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PR Newswire

Jacobi Inc partnering with Principal Asset Management℠ to digitize and scale fintech-enabled model portfolio offering

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SAN FRANCISCO, Jan. 20, 2023 /PRNewswire/ — Principal Asset ManagementSM has partnered with Jacobi Inc., a global investment technology provider, to scale its fintech-enabled model portfolio offering powered by multi-asset risk analytics and market leading client engagement technology.

With a strong focus on digital transformation, Principal® is empowering advisors with analytics and tools enabling them to ultimately better serve their end clients. Jacobi’s cloud-native technology will provide Principal with a configurable platform enabling more meaningful analysis of portfolios by delivering bespoke, forward-looking and historical analytics in a fully integrated visual environment. Storytelling is central to the investment process and Jacobi’s storyboard and reporting technology supports in-depth analysis of risk and return within a portfolio and the process of communicating its impact on portfolio objectives. 

Mike Casciano, Head of Model Strategy at Principal Asset Management, says:

“Working with Jacobi to create proprietary multi-asset risk analytics will make it easier for advisors to understand how model portfolios will behave in different market conditions. We’re excited to offer advisors access to bespoke, forward-looking and historical analytics.”

Tony Mackenzie, Chief Executive Officer at Jacobi, says:

“It’s very pleasing to work with such a well-regarded asset manager. This partnership with Principal will help them deliver superior analytics and engagement tools to its investment teams and advisors and ultimately better outcomes for the end client. Unsurprisingly, there is strong demand for our technology owing to the increased need for investment firms to scale and connect investment processes and increase the quality of engagement with clients. Jacobi has a global footprint and a strong pipeline – with more new business wins to announce later in the year.”

About Jacobi

Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics and applications.

Founded in 2014 Jacobi provides its technology to top-tier investors across the globe including some of the world’s leading asset and wealth managers, pension funds, asset owners and investment consultants. 

About Principal Asset ManagementSM

With public and private market capabilities across all asset classes, Principal Asset ManagementSM and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.[1]

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $484.6 billion in assets[1] and recognized as a “Best Places to Work in Money Management[2]” for 11 consecutive years. Learn more at www.PrincipalAM.com. 

[1] As of September 30, 2022 
[2] Pensions&Investments, “The Best Places to Work in Money Management”, December 12, 2022. 

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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

Buildmedia merges with The Boundary to create global powerhouse

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LONDON, Jan. 19, 2023 /PRNewswire/ — Buildmedia, the Auckland-based creative studio widely considered to be the world leader in off-the-plan interactive real estate sales and marketing solutions, city-scale digital twins and interactive eCommerce VR experiences, has merged with London and New York based pioneering visualisation studio The Boundary.

175 Park Avenue - Render by The Boundary
175 Park Avenue – Render by The Boundary

Founded 20 years ago, Buildmedia are global leaders of interactive real-time solutions across multiple sectors using Epic Games Unreal Engine technology. They have produced numerous groundbreaking experiential solutions including their proprietary interactive display suite solution (Realspace https://buildmedia.com/realspace), and also developed particular expertise for high-fidelity virtual reality city and country-scale digital twins.

The Boundary’s reputation as an expert collective of creative technologists, designers, filmmakers and storytellers has been built working on marketing campaigns for prestigious developments such as the Waldorf Astoria (New York), 175 Park Avenue (New York) and The Whiteleys (London) via the creation of hyper-photorealistic CGI visualizations, animated films and virtual reality experiences.

This strategic merger brings together best-in-class photorealistic creative CGI and VR expertise from The Boundary (https://www.the-boundary.com) with the best-in-class technical capabilities and proprietary IP developed by Buildmedia (https://buildmedia.com/).

The combined business, which will move forward under The Boundary brand umbrella, is uniquely positioned to exceed the expectations of high-end real estate developers, destination marketers, and eCommerce focused brands looking to exploit emerging web3/metaverse opportunities via experiential interactive content and applications.

Epic Games have been long-standing admirers of the Buildmedia team, having contracted them as one of only two Unreal Authorized Service Partners in the Architectural, Engineering and Construction space. Epic often cites Buildmedia’s digital twin of Wellington City as setting the benchmark of what’s possible using their technology.

With financial backing from private equity firm Mobeus, and the injection of a raft of vastly experienced and impressive executive management team members from Buildmedia, the new look business will be investing in R&D across their VR/web3/metaverse services and applications.

The Boundary CEO Tom Wood says “This strategic merger marks the next phase for The Boundary following impressive growth across North America and the EMEA, as we now naturally expand across APAC. We are delighted to welcome the very talented Buildmedia team into the family”.

With over 100 in-house CGI artists and creative technologists operating at the very top end of the visualisation sector, The Boundary is now uniquely positioned to deliver photorealistic end-to-end client services across the emerging web3/metaverse in the Real Estate, Hospitality, eCommerce and digital twin sectors.

Crucially, the enlarged business also provides clients with the assurance of scale and financial stability which are prerequisites for large clients investing significant sums into multi-year metaverse and digital twin projects.

Buildmedia founder and CEO, Gareth Ross commented “We have created a market leading real-time solution over the past 20 years, and the idea of joining The Boundary to deliver our proposition globally was an opportunity we couldn’t resist”.

The transfer of employees and complementary knowledge and IP between New Zealand and The Boundary’s studios will strengthen the client proposition across both hemispheres, while providing all clients with the benefits of a company operating 24/7.

For press enquiries contact:

Chris Mitchell, cmitchell@the-boundary.com, + 44 (0)203 026 6270

Images for use in publication:

https://www.dropbox.com/sh/khko35i6etddsso/AABgVMK4NxpbjgPqRFcFrRt3a?dl=0

About The Boundary

The Boundary is a world leading creative agency which uses computer generated imagery (CGI) to create photorealistic marketing content for developers, destination marketers, and eCommerce brands.

www.the-boundary.com

About Buildmedia

Buildmedia is a creative visualization studio widely considered to be the world leader in city-scale digital twins and off-plan virtual reality interactive real estate sales and marketing solutions using EPIC Games Unreal Engine technology.

www.buildmedia.com

PR Newswire

RS celebrates strong first half revenue and profit performance

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This outperformance is driven by the strength of RS employees, a purpose-led culture, and its differentiated proposition

SINGAPORE, Jan. 18, 2023 /PRNewswire/ — RS, a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, has released its half-year report, reflecting a strong revenue and profit performance in the first half of the business year. This outperformance is driven by the strength of its diverse and experienced employees, and a high-performance, purpose-led culture. It also showcases how RS’ broad and deep product offerings differentiate them and continue to resonate with stakeholders in spite of challenging economic times.

This year, trading in Asia Pacific was affected by a slower electronics market, reduced availability of single-board computing products, a challenging geopolitical backdrop and lockdowns resuming in China. Despite this, RS’ operating profit margin rose by 16.4% in Asia Pacific thanks to scale growth and tighter commercial focus.

“Our people are the most powerful drivers of success at RS. They’re behind our improved customer experience and elevated commercial focus this year, and are dedicated to making amazing happen for a better world,” says Sean Fredericks, President, Asia Pacific at RS, “Despite expected challenging economic conditions ahead, we’re committed to investing in our people and technologies. We’re positive that we’ll be able to further strengthen our position, grow our profits and take greater market share in the year to come.”

Investing in its people and creating a safe, inclusive, and dynamic culture have always been top priorities for RS. It has invested in inclusive and relevant employee benefit programmes and are providing one-off payments to all employees to financially support them during these challenging economic times. To thank employees for their continued support and contribution, RS has also introduced a share-based award, allowing employees to share in the success of the company in accordance with its Journey to Greatness plan. 

In an employment engagement survey conducted this year, RS’ employee engagement score improved by three points from last year, rising to 78, and placing it close to the upper quartile of top performing companies. 

On top of investing in its people, RS is also committed to acting as a responsible and sustainable business. Following its 2030 ESG action plan – For a better world – it is now reporting on its key eight metrics every six months to ensure accountability and continued progress in this respect. RS was awarded a Platinum medal, the highest ranking, by independent global sustainability rating provider, EcoVadis, for its notable leadership in the areas of environment and sustainable procurement.

All these accomplishments in the first half put RS one step closer to achieving continued success in the coming months.

RS

RS is a trading brand of RS Group plc (formerly Electrocomponents plc), a global omni-channel provider of product and service solutions for designers, builders and maintainers of industrial equipment and operations. They stock more than 700,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of product and service solutions to over 1.2 million industrial customers.

For more information about RS, please visit the website at https://au.rs-online.com/web/.

PR Newswire

JimuMeta Successfully Launches Flagship Whale 3D Scanner on Makuake, Japan’s Biggest Crowdfunding Platform

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SHENZHEN, China, Jan. 18, 2023 /PRNewswire/ — 3DMakerpro, an international 3D scanning subsidiary of renowned 3D services provider, JimuMeta, launched its flagship Whale 3D Scanner on Japan’s most popular crowdfunding platform, Makuake, on January 5, 2023. The company’s funding goal was achieved within three minutes with sales reaching tens of millions of yen within the first two hours, marking a massively successful entry into the Japanese market. 3DMakerpro’s remarkable entry into the Japanese market builds on the company’s already solid reputation internationally, with a strong foundation for global success in place moving forward.

“We would like to express our heartfelt gratitude to all our supporters who have shown a massive interest in the project even before it started, as well as those who have anticipated our launch. To show our true appreciation for the support of our backers, we set an 88% discount which shows our dedication to our Japan market entry. In the future, we hope to bring our high-end technology to all Japanese 3D enthusiasts.” said CEO of 3DMakerpro, Ding Yong.

Studio-compatible with industry-leading software, 3DMakerpro’s flagship 3DMakerpro Whale makes scanning more efficient, easier, and with amazing quality. With its unique dual-lens scanning technology, the range of objects that can be scanned in superb detail by the Whale 3D scanner has expanded exponentially. Earphones as small as 15mm to structures as large as 2000mm can be efficiently and accurately scanned in as little as five minutes. The near-infrared and invisible light source, safe for human eyes and skin, can scan family members and pets, making it possible to convert a regular home into a fully equipped 3D photo studio.

The 3DMakerpro Whale is perfect for 3D scanning and printing hobbyists and its clear 3D imaging display is essential for e-commerce sellers. Ideal for modifying and designing, it can swiftly scan industrial spare parts with complicated forms and surfaces and generate models with a high scanning resolution of 0.02mm, creating enormous potential for applications in multiple industries. The Whale’s exceptional scanning fluency enables rapid reconstruction and clinical measurement computation, making it ideal for projects such as the 3D reconstruction of lower limbs.

One of the Whale’s most sophisticated characteristics is its incredible capability to gather comprehensive face and body data in seconds, making it highly beneficial in the healthcare field. The Whale can also be used for 3D crime scene reconstruction as the scanner accurately reproduces the color and form of items such as furniture, walls, victims, evidence markers, among many others.

About JimuMeta

Founded in 2015, JimuMeta is a leading 3D technology company, specializes in 3D modeling services and virtual space/exhibition services, along with its subsidiary brand 3DMakerpro, which focus on innovative 3D scanning devices.

For more information please visit store 3dmakerpro.com/ or connect on Facebook and Twitter.

PR Newswire

JD.com and APEC Women Leadership Forum Co-Launch Report on Women’s Contributions to Sustainable Consumption and Production

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BEIJING, Jan. 17, 2023 /PRNewswire/ — APEC Women Leadership Forum, the premier platform on fostering women’s economic empowerment among the 21 economies of the Asia -Pacific Economic Cooperation (APEC), and JD.com co-launched the “APEC Report：Observation of Women’s Value in Sustainable Consumption and Production,” which adopted extensive surveys and consumption data to examine the role of women as both producers and consumers in advancing sustainability.

The report found that women are instinctively leading the green consumption path with their actions, and their shopping choices often determine the consumption patterns of each household. Meanwhile, women demonstrate prominent leadership in driving the “Sustainability/ SDG / CSR” fields in the corporate world.

Shopping greener “before you know it”

Based on the results of a survey conducted by JD.com’s Consumption and Industry Development Institute on over 2,000 respondents on the topic of responsible consumption, women weigh “environmentally friendly” as a much higher consideration than men when considering products. In fact, it is the only factor on which they outscored men, whereas the latter showed comparatively more concerns for other factors such as brand, culture, and price.

Interestingly, when being asked about the concept and their understanding of sustainable consumption, female respondents gave themselves more moderate ratings than male did, with only 49.75 percent choosing “understand very well” and “understand,” while 31.19 percent opted for “not sure.” However, their feedback on actual shopping choices unveiled a stronger tendency towards energy saving, trade-in, replaceable and recyclable products, especially in the categories of home appliances, furnishing and decorations, office supplies, car accessories, footwear, health products and more. These results demonstrate that women may have a deeper understanding about the concept of sustainable consumption than they give themselves credit for, as they are more likely to choose sustainable products instinctively.

When asked, “Which player is more important in promoting sustainable consumption?” Forty-four percent of female respondents chose “consumers” over “product makers” （30 percent）, and “circulators” (27 percent). Female respondents also showed higher approval of producers for behavior categories including offering job opportunities, supporting disadvantaged groups, proper waste handling and more.

Shaping sustainable producers with “SHE Power”

With more and more enterprises setting up the dedicated function of “Sustainability/ SDG /CSR,” the role to implement these initiatives is mainly led by women, accounting for over 60 percent in surveyed companies that have set up such dedicated departments, and 82 percent in other companies that have relevant positions, according to APEC Women Leadership Forum’s research on women business leaders, in a new attempt to study women’s role as producers in sustainable consumption.

According to the surveys on which the report is based, women leaders demonstrate stronger focus on long-term value and innovation for sustainable solutions, with respondents expressing that they started formulating relevant thinking 6 to 10 years ago (30 percent). A majority are driven by the factors of “enterprise development need” (76 percent), “inspired by global trends” (73 percent), and “guided by domestic policies” (73 percent). 

The report also noted that it is urgent for the whole society to enhance awareness of responsible consumption and production amid global uncertainties in order to continue making progress toward the Sustainable Development Goal. Meanwhile, how to strike a balance between the Goal and enterprise ROI, and the lack of unified ESG standards, talents and corporate capacities, all pose threats to this course.

As a leading supply chain-based technology and service provider, JD.com is committed to collaborating with upstream and downstream partners and the whole society to collectively build a more productive and sustainable world. JD.com’s green supply chain efforts, known as the “Green Stream Initiative,” have so far engaged more than 300,000 enterprises in carbon reduction activities ranging from packaging, warehousing, transportation, product recycling and more. On the demand side, the company introduced the “Green Impact Initiative” in May 2022, which made nearly a million kinds of products on its platform more identifiable with environmentally-friendly labels, in order to raise awareness among its hundreds of millions users.

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PR Newswire

AlphaESS Reveals Its New Modular Portable Power Stations Equipped with LiFePO4 Batteries at CES 2023

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LAS VEGAS, Jan. 17, 2023 /PRNewswire/ — AlphaESS, a leading global energy storage solution and service provider, unveiled its Gen 3 portable power stations consisting of a variety of swappable batteries that enable customers to DIY their own portable batteries according to their needs.

AlphaESS at CES2023
AlphaESS at CES2023

Modular Portable Power Stations for Camping and Off-grid Adventures

At the CES expo, AlphaESS debuted a new series of products this year – Modular Portable Power Stations with variable capacities from 292Wh to 1,168Wh. By providing a plug-and-play kit, the idea is for customers to be able to design for their specific needs. This new product features 2 slots in the back to insert battery packs, which would come in handy when camping with a group of people. Individuals can grab a battery pack to juice up their own devices. “We try to empower our customers to create their own configurations and make the customization process much more interesting.” Said Alex Lin, head of the AlphaESS Portable Energy Storage Business Unit. The product can be monitored independently on the AlphaCloud platform and fully charged in just 1.5 hours via a wall socket; the transformation to using LiFePO4 batteries also greatly prolongs its lifespan.

BlackBee 2000 and BlackBee 1000 – Backup Power for Emergency

The BlackBee 2000 (2,203Wh/1,600W) and BlackBee 1000 (1,036Wh/1,000W) series are great backup power sources in case of a short-term power outage. The BlackBee 2000 portable power station and 300W solar panels were launched successfully on Kickstarter in 2022. The BlackBee 2000 offers a wide range of port options, including four AC outlets, four USB-A ports, two USB-C ports, two DC ports, two wireless charging pads and a car port, 15 outlets in total. It also comes with two built-in MPPT controllers for faster solar charging. In addition, the BlackBee 2000 boasts automotive-grade chips which allow it to operate faster and more accurately than those using standard commercial chips.

The BlackBee 1000 portable power station weighs only 22.5 pounds. Equipped with 12 outputs, it supports pass-through charging and can keep a refrigerator running for almost 8 hours without noise.

About AlphaESS

Founded in 2012, AlphaESS is a leading global energy storage solution and service provider. The company specializes in residential and commercial applications delivering pre-eminent products and fit-for-purpose solutions. With 15+ subsidiaries around the globe, AlphaESS provides local services for 90,000+ systems actively running in 80+ countries, improving people’s access to clean energy worldwide.

Having celebrated its 10th anniversary last September, AlphaESS is expanding its global footprint from Europe, Australia and China to the United States, paving the way for ongoing growth. With the grand opening of the new office and service center in Denver, Colorado, AlphaESS aims to enable millions of people to enjoy reliable, accessible and clean energy.

For more information, please visit:

https://www.alphaess.com

https://www.alphaess-pps.com

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Source: Alpha ESS USA, Inc.

PR Newswire

ATIF Holdings Limited Releases New Year’s Letter to Shareholders

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IRVINE, Calif., Jan. 16, 2023 /PRNewswire/ — ATIF Holdings Limited (NASDAQ: ATIF, hereinafter referred to as the “Company” or “ATIF”)  issued this year’s New Year’s Letter to Shareholders, which was authored by ATIF’s President, Mr. Jun Liu. The following is the full text:

Dear ATIF Shareholders:

Thank you for your continued support and trust in ATIF. We are pleased to report that the Company has thus far laid the foundation for building a multifaceted business segment. I am as excited to deliver this message to you today in this letter as we were when ATIF was first formed..

The past three years have presented us with unprecedented challenges. The recurrence of the Covid-19 pandemic, macro policy regulation of the market, and delays in making decisions on large integrated projects have impacted ATIF’s growth in many ways. However, during these three years, we actively responded to market changes and worked hard to plan accordingly with the aim of fully upgrading our Internet financial information service platform IPOEX.com, which we plan to build into an industry-leading integrated platform with equity crowdfunding and asset securitization functions. To support the company’s development initiatives, we have established two core cornerstones, a strong technical development and a team of network experts, to strengthen IPOEX.com in providing more diversified financial services to SMEs.

Since its inception, ATIF has been committed to providing business advisory and financing services to outstanding companies around the world to access the U.S. capital markets. Following this, we successfully listed on NASDAQ in 2019 and received the “Top 10 Best Listed Companies of 2019” from the Golden Bauhinia Awards, the highest award for the financial and securities industry in Hong Kong.

Today, we are ready to move forward and make the most of the opportunities that lie ahead of us. We are confident because our business model has enabled us to advise several active companies that have all successfully entered the capital market. We believe the following initiatives will enable ATIF to grow our operations and deliver value to our loyal shareholders.

Our IPO advisory services have gradually shifted from Asia to North America, with the U.S. market becoming the primary service market for our business. We are actively preparing to organize financial forums to help ATIF identify potential SME candidates for business promotion while also expanding our audience in the US. At the same time, we will seek to expand our international business footprint, with the U.S. market as our main base for growth, and explore various countries and regions such as the Middle East, Europe, and Southeast Asia for IPO coaching.

In FY2022, we have signed approximately six clients who plan to list on the U.S. stock exchange. Our clients cover a wide range of industries, including new photovoltaic energy, alternative fuel vehicles, smart parking, logistics and shipping, freight storage, micro lodging, etc. We have a diversified resource structure and a bright future for different industries.

Conclusion

For 2023, our team and I are full of confidence. Access to capital is a key driver of growth for any business and coupled with providing practical and effective advice, our aim remains to provide the best and most effective service to our SME clients. We are very much looking forward to ATIF’s growth in the new year and expect that the IPOEX platform will provide multidimensional data and vital financial services to our clients, driving the IPOEX platform to become a strong and influential brand in the future.

Capital market price ups and downs have their own fluctuation laws, we sincerely hope that shareholders actively hold and pay attention to it for a long time. We will adhere to the development of long-term thinking and firmly believe that the future will be better! Our team and I would like to sincerely thank you for your continued support.

Finally, as the Chairman of the Board of Directors of ATIF Holdings Limited, I would like to express my gratitude to:

  • our shareholders and investors who have steadfastly supported ATIF’s growth over the years;
  • those who have contributed to the development of ATIF over the years; and
  • the hard-working ATIF employees .

Jun Liu

President, Chairman and Chief Executive Officer

ATIF Holding Limited

About ATIF

ATIF Holdings Limited (NASDAQ: ATIF) is a Los Angeles-based financial company that provides professional and compliant IPO and M&A advisory services to companies through a combination of business, financial, counseling and consulting services. ATIF has extremely professional and skilled business and financial services experience, and has successfully provided dozens of companies with full U.S. IPO counseling and consulting services to date. ATIF owns a comprehensive financial services network platform www.IPOEX.com, developed by a strong team of technology development and network experts, which provides SMEs with one-stop services across digital finance, business consulting, asset securitization and digitization. ATIF was awarded the “Golden Bauhinia Award”, the highest award in the financial and securities industry in Hong Kong, for “Top 10 Best Listed Companies”.

Forward-Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of the “safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, “estimated,” “projected,” Words such as “expect”, “anticipate”, “predict”, “plan”, “intend”, “believe”, “seek”, “may”, “will”, “should”, “future”, “propose” and variations of these words or similar expressions (or the opposite of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements do not guarantee future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control and may cause actual results or achievements to differ materially from those discussed in the forward-looking statements. Important factors include future financial and operating results, including revenues, income, expenses, cash balances and other financial items; Ability to manage growth and expansion; Current and future economic and political conditions; The ability to compete in industries with low barriers to entry; The ability to obtain additional financing to fund capital expenditure in the future. Ability to attract new customers and further enhance brand awareness; Ability to hire and retain qualified management and key staff; Trends and competition in the financial advisory services industry; Pandemic or epidemic disease; Except as required by law, the Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, the Company cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the expected results expressed or implied by the forward-looking statements we make. You should not interpret forward-looking statements as predictions of future events. Forward-looking statements represent only the beliefs and assumptions of our management as of the date such statements are made. The above forward-looking statements are made as of the date of this press release.

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Sims Limited Announces Retirement of Heather Ridout from Board of Directors

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NEW YORK, Jan. 14, 2023 /PRNewswire/ — Sims Limited (ASX: SGM), a global leader in sustainability and an enabler of the circular economy, announced today that Heather Ridout AO will retire from the Sims Limited Board of Directors in 2023. Changes to the Board of Directors, the board committees and structure will be determined at a later date.

Ridout, the former chief executive of the Australian Industry Group from 2004 through 2012, joined the Sims Limited Board of Directors in September 2011. She is the chairperson of the Remuneration Committee, and she is also a member of the Safety, Health, Environment, Community and Sustainability Committee, the Risk Committee, and the Nomination/Governance Committee.

Geoffrey Brunsdon, chairman and independent non-executive director for Sims Limited’s Board of Directors, said, “On behalf of the Board of Directors, I would like to thank Heather for her outstanding service to the Sims Limited Board, our employees and our shareholders. Heather’s leadership, guidance and wisdom throughout her 11 years of service have been a major factor in the company successfully navigating a demanding international growth strategy, as well as significant change. Both the Board of Directors and the executive leadership team will miss Heather’s counsel, and we wish her every success in her new role.”

Ridout was appointed as Australia’s next Consul-General in New York on 20 December 2022. With an outstanding career spanning four decades, she is well-equipped to promote Australia’s world-class and diverse creative industries, education and the arts in the United States.

“Sims Limited is a company I have known and admired for more than 25 years, and I was delighted for it to be a member of AI Group,” Ridout said. “I look back on my tenure at Sims Limited with great pride in serving as a non-executive director. I am extremely confident the company will continue to grow, prosper and positively impact society,” she concluded.

The precise date of Ridout’s retirement will be determined by the commencement date for her new role. 

About Sims Limited 
Founded in 1917, Sims Limited is a global leader in sustainability and an enabler of the circular economy that employs 4,400 employees who operate from more than 200 facilities across 15 countries. The company’s ordinary shares are listed on the Australian Securities Exchange (ASX: SGM), and its American Depositary Shares are quoted on the Over-the-Counter market in the United States (USOTC: SMSMY). The company’s purpose, create a world without waste to preserve our planet, is what drives them to constantly innovate and offer new solutions in the circular economy for consumers, businesses, governments and communities around the world. For more information, visit www.simsltd.com.

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Thales Applauded by Frost & Sullivan for Its Comprehensive Solutions, Services, and Market-leading Position

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Thales acquired market leader Gemalto in 2019, and remains the overall market leader in software license and entitlement management.

SAN ANTONIO, Jan. 14, 2023 /PRNewswire/ — Frost & Sullivan has researched the global software license and entitlement management market and, based on its findings, recognizes Thales with the 2022 Global Software License and Entitlement Management Market Leadership Award. The company is the recognized leader in the software monetization field with a team of 450 experts in over 20 countries, including the United States, China, India, Japan, South Korea, and most European states. The Sentinel Platform provides publishers with the flexibility to create licenses and entitlements for any pricing model and allows customizations to meet evolving customer needs.

2022 Global Software License and Entitlement Management Market Leadership Award
2022 Global Software License and Entitlement Management Market Leadership Award

Thales’s Sentinel platform allows the management of licenses and entitlements for products across any direct or indirect distribution channel and the deployment of both popular and custom licensing models, including trial, subscription, perpetual, seat-based, and per-use licensing. It enables customers to track the delivery and activation status of licenses and get notifications for expirations and renewals. The data gathered in a central location can be used to generate up-sale and cross-sale opportunities. Sentinel also helps prevent reproduction, distribution, and unauthorized use of customers’ licenses and product features while allowing publishers to verify customer compliance with license usage terms and conditions of sale. It protects against IP theft through file encryption, code obfuscation, and system-level anti-debugging.

Mukul Krishna, global head of practice, supply chain, and logistics at Frost & Sullivan, observed, “Thales provides the most comprehensive platform and services for license and entitlement management, spanning both software and hardware enforcement with additional focus on helping SaaS companies to scale and grow. 

Thales’s suite of software monetization solutions capitalizes on a sophisticated entitlement management capability that can address any combination of SaaS, on-premises, and device-based requirements. With flexible and scalable solutions, Thales can equally address the needs of those looking for an out-of-the-box experience or a tailored and personalized customer experience. Dedicated SaaS services facilitate ecosystem integration to eliminate costly and cumbersome customizations, while easy-to-use APIs and web services ensure a lower cost of ownership for Thales’s customers, irrespective of their business dynamics.

“In a fiercely competitive and fast-changing market, Thales has shown it can compete at the highest level globally. Its impressive growth strategy and resilience have enabled it to maintain its market leadership,” added Krishna. For its exemplary market performance, Thales earns Frost & Sullivan’s 2022 Market Leadership Award for the global software license and entitlement management industry.

Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased ROI it offers customers, which, in turn, raises customer acquisition and overall market penetration potential.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

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Contact:
Tarini Singh
P: +91-9953764546
E: tarini.singh@frost.com