Category Archives: PR Newswire

PR Newswire

Cango Inc. Announces New Share Repurchase Program

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SHANGHAI, April 21, 2023 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced that its board of directors has authorized a new share repurchase program (the “New Share Repurchase Program”) under which the Company may repurchase up to US$50 million worth of its outstanding (i) American depositary shares (“ADSs”), each representing two Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from April 25, 2023.

The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, in accordance with applicable rules and regulations. The number of ADSs and/or Class A ordinary shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions, along with Cango’s working capital requirements and general business conditions. The Company’s board of directors will review the New Share Repurchase Program periodically, and may authorize adjustment of its terms and size. The Company plans to fund the repurchases from its existing cash balance.

On April 22, 2022, the Company announced a share repurchase program (the “Existing Share Repurchase Program”) under which the Company may repurchase up to US$50 million worth of its outstanding ADSs and/or Class A ordinary shares. Pursuant to the Existing Share Repurchase Program, the Company had repurchased 2,794,557 ADSs from the open market with cash in the aggregate amount of approximately US$5.7 million up to April 17, 2023. For avoidance of doubt, the Existing Share Repurchase Program will remain in effect until its expiration on April 25, 2023.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in China’s automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products centering on customer needs for auto transactions, auto financing and after-market services. By working with platform participants, Cango endeavors to make car purchases simple and enjoyable, and make itself customers’ car purchase service platform of choice. For more information, please visit: www.cangoonline.com. 

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the “Business Outlook” section and quotations from management in this announcement, contain forward-looking statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. 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: Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; 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 Cango’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 Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com
Twitter: https://twitter.com/Cango_Group

Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: ir@cangoonline.com

Source: Cango Inc.

PR Newswire

Jim Lim joins Zühlke Group as Head of Health & Medtech in Singapore

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SINGAPORE, April 21, 2023 /PRNewswire/ — Zühlke Group is pleased to announce the appointment of Jim Lim as Head of Market Unit (Health & Medtech) at Zühlke Asia. Based in Singapore, Jim will lead the organisation’s regional efforts to serve the healthcare industry and continue to expand Zühlke’s healthcare expertise and offerings to the ecosystems of healthcare providers, pharmaceutical and medtech companies in Asia.

Jim Lim, Head of Health & Medtech - Zühlke Asia
Jim Lim, Head of Health & Medtech – Zühlke Asia

With over 24 years of ICT industry experience, Jim brings his wealth of experience providing strategic, business and technological advice to global clients. Having held various senior leadership positions across MNCs, Jim has served clients across multiple industry verticals such as healthcare, pharmaceutical, medtech, telecommunications, financial services, education and manufacturing. Jim was also the founding CEO of Good Doctor Technology, a joint venture between Ping An Good Doctor, Grab and Softbank.

Outside his corporate career, Jim is the co-founder of a socio-techno network focused on bringing together the expertise, experiences and connections of senior executives globally to contribute back to society. He is appointed Senior Fellow by the Singapore University of Social Sciences and Executive Education Fellow by the National University of Singapore. He also serves as an industry mentor for Young NTUC and Vice President for Cloud Security Alliance Singapore Chapter.

Driving the future of health innovation through impactful work

Jonas Trindler, CEO Asia, Member of Group Executive Board & Partner of Zühlke Group, commented, “We’re actively contributing to significant breakthroughs in the health markets, with the pandemic accelerating digitalisation across health ecosystems. Together with our clients, we are solving critical challenges in this space to improve healthcare with quality and access. We are confident that Jim’s extensive experience and strategic leadership will enable us to drive further growth and meaningful innovation in the health and medtech space.”

“Asia is paving the way for next-generation digital healthcare and medtech ecosystems. I look forward to leading Zühlke’s health market at such an exciting time and contributing to impactful innovation to transform and provide sustainable healthcare to the everyday lives of people,” commenting on his new role, Jim said.

Zühlke – Empowering Ideas.

Zühlke is a global innovation service provider. We envisage ideas and create new business models for our clients by developing services and products based on new technologies – from the initial vision through development to deployment, production, and operation. We specialise in strategy and business innovation, digital solutions, and application services – in addition to device and systems engineering. Our outstanding solutions provide unique business value and a reliable foundation for sustained success.

Zühlke was founded in Switzerland in 1968 and is owned by its partners. Our 1,900 employees are based in Austria, Bulgaria, Germany, Hong Kong, Portugal, Serbia, Singapore, Switzerland, the United Kingdom and Vietnam, serving clients from a wide range of industries. In addition, our venture capital arm Zühlke Ventures provides start-up financing in the high-tech sector.

Contact: Lorraine Lai, lorraine.lai@zuhlke.com, +6569217800

PR Newswire

Sangfor Technologies Ranks Among the World’s Largest Hyperconverged Infrastructure System (HCIS) Vendors in Gartner® Market Share Report

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A World-Leading HCIS Vendor

HONG KONG, April 21, 2023 /PRNewswire/ — Sangfor Technologies (Hereafter Sangfor) today announced that it has been listed among the world’s largest vendors of Integrated Systems (IS) in the recently published Gartner Market Share: Data Center Hardware Integrated Systems, Worldwide, 4Q22 Update[1].

According to the Market Share report, Sangfor ranks as the 6th largest vendor of Hyperconverged Infrastructure Systems (HCIS, Appliance) in the world and the 3rd largest HCIS vendor in the Asia-Pacific region by market share as of the end of 2022. Moreover, Sangfor is the only HCIS vendor to record quarter-over-quarter market share growth in Asia-Pacific for 2022.

Jeremy Jia, President of Sangfor International Market

“I am thrilled to announce that Sangfor has been ranked among the leading vendors of hyperconverged infrastructure systems in both the Asia Pacific and the world. Since the launch of Sangfor HCI in 2015, our R&D and product teams have continuously explored user needs and challenged technological boundaries to develop a powerful and innovative product that delivers exceptional value to our customers.

I believe this recognition is a testament to our commitment to innovation as well as the increasing satisfaction and trust of our customers. Moving forward, we remain resolute in our pursuit of excellence, and I am confident that the tireless efforts of our teams will pave the way for even greater accomplishments in the future.”

Summary of Key Sangfor Statistics:

  • 6th largest HCIS vendor in the world by market share as of Q4 2022
  • 3rd largest HCIS vendor in the Asia-Pacific region by market share as of Q4 2022
  • The only HCIS vendor to record Q/Q market share growth in the Asia-Pacific in 2022

Sangfor Named as a Representative Vendor for HCIS

Sangfor is also pleased to announce that it has been named as a Representative Vendor in the recently published Gartner Market Guide for Integrated Systems[2] for its Hyperconverged Infrastructure solution – Sangfor HCI.

What are Integrated Systems (IS)?

Integrated systems refer to a type of computing infrastructure that consists of preconfigured hardware and software components bundled together in a single stack. These systems combine servers, storage devices, network components, and management software, which work together seamlessly to provide a unified platform for managing data and applications.

One of the primary benefits of integrated systems is that they simplify the deployment, management, and maintenance of IT infrastructure. Organizations can avoid the complexity and cost associated with building and managing separate components. With an integrated system, they can achieve faster time-to-value, improved scalability, higher performance, and better reliability and availability.

Integrated Systems can further be divided into four segments:

  • Integrated Infrastructure System (IIS)
  • Integrated Reference Architecture (IRA)
  • Integrated Stack System (ISS)
  • Hyperconverged Infrastructure (HCI)

The HCI segment is further divided into:

  • Hyperconverged Integrated Systems (HCIS)
  • Hyperconverged Software

Sangfor Hyper-Converged Infrastructure (HCI) 

Sangfor HCI is a full-stack HCI software solution that can be deployed as an HCIS with Sangfor’s aServer appliance or as a software-only solution on commercially available x86 servers.

Sangfor HCI leverages the world’s most advanced virtualization technology to converge compute, storage, networking, and management into a unified software stack, delivering an agile, simple, resilient, and scalable software-defined data center. As a leading cybersecurity vendor, Sangfor is also the first HCI provider to virtualize proprietary security capabilities into its HCI software to provide robust infrastructure and data security. 

Key Points Sangfor has Identified in the
Gartner Market Guide[2]

How Sangfor HCI Satisfies These Key Points

“More solutions are now starting to integrate
one-touch upgrades for the entire stack, as
well as providing automation interfaces that
operate at a stack level, rather than on each
individual component of the stack.”

Sangfor HCI can help customers realize one-
click upgrade of their infrastructure on
Sangfor Cloud Platform.

 

“Prepare for future infrastructure needs by
prioritizing selection of IS vendors and
products that integrate with public cloud
environments.”

Sangfor HCI supports integration with
Amazon Web Services (AWS) in a hybrid cloud
solution. This hybrid cloud solution
provides unified management of both
environments to help customers transition
smoothly to hybrid or multi-cloud environments.

“When evaluating HCIS, I&O leaders must
determine whether vendors support
independent scaling of storage and compute.
They must also understand any limitations or
restrictions to independent scaling.“

A highly scalable Sangfor HCI platform allows
you to invest in what’s needed for your
enterprise at any time with the option to
expand or minimize at any point.

“Several HCIS vendors now support external
access to storage in the HCIS cluster through
block- and file-level interfaces. Some vendors
are delivering mesh style architectures where
storage resources can be shared between
clusters.”

Apart from HCI’s storage virtualization
(aSAN), Sangfor also provides block, file, and
object storage through aStor, a software-
defined storage solution that adopts a fully
symmetric distributed architecture to enable
the allocation of different storage resources.

“Utilize low-cost HCI and HCIS solutions at the
edge, but ensure that management and
orchestration features are designed for a
distributed environment.”

Sangfor Nano Cloud is specially designed for
small to medium-sized enterprises and edge
scenarios, fitted with different feature
packages that can be chosen based on the
user’s  specific needs.

Sangfor HCI supports a range of digital transformation use cases for organizations across all industries, including data center consolidation, cloud transformation, mission-critical application hosting, hybrid cloud, virtual desktop infrastructure, distributed storage, continuous data protection (CDP), and disaster recovery. 

Sangfor HCI is trusted by more than 10,000 customers worldwide, including Fortune Global 500 companies, government organizations, financial institutions, universities, and hospitals. It has received numerous industry recognitions from reputable global analyst firms, such as a Representative Vendor in the 2023 Gartner Market Guide for Full-Stack Hyperconverged Infrastructure Software[3], a Representative Vendor in the 2022 Gartner Market Guide for Server Virtualization[4], and a Sample Vendor in the Gartner Hype Cycle™ for Storage and Data Protection Technologies, 2022[5]. 

Free Trial 

Contact Sangfor to experience the benefits of Sangfor HCI first-hand with a Free Trial Promotion.

Useful Links 

Sources:

1. Gartner Inc., Market Share: Data Center Hardware Integrated Systems, Worldwide, 4Q22 Update, Andrew H Kim et al., April 3, 2023 
2. Gartner Inc., Market Guide for Integrated Systems, Tony Harvey et al., April 3, 2023
3. Gartner Inc., Market Guide for Full-Stack Hyperconverged Infrastructure Software, Jeffrey Hewitt et al., March 14, 2023
4. Gartner Inc., Market Guide for Server Virtualization, Michael Warrilow et al., February 7, 2022
5. Gartner Inc., Hype Cycle™ for Storage and Data Protection Technologies, 2022, Julia Palmer et al., July 1, 2022.

Gartner Disclaimer:

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and HYPE CYCLE is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Sangfor Technologies

Sangfor Technologies is an APAC-based, leading global vendor specializing in Cyber Security, Cloud Computing, and IT Infrastructure. Founded in 2000 and publicly listed since 2018 (STOCK CODE: 300454.SZ), Sangfor employs 9,500 employees, operates 60 offices, and serves more than 100,000 customers worldwide, many of them Fortune Global 500 companies, governmental institutions, universities, and schools.

Media Contact
Sunny Sun
+86 755 8656 0605
marketing@sangfor.com

PR Newswire

Full Truck Alliance Co. Ltd. Files Its Annual Report on Form 20-F

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GUIYANG, China, April 20, 2023 /PRNewswire/ — Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on April 19, 2023. The annual report can be accessed on the Company’s investor relations website at ir.fulltruckalliance.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Full Truck Alliance Co. Ltd., 16F, Building T2, SOHO Tianshan, No. 1717 Tianshan Road, Changning District, Shanghai, 200051, People’s Republic of China.

About Full Truck Alliance Co. Ltd.

Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services, including freight listing, freight brokerage and online transaction services. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, such as financial institutions, highway authorities, and gas station operators. With a mission to make logistics smarter, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com.

For investor and media inquiries, please contact:

In China:

Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com

The Piacente Group, Inc.
Hui Fan
Tel: +86-10-6508-0677
E-mail: FTA@thepiacentegroup.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com

Source: Full Truck Alliance Co. Ltd.

PR Newswire

uLab® Launches the Orthodontics Industry’s First Suite of Practice-Branded Packaging Options

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MEMPHIS, Tenn., April 19, 2023 /PRNewswire/ — uLab Systems™, the creator of the uSmile™ clear aligner platform and the new uAssist™ concierge service, announces it now offers orthodontists a suite of branding options that give them the ability to create a variety of custom-designed packaging products that will enhance the patient experience and can help grow new business. Since 2021, uLab customers have benefited from the option to package a patient’s aligner in a box designed with the orthodontist’s name and/or logo. Now, the aligner pouch and aligner case can also perform as marketing platforms and will come as a custom-branded package with the box. In addition, orthodontists can now order branded typodonts and patient brochures for their in-office consultations. The new suite of custom options will be available in May.  

An example suite of custom logo items for patient aligner cases manufactured by uLab Systems for Wu Orthodontics.
An example suite of custom logo items for patient aligner cases manufactured by uLab Systems for Wu Orthodontics.

“The ability to brand the aligner package, pouch, and aligner case with our practice logo allowed us to provide the patient with a unique, personalized experience,” says Dr. Kevin Oliviera from Coastal Orthodontics, a member of the pilot group that trialed the customized items. “When a patient is presented with a custom-branded package, it reinforces the value of receiving a high-quality aligner that was designed by someone they know and trust. The patient’s confidence in us and their peace of mind are invaluable,” he adds. Dr. Oliviera also notes that the branded items are giving his/her practice much more visibility in the community. “They are terrific marketing tools that distinguish us from other practices.”

Orthodontists develop long-term relationships over the course of their career with the communities where they practice, even treating several generations of families.  “At uLab, we believe it’s more important that our customers promote their brand rather than the manufacturer’s,” says Amir Abolfathi, chief executive officer and co-founder of uLab.  “It is the orthodontist’s expertise and their patient care that help create beautiful smiles. uLab provides them with the innovative software tools and proven materials they need to develop an effective treatment, but it is ultimately up to them to create the smiles. Their brand and expertise are what patients should associate with quality results.”

uLab is dedicated to innovating for the orthodontic specialty, providing practitioners with easy access to innovative, state-of-the-art tools that enable the flexibility to control the patient treatment plan, unencumbered by pricing structure confines and restrictive protocols. The company has delivered on that commitment since its inception with the release of its in-office aligner design and printing software, uSmile aligners, the uAssist concierge service, and now its custom packaging capabilities. uLab has future plans for “all-digital” platform options, enhanced AI-guided planning tools, and features to enable direct print outputs.

uSmile aligners are manufactured in Memphis, Tennessee, and can be delivered in as few as three business days*. The uLab platform allows orthodontists ultimate control over their aligner treatments. More than 800,000 aligner treatment cases have been planned to date.

* Shipment times may vary depending on location and delivery time selection.

About uLab Systems
uLab Systems is led by an experienced team of healthcare innovators helping to transform options for orthodontic practices to provide the best outcomes for their patients. uLab’s mission is to advance the orthodontic industry with aligner products and digital treatment planning software that let orthodontists take back control of their treatment plans. To learn more visit www.ulabsystems.com. Contact: David Thrower, Chief Commercial Officer, pr@ulabsystems.com

© 2023 uLab Systems, Inc. All Rights Reserved. uLab Systems, uSmile, uAssist, uView, Smart Outcomes, and Smart Office are trademarks and uLab and uDesign are registered trademarks of uLab Systems, Inc. MAR-0001304 Rev 1
Now available! Orthodontists that want to promote their brand for patient aligner cases will now receive custom logo aligner pouches and an aligner case packaged with the custom logo box.
Now available! Orthodontists that want to promote their brand for patient aligner cases will now receive custom logo aligner pouches and an aligner case packaged with the custom logo box.

Photo – https://techent.tv/wp-content/uploads/2023/04/ulab-launches-the-orthodontics-industrys-first-suite-of-practice-branded-packaging-options-2.jpg
Photo – https://techent.tv/wp-content/uploads/2023/04/ulab-launches-the-orthodontics-industrys-first-suite-of-practice-branded-packaging-options.jpg
Logo – https://techent.tv/wp-content/uploads/2023/04/ulab-launches-the-orthodontics-industrys-first-suite-of-practice-branded-packaging-options-1.jpg

Source: uLab Systems, Inc.

PR Newswire

Global Sources and MU Group Enter RMB 100 million Strategic Cooperation Agreement

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HONG KONG, April 19, 2023 /PRNewswire/ — Global Sources and MU Group have signed a strategic cooperation framework agreement with a total value of RMB 100 million onsite at Global Sources’ Hong Kong trade shows on April 18, 2023. The agreement was witnessed by Mr. Hu Wei, Chief Executive Officer of Global Sources, and Mr. Tang Yihu, Chairman and President of MU Group. Ms. Carol Lau, Senior Vice President of Customer Service, Marketing & Business Analytics at Global Sources, and Mr. Fan Yunchang, General Manager of Yiwu Kesai Import & Export Co., Ltd., a representative of MU Group, signed the agreement.

Under the terms of the agreement, Global Sources and MU Group will establish a deep partnership, with MU Group investing RMB 100 million over the next three years to provide exclusive, tailor-made services for Global Sources’ B2B online trading platform and offline exhibitions, for itself and its subsidiaries, with the aim of expanding its B2B market and overseas presence.

Ms. Carol Lau (right) and Mr. Fan Yunchang(left) signed the agreement
Ms. Carol Lau (right) and Mr. Fan Yunchang(left) signed the agreement

Carol Lau stated that as a leading international B2B multi-channel trading platform, Global Sources serves as a bridge connecting verified suppliers and buyers worldwide. She highlighted that the successful conclusion of this extensive three-year agreement with MU Group signifies the recognition of Global Sources’ strength by its customers. Under the cooperation framework, Global Sources will provide MU Group with exclusive customized services by integrating and leveraging its online and offline resources, particularly the new iteration and upgrade of online functions on Global Sources Online (GSOL), its online trading platform. This will enable MU Group to navigate the complex global market and promote the growth of international trade.

Tang Yihu expressed high expectations for the cooperation. He noted that previous work with Global Sources has yielded remarkable results, which is why MU Group has chosen Global Sources as its strategic partner for future development. With this strengthened cooperation in place, MU Group aims to utilize the digital and offline exhibition solutions provided by Global Sources to expand into European and American markets and aggressively develop the cross-border B2B market. Mr. Tang also believes that online buyers will increasingly seek suppliers through online platforms like Global Sources, and strategic cooperation between the two parties will benefit MU Group in further developing overseas e-commerce customers. The Group aspires to become the largest cross-border B2B purchasing company and overseas e-commerce supply chain management company in Asia within the next three years.

About Global Sources

Global Sources is an internationally recognized B2B sourcing platform that has been driving global trade for over 50 years. The Company connects authentic buyers and verified suppliers worldwide with tailored solutions and trusted market intelligence through trade shows, digital platforms, and magazines. Global Sources pioneered the world’s first cross-border B2B E-commerce web site GlobalSources.com in 1995. The Company has over 10 million registered international buyers and users.

About MU Group

MU Group in founded by the end of year 2003 and was formerly well known as MARKET UNION CO., LTD. Currently, MU Group is covering more than 50 trade subsidiaries and divisions in the export trade industry. MU Group launches operating centers in Ningbo, Yiwu, and Shanghai; and branches in Guangzhou, Shantou, Shenzhen, Qingdao, and overseas.

PR Newswire

BETT 2023: ViewSonic’s EdTech Ecosystem and Innovative Display Solutions Impressed the Visitors

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BREA, Calif., April 19, 2023 /PRNewswire/ — ViewSonic Corp., a leading global provider of visual solutions, has concluded a successful three-day exhibition at the BETT Show 2023 (British Educational Training and Technology Show) in London. Visitors were greatly impressed by the company’s innovative EdTech solutions, especially the revolutionary 5K 105″ ViewBoard interactive display, the 135″ All-in-One LED Display Solution Kit with a foldable screen, as well as the latest UNIVERSE virtual campus, and myViewBoard software suite.

“ViewSonic is dedicated to partnering with the industry to offer innovative visual solutions, encompassing hardware, software, and service,” said Thomas Müller, Vice President of Sales and Marketing West Europe. “At BETT, we were proud to showcase our achievements in assisting educators to overcome the challenges of digital education. Moving forward, we remain steadfast in working with our industry partners to accelerate the pace of digital transformation in the education sector.”

At the show, ViewSonic presented a full lineup of the ViewBoard interactive displays and the myViewBoard software suite. The most eye-catching model was the latest 21:9 5K 105″ ViewBoard with a conferencing camera that provided an ideal solution for hybrid learning. The 21:9 ratio screen can be split into two screens that allow teachers to use the whiteboard and play videos at the same time. ViewSonic also showcased ViewSonic Originals, a collection of pre-made content that enables teachers to create interactive digital lessons, and in-class gamification and social-emotional learning from the collaboration with partners. Furthermore, the myViewBoard Manager and environment sensor box support schools to manage devices remotely and create an optimal learning environment.

Another highlight was the 135″ All-in-One LED Display Solution Kit. Its impressive foldable design allows the large screen to fit into a large passenger elevator, freight lift, as well as its movable flight case, making transportation between locations easier. The 135″ display was connected to a 24″ smart podium, demonstrating how teachers can write and touch intuitively on the smaller display and project their work. With its exceptional visual quality, it also made for a perfect digital backdrop. Visitors watched the keynote speeches by renowned industry experts on the massive screen, including Professor Stephen Heppell who spoke about the new way of learning, while Dr. David Whyley emphasized important strategies for school leaders.

The UNIVERSE virtual campus has brought an immersive online learning experience to its visitors. In the 3D campus, teachers and students created their own avatars to interact with one another. They also experienced the platform’s latest features: Thematic Classrooms, a more immersive way to learn specific school subjects, and new teacher management tools, designed to help streamline class management. During the event, ViewSonic also debuted its new UNIVERSE case study in St. Joseph’s R.C. Primary School, showcasing how the platform increases student engagement and collaboration.

Finally, Viewsonic shared more case studies. The Bardwell Primary School in Suffolk improved the digital learning environment with the ViewBoard and myViewBoard solutions; the Heathfield Primary School utilized myViewBoard Manager to help schools’ IT staff manage all ViewBoard displays remotely.

To learn more about ViewSonic’s highlights at BETT 2023, please visit: https://www.youtube.com/watch?v=7CdKhQnq8gM.

About ViewSonic
Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, pen displays, commercial displays, All-in-One LED displays, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 35 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers “See the Difference.” To find out more about ViewSonic, please visit www.viewsonic.com.

Source: ViewSonic Corp.

https://mma.prnasia.com/media2/2057247/ViewSonic_at_the_2023_Bett_Show_Highlights.mp4
PR Newswire

Gaotu Files 2022 Annual Report on Form 20-F

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BEIJING, April 18, 2023 /PRNewswire/ — Gaotu Techedu Inc. (“Gaotu” or the “Company”) (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in China, today filed with the U.S. Securities and Exchange Commission its annual report on Form 20-F for the fiscal year ended December 31, 2022. The annual report on Form 20-F is available on the Company’s investor relations website at https://ir.gaotu.cn/.

The annual report contains audited financial statements, management’s discussion and analysis and other disclosures.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Gaotu Techedu Inc., 5F, Gientech Building, 17 East Zone, 10 Xibeiwang East Road, Haidian District, Beijing 100193, People’s Republic of China.

About Gaotu Techedu Inc.

Gaotu is a technology-driven education company and online large-class tutoring service provider in China. The Company offers learning services and educational content & digitalized learning products. Gaotu adopts an online live large-class format to deliver its courses, which the Company believes is the most effective and scalable model to disseminate scarce high-quality teaching resources to aspiring students in China. Big data analytics permeates every aspect of the Company’s business and facilitates the application of the latest technology to improve teaching delivery, student learning experience, and operational efficiency.

For further information, please contact:

Gaotu Techedu Inc.
Investor Relations
E-mail: ir@gaotu.com

Christensen

In China
Ms. Vivian Wang
Phone: +852 2232 3978
E-mail: gotu@christensencomms.com

In the US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com

Source: Gaotu Techedu Inc.

PR Newswire

Omdia: Global display fabs capacity utilization recover to 74% in 2Q23 while OLED fabs are under 60% average

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LONDON, April 18, 2023 /PRNewswire/ — New research from Omdia’s Display Production & Inventory Tracker reveals that total display fab capacity utilization is recovering from 66% in 1Q23 to 74% in 2Q23 thanks to surging orders of LCD TVs, notebooks, monitor panels and smart phone LCD panels. However, OLED fabs are still facing challenges to raise capacity utilization with average OLED fabs capacity utilization expected to be under 60% in the first six months of 2023.

Fab utilization rate by major application
Fab utilization rate by major application

2022’s over -supply has devastated LCD and OLED fabs capacity utilization. After low utilization in 1Q23, LCD fabs are gradually picking up the glass substrate input from 2Q23. LCD makers, especially in China, are gradually and cautiously raising their capacity utilization following disciplined capacity control to sustain panel prices.

In 2Q23, even with increasing orders and some rush demand surge, most LCD makers are setting up a roof of 80% capacity utilization rate. 

David Hsieh, Senior Director in Omdia’s Display research practice said: “OLED fabs are in lower capacity utilization than the mature, smoother running LCD fabs. Parameters for these include TFT array backplane throughput, OLED evaporation takt time, complex product switch, touch sensor patterning lead time, and the customization of OLED module form factor.”

On these parameters, the so-called full capacity utilization of LCD fabs can be viewed as 100% loading, but for OLED, 80%-90% on the total designed capacity can be viewed as full loading.

“The issue for OLED now is slow demand, rather than these process parameters,” added Hsieh.

Omdia forecasts that demand for smartphone OLED will not fully recover through 1H23 while OLED TV fabs will face slow market demand. OLED TV panel orders from LGE, Sony, Panasonic, TPV, Hisense, Samsung are not sufficient for the Gen8.5 OLED fabs to sustain a high-capacity utilization rate, and some China flexible Gen6 OLED fabs are suffering from unstable orders and a struggling throughput situation.

“While the recovery of LCD is receiving prominence and will obviously help uphold LCD prices and capacity utilization simultaneously, OLED will need to wait for further high-end consumer electronics demand recovery,” concludes Hsieh.

David Hsieh is presenting at Touch Taiwan 2023 and Taiwan Tech Conference 2023

About Omdia

Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.

E: fasiha.khan@informa.com   

PR Newswire

AGM Mobile Launches the G2 Guardian: The Ultimate Rugged Smartphone With 500 yards Long Range Thermal Monocular Feature That Challenges the Traditional Thermal Industry

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NEW YORK, April 18, 2023 /PRNewswire/ — AGM Mobile, the leading provider of rugged mobile devices, has launched the highly anticipated G2 Guardian, a game-changing smartphone that combines flagship features with a thermal monocular. This innovative device is designed for outdoor enthusiasts, professionals, and anyone who needs a reliable, durable, and high-performance smartphone.

The G2 Guardian is a bold move by AGM, as it challenges the traditional thermal industry by providing a complete solution in one device. The G2 Guardian 10mm thermal imaging capabilities allow users to detect and visualize heat sources from greater distance, making it an invaluable tool for a wide range of applications, including search and rescue, law enforcement, and hunting. The thermal imaging capability of AGM G2 Guardian is a significant technological advancement as it is challenging to build a thermal monocular inside a smartphone due to the complexity of the technology. AGM’s ability to create a product with such advanced features shows their dedication to innovation and the value they place on meeting their customers’ needs.

The G2 Guardian is also equipped with flagship smartphone features, including a 6.58-inch 120Hz FHD+ display, 12GB RAM, 256GB expandable storage, and a powerful Qualcomm QCM6490 processor. The combination of these features together with the thermal imaging capabilities elevates the user experience to a whole new level.

“We’re excited to launch the G2 Guardian to provide a comprehensive solution for our customers,” said Peter, CTO of AGM. “Our research showed that traditional thermal devices are not keeping pace with all of the current technological developments. By combining flagship 5G smartphone features with a thermal monocular, we’re challenging the traditional thermal industry and delivering a product that exceeds our customers’ expectations. It’s smarter, more accessible, more user-friendly, more efficient, and bringing cutting-edge thermal technology to a wider audiences. Before AGM G2 Guardian, there is no computing power in this kind of devices.”

The public response to the G2 Guardian has been overwhelmingly positive, with customers praising the thermal function, durability, performance, and the many innovative features. Users have also noted the convenience of having thermal monocular built in a smartphone, making it easier to carry and use in the field, and flag smartphone’s high performance unlocks more uses for thermal imaging.

AGM G2 Guardian is available for purchase on agmmobile.com and other major online marketplace, and through select retailers. For more information, visit AGM’s website or follow them on social media.
Facebook: https://www.facebook.com/AGMphone
Twitter: https://twitter.com/AGM_MOBILE_ 
Instagram: https://www.instagram.com/agm.mobile/

To purchase and know more about AGM G2 Guardian, click the links below:
AGM Official Website
AGM Official AMAZON
AGM Official Walmart

Contact:
Name: Hughes Lau
Email: Hughes@agmmobile.com