Category Archives: PR Newswire

PR Newswire

Conversion of shares in AB Electrolux

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STOCKHOLM, April 28, 2023 /PRNewswire/ — According to AB Electrolux articles of association, owners of Series A shares are entitled to request that such shares are converted to Series B shares. Conversion reduces the total number of votes in the company.

During April 2023, 180 Series A shares were at the request of shareholders converted to Series B shares, following which the total number of votes amounts to 35,680,690.5.

The total number of registered shares in the company amounts to 283,077,393 shares, of which 8,192,168 are Series A shares and 274,885,225 are Series B shares.

CONTACT:

For further information, please contact Electrolux Group Press Hotline, +46 8 657 65 07.

The following files are available for download:

PR Newswire

Lotus Technology Enters into Agreements for $122M with Strategic Partners and Business Partners

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NEW YORK and SINGAPORE, April 28, 2023 /PRNewswire/ — Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker, announced today that it has entered into agreements with strategic partners and business partners for a total investment amount of approximately $122 million, which are subject to customary terms and conditions (including regulatory approvals) included in the definitive documentation. The financing marks a robust start to the Company’s ongoing fundraising and a major milestone in its planned business combination with L Catterton Asia Acquisition Corp (“LCAA”) (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm.

The financing demonstrates the strength of market confidence in Lotus Tech as the Company progresses to complete the previously announced business combination, which is expected to close later this year. The funds expected to be provided by the financing are intended to be used to further advance Lotus Tech’s development of next-generation automobility technologies, continue the Company’s expansion of its global distribution network, and promote product innovation.

The global luxury electric vehicle market is expected to expand at a compound annual growth rate of 35% between 2021 and 2031, reaching over 1.9 million units by the end of that period.[1] “As an early mover in the market, Lotus Tech is well-positioned to address unfilled demand and capitalize on the segment’s rapid growth. Our strategic partners are eager to contribute to our development with additional capital,” said Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech.

“We are encouraged by this support from our strategic partners as they continue to invest and demonstrate confidence in our performance and growth potential,” added Mr. Feng. “Beyond providing capital, our strategic partners’ extensive global relationships and deep industry expertise will help accelerate our business and technology development and product roll-out. We look forward to further executing our strategy and steering the industry towards a more sustainable future.”

[1] According to research by Oliver Wyman, LLC.

Overview of the Transactions Contemplated by the Business Combination

On January 31, 2023, Lotus Tech and L Catterton Asia Acquisition Corp announced the signing of a definitive agreement related to a proposed business combination that would result in Lotus Tech becoming a public company. Upon completion of the business combination, the combined company is expected to retain Lotus Tech’s name as “Lotus Technology Inc.” and its ordinary shares are expected to be listed on the Nasdaq under the ticker symbol “LOT.”

About Lotus Technology

Lotus Technology Inc., headquartered in Wuhan, China, has operations across China, the UK, and the EU. The Company is dedicated to delivering luxury lifestyle battery electric vehicles including SUVs and sedans with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.

About L Catterton Asia Acquisition Corp 

L Catterton Asia Acquisition Corp (NASDAQ: LCAA) is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While it may pursue an initial target business in any industry or sector, it has focused its search on high-growth, consumer technology sectors across Asia. For more information about L Catterton Asia Acquisition Corp, please visit www.lcaac.com.

About L Catterton

L Catterton is a market-leading consumer-focused investment firm, managing approximately $33 billion of equity capital across three multi-product platforms: private equity, credit and real estate. Leveraging deep category insight, operational excellence, and a broad network of strategic relationships, L Catterton’s team of more than 200 investment and operating professionals across 17 offices partners with management teams to drive differentiated value creation across its portfolio. Founded in 1989, the firm has made over 250 investments in some of the world’s most iconic consumer brands. For more information about L Catterton, please visit lcatterton.com.

Forward-Looking Statements

This press release (the “Press Release”) contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, that are based on beliefs and assumptions and on information currently available to Lotus Tech and LCAA. All statements other than statements of historical fact contained in this Press Release are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LCAA and its management, and Lotus Tech and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect to the proposed Business Combination between LCAA, Lotus Tech and the other parties thereto (the “Business Combination”); (2) the outcome of any legal proceedings that may be instituted against LCAA, the Combined Company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the amount of redemption requests made by LCAA public shareholders and the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of LCAA, to obtain financing to complete the Business Combination or to satisfy other conditions to closing and; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of the Company as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the Combined Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination; (9) risks associated with changes in applicable laws or regulations and Lotus Tech’s international operations; (10) the possibility that Lotus Tech or the Combined Company may be adversely affected by other economic, business, and/or competitive factors; (11) Lotus Tech’s estimates of expenses and profitability; (12) Lotus Tech’s ability to maintain agreements or partnerships with its strategic partner Geely Holding and to develop new agreements or partnerships; (13) Lotus Tech’s ability to maintain relationships with its existing suppliers and strategic partners, and source new suppliers for its critical components, and to complete building out its supply chain, while effectively managing the risks due to such relationships; (14) Lotus Tech’s reliance on its partnerships with vehicle charging networks to provide charging solutions for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (15) Lotus Tech’s ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from lithium-ion battery cells catching fire or venting smoke; (16) delays in the design, manufacture, launch and financing of Lotus Tech’s vehicles and Lotus Tech’s reliance on a limited number of vehicle models to generate revenues; (17) Lotus Tech’s ability to continuously and rapidly innovate, develop and market new products; (18) risks related to future market adoption of Lotus Tech’s offerings; (19) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (20) Lotus Tech’s reliance on its partners to manufacture vehicles at a high volume, some of which have limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to Lotus Tech by its partners in order for Lotus Tech to be able to increase its vehicle production capacities; (21) risks related to Lotus Tech’s distribution model; (22) the effects of competition and the high barriers to entry in the automotive industry, and the pace and depth of electric vehicle adoption generally on Lotus Tech’s future business; (23) changes in regulatory requirements, governmental incentives and fuel and energy prices; (24) the impact of the global COVID-19 pandemic on LCAA, Lotus Tech, Lotus Tech’s post business combination’s projected results of operations, financial performance or other financial metrics, or on any of the foregoing risks; and (25) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in LCAA’s final prospectus relating to its initial public offering (File No. 333-253334) declared effective by the SEC on March 10, 2021, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission (the “SEC”) by LCAA or Lotus Tech, including the Registration/Proxy Statement (as defined below). There may be additional risks that neither LCAA nor Lotus Tech presently know or that LCAA or Lotus Tech currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved in any specified time frame, or at all, or that any of the contemplated results of such forward-looking statements will be achieved in any specified time frame, or at all. The forward-looking statements in this Press Release represent the views of LCAA and Lotus Tech as of the date they are made. While LCAA and Lotus Tech may update these forward-looking statements in the future, LCAA and Lotus Tech specifically disclaim any obligation to do so, except to the extent required by applicable law. You should not place undue reliance on forward-looking statements.

Projections

Lotus Tech’s independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Press Release, and accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this Press Release. These projections should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. While such information and projections are necessarily speculative, LCAA and Lotus Tech believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of Lotus Tech or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this Press Release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved.

Actual results may differ as a result of the completion of Lotus Tech’s financial reporting period closing procedures, review adjustments and other developments that may arise between now and the time such financial information for the period is finalized. As a result, these estimates are preliminary, may change and constitute forward-looking information and, as a result, are subject to risks and uncertainties. Neither Lotus Tech’s nor LCAA’s independent registered accounting firm has audited, reviewed or compiled, examined or performed any procedures with respect to the preliminary results, nor have they expressed any opinion or any other form of assurance on the preliminary financial information.

Additional Information

In connection with the proposed Business Combination, (i) Lotus Tech is expected to file with the SEC a registration statement on Form F-4 containing a preliminary proxy statement of LCAA and a preliminary prospectus (the “Registration/Proxy Statement”), and (ii) LCAA will file a definitive proxy statement relating to the proposed Business Combination (the “Definitive Proxy Statement”) and will mail the Definitive Proxy Statement and other relevant materials to its shareholders after the Registration/Proxy Statement is declared effective. The Registration/Proxy Statement will contain important information about the proposed Business Combination and the other matters to be voted upon at a meeting of LCAA shareholders to be held to approve the proposed Business Combination. This Press Release does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination.

Before making any voting or other investment decisions, securityholders of LCAA and other interested persons are advised to read, when available, the Registration/Proxy Statement and the amendments thereto and the Definitive Proxy Statement and other documents filed in connection with the proposed Business Combination, as these materials will contain important information about LCAA, Lotus Tech and the Business Combination. When available, the Definitive Proxy Statement and other relevant materials for the proposed Business Combination will be mailed to shareholders of LCAA as of a record date to be established for voting on the proposed Business Combination. Shareholders will also be able to obtain copies of the Registration/Proxy Statement, the Definitive Proxy Statement and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: LCAA, 8 Marina View, Asia Square Tower 1, #41-03, Singapore 018960, attention: Katie Matarazzo.

INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Participants in the Solicitation

LCAA and Lotus Tech, and certain of their directors and executive officers, may be deemed participants in the solicitation of proxies from LCAA’s shareholders with respect to the proposed Business Combination. A list of the names of those directors and executive officers and a description of their interests in LCAA is set forth in LCAA’s filings with the SEC (including LCAA’s final prospectus related to its initial public offering (File No. 333-253334) declared effective by the SEC on March 10, 2021), and are available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to LCAA, 8 Marina View, Asia Square Tower 1, #41-03, Singapore 018960, attention: Katie Matarazzo. Additional information regarding the interests of such participants and other persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders in connection with the proposed Business Combination will be contained in the Registration/Proxy Statement for the proposed Business Combination when available.

No Offer and Non-Solicitation

This Press Release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of LCAA or Lotus Tech, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.

Contact Information

For inquiries regarding Lotus Tech

Demi Zhang
ir@group-lotus.com

Brunswick Group
Lotustechmedia@brunswickgroup.com

For inquiries regarding LCAA and/or L Catterton
Julie Hamilton (U.S.)
media@lcatterton.com
+1 203 742 5185

Bob Ong / Bonnie Gan (Asia)
bob.ong@lcatterton.com / bonnie.gan@lcatterton.com
+65 6672 7619 / +86 10 8555 1807

Source: Lotus Technology Inc.

PR Newswire

“Bleach: Brave Souls” × Burn the Witch Collaboration Event Round 4 Begins

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TOKYO, April 28, 2023 /PRNewswire/ — KLab Inc., a leader in online mobile games, announced that its hit 3D action game Bleach: Brave Souls, currently available on smartphones, PC, and PlayStation 4, will hold a collaboration event featuring Burn the Witch characters starting Sunday, April 30, 2023.

Bleach: Brave Souls will hold a collaboration event featuring Burn the Witch characters starting Sunday, April 30, 2023. In round 4 of this campaign, players can enjoy special Summons featuring characters wearing outfits with Japanese parasols from the London-based “Burn the Witch”, event quests following an original Brave Souls story relating to the outfits, and more.
Bleach: Brave Souls will hold a collaboration event featuring Burn the Witch characters starting Sunday, April 30, 2023. In round 4 of this campaign, players can enjoy special Summons featuring characters wearing outfits with Japanese parasols from the London-based “Burn the Witch”, event quests following an original Brave Souls story relating to the outfits, and more.

See the original press release (https://www.klab.com/en/press/) for more information.

In round 4 of this campaign, players can enjoy special Summons featuring characters wearing outfits with Japanese parasols from the London-based “Burn the Witch”, event quests following an original Brave Souls story relating to the outfits, and more.

Check out the fourth collaboration between Bleach: Brave Souls and the latest series Burn the Witch by Tite Kubo, the creator of Bleach.

In addition, a BTW Collaboration RT Campaign will be held from Sunday, April 30 where 400 participants can win amazing prizes such as a PlayStation 5, an autograph of a voice actor featured in Burn the Witch, and more.

Burn the Witch Collaboration Summons: Japanese Parasol: Chic:
https://youtu.be/RxLuy8BwzeM

BTW Collab RT Campaign, Win Amazing Prizes Such as a PlayStation 5, an Autograph of a Voice Actor Featured in Burn the Witch, and More

To celebrate this Brave Souls and Burn the Witch collaboration, a BTW Collab RT Campaign will be held from Sunday, April 30.

How to Enter

  1. Follow the Bleach: Brave Souls official Twitter account (@Bleachbrs_en)
  2. Retweet the specified tweet from the official Twitter account

Overview of Bleach: Brave Souls

Download here

App Store: https://itunes.apple.com/app/id1003168863
Google Play: https://play.google.com/store/apps/details?id=com.klab.bleach
Steam: https://store.steampowered.com/app/1201240/BLEACH_Brave_Souls
PlayStation Store: https://store.playstation.com/concept/10002097

Source: KLab Inc.

PR Newswire

NAB Show Recognizes Prime Focus Technologies’ CLEAR® and CLEAR® AI with Coveted 2023 Product of the Year Awards

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LOS ANGELES, April 28, 2023 /PRNewswire/ — NAB Show, the premier media and entertainment industry event, announced Prime Focus Technologies (PFT) as a double winner of the prestigious 2023 Product of the Year Awards. NAB Show Product of the Year Award Winners were selected by a panel of industry experts in 15 categories and announced in a live awards ceremony at NAB Show. The nominated products had to come from companies exhibiting at the 2023 NAB Show and be delivered within the 2023 calendar year to be eligible for an award. 

T Shobhana, Senior Vice President and Global Head of Marketing at PFT receives the award from Eric Trabb, Senior Vice President and Chief Customer Success Officer at NAB.
T Shobhana, Senior Vice President and Global Head of Marketing at PFT receives the award from Eric Trabb, Senior Vice President and Chief Customer Success Officer at NAB.

PFT’s CLEAR® AI Reframe and CLEAR® Localize products received recognition in the Capitalize category, marking a significant achievement for the company.

“Every year, the NAB Show showcases new, groundbreaking products that have the potential to transform the media and entertainment industry,” said Eric Trabb, Senior Vice President and Chief Customer Success Officer at NAB. “The 2023 Product of the Year Awards winners have demonstrated how they can help revolutionize the content lifecycle at all stages. We congratulate PFT on their double win.”

CLEAR® AI Reframe enables content creators to automatically adapt their content seamlessly to fit various social media platforms. Meanwhile, CLEAR® Localize is an innovative solution that simplifies the localization process, allowing content owners and distributors efficiently deliver localized content to global audiences.  

“We are stocked to receive this prestigious recognition for our CLEAR® products,” said Murali Sridhar, Senior Vice President, and Global Head of Product Management at PFT. ” We understand the importance of adapting to the changing digital landscape and empowering our customers with the tools they need to succeed. These awards validate our forward-thinking approach, and we will continue pushing the boundaries of what’s possible in digital content creation and distribution.” 

To learn more about CLEAR® and CLEAR® AI, schedule a meeting with us here.

About Prime Focus Technologies

Prime Focus Technologies (PFT) is the creator of CLEAR® and CLEAR® AI. It offers streaming platforms, studios, and broadcasters transformational AI-led technology and media services powered by the Cloud that help them lower their Total Cost of Operations (TCOP) by automating their content supply chain. PFT works with major companies like Walt Disney-owned Star TV, Channel 4, ITV, Sinclair Broadcast Group, A&E Networks, Hearst Television, Warner Media, PBS, CBS Television Studios, 20th Century Fox Television Studios, Lionsgate, Showtime, HBO, NBCU, TERN International, Disney+ Hotstar, BCCI, Indian Premier League and more.

For more information, visit www.primefocustechnologies.com.  

Press Contact:
T Shobhana
Senior Vice President and Global Head of Marketing
Prime Focus Technologies
Los Angeles, CA
t.shobhana@primefocus.com

PR Newswire

HUYA Inc. to Report First Quarter 2023 Financial Results on Tuesday, May 16, 2023

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-Earnings Call Scheduled for 8:00 a.m. ET on May 16, 2023-

GUANGZHOU, China, April 27, 2023  /PRNewswire/ – HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game live streaming platform in China, today announced that it will report its first quarter 2023 unaudited financial results on Tuesday, May 16, 2023, before the open of U.S. markets.

The Company’s management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on May 16, 2023 (8:00 p.m. Beijing/Hong Kong time on May 16, 2023).

For participants who wish to join the call, please complete online registration using the link provided below 20 minutes prior to the scheduled call start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.

Participant Online Registration: https://register.vevent.com/register/BIe82fc192cd4a4b74b622d88c3abadcea 

Once complete the registration, please dial-in at least 10 minutes before the scheduled start time of the earnings call and enter the personal PIN as instructed to connect to the call.

A live webcast of the earnings call will be accessible at https://ir.huya.com and a replay of the webcast will be available following the session.

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China with a large and active game live streaming community. The Company cooperates with e-sports event organizers, as well as major game developers and publishers, and has developed e-sports live streaming as one of the most popular content genres on its platform. The Company has created an engaged, interactive and immersive community for game enthusiasts of China’s young generation. Building on its success in game live streaming, Huya has also extended its content to other entertainment content genres. Huya’s open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company.

For more information, please visit: https://ir.huya.com.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

Source: HUYA Inc.

PR Newswire

PatSnap Publishes 2023 Annual Report on the State of IP in a Tech-Driven World

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LONDON, April 27, 2023 /PRNewswire/ — PatSnap, a leading provider of innovation intelligence solutions, has released its 2023 Annual Report on the State of IP, uncovering the future of IP in a technology-driven world. The report offers valuable insights into the IP strategies of companies across industries, highlighting critical factors that impact IP management.

The report was built from a comprehensive survey of over 800 companies involved in IP and R&D activities on a global scale. Among the survey respondents, 74% identified themselves as mature public or private companies, while 22% identified themselves as startups, early-stage, or expansion-stage ventures. The report encompasses a diverse range of industries, including Energy and Electrical, Chemicals and Materials, Semiconductors, Communications and Information Technology, Consumer Electronics, Automotive, Equipment, Life Science and Healthcare, as well as other sectors such as traditional manufacturing and services.

One of the key takeaways from the report is that a company’s IP department reporting structure plays a critical role in its IP strategy. It reveals that only a third of companies have their IP department report to the CEO or CTO. The report underscores the need for a well-structured IP department with a clear reporting line to ensure effective management of IP.

Although most companies believe patents will contribute significant value to their organization in the next two to three years, with protecting the outcome of R&D being the most significant value, IP and R&D teams face several challenges when it comes to working together. One of the major obstacles reported is the lack of patent knowledge possessed by R&D professionals, which can make collaboration difficult.

The report also discusses how technology companies manage their corporate patents, protection and monetization strategies, and overall patent management strategies. It examines the views of IP and R&D departments on patents as a source of tech intelligence, collaboration obstacles, and future expectations for IP.

Jeffrey Tiong, CEO of PatSnap, said, “This report provides critical insights into the challenges faced by companies in managing their intellectual property, particularly in today’s technology-driven world. By elevating the role of the IP department and implementing collaborative processes and tools, companies can streamline innovation and protect their business.”

PatSnap’s 2023 Annual Report on the State of IP offers crucial insights to IP and R&D professionals, enabling them to develop strategies to manage IP matters effectively within their organizations. With the emergence of AI-powered technology, companies can improve their ability to manage their intellectual property, gain insights into competitors’ technology, and make informed decisions about their R&D investments.

To download the report, visit: https://info.patsnap.com/en/en/2023-annual-report-on-the-state-of-ip 

About PatSnap: Founded in 2007, PatSnap is the company behind the world’s leading AI-powered innovation intelligence platform. PatSnap provides global businesses with a connected, easy-to-use platform that helps them make better decisions in the innovation process. Customers are innovators across multiple industry sectors, including agriculture and chemicals, consumer goods, food and beverage, life sciences, automotive, oil and gas, professional services, aviation and aerospace, and education. 

PR Newswire

Dreame Technology launches DreameBot L10 Ultra – The Latest Fully Automated Cleaning Robot

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SAN FRANCISCO, April 27, 2023 /PRNewswire/ — Dreame Technology (“Dreametech”), a global leader in smart home cleaning appliances, announced the release of their brand-new DreameBot L10 Ultra Robot Vacuum and Mop in the US market. DreameBot L10 Ultra is poised to bring highly accessible fully automated cleaning to the market with a powerful combination of advanced robotic technologies and base station automation. With market-leading suction power, incredibly thorough dual rotary mopping, and auto-empty, mop washing, mop drying, and automatic water- and solution-adding functions, as well as powerful navigation technologies, DreameBot L10 Ultra is a comprehensive cleaning companion for any household.

Dreame Technology launches DreameBot L10 Ultra — The Latest Fully Automated Cleaning Robot
Dreame Technology launches DreameBot L10 Ultra — The Latest Fully Automated Cleaning Robot

At the heart of the DreameBot L10 Ultra is a commitment to convenience and efficiency. For this reason, Dreametech is dedicated to making the full automation of the base station functions a huge priority.

Using high-capacity 3L dust bags, DreameBot L10 Ultra provides up to 60 days of continuous cleaning before needing to change the bag. Furthermore, an advanced filtration system tightly locks dust into the dust bag to keep it out of the air. The bag is also automatically sealed when extracted from the base station to prevent leaks or accidental spilling so that once a home has been cleaned, it stays cleaned.

With an advanced DualBoost 2.0 auto-empty system, DreameBot L10 Ultra thoroughly empties the dust box in seconds while mitigating clogging so the only thing you have to do is toss out the full dust bag. Coupling this with automatic mop washing with hot air drying, maintaining the robot vacuum and mop is virtually hands free.

DreameBot L10 Ultra is further automated with water features that ensure DreameBot L10 Ultra has sufficient water to make floors throughout the home refreshingly clean.

The robot’s cutting-edge technology enables it to perform a wide range of tasks automatically, making it the perfect solution for busy individuals and families who want to maintain a clean home without the need for constant attention. DreameBot L10 Ultra’s powerful combination of robust vacuuming and mopping with advanced LiDAR navigation allows it to navigate complicated environments to tackle every surface in your home, whether it’s hardwood, tile, vinyl, or carpet.

With market-leading 5,300pa suction power and ultrasonic carpet detection, DreameBot L10 Ultra raises its mop pads up 10mm and boosts suction to the max on carpets to remove deeply embedded dirt and fine dust. When it’s time to mop, DreameBot L10 Ultra leverages its powerful suction, edge-sweeping side brushes, and high-speed rotary mopping to thoroughly scrub and clean floors. Whether you’re in need of detailed home cleaning or a quick cleanup before company comes over, DreameBot L10 Ultra has you covered.

“At Dreame Technology, we are thrilled to launch our latest innovation, the DreameBot L10 Ultra, in the US market. We believe that it’s a game-changer for anyone seeking a more convenient and efficient clean. Its advanced automation features and powerful cleaning capabilities make it the perfect companion for busy households, and we are confident that it will transform the way people approach cleaning,” said Product Manager from Dreametech,”We can’t wait to see the impact this advanced robot vacuum and mop has on the lives of our users, and we are proud to offer such an amazing product at an accessible price point.”

Dreame plans to launch the DreameBot L10 Ultra on Amazon at a price of $899.99, making it an affordable and accessible device for anyone who wants to experience the benefits of fully automated cleaning. This cutting-edge product is the perfect choice for anybody that is looking to upgrade their cleaning routine, whether they’re busy professionals, time-challenged parents, or just those who want a high-tech solution for their weekly cleanup.

About Dreame Technology

Established in 2017, Dreame Technology is an innovative consumer product company that focuses on smart home cleaning appliances with the vision to empower lives through technology. Follow us on Twitter, Facebook, and Instagram. For more information, please visit https://www.dreametech.com/

PR Newswire

Akamai Announces Brand Protector to Defend Against Phishing Attacks and Fake Websites

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SINGAPORE, April 26, 2023 /PRNewswire/ — Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced the availability of Brand Protector, a new solution that detect and disrupt phishing sites, fake stores, and brand impersonations. Brand Protector enables organizations to retain and grow customer loyalty while minimizing loss, drops in productivity and bad customer feedback.

According to Google, over 50,000 new phishing websites are created every week. Akamai Brand Protector inspects trillions of digital activities a day across both internal and external sources to discover abuse of an organization’s brand – often before an attack campaign launches. This shields businesses from revenue loss and increased risk by combating fake goods sales, phishing sites and unauthorized use of brand elements outside of its environment and across the internet.

Brand Protector addresses the problem of fraudulent impersonations with a four-step approach:

  • Intelligence: As the world’s largest distributed edge and cloud platform, our proprietary view across the worldwide web traffic analyzes over 600 TB of data a day. The depth of intelligence in Brand Protector is enhanced with third-party data feeds for holistic visibility into attacker actions everywhere.
  • Detection: Today’s brand attacks automate the deployment of malicious, short-lived websites. Akamai Brand Protector traces live traffic to detect brand abuse often before a phishing campaign begins – instead of relying on refreshed lists or delayed feeds. The outcome reduces attack impact, protecting customers and brand trust.
  • Visibility: Customer-centric design gives security teams vital security insight in a single dashboard view. After receiving intelligence, data signals are run through a series of heuristic and AI detectors. Akamai’s simplified user interface provides an instant understanding of real-time threats to customers via impersonations. Findings are ranked by threat score and users click into an alert to view analyzed threat data including confidence score, severity rating, number of affected users and a timeline of attack events.
  • Mitigation: Integrated takedown services help close the loop to combat brand fraud. Brand Protector enables security teams to issue a takedown request of the abusive site right in the detection screen. Takedown requests for Brand Protector automatically attach the detection’s evidence and supporting details for ease of use.

“Attackers are increasingly abusing trusted brand names to lure end-users through phishing and fake sites for the promise of financial gain,” said Rupesh Chokshi, Senior Vice President and General Manager, Application Security at Akamai. “Detecting the rapid deployment of these attack campaigns and mitigating them can be a challenge for global brands. Brand Protector retains customer loyalty and revenue by addressing these external attack campaigns before they can gain momentum.”

To learn more about Akamai’s Brand Protector and other products and capabilities that empower customers to provide consistent online experiences, please visit: https://www.akamai.com/products.

About Akamai

Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. Akamai Connected Cloud, a massively distributed edge and cloud platform, puts apps and experiences closer to users and keeps threats farther away. Learn more about Akamai’s security, compute, and delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on Twitter and LinkedIn.

Source: Akamai Technologies, Inc.

PR Newswire

Tencent Music Entertainment Group Filed 2022 Annual Report on Form 20-F

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SHENZHEN, China, April 26, 2023 /PRNewswire/ — Tencent Music Entertainment Group (“TME”, or the “Company”) (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission (the “SEC”) on April 25, 2023, U. S. Eastern Time.

The annual report can be accessed on TME’s investor relations website at ir.tencentmusic.com and on the SEC’s website at www.sec.gov. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME’s mission is to create endless possibilities with music and technology. TME’s platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

Investor Relations Contact
Tencent Music Entertainment Group
ir@tencentmusic.com
+86 (755) 8601-3388 ext. 818415

PR Newswire

CITD to Empower Smart Citi Teknologi with Cutting-Edge Technology for Revolutionizing Smart Cities Solutions in Asia Pacific Region

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HONG KONG, April 25, 2023 /PRNewswire/ — China Information Technology Development Limited (CITD) and Smart Citi Teknologi are strategically collaborating on developing mutually beneficial Smart Cities Solutions for the Asia Pacific region.

CITD is a company primarily engaged in the development of advanced artificial intelligence (“AI”) technologies and software while Smart Citi Teknologi is a Philippines-based Tech Company specialized in the development and integration of technologies into Smart Cities Solutions. 

Through the collaboration CITD will provide Smart Citi Teknologi access to its advanced AI and software solutions, enabling the development of innovative Smart Cities Solutions for managing extreme weather, pedestrian traffic, and public transportation.  CITD will also collaborate with Smart Citi Teknologi to promote the usage of autostereoscopic 3D technologies and development of 3D ecosystems within the Smart Cities.  These 3D ecosystems may include initiatives like 3D content generation, 2D-to-3D media conversion via AI as well as the adoption of 3D displays within the Smart Cities.   Furthermore, both companies will contribute their proprietary technologies to create new services for their respective markets.

Daniel Wong, CEO of CITD, expressing his excitement for the strategic collaboration with Smart Citi Teknologi, said, “The collaboration presents a great opportunity for both companies to work together.  We are committed to advancing the development of our artificial intelligence (AI) technologies and software.  The collaboration between CITD and Smart Citi Teknologi signifies a major step towards this objective, and we are very privileged to be able to have such an outstanding working partner.”

Mario Marcos, President and Founder of Smart Citi Teknologi, added, “The cooperation is expected to create a significant impact in the Philippines and the region.  Through this collaboration, Smart Citi Teknologi will be able to leverage CITD’s cutting-edge technology to greatly enhance our Smart Cities Solutions.  Ultimately, I am confident that the joint efforts of both companies will benefit communities across the region, transforming the way people live, work and play in Smart Cities

For more information about CITD, please visit www.CITD.com.hk.  For more information about Smart Citi Teknologi, please visit https://smartcititeknologi.com.

For media inquiries, please contact:

China Information Technology Development Limited
Email: info@citd.com.hk

Smart Citi Teknologi
Email: info@smartcititeknologi.com