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PR Newswire
Acorn International Files 2019 Annual Report on Form 20-F

SHANGHAI, June 5, 2020 /PRNewswire/ — Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on June 3, 2020.  The annual report can be accessed on the Company’s investor relations website at http://www.acorninternationalgroup.com.

Acorn will provide a hard copy of its annual report for the fiscal year ended December 31, 2019, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s IR representatives, or in writing to Acorn International, Inc., 5/F, YueShang Plaza, 1 South Wuning Road, Shanghai 200042, People’s Republic of China.

About Acorn International, Inc.

Acorn International is a leading marketing and branding company in China, leveraging a twenty-year direct marketing history to monetize brand IP, content creation and distribution, and product sales, through digital media in China. For more information visit www.acorninternationalgroup.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements. These statements constitute "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 "anticipates," "believes," "estimates," "expects," "future," "going forward," "intends," "outlook," "plans," "target," "will," "potential," and similar statements. Such statements are based on 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 Acorn’s control, including the extent and duration of the adverse impact of COVID-19, which may cause actual results, performance, actions, 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 by law.

Investor Contacts:

Contact:

Compass Investor Relations    
Ms. Elaine Ketchmere, CFA    
Phone: +1-310-528-3031 
Email: [email protected]

Related Links :

http://www.acorninternationalgroup.com

PR Newswire
CouponBirds Data Reveals User Behavior Change During Epidemic

BEIJING, June 4, 2020 /PRNewswire/ — The speed and range of epidemic spreading strongly influence user behavior. CouponBirds latest data analysis shows that online users’ behavior has changed a lot in the past few months as COVID-19 became a pandemic, including devices, purchasing power, and country distribution.

Due to the impact of the epidemic, daily internet usage time increases, and outdoor activities drop a lot. Mobile devices are more dominating when people spend more time at home. CouponBirds May 2020 data shows that mobile device coverage increased to 62.79% from 53.38%.


As to consumers’ performance during the outbreak, it can be seen that the purchasing power and transaction volume show different trends when it comes to different kinds of products. CouponBirds data analysis team noticed that the demand for games, bicycles, and online education had been particularly increased. As stay-at-home time becomes longer and the shipping services are restricted during the epidemic, people are more likely to shell out money for easy entertainment like board games, puzzles, and video games. Furthermore, people tend to snap up new bicycles or dust off decades-old bikes to stay fit, keep their sanity, or have a safe alternative to public transportation. The third thriving business is online learning resources, which is a great choice for people who are studying, teaching, or working remotely in this uncertain environment.

CouponBirds data also shows the percentage of users by country was different during the epidemic. Users from the US, UK, Canada, and Australia increased by 15.07%, 14.02%, 27.49%, and 16.91% respectively.


The pandemic has big impacts on both customers and merchants. It is even harder to make the transaction happen when people’s income is shrinking. CouponBirds invests a lot to discover as many valid coupons as possible, which is the best way to help customers save and at the same time help merchants sell their products.

Like some charities are helping feed families during the coronavirus outbreak, CouponBirds is doing what we can to give back to the community. "CouponBirds Seedling Project was born during the outbreaks to help people in another way, and it is a great fundraising platform for non-profit organizations", said Sherry Zhao, marketing director of CouponBirds, "We are working hard to make CouponBirds one of the best communities to help more people".

About CouponBirds

CouponBirds is a leading coupon platform in terms of brand coverage, coupon accuracy, and coupon richness. It has been providing free and fresh coupon codes since 2012. With the biggest coupon operation team in the world and continuous engineering efforts input, CouponBirds is the top choice for customers looking for coupons and deals.

Related Links:

https://www.couponbirds.com/

 

PR Newswire
Hyundai Card introduces 5 trends shaping the way Koreans consume digital content

SEOUL, South Korea, June 4, 2020 /PRNewswire/ — Ranging from K-pop sensation BTS and Oscar-winning "Parasite", Korean pop culture appears to be having its moment. Combined with ultrafast internet and 5G-powered smartphones, the growing popularity of Korean movie and music has led to an expansion in the country’s digital content consumption.

Korea’s major credit card company Hyundai Card has introduced 5 key trends shaping Koreans’ spending habits on digital content. The result is based on the company’s 2017-2019 analysis of its consumer transaction data at 10 digital subscription service providers such as Netflix and YouTube Premium.

The three-year analysis was a part of the efforts to better understand Korean digital content subscribers by Hyundai Card, which has been leading the country’s credit card trends with products tailored to customers’ lifestyle and extensive digital transformation initiatives. It has developed an artificial intelligence-based chatbot, adopted blockchain for its system and built an advanced algorithm to offer more personalized  customer services and benefits.

For more information about this report visit http://newsroom.hcs.com/front/board/Spending-on-video-streaming-services-grows

Infographic by Hyundai Card - Hyundai Capital Newsroom
Infographic by Hyundai Card – Hyundai Capital Newsroom

1. Korea’s digital content market grows much faster than global trends 

According to Hyundai Card’s analysis, its consumers spent some $30.83 million on music, video and e-book subscription services in 2019. It was about 2.6 times more than what was spent in 2017. The number of transactions has tripled over the same period from 2.36 million to 7.11 million.

While Korea is not the only country to witness the expansion of the digital content market, its growth pace has been much faster than global trends. According to Statista, digital content market (excluding games) edged up 1.13 times from $65.46 billion to $73.99 billion between 2017 and 2019, relatively slower than in Korea.

2. Video streaming services prompt explosive consumption in digital content

Among digital content subscription services, video streaming displayed the steepest growth in content consumption. Payments on video streaming services skyrocketed nine times from $2.05 million in 2017 to $17.92 million in 2019, while spending on music steaming services increased merely 1.3 times between 2017 and 2019.

The explosive growth of video streaming consumption was reflected in the transaction amount. Among the five most paid-for services in 2017, three were home-grown music streaming services such as Melon, Genie Music and Bugs Music. But in 2019, Netflix and local video streaming services like Wavve and TVING took up three spots.

3. No more piracy: Koreans more willing to pay for digital content than ever before

Psychological barriers had been high in Korea for consumption of paid content. People were mostly reluctant to pay for video-on-demand services and were used to downloading pirated films over the internet. Consuming paid digital content was deemed to belong only to tech-savvy young generation.

But this perception has changed. According to Hyundai Card’s joint survey with research agency OPENSURVEY, 92.7 percent of the respondents said they have a positive view about spending money on digital content. Of those surveyed, 37.4 percent said their perception has shifted from negative to positive.

4. In a rapidly aging society, the Korean elderly emerge as key consumer group

As Korea becomes a more aged society, the elderly have also increased their spending on digital content. Spending on digital content by those in their 50s and those aged 60 or more tripled from $1.2 million in 2017 to $3.5 million won in 2019, while spending by those in their 20s saw a two-fold increase between 2017 and 2019.

Noteworthy is the fact that people in their 60s were the most active users of e-book subscriptions. They spent 21 times more on e-books in 2019 than in 2017. Fifty-somethings spent 10 times more on video services over the same period.

5. Credit cards for streaming subscription gain popularity among Koreans

With digital entertainment options becoming more diversified, Korea has seen a series of credit cards targeting digital content subscribers. Hyundai Card also rolled out a new credit card "DIGITAL LOVER," offering an approximately $8 discount monthly from expenditure on digital streaming services such as Netflix and YouTube Premium.

"Against the backdrop of recent surge in digital content subscriptions propelled by the popularity of video streaming services," said a Hyundai Card spokesperson. "We took into account changes in consumer spending trend and life style when designing the card, not conventional elements such as their occupation or income. That led to upbeat response from customers."

Hyundai Card transaction data analysis

Period: Jan. 2017 ~ Dec. 2019

Target: Digital content service providers

Field

Service Providers

Video

Netflix, YouTube Premium, Watcha Play, Wavve, TVING

Music

Melon, Bugs Music, Genie Music

Books

Ridibooks, Millie’s Library

Consumer survey

Period: April 29, 2020

Target: 1,000 people aged 20 or over (Survey by OPENSURVEY)

Age

No. of men

No. of women

20~29

100

100

30~39

100

100

40~49

100

100

50~59

100

100

60 and over

100

100

 

 

 

PR Newswire
ChipMOS to Present at Investor Conference Hosted by the Taiwan Stock Exchange and SinoPac Securities Corp.

HSINCHU, June 4, 2020 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today announced that it will present at the Taiwan Double Good Forum hosted by the Taiwan Stock Exchange and SinoPac Securities Corp. The virtual conference will take place on Wednesday, June 10, 2020.

Management from the Company, including Jesse Huang, Vice President of Strategy and Investor Relations, will discuss the Company’s recent financial results, business trends and growth opportunities. The Company’s investor update is currently available on the investor relations’ section of its website at www.chipmos.com.

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors.  Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange commission (the "SEC") and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

[email protected]

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

[email protected]

Related Links :

http://www.chipmos.com

PR Newswire
IBM Services Collaborates with Lotte Card to Adopt A Hybrid Cloud Strategy To Help Transform Core Financial Accounting Systems

Lotte Card to Modernize Core Functions with IBM Cloud to Help Drive Innovative Services for Cardholders

ARMONK, New York, June 4, 2020 /PRNewswire/ — IBM (NYSE: IBM) announced today that the Korean credit card company, Lotte Card, which services a wide network of retailers including department stores, hypermarkets and cinemas, is collaborating with IBM Services to transition its entire enterprise system, including mission critical and core financial accounting systems, to a hybrid cloud environment. By using cloud native technology from IBM and Red Hat Openshift to migrate its core business applications to a managed private cloud, Lotte Card aims to achieve greater visibility, scalability, security and speed while reducing costs, risk and complexity to its IT infrastructure so it can deliver innovative services to its clients.

Lotte Card to Modernize Core Functions with IBM Cloud to Help Drive Innovative Services for Cardholders
Lotte Card to Modernize Core Functions with IBM Cloud to Help Drive Innovative Services for Cardholders

With several economic, demographic, regulatory and technological factors in play, the Cards & Payments industry is witnessing rapid innovation across the value chain. Additionally, today’s tech-savvy consumers are using various payment options like simple payment service. To meet the need for innovation with speed, as well as deliver applications and services with minimal cost and risk, Lotte Card plans to leverage open, hybrid cloud technologies from IBM and Red Hat to introduce a diverse set of new digital services for its Korean customer base.

With its hybrid cloud strategy, Lotte Card plans to deliver new technologies to support customer service, such as the expansion of the Lotte Card LIFE application that offers a super-personalized service and gives its mobile users a 360-degree purview of all the Group’s best benefits and services in one platform. The flexibility of using cloud technologies over a traditional IT infrastructure, can allow Lotte Card to respond with greater agility to rapidly changing market conditions and competition, to help serve their customers better in near real time.

Lotte Card previously migrated its mobile application to the cloud in order to build a scalable and flexible system foundation that can actively cope within an enterprise grade mobile environment. With this project, Lotte Card experienced very positive results throughout its business, such as improvement of customer satisfaction, and enhanced performance of its mobile apps as well as a reduction in total cost of ownership (TCO). Based on this initial success, Lotte Card decided to work with IBM to adopt a hybrid cloud strategy to migrate and manage its additional enterprise systems, including the account system.

"We look forward to bringing the power of IBM’s hybrid cloud capabilities and financial services industry experience to Lotte Card’s mission-critical infrastructure," said Archana Vemulapalli, GM IS Offering Strategy, Management and Development, IBM Services. "IBM is intently focused on working with our financial services clients all over the world to help them address critical requirements and enable industry innovation so they can service the public, while addressing the industry standards for regulatory compliance, security and resiliency."

To power the program with Lotte Card, IBM has introduced DevOps-based agile methodology in order to speed up the development, testing, modification and release of new software or services in the cloud. IBM will also provide Lotte Card with automation tools designed for strong security and efficient system operation.

IBM has the capability and knowledge to provide end-to-end cloud services from cloud consulting, to building, migrating and managing cloud. It also has experience with regulation, security and open innovation provisions.

This agreement was signed during IBM’s Q1, 2020.

Media Contact:

Tricia Vuiton
Communications, IBM
[email protected] 
+1 (914) 765-4980

Photo – https://techent.tv/wp-content/uploads/2020/06/ibm-services-collaborates-with-lotte-card-to-adopt-a-hybrid-cloud-strategy-to-help-transform-core-financial-accounting-systems-1.jpg  
Logo – https://techent.tv/wp-content/uploads/2020/06/ibm-services-collaborates-with-lotte-card-to-adopt-a-hybrid-cloud-strategy-to-help-transform-core-financial-accounting-systems.jpg  

PR Newswire
Companies can Now Sign Legally Binding Documents on Live Video Calls

AUCKLAND, New Zealand, June 3, 2020 /PRNewswire/ — A new live video signing feature protects companies against fraud and contract disputes while maintaining social distancing.

Secured Signing’s Video Signing all-in-one platform
https://www.youtube.com/watch?v=2Z0kzDfIJe0

Secured Signing, one the world’s most trusted digital signature providers, today launched live Video Signing. This gives companies the power to sign legally binding documents on a video call.

Mike Eyal, the Managing Director of Secured Signing, said data showed companies were shifting more of their work online due to COVID-19. This shift has been driven by many countries updating their electronic signatures acts to allow documents to be signed and witnessed over video calls.     

"What we are now seeing is that COVID-19 is changing everything about how most businesses operate. There is a sharp rise in remote work, and companies are no longer able to meet in person to witness and sign contracts. With Secured Signing Video Signing, the entire signing process takes place on a live video call."

Digital signatures provide built-in proof of the signer’s identity and intent. Live Video Signing comes with even stronger identity verification features, making it difficult to dispute contracts. This protection, known as non-repudiation, means the identities & intent of everyone signing the document are confirmed and recorded. So, no one can later deny signing the document.

Secured Signing’s Video Signing also delivers a better customer experience with the signing meetings on the all-in-one platform able to be setup in seconds allowing more time to go through details of the contract and clearly explain them. The whole process is easy, fast, and safe, added Eyal.

"You’ll now be able to sign documents using video signing, from any device, anywhere in the world. So, for example, now notaries or lawyers or financial advisors can start a video conference with the document they need signed and walk the signee through the document in a live, recorded video with the final signature added at the end of the conference call."

Eyal said the goal was to provide simple, secure signing in one easy-to-use tool.

"Our customers won’t need any additional video conference software. The signed document has an access link to video session recording that is password protected and can be viewed after signing meeting has ended".

"COVID-19 has disrupted our lives. It’s not business as usual right now. Organizations are responding in their own way, and there’s a lot of doubt and uncertainty. One thing is certain is that we have to adapt, and technology makes that process a lot easier. We hope our video signing feature will give businesses the tools they need to finalize documents safely online," said Eyal.

Find out more about Secured Signings new Video Signing feature here: https://securedsigning.com/products/video-signing

About Secured Signing

Secured Signing provides a one-stop digital signature service that delivers a full range of form completion and eSigning capabilities. Using advanced, personalised X509 PKI Digital Signature technology it is more secure than a plain electronic signature. Secured Signing enables its users to use any device to capture their graphical signature, fill-in, sign, seal and verify documents anywhere, anytime. The solution streamlines business processes, cuts back on expenses, expedites delivery cycles, improves staff efficiency and enhances customer service in a green environment. To learn more about Secured Signing, visit www.securedsigning.com

PR Newswire
Cheetah Mobile to Report First Quarter 2020 Financial Results on June 10, 2020

BEIJING, June 3, 2020 /PRNewswire/ —  Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company with global market coverage, today announced that it plans to release its first quarter 2020 financial results before the market opens on Wednesday, June 10, 2020. The earnings release will be available on the Company’s investor relations website at http://ir.cmcm.com.

Cheetah Mobile’s management will hold a conference call on Wednesday, June 10, 2020 at 8:00 A.M. Eastern Time or 8:00 P.M. Beijing Time to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:

+1-412-902-4272

United States Toll Free:

+1-888-346-8982

Mainland China Toll Free:

4001-201-203

Hong Kong Toll Free:

800-905-945

Conference ID:  

Cheetah Mobile

The replay will be accessible through June 17, 2020 by dialing the following numbers:

International:

+1-412-317-0088

United States Toll Free:

+1-877-344-7529

Access Code:

10144811

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

About Cheetah Mobile Inc.

Cheetah Mobile is a leading mobile Internet company with global market coverage. It has attracted hundreds of millions of monthly active users through its mobile utility products such as Clean Master and Cheetah Keyboard, casual games such as Piano Tiles 2 and Bricks n Balls. The Company provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels. The Company also provides value-added services to its mobile application users through the sale of in-app virtual items on selected mobile products and games. Cheetah Mobile is committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.

Investor Relations Contact

Cheetah Mobile Inc.
Helen Jing Zhu
Tel: +86 10 6292 7779 ext. 1600
Email: [email protected]

ICR, Inc.
Xinran Rao
Tel: +1 (646) 417-5395
Email: [email protected]

 

Related Links :

https://www.cmcm.com/

PR Newswire
China Online Education Group Announces Proposed Follow-on Public Offering of American Depositary Shares

BEIJING, June 3, 2020 /PRNewswire/ — China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, today announced the commencement of a proposed registered underwritten public offering by the Company and certain selling shareholders of American depositary shares (the "ADSs"), each representing fifteen (15) Class A ordinary shares of the Company. The Company proposes to offer 428,571 ADSs (the "Primary ADS Offering"), and the selling shareholders propose to offer 1,000,000 ADSs (the "Secondary ADS Offering" and, together with the Primary ADS Offering, the "ADS Offering"). The underwriters in the ADS Offering will have a 30-day option to purchase up to 214,285 additional ADSs from the Company and certain selling shareholders solely for the purpose of covering overallotment.

Morgan Stanley & Co. LLC and Needham & Company, LLC are acting as the joint book-running managers for the ADS Offering.

The ADSs will be offered pursuant to the Company’s shelf registration statement on Form F-3 (the "Form F-3"), as amended, which was originally filed with the U.S. Securities and Exchange Commission (the "SEC") on April 6, 2020 and became effective on May 8, 2020. A preliminary prospectus supplement related to the proposed ADS Offering will be filed with the SEC. The Form F-3 and the preliminary prospectus supplement will be available at the SEC website at: http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from (1) Morgan Stanley & Co. LLC, Prospectus Department, 2nd Floor, 180 Varick Street, New York, NY, 10014, United States of America, or by calling 1-866-718-1649, or by email at [email protected]; (2) Needham & Company, LLC, Attention: Syndicate Prospectus Department, 250 Park Avenue, 10th Floor, New York, New York 10177, or by calling 800-903-3268, or by email at [email protected].

This announcement shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

This press release contains information about the pending offering of the ADSs, and there can be no assurance that the offering will be completed.

About China Online Education Group

China Online Education Group (NYSE: COE) is a leading online education platform in China, with core expertise in English education. The Company’s mission is to make quality education accessible and affordable. The Company’s online and mobile education platforms enable students across China to take live interactive English lessons with overseas foreign teachers, on demand. The Company connects its students with a large pool of highly qualified foreign teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "aims", "future", "intends", "plans", "believes", "estimates", "likely to" and similar statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about 51Talk’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 51Talk’s goals and strategies; 51Talk’s expectations regarding demand for and market acceptance of its brand and platform; 51Talk’s ability to retain and increase its student enrollment; 51Talk’s ability to offer new courses; 51Talk’s ability to engage, train and retain new teachers; 51Talk’s future business development, results of operations and financial condition; 51Talk’s ability to maintain and improve infrastructure necessary to operate its education platform; competition in the online education industry in China; the expected growth of, and trends in, the markets for 51Talk’s course offerings in China; relevant government policies and regulations relating to 51Talk’s corporate structure, business and industry; general economic and business conditions in China, the Philippines and elsewhere and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 51Talk’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

China Online Education Group
Investor Relations
+86 (10) 8342-6262
[email protected]  

The Piacente Group, Inc.
Brandi Piacente
+86 (10) 6508-0677
+1 (212) 481-2050
[email protected] 

PR Newswire
Cellwize Lauded by Frost & Sullivan for its Cloud-based, AI open RAN automation platform, Chime

Cellwize’s automation platform successfully reduces the operator’s operating expenditure and the time-to-market of its 5G deployment and creates an open ecosystem for network deployments

SANTA CLARA, California, June 1, 2020 /PRNewswire/ — Based on its recent analysis of the global radio access network (RAN) automation market, Frost & Sullivan recognizes Cellwize with the 2020 Global Product Line Strategy Leadership Award for its Chime platform. Cellwize has pushed the envelope by engineering a solution that is easy to integrate into a multi-vendor RAN environment, and which enhances the level of automation and management.

Cellwize
Cellwize

"Cellwize has expanded its focus from optimizing the RAN to managing and automating the RAN itself, including implementing automation principles across the heterogeneous network and application layers. This vision resulted in the development of its flagship RAN management and automation platform, Cellwize Chime," said Rohan Joy Thomas Industry Analyst. "Cellwize Chime utilizes AI and ML and is completely cloud-based and vendor-agnostic, has an open micro-services based architecture to address many key use cases, and is commercialized via flexible business models, including a pay-as-you-use model."

Cellwize forges unique partnerships with other technology firms, which allows it to customize its go-to-market strategy according to the region. For instance, one of its notable partners, Tech Mahindra, is recognized for its technology consultancy expertise in the global telecommunications industry. Cellwize has leveraged this partnership to build its go-to-market strategies that are custom to the technological maturity of both the network operator and the region in which the network operator is located. Similarly, its partnership with Deloitte helps network operators with change management, which is essential during the deployment phase of the automation stack as well as throughout the value realization path.

Significantly, Cellwize Chime has enhanced Artificial intelligence  and machine learning capabilities, which change the information collected from external sources into a unified and open data model and exposes that data to Cellwize’s open application programming interfaces (APIs). It then passes the information to the operator’s many different applications that are deployed on the legacy Radio Access Technologies such as 2G, 3G, 4G, and the upcoming 5G deployment. On average, the platform helps network operators save 60 percent of their OPEX, which would have otherwise been spent on getting the RAN operational.

"Cellwize Chime moves from a static radio network policy to one that is adaptive through an enhanced AI/ML-type of governance, which provides carriers with significant flexibility to avoid vendor lock-ins, without going to their incumbent vendor for solutions," noted Thomas. "In a multi-cloud environment that consists of edge compute and centralized clouds, Cellwize Chime can seamlessly integrate different components with each other across different environments."

Each year, Frost & Sullivan presents this award to the company that has developed a comprehensive product line that caters to the breadth of the market it serves. The award recognizes the extent to which the product line meets customer base demands, and the overall impact it has in terms of customer value and increased market share.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

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.

Contact:

Lindsey Whitaker
P: +1 (210) 477-8457
E: [email protected]

About Cellwize

Cellwize is all about accelerating carriers’ 5G business through powerful mobile access automation, which will allow them to shorten TTM of their Next Gen Networks. Its cloud-native, AI-driven open platform enables mobile network operators (MNOs) to automate the configuration, management and optimization of networks and services; and with an advanced set of APIs, they can connect to any application and any vendor, as well as co-create on top of the platform. With Cellwize, MNOs gain unprecedented ease, speed and agility to accelerate the ROI on their network investments as well as time to market – even in the most complex and dynamic network environments, charging ahead with 5G, and always ready for the services and networks of tomorrow. Cellwize solutions are enabling the 5G journey for customers across North America, Latin America, Europe and APAC. For more information, visit www.cellwize.com.

Media Contact
Laura Raanan
GK for Cellwize
[email protected]     
+972-50-6711772

Related Links :

http://www.frost.com

PR Newswire
Singaporeans Can Win Cash Worth Up To $1,000 And Donate Credits To Healthcare Workers With PolicyPal’s MoneyBag Game
  • COVID-19 has infected more than 30,000 in Singapore and resulted in a slew of Circuit Breaker measures to protect our health and safety.
  • PolicyPal announces a new savings game in their mobile app with a cash prize of $1,000.
  • PolicyPal also offers the use of in-app credits they earn to be donated to vulnerable frontline healthcare workers.

SINGAPORE, June 1, 2020 /PRNewswire/ — The total number of COVID-19 cases has skyrocketed in Singapore with more than 30,000 infected since our first reported case on 29 February. This has caused the government to enact stricter safe-distancing guidelines to curb the spread of the disease. These measures have affected many people’s livelihood as they are no longer to operate, as usual, resulting in challenging cash flow issues.

MAS-licensed Insure-Tech, PolicyPal, announces cash prizes of $1,000 when users play MoneyBag. The MoneyBag game is a virtual savings game that encourages users to motivate each other to hit their saving goals together. This is a fun and collaborative financial management game that is simple to understand.

PolicyPal developed this game so that people can learn how to better manage their finances during the circuit breaker times. This game also offers $50,000 worth of vouchers from partners such as foodpanda, Shopee, Zenyum, IUIGA, Revolut, GoldenDuck, CirclesLife, Grain, TheFreshLab and Tiq.

Singaporeans Can Win Cash Worth Up To $1,000 And Donate Credits To Healthcare Workers With The MoneyBag Game
Singaporeans Can Win Cash Worth Up To $1,000 And Donate Credits To Healthcare Workers With The MoneyBag Game

PolicyPal users can increase the amount of in-app credits they have by inviting players to join them in playing the MoneyBag game. They can then donate their credits to medical frontline workers in the Reward marketplace.

The credits donated will be used to support COVID-19 insurance coverage for medical frontline workers, with any excess contribution donated to registered medical charities.

Singaporeans and Singaporean Permanent Residents that are registered medical frontline workers can apply for complimentary COVID-19 insurance coverage with PolicyPal.

ABOUT POLICYPAL

Founded in 2016, PolicyPal is an insurance platform that helps people make the right choice for their financial needs and rewards them with lower insurance premiums through predictive analytics. PolicyPal connects advisers across different insurers and empowers advisers with everything they need to provide financial advice to consumers – from quotations, marketing, customer service to data analytics. With over 50,000 consumers on the platform, PolicyPal is building technology to transform protection and financial services for consumers, advisers and insurers across the entire insurance industry. For more information about PolicyPal, please visit www.policypal.com.

PolicyPal’s Social Media Platforms

Facebook: @hipolicypal
Instagram: @policypal
Website: www.policypal.com

Photo – https://photos.prnasia.com/prnh/20200529/2816910-1?lang=0

Related Links :

http://www.policypal.com

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