Monthly Archives: September 2021

PR Newswire

KIIT Dominates in World Ranking of Universities

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Achieves No. 1 Position in Odisha & Eastern India

BHUBANESWAR, India, Sept. 3, 2021 — In an impressive achievement, Kalinga Institute of Industrial Technology (KIIT) Deemed University, Bhubaneswar jumped up 200 positions globally to be placed in the cohort of 801 – 1000 in the prestigious Times Higher Education (THE) World University Rankings 2022, announced on 2nd September 2021. It is a significant improvement from last year when it had achieved a rank of 1001+. KIIT’s performance makes it the No. 1 ranked university in Odisha and Eastern India.

Campus 1
Campus 1

While KIIT, NIT Rourkela, Amrita Vishwa Vidyapeetham and Vellore Institute of Technology (VIT) share the same rank in this coveted and most-referred annual ranking of the global higher education institutions, IIT Bhubaneswar and Manipal Academy of Higher Education have been ranked 1000+. SRM Institute of Science and Technology has slipped to 1200+ rank, compared to its position last year. As a young university of only 17 years, KIIT’s performance is better than any other university in the country. It has also been achieving impressive positions in the rankings conducted by various Government bodies. 

Expressing happiness over the development, Prof. Achyuta Samanta, Founder, KIIT & KISS credited combined efforts by students and staff for the achievement. "KIIT’s performance in the rankings is significant as it is a multi-disciplinary university with as many as 28 faculties. Had it been an institution offering only Engineering courses, it would have achieved much higher ranking," he said. KIIT’s consistent outstanding performance in global and national rankings is only due to the vision of its Founder, said elated KIIT staff. 

The Times Higher Education (THE) World University Rankings is an annual publication of university rankings by Times Higher Education (THE). It is the only global university performance table to judge research-intensive universities across all of their core missions. Rankings parameters include teaching, research, citations, industry income, international outlook as well as number of students, number of students per staff, international students and male and female student ratio. The rankings are trusted by students, academics, university leaders, industry and governments all over the world. 

Media Contact:
Shradhanjali Nayak
shradhanjali@kiit.ac.in

Campus 2
Campus 2

 

PR Newswire

PABLO AIR to Launch New York Drone Delivery PoC with EVA

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INCHEON, South Korea, Sept. 3, 2021  — PABLO AIR, a company specializing in drone logistics solutions and delivery services and a member of Born2Global Centre, will take part in the development of a drone delivery service for use in the United States. As a member of a consortium led by EVA, PABLO AIR will begin its participation in an empirical project on drone delivery in New York from April, 2022. The corridor is developed by Griffiss International Airport (GIA), Thales, Federal Aviation Administration (FAA), and the U.S. National Aeronautics and Space Administration (NASA) who are in the Northeast UAS Airspace Integration Research Alliance (NUAIR) Alliance. NUAIR Alliance, a nonprofit organization based in New York, supports a project that advances the UAS and AAM industries including standard development, product testing, drone integration, and real-life use-case scenarios. This venture is especially important for PABLO AIR because it essentially grants the company exclusive drone operation rights in this project. 

MOU signing between PABLO AIR and EVA
MOU signing between PABLO AIR and EVA

The project will be conducted in two New York locations: GIA, in Oneida County near Rome, and in Syracuse. The project will test the safety with which cargo can be delivered via drone to its destination; PABLO AIR will load objects onto a drone to be delivered from GIA to a station in Syracuse, a distance of approximately 50 miles.

Since establishing its US branch in June, PABLO AIR has engaged in diverse R&D endeavors in Arizona and New York. The company is currently conducting a joint R&D project with EVA, a multi-purpose unmanned station manufacturer whose CEO is a former Director Business and Organization Development of Japan and Asia in Tesla; this will strengthen EVA’s existing unmanned distribution system solution for unmanned mobility delivery stations. A designer affiliated with BMW America will assist in the station’s design.

PABLO AIR’s goal is to innovate the distribution industry by providing unmanned integrated distribution systems, in which the drone is the first step. To enhance the efficiency and accessibility of the unmanned delivery system, the company has developed PAMNet, software that operates and controls an integrated version of unmanned land, air and marine mobility systems. PAMNet is recognized in the industry as a solution that can speed up the commercialization of unmanned mobility delivery/distribution solutions by optimizing the operational environment and accessibility of unmanned systems. 

Kim Young-Joon, CEO of PABLO AIR, said, "This project is important as an opportunity for a Korean startup to showcase its aviation technologies in New York. We believe that the project is a turning point for PABLO AIR and will act as a stepping stone for our entrance into the American market. Moving forward, PABLO AIR will more actively strive to enter the global market with a sense of mission to benefit humankind through our technologies and services."

For more detailed information on PABLO AIR, visit www.pabloair.com.

About PABLO AIR

Established in 2018, PABLO AIR (www.pabloair.com) succeeded in July in attracting investment of KRW 8.5 billion (USD 8 million) for the pre-Series B round, bringing total investment in the venture to KRW 11.5 billion (USD 10 million). In 2020, for the first time in Korea, the company produced a long-distance maritime delivery using two drones over a distance of 80.6 km (50.1 mile). In 2019, the company organized a drone art show using 100 drones for the first time in Korea, followed by performing approximately 30 drone art exhibitions using more than 300 drones and fireworks. With its own developed autonomous delivery software solution called Pablo Air Mobility Network (PAMNet), PABLO AIR was named as a 2nd place winner in the Operation of the AUVSI XCELLENCE Awards 2021.

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.

Media contact

PABLO AIR: dlee@pabloair.com
Born2Global Centre: jlee@born2global.com

Related Links :

http://www.pabloair.com

PR Newswire

CLPS Incorporation Announces Establishment of Philippine Subsidiary to Expand in the Southeast Asia Market

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HONG KONG, Sep. 3, 2021 — CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that it established CLPS Technology (Philippines) Corp. ("CLPS Philippines") in Metro Manila. The formation of the Philippine subsidiary is in line with the Company’s global expansion strategy, particularly to extend its operation in Southeast Asia. CLPS Philippines has completed the initial phase of its business and started to be operational.

In recent years, CLPS has been proactively advancing its presence in Southeast Asia due to the continuous demand for financial IT services in the region. One such move is the completion of Ridik acquisition that led to designating Singapore as Southeast Asia headquarters of CLPS. Therefore, the Company established CLPS Philippines to support its clients’ respective international business, and eventually a means to penetrate the domestic financial IT services market in the country. As a result of this strategy, it will enable CLPS to maintain a strong foothold in the region.

CLPS appointed Mr. Srustijeet Mishra, head of CLPS Southeast Asia region, as the director and president of CLPS Philippines. "The establishment of the Philippine subsidiary is another solid evidence of the successful implementation of our global expansion strategy. In addition, it will provide a more efficient service delivery to our international clients’ businesses in the country. Our competitive advantage as a provider of industry-leading IT consulting and solution services in Asia Pacific region positions us to better serve our clients in banking and other financial institutions," Mr. Mishra said. "As we look ahead, we will institute plans to drive our overseas presence, such as exploring business potentials in other parts of Southeast Asia to further push our overseas revenue in an upward trend," he ended.

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT") consulting and solutions service provider focusing on the banking, insurance, and financial service sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial service industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong SAR, and their PRC-based IT centers. The Company maintains 19 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining eight global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, Australia, India, and the Philippines. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, and Twitter.

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s expectations of the Company’s future growth, performance and results of operations, the Company’s ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office 
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

Related Links :

https://ir.clpsglobal.com/

PR Newswire

Future FinTech Signs Term Sheet to Acquire Supply Chain Software Business

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NEW YORK, Sept. 3, 2021 — Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on August 30, 2021, the Company signed an equity acquisition term sheet (the "Term Sheet") to acquire 51% of the equity of Shanghai Dianfa Internet Technology Co., Ltd. ("Dianfa Technology"). The Term Sheet represents terms for a proposed transaction subject to definitive documentation and is non-binding except for its ‘Exclusive Period’ and ‘Confidentiality’; and ‘Governing Law’ sections.

According to the Term Sheet, the Company plans to acquire 51% of the equity of Dianfa Technology at a purchase price of RMB 17,850,000 (approximately US$ 2,762,730) of which RMB 6,000,000 (approximately US$ 928,650) will be paid in cash as a capital investment in Dianfa Technology and RMB 11,850,000 (approximately US$ 1,834,080) will be paid in shares of FTFT common stock to the selling shareholders of Dianfa Technology. The acquisition will be subject to legal and financial due diligence on the part of the Company.

Through this acquisition, FTFT plans to enter the key supply chain finance business of small and medium sized enterprises ("SMEs") and the microfinance sector since these entities are often not able to access bank loans as larger businesses can in China. As this represents a vast number of enterprises that have ongoing capital needs, the Company plans upon developing a financial ecosystem to include financial and lending institutions, merchants, retail businesses and other supply side services, embedded with financial technology and communications, to create a highly evolved and efficient platform to optimize capital flows for SMEs and microfinance companies.

Dianfa Technology provides digital management services and high-frequency small loan assistance services to micro, small and medium-sized businesses and their suppliers based on its innovative smart retail SaaS supply chain system. Dianfa Technology uses financial technology capabilities such as mobile Internet, big data, artificial intelligence, cloud computing and blockchain analytics to help financial institutions provide low interest collateral-free revolving credit products and services to micro and small merchants across the entire retail industry business chain to meet their funding needs. These capital needs are often of a ‘short, small, frequent and urgent’ variety and are essential in terms of supporting the operating needs of microbusinesses and small merchants.

Shanchun Huang, CEO of Future FinTech, commented, "We estimate that there are millions of microbusinesses in China which represents a tremendous opportunity for digital management, lending and payment processing companies such as Dianfa Technology. Further, we anticipate that this potential acquisition will enhance our competitive advantages as well as create important synergies with our existing capabilities in supply chain finance."

"In addition, we believe that FTFT’s strong blockchain development capabilities and rich application experience will enable us to evolve Dianfa Technology’s current smart retail SaaS supply chain system to a next business model architecture. With our increasing geographical reach, we foresee the potential to realize decentralized high-frequency small transactions for small and medium sized businesses across the globe," continued CEO Huang.

"Our goal is to become a leading financial technology company and provide an array of individual and business customers with digital inclusive financial services and in doing so, to maximize returns to our shareholders," concluded CEO Huang.

About Future FinTech Group Inc.

Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company’s operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain based application projects and financial services for the supply chain industry. The Company is also engaged in the development of blockchain based e-Commerce technology as well as financial technology. For more information, please visit http://ftft.com/.

Safe Harbor Statement

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2020 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Computers, News

ASUS Going All-In with OLED on the ProArt StudioBook 16 OLED and ProArt StudioBook Pro 16 OLED

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Innovation is ASUS’ middle name. Well, not really. But they are one of the most innovative PC manufacturers of late. They were the first and still the only manufacturer that offers a dual function touchpad that works as a mouse tracking pad and an extra number pad at the same time. They are the only manufacturer currently that ships some of their notebooks with two displays in a notebook PC. At this point, when ASUS launches new devices, we are basically asking, “what will be the next big thing?”.

OLED is not a new technology. By now you would have known and understood the power of an LED display and what it can offer in terms of colour reproduction and contrast, in comparison to regular LCD displays. It is not a new technology on ASUS devices too, in a sense. They have integrated the OLED technology into their ZenBook before this.

ProArt StudioBook Pro 16 OLED

ASUS StudioBook 5
Source: ASUS

The top-of-the-line ProArt notebook PC is the no compromise notebook for the creatives that needs the power for 3D CAD work. The OLED display that is splashed on the new ProArt StudioBook Pro measures in at 16 inches as per its name. The 16:10 display pushes 4K (3,840 x 2,400) UHD resolution into your face. The 4K UHD OLED display also boasts 100% DCI-P3 colour gamut coverage with up to 550 nits in maximum brightness. At ΔE<2 as well, the pantone validated display should be a lot of help for creators.

Inside the 16-incher’s chassis you can find either a very powerful AMD Ryzen 9 5900HX (W5600, up to), or an industrial 3rd generation Intel Xeon W-11955M (W7600, up to). Alongside the choice of two processors, the ASUS ProArt StudioBook Pro 16 can be specced with up to 64GB in 3200 MHz DDR4 RAM. At the same time, you can pack the StudioBook Pro with up to 4TB of PCIe SSD from the factory to ensure you have ample storage for all of your work and quick access to the files you need. Speaking of storage, the SD card reader on the StudioBook Pro is capable of reading SD cards at 985 MB/s for an extra smooth, extra fast workflow.

In terms of graphics, you get NVIDIA power for both variants of the StudioBook Pro. The notebook can be packed with up to an NVIDIA RTX A2000 GPU (A5000 of W7600 Intel variant), which is made specifically made for the studio environment. Thanks to modern machinery as well, you get the benefit and power of a full HDMI 2.1 port on the notebook.

ASUS StudioBook 3
Source: ASUS

While all these are well and good, it does take away from the interesting innovation that ASUS has fitted into the StudioBook Pro though. The innovation is on the surface of the keyboard on the ASUS ProArt StudioBook Pro 16. On the keyboard surface of the StudioBook Pro is not just a keyboard and touchpad combo. The touchpad does not need to double as a numpad as well, because this has dedicated physical numerical keys. The innovation comes in a form of a small circular dial that sits just below the keyboard.

They call it the ASUS Dial and it is brilliant for the creative industry. Using dials to have more granular and finer controls over your creative software, or even volumes, is nothing new. But having that packed in a notebook and having it accessible wherever you deploy your mobile workstation without extra accessories is new. This is what the ASUS Dial is though, a dedicated, built-in dial that is compatible with Adobe’s suite of apps. The implementation is not limited to Adobe though, imagine working with CAD software to create your next big project. The Mousepad also has a third middle button now just to really suit content creators for their projects and apps.

ProArt StudioBook 16 OLED

ASUS StudioBook 1
Source: ASUS

There is also the ASUS ProArt StudioBook 16 OLED, a less bonkers version of the ultimate creative working laptop. The ASUS ProArt StudioBook 16, visually, shares the same design cues with the more expensive and powerful ASUS ProArt StudioBook Pro 16. The StudioBook 16 even features the same ASUS Dial that the Pro variant gets. The touchpad also features the third middle mouse button.

You still get a 16-inch 4K (3,840 x 2,400) UHD OLED display that boasts the same colour accuracy as the pro variant. The difference lies in the hardware that powers the device. While you can still opt for the AMD Ryzen 9 5900HX AMD powerhouse if you are team red, the Intel variant only goes up to a Core i9-11900H processor. While it is no workstation powerhouse, the latest generation Tiger Lake Core i9 processor is still a respectable and mighty powerful processor for the notebook.

Graphics wise, the Intel variant stops at NVIDIA’s GeForce RTX 3060 while the AMD variant goes up to an NVIDIA GeForce RTX 3070. Both the notebooks support NVIDIA’s studio driver, these are creator-centric notebooks after all. You still get to pair the powerful processors with up to 64GB 3200 MHz DDR 4 RAM for smooth operations especially when you are relying on creative apps and 3D rendering projects. With up to 4TB in SSD storage as well, you are not going to be really wanting more storage space for your ongoing projects. On top of all of that is a super-fast SD Express 7.0 SD card reader with up to 985 MB/s read speeds.

Price and Availability

  • ASUS StudioBook 1
    Source: ASUS
  • ASUS StudioBook 6
    Source: ASUS
  • ASUS StudioBook 5
    Source: ASUS
  • ASUS StudioBook 4
    Source: ASUS
  • ASUS StudioBook 3
    Source: ASUS
  • ASUS StudioBook 2
    Source: ASUS
  • ASUS StudioBook 7
    Source: ASUS

There are no announcements on the availability of the new ProArt StudioBook series with OLED displays just yet. There are no mentions on pricing either but remember these are made to be the ultimate portable workstation for content creators. In that regard, you can expect them to come at a premium. With that kind of price premium, its availability in Malaysia might be even more delayed. However, if you are a production house in need of powerhouse like the ProArt StudioBook series with OLED displays, you can try ringing up ASUS to come up with a deal.

PR Newswire

BEST Inc. to Hold 2021 Annual General Meeting on October 20, 2021

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HANGZHOU, China, Sept. 3, 2021 — BEST Inc. ("BEST" or the "Company") (NYSE: BEST), a leading integrated smart supply chain solutions and logistics services provider in China, today announced that it will hold its 2021 annual general meeting of shareholders at 5th Floor, Block A, Huaxing Modern Industry Park, No. 18 Tangmiao Road, Xihu District, Hangzhou, Zhejiang Province, People’s Republic of China at 10:00 a.m. (Beijing time) on October 20, 2021.

No proposal will be submitted for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders to discuss Company affairs with management. The chairman of the AGM will conduct and lead the AGM and may accept questions from shareholders at his sole and absolute discretion.

The board of directors of the Company has fixed the close of business on September 17, 2021 (Eastern Daylight Time) as the record date (the "Record Date") for determining the shareholders entitled to receive notice of and attend the annual general meeting or any adjournment or postponement thereof.  Holders of record of the Company’s ordinary shares at the close of business on the Record Date are entitled to attend the annual general meeting and any adjournment or postponement thereof in person.  

BEST has filed its annual report on Form 20-F (the "Annual Report"), which includes the Company’s audited financial statements for the fiscal year ended December 31, 2020, with the U.S. Securities and Exchange Commission (the "SEC"). BEST’s Annual Report can be accessed on the investor relations section of its website at http://ir.best-inc.com or on the SEC’s website at http://www.sec.gov.

Holders of the Company’s ordinary shares may obtain a hard copy of the Annual Report, free of charge, by writing to:

BEST Inc.
c/o 5th Floor, Block A, Huaxing Modern Industry Park 
No. 18 Tangmiao Road, Xihu District, Hangzhou 
Zhejiang Province 310013 
People’s Republic of China 
Attention: IR Department

ABOUT BEST INC.

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-add services, including express and freight delivery, supply chain management and last-mile services, truckload service brokerage, international logistics and financial services. BEST’s mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain. For more information, please visit: http://www.best-inc.com/en/.

 

 

Related Links :

https://www.best-inc.com/

PR Newswire

BORN Group Establishes Philippine Office

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METRO MANILA, Philippines, Sept. 3, 2021 — BORN Group, an award-winning global agency (a subsidiary of Tech Mahindra) that combines creative design, content production and ecommerce services, is excited to announce their expansion into the Philippines with a new Metro Manila office.

BORN President Sandeep Kulkarni noted, "Born Group has ambitious plans to expand in the Philippines to leverage the immense creative & tech. talent that the country has to offer. I have travelled frequently to the country and have always come away impressed with what it has to offer."

The Metro Manila office is set to be a key source of high caliber marketing and technology talent intended to support large-scale, complex eCommerce implementations globally. BORN intends the space to be a training hub for the APAC region along with research and development capabilities for leading innovations in commerce. BORN’s Program Director Billy Favis will lead the center.

"I am excited to harness the incredible talent of the people from my home country to support the exponential growth of BORN globally," said Mr Favis.

As an employer of choice offering a good work-life balance and a competitive reward and benefit package, BORN is seeking technical  talent in the Philippines to scale the practice to 500+ strong over the next three years. BORN offers several options to travel to the US and other countries for onsite client support and training as well as the unique opportunity for joiners to be a thought leader, project manager, business analyst, marketer or technology expert to build and grow the Philippine operations.  

About BORN Group:

Connecting creative, content and commerce, BORN Group is an award-winning, global agency that helps brands with digital transformation. BORN is a Tech Mahindra company [www.techmahindra.com]. The group operates in 90 countries employing 120,000 staff from 37 nationalities speaking 18 languages. The company produces unique brand experiences by connecting ten specialisms that serve as the foundation of the digital economy: creative design, content production, commerce enablement, conversions (visitors to customers), cloud technology, cognition (analytics), cohesion (integrating all the systems), consulting and completeness (connecting brand experiences) across all channels.

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Business, Mobile, News

vivo Announces the Imaging Chip V1 – Its first In-house Imaging Chip

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vivo seems to be doubling down on its commitment to delivering the best imaging on mobile devices. The company only recently signed an agreement with ZEISS to co-develop camera technologies for mobile. Now, it is looking to spread its wings into creating imaging processors. Vivo announced its first foray – the Imaging Chip V1 – last week in Shenzen, China.

The Imaging Chip V1 is the result of over two year’s of research and development by over 300 personnel. vivo is viewing the Imaging Chip V1 as its first step towards pushing the image processing envelope forward. The company will be focusing on four strategic tracks to achieve its ambitions; image system, operating system, industrial design and performance. While the announcement comes in the midst of a chip shortage, vivo’s Executive Vice-President and COO, Hu Baishan, remains confident that vivo is able to meet its own needs and demands, ruling out collaborations at this time.

The announcement of the Imaging Chip comes as the latest in a series of collaborations and announcements from vivo as it looks to cement itself as a leader in mobile imaging technologies. That said, the company hasn’t revealed any details of the capabilities of the chip. However, if rumours are to be believed, the upcoming X70 series of smartphones will be the first to have the Imaging Chip V1. We won’t have to wait very long as the X70 series is expected to launch in October.

PR Newswire

Luokung Announces eMapgo to Lead Development of Standards for Technical Requirements of Automated Valet Parking Map and Localization

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BEIJING, Sept. 2, 2021 — Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that the Technical Requirements of Automated Valet Parking Map and Localization (the "AVP Requirements"), a standard project sponsored by Luokung’s operating affiliate eMapgo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has passed the review of the China Society of Automotive Engineers and entered the development phase.

Automated Valet Parking ("AVP") is known as the L4 autonomous driving technology that enables vehicles to park themselves. Luokung believes that AVP is currently the most promising application for autonomous driving technology and is the first to achieve commercial launch. The development of the AVP Requirements will further improve and refine the AVP standards and establish a uniform set of safety and technical requirements in China, providing a clear foundation for future AVP products. The development of the AVP Requirements allows the industry to promote the progress of AVP product development and launch, as well as the safe and rapid expansion of the autonomous driving industry.

Development of the AVP Requirements will be led by EMG, together with representatives of nearly 60 industries including relevant map vendors, positioning service providers, software and hardware vendors in the field of autonomous driving, car manufacturers, communication operators, and parking lot operators.

Mr. Xuesong Song, Chairman and CEO, stated, "We are pleased that EMG will be continuing its leadership role in the development of new industry standards, in this case for the exciting and growing autonomous driving industry. We believe that this role will open up additional opportunities for Luokung in the areas of autonomous driving and supportive technologies, affirming our leading position in the industry and enabling us to establish working relationships with new partners that are as dedicated to improving industry standards and laying a foundation for more widespread application of the AVP standard."

About Luokung Technology Corp.

Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and related intelligent spatial-temporal big data, Luokung establishes city-level and industry-level holographic spatial-temporal digital twin systems serving industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: www.luokung.com/en.

ABOUT EMAPGO

eMapgo, a variable interest entity ("VIE") of Luokung, is a leading provider of navigation and electronic map services in China, as well as a leading provider in Internet map services, geographic information system engineering and other A-level mapping qualifications. EMG possesses the National Class-A qualification certificates of navigable Surveying and Mapping, and actively develops autonomous driving and HD Map services. Effective March 17, 2021, Luokung consummated its acquisition of EMG through the purchase of the equity interests of Saleya Holdings Limited, which, through a series of contracts between its wholly-owned subsidiary DMG Infotech Co., Ltd. and EMG, made EMG Luokung’s VIE. For more information, please visit EMG’s website: www.emapgo.com.cn.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding our or our management’s expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "plan", "probable", "potential", "should", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination and analysis of the existing law, rules and regulations and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you the statement herein will be accurate. As a result, you are cautioned not to rely on any forward-looking statements.

CONTACT:

The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
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Qualcomm Snapdragon Sound Brings aptX Lossless

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Audio has gone through a mobile renaissance in the past few years. The number of companies developing technology to enable lossless, audiophile-quality sound has drastically increased. Just this year, services like Apple Music, Spotify and TIDAL have started offering spatial and lossless music on their services. Now, Qualcomm is looking to complete the experience with high fidelity, lossless sound over Bluetooth with their new aptX Lossless. This new Lossless standard will come built-in to the aptX Adaptive standard.

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Source: Qualcomm

Qualcomm’s aptX Lossless come as part of their Snapdragon Sound Technology which looks to up the ante when it comes to sound on mobile devices. The new standard will allow users to experience lossless CD-quality sound. Qualcomm claims that the new technology in the aptX Adaptive standard will produce high quality, lossless audio which will be mathematically bit-for-bit exact.

Qualcomm isn’t just revealing another standard with aptX Lossless, the technology behind it will also be ensuring better connectivity while streaming lossless audio. AptX Adaptive will work in tandem with Qualcomm Bluetooth High Speed Link technology to deliver sustainable bitrates to support lossless audio. Using these technologies simultaneously, Qualcomm is able to deliver data rates beyond 1Mbps yet seamlessly scale down to 140kbps in more congested RF environments. This helps minimize any dropouts or glitches for a more reliable listening experience.

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Photo by Sound On from Pexels

While the technology sounds promising, we will only be seeing aptX Lossless capable devices become commercially available in 2022. It may still be a little bit before we see the aptX Lossless standard become ubiquitous. That said, we’re looking at a growing demand for lossless audio among consumers with technologies like Spatial sound and 360 Audio becoming more mainstream.