Huawei: Advanced Connectivity, Boost Growth

October 28, 2022 TechENT Syndication Leave a comment

BANGKOK, Oct. 28, 2022 /PRNewswire/ — During UBBF 2022, Mr. Simon Lin, Senior Vice President of Huawei and President of Huawei Asia-Pacific Region, delivered a keynote speech entitled “Advanced Connectivity, Boost Growth”. In the speech, he set out a roadmap for how operators can unleash the full value of connections in home and enterprise scenarios and how green networks can underpin the green development of various industries.

Simon Lin, Senior Vice President of Huawei and President of Huawei Asia-Pacific Region

Home setting: A smart home entry is built for gigabit broadband connections to achieve business monetization in home connection scenarios.

The upgrade of home networks and emergence of new services such as live streaming at home pose new requirements on gigabit broadband. Coupled with gigabit broadband, new services can provide users with diversified experiences, create new home network business models for operators, and enable connection monetization. Simon Lin introduced three ways to monetize home network connections:

Gigabit to Home: Fast and large-scale deployment of optical fibers lays the foundation for operators to build a positive business cycle. Deploying optical fibers on a large scale can effectively reduce the cost per line and enable operators to launch gigabit services with higher average revenue per user (ARPU).
Gigabit to Room: Huawei’s fiber to the room (FTTR) all-optical solution effectively addresses the challenge that only 100 Mbps bandwidth is available upon the subscription of gigabit to home, ensuring gigabit connections in each room. This solution also provides remote home network configuration and O&M capabilities to reduce operators’ maintenance costs by more than 50%. Good network and service experiences can ensure operators’ solution sales at a premium rate.
Gigabit + Services: Operators can combine gigabit home networks with new services, such as providing scenario-specific broadband services, binding Internet services, and binding smart home device services. In this way, each new service can increase the ARPU of broadband services. Currently, operators have just begun to put into practice and expand new services based on optical fiber home networks, and the potential for further exploration in the future is limitless.

Enterprise setting: A connection entry is built for the digital transformation of enterprises to monetize their private lines and networks.

The digital transformation of traditional industries calls for connectivity upgrades. A variety of industries have different requirements for connectivity, driving operators to provide diverse enterprise network connection solutions. Currently, more and more enterprise services are migrating to the cloud, allowing operators to expand their business space. Simon Lin noted that operators can monetize enterprise-oriented connections in three ways:

Bandwidth upgrade for private line services: Enterprise private lines are a high-value market for operators and can be used for covering campus networks and enterprise data center networks. The private line bandwidth is upgraded from Gbps to 10 Gbps to offer high-quality connections in and out of campuses and data centers.
Scenario-specific differentiated solutions: Enterprises’ digital transformation requires diverse network connection services. Operators can provide scenario-specific private lines to increase revenues. For example, they can provide ultra-high-bandwidth private lines for the media industry, and millisecond-level low-latency private lines as well as security cloud services for securities companies.
Upgrade from private lines to private networks: As many enterprise branches need to access multiple clouds, N x N private lines are required. Operators can use multi-cloud backbone and network slicing technologies to upgrade private lines to private networks, providing deterministic network assurance for enterprises.

Green solution: All-optical, simplified, and intelligent green networks enable the green development of various industries.

According to Simon Lin, Huawei is cooperating with operators to help the International Telecommunication Union-Telecommunication Standardization Sector (ITU-T) formulate standards and jointly define the network carbon intensity energy (NCIe) indicator system.

“A sculpture lies hidden within a marble block, but only the greatest artist can set it free,” said Simon Lin, pointing out that operators have inherent network advantages in connectivity and will bring unlimited interconnection value to the world if their connectivity capabilities are fully unleashed. He also stated that Huawei will continue to explore connectivity technologies and solutions with customers and partners, and work with operators to promote business growth.

PR Newswire

NOTICE: MULTI-COLOR CORPORATION STATEMENT ON DATA SECURITY INCIDENT

October 28, 2022 TechENT Syndication Leave a comment

BATAVIA, Ohio, Oct. 29, 2022 /PRNewswire/ — At Multi-Color Corporation (“MCC”) we value our customers and employees and understand the importance of protecting personal information. Unfortunately, we regret to provide this notice that we were the victim of a cyberattack. On September 29, 2022, MCC discovered that a third party had unauthorized access to our information technology environment. In response, MCC immediately deployed security measures to address the threat and retained an external incident response team to accelerate our recovery efforts. We proactively notified the Federal Bureau of Investigation and other domestic and foreign regulatory officials in jurisdictions where MCC has operations, including data protection authorities in the European Union, the United Kingdom, and in Australia.

The MCC files and records that were compromised by this cybersecurity incident included sensitive “HR data,” such as personnel files and information on enrollment in our benefits programs. However, based on the measures that we have implemented and the actions we have taken, there is no indication that any personal information subject to this cybersecurity incident has been misused or will be misused in the future.

Out of an abundance of caution, MCC is providing complimentary credit monitoring and identity theft protection services to current and former employees (and their immediate family members) who have been impacted by this incident. If you are a former employee of MCC, or a beneficiary of a MCC benefits program, please contact us to determine your eligibility to enroll in our complimentary credit monitoring and identity theft protection services.

Please note that MCC generally does not retain sensitive personal data on our customers or suppliers, and there is no evidence at this juncture that such personal information was involved in this incident. If you are a customer or supplier of MCC, and you believe we retain your sensitive personal data, please contact us immediately.

We have established a dedicated call center to answer questions you may have about this incident, including on how to enroll in our complimentary credit monitoring and identity theft protection services. For United States residents: contact 888-291-2363, available Monday – Friday, 9:00 am to 9:00 pm EST. For non-United States residents: contact +44(0)330 053 3818, available 24/7. We have also established a dedicated website about this incident that includes a Frequently Asked Question (FAQ) section, and it is available at https://www.mcclabel.com/en/data-security-notice.

Multi-Color Corporation, 4053 Clough Woods Drive, Batavia, OH 45103.

Advertorial, Business, Lifestyle

Celcom Business – The Trusted Partner to Accelerating Your Success

October 28, 2022 Darwin Sucipto Leave a comment

Running a business is difficult. In the current climate, there are plenty of opportunities to be explored. The current business climate also presents more challenges than before.

It is not just businesses that are being challenged though. It is everything from running a team in your organization, the government sector is being challenged to also keep up with the times, the banking industry had to evolve very quickly thanks to new threats. Thanks to the threat of the pandemic businesses, organizations, and governments are being forced to change and evolve.

The pandemic has caught many off-guard. The need to digitalize businesses, services, and even governmental functions was abrupt and very sudden. With nearly zero warning, businesses are forced to close their doors physically, government offices and functions must completely shut down, other forms of organizations must cut back on their on-site and physical services too. It was a nightmare for traditional organizations.

Digitalizing organizations became rather crucial in these few years, exaggerated by the pandemic. Organizations are forced to start digitalizing their workflows and business functions in less than a few months in order to survive. It is not just offices that has to adapt, traditional businesses like restaurants had to quickly adapt to digitalizing in order to survive the pandemic.

Accelerating Your Business

Celcom Business offers productivity tools like Microsoft 365 and Google Workspace, digital payment gateways like mPOS and POS. Whether managing task or projects for your business or simply completing your daily work, digital tools can make you more productive, collaborative, and consistent. Celcom Business offers business tools such as M365 and Google Workspace to allow you to collaborate seamlessly from any across any device wherever you are in despite time and location.

Digitalizing Your Processes

Remote working is not a new idea. Tech firms like Google have been championing remote collaboration and productivity outside of the formal work environment. In some ways also, the pandemic has forced companies to adopt remote working strategies and develop tools for it. While the pandemic has become the biggest test bed for remote working, it has also presented organizations a challenge in transforming their workplace and methods.

With Celcom Business, the transformation does not have to be as difficult as it sounds. All the same tools available from Celcom Business are available for corporations at various scales. Organizations can start with cloud services available from Celcom Business’ network, for example. Microsoft 365 that can be accessed through Celcom business also allows businesses to monitor its workforce and allow for more comprehensive collaboration. At the same time, Celcom Business offers comprehensive cyber defense tools and services for businesses.

A Smarter City

The idea of a Smart City has never been closer to reality than it has ever been. Celcom Business does not just stop at digitalizing businesses too. It is the beginning of a smarter, more digital city. But what is a smart city?

In this context, a smart city is a connected city. At the heart of a smart city lies a digitalized network that shares information and data across multiple services and systems. One of them could be in the area of securities where strategic partnerships between Celcom and the Malaysian Royal Police force (PDRM) allows the police force in Malaysia to have an integrated communication network that allows them to operate at an elevated efficiency and effectiveness level.

Beyond that, Celcom’s strategic partnership also offers traffic and fleet management capabilities like no other. With Celcom Business’ clever traffic monitoring and management, you can ensure your deliveries are alwayson time. It also allows you to ensure that your deliveries are done in the most economically efficient manner. At the same time, Celcom Business’ fleet management can help you keep track of every vehicle’s condition to ensure that you are always operating at an optimum state. All of this allows Celcom’s partner to develop unique technologies and tools for a more sustainable city.

To find out more about Celcom Business and how it can help you, you can head on to their website.

*DISCLAIMER: This is a paid advertorial by Celcom Axiata Berhad. It does not reflect the opinions or views of the techENT editorial board or writers.*

PR Newswire

Electrolux Q3 2022 Interim report: Weak North America and strength in emerging markets

October 28, 2022 TechENT Syndication Leave a comment

STOCKHOLM, Oct. 28, 2022 /PRNewswire/ —

Highlights of the third quarter of 2022

Net sales increased to SEK 35,244m (30,929), corresponding to an organic sales growth of 1.2%. Strong price execution and mix improvements were partly offset by significantly lower volumes driven by weaker market demand.
Operating income amounted to SEK -385m (1,639), corresponding to a margin of -1.1% (5.3).
Operating income includes a negative non-recurring item of SEK 350m, related to the exit from the Russian market, impacting business area Europe. Excluding this non-recurring item, operating income amounted to SEK -35m, corresponding to a margin of -0.1% (5.3). In addition to the weaker market environment, supply chain imbalances resulted in a significantly elevated cost level, mainly in business area North America that reported a loss of SEK 1.2bn.
A Group-wide cost reduction and North America turnaround program was initiated in the quarter and is expected to have a SEK 4-5bn positive earnings contribution in 2023. The program is expected to lead to a restructuring charge of SEK 1.2-1.5bn in the fourth quarter of 2022.
Income for the period amounted to SEK -605m (1,143) and earnings per share were SEK -2.23 (3.98).
Operating cash flow after investments was SEK -1,483m (-198), mainly a result of the reported loss.

President and CEO Jonas Samuelson’s comment

In the third quarter, the weaker market environment in combination with supply chain imbalances resulted in significantly lower volumes and operational inefficiencies that led to breakeven earnings, excluding the one-time cost to exit the Russian market. Price once again offset significant cost inflation, predominantly in raw materials and logistics. The year-over-year earnings decline was primarily driven by business area North America, that reported a substantial loss, but also by our European operations. Both of our other business areas, Latin America and Asia-Pacific, Middle East and Africa, increased earnings through successful product launch execution and good cost management.

High general inflation and low consumer confidence resulted in market demand declining in the quarter with the exception of Asia-Pacific, Middle East and Africa, where demand was solid. In Europe and the U.S., deteriorating consumer sentiment resulted in an accelerated demand decrease compared with the second quarter. The impact of the slowdown in consumer demand was further amplified by high retailer inventory levels. Consumer sentiment is also next year assessed to be negatively impacted by inflation and higher interest rates. Hence, market demand in both Europe and North America for the full-year of 2023 is expected to further deteriorate, i.e. be negative year-over-year.

Against this background, a Group-wide cost reduction and North America turnaround program was initiated in the quarter. We are also reviewing our production capacity needs given current market situation.

Cost reduction and North America turnaround program

The program is for the full-year of 2023 expected to result in a positive year-over-year earnings contribution of SEK 4-5bn from both Cost efficiency and reduced Investments in innovation and marketing. The activities implemented under the program will gradually contribute to earnings over the course of 2023 and into 2024. Total cost reduction from the program is estimated to be in excess of SEK 7bn. The majority of the targeted cost savings will be realized in business area North America. The program is expected to lead to a restructuring charge in the fourth quarter of 2022 in the range of SEK 1.2-1.5bn, which will be reported as a non-recurring item. 3,500-4,000 positions will be affected by the program. For the sake of clarity, the cost reduction from the program includes and replaces the previously communicated benefits from the SEK 8bn global re-engineering investments.

The Group-wide cost reduction element of the program will primarily focus on three areas.

One area is to eliminate cost inefficiencies in our supply chain and production by adapting sales and production plans to what can be supplied in a stable manner and to right-size the workforce in our factories.

Another area is to leverage the organizational changes which took effect on July 1 this year. Through these changes, we have created stronger global organizations for operations, sales, admin, R&D and IT, which is also enabling efficiency gains.

Finally, we are optimizing our R&D and marketing investments. This includes leveraging recent global investment programs in R&D and prioritizing the highest ROI-opportunities as well as centralizing marketing and brand building activities.

Regarding business area North America, I am obviously very disappointed with our performance. The production transformation with the two new facilities Anderson and Springfield including several new product platforms, in combination with the particularly challenging supply chain conditions, require additional measures to return to stability and profitability. In addition to the three areas mentioned above for the whole Group, key activities for the North America turnaround are to stabilize and improve operational planning and to significantly improve cost efficiency in Anderson and Springfield to ensure cost competitiveness in these new production facilities. We remain highly confident in the consumer appeal of the new product ranges, which also the sales execution in the quarter resulting in year-over-year market share gains proves.

Providing resource efficient products is at the core of our strategy and recently consumers have become more aware of both consumption and price of energy. Our new European built-in fridge freezer range is much more energy efficient and hence delivers significant electricity cost benefits to consumers as well as up to 20% less CO₂ emissions in the user phase than the previous range.

Although we are experiencing a challenging time, I am confident that Electrolux remains well positioned to create value and we will continue to invest in consumer experience innovations.

Telephone conference 09.00 CET

A telephone conference is held at 09.00 CET today, October 28. Jonas Samuelson, President and CEO and Therese Friberg, CFO will comment on the report.

Details for participation by telephone

Sweden: +46 8 56 64 26 51
International/UK: +44 33 33 00 08 04
U.S.: +1 63 19 13 14 22

Pin/Passcode: 70461836#

Slide presentation for download

www.electroluxgroup.com/ir

Link to webcast

https://edge.media-server.com/mmc/p/2nrdyeek

For further information, please contact:
Sophie Arnius, Head of Investor Relations
+46 70 590 80 72
Electrolux Press Hotline,
+46 8 657 65 07

This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 28-10-2022 08:00 CET.

The following files are available for download:

PR Newswire

Frost & Sullivan Institute Recognizes Industry Leaders with Enlightened Growth Leadership Awards for 2022

October 28, 2022 TechENT Syndication Leave a comment

SANTA CLARA, Calif., Oct. 28, 2022 /PRNewswire/ — The Frost & Sullivan Institute’s Enlightened Growth Leadership Best Practices Recognition honors companies that are driven and committed to their pursuit of excellence, while ensuring a healthy balance between growth and sustainability. The Institute bestows this prestigious recognition on companies that have demonstrated excellence in growth and have proactively taken initiative, both internally and externally to address key global priorities.

The Frost & Sullivan Institute’s Enlightened Growth Leadership Best Practices Recognition honors companies that are driven and committed to their pursuit of excellence, while ensuring a healthy balance between growth and sustainability.

“At Frost & Sullivan Institute, we believe that transformation truly arises from responsible decision making. This recognition is significant in terms of reiterating an organization’s commitment to growth with a moral imperative and to delivering value to its stakeholders, including its employees, investors, and customers,” said Prerna Mohan, Director, Frost & Sullivan Institute.

Frost & Sullivan Institute follows its proprietary, 8 step, measurement-based methodology, combined with extensive research, in-depth analyses, and benchmarking, to shortlist recipients. Being one of the few existing methodologies that equally weights growth and Environment, Social, Governance (ESG), this recognition is one of the Institute’s most prestigious best practices recognitions. The winners represent the best of the best.

Frost & Sullivan Institute congratulates all recipients of the Enlightened Growth Leadership Best Practices Recognition. As we did last year, we will recognize and celebrate the 2022 recipients at our Virtual Awards Banquet in November.

Recipients:

Cellnex

Computacenter

ContourGlobal

ACCIONA Energía

Crayon

Croda International

Dassault Aviation

Dassault Systèmes

Deliveroo

Delivery Hero

Dermapharm Group

Deutsche Telekom

DiaSorin/ DiaSorin Group

Drax Group

E.ON

Eevia Health Plc

Efecte Plc

Einhell Germany AG

Elia group

Elmera Group ASA

ElvalHalcor

Embracer Group

EnBW

Endeavour Mining

EssilorLuxottica

Eurofins Scientific

Fluidra

Fortum Corporation

Garmin Ltd.

Genmab A/S

Gränges

Grupa Azoty S.A.

Grupa Kety S.A.

Harbour Energy plc

Hera S.p.A.

ICON plc

Infineon Technologies AG

Instalco

Interpump Group

Ipsen S.A.

Iren S.p.A.

James Hardie Industries plc

Jazz Pharmaceuticals plc

Kingspan Group plc

Lifco AB

Linde

Logitech International

Medicover AB

Medios AG

MercadoLibre, Inc.

Metso Outotec

Micro Focus

Midwich

MYTILINEOS SA

NIBE Industrier AB

Nolato AB

Nordex SE

OMV

PGE Polska Grupa Energetyczna S.A.

Picanol Group

About Frost & Sullivan Institute

The Frost & Sullivan Institute (FSI) is a non-profit organization dedicated to utilizing business practices to address global priorities. The genesis of the institute goes back to the vision of either creating, or becoming part of, a solution that addresses threats to humanity. The Institute has identified strategic imperatives for transformation and believes that we can truly accelerate innovation to zero. To learn more about FSI, visit www.frostandsullivaninstitute.org

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.

Media Contact:

Prerna Mohan
Email: prerna.mohan@frost.com

PR Newswire

LG Innotek Releases 2022 3rd Quarter Earnings Report

October 27, 2022 TechENT Syndication Leave a comment

Sales of KRW 5,387.4 billion and operating profit of KRW 444.8 billion in the 3rd quarter
– Sales increased by 41.9% and operating profit increased by 32.5% from the same period of the last year.
High-performance camera modules and semiconductor substrates led the sales of Smartphone components
Sales in all product groups of electric components such as the communication module and power for electric vehicles increased

SEOUL, South Korea, Oct. 27, 2022 /PRNewswire/ — LG Innotek (CEO Jeong Cheol-dong) achieved sales of KRW 5,387.4 billion and operating profit of KRW 444.8 billion in the third quarter of 2022 according to the Korea International Financial Reporting Standards (K-IFRS). Sales and operating profit increased by 41.9% and 32.5% respectively from the same period of the last year. Compared to the previous quarter, the company’s sales increased by 45.5%, and profits increased by 53.4%. *As of Oct. 27, KRW 1,000 is $0.71.

The company representative stated that “We officially initiated the mass production for the new model on our customer, and the supply of the high-performance camera module for Smartphones was expanded to lead the increase in sales,” and added, “Along with semiconductor substrates for 5G communication, all products groups in the electric components such as the vehicle communication module and power for electric vehicles expanded in sales to support the increase.”

Performance by Business Units

Optics Solution Business recorded sales of KRW 4,439.5 billion, a 48% increase from the same period of the last year. Supply for the new model on the customer was initiated in full-scale to increase in sales centrally on the high value added products such as the multiple camera module for Smartphones and 3D sensing module, etc. The sales compared to the previous quarter was increased by 58%.

Substrate & Material Business recorded sales of KRW 435.6 billion, a 3% increase from the same period of the last year. Due to the supply for the new model on the customer was expanded to lead the increase in the sales of semiconductor substrates for 5G communication. Meanwhile, display components including the tape substrate and photomask suffered due to the decrease in demand from the front industries including TV/IT products, etc. The sales compared to the previous quarter was decreased by 4%.

Automotive Components Business recorded sales of KRW 380.8 billion, a 48% increase from the same period of the last year and a 15% increase from the quarter prior. As the demand from the front industries increased and expanded in the demand for electric vehicles/autonomous driving vehicles, the sales from all product groups including the vehicle communication module and power for electric vehicles were increased to lead the continuous sales growth for 5 consecutive quarters.

Moreover, LG Innotek succeeded in improving the profitability through elitism of product/customer structure, reinforcement of global SCM capabilities, and development centrally on the platform model (universal products for minimizing the need for customizing).

2022 3rd Quarter Earnings by LG Innotek

(Unit: KRW 100 million)
Classification	2022.3Q	2021.3Q	Increase Compared to Same Period in the Previous Year	2022.2Q	Increase Compared to the Previous Quarter
Sales	53,874	37,976	41.9 %	37,026	45.5 %
Operating profit	4,448	3,357	32.5 %	2,899	53.4 %

* The table above shows tentative consolidated sales performance in accordance with K-IFRS.

About LG Innotek Co.,Ltd.

LG Innotek is a cutting-edge materials and components manufacturer and an affiliate of the LG group. The company’s business units include core components for mobile, automotive, display, semiconductor, and IoT products. Furthermore, the company has cooperated closely with the mobile devices, home appliances, and automotive companies, producing camera modules, automotive electronic components, wireless communication modules, and substrate materials.

LG Innotek is headquartered in Seoul, Korea and its sales subsidiaries are located in Germany, USA, Mainland China, Japan, and Taiwan with production subsidiaries in Mainland China, Vietnam, Indonesia, Mexico, and Poland. For more information, please refer to the website: www.lginnotek.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/lg-innotek-releases-2022-3rd-quarter-earnings-report-301660945.html

PR Newswire

UL Solutions Opens Automotive Electromagnetic Compatibility Laboratory in Taiwan

October 27, 2022 TechENT Syndication Leave a comment

UL Solutions enhances its testing capabilities for electromagnetic compatibility, radio frequency and Internet of Things in Taiwan to provide comprehensive in-vehicle device testing services.

NORTHBOOK, Ill., Oct. 27, 2022 /PRNewswire/ — UL Solutions, a global leader in applied safety science, today announced the opening of its new state-of-the-art automotive electromagnetic compatibility (EMC) laboratory in Hsinchu, Taiwan. This new laboratory localizes services and technology to provide EMC testing to international standards and original equipment manufacturer (OEM) requirements for automotive electronic components. With advanced technologies, equipment, and the company’s safety science expertise and service capabilities, the new facility helps UL Solutions meet the testing needs of Taiwan’s automotive components industry.

This new laboratory localizes UL Solutions services and technology in Taiwan to provide EMC testing to international standards and original equipment manufacturer (OEM) requirements for automotive electronic components.

“With the opening of this laboratory, combined with the UL Solutions Internet of Things (IoT) Lab in Hsinchu and the E-mobility and Energy Laboratory in Taoyuan, we are confident that the testing capabilities offered by UL Solutions for automotive components will provide manufacturers in Taiwan with a complete range of testing services and a single source of service,” Jonathan TH Chen, vice president and managing director of UL Solutions in Taiwan, said. “Our professional testing technologies and quality services meet the latest international standards and help enable manufacturers in Taiwan to enter the global automotive electronic component market safely and quickly.”

Influenced by factors such as climate change and the rapid advancement of technology, the automotive industry is moving toward four major trends: connected, shared, autonomous and electric vehicles. These trends are helping to drive the overall growth of automotive electronic components, such as advanced driver-assist systems (ADAS), infotainment systems and vehicle connectivity devices. In addition to the existing automotive component manufacturers in Taiwan, information and communication technology (ICT) and electronics OEMs have also entered the global automotive electronics market.

“One of the most important features of our services is that we can help customers understand the method, content and meaning of EMC testing. This understanding helps them to develop and adjust their product design strategies more quickly and shorten the time required to complete product testing,” Chen said. “With the collaboration of three laboratories in Hsinchu and Taoyuan and the support of our advanced technology and experience in automotive EMC testing laboratories in Japan and South Korea, we can provide more comprehensive automotive EMC testing services to help manufacturers in Taiwan capture business opportunities in the global automotive electronics market.”

About UL Solutions
A global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 100 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Certification Marks serve as a recognized symbol of trust in our customers’ products and reflect an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains and grow sustainably and responsibly into the future. Our science is your advantage.

PRESS CONTACT:
Steven Brewster
UL Solutions
ULNews@UL.com
T: +1 (847) 664.8425

PR Newswire

ACE Money Transfer and Bank AL Habib Join Hands to Provide Secure and Free Money Transfers to Pakistan

October 27, 2022 TechENT Syndication Leave a comment

MANCHESTER, England, Oct. 27, 2022 /PRNewswire/ — ACE Money Transfer, a leading UK-based international remittance service provider, and Bank AL Habib, one of the largest banking networks across Pakistan, in line with Pakistan Remittance Initiative’s (PRI) vision, have ramped efforts to promote legal channels of remittances by offering free, easy, faster, and secure transfers.

ACE Money Transfer and Bank AL Habib Join Hands to Provide Secure and Free Money Transfers to Pakistan

An awareness campaign, including 950 buses, 100 roadside posters and 25 underground stations across the UK, is ongoing, educating expats on the kerb market’s downsides that lead to risky and undocumented transfers.

Mr Rashid Ashraf, CEO of ACE Money Transfer, said, “Expats sending remittances consider many factors, but transfer cost, exchange rates, speed, and security are a few primary concerns. With Bank AL Habib’s vast network and our state-of-the-art technology, we can address them all and offer an experience our customers love.”

Mr Aun Ali, Group Head – Business of Bank AL Habib, commented, “This affiliation will help both organisations serve Pakistani expatriates for instant and secure transactions. Bank AL Habib keeps playing a vital role in routing remittances through official channels and in providing our services in collaboration with ACE Money Transfer.”

ABOUT ACE MONEY TRANSFER

ACE Money Transfer (registered name ‘Aftab Currency Exchange Limited’), based out of Manchester, UK, is a growing remittance provider. It offers impeccable online money transfer services to millions of expatriates with an extensive network of 375,000+ locations spread across 100+ countries worldwide.

ABOUT BANK AL HABIB

Dawood Habib Group, the sponsor of Bank AL Habib Limited, has a long track record in banking that dates back to the 1920s. The Group was among the founder members of Habib Bank Limited and played a major role in meeting Pakistan’s financial and banking needs. It was nationalised along with other Banks in Pakistan on January 1, 1974.

Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992. It is now one of the leading banks in Pakistan, known for its high level of customer service. It has a strong network of over 1050 branches and sub-branches in 433 cities across the country, including a wholesale branch in Bahrain and Malaysia and representative offices in China, UAE, Turkey and Kenya.

Media Contact:
marketing@acemoneytransfer.com
+44 161 3936 999

Business, Lifestyle, News

iQIYI’s New Malaysian Show “Sorry Naik Lori” Seamlessly Integrates Branding & Story Telling

October 26, 2022 Nur Jeevan Leave a comment

As consumers, we’re being inundated with more content than ever in this day and age. We’ve also become even more discerning, particularly in advertising and branding. What’s more, with the rise of over-the-top (OTT) services like iQIYI, Netflix, Amazon Prime Video, and Disney+ Hotstar, we’ve become even more selective of where we place our time when it comes to consuming media. Realising these trends, iQIYI has partnered with food delivery provider and app, foodpanda, to marry entertainment and branding with their latest series “Sorry Naik Lori”.

The new series is a first-of-its-kind collaboration between iQIYI and food panda in which the two companies worked from the bottom up to integrate foodpanda’s branding and app in the series. This process started with a collaboration between iQIYI, foodpanda and Universal McCann in developing the scripting and concept for the series. In the end, they produced a quintessentially Malaysian tale that tells the story of a husband and wife as they pursue two different versions of success.

“Sorry Naik Lori” follows the misadventures of Khairul, a young lorry driver living in Penang who is averse to Social Media and his wife, Nadia, who dreams of becoming a successful social media influencer. Nadia stumbles upon success when she becomes “ComelPasembur” when a NikNok video of her at her mother’s Pasembur restaurant goes viral. As her following grows, she is approached by a talent agency and decides to pursue her dreams against her husband’s wishes. This forces Khairul to learn to navigate the world of social media as he tries to keep his marriage alive while Nadia is forced to hide her marriage in pursuit of social media stardom.

The series also integrates a foodpanda rider, Talib, played by Tajul. The character not only plays a role in foodpanda’s brand integration into the series but also helps further the plot and misadventures in the slice-of-life rom-com.

The series is steeped in the Malay culture of Malaysia’s most popular island – Penang. Everything from the mannerisms and dialect used in “Sorry Naik Lori” is infused with typical Penangite flavours. The series stars Nizam Othman as Khairul and Ruhainies as Nadia. They are supported by a notable cast which includes local singer, Tajul, TikToker Ahmad Saffuan, Nafiz Muaz, Sheila Mambo and Asha Zainul.

“Sorry Naik Lori” premieres on 4th November 2022 on iQIYI. iQIYI’s freemium model allows you to enjoy the series for free with ads. However, if you want an uninterrupted viewing experience, you can just sign up for iQIYI’s VIP subscription for as low as MYR11.90.

Accessories, Computers, Gaming, Lifestyle

Rode Launches Rode X – Made for Gamers and Streamers

October 26, 2022 Darwin Sucipto Leave a comment

If you are into video production, or if you are looking to start your own podcast and streaming career or hobby, you might be familiar with Rode. They are known currently to make some high-quality audio capture products for video and podcasting work at a fraction of the price of what you want to consider as “professional” grade gears. While they have been regarded also as some of the best and most sought-after brand in the world of audio capture for videos and podcasts, they feel like they have not tapped into one market: the gaming industry.

While this was not really a thing 10 years prior, streamers are a thing now. Where there are gamers, there will be streamers in the current video games industry. Of course, Rode must be part of that action. Introducing the Rode X line-up.

Unlike the usual Rode stuff, you get for your video cameras, the Rode X sub-brand does not offer you any regular audio capture hardware you might be used to. You do not get a mixer, or a mic with XLR output. You instead get a software solution to accompany USB connected mics for your PC.

In a way, this makes high-quality podcast type mics a lot more accessible to aspiring streamers. USB type connection also makes the technology a lot simpler to work with. Users do not need an inherent knowledge on operating the traditional audio capture gears like a mixing console, getting digital outputs to work with their PC, or even choosing between dynamic and condenser type mics. You simply plug the mics in, and you are ready to go, almost.

Instead of a physical mixing console, you get UNIFY, Rode’s proprietary software for the Rode X range of devices. Via UNIFY, users can fine tune their mics to their own desired qualities, make themselves sound good, or at least to levels and qualities they are happy with. There is a built-in high-pass filter mode, APHEX Aural Exciter, and Big Bottom within the software itself for you to have complete control over your voice.

They also say that the UNIFY PC app also simplifies audio routing, mixing, and processing. We are guessing that this could also mean that the app might be able to support multiple Rode X mic inputs at the same time on a single PC, which is always a blessing since Windows’ audio routing is rather frustrating with multiple inputs.

XCM-50 – Simply Plug, and Play

Source: Rode X
Source: Rode X
Source: Rode X
Source: Rode X
Source: Rode X
Source: Rode X
Source: Rode X

The simplest mic to work with in their stables is the XCM-50. While this is their entry-level product, Rode says that it still offers professional grade sound quality with features made for gamers and streamers. It is not just made for streaming purposes; it is also made for gamers that are looking to up their team chat quality.

It is a condenser type microphone, which also means it needs power. It gets it from the USB type-C port from the back of the device to be connected to a USB port on your PC. If you need to hear yourself, or even hear whatever you want to hear on your PC, there is a dedicated 3.5mm AUX jack for you to plug into. That also means that the condenser mic is not just your regular input mic, it is also your external DAC, sort of.

It is designed to pick up your voice and only your voice. The cardioid polar pattern can be quite narrow, and you need to be speaking directly into it for it to pick up. That also means that it is going to reject most of the noise that is around you to ensure that your teammates or audiences hear only you and not the noise your cat makes beside you. There is also an internal pop filter already so you do not need to get another that will get into your face.

XDM-100 – Professional and Natural

Source: Rode X
Source: Rode X
Source: Rode X
Source: Rode X
Source: Rode X
Source: Rode X
Source: Rode X
Source: Rode X
Source: Rode X

If you are more familiar with audio gear, and just want to have the best type of voice for your multiplayer gaming, streaming, and podcasting purposes, then you go for the more premium XDM-100. It is larger than the entry-level condenser, which is quite normal for a dynamic mic. You also get an input volume control knob alongside a 3.5mm AUX jack for your headphone output.

Because dynamic mics are passive mics, they tend to sound a lot more natural than condenser mics, and this holds true for the XDM-100. Since it tends to be less sensitive than condensers, you generally want the mic to be closer to you. That way, it naturally cancels out noise that is further out from its central pick-up area. It naturally rejects keyboard noises and mouse clicks, for example. With built in pop filter, you are going to sound good however you speak.

The mic has built-in pre-amp, which is rather necessary for dynamic mics. That also means that it offers high-quality 24-bit/48kHz audio for that crisp and natural radio voice. Of course, you also get high-pass filter, APHEX Aural Exciter, and Big Bottom like the XCM-50. The UNIFY app also allows you to set a noise gate just to make sure that your streams are free of noise.

Price and Availability

The Rode X XCM-50 and XDM-100 are now available for purchase, but only in select regions. There is no specific local availability (Malaysia) mentioned. The XCM-50 will set you back US$ 149 (MYR*) while the XDM-100 is available for US$ 249 (MYR*). They are not exactly cheap, but they are significantly more accessible than full-on professional-grade podcasting set-ups. While they are only available in select regions, we are also confident that you might be able to get your hands on one or pre-order one from your favourite resellers (audio and video gear stores) in Malaysia. More on the Rode X can be found on their website

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Rode Launches Rode X – Made for Gamers and Streamers

XCM-50 – Simply Plug, and Play

XDM-100 – Professional and Natural

Price and Availability

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