Monthly Archives: September 2020

PR Newswire

China Innovation and Entrepreneurship Fair 2020 Opens

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Leading the Development of the Real Economy with Technological Innovation

GUANGZHOU, China, Sept. 23, 2020 — The China Innovation and Entrepreneurship Fair 2020 (CIEF 2020) themed "Digital Transformation and Innovation Leadership" opened in Guangzhou on Sept. 23. The CIEF is jointly sponsored by China Association for Science and Technology, the National Development and Reform Commission, the Chinese Academy of Sciences, the Chinese Academy of Engineering, the Central Committee of the Jiu San Society, the Guangdong Provincial Government, and the Guangzhou Municipal Government, and is co-organized by Guangzhou Municipal Government and International Data Group. Relevant leaders from China Association for Science and Technology, the Chinese Academy of Sciences, the Chinese Academy of Engineering, the Central Committee of the Jiu San Society, Guangdong Provincial and Guangzhou Municipal Governments attended the launch ceremony of the CIEF. Also present at the launch ceremony were 11 academicians including Song Erwei, Cao Chunxiao, Sun Yu, Chen Jing, Zhang Ping, Zhao Liancheng, Chen Jun, Liu Changxiao, Liu Huanbin, Du Ruxu, and Ye Siyu, as well as 40 officials from the consulates of 21 countries in Guangzhou including Mexico, Israel, Nepal, Turkey, Ethiopia and Colombia.

The CIEF has been held for 5 years, and its brand visibility and influence have been significantly improved. A total of about 500 projects have been transformed and implanted at the CIEF, with a value of 39.4 billion yuan. This CIEF features a wealth of talents, abundant achievements and highlights.

Every effort should be made to explore the transaction and transformation mode of technological innovation achievements with Chinese characteristics, and encourage innovation and entrepreneurship as far as possible in the whole society. First, we should value more the integration of innovative elements, promote the effective matchmaking of technology, capital and industry, and help scientists cooperate with entrepreneurs and help entrepreneurs cooperate with venture capital parties. Second, we should pay more attention to the integration of technology and economy, promote the industrialization of advanced technology, make the transformation of technological achievements more efficient, promote the deep integration of technology and economy, and better serve economic and social development. Third, pay more attention to upgrading of innovation platform, innovate service models, improve working mechanism, and improve the professional service capabilities for the transformation of technological achievements.

At the launch ceremony, Song Jun and Wen Guohui unveiled the plaque of Guangzhou International Technology Exchange Service Center; representatives of the holders of 10 innovation and entrepreneurship achievement projects for which agreement has been achieved or intention of cooperation has been agreed exchanged the signed contracts with the enterprise representatives. After the launch ceremony, the leaders and guests visited the exhibition of innovation and entrepreneurship achievements.

This year’s CIEF will be held from Sept. 23 to 25. Held in the form of online and offline events for the first time, the CIEF holds 22 special events and displays over 3,000 pieces of achievements. Focusing on the industrial reforms triggered by the COVID-19 pandemic and the new growth drivers generated by industrial integration, this year’s CIEF especially sets up the "exhibition area for epidemic prevention technology achievements", fosters in-depth cooperation between industry, universities, research institutes and users, and strives to become an international, professional, and market-oriented innovation and entrepreneurship platform to facilitate the deep integration of technology and economy.

PR Newswire

Makeblock launches NextMaker Box – a kit for at-home kids to learn coding and STEM – on Kickstarter

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The kits include fun projects that use AI, IoT, and data science for kids ages 7-12

SHENZHEN, China, Sept. 23, 2020 — Today, STEAM education market leader Makeblock launched a Kickstarter campaign for NextMaker Box, a monthly subscription box that delivers coding and making projects for curious kids ages 7-12. With no prior experience necessary, kids can develop skills in programming, robotics, electronics, engineering, science, and arts & crafts. It is now available for the early bird price of $39.

NextMaker Box is a fun kit for at-home kids to learn coding and STEM. It includes hardware, interactive e-learning portal and CSTA standard-aligned coding courses.It's now available on Kickstarter.
NextMaker Box is a fun kit for at-home kids to learn coding and STEM. It includes hardware, interactive e-learning portal and CSTA standard-aligned coding courses.It’s now available on Kickstarter.

With regular schooling and extracurricular activities interrupted thanks to Covid-19, accessing STEAM education is harder than ever. Makeblock’s latest product helps fulfill this need for at-home STEAM products that are engaging – and affordable.

Every month, NextMaker Box subscribers will receive a kit full of materials for new maker projects delivered straight to the door. Each box will include a fun, meaningful, and engaging hardware project that exposes kids to advanced STEAM topics including AI, IoT, data science, computational thinking, and human-computer interaction.

"We’re so excited to launch the NextMaker Box to make it easier for kids to learn important skills of the future, including coding. Most importantly, however, kids will develop confidence in building their own creations," says Makeblock CEO Jasen Wang. "Our goal isn’t to turn every child into a programmer, but to teach kids to solve problems, be creative, and have fun while using modern technology."

Part of the design is an understanding that kids need variety to stay engaged. As such, parents should expect to see fun projects like a music cube that lights up in sync with tunes, a smart voice-activated trash bin, a smart doorbell, codable toys, programmable cars, and more in the boxes. Each box features a new project and is carefully designed to spark a child’s creativity to learn how to build and code while having fun.

Hardware components will include wooden raw build materials, self-developed single board computers, and kid-friendly programmable electronic modules & sensors to explore concepts like voice command, image recognition, and motion sensing. Best of all, the contents of the monthly boxes can be disassembled and combined with other kit components to create brand new projects dreamed up by kids.

NextMaker Box is accompanied by an enriching online learning experience built upon a standard-aligned curriculum. Animated video activities deconstruct complex problems into smaller parts to provide kids with step-by-step guidance. The platform checks code and provides feedback as they go, helping kids learn how to debug by sharing tips via engaging animations for an interactive learning experience.

The projects included in NextMaker were developed over the span of two years, with over 2000 usability tests. The first 50 projects and 100 activities are ready to launch and the company is continuously adding, iterating, and testing new projects to keep the delivery boxes engaging for kids. Makeblock has also established the MakeX Spark Robotics Competitions where kids can share their creations with others across the globe.

"Growing up, I didn’t have the opportunity to access technology," continues Wang. "When I discovered my passion for innovation, I became inspired to increase access to STEM education and to transform education around the world. My goal is to help address a global skills shortage in technology, and beyond.

Makeblock is a five-time Red DotAward Winner, three-time IF Design Winner, and winner of an Idea Gold Award and Edison Gold Award. Makeblock’s products are currently sold in 140 countries, used by 15 million people globally, and used in more than 25,000 schools around the world.

NextMaker Box is now available on Kickstarter starting at $39 USD. For more information or to interview Makeblock personnel, please contact public relations agent Rosemary Newton.

Rosemary Newton, Proper Propaganda
rosemary@properpropaganda.net
1-604-358-3444

 About Makeblock

Makeblock Co., Ltd was founded in 2013 and is a global STEAM education solution provider. It targets the STEAM education and entertainment markets for schools, educational institutions, and families, providing comprehensive hardware, software, content solutions, and top-notch robotics competitions, with the aim of achieving the deep integration of technology and education. Makeblock is known globally for well-made products, earning multiple international awards in industrial design.

About Jasen Wang – Makeblock Founder & CEO

Jasen Wang (Wang Jianjun), the founder and CEO of Makeblock (Makeblock Co., Ltd), is a robotics enthusiast, a product manager, and a hardcore maker. He has been ranked as one of the 30 top entrepreneurs under the age of 30 by Forbes China and was named an entrepreneurial game-changer by Reuters. Wang grew up in a farming community with little money and had few opportunities to interact with electronic toys or computers. When he attended university, he discovered his passion for robotics and became part of the maker movement. He founded Makeblock in Shenzhen to give adults and children alike access to the skills and tools to thrive in the modern era and turn their ideas into reality.

 

Related Links :

https://www.makeblock.com/

PR Newswire

Supermicro is First-to-Market with NEBS Level 3 Certified 1U Server — Delivers 2,560 NVIDIA GPU Cores for 5G Edge AI & VR Innovation

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1U System Is Ideal for 5G Workloads, AI, AR/VR, and Offers Industry’s Broadest Portfolio of GPU Servers for Optimized Compute Workloads

SAN JOSE, California, Sept. 23, 2020 — Super Micro Computer, Inc. (Nasdaq: SMCI), a global leader in enterprise computing, storage, networking solutions and green computing technology, today announced an industry-first 1U NEBS (Network Equipment Building System) Level 3 certified system with up to four (4) NVIDIA V100 or V100S Tensor Core GPUs. The new server system enables the latest AI, AR/VR, transcoding, gaming, and other high-compute workloads with low latency requirements in the telecom environment.   


The new 1U system is available with either redundant AC or DC Power Supply (1+1) options and has nine (9) 4cm fans to provide a robust cooling system that supports the extended temperature range.  Also included are 2x 2.5" hot-swap SAS/SATA drive bays and 2x 2.5" internal drive bays. The system provides for secure SNMP v3, IPv6, and IPMI for management.

"Supermicro is first-to-market with a 1U NEBS Level 3 V100 GPU accelerated server,  a key enabler for the transition to 5G, with industry adoption of the most advanced applications and workloads found in AI/AR, and IoT," said Charles Liang, president, and CEO of Supermicro. "We have already received strong market interest in this system, which complements our extensive GPU portfolio, including 2U, 4U, and 10U multi-GPU servers leveraging our and resource-saving architecture." 

"The AI, HPC, data science, graphics, and 5G/telecommunications markets—from edge to core — continue to grow and present unprecedented computational challenges," said  Paresh Kharya Senior Director of Product Management for accelerated computing at NVIDIA. "The NVIDIA V100 GPU in the Supermicro NEBS Level 3 compliant system will enable more customers to leverage the performance and scalability required for these markets."

The criticality of NEBS Level 3 cannot be overstated for the growing market conversion from 4G to 5G, along with ever more complex and demanding applications coming to the edge. This new system extends the operating temperature to 55 °C and meets the shock and vibration, flame resistance, and other stringent testing to complete the GR-1089 and GR-63 suite of tests required for full NEBS Level 3 compliance. The server’s foundation of 2nd Generation Intel Xeon Scalable processors with built-in AI acceleration and Intel Optane persistent memory to utilize the NVIDIA GPUs to their fullest potential. This design allows mobile operators to upgrade their systems with higher-performance GPUs to accelerate voice and data traffic, as well as provide new edge applications and services, using servers that meet their rigorous reliability standards.

This industry-first Supermicro 1U NEBS L3 system joins an extensive portfolio of GPU systems that support demanding workloads, requiring GPU acceleration capabilities. In addition to the 1U system, Supermicro offers multiple GPU options, including 2, 4, 6, 10, 16, and 20 GPUs in 2U, 4U, and 10U form factors. The product line supports up to 56 CPU processor cores per server, 205W TDP CPUs, and 6TB DDR4-2933 MHz memory in 24 DIMMs. These servers give customers multiple options for NVMe, SAS, or SATA drives, providing maximum performance. 

You can find out more information about the new 1U NEBS Level 3 GPU server and Supermicro’s full lineup of 5G products and solutions at the BIG 5G Event September 22-24: https://tmt.knect365.com/big-5g-event/

Intel, the Intel logo, Xeon and Optane are registered trademarks of Intel Corporation or its subsidiaries.

Learn more about the 1U NEBS L3 system.     

Follow Supermicro on LinkedIn, Twitter, and Facebook to receive their latest news and announcements.

About Super Micro Computer, Inc.

Supermicro (Nasdaq: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced Server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro is committed to protecting the environment through its "We Keep IT Green®" initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names and trademarks are the property of their respective owners.

SMCI-F

Photo – https://mma.prnasia.com/media2/1279730/supermicro_network_equipment_building_system.jpg?p=medium600

Related Links :

http://www.supermicro.com

PR Newswire

JinkoSolar Announces Second Quarter 2020 Financial Results

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SHANGRAO, China, Sept. 23, 2020 — JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its unaudited financial results for the second quarter ended June 30, 2020.

Strategic Business Updates

  • Module shipments in the second quarter increased significantly compared with the first quarter, despite the negative impact caused by the global pandemic.
  • Large-area N-Type monocrystalline silicon solar cell reached a record high efficiency of 24.79%.
  • Demand and deployment of large-size modules exceeded expectations. The company recently launched its Tiger Pro N-type large-size module products with maximum power output of up to 610 W.
  • Industry consolidation is accelerating due to increased competition in a challenging economic environment. Module shipments of the top five module manufacturers are expected to account for 65% to 70% of the total shipments in the industry this year.
  • Announced the plan to list the Company’s principal operating subsidiary Jiangxi Jinko on the Shanghai Stock Exchange’s Sci-Tech innovation board, or the STAR Market.

Second Quarter 2020 Operational and Financial Highlights

  • Total solar module shipments were 4,469 megawatts ("MW"), within JinkoSolar’s guidance range of 4.2 GW to 4.5 GW, an increase of 31.0% from 3,411 MW in the first quarter of 2020 and an increase of 32.0% from 3,386 MW in the second quarter of 2019.
  • Total revenues were RMB8.45 billion (US$1.20 billion), exceeding JinkoSolar’s guidance range of US$1.10 billion to US$1.18 billion; a decrease of 0.4% from the first quarter of 2020 and an increase of 22.2% from the second quarter of 2019.
  • Gross margin was 17.9%, within JinkoSolar’s guidance range of 16.0% to 18.0%, compared with 19.5% in the first quarter of 2020 and 16.5% in the second quarter of 2019.
  • Income from operations was RMB434.7 million (US$61.5 million), compared with RMB732.7 million in the first quarter of 2020 and RMB260.3 million in the second quarter of 2019.
  • Net income attributable to the Company’s ordinary shareholders was RMB318.0 million (US$45.0 million) in the second quarter of 2020, compared with RMB282.4 million in the first quarter of 2020 and RMB125.4 million in the second quarter of 2019.
  • Diluted earnings per American depositary share ("ADS") were RMB6.55 (US$0.93) in the second quarter of 2020.
  • Non-GAAP net income attributable to the Company’s ordinary shareholders in the second quarter of 2020 was RMB376.1 million (US$53.2 million), compared with RMB227.5 million in the first quarter of 2020 and RMB202.9 million in the second quarter of 2019.
  • Non-GAAP basic and diluted earnings per ADS were RMB8.46 (US$1.20) in the second quarter of 2020, compared with RMB5.09 and RMB4.59, respectively, in the first quarter of 2020 and RMB4.87 for both in the second quarter of 2019.

Mr. Kangping Chen, JinkoSolar’s Chief Executive Officer commented, "JinkoSolar delivered a strong quarter with total revenue exceeding guidance. Despite the tough economic environment around the world, total solar module shipments and gross margin for the quarter were all within our guidance range. Module shipments hit a new high of 4,469 MW, an increase of 31.0% sequentially and 32.0% year-over-year. Total revenues during the quarter were US$1.20 billion, an increase of 16.0% (excluding the impact from disposal of the solar power plants in the first quarter of 2020) sequentially and 22.2% year-over-year, while gross profit was US$214.1 million. We expect orders for the third and fourth quarters to increase, with total solar module shipments expected to be in the range between 5 GW to 5.3 GW for the third quarter, and our guidance for total shipments for the full year 2020 remains unchanged at 18GW to 20 GW."

"Solar demand decreased during the quarter due to the economic slowdown, triggering a drop in module prices. Many upstream manufacturing companies were forced to reduce inventory and companies lacking product differentiation and cost flexibility struggled to remain competitive. The market continues to consolidate due to the challenging economic environment and strong competition within the industry, while the production capacity and infrastructure of integrated manufacturers remain resilient to risks and price fluctuations. All of the above has enabled a few key players, including JinkoSolar, to increase global market share. Overall, the combined shipment volumes of the top five solar module manufacturers are expected to account for 65% to 70% of the industry for the year."

"More than ever, technology is the major differentiating factor giving companies with integrated applications a clear advantage. Recently, our large-area N-type monocrystalline silicon solar cells reached a conversion efficiency of 24.79%, setting a new world record. This year, the popularity of large-sized bifacial modules exceeded our expectations and demonstrated that further reductions in the levelized cost of energy for solar remains the core distinction among clean energies. Additionally, we expect new technologies in energy storage to prompt the sector into a new era of rapid development."

"As economies have started to rebound in many markets, we believe global demand will eventually accelerate and we are well positioned to benefit from the momentum. Earlier this year, the shortage of supply in the Chinese market drove up prices along the supply chain, but prices have stabilized since then and we expect strong market demand to continue until the end of the year. With our strong R&D platform, expanding capacity and cost leadership, we believe we are well positioned to capitalize on the strong potential of solar energy as governments increasingly focus on clean energy in the wake of the pandemic and growing climate change challenges."

"This week, we announced our plan to list our principal operating subsidiary Jiangxi Jinko on the Shanghai Stock Exchange’s Sci-Tech innovation board, or the STAR Market. We are committed to maintaining the New York Stock Exchange listing for JinkoSolar. We believe the additional listing of Jiangxi Jinko on the STAR Market will raise our profile with investors both in China and globally and provide us with additional growth opportunities in the future."

Second Quarter 2020 Financial Results

Total Revenues

Total revenues in the second quarter of 2020 were RMB8.45 billion (US$1.20 billion), a decrease of 0.4% from RMB8.48 billion in the first quarter of 2020 and an increase of 22.2% from RMB6.91 billion in the second quarter of 2019. Excluding the impact from the disposal of two solar power plants in Mexico in the first quarter of 2020, revenue increased by 16.0% from RMB7.29 billion in the first quarter of 2020. The sequential increase (excluding the impact from disposal of the solar power plants in the first quarter of 2020) was mainly attributable to an increase in the shipment of solar modules partially offset by a decline in the average selling price of solar modules.  The year-over-year increase was mainly attributable to the increase in shipment of solar modules.

Gross Profit and Gross Margin

Gross profit in the second quarter of 2020 was RMB1.51 billion (US$214.1 million), compared with RMB1.66 billion in the first quarter of 2020 (or RMB1.44 billion if excluding the impact from the disposal of two solar power plants in Mexico) and RMB1.14 billion in the second quarter of 2019. The sequential increase was mainly attributable to an increase in the shipment of solar modules partially offset by a decline in the average selling price of solar modules.  The year-over-year increase was mainly attributable to (i) an increase in the shipment of solar modules, (ii) an increase in self-produced production volume that is increasingly shifting toward integrated mono-based high-efficiency products capacity, and (iii) the continued reduction of integrated production costs resulting from the Company’s industry-leading integrated cost structure.

Gross margin was 17.9% in the second quarter of 2020, compared with 19.5% in the first quarter of 2020 (or 19.7% if excluding the impact from the disposal of two solar power plants in Mexico) and 16.5% in the second quarter of 2019.The sequential decrease was mainly attributable to a decline in the average selling price of solar modules due to the decrease of global demand of solar modules. The year-over-year increase was mainly attributable to (i) an increase in self-produced production volume by increasing shift toward integrated mono-based high-efficiency products capacity, and (ii) the continued reduction of integrated production costs resulting from the Company’s industry-leading integrated cost structure.

Income from Operations and Operating Margin

Income from operations in the second quarter of 2020 was RMB434.7 million (US$61.5 million), compared with RMB732.7 million in the first quarter of 2020 (including RMB213.2 million from the disposal of two solar power plants in Mexico) and RMB260.3 million in the second quarter of 2019.

Operating margin was 5.1% in the second quarter of 2020, compared with 8.6% in the first quarter of 2020 (or 7.1% if excluding the impact from the disposal of two solar power plants in Mexico) and 3.8% in the second quarter of 2019.

Total operating expenses in the second quarter of 2020 were RMB1.08 billion (US$152.6 million), an increase of 16.7% from RMB924.2 million in the first quarter of 2020 and an increase of 22.0% from RMB883.6 million in the second quarter of 2019. The sequential increase was mainly due to (i) an increase in warranty cost in relation to the increase in the shipment of solar modules. and (ii) an increase in disposal loss on property, plant and equipment due to the automation upgrade of the Company. The year-over-year increase was mainly due to (i) an increase in shipping costs and warranty cost in relation to the increase in the shipment of solar modules and (ii) an increase in disposal loss on property, plant and equipment.

Total operating expenses accounted for 12.8% of total revenues in the second quarter of 2020, compared to 10.9% in the first quarter of 2020 (or 12.6% if excluding the impact from the disposal of two solar power plants in Mexico) and 12.8% in the second quarter of 2019.

Interest Expense, Net

Net interest expense in the second quarter of 2020 was RMB106.2 million (US$15.0 million), a decrease of 2.2% from RMB108.6 million in the first quarter of 2020 and a decrease of 9.0% from RMB116.8 million in the second quarter of 2019. The sequential and year-over-year decreases were mainly due to an increase in interest income partially offset by an increase in interest expense with the increase of interest-bearing debts.

Exchange Gain and Change in Fair Value of Foreign Exchange Derivatives

The Company recorded a net exchange gain (including change in fair value of foreign exchange derivatives) of RMB69.7 million (US$9.9 million) in the second quarter of 2020, compared to a net exchange loss of RMB106.8 million in the first quarter of 2020 and a net exchange gain of RMB45.9 million in the second quarter of 2019.

Change in Fair Value of Interest Rate Swap

The Company entered into Interest Rate Swap agreements with several banks for the purpose of reducing interest rate risk exposure associated with the Company’s overseas solar power projects. After the disposal of two solar power projects in Mexico in the first quarter of 2020, there was no change in fair value of interest rate swap recognized in the second quarter of 2020.

Change in Fair Value of Convertible Senior Notes and Call Option

The Company issued US$85.0 million of 4.5% convertible senior notes due 2024 (the "Notes") in May 2019 and has elected to measure the Notes at fair value. The Company recognized a loss from a change in fair value of the Notes of RMB89.2 million (US$12.6 million) in the second quarter of 2020, compared to a gain of RMB166.2 million in the first quarter of 2020.  The change was primarily due to an increase in the Company’s stock price in the second quarter of 2020.

Concurrent with the issuance of the Notes in May 2019, the Company entered into a call option transaction with an affiliate of Credit Suisse Securities (USA) LLC. The Company accounted for the call option transaction as freestanding derivative assets in its consolidated balance sheets, which is marked to market during each reporting period. The Company recorded a gain from a change in fair value of the call option of RMB38.0 million (US$5.4 million) in the second quarter of 2020, compared to a loss of RMB100.2 million in the first quarter of 2020. The change was primarily due to an increase in the Company’s stock price in the second quarter of 2020.

Equity in (Loss)/Gain of Affiliated Companies

The Company indirectly holds a 20% equity interest in Sweihan PV Power Company P.J.S.C, a developer and operator of solar power projects in Dubai, and accounts for its investment using the equity method. The Company also holds a 30% equity interest in Jiangsu Jinko-Tiansheng Co., Ltd, which processes and assembles PV modules as an OEM manufacturer, and accounts for its investments using the equity method. The Company recorded equity in gain of affiliated companies of RMB4.2 million (US$0.6 million) in the second quarter of 2020, compared with a loss of RMB101.5 million in the first quarter of 2020 and a loss of RMB28.6 million in the second quarter of 2019. The gain primarily arose from revenue generated from operations in the second quarter of 2020. The sequential change was mainly due to the decreased losses arose from change in fair value of interest rate swap agreements purchased by Sweihan PV Power Company P.J.S.C. as the long-term interest rates remains stable in the second quarter of 2020. Hedge accounting was not applied for the derivative.

Income Tax (Expenses)/Benefit

The Company recorded an income tax expense of RMB22.8 million (US$3.2 million) in the second quarter of 2020, compared with an income tax expense of RMB109.5 million in the first quarter of 2020 and an income tax benefit of RMB55.9 million in the second quarter of 2019. The sequential decrease was mainly due to additional 2019 income tax deduction for R&D costs approved by the local tax bureau in the second quarter of 2020. The year-over-year change was mainly due to higher profit generated compared to the second quarter of 2019.

Net Income and Earnings per Share

Net income attributable to the Company’s ordinary shareholders was RMB318.0 million (US$45.0 million) in the second quarter of 2020, compared with RMB282.4 million in the first quarter of 2020 and RMB125.4 million in the second quarter of 2019.

Basic and diluted earnings per ordinary share were RMB1.79 (US$0.25) and RMB1.64 (US$0.23), respectively, during the second quarter of 2020. This translates into basic and diluted earnings per ADS of RMB7.16 (US$1.01) and RMB6.55 (US$0.93), respectively.

Non-GAAP net income attributable to the Company’s ordinary shareholders in the second quarter of 2020 was RMB376.1 million (US$53.2 million), compared with RMB227.5 million in the first quarter of 2020 and RMB202.9 million in the second quarter of 2019.

Non-GAAP basic and diluted earnings per ordinary share were RMB2.12 (US$0.30), during the second quarter of 2020. This translates into non-GAAP basic and diluted earnings per ADS of RMB8.46 (US$1.20).

Financial Position

As of June 30, 2020, the Company had RMB6.85 billion (US$969.6 million) in cash and cash equivalents and restricted cash, compared with RMB4.74 billion as of March 31, 2020.

As of June 30, 2020, the Company’s accounts receivables due from third parties were RMB5.90 billion (US$834.6 million), compared with RMB5.31 billion as of March 31, 2020.

As of June 30, 2020, the Company’s inventories were RMB6.89 billion (US$975.1 million), compared with RMB7.15 billion as of March 31, 2020.

As of June 30, 2020, the Company’s total interest-bearing debts were RMB16.5 billion (US$2.34 billion), of which RMB908.6 million (US$128.6 million) was related to the Company’s overseas downstream solar projects, compared with RMB12.79 billion, of which RMB1.15 billion was related to the Company’s overseas downstream solar projects as of March 31, 2020.

Second Quarter 2020 Operational Highlights

Solar Module Shipments

Total solar module shipments in the second quarter of 2020 were 4,469 MW.

Solar Products Production Capacity

As of June 30, 2020, the Company’s in-house annual mono wafer, solar cell and solar module production capacity was 20 GW, [1] 11GW (10.2 GW for PERC cells and 800 MW for N type cells) and 25 GW, respectively.

Note 1:

In addition to the mono wafer, our multi wafer production capacity was 3.5 GW as of June 30, 2020[1]

Operations and Business Outlook

Strong market demand is expected to continue until the end of the year. COVID-19 has negatively impacted demand and caused substantial challenges across the supply chain, which is expected to further accelerate market consolidation within the industry. The penetration of large-size modules exceed expectations.

Third Quarter and Full Year 2020 Guidance

The Company’s business outlook is based on management’s current views and estimates with respect to market conditions, production capacity, the Company’s order book and the global economic environment. This outlook is subject to uncertainty on final customer demand and sale schedules. Management’s views and estimates are subject to change without notice.

For the third quarter of 2020, the Company expects total solar module shipments to be in the range of 5.0 GW to 5.3 GW. Total revenue for the third quarter is expected to be in the range of US$1.22 billion to US$1.30 billion. Gross margin for the third quarter is expected to be between 17% and 19%.

For full year 2020, the Company estimates total solar module shipments to be in the range of 18 GW to 20 GW.

Solar Products Production Capacity

JinkoSolar expects its annual mono wafer, solar cell and solar module production capacity to reach 20 GW, 11 GW (including 800 MW N-type cells) and 30 GW, respectively, by the end of 2020.

Recent Business Developments

  • In June 2020, JinkoSolar’s innovative Tiger Pro Series of high-efficiency modules received the world’s first IEC 61701 Ed. 3 (FDIS) certification for salt mist corrosion test issued by TÜV Nord AG, an independent provider of technical services for testing, inspection, certification, consultation and training.
  • In June 2020, United States International Trade Commission ("ITC") issued a favorable final determination concluding that JinkoSolar’s products do not infringe a patent asserted by Hanwha Q CELLS.
  • In June 2020, JinkoSolar appointed Mr. Ji Shao Guo as Chief Human Resources Officer.
  • In June 2020, JinkoSolar responded to the Regional Court of Düsseldorf’s recent determination concluding that third-party cell technology contained in certain JinkoSolar modules, no longer in production, infringes a patent held by Hanwha Q CELLS.
  • In June 2020, JinkoSolar announced that it will supply 60.9 MW of bifacial modules for the first industrial hybrid plant in Chile.
  • In July 2020, JinkoSolar won the 6th All Quality Matters Award for PV Module Energy Yield Simulation (Mono Group) at the Solar Congress 2020 organized by TÜV Rheinland.
  • In July 2020, JinkoSolar announced supply of 126 MW of solar modules for the expansion of an existing 160 MW solar PV park in Chile.
  • In July 2020, the maximum solar conversion efficiency of JinkoSolar’s large-area N-type monocrystalline silicon solar cells reached 24.79%, and have set a world record for large-size contact-passivated solar cells.
  • In August 2020, JinkoSolar unveiled its RE100 roadmap by providing details on its approach to achieve 100% capacity powered by renewables by 2025.
  • In August 2020, JinkoSolar launched its new generation of 610W Tiger Pro high-efficiency monocrystalline TR solar module and its BIPV solutions, Building Integrated Photovoltaics product series, which will be unveiled at SNEC 2020 in Shanghai.

Conference Call Information

JinkoSolar’s management will host an earnings conference call on Wednesday, September 23, 2020 at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong the same day).

Dial-in details for the earnings conference call are as follows:

Hong Kong / International:

+852 3027 6500

U.S. Toll Free:

+1 855-824-5644

Passcode:

55345060

Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

A telephone replay of the call will be available 2 hours after the conclusion of the conference call through 23:59 U.S. Eastern Time, September 30, 2020. The dial-in details for the replay are as follows:

International:

+61 2 8325 2405

U.S.:

+1 646 982 0473

Passcode:

319337163#

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of JinkoSolar’s website at www.jinkosolar.com.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of June 30, 2020.

JinkoSolar has 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States,  Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France,  Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia,  Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.

To find out more, please see: www.jinkosolar.com

Use of Non-GAAP Financial Measures

To supplement its consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), JinkoSolar uses certain non-GAAP financial measures including, non-GAAP net income, non-GAAP earnings per Share, and non-GAAP earnings per ADS, which are adjusted from the comparable GAAP results to exclude certain expenses or incremental ordinary shares relating to share-based compensation convertible senior notes and call option:

  • Non-GAAP net income is adjusted to exclude the expenses relating to issuance cost of convertible senior notes, change in fair value of convertible senior notes and call option, interest expenses of convertible senior notes and call option, exchange (gain)/loss on the convertible senior notes and call option, and stock-based compensation (benefit)/expense; given these Non-GAAP net income adjustments above are either related to the Company or its subsidiaries incorporated in Cayman Islands, which are not subject to tax exposures, or related to those subsidiaries with tax loss positions which result in no tax impacts, therefore no tax adjustment is needed in conjunction with these Non-GAAP net income adjustments; and
  • Non-GAAP earnings per share and non-GAAP earnings per ADS are adjusted to exclude the expenses relating to issuance cost of convertible senior notes, change in fair value of convertible senior notes and call option, interest expenses of convertible senior notes and call option, exchange gain on the convertible senior notes and call option, and stock-based compensation. As the Non-GAAP net income is adjusted to exclude the change in fair value of call option, the dilutive impact of call option, if any, is also excluded from the denominator for the calculation of Non-GAAP earnings per share and non-GAAP earnings per ADS.

The Company believes that the use of non-GAAP information is useful for analysts and investors to evaluate JinkoSolar’s current and future performances based on a more meaningful comparison of net income and diluted net income per ADS when compared with its peers and historical results from prior periods. These measures are not intended to represent or substitute numbers as measured under GAAP. The submission of non-GAAP numbers is voluntary and should be reviewed together with GAAP results.

Impact of the Recently Adopted Major Accounting Pronouncement

The Company adopted the update of ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): "Measurement of Credit Losses on Financial Instruments" on January 1, 2020.

Upon adoption of ASC 326 on January 1, 2020, the Company used the modified retrospective transition method through a RMB6.6 million cumulative-effect increase to retained earnings, among which RMB30.9 million was related to the decrease of allowance for accounts receivables-third parties, RMB15.0 million was related to the increase of allowance for accounts receivables- related parties and RMB9.3 million was related to the increase of allowance for other receivables and other current/non-current assets. The adoption of the new guidance did not have a material impact to the Company’s consolidated financial statements.

Currency Convenience Translation

The conversion of Renminbi into U.S. dollars in this release, made solely for the convenience of the readers, is based on the noon buying rate in the city of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York as of June 30, 2020, which was RMB7.0651 to US$1.00. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized, or settled into U.S. dollars at that rate or any other rate. The percentages stated in this press release are calculated based on Renminbi.

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "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, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:
Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com

Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com

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

 

 

 

JINKOSOLAR HOLDING CO., LTD. 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except ADS and Share data)

For the quarter ended

For the six months ended

June 30, 2019

March 31, 2020

June 30, 2020

June 30, 2019

June 30, 2020

RMB

RMB

RMB

USD

RMB

RMB

USD

 Revenues from third parties 

6,912,301

8,431,213

8,448,719

1,195,839

12,589,528

16,879,932

2,389,199

 Revenues from related parties 

725

52,710

1,943

275

145,546

54,653

7,736

 Total revenues 

6,913,026

8,483,923

8,450,662

1,196,114

12,735,074

16,934,585

2,396,935

 Cost of revenues 

(5,769,143)

(6,827,045)

(6,937,720)

(981,971)

(10,626,854)

(13,764,765)

(1,948,276)

 Gross profit 

1,143,883

1,656,878

1,512,942

214,143

2,108,220

3,169,820

448,659

 Operating expenses: 

   Selling and marketing 

(561,959)

(613,821)

(709,189)

(100,379)

(1,021,273)

(1,323,010)

(187,260)

   General and administrative 

(248,376)

(238,594)

(294,452)

(41,677)

(440,278)

(533,046)

(75,448)

   Research and development 

(73,258)

(71,784)

(74,643)

(10,565)

(150,636)

(146,427)

(20,725)

 Total operating expenses 

(883,593)

(924,199)

(1,078,284)

(152,621)

(1,612,187)

(2,002,483)

(283,433)

 Income from operations 

260,290

732,679

434,658

61,522

496,033

1,167,337

165,226

 Interest expenses, net 

(116,754)

(108,613)

(106,239)

(15,037)

(212,864)

(214,852)

(30,410)

 Subsidy income 

10,517

5,061

14,379

2,035

15,258

19,440

2,752

 Exchange gain 

87,487

10,951

51,616

7,306

6,507

62,567

8,856

 Change in fair value of interest rate swap 

(46,118)

(78,878)

–

–

(76,317)

(78,878)

(11,164)

 Change in fair value of foreign exchange derivatives 

(41,619)

(117,787)

18,133

2,567

(23,505)

(99,654)

(14,105)

 Convertible senior notes issuance costs 

(18,646)

–

–

–

(18,646)

–

–

 Change in fair value of convertible senior notes and call option 

(45,070)

65,990

(51,165)

(7,242)

(45,070)

14,825

2,098

 Other income/(expense), net 

7,302

(2,187)

2,127

301

14,700

(60)

(8)

 Income before income taxes

97,389

507,216

363,509

51,452

156,096

870,725

123,245

 Income tax benefit/(expense) 

55,917

(109,520)

(22,754)

(3,221)

60,167

(132,274)

(18,722)

 Equity in (loss)/gain of affiliated companies 

(28,621)

(101,527)

4,211

596

(52,330)

(97,316)

(13,774)

 Net income 

124,685

296,169

344,966

48,827

163,933

641,135

90,749

 Less: Net (loss)/income attributable to non-controlling
          interests 

(725)

13,728

26,923

3,811

(1,664)

40,651

5,754

Net income attributable to JinkoSolar
Holding Co., Ltd.’s ordinary shareholders 

125,410

282,441

318,043

45,016

165,597

600,484

84,995

Net income attributable to JinkoSolar Holding Co., Ltd.’s
 ordinary shareholders per share: 

   Basic 

0.75

1.58

1.79

0.25

1.02

3.37

0.48

   Diluted 

0.32

0.67

1.64

0.23

0.57

2.77

0.39

Net income attributable to JinkoSolar Holding Co., Ltd.’s
   ordinary shareholders per ADS: 

   Basic 

3.01

6.32

7.16

1.01

4.10

13.48

1.91

   Diluted 

1.26

2.67

6.55

0.93

2.28

11.08

1.57

Weighted average ordinary shares outstanding: 

   Basic 

166,605,808

178,743,903

177,718,162

177,718,162

161,670,693

178,231,033

178,231,033

   Diluted 

165,385,410

198,081,276

170,989,776

170,989,776

161,633,544

197,139,692

197,139,692

 Weighted average ADS outstanding: 

   Basic 

41,651,452

44,685,976

44,429,541

44,429,541

40,417,673

44,557,758

44,557,758

   Diluted 

41,346,352

49,520,319

42,747,444

42,747,444

40,408,386

49,284,923

49,284,923

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Net income 

124,685

296,169

344,966

48,827

163,933

641,135

90,749

Other comprehensive income/(loss): 

   -Foreign currency translation adjustments 

48,233

45,040

30,442

4,309

30,774

75,482

10,684

   -Change in the instrument-specific credit risk 

5,546

39,202

(52,681)

(7,457)

5,546

(13,479)

(1,908)

 Comprehensive income 

178,464

380,411

322,727

45,679

200,253

703,138

99,525

 Less: Comprehensive (loss)/income attributable to non-controlling
interests 

(725)

13,728

26,923

3,811

(1,664)

40,651

5,754

 Comprehensive income attributable to JinkoSolar Holding Co., Ltd.’s
ordinary shareholders 

179,189

366,683

295,804

41,868

201,917

662,487

93,771

 Reconciliation of GAAP and non-GAAP Results 

 1. Non-GAAP earnings per share and non-GAAP earnings per ADS 

 GAAP net income attributable to ordinary shareholders 

125,410

282,441

318,043

45,016

165,597

600,484

84,995

 Convertible senior notes issuance costs 

18,646

–

–

–

18,646

–

–

 Change in fair value of convertible senior notes and call option 

45,070

(65,990)

51,165

7,242

45,070

(14,825)

(2,098)

 Net interest expenses of convertible senior notes and call option 

2,914

6,128

6,734

953

2,914

12,862

1,820

 Exchange (gain)/loss on convertible senior notes and call option 

(721)

4,664

(291)

(41)

(721)

4,373

619

 Stock-based compensation expense 

11,587

249

423

60

4,663

672

95

 Non-GAAP net income attributable to ordinary shareholders 

202,906

227,492

376,074

53,230

236,169

603,566

85,431

 Non-GAAP earnings per share attributable to ordinary shareholders – 

   Basic 

1.22

1.27

2.12

0.30

1.461

3.39

0.48

   Diluted 

1.22

1.15

2.12

0.30

1.461

3.06

0.43

 Non-GAAP earnings per ADS attributable to ordinary shareholders – 

   Basic 

4.87

5.09

8.46

1.20

5.84

13.54

1.92

   Diluted 

4.87

4.59

8.46

1.20

5.84

12.25

1.73

 Non-GAAP weighted average ordinary shares outstanding  

   Basic 

166,605,808

178,743,903

177,718,162

177,718,162

161,670,693

178,231,033

178,231,033

   Diluted 

166,605,808

198,081,276

177,718,162

177,718,162

161,670,693

197,139,692

197,139,692

 Non-GAAP weighted average ADS outstanding  

   Basic 

41,651,452

44,685,976

44,429,541

44,429,541

40,417,673

44,557,758

44,557,758

   Diluted 

41,651,452

49,520,319

44,429,541

44,429,541

40,417,673

49,284,923

49,284,923

 

 

 

JINKOSOLAR HOLDING CO., LTD. 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

December 31,
2019

June 30, 2020

RMB

RMB

USD

ASSETS

Current assets:

  Cash and cash equivalents

5,653,854

6,256,894

885,606

  Restricted cash 

576,546

593,580

84,016

  Restricted short-term investments

6,930,502

6,351,495

898,996

  Accounts receivable, net – related parties

520,504

457,227

64,716

  Accounts receivable, net – third parties

5,266,351

5,896,205

834,554

  Notes receivable, net – related parties

18,629

38,629

5,468

  Notes receivable, net – third parties

1,529,801

2,069,340

292,896

  Advances to suppliers, net – third parties

2,522,373

2,131,005

301,624

  Inventories, net

5,818,789

6,889,268

975,113

  Forward contract receivables

52,281

997

141

  Prepayments and other current assets, net – related parties

54,318

35,630

5,043

  Prepayments and other current assets, net

1,573,482

1,570,550

222,297

  Held-for-sale assets

1,170,818

–

–

Total current assets

31,688,248

32,290,820

4,570,470

Non-current assets:

  Restricted cash

531,158

922,353

130,551

  Accounts receivable, net – third parties

–

28,020

3,966

  Project Assets

798,243

806,474

114,149

  Long-term investments

278,021

163,442

23,134

  Property, plant and equipment, net

10,208,205

11,336,560

1,604,586

  Land use rights, net

597,922

721,113

102,067

  Intangible assets, net

36,395

38,234

5,412

  Financing lease right-of-use assets, net

1,259,713

975,047

138,009

  Operating lease right-of-use assets, net

317,904

276,781

39,176

  Deferred tax assets 

271,286

271,286

38,398

  Call Option-concurrent with issuance of convertible
  senior notes

294,178

235,084

33,274

  Other assets, net – related parties

96,753

99,296

14,054

  Other assets, net – third parties

1,466,692

1,437,186

203,421

Total non-current assets

16,156,470

17,310,876

2,450,197

Total assets

47,844,718

49,601,696

7,020,667

LIABILITIES

Current liabilities:

  Accounts payable – related parties

36,310

20,473

2,898

  Accounts payable – third parties

4,952,630

4,619,921

653,907

  Notes payable – third parties

7,518,570

6,857,544

970,622

  Accrued payroll and welfare expenses

879,465

793,927

112,373

  Advances from related parties

749

–

–

  Advances from  third parties

4,350,380

2,380,763

336,975

  Income tax payable

117,422

78,598

11,125

  Other payables and accruals

3,055,928

3,296,258

466,560

  Other payables due to related parties

13,127

14,633

2,070

  Forward contract payables

3,857

37,716

5,338

  Convertible senior notes – current

–

634,256

89,773

  Financing lease liabilities – current

227,613

219,428

31,058

  Operating lease liabilities – current

40,043

40,532

5,737

  Short-term borrowings from third parties,
     including current portion of long-term bank
     borrowings

9,047,250

12,066,725

1,707,934

  Guarantee liabilities to related parties

25,688

23,363

3,307

  Held-for-sale liabilities

1,008,196

–

–

Total current liabilities

31,277,228

31,084,137

4,399,677

Non-current liabilities:

  Long-term borrowings

1,586,187

2,831,051

400,709

  Convertible senior notes

728,216

–

–

  Accrued warranty costs – non current

651,968

703,747

99,609

  Financing lease liabilities

583,491

471,138

66,685

  Operating lease liabilities

279,534

236,566

33,484

  Deferred tax liability

250,734

250,734

35,489

  Guarantee liabilities to related parties 
   – non current

46,332

41,109

5,819

Total non-current liabilities

4,126,462

4,534,345

641,795

Total liabilities

35,403,690

35,618,482

5,041,472

SHAREHOLDERS’ EQUITY

Ordinary shares (US$0.00002 par value, 500,000,000
shares authorized, 180,653,497 and 180,829,497 shares
issued as of December 31, 2019 and June 30, 2020,
respectively)

25

25

4

Additional paid-in capital

4,582,850

4,587,584

649,330

Statutory reserves

689,707

689,707

97,622

Accumulated other comprehensive income

62,952

124,955

17,686

Treasury stock, at cost; 1,723,200 and 2,945,840 ordinary
shares as of  December 31, 2019 and June 30, 2020,
respectively

(13,876)

(43,170)

(6,110)

Accumulated retained earnings

3,981,661

4,588,753

649,495

Total JinkoSolar Holding Co., Ltd. shareholders’ equity

9,303,319

9,947,854

1,408,027

Non-controlling interests

3,137,709

4,035,360

571,168

Total liabilities and shareholders’ equity

47,844,718

49,601,696

7,020,667

 

Related Links :

http://www.jinkosolar.com

PR Newswire

Clarivate Reveals 2020 Citation Laureates – Annual List of Researchers of Nobel Class

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54 Citation Laureates named by the Institute for Scientific Information have gone on to receive a Nobel Prize

24 new Citation Laureates named, from six countries (USA, Canada, Germany, Japan, South Korea and United Kingdom)

LONDON, Sept. 23, 2020 — Clarivate Plc (NYSE:CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, today named 24 world-class researchers from six countries as Citation Laureates. These are researchers whose work is deemed to be ‘of Nobel class’, as demonstrated by analysis carried out by the Institute for Scientific Information™ (ISI). 


Each year since 2002, ISI analysts have drawn on Web of Science™ publication and citation data to identify influential researchers in the research areas recognized by Nobel Prizes: Physiology or Medicine, Physics, Chemistry and Economics. Out of some 50 million articles and proceedings indexed in the Web of Science since 1970, only 5,700 (or .01%) have been cited 2,000 or more times. It is from the authors of this group of papers that Citation Laureates are identified and selected. They are individuals whose research reports are highly cited and whose contributions to science have been extremely influential, even transformative.

In early October 2020, the Nobel Assembly will vote to confer science’s highest honor. Whilst this annual rite inspires worldwide speculation, Clarivate is the only organization to use quantitative data in addition to qualitative assessment to provide valuable insights about who may be chosen. To date, 54 Citation Laureates listed in the Hall of Citation Laureates have gone on to receive a Nobel Prize.

Joel Haspel SVP Strategy, Science, Clarivate said: "This year’s Laureates have advanced humanity’s understanding of topics as varied as the gender pay gap, nanocrystals and how galaxies are formed. They have pushed the boundaries of clinical care with advances in personalized medicine and vaccine development. We are delighted to recognize and celebrate their immense achievements, demonstrating that their citation tallies reflect their influence on their colleagues, disciplines and the wider world."

David Pendlebury, Senior Citation Analyst at the Institute for Scientific Information at Clarivate said: "To be cited 2,000 times or more is a rarity. Authors of very highly cited papers are usually members of national academies of sciences, hold senior appointments in universities and other research institutes, and have received many top international prizes in their fields. Indeed, some of them have helped to shape their fields of study. Some of these ‘scientific elites’ go on to receive Nobel honors, demonstrating each year the association between citations in the literature, influence through a research community, and peer judgement."

This year 19 of the 24 honorees are based at leading academic institutions in the United States; others hail from Canada, Germany, Japan, South Korea and the United Kingdom.

The 2020 Citation Laureates are:

Physiology or Medicine

Pamela J. Bjorkman, David Baltimore Professor of Biology and Biological Engineering, California Institute of Technology, Pasadena, CA USA, and

Jack L. Strominger, Higgins Research Professor of Biochemistry, Harvard University, Cambridge, MA USA

For determining the structure and function of major histocompatibility complex (MHC) proteins, a landmark discovery in molecular immunology that has contributed to drug and vaccine development

Yusuke Nakamura, Director, Cancer Precision Medicine Center, Japanese Foundation for Cancer Research, Tokyo, JAPAN; Emeritus Professor, University of Tokyo, Tokyo JAPAN; and, Emeritus Professor, University of Chicago, Chicago, IL USA.

For pioneering research developing and applying genetic polymorphic markers and for contributions to genome-wide association studies, both heralding personalized approaches to cancer treatment

Huda Y. Zoghbi, Professor, Departments of Pediatrics, Molecular and Human Genetics, Neurology and Neuroscience, Baylor College of Medicine, Houston, TX, USA and Founding director, Jan and Dan Duncan Neurological Research Institute, Texas Children’s Hospital, Houston, TX USA; also, Howard Hughes Medical Institute Investigator.

For discoveries on the pathogenesis of neurological disorders including the genetic origins of Rett syndrome

Physics

Thomas L. Carroll, Research Physicist, Center for Computational Materials Science, U.S. Naval Research Laboratory, Washington, DC USA, and 

Louis M. Pecora, Research Physicist, Magnetic Materials and Nonlinear Dynamics, U.S. Naval Research Laboratory, Washington, DC USA

For research in nonlinear dynamics including synchronization of chaotic systems

Hongjie Dai, J.G. Jackson & C.J. Wood Professor of Chemistry, Stanford University, Stanford, CA USA, and

Alex Zettl, Professor of Physics at the University of California at Berkeley, and Senior Faculty Scientist at the Lawrence Berkeley National Laboratory, Berkeley, CA USA

For fabrication and novel applications of carbon and boron nitride nanotubes

Carlos S. Frenk, Director of the Institute for Computational Cosmology, and Ogden Professor of Fundamental Physics, Durham University, Durham, UK,

and Julio F. Navarro, Lansdowne Science Professor, University of Victoria, Victoria, BC CANADA, and Simon D.M. White, former Director, Max Planck Institute for Astrophysics, Garching, GERMANY

For their fundamental studies of galaxy formation and evolution, cosmic structure, and dark matter halos

Chemistry

Moungi G. Bawendi, Lester Wolfe Professor of Chemistry, Massachusetts Institute of Technology, Cambridge, MA USA

and Christopher B. Murray, Richard Perry University Professor of Chemistry and Materials Science and Engineering, University of Pennsylvania, Philadelphia, PA USA

and Taeghwan Hyeon, SNU Distinguished Professor, Seoul National University, Seoul SOUTH KOREA; also Director of Center for Nanoparticle Research of Institute for Basic Science

For synthesis of nanocrystals with precise attributes for a wide range of applications in physical, biological, and medical systems

Stephen L. Buchwald, Camille Dreyfus Professor of Chemistry, Massachusetts Institute of Technology, Cambridge, MA USA, And

John F. Hartwig, Henry Rapoport Chair in Organic Chemistry, University of California at Berkeley, Berkeley, CA USA

For contributions to organometallic chemistry, notably the Buchwald–Hartwig amination which forms carbon–nitrogen bonds through palladium-catalyzed coupling reactions of amines with aryl halides

Makoto Fujita, Distinguished Professor, Division of Advanced Molecular Science, Institute for Molecular Science, University of Tokyo, Tokyo JAPAN

For advances in supramolecular chemistry through self-assembly strategies that take inspiration from nature itself

Economics

David A. Dickey, William Neal Reynolds Distinguished Professor, North Carolina State University, Raleigh, NC USA,

And Wayne A. Fuller, Distinguished Professor Emeritus, Iowa State University, Ames, IA USA, And Pierre Perron, Professor of Economics, Boston University, Boston, MA USA

Dickey and Fuller for statistical tests of a unit root in time-series analysis and 

Perron for the statistical analysis of non-stationary time series

Claudia Goldin, Henry Lee Professor of Economics, Harvard University, Cambridge, MA USA

For contributions to labor economics, especially her analysis of women and the gender pay gap

Steven T. Berry, David Swensen Professor of Economics and Jeffrey Talpins Faculty Director of the Tobin Center for Economic Policy, Yale University, New Haven, CT USA, and 

James A. Levinsohn, Director of the Jackson Institute for Global Affairs, Charles W. Goodyear Professor in Global Affairs, and Professor of Economics and Management, Yale University, New Haven, CT USA, and

Ariel Pakes, Thomas Professor of Economics, Harvard University, Cambridge, MA USA

For their BLP random coefficients logit model for demand estimation 

Commenting on his appointment as a Citation Laureate, Pierre Perron, Professor of Economics, Boston University said: "It is the best honor I could have hoped for. The reason I am so grateful is that it is based on facts: citations, impact on the profession… To me this is what is important as an econometrician, producing work that is useful for applications. Not publishing overly technical papers that appeal to only a few. I am a proletarian at heart! In that sense, it is much more rewarding than elections to elite societies. I decided early on that I would have my own research agenda, working mostly with PhD students. It worked well and I am proud of the work, its impact on the profession and on all the students I worked with."

To learn more about the methodology of the list and view our Hall of Citation Laureates, please visit our website here.

ENDS
David Pendlebury, Senior Citation Analyst at the Institute for Scientific Information at Clarivate is available for interview.

Media Contact
Rebecca Krahenbuhl
Rebecca.Krahenbuhl@clarivate.com

About Clarivate 
Clarivate™ is a global leader in providing trusted information and insights to accelerate the pace of innovation. We offer subscription and technology-based solutions coupled with deep domain expertise that cover the entire lifecycle of innovation – from foundational research and ideas to protection and commercialization. Today, we’re setting a trail-blazing course to help customers turn bold ideas into life-changing inventions. Our portfolio consists of some of the world’s most trusted information brands, including the Web of Science™, Cortellis™, Derwent™, CompuMark™, MarkMonitor™ and Techstreet™. For more information, please visit clarivate.com. 

About the Institute for Scientific Information 
The Institute for Scientific Information (ISI)™ at Clarivate has pioneered the organization of the world’s research information for more than half a century. Today it remains committed to promoting integrity in research whilst improving the retrieval, interpretation and utility of scientific information. It maintains the knowledge corpus upon which the Web of Science™ index and related information and analytical content and services are built and disseminates that knowledge externally through events, conferences and publications whilst conducting primary research to sustain, extend and improve the knowledge base. For more information, please visit https://clarivate.com/webofsciencegroup/solutions/isi-institute-for-scientific-information/ 

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PR Newswire

“Paradigm Shift for Greater Value” Huawei drives 100 typical scenario-based solutions built on robust partnership

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SHANGHAI, Sept. 23, 2020 — At HUAWEI CONNECT 2020, Mr. Peng Zhongyang, Board Member, President of Enterprise BG, Huawei, delivered a keynote speech on the theme of "Paradigm Shift for Greater Value". Peng stated that the shift to a new paradigm of industrial digital transformation is urgently needed for the development of our future intelligent society. To drive industrial digitalization and construct the new paradigm, we need to focus on clients’ demands and dreams, realize the new paradigm by scenario-based innovation, and through the synergy across five tech domains to establish a digital ecosystem for mutual benefits with joint creation while creating new value for industries.

At HUAWEI CONNECT 2020, Mr.Peng Zhongyang, Board Member, President of Enterprise BG, Huawei, delivered a keynote speech on the theme of "Paradigm Shift for Greater Value"
At HUAWEI CONNECT 2020, Mr.Peng Zhongyang, Board Member, President of Enterprise BG, Huawei, delivered a keynote speech on the theme of "Paradigm Shift for Greater Value"

Cutting-edge technology, industry know-how, and practices

2020 is an extraordinary year, witnessing explosive growth in technologies together with reforms in different industries. The tremendous potential of digital transformation is to be unleashed on the basis of synergy across five tech domains, in which connectivity, cloud computing, AI and applications develop surrounding 5G in ways never seen before.

By turning coal mines into digital structures for more than 10 scenarios, Huawei has achieved digital twining, making whole mining business digital and smart.

For the Malanshan Video Cultural Creative Industrial Park, Huawei has collaborated with clients and partners to establish the cloud platform for filming process, streamline the entire video production ranging from shooting, editing streaming, to storage and backhaul, shortening the cycle by 30% and reducing cost by 20%.

Huawei has long been adhering to best practices for a better future. In 2018, Huawei’s logistics park in Dongguan underwent transformation that lasted for half a year. With the help of automated equipment and intelligent algorithms, delivery efficiency (volume of goods delivered per capita) has increased by 67%, and the delivery cycle has been shortened by over 50%.

Peng concluded, "There are three decisive factors while digitalizing scenarios. The first one is the cutting-edge technology, allowing integration of ICT with core scenarios. The second one is industry know-how, where we should seek industrial insights in depth and understand the industrial knowledge. Finally, it is all about execution. That is to put all these into practice, turning theories into reality with continuous exploration and innovation."

A new paradigm of digital transformation

A digital ecosystem with which Huawei creates and shares value is crucial for the construction of the prosperous digital future.

In the digitalized era, the essence of business is to "make the cake bigger" and achieve win-win results rather than compete in the zero-sum game. To this end, Huawei proposes to build a "digital ecosystem cube" from three dimensions. The first dimension is to target at the future of digitalization, gain insights of the unsatisfied demands from numerous segmented scenarios in various industries, which is the premise of "the bigger cake". The second dimension is to aggregate different capabilities of various partners and fully play to their strengths, which is the basis of "baking a bigger cake". The third is to develop multiple approaches for collaboration and business models, and make conscious effort to create and share value together. This is the permanent force that continually drives the expansion of market size.

Taking Shenzhen Airport as an example. By working with industry-leading solution partners and based on the synergy across five tech domains that integrates end devices, data management and industry application, Huawei has developed diverse and segmented scenario-based solutions, such as flight scheduling, stand allocation and ground support. In 2019, it helped reduce the number of passengers who took shuttle bus by some 2.6 million, boosting the efficiency of security check by 60%. It has led to a safer airport with better efficiency and superior experience tailor-made for travelers.

Now, Huawei has built on the 100 scenario-based solutions, creating more industrial value associated with partners.

"You can’t find a new land with an old map," Peng said, calling on clients to embrace changes, and craft a new paradigm of industrial digital transformation for a greater future.

At HUAWEI CONNECT 2020, the global leading ICT company also invited clients with great achievements in digital transformation to share their experience.

Chen Jinzu, General Manager of Shenzhen Airport Group, said that Shenzhen Airport is a pioneer in digital transformation, contributing in building a smart civic airport with the wisdom and experience of Shenzhen.

Tang Shaojie, General Manager of Shenzhen Metro Group, said that as the backbone of public transportation, Shenzhen Metro will facilitate station-city integration, high degree of amalgamation of multiple transportation modes across Shenzhen and the region, and joint-construction of the "Greater Bay Area on the track", with a smart city initiative.

In appreciating global partners for their efforts in driving business growth and shared success over the past years, Huawei has presented them with outstanding partner awards of 2020. These recognitions include the Excellent Global Channel Partner, Excellent Global Strategic Partner, Excellent Global Distributor, Excellent Global Industry Solution Partner, Excellent Global Talent Ecosystem Partner, and Excellent HUAWEI CLOUD Channel Partner. Meanwhile, Huawei has announced its declaration of industry ecosystem, that is to innovate and grow together for success together in the future.

HUAWEI CONNECT 2020 is an annual flagship event hosted by Huawei for the global ICT industry, and is being held in Shanghai from September 23 to 26, 2020. HUAWEI CONNECT is an open platform designed to help our customers and partners navigate these changes, share experience, and work together to create new value. At this year’s event, we will explore trends and opportunities in industry digitization; showcase advanced ICT technologies, products, and solutions; give you an insider’s look at the fruits of joint innovation; and share best practices in digital transformation. Our ultimate goal is to build an open and sound industry ecosystem that will benefit all stakeholders and create new value for all industries. For more information, please visit:

https://www.huawei.com/en/events/huaweiconnect2020/

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PR Newswire

Chung Yuan Christian University Launches the ViewSonic Hybrid Teaching Classroom

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TAIPEI, Sept. 23, 2020 — ViewSonic Corp., a leading global provider of digital education solutions, and Chung Yuan Christian University today launch the ViewSonic Hybrid Teaching Classroom. Located at Chung Yuan Christian University, this new form of the classroom can be used for live streaming and synchronous and asynchronous learning to achieve digitalized teaching activities. Realizing different types of digital teaching activities such as in-classroom, remote, and hybrid interactive teaching will help meet the educational needs in the post-pandemic era.

Located at Chung Yuan Christian University, ViewSonic Hybrid Teaching Classroom can be used for live streaming and synchronous and asynchronous learning to achieve digitalized teaching activities.
Located at Chung Yuan Christian University, ViewSonic Hybrid Teaching Classroom can be used for live streaming and synchronous and asynchronous learning to achieve digitalized teaching activities.

The ongoing COVID-19 pandemic has affected countries differently, and education across the world has been disrupted. Many teachers face situations where only a portion of their students are in class, with the rest joining remotely from other countries or locations. Having conducted a wide range of interviews with educational professionals and identified key pain points, ViewSonic offers the myViewBoard digital education platform in response to the challenges of this new teaching environment.

"Teaching has advanced to the digital realm; hybrid models combining in-class and online remote teaching are now possible. Such models will play a key role in helping students continue to improve and ensuring the quality of the education provided by schools," said James Chu, Chairman and CEO of ViewSonic.

K.C. Chang, President of Chung Yuan Christian University, stated that, "The establishment of the ViewSonic Hybrid Teaching Classroom combines ViewSonic’s expertise in educational technology and Chung Yuan Christian University’s rich experience in online teaching. Together we can deliver the software and hardware needed to simultaneously provide in-class teaching and online remote teaching, so that the bonds between teachers and students remain unbroken."

Chung Yuan Christian University has been implementing digital integration and online teaching for many years. It has been at the forefront of online teaching in Taiwan. With over 3,000 courses uploaded to the university’s online teaching platform, the university has been able to overcome distance-related challenges arising from the pandemic and has continued to provide educational services.

The ViewSonic Hybrid Teaching Classroom will be prioritized for students around the world who are learning Mandarin. In line with the spirit of the project, it will enable Taiwanese students majoring in Teaching Chinese as a Second Language and overseas Mandarin teachers to learn from and interact with each other via ViewSonic’s hybrid technology. It will set a model for the rest of the world in terms of teaching in real-time with high levels of interaction, unlimited expandability, and tremendous efficiency.

"In the coming semester, Chung Yuan Christian University’s Mandarin courses will be taught based on the hybrid format to build an open online university teaching model that allows for in-class interaction, online participation, and after-class revision," said Chang. In response to the global popularity of Mandarin, Chung Yuan Christian University in 2002 was the first school in Taiwan to open a department of teaching Chinese as a second language. Nearly 1,000 students have graduated from the department since then, including many from other countries. The department has thus been a critical training base for Mandarin teachers worldwide.

About ViewSonic

Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, digital signage, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 30 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers "See the Difference." To find out more about ViewSonic, please visit www.viewsonic.com.

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PR Newswire

Huawei and Intel Jointly Launch the Next-Gen FusionServer Pro V6 Intelligent Server

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SHANGHAI, Sept. 23, 2020 — Today, the event of Working Together to Drive New Value — FusionServer Pro V6 Launch held by Huawei was broadcast live globally. This event saw the official launch of the Huawei FusionServer Pro 2488H V6, the latest member to the FusionServer Pro product family. This is a showpiece product that displays a perfect combination of innovation and superior performance. It is built on Huawei’s commitment to industry partnerships for a prosperous computing industry, and marks a significant step to the rapid digital transformation of industries.

Empowering the Digital Age with High Performance

Kenneth Zhang, President of FusionServer Business, Huawei, spoke at length about how the computing industry needs to combine higher single-node computing power and density with intelligent O&M, to tackle the current challenges. "Improving server performance at the system level" Kenneth said, "along with high-density data center deployment and intelligent O&M, is essential for the development of the computing industry".

FusionServer Pro 2488H V6 Launch
FusionServer Pro 2488H V6 Launch

Huawei FusionServer Pro intelligent servers run on the x86 architecture to unlock powerful general and heterogeneous computing. The next-generation FusionServer Pro 2488H V6 houses four 3rd Gen Intel® Xeon® Scalable processors in a 2U space, with 48 DDR4 DIMMs and 11 PCIe slots for local storage. The intelligent server is equipped with the latest AI training and inference modules to unleash up to 560 TFLOPS computing power on a single node.

Intel is one of the most important global partners of Huawei, attending the launch event of the FusionServer Pro 2488H V6, where it demonstrated the latest Intel data center products. One such product was the 3rd Gen Intel® Xeon® Scalable processor. It provides AI acceleration and takes embedded AI performance to the next level with Intel® Deep Learning Boost (Intel® DL Boost) that supports the bfloat 16 format. The new generation product delivers 1.9 times higher inference performance than that of its predecessor. Intel offers memory technology in the form of the Intel® Optane™ persistent memory (PMem) 200 series to support real-time big data analytics. Running on the unrivaled configuration of the next-generation Intel processor, Huawei FusionServer Pro 2488H V6 delivers higher performance and better services for customers.

Advancing the Ecosystem with Close Collaboration

A thriving ecosystem supports technology and product development from the ground up. This explains why Huawei continues to develop ecosystems and advocates collaboration for mutual benefits. Kenneth Zhang noted that by working with Intel and other global partners, Huawei has built a broad portfolio of FusionServer Pro intelligent server products and solutions. "Thanks to our concerted effort, the FusionServer Pro collaborative ecosystem has flourished", Kenneth said.

Another set of diversified joint solutions is the Huawei SAP HANA solutions. These joint solutions consist of single-node, cluster, and TDI solutions and feature high performance, high reliability, and smooth scaling. The joint solutions are empowered by the Huawei FusionServer Pro series, allowing enterprises to accelerate their critical services, such as enterprise resource planning (ERP) and data warehouse, and quickly analyze key data to efficiently tap into the value of mass data.

Another speaker at the event was Li Peisong, Head of SAP Partner Adoption Center (SAP PAC) China, an important partner of Huawei. In his opinions, thanks to the close technical collaboration between SAP PAC and Huawei, the joint products are able to achieve high performance and serve as an IT platform that fully complies with the technical specifications of SAP.

Huawei FusionServer Pro series is highly regarded by other industry partners at the event. Leon Wang, Executive Director and CEO of Automated Systems Holdings Limited (ASL), a global solution provider listed on the Hong Kong Main Board, presented the benefits of Huawei FusionServer Pro intelligent server products. For Leon, ASL will partner with Huawei to drive their business to new heights, and create new value together.

New 5G, AI, and cloud technologies are making digital transformation a possibility. However, it does bring certain challenges, such as the requirement for diversified computing in every facet of the society. To embrace these challenges, Huawei will work with Intel and other global partners to fulfill the commitment to a global diversified supply system and supercharge the computing industry and ecosystem. Together, we will offer the premium FusionServer Pro intelligent server products and solutions for customers, providing unparalleled performance and a prosperous ecosystem that help industries move to digital.

HUAWEI CONNECT 2020 is an annual flagship event hosted by Huawei for the global ICT industry, and is being held in Shanghai from September 23 to 26, 2020. HUAWEI CONNECT is an open platform designed to help our customers and partners navigate these changes, share experience, and work together to create new value. At this year’s event, we will explore trends and opportunities in industry digitization; showcase advanced ICT technologies, products, and solutions; give you an insider’s look at the fruits of joint innovation; and share best practices in digital transformation. Our ultimate goal is to build an open and sound industry ecosystem that will benefit all stakeholders and create new value for all industries. For more information, please visit:
https://www.huawei.com/en/events/huaweiconnect2020/

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 194,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world.

Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go.

For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei 
http://www.twitter.com/Huawei
http://www.facebook.com/Huawei
http://www.google.com/+Huawei
http://www.youtube.com/Huawei

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PR Newswire

Surging Australian Wine Exports Powered by Accela

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New federal-level initiative marks the govtech SaaS leader’s first project with new strategic partner DWS and its second Microsoft Azure-hosted project in the APAC region 

SAN RAMON, California, Sept. 23, 2020 — Australia’s AUD2.84 billion wine export sector has recently gone live with a new SaaS licensing and approval system powered by Accela technology that will help regulate the wine export process for the burgeoning Australian wine sector.

The new Wine Australia Licensing and Approval System (WALAS) is projected to process more than 200,000 transactions from more than 3,000 wine exporters from around Australia each year. The system provides end-to-end processing and allows exporters to apply online for licenses and certificates, with greater control of their applications, including review and payment online in real-time and 24/7 access.

"Our team at Accela is excited about this groundbreaking effort to support Wine Australia’s transition of essential workflows online, promote efficiency gains, and regulate a critical market for Australia’s economic growth," said Khaled Jaouni, International Managing Director at Accela. "Our collaboration with DWS in the Australian market demonstrates the collective power of our best-in-class solutions to help agencies at the federal, state, and local levels better serve their citizens and deliver results, and marks a significant milestone in Accela’s commitment to the Asia-Pacific region as our longest-running international operation of over a decade."

Wine Australia is an Australian Commonwealth Government statutory authority that regulates, promotes, and supports a competitive Australian wine sector. Its implementation of Accela’s cloud technology reflects the scalability of the govtech leader’s solutions within emerging, non-traditional areas of regulation to serve thousands of end customers.

"Wine Australia’s new system to manage the country’s growing number of wine exports reflects our commitment to employing modern digital tools to better serve our grape and wine community," said Andreas Clark, CEO at Wine Australia. "Our new Licensing and Approval System will help deliver enhanced services to our sector and help provide critical infrastructure to keep Australian wine flowing to our international markets."

The project marks Accela’s first joint execution with strategic partner DWS Limited (DWS), one of the region’s leading providers of project management services, and Accela’s second Microsoft Azure-hosted implementation in the Asia-Pacific region.

"Australia continues to be a worldwide leader in leveraging modern technology with its focus on SaaS-solutions, and this new system matches the country’s innovation," said Stuart Whipp, DWS CFO and Head of M&A. "We are excited about the execution of our first project in partnership with Accela, which brings together our market-leading project management capabilities with their cutting-edge technology to provide maximum impact at the federal level."

The announcement builds on Accela’s international leadership as the company continues to drive impact with some of the world’s most forward-thinking governments to benefit 275 million citizens globally. In addition to its new solution with Wine Australia, Accela’s Civic Application for Alcoholic Beverage Control empowers government departments to harness the cloud to modernize alcoholic beverage control. The application includes tools to streamline previously paper-based processes such as liquor license application reviews, conduct on-site inspections, and automate the issuance of licenses, renewals, and license transfers. To learn more about Accela’s solutions, please visit https://www.accela.com/solutions/.

About Accela
Accela provides market-leading cloud solutions that empower the most innovative state and local governments around the world to build thriving communities, grow businesses and protect citizens. More than 275 million citizens globally benefit from Accela’s solutions, which are powered by Microsoft Azure, for permitting, licensing, code enforcement and service request management. Accela’s fast-to-implement Civic Applications, built on its robust and extensible Civic Platform, help agencies address specific needs today, while ensuring they are prepared for any emerging or complex challenges in the future. The company was recently recognized as a 2020 Microsoft US Partner Award winner for its innovative SaaS solutions to help governments respond to the COVID-19 pandemic.

Accela is headquartered in San Ramon, California, with additional offices around the world. For more information, visit www.accela.com.

About Wine Australia
Wine Australia supports a competitive wine sector by investing in research, development and adoption (RD&A), growing domestic and international markets, protecting the reputation of Australian wine and administering the Export and Regional Wine Support Package (ERWSP). Wine Australia is an Australian Commonwealth Government statutory authority, established under the Wine Australia Act 2013, and funded by grape growers and winemakers through levies and user-pays charges and the Australian Government, which provides matching funding for RD&A investments and funds the ERWSP.

About DWS Group:
DWS Limited, is an ASX listed, Australian group (ASX:DWS). Encompassing DWS, Symplicit, Phoenix & Projects Assured, the DWS Group provides a wide range of services including IT Consulting Services, Managed Application Services, Program & Project Management, Customer driven innovation, Digital Transformation, Data and Business Analytics, Strategic Advisory and Productivity and Robotic Process Automation. With offices in Melbourne, Sydney, Adelaide, Brisbane and Canberra, the DWS Group provides services to a broad range of blue-chip corporate clients, as well as Federal, State and Local Government agencies. The quality of DWS Group consultants enables organisations to design, develop, manage and maintain technology, business and customer centric solutions providing competitive advantage, streamlined operations, innovation and long-term success. For more information, visit www.dws.com.au.

Media Contact: Kate Helete, kate@riffcitystrategies.com

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PR Newswire

4by4 launches KEYCUTstock, a UHD stock footage platform with high-quality 4K, 8K or higher content library

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Quickly complete creative projects with hard-to-take footage and high-quality stock footage every time.

SEOUL, South Korea, Sept. 23, 2020 — With the spread of displays that can enjoy ultra-high-quality video content such as smartphones and TVs, 4K video is rapidly entering the center of the content market. As the demand for ultra-high-definition video content is soaring, video experts around the world are also moving quickly to secure high-quality 4K video content.

The main screen of KETCUTstock (official version)
The main screen of KETCUTstock (official version)

Among these, KEYCUTstock, a stock footage platform that provides high-quality and ultra-high-definition video content, is opening a new chapter and is focusing the attention of stakeholders. KEYCUTstock is a platform that specializes in providing only ultra-high-definition video content of 4K or higher, and provides various types of video libraries.

In particular, in a video production environment where location shooting has become exceedingly difficult, this is an opportunity to help continue the video production environment in the no-contact era by providing ultra-high-definition video over 4K.

KEYCUTstock provides industry-leading, high-quality, focused video content, and through the KEYCUT License, content can be used in any medium without restrictions. This provides users ultra-high-definition video content over 4K and 8K, and satisfies the needs of professional creators who create high-quality trendy videos by solving complex and difficult licensing issues.

4K, 8K video content provided by KEYCUTstock is separate to minimize the loss of information in the original (RAW) file and provides high-quality data with high bit depth and chroma subsampling information to customers. It is provided as a high-quality mastering codec that does not require image quality correction. This will further increase satisfaction by allowing professional creators such as digital content and advertisements to use the video immediately after purchasing the video without additional work and expense.

It is also spurring the development of customized video content recommendation services based on big data from video content usage patterns and purchase results of professional creators.

KEYCUTstock’s recommendation service predicts (filters) interest in specific video content based on the user’s video content evaluation information. It recommends collaboration-based filtering and metadata similar to the video content that users like. It is a hybrid recommendation system that combines content-based filtering that recommends video content with picture quality, codec, framerate and keywords.

KEYCUTstock’s exclusive deep-learning-based solution automatically improves the picture quality and levels.

Unlike existing stock footage platforms, it is also remarkable for its good influence in the market in that it is building an ecosystem centered on content creators. KEYCUTstock is providing artist-centered revenue distribution policies and various creative support services so that video content creators can focus more on their creative activities.

It sympathizes with the controversial problem of profit distribution and allows content creators to have the right to decide on pricing. This is expected to improve the quality of the content provided by KEYCUTstock, while contributing to the continuous revenue generation of content creators.

Jun-Ho Yun, CEO of 4by4, said, "4by4 is a visual tech startup composed of video quality experts with years of experience in producing and distributing high-definition video content. By doing so, we will lead the changing content creation market in the contact-free era.

Additional information

About the company

4by4 Inc: A visual tech startup with expertise in creating ultra-high-definition quality demo content and creating new media content. 4by4 has experience in producing LG OLED image quality demo contents at the world`s biggest and well-known trade show such as CES, IFA and ISE.

With this experience, 4by4 will empathize with the environment and difficulties of content production, understand the market, build an ecosystem centered on content creators, and launch KEYCUTstock, a 4K or higher ultra-high-definition stock footage platform.

KEYCUTstock website URL: https://www.keycutstock.com/ 
YouTube URL: https://www.youtube.com/channel/UCi1qthKDKfx36wL6ziwXyIg