Yearly Archives: 2020

PR Newswire

ChipMOS to Present at 21st Credit Suisse Asian Technology Conference.

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HSINCHU, Sept. 1, 2020 — ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today announced that it will present at the 21st Credit Suisse Asian Technology Conference to be held virtually from Wednesday, September 9 to Friday, September 11, 2020.

Management from the Company, including Jesse Huang, Vice President of Strategy and Investor Relations, will meet virtually with institutional investors to discuss the Company’s recent financial results, business trends and growth opportunities.  The Company’s latest investor update is available on the investor relations’ section of its website at www.chipmos.com.

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors, including the potential impact of COVID-19. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

 

Related Links :

https://www.chipmos.com

PR Newswire

GEN inCode Announces Completion of £3M Institutional Foundation Fundraise

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OXFORD, England, Sept. 1, 2020 — GEN inCode UK Limited, the privately-owned artificial intelligence cardiovascular disease company focused on the prevention of cardiovascular disease, announces today the completion of a £3.0M institutional fundraise to internationally scale its products and technology.   

GEN inCode specializes in genetic risk assessment and the prediction of cardiovascular disease. Cardiovascular disease (CVD) is a broad disease classification including coronary artery disease, such as angina and myocardial infarction, often referred to as "heart attack". CVD also includes stroke, heart failure, hypertension, venous thromboembolism and other vascular heart diseases. CVD is the leading cause of death and disability worldwide accounting for one in every four deaths in the United States. By 2030, the total global cost of CVD is set to rise from approximately US $863 billion in 2010 to US $1,044 billion and is both a major health issue and global economic burden.

GEN inCode’s CE marked invitro-diagnostic products provide genetic information to enable patients, doctors and healthcare practitioners to assess and predict the onset of CVD. The Company’s products and ‘cloud-based’ reporting system help inform healthcare practitioners and patients of their CVD risk, enabling behavioural change alongside delivery of the most effective course of treatment. 

GEN inCode has amassed significant investment in over 15 years’ worth of research data and the development of products and algorithms to assess disease risk and prevent the onset of CVD. In September 2018, the Company acquired the products, assets and know-how of the Ferrer inCode and the Gendiag.exe businesses, then part of The Ferrer Group, a large pharmaceutical and healthcare multinational company with headquarters in Barcelona, Spain. GEN inCode has now received institutional funding from Maven Capital Partners and Downing to expand its operations in Europe, the UK and U.S.

GEN inCode’s vision is to educate patients about their cardiovascular risk and to improve public health by using the predictive capability of its products with targeted therapies to determine lifestyle choice and improve patient outcomes.

Matthew Walls, Chairman and CEO, said: "We are delighted to complete the institutional round of funding and welcome Maven and Downing, our new institutional investors. The funding will prepare the Company for accelerated growth and international scale and supports our regulatory and clinical pathway into the U.S. market. We look forward to advising the market on our progress and further milestones in due course."

Jordi Puig, Co-founder and Group COO, said: "This marks another milestone in the development of our Company and prepares us to rapidly scale our products and technology across our European business."

Enquiries:

GEN inCode UK Limited

Matthew Walls

Tel +44 (0)7887 501998  

www.genincode.com

About GEN inCode:

GEN inCode is a UK-based company specializing in cardiovascular disease risk. Cardiovascular disease is the leading cause of death and disability worldwide.

GEN inCode UK Limited operates business units in Europe and Latin America through GEN inCode S.L.U., and in the United States through GEN inCode U.S. Inc.

GEN inCode’s predictive technology provides patients and physicians with globally leading preventative care and treatment strategies. Our CE marked invitro-diagnostic molecular tests combine clinical algorithms and artificial intelligence to provide advanced patient risk assessment to predict disease onset.

PR Newswire

ASTRI welcomes Graduate Programme 2020 participants, giving talented students a unique opportunity to launch career in an R&D environment

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HONG KONG, Sept. 1, 2020 — The Hong Kong Applied Science and Technology Research Institute (ASTRI) welcomes our new recruits for the Graduate Programme 2020, a unique opportunity for university graduates to launch their careers in a research and development environment, in particular one with a mission to deliver impactful solution to our industry and our society.

ASTRI Chairman Ir Sunny Lee Wai-kwong says: "Creating a bridge of talent is vital to a vibrant innovation and technology (I&T) ecosystem and, through its collaboration with various stakeholders in society, ASTRI has proven its commitment to nurturing the great young minds of applied research of the future."

Hugh Chow, Chief Executive Officer of ASTRI, adds: "We are delighted to welcome our new recruits and believe the perseverance and application they have already shown in their studies will help us to continue our mission to bring lasting impact to society through award-winning technology."

The Graduate Programme 2020 has given one-time, two-year full-time job positions to students leaving universities and higher education institutes in Hong Kong in 2020. They will support our award-winning scientists working on cutting-edge innovations in a multicultural environment with more than 500 talented R&D engineers and specialists.

The programme is among ASTRI’s many commitments to developing talent in the I&T sector. Working with the Hong Kong Monetary Authority, we launched the FinTech Career Accelerator Scheme in 2016, aiming to cultivate the future talent necessary to sustain Hong Kong’s banking, finance and business services, as well as preserving our city’s competitiveness as an international finance hub. Students receive an internship at financial institutions or technology companies and in the past four years, more than 500 have taken part. This year, the HKMA received more than 1,400 applications, nearly twice as many as last year.

ASTRI also offers a three-month blockchain accelerator programme, in partnership with the Hong Kong Science and Technology Park and Molecular Hub, as well as summer internships, which took in 42 students at universities across the world in 2020.

About ASTRI

The Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong’s competitiveness in technology-based industries through applied research. ASTRI’s core R&D competence in various areas is grouped under five Technology Divisions, namely Artificial Intelligence and Big Data Analytics, Communications, Cybersecurity, Cryptography and Trusted Technologies, Integrated Circuits and Systems, and IoT and Sensors. Five areas of applications including Smart City, Financial Technologies, Intelligent Manufacturing, Health Technologies, and Application Specific Integrated Circuits.

Over the years, ASTRI has nurtured a pool of research, I&T talents and received numerous international awards for its pioneering innovations as well as outstanding business and community contributions. To date, ASTRI has transferred more than 750 technologies to the industries and owns nearly 850 patents in the Mainland, the US and other countries.

For further information, please visit www.astri.org.

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PR Newswire

Flujo PowerEdge: World’s First Monitor Stand with Modular USB-C Multifunction Docking Station launches on Kickstarter

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SINGAPORE, Sept. 1, 2020 — A year after the debut of the first integrated USB-C Hub and SSD enclosure, Flujo has returned to unveil its next crowd-funded product. The world’s first monitor stand with a modular USB-C Hub will launch on Kickstarter this August. As businesses around the world explore the possibility of remote working, Flujo PowerEdge may become the next addition to home workspaces as we adjust to the new normal.

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PowerEdge
PowerEdge

The PowerEdge is a monitor stand with a detachable USB-C hub, designed to expand connectivity options at home and offer mobility of portable USB-C hubs, useful whenever users want to take their work outside. It comes with a large variety of ports – two USB-A 3.0 ports, one HDMI port, one USB-C port, SD and microSD card slot, an audio jack, one Ethernet port, and a VGA port. Here are the specification at a glance:

Outputs: 

  • HDMI 2.0: 4K@30Hz
  • SD/MicroSD: Up to 104Mbps
  • USB-A 3.0 x 2: Up to 5Gbps
  • USB-C: Power Delivery of 60W Max
  • Audio: 3.5mm
  • RJ45 (Ethernet): 10/100/1000 Mbps
  • VGA: 1080P

Input: USB-C (Bus Power)

Cable Management
Cable Management

The PowerEdge is equipped with most of the essential ports needed for remote working: 2 USB-A 3.0 ports for file transfer, a USB-C port for device charging, SD and MicroSD card slots for data transfer from a phone or camera, an Ethernet port for stable internet connections, and a basic audio port for sound. The HDMI output can handle a display at 4K 30Hz, enabling users to enjoy gorgeous displays on a 4K screen. The PowerEdge also comes with a VGA port, a nod to the fact that many office monitors still have VGA connections.

Easily assembled and without the need of tools, the PowerEdge provides a comfortable viewing height for monitors and laptops, encouraging good posture and reducing neck strain associated with long hours of sitting. It features a cable holder to aid with the possibility of messy cables sticking out from behind the ports. With the trend in Apple accessory design, the Power Edge is made of aluminum to match the aesthetics of users’ iMac or Macbook.

Ports
Ports

The Kickstarter exclusive will be priced at SGD158 for early bird space, limited to the first 80 units. Be among the first to get the PowerEdge, now available on Kickstarter.

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PR Newswire

North Star Imaging Moves To A Purpose-Built Imaging Facility In California

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An Expanded Industrial X-ray Inspection Services Business in Aliso Viejo

ALISA VIEJO, California, Sept. 1, 2020 — North Star Imaging is proud to announce the move of its West Coast Inspection Services business to a much larger testing facility in Aliso Viejo, California. The new facility provides more space for expansion, more warehousing for larger parts to be brought in for x-ray scanning services, and more room to introduce new innovations as the business continues to grow.

North Star Imaging West Coast – 25 Journey Street, Aliso Viejo, California. USA.
North Star Imaging West Coast – 25 Journey Street, Aliso Viejo, California. USA.

"We know that this year is, and continues to be, a very hard year for everyone due to COVID-19. Nonetheless, as a business, we are all very excited by this move as it signifies the confidence that our parent company, ITW, has on our growth plans for the West Coast," said David Nokk, Manager for NSI’s US Inspection Services business.

The NSI West Coast office in Aliso Viejo has an X3000™, an X5000™ and another X5000 with 450kV. What this means is that NSI West Coast has the capability to scan objects as small as a few microns to objects as large as a 50-gallon barrel and, can do single or multiple batch scans as quickly as possible.

Kevin Bresnahan, Business Development Manager for the NSI West Coast operation says, "My team and I can do 2D, 3D and 4D scans. Very, very soon, we will also have a high energy system that will be a great asset to aerospace and defense businesses in North America. We will launch this new system this year and I am very excited for our West Coast customers to be the first to experience the power and capabilities that are being engineered into this system."

"We are thrilled to be adding high energy to our portfolio to better serve our customers and further enhance the industry’s ability to provide safe, reliable products. Our customers drive our progression and our intent is to provide premium capabilities to world-class organizations who demand the most challenging of inspections on critical projects. Thank you to all of NSI’s customers and friends who have made this possible," says Seth Taylor, General Manager of North Star Imaging.

NSI’s West Coast facility is located at 25 Journey, Aliso Viejo, California 92656, USA. To schedule an X-ray inspection demonstration or visit, contact scanning.ca@4nsi.com or visit our Inspection Services page https://xrayinspectionservice.com/ @4nsi.com. You can also call (949) 346-1299 and speak to one of our Application Engineers.

North Star Imaging manufactures industrial 2D Digital Radiography & 3D Computed Tomography (CT) X-ray equipment. Industrial X-ray scanning is often used for R&D, Failure Analysis, Quality Control, Internal Measurements, High-Speed 3D Scanning & more. X-ray scanning allows users to view & inspect the external & internal structures of a part without destroying it.  NSI’s efX® CT integrates the most powerful CT reconstruction & visualization software available, including modules for calibration, measurement, real-time density segmentation & surface extraction. NSI also offers X-ray Inspection Services at their 6 global sites in Minnesota, California, Massachusetts, France, UK, China and 24/7 technical service & NDT basic and advanced training classes. NSI is ISO 9001:2015 certified.

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PR Newswire

Commerce.AI Named TiE50 Award Winner at TiEcon

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SUNNYVALE, California, Sept. 1, 2020 — Commerce.AI is excited to announce that it has been selected as a 2020 TiE50 Winner in the prestigious TiE50 Awards Program. This 10-year-old awards competition is a program of TiEcon, the world’s largest conference for tech entrepreneurs. Commerce.AI was recognized for its leadership in AI solutions for commerce. 

"We  are excited to be recognized as a TiE50 winner. I would like to congratulate our team for their hard work and dedication. I would also like to thank our customers for their trust in us. With online commerce accelerating at an unprecedented rate, it creates a unique opportunity for businesses to use AI to tap into the data generated online. We are at the forefront of the AI revolution in commerce," said Andy Pandharikar, CEO of Commerce.AI.

"TiE50 again attracted high-potential startups bringing innovation from different parts of the world. Besides the recognition associated with the TiE50 award, this year, TiE50 also partnered with Meet the Draper’s, a ground-breaking reality show to give an opportunity to some companies to pitch to the show," said Kamal Anand, TiE50 Program Chair.

"For over 28 years as a not-for-profit organization dedicated to fostering entrepreneurship and with a global footprint of a half-million entrepreneurs, enterprise executives, and investment professionals, at TiE Silicon Valley, we take pride in the fact that we have created TiE50, a strong 10-year-old brand for recognizing high-potential startups," said B.J. Arun, President, TiE Silicon Valley.

About Commerce.AI

Commerce.AI was founded with the mission to harness the power of artificial intelligence to change the way commerce is done. Ninety-five percent of today’s data is unstructured, in the form of text, voice, images and video. When the AI starts to truly understand this data, it can empower the humans to do what we are best at – to build great products and services and sell with confidence.

About TiE50

Now celebrating its tenth year, TiE50 Awards provides a one-of-a-kind showcase for the world’s top technology and technology-enabled startups. TiE Silicon Valley’s premier annual awards program is keenly contested by thousands of early- to mid-stage startups of all sizes representing a wide range of verticals. Applications are rigorously reviewed by a panel of judges including venture capitalists, angels, successful entrepreneurs, and corporate executives. Since its inception, 84 percent of TiE50 winners and top startups have been funded at a total of over $1 billion. Many of these companies went on to acquisition or IPO, with 29 of the exits at over $100 million. The TiE50 Awards will be presented virtually to the winners during a ceremony on Sept. 3. More information here.

Media Contact:
Lysa Mattson
Phone: 408-641-0781
Email: lysa@commerce.ai

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CommerceAI-TiE50-Winner

Related Links :

http://www.commerce.ai/

PR Newswire

Quectel’s New Generation Smart Modules Certified by Verizon

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SHANGHAI, Aug. 31, 2020 — Quectel Wireless Solutions (603236.SS), the leading global supplier of cellular and GNSS modules, has announced that Verizon has approved its new generation Smart Modules, the SC600T-NA and SC600Y-NA, for operation on Verizon’s 4G LTE network.

The SC600T-NA and SC600Y-NA are industrial grade LTE Cat 6 modules with an operational and certified built-in Android 9.0 OS. The SC600T-NA is based on Qualcomm® Snapdragon™ MSM8953 and the SC600Y-NA adopts Qualcomm® Snapdragon™ SDM450. The former supports Octa-core A53 up to 2.0 GHz, camera 24 MP and video 4K at 30 fps, while the latter supports Octa-core A53 up to 1.8 GHz, camera 21 and video 1080 at 60 fps. Both modules integrate 2 GB LPDDR3 + 16 GB eMMC flash and support WUXGA display.

With powerful engines, the two modules are fully integrated with Bluetooth, Wi-Fi capability and strong multimedia functions include support for dual LCDs and dual touch panels with independent display and operation. The modules can support a maximum of four cameras with two working simultaneously. Quick Charge 3.0 technology can facilitate various smart devices, including vending machines, smart cash registers, smart delivery machines and more.

Designed for North America, both modules work on FDD-LTE bands B2/B4/B5/B7/B12/B13/B14/B17/B25/ B26/B66/B71, TDD-LTE band B41 and WCDMA bands B2/B4/B5. In addition, the multi-constellation GNSS receiver is available in both modules, which is ideal for applications that require fast and accurate fixes, such as in-car video streaming and live video devices.

"These two modules for North America have passed another industry milestone. They will enable IoT designers, manufacturers and their customers to utilize the latest and leading LTE network technologies from America’s most awarded network," said Patrick Qian, Chairman and CEO of Quectel. "The new generation Cat 6 smart modules are critical for devices to utilize the processing power whenever needed."

About Quectel

Quectel’s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we create superior cellular and GNSS modules backed by outstanding support and services. Our growing global team of 1800 professionals, the largest in the IoT modules industry worldwide, ensures we are first to market and continue to set the pace of development. Listed on the Shanghai Stock Exchange (603236.SS), our international leadership is devoted to advancing IoT across the globe. For more information, visit www.quectel.com, LinkedIn, Facebook and Twitter

Ashley LIU
Tel: +86 551 6586 9386 x 8016
media@quectel.com

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#1 on the Green500 – Supermicro and Preferred Networks (PFN) Collaborate to Develop the World’s Most Efficient Supercomputer

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Deep Learning Supercomputer MN-Core™ Achieves Record 21.11 Gigaflops Performance-Per-Watt Based on Real-World Scientific Application Benchmarks  

SAN JOSE, California, Aug. 31, 2020 — Super Micro Computer, Inc. (Nasdaq: SMCI), a global leader in enterprise computing, storage, networking solutions and green computing technology, today announced that its collaboration with Preferred Networks achieved the ranking for the Green500 semi-annual industry assessment. The MN-3 reached a record 21.11Gigaflops of performance-per-watt on a benchmark run that delivered a total performance of 1.62 Petaflops. This efficiency achievement is 15% higher than the previous Green500 record of 18.404 Gflops/W, which was recorded in June 2018.


"Supermicro was excited to work with PFN on this exceptional system supporting machine learning (ML) and deep learning (DL) applications and energy efficiency," said Charles Liang, CEO and president of Supermicro. "The Green500 international recognition confirms that Supermicro delivers exceptional products – resource-saving, superior design, and high-reliability to the market."

PFN partnered with Supermicro to develop this customized server, which addresses a wide range of applications that require ultra-fast communications. Based in Japan, PFN strives to solve complex problems that utilize deep learning, robotics, and other advanced technologies.

"We are very pleased to have partnered with Supermicro, who worked with us very closely to build MN-3, which was recognized as the world’s most energy-efficiency supercomputer," stated Yusuke Doi, VP of Computing Infrastructure at Preferred Networks. "We can deliver outstanding performance while using a fraction of the power that was previously required for such a large supercomputer."

The PFN solution is based on the Supermicro GPU server that utilizes Intel® Xeon® CPUs, and MN-Core boards developed by Preferred Networks. This advanced system offers up to 6TB of DDR4 memory, and multiple GPUs or accelerators, as well as the interconnects that enable ultra-fast communications between GPUs.

PFN Supercomputer

The PFN supercomputer can serve many users simultaneously. The initial cluster consisted of 48 servers- four interconnect nodes, and five 100GbE switches. There was a total of 2,080 CPU cores, housed in a 7U high rack-mounted unit.

Learn more about the Green500 supercomputer.   

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

PFN Supercomputer
PFN Supercomputer

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PR Newswire

At ‘GAC Tech Day’, hydrogen fuel-cell technology takes the limelight, highlights GAC’s scientific depth and technical capabilities

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GUANGZHOU, China, Aug. 31, 2020 — Recently at the GAC Tech Day 2020, GAC Group unveiled its latest scientific and technological achievements, including two major platform technologies and three futuristic technologies. Powering current innovations at GAC Group are the Global Platform Modular Architecture (GPMA) that incorporates traditional fuel power as well as the GAC Electric Platform (GEP) 2.0. Building on these platforms, GAC Group announced three technological breakthroughs: the ADiGO 3.0 intelligent driving interconnected ecosystem, hydrogen fuel-cell vehicle Aion LX Fuel Cell and 3DG graphene preparation technology, these leading technologies will enable GAC Group to achieve much more in the near future.

Aion LX Fuel Cell
Aion LX Fuel Cell

At the event, GAC unveiled its first hydrogen fuel-cell passenger car, the Aion LX Fuel Cell, attracting major industry observers and media due key benefits such as its fast charging times, long battery life and zero pollution. Industry experts have lauded the advent of hydrogen fuel-cell vehicles, as it is expected to become a popular environmentally friendly solution for vehicles with zero carbon emissions.

GAC Group has prioritized climate conversation as a strategy and are focusing on hydrogen-based clean energy, known as the "ultimate energy" of the 21st century. Hydrogen fuel-cell vehicles have become a forward-looking technology with promising development prospects.

GAC Group has achieved an industry-leading advantage in hydrogen fuel-cell technology through the launch of the Aion LX Fuel Cell. The hydrogen-based vehicle developed on the GEP 2.0 platform is equipped with a hydrogen fuel-cell system independently developed also by GAC Group.

GAC’s hydrogen fuel-cell vehicle has shown to solve several problems of current renewable energy vehicles. Firstly, it only takes 3-5 minutes to recharge each time, which is shorter than the charging time of most electric vehicles. Secondly, the NEDC operating range of this car exceeds 650KM, reaching international benchmarks. Thirdly, the car also solves the problem of ignition and operations in low-temperature weather: at minus 30°C, a one-button cold start can be enabled sans an external heat source without affecting the cruising range. Most importantly, its emissions are only pure water, and the filter element carried can filter 99% of the inhalable particulate matter, not only reducing pollution but also purifying the surrounding air.

The Aion LX Fuel Cell has also been comprehensively upgraded to exceed safety expectations. Built upon the five-star safety of the original model Aion LX, it has also passed difficult safety tests such as 32km/h side column collision and 80km/h rear collision.

Riding on the wave of technology and digitization, GAC Group has taken the lead in laying out a strategic industry-wide roadmap for technological innovation. GAC MOTOR has developed rapidly in overseas markets in recent years. Supported by GAC Group’s strong scientific and technological backing, the Group remains committed to bring a high-tech driving experience to people all over the world and continue to create value for a lifestyle of mobility for humankind.

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PR Newswire

WeTrade Group Announces Stock Split

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BEIJING, Aug. 31, 2020 — WeTrade Group Inc. (US: WETG), a SaaS company providing technical services and solutions to membership-based social e-commerce, announced its first stock split on August 28th. The company’s three-for-one stock split will officially take place on August 31st.

For companies, it’s important to note that a stock split will not make any changes for strategies or organizational structures. But it will make the company’s stock more attractive and also make its shares more accessible to a broader base of investors. As a result, new investments will be helpful for the stock price raising and bring business confidence for its shareholders.

After the splitting, the number of WeTrade Group shareholders will increase by 3 times. Lowering the company’s share price can put WeTrade stock within the reach of smaller, individual investors, which will attract more attention from the market and generate more industry-investor ownership. In the same time, stock splits are generally seen as a positive by the market.

WeTrade Group was officially listed on the NASDAQ OTC Market on July 23, 2020, under the ticker symbol "WETG". The stock soared from $2.9 a share to a peak of $20.19 a share, demonstrating the market expectation and WeTrade’s technology-based business model.

In recently years, micro-business in China has boomed from 30 million in 2018 to 50 million in 2019, and it is expected to attain to 100 million in 2020. With the development of this potential market, WeTrade Group provides technical services and solutions as a listed SaaS business to support micro-business online stores and social e-commerce platforms. The company developed a social e-commerce revenue management system in 2019. The main functions of the system are user marketing relationship implementation, CPS commission profit management, multi-channel app data statistics, etc. Moreover, WeTrade fully takes advantages of its social e-commerce and micro-business technology to explore supply chain directing purchase and community dispersion, dedicating to establish a more suitable service system for Chinese market.

In the future, with the rapid development of WeTrade business and the application of SaaS in global market, WeTrade Group will become a new leader in the SaaS revolutionized field.

About WeTrade Group Inc.

WeTrade Group Inc. provides technical services and solutions based on membership-based social e-commerce. Through big-data, social recommendation relationships, multi-channel App data statistics, etc., the Company developed a social e-commerce revenue management system, The main functions of the system are user marketing relationship implementation, CPS commission profit management, multi-channel app data statistics, etc. the system has been applied in the retail, tourism, hospitality and beauty industries, focusing on 100 million micro-business users in China. WeTrade conducts its business operations in mainland China and trial-operations in Hong Kong SAR, and Singapore etc.

For more information and product demos:

http://www.wetradegroup.net

Media Contact:
+86-186-1124-1126
lori@yueshang.co

IR Contact:
ir@wetradegroup.net