Category Archives: PR Newswire

PR Newswire

THE FUTURE OF NON-TERRESTRIAL INFRASTRUCTURE: SCEYE DEMONSTRATES BREAKTHROUGH DIURNAL FLIGHT IN THE STRATOSPHERE WITH RENEWABLE ENERGY

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ROSWELL, N.M., Aug. 19, 2024 /PRNewswire/ — Sceye, an aerospace company with a background in material science and manufacturer of High-Altitude Platform Systems (HAPS), announced today that it completed a full diurnal flight in the stratosphere while staying over an area of operation. This is a critical milestone towards long-duration flights of months or years by using of solar power through daylight hours, and battery capacity enabling overnight flight through solar recharge the next morning. The HAPS launched at 7:36 AM MST on August 15th from the company’s New Mexico facility and landed at 12:21 PM MST the following day after the flight test points were completed.

THE FUTURE OF NON-TERRESTRIAL INFRASTRUCTURE: SCEYE DEMONSTRATES BREAKTHROUGH DIURNAL FLIGHT IN THE STRATOSPHERE WITH RENEWABLE ENERGY
THE FUTURE OF NON-TERRESTRIAL INFRASTRUCTURE: SCEYE DEMONSTRATES BREAKTHROUGH DIURNAL FLIGHT IN THE STRATOSPHERE WITH RENEWABLE ENERGY

“This is a significant milestone for the Sceye team, towards opening up vast opportunities in the stratosphere, building an entirely new layer of infrastructure between drones and satellites,” said Sceye CEO and Founder, Mikkel Vestergaard Frandsen. The ability to stay in the stratosphere for long durations over an area of operation offers a unique vantage point for detecting climate disasters in real time like wildfires and methane leaks, as well as connectivity to the billions of unconnected which conventional infrastructures cannot serve.

Today’s launch furthered all key stratospheric objectives of the Sceye 2024 test program, including demonstrating diurnal flight, controlled relocation, and the ability to stay over an area of operation. The completion of these objectives will allow Sceye to initiate commercial use cases.

“The flight was an important demonstration of our platform’s performance and resilience. I’m looking forward to seeing the growth and capabilities scale with each and every flight that follows,” said Stephanie Luongo, Sceye Chief of Mission Operations.

Sceye has completed twenty test flights, with two additional test flights planned for 2024, further maturing the platform in preparation for commercialization.

The flight carried an advanced payload suite consisting of instruments for addressing some of humanity’s  most critical issues : stereo-optical cameras, for creating precise elevation models used to understand disasters such as floodings and earthquakes and how to mitigate them; infrared cameras to allow for prediction and detection of wildfires and to detect methane leaks in real time, representing two significant sources of global warming. The payload also included synthetic aperture radar that allows the platform to see through clouds and observe the planet’s most vital systems in any weather and time of day.

About Sceye

Sceye is an aerospace company founded in 2014 to unleash the possibilities in the stratosphere by uplifting and connecting all people and protecting our planet. The company is leading the industry of High-Altitude Platform Systems (HAPS) to provide universal and equitable connectivity, improve climate change monitoring, natural resource stewardship, wildfire detection and better detect and contain disasters before they spiral out of control.

Press Inquiries:
Kristian Ullum Vind
press@sceye.com

PR Newswire

HYPERLIVE ENTERTAINMENT AND SUNSTRONG ENTERTAINMENT FORGE STRATEGIC PARTNERSHIP TO ELEVATE EVENTS AND NURTURE TALENT

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KOTA KINABALU, Malaysia, Aug. 17, 2024 /PRNewswire/ — HyperLive Entertainment and SunStrong Entertainment are thrilled to announce a strategic partnership that aims to elevate events to new heights, providing incredible opportunities for talented individuals to shine and build their personal brands. This collaboration marks a significant milestone in the entertainment industry, uniting two powerhouses dedicated to creating unforgettable experiences and nurturing emerging talent.


This partnership presents individuals with passion, talent, and drive an exceptional chance to become the next star in the entertainment industry. With numerous upcoming events, emerging talents will have ample opportunities to be discovered and begin their journeys in entertainment. Audiences and aspiring artists alike should stay tuned for the exciting projects on the horizon.

HyperLive Entertainment, owner of the licensed Over-The-Top (OTT) platform HyperLive TV, is at the forefront of digital and live entertainment, known for its cutting-edge technology and immersive experiences. Specializing in live streaming and interactive media, HyperLive connects talent with global audiences, creating unforgettable moments and opportunities for rising stars.

SunStrong Entertainment, founded by entrepreneur, Mr. Jment Lim, is renowned for its innovative productions and dedication to nurturing talent. With a diverse portfolio spanning music, film, and live events, SunStrong consistently delivers top-tier entertainment experiences to audiences worldwide.

The synergy between HyperLive Entertainment and SunStrong Entertainment promises to revolutionize show production and talent development. This partnership will provide regional platforms for influencers, beauty queens, and performing arts talents to gain significant exposure and opportunities to build their personal brands.


As the Major Supporting Partner of the recently completed Miss World Beauty With A Purpose Tour in Sabah, SunStrong Entertainment played a crucial role in supporting various charity activities. These activities were participated in by Mrs. Julia Morley CBE, CEO and Chairman of the Miss World Organization, the reigning Miss World 2024 Krystyna Pyszkova, and Miss World Malaysia 2023 Saroop Roshi, and were aimed at aiding underprivileged individuals, children in need, and disadvantaged families. Committed to the mission, SunStrong generously donated RM 50,000 to support Yayasan Nur Jauhar’s charity initiatives. The cheque presentation ceremony was held at the Sabah State Palace, with Guest of Honour Yang Amat Berbahagia Toh Puan Datuk Seri Panglima Hajah Norlidah Binti Tan Sri R.M Jasni, The Consort of The Head of State of Sabah and Adviser to Nur Jauhar Foundation, along with Brig Gen Datuk Haji Al Hambra Tun Juhar, Deputy Speaker of the State Legislative House and Chairman of Nur Jauhar’s Foundation.

Upcoming collaborative events include the Miss Grand Malaysia 2024 Grand Finals, co-organized by both companies and scheduled for 22 August 2024 at the Galaxy Banquet Hall, HGH Convention Centre in Kuala Lumpur. The event will feature the reigning Miss Grand International 2023, Luciana Fuster, as a special guest, elevating the pageant to new heights and attracting global attention.

Later this year, HyperLive Entertainment will host its inaugural HyperLive TV Influencer Festival and Awards in Sabah. This event will bring together content creators and influencers from across Asia, featuring a phygital livestream festival, networking sessions, influencer workshops, and an awards ceremony. As the Main Presenter, SunStrong Entertainment will work with HyperLive to nurture talent and connect businesses with regional content creators and livestreamers.

Towards the end of the year, HyperLive Entertainment will produce the highly anticipated Miss World Malaysia Grand Finals in Sabah. This event will be produced as a six-episode reality series, showcasing the finalists’ talents. SunStrong Entertainment will again be the Main Presenter, providing new opportunities for the beauty queens to venture into the entertainment industry.

Dr. Sean Wong, CEO of HyperLive Entertainment, expressed his excitement about the partnership, saying, “We are thrilled to partner with SunStrong Entertainment to bring our events to greater heights. This collaboration will open doors for countless talented individuals, providing them with platforms to shine and make a significant impact. Together, we will nurture the next generation of stars.”

Mr. Jment Lim, Founder of SunStrong Entertainment, shared his enthusiasm, stating, “SunStrong Entertainment is excited to join forces with HyperLive Entertainment. Our shared vision of supporting and developing talent aligns perfectly, and we look forward to making a positive difference in the entertainment industry. Through our collaborative efforts, we aim to inspire, uplift, and provide unparalleled opportunities for emerging talents.”

Stay tuned for more updates on these exciting projects. For more information, please visit their official websites:

HyperLive Entertainment – www.hyperlive.tv 

SunStrong Entertainment – www.sunstrongentertainment.com 

PR Newswire

LILYSILK Partners with Leading Nonprofits to Celebrate National Nonprofit Day, Empowering Communities and Promoting Sustainability

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NEW YORK, Aug. 17, 2024 /PRNewswire/ — LILYSILK celebrates its 14th anniversary and Brand Month this August and proudly commemorates National Nonprofit Day on August 17 by announcing two new partnerships with the World Woman Foundation and I Support The Girls. Additionally, LILYSILK continues its collaboration with longstanding partners, including National Breast Cancer Foundation®, Baby2Baby, and One Tree Planted, demonstrating a sustained commitment to community support and environmental sustainability.

National Nonprofit Day serves as a reminder of the collective efforts of individuals and organizations to create a more equitable and compassionate world, highlighting the critical role in addressing societal issues, promoting social justice, and providing essential services to those in need.

Credit: I Support The Girls
Credit: I Support The Girls

LILYSILK is thrilled to partner with the World Woman Foundation as their sustainable fashion partner. This collaboration aims to empower women across North America and Europe by promoting sustainability and leadership through the use of sustainable silk products.

“We are thrilled to partner with LILYSILK, a brand that shares our commitment to sustainability and women’s empowerment,” said Rupa Dash, CEO of the World Woman Foundation. “This partnership is a significant step towards creating a more sustainable future while uplifting women worldwide.”

LILYSILK proudly supports I Support The Girls (ISTG) by donating over US$8,000 worth of bras to promote dignity for all. Dana Marlowe, founder and Executive Director of ISTG, expressed enthusiasm for the partnership: “LILYSILK’s generous donation enables us to support hundreds of individuals in need.” ISTG collects and distributes essential items to women experiencing homelessness and distress, fostering dignity and confidence.

Since 2022, LILYSILK has been a steadfast supporter of National Breast Cancer Foundation®, contributing over US$5,000 and US$43,000 worth of eye masks to aid women undergoing breast cancer treatment.

LILYSILK continues its support for Baby2Baby, helping the organization continue to provide essential items like diapers. In celebration of Mother’s Day this year, LILYSILK helped Baby2Baby distribute 250,000 diapers to mothers and their babies. Additionally, in 2023, LILYSILK partnered with One Tree Planted to plant 35,000 trees in Brazil and Mexico, reaffirming their commitment to sustainability and reforestation efforts.

“We express our deepest gratitude to our nonprofit partners who enable us to make a positive impact,” said David Wang, CEO of LILYSILK. “By collaborating with nonprofits, we underscore our commitment to sustainability and community empowerment.”

PR Newswire

ViewSonic Unveils New M1X & M1S Projectors: Achieve Perfect Projection Anywhere with Ease

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BREA, Calif., Aug. 16, 2024 /PRNewswire/ — ViewSonic Corp., a leading global visual solutions provider, has announced the launch of the latest M1X and M1S portable projectors. Building on the signature designs of the ViewSonic M1 series, the new M1X and M1S projectors feature a patented 3-in-1 smart stand, enabling 360-degree vertical projection. These projectors also come upgraded with comprehensive horizontal & vertical keystone correction, allowing for side projection and enhanced setup flexibility. With Harman Kardon speakers and a built-in battery, these models ensure continuous entertainment experiences in both indoor and outdoor environments. 


ViewSonic M1X & M1S | Portable LED Projector | Surprises at Every Turn

“We’ve observed consumers’ evolving lifestyles, with a greater demand for dynamic visual experiences and on-the-go convenience,” said Dean Tsai, General Manager of Projector & LED Display Business Unit at ViewSonic. “When we launched the first-generation M1 in 2019, we’ve consistently received positive feedback from the market. Now, as part of our commitment to innovation and user focus, we’re excited to launch the new M1X and M1S projectors. Designed with user convenience in mind, these new models enhance setup possibilities with upgraded features, delivering a more versatile audiovisual experience for entertainment anywhere.”

Perfect and Effortless Projection in Any Setting

The M1X and M1S portable projectors feature a patented 3-in-1 smart stand, along with auto vertical keystone correction, enabling users to effortlessly project content onto ceilings, walls, or any other surface, offering 360-degree projection possibilities. With the newly added horizontal keystone correction and 4-corner adjustment, users can project perfectly shaped images even when the projector is positioned at a side angle. Whether placing the projector on the nightstand beside your bed or near the patio in the backyard, the M1X and M1S can easily provide cinematic enjoyment anywhere.

On-the-Go Entertainment with Reliable Audiovisual Performance 

Thanks to the integrated Harman Kardon speakers, users can enjoy high-quality, room-filling audio with the palm-sized projector for an immersive experience. The projectors also come with Cinema SuperColor+ technology, delivering a 125% Rec.709 color gamut for vivid and lifelike visuals. With a lightweight design of less than 1 kg, the projectors feature an embedded battery and power bank compatibility. This enables users to take them anywhere and easily transform any indoor or outdoor space into a big-screen entertainment hub.

Seamless Connectivity with Your Favorite Streaming Devices   

Whether you’re gaming on a Nintendo Switch or making FaceTime calls on the latest iPhone, the M1X and M1S projectors provide seamless connectivity with a wide range of devices via USB-C. They are also compatible with popular streaming devices like Google Chromecast, Apple TV, Amazon Fire TV, and Roku players, adding convenience. The USB-A port allows for charging streaming sticks, eliminating the need for separate power adapters.

The M1X goes further with smart features like Wi-Fi screen mirroring and Bluetooth-enabled audio options, providing ultimate flexibility and convenience for all projection needs.

To learn more about ViewSonic’s latest M1X and M1S portable projectors, please visit: 

About ViewSonic

Founded in 1987 in California, ViewSonic is a leading global visual solutions provider with a presence in over 100 countries. The company leverages over 35 years of expertise in visual technology to deliver a comprehensive portfolio of hardware, software, content, and services. ViewSonic offers a wide range of products, with screen sizes spanning from 5 inches to a massive 760 inches. This includes interactive displays, large format displays, LED displays, pen displays, monitors, projectors, SaaS, AI services, interactive content, and more. This innovative ecosystem empowers education, workplaces, and individuals to foster creativity, collaboration, and seamless learning. ViewSonic focuses on designing products that deliver optimal performance and customer satisfaction while integrating sustainable production practices and upholding comprehensive environmental, social, and governance standards. The company’s goal is to enable customers to “See the Difference”. Learn more at www.viewsonic.com. 

ViewSonic Unveils New M1X & M1S Projectors: Achieve Perfect Projection Anywhere with Ease
ViewSonic Unveils New M1X & M1S Projectors: Achieve Perfect Projection Anywhere with Ease

Source: ViewSonic Corp.

PR Newswire

Dassault Systèmes, Siemens, and ABB Take the Lead in ABI Research’s Robotics Offline Programming Software Competitive Ranking

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NEW YORK, Aug. 14, 2024 /PRNewswire/ — Offline Programming (OLP) software is the key to unlocking the value of automation across all industrial market verticals. The new Competitive Assessment by global technology intelligence firm ABI Research has evaluated and ranked the software offerings of the 13 major software vendors within the robotics offline programming space to accurately judge software’s capabilities for supporting industrial robot deployments.

“The robotics industry relies on offline programming software to democratize automation while enabling dynamic workflows to allow decision makers to rapidly re-task robots for managing the production of heterogeneous products. Analytics and optimization features of software offerings both maximize productivity and create transparency, enabling broad stakeholder tie-ins. Further, intuitive interfaces allow workers to program robots without prior coding knowledge,” explains George Chowdhury, Robotics Industry Analyst at ABI Research.

The companies featured in this ranking range from century-old manufacturing giants to innovative upstarts:

Market Leaders: Dassault Systèmes, Siemens, ABB
Mainstream: Cenit, EKS InTec, MathWorks
Followers: Artiminds, Hexagon, RoboDK, KUKA, Robotmaster, FANUC

“Perhaps counterintuitively, software is the most important facet of robotics,” Chowdhury says. “Offline programming is the technology that will drive robotics uptake across many new industries. Software is also a vital aspect of industrial manufacturing. Robotics OLP software can be seen as the vehicle for innovation in manufacturing verticals—well-established manufacturing industries are generally wary of letting nascent technologies such as Artificial Intelligence (AI) loose on their industrial robots. Simulation in the form of programming software assuages stakeholder concern by demonstrating and quantifying the value of innovation prior to deployment.”

Quantified metrics include an investigation into product features, including Flexibility and Ease of Use; Compatible Data Formats for import and export; Interfacing Capabilities and software and hardware interoperability; Post-Sale Support and PLM; ease of deployment; time to value; and the inclusion of advanced features such as AI and Virtual Reality (VR). Some of the most advanced innovators in the space were ABB and Dassault Systèmes.

ABB’s offering, RobotStudio, demonstrates AI augmentation and cloud collaboration capabilities for industrial robots. Dassault Systèmes—controlling a comprehensive software portfolio—provides unmatched dynamic and flexible PLM for creating versatile automated workflows ideal for the manufacture of high-mix goods.

Siemens’ powerful implementation capabilities earned it the top implementer spot in the competitive ranking.  Siemens leverages deep systems integration knowledge for solutions, focusing on virtual commissioning and the streamlined deployment and monitoring of robots for industrial applications.

Understanding of the simulation market that supports robot deployments is critical to achieving further uptake and greater market penetration for robotics stakeholders. “Supporting digital infrastructure that streamlines automation deployments and optimization while furthering accessibility to emerging technology will play an increasingly important role in the decades ahead. All automation stakeholders would do well to understand vendor offerings and the advantages they confer thoroughly,” Chowdhury concludes.

These findings are from ABI Research’s Offline Programming for Robotics Software in Industrial Manufacturing competitive ranking report. This report is part of the company’s Industrial, Collaborative & Commercial Robotics research service, which includes research, data, and ABI Insights. Competitive Ranking reports offer a comprehensive analysis of implementation and innovation strategies to provide unparalleled insight into a company’s performance and standing compared to its competitors.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info: 

Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com

PR Newswire

LG’S ‘ESTATE OF SURVIVAL’ TO LAUNCH ON PRIME VIDEO VIA PRIME VIDEO DIRECT AND LG CHANNELS

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New Reality Competition Series Introduces a Smarter Home Lifestyle With LG Electronics, the Most Reliable Line of Home Appliances in the United States

SEOUL, South Korea, Aug. 13, 2024 /PRNewswire/ — LG Electronics (LG) is set to launch its episodic original series, Estate of Survival, on Prime Video via Prime Video Direct in nine countries, including the U.S., Canada, Argentina and Chile [1] as well as LG Channels.

LG Electronics (LG) launches its episodic original series, Estate of Survival, on Prime Video via Prime Video Direct. The new series will introduce viewers to a wide range of sophisticated LG's home appliances.
LG Electronics (LG) launches its episodic original series, Estate of Survival, on Prime Video via Prime Video Direct. The new series will introduce viewers to a wide range of sophisticated LG’s home appliances.

This brand-new series, which features six exciting episodes, follows the residents of the Estate of Survival mansion as they compete against each other in a variety of challenging missions. By completing these missions, contestants earn home appliances and other items to furnish the spacious abode and, just as importantly, avoid elimination. The last resident standing wins the Estate of Survival ultimate prize: USD $100,000.

In Estate of Survival, contestants compete to acquire household goods, including LG ThinQ™-enabled appliances. LG’s appliances are designed to provide exceptional customer experiences and deliver the next-level convenience of the company’s smart lifestyle vision – the Zero Labor Home. Trusted by consumers worldwide, LG has been named the most reliable appliance brand in the U.S. by a leading consumer publication.[2]

“An engaging and highly-entertaining new reality competition show with a unique premise, Estate of Survival is the ideal platform for showcasing the latest lifestyle innovations from LG, America’s most reliable line of home appliances,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company.

The new series will introduce viewers to a wide range of sophisticated LG home appliances, including the InstaView™ refrigerator with LG’s exclusive Craft Ice™ (slow -melting, round ice), the wall oven and induction cooktop range featuring the Scan-to-Cook function, the Smart Top Control Dishwasher with 1-Hour Wash & Dry, QuadWash® Pro, TrueSteam® and Dynamic Heat Dry™, the CordZero™ stick vacuum and the PuriCare™ air purifier.

Once appliances are installed, contestants enjoy a multitude of time-saving benefits, from washing and drying a load of laundry in under two hours with the LG WashCombo™ All-in-One laundry solution, to faster cooking and clean up with LG ovens’ Scan-to-Cook and EasyClean™ features. Scan-to-Cook allows users to send the optimal cooking settings for select frozen meals straight to the oven simply by scanning the barcode on the product packaging.

Always seeking new ways to make the home appliance customer experience even better, LG developed ThinQ Care™, which provides helpful alerts to prevent incorrect appliance usage and smart diagnosis to reduce the need for costly and inconvenient service technician visits.

The first two episodes of Estate of Survival will arrive on Prime Video via Prime Video Direct in the U.S. on August 12 and in several other countries soon after. LG TV owners will be able to enjoy the series for free on-demand via LG Channels – the company’s free, premium streaming service – in more than 9 countries, including the U.S., Canada, Mexico and Australia.[3]

The series will also stream on LG Channels Showcase (Channel ), LG’s first curated channel featuring fan-favorite movies and LG exclusives. Two episodes will premiere back-to-back weekly on Monday nights, starting Monday, August 12 at 8pm EST.

[1] Estate of Survival is set to launch on Prime Video in the following countries: Argentina, Brazil, Canada, Chile, Ecuador, Mexico, Panama, Peru and the U.S.

[2] Consumer Reports evaluates the reliability of home appliances, including refrigerators, dishwashers, over-the-range microwaves, ranges, cooktops, wall ovens, washing machines and dryers, based on the failure rate of approximately 528,800 appliances over a five-year period. LG Electronics received the highest score among all manufacturers producing all eight products under evaluation, from 2012 to 2022 in “the most reliable appliances brand”.

[3] Estate of Survival will be available to watch on LG Channels in Argentina, Australia, Canada, Chile, Colombia, Republic of Korea, Mexico, Peru and the U.S.

About LG Electronics Home Appliance & Air Solution Company 

The LG Home Appliance & Air Solution Company is a global leader in home appliances, air solutions as well as smart home solutions featuring LG ThinQ. The company is creating various solutions with its industry leading core technologies and is committed to making life better and sustainable for consumers and the planet by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit www.LGnewsroom.com.

LG Electronics (LG) launches its episodic original series, Estate of Survival, on Prime Video via Prime Video Direct. The new series will introduce viewers to a wide range of sophisticated LG's home appliances, including the InstaView™ refrigerator with LG’s exclusive Craft Ice™ (slow -melting, round ice).
LG Electronics (LG) launches its episodic original series, Estate of Survival, on Prime Video via Prime Video Direct. The new series will introduce viewers to a wide range of sophisticated LG’s home appliances, including the InstaView™ refrigerator with LG’s exclusive Craft Ice™ (slow -melting, round ice).

LG Electronics (LG) launches its episodic original series, Estate of Survival, on Prime Video via Prime Video Direct. The new series will introduce viewers to a wide range of sophisticated LG's home appliances, including the LG WashCombo™ which boasts a time-saving benefits of washing and drying a load of laundry in under two hours.
LG Electronics (LG) launches its episodic original series, Estate of Survival, on Prime Video via Prime Video Direct. The new series will introduce viewers to a wide range of sophisticated LG’s home appliances, including the LG WashCombo™ which boasts a time-saving benefits of washing and drying a load of laundry in under two hours.

Source: LG Electronics, Inc.

PR Newswire

ThroughPut.AI Unveils AI-powered Inventory Management Capabilities to Free-up Working Capital, Grow Revenue, and Expand Margins

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Revolutionary AI-based Supply Chain Decision Intelligence platform launches new inventory capabilities to identify and quantify working capital savings, while predicting and recommending opportunities to accelerate revenue and profitability

PALO ALTO, Calif., Aug. 13, 2024 /PRNewswire/ — ThroughPut Inc., the Gartner-recognized Industrial AI Supply Chain Analytics and Decision Intelligence pioneer, today announced the launch of new inventory management capabilities that empower businesses to drive higher profitability through powerful working capital spend projections, real-time inventory predictions, and dynamic rebalancing and replenishment recommendations.

The current release enables advanced visibility and actionability for businesses to manage their inventory and material movements across all their SKU’s, customers, locations, and supply chain end-points. As a result, they can increase inventory turns, ensure rapid availability of fast-moving products, and reduce safety stock and carrying costs. With these new capabilities, businesses now have the unprecedented availability to unlock capital, improve operational efficiencies, and boost margins. By leveraging ThroughPut’s patented, award-winning AI and Machine Learning supply chain decision intelligence platform on top of their existing diverse data systems, organizations of all types can rapidly pinpoint where capital allocation is insufficient, predict outcomes, and make recommendations enabling them to accelerate goods movement, revenue, and margins.

“ThroughPut.AI’s enhanced working capital management capabilities show our customers where their excess working capital lies, where their operations are underfunded, and projects how these gaps should best be optimized,” explains Seth Page, Chief Operations Officer and Head of Strategic Partnerships at ThroughPut.AI. “With advanced AI algorithms optimizing operations for financial analytics, insights, decision intelligence, and recommendations, we enable organizations to plan the best scenario for inventory spend down to the per SKU, per route, per location, per source, levels, so that they may cater to true demand at all times, whether sudden, seasonal, cyclical, or previously “unpredictable.” You can better analyze, predict and prepare for all these situations and many more by leveraging your existing diverse data systems with operational AI to achieve greater financial results.”

The new release focuses strongly on the following capabilities:

  • Projecting Working Capital Spend Optimization: Leverage powerful algorithms to identify when and where capital is unnecessarily tied-up, or where it needs to be supplemented to optimize flow of goods, cash, and profits.
  • Reducing Spend and Identifying Savings Opportunities: Identify specific SKUs on which spend can be safely reduced to enhance cost savings without compromising on product quality or service levels.
  • AI-powered Predictive Analytics: Get actionable insights, predictions and recommendations – on everything from inventory turnover rates to potential stockouts – to make proactive informed decisions that optimize inventory performance.
  • Advanced Demand Sensing: Move beyond traditional demand forecasting with stale assumptions and old data, and enable more accurate dynamic demand sensing to rapidly respond to shifts in market trends and customer priorities.

With ThroughPut’s latest release, businesses can rapidly segment their product portfolios, identify their best and worst performing products, adapt their product mix to prioritize fast-moving goods with higher contribution margins, and ensure the greater flow of goods, material, and cash.

PR Contact

Tina Jacobs

pr@throughput.ai

About ThroughPut Inc

ThroughPut.AI is a Silicon Valley-based Supply Chain AI-powered Decision Intelligence leader that puts Industrial material flow on Autopilot by leveraging existing Enterprise Data to achieve superior Business, Operations, Financial and Sustainability Results. ThroughPut improves material flow and free-cash-flow across the entire end-to-end value chain far faster than leading contemporary and legacy solutions. The founding team is led by seasoned serial entrepreneurs with real-world AI, Supply Chain, Manufacturing, Transportation and Operational experience, from the shop-floor to the top-floor, at leading Fortune 500 Industrial Companies & pioneering Enterprise Technology companies.

To learn more about ThroughPut Inc, visit our website today.

Additional Resources:

Source: ThroughPut Inc.

PR Newswire

Breaking Boundaries: Haivivi Innovates with BubblePal, Redefining Interactive Toys

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SINGAPORE, Aug. 9, 2024 /PRNewswire/ — The AI toy startup Haivivi has launched BubblePal, a groundbreaking interactive toy powered by AIGC technology—the first of its kind worldwide. This innovative product harnesses advanced AI large language model(LLM) technology to enrich children’s development and provide emotional support. BubblePal excels in multi-character interactions and multilingual communication, setting a new standard in interactive storytelling. 

Founded with a vision to create exceptional experiences for children, Haivivi traces its roots to a pivotal moment in 2017 when insights from a smart speaker revealed a child’s poignant question: “Does my mom love me?” This revelation underscored the need for technological solutions that cater to the innocent and vibrant world of children, which inspired Haivivi to pioneer delightful toys using cutting-edge AI technology. BubblePal, with its mushroom-shaped silicone design and versatile strap, adapts to various plush toys, featuring TYPE-C charging and up to 4 hours of usage time.

Empowered by advanced AI capabilities, BubblePal acts as a comprehensive “super encyclopedia,” responding to children’s inquiries and nurturing curiosity and imagination. With its LLM technology and emotion recognition algorithms, BubblePal intuitively senses children’s emotions, offering empathetic companionship through educational challenges and daily adventures.

Psychologist Lev Vygotsky’s sociocultural theory emphasizes the pivotal role of social interaction in cognitive development, particularly through meaningful communication with adults and peers. In today’s fast-paced world, BubblePal bridges this gap for working parents, ensuring consistent high-quality interaction with their children.

An outstanding feature of BubblePal is its interactive storytelling mode, where children collaborate in crafting unique narratives. Unlike conventional story players, BubblePal stimulates creativity and cultivates thinking skills, fostering positive habits and personality development.

Haivivi’s competitive edge lies in its deep understanding of children’s needs and innovative application of AI LLM technology. Led by CEO Li Yong and COO Gao Feng, veterans in internet and hardware industries, Haivivi integrates LLM technology into plush toys, ushering in a new era of intelligent educational and emotional support toys. These toys evolve with each interaction, truly embodying the ethos of “the more you engage, the more it understands.”

In less than two years in the AI toy sector, Haivivi has garnered investments from prestigious venture capital firms and industry leaders, including funds associated with luminaries like professors Gao Bingqiang and Li Zexiang.

With pioneers like Haivivi shaping the AI toy landscape, the traditional toy industry stands poised for transformative change. The future holds boundless opportunities!

Priced at $89, BubblePal is now available on Haivivi’s official website (www.haivivi.com).

Media Contact: Grace Rossi, xiaoman@haivivi.com

PR Newswire

Future FinTech Announces the Appointment of Hu Li as the New CEO

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NEW YORK, Aug. 9, 2024 /PRNewswire/ — Future Fintech Group Inc. (NASDAQ: FTFT), (hereinafter referred to as “Future FinTech”, “FTFT” or the “Company”), a comprehensive financial and digital technology service provider, today announced that its Board of Directors (the “Board”) approved the appointment of Mr. Hu Li as Chief Executive Officer (“CEO”), President and a member of the Board of the Company, effective August 5, 2024.

Mr. Li will be fully responsible for the operation and management of the Company, helping it to expand internationally, manage its investment and financing activities, and promote the Company’s continued strategic transformation and development. Mr. Li replaces Mr. Shanchun Huang as Chief Executive Officer effective August 5, 2024. Mr. Huang resigned as CEO, President and a member of the Board for personal reasons, and not because of any disagreement with the Company, its management or its directors.

Mr. Hu Li has served as a director and Chief Executive Officer of FTFT International Securities and Futures Limited, a wholly owned subsidiary of the Company since January 2024, and as Corporate Secretary of the Company since June 2019. Since September 2021, he has served as an independent Director of Shineco Inc. (Nasdaq: SISI). Mr. Li served as the chief supervisor of Anhui Yihai Mining Equipment Co., Ltd., a public company in the China NEEQ stock market (stock symbol: 831451) from February 2018 to July 2021. From September 2015 to February 2018, Mr. Li served as the Vice General Manager of Shaanxi Huipu Financial Leasing Co., Ltd. Mr. Li obtained his master’s degree in Business Administration (MBA) from Xi’an Technology University in 2008 and bachelor’s degree from Xi’an Fanyi University in 1996.

Mr. Foyou Li, Future FinTech’s Chairman of the Board, said, “Mr. Hu Li is an excellent executive, having joined the Company five years ago, and he has made many outstanding contributions during this period. Further, Mr. Li has played an important role as the Company transitioned into a fintech company with a diversified portfolio of financial services businesses. Mr. Li has accumulated deep knowledge of our new business and rich management experience during the past five years with the Company. I am very pleased that he has agreed to assume the responsibility as the Company’s new Chief Executive Officer and believe that Mr. Li will fulfill the mission of the Company and take it to new heights of achievement and success.”

Mr. Hu Li, said, “I attach great importance to this new appointment and opportunity. First of all, I would like to thank Mr. Shanchun Huang for his great contributions to the Company over the years. Future FinTech’s success and development cannot be separated from the leadership and guidance of Mr. Huang as he effectively developed our corporate structure and current positioning in the fintech industry. I plan to continue to work shoulder to shoulder with the Future FinTech team to help the Company to achieve sustainable development and accelerate the implementation of our global strategic growth plan. As CEO of Future FinTech, my mission is to lead the organization, set its goals and market strategies, and leverage my executive experience to the benefit of our customers, employees and shareholders worldwide.”

About Future Fintech Group Inc.

Future FinTech Group Inc. (NASDAQ: FTFT) is a comprehensive financial and digital technology service provider. The Company, through its subsidiaries, conducts asset management, brokerage and investment banking services in Hong Kong, operates a cross-border payment business in the United Kingdom, and engages in supply chain trading and finance businesses in China. In addition, the Company has initiated digital asset mining farm operations in the United States. FTFT adheres to the concept of improving financial services with digital and internet technology, and provides its business and individual customers with stable, safe and efficient digital financial services. For more information, please visit www.ftft.com.

Safe Harbor Statement

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2023 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Source: Future FinTech Group Inc.

PR Newswire

Glue Up Announces Strategic Partnership with Cvent to Revolutionize Community Engagement

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MCLEAN, Va., Aug. 9, 2024 /PRNewswire/ —

Glue Up, a leading provider of AI-powered all-in-one membership management solutions, is proud to announce our strategic partnership with Cvent. This collaboration establishes Glue Up as a leader in leveraging innovative technology, advancing community and event management for its 1,500+ associations, chambers, and other communities. Since 2023, Glue Up has been leveraging AI in community management to automate workflows, reduce administrative tasks, and enhance personalized campaigns and engagement, making them a top industry provider.

Glue Up’s innovative CRM can track and report all member engagement, enhancing community and events management. Through a new integration with Cvent, users can sync their events and contact data and utilize the robust platform for event marketing, registration, payment, and more. This collaboration also allows Glue Up clients to easily create small, medium or large-scale events while managing and tracking member engagements, boosting association and chamber management to a new industry level.

“Glue Up has always been at the cutting edge of innovation, and this partnership is a significant milestone in our mission to empower associations and chambers worldwide. ” said Eric Schmidt, CEO of Glue Up. “This collaboration brings major transformation in the association industry as it connects robust Glue Up capabilities with the powerful Cvent event marketing and management platform. Through this integration, we can now enable professional communities with Cvent’s user-friendly small, medium, and large-scale event and trade show tools, and Glue Up’s platform to consolidate data, manage memberships, and engage communities. This combination is set to revolutionize the association industry and bring it to a whole new standard.”

Mike Tenholder, Cvent Head of Alliance Partnerships, added, “We are thrilled to welcome Glue Up as a strategic Alliance Partner. Their commitment to innovation and enhancing user experiences complements our goal of providing best-in-class event management solutions. By integrating Glue Up’s solutions, we can offer our association clients additional tools to enrich their professional communities and streamline their membership engagement processes.”

This partnership brings significant benefits to both Glue Up’s and Cvent’s clients. Glue Up’s clients gain access to an industry-leading event management platform, while Cvent’s users can take advantage of Glue Up’s advanced membership solutions. Together, Glue Up and Cvent aim to deliver unparalleled value and transformative experiences to the association world.

CONTACT: Tiara Jing
+1 888 218 1354
social@glueup.com