Monthly Archives: December 2022

PR Newswire

Tomato Galaxy, First Multi-Brand Interactive VR World, Launches on Meta Horizon Worlds

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MOUNTAIN VIEW, California, Dec. 31, 2022 /PRNewswire/ — One of the first multi-brand interactive virtual reality (VR) worlds, Tomato Galaxy, officially launched on Meta Horizon Worlds on December 30th. The project is led by Tomato US, a subsidiary of BlueFocus Intelligent Communications Group Co., Ltd (BlueFocus) (SHE:300058); with the world itself created by designers at Vidyuu.

Meta Horizon Worlds is a social VR platform where users can explore over 10,000 different worlds on Meta Quest 2. Tomato Galaxy is a tomato-themed world where users can interact with ten brands, including ECOVACS, Hisense, Lilysilk, Xtep, IQOO, Ugreen, Wave, Smileader, Moody, and OSOTEK.

Tomato Galaxy consists of four interconnected worlds: Spaceship Tour, Day Hemisphere, Night Hemisphere, and Tomato Eye. Players need to play mini-games and collect Tomato Energy, which is a key resource to activate the magical portals that connect the worlds.

Andrew Wong, Director, Head of Reseller Business at Meta, said: “It is one of the most complex worlds I have ever seen in Meta Horizon Worlds… it can be regarded as an interactive brand gallery and offers an enhanced user experience as well. This is something pretty new for Horizon Worlds.”

Tomato Galaxy is more than just a virtual playground. Besides the fun gameplay, it offers unprecedented brand immersion. “Many brands have already built their own worlds in Meta Horizon Worlds, but we haven’t seen any world containing multiple brands of different categories,” said Joy Guo, Project Manager of Tomato Galaxy.

The immersive VR experience of Tomato Galaxy provides a new approach for brands to reach and interact with existing and potential consumers. A deeper connection between brands and players will be built through tailor-made mini-games. “With the aim of using innovative technology to empower our clients’ business, BlueFocus has taken important steps into metaverse marketing,” said Jiao Li, Vice President of BlueMedia and General Manager of Tomato Interactive.

For those who don’t have headsets, an AR filter called “Tomato Together” has also been launched on Facebook and Instagram. “Through our dedication to metaverse marketing, we’ll keep focusing on promoting creative campaigns and creating immersive experiences for brands and consumers. Tomato Galaxy is just the beginning,” said Jiao.

With its vast industry experience, BlueFocus will continue to optimize its metaverse marketing strategy by connecting with brands and content creators and bringing users into the metaverse.

CONTACT: BlueFocus Metaverse Center, BLUENEO@BLUEFOCUS.COM

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PR Newswire

Pixelworks Announces Strategic Equity Investment in Shanghai Subsidiary

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Reaffirms Revenue Guidance for Fourth Quarter 2022

PORTLAND, Ore., Dec. 31, 2022 /PRNewswire/ — Pixelworks, Inc. (NASDAQ: PXLW) (the “Company”), a leading provider of innovative video and display processing solutions, today announced the Company’s majority owned subsidiary, Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. (“PWSH”), entered into an agreement with a group of private equity and strategic investors based in China, as well as with entities owned by PWSH employees, under which committed investments will be made in exchange for equity interest in PWSH.

In aggregate, the capital increase agreements consist of the commitment by employee entities to pay amounts in RMB equating to approximately $1.4 million in exchange for total equity interest of 0.54% in PWSH, reflecting a pre-money valuation of the RMB equivalent of approximately $250.7 million, and by non-employee investors to pay amounts in RMB equivalent to approximately $14.3 million in exchange for total equity interest of 2.76% in PWSH, reflecting a pre-money valuation of the RMB-equivalent of approximately $501.4 million. Following the anticipated closing of these transactions, Pixelworks, Inc. will continue to hold an approximately 78.2% equity interest in PWSH.

President and CEO of Pixelworks, Todd DeBonis, commented, “This latest transaction to secure additional capital investment in our PWSH subsidiary is a testament to the recognized value of our visual processing technology in China as well as the associated growth opportunity for this portion of our business. In addition to this new capital further solidifying PWSH’s overall financial position, it provides increased flexibility in support of executing on our growth and operational objectives as we continue to prepare PWSH to apply for a local listing in coming year.”

Additionally, the Company reaffirmed its previously provided financial guidance for fourth quarter total revenue of between $16 million and $18 million.

Further details about the capital increase agreements are available in the Company’s filings with the Securities and Exchange Commission, including the Form 8-K filed by today, December 28, 2022.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be identified by use of terms such as “begin,” “continue,” “will,” “expect”, “believe,” “anticipate” and similar terms or the negative of such terms, and include, without limitation, statements regarding the sale of PWSH securities to purchasers, including the timing thereof, the expected proceeds and use thereof, and the resulting ownership of PWSH, the benefits of the sale of PWSH securities to PWSH, including the resulting growth opportunities and financial position of PWSH, and PWSH’s plans to apply for a local listing in coming year, as well as statements about the Company’s expected financial performance and outlook for the fourth quarter of 2022.  These statements are based on management’s current expectations. Forward-looking statements involve certain risks and uncertainties, and actual results and the timing of events may differ materially from those discussed or implied in any such statement. These risks include, but are not limited to the Company’s ability to execute on its strategy; competitive factors; current global health and economic challenges, including the impact of COVID-19; changes in the requirements for listing on the STAR Market; changes as a result of management’s further review of our actual results in the fourth quarter, changes made as a result of the completion of our financial closing procedures for the fourth quarter and other risks related to the Company’s business and operations as are discussed under the heading “Risk Factors” and in other sections of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and the Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2022, and in the Company’s other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements herein have been made as of the date hereof and are based on information available to the Company as of the date hereof. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made except as required by law.

About Pixelworks

Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has a 20-year history of delivering image processing innovation to leading providers of consumer electronics, professional displays, and video streaming services. For more information, please visit the company’s web site at www.pixelworks.com.

Note: Pixelworks and the Pixelworks logo are trademarks of Pixelworks, Inc.



Source: Pixelworks, Inc.

PR Newswire

Chinese Auto Parts Supplier Baolong Automotive Rolls Out New Lineup of Automotive Sensors for EVs

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SHANGHAI, Dec. 31, 2022 /PRNewswire/ — On December 30, 2022, Chinese auto parts manufacturer Shanghai Baolong Automotive Corporation hosted the “Super Sensing, Intelligent Core” product launch event at China’s largest automotive B2B marketplace Gasgoo.com. Two highlights of the event were Baolong’s new fluxgate current sensor and a new electric motor position sensor for electric vehicles (EVs).

Given the growing trend towards vehicle electrification and intelligence, sales of EVs have risen rapidly over the past few years, deeply impacting the automotive sensor sector. In addition, the demand for vehicle electrification has driven the demand for sensors and catalyzed the development of new sensor types.

Baolong Automotive, which started producing automotive sensors in 2009, has become a domestic leader in the sector by amassing a rich lineup of over 40 sensors across six key categories: pressure, rain and light, speed, position, acceleration and current. The firm aims to achieve annual production and sales of 100 million sensors in five years in tandem with becoming the leader in China and even worldwide in some segments.

The 1000A/1500A fluxgate current sensor features high precision, high sensitivity and low zero drift alongside a new technology developed by Baolong Automotive specifically for the unit. The solution, a key component of the power battery as well as the electric drive, battery and electronic control systems for EVs, helps ensure the safe performance of the vehicles by addressing the challenges raised by range anxiety and charging anxiety while preventing overcharge and overdischarge scenarios.

The new electric motor position sensor, an indispensable component of the precision control system of the high-speed electric motors in EVs, also features superior performance, higher precision, smoother torque and position control as well as high precision detection of the rotor position of high-speed electric motors. The sensor also has wide application in multiple electric control systems, including brake-by-wire systems, electric power steering and electric clutches. With the key advantages of enhanced anti-interference capability, safety, reliability, high integration, flexible installation, lower costs and lightweight design, the solution plays a key role in different types of motor control applications for EVs.

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PR Newswire

Hedonova enters the renewable energy sector by investing $16M in a Chilean energy storage plant

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  • Total investment of $16M
  • The plant is located 800 kms north of Chile’s capital Santiago in the Atacama region
  • The plant can store up to 2000 megawatts which can serve 80,000 to 100,000 homes

NEW YORK, Dec. 31, 2022 /PRNewswire/ — Hedonova, a US-based hedge fund investing in alternative asset classes like start-ups, real estate, and asset leasing has forayed into the fast-growing energy storage sector by investing $16M in a storage plant in Chile that operates on the CRYOBattery technology. The energy storage plant is located 800 kms north of Chile’s capital Santiago in the Atacama region. The plant uses air liquefaction technology where ambient air is cooled to -196 degrees celsius. The liquefied air is then heated to expand and run turbines to generate electricity. The plant will be operational from January 2023.

The energy storage plant Hedonova has invested in can store up to 2000 megawatts of energy. This can supply electricity to around 80,000 to 100,000 homes in Chile. Chile has enacted a new law on energy storage and electromobility, following its approval in parliament in October. The bill seeks to increase the country’s use of renewable energy particularly through the use of energy storage as a way to get around grid congestion, which currently means that a majority of renewable energy is dumped. According to SP Global, Chile is set to become one of the top 3 exporters of green energy by 2040. Being a hotbed of rich renewable energy sources, Hedonova saw Chile as a fit candidate for lucrative investment opportunities.

Alexander Cavendish, CEO of Hedonova said – “The total investment pipeline of the power plant is $160 million off which we have invested 10%. This is an integrated investment from our real estate and equipment financing portfolios. Hedonova owns the land and has leased it to the power company and has also financed the CRYObatteries. We are also working with Chilean regulators to ensure the plan earns carbon credits that can be sold on the open markets.”

At present, CRYObattery technology has a comparatively smaller footprint than other green energy technologies like solar or wind energy, for instance. However, the technology is scalable with no size limitations or geographic constraints. The list of capabilities it can offer includes voltage control, grid balancing, and synchronous inertia giving grid operators the flexibility to manage power and energy services independently

Apart from Chile, the USA and UK lead in launching and experimenting with CRYObattery initiatives through commercial plants and grid scales.

About Hedonova

Hedonova is an Alternative Investment Fund that holds a diversified portfolio of alternative assets such as non-fungible tokens (NFTs), wine, cryptocurrencies, and real estate. With feeder funds in Switzerland, Luxembourg, Singapore, and India, European and Asian investors can diversify their investments in alternative assets that could conceivably appreciate, from art to wine and sports collectibles could be classified as an alternative investment.

https://www.hedonova.io/

Contact:  media@hedonova.io

PR Newswire

XCMG Machinery Sends off Second Unit of XGT15000-600S, World’s Largest Tower Crane, to Serve Mega-Scale Bridge Construction Project

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XUZHOU, China, Dec. 30, 2022 /PRNewswire/ — XCMG Machinery (SHE:000425; “XCMG”) sent off the second unit of XGT15000-600S, the world’s largest tower crane jointly developed by XCMG and China Railway Major Bridge Engineering Co., Ltd. (MBEC), on December 8 from its smart manufacturing base in Xuzhou, China. It will serve in the construction project of Changtai Yangtze River Bridge, the world’s largest diamond-type cable-stayed bridge.

XCMG Machinery Sends off Second Unit of XGT15000-600S, World’s Largest Tower Crane, to Serve Mega-Scale Bridge Construction Project.
XCMG Machinery Sends off Second Unit of XGT15000-600S, World’s Largest Tower Crane, to Serve Mega-Scale Bridge Construction Project.

The XGT15000-600S is a super large tower crane designed and customized to accommodate mega-scale bridge construction projects. The first unit, which officially rolled off the assembly line in June, was deployed to the Chao-Ma railway bridge project of the Ma’anshan Yangtze River Bridge (including railway and highway). The second unit, now being delivered to the Changtai Yangtze River Bridge, will complete a series of steel tower hoisting and installation tasks, including lifting maximum weight of 300 tons to the height of over 300 meters.

As a major breakthrough of bridge construction equipment development and key milestone for the tower crane industry sector, the XGT15000-600S not only demonstrated XCMG’s industry-leading strength of intelligent manufacturing and brand influence, but also set a new benchmark of industry cooperation for super engineering projects.

“XCMG’s tower cranes have conquered the world’s top technical bottlenecks, and we’re now delivering tower cranes of over 1,000+ tonne-meters in batches that are widely adopted in the constructions of bridges, power plants, stadiums and super high-rise buildings,” said Yuan Shaozhen, General Manager of XCMG’s Tower Crane. 

Developed on XCMG’s S series tower crane technology platform, the XGT15000-600S has a rated lifting moment of 15,000tm, maximum lifting weight of 600 tons and maximum lifting height of 400+ meters. The super tower crane has over 60 core technology breakthroughs and achieved 10 world firsts and set 10 world records.

The tower crane adopts the combined design of a flat head main tower, boom auxiliary tower and manned elevator, and has the core advantages of a high safety level, intelligent technology, strong functionality, high quality and precise modules to deliver excellent performance. It also achieves level 12 typhoon resistance in a non-working state.

“XCMG will continue to promote independent R&D and tackle core technologies  to bring more pioneering super-scale tower crane products that meets the increasing demand of large-scale construction projects,” said Mi Chenghong, assistant to the general manager of XCMG’s Tower Crane.

PR Newswire

TECNO Plays a Leading Role in Forming Four ITU-T International Standards for Mobile Terminal Computational Photography System

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TECNO shared its newest milestones in working with the International Telecommunication Union-Telecommunication Standardization Sector (ITU-T) to develop standards and jointly define the Mobile Terminal Computational Photography System (MTCPS) in 4 aspects. 

HONG KONG, Dec. 30, 2022 /PRNewswire/ — Global innovative technology brand TECNO announced that its four new proposals were successfully accepted by ITU-T Study Group 16 in 2021-2022, making TECNO as innovative brand at the forefront of promoting the establishment of international standards for the Mobile Terminal Computational Photography System (MTCPS), and contributing to the global process of standards establishment.

International Telecommunication Union (ITU) is the world’s most active and authorized standards cooperation, with 193 member states and more than 900 private-public members. ITU-T is one of the three sectors in ITU, mainly focusing on standardization in worldwide telecommunications and Information Communication Technology (ICTs). ITU-T provides an international platform for telecom and ICTs industry and a unified voice for the industry. TECNO’s four on-going work items led by it in building mobile terminal computational photography standards were accepted by ITU-T experts all over the world following a rigorous assessment process.

The four newly accepted proposals accepted by ITU-T are detailed as below.

F.DC-MTCPS-PFM: Metadata Management in Image Processing Algorithms 

Smartphone manufactures have made huge leaps in mobile photography but also face a series of challenges in image processing algorithms. Differences from manufacturers’ image devices, image processing algorithms, as well as the data definition and format have caused compatibility and consistency problems, which may further increase the cost in development and maintenance.

TECNO focuses on solving practical problems and has been trying to establish the architecture, control, and processing flow for MTCPS. TECNO’s proposal will not only be conducive to improving the efficiency of the image processing process, but also promote the technology interoperability in the industry, bring the application of computational photography technology to a new level.

ITU-T F.DC-AWBE: Guarantee for AWB Training Data Consistency and Reality

Every camera manufacture is striving to solve the problem of “color cast” and capture the ideal “white light” for a better image quality. AUTOMATIC WHITE BALANCE(AWB) is a main approach in computational photography to mitigate the problem. However, due to the difference in data collection and annotation in the industry, the training data used in AWB is often prone to inconsistent and unreliable, which is detrimental for the enhancement of AWB module in the MTCPS. TECNO’s team had made lots of efforts and technological breakthroughs on AWB enhancement in recent years. Now, the ITU-T draft Recommendation TECNO submitted provides a chance to turn the tables by unifying the data collection and annotation in the industry. The training data used in AWBE become more consistent and reliable thus benefiting for the technology enhancement. It will provide a more fluent and reliable experience in data transmission between different mobile terminals.

F.DC-IAA-Meta: Significant Progress in Image Aesthetics Assessment

Today’s customers not only require high-quality images taken by mobile phones, but also ask for the subject looking more beautiful. The former can detect the quality through objective evaluation of the image, but the latter often use the image subjective evaluation to assess aesthetics.

TECNO is famous for its localized and inclusive aesthetics algorithms in international market. And now it becomes an aesthetics assessment pioneer by proposing an image aesthetics assessment (IAA) draft Recommendation in ITU-T SG16 2022. It divides the dimensions of the IAA metadata into three key roles: photographer, camera, and viewer, and provides specific and core aesthetic attributes of each dimension. TECNO will make up for the lack of standards in the IAA industry in subjective image aesthetics assessment and effectively improves smart phones’ additional attributes. For example, it can help manufacturers design beauty software that better meets user needs and guide users in multiple dimensions to assist them get better photos.

F.DC-MTCPS-MCC: Standardization on Multi-camera Collaboration

Multi-camera collaboration, one of the most important features from computational photography, is used to elevate the imaging quality of smartphones to levels that are comparable to some DSLR cameras. However, TECNO’s team noticed that the wide range of camera application scenarios and different operating systems will cause some technical gaps which may make the multi-camera collaboration technologies incompatible between manufacturers.

To solve this problem, the expert from TECNO illustrates the typical application scenarios, reference architecture and related requirements for multi-camera collaboration. By standardizing the multi-camera collaboration in MTCPS, specifications can be shared, thereby promoting industrial collaboration, and improving production efficiency. Leveraging the industry-leading technology, TECNO keeps innovating and takes the application of multi-camera collaboration in its premium smartphone such as the upcoming PHANTOM X2 series.

With computational photography being the trend of smartphone image development, TECNO keeps achieving milestones through collaborations with industry partners and authoritative organizations to establish international standards in MTCPS. TECNO’s roadmap of setting MTCPS standard started in 2020, when TECNO established working groups and join the ITU officially. At the same year, TECNO present the first proposal for “F.DC-MTCPS: Reference architecture for mobile  terminal computational photography system” draft Recommendation submitted  which made TECNO as the leading player for the official launch of the standardization of MTCPS. Now, TECNO expands its presence within the field by improving the four more standard proposals in different angles base on the proposed reference system architecture.

With the ubiquitous computational photography, TECNO will continue investing in camera R&D to improve its level of computation photography’s innovation and technological breakthroughs and promote the completion of international standards in the MTCPS, creating greater value for smartphone industry and customers.

PR Newswire

Complete Genomics to Present its Multiple, Innovative Sequencing Platforms at BIOTECH SHOWCASE™ 2023

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Enhanced sequencing capabilities offer opportunity to accelerate breakthroughs in life science research

SAN JOSE, Calif., Dec. 30, 2022 /PRNewswire/ — Complete Genomics Inc（https://completegenomics.mgiamericas.com/）, a subsidiary of MGI Tech Co., Ltd., today announced that it is presenting at Biotech Showcase™ 2023, taking place in San Francisco at the same time as the JP Morgan healthcare conference. Registered attendees can view Complete Genomics presentation live and through 24×7 on-demand access if scheduling does not allow viewing during the main event week.

Complete Genomics offers complete high throughput sequencing instrumentation and related products, including sample extraction, library prep, automation system, sequencing platforms, and bioinformatics. Rade Drmanac, PhD, Chief Scientific Officer, will provide an overview of the complete suite of high throughput sequencing instruments and related products. The live presentation will be on:

Date: Monday, January 9
Time: 16:30pm PST
Venue: Hilton San Francisco Union Square Hotel
Room: Franciscan D

“Dating back to as early as 2006, we have been at the forefront of life science innovation and continue to redefine sequencing possibilities through our innovative DNBSEQTM technology,” said Dr. Drmanac. “Over the years, our massively parallel sequencing (MPS) and sample processing automation products have empowered countless customers and partners around the world in their scientific research and clinical applications. As we aim to broaden our reach into the US market, we look forward to attending Biotech Showcase™ to demonstrate our enhanced sequencing capabilities and how we can help our partners accelerate breakthroughs in life science and healthcare with this state-of-the-art technology.”

Complete Genomics sequencing platforms are based on DNBSEQTM, sample extraction, library prep, automation system, and bioinformatics to the US market and beyond. In August 2022, its DNBSEQ-G400C* sequencer was released in the US with immediate adoption in several customer labs and partnerships with various life science companies.

Moreover, Complete Genomics will launch at Biotech Showcase the “Empowerment Program America”, which will bring choice to sequencing by collaborating with researchers to develop grant proposals.

Biotech Showcase, produced by Demy-Colton and EBD Group, is an investor conference focused on driving advances in therapeutic development by providing a sophisticated networking platform for executives and investors that fosters investment and partnership opportunities. The conference takes place each year during the course of one of the industry’s largest gatherings and busiest weeks.

“We are delighted that Complete Genomics will be joining us in San Francisco and presenting at Biotech Showcase this year,” said Sara Demy, CEO of Demy-Colton. “Biotech Showcase is a prime occasion for life science entrepreneurs and investors to come together to discover the potential of innovative technologies that will drive the future of drug discovery.”

ABOUT BIOTECH SHOWCASE

Biotech Showcase is an investor and networking conference devoted to providing private and public biotechnology and life sciences companies with an opportunity to present to, and meet with, investors and pharmaceutical executives in one place. Investors and biopharmaceutical executives from around the world gather at Biotech Showcase during this bellwether week which sets the tone for the coming year. Now in its 15th year, this well-established, highly respected conference features multiple tracks of presenting companies, plenary sessions, workshops, networking, and an opportunity to schedule one-to-one meetings. Biotech Showcase is produced by Demy-Colton and EBD Group. Both organizations have a long history of producing high-quality programs that support the biotechnology and broader life sciences industry.

ABOUT COMPLETE GENOMICS

Complete Genomics, a subsidiary of MGI Tech Co., Ltd., is a global life science company offering lab automation and a comprehensive high throughput sequencing product portfolio. Founded in 2006 and currently located in San Jose, California, Complete Genomics maintains a demo lab and full supply center with all of its sequencers and lab automation equipment on display. Complete Genomics released its first next-generation sequencing system, the DNBSEQ-G400C* platform in the US, in August 2022. For all sequencer specifications, please visit the Complete Genomics website.

Follow Complete Genomics on Twitter at @ Complete Genomics and Biotech Showcase at @EBDGroup and @Demy_Colton and tag your posts with #BiotechShowcase

*Unless otherwise informed, StandardMPS and CoolMPS sequencing reagents, and sequencers for use with such reagents are not available in Germany, Spain, UK, Sweden, Belgium, Italy, Finland, Czech Republic, Switzerland, Portugal, Austria, and Romania. Unless otherwise informed, StandardMPS sequencing reagents, and sequencers for use with such reagents are not available in Hong Kong. No purchase orders for StandardMPS products will be accepted in the USA until after January 1, 2023.

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The 18th ICIF opens in Shenzhen to seek global cultural cooperation

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SHENZHEN, China, Dec. 29, 2022 /PRNewswire/ — The 18th China (Shenzhen) International Cultural Industries Fair (ICIF) kicked off on December 28, 2022. This year’s ICIF is held mainly offline, complemented by synchronized online exhibitions. It is estimated that over 2,500 governmental delegations, cultural institutions and businesses will attend the fair on site, while 800 institutes and enterprises will set up online booths.

The ICIF is the first cultural fair in China recognized by the Global Association of the Exhibition Industry (UFI). Since its inception in Shenzhen in 2004, the fair has seen a continuous increase in exhibition scale, audience, and level of internationalization. It has now grown into a key engine for China’s cultural industrial growth, as well as an important platform and window to spread Chinese culture to the world, according to Shenzhen Municipal People’s Government.

According to statistics, every year, the ICIF gathers over 100,000 exhibits from cultural and creative industries at home and abroad, and more than 4,000 cultural investment and financing projects are displayed and traded at the fair. By participating in the event, numerous excellent overseas businesses and institutions have successfully expanded their market and found new opportunities for cooperation and development.

Notably, an International Exhibition Hall has been set up on this year’s Cloud ICIF. A total of 300 overseas cultural institutions and businesses from 30 countries and regions across the globe have been invited to the online fair. Domestic and foreign cultural products and projects are being displayed on the online platform, with a strong emphasis on promoting cultural exchange and trade between China and other countries along the Belt and Road, and expanding the international network for cultural trade.

Miao Song, founder and director of the Canada China Art-Tech (CCAT), brought along its Canadian partners Telefilm Canada, Concordia University, and The 7 Fingers. She said, “This is the 4th time we have participated in the ICIF. This year we see more participating countries and more diverse exhibits. Particularly, the technology culture products have never failed to impress me.”

In response to a question on why the CCAT takes part in the fair, Director Song believes that the CCAT shares many core values with the ICIF in supporting the growth of China’s cultural industry and assisting Chinese cultural products in reaching a global audience. She added: “The CCAT exhibits are diversified, embracing science and technology, arts, academia and humanities, and other sectors, so it fits well with the ICIF’s high-quality, diverse and comprehensive display mode.”

Additionally, this fair has opened up new avenues for attracting foreign investment and exhibitors, so as to engage more domestic and international cultural institutions and businesses, and help exhibitors accelerate their integration into China’s “dual circulation” development pattern and develop new markets. It will build itself into a significant cultural platform for international procurement, investment promotion, people-to-people exchange, and open cooperation. A total of 10,931 buyers from 108 countries and regions, like France, Germany, and Pakistan, have registered for the online fair.

Ambassador JUDYTH NSABABERA from Consulate General of the Republic of Uganda in Guangzhou said: “This year, we are honored to participate in the 18th ICIF online and offline. We hope that through this exchange, we can show our African culture, products and projects on such an excellent platform as the ICIF, and we also hope that through this ICIF we can help the development of cultural industries in China and Uganda reach a higher level.”

As a state-level, international and comprehensive fair for cultural industries, the ICIF has celebrated 17 sessions so far. It has promoted the development of cultural industry across the country as well as that of Shenzhen City. The fair has become a signature event to showcase Shenzhen’s achievements in economic, social and cultural development and an important window into this growing metropolis. Currently, the added value of Shenzhen’s cultural industries has exceeded 25 million yuan, accounting for over 8% of the city’s GDP.

Director Song Miao said, “Shenzhen is an international city with high inclusiveness and a front-runner in opening up. Boasting a large number of high-tech enterprises and a huge market, it has maintained a robust growth momentum in foreign investment and continuously witnessed an increase in the number and scale of businesses going global. The CCAT wants to further cooperate with Shenzhen businesses and institutions in film-making, film-related activities, technology development, and project venture capital investment to achieve win-win results. In addition, we would like to express our sincere thanks to and our full confidence in the ICIF’s positive role in boosting the cooperation.”

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CGTN: Vitality under COVID-19: China’s smart ports aid increased throughput

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BEIJING, Dec. 29, 2022 /PRNewswire/ — China’s Qingdao Port, a subsidiary of Shandong Port Group and the second-largest foreign trade port in east China’s Shandong Province, has seen an increase in anchorage rotations of very large container ships, according to China Media Group.

The port has handled ultra-large container ships more than 300 times. Ultra-large container ships are usually 400 meters long and have a capacity of over 20,000 twenty-foot equivalent units (TEU).

The port has also handled 200-meter-long container ships more than 3,900 times, a 7-percent increase year on year, CMG said.

Handling that much freight under the impact of COVID-19 is challenging, particularly with reduced labor. However, the unloading rate at the Qingdao Port increased by 16 percent from January to November, thanks to the port’s record-setting intelligent system.

The COVID-19 pandemic has greatly impacted the global port and water transportation industry. However, China’s major ports have seen an increase in throughput and made significant progress in digital and intelligent construction, thereby playing a leading role in the intelligent development of ports globally.

Qingdao Port is the world’s first to have an air-track intelligent transporting system capable of handling 1.5 million TEUs annually. The system set a new world record in June for managing as many as 67.76 TEUs in an hour, with an average of 60.18 TEUs per hour, a 14.2-percent jump from its previous record.

China now leads the world in the number of automated terminals, both built and under construction, according to the Ministry of Transport. All the major ports in Shanghai and Tianjin are equipped with automated bridge cranes or tracks.

Coupled with the continuous investment in domestic ports and a large number of high-tech enterprises, the concept and practice of smart port construction have been innovative, Mi Weijian, a professor at Shanghai Maritime University, told Xinhua.

For large corporate ports, such as the Shandong Port Science and Technology Group, in-house cooperation is the key to upgrading existing facilities into a fully automated waterfront container terminal, which helps reduce the overall costs by 70 percent compared with newly built terminals, according to Xinhua.

“Now we have traditional terminals, semi-automatic terminals and fully automatic terminals,” said Wang Yusheng, deputy general manager of the group. “The loading and unloading of a ship can be done in three different kinds of terminals, which maximizes the integration of terminal resources.

Link: https://news.cgtn.com/news/2022-12-28/Vitality-under-COVID-19-China-s-smart-ports-aid-increased-throughput-1g7OLnTDJtK/index.html

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ViewSonic’s Total Visual Solutions Bring 2022 ColorPro Award To Life with Captivating Exhibitions in the UK and Taiwan

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BREA, Calif., Dec. 29, 2022 /PRNewswire/ — ViewSonic, a leading global provider of visual solutions, hosted the 2022 ColorPro Award Global Visual Arts exhibitions in London, UK, and Taipei, Taiwan. The events showcased the top 100 winning photos and digital arts with the theme “Breakthrough” and hosted conversational workshops to create dialogues between the visitors and creators. The exhibition was elevated into an immersive experience by ViewSonic’s total visual solutions, creating a welcoming environment for visitors to explore and witness the power when art meets technology.  

“Here at ViewSonic, we strive to create displays that address the needs of a diverse market. The ColorPro product line was designed for creators with incredible color performance and to help turn ideas into reality,” said Oscar Lin, General Manager of the Monitor Business Unit at ViewSonic. “Through the ColorPro Award, we worked with leading brands to develop an ever-growing ecosystem of photographers and creators. The conversations will last even after the exhibitions have ended, creating a ripple effect for more breakthroughs in the art community.”

The 2022 ColorPro Award exhibitions were opened to the UK and Taiwan public in the UK and Taiwan, with exclusive workshops and ColorPro Talks to interact with photography and digital art professionals. The events offered an opportunity for like-minded people to meet with the industry’s leading photographers, artists, and creative industry influencers.  Also demonstrated was ColorPro’s latest VP16-OLED, an award-winning portable display, which is an excellent option for creators who are always on the go.

Located in the heart of London, UK, the first exhibition used ColorPro and CDE20 large-screen displays to turn a space into a simple yet intriguing exhibition room for art. When stepping into the space, visitors were welcomed with digital art presented on the displays with vibrant colors while surrounded by traditional red brick walls. ViewSonic also collaborated with the UK Shooters to host three photography editing workshops, allowing participants to use the latest ColorPro VP2786-4K and VP2776 professional monitors to edit photos they took during the workshop.

At the other exhibition in Taipei, ViewSonic employed a “breakthrough” concept of using the three RGB colors to divide the gallery into three main sections. On top of this idea, the hybrid exhibition utilized an array of ViewSonic’s visual solutions – a LED display, projectors, monitors, ViewBoard interactive displays, and pen displays to showcase the winning works. The ColorPro Talks in Taiwan featured renowned photographers and cross-border professional creators. They shared their experiences navigating diverse art formats in different industries, from commercial shooting to filmmaking, while also providing professional tips for color editing. 

To access the online gallery, please click here. For event highlight, please see the YouTube video here. 

About ViewSonic

Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, digital signage, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 30 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers “See the Difference.” To find out more about ViewSonic, please visit www.viewsonic.com.

Source: ViewSonic Corp.

https://mma.prnasia.com/media2/1974437/colorproevent1226.mp4