Roan Holdings Group Co., Ltd. Reports 2021 Financial Year Results

BEIJING and HANGZHOU, China, April 23, 2022 /PRNewswire/ — Roan Holdings Group Co., Ltd. (“Roan” or the “Company”) (OTC Pink Sheets: RAHGF and RONWF), a comprehensive solution provider for industrial operation and capital market services, today reported its financial results for the fiscal year ended December 31, 2021. All amounts are in U.S. dollars.

Fiscal year 2021 Highlights:

  • Net income increased to $0.76 million for the year ended December 31, 2021 from a net loss of $0.85 million for the year ended December 31, 2020.
  • Net earnings per share increased to $0.01 for the year ended December 31, 2021 from a net loss per share of $0.07 for the year ended December 31, 2020.
  • Net commission and fees on financial guarantee services was $0.40 million for the year ended December 31, 2021, as compared to $0.29 million for fiscal year 2020, reflecting an increase of 37.93% for business development.
  • Operating expenses in total decreased by $0.81 million, to $3.30 million for year ended December 31, 2021 compared to $4.11 million for the year ended December 31, 2020. The decreases were primarily the result of the Company’s cost control strategies.

For fiscal years ended December 31

($ millions, except per share data, differences
due to rounding)

2021

2020


Change

Net revenues of services

$0.79

$2.13

(62.91%)

Net commission and fees on financial guarantee
services

$0.40

$0.29

37.93%

Total interest and fees income

$2.41

$2.48

(2.82%)

Operating income

$3.61

$4.90

(26.33%)

Net income

$0.76

($0.85)

N/A

Net earnings per share – Basic and Diluted

$0.01

($0.07)

N/A

Mr. Junfeng Wang, Chairman of the Board commented, “We are pleased to conclude fiscal year 2021 with sound financial performance. Although the external environment is full of challenges, through our service and extensive cooperation experience and resources accumulated over the past 10 years and with more than 500 customers and partners in various industries, the Company further optimized its strategic planning and business layout in 2021, and is in process of reforming operation structure, optimization of management team, integration of market resources, establishment of new business entities, and upgrading of our business services and products to meet Roan’s future development needs. As a result, the Company not only achieved substantial improvement in financial performance in 2021, but also turned from a net loss of $0.85 million in fiscal year 2020 to a net profit of $0.76 million in fiscal year 2021. At the same time, Roan has successfully expanded its business into the field of new energy, new materials, and semiconductor related industries, and we obtained our first $0.14 million industrial operation service fee income.”

“In the future, through our strategic business layout in industrial operation and capital market services, the Company plans to obtain long-term operation rights for new-generation technologies, products, and services in the fields of new energy, new materials, semiconductors, culture, tourism, and health so as to position ourselves to generate income from our services and products in order to share further the upward trend of these industries,” Mr Wang said.

Mr. Wenhao Wang, Chief Financial Officer of Roan, commented: “In 2021, in line with our expectations, we became profitable, turning around from last year’s losses. We grew our annual net income by $1.61 million to $0.76 million. We boosted our business development by upgrading our business ecosystem, and we applied cost-efficient strategies that helped us save $0.81 million in operating expenses for the past year. We also have a positive working capital balance of $51.94 million as of December 31, 2021, which makes us believe that the efforts we put in place and the strategic development we are taking will bring us significant improvements to profitability, creating long-term value for our shareholders.”

Fiscal Year 2021 Financial Results

Services Revenues

The following table sets forth a breakdown of our revenue by services offered for the years ended December 31, 2021 and 2020:

($ millions, differences due to rounding) 

For the years
ended December
31,

Variance

2021

2020

Amount

%

Management and assessment service

$

0.44

$

0.02

$

0.42

2100%

Consulting services relating to debt collection

0.21

2.11

(1.90)

(90.05)%

Industrial operation services

0.14

0.14

100.00%

Revenues from services

$

0.79

$

2.13

$

(1.34)

(62.91)%

  • Management and assessment services

Revenue from management and assessment services was $0.44 million ended December 31, 2021, which was increased 0.42 million or 2100% compared with $0.02 million for the year ended December 31, 2020. The increase was caused by the new contracts of management and assessment services brought significant revenue and cashflow to the Company.

  • Consulting services relating to debt collection

Revenue from consulting services relating to debt collection was $0.21 million for the year ended December 31, 2021, a decrease of $1.90 million, or 90.05%, as compared to $2.11 million for the year ended December 31, 2020, which was mainly due to the negative impact of the COVID pandemic. We had less contracts for debt collection service during the year ended December 31, 2021.

  • Industrial operation services

On December 31, 2021, Hangzhou Zeshi investment partnership (“Zeshi investment”), a wholly-owned subsidiary of the Company, entered into an agreement with ZhongTan Future New Energy Industry Development (Zhejiang) Co., Ltd. (“ZhongTan”). Revenue of $0.14 million was recognized during the year ended December 31, 2021 after the target customer was located, due diligence and initial negotiation was completed, and requirements of ZhongTan were met.

Revenue for commission and fees on financial guarantee services
Commission and fees on financial guarantee services was $0.46 million for the year ended December 31, 2021, an increase of $0.08 million, or 21.05% as compared to $0.38 million for fiscal year 2020, reflecting an increase for business development.
The provisions for financial guarantee services are related to financial guarantee service business as per the requirement of local government. Provisions for financial guarantee services was $0.06 million for the year ended December 31, 2021, as compared to $0.09 million for last fiscal year.

Interest and fee income
Interest and fee income primarily consisted of interest and fee income generated from loans due from third parties. Interest and fee income was $2.41 million, a decrease of $0.07 million, or 2.82% for the year ended December 31, 2021 as compared to $2.48 million for fiscal year 2020. The decrease was mainly due to a decrease of $0.02 million in interest income from loans due from third parties and a decrease of $0.05 million in interest income on provision deposits with banks.

Operating expenses
Operating expenses in total decreased by $0.81 million, or 19.70% to $3.30 million for year ended December 31, 2021 compared to $4.11 million for the year ended December 31, 2020. The decreases in these expenses were primarily the result of our cost control strategies.  

Net income
As a result of the foregoing, we had a net income of $0.76 million for the year ended December 31, 2021, as compared to a net loss of $0.85 million for the year ended December 31, 2020

Cash and cash equivalents
Cash and cash equivalents were $1.95 million as of December 31, 2021, reflecting a decrease of $2.98 million from $4.93 million as at December 31, 2020, primarily because of the repayment of bank loan of $2.94 million during the year ended December 31, 2021.

Working capital
Our working capital was $51.94 million as of December 31, 2021.

Recent developments

On February 28, 2022, the Company signed a five-year industrial operation cooperation agreement with Jiushang (Hangzhou) Semiconductor Technology Co., Ltd. (“Jiushang”). The Company will provide Jiushang with financing and operation services, and cooperate in the transformation and industrialization of Jiushang semiconductor’s new technological achievements in the Chinese market.

On December 16, 2021, Hangzhou Zeshi invested RMB 2 million (approximately $0.31 million) in Medium Carbon Future New Energy Industry Development (Zhejiang) Co., Ltd. (“Medium Carbon”), and held 2% its equity. Future New Energy invested RMB 20 million (approximately $3.10 million) and held 20% its equity. The registered capital of Medium Carbon is RMB 100 million (approximately $15.49 million).

On November 24, 2021, Hangzhou Zeshi, a wholly owned subsidiary of the Company invested RMB100,000 (approximately $0.02 million) in Hangzhou Future New Energy Enterprise Management Partnership (Limited Partnership) (“Future New Energy”) and held 1% of the equity of Future New Energy. The registered capital of Future New Energy is RMB 10 million (approximately $1.55 million).

About Roan Holdings Group Co., Ltd.

Founded in 2009, Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF and RONWF) is a comprehensive solution provider for industrial operation and capital market services. Adhering to the platform strategy of “cross collaboration, technology empowerment, sustainability and stability, and combination of operation and finance resources”, the Company’s services focus on the  new energy, new materials, and semiconductor industries. At the same time, the Company focuses on the application of innovative technologies in the consumer industry with respect to financial consumption, cultural and tourism consumption, and great health ecosysystem. Roan aims to provide comprehensive solutions and supporting services for diversified institutuional and local government clients across the entire industry chain. Roan has offices in Hangzhou and Beijing and subsidiaries in Hangzhou, Ningbo, Shaoxing and Tianjin. For more information, please visit: www.roanholdingsgroup.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among others, the consummation of the proposed transaction, and can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations of the consummation of the proposed transaction, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Further information regarding these and other risks, uncertainties or factors are included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

IR Contact:
At the Company:
Katrina Wu
Email: xiaoqing.wu@roanholdingsgroup.com
Phone: +86-571-8662 1775

Investor Relations Firm:
Janice Wang
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1 571-464-9470 (from U.S.)
+86 13811768559 (from China)

ROAN HOLDINGS GROUP CO., LTD.

CONSOLIDATED BALANCE SHEETS

As of December 31, 2021 and 2020

(Expressed in U.S. dollar, except for the number of shares)

December 31,
2021

December 31,
2020

  ASSETS

Cash and cash equivalents

$

1,947,142

$

4,932,048

Restricted cash

29,693,689

25,875,556

Accounts receivable, net

6,929,529

6,939,352

Inventories

33,598

30,348

Loan receivables due from third parties, net

23,751,471

17,670,652

Due from related parties

5,941

94,023

Other current assets

70,910

3,502,550

Other receivables, net

656,835

3,545,753

   Total current assets

63,089,115

62,590,282

Pledged deposits

48,752

462,835

Property and equipment, net

77,073

65,073

Intangible assets, net

3,123,394

3,977,867

Right of use assets

37,313

346,017

Goodwill

267,331

261,087

   Total non-current assets

3,553,863

5,112,879

   Total Assets

$

66,642,978

$

67,703,161

LIABILITIES

Customer pledged deposits

$

7,846

$

7,664

Unearned income

72,523

130,772

Reserve for financial guarantee losses

651,341

579,364

Dividends payable

480,000

480,000

Tax payable

2,614,257

1,767,214

Due to related parties

123,117

281,369

Warrant liabilities

16,998

13,977

Operating lease liabilities, current portion

65,498

191,643

Accrued expenses and other liabilities

1,155,903

1,642,060

Bank loans

5,961,460

8,826,054

Total current liabilities

11,148,943

13,920,117

Operating lease liabilities, noncurrent portion

102,767

Deferred tax liabilities

544,355

793,848

Total non-current Liabilities

544,355

896,615

Total Liabilities

$

11,693,298

$

14,816,732

Commitments and Contingencies

Shareholders’ Equity

Ordinary Share, no par value, unlimited shares authorized; 25,287,851 and
   25,287,851 shares issued and outstanding as of December 31, 2021 and December 
   31, 2020, respectively

Class A convertible preferred shares, no par value, unlimited shares authorized; 
   715,000 and 715,000 shares issued and outstanding as of December 31, 2021 and
   December 31, 2020, respectively

$

11,711,727

$

11,025,327

Class B convertible preferred shares, no par value, unlimited shares authorized; 
   291,795,150 and 291,795,150 shares issued and outstanding as of December 31, 2021 and 
   December 31, 2020, respectively

31,087,732

31,087,732

Additional paid-in capital

3,312,189

3,312,189

Statutory reserve

362,797

202,592

Accumulated deficit

(14,805,802)

(14,330,288)

Accumulated other comprehensive income

3,128,086

2,310,369

Total Roan Holdings Group Co., Ltd.’s Shareholders’ Equity

$

34,796,729

$

33,607,921

Noncontrolling interests

20,152,951

19,278,508

Total Equity

54,949,680

52,886,429

Total Liabilities and Equity

$

66,642,978

$

67,703,161

ROAN HOLDINGS GROUP CO., LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Years Ended December 31, 2021, 2020 and 2019

(Expressed in U.S. dollar, except for the number of shares)

For the Years Ended
December 31,

2021

2020

2019

Revenues from services

$

793,291

$

2,128,153

$

639,220

Revenues from healthcare service packages

55,301

Cost of revenues

(50,774)

(8,080)

Net revenues of services

793,291

2,132,680

631,140

Commissions and fees on financial guarantee services

456,944

375,471

8,797

Provision for financial guarantee services

(57,417)

(89,865)

(5,008)

Commission and fee income on guarantee services, net

399,527

285,606

3,789

Interest and fees income

Interest and fees on direct loans

1,153

Interest income on loans due from third parties

2,113,918

2,131,447

34,707

Interest income from factoring business

2,782,332

Interest income on deposits with banks

300,749

348,389

64,636

Total interest and fee income

2,414,667

2,479,836

2,882,828

Interest expense

Interest expenses and fees on secured loans

(2,218,815)

Net interest income

2,414,667

2,479,836

664,013

Provision for loan losses

(2,244,601)

Net interest income (loss) after provision for loan losses

2,414,667

2,479,836

(1,580,588)

Operating income (loss)

3,607,485

4,898,122

(945,659)

Total operating expenses

Salaries and employee surcharges

(1,054,509)

(1,116,482)

(512,314)

Other operating expenses

(2,241,069)

(2,995,098)

(1,385,259)

Changes in fair value of warrant liabilities

(3,021)

5,961

530,863

Total operating expenses

(3,298,599)

(4,105,619)

(1,366,710)

Other income (expenses)

Deconsolidation gain (loss)

490,283

(1,953,248)

Interest income (expenses), net

(267,184)

Other income (expense), net

554,167

76,406

Total other income (expenses)

777,266

(1,876,842)

Income (Loss) before income taxes

1,086,152

(1,084,339)

(2,312,369)

Income tax (expenses) recovery

(328,851)

229,733

(244,741)

Net income (loss) from continuing operations

757,301

(854,606)

(2,557,110)

Net income from discontinued operations, net of income tax

26,846,018

Net income (loss)

757,301

(854,606)

24,288,908

Dividend – convertible redeemable Class A preferred share

(686,400)

Net income attributable to noncontrolling interests

(386,210)

(838,048)

(76,108)

Net income (loss) attributable to Roan Holding Group Co., Ltd.’s
shareholders

$

371,091

$

(1,692,654)

$

23,526,400

Other comprehensive (loss) income

Foreign currency translation adjustment

1,308,444

3,461,980

1,435,262

Reclassified to net gain from discontinued operations

2,691,969

1,308,444

3,461,980

4,127,231

Comprehensive income

2,065,745

2,607,374

28,416,139

Other comprehensive income attributable to noncontrolling interests

(488,233)

(1,334,101)

(97,733)

Dividend – convertible redeemable Class A preferred share

(686,400)

Net income attributable to noncontrolling interests

(386,210)

(838,048)

(76,108)

Total comprehensive income attributable to Roan Holdings Group 
    Co., Ltd.’s shareholders

$

1,191,302

$

435,226

$

27,555,898

Weighted average number of ordinary share outstanding

Basic and Diluted*

25,287,887

25,287,887

25,287,887

Earnings (Loss) per share

Net earnings (loss) per share – Basic and Diluted

$

0.01

$

(0.07)

$

0.93

Net earnings (loss) per share from continuing operations – Basic and
Diluted

$

0.01

$

(0.07)

$

(0.13)

Net earnings per share from discontinued operations – Basic and Diluted

$

$

$

1.06

ROAN HOLDINGS GROUP CO., LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2021, 2020 and 2019

(Expressed in U.S. dollar, except for the number of shares)

For the Years Ended
December 31,

2021

2020

2019

Cash Flows from Operating Activities:

Net income (loss)

$

757,301

$

(854,606)

$

24,288,908

Less: Net loss from discontinued operations

26,846,018

Net loss from continuing operations

757,301

(854,606)

(2,557,110)

Adjustments to reconcile net income to net cash used in operating
activities:

Depreciation and amortization expenses

1,134,738

1,102,298

55,498

Provision for credit losses

48,518

316,014

Provision for loan losses

2,244,601

Provision for financial guarantee losses

57,417

89,865

5,008

Deferred tax expenses

(265,421)

(1,001,372)

57,674

Changes in fair value of warrant liabilities

3,021

(5,961)

(530,863)

Net gain from disposal of fixed assets

(33,246)

(136,682)

Gain from lease modification

(603)

22,257

Accretion of finance leases

7,605

14,757

Gain (loss) from deconsolidation of subsidiaries

(490,283)

1,953,248

Changes in operating assets and liabilities:

Accounts receivable

(7,495)

(3,116,533)

(206,442)

Inventory

(3,250)

(30,348)

Interest and fees receivable

(149,013)

Other current assets

3,431,640

(3,215,702)

(289,694)

Other receivables

2,425,003

(3,268,571)

Pledged deposits and other non-current assets

414,265

359,202

Advances from customers

(58,249)

7,915

(6,702)

Tax payable

847,043

1,029,919

273,589

Accrued expenses and other liabilities

449,971

(727,211)

28,875

Net Cash Provided by (Used in) Operating Activities from 
Continuing Operations

8,717,975

(7,461,511)

(1,074,579)

Net Cash Used in Operating Activities from Discontinued 
Operations

(26,564)

Net Cash Provided by (Used in) Operating Activities

8,717,975

(7,461,511)

(1,101,143)

Cash Flows from Investing Activities:

Repayment of loans from factoring customers

107,833,488

Proceeds of loans from third parties

20,499,442

Loans disbursement to third parties

(26,100,286)

(3,467,607)

Loans disbursement to factoring customers

(43,422,881)

Purchases of property and equipment

(54,569)

(833)

Acquisition of a subsidiary

(427,318)

Acquisition of cash from acquired subsidiary

21,442,122

Proceeds from disposal of discontinued operations

504,713

Net inflow related to deconsolidation of subsidiaries

788

61,121

Redemption of short-term investment

8,690,374

Due to (from) related party

(70,169)

210,774

Proceeds from sale of property and equipment

40,305

837,969

Net Cash (Used in) Provided by Investing Activities from Continuing 
Operations

(5,684,489)

6,332,631

85,929,291

Net Cash Provided by Investing Activities from Discontinued

Operations

35,765

Net Cash (Used in) Provided by Investing Activities

(5,684,489)

6,332,631

85,965,056

Cash Flows from Financing Activities:

Borrowing from a related party

279,020

Proceeds from bank loans

5,889,179

8,341,311

Repayment of bank loans

(8,927,555)

Proceeds from secured loans

43,422,881

Repayment of secured loans

(107,833,488)

Repayment of third-party loans

(280,268)

Repayment of lease liabilities

(76,102)

(207,891)

Net Cash (Used in) Provided by Financing Activities from 
Continuing Operations

(3,114,478)

7,853,152

(64,131,587)

Net Cash Used in Financing Activities from Discontinued
Operations

(7,251)

Net Cash (Used in) Provided by Financing Activities

(3,114,478)

7,853,152

(64,138,838)

Effect of exchange rate changes on cash, cash equivalents, and restricted
   cash in banks

914,219

1,937,807

119,326

Net increase in cash, cash equivalents, and restricted cash in banks

833,227

8,662,079

20,844,401

Cash, cash equivalents, and restricted cash in banks at beginning of year

30,807,604

22,145,525

1,301,124

Cash, cash equivalents, and restricted cash in banks at end of year

$

31,640,831

$

30,807,604

$

22,145,525

Supplemental Cash Flow Information

Cash paid for interest expense

$

269,400

$

$

Cash paid for income tax

$

$

$

Noncash investing activities

Acquisition of a subsidiary by issuance of Class B Preferred Shares

$

$

$

31,087,732

Receivable from disposal of discontinued operations

$

$

$

940,829

Right of use assets obtained in exchange for operating lease obligations

$

$

$

615,000

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the
statement of financial position that sum to the total of the same amounts shown in the consolidated statements of cash
flows:

December 31,
2021

December 31,
2020

Cash and cash equivalents

$

1,947,142

$

4,932,048

Restricted cash in banks

29,693,689

25,875,556

Total cash, cash equivalents and restricted cash

$

31,640,831

$

30,807,604

Cision View original content:https://www.prnewswire.com/news-releases/roan-holdings-group-co-ltd-reports-2021-financial-year-results-301531269.html

Source: Roan Holdings Group Co., Ltd.

China Matters explores the promise of smart cities in Guiyang


BEIJING, April 23, 2022 /PRNewswire/ — Why smart cities? From all perspectives, it ticks all the boxes: innovation, technology and new economy. On a day-to-day basis, it makes our urban environments more liveable, it saves energy, keeps traffic flowing and keeps us safe. 

In 2020, China was estimated to have some 800 smart cities under construction or in planning – that’s about half of the world’s total. And that number is continually rising.

And key to powering these smart cities is technologies like 5G, artificial intelligence and big data. Guiyang, the capital city of Guizhou province, has been a hotbed for experimenting with digital transformation in the country’s push towards building smart cities, thus a smart society.  Smart cities are an integral part of China’s continued push for urbanization to drive the country’s economic development now and in the years to come.  

More than 5,000 big data companies take residence in Guiyang including Alibaba, Baidu, Apple and Google, to name a few. That’s because, for years, Guizhou has been home to the country’s first national big data experimental zone. And now it has opened the floodgates for a shift from a smart-city concept to a smart-city reality.

China Matters’ Josh Arslan goes to Guiyang to see what ordinary folks can get out of living in a smart city? What benefits it brings? He also meets up with people behind the innovations that power a smart city from facial recognition to a car parking app vital in congested cities to autonomous vehicles, redefining the way we live, work and play.

Contact: Li Siwei
Tel:008610-68996566
E-mail:lisiwei5125@gmail.com
YouTube Link: https://youtu.be/JP7_ylRLRME  

CASETiFY Celebrates Earth Day 2022


HONG KONG and LOS ANGELES, April  22, 2022 /PRNewswire/  –This Earth Day, global lifestyle brand CASETiFY is highlighting its commitment to invest in our planet with the latest from its global impact report. Among an exciting collection of sustainable products available for a range of device sizes, the brand also unveils its newest initiative calling on the CASETiFY community to #ReCASETiFYYourWorld.

The global lifestyle brand rings in Earth Day with an update on its ongoing sustainability initiative, inviting customers to #ReCASETiFYYourWorld.
The global lifestyle brand rings in Earth Day with an update on its ongoing sustainability initiative, inviting customers to #ReCASETiFYYourWorld.

“We’re excited to share our sustainability progress with the world, but we know there is so much more room for growth,” said Wes Ng, CASETiFY CEO and Co-founder. ” We want to continue moving our industry in the right direction with sustainable innovations that refuse to compromise on quality and self-expression.”

CASETiFY Makes an Impact

CASETiFY is committed to investing in our plant and reducing its carbon footprint wherever possible. To date, the DTC brand has recycled over 160,000 phone cases through its recycling program RECASETiFY, in partnership with TerraCycle and other global partners, diverting over 60,000 lbs of plastic from landfills. Through the program, customers are able to either globally mail-in or bring in their old, retired phone cases to a number of drop-off locations throughout Hong Kong, Japan and Korea.

Furthermore, Earthday.org and CASETiFY together have planted over 165,000 trees directly supporting The Canopy Project, which benefits local communities, increases habitat for species, and combats climate change. CASETiFY officially announced its partnership with Earthday.org in 2020 with a pledge to plant one tree for every compostable phone case and reusable water bottle sold.

Incorporating Sustainable Materials

Last year, CASETiFY moved the needle even further by launching a brand new collection of upcycled phone cases made with revolutionary Re/CASETiFY technology. The Crush Collection, uses proprietary technology turning old, discarded phone cases, manufacturing scraps and plant-based material into brand new phone cases––drastically reducing the carbon manufacturing emissions by 20%. By using retired phone cases, the Crush Collection helps to repurpose existing plastic, reduce use of virgin plastic and further close the loop on single-use plastics. The new material is currently available for select iPhone and Samsung cases as well as newly launched AirPod cases with plans to be integrated in future product launches and lineups.  

In addition to the Crush Collection, CASETiFY offers even more sustainable solutions for every eco-conscious shopper with best-selling Impact and Ultra Impact Cases featuring up to 65% recycled materials, Leather Cases made with 90% recycled material and the Compostable Collection made with ecotify™, a trademarked proprietary blend of biopolymers, starch, and bamboo.

#ReCASETiFYYourWorld

At CASETiFY, it’s in our DNA to create high quality products that empower self expression and celebrate individuality without compromising its impact on the environment. Over the past few years we’ve developed new technologies, such as Re/CASETiFY to manufacture products that help reduce carbon emissions and create better alternatives than the average plastic phone case. This year, CASETiFY is calling on its community to #ReCASETiFYYourWorld through a socially-driven initiative spotlighting ways to re-invent, recycle and upcycle old phone cases. Similar to the brand’s ReCASETiFY Couch, designed by Crosby Studios, participants can submit their own Re/CASETiFY project repurposing old phone cases to create something entirely new to CASETiFY for a chance to win up to $1000.00 USD. You can find more information regarding this initiative at casetify.com/sustainability/fund-your-idea.

To shop products made from Re/CASETiFY, compostable and recycled material, and to learn more about the process and brand initiatives, please visit www.casetify.com. For the latest news on CASETiFY, sign up for the newsletter and stay tuned to @CASETiFY on Instagram, Facebook, TikTok and Twitter.

About CASETiFY 

CASETiFY is the global lifestyle brand and home to the first and largest platform for customized tech accessories. Created with the highest-quality materials and most cutting-edge designs, CASETiFY’s products turn your personal electronics into stylishly slim, drop-proof accessories. Known for tapping top artists and creatives for its Co-Lab program, CASETiFY gives brands and individuals the opportunity to share their unique visions with the world. For more information on CASETiFY, its stores, partners and products, please visit www.CASETiFY.com.

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[Editorial] Daily Driving the Chromebook Part 1: Introducing the Acer Chromebook Spin 713. Wait, Why Chrome OS?

When you go out to buy a laptop, there is usually two options for you to pick from. You can either go with Windows laptops, which will open yourself up to a world of options. You can also go for the Mac option, which would simplify your options but at a higher cost. There is a third option though – Chrome OS.

At this point, we see many question marks on many people’s heads. “Why a Chrome OS?” you may ask. It is an odd choice in the sea of choices in the market, an unpopular one. But at the same time, we think it could be a sound and sensible one.

While the Chrome OS is regarded as the simplest of operating systems (OS), it is still a valid operating system you can choose when you buy a laptop for work. The education sector loves Chromebooks because they are rather cost effective and simplistic in nature. It is fuss free to work with, a perfect introduction into the world of computing.

Chrome OS is and can be so much more than just a laptop made for the school. It can be a rather simple way for organizations to manage their work devices. It is an inexpensive solution for enterprises looking to equip their employees for their digital transformation. They can be premium machines that fulfill all sorts of needs too, except for gaming.

So, we wondered; what is it like to live with a Chromebook? Is the Chromebook worthy to be a daily driver? Is the Chrome OS even the right platform to begin with when it comes to corporate use?

The Hardware

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We are very lucky to get our hands on the Acer Chromebook Spin 713. Thanks to the support of Acer, we did not have to fuss over choosing the right Chromebook to work with. It is also the most premium Chromebook you can find in their line-up of Chromebooks.

The Acer Chromebook Spin 713 is nothing like a budget Chromebook made for the school. It still can take scrapes and bumps with MIL-STD810G certification. It is an MYR 3,799 convertible. It is also a rather powerful Chromebook.

It packs Intel’s 11th Generation Core i5-1135G7 processor, something you generally find on thin-and-light Windows notebooks. It has 8GB of RAM and 256GB in storage. Acer advised us against opening the guts of the notebook to replace or upgrade anything within the Chromebook in fear of bricking the unit, so we will comply with their requests for now.

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It is a convertible, so it also comes with a glass protected touch display that measures in at 13.5-inch with 2,256 by 1,504 pixels on tap from the IPS panel. Yes, it is a 3:2 aspect ratio display, quite odd. The dual speakers leave a little more to be desired, but you can plug your headphones in with the AUX jack, or connect your Bluetooth enabled gear to the Chromebook.

Aside from the AUX jack, you have two USB Type-C ports, both Thunderbolt ports thanks to Intel. The Chromebook charges via USB Type-C too. There is another USB port beside a MicroSD card reader, a Type-A for convenience. There is also a full-sized HDMI port for extra versatility.

Setting up Chrome OS

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Our focus isn’t too much on the Acer Chromebook Spin 713 though. This four-part editorial will focus on the Chrome OS. We will be working exclusively on the Chromebook for four continuous weeks. We still go back to our main Windows rigs for video editing. Everything else will be done on the Chromebook and Chrome OS though. In fact, this article is mostly typed and edited on the Chromebook itself.

While we are aware of Google Chrome OS, we are rather new to the interface. We expected some learning curve; there are some, though not as steep as we expected it to be. There are a few major differences in the interface that we will talk about in the coming weeks. Before we get into any of that, we must set up the Chrome OS first.

Its first boot leads us to a very familiar set-up screen. Obviously, you do not get a Windows style or Mac style set-up. It is even simpler than what we expected, to be fair. If you already have a Google Account in the first place, that is really all you need to get going. Within five minutes, we are ready to work with the Chromebook.

First Impressions – Picking Up the Clues

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We see a familiar desktop home screen, a welcome at least coming from the Windows ecosystem. Except, we were a little disappointed when we found out that we cannot put anything on the home screen. You can only change the wallpaper of your home screen. We sort of expected a more Android like experience, especially with widgets. Sadly, it is what it is.

The icon on the interface is digitally enlarged to fit eh 13.5-inch display by default. The resizing is clearly a nod to optimising the touch interface for users. We changed the icon sizing to smallest the system allows us to, just because.

Touch Optimised, Simple, Clean

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While it is a touch sensitive display, Android gesture controls do not work with Chrome OS, at least not when you are in laptop mode anyway. I must remind myself that I am not using an Android tablet here, just plain ol’ Chrome OS with no overlays. At the same time, you are going to get the same Chrome OS from any Chromebooks you pick up off the shelf. You get different specifications, sure, but they are essentially still the same interface with no extra bloatware.

Apps Matters

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We were excited to look through Google Play Store for app downloads and were not too disappointed with it. Most apps made for the smartphone and tablet works. Some of them even allows you to pick between a smartphone or tablet interface, and even change the window size on the fly. The Chrome OS allows you to fully multitask in differently sized windows with the help of a mouse and keyboard.

Like Android, But Unlike Android

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Very much like Android tablets, not all the apps that is made for the smartphone works or is available to download. Not all the Android apps that is available for the Chrome OS works flawlessly too, sadly.

The Chrome OS is naturally always on standby. That also means that, by default at least, you only need to unfold your Chromebook and Chrome OS is ready for you instantly.

While there is no special arrangement for the keyboard, there are a few subtle differences between the keyboard on a Chromebook and a Windows laptop. For one, there is no Caps Lock key on the Chrome OS. In its place is a large ‘start’ button to launch the ‘shelf’. There are no function row keys (F1-F12) to be found on the Chromebook either, you hardly ever need them anyway.

Chrome on Chrome OS

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Plenty of the apps you may not find on the Google Play Store on the Chromebook can be used on the browser. Obviously, the apps need to have the browser variants of their apps to work. Some of the ‘apps’ on your Chromebook will still lead you to the webpage. Apps like YouTube, for example, can only be used on the web. We will talk about working with Microsoft 365 a bit more in the coming weeks.

This effectively means that two sorts of app store are at your disposal. You have the Google Play Store, which we have already talked about. Then there is the Google Chrome Web Store for you to install plugins on Chrome itself.

More On Part 2

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We are also still exploring Chrome OS and still getting to know the system. In the coming parts we will also be talking about updating your Chrome OS and its development support in the future. A lot of things we have covered today are rather on the surface and introductory.

There are still plenty to explore on the Chrome OS. Phone Hub for example, has more to be explored. We have not even started on the stylus experience on the Chromebook.

Getting it up and running was not just simple, it was quick. We did not install everything we wanted nor did a deep search of what we wanted to install on the device, but there is plenty on offer with the device. We think that the plugins on Chrome browser could be a lot of help in making the Chromebook feels like a regular working PC. Gaming is one thing we look forward to talk about in the coming weeks.

Do comment below if there is anything specific that you want to find out about the Chromebook. Of course, comment if there is anything you would like us to do or try on the Chromebook. We will do our best to accommodate and try out everything you recommend and suggest to us.

New Touch ‘n Go Card Will Link to your eWallet with a Touch!

The Touch ‘n Go eWallet has become one of the most ubiquitous eWallets in Malaysia right now. Nearly everyone has the app on their phone and an increasing number of merchants and outlets are accepting the eWallet as a means of payment. That said, even with its increasing number of functions, the eWallet has had a huge handicap when it comes to Touch ‘n Go’s cards. Today’s announcement makes that a thing of the past.

Yeah, you’ve probably already guessed it and let out an elated squeal. Touch N’ Go group has officially announced a new card that links up to the eWallet in every way! You’ll be able to top up and manage your credit on the card directly on the eWallet. No need to go top-up from a Touch N’ Go kiosk and no surcharges! Just take out your smartphone and top up via the eWallet. It can even be used for all existing Touch ‘N Go card functionality.

Touch n Go eWallet Card

The new card comes in a minimalist, pastel pink and pastel blue gradient design and is available for RM10. You can get the new card at one of Touch ‘N Go’s selected retail partners across Malaysia or simply order one on the eWallet. Once you have your new card, you’ll just have to link it to your eWallet via NFC. – Yes, the NFC functionality works on both Android and iOS devices. – You’ll be able to have five Touch ‘n Go cards linked to your eWallet. Linking is as simple as touching the card to your phone’s NFC sensor and it’ll be automatically added to your eWallet.

Touch ‘N Go anticipates that there may be a shortage of the new cards as demand for them is high. This is exacerbated by the global chip shortage. However, you will still be able to register your interest for the card on the Touch ‘n Go eWallet. When you do, you will get a notification when the card is in stock again.

Users can transfer balances from their existing cards into the new card by requesting a refund on the Touch ‘N Go portal and selecting their eWallet as their preferred method.

ERS electronic announces the AC3 Fusion thermal chuck system, a versatile and more sustainable solution for temperature test in wafer probing


MUNICH, April 22, 2022 /PRNewswire/ — ERS electronic, the industry leader in the market of thermal management solutions for semiconductor manufacturing, is introducing an extension of the renowned AC3 thermal chuck system, called Fusion. The system comes with a new series of high-performance chillers that have three default on-site configurable modes, each optimized to meet specific test requirements, and a Fusion mode that allows the key parameters to be defined by the user. With these modes, the AC3 Fusion thermal chuck system is a no-compromise solution for energy-efficient and flexible tri-temperature wafer test.

The AC3 Fusion chiller series comes with a new white appearance
The AC3 Fusion chiller series comes with a new white appearance

ERS’s AC3 with patented air-management technology was introduced to the market in 2005. Since then, it has gained a reputation for being one of the most cost-efficient and resource-friendly thermal chuck systems in the industry due to its recycling of the air three times: for pre-cooling, cooling, and purging.

To further minimize costs and energy consumed during temperature test, the AC3 Fusion offers the ECO mode, which can save up to 65% energy during ambient and hot test. Another component of the system is the AC3 Fusion calculator application. It allows the user to calculate the energy consumption and cost of each mode in different test scenarios.

“When we started working on AC3 Fusion, our focus was on further increasing the efficiency and reducing the environmental footprint of our system”, says CTO of ERS electronic, Klemens Reitinger. “With this solution, we are taking temperature test in wafer probing to another level by providing all of these modes in one system.”

“We believe that we have a responsibility to develop technologies that encourage and enable a lower carbon economy, which is why we have chosen to announce AC3 Fusion on Earth Day,” says Laurent Giai-Miniet, CEO of ERS electronic. “To further improve our own sustainability performance, we have joined the organization Leaders for Climate Action, which is helping us measure and reduce our emissions and ultimately reach our target of climate neutrality.”

AC3 Fusion is available to order starting from June.

About ERS:
ERS electronic GmbH has been producing innovative thermal test solutions for the semiconductor industry for more than 50 years. The company has gained an outstanding reputation with its fast and accurate air cool-based thermal chuck systems for temperatures ranging from -65°C to +550°C for analytical, parameter-related, and manufacturing tests.

Razer’s Leviathan V2 PC Soundbar Takes Immersive Gaming to a Whole New Level for MYR 1,399

Yesterday we said it is a good time to build a gaming PC. Specifically, we pointed out that building a budget gaming PC at this time is quite perfect. Thing is, it is not just budget PC parts that are being launched left and right, there are some high-end ones too like the NVIDIA GeForce RTX 3090 Ti, making it also the perfect time to build a high-end PC.

If you are looking to build a high-performance entertainment powerhouse though, you do not want to forget to kit it out with the best possible audio gear. While it is plenty overlooked, audio is an important component in not just gaming, but for general entertainment. It can enhance and even break your experience. Even in video calls, you tend to want to prioritise a clear and stable voice communication over video, because that is where a large portion of the communications happen.

Most of the time, when you build a high-end PC and decides on the audio solution, you do not want to stay with the built-in speakers your display comes with. Most users tend to buy a pair of headphones to work with in this case. But headphones tend to be a little restrictive, and uncomfortable in extended periods of gaming. What if you also want your audio gear to be your main listening tool for movies and music without being too restrictive?

You get a sound bar of course. Yes, just like the one you see for televisions (TV). Not just any sound bar though, you get a Razer gaming soundbar made specifically to fit your crowded gaming desk set up, look good on it, and sound stellar in gaming conditions.

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Source: Razer

Welcome to the Razer Leviathan V2, the follow-up to the highly acclaimed Razer Leviathan launched about seven years ago now. Like it predecessor, it also comes with a subwoofer box in the box. You might be fine without the subwoofer box though.

Compact, Powerful, Immersive

It packs two full range drivers to drive everything from the mid-range frequencies to the higher end ones. To give better clarity and detail on the higher-end frequencies though, Razer has also fitted two tweeters to accompany the full range drivers. To ensure that audio sounds full, especially in gaming, you must have big booms. For that, you get two down-firing subwoofers that brings some rumble to your desk when you need it.

You might think that having the speaker in front of you might take out some of its immersive feel. True, you do not have rear firing speakers to feed some spatial awareness into your ears. This soundbar comes with THX Spatial Audio technology though and is activated when you connect it to a PC. That also means that you get a virtual surround sound experience like no other on your gaming PC.

Visually Stunning and Versatile

To add to the visual drama, Razer fitted this soundbar with 18 lighting zones powered by Razer Chroma RGB. You can match the light works with your other Razer gear via Synapse, or even make your games for immersive by matching the lights to whatever you see on your screen.

It is also a rather versatile piece of kit to have on your desk. Like the older Leviathan, the V2 is also a wireless speaker when you want it to be. It is Bluetooth 5.2 enabled so that you can connect your smartphone to it for when you just want to listen to music without your PC. Bluetooth 5.2 also ensures that the connection between your smartphone and speakers stay stellar. Just to fine tune the speakers to your liking, Razer also made the feet on the speakers detachable and replaceable for differing angles.

Availability and Price

The Razer Leviathan V2 is now available on Razer.com and its authorised retailers across the nation. It will set you back MYR 1,399, which is about the same price as most decent all-in-one soundbar these days. More information on the Razer Leviathan V2 can be found on their website.

ReneSola Power Appoints Ramnath Iyer as a Director

STAMFORD, Conn., April 22, 2022 /PRNewswire/ — ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that Ke Chen has stepped down as a Director of the Company and that it has appointed Ramnath Iyer, Head of ESG Asia of Invartis Consulting, to its Board of Directors effective April 20, 2022. Ke Chen will remain serving in the capacity of Chief Financial Officer. 

Mr. Iyer brings extensive capital markets experience from his prior roles as portfolio manager to multiple international asset management firms, and strategist role at investment banks. In addition, Mr. Iyer brings significant knowledge and expertise on sustainability, environmental, social, and governance (ESG) from his current role as the Head of ESG Asia at Invartis Consulting where he helps institutional investors and buyside funds integrate ESG and sustainability practices into their investing processes. 

“We are pleased to welcome Ramnath as our fellow director”, Said Himanshu Shah. “His extensive experience in ESG complements our Board’s efforts to strengthen our sustainability practices around environmental stewardship, social responsibility, and corporate governance. We look forward to his many contributions.”

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across number of regions where the solar power project markets are growing rapidly and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York. For more information, please visit www.renesolapower.com.

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Source: ReneSola Ltd.

Databricks Announces Lakehouse Offering for Customers in the Media and Entertainment Industries


The Databricks Lakehouse for Media and Entertainment launches with early support from AWS, Cognizant, Fivetran, Labelbox and Lovelytics

SAN FRANCISCO, April 21, 2022 /PRNewswire/ — Databricks, the Data and AI company and pioneer of the data lakehouse paradigm, today launched the first lakehouse platform for data-driven businesses in the media and entertainment industry. The Lakehouse for Media & Entertainment enables organizations across the media ecosystem to deliver better data and AI outcomes for consumers, advertisers and media partners with a single and collaborative platform for data, analytics and AI. Early adopters include Databricks customers like Acxiom, Warner Bros. Discovery, and SEGA. Databricks is also working with Amazon Web Services (AWS) and industry partners like Cognizant, Fivetran, Labelbox and Lovelytics.

With use case accelerators, custom Brickbuilder Solutions and a robust partner ecosystem, businesses will be able to deliver a personalized consumer experience, prepare for consumer analytics at scale, and empower greater collaboration and secure data sharing among media teams. The Lakehouse for Media and Entertainment incorporates data solutions and use-case accelerators for critical industry use cases like AI-driven recommendation engines, customer lifetime value and churn, quality of experience, community toxicity analysis, advertising optimization and more.

With Databricks, organizations can leverage all of their data to build a holistic view of their audience and advertisers, make real-time decisions and drive innovation with advanced analytics. With support for real-time analytics, business intelligence (BI), and powerful AI capabilities on all data types, Databricks enables media organizations to use all of their data – including images, video and other unstructured data types – to develop a holistic understanding of their customers.

“Lakehouse for Media and Entertainment is central to how we engage with players and streamline our data science function here at SEGA. The lakehouse platform means that data sets are available all in one centralized environment, enabling us to track key metrics to create more personalized experiences for players, drive community activities and to build our own machine learning algorithm to tailor games to our players. ” – Felix Baker, Manager, Data Services, SEGA Europe.

“With Databricks’ Lakehouse Platform on AWS, Warner Bros. Discovery is powering the future of content discovery and audience experiences. By leveraging data to better predict consumer behavior and provide personalized content recommendations in real-time, we are able to customize the viewer experience and improve overall engagement for our customers.” – Martin Ma, Group VP, Engineering at Warner Bros. Discovery.

“With a suite of data tools powered by Databricks and AWS, Acxiom is building data-driven strategies for clients that address the full marketing tech ecosystem and are designed to deliver actionable results that drive business impact. ” — David Skinner, Chief Strategy Officer, Acxiom.

“Being able to deliver more value through big data, analytics and AI is one of the top focus areas for media and entertainment organizations around the globe. We are delighted to support Databricks’ Lakehouse for Media and Entertainment on AWS, which will help customers produce smarter consumer experiences, better advertiser outcomes and an enhanced content lifecycle through the power of data.” – Marc Aldrich, General Manager, Global Media & Entertainment at AWS

“Databricks is partnered with Cognizant to connect CSPs, content owners and OTT platform owners with extensive viewer experience insights, device usage and contextual awareness in real-time utilizing modern AIops capabilities. It unleashes advanced ad targeting, personalization and service enhancement based on aggregation en-masse not possible with single-purpose QoE solutions in the market.” — Tiran Dagan, Cognizant’s CDO and Industry Head for CMT.

Powerful industry solutions customized for the data lakehouse

Designed to jumpstart the analytics process, Lakehouse for Media & Entertainment Solution Accelerators offer a blueprint of data analytics and machine learning use cases and best practices to save weeks or months of development time for an organization’s data engineers and data scientists. Popular solution accelerators pre-built for Databricks customers across the media and entertainment industry include:

  • Recommendation Engines: Create more personalized experiences for customers with AI-powered content recommendations that drive engagement and monetization opportunities.
  • Customer Lifetime Value (CLV): Easily identify and better understand the most valuable customers with CLV models that focus on spending patterns and retention to help guide better marketing investments and product development choices.
  • Streaming Quality of Service: Increase viewer retention and analyze both streaming and batch data sets to ensure a performant streaming content experience that drives engagement and loyalty.
  • Toxicity Detection for Gaming: Cultivate healthier gaming communities by leveraging natural language processing for the real-time detection of toxic language from in-game user comments and chats.

Databricks Partners deliver deeper functionality for M&E customers

Along with AWS and consulting partners like Cognizant and Lovelytics are accelerating the adoption of the lakehouse platform by developing Brickbuilder Solutions for the Media and Entertainment industry, tailor-made to combine the power of the Databricks Lakehouse Platform with the proven experience of partners. The Lakehouse for Media and Entertainment launches with additional support and capabilities from leading technology partners Labelbox and Fivetran.

  • AWS for Media and Entertainment: AWS aligns purpose-built M&E capabilities specifically for the data and analytics space. AWS and Databricks have a long history of helping M&E organizations transform their direct-to-consumer, advertising and content businesses with the power of big data, analytics and AI.
  • Video Quality of Experience by Cognizant: Enables lakehouse customers to mitigate video quality issues that drive viewers to churn – whether it’s playback failure, delayed time-to-first-frame, or a rebuffing issue. Cognizant’s solution pairs fine-grained telemetry data with AI/ML to quickly identify and remedy video quality issues in near real-time.
  • Sports and Entertainment Analytics by Lovelytics: Brings streaming data to life including optimizing baseball’s Statcast data to help teams at every level analyze thousands of data points on player performance throughout the season. With AI and predictive analytics to predict and forecast performance, the Lovelytics solution enables sports and entertainment organizations to optimize strategy in-game as well as the fan and live event experience.
  • Labelbox for Media: Labelbox is a training data platform used to produce high-quality training data from images, video, and text – a challenge for many media organizations given their businesses revolve around unstructured data. Combining Databricks and Labelbox gives customers an ideal environment for unstructured data workflows and deriving value from their media assets.
  • 360 Views with Fivetran: A data integration service, Fivetran integrates over 180+ data sources across operational, ad and mar tech data sources. For media publishers, Fivetran automates ingestion from dozens of data sources into Databricks’ Lakehouse allowing the business to build a 360-degree view of their customers that improves targeting and drives revenue.

“Executing on a strategy around data, analytics and AI is more critical than ever for media companies to remain agile, competitive and data-driven as audience demands change with the rapidly evolving media landscape,” said Steve Sobel, Global Industry Leader for Media & Entertainment at Databricks. “We are thrilled to collaborate with industry leaders like AWS, Cognizant, Fivetran, Labelbox and Lovelytics to bring the Databricks Lakehouse for Media and Entertainment to the industry, and enable media leaders to personalize, monetize and innovate in delivering smarter, 1;1 experiences for consumer and advertisers across the globe.”

For more information, visit Databricks’ Lakehouse for Media and Entertainment homepage. If you are attending the NAB Show 2022, visit Databricks with AWS at booth W3500.

About Databricks

Databricks is the data and AI company. More than 7,000 organizations worldwide — including Comcast, Condé Nast, H&M, and over 40% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Databricks is headquartered in San Francisco, with offices around the globe. Founded by the original creators of Apache Spark™, Delta Lake and MLflow, Databricks is on a mission to help data teams solve the world’s toughest problems. To learn more, follow Databricks on TwitterLinkedIn and Facebook.

Press Contact:
Press@databricks.com

ASUS AMD Radeon RX 6400 GPUs are the Next Best Thing for 1080p Gaming 

Last year, if our friends asked us about building a PC or a gaming rig for themselves, we would have said that it is not a good time. We would have also told them to maybe get a gaming laptop instead, especially with prices of parts soaring out of control, 

Fast forward to 2022 though and the PC component market has shown signs of recovery. Prices of GPUs and CPUs have dropped by 20-25%. While components are still sold above recommended retail prices, situations are not as bad as before and stocks are slowly becoming more available.  

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Source: ASUS

In terms of current component prices, it is a better time now to build your own PC. In the current market climate, there has never been a better time to build a PC because new components are launching left and right. It is an especially good time to build budget gaming rigs thanks to ASUS releasing the latest AMD Radeon GPU. 

It is called the AMD Radeon RX 6400, and just as its numbers suggest, it is an entry-level GPU. It is still a modern AMD GPU though, and they say that it will do 1080p gaming rather well. We trust them on this and recommend that you stick to a 1080p gaming build on this.  

It is meant for a budget rig, so you cannot expect miracles out of it. Still, you get 4GB of GDDR6 memory out of the card. You also get HDMI 2.1 and DisplayPort 1.4a outputs, which should allow you to have two monitors working simultaneously. It is also a PCIe 4.0 card, which also means that it should perform better than some of the AMD Radeon RX 5000 series GPUs.  

Of course, the GPU comes with AMD’s latest RDNA 2 architecture on the 2039 MHz clocked chip. The GPU can be boosted up to 2321 MHz when you need maximum power for your games. When the GPU consumes little to no power, its fans turn off for silent operation. The Radeon RX 6400 also comes with support for DirectX 12 Ultimate, AMD Fidelity FX technology, AMD Radeon Super Resolution, and AMD’s Smart Access Memory technology for even better gaming experiences.  

ASUS’ AMD Radeon RX 6400 comes in two flavours – ASUS Dual Radeon RX 6400 and ASUS Phoenix Radeon RX 6400. The Dual variant comes with two fans for maximum cooling performance while the Phoenix comes with a single fan design. Currently only the ASUS Dual Radeon RX 6400 will be available in Malaysia for MYR 960. There are no confirmations on when the more affordable single-fan Phoenix Radeon RX 6400 will be available in Malaysia. More information on the AMD Radeon RX 6400 can be found on AMD’s website.