Tag Archives: CPR

PR Newswire

Fang to Report Fourth Quarter 2019 Financial Results on April 24, 2020

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BEIJING, April 17, 2020 /PRNewswire/ — Fang Holdings Limited (NYSE: SFUN) (“Fang”), a leading real estate Internet portal in China, today announced that it will report its unaudited financial results for the fourth quarter ended December 31, 2019 before the U.S. market opens on Friday, April 24, 2020.

Fang’s management team will host a conference call on the same day at 8:00 AM U.S. ET (8:00 PM Beijing/Hong Kong time). The dial-in details for the live conference call are:

International Toll:

+65 67135600

Toll-Free/Local Toll:

United States

+1 877-440-9253 / +1 631-460-7472

Hong Kong

+852 800-906-603 / +852 3018-6773

Mainland China

+86 800-870-0075 / +86 400-120-0948

Direct Event Passcode

1578624#

Please register in advance of the conference using the link provided below. Upon registering, you will be provided with participant dial-in numbers, Direct Event passcode (1578624#) and unique registrant ID. Get prompted 10 min prior to the start of the conference. Enter the Direct Event Passcode above (1578624#), and your unique Registrant ID, followed by the pound or hash (#) sign to get into the call.

Direct Event online registration: http://apac.directeventreg.com/registration/event/8819045

A telephone replay of the call will be available after the conclusion of the conference call from 11:00 AM ET on April 24, 2020 through 9:59 AM ET May 2, 2020. The dial-in details for the telephone replay are:

International Toll:

+61 2-8199-0299

Toll-Free/Local Toll:

United States

+1 855-452-5696 / +1 646-254-3697

Hong Kong

+852 800-963-117 / +852 3051-2780

Mainland China

+86 400-602-2065 / +86 800-870-0206

Conference ID:

8819045

A live and archived webcast of the conference call will be available on Fang’s website at http://ir.fang.com.

About Fang

Fang operates a leading real estate Internet portal in China in terms of the number of page views and visitors to its websites. Through its websites, Fang provides primarily marketing, listing, financial and value-added services for China’s fast-growing real estate and home furnishing and improvement sectors. Its user-friendly websites support active online communities and networks of users seeking information on, and other value-added services for, the real estate and home furnishing and improvement sectors in China. Fang currently maintains approximately 65 offices to focus on local market needs and its website and database contains real estate related content covering 658 cities in China. For more information about Fang, please visit http://ir.fang.com.

For investor and media inquiries, please contact:

Ms. Jessie Yang
Investor Relations Director
Email: ir@fang.com

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PR Newswire

111 Files Annual Report on Form 20-F for Fiscal Year Ended 2019

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SHANGHAI, April 17, 2020 /PRNewswire/ — 111, Inc. (“111” or the “Company”) (Nasdaq: YI), a leading integrated online and offline healthcare platform in China, today announced it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the United States Securities and Exchange Commission (“SEC”) on April 16, 2020.

The annual report is available on the Company’s investor relations website at http://ir.111.com.cn/ as well as the SEC’s website at http://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department 3-5/F, No. 295 ZuChongZhi Road, Pudong New Area, Shanghai, 201203, The People’s Republic of China.

About 111, Inc.

111, Inc. (NASDAQ: YI) (“111” or the “Company”) is a leading integrated online and offline healthcare platform in China. The Company provides hundreds of millions of consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy and indirectly through its offline pharmacy network. 111 also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation and electronic prescription services. In addition to providing direct services to consumers through its online retail pharmacy, 111 also enables offline pharmacies to better serve their customers. The Company’s online wholesale pharmacy, 1 Drug Mall, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. The Company’s new retail platform, by integrating the front and back ends of the pharmaceutical supply chain, has formed a smart supply chain, which transforms the flow of pharmaceutical products to pharmacies and modernizes how they serve their customers.

For more information on 111, please visit ir@111.com.cn

For more information, please contact:

111, Inc
IR Director
Ms. Monica Mu
ir@111.com.cn

Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

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Source: 111, Inc.

PR Newswire

Pearl Abyss Begins Final Beta for Shadow Arena

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SEOUL, South Korea, April 17, 2020 /PRNewswire/ — Pearl Abyss announced that its action battle royale Shadow Arena has entered its final phase of Beta testing today at 4PM (KST). Players across the globe can now experience the improved gameplay of Shadow Arena on Steam until April 20.

Pearl Abyss Begins Final Beta for Shadow Arena
Pearl Abyss Begins Final Beta for Shadow Arena

In Shadow Arena, 40 Heroes battle against each other in fierce, action-packed showdowns to become the final survivor. New content, such as a more sophisticated matching system, has been introduced to the final Beta to provide a higher level of gameplay for global players. 

The new AI Matches mode allows a maximum of 5 players to fight as allies against 40 AI opponents. A Normal Match mode, where the game’s results are not recorded, is also available along with other additions including a new giant monster the Stoneback Crabs, and a Blessed Area, which will greatly increase a Hero’s HP regeneration. 

Heroes who have signed up for a Beta key can receive a Premium Beta Key that will give them special in-game rewards. These rewards are the highest grade sealed items, such as the Matchlock and Red Dragon’s Offering. Heroes can play Shadow Arena more strategically with these sealed items. 

As the current test is being conducted as the “final” Beta, Pearl Abyss is preparing to release the early access of Shadow Arena soon.  

For more information on Shadow Arena, visit the official website, Discord, Facebook, YouTube, and Twitter.

About Pearl Abyss

Best known for the MMORPG franchise Black Desert, Pearl Abyss is a leading developer in the game industry. Established in 2010, Pearl Abyss has since developed Black Desert for PC, mobile, and console, and is developing Shadow Arena for PC and console. All of Pearl Abyss’ games are built on the company’s own proprietary engine and are renowned for their cutting-edge graphics. The company is also developing Crimson Desert, DokeV, and PLAN 8 and is poised to continue its growth through 2020 and maintain its position as one of Asia’s leaders in game development. More information about Pearl Abyss is available at: www.pearlabyss.com.

Photo – https://photos.prnasia.com/prnh/20200416/2778768-1?lang=0

PR Newswire

Globe Invests in Cloud Business to Expand ICT Capabilities

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MANILA, Philippines, April 17, 2020 /PRNewswire/ — Globe Telecom, Inc. (“Globe”) has entered into an agreement to acquire substantially all of the assets of US-based Cloud Consulting Companies, Cascadeo Corporation and Cascadeo Partners (referred to as Cascadeo) for US $4M. Globe shall incorporate new entities through which the acquisition will be made. As part of the transaction, Globe, along with Cascadeo, will make follow up investments into the entities for growth capital to fund the company’s expansion strategies. Full execution of the agreement is targeted in the next few months following completion of regulatory approvals.

This investment echoes Globe’s trust to build a robust ICT portfolio and deliver tools and solutions that propel businesses to stay competitive towards the digital future. Globe’s vast resource pool and extensive reach in the Philippine market together with Cascadeo’s specialized expertise in cloud-based products and services bring forth synergies, which will be passed on to the Philippine and US enterprise clients through an upgraded cloud-based product and service offering.

“The joint venture with Cascadeo will further strengthen our ability to invent, innovate, and experiment,” said Globe President and CEO, Ernest Cu. “We will be leveraging on Cascadeo’s Cloud-Native Consulting and Managed Services capabilities to further solidify our credibility as a cloud solutions provider for enterprises and small and medium business customers who are ready to digitally transform.” The deal forms part of the strategy of Globe Business to accelerate development of its ICT capabilities and solutions and to provide their customers a complete suite of cloud-native products and services.

“We’re excited to have a partner like Globe in the next stage of our growth journey. Their commitment to cloud-first and speed of adoption are rare to see in large organizations. We also admire that Globe has balanced achieving business goals with taking care of their people. We continue to be amazed by the talent of the Filipino workforce and partnering with Globe will be instrumental in helping us become an employer of choice as we broaden our footprint in the Philippine market,” said Jared Reimer, CEO of Cascadeo Corporation.

Founded in 2006, Cascadeo is one of only a few elite Amazon Web Services (“AWS”) Premier Consulting Partners in North America and is also a Managed Services Provider (“MSP”). Their expertise is on automation, Cloud-Native Platform as a Service, Data Analytics, Serverless Infrastructure and programmatic security. They also have professional consulting services and managed operations for customer deployments on AWS, Azure, Google Cloud Platform, NetApp Cloud Solutions and even on-premise VMWare private cloud environments. Cascadeo is head-quartered in Seattle, Washington and maintains a Cloud Operations Center of Excellence in Manila, which supports their customers in the US and the Philippines.

About Globe

Globe is a leading full-service telecommunications company in the Philippines and is publicly listed in the Philippine Stock Exchange with the stock symbol GLO. The company serves the telecommunication and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet and managed services. It has major interests in financial technology, digital marketing solutions, venture capital funding for startups, entertainment, and virtual healthcare. Its principal shareholders are Ayala Corporation and Singtel, acknowledged industry leaders in the country and in the region.

Globe News Room: globe.com.ph/about-us/newsroom
Follow @enjoyglobe on Facebook, Twitter, Instagram and YouTube.

About Cascadeo

Founded in July 2006, Cascadeo, a US-based entity with a subsidiary in the Philippines, is a Premier AWS Consulting Partner and Managed Services Provider (MSP) that specializes in cloud migration, artificial intelligence and machine learning. Originally established to focus on data centers and customized managed hosting, Cascadeo has evolved to become a Premier AWS Consulting Partner that also provides on-going managed services within the public cloud ecosystem. The company also has partnerships or certifications with other cloud vendors such as Microsoft Azure, Google Cloud Platform, Kubernetes and NetApp Cloud Solutions. Cascadeo.io, an AIOps-enabled platform, is considered the next generation managed services delivered as a SaaS (Software as a Service).

For more information, visit www.cascadeo.com

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Source: Globe Telecom, Inc.

PR Newswire

KLab Unites with the Game Industry and WHO #PlayApartTogether Campaign to Prevent the Spread of COVID-19

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TOKYO, April 17, 2020 /PRNewswire/ — KLab Inc. (Headquarters: Minato-ku, Tokyo, President & CEO: Hidekatsu Morita, hereinafter referred to as “KLab”) announced that together with major game publishers around the world and the WHO (World Health Organization) that they are uniting to support the #PlayApartTogether campaign. The initiative encourages people to help slow the spread of COVID-19, which is sweeping its way around the world, by following health and safety guidelines to stay at home.

KLab joins #PlayApartTogether.
KLab joins #PlayApartTogether.

As the whole world is currently being impacted by the spread of the COVID-19, the company decided to do our part by joining the #PlayApartTogether initiative. KLab wants to support gamers and everyone around the world by encouraging them with the following message to “stay home, practice physical distancing, and play games together.”

KLab joins #PlayApartTogether.
KLab joins #PlayApartTogether.

In addition, they have decided to hold their own in-game campaigns so that players can enjoy their time at home starting today. Details of the in-game campaigns will be announced on the official websites and social media pages for each title.

Message

To everyone around the world,

 

I believe that we are all feeling uneasy these days because of the new coronavirus (COVID-19). Staying at home is now more important than ever to prevent transmission and protect our loved ones. Games are a great form of entertainment you can enjoy at home. Instead of going out, we can work together to help contain the infection by staying home and playing games with our families, partners, and friends (#PlayApartTogether).

 

We have also set up campaigns to help you enjoy some of the games we have to offer.

 

We pray for the safety and good health of everyone around the world.

 

KLab Inc.

President and CEO

Hidekatsu Morita

About #PlayApartTogether

The world’s major game publishers and developers have united for this initiative to disseminate the correct WHO recommended health guidelines, such as physical distancing and hand hygiene to help slow the spread of COVID-19. These messages will be conveyed around the world through games and industry networks. The ability to stay home and play games while interacting with others is one way of maintaining both your mental and physical health.

For more information on #PlayApartTogether please visit the official announcement page and the WHO website.

* Company, product, and service names are trademarks or registered trademarks of their respective companies.

Participating Campaign Game Titles

Games participating in KLab's #PlayApartTogether campaigns.
Games participating in KLab’s #PlayApartTogether campaigns.

“Love Live! School Idol Festival All Stars” 
Players can receive Show Candy (100%) x5 and other great rewards.

“Captain Tsubasa: Dream Team”
 Players can receive up to 100 Dreamballs, SSR Transfer Tickets, and other great rewards.

“Bleach: Brave Souls”
 Players can receive a Choose a 5 Summons Ticket (April 2020), a Choose a 5 Summons Ticket (April 2020 Seasonal), and other great rewards.

“Utano Princesama Shining Live”
 Players can receive an 11-Shot Pass (SR+ x1) and other great rewards.

“Love Live! School Idol Festival” 
Players can receive Sugar Cubes [LP50], Scouting Tickets, Scouting Coupons, a UR Scouting Ticket and other great rewards.

*For further details be sure to check out the in-game announcements. Contents are subject to change without prior notice.

*Please note that some titles may not be playable depending on the service language or region of the user.

Copyright

©2013 PROJECT Lovelive!
©2017 PROJECT Lovelive! Sunshine!!
©PROJECT Lovelive! Nijigasaki High School Idol Club
© KLabGames
©SUNRISE
©bushiroad

©Yoichi Takahashi/SHUEISHA
©Yoichi Takahashi/SHUEISHA/TV TOKYO/ENOKIFILM
© KLabGames

©Tite Kubo/Shueisha, TV TOKYO, dentsu, Pierrot ©KLabGames

©SAOTOME GAKUEN © KLabGames

©2013 PROJECT Lovelive!
©2017 PROJECT Lovelive! Sunshine!!
© KLabGames
©bushiroad

About KLab

KLab is a leader in online mobile gaming. Founded in 2000 and headquartered in Tokyo, the company is listed on the 1st Section of the Tokyo Stock Exchange. KLab has consistently ranked as one of the top 52 grossing game publishers worldwide since 2012. With its emphasis on quality and innovative games, KLab continues to grow at a rapid pace, expanding beyond the Japanese market with an office in Shanghai. For more information about KLab, please visit http://www.klab.com/jp/english/.

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Source: KLab Inc.

PR Newswire

SHL Announces Free Access to RemoteWorkQ For Individuals

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SHL’s groundbreaking new questionnaire provides insights into remote-work skills, allowing individuals to showcase their ability to flourish in the new world of remote working

MINNEAPOLIS, April 17, 2020 /PRNewswire/ — SHL, the market leader in talent solutions, announced yesterday the release of a free version of the new RemoteWorkQ for individuals seeking to discover their personal strengths, areas for development and need for support in a remote working environment.

As a result of the COVID-19 pandemic, millions of employees are now working from remote locations, while others have been furloughed or lost their jobs. Furthermore, nearly 74% of organizations intend to continue a remote work model even after COVID-19 restrictions subside.

The RemoteWorkQ, created by SHL and based on decades of research, data, and scientific expertise, is rooted in eight specific competencies necessary for individuals to excel in a remote working environment – with an emphasis on maintaining productivity, healthy workplace relationships, and overall well-being.

Individuals who complete the short 10-minute RemoteWorkQ receive a personalized report that outlines their remote working strengths, areas for development, and need for support – all with the scientific credibility that only SHL can provide. The report also includes development tips for increasing success as a remote employee.

“There are millions of people in the world adjusting to a new way of working, as well as others who are looking for a competitive edge back into the workforce,” said Andy Bradshaw, SHL CEO. “We have created a free version of the RemoteWorkQ specifically for these individuals so they can discover the unique value they add to this new world of working. Life will go on after COVID-19 and the RemoteWorkQ will play a key role in ensuring individuals are prepared to thrive.”

The RemoteWorkQ is also available as an enterprise offering through subscription on SHL’s TalentCentral; it includes robust reporting and analysis for organizations to understand their strengths and areas for development at scale.

Individuals can take advantage of the new RemoteWorkQ today.

About SHL 
SHL exists to help you win. At a time of unprecedented change, we provide deep people insights to predict and drive performance.

Our world-class talent solutions empower leaders and their teams to make unbiased decisions throughout the employee journey. With 40+ years of talent expertise, cutting-edge assessment science and more than 45 billion data points, we have an unparalleled view of the workforce. SHL partners with organizations of all sizes – from start-ups to multinational firms – worldwide to deliver proven business results from people investments. www.shl.com 

Contact 
Kristina Iniguez
PR@shl.com 

Logo – https://techent.tv/wp-content/uploads/2020/04/shl-announces-free-access-to-remoteworkq-for-individuals.jpg

PR Newswire

Hainan Free Trade Port: A witness to China’s continued opening-up

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BEIJING, April 16, 2020 /PRNewswire/ — A news report by China.org.cn on Hainan Province, a provincial-level free trade port:

 

Hainan, the southernmost island province of China, has been attracting people from around the world for years with its blue waters, towering coconut trees, year-round sunshine and sandy beaches. Starting this year, China will build an open and distinctive free trade port on this beautiful island.

The Hainan Free Trade Port will be a special functional economic area with the highest level of openness in the world. Overseas products and funds will have free access within the port, and the majority of goods will be exempt from tariffs. This move reflects China’s determination to further open up to the rest of the world.

Thirty-two years ago, the Chinese government established the province of Hainan on what was then a closed-off and underdeveloped border island. It was later designated as a special economic zone (SEZ) to attract foreign investment with its preferential tax rates and favorable business environment. In 1992, Hainan established the Yangpu Economic Development Zone, the first zone in China to be comprehensively developed by foreign investors. Eight years later in 2000, Hainan took the lead to implement a policy of visas on arrival. The following year, the town of Boao in Hainan became the permanent venue for the annual Boao Forum for Asia. A series of initiatives like these have allowed Hainan to continue developing. Establishing special economic zones was also a breakthrough in China’s opening-up.

Back in 2018, Hainan created a pilot zone for free trade on the island. Two years later, it began to explore and establish a free trade port with Chinese characteristics, meaning, greater freedom in finance, investment and the flow of talents. The essence of the port goes beyond trade or favorable policies; it creates a truly open environment at the highest level in terms of the governance system, legal institutions and technological innovation, amongst others.

Hainan is blessed with a picturesque landscape. Its industrial structure focused around tourism and modern services will not only become an advantage and characteristic for the Hainan Free Trade Port, but also coincide with the rapid trade growth in global services and are in line with the development of many ports toward the service sector. Besides, as a provincial level SEZ, a free trade zone and a port, Hainan enjoys its scale. It also has comprehensive experience and has made such institutional innovations as “province-wide one-stop business registration” and “an integrated big data society governance system.”

All these factors will enable Hainan to become a global center for the trade in services. Meanwhile, as a pivot of the Belt and Road Initiative, the Hainan Free Trade Port will not only promote multilateral free trade and regional economic integration, but also share the benefits brought from China’s development with more countries.

Hainan’s evolution from special economic zone to free trade pilot zone, and now today’s free trade port, not only bears witness to its development, but also the continual opening-up of China, as well as its determination to build an open global economy featuring innovation and inclusiveness. Hopefully, in the future, more companies and talented personnel from around the world will come to the island and share in the benefits of free trade.

China Mosaic
 http://www.china.org.cn/video/node_7230027.htm

Hainan Free Trade Port: A witness to China’s continued opening-up
http://www.china.org.cn/video/2020-04/16/content_75939128.htm

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PR Newswire

Huntkey Sales Event and Helmet Give Away in Vietnam

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HANOI, Vietnam, April 16, 2020 /PRNewswire/ — Huntkey, a leading global provider of power solutions, has officially launched a sales event in Vietnam by giving away free motorcycle helmets to those end-users who buy Huntkey’s PC power supplies and monitors from April 12th to May 15th, 2020.

Huntkey’s Giving Away Helmets in Vietnam:
https://en.huntkey.com/wp-content/uploads/2020/04/Buy-Huntkey-Products-Get-Free-Helmet-1.png

The sales event is operated by Huntkey’s business partner in Vietnam. To better support this event, a large batch of motorcycle helmets was customized for users, and will be a nice gift for riders.

PC power supplies and monitors are the two main product categories of Huntkey. The variety of Huntkey’s PC power supply is quite vast, they are loaded with a wide array of features and offered with different prices to meet the demands of multiplicity. Huntkey also provides a wide range of PC monitors featuring a screen sizes from 18.5- to 34-inches.

For more information of Huntkey power strips, please visit: http://en.huntkey.com/

About Huntkey

Huntkey Enterprise Group, founded in 1995 and headquartered in Shenzhen, is a member of The International Power Supply Manufacturer’s Association (PSMA) and a member of The China Power Supply Society (CPSS). With branch companies in the USA, Japan and other areas, and cooperating factories in Brazil, Argentina, India and other countries, Huntkey has specialized in the development, design, and manufacturing of PC power supplies, industrial power supplies, surge protectors, adapters and chargers for many years. With its own technologies and manufacturing strength, Huntkey has served Lenovo, Haier, DELL, Bestbuy and many other large enterprises for years, and has received unanimous recognition and trust from most of the customers.

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PR Newswire

GSIL and Samsung Engineering Sign Contract for Smart Safety Management System

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SEOUL, South Korea, April 16, 2020 /PRNewswire/ — In mid-March, GSIL, a member company of the Born2Global Centre, signed a new contract with the Korean conglomerate Samsung Engineering for the supply of GSIL’s smart safety management system to the construction site of Samsung Engineering’s Motor Control Center (MCC) at Green Building in Pyeong-taek, South Korea. The purpose of the contract is to implement safety policies and systems for employees who work in stuffy, airtight environments.

GSIL CI
GSIL CI

GSIL independently developed a smart safety management system for the prevention of safety accidents and the elimination of safety “gray areas” at construction sites. The system features a function that can ascertain a worker’s current location as well as an SOS-enabled emergency rescue system.

The system that GSIL will be providing not only tracks worker locations but also uses a large-screen tablet PC, installed at the water tank at each work site, to allow workers to exchange information about their work environment and receive alarms in the event of an accident or other problem. The system collects data and transmits real-time updates on the work environment, providing information on oxygen, carbon monoxide, carbon dioxide, combustible gas, and hydrogen sulfide levels in the water tank. This quick information system makes it possible to prevent injury and fatal accidents related to low oxygen levels or the influx of harmful gases into an airtight setting.

GSIL’s system also provides a timeline of workers entering and exiting the water tank that can be viewed anytime and maintains records on individual workers, indicating whether each worker has completed safety training and has received his/her annual health check-up. The system also features a well-organized rescue system for emergency situations that only requires the worker to press the SOS button on his/her sensor, which then immediately sounds an SOS alarm on all connected mobile and web devices, ensuring that everyone can quickly be made aware of the situation.

On March 20, the Ministry of Land, Infrastructure and Transport (MOLIT) promulgated a revised version of the Enforcement Rule of the Construction Technology Promotion Act that expanded the list of safety management fees that are required for the introduction of smart safety equipment. The revised rule’s addition of establishment/operation fees for safety management systems that utilize wireless communications/equipment to the list of official safety management expenses creates the necessary foundations for the use of cutting-edge technology at construction sites, namely through the application of smart safety equipment (based on IoT, big data, etc.). When passing the revised legislation, the MOLIT stressed its commitment to prioritizing the safety of on-site personnel by establishing a “quick response” basis for the early detection and removal of construction site dangers. The revised enforcement rule is expected to diversify the environments that can be equipped with GSIL’s smart safety management system.

Lee Jung-woo, CEO of GSIL, said, “The Pyeongtaek-Godeok construction site is a very important location in terms of Samsung Electronics’ enlargement of its new semiconductor facilities, which are expected to increase in number over the next ten years. GSIL is anticipating that the construction site will expand through Green building 1 and 2, which are the targets of this most recent contract.” GSIL is preparing the safety management system which can be applied to the confined area, such as the Samsung Engineering Tangjeong site and Samsung Electronics’ wastewater treatment facility.

Founded in 2016, GSIL has established and is operating smart construction management systems for work sites affiliated with the Korea Rail Network Authority (Gangwon branch), Korea Midland Power, and Samsung Engineering. It is also preparing to enter the Middle Eastern market and has already signed an agent contract with a subsidiary of the Bayan National Construction Contracting Company, a general construction company that is based in Kuwait. GSIL is also currently involved in negotiations for the application of its safety system and/or collaborative endeavors related to the F1 circuit (Kuwait Motor Town) and a smart city in Kuwait, PEPCO in the USA, Long Son Petrochemical in Vietnam, and a power plant in Indonesia.

For more detailed information on GSIL, visit http://www.gsil.net/.

Media contact

Jane Shin
Manager, GSIL
jane@gsil.kr

Jina Lee
PR Manager, Born2Global Centre
jlee@born2global.com

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PR Newswire

COVID-19 Pandemic Impact: Workforce Shortages and Uncertainty will Cause 5G Network Infrastructure Revenue to Drop As Much As 10% in 2020

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ABI Research whitepaper identifies the short-and long-term impacts the global pandemic will have on 5G and Mobile Network Infrastructure

OYSTER BAY, New York, April 16, 2020 /PRNewswire/ — The outbreak of COVID-19 has created a crippling effect, not only on service industries, but also on manufacturing enterprises, including 5G infrastructure vendors. Despite the current ongoing discussion on OpenRAN and open networks, most advanced 5G networks still rely on Tier One infrastructure vendors and their supply chain has been disrupted. The shortages of component manufacturing and/or network workforce deployment, such as integration engineers, are the main reasons of this disruption. These disruptions  will cause 2020 5G network infrastructure revenue to fall as much as 10% of the forecasted US$2.1 billion, states global tech market advisory firm, ABI Research.

“The current virus outbreak will likely delay the deployment of advanced 5G NR systems, including Massive Multiple Input, Multiple Output (MIMO) and active antennas that several operators have already started deploying,” explains Jiancao Hou, Senior Analyst at ABI Research. This may mean that operators that have already deployed a significant number of base stations will be in a better position to become early adopters and benefit from an earlier transition from previous generations to 5G, but this will rely on the availability of relevant handsets. In the short term, 5G radio deployments will be delayed further due to geopolitical constraints and COVID-19.

“In the longer term, while 5G’s momentum will be slowed, new use cases will emerge,” says Hou.  It is important for mobile operators to broaden their supply chain and avoid a single-vendor infrastructure market. Apart from that, the effects of the virus outbreak will likely accelerate more innovative use cases and services. “For example, considering a 5G Ultra-Reliable Low-Latency Communications (URLLC) scenario, if surgery and health monitoring can be done remotely, the doctor will not need to physically meet the patient infected with the virus.”

A great lesson has been provided by the virus breakout to both network operators and related authorities. “The former should be able to manage the risk of relying on a few vendors dominating the infrastructure market. The latter should embrace new technologies and understand how these can be used in turbulent times to improve business and society,” Hou recommends.

For a clearer picture of the current and future ramifications of COVID-19 across technologies and verticals, including 5G and Mobile Network Infrastructure, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:

Global
 Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com  

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