Tag Archives: ITE

PR Newswire

Skillful Craftsman Announces Financial Results for The First Six Months of Fiscal Year 2022

Leave a comment

Continues to Accelerate the Deployment of New Business Strategy and Empower Training Platform with Integrated Metaverse-based Technologies

WUXI, China, Dec. 4, 2021 — Skillful Craftsman Education Technology Ltd. ("the Company") (NASDAQ: EDTK), an education technology company providing interactive online learning services, today announced its financial results for the first six months of fiscal year 2022 ended September 30, 2021.

First Six Months of Fiscal Year 2022 Financial and Operational Highlights

All financial figures are in US Dollars unless otherwise noted.

  • Revenue was $11.9 million, compared with $15.3 million for the same period of last year, representing a 23% decrease, primarily due to a decrease in the number of total fee-paying members resulting from the decline in training needs of workers from rural area as the urbanization continued.
  • Gross profit was $3.6 million, compared with $8.5 million for the same period of last year, representing a 58% decrease. The decrease was mainly due to the combined effect of the decrease in revenue and an increase in cost of revenue as the Company incurred increased fees in courseware, software copyrights and virtual simulation in connection with its efforts to shift target customers to students at vocational schools.
  • Gross profit margin was 30%, compared with 55% for the same period of last year. The main reason was the cost spent in platform upgrade and courses enrichment did not result in the expansion of customer base to the extent expected.
  • Net loss was $43.3 thousand, compared with net income of $4.4 million for the same period of last year. The decrease was due to the decrease in revenue, an increase in the cost of revenue and an increase in general and administrative expenses.
  • Basic and diluted earnings per share were $0.00, compared with $0.44 for the same period of last year.
  • Total fee-paying members(1) was 1.1 million, compared with 3.3 million during the same period of last year, representing a 68% decrease. The decrease was primarily due to the combined effect of (i) the shrinking training needs of workers from rural area as a result of the development of urbanization, and (ii) unsatisfactory acquisition of new customers among students at vocational schools, who nowadays tend to be more interested in mobile live streaming and short video training courses than the personal computer courses offered by the Company.

(1) Number of fee-paying members is defined as the total number of members that are paying fees for accessing our platforms as of the end of the applicable period.

Mr. Xiaofeng Gao, Chairman and CEO of Skillful Craftsman Education Technology Ltd., commented, "To seize the market opportunities, we have accelerated the deployment of new business strategy and new technology since the first half year of 2021. With respect to business development, the Company is leveraging online cloud technology service and flexible employment service platform, to cooperate with schools and institutions to provide them with high quality vocational training. It has already landed in the two major fields of Chinese medicine basic education and hotel management. With respect to technology enhancement, the Company will integrate metaverse technology with big data, cloud technology and traditional Augmented Reality (AR) simulation teaching capabilities. Through co-constructing metaverse vocational labs with universities and ecological chain companies, the Company plans to launch multi-persons collaborative simulation skills training platform based on metaverse. We remain optimistic about the vocational education industry based on the Opinions on Promoting the High-quality Development of Modern Vocational Education (the "Opinions") issued by the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council. The Opinions encourage companies to participate in and support the development of vocational education, which provides clear directions and positive incentives for the Company’s future development. We believe our brand, strategic development and the supporting policy will position us well for the future and we are confident in creating long-term value and returns for our shareholders."

First Six Months of Fiscal Year 2022 Financial Results

All figures refer to the first six months of fiscal year 2022 ended September 30, 2021 unless otherwise stated

Revenue

Revenue decreased by 23% to $11.9 million, from $15.3 million for the same period of last year, primarily due to a decrease in the number of total fee-paying members resulting from the decline in training needs of workers from rural area as the urbanization continued.

Cost of Revenue

Cost of revenue increased by 21% to $8.3 million, from $6.8 million for the same period of last year. The increase of cost of revenue was mainly caused by the increase of $0.8 million amortization of the newly purchased courseware and software copyrights, and the increase of virtual simulation fee by $0.6 million, both related to the Company’s efforts to shift target customers to students at vocational schools.

Gross Profit and Gross Margin

Gross profit decreased by 58% to $3.6 million, from $8.5 million for the same period of last year. The decrease was mainly due to the combined effect of increased cost of revenue in courseware, software copyrights and virtual simulation fees and decrease in revenue.

Gross margin decreased by 25 percentage points to 30%, from 55% for the same period of last year. The main reason was the cost spent in platform upgrade and courses enrichment did not result in the expansion of customer base to the extent expected.

Operating Expenses

Operating expenses increased by 27% to $3.0 million, from $2.4 million for the same period of last year.

Sales and marketing expenses decreased by 18% to $0.7 million, from $0.9 million for the same period of last year. The decrease was mainly due to the decreases in both of the promotion expenses and telecommunications service fees.

General and administrative expenses increased by 53% to $2.3 million, from $1.5 million for the same period of last year. The increase was primarily caused by the increased compensation paid to employees, audit fees, the insurance fee and consulting fees for the period ended September 30, 2021.

Income Before Tax

Income before tax expense decreased by 90% to $0.6 million, from $6.1 million for the same period of last year.

Net (loss)/Income

Net loss was $43.3 thousand, compared with net income of $4.4 million for the same period of last year.

Basic and diluted earnings per share were $0.00, compared with $0.44 for the same period of last year.

Cash and Cash Equivalents

As of September 30, 2021, the Company had cash and cash equivalents of $23.7 million, compared with $17.5 million as of March 31, 2021.

Cash Flow

Net cash generated from operating activities was $1.8 million, compared with $6.6 million for the same period of last year.

Net cash provided by investing activities was $4.4 million, compared with net cash used in investing activities $14.2 million for the same period of last year.

Net cash generated from financing activities was nil, compared with $13.24 million for the same period of last year.

About Skillful Craftsman

Skillful Craftsman is an education technology company that provides interactive online vocational training and virtual simulation experimental training courses. The Company began operations in Wuxi, China in 2013 and is a key supporter for China education reform and development for labor employment. For more information, please visit: ir.kingwayup.com

Safe Harbor Statement

This report contains "forward-looking statements" for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that represent our beliefs, projections and predictions about future events. All statements other than statements of historical fact are "forward-looking statements," including any projections of earnings, revenue or other financial items, any statements of the plans, strategies and objectives of management for future operations, any statements concerning proposed new projects or other developments, any statements regarding future economic conditions or performance, any statements of management’s beliefs, goals, strategies, intentions and objectives, and any statements of assumptions underlying any of the foregoing. Words such as "may", "will", "should", "could", "would", "predicts", "potential", "continue", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar expressions, as well as statements in the future tense, identify forward-looking statements.

Forward-looking statements are based on information available at the time those statements are made and management’s belief as of that time with respect to future events. These statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any future results, performance or achievements described in or implied by such statements. Such risks, uncertainties, and other factors include, but are not limited to, our ability to improve launch and leverage new technologies and cooperative relationships or anticipate market demand in a timely or cost-effective manner, and those factors discussed under the headings "Risk Factors", "Operating and Financial Review and Prospects," and elsewhere in our Annual Report on Form 20-F. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of whether, or the times by which, our performance or results may be achieved. Actual results may differ materially from expected results described in our forward-looking statements, including with respect to correct measurement and identification of factors affecting our business or the extent of their likely impact, and the accuracy and completeness of the publicly available information with respect to the factors upon which our business strategy is based or the success of our business. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

For investor and media enquiries, please contact:

Skillful Craftsman
Investor Relations Department
Email: iredtk@kingwayedu.cn

Ascent Investor Relations LLC
Tina Xiao
Tel: +1 917-609-0333
Email: tina.xiao@ascent-ir.com

 

 

 

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED

CONSOLIDATED BALANCE SHEETS

(Amounts in US$, except for number of shares)

As of

September 30,
2021

March 31,
2021

(Unaudited)

(Audited)

ASSETS

Current assets

Cash and cash equivalents

$

23,712,359

$

17,453,360

Accounts receivable, net

50,246

83,980

Prepayments

2,903,533

1,784,537

Other receivables

186,325

5,713,192

Total current assets

26,852,463

25,035,069

Non-current assets

Long-term investment

306,498

–

Property and equipment, net

12,462,098

13,725,957

Intangible assets, net

17,144,418

20,416,461

Goodwill

4,581,112

–

Long-term prepayments and other non-current assets

–

28,406

Total non-current assets

34,494,126

34,170,824

TOTAL ASSETS

$

61,346,589

$

59,205,893

LIABILITIES

Current liabilities

Accounts payable

$

122,119

$

113,707

Taxes payable

292,532

448,485

Amounts due to a related party

5,764

257,037

Accrued expenses

920,665

1,051,929

Deferred tax liabilities

43,234

–

Deferred revenue-current

9,270,561

11,456,667

Total current liabilities

10,654,875

13,327,825

Non-current liabilities

Deferred revenue-noncurrent

–

312,896

Total non-current liabilities

–

312,896

TOTAL LIABILITIES

$

10,654,875

$

13,640,721

COMMITMENTS AND CONTINGENCIES

–

–

SHAREHOLDERS’ EQUITY

    Ordinary shares, par value $0.0002 per share, 500,000,000

 

2,980

 

 

2,400

 

shares authorized; 14,900,000 and 12,000,000 shares issued

and outstanding as of 30 September, 2021 and 31 March,

2021, respectively

Additional paid-in capital

18,055,407

13,415,987

Statutory reserve

746,323

745,590

Accumulated profits

30,375,080

30,419,177

Accumulated other comprehensive income

1,511,924

982,018

TOTAL SHAREHOLDERS’ EQUITY

50,691,714

45,565,172

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

61,346,589

$

59,205,893

 

 

 

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

 (Amounts in US$, except for number of shares)

For the six months ended

September 30,

2021

2020

(Unaudited)

(Unaudited)

Revenue

$

11,851,792

$

15,313,780

Cost of revenue

(8,255,007)

(6,826,879)

Gross income

3,596,785

8,486,901

Operating expenses:

Selling and marketing expenses

(720,191)

(879,812)

General and administrative expenses

(2,293,011)

(1,499,774)

Total operating expenses

(3,013,202)

(2,379,586)

Income from operations

583,583

6,107,315

Interest income

31,237

30,292

Investment loss

(1,897)

–

Government grant

493

–

Foreign currency exchange loss

(48,819)

–

Loss on disposals of equipment

(54,147)

–

Other expenses, net

(2,147)

(909)

Income before income taxes

508,303

6,136,698

Income tax expense

(551,667)

(1,744,005)

Net (loss)/income

$

(43,364)

$

4,392,693

Other comprehensive income/(loss):

Foreign currency translation adjustment

529,906

1,246,805

Total comprehensive income

486,542

5,639,498

Net earnings per ordinary share, basic and diluted

$

0.00

$

0.44

Weighted average number of ordinary shares, basic and
diluted

12,475,410

10,000,000

 

 

 

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Amounts in US$)

For the six months ended September 30,

2021

2020

Cash Flows from Operating Activities

Net (loss)/income

$

(43,364)

$

4,392,693

Adjustments to reconcile net profit to net cash provided

by operating activities:

Depreciation of property and equipment

2,051,081

1,657,961

Amortization of intangible assets

3,948,391

3,157,605

Loss from equity-method investment

1,897

–

Loss on disposals of equipment

54,147

–

Changes in operating assets and liabilities:

Accounts receivables, net

33,734

(24,284)

Prepayments and other current assets

(1,118,873)

(602,972)

Other receivables

(19,296)

–

Long-term prepayments and other non-current assets

28,406

28,509

Accounts payable

8,412

(149,822)

Amounts due to a related party

(251,273)

509,012

Deferred revenue

(2,552,387)

(2,939,360)

Accrued expenses

(220,164)

768,911

Taxes payable

(154,248)

(213,411)

Deferred tax liabilities

(730)

–

Net cash generated from operating activities

1,765,733

6,584,842

Cash flows from investing activities

Purchase of property and equipment

(653,189)

(3,988,249)

Purchase of intangible assets

(209,469)

(2,254,100)

Proceed from redemption of financial assets held for

5,563,191

–

trading

Investment in private held company

(308,385)

–

Purchase of Jisen Information, net of cash acquired

50,229

–

Proceed from disposal of equipment

4,650

–

Purchases of other investments

–

(8,000,000)

Net cash generated from/(used in) investing activities

$

4,447,027

$

(14,242,349)

Cash flows from financing activities

Proceeds from IPO net off IPO expenses

–

13,243,554

Net cash generated from financing activities

$

–

$

13,243,554

Effects of foreign currency translation

46,239

(67,122)

Net increase in cash and cash equivalents

6,258,999

5,518,925

Cash and cash equivalents at beginning of period

17,453,360

11,931,714

Cash and cash equivalents at end of period

$

23,712,359

$

17,450,639

Supplemental disclosures of cash flow information

Cash paid for income taxes

$

687,877

$

1,974,038

Non cash transactions

Ordinary shares issued for Jisen Information acquisition

$

4,640,000

$

–

 

PR Newswire

BEYOND Expo Macao opens today with these highlights not to be missed!

Leave a comment

BEIJING, Dec. 3, 2021 — The BEYOND International Technology Innovation Expo (BEYOND Expo) hosted by the Macao Technology General Association was opened at The Venetian Macao on December 2nd. As a partner, the Trade Development Bureau of the Ministry of Commerce (TDB)  organized mainland enterprises to participate in the expo. Genertec China P&T Appliances supports TDB to organize.

According to sources, TDB Zone is 800 square meters and consists of 41 enterprise exhibitors. The scope of exhibits covers smart terminals, smart solutions, game electronics, mobile phones and peripheral electronic products, emergency communication equipment, smart robots, etc. Dozens of splendid concurrent events and forum activities such as the opening ceremony, welcome dinner, future travel, financial innovation, etc. are also held during the exhibition, attracting many well-known industry experts domestically and abroad to attend the forums and deliver keynote speeches. At the same time, the conference offers an exchange and communication platform for enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area through multiple online and offline channels to promote technological innovation and integrated development.

Highlight 1: Pragmatism – focusing on the Guangdong-Hong Kong-Macao Greater Bay Area, highlighting the "Belt and Road" initiative, and promoting international and domestic dual circulation

TDB Zone is the first "information technology" trade exchange event hosted by the Ministry of Commerce in Macao. Exhibitors are mainly technological innovation enterprises with import and export trade businesses in the Mainland and the Guangdong-Hong Kong-Macao Greater Bay Area. To further help enterprises develop the merchant resources in countries along the "Belt and Road", the organizer has invited representatives of their foreign institutions in China and trade associations of relevant countries to participate in the event, and also invited foreign guests to interact through online live broadcast. In addition, "Brands Going Global Along Belt and Road" exchange & matchmaking meetings of electronics and information technology business procurement took place during the exhibition. A total of more than 150 domestic and foreign professional buyers were invited to attend to conduct business matchmaking with exhibitors through on-site communications.

In this regard, the person in charge of organizing said: "It is China’s national policy to promote the Belt and Road Initiative and the dual circulation of domestic and foreign countries. The Ministry of Commerce hopes to establish a dual-circulation pattern domestically and abroad that is based in Guangdong, Hong Kong and Macao and to help domestic and foreign distributors, purchasers and end users to have in-depth contact with one another, taking advantage of the geographic advantage of Macao, expanding the regional market, penetrating into the science and technology industries of Guangdong, Hong Kong and Macao, and exploring the strength of new innovations in development. "

Highlight 2: Small and medium-sized enterprises – "professional, specialized, exceptional and innovative" to support the power of export

The exhibitors in TDB Zone are mainly small and medium-sized enterprises, all from cities where technological innovation is prevalent, such as Beijing, Shenzhen, Hangzhou, Chengdu, Shanghai and other regions. Although these enterprises are still quite young, the teams are strong and have made great contributions to the expanding to the overseas markets. According to the organizer, most of the participating companies have independent R&D laboratories, employ a large number of top scholars, and own scientific research projects that have won a number of domestic and foreign science and technology awards. Among them there are many black technology companies such as Babel Technology, Prudent Energy Inc., Pachira and so on.

"As the organizer of the event, we feel very optimistic because of this event. Although the exhibition has been postponed twice due to the pandemic, this has not affected the enthusiasm of the companies to prepare for the exhibition. As a matter of fact, all companies put a lot of efforts into the event, from preparing products to the exhibition arrangement – everything was carefully selected with a lot of thoughts, trying to show the best to audiences in Guangdong, Hong Kong, and Macao as well as overseas. This also implies everyone’s confidence in China to create a dual circulation." The staff said.

Highlight 3: 5G+AI – technological innovation brings infinite possibilities

The exhibitions are of a wide variety, ranging from invisible smart solutions to tangible field robots, from network security to emergency communication equipment, from chips to smart home appliances, covering every aspect of current relevant technology. 

Infervision is an artificial intelligence medical technology company. The "screening, diagnosis, treatment, management, and research" medical full-process intelligent solutions displayed at the exhibition cover lungs, cardiovascular and cerebrovascular, breast, bone and joints and other parts and organs. It is also the world’s first and only AI medical technology company to obtain regulatory approvals in China, the United States, the European Union, and Japan.

"There are many companies in the exhibition that are actively expanding in overseas markets like Infervision," a staff said. "Facing the normalization of life with pandemic management, companies will also further adjust the way they go overseas to acquire customers. We believe in the advantages of Macao as a SAR and its beneficial policies that will create more room for development in this regard. I encourage and welcome everyone to follow the development of Macao."

The International Technology Innovation Expo (BEYOND EXPO) TDB Zone will be held at Venetian Macao Convention and Exhibition Centre on December 2nd -4th. We look forward to meeting friends who are interested in the information technology industry for on-sight exchanges and interactions.

About PTAC EXPO:

PTAC EXPO is a subsidiary of China National Postal & Telecommunications Appliances Co., Ltd. (PTAC) and is a reputable full-ecological service provider in the field of information and communication technology in China. PTAC EXPO is the official organizer of the PT Expo China (PTEXPO), a well-known ICT industry event in China and in the Asia-Pacific region. In addition, PTAC EXPO is also an official partner of many well-known exhibitions and industry organizations domestically and abroad, and has been involved in organizing domestic enterprises to participate in well-known ICT activities domestically and abroad for years.

PR Newswire

Huawei Calls for Accelerated Green ICT Growth at Telecom Digital Power Summit APAC 2021

Leave a comment

BANGKOK, Dec. 1, 2021 — Huawei Digital Power hosted the Telecom Digital Power Summit APAC 2021 online on November 26, welcoming over 600 viewers from 23 countries. Here, industry and business leaders shared their insights and experiences on carbon neutrality in telecommunication networks and data center facilities.


”Carbon neutrality has become a global consensus and mission. I believe it will be one of the biggest changes in the upcoming 30-40 years. It will not only revolutionize power production and consumption, but also bring opportunities to upgrade all industries as well as rethink our economy and society.” — said Dr. Fang Lianzhou, VP and CMO of Huawei Digital Power.

Carbon neutrality is a growing trend in the global fight against climate change. Huawei Telecom Digital Power Summit APAC 2021 provided a virtual platform to exchange experiences in reducing both carbon emissions and OPEX, helping partners and customers digitalize their energy and go carbon neutral.

The global ICT industry consumed over 570 billion kWh of electricity in 2020 and the figure is expected to reach 1.85 trillion kWh in 2030. In addition, data center facilities and telecommunication networks were responsible for 160 million tons and 146 million tons of carbon emissions in 2020, respectively. It is therefore undeniable that the ICT industry will need to play a major role in reaching carbon neutrality targets.

The Summit looked at the foundation of building green telecommunication networks and data center facilities. Speakers shared their insights, tips, and best practices. Plus, viewers from around the world glimpsed the latest green energy facilities for telecommunication networks and data centers, global best practices, and innovative solutions for new building facilities and modernization.

Ms. Yoly Crisanto, CSO of Globe Telecom — one of the largest and most advanced telecommunication operators in Asia Pacific, shared her experience in 5G deployment and site digitalization. Globe works to actively contribute to 10 out of 17 UN Sustainable Development Goals. This includes several carbon emissions management strategies, such as deploying over 7400 green solutions across the network and modifying 13 key building facilities in the Philippines to run on clean energy. Ms. Crisanto also explained that Globe is significantly reducing its carbon emissions through green energy transformation. Globe Telecom has set a remarkable example for telecommunication operators worldwide, aiming to reduce carbon emissions by 57% or 0.57 million tons by 2030.

Sanjay Kr Sainani, Global SVP & CTO of Huawei Digital Power highlighted key technologies for reduced Carbon Footprint in Data Centers. He said:  "Prefabricated & Modular Construction allow use of recyclable materials, reduced consumption & wastage and shortens time to deploy Data Center Facilities. Huawei has pioneered high efficiency converged power & cooling systems, embedded IoT, AI enabled O&M technologies that have been successfully implemented in Data Centers from China to Ireland to help reduce Data Center life-cycle Carbon footprint"

After the keynote sessions, the audience took a virtual tour of the Huawei Digital Power Innovation Experience Center, learning about the latest digital power solutions as well as the next-generation data center and telecommunication sites in Dongguan and Hangzhou.

The half-day summit brought global audiences together with industry and business leaders. Participants explored innovative solutions in the power industry along with case studies that have adopted leading power technologies in the ICT industry.

Carbon neutrality cannot be achieved if we work alone. Collective efforts are necessary. The impressive turnout at this summit has highlighted global interest in green energy. In response to market demand and increasing push toward clean energy, Huawei will continue to work with customers and partners to integrate and innovate power electronics, energy storage, cloud, and digital technologies to build a better, greener, and smarter world.

Related Links :

http://www.huawei.com/cn

PR Newswire

HTC Global Services reveals new brand identity uniting CareTech and Ciber under one brand

Leave a comment

TROY, Mich. and CHENNAI, India, Dec. 1, 2021 — HTC Global Services today announced that its companies, including CareTech Solutions and Ciber Inc., are uniting under one name and one brand – HTC Global Services. As part of this effort, the company has adopted a new identity that embodies its renewed ambitions and aspirations. It reflects both the transformation journey and the transformative impact it has for its customers, employees, and stakeholders, now and beyond.

HTC acquired CareTech Solutions, a Healthcare technology leader in North America, in 2014, and Ciber Inc., a global IT consulting services and outsourcing company, in 2017. These acquisitions strengthened and widened HTC’s expertise in emerging technologies, its ability to deliver exceptional customer service with a comprehensive set of services and solutions, and to fulfil its strategic growth objectives across industry verticals.

"At the heart of our decision to unify under a single brand is – as it always has been – our customer and our intention to simplify their experience. We have always championed the power of our three brands, and now we want to communicate our total value in a more compelling way. We will continue to develop and leverage our broad expertise in the many areas our business operates, as well as the specializations we offer," said Madhava Reddy, Founder and CEO, HTC Global Services.

HTC’s new Vision – "Reimagining a better shared world" and its new Mission – "Bring human expertise to tech in order to deliver purposeful solutions that amplify value" is a testament to HTC’s commitment to empower its customers, people, and partners in the era driven by digital transformation as encapsulated by its new motto, and tagline – Let’s make digital change happen.

Commenting on the new brand identity Nitesh Bansal, President, HTC Global Services said, "We are re-energizing our business. By becoming one business and one brand, we are further strengthening the essential focus that we have always had on our customers and sharpening our offerings to better serve their needs of the future. It means that we can extend and deepen our relationships and our human connections. This is what makes us truly unique."

About HTC Global Services

HTC Global Services is a leading global provider of innovative IT and Business Process Services and Solutions. Established in 1990 with headquarters in Troy, Michigan, USA, HTC combines its extensive technical and domain expertise along with its business partner approach to enable clients to realize business transformation and maximize business returns. For more information visit www.htcinc.com

Media Contact: Media.Relations@htcinc.com

PR Newswire

Fibocom Joins OnGo Alliance to Speed Commercial Adoption of CBRS Solutions

Leave a comment

Fibocom becomes the newest member of the OnGo Alliance to advance innovative CBRS commercialization, allowing fast, reliable and secure connectivity for remote education, remote work, IIoT and more.

SHENZHEN, China, Nov. 29, 2021 — Fibocom (Stock Code: 300638), a global leading provider of IoT (Internet of Things) wireless solutions and wireless communication modules, announces that it has joined the OnGo™ Alliance, an industry organization dedicated to supporting the adoption of LTE solutions for the 3.5 GHz Citizens Broadband Radio Service (CBRS).

OnGo Alliance membership covers the entire network ecosystem, including operators, service providers, equipment manufacturers, software developers and more. As a member, Fibocom positions itself as an enabler that brings wireless communication technology to addresses the sophisticated needs of a number of IoT scenarios, such as remote education, remote work, IIoT, etc.

"I am delighted to have Fibocom joining the OnGo Alliance," said Alan Ewing, OnGo Alliance Executive Director. "Fibocom will bring its technical expertise and experience to help deepen the adoption of CBRS in the market as well as add to the number of IoT deployments and use cases."

"CBRS spectrum availability represents an unprecedented opportunity for many industries to meet wireless connectivity challenges," said Ron Friedman, VP of Americas Sales Dept., Fibocom. "By joining the OnGo Alliance, Fibocom emphasizes our commitment to a large-scale deployment of CBRS, which will provide every industry with reliable, cost-effective, and scalable wireless communication solutions."

In September 2021, Fibocom introduced the LTE-A Category 6 wireless communication module FM101-CG. Featuring 3GPP Release 12 capabilities, the FM101-CG module is exclusively designed to advance the commercial deployment of products operating in the CBRS spectrum. Powered by the Snapdragon® X12+ LTE Modem from Qualcomm Technologies, Inc., the module supports LTE TDD Band 42/43/48 and delivers maximum data rates of up 260 Mbps downlink and 30 Mbps uplink. FM101-CG adopts M.2 form factor measuring 30.0*42.0*2.3mm.

Along with abundant functionalities such as DFOTA, VoLTE and Audio, the Fibocom FM101-CG module supports multi-constellation GNSS receiver, including GPS, GLONASS, BeiDou and Galileo, for high-performance positioning and navigation. It also supports multiple operating systems (Linux/ Android/ Windows), various Internet protocols as well as a rich set of digital interfaces (USIM, USB 3.0/2.0, PCIe 2.0 and PCM/I2S), allowing much flexibility and ease of integration for customer’s application. The module has been certified by FCC/ RoHS/ HF/ TSCA/ Reach/ CE.

At present, the engineering samples of FM101-CG are available for product testing and development, which provides solution that help device OEMs and systems designers with their innovative new products, optimizing business operations and processes.

For more information, follow us on:

Resources

About Fibocom
Fibocom is a leading global provider of wireless communication modules and solutions in the sector of IoT (Internet of Things), as well as the first stock-listed (Stock Code:300638) wireless module provider in China. We provide end-to-end IoT wireless communication solutions for telecom operators, IoT equipment manufacturers, and IoT system integrators. With over two decades’ engagement in M2M and IoT communication technology and extensive expertise, we are capable of independently developing high-performance wireless communication modules including 5G, LTE/LTE-A, NB-IoT/LTE-M, Android Smart, Automotive, WCDMA/HSPA(+), GSM/GPRS, Wi-Fi, GNSS, etc. Besides reliable, convenient, safe and intelligent IoT communication solutions for almost all vertical industries, we are also geared to customize the best and optimal IoT modules and solutions catering to your special requirements.

Sales Contact
Jim Engleson
Director of Sales & Strategic Partnerships
Jim.Engleson@fibocom.com

Media Contact
Ellie Cai
Global PR Specialist
pr@fibocom.com

PR Newswire

NPCore forms global partnership with Viet Cyber Security towards expansion into SE Asian IT security market

Leave a comment

SEOUL, South Korea, Nov. 26, 2021 — NPCore, a joint venture member of Born2Global Centre, has its sights set on a greater share of the IT security market in Southeast Asia, recently joining forces with Vietnamese IT security service provider Viet Cyber Security. Together, the two companies set up NPCore Vietnam Joint Stock Company, a joint venture which will see them coordinate efforts in the IT security industry. NPCore is an AI-based new variant malware (APT) response solution provider offering optimal security solutions.

NPCore has provided cyber security solutions and since 2021, it has participated in a project for supporting overseas expansion of D.N.A (Data, Network, AI) convergence products led by Born2Global Centre.

NPCore and Viet Cyber Security set up NPCore Vietnam Joint Stock Company, a joint venture for efforts in the IT security industry.
NPCore and Viet Cyber Security set up NPCore Vietnam Joint Stock Company, a joint venture for efforts in the IT security industry.

The joint enterprise will see the two partners collaborate in technology and, more importantly, concerted sales and marketing activities in the Southeast Asian IT security market. The goal is to lay the foundation for a stable supply of IT security services in local markets to obtain market trust and continue expanding the business at an increasing pace. NPCore has confirmed that it is ready to aggressively engage Viet Cyber Security’s local networks and customers towards expanding its market presence. NPCore’s solution (Zombie Zero) can defend against any path through which malicious code can flow from the network to the endpoint.

It currently holds 12 patents as well as the International Common Criteria (CC) certification for its proprietary security technologies and has more than 100 global references.

NPCore CEO Han Seung-cheol stated, "The local joint enterprise was established in Vietnam as it is a market with active investment taking place in national security, corporate IT security, and other fields. It will be a local platform for entry into the Southeast Asian markets—Vietnam included—and will put us on the map as an IT security service provider in the region."

Furthermore, the joint venture between NPCore and Viet Cyber Security was established as part of the Born2Global Centre’s partnership program. Through its support of DNA-convergence products and services, Born2Global Centre serves as a launchpad for innovative startups to enter global markets. Born2Global Centre provides startups with different levels of consulting services, from partnership exploration & creation to business establishment, operations, joint R&D projects, and market expansion.

For more detailed information on NPCore, visit https://www.npcore.com/eng/.

Media contact
NPCore: esshim@npcore.com  
Born2Global Centre: jlee@born2global.com

PR Newswire

ArmourZero’s Launch Revolutionize Cybersecurity Landscape with Groundbreaking Security as a Service Platform

Leave a comment

SINGAPORE, Nov. 24, 2021 — With an increasingly digitalised world and proportionally increasing cyber threats, cybersecurity protection is becoming critical as businesses and corporations integrate digital processes into their workflow. ArmourZero provides a comprehensive one-of-a-kind Security-as-a-Service (SECaaS) solution to counter rising concerns of businesses with a one-stop Cloud IT Security Operation to plan, manage, track and orchestrate.

The cavalry behind ArmourZero. (From left) Vivian Wong, Michael Ong, Tho Kit Hoong, Bushra Iskandar, Jamrah Othman and Nadia Ishak
The cavalry behind ArmourZero. (From left) Vivian Wong, Michael Ong, Tho Kit Hoong, Bushra Iskandar, Jamrah Othman and Nadia Ishak

With a robust cloud infrastructure in place for global access, ArmourZero, built in partnership with premier security technology providers Automox, Avanan, CrowdStrike, DNS Filter and F-Secure, provides IT security protection that is seamless, easy, and cost-effective. An emphasis on Technology, People, and Processes allows the SECaaS to reinvent cybersecurity and close gaps in traditional solutions.

"Similar to human vaccination, it will be an overstatement if we claim that we offer 100% protection. To fight against continuous cyber attacks and cyber threats, relying on technology alone is not sufficient; we are connecting Technology, People, and Processes to close all the gaps and automate administrative security work for our customers without hassle in one single service platform, like nobody else done before," founder and CEO Tho Kit Hoong explained.

From flexible pricing, provisioning automation, user on/off-boarding, 24/7 round-the-clock security alerts and events monitoring, to support from certified security experts and more, ArmourZero eschews cumbersome and time-consuming methods housed entirely under just one subscription.

SECaaS : Breaking the Mould

Similar to SaaS evolution, SECaaS has grown in popularity over recent years and serves to ease the burden on in-house security teams, allow for scalability with growth, and reduce the costs of on-demand services.

ArmourZero eliminates high deployment costs of on-premise physical hardware and on-site service through its cloud setup and flexible subscription model. This model is designed to suit changing needs such as competitive pricing to outweigh high server costs as compared to computers and devices, and the deduction of unused users as credit for future add-ons or new subscriptions in various security categories. 

Organisations can save time and cost with the service’s self-provisioning automation tool, alongside swift threat response and 24/7 round-the-clock security alerts and events monitoring via a security operations center (SOC). This is all operated by highly skilled and certified security experts working with the latest and most advanced technology.

As the first mover of a multi-security services orchestration platform, ArmourZero is ready to evolve today’s cybersecurity industry with 7 services:

  • Endpoint Antivirus as-a-services
  • Endpoint Next-Gen Antivirus as-a-services
  • Endpoint Detection and Response as-a-services
  • Endpoint Detection and Response with Threat Intelligent as-a-services
  • Patch Management as-a-services
  • Email Protection as-a-services
  • Web Protection as-a-services

The range of security services can be further customised and adjusted according to business needs and requirements as part of the subscription.

ArmourZero Affiliate Program

ArmourZero also introduced a new business platform for individuals and referrals, to encourage individual partnership to ramp up cyber security measures through unique affiliate links to businesses looking, upgrade and streamline cyber protection.

About ArmourZero

ArmourZero believes IT security protection should be easy and cost-effective. Our mission is to safeguard your company and employees from cyberattacks and cyber threats by reinventing protection and closing the legacy solutions’ gap.

ArmourZero’s Security-as-a-Service (SECaaS) provides highly competent and certified professionals, supported by the latest technologies and processes, all on a subscription model. By seamlessly connecting Technologies, People and Processes, ArmourZero automates administrative security work without hassle. Find out more about the company at www.armourzero.com

Related Links :

http://www.armourzero.com

PR Newswire

Nestle Health Science Partners with Healint to Initiate a Fully Virtual Study on Ketogenic Treatment for Migraines

Leave a comment

SINGAPORE, Nov. 21, 2021 — Nestlé Health Science (NHSc) has initiated a study looking into the effectiveness of a ketogenic nutritional supplement in reducing migraine attacks. The fully virtual study, taking place in Quebec, Canada, is investigating the effectiveness of a ketogenic nutritional supplement developed by Nestlé in reducing the number, intensity, and duration of migraines in people with episodic migraines.

This fully virtual study has been approved for conduct in the Canadian province of Quebec, with scientific and regulatory support from the Food & Nutrition Group within Intertek Assuris and is powered by a dedicated module within the Migraine Buddy app developed by Healint. The Clinical Research Unit at Nestlé Research is managing the trial and the clinical operations activities are being executed by DIEX Recherche. This represents for Nestlé the first randomized clinical trial for central nervous system conditions to be conducted fully remotely, with no visits at the clinical site. 1

The digital platform allows participants in the province of Quebec to be screened, recruited, and tracked in real-time across the five-month study, all from a single, easy-to-use, virtual interface. Moreover, the digital aspect reduces the risk of human errors associated with traditional paper-based records and increases the speed of data capture and cleaning.

"Migraines can be seriously incapacitating for sufferers, affecting every aspect of their lives," said Stephanie Blum, Global Head of Translation Research for Nestlé Health Science. "We have seen promising evidence that by improving brain energy metabolism, for example with the use of ketones, the impact of migraines can be lessened." Nestlé Health Science is using a fully virtual study to improve patient experience, making trial participation more accessible and convenient, paving the way to future end-to-end digital clinical studies in medical nutrition.

"The COVID-19 pandemic has highlighted the need and benefit for clinical trials to go fully virtual; there are multiple cost efficiencies and benefits to a fully remote clinical trial which technology platforms like Migraine Buddy can facilitate," said François Cadiou, CEO of Healint.

"We firmly believe that mobile health has the potential to revolutionize the way clinical studies are delivered" said Cadiou. "We are delighted that this partnership with Nestlé Health Science will allow clinical trials to proceed remotely and promote inclusion by extending the range of participants to beyond those residing near physical trial sites."

Migraine is the sixth most disabling illness in the world, which affects around a billion people worldwide. More than half of all migraine sufferers are never diagnosed, while 15% of those diagnosed with migraine experience more than five attacks per month. Considering that 75% of the migraine population is female and that prevalence peaks between the ages for 18 and 44, the burden of migraine falls most heavily on women of childbearing age. Migraine is characterized by moderate to severe   headache   and   is   often   accompanied by nausea, vomiting and photophobia.2 It has detrimental effects on daily activities, it reduces quality of life and impairs productivity with limited participation in professional, academic, and social settings.

About Nestlé Health Science

Nestlé Health Science is a leader in the science of nutrition and a globally managed business unit of Nestlé. We believe in empowering healthier lives through nutrition and are committed to redefining the management of health, offering an extensive portfolio of science-based active lifestyle nutrition, medical nutrition and pharmaceutical solutions. Our extensive research network, both within Nestlé’s R&D centers as well as with external partners, provides the foundation for products that can help people to live their healthiest lives. Headquartered in Switzerland, we have more than 11,000 employees around the world, with products available in more than 140 countries. www.nestlehealthscience.com.

About DIEX Recherche

DIEX Recherche is a rapidly growing clinical research company with five sites in the province of Quebec. They have more than 50 ongoing studies and more than 40 studies to come in various therapeutic areas, such as memory loss, cardiovascular disease, vaccine, women’s health, dermatology, liver disease and many more. For more information about the company, visit www.diex.ca.

About Healint

Healint Pte Ltd is a leading healthcare technology company that is transforming how patients manage chronic central nervous system (CNS) conditions and how companies conduct clinical trials. Leveraging the latest innovations in software, data science and user experience design, Healint puts healthcare in the hands of patients and empowers them to be active participants in the discovery of new treatments. Healint helps companies to conduct virtual studies, to increase the quality of the data collected by lowering the barriers of entry for qualified patients. The company’s first global program—the Migraine Buddy platform and its apps—has over three million engaged users. Find out more at www.healint.com

About Intertek Assuris

The Food & Nutrition Group within Intertek Assuris is a global leader in delivering expert scientific, toxicological, and regulatory consulting services. Our multi-disciplinary team of scientific and regulatory experts helps companies achieve regulatory approvals for their food and dietary supplement ingredients, as well as their health claims, globally.

PR Newswire

Empowering Digital Pakistan: H3C Embarks on Digital Transformation with Partners and Customers

Leave a comment

RAWALPINDI, Pakistan, Nov. 20, 2021 — H3C, a leader in digital solutions, recently rolled out its global virtual event, the H3C Digital Tour 2021, in Pakistan. During the event, Gary Huang, President of International Business and Senior Vice President of H3C, shared his insights on Pakistan’s digital transformation and its social impact with local experts, customers and partners.


Themed "Digital Future · We Together", the event promoted mutual engagement between H3C, its partners and end users in Pakistan to encourage the implementation of smart digital strategies in key industries. H3C believes that by accelerating the digital transformation of traditional enterprises and enabling the industrial intelligent application, we will be together to share the benefits of digitalization and create a better digital future. Launched in several countries including Russia and Malaysia, the aim of H3C Digital Tour 2021 is to share the vision in assisting H3C’s global clients and partners to achieve higher levels of digital transformation.

Through the "Digital Pakistan" Policy launched in 2018, the Pakistani government aims to build an agile and innovative digital service ecosystem that is capable of facilitating core transformations in governance and infrastructure. The Pakistani government has started focusing on investment in ICT fields including big data and information security in recent years, aiming to support the digital transformation of local industries, including healthcare, education, government and others shifting towards digital solutions in response to COVID-19 pandemic, consequently creating a large demand for the support of digital network construction.

Since entering the Pakistani market in 2019, H3C has successfully certified over 70 partners and 60 engineers, helping to upgrade digital infrastructure in government, telecoms, education, banking, and healthcare sectors.

Speaking during the H3C Digital Tour 2021 in Pakistan, Gary Huang informed the audience that the theme of H3C Digital Tour is "Digital Future · We Together", which follows H3C’s global strategy of working together with the partners and customers. The adopted ecosystem by all industries will help H3C to drive the economy to grow manifold. During this journey, H3C is eager to understand the customers’ demand, take industry experts’ advices and share the insights and experiences, in order to refine the idea of how H3C can work together to redefine the future of digital innovations.

Several distinguished guests including customers, partners and industrial experts shared their forward-thinking insights on the new trends of Pakistan’s digitalization and how H3C is fully empowering Digital Pakistan Vision with a win-win ecosystem of cooperation.

Syed Ahmed, Chair (IT) Prime Minister Task Force on IT & Telecom of Pakistan expressed that Government of Pakistan strongly believes in mass adoption of emerging digital technologies and innovative applications to enable cross-sector socio-economic development. This is also where H3C comes in with its unique vision and offers the latest and cutting-edge ICT solutions in a variety of areas. Junaid Arshad, General Manager of Cloud Services from National University of Sciences and Technology (NUST) also shared his insights on e-education and experience with H3C products.

Frank Zhu, Country Manager for H3C Pakistan, said in his closing remarks that with the firm global strategy, H3C will prove to be a trusted partner and is dedicated to become one of the leading players in the Pakistan ICT industry. He ensured that by leveraging its innovative technologies and global experience, H3C will continue to invest in team’s professionalism, in new opportunities in Pakistan with partners to support customers from various industries in their digital transformation, to contribute towards better Digital Pakistan.

Following Pakistan, H3C Digital Tour 2021 will be launched in Japan this December as the fourth stop of the global tour event. As a leader in digital solutions, H3C will continue to explore new possibilities of integrating digital technology with industry applications, building a core engine for digital transformation together with its partners and customers.