Monthly Archives: June 2021

PR Newswire

FIBA Global Partner TCL embraces girl’s basketball program ‘Her World Her Rules’

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SHENZHEN, China, June 27, 2021 — TCL, a global leading intelligent technology company, officially announces that it has become the Global Promotional Partner of FIBA’s ‘Her World, Her Rules’ program ("HWHR"), showcasing its commitment to empowering women and girls worldwide. This cooperation opens a new chapter for the long-term global partnership between TCL and the International Basketball Federation ("FIBA").

In September 2020, TCL announced that it would extend its global partnership with FIBA to cover worldwide FIBA competitions from 2020 to 2023. The FIBA Women’s EuroBasket 2021 tournament from June 17-27 has fueled excitement about the return of FIBA competitions.

Women’s basketball has enjoyed significant growth in popularity in recent years but it still does not attract the same amount of attention as the men’s game. TCL strives to support the development of the women’s sport by bringing together basketball fans from around the world as part of the company’s growing global sports community.  "TCL is honored to contribute to the promotion of women’s basketball," Yuki Wei, Vice President of TCL said.

As part of its wider efforts to empower women, TCL has rolled out a global campaign called "Inspire Greatness" to showcase the greatness of women and to help women and girls to achieve more with their potential. The global promotional partnership with FIBA marks the start of this campaign, whose main aim is to increase the number of female players in the sport. TCL will continue to support the HWHR campaign to bring more talent and training resources that unleash the potential of the girls who take part.

FIBA Secretary General Andreas Zagklis said: "One of FIBA’s strategic objectives and key focus areas for the current cycle, 2019-2023, is Women in Basketball, with one of the goals of this priority to increase female players’ participation. This collaboration with TCL will further enhance the primary purpose of the Her World, Her Rules program and help raise the profile of the game and deliver women’s basketball to new audiences."

The Her World, Her Rules program is FIBA’s most recognized initiative in women’s basketball and is designed to unite women and girls across the globe. This program aims to promote women’s and girls’ basketball through various activities delivered in partnership with National Federations and increase the number of female players. Her World, Her Rules was initially launched in Europe during the FIBA EuroLeague Women SuperCup in 2018 and is supported by leading international players.

As one of the leading global intelligent technology companies, TCL also offers sports fans the chance to cheer on their favorite teams at the FIBA tournament through ground-breaking products. The TCL C825 Mini LED TV, the company’s second-generation mini-LED TV with Quantum Dot Technology, provides enhanced colors and a superior picture quality that improve the way audiences can enjoy live sports. TCL’s full smart home lineup help the sports fans to experience the immersive entertainment at home.

In addition to its cooperation with FIBA, as a world-leading brand in sports marketing, TCL sponsors other global sports events in basketball, soccer, cricket and horse racing, among others. TCL also partners with top sports stars to drive the globalization of the brand.

About TCL:

TCL empowers customers to enjoy more. With a lineup of award-winning televisions, audio products, mobile devices, and appliances, TCL takes pride in delivering meaningful experiences by combining thoughtful design and the latest technology. As one of the world’s largest consumer electronics brands, our extensive manufacturing expertise, a vertically integrated supply chain, and state-of-the-art panel factory helps TCL deliver innovation for all. For further information about TCL, visit www.tcl.com.  

About FIBA:

FIBA (fiba.basketball) – the world governing body for basketball – is an independent association formed by 213 National Basketball Federations throughout the world. It is recognized as the sole competent authority in basketball by the International Olympic Committee (IOC).

For further information about FIBA, visit fiba.basketball or follow FIBA on facebook.com/fiba, twitter.com/fiba, instagram.com/fiba and youtube.com/fiba.

Related Links :

http://www.tcl.com

PR Newswire

Onion Global and Sunwah Chuanyu Establish Joint Venture Xinyang Wujie to Explore New Consumer Opportunities in Southwest China

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GUANGZHOU, China, June 26, 2021 — Onion Global Limited ("Onion Global" or the "Company") (NYSE: OG), a next-generation lifestyle brand platform that incubates, markets and distributes the world’s fresh, fashionable and future brands to young people in China and across Asia, today announced that it has entered into a strategic partnership with Sunwah Chuanyu, the Sichuan Area Branch of Sunwah Group to establish a joint venture Xinyang Wujie. The joint venture will target new consumer opportunities in Southwest China, and aims to boost cross-border e-commerce in the region with the mission of "cross-promoting local Sichuan goods to overseas markets, and bringing international goods to Sichuan." Currently, Xinyang Wujie has successfully introduced and incubated the first collection of premium international brands.

Mr. Cong (Kenny) Li, Founder and CEO of Onion Global, commented, "Southwest China is a rapidly evolving market that presents us with many new growth drivers and business opportunities. The changing consumer behaviors and overall progression towards a higher quality of living and healthier lifestyle will continue to drive the economic growth, leading to massive, untapped market opportunities for us. Only the brands that have effectively integrated global supply chains, high-quality distribution resources, and elevated their operational efficiencies will be able to remain competitive and continue to gain market share to reshape their brand’s landscape moving forward."

"We will continue to pursue further growth opportunities with our brand partners in the "Big Healthcare" sector and build the up and downstream production chain in the industrial zone," Mr. Li continued.

Since its establishment, Onion Global has accumulated several unique advantages in the areas of brand incubation, key opinion consumer ("KOC") marketing, as well as novel and integrated online and offline promotion, establishing an innovative closed-loop operation model. The Company has in-depth cooperation with more than 4,000 brands around the world and offers a wide selection of more than 70,000 SKUs from 43 countries and regions. The Company also has an extensive community with over 700,000 KOCs, which can create 700 million impressions for brands in a single promotional campaign. The partnership with Sunwah Chuanyu has laid a solid foundation for Onion Global to further expand its presence in the domestic consumer market and promote its global awareness.

Mr. Faqiang Wu, Director and President of the Sichuan Area Branch of Sunwah Group, commented, "This strategic partnership will enable stronger links between the two companies. The Tianfu New Area of Sichuan Province is one of the first national import trade promotion and innovation pilot zones and will bring new development opportunities for both parties. Meanwhile, our existing investments in the Sichuan Province will also provide both personnel support and logistic channels for the partnership."

Sunwah Group is a highly diversified multinational conglomerate with overseas investments across Southeast Asia, Europe, America and Australia. Based in Southwest China, Sunwah Chuanyu is the 7th regional headquarters of Sunwah Group in Mainland China.

Ms. Shan (Mio) Ho, Director and CFO of Onion Global, commented, "Under China’s new economic development policies, the country will continue to open up to global markets more broadly. We will work to maximize the synergies and consistently innovate through deepened cooperation between corporations, and support further cooperation between upstream and downstream partners to achieve greater economies of scale. Our combined efforts will strengthen the advantages of China’s industrial chains in global trade. Chengdu benefits from three national growth strategies, including the Belt and Road Initiative, the economic circle of Chengdu and Chongqing, as well as the New Land and Marine Routes for Western Regions. The region connects business and trade, logistics and capital, and provides a strong support system to companies to expand their industrial chains layout and promote external circulation development."

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

About Onion Global Limited

Onion Global Limited (NYSE: OG) is a next-generation lifestyle brand platform that incubates, markets and distributes the world’s fresh, fashionable and future brands, which we refer to as "3F brands," to young people in China and across Asia. The Company’s mission is to be the dream factory of lifestyle brands for young people. The Company’s platform offering an integrated solution to develop, market and distribute new and inspiring branded products, thereby reshaping the lifestyle shopping and consumer culture in China. For more information, please visit http://ir.msyc.com/. Onion Global Limited has been listed on New York Stock Exchange since May 2021.

For more information, please visit: http://ir.msyc.com/.

About Sunwah Group

Sunwah is a highly diversified conglomerate with businesses in eight principal areas: Seafood & Foodstuff, Real Estate, Financial Services, Technology, Infrastructure, Media, Education and training, Green technology and healthcare. Activities cover extensively into Mainland China, Japan, Macau, Vietnam, Myanmar, Cambodia, Singapore, Canada, Europe, the US and Australia.

For more information, please visit: https://en.sunwahgroup2021.cn/. 

For investor and media inquiries, please contact:

In China:
Onion Global Ltd.
Investor Relations
E-mail: ir@msyc.cc

Christensen
Mr. Eric Yuan
E-mail: eyuan@christensenir.com
Tel: +86-13801110739

In United States:
Christensen
Ms. Linda Bergkamp
E-mail: lbergkamp@christensenir.com
Tel: +1-480-614-3004

Related Links :

http://ir.msyc.com/

PR Newswire

ThroughTek Collaborated with CISA for Optimizing Cybersecurity

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TAIPEI, June 25, 2021 — ThroughTek Co., Ltd.h, a solution provider of IoT cloud service platform, has been informed by U.S. Cybersecurity and Infrastructure Security Agency (CISA) of a vulnerability of old versions of P2P software development kit (SDK), which are integrated into IoT devices and may be exploited by unauthorized third parties to gain access to the server. ThroughTek has been working closely with CISA for mitigations and proactively assisting customers to update the firmware of the devices at risk with a patch fix released in late 2018 or up-to-date SDK. Additional information can be found in the CISA advisory.

ThroughTek collaborated with CISA for optimizing cybersecurity
ThroughTek collaborated with CISA for optimizing cybersecurity

ThroughTek has been committed to security from day one and continuously improved security measures to protect IoT devices integrated with our products from malicious cyberattacks. "We take the information from CISA very seriously. In fact, we encourage everyone to report vulnerabilities of our products. To react to reported security issues efficiently, we have built a Product Security Incident Response Team," says Patrick Kuo, CEO of ThroughTek. "We consider this advisory, like all the other vulnerability reports from different sources, as an opportunity to make our products better and safer."

Ensuring cybersecurity of the products and services is particularly challenging nowadays because the technologies are evolving faster and the attackers are becoming more innovative. ThroughTek will keep optimizing our product security and always welcome security advisories from CERTs, researchers, partners and any other source for a coordinated vulnerability disclosure.

Media Contact:

Yi-Ching, Chen
Tel: +886-2-26535111
E-mail: marketing.en@tutk.com

PR Newswire

EonStor GS Supports File-level SSD Cache to Accelerate Random File Access Performance

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TAIPEI, June 25, 2021 — Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, adds SSD cache technology into EonStor GS (GS) unified storage to considerably accelerate file access performance in enterprise applications characterized by high number of random file access operations.

EonStor GS is an enterprise-class unified storage enabling enterprises to manage file-based (NAS) and block-based (SAN) storage in a single device. With redundant controller design, multiple RAID hard disk protection levels and PB-level storage capacity, enterprises won’t have to worry about insufficient storage capacity and data loss. GS now supports SSDs acting as cache on its NAS storage service to improve file access performance. By caching frequently used data on a high-speed storage medium, subsequent client requests for accessing enterprise data can be served more quickly.

GS with integrated SSD cache is an optimal solution for applications involving random access behavior, such as file sharing, email, as well as media editing. If several users simultaneously access files and the required data bits are not located in adjacent sectors, traditional mechanical HDDs cause a longer seek time, resulting in a higher I/O delay, which in turn reduces system performance and negatively effects user experience. Thanks to SSDs’ near-zero seek time advantage, GS’s SSD cache reduces I/O latency and improves IOPS performance. High-efficiency algorithms intelligently predict and cache commonly used small blocks of data and metadata, improving GS’s access performance to random access data and elevating user experience to the new level.

"We added SSD cache to EonStor GS unified storage for accelerating file-level random access data. For general applications like office file sharing and emails, users can deploy one or two SSDs, while for media editing, which requires higher bandwidth, four or more SSDs are recommended," said Frank Lee, Senior Director of Product Planning.

Learn more about EonStor GS

Learn more about SSD Cache

About Infortrend

Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more information, please visit www.infortrend.com

Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc.; other trademarks are the property of their respective owners.

Related Links :

http://www.infortrend.com

PR Newswire

BKSTEC Aims to Replace Consumer-grade Copper Cables by Lowering Cost of Fiber Optics through Automation

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TAIPEI, June 25, 2021 — BKSTEC, a leading design and manufacturer of fiber optic cables for HDMI 2.0 and 2.1, USB 3 and 4, DisplayPort and more, with years of experience in delivering fiber optic solutions to OEM/ODM partners announces the world’s first automated production line for fiber optics, which lowers the cost of fiber optics to replace copper cables for current and future generations of HDMI and USB products.

In response to the growing market for high-resolution and high-bandwidth digital audio and video transmissions, demand for fiber optic cables with high-capacity, high-speed and stable transmission has increased. However, due to higher costs, proliferation of fiber optic cables has remained low until now.

Automation reduces production costs significantly
A group of engineers were determined to streamline the automation process and started the company, BKSTEC. After 5 years of trial and error with integration of semiconductor manufacturing processes and optical communication technology, BKSTEC has successfully developed the world’s first modularized automated production of HDMI fiber optic cables. Trial production begins in June of 2021 and phase one is expected to be completed by the end of 2022. The monthly capacity is expected to reach 50,000 units, and 250,000 units by 2023.

BKSTEC’s chairman Zheng-Xiang Chen, "Automation replaces the complex manufacturing of the manual process, which in turn increases production yields. Additionally, automation improves production efficiency through perception modules, AI learning and monitoring. The time needed for training, replication process and ramping up production will be drastically shortened."

BKSTEC has established partnerships with some of the biggest tier-one brands in the world and is at the forefront of leading-edge fiber optic solutions. The company current solutions include HDMI 2.1, USB 4.0, DisplayPort 2.0, USB-C 240W cables and extenders to offer the most advanced and complete OEM/ODM solutions.

Image and Word file download

For more information, visit: https://www.bkstec.com

PR Newswire

FTAG Group Acquires Stake in Live Streaming Startup BeLive Technology

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SINGAPORE, June 25, 2021 — FTAG Group announced today that it has acquired a significant stake in Singapore-based live streaming startup BeLive Technology. The strategic move, made via the company’s investment arm FTAG Ventures, will enhance FTAG’s own media capabilities while expanding its technology portfolio. It also makes them one of BeLive’s largest backers alongside Singapore’s national broadcasting network Mediacorp.

"The e-commerce space is huge, with e-commerce sales worldwide reaching USD4.3 trillion in 2020. The pandemic has shown us that in the new normal, e-commerce and home-based entertainment will continue to dominate global consumption," FTAG Group Chairman Kelvin Chng commented. "We see tremendous potential in this space and live shopping is the next most exciting development from here."

BeLive offers powerful live streaming solutions that boast advanced interactive features and viewer data analytics which greatly enhance the user’s experience, especially during live shopping. BeLive has been a key player in the live streaming industry since 2014, with offices in Singapore, Vietnam, and China. Key clients such as Samsung, Rakuten, Square Enix, L’Oréal Paris, and more recently, one of Indonesia’s top e-commerce marketplace Bukalapak, is testament that BeLive is at the forefront of innovation.

Meanwhile, FTAG is set to push on with further strategic acquisitions during a time when most companies are unwilling to take on risks. The firm is also currently planning a SPAC (Special Purpose Acquisition Company) deal targeting technology firms in the Asia Pacific region.

About FTAG Group

Founded in 2013, FTAG Group is headquartered in Singapore and seeks to drive business innovations and revolutionise financial services with technology. With business interests spanning multiple sectors, including financial services, technology, and education, FTAG is committed to developing key technology and infrastructure that will transform our digital daily lives.

PR Newswire

Cyient Wins Top Honors at NASSCOM Engineering and Innovation Excellence Awards 2021

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– Wins four awards across Social Impact Solution of the Year, Engineered in India Product of the Year, and Service Delivery Excellence of the Year

HYDERABAD, India, June 25, 2021 — Cyient, a global engineering and technology solutions company, won four awards at the inaugural edition of the NASSCOM Engineering and Innovation Excellence Awards 2021. The event celebrated stories of innovation and service excellence across the Indian ER&D ecosystem.

Innovation is implicit in Cyient’s DNA, and the company has introduced and adopted multiple initiatives to nurture a culture that focuses on developing innovative solutions for its customers. The company also launched its innovation platform, CyientifIQ, this month to develop future-ready IP-driven solutions between the company’s innovation evangelists and its collaborative ecosystem. These recognitions help strengthen Cyient’s position as a leading global provider of innovative engineering, manufacturing, geospatial, networks, digital, and operations management solutions.

"I want to thank NASSCOM for recognizing our endeavor toward Designing Tomorrow Together with sustainable innovation. These awards are a testament to our continued commitment to innovation for our customers and community. Most importantly, I am grateful to our associates who deliver excellence every day", said Krishna Bodanapu, Managing Director and Chief Executive Officer, Cyient.

Cyient won in the following categories:

– Social Impact Solution of the Year: Engineered by Molbio and manufactured by Cyient, Truenat is a first-of-its-kind portable RT-PCR testing kit that enables rapid testing at scale.
– Engineered in India Product of the Year: Cyient’s Smart Power Distribution Panel (SPDP) provides efficient and reliable power distribution within aircrafts and ensures the highest standards of safety.
– Engineered in India Product of the Year: An indigenously developed solution, Cyient’s Software Defined Radio combines state-of-the-art technology to create an advanced communication solution for the Indian army.
– Service Delivery Excellence of the Year: Cyient harnessed the power of 5G to connect 20 million individuals across urban, semi-urban, and rural Australia.

NASSCOM launched its Engineering R&D Showcase to demonstrate India’s role and impact as a global leader in Engineering R&D. The awards showcased high-impact stories of innovation, service delivery excellence, and unique talent capabilities from India along with a discussion on the challenges and best practices for leveraging India’s full potential in Engineering R&D.

About Cyient:

Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and digital technology solutions company. As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, domain knowledge, and technical expertise to solve complex business problems. 

Cyient partners with customers to operate as part of their extended team in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, medical technology and healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial products, and energy and utilities.

Rudra Bose | Satyaki Maitra 

Cyient Press Office – Genesis BCW 

+91 9811626585 | +91 99580 41503

rudra.bose@genesis-bcw.com | satyaki.maitra@genesis-bcw.com

Devina Wallang | Michelle Lobo

Cyient PR Team 

+91 7829673285 | +91 9833307424

devina.wallang@cyient.com | michelle.lobo@cyient.com

 

Related Links :

http://www.cyient.com

PR Newswire

4DLive: a real-time, bullet-time, multi-view video streaming service, to be expanded to global 5G mobile communication services

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SEOUL, South Korea, June 25, 2021 — Korea’s 5G mobile communication service, the first commercialized service of its kind in the world, recently celebrated its second anniversary.

Korea has already established itself in the global market as a successful example of establishment of a 5G infrastructure that is outstanding in both quality and breadth of coverage. 5G is expediting fundamental changes in the telecommunication service paradigm and revitalizing the industrial environment through large investments. As a means of overcoming the economic hardships caused by COVID-19 and making Korea a leader in the era of smart automation, the Korean government’s Ministry of Science and ICT (MSIT) is proactively creating a "virtuous cycle" 5G environment (in conjunction with the Digital New Deal). One part of the MSIT is Born2Global Centre, which has played a crucial role in this transition by connecting Korean startups with various opportunities worldwide.

4DREPLAY, a promising Korean startup that has been a member of the Born2Global Centre since 2017, manufactures special 4D technology. It is becoming noted as a global mobile communication service for its successful expansion of technologies and projects from Korean 5G-based sports content (professional baseball, golf, and so on).

In April 2019, 4DREPLAY began providing LG UPlus, a top-tier Korean mobile communication company, with 4DLive (a real-time, bullet-time, multi-view video streaming service) via mobile app. 4DLive is an immersive media technology that allows users to freely view videos on mobile devices.

4DLive applied to 5G mobile communication services
4DLive applied to 5G mobile communication services

Based on this domestic success, 4DREPLAY signed a contract with Japan’s SoftBank in May 2020 to supply 4DLive to SoftBank’s 5G mobile communication services. (One of the services displayed by SoftBank during a presentation of its 5G services was using 4DLive). SoftBank, which began providing 5G commercial services via 5G smartphone in March 2020, merged 5G and 4DLive with sporting events (e.g. baseball). 5G can send large quantities of data at ultra-fast speeds and is therefore used to broadcast sports videos in real-time while employing creative formats (free time point, multi-view, etc.)

4DREPLAY has also applied 4DLive to the 5G mobile communication services of Bell Canada, Canada’s largest telecommunications company. In March 2021, an ice hockey tournament between the Vancouver Canucks and Montreal Canadiens was broadcast on TSN/RDS using 4DLive. These sports networks are owned by Bell Canada and are ranked among Canada’s largest sports channels (alongside Rogers Media Group’s Sportsnet and TVA Sports) since the foundation of TSN in 1984. 4DLive is currently featured as the "TSN 5G View/Vision 5G RDS" function on TSN/RDS’s mobile app.

4DLive is a mobile-based, real-time, 360-degree video streaming service. Videos of a subject sent from the many cameras installed in a sports stadium (filmed from various angles) via 5G network can be edited by the viewer via 4DLive to be zoomed in or out at the desired angle, rewound, or replayed in real-time. This technology is hailed as providing a revolutionary, unmatched viewing experience that goes beyond passive video viewing in favor of enabling the viewer to control the movements of the subject on the screen from the desired angle and at the desired time.

4DREPLAY’s bullet-time camera technology, 4DReplay (which is also used in 4DLive), is currently available worldwide for sports and entertainment events. The 4DReplay technology, which is used especially frequently in real-time "highlight" scenes for sporting events, allows the user to view videos of the subject from any angle thanks to footage filmed by scores of special cameras. Filmed footage can be edited, without rendering, and sent within five seconds—a significant advantage that makes 4DREPLAY perfect for real-time broadcasts.

Hongsu Jung, CEO of 4DREPLAY, said, "Many countries are starting full-scale commercialization of 5G services, which is resulting in global mobile communication companies seeking to fortify their 5G content. 4DLive, which allows the user to essentially take control of time and space by manipulating videos sent in real-time however that user chooses, will continue to give consumers around the world captivating, one-of-a-kind experiences that highlight all of the best features of 5G content."

Since entering the American market in 2016, 4DREPLAY has consistently been recognized internationally for its technologies, which are applied to/featured in broadcasts of many major Korean and international sporting events (MLB, NBA, PGA, UFC, KBO, etc.) and have become popular with sports fans worldwide.

For more detailed information on 4DREPLAY, visit www.4dreplay.com.

About Born2Global Centre

Born2Global Centre (www.born2global.com) is a full-cycle service platform for global expansion. Since its inception in 2013, Born2Global has been setting the standard for a successful startup ecosystem as the main Korean government agency under the Ministry of Science and ICT. Born2Global has expanded and transformed startups to be engaged, equipped and connected with the global market.

About 4DREPLAY

4DREPLAY (www.4dreplay.com) is a unique video-making company based in Silicon Valley, San Francisco.  "4DReplay," a bullet-time camera technology, and "4DLive," a mobile-based, real-time, multi-view video streaming service, are being applied to sports, films, TV dramas, and music videos, for the fresh sense of realism they provide. These technologies are gaining recognition as some of the most innovative technologies of the Fourth Industrial Revolution, presenting a new immersive viewing experience to fans worldwide. As a leading global media firm with offices in Korea, the United States, and Japan, 4DREPLAY is continuing to grow through collaborations with professionals worldwide as well as based on its deep insight and pioneering spirit. Under the slogan "Creating Experiences," the firm offers users cutting-edge video technologies. As of December 2020, 4DREPLAY has attracted Series B investments, securing a total investment of USD 31.50 million and raising the firm’s value to USD 213.5 million.

Media contact
Born2Global Centre: jlee@born2global.com    
4DREPLAY: aylim@4dreplay.com

 

Related Links :

http://www.born2global.com/

PR Newswire

Color Star Technology Co., Ltd. (NASDAQ: CSCW) Stock Added to Russell Microcap® Index

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NEW YORK, June 25, 2021 –Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as "Color Star" or the "Company") announces that it will be added to the Russell Microcap® Index at the close of trading today, June 25th, 2021.

Basil Wilson, the CEO of Color Star, commented: "We are very pleased that Color Star is being added to the Russell Microcap® Index. Our inclusion in the index is testament to the Company’s growth potential. This is an important milestone that we believe will increase the overall reputation and visibility of Color Star within the global investment community while broadening the Company’s institutional shareholder base and increasing its liquidity."

Indexes benchmarked by the FTSE Russell, the world’s leading index provider, are extensively used by investment managers and institutional investors for index funds; it serves as a tool to assess active investment strategies. Approximately $9 trillion of assets are benchmarked against the Russell U.S. Indexes.

Membership of the well-known Russell Indexes® comes with numerous benefits, including the automatic insertion into the appropriate growth and value style indexes. This inclusion remains in place for one year. FTSE Russell traditionally determines the membership of its Russell Indexes® by objective, market-capitalization rankings and considers style attributes.

About Color Star Technology

Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. And CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com

Forward-Looking Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.  Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market in China and other countries where CSCW conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

For more information, please contact:

William Tu
Skyline Corporate Communications Group, LLC
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: wtu@skylineccg.com 

PR Newswire

Meten EdtechX Maintains the No. 2 Language Training Service Sales During China’s 618 Shopping Festival on Tmall.com

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SHENZHEN, China, June 25, 2021 — Meten EdtechX Education Group Ltd. (Nasdaq: METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced that its online ELT platform, "Likeshuo," maintained the No.2 language training sales[1] among all language training service providers who participated China’s 618 Shopping Festival on Tmall.com. Likeshuo generated over RMB 10 million in gross billings during China’s 618 Shopping Festival from June 1 to June 20, 2021.

Meten EdtechX launched its online ELT platform, Likeshuo, in 2015 and integrated high-quality online teaching in small-class settings and immersive teaching by foreign teachers from native English-speaking countries. Likeshuo has also successively covered Japanese and other minority language training markets.

[1] Ranking based on gross billings from June 1 to June 20, 2021 on Tmall.com.

About Meten EdtechX

Meten EdtechX is one of the leading ELT service providers in China, delivering English language and skills training for Chinese students and professionals. Through a sophisticated digital platform and a nationwide network of learning centers, the Company provides its services under three industry-leading brands: Meten (adult and junior ELT services), ABC (primarily junior ELT services), and Likeshuo (online ELT). The Company offers superior teaching quality and student satisfaction, served by cutting-edge technology deployed across its business, including AI-driven centralized teaching and management systems that record and analyze learning processes in real time.

The Company is committed to improving the overall English language competence of the Chinese population to keep abreast of the rapid development of globalization. Its experienced management is focused on further developing its digital platform and expanding its network of learning centers to deliver a continually evolving service offerings to a growing number of students across China.

For more information, please visit: https://investor.metenedu-edtechx.com.

Safe Harbor Statement

This announcement contains forward-looking statements that involve risks and uncertainties. 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. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the impact of the COVID-19 outbreak, our ability to attract students without a significant decrease in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and enhance our brands; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the English language training sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese English language training and private education market; Chinese governmental policies relating to private educational services and providers of such services; health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

Ascent Investor Relations LLC
Tina Xiao
+1 917-609-0333
tina.xiao@ascent-ir.com