Tag Archives: ITE

PR Newswire

Registration Opens for QAD Tomorrow Thought Stream

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Manufacturers will learn the importance of strengthening supplier relationships to improve supply chain resiliency and better prepare for the challenges of tomorrow

JAKARTA, Indonesia, May 3, 2021 — QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, announced today that it has opened registration for its global thought stream event, QAD Tomorrow. QAD Tomorrow will stream on May 19, 2021, at 10 am (ICT).

QAD Inc. announced today that it has opened registration for its global thought stream event, QAD Tomorrow. QAD Tomorrow will stream on May 19, 2021, at 10 am (ICT).
QAD Inc. announced today that it has opened registration for its global thought stream event, QAD Tomorrow. QAD Tomorrow will stream on May 19, 2021, at 10 am (ICT).

"Global manufacturers continue to face ever-increasing and unprecedented disruption," said QAD CEO Anton Chilton. "Supply chains are brittle as evidenced by COVID-19’s impact. Integrated Supplier Management is a critical capability that can help a manufacturer reduce its supply chain risk while at the same time increase efficiency and agility. QAD Tomorrow attendees will hear from QAD customers as well as subject matter experts to learn how to identify the risks in their supply chains and supplier networks and prepare for the challenges caused by disruption."

Attendees can register for the event by visiting qad.com/tomorrow2021 beginning April 19. Registration is free and continues up until the event on May 19.

QAD Tomorrow will help manufacturers determine whether their supply chains are prepared to effectively deal with disruption through an online diagnostic provided after the event. Attendees will learn about the challenges manufacturers face, their root causes and the best practices for overcoming them. Speakers will include QAD CEO Anton Chilton, other QAD executives and QAD customers. For the latest QAD Tomorrow news follow #QADTomorrow on social media.

QAD Tomorrow debuted in 2020, focusing on the disruption in manufacturing and the imperative for manufacturers to digitally transform their businesses.

About QAD – Enabling the Adaptive Manufacturing Enterprise

QAD Inc. is a leading provider of adaptive, cloud-based enterprise software and services for global manufacturing companies. Global manufacturers face ever-increasing disruption caused by technology-driven innovation and changing consumer preferences. In order to survive and thrive, manufacturers must be able to innovate and change business models at unprecedented rates of speed. QAD calls these companies Adaptive Manufacturing Enterprises. QAD solutions help customers in the automotive, life sciences, consumer products, food and beverage, high tech and industrial manufacturing industries rapidly adapt to change and innovate for competitive advantage.

Founded in 1979 and headquartered in Santa Barbara, California, QAD has 30 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions, including enterprise resource planning (ERP), digital supply chain planning (DSCP), global trade and transportation execution (GTTE), quality management system (QMS) and strategic sourcing and supplier management, to become an Adaptive Manufacturing Enterprise. To learn more, visit www.qad.com or call +6221 3973 8908. Find us on Twitter, LinkedIn, Facebook, Instagram and Pinterest.

"QAD" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.

Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding projections of revenue, income and loss, capital expenditures, plans and objectives of management regarding the company’s business, future economic performance or any of the assumptions underlying or relating to any of the foregoing.  Forward-looking statements are based on the company’s current expectations.  Words such as "expects," "believes," "anticipates," "could," "will likely result," "estimates," "intends," "may," "projects," "should," "would," "might," "plan" and variations of these words and similar expressions are intended to identify these forward-looking statements.  A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements.  These risks include, but are not limited to: risks associated with our cloud service offerings, such as defects and disruptions in our services, our ability to properly manage our cloud service offerings, our reliance on third-party hosting and other service providers, and our exposure to liability and loss from security breaches; demand for the company’s products, including cloud service, licenses, services and maintenance; pressure to make concessions on our pricing and changes in our pricing models; protection of our intellectual property; dependence on third-party suppliers and other third-party relationships, such as sales, services and marketing channels; changes in our revenue, earnings, operating expenses and margins; the reliability of our financial forecasts and estimates of the costs and benefits of transactions; the ability to leverage changes in technology; defects in our software products and services; third-party opinions about the company; competition in our industry; the ability to recruit and retain key personnel; delays in sales; timely and effective integration of newly acquired businesses; economic conditions in our vertical markets and worldwide; exchange rate fluctuations; and the global political environment.  For a more detailed description of the risk factors associated with the company and factors that may affect our forward-looking statements, please refer to the company’s latest Annual Report on Form 10-K and, in particular, the section entitled "Risk Factors" therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter.  Management does not undertake to update these forward-looking statements except as required by law.

Contacts

QAD Inc.
Scott Matulis
Public Relations
818-451-8918
publicrelations@qad.com
or
Evan Quinn
Analyst Relations
617-869-7335
industryanalyst@qad.com

Related Links :

http://www.qad.com

PR Newswire

How Dahua Video Monitoring Solution Protects Endangered Species

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HANGZHOU, China, April 30, 2021 — Extinction of wildlife species has become a tragic feature of the modern world. Many species around the earth are threatened by environmental challenges from climate change, fire, and pollution. The threat comes also from illegal activities carried out by people, such as poaching and unauthorized hunting and logging. 

Dahua Video Monitoring Solution Protects Endangered Species
Dahua Video Monitoring Solution Protects Endangered Species

Dahua Video Monitoring Solution Protects Endangered Species

Species extinction is more than just a concern of conservationists. The health of our planet depends on preserving the evolutionary path of natural ecosystems; this is what makes human life sustainable. Thankfully, people around the world have begun to pay greater attention. And Dahua Technology is committed to developing and deploying systems that can help.

Dahua’s solutions have been helping to level the playing field for at-risk ecosystems and preserve nearly 50 endangered species. For example, in Qinghai province, Dahua has built several "Ecology Windows" where remote monitoring systems provide real-time monitoring in the five major preservation areas in the province, including the Three River Source, Qinghai Lake, Huangshui Basin, Damu Basin and Qilian Mountains. 

Using intelligent video analytics (such as intelligent detection, tracking and early alerts), Dahua’s technologies not only protect wildlife from immediate threats, but also offer remote monitoring for research purposes. The video metadata is stored in the Qinghai Environmental Cloud Platform, whereas continuously building its observation database to support research on species diversity and other key elements of ecosystem health. 

Experts today use Dahua products to build a better understanding of many endangered species including antelopes, wild donkeys, snow leopards, and Chinese hornbeams, bar-headed geese, black-necked cranes, and Eurasian otters. Collecting precise data about migration activities, for example, gives the scientific community the information it needs to design and deploy better conservation policies and programs.

As a world-leading video-centric smart IoT solution and service provider, Dahua Technology is committed to making the world safer and more secure. Protecting people, protecting endangered species, and protecting the environment are all central to our mission, now and in the future. 

Visit http://www.dahuasecurity.com to learn more and follow us on social media.

Facebook: Dahua Technology                       Twitter: Dahua Technology 
YouTube: Dahua Technology Channel          LinkedIn: Dahua Technology Co. LTD

Media Contact

Vivid
Overseas Media & PR Manager
86-571-28069750
Gu_jun1@dahuatech.com

PR Newswire

CooTek Files Annual Report on Form 20-F for Fiscal Year 2020

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SHANGHAI, April 27, 2021 — CooTek (Cayman) Inc. (NYSE: CTK) ("CooTek" or the "Company"), a fast-growing global mobile internet company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission (the "SEC") on April 26, 2021.

The annual report can be accessed on the Company’s investor relations website at https://ir.cootek.com/ as well as the SEC’s website at http://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s IR Department at ir@cootek.com.

About CooTek (Cayman) Inc.

CooTek is a fast-growing mobile internet company with a global vision, offering mobile applications. Our mission is to empower everyone to enjoy relevant content seamlessly. The Company’s user-centric and data-driven approach has enabled it to release appealing products to capture mobile internet users’ ever-evolving content needs and helps it rapidly attract targeted users. CooTek has developed and brought to market content-rich mobile applications, focusing on three categories: online literature, scenario-based content apps and casual games. For details, please visit: https://ir.cootek.com/.

For investor enquiries, please contact:

CooTek (Cayman) Inc.
Mr. Robert Yi Cui
Email: ir@cootek.com  

ICA (Institutional Capital Advisory)
Mr. Kevin Yang
Phone: +86-21-8028-6033
Email: cootek@icaasia.com  

PR Newswire

Tencent Cloud Signs Agreement with Japanese Beauty Company Premier Anti-Aging to Bolster Smart Retail Strategy

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Memorandum of Understanding signed to strengthen the company’s cross-border sales in mainland Chinese market

HONG KONG, April 26, 2021 — Tencent Cloud, the cloud business of Tencent, today announced the signing of a Memorandum of Understanding (MoU) with Premier Anti-Aging Co. Ltd., a Japanese cosmetics company, for the use of Tencent Cloud’s resources and technologies as well as to leverage Tencent’s huge and unique ecosystem in pushing forward the brand’s smart retail strategy and to help expand the sales of beauty products in the mainland Chinese market.

The MoU, signed by Kiyoshi Matsuura, Director and CEO of Premier Anti-Aging, and Zhao Jiannan, Managing Director of Tencent Cloud for Northeast Asia, signifies the agreement between the two parties to explore the utilization of Tencent Cloud services and solutions, supported by the comprehensive Weixin ecosystem. These include the opening and operation of a Weixin Official Account and Mini Program; the use of big data and cloud technology to understand Chinese consumer habits and preference; and the establishment of an interaction platform to recommend appropriate content to consumers in order to improve marketing efficiency. The collaboration will allow Premier Anti-Aging to connect and engage Chinese customers via the popular, daily communication and social services in Chinese mainland, putting the brand’s smart retail strategies in action and maximizing the brand’s potential in reaching more cosmetics users in the mainland.

Japanese cosmetics and skincare products are emerging in China as sought-after commodities: While a phenomenal growth of Japanese cosmetics brands during the Double 11 Shopping Festival in 2020 was observed, Japan has already become one of the major players in China’s imported beauty. Japan’s exports to China have also hit a record high for six consecutive years, with sales accounting for more than 70 percent according to the Japan Cosmetic Industry Association, proving that Japanese beauty brands are breaking into the mainstream and gaining popularity in the Chinese market.

Poshu Yeung, Senior Vice President, Tencent Cloud International, who stood as witness in the signing of the MoU, said, "Leveraging our expertise and experience with Chinese consumers, Tencent Cloud is glad to be providing our state-of-the-art technologies and comprehensive data services to boost the already strong sales performance and brand recognition of Premier Anti-Aging in Chinese mainland, and bring its products to more Chinese consumers. Tencent Cloud looks forward to helping the brand expand its horizons, specifically with its beauty and cosmetic products, in the Chinese market."

Kiyoshi Matsuura, Director and CEO, Premier Anti-Aging, said, "Since 2009, we have been developing our cosmetics business to enrich people’s lives through anti-aging skin care products. We have recently been receiving more and more interest from overseas customers, and we look forward to fully expanding into overseas markets, such as China. Through the help of our collaboration with Tencent Cloud, we are setting our sights on serving the cosmetics needs of Chinese consumers via reliable, safe and secure technology."

Tencent Cloud is a secure, reliable and high-performance public cloud service provider that integrates Tencent’s infrastructure-building capabilities with the advantages of its massive user platform and ecosystem. Tencent Cloud provides global access and a rich array of services to governments and organizations that need advanced infrastructure and a resilient environment, such as those in the online games, live broadcast, and financial services sectors.

About Tencent Cloud

Tencent Cloud is Tencent’s cloud services brand, providing industry-leading cloud products and services to organizations and enterprises across the world. Leveraging its robust data center infrastructures around the world, Tencent integrates cloud computing, big data analytics, AI, Internet of Things, security and other advanced technologies with smart enterprise scenarios. At the same time, we provide a holistic smart enterprise solution for sectors including finance, education, healthcare, retail, industry, transport, energy and radio & television.

PR Newswire

HKBN and HOME+ Join Forces to Deliver Breakthrough Shopping Rewards to 5G Mobile Services Customers

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HONG KONG, April 23, 2021 — HKBN Group ("HKBN") and HOME+ are thrilled to spoil HKBN’s 5G mobile services customers with up to HK$2,800 in online shopping e-coupons. By subscribing to HKBN’s brand new 5G mobile plans, customers will enjoy not just blazing speed of a quality 5G network but also free HOME+ e-cash coupons, allowing them to experience the convenience and quality products at HOME+. An HKBN’s latest unlimited data 5G mobile plans (first 20GB at 5G speeds, unlimited 4.5G thereafter) starts at just HK$298*.

 

One-stop e-shopping platform HOME+ is jointly operated by HKBN with leaders of multiple industries. HKBN enjoys a unique market edge with HOME+, bringing wave after wave of exciting offers to its 1 million residential customers, penetrating 1/3 of all Hong Kong households, and over 100,000 corporate customers.

Ben Yeung, Co-Owner & Chief Commercial Officer – Business Development & Partnership of HKBN said, "Offering market-disruptive packages is part of our DNA that sustains HKBN’s pioneering status.  Our debut of high calibre 5G services for personal and corporate customers, bundled with generous HOME+ e-cash coupon giveaways, is a breakthrough value combination for the market."

June Lam, CEO of HOME+ , said, "We help businesses do more business on our rapidly growing e-shopping platform by not charging merchants fixed slotting fees or annual fees, allowing them to extend their marketing reach at far lower costs. We’re pleased to work with HKBN to offer its 5G users HOME+ e-cash coupons, which they can use to shop over 10,000 products on HOME+. In addition, we offer an extensive range of latest 5G smartphones at very attractive prices."

Customers of HKBN’s 5G mobile services will be able to access 3 Hong Kong’s strongest 5G network enjoying a blazing fast speeds and ultra-low latency 5G experience. To date, 3 Hong Kong boasts 5G coverage of 99%^ including over 600 indoor and outdoor premises and facilities across Hong Kong, like major transportation systems, shopping malls, skyscrapers, hospital complexes, hotels and university campuses and more.

Brand New HKBN 5G Mobile Services Plans

Unlimited Data* Plans

Basic Plans

Monthly fee*

HK$298

HK$338

HK$238

HK$278

Non existing
selected HKBN residential customers

Additional HK$10

Data speed

5G

Local data

20GB

30GB

20GB

30GB

Local data
speed thereafter

 

Unlimited local data* at 4.5G speeds
upon reaching the above 5G local
data limit

 

 

Top-up local 5G data at
HK$388/100GB or HK$30/5GB

 

Contract period

24 months

Admin fee

HK$18

Bonus rewards

HK$2,000

e-cash coupons

for e-shopping platform HOME+

HK$2,400

e-cash coupons

for e-shopping platform HOME+

HK$600

e-cash
coupons

for e-shopping platform
HOME+

HK$800

e-cash
coupons

for e-
shopping platform
HOME+

+

Free 6-mth HKBN SAFE cybersecurity solution (3 Devices)

+

Free 12-mth myTV Super Box (Alpha Pack)

 

+

Free 12-day Travel Pocket Wi-Fi

HKBN’s 5G mobile services will allow its customers, especially users of flagship devices, to experience downloading a 1GB file in 10 seconds — 10 times faster than 4G. This opens up not just infinite entertainment possibilities but a whole new paradigm of business efficiency and applications for enterprises. For a limited time, residential customers signing up for HKBN’s 5G mobile services plans will enjoy HK1,300 discount off Samsung Galaxy S21 5G series handsets. For more details about HKBN’s mobile services, please visit:
 https://www.hkbn.net/personal/mobile/en/select-plan/5G  

Brand new 5G services plans are also available for HKBN Enterprise Solutions customers. Please call the hotline 128 1111 for details. 

* Applicable for existing selected residential customers. Terms and Conditions apply. Subject to the Fair Usage Policy (C).

^ Based on 3HK’s test results in relation to 3HK’s 5G network and population distribution of Hong Kong conducted in January 2021.

About HKBN Group

HKBN Group ("HKBN" or the "Group"), headquartered in Hong Kong with operations spanning across Asian markets like Hong Kong, Macau, mainland China, Singapore and Malaysia, is a leading integrated telecommunications and technology services provider. Through three core brands, Hong Kong Broadband Network, HKBN Enterprise Solutions and HKBN JOS, the Group offers comprehensive one-stop Information and Communications Technology ("ICT") solutions that include broadband, data connectivity, cloud and data centre, managed Wi-Fi, business continuity services, system integration, cybersecurity, mobile services, roaming solutions, digital solutions, voice and collaboration, stationery and supplies that are cumulative to our one-stop-shop offering of Transformation as a Service (TaaS) and OTT entertainment. HKBN’s tri-carrier fibre infrastructure in Hong Kong covers over 2.4 million residential homes and over 7,400 commercial buildings and facilities. Committed to creating a lasting positive impact to wherever it operates, HKBN embraces a Core Purpose to "Make our Home a Better Place to Live". The Group is managed by hundreds of Co-Owners (supervisory and management level Talents in the Group) who invested their savings to buy shares of HKBN Ltd. For more information about HKBN, please visit www.hkbn.net/en.

About HOME+

HOME+ is a brand-new online shopping platform jointly supported by Hong Kong’s leading businesses, including HKBN, Dah Chong Hong, Kerry Logistics and more. HOME+ brings merchants of all types and sizes under a shared economy platform, enabling them to share resources and strengths and forge fruitful partnerships. HOME+ brings a "plus" to modern home living with a diverse range of quality merchandise covering wholesome foods, in-the-trend appliances, health supplements, personal care goods, and many more. Shop now at: home-plus.hk

Related Links :

http://www.hkbn.net/en

PR Newswire

US Companies Invest in Switched Ethernet Services to Connect to Cloud-based Applications, Says Frost & Sullivan

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Enterprises are evaluating the benefits of fixed versus usage-based network services to align with pay-as-you-go cloud-based services

SANTA CLARA, Calif., April 22, 2021 — Frost & Sullivan’s recent analysis finds that continued demand for bandwidth and cloud connectivity needs are sustaining Ethernet demand in the United States business markets. Market maturity, downward pricing pressure, and lack of sustained demand for point-to-point Ethernet services with SD-WAN (software-defined wide area network) will result in the market dropping from $6.35 billion in 2021 to $5.94 billion by 2024. COVID-19 has forced many enterprises to alter their strategies, while some have decided to hold off on making network purchase decisions, others invested in site upgrades because there was a demand for increased bandwidth. This study presents key trends, market revenue and ports forecasts, a market share analysis, and growth opportunities. It is segmented by transport distance (metro versus long haul) and service type (dedicated or port-based services versus switched or VLAN-aware services).

ethernet
ethernet

For further information on this analysis, Business Carrier Ethernet Services Market Update, United States, please visit: http://frost.ly/5i5

"Although the market is declining, there is still demand from enterprises that consume Ethernet services for their flexibility, scalability, and reliability," said Gina Sanchez, Industry Principal, Frost & Sullivan. "There will be a sustained call for switched services (Ethernet virtual private line (EVPL) services, in particular) since companies benefit from purchasing a single user network interface (UNI) port and creating multiple Ethernet virtual circuit (EVC) to share the bandwidth among different applications."

Sanchez added: "The adoption of Ethernet by enterprises to connect to cloud-based applications is driving the demand for dynamic bandwidth capacity on Ethernet networks. Enterprise users are evaluating the benefits of fixed versus usage-based network services to align with pay-as-you-go cloud-based services. Therefore NSPs are increasingly shifting from selling fixed bandwidth services to dynamic bandwidth options using SDN technologies." 

Market participants should closely look at the following growth opportunities:

  • Support for Continued Demand for Bandwidth: As enterprises seek higher-capacity ports to support the growth in bandwidth-hungry applications, network service providers (NSPs) must offer speed configurations, ensuring the service’s reliability through strong service-level agreements (SLAs) and performance management solutions that build customer trust.
  • Cloud Connectivity and Cloud Services: As companies focus on network performance and reliability, NSPs must provide flexible and scalable approaches to Ethernet services. Expanding footprint and network is also important.
  • Focus on Customer Experience: Metro Ethernet Forum (MEF)-defined products are a basic feature, and network service providers should focus on the customer’s digital experience to differentiate their offerings (portals, systems, and processes).
  • Leverage Dynamic Ethernet Services: Service providers should give customers greater control over their network and bandwidth efficiency. Dynamic Ethernet, or bandwidth on demand, is important.

Business Carrier Ethernet Services Market Update, United States, 2020 is the latest addition to Frost & Sullivan’s Information and Communication Technology 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 six decades, Frost & Sullivan has been 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

Business Carrier Ethernet Services Market Update, United States, 2020

K565-63

Contact:
Srihari Daivanayagam, Corporate Communications
P: +91 44 6681 4412
E: srihari.daivanayagam@frost.com
http://ww2.frost.com

 

Related Links :

Frost New Home page v2

PR Newswire

LG Innotek Develops Automotive Lighting Module ‘Nexlide-E’

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  • Brightness improved by 63%. Applicable to the front/rear of an automobile.
  • 0.2mm thick optical film is used to produce a customized lighting module.
  • Target the global market with "the automotive light source solution service."

SEOUL, South Korea, April 21, 2021 — LG Innotek (CEO Cheol-dong Jeong) announced on the 20th that it had developed ‘Nexlide-E,’ an automotive lighting module that produces bright and uniform light.

An LG Innotek employee is holding the automotive lighting module Nexlide-E. This product is 63% brighter than the previous product and produces uniform light. It can be applied to the front/rear of an automobile.
An LG Innotek employee is holding the automotive lighting module Nexlide-E. This product is 63% brighter than the previous product and produces uniform light. It can be applied to the front/rear of an automobile.

This automotive lighting module is made of three parts. An LED package, which is a light source, is mounted on a thin substrate. Then, optical resin covers the package and substrate for protection. Lastly, a thin optical film is attached on top of the package to spread the light brightly and evenly. The module can be used as taillights, stop lamps, and headlights.

The Nexlide is LG Innotek’s automotive lighting service brand that has the meaning of a next-generation light source. The name was produced by combining the words ‘Next,’ ‘Lighting,’ and ‘Device.’ LG Innotek provides automotive lighting module products as well as customized solutions such as optical device design, lighting design proposal, and more with the Nexlide brand.

The Nexlide-E is 63% brighter than the previous product and produces more uniform light. LG Innotek applied a high-performance and high-reliability optical film to improve the lighting performance. The company’s micropatterning technique was used in the film to give a variety of lighting effects.

Due to its brightness, this lighting module can replace multiple automotive lamps with different brightness standards into one module. This can improve space efficiency and allow more design variations of a vehicle’s lamps.

The maximum brightness of the Nexlide-E has been raised from 80 cd (candela, the unit of brightness) to 130 cd, making it 63% brighter than the previous product. This satisfies the brightness standard of taillights, turn signals, and stop lamps.

The stop lamps have the most strict brightness standard. In Europe and North America, they are required to be 110 cd or higher. This is because stop lamps must be recognizable in any circumstances for driving safety.

The Nexlide-E is also power efficient, because the module is bright enough with a small amount of electricity. This is particularly important for electric and hydrogen vehicles in increasing their mileage range (corresponding to fuel economy in conventional vehicles).

Also, car manufacturers can replace different lightings of a vehicle such as a taillight and stop lamp into one lighting module using the Nexlide-E. The product’s high brightness makes this possible by satisfying the different brightness levels of taillights, stop lamps and turn signals.

As the number of lighting modules used decreases, car manufacturers can design slimmer and more compact lamps, and increase space efficiency by widening the trunk and such.

The Nexlide-E also has the advantage in that it produces a uniformly bright light. Even as a wide lamp, it produces smooth and uniform light without blind spots or sudden breaks caused by lighting level drops.

To achieve such a bright and uniform light, LG Innotek developed a new optical film for the Nexlide-E. An only 0.2mm thick film produced with the company’s unique micropatterning technique is attached to the automotive lighting module. Different types of the optical film create various lighting effects.

The micropatterns can be changed according to the type of optical film to increase brightness by collecting the beam, produce a surface light source by diffusing the light or even produce a three-dimensional light shape.

With optical films, LG Innotek can produce customized lighting modules without complex design changes or using additional components such as an inner lens.

LG Innotek will leverage the Nexlide-E to expand its share in the automotive lighting module market.

To do so, the company has been active in promotions targeting global car makers in the U.S., Japan, Europe and South Korea. The first vehicle equipped with the Nexlide-E is expected to be mass-produced in the latter half of this year.

LG Innotek is also focusing on the development of next-generation lighting products. The company is developing another type of optical film that further raises the brightness and uniformity of the light. It is also developing the Nexlide-C+, a 3D lighting module that produces 3D light shapes without any devices such as a half-mirror that assists 3D effects within a lamp.

Insoo Ryu, VP, Head of the Automotive Components & Electronics Business Division, said, "The Nexlide-E is an innovative product that satisfies the customer needs for distinctive automotive lighting designs that give characters to vehicles. With the Nexlide brand, LG Innotek will continue to deliver a safe and enjoyable driving experience with the automotive light source solution service."

Global Market Insights, a market research institute, predicts that the automotive lighting market will grow from USD 32.6 billion in 2021 to USD 38.5 billion in 2026.

About LG Innotek Co.,Ltd.

LG Innotek is a cutting-edge materials and components manufacturer and an affiliate of the LG group. The company’s business units include core components for mobiles, automotive, display, semiconductors, and IoT. Furthermore, the company has cooperated closely with the mobile devices, home appliances, and automotive companies, producing camera modules, automotive electronic components, wireless communication modules, and substrate materials.

LG Innotek is headquartered in Seoul, Korea and its sales subsidiaries are located in Germany, USA, Mainland China, Japan, and Taiwan with production subsidiaries in China, Vietnam, Indonesia, Mexico, and Poland. For more information, please refer to the website: www.lginnotek.com

An automotive lamp equipped with the Nexlide-E module.
An automotive lamp equipped with the Nexlide-E module.

Related Links :

http://www.lginnotek.com

PR Newswire

/C O R R E C T I O N — Mindtree/

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In the news release, Mindtree reports robust revenue growth of 5.2% q-o-q in USD; Recommends final dividend of ₹17.5 per share, issued 16-Apr-2021 by Mindtree over PR Newswire, we are advised by the company that under the heading "Quarter ended March 31, 2021," the fourth bullet point should read "Net profit at ₹3,173 million (decline of 2.8% q-o-q / growth of 53.9% y-o-y)" rather than "Net profit at ₹3,173 million (decline of 2.8% q-o-q / 53.9% y-o-y)" as originally issued inadvertently. The complete, corrected release follows:

Mindtree reports robust revenue growth of 5.2% q-o-q in USD; Recommends final dividend of INR17.5 per share

BANGALORE, India and WARREN, N.J., April 17, 2021 — Mindtree, a global technology services and digital transformation company guiding its clients to achieve faster business outcomes, announced its consolidated results today for the fourth quarter ended March 31, 2021, as approved by its board of directors.

"We are proud to deliver another strong quarter, driven by significant traction in our client portfolio globally, leading to revenue growth of 5.2%, EBITDA of 21.9%, and an order book of $375 M at the end of Q4. Our journey of profitable growth and seamless delivery during the pandemic year has been made possible by the resilience of Mindtree Minds, the commitment of our leadership team, and above all, the continued support of our clients," said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. "The final dividend of INR17.5 per share announced today reinforces Mindtree’s commitment to enhance shareholder value. For the year, we delivered revenues of $1,076.5 M and margin expansion of 680 bps, while increasing our order book by 12.3%. As we enter FY22, we are confident that continued client demand for our transformative services, a strong order book, and our strategic investments position us well to deliver double digit growth and sustain EBITDA above 20%."

Key financial highlights:

Quarter ended March 31, 2021

  • In USD:
    • Revenue at $288.2 million (growth of 5.2% q-o-q / 3.5% y-o-y)
    • Net profit at $43.3 million (decline of 1.9% q-o-q / growth of 53.4% y-o-y)
  • In INR:
    • Revenue at INR21,093 million (growth of 4.2% q-o-q / 2.9% y-o-y)
    • Net profit at INR3,173 million (decline of 2.8% q-o-q / growth of 53.9% y-o-y)

Year ended March 31, 2021

  • In USD terms:
    • Revenue at $1,076.5 million (decline of 1.1%)
    • Net profit at $150.0 million (growth of 69.6%)
  • In Rupee terms:
    • Revenue at INR 79,678 million (growth of 2.6%)
    • Net profit at INR 11,105 million (growth of 76.0%)

Other highlights:

  • Clients:
    • 270 active clients as of March 31, 2021
    • $5 million clients grew by 1, total 44
  • People:
    • 23,814 Mindtree Minds as of March 31, 2021
    • Trailing 12 months attrition is 12.1%
  • Q4 deal wins with leading global clients:
    • Mindtree partnered with one of the leading electronic retailers to realize their omni-channel vision for their users
    • Mindtree signed a multiyear engagement with a global leader in design and manufacturing of household appliances to transform the online retail experiences of their users
    • For a Germany-based leader in building materials and construction systems company, Mindtree will be providing digital services and assisting in post-merger technology integration
    • Mindtree has been chosen as a strategic partner by a leading global travel software and technology company to modernize their passenger reservation platform and accelerate their cloud transformation journey
    • Mindtree has been selected by a leading bank to provide Salesforce transformation services across multiple geographies for their asset management division
  • Recognitions:
    • Everest Group, a leading consulting and research firm, recognized Mindtree as a "Major Contender" in its Software Product Engineering Services PEAK Matrix® Assessment 2021
    • Mindtree has been recognized by Information Services Group (ISG), a leading global technology research and advisory firm, as leader in 2021 ISG Provider Lens™ Salesforce Ecosystem Partners Reports US for implementation, integration and managed application services for large enterprises
    • Mindtree has been recognized by Information Services Group (ISG), a leading global technology research and advisory firm, as leader in 2021 ISG Provider Lens Mainframe Services & Solutions 2021 for Mainframe Transformation Services in US
    • Mindtree adjudged the winner of Golden Peacock National Award 2020 for Corporate Social Responsibility
    • Mindtree has been awarded the winner of BEST awards for demonstrating enterprise-wide success as a result of employee talent development by Association for Talent Development (ATD)
    • Mindtree has been conferred the second runner-up position in the ‘Best Employer for Women’ (large) category by Associated Chambers for Commerce and Industry of India (ASSOCHAM)
    • Mindtree has been recognized for ‘Workforce Planning and Staffing Solutions’ and ‘Organization Design’ at the People First ACE Awards 2020 presented by the National HRD network
    • Mindtree has been recognized and rewarded as a winner in ‘Excellence in Employee Welfare Initiative’ by BW Business World HR Excellence Award 2021
  • Announcements
    • The Board of Directors have recommended a final dividend of 175% (Rs 17.5 per equity share of par value Rs 10 each) for the financial year ended March 31, 2021 which is subject to the approval of shareholders at the Annual General Meeting

About Mindtree

Mindtree (NSE: MINDTREE) is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage. "Born digital," in 1999 and now a Larsen & Toubro Group Company, Mindtree applies its deep domain knowledge to 270 enterprise client engagements to break down silos, make sense of digital complexity and bring new initiatives to market faster. We enable IT to move at the speed of business, leveraging emerging technologies and the efficiencies of Continuous Delivery to spur business innovation. Operating in 24 countries across the world, we’re consistently regarded as one of the best places to work, embodied every day by our winning culture made up of over 23,800 entrepreneurial, collaborative and dedicated "Mindtree Minds."

To learn more about us, visit www.mindtree.com or follow us @Mindtree_Ltd

Safe harbour

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s technology spending, affecting demand for our services, delaying prospective customers’ purchasing decisions, and impacting our ability to provide on-site consulting services; all of which could adversely affect our future revenue, margin and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

For more information, contact: media@mindtree.com

Mindtree Limited, Global Village, RVCE Post, Mysore Road, Bangalore-560059;
CIN: L72200KA1999PLC025564; Phone: + 91 80 6706 4000; Fax: +91 80 6706 4100;
E-mail: info@mindtree.com/investors@mindtree.com; Website: www.mindtree.com

PR Newswire

INE, United Nations Join Forces for World Innovation and Creativity Day Global Hackathon

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INE, UN Team Up to Inspire Creativity, Generate Innovative Solutions to Solve Education, Health and Economic Crises

CARY, N.C., April 16, 2021 — In keeping with its commitment to lower educational barriers and provide broad access to information technology training around the world, INE is partnering with the United Nations and other global technology and education companies to host the 2021 World Innovation Day Hackathon. The event is an exciting venture hosted by virtual hackathon specialists, Hackmakers. It is designed to drive grassroot innovation to address some of the biggest challenges communities face in the areas of education, health, and the economy. "Our role is to bring together the global ecosystem comprising business, government, startups, and individuals, to collaborate and bring about meaningful change," says Steve Nouri, Hackmakers Chairperson. "We specially partnered with INE to deliver some pre-event workshops and leverage their mentors during the hackathon to educate and guide the participants." 

INE Partners with United Nations, Hackmakers for Global Hackathon
INE Partners with United Nations, Hackmakers for Global Hackathon

The World Innovation Day Hackathon will be held across 50+ countries in celebration of UN World Innovation and Creativity Day. The global virtual event will bring together the United Nations Educational, Scientific and Cultural Organization (UNESCO), the United Nations Environment Programme (UNEP), high-level developers, top International government officials, and leading private sector companies to create solutions leading to inclusive and equitable access to quality education, acceleration in the eradications of health crises including COVID-19, and a global economy with a thriving GDP Per Capita Growth, rather than a shrinking one. 

"At INE, we are working tirelessly to get the best technical training/education into the hands of businesses and individuals across the globe," says INE’s CEO Richard McLain. "We are thrilled to find partners in the United Nations and Hackmakers who are equally dedicated to making quality education accessible to people around the globe."

The Opening Ceremony will take place Friday, April 16th at 7:30am EDT. The hackathon will last 4 days, ending Monday, April 19th at 7:30am, and is open to students, working professionals, startups, freelance technologists, faculty, and IT service firms from across the world. During the hackathon, they will receive mentorship and advice from a variety of experts including INE experts. Challenge statements will be issued during the Opening Ceremony, and solutions will be judged on a criteria of consistency, originality, social value, quality/design and commercialization opportunity. Potential solutions include apps, dashboards, monitoring techniques, educational tools and anything participants can imagine and create! Winners will be awarded prizes contributed by sponsors including INE, and other community partners. 

About INE: 
INE is the premier provider of Technical Training for the IT industry. INE is revolutionizing the digital learning industry through the implementation of adaptive technologies and a proven method of hands on training experiences. INE’s portfolio of training is built for levels of technical learning specializing in advanced networking technologies, next generation security and infrastructure programming and development.

Photo – https://techent.tv/wp-content/uploads/2021/04/ine-united-nations-join-forces-for-world-innovation-and-creativity-day-global-hackathon.jpg

Related Links :

https://ine.com

PR Newswire

Make-Up Artists & Hair Stylist Guild Holds Virtual Gala Supported by TVU Networks Cloud-Based Video Conferencing Platform

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Cloud-based TVU Partyline manages more than 300 remote participants for live webcast honoring Hollywood’s outstanding make-up artists and hair stylists

SHANGHAI, April 16, 2021 — The Make-Up Artists & Hair Stylists Guild (MUAHS, IATSE Local 706) held its 8th Annual MUAHS Guild Awards as a virtual gala this past Saturday, April 3, 2021, with TVU Networks‘ technology handling remote production duties. The show was executive produced by IngleDodd Media and produced by Honeysweet Productions. Hosted by black-ish lead actor Anthony Anderson, more than 300 nominees attended virtually. The awards represented a spectrum of outstanding achievements in make-up and hair styling in motion pictures, television, commercials and live theater.

Cloud-based TVU Partyline manages more than 300 remote participants for live webcast honoring Hollywood’s outstanding make-up artists and hair stylists
Cloud-based TVU Partyline manages more than 300 remote participants for live webcast honoring Hollywood’s outstanding make-up artists and hair stylists

This marks the third Hollywood industry awards show in two months supported by TVU Networks’ cloud-based video conferencing platform.

Show producers used the TVU Partyline cloud-based, broadcast-quality video conferencing platform and TVU Transceivers to connect virtual nominees and award winners to the live stream. On the day of the show, all remote nominees, the host and crew joined the TVU Partyline conference. The nominees were able to join the live show as well as watch it using TVU Partyline’s integrated return video feedback (VFB.)

The award show featured 21 separate award categories. When a category was announced, all of the group’s nominees appeared on screen beside the presenter. The winner was shown full screen and gave their acceptance speech.

Eddie Murphy was honored with the Distinguished Artisan Award, presented by Arsenio Hall, star of Murphy’s recently released movie Coming 2 America.

Additional presenters included: Glenn Close (Hillbilly Elegy), Jennifer Garner (Yes Day), Scarlett Johansson (JoJo Rabbit), (Judith Light (The Politician), Ming-Na Wen (The Mandalorian), Maria Bakalova (Borat Subsequent Moviefilm), Cheryl Burke (Dancing with the Stars), Temuera Morrison (The Mandalorian), Doug Jones (Star Trek: Discovery), A.J. Buckley (SEAL Team), Michael Cohen (Henry Danger), and IATSE International President Matthew L. Loeb.

"This year has been very challenging to build community with our members and keep our spirits up for the future so we are very excited to have the ability to connect virtually using the TVU Networks solutions. We hope everyone had a great experience wherever they viewed our awards event," stated Julie Socash, IATSE Local 706 president.

TVU Partyline, a revolutionary development for social production, enables all members in a remote production environment to communicate seamlessly. It enables production crews, talent and guests to use production tools and collaborate remotely in real time with full HD video quality, perfectly synchronized audio and video and mix minus one audio feedback. Collaboration within Partyline is made possible through the use of a Real Time Interactive Layer (RTIL). With a simple shared URL, participants can join Partyline to watch all program feeds live and interact, discuss and participate in a production in real-time with undetectable latency.

"We’re very excited to see how TVU Partyline has been embraced by the awards community," said TVU Networks’ CEO Paul Shen. "We believe that even when live show production returns to its pre-COVID state, we’ll continue to see virtual participation in a hybrid of virtual and in-person format. TVU Partyline ensures that any remote nominee or honoree who wants to participate, regardless of location, can do so. With just one platform, producers can deliver an engaging live show with perhaps even more nominees than they’d typically have participate."

http://www.tvunetworks.com