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PR Newswire

TIER IV to Start Providing “Edge Perception Development Kit”

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TOKYO, Jan. 6, 2023 /PRNewswire/ — TIER IV, an open source autonomous driving startup, today announced that it will launch sales of the Edge Perception Development Kit (hereinafter “the DevKit”), through C1 Camera distribution partners. The DevKit combines the Automotive HDR Camera C1 (hereinafter “the C1 Camera”) with  an edge-computing unit and camera perception functionality provided by Autoware*1. TIER IV will present a live demonstration of sensor fusion, including the DevKit, at “CES2023” (LVCC West Hall #6317) from January 5 to 8, 2023, in Las Vegas, the U.S.

TIER IV’s C1 Camera has a high dynamic range (HDR) of up to 120 dB, automotive grade hardware, and excellent connectivity with a wide variety of applications. Currently in use by over 50 companies domestically and internationally, it is ideal not only for autonomous driving, but also a wide variety of fields such as autonomous mobile robots, security, monitoring, and more. TIER IV also leads the development of Autoware, an open-source software with various features for the development of autonomous driving systems which is employed by many companies and educational/research institutions.

TIER IV will start offering the DevKit including the C1 Camera, hardware and software which has been adopted for autonomous driving development, support tools, and installation documents. This will allow users to start building R&D environments with less time and effort, significantly reducing costs in hardware selection and shortening time-to-market for products.

TIER IV will also start offering a new GMSL2-USB3 conversion kit to support a wide variety of development with the high-performance automotive camera. The specifications and purchase information are listed below:

DevKit Contents & Options

Hardware*2

Camera

TIER IV Automotive HDR Camera C1 (C1 Camera)

Computer

ADLINK ROSCube-X (RQX-58G)

●  The C1 Camera’s driver is pre-installed, and the shutter control (synchronization)/image quality adjustment functions are supported.

NVIDIA Jetson AGX Xavier/Orin DevKit are also supported*3.

GMSL2-USB3

Conversion Kit

(New)

The C1 Camera can be used as the UVC camera for Windows (x86) PC, and more.

Software support tools (provided by OSS)

●  Camera driver (Linux kernel driver, ROS1/ROS2 driver)

●  Image-recognition ROS2 package (YOLOX)

●  Camera calibration ROS2 package

●  Camera shutter control ROS2 package (sensor synchronization function)

●  Simple image quality adjustment tool

●  Installation documents for tools

●  Other experimental functions (upcoming): Camera-based 3D object recognition, localization and white line recognition etc.

Product Website

https://sensor.tier4.jp/automotive-hdr-camera

GitHub Repository Link for the DevKit

Specifications for GMSL2-USB3 Conversion Kit

Power supply

USB 5V Vbus (4.75 to 5.25V)

Camera input interface

FAKRA connector (GMSL2)

USB output interface

USB 3.0 Type-C (For connector with screw lock)

Band: Up to USB 3.0 SuperSpeed

Image output format

YUV422

Output frame rate

Master mode: selectable from 10/20/30 fps

Slave mode: external trigger frequency dependent up to 30 fps

Reset button

Resets GMSL2-USB3 Conversion Kit

IO port

4-pins RITS connector (External trigger supply, additional power supply*4)

Operational temperature (℃)

0 to 70°C (Storage temperature: -10 to 85°C)

Operation sample video (YouTube): https://youtu.be/fDt7ndljZOQ

Future Development

TIER IV will start commercializing an autonomous driving system development kit that is integrated with LiDARs and ECUs. In addition to the features of the DevKit, the new kit will implement spatial calibration between multiple sensors, time synchronization, and advanced Camera-LiDAR fusion perception as a part of Autoware. Furthermore, synergy with Pilot.Auto*5 and Web.Auto*6 will be promoted so that every component required for autonomous driving development will be provided. By providing these products to the market, we will step up initiatives to realize our vision “The Art of Open Source, Reimagine Intelligent Vehicles.”

*1: Autoware is a registered trademark of The Autoware Foundation.
*2: The hardware can be purchased separately.
*3: The MIPI conversion kit is essential (sold separately).
*4: The additional supply is available from the DC-IN of the IO port as required (9 to 12V).
*5: Autonomous driving software platform based on Autoware.
*6: DevOps software platform for efficient development/operation of autonomous driving system.

About Distributors

AISAN TECHNOLOGY
https://aisan-mobility.com/en/lineup/c1/

ASMEC
https://www.asmec.co.jp/business/prolist.php?compid=141

OKAYA & CO
t4-sales6311@okaya.co.jp

PALTEK CORPORATION
https://www.paltek.co.jp/solution/tier4/index.html

MACNICA
auto-solution@macnica.co.jp

Ryoden Corporation
https://www.ryoden.co.jp/business/maker/industrial/maker24/

About TIER IV

TIER IV is the creator of Autoware, the world’s first open-source software for autonomous driving, and provides full-stack solutions for the commercialization of intelligent vehicles based on the Autoware-defined Autonomous Driving Kit (ADK), which runs on multiple platforms. Autoware is currently used by hundreds of companies globally, with field operation tests run in about 20 countries and implemented with 30 different types of vehicles.

As a founding member of the Autoware Foundation, TIER IV is dedicated to providing open access to autonomous driving technology so that everyone, from individuals to organizations, can participate in and contribute to a sustainable ecosystem of intelligent vehicles and autonomous driving technology for the benefit of society. Learn more at https://tier4.jp/en/and follow us @tier_iv_japan.

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Source: Tier IV, Inc.

PR Newswire

Teresa Carlson Joins Flexport as President and Chief Commercial Officer

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Trailblazing Former Microsoft and AWS Leader Brings 25 Years of Global Experience to Drive Growth and Innovation at Flexport

SAN FRANCISCO, Jan. 6, 2023 /PRNewswire/ — Flexport, a global leader in supply chain technology, announced today the appointment of former Microsoft and Amazon executive Teresa Carlson as President and Chief Commercial Officer. As a member of the Flexport executive leadership team, she will report to Dave Clark, Co-Chief Executive Officer at Flexport.

Teresa Carlson, President and Chief Commercial Officer, Flexport

Teresa Carlson, President and Chief Commercial Officer, Flexport

Carlson brings more than 25 years of innovation and leadership experience building global technology businesses in public and private sectors to drive Flexport’s ambitious growth roadmap. Carlson will oversee Flexport’s sales, marketing and communications, as well as its impact arm Flexport.org. She will also spearhead the company’s expansion in new global markets, verticals, and strategic partnerships.

“Teresa has an impressive track record of scaling businesses globally, and I have seen first-hand her dedication to delivering best-in-class technology solutions for customers around the world,” said Dave Clark, co-CEO of Flexport. “As Flexport looks to its next phase of growth, we believe Teresa’s leadership will help us forge new partnerships at a global scale and seize the incredible opportunity to digitally transform the supply chain for multiple industries.”

Most recently, Carlson was Corporate Vice President and Executive-in-Residence at Microsoft. Prior to that, she was President and Chief Growth Officer at Splunk, where she oversaw 70% year-over-year cloud revenue growth. Before joining Splunk, Carlson served as Vice President, Amazon Web Services (AWS), where she founded and led the Worldwide Public Sector business for more than a decade and became a global leader in the cloud computing field. Additionally, in 2020, she spearheaded AWS’ expansion in financial services, energy, telecommunications, healthcare, and aerospace industries. Prior to AWS, Carlson spent more than nine years at Microsoft, where she oversaw the company’s US federal government business.

“Flexport has changed the way businesses view supply chain and logistics, and their technology-enabled platform has the power to make a huge impact for so many industries across the globe,” said Carlson. “I’m excited to join the talented Flexport team to grow the business globally and empower current and new customers with our full suite of innovative technology solutions.”

As part of her new role at Flexport, Carlson will leverage her deep expertise in the non-profit sector to lead the company’s humanitarian aid and sustainability arm Flexport.org and broaden its global impact. Flexport.org enables public and private organizations to deliver aid and meet their sustainability goals with greater ease and lower costs. To date, Flexport.org has helped deliver aid to 84 countries and supported more than 600 organizations with logistics and shipping, including raising over $30 million and shipping 13.2 million pounds of critical aid to help those impacted by the humanitarian crisis in Ukraine. Flexport.org’s sustainability programs also reduced more than 300,000 tonnes of greenhouse gas emissions.

Carlson has long been a strong advocate for empowering women in the tech industry. While at AWS, she founded the company’s diversity and inclusion initiative, “We Power Tech,” to increase the number of underrepresented technologists in the innovation economy. On the non-profit and philanthropic front, Carlson currently serves as an officer for The Economic Club of Washington, D.C. and the Vice Chair of the White House Historical Association. She also serves on boards of the Atlantic Council and the Pentagon Memorial Fund.

About Flexport

We believe trade can move the human race forward. That’s why it’s our mission to make global trade easy for everyone. Flexport is the technology platform for global logistics – empowering buyers, sellers, and their logistics partners with the technology and services to grow and innovate. Companies of all sizes – from emerging brands to Fortune 500s – used Flexport technology to move nearly $19 billion of merchandise across 112 countries in 2021. In 2022, Flexport was named on CNBC’s Disruptor 50 List as well as one of Fast Company’s Most Innovative Companies.

About Flexport.org

Flexport.org is the sustainability and impact team within Flexport that enables organizations to deliver aid and meet their sustainability goals with greater ease and lower costs. Flexport.org creates value-added services for Flexport users to measure and reduce greenhouse gas emissions, bringing sustainability into their business roadmap. Flexport.org also provides critically needed visibility and expertise to nonprofits and NGOs, governments, and social enterprises, helping deliver aid and development shipments where they are needed most.

Source: Flexport, Inc.

PR Newswire

LG AND JEFF STAPLE SHOWCASE NEW LIFESTYLE TRENDS IN THE CREATOR’S ROOM AT CES 2023

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Renowned Creative Director and Founder of STAPLE and Reed Art Department Curates Inspiring, Interactive Exhibit Furnished With LG’s Latest Lifestyle Solutions

LAS VEGAS, Jan. 5, 2023 /PRNewswire/ — LG Electronics (LG) is partnering with Jeff Staple, the famed New York-based designer known for his streetwear brand – STAPLE, his creative agency Reed Art Department – and numerous, high-profile collaborations with sneaker and fashion brands, to present the Creator’s Room at CES 2023. Designed in conjunction with Jeff and bearing his distinctive sensibilities, the Creator’s Room is a curated ‘living space’ fitted with stylish objects, artwork and LG’s latest lifestyle solutions.

LG AND JEFF STAPLE SHOWCASE NEW LIFESTYLE TRENDS IN THE CREATOR’S ROOM AT CES 2023
LG AND JEFF STAPLE SHOWCASE NEW LIFESTYLE TRENDS IN THE CREATOR’S ROOM AT CES 2023

Located inside LG’s booth at CES, the Creator’s Room perfectly illustrates how the company’s premium home appliances can blend in with and enhance any lifestyle. The space also shows off the unique aesthetic that has made Jeff a favorite of streetwear fans and ‘sneakerheads’ the world over and includes some of his most-cherished items, such as limited-edition sneakers, figurines and art books.

Supporting Jeff’s passion for shoes and adding to the hip, young vibe of the exhibit is a double row (2 x 5) of the LG Styler™ ShoeCase, a space-friendly solution for storing, displaying and caring for limited-edition footwear. Also seamlessly slotting into the space is the LG Styler ShoeCare, which leverages LG’s hygiene-enhancing TrueSteam™ technology to keep shoes fresh and looking their best. Additionally, both creative, cutting-edge products reflect the company’s commitment to good ESG management as their gloss exteriors are made entirely from recycled plastics.

LG AND JEFF STAPLE SHOWCASE NEW LIFESTYLE TRENDS IN THE CREATOR’S ROOM AT CES 2023
LG AND JEFF STAPLE SHOWCASE NEW LIFESTYLE TRENDS IN THE CREATOR’S ROOM AT CES 2023

All of the advanced appliances on show in the Creator’s Room are compatible with the LG ThinQ™ app, which offers access to a range of features and personalized services that help create a more convenient and customized user experience. For example, the app can be used to change the color of the refrigerator with MoodUP™, whose LED door panels present users with more than 190,000 possible color combinations to experiment with. The app also makes it possible to choose and change the image displayed on the ARTCOOL™ Gallery air conditioner’s integrated LCD screen, select from the different lighting colors and effects available for the ShoeCase, or remotely control the ShoeCare.

“Designed in partnership with the legendary Jeff Staple, the Creator’s Room introduces the tailored lifestyle that can be achieved through LG’s new concept lifestyle solutions,” said Sookie Roh, vice president and head of LG Electronics Home Appliance & Air Solution brand communications. “We will continue to create aesthetically- and technologically-sophisticated solutions delivering a more customized user experience and a better life at home.”

Visitors to LG’s booth (#15501, Las Vegas Convention Center, Las Vegas) at CES 2023 from January 5-8 will have the opportunity to experience the exclusive Creator’s Room collaboration with Jeff Staple as well as all of the company’s latest lifestyle innovations.

About LG Electronics Home Appliance & Air Solution Company

The LG Home Appliance & Air Solution Company is a global leader in home appliances, smart home solutions, air solutions as well as visionary products featuring LG ThinQ AI. The company is creating various solutions with its industry leading core technologies and is committed to making life better and healthier for consumers by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and compelling health benefits. For more news on LG, visit www.LGnewsroom.com.

Source: LG Electronics, Inc.

PR Newswire

MultiMetaVerse Inc. and Model Performance Acquisition Corp. Complete Business Combination

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– MMV Ordinary Shares and Warrants to Trade on Nasdaq under Ticker Symbols “MMV” and “MMVWW”, respectively

NEW YORK, Jan. 5, 2023 /PRNewswire/ — MultiMetaVerse Inc., an animation and entertainment company devoted to establishing an open community for its global users and to providing high-quality and immersive entertainment experiences, and Model Performance Acquisition Corp. (Nasdaq: MPAC; “MPAC”), a special purpose acquisition company, announced the completion of their business combination (the “Business Combination”). The listed company resulting from the Business Combination will be MultiMetaVerse Holdings Limited (“MMV”). On January 5, 2023, MMV’s shares will commence trading on the Nasdaq Global Market under the ticker symbol “MMV,” and MMV’s warrants will commence trading on the Nasdaq Capital Market under the ticker symbol “MMVWW.”

Yiran Xu, Chairman and Chief Executive Officer of MMV, stated that “[a]s we achieve a major milestone today, we will continue to develop new stories, animations, video games etc. to cater to the needs of our users, and to expand our business into new markets. By listing on the Nasdaq, we are closer to realize our ambition to become a vigorous international digital entertainment provider in the new era.”

Claudius Tsang, Chief Executive Officer of MPAC, commented, “[t]he Model Performance team is honoured to be part of this landmark occasion for MultiMetaVerse. We are excited for what lies ahead for the company.”

Advisors

Paul Hastings LLP served as legal counsel to MMV. Loeb & Loeb LLP served as the legal counsel to MPAC.

About MMV

MMV is an animation and entertainment company devoted to establish an open community for its global users comprised of animation viewers, game players, and content creators and to provide high-quality and immersive entertainment experience by way of original contents, user-generated contents, and professional user-generated contents. In 2015, MMV commenced animation production under its signature Aotu World brand. This animation series has an inspiring story, unique graphic style and has gained a following, particularly among the younger audience, in China. By leveraging its established user base as a foundation for further development and genre diversification, MMV has produced additional animated content based on the Aotu World brand and added to its portfolio with new brands, stories and characters. MMV also expanded its content offerings in the forms of comic books, short videos, collectibles, stationery, consumer products, mobile games and other genres.

About MPAC

MPAC is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.

Forward Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or MMV’s future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “going to,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern MMV’s expectations, strategy, priorities, plans or intentions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should understand that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements, including the risks set forth under “Risk Factors” in our Registration Statement on Form F-4 and our other SEC filings. MMV cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. MMV does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

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Source: Model Performance Acquisition Corp.

PR Newswire

Waterdrop and Jemincare Collaborate on the “Digital Service Platform for CKD Patients”

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BEIJING, Jan. 4, 2023 /PRNewswire/ — Waterdrop and Jemincare recently reached a cooperation, according to which both sides will jointly launch the “Digital Service Platform for CKD Patients”. Featuring both online and offline service modules ranging from follow-up visits and consultation with doctors to interpretation of data reports and popularization of disease knowledge, the platform is expected to offer patients efficient, convenient, and integrated chronic disease management services, and enhance their experience even without visiting hospitals.

Jemincare is committed to delivering CKD patients with a better experience in drug use, diagnosis, and treatment by offering services outside hospitals throughout the course of the disease. Boasting a series of proven tools devised to improve patient management services, Waterdrop Patient Platform, built on a patient-centric approach, can provide patients with services in the whole disease course outside hospitals. The bilateral cooperation is of positive significance in helping CKD patients solve problems associated with diagnosis, drug use, and daily care during the long cycle of treatment.

According to Yao Hu, co-founder of Waterdrop and General Manager of Waterdrop’s Pharmaceutical Innovation Business Unit, Waterdrop Patient Platform enjoys a solid foundation in offering patient services across the whole disease course outside hospitals and has put in place a multi-dimensional operation system that provides patients with one-on-one Q&A services related to reporting interpretation, drug use, disease knowledge explanation, nutrition & lifestyle guidance, and psychological support. As of September 2022, the platform had served 3 million patients with severe diseases and set up nearly 1,600 communities that covered patients of 12 common serious diseases and rare diseases. “Centering on patient needs, Waterdrop Patient Platform will further optimize service processes to bring more comprehensive, professional, and considerate services to patients. Also, empowered by digital technologies, the platform can help pharmaceutical partners boost quality and efficiency.”

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Waterdrop’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Waterdrop’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Waterdrop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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Source: Waterdrop Inc.

PR Newswire

Xinhua Silk Road: Cultural fair showcases digital transformation of China’s cultural industry

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BEIJING, Jan. 4, 2023 /PRNewswire/ — The ongoing 18th China(Shenzhen) International Industries Fair, which showcased achievements of the digitalization strategy for cultural industry, has attracted a number of high-tech enterprises in the fields of 5G, big data, cloud computing, and artificial intelligence to participate in.

Photo provided to Xinhua shows visitor experiencing AI technology during the 18th China(Shenzhen) International Industries Fair
Photo provided to Xinhua shows visitor experiencing AI technology during the 18th China(Shenzhen) International Industries Fair

The 14th Five-Year Plan for Cultural Development, released in 2022, proposes that China will strengthen its innovation drive, and promote the upgrading of its industrial base and the modernization of its industrial chain in the next five years.

In fact, digitalization has become a catalyst for China’s cultural industry, and a large number of cultural resources have been revitalized with the empowerment of digital technology.

For example, Chinese internet giant Tencent and Dunhuang Academy are working together to digitize the cultural relics in the Dunhuang caves. Liu Xiaolan, Tencent’s project leader, said that digital technology will move Dunhuang cultural relics online, and people can feel the cultural charm of thousands of years in the digital caves.

Besides, virtual reality (VR) technology is playing an increasing role in the digitalization of the cultural industry. SenseTime, an artificial intelligence unicorn company, has moved Hangzhou West Lake to the AR world, visitors only need to scan the real scene with their mobile phones to open the AR navigation guide mode and experience immersive real scene navigation and virtual and real fusion navigation.

Shenzhen’s cultural industry has maintained a rapid development momentum in the past ten years, with an average annual growth rate of more than 15 percent. Creative design, animation games, digital culture and other industries have showed strong competitiveness, and more than 25 percent of cultural enterprises above the scale have the qualification of national high-tech enterprises.

According to the Ministry of Culture and Tourism, digital technologies such as 5G, big data, AR/VR, artificial intelligence, and ultra-high definition have been widely used in the cultural industry, new formats such as cloud exhibitions, online broadcasts, digital art, and immersive experiences have developed rapidly, and a number of digital cultural boutiques with distinctive Chinese cultural characteristics have continued to emerge.

Yuan Yuan, associate researcher of Shenzhen Research Center of Culture, Sports, Tourism, Radio & Television, said that more excellent culture will gain long-term vitality in the digital world.

See the original link: https://en.imsilkroad.com/p/332033.html

PR Newswire

Rotary Encoder integrated TFT Display

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NEW TAIPEI CITY, Taiwan, Jan. 4, 2023 /PRNewswire/ — The knob for sports cars. Turn the knob with one hand while holding the steering wheel with the other. Turn on the air conditioner, and pick your favorite love song, ensuring pleasure with this touch.

To enjoy this convenience for work and leisure at home, SHANPU developed SLB2: the knob of the future. The SLB2 full-color TFT LCD comes with a high resolution of  240(H)RGB*240(V) dots and can be controlled by the SPI interface, allowing inventors to design products by writing a program in Arduino.

SLB2: the knob of the future.
SLB2: the knob of the future.

Using the rotary encoder with a click button, you can control and change your colorful pictures, symbols, and text on the screen. The optical encoder offers the switch excellent reliability and long life. Using this rotary encoder switch, you can set, adjust, and select from the menu items. They are used in conjunction with the tactile switch, which provides distinct tactile feedback when activated, to help confirm and set the items more clearly.  It has an IP65 rating, is water resistant and dust tight, and is suitable for use in harsh environments.

The switch housing is made of aluminum alloy material, which increases strength without sacrificing quality and has a nice texture.

SHANPU, which was founded in 1975, has consistently adhered to the business philosophy of innovation, fashion, and high quality. Plus, it is ISO 9001 certified for quality management systems. From product design, mold design and manufacturing, and injection molding to product assembly, SHANPU forms a consistent service system to meet the requirements and demands of the customers.

SHANPU switch products are designed and developed by 3D design software, improving plastic mold design efficiency. In order to provide a wide range of products for low-volume manufacturing services, we developed our quick mold change system. We provide a wide range of tooling services, including CNC (Computer Numerical Control) lathes, CNC milling machines, EDM (Electrical Discharge Machining)/WEDM (Wire Electrical Discharge Machining), and the industrialization and tooling manufacturing process to manufacture our products to the highest quality standards and ensure they are robust and reliable.

SHANPU develops and produces a wide array of switches, including illuminated Silent switches, illuminated tact switches, navigation module switches, LED illuminated light switches, rotary switches, waterproof switches, metal buttons switches, LCD button switches, power switches, as well as customized color graphic printing and laser marking services.

SHANPU switches are suitable for various applications: audio-visual equipment, home/office automation equipment, industrial control mechanical equipment, and other industries. For example, for car audio-visual entertainment system integration, this rotary switch can integrate a car audio system, entertainment system, internet system, external searchlights, suspension system, trailer system, etc. Likewise, hotel automation systems can monitor and control the lighting, audio, and air conditioning with this rotary switch.

SHANPU switches are highly reliable, high quality, beautiful, and available in various attractive designs. We have the best solution for all your rotary switching needs. For more information regarding how to use rotary switches, call SHANPU today.

Visit SHANPU Company Limited at:

https://www.shanpu.com.tw

Email: info@shanpu.com.tw

Product: https://www.shanpu.com.tw/en/product/series/SLB

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Source: SHANPU CO., LTD.

PR Newswire

iQIYI Announces Closing of Private Placement of Convertible Notes to PAG

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BEIJING, Jan. 3, 2023 /PRNewswire/ — iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced the closing of a private placement of US$500 million in secured convertible senior notes (the “Notes”) to PAGAC IV-1 (Cayman) Limited, an affiliate of PAG, an investment firm focused on the Asia Pacific region (the “Investor”). The Company entered into a definitive agreement with respect to the transaction in August 2022. With the closing of this investment, iQIYI will continue to enhance and expand its business operations, develop its original content, and improve its working capital.

The Notes may be convertible into the Company’s American depositary shares, each currently representing seven Class A ordinary shares of the Company, at the holder’s option and subject to the terms of the Notes, at an initial conversion rate of 216.9668 ADSs per USD1,000 principal amount of Notes, representing a conversion premium of 20% above the volume weighted average price of the 20 trading days by August 29, 2022.  The Notes bear an interest rate of 6% per annum and will mature on the fifth anniversary of the issuance date. Holders of the Notes have the right to require the Company to repurchase for cash all or part of their Notes, at a repurchase price equal to 120% and 130% of the principal amount of the Notes, on or shortly after the third anniversary of the issuance date and the fifth anniversary of the issuance date, respectively.

Founded in 2010, iQIYI is one of China’s largest providers of long-form streaming video content, with more than 100 million daily subscribing members.  For the nine months ending September 30, 2022, iQIYI recorded RMB21.4 billion (USD3.0 billion[1]) in total revenues and RMB528.9 million (USD74.3 million) in operating income. iQIYI has increased its operating income margin for four consecutive quarters and maintained positive operating income for three consecutive quarters.

Weijian Shan, executive chairman of PAG, has been appointed as a member of the board of directors of the Company (the “Board”), effective December 30, 2022. Mr. Shan has also been appointed as a non-voting member of the audit committee of the Board and a member of the compensation committee of the Board.

“PAG sees value where value is,” said Mr. Yu Gong, Founder, Director and Chief Executive Officer of iQIYI. “As a leading private equity investor, PAG recognizes and appreciates iQIYI’s market leadership position and growth potential. We are excited about the partnership with PAG and look forward to growing the Company together.”

Mr. Shan said, “PAG aims to unlock value wherever we find the best opportunities. iQIYI is a market leader with great potential for growth. We will work with the Company to further its goals of expanding the region’s leading online entertainment video service.”

Footnotes:

[1] RMB to USD was converted at an exchange rate of US$1 =RMB7.1135 as of September 30, 2022, as set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. Translations are provided solely for the convenience of the reader.

About iQIYI, Inc.

iQIYI, Inc. is a leading provider of online entertainment video services in China. It combines creative talent with technology to foster an environment for continuous innovation and the production of blockbuster content. It produces, aggregates and distributes a wide variety of professionally produced content, as well as a broad spectrum of other video content in a variety of formats. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. iQIYI attracts a daily subscriber base of more than 100 million, and its diversified monetization model includes membership services, online advertising services, content distribution, online games, IP licensing, talent agency, online literature, etc.

About PAG

PAG is an alternative investment firm focused on the Asia Pacific region with three core strategies: Credit & Markets, Private Equity, and Real Assets. PAG has more than USD50 billion of assets under management for nearly 300 global institutional fund investors.

For further information, please contact:

Investor Relations
iQIYI, Inc.
ir@qiyi.com

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Source: iQIYI, Inc.

PR Newswire

LG Display Showcases Innovative OLED Technologies at CES 2023

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SEOUL, South Korea, Jan. 3, 2023 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today that it will unveil its futuristic display products that innovate everyday life at CES 2023.

LG Display’s Automotive Display at CES 2023
LG Display’s Automotive Display at CES 2023

LG Display will be operating two booths at the Las Vegas Convention Center (LVCC), one in the North Hall (main booth) and another in the West Hall (automotive display).

The company’s main booth will take this opportunity to reveal its industry-leading display technologies that make people’s lives more enjoyable under the theme, ‘Always On.’ On the other hand, under the slogan of ‘Advanced Mobility Lifestyle,’ LG Display opens its first-ever booth solely dedicated to next-generation automotive display innovations, as the company strives to provide the best mobility experience through solutions ranging from state-of-the-art automotive displays to sound solutions.

LG Display is to expand its Order-to-Order business by introducing small-to-medium-sized OLED and automotive display solutions, including Foldable OLED displays that break down a device’s boundaries and suggest expanded utility that adapts to customers’ unique lifestyles.

The 17-inch Foldable OLED optimizes a laptop’s utilization in various environments since it can fold and unfold in half to transform into a tablet or portable monitor. This innovative 17-inch Foldable OLED is almost entirely crease-free at the point of folding, letting users enjoy one device in various ways and forms. The screen is also equipped with the company’s touchscreen solutions that enable people to use the screen with either a pen or one’s fingers.

LG Display’s 8-inch 360-degree Foldable OLED is a revolutionary technology that successfully enables a device to fold both ways to bring greater utilization, as users can now choose different form factors according to their task. Its module structure guarantees durability even when folded more than 200,000 times, while its special folding mechanism minimizes wrinkles along the folding areas.

The company strives to expand its automotive display business as it represents a strong future growth engine and key contributor to its Order-to-Order business. LG Display will unveil a wide range of revolutionary automotive displays featuring key proprietary technologies such as P-OLED and LTPS (Low-Temperature Polycrystalline Silicon) LCD, innovations which enable larger, higher-resolution displays and more distinctive, practical designs.

LG Display’s 34-inch P-OLED display, the world’s largest automotive P-OLED, employs an ergonomic structure that gives the driver a clear view of the dashboard and navigation system at the same time. In addition, the company’s 12.8-inch Control Pad, Center Fascia, will also be introduced at the booth.

The company’s LTPS LCD-based Head-Up Display (HUD), which achieves up to 5,000 nits, meets the driver’s needs while maintaining premium picture quality. Another innovation, glasses-free 3D display panel, maximizes the display’s 3D effect by utilizing cutting-edge eye-tracking technology to give viewers a level of visual satisfaction they have never experienced before.

The company will also showcase its Thin Actuator Sound Solution, a new technology designed to take the infotainment user experience to the next level. LG Display’s film-type exciter technology allows the device to vibrate off display panels or interior materials for a richer, 3D-immersive sound experience. This Thin Actuator Sound Solution even received a CES® 2023 Innovation Award (‘In-Vehicle Entertainment & Safety’ category) for its excellence in space efficiency, design innovation, sound experience innovation and eco-friendliness.

The passport-sized Thin Actuator Sound Solution (150mm x 90mm) boasts a thickness of just 2.5mm – equivalent to two coins stacked together – and light weight of 40g, making it 70 percent lighter and 90 percent thinner than conventional car speakers.

Its compact size and innovative form factor allow it to be installed in various parts of the vehicle’s interior, such as the headliner, pillar, dashboard or headrest, creating a consistent sound quality across the entire cabin so that everyone can enjoy its stereoscopic sound effects. Also, the speaker’s lighter weight enables higher energy efficiency and lower carbon emissions, on top of not using environmentally harmful materials such as neodymium, an essential component of most conventional speakers.

In the North Hall, LG Display will also unveil its third-generation OLED TV panel that achieves the most advanced picture resolution to date by applying ‘Meta Technology’.

LG Display will present its comprehensive OLED line-up, from the largest 97-inch OLED display to 77-, 65-, 45-, 42-, 27-inch OLED TV panels and ultra-small 0.42-inch OLEDoS.

New Movable OLED concept designs leveraging the technology’s thin and light qualities for future mobility will also feature at CES 2023 to bring greater utility to people’s distinctive lifestyles.

OLED Glow is a 27-inch OLED concept that is not only height and angle adjustable, but also comes with convenient touch technology. BeFit Trolly, which combines a wheeled storage design frame with a 48-inch OLED panel boasting CSO (Cinematic Sound OLED) technology that creates sound directly from the display without additional speakers, maximizes functionality, mobility, convenience and interior designs.

LG Display will also showcase its gaming-optimized 45-inch ultra-wide OLED and 27-inch OLED displays. Its gaming OLEDs boast the fastest response time while permitting the highest level of performance and the clearest picture quality by applying a special polarizer for gaming. Furthermore, LG Display’s groundbreaking Bendable display technology enables gaming OLEDs to bend up to 800R, so that avid players can experience the optimal curve for every game genre.

Starting this month, the company will mass produce the gaming OLED panels to be featured in premium gaming monitors by global tech companies such as LG Electronics, Asus, and Corsair.

LG Display will continue to introduce various products that promote a positive consensus among global customers, innovate the company’s differentiated technological leadership and find potential customers to promote mid-to-long-term business growth.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:

TaeHyun Tommy Jang, Assistant Manager, Global PR Team
Email: tommy.jang@lgdisplay.com

Jean Lee, Team Leader, Global PR Team
Email: jean.lee@lgdisplay.com

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Tata Technologies celebrates 6th consecutive year of Global ER&D Leadership in Zinnov Zones 2022

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Tata Technologies has been positioned 1st among all India-based Global ER&D Electrification specialists and 2nd globally as the ESP of choice for OEMs embarking on their electrification journey.

PUNE, India and COVENTRY, England and DETROIT, Jan. 2, 2023 /PRNewswire/ — Tata Technologies, a leading global product engineering and digital services company, announced today that it has been recognized as a global leader in the Zinnov Zones for ER&D services ratings for the sixth consecutive year. The company has been showcased as the electrification partner of choice for global OEMs by being positioned as 1st among all India-based Global ER&D Electrification specialists and 2nd globally. It has also been positioned as 1st among all India-based global Automotive ER&D engineering service providers and 3rd globally.

Tata Technologies celebrates 6th consecutive year of Global ER&D Leadership in Zinnov Zones 2022

Tata Technologies celebrates 6th consecutive year of Global ER&D Leadership in Zinnov Zones 2022

Tata Technologies’ vision of Engineering a better world embodies a commitment to offering sustainable engineering and digital transformation solutions across the product value chain. The 2022 Zinnov Zones study acknowledged that Tata Technologies has made impressive gains across all the key areas of the product value chain. It has been positioned as a Global Leader in Automotive ER&D, Electrification services, Digital Engineering, Industry 4.0, and Aerospace ER&D services.The broad-based improvement in ratings is a testament to its compelling solutions across the product engineering and manufacturing value chain, turnkey electric vehicle capabilities, embedded software solutions, digital transformation services, digital manufacturing solutions, diversified global client base, and large deal wins over the last year. Additionally, its custom offerings around MRO, tooling design and simulation, and aftermarket solutions for the Aerospace industry have been recognized for their value creation.

Reflecting on Zinnov Zones 2022 ratings, Warren Harris, CEO & MD, Tata Technologies, said, “It is an honour to be acknowledged as a global leader in ER&D Services for the sixth year in a row, and first among all India-based Global ER&D Electrification specialists. The Zinnov ratings are a true testimony to the progress we have made over last year and showcase how we have enhanced our value proposition across the product value chain. It also reinforces our commitment to continue investing in our digital engineering and turnkey EV capabilities to help our customers launch competitive products.”

Sidhant Rastogi, Managing Partner, and Global Head, Zinnov, said, “Tata Technologies has transformed the way global products are engineered, manufactured, and serviced by leveraging its solution and accelerator ecosystem across the ER&D product value chain. It has won several large deals across Electric Vehicles, Embedded Software, Industry 4.0 & Digital Engineering. It has established a track record of delivering at-scale high-end e-mobility and digital transformation solutions for diverse marquee clients across the globe. It has successfully positioned itself as 1st among all India-based, Global ER&D Electrification and Automotive specialist, backed by its turnkey Electric Vehicle development solution and accelerators like eVMP and Pulse. Its leadership position across the various stages of the product value chain in the Zinnov ER&D Zones 2022, reflects its strong capabilities in the EV, Automotive and Aerospace verticals.”

Santosh Singh, Senior VP & Global Head – Marketing & Business Excellence, Tata Technologies, said, “We’re the strategic engineering partner businesses turn to when they aspire to be better. From delivering discrete outcomes to end-to-end product development solutions, Tata Technologies is the engineering services partner of choice for companies that want to transform their product portfolio and launch new EVs rapidly. The recognition by Zinnov Zones as the No.1 India-based Global EV specialist positions us as a desirable brand for talent who want to experience global projects and work with a purpose-driven organization.”

The Press Release is available on website, LinkedIn, Twitter, and Instagram.

Zinnov Zones is an annual rating published by Zinnov, which assesses Global Service Providers based on their competencies, capabilities, and market success. 

About Tata Technologies

Tata Technologies is a global product engineering and digital services company focused on fulfilling its mission of helping the world drive, fly, build, and farm by enabling its customers to realize better products. For more information, visit www.tatatechnologies.com. Follow on Instagram, LinkedIn, Twitter for latest updates. Contact us at Marketing@tatatechnologies.com

About Zinnov

Zinnov is a global management consulting firm that has successfully consulted with 250+ Fortune 500 enterprises in their value creation journeys. For more information,visit www.zinnov.com