Tag Archives: EDA

PR Newswire

FIC, the CES 2021 Honoree, Intelligent AR HUD for Commercial Vehicle

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TAIPEI, Jan. 22, 2021 — In recent years, FIC (First International Computer) group focuses its core business in automotive electronic design, especially for car manufacturers and Tier 1, Tier 2 suppliers. After years of efforts, FIC has successfully developed full color laser beam scanning (FCLBS) technology for AR HUD product; and in early 2021, FIC was awarded as the CES 2021 Innovation Honoree. Mr. Alex Dee, the vice president of automotive electronic R&D department of FIC group, said: "many of the HUD products out there in the market today are built by applying TFT or DLP technology, and most of them will reduce the display clarity due to the influence of natural light, which will cause the driver’s eyes to be tired easily and the projected images become blur in some way. FCLBS technology is mainly designed to prevent from direct sunlight affecting the projected images, and through the automatic sensing system to detect environment light source and automatically adjust the projection brightness during driving. It gives drivers the most comfortable, clearest and safest imaging effect from any weather while driving.

FIC, the CES 2021 Honoree, Intelligent AR HUD for Commercial Vehicle
FIC, the CES 2021 Honoree, Intelligent AR HUD for Commercial Vehicle

In recent years, augmented reality technology has evolved from 2D images to 3D projection, which is integrated into our real life environment, bringing people diverse and different life experience and convenience. Similarly, when AR technology is applied to our daily driving, all data information of vehicle will no longer be limited just to the digital instrument cluster, or the advanced driver assistance system (ADAS), which will integrate with traffic environment in 3D virtual projection and directly display information on the windshield in front of the driver’s eyes, making driving safer and more convenient.

As the core technology of FIC AR HUD, FCLBS can still clearly project the AR images to 5-50 meters ahead on the road under strong sunlight, heavy rain and foggy situations, which becomes a new way of driver’s safety navigation warning path while driving. In addition, eye tracking technology has been applied into the FIC augmented reality head-up display system, so it can automatically track on drivers’ eyes and provide vehicle information like speed, navigation, traffic warning, forward collision detection, lane departure warning, pedestrian detection, traffic sign recognition and other important warning signals on the windshields in order to assist the drivers pay more attention on the road instead of looking down on the cluster upon driving, which gives more safety and convenient driving experience.

At the same time, when these messages are displayed through AR technology, the virtual images and the real traffic environment are integrated in 3D in order to provide the driver with clearer, safer and more convenient driving experience; even through the combination with ADAS technology, the driver can quickly response to any sudden situation such as pedestrians, objects, blind spots and dead corners around the vehicle as being a traffic safety reminder.

Hence, Alex believes FCLBS will become a significant core patented technology of FIC for future HUD product design and widely be embedded into electric and commercial vehicles starting from 2023.

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PR Newswire

Hollysys Announces Management’s Plan to Purchase Public Market Shares

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BEIJING, Jan. 8, 2021 — Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announces that it has been notified that certain members of the Company’s management team plan to purchase the Company’s ordinary shares from the public market at market prices.  The share purchases will be conducted by a special purpose vehicle beneficially owned and funded by management of the Company.  They expect to purchase shares in an aggregate value of up to US$50 million over a six-month period. Shares purchased by management will be subject to a voluntary lock-up period of at least  24 months.  Management will be subject to the Company’s insider trading policy and the SEC reporting obligations.

Ms. Li Qiao, Chairwoman of the Hollysys board, said, "management’s plan to purchase public market shares demonstrates management’s confidence in the Company and their ongoing commitment to delivering value to our shareholders."

About Hollysys Automation Technologies Ltd.

Hollysys is a leading automation control system solutions provider in China, with overseas operations in eight other countries and regions throughout Asia. Leveraging its proprietary technology and deep industry know-how, Hollysys empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence which are critical to their businesses. Hollysys derives its revenues mainly from providing integrated solutions for industrial automation and rail transportation. In industrial automation, Hollysys delivers the full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management and cloud-based applications. In rail transportation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for high-speed rail and urban rail (including subways). Founded in 1993, with technical expertise and innovation, Hollysys has grown from a research team specializing in automation control in the power industry into a group providing integrated automation control system solutions for customers in diverse industry verticals. Hollysys had cumulatively carried out more than 30,000 projects for approximately 17,000 customers in various sectors including power, petrochemical, high-speed rail, and urban rail, in which Hollysys has established leading market positions.

SAFE HARBOUR

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding: the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys’ management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contact information:
Hollysys Automation Technologies Ltd.
www.hollysys.com
+8610-5898-1386
investors@hollysys.com

Related Links :

http://www.hollysys.com

PR Newswire

Hollysys’ Board of Directors Rejects Unsolicited Offer

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BEIJING, Jan. 8, 2021 — Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), today announced that its Board of Directors (the "Board"), after careful review and consideration and with the assistance of its executive management team as well as outside financial and legal advisors, has determined that the unsolicited offer made by Mr. Baiqing Shao, CPE Funds Management Limited and purportedly on behalf of Ace Lead Profits Limited (collectively, the "Consortium") on December 7, 2020, to acquire all of the outstanding ordinary shares of the Company for $15.47 in cash per ordinary share, substantially undervalues the Company and is not in the best interest of the Company’s shareholders.

"Our Board is confident in Hollysys’ strategic direction," said Ms. Li Qiao, Chairwoman of Hollysys. "We believe that the Company has significant value creation potential as a result of its leading position in the automation industry and strong research and development capabilities.  Our pursuit of enhanced operational safety, reliability and efficiency, supported by our proprietary technology and industry know-how, enable us to provide better integrated solutions to our customers and allow us to continue to deliver value to our shareholders.  We believe the Consortium’s unsolicited proposal would deprive our shareholders of the value inherent in Hollysys for inadequate consideration.  Our Board is committed to enhancing value for the Company’s shareholders and will protect shareholders against non-strategic or undervalued proposals."

About Hollysys Automation Technologies Ltd.

Hollysys is a leading automation control system solutions provider in China, with overseas operations in eight other countries and regions throughout Asia. Leveraging its proprietary technology and deep industry know-how, Hollysys empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence which are critical to their businesses. Hollysys derives its revenues mainly from providing integrated solutions for industrial automation and rail transportation. In industrial automation, Hollysys delivers the full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management and cloud-based applications. In rail transportation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for high-speed rail and urban rail (including subways). Founded in 1993, with technical expertise and innovation, Hollysys has grown from a research team specializing in automation control in the power industry into a group providing integrated automation control system solutions for customers in diverse industry verticals. Hollysys had cumulatively carried out more than 30,000 projects for approximately 17,000 customers in various sectors including power, petrochemical, high-speed rail, and urban rail, in which Hollysys has established leading market positions.

SAFE HARBOUR

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding: the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys’ management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contact information:
Hollysys Automation Technologies Ltd.
www.hollysys.com
+8610-5898-1386
investors@hollysys.com

Related Links :

http://www.hollysys.com

PR Newswire

Geek+ and Universal Logic team up to explore new depths of flexible automation and elevate industry 4.0

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SAN DIEGO, Calif., Jan. 7, 2021 — Geek+, a global leader in autonomous mobile robots (AMRs) and warehouse automation, and Universal Logic, a world-leading pioneer of an AI/sensor/machine-control software "brain" for robots, announce the beginning of a new partnership. Together, the two technology leaders declare a joint commitment to support the manufacturing and logistics industry with a paradigm-shifting goods-to-robot solution, for automating supply chain operations and elevating industry 4.0.

With large parts of the supply chain dependent on fixed automation and manual materials handling, the rise in demand for customization and made-to-stock capabilities have resulted in strained processes. In turn, it has generated a need for technologies that can automate the flexibility and precision of skilled labor and combine it with the throughput capacity of dynamic inventory control.

Randy Randolph, Senior Sales Manager of Geek+ US, says: "We are very glad to partner with Universal Logic and look forward to leveraging their extensive experience in automating dynamic robot behavior to realize the full potential of our intelligent mobile robotics solutions. By combining our advanced robotics hardware with Universal Logic’s unparalleled experience, we believe that this collaboration has the potential to transform the global supply chain and shape the future."

The partnership will give Universal Logic access to Geek+’s wide range of robotics hardware for intelligent sorting and picking. Built on autonomous mobile robot technology and AI-driven software, Geek+ will provide Universal Logic with the flexibility to automate the entire chain from dynamic inventory control to pick & pack, expanding from goods-to-man to goods-to-robot solutions. Correspondingly, Geek+ will have access to Neocortex, Universal Logic’s AI platform featuring real-time and modular robot control for extended perception, direct grasping, and advanced robot guidance, enabling human-like flexible picking capabilities, to unleash the true potential of intelligent robotics for logistics.

Universal Logic CEO, David Peters, states: "The Geek+ mobile robot platform, dovetails perfectly with Universal’s dynamic robot control for picking and packing, providing our customers seamless automation capabilities, creating an end-to-end solution to meet current and future supply chain needs."  

Today, Geek+ and Universal Logic respectively serves a broad customer range including Fortune 500 Companies and regional businesses. The collaboration will enable them to strengthen their industry leadership and provide clients with flexible, adaptable, and efficient operations that can meet challenges associated with high mix/high volume applications in manufacturing, wholesale, and retail. By combining the efficiency and speed of robots with human-like precision and flexibility, it will allow businesses to realize stable and reliable supply chain operations and meet the challenges of tomorrow.

About Geek+

Geek+ is a global technology company leading the intelligent logistics revolution. We apply advanced robotics and AI technologies to realize flexible, reliable, and highly efficient solutions for warehouses and supply chain management. Geek+ counts 300 global customers and has deployed more than 10,000 robots worldwide. Founded in 2015, Geek+ has over 800 employees and is headquartered in Beijing, with offices in Germany, the UK, the US, Japan, Hong Kong, and Singapore.

For more information, please visit: https://www.geekplus.com/

About Universal Logic

Universal Logic invented a proprietary AI/sensor/machine-control software "brain" for robots, called Neocortex. It gives machines human-like flexibility at high speed, and is hardware agnostic, working with all major brands of equipment. The company is also a system integrator, with over twelve years of experience installing turnkey solutions for its clients. 

Related Links :

http://www.geekplus.com

PR Newswire

Blue Hat Announces Further Growth of Xunpusen Following Company’s Strategic Acquisition in 2020

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Subsidiary Reported RMB30 million (USD $4.5 million) in First Four Months; Expects Additional Contracts in Early 2021

XIAMEN, China, Jan. 4, 2021 — Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced that the Company’s operating subsidiary, Xunpusen Technology Co., Ltd. ("Xunpusen"), generated approximately RMB30 million (approximately USD $4.5 million) in revenue in the first four months of operation.

Since its acquisition earlier this year, the Company has continued to develop and utilize Xunpusen’s mobile marketing and hosting expertise to both support and grow Blue Hat’s traditional mobile and gaming business while seeking new channels to expand the Company’s customer base and leverage relationships. 

Xunpusen recently signed a cooperation agreement with China Mobile Communications Group Guangdong Co., Ltd. ("China Mobile") for a series of telecom value-added service and Internet Data Center ("IDC") contracts. IDC is a place to host a group of hosting enterprises, merchants, or web servers, an infrastructure on which models of e-commerce operate securely, and a platform to support businesses and their business alliances in implementing value chain management for their distributors, suppliers and customers.

Specifically, these IDC agreements can enable larger companies to promote and sell products using Xunpusen’s expertise in message marketing and integrated solutions. Following the agreement with China Mobile, both companies have worked to secure agreements from larger multi-national companies in addition to Blue Hat’s existing product portfolio.

The Company believes that Xunpusen’s contribution to revenue could potentially be in excess of RMB100 Million (USD $15.6 million) on an annualized basis.

Mr. Xiaodong Chen, CEO of Blue Hat, stated, "We are very pleased with the development of Xunpusen. Initially, our goal was to utilize direct marketing and sales techniques to further our relationships with larger companies and increase sales of Blue Hat’s core product portfolio. The deployment of 5G technology, coupled with the acceleration of mobile utilization throughout 2020 has also created opportunities in the internet data center business. We expect that the recent agreement with China Mobile will lead to further agreements due to the surge in data volume and the strong downstream demand. We will keep investors closely apprised of our progress."

About Blue Hat

Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The Company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.

Forward-Looking Statements 

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.

Contacts:

Blue Hat Interactive Entertainment Technology

Phone: +86 (592) 228-0010

Email: ir@bluehatgroup.net

Investor Relations:

The Equity Group Inc.

In China

Adam Prior, Senior Vice President

Lucy Ma, Associate

(212) 836-9606

+86 10 5661 7012

aprior@equityny.com

lma@equityny.com

 

Related Links :

http://www.bluehatgroup.com

PR Newswire

Insilico enters into a collaboration with APRINOIA to apply novel generative AI-powered system to discover novel compounds for neurodegenerative diseases

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TAIPEI, Taiwan, Dec. 30, 2020 —  Insilico Medicine is pleased to announce that it has entered into a research collaboration with APRINOIA Therapeutics to utilize Insilico’s novel generative artificial intelligence (AI) technology to accelerate the discovery of next generation compounds targeting abnormal proteins in brain associated with neurodegenerative diseases.

Insilico partners with APRINOIA
Insilico partners with APRINOIA

With a mission to accelerate drug discovery and development, Insilico Medicine has been breaking new grounds with its next-generation AI technologies and expanding international partnerships in the US, Europe and Asia Pacific Region.

"APRINOIA discovers and develops first-in-class diagnostics and therapeutics that can be broadly applied as PET tracers in the field of neurodegenerative diseases. We are glad to collaborate with APRINOIA, where we will apply our Chemistry42 suite to design a new generation of PET tracers with desired properties. Through this collaboration, we will further demonstrate the universality of our AI-powered generative chemistry platform," said Jimmy Yen-Chu Lin, PhD, CEO of Insilico Medicine Taiwan.

"We are excited to initiate the collaboration with Insilico to enrich APRINOIA’s proprietary collection of compounds for neurodegeneration," said Dr. Ming-Kuei Jang, CEO of APRINOIA. "Early diagnosis is critical for disease management. Our initial focus is to discover novel imaging PET tracers to quantify and visualize pathologies of abnormal proteins in the brain. With Insilico’s AI-powered platform, we are hoping to shorten the time from lab to clinics to benefit patients and in the medical communities."

By leveraging an integrated AI-driven drug discovery approach, Insilico Medicine provides APRINOIA Therapeutics with an effective, rational, external auxiliary solution for driving programs forward. The partnership between APRINOIA and Insilico will include an upfront fee and performance-based milestones.

About APRINOIA Therapeutics
APRINOIA Therapeutics is currently advancing a pipeline featuring diagnostic and therapeutic programs, collectively targeting brain disorders associated with abnormal accumulation of pathological proteins, including tau and alpha-synuclein, from its proprietary small molecule and antibody discovery platforms. APRINOIA is committed to building a pipeline of innovative products, as well as developing partnership with global and regional pharmaceutical companies to accelerate its programs. The company currently has operations in Taipei, Suzhou, Shanghai, Tokyo, and Boston.

Website: www.aprinoia.com

About Insilico Medicine
Since 2014 Insilico Medicine is focusing on generative models, reinforcement learning (RL), and other modern machine learning techniques for the generation of new molecular structures with the specified parameters, generation of synthetic biological data, target identification, and prediction of clinical trials outcomes. Recently, Insilico Medicine secured $37 million in series B funding. Since its inception, Insilico Medicine raised over $52 million, published over 100 peer-reviewed papers, applied for over 25 patents, and received multiple industry awards.

Website: http://insilico.com/

Media Contact
For further information, images or interviews, please contact:
ai@insilico.com

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PR Newswire

Flight Centre Travel Group Transforms its Customer Experience with K2 Cloud

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Global travel agency leverages digital process automation software to transform and drive operational efficiencies

MELBOURNE, Australia, Dec. 29, 2020 — Nintex, the global standard for process management and automation, today announced that Flight Centre Travel Group (ASX: FLT), one of the world’s largest travel agencies, has successfully leveraged K2 Cloud to help improve its operational efficiencies and digitally transform its customer experience.

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Flight Centre Travel Group, with a vast global sales network, received an overwhelming number of cancellation requests in 2020 as a result of the pandemic. The company needed to find a fast and more efficient way to support its customers beyond their 800-number especially when the U.S. and Canada borders were initially closed this year.

The organisation turned to K2 Cloud to quickly develop and launch a digital form process that automatically routes changes to one centralised expertise-based Flight Centre team armed with all the necessary tools and policies to expedite changes with improved customer experience. To date, the form has been leveraged more than 60,000 times which has helped reduce customer hold times and potential frustrations.

"The travel industry as a whole quickly pivoted how it operates and responds to cancellations and restrictions brought on by the pandemic," said Josh Waldo, Nintex Chief Customer Officer. "By automating repetitive, time-consuming tasks with easy-to-use and powerful digital process automation software like K2 Cloud, the Flight Centre Travel Group immediately went digital and provided its corporate travellers with a better experience."

To improve its corporate travel customer experience, the Flight Centre Travel Group modernised its operations to drive more consistency and transparency across its processes. Previously, like most businesses, information was tracked and shared across spreadsheets, forms, and third-party tools, with no single source of truth. This resulted in team members spending time managing repetitive, complex processes that delayed great customer experience. 

"We wanted to improve process efficiency across the organisation. We needed a consistent, streamlined way of accurately capturing all information in a shareable way in order to create greater standardisation and transparency," said Shaun Clear, Global Head of Operations for FCM Travel Solutions (a Flight Centre brand). "K2 Cloud has given us the ability to quickly and swiftly address a number of operational issues helping us focus on the most important piece of our business and the reason we exist: our travel customers."

The company previously used internal technology called "HUB" to build corporate travel client sites and also securely store individual traveller profiles including frequent flyer information, seat and meal preferences, credit card numbers, and identification documents. While this process was great for the traveller, it was challenging for the Flight Centre Travel Group team to build and maintain as it required a 100% manual process to build all new sites.

"For instance, we currently have one customer that needs 400 sites, which is an immense undertaking when one build typically takes about 30 – 45 minutes," said Nick Williams, Head of Digital Workplace at Flight Centre Travel Group. "To keep up with demand we needed to add an intelligent automation layer to the process which is why we decided to use K2 Software. With K2 Cloud we can collect customer information and configure it with RPA to automatically build sites with no human oversight. This has been truly transformative for the team and helps us focus on more strategic projects like improving our customer experience and future-proofing our business."

Learn more about how Flight Centre Travel Group transformed its business during COVID-19 with this case study.

Laetitia Smith    
laetitia.smith@nintex.com   
cell: +64 21 154 7114  

About Flight Centre Travel Group
After starting with one shop in the early 1980s, Flight Centre Travel Group (FCTG) has enjoyed remarkable growth to become a $20 billion business consisting of more than 30 brands. One of the world’s largest travel agency groups, it has company-owned operations in 23 countries and a corporate travel management network that spans more than 90 countries. FCTG was listed on the Australian Securities Exchange in 1995 (ASX: FLT). Flight Centre Travel Group employs more than 20,000 people globally and has a total of almost 2,800 businesses.

About Nintex
Nintex is the global standard for process management and automation. Today more than 10,000 public and private sector organisations across 90 countries turn to the Nintex Platform to accelerate progress on their digital transformation journeys by quickly and easily managing, automating and optimising business processes. Learn more by visiting www.nintex.com and experience how Nintex and its global partner network are shaping the future of Intelligent Process Automation (IPA).

Product or service names mentioned herein may be the trademarks of their respective owners.

Video – https://www.youtube.com/watch?v=YkCRWFdJwKY
Logo – https://techent.tv/wp-content/uploads/2020/12/flight-centre-travel-group-transforms-its-customer-experience-with-k2-cloud.jpg  

Related Links :

http://www.nintex.com

PR Newswire

RS Components announces availability of Phoenix Contact ‘COMPLETE line’ range for control cabinet applications

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KANAGAWA, Japan, Dec. 21, 2020  — RS Components (RS), a trading brand of Electrocomponents plc (LSE: ECM), a global omni-channel solutions partner for industrial customers and suppliers, today announced the significant expansion in Japan of its ‘COMPLETE line’ portfolio of products and essential accessories for control cabinet applications from Phoenix Contact, one of the world’s leading makers of industrial automation technologies.

This expansion of more than 2500 new devices means that RS is the first high-service distributor to offer the full ‘COMPLETE line’. This means customers will gain full access to a unique portfolio that will help to reduce handling costs and minimise planning and installation times for control cabinet construction and maintenance.

The ‘COMPLETE line’ system comprises an entire suite of coordinated hardware and software products that help panel builders to optimise their work processes in control cabinet development. The system brings together all of the manufacturer’s control panel products and essential accessories in one range, making it significantly easier to purchase, install and operate existing and new control cabinet solutions.

Phoenix Contact COMPLETE line
Phoenix Contact COMPLETE line

Due to the range’s standardised design, haptics and functionality, along with standardised marking, bridging and testing accessories, the system also results in simple and intuitive handling of all the hardware, saving engineers significant installation, start-up and maintenance time. More than 3000 devices in the ‘COMPLETE line’ range use the same push-in connection technology, helping to reduce connection time by up to 70%. In addition, the manufacturer’s planning and marking ‘PROJECT’ software has an intuitive user interface that makes it easy in the planning, automatic checking and ordering of terminal strips.

Aimed at switching, connection and disconnection, as well as measuring, controlling and automation applications, the extensive portfolio comprises thousands of devices including DIN rails and terminals, PLCs and HMIs and heavy-duty connectors. Highlights include the latest PTFIX distribution blocks with push-in connection, machine safety devices including the latest release PSR series of safety relays and I/O and PLC expansion modules, which is part of the PLCnext ecosystem from Phoenix Contact.

Comprising more than 9000 products, RS is increasing its Phoenix Contact portfolio in all the key areas of building control cabinets. All of the devices in the ‘COMPLETE line’ portfolio are shipping now from RS in Japan and across Asia Pacific.

Related Links :

https://jp.rs-online.com

PR Newswire

ValueLabs wins IBSI Global Fintech Innovation Award

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HYDERABAD, India, Dec. 18, 2020 — ValueLabs, a global technology services provider, won the IBSI Global Fintech Innovation Award for the Best Original & Adoptable Concept in Compliance & RegTech. It was for the Enterprise Customer Due Diligence solution which they built for Diligent, a Singapore-based global RegTech company.

The IBSI Global FinTech Innovation Awards honors technology players and banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies. This year, IBSI winners were chosen on the basis of innovation excellence, best practices & tools adopted, originality & simplicity, adaptability of the concept and program complexity & governance.

The Enterprise Customer Diligence solution is a SaaS based application which enables banks and RegTech companies to onboard and maintain ongoing relationships with customers while complying with regulatory and policy requirements. The solution provides a 100% configurable rules engine that performs due diligence for clients across multiple topographies and jurisdictions.

"We are delighted to be recognized by IBSI for driving innovation in the BFS space and we are confident that this solution will help the industry to reimagine the ways in which customer onboarding and due diligence happen. Also wanted to congratulate our partners at Diligent on this award and thank them for allowing us to be a part of their journey," said Arjun Rao, CEO of ValueLabs.

"In this digital era of banking, it is essential for banks and FIs to take necessary measures to comply with ever changing industry regulations and compliance requirements. This solution automates every process of KYC and CDD and enables digital compliance vision for our clients," said Anoop Singh, SVP & Head of Emerging Markets, Valuelabs, who accepted the award. "We are also planning to significantly expand our global presence in BFS in 2021 and this recognition inspires us to deliver more innovative solutions for the BFS & RegTech industry."

About ValueLabs

ValueLabs is a global technology company focused on Product Development, Data Technology and Digital services. Powered by The Digital Flywheel™, ValueLabs provides end-to-end solutions in the fields of Customer Experience, Data & Analytics, Product Development, and Automation. Over the last 23 years, the company has expanded to 32 locations, 5500 associates and 150 clients worldwide. Their focus on employees and clients have resulted in industry-leading client Net Promoter Scores (NPS) of over 60 and 80 respectively.

Media Contact:
Anoop Singh Sengar
anoop.singh@valuelabs.com  
www.valuelabs.com/business-form/

Related Links :

http://www.valuelabs.com/

PR Newswire

Rockwell Automation Reaffirms Commitment to Carbon-Neutrality Through Accelerating Smart, Safe and Sustainable Manufacturing at 29th Automation Fair(R) At Home

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The first hybrid live and virtual Automation Fair At Home saw over 40,000 participants registered from 146 countries and featured speakers include PartnerNetwork™ representatives from Cisco, Cytiva, ExxonMobil, Gartner, Microsoft, Thermo Fisher Scientific and more

SINGAPORE, Dec. 18, 2020 — Rockwell Automation, Inc. (NYSE: ROK) the world’s largest company dedicated to industrial automation and digital transformation, along with its PartnerNetwork™, held its 29th signature industry showcase event, Automation Fair® At Home,  November 16 – 20, 2020. Due to the pandemic, the event had been dynamically re-imagined as a primarily virtual experience to safeguard customer, partner, and employee health and safety, with all content from the event available on-demand now until June 2021.

Automation Fair At Home showcases the newest products, solutions, and services in industrial automation and digital transformation. Due to the hybrid nature of this year’s event, attendees across different time zones and geographies had access to over 175 engaging educational opportunities and over 90 exhibits, through livestreams and on-demand video recordings. The agenda included engaging hands-on labs, training sessions focused on the newest hardware and software technologies, industry-focused forums, and more.

Commenting on the event, Blake Moret, CEO and Chairman, Rockwell Automation, said, "The acquisition of ASEM S.r.l and Kalypso, as well as partnerships with Microsoft, PTC, and others, make our ecosystem the best in the industry. This partner ecosystem combined with our technology and domain expertise allow us to say that there is no one better positioned to add value at the convergence of IT, and operational OT technology for our customers. We bring the Connected Enterprise to life for customers around the world and across a wide variety of industries. And during these times it’s especially important to look at the ways we increase the resilience, agility, and sustainability of our customers."

He added, "Sustainability is at the forefront of Rockwell Automation and our customers’ minds. We are committed to a carbon-neutral future, helping our customers achieve their own sustainability goals such as increased energy efficiency, recycling to play a role in the circular economy, and renewables."  

This year’s Automation Fair At Home drew particular attention to the unique challenges facing the sector, with Rockwell Automation making a series of announcements aimed at bolstering the resilience, agility and sustainability of industrial manufacturers. To help companies innovate faster and more sustainability through an integrated digital engagement model, Rockwell Automation launched LifecycleIQ Services, and announced the expansion of its cybersecurity certifications and product line to combat industrial cyberthreats. The company also announced the acquisition of Fiix Inc. in line with its software strategy, to enhance productivity and efficiency through maintenance and operational insights.

Scott Wooldridge, President of Asia-Pacific at Rockwell Automation, said, "With its rapid urbanisation, growing middle-class population and talent pool, Asia-Pacific is already a global manufacturing hub, and the sector continues to be one of the region’s key growth drivers."

"The Asia-Pacific operations from Rockwell Automation are of strategic interest to our global business and we want to partner with established and emerging enterprises and industries across all local markets to help them make the digital leap; facilitating the region’s economic recovery from the pandemic," he continued.

Other highlights of the event, also available on-demand, included keynote Perspectives into YOUR next, Rockwell Automation Experience virtual tours and Bold Conversations panel discussions:

Virtual Tours: The Rockwell Automation Experience

  • The Rockwell Automation Experience enables participants to virtually tour three newly designed spaces at the Rockwell Automation Milwaukee headquarters: Digital Engineering Hall, Digital Thread Experience, and Products & Technology Showcase.
  • The Digital Engineering Hall tour features machine design, operations, and maintenance, with an end-to-end demonstration of a digital engineering project.
  • The Digital Thread Experience uses a real-world example to help attendees visualize moving from siloed operations to a digitally connected enterprise.
  • The Products & Technology Showcase features the latest Rockwell Automation innovations in control, information and lifecycle services. After each tour, participants can discuss products and technology with Rockwell Automation experts.

Bold Conversations

  • Beyond updates on industrial automation, a segment of the event was dedicated towards tackling broader industry and societal issues, with Rockwell Automation executives sharing personal experiences and thought leadership on addressing these subjects
  • Topics discussed include: Inclusive Leadership During the Time of the Pandemic, Equity in Early STEM Education, Combatting Microaggressions in the Workplace, Inclusive Workplaces in a Divisive World, and more.

To attend Automation Fair At Home On-Demand, free online registration is required here.

About Rockwell Automation

Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 23,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing The Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

Automation Fair, Automation Fair At Home and PlantPAx are trademarks of Rockwell Automation Inc.

About the Rockwell Automation PartnerNetwork™ Program

The Rockwell Automation PartnerNetwork™ program offers global manufacturers access to a collaborative network of companies mutually focused on developing, implementing, and supporting best-in-class solutions to achieve plant-wide optimization, improve machine performance, and meet sustainability objectives.

Media contact

Georgina Purdy
Ogilvy
+65-8870-6755
Georgina.Purdy@ogilvy.com