Category Archives: PR Newswire

PR Newswire

Locus Unveils ‘ShipFlex’ To Equip Businesses With Flexible & Intelligent Third-Party Delivery

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ShipFlex brings same-day & next-day delivery to enterprises through a simple integration, helping them optimize third-party delivery from order to doorstep.

SAN FRANCISCO, March 21, 2023 /PRNewswire/ — Locus, a global last-mile logistics technology company, announced the launch of ShipFlex, a third-party delivery platform that provides businesses with the flexibility to fully outsource their deliveries to a wide range of delivery carriers. ShipFlex helps businesses expand their reach and achieve break-neck delivery speeds, enabling them to offer same-day and next-day delivery capabilities in new geographies.

Inefficient carrier selection, capacity management, lack of real-time order visibility, etc., are some barriers that can hamper a business’s ability to make quick deliveries. Locus ShipFlex addresses these complexities by automating entire carrier workflows for the optimal price and delivering end-to-end visibility of order-to-doorstep deliveries across in-house, contracted, and outsourced fleets on a single dashboard. The platform also gives businesses access to Locus’ global carrier partners, such as FedEx, RPX Logistics, Loomis Express, Shadowfax, SPL, etc., helping them with their delivery orchestration in an efficient and cost-effective manner.

“ShipFlex is a result of our years of logistics industry experience and customer feedback. Through the integration with our dispatch management platform, ShipFlex will solve industry pain points by streamlining the entire last-mile fulfillment cycle by reducing costs and improving customer experience. ShipFlex is a game-changer for businesses that need fast, predictable deliveries to stay competitive,” said Nishith Rastogi, Founder and CEO of Locus.

Retail businesses like Lulu Group International are adopting Locus ShipFlex to achieve a competitive edge. Here’s what they have to say:

“As customer demand skyrockets, the complexity of managing our carrier network has proven to be a huge optimization opportunity. With Locus’ ShipFlex, we can streamline third-party deliveries with rich carrier integrations, real-time tracking, and more on a single dashboard. This has enabled us to take full control of our third-party order-to-delivery process, operate more efficiently, and ensure timely deliveries, resulting in an enhanced customer experience,” said Shinhas Majeed, Group General Manager – eCommerce at Lulu Group International.

By deploying ShipFlex, businesses can also:

  • Offer same-day and next-day deliveries in the local area.
  • Maintain a branded experience with third-party carriers through customizable end customer-facing tracking pages while maintaining a consistent visibility and delivery experience through 3PLs.
  • Enhanced post-purchase experience through automated SMS and email alerts to notify dispatch teams and customers of SLA breaches in real-time.

For more information, visit Locus ShipFlex.

About Locus

Locus’ order-to-delivery dispatch management software helps enterprises transform their Last-Mile logistics from cost centers to revenue generators through advanced optimization algorithms and intuitive workflow automation. Backed by GIC Singapore, Tiger Global, Qualcomm Ventures, and Falcon Edge, it has helped many global customers across industries – Unilever, Nestle, Bukalapak, The Tata Group, BlueDart, etc. – execute 850+ million deliveries across 30+ countries. Its technology has helped save $275 million in transit costs and offset 10 million kilograms in CO2 emissions while maintaining a 99.5% SLA adherence ratio.

PR Newswire

Shanghai Jahwa Accelerates Management Change and Upgrades to Lead China’s Cosmetics Industry to A New Era

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SHANGHAI, March 21, 2023 /PRNewswire/ — On March 17, Shanghai Jahwa United Co.,Ltd. (Shanghai Jahwa) held its 2023 Strategic Conference entitled “To Beauty To Youth” to share the company’s development strategy, ESG management and industry trends. Entering its 125th year, Shanghai Jahwa has created several legends in the Chinese cosmetics industry. As the Deputy General Manager, CFO and Board Secretary of the company, Min Han promoted the management change of the company, making Shanghai Jahwa the first beauty company to introduce ESG management model, and led the digital transformation of the company to achieve the integration of industry and finance, empowering business innovation and development.

Green development and harmonious coexistence have become the consensus for more and more international companies. In 2021, Min Han, as the executive of Shanghai Jahwa, promoted the company to introduce the leading ESG management concept in the international capital market and released the “Mid to Long-term Sustainable Development Outline” to accelerate the achievement of carbon peaking and carbon neutrality goals and lead the sustainable development of the company and the consumer industry. ESG requires companies to make more investments in environment, society and governance, such as using biodegradable materials and full-chain recycling along the whole chain, which will inevitably affect the company’s profit in the short to medium term. Min Han led a team to study green and low-carbon, social investment and corporate governance, starting from the company’s long-term development strategic plan. The ESG project received full support from the board of directors in 2021 after nearly two years of repeated demonstration and adequate communication with the board members, and added a medium and long-term performance consideration dimension for the management, so that the implementation of ESG on the ground can be guaranteed. The company takes green environmental protection and carbon neutral as important issues into its daily management, and promoted upstream and downstream enterprises in the industry chain to join the low-carbon ecosystem. Meanwhile, according to the company’s online development and digital transformation needs, issues such as consumer privacy protection and data security are included in the ESG issues, so that the company can enhance data security management awareness while using technology empowering (e.g. AI Face project, CRM database). As of 2022, Shanghai Jahwa has jumped to BBB status in the rating of the internationally renowned indexing company MSCI ESG, and is at the top echelon of the Chinese cosmetics industry.

With the wide application of new technologies such as AI, Blockchain, Cloud and Big Data, it is also imperative for enterprise management to embrace digitalization, which will help enterprises make more efficient and accurate decisions. Min Han mentioned in a previous interview that finance is the first step in corporate reform. As CFO, Min Han advocates accelerating the construction of financial dimensional thinking, business-financial integration and digital management transformation within the company. She proposed that “with value creation as the goal, the digital transformation of finance will be accomplished by means of quantifiable, visualized and optimized data”. Specifically, Shanghai Jahwa takes the opportunity of deep integration of digital technology and financial management to build a digital financial system featuring automated transaction processing, unmanned monthly closing, real-time risk insight, and modeled decision-making. The company has introduced a digital employee “RPA Finance Robot”, which can intelligently review 50% of financial documents and improve human efficiency. In addition, nearly 90% of business documents are intelligently booked and accounting vouchers are generated in 60 seconds, and the issuance of the monthly reports of subsidiaries is significantly shortened from 20 days in 2016 to 5 working days in 2022. The company’s financial system is interconnected with the business system without forming any data silos, and finally the data resources of the whole group are integrated and managed and deeply mined through the data center, creating an informationized and digitalized platform management ecology and enabling the efficient development of the company’s business. In recognition of Min Han’s holistic and forward-looking contributions to the digital transformation of Shanghai Jahwa and his leadership in the reform of management accounting in China, Min Han was awarded the honorary title of “IMA Honorary Management Accounting Leader” certified by IMA.

Within the new context of digital transformation, financial work, as one of the central tasks of enterprise management, is no longer limited to accounting and supervision, but requires business insight, extending its work to the whole business process, understanding the real needs of front-end business, providing business analysis and decision support for business departments, and realizing the integration of business and finance. Take the company’s Herborist brand for an example, the first Chinese herbal skin care brand rooted in the concept of yin-yang balance, which continued to lose market share from 2014-2019. Min Han led the finance team to work with the business unit to examine the brand’s product matrix, new product recruitment rate, repurchase rate, cost analysis of core individual products, brand marketing delivery efficiency, CRM customer retention, POS system single store transaction data, and impact on financial statement revenue and earnings, so that the brand has continued to improve over the past three years and has been awarded $22.5 million in 2021 from a special government program to support its medium to long-term growth.

The reason that Shanghai Jahwa can lead the industry in every stage of its 125 years of development cannot be separated from its advanced, open and inclusive corporate management philosophy and its genetically-rooted Shanghai-style characteristics. ESG management, digital transformation and integration of business and finance outline a beautiful blueprint for Shanghai Jahwa’s development in the medium to long term. Grasping the pulse of the times and integrating the century-old craftsmanship culture, we believe that in the near future, Shanghai Jahwa will bring Chinese beauty to the world.

PR Newswire

Latest Version of the Appian Platform Delivers Complete Process Automation

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Design, automate, and optimize the most complex business processes end to end

MCLEAN, Va., March 21, 2023 /PRNewswire/ — Appian (Nasdaq: APPN) today announced immediate availability of the latest version of the Appian Platform for process automation. The new release features enhancements in total experience, data fabric, automation, and process mining, all underpinned by Appian’s industrial-strength low-code design.

The latest version of the Appian Platform delivers end-to-end process automation. Enhancements in total experience, data fabric, automation, and process mining are all underpinned by Appian’s industrial-strength low-code design. Design, automate, and optimize your most complex business processes.
The latest version of the Appian Platform delivers end-to-end process automation. Enhancements in total experience, data fabric, automation, and process mining are all underpinned by Appian’s industrial-strength low-code design. Design, automate, and optimize your most complex business processes.

“Organizations must go beyond applications that provide automation at the task level and begin implementing process orchestrations that unify humans, systems, and digital workers,” said Michael Beckley, Founder and CTO at Appian. “Appian delivers the end-to-end process control organizations need to design new digital solutions, automate complex processes, and optimize business operations to drive continuous improvement.”

Enhancements to Appian Portals extends total experience benefits across business-to-business and business-to-consumer use cases. In under four weeks, Appian customer AARP built a robust, secure, and engaging Appian Portals experience to support the Fraud Watch Volunteer program providing support to fraud victims among AARP’s 40 million members.

“We needed a way to accept and process applications from volunteers, and we spent more than 18 months looking for a technology that would enable that while meeting our very strict security requirements,” said Fisnik Shpuza, Director of Workflow Automation at AARP. “Appian Portals gave us everything we needed. It’s secure, it’s beautiful and looks like an AARP web page, and it connects all the incoming data directly into our process.”

The new release makes it easier than ever to build beautiful and intuitive web and mobile Portals that engage external users in a seamless total experience with internal employees. New features include:

  • Start Process from Portals: Start any process automation directly from a Portals interface. Appian customers can initiate end-to-end process automations directly in a Portal enabling orchestration of AI services, assigning human tasks or executing robotic process automations.
  • Query Appian’s data fabric from Portals: Streamlined ability to query and display record data from Appian’s data fabric in Portals, without the need for complex integration calls.
  • Portals Header Bar and Pages: Engage Portals users with great experiences. Add a header bar for multi-page navigation to connect with your users in more ways, all with no code.
  • Portals Change Management: Changing and iterating Portals is even easier. With the addition of new proactive actions and recommendations, Appian proactively updates portals and notifies developers when objects change.

The Appian data fabric unifies data across systems without moving the data, dramatically reducing the time and effort needed to build powerful applications. The latest Appian release includes enhancements that make working with the data fabric easier than ever, including:

  • Centralized Record Security: Secure all aspects of your records in one place. Quickly specify who can see which records and record views and what actions they can take.
  • No-Code Security Rules: Specify security rules for Record Views by answering two simple questions: Who can see the data, and when can they see it?
  • Simplification: Appian’s data fabric features drag-and-drop record type configurations, auto-generation of user record type relationships, database updates with codeless data modeling, the ability to combine data across record types, and more.

In today’s economy, IT leaders must continue to deliver value to the business with fewer resources, while driving greater operational efficiency. Business leaders face increasing regulatory compliance burdens, driving a need for end-to-end process control, and they are also experiencing pressure to digitally innovate to remain competitive. The latest version of the Appian Platform helps IT leaders achieve digital agility, while enabling business leaders to easily design, automate, and optimize business operations to drive efficiency and deliver new digital innovations.

About Appian
Appian is a software company that automates business processes. The Appian Platform includes everything you need to design, automate, and optimize even the most complex processes, from start to finish. The world’s most innovative organizations trust Appian to improve their workflows, unify data, and optimize operations—resulting in better growth and superior customer experiences. For more information, visit www.appian.com. [Nasdaq: APPN]

Follow Appian: Twitter, LinkedIn.
Follow Appian UK: Twitter, LinkedIn.

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PR Newswire

KX announces general availability of kdb Insights Enterprise on Microsoft Azure

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NEW YORK and LONDON, March 20, 2023 /PRNewswire/ — Representing a significant milestone for its strategic partnership with Microsoft, KX today announces the general availability of kdb Insights Enterprise on Microsoft Azure, an enterprise-ready, real-time analytics engine with the world’s fastest time-series database (kdb) at its core, running natively on Azure.

It represents the industry-first Data Timehouse, a new class of data and AI management platform designed for temporal data generated by digital transformation. It provides data scientists and application developers with precision access to temporal data on real-time and massive historical datasets with the Azure native tools they use today.

Engineered by KX, kdb Insights Enterprise on Microsoft Azure enables businesses to transform into real-time intelligent enterprises, with preview customers reporting up to 100x the performance at one tenth of the cost of competing solutions. 

KX has developed a go-to-market strategy to target those businesses where the processing and analysis of time series and machine data is a critical business requirement. Customers also benefit from being able to use their Azure Consumption Credits, simplifying adoption, billing and payment.

Also announced today is the first customer win for the new service, with Syneos Health signing a multi-year subscription contract to leverage the power of kdb Insights Enterprise on Microsoft Azure to significantly reduce the time it takes to execute clinical trials and discover new drug treatments. The agreement with Syneos Health will see KX deployed across a variety of use cases – including disease modelling for virtual clinical trials and patient journey mapping – to enable Syneos Health to drive greater value from faster clinical trials, increase the likelihood of successful trials and bring new drugs to market faster.

Ashok Reddy, KX CEO, commented: “The launch of kdb Insights Enterprise on Microsoft Azure as a first party service is a watershed moment for KX. Representing the industry’s first Data Timehouse, it enriches data warehouse and lakehouse technologies and gives customers access to the power and performance of kdb with all the benefits of the Azure platform. It enables companies in all sectors to accelerate their AI and ML analytics workloads, putting data driven decision science at the very heart of their business for enhanced operational and commercial outcomes. We continue to see enormous opportunity for our strategic partnership with Microsoft, helping to underpin our growth expectations.”

Larry Pickett, Chief Information & Digital Officer, Syneos Health said: “Our collaboration with KX and Azure has been instrumental in helping further advance our technology and data capabilities with the goal of accelerating development of new therapies for patients. Together, we are working to use the power of data analytics and AI to unblock data access and compute challenges, to compress both timeframes and costs. We’re thrilled to take our work to the next level and deliver even stronger results for customers with kdb Insights Enterprise on Azure.”

Corey Sanders, Corporate Vice President of Microsoft Cloud for Industry said: “In partnership with KX, we’re excited to launch one of the industry’s first data timehouse on the Azure platform. While in preview, we have already seen impressive results for customers in capital markets, healthcare, manufacturing, and energy. We look forward to working with KX to help businesses achieve transformative growth with kdb Insights Enterprise on Azure.”

About KX

Our mission is to accelerate the speed of data and AI-driven business innovation enabling customers to transform into real-time, intelligent enterprises. Built for the most demanding data environments, our Data Timehouse software is trusted by the world’s top investment banks and hedge funds, and leading companies in the life and health sciences, semiconductor, telecommunications, and manufacturing industries.

At the heart of our technology is the kdb time series database and analytics engine, independently benchmarked as the fastest on the market. It can process and analyze time series and historical data at unmatched speed and scale, empowering developers, data scientists, and data engineers to build high-performance data-driven applications and turbo-charge their favorite analytics tools in the cloud, on-premise, or at the edge.

Ultimately, our technology enables the discovery of richer, actionable insights for faster decision making which drives competitive advantage and transformative growth for our customers.

KX operates from more than 15 offices across North America, Europe and Asia Pacific. For more information visit www.kx.com or contact: pr@kx.com

PR Newswire

CGTN：A look at China’s democracy: What is the essence?

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BEIJING, March 20, 2023 /PRNewswire/ — Carrying his fellow villagers’ hopes and expectations, Long Xianwen of the Miao ethnic group, headed to Beijing from his remote village in central China’s Hunan Province in early March, to discuss social and economic development with Chinese leaders and the nearly 3,000 other deputies to China’s national legislature.

As a deputy to the 14th National People’s Congress (NPC), Long brought his proposal on supporting the development of deep integration of the tea tourism industry in Hunan’s Xiangxi Tujia and Miao Autonomous Prefecture.

What distinguishes Chinese democracy from the West’s largely money politics and power-for-money deals is its essence — that the Chinese people are the masters of the country.

Chinese President Xi Jinping has said that whether a country is democratic depends on whether its people are truly the masters of the country; whether the people have the right to vote, and more importantly, the right to participate extensively.

The composition of deputies to people’s congresses offers insight into why China’s whole-process people’s democracy ensures people’s status as the country’s masters.

Extensive and universal

In China, there are five levels of people’s congresses – township, county, city, provincial and national levels. Till now, 2.77 million people have served as deputies to people’s congresses at all levels nationwide.

Among them, those at county and township levels accounted for 95 percent of the total, who are elected directly by people in their districts. The upper three levels of deputies are elected by their lower-level deputies.

In the latest election, more than 2.6 million new deputies have been elected to people’s congresses in townships and county-level regions, following the conclusion of local elections in last June.

According to statistics, 921 million voters, accounting for 86.49 percent of registered voters, cast their votes in the election of deputies to the county-level people’s congress. Meanwhile, 623 million voters, accounting for 85.63 percent of registered voters, voted in the election of deputies to the township-level people’s congresses.

Since the initiation of reform and opening-up, China has held 12 direct elections to people’s congresses at the township level and 11 direct elections to those at the county level.

Making full use of their close connections with the people, these deputies diligently fulfill their duties by soliciting and submitting people’s suggestions and advice through various forms and channels.

Full representatives of the people

The annual people’s congresses are first held from the grassroots level, up at township, county, city, and provincial levels and then at the highest national level, to take full cognizance of the people’s aspirations and report them to upper levels.

The deputies to the 14th NPC, elected from 35 electoral units across the country, make up a broad cross-section of people, with every region, ethnic group and sector of society having an appropriate number of representatives.

According to the 14th NPC Standing Committee, among the total 2,977 deputies, 442 are from ethnic minorities, representing all of China’s 55 ethnic minority groups.

The lineup includes 790 female deputies, accounting for 26.54 percent of the total, up 1.64 percentage points from the 13th NPC.

A total of 497 deputies are workers and farmers. Their share has grown by nearly one percentage point to 16.69 percent of total deputies.

Technical personnel, altogether 634 in number, make up 21.3 percent of all deputies, with a 0.73-percentage-point increase from the previous NPC.

A total of 969 deputies are the Communist Party of China and government officials, whose share has dropped by 1.38 percentage points to 32.55 percent.

There are also 36 deputies elected from the Hong Kong Special Administrative Region (SAR) and 12 from the Macao SAR. Thirteen deputies representing Taiwan Province also sit on the national legislature. Forty-two deputies represent overseas Chinese who have returned to the motherland.

Representing the people’s will, the NPC deputies have discussed plans for national development and issues affecting people’s lives, and put the people’s expectations at the top of the agenda on state matters. Many of their motions and proposals have been carefully reviewed at the annual NPC session and then included into policy decisions of state organs.

https://news.cgtn.com/news/2023-03-19/A-look-at-China-s-democracy-What-is-the-essence–1iab1tZb25G/index.html

PR Newswire

LG Display’s 65-inch OLED TV Panel Received Carbon Footprint Certification from the Carbon Trust

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SEOUL, South Korea, March 19, 2023 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today that its 65-inch OLED TV panel earned the Product Carbon Footprint Certification from the Carbon Trust. With this achievement, the company’s OLED panel further solidified the company’s leadership in the OLED industry.

LG Display’s 65-inch OLED panel received this recognition from the Carbon Trust by meeting the global standard (PAS 2050) on GHG (Greenhouse Gas) emissions throughout the entire product life cycle. The Carbon Trust is a global climate consultancy driven by its mission to accelerate the move to a decarbonized future, and its Product Carbon Footprint Certification is one of the most internationally recognized environmental certifications.

LG Display’s self-emissive OLED TV panel requires no backlight, which allows the panel to significantly reduce the use of plastic materials by up to 90% compared to LCD panels and to improve recycling rate to 92.7% by raising the use of iron and metal materials. The company’s OLED TV panel previously received Eco Product Certification from SGS, a Swiss-based global leader in inspection, for excelling in terms of environmental friendliness in four categories: Recycling, Hazardous Substances, Resource Efficiency and Energy Efficiency.

The company further improved its OLED TV panel’s energy efficiency this year by 22% compared to previous panels through its newly-unveiled META Technology, which combines a ‘Micro Lens Array (MLA)’ technology that maximizes light emissions with ‘META Booster,’ the company’s exclusive brightness-enhancing algorithm. LG Display’s OLED TV panel is also widely recognized for emitting the lowest blue light in the industry while providing users with the best flicker-free viewing experience.

Meanwhile, LG Display has introduced its ‘Life Cycle Assessment (LCA)’ system in 2021 to comprehensively evaluate every environmental impact created during a product’s life cycle. Through this new initiative, the company successfully reduced its total use of materials and parts and minimized greenhouse gases and power consumption during manufacturing, while developing products with lower power consumption and reducing waste during the disposal stage.

“We aim to enhance the eco-friendliness and competitiveness of our OLED TV panels by incorporating environmentally sustainable technologies into LG Display’s unmatched technological expertise” said Kwon-shik Park, Vice President of Foundation Technology Laboratory at LG Display.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:

Joo Yeon Jennnifer Ha, Manager, Global PR Team
Email: hjy05@lgdisplay.com

Jean Lee, Team Leader, Global PR Team
Email: jean.lee@lgdisplay.com

PR Newswire

PINTEC Announces US$4 million Private Placement of Class A Ordinary Shares

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BEIJING, March 18, 2023 /PRNewswire/ — Pintec Technology Holdings Limited (Nasdaq: PT) (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced that it has entered into share purchase agreements with certain investors on March 16, 2023. Under the share purchase agreements, the Company agrees to sell and issue an aggregate of 254,450,000 Class A ordinary shares of the Company for a total purchase price of US$4,000,000. The per share purchase price is approximately US$0.0157, which is calculated as 92% of the average closing sale price of the Company’s American depositary shares (“ADSs”) during the five trading days immediately prior to March 16, 2023. Each ADS currently represents 35 of the Company’s Class A ordinary shares.

Mr. Zexiong Huang, Chief Executive Officer, acting Chief Financial Officer and director of PINTEC, commented, “The financing proceeds will support our continued investment in the development of digitization technology for micro, small and medium enterprises (“MSMEs”), and enable us in building a better and larger MSME credit team. We are pleased that investors have confidence in our strategic initiatives and expansion plans. Looking forward, we will continue to execute our strategic plans and strive to create long-term value for our investors.” 

The closings of the transactions are subject to the satisfaction of customary closing conditions and are expected to take place in March 2023. The investors have each agreed not to sell, transfer or dispose of any securities acquired in the transactions for 180 days after their respective closing dates.

The foregoing description of the private placement and the share purchase agreement does not purport to be complete and is qualified in its entirety by the full text of the form of share purchase agreement attached as an exhibit to a Current Report on Form 6-K to be filed with the U.S. Securities and Exchange Commission.

The sale and issuance of the Class A ordinary shares are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Section 4(a)(2) of the Securities Act regarding transactions not involving a public offering and is made in reliance on, and in compliance with, Regulation D and/or Regulation S under the Securities Act, as applicable.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Among other things, the quotations from management in this announcement, as well as PINTEC’s strategic and operational plans, contain forward-looking statements. PINTEC may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, the Company’s limited operating history, regulatory uncertainties relating to the markets and industries where the Company operates, and the need to further diversify its financial partners, the Company’s reliance on a limited number of business partners, the impact of current or future PRC laws or regulations on wealth management financial products, and the Company’s ability to meet the standards necessary to maintain the listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About PINTEC

PINTEC is a leading independent technology platform enabling financial services in China. By connecting business and financial partners on its open platform, PINTEC enables them to provide financial services to end users efficiently and effectively. The Company offers its partners a full suite of customized solutions, ranging from digital retail lending, digital business lending, robotic process automation, to wealth management and insurance products. Leveraging its scalable and reliable technology infrastructure, PINTEC serves a wide range of industry verticals covering online travel, e-commerce, telecommunications, online education, SaaS platforms, financial technology, internet search, and online classifieds and listings, as well as various types of financial partners including banks, brokers, insurance companies, investment funds and trusts, consumer finance companies and other similar institutions.

PR Newswire

ICZOOM Group Inc. Announces Closing of US$6 Million Initial Public Offering

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SHENZHEN, China, March 18, 2023 /PRNewswire/ — ICZOOM Group Inc. (Nasdaq: IZM) (the “Company” or “ICZOOM”), a B2B e-commerce trading platform primarily engaged in sales of electronic component products in Hong Kong and mainland China, today announced the closing of its initial public offering (the “Offering”) of 1,500,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share. The Class A ordinary shares began trading on the Nasdaq Capital Market on March 15, 2023 under the ticker symbol “IZM.”

The Company received aggregate gross proceeds of US$6 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 225,000 Class A ordinary shares at the public offering price after the effective date of the registration statement, less underwriting discounts.

Proceeds from the Offering will be used for sales and marketing, research and development, logistics and warehousing capabilities, and working capital.

The Offering was conducted on a firm commitment basis. The Benchmark Company, LLC acted as the sole bookrunning manager for the Offering. FT Global Capital, Inc. acted as the financial adviser in connection with this Offering.

Robinson & Cole LLP acted as the U.S. securities counsel to the Company, and ArentFox Schiff LLP acted as the U.S. counsel to The Benchmark Company, LLC in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (“SEC”) (File Number: 333-259012) and was declared effective by the SEC on March 14, 2023. The Offering was made only by means of a prospectus. Copies of the prospectus relating to the Offering may be obtained from The Benchmark Company, LLC, 150 East 58th Street, 17th floor, New York, NY 10155, by email at prospectus@benchmarkcompany.com, or by calling +1 (212)-312-6700. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About ICZOOM Group Inc.

ICZOOM Group Inc. is primarily engaged in sales of electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce trading platform. These products are primarily used by China based small and medium-sized enterprises (“SMEs”) in the consumer electronic industry, Internet of Things (“IoT”), automotive electronics and industry control segments. By utilizing latest technologies, the Company’s platform collects, optimizes and presents product offering information from suppliers of all sizes, all transparent and available to its SME customers to compare and select. In addition to the sales of electronic component products, the Company also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance. For more information, please visit the Company’s website: http://ir.iczoomex.com/index.html.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “we believe,” “we intend,” “may,” “should,” “will,” “could” and similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

ICZOOM Group Inc.
Investor Relations Department
Phone: +86-(755) 88603072
Email: investors@iczoom.com 

Ascent Investors Relations LLC
Tina Xiao
Phone: +1 917 609-0333
Email: tina.xiao@ascent-ir.com 

Source: ICZOOM Group Inc.

PR Newswire

UL Solutions Partners with CDP to Release New Disclosure API

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CDP’s new API will enable a streamlined disclosure experience for companies working with UL Solutions.

NORTHBROOK, Ill., March 18, 2023 /PRNewswire/ — UL Solutions, a global leader in applied safety science, today announced that it partnered with CDP Worldwide (CDP), a nonprofit organization, to develop its new disclosure application programming interface (API). This API will help CDP in their work, assisting companies, cities, states and regions in disclosing their environmental data.

UL Solutions partnered with CDP to develop its new disclosure application programming interface (API). This API will help CDP in their work, assisting companies, cities, states and regions in disclosing their environmental data.
UL Solutions partnered with CDP to develop its new disclosure application programming interface (API). This API will help CDP in their work, assisting companies, cities, states and regions in disclosing their environmental data.

In 2023, CDP will pilot this new API, offering a selection of its software partners improved integration with CDP’s disclosure platform. The API will be available to participating accredited solutions providers (ASP) and their customers for the 2023 disclosure cycle, focusing on the corporate climate change questionnaire in this inaugural year. This improved API will further support CDP in achieving its goal of enabling companies, cities, states and regions to enhance their environmental transparency and action.

Organizations working with participating CDP ASPs in 2023 will also notice an improved experience. UL Solutions will be one of the partners offering the API to its customers this year — building on the UL360 Sustainability Essentials Software’s capabilities from collection to delivery of environmental, social and governance (ESG) data.

CDP’s software ASPs support organizations with collecting and preparing their environmental data and reporting it to CDP. Gold ASPs can offer global support, whereas silver ASP partners are accredited in specific countries. The disclosure API will allow participating ASPs, including gold software provider UL Solutions, and the disclosing organizations they work with to automatically retrieve their customers’ questionnaires from CDP and transfer data from the provider’s own platform into CDP’s online response system. This data transfer helps provide an enhanced and streamlined disclosure experience, reducing the need for manual data entry. It also allows CDP ASPs to leverage their platforms’ existing capabilities to support organizations’ CDP disclosure processes.

“With the increased demand for environmental data, CDP’s disclosure API enables CDP-accredited solutions providers to offer a more seamless disclosure experience. UL Solutions will also be one of the partners using the API to enable customers to seamlessly integrate data collected and calculated within UL 360 Sustainability Software into their CDP responses,” said Clayton Sanderson, senior operations manager at UL Solutions.

“We are grateful for UL Solutions’ dedication to working with us on this important development,” said Paul Robins, global head of programs at CDP Worldwide. “As well as partnering with us to build the disclosure API, they will be one of the accredited solutions providers using it with their customers this year.”

About UL Solutions
A global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 100 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Certification Marks serve as a recognized symbol of trust in our customers’ products and reflect an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.

Press contact:
Steven Brewster
UL Solutions
ULNews@UL.com 
T: +1 (847) 664.8425

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PR Newswire

Recon Technology Announces Closing of $8 million Registered Direct Offering

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BEIJING, March 18, 2023 /PRNewswire/ — Recon Technology, Ltd. (NASDAQ: RCON) (“Recon” or the “Company”) announced today the closing of its previously announced registered direct offering with certain accredited investors to purchase approximately $8 million worth of its Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) in a registered direct offering, and Class A ordinary shares warrants in a concurrent private placement, for proceeds of approximately $8 million. In addition, ordinary share purchase warrants to purchase an aggregate of 7,950,769 ordinary shares previously issued by the Company to certain institutional investors on June 16, 2021 had the exercise price reduced to $0.80 in connection with this offering.

After deducting the placement agent’s commission and other offering expenses payable by the Company, the net proceeds to the Company were approximately $7.1 million. The Company intends to use the net proceeds for general corporate purposes, including for the Company’s research and development needs for current and future products, expansion of marketing efforts, and possible acquisitions of complementary assets or businesses.

Maxim Group LLC (“Maxim”) acted as the sole placement agent in connection with this offering.

The securities described above were offered by the Company pursuant to a shelf registration statement on Form F-3 filed with the Securities and Exchange Commission (SEC) dated December 2, 2022, and declared effective on January 5, 2023. A prospectus supplement related to the offering were filed with the SEC on March 17, 2023 and is available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplements relating to the offering may be obtained, when available, by contacting: Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, by telephone: at (212) 895-3500.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Recon Technology, Ltd.

Recon Technology, Ltd (NASDAQ: Recon) is China’s first listed non-state owned oil and gas field service company on NASDAQ. 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, Recon has taken leading positions on several segmented markets of the oil and gas filed service industry. Recon also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: www.recon.cn.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, whether we will sign any additional contracts with the North China Branch, the final revenue from providing services to the North China Branch, actual results of our solutions in the field, levels of spending in our industry as well as consumer confidence generally; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

For more information, please contact:
Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5188
Email: info@recon.cn