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PR Newswire

Hydrexia and NovaAir Sign Memorandum of Understanding for Hydrogen Business Development in India

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NEW DELHI and SHANGHAI, June 24, 2024 /PRNewswire/ — Hydrexia Singapore Pte Ltd, a wholly-owned subsidiary of Hydrexia Holding Limited (Hydrexia), a leading integrated hydrogen solution provider in China, and NovaAir Private Limited (NovaAir), a PAG investee company in India today announced that the two companies have inked a Memorandum of Understanding (MOU) to jointly develop the hydrogen market in India. The cooperation is intended to utilize the combined market skills and technologies of both companies to best meet the hydrogen development needs in India.

Under the scope of the MOU, Hydrexia and NovaAir will work closely to jointly explore potential business projects leveraging NovaAir’s local business development capabilities as well as Hydrexia’s technologies and solutions in hydrogen purifications, hydrogen refueling station (HRS) and hydrogen transportation and storage.

The planned cooperation adds significant values to Hydrexia’s fast-growing market expansion in the Asian market following recent successful business initiatives in the region. The cooperation with NovaAir will further reinforce the strong commitment of Hydrexia to serve hydrogen business needs in the region by collaborating with local partners.

“The MOU adds a new dimension to the rapid growth of our business in Asia. We are extremely happy to work with NovaAir to develop the hydrogen market in India,” said George Gan, the Chief Executive Officer of Hydrexia Southeast Asia. “The new venture will also help us to best utilize our hydrogen technology solutions to serve the needs of our customers in India,” Gan added.

“We are happy to have chosen Hydrexia as our partner to develop the hydrogen market locally. Hydrexia has clearly demonstrated its technological competitiveness to address the market needs,” said Gajanan Nabar, the Managing Director and Chief Executive Officer of NovaAir. “Our combined market skills and technologies will enable us to best serve the needs of the hydrogen market going forward,” Nabar continued.

Hydrexia has been actively expanding its business operation in the hydrogen markets in Southeast Asian countries where its business has been growing rapidly, having secured strategic partnership, joint venture, and business contracts in 2024. Hydrexia is fully committed to serving the technology and solution needs of its customers globally.

[About NovaAir]

NovaAir is a manufacturer and supplier of high-quality industrial gases. Funded by PAG India, NovaAir brings to the table a unique combination of safety, operational reliability and economic efficiency, while supporting the customers with gases in the manufacturing process.

[About Hydrexia]

Hydrexia Holding Limited is a leading integrated hydrogen technology solution provider in China with global reach. The company specializes in providing technology solutions for hydrogen production, storage, transportation, and end-use applications. Leveraging its solid R&D capabilities and industry-leading technology, Hydrexia aims to effectively address the technology and application needs across the global hydrogen industry value chain.

PR Newswire

L’Oréal Big Bang Beauty Tech Innovation Program Ignites Innovation Across North Asia

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Trailblazing Initiative Expands to Hong Kong SAR and Taiwan Region, Cementing L’Oréal’s Leadership in Regional Beauty Tech Open Innovation

SHANGHAI, June 21, 2024 /PRNewswire/ — L’Oréal’s groundbreaking Big Bang Beauty Tech Innovation Program (Big Bang) is now officially active across all of its North Asia markets with the momentous launch in Hong Kong SAR today, ushering in a new era of beauty innovation for consumers in the region and putting L’Oréal North Asia Zone’s “Beauty Triangle” strategy in action. The strategy seeks to maximize synergies and accelerate collaboration, leveraging the unique and powerful North Asia ecosystem and the transversal synergy of China-Beauty, Korea-Beauty and Japan-Beauty.

First launched in Mainland China in 2020, Big Bang embraces open innovation to develop disruptive beauty solutions in partnership with startups and innovators. The program fosters the co-creation and co-development of innovative beauty products and experiences. Its expansion to Japan and Korea in 2023, followed by recent launches in Hong Kong SAR and Taiwan, underscores L’Oréal’s commitment to spearheading cutting-edge beauty solutions throughout North Asia. The program’s success has also inspired its launch in the L’Oréal South Asia Pacific, Middle East, and North Africa region just last month.

Each market tailors its Big Bang program with a unique theme, reflecting regional strengths and fostering local partnerships. L’Oréal Taiwan initiated its recruitment for Big Bang in March, focusing on a “Green Beauty Consumer Journey.” Through collaboration with Taipei Computer Association (TCA), the program champions local sustainability innovations for a circular economy, eco-friendly design, and enhanced consumer engagement.

L’Oréal Hong Kong’s recent launch introduced the city’s first open innovation accelerator dedicated to the beauty industry. Partnering with the Hong Kong Science and Technology Parks Corporation (HKSTP) and Business France Hong Kong, the program prioritizes “Customer Experience Transformation.” The goal is to craft immersive, multi-sensory experiences within brand spaces, elevating customer interactions and bringing brand stories to life in captivating new ways.

L’Oréal Hong Kong Big Bang Launched Activation on June 21, 2024
L’Oréal Hong Kong Big Bang Launched Activation on June 21, 2024

L’Oréal Japan and Korea both celebrated successful first years of the program, with participants gaining significant recognition and several already collaborating with L’Oréal. Building on this momentum, L’Oréal Japan will continue its strategic partnership with the Ministry of Economy, Trade and Industry to advance research and innovation (R&I) in cutting-edge skin and hair care technologies. Similarly, L’Oréal Korea, having formalized its collaboration with the Ministry of SMEs and Startup through an MOU at Viva Tech 2023, will deepen its focus on R&I while expanding the program with a dedicated digital track.

As the origin point of the Big Bang program, L’Oréal China continues its trajectory of impactful progress, covering comprehensive tracks including Future Science, Phygital Consumer, Operation 4.0, Gen AI and Sustainability. Fostering increasingly sophisticated projects and achieving tangible results. This is exemplified by the recent Viva Technology event, where CITIBIOTECH, a French startup specializing in 3D skin printing and winner of the Big Bang China French Channel, signed a strategic MOU with “Oriental Beauty Valley,” a Chinese government-affiliated incubation organization. This partnership will pave the way for CITIBIOTECH’s successful entry into the Chinese market. This milestone represents the first achievement stemming from a partnership agreement signed by L’Oréal, Business France, and the Oriental Beauty Valley during French President Emmanuel Macron’s state visit to China in April 2023. 

Launched in 2021 with Business France as a strategic partner, the Big Bang China French Channel empowers cutting-edge French startups to expand their reach into the Chinese market. It has successfully recruited around 50 French startups to participate in the Big Bang China program by 2023. 

MOU signed between CITIBIOTECH and Oriental Beauty Valley at Viva Tech 2024
MOU signed between CITIBIOTECH and Oriental Beauty Valley at Viva Tech 2024

Since its inception, Big Bang has engaged over 2,000 companies, brought more than 50 business projects to fruition, and fuelled real-world innovation. A prime example is the nanochip technology developed by a previous Big Bang China participant, now featured in Lancôme’s RENERGIE NANO-RESURFACER| 400 BOOSTER, debuting at VivaTech.

Big Bang provides startups and SMEs with an invaluable platform to scale their businesses, connect with government agencies, industry leaders, and investors, and showcase their innovations on a global stage at events like the China International Import Expo (CIIE) and Viva Technology. L’Oréal’s investment in Shinehigh, winner of the 2022 Big Bang China program, exemplifies the company’s dedication to nurturing and accelerating promising beauty tech ventures.

Big Bang Participants Forge Valuable Connections at Exclusive Networking Event
Big Bang Participants Forge Valuable Connections at Exclusive Networking Event

As Big Bang takes root across North Asia, it promises to usher in a new era of beauty innovation, one where technology, creativity and co-creation converge to deliver exceptional and personalized experiences for consumers. L’Oréal is proud to be at the forefront of this exciting evolution, solidifying its position as a beauty tech leader in the region and beyond.

About L’Oréal Groupe

For 115 years, L’Oréal, the world’s leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose, to create the beauty that moves the world, defines our approach to beauty as essential, inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 37 international brands and ambitious sustainability commitments in our L’Oréal for the Future programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality.

With more than 90,000 committed employees, a balanced geographical footprint and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, perfumeries, hair salons, branded and travel retail), in 2023 the Group generated sales amounting to 41.18 billion euros. With 20 research centers across 11 countries around the world and a dedicated Research and Innovation team of over 4,000 scientists and 6,400 Digital talents, L’Oréal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse.

More information on https://www.loreal.com/en/mediaroom

About L’Oréal North Asia Zone

L’Oréal North Asia Zone was established in 2021 as L’Oréal Groupe regrouped the geographical scope of its zones to give greater coherence to consumer behaviour and to create synergy within the region. The North Asia Zone comprises of five geographically and culturally connected markets of Mainland China, Hong Kong SAR, Taiwan Region, Korea and Japan.

L’Oréal North Asia Zone is the second largest region within the Group, accounting for 25.9% of the Group’s global sales in 2023. Situated in the most beauty intense region with more than one-third of the world’s total beauty consumers, L’Oréal North Asia shapes the future of beauty with its innovation centres in Shanghai, Tokyo and Seoul, while investing in beauty tech transformation as one of the three beauty tech hubs globally. Here, our mission is to strategize, create and activate a powerful ecosystem around the North Asia Beauty Triangle as a competitive edge to unleash sustainable growth for all and inspire the world.

About L’Oréal Big Bang Beauty Tech Innovation Program

L’Oreal Big Bang Beauty Tech Innovation Program (Big Bang) is the first regional initiative focused on driving open innovation, inspiration and co-creation of innovative beauty products and experiences.  The program discovers, supports and nurtures promising start-ups and companies with innovative technology that can be scaled regionally and globally. 

PR Newswire

SEMIFIVE Collaborates with OPENEDGES on Chiplet Development

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Developing HPC Chiplet Platform to Feature LPDDR6 Memory Interface

SEOUL, South Korea, June 13, 2024 /PRNewswire/ — SEMIFIVE, a leading design solution provider and pioneer of platform-based custom silicon solutions, announced its agreement of Memorandum of Understanding (MOU) with OPENEDGES Technology (OPENEDGES). This strategic partnership is dedicated to developing an advanced chiplet platform that incorporates OPENEDGES LPDDR6 memory subsystem, which includes DDR memory controller and DDR PHY IPs optimized for the 4nm process node. Leveraging SEMIFIVE’s extensive expertise in SoC design and package development, this collaboration aims to create a high-performance computing (HPC) SoC chiplet platform, setting new standards in the semiconductor industry.

SEMIFIVE’s chiplet platform offers a new paradigm for semiconductor design and manufacturing, promising a significant impact on the market through cost reduction, performance optimization, and development flexibility. This technology will accelerate innovation in the semiconductor industry, meet the needs of diverse customers, and create opportunities for new business models and collaboration across the ecosystem.

OPENEDGES’ silicon-proven LPDDR controller and PHY IPs have played an essential role in enhancing performance, efficiency, and DRAM utilization. These key IPs have been instrumental in achieving successive milestones within SEMIFIVE’s innovative SoC design platforms. Moreover, SEMIFIVE’s optimized SoC design platform is pre-designed and validated on advanced nodes, thereby reducing IP support and SoC design engineering costs while improving overall development efficiency.

Beginning of their partnerships in 2019, OPENEDGES and SEMIFIVE have jointly collaborated to deliver multiple distinct SoC platforms applied across diverse applications, such as AI inference, IoT SoC, and HPC.

“We at OPENEDGES are immensely proud to join forces with SEMIFIVE in pioneering an advanced chiplet platform,” said Sean Lee, CEO of OPENEDGES Technology. “Our IPs are reliable and have consistently demonstrated their capacity to empower our clients, enhancing both efficiency and effectiveness while reducing development risks. We remain steadfast in our commitment to fostering innovation and delivering continued success to our customers.”

“Chiplets with essential features will mark a significant turning point in scalable SoC design,” said Brandon Cho, CEO and co-founder of SEMIFIVE. “OPENEDGES’ LPDDR6 technology will perfectly balance power, bandwidth, and storage for AI HPC memory architecture. SEMIFIVE’s SoC platform, which is already showing over twice the efficiency in cost and development time, will synergize with this technology to greatly impact the custom semiconductor market.”

About SEMIFIVE

SEMIFIVE is the pioneer of platform based SoC design, working with customers to implement innovative ideas into custom silicon in the most efficient way. Our SoC platforms offer a powerful springboard for new chip designs and leverage configurable domain-specific architectures and pre-validated key IP pools. We offer comprehensive spec-to-system capabilities with end-to-end solutions so that custom SoCs can be realized faster, with reduced cost and risks for key applications such as data center or AI-enabled IoT. With a strong partnership with Samsung Foundry as a leading SAFE™ DSP partner, as well as the larger ecosystem, SEMIFIVE provides a one-stop shop solution for any SoC design needs. For more information, please visit www.semifive.com.

About OPENEDGES Technology, Inc.

OPENEDGES Technology, Inc. is a premier provider of memory subsystem IPs for the semiconductor industry. They offer a wide range of state-of-the-art solutions, including DDR memory controllers, DDR PHY, NoC interconnect, and NPU IPs that are widely adopted by customers worldwide. Their IPs comply with JEDEC standards, including LPDDR5X/5/4X/4/3, DDR5/4/3, GDDR6, and HBM3, ensuring their compatibility with the latest DDR technology trends. In 2019, they acquired The Six Semiconductor, Inc. (TSS), specializing in high-speed memory PHYs across multiple technologies. As a publicly listed company on the Korean Stock Exchange Market (394280. KQ), OPENEDGES is well-positioned to continue its growth and maintain its leadership in the memory subsystem IPs market.

PR Newswire

ASPEED Showcases High-Definition AV-over-IP Transmission Solutions and Panoramic Video Conferencing Applications at InfoComm 2024

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LAS VEGAS, June 12, 2024 /PRNewswire/ — ASPEED Technology, the world’s leading supplier of Baseboard Management Controller (BMC) SoC, will participate in InfoComm in Las Vegas, exhibiting a variety of AV-over-IP (AVoIP) series products. These include the AST1530+1535 and AST1630 high-definition video transmission control system SoCs, as well as the AST1532 USB2.0 over IP SoC. The exhibition will also feature the Cupola360 series of video conferencing products, including multi-camera stitching hardware for 360-degree and 180-degree panoramic views, as well as sound bar conferencing equipment. ASPEED Technology is actively integrating the technical advantages of its Cupola360 and AVoIP product lines to create comprehensive image processing and transmission solutions.

ASPEED Technology’s AVoIP SoCs use proprietary image compression algorithms to transmit via network cables or fiber optics, ensuring near-lossless image quality even over long distances with zero latency. The AST1530+1535 HDMI 2.0 AVoIP SoC is designed for high-end professional video and audio transmission applications, offering 4K2K60 high-definition resolution. It supports 1-to-1 AV image transmission control and can utilize existing IP network infrastructure to achieve multi-input to multi-output high-definition video matrix switching and multicast functionality. Additionally, the AST1532 USB 2.0 over IP SoC within the same ecosystem provides USBoIP functionality, supporting bulk and isochronous type USB devices like webcams, as well as Keyboard and Mouse over IP (KMoIP) with hotkey control.

Furthermore, ASPEED Technology will showcase its next-generation AST1630 AV-over-IP extender/splitter SoC, specifically designed for simple professional applications. The AST1630 provides up to 4K60 YUV444 resolution, supporting HDR10/10+, Dolby Vision, and HDCP2.2/2.3, and supports both copper and fiber transmission. It also supports USB 2.0 over IP, including bulk, interrupt, and isochronous types of USB devices such as webcams, audio devices, keyboards, mice, and storage devices, and complies with AES-256 encryption standards.

Since 2023, ASPEED Technology has been in a strategic alliance with Audinate, a leading provider of digital network audio technology, incorporating the Dante® AV-A software solution with the AST1530+1535 AVoIP SoC. This solution has been adopted by several international AV audio-visual giants. Besides its collaboration with Audinate, ASPEED Technology continues to actively expand its AVoIP ecosystem, helping customers reduce integration time and costs while enhancing product value.

In addition, ASPEED Technology has achieved significant success in 360-degree image processing technology and will also showcase the Cupola360 series panoramic video conferencing solutions at InfoComm. With the post-pandemic era encouraging employees to return to offices, the demand for real-time, high-quality video conferencing equipment in meeting rooms with multiple participants and remote clients is increasing. The market increasingly demands wide-angle, easy-to-operate, and high-quality multi-person video conferencing equipment, with higher performance and convenience requirements for sound and image quality.

ASPEED Technology’s Cupola360 multi-camera stitching image processing SoC panoramic video conferencing solution features several key technologies and characteristics. The SoC uses a proprietary multi-camera stitching algorithm to achieve seamless 360-degree panoramic images, providing a distortion-free wide-angle view. The built-in high-performance image processor can simultaneously and instantly process multiple high-resolution image sensors, ensuring image clarity and smoothness, providing the clearest images for participants. To meet video conferencing needs, the Cupola360 SoC optimizes low-latency real-time transmission technology, ensuring no lag during meetings and improving communication efficiency. Additionally, the SoC offers high adaptability and compatibility, functioning either as the main SoC for video conferencing equipment or in combination with other chip platforms, facilitating ODM and brand customization.

In addition to providing critical technologies for video conferencing, the Cupola360 turnkey solution boasts several important features. It offers complete HDK/SDK reference designs, pre-integrated with third parties, saving ODM customers development resources. ASPEED Technology has long collaborated with various lens module manufacturers, introducing relevant calibration and testing environments, offering both standard and customized services. Moreover, Cupola360 has experience assisting customers in passing Microsoft Teams video conferencing software certification, covering image, sound, and system performance testing and certification, ensuring high compatibility and excellent performance.

ASPEED Technology, with years of rich experience in the high-end professional video and audio transmission application market and video conferencing market, is actively integrating the technological advantages of these two major fields, creating interconnected innovative solutions. It provides comprehensive image processing and transmission technology solutions to meet diverse market demands, bringing more value to customers and contributing to the industry’s development.

About ASPEED Technology Inc.

Founded in 2004, ASPEED Technology Inc. is a leading fabless IC design company headquartered in Hsinchu, Taiwan. As a pioneer and leader of cutting-edge SoC solutions with a focus on the niche markets, ASPEED specializes in Cloud & Enterprise Solutions, including Baseboard Management Controller (BMC) SoC, Bridge IC, and PFR SoC, and Smart AV Solutions, including AVoIP SoC, Cupola360 spherical image stitching processor and Cupola360⁺ Software Kit.

ASPEED is devoted to developing innovative technologies to quickly respond to customer needs. In 2016, ASPEED acquired Broadcom’s Emulex Pilot™ remote server management chip business and it’s currently the world’s No. 1 BMC SoC provider. To enter the market of image processing, ASPEED expanded its product portfolio by launching Cupola360 spherical image stitching processor and Cupola360⁺ software solutions in 2018.

Recognized as a trusted and reliable partner for customers, ASPEED has been awarded “Forbes Asia’s 200 Best Under a Billion” for ten consecutive years since 2014. The company was also recognized as “Taiwan Best-in-Class 100” by Taiwan Institute of Directors and CDRC Consulting Group in 2022-2023 and “Best Management Team in Asia” by Institutional Investor in 2023. For more information, please visit www.aspeedtech.com.

About Cupola360 Inc.

Cupola360 Inc., established in 2018, is a subsidiary of ASPEED Technology, a leading IC design company headquartered in Hsinchu, Taiwan. Cupola360 provides comprehensive real-time and AI-friendly 360-degree imaging turnkey solutions, creating a seamless and immersive first-person experience.

By leveraging ASPEED’s Cupola360 Spherical Image Processors, Cupola360 has introduced a range of panoramic cameras and deployment software. The collaboration extends to ecosystem partners, including AI service providers, system integrators, and distributors to introduce solutions for various applications such as smart patrol, smart cities, video conferencing, and more.  For more information, please visit https://cupola360.com/en/.

Source: ASPEED Technology Inc.

PR Newswire

ThroughPut.AI and Inteligistics Announce Strategic Partnership to Transform Agriculture and Fresh Produce Supply Chains

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The Partnership focuses on driving maximum optimization of both the supply chain and interwoven cold chain to improve sales, profit margins, output, safety, and traceability.

PALO ALTO, Calif., May 21, 2024 /PRNewswire/ — ThroughPut Inc., the industrial AI supply chain Decision Intelligence pioneer, and Inteligistics, the leading digital visibility solutions provider for perishable supply chains, today announced a strategic technology alliance to accelerate profitability for the sales of perishable goods. This area is typically plagued by volatile prices and volumes, poor predictions, limited supply chain visibility, and excessive product spoilage. This leads to high rejection and discount rates, and avoidable lost margins. ThroughPut.AI, in collaboration with Inteligistics, will enable growers, suppliers, carriers, distributors, and retailers to significantly improve the efficiency of their supply and cold chain operations, thus ensuring that all fresh products – ranging from berries and vegetables to fish and meat – is sold profitably on-time and in-full for faster, fresher and safer delivery with full supply chain visibility.

Mutual customers introduced ThroughPut.AI and Inteligistics as complementary partners due to ThroughPut.AI’s patented, Gartner-ranked comprehensive Supply Chain Analytics & Decision Intelligence software, with Inteligistics’ industry-leading expertise in supply chain performance, productivity, and sustainability, where both have yielded high-value outcomes for customers, their consumers, and owner-investors across the globe. The two companies also share a common goal of minimizing waste, shrink, unfilled orders, and lost sales.

“We’re delighted to partner with Inteligistics as we look to expand our capabilities for our clients in the critical Food and Agricultural industry. Food and AG supply chains suffer from siloed legacy point solutions that don’t address today’s supply chain networks’ complexity and volatility. To overcome these modern Food and AG supply chain challenges, already existing but disparate data must be tapped into, stitched together, analyzed, visualized, and optimized with Industrial-grade AI for actionable recommendations and better results,” explained Seth Page, COO and Head of Strategic Partnerships of ThroughPut Inc. “By partnering with Inteligistics, we can provide customers with our unprecedented supply chain visibility, actionability, predictions and recommendations into customers’ cold chain operations as part of their larger end-to-end supply chain networks. This allows customers to leverage data at every step of the way to make the right produce available at the right place, at the right time, to the right customer, at the best price, in the correct quantities, and in the safest traceable manner possible.”

“Our partnership with ThroughPut.AI will empower agricultural producers, and buyers to leverage data for timely, intelligent decision-making, while accelerating margins,” said Rao Mandava, CEO and Chairman at Inteligistics. “Our customers will now have a unified common operating picture for a single source of truth for all their perishable inventory, enabling them to reduce risk, increase safety, and unlock new growth opportunities. The data is also available for our recently unveiled 1-Click FSMA 204 Traceability reporting solutions. All our supply and cold chain solutions work with data from a company’s legacy data platforms, including ERP, WMS and procurement systems, eliminating the major operational disruption associated with platform replacement.”

Joint Capabilities

Bringing together ThroughPut’s patented and award-winning AI-powered Supply Chain Advanced Analytics and Decision Intelligence solution with Inteligistics’ innovative supply and cold chain performance improvement capabilities will empower their customers to drive additional value in many key areas including the following:

  • Fill Rate: The joint solution will provide customers with an innovative fill rate model that will enable them to:
    • Dynamically allocate products when farm and producer outputs vary, thus ensuring timely demand fulfillment.
    • Proactively forecast customer demand, pricing, and volumes, as well as leveraging advanced analytics to balance supply with demand on a real-time basis.
    • Tailor fill-rates based on customer segmentation, helping customers to prioritize higher contribution margin product mixes with the best on-time and in-full (OTIF) rates to maximize returns.
  • Scheduling: The combined solution will empower suppliers and buyers to optimize loading facility and cross-docking queuing, slotting, scheduling, loading and usage via:
    • Data-driven recommendations for ideal order fulfillment time-slots based on customer segmentation, available inventory, and priority-based delivery of in-demand products across the supply chain.
    • Ensure necessary labor, docks and slots are available for loading on time to further enhance operational efficiency, greater throughput, higher output, and additional revenue and profit generation.
    • Streamline the scheduling process and maximize order fulfillment while minimizing delays, idle time, and site traffic.
  • Rejection and Discount Rates: Leveraging data inputs from Inteligistics and ThroughPut.AI will deliver fresh Food & Agriculture specific capabilities, including:
    • Actionable insights and recommendations to optimize end-to-end supply chain operations while maintaining traceable product quality and food safety, for a greater bottom-line with enhanced regulatory compliance.
    • Minimize rejection factors by analyzing data on product temperatures, sales history, and movements across supply chain networks to predict the likelihood of rejection or discounts, while reducing rejection rates and discounts in shipments that are fully traceable and quantifiable.
    • Minimize waste and discounts to consumers by managing the inventory from DCs to stores using predictive shelf life and First Expire/First Out distribution.

PR Contact

Tina Jacobs

pr@throughput.ai

About ThroughPut:

ThroughPut.AI is a Silicon Valley-based Supply Chain AI leader that puts Industrial material flows on Autopilot by leveraging existing Enterprise Data to achieve superior Business, Operations, Financial and Sustainability Results. ThroughPut.AI’s patented, Gartner-recognized AI-powered Supply Chain Analytics and Decision Intelligence software platform predicts Demand, reorients Production Capacity, reassigns Warehouse Space, and reorders Materials optimally, so businesses minimize overpromising and under-delivering, and maximize for their desired outcomes. As a rapid diagnostic platform, ThroughPut.AI both improves material flow and free-cash-flow across the entire end-to-end value chain far faster than leading contemporary and legacy solutions could ever imagine. The founding team is led by seasoned serial entrepreneurs with real-world AI, Supply Chain, Manufacturing, Transportation and Operations experience, from the shopfloor to the top-floor, at leading Fortune 500 Industrial Companies & pioneering Enterprise Technology companies that have impacted the world.

To learn more about ThroughPut Inc, visit our website today.

Additional Resources:

About Inteligistics: 

Inteligistics is uniquely placed in perishables industries using Silicon Valley technology and process improvements to bring digital transformation, turn Big Data into clear actions through AI/ML, and deliver high value improvements to supply chain and cold chain performance for perishable commodities. The resulting increase in productivity and reduction in critical cut-to-cool times, resources help meet sustainability goals. Using IoT, off-the-shelf wireless hardware, and proprietary cloud-based applications, Inteligistics develops custom solutions and provides an end-to-end integrated supply chain platform and standalone applications that improve quality, throughput, increase profits and deliver high ROI on the critical process of moving product from field to consumer. Visit inteligistics.com and linkedin.com/company/inteligistics.

Source: ThroughPut Inc.

PR Newswire

Acer Commits to Collecting 50 Tons of Plastic Waste From the Environment Through Plastic Bank Partnership

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Editor’s Summary:

  • Acer partners with Plastic Bank for an Impact Program Partnership to collect 50 tons of ocean-bound plastic[1] in 2024 through its community of collectors in Southeast Asia
  • Through this effort, Acer and Plastic Bank will prevent the equivalent of 2.5 million plastic bottles[2] from entering the ocean, tackling the problem of plastic pollution at the source
  • The partnership also provides support to under-developed communities by allowing residents to collect plastic and trade it for income, goods, and services to support their livelihood

TAIPEI, April 22, 2024 /PRNewswire/ — Echoing this year’s Earth Day theme of “Planet vs Plastics”, Acer has partnered with Plastic Bank and has pledged to collect and recycle at least 50 tons of plastic waste from the environment in 2024. The Canada-based social enterprise focuses on tackling the growing issues of plastic pollution by building recycling ecosystems and creating livelihood opportunities in vulnerable coastal areas.

Acer’s Impact Program Partnership with Plastic Bank is projected to prevent the equivalent of more than 2.5 million plastic bottles[2] from entering the oceans through the efforts of collection members in Southeast Asia. Members bring their collected plastic to Plastic Bank collection branches in exchange for the local market price of the gathered material as well as bonuses that help provide additional income and access to social benefits, like meal vouchers, health insurance, and more.       

Acer’s collaboration with Plastic Bank supports the United Nations Sustainable Development Goals (SDGs) including SDG 1 for no poverty, SDG 8 for decent work and economic growth, SDG 12 for responsible consumption and production, SDG 14 for life below water, and SDG 17 for partnership for the goals.

Acer’s Environmental, Social, and Governance (ESG) goals also include adapting 20-30% Post-Consumer Recycled (PCR) plastic content in computers and displays by 2025 and working towards the goal of net-zero emissions by 2050. Acer has been making strides to incorporate PCR versions of the plastic types used in electronic consumer products with its eco-conscious Vero line, and has reinforced its commitment to carbon neutrality with the launch of its first carbon-neutral PC, the Acer Aspire Vero 16, which debuted in December 2023. Acer will continue to evolve with the industry and changing lifestyles by promoting innovative and eco-conscious solutions for the long-term sustainability of its operations and the environment.

About Acer

Founded in 1976, Acer is one of the world’s top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer’s 7,700 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2024 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

PR Newswire

IHH Healthcare Selects Oracle Exadata Platform to Improve Operational Efficiency and Patient Outcomes

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One of the world’s largest integrated healthcare providers harnesses the power of cloud across Singapore and Malaysia to improve operational efficiency

SINGAPORE, April 17, 2024 /PRNewswire/ — Oracle CloudWorld Tour Singapore — IHH Healthcare (IHH), a world-leading integrated healthcare provider, has selected Oracle Exadata Database Service running on the Oracle Exadata platform to modernize its operations in Singapore and Malaysia, aiming to improve patient services, while maintaining the highest level of patient privacy. To meet the unique local market and regulatory needs, IHH Singapore has migrated its core application workloads to Oracle Exadata Database Service on Oracle Cloud Infrastructure (OCI), while IHH Malaysia migrated its database workloads to Oracle Exadata Cloud@Customer.

IHH is one of the world’s largest healthcare networks with more than 80 hospitals across 10 countries including Singapore and Malaysia. IHH needed a robust database platform to manage massive amounts of data, keep it secure, and use it to improve patient outcomes. IHH Singapore migrated its core application workloads to Oracle Exadata Database Service on OCI including its Electronic Medical Records used by IHH Singapore’s more than 5,000 staff to support its patients, enterprise data warehouse and laboratory information systems. Meanwhile, IHH Malaysia consolidated and migrated its database workloads including its patient management system, appointment booking system, lab information, and billings to Oracle Exadata Cloud@Customer to meet stringent data residency and compliance requirements. By consolidating its disparate on-premises database systems in the cloud, IHH improves patient and clinician user experiences with faster and more reliable access to secure, up-to-date information.

“IHH Healthcare believes in the transformative power of modern technology to enhance patient outcomes,” said Linus Tham, group chief information officer, IHH Healthcare. “With the support of Oracle Exadata Database Service on the Exadata platform in Singapore and Malaysia, we are able to leverage cloud benefits while complying with local regulatory requirements. This migration marks a significant step towards establishing a unified digital healthcare ecosystem, crucial for dismantling data silos, and enhancing data analytics capabilities for our physicians. By alleviating administrative burdens, our physicians can dedicate more attention to patient care. This also aligns with our strategy to use innovative technologies such as AI to deliver world-class healthcare services.”

Oracle Exadata Database Service delivers the versatility of Oracle Database on purpose-built, optimized infrastructure deployed on public and hybrid clouds. Built-in cloud automation, elastic resource scaling, security, and fast performance for all Oracle Database workloads help simplify management and reduce costs. IHH selected the Oracle Exadata platform on OCI and Cloud@Customer deployments for its scalable high performance and integrated high availability, data protection, security, and disaster recovery capabilities which are critical to support continuous operations.

“Today’s healthcare organizations must manage massive amounts of data, keep it secure, and use it to improve patient outcomes, all while keeping costs under control,” said Chin Ying Loong, regional managing director, ASEAN & South Asia Growing Economies (SAGE), Oracle. “Cloud technology serves as the cornerstone for the future of healthcare, facilitating collaboration and unifying data across the healthcare ecosystem. As the need to analyze data in real-time intensifies, the Oracle Exadata platform can provide the industry with high performance database services on OCI or Cloud@Customer options to store, process, and protect patient data.”

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

About Oracle CloudWorld Tour
Oracle CloudWorld Tour is Oracle’s global celebration of customers and partners. Join us to discover the insights you need to tackle your biggest business challenges, build your skills, knowledge, and connections, and learn more about our cloud infrastructure, database, and applications from the people that build and use them. For live keynotes, session details, news and more visit oracle.com/sg/cloudworld-tour/ or oracle.com/apac/news.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

About IHH Healthcare 
A world-leading integrated healthcare provider, IHH believes that making a difference starts with our aspiration to Care. For Good.  

Our team of more than 70,000 people commit to deliver greater good to our patients, our people, the public and our planet, as we live our purpose each day to touch lives and transform care. 

Through our portfolio of trusted brands – Acibadem, Mount Elizabeth, Prince Court, Gleneagles, Fortis, Pantai and Parkway – we offer our patients comprehensive and personalised care ranging from primary to quaternary, and even ancillary services such as laboratory, diagnostics, imaging and rehabilitation. 

With our scale and reach in 10 countries, we continue to raise the bar in healthcare in our key markets of Malaysia, Singapore, Turkiye, India, Greater China (including Hong Kong), and beyond.

In partnership with our stakeholders, we will co-create a sustainable future for all as we work towards our vision to be the world’s most trusted healthcare services network. 

More information can be found at www.ihhhealthcare.com.

PR Newswire

Philippines’ Metrobank partners with CBTW to transform its wealth management technology

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Metrobank and CBTW are implementing Temenos Wealth to improve Metrobank’s operational efficiency, elevate the customer experience, and accelerate business growth.

MANILA, Philippines, March 11, 2024 /PRNewswire/ — Collaboration Betters The World – CBTW, a global tech and business solutions company, announces its strategic partnership with Metrobank, one of the Philippines’ leading universal banks, to assist the Bank in transforming its wealth management technology. CBTW will support Metrobank in enhancing its wealth management services by implementing Temenos Wealth.

With Temenos Wealth, Metrobank gains access to the most complete solution available in the market. The Temenos solution includes wealth analytics with embedded responsible AI, digital onboarding capabilities and self-service functions including robo-advisory and goal-based planning. A key aspect of the selection of Temenos’ advanced technology platform was its composable API-driven architecture which enables extensibility and simple integration with existing third-party applications, helping to reduce cost and risk while increasing business agility.

This move further cements Metrobank’s mark as the preferred partner for High Net Worth and Ultra High Net Worth clients. Known for its dynamic and holistic approach towards wealth management, Metrobank has been recognized as best in class and was recently awarded by Asiamoney as 2023 Best Domestic Private Bank in the Philippines for the second consecutive year and named as the Best Bank for the Ultra-High-Net-Worth clients.

From left: Metrobank Institutional Sales Head - Ric Pedrosa; Metrobank Information Technology Group - Bernie Ramos; Metrobank General Services Group - Christine Yang – Castillo; Metrobank Financial Markets Sector Group Head - Fernand Antonio Tansingco; CBTW APAC CEO - Pieter van Diermen; Temenos Wealth Specialist for Asia Pacific, Middle East and Africa - Eric Mellor; and CBTW Banking Technology Solutions Service Line Leader - Jon May
From left: Metrobank Institutional Sales Head – Ric Pedrosa; Metrobank Information Technology Group – Bernie Ramos; Metrobank General Services Group – Christine Yang – Castillo; Metrobank Financial Markets Sector Group Head – Fernand Antonio Tansingco; CBTW APAC CEO – Pieter van Diermen; Temenos Wealth Specialist for Asia Pacific, Middle East and Africa – Eric Mellor; and CBTW Banking Technology Solutions Service Line Leader – Jon May

Pieter van Diermen, CEO APAC, Collaboration Betters The World – CBTW, said: “With extensive experience in implementing Temenos solutions since 2012, a collaborative ethos, and a highly skilled software engineering team, CBTW is honoured to stand as Metrobank’s preferred partner in driving their digital transformation through the implementation of Temenos Wealth. With a longstanding presence in Manila, Philippines, as well as throughout the APAC region, CBTW is dedicated to delivering exceptional services to bolster Metrobank in their mission to provide an unparalleled banking experience and ensure their customers are in good hands.”

Fernand Antonio Tansingco, Financial Markets Sector Head, Metrobank, said: “We are excited to partner with CBTW and adopt Temenos’ technology to modernize our wealth management capability. As a Bank that prides itself in helping our clients preserve their wealth to build lasting legacies not just for themselves, but also their families, we are always in search for innovative solutions that will allow us to provide a better experience for our clients. With this initiative, we can continue to provide a highly personalized service to our customers.”

Ramki Ramakrishnan, Managing Director – Asia Pacific, Temenos, shared: “We are proud to partner with CBTW to support Metrobank with the digital transformation of their wealth management business. With clients among the largest global financial institutions and boutique firms, Temenos Wealth is the de facto software solution for the private wealth management industry. With proven solutions and a robust presence in the Philippines we are committed to support Metrobank and its future growth.”

About CBTW

Collaboration Betters The World – CBTW a global tech and business solutions company with a presence in 21 countries and a team of more than 3,000 professionals. We operate across nine service lines including Strategy & Governance, Product Design & Growth, Software Engineering, Data Analytics & AI, Cloud & Enterprise Platforms, Cyber Security, Banking Technology Solutions, Smart Industrial Solutions, and Life Sciences Solutions. As a trusted technology partner with over 20 years of experience in the APAC region, we pride ourselves on our ability to offer best-in-class software engineering services and banking technology solutions to help our clients hasten their digital transformation. For more information, please visit https://collaborationbetterstheworld.com/.              

About Metrobank

Metrobank is the country’s second largest private universal bank that empowers both retail and business clients with customized financial products and services fit to help reach their goals and full potential. It has an extensive consolidated network that spans over 940 domestic branches nationwide, more than 2,300 ATMs, and above 30 foreign branches, subsidiaries, and representative offices. The Bank believes that its robust capital position and balance sheet strength will provide ample support as it navigates through uncertain times. Capital ratios are among the highest in the industry, with total CAR at 18.3% and Common Equity Tier 1 (CET1) ratio at 17.4%. Consolidated assets stood at PHP3.1 trillion at the end of December 2023, making it one of the strongest and well-capitalized banks in the country. For more information, please visit: https://metrobank.com.ph. 

About Temenos

Temenos is the world’s leading open platform for composable banking, creating opportunities for over 1.2 billion people around the world every day. We serve 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state-of-the-art customer experiences. The Temenos open platform helps our top-performing clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average. For more information, please visit www.temenos.com.

PR Newswire

AsiaPay and Solaire Resort Entertainment City forge a partnership to enhance their digital payment.

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MANILA, Philippines, March 6, 2024 /PRNewswire/ — AsiaPay, a leading digital payment service and technology provider in Asia, has partnered with Solaire Resort Entertainment City, the premier Filipino integrated resort in the Philippines, to simplify online payments for consumers booking a hotel room in the Philippines.

Through the partnership, AsiaPay’s payment gateway PesoPay has been integrated into Solaire Resort Entertainment City’s online booking engine, providing an automated and secure way for hotel customers to make upfront payments when booking online or via mobile devices. With AsiaPay serving merchants across various industries in the Philippines for over 16 years, both companies aim to provide customers in the Philippines and Asia with a convenient, seamless, and automated room booking and payment experience.

With the integration of payment pipelines aligned with AsiaPay, it is expected to expand further online sales share and boost the overall hotel turnover, said AsiaPay Associate Director Alberto Javier. “For Solaire Resort Entertainment City, the new custom upgrade of the payment system will save on labor costs in order to cope with the new challenges facing the hotel industry. Now, orders from each payment pipeline are streamlined with AsiaPay’s PesoPay payment console and merchant dashboard; operation-wise, queries for detailed order payment information can easily be validated without the need to login repeatedly into multiple consoles. At the same time, hotel customers are now able to quickly verify the order details. This translates to efficiency in customer service and collections, now that the hotel can easily capture the payment online. The payment dashboard’s capability to display all the payments immediately makes reconciliation and dispute management much simpler.”

About AsiaPay

AsiaPay is a leading digital payment service and technology provider in Asia, serving banks and merchants for over 23 years with advanced, safe, and comprehensive e-payment solutions. AsiaPay delivers secure, scalable, and customized payment solutions for all sizes of businesses across various industries in Asia.

About Solaire Resort Entertainment City

Solaire Resort is the first integrated destination resort on an 8.3-hectare site in Manila’s Entertainment City. Solaire boasts 793 luxurious resort-style accommodations in two distinctive towers, extensive dining options, impressive gaming facilities and state-of the art lyric theatre that has changed the way people view resort casinos in Manila. Solaire offers unique experience of comfort, elegance, and luxury, all underlined by the staff’s unparalleled warm Filipino hospitality.

PR Newswire

Locus Robotics Partners With Booktopia To Revolutionise Its Customer Order Fulfilment

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Cutting-edge robotic technology will enhance efficiency and fulfilment speed in Booktopia’s new state-of-the-art customer fulfilment centre

WILMINGTON, Mass., March 6, 2024 /PRNewswire/ — Locus Robotics, a global leader in autonomous mobile robots (AMRs) for fulfilment warehouses, has partnered with leading online Australian book retailer, Booktopia, to enhance its customer order fulfilment processes at its new customer fulfilment centre at South Strathfield in Sydney.

The strategic collaboration marks a significant milestone in Australia’s e-commerce landscape, as Booktopia becomes one of the first companies in the country to leverage the power of Locus AMRs to significantly optimise its order fulfilment processes, enabling a reduction in handling time and faster delivery to customers.

Locus Robotics’ cutting-edge AMR technology will propel Booktopia’s fulfilment operations into the future, increasing efficiency, accuracy, and speed within its new distribution centre. The partnership aims to enhance Booktopia’s existing capabilities while meeting the ever-increasing demands of the online retail landscape. Locus Robotics’ adaptable and intelligent robots have begun seamlessly navigating the warehouse floors, working collaboratively with human counterparts to ensure timely and precise order processing.

Rick Faulk, CEO, Locus Robotics, said: “This partnership reflects Booktopia’s innovative forward-looking view of robotics and automation technology. Booktopia is uniquely positioned to optimise its fulfilment processes and seamlessly scale for growth using our powerful AMR solution. We are thrilled to partner with a leader in Australian e-commerce as they push boundaries through fulfilment automation.”

David Nenke, CEO, Booktopia said: “Our partnership with Locus provides the technology that enables us to take a significant step forward with our customer fulfilment operations and support our overarching commitment to delivering a first class experience for customers looking to buy books and gifts. The Locus team shares our dedication to operational excellence through their cutting-edge capabilities and desire to put the customer first. Thanks to technology like this, we have been able to deliver an even better service for our customers including through the busy festive retail period at the end of 2023.”

This collaboration underscores Booktopia’s commitment to investing in state-of-the-art solutions to support its future aspirations across its ANZ operations and cement its role as a leader in Australia’s e-commerce and logistics landscape.

–ENDS–

About Locus Robotics:
Locus Robotics is a global leader in autonomous mobile robots for fulfilment warehouses. The company’s innovative solutions enhance operational efficiency, increase productivity, and streamline order fulfilment processes. By seamlessly integrating advanced robotics with human expertise, Locus Robotics empowers businesses to meet the challenges of modern commerce head-on.

About Booktopia Group Ltd:
Booktopia is a leading Australian online bookstore, listed on the Australian Stock Exchange (ASX:BKG), selling books, ebooks, etexts, games & puzzles, stationery, e-readers, and audiobooks, delivering to every corner of Australia and New Zealand.

Booktopia has access to over 6 million books in its database and thousands of books in stock and ready to ship from its Sydney distribution centre, offering Australian readers a wide variety of international and local publishers. Proudly locally operated, Booktopia is Australia’s local bookstore.

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For more information or enquiries about Booktopia:

Adam Freedman
Chief Brand and Communications Officer
adamf@booktopia.com.au
0429 493 313

For information or enquiries about Locus Robotics:

Kary Zate
Sr. Director Marketing Communications
kzate@locusrobotics.com
+1-774-249-4477