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PR Newswire

CooTek Announces Entering Into A Combined Financing Package

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SHANGHAI, Jan. 25, 2021 — CooTek (Cayman) Inc. (NYSE: CTK) ("CooTek" or the "Company"), a fast-growing global mobile internet company, today announced that it entered into a combined financing package with YA II PN, Ltd., a Cayman Islands exempt limited partnership managed by Yorkville Advisor Global, LP (the "Purchaser"), including (1) a securities purchase agreement and a convertible note (the "Note") dated January 19, 2021, pursuant to which the Company issued and sold a Note in an aggregate principal amount of US$10.0 million to the Purchaser, and (2) a standby equity distribution agreement (the "SEDA") dated January 22, 2021, pursuant to which the Company would be able to sell up to US$20.0 million of its ADSs solely at the Company’s request any time during the 36 months following the date of the SEDA.

The Note bears interest at a rate of 5% per year, and will mature upon the one-year anniversary of the issuance date, being January 19, 2022 (the "Maturity Date"), unless redeemed or converted in accordance with its terms prior to such date. The principal amount and accrued interest shall be convertible into the Company’s Class A ordinary shares, which may be further converted into American depositary shares of the Company (the "ADSs"). Subject to and upon compliance with the terms of the Note, the Purchaser has the right to convert all or any portion of the outstanding amount under the Note at its option at any time prior to the Maturity Date. The conversion price shall be the lower of (1) US$4.20 per ADS, or (22) 88% of the lowest daily volume weighted average trading price of the Company’s ADSs during the ten consecutive trading days immediately preceding the conversion date or other date of determination, but not lower than the floor price as prescribed in the Note, subject to adjustment from time to time pursuant to the terms and conditions of the Note. The purchaser’s right to convert any portion of the Note or otherwise receive ADSs or Class A ordinary shares thereunder is subject to certain ownership limitations as provided under the Note. Pursuant to the Note, the Purchaser shall not sell such number of ADSs in any calendar month that would result in gross proceeds received by it in excess of the greater of (1) 30% of the dollar trading volume during such calendar month or (2) US$1,700,000, which shall not apply with respect to any sales of the ADSs at prices greater than or equal to US$4.20 per ADS. The Purchaser has also agreed under the securities purchase agreement that it shall not directly or indirectly, engage in any short sales involving the Company’s securities during the period commencing on the date thereof and ending when no convertible note remains outstanding.

Pursuant to the SEDA, the ADSs would be purchased at 90% of the market price, which is defined as the lowest daily volume weighted average price of the Company’s ADSs during the five consecutive trading days commencing on the trading day following the date the Company submits an advance notice to the Purchaser. For each advance notice, the maximum advance amount would be 100% of the average daily value traded of the ADSs during the ten trading days immediately prior to the date of each advance notice, or such other amount as may be agreed by the parties. The purchase would be subject to certain ownership limitations as provided under the SEDA. The Purchaser has agreed that, during the term of the SEDA, neither the Investor nor its affiliates will engage in any short sales or hedging transactions with respect to the Company’s Class A ordinary shares or ADSs.

CooTek intends to use the proceeds from the offering of the Note and the potential offering of the ADSs pursuant to the SEDA for the development of online literature products and for general corporate purposes.

About CooTek (Cayman) Inc.

CooTek is a fast-growing mobile internet company with a global vision. The mission of CooTek 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 and casual games. For details, please visit: https://ir.cootek.com/.

Forward Looking Statements 

This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. CooTek may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about CooTek’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: CooTek’s mission and strategies; future business development, financial conditions and results of operations; the expected growth of the mobile internet industry and mobile advertising industry; the expected growth of mobile advertising; expectations regarding demand for and market acceptance of our products and services; competition in mobile application and advertising industry; relevant government policies and regulations relating to the industry and the development and impacts of COVID-19. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and CooTek does not undertake any obligation to update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes, except as required under applicable laws. Investors should not place undue reliance on forward-looking statements.

For investor enquiries, please contact:

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

ICA (Institutional Capital Advisory)
Mr. Kevin Yang
Phone: +86-021-8028-6033
E-mail: cootek@icaasia.com

Related Links :

https://ir.cootek.com/

PR Newswire

New Zealand team creates world-first innovation in the fight against Coronavirus

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AUCKLAND, New Zealand, Jan. 23, 2021 — Datamine, a New Zealand based AI company, has created ëlarm: a personal early warning indicator for viral infection, including Coronavirus. The ëlarm system overcomes what is arguably our greatest obstacle – viral spread by asymptomatic people who do not know they are infectious. By developing personal baselines of biometric data from smartphones and other wearables (such as Fitbit, Apple Watch and Samsung), ëlarm detects changes to those individual baselines that fit COVID-19 patterns – changes that occur as the body begins fighting viral infection.

"With ëlarm, you can know you’re sick before you feel sick," says ëlarm CEO and founding director of Datamine, Paul O’Connor.

Operating in New Zealand since June 2020, the ëlarm system has been developed to detect Coronavirus cases up to three days before people know they have the lethal virus."Based on our New Zealand success and the extensive data we’ve gathered from clinicians around the world, ëlarm is an accurate predictor of viral symptoms," Mr O’Connor says.

For more information: https://elarm.health/

While ëlarm is not a test and does not provide medical advice, the system alerts users to biometric changes that indicate viral infection and provides relevant World Health Organisation and CDC guidelines. This enables people to proactively get tested and self-isolate before any symptoms appear. This helps prevent the spread of viral infection to loved ones, communities, and workmates.

As opposed to developing technology based on specific smartwatches, ëlarm is ‘device agnostic.’ As a software service, ëlarm can use data from a growing list of wearable devices, and is available worldwide.

"When Covid-19 emerged, we had already created a vault where personal health and wearables data is safely stored and analyzed. We saw that we had the expertise and technology to make a substantial contribution in the fight against Coronavirus," Mr O’Connor explains. "With new Coronavirus strains and possible further mutations, the urgency is to slow the spread of the virus through our global population until a vaccine is available." 

Professor Michael Baker, one of New Zealand’s leading epidemiologists, says there are many useful applications for this technology. "It’s very encouraging that New Zealand is producing exciting innovations of new surveillance tools for tracking people who are potentially infected by Coronavirus and other infectious agents." 

ëlarm is available via the Apple Store and Google Play at www.elarm.health

Related Links :

https://elarm.health/

PR Newswire

Tuya Started the Year with the AI+IoT Business Conference Sharing IoT Insights in Italy and Europe

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DÜSSELDORF, Germany, Jan. 22, 2021 — The year 2021 started directly with the AI+IoT Business Conference Europe, organized by Tuya Smart, a leading IoT development platform. Instead of a one-day event, it is divided into 10 special events, each with a regional focus. The conference kicked off with Italy on January 19, 2021. With the theme "Italy – Game Breaker for Smart Lighting", it provides outlook and insight into the Italian smart lighting market by the Italian industry leaders.

Inside homes, color lights are emerging as a component of wellness connected to the concept of "human central lighting" defined by the European lighting manufacturers associations. The application fields are small systems, composed of less than 100 units, installed in homes and small commercial environments and offices.

While seeing the increased demand for smart lighting, many companies detect the Italian market as one of the most important markets. For example, for Tuya Smart, Italy is in the top 3 in activation and activated devices in Europe, based on the Tuya platform’s data. During the last couple of years, the IoT sector’s market value has been experiencing steady growth in Italy.

AI+IoT Business Conference — TED-Style Tour Events (Europe | Online) Italy
AI+IoT Business Conference — TED-Style Tour Events (Europe | Online) Italy

IoT Air Sanitizers

Since the advent of COVID-19, Beghelli Group has recently added a family of air sanitizers specifically designed to fight the virus and reduce the spread of the infection. Many models integrate IoT devices based on Wi-Fi communication capability to enable their remote control.

The SanificaAria air sterilizers are special devices using ultraviolet light, which is confined inside the devices, with no possible harm for the users, for the ambient air’s disinfection. The air is conveyed into the disinfection chamber by some fans. All microorganisms are deactivated by the UVC light at 254nm. Each SanificaAria device is Wi-Fi connected by a Tuya radio module to enable its remote control through the IoT platform’s functions.

Lighting as Part of a Complete Ecosystem Solution

Emanuele Monti, Vice General Manager of Kon.El.Co. S.p.A., who has launched the smart home product line "HeySmart" in 2018, detects lighting as a core part of a complete solution, next to video-surveillance and automation. A solution comprehensive of a well-defined and complete ecosystem for the end-user. To do so, the benefit lies in combining different brands of the own-brand family. Now offering almost 50 products, such as cameras, lighting devices such as led strips, and all kinds of bulbs, offer smart plugs, smart multi-plugs, and IR controllers in the automation sector.

And the demand in the smart home category is constantly increasing, despite the COVID-19 pandemic. Monti certainly declared that 2020 had been the year in which the HeySmart project has established its position in the market, reaching today over 40,000 registered devices within the App. More than 30,000 only during this year, which are very significant numbers. About 30,000 devices are constantly connected and active. But the smart home market in Italy is just at its beginning, as Monti projected a growth curve, from now to the end of 2021, to reach over 70,000 devices in the market, actively and constantly connected.

For more information: https://www.tuya.com/event/abc/eur 

About Tuya Smart

Tuya Smart is a leading global IoT development platform with a unique, all-in-one offering of cloud + connectivity + app that makes it easy and affordable for brands, retailers, and OEMs to make their products smart. Tuya’s platform has smart-enabled more than 200,000 products in hundreds of categories worldwide, serving over 230,000 developers globally. Tuya is internationally operated with headquarters in the U.S., Germany, India, Japan, Colombia, and China.

PR Newswire

FirstString – The Recruitment App Built By HokuApps Helping Job Seekers During COVID-19

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FirstString Specializes in Connecting Life Science Professionals with Top-Tier Companies

ATHENS, Ga., Jan. 22, 2021 — In an effort to overcome the new challenges to the corporate and hospital hiring process due to the COVID-19 pandemic, Singapore’s leading app company, HokuApps, has developed and deployed an innovative app for Georgia-based recruitment firm, Career Crafters, LLC. Since its launch, the app, FirstString, has proven to be an essential tool for Career Crafters – and an opportunity to maintain a human connection in a rapidly-distancing world. Career Crafters’ FirstString mobile employment app connects selected high-performing Pharmaceutical and Biotech commercial individuals to top-tier Health Science companies. It also provides a critical need during the pandemic of connecting hospitals to residents and other healthcare professionals who are looking for their first job to help an already overburdened healthcare system. The app is designed to take away bias and adds transparency to the job search process by allowing individuals the opportunity to provide a video resume and tell their own story of success and accomplishment.

FirstString was engineered to serve as a complementary tool for corporate HR and Talent Acquisition teams. It provides confidential portal access to two types of candidates: those that have been professionally sourced and screened, and those that have appropriate experience and documentable performance. FirstString provides this premium service at a fraction of the cost of a traditional recruiter with an absolute guarantee for every placement.

One of the key aspects of FirstString for job seekers is the fact that it’s one of the only career connection platforms which is completely confidential – employers can only see a profile if they receive permission from the job seeker. So, this enables job seekers to search for a new job while employed in complete security. Interviews with potential employers can be easily scheduled through the app and job offers are sent directly in real-time. Additionally, it offers valuable resources to job seekers such as professional interview coaching, the option to upload video recommendations from previous customers and employers, and in-app resume assistance to help stand out from the crowd. FirstString is also the first platform to offer secure storage of your professional portfolio, including your Bragg Book, licensing, and video references to be easily accessed by future employers.

For recruiters, it provides a confidential portal with features such as the ability to securely import candidates, post-screening notes of vetted candidates for employers, and easy tracking of candidate interviews with instant alerts when they are scheduled along with progress reports at every step of the hiring process. All of these assets are provided without a contract with the employer.

"HokuApps has been great to work with", said Barry Jones, Founder of FirstString. "All of our goals and functionalities were combined into an efficient and also great-looking app. Along the way, they suggested some features that we hadn’t thought about ourselves. We highly recommend them for anyone’s mobile development needs."

"FirstString makes job searching much simpler and also discreet for the high-level life science professionals", said Nand Kapoor, Director of HokuApps, LLC. "But it is much more than just a job search board. FirstString approached us with the plan to create a comprehensive career advancement tool with features such as resume assistance, interview coaching, and even career path validation services."

About HokuApps

HokuApps helps businesses to turn their business ideas into elegant mobile applications at an incredible speed. HokuApps develops the most technologically advanced and secure omnichannel applications, with an excellent user experience, empower employees with actionable insights wherever they are and whenever they need it. It helps seamlessly connect to anything and everything, build an app once, and deploy on all the platforms.

PR Newswire

realme upends the mobile industry with awards-laden 2020, demonstrating the value of effective leadership

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SHENZHEN, China, Jan. 21, 2021 — 2021–2020 was a year to remember for realme as it scooped up awards and international fame for its quality products and business milestones. realme’s success in 2020 showcased real strength in all areas as it not only navigated 2020, but expanded against industry expectations.

Much of realme’s commercial, corporate and innovative success is attributed to a clear and precise vision to provide cutting-edge technology and trendsetting design altogether in one package, and more importantly, the affiliation of the company to its target consumers, global youths between the ages of 18 to 25, by sharing the same brand values as them. Underpinned by strong support, realme has gained 17 brand awards, 159 product awards and 5 top tier design awards around the world in 2020.

At a global level, the youthful team led by founder and CEO Sky Li has lived out its values, and evidently so as the median age of the employees is only 29 years old. This has enabled the team to claim Brand of the Year across the world in Indonesia, India, Egypt, Poland and Pakistan awarded by notable organizations and media in these countries. realme has also achieved Top 5 in market share in 12 countries, and has expanded to 61 markets globally. These milestones reflect reports and features by notable media and research organizations. Counterpoint Research has hailed realme to be the ‘fastest-growing smartphone brand in the world’ and the esteemed Financial Times have affirmed that the company commands a leading position across Asia Pacific.

One major milestone has in 2020 has been one for the history books, as realme officially became the fastest company to reach 50M shipments, according to Counterpoint Research. realme, whose slogan is ‘Dare to Leap’, adopts a strategy of selling leapfrog performance and trendsetting design-driven quality products that resonate with its young crowd at an affordable and attractive price points. "At realme, we live out our philosophy, which is to dare to leap into the forefront of innovation, design and product value, which is something young people can identify with,’ says Sky Li, realme’s CEO. realme’s trendsetting image and product reputation has contributed to building customer trust and brand awareness, making this achievement not just a one-off anomaly but rather something we can come to expect of the young company.

realme’s products have gained acclaim from India to Poland to Egypt. With over 160 awards for its products globally, one of realme’s cornerstones is to focus on product development and attune it to consumer desires and demands. This is evident as realme has won more than 17 awards given by youths in 3 different continents, clearly showing that realme is the first choice as rated by youths globally.

realme’s achievements have also been pleasing to the eye, and this has not gone unnoticed by the international design community. Though young, realme has won five top international design awards such as the Good Design Award 2020 for three different products, the Red Dot Design Award for the realme X2 Pro, the Golden Pin Award and more. World class design is augmented by cutting-edge technology as realme was also the first brand to introduce 5G technology to many markets within competitive price ranges, such as a global launch of the realme 7 5G, which costs less than US$300. Well-known mobile authority GSM Arena has rated realme the first midrange all-rounder mobile phone for 2020.

This strategy and market leadership is heartily affirmed the company’s consumers: In India, realme sold over 1 million smart individual audio devices, reaching third spot in market share in Q2 2020 as a new entrant. With such strong momentum gained in 2020, realme is poised to leap into 2021 even stronger and faster as a rising new force, disrupting the industry.

About realme

realme is a technology brand that brings trendsetting smartphones and AIoT products to the global market. realme users are young and globally-minded. They ‘Dare to Leap’, empowered by the latest in technology and design.

realme is recognized as one of the mainstream smartphone brands according to Counterpoint’s statistics of global smartphone shipments in Q3 2020, which ranks it at 7th in the world. In 2019, realme’s global smartphone shipments reached 25 million with a YoY growth rate of 808%, making realme the fastest-growing smartphone brand in the world for four consecutive quarters from Q3 2019 to Q2 2020. realme has entered 61 markets worldwide, including China, Southeast Asia, South Asia, Europe, Russia, Australia, Middle East, Africa with a global user base of over 50 million.

For more information, please contact
Wen, WU
Head of Corporate Public Relations
wuwen@realme.com (+86 158 1058 0696)
or go to www.realme.com

PR Newswire

A dark horse contender in the wearables market, realme breaks into the Top 10 TWS brand in terms of global market share

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SHENZHEN, China, Jan. 21, 2021 — realme, the fastest-growing smartphone brand in the world, recently broke into the Top 10 TWS brands in terms of shipments for Q3 2020, according to Counterpoint Research. This was one important piece of good news onto what has been an excellent year for the brand, as it exceed expectations on the corporate, product and design fronts respectively. In its release, Counterpoint highlighted the possibility that ‘realme could repeat its smartphone success to become 2021’s dark horse in wearables.’

TWS Shipments,Q3 2020
TWS Shipments,Q3 2020

In the true wireless stereo hearables (TWS) market, realme has garnered 2% of the global market share. This is merely one step in the realme’s stategy to foster new companies and ideas, to participate in co-creation and scale innovative AIoT products. To this end, realme will launch its own AIot platform TechLife in 2021, aiming to bring a more cohesive and integrated smart living lifestyle to youths of today, allowing for greater communication and collaboration for users.

realme will build on its strong performance in 2020 to deliver a even stronger result in 2021. Just like its user base of youths between 18 to 25, realme looks to dream big and leap into the future with confidence. Already a Top 5 brand in 12 different countries, realme aims to develop AIoT ecosystems to cater to Individual, Family and Travel groups under the realme brand.

About realme

realme is a technology brand that brings trendsetting smartphones and AIoT products to the global market. realme users are young and globally-minded. They ‘Dare to Leap’, empowered by the latest in technology and design.

realme is recognized as one of the mainstream smartphone brands according to Counterpoint’s statistics of global smartphone shipments in Q3 2020, which ranks it at 7th in the world. In 2019, realme’s global smartphone shipments reached 25 million with a YoY growth rate of 808%, making realme the fastest-growing smartphone brand in the world for four consecutive quarters from Q3 2019 to Q2 2020. realme has entered 61 markets worldwide, including China, Southeast Asia, South Asia, Europe, Russia, Australia, Middle East, Africa with a global user base of over 50 million.

For more information, please contact:

Wen, WU
Head of Corporate Public Relations
wuwen@realme.com (+86 158 1058 0696)
or go to www.realme.com.

PR Newswire

TCL Wins Multiple Awards, Features in Leading Tech Publications at CES 2021

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SHENZHEN, China, Jan. 20, 2021 — TCL, a global leading intelligent technology company, reaffirmed the position of its innovative products in the global market by winning a number of awards and featuring in some of the world’s best tech publications at the recent CES 2021.

The all-digital CES 2021 showcased companies including manufacturers, developers and suppliers of consumer technology hardware, content, technology delivery systems and more.

At CES 2021, TCL showed it is one of the most innovative companies in the market. The company presented TCL CSOT’s  17-inch Printed OLED Scrolling Display and 6.7-inch AMOLED Rollable Display, along with TCL’s newest Mini-LED, QLED and 4K HDR TVs, and TCL 20 series smartphones, etc. TCL won multiple awards and recognitions for these innovative products from top media outlets like CNET, Newsweek, USA Today’s Reviewed.com, WIRED, TechRadar, Engadget and more.

With TCL’s AIPQ upscaling engine, Mini-LED backlights and the Roku operating system, the TCL 6-series Roku TV was covered by TechRadar, "Hottest of CES 2021"; WIRED, "The Best of CES 2021" and many more; The TCL XL Collection was covered by Newsweek, "Best of CES 2021: The 25 Best New Products, Gadgets and Tech".

This year TCL will introduce the high-performance and ultra-slim TCL TVs that feature brilliant ultra slim OD Zero Mini LED technology, which provides users with a richer colour layer, more depth of details and an unrivalled viewing experience of striking and uniform brightness.

8K 6-Series TCL Roku TV
8K 6-Series TCL Roku TV

TCL also unveiled its all-new TCL 20 Series lineup of smartphones with enhanced NXTVISION 2.0 display technology at CES 2021. The TCL 20 5G, which features a larger 6.67-inch FHD+ Dotch display, is designed for those seeking powerful 5G performance along with an enhanced display and video streaming experience. The TCL 20 5G smartphone won "Best Affordable Phone" from Android Authority, "Best Phone/Mobile Device" from Engadget and "Feature in Best of CES" from Android Headlines. The TCL 10 5G UW was covered by Twice in "Picks Awards Winner for CES 2021" and named as an CES 2021 innovation awards honoree.

Further, TCL NXTPAPER, TCL’s brand-new display technology, is the first tablet to utilize a highly transflective screen to create a colourful, paper-like reading experience, and it allows the user to watch videos or play games. TCL NXTPAPER tablet won the "Editor’s Choice Award" from USA Today’s Reviewed.com, a leading consumer product review website, and a "Technical Excellence Award" from PCMag. It was also featured in articles in Digital Trends and TechRadar.

TCL 20 5G
TCL 20 5G

Other products covered by leading tech publications include the TCL Wearable Display in the "Presenting the Best of CES 2021 finalists!" article in Engadget, TCL CSOT AMOLED Rollable Display mentioned by WIRED in its "The Best of CES 2021-Best in Mobile" article.

TCL AMOLED Rollable Display
TCL AMOLED Rollable Display

TCL continues to adhere to its mission of "Making Life Intelligent with Innovative Technology", and the Company will strive to maintain its position as a leader in the global electronics market with its next-gen products.

About TCL

TCL is a multi-national technology brand, founded in 1981.

In 2019, TCL was restructured into two entities, namely TCL Technology Group Corporation and TCL Industrial Holdings. TCL Technology focuses on the semiconductor display and materials industry (with TCL CSOT being a subsidiary), while TCL Industrials focuses on consumer electronics products, including TVs, mobiles, washing machines, refrigerators, air-conditioners, and small electrical appliances.

PR Newswire

LTI USD Revenues grow 5.8% QoQ and 8.5% YoY; Net Profit up by 37.9% YoY

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Earnings Release and Fact Sheet Third Quarter, Fiscal 2021

MUMBAI, India, Jan. 20, 2021 — Larsen & Toubro Infotech (BSE code: 540005) (NSE: LTI), a global technology consulting and digital solutions company, announced its Q3 FY21 results today.

In US Dollars:

  • Revenue at USD 427.8 million; increase of 5.8% QoQ and 8.5% YoY
  • Constant Currency Revenue increase of 5.3% QoQ and 7.4% YoY

In Indian Rupees:

  • Revenue at INR 31,528 million; increase of 5.1% QoQ and growth of 12.2% YoY
  • Net Income at INR 5,193 million; increase of 13.7% QoQ and growth of 37.9% YoY

"We are pleased to deliver a strong quarter with 5.8% QoQ growth in USD revenues. This has been driven by healthy growth momentum across our portfolio. We continue to see strong demand for cloud-based IT solutions. Our tier 1 level partnership with the hyperscalers enables us to work closely on client outcomes and go-to-market opportunities.

"We are happy to announce two large deals with cumulative net new TCV of USD 278 million. We remain focused on building and scaling differentiated capabilities. A healthy deal pipeline and sustained client mining make us optimistic about the future."

– Sanjay Jalona, Chief Executive Officer and Managing Director, LTI

Recent Deal Wins

  • A UAE-based leader in digital transformation has selected LTI as its partner of choice to provide infrastructure and application operations support and maintenance for its existing and new customers. As part of the deal, LTI will also partner with end customers on their journey to cloud and transform operations to bring in best-shoring and automation.
  • A Global Fortune 500 energy company has chosen LTI as its primary partner for an application managed services agreement to create and consolidate a business-aligned IT services delivery platform across the organization and reduce total cost of ownership.
  • A company located in the U.S providing leading data-driven marketing, loyalty and payment solutions has selected LTI for customer-centric digital transformation initiatives to enhance customer experience, brand reputation, customer acquisition and retention and reduction in costs by virtue of streamlined operations.
  • An engineering, construction and mining company located in South East Asia has partnered with LTI to transform its procurement, sales, bidding, contracting and analytics functions using SAP to enable operational excellence, ensure data-driven insights and informed decision making across the organization.
  • LTI executed a license sale agreement for AI, Decisions and Catalog products on its Mosaic platform with a multinational banking and financial services company to bring about efficiency in their reporting with the regulators. Mosaic will serve as a unified data analytics platform enabling consolidation of all credit risk models and will be hosted in a hybrid cloud setup. As a part of the deal, LTI will be a one-stop shop providing the product as well as handling, deploying, integrating and testing services.
  • A leading European financial services firm has chosen LTI to manage its infrastructure operations through a leaner operating model and by leveraging the Mosaic platform to drive automation.
  • A leading commercial property and casualty insurance group based in Canada has selected LTI to consolidate and transform its policy administration systems and processes onto the Duck Creek platform to ensure streamlining of its operations.
  • A U.S. based real estate investment company has chosen LTI for providing application support, maintenance and development services along with key implementation initiatives to drive cost optimization and digital transformation.

Awards and Recognitions

  • LTI Recognized as a Leader in the ISG Provider Lens™ Digital Business – Solutions and Service Partners Report, US 2020
  • LTI Recognized as Leader and Star Performer in Everest Group’s Application and Digital Services in Capital Markets PEAK Matrix® Assessment 2021
  • LTI positioned in "Leaders" Quadrant within NelsonHall’s Software Testing: Quality Engineering NEAT 2020
  • LTI Recognized as a Leader in the ISG Provider Lens™ Public Cloud — Solutions and Services Report, Nordics 2020
  • LTI recognized as a Leader in Everest Group Insurance Business Model Innovation Enablement Services PEAK Matrix® Assessment 2021

Other Business Highlights

  • LTI won in the Outstanding Value Category at the Honda Indirect Procurement Supplier 2020 Awards, US. The outstanding value category acknowledges suppliers providing the most value to Honda by recognizing the total cost of ownership
  • LTI is now an "Elite" level partner of Snowflake, the data cloud company. LTI has also become the maiden partner for Snowcase – a program that Snowflake is launching to develop and market industry-specific solutions to accelerate cloud data transformation journey of enterprises
  • LTI is now a "Premier" level partner of Google Cloud
  • LTI is now a "Platinum" tier partner of IBM
  • LTI has partnered with Temenos to launch a Digital Banking Platform in the Nordic region
  • LTI was ranked among the top 50 companies (Rating "A") in the BW BusinessWorld India rankings for Most Sustainable Companies 2020

About LTI

LTI (NSE: LTI) is a global technology consulting and digital solutions company helping more than 400 clients succeed in a converging world. With operations in 31 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 30,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees and shareholders. Find more at http://www.lntinfotech.com or follow us at @LTI_Global.

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Related Links :

https://www.lntinfotech.com

PR Newswire

CricketPang Kindergarten, an educational app by You Need Character, exceeds 60,000 downloads a month after launch.

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– The CricketPang Kindergarten App utilizes the characters from CricketPang, an animation to be aired next month, for an app filled with educational content for children.

– Including contents created by excerpts specializing in educational content for children.

SEOUL, South Korea, Jan. 18, 2021 — YOU NEED CHARACTER, an animations and educational content production company, has launched CricketPang Kindergarten App, which has education contented curated from kindergarten curriculums. 

The CricketPang Kindergarten App has recently passed 60,000 downloads in a month since its launch, which confirms the demand for such services and a need to start expanding the platform.

YOU NEED CHARACTER was established in 2017 by Mr. SONG Minsu, who has built experience in the animation business for 15 years. The business is making forays into markets worldwide with a variety of contents for children’s education, composed of different themes and creative ideas.

CricketPang Kindergarten App uses the character IP of Cricket Pang, an animation to be aired on major TVs and OTTs worldwide next month. The content of the app was made by experts specializing in the education of young children.

–       CricketPang Kindergarten App can be used by young children of different ages. The content is expected to keep children interested by combining character animation with the education materials fit for kindergarteners.

"CricketPang Kindergarten App is an educational app for kindergarten- aged children that use the CricketPang character IP. We created content that is easy and interesting for kids to enjoy learning," said President Minsu Song of YOU NEED CHARACTER.

CricketPang Kindergarten is available at Google/Apple APP Store and was introduced to the Indian market currently available for download. The app is expected to set a new education trend where children can learn while playing. Business watchers expect CricketPang Kindergarten App and the CricketPang Animation (which will be aired on TV and OTT channel next month), to do well in India.

<About YOU NEED CHARACTER Co., Ltd.>

The business was established in 2017 by President Minsu Song, (who has built experience in the animation business for 15 years) and other content production experts. They are making forays into markets worldwide with a variety of contents, as a producer of character animations and educational content for children.

https://www.cricketpang.com

PR Newswire

Dada Group’s JDDJ Announces New Partnerships with More Than 20 Leading Regional Supermarket Chains in China

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SHANGHAI, Jan. 15, 2021 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, announced that Dada’s local on-demand retail platform, JD Daojia ("JDDJ") has accelerated its geographic expansion into lower-tier markets and established new partnerships with more than 20 regional supermarket leaders including Ouya Supermarket, Zhenhua Supermarket, Sanhe Supermarket, Zhebei Supermarket, Guihe Supermarket and Sifang Street in late 2020.

With the formation of these agreements, JDDJ have established partnerships with more than 2/3 of the Top 100 supermarket chains in China. In addition to signing new partnerships in 2020, JDDJ also strengthened existing partnerships with other leading retailers and grocers including Walmart, Yonghui Supermarket and CR Vanguard. JDDJ ranks first in market share for supermarket O2O platforms in China and has helped consumers across the country enjoy quality products and reliable one-hour delivery services.

JDDJ's posters at a Zhenhua Supermarket
JDDJ’s posters at a Zhenhua Supermarket

Huijian He, the Vice President of Dada Group, said, "The lower-tier market has become a major growth driver and an important part of our development strategy for JDDJ. The platform will continue to accelerate business expansion into lower-tier cities and establish partnerships with more of China’s top supermarkets and regional leaders to jointly develop the local on-demand retail market, bringing one-hour delivery to more consumers in lower-tier cities."

As of September 30, 2020, JDDJ’s local on-demand retail service covered approximately 1,200 cities and counties in China, and Dada Now, the local on-demand delivery platform, served more than 2,600 cities and counties. Leveraging its retail, logistics and digital empowerment capabilities, Dada Group has promoted digital transformation, empowering supermarkets and other retailers to help them achieve online-offline integration and improve sales. Since partnering with Dada in 2020, Ouya and Zhenhua have benefited greatly from their collaboration with Dada:

  • Ouya Supermarket: Dada’s Haibo system has also offered Ouya omni-channel digital solutions that integrate product management, user operation, fulfillment optimization, marketing events, and data boards. Moreover, Ouya’s membership service was launched on the JDDJ platform to synchronize the benefits of online and offline membership. To date, Ouya locations in Changchun, Jilin Province, have been integrated into JDDJ platform.
  • Zhenhua Supermarket: Dada and Zhenhua have collaborated on multiple initiatives including marketing events and product management. To date, Zhenhua’s stores in Qingdao and Yantai have been integrated on JDDJ and all stores in the Shandong Province, including those in Liaocheng, Weihai, Weifang, Linyi and Dongying, as well as stores in Hebei Province will launch on the platform by mid-2021.

Yuehua Shi, the General Manager of Zhenhua Supermarket, said, "Digitization is the prevailing trend of Chinese retail. Through JDDJ’s digital empowerment capabilities, Zhenhua Supermarket will further enhance its marketing campaign and product management, acquiring online users and achieving rapid growth through O2O channels. With our deep expertise in the market of Shandong Province, Zhenhua Supermarket looks forward to working with JDDJ to develop the local market and provide consumers with a more convenient on-demand shopping experience."

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company’s two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA."

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