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PR Newswire

Lexasure Financial Group and Blimobil Announce Proposed Strategic Partnership

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JAKARTA, Indonesia, March 24, 2023 /PRNewswire/ — Lexasure Financial Group Limited (“Lexasure” or the “Company”), a leading provider of reinsurance and insurtech solutions in South and Southeast Asia, and PT Nawa Carciege Indonesia (“Blimobil“), an Indonesian digital trading platform in the auto market, announced a memorandum of understanding for a proposed strategic partnership that will provide a broad range of insurance offerings in Indonesia. 

Under the terms of the agreement, Lexasure will make an investment in Blimobil.  Blimobil’s marketplace, enabled by Lexasure and its partner network of insurers, will offer access to insurance products, including car insurance, usage-based auto insurance, home appliance, auto extended warranty insurance, and guaranteed asset protection (GAP) insurance.

Davy Jeffry Tuilan, Chief Executive Officer of Blimobil, said, “Launched in January, Blimobil is a rapidly growing online platform that connects independent car dealers, members, and buyers in Indonesia, with over 250 used car dealers currently participating in our network and rapidly scaling to 1,000 used car dealers by the end of 2023. Partnering with Lexasure broadens our ability to meet consumer needs with one-stop shopping for auto, financing, and now insurance products and services.”

Under the proposed strategic partnership, Lexasure will also provide back-end digital onboarding solutions and claims management for new insurance products through reinsurance capabilities such as personal cybersecurity insurance, personal accident, electronic products, extended warranty, pet insurance, and other lifestyle insurance.

“Building strategic partnerships is a cornerstone of our near-term strategy as we seek to accelerate the industry’s digital transformation and grow our footprint in key markets,” said Ian Lim, Chief Executive Officer of Lexasure. “Working with Blimobil presents an opportunity to offer a competitive suite of insurance products in the region with a local partner that can add value to a growing base of consumer relationships.”

The creation of the proposed strategic partnership is subject to the negotiation of definitive agreements with customary closing conditions, including regulatory approval.

About Lexasure Financial Group

Lexasure Financial Group is a leading Southeast and South Asia group providing reinsurance and digital insurance solutions, including Reinsurance-as-a-Service (RaaS), that enable our clients to manage risk, accelerate growth, and effectively compete. We are driving the digital transformation of the insurance and reinsurance industry with scalable and innovative products that meet the local needs of companies and people in fast-growing Asian markets. Our management team has deep expertise in the industries of reinsurance, insurance, and insurance tech. Our values are based on a belief that our products enable customers to live and grow boldly while enhancing resilience. We serve over 60 primary insurers across 22 countries in Asia and North America. For more information, go to lexasure.com.

About PT Nawa Carciege Indonesia (aka Blimobil)

Blimobil is a marketplace that synergizes used car, new car, and car financing businesses with the power of its used car dealer network to create a comprehensive online ecosystem. It empowers used car dealers to compete confidently and thrive in the industry-4.0 era while providing a customer journey that’s easy to navigate, a rigorous used car screening process, access to new car supply, and flexible financing.

Investor Contact

Crocker Coulson, CEO, AUM Media
+1 (646) 652-7185
crocker.coulson@aummedia.org

PR Newswire

KX announces general availability of kdb Insights Enterprise on Microsoft Azure

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NEW YORK and LONDON, March 20, 2023 /PRNewswire/ — Representing a significant milestone for its strategic partnership with Microsoft, KX today announces the general availability of kdb Insights Enterprise on Microsoft Azure, an enterprise-ready, real-time analytics engine with the world’s fastest time-series database (kdb) at its core, running natively on Azure.

It represents the industry-first Data Timehouse, a new class of data and AI management platform designed for temporal data generated by digital transformation. It provides data scientists and application developers with precision access to temporal data on real-time and massive historical datasets with the Azure native tools they use today.

Engineered by KX, kdb Insights Enterprise on Microsoft Azure enables businesses to transform into real-time intelligent enterprises, with preview customers reporting up to 100x the performance at one tenth of the cost of competing solutions. 

KX has developed a go-to-market strategy to target those businesses where the processing and analysis of time series and machine data is a critical business requirement. Customers also benefit from being able to use their Azure Consumption Credits, simplifying adoption, billing and payment.

Also announced today is the first customer win for the new service, with Syneos Health signing a multi-year subscription contract to leverage the power of kdb Insights Enterprise on Microsoft Azure to significantly reduce the time it takes to execute clinical trials and discover new drug treatments. The agreement with Syneos Health will see KX deployed across a variety of use cases – including disease modelling for virtual clinical trials and patient journey mapping – to enable Syneos Health to drive greater value from faster clinical trials, increase the likelihood of successful trials and bring new drugs to market faster.

Ashok Reddy, KX CEO, commented: “The launch of kdb Insights Enterprise on Microsoft Azure as a first party service is a watershed moment for KX. Representing the industry’s first Data Timehouse, it enriches data warehouse and lakehouse technologies and gives customers access to the power and performance of kdb with all the benefits of the Azure platform. It enables companies in all sectors to accelerate their AI and ML analytics workloads, putting data driven decision science at the very heart of their business for enhanced operational and commercial outcomes. We continue to see enormous opportunity for our strategic partnership with Microsoft, helping to underpin our growth expectations.”

Larry Pickett, Chief Information & Digital Officer, Syneos Health said: “Our collaboration with KX and Azure has been instrumental in helping further advance our technology and data capabilities with the goal of accelerating development of new therapies for patients. Together, we are working to use the power of data analytics and AI to unblock data access and compute challenges, to compress both timeframes and costs. We’re thrilled to take our work to the next level and deliver even stronger results for customers with kdb Insights Enterprise on Azure.”

Corey Sanders, Corporate Vice President of Microsoft Cloud for Industry said: “In partnership with KX, we’re excited to launch one of the industry’s first data timehouse on the Azure platform. While in preview, we have already seen impressive results for customers in capital markets, healthcare, manufacturing, and energy. We look forward to working with KX to help businesses achieve transformative growth with kdb Insights Enterprise on Azure.”

About KX

Our mission is to accelerate the speed of data and AI-driven business innovation enabling customers to transform into real-time, intelligent enterprises. Built for the most demanding data environments, our Data Timehouse software is trusted by the world’s top investment banks and hedge funds, and leading companies in the life and health sciences, semiconductor, telecommunications, and manufacturing industries.

At the heart of our technology is the kdb time series database and analytics engine, independently benchmarked as the fastest on the market. It can process and analyze time series and historical data at unmatched speed and scale, empowering developers, data scientists, and data engineers to build high-performance data-driven applications and turbo-charge their favorite analytics tools in the cloud, on-premise, or at the edge.

Ultimately, our technology enables the discovery of richer, actionable insights for faster decision making which drives competitive advantage and transformative growth for our customers.

KX operates from more than 15 offices across North America, Europe and Asia Pacific. For more information visit www.kx.com or contact: pr@kx.com

PR Newswire

Music Licensing, Inc.’s Subsidiary Pro Music Rights Renews Agreement with ByteDance and TikTok, Offering Innovative Music and AI Solutions

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NAPLES, Fla., March 3, 2023 /PRNewswire/ — Music Licensing, Inc. (OTC:SONG) is thrilled to announce that its wholly-owned subsidiary Pro Music Rights, Inc. has renewed its licensing agreement with ByteDance and its subsidiary TikTok for another year. This milestone marks a significant achievement for Pro Music Rights and its continued efforts to provide high-quality music and innovative AI-generated music to users worldwide.

As part of the licensing agreement announced last year, Pro Music Rights has been providing TikTok with access to its vast music catalog, which includes some of the most popular songs and artists of all time, as well as AI-generated music from Pro Music Rights’ Music AI program. This partnership has enabled TikTok to offer its users a unique and engaging experience by incorporating a diverse range of music into their videos and content.

The renewal of this agreement is a testament to the success of Pro Music Rights and its commitment to delivering top-notch music and innovative AI-generated music to its partners. It further solidifies Pro Music Rights’ position as a leading provider of music licensing services in the industry. With this agreement, Pro Music Rights and TikTok will continue to work together to provide innovative and engaging experiences for users across the globe.

“We are thrilled to renew our agreement with ByteDance and TikTok for another year, and to continue to provide them with access to our vast music catalog and our innovative Music AI program,” said Jake P. Noch, CEO of Music Licensing, Inc. “Our team at Pro Music Rights is dedicated to delivering high-quality music and exceptional services to our partners, and we are proud to be working with such a forward-thinking company like ByteDance and TikTok.”

The renewal of this agreement highlights Music Licensing, Inc.’s commitment to providing innovative and cutting-edge music solutions to its partners. With Pro Music Rights’ vast music catalog, exceptional licensing services, and its innovative Music AI program, the company is well-positioned to continue to be a leader in the music industry.

About Pro Music Rights, Inc. (ProMusicRights.com)

Pro Music Rights is the 5th public performance rights organization (PRO) to be formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBaggYo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Fall Out Boy, and countless others, as well as Artificial Intelligence (A.I.) Created Music.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

Source: Music Licensing, Inc.

PR Newswire

TI’s GaN technology and real-time MCUs power LITEON Technology’s new server power supply design

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Adoption of GaN & digital controller in new design helps engineers improve power density, conversion efficiency, dynamic response and reliability

TAIPEI, March 2, 2023 /PRNewswire/ — Texas Instruments (TI) (NASDAQ: TXN), a leader in high-voltage semiconductor solutions, today announced that LITEONLITEON Technology has selected TI’s highly integrated gallium nitride (GaN) field effect transistor (FET) plus C2000TM real-time microcontrollers (MCUs) for its latest high-performance server power supply unit (PSU) for the North American market. Leveraging TI’s LMG3522R030 GaN FET and a TMS320F28003x C2000 real-time MCU, the newly commercialized PSU offers power density of over 95 W/in³ and meets 80 Plus Titanium standards.

“Our collaboration with LITEON demonstrates how TI is helping designers answer the demands of high-voltage systems with end-to-end system know-how and a specialized portfolio of high-voltage semiconductors. By pairing the power of TI GaN products and C2000TM real-time MCUs, designers can better meet the demands for smaller, more reliable systems,” said Luke Lee, TI’s vice president for Asia and president for Taiwan, Korea and South Asia.

LITEON Technology is a global leading provider of power management solutions, offering highly-efficient power supplies for data centers. “LITEON has been the leader in server power supplies and has faced the challenges of new technology with innovative solutions. High-performance servers increasingly demand more power in less space, where high power output, conversion efficiency, miniaturized components and heat dissipation are critical challenges. TI’s GaN technology and C2000 real-time MCUs perfectly suit our solutions,” said John Chang, LITEON’s general manager of the Cloud Infrastructure System and Platform division.

Enabling efficient power supply design

Data centers, telecom equipment and many industrial applications are increasingly requiring larger power supplies, while also requiring reduced system size, weight, environmental impact and cost. This has challenged engineers to find new ways to reach higher power levels, in the same or smaller form factors, while also enhancing thermal performance. To address these power density challenges and requirements for future power supplies, LITEON leveraged TI GaN and C2000 real-time MCUs to achieve a flexible daughter-card design. The design also helps engineers shorten project design cycles by allowing them to scale the design to different power supply requirements.

LITEON design engineers collaborated with TI experts to accelerate the adoption of GaN technology in their PSU design, working together to optimize the power loop and daughter card layout. Additionally, LITEON leveraged TI’s expertise in power FET and controller design to improve the reliability of the PSU through comprehensive system-level verification. The flexible high-resolution pulse-width-modulation (PWM) actuation from TI’s C2000 real-time MCUs and GaN also helps engineers enable high switching frequency, advanced topologies, and switching schemes. To learn more about pairing TI GaN FETs and C2000 real-time MCUs, read the white paper “Achieve Power-Dense and Efficient Digital Power Systems.”

To learn more about LITEON’s newly released power supply design, see https://www.liteon.com/en-us.

For more information on TI’s high-voltage technology, see https://www.ti.com/technologies/high-voltage.html.

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures, tests and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. Our passion to create a better world by making electronics more affordable through semiconductors is alive today, as each generation of innovation builds upon the last to make our technology smaller, more efficient, more reliable and more affordable – making it possible for semiconductors to go into electronics everywhere. We think of this as Engineering Progress. It’s what we do and have been doing for decades. Learn more at TI.com.

PR Newswire

FORMULA E AND TATA COMMUNICATIONS ANNOUNCE MULTI-YEAR COLLABORATION

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Tata Communications becomes Official Broadcast Distribution Provider to the ABB FIA Formula E World Championship

Multi-year strategic relationship supports Formula E’s innovative new remote broadcast production set up, reducing environmental impact associated with live TV coverage of major international sports events

TV viewers around the world tuned in live to the first-ever Formula E race in India last Saturday, the 2023 Greenko Hyderabad E-Prix

MUMBAI, India and LONDON, Feb. 17, 2023 /PRNewswire/ — Formula E and Tata Communications announced a strategic multi-year relationship with the global commtech company becoming the Official Broadcast Distribution Provider to the ABB FIA Formula E World Championship.

Formula E and Tata Communications announce multi-year collaboration. L-R Mr. Jamie Reigle, CEO, Formula E, Mr. Amur Lakshminarayanan, CEO, Tata Communications

Formula E and Tata Communications announce multi-year collaboration.  L-R Mr. Jamie Reigle, CEO, Formula E, Mr. Amur Lakshminarayanan, CEO, Tata Communications

The new agreement will see Tata Communications deliver high-definition, high-resolution and high-speed live broadcast content to viewers around the world as part of Formula E’s new remote broadcast production of live races, reducing the environmental impact typical of major live international sports events on TV.

Tata Communications’ technologically advanced, software-defined media edge platform will deliver more than 160 live video and audio signals from Formula E races across continents within milliseconds, using 26 media edge locations across North America, Europe and Asia.

The new super-fast race broadcast distribution will be supported by Tata Communications’ specially trained experts, providing round-the-clock global end-to-end managed services at all 16 races this season. Tata Communications and Formula E are also working together to further enrich experiences for motorsport fans with innovation and efficiency.

Tata Communications made history with Formula E as the ABB FIA Formula E World Championship held the races in India for the first time. Viewers around the world follow the action live as 22 drivers from 11 teams including Mahindra Racing, Jaguar TCS Racing, Maserati MSG Racing and NEOM McLaren Formula E Team compete in the 2023 Greenko Hyderabad E-Prix.

Jamie Reigle, CEO , Formula E, said:

“Formula E is an intense tour given its on-the-go nature. Tata Communications’ support over the years has enabled state-of-the-art remote production possible, with real-time TV signal transmissions from the race venues to our broadcast centre in London and finally to the audience’s screens. Thus, bringing down multiple logistical challenges, driving cost efficiencies, travel flexibilities for our employee, especially women, and reducing emissions.”

A.S Lakshminarayanan, MD and CEO, Tata Communications, said:

“There are 85 cameras capturing the event for over 400 million people watching all over the world. To be able to facilitate that truly speaks about the power of internet that we have been able to leverage, with our dedicated media cloud and edge computing capabilities. And apart from our long-standing partnership with FIA, we extend the services to multiple major sporting leagues across the world.”

Note to Editors: 

  • Tata Communications sustainable remote production solution will transmit and transfer live racing action from over 85 camera feeds and audio channels on each racetrack to Formula E’s central remote production hub in the UK.
  • The repackaged feeds are distributed to global rights holding broadcasters and digital platforms leveraging Tata Communications global edge infrastructure.
  • Tata Communications media edge cloud is capable of enabling very low latency video processing from any venue using first-mile internet while processing and distributing the video signals to any platform globally with high availability.
  • Offered as a fully-managed service, availability of edge capability at the venue allows businesses to add a wide variety of digital services such as providing high performance data tunnels over a secure connection to help with real time data enrichment for better viewer experience.

Forward-looking and cautionary statements

Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications Limited’s Annual Reports. 

The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.

© 2023 Tata Communications Ltd. All rights reserved. TATA COMMUNICATIONS and TATA are trademarks or registered trademarks of Tata Sons Private Limited in India and certain countries.

PR Newswire

VIRNECT partners with DigiLens to bring cutting-edge XR technology to the industrial market

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VIRNECT will be able to offer a broader and more cost-effective alternative by partnering with DigiLens.

SEOUL, South Korea, Feb. 11, 2023 /PRNewswire/ — VIRNECT, an XR technology solutions provider, has announced a strategic partnership with DigiLens, a leading developer of waveguide displays for augmented and mixed-reality devices. The partnership will allow VIRNECT to integrate DigiLens’ state-of-the-art technology into its XR solutions, delivering customers a new level of immersive experiences.

VIRNECT partners with DigiLens to bring cutting-edge XR technology to the industrial market
VIRNECT partners with DigiLens to bring cutting-edge XR technology to the industrial market

Key benefits of the partnership:

  • Increased accessibility to XR technology for businesses and consumers
  • Improved user experience through the combination of VIRNECT’s XR platform and DigiLens’s innovative lens technology
  • Enhanced performance and affordability of XR devices

The partnership between VIRNECT and DigiLens will bring new hardware options to VIRNECT’s offerings, providing cost-effective XR solutions for various applications, such as remote assistance and guided manufacturing. By integrating XR technology, customers have reported increased engagement and reduced cognitive load, leading to more effective training and fewer mistakes. In addition, with DigiLens ARGO, a wider range of customers can benefit from a safer and more efficient working environment thanks to XR-compatible options.

DigiLens is recognized for its advanced waveguide displays, providing clear and vivid augmented reality experiences. The company’s technology is based on proprietary holographic nanostructures, resulting in lightweight and compact devices with exceptional performance. The partnership with VIRNECT will allow both companies to bring these technologies to market in innovative ways.

“We are excited to partner with DigiLens, a leader in waveguide display technology,” said Tim Ha, CEO of VIRNECT. “By combining our expertise, we can offer innovative XR solutions to a wider audience. DigiLens ARGO will create new ways for people to learn, work, and communicate.”

According to The Insight Partners (March 14, 2022), the XR market is expected to grow from $28 billion in 2021 to $252 billion by 2028, with a CAGR of 35%. This partnership aims to make XR innovation accessible and capitalize on this growth potential. The two companies are looking forward to exploring new applications and opportunities in the XR space.

As part of this partnership, VIRNECT is offering free XR content production to support the implementation of XR technology in various industrial applications aiming to facilitate the incorporation of XR technology and improve knowledge management in the industrial field. To learn more about this offer, visit www.virnect.io/free-xr-production-landing-page.

For more information, visit www.virnect.io for VIRNECT and www.digilens.com for DigiLens.

About VIRNECT
VIRNECT creates a better way to learn, work and communicate through XR. Its metaverse solution provides scalable and fast turnaround times with collaborative, end-to-end digital continuity solutions. VIRNECT has supported XR implementation in over 200 enterprises and government institutions, including LG Chemical, Samsung Electronics, KEPCO, and KAC.

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PR Newswire

Cloopen Announces the Appointment of HKCM as Independent Auditor

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BEIJING, Feb. 3, 2023 /PRNewswire/ — Cloopen Group Holding Limited (NYSE: RAAS) (“Cloopen” or the “Company”) today announced the appointment of HKCM CPA & Co (“HKCM”) as the Company’s independent registered public accounting firm to replace Yu Certified Public Accountant, P.C. (“Yu CPA”), effective February 3, 2023. The change of the Company’s independent auditor was made after careful consideration and evaluation process and was approved by the board of directors of the Company (the “Board”) and the audit committee of the Board.

From July 18, 2022, the date the Company engaged Yu CPA as its independent registered public accounting firm, to February 3, 2023, there were no (1) disagreements as defined in Item 16F(a)(1)(iv) of Form 20-F and the related instructions thereto between the Company and Yu CPA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure that, if not resolved to the satisfaction of Yu CPA, would have caused Yu CPA to make reference in connection with its opinions to the subject matter of the disagreement; or (2) reportable events as defined in Item 16F(a)(1)(v) of Form 20-F.

Prior to the engagement of HKCM, neither the Company nor anyone acting on its behalf consulted HKCM regarding any of the matters or events set forth in Item 16F(a)(2)(i) and (ii) of Form 20-F.

The Company is working closely with Yu CPA and HKCM to ensure a seamless transition.

About Cloopen Group Holding Limited

Cloopen Group Holding Limited is a leading multi-capability cloud-based communications solution provider in China offering a full suite of cloud-based communications solutions, covering communications platform as a service (CPaaS), cloud-based contact centers (cloud-based CC), and cloud-based unified communications and collaborations (cloud-based UC&C). Cloopen’s mission is to enhance the daily communication experience and operational productivity for enterprises. Cloopen aspires to drive the transformation of enterprise communications industry by offering innovative marketing and operational tactics and SaaS-based tools.

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

Forward-Looking Statements

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Cloopen may also make written or oral forward-looking statements in its reports filed with or furnished 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. Any statements that are not historical facts, including statements about Cloopen’s beliefs and expectations as well as its financial outlook, are forward-looking statements. These forward-looking statements are based on Cloopen’s current expectations and involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Cloopen’s filings with the SEC. All information provided in this press release is current as of the date of the press release, and Cloopen does not undertake any obligation to update such information, except as required under applicable law. All forward-looking statements are qualified in their entirety by this cautionary statement, and you are cautioned not to place undue reliance on these forward-looking statements.

For investor and media inquiries, please contact:

Cloopen Group Holding Limited
Investor Relations
Email: ir@yuntongxun.com

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CNEY Entered the Drinkable Water Market with a Large Order

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LISHUI, China, Jan. 27, 2023 /PRNewswire/ — CN Energy Group. Inc. (NASDAQ: CNEY) today announced that its wholly owned subsidiary, Zhejiang CN Energy New Materials Co., Ltd., had recently obtained a first order to supply high-quality wood-based activated carbon directly to a producer of potable water. The order size is RMB6.486 million, equivalent to approximately US$0.956 million. This is another significant milestone for CNEY after it was awarded in October 2022 the permit to sell to end-users in the vast and fast-growing drinkable water market under its own brand names. This order exemplifies client acceptance and satisfaction on CNEY’s customized products and services for water filtering and purification and is expected to serve as a springboard for increasing CNEY’s sales in both domestic and global markets.  

Dr. Kangbin Zheng, CNEY’s CEO, commented, “We are glad to have signed this first contract just about two months after being authorized to sell directly to end-users. This order is the first step for us to enter a new area full of opportunities for delivering higher values to clients and generating additional revenues. Our team stands ready to continue to expand our marketing networks and to strive for replicating this success story. With refined growth strategies and upgraded technologies, we are quite confident that we will become more productive, competitive, and profitable in 2023.” 

About CN Energy Group. Inc.

CN Energy Group. Inc. is currently listed on NASDAQ under the symbol of CNEY. With patented proprietary bioengineering and physiochemical technologies, CNEY has pioneered and specialized in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues, converting harmful wastes into invaluable wealth and delivering significant financial, economic, environmental, and ecologic benefits.  CENY’s products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises. For more information, please visit the Company’s website at www.cneny.com.

Forward-Looking Statements

Certain statements, other than statements of historical facts, made in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and the impact it may have on the Company’s operations and the demand for the Company’s products, and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial conditions, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to refer to its filings with SEC, including without limitation, Company’s registration statements and other filings with the SEC that set forth certain risks and uncertainties that may have an impact on future results and directions of the Company.

Investor Relations
Tel:+86-571-87555823
Email: ir@cneny.com

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Source: CN Energy Group. Inc.

PR Newswire

JA Solar and Samsung C&T Signs the Qatar 875MW PV Power Plant Module Supply Agreement

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BEIJING, Jan. 19, 2023 /PRNewswire/ — The signing ceremony of the PV module supply agreement of the Qatar 875MW PV power plant project, which is Qatar’s largest photovoltaics (PV) power plant, was recently held at the Samsung C&T headquarters in Seoul, South Korea.

The PV Module Supply Agreement Signing Ceremony between JA Solar and Samsung C&T
The PV Module Supply Agreement Signing Ceremony between JA Solar and Samsung C&T

Under this supply agreement, JA Solar will provide more than 1.6 million DeepBlue 3.0 modules for the Qatar 875MW PV power plant project. The project will be built in the Mesaieed Industrial City and the Ras Laffan Industrial City, and is expected to go into operation in 2024, which will help to promote the transformation of the local energy structure and drive sustainable local economic, social and environmental development.

JA Solar’s DeepBlue 3.0, which exemplifies its product design philosophy of “tailored to increase customer value”, is highly popular in the Korean market and has been selected by this project because of its high efficiency and reliability. The DeepBlue 3.0 applies p-type Percium+ cell technology, Ga-doped silicon wafers technology, half-cell technology, and MBB technology to give an excellent power generation performance. In addition, DeepBlue 3.0 has received the PV industry’s first KS certificate for 182 modules, which demonstrates its power generation advantages and reliable performance.

Source: JA Solar Technology Co., Ltd.

PR Newswire

Tencent Cloud Empowers Pakistan’s Top Livestreaming Portal ARY to Provide High Quality Streaming Experience to Viewers

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HONG KONG, Dec. 21, 2022 /PRNewswire/ — Tencent Cloud – the cloud business of global technology company Tencent – announced its collaboration with ARY ZAP, Pakistan’s top live broadcast platform owned by ARY Digital Network, where Tencent Cloud Media Services will be enabling ARY ZAP to deliver high-quality and low-latency streaming experience to its users.

Responsible for streaming the world’s top soccer championships such as the World Cup and the LaLiga to Pakistani users, ARY ZAP also won the rights to broadcast the ICC Men’s T20 World Cup 2022, the most popular cricket tournament globally. To cope with the large number of concurrent view access requests and high demand for the content distribution bandwidth of these events, Tencent Cloud Media Services have provided a full suite of live sports streaming solutions that support ARY ZAP to livestream a total of 136 matches of global sports events, with a peak bandwidth utilization of around 1Tbps and peak concurrent views of nearly 1 million.

Leveraging Tencent Cloud’s expertise built over the past 20 years, ARY ZAP managed to deploy its live broadcast service on cloud within 20 days, delivering ultra-high definition sports events to its users. ARY ZAP also benefitted from Tencent Cloud’s products and services including Cloud Streaming Services, StreamPackage and StreamLive, which improve its capability to provide stable live video streaming and reduced ‘stuttering rate’ by 40%.

Furthermore, the multi-input auto-failover capability of Tencent Cloud ensured stable transmission service for the original live feeds, and the multi-region and multi-availability zone cloud design provided a reliable media service center, where professional video processing capabilities such as multiple video codecs, streaming protocols and adaptive bitrate streaming (ABR) were utilized to ensure the live video quality. These industry-leading technologies helped ARY ZAP provide a top-notch user experience, while reducing bandwidth and storage costs when compressing video bitrates, increasing the efficiency and competitiveness of ARY ZAP’s business operations.

Poshu Yeung, Senior Vice President, Tencent Cloud International, said, “Tencent Cloud is committed to helping media and communications companies all around the world provide the best, high-quality streaming experiences to their viewers. Through our collaboration with ARY ZAP, viewers and sports fans in Pakistan can be assured of a continuous, uninterrupted and real-time experience while watching their favorite, most exciting entertainment and athletic events. We strive to support more media groups from other countries in the future.”

Tencent Cloud is committed to providing a professional, stable, and high-quality live streaming media processing platform for global users. With live audio and video streaming such as live sports, esports, and other live shows requiring high-quality transcoding, accelerated delivery services, instant loading of live streams, and more, Tencent’s streaming services combine its self-developed audio and video technology platform and the computing resources of Tencent Cloud’s global deployment of 70 availability zones and over 2,800 acceleration nodes, to support stable live streaming services with a latency as low as 800ms and under.

About Tencent Cloud

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel and transportation.

About Tencent Cloud Media Services

Tencent Cloud Media Services has accumulated over 20 years of experience in audio & video technologies, providing industry-leading, comprehensive one-stop media solutions from PaaS to SaaS, including real-time communication, video on demand, live streaming, global acceleration and security. It provides support for customers from content creation, processing, to distribution, enabling real-time and engaging audience experiences worldwide.