Category Archives: PR Newswire

Global Industrial Control & Factory Automation Market to Surpass USD 259.84 Bn By 2031| Growth Market Reports


PUNE, India, July 3, 2023 /PRNewswire/ — According to a recent market study by Growth Market Reports, titled, “Global Industrial Control & Factory Automation Market Segments – By Components, Solutions, Industries, and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the market size was USD 133.04 Bn in 2022 and is expected to surpass USD 259.84 Bn at a CAGR of 4% by 2031.


Key Players Covered

  • Honeywell International Inc
  • Yaskawa America, Inc.
  • KUKA AG
  • Infineon Technologies AG
  • ABB
  • Rockwell Automation, Inc.
  • OMRON Corporation
  • Roboze S.p.A.
  • Azbil Corporation.
  • SEIKO EPSON CORP

Download PDF Sample here: https://growthmarketreports.com/request-sample/3869

The report covers data on market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, industry players, and crucial strategies that helps market players to expand their business.

For Any Questions: https://growthmarketreports.com/enquiry-before-buying/3869

Key Takeaways:

  • Industrial control & factory automation refers to the use of control systems, including robots and computers to replace human beings in an industry.
  • Increasing government initiatives toward industrial automation and rising demand for safety compliance automation solutions are expected to boost the market.
  • The industrial 3D printing segment is anticipated to dominate the market, owing to the increasing adoption in the aerospace, automotive, and military sectors.
  • The discrete industries segment is projected to hold a major market share, owing to the growing acceptance of industrial control and factory automation systems for remote monitoring and getting insights into daily inventory.
  • Asia Pacific is anticipated to dominate the global market due to the high usage of automation technologies across industries.

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Segments Covered

Components

  • Industrial Sensors
  • Industrial Robots
  • Machine Vision
  • Control valves
  • Industrial PC
  • Control Devices
  • Field Instrument
  • Industrial 3D Printing
  • Human-machine Interface

Solutions

  • Distributed Control System (DCS)
  • Supervisory Control and Data Acquisition (SCADA)
  • Programmable Logic Controller (PLC)
  • Manufacturing Execution System (MES)
  • Product Life Cycle Management (PLM)
  • Plant Asset Management (PAM)
  • Functional Safety

Industries

  • Process Industries
  • Discrete Industries

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Related Reports:

Contact:
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Email: sales@growthmarketreports.com
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Armer Board Introduces the Armer A1 55 4K UHD Interactive Smart Whiteboard


NEW YORK, July 3, 2023 /PRNewswire/ — Armer Board Introduces the Armer A1 55″ 4K UHD Interactive Smart Whiteboard Touch Screen Display, Armer Smart Board Interactive Whiteboard for Workspace, Classroom and Home Office.

Armer A1 55” 4K UHD Touch Screen Interactive Board
Introducing our state-of-the-art 55-inch 4K Ultra HD touch screen. This cutting-edge display offers unparalleled picture quality with its 3840 x 2160 4K Ultra HD resolution, ensuring vivid representation of every detail. With a wide color gamut of 1.07 billion colors (10-bit), the screen delivers rich and lifelike visual effects. Experience ultimate visual clarity and stunning image quality with us. It is ideal for various applications, including remote presentations, interactive learning, and immersive entertainment.

Wireless Projection
Our wireless projection feature is designed to enhance collaboration and convenience. With this functionality, you can effortlessly wirelessly project content across multiple devices. Whether you’re in a meeting, classroom, or any collaborative environment, screen sharing has never been easier. Our screen sharing supports bi-directional control, allowing participants to interact with the projected content using their own devices. With our wireless projection feature, you can easily share and control content, creating a dynamic interactive environment. Embrace the power of wireless connectivity and revolutionize your collaboration.

Smart Whiteboard Writing Functionality
Our smart whiteboard offers a variety of convenient writing features. Firstly, it supports dual-color writing, allowing you to quickly switch between different colored strokes on the whiteboard. Additionally, the quick erase function enables you to easily erase unwanted content. Our smart whiteboard also provides the convenience of file quick transfer and QR code takeaways. You can quickly transfer files by directly sending relevant materials to participants, eliminating the hassle of file sharing processes. By scanning QR codes, attendees can easily take meeting notes back to their personal devices for easy reference and sharing. Furthermore, our smart whiteboard supports smart gestures, shapes, and table functions, making meeting discussions more intuitive. With simple gestures, you can quickly perform operations such as zooming, moving, and rotating, making content presentation more flexible. The graphics and table tools make data and information presentations clearer and easier to understand, providing visual assistance for meetings.

Support Multiple Interface Connection
VGA, USB2.0, USB3.0, HDMI, Touch, RJ45, RS232, and Audio interfaces are supported.

Armer Whiteboard also offers more features:
Annotation and Writing: Annotate and mark content during presentations and save and share annotated content.
File Quick Transfer: Quickly upload images, videos, and files by scanning QR codes, without the need to download or install any software, for added convenience.
Sticky Notes: Edit and publish notes on your mobile device by scanning QR codes.
Nine-Screen Simultaneous Casting: Supports simultaneous casting and operation from nine devices, allowing for file presentations and solutions.

About Armer Board
Armer Smart Whiteboard is an interactive whiteboard that integrates digital and electronic capabilities. It is widely used in classroom teaching, office meetings, remote collaboration, home entertainment, supermarket advertising, and more. It supports powerful functions such as projectors, tablets, whiteboards, and televisions.

Armer Board has always attached great importance to the guarantee of quality and safety. Provide a 60-day return and 1-year warranty policy on all smart whiteboards sold. According to customer feedback, this is the driving force and vision for our enterprise to keep moving forward.

ARMER BOARD
Mail:business@armerboard.com
smart electronic whiteboard
official website:armerboard.com

KYY Introduces X90A and X90 Triple Display Monitors, Elevating Visual Experiences

LOS ANGELES, July 2, 2023 /PRNewswire/ — KYY, a leading manufacturer at the forefront of external display monitor technology, proudly unveils two exceptional triple display monitors, the X90A and X90, offering users enhanced visual experiences for work and entertainment.

Impressive Specifications and Enhanced Viewing

Both the X90A and X90 models feature impressive specifications, including a 14-inch 1080P FHD IPS display, a 60Hz refresh rate, a 1:1000 contrast ratio, a 72% NTSC color gamut, a 16.7 million color count, and a 300 nits brightness. These features combine to deliver stunning image quality, vibrant colors, and sharp details, providing users with an immersive and enjoyable viewing experience.

360° Screen Rotation and 90° Adjustable Stand

One standout feature of both models is the 360° screen rotation, enabling users to effortlessly adjust the angle to their desired orientation. During usage, the screens support a rotation angle of up to 210°, providing flexibility in finding the perfect viewing position for various work and entertainment scenarios. Independent parameter adjustment is also supported on each screen, making it possible to fine-tune settings using the intuitive buttons on the screen panel.

Additionally, both models feature an adjustable stand, allowing users to easily customize the screen angle up to 90° for optimal viewing comfort and adaptability. The built-in stand provides stability and eliminates concerns about losing or misplacing separate stands, ensuring a seamless user experience.

1-Cable Connection for Convenience

The X90A and X90 models share a key feature, the 1-cable connection. With this feature, users can conveniently connect their laptops to either monitor using a single USB-C cable, simplifying setup and reducing cable clutter. The 1-cable connection ensures seamless integration and enables users to expand their workspace effortlessly.

System Compatibility for Connection

However, the X90A model offers additional cross-system compatibility, supporting not only Windows systems but also macOS and Android phone systems (driver installation required). This versatility allows users to connect the X90A to a broader range of devices and operating systems, providing flexibility and convenience in various work and entertainment scenarios.

On the other hand, the X90 model is exclusively designed for Windows systems, offering seamless compatibility without the need for driver installation. It provides Windows users with the same impressive display specifications and exceptional visual performance as the X90A, empowering them to enhance productivity and immerse themselves in entertainment.

In addition to the triple display monitors, KYY has achieved great success in the realm of 1080P single-screen portable displays. Notably, the K3, K3-1, K3-2(1080P portable monitor), and K3-3 (4K portable monitor) models have served over 300,000 users on Amazon, providing them with convenience and portability in their display needs.

“We are extremely proud to introduce the X90A and X90 triple display monitors,” stated a spokesperson for KYY. “We have always been committed to providing users with exceptional external display monitor solutions, and the X90A and X90 exemplify that commitment. Professionals and everyday users alike will benefit from their outstanding performance and innovative features. We believe that the X90A and X90 will redefine the experience of multi-screen work and entertainment, setting new standards in the market.”

The KYY X90A and X90 triple display monitors will be launched on 7/3 PDT, catering to professionals and everyday users alike. Whether for professional work or entertainment consumption, the X90A and X90 offer an unparalleled portable visual experience. KYY, with its tradition of innovation and superior quality, continues to be a trusted brand. Users can now experience the charm of the X90A and X90 firsthand and embrace the convenience and enjoyment of multi-screen work.

For more product descriptions, please visit:

X90A: amz.fun/qh/kyyx90a
X90: amz.fun/qh/kyyx90
K3: amz.fun/qh/kyyk3grey
K3-1: amz.fun/qh/kyyk3-1black
K3-2: amz.fun/qh/kyyk3-2

About KYY:

Founded in Shenzhen, KYY is a pioneering manufacturer dedicated to revolutionizing external display monitor technology. With a relentless focus on exceptional quality and innovative design, KYY offers a wide range of products, including 1-screen 1080P portable monitors, 1-screen 4K portable monitors, and triple portable displays, that cater to various user needs. Guided by a vision of pushing the boundaries of what is possible, KYY strives to provide customers with unparalleled visual experiences and unparalleled satisfaction. To find out more about KYY, please visit https://www.amazon.com/stores/KYYTechBringYourLifeMoreConvenientandBrilliant/page/A506FE37-0E97-429E-9EA4-51443CA62A73.

For more information, please contact:

Media Contact: Emily

Email: marketing@kyytech.com 

Seauto Launches its First-Ever Sonar Navigation Cordless Robotic Pool Cleaner

Seal – A Revolutionary Robotic Pool Vacuum with Cleaning Floor And Wall, Smart Route for 98% Pool Coverage. Design to Support a Comfortable Pool Environment for Families with In-ground Pool Clean Needs. 

LOS ANGELES, June 30, 2023 /PRNewswire/ — Seauto, a brand new pool cleaning company, has been committed to technical research and development in the field of pool cleaning for 3 years and announces the launch of its newest pool cleaner product,the Seauto Seal Robotic Pool Cleaner. This model has Intelligent Route Planning and 3 types of cleaning modes for full pool cleaning, not only able to  clean floor, but is also able to climb and clean walls, realizing all-rund cleaning of swimming pool.

As the flagship product of Seauto, Seal will launch in June, destined to start a new wave in the pool cleaning industry.

“Combining cutting-edge industrial technology with daily life has always been our goal, now we have finally put it into reality, with our latest product – Seal, our goal has finally been achieved,” The product developer of Seauto, Mr. Deng said. “Everyone should have the chance to enjoy how technology can be of help in our daily lives, not just some nouns. Seauto is the one to revolutionize swimming pool maintenance.

The first product to miniaturize Sonar System into a robotic pool cleaner

Sonar has been used in ships since the early 20th century, but this is the first time for Sonar System to be installed in a robotic pool cleaner. Seauto put a pair of transmitting array and receiving arrays to act as the robot’s eyes and ears. Compared to other robotic pool cleaners only equipped with a gyroscope, Seauto Seal can finally have the ability to map and navigate through the entire pool, covering at least 98% area, including pool bottom and pool walls, which has never been achieved by any pool cleaners before.

Battery life has always been a huge problem for cordless pool cleaners as no one wants a pool cleaner runs out of battery and stop working in the middle of a cleaning cycle, but Sonar navigation has put this problem to an end by mapping the pool to determine the best route, avoid any messy and repetitive pattern, reserve battery in the most effective way.

The first product to achieve capable to self-adjust when put into pool upside down cleaning

Three high-performance brushless motors on Seauto Seal are not just for stronger suction power, but also engage it to cleaning the floor and wall, with an angle of 15° between the robot’s main brush and waterline, get any stubborn stains out with Seauto Seal’ dual soft rubber brushes, but won’t hurt any kind of pool liners.

Three brushless motors provide a strong and long-lasting heart. Compare this with traditional pool cleaner robots equipped with brush motors, which could easily damage the carbon brush causing motors to become loose, and need replace regularly, otherwise carbon brush and coil wiring head will tear eventually, and an electromagnetic break will occur. On the contrary, the brushless motor runs smooth and sturdy, with no carbon brush within to contact and tear, making it last for more than 40 thousand hours.

Seauto makes what the user desires

Seauto listens to users’ voices and developed Seal, designed to solve the pain points that the robots on the market easily flip over while climbing and cleaning pool walls. There’s no need to worry about the pool vacuum cleaner flipping and floating anymore. Seal is equipped with a special Self-Righting Feature, with the perfect anti-flip center of gravity design to avoid most accidents flipping over. With the help of software and hardware collaboration, the three brushless motors will work together to maintain upward all the time.

We invite you to view an amazing pool cleaning robot, the Seauto Seal pool cleaning robot based on AI technology. The Seauto Seal Robotic Pool Cleaner is now available on seautorobots.com or Amazon for $699.99 .

For additional information, visit:

Seal-https://amzn.to/42ZqxB4

Seal SE-https://amzn.to/42V5H5S

Shark-https://amzn.to/3XtFeey

Roker-https://amzn.to/46rNHmK

Facebook – https://www.facebook.com/seautorobots

Twitter – https://mobile.twitter.com/seautorobots

Instagram – https://www.instagram.com/seautorobots

Website – http://www.seautorobots.com

About Seauto

SEAUTO was founded in 2021 with a mission to revolutionize the pool cleaning industry through innovative robotics.In the past 3 years, Seauto has been committed to technical research and development in the field of pool cleaning, has broken through the underwater intelligent route planning and cordless technology, and has launched Roker Plus, Roker SE, Seal , Seal SE and Shark intelligent automatic pool cleaner series 

Cordless, Intelligent, and Powerful are the main points of our product technology innovation. Pace of Mind, Convenient, and Multi-Functional are the goals of our products to serve customers. Let Seauto help you to keep your pool clean. Learn more visit seautorobots.com.

Media Contact: Support@seautorobots.com

Source: Shenzhen Seauto Technology Co.,Ltd.

TECNO PHANTOM X2 Pro Wins Featured Finalist at IDEA Award 2023

It Makes TECNO PHANTOM a Forth-time Global Design Award Recipient

NEW YORK, July 1, 2023 /PRNewswire/ — TECNO, an innovative technology brand with operations in over 70 global markets, is delighted to announce that its PHANTOM X2 Pro handset has been honored as an IDEA Featured Finalist in the prestigious Industrial Design Excellence Awards (IDEA). This recognition further solidifies TECNO’s commitment to relentlessly pushing for the perfect integration of contemporary, aesthetic design with the latest technologies.

Hosted by the Industrial Designers Society of America (IDSA),  IDEA stands as one of the world’s top four design awards, alongside Germany’s iF Design Award and Red Dot Design Award as well as Japan’s GMARK award. Since its inception in 1980, IDEA has been the foremost design award in North America, recognizing outstanding achievements in design across various categories. The evaluation process for IDEA involves key criteria such as design innovation, benefit to user, benefit to society and others.


TECNO’s PHANTOM X2 Pro, with its remarkable design and cutting-edge features, secured its place as an IDEA Featured Finalist

Pioneering Back Cover Made From Recycled Materials PHANTOM X2 Pro 5G Eco-Friendly Edition. features a pioneering environmentally friendly back cover, constructed using recycled waste plastics recovered from the ocean. Compared with virgin plastics, the use of recycled materials to manufacture the back covers reduces carbon emissions by approximately 38%, with each individual cover producing an estimated 2.4g fewer emissions on average, highlighting the brand’s commitment to sustainable design.

World-First Portrait Lens Sets an Incredible New StandardThe PHANTOM X2 Pro 5G, equipped with its world’s first smartphone to feature a retractable portrait lens, offering a focal length of 65mm and 2.5x optical zoom, revolutionizes smartphone photography, enabling users to capture studio-like portrait shots.

TECNO’s dedication to innovation and design excellence is the driving force behind its relentless pursuit of delivering exceptional products that cater to the evolving needs of its customers. Being recognized as an IDEA Featured Finalist underscores TECNO’s commitment to pushing the boundaries of smartphone design and technology.

Lockin Company Sets New Standards in Mobile App Security Solution

SEOUL, South Korea, July 1, 2023 /PRNewswire/ — Lockin Company, a leading cybersecurity service provider, is proud to announce a significant improvement of their app security solution called LIAPP. With the upcoming launch of their upgraded app security solution, LIAPP, on June 30th, Lockin Company aims to revolutionize the way developers protect their mobile applications. The latest enhancements focus on enhancing user convenience and fortifying security measures, ensuring a seamless and secure experience for app developers and users alike.

Dashboard of LIAPP offers enhanced UX/UI
Dashboard of LIAPP offers enhanced UX/UI

LIAPP, a user-friendly no-code SaaS-based security service, empowers developers to apply robust security measures to their apps effortlessly. By simply uploading their completed applications, developers can secure their mobile apps without the need for additional coding. This innovative solution offers flexible subscription plans, including annual and monthly options, catering to users’ preferred duration and budgetary requirements. The accolades received at the esteemed “Cybersecurity Excellence Awards” in March, where LIAPP triumphed in three categories – “Application Security,” “Mobile Application Security,” and “Runtime Application Self-Protection,” – further validate its effectiveness and popularity among industry professionals.

The upgraded LIAPP introduces a clean and intuitive user interface, enabling app developers to implement security measures with ease. The app protection and threat detection options have been enhanced, allowing developers to customize the application’s security based on their specific operational requirements. Furthermore, the subscription payment process has been redesigned for improved usability, ensuring a hassle-free experience for users. Recognizing the international user base, with over 40% of users coming from overseas, Lockin Company now offers support for English and Spanish languages, catering to global users and facilitating seamless adoption of LIAPP across different regions.

In response to the evolving landscape of hacking types and methods, LIAPP’s capabilities have been significantly enhanced. The solution now incorporates strengthened administrator privileges and virtual machine detection, optimizing post-security compatibility. Additionally, several security upgrades have been implemented, including support for two-factor authentication during login, providing an elevated level of protection against unauthorized access and potential threats.

Myoung Kyu Choi, CEO of Lockin Company, expressed his enthusiasm for the upgraded LIAPP, stating, “As the demand for our services grows in regions like Latin America and Europe, we have focused on enhancing convenience and fortifying security features, including multilingual support. With these extensive upgrades, we anticipate attracting a broader global user base due to the strong capabilities of LIAPP.”

Since its establishment in 2013, the company’s commitment to excellence and innovation has resulted in widespread adoption of LIAPP in numerous countries, including South Korea, Japan, India, the United States, Singapore, Thailand, Indonesia, and Brazil. Recognized as a prominent application security provider by Gartner, Lockin Company’s LIAPP has also been designated as an “Excellent Information Security Technology Product” by the Ministry of Science and ICT in South Korea.

Chinese scientists: Technology-driven and law-based system key to lake ecosystems, biodiversity protection

BEIJING, June 30, 2023 /PRNewswire/ — A news report from China.org.cn on the role of technologies and laws on the lake ecosystems and biodiversity protection:

“We should integrate our technological resources and build up a sound technological support system, accelerating the building of relevant law & regulation systems for lake protection and management,” Zhang Ganlin, director and researcher of the Nanjing Institute of Geography and Limnology, Chinese Academy of Sciences(CAS), notes in an article released by the Bulletin of Chinese Academy of Sciences (BCAS, in Chinese), a think tank journal supervised and sponsored by the CAS, which focuses on strategic and decision-making research.

Among important land resources and as key geographical units of land surface systems, lakes(including artificial reservoirs) are important surface water resources, and they are also an important part of the earth surface system consisting of “mountains,rivers, forests, farmland, lakes, grassland and sand,” as Zhang points out in his article “Ecological and Environmental Changes and Protection Measures of Lakes in China.” The article also notes that lakes play an irreplaceable role in water resource supply, flood control and drought alleviation, water quality purification, and biodiversity protection.

Given the important roles and significance of lakes in socio-economic development, the article, based on long-term lake research and monitoring data, proposes the strategies for the protection, management, and restoration in response to the problems faced by lake ecosystems in China.

In recent years, the overall condition of the ecological environment of lakes in our country has been becoming better, and the protection to lakes has achieved remarkable results. For example, the water quality of Poyang Lake, which is located in the eastern plains of China has shown a trend of improvement in recent years, and the annual average concentration of total phosphorus, the main pollutant, has declined slightly. From 2012 to 2020, the inter-annual variation of wetland vegetation biomass in Poyang Lake was flat, and the variation range was relatively small. Since 2012, the importance value of the dominant species of the typical plant communities in Poyang Lake wetland have remained above 0.6, showing a relatively stable community structure and playing an important supporting role in the stability of the ecosystem structure and the maintenance of ecological functions in the lake.

The paper also reveals that for the past decades, China has strengthened ecological conservation and environment protection at all times and in all dimensions and regions. Since 2021, China has achieved initial success in the critical battle against water pollution. Major action plans on addressing water pollution have been fully implemented. Also, the country has redoubled efforts to preserve and restore lake ecosystems and protect biodiversity, with the integrated protection and restoration of various ecosystems and implementation of a series of fundamental, pioneering, and long-term programs.

First, a significant increase can be seen in the total amount of available freshwater resources in lakes. There are 2,670 natural lakes over 1 km2 of area in China, and 98,600 reservoirs with an increase of 10,100 over 2011. Thanks to the lake protection and water quality improvement, the proportion of centralized drinking water sources from lakes and reservoirs across China has increased from 33% to 40% in the past five years, which serves nearly 50% of the population of the country.

Second, the lakes under priority control have reported steady improvement of water quality. For instance, the “three lakes” (the Taihu Lake, Chaohu Lake and Dianchi Lake), have registered significantly checked eutrophication trend. With the increase in the transparency of about 70% of large and medium-sized lakes in China in the past 10 years, the lakes have become clearer overall.

Third, with the restoration of the aquatic vegetation in lakes and the steady rise in the biodiversity of major lakes, the lakes have reported improvement of ecological service functions. This has been approved by the fact that about 43% and 40% showed a significant improvement of aquatic vegetation between 2010-2014 and between 2015-2019, respectively.

However, China still needs to continue with science and technological innovation in lake ecological environment management and protection. There are significant rooms for development of higher level processing materials, key technologies, and equipment, and relevant basic and applied research.

Therefore, Chinese scientists have put forward several key approaches to exploring the paths to high-quality development for lake watersheds with low resource consumption and environmental costs.

Among all the suggestions, the article attaches great importance to building a technology-driven and law-based system, in an effort to protect lake ecosystems and biodiversity in China.

More efforts should be made to set up sound systems in the following areas: performance evaluation and accountability for ecological conservation, compensation for ecological conservation, designation of river and lake managing chiefs. Meanwhile, corresponding laws and regulations should be further formulated or revised.

The article further explains that it is necessary to strengthen the role of technology in supporting the lake-type ecological environment protection, that is to say, to integrate all possible technological resources and build up a sound technological support system, and vigorously promote the technology-based lake manager system to further enhance the scientific management and protection of lakes.

National legislation for lake protection should also be promoted, accelerating the building of relevant law & regulation systems for lake protection and management and improve the mechanism for the alignment between administrative law enforcement and criminal justice in lake watershed protection.

On the institutional level, it is advised to adopt an “ecological bank” model and improve the compensation system for the ecological benefits of lakes.

Chinese scientists: Technology-driven and law-based system key to lake ecosystems, biodiversity protection
http://belt.china.org.cn/2023-06/25/content_89263128.htm 

NaaS Technology Inc. Announces US$30 Million Private Placement of Convertible Note

BEIJING, June 30, 2023 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S. listed EV charging service company in China, today announced that it entered into a convertible note purchase agreement with LMR Partners Limited (the “Investor” or “LMR”), a global multi-strategy investment fund, pursuant to which the Investor will purchase from the Company a convertible note with a principal amount of US$30 million, convertible into American depositary shares (“ADSs”) representing the Company’s ordinary shares. Concurrently, the Company and the Investor entered into a derivative arrangement with respect to the ADSs.

The transaction is subject to customary closing conditions and the closing is expected to take place in the near future. The convertible note has a 363-day term and interest will be payable on a quarterly basis. Subject to certain conditions, the Investor may purchase from the Company an additional convertible note with a principal amount of US$25 million and with substantially similar terms.

“We are excited to welcome LMR as our new investor and are grateful for their endorsement of our efforts to propel the electrification of China’s transportation industry,” said Mr. Alex Wu, NaaS’ president and chief financial officer.

The issuance of the securities is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and is made in reliance on, and in compliance with, Regulation S under the Securities Act.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop EV charging solutions to charging stations comprising online EV charging, offline EV charging and innovative and other solutions, supporting every stage of the station lifecycle. As of March 31, 2023, NaaS had connected over 575,000 chargers covering 55,000 charging stations, representing 40% and 49% of China’s public charging market share respectively. On June 13, 2022, the American depositary shares of the Company started trading on Nasdaq under the stock code NAAS.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. 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: NaaS’ goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China’s EV charging industry and EV charging service industry and NaaS’ future business development; demand for and market acceptance of NaaS’ products and services; NaaS’ ability to protect and enforce its intellectual property rights; NaaS’ ability to attract and retain qualified executives and personnel; the impact of the COVID-19 pandemic and the effects of government and other measures taken in relation thereto; U.S.-China trade war and its effect on NaaS’ operation, fluctuations of the RMB exchange rate, and NaaS’ ability to obtain adequate financing for its planned capital expenditure requirements; NaaS’ relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS’ filings with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com 

Media inquiries:
E-mail: pr@enaas.com 

Source: NaaS Technology Inc.

Global optical fibre and cable supplier YOFC presents extensive lineup of products and solutions at MWC Shanghai 2023

Lighting up the Digital Future

SHANGHAI, June 30, 2023 /PRNewswire/ — Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) is participating in Mobile World Congress Shanghai 2023 (“MWC Shanghai 2023”) at Booth N2.B10, where they are showcasing their innovative products and solutions under the theme “Lighting up the Digital Future”. The exhibition covers a wide range of categories, including New Optical Fibre & New Materials, Computing Network Infrastructure, Marine Communication, Digital and Smart Manufacturing, Digital Power, Digital Transportation and F5G Digital Life. MWC Shanghai 2023 is recognized as the largest and most influential mobile communications event in Asia. YOFC’s presence at the event highlights their ability to create value for customers and contribute to the growth of the digital economy through technological innovation.

YOFC makes an impressive appearance at MWC Shanghai 2023
YOFC makes an impressive appearance at MWC Shanghai 2023

ChatGPT has rapidly gained global recognition since its launch earlier this year, highlighting its immense potential to revolutionize the economy and society. The advent of the AI chatbot and other cutting-edge digital technologies is set to accelerate digital transformation across various industries. Speaking at the “Digital Everything – Building Digital Nations” sub-forum during MWC Shanghai 2023, Nie Lei, vice president at YOFC, emphasized the growing digital demands and emerging businesses. He also highlighted the critical need for a robust digital infrastructure that offers higher bandwidth, lower latency and improved reliability to accommodate the data explosion. To leverage this unprecedented opportunity, YOFC has taken proactive steps to participate in digital development, evolving from a specialized optical fibre and cable manufacturer into a holistic solution provider.

YOFC has been committed to developing new innovative optical fibre and cable. By rolling out the BRIGHTS series of high-performance optical fibre and cable products and solutions, the company aims to create an intelligent, efficient, safe and stable optical network ecosystem for all-scenario applications, optimize and upgrade digital infrastructure, and support the growth of the digital economy. In the field of Marine Communication, YOFC creates a digital ecosystem for transoceanic transmission by exploring marine environments and overcoming geographical limitations. In addition, the company prioritizes the advancement of key technologies for digital manufacturing such as digital twins and industrial big data, fostering a new era of intelligent manufacturing. YOFC has also created an innovative smart grid system that propels the digital transformation of the power sector. In the transportation sector, the company incorporates digital technologies into rail systems, ensuring safe and efficient operation of digital cities. Furthermore, the company provides a minimalist, efficient and reliable pre-connected solution for fifth generation fixed network applications, empowering the development of intelligent infrastructure, with the ultimate goal of building a better digital future for all.


Since 2014, YOFC has been expanding its international operations in countries and regions targeted by the Belt and Road Initiative. With five production facilities in Brazil, Indonesia, Poland and South Africa alongside over 50 subsidiaries and branch offices outside of its home market of China, the company has built a global marketing and service network spanning over 90 countries and regions worldwide, facilitating the construction of global digital infrastructure.

As the digital economy remains a driving force for global development and progress, YOFC, based on its mission of “Smart Link  Better Life”, is dedicated to extending optical fibre connections worldwide. The company aims to bridge the digital divide by promoting the adoption of optical fibres globally while strengthening the all-optical foundation of the digital economy through the provision of top-notch products and solutions, ultimately contributing to the building of a community with a shared future for mankind.

https://en.yofc.com/ 

LightInTheBox Announces Share Repurchase Program

SINGAPORE, June 29, 2023  /PRNewswire/ — LightInTheBox Holding Co., Ltd. (NYSE: LITB) (“LightInTheBox” or the “Company“), an apparel e-commerce retailer that ships products to consumers worldwide, today announced that its board of directors (the “Board“) authorized on June 27, 2023 a share repurchase program under which the Company may repurchase up to US$10 million of its ordinary shares in the form of American Depositary Shares no later than December 31, 2023 (the “Share Repurchase Program“), subject to the relevant rules under the Securities Exchange Act of 1934, as amended (the “Exchange Act“), and the Company’s insider trading policy.

Mr. Jian He, the Chairman and CEO of LightInTheBox, commented, “The implementation of our share repurchase program reflects the confidence of the Board and management towards the Company’s strategy, operating fundamentals, and business prospects. This repurchase program reflects our commitment to enhance value for our shareholders.”

The Company’s share repurchases may be made from time to time on the open market at prevailing market prices, in open-market transactions, privately negotiated transactions or block trades, and/or through other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations. The timing and conditions of the share repurchases will be subject to various factors including the requirements under Rule 10b-18 and Rule 10b5-1 of the Exchange Act. The Board will review the Share Repurchase Program periodically and may authorize adjustments to its terms and size or suspend or discontinue the program. The Company expects to utilize its existing funds to fund repurchases made under the Share Repurchase Program.

About LightInTheBox Holding Co., Ltd.

LightInTheBox is an apparel e-commerce retailer that ships products to consumers worldwide. With a focus on serving its middle-aged and senior customers, LightInTheBox leverages its global supply chain and logistics networks, along with its in-house R&D and design capabilities to offer a wide selection of comfortable, aesthetically pleasing and visually interesting apparels that bring fresh joy to customers. LightInTheBox operates its business through www.lightinthebox.com, www.miniinthebox.com, www.ezbuy.sg and other websites as well as mobile applications, which are available in over 20 major languages and over 140 countries and regions. The Company is headquartered in Singapore, with additional offices in California, Shanghai and Beijing.

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

Forward-Looking Statements

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,” “potential,” “continue,” “ongoing,” “targets” and similar statements. Among other things, statements that are not historical facts, including statements about LightInTheBox’s beliefs and expectations, the business outlook and quotations from management in this announcement, as well as LightInTheBox’s strategic and operational plans, are or contain forward-looking statements.

LightInTheBox may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), 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. 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: LightInTheBox’s goals and strategies; LightInTheBox’s future business development, results of operations and financial condition; the expected growth of the global online retail market; LightInTheBox’s ability to attract customers and further enhance customer experience and product offerings; LightInTheBox’s ability to strengthen its supply chain efficiency and optimize its logistics network; LightInTheBox’s expectations regarding demand for and market acceptance of its products; competition; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in LightInTheBox’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and LightInTheBox does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Investor Relations
LightInTheBox Holding Co., Ltd.
Email: ir@lightinthebox.com

Jenny Cai
Piacente Financial Communications
Email: lightinthebox@tpg-ir.com

Brandi Piacente
Piacente Financial Communications
Tel: +1-212-481-2050
Email: lightinthebox@tpg-ir.com

Source: LightInTheBox Holding Co., Ltd.