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PR Newswire
Microland’s IIoT Prowess Gains PTC’s Global System Integrator Status

BENGALURU, India and LONDON and ATLANTA, June 9, 2020 /PRNewswire/ — Microland today announced its inclusion in PTC Inc’s elite list of Global System Integrators and Management Consultants, an ecosystem of digital transformation experts and industrial innovation thought leaders. This recognition is a validation of Microland’s resolute focus on cross-industry digital transformation.

"Microland’s strategic relationship with PTC has enabled us to accelerate the Industry 4.0 digital transformation journey of our clients. Leveraging PTC’s ThingWorx® platform, we have built smart, connected, and integrated Industrial IoT solutions for several of our clients. Our IT-OT integration expertise, along with PTC’s industrial automation suite, power our Industrial IoT solutions to drive higher efficiencies, increase productivity, enhance experiences and reduce operational risks," says Manjanath Nayak, Senior Vice President – Head of Global Industrial IoT Business, Microland.

Microland’s IIoT business has enabled several enterprises to pursue an accelerated path to realise industrial process transformation. Microland’s offerings under the IIoT service line include: 3-Step Accelerator (PoC led solutions), Integrated Smart Factory, Industrial Monitoring, Connected Enterprises and Managed Services.   

Microland has been working with PTC since 2017. Over the last three years the PTC-Microland collaboration has seen significant momentum with several jointly developed solutions deployed across multiple customer engagements. 

"Microland has demonstrated innovative thinking in solution development around our platform and have been proven in the most challenging of client engagements," says Rajkiran Chakkalongara, Senior Director & Head, IOT/AR Business, PTC, India.

Microland’s industrial and software engineers, working alongside solution consultants, deliver ambitious IIoT system thinking and innovation, using analytics and artificial intelligence to drive predictable operations and unlock new opportunities. The focus is to enable enterprises to solve complex industrial challenges through IIoT system thinking and rapid prototyping to achieve a steady stream of quick wins with minimum investment.

Ravi Asrani, SVP, Global System Integrators & Management Consulting, PTC added, "PTC values Microland’s system integration capability across industry sectors and its ability to deliver high-value business outcomes. Together, we can address the transformation promises that IIoT presents for the world."

The success of this partnership spans multiple geographies and industry verticals — one example being a successful implementation of smart manufacturing for TRL Krosaki Refractories, one of the largest refractory manufacturers in India.

Kumar Heramba Narayan Naik, CIO, TRL Krosaki, said, "We have embarked upon a program of modernising our manufacturing facilities leveraging Industrial IoT solutions with a primary objective of improving refractory brick quality.

Microland has been instrumental in the success of this modernization program. With an outcome driven approach, Microland helped us develop the business case and demonstrated strong system integration expertise across IT, OT and Analytics. They led the program of implementing PTC ThingWorx® resulting in real time operational visibility, digital workflows and asset performance tracking resulting in quicker decision making, reduced breakdowns and efficient workforce."

About Microland

Microland’s delivery of digital and "Making Digital Happen" allows technology to do more and intrude less. We make it easier for enterprises to adopt nextGen Digital infrastructure. We enable this using our expertise in Cloud and Data Centers, Networks, Digital Workplace, Cybersecurity and Industrial IoT–ensuring the embrace of brilliance is predictable, reliable, and stable.

In the COVID impacted world, 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:

  • Modern Workplace Services: Enabling working-from-home via VDI, desktop-as-a-service, unified end point management and collaboration tools roll-out & adoption
  • Network Services: Supporting the "new normal" of working by designing, deploying and scaling network infrastructure including Software defined LAN & WAN rollouts
  • Cloud Services: Accelerating the digital transformation journey by enabling hybrid cloud deployment to support critical workloads and ensuring business continuity
  • Smart Security Operations Center: 24x 7 Operations center monitoring of all points along a digital journey ensuring that clients are covered in their pursuit to support a world in transition
  • Industrial Safety Services: Establishing robust connectivity channels with remote production assets and environmental parameters to improve safety of operations and reduce risks and exposure

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, Middle East and North America.

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

ThingWorx is a registered trademark of PTC Inc. in the United States and other countries.

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Related Links :

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PR Newswire
Blackbaud Customers Around the World Rely on Technology to Support COVID-19 Research and Innovation

Higher education and healthcare institutions turn to Blackbaud solutions to power fundraisers for COVID-19 vaccines, lifesaving equipment

CHARLESTON, South Carolina, June 9, 2020 /PRNewswire/ — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, is supporting key higher education and healthcare institutions around the world with the technology needed to effectively fundraise for COVID-19 research and essential equipment, including potential vaccine breakthroughs, low-cost ventilator production and methods to treat the virus and slow its spread.  

"Throughout the world, many of our customers are on the frontlines of COVID-19 relief and having the cloud software in place to support their missions has never been more critical," said Mike Gianoni, president and CEO, Blackbaud. "We have been continually amazed by our customers globally and their ingenuity during this time and are proud to support their efforts through reliable and highly effective technology."

Fundraising for COVID-19 Vaccine Research in Australia

Blackbaud recently helped the University of Queensland (UQ) in Brisbane, Australia launch a peer-to-peer fundraising campaign for COVID-19 vaccine research. Blackbaud’s leading peer-to-peer fundraising solutions enable social good organisations to quickly create fundraising campaigns driving current and new supporters to share their passion for an organisation’s mission. UQ researchers need to raise $4.5 million in addition to the support they’ve received from the government and philanthropic partners, to help them develop a vaccine to end COVID-19.

"We are incredibly grateful for Blackbaud’s support in our efforts to facilitate philanthropic giving to accelerate COVID-19 vaccine development at The University of Queensland," said Jennifer Karlson, pro-vice-chancellor of advancement, University of Queensland. "The technology has been a critical gateway for the UQ community to give to this important cause."

Learn more about the approach the UQ COVID-19 vaccine researchers are taking to quickly develop and manufacture a vaccine for the world.  

Pushing Toward Bioscience Breakthroughs in Manhattan

Within a month, supporters of The Rockefeller University donated more than $16 million for COVID-19 research, a testament to their confidence in the abilities of Rockefeller’s scientists and the relationships the university has built through its advancement team, which relies daily on Blackbaud fundraising and relationship management solutions, including Blackbaud CRM™ and Blackbaud Internet Solutions™. Beyond the total, the speed of the donations has been critical in this moment of world crisis, when time is of the essence, and federal grant funding could take months to secure. 

The Manhattan-based university – a research-driven institution that has seen 25 of its scientists receive the Nobel Prize – closed campus early on in the crisis, except for critical operations laboratories, which currently include 20 labs doing COVID-19 research. The labs are not only collaborating with each other but also across the scientific community, and in some cases internationally, to advance ideas to slow the momentum of the pandemic and identify new therapies. 

At the same time, Rockefeller’s advancement team members have used Blackbaud cloud-based solutions as they’ve worked remotely to educate their donor network on the university’s COVID-19 research and related needs. This falls in line with the informative way the university seeks to introduce new friends – providing lectures, seminars and community events to build an appreciation of their scientists’ work and the greater institution. While recent events have been canceled, postponed or shifted to virtual gatherings because of the pandemic, supporters have been encouraged to direct their table and ticket purchases to research, and to consider making an additional gift to support COVID-19 research, as well.

Learn more about Rockefeller’s fundraising success in the wake of COVID-19 and donation opportunities.

The Race to Create Lifesaving Ventilators in Canada  

In March, Blackbaud customer, the Montreal General Hospital Foundation and the Research Institute of the McGill University Health Center announced the Code Life Ventilator Challenge, a two-week sprint among engineering and scientific communities to gather the best ideas from around the world to design low-cost and easy to produce emergency ventilators. The challenge received hundreds of submissions from 94 different countries. Nine concepts were selected for an intensive round of testing and three finalists have emerged. The three finalists will receive $200,000, $100,000 and $50,000 CAD in compensation for their design and for sharing it with the world in the fight against COVID-19. Montreal General Hospital Foundation relied on Blackbaud Raiser’s Edge NXT® to power the fundraising component that has made this challenge possible. Montreal General Hospital Foundation is currently preparing a second challenge specifically to expedite refinement, cost-reduction and regulatory compliance of the final designs.

Stay up to date on the Code Life Ventilator Challenge by following updates here.     

To learn more about how Blackbaud is supporting its global customers during COVID-19, visit Blackbaud.com/COVID-19-resources.

About Blackbaud

Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organisations, faith communities, arts and cultural organisations, foundations, companies and individual change agents—Blackbaud connects and empowers organisations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina, and has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom. For more information, visit  www.blackbaud.com or follow us on Twitter, LinkedIn, Instagram and Facebook.

Media Inquiries 
[email protected]

Forward-looking Statements

Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

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PR Newswire
Bitsensing, Radar technology startup raises $5.8mn Pre-Series A

SEOUL, South Korea, June 9, 2020 /PRNewswire/ — Bitsensing, a South Korean radar technology startup, has raised $5.8 million in a Pre-Series A round of funding, despite the COVID-19 impact on financial markets. This round was led by LB Investment, a leading venture capital in South Korea, and Mando Corporation, a South Korean global Tier 1 automotive supplier, participated as a strategic investor. Hansae, SB Partners also participated along with Future Play and SJ Investment Partners from a previous round.

The bitsensing team (Picture credits: bitsensing Inc.)
The bitsensing team (Picture credits: bitsensing Inc.)

Bitsensing is developing innovative radar-based sensing technology that is reliable, compact, multifunctional, and affordable to design safer everyday life, that can be available for everyone. Bitsensing’s radar sensors not only detect targets but also can track and map what is happening in any environmental setting in real-time without creating privacy issues or compromising performance in harsh weather.

Bitsensing’s radar sensors can be used in various industries, such as automotive, smart home, robotics and for autonomous driving.

"I believe receiving strategic investment from Mando Corp., a global Tier 1 automotive manufacturer, means that our technology has been recognized in the autonomous vehicle market. It will help us grow much faster" said Jae-eun Lee, CEO of bitsensing.

"Bitsensing is the best radar technology team in Korea with automotive radar development and mass production experience which makes them different. We believe their radar technology can be used not only in mobility industry but in other applications, creating a new market," said Jason Koo, Senior Managing Director of LB Investment (Formerly known as LG Venture lnvestment).

"Bitsensing’s radar and camera sensor fusion technology will change how radar has been traditionally used. We decided to invest because we believe we can create demands from various industries such as Smart city, Smart home, Mobile robots, Future mobility or Digital healthcare," said Yoon-ki Kim, Director, Head of Start-up Investment of Mando Corporation, Strategic Investor.

The company will use the funds to further enhance their technology, expand its offerings in key industries and grow their global presence and enhance global partnership. Bitsensing recently joined NVIDIA Inception program, Infineon Partnership, Plug and Play Japan for Mobility, Plug and Play Thailand for Smart cities.

Bitsensing had previously raised $1.2 million in seed rounds, and with the $5.8 million Pre-Series A, the total equity financing has amounted to $7 million.

About bitsensing

Bitsensing is a leading radar technology startup focused on brining safer everyday life that is available for everyone. Bitsensing was co-founded in 2018 by the core members of a Radar team at Mando Corp. including Dr. Jae-eun Lee, CEO. Bitsensing designs and develops the entire process of radar technology from signal processing to RF circuit and antenna design.

Website: www.bitsensing.com

Related Links :

http://www.bitsensing.com

http://www.bitsensing.com

PR Newswire
Aqara Releases Water Leak Sensor on Amazon

NEW YORK, June 9, 2020 /PRNewswire/ — After Aqara‘s successful release of its Smart Wall Switches and Aqara Cube, they are now releasing the Aqara Water Leak Sensor on Amazon.com.

Aqara Water Leak Sensor
Aqara Water Leak Sensor

Water leak sensors are making it easy for people to check for water leaks from anywhere 24/7. The sensors help to prevent unnecessary damage and potential home disasters by catching a leak early. The Aqara Water Leak Sensor is a great choice if users are looking for reliability. It is small, discreet, and can fit anywhere. It has a very appealing design, and it comes at a competitive price.

The Aqara Water Leak Sensor can detect flooding, while also monitoring the status of any water leaks. When the water level of the detection site is higher than 0.5mm, the sensor will sound, and the mobile phone app will receive a notification to remind the user to take appropriate action. The alarm will stop once the water level becomes normal. The Aqara Water Leak Sensor can also work with other smart accessories to automate homes.

The Aqara Water Leak Sensor meets IP67 dustproof and waterproof rating. It is guaranteed to work in humid and dusty environments. It is designed to fit anywhere and can be placed according to your needs, guarding your home with its elegant design. The sensor works with other HomeKit-enabled accessories in the Apple Home app to make your life easier and more convenient. The Aqara Water Leak Sensor uses a CR2032 battery and will last up to 2 years under normal circumstances. The Aqara Water Leak Sensor is a Zigbee device, and the Aqara hub is needed to make the sensor work.

To celebrate the launch of the Water Leak Sensor being available on Amazon.com, Aqara has prepared a 25% discount on the newly-released products for a limited time with the use of the code: AQARAPRS. Click here to shop.

PR Newswire
Karma Automotive Names New Chief Strategy Officer To Drive Corporate Growth

– Greg Tarr will lead strategy, corporate development, business development, product planning and new ventures

IRVINE, California, June 8, 2020 /PRNewswire/ — Greg Tarr has joined Karma Automotive as Chief Strategy Officer (CSO). 

Greg Tarr, Chief Strategy Officer, Karma Automotive
Greg Tarr, Chief Strategy Officer, Karma Automotive

As CSO, Tarr will report directly to Karma CEO Dr Lance Zhou, providing valuable insight and leadership for Karma’s business model, strategic innovation and future product portfolio. As Karma Automotive develops future vehicle programs across Electric Luxury Cars, Supercars, Commercial Vehicles and Technology Platforms, Tarr’s strategic guidance will strengthen the company’s growing global presence and product development. A new range of battery electric vehicles (BEV) starting with the all-electric Karma Revero GTE launches in Spring 2021.

"As Karma moves beyond the traditional automotive business model, we continue to seek a diverse range of talent who exhibit the disruptive strategies and entrepreneurial mindset adopted in tech hubs such as Silicon Valley," says Dr. Lance Zhou, CEO, Karma Automotive. "Greg’s leadership experience in Silicon Valley automotive and mobility startups, global network, venture capital and Toyota background will be a valuable asset to Karma’s executive team."  

"Karma is reinventing the luxury electric category with innovation. Karma products intersect new mobility innovation, iconic/exclusive design and bespoke craftsmanship which converge to create the next generation of luxury electric cars, supercars and SUVs," says Tarr. "Karma will leverage its vast intellectual property portfolio and Southern California manufacturing facility, KICC, to partner with large OEMs and cutting edge startups to deliver the future of mobility for an enhanced customer experience."

Greg’s past leadership roles include: Corporate Venture Capital: Vodafone China,  Singtel’s Globe Telecom, Axiata Group and Rogers Communications, Startups: Glympse- Board of Directors/CSO, Automatic Labs- CSO (M+A- Sirius XM) , Networks in Motion- VP Asia (M+A- TCS), Jibe- Board of Directors (M+A- Google), RX Networks- Board of Directors (M+A- Bluestar China), Kodiak Networks VP Asia (M+A- Motorola), Admobius- Seed Investor/Founding Member-Board of Directors (M+A- Lotame), Shanghai Linktone (Nasdaq), SmartPay China (M+A- Ping An insurance),  Deutsche Bank- Head of Asian Technology Equity Research, Toyota’s USA HQ Technical Customer Service.

Greg has lived globally over a decade in Greater China, Japan, Korea, Vietnam, Singapore, Sweden, Canada and is originally from New York City.

About Karma 

Southern California-based Karma is more than just a car company. Although we are best known as a creator of soul-stirring luxury electric vehicles, Karma produces commercial vehicles and automotive technology platforms. Founded in 2014, Karma is reinventing the traditional retail-based automotive business model by opening its engineering, design, customization and manufacturing resources to other companies looking to speed product development, access new technology, or make their products more luxurious. The Revero GT, Green Car Journal’s 2020 Luxury Green Car of the Year™ is a luxury electric vehicle powered by dual electric motors that embodies Karma’s goals of offering leading automotive design, technology, customization and an outstanding customer experience. Our retail partners in North America are now delivering the Revero GT to retail customers and will begin offering a performance version, the Revero GTS, later in 2020. Every Revero is created with great individual care and world-class craftsmanship at the Karma Innovation and Customization Center in Moreno Valley, Calif. For more information, visit www.karmaautomotive.com, or www.karmanewsroom.com.

 

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Related Links :

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http://www.karmaautomotive.com

PR Newswire
ChipMOS REPORTS MAY 2020 REVENUE

HSINCHU, June 8, 2020 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of May 2020. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.01 to US$1.00 as of May 29, 2020.

Revenue for the month of May 2020 was NT$1,789.3 million or US$59.6 million. This represents an increase of 4.7% as compared to May 2019 and a decrease of 3.5% from April 2020. The Company noted that it maintained stable utilization, with healthy memory demand, including DRAM and NOR flash, offset by TV and smartphone related DDIC demand softness.

Consolidated Monthly Revenues (Unaudited)

May 2020

April 2020

May 2019

MoM Change

YoY Change

Revenues

(NT$ million)

1,789.3

1,854.3

1,709.1

-3.5%

4.7%

Revenues

(US$ million)

59.6

61.8

57.0

-3.5%

4.7%

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. 

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors, including the potential impact of COVID-19.  Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange commission (the "SEC") and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

[email protected]

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

[email protected]

 

Related Links :

https://www.chipmos.com

PR Newswire
Absen Scoops 2020 Red Dot Award for New Champion Rental Staging LED Series

SHENZHEN, China, June 8, 2020 /PRNewswire/ — Leading global LED manufacturer Absen (SZSE:300389) is proud to announce they have won the coveted Red Dot Product Design award for their latest rental staging LED solution, the Venus (VN) series.

Red Dot winner 2020 - Absen Venus Series
Red Dot winner 2020 – Absen Venus Series

The Red Dot Design Award is one of the most sought-after international seals of quality for good design. Established in 1955, the Product Design award is presented to the best products created each year, as decided by a jury of 40 international experts on product innovation.

Winners of the award are judged on a range of elements, including innovation, functionality, quality, and ecological compatibility. Commenting on the winning VN Series, the Red Dot Award’s jury praised "a particularly high flexibility and durability which makes the Venus series universally applicable in various usage scenarios."

"We’re delighted to have been presented a Red Dot award for Product Design," said Amy Tang, VP of product at Absen. "The VN Series was designed with users in the field in mind every step of the way. Not only does the product deliver a visually stunning performance, it is radically different to what is currently available on the market and will see customers save on weight and cost, without compromising on the performance of the product".

The Venus series is an innovative LED display specifically designed for concerts and festivals due to its ability to create super-sized screens at speed. The product features a highly unique integrated ‘module-on-frame’ design, which has removed the need for a sub-frame and is 27% lighter than competing solutions, allowing creative teams to cut back on weight, save cost and build even bigger LED walls than before – up to 20 metres in height.

The series has been designed with the crew’s safety and convenience in mind. With its carbon fibre pipes with anti-slip coatings to ensure safety of climbers, and additional safety hooks so riggers can secure themselves at every step of the building process, as well as the ability to withstand gale force winds of up to level 8, the VN series is one of the safest rental staging LED solutions on the market.

The VN Series is available in two standard sizes: 1,500mm(W) x 1,000mm(H) and 500mm x 1,000mm, in order to allow for fully customised options. It is available in 3.9mm, 4.8mm and 8.3mm pixel pitch versions, boasting up to 5000nits brightness and black face LED. The VN Series also allows for concave and convex curving options for highly creative videowall designs; with horizontal free-adjustable variances of -10 to +10 degrees, allowing fixed positioning at -10°, -5°, 0°, +5° and +10°.

About Absen:

Absen is a leading global LED display manufacturer offering professional indoor, outdoor, fixed and rental LED products and solutions. As the largest Chinese LED exporter for eleven consecutive years, Absen is present in over 120 countries and regions and has been instrumental to over 30,000 successful projects worldwide to date.

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PR Newswire
Real Time Engagement API Provider Agora Announces Filing for IPO under the ticker symbol “API”

SANTA CLARA, Calif., June 8, 2020 /PRNewswire/ — Agora, Inc. today announced that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock.  

Per the F-1 filing, Agora maintains dual headquarters in Shanghai, China and Santa Clara, California, as well as presence in other countries.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. Agora has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "API".  Morgan Stanley and BofA Securities are acting as the lead bookrunning managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus is publicly available on the EDGAR website.

A registration statement relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Agora

Agora is the leading video, voice and live interactive streaming platform. Our mission is to make real-time engagement ubiquitous, allowing everyone to interact with anyone, anytime and anywhere. Our video, voice and live interactive video SDKs help developers deliver rich in-app experience—including embedded voice and video chat, real-time recording, interactive live streaming, and real-time messaging—for users across gaming, social, education, entertainment, and enterprise apps.  

Find out more at www.agora.io.

Media Contact:                                   
Meghan Gardner
[email protected]
971-246-7896

Suzanne Nguyen
[email protected]
408-879-5885

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Related Links :

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PR Newswire
NetEase Announces Pricing of Global Offering

HANGZHOU, China, June 7, 2020 /PRNewswire/ — NetEase, Inc. (NASDAQ: NTES) ("NetEase" or "the Company") today announced the pricing of the Global Offering of 171,480,000 new ordinary shares (the "Offer Shares" or "Shares") which comprises an International Offering and a Hong Kong Public Offering. The final offer price for both the International Offering and the Hong Kong Public Offering (the "Offer Price") has been set at HK$123 per Share. Based on the ratio of 25 ordinary shares per Nasdaq-listed American depositary share ("ADS"), the Offer Price translates to approximately US$397 per ADS. The Company has set the abovementioned offer price by taking into consideration, among other factors, the closing price of the ADSs on June 4, 2020 (the latest trading day before pricing). Subject to approval from The Stock Exchange of Hong Kong Limited (the "SEHK"), the Shares are expected to begin trading on the Main Board of the SEHK on June 11, 2020 under the stock code "9999." The Global Offering is expected to close on the same day, subject to customary closing conditions.

The gross proceeds to the Company from the Global Offering, before deducting underwriting fees and the offering expenses, are expected to be approximately HK$21,092 million. In addition, the Company has granted the international underwriters an over-allotment option, exercisable from June 5, 2020 until 30 days thereafter, to require the Company to issue up to an additional 25,722,000 new Shares at the Offer Price.

The Company plans to use the net proceeds from the Offering for globalization strategies and opportunities, fueling continued pursuit of innovation, and general corporate purposes.

CICC, Credit Suisse and J.P. Morgan (in alphabetical order) are the joint sponsors and joint global coordinators for the proposed Offering.

The International Offering is being made only by means of a prospectus supplement and the accompanying prospectus included in an automatic shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (the "SEC") on May 29, 2020, which automatically became effective upon filing. The registration statement on Form F-3 and the preliminary prospectus supplement dated June 1, 2010 are available at the SEC website at: http://www.sec.gov. The final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at: http://www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from China International Capital Corporation Hong Kong Securities Limited, Email: [email protected], Credit Suisse (Hong Kong) Limited, Email: [email protected], or J.P. Morgan Securities (Asia Pacific) Limited, Email: [email protected].  

This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. This press release does not constitute a prospectus (including as defined under the laws of Hong Kong) and potential investors should read the prospectus of the Company for detailed information about the Company and the proposed offering, before deciding whether or not to invest in the Company. This press release has not been reviewed or approved by the SEHK or the Securities and Futures Commission of Hong Kong.

The price of the Shares of the Company may be stabilized in accordance with the Securities and Futures (Price Stabilization) Rules. The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) have been contained in the prospectus of the Company dated June 2, 2020.

About NetEase, Inc.

As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES) is dedicated to providing premium online services centered around innovative and diverse content, community, communication and commerce. NetEase develops and operates some of China’s most popular mobile and PC-client games. In more recent years, NetEase has expanded into international markets including Japan and North America. In addition to its self-developed game content, NetEase partners with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China. NetEase’s other innovative service offerings include the intelligent learning services of its majority-controlled subsidiary, Youdao (NYSE: DAO); music streaming through its leading NetEase Cloud Music business; and its private label e-commerce platform, Yanxuan. For more information, please visit: http://ir.netease.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under 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," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. Statements that are not historical facts, including statements about the offering and listing, the use of proceeds and the Company’s strategies and goals, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. There can be no guarantee that the offering and listing will be completed as planned, or that the expected benefits from the offering and listing will be achieved. You should consider the risk factors included in the registration statement (including any documents incorporated by reference), prospectus and prospectus supplements that have been or will be filed with the SEC and the prospectus registered in Hong Kong. All information provided in this press release is as of the date of this press release and are based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact for Investors:
Margaret Shi
NetEase, Inc.
[email protected]
Tel: (+86) 571-8985-3378

Brandi Piacente
Investor Relations
[email protected]
Tel: (+1) 212-481-2050

Contact for Media:
Li Ruohan
NetEase, Inc.
[email protected]
Tel: (+86) 571-8985-2668

Alby Wan
Hill+Knowlton Strategies Asia
[email protected]
Tel: (+852) 2894-6267

Related Links :

http://ir.netease.com/

PR Newswire
Euro Tech Holdings Company Limited Reports 2019 Year-End Results

HONG KONG, June 6, 2020 /PRNewswire/ — Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported financial results for the 12-month period ended December 31, 2019 ("Fiscal 2019").

The Company’s revenues for Fiscal 2019 were approximately US$17,399,000, an approximate 13.5% decrease compared to approximately US$20,104,000 in the Company’s fiscal year ended December 31, 2018 ("Fiscal 2018"). Revenues from trading and manufacturing activities, and engineering activities decreased by US$1,893,000 and US$812,000, respectively.

Gross profits increased by 19.4% to approximately US$4,417,000 for Fiscal 2019 as compared to approximately US$3,699,000 for Fiscal 2018. The increase was primarily due to the drop in contracts of low profit margin.

Selling and administrative expenses increased by 2.1% to approximately US$4,853,000 for Fiscal 2019 as compared to approximately US$4,751,000 for Fiscal 2018 as a result of general inflation.

Operating loss decreased by 41.5% to approximately US$440,000 for Fiscal 2019 as compared to approximately US$1,059,000 for Fiscal 2018. This was primarily due to the increase in gross profits.

The profit contribution from the affiliates was approximately US$137,000 for Fiscal 2019, as compared to negative contribution of approximately (US$932,000) for Fiscal 2018.  The result for Fiscal 2018 included a loss contribution from Zhejiang Tianlan Environmental Protection Technology Co. Ltd. ("Blue Sky") of approximately (US$786,000) principally caused by a decrease in sales revenue as a result of the filing for bankruptcy liquidation of one of Blue Sky’s major customers.

The Company had net loss of approximately US$146,000 in Fiscal 2019, as compared to net income of approximately US$88,000 in Fiscal 2018. This was primarily due to there was a non-recurrent net gain on disposal of an affiliate of approximately US$1,522,000 in Fiscal 2018.

The Company’s operating results in Fiscal 2019 was adversely affected by the economic slowdown in China and Hong Kong resulting from the China-US escalating trade war and technology tensions, and the ongoing social unrest in Hong Kong. The outbreak of coronavirus since December 2019 also has further material adverse impact on the Company’s business, operating results and financial condition in year 2020.

The Company is still positive about the future Ballast Water Treatment Systems ("BWTS") business from port services and commercial ships. The development of the ballast water port solution prototype is now completed and under system and operation tests in various ports. The port solution system is a system installed in port to offer ballast water treatment services for ocean going ships without their own BWTS and for those with damaged BWTS. The Company is now embarking on promotion activities for port solution systems in China and South East Asia. The International Maritime Organization ("IMO") convention stipulates that type approval for revised G8 requirements must be obtained for all BWTS installed on or after October 28, 2020. To comply with these requirements, the Company is going to start the land based test for our BWTS to obtain such type approval certification in China.

About Blue Sky

Zhejiang Tianlan Environmental Protection Technology Co. Ltd., ("Blue Sky"),  found in 2000, is a fast growing company which provides a comprehensive service for design, general contract, equipment manufacturing, installation, testing and operation management of the treatment of waste gases emitted from various boilers and industrial furnaces of power plants, steel works and chemical plants. It has listed its shares on the New Third Board in the People’s Republic of China ("PRC") since November 17, 2015. The New Third Board is a national over-the-counter market in the PRC regulated by China Securities Regulatory Commission, and managed by the National Equities Exchange and Quotations, which serves as a platform for the sale of existing shares or directed share placements for small and medium-sized enterprises.

About BWTS

BWTS are an imminent requirement by The International Maritime Organization ("IMO") to prevent the biological unbalance caused by the estimated 12 billion tons of ballast water transported across the seas by ocean-going vessels when their ballast water tanks are emptied or refilled. In 2012, ballast water discharge standard became a law in the US. Any vessel constructed in December 2013 or later will need to comply when entering US waters, and existing vessels will follow shortly after. IMO’s Ballast Water Management Convention entered into force for new-built vessels on September 8, 2017 after ratification by 52 States, representing 35.1441% of world merchant shipping tonnage. In July 2017, IMO decided that the phase-in period for ballast water system retrofits started on 8 September 2019. 

The company obtained type approval certificate from China’s Classification Society for its 200, 300, 500, 750, 1200 and 1250 Cubic Meters per hour BWTS and Alternate Management Systems (‘AMS") acceptance for its full range BWTS in 2016.

About AMS

AMS acceptance by the U.S. Coast Guard is a temporary designation given to BWTS approved by a foreign administration. It enables BWTS to be used on vessels for a period of up to 5 years, while the treatment system undergoes approval testing to U.S. Coast Guard standards.

Forward Looking Statements

Certain statements in this news release regarding the Company’s expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company’s offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company’s own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2019.

CONDENSED STATEMENTS OF OPERATIONS

(Dollar amounts in US$ thousands, except share and per share data)

Year Ended December 31,

2019

2018

Revenues

17,399

20,104

Net (Loss) / Income Attributable to the
    Company

(146)

88

Net (Loss) / Income Per Ordinary Share –
    Basic

$(0.06)

$0.04

 

Weighted Average Number of

    Ordinary Shares Outstanding –Basic

 

 

2,301,993

 

 

2,061,909

SELECTED BALANCE SHEET DATA

As of December 31,

2019

2018

Cash and Cash Equivalents

5,991

5,267

Total Current Assets

12,010

13,533

Total Assets

22,213

23,065

Total Current Liabilities

6,660

7,520

Total Liabilities

6,876

7,520

Total Euro Tech Shareholders’ Equity

14,459

14,589

 

 

Related Links :

http://www.euro-tech.com

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