Yearly Archives: 2020

PR Newswire

Hong Kong’s Hang Fook Elderly Home Adopts iBonus(R) Digital Prevention System Aimed at Helping Guard Against COVID-19

Leave a comment

The new iBonus® Digital Prevention System is being adopted by a growing number of businesses, companies, and other entities in Hong Kong in an effort to help break COVID-19 transmission chains.

HONG KONG, Aug. 20, 2020 — One of the key reasons that COVID-19 has caused a great concern is its long incubation period. Most experts agree that for up to 14 days many affected patients have no obvious symptoms. Since nobody knows where these people have been or who they have been in contact with in the incubation period, many people around them could potentially also be infected, leading to eruptions of infection in communities and large numbers of new cases. Masks and glove can help stop this but there is clearly a demand for other safeguards as well. To help solve this problem, Hong Kong technology company iBonus Limited has launched a digital prevention system that records the times and places participants have visited through employee smart cards, or the Octopus transit card and a set of designated terminals installed at different locations.

Once someone’s infection has been confirmed, the system will immediately enter all persons who have appeared at the same times and places with the confirmed patient in the past 14 days into an alert list and the list will be sent to all terminals. When someone on the list enters an area, the terminal at that area will ring an alarm.

"COVID-19 has scared so many people because confirmed patients show no obvious symptoms during the incubation period," commented Keith, Managing Director of iBonus Limited. "As a result, they move around in the community like invisible people. If a system can track these patients as well as those in close contacts with them during the incubation period and restrict them from entering high-risk venues such as fresh markets, the elderly homes, hotpot and other restaurants, it can help to cut the chain of transmission and, we hope, put the pandemic under greater control."

The company understands that other kinds of technology working in this area, like contact trackers, have created understandable privacy concerns. Keith suggests the situation is different for this system as it only records the Octopus serial number, which is different from the real-name health code operation number recorded by competitors. By not attaching a real-name to the Octopus serial number it ensures there is no violation to participants’ privacy.

Currently, Hang Fook Elderly Home, Warwick Hotel, On Tai Fresh Market have adopted this system. iBonus is also in negotiation with many large restaurants and malls to also come onboard. Expect more news regarding these developments soon.

For more information be sure to visit https://covid2019system.com.

About iBonus Limited

iBonus Limited was incorporated on 9 June 2014. The iBonus® Legacy system is a contactless smartcard-based pre-paid offline system similar to the Hong Kong Octopus system.

Media Contact

Ms. Anna Lee
Telephone: (852) 91501890
Email: anna@iBonus.net 

PR Newswire

Digitized Automation for a Changing World – Delta Showcases Cloud-based Smart Factory at Taipei Automation Show 2020

Leave a comment

TAIPEI, Aug. 20, 2020 — Delta, a world-class provider of power management, thermal and industrial automation solutions, has announced its participation in the Taipei Int’l Industrial Automation Exhibition 2020 (Automation Show 2020) from August 19th ~ 22nd. Seeing the importance and opportunities for automation, digitalization and smart solutions for all industries under the impact of the coronavirus worldwide, Delta is focusing on the theme of "Digitized Automation for a Changing World" and presenting integrated cloud and IIoT technology, manufacturing platforms, smart equipment and advanced automation products. Delta is showcasing its cloud-integrated smart factory solution that highlights the edgeMES (MES and operation management for machine making) as a new operation and monitoring model for equipment manufacturers, as well as electronics assembly solutions based on Delta’s real experience, a robot grinding workstation, AI-based six-sided inspection machine, and other smart equipment.

jwplayer.key=”3Fznr2BGJZtpwZmA+81lm048ks6+0NjLXyDdsO2YkfE=”
 

jwplayer(‘myplayer1’).setup({file: ‘https://mma.prnewswire.com/media/1231304/Delta_Showcases_Cloud_based_Smart_Factory_at_Taipei_Automation_Show_2020.mp4’, image: ‘http://www.prnasia.com/video_capture/3098829_HK98829_1.jpg’, autostart:’false’, aspectratio: ’16:9′, stretching : ‘fill’, width: ‘600’, height: ‘338’});

Andy Liu, the General Manager of Delta Industrial Automation Business Group (IABG), pointed out that many industries have been severely impacted by the COVID-19 pandemic, yet some new businesses and opportunities have emerged. "Because of the coronavirus outbreak, the IABG expects a major sales increase coming from healthcare-related industries such as surgical masks, protective clothing, and respirators. We are also seeing an acceleration of automation and smart solution implementation in many industries due to the unpredictability of human and external factors," said Andy.

To showcase cloud-integrated smart manufacturing for customers, Delta is using a large-scale TV wall to demonstrate its digital control and monitoring center for manufacturing. Smart solutions for electronics and other target industries are also featured for upgrading equipment, production processes and factories. Andy affirmed, "We are helping our customers enhance their competitiveness and prepare for post-pandemic growth with Delta’s smart manufacturing."

Delta’s exhibits include four major topics: Factory Control and Monitoring Center, Smart Manufacturing Solutions, Industry-specific Solutions and Smart Machine Suite & Advanced Automation Products. The Smart Manufacturing Solutions section covers smart equipment, production line integration solutions, IIoT technology and cloud for manufacturing execution, production scheduling and flexible changeover, as well as data exchange, analysis and optimization among equipment, management platforms and the cloud. These are all practical approaches to build smart, digital factories for all industries.

As a special feature during the event, Delta released the brand new edgeMES for Machine Making to the market. The edgeMES is a lightweight manufacturing execution system (MES) specially designed for equipment production. It combines with Microsoft’s cloud platform (Azure SQL edge) and Trend Micro’s security software to ensure advanced, digitalized and secure production execution and management. The cloud platform provides the SaaS subscription service for small / medium-sized machinery manufacturers to order MES services according to their requirements and budget. For data exchange between the workshop equipment and cloud platform, the edgeMES adopts Trend Micro’s advanced security functions to ensure data confidentiality for customers’ machine making processes and operation tactics.

For Industry-specific Solutions, Delta shares its decades of experience in electronics manufacturing to present IIoT, cloud and digital, smart solutions for semi-automated / fully-automated electronics assembly lines. Delta’s one-stop service convers onsite consulting, design and planning, equipment implementation and configuration for assembly line construction. The integration of smart equipment, visualization and manufacturing management solutions realizes production planning / scheduling, data collection and analysis, quality management, preventive maintenance, material management and warehousing for customers. The integrated solutions also help to solve the issues of complex production, difficult material management and incomplete manual operation data collection for electronics assembly.

As key elements for electronics assembly, Delta’s smart equipment demos are popular with visitors. Two of the most eye-catching live demos are the Robot Grinding Workstation and the AI-based Six-sided Inspection Machine. The Robot Grinding Workstation combines the Articulated Robot DRV Series and DRASimuCAD Robotic Simulation Platform. The DRASimuCAD simulates the processing path in advance for the DRV Series robot to perform accurate, smooth grinding for electronic components. The AI-based Six-sided Inspection Machine features advanced AI to achieve highly precise inspection for subtle defects on electronic parts that can’t be detected by AOI equipment. It supports connection of up to eight stations, and can be applied to the inspection of high-tech electronic parts such as passive components and integrated circuits (0.2 x 0.1 mm or above). The detection range and light source can be customized for various applications.

Another popular demo is the Food & Medicine Loading / Unloading Robot Workstation. It adopts Delta’s SCARA Robot DRS Series and the Machine Vision System DMV Series to execute high-speed, precise loading and unloading for small food items (candies, cookies, and others) and medicines (pills and tablets). The workstation replaces labor, enhances efficiency, and ensures sanitary processing for the food and pharmaceutical industries.

About Delta

Delta, founded in 1971, is a global provider of switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," Delta leverages its core competence in high-efficiency power electronics and its CSR-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to CSR. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices for 9 consecutive years. Delta also ranked a Climate Change Leadership Level by CDP for the 3rd year in 2019.

For detailed information about Delta, please visit: www.deltaww.com 

About Delta Industrial Automation BG

Since the debut of our AC motor drive in 1995, Delta continues to develop our industrial automation business, providing superior quality, reliability and precision. Our range of complete smart manufacturing solutions covers equipment automation, automated production line design and integration, equipment IoT and data collection, as well as manufacturing management and monitoring to maximize productivity and stabilize production. Delta applies AI and big data analysis to optimize production processes and implement digitalization for equipment, production lines and energy usage. With automation products, software, and system solutions integrated into an all-in-one digitalized smart manufacturing model of factory, processes, and equipment, Delta provides numerous production models, including customized, small volume and wide variety, and mass production for customers on a global scale.

With robust R&D capability and abundant industry experience, Delta offers industrial automation products and solutions that find application in a broad range of industries, including electronics, components, photoelectric panels and food & beverages. We are dedicated to providing innovative and reliable smart, green manufacturing solutions for global customers, keeping our promise of "Automation for a Changing World".

For detailed information about Delta Industrial Automation BG, please visit: http://www.deltaww.com/ia

PR Newswire

500.com Limited to Report Second Quarter 2020 Financial Results on August 28, 2020

Leave a comment

SHENZHEN, China, Aug. 20, 2020 — 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), an online sports lottery service provider in China, today announced that it plans to release its financial results for the second quarter ended June 30, 2020 after the close of U.S. markets on Friday, August 28, 2020.

About 500.com Limited

500.com Limited (NYSE: WBAI) is an online sports lottery service provider in China. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. 500.com was among the first companies to provide online lottery services in China, and is one of two entities that have been approved by the Ministry of Finance to provide online lottery sales services on behalf of the China Sports Lottery Administration Center, which is the government authority that is in charge of the issuance and sale of sports lottery products in China.

Safe Harbor Statements

This news release contains forward-looking statements within the meaning of 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," "target," "going forward," "outlook" and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For more information, please contact:

500.com Limited
ir@500wan.com

Christensen

In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com

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

Related Links :

http://ir.500.com/

PR Newswire

ECOVACS ROBOTICS introduces DEEBOT OZMO T8 & T8+ to the T8 Family, its high-end intelligent floor cleaning robots series

Leave a comment

The DEEBOT OZMO T8 is the first robotic vacuum cleaner to feature ECOVACS’ cutting-edge TrueDetect 3D obstacle detection and avoidance technology to deliver ultimate home cleaning experience

JAKARTA, Indonesia, Aug. 20, 2020 — ECOVACS ROBOTICS, the world’s leader of Home Service Robotics, today announces the launch of DEEBOT OZMO T8 and T8+. As the first robotic vacuum cleaner powered by ECOVACS’ cutting-edge TrueDetect 3D Technology, the revolutionary robot vacuum cleaners provide users with ultimate intelligent cleaning experience. Along with leading features including TrueMapping Technology, and the OZMO™ Mopping System, DEEBOT OZMO T8 and T8+ deliver enhanced and powerful in-depth smart cleaning capabilities.

DEEBOT OZMO T8
DEEBOT OZMO T8

"The DEEBOT OZMO T8 is the latest addition to the DEEBOT OZMO T8 Family and is the first robotic vacuum cleaner to feature ECOVACS cutting-edge TrueDetect 3D Technology which allows the robot to precisely identify objects and avoid collisions," said David Qian, CEO of ECOVACS ROBOTICS. "It is part of our commitment to provide consumers with the latest smart and complete cleaning experiences as they increasingly move towards automated home care."

DEEBOT OZMO T8 Family
DEEBOT OZMO T8 Family

Smart-Environmental Perception Technology to Identify and Avoid Obstacles

By using ECOVACS’ advanced TrueDetect 3D Technology, which is based on a structured light technology and 3D scanning algorithm widely used in advanced facial recognition and mobile payments, DEEBOT OZMO T8 can identify obstacles precisely and avoid them accordingly, allowing it to move freely when cleaning.

For millimeter-level detection accuracy, DEEBOT OZMO T8 can detect objects in front from a distance of 4.5cm up to 30cm to obtain high-precision resolution and depth information. It can additionally detect objects as small as 1mm, which is 10 times more accurate than traditional infrared technology. By using real-time 3D scanning, its millimeter-level detection capability allows T8 to detect small objects including cables, slippers and slim furniture, reducing the risk of getting stuck or tangled and enabling quicker and smoother cleaning.

Efficient and Thorough Whole-House Cleaning Coverage

Equipped with TrueMapping laser-based mapping and navigation technology, an aerospace-standard detection technology with a dToF sensor first adopted for this function in the industry, floor maps can be created in seconds by DEEBOT OZMO T8 to improve overall cleaning efficiency. This allows the robot to intelligently navigate the user’s home, bringing intelligent and thorough cleaning experience.

Compared with the previous generation of laser guidance technology, DEEBOT OZMO T8 can detect a double distance and has four-fold precision to detect objects. The distance is up to 10m and objects as small as 2mm can be detected. Larger family homes will particularly benefit from this feature as it improves cleaning efficiency and builds more detailed and accurate home cleaning maps.

With Multi-floor Mapping Technology, DEEBOT OZMO T8 can also scan and store multiple maps of different levels of the user’s home, allowing the robot to customize its cleaning process for each level once it identifies the appropriate map. Users can further customize where they would like the robot to clean in each map with the customized cleaning function, and restrict the robot to clean a specific area with the Virtual Boundary™ function.

Powerful In-depth Cleaning Performance

With its OZMO™ Mopping System, DEEBOT OZMO T8 provides powerful mopping and vacuuming capabilities at the same time, maximizing cleaning efficiency and removes over 99%[1] of bacteria. The robot can easily mop and clean stains, and dust will be removed in crevices up to 4mm deep, ensuring optimal cleaning results thanks to the four-step cleaning process.

The carpet detection technology allows DEEBOT OZMO T8 to automatically increase suction power on carpets when vacuuming and avoid carpets when mopping, keeping the cleaning experience completely automated and thorough for users.

Power-up Kits

Two power-up kits are now available for DEEBOT OZMO T8 to enhance overall cleaning performance and user experience. The OZMO™ Pro Oscillating Mopping System kit enables robots to deal with stubborn stains by using electrically powered high-frequency vibration, and a unique fine mopping mode which is comparable to an electronic mop. The oscillating mop vibrates up to 480 times per minute. Bundled with DEEBOT OZMO T8 and making it as DEEBOT OZMO T8+, the other kit is Auto-Empty Station which clears the robot’s dustbin automatically after cleaning. The station’s disposable dust bag holds up to 30 days of dirt and debris to dramatically reduce the need to frequently clear the dustbin, so users can enjoy cleaning homes for weeks without the hassle of dumping the bag.

Intelligent Control for Remote Cleaning Management

Paired with the ECOVACS HOME App, or smart home devices such as Amazon Echo/Dot and Google Home, users can control DEEBOT OZMO T8 remotely to enjoy the comfort of intelligent cleaning.

Pricing and Availability

DEEBOT OZMO T8 is available on Tokopedia, Lazada, Shopee and Blibli for IDR 7.990.000, and DEEBOT OZMO T8+ (T8 bundled set with the Auto-Empty Station) is available on Tokopedia, Shopee, and Blibli for IDR 9.990.000. For more information, please visit ecovacs.com or connect with us on Instagram.

About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.

At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on deep understanding of use cases and consumer experiences, we design robots that help you to "live smart, enjoy life".

With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

[1] Certified by Hygiene & Microbiology Research Center, Japan, 2019 

Photo – https://photos.prnasia.com/prnh/20200812/2883454-1-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200812/2883454-1-b?lang=0

Related Links :

http://ecovacs.com

PR Newswire

HEVC Advance Releases Draft VVC Licensing Program Overview – includes a Joint VVC and HEVC License

Leave a comment

Also Announces Name Change to Access Advance LLC as its Patent Pool Focus Expands

BOSTON, Aug. 20, 2020 — HEVC Advance LLC ("Advance"), a leading independent licensing administrator in the area of video coding technologies, today announced the release (initially distributed in July) of a draft VVC Licensing Program Overview, resulting from conversations with close to 50 patent owners over the last several months. The Licensing Program, building on the success of Advance’s HEVC program, would establish the "Advance Licensing Platform for Video Codecs."  The Platform license structure, which Advance is planning to launch in 2021, would provide a stand-alone "VVC Platform License," a simplified stand-alone "HEVC Platform License," and, most importantly, a "Joint HEVC + VVC Platform License" that is expected to provide a substantial discount for products with both VVC and HEVC technologies. Compared with Advance’s current HEVC License, which will continue to be offered for as long as any current or future licensees wish, the new Platform License structure will be streamlined and will enable existing and future licensees to easily transition to one or more Platform Licenses at any time.  The Platform structure will also allow additional next-generation video technologies to be efficiently added in the future. 

"We are extremely pleased to announce the release of a draft VVC Licensing Program Overview to our many Licensors and other patent owners that have engaged with us over the last several months," stated Peter Moller, CEO of Advance. "The marketplace, including input we’ve seen from the MC-IF process, has been clear that both patent owners and patent implementers desire licensing clarity for VVC as soon as possible, as well as a licensing structure that can seamlessly incorporate multiple video codecs into a single license platform. While there is still work to be done in reaching a final consensus on rates and certain other terms, we are confident that our draft Overview provides a structure that will meet with broad approval and allow us to establish a "one stop shop" Licensing Platform for VVC and HEVC—one that will meet the needs of a substantial majority of stakeholders and give the market the clarity it wants now. We welcome all companies having a good faith belief that they have one or more VVC essential patents to join the discussions and receive a copy of the Overview. We are also willing to make a version of the Overview available to anyone – including patent implementers without VVC patents – who have a bona-fide reason to receive it. Please contact us using the information below."

Advance also announces a change in name to Access Advance LLC. Given the goodwill and recognition built around the "Advance" name since the company’s inception in 2015, "Advance" will continue to be used as the company’s principle trade name. "While the name HEVC Advance has served us well, as we prepare to launch a VVC program it’s time to update our name to convey our expanded focus," continued Mr. Moller.  The name change will be implemented in stages over the next several months. 

About Access Advance LLC (previously HEVC Advance LLC)
Access Advance LLC ("Advance") is an independent licensing administrator company formed to lead the development, administration, and management of patent pools for licensing essential patents of the most important standards-based video codec technologies. Advance provides a transparent and efficient licensing mechanism for both patent owners and patent implementers. For more information about Advance, visit www.hevcadvance.com.  To contact us concerning the VVC Licensing Program, please email Paul Bawel at paul.bawel@hevcadvance.com and/or the Licensing team at licensing@hevcadvance.com.

Contact: press@hevcadvance.com

Related Links :

http://www.hevcadvance.com

PR Newswire

Higher Logic Australia Has Grown its Customer Base by Over 250% Since the Start of 2020

Leave a comment

Through the COVID-19 pandemic, Higher Logic customers have seen notable increases—seeing over a 300% increase in new logins and almost 500% increase—in community engagement.

SYDNEY, Aug. 20, 2020 — Higher Logic, the industry-leading, human focused engagement platform has accelerated its growth in the Australian market through the COVID-19 pandemic demonstrating the power of community.

"We’ve found through this pandemic that associations who had a solid community strategy were able to adapt and shift their investments into digital delivery, accessibility and engagement," says Higher Logic’s Asia Pacific Country Manager, Robert Barnes. "It’s all about strategy. Investment in community has been a ‘no-brainer’ for those who understand that community is not an IT project but a focal point for a membership growth and retention strategy. Our success is in proving we are able to work within an existing tech stack to deliver an integrated, personalised and automated experience which creates both the unique member experience; and, significant efficiencies for an already overworked staff."

Higher Logic Australia is rapidly growing through the COVID-19 pandemic with the addition of 22 new logos this year. Since the COVID-19 pandemic began, Higher Logic customers have seen notable increases in their community logins and discussions—some seeing over a 300% increase in new logins and almost 500% increase in discussions. Human connection is more important now than ever and a thriving, engaged community is the best way to make that happen when face-to-face interactions are limited.

Professionals Australia is one customer of Higher Logic’s that has used the platform to reach new levels of growth and drive better results for their members. By implementing automated email campaigns, Professionals Australia experienced the highest level of member retention in five years and the strongest single year of recruitment in their organisation’s history. In just one year, Professionals Australia achieved:

  • 21% increase in overall recruitment
  • 12.5% decline in overall resignations
  • 25% increase in recruitment of members under 35
  • 15% decline in resignations of members under 35

"Overall, our use of Higher Logic’s Communications platform has made a major impact on both ends of our membership – minimising losses and maximising recruitment – delivering a level of growth we haven’t seen in several years, increasing our influence as an organisation, and allowing us to deliver better results for our members," says Stephen Gargano, Director – Member Engagement, Professionals Australia.

The Australian Medical Association of Queensland used the Higher Logic platform to connect their members in the rapidly changing world. AMA Queensland pivoted their member strategy to bring an engaged online community to their members, giving them a central hub for communication and resources. With this, AMA Queensland was able to tap into the insights of the community to better understand and respond to the needs of their member base.

AMA Queensland, Chief Executive Officer, Jane Schmitt said, "A community should be a foundational starting point for every association – a central platform that’s safer and more intimate than social media, where members can communicate, and where they know the association will read and react to what’s being shared."

Australia Swimming Coaches and Teachers Association has been using Higher Logic to connect their 6,000 members. They provide a place for members to connect with others, advance their careers and feel empowered.

"We’ve had 1700+ members engage with almost 700 posts in our open community since we launched in late February," says ASCTA, Chief Executive Officer, Brendon Ward. "We are driving members to Higher Logic so they can connect with peers, access and share resources and tools, and watch webinar recordings in a secure and safe environment which is uniquely dedicated to our members. This is helping to drive membership growth and increase retention rates."

In July, Higher Logic announced the release of their Engagement Benchmark Score, which gives customers a way to measure their engagement through data-driven insight into their community’s performance. This score gives users a clear picture of what is happening in their community allowing them to focus their efforts where most needed.

About Higher Logic
Higher Logic, the industry-leading, human-focused engagement platform, delivers powerful online communities and communication tools to engage your users at every stage of their journey. With Higher Logic, you get a robust platform plus over a decade of experience in building sophisticated community engagement programs. We serve over 3,000 customers and 50 million users across 21 countries worldwide and support 2.4 billion community interactions annually. The Higher Logic Australia office opened in 2018 to with a goal of extending reach in the APAC region.

Media Contact: 
Morghan Cope 
mcope@higherlogic.com  
PR Communications Specialist 
Higher Logic

Logo – https://techent.tv/wp-content/uploads/2020/08/higher-logic-australia-has-grown-its-customer-base-by-over-250-since-the-start-of-2020.jpg

 

Related Links :

https://www.higherlogic.com

PR Newswire

EQT Infrastructure to acquire leading global data center provider EdgeConneX

Leave a comment

– EQT Infrastructure has agreed to acquire EdgeConneX, a leading global data center provider serving the fast growing Hyperscale and Edge ecosystems

– EdgeConneX has a global footprint, operating and developing over 40 facilities in 33 markets across North America, Europe and South America

– EQT Infrastructure is committed to actively support EdgeConneX’s accelerated growth via new market entries and material expansions of existing locations

– EQT is acquiring EdgeConneX from an investor group led by Providence Equity Partners

STOCKHOLM, Aug. 19, 2020 — EQT Infrastructure today announced that the EQT Infrastructure IV fund ("EQT Infrastructure") has agreed to acquire EdgeConneX, Inc. ("EdgeConneX" or the "Company") from an investor group led by Providence Equity Partners ("Providence").

EdgeConneX builds and operates data centers for cloud, content, network and other service providers requiring both larger purpose-built facilities as well as edge facilities located closer to consumer and enterprise users to support latency-sensitive applications cost effectively. The Company’s broad footprint and relentless customer-focused business strategy have proven ideally suited to support these sophisticated customers’ strategic data center demands, from the Hyperscale to the Edge. As customers rapidly expand their critical infrastructure around the globe, they look to EdgeConneX as a trusted partner to enable their growth needs in an environmentally friendly manner.

EQT Infrastructure will support the continued development of EdgeConneX and actively assist the Company in its pursuit of new opportunities to grow in existing and new markets globally. EdgeConneX is uniquely positioned to benefit from the secular tailwinds driving increased data center usage. As the need for data grows ever larger, not only because of cloud and content but also driven by new innovations such as Artificial Intelligence, 5G Networks, Autonomous Vehicles, Virtual Reality, Cloud Gaming and the Internet-of-Things, there will continue to be substantial opportunities for EdgeConneX to continue to develop critical infrastructure to support its customers’ needs.

Jan Vesely, Partner at EQT Partners, said, "EQT has followed EdgeConneX’s journey from its early years to its growth into a top data center industry player. We are deeply impressed by EdgeConneX’s management team and the success they have had in creating a key contributor to the global cloud infrastructure. This partnership represents an exciting opportunity for EQT in a sector and geographies where we have significant experience. EQT looks forward to working with the team in continuing to grow the business and identify new expansion opportunities."

Randy Brouckman, CEO of EdgeConneX, said, "EQT brings significant financial resources and digital infrastructure industry experience which EdgeConneX will use to accelerate growth and invest in new data centers around the world. I look forward to continuing to lead EdgeConneX and we are very pleased to have EQT as our new owner and partner in this exciting growth phase. On behalf of EdgeConneX, I thank our outstanding customers and partners, dedicated employees and long-term shareholders that gave us the latitude to succeed and create lasting value."

Chris Ragona, Managing Director at Providence, said, "We have enjoyed working with Randy and team over the past five years and are pleased to have helped the company grow significantly, especially overseas. We fully expect EdgeConneX will continue its momentum and success as the company enters this next chapter. On behalf of our entire investor group, we wish them well."

The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2020. With this transaction, EQT Infrastructure IV is expected to be 80-85% invested.

Evercore acted as financial advisor and Simpson Thacher & Bartlett LLP acted as legal counsel to EdgeConneX. Goldman Sachs acted as financial advisor and Kirkland & Ellis LLP acted as lead legal counsel to EQT Infrastructure.

About EQT

EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 40 billion in assets under management across 19 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com

Follow EQT on LinkedIn, Twitter, YouTube and Instagram

US press contact: daniel.yunger@kekstcnc.com, +1 917 574 8582

EQT press office: press@eqtpartners.com, +46 8 506 55 334

About EdgeConneX

EdgeConneX provides a full range of data center solutions worldwide, from Hyperlocal to Hyperscale, from purpose-built to build-to-order, working closely with our customers to offer choice in location, scale, and type of facility. Delivering flexibility, connectivity, proximity, and value, EdgeConneX is a global leader in anytime, anywhere, any scale data center services for a diverse portfolio of industries including Content, Cloud, Networks, Gaming, Automotive, SaaS, IoT, HPC, Security, and more.

More info: www.edgeconnex.comPress contact: jsa_edgeconnex@jsa.net, +1-866-695-3629 ext 13

About Providence Equity Partners

Providence is a premier global asset management firm with over $49 billion in aggregate capital commitments. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 200 companies and has become a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London.

More info: www.provequity.com

Press contact: Andrew Cole and Hayley Cook, Sard Verbinnen & Co, prov-svc@sardverb.com

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

https://news.cision.com/eqt/r/eqt-infrastructure-to-acquire-leading-global-data-center-provider-edgeconnex,c3176029

The following files are available for download:

https://mb.cision.com/Main/87/3176029/1294284.pdf

Press Release – EQT Infrastructure to acquire EdgeConneX

 

PR Newswire

MediaTek Conduct World’s First Public Test of 5G Satellite IoT Data Connection with Inmarsat

Leave a comment

MediaTek’s satellite-enabled Narrowband (NB)-IoT standard chipset tested with base station at Fucino Space Center in Italy using Inmarsat’s ‘Alphasat’ Geostationary Orbit (GEO) satellite

FUCINO SPACE CENTER, Italy, Aug. 19, 2020 — MediaTek is pushing the boundaries of advanced IoT 5G satellite communications with a successful field trial that transfers data through Inmarsat’s Alphasat L-band satellite, in Geostationary Orbit (GEO) 35,000 kilometers above the equator.

The results of MediaTek and Inmarsat’s IoT field test will be contributed to the 3rd Generation Partnership Project (3GPP)’s Rel-17 standardization work on Non-Terrestrial Network (NTN), which is part of its overarching initiative to establish 5G standards toward new use cases and services.

The new 5G satellite NB-IoT technology established a bi-directional link from MediaTek’s satellite-enabled standard NB-IoT device to a commercial GEO satellite, breaking new ground for a truly global IoT coverage. The successful test builds the foundation for hybrid satellite and cellular networks to enable new ubiquitous 5G IoT services at a global scale.

"MediaTek’s collaboration with Inmarsat will accelerate industry efforts to converge cellular and satellite networks in the 5G era. MediaTek is a leading connectivity provider and contributor to 3GPP standards, and our ongoing work with Inmarsat GEO satellites will help drive 5G innovation across verticals like IoT," said Dr. Ho-Chi Hwang, MediaTek General Manager of Communication System Design.

MediaTek is the world’s 4th largest fabless semiconductor company and Inmarsat is the world leader in global, mobile satellite communications. The two companies ran the test with a base station located at the Fucino Space Center in Italy and developed by Taiwan’s Institute for Information Industry (III). The test device, built with MediaTek’s satellite-enabled NB-IoT chipset, was located in Northern Italy. The prototype system successfully established a communication channel and data transfer with the GEO satellite ‘Alphasat’.

The successful test could provide proof as to the feasibility of new global standards and open market potential of using a single device for connecting both satellite and cellular networks.

"Testing MediaTek’s standard NB-IoT chip over Inmarsat’s established GEO satellite network has proven technology from mobile networks works effectively over GEO satellites with little modification and will provide a very cost effective path to ubiquitous and hybrid global IoT coverage," said Jonathan Beavon, Senior Director, Inmarsat Product Group.

Related Links :

http://www.mediatek.com

PR Newswire

iQOO becomes Premium Partner of BMW M Motorsport for the 2020 DTM Season

Leave a comment

SHENZHEN, China, Aug. 19, 2020 — vivo’s global smartphone brand iQOO can today announce it is a Premium Partner of BMW M Motorsport in the DTM (Deutsche Tourenwagen Masters). The BMW worksdriver Timo Glock, from Germany, will give his best to drive the iQOO BMW M4 DTM to victory this season and champion extreme speed and powerful performance under the new partnership.

iQOO becomes Premium Partner of BMW M Motorsport for the 2020 DTM Season
iQOO becomes Premium Partner of BMW M Motorsport for the 2020 DTM Season

As a legend in DTM events, BMW M Motorsport represents the ultimate pursuit of speed, and also ultimate performance, which coincides with iQOO’s brand concept of ‘I Quest On and On’ for perfect performance and breakthrough innovation.

"The iQOO racing spirit will ignite a worldwide passion for ultra-fast technology. iQOO phones are built for consumers with a need for speed, who are naturally inclined toward superior performance. As a Premium Partner, this is a momentous opportunity for our brand. We can’t wait to demonstrate iQOO’s high performance to the world," said Felix Feng, President of iQOO China.

"Welcome, iQOO, to the BMW DTM family," said BMW Group Motorsport Director Jens Marquardt. "Technology and innovation are what drive us, and these are the values that also stand for iQOO. This is the perfect basis for a successful partnership. We are very happy to welcome iQOO as a new Premium Partner on board, and all the more so in the unusual and difficult times that we are currently experiencing worldwide and also in motorsport. In addition, the iQOO BMW M4 DTM looks great."

Since the start of the DTM season on the first weekend in August, Timo Glock has already contested four races in the iQOO BMW M4 DTM at Spa-Francorchamps (BEL) and at the Lausitzring (GER). He said: "It’s great that BMW M Motorsport has managed to attract such a large and forward-thinking concern as iQOO, the high-end smartphone brand to the DTM as Premium Partner. This is a great sign for the racing series, especially in these difficult times. I am particularly happy to be back in my familiar colour of yellow from my first few years in the DTM – when you look from the front, at least. I am enjoying driving the iQOO BMW M4 DTM."

Glock contests his eighth DTM season in 2020. In his 116 races to date, he has claimed five victories, five pole positions and 14 podium finishes.

About vivo

vivo is a leading, product-driven, global technology company, with its core business focusing on smart devices and intelligent services. vivo is committed to connecting users around the globe, through design of exciting and innovative smartphones and companion devices, as well as services which integrate technology and design thinking in unique and creative ways. Following the company core values, which include innovation, consumer orientation and benfen*, vivo has implemented a sustainable development strategy, with the vision of becoming a leading, long-lasting, world-class enterprise.

With headquarters in China, supported by a network of 9 R&D centers in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, Taipei, Tokyo and San Diego, vivo is focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, photography and other up-and-coming technologies. vivo has also set-up five production hubs (including brand authorized manufacturing center), across China, South- and Southeast Asia, manufacturing over 200 million smartphones each year. As of 2019, vivo has branched out its sales network across more than 30 countries and regions, and is loved by more than 350 million users worldwide.

*"Benfen" is a term describing the attitude on doing the right things and doing things right – which is the ideal description of vivo’s mission to build technology for good.

Please stay informed of vivo’s news at https://www.vivo.com/en/about-vivo/news 

Photo – https://photos.prnasia.com/prnh/20200819/2889720-1?lang=0

 

Related Links :

https://www.vivo.com

PR Newswire

Thrio Recognized by Frost & Sullivan for Establishing itself in the Contact Center Market with its Emerging Technology-powered Growth

Leave a comment

Awarded company of the year for its customer-led developments, AI-powered solutions, and strategic partnerships give it a significant competitive edge in the contact center market

SANTA CLARA, Calif., Aug. 19, 2020 — Based on its recent analysis of the North American contact center market, Frost & Sullivan recognizes Thrio, Inc. with the 2020 North American Company of the Year Award. Supplementing a broad array of capabilities with highly customizable and flexible deployment options, Thrio has earned itself a place among the market majors. Its AI-infused core platform leverages best-of-breed cloud technology, which allows it to position itself as a smart, secure, and flexible cloud contact center vendor.

2020 North American Contact Center Company of the Year Award
2020 North American Contact Center Company of the Year Award

Click to view the full multimedia release: https://best-practices.frost.com/thrio/

"Thrio’s CCaaS platform features leading native process automation capabilities, inbound and outbound voice engines, a complete suite of digital channels such as email, chat, SMS, social, and a range of built-in AI tools. The platform offers fully containerized deployment, management, scaling, and redundancy with near 100 percent uptime," said Nancy Jamison Industry Director. "For work-at-home agents, it leverages WebRTC but also enables them to log on through mobile devices and accept calls when connectivity options are limited. The platform comes pre-integrated with key CRM providers, and offers numerous open APIs for extensibility."

The company’s ability to innovate to specifically address customers’ unique needs is a key strength, while its use of AI and process automation too has proved highly attractive to customers. The CCaaS platform comprises three core components – Thrio Digital, Thrio Voice, and ThrioNPA. In addition to developing these smart products, it supports green initiatives and focuses on customer-led developments.

As a customer-led company, Thrio provides sessions with key executives and development staff to help drive their development roadmaps. It’s well thought out customer service options match the service levels of far more experienced companies, setting it apart from its peers. For example, it provides free standard support as well as two optional services: a premium support model as well as an innovation lab. This supports subscribers’ accelerated development of priority features for a flat monthly fee as opposed to unpredictable professional services charges.

"Thrio’s Innovation Lab enables it to expedite its development of features and enhancements that customers demand. Significantly, it allows customers to participate in ideation sessions with senior leaders, as well as offers access to engineering," noted Jamison. "Its flexible pricing options, customer obsession, and technology expertise have helped it compete alongside industry majors and prepare for accelerated growth in the future."

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become 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.

Contact:

Harley Gadomski
P: 12104778469
E: harley.gadomski@frost.com

About Thrio, Inc.

Thrio’s groundbreaking CCaaS platform features leading native process automation capabilities, inbound and outbound voice engines, a complete suite of digital channels (email, chat, SMS, social), and a range of AI tools built right in. Thrio’s team consists of leading contact center experts who develop and market modern, cutting edge technology with reliability that aims to redefine contact center industry standards. To learn more, please visit www.thrio.com.

Photo – https://techent.tv/wp-content/uploads/2020/08/thrio-recognized-by-frost-sullivan-for-establishing-itself-in-the-contact-center-market-with-its-emerging-technology-powered-growth.jpg

Related Links :

Frost New Home page v2

Frost New Home page v2