Category Archives: PR Newswire

PR Newswire

L-com Introduces New Coiled Category 5e Industrial Ethernet Cable Assemblies

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IRVINE, California, July 17, 2020 — L-com, an Infinite Electronics brand and a preferred manufacturer of wired and wireless connectivity products, has unveiled a new series of Category 5e industrial, high-flex coil cords that are ideal for applications that include industrial Ethernet, harsh environment, factory automation, machine engineering and robotics.

L-com’s new coiled Ethernet cable assemblies feature true Cat5e performance and a coiled, retractable cable design with six (6x) or three (3x) times expansion/retraction ratio. The 6-inch straight tangents are terminated to standard, shielded RJ45 plugs and are available in 90° or 180° tangent versions. These coiled Ethernet cables have been tested to 6 million cycles for the F/UTP version and 4 million cycles for the UTP version and are proven to have the memory needed to deliver millions of extension/retraction cycles without sacrificing electrical performance.

These coiled Ethernet cables boast 26AWG stranded construction with a UL 20352-style, oil-resistant, high-flex, zero-halogen and polyurethane TPU jackets to address a multitude of applications. The zero-halogen assemblies feature (F/UTP) foil shielding providing EMI and RFI protection and the polyurethane jacketed assemblies are constructed with UTP cable.

“These new twisted pair coiled cables deliver tested flex ratio, proven Category 5e performance and industrial characteristics, plus they are offered pre-terminated, in various lengths and with same-day shipping,” said Dustin Guttadauro, Product Line Manager. 

L-com’s new Category 5e Ethernet industrial coil cords are in-stock and available for same-day shipping.

About L-com:

L-com, a leading manufacturer of wired and wireless connectivity products, offers a wide range of solutions and unrivaled customer service for the electronics and data communications industries. The company’s product portfolio includes cable assemblies, connectors, adapters, antennas, enclosures, surge protectors and more. L-com is headquartered in North Andover, Mass., is ISO 9001: 2015 certified and many of its products are UL® recognized. L-com is an Infinite Electronics brand.

About Infinite Electronics:

Based in Irvine, Calif., Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite’s brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMeCables, INC-Installs and Integra Optics. Infinite Electronics serves a global engineering customer base with deep technical expertise and support, with one of the broadest inventories of products available for immediate shipment.

Press Contact:

Peter McNeil
L-com
17792 Fitch
Irvine, CA
978-682-6936

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PR Newswire

Huntkey Releases Its Small-Size Desktop Air Purifier

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SHENZHEN, China, July 17, 2020 — Oucica, a subsidiary of Huntkey, has announced the availability of its small-size desktop air purifier – the DJ010. The purifier is integrated with photocatalyst and HEPA filters, which is ideal for removing bacteria, viruses, chemical vapors, odors, haze particles and many more. It is well-suited for small working rooms or living rooms.

Huntkey Desktop Air Purifier: https://en.huntkey.com/product/desktop-air-purifier/

The key feature of the DJ010 is air purification by photocatalyst. Photocatalyst is a catalyst that can activate chemical reactions like decomposing organic compounds into carbon dioxide and water. By this means, a photocatalyst air purifier is able to clean air by removing stubborn airborne hazards like viruses and bacteria, which is a key difference between photocatalyst air purifiers and the ordinary ones.

The DJ010 is designed like an egg. It measures a dimension of Φ108*160mm and its air volume is 10cbm/h at the maximum, which is suitable for air cleaning for a room space of 8-10cbm. It features a standby consumption of lower than 200mW, as well as a noise level of 38dB(A) at the maximum. For more product information, please visit: http://en.huntkey.com/

Specifications:

Model: DJ010
Input: 5V/2A (Min. 4.6V, Max. 5.5V)
Rated Power: 8W
Standby Consumption: <200mW
Noise Level (Max.): 38dB(A)
Air Volume: 10cbm/h (Max.)
Applicable Space: 8-10cbm
Dimensions: Φ108*160mm

About Oucica

Oucica, a subsidiary of Huntkey, specializes in the development of photocatalyst air purifiers. To improve the air quality of working, living or studying, it has developed a series of air purifiers including model KJ380 for large spaces, CJ001 for car sterilizing and DJ010 for desktops.

About Huntkey

Huntkey Enterprise Group, founded in 1995 and headquartered in Shenzhen, is a member of The International Power Supply Manufacturer’s Association (PSMA) and a member of The China Power Supply Society (CPSS). With branch companies in the USA, Japan and other areas, and cooperating factories in Brazil, Argentina, India and other countries, Huntkey has specialized in the development, design, and manufacturing of PC power supplies, industrial power supplies, surge protectors, adapters and chargers for many years. With its own technologies and manufacturing strength, Huntkey has served Lenovo, Haier, DELL, Bestbuy and many other large enterprises for years, and has received unanimous recognition and trust from most of the customers.

Related Links :

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PR Newswire

Careershe is launched by JobForesight, the first Singapore-based startup from Oxford University incubator

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SINGAPORE, July 17, 2020 — JobForesight, a startup that provides comprehensive careers information for students, has become the first Singapore-based venture to emerge from Oxford University Innovation’s startup incubator and launched Careershe, a career advice app.

Careershe, whose flagship product is a smartphone app that offers structured and transparent content about different occupations, was founded by Singaporean Oxford MBA graduate Steve Xie.

Developed during Xie’s MBA at Saïd Business School and with the help of Oxford University Innovation (OUI) – the University’s technology transfer arm — the app is initially being aimed at students in China.

Xie said: ‘The problem we are trying to solve is the lack of information available for young people about the types of career they can pursue. We can help them better understand what it’s like to be a lawyer, or a blockchain engineer, or to work in AI. Careershe offers a one-stop shop for students who lack access to high-quality career guidance.’

According to a study by the higher education consultancy MyCOS, nearly a third of graduates in China leave their first job within the first six months — almost 2 million students yearly. The current lack of career education provision in China, and its transition towards high-value industries, made it the ideal market, in Xie’s view, for the Careershe app.

Xie, who completed a degree in electrical engineering at the National University of Singapore before joining the building materials industry, has drawn on personal experience for this venture. He said: ‘The biggest problem was that I did not have a clue about what an electrical engineer actually does until the later stages of my degree course. Had I known about the potential career outcomes, I would probably have taken a different academic direction altogether.’

Co-founder Eddie Chng, a Singaporean businessman who is the CEO of the security technology company DiSa Digital Safety Pte Ltd, said: ‘The main reason I invested into this idea is because I have seen the human capital growth that has taken place in Singapore since the 1990s. This is exactly what is happening now in China, except that people in China are even hungrier for growth and progression.’

Guangdong-based Careershe helps students aged between 15 and 25 learn more about the world of work, providing them with guidance in the available pathways towards their desired careers. Valuable content such as required qualifications, typical working hours, likely salaries, and career progression can be found in the app.

Xie added: ‘One notable feature of Careershe is our plan to embed big data and artificial intelligence technology in the product, which will help us provide better recommendations for our users. We currently have around 5,000 registered users, and the early feedback — particularly from teachers — has been positive.’

Chandra Sekar Ramanujan is a Senior Licensing and Ventures Manager at OUI, whose incubator identifies promising student or staff-led startups and helps them to market. Ramanujan said: ‘We are very much attracted to Steve’s vision for Careershe, as well as the thought and market research that has gone into developing the idea. We have supported Steve in validating his business model and connecting with Oxford University’s world-leading academic resources — notably in big data and AI. At this time we are particularly interested in promoting ventures and partnerships overseas.’

Careershe is the first overseas-based project arising from its software incubator in which OUI will take a shareholding stake. Having built the product, launched to market and gleaned insights from users over the past year, the company is now focused on raising funds from investors and seeking partnerships — for example, with schools in China.

Within China, Careershe is affiliated with the TusStar startup incubator programme. Xie said: ‘We are delighted to be working with TusStar, given the strong support it offers to startups and its widespread presence and connections throughout China, Singapore and the UK.’

Educational technology companies are well placed to support the emergence of online education solutions after COVID-19. Moreover, digitalization trends in the future of work are expected to accelerate given the recent proliferation of work from home. Xie added: ‘Careershe can be a beneficiary of these trends, as long as we continue to be nimble and ensure our career database stays relevant.’

The OUI startup incubator is led by Catherine Spence. The incubator is aimed at members and ex-members of the University of Oxford. Spence said: ‘The OUI startup incubator was set up to support non-traditional Oxford projects. Careershe certainly fits that mould — breaking new ground and bringing further diversity into our portfolio.’

Contact

Steve Xie
steve.xie@careershe.com

About Oxford University Innovation

Oxford University Innovation (OUI) supports innovation activities across all University Divisions, managing technology transfer and consulting activities, creating a world-leading innovation ecosystem with Oxford University at its heart.

OUI provides access to technology from Oxford researchers through intellectual property licensing, spinout company formation and creation of social enterprises, and to academic expertise through our Consulting Services team. The Investments and New Ventures team works closely with investors to secure seed and follow-on funding, with more than 400m Pound invested in the growing portfolio in 2018/19.

OUI’s Startup Incubator supports members and ex-members of the University who wish to start or grow entrepreneur-driven ventures that are not University spinouts, working collaboratively with the Oxford Foundry, Oxford Sciences Innovation and others.

Oxford University Innovation is the highest university patent filer in the UK and is ranked 1st in the UK for university spinouts, having created over 200 new companies since 2000. In the 2018/19 financial year OUI completed more than 60 licenses and consulting agreements every month. For updates on innovations from Oxford, follow Oxford University Innovation on LinkedIn and Twitter or subscribe at ouinnov.co/contact

About Careershe

Careershe is a smartphone app product of JobForesight Pte. Ltd. (Singapore), focused on helping students between age 15-25 years old to learn more about the world of work and guide them in major life decisions — E.g. choosing university degree majors. Bringing in latest international research in career development methodologies, JobForesight hopes to help Chinese students find their desired careers.

JobForesight strives to bridge the gap between academic and careers world by providing transparency to students on careers, so that students can make a better decision during the academic pathways. Our smartphone solution allows students to access regularly updated information (requirements, incomes, future potential etc.) on different careers.

We hope to reduce youth’s anxiety and dilemma but, most importantly, reduce the social cost of students leaving careers after a short stint and realizing that they wasted significant time and resources acquiring technical skills that they do not use in the future. Most importantly, by providing transparency across careers and making it accessible to all students regardless of their economic status, we hope to level the playing field from the haves and haves not and also give students a sense of purpose and reason on why they need to work hard in their education.

More information about can be also found on our website – https://www.careershe.com/en.html

PR Newswire

VPN Proxy Master Turns Slow Streaming into a Thing of the Past with the Release of its Fastest-Ever VPN Service

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Lemon Clove unveils next-gen VPN service with speeds up to 118 Mbps, for more secure, faster browsing and increased productivity for offices.

SINGAPORE, July 17, 2020 – During the circuit breaker, people are not able to travel, but they can travel virtually with access to content across the world using VPN Proxy Master – at lightning speed. With internet users at an all-time high due to COVID-19, internet security has been critically undermined, despite a rise in demand for streaming services. To meet this demand, Singapore-based VPN Proxy Master recently launched its latest update with a new customer support feature to enhance the streaming and browsing experience, keeping customer and user data security for millions across the region.

VPN Proxy Master Turns Slow Streaming into a Thing of the Past with the Release of its Fastest-Ever VPN Service
VPN Proxy Master Turns Slow Streaming into a Thing of the Past with the Release of its Fastest-Ever VPN Service

The service will be offered for free on singular devices with no need to register, while premium users can connect up to 5 devices simultaneously.

Greater Browsing Opportunities

Challenging times often unveil unique businesses who can offer real solutions to the greater public. VPN Proxy Master is a free-to-use virtual private network (VPN) server that acts to mask IP addresses to help the average internet user bypass firewalls and access content. 

The free VPN service allows for unlimited streaming regardless of location. Users can enjoy renewed access to international film, television, and gaming content without their IP address being tracked or sold for marketing purposes. For example, city-state internet users can pose online as accessing sites and content from another country.

Run singlehandedly by Singapore-based company Lemon Clove, the highly acclaimed VPN service has served the needs of over 150 million users in 137 countries to date. Boasting unlimited speed and high encryption bandwidth, this is done through rerouting a user’s internet connection across 6000 fast servers in 40 locations around the world. 

The Hidden Benefits of VPN 

Perhaps a lesser-known benefit of a VPN is that it protects internet users from vulnerabilities in public WIFI network connections, such as malware, hacking and viruses. The last thing a user needs during a cliff-hanging action scene is the blinking pop-up reminding them of that shopping cart they laid to rest a month ago. 

For businesses, there are additional benefits, with secured browsing, including the freedom to access online resources and secure financial, user customer and business partner data – Adding an extra layer of security to business partnerships.

With privacy hanging onto a thin thread in the digital space, the lesser the footprint, the more one can navigate in the World Wide Web. This benefit is doubled when using a VPN that can potentially unlock geo-restricted content, protect users’ identity, and speed up streaming all at once. By masking IP addresses, users can also avoid unnecessary price hikes by global e-commerce and online booking platforms which charge based on location. 

Secured with Kill Switch, DNS Leak Protection, IP Address Leak Protection, no-log function and AES256 encryption – VPN Proxy Master guarantees a safe and secure environment even with public Wi-Fi networks. For users who heavily rely on such services, the product offers a paid-for VIP premium version which allows connection to up to 5 devices simultaneously. This is compatible with iOS, Android (Only VPN Proxy Master Pro), Windows and macOS.

Partnership With Codashop

Parent company Lemon Clove has also recently partnered with Singapore-based company Codashop, a gaming and entertainment top-up platform. Codashop is one of the largest and most trusted top-up websites for games and online entertainment in Asia and beyond. Targeting the million-dollar gaming market in Singapore, local gamers can now rejoice at increased access in the gaming world coupled with reduced lag and pings.

VPN Proxy Master is listed under the General Data Protection Regulation (GDPR EU) and protected under the Personal Data Protection Act (PDPC Singapore). To learn more about this fast and free VPN service based in Singapore, click here www.vpnproxymaster.com

About VPN Proxy Master

VPN Proxy Master is one of many cutting-edge VPN brands under parent company Lemon Clove. VPN Proxy Master is using the industry-leading AES256 encryption method which provides a secure tunnel between users’ devices and the internet to protect online privacy and security. VPN Proxy Master is compatible with iOS, Android (Only VPN Proxy Master Pro), Windows and macOS.

Website: www.vpnproxymaster.com

Photo – https://photos.prnasia.com/prnh/20200716/2859612-1?lang=0

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PR Newswire

Xsight Systems and Bayanat Engineering Qatar Partner to Deploy RunWize™ FOD Detection Solution at Hamad International Airport

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DOHA, Qatar, July 17, 2020 — Hamad International Airport (HIA), awarded Bayanat Engineering Qatar the deployment of Xsight Systems’ RunWize™ Foreign Object & Debris (FOD) detection system. HIA is currently ranked as the third best airport in the world by Skytrax World Airport Awards 2020 and serves as Qatar Airways’ international hub.

Xsight Systems’ sensors deployed along the runway
Xsight Systems’ sensors deployed along the runway

Xsight Systems, the leading global provider of advanced runway safety solutions, have partnered with Bayanat Engineering Qatar, a leading airport systems integrator in the Gulf and North Africa, to deliver an intelligent Runway Debris Monitoring System (RDMS) at HIA, part of the airport’s plan to elevate its safety measures and acquire the latest and most advanced runway technologies. RunWize™ will be implemented on the airport’s two parallel runways, one of them being one of the longest in the world at 4,850 meters in length.

Xsight Systems RunWize™ solution provides real-time, automated FOD detection, location, identification and classification, chosen and defined by HIA as a Tier 1 system to take a major part in the airport’s robust eco-system harmonized with other critical interfaces at HIA. This will ensure full runway coverage and ascription capabilities for guaranteed runway safety and operational efficiency during take-off and landing by using sophisticated image and radar processing algorithms based on Artificial Intelligence (AI).

Ioannis Metsovitis, Senior Vice President of Operations at HIA, stated: “HIA champions the adoption of cutting-edge technologies to ensure operational efficiency. The Runway Debris Monitoring System is one of such intelligent safety solution implemented at our airport to accelerate our digital transformation. HIA partners with the world’s leading technology experts to implement the latest innovations and intelligent solutions to ensure the highest levels of passenger experience and safety.”

Yaniv Mendelson, VP Sales of Xsight Systems Inc., said: “We are proud to have Xsight’s RunWize™ recognized as a critical and integral part of HIA’s advanced eco-system to fully integrate and complement other critical systems. This prime function of the RunWize™ within HIA serves as an evidence to the importance the airport attributes to improving safety and efficiency during the take-off and landing operation.”

Hasan Ezzeddine, General Manager at BEQ: “As one of the prime partners for HIA, we supply latest advanced technologies and the installation and maintenance to upgrade existing capabilities of the aviation sector towards achieving the supreme operation performance. We ensure the availability of the leading product for our customer with outstanding end-to-end execution. Our commitment is to the deliver the outstanding service to provide and improve leading safety standards.”

About Xsight Systems

Founded in 2005 Xsight Systems developed advanced runway hazard detection solutions with nearly 1,100 sensors deployed on runways worldwide. Xsight’s proprietary solution RunWize™ provides an automatic and continuous detection to minimize the damages to aircrafts caused by hazards, allowing safer and more efficient runway operations.

Xsight Systems commercially installed in Boston Logan International Airport and Seattle-Tacoma International Airport in addition, Xsight systems is deployed in Bangkok Suvarnabhumi International Airport and Beijing Capital International Airport and Beijing Daxing International Airport in China. Xsight Systems exceeds and complies with regulatory requirements worldwide (ICAO, FAA, CAAC, EASA), while also providing tools to comply with the upcoming Global Reporting Format (GRF) set by ICAO. www.xsightsys.com

About Bayanat Engineering Qatar

BEQ is a key player in the aviation sector in Middle East and North Africa having delivered over 1,000 projects in its 20 years of dedicated airport solutions expertise in several airports. BEQ is specialized in Air Traffic Management, Airside and Terminal systems, with the deployment and integration of a wide range of complex solutions attending the needs of airport authorities, air navigation service providers, civil aviation authorities, and military and defense. qatar.bayanatengineering.com

About Hamad International Airport

HIA, the gateway to Qatar and the World.

Positioned at the edge of the Arabian Gulf, Hamad International Airport’s tranquil waterside setting provides a perfect backdrop for its stylish architectural elements, underpinned by advanced airport systems in line with its “Smart Airport” vision. Operating 24/7, the airport features two runways, a state-of-the-art air traffic control tower and currently processes 30 million passengers per year and 360,000 aircraft per year. With over 40,000 square meters of combined retail, food and beverage facilities, unmatched spa facilities and a collection of unique art pieces from internationally acclaimed artists, HIA is a destination on its own, designed for the modern traveler.

HIA is undertaking an expansion to meet the growing demand for air travel and enhance its position as the preferred gateway for travel. It will deliver on the promise of the “airport-of-the-future” by enhancing the multi-dimensional offerings by integrating a refreshing environment of lush greenery with contemporary retail and dining concepts among other leisure attractions and facilities under one expansive terminal.

HIA’s commercial and operational functions are managed by MATAR, the Qatar Company for Airports Management and Operation and a corporate subsidiary of Qatar Airways Group.

HIA is classified as a five-star airport by Skytrax and currently holds the “Third Best Airport in the World,” “Best Airport in the Middle East” and “Best Staff Service in the Middle East” titles.

For more information, visit HIA’s website www.dohahamadairport.com and follow the airport’s latest news on HIA’s social media channels: Twitter, Facebook, Instagram.

For HIA corporate images, please click here.

Photo – https://techent.tv/wp-content/uploads/2020/07/xsight-systems-and-bayanat-engineering-qatar-partner-to-deploy-runwize-fod-detection-solution-at-hamad-international-airport.jpg

Contact Information:

Xsight Systems:
Yaniv Mendelson
marketing@xsightsys.com

Hamad International Airport:
Marketing and Corporate Communications Department
hiamedia@hamadairport.com.qa

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PR Newswire

VectraCor and GS GmbH (Corpuls) Form Licensing Agreement to Incorporate VectraCor’s 22-Lead ECG and CEB® (Cardiac Electrical Biomarker) Technology in Corpuls Defibrillators

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Both Companies Committed to Bringing the Best Cardiac Care to the Healthcare Workers and Patients that Need It

TOTOWA, New Jersey, July 17, 2020 — GS Elektromedizinische Geraete G. Stemple GmbH, marketing defibrillators under the corpuls brand, and VectraCor Inc., announced today that they have concluded a licensing agreement allowing corpuls to incorporate VectraCor’s cloud-based version of VectraCor’s derived 22-Lead ECG and CEB® (Cardiac Electrical Biomarker) technology into corpuls devices. This will help corpuls’ customers obtain a faster ECG and even more clinically important cardiac data while helping their patients in the most urgent medical situations. VectraCor currently has this technology integrated into their VectraplexECG System, used mainly in Emergency Departments, Urgent Cares and Doctor’s Offices. The VectraplexECG System has approval in the United States (FDA), Europe (CE Mark), Taiwan and Australia and is patented worldwide.

Dr. Christian Klimmer, CEO of corpuls said, “In 1991 corpuls was the first medical device company in the field of multi-parameter / defibrillators introducing the 12-lead ECG to the market. A little revolution back then, standard worldwide as of today. With the introduction of the 22-lead ECG and the CEB® together with VectraCor we will again set the new standard in diagnosing cardiovascular disease, in particular in EMS. We deeply believe that our customers are very interested in more advanced diagnostics regarding acute coronary syndromes especially if this doesn’t come with the price of more time on scene. This will hopefully enable a higher diagnostic accuracy, earlier treatment and an easier choice of the most appropriate hospital where the patient is transported to. For the receiving hospital to know exactly what to expect we have created the possibility to send all 22-Leads as well as the CEB® ahead as a pdf or, in even more detail as part of our corpuls.misson Telemedicine solution.” 

Brad S. Schreck, President & CEO of VectraCor Inc. said, “We are very excited about this partnership with corpuls and to begin to license our patented technology so it can get into the hands of more of the brave life-saving medical professionals that need it. The corpuls product line is used widely and highly respected throughout the world, so naturally, we feel like they are an ideal partner to showcase our technology. We are also very pleased that corpuls sees the important clinical benefit of deriving a full 22-lead ECG which gives the provider more clinically relevant views of the heart, right-sided, posterior, and vectorcardiogram which can have isolated issues when the 12-Lead ECG looks ‘normal’. The reduced electrode placement also saves money and patient prep-time along with helping avoiding potential electrode misplacement.” 

Schreck continued, “Our ECG technology may now help healthcare workers more quickly detect cardiac disease in real-time and non-invasively, in the form of VectraCor’s easy-to-read, color-coded, CEB® number. This could lead to a potentially faster treatment to save heart muscle and lives. After many years of published studies and presentations from prestigious institutions at medical congresses around the world such as ESC, ACC, ACEP, etc., which validated the clinical effectiveness of our technology, we are ready to take the company and healthcare to the next level. This will include licensing the CEB® and derivation technology and putting it into various multi-parameter monitors and other cardiac devices like stress tests, Holter/event monitors, mobile consumer devices and telemedicine platforms.”

On the strategic aspect of the partnership, Schreck said, “The defibrillator and EMS market has always been of major interest to us after VectraCor won the Top EMS Innovation Award at EMS World Expo a few years back. So partnering with corpuls, a major player in that market, fits right into our strategy and vision.” He added, “This is only the beginning in our fight against the number one disease state, and killer, in the world, cardiovascular disease.”  

About GS Elektromedizinische Geraete G. Stemple GmbH 
For close to 40 years, GS Elektromedizinische Geraete G. Stemple GmbH, a successful international family business, has been developing innovative medical devices for the emergency and intensive care medicine and manufacturers. Worldwide professional emergency services rely on the corpuls’ brand of robust and reliable medical products. For more information, visit www.corpuls.world  info@corpuls.com  +49 8191 657220 

About VectraCor Inc.
VectraCor is a medical device company based in Totowa, NJ focused in the cardio-pulmonary space. Their patented technologies, the CEB® (Cardiac Electrical Biomarker), and a derived 22-lead ECG technology using only 5 electrodes (V2 & limbs), has the potential to be the new standard of care in ECGs and cardiac monitoring worldwide.  VectraCor also produces a portable Orbit™ spirometer (lung function test) that is used widely by everyone from General Practitioners to Respiratory Therapists worldwide. For more information please visit VectraCor at www.VectraCor.com  Info@Vectracor.com  1.973.904.0444 ext. 2

Related Files

VectraCor Corpuls Press Release 7 14 2020 FINAL.pdf

Related Links :

http://www.VectraCor.com

PR Newswire

Cyient reports PAT at INR 814 Mn for the First Quarter FY 21; growth of 8.0% QoQ

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HYDERABAD, India, July 17, 2020 — Cyient (Estd: 1991, NSE: CYIENT), a global engineering and technology solutions company, today reported its consolidated financial results for the First quarter (Q1) of FY 2021 ending June 30, 2020.

Photo – https://mma.prnewswire.com/media/1215812/Cyient_Krishna_Bodanapu.jpg

Financial Highlights

–      Consolidated revenue at $130.6 Mn (INR 9,917 Mn); degrowth of 12.5% QoQ (in $ terms) and de-growth of 16.6% YoY (in $ terms) and degrowth of 7.6% QoQ (in INR terms) and de-growth of 8.9% YoY (in INR terms)

–      Services revenue at $112.2 Mn; de-growth of 15.2% QoQ (-14.3% in CC) and de-growth of 18.6% YoY

–      DLM revenue at $18.4 Mn; growth of 8.5% QoQ, and de-growth of 1.4% YoY

–      Free cash flow to EBITDA conversion at 138.1%

–      EBIT margin for services at 6.7%, down 283 bps QoQ

–      EBIT margin for DLM at -4.6%, down 410 bps QoQ

–      Profit After Tax at INR 814 Mn for the quarter; growth of 8.0% QoQ

Business Highlights

  • Update on deal wins – Hitachi Rail:
    • Signed an agreement with Hitachi Rail to deliver project engineering services and accelerate the evolution of its signalling technology
    • Cyient will develop and operate a Central Delivery Centre for Hitachi Rail in India, and a Regional Centre in the US
    • Will be responsible for delivering engineering services for Hitachi’s global signalling projects that use proprietary interlocking platforms
  • Update on collaboration with Microsoft
    • Cyient loT Edge Gateway 5400, the flagship product in the company’s family of loT gateways, is Microsoft Azure Certified for loT
    • Cyient’s loT Edge Gateway 5400 provides diverse connectivity and communication protocol options, advanced data processing, and edge analytics capabilities for remote asset monitoring and predictive maintenance solutions
  • Diversifying our customer base
    • We have added 25 new customers in Q1 FY21
  • Commissioning of the Hyderabad factory
    • The new DLM factory in Hyderabad has been commissioned. This is one of the most advanced electronics manufacturing facilities in India, underpinned by the latest technologies in factory automation, Industry 4.0 and supply chain management
    • Strategic advantage to be located in a manufacturing hub in terms of proximity to probable customers, managing supply chains and co-ordination with the design teams

Message from the Management 
Commenting on the results, Mr. Krishna Bodanapu, Managing Director and Chief Executive Officer, said "Q1 FY21 results were better than our expectations, where we recorded a revenue of $130.6 Mn which was lower by 11.6% QoQ and 15.1% YoY in constant currency.  Services business was lower by 14.3 % QoQ in constant currency. The DLM business grew by 8.5% QoQ. We expect traction from top clients to return post Q2. The EBIT margin is lower by 328bps QoQ mainly due to lower business volume which was somewhat offset by lower SG&A spend. We generated Free Cash Flow of INR 2,163 Mn which was higher by 101% QoQ.

This quarter we had some significant wins in both new business and existing clients. This will help us strengthen our revenue outlook in the coming quarters. This quarter we also made significant investments in strengthening our business through strategic partnerships and alliances. We partnered with Microsoft for industry 4.0 offerings. The partnership will allow us take IoT solutions faster to market with hardware and software that has been pre-tested and verified to work with Microsoft Azure IoT services. We also signed a partnership with Fore Optics for joint Go to Market on taking asset tracking offering to the market. As part of this partnership Fore Optics brings in its IP in supply chain analytics and Cyient its IP in asset tracking IoT. We further strengthened the management team with the addition of Felice Gray-Kemp as the Global General Counsel and Meenu Bagla as the Chief Marketing Officer. The new DLM factory in Hyderabad has been commissioned and I am happy to say that this is one of the most advanced electronics manufacturing facilities in India, underpinned by the latest technologies in factory automation, Industry 4.0 and supply chain management.

Our Outlook for Q2 is positive and we expect growth to return in all industries except Aerospace, which will de-grow further in Q2. For the year, we expect a de-growth in revenue in double digits. We will also reiterate that H2 margin will be back to the steady state margin of H1 of last year. This will continue to be underpinned by strong free cash flow generation and prudent Capex spend."

Commenting on the results, Mr. Ajay Aggarwal, President & CFO, said, "The revenue for Q1FY21 stood at $130.6 Mn (INR 9,917 Mn) with EBIT of INR 511 Mn and PAT of INR 814 Mn. Our rigor on cash collections, close engagement with customers and initiatives on cash conservation has yielded results with FCF generation of INR 2,163 Mn and FCF to EBITDA conversion of 138.1%.

With significant efforts spent on efficiencies and cost optimisation in the last financial year, our focus on cost reduction and profit improvement continued in Q1 and well set to show results in the coming quarters. We are positive on realising benefits of our sustained initiatives on collections, working capital cycles, payables and discretionary cost control in FY21. 

In the current turbulent times, it is very difficult to predict future with a reasonable certainty. We are cognizant of the dynamic situation we are in, and are working with extreme agility in making decisions and taking corrective actions to manage business scenarios with special focus on cash and costs.

We remain strongly focused on growth, improvement in operating efficiencies and cash generation and thus maximizing the value for our shareholders."

Business performance and outlook

Aerospace & Defense
Aerospace & Defence business unit witnessed a decline of 15.6% QoQ and 21.5% YoY. The services business from commercial aviation clients witnessed significant challenges across geographies. The defence business remained resilient and we expect the traction to continue through the year. The manufacturing business grew driven by new wins and stable defence accounts.

We expect to witness decline in Q2 driven by poor market demand for passenger travel. We are actively engaged with key clients to strengthen our relationship and retain our market share. We expect manufacturing business to witness strong growth through Q2. The digital offerings are seeing momentum in this vertical. We expect the demand to be driven by digital, defence and DLM in the near term.

Communications
Communications business unit witnessed a decline of 10.8% QoQ and growth of 0.6% YoY. The services business witnessed increased demand in key clients driven by demand for increased network bandwidth both from consumer & enterprise segments. Also, 5G rollouts across various geographies are gaining traction. However, closure on major programs, field access and new client acquisition remained a challenge.

We expect strong growth in Q2 driven by growth in key clients. 5G rollouts, wireless and fiber rollout, digital technologies will continue to drive growth through next few quarters.

Transportation
Transportation business unit witnessed a decline of 10.9% QoQ and 23.9% YoY, primarily driven by change in revenue complexion and lower momentum in one of our key clients. 

Our outlook for Q2 continues to remain positive driven by growth in key client accounts and new wins in mobility business. We expect momentum in signaling business to return through the quarter.

E&U
Energy and Utilities business unit witnessed a decline of 19.4% QoQ and 30.0% YoY driven by temporary stoppage in field work for the Utilities business and decline in demand for the manufacturing business.

We expect strong growth in Q2 driven by growth across services. We expect traction in Energy segment to return post Q2

Medtech and Healthcare
Medical technology and Healthcare business unit witnessed a growth of 18.2% QoQ and 32.7% YoY driven by growth in key client in the services business and manufacturing business.

Our outlook for Q2 stands positive driven by growth in key client in the manufacturing business. We expect growth in Covid related equipment’s like IVD and hospital equipment’s to drive growth through the quarter.

SIA (Semiconductor, Semiconductor, IoT and Analytics)
Semiconductor, IoT and Analytics business unit witnessed a growth of 15.6% QoQ and decline of 18.7% YoY. The growth was driven by growth in key clients in semiconductor as well as embedded automotive services. We also completed ASIC IC shipments for a high precision GPS chip leveraging our new test infrastructure in Europe. Asides this, our facilities in Leuven (Belgium) and Duisburg (Germany) will be fully equipped to perform test development for high volume production for complex analog mixed signal ASICs through the year.

We expect growth through Q2 driven by ramp up in new turnkey ASIC projects and IC shipments.

DLM (Design Led manufacturing)
Design Led manufacturing business unit witnessed a growth of 8.4% QoQ and decline of 1.4% YoY driven by growth across Aerospace and Medical segments. Our strong focus on inventory reduction through the quarter resulted in increased cash flow for the business.

We expect strong growth through Q2 driven by key clients in Aerospace & Defence and Medical segment. We will continue to focus on better inventory management and operational excellence to improve our cash position.

About Cyient
Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company.  As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, domain knowledge, and technical expertise to solve complex business problems.

Cyient partners with customers to operate as part of their extended team in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.

For more information, please visit www.cyient.com.

Follow news about the company at @Cyient.

Media Relations
Perfect Relations
Vishal Thapa
Mobile: +91 9701834446
Email: vthapa@perfectrelations.com 

Disclaimer

This document contains certain forward-looking statements on our future prospects. Although Cyient believes that expectations contained in these statements are reasonable, their nature involves a number of risks and uncertainties that may lead to different results. These forward-looking statements represent only the current expectations and beliefs, and the company provides no assurance that such expectations will prove correct.

All the references to Cyient’s financial results in this update pertain to the company’s consolidated operations comprising wholly-owned and Step-down subsidiaries Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient Australia Pty Ltd; Cyient Singapore Private Limited; Cyient KK; Cyient Israel India Limited; Cyient Insights Private Limited; Cyient Canada Inc.; Cyient Defense Services Inc.; Certon Software Inc.; Certon Instruments Inc.; B&F Design Inc.; New Technology Precision Machining Co. Inc.; Cyient Insights LLC; Cyient Benelux BV; Cyient Schweiz GmbH; Cyient SRO; AnSem NV; AnSem B.V.; Cyient AB; partly owned subsidiaries Cyient Solutions and Systems Private Limited; Cyient DLM Private Limited; joint venture Infotech HAL Ltd (HAL JV) & associate company Infotech Aerospace Services Inc. (IASI) until 8th December 2017.

The income statement and cash flow provided is in the internal MIS format. MIS format is different from the income statement published as part of the financial results, which is as per the statutory requirement.

 

 

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PR Newswire

Arria and TIBCO Announce Strategic Partnership to Bring Faster Understanding of Data with Natural-language Narratives

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NEW YORK, July 17, 2020 — Arria NLG, a leading provider of Natural Language Generation (NLG) technology, today announced the two companies have joined forces to help the world draw greater meaning from data, opening the doors to better solutions for many of the problems we face. Their collaboration augments BI dashboards with insights written in natural language, providing a new starting point for data analytics.

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Already, this strategic partnership has assisted people by giving them an improved understanding of COVID-19 data in the context of whichever places around the world they most urgently need information on. Arria’s natural language generation software was used in a TIBCO Spotfire® COVID-19 dashboard to provide key data insights into the impact of the disease from the local level to the global level.

TIBCO data scientists aggregate massive amounts of data for reporting in their dashboards, which include maps, graphs, and other visualizations to illustrate what’s happening around the world. Arria’s NLG software then uses artificial intelligence to transform the data into dynamically generated written narratives, helping dashboard viewers better understand what the data is telling them. People can more easily see trends in the virus numbers, such as what areas are experiencing fewer cases, whether there are any upticks, and what’s happening with the numbers as states reopen. Video >

“Language was one of the world’s greatest advancements, it catapulted humanity forward. Bringing human language to technology surely will have a similar impact,” says Sharon Daniels, CEO of Arria. “If data is the new oil, democratizing data understanding is the way to fuel business growth.”

The pandemic isn’t the only area where the collaboration between Arria NLG and TIBCO can give people a greater understanding of the ever-changing data that plays such a critical role in all aspects of their lives. Businesses have begun reaping rewards as well. Applications for businesses include pharma, finance, retail, and general enterprise reporting – any place where dashboards are used to provide instant access to critical information.

For example, Arria’s technology is available as an add-on to TIBCO Spotfire, enabling companies to do more in Spotfire® with their data by going beyond visualizations — essentially providing a new starting point for data analytics.

As a result, people at all levels within an organization will gain a valuable understanding of what the data reveals. Business intelligence becomes more valuable when it can be easily understood and used by anyone across the enterprise, and not just by data scientists. Arria’s natural language generation allows individuals to connect, communicate, and share understanding and insights that will bridge silos across the enterprise.

“The pandemic has highlighted the need for sound data science and fact-based insights for everyone,” says Michael O’Connell, chief analytics officer for TIBCO. “These automated written summaries from Arria provide immediate understanding of the COVID-19 data, and a clear distillation of insights, to guide behavior and public policy.”

About Arria NLG
Arria NLG (www.arria.com) is the global leader in the field of Natural Language Generation (NLG), a form of artificial intelligence, specializing in extracting insights from complex data sources and communicating that information in natural language (i.e. as if written or spoken by a human). Arria’s API architecture enables seamless integration with any BI, RPA or VOICE platform. Arria offers NLG solutions for banking, government, financial services, insurance, pharmaceutical, consumer-product goods, news and media.

TIBCO and Spotfire are trademarks or registered trademarks of TIBCO Software Inc. and/or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification.

Related Links

COVID-19 dashboard

https://www.arria.com/studio-for-bi/

Arria’s technology is available as an add-on to TIBCO Spotfire

Video >

Media Contact: Lyndsee Manna
Senior Vice President, Business Development and Partnerships
Lyndsee.manna@arria.com

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PR Newswire

You Need Character Enters the Indian Character IP Market – Pushing Mobile Game Business with ‘Cricket Pang’

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  • Entering the Indian character market of 1.4 billion in earnest, broadcasting self-produced animation ‘Cricket Pang’ to Indian TV channels and OTT channels, and pushing its mobile game business by the end of the year
  • Animation creator, You Need Character, pushes for a mobile game business utilizing IP from ‘Cricket Pang’, targeting the Indian market

SEOUNGNAM, South Korea, July 17, 2020 — You Need Character (CEO Minsoo Song), a company in the ICT-Culture Convergence Center operated by the Ministry of Science and ICT and National IT Industry Promotion Agency, has revealed that they are pushing their mobile game business in earnest on the 7th.

You Need Character Enters the Indian Character IP Market Pushing Mobile Game Business with ‘Cricket Pang’
You Need Character Enters the Indian Character IP Market Pushing Mobile Game Business with ‘Cricket Pang’

 

Targeting the Indian market with a population of 1.4 billion, You Need Character is in the process of finalizing negotiations with local Indian media owners, ahead of the broadcasting of ‘Cricket Pang’, a self-produced TV animation, on Indian TV and OTT channels by the end of this year.

As such, they are utilizing the character IP from ‘Cricket Pang’ to prepare various character products, and notably, they are planning to launch a number of educational apps targeting the younger audience, as well as casual mobile games on the Indian mobile app market around the time of broadcasting towards the end of the year.

In particular, in addition to self-produced educational mobile apps, they are currently in talks with Korean game companies with aims to launch a number of mobile games utilizing the character IP from ‘Cricket Pang’ by the end of this year, and they are expecting various cooperative solutions with many mobile game companies.

Minsoo Song, CEO of You Need Character, said, “Utilizing animations and character IP, Cricket Pang animation is preparing to launch toys and publications based on the date of broadcast towards the end of the year, and will be the first in Korea to enter the Indian media market in earnest. The mobile game sector in particular, has a high demand and is a large and well-developed business sector in the Indian market. As such, we always welcome proposals from Korean mobile game developers that have the drive and capacity to enter the Indian mobile game market utilizing IP from ‘Cricket Pang’, in addition to our self-developed mobile apps.”

You Need Character is set to broadcast ‘Cricket Pang‘ on Indian TV and OTT channels on this coming November, recently having opened a ‘Cricket Pang‘ channel on Instagram and Facebook for pre-promotion and updating their contents. They revealed that they are planning to launch a variety of character licensing businesses, educational AR teaching aid series, educational mobile apps, and casual games utilizing ‘Cricket Pang‘ characters after broadcasting ‘Cricket Pang‘ on local Indian TV.

 
PR Newswire

Cyient Attains Gold Status in the Esri Partner Network

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Designation will boost the company’s collaboration with Esri to develop and implement a wide range of cutting-edge geospatial services, tools, and solutions for global customers.

HYDERABAD, India, July 16, 2020 — Cyient, a global engineering and technology solutions company, today announced that it has attained Gold partner status in the Esri Partner Network. The company received recognition for its robust and continued investment in achieving Esri’s ArcGIS Online, Release Ready and Utility Network Management Specialties. With this designation, Cyient joins an exclusive list of companies that have reached Esri Gold Partner status globally.

Mr. John Renard, President Portfolio Business Unit and President EMEA, Cyient
Mr. John Renard, President Portfolio Business Unit and President EMEA, Cyient

As a Gold Partner, Cyient will strengthen its collaboration with Esri to develop and implement a wide range of next-generation geospatial services, tools, and solutions across multiple industries, including telecommunications, energy & utilities, mining, transportation, defense, the public sector, and manufacturing.

Speaking on the announcement, John Renard, President Portfolio Business Unit and President EMEA, Cyient, said, “We are delighted to become a Gold Partner for Esri. Cyient has a strong, 25-year relationship with Esri, and together, we have developed and delivered critical, game-changing geospatial solutions for customers. This enhanced partnership will accelerate a new level of collaboration between Cyient and Esri to work together more closely in the future and provide value-added experience to global customers and enhance the efforts in building a stronger GIS community worldwide.”

“Building on our longstanding relationship, we are pleased to recognize Cyient as an Esri Gold Partner,” said Robert Laudati, Esri’s Director of Global Partners and Alliances. “Advancements in Esri technology combined with Cyient’s domain focus and industry expertise have resulted in solutions that are helping to solve complex challenges across multiple industries, and we are excited to take this collaboration to the next level.”

The Esri Partner Network is a rich ecosystem of organizations that work together to amplify The Science of Where. Esri’s 2,600+ partners deliver solutions, content, and services around the world. Combining industry-specific knowledge with ArcGIS software expertise, Esri partners customize and extend the reach of geographic science in limitless applications and organizations. Learn more at www.esri.com/en-us/about/esri-partner-network/overview

About Cyient

Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company. As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, domain knowledge, and technical expertise to solve complex business problems.

Cyient partners with customers to operate as part of their extended team in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.

For more information, please visit www.cyient.com
Follow news about the company at @Cyient

About Esri:

Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, offers the most powerful geospatial cloud available, to help customers unlock the full potential of data to improve operational and business results. Founded in 1969, Esri software is deployed in more than 350,000 organizations including 90 of the Fortune 100 companies, all 50 state governments, more than half of all counties (large and small), and 87 of the Forbes Top 100 Colleges in the U.S., as well as all 15 Executive Departments of the U.S. Government and dozens of independent agencies. With its pioneering commitment to geospatial information technology, Esri engineers the most advanced solutions for digital transformation, the Internet of Things (IoT), and advanced analytics. Visit us at esri.com.

Contact Details

Media Relations
Perfect Relations
Vishal Thapa
Mobile: +91 9701834446
Email: vthapa@perfectrelations.com

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