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PR Newswire

Sennheiser new product XS Lav mics providing a simple and effective audio solution for vloggers and podcasters

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BEIJING, Aug. 20, 2021 — There probably isn’t a faster and simpler way to add a high-quality vocal track to videos: Just clip on Sennheiser’s new XS Lav mic, connect it to the mobile device or computer and start rolling. Whether users are podcasting, recording a voice-over, interviewing or vlogging – this omni-directional clip-on mic will deliver clear and natural sound. Available as XS Lav Mobile with TRRS connector, XS Lav USB-C with USB-C connector, and XS Lav USB-C Mobile Kit with an additional Manfrotto PIXI Mini Tripod and Sennheiser Smartphone Clamp.

"Simple, straightforward audio recording and a clearly noticeable upgrade in sound quality – this is what the XS Lav family will give you," says Nicole Fresen, Product Manager at Sennheiser. "These mics will become your indispensable audio companions for content creation."

Mic up like a pro

Upgrading the audio is in fact one of the most efficient ways to improve the overall quality of the content. The built-in microphones of mobile devices and laptops simply don’t perform well enough as they are caged within the device’s housing and capture environmental sounds in addition to the voice. This also requires users to remain at the same distance from the device for consistent audio levels and sound quality.

Using a dedicated microphone from the XS Lav family will reveal all the difference that a lavalier microphone can make. By placing the microphone closer to the sound source, users are able to isolate their voice and attenuate distracting noise from the surrounding environment. Despite the cable, it also gives users more freedom to move in front of the camera without deteriorating the audio, making listening an enjoyable experience for the audience.


Furthermore, the omni-directional lavalier microphone is a commonly used type in professional broadcast applications. Being able to discreetly clip the mic to clothing offers a professional look and enhanced sound.

Simple and effective

XS Lav is hassle-free – the smartphone or computer will power the microphone and automatically switch from the internal mic. All is need is to plug the 2m cable into the device and users will be ready to record. A standard USB-C to USB-A adapter will make the XS Lav ready for legacy products, too. For video conferencing, simply choose XS Lav USB-C, as the 3.5 mm jack on XS Lav Mobile will disable the device’s audio output.

Versions and accessories

All XS Lav mics include a microphone clip, removable foam windshield and a draw-string storage pouch as a standard. The XS Lav USB-C Mobile Kit additionally contains a Sennheiser Smartphone Clamp and Manfrotto PIXI Mini Tripod.

About Sennheiser

Shaping the future of audio and creating unique sound experiences for customers – this aim unites Sennheiser employees and partners worldwide. Founded in 1945, Sennheiser is one of the world’s leading manufacturers of headphones, loudspeakers, microphones and wireless transmission systems. Since 2013, Sennheiser has been managed by Daniel Sennheiser and Dr. Andreas Sennheiser, the third generation of the family to run the company. www.sennheiser.com

Discreet and effective: the XS Lav mics will improve audio quality and provide a professional look and feel
Discreet and effective: the XS Lav mics will improve audio quality and provide a professional look and feel

PR Newswire

Ninja Survey Finds Gen Z and Millennial Parents Are Bored with Their Recipe Rotation and Looking to Spice Things Up

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Ninja launches Ninja® Foodi® XL Pressure Cooker Steam Fryer with SmartLid™ to make cooking easier, faster, juicier and crispier results in one Multicooker+

NEEDHAM, Mass., Aug. 18, 2021 — Ninja (HKEX: 1691.HK), the brand in small kitchen appliances*, announced findings from its recent survey surrounding what people look for when cooking and sources of cooking inspiration. While people have been cooking more over the past year, the survey found that a majority of Gen Z and Millennial parents wish they knew more recipes (79%)** and most feel like they cook the same meals all the time (77%).

The survey also found that:

  • 74% of Millennials want to feel more confident in the kitchen, including 80% of Millennial parents
  • Nearly half of Millennials say they are bored with the recipes they know; this boredom increases to 56% when looking at Gen Z and Millennial parents
  • 73% of Gen Z and Millennial parents are looking for recipe inspiration
  • One third of Gen Z and Millennial parents prioritize meals that are quick to make
  • 40% of Gen Z and Millennial parents have trouble following recipes (compared to only 25% of total surveyed)

To help combat kitchen fatigue, today, Ninja unveils its newest innovation, the Ninja® Foodi® XL Pressure Cooker Steam Fryer with SmartLid™ which offers an efficient way of cooking with its SteamCrisp™ Technology and SmartLid™.  It has three different cooking modes – pressure cook, air fry, and SteamCrisp™ – and 14 cooking functions all under one SmartLid™. Using the SteamCrisp™ Technology, unlock the juiciest way to air fry, prepare 1-touch meals up to 40% faster++, and bake artisan breads and cakes up to 25% faster***.

The Ninja® Foodi® XL Pressure Cooker Steam Fryer with SmartLid™ offers three cooking modes and 14 cooking functions under one lid. It is available in an 8-qt capacity for $329.99 at NinjaKitchen.com.
The Ninja® Foodi® XL Pressure Cooker Steam Fryer with SmartLid™ offers three cooking modes and 14 cooking functions under one lid. It is available in an 8-qt capacity for $329.99 at NinjaKitchen.com.

As consumers are eager for new food ideas and gaining kitchen confidence, Ninja released its inaugural SmartLid™ SmartList, a quintessential compellation of modern recipes and food prep techniques to enable home cooks to keep their bustling kitchen bursting with delicious inspiration and cook more efficiently.

Ninja also partnered with Eitan Bernath, a chef, digital content creator and principal culinary contributor for the "Drew Barrymore Show" on CBS, to share tips on how to make cooking easier and more fun with Ninja’s latest product innovation.

"I’m excited to partner with Ninja to share cooking tricks and highlight the new Ninja® Foodi® XL Pressure Cooker Steam Fryer with SmartLid™," said Eitan Bernath. "It makes cooking easier, more efficient and fun, which people are craving as they’re busy returning to the office and kids are going back to school."

The Ninja® Foodi® XL Pressure Cooker Steam Fryer with SmartLid™ is available in an 8-qt capacity for $329.99 at NinjaKitchen.com. Its 14 functions include:

  • Pressure Cook
  • Steam & Crisp
  • Steam & Bake
  • Air Fry
  • Broil
  • Bake/Roast
  • Dehydrate
  • Sear/Sauté
  • Steam
  • Sous Vide
  • Slow Cook
  • Yogurt
  • Keep Warm
  • Proof

SmartLid™ represents the latest example of the synergies found between SharkNinja and Joyoung engineering teams, (under the parent company, JS Global Lifestyle) whose collaboration on this project have allowed us to bring this exciting new product to the world.

**All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 1260 adults. Fieldwork was undertaken between 21st – 22nd July 2021. The survey was carried out online. The figures have been weighted and are representative of all US adults (aged 18+) with a margin of error of +/- 3% at 95% confidence.

++ Versus traditional cooking methods

***Versus traditional oven

+ Vesus Ninja Foodi OL601 in Dry Mode Only

About Ninja: 

What we believe 

You can make it. 

Ninja believes that if you want to cook at home, you can. If you want to experiment more with recipes and ingredients, you can. If you want to cook dinner every single night, you can. If you want to be proud of what you’re serving your family, you, without a doubt, can. We design tools and appliances that help you achieve endless opportunities with food, regardless of how much experience you have. It is our belief that if you have the desire to cook, that you can make it, and we’re here to help you do it in ways that are fast, easy, and delicious.

PR Newswire

AiHuiShou International Co. Ltd. Reports Unaudited Second Quarter 2021 Financial Results

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SHANGHAI, Aug. 17, 2021 — AiHuiShou International Co. Ltd. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. 

Second Quarter 2021 Highlights

  • Total net revenues grew by 56.2% to RMB1,867.7 million (US$289.3 million) from RMB1,195.8 million in the second quarter of 2020.
  • Loss from operations was RMB507.3 million (US$78.6 million), compared to RMB116.0 million in the second quarter of 2020. Adjusted loss from operations (non-GAAP)[1] was RMB51.0 million (US$7.9 million), compared to RMB36.6 million in the second quarter of 2020.
  • Total Gross Merchandise Volume ("GMV[2]") increased by 69.6% to RMB7.8 billion from RMB4.6 billion in the second quarter of 2020. GMV for product sales increased by 72.7% to RMB1.9 billion from RMB1.1 billion in the second quarter of 2020. GMV for online marketplaces increased by 68.6% to RMB5.9 billion from RMB3.5 billion in the second quarter of 2020.
  • Number of consumer products transacted[3] increased by 27.9% to 7.8 million from 6.1 million in the second quarter of 2020.

[1] See "Reconciliations of GAAP and Non-GAAP Results" for more information.

[2] "GMV" represents the total dollar value of goods distributed to merchants and consumers through transactions on the Company’s platform in a given period for which payments have been made, prior to returns and cancellations, excluding shipping cost but including sales tax.

[3] "Number of consumer products transacted" represents the number of consumer products distributed to merchants and consumers through transactions on the Company’s PJT Marketplace, Paipai Marketplace and other channels the Company operates in a given period, prior to returns and cancellations, excluding the number of consumer products collected through AHS Recycle; a single consumer product may be counted more than once according to the number of times it is transacted on PJT Marketplace, Paipai Marketplace and other channels the Company operates through the distribution process to end consumer.

Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are pleased to deliver robust financial and operational results in our first quarterly earnings release as a public company. Our NYSE listing in June marked a paramount milestone following a decade of commitment and effort to fulfill our mission to give a second life to all idle goods. During the quarter, we further upgraded our pre-owned consumer products supply chain and automated operation capabilities, elevating the efficiency of pre-owned consumer electronics transactions on our platform. Meanwhile, we continued to empower small merchants in mid- and lower-tier cities and optimize the consumer experience. By leveraging our proprietary technology and services along with the pre-owned electronics supply chain we have established, we are well-positioned to increase the overall penetration and circulation rate of pre-owned consumer electronics in China, and to generate sustainable value for our shareholders and society while supporting the development of China’s circular economy."

Mr. Rex Chen, Chief Financial Officer of ATRenew, added, "In the second quarter of 2021, our GMV and revenue both maintained strong momentum. Our proprietary system for automated inspection, grading, and pricing serves as the essential technical foundation to empower small merchants and provide optimal transaction services for our PJT Marketplace and Paipai Marketplace. Notably, revenue contribution from services during the quarter continued to increase, further demonstrating our economies of scale. Looking ahead, we will continue to invest in our operations and automation technology upgrades to provide consumers and merchants with optimal trade-in and consignment experiences. Utilizing our combined resources with strategic partners, we will continue to expand the presence of our recycling, trade-in, and multiple-device trade-in within our ecosystem."

Second Quarter 2021 Financial Results

REVENUE

Total net revenues increased by 56.2% to RMB1,867.7 million (US$289.3 million) from RMB1,195.8 million in the same period of 2020.

  • Net product revenues increased by 53.1% to RMB1,603.4 million (US$248.3 million) from RMB1,047.2 million in the same period of 2020. The increase was attributable to an increase in the sales of pre-owned consumer electronics through PJT Marketplace, Paipai Marketplace and the Company’s offline trade-in channels. GMV for product sales increased by 72.7% to RMB1.9 billion from RMB1.1 billion in the second quarter of 2020.
  • Net service revenues increased by 77.9% to RMB264.3 million (US$40.9 million) from RMB148.6 million in the same period of 2020. The increase was primarily due to the increases in transaction volume on PJT Marketplace and Paipai Marketplace and an increase in the average commission rate. GMV for online marketplaces increased by 68.6% to RMB5.9 billion from RMB3.5 billion in the second quarter of 2020.

OPERATING COSTS AND EXPENSES

Operating costs and expenses increased by 81.0% to RMB2,379.4 million (US$368.5 million) from RMB1,314.4 million in the same period of 2020. The increase was primarily due to the Company’s business growth and the immediate recognition of share-based compensation expense of RMB378.4 million (US$58.6 million) resulting from restricted share units and options granted to the management immediately prior to the IPO and options granted to employees with an IPO condition.

  • Merchandise costs increased by 56.9% to RMB1,395.4 million (US$216.1 million) from RMB889.5 million in the same period of 2020. The increase was primarily due to the growth in product sales.
  • Fulfillment expenses increased by 84.4% to RMB275.5 million (US$42.7 million) from RMB149.4 million in the same period of 2020. The increase was primarily due to (i) an increase in personnel cost in connection with the Company’s growing business and the immediate recognition of share-based compensation expense of RMB42.5 million (US$6.6 million) resulting from options granted to employees with an IPO condition; and (ii) the increases in logistics expenses and operation center related expenses which were in line with the increase in sales of pre-owned consumer electronics.
  • Selling and marketing expenses increased by 60.3% to RMB316.3 million (US$49.0 million) from RMB197.3 million in the same period of 2020. The increase was primarily due to (i) an increase in personnel cost in connection with the Company’s growing business and the immediate recognition of share-based compensation expense of RMB26.3 million (US$4.1 million) resulting from options granted to employees with an IPO condition; and (ii) an increase in sales commissions in connection with traffic acquisition and sourcing of pre-owned devices.
  • General and administrative expenses increased by 593.2% to RMB310.3 million (US$48.1 million) from RMB44.8 million in the same period of 2020. The increase was primarily due to the share-based compensation expense of RMB220.1 million (US$34.1 million) in connection with the restricted share units and options granted to the management immediately prior to the IPO and the immediate recognition of share-based compensation expense of RMB62.0 million (US$9.6 million) resulting from options granted to employees with an IPO condition.
  • Technology and content expenses increased by 144.5% to RMB81.9 million (US$12.7 million) from RMB33.5 million in the same period of 2020. The increase was primarily due to the increase in personnel cost in connection to the expansion of the research and development team and the immediate recognition of share-based compensation expense of RMB27.6 million (US$4.3 million) resulting from options granted to employees with an IPO condition.

LOSS FROM OPERATIONS

Loss from operations was RMB507.3 million (US$78.6 million), compared to RMB116.0 million in the second quarter of 2020. Adjusted loss from operations (non-GAAP) was RMB51.0 million (US$7.9 million), compared to RMB36.6 million in the second quarter of 2020.

NET LOSS

Net loss was RMB505.7 million (US$78.3 million), compared to RMB107.3 million in the second quarter of 2020. Adjusted net loss (non-GAAP)[4] was RMB59.7 million (US$9.2 million), compared to RMB39.8 million in the second quarter of 2020.

BASIC AND DILUTED NET LOSS PER ORDINARY SHARE

Basic and diluted net loss per ordinary share were RMB13.47 (US$2.09), compared to RMB23.07 in the same period of 2020.

Adjusted basic and diluted net loss per ordinary share (non-GAAP)[5] were RMB1.59 (US$0.25), compared to RMB2.12 in the same period of 2020.

[4] See "Reconciliations of GAAP and Non-GAAP Results" for more information.

[5] See "Reconciliations of GAAP and Non-GAAP Results" for more information.

CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

Cash and cash equivalents and short-term investments increased to RMB2,835.5 million (US$439.2 million) as of June 30, 2021 from RMB1,015.9 million as of December 31, 2020, primarily due to net proceeds from the Company’s initial public offering in June 2021.

Business Outlook

For the third quarter of 2021, the Company currently expects its total revenues to be between RMB1,870.0 million and RMB1,930.0 million. This forecast only reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.

Environment, Social, and Governance

On July 13, 2021, the Company announced its response to the 14th Five-Year Plan (2021-2025) for Circular Economy Development released by the National Development and Reform Commission. The Company pursues its mission "to give a second life to all idle goods", supporting the development of a circular economy.

On August 17, 2021, the Company published its first environmental, social and governance ("ESG") report, highlighting the company’s long-term initiatives focused on improving its environmental impact and furthering its social contributions. The full report is available on the Company’s investor relations website and is provided in both Simplified Chinese and English.

Recent Development

On July 20, 2021, the Company announced that, in connection with its previously announced initial public offering, the underwriters have exercised their over-allotment option to purchase an additional 1,875,717 shares of the Company’s American Depositary Shares ("ADSs") (equivalent to 1,250,478 Class A ordinary shares of the Company) at a price of US$14.00 per ADS. The Company also announced the closing of its initial public offering of 16,233,000 at a price of US$14.00 per ADS, which did not include the sale of shares pursuant to the over-allotment option. As of July 20, 2021, the Company had 18,108,717 ADSs outstanding (equivalent to 12,072,478 Class A ordinary shares of the Company), which included the ADSs issued as part of the Company’s initial public offering and the underwriters’ exercise of their over-allotment option.

Conference Call Information

The Company’s management will hold a conference call on Tuesday, August 17, 2021 at 08:00 A.M. Eastern Time (or 08:00 P.M. Beijing Time on Tuesday, August 17, 2021) to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:

1-412-317-6061

United States Toll Free:

1-888-317-6003

Mainland China Toll Free:

4001-206115

Hong Kong Toll Free:

800-963976

Access Code:

6346736

The replay will be accessible through August 24, 2021 by dialing the following numbers:

International:

1-412-317-0088

United States Toll Free:

1-877-344-7529

Access Code:

10159327

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at ir.aihuishou.com.  

About AiHuiShou International Co. Ltd.

Headquartered in Shanghai, AiHuiShou International Co. Ltd. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew. Since its inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, addressing the environmental impact of pre-owned consumer electronics by facilitating recycling and trade-in services, and distributing the devices to prolong their lifecycle. ATRenew’s open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Through its end-to-end coverage of the entire value chain and its proprietary inspection, grading, and pricing technologies, ATRenew sets the standard for China’s pre-owned consumer electronics industry.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.4566 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 30, 2021.

Use of Non-GAAP Financial Measures

The Company also uses certain non-GAAP financial measures in evaluating its business. For example, the Company uses adjusted loss from operations, adjusted net loss and adjusted net loss per ordinary share as supplemental measures to review and assess its financial and operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation, or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. Adjusted loss from operations is loss from operations excluding the impact of share-based compensation expenses and amortization of intangible assets resulting from business acquisition. Adjusted net loss is net loss excluding the impact of share-based compensation expenses, amortization of intangible assets resulting from business acquisition, tax benefit from amortization of such intangible assets and fair value change in warrant liabilities. Adjusted net loss per ordinary share is adjusted net loss attributable to ordinary shareholders divided by weighted average number of shares used in calculating net loss per ordinary share. Adjusted net loss attributable to ordinary shareholders is net loss attributable to ordinary shareholders excluding the impact of share-based compensation expenses, amortization of intangible assets resulting from business acquisition, tax benefit from amortization of such intangible assets and fair value change in warrant liabilities.

The Company presents non-GAAP financial measures because they are used by the Company’s management to evaluate the Company’s financial and operating performance and formulate business plans. The Company believes that adjusted loss from operations and adjusted net loss help identify underlying trends in the Company’s business that could otherwise be distorted by the effect of certain expenses that are included in loss from operations and net loss. The Company also believes that the use of non-GAAP financial measures facilitates investors’ assessment of the Company’s operating performance. The Company believes that adjusted loss from operations and adjusted net loss provide useful information about the Company’s operating results, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP financial measures is that they do not reflect all items of income and expense that affect the Company’s operations. Share-based compensation expenses, amortization of intangible assets resulting from business acquisition, tax benefit from amortization of such intangible assets and fair value change in warrant liabilities have been and may continue to be incurred in the Company’s business and is not reflected in the presentation of non-GAAP financial measures. Further, the non-GAAP measures may differ from the non-GAAP measures used by other companies, including peer companies, potentially limiting the comparability of their financial results to the Company’s. In light of the foregoing limitations, the non-GAAP financial measures for the period should not be considered in isolation from or as an alternative to loss from operations, net loss, and net loss attributable to ordinary shareholders per share, or other financial measures prepared in accordance with U.S. GAAP.

The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, which should be considered when evaluating the Company’s performance. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, "Reconciliations of GAAP and Non-GAAP Results."

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew’s strategies; ATRenew’s future business development, financial condition and results of operations; ATRenew’s ability to maintain its relationship with major strategic investors; its ability to provide facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew’s filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

In China:
AiHuiShou International Co. Ltd.
Investor Relations
Email: ir@aihuishou.com

In the United States:
ICR, LLC
Email: aihuishou@icrinc.com
Tel: +1-212-537-0461

 

 

AIHUISHOU INTERNATIONAL CO. LTD.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands, except share and per share and otherwise noted)

As of

December 31

As of June 30,

2020

2021

RMB

RMB

US$

ASSETS

Current assets:

Cash and cash equivalents

918,076

2,785,542

431,426

Short-term investments

97,866

50,000

7,744

Amount due from related parties

289,156

305,441

47,307

Inventories, net

176,994

352,326

54,568

Funds receivable from third party payment service providers

124,262

191,221

29,616

Prepayments and other receivables, net

268,284

562,352

87,097

Total current assets

1,874,638

4,246,882

657,758

Non-current assets:

Investment in equity investees

96,362

114,112

17,674

Property and equipment, net

69,562

78,265

12,122

Intangible assets, net

1,367,841

1,241,364

192,263

Goodwill

1,803,415

1,803,415

279,313

Other non-current assets

14,520

98,115

15,196

Total non-current assets

3,351,700

3,335,271

516,568

TOTAL ASSETS

5,226,338

7,582,153

1,174,326

LIABILITIES, MEZZANINE EQUITY AND EQUITY (DEFICIT)

Current liabilities:

Short-term borrowings

369,657

209,205

32,402

Accounts payable

27,201

48,317

7,483

Accrued expenses and other current liabilities

396,612

394,331

61,074

Accrued payroll and welfare

115,400

107,319

16,622

Convertible bonds

160,000

—

—

Amount due to related parties

114,669

45,067

6,980

Total current liabilities

1,183,539

804,239

124,561

Non-current liabilities:

Long-term borrowings

32,624

14,066

2,179

Warrant liability

—

19,587

3,034

Deferred tax liabilities

341,960

350,341

54,261

Total non-current liabilities

374,584

383,994

59,474

TOTAL LIABILITIES

1,558,123

1,188,233

184,035

TOTAL MEZZANINE EQUITY

8,879,894

—

—

EQUITY (DEFICIT)

TOTAL EQUITY (DEFICIT)

(5,211,679)

6,393,920

990,291

TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY
(DEFICIT)

5,226,338

7,582,153

1,174,326

 

 

AIHUISHOU INTERNATIONAL CO. LTD.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE LOSS

(Amounts in thousands, except share and per share and otherwise noted)

Three months ended June 30,

Six months ended June 30,

2020

2021

2020

2021

RMB

RMB

US$

RMB

RMB

US$

Net revenues

Net product revenues

1,047,248

1,603,419

248,338

1,653,351

2,913,966

451,316

Net service revenues

148,564

264,297

40,934

234,673

468,181

72,512

Operating expenses (1)(2)

Merchandise costs

(889,469)

(1,395,358)

(216,113)

(1,390,269)

(2,491,054)

(385,815)

Fulfillment expenses

(149,391)

(275,525)

(42,673)

(307,345)

(498,544)

(77,215)

Selling and marketing expenses

(197,305)

(316,295)

(48,988)

(341,455)

(538,875)

(83,461)

General and administrative expenses

(44,758)

(310,280)

(48,056)

(98,658)

(339,688)

(52,611)

Technology and content expenses

(33,524)

(81,903)

(12,685)

(73,689)

(137,402)

(21,281)

Total operating expenses

(1,314,447)

(2,379,361)

(368,515)

(2,211,416)

(4,005,563)

(620,383)

Other operating income

2,661

4,369

677

8,472

4,730

733

Loss from operations

(115,974)

(507,276)

(78,566)

(314,920)

(618,686)

(95,822)

Interest expense

(7,604)

(5,513)

(854)

(11,139)

(12,065)

(1,869)

Interest income

5,360

1,013

157

7,270

4,433

687

Other income, net

846

(4,862)

(753)

7,405

(3,948)

(611)

Fair value change in warrant liabilities

—

(9,242)

(1,431)

—

(9,242)

(1,431)

Loss before income taxes

(117,372)

(525,880)

(81,447)

(311,384)

(639,508)

(99,046)

Income tax benefits

11,914

19,460

3,014

23,942

38,919

6,028

Share of income (loss) in equity method
investments

(1,801)

735

114

(6,082)

123

19

Net loss

(107,259)

(505,685)

(78,319)

(293,524)

(600,466)

(92,999)

Accretion of convertible redeemable preferred
shares

(326,123)

—

—

(652,246)

(508,627)

(78,776)

Net loss attributable to ordinary shareholders
of the Company

(433,382)

(505,685)

(78,319)

(945,770)

(1,109,093)

(171,775)

Net loss per ordinary share:

Basic

(23.07)

(13.47)

(2.09)

(50.35)

(39.30)

(6.09)

Diluted

(23.07)

(13.47)

(2.09)

(50.35)

(39.30)

(6.09)

Weighted average number of shares used in
calculating net loss per ordinary share

Basic

18,782,620

37,552,443

37,552,443

18,782,620

28,219,382

28,219,382

Diluted

18,782,620

37,552,443

37,552,443

18,782,620

28,219,382

28,219,382

Net loss

(107,259)

(505,685)

(78,319)

(293,524)

(600,466)

(92,999)

Foreign currency translation adjustments

16

2,427

376

(614)

2,152

333

Total comprehensive loss

(107,243)

(503,258)

(77,943)

(294,138)

(598,314)

(92,666)

Accretion of convertible redeemable preferred
shares

(326,123)

—

—

(652,246)

(508,627)

(78,776)

Total comprehensive loss attributable to
ordinary shareholders

(433,366)

(503,258)

(77,943)

(946,384)

(1,106,941)

(171,442)

 

 

AIHUISHOU INTERNATIONAL CO. LTD.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (CONTINUED)

(Amounts in thousands, except share and per share and otherwise noted)

Three months ended June 30,

Six months ended June 30,

2020

2021

2020

2021

RMB

RMB

US$

RMB

RMB

US$

(1) Includes share-based compensation expenses as follows:

Fulfillment expenses

—

(42,491)

(6,581)

—

(42,491)

(6,581)

Selling and marketing expenses

—

(26,264)

(4,068)

—

(26,264)

(4,068)

General and administrative expenses

—

(282,070)

(43,686)

—

(282,070)

(43,686)

Technology and content expenses

—

(27,580)

(4,272)

—

(27,580)

(4,272)

(2) Includes amortization of intangible assets resulting from
assets and business acquisitions as follows:

Selling and marketing expenses

(77,766)

(76,258)

(11,811)

(156,286)

(152,517)

(23,622)

Technology and content expenses

(1,580)

(1,580)

(245)

(3,160)

(3,160)

(489)

 

 

Reconciliations of GAAP and Non-GAAP Results

(Amounts in thousands, except share and per share and otherwise noted)

Three months ended June 30,

Six months ended June 30,

2020

2021

2020

2021

RMB

RMB

US$

RMB

RMB

US$

Loss from operations

(115,974)

(507,276)

(78,566)

(314,920)

(618,686)

(95,822)

Add:

Share-based compensation expense

—

378,405

58,607

—

378,405

58,607

Amortization of intangible assets resulting from business
acquisitions

79,346

77,838

12,056

159,446

155,677

24,111

Adjusted loss from operations

(36,628)

(51,033)

(7,903)

(155,474)

(84,604)

(13,104)

Net loss

(107,259)

(505,685)

(78,319)

(293,524)

(600,466)

(92,999)

Add:

Share-based compensation expense

—

378,405

58,607

—

378,405

58,607

Amortization of intangible assets resulting from business
acquisitions

79,346

77,838

12,056

159,446

155,677

24,111

Fair value change in warrant liabilities

—

9,242

1,431

—

9,242

1,431

Less:

Tax effect of amortization of intangible assets resulting from
business acquisitions

(11,914)

(19,460)

(3,014)

(23,942)

(38,919)

(6,028)

Adjusted net loss

(39,827)

(59,660)

(9,239)

(158,020)

(96,061)

(14,878)

Adjusted net loss per ordinary share:

Basic

(2.12)

(1.59)

(0.25)

(8.41)

(3.40)

(0.53)

Diluted

(2.12)

(1.59)

(0.25)

(8.41)

(3.40)

(0.53)

Weighted average number of shares used in calculating net
loss per ordinary share

Basic

18,782,620

37,552,443

37,552,443

18,782,620

28,219,382

28,219,382

Diluted

18,782,620

37,552,443

37,552,443

18,782,620

28,219,382

28,219,382

 

 

PR Newswire

TCL Technology Announces Results for First Half of 2021, Net Profit Hits USD1.426 Billion

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SHENZHEN, China, Aug. 14, 2021 — TCL Technology Group Corporation ("TCL Technology", Stock Code 000100.SZ), a publicly listed company focusing on the semiconductor display and materials industry, has announced its interim results for the six months ("the reporting period") ended 30 June 2021.

During the reporting period, the company achieved operating income of around USD11.45 billion, a year-on-year increase of 153.3%; net profit was around USD1.426 billion, a 7.65 times increase year-on-year; net profit attributable to shareholders was around USD1.04 billion, a year-on-year increase of 461.5%. The company’s two core industries, semiconductor displays and semiconductor photovoltaics, achieved significant growth over this period and the company’s annual budget target has been surpassed.

Furthermore, TCL CSOT, TCL Technology’s panel production subsidiary, achieved sales area of 17.792 million square meters with a year-on-year increase of 25.3%. The semiconductor display business of TCL CSOT achieved operating income of USD6.29 billion, a year-on-year increase of 93.6%; net profit was USD1.01 billion, a year-on-year increase of USD1.04 billion. In the second quarter of 2021, TCL CSOT achieved a net profit of USD649.15 million, a quarter-on-quarter increase of 76%. Through continuous expansion and optimization of product structure, TCL CSOT continued to increase its market share in various fields, including TV panels, interactive whiteboards, LTPS, etc.

Additionally, Zhonghuan Semiconductor, a subsidiary of TCL that focusing on semiconductors and new energy, also contributed to the Company’s profit growth in the first half of 2021. Zhonghuan Semiconductor achieved operating income of USD2.7 billion, a year-on-year increase of 104.1%, and net profit of USD291.42 million, a year-on-year increase of 160.6%. During the reporting period, the photovoltaic industry has developed rapidly. Over this time Zhonghuan Semiconductor’s accumulated technological advantages have emerged, the product structure has been transformed smoothly and the scale of production capacity has been continuously improved.

Looking ahead, TCL Technology will continue to optimize its business strategies focusing on semiconductor displays, semiconductor photovoltaics and semiconductor materials. Meanwhile, TCL Technology will continue its innovation-driven development, improve operational quality and efficiency, and accelerate global layout, to boost competitiveness and lead the global industry.

About TCL

TCL empowers customers to enjoy more. With a lineup of award-winning televisions, audio products, mobile devices, and appliances, TCL takes pride in delivering meaningful experiences by combining thoughtful design and the latest technology. As one of the world’s largest consumer electronics brands, our extensive manufacturing expertise, a vertically integrated supply chain, and state-of-the-art panel factory, helps TCL deliver innovation for all. For additional product information, please visit www.tcl.com for the full portfolio.

About TCL CSOT

TCL CSOT (TCL China Star Optoelectronics Technology Co., Ltd), is a company committed to developing new technologies and innovations in semiconductor display industry. TCL CSOT actively invests in future technologies such as Mini-LED, Micro-LED, OLED, and Ink-Jet Printing OLED. The company business includes large area display, small medium display and touch modules, interactive white boards, video walls, automotive displays, and gaming monitors, which contributes to the core competence in the global panel industry.

About Tianjin Zhonghuan Semiconductor

Zhonghuan Semiconductor takes new energy materials and semi-conductor materials as its dual main business to drive development, including the R&D, production and sales of semi-conductor wafers, semi-conductor devices, solar wafers and solar cell modules, as well as the construction and operation of photovoltaic power stations. On July 15, 2020, TCL acquired Zhonghuan Semi-conductor, achieving the significant presence and strategic reserve in the field of semi-conductors and new energy.

 

PR Newswire

Dot Inc. Named Winner of the XTC Global Final, a Social Innovation Startup Competition

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Dot Inc. Highly recognized for its smart technology for the visually impaired at XTC Global Final, a competition between 3,700 startups from 92 countries

SEOUL, South Korea, Aug. 13, 2021 — Dot Inc., a social startup and certified B-corporation, was recently named the winner of TechCrunch’s Extreme Tech Challenge (XTC), "the world’s largest startup competition for entrepreneurs addressing the globe’s most serious challenges"—as per Forbes. Dot Inc., has been a member of the Born2Global Centre since 2020, and is a technology-based social venture that develops innovative solutions for people with disabilities, especially those who are visually impaired and mobility handicapped.

Dot Inc. -- XTC 2021 GLOBAL WINNER
Dot Inc. — XTC 2021 GLOBAL WINNER

XTC is an annually-held global competition between startups aimed at solving problems outlined in the UN’s 17 Sustainable Development Goals (SDGs). This year, over 3,700 startups from 92 countries participated in the fierce competition for good. Dot Inc. took first in the preliminaries in "Enabling Technology", one of the seven categories of the competition, before advancing to the finals. The company eventually was named "Overall Winners" of the entire competition, along with Hillridge Technology from Australia.

As consensus winners of XTC, Dot Inc. will receive direct guidance for global expansion from the internationally-acclaimed XTC judge panel. The XTC cohort includes: Jerry Yang, co-founder of Yahoo; Young Sohn, ex-CSO of Samsung Electronics and currently Chairman of the Board at Harman International; and Bill Tai of Charles River Ventures, an early investor of Zoom and other fast-growing startups.

Eric Ju Yoon Kim and Ki Kwang Sung, Dot Inc.’s founders, commented on the company’s win, saying, "As a startup built on people-driven innovation, it is an honor and a blessing to be highlighted through this competition where startups from around the world are all working together to achieve causeworthy goals. We hope to use this win as inspiration and as a springboard to help Dot’s accessible technology help people around the world live more fulfilled and independent lives."

Dot Inc. first shocked the world with their "Dot Watch," the world’s first Braille smartwatch, that found acclaim with global influencers like Stevie Wonder and Andrea Bocelli. Now, their impressive portfolio includes the "Dot Pad," a tactile pad aimed to help the visually impaired experience images through touch, and the "Dot Kiosk", barrier-free tech that includes a smart kiosk and an indoor navigation system for inclusive access to infrastructure for all people. All heights included, as the Kiosk boasts an auto-height adjustment function that uses camera sensors to raise and lower to the eye level of the user. They have stated that the Dot Kiosk system was designed so that Hellen Keller could access any part of the airport, museum, or building without any additional guidance.

It seems that the company’s vision has struck the right chord at the right time, especially in a post-pandemic world that begs for more accessibility innovation and contactless services. So far, the company has attracted over 13M USD in external investments and boasts over 120 technology patents through innovative research and development. In June of 2021, the company was selected in a government project, led by the U.S. Dept. of Education, to be the exclusive supplier of tactile educational pads for the entire nation. As a key partner of the project, Dot Inc. received and signed a contract worth 30M USD for the exclusive supply of Dot’s devices. Most recently, the company received international attention during a recent Korean presidential visit to Spain when President Moon Jae-in and First Lady Kim Jung-sook personally presented a Dot Watch to the ONCE Foundation, a national organization for the blind and visually-impaired in Spain.

Dot Inc.’s top priority and mission is to close the information gap for the visually impaired, and to help them live more fulfilling and independent lives. Through the advancement of enabling tech, they wish to bring in a paradigm of inclusivity in all corners of the world.

For more information about Dot Inc., visit https://www.dotincorp.com/.

Media Contact
Dot Inc.: ahrum@dotincorp.com (Korean), daniel@dotincorp.com (English)
Born2Global Centre: jlee@born2global.com

PR Newswire

LG Display Highlights its ESG Management in Sustainability Report for 2021

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SEOUL, South Korea, Aug. 13, 2021 — LG Display, the world’s leading innovator of display technologies, highlights its ESG management by outlining the company’s ESG activities and achievements in pursuit of a greener planet in its Sustainability Report for 2021.

LG Display publishes a Sustainability Report every year to share the activities and achievements it has pursued to attain sustainable management goals.
LG Display publishes a Sustainability Report every year to share the activities and achievements it has pursued to attain sustainable management goals.

To promote sustainability management and reach its goal of becoming the most sustainable display solution company in the world, LG Display has identified and implemented four key strategies: Internalization of CSR, CSR risk management, communication with stakeholders, and global engagement – all key pillars to the company’s core mission of being a sustainability company founded on stakeholder trust.

The company has also promoted eco-friendly management throughout the display industry with active investments and activities designed to heighten the supply chain’s eco-friendliness. And after setting its new "Safety, Health, Energy and Environment Policy," the company was able to adopt an integrated standard system that minimizes its products’ environmental impact from the design, production, distribution and logistics processes, to when they are being used and recycled during disposal.

LG Display is just as dedicated to implementing practices directly affecting the everyday consumer, with the company now exclusively developing and manufacturing products that emit far less volatile organic compounds (VOCs) than conventional displays. LG Display has made every effort to eliminate VOCs from the supply and manufacturing processes involved in making its panels, including developing and manufacturing OLED TV products that emit 50 percent less VOCs than LCD TV panels by using fewer plastic parts. LG Display’s OLED additionally boasts a 92.7 percent recycling rate, one that is higher than its LCD counterpart. In recognition of such efforts, the company received Eco-Product certification in 2020 from Swiss-based SGS, the world’s leading testing, inspection and certification company.

In addition, LG Display is focused on the development and expansion of its eco-friendly products. To that end, the company created ‘Eco Index,’ which measures a company’s green performance from the product development stage to help them enhance their use of resources, energy, and hazardous substances. The company also recently began significantly reducing its packaging by recycling packaging materials for OLED panels.

LG Display revealed its strategy in response to the rapidly growing threat of climate change. The company has invested over KRW 37 billion to replace sulfur hexafluoride (SF6) with unregulated greenhouse gases boasting low global warming potential values, while also establishing facilities that help the company reduce more than 90 percent of its greenhouse gas emissions. As a result, LG Display successfully reduced approximately 3 million tons of CO2-eq, a 39 percent decrease from 2014.

By 2050, the company aims to have decreased company-wide greenhouse gas emissions by 75.6 percent compared to 2014 and achieved a 100 percent waste recycle rate, both through the development of low-carbon clean production technologies.

Moreover, LG Display takes part in the CDP (Carbon Disclosure Project), which is recognized as a world-renowned authority in the field of environmental information disclosure. The company has been rewarded for its Green House Gas reduction efforts by being incorporated into the Carbon Management Honors Club for the fourth consecutive year since 2017. LG Display also maintained its status as an excellent company for 3 straight years since 2018 for its excellence in environmental impact management.

Most notably, this year the company joined the influential Responsible Business Alliance (RBA) which encourages close cooperation between its members, supply chains, and stakeholders to enhance working and environmental conditions and improve business performance based on a proven Code of Conduct. Moreover, investment research firm MSCI (formerly known as Morgan Stanley Capital International) upgraded its ESG ratings for LG Display from A to AA earlier this year, evaluating LG Display most favorably in the areas of chemical safety, controversial outsourcing, and opportunities in clean tech. This puts LG Display among the highest-rated companies in South Korea and display manufacturers worldwide.

As the world’s leading display company, LG Display is focused on constantly innovating and improving the value and quality of its products. In 2020, the company expanded its R&D investment and implemented 20 company-wide initiatives through Tear Down Redesign – an organization that puts experts from various fields together on time-based projects for solving specific problems. In addition, LG Display outlined the work it is undertaking to create innovative, differentiated values and opportunities in the display market based on its strengths and competitiveness.

"We will continue to elevate our contribution to society and meet the expectations from the stakeholders, not only on the business results, but also in all areas of ESG, including environment, social responsibility and governance," said James Hoyoung Jeong, CEO of LG Display. "As a pioneer of the OLED display industry, LG Display will further strengthen its business portfolio centered around OLED and grow to become a company that can offer even unexpected values to our customers."

This year’s LG Display Sustainability Report was published in a total of four languages – Korean, Chinese, English and Vietnamese.

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, 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 63,360 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:

Jean Lee, Senior Manager, Global Communications Public Relations Team, LG Display Co., Ltd.
Tel: (+82) 2 3777 1689 / Mobile: (+82) 10 5717 1689
Email: jean.lee@lgdisplay.com

Related Links :

http://www.lgdisplay.com

PR Newswire

Delta Advances Towards RE100 by Signing Power Purchase Agreement (PPA) with TCC Green Energy Corporation

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TAIPEI, Aug. 13, 2021 — Delta, a global leader in power and thermal management solutions, today announced the signing of its first ever power purchase agreement (PPA) with TCC Green Energy Corporation for the procurement of approximately 19 million kWh of green electricity annually, a step that contributes to its RE100 commitment to reach 100% utilization of renewable energy as well as carbon neutrality in its global operations by 2030. TCC Green Energy, which currently has the largest renewable energy available transfer capacity in Taiwan, will supply the green electricity to Delta from TCC’s 7.2MW wind turbine infrastructure. With the aforementioned PPA and its status as the only RE100 member in Taiwan with a cutting-edge solar PV inverter as well as wind power converter product portfolio, Delta further cements its dedication to the development of renewable energy worldwide.

Delta signed its first ever PPA with TCC Green Energy Corporation, a step that contributes to its RE100 commitment
Delta signed its first ever PPA with TCC Green Energy Corporation, a step that contributes to its RE100 commitment

Mr. Ping Cheng, Delta’s chief executive officer, said, "We thank TCC Green Energy Corporation not only for providing us with those 19 million kWh of green energy annually from now on, but also for adopting Delta’s solutions and services in their numerous renewable energy power plants. Cumulatively, this proposal is expected to reduce over 193,000 tons of carbon emissions*, which is equivalent to building 502 Daan Forest Parks (the largest park in Taipei City), and corresponds with Delta’s corporate mission ‘To provide innovative, clean and energy-efficient solutions for a better tomorrow‘. Going forward, this PPA model may be replicated to other Delta sites worldwide for our RE100 goal. Delta has always been committed to environmental protection and actively engages in global environmental initiatives. After passing the Science-based Targets (SBT) in 2017, Delta aims to achieve a 56.6% decrease in its carbon intensity by 2025. By continuously executing three major relevant actions, including voluntary energy conservation, in-house solar power generation, and the purchase of renewable energy, Delta has already reduced its carbon intensity by over 55% in 2020. Furthermore, the Company has also far surpassed its annual goals for three consecutive years, and our global operations’ use of renewable energy has reached approximately 45.7%. These experiences have contributed significantly to our RE100 goal."

Shun-I Huang, chairman of Taiwan Cogeneration Corporation stated that, in line with the renewable energy development trends, TCC is committed to developing renewable energies including wind power, solar power, and thermal power. It is the first electricity group enterprise in Taiwan to be equipped with comprehensive services ranging from renewable energy investment and development, engineering contracting, operation and maintenance, to green energy sales capabilities. Synergies are to be expected from this collaboration with Delta. The transfer load will come from the latest onshore wind turbines built by Xingbao Wind Farm Group; with a device capacity of 3.6MW per unit, these onshore wind power generators currently have the largest device capacity in Taiwan. Delta will be provided with the cleanest and efficient green energy with additionality. Going forward, the two enterprises will continue to collaborate and TCC Green Energy will surely provide strong backend support to companies pursuing for sustainable development. We aspire to co-create environmental sustainability and to work toward zero emissions.

Upon announcing its membership in the global renewable energy initiative RE100 in March 2021, Delta promised to achieve 100% renewable energy consumption and carbon neutrality throughout its global operations by 2030. Delta is also the first Taiwanese high tech manufacturer to commit to RE100 goal by 2030. Delta’s operations are located throughout five continents. To achieve RE100 goal, Delta will focus on voluntary energy conservation, in-house solar power generation and consumption, and voluntary investment toward renewable power plants. Concurrently, Delta will also assess the maturity of local green energy markets to carry out PPAs or the purchase Renewable Energy Certificates (RECs) to fulfill its commitment. The solar power generated from Delta’s major production sites amounted to approximately 25.3 million kWh in 2020, while 285 million kWh was purchased through RECs. The renewable energy consumption at major production sites accounted for approximately 55.1% of total energy consumption, and reaches approximately 45.7% of total energy consumption throughout all global operations. To accelerate green energy PPA procurement, Delta has also formed an inter-departmental "Delta Green Energy Team" at the beginning of 2021. To sign long-term PPA agreements, the team selects sustainable power generation projects with smaller environmental impacts and conducts onsite inspection and assessment.

In response to the enactment of the major electricity consumer regulation pursuant to the Renewable Energy Development Act, coupled with the formal request for supply chains to use green energy in production from major international customers, the demand for renewable energy generation continues to rise. Nevertheless, the renewable energy market is still in its infantry, leading to a shortage of green energy supply in the short-run. To respond to this challenge, on top of actively evaluating green energy PPAs, Delta is also committed to developing various renewable energy application solutions to assist power generation businesses to utilize renewable energy with more efficiency. By implementing smart control over discharge and charging times, energy storage systems developed using Delta’s core technologies can enhance the compatibility between power consumption and renewable energy generation. Delta’s renewable energy solutions have been widely used in green power plants throughout the world, including TCC. To stabilize the output of solar power generation, TCC has adopted Delta’s centralized three-phase solar PV inverters in power plants including TaiPower’s largest 150MW station in Tainan, south of Taiwan. Additionally, the two enterprises have also planned to further collaborate to create synergies for sustainable development.

*Based on estimates from the Council of Agriculture, in which one hectare of the forest may absorb up to 15 MTs of carbon emissions in each year. Therefore, one Daan Forest Park (25.8 hectares) would have an annual carbon reduction of 384.6 MTs.

About Delta

Delta, founded in 1971, is a global leader in switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," Delta leverages its core competence in high-efficiency power electronics and its CSR-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to CSR. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices for 10 consecutive years. In 2020, Delta was also recognized by CDP with two "A" leadership level ratings for its substantial contribution to climate change and water security issues and named Supplier Engagement Leader for its continuous development of a sustainable value chain

For detailed information about Delta, please visit: www.deltaww.com

Related Links :

https://www.deltaww.com/

PR Newswire

MediaTek Announces Dimensity 920 and Dimensity 810 Chips for 5G Smartphones

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Bringing brilliant imaging, smarter displays and boosted performance together for incredible mobile experiences

HSINCHU, Taiwan, Aug 11, 2021 — MediaTek today announced the new Dimensity 920 and Dimensity 810 chipsets, the latest additions to its Dimensity 5G family. This debut gives smartphone makers the ability to provide boosted performance, brilliant imaging and smarter displays to their customers.

Designed for powerful 5G smartphones, the Dimensity 920 balances performance, power and cost to provide an incredible mobile experience. Built using the 6nm high-performance manufacturing node, it supports intelligent displays and hardware-based 4K HDR video capture, while also offering a 9% boost in gaming performance compared to its predecessor, the Dimensity 900.

The Dimensity 810 is built using the 6nm high-performance manufacturing node. It provides Arm Cortex-A76 CPU speeds up to 2.4GHz, premium camera features including artistic AI-color in collaboration with Arcsoft, and advanced noise reduction techniques for superb low-light photography.

"With the expanded Dimensity chipset series, MediaTek is providing device makers and smartphone users with the latest innovations at more accessible price points for the mainstream market," said Dr. JC Hsu, Corporate VP and GM of MediaTek’s Wireless Communications Business Unit. "Delivering a boost in performance, display intelligence and image brilliance, these new Dimensity chipsets will improve user experiences and deliver advanced 5G features and capabilities to 5G smartphones."

Key features of the Dimensity 920 include:

  • MediaTek Smart Adaptive Displays: Adjusts the display refresh rate according to the game or UI action detected, raising it during periods of intense action to improve user experiences, and then lowering it to improve power efficiency.
  • 4K Video Capture Hardware Engine: Integrates a flagship-class, HDR-native image signal processor (ISP) and incorporates a unique hardware-accelerated 4K HDR video recording engine supporting up to four concurrent cameras and up to 108MP sensors.
  • Boosted Performance: With the Arm Cortex-A78 processors in the octa-core CPU that can reach 2.5GHz clock speeds, along the latest LPDDR5 memory and UFS 3.1 storage, the Dimensity 920 maximizes performance.
  • Advanced Connectivity: Supports dual 5G SIM, dual VoNR, up to 2CC carrier aggregation, MediaTek 5G UltraSave power efficiency suite and 5G SA/NSA networking, 2×2 MIMO Wi-Fi 6 connectivity, Bluetooth 5.2 and multi-GNSS.
  • Smooth Gaming: Supports MediaTek HyperEngine 3.0 with 5G call and data concurrency, plus connection enhancements for high-speed rail and ‘Super Hotspot’ technology.

Key features of the Dimensity 810 include:

  • Faster Performance: Arm Cortex-A76 processors now support up to 2.4GHz in its octa-core CPU.
  • Faster Displays: Mainstream 5G smartphones can now benefit from 120Hz displays for an ultra-smooth user experience.
  • Incredible Cameras: Supports advanced noise reduction techniques (MFNR & MCTF) for excellent low-light capture, and supports up to 64MP cameras.
  • High-end AI-Camera Features: Enables stunning camera experiences like AI-Bokeh and artistic AI-Color in collaboration with Arcsoft.
  • Smooth Gaming: Supports MediaTek’s HyperEngine 2.0 gaming technologies with an intelligent resource management engine and advanced networking engine.

MediaTek’s Dimensity 5G series brings smartphones an unrivaled combination of connectivity, multimedia, AI and imaging innovations to global markets with the Dimensity 700, 800, 900, 1000, 1100 and 1200 families. With support for every cellular connectivity generation, the new Dimensity 5G chips deliver the latest connectivity features including 5G standalone (SA) and non-standalone (NSA) architectures, 5G two carrier aggregation (2CC) including mixed mode FDD+TDD, dynamic spectrum sharing (DSS) technology support, True Dual SIM 5G (5G SA + 5G SA) and Voice over New Radio (VoNR).

The new MediaTek Dimensity 920 and Dimensity 810 will power 5G smartphones that are expected to launch in the global market in Q3 2021. For full specifications and further details, please visit: https://i.mediatek.com/mediatek-5g

About MediaTek Inc.

MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables 2 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile device, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, Voice Assistant Devices (VAD) and wearables. MediaTek empowers and inspires people to expand their horizons and achieve their goals through smart technology, more easily and efficiently than ever before. We work with the brands you love to make great technology accessible to everyone, and it drives everything we do. Visit www.mediatek.com for more information.

MediaTek Press Office:

PR@mediatek.com
Kevin Keating, MediaTek
+1- 206-321-7295
10188 Telesis Ct #500, San Diego, CA 92121, USA

Related Links :

http://www.mediatek.com

PR Newswire

Piaggio Fast Forward Develops New Sensor Technology for Consumer and Enterprise Robots and for Motorcycle and Scooter Safety (ARAS)

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TEL AVIV, Israel, Aug. 5, 2021 —

Piaggio Fast Forward Develops New Sensor Technology for Consumer and Enterprise Robots and for Motorcycle and Scooter Safety (ARAS)
Piaggio Fast Forward Develops New Sensor Technology for Consumer and Enterprise Robots and for Motorcycle and Scooter Safety (ARAS)

Highlights:

  • Piaggio Fast Forward (PFF) reveals trailblazing sensor technology for consumer and business robots as well as motorcycles and scooters
  • Piaggio Group motorcycles and scooters featuring an innovative sensor technology package developed, built and supplied by PFF including 4D imaging radar provided by Vayyar expected to debut in 2022 with PFF robots launching in late 2021
  • Vayyar Imaging, the global leader in 4D imaging radar, supplying the RoC (Radar-on-Chip) for the sensor package developed, built and supplied by PFF for mass production in Advanced Rider Assistance Systems (ARAS) and robots

Piaggio Fast Forward (PFF), the Boston-based robotics company and a leader in smart following technology, has developed new sensor technology for implementation not only in consumer and business robots but also in scooters and motorcycles.

Founded in 2015 by the Piaggio Group, PFF has previously focused on advancing innovation in smart following technology and smart behavior implementation in robots and machines, but in a strategic decision last year, began developing a custom radar sensor module for use first in Piaggio Group motorcycles and scooters with the intention to provide the technology to other companies in the future.

PFF’s hardware-software modules offer uncompromising safety by providing robust monitoring in all environmental and lighting conditions. PFF awarded a supply contract for the modules’ Radar-on-Chip to Vayyar Imaging, marking the deployment of the industry’s first ever 4D imaging radar-based motorcycle safety platform. The complete sensor package is developed, built and supplied by PFF for mass production in Piaggio Group motorcycles’ Advanced Rider Assistance Systems (ARAS).

ARAS applications are on the front line of the battle to prevent collisions and protect motorcycle riders. ARAS technology meets the rigorous technological requirements of traditional driver assist functions, addressing additional motorcycle-specific challenges such as size constraints and seamless vehicle maneuverability at high-tilt angles.

The PFF modules use Vayyar’s mmWave 4D imaging Radar-on-Chip (RoC) sensor, enabling multiple ARAS functions such as Blind Spot Detection (BSD), Lane Change Assist (LCA) and Forward Collision Warning (FCW) with a single sensor supporting a range of over 100m, and an ultra-wide field-of-view. PFF robots incorporating the radar technology are expected to be  released at the end of 2021, with Piaggio Group motorcycle models equipped with the PFF sensor module launching in 2022.

"PFF is creating advanced technology products for robots and motorcycles that detect and measure objects in our surroundings to provide the information we need for mapping, object detection, and control, regardless of lighting, weather and other environmental factors. We have chosen to develop our sensing applications with Vayyar’s 4D imaging radar technology. We are excited to work with such a professional, passionate team, to develop innovative new solutions that provide our customers with a better product experience." Greg Lynn, CEO at Piaggio Fast Forward.

The Vayyar 4D imaging radar technology being used in both PFF robots and PFF sensing modules developed for the motorcycle industry supports a large Multiple Input Multiple Output (MIMO) array that enables ultra-high resolution point cloud imaging for holistic monitoring of a robot’s and a vehicle’s surroundings. This high-performance sensor incorporates sophisticated single-chip 4D imaging radar technology, featuring an ultra-wide field of view (both in azimuth and elevation) with no dead zones, detecting and tracking multiple targets. Its small form-factor is engineered to address the unique challenges of motorcycle and robotics design.

"We’re very excited to partner with PFF, who are at the forefront of sensor technology, both in terms of harmonization with rider experience on two- and three-wheeled products, as well as application in their innovative robots. Motorcycle riders are among the most vulnerable road users, and this is a big step forward in reducing their risk of collision," says Ilan Hayat, Director of Business Development at Vayyar Imaging. "Regardless of vehicle type, rider safety should not be compromised, and by partnering with PFF we are thrilled to deliver an automotive standard of safety to motorcycles", added Hayat.

 

PR Newswire

Huion Announces Three 23.8inch Pen Displays, Including the Kamvas Pro 24(4K)

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SHENZHEN, China, July 30, 2021 — Huion announces three big screen pen displays today, Kamvas 24, Kamvas 24 Plus, and Kamvas Pro 24(4K). Two from its Kamvas series and one from its Kamvas Pro series. Featured with upgraded performances, these pen displays are designed for creators specialized in animation, gaming, industrial design, etc.

Kamvas Pro 24(4K)
Kamvas Pro 24(4K)

Kamvas Pro 24(4K)

Kamvas Pro 24(4K) with premium design and performance is a flagship product of Huion. 4K UHD resolution, quantum-dot technology, 140% sRGB color gamut, 1200:1 contrast ratio, and HDR technology are making Kamvas Pro 24(4K) an ideal pen display for immersive visual experience. Like most Huion pen displays, Kamvas Pro 24(4K) also adopts the full lamination technology and anti-glare etched glass for minimized parallax and natural pen-on-paper drawing experiences.

Additionally, Kamvas Pro 24(4K) is embedded with two foldable feet with which users can enjoy the creation at an angle of 20 degrees. But for those who want more diversity and flexibility, monitor arm ST410/ST420 or the adjustable stand ST100A may be more suitable, as they can support more angles for users to find the most comfortable postures when drawing.

Kamvas 24 & Kamvas 24 Plus
Kamvas 24 & Kamvas 24 Plus

Kamvas 24 & Kamvas 24 Plus

Kamvas 24 and Kamvas 24 Plus are the sixth products of Kamvas series. Compared to their predecessors, Kamvas 24 and Kamvas 24 Plus not only boast the largest 23.8inch screen but also feature 2.5K QHD resolution. Kamvas 24 Plus even adopts the quantum dot technology which enhances the color gamut to 140% sRGB and the contrast ratio to 1200:1, enabling more vibrant and vivid picture presentation.

Create more with the digital pen

These three pen displays all come with the digital pen PW517. Developed based on Huion PenTech3.0, PW517 enables more natural and stable drawing experience. Huion also introduced the felt pen nib for the first time, which will come with Kamvas Pro 24(4K).   

8192 levels of pressure sensitivity and >220PPS report rate enable instant reproducing of natural and delicate lines. ±60° tilt recognition supports the realization of various drawing techniques such as shading, sketching, and edging. 

With the aim to bring digital ink solution to more people around the world, Huion has always been committed to offering better products to creative professionals as well as beginners.

For more information about Huion products, please visit www.huion.com.