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PR Newswire

Recon Updates Progress on its Technology-Driven Solutions for Electric Submersible Progressing Cavity Pump with $5 Million Orders Secured

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BEIJING, June 11, 2021 — Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that its subsidiary, Beijing BHD Petroleum Technology Limited, signed two contracts with North China E&P Company (the "North China Branch") of China Petroleum & Chemical Corporation ("Sinopec"). Pursuant to these two contracts, the Company has provided technical service with ultra-deep electric submersible progressing cavity pump ("ESPCP") to one gas well at the Dongsheng Field of the Second Gas Production Plant (the "Plant No. 2") of the North China Branch and will provide the same service to another gas well at the Plant No. 2. Total amount of these two contracts is RMB 3,277,000 (approximately $0.51 million).

Management Statement

"We are extremely excited to make more breakthroughs in the ultra-deep submersible progressing cavity pump business," said Mr. Guangqiang Chen, founder and CTO of Recon, "Since last year when we signed a contract with the North China Branch and completed our first trial, we have now signed service contracts for RMB5.077 million (approximately $0.8 million) with the North China Branch for three gas wells. We are in the process of communicating with the North China Branch for ESPCP and related services for 15 more wells and expect to complete services by the end of calendar year 2021. Added together, we expect these services will bring us about $5 million of income."

Mr. Chen continued, "Beyond our own AI-based technology, we further integrated and upgraded downhole gas-liquid separation metering technology with equipment such as the ultra-deep screw pump from National Oilwell Varco Inc. (NYSE: NOV) and the downhole multi-parameter sensing devices from Power Max Petroleum Technologies Ltd, a Canada based company. We completed the construction for one gas well at Plant No. 2 with our comprehensive solution by April 16, 2021. According to our observation and testing for almost two months, the drainage and gas boosting effect has been stable, and the production status of the whole set of equipment has been reliable. Without this solution, submersible pumps used by oil companies generally have a working life cycle of only three months, after which time sand jams and equipment wear tend to result in interruption of gas well production. As a result, oil and gas companies incur costly inspection and repair fees. Our solution is expected to guarantee stable operation for more than one year, thus saving the high inspection and repair service costs, equipment and accessories replacement costs, electricity costs and sewage treatment costs. Taken together, our solution can help our clients increase their margin by up to 40%. We held an on-site technical exchange and promotion meeting with the North China Branch on May 20, 2021 and we were told that the North China Branch will promote our ultra-deep screw pump same well recovery and injection technology to all the new gas wells to be invested by the North China Branch. In the future, we plan to continue upgrading our technology in the same well recovery and injection business to provide more value-added services to our clients, and bring more long term returns to the Company."

About Recon Technology, Ltd

Recon Technology, Ltd (NASDAQ: Recon) is China’s first listed non-state owned oil and gas field service company on NASDAQ. Recon supplies China’s largest oil exploration companies, Sinopec (NYSE: SNP) and The China National Petroleum Corporation ("CNPC"), with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, Recon has taken leading positions on several segmented markets of the oil and gas filed service industry. Recon also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: www.recon.cn.

Forward Looking Statements 

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, whether we will sign any additional contracts with the North China Branch, the final revenue from providing services to the North China Branch, actual results of our solutions in the field, levels of spending in our industry as well as consumer confidence generally; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

For more information, please contact:

Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5188
Email: info@recon.cn

Related Links :

http://www.recon.cn/

PR Newswire

Announcement of change in the total number of votes in AB SKF

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GOTHENBURG, Sweden, May 31, 2021 — Due to a conversion of shares from Series A to Series B in accordance with AB SKF’s Articles of Association, the Company confirms the following.

As per 31 May, the Company’s share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 30,819,375 shares of Series A and 424,531,693 shares of Series B. The number of votes in the Company amounts to 73,272,544.3.

AB SKF does not hold any own shares.

Aktiebolaget SKF (publ)

This is information that AB SKF is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 8:00 CET on 31 May 2021.

For further information, please contact:

PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com

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20210531 Announcement of change in the total number of votes in AB SKF

 

PR Newswire

Interactive Events To Raise Funds for the Fight Against Childhood Cancer

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STOCKHOLM, May 21, 2021 — Cupcake-making, trail-running races, dog training, and a three-hour live meditation are among the events scheduled during the Week of Hope by Bambuser. From 24-30 May, anyone can arrange almost anything to support the fight against childhood cancer. Even before the start, the event has nearly reached its fundraising goal – one million kronor.

Since 1982, The Swedish Childhood Cancer Fund, or Barncancerfonden, has been helping more children survive cancer while bringing affected families the care and support they need. Thanks to generous contributions from in STOCKHOLM dividuals, companies, and organizations, the Childhood Cancer Fund is the single largest funder of childhood cancer research in Sweden.

"Every day, a child in Sweden falls ill with cancer, and today, 85 percent survive. It is our goal to not just increase this survival rate, but help these children get through their illnesses with as few long-term side effects as possible. During the Week of Hope, we are asking the public to join our commitment to raising money for childhood cancer research and supporting our initiatives for these children and their families," says Malin Paulsson, project manager for Week of Hope at the Childhood Cancer Fund.

Week of Hope by Bambuser is a new initiative from the Swedish Childhood Cancer Fund. During the week from 24-30 May, individuals and companies can participate in or create their own activities based entirely on their preferences, interests and prevailing COVID restrictions.

Week of Hope is being conducted in collaboration with Bambuser, and all participation fees will be contributed to the Childhood Cancer Fund to continue the organization’s work. Even before the event’s start, the initiative has nearly reached the fundraising goal of one million kronor.

Among the week’s many activities will be two interactive live shows benefiting the Childhood Cancer Fund’s important work. With the help of Bambuser’s technology, visitors to the Childhood Cancer Fund’s website will be able to follow the live broadcast, interact via likes and live chat, and give a gift – completely frictionless.

"Childhood cancer is, unfortunately, the most common cause of death in children aged 1-14 years. We are honored to support the Swedish Childhood Cancer Fund’s important work and are pleased to see our technology make a significant contribution, helping to spread the message and intensifying the fundraising work," says Maryam Ghahremani, CEO of Bambuser.

In the live shows, viewers and donors will be able to follow a digital lecture on reducing food waste at home with Filip Lundin from Sopköket. In addition, an evening is offered in the candy kitchen together with Sebastien Boudet and Sara Aasum Hultberg. The live shows will be broadcast from Söderhallarna in Stockholm, a long-standing sponsor of the Swedish Childhood Cancer Fund.

About Week of Hope by Bambuser

  • When: May 24-30, 2021.
  • What: A week-long fundraising initiative from the Childhood Cancer Fund in collaboration with Bambuser, during which individuals and companies can arrange and participate in a variety of activities.
  • How: Individuals can choose whether they want to pay SEK 100, 250, or 500 in participation fees, and all fees will go to the Childhood Cancer Fund.
  • Why: Aims to raise one million kronor for the fight against childhood cancer.

Contact information

Sherry Smith, Corporate Communications, Bambuser AB | +46 8 400 160 00 | press@bambuser.com 

Certified Adviser

Erik Penser Bank AB | +46 8 463 83 00 | certifiedadviser@penser.se 

About Bambuser AB

Bambuser is a software company specializing in interactive live video streaming. The Company’s primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm.

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PR Newswire

Wins Finance Holdings Inc. Reports Unaudited Financial Results for the Six Months Ended December 31, 2020

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BEIJING and NEW YORK, April 30, 2021 — Wins Finance Holdings Inc. ("Wins Finance" or the "Company") (OTC: WINS), an integrated financing solution provider that provides integrated financing solutions to small and medium enterprises ("SMEs") in China, today announced its unaudited financial results for the first six months ended December 31, 2020.

Fiscal Six Months Ended December 31, 2020 – Financial and Operational Summary

•

Direct financing lease interest income was $0.8 million, compared to $3.8 million for the corresponding period ended December 31, 2019.

•

Interest income on securities-held to maturity was nil, compared to nil for the corresponding period ended December 31, 2019.

•

Income from the financial guarantee services was nil, compared to nil for the corresponding period ended December 31, 2019.

On December 31, 2020, Wins Finance and Shanghai Guyuan signed an asset disposal agreement, pursuant to which on January 6, 2021, Wins Finance, sold its entire interest in Shanxi Jinchen Agriculture Ltd. ("Jinchen Agriculture") (including its subsidiary Shanxi Dongsheng Finance Guarantee Co., Ltd. ("Dongsheng Guarantee")) to Shanghai Guyuan (the "Purchaser") in exchange for the Purchaser assuming the obligations of Jinchen Agriculture.

On June 9, 2020, the Changzhi Public Security Bureau (the "Bureau") froze the assets of Jinchen Agriculture and its subsidiary Dongsheng Guarantee. Our legal counsel was unable to determine the cause of the freeze as the authorities did not provide us with this information, and our legal counsel advised us that we no longer have control of the assets or operations of both Jinchen Argiculture and Dongsheng Guarantee. Consequently, the Company’s Board of Directors voted to dispose of Jinchen Agriculture and Dongsheng Guarantee.

Therefore, due to the disposal of Jinchen Agriculture and its subsidiary Dongsheng Guarantee, our operations no longer includes the financial guarantee business, which helped to facilitate SMEs financing opportunities by acting as a guarantor to secure credit facilities from lending banks and other financial institutions. Consequently, at present the main focus of our operations is our financial leasing business as well as the revamping of our financial advisory services business. Although our financial lease business has been unaffected by the disposal of our financial guarantee business, and it continues to operate normally, our overall operations now lack its previous diversification. Along with these changes, the Company is developing a new business model to further diversify its business and enhance its ability to manage risk.

In view of the slowdown in the Chinese economy and the impact of COVID-19, lessees’ ability to repay their rental expenses was significantly impaired. We continue to be cautious about securing new leasing customers to maintain the growth in the current economic environment. We have instituted further risk controls to mitigate the risks inherent in our financial leasing business and strengthen the recovery of our lease receivables. In addition, we are intent upon expanding our financing channels, developing new strategies to increase our cash flow and seeking out strategic investors to invest in our Company to help fund our initiatives. China’s GDP growth in the first quarter of 2021 increased 18.3% year-over-year but only experienced 0.6% growth in the first quarter of 2021 as compared to the fourth quarter of 2020. Therefore, while the outlook for growth appears to be encouraging overall for China’s economy, certain sectors of the real economy may be subject to a slowing economic climate as indicated by the sequential GDP data. Due to our focus on SMEs, we believe that we may experience an uncertain climate for growth but believe that we will be able to weather this potentially challenging economic environment.  

Financial Results for the Six Months Ended December 31, 2020

We currently offer the following principal products and services to our customers, which primarily constitute SMEs: (1) financial leasing; and (2) financial advisory and agency services.

Direct financing lease interest income

Direct financing lease interest income generated from payments under direct financing leases with customers was $0.8 million for the six months ended December 31, 2020, a decrease of $3.0 million, or 78.6%, as compared to $3.8 million for the six months ended December 31, 2019. The decrease was primarily attributable to slowdown in China’s economy due to the impact of the global COVID-19 pandemic.

Non-interest expenses

Non-interest expense was $1.0 million for the six months ended December 31, 2020, as compared to non-interest expense of $0.7 million for the six months ended December 31, 2019. The increase was mainly due to the increase in legal and audit fees during the six months ended December 31, 2020.

Income taxes

Income tax credit was an income tax credit of $0.9 million for the six months ended December 31, 2020, a decrease of $0.9 million as compared to an income tax credit of $1.8 million for the six months ended December 31, 2019. The decrease was attributable to the decrease in taxable income which excluded tax exempt interest income from short-term investments.

Net income (loss)

Net loss was $14.6 million for the six months ended December 31, 2020, a decrease of $14.9 million as compared to net income of $0.3 million for the six months ended December 31, 2019. The decrease was mainly due to the disposal of Jinchen Agriculture and its subsidiary Dongsheng Guarantee.

Financial Impact of the Disposal of the Financial Guarantee Business

As a result of the disposal of Jinchen Agriculture and its subsidiary Dongsheng Guarantee, they are not included in our unaudited financial statements for the six months ended December 31, 2020 as presented in the following pages.

For the six months ended December 31, 2020, the disposal of Jinchen Agriculture and its subsidiary Dongsheng Guarantee resulted in a reduction in the Company’s assets and liabilities for the unaudited six-month period ending December 31, 2020 as compared to its audited fiscal year end (FYE) financial results ended June 30, 2020. Total assets were $48.9 million as of December 31, 2020, a decrease of $160.9 million, or 76.7%, as compared to FYE 2020. Total liabilities were $11.5 million as of December 31, 2020, a decrease of $1.9 million, or 14.0%, as compared to $13.4 million as of FYE 2020. Shareholders’ equity was $37.4 million as of December 31, 2020, a decrease of $158.97 million, or 81.0%, as compared to $196.3 million as of FYE 2020.

As of fiscal year end June 30, 2020, the assets and the liabilities of the disposal group were classified as ‘held for sale’ and were $163.3 million and $3.0 million, respectively. The disposal of these assets have had a material and adverse effect on our financial results, but the Company’s other businesses have been unaffected by the disposal and continue to operate normally.

Current Outlook

The first six months of fiscal 2021 has been a period of transition for the Company given its disposal of its financial guarantee business as well as the lingering economic impact of the COVID-19 pandemic. We are now even more focused upon achieving our core mission which is to help SMEs in China with their funding needs while offering this constituency creative solutions across a wider financial spectrum. We will seek leasing clients across China rather than on strictly a regional or local basis and plan to (1) focus on a few specific industries with experience and connections, such as clean energy, electric vehicles, education equipment and medical devices; and (2) to revitalize our advisory services business through innovative solutions and long-term capital funding planning. We plan upon working harder than ever to achieve sustainable results to both restore and reward our shareholders’ confidence in a niche sector where we believe we are well positioned and have the opportunity to achieve substantial market share.

As China’s economy gradually recovers and the impact of COVID-19 gradually dissipates, we view the challenging business environment as an opportunity to make positive changes to our operating model that will enable us to both weather current conditions and prepare us for new growth opportunities. Further, we plan to actively expand new business channels and seek new strategic partners to establish a financial ecosystem. Due to the disposal of our financial guarantee business, we are expanding our leasing operation and will be seeking leasing opportunities and clients across China rather than on strictly a regional or local basis. With these objectives in mind, management plans upon being more cautious in choosing customers and stricter in assessing our business and financial risk.

We believe that our operating experience and enhanced risk management protocols will ultimately help to propel growth once business conditions normalize and our competitive position in our sector continues to strengthen. However, we note that the period-to-period financial results of this sector is affected by the complexity, uncertainties and changes in China’s economic conditions as well the regulations governing the industry and can cause fluctuations in our periodic operating and financial results.

About Wins Finance Holdings Inc.

Wins Finance Holdings Inc. ("Wins Finance") is an integrated financing solution provider that assists Chinese small and medium enterprise (SMEs) that have limited access to financing and enables them to obtain funding for business development. The Company is focused on identifying value accretive investment opportunities and assets in China and the United States that can be enhanced through the strategic engagement of its management team and its familiarity with the Chinese investment community to help generate long-term value for shareholders. Wins Finance believes that it is well positioned to leverage its expertise and existing operations in China to build a comprehensive platform for the provision of lending and other financing solutions to China’s under-served SMEs segment. For more information, please visit www.winsholdings.com.

 Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in 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" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks are described in the Company’s Annual Report on Form 20-F for the year ended June 30, 2020 and in the Company’s other filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

 

WINS FINANCE HOLDINGS INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

December 31, 2020

Audited

June 30, 2020

ASSETS

Cash

$

29,052

$

38,820

Restricted cash (Note 4)

–

–

Investment securities-held to maturity (Note 5)

–

–

Net investment in direct financing leases (Note 6)

14,574,180

16,958,300

Interest receivable

–

–

Operating lease, right-of-use asset (Note 7)

68,646

63,356

Property and equipment, net (Note 8)

28,309

26,592

Deferred tax assets, net (Note 17)

27,977,211

24,474,583

Other assets (Note 9)

3,106,017

2,054,907

Non-marketable investment (Note 3)

3,065,181

2,828,963

Assets of disposal group classified as held for sale

163,251,052

TOTAL ASSETS

$

48,848,596

$

209,696,573

LIABILITIES AND STOCKHOLDERS’ EQUITY

Liabilities

Bank loans for capital lease business (Note 10)

$

$

Other loans for capital lease business (Note 10)

–

Interest payable

5,621

8,320

Income tax payable (Note 17)

2,005,387

1,423,022

Deposits from direct financing leases

5,690,818

5,294,690

Operating lease liability-current

47,904

Other liabilities (Note 11)

3,257,079

3,157,021

Due to related party (Note 18)

464,204

464,000

Operating lease liability-non-current (Note 7)

59,601

7,103

Liabilities of disposal group classified as held for sale (Note 20)

2,949,836

Total Liabilities

$

11,482,710

13,351,896

Stockholders’ Equity

Common stock (par value $0.0001 per share, 100,000,000 shares authorized;

19,837,642 issued and outstanding at June 30, 2019 and 2018) (Note 13)

$

 

 

1,984

1,984

Additional paid-in capital

37,988,023

211,934,432

Statutory reserve (Note14)

939,297

4,687,085

Retained earnings

(1,263,735)

9,557,212

Accumulated other comprehensive loss

(299,683)

(29,836,034)

Total Stockholders’ Equity

37,365,886

196,344,677

TOTAL LIABILITIES AND EQUITY

$

48,848,596

$

209,696,573

 

WINS FINANCE HOLDINGS INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND

COMPREHENSIVE INCOME (LOSS)

For six months ended December 31,

2020

2019

Direct financing lease income

Direct financing lease interest income

$

816,274

$

3,811,402

Interest expense for direct financing lease

61,483

(947,616)

Business collaboration fee and commission expenses for leasing projects

(68,342)

(68,342)

Provision for lease payment receivable

(2,556,731)

(3,596,624)

Net direct financing lease interest income after provision for receivables

$

(1,747,316)

$

(801,180)

Financial advisory and lease agency income

–

–

Net revenue

$

(1,747,316)

$

(801,180)

Non-interest income

Interest on investment securities-held to maturity

–

Total non-interest income

$

–

$

Non-interest expense

Business taxes and surcharges

(460)

(5,477)

Salaries and employee charges

(405,228)

(310,678)

Rental expenses

(54,006)

(43,816)

Other operating expenses

(515,654)

(372,295)

Total non-interest expense

$

(975,348)

$

(732,266)

Income before taxes

 

(2,722,664)

(1,533,446)

Income tax credit

959,003

1,872,131

NET (LOSSES)/INCOME FRROM CONTINUING OPERATION

$

(1,763,661)

$

(338,685)

Income from discontinued operation

$

(12,805,074)

Total Net (Losses)/Income

(14,568,735)

338,685

Other comprehensive income (loss)

Foreign currency translation adjustment

(49,966,235)

1,018,810

COMPREHENSIVE (LOSS)/INCOME

$

(64,534,970)

$

 

1,357,495

Weighted-average ordinary shares outstanding

Basic

 

19,837,642

19,837,642

Diluted

 

19,837,642

19,837,642

Earnings per share

Basic

$

(0.73)

$

0.02

Diluted

$

(0.73)

$

0.02

From continuing operation

$

(0.09)

$

0.02

From discontinued operation

$

(0.65)

$

–

 

Related Links :

http://www.winsfinance.com

PR Newswire

SenSen: North American Operations and Expansion Update

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HIGHLIGHTS

  • SenSen’s Annual Recurring Revenue (ARR) from North America to exceed A$1.5M per annum driven by new orders from Chicago Parking Meters and contract renewals from existing customers in the region.
  • Increases SenSen’s current overall ARR guidance to ~A$4.5m for FY2022 and beyond, based on current confirmed orders and contracts.
  • Completed hiring of key marketing and sales executives to accelerate growth in the region; and additional staff hired to increase key account management and customer support in the region.
  • Opened North American headquarters in Las Vegas, Nevada, fitted with a range of SenSen solutions for demonstrations and customer sales
  • Established multiple channel partner engagements to increase sales momentum in the region.
  • SenSen to participate and present at multiple vertical-focused industry trade shows and conferences in the region in the next six months to support marketing efforts and promote SenSen solutions in the region.

MELBOURNE, SYDNEY and LAS VEGAS, April 21, 2021 — Leading Smart Cities and AI software solutions provider SenSen Networks Limited (ASX: SNS, OTCQB: SNNSF, "SenSen" or "the Company") is pleased to provide an update on its expanding US Operations.

Revenue and Sales

On the back of new orders and contract extensions, SenSen’s ARR from North America has crossed A$1.5M, which consists of:

  • Revenue from new orders from Chicago Parking Meters;
  • Contract renewals and extensions from the cities of Calgary and Edmonton (Canada);
  • Contract renewals from customers of the recently acquired Snap Network Surveillance’s multi-camera people tracking software; and
  • Locked in contract with the City of Las Vegas (Nevada) for parking management & enforcement.

This represents strong growth in overall revenue and particularly ARR from North America, which currently accounts for over one third of SenSen’s contracted ARR (~A$4.5m) in FY2022. ARR growth is expected to continue, with new channel partner arrangements being established and targeted sales and marketing activities underway.

SenSen’s revenue base in North America now completely funds operations in the US and Canada, providing a strong platform for organic growth as the US economy re-emerges from the impacts of COVID-19 shutdown. SenSen’s stable of flagship North American customers demonstrates a stable, high-reference client base to further accelerate growth in sales in the region.

Chicago Parking Meters

In the American Midwest, SenSen is working with Chicago Parking Meters (www.parkchicago.com) to provide parking and traffic analytics in the City of Chicago (Illinois), the third-largest US city. After SenSen successfully completed the POC trial, Chicago Parking Meters has ordered multiple systems from SenSen to improve the efficiency of its on-street parking management operations, which are currently being prepared for deployment in Q4 2021. Additional systems are planned for procurement in the coming months. These systems are expected to deliver both upfront and recurring revenues to SenSen.

Snap Network Surveillance

SenSen received its first set of orders from Snap Network Surveillance (Snap) customers since the acquisition in December 2020. Snap’s AI-powered multi-camera networked tracking technology is currently being implemented for customers through various resellers – A3 Communications (South Carolina), A+ Technology (New York City) and Southeast Security (Ohio). SenSen will receive annual software maintenance fees from these customers.

These new orders are a positive endorsement of the value Snap technology brings to its customers. SenSen has developed a targeted market education and outreach plan to promote Snap’s multi-camera person tracking and other solutions to this loyal base of partners and end customers, including airports, high-security prisons, shopping centres, universities, casinos, and law enforcement organisations.

City of Las Vegas

SenSen worked extensively with the City of Las Vegas to install Smart City technology on roads, car parks and garages across the city as well as outfitting a range of council vehicles with smart sensors, including scooters and Segways. As part of the progressive roll-out of SenSen systems under the contract with the City, multiple SenSen systems to improve the efficiency of on-street and off-street parking management have gone into production within the City of Las Vegas.

Additional systems are expected to go into production in the coming weeks. As announced previously, these systems generate both upfront and ongoing revenues.

SenSen has become a significant technology partner of the City of Las Vegas. SenSen was recently invited to participate in a paid smart curbside corridor pilot program with the City of Las Vegas in collaboration with Cox Communications (www.cox.com) to explore new avenues to leverage SenSen technology.

The pilot’s objective is to use technology solutions to monitor congestion in high-traffic areas of downtown Las Vegas for the next six months with the aim of optimising efficiency for all types of transport, especially rideshares and taxis. The innovative public-private partnership trial covers six parking spots along the sidewalk adjacent to the 100 block of Main Street with two digital kiosks that utilise SenSen’s video analytics and smart parking technology to better manage active curb loading zones for taxis and rideshares, making conditions safer for visitors and pedestrians.

Video analytics from the devices along the curb will capture vehicle and license plate information and send utilisation data to the kiosks to kick off a countdown timer. If a vehicle remains in the loading zone after the countdown ends, the system reports the incident directly to the city, ensuring a constant flow of traffic. 

US office now open

Under a special grants program, the City of Las Vegas invited SenSen to open its new US office at the Las Vegas International Innovation Center, a premium, high-profile location in Downtown Las Vegas. The location is offered to companies, at subsidised rates, that are considered to be future disruptors in the technology space that align with City of Las Vegas priorities – including companies operating in IoT (Internet of Things), artificial intelligence, virtual and augmented reality, cybersecurity, water science and advanced mobile data.

In late March, SenSen opened its new office, which features a showroom / demonstration area for marketing to potential Smart Cities and gaming customers. SenSen will benefit from a Las Vegas address as the world’s leading convention city and a convener of business on a global scale. The city’s supportive policy environment and growing focus on innovation make it an ideal location to test and develop SenSen’s new technologies.

New Staff Hires in the region

Following SenSen’s successful $7.15M international expansion capital raise in January 2021, SenSen has completed the recruitment of a number of senior executives to accelerate sales and marketing in North America, including:

  • Senior sales executive focused on the casino market;
  • Senior sales executive focused on the security & surveillance market;
  • Account manager to support and manage high-value direct customers; and
  • Pre-sales and post-sales technical support staff.

SenSen’s North American team now constitutes six staff with four more to join the team before the end of June 2021, including an additional senior sales executive focused on the Smart Cities market and customer support.

"I am delighted to hit the ground running by hiring new staff and setting up our new US Headquarters to help execute our expansion plans in North America," said SenSen CEO Dr Subhash Challa.  

"While our Smart Cities deals in Chicago and Las Vegas are built around our core strength in Intelligent Transport Solutions, we have multiple pipeline opportunities across all our verticals to pursue.

"In a post-pandemic world, we see significant potential to expand revenues in the US and other geographies. These newly announced contracts will significantly add to our previously announced revenues for FY2021, but even more importantly, will add to our growing ARR profile from FY2022."

This release is approved by the Board of SenSen.

About SenSen Networks Limited

SenSen is focused principally on the development, commercialisation and supply of innovative, data-driven business process enhancement solutions, designed to assist customers in their business operations and significantly improve business efficiency and productivity. SenSen provides video analytics and artificial intelligence data analytics software solutions to customers in the intelligent transportation systems and gaming sectors located in Australia, US, Canada, Singapore, New Zealand, Europe, India, and UAE.

Disclaimer – forward-looking statements
This release may contain forward-looking statements. These statements are based upon management’s current expectations, estimates, projections and beliefs in regards to future events in respect to SenSen’s business and the industry in which it operates. These forward-looking statements are provided as a general guide and should not be relied upon as an indication or guarantee of future performance. The bases for these statements are subjected to risk and uncertainties that might be out of control of SenSen Networks Limited and may cause actual results to differ from the release. SenSen Networks Limited takes no responsibility to make changes to these statements to reflect change of events or circumstances after the release.

PR Newswire

Ericsson’s Nomination Committee appointed

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STOCKHOLM, April 19, 2021 — Ericsson’s (NASDAQ:ERIC) Nomination Committee for the Annual General Meeting 2022 has been appointed in accordance with the Instruction for the Nomination Committee resolved by the Annual General Meeting 2012.

The Nomination Committee consists of:

  • Johan Forssell, Investor AB;
  • Karl Åberg, AB Industrivärden;
  • Anders Oscarsson, AMF – Försäkring och Fonder;
  • Jonas Synnergren, Cevian Capital Partners Limited; and
  • Ronnie Leten, the Chair of the Board of Directors.

Johan Forssell is the Chair of the Nomination Committee.

Shareholders who wish to submit proposals to the Nomination Committee are welcome to contact the Nomination Committee. Proposals must be received in due time before the Annual General Meeting to ensure that the proposals can be considered by the Nomination Committee.

CONTACT THE NOMINATION COMMITTEE:
Telefonaktiebolaget LM Ericsson
The Nomination Committee
c/o The Board of Directors Secretariat
SE-164 83 Stockholm
Sweden
E-mail: nomination.committee@ericsson.com

NOTES TO EDITORS:

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media.relations@ericsson.com
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(+46 10 719 00 00)

About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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EV Carnivals – Ionix Technology gained two strategic partners in the field of electric vehicles

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LAS VEGAS, April 7, 2021 — Ionix Technology, Inc. (OTCQB: IINX), ("Ionix Technology", "IINX" or "the Company"), a business aggregator in photoelectric display and smart energy fields, today announced one of its subsidiaries, Huixiang Energy Technology  ("Huixiang") has entered strategic cooperative agreements with Gongjue Electric Vehicle("Gongjue") and HiBoss Electric Vehicle("HiBoss").

Huixiang was incorporated to focus on producing safe, fast charging and long life cycle Electric Vehicle ("EV") batteries, as well as developing its own online sharing platform. Gongjue and HiBoss will purchase power battery and battery packs from Huixiang according to the agreements. Huixiang will cooperate with Gongjue and HiBoss to develop the next generation batteries for EV with faster charge (10 mins charge, 600 KM performance), safer, longer endurance mileage and lower cost performances. Total investment in this project is estimated to be more than a billion RMB Yuan, of which approximately 25% will be necessary in the first phase and which is anticipated to give annual output of 50,000 vehicles. Gongjue and HiBoss will also engage the online sharing platform developed by Huixiang, which will offer online EV sharing services and EV sale services.

Mr. Zhou Xiang, Gongjue’s CEO, expressed the confidence in achieving next generation EV with Huixiang’s faster charging, lower cost and higher energy density power battery packs. HiBoss’s CEO, Mr. Chen Guofu, says "we will explore the urban-rural EV consumer market with batteries and battery packs produced by Huixiang".

Backgrounds: Jiangsu Gongjue Electric Vehicle Co., Ltd was founded in 2011 in Jiangsu Province. It is a high-tech enterprise in EV R&D and manufacture. With core innovation techniques and new materials and processes, Gongjue has developed lightweight EV and fast charging technology. HiBoss EV is a core industrial platform dedicated to the innovation of new energy automobile industry and the link of digital lifestyle. The company sets up Global Intelligent Travel company as the value bearing, establishing electric sport sedans, electric trucks, minicars and two-wheel eletric vehicles, to link urban and rural EV market.

Since 2021, the auto industry will be dominated by A-class, and new EV manufacture enterprises, according to Mr Cheng Li, CEO of IINX. He also said:" the participation of Gongjue and HiBoss will boost IINX to build up an ecological new energy vehicle closed-loop industry chain. We will jointly launch faster charging; longer endurance and lower cost energy vehicles to make our due contribution to the resolution to the issues of "Carbon Peaking" and "Carbon Neutral" faced by the world. We firmly believe IINX will have deeper existence space and larger market share in new energy automobile."

About Ionix Technology, Inc.

Ionix Technology, Inc. is a holding company that is principally engaged in the photoelectric display and smart energy industries. The company has seven operating subsidiaries: Changchun Fangguan Electronics Technology Co., Ltd, a company which has been focusing on R&D, manufacturing and marketing LCM and LCD. Changchun Fangguan Photoelectric Display Technology Co., Ltd, a company which specializes in developing, designing, and selling TN and STN LCD, STN, CSTN, and TFT LCD modules as well as other related products; Shenzhen Baileqi Electronic Technology Co., Ltd, a company which specializes in LCD slicing, filling, researching and designing, and selling of LCD Modules (LCM) and PCBs; Lisite Science Technology (Shenzhen) Co., Ltd., a company engaged in the marketing and selling of intelligent electronic devices; and Dalian Shizhe New Energy Technology Co., Ltd., a company engaged in the new energy support service, and operating the photovoltaic power generation, electric vehicles and charging piles with corresponding operation and maintenance and three dimensional parking. Shijirun (Yixing) Technology Co., Ltd, a company engaged in new energy intelligent manufacturing and intelligent equipment industry. High intelligence of the equipment is a guarantee of high stability and consistency for EV and Energy storage battery. Huixiang Energy Technology (Suzhou) Co., Ltd, engaged in R&D of next generation advanced battery technologies, manufacture and sales of relevant battery products, including the solid state rechargeable lithium ion battery for next generation EV and energy storage systems. Also operation of battery packs, battery systems and electric vehicles sharing business with its own internet sharing platform. Currently, IINX has embarked on the layout of industrialization and marketization of front end materials and back end modules of liquid crystal displays and applications of flexible folding display technology by taking Fangguan Electronics as production bases, to seize the market share of OLED high technology.

To learn more, please visit our website: www.theiinx.com

Safe Harbor Statement

This news release contains "forward-looking statements" as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Ionix Technology assumes no obligation to update the forward-looking statements. Although Ionix Technology believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Ionix Technology’s annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.

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Ionix Technology Inc. Announces 20 Million RMB Sale Order Will Be Obtained by Its Subsidiary Sijirun

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LAS VEGAS, March 25, 2021 — Ionix Technology, Inc. (OTCQB: IINX), ("Ionix Technology", "IINX" or "the Company"), a business aggregator in the fields of photoelectric display and smart energy, today announced at least 20 million RMB Lithium-ion Battery equipment order will be obtained by a fully owned subsidiary of Ionix Technology Inc., Sijirun (Yixing) Technology Limited, becoming a profit growing point of the company. The first batch order has been signed on 18th this month with a total purchase price of more than 7 million RMB.

Sijirun is a conspicuous component of Ionix’s energy industry business chain which is an ecological and developing closed-loop. And it is also very important for the company’s business in the fields of new energy intelligent manufacturing and intelligent equipment industry. High intelligence of the equipment is a guarantee of high stability and consistency for EV and Energy storage battery.

Mr. Li Cheng, the CEO, expressed the confidence that the sales from the intelligent equipment business will become the new profit growth point of the company. He said: "these orders are based on the huge market demand for high-end intelligent lithium-ion battery. They are the first two sale orders with more than 20 million RMB after Ionix decided to build a new energy industry chain by the merger and acquisition of new energy upstream and downstream enterprises, which has laid a solid foundation for future performance development. The fulfillment and the completion of the orders will bring positive cash flow for the company, and will have a positive impact on the company’s performance, and also will inspire our confidence in merger and acquisition and development in the new energy industry chain."

To learn more, please visit our website: www.theiinx.com

Safe Harbor Statement

This news release contains "forward-looking statements" as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Ionix Technology assumes no obligation to update the forward-looking statements. Although Ionix Technology believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Ionix Technology’s annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.

Related Links :

http://www.theiinx.com

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China Customer Relations Centers, Inc. Enters into Definitive Merger Agreement for Going Private Transaction

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TAI’AN, China, March 12, 2021 — China Customer Relations Centers, Inc. (Nasdaq: CCRC) (the "Company"), a leading e-commerce and financial services business process outsourcing ("BPO") service provider in China, today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Taiying Group Ltd. ("Parent") and Taiying International Inc. ("Merger Sub"), a wholly-owned subsidiary of Parent.

Pursuant to the Merger Agreement, Parent will acquire the Company for a cash consideration equal to US$6.50 per share of the Company (each, a "Share"). This amount represents a premium of 37.7% over the Company’s closing price of US$4.72 per Share on November 27, 2020, the last trading day prior to November 30, 2020, the date that the Company announced it had received a "going-private" proposal, and a premium of 37.8% to the volume-weighted average closing price of the Company’s Shares during the 60 trading days prior to November 30, 2020. This amount also represents an increase of approximately 21.0% over the US$5.37 per Share initially offered by the buyer group in their initial "going-private" proposal on November 27, 2020.

Immediately following the consummation of the merger, Parent will be beneficially owned by a group of rollover shareholders, including Mr. Zhili Wang, the chief executive officer and chairman of the Board and director of the Company, Mr. Debao Wang, the chief financial officer of the Company, Mr. Guoan Xu, director and Vice President of the Company, Mr. Qingmao Zhang, Mr. Long Lin, Mr. Jishan Sun and certain other shareholders of the Company (collectively, the "Buyer Group").

As of the date of the Merger Agreement, the Buyer Group beneficially owns, in the aggregate, approximately 71.1 % of the outstanding Shares of the Company.

Subject to the terms and conditions of the Merger Agreement, at the effective time of the merger, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and a wholly-owned subsidiary of Parent, and each of the Shares (issued and outstanding immediately prior to the effective time of the merger will be cancelled and cease to exist in exchange for the right to receive US$6.50 per Share, in cash, without interest and net of any applicable withholding taxes, except for (a) Shares beneficially owned by the Buyer Group, (b) Shares owned by Parent, Merger Sub, the Company (as treasury, if any) or any of their respective subsidiaries immediately prior to the effective time, (c) Shares reserved (but not yet allocated) by the Company for settlement upon exercise or vesting of any option to purchase the Shares granted under the Company’s 2018 Share Incentive Plan on or prior to the date of closing whether or not such option has become vested on or prior to the date of closing in accordance with the Company’s 2018 Share Incentive Plan immediately prior to the effective time, and (d) Shares owned by shareholders who have validly exercised and have not effectively withdrawn or lost their dissenter rights under the BVI Business Companies Act which will be cancelled and each holder thereof will be entitled to receive only the payment of the fair value of such Shares in accordance with the BVI Business Companies Act.

The Company’s board of directors, acting upon the unanimous recommendation of the special committee formed by the board of directors (the "Special Committee"), approved the Merger Agreement, and resolved to recommend that the Company’s shareholders vote to authorize and approve the Merger Agreement and the merger. The Special Committee, which is composed solely of independent directors of the Company who are unaffiliated with Parent, Merger Sub or any member of the Buyer Group or management of the Company, exclusively negotiated the terms of the Merger Agreement with the Buyer Group with the assistance of its independent financial and legal advisors.

The merger which is currently expected to close in the second quarter of 2021, is subject to various closing conditions, including a condition that the Merger Agreement be authorized and approved by a resolution approved by the affirmative vote of a majority of the votes of the Shares entitled to vote thereon in respect of which the shareholders holding the Shares were present at the extraordinary general meeting of the shareholders or an adjournment thereof in person or by proxy and being Shares in respect of which the votes were voted in accordance with the BVI Business Companies Act and the memorandum and articles of the Company. Pursuant to a rollover and support agreement entered among the Buyer Group and Parent, the Buyer Group has agreed to vote all the Shares beneficially owned by it in favor of the authorization and approval of the Merger Agreement and the merger. If completed, the merger will result in the Company becoming a privately-owned company wholly owned directly by Parent, its Shares will no longer be listed on The Nasdaq Capital Market.

Parent has entered into a debt commitment letter pursuant to which China Merchants Bank Co., Ltd. has agreed to provide a secured term facility for the merger, subject to certain conditions.

The Company will prepare and file with the U.S. Securities and Exchange Commission (the "SEC") a Schedule 13E-3 transaction statement, which will include a proxy statement of the Company. The Schedule 13E-3 will include a description of the Merger Agreement and contain other important information about the merger, the Company and the other participants in the merger.

Houlihan Lokey (China) Limited is serving as financial advisor to the Special Committee; Hogan Lovells is serving as U.S. legal counsel to the Special Committee.

Commerce & Finance Law Offices is serving as legal counsel to the Buyer Group.

Additional Information about the Merger

In connection with the proposed merger, the Company will prepare and mail a proxy statement that will include a copy of the Merger Agreement to its shareholders. In addition, certain participants in the proposed merger will prepare and mail to the Company’s shareholders a Schedule 13E-3 transaction statement that will include the Company’s proxy statement. These documents will be filed with or furnished to the SEC. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED MATTERS. In addition to receiving the proxy statement and Schedule 13E-3 transaction statement by mail, shareholders also will be able to obtain these documents, as well as other filings containing information about the Company, the proposed merger and related matters, without charge, from the SEC’s website (http://www.sec.gov) or at the SEC’s public reference room at 100 F Street, NE, Room 1580, Washington, D.C. 20549. In addition, these documents can be obtained, without charge, by contacting the Company at the following address and/or phone number:

1366 Zhongtianmen Dajie,
Xinghuo Science and Technology Park, High-tech Zone,
Taian City,
Shandong Province, 271000,
People’s Republic of China
+86-538-691-8899

The Company and certain of its directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from its shareholders with respect to the proposed merger. Information regarding the persons or entities who may be considered "participants" in the solicitation of proxies will be set forth in the proxy statement and Schedule 13E-3 transaction statement relating to the proposed merger when it is filed with the SEC. Additional information regarding the interests of such potential participants will be included in the proxy statement and Schedule 13E-3 transaction statement and the other relevant documents filed with the SEC when they become available.

This announcement is neither a solicitation of proxy, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any proxy statement or other materials that may be filed or furnished with the SEC should the proposed merger proceed.

About China Customer Relations Centers, Inc.

The Company is a leading e-commerce and financial services BPO service provider in China focusing on the complex, voice-based and online-based segments of customer care services, including:

  • customer relationship management;
  • technical support;
  • sales;
  • customer retention;
  • marketing surveys; and
  • research.

The Company’s service is currently delivered in Provinces of Shandong, Jiangsu, Liaoning, Guangdong, Yunnan, Hubei, Sichuan, Hebei, Anhui, Xinjiang, Guangxi, Jiangxi, Heilongjiang, and Chongqing. More information about the Company can be found at: www.ccrc.com.

Safe Harbor Statements

Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. The Company undertakes no ongoing obligation, other than that imposed by law, to update these statements.

For further information, please contact

Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1-718-213-7386

PR Newswire

Crunchfish enrolled to leading international payment network’s partner program

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STOCKHOLM, Feb. 18, 2021 — Crunchfish AB ("Crunchfish") announces its enrolment into a leading international payment network’s partner program with its Digital Cash solutions. As a technology partner, Crunchfish will get access to specifications and toolkits enabling integration with their payment network.

Crunchfish’s patent pending Digital Cash solutions are built on a two-tier offline vs. online settlement architecture. As a technology partner, Crunchfish will work with solutions architects and have access to specifications and toolkits enabling Digital Cash development, integration and certification with their payment network. Crunchfish is sponsored by the payment network’s innovation team in India into this program.   

"To be invited into this partner program is an important milestone for the company and a testimony of Crunchfish’s technology prowess. It suggests that Digital Cash is a promising solution that may become an integral part of digital payments of tomorrow.", says Crunchfish’s CEO Joachim Samuelsson.

For more information, please contact:
Joachim Samuelsson, CEO Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

Vastra Hamnen Corporate Finance AB is the Certified Adviser
Email: ca@vhcorp.se 
Telephone +46 40 200 250.This information is information that Crunchfish AB is obliged to publish in accordance to the EU Market Abuse Regulation. The information was provided by the contact person above for publication on February 18, 2021.

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210218 – Crunchfish enrolled to leading international payment network’s partner program

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Digital Cash Partner6