Beko and Grundig bring their vision for a better future to the stage at EuroCucina – FTK 2022

June 10, 2022 TechENT Syndication Leave a comment

LONDON, June 10, 2022 /PRNewswire/ — Grundig and Beko, leading household appliance companies, participated in Europe’s major kitchen trade show, EuroCucina 2022, to showcase their latest product innovations and share insights from Arçelik CEO, Hakan Bulgurlu and Grundig Brand Ambassador, Chef Massimo Bottura.

Speaking at the Sustainability Talks, Hakan Bulgurlu and Massimo Bottura discussed the current state of the climate, food social sustainability and how failure to act on climate change now may drive a global food crisis that transcends economies and regions. Their discussion also turned to how companies should place sustainability at the heart of their business strategy, drawing examples of projects that Arçelik is pursuing to achieve its ambitious vision.

Commenting on the growing climate crisis, Hakan stated that “the amount of time left, to avoid an increase of 1.5°C in temperature, is incredibly small and the current state of the planet is, unfortunately, dire.” Arguing that pursuing a sustainable business model is urgent, achievable and ultimately rewarding for companies, which is why Arçelik is deeply committed to reaching net zero by 2050.

The discussion also examined the impact of climate change on food security worldwide. Hakan stated that “the rising heat has already damaged agricultural capacity in many countries, which forces governments to limit or even ban exports of various crops. This creates a food shortage and leads to more and more people going to bed hungry, each night.” To combat this crisis, Grundig partnered with Chef Bottura, who founded the Food for Soul Initiative in early 2016 to encourage communities to fight food waste in the interest of social inclusion as well as individual wellbeing. This project created the foundation of the relationship between Chef Bottura and Grundig.

Chef Bottura states that “Grundig is the only foreign company to which I am very closed both for a sharing of values and for gratitude because they were among the first to believe in my Food for Soul project. We both want to change things simply, connecting people can really make a difference to change the world. If you want to change something you have to stay together.”

Grundig, as the official partner of Food for Soul, has set up more than thirteen refettorios, around the world. Refettorios aim to develop community spaces and experiences that promote sustainability and help tackle food waste. So far, these efforts have helped save more than 955 tonnes of food saved, distributed 2.08 million hospitality meals, and engaged over 100,000 chefs and volunteers.

In talking about solutions, Hakan spoke about Arçelik’s decarbonisation roadmap and ambitious plans to offset carbon emissions, which led to the topic of energy efficiency. Arçelik’s decarbonisation vision is led by the company’s effort to ensure energy efficiency in both the production and the products. As home appliances are such a necessity, the responsibility to reduce the large amount of energy consumed by these appliances falls on their producers. With that in mind, Arçelik aims to increase its products’ energy efficiency by 50% by 2030.

The talks appropriately took place in Beko and Grundig’s ‘Zero-Impact’ booth, which was designed by architect, Martino Berghinz and named, ‘Sustainability on Stage’. The materials used to create the booth were, altogether more than ninety-five percent reusable. Additionally, to highlight the guests’ overall sustainability experience, Beko and Grundig partnered with ZeroCO2, a company specialising in reforestation projects with high social impact, to carry out an in-depth Life Cycle Assessment (LCA) analysis of Beko and Grundig’s participation in the event, and a subsequent offsetting operation. This operation involves a social fruit-planting project that will not only offset the CO2 emitted but also support local farming families by donating the planted fruit to contribute to their economic and food well-being.

The booth also featured Beko’s Beyond and Grundig’s Prologue Ranges as well as two Immersive Rooms, dedicated to telling a story of those technologies that are most representative of Arçelik’s commitment to sustainability. These rooms offered visitors, a virtual and multisensory experience. The products and their associated technologies included within both of these ranges demonstrates Arçelik’s efforts towards creating a manufacturing ecosystem that favours the circular economy. For example,

Grundig’s FiberCatcher Washing Machines integrates the first-of-its-kind filter that collects and retains 90 percent of the microfibres produced by washing cycles, which would otherwise pollute the marine ecosystem, and consequently end up in the food we eat.
Beko’s HarvestFresh Refrigerators are designed to better preserve the vitamin and nutritional contents of fruits and vegetables.

In its entirety Beko and Grundig’s zero-impact booth offered guests a holistic sustainability experience, while reaffirming Arçelik’s commitments to innovation in the service of a more sustainable future.

ARCELIK

With over 40,000 employees throughout the world, Arçelik’s global operations including sales and marketing offices in 51 countries, and 28 production facilities in 9 countries with 12 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus, Dawlance, Voltas Beko). As Europe’s second-largest white goods company by market share (based on volumes), Arçelik reached a consolidated turnover of 6.5 billion Euros in 2021. Arçelik’s 29 R&D and Design Centers & Offices across the globe, are home to over 2,000 researchers and hold more than 3,000 international patent applications to date. In 2021, Arçelik achieved the highest score in the DHP Household Durables category for the 3rd year in a row in the Dow Jones Sustainability Index of the S&P Global Corporate Sustainability Assessment. Through its leadership position in sustainability and credible decarbonization roadmap for achieving net zero, Arçelik became the first and only company from its industry to receive the Terra Carta Seal by HRH Prince of Wales. Arçelik’s mission is ‘Respecting the World, Respected Worldwide.’

www.arcelikglobal.com/en

GRUNDIG

Grundig is the international home appliance brand of Arçelik, which is a multinational household appliances manufacturer that operates with 12 brands and employs over 40,000 people worldwide. Grundig is one of the world’s leading providers of products in the areas of entertainment electronics, small electrical appliances, and major home appliances. The brand remains true to its brand attributes including its extensive experience in the market for 76 years, user-friendly and elegant design, eco-consciousness, high standards, and quality control.

Grundig believes that a sustainable future starts at home. To support this vision, Grundig adopts the ‘Respect Food’ initiative aiming to inspire everyone to fight food waste by showing how to tackle waste in kitchens and with innovative products. Grundig fulfills its responsibility for sustainable business practice and makes an important contribution to its parent company, Arçelik’s 2030 sustainability targets with its sustainable partnerships and communication, energy-efficient product development, and innovation approach focusing on the circular economy, and other sustainability pillars. At the same time, Grundig further empowers its customers to achieve more sustainable living.

https://www.grundig.com/

BEKO

Beko is the international home appliance brand of Arçelik, which is a multinational household appliances manufacturer that operates with 12 brands and employs over 40,000 people worldwide. Beko is one of the top 3 large home appliances brands in Europe*. The brand is FC Barcelona’s main partner, naming partner of Fenerbahçe Men’s Basketball Team and official supplier of European League of Legends Championship (LEC).

Beko has been focusing on healthy living for years, raising awareness and developing products that make healthy living possible and convenient. Beko’s brand mission is ‘healthy living is only possible on a healthy planet’. Beko is committed to protecting the planet by designing and manufacturing energy-efficient products and investing in resource efficiency in production.

www.beko.com/

*Source Euromonitor International Limited; Large Appliances as per “Major Appliances” in Consumer Appliances 2022ed, retail volume, 2021 data.

Beko Grundig Eurocucina 2022

PR Newswire

How OPay partnered with MasterCard: International Financial Institutions Boost Fintech in Emerging Markets

June 10, 2022 TechENT Syndication Leave a comment

LAGOS, Nigeria, June 10, 2022 /PRNewswire/ — More and more international financial institutions are participating in the development of Fintech in emerging markets. MasterCard recently established a strategic partnership with OPay, a Fintech unicorn in emerging markets.

On May 19, 2022, MasterCard and OPay, a fintech company focused on emerging markets, announced a strategic partnership to enable OPay consumers and merchants across the region (including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa, and the United Arab Emirates) will be connected to brands and businesses across the globe through the OPay wallet. The move will open the door to digital commerce for millions of people in the Middle East and Africa, driving wider financial inclusion and economic prosperity.

MasterCard has comprehensively deepened its financial inclusion initiatives around the world, promising to empower 1 billion people to enjoy the dividends of the digital economy by 2025, including helping 50 million small and medium-sized enterprises and providing solutions to the business development needs of 25 million female entrepreneurs solution.

Over the past three years, OPay’s business has grown rapidly, covering markets such as Nigeria, Egypt, and Pakistan, becoming one of the largest fintech companies in Africa and the Middle East. OPay provides customized services for different users, including financial services such as offline payment, online payment, and digital wallet. Currently, OPay serves more than 15 million wallet users, and more than 600,000 merchants, and has a monthly transaction volume of more than $6 billion.

In Nigeria alone, where OPay has had a significant market share since its inception in 2018, users have saved billions of dollars over the past four years through credit-linked savings accounts in mobile wallets and microloans provided by the platform. At present, OPay’s business map has expanded to most of the emerging markets, in addition to Nigeria and Egypt, it also includes Indonesia, Pakistan, Mexico, and other countries.

OPay continues to gain the favor of capital. The latest round of C round of financing was completed in August 2021, with a total amount of 400 million US dollars. The investment was led by SoftBank Vision Fund II. Since then, OPay has become a fintech unicorn in emerging markets. valued at $2 billion.

OPay not only provides mobile payment services but also brings advanced financial technology into the financial ecology of emerging markets in the fields of technology services, artificial intelligence, software, and information services. With the power of science and technology, we will help financial inclusion in emerging markets, and bring services to everyone. In the future, OPay plans to land in more markets within three to five years, vigorously promote digital popularization and e-commerce expansion, and at the same time bring more OPay users into the global economy.

View original content:https://www.prnewswire.com/news-releases/how-opay-partnered-with-mastercard-international-financial-institutions-boost-fintech-in-emerging-markets-301565659.html

PR Newswire

Gaston Taratuta from Argentina named EY World Entrepreneur Of The Year™ 2022

June 10, 2022 TechENT Syndication Leave a comment

EY also honors fashion icon Stella McCartney with the EY Social Entrepreneurship Award 2022 for Sustainability
Guests also joined an inspiring session with artist and activist Bono, talking about entrepreneurial leadership

MONACO, June 10, 2022 /PRNewswire/ — Gaston Taratuta, Founder and CEO of Argentina-based Aleph Group, Inc. was this evening named EY World Entrepreneur Of The Year™ at an award ceremony held in Monaco’s Salle des Etoiles. Gaston was selected from among over 350 program participants that included the 50 country winners from 41 global jurisdictions vying for the title. He is the second winner from South America in the award’s 22-year history. The event celebrating entrepreneurship, which was able to return to Monaco for the first time since 2019, featured a diverse set of voices and perspectives including special guest, lead singer of U2 Bono. The artist and activist joined EY Global Chairman and CEO, Carmine Di Sibio, on stage to talk about the people, places and possibilities that have shaped his life and the importance of collaboration in his work.

Gaston Taratuta from Argentina named EY World Entrepreneur Of The Year™ 2022

Taratuta, 49, first founded his company Internet Media Services (IMS) in 2005 with an ambition to deepen the digital ecosystem in his native Argentina and help grow the global technology industry across the region. He would go on to combine IMS with strategically acquired businesses to form Aleph Group, Inc., a distinguished global advertising holding company with a presence in 90 markets across four continents. As of last year, Aleph Group generated a net operating revenue amounting to US$131m with a net income of US$26m while employing more than 1,000 people.

Stella McCartney is the recipient of the EY Social Entrepreneurship Award 2022 for Sustainability

During the two-day celebration EY also named British fashion designer Stella McCartney CBE, as the winner of the EY Social Entrepreneurship Award 2022 for Sustainability. The honor recognizes her career-long commitment to sustainability and innovation in fashion design, and her non-profit, Stella McCartney Cares. The charitable platform is aimed at creating positive change in the fashion industry and the world at large by inspiring others to embrace sustainable practices.

Carmine Di Sibio, EY Global Chairman and CEO, says:

“After two years away, I am very excited that we have been able to return to Monaco for an in-person celebration with so many incredible entrepreneurs. I’m especially proud to recognize this year’s World Entrepreneur Of The Year winner, Gaston Taratuta. Gaston embodies the passion, leadership and resiliency of what being an entrepreneur is all about and is a worthy winner of this year’s award.”

Di Sibio added: “I’m also privileged to be able to put a spotlight on the important work being done by entrepreneurial leaders around sustainability. In continuing the tradition of the EY Social Entrepreneurship Award for Sustainability, this year’s winner, Stella McCartney, truly has an unsurpassed commitment to forging the next generation toward creating a more sustainable future. Congratulations to both on this evening’s honors.”

Gaston Taratuta, Founder and CEO of Aleph Group, says:

“Being an entrepreneur is more than just building a successful business, it’s about creating and seizing opportunities where ones don’t readily exist or aren’t easily attainable. Few industries have experienced more evolutions over the past two decades than digital advertising and that’s exactly why I’m so passionate about forging its future. I approach each day as a chance to tap into the next big idea that will galvanize the space and reimagine what’s possible. Critical to any success is surrounding yourself with the right people, and this award is a testament to my amazing team, including my exceptional friend and business partner, Ignacio Vidaguren. I’m truly grateful and humbled to be named the 2022 EY World Entrepreneur Of The Year and I hope to be able to use this platform to empower the entrepreneurs of the future”.

Rosaleen Blair CBE, Founder and Chair of AMS, and Chair of the EY World Entrepreneur Of The Year judging panel, says:

“The judging panel is honored to award Gaston with this year’s title. He’s revolutionized the digital advertising industry on a global basis and made it possible for many entrepreneurs in emerging countries to enter markets that were previously inaccessible. His story is one of perseverance, having overcome enormous adversity early in life to reach the heights he’s at today. Throughout his journey he’s focused on bringing others along with him by leveling the playing field and opening countless new doors. He is exactly what we look for in the World Entrepreneur of the Year.”

Stasia Mitchell, EY Global Entrepreneurship Leader, says:

“Gaston’s journey has been forged by an innovative mindset and a willingness to take on big challenges with bigger ideas. Through Aleph Group, he has transformed the future of digital advertising, paving the way for the next generation through training programs and building connection points between talent and brands. Gaston is a perfect example of the unstoppable ambition that each of this year’s class of entrepreneurs possess and I’m excited to watch how all of them will continue to drive disruptions that build a better future.”

About Gaston Taratuta, Founder and CEO of Aleph Group

Gaston’s journey began while working for Brazil’s largest media company where among his primary roles was the responsibility to connect Brazilian advertisers with customers in the United States. That was when he started to identify a gap that would drive much of his success down the line – so many digital platforms were overly focused on the top performing markets while overlooking the future opportunities of emerging ones.

In the mid-2000s, he went out on his own and founded Internet Media Services (IMS) with the goal of increasing the representation of digital platforms in under-served markets. After partnering with Twitter to provide operations in Latin America, Gaston went on to win partnerships with other digital giants such as Spotify, Waze, LinkedIn and Snapchat. Over the course of the next decade, he began acquiring companies that had similar business models to IMS, diversifying into new markets while staying true to the core philosophy. In 2021, he formed Aleph Group as a corporate brand, connecting digital platforms with advertisers from emerging countries and creating a situation in which everyone has a fair and equal chance of succeeding for companies looking to compete in the global digital ecosystem.

Today, Gaston and Aleph are committed to make digital advertising accessible to all and help under-served markets reach a global audience while helping the companies and talent who face endless barriers of entry become part of one of the most exciting industries in the world.

About the judging panel

Our diverse panel of independent judges was composed of entrepreneurs from around the world who have demonstrated astonishing purpose and drive throughout their careers.

Chair of Judges: Rosaleen Blair, transforming talent management with AMS
Girish Jhunjhnuwala, reinventing the hotel experience with Ovolo Group
Hernan Kazah, co-founder of the largest technology fund in Latin America, Kaszek Ventures
Susan Chong, a pioneer in sustainable packaging with Greenpac Pte Ltd.
Naomi Whittel, a leading nutritional professional and founder of OMI Nutrition
Noëlla Coursaris Musunka, Founder and CEO of Malaika and winner of the Nelson Mandela centenary award for educating girls in Africa
Dr. Kiran Mazumdar-Shaw, of Biocon Limited, developing affordable drugs to treat diabetes, cancer and COVID-19

2020 EY World Entrepreneur Of The Year™ winner

Brad Keywell, of Uptake Technologies, Inc., who is leading the way through innovations in artificial intelligence (AI)

2019 EY World Entrepreneur Of The Year™ winner

About EY

EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation is available via www.ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

About EY Entrepreneur Of The Year™

EY Entrepreneur Of The Year™ is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. EY Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. Winners go on to compete for the EY World Entrepreneur Of The Year™ title. www.ey.com/eoy

Eric Minuskin	Lauren Mosery
EY Global Media Relations	EY Global Media Relations
+1 908 770 9758	+1 732 977 2063
eric.j.minuskin@ey.com	lauren.mosery@ey.com

PR Newswire

It’s here, GEEKOM MiniAir 11: Your Everyday Mini PC.

June 9, 2022 TechENT Syndication Leave a comment

LOS ANGELES, June 9, 2022 /PRNewswire/ — GEEKOM has continued to develop and expand the Mini PC product line since the release of the Mini IT8, and the MiniAir 11 is now available as a member of the new MiniAir series. Let’s take a look at it.

It’s here, GEEKOM MiniAir 11 Your Everyday Mini PC.

The title is self-explanatory. For everyone, the MiniAir 11 is a must-have, everyday Mini PC. It combines reliable performance, extensive connectivity, great flexibility, and more features into an incredibly small form factor, giving you everything you need right at your fingertips.

What are the key features

Windows 11 Pro is pre-installed and ready to use right out of the box.

Ultra-slim, space-saving design with dimensions of only 117 x 112 x 34.2 mm.

11th Gen Intel^®Celeron^®CPU ensures smooth, stable computer and processing power.

For sharp visuals and more efficiency, Intel^®UHD graphics power two 4K screens.

Fast performance is backed by up to 32GB dual-channel DDR4 memory support.

Your mass storage needs are met by M.2 SSD storage with expansion up to 1TB.

Multiple ports for connecting various devices; Bluetooth and Wi-Fi wireless connectivity.

Low-power, low-noise, and energy-efficient design.

Day-to-day solutions

Computers are an essential part of our day-to-day lives. I think everyone will love a PC with good solutions to meet our daily computing needs. MiniAir 11 seems like a great choice.

It is simple and flexible to deploy, with a thin, simplified overall design and many mounting choices. Using the included VESA mount, this Mini PC can be mounted on the back of a monitor, TV, or embedded inside furniture, a sales rack. For steady performance, its system features a quad-core Intel® Celeron^®processor, up to 32 GB dual-channel memory, and up to ITB M.2 SSD storage. Quality and flexibility are included, as well as support for dual 4K displays, HDMI and Mini DisplayPort connectors, and several USB ports.

Overall, the GEEKOM MiniAir 11 is a budget-friendly PC with daily solutions for home media, small and medium business applications, kiosks, collaboration and streaming, digital signage, and more. Streamline daily tasks like web browsing, spreadsheet editing, streaming, and light gaming with this tiny PC. Create, learn, and excel; stay connected with friends and family around the world. Experience dependable, secure performance for the modern workplace; connect and collaborate from any location. What a fantastic PC to have!

Pricing and availability

GEEKOM MiniAir 11 Pricing will range from $239 to $279

It is available to order on Jun 8, 2022 on GEEKOMPC.COM

About GEEKOM

GEEKOM was founded in 2003. Over 18 painstaking years, GEEKOM put all its efforts into the research, design, production, and sales of quality computer products. We have always been committed to offering powerful, portable, popular Mini PCs and laptops and providing flexible and diversified support to people in different scenarios. We have also set up strategic partnerships with well-known global brands, including Intel and Kingston. With us, more people will learn, work, play, and do more efficiently and easily.

Follow GEEKOM and stay in the know

Web: www.geekompc.com

Email: support@geekompc.com

Instagram: @geekompc

Facebook: @GEEKOM

TikTok: @geekompc

YouTube: @GEEKOM PC

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Business, Contributed

Automation in an App-centric, Hybrid Cloud World

June 9, 2022 Tom Anderson Leave a comment

The past few years have shown that enterprises want their applications, data, and resources located wherever it makes the most sense for their business and operating models, which means that automation needs to be available to execute anywhere. Automation across platforms and environments needs a common mechanism with an approach of automation as code, supported by communities of practice and even automation architects or committees to help define and deliver on the strategy.

Per a recent IDC Market Forecast— Worldwide IT Automation and Configuration Management Software Forecast, 2021–2025[i]—“state-of-the-art system management software tools will be needed to keep up with increasing operational complexity, particularly in organizations that cannot add headcount to keep up with requirements.” Managing this overall complexity is no easy feat. As IT and business needs continue to evolve, it’s no longer an issue of “if” organizations turn to automation, but “which” automation tool they choose.

macbook pro on brown table — Photo by Negative Space on Pexels.com

This is where the power of open source technology excels; per the same IDC study, “open source–driven innovation helped fuel the growth of newer players and technologies.” With a community-based, consistent approach to automation, the subject matter experts write the integrations and share them with other teams, building internal communities of practice that can adapt to change and deployments allowing enterprises to get to the cloud at an accelerated pace.

This is how Red Hat, through Red Hat Ansible Automation Platform, approaches automation, delivering tailored innovation for individual platforms combined with a standard, cross-framework language. With the continued shift to consuming public cloud services and resources, the key is to have a platform that allows you to harness the same skills, language and taxonomy that your teams have been using to drive efficiency and savings in on-premises implementations. This approach enables enterprises to achieve what they want, where they want to, in clouds like Amazon Web Services and Microsoft Azure.

Endorsing agility at the edge

We know that enterprises and their needs do not end with cloud automation. Assets at the edge are now just as important and, arguably, even more difficult to manage, than in the data center. Edge computing is critical to business, making automating at the edge non-negotiable. Making all of your existing processes and group components available using a tool like Ansible Automation Platform allows you to move edge management from a multi-person, complex task to one where common components and workflows are used with Ansible for management and integration.

cans in the assembly line — Photo by cottonbro on Pexels.com

Ansible automation becomes the connective tissue in an IT organization, bridging applications and their dependent infrastructure, and maintaining technology at the edge. IT staff can rely on automation to roll out new services at the edge to meet customer needs with speed, scale, and consistency.

Connecting it all through automation

We often refer to Ansible Automation Platform as the glue between people, process and technology. Automation allows for greater emphasis on strengthening the whole system, rather than just the sum of its parts. The benefits automation can bring aren’t always simple to achieve, but the right framework makes it less challenging. When there’s success at a high level, new ways of working become reality, along with resiliency and adaptability. This formula is precisely what organizations need as they face new challenges to drive modernization and transformation.

[i] IDC Market Forecast, Worldwide IT Automation and Configuration Management Software Forecast, 2021–2025, doc #US47434321, February 2021.

Computers, Mobile, News

[WWDC 2022] Apple Launches the M2 for the New MacBook Air and 13-inch MacBook Pro

June 9, 2022 Darwin Sucipto Leave a comment

Let us talk about Apple’s first foray into the silicon market – the Apple M1 chip. It was a somewhat successful endeavor. The M1 powered MacBooks proved to be rather popular among fans and even to new users. It is also the first successful implementation of a System on a Chip (SoC) solution for a major computing device with a desktop interface that is the MacOS in this case.

Of course, the success of the M1 chip also has something to do with the fact that Apple has somehow engineered the MacOS around the integrated silicon. But it also has something to do with the Apple M1’s specific build to optimise and be optimized with apps designed for MacOS.

Of course, while we expected Apple to come up with more powerful versions of their silicon last year, we were a little wrong to expect the second-generation of Apple’s silicon to be announced then. Instead, Apple launched variants of the M1 chip. You get larger footprints of the M1 that also comes with a lot more grunt from the SoC. Everything changes for 2022 though with Apple’s M2.

Welcome to the Apple M2 silicon, supposedly an evolution of the M1 chip. Obviously, it will be more powerful than the regular M1 chip. As with the M1 chip as well, the M2 will start out its life in the MacBook Air and 13-inch MacBook Pro.

Why Should You Care?

Apple WWDC22 M2 chip CPU perf vs power 01 220606 — Source: Apple

PC users might snicker at the thought of an SoC running their Windows system. It is not too far-fetched of an idea though. Windows 11 seems to be more SoC friendly, and Qualcomm is working on a solution for that as we write this piece.

But the M1 is prove that an SoC can power a desktop class computing solution. The M2 just solidifies that position for Apple as the only manufacturer that dare to go beyond conventions. While Apple did point out that the M2 can game better with Metal accelerator, it still will not game like Windows PC can.

Instead, the M2 is tailor built to ensure that the MacOS is fully optimized and runs as fast as it can. The M2 chip is designed specifically to ensure that the MacOS and its apps are getting enough processing power in all the right places to ensure smooth, snappy experience. It just does everything that the M1 does, but better.

Bigger, Badder, Better

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Footprint wise, the M2 is slightly larger than the M1 chip. It is built with he second-generation 5nm technology, technically the current most advanced transistor technology. The new construction allows Apple to push the envelope a little bit with the M2.

It is supposed to be about 18% faster than the M1 in terms of CPU performance. In terms of GPU performance, it is supposed to 35% better than the older chip. The M2 is also supposed to pack a dedicated Neural Engine that is about 40% faster than before. While the M1 tops out at 16GB of memory bandwidth, the basic M2 can support up to 24GB in unified memory. You can find all 24GB powering the updated 13-inch MacBook Pro.

The larger footprint can be contributed to the fact that Apple has squeezed 25% more transistors than the M1. More transistors also means that the chip can deliver up to 100GB/s in memory bandwidth with the speedy unified memory. At the same time, with a larger cache, the M2 does not require any more power than the M1 demanded. At the same maximum power consumption. The M2 still beats out the M1 in all processor aspects.

Faster Workflow = Better Productivity

The result of all that can be seen in all the Apple silicon optimized apps. Thanks to the wider bandwidth, the M2 supports up to 8K H.264 and HEVC video encoding. It is supposed to also be able to stream more 4K and 8K videos on more displays, if you can find enough dongles or displays to plug the MacBook Air or the 13-inch MacBook Pro.

At the same time, while not spoken at length, the M2 features better security all around. Apple’s Secure Enclave ensures that your data is locally stored and protected instead of it being uploaded to iCloud. Of course, to fully take advantage of the chip’s power, you need Apple’s latest MacOS Ventura.

The MacBook Air – Now a Proper Baby MacBook?

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For the first time ever, the MacBook Air got a redesign. Instead of the wedge-shaped aluminium slate, it now looks like a thinner version of the regular MacBook. It is not a bad thing.

It now features a more updated “MacBook” look in a 13.6-inch Liquid Retina display with the weird notch in the top middle section of the display. That notch houses an 1080p Full HD FaceTime camera and other sensors.

The US 1,199 (starting from) device now looks a little more up to par to a regular MacBook too, at least on paper. It now features dour speakers and MagSafe charging has made its way back into the thinnest and lightest version of the MacBook family. There are still no fans in the notebook for any significant cooling performance, but the M2 is an SoC that does not really need a dedicate cooling fan. The MacBook Air also comes in four different colour finishes now instead of the usual two that was offered before.

PR Newswire

Mobile-first Communications Solutions to Empower Diverse Hybrid Workforces

June 9, 2022 TechENT Syndication Leave a comment

Unified Communications as a Service (UCaaS) will help organizations in hybrid models retain workforces and attract new talent, says Frost & Sullivan

SAN ANTONIO, June 9, 2022 /PRNewswire/ — Organizations have shifted to hybrid work models and adopted new mobile communications strategies due to the COVID-19 pandemic. Frost & Sullivan’s recent analysis, Evaluating Mobile Communications Solutions for the Hybrid Workforce, finds that companies’ increasing adoption of mobile-first communications allows them to address work from anywhere at any time. This helps them achieve crucial goals, such as empowering diverse workforces and retaining employees. Additionally, technology advancements, including 5G connectivity and improving device capabilities, enable better user mobile experiences and increase decision-makers’ comfort in adopting mobile solutions.

Hybrid work- Mobile communications solutions

For further information on this analysis, please click here.

“Organizations are expected to adopt mobile-forward strategies whereby future communications investments will be aligned with permanently shifted work styles and a strong appreciation for the benefits of mobility,” said Elka Popova, Connected Work Vice President at Frost & Sullivan. “Among other approaches to workforce mobile enablement, all-inclusive UCaaS seat licenses that provide mobile access to calling and UC features will drive further fixed-mobile convergence (FMC) adoption.”

Popova added: “Emerging and evolving native, IP multimedia subsystem (IMS) core-based mobile calling solutions will find strong appeal among users. In many cases, native mobile calling may be deployed alongside collaboration apps that already provide flexible access to meetings, messaging, and calling on a variety of connected devices.”

To capitalize on growth opportunities in the expanding mobile communications solutions market, providers can leverage the following growth strategies:

Address users’ shifting requirements with tailored bundles that include services and devices that support new use cases. Mobile and desktop apps and mobile UCaaS solutions provide a strong fit for remote workers.
Integrate communications and collaboration solutions with Microsoft Teams. The Operator Connect Mobile program creates considerable growth opportunities for mobile operators among Teams users.
Leverage existing assets or acquire mobile virtual network operator (MVNO) resources to capitalize on the growing demand for mobile business communications services.

Evaluating Mobile Communications Solutions for the Hybrid Workforce is the latest addition to Frost & Sullivan’s ICT research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Evaluating Mobile Communications Solutions for the Hybrid Workforce

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Contact:
María Celeste Bailo
Corporate Communications
E: celeste.bailo@frost.com
https://www.frost.com/

PR Newswire

BEST Inc. Announces Unaudited First Quarter 2022 Financial Results

June 9, 2022 TechENT Syndication Leave a comment

HANGZHOU, China, June 9, 2022 /PRNewswire/ — BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia (“SEA”), today announced its unaudited financial results for the first quarter ended March 31, 2022.

Johnny Chou, Founder, Chairman and CEO of BEST, commented, “Despite the disruptions caused by the COVID-19 pandemic, we continued to serve our customers with operational resilience. BEST Global continued its strong growth momentum and finished the quarter with 25% year-over-year (“YOY”) volume increase in SEA. As we continued with our Strategic Refocusing Program, we are winding down our BEST UCargo and Capital business lines, which gives us a much leaner organization and lower cost structure. At end of the first quarter, we have a net cash position of RMB1.5 billion.

“During the quarter, BEST Freight maintained its industry-leading position and achieved notable service quality improvements. Freight’s on-time delivery rate has improved by 14% YOY. Supply Chain Management remains our key differentiator as it empowers our customers with digitalized end-to-end logistics solutions. It is also the heart of our cross-segment synergies; significantly benefiting Freight and Global by supporting its customer’s transportation and global logistics needs. Among SCM’s top customers, more than 20% use our Freight service.

“We believe the activities of supply chain and logistics business will pick up quickly in China and SEA as the pandemic eases. Information technology-driven and integrated supply chain and logistics solutions will be in high demand to support such growth. BEST’s strengths in technology, domestic and international end-to-end supply chain and logistics capabilities, as well as our broad customer base in China coupled with strong cash position will allow us to capture this growth opportunity and on the path to profitability.” concluded Mr. Chou.

Gloria Fan, BEST’s Chief Financial Officer, added, “Our first quarter revenue, excluding UCargo and Capital, declined by 4.6% YOY. Given the pandemic-related disruptions and other macro environment uncertainties, our performance is a testament to our strong business resilience. Our balance of cash and cash equivalents, restricted cash, and short-term investments were RMB5.3 billion at the end of the first quarter. Supported by our robust balance sheet, our emphasis on service quality and operational efficiency will strengthen our core competencies in Freight, integrated Supply Chain Management and Global logistics solutions, building a solid foundation for future growth and profitability.”

FINANCIAL HIGHLIGHTS⁽¹⁾

For the First Quarter Ended March 31, 2022:⁽²⁾

Revenue was RMB1,802.6 million (US$284.4 million) compared to RMB2,783.6 million in the first quarter of 2021. The revenue decrease was primarily due to the winding-down of the UCargo business line. Revenue generated from UCargo business was approximately RMB19.4 million (US$3.1 million) compared with RMB868.7 million in the same quarter of 2021, a decrease of 97.8%.
Gross Loss was RMB76.8 million (US$12.1 million), compared to gross profit of RMB51.7 million in the first quarter of 2021. The decrease was primarily due to winding down of the Capital business line and increased unit cost of Freight business, mainly resulting from higher fuel cost. Gross Loss Margin was 4.3%, compared to a Gross Profit Margin of 1.9% in the first quarter of 2021.
Net Loss from continuing operations was RMB379.9 million (US$59.9 million), compared to RMB191.2 million in the first quarter of 2021. Non-GAAP Net Loss from continuing operations⁽³⁾⁽⁴⁾was RMB359.2 million (US$56.7 million), compared to RMB169.7 million in the first quarter of 2021.
Diluted loss per ADS⁽⁵⁾ from continuing operations was negative RMB4.60 (US$0.73), compared to negative RMB2.40 in the first quarter of 2021. Non-GAAP diluted loss per ADS⁽³⁾⁽⁴⁾ from continuing operations was negative RMB4.33 (US$0.68), compared to negative RMB2.12 in the first quarter of 2021.
EBITDA⁽⁶⁾ from continuing operations was negative RMB315.3 million (US$49.7 million), compared to negative RMB120.0 million in the first quarter of 2021. Adjusted EBITDA⁽³⁾⁽⁵⁾from continuing operations was negative RMB294.6 million (US$46.5 million), compared to negative RMB98.5 million in the first quarter of 2021.

BUSINESS HIGHLIGHTS⁽⁷⁾

BEST Freight – In the first quarter of 2022, the Company remained focused on developing its e-commerce related business, which contributed 22.2% of total volume during the quarter, up 5.6 ppts YOY. The logistics industry has been significantly affected by the resurgences of the pandemic. Freight’s volume decreased by 13.5% YOY, as parts of its operations, particularly some of its transportation fleet, hubs and sortation centers, have been restricted due to the pandemic.

Freight continued to implement measures to strengthen its network coverage and service quality including automation in certain major sortation centers and expansion of franchise network. These efforts have delivered immediate results. In the first quarter, Freight’s on-time delivery rate improved by 14.0% YOY.

BEST UCargo’s operations and financial results are now consolidated with BEST Freight.

BEST Supply Chain Management – During the first quarter of 2022, the Company continued to grow its B2B2C fulfillment network and distribution capabilities (“Cloud OFCs”) while prioritizing higher-margin accounts. Due to discontinuation of certain low-margin legacy customers, the total number of orders fulfilled by Cloud OFCs decreased 13.3% YOY to 87.3 million in the first quarter, of which the total number of orders fulfilled by franchised Cloud OFCs increased by 2.4% to 54.1 million. Supply Chain Management’s gross margin for the first quarter of 2022 was 4.3%, decreased by 1.1 ppts YOY, primarily due to restrictions on certain warehouses caused by the pandemic.

BEST Global – Despite the ongoing pandemic and disruption in its supply chains, Global continued to expand its market share in SEA. Its parcel volume reached 38.4 million in the first quarter of 2022, up 24.5% YOY. Parcel volumes in Vietnam, Malaysia and Singapore, increased by 67.7%, 67.6% and 72.0%, respectively. In addition to the positive development in SEA, U.S. operations reached breakeven last year and continued to be profitable in the first quarter of 2022.

Others

As part of its strategic refocusing plan, the Company continued to wind down its Capital business line in the first quarter of 2022.

Key Operational Metrics

	Three Months Ended			% Change YOY
	March 31, 2020	March 31, 2021	March 31, 2022	2021 vs 2020	2022 vs 2021

Freight Volume (Tonne in ‘000)	1,074	1,945	1,683	81.0%	(13.5%)
Supply Chain Management Orders Fulfilled (in ‘000)	83,596	100,784	87,347	20.6%	(13.3%)
Global Parcel Volume in SEA (in ‘000)	8,840	30,841	38,390	248.9%	24.5%

FINANCIAL RESULTS⁽⁸⁾

For the First Quarter Ended March 31, 2022:

Revenue

The following table sets forth a breakdown of revenue by business segment for the periods indicated.

Table 1 – Breakdown of Revenue by Business Segment

	Three Months Ended
	March 31, 2021		March 31, 2022
(In ‘000, except for %)	RMB	% of Revenue	RMB	US$	% of Revenue	% Change YOY
Total Freight	2,043,186	73.4%	1,092,814	172,387	60.6%	(46.5%)
*-Freight*	1,174,493	42.2%	1,073,460	169,334	59.6%	(8.6%)
*-Legacy UCargo*	868,693	31.2%	19,354	3,053	1.0%	(97.8%)
Supply Chain Management	447,661	16.1%	408,962	64,512	22.7%	(8.6%)
Global	250,422	9.0%	268,709	42,388	14.9%	7.3%
Others⁽⁹⁾	42,290	1.5%	32,100	5,064	1.8%	(24.1%)
Total Revenue	2,783,559	100.0%	1,802,585	284,351	100.0%	(35.2%)

Freight Service Revenue was RMB1,092.8 million (US$172.4million) for the first quarter of 2022, compared with RMB2,043.2 million in the same period of last year; of which, RMB19.4 million and RMB868.7 million were from the legacy UCargo business line. Freight service revenue excluding legacy UCargo business decreased by 8.6% YOY resulting from a 13.5% decrease in freight volume, partially offset by a 4.5% increase in ASP per tonne.
Supply Chain Management Service Revenue decreased by 8.6% YOY to RMB409.0 million (US$64.5 million) for the first quarter of 2022 from RMB447.7million in the same period of last year, primarily due to discontinuation of certain low-margin legacy accounts.
Global Service Revenue increased by 7.3% YOY to RMB268.7 million (US$42.4 million) for the first quarter of 2022 from RMB250.4 million in the same period of last year, primarily due to parcel volume growth in SEA.

Cost of Revenue

The following table sets forth a breakdown of cost of revenue by business segment for the periods indicated.

Table 2 – Breakdown of Cost of Revenue by Business Segment

	Three Months Ended					% of Revenue Change YOY
	March 31, 2021		March 31, 2022
(In ‘000, except for %)	RMB	% of Revenue	RMB	US$	% of Revenue
Total Freight	(2,029,952)	99.4%	(1,170,314)	(184,612)	107.1%	7.7ppt
*-Freight*	(1,173,930)	100.0%	(1,144,613)	(180,558)	106.6%	*6.6ppt*
*-Legacy UCargo*	(856,022)	98.5%	(25,701)	(4,054)	132.8%	*34.3ppt*
Supply Chain Management	(423,506)	94.6%	(391,207)	(61,711)	95.7%	1.1ppt
Global	(265,102)	105.9%	(285,678)	(45,065)	106.3%	0.4ppt
Others	(13,307)	31.5%	(32,225)	(5,083)	100.4%	68.9ppt
Total Cost of Revenue	(2,731,867)	98.1%	(1,879,424)	(296,471)	104.3%	6.2ppt

Cost of Revenue for Freight excluding legacy UCargo business was RMB1,144.6 million or 106.6% of revenue in the first quarter of 2022. The 6.6 ppts increase YOY in cost of revenue as a percentage of revenue was mainly due to higher fuel cost and additional costs caused by the pandemic.
Cost of Revenue for Supply Chain Management was RMB391.2 million or 95.7% of revenue in the first quarter of 2022. The 1.1 ppts increase YOY in cost of revenue as a percentage of revenue was primarily due to restrictions on certain warehouses caused by the pandemic.
Cost of Revenue for Global was RMB285.7 million or 106.3% of revenue in the first quarter of 2022. The 0.4 ppts increase YOY in cost of revenue as a percentage of revenue was primarily due to additional costs caused by the pandemic and higher fuel cost; partially offset by increased parcel volume.
Cost of Revenue for Others was RMB 32.2 million or 100.4% of revenue in the first quarter of 2022. The 68.9 ppts increase YOY in cost revenue as percentage of revenue was primarily due to winding down of BEST Capital business line.

Gross Loss was RMB76.8 million (US$12.1 million) in the first quarter of 2022, compared to gross profit of RMB51.7 million in the first quarter of 2021; Gross Margin was negative 4.3%, compared to positive 1.9% in the first quarter of 2021.

Operating Expenses

Selling, General and Administrative Expenses were RMB255.0 million (US$40.2 million) or 14.1% of revenue in the first quarter of 2022, compared to RMB249.8 million or 9.0% of revenue in the first quarter of 2021, primarily due to the expenses associated with winding down the Capital business.

Research and Development Expenses were RMB33.2million (US$5.2 million) or 1.8% of revenue in the first quarter of 2022, compared to RMB40.1 million, or 1.4% of revenue in the first quarter of 2021, primarily due to reduced headcount.

Share-based Compensation (“SBC”) Expenses included in the cost and expense items above were RMB20.7 million (US$3.3 million) in the first quarter of 2022, compared to RMB27.1 million in the first quarter of 2021. In the first quarter of 2022, RMB0.05 million (US$0.01 million) was allocated to cost of revenue, RMB1.2 million (US$0.2 million) was allocated to selling expenses, RMB18.2 million (US$2.9 million) was allocated to general and administrative expenses, and RMB1.3 million (US$0.2 million) was allocated to research and development expenses.

Net Loss and Non-GAAP Net Loss from continuing operations

Net Loss from continuing operations in the first quarter of 2022 was RMB379.9 million (US$59.9 million), compared to RMB191.2 million in the first quarter of 2021. Excluding SBC expenses, amortization of intangible assets resulting from business acquisitions and gain from appreciation of investment, Non-GAAP Net Loss from continuing operations in the first quarter of 2022 was RMB359.2 million (US$56.7 million), compared to RMB169.7 million in the first quarter of 2021.

Diluted loss per ADS and Non-GAAP diluted loss per ADS from continuing operations

Diluted loss per ADS from continuing operations in the first quarter of 2022 was negative RMB4.60 (US$0.73), compared to negative RMB2.4 in the same period of 2021. Excluding SBC expenses, amortization of intangible assets resulting from business acquisitions and gain from appreciation of investment, Non-GAAP diluted loss per ADS from continuing operations in the first quarter of 2022 was negative RMB4.33 (US$0.68), compared to negative RMB2.12 in the first quarter of 2021. A reconciliation of non-GAAP diluted loss per ADS to diluted loss per ADS is included at the end of this results announcement.

Adjusted EBITDA and Adjusted EBITDA Margin from continuing operations

Adjusted EBITDA from continuing operations in the first quarter of 2022 was negative RMB294.6 million (US$46.5million), compared to negative RMB98.5million in the same period of 2021. Adjusted EBITDA Margin from continuing operations in the first quarter of 2022 was negative 16.3%, compared to negative 3.5% in the same period of 2021.

Cash and Cash Equivalents, Restricted Cash and Short-term Investments

As of March 31, 2022, cash and cash equivalents, restricted cash and short-term investments were RMB5,261.1 million (US$829.9 million), compared to RMB3,389.0 million as of March 31, 2021.

Net Cash Used In Continuing Operating Activities

Net cash used in continuing operating activities in the first quarter of 2022 was RMB304.1 million (US$48.0 million), compared to RMB47.9 million of net cash generated from continuing operating activities in the same period of 2021. The increase in net cash used in operating activities was mainly due to the increased net loss and catch-up payments to vendors in the first quarter of 2022.

Capital Expenditures (“CAPEX”)

CAPEX was RMB49.1 million (US$7.7 million), or 2.7% of total revenue in the first quarter ended March 31, 2022, compared to CAPEX of RMB74.7 million, or 2.7% of total revenue, in the same period of 2021.

SHARES OUTSTANDING

As of May 31, 2022, the Company had approximately 392.5 million ordinary shares outstanding⁽¹⁰⁾. Each American Depositary Share represents five (5) Class A ordinary shares.

As previously announced, effective from May 20, 2022, the Company has changed the ratio of its American Depositary Shares to its Class A ordinary shares, par value US$0.01 per share, from the original ADS ratio of one (1) ADS to one (1) Class A ordinary share, to a new ADS ratio of one (1) ADS to five (5) Class A ordinary shares.

FINANCIAL GUIDANCE

Due to the uncertainties relating to the COVID-19 pandemic, the Company renounces, and does not affirm, its previous financial guidance given in its results announcement dated March 8, 2022. Accordingly, the Company is not providing any financial guidance or revenue outlook at this time. We are driving each of our business units toward a speedy recovery as the COVID-19 pandemic eases.

WEBCAST AND CONFERENCE CALL INFORMATION

The Company will hold a conference call at 9:00 pm U.S. Eastern Time on June 8, 2022 (9:00 am Beijing Time on June 9, 2022), to discuss its financial results and operating performance for the first quarter of 2022.

Participants may access the call by dialing the following numbers:

United States: +1-888-317-6003
Hong Kong: 800-963976 or +852-5808-1995
Mainland China: 4001-206115
International: +1-412-317-6061
Participant Elite Entry Number: 6408443

A replay of the conference call will be accessible through June 15, 2022 by dialing the following numbers:

United States: +1-877-344-7529
International: +1-412-317-0088
Replay Access Code: 2605618

Please visit the Company’s investor relations website to view the earnings release prior to the conference call. A live and archived webcast of the conference call and a corporate presentation will be available at the same site.

ABOUT BEST INC.

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

For investor and media inquiries, please contact:

BEST Inc.
Investor relations team
ir@best-inc.com

The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
E-mail: best@tpg-ir.com

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail:  best@tpg-ir.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,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as BEST’s strategic and operational plans, contain forward-looking statements. BEST may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about BEST’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: BEST’s goals and strategies; BEST’s future business development, results of operations and financial condition; BEST’s ability to maintain and enhance its ecosystem; BEST’s ability to compete effectively; BEST’s ability to continue to innovate, meet evolving market trends, adapt to changing customer demands and maintain its culture of innovation; fluctuations in general economic and business conditions in China and other countries in which BEST operates, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in BEST’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and BEST does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

USE OF NON-GAAP FINANCIAL MEASURES

In evaluating its business, BEST considers and uses non-GAAP measures, such as non-GAAP net loss/income, non-GAAP net loss/profit margin, adjusted EBITDA, adjusted EBITDA margin, EBITDA, and non-GAAP Diluted earnings/loss per ADS, as supplemental measures in the evaluation of the Company’s operating results and in the Company’s financial and operational decision-making. The Company believes these non-GAAP financial measures that help identify underlying trends in the Company’s business that could otherwise be distorted by the effect of the expenses and gains that the Company includes in loss from operations and net loss. The Company believes that these non-GAAP financial measures provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of Non-GAAP Measures to the Nearest Comparable GAAP Measures” in the results announcement.

The non-GAAP financial measures are provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors’ overall understanding of the Company’s current financial performance and prospects for the future. These non-GAAP financial measures should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for, or superior to, U.S. GAAP results. In addition, the Company’s calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.

Summary of Unaudited Condensed Consolidated Income Statements
(In Thousands)



	Three Months Ended March 31,
	2021	2022
	RMB	RMB	US$
Revenue
Freight	2,043,186	1,092,814	172,387
-Freight	1,174,493	1,073,460	169,334
-Legacy UCargo	868,693	19,354	3,053
Supply Chain Management	447,661	408,962	64,512
Global	250,422	268,709	42,388
Others	42,290	32,100	5,064
Total Revenue	2,783,559	1,802,585	284,351
Cost of Revenue
Freight	(2,029,952)	(1,170,314)	(184,612)
Supply Chain Management	(423,506)	(391,207)	(61,711)
Global	(265,102)	(285,678)	(45,065)
Others	(13,307)	(32,225)	(5,083)
Total Cost of Revenue	(2,731,867)	(1,879,424)	(296,471)
Gross Profit/(Loss)	51,692	(76,839)	(12,120)
Selling Expenses	(55,081)	(54,926)	(8,664)
General and Administrative Expenses	(194,680)	(200,054)⁽¹¹⁾	(31,558)
Research and Development Expenses	(40,065)	(33,175)	(5,233)
Other operating income/(expense), net	41,718	2,640	416
Loss from Operations	(196,416)	(362,354)	(57,159)
Interest Income	11,707	15,618	2,464
Interest Expense	(35,512)	(26,422)	(4,168)
Foreign Exchange Gain	800	4,845	764
Other Income	40,735	16,109	2,541
Other Expense	(8,242)	(27,476)	(4,334)
Loss before Income Tax and Share of Net Loss of Equity Investees	(186,928)	(379,680)	(59,892)
Income Tax Expense	(4,290)	(219)	(35)
Loss before Share of Net loss of Equity Investees	(191,218)	(379,899)	(59,927)
Share of Net Loss of Equity Investees	–	–	–
Net Loss from continuing operations	(191,218)	(379,899)	(59,927)
Net loss from discontinued operations	(427,087)	(284)	(45)
Net Loss	(618,305)	(380,183)	(59,972)
Net loss attributable to non- controlling interests	(5,410)	(20,878)	(3,293)
Net Loss attributable to BEST Inc.	(612,895)	(359,305)	(56,679)

Summary of Unaudited Condensed Consolidated Balance Sheets
(in thousands)


		As of December 31,2021	As of March 31, 2022
	RMB		RMB	US$
Assets
Current Assets
Cash and Cash Equivalents	3,571,745		2,053,610	323,949
Restricted Cash	675,159		599,920	94,635
Accounts and Notes Receivables	827,631		752,397	118,690
Inventories	25,622		24,295	3,832
Prepayments and Other Current Assets	1,172,472		1,013,868	159,933
Short‑term Investments	147,359		1,297,440	204,666
Amounts Due from Related Parties	125,198		97,585	15,394
Lease Rental Receivables	298,364		223,073	35,189
Total Current Assets	6,843,550		6,062,188	956,288
Non‑current Assets
Property and Equipment, Net	762,642		748,443	118,064
Intangible Assets, Net	55,684		59,273	9,350
Long‑term Investments	219,171		189,171	29,841
Goodwill	54,135		54,135	8,540
Non‑current Deposits	92,866		83,257	13,133
Other Non‑current Assets	111,640		83,478	13,168
Restricted Cash	1,069,244		1,310,141	206,670
Lease Rental Receivables	235,429		168,478	26,577
Operating Lease Right-of-use Assets	1,899,522		1,785,192	281,607
Total non‑current Assets	4,500,333		4,481,568	706,950
Total Assets	11,343,883		10,543,756	1,663,238
Liabilities and Shareholders’ Equity
Current Liabilities
Long-term borrowings-current	287,814		239,382	37,762
Convertible Senior Notes held by related parties	633,475		632,259	99,736
Convertible Senior Notes held by third parties	633,475		632,259	99,736
Short‑term Bank Loans	530,495		410,156	64,701
Accounts and Notes Payable	1,353,150		1,373,396	216,648
Income Tax Payable	587		350	55
Customer Advances and Deposits and Deferred Revenue	298,353		292,141	46,084
Accrued Expenses and Other Liabilities	1,591,639		1,387,461	218,867
Financing Lease Liabilities	1,851		1,699	268
Operating Lease Liabilities	518,248		493,438	77,838
Amounts Due to Related Parties	2,763		11,430	1,803
Total Current Liabilities	5,851,850		5,473,971	863,498

Summary of Unaudited Condensed Consolidated Balance Sheets (Cont’d)
(In Thousands)


	As of December 31, 2021	As of March 31, 2022
	RMB	RMB	US$
Non-current Liabilities
Convertible senior notes held by related parties	955,097	951,467	150,090
Long-term borrowings	67,080	32,702	5,159
Operating Lease Liabilities	1,456,843	1,374,940	216,891
Financing Lease Liabilities	2,121	2,104	332
Other Non‑current Liabilities	24,261	25,034	3,949
Long-term Bank Loans	769,767	841,231	132,701
Total Non‑current Liabilities	3,275,169	3,227,478	509,122
Total Liabilities	9,127,019	8,701,449	1,372,620
Mezzanine Equity:
Convertible Non-controlling Interests	191,865	191,865	30,266
Total mezzanine equity	191,865	191,865	30,266
Shareholders’ Equity
Ordinary Shares	25,988	25,988	4,100
Treasury Shares	(113,031)	(28,824)	(4,547)
Additional Paid‑In Capital	19,522,173	19,457,107	3,069,284
Statutory reserves	167	–	–
Accumulated Deficit	(17,471,716)	(17,843,712)⁽¹²⁾	(2,814,776)
Accumulated Other Comprehensive Income	107,379	93,050	14,678
BEST Inc. Shareholders’ Equity	2,070,960	1,703,609	268,739
Non-controlling Interests	(45,961)	(53,167)	(8,387)
Total Shareholders’ Equity	2,024,999	1,650,442	260,352
Total Liabilities, Mezzanine Equity and Shareholders’ Equity	11,343,883	10,543,756	1,663,238

Summary of Unaudited Condensed Consolidated Statements of Cash Flows
(In Thousands)


	Three Months Ended March 31,
	2021	2022
	RMB	RMB	US$
Net cash generated from/(used in) continuing operating activities	47,887	(304,096)	(47,970)
Net cash used in discontinued operating activities	(705,838)	–	–
Net cash used in operating activities	(657,951)	(304,096)	(47,970)
Net cash generated from/(used in) continuing investing activities	150,074	(879,542)	(138,744)
Net cash used in discontinued Investing activities	(127,278)	–	–
Net cash generated from/(used in) investing activities	22,796	(879,542)	(138,744)
Net cash generated from/(used in) continuing financing activities	274,100	(145,284)	(22,918)
Net cash used in discontinued financing activities	(172,653)	–	–
Net cash generated from/(used in) financing activities	101,447	(145,284)	(22,918)
Exchange Rate Effect on Cash and Cash Equivalents, and Restricted Cash	6,716	(23,555)	(3,716)
Net decrease in Cash and Cash Equivalents, and Restricted Cash	(526,992)	(1,352,477)	(213,348)
Cash and Cash Equivalents, and Restricted Cash at Beginning of Period	4,209,121	5,316,148	838,602
Cash and Cash Equivalents, and Restricted Cash at End of Period	3,682,129	3,963,671	625,254
Less: Cash and Cash Equivalents, and Restricted Cash held for sales at end of the Period	588,824	–	–
Cash and Cash Equivalents, and Restricted Cash from continuing operations at End of Period	3,093,305	3,963,671	625,254

RECONCILIATIONS OF NON-GAAP MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES

For the Company’s continuing operations, the table below sets forth a reconciliation of the Company’s net (loss)/income to EBITDA, adjusted EBITDA and adjusted EBITDA margin for the periods indicated:

Table 4 – Reconciliation of EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin

Three Months Ended March31, 2022

(In RMB’000)

Freight

Supply Chain

Global

Others

Unallocated⁽¹³⁾

Total

Net Loss

(173,111)

(20,768)

(70,976)

(57,376)

(57,668)

(379,899)

Add

Depreciation &
Amortization

20,257

10,484

5,110

13,317

4,391

53,559

Interest Expense

–

26,422

Income Tax Expense

–

189

–

219

Subtract

Interest Income

–

(15,618)

EBITDA

(152,854)

(10,272)

(65,848)

(43,870)

(42,473)

(315,317)

Add

Share-based

2,953

1,822

2,428

143

13,337

20,683

Compensation
Expenses

Adjusted EBITDA

(149,901)

(8,450)

(63,420)

(43,727)

(29,136)

(294,634)

Adjusted EBITDA
Margin

(13.7%)

(2.1%)

（23.6%)

(136.2%)

–

(16.3%)

Three Months Ended March 31, 2021

(In RMB’000)

Freight

Supply Chain

Global

Others

Unallocated⁽¹⁴⁾

Total

Net (Loss)/Income

(57,629)

(11,965)

(58,244)

5,296

(68,676)

(191,218)

Add

Depreciation &
Amortization

21,597

10,227

4,174

343

6,767

43,108

Interest Expense

–

35,512

Income Tax Expense

–

4,281

–

4,290

Subtract

Interest Income

–

(11,707)

EBITDA

(36,032)

(1,729)

(54,070)

9,920

(38,104)

(120,015)

Add

Share-based

3,162

1,896

2,150

146

19,704

27,058

Compensation
Expenses

Subtract

Gain from
appreciation of
investments

–

(5,562)

Adjusted EBITDA

(32,870)

167

(51,920)

10,066

(23,962)

(98,519)

Adjusted EBITDA
Margin

(1.6%)

0.0%

(20.7%)

23.8%

–

(3.5%)

For the Company’s continuing operations, the table below sets forth a reconciliation of the Company’s net (loss)/income to non-GAAP net Income/(loss), non-GAAP net Income/(loss) margin for the periods indicated:

Table 5 – Reconciliation of Non-GAAP Net (Loss)/Income and Non-GAAP Net (Loss)/Income Margin

	Three Months Ended March 31, 2022
(In RMB’000)	Freight	Supply Chain	Global	Others	Unallocated⁽¹⁵⁾	Total
Net Loss	(173,111)	(20,768)	(70,976)	(57,376)	(57,668)	(379,899)
Add
Share-based Compensation Expenses	2,953	1,822	2,428	143	13,337	20,683
Non-GAAP Net Loss	(170,158)	(18,946)	(68,548)	(57,233)	(44,331)	(359,216)
Non-GAAP Net Loss Margin	(15.6%)	(4.6%)	(25.5%)	(178.3%)	–	(19.9%)

	Three Months Ended March 31, 2021
(In RMB’000)	Freight	Supply Chain	Global	Others	Unallocated⁽¹⁶⁾	Total
Net (Loss)/Income	(57,629)	(11,965)	(58,244)	5,296	(68,676)	(191,218)
Add
Share-based Compensation Expenses	3,162	1,896	2,150	146	19,704	27,058
Subtract
Gain from appreciation of investments	–	–	–	–	(5,562)	(5,562)
Non-GAAP Net (Loss)/Income	(54,467)	(10,069)	(56,094)	5,442	(54,534)	(169,722)
*Non-GAAP Net* *(Loss)/Income* Margin**	(2.7%)	(2.2%)	(22.4%)	12.9%	–	(6.1%)

For the Company’s continuing operations, the table below sets forth a reconciliation of the Company’s diluted loss per ADS to Non-GAAP diluted loss per ADS for the periods indicated:

Table 6 – Reconciliation of diluted loss per ADS and Non-GAAP diluted loss per ADS

	Three Months Ended March 31,
	2022
(In ‘000)	RMB	US$
Net Loss Attributable to Ordinary Shareholders	(359,021)	(56,634)
Add
Share-based Compensation Expenses	20,683	3,263
Non-GAAP Net Loss Attributable to Ordinary Shareholders	(338,338)	(53,371)
Weighted Average Diluted Ordinary Shares Outstanding During the Quarter
Diluted	390,274,553	390,274,553
Diluted (Non-GAAP)	390,274,553	390,274,553
Diluted loss per ordinary share	(0.92)	(0.15)
Add
Non-GAAP adjustment to net loss per ordinary share	0.05	0.01
Non-GAAP diluted loss per ordinary share	(0.87)	(0.14)

Diluted loss per ADS	(4.60)	(0.73)
Add
Non-GAAP adjustment to net loss per ADS	0.27	0.05
Non-GAAP diluted loss per ADS	(4.33)	(0.68)

⁽¹⁾All numbers presented have been rounded to the nearest integer, tenth, or hundredth, and year-over-year comparisons are based on figures before rounding.

⁽²⁾In December 2021, BEST sold its China express business, the principal terms of which were previously announced. As a result, China express business has been deconsolidated from the Company and its historical financial results are reflected in the Company’s consolidated financial statements as discontinued operations accordingly. The financial information and non-GAAP financial information disclosed in this press release is presented on a continuing operations basis, unless otherwise specifically stated.

⁽³⁾ Non-GAAP net income/loss represents net income/loss excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, and fair value change of equity investments (if any).

⁽⁴⁾See the sections entitled “Use of Non-GAAP Financial Measures” and “Reconciliations of Non-GAAP Measures to the Nearest Comparable GAAP Measures” for more information about the non-GAAP measures referred to within this results announcement.

⁽⁵⁾ Diluted earnings/loss per ADS, is calculated by dividing net income/loss attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares expressed in ADS outstanding during the period.

⁽⁶⁾ EBITDA represents net loss excluding depreciation, amortization, interest expense and income tax expense and minus interest income. Adjusted EBITDA represents EBITDA excluding share-based compensation expenses and fair value change of equity investments (if any).

⁽⁷⁾ All numbers presented have been rounded to the nearest integer, tenth, or hundredth, and year-over-year comparisons are based on figures before rounding.

⁽⁸⁾ All numbers represented the financial results from continuing operations, unless otherwise stated.

⁽⁹⁾ “Others” Segment primarily represents Capital business units. Results from UCargo’s legacy contracts with external customers are now reported under “Freight” segment and prior period segment information were retrospectively revised to conform to current period presentation.

⁽¹⁰⁾ The total number of shares outstanding excludes shares reserved for future issuances upon exercise or vesting of awards granted under the Company’s share incentive plans.

⁽¹¹⁾ Including additional expenses associated with winding down the Capital business line of RMB28,005.

⁽¹²⁾ Including accumulated accretion to redemption value and deemed dividend in relation to redeemable convertible preferred shares of RMB9,493,807, and accumulated loss from operations of RMB8,349,905.

⁽¹³⁾ Unallocated expenses are primarily related to corporate administrative expenses and other miscellaneous items that are not allocated to individual segments.

⁽¹⁴⁾ Unallocated expenses are primarily related to corporate administrative expenses and other miscellaneous items that are not allocated to individual segments.

⁽¹⁵⁾ Unallocated expenses are primarily related to corporate administrative expenses and other miscellaneous items that are not allocated to individual segments.

⁽¹⁶⁾ Unallocated expenses are primarily related to corporate administrative expenses and other miscellaneous items that are not allocated to individual segments.

View original content to download multimedia:https://www.prnewswire.com/news-releases/best-inc-announces-unaudited-first-quarter-2022-financial-results-301564167.html

Source: BEST Inc.

PR Newswire

New app from Health in Transportation & NuraLogix allows drivers to perform CDL health checks that target hypertension and type-2 diabetes.

June 8, 2022 TechENT Syndication Leave a comment

DETROIT, June 8, 2022 /PRNewswire/ — Professional drivers, working both in mass transit and in trucking, are now able to access a 30-second CDL health check that focuses on the dangers of hypertension and type-2 diabetes by utilizing a new smartphone app from Health in Transportation and NuraLogix.

New app from Health in Transportation & NuraLogix allows drivers to perform CDL health checks that target hypertension and type-2 diabetes.

This app, called the CDL Health Scanner, allows drivers to quickly scan key vitals using either an iPhone or Android device. It is a unique, driver-centric system that relies on the revolutionary Anura technology to measure Blood Pressure (BP) using transdermal optical imaging delivered via a smartphone camera. When combined with the user’s Body Mass Index (BMI) data, the risk-factors for hypertension, type-2 diabetes, and even obstructive sleep apnea (OSA), the bane of over-the-road truckers, come into clear focus.

The Background

In a situation in which the industry is experiencing a shortage of close to 100,000 drivers – and when putting a new driver behind the wheel involves five-figure expense for the carrier – reducing the number of medical disqualifications that result from a Department of Transportation physical is the top priority. Close to 80% of those disqualifications are caused by high BP, dangerous blood-sugar levels and OSA, and this app not only warns drivers that they are in dangerous territory, it also links them to specialty health coaches who can guide lifestyle changes that will transform their health situation.

The principals of Health in Transportation have a proven track record, over several decades, of finding realistic ways for drivers to improve their health, despite the massive difficulties that life on the road creates. The CDL Health Scanner is the culmination of that work and their greatest achievement. It promises to protect the lives and livelihoods of hundreds of thousands of professional drivers whose life-expectancies are years less than their contemporaries. Fleets benefit too by reducing driver-replacement costs, while providing savings in their self-financed health insurance programs.

The Partnership

It would be impossible for Health in Transportation to offer this valuable tool to the transportation sector without the incredible breakthrough that the Anura technology represents. Just as important, by opting to partner with Health in Transportation, NuraLogix has ensured that this product can be supplied to drivers for only a few cents a day. The mark of true innovation is its ability to impact the lives of millions and this app is the first step towards doing just that.

Of course, the CDL Health Scanner app utilizes only a portion of the monitoring capability that NuraLogix is equipped to provide. However, getting Anura into the hands of hundreds of thousands of professional drivers will generate a wealth of data that can only enhance the Anura platform when, as will inevitably be the case, this type of non-intrusive health monitoring becomes the norm for in-car information systems. Truck drivers, many of whom drive vehicles that include interior cameras that monitor their situational awareness and other performance metrics, are the perfect population to help propel this concept into the mainstream.

About Health in Transportation

This truly unique app – patent pending – was first envisioned by Bob Perry, President of Health in Transportation, a company that provides innovative and practical Health & Wellness solutions for professional drivers in trucking and mass transit. For forty years, their programs have helped thousands of drivers avoid medical disqualification with unique coaching mechanisms that drivers utilize on the road to upgrade their health status. Consequently, health insurance carriers such as Cigna have often availed themselves of the company’s services in their ongoing efforts to boost preventative care.

Known as ‘The Trucker Trainer’ by professional drivers nationwide, Bob Perry brings a very distinctive perspective to the transportation industry and its over-the-road drivers. Bob comes from a family of professional drivers and has played a critical role in the paradigm shift of regulatory agencies – both private and public sector entities – and consumers towards understanding the driver-health challenge.

Health in Transportation has experienced successful working relationships in the past with industry giants such as Covenant Transport, Greyhound, Sherwin Williams, and R+L Carriers, as well as with top OEM Daimler.

About AutoTech Detroit

The CDL Health Scanner app was launched today at AutoTech Detroit, which brings together the full automotive tech industry to immerse attendees in the future of automotive, by showcasing the newest tech and the latest vehicles.

About NuraLogix

The Anura technology powering the application comes from NuraLogix, the Toronto-based pioneers of the world’s first contactless blood pressure and vital sign measurement platform. The NuraLogix technology uses their patented Transdermal Optical Imaging (TOI™) in which a conventional video camera is used to extract facial blood flow information from the face. NuraLogix’s Anura technology is based on extensive peer-reviewed research and clinical studies, differentiating them from their competitors. NuraLogix has conducted multiple clinical studies and published research in many notable publications such as Frontiers in Psychology, Scientific Reports, and the Journal of Natural Sciences (JNS). NuraLogix currently holds 11 patents, with more pending. Their impressive client roster includes Japanese systems integration leader NTT Data; Sanitas, the second largest medical insurance company in Spain; and Lafiya Telehealth, a Nigerian-based health telehealth platform which provides 24/7 virtual healthcare services to residents in remote and rural areas.

To Learn More:

Visit our website:
Health in Transportation- https://healthintransportation.com/
NuraLogix –https://www.nuralogix.ai/

Disclaimers:

Note: In the United States, this product is for Investigational Use only. The performance characteristics of this product have not been established.

For more Information: Chris Lin, Chief Marketing Officer, ChrisLin@nuralogix.ai, Tel: 437-928-2666; Bob Perry, President of Health in Transportation, bob@healthintransportation.com, Tel: 602-692-2734

PR Newswire

SIGNATURE KITCHEN SUITE PRESENTS VALUE OF ‘TRUE TO FOOD’ PHILOSOPHY IN MILAN

June 8, 2022 TechENT Syndication Leave a comment

Ultra-Premium Built-in Brand’s Innovation with a Passion for Food

SEOUL, South Korea, June 8, 2022 /PRNewswire/ — LG Electronics (LG) is set to hold a series of sophisticated events at the Signature Kitchen Suite Showroom in Piazaa Cavour, Milan, during this year’s Milan Design Week 2022.

LG Electronics (LG) is set to hold a series of events at the Signature Kitchen Suite Showroom in Piazza Cavour, Milan, during Milan Design Week 2022.

During Milan Design Week 2022, an architect and illustrator, Carlo Stanga showcases his work of art at the Signature Kitchen Suite Showroom in Piazza Cavour, Milan.

Product line-ups including 18-inch and 24-inch Column Wine Cellars from LG’s ultra-premium built-in kitchen appliance brand Signature Kitchen Suite are showcased in the Signature Kitchen Suite Showroom in Piazza Cavour, Milan.

Open since 2020, the showroom presents the luxurious offerings of Signature Kitchen Suite, a brand that is creating new trends in built-in kitchen appliances. Admired throughout Europe, the home of built-in appliances, LG’s luxurious built-in kitchen solutions combine the company’s innovative technologies and passion for food to deliver precise cooking and food preservation as well as next-level style and convenience.

The ultra-premium brand’s showroom resembles an elegant, modern art gallery where tradition and innovation come together in effortless harmony. Perfectly complementing the understated design of Signature Kitchen Suite’s advanced appliances is a nature-inspired décor by Calvi Brambilla, one of Milan’s most esteemed interior design studios. Visitors can see and experience for themselves the unique value of Signature Kitchen Suite and LG’s home appliances by exploring the showroom’s Food Academy and curated domestic spaces, including the kitchen, living room, bedroom and laundry room.

During Milan Design Week 2022, the showroom will demonstrate the true value of Signature Kitchen Suite products through the True to Food™ Itinerary event – which shows consumers the benefits of a True to Nature lifestyle, where ingredients are kept nature-fresh by LG’s latest technologies. Also on offer are cookery courses hosted by Signature Kitchen Suite’s food experience director, the noted chef, Andrea Vigna, and storytelling by architect, illustrator and author, Carlo Stanga, as well as appearances by well-known artists and furniture designers. Providing a variety of delicious experiences, the showroom’s events convey the importance of proper food storage and preparation, and the passion and dedication Signature Kitchen Suite has for sharing its True to Food philosophy.

“Visitors to our showroom this Milan Design Week will experience the unmatched value and artistry of our ultra-premium brand appliances, and see for themselves how we remain true to creating a better life in all areas of the home,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company. “We will continue to expand our portfolio of built-in appliances for the European market with high-tech, well-designed products that meet the needs and expectations of the most discerning consumers.”

For more information on the Signature Kitchen Suite Showroom in Milan, visit www.signaturekitchensuite.it/it_en/.

About LG Electronics Home Appliance & Air Solution Company

The LG Home Appliance & Air Solution Company is a leader in home appliances, smart home solutions, air solutions as well as visionary products featuring LG ThinQ AI. The company is creating various solutions with its industry leading core technolglobal ogies and is committed to making life better and healthier for consumers by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and compelling health benefits. For more news on LG, visit www.LGnewsroom.com.

Source: LG Electronics, Inc.

techENT

Monthly Archives: June 2022

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New app from Health in Transportation & NuraLogix allows drivers to perform CDL health checks that target hypertension and type-2 diabetes.

SIGNATURE KITCHEN SUITE PRESENTS VALUE OF ‘TRUE TO FOOD’ PHILOSOPHY IN MILAN

Tech Your Way