Yearly Archives: 2020

PR Newswire

The “renewal” of a small Chinese town by e-commerce and live streaming

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DONGGUAN, China, Dec. 14, 2020 — Recently, the opening ceremony of the 7th Humen International E-commerce Festival was held at the Humen Convention and Exhibition Center in Dongguan city of Guangdong province. It is an industrial exchange and display platform for Humen, a Chinese town specialized in women clothing industry, to accelerate the digitalization of traditional industries, improve the efficiency of the supply chain and to optimize the image of the localbrands and products.

E-commerce development and live streaming help break through the bottleneck of traditional industrial, which has happened in Dongguan Humen town in China.

"This year’s epidemic only has little impact on the industry. As early as 2017, some clothing shops in Humen have started selling products through livestreaming platforms, a great way to tap the consuming potential of China’s third- and fourth-tier cities. That’s why the local industry can resist the risks brought by the epidemic and witness a growth in sales volume," said Wang Wei, chairman of Humen E-commerce Industrial Park. While China fosters a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other, Humen of Dongguan is once again at the forefront of reform.

Yang Tao, executive director of the Shanghai United E-commerce Research Institute, believes that the epidemic has changed consumers’ shopping habits and the demand for online shopping has been increasing significantly. The data and technology of e-commerce platforms play a key role in ensuring the unimpeded flow between supply and demand sides, production and consumption, which helps China’s domestic circulation.

"In the past, manufacturers relied on business experience to judge the styles and production quantities of clothing products. Now, they can test and pre-sell on e-commerce platforms, and based on pre-sale data, analyze whether the styles are easy to sell and determine the quantity of production, reducing the stocking risks," said Li Dingru, president of the Humen E-commerce Association.

With this change, the supply-side structure of Humen’sapparel industry has been improving to meet the consumer demands of higher quality. Take Humen E-commerce Industrial Park as an example, it provides many producer services, including training for livestreaming hosts, e-commerce marketing, online shops operation and art design to suit for the demand of transformation and upgrading of companies.

Wang Yaoming, mayor of Humen town, said that the scale and quality of Humen’s e-commerce industry have continued to improve, with optimized structure benefits and accelerated innovative development. This year, the industry has been further developing, helping stimulate consumption, attract investment, and promote employment.

In 2019, Humen, with a permanent population of about 600,000, has more than 10,000 enterprises and self-employed individual businesses engaged in e-commerce and over 150,000 relevant employees, of which 90% are engaged in the apparel industry.The online sales reached to nearly 47.8 billion yuan through third-party platforms, and about 380 million parcels were delivered through express delivery, the amounts of which have been seeing an annual growth rate of 10%.

The rapid development of the new business model fosters new growth areas. However, it also brings new problems such as low access threshold and uneven quality of employees. The local industrial parks have also faced problems like buyer complaints, nonstandard product tags, and livestreaming in disorder.

In order to regulate deviant behavior and prevent follow-up problems, the Technical Committee for Standardization of Guangdong E-commerce Industrial Parkshas been officially established in Humenin 2019. Since then, it has successively participated in the formulation of four national standards and two industrial standards, to promote the healthy and sustainable development of the industry.

According to Li Dingru, the key in standardization also lies in the close integration of employees and the industry. The local shops in Humen cultivate their own livesteaming hosts who understand the products and the brands better and are able to truly impress consumers with their products, increasing the credibility of shops while avoiding the negative effects of false publicity brought by KOL hosts or celebrity hosts.

PR Newswire

Mapúa University, Malayan Colleges Laguna and Malayan Colleges Mindanao Select McGraw Hill’s ALEKS and Connect Solutions for Math and Science Courses

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The partnership will further increase the capability to deliver quality, fully online courses

SINGAPORE, Dec. 14, 2020 — Mapúa University and its subsidiaries, Malayan Colleges Laguna and Malayan Colleges Mindanao, premier technology and engineering institutions based in the Philippines, have chosen McGraw Hill’s ALEKS adaptive learning software and Connect digital platform to enhance the learning experiences of students in Engineering, Chemistry, Mathematics, Psychology, Accounting and other course areas. The two programs will be made available to nearly 6,000 Mapúa University students in the academic year 2020-2021, representing the latest step in Mapúa University’s ongoing efforts to deliver world-class online lectures and laboratory courses.

"Mapúa University has consistently been a leader in delivering quality education to its students," said Dr. Bonifacio T. Doma, Jr., Executive Vice President for Academic Affairs, Mapúa University. "Our partnership with McGraw Hill will help to strengthen the university’s capabilities of delivering outcomes-based, fully digital education solutions that enrich our students’ learning experiences and that also help teachers to develop more creative, effective and efficient teaching styles."

For more than 20 years, McGraw Hill ALEKS has helped educators in Math and Chemistry to quickly and accurately focus in on exactly which topics students understand and which topics they need help with, empowering teachers to deliver the most effective instruction possible. Built on the theory of "knowledge spaces" from cognitive science, ALEKS (Assessment and LEarning in Knowledge Spaces) uses artificial intelligence to create personalized and dynamic learning paths for K-20 students based on their individual needs. To date, ALEKS has served more than 20 million students at thousands of K-12 schools, colleges and universities throughout the world. 

McGraw Hill’s Connect platform is a digital learning solution that also offers the course management and adaptive learning solution SmartBook 2.0, which creates a new reading experience for students. Using SmartBook 2.0, each student can better identify topics that they already know and also learn new topics through the technology’s ability to understand topics they’re ready to learn next. The software also measures the length of time each student spends on assessment and creates questions that evaluate the student’s understanding of a certain concept.

"We are proud to partner with Mapúa University to help their students achieve a higher level of educational outcomes by leveraging our industry-leading ALEKS and Connect learning platforms," said Joseph Chong, Managing Director of McGraw Hill in Asia. "As we continue to navigate the challenges of remote learning during the COVID-19 pandemic, this initiative reaffirms both McGraw Hill’s and the university’s commitment to providing innovative, high quality digital solutions to help each student succeed."

About Mapúa University

Mapúa University is a premier engineering and technological university in the Philippines. A 4-Star institution under the QS Stars Rating System and a QS Asia Top 500 university, it envisions itself to be among the best universities in the world, unceasingly fostering its long tradition of leading-edge excellence in various fields of studies and providing students a learning environment that will make them globally competitive.

Offering locally and internationally accredited academic programs and other developmental programs that provide international learning opportunities to its students, a Mapúa education meets global quality standards of the professions for which it prepares graduates.

A recognized leader in digital education and online learning in the Philippines, Mapúa continuously provides enriching and engaging learning experiences to its students using the latest in educational technology, enhancing its capability for effective teaching and learning in a digital environment.

McGraw Hill

McGraw Hill is a learning science company that delivers personalized learning experiences that drive results for students, parents, educators and professionals. We focus on educational equity, affordability and learning success to help learners build better lives. Headquartered in New York City, McGraw Hill has offices across North America, Asia, Australia, Europe, the Middle East and South America, and makes its learning solutions for PreK-12, higher education, professionals and others available in more than 75 languages. Visit us at mheducation.com or find us on Facebook, Instagram, LinkedIn or Twitter.

Contact:
Tyler Reed
McGraw Hill
(914) 512-4853
tyler.reed@mheducation.com 

PR Newswire

Renren Announces Appointment of New Auditor

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BEIJING, Dec. 12, 2020 — Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates a premium used auto business in China through its subsidiary Kaixin Auto Holdings (NASDAQ: KXIN) as well as several U.S.-based SaaS businesses, today announced the appointment of Marcum Bernstein & Pinchuk LLP ("MarcumBP") as its independent registered public accounting firm, effective December 9, 2020.

The appointment of MarcumBP was made after a careful and thorough evaluation process and has been approved by Renren’s board and audit committee.

MarcumBP will replace KPMG Huazhen LLP ("KPMG") as Renren’s independent registered public accounting firm. Renren’s decision to change its auditor was not the result of any disagreement between Renren and KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

About Renren Inc.

Renren Inc. (NYSE: RENN) operates a premium used auto business in China through its subsidiary Kaixin Auto Holdings (NASDAQ: KXIN) as well as several US-based SaaS businesses. Renren’s American depositary shares, each of which currently represents forty-five (45) Class A ordinary shares, trade on NYSE under the symbol "RENN".

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Renren may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Renren’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in our annual report on Form 20-F, the 6-K referred to above and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and Renren does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Related Links :

http://www.renren.com

PR Newswire

Secret behind speedy construction of Huoshenshan and Leishenshan hospitals

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BEIJING, Dec. 12, 2020 — A news report by China.org.cn:

At the beginning of 2020, billions of netizens at home and abroad joined online and cheered for the speedy construction of two hospitals in Wuhan. It was during the Spring Festival when CSCEC built two emergency hospitals – Huoshenshan and Leishenshan – in 10 and 12 days, respectively. The daunting tasks were completed by CSCEC through its robust supply chain and rapid construction capacity, backed by its core technologies and scientific innovations.

New model of Chinese construction

Facing dire conditions, CSCEC formulated an integrated technical standard for the emergency hospitals, from design, manufacturing, construction to operation. By translating the techniques into modular products and systematic manufacturing, the company managed to achieve speedy construction and delivery within an extremely short time.

CSCEC orchestrated a staggered workflow model with standardized components, sophisticated timeline, and systematic organization. All feasible tasks were carried out simultaneously to achieve the highest efficiency. It also used the Beidou navigation system for the precise location and to survey of the original topography and geomorphology.

New height of ‘Chinese Construction Speed’

The structures and layouts of Huoshenshan and Leishenshan were highly modular. The ward buildings take on a cabinet structure that can be assembled and combined to form medical units. And the space for medical staff and patients was neatly divided to minimize the risk of cross infection. All patient rooms were container structures built with anti-firing and anti-combustion materials, meticulously designed to be pre-fabricated in factories and assembled on site, like putting together a set of building blocks.

Because of their unique functions and higher standards of regulation, hospitals for infectious diseases are very complex in and of itself. The construction involves hundreds of companies and occupations, not to mention tens of thousands of materials and equipment – from the heavy machinery, container structures, basic construction materials, negative pressure system for ventilation, impermeable materials of environmental quality standards, medical oxygen tanks, to air conditioners and bath and toilet appliances for patient rooms, and desks and chairs for medical offices. All the manufacturing and shipping were undertaken by Chinese companies, clearly demonstrating China’s strength in infrastructure construction and hardware production. It also showcased CSCEC’s capacity in planning, coordinating, and organizing industrial production and supply chain.

The competitive edge of Chinese construction

The entire construction process of Huoshenshan and Leishenshan hospitals was supported by CSCEC’s digital regulation platform – Intelligent Construction Site – which was built upon technologies like artificial intelligence, cloud computing, and big data. By linking the 17 information systems of five categories most commonly used by hospitals, it constituted an "intelligent brain," offering a smart security system, smart logistics, smart imaging reading, and zero-contact operation. By applying building information modeling, the construction team was able to run digital simulation of laying cords and pipes with a total length of 360,000 meters, and more than 6,000 pieces of information. A three-dimensional model was generated with data and designated numbers, which was further attuned by on-site workers to the highest precision. In this way, more than 100 sub-contract projects, thousands of procedures, and more than 40,000 construction workers could work seamlessly and advance synchronously.

In addition, due to their proximity to large water bodies, the disposal of medical waste and waste water treatment was closely watched by the public as well. CSCEC worked strictly in accordance with "Construction Standards of Hospitals for infectious Diseases," executed bio-safety disposal of waste water, waste materials, and pollutants, and accomplished the goals of "zero spreading" and "zero infection."

Application of technological innovations overseas

Building upon its construction experience in China, China State Construction Engineering Corporation (CSCEC) gives full play to its advantages in providing turnkey solutions and integrated construction capabilities. CSCEC continuously promotes innovative construction technologies such as green, smart, and safe construction to go global. Major projects overseas have also demonstrated the company’s profound technology accumulation and innovation capabilities.

The China-funded Butuka Academy of Papua New Guinea is a prefabricated steel modular building constructed by CSCEC. Based on the local climatic and site conditions, its design adopted local architectural features such as large roofs and bottom overhead, and aims to make the building more ecologically and environmentally friendly on the premise of fully satisfying the functions and practicability of the building.

In November 2019, the Sukkur-Multan section of the Pakistan Peshawar-Karachi Motorway (PKM) undertaken by CSCEC was officially opened to traffic. PKM is the largest transportation infrastructure project along the China-Pakistan Economic Corridor. This project took the lead in adopting modified asphalt technology from China and green construction to build the entire route. Being able to withstand a once-in-100-year flood, it is a highway project of the highest design standard and most advanced intelligent systems in Pakistan.

In March 2020, the sea-crossing Temburong Bridge in Brunei was inaugurated. This bridge is a fully-prefabricated viaduct that has the most spans in the world to date. CSCEC employed the "fishing method" – meaning to build a bridge on the bridge – in the construction process to solve environmental problems. During construction, all the machinery and equipment stayed in the air without making contact with the marshland or damaging the rainforest. Pile foundation and pile cap construction, T-beam erection, and other operations were all completed on mobile steel platforms. Compared to traditional bridge construction methods, this project adopted full prefabricated construction that is more energy-saving and environmentally friendly. Components were manufactured at one site and assembled at another. Moving component manufacturing to a workshop not only freed up space on the construction site, but also greatly reduced the impact of dust, mud, and other construction waste on the virgin forest.

With a height of 528 meters, China Zun is the first skyscraper over 500 meters in the world that stands on an area of 8-degree seismic fortification intensity. The construction process adopted the new generation of aerial work platform independently developed by CSCEC. This platform has a carrying capacity of over 2,000 metric tons and can withstand a force-14 hurricane. It also achieved the integration of a 3,000-metric-ton tower crane and the platform. This technology was also applied in the Iconic Tower project in the central business district of Egypt’s new administrative capital. In the construction process of the Iconic Tower, the fastest building speed of the aerial work platform reached one level in five days, which greatly improved the construction efficiency and set a record in Egypt’s construction industry.

Technological innovation is the core driving force for promoting the high-quality development of the construction industry. To explore new construction methods is to realize innovation-driven development. Adhering to the corporate mission of "expanding a happy living environment," CSCEC will continuously pursue innovation-led development, strengthen technological support, and strive to develop smart construction, green construction, industrialized construction, and other technological fields, in order to contribute to the development of the global construction industry.

Secret behind speedy construction of Huoshenshan and Leishenshan hospitals
http://www.china.org.cn/business/2020-12/11/content_77002563.htm

 

PR Newswire

[Ending poverty in China: Data speak] How did China lift nearly 100 mln people out of poverty in 8 years

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BEIJING, Dec. 11, 2020 — A video by China.org.cn on How did China lift nearly 100 million people out of poverty in 8 years? The detailed methods and policies taken in the past few years.

 

How did China’s targeted poverty alleviation efforts help lift nearly 100 million people out of poverty in just eight years as its rural impoverished population decreased from 98.99 million in 2012 to 5.51 million in 2019?

Accurate identification of poverty alleviation targets

China’s absolute poverty line is higher than the World Bank’s. China’s poverty threshold is 2,300 yuan of yearly income per person in constant 2010 prices, which is higher than the WB’s US$1.90-a-day standard.

Income statuses and causes of poverty have been identified accurately.

Efforts have been made to understand impoverished families’ food, housing, work, education, healthcare situations to design specific plans to escape from poverty.

Targeted implementation

Millions of poverty reduction officials have worked in impoverished areas and helped the households solve real problems.

More than 3 million outstanding government officials working at the city level and higher have been helping reduce poverty in rural China in addition to the 2 million officials who were already working in villages and townships.

The central government has provided a large amount of funding for the endeavor.

Broad participation has occurred throughout all sectors of society including pairing assistance, east-west cooperation, and consumption-oriented poverty reduction.

Industries have also been developed based on local conditions.

Efficient management

A poverty alleviation funding management system was created that helps ensure that funds are used effectively and that there is accountability for improper use.

Assessment of sufficient access to food, clothing, education, healthcare, and safe housing and an extensive satisfaction survey and third-party evaluation help to ensure that poverty alleviation achievements withstand the test of history.

[Ending poverty in China: Data speak] How did China lift nearly 100 mln people out of poverty in 8 years? http://p.china.org.cn/2020-12/11/content_77002022.htm

 

Related Links :

http://china.org.cn

PR Newswire

H3C Embarked on the Digital Tour in the Philippines: Ushering in the New Digital Era

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MANILA, Philippines, Dec. 11, 2020 — H3C, the leader in digital solutions, has hosted a session of its ongoing global digital tour in the Philippines on December 11, highlighting the technology and service capabilities that are crucial to the advancement of a digital economy.

Gary Huang, President of the International Business and Senior Vice President of H3C, led the digital tour and emphasized H3C’s strong confidence and determination in supporting the digital transformation of the Philippines.

"The Philippines is showing strong economic momentum. This means there is greater urgency to develop the digital economy, and H3C has been working closely with local well-established ICT partners and meeting the customers’ demands to promote the digital transformation with our advanced solutions," said Gary Huang.

H3C Digital Tour 2020-Philippines was launched on December 11 to promote engagement and empower the growth together with the clients and ecosystem partners in the Philippines.
H3C Digital Tour 2020-Philippines was launched on December 11 to promote engagement and empower the growth together with the clients and ecosystem partners in the Philippines.

The technology and products experts from H3C launched its signature innovative products such as switch and certificated Wi-Fi 6, along with its flagship digital solution Application-Driven Networking (AD-NET) 5.0, which leveraging Software Defined Network (SDN), artificial intelligence, big data, and cloud to provide a proactive, adaptive and versatile network. Applicable three network structuring scenarios — campus network, data center, and traffic steering, H3C is now capable to empower clients to build a highly advanced enterprise network with lower total cost of ownership (TOC) and higher communication efficiency with its AD Campus, AD-DC and AD-WAN solutions. Furthermore, also launched at the event, the company’s Wi-Fi 6 products, which passed the Tolly Group’s test, have shown industry-leading performance especially in high-density access, stability, and wireless speed.

"Since last year, H3C has embarked on exploring the Philippine market. So far, we’ve achieved progress in cooperation with many partners and clients across various industries." said Leon Ang, Country General Manager of H3C Philippines.

This May, The Department of Information and Communications Technology (DICT) of the Philippines stressed the importance of advancing digital transformation amid the current COVID-19 crisis affecting the Philippine economy, and announced to give full efforts to continue to implement programs aimed at digitalizing the government, the community, and the economy.

"In the Intelligence Era, we aim to help propel the digital transformation forward in the Philippines not only by providing cutting edge ICT products and technology but also by empowering the local partners and customers in cultivating professional ICT talents with comprehensive training and certification system and programs, to grow together in a good ecosystem for a win-win situation," remarked Gary Huang.

PR Newswire

CBAK Energy Announces the Closing of $49.2 Million Registered Direct Offering

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DALIAN, China, Dec. 11, 2020 — CBAK Energy Technology, Inc. ("CBAK Energy", or the "Company", NASDAQ: CBAT), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it closed the registered direct offering of approximately $49.2 million of common stock at a price of $5.18 per share on December 10, 2020, as previously announced on December 8, 2020. The Company issued a total of 9,489,800 shares of common stock to the institutional investors. As part of the transaction, the Company also issued to the investors warrants ("Warrants") for the purchase of up to 3,795,920 shares of common stock at an exercise price of $6.46 per share, which Warrants have a term of 36 months from the date of issuance. The net proceeds from this offering will be used for general corporate and working capital purposes, including the repayment of some outstanding debts.

FT Global Capital, Inc. acted as the exclusive placement agent and The Benchmark Company, LLC acted as co-agent for the transaction. 

Bevilacqua PLLC acted as counsel to the Company and Schiff Hardin LLP acted as counsel to the placement agent in connection with the offering. PacGate Law Group provided due diligence services to the placement agent in connection with the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. All offers were made only by means of a prospectus, including a prospectus supplement pursuant to the Company’s effective shelf registration statement and base prospectus contained therein. The shelf registration statement (SEC Filing No. 333-250893) relating to the offering was filed with and declared effective by the Securities and Exchange Commission (the "SEC") on December 3, 2020. A prospectus supplement related to the offering was filed with the SEC on December 9, 2020 and is available at www.sec.gov.

For further details of this transaction, please see the Current Report on Form 8-K filed with the SEC on December 9, 2020 which may be viewed at www.sec.gov.

About CBAK Energy Technology, Inc.

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise engaged in the R&D, manufacture, and sales of high power lithium batteries. The application of its products and solutions covers such areas as electric vehicles, light electric vehicles, electric tools, transportation and energy storage. As the first lithium battery company in China listed in NASDAQ in 2006, CBAK Energy possesses China’s first production base specially engaged in power battery, and has multiple operating subsidiaries in both Dalian and Nanjing and a large-scale R&D and production base in Dalian.

For more information, please visit www.cbak.com.cn

Safe Harbor Statement 

This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

 

Related Links :

http://www.cbak.com.cn/

PR Newswire

New FORCAM FORCE EDGE Solution Now Available for Purchase on SAP® App Center

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By integrating with SAP Digital Manufacturing Cloud, the FORCAM FORCE EDGE solution delivers full connectivity of heterogeneous machine parks to customers

RAVENSBURG, Germany, Dec. 11, 2020 — Smart-factory specialist FORCAM today announced that its new FORCAM FORCE EDGE solution is now available for purchase on SAP® App Center, the digital marketplace for SAP partner offerings. FORCAM FORCE EDGE integrates with SAP Digital Manufacturing Cloud and enables customers to connect assets and machines, particularly from the brownfield.

Dr. Andrea Rösinger, Co-CEO and CTO at FORCAM commented, "For smart real-time analytics, manufacturing companies need to use cloud infrastructures. The integration of our FORCAM FORCE EDGE solution with SAP Digital Manufacturing Cloud helps enable customers with a brownfield approach on the shop floor by connecting heterogeneous machine parks and networking with SAP solutions. Customers benefit from one single source to the truth for SAP analytics tools throughout the company."

A comprehensive brownfield connection is required to unleash the full potential of SAP Digital Manufacturing Cloud. The FORCAM FORCE EDGE solution offers smart connectivity. Signals of existing machinery, from semi-intelligent machines to machines that were never intended for digitization, can be understood, translated, and communicated to shop floor and top floor.

FORCAM FORCE EDGE digitally connects heterogeneous machine parks, such as machines of different age and from different producers. The central intelligence of data-norming provides a machine data model for real-time analysis, enabling customers to turn a machine park into an asset for the company.

"With FORCAM FORCE EDGE, clients can connect their brownfield with SAP solutions and integrate them into SAP processes, allowing customers to seize the full benefits of digital twins," commented Mani Pirouz, SVP & Global Head of Partner Innovation at SAP SE.

Features of FORCAM FORCE EDGE include:

– Connectivity for machines that were not intended to work in a digital environment, regardless of construction year 

– Connectivity for semi-intelligent machines such as machines with numerical control (NC) programs

– Support for industry communication standards, for example for example OPC/UA (Open Platform Communications Unified Architecture), MTConnect (Manufacturing Technology Connect) or MQTT (Message Queuing Telemetry Transport)

– Interface Edge API

Added value:

– Optimize brownfield for the future

– Digitize machines easily with a universal interface, regardless of age

– Compare heterogeneous machines on a uniform data layer

– Provide data basis for the identification of optimization potentials

– Smoothly integrate into lean management strategies and Plan-Do-Check-Act (PDCA) 

For more information, find FORCAM FORCE EDGE at SAP App Center, where businesses can discover approximately 1,600 innovative partner solutions that integrate with and extend SAP solutions. There, customers can find the SAP-validated partner apps they need to grow their business. And for each purchase made on SAP App Center, SAP will plant a tree. Find, try, and buy SAP partner solutions digitally at www.sapappcenter.com.

FORCAM is a partner in the SAP PartnerEdge® program. As such, it has access to tools, training, resources and benefits that partners need to deliver the solutions and services customers demand. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract.

– Picture is available at AP Images (http://www.apimages.com) –

About FORCAM

FORCAM supports companies by significantly increasing their efficiency in production and planning. FORCAM provides a platform solution for data-driven manufacturing. The solution is used by internationally active large and medium-sized companies alike – including BorgWarner, Dynomax Aerospace, Howmet Aerospace (formerly Arconic), Kostal, Krones, Lockheed Martin, Richards Industrials, Schaeffler. More than 100,000 machines worldwide are already connected with FORCAM technology. FORCAM is headquartered in Ravensburg, Germany, with offices in USA (Cincinnati), England (Rugby) and China (Shanghai). www.forcam.com  

Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries.  Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

For more information, press only:

Matthias Kasper
Corporate Communication
FORCAM GmbH
An der Bleicherei 15
D – 88214 Ravensburg
Tel: +49 (0) 75 1 / 3 66 69 28
M.   +49 (0) 160 / 9014 35 19
matthias.kasper@forcam.com 

PR Newswire

BookDoc won the Pfizer and Alibaba jointly organized competition – Healthcare Fintech Alliance (HFA) Innovation Challenge, Asia

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KUALA LUMPUR, Malaysia, Dec. 11, 2020 — BookDoc, a home-grown Malaysian health-tech company (with presence in 5 countries and 20 cities, MY, SG, HK, TH, IND), has again been recognised as the top health-tech company across Asia, battling over 100 other participants across Asia. The company has bagged top spot in the Innovation Challenge hosted by Healthcare Fintech Alliance (HFA), an alliance comprised of industry giants among them, Alibaba and Pfizer as well as Fintech Academy Singapore.

(from top: Dr. Lilian Koh, CEO of Singapores Fintech Academy; Founder and CEO of BookDoc, Dato’ Chevy Beh)
(from top: Dr. Lilian Koh, CEO of Singapores Fintech Academy; Founder and CEO of BookDoc, Dato’ Chevy Beh)

The HFA was formed to jump-start transformation across Asia Pacific’s health-tech and fin-tech sectors. Under this alliance, each partner will provide their expertise and support to start-ups in these two sectors, with the goal of driving innovative solutions for challenges faced in the healthcare industry.

As the winner of the HFA Innovation Challenge, BookDoc will bring home the prize money of USD50,000 from Pfizer, USD10,000 from Alibaba Cloud, along with the regional support, mentorship and backing of Alibaba, Pfizer and Fintech Academy Singapore.

The Award ceremony was held in-conjunction with ASEAN Responsible & Inclusive Business Forum (RIBF) 2020 on 10th December, The RIBF is a prestigious event attended by numerous industry and government leaders, including Ambassador Ong Keng Yong, Singapore’s Ministry of National Development, Ministry of Foreign Affairs; Ms. Sim Ann, Senior Minister of State for the Ministry of Communications and Information, Ministry of National Development; Mr. Edwin Tong, Minister for Culture, Community and Youth; CIMB ASEAN Research Institute; Google; Microsoft; Huawei; Nestle; and AWS. The grand prize was presented by Mr Sridhar, Managing Director of Pfizer India to BookDoc’s Founder and CEO, Dato Chevy Beh.

"We are honoured to go through this rigorous process and to be selected as the most innovative company across Asia by industry experts among them tech-giant, Alibaba and leading pharmaceutical company, Pfizer which is the first company to be 94% FDA approved for COVID-19 vaccination to combat this pandemic."

ABOUT BOOKDOC

BookDoc, with a presence in 5 countries and 20 cities (Malaysia, Singapore, Indonesia, Hong Kong and Thailand), is an online platform that operates across the healthcare continuum connecting patients to healthcare professionals anytime and anywhere, while incentivising people to stay active.

It has established an integrated online ecosystem which comprises seven (7) comprehensive platforms i.e.

  1. Search & Book : Allows users to search and book healthcare professionals anytime and anywhere, and integrates seamlessly with navigation (Google Map, Waze), transport (Grab, Uber, Malindo Air), accommodation (Agoda, Airbnb) and recommended restaurants & attractions (TripAdvisor) for a hassle-free and enjoyable overall healthcare appointment experience;
  2. Activ : The higher the step count, the greater the rewards! By exercising, users can earn rewards and discounts from over 100 major retail partners in 12 countries (redeemable across over 4,400 offline and online locations);
  3. Marketplace : A premium e-Commerce platform with a variety of health services available which users can enjoy at discounted rates and redeem at hospitals, clinics and other health/wellness facilities with over 5,000 SKUs (ranging from health-screening, dental, gym membership, RT-PCR COVID-19 Test, etc.);
  4. Tele-Consult : Professional consultation from the comfort of your own home, Tele-Consult brings healthcare to users’ fingertips with specialists covering children, skin, mental, women’s and sexual health through a live chat session with healthcare practitioners;
  5. Events & News : The latest medical & health information made available along with events (health conferences, marathons, blood donation drive etc.);
  6. Health Coaching : Users can reach out to our team of in-house nutritionists and dietitians on dietary advice to achieve their desired goals;
  7. COVID-19 Feature : Lab Uberisation of RT-PCR COVID-19 Test at the comfort of people’s homes; Webinar sessions on COVID-19 related matters; Tele-Consultation for Mental Health.

Link of our 7 features: https://www.youtube.com/watch?v=aItH4kcLPdI

The company is backed by a diverse group of investors from entrepreneurs to seasoned healthcare and insurance professionals, bankers, regulators as well as ICT professionals. It is available online at www.bookdoc.com, App Store, and Google Play Store.

BookDoc is a multi-award-winning company that has won awards from CNBC as one of the World’s Top 100 Startup Companies; ASEAN Summit (Business Awards 2019-2020) as the most innovative startup in the region and also by Frost & Sullivan (2015-2019) as one of the most innovative healthcare technology startups in the region.

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PR Newswire

Synechron Acquires Attra

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Expanding competencies with end-to-end banking and payments technology services.

NEW YORK, Dec. 11, 2020 — Synechron Inc., a leading Digital Transformation consulting firm for the financial services industry, today announced the acquisition of Attra, an Australia-based technology services and solutions provider, headquartered in Melbourne, and focused on the banking, finance, and payments industries. Attra is one of the leading pure play payments solutions providers with a global delivery footprint in Australia, New Zealand, North America, Europe, the Middle East, and APAC. It has development centers in Melbourne, Australia; Dubai, UAE; and Bengaluru, Hyderabad, and Pune, India.

Founded in 1995, Attra brings Synechron 25 years of deep domain expertise in providing consulting, application development & maintenance, and quality engineering services to clients worldwide, across the payments value chain. Attra’s comprehensive cards and payments services complement the digital, consulting, and technology services that Synechron currently provides for its clients. Attra’s core offerings span the entire software lifecycle, with end-to-end offerings across four key industry verticals – FI and Payment Companies, Third-party Payment Processors and Payment Gateways, Retailers, and Next-Generation Payments. Synechron will further strengthen its technology capabilities through the addition of Attra’s core technology horizontals focused on Payment & Banking Platforms; Intelligent Automation; IT Infrastructure & Cloud; UI/UX, Mobility & Channels; and Information Management.

Post-acquisition, Attra will retain its brand identity but become a Synechron company. Attra’s global team of around 2,000 technology experts in the banking and payments domains will add to Synechron’s already vast pool of talent. Synechron’s and Attra’s combined global footprint will enable both to further expand its geographic span. This alignment will also enable the co-development of future-looking innovative solutions, both through Synechron’s 13 award-winning global Financial Innovation Labs (FinLabs) and Attra Labs, which prides itself on enabling the future now, by engineering payment solutions and creating tools and processes that shape the evolution of technology.

Terms of the deal have not been disclosed. Avendus Capital is Attra’s financial advisor on this transaction.

Faisal Husain, Co-founder and Chief Executive Officer of Synechron, explained, "We provide our clients with a comprehensive set of digital transformation capabilities and the acquisition of Attra enables us to strengthen our service offerings. Moving forward, our combined workforce will top 10,000 employees and annual revenue of $650M+. The enhanced competencies that Attra brings will allow us to further advance our clients’ banking & digital payment technology services while ensuring regulatory compliance." He added, "Attra’s end-to-end payments technology services will blend nicely with our digital innovation that is at the very core of Synechron’s DNA. We welcome the Attra team into the Synechron family."

Chris van Buuren, CEO of Attra, commented, "The payments industry is experiencing a full-fledged digital transformation that is being fueled by exciting new technology advancements and regulatory and competitive changes. We are very excited to join with the passionate team at Synechron as we continue our mission to be strategic partners with organizations in the financial services industry and empower them with a full suite of digitally-led technology services and solutions in payments." 

This acquisition of Attra marks the second acquisition Synechron has closed in the past six weeks. On October 23, Synechron announced its acquisition of Citihub Digital, a London and New York-based technology consulting firm for the financial services industry. Citihub Digital brought Synechron expert competencies on application modernization, cloud enablement, cybersecurity and operating model transformation. Both acquisitions renew Synechron’s deep commitment to partner with top-notch digital transformation companies and their domain experts in accelerating digital for the entire financial services ecosystem across the globe.

About Synechron

Synechron is a leading Digital Transformation Consulting firm for financial services, Accelerating Digital for financial institutions by providing innovative solutions to the financial services industry through three main business focus areas: Digital, Business Consulting, and Technology. Based in New York, our company has 18 offices around the globe, with over 10,000 employees producing over $650+M in annual revenue. For more information on the company, please visit our website or our LinkedIn community.

About Attra

Attra is a technology services and solutions provider in the banking, cards, and payment domains, with comprehensive expertise and experience spanning 25 years. The company builds strong strategic partnerships with global players in the banking and financial service industry, to provide quality-assured, information-secured consulting, application development, and quality engineering services. It has a global team of around 2,000 domain experts, and sales, marketing, and delivery centers across 13 countries. Please visit the Attra website for more information on the company.

For more information contact:

Atul Tajave
Director-Global Marketing & Communication, Synechron
media@synechron.com

OR

Shashwath Bopaiah
Head of Marketing and Corporate Communications, Attra
media@attra.com.au

 

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