Yearly Archives: 2022

PR Newswire

Donner Teams up with Guitarist and Internet Sensation Kfir Ochaion for NAMM Believe in Music 2022

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LOS ANGELES, Jan. 26, 2022 — Donner, the pioneer of innovative instruments and electronics, made its US debut at NAMM Believe in Music 2022. To honor this achievement, Donner has partnered with electric guitarist Kfir Ochaion to represent the brand and showcase their award-winning Seeker Series DST-400 electric guitar on the official NAMM web stream hosted on BelieveinMusic.tv on January 20-21.

Kfir Ochaion is showcasing his latest original single “Ride the Dragon” with Donner DST-400 electric guitar at NAMM Believe in Music Week.
Kfir Ochaion is showcasing his latest original single “Ride the Dragon” with Donner DST-400 electric guitar at NAMM Believe in Music Week.

NAMM Believe in Music Week is a global gathering to unify and support the people who bring music to the world. The event, which is taking place virtually on attend.believeinmusic.tv, presented to millions of music fans from all over the world. Every year NAMM brings together instrument makers with the world’s top musicians. The two-day event has featured inspiring interviews, live performances, and tutorials.

Donner is dedicated to supporting rising musical talents worldwide. At this years’ NAMM Believe in Music, Donner has teamed up with Kfir Ochaion, an Israeli electric guitar virtuoso who has captivated the world with his lyrical melodic style. A self-taught artist, he started his Youtube channel in 2006 and has since grown his following to 1.67M subscribers with 300M views. Kfir plays a mixture of cover music and original music on his social media channels. He maintains a strong connection with his fans by sharing his performance experiences, personal transition to producing music, and showcasing his unique guitar collection.

"I am honored to partner with Donner and to represent them at NAMM Believe In Music. The Donner DST-400 is the perfect guitar for beginner to intermediate players looking to jumpstart their musical careers", says Kfir Ochaion. "The tones of the DST-400 are comparable to many of the professional guitar models I own. The guitar base and structure will last many plays and will be a solid companion throughout a musicians’ journey. I wish I had Donner around when I was first learning how to play."

With the classic three-pickup, 22-fret configuration, and surf rock styling that has become an industry standard, the DST-400 stands out among similar brands in the price range. The DST-400 features a coil-split push/pull switch under the bridge tone knob that gives players a choice between the thicker, punchier sound of the bridge humbucker or the brighter, clearer sound of a single-coil pickup in the bridge position. These pickup options are not usually found on guitars in this price range or even guitars that cost far more. The DST-400 is the ideal instrument for anyone wanting to learn guitar.

The Donner DST-400 is an ideal guitar for beginners, featuring a coil-split push/pull switch under the bridge tone knob that gives players a choice between the thicker, punchier sound of the bridge humbucker or the brighter, clearer sound of a single-coil pickup in the bridge position.
The Donner DST-400 is an ideal guitar for beginners, featuring a coil-split push/pull switch under the bridge tone knob that gives players a choice between the thicker, punchier sound of the bridge humbucker or the brighter, clearer sound of a single-coil pickup in the bridge position.

Donner aims to inspire and equip musical enthusiasts with excellent instruments and online learning resources. While Covid has brought a lot of education online, Donner is developing a global music education community with the recent launch of the Donner Music app, which gives artists from all over the world a platform to learn and share music. Donner has teamed up with professors from Berklee College of Music to offer unique courses to the public for free, making music education accessible to everyone with the Donner Berklee Tutor Course Series. 

Kfir Ochaion – Ride the Dragon (Original) with Donner DST-400 electric guitar video

https://youtu.be/S32QSnptdVs

About Donner
Since 2012, Donner has been committed to creating new experiences in music and performance. As a pioneer of innovative instruments and electronics, we have brought the joy of musical performance to people worldwide. In the past ten years, Donner has rapidly grown as an international brand selling to Asia (China, Japan, Korea, etc.) Australia, Europe (UK, Germany, France, Spain, Italy, Russia, and North America (the United States and Canada). For more information, go to https://www.donnerdeal.com/

Contact details
US PR Contact
Jacqueline Smiley
marketing@donnermusic.com
917.364.6741

PR Newswire

Ericsson reports fourth quarter and full-year results 2021

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STOCKHOLM, Jan. 25, 2022 —

Fourth quarter highlights           

  • Group organic sales grew by 2% YoY. Sales in Mainland China declined by SEK -1.8 b. (-3 percentage points), meaning that excluding Mainland China organic sales growth was 5%. Reported sales were SEK 71.3 (69.6) b.            
  • Gross margin improved in all segments to 43.5% (40.6%) excluding restructuring charges. Reported gross margin was 43.2% (40.6%).           
  • EBIT excluding restructuring charges improved to SEK 12.3 b. (17.3% EBIT margin) from SEK 11.0 b. (15.8% EBIT margin) YoY. Reported EBIT was SEK 11.9 (11.0) b.           
  • Networks organic sales increased by 3%, despite significant market share loss in Mainland China. EBIT margin excluding restructuring charges was 23.6% (21.5%).            
  • Digital Services organic sales were flat and EBIT excluding restructuring charges was SEK 0.4 (0.5) b.           
  • Reported net income was SEK 10.1 (7.2) b. EPS diluted was SEK 3.02 (2.26).             

Full-year highlights           

  • Group organic sales grew by 4%, with an increase in Networks sales of 7%. Reported sales were stable at SEK 232.3 b. The loss of market share in Mainland China impacted sales by SEK -7.7 b. and the growth rate by -3 percentage points, meaning that excluding Mainland China, organic sales growth was 8%.           
  • Gross margin excl. restructuring charges was 43.5% (40.6%), driven primarily by strengthened operational leverage in Networks.           
  • EBIT margin excluding restructuring charges improved to 13.9% (12.5%), reaching the 2022 group target already in 2021.           
  • Reported net income was SEK 23.0 (17.6) b. EPS diluted was SEK 6.81 (5.26).           
  • Free cash flow before M&A amounted to SEK 32.1 (22.3) b. Net cash was SEK 65.8 (41.9) b. on December 31, 2021.           
  • The Board of Directors will propose a dividend for 2021 of SEK 2.50 (2.00) per share to the AGM.

SEK b.

Q4
2021

Q4
2020

YoY
change

Q3
2021

QoQ
change

Jan-Dec
2021

Jan-Dec
2020

YoY

change

Net sales

71.3

69.6

3%

56.3

27%

232.3

232.4

0%

     Sales growth adj. for comparable units and currency [1] 

–

–

2%

–

–

–

–

4%

Gross margin [1] 

43.2%

40.6%

–

44.0%

–

43.4%

40.3%

–

EBIT 

11.9

11.0

8%

8.8

34%

31.8

27.8

14%

EBIT margin [1] 

16.6%

15.8%

–

15.7%

–

13.7%

12.0%

–

Net income 

10.1

7.2

41%

5.8

76%

23.0

17.6

30%

EPS diluted, SEK 

3.02

2.26

34%

1.73

75%

6.81

5.26

29%

Measures excl. restructuring charges [1]

Gross margin excluding restructuring charges 

43.5%

40.6%

–

44.0%

–

43.5%

40.6%

–

EBIT excluding restructuring charges 

12.3

11.0

12%

8.8

39%

32.3

29.1

11%

EBIT margin excluding restructuring charges 

17.3%

15.8%

–

15.7%

–

13.9%

12.5%

–

Free cash flow before M&A 

13.5

12.8

6%

13.0

4%

32.1

22.3

44%

Net cash, end of period 

65.8

41.9

57%

55.7

18%

65.8

41.9

57%

[1] Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements

Comments from Börje Ekholm, President and CEO of Ericsson (NASDAQ:ERIC)

Our strategy to invest in technology leadership and grow market share in our core business underpinned a robust financial performance in 2021 and ensured a good Q4 for Ericsson overall. Our commitment to pursue value from growth in wireless enterprise took a significant step forward with the announcement of our ambition to acquire Vonage, which will give us the foundation to develop a Global Network Platform to drive innovation on top of the 5G networks. This adds to already strong progress in 2021 in our organic enterprise portfolio – Dedicated Networks and IoT – and follows the successful integration of Cradlepoint. With a full-year EBIT margin[2] of 13.9%, we reached our 2022 target one year early, while absorbing significantly increased investments in R&D, Enterprise, cybersecurity and compliance. Fourth quarter organic sales[1] grew by 2%, gross margin[2] improved to 43.5% (40.6%), the EBIT margin[2] reached 17.3% (15.8%) and free cash flow before M&A amounted to SEK 13.5 (12.8) b.

Networks sales[1] grew organically by 3% in Q4, despite considerably lower volumes in Mainland China. Gross margin[2] improved to 46.4% (43.5%). The 2021 financial performance and continued market share gains outside of Mainland China are underpinned by our investments in technology leadership. We have so far been able to mitigate the inflationary pressure by continuously evolving our product portfolio. We strengthened our industry-leading portfolio during the year with ultra-light, energy-efficient Massive MIMO radios for enhanced network performance and our new Cloud RAN portfolio for 5G mid band.

In Q4, Digital Services organic sales[1] were stable YoY. Excluding sales in Mainland China, where we had considerably lower volumes, sales[1] increased by 3% YoY in the fourth quarter. Fourth quarter gross margin[2] improved to 43.4% (41.0%) with a positive EBIT[2] of SEK 0.4 b. During 2021 we continued to invest in R&D, particularly for the cloud native offerings and our portfolio is now substantially transformed compared with a few years ago. We will continue to increase investments in our 5G portfolio, including in our orchestration offerings, to further strengthen our long-term competitiveness and position us in an open world for future standards and technologies. We expect profitability to gradually improve and over time exceed our original EBIT margin[2] target of 10–12%.

Managed Services delivered a gross margin[2] of 18.9% (17.7%) in Q4. For the full year of 2021 organic sales[1] declined by -6% as new deals did not offset lower customer demand, contract rescoping and planned exits. To grow profits, we will accelerate the ongoing transformation towards a more software-driven offering with higher margin potential.

Emerging Business and Other delivered an improved gross margin[2] of 35.2% (33.8%) in Q4. For full-year 2021, gross margin[2] improved to 37.3% (28.0%), where Cradlepoint’s performance is the main contributor. We are seeing increasing momentum for our 5G portfolio in Dedicated Networks and Cradlepoint.

IPR revenues amounted to SEK 2.4 (2.6) b., including a new smaller agreement with retroactive impact. With our strong position in 5G and leading, broad patent portfolio we believe we are well positioned to conclude pending and future patent license renewals. Ericsson’s IPR licensing revenues continue to be affected by several expiring patent license agreements pending renewal and 5G license negotiations. This will lead to estimated revenues from IPR licensing of SEK 1.0–1.5 b. in Q1, unless renewals are signed in the first quarter. The actual financial impact will depend on the timing as well as terms and conditions of new agreements.

In October, we received correspondence from the Department of Justice that we had breached our obligations under the Deferred Prosecution Agreement by failing to provide certain documents and factual information. At this point in time, we cannot provide further information or predict the outcome. We continue to invest in improving our Ethics and Compliance program in accordance with our strategy and objectives. We are firmly committed to continuously develop and improve in the years to come to ensure a sustainable compliance program.

Free cash flow before M&A was SEK 32.1 (22.3) b. for full-year 2021, the highest in Ericsson’s history, further strengthening the net cash position to SEK 65.8 (41.9) b. During the last few years, our strategy has been to increase the flexibility of our business and reduce the capital tied up in the business. Consequently, we are now able to operate the Company with less capital than in the past. The Board will propose a dividend of SEK 2.50 (2.00) per share to the AGM, underlining the confidence in Ericsson’s business going forward.

Based on current business momentum, we expect fundamentals to remain strong in our core mobile infrastructure business during 2022. We will continue to increase investments in R&D to sustain our technology leadership and strengthen our competitive position to take advantage of the rollout of 5G networks. At the same time, we will continue our efforts to expand our presence in the enterprise market. Over time, we expect the enterprise segment to provide higher growth and profitability than our mobile infrastructure business. The Group EBIT target[2] for 2022 of 12-14% remains, excluding the Vonage-related segment. With the different business mix compared to when we set the 2022 target back in 2018, the target becomes less relevant, and our key focus is therefore now to accelerate the pace towards reaching our long-term target of EBITA margin[2] of 15-18%. After delivering an EBITA margin[2] of 14.6% in 2021, our ambition is to reach the long-term target no later than in 2-3 years. At that time, we will have a higher growth profile as a company.

2021 was a successful year for Ericsson and I want to take this opportunity to thank all my colleagues who relentlessly delivered on customer commitments while navigating through supply chain challenges and a raging pandemic. I am proud to be part of this team!

Stay healthy and well.

Börje Ekholm

President and CEO

[1] Sales adjusted for comparable units and currency

[2] Excluding restructuring charges

NOTES TO EDITORS

You find the complete report with tables in the attached PDF or by following this link https://www.ericsson.com/assets/local/investors/documents/financial-reports-and-filings/interim-reports-archive/2021/12month21-en.pdf or on www.ericsson.com/investors

Video webcast for analysts, investors and journalists

President and CEO Börje Ekholm and CFO Carl Mellander will comment on the report and take questions at a live video webcast at 9:00 AM CET (8:00 AM GMT London, 3:00 AM EST New York).

To join the webcast, please go to www.ericsson.com/investors

To ask a question, please call:

Sweden: +46 (0)8 566 426 51 (Toll-free Sweden: 0200 883 685)

International/UK: +44 (0)333 300 0804 (Toll-free UK: 0800 358 9473)

US: +1 631 913 1422 (Toll-free US: +1 855 85 70686)

PIN code: 67215644#

Please call in at least 15 minutes before the webcast starts.

The webcast will be available on-demand after the event and can be viewed at www.ericsson.com/investors.

FOR FURTHER INFORMATION, PLEASE CONTACT

Contact person

Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com

Additional contacts

Stella Medlicott, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com

Investors

Lena Häggblom, Director, Investor Relations
Phone:  +46 72 593 27 78
E-mail:  lena.haggblom@ericsson.com

Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: stefan.jelvin@ericsson.com

Media

Kristoffer Edshage, Director Corporate Media
Phone: +46 722 20 44 46
E-mail: media.relations@ericsson.com

Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

This is information that Telefonaktiebolaget LM Ericsson 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, at 07:00 CET on January 25, 2022.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/ericsson-reports-fourth-quarter-and-full-year-results-2021,c3491742

The following files are available for download:

https://mb.cision.com/Main/15448/3491742/1524646.pdf

Ericsson fourth quarter and full year report 2021

 

PR Newswire

K-Pop Boy Group SHINee Minho’s Version of “AI Guide” Will Guide Gwanghwamun Tourism, Using DeepBrain AI’s AI Human Technology

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SAN MATEO, Calif., Jan. 25, 2022 — DeepBrain AI applied AI human technology to "Gwanghwa-in", a newly created Gwanghwamun Era project in Gwanghwamun, Seoul, and recreated K-Pop group SHINee’s Minho as an "AI guide". This AI version of SHINee Minho is capable of delivering accurate information through AI Human solution that allows real-time conversation. It will provide information on palaces, cultural heritages, tourist attractions and many more including today’s weather.

Image of K-Pop group SHINee Minho as an “AI guide” delivered to "Gwanghwa-in" a newly created Gwanghwamun Era project in Gwanghwamun, Seoul, Korea.
Image of K-Pop group SHINee Minho as an “AI guide” delivered to "Gwanghwa-in" a newly created Gwanghwamun Era project in Gwanghwamun, Seoul, Korea.

Gwanghwa-In is one of eight projects in the Gwanghwa Era project promoted by the Korea Creative Content Agency through the combination of cultural and tourism content and 5G realistic technology, and DeepBrain AI participated in developing AI guides that can be found in Gwanghwa-In.

DeepBrain AI’s AI technology is a solution that creates AI humans capable of real-time two-way communication and provides complete non-face-to-face services in various fields, eliminating time and space constraints in service use, and reducing labor costs.

The AI guide introduced consists of four models including SHINee Minho, serviced in Korean, English, Japanese, and Chinese. The models use core technologies that combine DeepBrain AI’s speech, video synthesis, natural language processing, and voice recognition. For this project DeepBrain AI especially focuses on developing maximum database by utilizing the latest information provided by the Cultural Heritage Administration in developing AI guides and accurately providing the information needed for tourists by learning various dialogue scenarios.

The AI guide serves to provide information on major tourist attractions and cultural heritages in Seoul and travel information such as restaurants and cafes in Gwanghwamun to domestic and foreign tourists who visit the center. First, when the user approaches the AI guide, it automatically switches to the language selection screen, and begins introduction by the welcome greeting of the AI guide.

Media contact: John Son, email: press@deepbrainai.io

PR Newswire

Yuan Yuan’s Journey to Chinese Mainland Episode I – Beautiful Countryside

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BEIJING, Jan. 24, 2022 — A new report by China.org.cn on China’s countryside:

Hello everyone, my name is Yuan Yuan. I was born and grown up in Taiwan. My family has been telling me since I was a child, that I am Chinese. China is a big country. Taiwan region is separated from a relative called "Chinese mainland" by the sea.

 

What is the other side of the strait like? If you want to know, come with me on a trip to Chinese mainland!

Many people have the impression that Chinese mainland is poor and backward. But when I came to Chinese mainland, I was greeted by the wide and bustling streets of the city, the tall buildings lined up, the roads lined with traffic and the intertwined neon lights. People dress fashionably and avant-garde, happiness and confidence are on their faces.

Walking into the China’s countryside, you no longer see dirty streets and dilapidated village houses. After eight years of targeted poverty alleviation and five years of the battle against poverty, China has achieved a major victory in building a moderately prosperous society in all respects which impress the world.More than 9.6 million people have been completed poverty alleviation relocation, 832 designated poor counties got rid of poverty, nearly 100 million poor people have been lifted out of poverty. This is worthy of praise!

Nowadays, when you walk through the fields of China’s countryside, you can see the staggered delicate buildings, clean and tidy roads, and an endless sea of smoke connected to the blue sky. The "beautiful countryside" is in front of you.

China is not stopping there. Eliminating absolute poverty is the first step, the revitalization of the rural area is on the timetable. There is a Chinese jingle that if you want get rich, build a road first.

In China’s countryside, where villages are connected to large roads, trucks go straight to the village, transporting agricultural products out, bringing consumer goods in, making villagers richer, their lives better, and their faces always smiling.

What is life like for Compatriots in Chinese mainland now? Stay tuned for our next episode.I’ll tell you more!

Yuan Yuan’s Journey to Chinese Mainland Episode I – Beautiful Countryside

http://news.china.com.cn/txt/2022-01/21/content_78002884.htm

PR Newswire

Azentio Software announces Aliza Knox as new Board Member

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SINGAPORE, Jan. 24, 2022 — Azentio Software ("Azentio"), a global information technology company, is pleased to announce the appointment of Aliza Knox as a Non-Executive Director to the Board.

Azentio Software announces Aliza Knox as new Board Member
Azentio Software announces Aliza Knox as new Board Member

Aliza brings to Azentio a wealth of knowledge and expertise with over three decades of broad international marketing and management experience. She is most recognized for building and operating successful businesses in complex and emerging sectors including financial services, consulting, mobile, SaaS, while covering markets across Asia, Latin America, and Europe.

Aliza has held several leadership roles in relationship development, sales and operations, as well as strategic partnering. Most recently, Aliza was Head of APAC for Cloudflare and previously was Chief Operating Officer at Unlockd. In an earlier role, she held the position of Head of APAC for Twitter, having joined the digital enterprise after Google, where she was Managing Director of Online Sales & Operations in APAC. Aliza has extensive financial services experience at eminent companies like Visa International and Charles Schwab Corporation. She was the Vice President and Director – Asian Financial Services at Boston Consulting Group.

Aliza has served on the boards of listed companies in Australia, Singapore, Germany and UK. She was an advisor to the ANZ Bank Board Technology Committee. As a Non-Executive Board Director and advisor, she is dedicated to empowering the next generation of leaders, to build successful global businesses. As one way to do this, she has written the forthcoming book ‘Don’t Quit Your Day Job’ (Wiley; April 2022). 

Commenting on Aliza’s appointment, Tony Kinnear, Chief Executive Officer, Azentio Software, said, "We welcome Aliza to our Board. Her extensive operational experience as a senior executive in marquee global firms and her knowledge and insights in customer-driven technology businesses will add depth to the Board’s competencies as we continue to execute on our ambitious growth plans and drive value for our clients."

"I am honoured to be joining Azentio at such a challenging and exciting time," stated Aliza Knox. "As someone who is passionate about technology, I am confident and excited about the direction that Azentio is taking. I look forward to working with the Board and the talented leadership team on accelerating our core business initiatives and shaping a robust, sustainable growth path for Azentio," she said.

About Azentio Software Private Ltd

Azentio Software provides mission critical, core and vertical-specific software products for clients in banking, financial and insurance services primarily across the Middle East and Africa, Asia Pacific, and India. The company’s flagship products include Premia Astra™ and Beyontec Suite (Core Insurance Software), Kastle™ (Universal Banking Solution), iMAL™ (Islamic Core Banking Platform), AMLOCK™ (Financial Crime Detection and Management Solution), MFund Plus™ (Wealth & Asset Management Solution) and Orion™ (Enterprise Resource Planning Solution). More details can be found here azentio.com/

Media Contact:
Danielle Karam
danielle.karam@azentio.com

 

PR Newswire

‘Non Fungible Penny’ A New Gold Penny of Henry III*

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SINGAPORE, Jan. 22, 2022 — Metaverse Blockchain Fusion NFT™ company, Coinllectibles™, a wholly owned subsidiary of Cosmos Group Holdings, Inc. (OTC: COSG) is pleased to announce that it has partnered with Spink to offer the First Ever Collectible NFT Coin to be offered by an international auction house. This will also be the first NFT ever issued by Spink, a renowned collectors’ auction house dating back to 1600s.

Like the yellow petals of the broom plant adorning the cap of the Plantagenets, the powerful immutability of this almost pure gold coin has remained untarnished and unexposed for centuries. That was until a chance signal on Sunday 26 September 2021 rediscovered its beauty, a beauty that has caused a viral media sensation across the globe in the days prior to auction at Spink.

About the ‘Non Fungible Penny’

This specially commissioned virtual moving graphic, to be minted into a similarly immutable Hybrid NFT™, commemorates that unique moment, as the Hemyock soil is finally removed after 765 years to unearth the most important single coin find made in Britain for over a decade, and the first time a new coin of this type has been placed in the archaeological record for almost 260 years. Where once the coin fell from the pocket of Lord of the Manor John de Hidon, it lands in all its beauty not just in our hands but our combined consciousness. And why would our embattled and emboldened King Henry, enthroned for centuries not wish to give us a cheery wink as he is once more exposed to the world?

*In 1257 King Henry III of England launched a gold coinage. It was not a success and only seven of the coins are known to have survived, that is until September 2021 when an eighth was discovered by a metal detector in a field at Hemyock in Devon. It is the image of this eighth coin that is the subject of the present auction. Henry’s coinage was the first minted in gold since the Norman Conquest, all the Norman and Angevin kings having confined themselves to minting silver pennies. A series of questions naturally arise. Why did Henry mint his coinage? Where did the gold come from? Why did the coin have a unique design? How many coins were minted, and what happened to them? Why did the enterprise fail? Fortunately, the source material allows at least some answer to these questions. It also permits a suggestion as to how one of the coins ended up at Hemyock. 

Read the full story here: 
https://d3ums4016ncdkp.cloudfront.net/auction/catalogue/22104/22104.pdf  (lot 220 that precedes sale of NFT lot 221)

How to bid for the ‘Non Fungible Penny’ on Coinllectibles’ MetaMall

The h-NFT (Hybrid NFT™) contains the ownership title to the private and commercial licences described therein with respect to the video Mp4 4k UHD file. Proceeds from the auction will be split over charities chosen by the vendor and Spink, specifically The Rodney Cook Memorial Fund and the Himal Foundation. 

To bid for the h-NFT, please visit Coinllectibles’ MetaMall, click on the project details and transfer your bids to the digital auction wallet. The details of the digital auction wallet will be made available at 7.00am UTC on http://www.coinllectibles.art/.

Bidders can bid for the h-NFT in either Binance Coin (BNB) or Colligo Tokens (COTK). A bid is considered when someone transfers BNB/COTK to the digital auction wallet and each bidder will be recognised by the unique digital wallet address. To illustrate, if Bidder A makes a bid for 2,000,000 COTK while Bidder B holds 2 wallets and makes bids at 1,600,000 COTK and 1,700,000 COTK respectively, Bidder A will be deemed the winner. While Bidder B made a total bid amounting to 3,300,000 COTK, they are deemed to be separate bidders due to the different wallet addresses.  

There is no limit to the number of bids and/or counterbids each wallet can make. 

To reconcile the different digital currencies, the conversion rates at 5.15pm UTC will be taken.  For the avoidance of doubt the winning bid on the Coinllectibles platform will be integrated in the Spink live auction, minus the 20% buyers’ premium charged by Spink, so all bidders are treated pari passu, and the Coinllectibles winner does not pay more than original bid.

If, in the live auction, no bids exceed the Coinllectibles winning bid, then the NFT will be transferred to the Coinllectibles highest bidder.

If, in the live auction, the winning bid is above the Coinllectibles winning bid (minus the 20% Buyers premium), then the NFT will be transferred to the live auction highest bidder.  Once the winner is announced, the h-NFT will be transferred to the auction winner while the rest of the tokens will be refunded.

Starting price for the h-NFT is GBP5 (USD6.70 or COTK2900, based on current exchange rates). and the auction will close at 5:15pm UTC on Sunday 23 January 2022.

Forward Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities including the expansion into the decentralized financing space. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein include uncertainties associated with operating a business in Singapore and Hong Kong, risk of interference by the PRC government, ability to compete, that financial resources do not last for as long as anticipated, and that COSG is a holding company that may not realize the expected benefits of NFT’s offered by Coinllectibles™️. A further list and description of these risks, uncertainties and other risks can be found in COSG’s regulatory filings with the U.S. Securities and Exchange Commission, including in its current report on Form 8-K  filed on September 17, 2021. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. COSG undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

For media queries, please contact:

Ms Rachel Lim
Director, Marketing & PR
Rachel.Lim@Coinllectibles.Art 

About Cosmos Group Holdings Inc

Cosmos is a business group that operates in two business segments:

  • Arts and Collectibles  
  • Financing

Through Coinllectibles™, the group provides authentication, valuation and certification (AVC) service, sale and purchase, hire purchase, financing, custody, security and exhibition (CSE) services to art buyers through traditional channels, as well as through leveraging blockchain technology through the creation of non-fungible tokens (NFTs).

With subsidiaries licensed under Hong Kong’s Money Lenders Ordinance, the group currently primarily provides unsecured personal loan to private individuals, with a small portfolio of mortgage loans.

The group is integrating the two business segments by offering secured financing services to prospective art and collectibles purchasers to provide a one-stop arts and collectibles purchasing and financing experience.

About the Company – Coinllectibles™

Coinllectibles™ is an ACT (Arts and Collectibles Technology) company, which is redefining how the world thinks about art and collectible ownership in the digital age. 

Their minted curated Fusion NFTs™, capture all the rights and independent valuation and ownership of physical arts and collectibles securely underpinned by smart contracts stored on the blockchain.

Coinllectibles™️ Fusion NFTs™ bridge the physical and virtual dimensions of the arts and collectibles market, providing a pleasurable, transparent, and frictionless experience to customers from all walks of life.

About Coinllectibles™ Fusion NFT™
Coinllectibles™ prides the Fusion NFT™ as the industry "Gold Standard".  Being a Gold Standard, a Fusion NFT contains the following on the blockchain – (1) a sale and purchase agreement reflecting the purchase, by the person minting the Fusion NFT™, of the underlying asset at a fair value with all rights and restrictions clearly detailed, (2) bailment terms governing the rights to possession whilst the underlying asset remains with Coinllectibles™, (3) a transfer deed reflecting the transfer of the ownership of the underlying asset (together with all rights and restrictions) by the transferor to the holder of the Fusion NFT™️, (4) ownership title deed written into the description of the Fusion NFT™ and (5) the unequivocal identification file of the underlying asset, whose ownership is reflected in the title deed represented by the Fusion NFT™. In summary, a Fusion NFT™ is a Digital Ownership Title (DOT) to the physical collectible it represents.

About Spink
Spink is the world’s leading auctioneer of Stamps, Coins, Banknotes, Medals, Bonds & Shares, Autographs, Wine & Spirits, Books and Handbags & Accessories. Since its foundation in 1666, the Spink name has become synonymous with tradition, experience and integrity. Holder of royal warrants and numerous records for prices achieved at auction, Spink offers an unparalleled range of services to collectors worldwide. Headquartered in London, with offices in New York, Hong Kong, Singapore and Switzerland, Spink holds over 70 auctions a year. Catalogues can be accessed through the Spink website (www.spink.com), Spink Live online bidding platform (www.live.spink.com) or via the Spink App for mobile phones and tablets.

PR Newswire

Bilibili Awards Top 100 Content Creators of 2021

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New selection criteria bring diversity to the awards; pan-knowledge content creators surge on Bilibili

SHANGHAI, Jan. 22, 2022 — Bilibili hosted the "BILIBILI POWER UP 2021" Top 100 Content Creators Award Ceremony virtually on Jan 21, 2022, to celebrate and award the outstanding achievements of leading content creators in various categories.

Bilibili introduced the new criteria for the awards selection this year: professionality, influence, and innovation. Awarded Uploaders exemplify these dimensions in many ways. Some Uploaders, who are experts in their professional realms, actively share their knowledge through videos. Graphic designer oooooohmygosh explains complicated designing theories through vivid animation. Some Uploaders’ videos went viral on the Chinese internet in 2021 and made a positive social impact. For example, Uploader Cai Qian made replicas of the golden mask and rod found at the Sanxingdui Ruins, inspiring many Chinese young people to learn about the archaeological discovery.

As Bilibili users have shown growing interest in pan-knowledge content over the past year, more Uploaders who create knowledge-related content joined the Top 100 list. Marine geologist and member of Chinese Academy of Sciences, Wang Pinxian, became a Bilibili Uploader in June 2021, attracting over 1.35 million followers in just half a year. Battles on Sand Tables uses a 3D sand table to recreate the progression of iconic historical battles. Erersuansuan, a Peking University student, amassed over 1.4 million followers by using cute, animated videos to share tips on how to improve learning efficiency. As of 2021, pan-knowledge content views accounted for 45% of total Bilibili video views. 190 million users are watching pan-knowledge videos on Bilibili, 5 times the number of current university students in China.

Uploader Cai Qian at the BILIBILI POWER UP 2021 ceremony
Uploader Cai Qian at the BILIBILI POWER UP 2021 ceremony

More international Uploaders have also joined the Top 100 list, as their talent and expertise keep winning the hearts of Bilibili users. South Korean a cappella group MayTree joined Bilibili in April 2021, and now has over 2 million followers. Their video imitating the sound effects of the game Plants vs. Zombies using just their voices has received nearly 16 million views on Bilibili. American animator Alan Becker joined Bilibili in 2020 and now has over 1 million followers. His videos are especially attractive to the passionate anime lovers on the platform. German fitness creator Pamela Reif has made the list for two consecutive years. "I am grateful that I took the step to create and post videos for my Chinese fitness community," said Reif in her video speech after winning the award.

Three V-UPs (virtual live streamers) including Lingyuan yousa and hanser from Bilibili’s virtual live streamers project VirtuaReal, and Jia Ran from Chinese virtual idol group ASOUL all made the 2021 list. V-UP is the fastest growing category of Bilibili’s livestreaming business. From June 2020 to June 2021, more than 32,000 V-UPs joined Bilibili, a year-over-year (YOY) increase of 40%. 560 million bullet chats were sent during the livestreams of V-UPs, a YOY increase of 100%. Videos uploaded by V-UPs reached 1.89 million and increased 50% YOY, and these videos received 8.3 billion views, a 70% YOY increase.

Bilibili continues to provide incentives and commercial opportunities to encourage its Uploaders to make more high-quality videos. As of Q3 2021, over 480,000 Uploaders have benefited from the Creator Incentive Plan. In August 2020, Bilibili launched the Sparkle platform, which connects brands and agencies with content creators. The platform saw the number of new Uploaders increase 770% YOY, and the number of new brands increase 20-fold only one year after its launch. 75% of brands chose to work with Bilibili Uploaders more than once.

According to its 2021 Q3 financial report, Bilibili has 2.7 million monthly active Uploaders, a YOY increase of 61%. Average monthly video submissions hit a milestone of 10 million and increased 80% YOY. Uploaders with over 10,000 followers increased 42% YOY.

This year marks the fourth year for Bilibili to hold the Top 100 Content Creators Award Ceremony. Being an "Uploader" is a new occupation that is widely recognized by today’s society.

PR Newswire

BizLink Announces Completion of Merger with LEONI Industrial Solutions Business Group

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Fremont, Calif., Jan. 21, 2022 — BizLink, a global leader in interconnect solutions, today announces that the sale of the LEONI Industrial Solutions business group to BizLink Holding Inc. has been completed. Considering BizLink’s diversified quality solution portfolio, brand image, long standing relationships, and goodwill, the merger is one giant leap for BizLink Group. BizLink will build a new enterprise to keep providing cutting-edge interconnect solutions for customers, driving growth and innovation, and creating new opportunities for its employees, shareholders, and the communities.

BizLink will establish a new identity for itself with its business diversification and geographical expansion. With this acquisition, BizLink can greatly enhance its capabilities in the interconnect markets of Factory Automation, Healthcare, Machinery and Sensors, Telecommunication Systems, Rolling Stock, and Marine. More importantly, BizLink will become one of the world’s leading technology providers in the connectivity industry and will grow steadily and rapidly in the coming years. With the possibilities that arise from the combination of the companies, cultures, capabilities, and industries, BizLink will continue its momentum in the connectivity industry and push forward to overcome any obstacles and challenges.

The core of our philosophy is to strive towards achieving long-term values to serve the best interests of all employees, customers, shareholders, and the society. Despite the COVID-19 outbreak that has disrupted the global supply chain since 2020, BizLink has been able to achieve growth in operations through cost management, supply chain optimization, smart sourcing, and automation to increase productivity. The employees of BizLink and IN BG will work together to identify and fully utilize the tremendous potential that can be achieved from a larger manufacturing network, a broader technology spectrum, and extensive mutual know-how.

About BizLink

BizLink, founded in 1996, is headquartered in Silicon Valley, USA. Our mission is to make interconnection easier and to become the leading global interconnect solution supplier. We support industries that are environmentally conscious and improve quality of life through providing essential components, wire harnesses, and cables to a wide variety of industries such as IT Infrastructure, Client Peripherals, Optical Fiber Communications, Industrial, Motor Vehicle, Electrical Appliances, Medical Equipment, and Solar. In addition, BizLink also specializes in providing one-stop EMS and NPI services based on customer’s requests. With flexible production resources and global R&D teams in America, Europe, and Asia, BizLink always provides reliable interconnect solutions in close proximity to markets. At BizLink, we strive to keep collaborating closely with customers to turn their innovative ideas into reality. Visit www.bizlinktech.com.

PR Newswire

SHL wins eleven Industry Awards across Asia: SHL’s Cutting edge solutions won the Highest Category Awards throughout 2021

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HR Technology leaders recognized SHL as the best provider of HR and L&D services, AI recruiting tools, psychometric tests and more

SHANGHAI, Jan. 21, 2022 — SHL, the global leader in talent innovation, continued to garner critical praises from leaders and think tanks in the Human Resources space, winning eleven awards across Asia throughout 2021. The awards recognized SHL for its leadership in the industry as the leading AI, Psychometric and L&D solutions provider.

From Talent Acquisition to Talent Management, SHL’s solutions provide organizations with the power and scale to build their business with the skilled, motivated, and energized workforce they need to succeed.

China’s leading HR management think tank, HR Flag, presented SHL with Excellent Talent Testing Service Provider Award in March 2021. HREC in China presented SHL with two honors: HR’s pick-2021 China Recruitment Assessment Solution Providers and HR’s pick 2021 China Leadership Development Solution Provider.

Later in 2021, Human Resource Online announced HR Vendors of the Year 2021 Awards in Singapore and Malaysia. SHL was honored as Best Psychometric Testing Provider (Gold Category in Malaysia and Silver in Singapore) and as the best AI recruiting Tool (Gold Category Award in both countries). HRise awarded SHL for Pioneering HR Technology in 2021.

In December, New Flag awarded SHL’s solutions: Personalized Video Feedback was named– Best HR Product Award 2022 and SHL Mobilize is named– Best HR Solution Award 2022.

"2021 has really been a very successful year for us. We are humbled and honored by the recognition in multiple award categories this year," said Anthony Liu, SHL’s Managing Director for Asia. "It reflects SHL’s commitment to providing the best talent solutions to companies and helping their businesses thrive because their people thrive. We will continue to add value through more innovations in 2022."

Find the list of all the awards here.

About SHL 
SHL, the global leader in HR technology and psychometric science, transforms businesses by leveraging the power of people, science, and technology. 

Our unrivalled workforce data and highly validated talent solutions provide organizations with the workforce and scale to optimally leverage their people’s potential that maximize business outcomes.

We equip recruiters and leaders with people insights at an organization, team, and individual level, accelerating growth, decision making, talent mobility, and inspiring an inclusive culture. To build a future where businesses thrive because their people thrive.

With 45 years of talent expertise, we are the trusted technology partner to more than 10,000 companies worldwide, across more than 150 countries, including 50% of the Fortune Global 500 and 80% of the FTSE 100. For more information, visit shl.com

Contact 
Kristina Iniguez
PR@shl.com

PR Newswire

Yealink Reveals Latest BH7X Bluetooth Headsets Designed for the Hybrid Generation

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XIAMEN, China, Jan. 21, 2022 — Yealink (Stock Code: 300628), a global leading unified communications (UC) solution provider, has officially announced the release of its new BH7X Bluetooth Headsets to meet the demands of the predominant hybrid working population.

Yealink has announced its new BH7X Bluetooth Headsets to meet the demands of the predominant hybrid working population.
Yealink has announced its new BH7X Bluetooth Headsets to meet the demands of the predominant hybrid working population.

Following the launch of the company’s WH6X DECT headsets, Yealink has solidified its position as the provider of top professional headsets for office use. Targeting workers of the "H Generation" — a Hybrid breed of professionals that have a pressing need for quality Headsets — the company understands the demand for a product that can fulfill work requirements competently, with portability at its core, and flexible enough for casual use. The new BH7X Bluetooth Headset is the solution.

Finding a workspace anywhere is easy with the help of the BH7X. The technology and components powering Yealink’s latest product include:

  • Ole Wolff Diaphragm
  • Hi-Fi Level Audio Codec aptX
  • Intelligent dynamic Active Noise Cancellation (ANC)
  • Acoustic Shield Technology
  • Multiple noise-cancellation microphones

This allows for excellent voice quality and clarity for daily use, and no compromise whether it is for work, leisure, or general call experience wherever users may be. The BH7X also brings wireless charging and seamless UC compatibility to further enhance productivity in the workplace.

Engineered for the hybrid generation, the BH7X fits in seamlessly at the office or on the go with its contemporary design and a discrete, hidden boom arm that still guarantees exceptional, professional sound and enjoyment of all-day comfort.

In addition to the BH7X, the Yealink Headset family is bolstered by other effective products such as the Yealink UH38 Premium USB headset, which provides stable communication with Bluetooth & USB dual connection; for more personal collaboration usage, interested consumers can also consider the Yealink WH DECT series for all-in-one call control & cross devices usage.

All devices are designed to work flawlessly with the Yealink UC family, powering workers into a future of hybrid operations and communications needs.

Learn more about Yealink BH7X headsets from the launch event: https://www.yealink.com/bluetooth-headsets-new-product-launch?utm_source=pr_article&utm_medium=banner&utm_campaign=website  

About Yealink Inc.

Yealink (Stock Code: 300628) is a global brand that specializes in video conferencing, voice communications and collaboration solutions with best-in-class quality, innovative technology and user-friendly experience. As one of the best providers in more than 140 countries and regions, Yealink ranks No.1 in the global market share of SIP phone shipments (Global IP Desktop Phone Growth Excellence Leadership Award Report, Frost & Sullivan, 2020). For more information, please visit: www.yealink.com

Media Contact
ucinfo@yealink.com