Monthly Archives: June 2021

PR Newswire

Adyen granted US branch license

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AMSTERDAM, June 15, 2021 — The US Office of the Comptroller of the Currency (OCC) has approved Adyen’s application to establish a Federal Foreign Branch in San Francisco, California. The OCC’s approval and its granting of the branch charter in combination with the Federal Reserve’s approval of the application on May 24, 2021 permits Adyen to commence operations as a Federal Foreign Branch. 

Obtaining this US branch license allows Adyen to enhance its US activities and operations in line with those conducted in Europe under its European banking license (obtained in 2017). Benefits include increased operational scalability via Adyen’s single platform and the ability to offer enhanced services to its merchants. 

"This license was a logical next step for Adyen, and one that has long been on the horizon," says Pieter van der Does, co-founder and CEO of Adyen. "I’m excited to see this positively impact our merchants operating in the US – we’re well positioned to help them grow."

This press release contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

About Adyen

Adyen (AMS: ADYEN) is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Microsoft, Casper, Bonobos and L’Oréal. 

Important Regulatory Notice

This announcement is not for publication, distribution or release, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia), Canada, South Africa, Australia or Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Adyen’s securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. Neither this document nor the information contained herein constitutes or forms part of an offer to sell, or the solicitation of an offer to buy, securities in the United States.

This announcement is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction, including the United States, Canada, South Africa, Australia or Japan. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an investment in Adyen securities. Any investment decision in connection with Adyen securities must be made solely on the basis of all publicly available information relating to such Adyen securities.

This communication may be restricted by law in certain jurisdictions and persons receiving this communication should inform themselves about and observe any such restriction and must not under any circumstances forward this communication to any other person. Failure to comply with such restrictions may violate securities laws of any such jurisdiction.

Unsponsored ADRs: As of October 10, 2008, the US Securities and Exchange Commission (SEC) published revisions to Exchange Act Rule 12g3-2(b) which permits depository institutions to establish unsponsored ADR programs without the participation of a non-US issuer. Adyen NV does not consent to the establishment of any unsponsored ADR program, and further does not authorize, endorse, support or encourage the creation of any such unsponsored ADR program in respect of its securities. Adyen NV will not actively, directly or indirectly participate in the creation of any unsponsored ADR program. Adyen NV specifically disclaims any liability whatsoever arising out of or in connection with any unsponsored ADR program. Adyen NV does not represent to any depository institution or any other person, nor should any depository institution or any person rely on a belief that the website of Adyen NV includes all published information in English or that Adyen NV otherwise satisfies the exemption criteria set forth in Exchange Act Rule 12g3-2(b).

Related Links :

http://www.adyen.com

PR Newswire

Recon Technology Announces Pricing of $55.0 million Registered Direct Offering

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BEIJING, June 14, 2021 — Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today it has entered into a securities purchase agreement with certain accredited investors on June 14, 2021 to purchase $55.0 million worth of its Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) in a registered direct offering, and Class A ordinary shares warrants in a concurrent private placement.

Under the terms of the securities purchase agreement, the Company has agreed to sell 8,814,102 Class A ordinary shares or pre-funded warrants in lieu thereof, and warrants to purchase up to 8,814,102 Class A ordinary shares in a concurrent private placement transaction. The pre-funded warrants have an exercise price of $0.01 per share and will be exercisable immediately upon the date of issuance until they are exercised in full. The pre-funded warrants will be issued to certain purchasers who have elected to purchase them in lieu of Class A ordinary shares in this offering, as those purchasers would otherwise have exceeded 9.99% (or such lesser percentage as required by the investor) beneficial ownership of our Class A ordinary shares immediately following the offering. The ordinary share warrants will be exercisable immediately upon the date of issuance and have an exercise price of $6.24. The ordinary share warrants will expire five and a half years from the date of issuance. The purchase price for one ordinary share (or pre-funded warrant in lieu thereof) and a corresponding ordinary share warrant will be $6.24. The gross proceeds to the Company from this registered direct offering are estimated to be $55.0 million before deducting the placement agent’s fees and other estimated offering expenses. The registered direct offering is expected to close on or about June 16, 2021, subject to the satisfaction of customary closing conditions.

Maxim Group LLC ("Maxim") is acting as the sole placement agent in connection with this offering.

The securities described above are being offered by the Company pursuant to a shelf registration statement on Form F-3 filed with the Securities and Exchange Commission (SEC) dated November 13, 2019, and declared effective on November 26, 2019, and Form F-3MEF filed thereafter. A prospectus supplement related to the offering will be, filed with the SEC and available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplements relating to the offering may be obtained, when available, by contacting: Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, by telephone: at (212) 895-3500.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Recon Technology, Ltd.

Recon Technology, Ltd. (NASDAQ: RCON) is China’s first listed non-state owned oil and gas field service company on NASDAQ. Recon supplies China’s largest oil exploration companies, Sinopec (NYSE: SNP) and The China National Petroleum Corporation ("CNPC"), with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, Recon has taken leading positions on several segmented markets of the oil and gas filed service industry. Recon also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: www.recon.cn.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, whether we will sign any additional contracts with the North China Branch, the final revenue from providing services to the North China Branch, actual results of our solutions in the field, levels of spending in our industry as well as consumer confidence generally; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

For more information, please contact:
Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5188
Email: info@recon.cn

 

Related Links :

http://www.recon.cn/

Gaming, Lifestyle, News

[E3 2021] The Xbox Mini Fridge is Here – The Meme Comes Alive!

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When the current generation of Xbox Series X was leaked in the press years ago, there was a lot of comments on how the boxy design looks. That is naturally always the case with any design renders that comes out of any manufacturers and companies though. Before a product is out in the market or announced, a render leak of what the product would most likely look like might be ‘leaked’ to the press or the public to sometimes create a public hype. It could almost be like a litmus test of whether or not there is genuine interest in the product.

Sometimes it backfires though, and design renders get ridiculed or gets turned into a meme. In the case of the Xbox Series X, the public quickly points out that it looks like a refrigerator of some kind and that quickly turned into a meme. No doubt, there was a lot of excitement about this product coming out of Microsoft. Thanks to the public reaction at the time, it could give the designers of this gaming console a few things to think about.

Welcome to E3 2021 though, where new games get teased and launched. It is also the place where the unexpected can be expected to happen. This year, the unexpected happened on Microsoft’s stage in their ‘one more thing’ segment at the end of their show. They made it.

Microsoft introduced the world to the “world’s most powerful mini fridge” set to hit the stores in the coming months. They call it the Xbox Mini Fridge, which is thoroughly fitting of a name for this little box that holds canned drinks or other things you put in a mini fridge. They also say that it uses Xbox’s clever velocity cooling architecture to keep your drinks cool in the fridge, hence “world’s most powerful mini fridge”. How did this mini fridge meme become a reality though?

Xbox Mini Fridge - World Premiere
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Twitter Marketing ran a #BestOfTweets championship in April for users to vote on which brands ran the best twitter account. It came down to Skittles and Xbox. Xbox was trailing behind when they announced in their twitter account that they would make the Xbox Mini Fridge a reality if they won the campaign. They did, by 1 percent of votes.

Xbox fulfilled that promise in E3 2021 and the product is actually something that you can purchase later in the year, not just a concept. Except, Microsoft did not say that it will be for sale. They pointed out that it will be available in the holiday season (presumably in the United States), but not its price or where it is going to be available. It could be a free gift if you already own an Xbox, or a bundle if you buy the new Xbox in that season.

Whatever it is, it shows that tech giants like Microsoft are listening to the public and are moving with the public. While it is a little bit more marketing gimmick and move, it also shows that Microsoft has some sense of humour after all. You should be reminded also that Microsoft made a fully sized refrigerator in the shape of the Xbox Series X just for Snoop Dogg last year just because they can.

PR Newswire

JinkoSolar Recognized as “Overall High Achiever” in RETC’s 2021 PVMI Report

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SAN FRANCISCO, June 14, 2021 — JinkoSolar Holding Co., Ltd. (the "Company" or "JinkoSolar") (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has been recognized as an "Overall High Achiever" in Renewable Energy Testing Center’s ("RETC") 2021 PV Module Index Report for the second consecutive year. JinkoSolar is one of only 5 module manufacturers to receive this status in 2021.

RETC’s PVMI Report compiles and ranks its independent test data, identifying the industry’s leading PV module manufacturers and technologies. The report also highlights industry trends and features a section on "Evaluating Large-Format Modules" (LFM). The list of LFM benefits include a significant increase in power, lower production costs at a manufacturing level, lower in-field labor costs, and potential BOS savings. Additionally, the report advises that not all large format modules are created equal, with some modules having the same glass thickness as its predecessors. RETC’s hail durability test indicates that modules with thicker front-side glass are more resilient to large-diameter hail stones. JinkoSolar’s modules are manufactured with 3.2mm front side glass, and is proven to withstand 55mm hailstones at 34m/s according to RETC’s test data.

"We are proud to receive this recognition again," said Nigel Cockroft, General Manager of JinkoSolar. "Our rigorous in-house quality control standards and validation from third-party labs like RETC gives our customers around the globe confidence that they are receiving high performing, reliable modules."

"Congratulations to JinkoSolar for once again becoming an RETC ‘Overall High Achiever’. We appreciate their continued partnership, and are proud to support JinkoSolar by providing key metrics highlighting their module quality, performance and durability. Our testing data has confirmed that JinkoSolar’s PV modules are great at withstanding extreme weather conditions such as hail," said Cherif Kedir, President and CEO of RETC.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 22 GW for mono wafers, 11 GW for solar cells, and 31 GW for solar modules, as of December 31, 2020.

JinkoSolar has 9 productions facilities globally, 23 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of December 31, 2020.

To find out more, please see: www.jinkosolar.com

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and 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" and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

Related Links :

http://www.jinkosolar.com

PR Newswire

Eaton launches new micro data centre and UPS offerings to enable performance excellence in edge deployment and energy-efficient power management

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Eaton’s latest iCube 2.0 and 9PX UPS product enhancements aim to deliver edge-deployable, energy-efficient solutions to organisations looking to future-proof their data centre infrastructure.

SINGAPORE, June 14, 2021 — Global power management company Eaton recently announced two new additions to its micro data centre (MDC) and 9PX uninterruptible power supply (UPS) series – the iCube 2.0 and the 9PX lithium-ion UPS. Tailored to address the unique needs and pain points of Asian organisations looking to future-proof their data centre infrastructure, these new regional solutions enable businesses to achieve information and operational technology excellence, while positioning their enterprise for success in the ongoing energy transition.

"Amidst the global shift towards renewables, pandemic-accelerated digitalisation has led to the rise of edge computing. Continued technological advancements are transforming the way data is processed, managed and delivered. Against this backdrop, MDC and UPS solutions are playing an increasingly bigger role in bridging the gap in edge computing and ensuring critical applications keep running with minimal environmental impact," said Jimmy Yam, Vice President, Electrical Sector, East Asia, Eaton. "With prolonged remote working arrangements and expected growth in digitalisation, the need for fast and sustainable computing capacity will only increase. The introduction of iCube 2.0 and 9PX Lithium-ion UPS will help address this demand while still ensuring energy efficiency."

iCube 2.0 – an enhanced micro data centre solution for energy-efficient excellence at the edge

Eaton iCube 2.0 (Micro Data Center 2.0)
Eaton iCube 2.0 (Micro Data Center 2.0)

An upgrade of Eaton’s pre-existing MDC 1.0 solution, iCube 2.0 is designed to address key challenges and common user pain points in edge deployments, such as space constraints and the lack of technical expertise in designing and deploying solutions from scratch.

Unlike the first-generation MDC 1.0 solution, iCube 2.0 can be customised to a variety of rack sizes. IT managers can choose from iCube 2.0’s line-up of cabinet dimensions. This ranges from basic racks outfitted with mission-critical equipment that are designed for small offices, to prefabricated multi-rack solutions for mid-sized to large offices. This flexibility enables organisations to optimise their unit room space utilisation and scale their deployments according to evolving operational needs. It also translates into lower deployment and maintenance costs, ultimately delivering greater cost-effectiveness to organisations with its reduced total cost of ownership (TCO).

As an integrated and prefabricated plug-and-play solution, iCube 2.0 also offers IT managers ease of deployment. It requires minimal maintenance and manpower requirements with its built-in intelligent management software system, which provides comprehensive monitoring of environmental parameters as well as automated alerts and predictive analytics for optimal performance. At the same time, iCube 2.0’s class 8 seismic rating and best-in-class certifications[1] enable it to be safely deployed in unfavourable environments that may be dusty, hot, humid and even earthquake-prone.

9PX lithium-ion UPS – a greener and smarter way to safeguard the power supply of critical infrastructure

9PX Lithium 1-3K with 1 EBM rack mounted
9PX Lithium 1-3K with 1 EBM rack mounted

The latest addition to Eaton’s enterprise-class 9PX UPS series is a greener, more efficient lithium-ion (Li-ion) refresh of its current VRLA-powered offerings. Benchmarked as best in the market, this product upgrade continues Eaton’s proven track record in Li-ion UPS deployments, particularly in the Southeast Asia region.

With technology advancements driving down production and deployment costs, Li-ion powered UPS solutions have been growing in popularity in recent years due to its smaller footprint, shorter charging cycle, longer lifespan and TCO savings[2].

Outfitted with lithium iron phosphate (LFP) batteries – one of the safest and longest lasting Li-ion solutions currently available in the market, Eaton’s 9PX Li-ion UPS is Energy Star-certified and delivers industry-leading energy efficiency of up to 94% in online mode. Aside from lower CO2 emissions, the UPS solution provides greater floor space utilisation with a smaller physical footprint and overall weight reduction[3]. It is also equipped with intelligent battery management system (BMS) software as well as critical cybersecurity features[4], which provide organisations with the increasingly important ability to optimise energy and capacity management, and protect against hackers.

In addition, the 9PX Li-ion UPS comes equipped with Eaton’s Intelligent Power Manager which allows for deep integration with VMware and HyperV virtual environments, improves infrastructure resiliency against adverse power and environmental events through disaster recovery automation, and enables advanced load shedding capabilities to power critical operational loads longer.

Together with its reduced energy and cooling costs as well as its service life of eight to ten years, Eaton’s 9PX Li-ion UPS delivers overall, long-term TCO savings as it does not require replacement external battery modules, or the additional labour and shipping costs associated. This is particularly true for organisations which face challenges in servicing due to remote locations or large deployments, frequent power outages, or run critical applications that demand zero downtime.

"Constant power is required to keep applications or servers running 24/7, especially in the era of edge computing; but this can be detrimental to the environment in the long run," Yam added. "Balancing business growth and agility in the data-driven economy against sustainability goals is a challenge which organisations will increasingly face. But with the right technology, partners and strategy, businesses will be able to navigate these complex yet complimentary priorities – and ultimately come out ahead."

More information on iCube 2.0 and 9PX Li-ion UPS are available on their respective webpages. Businesses looking for innovative solutions to future-proof their data centre infrastructure may also sign up for upcoming webinars and access on-demand videos at Eaton’s Transform Your Data Center resource hub.

About Eaton Electrical Sector

Eaton’s electrical business is a global leader with deep regional application expertise in power distribution and circuit protection; power quality, backup power and energy storage; control and automation; life safety and security; structural solutions; and harsh and hazardous environment solutions. Through end-to-end services, channel and an integrated digital platform and insights Eaton is powering what matters across industries and around the world, helping customers solve their most critical electrical power management challenges.

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 94,000 employees. For more information, visit Eaton.com.

[1] iCube 2.0 is tested to support equipment loads up to 1,800 kg and meets a range of internationally and regionally recognised industry standards, namely the TLC, UL, and CE certifications for MDC, UPS and precision cooling technologies.

[2] Compared to traditional VLRA technologies, Li-ion batteries have 3 times smaller footprint and 3 times longer lifespan, and are 70% smaller in weight and 4 times fast-charging. Overall, they typically do not require replacements, unlike VLRA batteries, and are able to offer up to 50% in TCO savings.

[3] 20% reduction in UPS weight and more than 40% reduction in external battery module (EBM) weight. The EMB size is also reduced to 1U, while the UPS meets the industry standard 2U size.

[4] Key cybersecurity and virtualisation features include the Network-M2 gigabit network card – Eaton’s UPS connectivity device that helps secure UPS in data centre environments, and dual international UL 2900-1 and IEC 62443-4-2 cybersecurity certifications.

PR Newswire

SKT to Participate in E3 2021 to Showcase Exciting Korean Games

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  • SKT will participate in ‘E3 2021’ for the first time as a South Korean telecommunication company and target the global console game market.
  • It will present ‘ANVIL,’ ‘Little Witch in the Woods,’ ‘Vapor World,’ and ‘NEOVERSE’ at E3 2021. 
  • With the participation of E3, SKT will begin to publish various video games and actively support South Korean game markets.

SEOUL, South Korea, June 13, 2021 — SK Telecom (hereinafter referred to as "SKT") will participate in the world’s biggest game exhibition, ‘E3 2021’, for the first time as a South Korean telecommunication company to target the global console game market.

SKT to Participate in E3 2021 to Showcase Exciting Korean Games
SKT to Participate in E3 2021 to Showcase Exciting Korean Games

As the only company in Asia to cooperate with Microsoft’s Xbox for 5GX Cloud Gaming, SKT plans to set up a separate online booth at E3 2021 and introduce console games developed by South Korean game companies. 

E3, which stands for Electronic Entertainment Expo, is the largest video game exhibition in North America hosted by Entertainment Software Association, ESA, from the United States. This year, it will be held for four days from 16th in local time with more than 50 global game developers and publishers, including SKT, Xbox, Nintendo, and Ubisoft.

However, due to COVID-19, this year’s E3 will be held online through its official web page or mobile application. It is available to sign up as a visitor on the official web page of E3(https://e3expo.com).

Online booth of SKT at 'E3 2021'
Online booth of SKT at ‘E3 2021’

SKT’s game lineup includes ANVIL, Little Witch in the Woods, VAPOR World, and NEOVERSE. 

ANVIL: Developed by Action Squire, ANVIL is a multi-player co-op top-down sci-fi roguelike action shooter where players control characters called Vault Breakers to explore various galaxies that are filled with monsters.  

Little Witch in the Woods: Created by Sunny Side UP, Little Witch in the Woods is a pixel art-fantasy role-playing-game where players play as Ellie, a young witch who comes to a town and joins a witch’s house to study magical creatures, brew potions and to learn more witchcraft. 

VAPOR World: Developed by Alive, VAPOR World is an action and adventure game where players play in the inner world of mental patients. 

NEOVERSE: Created by Tinogames, NEORVERSE is a time warping multiverse game consisting of thrilling adventures that are packed with great and exciting challenges; combining roguelite, deck building and strategy gameplay all in one. 

Among the above four games, NEOVERSE became the first to be released as an Xbox game and 5GX Cloud Game in December 2020. The other three games will also launch on Xbox and 5GX Cloud Game gradually within this year. During the E3 Expo, visitors will be able to play the demo version of ANVIL and provide feedback to increase the level of completion of the game. 

SKT expects E3 2021 to raise the awareness of console games created by Korean game developers and help these developers expand into the global market.

"We are delighted to participate in E3 2021 with prominent game developers in Korea," Cho Jae-yoo, Vice President and Head of Game Business at SKT. "Based on Xbox platform and 5GX Cloud Game, we will make continuous efforts to help create valuable global market opportunities for Korean game companies and enrich the overall game ecosystem."

About SK Telecom

SK Telecom (NYSE:SKM) is Korea’s leading ICT company, driving innovations in the areas of mobile communications, media, security, commerce and mobility. Armed with cutting-edge ICT including AI and 5G, the company is ushering in a new level of convergence to deliver unprecedented value to customers. As the global 5G pioneer, SKT is committed to realizing the full potential of 5G through ground-breaking services that can improve people’s lives, transform businesses, and lead to a better society.

SKT boasts unrivaled leadership in the Korean mobile market with over 30 million subscribers, which account for nearly 50 percent of the market. The company now has 49 ICT subsidiaries and annual revenues approaching KRW 18.6 trillion.

For more information, please contact skt_press@sk.com or visit our LinkedIn page www.linkedin.com/company/sk-telecom.

 

PR Newswire

coocaa TV Announces: Juventus stars score 100% cashback for TV

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  • All-new exclusive deals to celebrate the partnership with coocaa TV fans, including the chance to win full cash back on TV orders during the European Cup
  • coocaa teams up with Juventus to support its global expansion plan to bring its leading immersive entertainment experiences to more consumers worldwide

HANOI, Vietnam, June 12, 2021 — coocaa, a rising start in Vietnam TV market, previously just announced its collaboration with "AFF Suzuki Cup", is now upping their games by joining forces with Juventus F.C., the world-leading Italian Serie A football club. In line with the theme of "Partner Together, Lead the Future", coocaa and Juventus will roll out multiple activities to celebrate their upcoming football matches with global fans.

Leo Tang, Chief Brand Officer of coocaa TV, said: "coocaa believes in the importance of togetherness and we have been championing that through delivering top-quality TV experiences. We are excited to support Juventus right now, as football recovers from the pandemic. This partnership also represents a major milestone for coocaa in our global business expansion plans."

COOCAA x Juventus
COOCAA x Juventus

Partner Together to Explore Possibilities and Lead the Future

The perfect collaboration stems from the all-round fit between the two brands. As leading players in their respective fields – coocaa, with the brand spirit of "Play in my style", and Juventus, with the faith of "Perseverance Forever, Ambition Wherever", they are both founded in the commitment to break the boundaries, achieve greatness, and lead the future.

coocaa is Juventus’ official partner in the TV and related smart home products for TV category, recognizing coocaa’s continuous contributions in leading technology innovation in the industry.

Federico Palomba, Managing Director of Juventus APAC, said: "We are thrilled to welcome coocaa as a Juventus Official Partner. Together with coocaa, we cannot wait to bring more of the action to fans across the globe and create meaningful experiences that will enable fans to feel and share the excitement with us."

Join with coocaa and Juventus F.C. win full cash back on coocaa TV orders for every Juventus score. In addition, there are "watch football on big screen to win vouchers" and "Join Livestream to win lucky draws" activities, please pay attention.For information on how to participate, follow coocaa on Facebook:

https://www.facebook.com/coocaa2006/

PR Newswire

SKYWORTH Announces: Juventus stars score 100% cashback for TV

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All-new exclusive deals to celebrate the partnership with SKYWORTH fans, including the chance to win full cash back on TV orders during the European Cup

HANOI, Vietnam, June 12, 2021 — SKYWORTH proudly becomes Juventus FC’s Official Partner by bringing its own "Lead the Future" motto alongside Juventus FC’s "Live Ahead" brand ethos to life; uniting with loyal football fans from all around the globe!

This June 8th, SKYWORTH will be holding a signing ceremony with world-leading Italian Serie A football club, Juventus FC, ahead of a year-long brand partnership in Beijing, China.

The perfect collaboration stems from the all-round fit between the two brands. As leading players in their respective fields – SKYWORTH, with its "Be Innovative, Be Bold" brand spirit, alongside Juventus’ faith of "Perseverance Forever, Ambition Wherever", are both founded in the commitment to break boundaries, achieve greatness, and lead the future. The partnership will propel SKYWORTH and Juventus to excel and reach new heights.

SKYWORTH & Juventus
SKYWORTH & Juventus

In line with the theme of "Partner Together, Lead the Future", SKYWORTH and Juventus will be rolling out multiple activities to celebrate their upcoming football matches with global fans.

Launching today until the end of Lega Serie A 2022, the brand partnership is also expected to see a range of co-branded content launched across global platforms and throughout Juventus home matches. To celebrate, SKYWORTH is giving away free VIP tickets to join the Juventus team on a match tour to lucky fans. Details will be unveiled on official SKYWORTH Facebook, Twitter, Weibo, and WeChat channels.

In light of the upcoming European Cup from June 12th to July 12th, SKYWORTH will be holding large-scale activities including its "Juventus Stars Score for SKYWORTH!" , "The more people buy, the better the price"events.

SKYWORTH is now one of the world’s Top 5 TV brands. A leading global television manufacturer and pioneer in big-screen AIoT, SKYWORTH TV boasts years of experience in advanced home entertainment solutions since 1988. Today, SKYWORTH’s proprietary Swaiot™ technology seamlessly connects to an entire AIoT/IoT ecosystem; enabling users to view, control, and manage all smart-home devices from the comfort of their TV screens.

For information on how to participate, follow local SKYWORTH on Facebook.

PR Newswire

Lion Announces Response to SEC Guidance Issued on April 12, 2021 Applicable to Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)

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HONG KONG, June 12, 2021 — Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services with a focus on Chinese investors, announced today in a Current Report on Form 6-K, that as a result of recently issued guidance provided by the Division of Corporate Finance of the Securities and Exchange Commission (the "SEC") on April 12, 2021 for all SPAC-related companies regarding the classification of their warrants for accounting and reporting purposes (the "SEC Statement"), it will restate its previously issued consolidated financial statements included on the Form 20-F for the year ended December 31, 2020.

The restatement pertains to the accounting treatment for public and private warrants (the "Public Warrants" and "Private Warrants") issued in connection with the initial public offering of Proficient Alpha Acquisition Corp. ("PAAC") and recorded to the Company’s consolidated financial statements as a result of the Company’s merger with PAAC, a SPAC and legal predecessor of the Company, and Lion Financial Group Limited on June 16, 2020 (the "Business Combination").

Consistent with market practice among SPACs, the Company had been accounting for the Public and Private Warrants as equity. However, consistent with the recent SEC Statement, the Company intends to restate certain of its historical financial statements such that the Public and Private Warrants are accounted for as liabilities and marked-to-market each reporting period (the "restatement"). In general, under the mark-to-market accounting model, as the stock price increases, the fair value of the warrant liabilities increases, and the Company recognizes additional non-operating expense in its income statement – with the opposite effect when the stock price declines.

The Company does not anticipate the restatement to impact its previously communicated non-GAAP operating metrics for 2020.

As a result of the restatement and the decrease in the Company’s stock price over the applicable period, the Company expects to recognize incremental non-operating income of approximately $0.8 million for the period from June 16, 2020 through December 31, 2020. There will be no impact to the Company’s previously reported net cash flow.

The following provides additional detail regarding how the Company currently anticipates the restatement will impact its consolidated financial statements:

  • Opening Balance Sheet Impacts — As of the date of the Business Combination (June 16, 2020), the fair value of the Public and Private Warrants will be reflected as warrant liabilities in the balance sheet with a corresponding offset in Additional paid-in-capital in equity.
  • Income Statement Impacts — Subsequent to the close of the Business Combination, any change in the fair value of the Public and Private Warrants is recognized in the income statement below operating profit as "Change in fair value of warrant liabilities" with a corresponding amount recognized in the balance sheet. (In the Company’s case, this is recognized as warrant liabilities below current liabilities in the balance sheet).
  • Balance Sheet Impacts — As is noted above, the balance of the warrant liabilities on the balance sheet reflects the fair value of the Warrants.
  • Cash Flow Impacts — The impact of the changes in fair value of the Public and Private Warrants has no impact on net cash provided by (used for) operating activities.
  • Statement of Equity Impacts — The impact to Additional paid-in-capital as of the opening balance sheet is highlighted above.

These estimates are subject to change as management completes the restatement, and the Company’s independent registered public accounting firm has not audited or reviewed these estimates. As a result, the expected financial impact described above is preliminary and subject to change.

Finally, as of today, the Company has approximately 11.5 million Public Warrants and 5.4 million Private Warrants outstanding. No Public or Private Warrants have been exercised or redeemed since originally issued.

About Lion

Lion Group Holding Ltd. (NASDAQ: LGHL) operates an all-in-one trading platform that offers a wide spectrum of products and services with a focus on Chinese investors. Through its state-of-the-art technology, Lion offers contract-for-difference (CFD) trading, insurance brokerage, futures brokerage, and securities brokerage on its platform, which can be accessed through applications available on the iOS, Android, Windows, and macOS systems. Lion’s customers are well-educated and affluent Chinese individual investors residing both inside and outside the PRC as well as institutional clients in Hong Kong. Additional information may be found at http://ir.liongrouphl.com.

Forward-Looking Statements

This press release contains, "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Lion’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Lion’s expectations with respect to future performance and anticipated financial impacts of the Business combination, the satisfaction of the closing conditions to the business combination and the timing of the completion of the business combination. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of Lion and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to maintain the listing of the post-acquisition company’s ADSs on NASDAQ following the business combination; (2) the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the transactions described herein; (3) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its key employees; (4) costs related to the business combination; (5) changes in applicable laws or regulations; (6) the possibility that Lion may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties to be identified in the proxy statement/prospectus relating to the business combination, including those under "Risk Factors" therein, and in other filings with the Securities and Exchange Commission ("SEC") made by Lion. Lion cautions that the foregoing list of factors is not exclusive. Lion cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Lion does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.

Contacts

Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com 

ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com

Related Links :

http://www.liongrouphl.com

PR Newswire

Dreame T30 Cordless stick Vacuum to Debut in Europe via AliExpress

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BEIJING, June 12, 2021 — Dreame Technology, a growing innovative company specializing in smart home cleaning appliances, has taken another big step in creating a smarter and cleaner home with its new generation product—Dreame T30 cordless stick vacuum. Powered by cutting-edge technology, Dreame T30 cordless stick vacuum will hit the shelves of AliExpress in Europe at 9 am CET, June 14.

Dreame T30 is meant to bring transcendent cleaning experiences for your home
Dreame T30 is meant to bring transcendent cleaning experiences for your home

Since early 2020, people’s lifestyle has altered tremendously due to the raging pandemic all over the world. As people began to spend more time working from home and staying with family, they may find airborne particles and hidden dust a nuisance or even a health threat particularly for those allergic to dust mites. Dreame technology has been fully aware of such an urgent demand and launches Dreame T30 to bring transcendent cleaning experiences for home.

Industry-leading Motor and Strong Suction Power
Dreame T30 boasts a 150K PRM ultra-high-speed motor that generates strong suction power and whole machine filtration which captures micro particles, such as pollen and bacteria, for an effective deep clean. Even with such a powerful motor and strong suction power, its 8-layer noise reduction system keeps the noise to a minimum level, bringing pleasant and quiet cleaning experiences.

Long Battery Life and Removable Battery Pack
The performance of a vacuum cleaner depends not only on the suction power and filtration, but also its run-time and internal system. Dreame T30 features a 8*2900mAh lithium-ion polymer battery pack, with 90min runtime in Eco mode. Its detachable battery design allows more convenient recycling and energy protection. With streamlined configuration and smart cooling, Dreame T30 keeps the battery running in a consistent temperature to ensure a steady and impressive performance.

Intelligent HD Screen and Auto-adapt Cleaning
Dreame T30 also highlights an intelligent HD screen that displays real-time data to inform users of cleaning record, dust detection, filter replacement, battery life, etc., allowing users to get a grip on cleaning.

Besides that, its dirt-detection sensor can automatically adjust suction power based on the amount of dust it senses. In other words, when Dreame T30 detects a big mess of dust, its suction power is triggered to increase automatically. When dust level falls, the suction power is reduced to its normal mode.

Dreame T30’s launch lasts from 9:00 a.m. CET, June 14 to 08:59 a.m. CET, June 26, with promotional price of $379.99 at AliExpress. The top 150 customers will get a FREE Dreame Cordless Rotary Electric Mop (worth $139). During this period, if you want to buy an additional T30 battery pack (originally priced at $100), you only need to pay $30.

About Dreame Technology 
Established in 2015, Dreame Technology, an innovative consumer product company, focuses on smart home cleaning appliances with the vision to improve global users’ life quality through technology. Follow us on Facebook, Instagram and Twitter. For more information, please visit https://www.dreame-technology.com.