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PR Newswire

SoftBank Ventures Asia-backed Global Localization Service Iyuno Media Group Acquires SDI Media

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Creating the Media and Entertainment Industry’s Most Comprehensive Global Localization Services Company

LOS ANGELES, Jan. 22, 2021 — Iyuno Media Group, a market leader in localization services to the media and entertainment industry, announced today that it has entered into an agreement with Imagica Group Inc. to acquire 100% of SDI Media. This transaction, which is subject to review and approval from relevant authorities, brings together two companies with the shared mission of supporting, innovating and leading the art of global storytelling. Terms of the transaction were not disclosed. 

 

Iyuno was supported in this transaction by SoftBank Ventures Asia (SBVA), Altor and Shamrock Capital, its primary financial partners. Iyuno counts SBVA – Iyuno’s first institutional investor – as one of its key backers.

Consumer spending on content is predicted to double from 2019 to 2024; this explosive growth brings with it a parallel increase in demand for high quality localized content.

“As two of the leading media and entertainment localization service providers in the world, together we will provide an unprecedented solution to the market,” said David Lee, Executive Chairman, Iyuno Media Group. “Both companies are perceived as leaders of quality services, global coverage and innovation. By combining the two, our goal is to effectively support the rapidly growing need from media businesses around the world – not only by offering scale, global coverage and end-to-end capabilities across our worldwide operations – but also by utilizing state-of-the-art technologies such as AI to bring true best-in-breed support for the industry.”

“We are excited to join Iyuno and become part of the industry’s leading localization services company,” said Mark Howorth, Chief Executive Officer, SDI Media. “We believe that the increasing global content distribution needs of the industry can only be served by a complementary service provider that can scale with them in support of their needs.”

JP Lee, CEO and Managing Partner of SoftBank Ventures Asia said, “Iyuno has become a significant market leader through this historical merger with SDI. As Iyuno’s first investor and partner, we have closely supported the company to grow to be a leading global player in the media localization space. We are pleased to see this exciting momentum in the expansion of Iyuno Media Group.”

ABOUT IYUNO MEDIA GROUP

Iyuno Media Group (www.iyunomg.com) is a market leader in media localization with leading-edge technology providing dubbing, subtitling and media engineering services in over 80 languages. An innovative trailblazer with grounded core values in an ever-changing industry, Iyuno Media Group uses its sophisticated in-house technology for all of its product and service offerings. Today, the company operates 35 local facilities globally, spanning a network of fully owned sites across 30 countries in Europe, Asia and The Americas – offering end-to-end solutions for broadcasters, all major film studios, OTT and streaming platforms.

ABOUT SDI MEDIA

SDI Media (www.sdimedia.com) is one of the world’s leading media localization providers offering dubbing, subtitling and media services to content owners, broadcasters and multi-platform distributors. SDI Media offers a complete end-to-end localization solution for theatrical releases and episodic series, using one of the most comprehensive suites of customizable localization software applications in the industry. Its network of 33 owned and operated dubbing facilities in Asia, EMEA and the Americas boast over 150 recording rooms and 85 mixing rooms globally.

ABOUT SOFTBANK VENTURES ASIA

Founded in 2000, SoftBank Ventures Asia is the early-stage venture capital arm of the SoftBank Group. Our expertise lies in ICT investments including AI, IoT, and smart robotics. We look for early to growth-stage startups that have strong business potential in the global market and assist them to be plugged into the SoftBank ecosystem by facilitating side-by-side growth. SoftBank Ventures Asia currently operates $1.3B under management, investing in innovative technology startups across the world.

 

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PR Newswire

Ribbon Selects Switch Connect as its First Universal Partner in Australia New Zealand

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WESTFORD, Mass., Jan. 8, 2021 — Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, today announced that it has appointed Switch Connect, one of Australia’s premier IP-centric telecommunications providers, as its first ANZ (Australia New Zealand) universal partner.

"Ribbon is widely acknowledged as a market leader in carrier-class Unified Communications and voice routing solutions, and we see a lot of potential in working together for future projects," said Rohan Milne, Chief Executive Officer, Switch Connect. "We look forward to a long and fruitful relationship delivering best in class solutions together."

Switch Connect resells Ribbon’s entire channel-ready portfolio, including Session Border Controllers (SBCs), Analytics, Security solutions and more to partners and end customers, and has Ribbon-certified engineers on staff to offer support and services. As a universal partner, it also hosts an Edgeview Service Control Center to manage and monitor customer site EdgeMarc SBCs.

"The Channel is key to our go to market strategy, and we’re delighted to welcome Switch Connect as our first universal partner in ANZ," said Robert Inshaw, SVP Asia, Ribbon. "With its established reputation in the industry and experience delivering key projects for some of Australia’s leading carriers and managed service providers, we’re confident in their ability to help us further penetrate this important market with our state of the art capabilities."

About Ribbon

Ribbon Communications (Nasdaq: RBBN) delivers global communications software and packet and optical network solutions to service providers, enterprises and critical infrastructure sectors. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today’s smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge IP solutions, cloud-native offers, leading-edge software security and analytics tools, as well as 5G-ready packet and optical networking solutions acquired via our recent merger with ECI Telecom. To learn more about Ribbon visit rbbn.com.

Important Information Regarding Forward-Looking Statements  

The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding market expansion, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications’ business, please refer to the "Risk Factors" section of Ribbon Communications’ most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications’ views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications’ views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.

Investor Relations

APAC, CALA & EMEA Press

Monica Gould

Catherine Berthier

+1 (212) 871-3927

+1 (646) 741-1974

IR@rbbn.com    

cberthier@rbbn.com 

North American Press 

Analyst Relations

Dennis Watson 

Michael Cooper

+1 (214) 695-2224 

+1 (708) 212-6922

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PR Newswire

BC Technology Group Enters Into Agreement to Raise HKD697 Million in Share Placement, with Morgan Stanley Appointed as Sole Placing Agent

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HONG KONG, Jan. 6, 2021 — BC Technology Group (stock code: 863 HK), Asia’s leading public technology and digital asset company, is pleased to announce that it has entered into an agreement to raise HKD697 million (approximately USD90 million) in a top-up share placement, with Morgan Stanley appointed as the sole placing agent, and participation from a strong roster of institutional investors.

With completion of the placement, the Group will continue to expand the reach and capability of its leading institutional digital asset platform OSL, which provides prime brokerage, custody, exchange and software-as-a-service (SaaS) to institutions and professional investors. The transaction further affirms the Group’s institutional-focused strategy, positioning it to lead the digital asset trading market globally.

"The digital asset market experienced a significant shift in 2020, with regulatory clarity and institutional investment driving market capitalization to new all-time highs," said OSL CEO Wayne Trench. "With the participation of established institutional investors in this placement, we are seeing more evidence that digital assets are attracting significant attention from major traditional finance brands and we believe this will continue to accelerate going forward. The market will continue to grow in the coming months and years and we are excited to be on the front line of the development of this industry."

BC Group’s OSL Digital Securities was the first to apply for and be granted a license for Type 1 (dealing in securities) and 7 (providing automated trading services) regulated activities specific to digital assets under the Hong Kong Securities and Futures Commission’s (SFC) regulatory regime, and boasts a large roster of institutional clients. In December 2020, the Group also announced that it is providing technology services to DBS Bank.

"The placement is a major milestone and the next step in the rapid growth of the Group’s OSL digital asset platform," continued Trench. "It allows us to invest in the tools to reach more institutional customers around the globe while also continuing to scale our SaaS solution."

About BC Technology Group and the OSL Platform

BC Technology Group (stock code: HK 863) is Asia’s leading public fintech and digital asset company. It is the parent company of OSL, the region’s most comprehensive licensed digital asset platform.

OSL is the world’s first and only insured and SFC-licensed digital asset platform, providing prime brokerage, custody, exchange and SaaS services for institutional clients and professional investors.

The company offers OTC, iRFQ and electronic trading services giving traders access to the world’s deepest liquidity pools, as well as secure, insured wallets to ensure the safekeeping of digital assets with timely transaction settlement. 

BC Group and the OSL platform are enabling institutional adoption of the digital asset class, setting standards for performance, security and compliance.

For more information: bc.group and osl.com.

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PR Newswire

Gojek invests in Bank Jago to accelerate financial inclusion in Indonesia

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Investment made through Gojek’s payments and financial services arm, with ambition to provide millions of users with greater access to digital banking services

JAKARTA, Indonesia, Dec. 22, 2020 — Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, has invested in Bank Jago, an Indonesia-listed technology-based bank, as part of a strategic partnership that will accelerate financial inclusion in Indonesia.

Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, has invested in Bank Jago, an Indonesia-listed technology-based bank, as part of a strategic partnership that will accelerate financial inclusion in Indonesia.
Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, has invested in Bank Jago, an Indonesia-listed technology-based bank, as part of a strategic partnership that will accelerate financial inclusion in Indonesia.

The partnership marks a collaboration between two exciting technology-focused companies: Gojek, pioneer of the Southeast Asian ‘Super App’; and Jago, an innovative technology-based bank that delivers digital banking services for the SME, consumer and mass market segments in Indonesia. It also builds on the partnerships that Gojek – and its digital wallet and payments platform, GoPay – has formed with various Indonesian financial institutions to offer financial services to merchants and drivers since 2017.

The ultimate aim of this partnership is for Jago to provide access to digital banking services through Gojek’s platform, allowing Gojek’s millions of users to instantly open a bank account with Jago and better manage their finances via the Gojek app. The partnership will also act as a model through which Gojek will go on to partner with other banking institutions to support them in reaching more customers.

Indonesia – home to the world’s 4th-largest unbanked population where 52% of adults (about 95 million people) do not own a bank account[1] and a further 47 million adults are underbanked or have insufficient access to credit, investment and insurance[2] – represents a huge opportunity for companies like Gojek and Jago. That it has a high smartphone penetration rate of 70-80% also makes the population infrastructurally ready for digital banking.

The investment – made through Gojek’s payments and financial services arm – will mean Gojek holds around 22% of Bank Jago. The deal also does not alter the control of Jago, with Metamorfosis Ekosistem Indonesia and Wealth Track Technology continuing to be Jago’s controlling shareholders with a combined ownership of 51 per cent.

Gojek Co-CEO Andre Soelistyo, said: "Our partnership with Jago marks the latest milestone in our drive to reduce daily friction for users and improve their lives through technology. It is a key part of our strategy and will underpin the growth and sustainability of our business in the long term. Jago’s tech-based banking solutions will supercharge Gojek’s ecosystem offerings and facilitate access to banking services for the mass market, thereby supporting our common vision to accelerate financial inclusion in Indonesia.

"This is the start of a new way of offering financial services to Gojek users as the collaboration will enable us to develop a process through which we can work with other banks. Our aim is to leverage more partnerships like this, to ultimately make the Gojek app a reliable resource for everyone’s financial needs."

Bank Jago’s President Director, Kharim Siregar, said: "We are proud and excited to work with Gojek, which has a digital footprint that encompasses millions of consumers and businesses throughout the country. This perfectly complements Bank Jago’s deep expertise and understanding of the financial needs of Indonesians.

"We believe that this strategic collaboration – between a tech-based bank like Bank Jago and a Super App like Gojek – is the first of its kind in Indonesia and Southeast Asia and represents a new way to spur growth in digital economies. As a bank designed with an open API, we will go on to work with multiple digital ecosystems to reach a wider audience and drive our aspiration to enhance the finances of millions of people through digital financial solutions."

Bank Jago was founded in 1992 under the name PT Bank Artos Indonesia. In 2020, Bank Artos changed its name to PT Bank Jago Tbk as part of its transformation to become an innovative tech-based bank with the aspiration to enhance the growth of millions through digital financial solutions.

About Gojek

Gojek is Southeast Asia’s leading technology group and a pioneer of the integrated super app and ecosystem model. Gojek is founded on the principle of using technology to remove life’s daily frictions by connecting consumers to the best providers of goods and services in the market.

The company was first established in 2010 focusing on courier and motorcycle ride-hailing services, before launching the app in January 2015 in Indonesia. Since then, Gojek has grown to become the leading super app in Southeast Asia, providing access to a wide range of services from transportation and digital payments, to food delivery, logistics and many other on-demand services.

Gojek now operates across main cities in five Southeast Asian countries. As of June 2020, Gojek’s application and its ecosystem have been downloaded 190 million times by users across Southeast Asia.

As a super app, Gojek is dedicated to solving the daily challenges faced by consumers, while improving the quality of life for millions of people across Southeast Asia, especially those in the informal sector and micro, small and medium enterprises (MSMEs).

The Gojek application is available for download via iOS and Android.

About Jago

Bank Jago journey began in 1992 in Bandung under the name PT Bank Artos Indonesia (Bank Artos).

After 27 years of serving the public with conventional saving, loans, and services, in 2019 Bank Artos entered a new era marked by the entry of PT Metamorphosis Ecosystem Indonesia (MEI) and Wealth Track Technology Limited (WTT) as new controlling shareholders after acquiring Bank Artos shares at 37, 65% (MEI) and 13.35% (WTT).

In June 2020, we changed the name from PT Bank Artos Indonesia Tbk to PT Bank Jago Tbk to begin the transformation to build a Bank of the Future – a bank for everyone to grow together.

Through banking products and services which will be embedded in an ecosystem by optimizing technology, Bank Jago will become an innovative technology-based bank which serves the small and medium enterprises (SME) segment, Retail (Consumer) segment, and mass market segment.

[1] World Bank’s Global Findex, 2017 and 2018
[2] Google, Temasek and Bain & Company; e-conomy report 2019 

PR Newswire

QuantalRF secures CHF17M / $19M Series B funding to develop and commercialize disruptive RF front-end solutions

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ZÜRICH and SAN DIEGO, Dec. 16, 2020 — QuantalRF, an emerging RF semiconductor company developing transformative wireless communication solutions, has announced the closing of an oversubscribed Series B funding round, resulting in CHF17 million / $19 million. The growth equity round was led by Zürich based Metellus AG and Dara Capital Ltd., alongside existing shareholders and family offices.

The new funding will be used primarily to accelerate the commercialization of QuantalRF’s patented RF front end technologies, expand the engineering team, and to rapidly scale the product development of 5G/UHB (Ultra High Band) and Wi-Fi 6/6e front-end IC components.

The funding round builds on an exceptional year for QuantalRF which saw the addition of a new CEO/CTO, a successful evaluation of its Quantal Amplifier Technology and received samples for their first Quantal RFIC.

"I am very excited about the direction of QuantalRF and how we are continuing to shape our Quantal Technology to address the challenges the RF front-end market is facing," said Dr. Ali Fard, QuantalRF CEO/CTO. "Throughout this year we have received valuable insights and positive feedback on our technology through extensive third-party evaluations provided by our partners and customers. The focus for our next development phase is to address the demand for integrated RF filters used in wireless standards that require wide bandwidth while maintaining good wideband performance and very sharp cut-off filtering."

"Our investors not only see the enormous opportunity in the development of next generation RF front-end, more importantly, they see the advantage and unique position QuantalRF has to be a disruptive force in driving this market. The support and confidence shown from our investors is validation of our mission and of the team we have assembled," said Antonio J. Viana, Executive Chairman. "The Board of Directors, along with our investment community, are extremely excited to see QuantalRF move into its next phase of growth and development."

About QuantalRF

QuantalRF is an emerging RF semiconductor company developing transformative wireless communication solutions to redefine the user experience. As an innovator of high-performance RF semiconductors, focused on front-end IC parts such as Power Amplifiers (PA), Low Noise Amplifiers (LNA), on-chip Filters focused on a wide range of communication systems including Wi-Fi 6/6e and 5G UHB (Ultra-High Band), QuantalRF is creating novel solutions to address to emerging connectivity needs of RF wireless systems.

At QuantalRF we are transforming the RF front-end with ultra-compact solutions rivalling acoustic wave and GaAs performance in highly integrated CMOS-SOI technology for commercial applications, including millimeter wave. We leverage our patented Quantal Technology in disruptive RF front-end solutions that significantly improve area, cost, power consumption and overall performance.

QuantalRF was established based on the inventions of Co-Founder and former NASA scientist, Dr. Forrest J. Brown.  These inventions developed into our RF front-end technology known as Quantal Technology. Headquartered in Zürich, Switzerland, with operations in the USA and Sweden, QuantalRF has an impressive portfolio of over 250 granted patents and applications with broad geographic coverage.

For more information, please visit www.quantalrf.com 

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Tive Secures $12 Million Series A Capital Funding

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Backed by RRE Ventures and Two Sigma Ventures, Tive offers real-time, in-transit location and condition insights to every part of the supply chain

BOSTON, Dec. 16, 2020 — Tive, Inc., a leading provider of global supply chain visibility insights, announced today that it secured a $12 million Series A funding round from RRE Ventures, followed by Two Sigma Ventures, with participation from existing investors NextView Ventures, Hyperplane Ventures, One Way Ventures, Fathom Ventures, and others. The new investment will fuel Tive’s rapid growth and drive product innovation for seamless shipment tracking, alerts and analytics.

Shipment tracking is incredibly complicated, unreliable and expensive. Tive is changing that by providing real-time visibility into the entire shipment process, including hyper-accurate location data and condition insights such as temperature, shock, light exposure and humidity. Tive’s release of the industry’s first 5G-ready single-use tracker was met with intense market interest and approval.  Customer adoption is on the rise with aggressive growth in new customers and 570% growth in annual revenue, driven in part by the delivery of the first Non-Lithium powered tracker to address the market’s concerns over Lithium-Ion safety and environmental impact.

"The $20 trillion shipping industry is starting to expect more," said Raju Rishi, General Partner at RRE Ventures. "They are rapidly adopting Tive to gain real-time insights on their shipments, giving them a level of visibility not yet seen before in the industry as well as a new window of opportunity to actually intervene if shipments are being improperly handled. Over the four years we’ve known Krenar, we’ve seen Tive’s full-stack tracking solution be aggressively pulled into the market by a diverse customer base and we’re proud to be backing him and his team as they build a category-defining company in supply chain tracking."

"Given the growing demand for Tive’s full line of tracking solutions, it was obvious that now was the time to dramatically expand our ability to meet industry demand," said Krenar Komoni, CEO at Tive, Inc. "Gaining the support of RRE Ventures and Two Sigma Ventures, as well as our current valued investors, means we can leverage their expertise and focus on growing our customer-centric platform. The infusion of growth capital means bringing products to market faster, enhancing our sales and marketing efforts, adding key leadership, and growing our international presence."

About Tive
Tive delivers real-time in-transit visibility of shipments around the globe with data-driven insights from an enterprise-class Visibility as a Service (VaaS) platform. With Tive, shippers and third-party logistics providers (3PLs) can track and monitor the location and condition of their products while in transit. Tive’s VaaS solution provides data generated by its industry-leading trackers allowing clients to proactively optimize their shipments, improve their customers’ experience, and unlock supply chain insights in an actionable real-time manner. Tive is based in Boston, MA. For more information, visit: www.tive.co

Contact: James Waters, jim@tive.co

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PR Newswire

SpaceChain Receives Grant from EUREKA GlobalStars-Singapore Call to Jointly Develop Decentralised Satellite Infrastructure with Consortium Partners

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Milestone brings together SpaceChain, Addvalue Innovation and Alba Orbital on a mission to democratise access to space innovations

HARWELL, England, Dec. 10, 2020 — EUREKA, in partnership with Enterprise Singapore and Innovate UK, has awarded GBP440,000 in funding together with access to research and development facilities and resources to SpaceChain UK Limited (SpaceChain) and consortium partners Addvalue Innovation Pte Ltd ("Addvalue ") and Alba Orbital. Awarded under the EUREKA Globalstars-Singapore Call, the companies will jointly develop a decentralised satellite infrastructure (DSI) that powers a blockchain payload at its core to enable direct tasking of a satellite in real-time.

The DSI innovation will be formed by a mesh-network of heterogeneous spacecrafts that is owned by multiple parties across jurisdictions operated in Low Earth Orbit (LEO). The DSI is set to democratise access to the nascent space sector with lower barriers to entry by individual companies. The innovation also bridges the communication gap between technology and data.

Once the DSI architecture and the blockchain payload is developed, stringent testing will be carried out on the blockchain-based satellite tasking to ensure secure, reliable connectivity and performance between the DSI infrastructure and ground-based users in real-time. The DSI infrastructure will advance the development of commercial use cases linking space resource providers, satellite application and fintech companies with an ultra-secure and low-latency network.

"We are honoured to receive support from EUREKA, Enterprise Singapore and Innovate UK as we forge ahead on our mission to develop a New Space Economy and minimise the entry barriers to space with the DSI," said Nick Trudgen, chief commercial officer and UK director at SpaceChain. "Space exploration projects are tremendous in scale and require close collaboration and partnership, and this milestone unlocks new opportunities for building commercial solutions that leverage space and blockchain applications."

The innovation will be made possible collectively with the blockchain payload and software package developed by SpaceChain, the Unicorn-2 PocketQube platform built by Alba Orbital, and on-demand real-time communication provided by Addvalue through their Inter-Satellite Data Relay System (IDRS) that leverages LEO-Geosynchronous Earth Orbit (GEO) links.

"With the global blockchain market size projected to grow at a CAGR of 67.3% per annum from USD3.0 billion in 2020 to USD39.7 billion by 2025*, it is undeniable that blockchain technologies will play a very significant role in space applications, especially in the name of cyber-security in protecting the different assets in the space information network. The Addvalue IDRS solution is a key enabler in ensuring the availability of low latency and reliable connectivity for the effective blockchain applications in a decentralized and distributed satellite infrastructure. The funding from EUREKA epitomizes our collective innovation in redefining the future of space applications. Addvalue, through the offering of its proven inter-satellite communication expertise and developmental capabilities for such embedded systems, is excited to be part of the consortium which put us in a pole position to target the fast growing blockchain market in a satellite environment," said Francis Low, Head of Advanced Development at Addvalue Innovation.

"We are very excited to collaborate with SpaceChain and Addvalue as we integrate our expertise for ground-to-satellite communications to create this pioneering DSI Innovation," said Tom Walkinshaw, founder and CEO of Alba Orbital. "Built upon our shared vision in advancing the frontiers of space technologies for businesses, the partnership will catalyse the use of space systems and services in the commercial market with unparalleled performance and security."

The EUREKA project is expected to commence in early 2021.

*source from MarketsandMarket

About SpaceChain

SpaceChain fosters decentralized infrastructure for the New Space Economy. By combining space and blockchain technologies, SpaceChain is making the development of space applications easier and making space more accessible. SpaceChain UK Limited is a subsidiary of SpaceChain Limited. For more information, visit spacechain.com

About Addvalue Innovation

Addvalue Innovation Pte Ltd, a wholly-owned subsidiary of SGX Mainboard-listed Addvalue Technologies Ltd (A31), is a leading satellite-based communication solutions company. Addvalue provides state-of-the-art communication terminals for use in space, in the air, at sea and on the ground. The company also offers extensive engineering and integration services to its customers, including the design and development of reconfigurable embedded system suitable for software defined radio and edge computing applications. Whatever the market or application, the company’s wide range of satellite-based products and services is sure to offer the right technology to drive enhanced connectivity. Learn more at www.addvaluetech.com

About Alba Orbital

Alba Orbital is the world’s leading PocketQube satellite manufacturer and launch broker. The company was founded in 2012 in Glasgow, Scotland and recently opened its second office in Berlin, Germany. To date, Alba launch has successfully deployed 6 PocketQube satellites into orbit including the Unicorn-2 platform. Unicorn-2 is the world’s most capable Picosat by specification. Albaconnect, a ground station service developed by Alba, completes the full end-to-end service to newspace users and operators. Alba has 20+ customers on 3 continents. For more information visit albaorbital.com

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Climatetrade announces a partnership with Algorand and Investment from Borderless Capital

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VALENCIA, Spain, Dec. 2, 2020  — Climatetrade, a blockchain-marketplace for CO2 carbon offsetting, announced today it will leverage the Algorand, a scalable, secure and decentralized digital blockchain technology network. to bring its technology to the next level. In addition, Borderless Capital has participated in the € 1 Million seed round of Climatetrade to support the company’s strategic plan and expansion goals.

Climatetrade is leading the market in terms of bringing transparency and traceability into carbon markets with blockchain solutions, offering its services to large corporations such as Iberia, Melià Hotels, Cabify, Telefónica, and many others. Climatetrade gives its users access to a marketplace where they can  directly offset their carbon footprint by selecting the most suitable carbon credits, along with  the records of all their transactions in a private dashboard.

Climatetrade and its customers will be using Algorand as its primary infrastructure layer and leveraging its capabilities for carbon offsetting. The key benefits to using a public blockchain network to transact and create an open marketplace for carbon credit trading are greater efficiency, transparency and inclusivity.

"Climatetrade’s selection of Algorand to power a global marketplace for carbon offsetting is a major shift in how organizations can achieve carbon neutrality," said W. Sean Ford, COO of Algorand. "By making carbon offsetting more easily accessible and efficient, Climatetrade is poised to make a far reaching environmental impact through its vast network — all with blockchain."

"After analysing several technology providers and rigorous due diligence, we chose Algorand as the blockchain infrastructure to power our platform. We have no doubt, Algorand is the perfect solution due to its flexible architecture, low transaction fees and scalability of transactional performance. In addition, they are the only pure proof-of stake (PPoS) network and we have an aligned business vision," said  Francisco Benedito, CEO of Climatetrade."

Borderless Capital invests in category-leading businesses creating economic value in the borderless economy. This investment will enable Climatetrade to open markets in the United States. The next stop on Francisco’s itinerary will be Silicon Valley, where Climatetrade is planning to open its first office to start commercializing its innovative solutions to those American companies that wish to reaffirm their commitment to sustainability by offsetting their CO2 emissions.

"Borderless is the right partner for us as they have the experience with businesses that integrate blockchain at their core. We are sure that will help ClimateTrade to expand faster and complement our strategy perfectly," said Francisco Benedito.

"We are excited and proud to join ClimateTrade. The use of Algorand technology and blockchain for making the planet a better place is at core of our investment philosophy and mindset," said David Garcia, CEO and Managing Partner of Borderless Capital.

This alliance will enable Climatetrade to position itself as the reference for the climate markets worldwide and to progressively create an exponential organization able to make a real impact in the world.

About Climatetrade
Climatetrade is a Spanish company whose main objective is to help companies achieve their sustainability goals by offsetting CO2 emissions and financing climate change projects.

Pioneering the development of its Blockchain marketplace, Climatetrade has recently launched an API that allows the acquisition of carbon neutral products and services from customers of the different companies integrating this solution.

About Algorand Inc.
Algorand Inc. built the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. The Algorand protocol is the brainchild of Turing Award-winning cryptographer Silvio Micali. Algorand Inc., a technology company dedicated to removing friction from financial exchange, is powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain, and providing responsible privacy models.

About Borderless Capital
Borderless Capital is a modern financial institution investing capital and building financial products that accelerate access, bootstrap adoption, and create value globally through the Algorand borderless economy.

Media contact: algorand@dittopr.co

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PR Newswire

JinkoSolar Sells Its Stake in Abu Dhabi Sweihan Power Station

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SHANGRAO, China, Nov. 27, 2020 — JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its wholly-owned subsidiary JinkoSolar Sweihan (HK) Limited ("Sweihan HK") has signed a share and debt purchase agreement with Jinko Power (HK) Company Limited ("Jinko HK"), an indirectly wholly-owned subsidiary of Jinko Power Technology Co., Ltd. ("JinkoPower") .

Pursuant to the agreement, Sweihan HK will sell its 50% equity interest in Sweihan Solar Holding Company Limited ("Sweihan Holding") to Jinko HK. Sweihan Holding holds a 40% equity interest in Sweihan PV Power Company PJSC (the "Project Company"), the operating entity of a 1,200 MW photovoltaic power plant in Abu Dhabi (the "Sweihan Power Station"). Upon completion of the transaction, which is subject to the closing conditions set forth in the agreement, Jinko HK will indirectly hold a 20% equity interest in the Project Company. The closing of this transaction is subject to approvals by Emirates Water and Electricity Company ("EWEC"), other shareholders of Sweihan Holding and the Project Company, and the project finance lenders.

The Sweihan Power Station is located in the Eastern Region of the Emirate of Abu Dhabi. In September 2016, JinkoSolar and Marubeni Corporation ("Marubeni") formed a consortium that won the bid for the project. All the power generated for an initial period of 25 years will be contractually sold to EWEC.

Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented, "We are glad to have reached this agreement with JinkoPower. This divestiture will help JinkoSolar focus on its core business, enhance our strength and further sustain our long term growth in the global PV industry."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of June 30, 2020.

JinkoSolar has 9 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.

To find out more, please see: www.jinkosolar.com. 

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "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, 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" and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:
Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com

Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com 

In the U.S.:
Ms. Linda Bergkamp
Christensen
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Related Links :

http://www.jinkosolar.com

PR Newswire

Osome Raises US$3m in Funding from XA Network and AltaIR Capital

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The accounting and corporate compliance super app will use funds to further develop its engineering, product development, and marketing

SINGAPORE, Nov. 6, 2020 " — Osome, a growing super app in the accounting and corporate compliance space, has raised US$3 million in funding by XA Network and AltaIR Capital. 

Small to medium sized businesses spend on average 120 days per year on administrative tasks, making it one of the most time-consuming business activities. Osome uses AI and ML techniques combined with the experience of human experts to solve this problem, disrupting the fragmented accounting and corporate services industry. 

With Osome, entrepreneurs can forget about administrative routine and focus on the thing that really matters – on their business. The company provides online accounting services for SMEs especially those involved with E-commerce.There is also a comprehensive range of services like incorporation, payroll and corporate secretarial work. These are tedious but unavoidable tasks which entrepreneurs usually outsource.

More than 4100 companies across the UK, Singapore and Hong Kong already use Osome on a daily basis and this number is growing by 2.5 times per year. Aspiring founders can open a company fully online while existing business owners can get their routine accounting and admin work done on the platform. Client issues are solved issues on the go, without having to call or visit the office – all users need to do to request help with certain tasks is to send a text message in the chat. Osome will circle back with the answer at any time of the day or week. 

AltaIR Capital is a European VC firm boasting over $300M across its three funds that has previously invested in Miro and PandaDoc. XA Network is an investment network comprising senior executives from leading technology companies investing across Southeast Asia. Among previous investors in the company is Target Global, an investor in Rapyd and Delivery Hero. The company will use this funding to further invest in engineering, product development, and marketing across the markets that it is present in – Singapore, Hong Kong, and the United Kingdom.

"We decided to invest in Osome as we have trust in the business model and see the team’s ability to scale it. The service is vital for many new enterprises and has huge growth potential," said Igor Ryabenkiy, Managing Partner of AltaIR Capital.

"Osome taps into a large and fragmented market opportunity and plays in an industry which is ripe for disruption. The company’s business model drives a step-change in both efficiency and customer satisfaction through automation, leading to a high potential for growth and profitability," said Gilberto Gaeta, XA Network’s member and Director, Southeast Asia, Google Customer Solutions.

"We’re glad that our investors believe in the future that we are creating for business owners to remove the headache of paperwork by texting it all away. We want to make it simple for our clients to go digital and acclimatise themselves to the current economy," said Victor Lysenko, founder and CEO of Osome.

The recent economic crisis and global lockdown caused by COVID-19 has pushed SMEs to accelerate the adoption of digital solutions. Osome has been at the forefront of this movement and is participating in Singapore’s Start Digital initiative alongside OCBC Bank – which is the second largest financial services group in Southeast Asia by assets. Start Digital under the SMEs Go Digital programme by the Singapore government provides grants to SMEs that take up approved solutions meant to reduce administrative workload. Osome is also enrolled under the SG:D Spark programme by the Infocomm Media Development Authority of Singapore.

"We are pleased that Osome has closed this new round of funding; this injection of funding will lend impetus to the company’s growth. This will increasingly help Osome to continue to innovate the automation process for corporate services, thus increasing the efficiency of how SMEs operate in today’s post-Covid norms", said Mr Edwin Low, Director of Innovation & Tech Ecosystem, Infocomm Media Development Authority of Singapore. 

About Osome
Osome, headquartered in Singapore, was launched in January 2018 to facilitate business management for small and medium-sized enterprises (SMEs). Its suite of services includes online accounting, business registration, corporate secretary services, and payroll management. Its platform uses automation tools and AI (artificial intelligence) to increase response time and accuracy, and to lower cost. It has market presence in Singapore, United Kingdom, Hong Kong. In 2018, it raised US$2 million in funding led by Target Global, including Phystech Ventures, AdFirst funds, and several angel investors
Find out more about Osome at https://osome.com. 

About XA Network
The XA Network (formerly known as Xoogler Angels) was founded in 2018 as an investment network comprising senior executives from leading global and regional technology companies. Our mission is to provide smart capital to early-stage companies across Southeast Asia.

XA focuses on early-stage investments. Founders value our members’ distinguished backgrounds as entrepreneurs and senior business builders. Furthermore, our portfolio companies are able to tap into the collective power of deep-rooted networks and expertise across business strategy, product development, and fundraising. XA has invested in a wide variety of sectors and over 20 companies since 2018, including Tigerhall, Neuron, Pencil, and Infradigital. XA Network is also an LP in Vertex Southeast Asia and India latest fund. For more information please visit www.xanetwork.co

About AltaIR Capital
AltaIR Capital (www.altair.vc) is a venture management company investing in early-stage and growth projects with a primary focus on FinTech and SAAS Productivity Tools. Among the best fintech investments of AltaIR are Miro, Albert, Deel, Lili, Guide Financial, Socure, SplitIt, EquityBee.