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PR Newswire

ChipMOS REPORTS JULY 2023 REVENUE

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HSINCHU, Aug. 10, 2023 /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 July 2023. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.45 to US$1.00 as of July 31, 2023.

Revenue for the month of July 2023 was NT$1,836.2 million or US$58.4 million, representing an increase of 2.7% from June 2023, and a decrease of 5.7% from July 2022.

The Company noted the sequential growth reflects the continued improvement in loading levels of its DDIC high-end test platform, and initial signs of improvement in its Memory business entering the second half of 2023.

Consolidated Monthly Revenues (Unaudited)

July 2023

June 2023

July 2022

MoM Change

YoY Change

Revenues

   (NT$ million)

1,836.2

1,788.1

1,948.0

2.7 %

-5.7 %

Revenues

   (US$ million)

58.4

56.9

61.9

2.7 %

-5.7 %

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (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 is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

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, strategies, 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. 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:

Source: ChipMOS TECHNOLOGIES INC.

PR Newswire

Crowdworks recognized again in the Gartner® Hype Cycle™ for Artificial Intelligence, 2023 and Hype Cycle for Data Science and Machine Learning, 2023

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The Company was recognized among 9 of the Sample Vendors for Data Labeling and Annotation in the 2023 report

SEOUL, South Korea, Aug. 10, 2023 /PRNewswire/ — Crowdworks (CEO Minwoo Park), a leading provider of AI learning data platform, today announced its recognition as a Sample Vendor in the 2023 Gartner Hype Cycle for Data Science and Machine Learning, 2023[1] and Hype Cycle for Artificial Intelligence, 2023,[2] marking its second consecutive year on the list. Crowdworks is listed as a sample vendor along with other notable global Data-Centric AI companies.

Gartner states that: “Gartner’s Hype Cycle depicts a common pattern that occurs when an innovation emerges. An innovation often progresses through a period of overenthusiasm, to a period of disillusionment, to an eventual understanding of the innovation’s relevance and role in a market or domain.”[3].

“The need for better training data has increased to remove the bottleneck in developing AI solutions — especially those particular to generative AI and industry use cases, [4] ” Gartner stated in this year’s report. For generative AI, data is even more critical, and Gartner continued: “Given the typical lack of internal skills and systems, DL&A services and tools are often the best option (by cost, quality and availability) to provide necessary data for best AI results.” [4]

Crowdworks has been at the forefront of driving technological innovation in the AI field by introducing a crowdsourcing approach to data labeling, involving a large community of people in collecting and annotating AI training data. More recently, Crowdworks has expanded its services to include customized AI all-in-one solutions, simplifying the adoption of generative AI for companies.

Looking to the future, Crowdworks is actively working to expand its global market presence through participation in high-profile exhibitions like CES and Viva Technology. Additionally, it anticipates listing on the KOSDAQ next month, demonstrating its commitment to future growth.

“We believe this recognition from Gartner for the two consecutive years authenticates Crowdworks’ commitment to data quality, our innovative business model, and competitiveness in the global market. We are determined to surge ahead as a global leader in providing high-quality AI data solutions,” says Minwoo Park, CEO of Crowdworks.

[1] Gartner, “Hype Cycle for Data Science and Machine Learning, 2023”, Peter Krensky, July 27, 2023.
[2] Gartner, “Hype Cycle for Artificial Intelligence, 2023”, Afraz Jaffri, July 19, 2023.
[3] Gartner, “Understanding Gartner’s Hype Cycles”, Philip Dawson, et al., July 24, 2023.
[4] Gartner, page 98, Data labeling and Annotation, “Hype Cycle for Artificial Intelligence, 2023”, Afraz Jaffri, July 19, 2023.

GARTNER and HYPE CYCLE are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

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

About Crowdworks
Crowdworks has been a pioneering AI training data solution provider in Korea since 2017. Our cutting-edge AI training data platform comes equipped with Auto-ML features, supported by a dedicated 0.5 million qualified labelers. By harnessing the power of human-generated reliable data, Crowdworks drives the swift adoption of Enterprise Generative AI across diverse industries, such as automotive, healthcare, and finance.
en.crowdworks.ai Follow us on LinkedIn.

PR Newswire

Mediballoon’s Online Shop is now live, offering a range of medical balloons and tubing for sale. Mediballoon is your best partner for medical device development.

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UNION CITY, Calif., Aug. 9, 2023 /PRNewswire/ — Mediballoon, Inc., a Medeologix company established in 2016 specializing in medical balloon design, development, and scale-up production, is excited to announce the launch of the Mediballoon Online Shop. This newly unveiled platform caters to engineers, designers, and innovators seeking to rapidly prove their concepts in advanced medical devices, by offering a wide array of balloons and tubing products.

Balloon development center of Mediballoon
Balloon development center of Mediballoon

Mediballoon’s online shop features a user-friendly interface that simplifies the process for customers to quickly select diverse processes, materials, shapes, and sizes, all accessible within an expedited timeframe to complete purchases, effectively eliminating uncertainties during development and enhancing the shopping journey. “We understand the eagerness to promptly prove the concept, especially in today’s rapidly evolving environment where time is crucial,” stated Anant Hegde, the founder, and CEO of Mediballoon, Inc. Mediballoon’s online shop ensures rapid shipment within 48 hours, meeting the demands of today’s fast-paced world.

With 25 years of experience, Mediballoon excels in the field of balloon and tubing development. This expertise spans balloon tubing, single lumen catheter tubing, multi-lumen tubing with up to 8 lumens, and heat shrink tubing. Mediballoon’s expertise is now complemented by its comprehensive one-stop-shop service, effectively alleviating numerous challenges engineers encounter. This service includes rapid prototyping, engineering assistance, pilot production, and scale-up production, all aimed at providing straightforward solutions that swiftly transform innovative ideas into tangible medical advancements.

Mediballoon also offers a seamless transition from pilot production to a mass production site in Taiwan. With engineering excellence, sourcing, and supply chain integration, the Taiwan mass production facility enhances cost-effectiveness, improves efficiency, and enables faster responses to market demands. “Whether you need support for quick component development or moving towards mass production, Mediballoon is your best partner in balloon manufacturing and extrusion,” said Hegde.

For more information, please visit:
Mediballoon Online Shop: www.medeologix.com/online-shop
Mediballoon Website: www.medeologix.com/mediballoon

About Mediballoon, Inc.

Mediballoon is an expert in extruding medical tubing and developing medical balloons in different shapes and sizes using various thermoplastic materials including Polyurethane, Polyethylene, Polyvinylidene fluoride (PVDF), Polybutylene terephthalate (PBT), Polyethylene terephthalate (PET), PEBAX, and Nylons.

Mediballoon has received ISO 13485:2016 certification, underscoring their dedication to delivering safe and effective medical solutions for the ultimate benefit of patients.

PR Newswire

Amid record youth unemployment, over half of Arab youth in the Levant and North Africa want to emigrate for better opportunities: 15th annual ASDA’A BCW Arab Youth Survey

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DUBAI, UAE, Aug. 9, 2023 /PRNewswire/ — Over half of Arab youth in the Levantine and North African countries say they are actively trying to leave or are considering leaving their country for better opportunities. The desire to emigrate is strongest among young men and women in the Levant (53%) followed by North Africa (48%), with the primary goal of finding a job.

Over half of Arab youth in North Africa and Levant want to leave their home country
Over half of Arab youth in North Africa and Levant want to leave their home country

On the other hand, just over a quarter (27%) of youth in the Gulf Cooperation Council (GCC) states say they have considered emigration, with a majority saying they would ‘never leave their country.’

Most Arab youth say they would like to emigrate to Canada (34%), with the United States (30%) coming a close second, followed by Germany and the UK (both on 20%) and France at 17%.  

These are some of the key findings under the theme ‘My Aspirations’ in the 15th annual ASDA’A BCW Arab Youth Survey, the most comprehensive study of its kind of the Arab world’s largest demographic, its over 200 million youth, conducted by ASDA’A BCW, the Middle East and North Africa’s leading communications consultancy.

The desire to emigrate corresponds with the bleak economic outlook in many Arab nations. Nearly three-quarters (72%) of young Arabs in the Levant, and about two-thirds (62%) in North African countries surveyed  said their national economy is going in the ‘wrong direction’.

In the GCC, however, youth remain extremely optimistic, with nearly nine in 10 (88%) saying their country’s economy is headed in the ‘right direction’.

With youth unemployment in the Middle East exceeding 25% – the highest and fastest-growing in the world, according to the International Labour Organisation – getting a job is understandably a priority for young Arabs. Among those who said they are actively considering emigration, nearly half (49%) said the reason was to ‘look for a job.’

Despite their fears about their national economy, more than two-thirds (69%) of Arab youth believe their best days lie ahead of them, a 5% increase over 2022. Youth in the GCC are the most hopeful (85%), followed by those in North Africa (64%) and the Levant (60%).

Sunil John, President, MENA, BCW and Founder of ASDA’A BCW, said: “The increasing number of Arab youth seeking greener pastures abroad reveals two of their important characteristics: One, their disappointment in the lack of opportunities at home – for a good education and a successful career, and two, their eagerness to shape their own destiny.

“Youth emigration is a huge drain on the economy of the Arab world, which must be stopped if the region is to benefit from the youth dividend. The region is one of the youngest in the world with over 60% of its population, over 200 million, below the age of 30,” added John.

“Despite the bleak economies in North Africa and Levant, what shines through is the youthful exuberance of being optimistic of the future. This is evident in most young Arabs being defiantly hopeful about their chances for a better life. These findings underline that Arab countries must focus on creating the right enabling environment for young people to thrive – the responsibility for this lies with both the government and the private sector.”

ASDA’A BCW commissioned SixthFactor Consulting, a leading research company, to conduct face-to-face interviews with 3,600 Arab citizens aged 18 to 24 in their home nations from March 27 to April 12, 2023.

The initial findings of the 2023 edition of the ASDA’A BCW Arab Youth Survey, under the themes My Aspirations, My Global Citizenship, My Politics, My Livelihood and My Identity, are available with expert commentaries at arabyouthsurvey.com. The overarching theme of this year’s study is ‘Living a New Reality’.

Canada, US, Germany, the UK and France are the top destinations young Arabs like to move to
Canada, US, Germany, the UK and France are the top destinations young Arabs like to move to
PR Newswire

Australia’s ISPT Uses SS&C to Advance Property Trust Performance Measurement

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SS&C Sylvan meets diverse requirements of leading property manager of superannuation funds

WINDSOR, Conn., Aug. 9, 2023 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced ISPT, one of the largest property fund managers in Australia, has implemented SS&C Sylvan for performance measurement and attribution.

ISPT is one of Australia’s largest unlisted property fund managers, with more than AUD22 billion in funds under management through investments in commercial, retail, industrial, education, health, social infrastructure and residential development. SS&C Sylvan, a market-leading, cloud-based performance measurement and attribution solution, replaced ISPT’s proprietary system to automate and optimize processes.

“SS&C Sylvan has delivered value from the outset. The flexible system caters to our unique industry’s needs while providing our teams with more time and insights to focus on strategic investments to benefit our investors,” said Damien Damiano, Senior Manager, Performance and Investor Reporting, ISPT. “The solution’s capabilities—full transparency of returns, metrics reconciled to the accounting source and rich reporting dashboards—are matched by SS&C’s robust professional service competencies, including a fast, efficient implementation.”

Sylvan now automates ISPT’s data ingestion and simultaneously calculates capital and income returns at the fund and individual property levels. Additionally, Sylvan provides enhanced attribution analytics to accommodate ISPT’s property-specific hierarchy through cloud-based customizable dashboards and flexible self-service reporting.

As part of the implementation, Sylvan integrated ISPT’s accounting book of records (ABOR) by onboarding all historical transactions and property valuations and reconciling data to the original source of truth. Sylvan’s robust transaction mapping capabilities support the automated ingestion of all holdings and transaction records. Sylvan’s user-defined attribution (UDA) tool, which lets users modify methodologies to match firm-specific processes and create bespoke methodologies, helps ISPT satisfy diverse property performance and reporting requirements.

“We are pleased Sylvan’s award-winning flexibility accommodates a wide range of requirements to help ISPT keep pace with varied property investments,” said Christy Bremner, Senior V.P. and General Manager, SS&C Technologies. “Through effective project scoping, communications and management, we delivered an implementation to bring ISPT timely reporting and deeper insights without having to increase headcount or resort to additional tools.”

Learn more about SS&C Sylvan here.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

SOURCE: SS&C

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, LinkedIn and Facebook.

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PR Newswire

Wavemaker Announce Xiaohongshu SEED+ Product Seeding Solution

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SHANGHAI, Aug. 8, 2023 /PRNewswire/ — Wavemaker, in partnership with social media platform Xiaohongshu, recently unveiled the Xiaohongshu SEED+ Product Seeding Solution. The initiative includes three key modules: the Precise Insight Methodology for Growth Opportunity, the Effective Approach to the Media Mix, and the Optimization of the Scientific Evaluation System. The debut module, the Precise Insight Methodology for Growth Opportunity, employs data analysis to provide insights into the platform’s ecosystem, enabling brands to accurately identify growth opportunities with new communication track and implement precise, science-based product endorsement strategies.

Evolving product seeding to a scientific level and transforming the marketing strategy landscape

As the digital landscape evolves, Xiaohongshu has emerged as a crucial platform for brands to showcase, recommend and promote products. The diminishing benefits from internet traffic necessitate a move from traffic-centric marketing to data-driven, science-based product promotion strategies.

As brand marketing extends beyond mere product promotion, brands now view Xiaohongshu as a comprehensive strategic partner rather than a mere product seeding  platform. By leveraging the platform’s extensive media resources, brands also aim to provide potential customers with data-driven, scientifically backed product seeding experience. The approach augments promotional effectiveness and fosters a holistic approach to platform marketing.

At its annual Business Conference, Xiaohongshu underscored the significance of these data-driven product endorsement strategies by introducing its science-based product seeding concept. To capitalize on its data insight platform – Lingxi, Xiaohongshu and Wavemaker embarked on a joint project to create a practical, science-based solution They initiated the collaboration by brainstorming on how to better deliver data analysis, insight diagnostics, the marketing mix and optimization of the evaluation system, resulting in the SEED+ Product Seeding Solution, a response to Xiaohongshu’s precision marketing challenges.

An insightful approach to tackling brands’ marketing challenges

The SEED+ Product Seeding Solution comprises three key parts, with the Precise Insight Methodology forGrowth Opportunity forming the first step in building a holistic marketing journey. The methodology, based on the analysis of multiple data points, including brand tone of voice as well as product and audience characteristics, delivers precise data analytics and insights for brand marketing. It offers a useful, instructive, and science-based roadmap for the collaboration with Xiaohongshu.

With its extensive experience and data capabilities, Wavemaker offers precise placement analysis and seeding for diverse growth opportunity by transforming its case study experience into quantifiable data. This pragmatic and instructive approach ensures that the methodology is not merely theoretical but rather addresses tangible challenges that Xiaohongshu encounters in real-world collaborations. The challenges include new product launches, product updates, the media mix and optimization of the evaluation system. Through accurate measurement and defining of growth opportunity, Wavemaker provides brands at different stages in their development cycles with science-based approaches and targeted growth strategies, enhancing the effectiveness of product seeding.

The Precise Insight Methodology for Growth Opportunity  has been effectively deployed in several brand marketing campaigns, with Wavemaker’s assistance to L’Oréal Travel Retail serving as a prime example. By analyzing consumer content preferences, search behavior as well as beauty and skincare trends observed on Xiaohongshu, Wavemaker provided a scientifically backed solution for L’Oréal’s new product incubation model targeting the platform. This approach quickly raised the visibility of L’Oréal Paris Midnight Serum and the brand’s Hainan pop-up shop, capturing the attention of Xiaohongshu’s young female audience, as well as beauty and travel enthusiasts.

Groundbreaking collaboration facilitates the creation of a comprehensive seeding-based marketing system

As part of the strategic collaboration, GroupM China and Xiaohongshu first decided on the Joint Business Partnership (JBP) framework in tandem with setting goals for further collaborations involving business strategy, science and technology, innovative solutions, and capacity building.

One of the first results of the collaboration is the SEED+ Product Seeding Solution. The initiative, based on data empowerment, aims to further optimize Xiaohongshu’s data insights while providing brands with comprehensive, precise marketing solutions, delivering a more science-based, targeted, and enhanced seeding experience. This partnership marks a significant milestone as it represents the first strategic collaboration between a 4A agency and Xiaohongshu in the industry.

The strategic partnership centers around data empowerment. With the SEED+ Product Seeding Solution, Wavemaker seeks to improve the seeding effectiveness of brands by utilizing data processing to address Xiaohongshu’s seeding system’s shortcomings through a vast expansion in how the data is analyzed and leveraged. In particular, Wavemaker, by combining the platform’s extensive user data and resources with the firm’s proprietary data tools and third-party professional data platforms, conducts in-depth consumer, brand and sector analysis.  

The SEED+ Product Seeding Solution provides a complete marketing framework that leverages data as its underlying logic to enable evidence-based product seeding. The all-inclusive system not only enhances the accuracy of seeding but also assists platforms in providing resource integration strategies and suggestions, including stream seeding, keyword search enhancement and IP event marketing. The ultimate goal is to build a complete seeding-based marketing system.

The strong alliance with Wavemaker enables Xiaohongshu to achieve sustainable and effective conversions

Wavemaker China CEO Jose Campon stated that as the first 4A agency to form a strategic partnership with Xiaohongshu, Wavemaker is well-positioned to explore ways to help brands achieve their growth goals by fully utilizing the lifestyle platform.

Given a longstanding demand for promoting products via Xiaohongshu, brands have been exploring a science-based business model for content marketing. Riki Li, Wavemaker’s Chief Transformation Officer, explained that the firm’s collaboration with Xiaohongshu is a full-spectrum marketing partnership. By leveraging the platform’s data insights and an in-depth commitment to the consumer-centric journey, the partnership aims to create a precise branded content experience and attain conversion outcomes, added Li. The successful tie-ups with L’Oréal Travel Retail and CK have given both parties the confidence to explore further communication and business opportunities for customers in the future. Built on this success, Wavemaker will continue to work closely with Xiaohongshu in an effort to further leverage the benefits of integrated marketing across the entire supply chain, with the aim of aiding brands in attaining sustainable growth.

“Xiaohongshu’s natural Human2Human community boasts a large number of users who frequently communicate their product needs, enabling brands to connect with consumers through compelling content,” noted Yuan Lang, Head of Xiaohongshu Commercial Agency Partnership. “Over the past few years, the platform has assisted in the growth of numerous superior products across various sectors. We talk about the most successful of these products in the ‘Seeding Case’ section on our platform.”

Leveraging its alliance with Wavemaker, Xiaohongshu has adeptly utilized its data capabilities to engineer unique marketing strategies. The platform eagerly anticipates offering brands finely-tuned marketing approaches, each meticulously designed to fit distinct product life cycles. By highlighting quality products on the e-commerce platform, brands acquire a promising launchpad for exponential growth. Moving forward, Wavemaker plans to capitalize on its strengths in integrated marketing to encourage data-driven expansion while steadfastly aiding and empowering platforms and brands. The ultimate aim is to provide a laser-focused and impactful marketing experience.   

PR Newswire

The GrowHub Innovations Company and CARENESS Join Forces to Introduce Traceability Technologies to Premium Skincare Products in Asia

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SINGAPORE, Aug. 8, 2023 /PRNewswire/ — The GrowHub Innovations Company (“The GrowHub”), a leading Singapore-based technological firm specializing in transparent and sustainable supply chain management, announced a groundbreaking partnership with CARENESS, the prestigious skincare division of Koufuku Group. This strategic alliance will see the integration of The GrowHub’s cutting-edge traceability technologies into CARENESS’s premium range of skincare products. As a result, these products will be made available for consumers both online and in premium department stores in Singapore. Additionally, this partnership signifies The GrowHub’s successful entry into the Japanese market, a tightly-knitted community.

Left to Right: The GrowHub CEO Lester Chan, alongside CARENESS CEO Saori Kitamoto
Left to Right: The GrowHub CEO Lester Chan, alongside CARENESS CEO Saori Kitamoto

The collaboration between The GrowHub and CARENESS has grown significantly since last September when the two companies embarked on a joint project to penetrate new markets using GrowHub’s proprietary Web3 technology. The initial venture resulted in the successful introduction of Koufuku Group’s food products into Singapore’s market. Building upon this achievement, the newly formed agreement will further strengthen the partnership between The GrowHub and CARENESS.

CARENESS, renowned for its exceptional skincare products, has earned a reputation in Japan for its unwavering focus on production details and the highest quality ingredients. By adopting The GrowHub’s traceability technologies, CARENESS aims to provide consumers with an unprecedented level of transparency into their product qualities.

“We are honored to be working with CARENESS, and I am deeply impressed by the meticulous attention they devote to their products,” stated Lester Chan, CEO of The GrowHub. “Our technologies will empower CARENESS to showcase their exceptional product qualities to consumers, reinforcing their commitment to excellence.”

The GrowHub envisions a long-term partnership with CARENESS, fostering mutual growth and a shared dedication to sustainability and transparency in the beauty and skincare industry.

CARENESS’ CEO, Ms. Saori Kitamoto, expressed her enthusiasm for the partnership, stating. “We are excited to join forces with The GrowHub in introducing traceability technologies to our premium skincare products. This collaboration represents a significant step forward in our journey to provide consumers with the utmost confidence in our products.”

About The GrowHub Innovations Company: The GrowHub Innovations Company is a leading Singapore-based technological firm dedicated to providing cutting-edge solutions for transparent and sustainable supply chain management. As the Asia Pacific’s only Web 3-enabled plug-and-play ecosystem builder, The GrowHub focuses on traceability, data insights, and carbon credits. Leveraging blockchain technology, the company ensures full traceability throughout the supply chain, empowering businesses with data-driven insights for a more connected and responsible future.

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ASTM decision brings 100% SAF certification within reach

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STOCKHOLM, Aug. 8, 2023 /PRNewswire/ — Swedish Biofuels AB announced today that the ASTM International Committee has accepted the use of C2 to C5 alcohols as feedstock for the alcohol-to-jet (ATJ) pathway as well as a new specification for fully formulated aviation fuel with aromatics.

The ASTM International Committee D02 on Petroleum Products, Liquid Fuels, and Lubricants and Subcommittee D02.J on Aviation Fuel passed a concurrent ballot late June extending ASTM D7566, Standard Specification for Aviation Turbine Fuel Containing Synthesized Hydrocarbons, by a new Annex 8 submitted by Swedish Biofuels AB. When published, the revised issue of D7566 will be numbered D7566-23a and will display the specification of alcohol to jet synthetic paraffinic kerosene with aromatics (ATJ-SKA) produced by Swedish Biofuels technology and using single C2 to C5 alcohols or a combination of two or more C2 to C5 alcohols as feedstock for the process.

Unlike previously approved pathways, the Swedish Biofuels pathway is not limited to a single feedstock and includes the production of aromatics. With the ability to flexibly vary the amount of aromatics, the fuel produced by Swedish Biofuels is completely indistinguishable from fossil kerosene in its composition and properties. Even though D7566-23a currently only permits use of the jet fuel produced as a 50% blend with fossil kerosene, it is an important milestone in the sustainability journey and a short reach to 100% certification. Once D7566-23a is published by ASTM, it will be eligible as a standard to be used for fuel production for commercial airlines. It is estimated that these final actions will be completed by ASTM in Q3 2023.

About Swedish Biofuels

Swedish Biofuels delivers engineering solutions, process architecture and science for the production and conversion of alcohols to transport fuels and valuable chemicals from sustainable feedstocks. The company is the inventor of the original Alcohol to Jet technology (ATJ), patented in 2004 for the production of fully formulated sustainable aviation fuels from alcohols (SAF). The company has produced, sold and delivered fully formulated SAF for tests, certification and demonstration programs in the US, UK, Sweden and Germany.

The trade name of Swedish Biofuels ATJ SAF production technology is PureSAFSM. Swedish Biofuels has an alliance with KBR to offer PureSAFSM sustainable aviation fuel technology to the market. In addition to processing ethanol and other alcohols, this technology can also convert carbon dioxide and synthesis gas to SAF, thereby expanding opportunities to utilize captured carbon for a cleaner, greener future. Validation of this advanced technology was performed in conjunction with the Defense Advanced Research Projects Agency (DARPA) at Wright-Patterson Air Force Base, and the Swedish Defence Materiel Administration (FMV) at GKN Aerospace Sweden.

www.swedishbiofuels.se

PR Newswire

Vipshop to Announce Second Quarter 2023 Financial Results on August 18, 2023

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GUANGZHOU, China, Aug. 7, 2023 /PRNewswire/ — Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China (“Vipshop” or the “Company”), today announced that it plans to release its second quarter 2023 financial results on Friday, August 18, 2023, before the US market open.

The Company will hold a conference call on Friday, August 18, 2023 at 7:30 am US Eastern Time, 7:30 pm Beijing Time to discuss the financial results.

All participants wishing to join the conference call must pre-register online using the link provided below.

Registration Link: https://register.vevent.com/register/BIa5ce1fd594754eeb9ce17294566f615c

Once pre-registration has been completed, each participant will receive dial-in numbers and a unique access PIN via email. To join the conference, participants should use the dial-in details followed by the PIN code.

A live webcast of the earnings conference call can be accessed at https://edge.media-server.com/mmc/p/xoxhojmv. An archived webcast will be available at the Company’s investor relations website at http://ir.vip.com.  

About Vipshop Holdings Limited

Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit https://ir.vip.com/. 

Investor Relations Contact

Tel: +86 (20) 2233-0732
Email: IR@Vipshop.com

PR Newswire

LG Display Wins 2023 Bosch Global Supplier Award

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SEOUL, South Korea, Aug. 7, 2023 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today that it has received a ‘Bosch Global Supplier Award.’ The company receives this prestigious award in the category “raw materials and components”, demonstrating its unmatched leadership in the automotive display market.

LG Display Wins 2023 Bosch Global Supplier Award
LG Display Wins 2023 Bosch Global Supplier Award

The Bosch Group, a global leading supplier of technology and services, reserves its “Bosch Global Supplier Award” for only 46 suppliers from 11 countries of roughly 35,000 suppliers worldwide in this year, recognizing the most outstanding performers in the manufacturing and supply of raw materials, products, and services on a biennial basis since 1987.

LG Display and Bosch have engaged in a decade of strategic collaborations since 2012, during which LG Display has demonstrated distinctive technical capabilities, stringent quality management, and reliable supply capabilities. The company is well known for successful incorporating automotive OLED displays into premium automotive brands’ next generation of projects.

As a leading global supplier of digital clusters (instrument clusters) and center fascias (central control units) to top-tier automotive component makers and original equipment manufacturers (OEMs), LG Display continues to lead the market having achieved the highest global market share for the 5th consecutive year from 2018 to 2022 – based on revenue generated by premium automotive displays measuring 10 inches or larger.

LG Display leverages its technological prowess in automotive OLEDs and high-end LCD displays to expand sales and orders while enhancing its position as the industry’s global leader.

LG Display set a new standard for mobility when it introduced the world’s first Tandem OLED for automotives back in 2019. Tandem OLED embodies its groundbreaking two-stack OLED technology, where an extra organic emitting layer is added to the existing layer to deliver brighter screens while effectively dispersing energy across OLED components for optimal stability and a longer lifespan. LG Display will start mass-producing its second-generation Tandem OLED, which heightens the efficiency of organic light-emitting components, this year to further widen the technological gap between itself and competitors.

P-OLED is LG Display’s unique technology that incorporates innovative Tandem OLED into a flexible plastic substrate to make the design slim and light while maintaining unrivaled picture quality unique to OLEDs. P-OLED uses 60% less power and weighs 80% lighter than LCD displays, making it the ultimate solution for electric vehicles in particular. Moreover, the company’s automotive P-OLED has received the Eco-Product Certification Mark from SGS, a global leader in inspection, verification, testing, and certification, recognizing their excellence in minimizing the use of hazardous substances.

Moreover, LG Display has been strengthening its competitive edge in the market with its various products and technologies, including ATO (Advanced Thin OLED), which delivers the core strength of OLED for automotive displays at a more competitive price point, LTPS LCD, which excel in large-scale implementation and high-resolution rendering, IPS (In-Plane Switching), which significantly enhanced the viewing angles, SPM (Switchable Privacy Mode), which controls a viewing angle for safe driving. What’s more, it has become the first in the industry to introduce a flame-resistant certification program to every automotive panel in order to boost safety and stability.

“We are extremely proud to have been recognized as automotive display maker by Bosch. This award acknowledges our endless pursuit of the perfect customer experience, a journey that promotes innovation at every step of the way which enables us to deliver unparalleled technologies, quality, and support to our customers,” said Byeong-koo Kim, Senior Vice President and Head of Auto Business Group at LG Display. “We will continue to strengthen our order-based business’s competitiveness based on our revolutionary technologies, especially P-OLED and LTPS LCD.”

About LG Display

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

Media Contact:

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

Joo Yeon Jennifer Ha, Manager, Global PR Team
Email: hjy05@lgdisplay.com