Tag Archives: CPR

PR Newswire

Changes to Ericsson’s Nomination Committee

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STOCKHOLM, Dec. 10, 2022 /PRNewswire/ — Effective December 9, 2022, Niko Pakalén will replace Jonas Synnergren as representative for Cevian Capital Partners Limited in Ericsson’s (NASDAQ: ERIC) Nomination Committee.

The Nomination Committee now consists of:   

  • Johan Forssell, Investor AB;
  • Karl Åberg, AB Industrivärden;
  • Anders Oscarsson, AMF – Tjänstepension och Fonder;
  • Niko Pakalén, Cevian Capital Partners Limited; and
  • Ronnie Leten, the Chair of the Board of Directors

Johan Forssell is the Chair of the Nomination Committee.

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Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company’s portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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PR Newswire

Rebound Plastic Exchange to support Malaysia achieve its Plastics Sustainability Roadmap by 2030

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Rebound Plastic Exchange, a quality assured global trading platform for recycled plastics, will ensure transparency whilst facilitating cross border trade to unlock circularity worldwide.

ABU DHABI, UAE, Dec. 10, 2022 /PRNewswire/ — Rebound Plastic Exchange, a global B2B digital trading platform for recycled plastics, is ready to support Malaysia achieve its national sustainability targets by 2030. Implemented by the Ministry of Environment and Water (KASA), the Malaysia Plastics Sustainability Roadmap aims to phase out problematic single-use plastics against a 76% average collected-for-recycling rate by 2030, with long-term aims to achieve a 100% recycling rate for plastic packaging by 2050[1]. Rebound Plastic Exchange promises quality assurance and trust by vetting the members and listings posted onto the marketplace, thus helping the industry achieve its targets and keep plastic out of the environment.

Malaysia became the leading destination for the world’s plastic following the China ban in 2018. Its adherence to the Basel Convention gives Malaysia more leeway to curb plastic waste, incentivizing verified feedstock to enter its territories though contaminated plastics still find their way to the country despite the new UN rules[2]. Plastics can in fact be recycled into usable products, however 81% of the material value of plastics is lost in Malaysia due to failure to recover the material[3]. 

Maryam Al Mansoori, General Manager, Rebound Plastic Exchange, said, “ASEAN countries boast a significant portion of the global plastic feedstock, positioning the region as a leading processor for recycled plastics with Malaysia at its head, should it seize the opportunity to undergo pivotal changes in the industry, towards greater plastic recycling.”

Meanwhile, PETRONAS Chemicals Group (PCG) officiated its partnership with ExxonMobil under a Memorandum of Understanding (MoU) to pilot advanced plastic recycling methods using cutting-edge technology for large-scale implementation[4].

It is estimated that up to 70%[5] of the existing installed recycling capacity in Malaysia is used for imported plastic waste, demonstrating the need for a range of solutions to support circular plastic waste management as Malaysia remains in the top 10 ocean polluters due to mismanaged plastic waste. Out of a total 1.41 million tonnes, currently, 1.07 million tonnes[6] of domestic plastic are disposed per year in Malaysia, resulting in only 24.2%, or 340,000 tonnes of recycled plastics overall.

Active buyers and sellers on Rebound Plastic Exchange come from over 21 countries, helping source plastic feedstock at the preferred price ranges. Industry members, whether buyers or sellers of recycled plastics, can register on Rebound Plastic Exchange free of charge and access a global marketplace for quality assured feedstock.

1. RPX Market Research Report: Insights into the Recycled Plastic Landscape in the ASEAN Region 
2. https://www.reuters.com/article/us-malaysia-environment-plastic-idUSKBN2BG0ZL
3. https://www.malaysiakini.com/announcement/626174
4. https://www.thestar.com.my/business/business-news/2022/09/20/pcg-inks-mou-with-exxonmobil-on-plastic-recycling-in-malaysia
5. RPX Market Research Report: Insights into the Recycled Plastic Landscape in the ASEAN Region 
6. RPX Market Research Report: Insights into the Recycled Plastic Landscape in the ASEAN Region

PR Newswire

Rebound Plastic Exchange ready to unlock new opportunities for recycled plastics in Hong Kong

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Rebound Plastic Exchange, a quality assured global trading platform for recycled plastics, will ensure transparency whilst facilitating cross border trade to unlock circularity worldwide.

ABU DHABI, UAE, Dec. 9, 2022 /PRNewswire/ — Rebound Plastic Exchange, a global B2B digital trading platform for recycled plastics, is ready to enter the Hong Kong market in full swing following its increased activity across the Middle East, North America, Latin America, India, Southeast Asia and Europe. The global marketplace promises quality assurance and trust by vetting the members and listings posted onto the marketplace, thus helping Hong Kong and the industry achieve its targets and keep plastic out of the environment.

In 2016, Hong Kong exported nearly 1.78 million tonnes[1] of recycled plastic waste to China, most than any other country in the world. In 2020, plastics still made up 21% of the city’s total municipal solid waste (MSW), though with a 27% increase in locally recycled plastics[2] . The Hong Kong Legislative Council then passed the Waste Charging Scheme in 2021 with hopes to reduce per capita waste disposal by 45% and increase recycling rates by 55%[3]. As the highly anticipated scheme is about to begin in 2023, and with the new Waste Blueprint for Hong Kong 2035 entering into force, Rebound Plastic Exchange is ready to enable the city to unlock more investment opportunities to support its growing recycling targets and initiatives.

Maryam Al Mansoori, General Manager, Rebound Plastic Exchange, said, “Recent data shows plastic waste represents approximately 20% of municipal solid waste disposal in Hong Kong. [4] This statistic could very well be leveraged as the world’s plastics market is forecasted to reach $46.6 bn by 2025.”

Rebound Plastic Exchange’s increased activity in Hong Kong will only complement the regional government’s commitments towards the Basel Convention’s Amendments on the trade of plastic and thus unlocking the world’s plastics, one country at a time. Active buyers and sellers on Rebound Plastic Exchange come from over 21 countries, helping source plastic feedstock at the preferred price ranges.

Industry members, whether buyers or sellers of recycled plastics, can register on Rebound Plastic Exchange free of charge and access a global marketplace for quality assured feedstock.

[1] https://ourworldindata.org/grapher/plastic-exports-to-china

[2] https://www.wastereduction.gov.hk/sites/default/files/msw2020.pdf

[3] https://www.wastereduction.gov.hk/en/index.htm

[4] https://www.gov.hk/en/residents/environment/waste/management/prsplastic.htm

PR Newswire

Epulze Set to lead 2023 Southeast Asia Dota 2 Pro Circuit With EBN

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The pair is tasked by Valve to champion its esports scene in the region

KUALA LUMPUR, Malaysia, Dec. 9, 2022 /PRNewswire/ — Epulze, a global esports entertainment and tournament platform provider join force with leading Southeast Asian esports marketing agency Esport Business Network (EBN) in hosting the upcoming 2023 Dota 2 Pro Circuit Southeast Asia (SEA DPC).

Epulze Set to lead 2023 Southeast Asia Dota 2 Pro Circuit With EBN
Epulze Set to lead 2023 Southeast Asia Dota 2 Pro Circuit With EBN

The format for the 2022-2023 season will mostly be similar to previous seasons, with the regional league lasting three instead of six weeks and the divisions in separate iterations. 

“It is an exciting time for everyone here at Epulze to work with our partners on a ground-breaking event like the SEA DPC. This is a wonderful opportunity for us to showcase the professional players at the top of their games and provide a wonderful lens into the Southeast Asia region and all that it can offer,” shared Pontus Lövgren, Epulze Co-founder and Head of Events & Partnerships.

Selected by Valve to host all three tours of the SEA DPC, both Epulze and EBN will broadcast the event in over 10 languages to a global audience. With expertise and experience working within the Southeast Asia region, both companies will leverage local studios and partners to create broadcasts in multiple local languages, including Tagalog, Thai, Vietnamese, Mongolian, and Indonesian. 

Viewers will also benefit from a series of content focusing on the culture, food, and traditions of the region’s nations and cities as part of the broadcasts. Epulze and EBN will look to provide not just a great tournament for professional players, but also for the fans and viewers that will be cheering their favourite teams on.

As among the leading esports brands in Southeast Asia, the collaborators aim to build a healthy and wholesome ecosystem that unites esports fans and players while nurturing bonds between the two through shared interests. Having produced the English broadcast of the previous 2021/2022 DPC South America Tour 1 and several other regionally well-known qualifiers, Epulze and EBN are well-equipped to provide the support needed for the 2023 Southeast Asia Dota 2 Pro Circuit.  

“We are excited to be in partnership with Epulze and Valve to execute the Dota 2 Pro Circuit in Southeast Asia for 2023. Our collective goal is to elevate the experience for the community through our broadcast, content and tournament in the upcoming year. Dota 2 has been an integral part of Southeast Asia’s esports history and we are excited to see how we can continue to add value to the ecosystem and provide the community with more memorable experiences.” emphasized Adrian Gaffor, Co-founder and CEO of Esports Business Network. 

About Epulze

Founded in Sweden in 2015, Epulze is a world-leading esports, gaming, and entertainment company with the purpose of connecting grassroots players, professionals, enthusiasts, and stakeholders of esports, to create growth and engagement for gaming communities all over the globe. 

Epulze consists of several different verticals in the gaming and esports community, combined into the Epulze Esports Ecosystem. Through an easily accessed online tournament and competitions platform, an event and pro tournaments division, and a broadcasting studio, Epulze supplies grassroots players, pros and stakeholders all over the world with unique engagement in esports.  

About Esport Business Network (EBN) 

Esport Business Network (EBN) is one of the leading marketing agencies in the esports industry across Southeast Asia. Since its inception in 2014, Esport Business Network (EBN) has offered 360-degree solutions which include digital, creative, content, marketing and promotion, live production, event and talent management.

 

PR Newswire

SPLASH DAMAGE ANNOUNCES TRANSFORMERS: REACTIVATE

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World Exclusive Reveal at The Game Awards Offers a First Look at a Brand-New TRANSFORMERS Video Game

SINGAPORE, Dec. 9, 2022 /PRNewswire/ — Splash Damage, the developers behind Dirty Bomb, Gears Tactics, Wolfenstein: Enemy Territory, today announced TRANSFORMERS: REACTIVATE, a 1-4 player online action game, being developed in collaboration with Hasbro, Inc. This PC & Console co-op game will offer players an opportunity to explore a fresh, new story within the TRANSFORMERS universe.

Splash Damage Announces TRANSFORMERS REACTIVATE
Splash Damage Announces TRANSFORMERS REACTIVATE

The Game Awards saw the World Exclusive Reveal of TRANSFORMERS: REACTIVATE, offering fans a glimpse of what they can expect with a cinematic trailer. The gravest threat to humanity has arrived. And it’s already won. Earth is no longer ours; it belongs to them. All we have left is our hope for the Autobots, as we salvage them from the rubble left behind.

TRANSFORMERS: REACTIVATE YouTube Link: https://www.youtube.com/watch?v=edBK2ZpYY_0

TRANSFORMERS: REACTIVATE will offer players a chance to immerse themselves in the TRANSFORMERS universe like never before. They will get to play as some of their favourite characters; unique, weighty, and powerful, seamlessly converting between vehicle and bot form as they battle The Legion; the greatest threat the Autobots have ever faced.

Richard Jolly, CEO of Splash Damage, says, “Growing up with G1 TRANSFORMERS in the ’80s means it’ll always hold a special place in my heart, it’s both an honour and a privilege to work with such a beloved franchise. We know fans have been waiting a long time for a new TRANSFORMERS game on consoles and pc, and we’re going to give them the experience they deserve.”

TRANSFORMERS: REACTIVATE marks a new era for Splash Damage and is being developed & published exclusively by the London-based group. As part of this new era, Splash Damage recently acquired BULKHEAD and have been developing TRANSFORMERS: REACTIVATE in collaboration with the Derby-based studio. The 500+ people strong development & publishing teams at Splash Damage and BULKHEAD are expanding rapidly and TRANSFORMERS: REACTIVATE is one of several original titles currently in development at the studios.

Eugene Evans, SVP of Business Development & Digital Licensing, at Hasbro, says, “Fans have been eagerly awaiting a new game that immerses them into our iconic TRANSFORMERS universe. We’re thrilled to share a first look on one of gaming’s biggest nights. Splash Damage has an amazing track record with some of the world’s most famous IP’s and have a strong creative passion for the TRANSFORMERS brand. We’re confident that TRANSFORMERS: REACTIVATE will be hugely popular with the TRANSFORMERS community and continues the Hasbro Blueprint 2.0 strategy of creating first-class branded entertainment across diverse categories and platforms including video games.”

TRANSFORMERS: REACTIVATE will be available for PC and consoles. With the Closed Beta planned for 2023, players can sign up right now at www.playTFR.com for future updates.

You can prepare for more updates next year by joining the official social channels:

Press & Content Creators can register at https://press.splashdamage.com/ for access to assets and exclusive updates.

About Splash Damage

Splash Damage is dedicated to crafting team-based multiplayer games that forge lifelong friendships. The iconic universes of Halo, Gears, Batman, and now TRANSFORMERS have all had the Splash Damage treatment, along with their own creations like Dirty Bomb, RAD Soldiers, and Brink. Now in their 21st year, they have entered a new era of ownership, stability, and growth. Splash Damage has grown to over 400 people, with several unannounced games set to inspire audiences worldwide. 

Learn more: www.splashdamage.com 

About Transformers 

The TRANSFORMERS brand is a global powerhouse franchise with millions of fans around the world. Since 1984, the battle between the Autobots and Decepticons has come to life in movies, TV shows, comic books, innovative toys, and digital media, bringing incredible “MORE THAN MEETS THE EYE” experiences to fans of all ages. The brand’s enduring connection is made possible by its rich storytelling and characters: the heroic Autobots who seek to protect all life, and the evil Decepticons who seek to conquer the universe. The TRANSFORMERS brand is a Hasbro franchise.

About Hasbro

Hasbro (NASDAQ: HAS) is a global branded entertainment leader whose mission is to entertain and connect generations of fans through the wonder of storytelling and exhilaration of play. Hasbro delivers engaging brand experiences for global audiences through gaming, consumer products and entertainment, with a portfolio of iconic brands including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, Hasbro Gaming, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands.

Hasbro is guided by our Purpose to create joy and community for all people around the world, one game, one toy, one story at a time. For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, one of the World’s Most Ethical Companies by Ethisphere Institute and one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50. For more information, visit www.corporate.hasbro.com.

© 2022 Hasbro, Inc. All Rights Reserved.

About BULKHEAD

Formed by a group of mates in 2014, BULKHEAD is now a 120 person British based developer of PC & console shooter games. BULKHEAD is committed to putting the player first, and have already released Battalion 1944, The Turing Test and Killrun. They are developing TRANSFORMERS: REACTIVATE in collaboration with Splash Damage, as well as developing their own original IP.

Find out more: www.bulkhead.com

PR Newswire

American Axle & Manufacturing Achieves Exceptional Results Across Compliance, Standardization of Processes with Parsable

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New features of Connected Worker® platform enable better, faster decision making and protect users personal information

SAN FRANCISCO, Dec. 8, 2022 /PRNewswire/ — Parsable, provider of the Connected Worker® platform for frontline manufacturing and industrial work, today announced new features to its platform to enable all levels of industrial operations to make the best decisions, faster, while protecting personally identifiable information (PII) of each worker.

Industrial companies like American Axle & Manufacturing (AAM) use Parsable’s platform to capture data from frontline workers as they complete routine activities on smartphones and tablets. Just one insight can translate into millions of dollars in productivity gains. Fortune 500 clients are using Parsable worldwide in more than 800 sites across 86 countries, achieving incredible results like reducing defects by 75% and increasing overall equipment effectiveness (OEE) by 6%, in just months with no need for IT support.

Parsable continues to deliver industrial companies with innovative features that unlock valuable data and actionable insights related to frontline operations. Key features announced today as part of the Parsable Connected Worker platform include:

  • Conditional logic – This new capability enables workers to respond dynamically to reported conditions from within the Parsable mobile app. Template authors use if/then logic statements to specify conditions that will reveal data inputs or reveal next steps to be taken. For frontline workers, a template will adapt dynamically to the information logged at each step of a process. As a result, equipment operators are able to make the best decisions quickly when faced with changing conditions.
  • Historical values – Parsable provides a simple, seamless way for frontline workers to review data, spot trends and take action, all within a single application. Historical values provide frontline workers access to previous results for specific inputs as determined by template authors. With this newly surfaced data and their own expertise, frontline workers can take action preemptively. By empowering frontline workers to perform self-guided, in-the-moment trend analysis, operations can take preventive action and make decisions faster.
  • PII Tagging – To remain in compliance with regulations, industrial operators must ensure the PII of individual workers is protected. Template authors can use a PII toggle to flag input fields that capture PII. This new metadata field makes it easier to find, manage and, when required, purge PII.

“Parsable has changed the game for digitization across manufacturing and these new capabilities within the platform are enabling industrial companies to achieve even greater insight into frontline operations, in a way that maintains the protection of PII, and allows for manufacturing leaders to make quick decisions that turn into real results,” said Matt Belkin, Parsable.

Helping AAM to Make Informed Decisions, Faster

AAM is the largest supplier of automotive driveline assemblies (axles) in the world, with 25,000 employees and 85 plants globally. The company requires every operator on the line and their supervisors to review job instructions on a quarterly basis. Previously, this was completed through Excel spreadsheets, but there were gaps that ultimately prevented many different sites from fully completing the audit on time.

Through its work with Parsable, AAM is able to reach all applicable associates and supervisors across their facilities worldwide in over 10 different languages, empowering them with the appropriate data to quickly make decisions. AAM has unlocked new visibility into frontline workflows and processes through the activity data captured in the Parsable platform, which has enabled each plant to achieve full compliance of their required quarterly job instruction review on time.

“We use Parsable to collect and quickly access new data on frontline operations. This has helped us to reach new levels of data visualization and compliance to standard processes,” said John Klein, business systems leader, American Axle & Manufacturing. “Our supervisors and operators were able to quickly learn how to utilize Parsable and complete required audits. Our management team uses custom dashboards powered by Parsable data to monitor critical activities where Parsable is deployed.”

Conditional logic, historical values and PII tagging functionality is now available to all Parsable customers. For more information on Parsable, visit https://parsable.com/.

About Parsable

Parsable (www.parsable.com) helps leaders at the world’s largest industrial companies unlock the big data and insights needed to improve their frontline operations and build a more sustainable future. Leading manufacturers rely on Parsable’s Connected Worker® platform every day to track millions of data points from their frontline operations, and leverage unprecedented visibility to optimize productivity and drive ROI. Parsable is headquartered in San Francisco with presence throughout North America and Europe. Follow the company on LinkedIn, Twitter (@ParsableHQ) and the Parsable blog.

Press Contact:
SHIFT Communications for Parsable
parsable@shiftcomm.com 

PR Newswire

Microland Recognized as a Leader for the Third Consecutive Year in the 2022 Gartner® Magic Quadrant™ for Managed Network Services

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BENGALURU, India, LONDON and SAN JOSE, Calif., Dec. 8, 2022 /PRNewswire/ — For the third consecutive year, Microland has been named as a Leader in the 2022 Gartner® Magic Quadrant™ for Managed Network Services. Microland has been recognized for its Ability to Execute and Completeness of Vision in this space.

Microland Recognized as a Leader for the Third Consecutive Year in the 2022 Gartner® Magic Quadrant™ for Managed Network Services
Microland Recognized as a Leader for the Third Consecutive Year in the 2022 Gartner® Magic Quadrant™ for Managed Network Services

In the post-Covid world, Microland has enhanced its approach to network transformation and management by shifting its focus to User Experience and User Productivity. The new user-centric network management methodology optimizes productivity, experience, and security through a persona-based access policy, on-demand business application-specific prioritization, and enhanced operations by leveraging Automation, AIOps, and Analytics. We believe that our redefined focus and innovations to enrich User Experience through intelligent network operations have led to increased customer satisfaction and have resulted in us being positioned as a Leader in the Gartner® Magic Quadrant™ for Managed Network Services.

Our solution suite called Microland Intelligent Network Experience (m.i.n.e.) provides wing-to-wing network services from consulting and assessment to transformation services as well as managed services. The m.i.n.e. suite of solutions covers key next-gen networking technologies including SD-LAN, SD-WAN, SASE, OT Networking, SDN for Datacenters, Cloud Networking, and Private 5G. The m.i.n.e. suite is supported by a one-of-a-kind unique platform, called Network Assurance Platform (NAP), our in-house developed transformation accelerator and operations excellence platform.

Robert Wysocki, Senior Vice President and Global Client Solutions Leader – Networks & Cybersecurity at Microland said “We are extremely thrilled to be positioned as Leaders in the 2022 Gartner® Magic Quadrant™ for Managed Network Services for a third consecutive time. We believe this recognition serves as an acknowledgment of our continued commitment towards an innovative approach to move away from infrastructure-based Network Management to User-Centric Network Management and this recognition by Gartner re-confirms the faith our clients have in us due to our relentless focus on innovation, optimization, and ability to drive efficiencies.”

To know more about the recognition, please visit: https://www.microland.com/analyst-insights/leader-gartner-magic-quadrant-for-managed-network-services-2022

Gartner Disclaimer

GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Microland

Microland’s commitment to “Making Digital Happen” allows technology to do more and intrude less. We make it easier for enterprises to transition to nextGen digital infrastructure through our extensive service portfolio including Cloud and Data centers, Networks, Digital Workplace, Cybersecurity, and Industrial IoT. We ensure that the embrace of digital services is predictable, reliable, and stable.

Microland is making digital happen for enterprises with a laser focus on services that are more relevant to our clients and prospects than ever before, guaranteeing business outcomes. Incorporated in 1989 and headquartered in Bengaluru, India, Microland has more than 4,500 digital specialists across offices and delivery centers in Asia, Australia, Europe, the Middle East, and North America.

Read more here: https://www.microland.com/

Media Contact: madhur.dubey@microland.com

PR Newswire

Daejeon Metropolitan City in Korea successfully held an virtual IR event with the inspiring local manufacturers and US VCs

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DAEJEON, South Korea, Dec. 7, 2022 /PRNewswire/ — Daejeon Metropolitan City and Business and Employment Agency of Daejeon in Korea successfully held an virtual IR event with the inspiring local manufacturers in Daejeon and US VCs.

This virtual IR event is an annually program with the purpose of revitalizing the local manufacturers and encouraging global investment relationship. Within this project, 14 local manufacturers in Daejeon are incubated with diverse aids: producing promotional materials, training IR skills, consulting business model, etc.

This year, Daejeon Metropolitan City has selected 14 selective local manufacturers in Daejeon to be in this virtual IR event. All of them are offering significantly promising solutions: MOTH with the carbon composite propeller, Hexa-Check with the wearable 6-channel ECG, UNIVR with VR home training service and especially newest products from FILOS, JCORE, SECOND GROUND, WOORIN Korea, Big Pictures, East Photonics, Airapha, DD Global, MEDICOS Biotech and TnF.AI.

Daejeon Metropolitan City will hold overseas in-person event in the future with deeper incubation for startups and also improvement in their supporting system by connecting and cooperating with global market as their new strategy.

Cision View original content:https://www.prnewswire.com/news-releases/daejeon-metropolitan-city-in-korea-successfully-held-an-virtual-ir-event-with-the-inspiring-local-manufacturers-and-us-vcs-301696864.html

PR Newswire

Affinidi and FilPass Sign MOU to Mitigate Risk of Fraudulent Identification Claims in the Philippines

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SINGAPORE, Dec. 7, 2022 /PRNewswire/ — Affinidi, a decentralised identity solutions provider founded by global investment company Temasek, today announced the signing of a Memorandum of Understanding (“MOU“) with Filipino company FilPass to jointly establish and issue verifiable credentials (“VCs“) in the Philippines.

Varsha Jagdale, General Manager of Financial Services in Affinidi (left) and Ryan Soh, Founder and Chief Executive of FilPass (right) sign MOU to mitigate risk of fraudulent identification claims in the Philippines
Varsha Jagdale, General Manager of Financial Services in Affinidi (left) and Ryan Soh, Founder and Chief Executive of FilPass (right) sign MOU to mitigate risk of fraudulent identification claims in the Philippines

This collaboration aims to make it easier for individuals to transact with businesses online by leveraging cryptography and decentralised technologies to issue, verify, and authenticate identities and credentials.

Under the MOU, Affinidi will provide its expertise in digital credentialing through its mobile app and digital wallet Ceal, where users will be able to promptly receive their VCs and store them securely on their mobile phones. Users can also build and manage their digital identity on the Ceal platform and control what information they would like to share with others and when to share it. Likewise, FilPass will bring its capabilities in issuing and verifying credentials and fraud detection through blockchain, enabling faster and safer online transactions.

The MOU was inked against the backdrop of the pandemic normalising exchange of information digitally. According to a study conducted by ResumeLab, an alarming 93% of people know someone who has lied on their resumes.

The collaboration between FilPass and Affinidi enables organisations to access and verify credentials of their job applicants easily. As VCs can be verified digitally, as opposed to manually checking hard copy documents and certificates, this reduces the need for companies to contact users to verify individual credentials.  

Users are given control over their VCs and digital identity, including the ability to choose what, when, and with whom they share their VCs. Once they have claimed their VCs on their Affinidi’s proprietary Ceal Wallet, users can then access its services marketplace by using their VCs to apply for jobs and more.

“This is an important collaboration empowering the entire talent acquisition ecosystem,” said Varsha Jagdale, General Manager of Financial Services in Affinidi. “Verifiable credentials enable employers to trust the information shared by applicants, while reducing the time and cost for verification. Candidate experience is tremendously improved as they get autonomy and do not have to gather information from different sources and share that with employers. We are excited to begin this journey with FilPass to bring disruptive innovation to the Philippines workforce.”

“This collaboration with Affinidi is timely as FilPass gains its momentum onboarding clients from both private and public sectors in the Philippines. With the recovering economy, more jobs will be available locally and abroad which allows FilPass end users to apply for them via Ceal,” said Ryan Soh, Founder and Chief Executive of FilPass. “FilPass is also preparing to close our Pre-Series A funding round as we accelerate our growth locally and gear up for regional expansion.”

About Affinidi

Affinidi is a core technology company that enables the creation, sharing, and verification of digital credentials that are portable and verifiable. Affinidi’s solutions empower trusted institutions to issue verifiable credentials to users, who can provide consent to share their credentials with other institutions, applications, or service providers, for verification. By sharing these verifiable data credentials, users can access valuable products and services across platforms and geographies in a trusted, open and interoperable manner.

About FilPass

FilPass is a digital identity that allows people and companies to operate with agencies online in a secure manner. Designed to be mobile-friendly, FilPass is equipped with security capabilities such as 2-stage verification (also known as 2FA) for digital transactions involving sensitive data. With 2FA, users will need to enter their FilPass ID and password, followed by entering a passcode in-app notification to allow access. This serves as an additional layer of security.

PR Newswire

43rd Honda Prize Awarded to Dr. Hidetoshi Katori for His Invention: Optical Lattice Clock That Loses Only 1 Second Per 30 Billion Years

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TOKYO, Dec. 6, 2022 /PRNewswire/ — The Honda Foundation in Tokyo held the 43rd Honda Prize Award Ceremony on November 17, 2022, where it awarded this year’s prize to Dr. Hidetoshi Katori, Professor, Graduate School of Engineering, The University of Tokyo (Chief Scientist and Team Leader, RIKEN).

Photo: https://kyodonewsprwire.jp/prwfile/release/M106338/202211290547/_prw_PI1fl_P9kwW68A.jpg

Hiroto Ishida, President of the Honda Foundation, commented, “Precise time measurement is becoming increasingly important in modern society. Dr. Katori’s invention, the optical lattice clock, is able to measure height differences of 1 cm using the relativistic effect that time moves more slowly where gravity is lower. We can anticipate that this will be important for disaster management, such as detecting volcanic magma rises, and pioneering new measurement technologies and research fields. In the spirit of the Honda Prize, Dr. Katori’s accomplishment is truly remarkable.”

Kazuko Matsumoto of the Honda Prize Selection Committee explained the selection process: “We asked 300 nominators from around the world and chose the winners from 27 groups of candidates from 11 countries. For selection, we considered not only the candidates’ goals and accomplishments but also how their inventions can improve people’s lives. Dr. Katori invented the optical lattice clock in 2001, which uses atoms trapped in an optical lattice to create an ultra-precise time standard. In contrast to the current international atomic time standard, cesium atomic clocks, which are accurate to about 15 digits, this new method can measure time to 18 digits. Dr. Katori was chosen for this award in recognition that the limitless possibilities of the technology fit with the idea behind the Honda Prize.”

Dr. Katori stated, “I am honored to receive the Honda Prize. I would like to thank both the Honda Foundation and selection committee. After decades of research, it has become important for me to leave behind results that will benefit mankind and society. While the research began out of curiosity, as it developed, I hoped to share it with society. I am thankful to have found a research field that has inspired me for so many years.”

He added, “I would like to make a smaller clock that measures in millimeters with 19-digit accuracy in 1,000 seconds. Along with downsizing and networking the clock, I have begun talking with geophysicists about targets for predicting volcanic eruptions and earthquakes. Time measurement technology can be improved indefinitely, and these advancements will drive social change. Last year, I was asked to write the final chapter of a high school physics textbook. I imagine those students are now in university or working, where they are discovering real-world applications. I think it is time to pass the baton to the next generation of brilliant minds.”

Dr. Katori’s research on the optical lattice clock: https://kyodonewsprwire.jp/attach/202211290547-O1-q1Q8Fm8A.pdf

Dr. Hidetoshi Katori: https://kyodonewsprwire.jp/attach/202211290547-O2-696lCIe2.pdf

Official website: https://www.hondafoundation.jp/en

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