Category Archives: PR Newswire

PR Newswire

Mecpow Revolutionizes Your Craft Projects with X4 Series Desktop Laser Engravers and Various Tool Options

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BERLIN, Aug. 9, 2024 /PRNewswire/ — Mecpow, a pioneer in innovative crafting solutions, introduces the X4 series laser engraving machines, compliant with European IEC Class 1 and US FDA Class 1 safety standards, along with the MP-30 mug press, the MP-3881 heat press, and the MIG-120 and MMA-120 welding machines, designed to revolutionize possibilities for home creators and DIY enthusiasts.

Mecpow X4/X4 Pro Engraving Machines

  • Safe and Enclosed Design

The X4 Pro features a fully enclosed, transparent cover that ensures superior laser filtration and user safety while providing excellent visibility. It complies with European IEC Class 1 and US FDA Class 1 standards.

  • Powerful Laser Module

The X4 series includes a 22W laser module capable of engraving and cutting materials such as wood, acrylic, and metal. It is compatible with LightBurn, LaserGRBL, and the MKSLaser app for iPhone and Android devices, allowing users to upload photos directly from their mobile devices.

  • User-Friendly Design

The X4 series incorporates a built-in multifunction control panel for standalone operation, simplifying engraving for users of all skill levels.

  • Enhanced Safety Features

The X4 series has integrated flame, tilt, and safety door sensors, along with an emergency stop switch. The X4 Pro also adds LED lighting and a camera module for improved visibility and precise object positioning.

MP-3881 Heat Press: An 8-in-1 versatile machine for applying graphics to metal pots, t-shirts, hats, mugs, and plates. Its advanced dual-tube heating technology ensures even heat distribution for professional-grade embossing.

MP-30 Mug Press: A versatile DIY tool designed for a variety of mugs and tumblers. It boasts an LCD control panel and a large 30 ounce capacity, making it ideal for personalizing your favorite drinkware.

MIG-120/MMA-120 Welding Machines: Dual-voltage welding machines feature a safety protection system, support for both MIG and MMA welding modes, adjustable welding current, and a portable handle, making them suitable for welding applications in various countries.

Pricing & Availability

The X4 series will be available starting August 10, while the other products will be available starting July 30. All will be on Mecpow.com, Geekbuying, Geekmaxi, and Amazon in the EU and US.

About Mecpow

Mecpow is a brand dedicated to empowering creators with reliable and innovative tools. With a focus on safety, quality, and user experience, Mecpow continues to push the boundaries of what’s possible in the world of home crafting.

For more information, visit mecpow.com.

PR Newswire

ADP Expands ADP SecurTime to the Philippines

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MANILA, Philippines, Aug. 7, 2024 /PRNewswire/ — ADP, a global leader in payroll and human capital management solutions, announces the rollout of ADP SecurTime, its cloud-based time and attendance solution, in the Philippines. This rollout aims to streamline payroll and workforce management process capabilities for businesses across the Philippines.

ADP SecurTime, acquired by ADP in 2023, offers robust cloud-based time tracking, attendance management, and workforce management software. It provides businesses with a range of intuitive and insightful features, including:

  • Capture real-time attendance: Utilises biometrics, tablet or mobile phone for real-time tracking
  • Time fraud prevention: Features geo-tagging, geo-fencing, live tracking and alerts
  • Integrated payroll and time: Reduces potential pay inaccuracies and administrative time
  • Centralized dashboard: Offers reports and analytics to identify patterns and discrepancies

“We are proud to introduce ADP SecurTime to the Philippines, empowering businesses with a state-of-the-art time and attendance solution tailored to meet the unique challenges of managing a diverse workforce,” said Jessica Zhang, Senior Vice President of APAC at ADP.

“By integrating our robust payroll solutions with ADP SecurTime, businesses in the Philippines can enhance efficiency and accuracy in workforce management. This powerful combination reduces administrative burdens and saves costs, enabling companies to focus more on strategic growth and employee satisfaction.”

“The rollout also underscores our commitment to supporting businesses with innovative solutions that drive productivity and compliance,” added Zhang.  

ADP provides services to a wide range of businesses and industries, helping organizations manage their payroll, HR, time, tax, and benefits needs. Serving more than one million clients in 140 countries, ADP has the experience and scale to support businesses of all sizes – from small business to global enterprise – across all industries.  

About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential.  HR, Talent, Time Management, Benefits and Payroll.  Informed by data and designed for people.  Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.

Copyright © 2024 ADP, Inc. All rights reserved.

Source: ADP, Inc.

PR Newswire

MSI Showcases CXL Memory Expansion Server at FMS 2024 Event

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Join the demonstration with Samsung and MemVerge to accelerate next-generation computing

SANTA CLARA, Calif., Aug. 7, 2024 /PRNewswire/ — MSI, a leading global server provider, is showcasing its new CXL (Compute Express Link)-based server platform powered by 4th Gen AMD EPYC™ processors at The Future of Memory and Storage 2024, at the Samsung booth (#407) and Memverge booth (#1251) in the Santa Clara Convention Center from August 6-8. The CXL memory expansion server is designed to enhance In-Memory Database, Electronic Design Automation (EDA), and High Performance Computing (HPC) application performance.                                                                            

MSI S2301 CXL Memory Expansion Server Boosts Application Performance with Support for CXL 2.0 Memory Expansion
MSI S2301 CXL Memory Expansion Server Boosts Application Performance with Support for CXL 2.0 Memory Expansion

“By adopting innovative CXL technology to expand memory capacity and bandwidth, MSI’s CXL memory expansion server integrates cutting-edge technology from AMD EPYC processors, CXL memory devices, and advanced management software,” said Danny Hsu, General Manager of Enterprise Platform Solutions. “In collaboration with key players in the CXL ecosystem, including AMD, Samsung, and MemVerge, MSI and its partners are driving CXL technology to meet the demands of high-performance data center computing.”

New CXL Memory Expansion Server Redefines High-Performance Computing

CXL Memory Expansion is a cutting-edge technology designed to enhance both the bandwidth and capacity of system memory in modern computing environments. The CXL 2.0 standard introduces a high-performance memory access mechanism that allows expansion devices to directly interface with the CPU’s memory hierarchy, treating the additional memory modules as if they were part of the system’s native memory. By connecting CXL Memory Expansion devices to the system, organizations can scale up their memory resources efficiently, achieving both greater memory capacity and improved data throughput for high-performance computing tasks.

The newly announced MSI S2301 server is ready for select 5th Gen AMD EPYC CPUs and significantly boosts application performance through its support for CXL 2.0 Memory Expansion. By integrating CXL 2.0 over PCIe 5.0 x8 links in an E3.S-2T form factor, the S2301 server allows users to seamlessly add CXL-compliant memory expansion devices, effectively extending the server’s memory resources beyond the limitations of traditional DRAM configurations. This capability enhances application performance in several ways: it increases the total amount of accessible system memory, high-performance computing tasks, and it improves memory bandwidth through direct, coherent access between the CPU and the additional memory modules. The high-speed CXL 2.0 interface enables rapid data transfer and low-latency communication between the server’s core components and the expansion memory, ensuring that applications can handle larger datasets and more simultaneous processes without performance bottlenecks.

CXL Innovative Ecosystem

Samsung’s introduction of the 256GB CXL memory modules based on CXL 2.0 is expected to accelerate the commercialization of next-generation memory solutions.

“Samsung welcomes the collaboration with MSI and AMD that will create a robust ecosystem for the CXL market and optimize the performance of our CXL 2.0 256GB CMM-D. The new CXL DRAM solution is expected to handle various workloads in MSI’s S2301 system,” said Jangseok Choi, vice president of the Memory New Business Planning Team at Samsung Electronics. “Samsung, MSI and AMD look forward to the momentum in innovation enabled through next-generation enterprise servers and data centers.”

Memory Machine X software from MemVerge optimizes the cost and performance of AI and other memory-intensive workloads by intelligently managing tiers of memory. The software tells you if adding CXL memory is appropriate for your application environment and uses bandwidth or latency QoS policies to automatically place your data in the right memory tier for optimum performance.

According to Charles Fan, CEO and Co-founder of MemVerge, “The availability of servers with qualified CXL peripherals and software is a breakthrough for the industry. It marks the beginning of the industry’s ability to satisfy pent-up demand from IT organizations ready to evaluate the added memory capacity and bandwidth expected from CXL.”

The joint demonstration showcases the next-generation CXL interface, which allows for significant expansion of both total system memory capacity and bandwidth via the addition of CXL Memory Expansion devices. With its expandable bandwidth and capacity when used with main DRAM, the technology’s advancement is expected to significantly impact the next-generation computing market.

MemVerge Memory Machine Showing the System Topology and Telemetry of the MSI S2301 with Samsung CXL Memory Modules and DRAM
MemVerge Memory Machine Showing the System Topology and Telemetry of the MSI S2301 with Samsung CXL Memory Modules and DRAM

PR Newswire

Silicon Motion Launches the Best Performance/Watt PCIe Gen5 SSD Controller at FMS 2024

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The Company Also Showcases SSD Solutions for Enterprise, PC, and Automotive AI Applications

TAIPEI and MILPITAS, Calif., Aug. 5, 2024 /PRNewswire/ — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion”), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced SM2508, the best power efficiency PCIe Gen5 NVMe 2.0 client SSD controller for AI PCs and gaming consoles. It’s the world’s first PCIe Gen5 client SSD controller using TSMC’s 6nm EUV process, offering a 50% reduction in power consumption compared to competitive offerings in the 12nm process. With less than 7W power consumption for the entire SSD, it delivers 1.7x better power efficiency than PCIe Gen4 SSDs and up to 70% better than current competitive PCIe Gen5 offerings on the market. Silicon Motion will be showcasing its SM2508 based SSD design and other innovations during the Future of Memory and Storage event from Aug. 6 to 8 at booth :

Silicon Motion’s SM2508 is a superior-performance, low-power PCIe Gen5 x4 NVMe 2.0 SSD controller designed for AI-capable PC notebooks. It supports eight NAND channels with up to 3,600 MT/s per channel, delivering sequential performance speeds of up to 14.5 GB/s and 13.6 GB/s and random performance speeds of up to 2.5M IOPS, providing up to 2x higher performance than PCIe Gen4 products. The SM2508 maximizes PCIe Gen5 performance with an impressive power consumption of approximately 3W. It features Silicon Motion’s proprietary 8th-generation NANDXtend® technology, which includes an on-disk training algorithm designed to reduce ECC timing. This enhancement boosts performance and maximizes power efficiency while ensuring compatibility with the latest 3D TLC/QLC NAND technologies, enabling higher data density and meeting the evolving demands of next-generation AI PCs.

“SSD storage solutions are continuously evolving to meet the new challenges posed by future AI applications, which demand data efficiency and high-performance models,” said Nelson Duann, Silicon Motion’s Senior VP of Client & Automotive Storage Business. “Our PCIe Gen5 SSD controller, with its best-in-class power efficiency, is designed to satisfy the unique demands of today’s AI-capable PCs, delivering high performance and power efficiency to meet the evolving AI PC standards of tomorrow.”

The SM2508 specifications include:

  • PCIe Gen5 x4, NVMe2.0
  • 8 NAND flash channels, up to 3600MT/s
  • TSMC’s 6nm process    
  • Powerful quad-core Arm® Cortex®-R8 CPU supporting four PCIe lanes of 32Gb/s data transfer speed
  • Up to 14.5GB/s and 13.6GB/s sequential performance and up to 2.5M IOPS random performance
  • Support the latest 3D TLC/QLC NAND

The SM2508 is being designed by multiple major SSD vendors including major NAND vendors.  Production ramp of SM2508 is targeted for Q4 of this year.

Besides the SM2508, the Silicon Motion exhibit will also include:

MonTitan™ PCIe Gen5 Enterprise SSD Development Platform for AI Storage Workloads

  • SM8366 : 14 GB/s sequential and 3.5 M IOPS random SSD performance, supporting capacities beyond 128TB with 16 channels providing up to 2400MT/s of TLC and QLC NAND.
  • MonTitan™ : Multi-Dimensional QLC-based PCIe Gen5 SSDs: Enabled by FDP and PerformaShape™ technologies to maximize AI Training Pipeline performance.

UFS 4.0 and USB Storage Solutions for AI PCs and AI Smartphones

  • SM2756 UFS4.0 controller: 65% more power-efficient than previous-generation UFS 3.1.
  • SM2322 USB SSD controller: Double up the capacity of the previous-generation for portable SSDs

Advanced Storage Solutions for AI in Automotive / IoT Edge Applications

Silicon Motion representatives will also be presenting at FMS forums. For further information, please visit: https://www.siliconmotion.com/events/2024FMS/

About Silicon Motion:

We are the global leader in supplying NAND flash controllers for solid state storage devices. We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications. We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs. For further information on Silicon Motion, visit us at www.siliconmotion.com.

PR Newswire

Infinix Teams Up with UNESCO and Google to Inspire Today’s Youth with AI and Robotics Education through the Largest CogLabs Workshop Ever

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NAIROBI, Kenya, Aug. 3, 2024 /PRNewswire/ — Infinix, a trendy tech brand crafted for young consumers, conducted the largest CogLabs workshop to date with more than 200 students at the University of Nairobi. Themed “Get in Now”, Infinix partnered with UNESCO and Google to inspire today’s youth with AI and robotics education through the CogLabs initiative. This project aims to equip the next generation of thinkers and makers in Africa with accessible, hands-on experiences in robotics, machine learning, and AI education.

The people in the picture from left to right are: Joan Nadal, Master Trainer of UNESCO at STEM Education; Michael Zeng, Brand Manager of Infinix Kenya; Amber Zhao, Infinix's Product Manager of AI; John Kimani, Head of Developer Relations, Sub-Saharan Africa, Google; and two representatives of the University of Nairobi.
The people in the picture from left to right are: Joan Nadal, Master Trainer of UNESCO at STEM Education; Michael Zeng, Brand Manager of Infinix Kenya; Amber Zhao, Infinix’s Product Manager of AI; John Kimani, Head of Developer Relations, Sub-Saharan Africa, Google; and two representatives of the University of Nairobi.

“It is a true honor for Infinix to collaborate with UNESCO and Google in globally promoting the CogLabs project,” said Michael Zeng, Brand Manager of Infinix Kenya. “This project is designed to build capacity in crucial domains such as robotics, machine learning, and AI, with a focus on education equality, to transform knowledge into resilient ownership and foster sustainable development.”

CogLabs Project Makes AI and Robotic Education Easy

The CogLabs project is an innovative educational initiative that aims to make AI and robotics accessible and engaging for today’s youth. Through a step-by-step process, participants can design and build their own robots using 3D printed parts and a second-hand phone, train the robots to recognize images, sounds, and poses, and program them to respond and perform simple tasks. CogLabs emphasizes sustainable design and provides code files, FAQs, and support to guide users.

CogLabs Workshop
CogLabs Workshop

“The CogLabs project is a shining example of how we can inspire and empower the next generation to embrace the transformative power of AI and robotics. By partnering with innovative companies like Infinix and Google, we are providing young learners with the tools and resources to design, build, and program their own robotic creations. This hands-on approach not only sparks their curiosity, but also equips them with the practical skills needed to thrive in the digital age,” said Joan Nadal, Master Trainer of UNESCO at STEM Education.

Celebrate the Largest CogLabs Workshop Yet and the Preview of the New CogLabs Mobile App

The CogLabs workshop, held at the prestigious University of Nairobi, was a resounding success, drawing the attention of esteemed guests and showcasing the institution’s commitment to fostering technological advancements. This landmark event, the largest CogLabs workshop to date, witnessed the active participation of over 200 eager students, who were empowered to acquire new skills, put their knowledge into practice, and create impactful solutions for the future.

During the workshop, students engaged in captivating hands-on activities, such as building their own robots by assembling 3D parts and repurposing used Infinix smartphones. This innovative approach breathed new life into the devices, enabling the students to train the robots to recognize surrounding objects, such as arrows, and respond accordingly by moving left, right, or forward. Through this process, the participants gained valuable insights into the realms of coding, machine learning, and AI recognition processes.

“We are thrilled to preview the mobile application of the CogLabs initiative,” shared John Kimani, Head of Developer Relations, Sub-Saharan Africa, Google. “Google’s emphasis on promoting digital literacy and making learning accessible to all aligns perfectly with the CogLabs mission. This mobile application will empower everyone to explore the world of machine learning and programming, without the need for a laptop, ensuring equal opportunities for all to create their own robotic wonders, wherever they may be.”

Infinix Get In Now: Inspiring Africa’s Youth with AI Education

The CogLabs project stands as a testament to Infinix’s unwavering commitment to empowering today’s youth with cutting-edge technology and smart devices. Recognizing Africa as the region where the brand originated in 2013, Infinix has strategically focused on promoting this groundbreaking initiative across the continent.

Through in-depth market research and collaborations with leading industry suppliers and research institutions, Infinix has meticulously optimized its products to address the specific demands and needs of local users in Africa. This attention to detail and understanding of the African landscape sets the stage for the transformative impact of the CogLabs project.

Infinix has made significant advancements in AI education and adoption in Africa. In 2020, the company released voice interaction technology supporting Hausa, and now provides support for major African languages. To further expand its language capabilities, Infinix has established specialized R&D centers focused on minor and regional languages across seven African countries, employing over 120 linguists. As Amber Zhao, Infinix’s Product Manager of AI, stated, “These centers are dedicated to developing localized AI language models that truly understand and serve the diverse linguistic needs of users across the continent.”

Starting from Kenya, Infinix plans to organize a series of CogLabs workshops across various African countries, providing primary, secondary, and tertiary students with opportunities to engage in hands-on learning experiences. These workshops will seamlessly integrate 3D printing, robot making, and basic programming knowledge, empowering the youth to explore the realms of advanced technologies.

“We firmly believe that every young mind possesses unlimited potential, and we believe that advanced technologies, such as AI, will open the doors to a brighter future for all,” added Michael Zeng, underscoring Infinix’s unwavering commitment to the project.

As the event theme boldly proclaims, “Get in Now: Inspiring Today’s Youth with AI Education”, the CogLabs initiative aspires to ignite the creativity, imagination, and problem-solving abilities of young people across Africa. Infinix has also pledged to continuously support the development of the CogLabs mobile application and provide Infinix smartphones for student experiences in each workshop, ensuring a seamless and accessible learning journey.

Robots
Robots

For more information about Infinix and its innovative products and initiatives, visit www.infinixmobility.com.

About Infinix

Infinix Mobility is a rapidly emerging technology brand that designs, manufactures and markets an expanding portfolio of smart devices worldwide under the Infinix brand, which was founded in 2013. Targeting today’s youth with first in class technology, Infinix creates trendy, powerful and attainably priced smart devices that bring the latest technology on the market to users around the world at a time when they need it at a price that they want it. For more information, please visit: http://www.infinixmobility.com/

About UNESCO

With 194 Member States, the United Nations Educational, Scientific and Cultural Organization contributes to peace and security by leading multilateral cooperation on education, science, culture, communication and information. Headquartered in Paris, UNESCO has offices in 54 countries and employs over 2300 people. UNESCO oversees more than 2000 World Heritage sites, Biosphere Reserves and Global Geoparks; networks of Creative, Learning, Inclusive and Sustainable Cities; and over 13 000 associated schools, university chairs, training and research institutions. Its Director-General is Audrey Azoulay.

“Since wars begin in the minds of men, it is in the minds of men that the defenses of peace must be constructed” – UNESCO Constitution, 1945.

More information: www.unesco.org

About Google

Google’s mission is to organize the world’s information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.

PR Newswire

Michael Leditzky promoted to Co-Geschäftsführer of SolidCAM GmbH

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SCHRAMBERG, Germany, Aug. 3, 2024 /PRNewswire/ — SolidCAM GmbH Geschäftsführer, Dr. Emil Somekh, has decided to promote Michael Leditzky to the position of Co-Manager effective August 1, 2024, to join him in the top management of SolidCAM GmbH.

Michael Leditzky promoted to Co-Geschäftsführer of SolidCAM GmbH
Michael Leditzky promoted to Co-Geschäftsführer of SolidCAM GmbH

Prior to joining SolidCAM GmbH in 2011, Michael Leditzky gained 10 years of experience in the CNC industry and the implementation of CAM Systems. He started at SolidCAM as a post-processor developer, then headed the post-processor team and eventually moved into technical management. In parallel to his working in SolidCAM, Michael continued his education to become a master craftsman in metalworking and finished his studies in business economics.

Michael was promoted to SolidCAM GmbH COO in 2019. Working closely with SolidCAM GmbH sales & technical teams, he has played since a key role in making SolidCAM GmbH a market leader in DACH for integrated CAD/CAM systems.  

“Exceptional service and tailor-made solutions are essential in the CAM software industry. Companies that recognize this will continue to be successful,” emphasizes Michael Leditzky. “It’s important to offer an excellent, user-friendly product, but first-class service is just as important. We place great importance on giving the highest priority to the needs and requirements of our customers.”

“Michael will work very closely with me to lead SolidCAM GmbH into the next phase of growth”, emphasizes Dr. Emil Somekh, “Michael has established strategically important partnerships, and his business and technical expertise will further contribute to SolidCAM’s successful market strategy and success. The new expanded management structure strengthens SolidCAM GmbH’s position as the premier provider of CAD/CAM solutions in DACH and paves the way for further growth and expansion of our market share “. 

For more information:

Jack Maner
Tel: 866-975-1115 Ext 51
jack.maner@solidcam.com
www.solidcam.com

PR Newswire

BellaDati, IoT Framework and advanced analytics software producer has been acquired by Hagiwara Electric Group, Tokyo Stock Exchange listed Company

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SINGAPORE, Aug. 2, 2024 /PRNewswire/ — “Acquisition of all BellaDati shares by Hagiwara Electric Group (Tokyo Stock Exchange listed company) is an amazing step ahead for BellaDati on its mission to provide the best IoT Framework and advanced analytics for customers in Japan and other markets worldwide”, says Martin Trgina, CEO and founder of BellaDati.

Martin Trgina (BellaDati Founder) a HTS President at the signing ceremony.
Martin Trgina (BellaDati Founder) a HTS President at the signing ceremony.

‘We believe that BellaDati joining our group and establishing a fusion business that leverages the strengths of our existing businesses will enable us to enter new markets and increase our competitiveness in existing markets, thereby enhancing the corporate value of our group’, says HAGIWARA TECHNO SOLUTIONS CO., LTD.

Martin Trgina will resign as a CEO immediately after the acquisition and will stay for a short transition period in Singapore based BellaDati PTE. LTD. After that he plans to fully focus on his new hi-tech Singapore based enterprise software venture.

As a new CEO of BellaDati will be appointed Mr. Kazuto Saito.

About BellaDati:  

BellaDati HQ was established in Singapore in 2013 by Martin Trgina. It has local offices in Singapore, Japan and Czechia . BellaDati is an IoT Framework and advanced analytics cloud and on-premise platform. Large and medium Japanese enterprises are using it to build their own market vertical solutions and services worldwide.  

About Hagiwara:

HAGIWARA ELECTRIC HOLDINGS CO., LTD (the “Company”) was founded in 1948 and is headquartered in Nagoya, Japan. In the Group’s medium-term management plan “Make New Value 2026” which newly started from the fiscal year ending March 31st, 2025, the Company aims to carry out structural transformation and establish a business base in readiness for a new stage of growth. HAGIWARA TECHNO SOLUTIONS CO., LTD (“HAGIWARA TECHNO SOLUTIONS”), the Company’s core subsidiary of ts Technology Solutions Business, sets its management vision based on the medium term management plan as “an engeneering company that supports the creation of future worksite through utilizing data.” Its business policy is to strengthen a platform business as a new business pillar that is expected to be profitable by valorizing data.

This time, HAGIWARA TECHNO SOLUTIONS have positioned Belladati as the core data infrastructure platform, and take on challenge of further expanding into new markets and high value-added businesses.

Contact:
BellaDati PTE, Ltd
milena.trginova@gmail.com
+65 9467 1839
Domicile: Singapore

PR Newswire

EMTECH ANNOUNCES BEYOND COMPLIANCE PRODUCT FOR FINTECHS TO PROACTIVELY MANAGE RISK

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NEW YORK and ACCRA, Ghana and LAGOS, Nigeria, July 31, 2024 /PRNewswire/ — Award-winning software provider, EMTECH has announced a new software product called Beyond Compliance, to help Financial Service Providers (FSPs) automate and manage regulatory compliance in one place. Regulatory Compliance is an imperative for FSPs as the fines for non-compliance can run into the billions of dollars. Beyond Compliance helps users stay ahead of regulatory issues before they result in fines, loss of a license, bankruptcy or closures.

EMTECH's Beyond Compliance software introduces a new way for fintechs to manage compliance and meet regulatory requirements.
EMTECH’s Beyond Compliance software introduces a new way for fintechs to manage compliance and meet regulatory requirements.

The ground-breaking Beyond Compliance product provides users with regulatory checklists and workflows to enable and guide them through compliance processes. By simply selecting their regulator or jurisdiction and providing a few details, users can standardize and automate compliance activities. EMTECH designed the compliance product to increase business efficiency and reduce labor costs while reducing fragmentation and manual processes.

As the incidences of fraud, digital identity theft and money laundering increase, a recent McKinsey & Company report, “The future of the payments industry: How managing risk can drive growth“ notes that service providers should “modify their risk management programs to protect their revenue and improve regulatory compliance. This may include enhancements to issue management, due diligence processes, risk appetite setting, or risk identification processes.”

“If fintech is to grow more resilient and effective at protecting consumers today and in the future, we have to rethink how compliance will be managed compared to how it’s done today. With highly fragmented regulatory requirements, risk monitoring and reporting methods, a more integrated compliance management platform is an essential tool for survival and growth” notes Carmelle Cadet, CEO and Founder of EMTECH.

The Beyond Compliance product provides “a great user experience, it is a customizable solution. The product is detailed and very effective in ensuring compliance to regulatory directives”, says beta user Kwasi Ofei, Head of Compliance at Juni Payments.

“Regulatory compliance can be a complex task for FSPs. EMTECH’s Beyond Compliance is designed to help fintechs manage their compliance requirements, in one or more markets, monitor their compliance status and provide a level of regulatory visibility that is required by Central Bankers and regulators,” says Steven Dickens, Chief Technology Advisor at The Futurum Group.

About EMTECH
EMTECH provides software, data and services that connect central banks to other regulators and financial services providers. EMTECH’s platforms power regulatory data exchange, compliance, supervision, currency issuance and currency movement in financial markets. The company is founded and led by a former IBM Blockchain Executive, Carmelle Cadet.

For more information visit the EMTECH website.

Media Contacts:

Linda Arroz, Makeover Media
Phone: 818.635.8753
email:linda.arroz@makeovermedia.com 

Mary Hall, Chief Marketing Officer, EMTECH
Email: Mary@EMTECH.com

PR Newswire

Litheli Launches Car Fridge Featuring Backpack Design & Detachable Battery for Ultimate Portable Chill

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NEW YORK, July 31, 2024 /PRNewswire/ — Litheli, a brand specializing in the design and manufacturing of battery-powered products, today announced the launch of FrozenPack, an all-around backpack car fridge that can be powered by a car cigarette port and detachable batteries.

FrozenPack offers rapid cooling in just 15 minutes from 77°F to 32°F (25°C to 0°C), with the lowest down to -4°F (-20°C), ensuring that your food and drinks stay chilled for any adventures. It boasts 77% larger capacity than traditional bulky car fridges, making it the ideal chill partner for all kinds of outings: place it in your car, secure it on your e-bike or as a backpack for the wildest adventures.

Litheli FrozenPack Car Fridge launches on Indiegogo
Litheli FrozenPack Car Fridge launches on Indiegogo

“FrozenPack overcomes limitations and brings you to destinations where wheels cannot reach. As the inventor of INFINITY POWER SHARE (IPS), Litheli aims to extend the value of detachable batteries and free them from garage or tool shed to the great outdoors,” said Ivy Ying, Litheli’s General Manager and Co-Founder.

FrozenPack can be powered in two ways: by a car cigarette port or the U20 IPS SUPER BATTERY, which is also the universal power source for all Litheli U20 products — from garden tools to power tools. The U20 Battery functions as a power bank to charge electronic devices, including laptops and mobile phones, and it can also be recharged via the USB-C port.

Litheli’s IPS Model of Battery-Powered Tools And Devices
Litheli’s IPS Model of Battery-Powered Tools And Devices

Pricing & Availability

Litheli FrozenPack is now available on Indiegogo at a Super Early Bird Price of 219 USD, a remarkable 31% discount from 319 USD, with add-ons like the L-shaped rack for e-bikes and motorbikes, eWagon W2 Pro for easy cruising, Electric SUP Air Pump for adventure gears, and Flint 288 power station for extended power charging.

FrozenPack is already in mass production and will soon be available in late September on Amazon US, litheli.com, and other online websites.

About Litheli

Founded in 2017, Litheli is the innovator of new energy power and tools, making power flexible and tools easier to use. As the creator of DC2.0 battery platform and Infinity Power Share (IPS), Litheli offers an independent and convenient energy experience with solar panels, power stations, and battery-powered products for users to enjoy in indoor, garden, car, and outdoor scenarios.

PR Newswire

Seadronix Disrupts Maritime Technology with Groundbreaking AI Model

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SEOUL, South Korea, July 30, 2024 /PRNewswire/ — Seadronix, a leader in AI-enabled autonomous ship navigation solutions, has announced the release of a groundbreaking white paper on artificial intelligence (AI) for marine object recognition. This innovative research introduces the VaDA (Vertical and Detail Attention) model, an advanced AI technology designed to recognize objects in challenging marine conditions, such as light reflections, interference, and adverse weather.

Example of benchmark dataset introduced in the white paper. Using the VaDA AI model, detailed segmentation of objects allows for accurate recognition of ships, terrain, and the sea surface.
Example of benchmark dataset introduced in the white paper. Using the VaDA AI model, detailed segmentation of objects allows for accurate recognition of ships, terrain, and the sea surface.

The VaDA model represents a significant technological breakthrough for Seadronix, the result of years of diligent work by researchers collecting and analyzing real operational data from the maritime industry, where data acquisition is notoriously difficult. VaDA’s development involved an unprecedented amount of real-maritime data, achieving state-of-the-art performance in terms of both accuracy and cost-effectiveness.

In a landmark move for the marine AI industry, Seadronix has also introduced the OASIs (Ocean AI Segmentation Initiatives) dataset, the first benchmark dataset of its kind. This initiative is set to transform the industry by providing a new standard for comparing AI technologies in object recognition, addressing a critical gap in maritime AI development.

Seadronix plans to showcase its key technologies, including the VaDA model and sensor fusion, at two prestigious international conferences: the IEEE/RSJ International Conference on Intelligent Robots and Systems (IROS) and the International Conference on Maritime Autonomous Surface Ships. By presenting at these events, Seadronix aims to cement its position as a global leader in maritime AI.

“The release of the OASIs benchmark dataset marks a significant milestone in the advancement of AI technology,” said Hankeun Kim, Chief Technology Officer of Seadronix. “We are committed to continuously driving innovation and development in the maritime AI sector.”

The introduction of object recognition AI technology is crucial for enhancing navigation assistance, safety, and ship automation. This technology is essential for autonomous navigation research, as it can detect and classify all objects at sea, from small buoys to large vessels and geographical features. Seadronix’s AI capabilities set a high standard in the industry.

Seadronix’s specialization in developing AI technology for marine environments, previously deemed impossible, positions the company as a leader in the digital transformation of the global shipping and port sectors. This innovation is poised to revolutionize autonomous navigation and serve as a game-changer in the industry.