Yearly Archives: 2021

PR Newswire

Made-In-China.Com: Latest technology in China brings Expo experience to life

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NANJING, China, Aug. 7, 2021 — Made-in-China.com, China’s leading comprehensive third-party B2B e-commerce platform, will be holding its largest ever Virtual Sourcing Expo from August 16 to August 27, 2021 via its website and mobile app.

With travel to China still remaining largely impractical, Made-in-China.com is working hard to ensure business continuity for global buyers.

New features at the EXPO have been specially designed to allow visitors to quickly build trustful relationships with suppliers, place instant orders as well communicate in their preferred language. 

Visitors will be able to:

  • Discover and interact with over 3,000 suppliers without travelling to China
  • Enter 8 Multilingual Halls complete with product descriptions and functions in various languages
  • Place instant orders via Online Trading on a range of light industrial products
  • Receive a personalized e-business card to quickly build trustful relationships with suppliers and restore the offline exhibition scene
  • Benefit from free samples, coupons, RTS, 3D Virtual sample showrooms, supplier live streaming and supplier product videos
  • Utilize a tailored matchmaking service for face-to-face multi-lingual video meetings.

During the grand online procurement event, buyers of Made-in-China.com can make purchases either on the platform or directly with suppliers. They will attend hundreds of new product launches, visit factories live and watch out-of-box reviews.

Leading three-dimensional space reconstruction technology in China will take attendee experience to a new level with immersive roaming, self- navigation, scenario-based shopping guides as well as direct merchandise links. A big buyer of Made-in-China.com who has already tried is appraised that "We can rotate the 3D model, magnify the parts of it. It is interesting and high efficient as we always could not get the sufficient details about the product." 

For more information about this event, please call +86-25-6667 7777, or email buyerservice@made-in-china.com.

Link: https://docs.qq.com/sheet/DQnFhY3hQVHhJQkZW?tab=cxlrz4

About Made-in-China.com

Founded in 1998, Made-in-China.com specializes in B2B cross-border trade. It is an integrated service platform committed to tapping business opportunities by providing one-stop full-cycle trade services for its global buyers and Chinese suppliers.

PR Newswire

SmartRent Announces Effectiveness of S-4 Registration Statement

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Special Meeting of Fifth Wall Acquisition Corp. I Stockholders to Approve Business Combination Scheduled for August 23, 2021

Upon Closing, the Combined Company Stock Will Trade on the NYSE Under "SMRT" Ticker Symbol

SCOTTSDALE, Ariz., Aug. 7, 2021 — SmartRent.com, Inc. ("SmartRent" or "the Company"), a leading provider of smart home and smart building automation for propert y owners, managers, developers, homebuilders and residents, today announced that the Securities and Exchange Commission ("SEC") on August 6, 2021 declared effective the Registration Statement on Form S-4 (the "Registration Statement") filed with the SEC in connection with SmartRent’s business combination with Fifth Wall Acquisition Corp. I (NASDAQ: FWAA) ("FWAA"), a publicly-traded special purpose acquisition company.

 

FWAA will hold a special meeting of its stockholders via live webcast at https://www.cstproxy.com/fifthwall/2021 on August 23, 2021 at 9:00 a.m. Eastern Time (the "Special Meeting") for its stockholders of record at the close of business on July 27, 2021 (the "Record Date") to vote on the proposed business combination, among other things. FWAA has also filed with the SEC a definitive proxy statement/prospectus relating to the proposed business combination and will commence mailing of the definitive proxy statement/prospectus to its stockholders of record. The business combination is expected to close shortly after the Special Meeting, subject to stockholder approvals and satisfaction of other customary closing conditions.

"The SmartRent team is thrilled to have crossed a critical threshold in our journey to becoming a publicly-traded company, and look forward to successfully completing the proposed business combination with FWAA," said Lucas Haldeman, CEO of SmartRent. "Our 182 customers, which collectively own approximately 3.5 million units, chose SmartRent’s value-enhancing open-architecture and hardware-agnostic operating system because it reduces the complexities of property management, increases revenue and lowers operating costs for their portfolios, while delivering an elevated experience to residents. The strong demand we are experiencing for our comprehensive smart home solution reinforces our conviction that we have the right product at the right time. Despite a tight labor market, we have been highly successful in attracting experienced engineers, sales people and field operations leaders to deliver our growing backlog."

"SmartRent has tremendous growth potential as a leader in a rapidly growing market with a clear technological edge over competitors. We are excited to present the business combination to FWAA stockholders and look forward to partnering with SmartRent through its next phase of growth," said Brendan Wallace, CEO of Fifth Wall Acquisition Corp. I.

The declaration of effectiveness by the SEC and the filing of the definitive proxy statement is an important step in SmartRent becoming a publicly traded company, with the goal of being listed on the New York Stock Exchange under the symbol "SMRT" at the close of the transaction.

About SmartRent

Founded in 2017, SmartRent is an enterprise smart home and smart building technology platform for property owners, managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. For more information please visit smartrent.com.

About Fifth Wall Acquisition Corp. I

Fifth Wall Acquisition Corp. I is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Important Information for Investors and Stockholders

This document relates to the proposed merger involving Fifth Wall Acquisition Corp. I ("FWAA") and SmartRent.com, Inc. ("SmartRent"). FWAA filed an amended registration statement on Form S-4 (the "Registration Statement") with the Securities and Exchange Commission ("SEC") on July 26, 2021, which included a preliminary proxy statement/prospectus in connection with FWAA’s solicitation for proxies for the vote by FWAA’s shareholders in connection with the proposed transactions and other matters as described in such Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to SmartRent’s shareholders in connection with the completion of the proposed transaction. The definitive proxy statement/prospectus is being mailed to the stockholders of FWAA, seeking any required stockholder approvals. Investors and security holders of FWAA and SmartRent are urged to carefully read the entire definitive proxy statement/prospectus and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. The documents filed by FWAA with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov. Alternatively, these documents, when available, can be obtained free of charge from FWAA upon written request to Fifth Wall Acquisition Corp. I, 6060 Center Drive, 10th Floor, Los Angeles, California 90045.

FWAA, SmartRent and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in favor of the approval of the merger and related matters. Information regarding their interest in the transaction is contained in the Registration Statement and definitive proxy statement/prospectus. Free copies of these documents may be obtained as described in the preceding paragraph.

This document does not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed transaction. This document also does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor will there be any sale of any 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 such other jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, FWAA’s and SmartRent’s expectations or predictions of future financial or business performance or conditions, SmartRent’s product roadmap, including the expected timing of new product releases, SmartRent’s plans to expand its product availability globally, the expected composition of the management team and board of directors following the transaction, the expected use of capital following the transaction, including SmartRent’s ability to accomplish the initiatives outlined above, the expected timing of the closing of the transaction and the expected cash balance of the combined company following the closing. Any forward-looking statements herein are based solely on the expectations or predictions of FWAA or SmartRent and do not express the expectations, predictions or opinions of Fifth Wall in any way. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends" or "continue" or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed in the section of FWAA’s Form S-1 titled "Risk Factors," which was filed with the SEC on February 4, 2021. These risk factors will be important to consider in determining future results and should be reviewed in their entirety. These forward-looking statements are based on FWAA’s or SmartRent’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and neither FWAA nor SmartRent is under any obligation and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports, which FWAA has filed or will file from time to time with the SEC.

In addition to factors previously disclosed in FWAA’s reports filed with the SEC, including FWAA’s most recent reports on Form 8-K and all attachments thereto, which are available, free of charge, at the SEC’s website at www.sec.gov, and those identified elsewhere in this document, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: risks and uncertainties related to the inability of the parties to successfully or timely consummate the merger, including the risk that any required regulatory approvals or stockholder approvals of FWAA or SmartRent are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the merger is not obtained, failure to realize the anticipated benefits of the merger, risks related to SmartRent’s ability to execute on its business strategy, attract and retain users, develop new offerings, enhance existing offerings, compete effectively, and manage growth and costs, the duration and global impact of COVID-19, the possibility that FWAA or SmartRent may be adversely affected by other economic, business and/or competitive factors, the number of redemption requests made by FWAA’s public stockholders, the ability of SmartRent and the combined company to leverage Fifth Wall’s limited partner and other commercial relationships to grow SmartRent’s customer base (which is not the subject of any legally binding obligation on the part of Fifth Wall or any of its partners or representatives), the ability of SmartRent and the combined company to leverage its relationship with any other SmartRent investor (including investors in the proposed PIPE transaction) to grow SmartRent’s customer base, the ability of the combined company to meet Nasdaq’s listing standards (or the standards of any other securities exchange on which securities of the public entity are listed) following the merger, the inability to complete the private placement of common stock of FWAA to certain institutional accredited investors, the risk that the announcement and consummation of the transaction disrupts SmartRent’s current plans and operations, costs related to the transaction, changes in applicable laws or regulations, the outcome of any legal proceedings that may be instituted against FWAA, SmartRent, or any of their respective directors or officers, following the announcement of the transaction, the ability of FWAA or the combined company to issue equity or equity-linked securities in connection with the proposed merger or in the future, the failure to realize anticipated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions and purchase price and other adjustments; and those factors discussed in documents of FWAA filed, or to be filed, with the SEC.

Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in FWAA’s most recent reports on Form 8-K, which are available, free of charge, at the SEC’s website at www.sec.gov, and will also be provided in FWAA’s proxy statement/prospectus, when available. Any financial projections in this document are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond FWAA’s and SmartRent’s control. While all projections are necessarily speculative, FWAA and SmartRent believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation. The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections. The inclusion of projections in this document should not be regarded as an indication that FWAA and SmartRent, or their representatives, considered or consider the projections to be a reliable prediction of future events.

Annualized, pro forma, projected and estimated numbers (including projected revenue derived from committed units) are used for illustrative purposes only, are not forecasts, and may not reflect actual results. Presentation of historical 0% customer churn (which occurs when an existing customer removes SmartRent installed units) is illustrative only, and is not intended to be predictive of future churn, particularly as business continues to grow. When used herein, the term "committed units" includes both (i) units that are subject to binding purchase orders from customers and (ii) units that existing customers who are parties to a SmartRent master services agreement have informed SmartRent that they intend to order.

This document is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in FWAA and is not intended to form the basis of an investment decision in FWAA. All subsequent written and oral forward-looking statements concerning FWAA and SmartRent, the proposed transaction, or other matters and attributable to FWAA and SmartRent or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

Related Links :

http://smartrent.com

PR Newswire

Macronix and Foxconn Sign Asset Transaction Agreement for 6-inch Wafer Fab

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HSINCHU, Aug. 6, 2021 — Macronix International Co., Ltd. ("Macronix") (TWSE: 2337), a leading integrated device designer and manufacturer in Non-Volatile Memory (NVM), and Hon Hai Technology Group ("Foxconn") (TWSE: 2317), the world’s largest electronics manufacturer and service provider, today announced the signing of an Asset Transaction Agreement for the sales of Macronix’s 6-inch wafer fab and equipment in Hsinchu Science Park to Foxconn for NT$2.52 billion. The transaction is expected to be closed by the end of 2021.

The Asset Transaction Agreement was signed by Dr. Chih-Yuan Lu, President of Macronix, and Dr. Bob Wei-Ming Chen, President of Foxconn Semiconductor Business Group ("S Business Group"). The momentous event was also witnessed by Mr. Miin Wu, Chairman and CEO of Macronix, and Mr. Young Liu, Chairman and CEO of Foxconn. Not only does the transaction reflect Foxconn’s commitment to the long-term "3+3" (industry and technology) company vision but it also signifies a deeper commercial collaboration between Macronix and Foxconn.

"The acquisition of the 6-inch wafer fab in Hsinchu Science Park officially signals Foxconn’s entry into the manufacture and development of wide band gap semiconductors, especially SiC, paving the way for a long-term commitment to semiconductor development. The manufacturing of SiC is in line with Foxconn’s 3+3 strategy (EV, digital health, Robotics + AI, semiconductor, advanced communication). SiC MOSFET is an important device for EV, while EV occupies the No.1 position in Foxconn’s 3+3 strategy. The 6-inch wafer fab will function as S Business Group’s headquarters in Hsinchu, the world famous semiconductor cluster, enabling closer partnership with the semiconductor companies based in the Hsinchu Science Park", said Mr. Young Liu, Chairman and CEO of Foxconn.

"To enhance advanced technology and global competitiveness, Macronix will focus on 12-inch wafer business, especially R&D and manufacturing of the advanced 3D NAND Flash and NOR Flash products after capacity expansion. Macronix is pleased to see the subject 6-inch wafer fab continue to make its contribution to Taiwan as Foxconn commits to have the fab be used as an important base for Foxconn to reinforce its semiconductor development plan and to meet the demand of electric vehicles. Considering that Macronix is advancing to take the lead in the global automotive electronics market, a closer collaboration between Macronix and Foxconn in the near future may be anticipated", said Mr. Miin Wu, Chairman and CEO of Macronix.

The interim Board meeting was held by Macronix and Foxconn respectively this morning to approve the above transaction, and the contract signing ceremony was held shortly at the subject 6-inch wafer fab. The subject 6-inch wafer fab, located in Hsinchu Science Park with completed industrial supply chain. In addition to manufacture SiC Power MOSFET, Foxconn confirmed that it will also manufacture silicon wafer products, such as MEMS, in order to achieve Foxconn’s strategic goals on development of semiconductors industry, electric vehicles, and digital health.

About Macronix

Macronix, a leading integrated device manufacturer in the non-volatile memory (NVM) market, provides a full range of NOR Flash, NAND Flash, and ROM products. With its world-class R&D and manufacturing capability, Macronix continues to deliver high-quality, innovative and performance-driven products to its customers in the consumer, communication, computing, automotive, networking and other market segments.

Find out more at www.macronix.com

About Hon Hai Technology Group

Established in Taiwan in 1974, Hon Hai Precision Industry Co., Ltd. ("Foxconn Technology Group") (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. To learn more, visit: www.honhai.com

Related Links :

https://www.macronix.com

PR Newswire

HotPlay announces the completion of a merger with Monaker Group as it begins trading on NASDAQ under the name “NextPlay” (NXTP)

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BANGKOK, Aug. 6, 2021 — HotPlay has finalized it’s listing on the NASDAQ stock market, one of the largest stock exchanges in the United States based on market capitalization, under the new name "NextPlay Technologies Inc." This change was effective June 30th 2021.

HotPlay announces the completion of a merger with Monaker Group as it begins trading on NASDAQ under the name “NextPlay” (NXTP)
HotPlay announces the completion of a merger with Monaker Group as it begins trading on NASDAQ under the name “NextPlay” (NXTP)

After HotPlay has completed a merger with a NASDAQ-listed company, Monaker Group, the company’s name will be changed to NextPlay Technologies Inc. The Company’s stock will be traded on NASDAQ under the ticker symbol "NXTP", having Nithinan Boonyawattanapisut as the new CEO. This will make Nithinan the first female executive in Thailand to be chief executive officer of a NASDAQ-listed company.

HotPlay is an in-game advertising (IGA) platform provider driven by AI-powered advertising technology and online-to-offline couponing solutions with a hyper-local insertion capability. By successfully listing on NASDAQ, HotPlay marks a historical milestone for the Thai startup community as it became the first Thai startup to be listed on the world’s leading technology-heavy stock market.

NextPlay is confident that this acquisition will further expand it’s growing digital ecosystem that now includes AI-powered AdTech, Digital Connected TV (with a reach to more than 50 million end-users), travel, gaming, FinTech and cryptocurrency banking. Unlike any other solution available in the market today, NextPlay leverages it’s powerful digital platform to connect companies and brands with consumers across multiple interactive media channels including SmartTVs, PCs, laptops, tablets, and smartphones.

Nithinan Boonyawattanapisut, CEO of NextPlay, commented that, "This transformative combination brings together Hotplay and Monaker’s recently acquired media and fintech platforms. This integration provides us with more refined and specific information about user demographics through the overlay of geographic information about their neighborhood, subscription choices and spending patterns. All these help us to identify who should be served with which ads more accurately. We believe we are now able to make several game-changing moves to create tremendous synergies across our digital platforms and take advantage of the vast opportunities for the growth and expansion we see ahead of us." She also reiterated that this achievement can be seen as one of the important jigsaws that will help the Company to complete the puzzle in regard to it’s international expansion strategy.

The Company’s stock has already begun trading on NASDAQ under the ticker symbol "NXTP" since July 9, 2021. Please visit the Company’s new website at www.nextplaytechnologies.com for more information. 

Related Links :

http://www.nextplaytechnologies.com

PR Newswire

AP Memory Joins the OpenCAPI Consortium

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HSINCHU, Aug. 6, 2021 — AP Memory Technology Corporation (AP Memory, TWSE: 6531), a leading provider of innovative DRAM and IP products for low-power IoT devices and high-performance computing systems, announced today that the company had joined the OpenCAPI Consortium, an open development community based on the Coherent Accelerator Processor Interface.  

AP Memory joins this growing roster of technology organization and works collaboratively to drive innovations in high-performance computing applications. Through the Consortium, members are developing on top of OpenCAPI, a high-performance coherent bus standard designed to help the industry to meet growing demands for advanced data center server, memory, accelerators, networking and storage technologies. With the OpenCAPI Memory Interface (OMI) specification, developers can enable high bandwidth data movement between memory and various hardware accelerators like FPGAs, GPUs, and ASICs to perform data-centric functions more efficiently than traditional systems.

AP Memory’s Very High-bandwidth Memory (VHMTM) technology aims to realize unprecedented high memory bandwidth at low energy per bit in advanced 3D ICs. The custom VHMCubeTM products fulfill the demanding request from AI and networking SoCs for the high-bandwidth and high-density near memory.

"Because memory bandwidth has been a critical challenge to advance hardware acceleration, the integration of our VHMTM technology and OMI bus will present a promising path to demonstrate competitive system performance for high-performance computing applications," said Chris Liu, Vice President and General Manager of AI Business Unit of AP Memory. "We are pleased to join OpenCAPI Consortium as a Contributor Level Member, working collaboratively with other industry leaders on developing innovative solutions to accelerate near-memory computing."

"The OpenCAPI Consortium is excited to welcome AP Memory," said Myron Slota, President of OpenCAPI Consortium. "Open Memory Interface, a subset of OpenCAPI technology, caters to solutions that rely heavily on near memory." To learn more about OpenCAPI and to view the complete list of current members, go to www.opencapi.org.  

About AP Memory Technology Corporation
AP Memory is a fabless DRAM and IP product company. As a world leader in Pseudo-SRAM, AP Memory delivers reliable solutions of low-pin-count ultra-low-power IoT RAM and high-performance derivative products. AP Memory is also the world-leading company in AI memory solutions, particularly for 3D IC. The headquarters is based in Hsinchu, Taiwan, with R&D centers in the US, Mainland China, Taiwan, and sales offices worldwide. For more information, please visit www.apmemory.com.

 

PR Newswire

Tolly Verifies Huawei’s CloudCampus Solution Leads the Industry in Five Critical Campus Network Capabilities

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NANJING, China, Aug. 6, 2021 — The Tolly Group, a world-renowned independent testing lab, recently released the comparative testing results of campus network solutions from leading vendors. The findings show that Huawei’s CloudCampus Solution leads the industry in five critical campus network capabilities: solution architecture, automated network management, intelligent Operations and Maintenance (O&M) and experience assurance, network security, and openness.

Intelligently connecting all things and migrating services to the clouds are two megatrends experienced by campus networks amid the ongoing enterprise digital transformation. Today’s enterprise CIOs and network managers struggle to ensure user and application experience in the face of ever-changing services.

Against this backdrop, Tolly designed 61 test cases, 27 of which are new, by following the principle of building an experience-centric campus network and revolving around the full network O&M lifecycle, from planning and construction all the way to maintenance and optimization. Under the same test environment, Tolly engineers strictly and comprehensively tested Huawei’s CloudCampus Solution and a comparable solution from another industry-leading vendor.

The test results verify that Huawei’s Cloud Campus Solution outperforms the counterpart by offering simpler architecture, higher level of automation, more intelligent O&M, stronger network-security convergence, and better openness for easy interoperability with third-party vendor offerings. With advantages in these five critical capabilities, Huawei’s CloudCampus Solution can help enterprises slash IT O&M time and investment. It can also assist enterprises to build user-centric networks for reduced user complaints, improved network stability and reliability, lowered O&M costs, and enhanced operational efficiency.

Kevin Tolly, Founder and CEO of the Tolly Group, said: "According to our comprehensive testing, we are impressed by the compelling features of Huawei’s CloudCampus Solution, such as one-stop management architecture, full-lifecycle automated management, and intelligent O&M. We believe that the Huawei solution will empower enterprises to seize new opportunities arising from digital transformation in the cloud era."

"We are thrilled that Tolly has conducted independent and rigorous testing on Huawei’s CloudCampus Solution. The Tolly test report is of great help for customers of all types and sizes to better understand Huawei’s CloudCampus Solution," said Li Xing, President of the Campus Network Domain, Huawei’s Data Communication Product Line. "Looking ahead, we will continue to follow our ‘fully wireless networking, one global network, cloud management, and intelligent O&M’ philosophy and provide customers and partners with the most advanced campus network products and solutions."

For more information, please download the full Tolly report at https://e.huawei.com/en/material/networking/campus-network/eca05e2f7a754b75b568fedbe5b64143.

To learn more about Huawei’s CloudCampus Solution, visit: https://e.huawei.com/en/solutions/business-needs/enterprise-network/campus-network.

Related Links :

http://www.huawei.com/cn

PR Newswire

Oraichain X Imba Games Studio – Traditional Gaming To Meet Advanced AI Blockchain Technology

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SINGAPORE, Aug. 6, 2021 — Oraichain, the world’s first AI-powered data oracle and ecosystem for blockchains, has announced a new strategic partnership with Imba Games Studio, a leading game development studio with over 14 million customers.

Oraichain x Imba brings a new simulation game Kawaii Islands to life with advanced blockchain and innovative AI technologies. Available this August.
Oraichain x Imba brings a new simulation game Kawaii Islands to life with advanced blockchain and innovative AI technologies. Available this August.

 

This incredible partnership marks Imba’s venture into crypto space and Oraichain’s first step to delivering its advanced technology to the world of GameFi – the gamification of financial mechanisms, including the emerging play-to-earn concept. Imba has been in the game industry for over 6 years and has produced several premium and enjoyable games that serve a wide variety of customers. Their most famous Kawaii series including Kawaii Home Design, Kawaii Mansion, and Kawaii Puzzle has more than 12M downloads on Google Play and App Store.

Imba will be the first game development studio to rely on innovative Blockchain and on-chain AI technologies that Oraichain provides to assist their players with a more dynamic and advanced gaming model and increased transparency of game assets. A new simulation game, Kawaii Islands, will come to life out of this collaboration, promisingly embracing all the companies’ high-quality and cutting-edge features.

An exclusive NFT Marketplace for Kawaii Islands game assets will be on aiRight, a complete system for AI x NFT x DeFi powered by Oraichain. 

Facilitating GameFi as an oracle, Oraichain provides Imba and future partners a complete set of AI Oracle features that enrich gaming experience, such as: 

  • Verifiable random function (VRF): securing and verifying issuance of rare items or determination of rarity rates.
  • NFT issuance and verification: minting and verifying NFTs for game assets with AI-based watermarking as origin proof.
  • AI price feeds: updating real-time price and exchange rates for cryptocurrencies and NFTs.
  • AI-based features: customizing AI models to enhance gaming experiences such as profile and character creation and strategy recommendation.

Oraichain also acts as an L1 blockchain with high transaction throughput and low transaction fees and helps bridge assets to Ethereum, BSC, Cosmos-based, and Substrate-based networks.

"Oraichain’s advancements in on-chain AI and blockchain have created a perfect environment for GameFi. The potential is unbounded," said Oraichain CEO, Dr. Chung Dao, who will also be a strategic advisor of Kawaii Islands.

Available soon on Kawaii Global, Google Play, and App Store. 

Oraichain: Website | GitHub | Twitter | Telegram | Medium  | aiRight  | yAI.Finance

Imba Games Studio: Website | Twitter | Youtube | Instagram | Discord 

Oraichain
contact@orai.io
+84-355-759-686

 

Related Links :

https://orai.io/

PR Newswire

Through its Smart Safety Management Platform, GSIL Promotes Joint Technology Commercialization with Top-tier Korean Construction Companies

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SEOUL, South Korea, Aug. 6, 2021 — GSIL, founded in 2013 as specialized company in smart safety management, is increasing its market share in the industrial safety market through active collaboration with top-tier Korean construction companies. GSIL, a member of Born2Global Centre, has recently been recognized for its technological prowess in Korea’s construction industry after entering into contracts with the Korea Land and Housing Corporation and Samsung Engineering to establish a smart safety management platform for construction sites, and signing MOUs for joint technology commercialization.

GSIL, Korea Land Housing Corporation, and Samsung Engineering CI
GSIL, Korea Land Housing Corporation, and Samsung Engineering CI

In the first stage of its market expansion GSIL will supply a smart safety management platform to construction sites of the Korea Land and Housing Corporation (LH).

During the first year, the company will install a smart safety management platform in LH pilot sites and then expand to all LH construction sites. GSIL will build a platform operation server that can support the operations of the general and regional headquarters, and construction sites, while strengthening safety control systems that monitor smart safety equipment, and worker safety in hazardous areas, and equipment training management in real time.

GSIL, together with Samsung Engineering, has also promoted the joint commercialization of a SaaS-based smart safety management platform that will quickly enter the smart safety management market.

In the division of effort between the two companies, GSIL is responsible for planning and development of an overall smart safety management platform, while Samsung Engineering’s focus is on investment for the development of the smart safety management platform, market development, and safety standards that are in line global standards.

The smart safety management platform is a mobile-based SaaS-type system that enables safety management across all work stages. Using mobile devices, workers generate and manage safety management data from work processes that must be performed daily.

Through a TBM (Tool Box Meeting) platform, workers can recognize and proactively respond to potentially dangerous situations in the workplace.

GSIL has provided its IoT smart safety systems to construction and industrial sites; the company has been recognized for its technological prowess in related industries, and expects its growth to continue. For the first time as a startup, GSIL acquired New Excellent Technology (NET) No. 828, which is a technology certification related to construction, from the Ministry of Land, Infrastructure and Transport and NET No.2019-5, which is a technology certification related to disaster prevention, from the Ministry of Public Administration and Security. As such, the company was recognized for its technology excellence and field applicability.

Meanwhile, GSIL is building and operating its smart safety system at construction sites of the Gangwon Headquarters of the Korea National Railway and Korea Midland Power. In addition, the company is discussing system application and collaboration plans for Kuwait Motor Town, South Saad Al-Abdullah Smart City, the Los Angeles Metro construction project in the US, Long Son Petrochemical and AISTV in Vietnam, and a power plant in Indonesia.

For more detailed information on GSIL, visit http://www.gsil.net/.

Media contact
GSIL: jane@gsil.kr
Born2Global Centre: jlee@born2global.com

PR Newswire

LAIX Inc. Announces Formation of Special Committee

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SHANGHAI, Aug. 6, 2021 — LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced that its board of directors (the "Board") has formed a special committee (the "Special Committee") consisting of two independent directors, Dr. Li-Lan Cheng, who will serve as the chairman of the Special Committee, and Ms. Min (Jenny) Zhang, to evaluate and consider the previously announced preliminary non-binding proposal letter dated August 4, 2021 (the "Proposal").

The Board cautions the Company’s shareholders and others considering trading the Company’s securities that no decisions have been made with respect to the Proposal. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal, or that the transaction contemplated by the Proposal or any other similar transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.

About LAIX Inc.

LAIX Inc. ("LAIX" or the "Company") is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning. Its proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. LAIX believes its innovative approach fundamentally transforms learning. LAIX provides its products and services on demand via its mobile apps, primarily its flagship "English Liulishuo" mobile app launched in 2013. On the Company’s platform, AI technologies are seamlessly integrated with diverse learning content incorporating well-established language learning pedagogies, gamified features and strong social elements to deliver an engaging, adaptive learning experience. LAIX provides a variety of courses inspired by a broad range of topics and culture themes to make English learning more interesting and is committed to offering a fun, interactive learning environment to motivate and engage its users.

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

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," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue" or other similar expressions. LAIX may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, 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 but not limited to statements about LAIX’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a variety of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: LAIX’s goals and strategies; LAIX’s future business development, results of operations and financial condition; the expected growth of the education market; LAIX’s ability to monetize the user base; fluctuations in general economic and business conditions in China; the potential impact of the COVID-19 to LAIX’s business operations; PRC governmental policies, laws and regulations relating to the Company’s industry and the economy in China and elsewhere generally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

LAIX Inc.
Jiazhuo Zheng
Investor Relations
E-mail: ir@laix.com

The Piacente Group Investor Relations
Brandi Piacente
Tel: +1-212-481-2050
E-mail: liulishuo@tpg-ir.com

Emilie Wu
Tel: +86-21-6039-8363
E-mail: liulishuo@tpg-ir.com

Related Links :

http://www.liulishuo.com

Editorial, Lifestyle, News, Podcast

Tech & Tonic S02 Episode 22 Streaming vs Blockbuster Releases

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This week in Tech & Tonic Podcast we covered a few things. That was also because there was major launch that went a little under the radar last week. HUAWEI launched their new HUAWEI P50 flagship and surprisingly it comes with a Qualcomm Snapdragon chip within its newly designed body.

It was also such a quiet launch that plenty of news outlet did not really pick up the event or talk about the device in-depth. On that note though, the device looks to be a subtle update from the HUAWEI P40 series too and is set to be only available in China for now, maybe that is why no one picked it up. If it is just a minor update to the P40 series with Harmony OS 2.0 in tow though, what took them so long to release the highly anticipated device?

At the same time, AMD launched a new GPU at the lower end of the power spectrum. They released the AMD Radeon RX 6600 XT GPU. They will not be making the card on their own though, rather the GPU will only be available from its board partners. It is not exactly cheap either, despite its more budget friendly pricing over its higher-end siblings. So why would they do that?

Scarlett Johansson got Disney into a pickle last week. She filed a lawsuit against the entertainment giant for breach of contract over the launch and release of Black Widow in theatres and Disney+ Premiere a week or so ago. According to the lawsuit, the actress’ contract was not renegotiated for release on Disney’s own streaming platform.

This brings us back to the question we had when Disney+ was coming to Malaysia; are we paying too much for streaming services? With Disney+ Premiere, we could easily be paying even more for the latest movies and blockbusters. But the lawsuit also puts a lot of things into perspective for us enjoying these services because it also happened to platforms like Spotify.

We started thinking about how are the actor’s pay managed by the streaming services. At the same time, we are already paying for multiple streaming services at this time because they all offer different exclusives. How much is too much for these exclusive contents though? Would it make sense for us to go back to cable TV in this case? Maybe, maybe not, but we discuss all this in today’s episode of Tech & Tonic Podcast.