Yearly Archives: 2022

PR Newswire

Recon Receives NASDAQ Notification Regarding Minimum Bid Requirements

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BEIJING, June 4, 2022 /PRNewswire/ — Recon Technology, Ltd (NASDAQ: RCON) (“Recon” or the “Company”) today announced that on June 1, 2022, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company’s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company’s ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “RCON”.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until November 28, 2022 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance with the minimum bid price requirement by November 28, 2022, the Company may be eligible for an additional 180 calendar day grace period.

About Recon Technology, Ltd (“RCON”)

Recon Technology, Ltd (NASDAQ: RCON) is the People’s Republic of China’s first NASDAQ-listed non-state owned oil and gas field service company. Recon supplies China’s largest oil exploration companies, Sinopec (NYSE: SNP) and The China National Petroleum Corporation (“CNPC”), with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, RCON has taken leading positions within several segmented markets of the oil and gas filed service industry. RCON also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: http://www.recon.cn/.

Forward-Looking Statements

Recon includes “forward-looking statements” within the meaning of the federal securities laws throughout this press release. A reader can identify forward-looking statements because they are not limited to historical fact or they use words such as “scheduled,” “may,” “will,” “could,” “should,” “would,” “expect,” “believe,” “anticipate,” “project,” “plan,” “estimate,” “forecast,” “goal,” “objective,” “committed,” “intend,” “continue,” or “will likely result,” and similar expressions that concern Recon’s strategy, plans, intentions or beliefs about future occurrences or results. Forward-looking statements are subject to risks, uncertainties and other factors that may change at any time and may cause actual results to differ materially from those that Recon expected. Many of these statements are derived from Recon’s operating budgets and forecasts, which are based on many detailed assumptions that Recon believes are reasonable, or are based on various assumptions about certain plans, activities or events which we expect will or may occur in the future. However, it is very difficult to predict the effect of known factors, and Recon cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under “Risk Factors” in Recon’s most recent Annual Report on Form 20-F and any subsequent half-year financial filings on Form 6-K filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by the cautionary statements that Recon makes from time to time in its SEC filings and public communications. Recon cannot assure the reader that it will realize the results or developments Recon anticipates, or, even if substantially realized, that they will result in the consequences or affect Recon or its operations in the way Recon expects. Forward-looking statements speak only as of the date made. Recon undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, Recon.

For more information, please contact:

Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5799
Email: info@recon.cn

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Computers, Gaming, News

PlayStation State Of Play – Everything You Need to Know for PS5 Games

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PlayStation’s State of Play just happened. The company has announced so many things in its supercut of trailers, gameplay and announcements. The 29-minute supercut brought exciting new announcements as well as updates to games announced at the previous State of Play. Here’s a rundown of what you need to know for the PlayStation 4, PlayStation 5 and PC.

Final Fantasy XVI Coming to PS5 in Summer 2023

Final Fantasy XVI has entered the final leg of development as Square Enix announces a summer 2023 release window for the much-anticipated game.

The new entry into the Final Fantasy franchise thrusts players into the world of Valisthea where the delicate balance between six factions teethers as a malady called the Blight continues to spread.

Final Fantasy XVI - State of Play June 2022 Dominance Trailer | PS5 Games

In its latest update, Square Enix introduces us to Eikons, the summons of Valisthea and the Dominants of the Eikons Titan and Garuda. These characters join a growing cast that is set to capture the heart of Final Fantasy fans. Like all the other entries, XVI promises to throw players into a story driven adventure where they will learn about Ifrit, Ramuh, and Bahamut and uncover the intricacies of the conflict in Valisthea. Of course, you’ll be able to learn more about the world at the official Final Fantasy XVI site as we wait for Summer 2023 to arrive.

Street Fighter 6 Brings Classic Fighters to the Modern Era

Teased earlier this year, Street Fighter 6 expands the world of Street Fighter further with new faces and a whole new Drive System. The game also brings new modes for gameplay including new Battle Hub and World Tour modes. The former is an expansive online multiplayer mode while the latter allows players to carve their own story in Street Fighter 6. Capcom promises more information on these modes in the near future.

The game is built using Capcom’s RE Engine which the company used for Resident Evil 7 and Devil May Cry 5. The new engine brings the fighter classic into the new era with amazingly detailed character design and realistic details. The RE engine also allows a new, versatile Drive System which allows players to perform parries, dashes and super moves that will bring more spice to gameplay.

Street Fighter 6 - State of Play June 2022 Announce Trailer | PS5 & PS4 Games

Capcom also unveiled a few characters from the roster in Street Fighter 6. A new character, Jamie, joins the universe. Jamie is a character that uses the Drunken master style of battle and powers up with every drink he takes during battle. There are returning characters from Street Fighter 5 as well. Luke was the only one revealed at State of Play. Of course, no Street Fighter game would be complete with classics like Ryu and Chun-Li who sport updated designs and new moves.

Street Fighter 6 is set to debut in 2023. No specific date has been announced just yet but more information is coming soon.

Resident Evil 4 Remake Coming in 2023

It seems like the Resident Evil franchise is rife for the remakes. After the much praised release of Resident Evil 3 Remake back in 2020, the fourth installation is looking to get the same treatment. The game which was first released back in 2005 will debut again come 2023.

The game is being updated with state of the art graphics and mechanics that will bring the classic back to life for a second time. Like other remakes, Resident Evil 4 will see some liberties taken to update and reimagine some elements of the story and gameplay.

Resident Evil 4 - State of Play June 2022 Announcement Trailer | PS5 Games

The game takes place 6 years after the events in Racoon City and Leon finds himself as recruited as an agent reporting directly to the president. He is tasked to rescue the kidnapped daughter of the President of the United States.

Marvel’s Spider-Man is Heading to the PC

Both instalments of the critically acclaimed Spider-Man games: Spider-Man and Spider-Man Miles Morales are making their way to PC. The games have made a notable mark on both the PS4 and PS5. Spider-Man alone has sold over 33 million copies worldwide.

The PC versions of these games aren’t just your regular PC ports. The games are getting remastered and adapted to take full advantage of the perks that come with being on a PC. Insomniac Games is bringing a whole new level of detail when it comes to the graphics with features like ray-tracing and customisable render settings. The game will also have keyboard and mouse compatibility – HOORAY!

Marvel’s Spider-Man Remastered – State of Play June 2022 Announce Trailer I PC Games

You’ll be able to jump into Peter Parker’s shoes once again come August 12, 2022, with the launch of Spider-Man Remastered. Spider-Man Miles Morales Remastered will be launching sometime in Fall 2022.

Stray Comes to PS4 & PS5 on July 19 via PlayStation Plus Extra & Premium

You’ll be able to become a cat as you explore the world of Stray – a brand new game coming to PlayStation 4 and PlayStation 5. It will also be part of the new PlayStation Plus Extra and Premium subscriptions come July 19, 2020.

Stray - State of Play June 2022 Trailer | PS5 & PS4 Games

Stray puts you in the paws of a cat as you try to find your way back home. The game throws you into a world populated by robots, machines and viruses as you control your protagonist cat. You will be exploring the vivid, colourful world as you try to find your way back to your family. As you explore, you will need to solve puzzles and even fend off enemies. You won’t be doing this alone as you have your trusty drone, B-12, that follows you everywhere and helps you interact with the world and its inhabitants.

Sci-Fi Horror makes a Comeback with Callisto Protocol

The Callisto Protocol sees Dead Space creator, Glen Schofield, return to the sci-fi survival horror genre with his new studio, Striking Distance Studios. The game takes place in the 2320 on Jupiter’s Moon, Callisto. You play as Jacob Lee, an inmate at Black Iron Prison, who is caught fighting for survival as the a mysterious outbreak throws the moon into chaos. You will need to fight Biophages – monstrous creatures that were once prison guards and inmates.

The Callisto Protocol - State of Play June 2022 Trailer | PS5 & PS4 Games

The game takes advantage of the PlayStation 5’s features such as 3D Audio and acoustic ray tracing to create a sense of horror and terror. Using the most advanced graphics and sound engineering to create tension and an atmosphere that will make you scream. The Callisto Protocol is set to debut on December 2, 2022, on both PS4 and PS5.

Horizon Forbidden West’s Big Update Goes Live

Together with the announcement of Horizon Call of the Moutain, Guerrilla Games also announced that Horizon Forbidden West is getting a massive, free update. The update is already available today.

The new update brings many quality of life updates as well as some that will change the way you experience the game. Two of the largest things that will be coming to the game are New Game+ and Ultra Hard Mode. These modes will allow you to replay Horizon Forbidden West in higher difficulties as well as 100% the game by unlocking achievements and hidden items you couldn’t get to initially.

Horizon Forbidden West - State of Play June 2022 Major Update 1.14 Trailer | PS5 & PS4 Games

In addition to this, players will also be able to customise their outfits further with the new transmog feature. The new feature allows players to cosmetically change their outfits to look like any other one that they already own. Respec will also allow players to freely reset their skill points to create a new paragon while playing. A new Herbalist vendor who sells animal parts is also part of the update.

The update also brings a revamp to Temporal Anti-aliasing that will improve the visual fidelity in Performance mode on the PS5 and rendering on the PS4 Pro.

Aside from the games we dove into here, there are also a number of other games that will be joining the PlayStation library. Of note, Tunic, an isometric action game released earlier this year, is making its debut on 27 September 2022. During the same period, you will also be able to get your hands on Season: A Letter to the Future. The game takes you on adventure of self discovery as the season comes to an end and the unknown future comes. Finally, there is also Rollerdrome, a game set in the not too distant future where a new blood sport has taken centerstage.

With all of these and more coming to PlayStation, what are you most excited for?

PR Newswire

Digital payments in India projected to reach $10 trillion by 2026: PhonePe Pulse and BCG release report on digital payments

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Highlights of the report:

  • Value of digital payments in India to increase three-fold from US$3 trillion today to US$10 trillion by 2026
  • Digital payments will constitute nearly 65% of all payments by 2026, up from 40% today
  • UPI adoption will surge from 35% in FY 21 to 75% in the next five years
  • 7x growth in digital merchant payments – from US$ 0.3-0.4 trillion today to US$ 2.5-2.7 trillion by 2026

BENGALURU, India, June 4, 2022 /PRNewswire/ — PhonePe, India’s leading digital payments company, in collaboration with  Boston Consulting Group (BCG), today unveiled a report titled, “Digital payments in India: A $10 trillion opportunity”. The report leverages BCG’s industry expertise in payments and the fintech domain, along with PhonePe’s deep insights and expertise as the market leader in Indian digital payments and its extensive Pulse database to look at top digital payments trends in India.

Digital payments in India projected to reach $10 trillion by 2026: PhonePe Pulse and BCG release report on digital payments
Digital payments in India projected to reach $10 trillion by 2026: PhonePe Pulse and BCG release report on digital payments

India’s digital payments landscape has witnessed a phenomenal growth over the past five years. As per the report, India’s digital payments market is at an inflection point and is expected to increase more than threefold from the current US$3 trillion to US$10 trillion by 2026. As a result of this unprecedented growth, digital payments (non-cash) will constitute 2 out of 3 payment transactions by 2026.

The report also talks about how the digital payments ecosystem has been positively disrupted by the entry of multiple new players with diverse offerings driving digital payments adoption at scale. Leading global and Indian fintech players have been key drivers of UPI adoption in India among end users, aided by buildout of a large QR-code based merchant acceptance network, and further supported by user-friendly interfaces, innovative offerings and an open API ecosystem.

The report goes on to list the levers for further growth of digital payments in India which include – simplified customer onboarding, continued push for consumer awareness, expanding merchant acceptance, merchants getting greater access to credit, infrastructure upgrades and the setting up of a financial services marketplace driving growth in underpenetrated regions. It also talks about how IoT, 5G & CBDC will provide further impetus to growth.

Commenting on the launch, Karthik Raghupathy, Head of Strategy, and Investor Relations, PhonePe, said, ”We are excited to partner with BCG to release Digital payments in India: A $10 trillion opportunity. The report is an in-depth commentary on the growth of digital payments in India and looks at factors and enablers that will help unlock the massive growth potential going forward. This report is part of the PhonePe Pulse initiative, which was launched last year, in our effort to give back to the Fintech ecosystem. PhonePe Pulse has been very well received by all the key stakeholders in the ecosystem and has emerged as India’s go to destination for insights and trends on digital payment in the country.

Karthik further added, “‘As India’s largest Fintech platform we have seen the growth of UPI over the last few years. UPI has supercharged India’s transition to non-cash payments when it comes to both person-to-person (P2P) and person-to-merchant (P2M) transactions. Not surprisingly, UPI saw about 9x transaction volume increase in the past 3 years, increasing from 5 billion transactions in FY19 to about 46 billion transactions in FY22: accounting for more than 60% non-cash transaction volumes in FY22. This indicates that digital payment has truly gained ubiquitous acceptance across the country. While Tier 1-2 cities have witnessed high acceptance of digital payments, penetration in Tier 3-6 cities shows headroom for growth. The next wave of growth will now come from Tier 3-6 locations, as evidenced in the past two years wherein Tier 3-6 cities have contributed to nearly 60-70% of new customers for PhonePe.”

Prateek Roongta, Managing Director & Partner, Boston Consulting Group said, “India is set to become a digital payment economy as source of payments invert with 65% transactions being done digitally by 2026, as opposed to 40% transactions today. Merchant payments will emerge as the most powerful driver of this growth, especially in the offline segment due to growing QR code deployments. We expect that merchant payments will soon outpace person-to-person fund transfers.”

Prateek further added, “We will increasingly observe digital payments get embedded in all forms of commerce, we will also witness the progression from embedded payments to embedded finance. As more and more merchants begin to accept digital payments, it will unlock a significant change in access to credit for small merchants due to the creation of a digital transaction trail.”

To download the report, visit: pulse.phonepe.com or https://www.bcg.com/en-in/publications/2022/future-of-digital-payments-in-india 

About PhonePe: 

Founded in December 2015, PhonePe has become a homegrown success story, with its meteoric growth powered by India’s emerging digital ecosystem, particularly in the Unified Payments Interface (UPI) space. The company builds products and offerings tailored for the Indian market and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 380 million registered users, one in four Indians are now on PhonePe. The company has also successfully digitized over 30 million offline merchants spread across Tier 2,3,4 and beyond, covering 99% pin codes in the country. PhonePe is proud to help lead India’s country-wide digitization efforts and believes that this powerful public-private collaboration has made the Indian digital ecosystem a global exemplar.

About PhonePe Pulse – Trends and insights on digital payments in India:

To demystify data on the Indian digital payments landscape and in an effort to give back to the ecosystem, PhonePe Pulse was launched in September 2021. Pulse is a novel interactive platform that is India’s go-to destination for accurate and comprehensive data on digital payment trends. As the market leader in Indian digital payments, PhonePe’s data is representative of the country’s payment habits. With its rich repository of trends, insights, and in-depth analysis, Pulse showcases India’s beat of progress in the digital payment landscape. 

About Boston Consulting Group (BCG):

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fuelled by the goal of helping our clients thrive and enabling them to make the world a better place.

PR Newswire

Dada Group’s JDDJ fulfilled the first order in JD618 Grand Promotion, and saw sales surge

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SHANGHAI, June 3, 2022 /PRNewswire/ — On May 31, only 10 minutes after the official opening of JD618 Grand Promotion, one consumer who lives in Chaoyang District, Beijing, had received the milk powder and kid toys she bought from JDDJ. These products labeled with “Shop Now”, are supported by Dada’s “One-hour” delivery service that guarantees timely deliveries.

From May 31, 8pm to June 1, 8pm, the sales generated on JDDJ and JD’s Shop Now service increased by 175% on a year-on-year basis. The sales of a number of categories increased by more than 2 times yoy, including cell phone, computer, clothing, drinks, mother and baby, home appliances, pets and personal cleaning.

Offline retail stores participated in JD618 Grand Promotion
Offline retail stores participated in JD618 Grand Promotion

JDDJ and JD’s Shop Now service leveraged more than 150,000 offline stores, across over 1,700 cities and counties engaged, to provide consumers in China with products across all categories, deliverable within one hour.

On-demand retail has become a key driver for offline retailers and brands’ omni-channel growth. On the first day, the online sales from brick and mortar retailers such as Decathlon, Zhongbai Supermarket, Jiarong Supermarket, Wangzhongwang Market, increased by more than 200% yoy. Rainbow Supermarket and Sofly participated the JD618 for the first time, also experienced significant growth.

Well-known brands also witnessed great growth on JDDJ and Shop Now. The first-day sales of brands like Unilever, Yili, Apple, Huawei, Honor, Dell, Xiaomi, Haier, Hisense, Estee Lauder, increased by more than 2 times year-on-year.

During this JD618 Grand Promotion, JDDJ upgrade the live broadcasting program and launched the “Thousands Stores LIVE Shopping Carnival.” By collaborating with more than 22,000 brick-and-mortar stores, the number of viewers exceeds 1.5 million in one single show.

Besides products, consumers can also enjoy convenient services such as house-keeping, laundry and shoe washing on JDDJ and Shop Now. On the first day, the order volume of JD’s self-operated house-keeping increased by 248% yoy, and laundry service increased by 233% yoy.

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The company’s two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol “DADA”.

About cooperation between Dada Group and JD.com

In October 2021, Dada Group and JD.com jointly launched the Shop Now service, and “Nearby”, a new tab on the homepage of JD.com’s app, which were designed to connect customers to nearby offline stores. The new business was overall undertaken by Dada Group. Shop Now service enhances on-demand location-based retail capabilities of both Dada and JD to provide one-hour retail and delivery services for consumers and partners. By clicking into the new Nearby tab, JD’s roughly 570 million users will have the opportunity to discover offline stores within a 3-5 kilometer radius of their shipping address with a wide array of product offerings.

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PR Newswire

ASIP Tech selected by Wizz Air for free inflight connectivity

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NEW YORK, June 3, 2022 /PRNewswire/ — AS-IP Tech (USOTC: IPTK) announced today it has signed an agreement with Wizz Air (LSE: WIZZ) to provide connectivity on its fleet of A320 and A321 UK based aircraft.

In a world first, Wizz Air will integrate AS-IP Tech’s fflya Bluetooth platform into its mobile app and provide free messaging (SMS, Email and WhatsApp) to its passengers. It will be marketed as TEXT&FLY BY WIZZ.

ASIP Tech President Ron Chapman said “Following months of successful flight testing, we are delighted to be selected by Wizz Air pioneering our new generation of inflight connectivity.  We look forward to working with WIZZ and building on our unique messaging technology that provides the foundation for enhanced services including, inflight live payment, real-time telemetry and E Commerce.” 

Marion Geoffroy, Managing Director at Wizz Air UK, said “At Wizz Air, we are always looking to enhance the customer experience, which is why we are delighted to now offer our customers free connectivity for messaging onboard our UK flights. TEXT&FLY BY WIZZ underlines our commitment to enhancing our digital offering and putting customer satisfaction first.”

About Wizz Air

Wizz Air, the fastest growing European low-cost airline and one of the most sustainable, operates a fleet of 154 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 10.2 million passengers in the financial year F21 ending 31 March 2021. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world’s top ten safest airlines by airlineratings.com, the world’s only safety and product rating agency, and 2020 Airline of the Year by ATW, the most coveted honour an airline or individual can receive, recognizing individuals and organizations that have distinguished themselves through outstanding performance, innovation, and superior service.

About AS-IP Tech, Inc.

AS-IP Tech, Inc. is leading the world in Bluetooth connectivity solutions for aircraft. The company management has a thirty-year history of flying new communication technologies worldwide.

Over the past decade AS-IP Tech focus has been on creating a new method to connect passengers with the aim of reducing the high costs of inflight connectivity. The corporate jet version of fflya, Bizjetinternet is distributed by BizjetMobile LLC.

Safe Harbor Disclosure:

This press release may include “forward-looking statements” within the meaning of the federal securities laws, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates,” “may,” “will,” “should,” “could,” “expect,” “intend,” “project,” and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the company’s projections and expectations are disclosed in the company’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

For more information: 

http://www.asiptech.com 
http://www.fflya.com 
http://www.bizjetmobile.com

Wizz Air Group; communications@wizzair.com 
Follow us on Instagram: @wizzair 
Follow us on Facebook: @wizzair 
Follow us on Twitter: @wizzair

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PR Newswire

JX Luxventure receives Nomination for the “Best Software Solution Provider” Award

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HAIKOU, China, June 3, 2022 /PRNewswire/ — JX Luxventure Limited (Nasdaq: LLL) (the “Company”), a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism, announced today that that on June 2, 2022, it received a nomination for “Best Software Solution Provider” award at the 2022 Fifth Annual Global Cross-border E-Commerce Forum. 

Ms. Sun “Ice” Lei, Chief Executive Officer of the Company commented: “Other nominees for this award are all well-known software and cross-border merchandise providers in the world, including Oracle China, Shoplazza and GiiMall.  We are truly honored that the Company, being the only early-stage company, was nominated for this award.   This is the affirmation of the professional work done by our technology team, led by our CTO, Liu Ze, an expert in Artificial Intelligence, Internet of All Things and Block Chain.  We have identified technology consulting as a new business segment and on June 1, 2022, we signed the first Technology Consulting Agreement with a value of USD1,000,000.   This is a great beginning of our technology consulting business and paved a solid foundation for the future.”

About JX Luxventure Limited

Headquartered in Haikou, China, JX Luxventure Limited is a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism. To learn more about the Company, please visit its corporate website at en.jxluxventure.com.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of JX Luxventure Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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PR Newswire

Dreame Technology to Launch the D10 Plus Robot Vacuum and Mop in June

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BEIJING, June 3, 2022 /PRNewswire/ — Dreame Technology (“Dreame”), a global leading company in smart home cleaning appliances, is set to launch the new D10 Plus Robot Vacuum and Mop this June, delivering a best-in-class configuration that unlocks even more possibilities for enhanced, customized cleaning.

Dreame Technology to Launch the D10 Plus Robot Vacuum and Mop in June
Dreame Technology to Launch the D10 Plus Robot Vacuum and Mop in June

The D10 Plus is a 2-in-1 robot vacuum and mop that represents a breakthrough in power and efficiency. Equipped with 4000Pa super suction, an anti-tangling rolling brush, and LiDAR navigation, it is far more powerful than other robot vacuums that share the same price point. Moreover, it offers up to 45 days of hands-off cleaning, ensuring a spotless home without the need to continuously check up on the machine.

“At Dreame Technology, we believe that technology helps create a healthier life,” said Terry Tian, Head of Product Design at Dreame Technology. “This belief drives our strong focus on R&D, as we seek to continuously innovate and enhance the cleaning experience. We are thrilled to soon unveil the D10 Plus and its cutting-edge features to customers around the world, providing them with a state-of-the-art cleaning experience.”

The D10 Plus was designed to level up cleaning. Its super suction enables it to sweep away large debris, fine particles, and pet hair with four levels of suction power. By turning on “Auto Boost mode” in the app, the machine will automatically increase the suction power when it encounters carpet, and it will reduce the suction power when returning to hard floors to reduce power consumption. Meanwhile, the integrated mop follows up by cleaning the floor, with three levels of water spray that allow it to target stubborn stains, footprints, and juice/coffee stains. The super-dense fiber cloth ensures even water distribution, and dries quickly.

With its automatic dust collection, the D10 Plus is perfect for families, especially those with pets. The intelligent system, boosted by a 2.5L large dust bag, enables hands-free cleaning. After each cleaning session, the D10 Plus then automatically returns to the dust collecting base to empty the dust box, and is able to clean independently like this for up to 45 days.

Moreover, the D10 Plus boasts an innovative double air channel design, one for blowing and the other for suction. This ensures that all dust – even those at the corners of the dust box and in the suction port – is effectively sucked in. Unlike the standard method of robot vacuum dust collection, which sees dust build up and need to be regularly cleaned, the double air channel design ensures the machine stays clean and always looks new. Moreover, its anti-tangling rolling brush easily eliminates long hair and pet hair. With these two powerful capabilities acting in conjunction, families can enjoy peace of mind and know that their house is meticulously maintained by the D10 Plus.

The D10 Plus also makes customized cleaning a possibility. Thanks to intelligent LiDAR navigation boosted by its highly-advanced SLAM algorithm, it provides fast scanning, dynamic and accurate mapping, and efficient route planning. Cleaning methods can also be tailored to surface characteristics. Moreover, with the app, users can enjoy advanced map features, including storing multiple maps, identifying restricted areas and key cleaning zones, and more.

The D10 Plus will be launched in markets around the world this June.

For more information please visit: https://www.dreametech.com/

About Dreame Technology

Established in 2017, Dreame Technology is an innovative consumer product company that focuses on smart home cleaning appliances with the vision to empower lives through technology. Follow us on Facebook, Instagram and Twitter. For more information, please visit Dreame.

PR Newswire

Sylvox Outdoor TV Big Savings Event in Walmart+ Weekend

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LOS ANGELES, June 3, 2022 /PRNewswire/ — Sylvox is participating the first-ever Walmart+ Weekend, a new savings event for Walmart+ members. As global expert in outdoor TVs, Sylvox will be the first brand in the business to be promoted for this exclusive event.


Walmart+ membership is the retailer’s paid subscription answer to Amazon Prime. Beginning June 2nd, members will enjoy up to 40% discounts on the top brands in consumer electronics, apparel, toys, furniture, and even large appliances. Sylvox DECK 55″ series outdoor TV is set to appear on Walmart.com homepage during the weekend, as Exclusive Access offering to the millions of W+ members. The DECK series is a part of the product portfolio Sylvox created that enables smart technologies for customers to enjoy outdoor entertainment.

For 13 years, Sylvox has been an industry leader in specialty displays, building TVs to use in RV, yacht, poolside, and outdoor. The new Sylvox Outdoor TVs come in varies of sizes and are featured by top grade technologies in UV protection, Waterproof, Anti-Corrosion, Anti-Moisture and Cooling System to ensure longest service life in the market. The new products also are equipped with most advanced QLED display, Smart Linux operating system that supports Google Cast Connect, and a wide choice of popular applications, including Netflix, YouTube, and Twitter.

Specification

Sylvox DECK

Screen Size

75/65/55/43

Screen Category

DLED

Brightness

700nit

System

Linux

Wireless Casting

√

Resolution

4K

HDR

√

Stream Media

√

Waterproof  Level

IP55

Anti-Reflective

√

UV Protection

√

Advanced Cooling System

√

Temperature

-35℃~50℃

Anti-Scratch

√

Smart Applications

√

During the Walmart+ Weekend event, members will enjoy an exclusive $300 discount on the all new Sylvox DECK 55″ series outdoor TV and Sylvox DECK 43″ series outdoor TV . Log in your Walmart+ member account and purchase the deal in the link here, and search Sylvox for more details.

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Gaming, News

PlayStation State of Play – Everything Coming for PS VR and PS VR2

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PlayStation’s State of Play just aired its latest edition earlier this morning. Like always, Sony presented their announcements back to back in spectacular fashion with a supercut of trailers, gameplay footage and announcements. Here’s the rundown of everything they announced for the PS VR2 in their 29-minute stream.

PlayStation’s PS VR2 is getting a whole load of new content. It starts with exclusive VR experiences from titles like Horizon and spans all the way to full games with titles like Resident Evil Village and No Man’s Sky.

Horizon: Call of the Mountain

Developed by Guerilla Games in collaboration with Firesprite, Horizon Call of the Moutain thrusts you into the shoes of Ryas, a former Shadow Carja Warrior looking for redemption. To do this, you will be investigating a new threat to the Sundom. As Ryas, you’re a master climber and archer, skills you’ll need as you take down machines like the massive Thunderjaw! You will come across old and new characters from the main Horizon game, including Aloy herself.

Horizon Call of the Mountain - Announce Trailer | PS VR2

Together with the main game of Horizon Call of the Mountain, you’ll also be able to experience the world of Horizon in the immersive River Ride experience. Take in the sights of the world of Horizon while your friends join you on the PS VR2 and the connected display. But look out as you may encounter some uninvited guests along the way!

The Walking Dead: Saints & Sinners Chapter 2: Retribution

After the success of the first entry of the Walking Dead’s PS VR game, Saints & Sinners is getting a direct sequel with Chapter 2: Retribution. You return as “The Tourist” to New Orleans in the world of the Walking Dead. While there aren’t many details on the story just yet, Skydance is promising a gripping storyline with more weapons and ways to put them zombies down once and for all. The sequel will bring new firearms like the SMG and sawed-off shotgun and even a chainsaw for all your undead needs.

The Walking Dead: Saints and Sinners Ch2 - State of Play June 2022 Announce Trailer | PS VR2 Games

Together with new weapons, you will also be facing all new enemies like the Axeman who was teased at the end of the first chapter’s Aftershocks expansion. While the main baddy is here to ruin your day and keep you on edge, you’ll also be facing even larger hordes of undead as you work to end the Axeman’s schemes and survive.

Resident Evil Village is Coming to PS VR2

While Resident Evil 4 is coming to the PS5, its most recent entry will be getting the VR treatment. Resident Evil Village will be coming to the PS VR2 when it’s released – hopefully later this year.

Resident Evil Village - State of Play June 2022 Teaser Trailer | PS VR2 Games

You’ll be able to immerse yourself in the Village as Capcom will be using everything that PS VR2 has to bring the game to life. The new PS VR2 headset brings 4K HDR displays with eye tracking and can even pair up with PS5’s 3D audio to put you in the thick of it all as you step into Ethan Winter’s shoes. You’ll be able to control everything in a natural way with the PS VR2’s Sense controllers. Feel everything in real time with PS VR2 when it launches.

No Man’s Sky is Coming to PS VR2

When it comes to games that got better with time, No Man’s Sky definitely takes the medal for it. The game which kicked off horrendously is now thriving with everything that was promised and more. The game has also successfully captured the attention of players both old and new with new campaigns with exclusive rewards. Now, it’s getting even better with a whole new experience coming to PS VR2.

No Man's Sky - State of Play June 2022 Announce Trailer | PS VR2 Games

Hello Games is upping the ante when it comes to space exploration with a whole new experience with the PS VR2. They are revamping everything from game menus to starship cockpits to give a more immersive experience to gamers. While this isn’t the game’s first outing on VR, Hello Games is looking to make the new experience even more immersive with the technology in the PS VR2 and its sense controllers.

That’s about it when it comes to announcements made for the PS VR and PS VR2 systems. Of course, there haven’t been any dates given for when these titles will be available but we’re expecting that Sony and the game devs have more to show before they reveal the exact dates. Keep in mind, that while the PS VR2 has been announced and will tentatively launch in 2022, there hasn’t been an official date as of yet. So, we will wait with bated breath for its release.

PR Newswire

CARGOBASE ACHIEVES ISO 27001 CERTIFICATION

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The company is recognized for its commitment towards maintaining best practices for information security management systems

SINGAPORE, June 3, 2022 /PRNewswire/ — CARGOBASE, the global logistics tech platform for enterprise shippers, announced today that it has achieved ISO 27001 certification; a certification that recognizes proven commitment towards maintaining and protecting information security. The certification was issued by TÜV SÜD following an extensive audit process.

CARGOBASE, the global logistics tech platform for enterprise shippers, announced today that it has achieved ISO 27001 certification.
CARGOBASE, the global logistics tech platform for enterprise shippers, announced today that it has achieved ISO 27001 certification.

To achieve the ISO 27001 certification, organizations must demonstrate a systematic and documented approach to protecting and managing sensitive company and customer information, including intellectual property, employee and customer data, financial information and information entrusted to it by third parties.

“Receiving the ISO 27001 certification is a significant accomplishment for Cargobase that demonstrates our commitment to, and prioritization of, security management controls for our customers, partners and team members,” said Gert-Jan Spriensma, Chief Technology Officer at Cargobase. “As more enterprises look to process sensitive and confidential business data with cloud-based services like Cargobase, it’s critical they do so in a way that ensures their data will remain safe. Our customers carry this responsibility every single day, and it’s important that the vendors they select to process their data in the cloud approach that responsibility in the same way”, Spriensma continues.

ISO 27001 is a globally recognized standard mandating numerous controls for the establishment, maintenance, and certification of an Information Security Management System (ISMS). Cargobase received the certification upon its first ISO attempt, showcasing the completeness and rigor of its information security program.

About Cargobase

Cargobase is a Singapore headquartered enterprise software company offering a transport management system for contracted and non-contracted freight. Its solution supports global inbound and outbound logistics flows, including project, production and non-production supply chains. Cargobase’s land and expand approach gives the customers a solution that works in weeks, integrated or as a standalone solution, and delivers immediate ROI. The company was founded in Singapore, in 2013 and has since established offices in The Netherlands, United States and India. Its customer base is primarily large listed companies across industries using Cargobase on a daily basis across 55 countries.