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PR Newswire

AxiomSL releases regulatory disclosure support for financial institutions participating in the Australian government’s COVID-19 SME Guarantee Scheme

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SYDNEY, April 29, 2020 /PRNewswire/ — AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, today announces they have provided clients in Australia with a new release of their Australian Prudential Regulation Authority (APRA) reporting solution, to incorporate the brand new ARS 920 (COVID-19 SME guarantee scheme) requirements. This scheme was announced on 16 April 2020 and AxiomSL is pleased to deliver an automated solution for this weekly report, before the first collection date on 1 May 2020.  

This new reporting standard has been recently released by APRA and has a very short runway, before being effective due to the pressing nature of the COVID-19 situation, both locally and globally. This collection includes granular levels of individual loan-level data, following the global trend for regulators to ask for more detailed information on a much quicker reporting cycle. This trend can also be seen with APRA’s recent announcement about new data collections around the early release initiative for superannuation funds and Registered Superannuation Entities (RSEs), with a weekly reporting schedule.

Andrew Wood, Country Manager (Australia) AxiomSL, said: “I’m exceptionally proud of the way our local and international teams have adjusted their daily working practices to deliver throughout this pandemic.  The rapid release of ARS 920 is an example of how client and supplier teams need to work closely together as new risk and regulatory obligations emerge during this period of disruption.”

About AxiomSL
AxiomSL is a global leader in risk analytics, data-management, and regulatory-reporting solutions. Leveraging more than 25 years’ experience, AxiomSL combines its deep industry experience and intelligent data-management platform to deliver solutions and services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions, and tax analytics. The platform can be deployed on premise or on the cloud. Its client base spans regional and global financial institutions with more than $43 trillion in total assets and investment managers with more than $11 trillion in assets under management. Its coverage encompasses more than 110 regulators across 55 jurisdictions. AxiomSL is in the top 20 of the Chartis RiskTech100® 2020 ranking.

For more information, visit www.axiomsl.com.

Contact us
Gan Rachael
Associate Marketing Manager, AxiomSL APAC
+65 6955 7660
rgan@axiomsl.com

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PR Newswire

Gridsum Receives NASDAQ Notice Regarding Non-Compliance with Minimum Bid Price Requirement

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BEIJING, April 23, 2020 /PRNewswire/ — Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today announced that on April 17, 2020, it received a letter (the “Nasdaq Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), indicating that for the last thirty consecutive business days, the bid price for the Company’s American depositary shares (the “ADSs”), each representing one Class B ordinary share of the Company, had closed below the minimum $1.00 per ADS required for continued listing under Nasdaq Listing Rule 5550(a)(2).

The Nasdaq Letter has no immediate impact on the listing of the ADSs on Nasdaq. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day grace period to regain compliance with the minimum bid price requirement. The continued listing standard will be met if the closing bid price of the ADSs is at least $1.00 per ADS for a minimum of ten consecutive business days during such compliance period.

The Nasdaq Letter further indicated that Nasdaq filed an immediately effective rule change with the U.S. Securities and Exchange Commission on April 16, 2020. Pursuant to the rule change, Nasdaq tolled the compliance period for bid price and market value of publicly held shares requirements through June 30, 2020. As a result, the 180-day compliance period will be reinstated on July 1, 2020, and expire on December 28, 2020. Accordingly, if at any time during the tolling period or the 180-day compliance period the closing bid price of the Company’s ADSs is at least $1.00 per ADS for a minimum of ten consecutive business days, the Company will regain compliance with Nasdaq Listing Rule 5550(a)(2), and Nasdaq will provide the Company with written confirmation of compliance.

If the Company does not regain compliance with Rule 5550(a)(2) by December 28, 2020, the Company may be eligible for an additional 180-calendar day compliance period. To qualify, the Company must submit to Nasdaq an application to transfer its Nasdaq listing from the Nasdaq Global Select Market to the Nasdaq Capital Market. Additionally, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split if necessary. However, if Nasdaq concludes that the Company will not be able to cure the deficiency, or if the Company determines not to submit a transfer application or make the required representation, Nasdaq would notify the Company that its securities will be subject to delisting. In the event of such a notification, the Company may appeal Nasdaq’s determination to delist its securities, but there can be no assurance that Nasdaq would grant any request for continued listing.

The Company intends to monitor the bid price of its ADSs and consider available options if its ADSs do not trade at a level likely to result in the Company regaining compliance with Nasdaq Listing Rule 5550(a)(2) by December 28, 2020. However, there can be no assurance that the Company will be able to regain compliance or that Nasdaq will grant the Company a further extension of time to regain compliance, if necessary.

This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.

About Gridsum

Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform and the Gridsum Prophet: Enterprise AI Engine, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better-informed decisions and be more productive.

For more information, please visit http://www.gridsum.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Forward-looking statements involve inherent risks and uncertainties. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to general economic conditions in China, unexpected difficulties in pursuit of our business strategy, unpredictable demand for solutions we have developed, difficulties keeping and strengthening relationships with existing customers or expanding our customer base, availability of additional capital when needed, uncertainties associated with our repayment of indebtedness and our ability to maintain listing for trading on The Nasdaq Stock Market, and uncertainty about the Proposal. Further information regarding these and other risks is included in Gridsum’s annual report on Form 20-F and other reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

Investor Relations

Gridsum
ir@gridsum.com

Christensen

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

In U.S. 
Mr. Tip Fleming 
Phone: +1 917 412 3333 
Email: tfleming@christensenir.com

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Source: Gridsum Holding Inc.

PR Newswire

COVID-19 Pandemic Impact: 80% Surge in Wi-Fi Upload Traffic Reaffirms Need for Wi-Fi 6, Wi-Fi 6E, and Wi-Fi Mesh Adoption

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ABI Research whitepaper identifies the short-and long-term impacts the global pandemic will have on Wi-Fi, Bluetooth, and Wireless Connectivity

OYSTER BAY, New York, April 22, 2020 /PRNewswire/ — COVID-19 has had an immediate impact on Wi-Fi infrastructure, proving existing infrastructure is inadequate. Wireless networks are now facing a higher capacity with more traffic and users are finding their existing home Wi-Fi network, and the wider broadband infrastructure, is inadequate or incapable of supporting the recent 80% increase in upload traffic, states global tech market advisory firm, ABI Research.

“The outbreak of COVID-19 is creating a need for flexibility that will fuel the future of connectivity,” says Andrew Zignani, Principal Analyst at ABI Research. Many users are still likely to be using outdated Wi-Fi equipment with legacy Wi-Fi standards, such as 802.11n, rather than the latest Wi-Fi 6, which has specifically been designed to deal with better provision in more crowded networks. “There will be renewed incentive for mesh Wi-Fi that can provide sufficient high-speed coverage to multiple users throughout the home,” Zignani explains. At the same time, companies will need to ensure they have the right infrastructure in place so large numbers of employees can concurrently connect to company Virtual Private Networks (VPNs). Many companies may not have VPNs at all, while capacity limitations could put companies at further risk of security breaches or slow down productivity further.

“The hope, of course, is that the impact of COVID-19 will be very short lived, and that people will be able to return to work, school, and normality as swiftly as possible. In the longer term, today’s necessities could lead to an increased desire and testbed for flexible and remote working and learning in the future, while companies may shift marketing and business resources away from conference-centric approaches toward new online and virtual marketing tools, particularly as additional concerns grow over the impact of climate change via international travel,” says Zignani.

“In the longer term, it could lead to a reassessment of how many modern workplaces and working relationships are structured, reducing the impact of long commutes and travel, enabling more flexible working and remote collaboration. In order to achieve this, additional resources will need to be devoted to VPNs, secure home networking, and remote working/conferencing software,” Zignani recommends. “Alongside this, further investment will need to be made to ensure home broadband infrastructure can support high-speed Wi-Fi Internet access.” Education will need to be provided on how to optimize and get the best out of home Wi-Fi networks. Employees will need to be equipped with equipment that can support robust, efficient, and low latency Wi-Fi standards, while various organizations around the globe will need to open up additional spectrum, such as 6 Gigahertz (GHz) to ensure the capacity of Wi-Fi networks can meet a global increase in demand for video, collaborative tools, and other data-heavy traffic going forward.

However, all these longer-term transformations require a deep understanding of the need for high-speed, highly secure wireless infrastructure to and within the home. “This could lead to greater incentives being placed on rolling out high-speed fiber or last-mile networks, better awareness of the need for robust whole-home connectivity via mesh systems, and the adoption of 6 GHz Wi-Fi and the latest Wi-Fi standards. In addition, it could lead to greater home Wi-Fi security, improved cybersecurity education, and a better understanding of the need for additional Wi-Fi capacity in the years to come,” Zignani concludes.

For a clearer picture of the current and future ramifications of COVID-19 across technologies and industries, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets.

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

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

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

Contact Info: 

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

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COVID-19 Pandemic Impact: Freight Activity Falls After Historic Rise with Disruption Ahead – Double Digit Impact Expected in Q2

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ABI Research whitepaper identifies the short-and long-term impacts the global pandemic will have on Freight Transportation and Logistics

OYSTER BAY, New York, April 21, 2020 /PRNewswire/ — It is no surprise that the COVID-19 outbreak has led to panic buying of items such as toilet paper and sanitizing supplies. However, this buying behavior has led to a massive need for trucks to help restock stores, shrinking the capacity available for other products. The result is a historically tight trucking market that has dropped 20% in volume in just the last two weeks, states global tech market advisory firm, ABI Research.

“Rising costs, shrinking capacity, and panicked customers are shaking up the freight transportation and logistics markets,” says Susan Beardslee, Principal Analyst at ABI Research. The American Association of Port Authorities sees 1Q volume decreased by at least 20%, including blank sailings, which may cost carriers US$1.9 billion. Rail freight is also impacted with intermodal down by approximately 50%, including from California’s Long Beach and Los Angeles ports (the leading container ports in the United States and the busiest in the Western Hemisphere). Global air cargo volumes for the last month are expected to be down 9%. New restrictions on passenger travel from much of Europe to the United States will further affect air cargo capacity. DHL alone is reporting an impact of US $79 million to February earnings. All of this adds to the already existent decreases due to the China-U.S. tariff tensions.

“In the short term, there has been more than a six-week delay in shipments for cargo sourced from China. Other markets from Vietnam to Mexico often rely on Chinese components and raw materials, creating a knock-on effect to the supply chain, including transportation and logistics. The initial loss of road transport demand has begun in the ports and is moving to the warehouses and inland routes. Cargo capacity demand in China is beginning to demonstrate some initial signs of growth, with airfreight between China and the United States growing 27% over the last 14 days, creating a demand/supply imbalance,” Beardslee explains. This capacity challenge will move to containers (stranded outside of China) and trucks. However, as the virus has continued to spread outside of China, government actions have included restrictions on travel from 26 European countries to the United States. “Belly cargo” (air cargo) is transported via passenger flights, estimated to be 50% of all air cargo. When this capacity is drastically removed between Europe and the United States, availability will be significantly impacted and spikes in pricing are expected.

“In the longer term, there is little visibility to forecast, which will have a material impact on transportation and logistics this year. The virus is now impacting the global supply chain, with a current estimate of 113 countries identified as reporting cases. Transportation requirements will be hard to predict. Both capacity and pricing swings are anticipated across transportation modes, with the associated impact to shippers worldwide,” says Beardslee.

Shippers need to evaluate options and model changes across modes of transportation, considering interruptions, delays, and significant price increases. Both manufacturers and retailers need to develop prioritization plans for customers, potentially with set limits per customer. Systems integration whenever possible (ERP, Transportation Management System (TMS), Warehouse Management System (WMS)), along with predictive analytics/scenario modeling, is ideal. “Finally, keep in mind that as some countries begin to scale up production and transportation, others may move into containment strategies to address an outbreak. This will require near-real-time visibility across modes and the flexibility to adjust everything from inventory quantities and locations to substitution whenever possible,” Beardslee advises.

For a clearer picture of the current and future ramifications of COVID-19 across technologies and industries, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets.

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

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

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

Contact Info:                                                              

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

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PR Newswire

Audiens Bolsters Its Innovative Customer Data Platform with $8M Strategic Investment from Tech Giant NHN

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The Audiens Customer Data Platform (CDP) gives digital marketers the ability to instantly personalize their data on their terms, get more out of their customer data and cut the waste from their advertising spend

SAN JOSE, California and CAMBRIDGE, United Kingdom, April 21, 2020 /PRNewswire/ — Audiens, a global independent customer data platform and audience management tool, has received an $8M (£6.5 M) cash investment from South Korea’s NHN Corp. This is the first investment in a European technology company for NHN. The investment accelerates Audiens international expansion plans and strengthens the team in key European markets.

In addition to enriching the Audiens CDP product, the investment opens a new channel for NHN data technology to reach global customers beyond South Korea.

Jonathan Brech, previously Chief Commercial Officer at Audiens, has been appointed CEO to lead the expanded business along with Marko Maras, founder of Audiens, will now head-up product strategy and innovation. Brech was previously the CEO at Cambridge Data, which advised major organizations to develop world-class data-driven capabilities.

NHN has vast quantities of consumer behavior data and is one of the few tech giants outside the western walled gardens of Amazon, Google, Facebook, Apple and Microsoft. Their focus on cloud, data, advertising, fintech and entertainment will enable Audiens to deliver unique competitive audience insight.

With the investment, Audiens plans to augment its plug and play audiences to deliver automatic audience identification and prioritization technologies. They’ll use advanced data processing techniques based on cloud data experience and machine learning techniques from NHN. The company will also embed new standard mathematical models into their CDP and ramp-up data science capabilities to embed better consumer behavior models in the audience management platform.

“Powerful industrial-strength functionality is moving out of the IT and business information domain and directly to the marketing user, to control and evolve, Audiens gives marketers instant visibility on their audience behavior,” said Jonathan Brech, CEO of Audiens. “Our audience management platform also lets marketing collaborate with colleagues on which ‘nudges’ work best to push different audiences to the next most desirable outcome — whether that’s buying media in a smarter way or messaging via email, messenger platform, etc. It’s a much faster way of understanding and responding to the way your consumers are behaving.”

“Audiens has a unique vision to automate audience identification and optimization using data science and machine learning techniques,” said JS Lee, Director of NHN. “By supporting them with our data science, technology and advertising leadership, plus our extensive customer insight data, we can deliver an exciting marketing game-changer.”

“The continued evolution of CDP’s as a result of the elimination of third-party data shows the strength of the CDP platform to marketers. CDPs are a critical technology to any marketer who needs to turbocharge their first-party data and build and manage audiences for engaging marketing campaigns,” said Brech. “CDP’s are the new must-have model for high-impact marketing and this investment from NHN proves the value of our technology platform.”

“Adding NHN’s technology and data science muscle to the simplicity and easy deployment of Audiens CDP platform, gives our global customers the ability to create marketing campaigns that create value faster for their brand,” added Brech. “The investment accelerates our data science studio capabilities and augments our international sales and marketing program.”

Customers, including ING, Iper and Unieuro, use Audiens to optimize their marketing, grow customer lifetime value by up to threefold and achieve up to 50% savings in advertising cost per acquisition (CPA).

For more information about Audiens and their audience management platform, go to www.audiens.com. For more information about NHN go to https://www.nhn.com.

Media contact: press@audiens.com

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PR Newswire

Frost & Sullivan Reveals Key Growth Strategies and Technologies to Upgrade Your Customer Experience

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SANTA CLARA, California, April 20, 2020 /PRNewswire/ — COVID-19 has hit us fast and furiously in 2020. A general lack of preparedness in customer care has revealed each industry’s weaknesses and vulnerabilities. Every vertical market has its unique challenges, but the concerns that are universal for all include lack of bandwidth, secured networks, and reliability. In this volatile and unpredictable environment, our global customer experience team will weigh in on key strategies and technologies companies in all sectors should leverage and monitor closely.

Key strategies and technologies in customer experience
Key strategies and technologies in customer experience

Frost & Sullivan invites you to join industry experts Alpa Shah, Juan Gonzalez, Michael DeSalles, Alexander Michael and Krishna Baidya for the Growth Opportunity briefing, “Key Growth Strategies and Technologies to Upgrade Your Customer Experience amidst the Pandemic,” on April 29 at 11 a.m. EDT. The briefing will discuss ways to deliver secure, high-quality, and stable CX services to your clients to gain a competitive advantage during these uncertain times, including the optimization of your artificial intelligence, robotic process automation, and virtual agents.

For more information and to register for the webinar, please visit: http://frost.ly/42n

Key benefits of attending this webinar:

  • Discover the major issues companies experienced with technologies and processes to support their customers and how they overcame them
  • Find out success factors for organizations that are coming out of this unscathed or even growing
  • Identify key technologies that will see an acceleration in growth over the next year or two
  • Determine top strategies CX companies can focus on over the next few months
  • Learn about best practices and recommendations for BPOs and solutions providers

The event will also be recorded and available on demand at http://frost.ly/1ti. 

About Frost & Sullivan

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

Press Contact: 

Francesca Valente
Frost & Sullivan     
+1 (210) 348 1012
francesca.valente@frost.com

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PR Newswire

Luokung Received NASDAQ Notification Letter

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BEIJING, April 18, 2020 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), On April 13, 2020, Luokung Technology Corp.  (the “Company”) received a notification letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the bid price for the Company’s common stock for the last 30 consecutive business days had closed below the minimum $1.00 per share required for continued listing under Nasdaq Listing Rule 5550(a)(2).

The notification received has no immediate effect on the listing of the Company’s common stock on Nasdaq. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180 calendar day grace period, or until October 12, 2020, to regain compliance with the minimum bid price requirement. The continued listing standard will be met if the Company evidences a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days during the 180 calendar day grace period. In order for Nasdaq to consider granting the Company additional time beyond October 12, 2020, the Company would be required, among other things, to meet the continued listing requirement for market value of publicly held shares as well as all other standards for initial listing on Nasdaq, with the exception of the minimum bid price requirement. If measured today, the Company would qualify for Nasdaq’s consideration of an extension because the Company currently has stockholders’ equity of at least $5 million. In the event the Company does not regain compliance with the $1.00 bid price requirement by October 12, 2020, eligibility for Nasdaq’s consideration of a second 180 day grace period would be determined on the Company’s compliance with the above referenced criteria on October 12, 2020.

The Company is diligently working to evidence compliance with the minimum bid price requirement for continued listing on Nasdaq; however, there can be no assurance that the Company will be able to regain compliance or that Nasdaq will grant the Company a further extension of time to regain compliance, if necessary.

About Luokung Technology Corp.

Luokung Technology Corp. is one of the global leading spatial-temporal big-data processing technology companies and a leading interactive location-based services company in China. The core business brands of the Company are “Luokuang” and “Superengine”. The Company mainly provides spatial temporal big data PaaS, SaaS and DaaS intelligent services based on its self-developed patented technology which can be applied in Mobile Internet LBS, Internet Travelling, Intelligent Transportation, Automatic Drive, Smart City, Intelligent IoT, Natural Resources Exploration and Monitoring and so on. These services are integrated intelligent computing and application services for spatial temporal data which including but not limited to Satellite and UAV Remote Sensing Image Data, HD Map, 2D and 3D Internet Map, Real-time Trajectory, IoT Industrial Stream Data. For more information please go to http://www.luokung.com.

Business Risks and Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

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Source: Luokung Technology Corp.

PR Newswire

The Red Flag Group’s 2019/20 annual report shows their continued growth in revenue and their commitment to helping companies make better business decisions in critical times

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MADRID, Spain and HONG KONG, April 17, 2020 /PRNewswire/ — The Red Flag Group®, a global leader in providing due diligence reports, data, intelligence and technology solutions, has released its annual report for 2019/20.

As a trusted provider of information, data and intelligence to global companies across a wide range of industries, The Red Flag Group® continued to expand its client base with revenue growth. In spite of a challenging year for the collection and analysis of information in several countries, the firm achieved a 96.7 percent on-time delivery rate of their research reports, allowing their clients to truly assess the health and risks of their potential counterparties. 

The report demonstrates how The Red Flag Group® has committed to helping companies make better decisions when selecting key stakeholders despite the unexpected events of the last year, such as the wildfires in Australia, social situations in Hong Kong, conflicts in the Middle East, volcano eruptions in the Philippines and global meltdown following the COVID-19 outbreak.

“No longer do companies simply sign up a supplier, partner or distributor without a series of deep dives into their operations, structure, risk profile, leadership and financials. Companies are considering these relationships very carefully and assessing them across a variety of risks, from corruption and money laundering through to financial and environmental risks and community engagement. Added to that list in 2019 was the risk of continuity of business,“ said Scott Lane, The Red Flag Group®’s CEO & Chairman.

“The data that allows companies to make a decision on how to proceed is provided by us, and the technology solution and support for risk identification and classification is made by us. Together they allow us to provide a unique offering to those global companies that are aware that they will be judged by the quality of their suppliers and partners in the eyes of the law, the media and society. We are convinced that our success is dependent on effectively managing our technology assets, our data assets and our people,“ affirmed Scott Lane. “We remain committed to developing our product portfolio to support our vision of helping our customers make better decisions when selecting their key stakeholders.“

The annual report includes also a special article underlining the valuable contribution that the female professionals in compliance keep bringing every day to the development of The Red Flag Group®. The firm believes that company boards that embrace gender diversity significantly outperform those that do not, and boasts a workforce of over 47 percent women, who are present on every level and in every department of the firm. 

Read the full Annual Report 2019/20 https://insights.redflaggroup.com/annual-reports/our-annual-report-2019-20

About The Red Flag Group®   

For almost 15 years it has been a main goal of The Red Flag Group® to help companies select the best customers, suppliers and business partners by providing data, intelligence and rating solutions across all industries and countries. With our curated data, intelligence and rating solutions, our clients make Better Decisions™ when selecting companies and people they engage with, allowing them to not only meet their own statutory compliance obligations, but to also drive up standards and improve society’s future outlook. 

We believe that organisations recognise their critical role in ending corruption, money laundering and child and forced labour with a commitment to the highest standards of ethics, compliance and social governance to make a significant contribution in society. For more information, go to http://www.redflaggroup.com.  

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PR Newswire

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

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

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

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

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

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

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

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

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

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

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

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