Yearly Archives: 2021

PR Newswire

Award Winners Announced At “TADS AWARDS GALA 2021” Awards Presentation Ceremony Hosted in Hong Kong

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HONG KONG, Nov. 6, 2021 — TADS Awards (https://tadsawards.org/) is the world’s first annual international awards for the Tokenized Assets & Digital Securities sector. Co-organized by Asia Pacific Digital Economy Institute, Coinstreet Partners and the STO LAB , and sponsored by American Pacific Bancorp and GOIR, the 2nd year inaugural ceremony of the TADS Awards — "TADS AWARDS GALA 2021"  was hosted at 8 pm on Nov 5th as one of the official satellite events of the HONG KONG FINTECH WEEK. A total of eighteen (18) winners were announced from two (2) awards categories: "Best of Class TADS" and "Ecosystem Excellence," including the newly added NFT Token Award, NFT Platform Award, and Rising Stars Awards.

Mr. King Leung, Head of FinTech at InvestHK remarked at the ceremony, "We have witnessed very significant organic growth in the Digital Assets industry in Hong Kong in recent years. As the 2nd largest arts auction market in the world, Hong Kong is well positioned to be a market leader in the NFT sector particularly in the area of digital arts."  Mr. Leung  added, "TADS Awards is a great initiative which can provide a platform for global entrepreneurs to showcase their projects. It can help to connect companies and investors, and grow the ecosystem far beyond Hong Kong."

Dr. George Lam, Chairman of Hong Kong Cyberport commented at the ceremony, "I am glad to see TADS Awards share a vision of fostering the development of digital assets and financial innovation. I am also delighted to see this international digital asset industry award ceremony taking place in Hong Kong, a well-recognized international financial center." Dr. Lam elaborated, "The tokenized asset industry is a rising star in financial markets and plays an increasingly important role in the global economy. I look forward to seeing more innovative solutions from them and other industry players that can lead to further applications for tokenization and greater benefits to our economy. Again, congratulations to all the winners."

Mr. Robert Lui, Hong Kong Digital Asset Leader of Deloitte explained, "STO is a global trend.  It is one of the new capital fundraising channels for corporations. TADS Awards is a very meaningful and powerful event that can give encouragement and recognition to participants. It can also help to attract more young companies to join this industry."

Mr. Paul Howard, Co-Founder of Digital Arts Fair Asia said, "It is a very interesting time to see how securitization of tokens and assets is growing, and very exciting to see Hong Kong being at the forefront of it. During the recent Digital Arts Fair, we have seen a huge interest in both tokenized assets and non-fungible tokens. The combination of the two will create a new asset class that will revolutionize the art industry." Mr. Howard further added "TADS Awards can help develop the industry by building different sectors, and allow industry players gain recognition in ways that they are not able to independently."

Mr. Samson Lee, Chairman of Steering Committee of TADS Awards, and Founder and CEO of Coinstreet Partners noted, "TADS Awards 2020" was successfully launched last year with strong support from many industry leaders and key ecosystem drivers from over 16 countries." While reflecting on the growth of the TADS industry, Mr. Lee further commented, "It is amazing to see the increase in global support across all areas including business partnership, number of quality award nominations, and participation of committees. I am delighted to see the TADS Awards make an even larger impact in the industry, as the TADS market has gained momentum globally this year."

"Digital Banking is a key strategic direction for future development of American Pacific Bancorp, and digital assets are making their way into a fully regulated new asset class. We are very delighted to support TADS Awards which creates very positive momentum globally, driving the growth of the industry," said Mr. Frank Heuszel, CEO of American Pacific Bancorp and sponsor of TADS Awards.

TADS Awards celebrates these industries by recognizing and honoring significant contributions and distinguished achievements worldwide. Hosted annually, TADS Awards brings together individuals and businesses to share the energy that tokenization brings to the financial sector.

TADS Awards also aims to nurture the growth of these specific industries by jointly establishing "best practices" and setting "measuring standards" for high-quality tokenized assets and digitized securities, together with other industry leaders on the global market. – https://tadsawards.org.

The winners of TADS Awards 2021 are :

"Best Of Class TADS" Award Category (For Asset Issuers)

"Eco-System Excellence" Award Category (For Service / Solution Providers)

Award Winners Announced At “TADS AWARDS GALA 2021” Awards Presentation Ceremony Hosted in Hong Kong. TADS Awards (https://tadsawards.org/) is the world’s first annual international awards for the Tokenized Assets & Digital Securities sector. Co-organized by Asia Pacific Digital Economy Institute, Coinstreet Partners and the STO LAB, and sponsored by American Pacific Bancorp and GOIR.
Award Winners Announced At “TADS AWARDS GALA 2021” Awards Presentation Ceremony Hosted in Hong Kong. TADS Awards (https://tadsawards.org/) is the world’s first annual international awards for the Tokenized Assets & Digital Securities sector. Co-organized by Asia Pacific Digital Economy Institute, Coinstreet Partners and the STO LAB, and sponsored by American Pacific Bancorp and GOIR.

The World Economic Forum forecasts that by 2027, 10% of the world’s GDP will be tokenized — an estimated market capitalization of US$24 trillion. Tokenized Assets and Digitized Securities are the next big wave of the financial market, and are projected to undergo exponential growth in the coming years.

For more information about TADS Awards – https://tadsawards.org

To watch the "TADS Awards Gala 2021" ceremony – https://tadsawards.org/2021-award-gala/

About Asia Pacific Digital Economy Institute

Asia Pacific Digital Economy Institute (APDEI) aims to create a center of excellence, leadership, and partnership to incubate new thinking and innovation in practice; advance thought-leadership; generate new growth opportunities; enhance the competitiveness and productivity of business; and cultivate talents to accelerate the digital economy. For more information, please visit – https://apdei.org/

About Coinstreet Partners

Founded in 2017, Coinstreet is an award-winning, decentralized investment banking group, a high-end financial services firm for private wealth, and a professional consultancy firm in the Digital Asset and FinTech sectors, providing a business eco-system for the new era of digital economy. Coinstreet Partners focuses on five key business segments: (1) Asset Tokenization & Digitized Securities Consultancy, (2) Digital Asset Management & Private Banking, (3) Digital Asset Global Distribution Coordination, (4) TADS Issuance, Trading & Management Platform, and (5) DeFi, NFT & DLT Solution. 

Coinstreet is a co-organizer of Global Online Investor Roadshow (www.GOIR.info) – the next generation, institutional scale, online private placement platform for private equity, alternative investments, and digital asset opportunities; and a co-organizer of TADS Awards (www.TADSawards.org) – the world’s first international award for Tokenized Assets and Digitized Securities sector.

For more information, please visit – www.coinstreet.partners

About The STO LAB

Incubated by the Hong Kong Cyberport, the STO-LAB provides fully compliant, one-stop, end-to-end "asset tokenization" and "digitized security global distribution" solutions. The STO-LAB delivers asset tokenization services for a variety of asset types, including fixed assets, real estate, commodities, derivatives, stocks, debt, cash flow, and investment funds. The STO-LAB has established a global blockchain alliance network, with objectives of promoting Security Token Offering (STO) projects, facilitating convergence between digitized securities, tokenized assets and traditional financial market assets, and contributing to build a better eco-system for STO projects globally.

For more information, please visit – https://thestolab.com/

About American Pacific Bancorp

American Pacific Bancorp (APB) is a bank holding company, focused on acquiring controlling equity positions of commercial banks in the United States. APB will inject digital banking capabilities into the banks to provide global banking services to global clients, increasing profitability. APB is managed by a team of bankers and entrepreneurs whose shared vision is to build a robust, integrated technologically advanced bank holding company. They envision establishing a unique, customer-centric, globally focused entity that provides banking services through digital channels. For more information, please visit – https://www.amerpacbancorp.com/

Related Links :

https://coinstreet.partners/

PR Newswire

Fortune Rise Acquisition Corporation Announces Closing of Initial Public Offering and Full Exercise of Over-Allotment Option

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NEW YORK, Nov. 6, 2021 — Fortune Rise Acquisition Corporation (the "Company"), a newly incorporated blank check company, today announced the closing of its initial public offering of 9,775,000 units, including 1,275,000 units issued pursuant to the underwriters’ full exercise of the over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $97.8 million.

The Company’s units commenced trading on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "FRLAU" on November 3, 2021.

The Company is sponsored by Fortune Rise Sponsor LLC and is led by a management team consisting of Chief Executive Officer and Director Lei Huang, Chairwoman & President Lei Xu, Chief Financial Officer Yuanmei Ma, and board members David Xianglin Li, Michael Davidov and Norman C. Kristoff.

The Company is a newly organized blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company has not selected any business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. The company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company is prohibited from undertaking an initial business combination with any entity that conducts a majority of its business or is headquartered in China (including Hong Kong and Macau).

Each unit sold in the offering consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one whole share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable and will trade. After the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on NASDAQ under the symbols "FRLA" and "FRLAW," respectively. 

US Tiger Securities, Inc. and EF Hutton, division of Benchmark Investments, LLC acted as the joint book running managers on the offering. EF Hutton, division of Benchmark Investments, LLC also acted as qualified independent underwriter.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained by contacting US Tiger Securities, Inc., 437 Madison Avenue, 27th Floor, New York, New York 10022; email: IB@ustigersecurities.com. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

A registration statement relating to these securities was filed with, and declared effective by, the Securities and Exchange Commission (the "SEC") on November 2, 2021. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release shall not constitute an offer to sell or a 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 registration or qualification under the securities laws of any such state or jurisdiction.

About Fortune Rise Acquisition Corporation

Fortune Rise Acquisition Corporation is a newly organized blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company has not selected any business combination target and have not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. The company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company is prohibited from undertaking initial business combination with any entity that conducts a majority of its business or is headquartered in China (including Hong Kong and Macau).

Forward Looking Statements

This press release includes forward looking statements that involve risks and uncertainties. Forward looking statements are subject to numerous conditions, risks and changes in circumstances, many of which are beyond the control of the Company, including those set forth in the "Risk Factors" section of the Company’s registration statement, as amended from time to time, and prospectus for the offering filed with the SEC. Such forward-looking statements include the successful consummation of the Company’s initial public offering or exercise of the underwriters’ over-allotment option. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

 

PR Newswire

Tuya to Report Third Quarter 2021 Financial Results on November 22, 2021 Eastern Time

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SANTA CLARA, Calif., Nov. 6, 2021 — Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA), a global leading IoT cloud development platform, today announced that it plans to release its unaudited financial results for the third quarter 2021 after the U.S. market closes on Monday, November 22, 2021. Tuya’s management will hold a conference call at 07:00 P.M. Eastern Time on Monday, November 22, 2021 (08:00 A.M. Beijing Time on Tuesday, November 23, 2021) to discuss the financial results.

In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including Direct Event passcode, a unique registrant ID, dial-in numbers, and an e-mail with detailed instructions to join the conference call.

Online registration:                             http://www.directeventreg.com/registration/event/7172169

Conference ID:                                   7172169

The replay will be accessible through November 29, 2021 by dialing the following numbers:

International:                                       +1-800-585-8367

United States:                                      +1-416-621-4642

Access Code:                                       7172169

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.tuya.com/.

About Tuya Inc.

Tuya Inc. (NYSE: TUYA) is a global leading IoT cloud development platform with a mission to build an IoT developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built IoT cloud development platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers. Through its IoT cloud development platform, Tuya has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners and end users to engage and communicate through a broad range of smart devices.

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.

Investor Relations Contact

Tuya Inc.
Investor Relations
E-mail: ir@tuya.com

ICR, LLC.
Robin Yang
Phone: +1 212-537-5825
E-mail: Tuya.IR@icrinc.com

Related Links :

https://www.tuya.com/

PR Newswire

Green Flight Initiative Aired in North Bund International Aviation Forum

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SHANGHAI, Nov. 5, 2021 — On November 4, the first North Bund International Aviation Forum, with the theme on the sustainable development of the global aviation industry, was held in China’s economic hub Shanghai, injecting new aviation elements and driving power into the city’s development into an international shipping center.

North Bund International Aviation Forum
North Bund International Aviation Forum

 

North Bund International Aviation Forum
North Bund International Aviation Forum

Jointly organized by China Eastern Air Holding Company Limited and Shanghai Airport Authority, this event was a parallel forum of the North Bund Forum.

Officials from related government agencies such as the National Development and Reform Commission, the Civil Aviation Administration of China and the Shanghai Municipal Government, as well as about 150 guests from domestic and foreign civil aviation enterprises, industry associations, and colleges attended the forum.

They discussed the new model of sustainable development and international cooperation in the industry around issues such as carbon emission reduction in civil aviation and construction of world-class aviation hubs, and released a number of major achievements and important initiatives in the industry.

At the forum, Zhang Wei, vice mayor of Shanghai, said that this year is the year when the Shanghai International Shipping Center is basically in shape. Shanghai will adhere to building a world-class aviation hub with leading quality, accelerate the improvement of airport ground facilities, and enhance the coverage and accessibility of airline network.

"The city will improve the legal system for green development and accelerate the green development of the aviation industry, while joint efforts will be made to promote coordination of the world-class airport group in the Yangtze River Delta in terms of functional positioning, planning and construction, operation management and ground transportation," Zhang added.

Willie Walsh, director general of IATA, said that to give an indication of the scale of the pandemic disruption, losses of the airline industry were significantly reduced in 2021. With a 20 per cent share of the global commercial aviation market, China’s domestic market is increasingly important. At present, IATA is actively dealing with the impact of the epidemic, and the industry remains confident about the future.

Liu Shaoyong, chairman of China Eastern Air Holding Company Limited, said that the company will give full play to the features of the aviation industry with a long chain, strong driving effect and great influence radiation. With the new mode of digital transformation and intelligent upgrade, China Eastern will accelerate the building of smart aviation, inclusive aviation and airport cities. A new aviation economic ecology will take shape by developing "aviation + tourism", "aviation + finance", "aviation + exhibition" and the integration of aviation with other services.

Qin Yun, chairman of Shanghai Airport Authority, said the company will strengthen cooperation with airports and airlines around the world to build a green and ecological airport and a digital airport.

During the session of topic sharing, Li Yangmin, general manager of China Eastern Air Holding Company Limited, made a special sharing on the situation of aviation hubs in world-class cities, the development process of hubs and serving Shanghai’s development into a world-class city. More than 10 guests delivered keynote speeches on cooperation and win-win of international civil aviation in the field of carbon emission reduction during the pandemic and construction and upgrading of world-class aviation hubs.

In the dialogue session, the speakers focused on the opportunities and challenges of reshaping the global industrial chain and supply chain, and discussed the development ideas from the perspectives of logistics industry development, aviation logistics, airport cargo terminal business and supply chain solutions.

At this forum, senior executives of 20 enterprises in the aviation sector released an initiative on global aviation industry carbon reduction cooperation via video.

The North Bund International Aviation Forum will be held in Shanghai every year as a parallel forum of the North Bund Forum, which will help the latter to become the "Davos" of the international shipping industry, better promote the Chinese shipping brands to the world and share Shanghai’s perspectives. China Eastern will also host the 78th IATA Annual General Meeting (AGM) and the World Air Transport Summit in Shanghai in June 2022.

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Caption: North Bund International Aviation Forum

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Caption: North Bund International Aviation Forum

PR Newswire

USLAM Air 5.0™ Transformed from UBTECH Empowers AIRROBO Robot Vacuums

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HONG KONG, Nov. 5, 2021 — AIRROBO (air-robo.com), the smart home appliance brand with a focus on AI-enabled technologies, supported by world-leading AI and humanoid robotic company, UBTECH Robotics, today introduced USLAM Air 5.0 TM, the much-anticipated technology empowered by UBTECH Robotics for its robovacs. The USLAM Air 5.0™ allows AIRROBO robovacs to intelligently and accurately navigate and position themselves with smarter map building and targets identifying capabilities.

AIRROBO & UBTECH Robotics
AIRROBO & UBTECH Robotics

LiDAR technology and SLAM algorithm are the core technologies of any type of robot. UBTECH Robotics’ powerful USLAM technology has empowered the sub-brand AIRROBO, deriving USLAM Air 5.0TM, which solves real-life problems in household cleaning automation with high efficiency, accuracy and stability, not crashing into chairs and tables before it cleans up nor getting pets tangled and messing up floors, for example.

AIRROBO Robot Vacuum P10, T9 and T10+
AIRROBO Robot Vacuum P10, T9 and T10+

What is USLAM?

After five years of technological development, UBTECH Robotics possesses a variety of proprietary core techs in the field of humanoid robots, including the multi-source sensor SLAM system, lightweight semantic real-time map reconstruction, scenario-based autonomous perception and comprehension, navigation planning, and decision control. Based on these achievements, UBTECH Robotics has independently developed USLAM (autonomous positioning and navigation system), which integrates the functions of Localization, Mapping, Navigation and Perception. USLAM not only enables a plug-and-play system for multiple sensors, it also makes positioning and navigation more Efficient, Accurate and Stable.

What is USLAM Air 5.0TM?

USLAM Air 5.0TM is derived from USLAM which has been validated and optimized through application in the field of humanoid robots for 5 years. By supporting Cloud-Based Intelligent Service Robot Cruzr in 2017, Autonomous Indoor Monitoring Robot AIMBOT in 2019, UV-C Disinfection Robot ADIBOT in 2020, and Intelligent Humanoid Service Robot Walker in 2021, UBTECH Robotics’ powerful USLAM system, has promoted the development of positioning and navigation technology and the implementation of a wider range of applications in the robotic industry.

Core Technologies

  • Combined laser and visual navigation for large-scene high-quality mapping
  • Multi-sensors take account of strong robustness and high accuracy
  • Dynamic and timely path-planning and 3D all-round autonomous obstacle avoidance

UBTECH Robotics empowers AIRROBO by applying the systematic integration of autonomous positioning and navigation technology to smart home appliances like robovacs. Therefore, USLAM Air 5.0TM was derived from USLAM. "Air" indicates and symbolizes the lightweight semantic algorithm, which can be interpreted as less requirements on the hardware, due to a more delicate algorithm. "Air" also represents the brand identity of AIRROBO. In practical application, USLAM Air 5.0TM enables high-quality mapping in large or small living space, multi-sensor millimeter-level high-precision positioning, dynamic path planning and 3D all-around autonomous obstacle avoidance. In view of the above, AIRROBO robovacs "think, understand and respond"* better in terms of mapping, navigation, planning, perception, positioning, cleaning, safety and user experience. (LiDAR technology is a sensing method that uses light in the form of a pulsed laser to measure ranges for better navigation only, protecting users privacy.)

"In recent years, as the pursuit of high standard of living has increased, robot vacuum cleaners in China and the global market have been iteratively upgrading to meet the trend of an aging population, increased pet ownership, and younger residential owners. With smart appliances entering millions of households, different sizes of living space and complex indoor environment have become a challenge for the smart home industry," said Tommy Zhang, general manager of AIRROBO.

Over the years, UBTECH Robotics has put robots into use in many fields, among which, USLAM has processed more than 100,000 kilometers of course data* for accurate navigation in large scenarios. The total area of USLAM’s autonomous map construction has exceeded one million square meters*. The positioning accuracy of USLAM has reached centimeter level as well as control accuracy at 1 millimeter level*. USLAM recognizes over a thousand target identifications*, and has supported the real-time construction of object-level semantic maps.

About AIRROBO

AIRROBO is a smart home appliance brand with a focus on AI-enabled technologies. Supported by world-leading AI and humanoid robotic company, UBTECH Robotics, AIRROBO is aiming to bring the most cutting-edge technology to more and more households around the globe, making smart home a new norm of life.

* While using, the LiDAR on the device will build a map for cleaning path planning only. Please rest assured that we fully understand the importance of personal privacy. The mapping will only be used to extract feature lines for cleaning navigation and will not be used for any other purpose other than cleanups.

Contact: Johnny Liang
Email: jianhao.liang@ubtrobot.com

PR Newswire

HAI ROBOTICS and Invar tie to expand global presence

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The partnership will bring HAI ROBOTICS’ autonomous-case handling robotics (ACR) solution to the global supply chain where Invar is more established.

SHENZHEN, China, Nov. 5, 2021 — HAI ROBOTICS, a global leader in Autonomous Case-handling Robotics (ACR) system for warehouse fulfillment, announced partnership with the UK-based global logistics solutions engineering company Invar System in a bid to expand its global presence by delivering competitive service to the supply chain where Invar is more established in the market place.


The strategic ties with Invar is HAI ROBOTICS’ second in Europe following its alliance with France-based Savoye.

HAI ROBOTICS and Invar will work together to ensure HAI ROBOTICS’ ACR robots will be seamlessly connected with Invar’s in-house developed WMS solution to provide customers with a more efficient, cost-effective intralogistics solution. The joint solutions will be expected to address the dramatically growing demand for order fulfillment in the area where warehouses are facing mounting pressure to upgrade their storage and fulfillment capacity with the online shopping boom.

HAI ROBOTICS launched the first ACR system HAIPICK in 2015 and ever since then, has made considerable commercial success with more than 300 projects operating globally due to its high level of flexibility. HAIPICK ACR robots can pick and place totes or cartons on storage shelves up to 10 meters high and carry up to 8 loads to continuously feed goods-to-person picking stations. One of the company’s new launches at CeMAT Asia 2021, the HAIPICK A3 Fork-lifting ACR allows wider storage scenarios in which goods are not necessarily placed inside a box, such as tires and trays. The robot can provide larger storage possibilities and better rack space utilization.

Kane Luo, Vice President of sales for HAI ROBOTICS, said, "The partnership will be able to offer warehouse operators a unique and innovative solution that delivers higher fulfillment volumes, at lower operation costs and with better distribution efficiency."

Invar has an extensive network of global customers and has been widely recognized for its WMS and automation integration capabilities.

Craig Whitehouse, Managing Director of Invar Integration, said, "These are exciting times, robotics has transformed automation in the warehouse. Their flexibility, scalability and low-Capex appeal offers huge advantages over fixed solutions. HAI ROBOTICS has a fantastic range of intelligent ACRs, well suited to the varied demands of fulfillment applications, and so we are delighted to include HAI ROBOTICS’ advanced ACRs in our fast-expanding solutions suit."

The HAIPICK system is seeing a fast-expanding global presence in the warehousing logistics sector, and has been implemented in e-commerce, 3PL, apparel, electronics, energy, manufacturing, medicine, and other industries, with over 300 projects alive worldwide. Some notable overseas customers include DHL Supply Chain, Phillips, Booktopia, GE and HP.

About HAI ROBOTICS

HAI ROBOTICS, a trailblazer of autonomous case-handling (ACR) system, is committed to providing efficient, intelligent, flexible, and customized warehouse automation solutions through robotics technology and AI algorithms. It aims to create value for each factory and logistics warehouse.

Founded in 2016 with headquarters in Shenzhen, China, HAI ROBOTICS has set up five subsidiaries in Hong Kong SAR, Japan, Singapore, the U.S. and the Netherlands, serving customers from over 30 countries and regions. It now has over 1,000 staff, more than 50% of whom are engineers. The company has acquired more than 600 global patents for core intellectual properties involving positioning, robot control and warehouse management.

About Invar Group

Invar Group, headquartered in Cranfield UK, is focused on delivering complete turnkey warehouse automation solutions using advanced technologies such as industrial robotics, AMR goods-to-person solutions, pick-to-light technology, sortation systems, as well as conventional warehouse automation. The Group comprises: Invar Systems, a developer of warehouse control and management systems; Invar Integration (Greenstone Systems), a front runner in solutions design, hardware integration and project management; and Invar Controls, specialists in the design, implementation and maintenance of PLC software and hardware.

PR Newswire

Renren Inc. to Hold Annual General Meeting on December 17, 2021

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PHOENIX, Ariz., Nov. 5, 2021  — Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), today announced that it will hold its Annual General Meeting of Shareholders (the "AGM") at 2400 East Missouri Avenue, Phoenix AZ, 85016, at 9:00 a.m. local time on December 17, 2021. The purpose of the AGM is for the Company’s shareholders to consider, and if thought fit, approve the change of the Company’s legal name from "Renren Inc." to "Moatable, Inc." and the adoption of the Company’s 2021 Share Incentive Plan.

The board of directors of the Company has fixed the close of business on November 15, 2021 as the record date (the "Record Date") in order to determine the shareholders entitled to receive notice of the AGM or any adjourned or postponed meeting thereof.

Holders of record of the Company’s ordinary shares at the close of business on the Record Date are entitled to attend, and to vote at, the AGM and any adjournment or postponement thereof in person. Beneficial owners of the Company’s American depositary shares ("ADSs") who wish to exercise their voting rights for the underlying shares represented by the ADSs must act through Citibank, N.A., the depositary of the Company’s ADS program.

About Renren Inc.

Renren Inc. (NYSE: RENN) operates several US-based SaaS businesses including Chime, a CRM and Marketing Automation platform, and Trucker Path, a trip-planning and business app for long-haul truckers. Renren’s ADSs, each currently representing 45 Class A ordinary shares of the Company, are traded on NYSE under the symbol "RENN".

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Renren may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Renren’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and Renren does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

Related Links :

http://www.renren.com

PR Newswire

Sogeti Report: Visual AI Shortens Software Release Cycles and Reduces Engineering Rework

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The ‘State of AI applied to Quality Engineering 2021-22’ report examines how computer vision technology helps overcome test automation issues to improve efficiency

SAN MATEO, Calif., Nov. 4, 2021 — Applitools, provider of next generation test automation platform through Visual AI and Ultrafast Test Cloud, was highlighted in the ‘2021 State of AI applied to Quality Engineering’ report by Sogeti, part of the Capgemini Group. The report analyzes how Visual AI is delivering the next generation of functional, visual, and cross-browser/device testing and helping leading brands deliver a visually perfect digital experience.

Start reading "Shorten Release Cycles with Visual AI" today: http://applitools.info/sogeti-state-of-ai

"As a leader in quality engineering, Applitools and its Visual AI technology is evolving nearly every aspect of how quality software is being delivered today," said Antoine Aymer, group CTO for Quality Engineering at Sogeti. "As a mature technology being adopted by leading brands across vertical industries, Visual AI is critical in helping accelerate the delivery of digital experiences through the enablement of modern engineering practices."

Today’s software engineering teams are faced with increasing application complexity, an explosion of device/browser combinations and constant business pressure to release faster – all resulting in an increasingly challenging quality problem that traditional approaches to test automation cannot scale to address. Furthermore, any delay between code check-in and defect detection creates friction for developers and waiting for a completed UI introduces delays for testing, putting release schedules at risk due to defects discovered late in the development cycle.

"The Sogeti report shares insights for how AI is being applied to quality engineering and evolving the roles of developers and testers," said Mark Lambert, VP and AI Evangelist at Applitools. "Visual AI frees engineering teams from mundane and repetitive tasks resulting in fundamental increases in efficiency and overall cost reductions associated with quality. We are excited to see that Visual AI continues to be recognized by industry leaders as a critical part of a modern software delivery pipeline."

Applitools’ Visual AI provides three core capabilities that make it possible for teams to quickly identify regressions between snapshots of the user interface during active development:

1)    Highly accurate comparison algorithms ensure developers are not plagued with false positives, a challenge faced with the traditional pixel matching approach to visual testing.
2)    Automated maintenance significantly reduces overhead by grouping and categorizing visual defects, enabling the team to quickly check steps across multiple tests, and environments, in a fraction of the time required to achieve the same result manually.
3)    Accelerated Cross Browser Testing, running validation across all combinations of browsers, devices and viewport combinations in seconds.

How does Visual AI increase release velocity?
Applitools’ Visual AI integrates directly into a team’s existing test automation practice and enables complete automated regressions of the user interface with a single snapshot, or line of code. By reducing the amount of test code required, and the use of brittle element locators, tests are authored 5.8x faster, with a corresponding 3.8x reduction in test maintenance, while increasing test coverage to catch 45% more bugs. Furthermore, the accuracy and efficiency of Applitools’ Visual AI enables accelerated cross browser testing 18.2x faster than traditional cloud execution platforms, rendering across any combination of browsers, devices and viewports in seconds vs minutes or hours.

To read more about the report, visit the recent Applitools blog (http://applitools.info/sogeti-blog) and visit https://applitools.com/ to learn how Visual AI is transforming how the world’s top brands accelerate the delivery of innovation to their clients, while protecting their brand and ensuring digital initiatives have the desired business outcomes.

About Applitools
Applitools is leading the industry in the application of artificial intelligence (AI) and machine learning (ML) to test automation, delivering a next generation test automation platform powered by Visual AI. Over 400 hundred of the world’s top digital brands from verticals such as Tech, Banking, Insurance, Retail, Pharma, and Publishing — including 50 of the Fortune 100 — use Applitools to deliver the best possible digital experiences to millions of customers on any device and browser, and across every screen size and operating system.

Applitools’ Ultrafast Test Cloud modernizes critical test automation use cases — Functional Testing, Visual Testing, Web and Mobile UI/UX Testing, Cross Browser Testing, Responsive Web Design Testing, Cross Device Testing, PDF Testing, Accessibility Testing and Compliance Testing — to transform the way businesses deliver innovation at the speed of DevOps without jeopardizing their brand.

Applitools is headquartered in San Mateo, California, with an R&D center in Tel Aviv, Israel. To learn more, visit applitools.com or follow us on LinkedIn, Twitter and Facebook.

Contact:
Jeremy Douglas
Catapult PR-IR
303-589-1941
jdouglas@catapultpr-ir.com

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PR Newswire

Smart leads Philippine 5G adoption in fast-growing APAC market

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MANILA, Philippines, Nov. 4, 2021 — As 5G adoption picks up globally, Smart Communications, Inc. (Smart), a subsidiary of PLDT, Inc., is at the forefront of driving 5G adoption in the Philippines.

Between the second and third quarter, data traffic on Smart’s 5G network also posted triple-digit growth, as average monthly data traffic grew by nearly 20x between the 4th quarter of 2020 and the 3rd quarter of 2021. Smart also delivered a three-fold increase in 5G data traffic in the first quarter and second quarter of 2021.

This is bolstered by recent data from YouGov, a London-based international research data and analytics group, which reported countries in the Asia-Pacific region are the world’s largest and quickest growing smartphone markets, and they also lead the way in 5G adoption compared to other parts of the world.

In the Philippines, Smart–the country’s fastest and most reliable 5G network, delivering the most consistent and most available 5G service, according to Ookla–leads the way in 5G adoption and network deployment. 

Smart operates the country’s widest 5G network at more than 4,400 sites nationwide. Most recently, Smart fired up the country’s first commercial 5G Stand-alone (SA) cell sites in business hub Makati City. 5G SA technology paves the way for new industrial applications as it provides super-fast response times and faster access to higher data rates that are critical in advancing Internet of Things solutions for businesses, health care, and smart cities.

To benefit from the best 5G experience in the country, more customers have been making the move to the Smart network without having to change their numbers, as enabled by Mobile Number Portability.

Customers who want to switch to the Smart network must first secure a Unique Subscriber Code from their originating provider to serve as clearance and bring it to the nearest Smart Store along with a valid ID and any proof of mobile ownership. From there, Smart shall begin processing their application without any charges.

To know more about switching to Smart, interested switchers may also visit x.smart/switch or head to the nearest Smart Store. Users may also make the switch via the GigaLife App.

PR Newswire

France Fintech and Binance Announce Creation of EUR100 Million Crypto and Blockchain Initiative in France

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New initiative to significantly contribute toward making France and Europe the leading global player in blockchain and crypto industry

PARIS, Nov. 4, 2021 — France FinTech, a leading non-profit association whose mission is to promote FinTech excellence in France, and Binance, the world’s leading blockchain ecosystem and cryptocurrency exchange, today announced the launch of a EUR100 Million initiative to support the development of the French and European blockchain and cryptocurrency ecosystem.

Speaking at a conference today with Cédric O, Minister of State for the Digital Transition and Electronic Communication in France at the French Ministry of Finance in Paris, Changpeng "CZ" Zhao, founder and CEO of Binance announced the launch of the initiative, called "Objective Moon", that will comprise three key cryptocurrency and blockchain innovation projects in France.

The EUR100 million initiative, which will be funded by Binance, will see the development of a Binance Research and Development hub in France, along with the creation of a Decentralized Ledger Technology (DLT) accelerator and a new online Education Programme to develop blockchain and crypto industry talent in France. The education programme will be created in partnership with OpenClassroom and Ledger.

Alain Clot, Chairman of France Fintech announced : "France Fintech believes that France is uniquely positioned in terms of regulation, talent and expertise to be the leading player in Europe in the field of decentralized finance and we believe that the collaboration started with Binance today will allow the entire ecosystem to grow significantly in the coming years."

CZ, founder & CEO of Binance said: "At Binance, we recognise the quality of French and European tech, crypto and blockchain talent, and we are convinced that with the launch of Binance’s major operations and investment in France, we can significantly contribute toward making France and Europe the leading global player in blockchain and crypto industry."

Binance plans to establish a French Hub for its Research and Development, and will recruit cryptocurrency and blockchain talent from across France and Europe. The new online education programme, which will be created in partnership with France FinTech, Binance and Ledger, will also aim to help people who want to learn more about blockchain and cryptocurrency and see it as an attractive career opportunity.

The creation and development of the "Objective Moon Accelerator, which will be dedicated to building up the Decentralized Ledger Technology (DLT) ecosystem in France and Europe is also seen as important, as DLT is seen as a critical enabler of blockchain security, which is essential as a cryptocurrency continues to reach more mainstream audiences.

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by tens of millions worldwide, the Binance platform is dedicated to providing the world’s most secure exchange for individual and institutional investors, and features an unmatched portfolio of blockchain products and offerings, including: crypto trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com

About France Fintech

Created in June 2015 on the initiative of entrepreneurs, France FinTech is a non-profit association whose mission is to promote the excellence of the sector in France and abroad and to represent French fintech to the public authorities, the regulator and the ecosystem. It brings together French Fintech, Insurtech and Regtech with the potential to become European or global leaders. All the players wishing to support this movement and be recognized as an integral part of the ecosystem have gathered around the start-ups: technology companies, investment funds, law and consulting firms, banks, insurers, industrial companies, public or associative entities, etc. Visit https://francefintech.org/

About Ledger

Founded in 2014, Ledger is a global leader in security and infrastructure solutions for critical digital assets and blockchain applications. Headquartered in Paris and Vierzon, with offices in London, New-York and Singapore, Ledger has a team of more than 400 professionals developing a variety of products and services to secure and manage cryptocurrency assets for individuals and companies – including the Ledger hardware wallets line with more than 3 millions units already sold in 165 countries. www.ledger.com