Category Archives: PR Newswire

CASETiFY Expands Its Customization Studio with Updated Fonts, Texts, and Color Options


New ways to personalize CASETiFY’s most popular accessories, designed by you.

LOS ANGELES, July 21, 2023 /PRNewswire/ — Today, global lifestyle tech accessory brand CASETiFY announced updates to their ever-popular Customization Studio, giving customers additional options for personalizing their tech accessories. With brand new fonts, texts, and colors, fans can create thousands of unique designs made just for them. The CASETiFY Customization Studio is now available at casetify.com.

New ways to personalize CASETiFY’s most popular accessories, designed by you.
New ways to personalize CASETiFY’s most popular accessories, designed by you.

Joining fan-favorite layouts and designs, CASETiFY’s refreshed Customization Studio will bring endless style choices for customers to mix and match a number of backgrounds and fonts on the brand’s best-selling accessories. New graphic backgrounds include a colorful slash, checkered patterns, and dot designs, alongside gradient backgrounds in Sunset, Ocean, and Pastel colorways. In addition to the already existing fonts, the brand has introduced new typefaces including Modern, Bold, and Retro in a variety of layout options. The all-new Retro font will also be available in a special customizable layout for fans to personalize with their own monogram.

Collection images can be found HERE.

The Customization Studio will be available on CASETiFY’s signature Impact, Ultra Impact, Pillow, Clear, Leather, Mirror and Bounce Cases, available for iPhone, Samsung, and Google Pixel. Product offerings will also extend to complementary accessories made for AirPods and AirPods Pro, AirTags, Apple Watch bands, wireless chargers, PVC clutches, sling bags, water bottles, MacBook, iPad and the latest MagSafe lineup. The collection retails from $59$99 USD depending on the case model and device model selected.

The CASETiFY Customization Studio launches worldwide on casetify.com, available for purchase online, in the CASETiFY Co-Lab app (available now in the App Store), and at CASETiFY Studio locations. To learn more, visit CASETiFY.com and follow along on Instagram, Facebook, TikTok and Twitter.

About CASETiFY

CASETiFY is a global lifestyle brand and home to the first and largest platform for customized tech accessories. Created with the highest-quality materials and most cutting-edge designs, CASETiFY’s products empower self-expression by turning your personal electronics into highly designed, stylishly slim, drop-proof accessories. Known for tapping top artists, big celebrities and creatives for its Co-Lab program, CASETiFY gives brands and individuals the opportunity to share their unique visions with the world. With more than 20 retail shops and growing, CASETiFY Studio provides a one-stop, visual retail experience where customers can customize their accessories on the spot.  For more information on CASETiFY, its stores, partners and products, please visit www.CASETiFY.com.

Smart HDMI Sync Box for high-end user, Lumary launches the Imvisual HDMI Sync Kit series

LOS ANGELES, July 21, 2023 /PRNewswire/ — Lumary, a company at the forefront of innovation in the smart lighting industry, proudly announces the launch of the Lumary Imvisual HDMI Sync Kit series, which is based on HDMI synchronization box technology. This kit boasts outstanding features and a breathtaking design, offering users an unparalleled seamless fusion of lighting and imagery.

Lumary Zigbee Smart Recessed Lighting Imvisual HDMI Sync Box Kit
Lumary Zigbee Smart Recessed Lighting Imvisual HDMI Sync Box Kit

Imvisual Technology: Imvisual is an AI-powered algorithm developed by Lumary that enables real-time color synchronization between Zigbee smart recessed lights and TV backlight with your TV, computer, or projector. This innovative technology creates an immersive dynamic viewing experience, enhancing the ambiance of any room. Whether you are enjoying a movie, playing video games, or simply relaxing with friends and family, you will undoubtedly be impressed.

Lumary Imvisual HDMI Sync Kit includes 4 Zigbee smart recessed lights, an HDMI Sync box, and a 12.5ft smart TV backlight for 55-65 inch TVs. These products work together in innovative ways to elevate the home theater experience to a whole new level.

Lumary Imvisual’s core – HDMI 2.0 Sync Box, supporting 2a 240Hz high refresh rate, providing more frequent screen updates for clearer fast-action visuals. This means that when watching dynamic content such as movies, TV shows, sports events, or playing games, you’ll experience smoother and more defined motion and visuals, immersing you in a more realistic and engaging experience.  The 4K HDR technology can reproduce colors and brightness closer to the real world. It provides more details and accurate color reproduction, allowing viewers to enjoy clearer, more delicate, and more vivid images, enhancing the immersion and enjoyment of movies, games, and other media content. Lumary HDMI Sync Box can achieves low-latency synchronization, whether you’re watching movies, TV shows, sports events, or playing games, our HDMI Sync Box eliminates any possible delays or synchronization issues between different HDMI sources, ensuring a seamless viewing experience. Each frame will arrive on time for your display, guaranteeing you won’t miss any details and allowing you to enjoy the best visual effects.

Zigbee Smart Recessed Lights: compared to Wi-Fi protocols, Zigbee provides more stable signal transmission. The Zigbee protocol employs a simple pairing process, eliminating the need for complicated network settings and operations, allowing users to quickly establish a wireless connection between smart spotlights and smart home systems.

Dynamic RGBAI TV Backlight: Lumary RGBAI technology enables displaying multiple colors simultaneously. Specifically designed for 55-65 inch TVs, providing a seamless and immersive viewing experience with Smart TV LED Backlight enhancing the TV screen’s quality.

The Lumary Imvisual HDMI Sync Kit is now available. Whether you’re a home theater enthusiast or someone who enjoys spending wonderful moments in front of the TV, the Lumary Imvisual HDMI Sync Kit promises an extraordinary audiovisual experience. Visit the Lumary official website for more information and to reserve your Lumary Imvisual HDMI Sync Kit.

About Lumary:

Lumary is a smart lifestyle brand providing high-end smart lighting products. Lumary is a tech-led, people-oriented company. Lumary technology can combine voice assistants and mobile applications to provide high-quality smart products and a more convenient user experience for Lumary customers. Easy and quick installation and the latest technology save your time and make your experience more enjoyable.

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Email: marketing@lumary.tech

LG Innotek published the 2022-2023 Sustainability Report


  • Achieved 20% carbon neutrality within one year after the declaration and increased shareholder-friendly policies such as the 10% dividend payout ratio
  • Increased investment in R&D by 33% from the previous year to strengthen the competitiveness of future business

SEOUL, South Korea, July 21, 2023 /PRNewswire/ — LG Innotek (CEO Jeong Cheol-dong) announced on the 21st that it had published the ‘2022-2023 Sustainability Report’ that covers the performance of ESG (Environmental·Social·Governance) management.

LG Innotek published the 2022-2023 Sustainability Report
LG Innotek published the 2022-2023 Sustainability Report

LG Innotek achieved meaningful results previous year by performing substantial ESG management activities to enhance corporate value.

In the environmental field, LG Innotek joined ‘RE100’ and decided to use renewable electricity in all workplaces by 2030. At the same time, LG Innotek declared that it would achieve 100% Carbon Neutrality by 2040. LG Innotek also joined the Science Based Targets initiative (SBTi) to systematically carry out carbon neutrality activities.

LG Innotek has already achieved the goal quickly by recording the renewable electricity conversion rate of 22% (RE22) and carbon neutrality rate of 20%.

In 2022, LG Innotek received the ‘Minister Prize from the Ministry of Environment’ as the leading company in resource circulation in recognition of its efforts for resource circulation, such as the development of a waste management system, reusing process subsidiary materials, and reducing the use of plastic packaging materials.

Besides, Gumi, Pyeongtaek, and Gwangju plant of LG Innotek have obtained the ‘ZWTL (Zero Waste to Landfill)’ certification from UL(Underwriters Laboratories) Solutions, a global safety certification body. In particular, the Pyeongtaek plant acquired the highest grade ‘Platinum’ last year by achieving 100% resource circulation following the Gumi plant.

In the social field, there is noteworthy in this Sustainability Report that employees participated a lot of social contribution activities. Since the company’s online social contribution portal had launched in 2022, more than 3,000 employees have actively participated in various forms of social contribution activities, such as online donation funding and non-face-to-face volunteering.

LG Innotek was selected as the most excellent company for 6 consecutive years in the Win-Win Growth Index operated by Korea Commission for Corporate partnership.

Furthermore, LG Innotek received Grand Prize from the Great Place to Work in Korea Award in recognition of its excellent corporate culture.

In the field of governance, LG Innotek has focused on creating a transparent and sound business environment. As a result, LG Innotek received ISO 37301 (Compliance Management System) certification, Excellent Anti-corruption Company at the Business Integrity Society Summit (BIS) hosted by United Nations Global Compact (UNGC) Korea, and ISO 22301 (Business Continuity Management System) certification last year.

LG Innotek has also strengthened shareholder-friendly policies. In 2022, LG Innotek paid a total of KRW 98.2 billion as a dividend per share, which is a significant increase from the previous year (KRW 71 billion). As a result, LG Innotek successfully implemented its dividend policy of maintaining a dividend payout ratio of 10% or more until 2024.

In addition to ESG management, the Sustainability Report highlights LG Innotek’s various efforts to secure the competitiveness of future business.

LG Innotek invested KRW 752.8 billion in R&D last year to advance original technology and identify new value-added businesses in future growth areas. The amount had a 33% increase from 2021 (KRW 564.2 billion). During the same period, LG Innotek also expanded industry-university collaboration significantly by doubling the number of industry-university projects.

“LG Innotek will continue ESG management faithfully as ‘Global No.1 Material and Component Company’ that provides differentiated customer value.” said CEO Jeong Cheol-dong.

CBAK Energy Expands Battery Production Capacities through Strategic Collaborations in Shangqiu City, Henan, China

  • Meeting Surging Demand for Lithium-ion Batteries with Cost-Effective Expansion

DALIAN, China, July 21, 2023 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd. (“Dalian CBAK”), has successfully reached agreements with the Shangqiu Urban-Rural Integration Demonstration Zone (the “Shangqiu City”) and partnering entities (the “Lessor”). These strategic collaborations, in the form of investment and lease agreements, will enable CBAK Energy to satisfy the surging demand for its 26700 cylindrical batteries at a relatively lower cost.

Under the terms of the cooperation, Dalian CBAK will pay an annual rental of several million RMB (the “lease payments”) to secure the rights to utilize the Lessor’s production line. This production line is projected to increase Dalian CBAK’s capacity by approximately RMB300 million worth of our 26700 cylindrical batteries. The Lessor will cover the costs of renovating the production line to meet Dalian CBAK’s manufacturing needs. Production is expected to commence as early as this year. Moreover, the investment agreement with Shangqiu City also presents an opportunity for Dalian CBAK to receive government subsidies once certain tax conditions are met, which will be used to partially or fully offset the lease payments, significantly enhancing the cost-effectiveness to this investment.

Yunfei Li, Chairman and Chief Executive Officer of CBAK Energy, commented, “We are thrilled to embark on this collaboration. It will enable us to expand our production capabilities for high-power batteries, specifically the 26700 lithium-ion cylindrical batteries, in order to meet the rapidly growing market demand. Furthermore, it strengthens our commitment to achieving cost-effective and sustainable growth. We firmly believe that this investment, which allows us to acquire an additional capacity of RMB300 million worth of battery products for only RMB3.5 million, will further enhance our sales expectations.”

About CBAK Energy

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit ir.cbak.com.cn.

Safe Harbor Statement

This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

For further inquiries, please contact:

In China:

CBAK Energy Technology, Inc.
Investor Relations Department
Mr. Thierry Jiewei Li
Phone: 86-18675423231
Email: ir@cbak.com.cn

Piacente Financial Communications
Ms. Hui Fan
Tel: +86-10-6508-0677
Email: CBAK@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Ms. Brandi Piacente
Tel: +1-212-481-2050
Email: CBAK@thepiacentegroup.com

Source: CBAK Energy Technology, Inc.

WiMi Developed an HMD-based Control System for Humanoid Robots Controlled by BCI

BEIJING, July 21, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced its development of a humanoid robot control system based on a head-mounted display (HMD) controlled by a brain-computer interface (BCI). This system via steady-state visual evoked potentials (SSVEP) and allows interaction with the environment and humans. The technology provides real-time feedback through the robot’s embedded camera, which integrates stimulus feedback into the HMD display.

WiMi’s researchers took control of the robot and tested its performance by using this new interaction in an experiment. Testers were asked to navigate the robot to a specific location to perform a task. This test was based on visual SLAM feedback, which provides navigation instructions through images of the environment captured by a camera.

Steady-state visual evoked potentials (SSVEP) are used as control signals, and the user’s EEG signals are captured by an EEG signal acquisition device, and real-time feedback from the robot is displayed using a head-mounted display. For navigation instructions, the researchers embedded an embedded camera in the robot and combined its real-time feedback with the SSVEP signals on the head-mounted display to form a form of interaction. The researchers used a visual SLAM (Simultaneous Localization and Mapping) algorithm to implement the navigation instructions.

The control system of the head-mounted display BCI consists of several components: signal acquisition device, head-mounted display, humanoid robot, embedded camera, control algorithm, etc. The steps and results of WiMi’s BCI control system implementation are as follows:

EEG signal acquisition and processing:

The WiMi researchers first used a set of EEG signal interaction platforms for capturing the user’s EEG signals and processing those signals. The platform consists of a multi-channel amplifier, electrode caps, and data acquisition software to capture and store the user’s EEG signals in real-time. In processing the EEG signals, an efficient method is used, which is the extraction of SSVEP by frequency analysis of the signals. This method presents light flashes of a specific frequency to the user, and the user’s EEG signal will resonate at this frequency, thus enabling the extraction of control signals.

The researchers used an EEG signal acquisition device to capture the user’s EEG signals, a head-mounted display to show real-time feedback from the robot, and an embedded camera to provide navigation instructions. The control algorithm uses a visual SLAM algorithm to implement the navigation instructions, which models the environment and implements the navigation instructions from images of the environment captured by the robot’s camera.

Head-mounted display applications:

To provide feedback on the control signals, the researchers used a head-mounted display, which shows real-time images and states displayed through a built-in monitor. The head-mounted display utilizes high-resolution display technology to provide a more realistic experience of the virtual environment.

In addition, to better provide feedback on control signals, the researchers combined the display with the robot’s built-in camera. With the robot’s camera capturing images of the environment and displaying them on the head-mounted display, users can visualize the robot’s state and environmental information more intuitively. Specifically, the user is required to gaze at a specific frequency of light stimuli on the head-mounted display, which causes the user’s brain to emit a specific SSVEP signal. Once the signal is captured and processed, a control algorithm can determine the user’s intent based on the frequency and amplitude of the signal, such as moving the robot to turn left or right. The embedded camera captures the viewpoint of the robot in real-time, providing an image of the environment as well as feedback on the current position of the robot.

Navigation implementation:

Using the SLAM algorithm, an image of the robot’s environment is captured by the robot’s built-in camera and converted into a model of the robot’s environment. The algorithm is also able to estimate the robot’s position and provide navigation instructions to the user. The user can control the direction of the robot’s movement through SSVEP signals, while the head-mounted display shows the robot’s status and environmental information to provide more intuitive feedback to the user.

In addition, the researchers conducted an experimental evaluation of the control system to assess its performance in terms of control accuracy and interaction experience. The experimental results show that the control system can provide precise control signals as well as an immersive interactive experience, providing users with a novel way to control their robots.

Experimental evaluation:

To evaluate the performance of the system, the researchers conducted a series of experiments. The experiments included a user using the system for a robot navigation task and a control experiment using a traditional remote control for the task. The results of the experiments showed that users were able to perform navigation tasks more accurately and get better interaction when using the system.

The researchers conducted experiments to evaluate the control system, including performance in terms of control accuracy and interaction experience. In the experiment, participants were required to control the robot to walk to a specific location to complete a task in a simulated environment. The experimental results show that the control system can provide precise control signals with an average control accuracy of 98.1%. Meanwhile, users evaluated the system as a very good interaction experience, and considered it a very natural and intuitive way of interaction.

WiMi’s head-mounted display (HMD) for robot control via a brain-computer interface (BCI) demonstrates a new way of interaction, providing a more natural and intuitive way of control. Experimental results show that the control system can provide precise control signals. This control method has the potential to be used in many scenarios that require precise control, such as medical, educational, and entertainment fields. Subsequently, the control system can be combined with other sensor technologies, such as voice and gesture, to provide more diverse control. This navigation-assisted scheme provides users with a novel interaction method, which can improve the robot’s operation efficiency and interaction experience.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the 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. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source: WiMi Hologram Cloud Inc.

ePLDT Dominates PH Market with 12th VITRO Data Center

Demand and anticipation from hyperscalers, CDNs, banks, BPOs, carriers, and national government fuel ePLDT’s expansion

MANILA, Philippines, July 21, 2023 /PRNewswire/ — ePLDT, the ICT subsidiary of PLDT, the Philippines fully integrated telecommunications and digital services provider, is set to further boost its 65% data center market capacity share by building its 12th data center facility. The announcement came during the W. Media Philippines Cloud and Datacenter Convention 2023, where ePLDT President & CEO Victor S. Genuino shared the company’s vision.

The decision to build the 12th data center, according to Genuino, is anchored on customers’ needs and aspirations to deliver digital innovation and promote inclusive economic growth. This also aligns with ePLDT’s vision to enhance Philippines’ regional competitiveness and attract investments post-pandemic.

“We want to be able to help the Philippines be the next hyperscaler hub of Asia while continuing to support the digital transformation journey of different sectors locally. That’s why we’ve been investing heavily in our ecosystem to ensure that our data centers will be a crucial enabler of the country’s digital economy,” added Genuino.

The 12th data center will have a power capacity of no less than 100 MW, further fortifying PLDT Group’s data center market leadership in the Philippines while leveraging on the massive infrastructure investment of the country’s largest telecommunication group.  

In a separate press briefing, Alfredo S. Panlilio, PLDT & Smart, Inc. President and CEO and ePLDT Chairman, explained that the expansion plans are strongly motivated by the growing demand from enterprise customers and hyperscalers, driving the Group’s vision for data center expansion.

Genuino also shared updates on ePLDT’s 11th data center, VITRO Sta. Rosa, which has already garnered significant interest from industry leaders, including hyperscalers, CDNs, banks, BPOs, carriers, and even the national government.

VITRO Sta. Rosa will be the largest and most advanced data center in the country, boasting a 50 MW power capacity. Designed to be Rated-3 Certified and Rated-4 Ready, it is fit to host the most critical and power-intensive IT infrastructure of hyperscalers and enterprises. 

With VITRO Sta. Rosa on the rise and a 12th data center facility underway, ePLDT’s power capacity will increase to around 200 MW once both sites are activated.

About ePLDT  

ePLDT is the industry-leading digital transformation partner of enterprises in the Philippines. Leveraging on the expertise and world-class telecommunication infrastructure of the PLDT Group, ePLDT aims to deliver customized ICT services through its suite of Multi-Cloud and Data Centers, which will enable enterprises to achieve their digital transformation vision.  

For more information about ePLDT, visit epldt.com.  

Fractal EMS On-Track to Exceed 2023 Commitments

AUSTIN, Texas, July 21, 2023 /PRNewswire/ — Fractal EMS Inc (Fractal EMS) is excited to announce a new feature that adds DC-coupled solar+storage (PV+S) controls. The new software provides one platform and one interface for DC-coupled PV+S (AC-coupled projects use separate Fractal EMS controls for solar versus storage). Fractal EMS recently integrated their first DC-couple PV+S project, it was integrated on time and on budget.

Fractal EMS has 4 GWh of projects in operation and will nearly double this by integrating 25-30 projects in 2023. Daniel Crotzer, CEO, said “project financials are becoming more competitive. Owners want to self-integrate to avoid the 10%-15% integrator margin. Fractal EMS was designed to facilitate self-integration…it saves millions in CAPEX and OPEX.”

In addition to the new solar+storage platform, Fractal EMS has intensified its cyber security capabilities. This has been facilitated by implementing a Zero Trust Network Architecture (ZTNA) with industry leading policies, device/software compliance, Vulnerability Management, Incident Detection Remediation (IDR), and Security Information Event Management (SIEM). Fractal EMS provides cybersecurity monitoring & reporting and segments access based on least privilege methodology. In addition, Fractal EMS seamlessly integrates multiple security levels into “one pane of glass” for ease of management and increased efficiency.

About Fractal EMS
Fractal EMS is a fully vertical controls platform that includes software, controllers, integration and analytics (with optional monitoring, maintenance and bid optimization). Fractal provides all of the following: 1) controls 2) networking 3) SCADA 4) cybersecurity 5) HMI & historian. Fractal EMS has 4 GWh in operation globally and over 12 GWh of awarded projects. Visit the website for more information: www.FractalEMS.com

Source: Fractal EMS Inc.

True and ZTE launch Joint Innovation Center to inject new vitality into Thailand’s digital transformation

  • True and ZTE have jointly established the “True & ZTE Innovation Centerat True Digital Park in Bangkok.
  • The Joint Innovation Center offers endless possibilities, including ultra-high-capacity, optical networks, 5G wireless coverage, AI technology, Smart Factory, and various 5G applications.

BANGKOK, July 20, 2023 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of information and communication technology solutions, together with True Corporation, Thailand’s leading Telecom-tech company, have jointly launched the “True & ZTE Innovation Center” at True Digital Park in Bangkok. The innovative collaboration between True and ZTE will inject new vitality into Thailand’s digital transformation.

The “True & ZTE Innovation Center” aims to provide advanced digital solutions to Thai society and enterprises through technological, business, enterprise digital, and business model innovation. This will drive Thailand’s competitiveness in the global digital economy and jointly contribute to implementing Thailand’s digital strategy, serving Thailand’s digital strategy and social digital transformation.

Mr. Manat Manavutiveth, Chief Executive Officer of True Corporation Plc said, “Walking through the Innovation Center, you must have witnessed a large variety of cutting-edge digital products and solutions, which will play an important role in further promoting Thailand’s digitalization process and beyond.

“We look forward to close collaboration beyond the excellent relationship with ZTE to provide wireless and wired networks. The cooperation shows how we join force to provide cutting-edge digital products and solutions, which will play an important role in promoting Thailand’s digitalization process, providing good support for regional digitalization and reliable business environment. We therefore must efficiently capitalize on the Joint Innovation Center, which offers endless possibilities. Chief among them are: ultra-high-capacity, optical networks, 5G wireless coverage, AI technology, Smart Factory, and various 5G applications.”

Mr. Li Zixue, Chairman and Executive Director of ZTE Corporation, said, “Thailand is the most important strategic market for ZTE. We are very honored to be an important partner of True. The two sides support each other and develop together. We will continuously provide excellent wired and wireless network solutions, with comprehensive support of the highest priority. Today, in the event of the establishment of this Joint Innovation Center, we hope the cooperation between ZTE and True can become a benchmark and the model for digital cooperation between China and Thailand, to work together and create the cutting-edge digital network in Thailand, to develop Thailand’s digital economy and bring benefits to Thai people.”

As part of the center, ZTE and True will explore and apply the latest communication technologies, including Reconfigurable Intelligent Surface (RIS), network AI autonomy, extreme green and efficient networks, cloud IP, and portable industry core i5GC. This collaboration aims to provide efficient and reliable communication infrastructure for Thai enterprises to meet the needs of Thailand’s digital strategy.

Currently, enterprise digital innovation is one of the center’s core objectives. Through cooperation, True and ZTE will provide tailor-made innovative solutions, including digital factories, intelligent manufacturing, smart agriculture, intelligent logistics, AI machine vision applications, and frontline operational safety management. These solutions aim to improve efficiency, reduce costs, and enhance production quality, helping enterprises achieve digital transformation and increase their competitiveness in the global market.

Furthermore, smart homes and smart living are also focal points of the innovation center. By applying AI technology and innovative solutions, the center aims to provide more convenient and intelligent experiences for personal and family life. Products such as smartphones, gaming phones, smart wearable devices, health trackers, glasses-free 3D tablets, cloud computers, WiFi 7 home routers, whole-home fiber optics, smart speakers, and smart home videos offer convenient living experiences. The users can remotely control lighting, temperature, curtains, televisions, air conditioners, and other household appliances using voice assistants or smartphones. In addition, the center offers personalized services and automated scenario settings based on environmental perception and user behavior so that life, learning, and residence can be more comfortable, safe, and convenient.

In collaboration with local ecosystem partners, the joint innovation center will thrive in the industry ecosystem through technological innovation, business innovation, enterprise digital innovation, and business model innovation. Additionally, the center will display innovative products, demonstrate innovative solutions, test new technologies, and cultivate digital skills and capabilities. ZTE will work hand in hand with True to embrace the bright future of digital society in Thailand, a vigorous, beautiful and colorful country!

MEDIA INQUIRIES:
ZTE Corporation
Communications
Email: ZTE.press.release@zte.com.cn

Infobird to Expand Global Presence with Relocation of Operations to Hong Kong

BEIJING, July 20, 2023 /PRNewswire/ — Infobird Co., Ltd (Nasdaq: IFBD) (“Infobird” or the “Company”), a software-as-a-service provider of AI-powered customer engagement solutions in China, today announced its decision to relocate its operations from Beijing to the Hong Kong Special Administrative Region. This strategic move comes in response to the board of directors’ judgement of current business situation and economic environment, as well as the Company’s commitment to expand globally.

Infobird will relocate its operations to Hong Kong and recruit more local employees in the region. Additionally, Infobird plans to proactively expand its presence in the global market and cater to the diverse needs of customers worldwide by establishing new offices in other key locations such as Singapore, other parts of Southeast Asia, and Europe. The relocation represents a significant step of the Company towards becoming a global player in the software-as-a-service (“SaaS”) industry.

As part of its growth strategy, the Company will expand its business to focus on the SaaS segmented scenarios, particularly in the fields of finance, real estate and hotel management. By shifting its focus to high-margin market segments, Infobird aims to enhance its competitive advantage and generate positive cash flow.

Mr. Cheuk Yee Li, CEO of Infobird, commented, “Our relocation to Hong Kong marks a significant milestone for Infobird as we embark on an exciting journey towards global expansion. We are confident that this strategic move will enable us to better serve our international clientele and pave the way for innovations.”

In line with its global expansion plans, Infobird plans to actively seek strategic investments to fuel its growth and innovation and establish global research and development centers to drive continuous advancements in its technology and product offerings.

About Infobird Co., Ltd

Infobird, headquartered in Hong Kong, is a SaaS provider of AI-powered customer engagement solutions. For more information, visit Infobird’s website at www.Infobird.com

Forward-Looking Statements

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Databricks Completes Acquisition of MosaicML


The combined companies plan to make generative AI accessible to any size organization, enabling them to build, own and secure generative AI models with their data.

SAN FRANCISCO, July 20, 2023 /PRNewswire/ — Databricks, the Data and AI company, announced it has completed its acquisition of MosaicML, a leading generative AI platform known for its state-of-the-art MPT large language models (LLMs). Databricks and MosaicML have a shared vision of making generative AI accessible for all organizations, enabling them to build, own and secure generative AI models, including LLMs with their proprietary data.

“Through this acquisition, we will be able to provide our 10,000 customers the ability to use their own data on the Databricks Lakehouse to train and deploy bespoke LLMs that offer a differentiated experience for their end users. Combining MosaicML with the Lakehouse provides a secure and best-in-class generative AI platform,” said Ali Ghodsi, Co-Founder and CEO of Databricks. “We are excited to welcome the MosaicML team of top AI researchers and engineers to the Databricks family and look forward to collaborating with them to build the future of data and AI.”

“Together with Databricks, we will empower enterprise customers to more securely and cost-effectively build LLMs and generative AI with their own data,” said Naveen Rao, Co-Founder and CEO at MosaicML. “Our team is excited to join the Databricks family and continue innovating for customers and the open source community.”

MosaicML’s product, which enables companies to efficiently build and deploy large AI models on their own data and business processes, will remain available for direct purchase. In the coming months, the Databricks and MosaicML teams will work to make training custom models even more seamless for Databricks Lakehouse customers.

The Databricks Lakehouse Platform, combined with MosaicML’s technology, will offer customers the state-of-the-art generative AI training platform while allowing them to retain control, security, and ownership over their valuable data.

About Databricks
Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Comcast, Condé Nast, and over 50% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Databricks is headquartered in San Francisco, with offices around the globe. Founded by the original creators of Delta Lake, Apache Spark™, and MLflow, Databricks is on a mission to help data teams solve the world’s toughest problems. To learn more, follow Databricks on Twitter, LinkedIn and Facebook.