Yearly Archives: 2020

PR Newswire

SCRIPTS Asia and Aiera Partner to Unlock Investor Meeting Access to More Than 1,000 Asia Pacific Companies

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SEATTLE, Wash., Sept. 25, 2020 — SCRIPTS Asia Inc., the leading provider of investor event data for Asia Pacific, announced today that it has received a strategic investment and has joined forces with Aiera, an event intelligence and insights platform. Aiera’s users will now have access to earning meetings and other events for more than 1,000 Asia Pacific regional equities through the Aiera platform.

"Access to investor meetings have traditionally been more restrictive in Asia than for U.S. companies," said Ken Sena, CEO and co-founder of Aiera. "Particularly during a global pandemic when travel is challenging, SCRIPTS Asia has been instrumental in helping our users gain direct, timely access to complete event coverage for companies spanning across eight Asia Pacific markets."

This new partnership will offer Aiera’s users access to event audio files, local language transcripts and English translations for key events in Asia.  The alliance will also empower mutual customers to quickly monitor and filter these events based on topic, theme, specific company or product mention, and more — all in the language of their choosing.  

"We are excited to showcase our coverage of Asia Pacific investor events through Aiera’s desktop solution," said Erik Abbott, CEO and founder of SCRIPTS Asia. "Aiera’s machine-learning enabled tools will enable analysts and portfolio managers to efficiently consume and intelligently monitor over 3,500 Asia Pacific investor meeting transcripts; a dataset previously inaccessible to investors."

SCRIPTS Asia also revealed that it has received a strategic investment from Aiera. The funding will go towards expanding event coverage and increasing event types later in the calendar year.  Recently, SCRIPTS Asia celebrated its 1,000th covered company milestone and announced coverage of eight markets in Asia Pacific.

About SCRIPTS Asia

Founded in 2018, SCRIPTS Asia is the leading source of event coverage in Asia Pacific for institutional investors worldwide with offices in the United States, Japan, Hong Kong and Singapore. Please visit www.scriptsasia.com further information.

About Aiera

Aiera’s event access and monitoring intelligence platform improves earnings season (and the investor events in between) through comprehensive calendar tracking, one-click event access, dynamic monitors, multicasting, and more. Powered by an advanced language processing engine, which consumes 40,000+ investor events annually, across 10,000+ global equities, Aiera empowers professionals from investment teams, corporate strategy, and business development roles. Aiera tracks over 4 million global information sources, regardless of language or geography, and covers the leading number of investor events, all major news and media, industry blogs, and regulatory filings. Across this information, users can build their own monitors or select and configure among those created by Aiera’s in-house research team.

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http://www.scriptsasia.com

PR Newswire

AB Electrolux to propose reinstated dividend based on recovery in earnings and cash flow

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STOCKHOLM, Sept. 25, 2020 — After assessing the company’s financial position and the impact of the coronavirus pandemic, the Board of Directors of AB Electrolux has decided to propose a dividend of SEK 7 per share for the fiscal year 2019. Electrolux has seen a substantial recovery in earnings and cash flow during the third quarter, with pent-up demand and government stimulus programs impacting consumer spending patterns and thus driving a positive development in all business areas.

On March 23, 2020, the Board of Directors withdrew its SEK 8.50 per share dividend proposal for the AGM 2020, in light of the then considerable uncertainty relating to the medium-term effects of the pandemic. Since then however, as was communicated in the second quarter report on July 17, market demand has begun to recover. In line with the outlook, demand has remained strong during the third quarter. Electrolux estimates that the negative impact initially seen related to the pandemic will largely be recovered in the operating profit for the nine-month period ending September 30, including a strong improvement in cash flow. Looking into the fourth quarter, visibility remains limited as demand may be impacted by several factors – both positive and negative – but at present, Electrolux anticipates financial performance to gradually normalize.

The Board of Directors therefore has concluded that a dividend can be proposed without jeopardizing Electrolux financial position. It will call for an Extraordinary General Meeting on November 3, 2020, to decide on a proposal for a dividend for the fiscal year 2019 of SEK 7 per share, to be paid in one installment. The Board will also propose that a performance based long-term share program for 2020 is implemented in line with its original proposal for the AGM 2020.

The Extraordinary General Meeting will also decide on a proposal from the Board of Directors to include a possibility in the Articles of Association to allow voting by post and to collect proxies before general meetings. Further details regarding the Extraordinary General Meeting will be provided shortly in a separate notice for the meeting.

Electrolux report for the third quarter of 2020 will be published on October 23, 2020 at about 0800 CET. The company will then provide an updated market and business outlook for the full year 2020.

This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 0830 CET on September 25, 2020

For further information, please contact:                                          
Daniel Frykholm
Electrolux Press Hotline
+46 8 657 65 07

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

https://news.cision.com/electrolux/r/ab-electrolux-to-propose-reinstated-dividend-based-on-recovery-in-earnings-and-cash-flow,c3202835

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PR Newswire

Pangyo Techno Valley’s 100 Bio & Medical Special – MIK HOT SPOT Online Exhibition to open on September 4

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New attempt to promote Korean companies to domestic and foreign markets in post-coronavirus era.

SEOUL, South Korea, Sept. 25, 2020 — AVING NEWS’ Korea’s only convention media and online exhibition center by itself, began this project to help Korean companies to enter the domestic and foreign markets through MIK HOT SPOT (Made in Korea Online Exhibition) on its way to become the global online hot spot.

The online exhibition consists of opening the MIK ONLINE HOT SPOT exhibition, business introduction video for buyers and investors, domestic and global promotion, target promotion for MIK HOT SPOT network, and post-management after contacting the buyers and investors, open for 365 days a year.

The five companies that participated in the MIK HOT SPOT_Pangyo Techno Valley 100 Bio & Medical Special are as follows:

  • M2S
  • Rootee Health
  • Exosystems
  • Genome & Company
  • AllLive Healthcare

– M2S

M2S, a digital healthcare specialist, is a startup company that develops and operates eye-related care services and platforms, including its VR ophthalmic testing device VROR. M2S has received spotlight in the global market when VROR, the ophthalmic testing device using virtual reality (VR), was approved by the US FDA in December of last year. The company has 12 domestic and foreign patents related to ophthalmic examination, including the domestic original patents for ophthalmic examination with VR and eye tracking technology. To enter the global market with the ability to create innovative VR AR-based digital contents, M2S is planning to launch Eye.Dr VR, a digital healthcare solution for eye health management in September.

– Rootee Health

ELI Solution provided by Rootee Health is an eye disease test solution that can be easily used by the general public. The feature of this product lies in the eye examination automation technology that automates the process of obtaining good images with AI technology while being portable. "If you just place your face like a VR, the eye exam is done within 10 seconds, and you can finish the eye exam for both eyes within 30 seconds. It is the first portable automatic photographic eye exam device. Because it is portable, it has a big advantage over conventional fixed fundus camera," CEO Guk Gyeong-min said.

– Exo Systems

Lee Hu-man, the CEO of Exosystems, has developed ExoRehab that helps rehabilitate the musculoskeletal system as he founded the company. CEO Lee said, "The most core value of ExoRehab is to train and restore the muscles that make up the musculoskeletal system. The biosignal wearable device analyzes the biosignals of the wearer and provides an exercise program suitable for them in software form. For those who have difficulty in exercising, it provides medical electrical stimulation to help restore muscle."

– Genome & Company

Genome & Company is a bio-venture company established in 2015, developing next-generation innovative new drugs in the field of immune anticancer drugs such as microbiome, new target immune checkpoint inhibitors, and fusion proteins to overcome unmet medical demands of cancer patients. The company is the first Korean microbiome research and development company to collaborate in a clinical trial of concomitant use and supply contract of Merck and Pfizer’s immune anticancer drug Avelumab (product name: Bavencio) and its own immune anticancer microbiome treatment (GEN-001) in December last year. In April of this year, the US Food and Drug Administration (FDA) approved the clinical trial plan (IND), and the clinical trial of concomitant use is in progress. Along with this. in December last year, it concluded an MOU with LG Chem for the exclusive development and commercialization rights for GEN-001 in Korea and the East Asian region.

– AllLive Healthcare

AllLiveC is a platform operated by AllLive Healthcare, Korea’s no. 1 clinical trial support service provider. It is providing the clinical trial online/offline integrated brokerage service that connects applicants who want to participate and the clinical trial centers. Clinical trial is the most important process in the development of new drugs, and a huge amount of time and money is spent. AllLive Healthcare has the goal to innovate these clinical trials with IT technology, and as the first step, it has made the platform that provides the service of recruiting and managing the subjects for clinical trials. By using the IT technology, the recruitment of clinical trial subjects that had been conducted manually is done by AllLiveC, the clinical online/offline clinical trial brokerage service’ It is announcing the clinical trials by online media.

Pangyo Techno Valley, which participated in MIK HOT SPOT (Made in Korea Online Exhibition), is a business platform where companies with innovative products and technologies are gathered. About 1,300 companies in IT, CT, and BT sectors are based here. Innovative companies with global capabilities like Kakao, NHN Entertainment, AhnLab, Krafton, NCSOFT, Nexon, and Hancom, and advanced technology research institutes like Advanced Institute of Convergence Technology, KAIST, ETRI, and KETI are working together.

The global news network AVING News has begun holding the MIK Hot Spot (Made in Korea Online Exhibition) to help small and medium-sized companies enter the market and attract investment 365 days a year. AVING News has been running online exhibitions since 2005 and had 975 online exhibitions so far. Its YouTube online exhibition has placed itself as Korea’s largest online exhibition hall that opens with 19,000 videos (booths) with more than 800,000 visits per month which means more than 10 million visits per year.

The MIK HOT SPOT online exhibition is scheduled to be held regularly according to the field, target market, and participating institutions, and it will be presented as a new type of online business by transforming the know-hows and values of the participating companies according to the trend. Companies that want to participate can apply and apply through the marketing support projects from supporting institutions in the local governments. Refer to the institutions for more information.

– Go to MIK Hot Spot (Made in Korea Online Exhibition) special page
http://www.madeinkorea.tv/

PR Newswire

Shadow Arena Reveals New Hero Ba-Ri and Heilang

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SEOUL, South Korea, Sept. 25, 2020 — Pearl Abyss announced today that new Hero, Ba-Ri and Heilang, has arrived in Shadow Arena. Players can now play this perfect duo to perform various combat styles in the battelfield. 

Shadow Arena Reveals New Hero Ba-Ri and Heilang
Shadow Arena Reveals New Hero Ba-Ri and Heilang

Ba-Ri was the princess of a fallen kingdom who has escaped from the army with help from Hwisa and Heilang. She is now ready to begin her new adventure with her life-long friend Heilang to discover who she truly is.  

Players can now play the new Hero Ba-Ri and Heilang, a unique character duo that has a different combat pattern due to Celestial Bo Staff and Heilang. Heilang has the ability to keep attacking the target even if Ba-Ri is stunned or cannot move. Players can order Heilang to attack enemies or stand down and battle while riding on it. Moreover, players can move directly to Heilang’s location or make Heilang come near her.  

In the meantime, the Daily Quest Clear Event will be held until October 8. Players who complete the "First Solo match!" quest will receive a Skin Ticket. Those who collect 7 Event Tickets can obtain a special Gerhard Shultz Skin. Merch Tickets will also be given for completing other daily quests which will give players a chance to get a special prize such a gaming keyboard, mousepad package, and Shadow Arena merch. 

Visit the official website, Discord, Facebook, YouTube, and Twitter for more information.    

About Pearl Abyss  

Best known for the MMORPG franchise Black Desert, Pearl Abyss is a leading developer in the game industry. Established in 2010, Pearl Abyss has since developed Black Desert for PC, mobile, and console, and is developing Shadow Arena for PC and console. All of Pearl Abyss’ games are built on the company’s own proprietary engine and are renowned for their cutting-edge graphics. The company is also developing Crimson Desert, DokeV, and PLAN 8 and is poised to continue its growth through 2020 and maintain its position as one of Asia’s leaders in game development. More information about Pearl Abyss is available at: www.pearlabyss.com 

Photo – https://photos.prnasia.com/prnh/20200925/2928674-1?lang=0

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PR Newswire

Global Banking & Finance Review Magazine Launches its Native Android & iOS Apps

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SINGAPORE, Sept. 25, 2020 — Global Banking & Finance Review Magazine, a world-renowned financial magazine, has launched mobile apps that make the magazine’s valuable content accessible to the public at no cost.

The magazine covers global topics on business, finance, banking, technology, trading, insurance, investing, and leadership. The magazine has evolved from the growing need to have a more balanced view of informative and independent news within the financial community. 

The experienced contributors of the magazines provide in-depth information that grants valuable insights into the latest happenings in the relevant fields. Leading players and key figures of the industry can gain this critical information from within the finance sector for free via the newly launched apps. Launching these apps is a part of Global Banking & Finance Review’s consistent efforts to make quality financial information accessible, palatable, and easily available to the public.

The Financial magazine provides ground-breaking coverage across various topics from across the world. The magazine is divided into Asian, African, American & European sections, offering articles, news, and analysis written by experts within various industries. Information like this, although extremely important and valuable, is not easy to access even in the Age of the Internet. That is the gap GBAF is seeking to address with its new apps.

With these apps, Global Banking & Finance Review has made it easier for the common man to access information that can radically change the way they manage their financial lives. To make the experience even better, the apps carry no ads. Of late, people have started going to great lengths to avoid being bombarded with ads while making use of free content. The Global Banking and Finance Review apps offer an ad-free experience while giving access to all the issues of the Global Banking & Finance Review Magazine. Smartphone users can now view all these magazines and use them to form better financial decisions.

Click on the following links to download the apps

For Android – Global Banking & Finance Review Magazine
For iOS – Global Banking & Finance Review Magazine

PR Newswire

Huawei Launches the FusionServer Pro V6 SAP HANA Solution for Enterprise Digital Transformation

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SHANGHAI, Sept. 25, 2020 — At HUAWEI CONNECT 2020, Huawei has released the FusionServer Pro V6 SAP HANA solution. Guests from SAP, Intel, and SUSE have attended the launch event and delivered speeches on their innovative journey with Huawei throughout the years, as well as future expectations of joint projects.

Huawei Launches the FusionServer Pro V6 SAP HANA Solution for Enterprise Digital Transformation
Huawei Launches the FusionServer Pro V6 SAP HANA Solution for Enterprise Digital Transformation

The Huawei FusionServer Pro V6 SAP HANA solution, consisting of the x86-based proprietary FusionServer Pro series and the SAP HANA in-memory database, features high performance, high reliability and smooth expansion, empowering enterprises to scoop data values in time for more business opportunities. The next-generation FusionServer Pro 2488H V6 houses four 3rd Gen Intel® Xeon® Scalable processors, with 48 DDR4 DIMMs, 11 PCIe 3.0 slots, and up to twenty-five 2.5-inch drives for local storage, and runs on the Intel® Optane™ persistent memory (PMem) 200 series to provide superior computing power, larger memory capacity, and more flexible configuration.

The Huawei FusionServer Pro 2488H V6 server, which has been SAP HANA tailored data center integration (TDI) technically validated and SAP HANA Appliance and SUSE YES certified in July and August 2020, is a new member to the Huawei FusionServer Pro family with SAP HANA solutions. Initiating the cooperation with SAP since 2012, Huawei has accumulated ample experiences with SAP HANA solutions. The Huawei SAP HANA solutions are currently applied in more than 25 industries, including manufacturing, energy, retail, finance, transportation, and education.

With the popularization of technologies such as 5G, AI, and IoT, mounting demands for data processing are only to be expected. Huawei will continue to cooperate with its partners, such as Intel, SAP, and SUSE, and launch innovative and competitive products and solutions with higher performance and quality, leading the global digital wave and facilitating enterprise digital transformation. 

Photo – https://photos.prnasia.com/prnh/20200925/2927620-1?lang=0

 

 

PR Newswire

Aetos Wins Two Trophies at the Global Forex Awards

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LONDON, Sept. 25, 2020 — AETOS Capital Group (AETOS) has bagged another two awards at the Global Forex Awards presentation. The well-deserved titles "Best Forex Introducing Broker Program – Global" and the "Most trusted Forex Broker – Asia" add to the trophy lists that the market leading Forex Firm has achieved over the years.

 

 

According to Global Forex, the award’s champion is for cutting-edge technology, low-cost trading, comprehensive market research tools, advanced educational programs and world-class customer service to consumer/trader business. 

AETOS’ success comes with years of expertise and ongoing contributions to the Global Forex market.

In the past year, AETOS helped to donate to the frontline hospitals in the event of the global fight against Coronavirus, greatly phrased by the Australian local community. AETOS also very proudly renewed its partnership with Sydney FC for a third consecutive AFC Champions League campaign, which has further consolidated AETOS’s influence in the Asia-Pacific market.

AETOS has been working extremely hard to enlarge its market share in Asia, particularly in South East Asia. With a huge base of clients, the recognition from clients as well as Global Forex companies will encourage AETOS to work even harder in the coming years.

With the growing trading activity and increasing client numbers over the last few years, AETOS just announced its new CRM system in 2020, AETOS’ new BizCentre. With cutting edge technology, this new system is very user-friendly, enabling clients not only easily manage own account and client base in one place, but most importantly, effortlessly expand introducing broker business.

Product wise, share CFDs were included into the products that AETOS offered. The clients are able to speculate on the price movements of public listed companies on Australian and US Stock Exchanges on top of FOREX, indices, metals and energy CFDs products.

Although (due to Covid-19) Global Forex Awards ceremony will not happen this year, the organizer will be supporting the COVID-Solidarity Response Fund for the WHO with a financial donation that would otherwise have been used to host the official award winner’s ceremony.

While accepting the two awards, Company Director Ting Ji, praised the Global Forex’s move and is very proud to be part of it. He also pointed out that the awards showed the market recognition to AETOS’ effort in the past and the company will aim even bigger and higher in the future.   

www.aetoscg.com

Logo – https://techent.tv/wp-content/uploads/2020/09/aetos-wins-two-trophies-at-the-global-forex-awards.jpg

 

Related Links :

http://www.aetoscg.com

PR Newswire

2020 World System Integrator Conference to Create an International System Integration Brand

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TAIPEI, Sept. 25, 2020 — The 2020 World System Integrator Conference (WSIC) online forum week, organized by System Integration Promotion Alliance (SIPA), covers smart cities, international cooperation in system integration, and the current developmental needs of countries. More than 100 overseas manufacturers and 350 people participated in the event.

The speakers from the four Taiwanese manufacturers and Ms. Vivian Huang (Director General, III) From left to right：Syscom Group President, James Liu, Aaeon Technology Senior Advisor, Steve Hsu, Director General, III, Ms. Vivian Huang, Glory Technology CEO, Eric Chang, Chunghwa Telecom Director, Hsuan-Lung Liu
The speakers from the four Taiwanese manufacturers and Ms. Vivian Huang (Director General, III) From left to right：Syscom Group President, James Liu, Aaeon Technology Senior Advisor, Steve Hsu, Director General, III, Ms. Vivian Huang, Glory Technology CEO, Eric Chang, Chunghwa Telecom Director, Hsuan-Lung Liu

Representatives of the Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD) shared strategies to help modernize infrastructure through digital technology. The winners of Taiwan’s 2020 System Integration Award also shared their success stories, and Taiwanese system integrators and representatives from Thailand, Indonesia, Russia, and India discussed their experiences in various countries.

Since the first WSIC last year, the System Integration Promotion Alliance Project Office (SIPA) of the "Industrial Development Bureau" (IDB), "Ministry of Economic Affairs" has arranged more than 70 meetings between manufacturers, opened up at least 20 business opportunities, and facilitated cooperation between Taiwanese manufacturers and local players in Thailand, Vietnam, and the Philippines.

This year, the Minister of the "National Development Council" (NDC), Kung Ming-Hsin and the Deputy Director-General of the IDB, "Ministry of Economic Affairs" (MOEA), Yang Chih-ching were specially invited to speak.

Minister Kung Ming-Hsin shared that the government began the Asia Silicon Valley Development Plan in 2016 to promote economic growth through entrepreneurship, industrial transformation through the Industrial Internet of Things, global resources for innovation and R&D, system integration capabilities of domestic enterprises, and overseas markets. Taiwan also plans to establish three international-level system integration companies.

Deputy Director-General, Yang Chih-ching also mentioned that system integration has become one of Taiwan’s important industrial directions. Between 2018 to 2020, solutions tested included 224 smart services that have been developed in 22 counties and cities across Taiwan. These covered 5G factories, remote medical care on outlying islands, AI environmental monitoring, smart transportation, and smart learning.

The four Taiwanese manufacturers invited by WSIC this year have all been successful overseas export cases:

•  The Syscom Group, which developed smart service robots used in Japan.

•  AAEON, which has collaborated with General Electric (GE) to acquire an energy project for four power plants in the U.S.

•  Glory Technology, which expanded the railway communication systems in Thailand and the Philippines.

•  Chunghwa Telecom, which deployed telecommunications networks in Thailand, Malaysia, Vietnam, and Cambodia, and implemented information and communication applications in new smart parks.

Despite industrial impacts from COVID-19, pandemic-prevention technologies, such as AI thermal imaging and disease control systems have been recognized internationally. Hopefully, this will become an emerging field for system integration and export development in Taiwan.

In addition to the WSIC online forum this year, SIPA also set up a pavilion on smart solution and system integration at the 2020 Smart City Online Exhibition.

All are welcome to visit the website at https://smartcityonline.org.tw/pavilion.php?vip=SIPA

WSIC online forum registration URL: http://wsic.hsexpoevent.com/

Photo – https://photos.prnasia.com/prnh/20200924/2927440-1?lang=0

PR Newswire

Creaform Announces New and Complete R-Series(TM) suite of Automated Dimensional Quality Control Solutions

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The new MetraSCAN-R BLACK robot mounted scanner, additional models of the CUBE-R 3D scanning CMM and the new digital twin environment software will resolve many manufacturers’ CMM productivity issues

LEVIS, Quebec, Sept. 25, 2020 — Creaform, a worldwide leader in 3D measurement solutions, today announced the latest release in its R-Series™ lineup, including the new MetraSCAN-R BLACK|Elite™ as well as the addition of four different models in the CUBE-R 3D scanning measuring machine. Creaform also launched the brand-new VXscan-R™ digital twin environment software module, which completes the company’s turnkey automated quality control solution suite.

Discover the fastest and most versatile automated quality control solution in the market

  • Blazing-fast cycle times: Featuring 45 blue laser lines for a high-density scanning area that takes up to 1,800,000 measurements per second and generates live meshes
  • More accurate and repeatable results: High accuracy of 0.025 mm (0.001 in.) in shop floor conditions, regardless of instabilities, vibrations and thermal variations
  • High resolution: A measurement resolution of 0.025 mm (0.0009 in) that generates highly detailed scans regardless of the surface, trim, geometric feature or type of sheet metal
  • New digital twin environment software: VXscan-R enables users of all levels to easily and quickly program robot paths and optimize the line of sight of the robotic system
  • Maximum versatility: Captures highly reliable 3D measurement data on shiny surfaces, objects with variations in reflectivity, different part sizes, and a wide variety of surface geometries
  • Configurable and customizable portfolio: The CUBE-R, which is offered in 16 configurations, and the MetraSCAN-R BLACK|Elite can be integrated into a custom measuring cell built according to client’s specific needs. Options include different types of safety enclosures, payloads and asset protection configurations.
  • Operational simplicity: Creaform’s automated quality control solutions can be used by professionals who have little metrology knowledge. The MetraSCAN-R BLACK|Elite is compatible with major metrology software, enabling seamless integration within any type of production workflow.

"Manufacturers need to achieve fast, accurate and repeatable output – now more than ever before. With Creaform’s automated quality control solutions, manufacturers can increase their productivity," explains Jerome-Alexandre Lavoie, Product Manager at Creaform. "By detecting and addressing quality issues faster based on statistical analyses, corrective measures can be more proactively implemented to mitigate total quality costs (TQC) and unprofitable recalls."

Webcasts of the products launch will take place on September 25, 2020, at several times. Visit the webcasts section to get all the details.

About Creaform

Creaform develops, manufactures, and sells 3D portable and automated measurement technologies and specializes in engineering services. The company offers innovative solutions for applications such as 3D scanning, reverse engineering, quality control, non-destructive testing, product development, and numerical simulation (FEA/CFD). Its products and services cater to a variety of industries, including automotive, aerospace, consumer products, heavy industries, healthcare, manufacturing, oil and gas, power generation, research and education.

With headquarters and manufacturing operations in Levis, Quebec, Creaform operates innovation centers in Levis as well as Grenoble, France, with direct sales operations in Canada, USA, Mexico, Brazil, France, Germany, Italy, Spain, China, Japan, Korea, Thailand and Singapore. Creaform is part of AMETEK Ultra Precision Technologies, a division of AMETEK Inc., which a leading global manufacturer of electronic instruments and electromechanical devices, with annual sales of approximately $5 billion.

creaform3d.com

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PR Newswire

10 years after introducing data, Globe Telecom embarks on ambitious network upgrade anew

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MANILA, Philippines, Sept. 25, 2020 — Globe Telecom (Globe) announces its largest network upgrade to date, 10 years after it introduced data with its nationwide network transformation program. The network upgrades come at the heels of the government asking telcos to improve internet services especially at these times when connectivity is a critical need.

Globe laid out a 3-pronged strategy to improve voice and data experience of its customers. The first is to accelerate cell site builds to expand coverage and increase capacity for data.  With the strong support of ARTA and the recently signed Bayanihan to Recover As One or Bayanihan 2, the faster processing and release of various national and LGU permits are crucial to jumpstart the infrastructure builds to improve the country’s overall state of connectivity. 

The second is to upgrade all its sites to have 4G/LTE using many different frequencies, which are important for both coverage and speeds. With 4G everywhere, the whole country will be data-ready and capable to meet the increasing demands of customers for bandwidth and faster speeds. 

The third is to fast track the fiberization of Filipino homes to improve data experience using wireline connectivity. As Filipinos spend more time at home because of the lockdowns, Globe hopes to address the growing demand for home broadband with a much larger fiber footprint, using only the most advanced technologies.

All the network upgrades are expected to be completed by 2021. Globe president and CEO Ernest Cu said, "Globe is in a much better position now to fulfill the demands of its customers. In heeding the call of the government, we shall endeavor to provide our customers with improved network performance and quality of service. We look towards the future where our country would have a strong digital economy backed by resilient and reliable connectivity."

Globe is the country’s leader in mobile and hopes to cement its leadership in the broadband category. For 2020, the company committed to spend Php 50.3 billion in capex, majority of which will be spent on its network upgrade initiatives.  

The company previously released a series of network related updates including the build of 900 cellsites with five shared independent tower companies (towercos), securing 190 permits from 85 local government units (LGU), network upgrades in eight key areas of Visayas and Mindanao, as well as putting up 32 new towers in several key barangays in Quezon City. Globe is also rolling out fiber lines in Metro Manila, Bulacan, Cavite, Batangas, Cebu and Davao del Sur. The telco’s fiber roll out during the last 8 months already represents a 51.4% increase over full year 2019.  To date, the company is proactively migrating customers from copper lines to fiber free of charge.

Even as Globe undertakes a massive network upgrade, it is also firing up its 5G network, targetting areas in key locations such as Bonifacio Global City (BGC), Makati CBD, Rockwell Center, Ortigas CBD, strategic areas along EDSA and C5, Taguig, Pasig, Mandaluyong, Marikina, Paranaque, Muntinlupa, Las Pin͂as, Valenzuela, and Caloocan.

Globe is committed to support 10 of the United Nations Sustainable Development Goals, such as UNSDG No. 9 on building resilient infrastructure, promoting sustainable industrialization and fostering innovation. To know more visit www.globe.com.ph.

Globe Press Room:  https://www.globe.com.ph/about-us/newsroom.html
Twitter: @talk2GLOBE | Facebook: http://www.facebook.com/globeph

Related Links :

http://www.globe.com.ph