Falcon Composable GPU Solution helps to create unified composable IT infrastructure that eases management and enhances flexibility. 16GPU, 8GPU, and 5GPU models are available for any multi-GPU application.
TAIPEI, Nov. 19, 2020 — H3 Platform Inc., the composable infrastructure solution provider based in Taiwan, announced the general availability(full production) of its new integrated composable GPU expansion solution along with SC20. The Falcon 4010 and 4005 are the two latest models to H3 Platform’s Composable GPU Expansion Chassis product family. Both models possess PCIe Gen4 performance and are compatible with the latest GPUs such as Nvidia® A100. The new models also succeed the software-defined GPU technology and H3 platform’s unique multi-function graphical user interface that eases GPU management. The Falcon GPU expansion system aims to raise computing performance, reduce implementation complexity, and enhance GPU utilization rate for the broad multi-GPU applications at decent cost-efficiency.
The Falcon 4010 is a 5U rackmount GPU system that can accommodate up to 8x dual-slot graphics cards. Designed for enterprises, Falcon 4010 supports most latest high-end GPUs on the market, provides sufficient power and cooling for all 8 GPUs running at peak performance, capable of multiple host connections via PCIe cables, and unique GPU drawer design that helps IT personnel to perform maintenance and device replacements much easier than usual.
The Falcon 4005 is a desktop GPU system that can accommodate up to 5x dual-slot graphics card and up to four host connections. Falcon 4015 is designed for office, lab, and studio environments with significant lower noise level at full load.
GPUs are widely used to accelerated various profitable applications and business activities; however, it is difficult to manage massive amount of GPU devices as the systems scale out. H3 Platform addresses GPU resource management challenges with its composable solutions accompanied by the flexibility and the GPU HA capability that help businesses in any size to adapt to the changing environment as well as stay competitive at any time.
H3 Platform Inc. continues to develop PCIe switch-based technology and deliver composable infrastructure solutions that drives HPC innovations with the optimized IT resource planning & management capability.
SHENZHEN, China, Nov. 14, 2020 — Huntkey, a leading provider of power solutions, will be presenting at the Hong Kong Autumn Sourcing Week Digital Show (shorted for "the show" below) from November 16– 27, 2020.
The show is a one-top online sourcing platform for buyers and suppliers to continue explore more business opportunities across various industries. It’s organized by the Hong Kong Trade Development Council (HKTDC), a statutory body established in 1966 as the international marketing dedicated to creating opportunities for Hong Kong’s businesses.
The show is all digital to ensure public health and safety in view of the COVID-19 pandemic. At the show, Huntkey is planning to showcase its main categories of products that include air purifiers, power supplies, power strips, surge protectors, monitors, adapters and led lamps.
Recently Huntkey has released a portable desktop air purifier, and it will be also showcased at the show. The desktop air purifier is incorporated with photocatalyst decomposing systems that can efficiently remove airborne hazards such as particles, smokes, bacteria and viruses. It measures a radius of 108mm and height of 160mm, which is well-suited for small space purification especially on an office desk. For more information, please visit: https://en.huntkey.com/
About Hong Kong Trade Development Council
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 as the international marketing dedicated to creating opportunities for Hong Kong’s businesses. The organisation has 50 offices around the world, including 13 on the Chinese mainland. With more than 50 years of experience, its mission is to explore opportunities for Hong Kong companies, especially small and medium-sized enterprises (SMEs), and connect them with business partners around the world.
About Huntkey
Huntkey Enterprise Group, founded in 1995 and headquartered in Shenzhen, is a member of The International Power Supply Manufacturer’s Association (PSMA) and a member of The China Power Supply Society (CPSS). With branch companies in the USA, Japan and other areas, and cooperating factories in Brazil, Argentina, India and other countries, Huntkey has specialized in the development, design, and manufacturing of PC power supplies, industrial power supplies, surge protectors, adapters and chargers for many years.
SHENZHEN, China, Nov. 13, 2020 — Huntkey, a prominent manufacturer of PC power supply, PC monitor and PC case, recently introduced two models of its small-sized air purifiers – the Desktop Air Purifier and Car Air Purifier to the Vietnam market. They are branded "OUCICA" , a subsidiary of Huntkey specializing in the development of photocatalyst air purifiers.
Photocatalyst is a catalyst able to accelerate chemical reactions without being consumed. When energized by UV light, it can continuously and repeatedly increase the rate of chemical reactions to remove and decompose air pollutants. In the desktop and car air purifiers, the photocatalyst is evenly coated onto substrates to form high-performance filters for removing airborne hazards.
Desktop Air Purifier
The desktop air purifier is egg-shaped and measures a dimension of Φ108*160mm. Its air purification speed is 10m3/h, which is well-suited for a room space around 8-10m3. In this scenario, it will clean the entire air in the room with nearly one hour. It is ideal for being used in small working, studying or reading rooms. It is paired with a USB charger or car charger, meaning it can work well on an office desk, a bedside table or in a car.
To assure the users of healthy breaths, the purifier is integrated with photocatalyst filters inside to eliminate harmful substances in the air such as smokes, dust, odors, haze particles, bacteria and viruses. Thanks to the non-consumable feature of photocatalyst, the photocatalyst filters don’t need to be replaced regularly. This is a key difference from traditional air purifiers inside which filers need to be renewed according to their using conditions.
The desktop air purifier can also work as an ionizer to release negative ions. By this means, it is capable of sedimentating airborne dust, PM2.5 and other particulate matters. Negative ions are molecules that are electrically charged with an extra electron, they exist in the environment or can be created by devices like air purifiers and ionizers. Some evidence suggests that an atmosphere filled with negative ions is better for health and well-being.
Specifications:
Name
Desktop air purifier
Indication type
Light Display
Model
DJ010
Bacterial eliminating rate
99%
Input
5V/2A (Min. 4.6V, Max. 5.5V)
Cleaner type
Photocatalyst decomposition system
8W
Applicable space
8-10m3
Noise
38dB(A) (Low level)
Product dimensions
Φ108mm×160mm
Car Air Purifier
The car air purifier is well-suited for cars. It measures a dimension of Φ67*180mm and it is designed like a water cup that can be easily put in a cup holder. Its air cleaning volume is 3.6m3/h, thus, to clean air in sedans, it will approximately take 1-2 hours.
Usually, the inside of a car is a confined space, and the drivers will inevitably face a high risk of exposure to a variety of airborne infectious agents and allergens, with possible harm to health. To tackle this problem caused by bad air quality, the car air purifier is a good choice. It is also equipped with photocatalyst filters by which almost all the infectious agents will be decomposed into carbon dioxide and water, resulting in no secondary pollution.
The purifier is also paired with an other kind of filter (a preliminary filter) to form a strong purification system. It features two air inlets near the bottom and an ultraviolet lamp in the middle, as well as one air outlet on the top. The polluted air firstly will be pre-filtrated by a preliminary filter to remove particles, and than sterilized by the photocatalyst filters to kill viruses and bacteria, finally fresh air will come out from the outlet.
The photocatalyst filters are firmly built in the purifier, while the preliminary filter is detachable that it is packed independently. One car charger and one USB cable are included in the package. To meet different preferences, three color options – red, golden and gray are available.
Founded in 1995, Huntkey is a leading global provider of PC power supplies, power strips, surge protectors, laptop adapters, phone chargers, monitors and air purifiers. Huntkey is an Asia renowned brand, a member of The International Power Supply Manufacturer’s Association (PSMA) and China Power Supply Society (CPSS). Including three total nearly 1,000,000 square meters industrial parks, Huntkey is one of the most famous brands and largest companies in mainland China. It is headquartered in Shenzhen, with branch companies in the US, Japan and Hong Kong, and with cooperating factories in Vietnam, Brazil, Argentina and India.
Solution was developed in close collaboration with Intel and integrates the latest Intel Server GPU
TOKYO, Nov. 12, 2020 — Ubitus K.K. (hereinafter Ubitus), a cloud gaming technology leader, announces its latest Android cloud gaming solution that is based on the new Intel Server GPU.
In close collaboration with Intel, Ubitus developed its solution to take full advantage of Intel Server GPU through in-depth integration with the Intel cloud rendering software framework. As a result, the solution can achieve a performance of up to 120 Android cloud gaming streams on an Intel Xeon Scalable platform-based server that also includes 2 PCIe cards based on Intel Server GPUs. This is up to two times performance gain compared to Ubitus’ previous solutions. These enhancements will enable higher density and utilization of GPUs, and thus dramatically reduce the TCO (Total Cost of Ownership) for cloud gaming customers. Ubitus’ PC Cloud Gaming services can also run on the same game server, further reducing TCO by eliminating the need for separate and dedicated infrastructure for Cloud gaming services.
"We are proud to be an early and a key strategic partner of Intel for the new Intel Server GPU. This enables us to take full advantage of the GPU capabilities and achieve best in class performance and flexibility. With this solution, we are confident we can make cloud gaming more economically viable and more ubiquitous," quoted Wesley Kuo, CEO of Ubitus K.K.
"Cloud gaming providers need responsive, high performance solutions while keeping infrastructure and operational costs low. With the Android cloud gaming solution from Ubitus based on a combination of Intel Xeon Scalable processors, optimized software and the new Intel Server GPU, providers can deliver high quality gaming experiences with excellent TCO," said Lynn Comp, vice president and general manager of Intel’s Visual Infrastructure Division.
Ubitus plans to offer its cloud gaming solution to telecom operators and game companies who are looking for a turnkey solution with the best performance, TCO, and flexibility considerations.
Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.
About Ubitus
Ubitus operates the world’s best GPU virtualization technology and cloud streaming platform, and is dedicated to providing a superior user experience via its advanced technology. As long as users are connected to a broadband network, they can enjoy AAA gaming experience across various devices, such as smartphones, tablets, game consoles, smart TVs, and personal computers.
With its comprehensive GDK (game development kit), Ubitus provides a fast-to-market onboarding solution to support game companies in Japan and overseas, who are interested in cloud gaming. Ubitus partners with telecom carriers, online service providers and game publishers around the world.
Dimensity 700 caters to growing consumer demand for 5G devices
HSINCHU, Taiwan, Nov. 11, 2020 — MediaTek today unveiled its new Dimensity 700 5G smartphone chipset, a 7nm SoC designed to bring advanced 5G capabilities and experiences to the mass market. The addition of the Dimensity 700 to MediaTek’s Dimensity family of 5G chips gives device makers a full suite of options for 5G smartphone models – from flagship and premium to mid-range and mass market devices – making 5G more accessible for consumers everywhere.
Dimensity 700
"With our expanded Dimensity portfolio we’re bringing the latest 5G capabilities to every smartphone tier so more people can enjoy 5G experiences," said Dr. JC Hsu, Corporate VP and GM of MediaTek’s Wireless Communications Business Unit. "The Dimensity 700 has an impressive mix of 5G connectivity features, advanced camera capabilities like night shot enhancements and multiple voice assistant support, all in a super power-efficient design."
The Dimensity 700 packs advanced connectivity features including 5G Carrier Aggregation (2CC 5G-CA) and 5G dual SIM dual standby (DSDS), giving users access to the fastest speeds and 5G-exclusive Voice over New Radio (VoNR) services from either connection. On the processing power side, the chip integrates two Arm Cortex-A76 big cores in its octa-core CPU and operates at up to 2.2GHz.
Key features of Dimensity 700 include:
MediaTek 5G UltraSave: Delivers advanced power-saving technologies to improve battery life. It includes UltraSave Network Environment Detection, MediaTek 5G UltraSave OTA Content Awareness, Dynamic BWP and Connected Mode DRX. The built-in technology intelligently manages a device’s 5G connection so you can do more and charge your device less often.
Premium 90Hz Display: Brands can design smartphones with crisp, high resolution FullHD+ displays and ultra-fast refresh rates to reduce blur in animations, scrolling and games for the best user experience.
Up to 64MP Cameras & Night Shot Enhancements: Supports 48MP or 64MP main camera sensors with AI-bokeh, AI-color and AI-beauty features. Plus, the integrated hardware-based imaging accelerators enable multi-frame noise reduction so users can capture high quality shots with low noise, even at night.
Multiple Voice Assistant Support: Supports voice assistants from global brands such as Alibaba, Amazon, Baidu, Google and Tencent to give device makers more configuration options.
Dimensity 700 Infographic
The Dimensity 700 continues MediaTek’s legacy of bringing advanced connectivity, multimedia and imaging features to consumers everywhere. MediaTek’s Dimensity 5G family of chips bring smart and fast together to power 5G devices across all tiers, and with the Dimensity 700 5G devices will now be accessible to even more consumers.
For full specifications and further details on MediaTek’s Dimensity 700 series and 5G portfolio visit: https://i.mediatek.com/mediatek-5g
About MediaTek Inc.
MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables 1.5 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile device, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, Voice Assistant Devices (VAD) and wearables. MediaTek empowers and inspires people to expand their horizons and achieve their goals through smart technology, more easily and efficiently than ever before. We work with the brands you love to make great technology accessible to everyone, and it drives everything we do. Visit www.mediatek.com for more information.
MediaTek Press Office:
PR@mediatek.com Kevin Keating, MediaTek +1- 206-321-7295 10188 Telesis Ct #500, San Diego, CA 92121, USA
SHANGHAI, Nov. 10, 2020 — The development of smart manufacturing and industry 4.0 concepts in the manufacturing industry has become a key strategy for companies seeking to improve quality, safety and advance their technology. USI (SSE: 601231), a leading electronics designer and manufacturer in the world, is improving productivity standards and manufacturing quality through the deployment of networked infrastructure, automatic data collection, real-time monitoring and analysis, big data analysis, electronic reports and parameter management.
Auto Material Handling System (From Warehouse to Shop Floor)
In recent years, the manufacturing industry has undergone profound changes. A low-cost business model is no longer competitive enough to meet the rising demands of a transformed industry that has moved up the value chain, nor resist the advent of smart manufacturing. "USI is adopting smart manufacturing to enhance our competitiveness through the digitalization of our production processes including the automation of infrastructure and logistics using robotics and automated guided vehicles," said Jim Cao, General Manager of Greater Shanghai and Smart Manufacturing/SiM BU, USI. "In addition, we are establishing real-time management and control, online quality and parameter management systems, that will assist our engineers in preempting, troubleshooting and analyzing data, in order to achieve a smart manufacturing environment," he continued.
With the increasing complexity of SiP (System-in-Package) technologies and the need to maintain a competitive lead, USI established a flagship smart manufacturing factory at its Zhangjiang, Shanghai facility in 2013. USI’s smart manufacturing division and the R&D Engineering team have co-developed an integrated production facility test and inspection system that enables efficiency and quality in the production process. The implementation of equipment automation has already demonstrated significant positive impacts, and the number of automation programs introduced by USI will continue to increase at a rate of 20% each year.
USI adopts the IIoT (Industrial Internet of Things) concept to establish a smart manufacturing ‘5-star rating’ system (for example; 100% automation, over 80% of production lines adopting lights off manufacturing, less than 30% direct manpower) that combines big data and industry standards. USI has 9 factories in the world, among which is the Zhangjiang Factory in Shanghai that boasts the highest level of automation. USI is planning to transform all its factories into 3-star and 4-star levels by 2023 and upgrade four of its factories into lights out factories (5-star level) by 2025. By that time, all the machinery in the lights out factories will be connected to the internet, and a parameter management system will be established. Achieving complete automation in manufacturing will reduce human error and raise product quality, whilst an automated logistics system will help connect remote sites to enable real-time production monitoring and increase production efficiency.
About USI
USI (SSE: 601231, A constituent of CSI300 Index), Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System in Package) modules. USI provides D (MS)2 product services: Design, Manufacturing, Miniaturization, Industrial software and hardware Solutions, and material procurement, logistics and maintenance Services. With a sales and service network in America, Europe, and Asia; and manufacturing sites in Mainland China, Taiwan, Mexico and Poland, USI offers customer diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, and automotive electronics worldwide. USI is one of subsidiaries of ASE Technology Holding Co., Ltd. which is the leading provider of semiconductor manufacturing services in assembly and test in the world. To learn more, visit www.usiglobal.com and engage with us on LinkedIn and YouTube.
Rebrands Asia Pacific Operations to Fujifilm from April 2021
TOKYO, Nov. 5, 2020 — Fuji Xerox announces that its Asia Pacific operations will change to the Fujifilm brand with the changing of Fuji Xerox Co., Ltd. corporate name to FUJIFILM Business Innovation Corp. on April 2021. This change is brought forth based on the company’s decision to end the Technology Agreement with Xerox Corporation on the agreement’s expiration date, March 31, 2021. The Technology Agreement provides for technology/brand licenses and sales territories applicable to each company.
Fuji Xerox and Xerox Corporation have a history of benefiting from the shared use of technologies each company independently developed. Fuji Xerox has thrived in the speed and level of product development and have been establishing its own technologies for many years. As such, Fuji Xerox is well positioned to continue developing and manufacturing its original products using its own, unique technologies after the expiration of the Technology Agreement with Xerox Corporation.
Fuji Xerox will also provide services and maintenances including managed print services to customers in full performance of current agreements with them, without regard to the expiration of the Technology Agreement with Xerox Corporation.
With affluent know-how accumulated to date and trust earned from customers, Fuji Xerox aims to foster innovation with the other companies in the Fujifilm Group by accelerating the market introduction of solutions and services that build on technologies related to the cloud, artificial intelligence, and the Internet of Things. Additionally, Fuji Xerox will work swiftly to strengthen its document and adjacent businesses as well as to expand into new business areas, and to bring about business innovations by supporting the use and sharing of knowledge that will enable office workers to further increase their productivity and efficiency.
Likewise, on April 1, 2021, the sales departments in Japan and all 31 domestic sales subsidiaries plus Fuji Xerox InterField will integrate as one to establish a new company, FUJIFILM Business Innovation Japan Corp.
The new corporate name represents Fuji Xerox’s commitment as part of the Fujifilm Group – which promotes "Value from Innovation" as its corporate slogan – to expand into a wide range of business areas going forward and to always continue delivering business innovations.
[List of major Asia Pacific affiliates]
Current company name
New company name after April 2021
Fuji Xerox Asia Pacific Pte Ltd
(Regional management of sales affiliates in Asia/Oceania countries and regions)
FUJIFILM Business Innovation Asia Pacific Pte. Ltd.
Fuji Xerox Asia Pacific Pte. Ltd. (Malaysia Operations)
(Sales and services of office equipment in Malaysia)
FUJIFILM Business Innovation Asia Pacific Pte. Ltd. (Malaysia Operations)
Branch of Fuji Xerox Asia Pacific Pte Ltd (Cambodia)
(Sales and services of office equipment in Cambodia)
Branch of FUJIFILM Business Innovation Asia Pacific Pte. Ltd. (Cambodia)
Fuji Xerox Singapore Pte Ltd
(Sales and services of office equipment in Singapore)
FUJIFILM Business Innovation Singapore Pte. Ltd.
Fuji Xerox Australia Pty. Limited
(Sales and services of office equipment in Australia)
FUJIFILM Business Innovation Australia Pty Ltd.
Fuji Xerox New Zealand Limited
(Sales and services of office equipment in New Zealand)
FUJIFILM Business Innovation New Zealand Limited
Fuji Xerox (China) Limited
(Sales and services of office equipment in China)
FUJIFILM Business Innovation (China) Corp.
Fuji Xerox Taiwan Corporation
(Sales and services of office equipment in Taiwan)
FUJIFILM Business Innovation Taiwan Co., Ltd.
Fuji Xerox Korea Company Limited
(Sales and services of office equipment in Korea)
FUJIFILM Business Innovation Korea Co., Ltd
Fuji Xerox (Thailand) Co., Ltd.
(Sales and services of office equipment in Thailand)
FUJIFILM Business Innovation (Thailand) Co., Ltd.
Fuji Xerox Philippines Inc.
(Sales and services of office equipment in the Philippines)
FUJIFILM Business Innovation Philippines Corp.
Note: Due to the registration processes of respective countries, the exact date as to when the new names will go in effect may vary per affiliate.
About Fuji Xerox
Founded in 1962, Fuji Xerox Co., Ltd. is a leading company in offering smarter ways to work with its document-related solutions and services, as well as with the world-class office multifunction devices, printers and production printers that we develop and manufacture for worldwide distribution.
Fuji Xerox is a wholly owned subsidiary of FUJIFILM Holdings Corporation with direct sales force covering Japan and the Asia-Pacific region including China. As a U.S. 10 billion dollar enterprise, we employ approximately 40,000 people globally, with more than 80 domestic and overseas affiliates / sales subsidiaries. On April 1, 2021, Fuji Xerox will change its corporate name to FUJIFILM Business Innovation Corp.
Fuji Xerox Asia Pacific is the subsidiary of Fuji Xerox overseeing sales operations in the Asia-Pacific region.
Xerox, Xerox and Design, as well as Fuji Xerox and Design are registered trademarks or trademarks of Xerox Corporation in Japan and/or other countries.
A high-performance solution integrating the Livox Horizon laser scanner
MONTPELLIER, France, Oct. 28, 2020 — YellowScan, a global leader in UAV LiDAR solution, today launches its updated Mapper product offer. The YellowScan Mapper sets a new standard for LiDAR scanning by integrating Livox’s Horizon laser scanner into a solution benefiting from YellowScan’s years of experience. The disruptive pricing and high performance of the Horizon scanner allows YellowScan to offer an integrated solution that lives up to its high standard of technical capabilities and customer support, at a price point affordable to a larger base of professional users.
Drone M300
Unlike other YellowScan solutions, the YellowScan Mapper is a purely a aerial LiDAR solution that is ideally flown at 70m above ground level. It is designed to fit all DJI professional drones (M200, M210, M300, M600) and comes with an integrated camera module. YellowScan Mapper is ideal for general topography projects and is particularly suited for archaeology, forestry and post-disaster missions. The YellowScan Mapper seamlessly integrates with existing YellowScan’s software solutions, LiveStation and CloudStation, making it easy to remotely check data while the system is flying, and comprehensively post-process, visualize and export survey data.
"We wanted to upgrade our Mapper product by applying the learning and experience we gathered over the years. The Livox Horizon scanner showed impressive performance, and allowed us to offer a quality system at a price that makes it more accessible to a wider user base. Whether you purchase the Mapper or any of our other solutions, you will get the same level of training and support that YellowScan has come to be known for around the world", stated Tristan Allouis, YellowScan’s CTO.
YellowScan will be holding a Demo Day on November 26, 2020 and January 20, 2021. Register on our site to learn more about the YellowScan Mapper and the rest of our hardware and software offerings.
About YellowScan
At YellowScan we design, develop, and build our UAV LiDAR solutions to exceed the expectations of professionals requiring performance, robustness and accuracy. Our complete range of hardware and software solutions are compact, easy-to-use data collection tools, that come with an unparalleled level of training and support from our experts.
Founded in 2012, YellowScan has customers around the world that use its technology for surveying, forestry, environmental research, archaeology, industrial inspection, civil engineering and mining sectors. YellowScan is headquartered in France, with offices in the United States and Japan, along with sales and support teams around the globe.
HONG KONG, Oct. 27, 2020 — Chayora Limited, an international infrastructure investor, developer and operator of hyperscale data centre campuses in China, today was confirmed by the Open Compute Project Foundation (OCP) to be the first data centre facility having achieved OCP Ready™ certification in China.
Chayora’s TJ1 Data Centre, located in Tianjin, China to serve the Greater Beijing region, is confirmed as the first OCP READY™ facility in China.
This data centre, located to serve the Greater Beijing region in Tianjin, China, is the first data centre in China to receive this OCP certification and demonstrates the exceptional build and international standards of operation, designed to suit the explosive demand for processing in the China market.
Chayora’s TJ1 facility has exceeded the guidelines created by the OCP Data Centre Facility Project Team and serves as a reference for data centre operators and tenants who want to understand the fundamental facility requirements to deploy OCP hardware into their IT space. Facilities that meet the OCP READY™ requirements and approved by the OCP Data Center Facilities Project receive the certification as an OCP Ready™ facility.
Chayora’s data centre is one of a kind, scaleable from retail colocation to hyperscale and up to 25,000 racks with more than 300 MVA gross power available. Offering ultra-low latency data transmission to Beijing’s Central Business District at <2ms per round trip, all data halls are designed to accommodate the high demand for smaller scale data storage requirements, including high density requirements with 30kVA/rack at a leading edge power usage effectiveness (PUE) of ≤1.2. Cloud and carrier neutral, with guaranteed performance availability of the equipment infrastructure including redundant and dual-powered servers, storage, network links and other IT components and with China-leading security standards featuring six security zones and nine security layers, this facility really is leading the way.
"We could not be more delighted to join the OCP community and share our unique perspectives on opening such a magnificent facility in China. As the first OCP READY™ facility in China, this certification confirms the absolute attention to world class design and build standards. We are holding our official launch event on October 29th and would be delighted for any OCP members to join us and view a virtual fly-through of our incredible facility," said Jonathan Berney, COO of Chayora.
"As the momentum for open hardware designs continues to grow in north Asia, having data centers that are optimised for OCP designs becomes increasingly important. Having Chayora as our first OCP READY™ data center in China ensures those enterprises deploying OCP solutions that they will have a strong data center operator who understands open hardware and is committed to openness, scale and efficiency" stated Steve Helvie, Vice President of Channel Development for the Open Compute Project Foundation.
"An OCP READY™ data center has been through a thorough peer review process and achieved recognition for implementing the industry’s best practices for efficiency and scale. These facilities provide cost and efficiency-optimized operation now and well into the future" stated Mark Dansie, a key member of the OCP DC Facilities Project Team and leader of the OCP READY™ program
Chayora’s OCP Ready™ facility is now listed on the OCP Marketplace.
About the Open Compute Project Foundation
The Open Compute Project Foundation (OCP) was initiated in 2011 with a mission to apply the benefits of open source and open collaboration to hardware and rapidly increase the pace of innovation in, near and around the data center’s networking equipment, general purpose and GPU servers, storage devices and appliances, and scalable rack designs. OCP’s collaboration model is being applied beyond the data center, helping to advance the telecom industry & EDGE infrastructure.
About Chayora Chayora Limited, headquartered in Hong Kong, is wholly-owned by Chayora Holdings Limited, a Cayman Island-based company. Chayora develops hyperscale, world-class designed and operated, scalable data centres and data centre campuses in China. Chayora serves global Fortune 500 companies and premium Chinese data centre operators offering cloud services, ICT services, financial services, wholesale colocation or other services offerings dependent on intensive, high quality data centre infrastructure in China.
Net Sales of $371 million declined by 20% including an Organic Sales1 decline of 7%
Active Safety Net Sales of $170 million declined by 5% including an Organic Sales decline of 9%
Operating Cash flow was positive $1 million, which includes positive timing effects in the quarter
Outlook
Net Sales are expected to return to organic growth during Q4’20 and outperform the global LVP during H2’20
Currency translation, net is expected to be slightly positive for FY’20
RD&E, net is expected to improve by more than $100 million from 2019 (on a comparable basis)
Operating loss is expected to improve from 2019 levels (on a comparable basis), and Cash flow before financing activities1 is now expected to be better than $(170) million for H2’20
Business Highlights
Cash flow before financing activities tracking better than our previous expectations for FY’20
Veoneer and Qualcomm Technologies, Inc. announced their intent to collaborate on the delivery of ADAS, Collaborative and AD solutions powered by Veoneer’s next-generation perception and driving policy software stack and the Qualcomm® Snapdragon Ride™ ADAS/AD scalable portfolio of System on Chip (SoC), and Accelerators
Completed the divestiture of the VBS-US operations to ZF Friedrichshafen AG
Market Adjustment Initiatives (MAI) program continues to contribute to the improved operating loss and cash flow performance
Order intake is approximately $600 million during the LTM, where Active Safety is approximately two thirds of the LTM order intake
Comments from Jan Carlson, Chairman, President and CEO
Health and safety continue to be our first priorities and we are closely monitoring the development of the COVID-19 pandemic, which unfortunately shows signs of becoming more severe again, and we are staying ready to take the necessary safety precautions and business actions.
Vehicle production accelerated through the quarter, leading to a rapid increase in demand in the entire automotive supply chain, in a time when we are still fighting the effects of the global COVID-19 pandemic. In this challenging environment we executed a record number of activities including: successful vehicle launches, continued market adjustment initiatives, signing of a letter of intent with Qualcomm, finalizing the split of Zenuity and the divestment of our brake business. To summarize our underlying performance improved in almost all metrics. I am pleased with Veoneer’s operational performance in the third quarter and I would like to thank the entire Veoneer team for their focus, dedication and discipline during this highly unusual year.
Cash flow was particularly strong in the quarter and while it included certain timing effects it allows us to expect a better 2020 full year cash flow before financing than previously expected. Our market adjustment initiatives also continue to deliver the targeted improvements, we are establishing new levels of run- rate for cash flow and capital expenditures and continue to drive improvements in RD&E efficiency.
Our daily execution is the foundation that will allow our plans to materialize, and I am pleased that we are managing key launches well including the flagship Mercedes S-Class, the Subaru Levorg and the Volvo XC40 Electric. We are on track for additional fourth quarter and early 2021 launches. This development is fundamental to achieving our stated target to return to organic growth towards the later part of 2020. The selection by EuroNCAP of the Mercedes GLE as the best vehicle in its 2020 test for assisted driving, where most of the active safety content comes from Veoneer is another recent important technology proof-point.
The Qualcomm collaboration is important to Veoneer for multiple reasons. Technologically, it strengthens our capability to provide a full scalable system for the next generation ADAS and later autonomous driving. The combination of Veoneer’s software for perception and drive policy and Qualcomm’s powerful and energy efficient System On a Chip (SoC) will bring a competitive offer to the market for vehicle launches in 2024 and beyond. Commercially, the go-to-market strategy led by Qualcomm will allow for broader access to the market. We are well on track to finalize the initial agreement during the fourth quarter.
Our focus areas first outlined at the beginning of 2020 remain: successful customer launches in 2020 and heading into 2021, market adjustment initiatives to continue to drive efficiencies and improve cash flow, and continuing to win profitable new business.
An earnings conference call will be held today, Friday, October 23, 2020 at 15:00 CET. To follow the webcast or to obtain the phone number/pin code, please see www.veoneer.com. The slide deck will be available on our website prior to the earnings conference call. 1 For all Non-U.S. GAAP financial measures, see the reconciliation tables in this earnings release, including the Non-U.S. GAAP Financial Measures section and further discussion of the forward-looking Non-U.S. GAAP financial measures on page 11.
This report is information that Veoneer, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the EVP Communications and IR set out above, at 12:00 CET on Friday, October 23, 2020.
