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PR Newswire

New Veritas Research Reveals Nearly Half of Organizations Underestimate Their Level of Risk

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Top risks include data security, economic uncertainty and emerging technologies such as AI

SINGAPORE, Oct. 18, 2023 /PRNewswire/ — Veritas Technologies, the leader in secure multi-cloud data management, today released findings of new research that shows 45% of organizations may be miscalculating the severity of threats to their business. The study, Data Risk Management: The State of the Market—Cyber to Compliance, which polled 1,600 executives and IT practitioners across 13 global markets, provides insights into the most pressing risks, their impacts and how organizations plan to navigate them.

Despite risk factors like interest rates and inflation pressing hard on organizations, ransomware and multi-cloud complexity are also growing concerns for businesses of all kinds. However, when survey respondents were initially asked whether their organizations were currently at risk, almost half (48%) said no. But after being presented with a list of individual risk factors, respondents of all levels recognized the challenges facing their organizations, with 97% then identifying a risk to their organizations.

Notably, 15% of those surveyed did not believe their organizations could survive another 12 months given the risks they currently face. There was a disconnect, however, between the C-suite and those working in the trenches of protecting their organizations’ data, which could point to a communications issue: 23% of senior executives predicted the demise of their organizations in the next year, compared to just 6% of analysts and technicians.

Matt Waxman, senior vice president and general manager for data protection at Veritas, said: “The first step in addressing a problem is recognizing it’s there. When the risks are laid out in black and white, it’s hard to ignore the reality of today’s complex business operating environment. The risks are everywhere and require constant vigilance. While an overwhelming majority of respondents ultimately acknowledged the presence of risks and most said they’re taking steps to address them, the data suggests it may not be enough.”

Clear and present danger

Given the macro landscape and daily news headlines, the survey responses are a clear reflection of the times. Participants identified data security (46%), economic uncertainty (38%) and emerging technologies, such as artificial intelligence (AI), (36%) as the top threats faced by their organizations today from among an extensive list of possible hazards. Traditional threats like competition and a shortage of talent took fourth and fifth place. Geopolitical instability fell even further down the list to seventh place.

AI is proving to be a double-edged sword for organizations. There have been numerous reports over recent months of bad actors adopting AI solutions to create more sophisticated and compelling ransomware attacks on organizations. It has additionally been recognized as a risk factor for businesses who fail to put proper guardrails in place to stop employees from breaching data privacy regulations through the inappropriate use of generative AI tools. Conversely, AI is also tipped to be one of the best solutions for businesses to fight back against hackers since its capabilities can be harnessed to automate the detection of, and response to, malicious activities.

Additionally, 87% of those surveyed admitted they had experienced a negative impact from risks, including reputational and financial harm. When asked which risks had resulted in actual damage to their organizations, data security was again highest, with 40% of respondents attesting to related damages. Economic uncertainty was the second most common risk to have affected organizations, with 36% having been hurt. Damages from competition came in third at 35% and emerging technologies, such as AI, at 33%.

The effects of data security breaches were underscored by the number of organizations who had been hit by ransomware attacks. A sizable majority (65%) said that over the past two years their organizations had been the victims of at least one successful ransomware attack in which hackers were able to infiltrate their systems. Twenty-six percent of those who experienced a successful attack said they did not report it. Breaches that caused a failure to comply with regulatory requirements cost respondents’ organizations, on average, more than US$336,000 in regulatory compliance fines during the last year.

Caught in the crosshairs 

For many respondents, the level of risk is rising. More (54%) were likely to say risks to data security have increased rather than decreased (21%) over the last 12 months. Yet they may not fully appreciate their own vulnerabilities. This perception gap emerges in light of how organizations representing specific sectors assessed their risk versus how their responses were scored via a risk rating scale.

Researchers assigned each respondent a “risk ranking” score based on their answers and what these revealed about their adherence to security best practices. While the public sector ranked as the most at-risk group, just 48% of those respondents rated themselves as being at risk. Similarly, only 52% of respondents from the energy, oil/gas and utilities sector viewed themselves at risk.

Most at-risk sectors

Most at-risk countries/regions

1

Public sector

1

UK

2

Energy, oil/gas and utilities

2

France

3

Media, leisure and entertainment

3

China

4

Construction and property

4

Singapore

5

Manufacturing and production

5

Japan

6

IT, technology and telecom

6

US

7

Business and professional services

7

Australia

8

Financial services

8

Nordics

9

Healthcare

9

DACH

10

Biopharma

10

India

Shoring up their defenses, but are they doing enough?

For organizations aiming to mitigate data security risks, many have increased their data protection budgets as much 30% over the last 12 months. The average data protection and security team size also grew by 21-22 staff members. Eighty-nine percent said staffing levels are now at an adequate level for keeping their organizations secure.

Along with staffing additions, organizations are exploring other ways to fortify their defenses. Despite ranking AI and emerging technologies as a top risk, 68% are looking at AI and machine learning to boost security. Given AI’s dual nature as a force for both good and bad, the question going forward will be whether their organizations’ AI protection can evolve ahead of hackers’ AI attacks.

The research also appears to expose another chink in the armor with more than a third (38%) reporting that they have no data recovery plan in place or have only a partial plan. That presents cause for concern considering nearly half (48%) experienced data loss at least once in the past two years.

Waxman continued: “The caution is for organizations to avoid approaching their data security strategy with a false sense of confidence. The recent spate of high-profile data breaches has proven no organization is immune. If data is like gold dust, guard your treasure. Be prepared with a comprehensive cyber resiliency plan for protecting and recovering your data from edge to core to cloud. Rehearse the plan regularly and recalibrate as needed. Being forewarned is forearmed and by strengthening your data security posture, you can successfully navigate the risks.”

For more survey findings, download the report: Data Risk Management: The State of the Market—Cyber to Compliance.

Research methodology

Veritas commissioned Vanson Bourne to survey 1,600 respondents in August and September 2023 across Australia, Brazil, China, the DACH region, France, India, Japan, the Nordics, Singapore, South Korea, the United Arab Emirates, the United Kingdom and the United States. Respondents held executive or practitioner level positions in organizations of at least 1,000 employees from any sector.

About Veritas

Veritas Technologies is the leader in secure multi-cloud data management. Over 80,000 customers—including 91% of the Fortune 100—rely on Veritas to help ensure the protection, recoverability and compliance of their data. Veritas has a reputation for reliability at scale, which delivers the resilience its customers need against the disruptions threatened by cyberattacks, like ransomware. No other vendor is able to match Veritas’ ability to execute, with support for 800+ data sources, 100+ operating systems and 1,400+ storage targets through a single, unified approach. Powered by Cloud Scale Technology, Veritas is delivering today on its strategy for Autonomous Data Management that reduces operational overhead while delivering greater value. Learn more at veritas.com. Follow us on X at @veritastechllc. 

Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the US and other countries. Other names may be trademarks of their respective owners.

PR Newswire

Open Compute Project Tackles Data Center Hardware and Firmware Security

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Launches New Community Led Security Program Improving IT Device Security Posture

SAN JOSE, Calif., Oct. 18, 2023 /PRNewswire/ — Today, the Open Compute Project Foundation (OCP), the nonprofit organization bringing hyperscale innovations to all, announced a new program, OCP Security Appraisal Framework and Enablement (S.A.F.E.) designed to improve the trustworthiness of devices across all data center IT infrastructure. The OCP S.A.F.E. program is expected to reduce cost overhead and redundancy of device security audits with an OCP Community developed per device security checklist, and advance the security posture of device hardware and firmware components across the supply chain.

The S.A.F.E. program adds a new dimension to the services offered by the OCP Foundation. It all starts with the OCP Community developing a standardized device specific audit checklist and criteria for selecting 3rd party device security review auditors. Both the device audit checklist and auditor selection criteria will be open sourced and available to all. Device auditors will do a self-assessment and those that qualify will be designated as OCP Security Review Providers (SRP). Device vendors will commission an OCP recognized SRP to conduct a device specific security review based on the appropriate OCP Community provided checklist.

“The OCP S.A.F.E. Program is designed to be a catalyst for upleveling the effort on security across the OCP Community and the industry. The OCP S.A.F.E. program is an OCP Community led effort to bring standardizations to device firmware security validation to help data center operators maintain a consistent security posture with reduced costs through removing duplication of efforts which can be replicated by other market segments. Security is the underlying foundation which makes OCP core tenets of efficiency, openness, scale, impact and sustainability possible,” said Steve Helvie, VP Emerging Markets at the Open Compute Project Foundation.

“Creating a standardized approach for provenance, code quality and software supply chain for firmware releases and firmware patches that run on data center IT devices benefits the broader community; from democratizing the review process to streamlining efforts. Google is pleased to be a founding member of the OCP S.A.F.E. program and together, with the community, we will accomplish our mutual goal of increased security assurance for the industry,” said Phil Venables, CISO, Google Cloud.

Independent third-party audits present significant challenges. These results are often available only to a certain set of customers, limiting their market impact. Also, these reviews are often commissioned by device consumers at the time of purchase, with device reviews are only performed once and subsequent security issues introduced by firmware upgrades and patches go undetected. The OCP driving a standardized approach, across all data center operators, will effectively and efficiently address these issues.

“We have partnered with OCP to create SAFE, a framework that promotes systematic security evaluations across the hardware ecosystem. This initiative provides enhanced levels of quality and security assurance to all hardware consumers,” said Mark Russinovich, Azure CTO.

The OCP S.A.F.E. Program is designed to reduce cost overhead and redundancy of device security audits, (1) provide security conformance assurance to device consumers (2) increase the number of devices whose firmware and associated updates are reviewed on a continuous basis, rather than only once when the device is 1st manufactured. (3) advance the security posture of device hardware and firmware components, through iterative refinement of review areas, testing scopes and reporting requirements.

The program has received strong support from both 3rd party auditors, device and silicon vendors. Currently Atredis Partners, IO Active, and NCC Group are enrolled as OCP Security Review Providers, with participating device vendors AMD and SK Hynix, and silicon vendor Intel.

“The OCP S.A.F.E. program with the increased level of security assurance it can provide should bring a new level of confidence to the market for data center IT device consumers and ultimately end users of cloud provider provided services. The efficiencies it drives at the same time as improving security is refreshing for the industry. This is just one example of how open collaboration within a community such as the OCP can benefit everyone,” said Ashish Nadkarni, Group Vice President and General Manager, Worldwide Infrastructure at IDC.

About the Open Compute Project Foundation
The Open Compute Project (OCP) is a collaborative Community of hyperscale data center operators, telecom, colocation providers and enterprise IT users, working with the product and solution vendor ecosystem to develop open innovations deployable from the cloud to the edge. The OCP Foundation is responsible for fostering and serving the OCP Community to meet the market and shape the future, taking hyperscale-led innovations to everyone. Meeting the market is accomplished through addressing challenging market obstacles with open specifications, designs and emerging market programs that showcase OCP-recognized IT equipment and data center facility best practices. Shaping the future includes investing in strategic initiatives and programs that prepare the IT ecosystem for major technology changes, such as AI & ML, optics, advanced cooling techniques, composable memory and silicon. OCP Community-developed open innovations strive to benefit all, optimized through the lens of impact, efficiency, scale and sustainability. Learn more at www.opencompute.org.

Media Contact

Dirk Van Slyke
Open Compute Project Foundation
Vice President, Chief Marketing Officer
dirkv@opencompute.org
Mobile: +1 303-999-7398
(Central Time Zone/CST/Houston, TX)

PR Newswire

OutSystems Spotlights its Vision for Generative AI and Customer Success at Singapore’s NextStep Exec

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OutSystems’ first executive-only low-code conference in Singapore connects customers and IT leaders to discuss the future of application development

SINGAPORE, Oct. 17, 2023 /PRNewswire/ — OutSystems, a global leader in high-performance low-code application development, last week held its NextStep Exec in Singapore, which was attended by customers across different industries in Asia-Pacific (APAC). The event included an exclusive look at new developments with the OutSystems platform. It also connected customers and industry leaders to foster collaboration and exchange of insights, including customer use cases, applications, and business cases that drive innovation and return on interest (ROI) through high-performance low-code.

Paulo Rosado, Founder and CEO of OutSystems, delivering the welcome address at NextStep Exec 2023, Singapore.
Paulo Rosado, Founder and CEO of OutSystems, delivering the welcome address at NextStep Exec 2023, Singapore.

The conference showcased a preview of what’s new and next with the OutSystems Platform including:

  • Project Morpheus updates: OutSystems’ newest AI roadmap has been updated to provide a comprehensive data fabric that enables customers to seamlessly access and integrate data from any source, regardless of location or format. This will help customers to build more intelligent and data-driven applications.
  • OutSystems Developer Cloud: New capabilities in observability and monitoring have been unveiled on the OutSystems cloud-native development platform. This will give customers greater visibility into their applications and help them to identify and resolve issues quickly.

OutSystems further shared key company milestones since its founding in 2001, highlighting efforts since 2018 to leverage AI for expert-level assistance across critical areas of the software development lifecycle. OutSystems also emphasized its commitment to build new systems of the future with extreme composability and agility at their core, empowering enterprises to innovate and effectively adapt to rapidly digitalising environments.

“In our decade-long presence in Singapore, we have witnessed robust market expansion and widespread adoption of low-code technology across APAC. The successes of our customers are what drives us to continue innovating and investing in our solutions,” said Paulo Rosado, Founder and CEO of OutSystems. “With AI remaining at the forefront of technology innovation, we are committed to leading the way in AI-driven application development and delivering remarkable improvements in code quality and overall development efficiency. We’ll continue to provide enterprise-grade capabilities for customers to achieve their business goals and create world-class mobile and web apps that drive customer satisfaction.”

At the conference, OutSystems customers such as Roche, City Development Limited, Dynamik Technologies, and Resolution Life Australia highlighted some of the most pressing issues for IT leaders today and how low-code empowered them to modernise legacy systems, build and manage their talent pool, and drive incremental productivity and operational efficiency.

NextStep Exec 2023 Singapore was a resounding success, showcasing the latest innovations from OutSystems and the power of high-performance low-code to help businesses innovate and achieve their business goals. OutSystems is committed to supporting its customers in their digital transformation journeys and helping them to create world-class applications that drive customer satisfaction.

About OutSystems
OutSystems was founded in 2001 with the mission to give every organization the power to innovate through software. The OutSystems high-performance low-code platform gives technology leaders and developers the tools to rapidly build and deploy their own business-critical applications. The company’s network spans nearly 700,000 community members, 400+ partners, and active customers in 87 countries across 22 industries. OutSystems is “The Low-Code Platform®” and a recognized leader by analysts, IT executives, business leaders, and developers around the world. Some of the most well-known brands use OutSystems to turn their big ideas into software that moves their business, people, and the world forward. Learn more at www.outsystems.com.

PR Newswire

Deltek Celebrates the 16th Annual MVP Award Winners at Deltek ProjectCon 2023

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ORLANDO, Fla., Oct. 17, 2023 /PRNewswire/ — Deltek, the leading global provider of software and solutions for project-based businesses, today announced the winners of its annual Most Valuable Project (MVP) Awards at Deltek ProjectCon 2023, the company’s yearly user conference. With the MVP Awards, Deltek honors the most innovative among its worldwide customers and partners across nine categories:

The Marketing Agency Award recognizes an advertising or digital marketing agency using Deltek solutions to power their creative business. This year’s winner, George P. Johnson, a Project Worldwide Agency, is the world’s leading experiential marketing agency. The agency successfully implemented Deltek WorkBook in the UK, Germany, and Dubai to achieve global expansion and collaboration among its offices. With the help of Deltek and implementation partner Tangram, the agency overcame complex government tax and multi-currency reporting challenges, and increased visibility into resource management, utilization rates and job lifecycle workflows for the 1,400 employees who use WorkBook daily.   

The Consulting Award recognizes a firm that is using Deltek as a key technology to deliver successful engagements to their clients. This year’s winner, Boulay, is an accounting, audit, tax and financial consulting firm headquartered in Minneapolis. Boulay decided to upgrade its Deltek Maconomy ERP system to Maconomy in the Cloud to align with its business goals of growth, productivity and security in a cloud environment.  After the migration, Boulay saw a 50% reduction in the time needed to upgrade to Maconomy in the Cloud, expediting its timeline, streamlining user communication and allowing the company to add additional contractors to support growth.    

The Construction Award recognizes a firm in the construction industry that is utilizing Deltek to successfully execute projects. This year’s winner, Pyro-Comm Systems, Inc., a premier fire alarm and life safety contractor, has used Deltek ComputerEase as its financial backbone for over ten years.  Pyro-Comm successfully increased control of project financial performance, including consolidating two ComputerEase systems into one by leveraging Deltek’s payroll services in just two weeks. Through customized reporting and application utilization, Pyro-Comm can now provide executive management insight and confidence across its financial reporting. 

The Professional Services Award recognizes a firm doing innovative work and succeeding with the help of Deltek solutions. This year’s winner, Englobe is a mid-market engineering and environmental services firm, with more than 3,000 employees and a well-established network of offices and facilities across Canada. Englobe uses Deltek Vantagepoint as the foundation of its daily operations across 23,000 projects annually, relying on it to help streamline financials, optimize project management, and deliver high-quality solutions to its clients. Leveraging Deltek Vantagepoint has led to improved resource utilization, efficient project management and an overall increase in profitability for Englobe.   

The Partner Award recognizes a Deltek partner and customer that together have completed an exceptional implementation of a Deltek solution. This year’s winners, Deltek Premier Partner Rhodium Digital and customer Wade Consulting, are both based in Alberta, Canada. With recent rapid growth, Wade needed a powerful and integrated ERP system to manage their entire product lifecycle and gain deeper insights into individual project health. With Rhodium Digital’s expertise as a Deltek Vantagepoint partner, Wade Consulting was able to move off QuickBooks® and time-consuming manual spreadsheet processes and go live in just two months, laying the foundation for double-digit growth for years to come. 

The Small to Midsize Business Award recognizes a growing business doing innovative work and succeeding with the help of Deltek solutions. This year’s winner, Connexus Corporation, is a women-owned, Virginia-based global consulting firm that designs sustainable strategies to link developing economies with global markets that enhance the lives of the poor. Connexus implemented Deltek Costpoint to handle the complex needs of managing international development projects while maintaining its prime contractor status on the Feed the Future Senegal Nafoore Warsaaji Activity, funded through the Feed the Future initiative coordinated by the United States Agency for International Development (USAID). With Costpoint, Connexus was able to streamline project management, accounting, and reporting processes, and ensure compliance with USAID regulations. Connexus also gained real-time visibility into project performance and financial status, enabling it to make informed decisions and optimize their resources. 

The Enterprise Award recognizes a large business that leverages Deltek solutions to achieve its global mission. This year’s winner, Fluor’s Mission Solutions Business Group, the government contracting division of the FORTUNE 500 company, provides nuclear engineering and facility operation services, construction management, rapid response logistics, global military base operations and maintenance, as well as humanitarian and disaster relief support.  Mission Solutions moved its entire ERP system from SAP, and now leverages several of Deltek’s industry-specific solutions, including Deltek Costpoint, Talent Management, Cobra, Acumen and GovWin IQ to power its project lifecycle. Mission Solutions migrated 1,900 employees to Deltek Costpoint in just ten months, saving six million dollars in operational expenses while remaining fully compliant with government regulations.

The Architecture and Engineering (A&E) Award recognizes an A&E firm that is utilizing Deltek to successfully execute projects. This year’s winner, DeSimone Consulting Engineering, provides high-quality structural engineering, façade consulting, construction consulting, forensics services (litigation support), integrated design, detailing services, and protective design for all types of buildings. The high-growth, 600-employee firm upgraded from Deltek Vision to Vantagepoint in 2023 while consolidating disparate financial systems and integrating client relationship management, corporate risk, and project data following multiple acquisitions. With Vantagepoint, DeSimone grew its revenue by 33%, increased invoice efficiency, and saved hundreds of thousands of dollars in overhead costs by streamlining platforms to one integrated ERP system.  

The Government Contracting Award recognizes a firm that is using Deltek to successfully execute business with federal, state or local governments. This year’s winner, UIC Government Services and The Bowhead Family of Companies, provides various services for defense and civilian government agencies. UIC Government Services leverages Deltek Costpoint, GovWin IQ, PPM Solutions, and TIPQA to run a complex accounting and corporate structure for over 36 subsidiaries and more than 3,000 employees. UIC Government Services’ decade-long history with Deltek’s government-compliant solutions has decreased its operating support costs year over year, with more than 35% of invoices now processed by software, while also increasing project efficiencies.  

“I am thrilled to celebrate the winners of this year’s MVP Awards and all the great work done by each business. We are honored that they have each chosen Deltek’s industry-leading solutions as a key part of their path toward success,” said Brian Daniell, Deltek’s Chief Customer Officer. “This year we received nominations from all over the globe, from companies of all sizes, and with a huge range of business goals they were able to achieve over the past year. On behalf of everyone at Deltek, we’re delighted to congratulate this outstanding group of winners!”

Learn how Deltek customers are powering project success.

About Deltek

Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue. Learn more at www.deltek.com.

Deltek Contact
Deltek Media Relations Team
press@Deltek.com

PR Newswire

ATIF Formally Signs $2.4 million Advisory Agreement with Rawrr, Inc.

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IRVINE, Calif., Oct. 16, 2023 /PRNewswire/ — ATIF Holdings Limited (NASDAQ: ATIF, hereinafter referred to as the “Company” or “ATIF”) announces that its subsidiary, ATIF Business Management LLC, has entered into a definitive agreement with Rawrr, Inc. (hereinafter referred to as the “Rawrr”) to provide corporate advisory services.

Under the terms of the agreement, the Company will provide corporate advisory services to Rawrr and help engage third parties to perform audit, valuation, investor relations and other services.

Jun Liu, President, Chairman of the Board and CEO of ATIF, said, “We are pleased to announce our partnership with Rawrr. I look forward to seeing the growth of Rawrr and its ambitious expansion plans as a public company in this rapidly growing industry.”

With this cooperation, ATIF will provide comprehensive guidance and escort for enterprises in the capital path according to their development needs, and help Rawrr to list on the NASDAQ capital market as soon as possible!

About ATIF

ATIF Holdings Limited (NASDAQ: ATIF) is a Lake Forest-based business consulting company that specializes in providing professional IPO, M&A advisory and post-IPO compliance services to small and medium-sized companies seeking to go public on a stock exchange in the United States. The company has a proven track record in successfully delivering comprehensive U.S. IPO consulting services to clients primarily in the United States but also internationally. The mission of ATIF is to provide one-stop, comprehensive consulting services that guide clients through the complex and often challenging process of going public. ATIF recognizes the complexity and challenges associated with the process of going public, and endeavors to simplify it while ensuring optimal outcomes for its clients through its comprehensive consulting services. ATIF has been awarded the “Golden Bauhinia Award”, the highest award in the financial and securities industry in Hong Kong, for “Top 10 Best Listed Companies”.

Forward-Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of the “safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, “estimated,” “projected,” Words such as “expect”, “anticipate”, “predict”, “plan”, “intend”, “believe”, “seek”, “may”, “will”, “should”, “future”, “propose” and variations of these words or similar expressions (or the opposite of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements do not guarantee future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control and may cause actual results or achievements to differ materially from those discussed in the forward-looking statements. Important factors include future financial and operating results, including revenues, income, expenses, cash balances and other financial items; Ability to manage growth and expansion; Current and future economic and political conditions; The ability to compete in industries with low barriers to entry; The ability to obtain additional financing to fund capital expenditure in the future. Ability to attract new customers and further enhance brand awareness; Ability to hire and retain qualified management and key staff; Trends and competition in the financial advisory services industry; Pandemic or epidemic disease; Except as required by law, the Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, the Company cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the expected results expressed or implied by the forward-looking statements we make. You should not interpret forward-looking statements as predictions of future events. Forward-looking statements represent only the beliefs and assumptions of our management as of the date such statements are made. The above forward-looking statements are made as of the date of this press release.

PR Newswire

Monport Laser Announces Spooky Halloween Experience Sale

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WASHINGTON, Oct. 16, 2023 /PRNewswire/ — Monport Laser is excited to announce an upcoming Halloween promotion that will bring creative visions to life! Whether it’s customizing decorations, costumes, or party favors, Monport Laser’s range of high-quality laser engraving machines is the perfect tool to unleash your imagination.

Monport Happy Halloween
Monport Happy Halloween

Don’t miss out on the spooktacular savings during the Monport Happy Halloween sitewide promotion, allowing customers to enjoy discounts of up to 20% off on laser engraving and cutting machines, save up to $1600. As an added bonus, customers will also receive an exclusive Halloween gift with every machine purchase. Additionally, the accessories are up to 25% off. This limited-time event, running from October 13th to November 3rd, is the perfect opportunity for customers to turn their Halloween ideas into reality and make this season one to remember.

SHOP NOW

Halloween Crafting Companion – Monport 55W Desktop CO2 Laser Cutter

The Monport ONYX 55W Desktop CO2 Laser Cutter with Upgraded Rotary Axis is a powerful and versatile solution for all Halloween crafting needs. Its 55W laser tube can effortlessly cut through 18mm plywood and 17mm acrylic, ensuring precise and clean results. It can effortlessly handle a variety of materials, including acrylic, wood, leather, MDF, fabric, and more. With a spacious workspace, pass-through function, and upgraded rotary axis, people can create intricate designs on various materials and cylindrical objects. Like personalized drinkware, decorative pumpkins, engraved candle holders, customized costume accessories, etc.

The MONPORT ONYX features a 5MP camera for precise positioning, allowing you to preview designs before engraving. This CO2 laser cutter combines speed, precision, and safety, with an enclosed design, cover opening protection, and smoke evacuation system. During the Happy Halloween promotion, save $320 and receive free DSP Lightburn software. It’s an opportunity not to be missed.

Colorful Designs – Monport GI60 Integrated MOPA Color Fiber Laser Engraver

The Monport GI60 Integrated MOPA Fiber Laser Engraver and Marking Machine combines speed, precision, and flexibility. Imagine the possibilities with full-color marking capability on stainless steel and high-contrast engraving on anodized aluminum. With adjustable pulse frequency and width, the GI60 enables vibrant and striking Halloween-themed designs that will leave a lasting impression. By purchasing the Monport GI60, you can save a whopping $1600, making this the perfect time to bring your Halloween visions to life.

Ready For Halloween And More – Monport 40W Pro CO2 Laser Engraver

The Monport 40W Pro Lightburn-Supported CO2 Laser Engraver and Cutter with Air Assist is recommended for all Halloween projects. During the exciting Happy Halloween promotion, customers can save $100 on this advanced laser engraver.

With Monport 40W Pro’s compatibility with Lightburn and Laser GRBL software, precise and high-clarity engravings on various materials can be easily created. What sets this engraver apart is its built-in Air Assist feature, which ensures that the results are impeccable and professional-looking, with reduced chances of scorch marks. The Monport 40W Pro offers a spacious 8″x 12″ flat work table, providing ample space for working on larger projects. Whether for small businesses or individuals engaged in creative projects, the Monport 40W Pro is an excellent choice.

Happy Halloween Only – Rare Discounts on Monport Laser Accessories

In addition to the substantial discounts on laser machines, customers can also enjoy exclusive discounts on Monport Laser equipment. Save $60 on the Monport 6L CW-5200 Industrial Water Chiller, specifically designed to provide efficient and reliable cooling for laser machines, ensuring stable and optimal performance during laser engraving and cutting processes. The Monport Air Purifier Laser Fume Extractor is now up to $116 off, providing a clean and safe working environment. For engraving cylindrical objects, the Monport Rotary Roller is up to $40 off, designed to hold and rotate cylindrical objects such as cups and bottles. Additionally, discounted prices are available for Monport laser tubes, fiber lenses, and laser power supplies. Don’t miss this excellent opportunity to enhance your Monport Laser equipment at affordable prices.

Click here to visit the Monport Happy Halloween event page and discover the extraordinary deals and discounts currently available.

Company: Monport Laser
Contact email: official@monportlaser.com
Pre-sales Phone: (+1)332-251-1208
Monport Laser Website: https://monportlaser.com/
Monport Address: Monport Tech Inc. 300 LENORA ST 878, SEATTLE, WA, 98121-2411, UNITED STATES

PR Newswire

InfiRay®’s C200+ Series Thermal Cameras Launched on October 15

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YANTAI, China, Oct. 15, 2023 /PRNewswire/ — On October 15, 2023, InfiRay®, the leading brand in the thermal imaging camera industry, officially releases its new and upgraded products—InfiRay® C200+ series thermal cameras in Yantai, China.

The C200+ series covers three upgraded models: C200 SE+, C200+, and C200 Pro+. All of them have undergone leapfrog upgrades in terms of thermal sensitivity, infrared images, startup time, display screen, image zooming-in, and body material, catering to more industrial temperature measurement applications.

It is known that Tianshu C200+ series thermal cameras inherit the original 256×192 infrared resolution, and improve their thermal sensitivity NETD to 40mK, which is only available in high-end thermal cameras. This means the products can distinguish a temperature difference of 0.04°C. Based on the newly developed CPU, the series features a shorter startup duration as low as 6s and a smoother operation response.

According to InfiRay®, for full productivity, Tianshu C200+ series thermal cameras are equipped with intelligent professional features such as a new 500nit sunlight screen, automatic range, 2×/4× digital zoom, built-in video taking, and Wi-Fi screen projection, bringing users a smoother work experience with clearer images and more powerful performance. In addition, Tianshu C200+ series thermal cameras have newly upgraded body material—TPU, with IP54 waterproof grade, 2-meter drop protection, and 15-hour long battery life, ideal for temperature measurement in more harsh environments.

It is said that InfiRay® concentrates on developing infrared thermal imaging technologies and manufacturing relevant products, with completely independent intellectual property rights. The company is committed to providing global customers with professional and competitive infrared thermal imaging products and solutions. The main products include IRFPA detectors, thermal imaging modules, and terminal products.

Compared to conventional thermal cameras, the self-developed Tianshu C200+ series thermal cameras released this time have made great progress in ease of use and professionalism. “As a leader in thermal imaging, InfiRay® will continue to invest in R&D, upgrading, and iteration of thermal imaging cameras, bolstering the development in fields such as electrical maintenance, HVAC leak detection, equipment inspection, automotive maintenance, process production, and product R&D,” said the company head.

PR Newswire

Chinese automotive industry has overtaken to supercars

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GUANGZHOU, China, Oct. 14, 2023 /PRNewswire/ — On the evening of October 9th, China’s first supercar production line was officially put into production at Hyper in Guangzhou, and AION launched China’s first electric luxury supercar, Hyper SSR with 1.9s 0-100km/h acceleration, which is the world’s first production electric supercar with the world’s fastest acceleration. Meanwhile, we are amazing to see that we can’t see any western parts, all of parts of Hyper SSR are independently developed and manufactured in China.

China’s first supercar production line was officially put into production at Hyper in Guangzhou
China’s first supercar production line was officially put into production at Hyper in Guangzhou

Hyper has established partnerships with leading teams of China in the automotive, aerospace, aviation, high-end electronic, and cutting-edge material industries, and has created the leading Quark motor, magazine battery, long-fiber carbon ceramic brake discs, racing slick tires, and 900V silicon carbide chips, and so on. We have surpassed the West in the core technologies of electric drive and battery of NEVs.

Previously, China has not a say in automotive manufacturing, which is controlled by Europe, Japan and America. With the launch of China’s first supercar and the operation of China’s first supercar production line, we must realize that China is not only leading the market share of NEV segment, but also has owned the ability to compete with the western countries in cutting-edge manufacturing, and the era that Ferrari and Lamborghini monopolize the supercar segment has been ended by China.

Recently, Huawei launched a premium 5G smartphone, which triggered a popular discussion on whether the Chinese tech giant can break through the US blockade on chip technologies. China has demonstrated an increasing threat to the western NEV industry, it is time for the western NEV industry to get wary and take actions to follow our footprints.

PR Newswire

Streamline Your Electronic Component Needs with Easybom

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SHENZHEN, China, Oct. 14, 2023 /PRNewswire/ — Recently, Easybom, a global electronic component search platform, has launched a new feature – the Bom tool. The Bom tool boasts a huge model database, containing tens of millions of model data, which can recommend the best electronic component model selection for users and provide support for other users’ selection. Easybom has always been committed to providing customers with quality services, and the launch of this new feature undoubtedly provides more convenience for engineers and procurement.

Easybom-Bom Tool
Easybom-Bom Tool

Easybom is an excellent communication platform that connects global electronic engineers, procurement, and sales. For engineers, over 300 million original datasheets are available to view and download for free online. In addition, there are over 50 million original cross-reference models for them to quickly find replacement components to solve the problem of hard-to-find or discontinued parts. For procurement, Easybom provides a rich authorized supply channel with product information from over 220 global component manufacturers and authorized merchants. With complete manufacturer’s data, including delivery time and component production status, R&D costs can be effectively reduced. In terms of sales, Easybom updates the procurement information of global electronic components daily, which can quickly quote; it can also update the procurement trends of electronic components in real time to optimize users’ sales strategies.

Here, I will introduce the distributor pricing on the Easybom platform. Easybom offers three subscription package modes, each with its own features. The first is the Basic Package, which is suitable for merchants with less than 200,000 part numbers. This package is affordable, costing $99 per month, $267 per quarter, and $950 per year. The second is the Intermediate Package, which allows for more product uploads compared to the Basic Package, allowing for 1 million part numbers to be uploaded. It costs $199 per month, $537 per quarter, and $1910 per year. The third is the Advanced Package, where merchants can add 2 million products. This package can meet larger operational needs, costing $299 per month, $807 per quarter, and $2870 per year.

Easybom’s subscription packages are flexible and diverse, able to cater to businesses at different stages with various needs. As demonstrated by our newly launched Bom tool, Easybom is constantly innovating to meet a variety of user needs. We welcome globally renowned electronic component distributors and manufacturers to join the Easybom platform and share the boundless opportunities of the global market.

PR Newswire

MMTEC, INC. TO HOLD ITS 2023 ANNUAL MEETING OF SHAREHOLDERS ON NOVEMBER 10, 2023

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HONG KONG, Oct. 14, 2023 /PRNewswire/ — MMTEC, Inc. (NASDAQ: MTC) (“MMTEC”, “we”, “our” or the “Company”), a China-based technology company that provides access to the U.S. financial markets, today announced that it will hold its 2023 annual meeting of shareholders (the “2023 Annual Meeting”) at its principal executive offices at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong, on November 10, 2023, at 9:00 a.m. local China time (or 8:00 p.m. Eastern Standard Time). The Company’s board of directors fixed the close of business on October 10, 2023, as the record date for shareholders entitled to receive notice and to vote at the 2023 Annual Meeting or any adjournment or postponement thereof.

About MMTEC, Inc.

Headquartered in Hong Kong Special Administrative Region, our Company mainly focuses on investment banking and asset management business, providing customers with one-stop and all-round financial services.

More information about the Company can be found at: www.haisc.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company’s statements regarding its continued growth, business outlook, and other similar statements are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 20-F and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Source: MMTEC, Inc.