Category Archives: PR Newswire

PR Newswire

Global Airlines Leverage AI, Machine Learning and Blockchain to Save Costs and Generate New Revenues, Says Frost & Sullivan

Leave a comment

Airlines and IT suppliers are investing in distribution, loyalty programs, and supply chain management

SANTA CLARA, California, June 22, 2020 — Frost & Sullivan’s recent study, Analysis of the Global Airline IT Market, Forecast to 2025, finds that the increasing expectations of passengers are compelling airlines to embrace digital enablers and propelling a digital transformation journey that will fundamentally change traditional airline information technology (IT) strategies. Impacted by the COVID-19 pandemic, the airline IT market is estimated to generate a revenue of $20.74 billion by 2025, compared to $21.20 billion in 2019. As per the original forecast, by 2025, the market was estimated to reach $25.1 billion from $21.20 billion in 2019.

Global Airline Technology
Global Airline Technology

For further information on this analysis, please visit: http://frost.ly/46n

“Despite the adverse impact of COVID-19 on the industry, airlines are increasingly focusing on adopting next-generation digital solutions such as mobility, machine learning (ML), Big Data analytics, and artificial intelligence (AI) to identify cost-saving and revenue-generating opportunities,” said Abhilash Varkey Abraham, Aerospace & Defense Research Analyst at Frost & Sullivan. “Additionally, a few major airlines have already committed to migrating their entire IT infrastructure to the cloud over the next 3-5 years and this trend is likely to continue and grow, mainly among low-cost carriers.”

Abraham added: “From a regional airline IT market perspective, North American airlines were the highest revenue contributor in 2019 and are expected to remain so during the forecast period. Further, APAC is expected to be the key growth engine over the medium and long terms.”

With global airlines losing $25 billion due to disruptions in operations and with 50% of them addressable via digital solutions, a huge opportunity exists for IT suppliers to innovate and expand their portfolio. Market opportunities include:

  • Real-time data analytics with an interactive display/graphical user interfaces (GUI) will have higher penetration in the medium term, which will serve as a growth opportunity for suppliers.
  • With airlines embracing the capabilities of next-gen technologies such as AI and ML, solution providers are encouraged to integrate these technologies into their solutions.
  • Vendors are encouraged to develop solutions to solve airlines’ disruption pain points, especially in the areas of passenger re-accommodation and compensation.
  • Adopting Big Data platforms can streamline the operations of airlines, reducing cost and time.

Analysis of the Global Airline IT Market, Forecast to 2025 is the latest addition to Frost & Sullivan’s Aerospace & Defense research and analyses, available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Analysis of the Global Airline IT Market, Forecast to 2025

MDE1

Contact:
Francesca Valente
Corporate Communications
E: Francesca.Valente@frost.com

http://ww2.frost.com

Photo – https://techent.tv/wp-content/uploads/2020/06/global-airlines-leverage-ai-machine-learning-and-blockchain-to-save-costs-and-generate-new-revenues-says-frost-sullivan.jpg 

Related Links :

http://www.frost.com

PR Newswire

KAIST Forum Envisions Education in the Post-COVID Era

Leave a comment

Global leaders including the CEOs of Minerva and Coursera to join the KAIST online forum to discuss how to facilitate inclusive educational environment amidst the ever-growing digital disparities

DAEJEON, South Korea, June 22, 2020 — An international forum hosted by the KAIST Global Strategy Institute will examine how the disruptions caused by the global pandemic will impact the future of education. Global leaders will reflect on ways to better facilitate inclusive educational environments and mitigate the digital divide, especially in an era where non-contact environments are so critical.

KAIST Forum Envisions Education in the Post-Covid Era
KAIST Forum Envisions Education in the Post-Covid Era

The online forum to be held on June 24 from 09:00 am KST will livestream on YouTube, Naver TV and KTV. This is the second forum hosted by the GSI following its inaugural forum in April.

Minerva School’s CEO Ben Nelson and Coursera CEO Jeff Maggioncalda will be among the 15 speakers who will share their insights on the new transformations in the education sector.

The digital transformation of higher education will be the key topic every speaker will highlight to predict the future education in the post-COVID era. According to UNESCO and UNICEF, 1.6 billion students from 192 countries, which account for 91 percent of the student population in the world, have experienced educational disruptions in the past four months. Approximately 29 percent of the youth worldwide, around 346 million individuals, are not online.

KAIST President Sung-Chul Shin’s opening remarks will stress that technological breakthroughs should be used to benefit us all and the private and public sectors should collaborate to facilitate an inclusive educational environment.

Ben Nelson believes that global universities are at the point of inflection for making tough choices to reform higher education. He will introduce what will affect the decision-making procedure for investing in the digital transformation and the best recipe for building a successful remote learning environment.

Dr. Paul Kim, CTO and Assistant Dean of Stanford Graduate School of Education, will analyze the ramifications brought about by COVID-19 among both advanced countries and developing countries, and propose an optimal educational model for developing countries.

Phil Baty, Chief Knowledge Officer at Times Higher Education, will present the key survey results the Times Higher Education made with approximately 200 university presidents on how higher education will adapt in the years to come.

As for innovation in higher education, Vice President at Microsoft Anthony Salcito and Professor Tae Eog Lee from the Department of Industrial and Systems Engineering at KAIST will discuss the education innovation solutions they are currently working on and how their projects will continue to develop.

National University of Singapore President Gan Eng Chye will also opine on how education could be more accessible. He will share what is exacerbating educational inequity and how to ensure an inclusive learning environment.

The second session will cover how to cope with the digital inequity.

Director General at the Ministry of Science and ICT Sang Wook Kang will explain the unavoidable online transition that is required to address the educational disruptions. He will also share his ideas on how this crisis can be leveraged to advance the educational environment.

Meanwhile, Rebecca Winthrop, senior fellow and co-director for universal education at Brooking Institution, and Sooinn Lee, CEO and Creative Lead of Enuma, will present on how to reduce the educational disparity during the un-contact era.

Director Joung-Ho Kim at the GSI, who is the organizer of the forum, said that KAIST has been the forerunner in the educational innovation. He hopes that this online forum will provide meaningful momentum to reshape the future of education by addressing the challenges and disruptions this pandemic has caused.

KAIST
http://www.kaist.ac.kr

Press Contact:

Younghye Cho
kaistpr@kaist.ac.kr
younghyecho@kaist.ac.kr

Related Links :

http://www.kaist.ac.kr

PR Newswire

CDEL Announces Formation of Independent Special Committee to Review Preliminary Non-Binding Proposal to Acquire the Company

Leave a comment

BEIJING, June 22, 2020 — China Distance Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a leading provider of online education and value-added services for professionals and corporate clients in China, today announced that its board of directors (the "Board") has formed a special committee (the "Special Committee") consisting of Ms. Carol Yu and Ms. Annabelle Yu Long, each an independent director, to review and evaluate a previously-announced non-binding proposal that the Board received on June 8, 2020 (the "Proposal") from Mr. Zhengdong Zhu, co-founder, chairman of the Board and chief executive officer of the Company ("Mr. Zhu"), Ms. Baohong Yin, co-founder of the Company, deputy chairman of the Board and the spouse of Mr. Zhu, and their affiliated entity (collectively, the "Buyer Group"), to acquire all of the outstanding ordinary shares of the Company, including ordinary shares represented by American depositary shares (the "ADSs", each representing four ordinary shares), for US$2.27 in cash per ordinary share, or US$9.08 in cash per ADS (the "Proposed Transaction"). The Special Committee has retained Goulston & Storrs PC as its United States legal counsel in connection with its review and evaluation of the Proposal.

The Company cautions its shareholders and others considering trading in its securities that neither the Board nor the Special Committee has made any decision with respect to the Company’s response to the Proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

About China Distance Education Holdings Limited

China Distance Education Holdings Limited is a leading provider of online education and value-added services for professionals and corporate clients in China. The courses offered by the Company through its websites are designed to help professionals seeking to obtain and maintain professional licenses and to enhance their job skills through our professional development courses in China in the areas of accounting, healthcare, engineering & construction, legal and other industries. The Company also offers online test preparation courses for self-taught learners pursuing higher education diplomas or degrees, and practical accounting training courses for college students and working professionals. In addition, the Company provides business services to corporate clients, including but not limited to tax advisory and accounting outsourcing services. For further information, please visit http://ir.cdeledu.com.

Safe Harbor Statements

This announcement may contain forward-looking statements. Any such statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "may," "should," "potential," "continue," "expect," "predict," "anticipate," "future," "intend," "plan," "believe," "is/are likely to," "estimate" and similar statements. The Company may also make written or oral forward-looking statements in its periodic and annual reports to the SEC, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. There can be no assurance that the Buyer Group will make any definitive offer to the Company, that any definitive agreement relating to the Proposal will be entered into between the Company and the Buyer Group or that the Proposed Transaction or any other similar transaction will be approved or consummated.

Contacts:

In China:

China Distance Education Holdings Limited
Jiao Jiao
Tel: +86-10-8231-9999 ext. 1826
Email: IR@cdeledu.com

The Piacente Group, Inc.
Xi Zhang
Tel: +86-10-6508-0677
E-mail: dl@tpg-ir.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1 212-481-2050
Email: dl@tpg-ir.com

Related Links :

http://ir.cdeledu.com

PR Newswire

New Oriental Announces Proposed Debt Offering

Leave a comment

BEIJING, June 22, 2020 /PRNewswire-Asia/ — New Oriental Education & Technology Group Inc. (the “Company” or “New Oriental”) (NYSE: EDU), the largest provider of private educational services in China, today announced the proposed offering of senior notes outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Company intends to use the net proceeds from the offering for general corporate purposes.

The joint bookrunners of the offering are BofA Securities and UBS AG Hong Kong Branch.

The notes will be offered outside the United States in reliance on Regulation S under the Securities Act. The notes have not been and will not be registered under the Securities Act or the securities laws of any other place, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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

This press release contains information about the pending offering of the notes, and there can be no assurance that any of the offerings will be completed.

About New Oriental

New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of language training and test preparation, primary and secondary school education, online education, content development and distribution, overseas study consulting services, pre-school education and study tour. New Oriental’s ADSs, each of which represents one common share, currently trade on the New York Stock Exchange under the symbol “EDU.”

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the description of the proposed offering in this announcement contains forward-looking statements. New Oriental may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about New Oriental’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our ability to attract students without a significant decrease in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and enhance our “New Oriental” brand; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the private education sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese private education market; Chinese governmental policies relating to private educational services and providers of such services; health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. New Oriental does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date of this press release, and New Oriental undertakes no duty to update such information, except as required under applicable law.

Contacts

For investor and media inquiries, please contact:

Ms. Rita Fong

Ms. Sisi Zhao

FTI Consulting

New Oriental Education & Technology Group Inc.

Tel: +852 3768 4548 

Tel: +86-10-6260-5568

Email: rita.fong@fticonsulting.com

Email: zhaosisi@xdf.cn

Related Links :

http://english.neworiental.org

PR Newswire

Acronis and Minterest Jointly Launch Acronis #CyberFit Financing in Singapore to Help Businesses Combat COVID-19 Disruptions

Leave a comment

SINGAPORE, June 22, 2020 — Acronis, a global leader in cyber protection, and Minterest, a leading Singapore-based online financial services solutions provider, have joined forces to launch Acronis #CyberFit Financing, Powered by Minterest to provide Singapore-based businesses with financing support to remain resilient and #CyberFit with the COVID-19 pandemic.

Acronis #CyberFit Funding platform powered by Minterest
Acronis #CyberFit Funding platform powered by Minterest

The unprecedented COVID-19 pandemic has forced businesses globally to operate remotely and people – to work from home. Very often, they work with unsecured digital networks and are vulnerable to cyber-attacks.

As a cyber protection company, Acronis is dedicated to helping organizations safeguard their data, applications, and systems so they can remain productive and avoid costly downtime. During the COVID-19 outbreak, essential services such as supermarkets, drug stores, medical services, mechanical services, police, and governmental agencies will need cyber protection to be #CyberFit so their IT infrastructure remains protected and operational.

Serguei Beloussov, Founder and CEO of Acronis, said: “Cybercriminals are ruthless – they see the coronavirus pandemic as an opportunity to target new vulnerabilities such as those caused by many staff migrating to home offices. Now more than ever, cyber protection should be a key concern for every business, as a data breach that costs a company valuable data can cripple even large organizations. Acronis Cyber Protect Cloud is a solution we have developed to combat this global threat. Acronis is dedicated to doing our part to help businesses both in the digital and the real world. With support from our capable partners at Minterest, we hope to provide streamlined access to vital funding to ensure business continuity for as many Singapore businesses as possible.”

Beyond the heightened cybersecurity risk, with the coronavirus outbreak slowing down economies and disrupting supply chain networks, many managed service providers, hosting companies, SMEs and home businesses are also faced with urgent cash flow issues. Through this partnership, Acronis and Minterest hope to empower businesses by providing easy access to customised financing solutions to tide them through this difficult period and to build their cybersecurity capabilities to ringfence their businesses. Minterest is able to bring speed to lending, as it is able to process and approve loan applications within 48 hours, upon full submission of necessary documents.

Charis Liau, CEO of Minterest, commented: “The COVID-19 outbreak has sent shock waves throughout the global economy and many companies are facing deteriorating business conditions and cash flow liquidity crunches. We are pleased to partner with Acronis to accelerate the access to financial aid for Singapore-based firms. We want to be here for them; not just get through the pandemic, but beyond that as well.“

All companies and limited liability partnerships registered in Singapore are invited to sign up via the Acronis #CyberFit Financing, Powered by Minterest starting from 22 June, 2020.

For enquiries, please contact:

Acronis

Natalia Tashkeeva

Natalia.tashkeeva@acronis.com

Tel: +65 9643 9080

Minterest Group

Charis Liau

charis.liau@minterest.sg

Tel: +65 6386 8623

About Acronis

Acronis sets the standard for cyber protection through its innovative backup, anti-ransomware, disaster recovery, storage, and enterprise file sync and share solutions. Enhanced by its award-winning AI-based active protection technology, blockchain-based data authentication and unique hybrid-cloud architecture, Acronis protects all data in any environment – including physical, virtual, cloud, mobile workloads and applications – all at a low and predictable cost.

Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 1,500 employees in 33 locations in 18 countries. Its solutions are trusted by more than 5.5 million personal users and 500,000 businesses, including 100% of the Fortune 1000 companies. Acronis’ products are available through 50,000 partners and service providers in over 150 countries in more than 30 languages.

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

About Acronis #CyberFit Financing

Acronis #CyberFit Financing aims to help provide Acronis’ cyber protection services to as many in need of it as possible – providing access to the financial aid small businesses need to weather the economic downturn, and ensuring the managed service providers that support these essential services will be able to continue delivering the cyber protection they need. 

For more information, please visit www.acronis.com/en-us/lp/financing-world.

About Minterest Group

The Minterest Group is a Singapore-based online financial services solutions provider that connects borrowers with investors. Established in 2016, it is a leading non-bank fintech group with dual licences in Singapore enabling the group to facilitate, by leveraging on technology, corporate loans through marketplace lending and personal loans at customised interest rates. It has a cumulative deal origination volume of over S$88 million in Singapore.

Backed by ARA Asset Management and regulated by the Monetary Authority of Singapore, Minterest aims to bring funding to businesses that are constrained by various requirements of conventional finance providers. To help small businesses stay afloat during this COVID-19 pandemic, Minterest has been administering a S$8 Million SME Help Fund set up by John Lim’s family office (JL Family Office), ARA Asset Management and The Straits Trading Company.

Minterest is founded on the belief that everyone is entitled access to financial solutions to meet their corporate and individual requirements. Using the team’s deep financial experience and expertise, Minterest offers relevant financial and investment solutions to both borrowers and investors through the use of technology.

For more information, please visit www.minterest.sg. 

Photo – https://photos.prnasia.com/prnh/20200619/2835929-1?lang=0

Related Links :

https://www.acronis.com/

PR Newswire

Kantar Brand Growth Lab is developing Quantum Machine Learning solutions in Singapore

Leave a comment
  • As part of AI/ML advancement in Singapore, Kantar was granted a patent in the Quantum Machine Learning field in Singapore.
  • Kantar Brand Growth Lab continues experimenting in the Quantum Machine Learning field.

SINGAPORE, June 22, 2020 — Kantar, the world’s leading data, insights and consulting company, announced today the first patent on Quantum Machine Learning as part of AI/ML advancement in Singapore. With the continuous support and partnership of Singapore’s Economic Development Board (EDB), Kantar established its Brand Growth Lab in Singapore in 2018 to develop AI/ML solutions. The Lab, an advanced analytics hub, is dedicated to discovering new ways to leverage big data to drive strategic decision-making for business.

Kantar awarded patent in the Quantum AI field

On January 2nd of this year, Kantar was granted its first patent by the Intellectual Property Office of Singapore for a method of optimising AI/ML predictions from a classical data feed with a hybrid simulator generated from classical and quantum model structures. Some of the other organizations with a patented invention in the Quantum technology field in Singapore are Oxford University Innovation, D-Wave, IBM and Google.

“Quantum technology will revolutionize Artificial Intelligence and Machine Learning. This patent indicates our commitment to lead in this field. We are proud to have been awarded this patent as it demonstrates our advancement in the field of data science,” commented Hernan Sanchez, Managing Director, Kantar Brand Growth Lab.

Kantar Brand Growth Lab experiments in the Quantum Machine Learning field

In collaboration with Professor Angelakis, Principal Investigator and the leader of the Quantum Simulation and Computation Group at the National University of Singapore’s Centre of Quantum Technologies, two quantum experiments using real consumer behavioral data from Kantar’s panels were conducted during the last 6 months.

Experiment 1: Customer segmentation using quantum machine learning

In the first experiment, the goal was to develop quantum-inspired machine learning segmentation algorithm that exploits the concept of quantum interference and work in the classical hardware to improve the results of the current machine learning approach. Comparing the traditional technique with a quantum and a quantum genetic algorithm developed for this experiment, we observed that the Quantum versions showed better results.

Experiment 2: Customer Segmentation based on Media consumption patterns using an IBM quantum computer

The objective of this experiment was to establish the feasibility of using a quantum computer to address a real-life segmentation problem. The quantum algorithm was run using 2 qubits on the IBM’s 5-qubit quantum computer. 4 relevant consumer segments were identified. Next steps in our research will be about proving the superiority of the quantum approach and explore the potential of more advanced quantum hardware.

“In the field of Data Science, it is always crucial to be aware of the new techniques and methodologies in order to stay relevant and have that competitive edge. By venturing into Quantum field early and experimenting with different Quantum machine learning techniques, we hope to have an early mover advantage that could bring great business value in the long run,” commented Shilpa Jain, Principal Data Scientist, Kantar Brand Growth Lab.

“With the support of EDB, the Lab keeps on researching and developing advanced analytics solutions to help institutions and corporations maximize the productivity of their efforts. The post COVID-19 economy requires a new level of innovation and in today’s data-driven economy, AI will play a key role,” added Yee Mei Chan, co-managing director of the Kantar Brand Growth Lab.

About Kantar

Kantar is the world’s leading evidence-based insights and consulting company. We have a complete, unique and rounded understanding of how people think, feel and act; globally and locally in over 90 markets. By combining the deep expertise of our people, our data resources and benchmarks, our innovative analytics and technology, we help our clients understand people and inspire growth.

Further information about Kantar can be found at www.kantar.com

Twitter: Facebook: LinkedIn

Logo – https://photos.prnasia.com/prnh/20190611/2492962-1logo?lang=0

Related Links :

http://www.kantar.com

PR Newswire

Save on Aqara smart home products with 30% Off during Aqara’s Father’s Day Sale

Leave a comment

NEW YORK, June 20, 2020 — With Father’s Day rapidly approaching, Aqara wants to improve the comfort and safety of your home by providing smart devices that will make your home more efficient and secure. As part of our Father’s Day Sale, Aqara is offering a wide range of sensors and controllers with 30% Off on its Amazon store. An Aqara Hub is required which you can purchase with $10 Off during its Father’s Day Sale.

The Aqara Motion Sensor: Whenever unexpected motion is detected, the Aqara Motion Sensor will send an alert to your phone and activate the local alarm sound on Aqara Hub The Aqara Motion Sensor can be set to trigger the Aqara Hub alarm or other connected devices such as the Aqara smart plug when movements are detected.

The Aqara Water Leak Sensor: Whenever the Aqara Water Leak Sensor detects water, it can send an alert to your phone and activate the local alarm on the Aqara Hub to prevent leaks and flooding.

The Aqara Door and Window Sensor: Whenever the door/window opens unexpectedly, the Aqara Door and Window Sensor will send an alert notification to your phone and activate the local alarm on the Aqara Hub.

The Aqara Temperature and Humidity Sensor: When the room temperature reaches above or below a certain threshold, the Aqara Temperature and Humidity Sensor can send a push alert to your phone or trigger the Aqara Hub night light.

The Aqara Vibration Sensor: Whenever the Aqara Vibration Sensor detects unexpected vibration, it will send alerts to your phone or activate the local alarm on the Aqara Hub.

The Aqara Cube: Use 6 gestures to control your home. Push, shake, rotate, tap twice, flip 180°, or flip 90° to set home automation and control programmable functions, such as turning on/off a device, activating a scene, etc.

The Aqara Wireless and Mini Switch: A wireless versatile remote to control your smart home devices with 3 Control Settings. Set single press, double press, and long press to control programmable functions, such as turning on/off a device, activating a scene, etc.

The Aqara Smart Plug: The Aqara Smart Plug enables you to remotely control lights, fans, and other ordinary appliances from your smart phone.

For more information on use cases please follow Aqara’s website and social media channels.

Use code AQARAOMA for 30% off.

PR Newswire

KLEVV is Launching the Latest SSD Lineup: NEO N610 2.5″ SATA & CRAS C710 M.2 NVMe SSDs

Leave a comment

HONG KONG, June 20, 2020 — KLEVV, an emerging memory brand introduced by Essencore, announced the launch of two new products, the NEO N610 2.5″ SATA 6Gb/s SSD, and the CRAS C710 M.2 NVMe SSD. The next-generation solid-state drives are available in enhanced capacities of up to 1TB, offering accelerated system speeds while maintaining core stability. The introduction of these two new KLEVV SSDs is to provide an even more compelling SSD choice for users looking for rock-solid reliability and fast speeds for a wide range of uses.

NEO N610 2.5″ SATA 6Gb/s SSD: A Perfect Combination of Performance, Reliability, and Stability

KLEVV NEO N610 2.5" SATA SSD
KLEVV NEO N610 2.5″ SATA SSD

The NEO N610 2.5″ SATA 6Gb/s SSD features latest 3D TLC NAND and a 4-channel controller IC, which increases the amount of data that can be transmitted at any given time. Different from other KLEVV 2.5″ SSDs, NEO N610 provides an embedded DRAM buffer that enhances runtime performance while also extends the lifespan of the drive. It comes further equipped with a powerful LDPC ECC engine, an intelligent SLC caching algorithm, S.M.A.R.T. (self-monitoring, analysis, and reporting technology), over-provisioning, bad block management, and Global Wear Leveling technology. All of which combine to optimize performance, durability, reliability, and data integrity. The new NEO N610 SATA SSD comes in three capacities: 256GB, 512GB, 1TB, while delivering sequential read/write speeds of up to 560/520 MB/s, catering to customers with varied efficiency needs.

CRAS C710 M.2 NVMe SSD: Built for Gamers & Enthusiasts

KLEVV CRAS C710 M.2 NVMe SSD
KLEVV CRAS C710 M.2 NVMe SSD

Also offered in 256GB, 512GB and 1TB using 3D TLC NAND, the CRAS C710 M.2 NVMe SSD adopts PCIe Gen3 x4 interface supported by NVMe 1.3 technology. Which provides a sequential read speed of up to 2100 MB/s and a sequential write speed of up to 1650 MB/s, while retaining legacy technology to ensure stable performance even at high processing speeds, making it ideal for gaming or image processing. Optimized technologies include a thermal throttling algorithm to protect SSD integrity, SRAM error detection and correction, and CRC parity for end-to-end data path protection. In addition, the CRAS C710 shares all the essential functions that make KLEVV drives reliable, such as LDPC ECC technology, SLC caching, S.M.A.R.T. and Global Wear Leveling.

Responding to the Market with Additional Data Backup Software for Peace of Mind

By making customer service a top priority, Both CRAS C710 & NEO N610 have gone through KLEVV’s rigorous in-house examination process, and come with a five-year limited warranty as standard.  Further to that, KLEVV has improved user experience by providing complimentary Acronis® True Image™ HD 2018 software activation key, which gives users full disk-image backup access and universal restore functions for a seamless data transfer experience. Additional Acronis Active Protection function against ransomware is also available to help protect valuable data from this nefarious & modern data threat.

KLEVV products are distributed by PT CAHAYA DISTRIBUSI NUSANTARA in Indonesia.  All lineups are also available at online channels including Enter Komputer, tokopedia, Bukalapak, and Shopee.

Find out more about the full range of Essencore/KLEVV products at: http://www.essencore.com/ and http://www.klevv.com.

About Essencore

Established in 2014, Essencore Limited, a company founded by a group of key figures from the major memory IDMs, aims to become the world’s top vendor of DRAM modules and NAND flash application products. The company started with one goal: to “Change the world and be a leader in semiconductor distribution”. The business strategies of Essencore is to adopt the newest technologies to differentiate ourselves in front of customers from competitors, deliver dedicated Memory products, and offer various product portfolio for customer’s competition readiness. For more information, please visit www.essencore.com.

About KLEVV

KLEVV, is a premium brand of Essencore, the major Module and NAND Flash application product vendor. The KLEVV range includes gaming memory modules, microSDs, USB flash drives, and solid state drives. KLEVV is committed to delivering world-class products with first-rate quality. All products are designed in South Korea, home of the world’s top two largest memory IDMs. KLEVV memory has been recognized by Germany’s Red Dot Design Award in 2015 and 2019. For more information, please visit www.klevv.com.

Photo – https://photos.prnasia.com/prnh/20200407/2771158-5-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200407/2771158-5-b?lang=0

Related Links :

http://www.essencore.com/

http://www.klevv.com

PR Newswire

SmartSens Completes Acquisition of Allchip Microelectronics, Extending Imaging Leadership to Automotive Market

Leave a comment

SHANGHAI, June 20, 2020 — SmartSens Technology today announced its completed acquisition and merger with Shenzhen-based Allchip Microelectronics — a specialist in CMOS image sensors for automotive applications.

SmartSens acquires Allchip Microelectronics
SmartSens acquires Allchip Microelectronics

 

Allchip focuses on the design and development of CIS video sensing technologies. Its products, which include a series of SOC image sensors, have been widely deployed in automobile cameras and other miniaturized video surveillance applications.

* Allchip moved to new SmartSens Shenzhen R&D Center located at Shenzhen Longgang District in June!

New SmartSens Shenzhen R&D Center
New SmartSens Shenzhen R&D Center

 

Celebrating the R&D Center opening in the Longgang District
Celebrating the R&D Center opening in the Longgang District

 

“The increasing adoption of image sensors in automobiles has brought new momentum to the imaging market. According to a projection by research firm Yole Développement, the volume of camera modules in the global automobile market will exceed US$8B by 2025. Our acquisition of Allchip Microelectronics is a strategic move for SmartSens that will significantly broaden our leadership and capacity in addressing this market,” said Dr. Richard Xu, Founder and CEO of SmartSens. “Our combined advantage — utilizing shared resources and technologies — will deliver a true win-win for us and our customers, for years to come.”

“We are thrilled to be part of the SmartSens family. We share the same set of core values, which emphasize the pursuit of technology innovation in service of our customers’ needs. We look forward to combining Allchip’s technical know-how in the automotive industry with SmartSens’ excellent business channel to successfully launch class-leading products for Automotive ADAS systems and other smart sensing applications,” said Mr. Mike Hu, current VP of Technology at SmartSens and former CEO of Allchip.  Mr. Hu is a veteran in CMOS image sensor field since his key role in BYD Microelectronics time as the Chief Technology Officer back in ten years ago.

SmartSens expects its acquisition and integration of Allchip further improve its cost structure and competitiveness in the automotive market while accelerating its innovation in smart car CIS solutions.

About SmartSens Technology Co. Ltd.

Founded in 2011, SmartSens Technology Co. Ltd. is a leading supplier of high-performance CMOS imaging systems worldwide and a forerunner in the video surveillance industry. Its products are widely used in the fields of vehicle-mounted imaging, machine vision and consumer electronics (sports cameras, drones, robot cleaners, smart home cameras, etc.). With research centers based in Shanghai and Beijing among others, the company focuses on providing future-oriented solutions and market-leading products. Coupled with cutting-edge technology and innovation, SmartSens is the industry’s first ever company to introduce the global shutter CIS sensors based on voltage domain architecture and stack BSI process. Since its founding, SmartSens has been committed to providing customers with high-quality smart sensors. Learn more at SmartSensTech.com.

 
PR Newswire

Huawei Launches FusionServer Pro V6 Intelligent Server Based on the 3rd Gen Intel Xeon Scalable Processor

Leave a comment

SHENZHEN, China, June 19, 2020 — Today, the Huawei Computing Product Line officially released the latest member to their family – the next-generation FusionServer Pro V6 intelligent server. This product is a state-of-the-art technology running on the 3rd Gen Intel Xeon Scalable processor and designed to unlock powerful computing for any system.

Figure 1 FusionServer Pro 2488H V6 intelligent server
Figure 1 FusionServer Pro 2488H V6 intelligent server

The 3rd Gen Intel Xeon Scalable processor supports standard and custom configurations that scale from 4 to 8 sockets. The next-generation Intel processor is embedded in the FusionServer Pro 2488H V6, the latest Huawei 4-socket rack server that provides diverse storage designs and I/O scalability, and supports the Intel Optane persistent memory (PMem) 200 series.

The FusionServer Pro 2488H V6 intelligent server is optimized to meet both conventional of today, and the digital workloads of tomorrow. It provides the industry’s more reliable computing and storage architectures, allowing you to simplify your networks with intelligent acceleration and management. The highlights of the architecture are listed below:

  • Four 3rd Gen Intel Xeon Scalable processors offer a maximum power consumption of 250 W. Running on the Intel Deep Learning Boost (DL Boost) technology that supports bfloat 16 (BF16), the 3rd Gen Intel Xeon Scalable processor delivers up to 93% higher training and 90% higher inference performance than its predecessor (FP32).
  • Configured with Intel Optane PMem, the FusionServer Pro 2488H V6 has a maximum memory capacity of 18 TB, boosting memory capacity and data reliability in memory computing scenarios and providing more VM memory options for virtualization scenarios.
  • SAS, SATA, and NVMe SSDs can be combined for tiered data deployment, enhancing storage density and performance.
  • Hot-swappable OCP 3.0 NICs support more network requirements.
  • Wi-Fi function and USB Type-C management port help improve the efficiency of mobile terminal management and local operation and maintenance (O&M).
  • GPU accelerator cards of various specifications unleash abundant computing power, supercharging AI analysis, inference, and training.
  • Fault Diagnosis & Management (FDM) is an in-house developed diagnosis technology that predicts a fault 7 to 30 days in advance, with a fault locating accuracy of up to 93%; and the Huawei-patented Dynamic Energy Management Technology (DEMT) helps a single server consume 15% less power without compromising its performance.
  • Full-lifecycle management software FusionDirector and intelligent O&M platform AIOps reduce OPEX by 15% and streamline data center management with five intelligent monitoring features.

Huawei’s next-generation servers are designed to meet diversified enterprise requirements in an energy-efficient and cost-effective manner. The industry-leading Huawei servers provide intelligent management and high energy efficiency to reduce O&M costs, making them a must-have in the digital age.

The 2019 Gartner report on the global server market recently confirmed the growing market strength of Huawei. Huawei shipments of 4-socket rack servers amounted to 670,000 last year, ranking third in the global market with a year-on-year growth of 14.73%. In particular, the Huawei 4-socket rack server topped the market in terms of global shipments and sales.

Figure 2 Huawei ranked No. 1 globally in shipments and sales of x86 4-socket rack servers for 2019
Figure 2 Huawei ranked No. 1 globally in shipments and sales of x86 4-socket rack servers for 2019

2019 was a success for Huawei Computing domain. In particular, the success of Huawei 4-socket servers in the global market was evidence of Huawei’s dedication to high-quality and high-value solutions. Thanks to the ceaseless innovation of basic technologies and architectures, Huawei has long been a major provider of mission-critical computing platforms that feature high reliability, high performance, and intelligent O&M. Kenneth Zhang, President of FusionServer SPDT, Huawei, announced the triumph of this launch, saying, ”The next-generation FusionServer Pro V6 intelligent server also marks a milestone of the successful collaboration between Intel and Huawei.”

He also stressed that the milestone was a result of strategic investment and partnerships. “Every year more enterprises are moving to a digital framework for this business, and this trend is causing increasingly complex and changing service loads. As a result, enterprises must find efficient and intelligent compute services offering intelligent awareness and acceleration, as well as hardware offering intelligent O&M, to supercharge their mass services.” He said, “This is the background that Huawei has launched the intelligent server series. Huawei is a global strategic partner of Intel and together, we innovate intelligent data center infrastructure solutions. Our commitment toward our internal R&D investment is matched with our desire to collaborate with Intel and many ecosystem partners. The ultimate goal is to provide our customers across the world with efficient and agile computing products, enabling them to meet the computing requirements of cloud, big data, and AI, and fueling their intelligent transformation in the digital age.”

“Servers based on the 3rd Gen Intel Xeon Scalable platform, such as Huawei’s FusionServer Pro 2488H V6, accelerate customers’ insights and fuel their mission-critical digital services,” said Lisa Spelman, Corporate Vice President and General Manager of the Xeon and Memory Group at Intel. “With high performance, built-in AI acceleration, and massive memory capacity, these new platforms will rise to even the largest data and analytics challenges.”

Intel, the Intel logo, Xeon, and Optane are trademarks of Intel Corporation or its subsidiaries.

–End–

About Huawei

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world.

Huawei’s end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.

At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. We have more than 194,000 employees, and we operate in more than 170 countries and regions. Founded in 1987, Huawei is a private company wholly owned by its employees. For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei 
http://www.twitter.com/Huawei 
http://www.facebook.com/Huawei 
http://www.youtube.com/Huawei 

Photo – https://photos.prnasia.com/prnh/20200619/2836103-1-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200619/2836103-1-b?lang=0