Yearly Archives: 2022

PR Newswire

TCLE (1070.HK) Rocks IFA 2022 with World’s Largest Mini LED Smart Screen

Leave a comment

TCL Smart Screen Ranks Second in LCD TV Market in Terms of Global Market Share

HONG KONG, Sept. 3, 2022 /PRNewswire/ — IFA 2022, which will last for 5 days officially kicked off in Berlin today. TCL Electronics Holdings Limited (“TCL Electronics” or “the Company“, 01070.HK) has showcased a collection of home theater and all-category smart home appliances at this exhibition and has held a product launch event themed “Inspire Greatness.” The Company continues to implement its all-category strategy.

TCL Electronics has set up a vast interactive booth spanning over 2,000 square meters at the exhibition to showcase the world’s largest Mini LED TV, a 98-inch QLED TV, a 136-inch 4K cinema wall, top-notch 144Hz Mini LED gaming monitors, the latest RAY•DANZ Dolby Atmos soundbars and other all-category smart products. Visitors will be able to experience a world built with connected, smart and trendy technologies.

A Number of Large-sized Smart Screens Land in Europe, Bringing More Immersive Audiovisual Experience to Global Consumers

As a leading consumer electronics brand in the global market, TCL Electronics has showcased the 98-inch QLED smart screen 98C735 at IFA 2022. Equipped with Google TV OS, the 98-inch C735 is the largest smart screen in its XL Collection. Featuring QLED 4K resolution, it presents viewers with stunningly brilliant colors and provides them with an immersive sensory experience. In addition, TCL Electronics designed the 98-inch C735 to emulate the best seat in the movie house: when sitting about three meters away from the 98C735 screen at home, users enjoy the same 60-degrees field of view as watching a gigantic 30-meters screen from the middle row, center seats at a movie theater.

The new XL Collection in Europe features TCL smart screens with a screen size of 75 inches and above. The XL Collection’s 75C935 and 75C835 smart screens are powered by TCL Electronics’ self-developed Mini LED backlight technology. C935’s 1920 Local Dimming Zones also ensure brilliant blacks, bright whites, vivid colours, and even more fine definition in images.

In recent years, TCL Electronics has been committed to the development of Mini LED technology. It firmly adheres to its “High-End + Large Screen” Strategy to upgrade product mix. As a result, TCL smart screens are increasingly favored by global consumers. In the first half of 2022, the market share of TCL smart screen in the global LCD TV market increased by 0.4 percentage points to 11.5%, firmly ranking second in the world[1]. Meanwhile, in the first half of 2022, the overall sales volume of TCL smart screen in the PRC market grew by 1.1% year-on-year, ranking firmly among the top two in terms of retail sales in the PRC market[2]. Of which, the market share of TCL Mini LED smart screen shipment and of 98-inched smart screen shipment are 55.7% and 41.0%, respectively, both ranking No.1 in the PRC market[2].

In the future, TCL Electronics will continue to enrich its XL collection in the global market, so that more consumers can enjoy superb pictures and contents through the company’s high-quality products.

Adhering to Low-carbon and Green Development to Increase Its Sustainability

As an enterprise that actively undertakes social responsibility globally, TCL Electronics adheres to the strategy of sustainable development and has been included in the Hang Seng Corporate Sustainability Index Series for three consecutive years since 2019. It has received Hang Seng Index’s ESG rating of A for four consecutive years since 2018, fully demonstrating the company’s outstanding achievements in sustainable development.

TCL Electronics focuses on the environmental protection feature of products, actively researches and develops innovative energy conservation and consumption reduction technologies, uses environmentally friendly raw materials, and pays close attention to the environmental impact of products from the design stage. Meanwhile, the Company actively promote reduction of packaging materials and actively use recyclable packaging materials to reduce the burden of product packaging on the environment.

At IFA 2022 press conference, TCL Electronics announced its sponsorship to the Polar Pod scientific expedition led by the famous French doctor and explorer, Jean-Louis Etienne, to explore the Southern Ocean and transmit new data or long-term observations to researchers, oceanographers, climatologists and biologists, in contribution to sustainable development.

In addition, TCL Electronics seized the global development trend of clean energy and carbon neutrality and leveraged on its industrial synergy with TCL Zhonghuan Renewable Energy Technology Co.,Ltd. to foray into photovoltaic business. The Company used household photovoltaic as its entry point, put green energy technology and innovative financial services at the core, and, via finance leases or operating leases, provided rural residents with one-stop services, including green energy power plant development, investment, construction management, and operation as well as maintenance. Meanwhile, the company also explored commercial photovoltaic businesses for the industry and commerce, and was committed to providing green energy conversion services for industrial parks, logistics parks, specialised parks and commercial complexes. In the first half of 2022, the Company’s photovoltaic business achieved a revenue of HK$172 million, its monthly installed orders and revenue achieved exponential growth.

Looking ahead, TCL Electronics will continue to assume its social responsibility by launching more “A energy-class” smart products. It will continue to invest in the development of its photovoltaic business in an effort to provide unparalleled user experience for global consumers with innovative products.

[1] Data source: Omdia

[2] Data source: Sigmaintell Consulting

About TCL Electronics

TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of “Value Led by Brand with Relative Cost Advantage”. Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the “intelligent IoT ecosystem” strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect program and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index’s ESG rating of A for four consecutive years since 2018.

For more information, please visit the investor relations web page of TCL Electronics at http://electronics.tcl.com or follow the WeChat Official Page of TCL Electronics investor relations by scanning the QR code below.

PR Newswire

UBTECH announces global debut of intelligent healthcare robots and solutions

Leave a comment

SHENZHEN, China, Sept. 3, 2022 /PRNewswire/ — On August 31, UBTECH ROBOTICS CORP LTD hosted a forum on “The Integration of the High Technology and the Elderly-care Service Industry ” together with the launching of “The Global Strategy of Smart Elderly-care of UBTECH ROBOTICS CORP LTD”. Experts and professionals in the healthcare and elderly-care service industry came together to discuss the development and implementation of a technology-driven smart elderly-care system and shared the valuable experience and insights within the domain.

At the event, UBTECH announced its strategy of creating a smart elderly-care system with several sub-systems within specific elderly-care scenarios. They also launched several robotics products for the healthcare and elderly-care domain. In addition, UBTECH announced key strategic collaboration agreements with China Merchants Health Care, Medical Care Service Company Inc (MCS) in Japan (A joint venture company to be established this month), and China Academy of Transportation Sciences Group.

The forum on “The Integration of the High Technology and the Elderly-care Service Industry ” and the launching event of “The Global Strategy of Smart Elderly-care of UBTECH ROBOTICS CORP LTD”
The forum on “The Integration of the High Technology and the Elderly-care Service Industry ” and the launching event of “The Global Strategy of Smart Elderly-care of UBTECH ROBOTICS CORP LTD”

UBTECH combines intelligent robots and Artificial Intelligence (AI) technology, coordinated by the UBTECH Smart Elderly-care Cloud-based Platform, for the aged group. The whole system provides nursing services for senior citizens living at home or in community centers. The cloud platform-based solution focuses on six key scenarios: services management, daily care management, security and health monitoring, memory-loss prevention, emotional support and rehabilitation. The goal of the system is to create a comprehensive system with high reliability and security to provide the elderly a happy, healthy, and high-quality way of living.

Huan Tan, Co-Chief Technology Officer, UBTECH ROBOTICS CORP LTD and General Manager, UBTECH Healthcare Business Unit, introduced the strategy and solutions for the smart elderly-care service
Huan Tan, Co-Chief Technology Officer, UBTECH ROBOTICS CORP LTD and General Manager, UBTECH Healthcare Business Unit, introduced the strategy and solutions for the smart elderly-care service

Huan Tan (Co-Chief Technology Officer, UBTECH ROBOTICS CORP LTD and General Manager, UBTECH Healthcare Business Unit,), introduced how the company has been developing and integrating AI, robotics, and other high-tech approaches to improve the quality of life for our senior citizens. They apply this technology in the elderly-care industry to create new services, develop a new ecosystem, and generate substantially new values to the industry. The new services are brought by new technology, including the active interaction and companionship, autonomous navigation for uninterrupted and automated door-to-door care provider, the continuous monitoring of personal and environmental safety, precise evaluations, intervention plans, and rehabilitation exercises for the people with the cognitive, psychological and physical disabilities. The new ecosystem integrates robots and smart devices into an elderly-care service system that enables collaborative operations conducted by humans, robots, machines, devices, and IT infrastructure. These robots are regarded as  intelligent service providers, a key  innovation that can significantly improve the reliability and quality healthcare services for the elderly. Based on the new services and new ecosystem, new values are generated to the elderly-care service industry and the end-users with connected senior-care services in facilities, communities, and homes. The operations will be largely improved for the facilities and communities, whereas the senior people will receive some more precise, friendly, and active services, which bring high -quality lives than ever.

A resident of a senior-care facility is performing personalized rehabilitation exercises with the help of UBTECH Walking Assist Robot - Wassi
A resident of a senior-care facility is performing personalized rehabilitation exercises with the help of UBTECH Walking Assist Robot – Wassi

The UBTECH Healthcare Business Unit showcased five innovative and powerful service robots: Walking Assist Robot-Wassi, Containerized Delivery Robot-DR, Smart Wheelchair Robot – PathFynder, Open Shelf Delivery Robot-OSDR and Companion Robot-Welli. These robots directly address the challenges of the increasing shortage of caregivers, the fast-growing global aging populations, and the increasing demand for high-quality healthcare services, together with other hardware and software components within the smart elderly-care ecosystem. Additionally, UBTECH debuted a cloud-based Intelligent Elderly-care Service Platform, a “Super Brain”, that can coordinate services between service robots and IoT devices for the elderly-care service domain. These robots can operate safely in nursing homes, assisted living communities, hospitals, among other healthcare facilities, providing personalized services for senior citizens

A resident of a senior-care facility is experiencing the “barrier-free” travelling mobility service in a park, provided by UBTECH Smart Wheelchair Robot-PathFynder
A resident of a senior-care facility is experiencing the “barrier-free” travelling mobility service in a park, provided by UBTECH Smart Wheelchair Robot-PathFynder

To date, the integrated solution of UBTECH’s smart elderly-care service and the portfolio of the products has already been deployed, continuously providing services on several sites, including hospitals, assisted living facilities, nursing homes, and retirement communities. UBTECH also officially announced a partnership with China Merchants Health Care in Shenzhen, Xinkai Senior Care Facility in Shanghai, University of Hong Kong-Shenzhen Hospital and Taishan Sanatorium of Shandong Province.

At the launching ceremony of building the Ecological Community, UBTECH announced 12 partners, including the aforementioned China Merchants Health Care, Medical Care Service Company Inc (MCS) in Japan, and China Academy of Transportation Sciences Group, etc. The partners are from the elderly-care service providers, the operation owners of medical centers, and technology firms.

A resident at China Merchants Health Care in Shenzhen is interacting with the Companion Robot- Welli
A resident at China Merchants Health Care in Shenzhen is interacting with the Companion Robot- Welli

Yanhong Wen, China Merchants Health Care General Manager said “…, through the cooperation of companies like UBTECH, we expect robots to provide critical services to the senior citizens, including the screening of health risk, continuous monitoring of the health, assessment and evaluations of medical plans, the early warning and intervention, the active and interactive companionship, and the cognitive and physical rehabilitation, etc.” The two companies will continue to work together to build smart residential facilities to provide elderly-care services that meets the needs of the aging population in the community, to offer humanistic care, and to deliver comprehensive end-to-end service.

MCS Founder Takahashi Seiichi noted in a speech via remote video: “23 years ago, I started my first retirement facility in Japan. By 2017, we operated the largest number of dementia beds in Japan. Today, we operate a total of 322 healthcare facilities, including nursing homes and dementia treatment centers. Seven years ago, we opened a nursing home in Nantong, China, and subsequently launched new elderly care projects in other cities. Through the cooperation with UBTECH, we hope to combine the latest AI technology, intelligent robots and other products to transform the Chinese market.” Grace Wang, Director of the MCS Group and the General Manager of MCS China, mentioned that the partnership will enable a smarter solution to provide services to the senior citizens, in 3 key areas: nursing and technology, digital transformation, and prevention.

Yong Li, General Manager of the China Academy of Transportation Sciences Group, said in his speech: “I look forward to working with UBTECH on the integration and innovation of the smart transportation and travelling, and creating a commercialized example model for the smart travelling in public handicap-accessible transportation hubs throughout China. “

The elderly-care service industry contributes over 20% of the GDP in developed countries, e.g., the European countries and the United States, compared with only 7% in China, representing a huge potential of the market. The size of the market in China is expected to reach 10.29 trillion Chinese Yuan (approx. $1.5 trillion USD) by 2022. By leveraging a comprehensive integration with the elderly-care industry, the high technology-driven elderly care services will help further improve the quality of life and wellness of all families, and benefit the country’s aging population using innovative solutions.

Jian Zhou, the Founder, Chairman and CEO of UBTECH said, “We are committed to addressing the major challenges in communities of China, through our technological innovations, by delivering sustainable and real long-term values. In the elderly-care industry, we will leverage new and innovative AI-based solutions to better serve people and the communities, in which they reside, and accelerate the quality-focused growth of the intelligent healthcare sector.”

UBTECH has accumulated over 10 years of experience and expertise in AI and intelligent robotics technology. Throughout the ongoing journey, from the exploration of creating services for the seniors in 2017, establishing an R&D center in North America focusing on the healthcare sector in 2019 and a healthcare business unit in 2021 focusing on applying solutions in various elderly-care scenarios, to the releasing its global strategy for smart elderly-care in 2022, UBTECH has been a pioneer and leader in the smart healthcare sector. UBTECH is committed to the vision of transforming the healthcare industry and the sustainable development of the elderly-care economy with innovative technologies, together with the partners in the industry.

PR Newswire

HONOR Announces Dual Flagship Strategy, MagicOS 7.0 Plans, Launches HONOR 70, HONOR MagicBook 14 and HONOR Pad 8 at IFA 2022

Leave a comment

On the IFA convention stage for the first time since independence, HONOR CEO George Zhao outlines the brand’s commitment to innovation and open collaboration

BERLIN, Sept. 3, 2022 /PRNewswire/ — Global technology brand HONOR today reaffirmed its commitment to international markets during its IFA keynote presentation, titled “Embracing the Connected Future.” During the event, the brand announced a new Dual Flagship Strategy to bring the next foldable and all-round flagship smartphones to Europe and other international markets. The brand also previewed MagicOS 7.0, an upcoming all-scenario smart collaboration OS based on Android as well as PC and IoT operating systems, embracing open standards to facilitate seamless collaboration among smartphones, tablets, PC and other IoT products. Bolstering its innovative product portfolio, HONOR introduced three new products: HONOR 70, HONOR MagicBook 14 and HONOR Pad 8, the first HONOR tablet available outside of China. All three products are set to arrive in select European markets in the coming weeks.


Bringing HONOR Talents to the global stage, HONOR also unveiled Gateway to the Future, a global initiative piloting in Hamburg, Germany with the aim of inspiring creative talent from all around the world to use the power of technology to connect people with culture in the era of the metaverse.

“Since our inception, HONOR has always aspired to make great contributions to the industry to enable a better future for all. To achieve that goal, we’ve stayed laser-focused on our commitment to innovation,” said George Zhao, CEO of HONOR Device Co, Ltd., “With the introduction of our Dual Flagship Strategy, MagicOS 7.0, Fitness and Health solution, we look forward to providing compelling options to European and international consumers who are seeking the best foldable smartphones and the most premium user experiences on the market.”

Embracing the Connected Future with New Dual Flagship Strategy and MagicOS

As a global technology, HONOR has always strived to innovate with purpose and deliver user benefits that matter. For the first time, HONOR will be introducing its foldable smartphones to international markets. Announced during IFA 2022, the Dual Flagship Strategy will see HONOR bring its upcoming foldable flagship smartphones and all-round flagship smartphones to Europe and other regions around the world.

HONOR also unveiled MagicOS 7.0, a new OS designed to provide seamless experience across the cross-platform, cross-device experiences. It is based on Android as well as PC and IoT operating systems, so devices running different OS can connect to MagicOS devices at a system level. Alongside new user interface changes, MagicOS 7.0 will let users control an HONOR laptop, smartphone and tablet using a single keyboard and mouse. Through the feature, users can drag files across devices seamlessly, as well as type text into the smartphone or tablet with their laptop keyboard. MagicOS 7.0 will be officially announced in Q4 2022.

In line with its commitment to contributing to the wider industry, HONOR announced that the brand has joined various IoT consortiums including Matter and Ola, helping to formulate common industry standards that promote open collaboration. In addition, the new HONOR Developer Service Platform will provide direct support and services to developers. Among the many services available, developers can submit their apps into App Market and Game Center through the platform. It will also provide developers with access to various system capabilities for them to develop cross-device features for HONOR device users in the future. Interested developers may visit the following site for more information: https://developer.hihonor.com.

Further signifying the brand’s commitment to cross-device functionality, HONOR is expanding its partnership with Microsoft to bring Phone Link to international HONOR device users. Previously only available to HONOR device users in China, Phone Link lets users connect select HONOR smartphones to Windows PCs to unlock new cross-device capabilities, including the ability to view notifications, make and receive calls on their PC and use mobile apps on Windows. The HONOR Magic4 Pro is among the first international HONOR smartphone models to support Phone Link[1], while the HONOR 70 will also support Phone Link following an OTA update.

Furthermore, from October, the upgraded HONOR Health app will provide personalized custom user interfaces and offer fitness suggestions and training courses according to user habits, helping smartphone users to achieve their health goals.


Introducing HONOR 70 to Global Markets, a Vlogging Masterpiece

Designed for vlogging enthusiasts, the HONOR 70 is HONOR’s latest addition to its high-end N Series smartphone line up. The stylish device debuts with Solo Cut mode, which lets users easily produce vlogs that spotlight a specific person in a group through built-in Person Re-identification Technology. With Dual Video Streaming, HONOR 70 can record two videos simultaneously, with one featuring a single subject and the other capturing the full group.

Capturing high quality vlogs is easy with the HONOR 70, thanks to its powerful Dual Main Camera that comprises a 54MP IMX800 Super Sensing Main Camera with a large 1/1.49-inch IMX800 Sensor and a 50MP Ultra-Wide & Macro camera. The new smartphone is powered by Qualcomm Snapdragon 778G Plus 5G and supports GPU Turbo X and OS Turbo X, delivering smooth performance and a responsive experience across a range of heavy-duty tasks, including video editing for vloggers who are always on the move.

The HONOR 70 is the first HONOR N Series smartphone to run HONOR Magic UI 6.1 based on Android 12 and is available in a range of fashionable color options including Midnight Black, Crystal Silver and Emerald Green[2].

In recognition of HONOR 70’s excellent user experience, the Expert Imaging and Sound Association (EISA) awarded the smartphone the EISA BEST BUY SMARTPHONE 2022-2023 award. EISA is an expert community comprising over 60 of the world’s most respected consumer electronics magazines, websites and social media commentators from 29 countries.

The HONOR 70 will be available in select European markets from today for a starting price of EUR 549.

HONOR MagicBook 14, a Mobile Productivity Powerhouse

Featuring OS Turbo for the first time ever on an HONOR laptop, the all-new HONOR MagicBook 14 delivers significant upgrades in battery life and up to 20.8%[3] better power efficiency compared to its predecessor. The laptop is powered by a 12th Gen Intel® Core™ i5-12500H processor and is configurable with a NVIDIA® GeForce RTX™ 2050 dedicated graphics card[4], offering blazing fast performance whether working in the office or gaming at home. With a 75Wh battery, the HONOR MagicBook 14 provides up to 17 hours of battery life on standby, and supports fast charging to provide up to 3.5 hours of uptime when running productivity software after just 15 minutes of charging[5]. Coming in a sleek yet elegant Space Gray colorway, the HONOR MagicBook 14 is slated to arrive in select European markets with pre-orders starting today, with a starting price of EUR 1099. 

Enabling Premium Audiovisual Experiences with HONOR Pad 8

The HONOR Pad 8 is an affordable all-round smart device catering to the productivity and entertainments needs of students and young professionals. The new HONOR tablet combines a 12-inch 2K HONOR FullView display featuring a screen-to-body ratio of 87%[6] and support a resolution of 2000×1200[7] pixels and 1 billion colors with eight built-in loudspeakers to deliver immersive multimedia experiences on the go. Running HONOR Magic UI 6.1 with Google Play Services, the HONOR Pad 8 packs a high capacity 7250 mAh[8] battery for all-day connectivity, allowing users to stay connected at all times. Arriving in select European markets with pre-orders starting today, the HONOR Pad 8 comes in Blue Hour and will retail at a starting price of EUR 329.

The launch of the tablet represents the completion of the brand’s global product portfolio; consumers in select Europe and international markets will soon have access to every HONOR smartphone and IoT product series, marking a new milestone for HONOR.

Step into the Gateway to the Future

As a brand, HONOR has consistent investment in Spatial Audio, AI and AR technologies, to unlock immersive experiences and  get ready for the next digital revolution.


Unveiled during HONOR’s IFA keynote session, Gateway to the Future is a new HONOR Talents initiative designed to enrich cultural heritage through the power of technology. In collaboration with ARLOOPA, HONOR challenged two renowned artists – Yunuene and Timo Helgert – to creatively reimagine the iconic Wasserschloss building located in Hamburg’s Speicherstadt, a UNESCO World Heritage Site. The AR experience is now live on-location in Speicherstadt, and is also available for users to view at home via the ARLOOPA app, offering smartphone users a new way to discover cultural treasures through immersive AR. The campaign video is available here: https://youtu.be/7rwwZQw2C4M.

Introducing HONOR’s Spatial Audio

Announced during IFA 2022, HONOR’s Spatial Audio solution is designed to enable headphones to produce wide, cinematic 3D sound effects that create the sense of immersion required for next-generation AR and VR experiences.

At its core, HONOR’s Spatial Audio is designed to deliver surround sound and 3D audio through headphones by using the accelerometer and gyroscopes in earbuds to track the motion of the user’s head, remapping the sound field to bring users an immersive and delightful audio experience in all scenarios such as movies, music and games. And by means of the algorithm, the changes of sound on its way from the source to the listener’s ear can be simulated. These effects include localization of sound sources above, below, behind and in the front of the listener.

HONOR’s Spatial Audio is the first to support sound externalization distance adjustment, providing users to dynamically adjust the distance of virtual sound sources from 0.15 to 10 meters to suit a more personalized listening experience.

HONOR Talents: Applications for Interactive AR Artwork Category Now Open

Complementing the initiative, HONOR has introduced a dedicated Interactive AR Artwork category as part of its HONOR Talents global design competition. Within the category, contestants are invited to produce digital AR artworks which creatively transform their neighborhoods, including digital overlays for buildings, walls, parks, and other public spaces, helping to get communities closer to culture. Artists interested in the contest can find more information here: https://www.hihonor.com/honor-talents/en/ 

HONOR also partnered with the Central Academy of Fine Arts (CAFA) in China to create a new AR artwork titled INFINITY. The phy-gital experience showcases an artistic interpretation of the universe, which the creative team comprising CAFA faculty members and students use as an analogy to promote intercultural dialogue. The art is available at HONOR’s IFA booth through the ARLOOPA app.

[1] Requires a PC running Windows 10 (with the May 2019 Update or later) or Windows 11.

[2] Color availability varies by region.

[3] Data from HONOR Labs. The test scenarios are daily work using Microsoft Office software, video calls, web browsing, online video playback, music playback, instant messaging, program development and design with default volume under the brightness of 250 nits at room temperature of 25°C. Data may vary due to individual differences in products, usage habits and environmental factors.

[4] Models with Intel® Iris Xe graphics are also available.

[5] Charging data comes from HONOR Labs. Tests were conducted with the in-box 135W HONOR SuperCharger connected to a device with 2% battery. Duration of office work is based on the PCMark Modern Office test. Actual experience may vary by model, usage, charging conditions and other factors.

[6] Data from HONOR Labs.

[7] The resolution measured as a standard rectangle; thus, the effective pixels are slightly less.

[8] Data from HONOR Labs. Rated battery capacity.

About HONOR

HONOR is a leading global provider of smart devices. It is dedicated to becoming a global iconic technology brand and creating a new intelligent world for everyone through its powerful products and services. With an unwavering focus on R&D, it is committed to developing technology that empowers people around the globe to go beyond, giving them the freedom to achieve and do more. Offering a range of high-quality smartphones, tablets, laptops and wearables to suit every budget, HONOR’s portfolio of innovative, premium and reliable products enable people to become a better version of themselves.

For more information, please visit HONOR online at www.hihonor.com or email newsroom@hihonor.com

http://community.hihonor.com/
https://www.facebook.com/honorglobal/ 
https://twitter.com/Honorglobal 
https://www.instagram.com/honorglobal/ 
http://www.youtube.com/c/HonorOfficial

PR Newswire

HONOR Transforms Iconic Cultural Landmark Through the Power of Technology

Leave a comment

New Gateway to the Future Initiative Aims to Make Culture More Accessible and Engaging in the Era of the Metaverse

BERLIN, Sept. 3, 2022 /PRNewswire/ — Global technology brand HONOR today announced Gateway to the Future, an initiative designed to enrich cultural heritage through the power of technology. Launched during its IFA 2022 keynote, HONOR challenged two popular artists to creatively reimagine the Wasserschloss, an iconic landmark located in Hamburg’s Speicherstadt, a UNESCO World Heritage Site using augmented reality (AR). Set against the backdrop of surging interest in the metaverse and the growth of hybrid tourism, the project aims to inspire global creative talent to leverage innovations such as AI, AR and Spatial Audio to connect communities with culture in more immersive ways and support the global tourism rebound, as the world embraces the connected future.

“As a global technology company, HONOR is committed to developing smart device technology which enables people to celebrate and experience cultural treasures from the past while also discovering the possibilities of the future,” said George Zhao, CEO of HONOR Device Co, Ltd. “We predict the rise of AR and AI technologies being used to create even more phy-gital experiences for smartphone users around the world, contributing to the hybrid tourism boom. Beyond tourism, this technology has the potential to benefit a number of other industries and communities. It really is the Gateway to the Future.”


Celebrating Cultural Heritage in the Metaverse

Renowned for being Germany ‘s “Gateway to the World,” Hamburg evolved from a port city to a thriving metropolis by embracing a longstanding culture of community, collaboration and innovation. Inspired by the city’s history of transformation, HONOR chose Hamburg as the pilot location for the project, with the aim of contributing to the digital cultural boom and inspiring people from all around the world to reimagine cultural treasures in the metaverse.

To bring the project to life, HONOR partnered with ARLOOPA, an AR and VR development company, and celebrated artists Yunuene and Timo Helgert, who creatively transformed the famous Wasserschloss building in AR. 

Yunuene’s contribution to Gateway to the Future, entitled “Sailing Through Time” pays tribute to the evolution of the city’s port, showing how innovation in marine logistics transformed over time with her signature visual aesthetic. Timo Helgert’s experience “Blooming Future” takes a more futuristic approach, playing on Hamburg’s status as one of the greenest cities of the world and creatively imagining what the Wasserschloss would look like in a green future where beautiful plants and endangered species can thrive, taking this historic landmark into an otherworldly realm.

“Sailing Through Time” by Yunuene
“Sailing Through Time” by Yunuene

“Blooming Future” by Timo Helgert
“Blooming Future” by Timo Helgert

Unlocking Immersive Experiences through the Power of AI and AR

Through the experience, HONOR also contributes to hybrid tourism, an emerging trend following the global tourism rebound, whereby travelers are expecting digital advances made during the pandemic to benefit and augment physical travel experiences. The AR experiences at the Wasserschloss bring the digital and physical worlds together, allowing travelers to experience culture a totally new way. HONOR has been consistently investing in technologies including AI Space Identification, Spatial Audio and AR to enable enhanced immersive experiences fit for the digital revolution.

“The Warehouse District was named a UNESCO World Heritage site in 2015 with the aim of protecting and preserving the history and culture of one of the world’s largest trading ports. Through the advent of emerging technologies including augmented reality, it is now possible to educate and engage future generations about cultural heritage in new and exciting ways. We were therefore proud to be able to help HONOR’s Gateway to the Future initiative, which not only offers a celebration of the district’s significance to Germany, but also its exciting future as a global metropolis,” said Bernd Paulowitz, Head of UNESCO World Heritage Hamburg.

“With tourism soaring to new heights following years of global lockdowns, it’s great to see brands like HONOR bringing new and enriched experiences to people as they start to explore the world again. This summer, our city saw again the same level in visitors as in summer 2019, which in part has been due to new interactive cultural attractions enabled by technology. Inspired by Hamburg’s status as the Gateway to the World, we’re thrilled to partner with the Gateway to the Future initiative, which we are confident will allow visitors and residents of Hamburg alike to connect with the UNESCO World Heritage Speicherstadt in more immersive ways. We are witnessing a huge demand for hybrid experiences, with travelers increasingly expecting a virtual layer to their interactions with cultural landmarks. This is the right time to harness the power of technology in tourism to create magical experiences for tourists around the world,” said, Guido Neumann, Head of PR of Hamburg Tourism Board.

Reimagine Your Community with HONOR Talents

Launched as part of the HONOR Talents Global Design Awards, Gateway to the Future also aims to inspire creative talent from all around the world to harness technology and reimagine their own communities in the era of the metaverse. For the first time, HONOR Talents is introducing a dedicated AR Interactive Artwork Design category, and is now accepting applications for digital art that transforms local neighborhoods, including digital overlays for buildings, walls, parks, and other public spaces. Artists interested in the contest can find more information here: https://www.hihonor.com/honor-talents/en In addition to Gateway to the Future AR experience, HONOR has partnered with the Central Academy of Fine Arts (CAFA) in China to create a new AR artwork titled “INFINITY”. The art is available at HONOR’s IFA booth through the ARLOOPA app.

AR Experiences are Now Live

Available from today until the end of the year, the Gateway to the Future AR experiences can be accessed through the dedicated HONOR page on the free to download ARLOOPA app. Users have the option to experience the AR artworks on site in Hamburg, or anywhere in the world. The on-site experience is anchored to the Wasserschloss building, and can be viewed from the Poggenmühlen-Brücke, the bridge opposite the landmark. Users who are not in Hamburg can select “experience on any surface” on the app and follow the on-screen instructions to virtually check out the AR experience on a flat surface nearby[1].

About HONOR

HONOR is a leading global provider of smart devices. It is dedicated to becoming a global iconic technology brand and creating a new intelligent world for everyone through its powerful products and services. With an unwavering focus on R&D, it is committed to developing technology that empowers people around the globe to go beyond, giving them the freedom to achieve and do more. Offering a range of high-quality smartphones, tablets, laptops and wearables to suit every budget, HONOR’s portfolio of innovative, premium and reliable products enable people to become a better version of themselves.

For more information, please visit HONOR online at www.hihonor.com or email newsroom@hihonor.com

http://community.hihonor.com/

https://www.facebook.com/honorglobal/ 

https://twitter.com/Honorglobal 

https://www.instagram.com/honorglobal/ 

http://www.youtube.com/c/HonorOfficial

[1] For the best experience, users are recommended to use an ARCore- or ARKit-compatible smartphone.

Gaming, News

Legendary Pokémon Deoxys Appears in Digi Stores Across Malaysia

Leave a comment

Malaysian Pokémon Trainers! Listen up! Reports have emerged of the Legendary Pokémon, Deoxys, appearing at 237 locations across the nation. It is believed that these locations are stores belonging to the Telco named Digi. If the reports are accurate, you will be able to raid Deoxys at these locations throughout the weekend starting on 3rd September 2022.

pokemon go 169 jpg
Source: Pokemon GO

Yep – you read that right. One of the largest Malaysian telcos is partnering up with Niantic to bring a special collaboration specifically for Pokémon Trainers. The partnership will turn 237 Digi stores nationwide into Gyms in Pokémon GO. To kick off the partnership, the Legendary Pokémon, Deoxys, will be obtainable at these gyms on both the 3rd and 4th of September. Deoxys will appear during scheduled raid battles throughout the day.

The partnership isn’t just meant for Digi subscribers either, Pokémon GO players can redeem a free code for an exclusive in-game bundle. The bundle, worth MYR10, includes premium raid passes which you will need to battle and catch Deoxys during the weekend. All you have to do is spend a minimum of MYR5 at the Digi Self-service kiosks located in the Digi store. These kiosks don’t only provide contact points for Digi-related services but also enable users to pay for other services like Astro and Utilities. In addition, the first 50 players who walk into 5 selected Digi stores on 3rd September 2022 will receive an in-game bundle worth MYR30 each.

Digi x Pokemon GO

Of course, since it’s a Digi partnership, the telco is bringing even more benefits to their Postpaid and Prepaid Trainers. Trainers subscribed to Digi can get a leg up on their competition with unlimited data by purchasing a special Unlimited Pokémon GO Pass. With the pass, Trainers will be entitled to 7 days of unlimited access while they Catch ’em all on the app. In addition, prepaid users who renew or purchase their plans during the campaign period will receive an MYR5 credit to purchase the Unlimited Pokémon GO Pass.

Digi will also be having a “Guess The Pokémon” contest on their Facebook page. Anyone who is following Digi’s Facebook Page can take part and be in the running to win a Pokémon Funko Pop worth up to MYR60 each. The campaign runs from 3rd September until 15 October 2022. If you’re interested to find out where to be and getting more information on the giveaways, you can visit the Digi website.

PR Newswire

Moomoo Launches New Earnings Feature, Opens Final Voting for Tutorial Video Challenge

Leave a comment

Trading app furthers commitments to financial literacy and stock education with new features

PALO ALTO, Calif., Sept. 2, 2022 /PRNewswire/ — Moomoo, the next-generation one-stop digital financial service platform, launched its third Moomoo Tutorial Video Challenge focusing on its new earnings calendar feature on September 1.

The moomoo app’s new earnings calendar feature allows investors to track the reporting calendars, recent announcements and stock valuation of publicly-traded companies expected to release investor information during earnings season. Additionally, the app now features earnings interpretations to help investors make educated decisions about their investments as new data becomes available—whether they’re at home or on the go, thanks to moomoo’s mobile-friendly UI.

Additionally, moomoo has announced that final round of voting is now open for the latest Tutorial Video Challenge. Nine investing YouTubers—including technical analysts, financial influencers and personal finance experts—have made it to the final round after submitting competing videos exploring the moomoo app’s new earnings calendar feature.

The Dream Green Show, the YouTuber who participated in this challenge, described earnings calendar in his video as “one of the tools I use at this platform that will take your investing to the next level.”

All moomoo users will vote for the best videos in the following two weeks, and the top three winners will be awarded US$ 3000, 2000 and 1000 cash coupons, respectively. All competitors will receive a certificate and a MooCreator badge for their efforts on promoting professional investing and sharing investing experience.

Designed to both showcase the valuable earnings calendar function offered by the moomoo app and provide a platform to those in the investing community that share moomoo’s commitment to broader financial literacy and investing education, the Tutorial Video Challenge was designed to help every investor connect with the insights and information that resonate with them best.

Vote for the best video through this link: https://rgrowth.moomoo.com/fego/kol-feature-match-3 

Engaging investment influencers to continue financial literacy commitment

This Tutorial Video Challenge is the third in a successful series highlighting moomoo’s new app features and usability. Previously, moomoo had successfully organized two other Tutorial Video challenges in June and July, attracting influential YouTubers whose followers added up to nearly 2.5 million, and gaining over 235,000 votes in total.

In the first challenge, YouTubers produced videos about moomoo’s institutional tracking feature, which enables investors to see and understand the portfolios held by those biggest market players such as Berkshire Hathaway, Soros Capital and ARK Investment. The popular YouTuber Stock Moe, won the first challenge with a total of 20,880 votes.

The second challenge focused on moomoo’s stock screener feature, which allows investors to accurately and quickly filter stocks with parameters including industry sectors, industry indicators, financial indicators, technical indicators, and other market performance indicators. Investors can customize the screener with more than 100 advanced indicators to find the market spotlights and build their own trading strategy with AI support.

Trade The Trader, the YouTuber who mainly focuses on analyzing penny stocks and company financial conditions index, gained 41,336 votes and ranked first among all the competitors in the second challenge.

Since its launch in the U.S. in 2018, moomoo has promoted financial literacy, investment education and responsible investing for all market participants. As of June 2022, moomoo and its sister brand Futubull have rolled out nearly 2,500 investing courses online, with a focus on delivering easy-to-learn content in a variety of formats in order to best equip investors with concepts and tactics to navigate diverse challenges and capture opportunities in the volatile market.

About moomoo

Moomoo is a next-generation one-stop digital financial services platform created by Moomoo Technologies Inc., a fintech company based in Palo Alto, California.

Moomoo integrates trading, market data, and social networking with advanced features, such as AI-powered analytics and anomaly detection functions. It supports free online account-opening and provides access to trade stocks and ETFs in multiple global markets such as the United States, Hong Kong SAR, Singapore, and Australia. Moomoo and its brand affiliates also offer rich investor education content and an interactive online community with over 18 million users in more than 200 countries globally.

Moomoo’s parent company is the Nasdaq-listed fintech company Futu Holdings Limited (“Futu”), which is headquartered in Hong Kong SAR. Futu’s subsidiary is also one of the largest brokerages in Hong Kong SAR. On March 8, 2019, Futu was listed on Nasdaq (stock symbol: FUTU).

For more information, please visit moomoo’s official website at www.moomoo.com.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. Securities are offered through Moomoo Financial Inc., Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with Moomoo Financial Inc. (MFI), Moomoo Technologies Inc. (MTI) or any other affiliate of them. The experiences of the influencer may not be representative of the experiences of other moomoo users. Any comments or opinions provided by the influencer are their own and not necessarily the views of MFI, MTI or moomoo. They do not endorse any trading strategies that may be discussed or promoted herein and are is not responsible for any services provided by the influencer. This advertisement is for informational and educational purposes only and is not investment advice or a recommendation to engage in any investment or financial strategy. Investing involves risk and the potential to lose principal. Investment and financial decisions should always be made based on your specific financial needs, objectives, goals, time horizon and risk tolerance. Any images shown are strictly for illustrative purposes.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. Any illustrations, scenarios, or specific securities referenced herein are strictly for illustrative purposes. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal.

Nine YouTubers successfully entered the final round voting session competing videos about moomoo’s new earnings calendar feature.
Nine YouTubers successfully entered the final round voting session competing videos about moomoo’s new earnings calendar feature.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/moomoo-launches-new-earnings-feature-opens-final-voting-for-tutorial-video-challenge-301617016.html

Source: moomoo Inc.

PR Newswire

LG TO TEASE EXCLUSIVE PLAYMOBIL COLLECTIBLES AT IFA 2022

Leave a comment

Company to Introduce Unique Character Figures and Toy Home Appliances During Berlin’s Annual Tech Showcase

BERLIN, Sept. 2, 2022 /PRNewswire/ — LG Electronics (LG) in collaboration with PLAYMOBIL®, Germany’s renowned toy manufacturer, is set to unveil an exclusive collection of LG-themed toys at IFA 2022 in Berlin. The adorable, new figures and toy appliances will be available from next year at a series of online and offline events aligned with LG’s commitment to creating F.U.N (First, Unique and New) customer experiences.

LG TO TEASE EXCLUSIVE PLAYMOBIL COLLECTIBLES AT IFA 2022
LG TO TEASE EXCLUSIVE PLAYMOBIL COLLECTIBLES AT IFA 2022

Displayed in the Lifestyle zone of the company’s IFA booth – along with LG’s latest, premium home appliances – are three of the brand-new character figures created by LG and PLAYMOBIL. There’s the safety-conscious and always-ready-to-help Henry (a.k.a. ‘LG Man’), the popular kitchen and lifestyle influencer Nora, and the fashion-forward J. J.

Helping the trio of LG-PLAYMOBIL personalities to live a comfortable, miniature-scale lifestyle at home are toy versions of LG’s innovative appliances, including washing machines, InstaView™ ovens and InstaView refrigerators, and the all-in-one WashTower™.

The cute characters and pint-sized appliances will also be maintaining a social media presence, appearing in entertaining content across LG’s online channels, including the Home Appliance Company’s official Instagram account, the Life’s Good Kitchen (@lifesgoodkitchen).

“We’re delighted to give IFA visitors a sneak preview of our fantastic new toy collection, created in collaboration with Germany’s own PLAYMOBIL,” said Roh Soo-kie, head of brand communications at LG Electronics Home Appliance & Air Solution Company. “Consumers will be able to get their hands on these very collectible, little toys at exclusive events and promotions starting in early 2023. We will continue to offer interactive activities that deliver unique customer experiences and highlight LG’s ongoing commitment to innovation for a better life.”

Visitors to IFA 2022 (September 2-6) in Berlin, Germany, can learn more about the new toy collection at LG’s exhibition booth (Hall 18, Messe Berlin).

About LG Electronics Home Appliance & Air Solution Company

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

LG TO TEASE EXCLUSIVE PLAYMOBIL COLLECTIBLES AT IFA 2022
LG TO TEASE EXCLUSIVE PLAYMOBIL COLLECTIBLES AT IFA 2022

Source: LG Electronics, Inc.

PR Newswire

ViewSonic Celebrates 35th Anniversary with Successful Transformations and “Ecosystem as a Service” Strategy

Leave a comment

BREA, Calif., Sept. 2, 2022 /PRNewswire/ — ViewSonic Corp., a leading global provider of visual and EdTech solutions, celebrates its 35th anniversary and announces its latest strategy – “Ecosystem as a Service” (EaaS). Over the years, the company has successfully transformed from a hardware company to a solutions provider. With its experience and expertise, it further commits itself to innovating and collaborating with its partners to strengthen the entire ecosystem, promoting the industry to greater transformations.

With over 35 years of expertise in visual display, ViewSonic has transformed into a solution company.
With over 35 years of expertise in visual display, ViewSonic has transformed into a solution company.

“Founded in 1987, our business initially produced monitors. We expanded to other product lines and achieved tremendous success in corporate, consumer, and education segments,” said James Chu, CEO of ViewSonic. “To respond to the fast-changing environment, we started to transform our company and develop solutions by integrating hardware, software, and services. With the vision to inspire the world to see the difference between the ordinary and the extraordinary, we will continue to partner with the industry more closely to accelerate innovation and solve our customers’ problems.”

Facilitate Industrial Transformations with EaaS

The concept of Ecosystem as a Service (EaaS) is to include the stakeholders within the industry in the process of solution development and to create new services together. Starting with the education sector, ViewSonic has achieved great results with the EaaS strategy and will plan to implement the strategy in other segments to expand it globally. 

In its pioneer project, ViewSonic partnered with governments, schools, and educational institutes to launch a series of training and certification programs to improve teachers’ digital teaching ability. Beyond that, ViewSonic worked with publishers and hosted competitions to encourage teachers to create innovative learning materials for their lessons. Through engaging on online social media platforms, ViewSonic built a community of educators, allowing them to share their experiences and exchange ideas about teaching digitally. All stakeholders in the industry could come together and work with ViewSonic to establish issues around digital teaching. All these aspects worked to form a well-rounded ecosystem within the education industry.

Lead the World of EdTech from 2D to 3D

As a leading EdTech brand, ViewSonic provides a total solution that integrates ViewBoard interactive displays, myViewBoard software, and an EdTech ecosystem. During the pandemic, ViewSonic offered myViewBoard for free to K-12, colleges, and universities, supporting online teaching and learning during school closures. To date, myViewBoard has exceeded 6 million users around the world.

However, the current mode of online learning is still limited by the lack of interaction, making it difficult for educators to evaluate student engagement during classes. To resolve these issues, ViewSonic elevated the digital learning experience from a 2D education environment to an immersive 3D environment. Through the introduction of UNIVERSE by ViewSonic, a metaverse for education, educators and students can teach and learn as if they were in a real classroom. Combined with intuitive controls and diverse tools, teachers can engage students in discussions and group collaboration, gaining feedback in real-time. Students are able to express themselves and interact with peers through personalized avatars. UNIVERSE brings a sense of belonging to both teachers and students no other online learning platforms can provide.

Innovative Solutions to Evolve Lives

The pandemic has changed the foundations of the society and people’s lifestyle. More than ever, people are adopting new technologies to re-adjust to their new lives, while businesses are seeking advanced and efficient solutions to sustain themselves. ViewSonic provides a full range of innovative products and services to help consumers and businesses improve their efficiency, flexibility, and performance.

By introducing a series of portable monitors, projectors, and pen displays, people can work, play, and learn anytime, anywhere. With advanced functions, such as videoconferencing, people can enjoy high-quality communication and collaborate remotely. For sustainability, ViewSonic has been using LED technology to develop more sustainable solutions. It expands its LED projector solutions from consumers to corporations, which addresses the critical need for equipment to be energy-saving and maintenance-free. The latest digital signature solution makes workflow more efficient and fulfills security requirements for multi-identification verification across telecom, banking, hospital, and hotel industries.

With a customer-centric mindset, ViewSonic will continue to upgrade its product line, invest in the latest technologies, and create a tight-knit community between educators, creators, and gamers across different vertical markets to inspire the world with visual excellence.

About ViewSonic

Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, pen displays, commercial displays, All-in-One LED displays, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 35 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers “See the Difference.” To find out more about ViewSonic, please visit www.viewsonic.com.

Source: ViewSonic Corp.

PR Newswire

Geek+ announces Brian Lee as new head of Geek+ Europe & UK

Leave a comment
  • Brian Lee, Managing Director of Geek+’s UK division, takes over as head of European business

DÜSSELDORF, Germany, Sept. 1, 2022 /PRNewswire/ — Geekplus, the global leader in autonomous mobile robots, has a new executive at the helm of its European operations. Brian Lee, who joined the company in 2018 and previously headed Geekplus’s operations in the UK and Ireland, will now oversee the company’s business across the European continent.

Brian Lee has held key leadership roles at Geekplus. In 2018, he joined the Hong Kong office as international sales director responsible for the company’s commercial growth across international markets. He successfully established Geekplus projects in over 10 countries including landmark projects that marked the company as the AMR leader in the Asia Pacific region. In 2021, he became head of the UK and Ireland, setting up the company’s first office there. Prior to joining Geekplus, Brian Lee spent 10 years in operations and business sector management at DHL Supply Chain. He has over 20 years’ experience in logistics, extensive experience in vertical business development and operations management, and is a chartered member of the Chartered Institute of Logistics and Transport (CILT).

Geekplus Founder and CEO Yong Zheng commented: “Brian is a true asset. Over the past four years, we have seen how his expertise has helped our company grow and become a leader in several countries around the world. With him leading it, the Europe division will extend our advantage in the smart logistics sector and further our mission of moving Europe intelligently.”

Speaking about his new appointment, Lee said: “I’m very happy to take up this new role as head of Europe UK at Geekplus. I’ve greatly enjoyed my journey with the company in Asia and in the UK, and this new European challenge is very exciting. I aim to help Geekplus better serve our customers through even better project delivery and after-sales service and expand our network of partners to make our technology available to even more European businesses.”

Europe is a key market with vast possibilities for growth and expansion in smart logistics. Geekplus opened its European division, with its headquarters in Düsseldorf, Germany, in 2019. That office is now home base for over 100 employees. Earlier this year, this division celebrated its sixteenth country with successfully deployed Geekplus technology.

With European business expanding quickly, the priorities for the next phase of development will be to enhance customer satisfaction and user experience; support customers in accelerating their automation and digitalization with more standardized AMR applications; and add to the already impressive European network of partners, distributors, and integrators that help provide access to Geekplus’s solutions.

About Geek+

Geek+ is a global technology company leading the intelligent logistics revolution. We apply advanced robotics and AI technologies to realize flexible, reliable, and highly efficient solutions for warehouses and supply chain management. Geek+ is trusted by over 500 global industry leaders and has been recognized as the world leader in autonomous mobile robots. Founded in 2015, Geek+ has over 1500 employees, with offices in Germany, the United Kingdom, the United States, Japan, South Korea, Mainland China, Hong Kong SAR, and Singapore. 

For more information, please visit: https://www.geekplus.com/ 

Cision View original content:https://www.prnewswire.com/news-releases/geek-announces-brian-lee-as-new-head-of-geek-europe–uk-301616089.html

PR Newswire

EQT sets target fund size for EQT Infrastructure VI at EUR 20 billion

Leave a comment

STOCKHOLM, Sept. 1, 2022 /PRNewswire/ — EQT has today set the target size for the EQT Infrastructure VI fund at EUR 20 billion. The actual fund size is dependent on the outcome of the fundraising process and may be higher or lower than the target size. The EQT Infrastructure VI fund’s investment strategy and commercial terms are expected to be materially in line with the predecessor fund EQT Infrastructure V.

To ensure continuity between two fund generations, EQT’s capital raisings usually follow a cycle with successor funds targeted to be in a position to commence investment activities when the predecessor fund is close to being fully invested. This means that the commitment period of the predecessor fund typically ends when approximately 80 to 90 percent of its total commitments are invested, with remaining commitments being available primarily for add-on acquisitions and strategic capital injections as well as for ongoing expenses. 

Management fees for the EQT Infrastructure VI fund will be charged from the earlier of (i) the date of signing of its first investment; or (ii) the date of termination of the commitment period of the EQT Infrastructure V fund. Management fees on the EQT Infrastructure V fund will thereafter be based on net invested capital.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT Infrastructure VI will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

THIS IS INFORMATION THAT EQT AB (PUBL) 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 BELOW AT 21:00 CET ON 31 AUGUST 2022.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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

https://news.cision.com/eqt/r/eqt-sets-target-fund-size-for-eqt-infrastructure-vi-at-eur-20-billion,c3624071

The following files are available for download: