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PR Newswire

Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the First Quarter of 2020

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TAIPEI, April 30, 2020 /PRNewswire/ — Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) (“Chunghwa” or “the Company”) today reported its un-audited operating results for the first quarter of 2020. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards (“T-IFRSs”) on a consolidated basis.

(Comparisons throughout the press release, unless otherwise stated, are made with regard to the prior year period.)

First Quarter 2020 Financial Highlights

  • Total revenue decreased by 6.2% to NT$ 48.15 billion.
  • Mobile communications revenue decreased by 7.9% to NT$ 22.54 billion.
  • Internet revenue remained flat at NT$ 7.51 billion.
  • Domestic fixed communications revenue decreased by 6.7% to NT$ 14.69 billion.
  • International fixed communications revenue decreased by 17.6% to NT$ 2.24 billion.
  • Total operating costs and expenses decreased by 8.1% to NT$ 37.62 billion.
  • Net income attributable to stockholders of the parent decreased by 0.4% to NT$ 8.32 billion.
  • Basic earnings per share (EPS) was NT$1.07.

Mr. Chi-Mau Shieh, Chairman and CEO of Chunghwa Telecom, stated, “With the coronavirus outbreak, we have experienced a challenging start to 2020. We entered this crisis in a position of strength, and we were able to remain our leading market position in Taiwan. Although the pandemic had a negative impact on our enterprise business and international roaming revenue during the quarter, it brought growth opportunities for our emerging businesses and IPTV/MOD services.”

“In the first quarter, both MOD subscriber numbers and revenue increased year over year. We continued to enrich our IPTV/MOD service by introducing more attractive content, and with more than 2.08 million subscribers as of March 31, 2020, remaining the largest video platform in Taiwan. In our broadband business, we continued to encourage our subscribers to migrate to higher-speed fiber plans, and as of the end of March, the number of subscribers signing up for a connection speed of 300Mbps or higher increased by 82.6% year over year, and we expect to maintain this growth in the future. Moreover, we were glad to see that our in-house developed services further drove the increase in streaming revenue in our ICT business.”

“As the COVID-19 pandemic continues worldwide, we are doing our utmost to protect the health and safety of our employees and customers. While continuing to monitor the fluid situation, we remain focused on our long-term growth strategy and leveraging our core strengths to maintain market leadership. We believe that, with our leading 5G spectrum resources, cutting-edge ICT technology, and strong market position, we will maintain our ability to deliver sustainable value for our shareholders.”

Revenue

Chunghwa Telecom’s total revenues for the first quarter of 2020 decreased by 6.2% to NT$ 48.15 billion.

Mobile communications revenue for the first quarter of 2020 decreased by 7.9% to NT$ 22.54 billion. This was mainly due to the decrease in handset sales revenue and the decrease in mobile service revenue resulted from market competition, VoIP substitution, as well as the impact of COVID-19 on roaming revenue.

Internet business revenue for the first quarter of 2020 remained flat year over year at NT$ 7.51 billion.

Domestic fixed revenue for the first quarter of 2020 decreased by 6.7% year over year to NT$ 14.69 billion, mainly due to the decrease of local and DLD service revenue primarily driven by the increased mobile and VoIP substitution, as well as the decrease of ICT project revenue due to a higher baseline last year.

International fixed communications revenue decreased by 17.6% to NT$ 2.24 billion.

Operating Costs and Expenses

Total operating costs and expenses for the first quarter of 2020 decreased by 8.1% year over year to NT$ 37.62 billion, mainly due to lower cost of goods sold, interconnection costs, and ICT project costs  

Operating Income and Net Income

Income from operations for the first quarter of 2020 increased by 1.2% to NT$ 10.53 billion. The operating margin was 21.9%, as compared to 20.3% in the same period of 2019. Net income attributable to stockholders of the parent decreased by 0.4% to NT$ 8.32 billion. Basic earnings per share was NT$1.07.

Cash Flow and EBITDA

Cash flow from operating activities for the first quarter of 2020 increased by 0.8% year over year to NT$ 13.33 billion, mainly due to the decrease of income tax payment.

Cash and cash equivalents, as of March 31st, 2020, decreased by 55.4% to NT$ 16.59 billion as compared to that as of March 31st, 2019. The decrease was mainly attributable to the payment of concession fee for 5G frequency spectrum, which is partially offset by the increase in short-term bills payable.

EBITDA for the first quarter of 2020 increased by 1.0% to NT$ 19.35 billion. EBITDA margin was 40.19%, as compared to 37.33% in the same period of 2019.

Business and Operational Highlights

Broadband/HiNet

The Company continued to execute its strategy of encouraging FTTx migration. As of March 31st, 2020, the number of FTTx subscribers reached 3.62 million, accounting for 82.4% of the Company’s total broadband users. Moreover, the number of subscribers signing up for speeds of 100Mbps or higher increased by 11.4% year over year, reaching 1.62 million. 

HiNet broadband subscribers decreased by 1.7% year over year to 3.61 million as of March 31st, 2020.

Mobile

As of March 31st, 2020, Chunghwa Telecom had 11.01 million mobile subscribers, representing a 4.0% year-over-year increase.

Fixed line

As of March 31st, 2020, the Company maintained its leading position in the fixed-line market, with a total of 10.09 million subscribers.

Financial Statements

Financial statements and additional operational data can be found on the Company’s website at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings

NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in 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” and similar statements. Statements that are not historical facts, including statements about Chunghwa’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to the risks outlined in Chunghwa’s filings with the U.S. Securities and Exchange Commission on Forms F-1, F-3, 6-K and 20-F, in each case as amended. The forward-looking statements in this press release reflect the current belief of Chunghwa as of the date of this press release and Chunghwa undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date, except as required under applicable law.

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.

NON-GAAP FINANCIAL MEASURES

To supplement the Company’s consolidated financial statements presented in accordance with International Financial Reporting Standards pursuant to the requirements of the Financial Supervisory Commission, or T-IFRSs, Chunghwa Telecom also provides EBITDA, which is a “non-GAAP financial measure”.  EBITDA is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other income, net, (iv) income tax, (v) (income) loss from discontinued operations.

In managing the Company’s business, Chunghwa Telecom relies on EBITDA as a means of assessing its operating performance because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax (iv) other expenses or income not related to the operation of the business. 

CAUTIONS ON USE OF NON-GAAP FINANCIAL MEASURES

In addition to the consolidated financial results prepared under T-IFRSs, Chunghwa Telecom also provide non-GAAP financial measures, including “EBITDA”. The Company believes that the non-GAAP financial measures provide investors with another method for assessing its operating results in a manner that is focused on the performance of its ongoing operations.

Chunghwa Telecom’s management believes investors will benefit from greater transparency in referring to these non-GAAP financial measures when assessing the Company’s operating results, as well as when forecasting and analyzing future periods. However, the Company recognizes that:

  • these non-GAAP financial measures are limited in their usefulness and should be considered only as a supplement to the Company’s T-IFRSs financial measures;
  • these non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company’s T-IFRSs financial measures;
  • these non-GAAP financial measures should not be considered to be superior to the Company’s T-IFRSs financial measures; and
  • these non-GAAP financial measures were not prepared in accordance with T-IFRSs and investors should not assume that the non-GAAP financial measures presented in this earnings release were prepared under a comprehensive set of rules or principle.

Further, these non-GAAP financial measures may be unique to Chunghwa Telecom, as they may be different from non-GAAP financial measures used by other companies. As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company’s results to the results of other companies. Readers are cautioned not to view non-GAAP results as a substitute for results under T-IFRSs, or as being comparable to results reported or forecasted by other companies.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) (“Chunghwa” or “the Company”) is Taiwan’s largest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers with its big data, information security, cloud computing and IDC capabilities, and is expanding its business into innovative technology services such as IoT, AI, etc. In recent years, Chunghwa has been actively involved in corporate social responsibility and has won domestic and international awards and recognition. For more information, please visit our website at www.cht.com.tw

Cision View original content:http://www.prnewswire.com/news-releases/chunghwa-telecom-reports-un-audited-consolidated-operating-results-for-the-first-quarter-of-2020-301050005.html

Source: Chunghwa Telecom Co., Ltd.

PR Newswire

24Tidy acquired the world’s largest laundry factory during the economic recovery of Chinese consumer market

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SHANGHAI, April 30, 2020 /PRNewswire/ — On April 29th, 24Tidy (Shanghai) Network Technology Inc. announced its 950 million RMB acquisition of Tiantian Laundry (Guangzhou) Co., Ltd. in its strategy press conference in Beijing. As one of the largest online life services companies in China, 24Tidy has served over 12 million families with its excellent services that include laundry, flower, etc. Tiantian has been a famous brand in the laundry industry since 1991 and owns the largest centralized smart laundry factory in the world.

24Tidy completed the acquisition of the world's largest laundry factory with the early green shoots in Chinese market
24Tidy completed the acquisition of the world’s largest laundry factory with the early green shoots in Chinese market

While many industries are suffering during the epidemic, the online economy has experienced dramatic growth since the beginning of 2020. When people keeping stay at home because of COVID-19, online services have been used by more and more customers covering all ages in China. 

The founder of 24Tidy, Yao Zongchang said, “24Tidy and Tiantian Laundry had reached the agreement before the epidemic. The outbreak of COVID-19 accelerated our pace to restructure the whole industry while the increasing domestic demands also accelerated the strategic upgrading of 24Tidy.” The online laundry market remains a blue ocean area and obviously 24Tidy seized the timing to make the right move. 24Tidy has provided professional online washing and disinfection services for more than 1.5 million families with a remarkable growth performance since the outbreak of COVID-19. The average daily active users of 24Tidy App increased by 200% compared with the same period of last year with a continuous upward trend. Also, core technology like AI algorithm used to optimize user experience and customize service by analyzing diversified big data from user consumer behaviors, helps 24Tidy maintain its competitiveness.

There are more than 400 thousand laundry shops in China and most of them are operated by very traditional business mode with small production unit behind the front desk. The old way makes the business owners run the business inefficiently with high cost burden, unable to guarantee high quality of the service and also take great risks of potential pollution to the local communities. This acquisition will make 24Tidy fundamentally lead small laundry business owners to update their business model with empowerment by information system and centralized supply chain, and eventually to resolve those risky issues.

The epidemic will enhance public awareness of health and personal hygiene, which will advance customer’s preferences on professional washing and disinfection of clothing.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/24tidy-acquired-the-worlds-largest-laundry-factory-during-the-economic-recovery-of-chinese-consumer-market-301049978.html

PR Newswire

iQIYI to host Spring Online Screenings for Beijing International Film Festival

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BEIJING, April 30, 2020 /PRNewswire/ — iQIYI Inc. (NASDAQ: IQ) (“iQIYI” or the “Company”), the innovative market-leading online entertainment service in China, announced recently that it will be hosting spring online screenings (the “Screenings”) in partnership with Beijing International Film Festival (BIFF), allowing movie-goers to enjoy the film feast just a click away. The Screenings will run from May 1 to May 5, during which 32 films will be screened as part of five different segments. iQIYI will serve as the official streaming platform of the Screenings while Suike, a diversified video-sharing platform under iQIYI, is designated as a premier online video engagement community for the event.

The Academy-award winning film Marriage Story will serve as the Screenings’ opening film and be made available for limited online screening. Closing out the Screenings will be the Golden Globe-nominated film Bombshell, of which a Chinese-audio track developed by iQIYI and Shanghai Film Dubbing Studios will be made available for users to choose. The Academy-award winning film Judy will also be released for screening on May 1. Many international films from countries such as India, Italy, Spain, France, Ireland and the Philippines as well as Chinese art and indie films will also be screened as part of the Screenings. In addition, renowned director Chen Kaige, actor Tong Dawei and actress Tan Zhuo will also be invited as special curators to share their love and dreams in the movie world with fans. The festival program highlights iQIYI’s extensive content library and its operation capacity, as well as its efforts to introduce high-quality art films to the general public.

“We believe that online film screenings will help revitalize the passion that people have for film festivals during this special period. This includes activities such as getting tickets for films of interests or watching and discussing different films with people,” said Song Jia, General Manager of iQIYI Film Center. “The online format also helps us reach a wider audience base and expose our users to different film categories.”

The online film screenings will retain the same ticket purchasing practice as traditional film festivals, of which only a limited number of tickets are reserved for blockbuster films. Fans can make an appointment to purchase tickets online, and receive notifications when online sales start. Attendees can use the ticket, which can be conveniently saved online, to watch the movie. Meanwhile, the online film screenings will introduce a host of interactive features to optimize the movie-going experience. For example, before the Screenings, attendees can receive an exclusive invitation letter from the festival organizers to invite their friends to join together. And after a film ends, fans can generate an exclusive virtual movie poster to record their watching history on the online platform.

About iQIYI, Inc.

iQIYI, Inc. is an innovative market-leading online entertainment service in China. Its corporate DNA combines creative talent with technology, fostering an environment for continuous innovation and the production of blockbuster content. iQIYI’s platform features highly popular original content, as well as a comprehensive library of other professionally-produced content, partner-generated content and user generated content. 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 massive user base with tremendous user engagement, and has developed a diversified monetization model including membership services, online advertising services, content distribution, live broadcasting, online games, IP licensing, online literature and e-commerce.

Cision View original content:http://www.prnewswire.com/news-releases/iqiyi-to-host-spring-online-screenings-for-beijing-international-film-festival-301049928.html

Source: iQIYI, Inc.

PR Newswire

P&G and Shopee inspires home shopping with ‘Show Me My Home’ experiential microsite in Southeast Asia

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SINGAPORE, April 30, 2020 /PRNewswire/ — Procter & Gamble (NYSE:PG), a leading fast-moving consumer goods company, announces collaboration with Shopee, a leading e-commerce platform in Southeast Asia and Taiwan, with the launch of Show Me My Home*, an online campaign that simulates the household environment to provide consumers with a seamless and easy online shopping experience.

P&G products available on Shopee's Show Me My Home Campaign
P&G products available on Shopee’s Show Me My Home Campaign

This collaboration sees P&G coming in with the shopper insights and innovations, and Shopee’s platform and technology to offer users across the region a fun, engaging and convenient way to shop. A first-of-its-kind initiative, Show Me My Home features a one-stop shop offering P&G products (see appendix for full list) categorized by rooms and will be available via a dedicated P&G microsite on Shopee’s platform. A staggered launch of the microsite will be available to consumers in key SEA markets including Malaysia, Indonesia, Singapore, Vietnam, Thailand and the Philippines.

With a shared vision to serve the region’s increasingly savvy digital consumers at scale, this campaign is designed to enable consumers to feel and experience the products by bringing the element of reality onto a digital platform. “At P&G, we are always looking for ways to innovate in order to serve our consumers better. Online shoppers today want the information they need when they need it, at the click of a mouse or a swipe of a tablet or smartphone,” says Kim Dong Hyun, Regional Director, eCommerce, APAC Middle East Africa. “And retailers have only milliseconds to grab their attention and complete any transaction. The collaboration with Shopee reflects P&G’s commitment to provide consumers with convenient access to P&G products as we broaden our capabilities online through upcoming, relevant and meaningful engagement with our consumers. With a platform like Shopee, we are able to serve even more consumers across the region and integrate value-added services such as localized payment and shipping options.”

Ian Ho, Regional Managing Director at Shopee, said, “At Shopee, we are constantly innovating to improve our platform, features and offerings in response to the latest industry trends and users’ evolving preferences. As e-commerce becomes increasingly prevalent, it is crucial that we continue to upgrade the online shopping experience; to make it even more fun, personalised and engaging. We are pleased to collaborate with P&G who shares this same vision to pilot the novel Show Me My Home initiative, and to offer a one-of-a-kind experiential shopping journey for our shoppers across the region.”

The Show Me My Home microsite will feature various activities and exclusive content to provide shoppers with a fun and engaging experience when shopping for P&G products on Shopee. This includes curated content on hygiene tips and tricks on Shopee Feed, a special P&G edition of Shopee’s classic Flip & Match game, exclusive live streams on Shopee Live featuring popular Key Opinion Leaders streaming from their homes.

*Link will go live 2 May 2020, 00:00hrs SGT – 4 May 23:59hrs SGT

Photo – https://photos.prnasia.com/prnh/20200429/2789571-1-a?lang=0

About Procter & Gamble

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It was launched in 7 markets in 2015 to connect consumers, sellers, and businesses in the region. Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.

Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea’s other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea’s mission is to better the lives of consumers and small businesses with technology.

Appendix

Country

 

Category of products

P&G Brands

Malaysia

Fabric, Haircare, Skincare, Shave, Home, Feminine Care, Oral Care, Health Care

Dynamo®, Downy®, Fab®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Hair Recipe®, Gillette®, Venus®, Joy®, Ambi Pur®, Febreze®, Whisper®, Oral B®, Olay®, Vicks®

Vietnam

Diapers, Fabric, Haircare, Skincare, Shave, Feminine Care, Oral Care, Safeguard

Pampers®, Ariel®, Downy®, Tide®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Oral B®, Gillette®, Venus®, Whisper®, Olay®, Safeguard®

Indonesia

Diapers, Fabric, Haircare, Skincare, Shave, Feminine Care, Oral Care, Health Care

Pampers®, Downy®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Gillette®, Venus®, Whisper®, Oral B®, Olay®, Vicks®

Singapore

Diapers, Fabric, Haircare, Skincare, Shave, Home, Feminine Care, Oral Care, Health Care

Pampers®, Dynamo®, Downy®, Tide®, Pantene®, Head & Shoulders®, Herbal Essence®, Gillette®, Venus®, Joy®, Ambi Pur®, Febreze®, Whisper®, Oral B®, Olay®, Vicks®, Tampax®, Always®, Bounce®, Bounty®, Charmin®

Thailand

Diapers, Fabric, Haircare, Skincare, Shave, Home, Oral Care, Safeguard, Feminine Care

Olay®, Oral B®, Pampers®, Downy®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Gillette®, Venus®, Ambi Pur®, Safeguard®, Whisper®

Philippines

Diapers, Fabric, Haircare, Skincare, Shave, Home, Feminine Care, Oral Care, Safeguard, Health Care

Pampers®, Ariel®, Downy®, Tide®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Secret®, Old Spice®, Gillette®, Venus®, Joy®, Ambi Pur®, Whisper®, Oral B®, Olay, Safeguard®, Vicks®
PR Newswire

Beezy further strengthens its presence in France

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SAN FRANCISCO, April 30, 2020 /PRNewswire/ — Beezy Inc., the all-in-one intelligent workplace solution for Office 365, is pleased to announce that Simon Berna has joined the company’s sales team as Sales Executive for France. 

Simon Berna, Sales Executive France, Beezy Inc.
Simon Berna, Sales Executive France, Beezy Inc.

Based in Lyon, he will cover France and the French-speaking regions of Switzerland and Belgium.

With extensive experience in the digital workplace market, Simon will help Beezy clients with digital transformation projects, focused on digital workplace solutions for Office 365 and Microsoft SharePoint. 

Simon will be responsible for making sure existing customers’ needs are met while developing new partners in his sales region. His appointment supports the company’s strategic direction of strengthening customer relationships, as well as expanding global sales support.

“With multiple new initiatives and a clear product roadmap in place that aligns with the fast-growing French market,” said Simon, “this is a great time to join Beezy. I’m excited to be part of the team and honored to work for such a well-respected company in the digital workplace industry.”

“I look forward to working with my customers and helping them find the best solutions that will help them accelerate their workforce productivity and collaboration.”

Prior to joining Beezy, Simon worked in multiple sales roles for a specialist Microsoft services company. His background includes over 10 years of experience in the digital workplace and Microsoft environment, expanding his skill set and expertise within enterprise software, intranet systems, and change management.

Ritse Klink, Beezy COO, commented, “Simon is a great fit for this position. I’m confident that his experience and knowledge will help cultivate our customer-centric sales model and drive our company goals. We’re delighted to have him on board as a key contributor.”

Simon attended the Business Technology Engineering program at Euridis Business School. And is passionate about new technologies, the world of gaming/streaming, and an active member of the Microsoft communities. 

About Beezy
Beezy is the all-in-one Intelligent Workplace for Microsoft Office 365 and Teams. By extending the Microsoft productivity stack, we empower users to communicate, share, and collaborate better, whether on-premises, in the cloud, or in hybrid environments.

Large customers such as MBDA, Amundi, Banco Santander, IHS Markit, and many more now benefit from the full functionality of an intelligent, modern digital workplace that brings together collaboration, communication, knowledge, and processes.

Contact information
You can reach Simon Berna directly at +33 749205012 or at simon.berna@beezy.net.
For media or press inquiries about Beezy, please contact info@beezy.net.  

Photo – https://techent.tv/wp-content/uploads/2020/04/beezy-further-strengthens-its-presence-in-france-1.jpg
Logo – https://techent.tv/wp-content/uploads/2020/04/beezy-further-strengthens-its-presence-in-france.jpg

Source: Beezy Inc.

PR Newswire

Touchless Entry with Ultraloq U-Bolt Pro Smart Lock and Donation Program

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FREMONT, Calif., April 30, 2020 /PRNewswire/ — U-tec, the Fremont based Smart Lock company, is featuring their Ultraloq U-Bolt Pro, which will allow people to open their lock without touching it.

“The touchless features that the Ultraloq U-Bolt Pro offers, like auto-unlock, unlocking with your smartphone, using Alexa and Google Assistant, even using your Apple Watch, adapt perfectly to this unprecedented times. People can upgrade to an Ultraloq U-Bolt Pro in their house, health care facility, warehouse, or any other place where they need frequent access. With these features, they don’t need to touch their lock, and this will lower the risk of getting Coronavirus,” said Guillermo Montalvo, Marketing director of U-tec.

Ultraloq U-Bolt Pro 6-in-1 Smart Deabolt
Ultraloq U-Bolt Pro 6-in-1 Smart Deabolt

The options the Ultraloq U-Bolt Pro offers for a touchless entry are:

  • Via the smartphone App
  • Voice Control
  • Auto Unlock
  • Apple Watch

With the U-tec App that is available for iOS and Android, people can fully control their Ultraloq U-Bolt Pro, like unlocking and locking, all of it without touching it.

Alexa and Google Assistant need to be paired with the Ultraloq U-Bolt Pro and an Ultraloq Bridge, and this will allow users to use voice commands to unlock or lock the door. 

Auto Unlock feature uses the users’ GPS to determine the proximity to their door, and then via Bluetooth, it will communicate with the Ultraloq U-Bolt Pro to trigger the function.

Similar to the Auto Unlock feature, Apple Watch will communicate via Bluetooth, with an Apple Watch users will be able to unlock or lock the door.

As the situation intensifies daily, U-tec just announced a donation program. When a customer purchases any Ultraloq Smart Lock on their Website, they will donate 10 meals to the San Francisco-Marin Food Bank, to help people who may now be facing hunger as a result of lost hours, wages, or jobs. 

San Francisco-Marin Food Bank
San Francisco-Marin Food Bank

About U-tec

U-tec leads connected smart door lock revolution. Located in Fremont, California, U-tec invents and manufactures Ultraloq Whole-Home Smart lock system that fits into any lifestyle that lets consumers access every door in a true keyless way. They have complete control of who comes and goes via smartphone even they are away. Temporary access can be granted to guests, dog walker, babysitter, or service provider remotely. Ultraloq smart lock integrates seamlessly with major smart home platforms to intelligently interact with other smart devices, which provides unlimited possibilities.

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PR Newswire

The New Roborock S6 MaxV Sets Innovative Navigation Standard in Home Robotics

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HONG KONG, April 29, 2020 /PRNewswire/ — Roborock, developer of ultra-intelligent vacuum cleaners, today introduces its latest product innovation, the Roborock S6 MaxV. This premium addition to the company’s S-Series lineup is the first Roborock vacuum to include a stereo camera, allowing advanced obstacle avoidance technology called ReactiveAI. In addition, it’s the first product to be powered by a Qualcomm® APQ8053 processor chip from Qualcomm Technologies, Inc. – giving the MaxV cutting-edge on-device AI and connectivity performance. Its ReactiveAI enables the vacuum to not only recognize, but also avoid a range of common robot trapping obstacles, meaning people, especially parents and pet owners, can run their robotic vacuums with fewer worries than ever before.

Roborock S6 MaxV Robotic Vacuum
Roborock S6 MaxV Robotic Vacuum

“The seamless integration of ReactiveAI with our advanced laser technology allows the Roborock S6 MaxV to estimate the size and location of common obstacles and the best way to clean around them, setting the standard for our smartest navigational robot vacuum yet,” said Richard Chang, CEO of Roborock. “The powerful image processing technology behind it has led us to work with Qualcomm Technologies for the first time, a journey we are delighted to begin as we continue to imagine the next generation of robotic vacuums to navigate today’s world.”

This vision is echoed by Dev Singh, senior director of business development and head of autonomous robotics, drones and intelligent machines at Qualcomm Technologies, Inc. “The advancements that Roborock has made in the Home Robotics industry these past years are remarkable,” said Singh. “We’re thrilled to work with Roborock on their first product to launch with a stereo camera and a Qualcomm APQ8053 heterogeneous processor – powering the MaxV with cutting-edge on-device computation performance plus long-lasting battery life – in an effort to bring the next generation of innovative robot vacuums to life.”

Advanced Obstacle Recognition and Avoidance

  • Stereo camera – The Roborock S6 MaxV is equipped with a stereo camera on the front that captures detailed images at a maximum speed of 30 fps, allowing powerful image processing to recognize and avoid common obstacles including pet waste, scales (weighing), or shoes.
  • ReactiveAI – This obstacle avoidance technology utilizes a Convolutional Neural Network for image processing – trained on tens of thousands of images and powered by a fast and powerful Qualcomm® APQ8053 processor.

Roborock’s Most Powerful Robot Vacuum Yet

  • Powerful suction – With its 2500Pa of suction, which offers 25% more suction power than its predecessor the S6, the S6 MaxV is Roborock’s most powerful vacuum cleaner ever launched, now picking up even finer dirt from hard floors and reaching deeper into carpets.
  • Battery life – The S6 MaxV also has an extra-large 5200mAh battery – allowing it to clean for up to three hours (in quiet mode). Smart Top-Up allows the robot to recharge just enough to complete a large clean when needed.

Beyond Hardware

  • Multi-level maps – New clever software features are continually being introduced. In particular, multi-level mapping technology, a feature in high demand by customers, allows the robot to automatically recognize different levels of a home.
  • Every floor can now have its own set of No-Go Zones and No-Mop zones, and the already popular automatic room recognition feature – which automatically splits each level into rooms – can also be extended to multiple floors.

The Roborock S6 MaxV will be available in the US at the end of Q2 for $749 RRP.
In addition, the company also added the Roborock E4 to its E-Series lineup today. The robotic vacuum, available on Amazon for $299, features precision sensors and an internal map, enabling it to know where it has cleaned and what areas still remain.

For more information on either product visit us.roborock.com. 

About Roborock

Roborock specializes in the research, development, and production of robotic home cleaners and other cleaning appliances. It develops and produces robot vacuums under its Roborock brand, as well as creating robot vacuums for one of China’s largest technology companies, Xiaomi. Each robot it builds is designed to fulfill a singular purpose: To give people more time to spend on the things they love. Currently, Roborock is available in 40 countries, including the U.S., Germany, France and Spain. The company operates out of four locations, with offices in Beijing, Shanghai, Shenzhen, and Hong Kong.

Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries.

Qualcomm APQ8053 is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

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Y Soft Enhances Embedded Terminal Functionality For Sharp Devices

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BRNO, Czech Republic and DALLAS, April 29, 2020 /PRNewswire/ — Y Soft Corporation, the leading enterprise workflow solutions provider, today announced the availability of the 2nd generation of YSoft SafeQ Embedded Terminal for Sharp multifunctional devices. The YSoft SafeQ Embedded Terminal is a software-based terminal integrated into the multifunction device (MFD). It utilizes the MFD’s printer control panel for user input, providing a seamless user experience and simple and intuitive operation using the Sharp touchscreen display.

This upgraded version of YSoft SafeQ Embedded Terminal includes the latest clean design user interface enhancements, which enable easy and personalized access to features and functions. It supports the basic features of Embedded Terminal, which allows users to authenticate, then manage their YSoft SafeQ prints, copies, and scans directly at the MFD.

YSoft SafeQ enables organizations to manage and optimize print and scan services across their organization with secure pull-printing, cost reduction tools, productivity-enhancing workflows, and comprehensive reporting for monitoring and auditing usage and to highlight sustainability contributions.

“Sharp is an important partner and has been for many years; this upgrade is a reflection of our dedication to them and their customers,” said Barry Lower, Chief Sales officer for Y Soft. “We’re confident that Sharp customers will appreciate and agree that the new YSoft SafeQ Embedded Terminal on Sharp MFDs delivers a simplified user experience and reduces the time they spend copying, printing, and scanning.”

Löwer continued, “Customers have grown accustomed to and demand easy to use user interfaces’ on every digital device they use. YSoft SafeQ Embedded Terminal for Sharp offers our customers one of the best user experiences and supports all the functions provided by YSoft SafeQ.”

YSoft SafeQ is designed as a software platform. Today, the platform has four main product areas:  Print Management, Cloud-hosted Print Management, Document Capture, and 3D Print Management. Within these four areas, the software is offered in Software Suites for the best value, although individual modules can be purchased.

About Y Soft 

Y Soft develops intelligent Digital Transformation office solutions for enterprise, SMB, and Education that empower employees to be more productive and creative. Our YSoft SafeQ® workflow solutions platform enables businesses to manage, optimize and secure their print and digital processes and workflows. Our 3D print solutions are focused in the Education sector where they provide unique ease of use and safety benefits, while utilizing YSoft SafeQ software for seamless 3D print management.  

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe and Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com. 

YSoft SafeQ, SafeQ, and Y Soft are property of Y Soft Corporation, and registered in many countries in the world. Other applications for registration are pending. All other trademarks are the property of their respective owners. 

Media contacts:

Global:
Steven Knuff
Senior Manager, Global PR and Analyst Relations
steven.knuff@ysoft.com
+1 512 810-3207

Czech Republic:
Jiri Kocourek
jiri@parco.cz
+420 775 630 41

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Percepto Lauded by Frost & Sullivan for Accelerating Clients’ Decision-Making with its Emerging Technology-led Autonomous Drone Solution

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Percepto incorporates proprietary AI, ML, and analytics capabilities into its solutions to execute and manage events autonomously and ultimately, reduce operational downtime

SANTA CLARA, Calif., April 29, 2020 /PRNewswire/ — Based on its recent analysis of the global autonomous drones market, Frost & Sullivan recognizes Israel-based Percepto with 2020 Global Enabling Technology Leadership Award for its best-in-class, end-to-end autonomous drone-in-a-box solution. Comprising the Sparrow drone, Percepto Base, and comprehensive data management and analytics software, the Percepto Solution performs a range of tasks such as inspections, measurements, and surveillance. Its proprietary advanced analytics, Artificial Intelligence (AI), computer vision, and machine learning (ML) boosts the functionality and value of the platform, giving it a significant competitive edge over other solutions.

Percepto
Percepto

“Operators can remotely start, monitor, and complete tasks with Percepto’s autonomous, intelligent drones through the cloud-based, user-intuitive dashboard, allowing them to continue their business operations from anywhere in the world,” said Michael Blades Industry Analyst and VP of Aerospace, Defense & Security. “It notifies operators in real time, enabling operations and security teams to respond to incidents proactively, ultimately optimizing productivity, safety, and security. Further, it monitors a client’s worksite for any external interference, such as a malicious or unauthorized individual, drone, or vehicle; safety risks such as leaking pipes, or improper safety practices such as an employee not wearing a hard hat or high-visibility safety vest.” The main cost savings comes from consistent and persistent inspection, proactive monitoring and active reporting that the system provides.

Meanwhile, with the outbreak of COVID-19, businesses are rethinking their business continuity strategies, their ability to maintain efficiencies while many employees cannot get to the site, and the response to emergencies. In this scenario, autonomous solutions that take critical actions on behalf of operators are emerging as new best practices, The Percepto Solution’s ability to operate in harsh weather conditions and integrate seamlessly with third-party technologies makes it the ideal tool for operators in diverse industries including automotive, critical infrastructure, defense, industrial, mines, ports, and utilities.

The company works closely with the Federal Aviation Administration (FAA) in the United States to stay abreast of new drone regulations and flight programs and to obtain regulatory approvals. Approvals such as remote flight controls and operations without a visual observer when flying beyond visual line of sight (BVLOS) increase the versatility and ROI of each system deployed. Percepto’s drones enable clients to optimize security and inspection practices by autonomously completing tasks such as perimeter patrols and infrastructure inspections.

“Percepto complements its technology with stellar customer support and an unwavering commitment to meeting business-specific needs for clients,” noted Blades. “In 2019, Percepto added fully-automated high-resolution two-dimensional mapping capabilities and three-dimensional modeling to meet customer and market demands. The company’s customer base and revenues continue to grow as potential clients and existing customers recognize its unique drone offering and price/performance value.”

Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products, but also enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient’s technology.

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

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Lindsey Whitaker
P: +1 (210) 477-8457
E: lindsey.whitaker@frost.com

About Percepto

Percepto is the market leader of on-site autonomous drone solutions for critical infrastructures and industrial sites. Operating with no need for human intervention, Percepto’s autonomous Sparrow drones perform multi missions, around the clock. The solution is ideally suited to any large-scale enterprises looking to increase productivity, improve security and reduce safety risks and operational costs. Organizations using the Percepto solution are better aware of events taking place, allowing them to be proactive and more efficient in addressing risks and operational needs. The Percepto Solution is currently in use around the world including Enel in Europe, as well as a number of Fortune 500 organizations.

info@percepto.co 

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iClick Interactive Listed in the Top 10 Ad Management Companies 2020 by CIO Advisor APAC

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HONG KONG, April 29, 2020 /PRNewswire/ — iClick Interactive Asia Group Limited (“iClick” or the “Company”) (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, has been listed as one of the “Top 10 Ad Management Companies 2020” by CIO Advisor APAC. iClick was also listed by the publication as Top 10 APAC Digital Marketing Solution Providers-2019 last year.

“We are delighted to receive these prestigious accolades which recognize our strong capabilities in both digital marketing and ad management. One of iClick’s fundamental goals is to use advanced marketing technologies to help international brands reach the right audiences in China and optimize their business and marketing efforts. Through our Integrated Enterprise and Marketing Cloud Platform combined with our close understanding of market trends, we help customers turn online and offline data into actionable and monetizable insights.” said Sammy Hsieh, Co-founder and Chairman of the Board of Directors of iClick.

“With the outbreak of COVID-19 driving a shift in consumer habits even faster towards e-commerce, effective online marketing has become more in-demand than ever. On top of our core advertising business, iClick will continue to develop innovative products and solutions to create value for our customers by leveraging our R&D capabilities in cloud and AI technologies,” Hsieh added.

iClick has increased the range of its digital offerings and partnerships in the APAC region throughout the past year. In 2019, iClick collaborated with BTG WELINK, the online retail services arm of Beijing Tourism Group, to create a unified customer relationship system spanning 100 brands and eight industries using iClick’s Enterprise Solutions. iClick has also continued to build on its core marketing product lines, including the data management platform, iAudience and its one-stop cross-channel solution built for agencies and brands, iAccess. Today, iClick’s marketing platform covers 98% of internet users in China, with over 825 million Chinese consumer datasets.

Sammy Hsieh was also featured in the April 2020 edition of CIO Advisor’s Ad Management magazine highlighting iClick’s services and achievements in the advertising industry. The article is available here.

– End –

About iClick Interactive Asia Group Limited

iClick Interactive Asia Group Limited (NASDAQ:ICLK) is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, our proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and is currently operating in nine locations worldwide including Asia and Europe.

About the CIO Advisor Top 10 lists

CIO Advisor is a print magazine providing a knowledge network for tech professionals across the Asia Pacific-Region. The “Top 10 Ad Management Companies 2020” award honors the accomplishments of marketing companies. The shortlisted winners are chosen by a distinguished panel comprised of CEOs, CIOs, VCs, analysts and CIO Advisor’s editorial board. The “Top 10 APAC Digital Marketing Solutions Companies 2020” considers the need for digital marketing experts in enterprises and identifies the leading service providers in the region based on a comprehensive study.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. 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, including but not limited to the following: the Company’s fluctuations in growth; its success in implementing its mobile and new retail strategies, including extending its solutions beyond its core online marketing business; its success in structuring a CRM & Marketing Cloud platform; relative percentage of its gross billing recognized as revenue under the gross and net models; its ability to retain existing clients or attract new ones; its ability to retain content distribution channels and negotiate favorable contractual terms; market competition, including from independent online marketing technology platforms as well as large and well-established internet companies; market acceptance of online marketing technology solutions and enterprise solutions; effectiveness of its algorithms and data engines; its ability to collect and use data from various sources; ability to integrate and realize synergies from acquisitions, investments or strategic partnership; fluctuations in foreign exchange rates; and general economic conditions in China and other jurisdictions where the Company operates; and the regulatory landscape in China and other jurisdictions where the Company operates. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For media inquiries:
iClick Interactive Asia Group Limited
Lisa Li
Phone: (86) 21-3230-3931 #892
Email: press@i-click.com

Paradigm Consulting
 Helen Lam / Vivienne Lam
Phone: (852) 2251 9082 / (852) 2377 1408
Email: helen.lam@paradigmconsulting.com.hk / vivienne.lam@paradigmconsulting.com.hk

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