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Exadel Meets Growth Projections, Secures New Clients And Expands Senior Management Team In Second Quarter Of 2020


Despite a global pandemic and business slow-downs, Exadel continues to thrive and grow based on its distributed Agile engineering and development model

WALNUT CREEK, California, July 22, 2020 — Exadel (www.exadel.com), an enterprise software development company, today announced strong momentum in the second quarter of 2020, including increased sales, the addition of new clients, several new projects and the expansion of its C-level team with two senior level appointments. The company’s achievements are particularly noteworthy in the midst of the worldwide COVID-19 pandemic. The distributed Agile development model Exadel employs is central to its ability to withstand economic challenges as it helps clients realize digital transformation across the globe.

 Specifically, in the second quarter, Exadel:

  • Maintained its growth projections for 2020
  • Increased repeat business from existing clients
  • Leveraged additional projects via distributed Agile development
  • Deepened its senior management bench strength with new positions of Chief Operating Officer and Chief Delivery Officer

"Exadel has always had a distributed Agile development approach to help clients achieve success," explained Fima Katz, CEO of Exadel. "We have teams across the globe who have been working in a distributed manner since the formation of the company. While other companies are struggling to adjust quickly to a remote workplace reality, Exadel  provides the infrastructure, resources, technology and talent needed to easily adapt and thrive despite great disruptions such as COVID-19.

Exadel has locations across three continents. Its team of highly specialized software engineers has helped numerous high profile brands and enterprise organizations – many Fortune 500 entities – build and deliver everything from custom software projects to complete product platforms from the ground up.

In addition to impressive results for the second quarter, the company also announced the addition of two new positions and members of its senior management team. Elena Krukovskaya has been promoted to Chief Operations Officer (COO), and Alexey Girzhadovich assumes the role of Chief Delivery Officer (CDO).

Krukovskaya began working at Exadel in 2008 as a human resources manager where she established Exadel’s policies around people, operations and processes. As COO, Krukovskaya will be responsible for managing Exadel’s global operations to meet business goals and objectives.

Girzhadovich is an accomplished leader and previously served in multiple roles at Exadel. He brings a lengthy track record of working with high-growth software companies. As Chief Delivery Officer, Girzhadovich will implement a coherent project delivery strategy with a focus on teams, processes, efficiency and profitability.

"Achieving success during these challenging times is a testament to Exadel’s ability to deliver exceptional software engineering services that help our clients realize their business goals," said Katz. "Exadel has a winning formula and we look forward to continued growth in the future."

Tweet this: .@exadel announces continued growth with new clientele and an expanded executive team, despite the challenges of #COVID19 #digitaltransformation

Exadel is an enterprise software development company supporting organizations at all stages of their digital transformation journey. We help companies redefine the way they do business by developing core digital solutions, software products and platforms, and helping them transition to the cloud. Exadel is a leader in distributed Agile development, leveraging resources globally for continuous delivery, even during times of great disruption. Headquartered in Silicon Valley, Exadel has more than 1,000 engineers in 23 offices across the USA, Europe and Asia. We produce a variety of original products, frameworks, platforms and solutions for high profile brands across many industries—from media and publishing, finance, retail and e-commerce, to healthcare, wellness, high tech and transportation. Learn more at exadel.com

Contact:
Terri Douglas
Catapult PR-IR
303-581-7760
tdouglas@catapultpr-ir.com

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Related Links :

https://www.exadel.com

TUKA3D Removes Touch and Feel Barrier For Digital Development of Apparel

LOS ANGELES, July 22, 2020 — Tukatech introduces the first “feel factor value” to fabrics based on a mathematical calculation using bend and surface friction values in all warp, weft, and shear directions. This feature helps in 3D product design as customers can quickly relate fabric feel without having to wait for a physical sample which can delay the development process.

What is a “fabric feel factor?” It is a number which someone may be able to learn and associate in their mind when imagining what the fabric will feel like. The relational value comparison is based on many fabrics familiar to users. This is like understanding a weather report where, for example, the temperature is 56 degrees Fahrenheit but “feels like” 65. This “feels like” conveys that one might feel warmer than the current temperature would indicate. This may be due to various reasons in the environment for that day including wind velocity and humidity. Simply telling the relative humidity is a certain value or that the wind is at a certain velocity does not instantly convey the feel factor of the temperature. However, if it is told that the temperature feels like 65 degrees it instantly conveys what to expect.

A similar analogy has been applied to fabrics. For example, most apparel people know from experience how soft a fine silk scarf feels and know that raw denim or burlap is rough. A number can be assigned to fabrics that will convey to the mind the feel factor of the fabric. If the softest fabric was a 10 on a scale of 1 to 10 and the roughest was a 1, then other fabrics fall in between. This determination from most used fabrics now can be classified with reference number for each and a feel factor for new fabric will help the design community to “digitally feel” the fabric while they can see the drape and movement of fabric in TUKA3D. These values can then be tabulated and the mean for each fabric taken and assigned to that fabric.

“What do you feel when someone say it feels soft like baby’s skin, or it tastes too salty, or the sound is too loud. As humans, we do have our sensory abilities to predict taste or listening on a decibel factor, same senses can relate these ‘feel factor’ to predict the feel of fabrics by comparison numbers of known fabrics. We wanted to give designers the ‘feel factor’ to help speed up the product development process in digital format, as well as give consumers the ability to digitally feel the fabric before making their purchase,” explains Ram Sareen, CEO-Founder of Tukatech. 

For more information about our latest fabric feel factor feature, TUKA3D, or any other solutions, please visit www.tukatech.com or email tukateam@tukatech.com.

About Tukatech – Tukatech was founded in 1995 with the objective to have pattern makers create patterns digitally on the computer. On their silver anniversary, Tukatech is an influential fashion technology company known worldwide for innovative solutions and superior technical support. They are the industry’s leading provider of award winning CAD (TUKAcad), Automatic Marker Making (SMARTmark), and 3D software (TUKA3D virtual fit and sampling and TUKA3D Designer Edition Visualizer) and machinery for product development, cloud collaboration, and garment manufacturing. Visit us at: www.tukatech.com 

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Frost & Sullivan Applaudes AWS for Leading the Automotive Cloud Services Market with a Comprehensive Suite of Solutions

AWS complements its large ecosystem of solutions and partners with a deep focus on customer experience

SANTA CLARA, California, July 22, 2020 — Based on its recent analysis of global automotive cloud services platforms for the mobility industry, Frost & Sullivan recognizes Amazon Web Services, Inc. (AWS) with the 2020 Global Company of the Year Award. AWS has cemented its leadership in cloud by delivering innovative solutions to automotive companies for unique connected, autonomous, shared, and electric (CASE) use cases. It also offers unparalleled support through dedicated account managers, solution architects, and a partner community that can deliver round-the-clock services at scale.

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AWS offers over 175 fully featured services from the world’s most comprehensive and broadly adopted cloud platfrom from 76 Availability Zones (AZs) within 24 geographic regions. The company boasts a more extensive set of CASE-related cloud services, such as AWS IoT, AWS Outposts, and AWS Wavelength, than what is available from other competitors. AWS offers broad and deep capabilities, including artificial intelligence and machine learning, Internet of Things (IoT), high-performance computing, purpose-built databases, and data analytics. These capabilities reinforce high performance, tight security, continuous innovation, and the largest customer and partner community in the world.

“AWS stands out with its industry-best scalability, elasticity, innovation, cost savings, and global reach. More importantly, it creates clear value by focusing on its clients and then co-locating, co-developing, and co-investing with them through a highly distinct engagement model,” said Niranjan Manohar, Research Director at Frost & Sullivan. “The company places direct emphasis on interoperability to connect its platform to the broader ecosystem of Amazon’s offerings, such as its supply chain or Alexa. By maintaining this level of interconnectivity, AWS can provide a rich, differentiated experience for its customer base.”

Further demonstrating its leadership, AWS supports the entire automotive value chain, including auto-tech start-ups, Tier I suppliers, mobility service providers, fleet providers, and OEMs. Its partner-centric strategy supports several purpose-built, connected car, and autonomous third-party platforms. Besides CASE offerings, AWS specializes in product innovation, connected mobility, digital customer engagement, manufacturing, and supply chains. Its solution architects are available to provide assessments and actively seek out opportunities to reduce operational costs and increase revenue.

“In 2019, AWS collaborated with Volkswagen to power Volkswagen’s Industrial Cloud. Ford Motor Company and Autonomic both began a multi-year agreement with AWS to expand the availability of cloud connectivity services and connected car application development services. Its expanding list of clients includes industry powerhouses like BMW Group, Kia, Honda, Mazda, Uber, Elektrobit, Cox Automotive, and Edmunds,” noted Manohar. “With its innovative solutions, customer-centric design, and strong overall performance, AWS is expected to continue dominating the market in the future.”

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Kristen Moore
P: 210.247.3823
E: kristen.moore@frost.com

Related Links :

http://www.frost.com

YSoft OMNI Series Instantly And Securely Connects Printers To Universal Print From Microsoft

 New Cloud/Edge solution cost-effectively enhances Universal Print from Microsoft –

BRNO, Czech Republic and DALLAS, July 21, 2020 — Y Soft, the leading enterprise workflow solutions provider, today announced a new cloud/edge computing product family, YSoft OMNI Series™, which consists of YSoft OMNI Bridge™, and YSoft OMNI Apps™, of which YSoft OMNI UP365™ is the first app to be introduced. With OMNI Bridge and OMNI UP365, any in-market network printer or MFD is instantly and cost-effectively Universal Print compatible without needing a full print management system.

Announcing the YSoft OMNI Series - YSoft OMNI Bridge and YSoft OMNI UP365. With OMNI Bridge and UP365, any in-market printer is instantly Universal Print compatible without needing a full print management system.
Announcing the YSoft OMNI Series – YSoft OMNI Bridge and YSoft OMNI UP365. With OMNI Bridge and UP365, any in-market printer is instantly Universal Print compatible without needing a full print management system.

Universal Print, developed by Microsoft, moves key Windows Server print functionality to the Microsoft 365 cloud. Organizations no longer need on-premise print servers or need to manage printer drivers, a long-standing burden on IT resources.

Due to a lack of Universal Print-enabled printers on the market, Microsoft provides connector software. However, the connector software requires a Windows 10 or Windows Server machine (physical or virtual). This Windows machine needs to be maintained, which increases IT burden. Additionally, it also presents a single point of failure, a concern when printing is part of business-critical processes.

With YSoft OMNI Bridge and YSoft OMNI UP365, any in-market multifunction device or network printer is instantly Universal Print compatible without requiring a local or remote Windows 10 or Windows Server machine. OMNI Series eliminates the need to manage printer drivers and install printers and print queues on Windows servers or workstations. It also allows for zero infrastructure, zero-trust network security, and zero IT know-how; printing is simply available to users in seconds.

Today, the YSoft OMNI Series offers these enhanced features for instant Microsoft 365 cloud connectivity and Universal Print compatibility:

  • YSoft OMNI Bridge, a serverless Edge device, connects networked printers to the cloud. Combining two or more YSoft OMNI Bridge devices into a group enhances the business value by providing failover and load balancing when high availability for print services is required.
  • YSoft OMNI UP365 instantly connects current in-market printers to Microsoft 365 via Universal Print. An OMNI UP365 subscription can be purchased for 1, 5, or 25 printers. OMNI UP365 is built on Y Soft’s advanced Universal Print integration, which provides unique benefits – such as failover and load balancing for increased resiliency.

YSoft OMNI Bridge is extensible with future YSoft OMNI Apps for incremental connectivity and additional printing and print fleet functionality for businesses of any size.

“Many customers told us they want to move print functionality to the cloud as they are migrating to Microsoft 365. They can now do that with Universal Print, but don’t want to replace all their printers and MFDs with devices that support Universal Print natively. YSoft OMNI Series provides these organizations with an elegant solution to take advantage of cloud-based print infrastructure today”, said Rani Abdellatif, Sr. Program Manager in charge of Universal Print connector technology at Microsoft.

“As a YSoft SAFEQ print management customer, Microsoft is uniquely aware of our technology capabilities. When they challenged us to create a solution that enabled in-market devices to be instantly Universal Print compatible, we saw a unique opportunity,” said Václav Muchna, CEO and co-founder, Y Soft. “The result is YSoft OMNI Series which will help businesses of all sizes reduce the print services burden on IT staff,” he added.

“Y Soft continues to advance its portfolio and now has a range of offerings to provide customers with multiple entry points into cloud-based print and print management,” says Robert Palmer, Research VP with IDC’s Imaging, Printing, and Document Solutions Group. “YSoft OMNI Series offers a unique value proposition by providing a solution for those customers anxious to deploy Microsoft Universal Print for use with legacy printing devices.”

Y Soft has a history of designing and manufacturing companion hardware devices for printers, and this experience – along with being a Microsoft Gold-certified ISV partner —  makes the company uniquely qualified to offer YSoft OMNI Series as the perfect solution for Universal Print capabilities today and the future services that YSoft OMNI Apps will provide.

Availability for YSoft OMNI Series
If you are interested in YSoft OMNI Series, sign up for availability in your country here www.ysoft.com/omniorders.

Y Soft also announced today that the YSoft SAFEQ Cloud™ family (YSoft SAFEQ CloudPro™ and YSoft SAFEQ Breeze™) of cloud-based print management services are fully integrated with Universal Print. YSoft SAFEQ, which provides on-premise print management services, is also fully integrated. If you are interested in YSoft SAFEQ and YSoft SAFEQ Cloud family integrated with Universal Print, please use www.ysoft.com/safequp to register your interest and your local Regional Sales Manager (RSM) will be sure to contact you.

About Y Soft

Y Soft develops intelligent Digital Transformation office solutions for enterprise, SMB, and Education that empower employees to be more productive and creative. Our YSoft SAFEQ® workflow solutions platform in the cloud and on-premise enables businesses to manage, optimize and secure their print and digital processes and workflows. Our YSoft BE3D™  3D print solutions are focused in the Education sector where they provide unique ease of use and safety benefits, while utilizing YSoft SAFEQ software for seamless 3D print management.

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe, and Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com.

Y Soft, YSoft OMNI Series, YSoft OMNI Bridge, YSoft OMNI Apps, YSoft UP365, YSoft SAFEQ, YSoft SAFEQ Cloud, YSoft SAFEQ Breeze, and YSoft SAFEQ CloudPro are trademarks or registered trademarks of Y Soft Corporation a.s. in the European Union and other countries. All other names are trademarks or registered trademarks of their respective companies.

Media contacts:

 
   

Global:
Steven Knuff
Senior Manager, Global PR and Analyst Relations
steven.knuff@ysoft.com
+1 512 810-3207

Czech Republic:
Jiří Kocourek
jiri@parco.cz
+420 775 630 414

Related Links :

http://www.ysoft.com

Zuper and Zendesk Collaborate to Help Organizations Transform Customer Service Experience

SEATTLE, July 21, 2020Zuper, a platform for intelligent workforce management, today announced its integration with Zendesk Inc. (NYSE: ZEN). This integration will enable organizations to better align their customer support and field service teams to provide the best possible customer experience. Zuper is already working with thousands of customers worldwide and has handled over Two million work orders.

As a Zendesk Technology Alliances Partner, the Zuper Workforce Management Solution is now available in the Zendesk marketplace. Zuper has built the world’s most comprehensive field service management platform which helps organizations to provide exceptional Customer Experience. Zuper integration with Zendesk empowers the customer support agent to directly schedule, dispatch and allocate the ticket to a mobile workforce to improve productivity, efficiency and offer the best experience to the customers.

“Zuper for Zendesk is a great solution for organizations looking to seamlessly connect their customer support and field service teams,” said Jerome Agnola, Director of Technology Alliances at Zendesk. “Zuper’s simple and scalable remote workforce management platform helps automate many complex tasks such as creating a service dispatch directly from a Zendesk ticket, or publishing status of a work order into Zendesk.”

“Service businesses are working diligently to keep pace with customer expectations that have changed dramatically during the COVID pandemic. One of the most critical challenges is to ensure that support and service teams are tightly aligned. This integration enables organizations to leverage Zuper and Zendesk in a customized fashion that is optimal for business success,” said Anand Subbaraj, CEO of Zuper Inc. “Our partnership with Zendesk is an important milestone to empower global organizations to provide the best customer experience.”

Zuper’s AI-powered, intelligent workforce management platform helps service organizations manage, modernize and transform the field and remote workforce. The enterprises and midsized businesses using Zuper across thousands of employees have benefited from significant operational advantages including a 50% increase in workforce utilization, 35% reduction in service turnaround time, 45% increase in customer adoption and profitability, and 30% reduction in costs.

About Zuper

Zuper enables organizations with field service teams to better organize and provide the best possible customer experience through its intelligent workforce management platform. The company’s white-label application allows businesses to efficiently manage their operations and workforces from anywhere and dispatch the right person with the right information at the right time. The company also helps organizations maintain COVID-19 compliance and create a safe environment for employees, customers, and the community through its ZuperCCPack. Founded in 2016, Zuper Inc is headquartered in Seattle and has offices in India and the Middle East. For more information, please visit https://zuper.co/.

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Kamakura Corporation Names Don M. Griffith to Board of Directors

NEW YORK, July 20, 2020 — Kamakura Corporation is pleased to announce the expansion of its Board and the election of Don M. Griffith to the Board of Directors.  Mr. Griffith was the founder, chairman and chief executive of Grandpoint Capital, Inc, the parent company of Grandpoint Bank.  He previously founded two banking companies, an investment and advisory firm, and served as Executive Vice President and Chief Financial Officer of First Interstate Bancorp.  After earning his MBA at Harvard Business School, Mr. Griffith began his banking career at Citibank in New York and Mexico before joining Bank of America.  Mr. Griffith earned a Bachelor of Arts from Stanford University and his Master of Arts in political science from University of California, Berkeley.

Don M. Griffith
Don M. Griffith

“We are pleased to welcome Don Griffith to the Board as a new independent director.  Kamakura entered 2020 with a number of strategic opportunities to accelerate growth and leverage our risk analytics platform, Kamakura Risk Manager, and Kamakura Risk Information Services (“KRIS”).  Don complements the skills and background of our current directors and brings banking, investment and deal experience to the board at a transformational inflection point for the company,” said Martin Zorn, Kamakura’s president and Chief Operating Officer.

“It was a great pleasure for me as a young banker to work with Don Griffith at First Interstate Bancorp.  He brought amazing creativity and energy to First Interstate as Chief Financial Officer, and we are sure he will do the same at Kamakura as we rapidly grow our advantage as the global leader in enterprise risk management software and related risk information,” said Donald R. van Deventer, Kamakura’s founder, Chairman and Chief Executive Officer.  “There are very few leaders in the financial services industry that have accomplished as much as Don Griffith. His wise counsel and collaborative approach will help us drive value for our clients and our shareholders”.

Kamakura’s other members of the Board of Directors are  Donald R. van Deventer, Martin Zorn, Professor Robert A. Jarrow and V. Vance Roley, Dean of the Shidler College of Business at the University of Hawaii.

About Kamakura Corporation
Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing, and software. Kamakura was recognized as a category leader in the Chartis Report, Technology Solutions for Credit Risk 2.0 2018.  Kamakura was named to the World Finance 100 by the editor and readers of World Finance magazine in 2017, 2016 and 2012. In 2010, Kamakura was the only vendor to win two Credit Magazine innovation awards. Kamakura Risk Manager, first sold commercially in 1993 and now in version 10.0.5, is the first enterprise risk management system for users focused on credit risk, asset and liability management, market risk, stress testing, liquidity risk, counterparty credit risk, and capital allocation from a single software solution. The KRIS public firm default service was launched in 2002. The KRIS sovereign default service, the world’s first, was launched in 2008, and the KRIS non-public firm default service was offered beginning in 2011. Kamakura added its U.S. Bank default probability service in 2014.

Kamakura has served more than 330 clients with assets ranging in size from $1.5 billion to $3.0 trillion.  Current clients have a combined “total assets” or “assets under management” in excess of $26 trillion.  Its risk management products are currently used in 47 countries and regions, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, Ukraine, South Africa, Australia, mainland China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Sri Lanka, Taiwan, Thailand, Vietnam, and many other countries in Asia, Europe and the Middle East.

To follow risk commentary by Kamakura on a daily basis, please follow:

Kamakura CEO, Dr. Donald van Deventer (www.twitter.com/dvandeventer)
Kamakura President, Martin Zorn (www.twitter.com/riskmgrhi
Kamakura’s official twitter account (www.twitter.com/KamakuraCo).

For more information, please contact:
Kamakura Corporation
2222 Kalakaua Avenue, Suite 1400, Honolulu, Hawaii 96815
Telephone: 1-808-791-9888
Facsimile: 1-808-791-9898
Information: info@kamakuraco.com 
Web site: www.kamakuraco.com

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OctaFX Fights Fraud on the Forex Market

KINGSTOWN, Saint Vincent and the Grenadines, July 20, 2020 — OctaFX is an international online broker who has been providing trading services worldwide over the last nine years. They have noticed a recent rise in the number of scammers who try to associate themselves with the company and defraud traders of their funds. 

The fake websites are not that easy to pinpoint at a glance. Some of the fraudsters started acquiring security certificates and using .com as their top-level domain so that the potential traders would not notice anything suspicious when looking at the address bar. 

One way traders can avoid being defrauded by OctaFX impersonators is by paying attention to the domain name itself. The broker regularly warns its clients about fake websites and social media accounts that use different variations of the OctaFX brand name. The company stresses that it only works under its official brand name. 

The OctaFX clients should also pay attention to the payment processing. The broker only processes payments through the client’s profile on the official website or the OctaFX Trading App and the OctaFX Copytrading App.

Fighting fraudsters on the Forex market is a complex task that requires effort from all parties involved. OctaFX is doing its best to take down fake websites and social media accounts. The team told us that it would be much harder without the trader community help. OctaFX is thankful to traders who diligently report fake websites and accounts that try to pass themselves off as the broker. 

About OctaFX 

OctaFX is a Forex broker providing online trading services worldwide since 2011. It offers a state-of-the-art trading experience to more than two million trading accounts. OctaFX has won more than 20 awards since its foundation, including the Best ECN Broker 2020 award from World Finance. The company is well-known for its social and charity activity. It also regularly conducts global and local promotion campaigns with valuable money and product prizes. 

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Contact:
marketing@octafx.com 
+34-691-370-613

Related Links :

https://www.octafx.com

Unbxd collaborates with Peak Activity to offer headless commerce implementation for eCommerce businesses

SAN MATEO, California, July 20, 2020 — Unbxd Inc., a leading provider of AI-based Commerce Search and Product Discovery solution today announced its partnership with Peak Activity, a technology, and marketing consultancy that partners with enterprises to “Dream, Deliver, & Elevate” their digital results by creating eCommerce platforms that achieve long term and scalable growth through game-changing technology. This is pertinent in today’s economy where more businesses are headed the eCommerce way.

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“At PeakActivity, we help online retailers create digital experiences that are fast to stand up, fast to load, and deliver personalized customer journeys.  With the power of Unbxd, we are able to assist shoppers in navigating these websites quickly and connect them to the products they are most likely to buy,” says Manish Hirapara, CEO at Peak Activity.

Unbxd with its AI-powered relevance, robust and reliable APIs on a cloud-based platform helps Peak Activity to enhance the on-site shopper experience and boost conversions for its customers. Unbxd adds a layer of data sciences and analytics for customers of Peak Activity to drive useful insights and make informed business decisions.

“With our partnership with Peak Activity, we are enabling faster go to market for all online retailers looking to optimize shopping interactions that enable product discovery,” says Pavan Sondur, CEO, Unbxd. He adds, “Our product offering has not only made retailers see more engagement with the shoppers along the buying journey but has also made Peak Activity maximize returns for their customers through headless commerce implementation.”

About Peak Activity:
PeakActivity partners with enterprises to elevate their digital results by creating eCommerce platforms and digital marketing experiences that help grow their business. It delivers innovation, emerging technology, and mobile solutions to the enterprises headed the eCommerce way. Peak Activity’s capabilities span a wide range of sectors and industries, including hospitality, manufacturing, retail, biotechnology, real estate, and finance.

About Unbxd:
Unbxd is an AI-powered eCommerce search solution that understands shoppers’ intent and connects them to the products they are most likely to buy — across site search, browse, and recommendation purchase journeys. Unbxd powers search for more than 1300+ eCommerce sites across 40+ countries. The Unbxd product discovery solution is custom-built to be deployed across verticals such as Fashion, Healthcare, Pharma, Autoparts, Home Decor, B2B, and Mass Merchants. For more information, please visit unbxd.com or follow them on LinkedIn.

CONTACT: media@unbxd.com

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http://www.unbxd.com

Color Star Technology Announces Management Change to Strengthen Leadership and Better Positioned to Implement its Business Plan

NEW YORK, July 18, 2020 — Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the “Company”, “we” or “HHT”), a company engaged in the business of providing innovative education services, announced the resignation of Yang (Sean) Liu as CEO and chairman of the board of directors and the appointment of Mr. Biao (Luke) Lu as his successor on July 17, 2020.  Under Mr. Liu’s leadership, the Company successfully completed its transition to an innovative education service provider. Given Mr. Liu’s professionalism in Information Technology development and management, he will redirect his focus to act as the Company’s Vice President of Technology and be in charge of the development of the software and technology related to our “Color World” platform. The Board is pleased to announce that Mr. Biao (Luke) Lu has been appointed as CEO and Chairman of the Board to further implement the Company’s business plan. Such management change is due to the Company’s development layout in an effort to make full preparations for the “Color World” platform to be launched soon.

Mr. Lu is a famous film producer and agent in China and has been in the entertainment industry for 25 years. He started engaging in film and TV drama production at China Central Television (CCTV) in 1997. From 2005 to 2017, he served as CEO of “Dongxing Time International Culture” where he expanded the global artist brokerage business and signed many famous artists in Asia. In 2017, he joined “Hong Kong War Tiger Pictures” as its CEO where he invested in and produced many popular films such as “Ocean Paradise,” “Happy Bureau,” “Stalker,” “I want to be rich,” “Transformation Group,” and “Lifetime with You,” etc. At the same time, he also participated in the production of many artists’ records, concerts and a variety of shows.

The online education platform “Color World” created by Color Star is very different from other traditional education platforms. The instructors are well-known stars or producers. The students will learn from those instructors and benefit from their professional experience and knowledge, and they will offer our students more practical guidance. Therefore, Mr. Lu’s leadership will bring his 25 years of entertainment and management experience to Color Star, so that the Company will be able to attract more artists to join as its instructors. Mr. Lu will lead the sales of artists’ peripheral products and interactive videos of artists on the “Color World” platform, a unique addition to the platform and a boost to the company’s sales and revenue.

This management change will maximize the team’s expertise and experience. In the future, Color Star intends to set up offline bases in the United States and a number of countries in Asia to achieve a sophisticated combination of online and offline education mode in an endeavor to bring a new music and entertainment education experience to millions of students worldwide.

About Color Star Technology Co., Ltd.

Color Star Technology, is a holding company whose primary business is offering both online and offline innovative education services. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The Company also anticipates providing an after-school tutoring program in New York via its joint venture entity Baytao LLC, and providing online music and entertainment education via a platform branded “Color World.”

Forward-Looking Statements

Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include the business plans, objectives, expectations and intentions of the parties following the completion of the acquisition, and HHT’s estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 virus and the impact it will have on HHT’s operations, the demand for the HHT’s products and services, global supply chains and economic activity in general. These and other risks and uncertainties are detailed in the other public filings with the Securities and Exchange Commission (the “SEC”) by HHT. Additional information concerning these and other factors that may impact our expectations and projections will be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended June 30, 2019. HHT’s SEC filings are available publicly on the SEC’s website at www.sec.gov. HHT disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

Color Star Technology Co., Ltd.
Contact: Investor Relations
FinancialBuzzIR™
info@FinancialBuzzIR.com
Tele: +1-877-601-1879

Xsight Systems and Bayanat Engineering Qatar Partner to Deploy RunWize™ FOD Detection Solution at Hamad International Airport

DOHA, Qatar, July 17, 2020 — Hamad International Airport (HIA), awarded Bayanat Engineering Qatar the deployment of Xsight Systems’ RunWize™ Foreign Object & Debris (FOD) detection system. HIA is currently ranked as the third best airport in the world by Skytrax World Airport Awards 2020 and serves as Qatar Airways’ international hub.

Xsight Systems’ sensors deployed along the runway
Xsight Systems’ sensors deployed along the runway

Xsight Systems, the leading global provider of advanced runway safety solutions, have partnered with Bayanat Engineering Qatar, a leading airport systems integrator in the Gulf and North Africa, to deliver an intelligent Runway Debris Monitoring System (RDMS) at HIA, part of the airport’s plan to elevate its safety measures and acquire the latest and most advanced runway technologies. RunWize™ will be implemented on the airport’s two parallel runways, one of them being one of the longest in the world at 4,850 meters in length.

Xsight Systems RunWize™ solution provides real-time, automated FOD detection, location, identification and classification, chosen and defined by HIA as a Tier 1 system to take a major part in the airport’s robust eco-system harmonized with other critical interfaces at HIA. This will ensure full runway coverage and ascription capabilities for guaranteed runway safety and operational efficiency during take-off and landing by using sophisticated image and radar processing algorithms based on Artificial Intelligence (AI).

Ioannis Metsovitis, Senior Vice President of Operations at HIA, stated: “HIA champions the adoption of cutting-edge technologies to ensure operational efficiency. The Runway Debris Monitoring System is one of such intelligent safety solution implemented at our airport to accelerate our digital transformation. HIA partners with the world’s leading technology experts to implement the latest innovations and intelligent solutions to ensure the highest levels of passenger experience and safety.”

Yaniv Mendelson, VP Sales of Xsight Systems Inc., said: “We are proud to have Xsight’s RunWize™ recognized as a critical and integral part of HIA’s advanced eco-system to fully integrate and complement other critical systems. This prime function of the RunWize™ within HIA serves as an evidence to the importance the airport attributes to improving safety and efficiency during the take-off and landing operation.”

Hasan Ezzeddine, General Manager at BEQ: “As one of the prime partners for HIA, we supply latest advanced technologies and the installation and maintenance to upgrade existing capabilities of the aviation sector towards achieving the supreme operation performance. We ensure the availability of the leading product for our customer with outstanding end-to-end execution. Our commitment is to the deliver the outstanding service to provide and improve leading safety standards.”

About Xsight Systems

Founded in 2005 Xsight Systems developed advanced runway hazard detection solutions with nearly 1,100 sensors deployed on runways worldwide. Xsight’s proprietary solution RunWize™ provides an automatic and continuous detection to minimize the damages to aircrafts caused by hazards, allowing safer and more efficient runway operations.

Xsight Systems commercially installed in Boston Logan International Airport and Seattle-Tacoma International Airport in addition, Xsight systems is deployed in Bangkok Suvarnabhumi International Airport and Beijing Capital International Airport and Beijing Daxing International Airport in China. Xsight Systems exceeds and complies with regulatory requirements worldwide (ICAO, FAA, CAAC, EASA), while also providing tools to comply with the upcoming Global Reporting Format (GRF) set by ICAO. www.xsightsys.com

About Bayanat Engineering Qatar

BEQ is a key player in the aviation sector in Middle East and North Africa having delivered over 1,000 projects in its 20 years of dedicated airport solutions expertise in several airports. BEQ is specialized in Air Traffic Management, Airside and Terminal systems, with the deployment and integration of a wide range of complex solutions attending the needs of airport authorities, air navigation service providers, civil aviation authorities, and military and defense. qatar.bayanatengineering.com

About Hamad International Airport

HIA, the gateway to Qatar and the World.

Positioned at the edge of the Arabian Gulf, Hamad International Airport’s tranquil waterside setting provides a perfect backdrop for its stylish architectural elements, underpinned by advanced airport systems in line with its “Smart Airport” vision. Operating 24/7, the airport features two runways, a state-of-the-art air traffic control tower and currently processes 30 million passengers per year and 360,000 aircraft per year. With over 40,000 square meters of combined retail, food and beverage facilities, unmatched spa facilities and a collection of unique art pieces from internationally acclaimed artists, HIA is a destination on its own, designed for the modern traveler.

HIA is undertaking an expansion to meet the growing demand for air travel and enhance its position as the preferred gateway for travel. It will deliver on the promise of the “airport-of-the-future” by enhancing the multi-dimensional offerings by integrating a refreshing environment of lush greenery with contemporary retail and dining concepts among other leisure attractions and facilities under one expansive terminal.

HIA’s commercial and operational functions are managed by MATAR, the Qatar Company for Airports Management and Operation and a corporate subsidiary of Qatar Airways Group.

HIA is classified as a five-star airport by Skytrax and currently holds the “Third Best Airport in the World,” “Best Airport in the Middle East” and “Best Staff Service in the Middle East” titles.

For more information, visit HIA’s website www.dohahamadairport.com and follow the airport’s latest news on HIA’s social media channels: Twitter, Facebook, Instagram.

For HIA corporate images, please click here.

Photo – https://techent.tv/wp-content/uploads/2020/07/xsight-systems-and-bayanat-engineering-qatar-partner-to-deploy-runwize-fod-detection-solution-at-hamad-international-airport.jpg

Contact Information:

Xsight Systems:
Yaniv Mendelson
marketing@xsightsys.com

Hamad International Airport:
Marketing and Corporate Communications Department
hiamedia@hamadairport.com.qa

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