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PR Newswire

SenSen: North American Operations and Expansion Update

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HIGHLIGHTS

  • SenSen’s Annual Recurring Revenue (ARR) from North America to exceed A$1.5M per annum driven by new orders from Chicago Parking Meters and contract renewals from existing customers in the region.
  • Increases SenSen’s current overall ARR guidance to ~A$4.5m for FY2022 and beyond, based on current confirmed orders and contracts.
  • Completed hiring of key marketing and sales executives to accelerate growth in the region; and additional staff hired to increase key account management and customer support in the region.
  • Opened North American headquarters in Las Vegas, Nevada, fitted with a range of SenSen solutions for demonstrations and customer sales
  • Established multiple channel partner engagements to increase sales momentum in the region.
  • SenSen to participate and present at multiple vertical-focused industry trade shows and conferences in the region in the next six months to support marketing efforts and promote SenSen solutions in the region.

MELBOURNE, SYDNEY and LAS VEGAS, April 21, 2021 — Leading Smart Cities and AI software solutions provider SenSen Networks Limited (ASX: SNS, OTCQB: SNNSF, "SenSen" or "the Company") is pleased to provide an update on its expanding US Operations.

Revenue and Sales

On the back of new orders and contract extensions, SenSen’s ARR from North America has crossed A$1.5M, which consists of:

  • Revenue from new orders from Chicago Parking Meters;
  • Contract renewals and extensions from the cities of Calgary and Edmonton (Canada);
  • Contract renewals from customers of the recently acquired Snap Network Surveillance’s multi-camera people tracking software; and
  • Locked in contract with the City of Las Vegas (Nevada) for parking management & enforcement.

This represents strong growth in overall revenue and particularly ARR from North America, which currently accounts for over one third of SenSen’s contracted ARR (~A$4.5m) in FY2022. ARR growth is expected to continue, with new channel partner arrangements being established and targeted sales and marketing activities underway.

SenSen’s revenue base in North America now completely funds operations in the US and Canada, providing a strong platform for organic growth as the US economy re-emerges from the impacts of COVID-19 shutdown. SenSen’s stable of flagship North American customers demonstrates a stable, high-reference client base to further accelerate growth in sales in the region.

Chicago Parking Meters

In the American Midwest, SenSen is working with Chicago Parking Meters (www.parkchicago.com) to provide parking and traffic analytics in the City of Chicago (Illinois), the third-largest US city. After SenSen successfully completed the POC trial, Chicago Parking Meters has ordered multiple systems from SenSen to improve the efficiency of its on-street parking management operations, which are currently being prepared for deployment in Q4 2021. Additional systems are planned for procurement in the coming months. These systems are expected to deliver both upfront and recurring revenues to SenSen.

Snap Network Surveillance

SenSen received its first set of orders from Snap Network Surveillance (Snap) customers since the acquisition in December 2020. Snap’s AI-powered multi-camera networked tracking technology is currently being implemented for customers through various resellers – A3 Communications (South Carolina), A+ Technology (New York City) and Southeast Security (Ohio). SenSen will receive annual software maintenance fees from these customers.

These new orders are a positive endorsement of the value Snap technology brings to its customers. SenSen has developed a targeted market education and outreach plan to promote Snap’s multi-camera person tracking and other solutions to this loyal base of partners and end customers, including airports, high-security prisons, shopping centres, universities, casinos, and law enforcement organisations.

City of Las Vegas

SenSen worked extensively with the City of Las Vegas to install Smart City technology on roads, car parks and garages across the city as well as outfitting a range of council vehicles with smart sensors, including scooters and Segways. As part of the progressive roll-out of SenSen systems under the contract with the City, multiple SenSen systems to improve the efficiency of on-street and off-street parking management have gone into production within the City of Las Vegas.

Additional systems are expected to go into production in the coming weeks. As announced previously, these systems generate both upfront and ongoing revenues.

SenSen has become a significant technology partner of the City of Las Vegas. SenSen was recently invited to participate in a paid smart curbside corridor pilot program with the City of Las Vegas in collaboration with Cox Communications (www.cox.com) to explore new avenues to leverage SenSen technology.

The pilot’s objective is to use technology solutions to monitor congestion in high-traffic areas of downtown Las Vegas for the next six months with the aim of optimising efficiency for all types of transport, especially rideshares and taxis. The innovative public-private partnership trial covers six parking spots along the sidewalk adjacent to the 100 block of Main Street with two digital kiosks that utilise SenSen’s video analytics and smart parking technology to better manage active curb loading zones for taxis and rideshares, making conditions safer for visitors and pedestrians.

Video analytics from the devices along the curb will capture vehicle and license plate information and send utilisation data to the kiosks to kick off a countdown timer. If a vehicle remains in the loading zone after the countdown ends, the system reports the incident directly to the city, ensuring a constant flow of traffic. 

US office now open

Under a special grants program, the City of Las Vegas invited SenSen to open its new US office at the Las Vegas International Innovation Center, a premium, high-profile location in Downtown Las Vegas. The location is offered to companies, at subsidised rates, that are considered to be future disruptors in the technology space that align with City of Las Vegas priorities – including companies operating in IoT (Internet of Things), artificial intelligence, virtual and augmented reality, cybersecurity, water science and advanced mobile data.

In late March, SenSen opened its new office, which features a showroom / demonstration area for marketing to potential Smart Cities and gaming customers. SenSen will benefit from a Las Vegas address as the world’s leading convention city and a convener of business on a global scale. The city’s supportive policy environment and growing focus on innovation make it an ideal location to test and develop SenSen’s new technologies.

New Staff Hires in the region

Following SenSen’s successful $7.15M international expansion capital raise in January 2021, SenSen has completed the recruitment of a number of senior executives to accelerate sales and marketing in North America, including:

  • Senior sales executive focused on the casino market;
  • Senior sales executive focused on the security & surveillance market;
  • Account manager to support and manage high-value direct customers; and
  • Pre-sales and post-sales technical support staff.

SenSen’s North American team now constitutes six staff with four more to join the team before the end of June 2021, including an additional senior sales executive focused on the Smart Cities market and customer support.

"I am delighted to hit the ground running by hiring new staff and setting up our new US Headquarters to help execute our expansion plans in North America," said SenSen CEO Dr Subhash Challa.  

"While our Smart Cities deals in Chicago and Las Vegas are built around our core strength in Intelligent Transport Solutions, we have multiple pipeline opportunities across all our verticals to pursue.

"In a post-pandemic world, we see significant potential to expand revenues in the US and other geographies. These newly announced contracts will significantly add to our previously announced revenues for FY2021, but even more importantly, will add to our growing ARR profile from FY2022."

This release is approved by the Board of SenSen.

About SenSen Networks Limited

SenSen is focused principally on the development, commercialisation and supply of innovative, data-driven business process enhancement solutions, designed to assist customers in their business operations and significantly improve business efficiency and productivity. SenSen provides video analytics and artificial intelligence data analytics software solutions to customers in the intelligent transportation systems and gaming sectors located in Australia, US, Canada, Singapore, New Zealand, Europe, India, and UAE.

Disclaimer – forward-looking statements
This release may contain forward-looking statements. These statements are based upon management’s current expectations, estimates, projections and beliefs in regards to future events in respect to SenSen’s business and the industry in which it operates. These forward-looking statements are provided as a general guide and should not be relied upon as an indication or guarantee of future performance. The bases for these statements are subjected to risk and uncertainties that might be out of control of SenSen Networks Limited and may cause actual results to differ from the release. SenSen Networks Limited takes no responsibility to make changes to these statements to reflect change of events or circumstances after the release.

PR Newswire

Atome Financial finalises acquisition of financing company amid rapid business expansion in Indonesia

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JAKARTA, Indonesia, March 31, 2021 — Atome Financial has completed its acquisition of local financing company PT Mega Finadana Finance in Indonesia. The acquisition will allow Atome Financial to expand its business in Indonesia through especially consumer financing. Following the acquisition, PT Mega Finadana Finance changed its name to PT Atome Finance Indonesia.

"The acquisition of this licence is testament to our commitment to growing our Indonesia business, and will allow us to better serve our partners and consumers through a range of tailored financing and lending options," said Atome Financial Indonesia CEO Wawan Salum, who explained the strategy to get a licence as a financing company will facilitate expansion across business lines.

"As a group, Atome Financial has emerged from COVID-19 pandemic strongly and is now in a unique position to rapidly expand our services in Indonesia and accelerate financial inclusion among underbanked and underserved segments of the population. Since 2017, Atome Financial has partnered some of the world’s most respected financial institutions who provide over $200 million in funding and credit facilities to propel financial inclusion. Cumulatively, we have served over 5 million users and provided over USD 1 billion of credit to empower merchants and consumers. This licence will not only accelerate our rapid business expansion, but also contributes to a stronger and healthier national lending and financing ecosystem in Indonesia," he added. 

Atome Financial consists of two main business units, Atome and Kredit Pintar. Atome partners some of Indonesia’s largest retailers and e–commerce platforms such as MAP Group (which includes Sephora, Zara, Mango, Pull&Bear, Marks & Spencer, Food Hall and more), JD.ID and iStyle to offer installment payment options with 0% interest over 3 or 6 months across fashion, beauty, lifestyle and health and fitness categories during the checkout transaction. Meanwhile, Kredit Pintar is among Indonesia’s top digital lending apps licensed by OJK, with over 10 million mobile app downloads and a 4.8-star rating on Google Play Store. It was also recently awarded Top Brand Award 2021 by Frontier Group and Majalah Marketing.

Atome Financial’s media kit can be found here.

About Atome Financial

Founded in 2017, Atome Financial is a leading tech company working to break down barriers of traditional banking and promote financial inclusivity through artificial intelligence technology. It consists of two main business lines: Atome, which partners merchant retailers to offer "buy now pay later" options during checkout and is available in Singapore, Indonesia, Malaysia, Hong Kong, Thailand, Vietnam and mainland China, and Kredit Pintar, one of Indonesia’s top digital lending apps licensed by OJK. In 2019, Atome Financial was named the most trusted technology company in digital payment by the Indonesia Quality Award committee. Atome Financial is headquartered in Singapore with additional offices in Indonesia and China.

Media Contact:

Michael de Waal Montgomery
michael@ellerton.sg

PR Newswire

Firmenich Unveils Newly Designed West Coast Innovation Center for Rapid End-To-End Product Development

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Taste & Beyond facility offers greater collaboration with customers on food, beverage & nutrition innovation.

ANAHEIM, Calif., March 11, 2021 — Firmenich, the largest privately owned company in the fragrance and taste industry, is unveiling its newly designed West Coast Innovation Center in Anaheim, CA, the long standing home of its 7.5 acre Durarome® production site and West Coast commercial business. The new facilities in the United States are designed to increase creativity, improve collaboration with customers and enable ever more rapid end-to-end product development.

Interior view of Firmenich’s newly designed West Coast Innovation Center in Anaheim, CA, which offers closer collaboration with customers.
Interior view of Firmenich’s newly designed West Coast Innovation Center in Anaheim, CA, which offers closer collaboration with customers.

"Our California facilities have been located in Anaheim since 1926 and this new site is an exciting step on our journey," said Chris Perkins, SVP Taste & Beyond North America, Firmenich. "The West Coast Innovation Center was designed as a rapid collaboration space to work more closely with customers across Food, Beverage and Nutrition, to cut the time from concept to creation and quickly pilot in the market. This new facility will take our capabilities to the next level as our customers’ trusted innovation partner."

"We have an entrepreneurial mindset and a dynamic team, just like our Firmenich founders, and our new facilities are the culmination of our hard work and truly collaborative approach. We’re eager to share this new development with our customers and partners," said Karl Witton, VP New Venture, Firmenich. "Our team at the site focuses on more than just flavor applications; they are product developers first. Taking this approach provides our customers with the unique resources, skills and focus to enable them to scale up their business."

The next phase of site enhancements will expand Firmenich’s current pilot plant capabilities to further prepare customers for scaled-up production, an expanded sample lab to support customers quickly and efficiently, and innovative software and technology solutions to digitally optimize the customer experience.

"This state-of-the-art facility and its integration with the global Firmenich network and regional areas of expertise, mirror our partnership with Stanford University on a next-generation research program and our San Diego taste research and development center. They enable Firmenich to move to the next era of excellence in taste and beyond," said Emmanuel Butstraen, President Taste & Beyond, Firmenich.

The new Firmenich facility is constructed with creative, cutting-edge architectural approaches and designs, leveraging modular construction principles. The facility’s interior design pays tribute to the building’s history in Anaheim and the entrepreneurial spirit of its past inhabitants and surrounding community

Learn more about Firmenich’s West Coast office and their entrepreneurial approach by visiting their website here.

About Firmenich

Firmenich, the world’s largest privately-owned fragrance and taste company, was founded in Geneva, Switzerland, in 1895 and has been family-owned for 125 years. Firmenich is a leading business-to-business company specialized in the research, creation, manufacture and sale of perfumes, flavors and ingredients. Renowned for its world-class research and creativity, as well as its leadership in sustainability, Firmenich offers its customers superior innovation in formulation, a broad and high-quality palette of ingredients, and proprietary technologies including biotechnology, encapsulation, olfactory science and taste modulation. Firmenich had an annual turnover of 3.9 billion Swiss Francs at end June 2020. More information about Firmenich is available at www.firmenich.com.

Photo – https://techent.tv/wp-content/uploads/2021/03/firmenich-unveils-newly-designed-west-coast-innovation-center-for-rapid-end-to-end-product-development.jpg
Logo – https://techent.tv/wp-content/uploads/2021/03/firmenich-unveils-newly-designed-west-coast-innovation-center-for-rapid-end-to-end-product-development-2.jpg

 

PR Newswire

TPConnects Partners With Gulf Air to Step Up Retailing Capabilities With IATA NDC Level 4 Certification

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Dubai-based TPConnects to launch a full-fledged, IATA NDC-enabled, distribution enabling Gulf Air to capitalize on revenue opportunities, increase loyalty and improve overall customer experience.

MANAMA, Bahrain, March 10, 2021 — Gulf Air, the national carrier of the Kingdom of Bahrain, announced it has achieved NDC Level 4 certification from the International Air Transport Association (IATA).

In line with Gulf Air’s digital strategy, the Level 4 certification will now empower the airline to provide the full extent of its Offer and Order Management and servicing capabilities to its direct and indirect distribution channels, including IATA and non-IATA members, across the globe. Gulf Air has partnered with TPConnects, an IATA NDC certificated IT Provider and Aggregator, as its technology partner to develop the NDC-enabled distribution platform.

In a challenging operating environment brought on by the Covid-19 crisis, this timely announcement marks a significant milestone for Gulf Air as it explores cost-saving and increased revenue-generating measures and seeks to leverage opportunities for top-line growth and bottom-line benefits. 

On the occasion of receiving the NDC Level 4 official certification, Gulf Air’s Chief Commercial Officer Mr. Vincent Coste said: "As part of our digital transformation, our focus continues to be on driving innovation and strengthening the value proposition through this downturn. With IATA’s NDC Level 4 certification, we are well-poised to improve the retailing and servicing experience across our global multi-channel distribution network, underpinned by a customer-centric approach. Apart from the anticipated cost savings, it will also give us the flexibility to create and fully control our inventory and content distribution across channels – from Online Travel Agencies, travel agents and Travel Management Companies (TMC) – providing easy access to rich content and differentiated, personalized and dynamic offers."

Commenting on the announcement, Rajendran Vellapalath, CEO, TPConnects, said, "As Gulf Air’s technology partner, we are committed to supporting the airline in an ever-changing landscape as it focuses on long-term growth and sustainability. Our NDC-based technology, including NDCMarketplace.com and Combined Airline API and Airline Agent Platform with air and non-air ancillaries, will enable Gulf Air to tap into revenue opportunities and reduce costs associated with distribution, while increasing customer loyalty and satisfaction. Under this partnership, we have plans in place to roll out Gulf Air’s NDC-enabled platform and deliver Live NDC transactions in March 2021."

In a time where agility and personalization are paramount, the Level 4 NDC certification will help Gulf Air to provide greater transparency, accelerate the speed of communication, swiftly address servicing requirements and serve a wide range of business needs with exclusive rich content and real-time personalized combinations of products and merchandising across its channels.

Travel and corporate partners, including IATA and Non-IATA travel agents, who wish to access Gulf Air’s NDC content will be able to register their interest on https://ndc.gulfair.com in the coming few weeks.

About Gulf Air

About TPConnects

More details contact George Rajan – VP Sales – TPConnects – Email george@tpconnects.com

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Gulf Air is Certified as IATA NDC Level 4

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Gulf Air is certified IATA NDC Level 4

PR Newswire

Leading facial recognition technology provider Corsight AI announces expansion into the Asia Pacific region

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SINGAPORE, March 3, 2021 — Corsight AI, a leading facial recognition technology provider, today announced that it has expanded its reach and offering throughout Asia Pacific and has appointed William Tan and Amit Sarkar to accelerate market growth and support the regional surge in demand for facial recognition technology. 

Rated highly by NIST and The US Department for Homeland Security, Corsight’s facial recognition technology is the only one on the market that allows for a more comprehensive, ethical and accurate detection of identifying individuals features, thereby driving down false positives and enhancing accuracy for users. This advanced technology exceeds the human brain’s ability to register and recognise faces in the most challenging environments — even with face masks that have become a significant part of our post Covid-19 reality.

This technology is becoming increasingly leveraged by organisations across Asia, even within markets that have been notoriously slow to approve such innovations, due to tight enforcement protocols. Facial recognition has been identified, along with edge computing, as a major trend[1] with the ‘Asia-Pacific Biometrics Market’ expected to grow from $5.39 billion in 2018 to $21.19 billion in 2025[2].

The appointment of William Tan to spearhead the expansion throughout Asia Pacific will significantly enhance Corsight’s operations and grow its market share. William Tan comes to Corsight AI from NEC Corporation, a multinational information technology and electronic company, where he served as Director for Global Face Recognition and Surveillance. Based out of Singapore, he will partner with Corsight AI’s new Regional Director of India, Amit Sarkar, as well as the Executive team to deliver on the company’s corporate and customer strategy.

Amit Sarkar will be specifically responsible for driving growth in India, as well as evangelising the ethical stance of facial recognition technology and its capabilities to be deployed as a force for good. This will be welcomed in a region that is harnessing facial recognition at scale, and rolling out one of the world’s largest government-operated facial recognition systems to keep people safe from real-time threats.

"This is the next stage in our growth plan and we are excited to expand our specialisms in emerging markets in Asia, including government agencies and companies in a variety of sectors, including law enforcement, tourism, hospitality, entertainment, among others." said Rob Watts, CEO of Corsight.

Watts continued: "The biometric market in Asia is maturing at pace, and we are delighted that William has joined us to drive strong regional growth. William’s extensive knowledge and experience working in the ICT industry, as well as his expertise in business development, channel partnerships, and strategic alliance sales and marketing, make him ideally suited as Asia Pacific’s Vice President. He has a proven track record and achievements in global product management of biometric and AI solutions, and I am confident that he will achieve great things in the region."

William Tan added: "It is a real privilege to work with such an innovative and experienced team and I look forward to contributing positively to Corsight’s growth plan, especially in Asia. Corsight’s product has proven itself to be a disruptive technology in multiple demanding industries. It is cutting edge and I can truly see its power as a force of good, with the many ways in which it can benefit societies."

Corsight AI will be expanding business in key regions in Asia including; Singapore, Thailand, Philippines, Indonesia, Malaysia, Vietnam, South Korea and India. For more information about Corsight AI, which is backed by over 250 patents, please visit www.corsight.ai.

About Corsight AI

Corsight AI, a leading facial recognition technology provider, is dedicated to creating a game-changing solution with unrivalled speed and accuracy. The technology is powered by Autonomous AI, the most advanced artificial intelligence system. Corsight AI works with government agencies and companies in a variety of sectors, including law enforcement, aviation, retail, entertainment, and more.

Corsight AI is jointly headquartered in the United States and UK, with R&D offices in Israel. For more information, please visit www.corsight.ai and follow us on LinkedIn.

[1] https://techwireasia.com/2020/10/facial-recognition-tech-will-boost-biometric-id-acceptance-in-sea/

[2] https://www.biometricupdate.com/201908/biometrics-market-in-asia-pacific-region-to-surpass-21b-by-2025

 

PR Newswire

Going global: EyeSee ventures into APAC, reinforces operations in North America

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GHENT, Belgium, Feb. 22, 2021 — EyeSee kicks off 2021 by broadening its global reach and capabilities with a new sales office in Singapore and an operations office in Mexico City. The award-winning company has been steadily doubling in size every year to meet the growing demand for agile & scalable behavioral research from clients such as Twitter, Microsoft, Colgate-Palmolive, J&J, Bayer, Disney, and many more.

Relying exclusively on online research technology (remote eye tracking and emotion tracking through facial expression) EyeSee was able to serve clients in all geographies from its beginnings, conducting research in 40+ countries. However, the fruitful relationships EyeSee forged with its clients drive demand for further global growth in exciting markets such as the APAC region and real-time support in North America.

Joris De Bruyne, EyeSee’s partner explains this step: "We are moving into Singapore to follow our clients, and we have already done projects with our blue-chip clients in Asia."

It is not just about scaling the operations – for Olivier Tilleuil, EyeSee’s founder and partner: "The ability to attract and help develop top-notch behavioral research experts in any market we do business in, is one of the most exciting and fulfilling aspects of this." He continues: "As our organization grows into a true global leader we have a chance to create true experts in our teams and a recognizable brand that stands for cutting-edge behavioral research."

The Singapore office will continue to develop EyeSee’s key accounts in the APAC region. It will be lead by Tom Vande Moortel, and the Mexican office setup is underway with Diego Adolfo Chávez Terrazas, an experienced researcher, who previously worked for Walmart, Colgate-Palmolive, Turner Media and Kantar – as the Country lead and Insights Director.

Tom Vande Moortel explained what sets EyeSee apart in a market brimming in innovation in a hub such as Singapore: "We are very excited to enter into a market with highly developed digital commerce, and our product portfolio is perfectly matched for clients in such an environment."

Diego Adolfo Chávez Terrazas sees the biggest opportunity in a new generation of researchers in Mexico: "We seek smart and talented people who will add value to our clients. For those talents who want to settle the new way of doing Marketing Research in a cooperative and innovative environment – EyeSee Mexico is the place to be."

https://eyesee-research.com/  

Related Links :

EyeSee Research
PR Newswire

Colt launches Global SIP Trunking service in South Korea; expands offering in the US

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By expanding its Voice presence in Asia and the United States, Colt continues to power enterprises’ digital transformations across the globe.

SEOUL, South Korea, Feb. 19, 2021 — Colt Technology Services has today announced an expansion of its global SIP Trunking offering to South Korea and six new US states; New Jersey, Florida, Tennessee, Massachusetts, Virginia and Washington – taking Colt’s global SIP trunking footprint to 27 countries globally.  

With this expansion, enterprises benefit from simplified telecommunications in a single IP network from one global provider, with uniformity and full regulatory compliance provided by Colt. This provides cost savings, removes the difficulties of managing multiple suppliers and eliminates any concerns of regulatory complexity around multinational operations.

Colt has 12 years’ experience in providing highly reliable business-grade SIP Trunking services and maintains a leading position in the SIP Trunk solution market, offering a feature-rich product that’s fully tested and certified for all main IP PBX vendors. Delivered on the high bandwidth Colt IQ Network, Colt is able to provide an end-to-end Quality of Service (QoS), including high performance low latency fibre routes, traffic prioritisation with MPLS and many other features.

To evolve with international customers’ changing business needs, Colt continues to expand in these additional regions to demonstrate the importance of Asia and the US to Colt’s ever-growing footprint. This announcement follows the expansion of its SIP Trunking and Voice proposition to Hong Kong and Singapore last year.

Colt’s Vice President Product Portfolio, Peter Coppens, said: "Colt has always invested in its Voice proposition and it will continue to do so. In the last year, we have seen the demand for voice services increase significantly as enterprises shifted to remote working. The world has changed dramatically and we are proud to continue to enable our customers with market-leading voice services, supporting global operations today and powering digital transformations for the future."

"We are excited to continue to expand our global SIP Trunking offering because we know it means Colt is better able to support enterprises’ growth plans in Asia and the US in 2021."

The new regions announced today are in addition to the 26 where Colt SIP Trunking services are already available. They are: Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Portugal, Spain, Switzerland, Sweden, UK, Japan, Norway, Finland, Poland, Czech Republic, Romania, Luxembourg, Slovakia, Australia, Canada, USA — New York, Hong Kong and Singapore. Services are available in South Korea and the new US states from today.

About Colt

Colt strives to transform the way the world works through the power of connectivity – taking what’s always been in its DNA to enable customers’ success. The Colt IQ Network connects more than 900+ data centres and over 29,000 on net buildings across Europe, Asia and North America’s largest business hubs.

Colt understands today’s shifting connectivity requirements and provides agile, on-demand and secure high bandwidth networking and voice solutions to ensure enterprises can thrive. Customers include data-intensive organisations spanning over 210 cities in more than 30 countries. Colt is a recognised innovator and pioneer in Software Defined Networks (SDN) and Network Function Virtualisation (NFV). Privately owned, Colt is one of the most financially sound companies in the sector, and because of this, it’s able to put its customers’ needs at its core. For more information, please visit www.colt.net.

Related Links :

http://www.colt.net

PR Newswire

uCloudlink Expands Footprint in North America With New business Partners

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HONG KONG, Feb. 15, 2021 — UCLOUDLINK GROUP INC. ("uCloudlink") (NASDAQ:UCL), the world’s first and leading mobile data traffic sharing marketplace, is accelerating its global expansion plans with the addition of new business partners in North America. uCloudlink has recently established a partnership with Cello Mobile International ("Cello") in a move that sets the foundation for its future growth in the region.

A leading source of mobile data services and international cell phone services for travelers in the U.S. and Canada, Cello provides a range of voice and data solutions ranging from wireless hotspot rental and smartphone rental to international SIM cards. Cello has purchased uCloudlink’s GlocalMe devices and corresponding data services package to resell to its corporate and individual users.

The partnership comes following a significant period of growth for uCloudlink’s GlocalMe brand in the United States. Despite the impacts of COVID-19, GlocalMe saw traffic double for its local e-Commerce website in the past six months, and the number of American-based monthly registered users in its APP reached a new high in the final quarter of 2020.

As more people work and study remotely, the demand for reliable, portable network connectivity is stronger than ever before. GlocalMe devices and data packages offer full-frequency support with a stable network, flexible data plans and high-speed connections supported by uCloudlink’s Cloud SIM technology and platform — elevating users’ experience to enjoy wider coverage and a stable connection anywhere at any time.

Powered by its innovative PaaS and SaaS platform, uCloudlink’s Cloud SIM technology delivers superior connectivity by integrating the relevant resources of various data service suppliers and business partners worldwide; then intelligently allocating them to end-users to elevate users’ experience. Through its asset-light model, multiple partnership arrangements, and easy-to-scale business ecosystem, uCloudlink provides partners with a multitude of benefits, ranging from superior service for end-users, the extension of offerings or new business development and additional revenue streams.

With a foothold in Japan, US, Europe and other countries and regions, uCloudlink has already established itself as the leader in mobile data traffic sharing around the world. The new cooperation with Cello is another step in uCloudlink’s global expansion plans, as it seeks to enable more users around the world to connect and share without limitations.

About UCLOUDLINK GROUP INC.

uCloudlink is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

CONTACT:
Carina Cheung
carina-pr@ucloudlink.com

PR Newswire

Palma Ceia SemiDesign Expands Asia Team, Names Bo Liu Senior Director of Engineering in China

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Experience includes work at Alcatel, AMD and Huawei

SANTA CLARA, California, Feb. 9, 2021 — Palma Ceia SemiDesign, a fabless semiconductor company specializing in wireless connectivity solutions, today announced Bo Liu has joined the company as senior director of Engineering in China. Liu reports to Executive Vice President, Program Management Kevin Steptoe.

"Bo will be responsible for all engineering activities in China and be directly involved in driving the success of our customer and partner engagements there," Steptoe said. "His strong technical background, and international experience in telecom GPU, CPU and SoC design, will be of great benefit to the company."

Before joining Palma Ceia, Liu served as senior director for wireless IC Design at Shanghai Artosyn Microelectronics. Previous experience includes engineering roles with Advanced Micro Devices, Huawei, Freescale and Alcatel. He was also principal engineer at worldwide ASIC design consultancy and semiconductor solution provider Sondrel, where his assignments included projects for Intel and Cisco.

Liu holds BS and MS degrees in Electronic Engineering from Xidian University in Xi’an, China.

"The developments Palma Ceia has made in Wi-Fi technology make this an exciting time to join the company," Liu said about joining Palma Ceia. "Our Wi-Fi HaLow and Wi-Fi 6 offerings will enable some of the latest applications in IoT, smart factory and other domains."

About Palma Ceia SemiDesign
Palma Ceia SemiDesign (PCS) is a fabless semiconductor company and leading provider of communication semiconductors and IP for next-generation Wi-Fi and cellular applications. With a focus on emerging Wi-Fi and LTE standards, particularly for IoT (Internet of Things), PCS targets the design of ICs for broadband, wireless, medical and automotive applications. Palma Ceia SemiDesign solutions are differentiated by low power, high performance and ease of integration.  Headquartered in the Cayman Islands, the company has design and sales support centers in Cambridge (United Kingdom), mainland China, Hong Kong, and McKinney, Texas (United States). PCS is soon expanding to provide direct support for Israel, Japan, Korea and Taiwan. Visit Palma Ceia SemiDesign on the web at pcsemi.com.

Palma Ceia SemiDesign and the Palma Ceia SemiDesign logo are trademarks of Palma Ceia SemiDesign, a Cayman Islands corporation, and are protected by trademark laws of the United States and other jurisdictions. All other product and company names are trademarks or registered trademarks of their respective companies.

Palma Ceia SemiDesign Media Contact
Milan G. Lazich
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CLPS Incorporation Signs IT Services Contract with a Large E-Commerce Platform in the U.S., A Major Achievement in Global Expansion Strategy

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HONG KONG, Feb. 8, 2021 — CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that, through its wholly-owned subsidiary, CLPS Technology (California) Inc. ("CLPS California"), it has signed a Master Services Agreement with a large U.S. e-commerce platform (the "Client"). CLPS will provide IT services, including big data management for the Client’s cross-border e-commerce system.

Since 2014, CLPS has been providing IT services to the Client’s R&D center in Mainland China. With the long-standing business relationship and mutual trust between the two parties, CLPS has eventually secured an IT services contract directly from the Client’s headquarters in the U.S., which marks a significant milestone on its global expansion strategy. As a result, CLPS is also expected to participate and provide IT services on the Client’s global R&D centers.

Mr. Henry Li, Chief Operating Officer of CLPS, said, "CLPS California has been strategically developing its business in the U.S. market. The contract we gained from the U.S. is a proof of our commitment as a reliable IT services provider in the global market perspective. The continued trust and recognition from our blue-chip clients serve as our motivation to introduce more business opportunity in the global market going forward."

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT"), consulting and solutions service provider focusing on the banking, insurance and financial sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong, and their PRC-based IT centers. The Company maintains 19 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Chengdu, Guangzhou, Shenzhen, Hangzhou, Suzhou, and Hainan. The remaining eight global centers are located in Hong Kong SAR, USA, UK, Japan, Singapore, Malaysia, Australia, and India. For further information regarding the Company, please visit: http://ir.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, and Twitter.

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s financial and operational performance in the second half and full year of fiscal 2020, its expectations of the Company’s future performance, its preliminary outlook and guidance offered in this presentation, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact: 

CLPS Incorporation
Rhon Galicha
Investor Relations Office 
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

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http://www.clps.com.cn