Yearly Archives: 2021

PR Newswire

SIMBA Chain Raises $25 Million in Series A Funding

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SOUTH BEND, Ind., Sept. 4, 2021 — SIMBA Chain , the technology company that eliminated the complexities of blockchain app development and reduced energy usage, thus opening the door to a world of users, has closed a $25 million Series A funding round led by Valley Capital Partners. The round received additional participation from the Notre Dame Pit Road Fund, Elevate Ventures, Stanford Law School Venture Fund, and individuals affiliated with Kohlberg, Kravis & Roberts (KKR), Amazon, Apple, Facebook, SpaceX, Gap, Estee Lauder, AppLovin, Microsoft, Moelis & Company, Stanford University, the Golden State Warriors, the founders of Lightspeed Venture Partners and New Enterprise Associates and other individual investors.

SIMBA Chain, a startup incubated at the University of Notre Dame, offers a simple, time- and energy-efficient method for deploying blockchain technology in the most secure and complex environments. Its state-of-the-art technology autogenerates a robust family of APIs that support permissioned and public blockchains, allowing customers to launch blockchain applications without hiring costly consultants or consuming valuable tech expertise. And because SIMBA Chain allows users to select from a wide range of blockchain technologies, with portability across these chains, the company provides a level of flexibility and customization that traditional blockchain approaches cannot support.

Joel Neidig, SIMBA Chain CEO and co-founder, stated, "Demand for our Web3 smart contracts platform has accelerated across all of our markets much quicker than we anticipated. Users across multiple spectrums have embraced and validated the SIMBA Chain model, which simplifies development of smart contracts. The market has also responded positively to our support of multiple blockchains, including Ethereum, Avalanche, RSK, Stellar, and many others, making SIMBA Chain-based applications simple, highly portable and sustainable." SIMBA Chain’s technology is currently used by Fortune 500 companies and other multi-billion-dollar organizations.

Steve O’Hara, managing partner at Valley Capital Partners of Menlo Park, California, said, "Since its founding in 2017, SIMBA Chain has distinguished itself by solving the incredibly hard problem of making blockchain technology, which is inherently complex and difficult to master, accessible to literally anyone who wants to realize the advantages blockchain has to offer. Thanks to the intellectual depth and insatiable curiosity of its team, SIMBA Chain has succeeded in establishing impressive beachheads in the defense and enterprise markets – a rare thing to see in emerging frontier technologies like blockchain. We are excited to support SIMBA Chain at this pivotal time."

With the additional funding, SIMBA Chain plans to scale sales, marketing, and development, and to dedicate resources to emerging enterprise-level opportunities such as non-fungible tokens. SIMBA Chain expects business enterprises, academic institutions, and others will use its software to manage and monetize digital and physical assets as well as to launch business models that don’t exist today.

"This is one of the more exciting blockchain companies I’ve seen in a while," observed Joseph Grundfest, a Stanford Law School professor, former commissioner of the Securities and Exchange Commission and member of Stanford’s Center for Blockchain Research. "SIMBA Chain solves a very big problem: most companies don’t know how to adopt or manage blockchain technology. SIMBA Chain makes that easy and cheap, so it’s a bit like Stripe for the blockchain. Also, by writing on energy-efficient blockchains, SIMBA Chain’s ‘green solution’ responds to concerns that some blockchains contribute to global warming." 

Despite the past year’s economic disruptions, SIMBA Chain has remained laser-focused on unleashing blockchain’s potential for enterprise, government, and education as the first examples of what will certainly be numerous use cases. Over the last 18 months, SIMBA Chain has achieved the following milestones:

  • Grown revenue by 360%.
  • Closed paid programs with Fortune 500 and other multi-billion-dollar organizations to develop secure, immutable, blockchain-based solutions.
  • Secured contracts with more than 30 institutions of higher learning in the United States, United Kingdom and Australia that are using the SIMBA Chain platform in their schools of business and law.
  • Surpassed 6,000 users.
  • Developed a digital marketplace using non-fungible tokens for a major university.

Joining the SIMBA Chain Board of Directors are Steve O’Hara, Valley Capital Partners; Phil Koen, former CEO of Savvis and Intermedia, and former president of Equinix; and Mike Lempres, former EIR at Andreessen Horowitz, and former chief legal and risk officer and Board of Directors member, Coinbase.

Said Neidig, "The entire SIMBA Chain team is elated by this new investment and what it represents. We are grateful to everyone who has recognized our potential, and we look forward to the future."

About SIMBA Chain, Inc.
SIMBA Chain’s cloud-based enterprise platform enables universities, industry, governments, and individual programmers to quickly develop and deploy Web 3.0 distributed applications (dApps) across many blockchain platforms. SIMBA Chain was founded in 2017 through a DARPA grant awarded to the University of Notre Dame and ITAMCO and has received multiple awards, including a 2020 U.S. Small Business Administration Tibbetts Award, TechPoint’s 2019 Mira Award for New Product of the Year, and 1st Source Bank’s 2019 Commercialization Award. SIMBA Chain’s eco-friendly, energy-efficient platform supports Avalanche, Ethereum, Consensys Quorum, Binance Smart Chain, RSK, Stellar, Hyperledger, and other blockchain protocols. Learn more.

Media Contact:

Joel Neidig

Phone: +1 574 914 4446

Email: info@simbachain.com

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Co-founders
Joel Neidig (CEO and Co-founder) and Ian Taylor (CTO and Co-founder)

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SIMBA Chain Team
SIMBA Chain Team

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PR Newswire

HUYA Inc. Announces Management Change

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GUANGZHOU, China, Sept. 4, 2021 — HUYA Inc. (NYSE: HUYA) ("Huya" or the "Company"), a leading game live streaming platform in China, today announced that Ms. Catherine Xiaozheng Liu has tendered her resignation as the Company’s Chief Financial Officer due to personal reasons, effective on September 8, 2021.

The Company greatly appreciates Ms. Liu’s significant contributions to Company’s business, financial management, capital markets transactions and corporate governance, and sincerely wishes her continued success in her future endeavors. Although leaving the Chief Financial Officer position, Ms. Liu will serve as an advisor to Huya to assist with the transition through March 31, 2022.

Concurrently, Ms. Ashley Xin Wu has been promoted to the position of Vice President of Finance. Ms. Wu will assume Ms. Liu’s duties on an acting basis, and will report directly to Mr. Rongjie Dong, Chief Executive Officer of Huya.

Ms. Wu joined Huya in September 2017 and has been a leader of its finance department since then. Prior to joining Huya, she served in various finance positions in JOYY Inc. (Nasdaq: YY) from July 2012 to September 2017. Between October 2011 and July 2012, Ms. Wu worked as a senior financial analyst at Amway (China) Co., Ltd. Prior to that, she worked as an assistant audit manager at KPMG Huazhen from August 2007 to September 2011. Ms. Wu received her bachelor’s degree in accounting from Sun Yat-sen University in 2007. Ms. Wu is a Certified Public Accountant in the United States and a member of the Chinese Institute of Certified Public Accountants.

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China with a large and active game live streaming community. The Company cooperates with e-sports event organizers, as well as major game developers and publishers, and has developed e-sports live streaming as one of the most popular content genres on its platform. The Company has created an engaged, interactive and immersive community for game enthusiasts of China’s young generation. Building on its success in game live streaming, Huya has also extended its content to other entertainment content genres. Huya’s open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company.

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. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("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 Huya’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding such risks is included in Huya’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

The Piacente Group, Inc. 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

Related Links :

http://www.huya.com

PR Newswire

Smaato’s H1 2021 Trend Report Highlights a Publisher Revenue Rally

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Data From Their OTT/CTV Platform and Proprietary Header Bidding Solution Cite Publisher Revenue Gains in H1

SAN FRANCISCO, Sept. 4, 2021 — Omnichannel ad tech platform and ad server Smaato published its H1 2021 Trend Report, celebrating that their publishers have not only recovered from the pandemic, but rallied. 

The report demonstrates ad spend spiked on the platform in 2021 and global eCPMs are up 7.4% YOY. Not only has the industry’s digital adoption trend been reflected on Smaato’s platform, Smaato’s own data also supports the acceleration of OTT/CTV spend, a shift toward header bidding solutions and the importance of contextual targeting in their latest report.

Smaato’s publisher monetization options run the gamut, and with the change in user behavior here to stay, the focus on experiences across channels seems to be paying off.  As one of the only OTT/CTV platforms to offer dynamic ad breaks and bidding by ad pod, ad slot and auction type, Smaato reports higher eCPMs for ad podding, offering more evidence that delivering experiences delivers results.

Alongside Smaato’s built-in Dynamic Ad Insertion (DAI) and Server Side Ad Insertion (SAI) capabilities for OTT, publishers can include platform, genre, series, season, and even episode information in the bid request. 

"Advertisers know what they’re bidding on, and publishers can see which ad pods, which ad slot and even which episode drives the highest revenue," says Smaato General Manager Matthew Deets. "The win-win comes down to personalizing the experience for the end user."

Another highlight in H1 is Smaato’s in-app header bidding solution. Smaato’s Unified Bidding is built into their SDK. The report cites publishers using Unified Bidding outperformed the traditional waterfall. In June of this year alone, Unified Bidding in the Smaato SDK outperformed both Android and iOS SDK integrations for won auctions by up to 10x.

"When you look at the data, it’s clear how a feature-rich platform focused on user experiences makes an impact on the bottom line," says Deets. "Now that Smaato has joined forces with Verve Group, we can only boost our ability to create personalized experiences for users to drive revenue for publishers."

Download Smaato’s H1 Trend report for more of the latest industry trends, insights and data from the Smaato platform. 

Smaato’s digital ad tech platform is the only omnichannel ad server and monetization solution with controls to make monetization simple. Publishers can bring their first-party data and manage all inventory in one place. Marketers get access to the highest-quality inventory so they can reach audiences around the world and on any device. Headquartered in San Francisco, Smaato is part of Verve Group, a Media and Games Invest (MGI) company, with additional offices in Hamburg, New York, Beijing, and Singapore. Learn more at http://www.smaato.com.

Carrie Pittman

marketing@smaato.com

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Spending on the Smaato Digital Ad Tech Platform Rallies in 2021
Indexed Ad Spending on the Smaato Platform Evidence of Publisher Comeback in 2021

PR Newswire

TradeUP Acquisition Corp. Announces the Separate Trading of its Common Stock and Warrants, Commencing September 7, 2021

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NEW YORK, Sept. 3, 2021 — TradeUP Acquisition Corp. (NASDAQ: UPTDU) ("TradeUP Acquisition" or the "Company") announced today that, commencing September 7, 2021, holders of the Units (the "Units") sold in the Company’s initial public offering ("IPO") and the over-allotment of 4,430,000 Units may elect to separately trade the shares of common stock and warrants included in the Units. Any Units not separated will continue to trade on the NASDAQ Capital Market ("NASDAQ") under the symbol "UPTDU". Any underlying common stock and warrants that are separated will trade on the NASDAQ under the symbols "UPTD" and "UPTDW," respectively. No fractional warrants will be issued upon separation of the Units and only whole warrants will trade. Holders of Units will need to have their brokers contact the Company’s transfer agent, VStock Transfer, LLC, in order to separate the holders’ Units into common stock and warrants.

The Units were initially offered by the Company in an underwritten offering. US Tiger Securities, Inc. acted as the lead book running manager in the offering. EF Hutton, division of Benchmark Investments, LLC and R.F. Lafferty & Co., Inc. acted as joint book running managers. R.F. Lafferty & Co., Inc. also acted as a qualified independent underwriter.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission ("SEC") and became effective on July 14, 2021. The offering was made only by means of a prospectus, copies of which may be obtained, when available, 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.

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 TradeUP Acquisition Corp.

TradeUP Acquisition Corp. is a newly organized blank check company incorporated as a Delaware corporation formed 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’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus a search for a target business in the technology industry.

Forward Looking Statements

This press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this press release are forward-looking statements. 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. 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

uCloudlink Cooperates with Singapore EdTech Company JULES to Bring Fail-proof Connection Solution to the Education Sector

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Using HyperConn™, the company provides reliable internet connections to allow students to enjoy uninterrupted learning.

HONG KONG, Sept. 3, 2021 — UCLOUDLINK GROUP INC. (NASDAQ: UCL, "uCloudlink"), a company offering the better connection solution to everyone globally via its innovative technology, has joined forces with JULES Corporation Pte Ltd ("JULES"), a Singapore Social-Enterprise and award-winning global software Education Technology company, in exploring ways to solve the pain point of schools, parents and students to allow young students to stay connected at home by way of its powerful HyperConn™ solution as a demonstration of what is possible for the education sector.

In a recent UNICEF report with International Telecommunication Union (ITU), up to two-thirds of students of the world’s school-age children do not have internet connections. The problem has escalated during the heights of the COVID pandemic when online school is not only an option, but the only choice in many regions for an extended period of time.

"Internet connection became a must-have in this new normal. For online learning, reliable equipment like computers and iPads are not enough, a reliable internet connection is also crucial. Poor internet connections and online congestion will occur from time to time under the circumstance of a network supported by one single operator. uCloudlink’s HyperConn™ solution will make use of all WiFi/5G/4G wireless networks, which enables it to provide a good and uninterrupted network connection," said Chaohui Chen, CEO of uCloudlink. "We believe by widely adopting a flexible, reliable and efficient technology, remote schooling will be significantly improved by delivering students an undisrupted and focused learning experience."

"During the pandemic, we have seen millions of students around the world grappled with bad internet services which severely affected their academic performance. We believe uCloudlink’s HyperConn™ solution, which has brought so much convenience to the frequent travellers and businesspersons who are in need of fast-speed internet unbound by locations and time, will also be an easy and affordable answer to this problem for students, parents and educators alike," said Mr. Jonathan Chan, Founder and CEO of Jules.

uCloudlink’s HyperConn™ ensures an uninterrupted network connection at all times, no matter the environment and conditions. By leveraging AI to determine the most effective network coverage based on a user’s present location, internet usage and performance of all broadband networks available, HyperConn™ ensures that users enjoy the better network connection possible at all times. This dynamic and seamless switching also guarantees the network will never fail regardless of what apps are open, how many people are using the connection, or where a user is.

The COVID-19 pandemic has not only put the potentials of online education but also exposed the flaws the digital learning which is amplified by the over-stretched Wi-Fi or poor internet connections due to online congestion. Using uCloudlink’s HyperConn™ solution, the partnership of uCloudlink and Jules aims to address this challenge, keep teachers and students staying connected amid the pandemic and beyond and free students from the limits of traditional home broadband connection, the unstable internet coverage at public facilities as well as the pain of poor mobile internet while parents and kids are on the go.

About UCLOUDLINK GROUP INC

uCloudlink is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

Contact:

Carina Cheung
carina-pr@ucloudlink.com
(852)21806111

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.