Yearly Archives: 2022

PR Newswire

CBAK Energy Reports Third Quarter 2022 Unaudited Financial Results

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–Net Revenues up 504% year over year in the third quarter –

DALIAN, China, Nov. 14, 2022 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”) a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the third quarter of 2022 ended September 30, 2022.

Third Quarter of 2022 Financial Highlights

  • Net revenues were $57.7 million, an increase of 504% from $9.6 million for the same period of 2021.
  • Gross profit was $3.5 million, representing an increase of 206%, for the three months ended September 30, 2022, from gross profit of $1.1 million for the same period of 2021.
  • Net loss attributable to shareholders of CBAK Energy (after deducting change in fair value of warrants) was narrowed to $0.9 million from $3.0 million for the same period of 2021, reduced by 68.6%.

Yunfei Li, Chairman and Chief Executive Officer of the Company, commented: “Our company managed to maintain a strong momentum in the growth of revenues in the third quarter of 2022. Our efforts to develop the electric vehicle (“EV”) & light electric vehicle(“LEV”) market have achieved noticeable progress. Our revenues contributed from the EV & LEV market in the third quarter grew by 413% compared to the same period in 2021. Our strategic partnership with JinPeng Group, one of China’s biggest LEV manufacturers, and its EV manufacturing unit, Jemmell, brings our battery products to an increasing number of electric vehicles. With our cooperation with more EV/LEV manufacturers, we anticipate to see our products be applied to more electric vehicles and revenues from this market segment grow at a faster pace.” 

Mr. Li continued: “We are also glad to see that there is an increasing global demand for green energy, which substantially boost our energy storage business. We believe that our clients with businesses all over the world will keep a strong demand for our battery products in the near future.” 

Xiangyu Pei, Interim Chief Financial Officer of the Company, noted: “In the first nine months of 2022, we managed to achieve a year-over-year increase of 681% in revenues to $194 million. During this period, revenues from our battery business grew by 168% to $66.6 million as compared to the same period of 2021, of which revenues from the LEV/EV sector have posted a strong increase of 341%. Given the strong demand for our battery products, we are very positive about our growth and development in the near term.”

Third Quarter of 2022 Business Highlights & Recent Developments

  • In August 2022, CBAK Energy announced a strategic partnership agreement with Welson Power, a China-based new energy company that has a broad sales network in India, to sell CBAK Energy’s model 32140 batteries in the Indian market.
  • In September 2022, CBAK Energy announced that it obtained a battery order worth of approximately EUR 28.4 million ($27.8 million) from a leading European provider of heating, cooling and renewable energy systems. This new order will bring the total order value that CBAK Energy has received from the Customer in 2022 to approximately EUR 59.6 million.

Third Quarter of 2022 Financial Results

Net revenues were $57.7 million, an increase of 504% from $9.6 million for the same period of 2021. This was driven mostly by strong sales of high-power lithium batteries as well as from sales of materials for use in manufacturing lithium battery, a new operating segment as a result of the acquisition of Zhejiang Hitrans Lithium Battery Technology Co., Ltd (“Hitrans”) in November 2021. The table below breaks down our net revenues by segment, and further breaks down the battery segment by end application and the materials segment by product type.

Net Revenues by End-product Applications
($ thousands)

2021

Third

Quarter

2022
Third

Quarter

% Change
YoY

Segment 1

High power lithium batteries used in:

    Uninterruptible supplies

$9,335

$24,680

164 %

    Light electric vehicles

227

1,146

404 %

    Electric vehicles

–

20

–

Trading of raw materials used in lithium batteries

–

–

–

9,562

25,846

170 %

Segment 2

Materials for use in manufacturing of lithium battery cell

 Precursor                                                      

     Cathode

 

 

 

–

–

 

 

 

20,681

11,195

 

 

 

–

–

–

31,876

–

Total

$9,562

$57,722

504 %

Cost of revenues was $54.3 million, an increase of 544% from $8.4 million for the same period of 2021. This was in line with the increased net revenues.

Gross profit was $3.5 million, representing an increase of 206% from $1.1 million in the same period of 2021. Gross Margin was 6%, a decrease of 6% from 12% in the same period of 2021. The decrease in gross profits was primarily due to the increase in raw material prices and the fact that our materials segment has a lower profit margin. 

Total operating expenses were $4.9 million, an increase of 14.8% from $4.3 million in the same period of 2021. Most of the increase in all expense categories was the revenue growth and was largely attributable to an increase in headcount as result of the acquisition of Hitrans and additional hires in our new facility in Nanjing.

  • Research and development expenses were $2.4 million, an increase of 31% from $1.8 million for the same period of 2021.
  • Sales and marketing expenses were $0.8 million, an increase of 64% from $0.5 million for the same period of 2021.
  • General and administrative expenses were $1.9 million, a decrease of 14% from $2.2 million for the same period of 2021. 
  • Recovery of doubtful accounts was $0.2 million, compared to $0.2 million for the same period of 2021.

Operating loss was $1.5 million, compared to $3.2 million for the same period of 2021, representing a decrease of 53.3%.

Finance income, net was $0.7 million, compared to $0.1 million for the same period of 2021, representing an increase of 433%.

Change in fair value of warrants was $0.9 million, compared to $23.0 million for the same period of 2021. The change in the fair value of the warrants liability is mainly due to share price movement.

Net loss attributable to shareholders of CBAK Energy was $290, compared to net income attributable to shareholders of CBAK Energy of $20.0 million for the same period of 2021.

Basic and diluted loss per share were both nil. In comparison, basic and diluted income per share for the same period of 2021 were both $0.23.

Conference Call

CBAK’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, November 14, 2022 (9:00 PM Beijing/Hong Kong Time on November 14, 2022).

For participants who wish to join our call online, please visit:
https://edge.media-server.com/mmc/p/jtk2vobi

Participants who plan to ask questions at the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal pin and an email with detailed instructions.

Participant Online Registration: 
https://register.vevent.com/register/BI1d48d566e44b4cc3b22602d7960df36c

Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.

A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website:

https://edge.media-server.com/mmc/p/jtk2vobi

About CBAK Energy

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit www.cbak.com.cn.

Safe Harbor Statement

This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are 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. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks.  There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, trading in our securities may be prohibited under the Holding Foreign Companies Accountable Act if the PCAOB subsequently determines our audit work is performed by auditors that the PCAOB is unable to inspect or investigate completely for three consecutive years, the effects of the global Covid-19 pandemic, changes in domestic and foreign laws, regulations and taxes, uncertainties related to China’s legal system and economic, political and social events in China, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain market for the Company’s lithium battery cells and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

For investor and media inquiries, please contact:

CBAK Energy Technology, Inc.
Investor Relations Department
Mr. Thierry Jiewei Li
Phone: 86-18675423231
Email: ir@cbak.com.cn

CBAK Energy Technology, Inc. and Subsidiaries

Unaudited Condensed Consolidated Balance Sheets

(In $ except for number of shares)

 

December 31,

September 30,

2021

2022

Assets

Current assets

Cash and cash equivalents

$

7,357,875

4,045,329

Pledged deposits

18,996,749

37,591,281

Trade and bills receivable, net

49,907,129

21,902,180

Inventories

30,133,340

52,709,868

Prepayments and other receivables

12,746,990

5,457,532

Receivables from former subsidiary

2,263,955

6,341,988

Amount due from non-controlling interest, current

125,883

112,424

Amount due from related party

472,061

210,796

Income tax recoverable

47,189

56,251

Investment in sales-type lease, net

790,516

815,013

Total current assets

122,841,687

129,242,662

Property, plant and equipment, net

90,042,773

88,154,577

Construction in progress

27,343,092

15,839,191

Long-term investments, net

712,930

917,768

Prepaid land use right- non current

13,797,230

12,081,968

Intangible assets, net

1,961,739

1,383,789

Operating lease right-of-use assets, net

1,968,032

571,851

Investment in sales-type lease, net

838,528

317,279

Amount due from non-controlling interest, non-current

62,941

56,212

Deferred tax assets, net

1,403,813

1,175,624

Goodwill

1,645,232

1,470,904

Total assets

$

262,617,997

$

251,211,825

Liabilities

Current liabilities

Trade and bills payable

$

65,376,212

$

70,532,360

Short-term bank loans

8,811,820

17,573,866

Other short-term loans

4,679,122

3,482,583

Accrued expenses and other payables

22,963,700

19,602,212

Payables to former subsidiaries, net

326,507

368,772

Deferred government grants, current

3,834,481

1,613,838

Product warranty provisions

127,837

104,053

Operating lease liability, current

801,797

304,574

Finance lease liability, current

–

1,173,589

Warrants liability

5,846,000

1,147,000

Total current liabilities

112,767,476

115,902,847

Deferred government grants, non-current

6,189,196

5,809,485

Operating lease liability

876,323

120,101

Product warranty provision

1,900,429

1,776,912

Total liabilities

121,733,424

123,609,345

Commitments and contingencies

Shareholders’ equity

Common stock $0.001 par value; 500,000,000 authorized; 88,849,222
issued and 88,705,016 outstanding as of December 31, 2021, 89,135,064
issued and 88,990,858 outstanding as of September 30, 2022

88,849

89,135

Donated shares

14,101,689

14,101,689

Additional paid-in capital

241,946,362

243,053,288

Statutory reserves

1,230,511

1,230,511

Accumulated deficit

(122,498,259)

(121,248,906)

Accumulated other comprehensive income (loss)

2,489,017

(12,382,483)

137,358,169

124,843,234

Less: Treasury shares

(4,066,610)

(4,066,610)

Total shareholders’ equities

133,291,559

120,776,624

Non-controlling interests

7,593,014

6,825,856

Total of equities

140,884,573

127,602,480

Total liabilities and shareholders’ equity

262,617,997

251,211,825

  

CBAK Energy Technology, Inc. and Subsidiaries

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(In $ except for number of shares)

 

Three months ended

Nine months ended

September 30,

September 30,

2021

2022

2021

2022

Net revenues

$

9,562,190

57,721,692

$

24,867,393

$

194,267,650

Cost of revenues

(8,430,808)

(54,261,244)

(20,798,931)

(179,955,540)

Gross profit

1,131,382

3,460,448

4,068,462

14,312,110

Operating expenses:

Research and development expenses

(1,815,756)

(2,385,591)

(3,344,817)

(7,998,181)

Sales and marketing expenses

(510,386)

(834,501)

(1,262,999)

(2,361,839)

General and administrative expenses

(2,158,183)

(1,866,055)

(5,823,560)

(6,556,944)

Recovery of (provision for) doubtful accounts

178,897

142,966

437,475

(68,651)

Total operating expenses

(4,305,428)

(4,943,181)

(9,993,901)

(16,985,615)

Operating loss

(3,174,046)

(1,482,733)

(5,925,439)

(2,673,505)

Finance income, net

129,340

687,345

174,442

71,869

Other income (expenses), net

69,970

(991,352)

1,619,194

(1,165,094)

Impairment of non-marketable equity securities

(43)

–

(690,585)

–

Change in fair value of warrants

22,998,000

936,000

57,174,000

4,699,000

Income (loss) before income tax

20,023,221

(850,740)

52,351,612

932,270

Income tax credit (expenses)

–

2,012

–

(84,230)

Net income (loss)

20,023,221

(848,728)

52,351,612

848,040

Less: Net (income) loss attributable to non-
     controlling interests

(3,487)

848,438

(21,995)

401,313

Net income (loss) attributable to
     shareholders of CBAK Energy Technology, Inc.

$

20,019,734

(290)

$

52,329,617

$

1,249,353

Other comprehensive income (loss)

Net income (loss)

20,023,221

(848,728)

52,351,612

848,040

– Foreign currency translation adjustment

243,258

(8,925,745)

1,473,992

(15,620,472)

Comprehensive income (loss)

20,266,479

(9,774,473)

53,825,604

(14,772,432)

Less: Comprehensive loss (income)
     attributable to non-controlling interests

(3,404)

1,632,419

(16,024)

1,150,285

Comprehensive income (loss) attributable
      to CBAK Energy Technology, Inc.

$

20,263,075

(8,142,054)

$

53,809,580

$

(13,622,147)

Income (Loss) per share

– Basic

$

0.23

$

0.00

*

$

0.60

$

0.01

– Diluted

$

0.23

$

0.00

*

$

0.60

$

0.01

Weighted average number of shares of common stock:

– Basic

88,419,998

88,996,692

87,043,490

88,900,977

– Diluted

88,709,210

89,996,692

87,349,010

88,923,265

*

Less than $0.01 per share

Cision View original content:https://www.prnewswire.com/news-releases/cbak-energy-reports-third-quarter-2022-unaudited-financial-results-301676651.html

Source: CBAK Energy Technology, Inc.

Accessories, Computers, eSports, Gaming, Lifestyle, News

ZOWIE’s XL2566K Packs TN 360Hz DyAc­+ Technology for the Best FPS Experience Ever

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In the world of fast-paced First Person Shooter (FPS) games, resolution is not everything. You want a display that responds as fast as you can move, you want everything to be fluid and clear as you pan your mouse everywhere to get your targets and still be precise. Since your opponents will be moving, a sharp image while you move is crucial for you to get the kill and be as accurate as possible. Of course, you want a fast-responding display too, one with the least input lag possible.

ZOWIE XL2566K 1
Source: BenQ

The XL2566K is BenQ’s latest ZOWIE gaming monitor made specifically with competitive FPS gamers and the big stage in mind. It is their flagship esports monitor which will no doubt find its way to competitive stages around the world. It packs 360Hz, which also means that CS:GO players can be even sharper than before with up to 360 frames every second projecting on their display.

Then there is DyAc+ technology that is proprietary to ZOWIE. It offers an added clarity in fast motions. Often, just refresh rate alone is not enough to ensure that your image is crystal clear and razor sharp in fast movements. You need a clever sharpening technology like DyAC+ to clean out your image and offer you extra details in the image. The result is a sharper image all around even when your target is at a distance.

It is not an IPS display though, instead you get the less premium TN and there is good reason for that. IPS displays can hit 360Hz in refresh rate, but there are disadvantages to IPS displays. Firstly, it’s response time is slower than that of TN panels. TN panels are also cheaper to produce, making the ZOWIE monitor a little more accessible. Secondly, TN panels offer a better and more reliable response times to IPS displays. The expense? Your picture quality and colours suffer a little bit. But this is the world of competitive FPS gaming. That means that your picture quality matters less, and performance is what you want.

ZOWIE XL2566K 1
Source: BenQ
ZOWIE XL2566K 2
Source: BenQ
ZOWIE XL2566K 3
Source: BenQ
ZOWIE XL2566K 4
Source: BenQ
ZOWIE XL2566K 5
Source: BenQ
ZOWIE XL2566K 6
Source: BenQ
1 / 6

They have also put a lot of thought in designing the product to be as ergonomic as possible for FPS gamers. The 24.5-inch display features a sturdy base that is optimally shaped to allow for a tighter mouse configuration. That not only allow FPS gamers to have a tighter set up for more precision, you take up less space on your desk too. Of course, the stand is height adjustable with tilt adjustment too. You can swivel it a little bit to create more room for your mousepad. It also comes with two side shield panels to ensure that you minimize glare from other light sources.

ZOWIE’s XL2566K is now available on BenQ’s official stores on Shopee and Lazada. You can get your hands on one as well at BenQ’s authorized resellers across the nation. It will set you back MYR 2,949, which is pretty steep for a Full HD monitor understandably. It is a rather niche display though, if you think about it. It serves a very specific purpose, that is to ensure that you are competitive. More information n the new ZOWIE XL2566K TN 360Hz DyAc+ monitor can be found on their website.

Editorial

Making Upskilling a MOOC Point with Stackable Continuous Learning

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We’ve heard the same song for years on end: “The market is changing, and digital skills are needed to address the gaps and jobs that will emerge in the near future.” However, the song hasn’t changed nor has the landscape – until very recently thanks to the global pandemic. The pandemic has accelerated not only medical technology but also transformed our work-life relationship and the landscape of corporate life entirely. We’ve seen the acceleration of remote and hybrid work in its wake and the increasing demand for remote and continuous learning. In fact, Coursera CEO, Jeff Maggioncalda says that the “future is characterized by uncertainty and dynamism” and this is exactly what we’re seeing in a world where automation is replacing a lot of the jobs that we’ve been accustomed to over the past decades. The big question now is: Where does that leave us now?

An Emerging Need to Rethink Education and Enable Universally Accessible Education

In the simplest terms, we’re at a crossroads; one that will see the emergence of new norms, new methods and approaches, and a new need for universally accessible education that addresses the needs of emerging jobs in a new market. However, that doesn’t mean that we forget the knowledge and know-how from the past, it just means that we’ve got to adapt and look at it from a different perspective.

library high angle photro
Photo by Pixabay on Pexels.com

It’s been historically proven that quality education has driven cultural and civilizational prosperity. However, in recent years, we’ve been seeing an increase in the number of companies looking for “soft skills” rather than a “paper qualifications”. In this light, it has become more apparent that our current approach to academia, training and education is quickly failing to provide the skills and industrial know-how to address the needs of various industries. It necessitates a rethinking and a realignment of strategies in addressing the rapidly growing needs of a world that is continually and swiftly changing.

Realizing this, the founders behind Coursera, Andrew Ng and Daphne Koller, developed a platform that has grown rapidly into the go-to place for industry-relevant courses. What initially started as a platform for upskilling and training in computer sciences has become a universally accessible platform to learn and develop new skills. In the years since its founding in 2015, Coursera has collaborated with industry leaders like Google and Meta as well as reputable academic institutions like the University of California Los Angeles (UCLA), Harvard University and Massachusetts Institute of Technology (MIT) to develop accessible, industry-relevant courses and qualifications which are rapidly changing lives for the better.

MOOC-ing the Future with Stackable Courses

Massively Open Online Courses (MOOC) have become the cornerstone of Coursera’s vision of accessible education. What started as small, bite-sized, short courses have become weeks’ long certifiable courses. However, Coursera has taken it a step further by creating an environment where these MOOCs are stackable. Simply put – take a number of these courses over the span of two to three years and earn yourself a diploma or degree from a reputable institution. With this approach, the concerns of upskilling a workforce or population become an issue that is continually addressed by the evolving courses available.

Adoption of this form of learning and learning online has been driven by a generation that has realised and been sensitized to a growing gap between philosophically driven academia and skills-driven industry. This is supported by their own statistics which show a larger portion of learners from younger populations across the world. The average age of learners on the platform is about 30 years of age.

Coursera platforms

The advent of online learning has not only led to a more accessible advent of online learning has not only led to a more accessible form of tertiary learning, but it’s also disproportionately empowered women to pursue degrees in STEM (Science, Technology, Engineering and Mathematics) related fields. In Malaysia alone, women account for 46% of Coursera’s 58,000 learners. This and the added flexibility of planning your education around your life empowers even the most burdened individuals like single mothers to upskill themselves to better their financial outlook.

Coursera isn’t just making it more accessible; it’s helping institutes of higher learning rethink qualifications for their courses. This falls in line with many companies adopting skills-based qualifications instead of more theoretical qualifications. MOOCs on Coursera are used to not only give learners a taste or trial of the course they’re getting into, but they are also increasingly used to ascertain the aptitude of learners for courses. Scoring well in certain MOOCs can open new pathways of learning to those who have otherwise been turned down by academia. With this approach, learners are not only qualifying for their degree or course, but they also earn the required credits and prerequisites to their degree or master’s.

Dealing with Stigma & Accreditation

When online degrees and masters were first introduced by institutions in response to platforms like Coursera, there was a stigma that arose together with it. Are online degrees and masters up to scratch? Are these degrees bought? While they may be less prevalent now, there are some who haven’t embraced the change just yet.

Coursera app Google 1
Source: Coursera

However, an increasing number of well-known universities are beginning to embrace hybrid learning. In fact, some of these universities offer their courses on Coursera itself. They’ve created learning experiences that empower online learners with the same access and facilities as on-campus students. Library access, access to resources like journals and even access to teaching staff are now part and parcel of the learning experience even for online learners. Study groups and student participation via tools like zoom or online forums are being factored into the final grade of online learners.

That said, these degrees and master’s programs are still subject to stringent standards of boards like the Malaysian Qualifications Agency (MQA) or the Higher Learning Commission (HLC) in the U.S..  With regular universities, courses are put through the accreditation process every two to three years, while this used to work before, with the ever-changing digital industry landscape and the skills-based hiring practices becoming prevalent it leaves the institutions handicapped and ill-equipped to address the needs of industries they train for.

With MOOCs and hybrid learning becoming more mainstream, Coursera has been working with relevant partners and agencies to rethink and better adapt the accreditation processes to allow both conventional and online learners to benefit. As the process is optimized, academia will be better equipped to respond to the changing job landscape. Online learning and MOOCs are accelerating the rate at which the workforce is being equipped with skills needed for new, digital skills-based jobs. With conventional learning institutions joining the fray, the skills gap will be all but moot.

Adapted for & Developed with Industry

However, it’s worth pointing out that it’s a continual process of developing and adapting learning modules to address new, novel concepts and approaches. This is something that is being continually done when it comes to MOOCs. Institutions that provide these MOOCs and platforms like Coursera regularly improve and innovate based on learner feedback and development of courses with leading players like Meta, Google, CISCO and more.

These mechanisms of improvement not only allow Coursera and its partners to work towards better learning outcomes, but it also allows them to develop tools and coursework that better illustrate the application of theoretical concepts in industrial practice. Feedback from industry players bridges a currently widening gap between academia and industry which has led to our currently worsening skills gap.

Jeff Maggioncalda CEO Coursera
Source: Coursera

“Strong industry-academia-government collaboration that focuses on the rapid deployment of high-quality digital and human skills training will be key to ensuring that the Malaysian workforce remains resilient and competitive amid rapid technological transformation“

Jeff Maggioncalda, CEO at Coursera

Coursera is already the interjection of academia and industry; it, therefore, really comes as no surprise that companies are also adopting Coursera as a partner for their internal training and upskilling programs. Naturally, some of these courses include the adoption of courses from other partners. In fact, partners like Panasonic Appliances Marketing Asia Pacific have already curated online learning programs which have seen successful adoption among their staff. Panasonic’s program alone boasts more than 1,200 enrollments with over 10 learning hours each.

Embracing the Future of Learning by Embracing the Future of Work

It should already be apparent that learning and work are intricately linked. With the advent of technology, both have taken similar paths in their evolution. This has only been accelerated by the recent pandemic. As the world is continuing to work both remotely and in hybrid, so too must learning and education. In fact, globalization isn’t just something happening in the commercial market, it’s happening even when it comes to work. Jobs are no longer bound by physical boundaries and location. You can be in Malaysia and work for a company based in the United Kingdom or vice versa. Jobs will go to the most qualified and no longer to the one who is nearest to the office.

Coursera learners are living proof of this. Many of them are hired by partners for remote jobs outside their country of residence. Coursera itself is a company that works nearly exclusively remotely. This is just a glimpse of an inevitable future that we are seeing unfold. It goes without saying that learning should and will inevitably take the same course. In fact, it is already with MOOCs and micro-credentials looking to outperform degrees when it comes to employability in the near future.

PR Newswire

TPIsoftware Wins Big at Taiwan Excellence Awards 2023 with Its Three Proprietary Software Products

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TAIPEI, Nov. 14, 2022 /PRNewswire/ — Recognized as one of the best ICT software solutions providers in Taiwan, TPIsoftware has won big at the 31st Taiwan Excellence Awards with its three proprietary software products: the enterprise-level API management platform digiRunner, the conversational AI chatbot SysTalk.Chat, and the one-stop log management platform digiLogs. The awards celebrate the innovation and potential of Taiwanese products, which exemplifies TPIsoftware’s R&D commitment and capability to compete against global tech giants. Thousands of products entered the awards, with a total of 186 companies and 348 products standing out from the competition.

The award-winning product digiRunner helps businesses stay on top of the global Open Data trend by creating diverse business scenarios and enabling an innovative ecosystem with third-party service providers. Featuring full life cycle API management, digiRunner significantly reduces up to 90% of API development and deployment time for enterprises to capture business opportunities.

digiLogs is awarded for its holistic features to optimize IT operational efficiency. Supporting more than 55 data formats, it provides centralized log integration, management and analysis for a high volume of logs across heterogeneous systems with troubleshooting time reduced to ⅙ when issues occur. Granted 7 utility model patents and 3 invention patents, digiLogs and digiRunner belong to the product lineup DigiFusion, a comprehensive enterprise service middleware featuring FIDO authentication, SIEM, CI/CD and more.

Harnessing the exclusive dual algorithm technology, SysTalk.Chat delivers human-like dialog services with over 90% accuracy rate complemented with professional training and consultation. TPIsoftware has further rolled out an AI textual analysis solution built with OCR technology to empower smart claims management, underwriting and document administration in the BFSI and government sector.

“This prestigious recognition has proved us reaching new heights,” said Ben Yao, CEO of TPIsoftware, “Our partner network building across the APAC market is in full swing; aside from our branch offices in Singapore and Vietnam, we have strategic partnerships and local business development managers in Japan, Cambodia and Indonesia. Our local teams are growing, and we’re on a mission to facilitate digital transformation in the APAC region.”

About TPIsoftware

TPIsoftware is a Taiwanese software provider with a focus in APIM, AI chatbots, FinTech and more, delivering services and solutions domestically and overseas.

Media Contact:

Peggy Tsai
+886-2-2658-0508 #1606
peggy.tsai@tpisoftware.com
10F-2, No. 335, Ruiguang Road, Neihu District, Taipei, Taiwan
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Bedsure Starts Its Annual Black Friday Sales Early with Deals on Over 100 Products

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DIAMOND BAR, Calif., Nov. 14, 2022 /PRNewswire/ — Many regions in the world are already seeing a colder-than-usual drop in temperature. As many experts predicted that this coming winter would last longer than usual, preparing enough layers for the coming season is more important than ever. Bedsure, a global leading home textile brand with over 25 million customers cozily served, launched its Black Friday promotion earlier this year to help customers better prepare.

During this year’s Bedsure Early Black Friday Sale, over 100 products across several categories are being offered with an unprecedented discount. The offers apply to Bedsure’s wide range of product lineup, including the latest and greatest Bedsure TENCEL™ Sheet Set and the all-time classic Bedsure 100% Cotton Waffle Weave Blanket. The early access to deals helps customers to prepare for the winter at a much-reduced cost, a helpful touch in the midst of global financial uncertainty.

Some of Bedsure’s featured and most popular offers include:

42% OFF on the Sustainable and Eco-Friendly Bedsure TENCEL™ Sheet Set with Silky Texture for Hot Sleepers.

The Bedsure TENCEL™ Sheet Set is an eco-friendly and sustainable sheet set extracted from eucalyptus wood pulp to provide sleepers with the utmost natural sleeping space. Its natural eucalyptus wood pulp brings exceptional breathability and moisture-wicking ability to the sheet set, making it ideal for hot sleepers who tend to run out at night. Eucalyptus sheets are also 50% more efficient in moisture absorption than cotton, which is the perfect sleep companion for a dry night’s sleep without overheating.

The Bedsure TENCEL™ Sheet Set offers a luxurious sheen with a silky texture that provides sleepers with a lovely buttery smooth hand-feel. It is one luxury, comfortable, skin-friendly, and sustainable sleep companion for those looking to add a cozy and elegant touch to their existing sleeping space.

In addition, the Bedsure TENCEL™ Sheet Set is Standard 100 by OEKO-TEX certified for meeting the highest testing criteria for harmful chemicals and is free of harmful materials from the source to the hands of customers.

The Bedsure TENCEL™ Sheet Set is available in Full, Queen, King, and Cal King sizes. Starting at just $69.99 before discounts, this natural and eco-friendly sheet set is available for up to 42% off during Bedsure’s Early Black Friday promotion.

Extra Warm Bedsure Fuzzy Sherpa Blanket Hoodie for Coziness At Home or On The Go.

This year, Bedsure has released a series of blanket hoodie products to help customers get cozy with a vibrant fashion statement indoors and outdoors. For example, the all-new Bedsure Fuzzy Sherpa Blanket Hoodie is made available in six elegant shades of colors, including Blue, Brown, Charcoal, Gray, Navy, and Pink, and two sizes to fit the preference and style of its wearers.

With the drawstring and zipper design, the Bedsure Fuzzy Sherpa Blanket Hoodie can deliver the right amount of coziness and warmth. The drawstring lets its wearer adjust the seal for improved protection against wind, and the front quarter zipper enables a personalized level of airflow, making the blanket hoodie the perfect coziness provider at home or on the go.

In addition, the all-new Bedsure Fuzzy Sherpa Blanket Hoodie comes with a convenient front pocket that is large enough to store gadgets, devices, remotes, dog treats, snacks, or anything one might want to need to carry on the go.

With the holiday season approaching fast, the highly giftable Bedsure Fuzzy Sherpa Blanket Hoodie is made available for up to 25% off, and customers wishing to gift their loved ones portable and comfortable coziness may do so on Amazon.com and Bedsure’s homepage at www.bedsurehome.com.

Versatile and Breathable Bedsure 100% Cotton Waffle Weave Blanket for Extra Layer of Coziness.

The Bedsure 100% Cotton Waffle Weave Blanket is one of Bedsure’s all-time best-selling products. The Amazon’s Choice Bedsure 100% Cotton Waffle Weave Blanket is woven with the classic waffle weave pattern that adds an exquisite touch and a tailored look to any existing interior and exterior space.

The versatile Bedsure 100% Cotton Waffle Weave Blanket comes with a springy texture and rich hand feel. The premium 405 GSM cotton utilized in creating the blanket offers a superb softness that is ideal as an extra layer of warmth for hot sleepers.

Customers have loved this breathable 100% cotton blanket with various uses, such as a sleeping blanket during summer, an extra layer of warmth during winter, a household decoration item, a spare at home, or just about anywhere else in between.

This year, the Bedsure 100% Cotton Waffle Weave Blanket has seen a vibrant refresh with new colors such as Pink, Mustard Yellow, Teal, and more.

The blanket has currently rated 4.6/5 stars on Amazon by over 15,000 customers, and several of the available specs are rated as Amazon’s Choice Items. Starting at $39.99 before applicable discounts, this blanket can be had for up to 20% off during Bedsure’s Early Black Friday.

With over 100 products made available at an unprecedented discount of up to 42% off, Bedsure’s cozy products make a great option for those looking to get extra layer of coziness during this long and cold winter and is an ideal option for those looking to gift their loved ones with care and love that can be enjoyed every day.

For Bedsure’s full lineup, please visit: https://www.amazon.com/stores/page/894B0778-1166-4EE6-89EE-138DD2B51223?ingress=0&visitId=96badb4d-97a8-404e-9ccc-001d690aa669&ref_=ast_bln 

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PR Newswire

China’s Double 11 Shopping Festival Total Transaction Value Exceeds Trillions of RMB for the First Time

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Syntun Release: China’s Double 11 Shopping Festival GMV of 1115.4 billion RMB

BEIJING, Nov. 12, 2022 /PRNewswire/ — After 14 years of development, the Double Eleven shopping festival has matured. This year, instead of announcing sales results, the platforms are focusing more on achievements in areas such as helping farmers, green and environmental protection. Beyond commercial value, the platforms continue to enhance their ability to create social value. All platforms and brands have shifted their focus to how to retain users and how to bring them a better shopping experience.

Syntun Release: China's Double 11 Shopping Festival GMV of 1115.4 billion RMB
Syntun Release: China’s Double 11 Shopping Festival GMV of 1115.4 billion RMB

For the ninth year, Syntun is monitoring and releasing Double 11 sales data as a third-party platform in order to bring a more impartial and objective perspective to the public. According to Syntun, during 2022 China “double 11” (from 20:00 on October 31st to 23:59 on November 11th), the GMV of the major e-commerce platforms (only including traditional e-commerce platforms and livestreaming e-commerce platforms) was 1115.4 billion RMB. The GMV of traditional e-commerce platforms was 934 billion, with Tmall platform ranking first. Livestreaming e-commerce platforms performed brilliantly, with the GMV of 181 billion, total increase of 146.1%. The GMV of New retail platform and community group buying platforms were 21.8 billion and 13.5 billion respectively. In terms of sales categories, household appliances remained one of the popular categories with the GMV of 156.6 billion RMB.

For more details about the “double 11”, please click the link: (PDF)

As a professional digital retail data service provider, Syntun has developed a variety of products in line with the needs of the retail industry, which can solve the problems encountered in the process of production, operation, marketing and management, and help brands make accurate decisions.

CONTACT:

FB: Syntun China
TW: @Syntunchina

Syntun Marketing Team
Tel: +86-10-5287-4212
Email: info@syntun.com

Related Links: www.syntun.com

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Source: Syntun Ltd.

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PBTS Announces Receipt of NASDAQ Notification Letter Regarding Minimum Bid Price Deficiency

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ZHUHAI, China, Nov. 12, 2022 /PRNewswire/ — Powerbridge Technologies Co., Ltd. (“Powerbridge” or “the “Company“) (NASDAQ: PBTS), a provider of multi-industry technology solutions,  announced that it has received a notification letter (the “Notification Letter“) from the Nasdaq Stock Market LLC (the “NASDAQ“) dated November 7, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under NASDAQ Listing Rule 5550(a)(2) for continued listing on the NASDAQ. This press release is issued pursuant to NASDAQ Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.

NASDAQ Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company’s ordinary shares for the 30 consecutive business days from September 26, 2022 to November 4, 2022, the Company no longer meets the minimum bid price requirement.

In accordance with the NASDAQ Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until May 8, 2023, to regain compliance with NASDAQ Listing Rule 5550(a)(2). To regain compliance, the Company’s ordinary shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive trading days. In the event that the Company does not regain compliance by May 8, 2023, the Company may be eligible for additional time to regain compliance or may face delisting.

The receipt of the Notification Letter has no immediate effect on the listing of the Company’s common shares, which will continue to trade uninterrupted on NASDAQ under the ticker “PBTS”. To address this issue, the Company intends to continuously monitor its closing bid price and is in the process of considering various measures to improve its financial position and results of operations, which the Company expects to countervail the short-term adverse effects on its trading price and cure the deficiency in due time.

About Powerbridge

Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a provider of multi-industry technology solutions: software applications and services for the global trade industry, IoT platform services as well as intelligent fixtures and devices for smart city operations, supply chain platforms and social livestreaming services for the retail industry, metaverse and smart solutions for the travel and leisure industry, as well as cryptomining and digital asset operations. For more information, visit www.powerbridge.com/ir/.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China, uncertainty due to the COVID-19 pandemic and the impact it has had and will continue to have on its operations, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities Exchange Commission (“SEC“). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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Source: Powerbridge Technologies Co., Ltd.

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Qingdao has Built Itself into a Pioneer City with Modern Industries and Continuously Enhanced its Economy, Innovation and Competitiveness

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QINGDAO, China, Nov. 12, 2022 /PRNewswire/ — According to Qingdao’s “Five-Year Plan for Building a Pioneer City with Modern Industries (2022-2026)”, Qingdao will focus on accelerating the construction of modern industrial system, integrating development of digital transformation, industrial ecological cultivation and construction, and cleanness, safety, energy-saving and efficiency “Four at the Forefront” by building “industrial cultivation highland, digital empowerment model, collaborative development benchmark, and green and low-carbon pioneer”. Qingdao strives to increase the proportion of manufacturing added value in regional GDP to more than 30%, and the added value of productive services to 62% of the added value of service industry by 2026; The added value of the core industries of the digital economy shall account for 12% of the regional GDP, and the penetration rate of industrial Internet platforms shall reach 50%.

Fuxing trains
Fuxing trains

At present, focusing on the goal of building a pioneer city with modern industries, Qingdao is making all-round efforts. Both in terms of industrial structure and the underlying logic of industrial development are undergoing earth-shaking changes. On September 22, the “Several Policies on Qingdao Virtual Reality Industrial Park Development” were officially released at the 2022 International Virtual Reality Innovation Conference. According to the policies, Qingdao municipal and district finances will allocate more than 1.2 billion yuan in the next three years to support the construction of Qingdao virtual reality industrial park and enterprise cultivation, so as to accelerate the pooling of industrial resources and help Qingdao build a domestic first-class, globally competitive R&D and manufacturing highland of the virtual reality industry.

Data-driven manufacturing is changing the development logic of the manufacturing industry and becoming a new driving force leading the future development of the manufacturing industry. At the end of September, the first functional module of the first phase of the Project National Industrial Internet Big Data Shandong Branch – the digital transformation service platform for small and medium-sized enterprises, was launched for trial operation. The platform provides policy services, digital factories, small enterprises on the cloud, industrial services and other functions, whereby more than 90% of the services will be provided to enterprises without any charges, helping small and medium-sized industrial enterprises in Qingdao and Shandong Province to accelerate its pace of digital transformation.

Qingdao vigorously promotes the transformation of enterprise industrial Internet, implements special actions for digital empowerment in key areas, accelerates the construction of new information and communication infrastructures such as 5G networks, gigabit optical fiber networks, and data centers, and supports the development of “double-crossed” platforms represented by COSMOPlat, as well as platforms in specific industries and industrial Internet demonstration parks, to create a good environment for the digital transformation of enterprises.

Contact: Ms Zhu Yiling
Tel: 0086-532-85911619
Official website: http://www.qingdaochina.org
Facebook page: https://www.facebook.com/qingdaocity
Twitter page: https://twitter.com/loveqingdao

Hisense (Shandong) Home Appliance Industrial Park
Hisense (Shandong) Home Appliance Industrial Park
PR Newswire

Yangtze finless porpoise: Protecting China’s ‘Smiling Angel’

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BEIJING, Nov. 11, 2022 /PRNewswire/ — A news report from China.org.cn on China’s efforts to protect Yangtze finless porpoise:

https://www.youtube.com/watch?v=OeeZpJbI6zk

In a recent poll, netizens voted to name a rare Yangtze finless porpoise. Efforts to protect this endangered species have shown promising signs in China during the past few years.

Recently, an online poll was held to choose a name for a Yangtze finless porpoise code-named “YYc.” After the voting concluded, a team of experts selected “Hanbao” from the most popular replies, which has the same pronunciation as “hamburger” in Chinese. The name really suits it since the calf’s chubby body is just like a hamburger. Moreover it was born in Wuhan, central China’s Hubei province. “Hanbao” means “Wuhan’s treasure” in Chinese.

Hanbao is indeed a treasure.

The 2-year-old male calf is China’s first artificially-bred second-generation Yangtze finless porpoise. Its father Taotao is the world’s first Yangtze finless porpoise to be bred naturally in an artificial environment.

The breeding of Hanbao shows that Yangtze finless porpoises born in an artificial environment can produce offspring, marking a breakthrough and a new stage in the artificial breeding of the species.

But why has such a little porpoise drawn so much attention?

Because it’s undoubtedly cute, but also critically endangered.

According to data and scientific surveys, from 1992 to 2012, the number of Yangtze finless porpoises, an iconic species of the Yangtze River, plummeted from about 2,700 to around 1,040.

The decreasing speed is shocking. If protection is not strengthened, the endangered mammal is very likely to suffer the same fate as the baiji dolphin, nicknamed the “Goddess of the Yangtze River,” which is now considered functionally extinct.

To conserve the “Smiling Angel,” affectionately named for its mouth fixed in a permanent grin, over the past decade, China has imposed a 10-year fishing ban in the Yangtze, enacted the Yangtze River Protection Law, and launched the Yangtze River Finless Porpoises Rescue Action Plan (2016-2025). Efforts have also been stepped up in research and practice through on-site conservation, ex-situ conservation, and artificial breeding and reproduction.

Fortunately, the protection work has delivered encouraging results. The rate of decline has slowed significantly and bottomed out around 2017. One year after the fishing ban was implemented in 2021, a population survey showed positive momentum, with nearby residents reporting seeing “more and plumper Yangtze finless porpoises.” The aquatic animals can often be seen swimming in groups, with calves cuddling up to their mothers. At conservation reserves along the Yangtze River in Hubei, the number of the porpoises has increased from the original five to 150. Four artificially-bred Yangtze finless porpoises including Taotao have grown up healthily.

These achievements can be attributed to the joint efforts of the government, research institutions and the general public. However, despite the enhanced protection, we still have a long way to go in helping the species to recover. Various problems still need to be addressed, such as unattended areas in on-site conservation and the risk of complete failure of ex-situ conservation.

In the next 10 years, 20 years, 100 years… the conservation efforts cannot and will not stop, so that future generations can see a large number of finless porpoises navigate the clear waters of the Yangtze.

China Mosaic

http://www.china.org.cn/video/node_7230027.htm

Yangtze finless porpoise: Protecting China’s ‘Smiling Angel’

http://chinamosaic.china.com.cn/2022-11/11/content_78513611.htm

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INDUSTRY INNOVATION: AI SMILE Smart Tracking Case debut worldwide developed by Weiyun AI & Robotics Group

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SHANGHAI, Nov. 11, 2022 /PRNewswire/ — In last few decades, experts have been constantly discussing the future trend of AI application in medical scenarios: how to use AI as the underlying technology but actually transform the medical experiences of every individuals? Recently, Weiyun AI & Robotics Group, an internationally renowned industrial AI group company, once again got a full mark in the industry by launching its self-developed AI SMILE Smart Tracking Case, which changes the way of the communication between dentists and patients, greatly improves the patient’s compliance and medical effects, bringing the new proposal for the future possibilities of AI application in medical treatment, which will accelerate the trend of medical AI to the next level worldwide.

AI SMILE Smart Tracking Case released in Singapore
AI SMILE Smart Tracking Case released in Singapore

NEW AI PRACTICE: Global Debut in Asia, North America and Africa

The world’s first AI SMILE Smart Tracking Case was self researched and developed by Weiyun scientific team. As the first pioneer intelligent hardware customized for invisible orthodontic users in the whole market, it integrates the functions of treatment tracking, wearing reminder, cycle recording, locating and data synchronizing. The intelligent device is designed to connect with AI SMILE APP, enables customers track their orthodontic treatment progress, reminds them to wear the aligners on time,thereby improves patient compliance and healing experience and serves the patient’s daily life scenarios of orthodontics. This innovative design that breaks the stereotype makes the case no longer only has the function of storing braces, but an intelligent device that connects dentists and patients, creating a precedent for medical AI terminal, giving the inspiration of new AI practice to the global industry, and meaning something epoch-making.

Obviously, the pioneering innovation of AI practice by Weiyun once again captured the eyes of the world. The debut of AI SMILE Tracking Case covers Asia, North America and Africa, with many interests and positive feedback received from the global market. Citing a senior medical analyst in the United States, “There is no doubt that, with the opening of a new round of global medical AI reshuffle, the core technological advantages of Weiyun have become more and more remarkable, and its wide acclaim in the international market has laid a solid foundation for its future market volume in those regions.”

APPLICATION VALUES: The Change in Medical Treatment Experience

In the process of chronic disease management, the patient’s compliance with doctor’s advice often affects the final cure effect in a large extent. For orthodontic patients, during the process of treatment, there are common problems such as easy loss of braces, difficulty in maintaining and developing wearing habits, and uncertainty in the treatment process, which might lead to frequent revisions of the orthodontic plan and even restarting it. The AI SMILE Smart Tracking Case, independently developed by Weiyun R&D team, can be bound to the AI SMILE user APP and the doctor’s platform. The customized treatment plan made by the dentist for the patients and actual progress can be seen in real time. Meanwhile, doctor can remind them to wear the braces on time to improve their compliance and the orthodontic effect; in addition, its own considerate locating function can effectively avoid the loss of the braces, and become an inseparable orthodontic partner. In medical scenarios, as the first smart terminal, AI SMILE Smart Tracking Case can be linked to the cloud for case tracking and stage managing, assisting dentists in formulating more accurate follow-up treatment plans, and guaranteeing the orthodontic effects.

FUTURE OUTLOOK: The Exploration of Medical AI by Constant Technology Practices

With the core technology of artificial intelligence, robots and machine vision, Weiyun AI remain its frequent technology updates and the pioneer status in the industry. In this year, it had launched AI SMILE orthodontic treatment planning system Venus1.0, AI SMILE Intra-oral Scanner S4 and many other scientific and technological products that promote the development of the field of oral medical AI, and also won the German Red Dot Design Award, the honorary invitation of AAO, the FDA certification and many other honors and recognitions from the industry. The successful launch of the AI SMILE Smart Tracking Case is expected to change the way and concept of therapeutic process management, bringing a brand new orthodontic experience to consumers around the world. With the continuous innovation of Weiyun in the future, adhering to the product concept of “technology redefines life”, Weiyun will continue to lead the industry by its AI technology, offer new possibilities and provide patients with a better therapeutic experience.

In the era of coexistence of opportunities and challenges,to be one of the aspirational and invincible pioneers is crucial to survive in today’s constant rat races. Obviously, Weiyun, which continues to practice intelligent manufacturing in the field of medical AI, has been a pioneer that dares to think and act, turning more ideas into the possibility, and expected to transform the industry and even everyone’s life by its technology advances.

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