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PR Newswire

VeChain and I-Dante Partnered to Create Blockchain Enabled Medical Data Management Platform for Healthcare Provider in Cyprus

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SHANGHAI, May 18, 2020 /PRNewswire/ — With more than 4.6 million infections, 300 thousand deaths and counting caused by COVID-19, national governments, healthcare systems regardless of region and continent have been scrambling to respond to it, and the pandemic has highlighted the increasing demand for digital technologies to replace our old way of communication. VeChain is at the frontier of this digital transformation, solving the problems of the management of healthcare data by utilizing solutions powered by blockchain technology.

With the aim of enabling digital transformation in the healthcare sector, VeChain, together with I-Dante co-developed a blockchain-enabled medical data management platform named The E-NewHealthLife. Mediterranean Hospital of Cyprus, a hospital under the General Healthcare System of the Republic of Cyprus (GHS) is the first hospital to adopt this application.

Healthcare System Advancement
 There have been efforts to modernize the technological infrastructure in the healthcare sector, but the problems include the administrative and technical difficulties of pooling data from different digital systems, the increasing cost, and the balance of health imperatives and privacy concerns, have greatly hampered the efforts. This dilemma has led to an urgent need for a low-cost yet highly-efficient digital solution.

With proven advantages in terms of secured data storage and efficient information sharing between multiple parties, blockchain technology has emerged as the best option in hand.

Blockchainized Actions In Response To The Challenges
There is a strong and urgent demand to deliver better and more efficient healthcare solutions that can achieve excellent patient-centric healthcare provision, secured data sharing, while complying with regulations on the use and sharing of patient data, which is solved in this case by the introduction of the E-NewHealthLife Web App in the Emergency Department of the hospital as the first phase of this project.

Powered by VeChain ToolChainTM, the Digital Healthcare Passport is an encrypted NFC Card that can be assigned to any patient of the hospital. The NFC Cards will allow the patients to identify themselves automatically at the Emergency Room registration desk, check their queue on mobile phone, manage their own medical records safely with the E-NewHealthLife Web App.

The blockchain powered application can serve both the hospitals internally and also end users. As The E-NewHealthLife fully complies with the GDPR (EU’s General Data Protection Regulation), the App enables the owner to have complete control over their profile and medical records. Data can only be shared to 3rd parties with the permission of the owner.

Bridging Trust In The Healthcare Sector
 Blockchain is being posited as the next frontier in healthcare that will help solve the industry’s interoperability challenges. According to a report by BIS Research, the global healthcare market spending and investment on blockchain-based technologies is expected to hit $5.61 billion by 2025. The adoption of blockchain technology could save the healthcare industry up to $100–$150 billion per year by 2025.

Based on concrete cases of multi party collaboration in various industries, VeChain has been accumulating experience in bridging trust and bringing in transparency into business while being compliant with local authorities and regulators. Given the huge potential of blockchain technology in the medical and healthcare sector, VeChain will continue to develop solutions for all stakeholders and pursue more opportunities in the near future.

About Mediterranean Hospital of Cyprus

The Mediterranean Hospital of Cyprus is a modern private health care institution, one of the largest in Cyprus, with a mission to provide to all the citizens and the visitors of the country safe and high quality medical services 24/7. The founder of the Mediterranean Hospital of Cyprus, Dr. Andreas Panayiotou has set as a goal the development and the establishment of a reliable infirmary, with flexible operational mechanisms, in order to gain the trust and recognition for the quality of its services from everybody. Mediterranean Hospital of Cyprus is the first private hospital that joined Cyprus’ General HealthCare System (GHS).

Website: www.medihospital.com.cy/en/

About I-DANTE LTD

Founded in December of 2019 by Etna Digital Growth (a consultancy- software house company in Italy) and CircleServus LTD (a consultancy company in Cyprus) in order to build digital healthcare solutions leveraging the power of the VeChainThor Blockchain.

Website: www.i-dante.com/

About VeChain

Launched in 2015, VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. VeChain is the pioneer of real-world applications using public blockchain technology, with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong, and San Francisco. Together with our strategic partners PwC and DNV GL, we have established cooperative relations with many leading enterprises in different industries, including Walmart China, BMW, BYD Auto, Haier, H&M, LVMH, D.I.G, ENN, AWS, PICC, ASI etc.

Website: www.vechain.com 

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PR Newswire

KT announces collaboration on ICT-based Epidemic Preparedness

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SEOUL, South Korea, May 17, 2020 /PRNewswire/ — KT Corporation (KRX: 030200; NYSE: KT), South Korea’s largest telecommunications company, announced a three-year research study today funded by the Bill & Melinda Gates Foundation for ICT-based global epidemic response using artificial intelligence (AI) and Big Data.

Study of AI/Bigdata-based Epidemic Preparedness by KT and the Bill & Melinda Gates Foundation infographic
Study of AI/Bigdata-based Epidemic Preparedness by KT and the Bill & Melinda Gates Foundation infographic

The 10-million-dollar project stems from the recognition of South Korea’s advanced information and communication technology (ICT) as well as its proven ability to cope with the ongoing coronavirus pandemic.

The three-year research collaboration builds off discussions between the Gates Foundation and KT in 2019 and the research will be conducted in South Korea, which possesses a high mobile phone penetration rate and 5G infrastructure.

“With this contribution from the Gates Foundation, KT hopes to enhance our opportunity to lead the global effort toward outbreak prevention and response by taking advantage of AI and Big Data,” said Jeon Hongbeom, KT’s head of AI/DX Business Unit. “We also expect to contribute further to the Republic of Korea’s capabilities for epidemic response and preparedness, which has already been globally recognized.”

With Gates Foundation grant funding, KT will develop Big Data algorithms to improve early-diagnosis based on AI during an epidemic and prediction of viral infections spread using mobile data. Research expenses will be divided equally between the two organizations.

“The use of mobile technology and sensors paired with smart data analysis can help address some of the challenges countries face in timely and effective response to disease outbreaks,” said Andrew Trister, deputy director of digital health innovation at the Bill & Melinda Gates Foundation. “Knowing where a disease is moving and being able to predict spread can help save time and save lives. We’re pleased to be providing co-funding alongside Korea Telecom for this consortium of research partners. These will be valuable learnings for South Korea, and applicable to other geographies.”

The collaboration between KT and the Gates Foundation on improving global health has its origins at the data innovation working group by the World Economic Forum in 2018. Since then, the organizations have discussed collaboration on innovative epidemic response using ICT. In April 2019, KT introduced its Global Epidemic Prevention Platform (GEPP), which is to prevent the spread of infectious diseases using mobile data, at the ICT forum hosted by Research Investment for Global Health Technology Fund (RIGHT Fund), South Korea’s first funding agency dedicated to the Global Health R&D through the partnership between the Korean Government, Life Science companies, and the Gates Foundation, and the RIGHT Fund facilitated the discussions between the parties resulted in this three year partnership.

The project calls for KT to first develop a mobile app to automatically input symptoms typically associated with viral infections. An Internet of Things (IoT) body temperature sensor will be among the tools. Symptoms and body temperature will be analyzed with AI to create an algorithm that will calculate the probability of infection.

KT will also use mobile data to examine human mobility patterns and regions with epidemics to determine the direction of the infection spread. At the same time, it will analyze virus trends by region and develop forecasting models to predict seasonal outbreak for each region.

KT expects the research will contribute to global management of epidemics and pandemics. Technically, it will sound an alarm when an infectious disease appears to help prevent massive outbreaks and improve chances of treatment and survival through self-testing.

On one hand, KT forms a consortium with its domestic partners. Korea University Hospital will be tasked with analyzing pathogen genome sequencing; Korea Institute of Science and Technology Information with forecasting models of viral inflow and proliferation; Mobile Doctor with conducting app-based diagnostic data analysis; and MediBloc with developing a blockchain-based platform for sharing user data.

South Korea’s advanced ICT infrastructure has made decisive contributions to the tract-tracing of virus infection as well as social distancing through work from home, remote education and teleconferencing. Those who are infected are isolated at home and monitored through a smartphone app for “self-quarantine safety protection.”

In the wake of the 2015 outbreak of MERS (Middle East Respiratory Syndrome), KT developed its GEPP service in collaboration with the Korea Centers for Disease Control and Prevention and the Ministry of Science and ICT. The multifunction platform warns of epidemic outbreaks and offers relevant information to travelers while tracing their movement to help stop disease transmission.

The global health area, where KT is partnering, aims for better public health in developing countries through development and application of innovative solutions.

MEDIA CONTACTS

For inquiries, please contact our Global Media Relations Team at kt.gmrt@gmail.com

ABOUT KT CORPORATION (KRX: 030200; NYSE: KT)

KT Corp., Korea’s largest telecommunications service provider, reestablished in 1981 under the Telecommunications Business Act, is leading the era of innovations in the world’s most connected country. The company is leading the 4th industrial revolution with high speed wire/wireless network and new ICT technology. KT launched the world’s first nationwide commercial 5G network on April 3, 2019, after successfully showcasing the world’s first trial 5G services at the PyeongChang Winter Olympic Games in February 2018. This is another milestone in KT’s continuous efforts to deliver essential products and services as it aspires to be the number one ICT Company and People’s Company.

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Source: KT Corp.

PR Newswire

Coc Coc Shares Its Contribution in Fighting Against COVID-19 Epidemic

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HANOI, Vietnam, May 15, 2020 /PRNewswire/ — Vietnam has made efforts to implement measures of the COVID-19 prevention and achieved positive results. To contribute to this success, businesses, especially technology companies, have taken numerous practical actions. As a leading Vietnamese technology company, Coc Coc has made timely contributions to the fight against COVID-19 in Vietnam. 

Despite having a wide border with China, Vietnam is currently one of the very few countries that has controlled the COVID-19 epidemic effectively with prompt and drastic policies of social distancing. The country is worldwide known with many creative communication campaigns which government, companies & people join hands to make it go viral, such as “Ghen Co-Vy” song & dance, rice ATM, 0 dong supermarket.

COVID-19 Search Page on Coc Coc Browser with 250,000 queries daily

As the progress of the COVID-19 epidemic was getting more complicated in some countries, the amount of traffic in searching for COVID-19 related keywords increased dramatically. However, that facilitated the dissemination of false information, which mainly mentioned the number of COVID-19 positive patients, as well as the methods to prevent the disease. Before the situation of fake news quickly spread on the Internet, Coc Coc launched an updated information page of COVID-19 based on official sources on the Coc Coc search engine on February 10 to provide exact information for users to follow. Coc Coc is one of the first Vietnamese technology companies to develop a COVID-19 information page with such fast access speed and updated information. Users only need to type keywords related to Covid-19 such as “corona virus”, “coronavirus”, “nCoV”, “corona virus”, “2019-nCoV”, ” COVID-19″, “sars-cov-2” on Coc Coc browser (with 24M users) or accessing to the link, a complete news page of the COVID-19 pandemic developments will appear immediately. All necessary information of the disease such as symptoms, prevention methods, recommendations of the Ministry of Health are continually updated in the most concise and intuitive way. Users can look for information from both desktop and mobile, and easily share it with friends and relatives. After launching the news page, Coc Coc has recorded 250 thousand visits daily. And, Coc Coc has become the most popular COVID-19  news one in Vietnam and received a lot of requests from the overseas Vietnamese community to publish it in English version.

COVID-19 search page on Coc Coc receives 250,000 queries/day
COVID-19 search page on Coc Coc receives 250,000 queries/day

Communication to promote social distancing

Besides, Coc Coc also applies the chatbot of COVID-19 on their fanpage. When users directly send questions to Coc Coc’s fanpage, Coc Coc will have access to the information and give back the most accurate answers.

For users on Coc Coc’s mobile platform, Coc Coc immediately updates daily news about COVID-19, epidemic prevention information and government announcements via push notification.

After the social distancing instruction of the government, Coc Coc rapidly changed its Doodle so as to enthusiastically respond to the campaign “Staying at home is happy”. Especially, Coc Coc actively spread the message on the browser’s new tab page with more than 20 million views per day, in order to raise public awareness of the importance of keeping themselves and society safe.

Support package for COVID-19 affected clients

During a period of social distancing, Vietnam also encouraged businesses to offer assistance programs for people such as online payment, online work, and other online forms.With several suitable features for users working or learning online, Coc Coc tried their best to optimize those features to users for a better experience. In addition to the existing features, Coc Coc also released new features to meet entertainment demands such as Coc Coc Music, Coc Coc Game. 

At this time, Coc Coc is also implementing plans to provide advertising support packages so as to accompany businesses that are badly affected by the disease.

About Coc Coc:

Coc Coc is a Vietnamese browser, which was developed on Chromium open-source platform – a platform popularly used by other well-known web browsers such as Google Chrome and Opera. Overtaking IE, Firefox, Safari, Coc Coc has grown to be the second most popular web browser in Vietnam with nearly 18.4% market share of browsers by access and 5.8% that of search engines. In 2019, Coc Coc cooperated with Yandex, one of Europe’s largest internet companies, to launch the personalize newsfeed on Coc Coc Newtab that delivered remarkable growth in users and revenue.

Website: https://coccoc.com/

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PR Newswire

Frost & Sullivan Assesses the Top 21 Global Risks that Threaten the Next Decade

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Inability to mitigate global risks such as rise of infectious diseases like COVID-19 can adversely impact businesses, societies, and economies

SANTA CLARA, California, May 14, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Global Future Risks—Future-proofing Your Strategies, 2030, provides a compelling analysis that will help stakeholders understand the impact of future risks through the short, medium and long terms, and equip them to act on clear growth opportunities. The study presents over 80 growth opportunities arising from 21 risks, which will help policymakers, businesses and individuals take immediate tactical and strategic actions and draw plans to lower impact. Unpreparedness to address these challenges, which are looming across the globe, will adversely impact businesses, societies, economies, cultures, and personal lives.

Global Future Risks
Global Future Risks

For further information on this analysis, please visit: http://frost.ly/43o

“Risks are now increasingly interconnected, which, if amplified, can trigger a ripple effect across industries, regions, and diverse stakeholder groups. Therefore, mitigating them will involve measures to quantify relevant risks, estimate the probability of occurrence and the adoption of a cohesive, interdisciplinary, and multipronged approach,” said Murali Krishnan, Visionary Innovation Group Senior Industry Analyst at Frost & Sullivan.

Krishnan added: “With an estimated 200 billion connected devices by 2030, the risk of sophisticated cyberattacks will escalate. Therefore, companies should invest in future-casting tools that help identify the impact of such risks to their business, thereby detecting vulnerabilities and avoiding disruptions.”

“Over 40 million Americans are at risk of flooding from rivers, nearly 300,000 have lost their lives to the COVID pandemic, and close to $1 billion in costs will be borne annually by economies as they become victims to cyberattacks. The stakes are high, claiming both lives and resources. Businesses must look to invest in early warning systems that help future-proof them against the known and the unknown. Understanding risks and its levers can become a growth opportunity if used as a tool to create value,” noted Archana Vidyasekar, Visionary Innovation Group Research Director at Frost & Sullivan.

To tap into growth opportunities emerging from the short-, mid- and long-term risks, organizations can focus on the following areas:

Short-term risks

  • Privacy and disinformation risks: Organizations must adopt a “privacy-by-design” approach, which goes beyond accepted privacy standards and assumes global regulatory compliance.
  • Rise of infectious diseases: Advanced technologies such as next-generation sequencing (NGS) and CRISPR-based diagnostics will enable new approaches in the treatment of infectious diseases.
  • Water crisis: Innovation in agricultural practices such as vertical farming and optimized crop selection can play an important role in reducing the ongoing water crisis.

Mid-term risks

  • Urbanization: Urbanization stress will trigger the demand for smart solutions such as intelligent grid control and electrification, smart buildings, and smart storage solutions.
  • Climate change risks: Organizations will emphasize investments in buildings with net-zero energy consumption, and greenhouse gas emissions will increase minimally.

Long-term risks

  • Artificial intelligence (AI) as a threat: AI can be a strong reason for the polarization of jobs across the world, but investing in collaborative computational capabilities can help allocate an ideal division of tasks between humans and robots based on their distinct capabilities and deployment costs.
  • National identity crisis: Great business opportunities exist in providing digital authentication of eGovernment services such as digitization of birth, marriage, and death certificates, passports, and driving licenses.

Global Future Risks—Future-proofing Your Strategies, 2030 is the latest addition to Frost & Sullivan’s Visionary Innovation research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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.

Global Future Risks—Future-proofing Your Strategies, 2030
K3FB

Contact:
Francesca Valente
P: +54 11 4777 5300
E: mailto:francesca.valente@frost.com
http://ww2.frost.com

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PR Newswire

Telehealth to Experience Massive Growth with COVID-19 Pandemic, Says Frost & Sullivan

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Demand for telehealth will soar by 64.3% in the US in 2020 as the COVID-19 pandemic disrupts the practice of medicine and the delivery of healthcare

SANTA CLARA, California, May 14, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Telehealth—A Technology-Based Weapon in the War Against the Coronavirus, 2020, finds that the demand for telehealth technology is expected to rise dramatically as the COVID-19 pandemic continues to disrupt the practice of medicine and the delivery of healthcare worldwide. The telehealth market in the United States (US) is estimated to display staggering seven-fold growth by 2025, resulting in a five-year compound annual growth rate (CAGR) of 38.2%. In 2020, the telehealth market is likely to experience a tsunami of growth, resulting in a year-over-year increase of 64.3%.

Telehealth to Experience Massive Growth with COVID-19 Pandemic, Says Frost & Sullivan
Telehealth to Experience Massive Growth with COVID-19 Pandemic, Says Frost & Sullivan

For further information on this analysis, please visit: http://frost.ly/43e.

“The critical need for social distancing among physicians and patients will drive unprecedented demand for telehealth, which involves the use of communication systems and networks to enable either a synchronous or asynchronous session between the patient and provider,” said Victor Camlek, Healthcare Principal Analyst at Frost & Sullivan. “However, all stakeholders need to remember that many people use the terms ‘telehealth’ or ‘telemedicine’ without understanding the ecosystem that is involved. This study will clarify the many components that are needed in order to implement telehealth.”

Camlek added: “Across the market segments, virtual visits and remote patient monitoring (RPM) will propel the overall market of telehealth, followed by mHealth and personal emergency response systems (PERS). Further, patients will benefit if data from RPM is fully available to virtual visit providers. This trend will demonstrate the benefit of integrated services. The trauma resulting from the COVID-19 crisis will lead to a clear growth opportunity for one-stop virtual visit and RPM solutions.”

The opportunity for telehealth products and services to become a standard of care is growing. The challenge facing these technology and healthcare providers will focus on their ability to scale-up to this unprecedented demand. Growth in the telehealth space will be sustained beyond the COVID-19 pandemic for the vendors who can deliver:

  • User-friendly sensors and remote diagnostic equipment that yield a high rate of successful patient outcomes following the telehealth experience.
  • Practical applications of artificial intelligence (AI), Interactive Virtual Assistants (IVAs), and robotics that expand the telehealth deployment model.
  • Deployment of big data analytics that can help researchers learn more about the way COVID-19 progresses among diverse patient populations.
  • Adherence to cybersecurity and privacy regulations that avoid data breaches following the use of telehealth services.
  • Measurable data that confirms the value of telehealth and influences regulatory agencies at the federal and state levels to extend all emergency waivers beyond the pandemic.

Telehealth—A Technology-Based Weapon in the War Against the Coronavirus, 2020 is the latest addition to Frost & Sullivan’s Transformational Health research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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.

Telehealth—A Technology-Based Weapon in the War Against the Coronavirus, 2020
K488

Contact:
Mariana Fernandez
Corporate Communications
P: +1 (210) 348.1012
E: mariana.fernandez@frost.com 
https://www.frost.com

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PR Newswire

Bigo Live Announces ‘Global BIGOer One World Together’ Fundraising Campaign To Support WHO In Fight Against COVID-19

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  • The “Global BIGOer One World Together” fundraising campaign brings together the global BIGO community to raise donations for the World Health Organization’s COVID-19 Solidarity Response Fund
  • Campaign highlights include the release of a music video featuring 100 broadcasters from over 20 countries, showcasing solidarity.
  • Viewers are invited to enjoy a 24-hour music live house featuring broadcasters from around the world starting 13 May 2020 at 9:00am PST to 14 May 2020, 9:00am PST as well as to donate to the Solidarity Response Fund on the Bigo Live app.

LOS ANGELES, May 12, 2020 /PRNewswire/ — Bigo Live, a global leading live streaming platform, today announced the ‘Global BIGOer One World Together‘ fundraising campaign in support of healthcare workers and vulnerable communities affected by COVID-19. The ‘Global BIGOer One World Together’ campaign brings together a cast of talented singers and musicians from around the world who will broadcast on Bigo Live app, with proceeds going to the World Health Organisation (WHO)’s Solidarity Response Fund.

Join BIGO LIVE broadcasters as they belt their way into your hearts and raise funds for WHO Solidarity Response Fund
Join BIGO LIVE broadcasters as they belt their way into your hearts and raise funds for WHO Solidarity Response Fund

Mike Ong, Vice President of BIGO Technology said “The ‘Global BIGOer One World Together’ fundraiser aims to rally and unite the community as one through the power of music. As a global platform that connects and brings people together, the campaign is aimed at fostering solidarity on a global scale for a very important cause. In collaboration with Bigo Live broadcasters, we hope to bring the community together to lend our support to frontline healthcare professionals and communities most in need during the COVID-19 pandemic.”

A music video showcasing solidarity was put together by over 100 broadcasters from over 20 countries performing a cover of the Michael Jackson hit “We Are The World”. It will be released on 12 May 2020 across all Bigo Live social media channels.

The main event is a 24-hour music livehouse on Bigo Live that will take place on 13 May 2020, starting at 9:00am PST. The music livehouse – a single ‘room’ on Bigo Live that will host the performances – will showcase broadcasters from around the world streaming right from their own homes or studios. Viewers will be able to engage and chat with the broadcasters as well as the community using the various features on the app. Viewers are encouraged to donate generously towards the fundraising efforts via the Bigo Live app.

Since the start of the outbreak, Bigo Live has launched a series of curated content by broadcasters around the world to bring comfort and happiness during these trying times. This included a #STAYATBIGO campaign which had sharing sessions with healthcare professionals, performances by local music DJs and workouts by fitness enthusiasts to help local communities stay fit and healthy at home. They have also been the first to bring cloud clubbing as a form of entertainment to communities in Southeast Asia, Australia and New Zealand.

“The fight against COVID-19 is a long and arduous one. As with previous campaigns over the past few months, we hope that the Global BIGOer One World Together campaign will help bring people together and show our solidarity towards frontline professionals, while also being able to spread some joy and cheer,” Mike added.

Viewers can expect to see popular broadcasters from the country like “RazB_B2K”, “Djer” and “HalleHallelujah” perform in-app between 5:30pm, PST to 7:00pm, PST on 13 May 2020.

To join ‘Global BIGOer One World Together’ live stream, search for the Bigo ID: “music” in the app.

Web users can also join the music live house via this link here: https://bigolive.onelink.me/sG8X/Livehouse

About Bigo Live

Bigo Live is one of the world’s fastest-growing livestreaming social communities where users broadcast in real-time to share life moments, showcase their talents and interact with people from around the world. Bigo Live has around 400 million users in over 150 countries and is currently the market leader in the livestreaming industry. Launched in March 2016, Bigo Live is owned by BIGO Technology which is based in Singapore.

Download the Bigo Live app here: https://bigolive.onelink.me/sG8X/bigoliveth

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PR Newswire

Leica Biosystems launches Aperio GT 450 DX in Asia enabling high volume clinical labs to scale up digital pathology operations

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VISTA, California, May 12, 2020 /PRNewswire/ — Leica Biosystems, the global leader in pathology workflow solutions, announced today that it has launched the Aperio GT 450 DX, its next generation digital pathology scanner, in the APAC region. With continuous loading, no-touch operation, and 32 second scan time at 40x magnification, the Aperio GT 450 DX, registered as CE IVD and TGA, allows healthcare organizations to scale up digital pathology so they can meet ever-increasing demands without sacrificing quality.

Leica Biosystems launches Aperio GT 450 DX in Asia enabling high volume clinical labs to scale up digital pathology operations
Leica Biosystems launches Aperio GT 450 DX in Asia enabling high volume clinical labs to scale up digital pathology operations

The Aperio GT 450 DX System was rigorously tested by technicians and pathologists in Asia, including at Seoul National University Hospital (SNUH), a leading digital pathology hospital in South Korea, to determine the workflow impact.

“The Aperio GT 450 DX next generation imaging solution innovatively reduces the pre-scan process and scanner technician time, while maintaining sharp image quality and color for the pathologist. We expect that these workflow time savings will allow us to scale up our digital pathology operations instead of using the current conventional glass slide-based diagnosis,” said Prof. Kyoungbun Lee, Department of Pathology, Seoul National University Hospital, who led the beta testing of the Aperio GT 450 DX.

“We are excited about this innovative product as it delivers the benefit of improved throughputs, reduced turnaround time and high-quality images for our healthcare professionals,” said Colin White, Global Vice President, Advanced Staining and Imaging at Leica Biosystems.

For In Vitro Diagnostic Use. The clinical use claims described for the products in the information supplied have not been cleared or approved by the U.S. FDA or are not available in the US.

Aperio GT 450 at Leica Biosystems Virtual Digital Pathology Summit
On May 19th and 20th, 2020, thought leaders from around the globe will gather to showcase talks on the latest topics and advances in digital pathology whilst providing a collaborative and interactive experience in a virtual environment. Learn more about the Aperio GT450 DX during this virtual summit.

About Leica Biosystems
Leica Biosystems is a global leader in workflow solutions and automation, integrating each step in the workflow. As the only company to own the workflow from biopsy to diagnosis, we are uniquely positioned to break down the barriers between each of these steps.  Our mission of “Advancing Cancer Diagnostics, Improving Lives” is at the heart of our corporate culture.  Our easy-to-use and consistently reliable offerings help improve workflow efficiency and diagnostic confidence. The company is represented in over 100 countries and is headquartered in Nussloch, Germany.

Media Contact: Melissa Crothers, Global Marketing Communications Manager
Phone: 760-539-1193
Email: LBS-GlobalMarketing@leicabiosystems.com 

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PR Newswire

111 to Launch First Online Diabetes Patient Management Platform with Lilly China

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SHANGHAI, May 8, 2020 /PRNewswire/ — 111, Inc. (“111” or the “Company”) (Nasdaq: YI), a leading integrated online and offline healthcare platform in China, today announced that it is launching a new diabetes patient management platform in cooperation with Lilly China.

The two companies will work together to build a comprehensive diabetes patient management platform that includes services such as disease management, disease education and patient support programs to enrich patients’ knowledge of chronic disease management and to better help diabetic patients to self-manage from home. The platform will seek to harness the power of internet hospital technologies, big data and artificial intelligence technologies to provide diabetic patients with a comprehensive digital health management solution.

111 has accumulated extensive experience in operations management in the area of chronic disease, especially in diabetes, laying a solid foundation for the development of the diabetes management platform. With the transformative power of technology, the platform will seek to provide patients with a one-stop solution for “physician consultation + medication” services, allowing patients to consult with qualified physicians online, and receive personalized healthcare management services, online refill service, and medication delivery services.

As the first multinational pharmaceutical company to join the platform, Lilly China will leverage its expertise in the field of diabetes management and will also offer a variety of patient management and support programs, including “Lilly Connected Care Program” and Patient Benefit Program, to eligible diabetes patients, with the aim of providing personalized disease education and health management services. In addition, with its deep experience in the diabetes field, Lilly China will help to develop a directory of disease education resources to help patients understand risk factors, signs and symptoms, and treatment options. 

Commenting on Lilly’s collaboration with 111, President and General Manager of Lilly China, Mr. Julio Gay-Ger, said, “The internet + healthcare model has increasingly gained recognition from the Chinese government, and Lilly China is actively exploring innovative business models in collaboration with a number of third-party platforms, including internet hospitals. Joining 111’s diabetes patient platform is an opportunity for Lilly China to conduct disease management and education through online hospitals, and also improve access to Lilly China’s various patient support and benefit programs for diabetic patients.”

“China has over 100 million diabetic patients, and it is crucial to help this large group of patients to manage their health effectively,” said Dr. Yu Gang, Co-Founder and Executive Chairman of 111. “As a technology enabler of the pharmaceutical health ecosystem, 111 looks forward to working with Lilly China to leverage resources and core competence in each of our respective fields, and explore an efficient management model of diabetes. This collaboration aims to deliver better care and medical outcomes for patients with chronic diseases by developing an integrated digital health management platform. Our ambition is to leverage on technology to overcome the constraints of time and location to provide greater convenience for both patients and physicians,” Dr. Yu Gang noted. “Through our platform, we hope to provide patients with better access to information on diet, exercise, and medication specifically tailored to their individual needs, as well as a personalized management and treatment program that could help improve their own health. A step closer to the goals of Healthy China 2030.”

About 111, Inc.

111, Inc. (NASDAQ: YI) (“111” or the “Company”) is a leading integrated online and offline healthcare platform in China. The Company provides hundreds of millions of consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy and indirectly through its offline pharmacy network. 111 also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation and electronic prescription services. In addition to providing direct services to consumers through its online retail pharmacy, 111 also enables offline pharmacies to better serve their customers. The Company’s online wholesale pharmacy, 1 Drug Mall, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. The Company’s new retail platform, by integrating the front and back ends of the pharmaceutical supply chain, has formed a smart supply chain, which transforms the flow of pharmaceutical products to pharmacies and modernizes how they serve their customers.

For more information on 111, please visit http://ir.111.com.cn/.

For more information, please contact:

111, Inc.
 Media Relations 
Email: press@111.com.cn 
Phone: +86-021-2053 6666 (China)

111, Inc.
Investor Relations
Email: ir@111.com.cn

GCM Strategic Communications
IR Counsel
Email: 111.ir@gcm.international

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Source: 111, Inc.

PR Newswire

Cyient reports the Q4 FY 20 financial results

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HYDERABAD, India, May 8, 2020 /PRNewswire/ — Cyient (Estd: 1991, NSE: CYIENT), a global engineering and technology solutions company, today reported its consolidated financial results for the fourth quarter (Q4) of FY 2020 ending March 31, 2020.

Mr. Krishna Bodanapu, Managing Director and CEO, Cyient Limited
Mr. Krishna Bodanapu, Managing Director and CEO, Cyient Limited

Financial Highlights:

For FY2020

  • Group revenue at $625.2 Mn (₹44,274 Mn); de-growth of 5.3% (4.0% in CC terms) and degrowth 4.1% YoY (₹ terms)
  • Services revenue at $550.7 Mn; de-growth of 5.1% (3.7% in CC terms)
  • DLM revenue at $74.6 Mn; de-growth of 6.6%
  • Normalized EBIT excluding one-offs at ₹4,084 Mn; de-growth of 23.4%
  • Normalized EBIT margins excluding one-offs at 9.2%; lower by 232 bps
    • Normalized EBIT margin for services excluding one-offs at 10.5%, lower by 228bps
  • Free Cash flow at ₹4,102Mn (highest ever)
  • Free Cash Flow conversion at 56.9%
  • Normalized PAT at ₹3,727 Mn; de-growth of 23.9%
  • Total dividend for the year stood at Rs 15/- per share

For Q4 FY20

  • Consolidated revenue at $149.2 Mn; degrowth of 3.8% QoQ and de-growth of 9.7% YoY
  • Services revenue at $132.3 Mn; de-growth of 5.6% QoQ (5.4% in CC) and de-growth 10.0% YoY
  • DLM revenue at $17 Mn; growth of 12.4% QoQ; de-growth of 7.1% YoY
  • Cash flow to EBITDA conversion at 74.0%
  • Normalized EBIT excluding one-offs at ₹905 Mn
    • Normalized EBIT margin excluding one-offs 8.4%; lower by 118 bps QoQ
    • Normalized EBIT margin for services excluding one-offs at 9.6%, lower by 100 bps QoQ

Business Highlights

  • Signed an agreement with Hitachi Rail to deliver a series of project engineering services to support and accelerate the evolution of its signaling technology and enhance its project execution capacity in April 2020
  • Mysore facility to support manufacturing of COVID-19 diagnosis units and X-ray system assemblies
  • Providing Telangana State Police with drone-based surveillance technology to help implement the COVID-19 related lockdown in Hyderabad
  • Contributed ₹ 20 Mn to the Telangana Chief Minister’s Relief Fund to support the government’s efforts in fighting the COVID-19 pandemic in April 2020

Message from the Management         

Commenting on the results, Mr. Krishna Bodanapu, Managing Director and Chief Executive Officer, said, “Our performance was below expectations both on revenue and margin terms largely due to the impact of COVID which was significant on many parts of our business. Our revenue for the quarter stood at $149.2 Mn, 3.8% lower QoQ in constant currency. Services revenue at $132.3 Mn is lower by 5.4% in constant currency due to de-growth in Utilities and Semiconductor businesses and was offset by an increase in the Aerospace & Defense business. The DLM revenue at $17 Mn was higher by 12.4% QoQ. Our Gross margin at 33.5% was lower by 248 bps QoQ with significant impact due to the shortfall in revenue. DLM gross margin at 13.3% was lower due to changes in revenue mix. Lower utilization during the quarter due to COVID preparedness also impacted the margin. Our EBIT margin was lower by 120 bps mainly due to a volume drop. For the year, our revenue stood at $625.2 Mn which is 5.3% lower YoY. Services revenue at $550.7 Mn was lower by 5.1% YoY while DLM at $74.6 Mn was lower by 6.6%. Degrowth in the services business was driven predominantly by A&D, Communication and Portfolio BUs. We are focused on accelerating business growth and have strengthened our leadership team with the appointment of Karthik Natarajan as the President & Chief Operating Officer and Felice Gray-Kemp as Sr. Vice President & General Counsel. With both joining us we will strengthen our focus on winning new business, especially in digital focused, IP-driven solutions and services. We will continue to strengthen our capabilities across business verticals and realign ourselves to achieve growth through these challenging times.”

Commenting on the results, Mr. Ajay Aggarwal, President & CFO, said, “The revenue for FY20 stood at $625.2 Mn (₹ 44,274 Mn) with operating profit of $57 Mn (₹ 4,084 Mn) and normalized PAT of $52.2 Mn (₹ 3,727 Mn). Our sustained focus on collections led to a robust EBIDTA to FCF conversion of 56.9% and healthy cash balance of ₹ 9,518 Mn. We generated FCF of ₹ 4,102 Mn for the year. We are preparing to secure future in these challenging times with an aggressive cost control and optimization plan with primary focus on liquidity and cash. This includes rigorous initiatives on collections, working capital cycles, receivables, payables, and discretionary cost control. We continue to tap opportunities for automation, pyramid rationalization, subcontracting cost optimization and other cost levers. We expect our margins to strengthen in FY21 where the full benefits of improved operational efficiency will be visible. The COVID-19 pandemic has slowed down the positive momentum that we had seen building in the overall performance. However, we stay confident in our ability to embrace and adapt to the new normal and to get back to an industry-leading growth and profitability position over the long term.”

Business Performance & Outlook

Aerospace & Defense 

Aerospace & Defense BU witnessed a growth of 4.7% QoQ and de-growth of 6.9% YoY in Q4 FY20 predominately driven by weak customer spend and impact of COVID pandemic from mid of Q4. For full year, BU de-growth is at 4.7% YoY. Services business is expected to de-grow through the year due to the global industry challenges caused by COVID. Growth momentum is likely to be back in Q4. We continue to see growth in our DLM business with significant order wins. Defense market spends seems to be promising and is expected to grow in this FY which gives Cyient an opportunity for growth.

Transportation

Transportation BU witnessed a de-growth of 3.5% QoQ and 15.9% YoY in Q4 FY20 driven by supply side challenges in the Q4, in addition to delay in closure of new deals. For full year Transportation BU witnessed a de-growth of 4.2% YoY. The year we extended the MSA with a key client, new client wins and initiation of a strategic DLM project in signalling space. The outlook for the year continues to be moderate and we expect growth across several key clients.

Communications

Communications BU witnessed a de-growth of 2% QoQ and growth of 1.1% YoY in Q4 FY20. The performance was better in the second half of the year compared to first half with a growth of 11% driven by generation of new revenue streams in key clients, new client additions, revenue streams from 5G rollouts and expansion into new segment. For full year Communications BU witnessed a de-growth of 8.1% YoY. For the year the industry is expected to investment in improving network, 5G technology increasing adoption of IoT and smart city solutions.

E&U 

The Energy and Utilities BU witnessed a de-growth of 20.5% QoQ and 18.3% YoY in Q4 FY20 impacted by closing of two major utilities projects and supply side challenges in Q4. For full year Energy and Utilities BU witnessed a de-growth of 0.6% YoY. The BU witnessed a flat growth YoY. The business is expected to be impacted in the near term with uncertainties over demand and supply, investment strategies and business models. We expect the business to recover in the second half of the year.

Semiconductor 

Semiconductor business witnessed de-growth of 22.3% QoQ and 35.1% YoY in Q4 FY20 predominantly driven by IC chips delivery issues due to disruptions in the supply chain. For full year SIA BU witnessed a degrowth of 14.3% YoY. We expect positive business momentum through opportunities in design services for large digital chips, embedded systems and software for automotive and new turnkey silicon opportunities.

Medical Technology and Healthcare

The Medical and Healthcare business witnessed a de-growth of 10.9% QoQ and a growth of 12.7% YoY. Revenue from key clients has grown considerably through the year. For full year MT&H BU witnessed a growth of 18.5% YoY. We also witnessed a strong growth in the manufacturing side of the business. With the focus on COVID related services we expect positive momentum to be back in the second half of the year.

Portfolio

Portfolio BU witnessed a de-growth of 3.0% QoQ and 10.6% YoY. The business was impacted by supply side challenges in Q4 predominantly in the industrial business. For full year Portfolio BU witnessed a degrowth of 9.7% YoY. Our Geospatial business grew QoQ led by a strong performance in two of our top three clients. For the year we expect the revenue to decline as clients are likely to limit their IT spends.

Operational Highlights      

CSR Activities

  • Continue to support 28 Government Schools – providing education to 18,500+ under privileged children
  • Continue to support 70 Cyient Digital Centers (CDCs) in around Telangana and Andhra Pradesh
  • Provided training to the 3rd pilot batch of 300 unemployed women on tailoring, bakery and beauty courses through the Cyient Urban Micro Skill Center (CUMSC) for urban poor
  • Organized a blood donation drive to commemorate 100 years of the Indian Red Cross Society. Witnessed participation by more than 500 volunteers
  • Took up the cause of girl child welfare by organizing activities geared to help under privileged adolescent girls

Awards & Recognitions

  • Won the Supplier Innovation Award for the seventh consecutive year and the Supplier Highest Productivity Award for the fourth year in a row at the Annual Pratt and Whitney Supplier Summit 2019
  • Won the 2019 Harithaharam Award at the CII Telangana State Annual Meeting 2019-20 for sustainable efforts in improving tree cover in the state

About Cyient

Cyient (Estd: 1991, NSE: CYIENT) provides engineering, manufacturing, geospatial, digital, networks, and operations management solutions to global industry leaders. Cyient leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems.  As a Design, Build and Maintain partner, Cyient takes solution ownership across the value chain to help clients focus on their core, innovate, and stay ahead of the curve.

Relationships form the core of how Cyient works. With over 15,000 employees in 22 countries, Cyient partners with clients to operate as part of their extended team, in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, medical, telecommunications, rail transportation, semiconductor, utilities, industrial, energy and natural resources.

For more information, please visit www.cyient.com.
Follow news about the company at @Cyient.

Contact Details
Media Relations 

Perfect Relations
Vishal Thapa
Mobile: +91 9701834446
Email: vthapa@perfectrelations.com

Disclaimer

This document contains certain forward-looking statements on our future prospects. Although Cyient believes that expectations contained in these statements are reasonable, their nature involves a number of risks and uncertainties that may lead to different results. These forward-looking statements represent only the current expectations and beliefs, and the company provides no assurance that such expectations will prove correct.

All the references to Cyient’s financial results in this update pertain to the company’s consolidated operations comprising wholly-owned and Step-down subsidiaries Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient Australia Pty Ltd; Cyient Singapore Private Limited; Cyient KK; Cyient Israel India Limited; Cyient Insights Private Limited; Cyient Canada Inc.; Cyient Defense Services Inc.; Certon Software Inc.; Certon Instruments Inc.; B&F Design Inc.; New Technology Precision Machining Co. Inc.; Cyient Insights LLC; Cyient Benelux BV; Cyient Schweiz GmbH; Cyient SRO; AnSem NV; AnSem B.V.; Cyient AB; partly owned subsidiaries Cyient Solutions and Systems Private Limited; Cyient DLM Private Limited; joint venture Infotech HAL Ltd (HAL JV) & associate company Infotech Aerospace Services Inc. (IASI) until 8th December 2017.

The income statement and cash flow provided is in the internal MIS format. MIS format is different from the income statement published as part of the financial results, which is as per the statutory requirement.

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PR Newswire

Minneapolis Technology Company Launches Breakthrough Health Safety Kiosk that helps Mitigate Spread of COVID-19

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Helps Facilitate Safe Reopening of Private and Public Sector

Ensures Body Temperature and Hand Sanitization Compliance with Controlled Entry and Optional Mask Monitoring

MINNEAPOLIS, May 4, 2020 /PRNewswire/ — Municipal Parking Services, Inc. (MPS) today announced the launch of the first and only automated system to help mitigate the asymptomatic spread of COVID-19 on private and public premises through the detection of elevated temperatures, audited hand sanitation and entry access control.

Known as the Sentry Health Kiosk™, the system was inspired by the company’s line of touchless smart parking products currently installed in municipalities and university settings around the world.  Sentry Health Kiosk™ is a non-contact kiosk that automatically takes and reports body temperature, mandates hand sanitization and manages access control while creating a comprehensive audit trail.

   

The system leverages MPS patented technologies to provide best-in-class safety and peace of mind for consumers, employees and employers.  With an optional facial recognition function, it can also ensure compliance in locations where face masks are required.

“Studies show that most people with COVID-19 are asymptomatic, so having a device that just takes temperatures is inadequate at best,” said Joe Caldwell, founder of Sentry Health.  “According to experts, the best way to protect yourself and mitigate the spread of a virus is simply to wash your hands. Sentry Health Kiosk is the only system that checks both boxes – temperature reading and audited hand sanitization.   If a person doesn’t complete the process, they simply can’t come in,” Caldwell added.

  • The technology can also allow for personal health surveys and other information, including remote or on-site video calls through the kiosk’s interactive smart screen. 
  • MPS is significantly expanding its capacity to accommodate the rapid demand for the kiosk.
  • The Company will donate 5% of Sentry Health profits to provide kiosks to foodbanks and other non-profit organizations.                                                                                      

About Municipal Parking Services (MPS)

Founded in 2009, MPS is a leader in touchless payment and enforcement systems for both public and private institutions. Sentry Health Kiosk is a division of MPS focused on detection and prevention technologies for retailers, manufacturers, public institutions, educational institutions, healthcare settings and the sports and entertainment industries.

See www.sentryhealth.life for more product details and specifications. See www.mpspark.com for more information about Municipal Parking Services.

Contacts: Joe Caldwell joe@mpspark.com 

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