Monthly Archives: December 2020

PR Newswire

Abracon Acquires Fox Electronics

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SPICEWOOD, Texas, Dec. 11, 2020 — Abracon LLC, today announced that it has acquired Fox Electronics, a privately held frequency control supplier headquartered in Fort Myers, Florida.

Mike Calabria, President and Chief Executive Officer stated, "We are very excited about the addition of Fox Electronics to Abracon’s industry leading offering of Frequency and Timing products. Fox Electronics is a well-recognized brand that customers have become familiar with over the past 40 years. Fox Electronics’ leading-edge knowledge and product insight are excellent additions to Abracon. Abracon continues to execute on its acquisition strategy to expand its portfolio of brands with Fox being added to the Abracon brands of ILSI, Ecliptek, MMD and Oscilent. With the acquisition of Fox Electronics, Abracon will be able to further expand its Timing and Frequency portfolio. By integrating Fox Electronics’ range of products into Abracon’s existing portfolio, Abracon will strengthen its ability to provide the latest technical design support and global supply chain flexibility to solve customers’ unique challenges of today."

Gene Trefethen, President of Fox Electronics stated, "The Fox Team looks forward to combining our history of product development with the Abracon market position and extensive sales resources. We are proud of Fox Electronics’ 41-year history.  Since the early 1990"s Fox has focused on US innovation for the Frequency Control Market – being first with the series of quick turn crystal oscillators, continuing to provide performance enhancements with careful design iterations,  followed by our recent development of Vibration Resistant Crystals (C3VR and the automotive version C3VA) focused toward telecom, automotive and military markets." 

Going forward, Abracon will actively support the integration of all Fox Electronics product lines as well as the superior customer service and quick delivery times customers have come to know with Fox Electronics.

About Abracon, LLC 

Founded in 1992, Abracon, LLC is an industry leader in passive components, providing specialized timing/ frequency control, magnetic/ inductor, RF/ antenna and connectivity solutions through a global distribution network.  Abracon has design and application engineering resources in Texas and sales offices in Texas, California, Mainland China, China Taiwan, Singapore, Scotland, India, Israel, Hungary, UK and Germany. Abracon’s products are offered through its industry leading global distribution network.

With service, quality and technical expertise at the company’s core, Abracon enables innovative, connected IoT solutions in markets spanning data communication, transportation, industrial, medical, aerospace, defense and beyond.  

About Acquired Brand 

Headquartered in Fort Myers, Florida, Fox Electronics has long exceled in product innovation. They have also delivered personal, knowledgeable customer service that answers complex technical questions and provides efficient and customized solutions to all design needs. The privately-owned company has proudly fulfilled technological demands for multiple industries, including automotive, IoT, communications, networking, medical, and military among many others, offering everything from standard off-the-shelf to custom manufactured products. This leading-edge knowledge and product insight.

For further information or comments, please contact marketing@abracon.com.

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https://abracon.com/

PR Newswire

Ombori and Bambuser Enter Strategic Partnership for Digital Omnichannel Experiences – Launching Virtual Queuing System

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Partnership combines live streaming with seamless display and mobile experiences in public environments to delight visitors and build relationships with brands

STOCKHOLM, Dec. 11, 2020 — Interactive live shopping provider Bambuser and interactive retail technology company Ombori today announce a strategic partnership to jointly launch the next generation of digital store experiences.

For several years, retail has faced new challenges and changed at a rapid pace. As a consequence of the ongoing pandemic, that pace of change has increased dramatically, exposing today’s retailers to the immediate need to transform their stores for imminent consumer needs, behavioral changes, and trends.

Ombori Grid is a platform that powers digital experiences in physical spaces by offering ready-to-use, customizable, modular solutions for interactive screens and mobile devices in-store. One-to-One is a SaaS solution and part of Bambuser’s Live Video Shopping suite that allows retailers to offer highly-personal live streaming interactions with experts from across store locations to shoppers directly via mobile, tablet, or computer.

Ombori and Bambuser have today teamed up to offer the next generation of innovative solutions to support retailers in their ambitions of creating seamless omnichannel experiences. The new partnership combines Ombori’s re-usable architecture’s strength and flexibility that bridges Cognitive Services, IoT, Mobile Phones, and Digital Signage with Bambuser’s proprietary live streaming solutions.

By using Omni-queue, the store staff can handle a combination of physical and online visitors in the same queue, which creates efficient use of staff resources. At the same time, a visitor can easily be switched to an online specialist in a different location (eg, in another store or working remotely) to give them the best possible service. The companies’ first joint customer is Kjell & Company, one of Scandinavia’s leading consumer electronics retailers.

Andreas Hassellöf, CEO of Ombori, said, "Together with Bambuser, we will offer the market’s most efficient omnichannel solution for gaining and retaining customers. The entire workflow will be automated, which creates a friction-free process and a clear overview of the workload throughout the chain. This leads to more productivity, increased customer satisfaction, and hence profitability."

Maryam Ghahremani, CEO of Bambuser, said, "By integrating our technology with Ombori, the retailer will have an easy-to-use system that the staff uses. They just need to `call on the next customer,’ and the system selects the right visitor, whether it is a digital ticket, a paper ticket, or a pre-booked visit. The connection between Ombori and Bambuser is super strong because then the employee can work in the same queuing system, regardless of whether it is a physical customer visit or an online visit."

Martin Knutson, CTO of Kjell & Company, said, "We always strive to create the best possible experience for our customers. Together with Bambuser and Ombori, we will transform our online queue system into a new central Omni-queue. We look forward to having all our customer interactions regardless of channel in a customized and streamlined system where all our resources, online and offline, can build and support each other."

Bambuser, Ombori, and Kjell & Company will make a joint appearance at Ombori’s Special Event today at 5 PM CET (8 AM PT, 11 AM ET) that will be broadcasted here: https://youtu.be/Y_EpQ8B2OKk

Contact information
Maryam Ghahremani, CEO Bambuser | +46 8 400 160 02 | press@bambuser.com
Andreas Hassellöf, CEO Ombori | +46 77 586 80 00 | andreas@ombori.com

Bambuser is a software company specializing in interactive live video streaming. The Company’s primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm. Erik Penser Bank AB is Bambuser’s Certified Adviser.

Ombori, headquartered in Stockholm, Sweden, creates interactive technology for retailers worldwide. These include in-store kiosks and installations, payment systems, digital signage, sales support tools, and mobile apps. It has clients in Europe, the Middle East, Asia, and the USA.

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

https://news.cision.com/bambuser/r/ombori-and-bambuser-enter-strategic-partnership-for-digital-omnichannel-experiences—launching-virt,c3252628

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PR Newswire

Adyen and Microsoft Launch Network Token Optimization

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By collaborating with Adyen on Network Token Optimization, Microsoft saw positive growth in authorization rates

AMSTERDAM, Dec. 11, 2020 —  Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, expands its collaboration with Microsoft to accelerate payments innovation for both companies with the launch of Adyen Network Token Optimization. Adyen is one of the first payment platforms to enable tokenized payments across multiple schemes and to offer automated optimization of the use of tokens to increase authorization rates. By adopting Network Token Optimization, merchants like Microsoft are able to realize significantly more revenue due to increased authorization rates.  

"Customer experience is at the center of everything we do, and when it comes to the payments process it’s about making it faster, simple and secure," said Matt Rossmeissl, Vice President of Commerce Engineering Operations at Microsoft. "Product innovation is at the core of what we do at Microsoft and Adyen’s Network Token Optimization is a factor in driving better authorization rates and customer satisfaction."

Adyen and Microsoft have been working together since July 2015, starting with European acquiring. Today, Adyen processes payments for Microsoft globally, across all Microsoft products and services. Microsoft utilizes multiple Adyen products in addition to Network Token Optimization, including Real-time Account Updater to ensure a seamless consumer shopping experience by always charging the most up to date card. Adyen also supports various local payment methods in a number of countries for Microsoft, including U.S.-based debit networks, a more recent Adyen development.

"We always build products with a focus on our merchants and their end customers, and Microsoft pushes us to help create better global solutions. We have benefited from Microsoft’s consistent desire to provide better experiences for their customers," said Kamran Zaki, COO at Adyen. "At the forefront of innovation, the Microsoft team is always willing to act as an early adopter for many of our new products and features. We work together every day to create positive shopping experiences for Microsoft customers, and are excited to see what we will create next."

About Adyen

Adyen (AMS: ADYEN) is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L’Oreal. The cooperation with Microsoft as described in this merchant update underlines Adyen’s continuous growth with current and new merchants over the years.

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PR Newswire

BPC expands offering with SmartVista digital banking app solution

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White label solution empowers banks and fintechs to roll out app-based digital and mobile banking services fast

Solution boasts chatbot text-to-speech feature to boost customer engagement in the digital era

LONDON, Dec. 11, 2020 — BPC, the leading provider of digital payment solutions, has unveiled its new mobile and digital banking app solution, designed to provide banks and fintechs with a comprehensive set of features that go beyond traditional banking. The app solution offers ease of use and fast implementation for banks that wish to accelerate their digital transformation and fintechs that need to go to market fast.  

Developed in house, the new app ultimately fulfils BPC’s promise to ‘bridge real life to digital’ in a contactless manner for its customers. In response to the digital banking boom during the pandemic, the app is built to serve all segments from retail customers and merchants, to agents in both mature and emerging markets, allowing them to quickly access the digital economy. The app comes with white label UX templates for institutions to style and brand the user interface as well as configurable process flows, making for a true end-to-end digital experience.

BPC’s SmartVista app is built to give financial institutions the tools to boost customer engagement, drive customer loyalty and generate new revenue streams from cross and up selling.  

Key features of the new SmartVista mobile banking app include:

  1. Chatbot with Speech-to-Text Features: enabling customers to securely transact voicing queries or give instructions to the app, creating conversational, frictionless interactions that boost engagement.
  2. Personal Financial Management: taken to the next level with management on a daily, weekly or monthly basis, using personalised alerts and limits, built to offer personalised control of financial health for customers.
  3. QR Code Payments: available to customers and merchants, offering static and dynamic QR support and the ability to handle multiple QR codes, a feature in rising demand since the start of the COVID-19 pandemic.
  4. A unified merchant and agent banking app: which creates a dual experience, from accepting payments for retail purchases to offering agent banking services on behalf of a financial institution.
  5. Trading and Investment: delivered through open APIs, to integrate with any third-party investment app or local exchange house to gather trade information within one single banking app. Customers can grow their earning capabilities, while providing new revenue generation activity for financial institutions.
  6. Goals and Loyalty: help customers make the most out of their money. Customer goals such as saving for a dream car, house, education or holiday destination are smartly blended with loyalty features, making it possible for financial institutions to expand their business models and expose partners at the right time and location, while staying relevant to the customer and their needs.

Oleg Patsiansky – Head of Digital Banking at BPC commented: "A free card and a bank account are not sufficient to attract new customers. Relevance is the new ‘killer app’ and we are proud of our new mobile banking app, which has been inspired by our eclectic experience in serving tier one banks to fintechs in over ninety countries. The app blends all of our expertise in banking, mobility and commerce into a contextual experience wrapped around each individual customer and his or her private/business needs. Today’s modern technology makes it possible to create contextual and thus relevant experiences for BPC clients and their end users around the world."

Find out more about BPC’s SmartVista digital banking app solution here.

 

PR Newswire

ViewSonic Provides QHD Support for Next-Gen Consoles

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BREA, California, Dec. 11, 2020 — ViewSonic Corp., a leading global provider of visual solutions, today announced visual display solutions to support console gamers. With the recent launch of the PS5 console, and its lack of 1440p resolution output support, an urgent need arose among gamers. According to Sony, users will not be able to output a native 1440p signal, putting initial launch focus on 4K TV gamers. For hybrid (PC/console) gamers with QHD monitors, this results in downscaling to 1080p without a viable solution to experience high-resolution gameplay that is compatible with their current hardware.

By optimizing several QHD gaming monitors, ViewSonic effortlessly supports 4K signals, enhancing your experience of gaming
By optimizing several QHD gaming monitors, ViewSonic effortlessly supports 4K signals, enhancing your experience of gaming

In order to give past and present gamers the best experience possible, ViewSonic has optimized several QHD gaming monitors to effortlessly support 4K signals, while auto-downscaling to QHD resolution. This provides gamers with the best experience, without needing to activate troublesome modes, or complicated software.

ViewSonic Gaming Monitor Support List

  • Elite XG270QC
  • Elite XG270Q
  • VX2768-2KPC-mhd
  • VX3268-2KPC-mhd
  • VX2705-2KP-mhd/VX2768-2KP-mhd
  • XG2705-2K

ViewSonic is committed to providing continuous support for gamers worldwide, being on the forefront of fast-evolving gaming technology.

For additional news and information about ViewSonic ELITE, visit the website, and follow on Instagram, Twitter and Facebook. To find out more about ViewSonic, visit ViewSonic.com and follow on Facebook, YouTube and Twitter.

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 the 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.

*Program, pricing, specifications, and availability are subject to change without notice

This news release contains forward-looking statements that reflect the Company’s expectations with regard to future events. Actual events could differ significantly from those anticipated in this document. Trademark footnote: ViewSonic and the ViewSonic trademarks are trademarks or registered trademarks of ViewSonic Corporation in the United States and/or other countries. All other corporate names and trademarks stated herein are the property of their respective companies.

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PR Newswire

FlexRule Named a Contender by Independent Research Firm in Digital Decisioning Platforms Report

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MELBOURNE, Australia, Dec. 11, 2020 — FlexRule, a leading provider of end-to-end decision automation platform, has been named a contender in The Forrester Wave™: Digital Decisioning Platforms, Q4 2020. 

Digital Decisioining Platform
Digital Decisioining Platform

"In addition to authoring decision logic that can be used anywhere, enterprises can approach using FlexRule from multiple angles, whatever business requirements call for — automating processes (such as robotic process automation) or building net-new applications — all centered on decision logic." – The Forrester Wave™: Digital Decisioning Platforms, Q4 2020

According to Forrester, "Digital decisioning platforms (DDPs) allow application development and delivery (AD&D) pros to combine the best of human decision logic with the best of AI to implement application-embedded automated decisions, i.e., digital decisions."

FlexRule was among 13 digital decisioning platform companies to be evaluated in this report based on current offering, strategy, and market presence. Forrester evaluated FlexRule™ Advanced Decision Management Suite, an end-to-end decision automation platform that provides decision authoring and decision intelligence capabilities to enable companies to embrace changes and ensure operational decisions are optimized, customer-centric, and situation-aware.

Forrester notes that "FlexRule has strengths in decision intelligence and collaboration. It stands out for its all-in-one decision and automation tools to quickly build applications. FlexRule also stands out with its capability to chain decisions together (it calls this capability "decision graphs"); create long-running decisions, where parts of decision logic allow for some other process to respond to a request asynchronously; and create semi-automated decisions, where human intervention may be necessary at any point."

FlexRule provides end-to-end decision automation powered by the decision-centric approach which is the core of digital decisioning that enables organizations to make optimized, customer-centric, and situation-aware decisions.

Arash Aghlara, CEO FlexRule, says, "Our all-in-one digital decisioning platform powered by decision-centric approach as a methodology empowers and guides organizations to adapt to changes effectively and efficiently. This ensures businesses will break the barrier of scaling in uncertain situations and changing environments."

About FlexRule

FlexRule is a leading provider of both end-to-end decision automation technology and the decision-centric approach, as its methodology to guide organizations through the journey of adapting to changing business requirements with effective and efficient decision automation solutions. FlexRule™ Advanced Decision Management Suite has delivered game-changing business results across many industries such as finance, healthcare, energy, insurance, banking, telecom, security & risk management, technology & consulting, and supply chain & logistics.

Website: www.flexrule.com
Linkedin: https://www.linkedin.com/company/flexrule

Press Contact

Goli Tajadod
FlexRule Pty Ltd
Goli.tajadod@flexrule.com 
+61468712944

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PR Newswire

Pinterest Predicts the trends that will shape 2021

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Visual discovery engine unveils trend predictions across top categories including wellbeing, beauty, fashion, home, food, travel, parenting, and more

SINGAPORE, Dec. 10, 2020 — Pinterest, Inc. (NYSE: PINS) Pinterest, the visual discovery engine that people use to find inspirations for their lives, is announcing Pinterest Predicts, an annual trend report that looks ahead to the biggest trends of the upcoming year.

Pinterest Predicts the trends that will shape 2021
Pinterest Predicts the trends that will shape 2021

With more than 400 million people around the world using the platform each month to discover new ideas and bring them to life, people turned to Pinterest in 2020 for guidance and inspiration on navigating their lives during the global pandemic. From this historic year came new behaviours that Pinterest analysed to predict the top trends to watch for the year to come. These insights are not-yet-trending but will become the next-big-thing tomorrow.

Please find the full list of 2021 trends, based on emerging searches with increases compared to last year, at Pinterestpredict.com, and here a selection of the leading trends.

Wellbeing: Sleep time is the new "me" time

From home goods just for sleep to bedtime exercise routines, people will bring intention to more restful regimens.

Increase in searches year over year for: 

  • Sleep workout 3x
  • Sleep blends for diffuser +80%
  • Sleep yoga +90%
  • Silk sleepwear +60%

Beauty: Minimal skincare is the new glow up 

A new "effortlessly chic" skincare routine is simple and sustainable.

Increase in searches year over year for: 

  • Glowing skin how to get naturally +4x
  • Face yoga exercises +4x
  • Homemade skin care +110%
  • Natural everyday makeup +180%

Fashion: Make it is the new work it 

Gen Z will take personalization to the next level with making their own everything, from painted-on denim to custom crewneck sweatshirts.

Increase in searches year over year for:

  • Jean painting ideas +3x
  • Reworked clothes +6x
  • Custom hoodies +130%
  • Tote bag design diy +115%

Home: Shelfies are the new gallery walls

People will be collecting and investing in eye-catching appliances, from colored glassware to handmade clay plates.

Increase in searches year over year for:

  • Kitchen floating shelves décor +130%
  • Copper cookware +35%
  • Colored glassware +135%
  • Clay plates +105%

Food: Kitchen is the new Michelin

Chef-inspired meals, food plating techniques and garnishes are all trending up. 

Increase in searches year over year for:

  • Bread art +130%
  • Food garnishes +55%
  • Food plating +105%
  • Tea recipes homemade +60%

Travel: Nomadding is the new jet-setting

Whether seeking a sky full of stars or a field full of flowers, people will be planning national park road trips, trading city life for a rental cabin in the woods and using remote work as an excuse to explore the great outdoors.

Increase in searches year over year for: 

  • Nomad aesthetic +80%
  • Motorcycle tent +100%
  • Wild flower field +165%
  • Couple stargazing +165%

Parenting: Planet is the new playground

Save the planet, but make it fun. In 2021, parents will entertain kids while they educate them and make art with what they already have.

Increase in searches year over year for: 

  • Art education projects +35%
  • Outdoor education + 85%
  • Cardboard toys +85%
  • Pencil shaving art for kids +115%

Finance: CEO is the New DIY  

People will tap into their entrepreneurial side and use Pinterest to bolster their business. Branding ideas, podcast tips and small business ideas will all be high in demand this year.

Increase in searches year over year for:

  • Small business ideas +90%
  • Branding your business +105%
  • Podcast design +130%
  • Entrepreneur motivation +2x

Celebration: Planning is the new love language 

Pinterest users are planners, and now they’ll be planning even the smallest celebration moments for the people they love, from movie nights to monthly anniversaries.

Increase in searches year over year for:

  • Monthly anniversary message for girlfriend +145%
  • Anniversary box for him +80%
  • Movie date night at home +110%
  • Death to my 20s party +3x

These insights tell what people are inspired and will accomplish in the year ahead. Full list of 2021 trends is available on Pinterest Business.

About Pinterest

Pinterest is a visual discovery engine people use to find inspiration for their lives, including recipes, home and style ideas, travel destinations and more. People have saved more than 240 billion Pins across a range of interests, which others with similar tastes can discover through search and recommendations. Headquartered in San Francisco, Pinterest launched in 2010 and has more than 400 million monthly active users around the world. Available on iOS and Android, and at pinterest.com.

PR Newswire

[ Ending poverty in China: Data speak ] China’s achievements in poverty alleviation

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BEIJING, Dec. 11, 2020 — A video by China.org.cn on how China succeeded in eradicating poverty, what methods China used to reduce poverty, and what achievements China gained so far.

 

China has seen one people shaking off poverty every 2.24 seconds since 2012, faster than global average and 10 million more than the population of Germany.

The annual input of poverty alleviation funding from the central government increased by 100 billion yuan (US$14.3 billion).

From 2013 to 2019, the disposable income of the rural poor increased by 19.7%, and 2.2 percentage points higher than the national average over the same period.

Over 57 million rural people moved into safe houses; Ten million poor people relocated to new communities; About 6,000 people moved out of the mountains every day; The rural per capita housing area expanded fivefold.

All villages in impoverished areas could be accessed by paved roads; All villages within the coverage area of large power grids had access to electricity; Almost all villages had broadband coverage.

Almost all are covered by universal health insurance.

Over 95% of impoverished counties help maintain the school retention rate.

All rural residents living below the current poverty line will be lifted out of poverty by 2020. China will achieve the Sustainable Development Goal on eradicating extreme poverty 10 years ahead of schedule.

[ Ending poverty in China: Data speak ] China’ s achievements in poverty alleviation

http://p.china.org.cn/2020-12/10/content_76997814.htm

 

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PR Newswire

Global utility token OKB teams up with crypto payments service NOWPayments

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VICTORIA, Seychelles, Dec. 10,  2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has joined forces with noncustodial crypto payment services provider NOWPayments.The partnership allows holders of OKB — the global utility token issued by the OK Blockchain Foundation — to make fast and easy payments online using their OKB. 

Starting on Dec. 15, 2020, users will be able to exchange their OKB for goods and services from any of the online merchants partnered with NOWPayments.

NOWPayments is a noncustodial crypto payments service that enables businesses to accept instant online payments in 50+ cryptocurrencies, now including OKB. The platform also supports automatic coin conversion, enabling merchants to accept any cryptocurrency of their choice and receive instant payment notifications when they do. By joining forces with OKB, NOWPayments will leverage the OKEx exchange as its main venue to obtain liquidity.

NOWPayments provides merchants with a variety of tools that are designed to make cryptocurrency payment processing easier and faster. Featured among these are its easy-to-use API, invoices, widget, buttons and plugins for WooCommerce, Opencart, WHMCS, Magento 2 and more.

OKEx CEO Jay Hao said in a statement regarding the partnership:

"We are thrilled to continue to provide value to OKB holders and give them more opportunities to spend their OKB in real-world scenarios. NOWPayments is beginning to establish itself as one of the easiest crypto payment platforms for merchants to integrate and it allows its growing partner network to easily accept payments in more than 50 cryptocurrencies." 

He added: "Using OKEx as its main source of liquidity is a great step forward for increasing growth and adoption of NOWPayments, and the value and utility of OKB as well."

This latest partnership creates further opportunities for holders to spend their OKB easily online at a variety of merchants. It also builds on the extensive network of application scenarios that are available to OKB holders, covering a wide range of services from loans and mortgages to tourism and entertainment, trading services to social networking — all available using OKB as payment.

In addition to OKB’s increasing utility outside of the OKEx exchange, OKB holders can also enjoy expanded privileges on the OKEx platform. These include discounted trading fees, exclusive early access to OKEx Jumpstart Mining initiatives, P2P lending, OKB margin trading, OKB Saving and many more.

About OKEx

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

PR Newswire

5G and Wi-Fi 6 to Disrupt Communication Protocols of Building Automation Systems

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Emerging wireless technologies and ‘Everything over IP’ approach will have a major impact on the market, finds Frost & Sullivan

SANTA CLARA, Calif., Dec. 10, 2020 — Frost & Sullivan’s recent analysis, Advancements in Communication Protocols Transforming Building Automation Systems (BAS), finds that open communication protocols help BAS provide better interoperability and connectivity among connected devices than proprietary protocols. Features such as scalability, networking flexibility, and interoperability offer smoother integration of third-party devices to the BAS network. With multiple proprietary communication protocols, the lack of a common communication standard among devices and systems is one of the major challenges hampering the market growth. Non-traditional building automation communication protocols are emerging due to the increase in IoT devices. Therefore, leading players are now working toward developing IP-based communication standards that can work alongside the existing communication standards.


For further information on this analysis, please visit: http://frost.ly/4tn. 

"5G and Wi-Fi 6 will have a major impact on the connectivity of building technologies and are likely to accelerate the growth of IoT. 5G can provide greater accessibility when managing buildings more remotely, and Wi-Fi 6 can provide faster data transfer speed between devices and enhance device performance at low energy utilization standards," said Harikrishnan Manoharan, Senior Research Analyst, TechVision at Frost & Sullivan. "On the other hand, the emergence of IoT in BAS has somewhat blurred the lines of traditional networking standards. Protocols such as LoRaWan, MQTT, OPC-UA, and IQRF remove the need for all the IoT devices to be physically connected to the same network in the BAS and allow limitless connectivity and expansion scope."

Harikrishnan added, "One of the key communication trends in the industry is the ‘Everything over IP’ approach, which provides high levels of standardization, reliability, and availability in building automation communication standards. Leading industry players are, therefore, working toward developing IP-based communication standards that can work alongside the existing communication standards. Initiatives such as Project Connected Home over IP, IP-Blis, and the recent strategic partnership between Cisco and Schneider Electric are a few examples."

Ongoing smart building or green building development initiatives and facility managers focusing on improving the tenant experience are factors driving the adoption of emerging technologies. The following growth opportunities should also be considered:

  • Building automation service providers need to consider IP-based communication standards as they help access multiple channels for communication.
  • BAS suppliers and connected device manufacturers need to increasingly focus on enabling IP as the standardized communication protocol to improve interoperability between devices without complex and expensive gateways.
  • New product innovation and integration should be leveraged to their full potential to introduce efficient products in the market and stay competitive.
  • Considering the possibilities in emerging technologies, building automation suppliers must partner with reputed and reliable system integrators and acquire innovative startups to bring best-in-class solutions to the BAS market.

Advancements in Communication Protocols Transforming Building Automation Systems is the latest addition to Frost & Sullivan’s TechVision research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Advancements in Communication Protocols Transforming Building Automation Systems
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Media Contact:
Priya George,
Corporate Communications
M: +91 98403 55432; P: +91 44 6681 4414
E: priyag@frost.com 

 

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