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PR Newswire

Webb Fontaine Awarded New Contract by Ethiopian Government to Strengthen Trade Facilitation

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DUBAI, UAE, July 6, 2023 /PRNewswire/ — Webb Fontaine, a global leader in AI-powered trade solutions, is proud to announce that it has been awarded a contract with the Ethiopian government to continue its crucial work in the enhancement of the Customs system. This partnership marks a significant milestone in Webb Fontaine’s ongoing commitment to driving trade facilitation and economic growth in Ethiopia.

Ethiopia, with its incredibly large volumes of trade transactions, presents immense opportunities for economic expansion. Recognizing this potential, Webb Fontaine is honored to have the opportunity to continue its collaboration with the Ethiopian government in further advancing the country’s Customs system.

Pascal Minvielle, COO of Webb Fontaine, expresses his pride, saying, “We are incredibly proud of the achievements realized through our previous contract with Ethiopia Customs, where we successfully implemented a new Customs system. This new contract signifies a pivotal moment in our partnership, as we focus on developing and expanding upon the foundations we have established. Webb Fontaine is fully committed to working alongside the Ethiopian government to drive trade facilitation and foster sustainable economic growth.”

The second contract emphasizes the mutual dedication of Webb Fontaine and the Ethiopian government to leverage cutting-edge technology and innovative solutions to streamline trade processes and enhance Customs operations. By further developing the Customs system, Webb Fontaine aims to optimize efficiency, increase transparency, and improve revenue collection, ultimately driving economic prosperity in Ethiopia.

The successful implementation of the new Customs system under the previous contract has already demonstrated its transformative impact on trade facilitation in Ethiopia. This new contract represents a continuation of the partnership’s shared vision to build on the system’s success, harnessing its potential to revolutionize trade processes and strengthen Ethiopia’s position in the global market.

Webb Fontaine is committed to delivering state-of-the-art solutions powered by AI and innovative data analytics. Through this ongoing collaboration, the Ethiopian government will benefit from advanced tools and technologies that facilitate seamless trade operations, effective risk management, and simplified document submission and verification.

This partnership is a testament to Ethiopia’s commitment to digital transformation and Webb Fontaine’s dedication to supporting the country’s ambitious trade facilitation goals. Together, they will continue to enhance the Customs system, driving economic growth, attracting investments, and fostering stronger international trade relationships.

PR Newswire

Emerson and Cavendish Renewable Technology to Drive Innovation in Hydrogen Applications

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Automation software and technologies chosen to help improve efficiency, safety, emissions and faster time-to-market for hydrogen-based solutions

MELBOURNE, Australia, July 5, 2023 /PRNewswire/ — Global technology and software leader Emerson (NYSE: EMR) today announced that Cavendish Renewable Technology (CRT), an Australia-based startup with proprietary hydrogen technologies, will work with Emerson’s automation and software portfolio to accelerate the deployment of CRT’s hydrogen production solutions.

As the world continues to seek sustainable energy alternatives, hydrogen has emerged as a promising carrier of cleaner energy. With its immense potential to help reduce greenhouse gas emissions, hydrogen technologies have become a key focus for researchers, industries and governments worldwide.

“It’s going to be a golden era for hydrogen over the next decade,” said Ani Kulkarni, Ph.D., CRT’s chief executive officer. “Working with Emerson will enable us to optimize and scale our operations, which will help accelerate the global adoption of hydrogen technologies to meet energy targets and reduce global emissions.” 

Under the agreement, Emerson will leverage its extensive automation expertise and portfolio, including software, control systems, instrumentation, valves and safety solutions, for CRT’s hydrogen electrolysers and ammonia processing equipment.

“Emerson’s hydrogen experience and automation technology will help CRT digitalize its operations for improved safety and reliability while also accelerating the delivery of its hydrogen-based products and solutions,” said Mike Train, Emerson’s senior vice president and chief sustainability officer. 

“Our value proposition is two-fold,” said CRT CEO Kulkarni. “Our proprietary electrolyser technology will enable production of green hydrogen at scale which we aim will be cost competitive to fossil fuels, and our ammonia solution can convert ammonia directly into electricity, a one-step process that uses far less energy than converting ammonia back into hydrogen before electricity is produced.”

Additional resources:
• Join the Emerson Exchange 365 Community
• Connect with Emerson via Twitter Facebook LinkedIn YouTube

About Emerson 
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world’s essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. For more information, visit Emerson.com.

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PR Newswire

Dstny Appoints Christophe Costers as Chief Operating Officer (COO)

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BRUSSELS, July 4, 2023 /PRNewswire/ — Dstny, a leading European provider of cloud-based business communications, today announced the appointment of Christophe Costers as Chief Operating Officer. Christophe who is an experienced business leader with a strong track record in transformational management, will drive Dstny’s business performance and sustainable growth.

Christophe Costers brings nearly 20 years of diverse experience in various business functions, including P&L ownership, strategy consulting, and entrepreneurship. In addition, he has extensive industry expertise in Telecom/ICT services and private equity. Costers has solid international experience in over 25 countries in developed and emerging markets.

Most recently, he held several senior management roles at Telenet, a leading Belgian Telco with ~€2.6Bn revenues, where he consistently demonstrated exceptional performance and leadership.

“Our industry is undergoing rapid transformation, and Christophe’s unique blend of skills and experience make him the ideal person to lead our business performance initiatives,” said Daan De Wever, CEO of Dstny. “With Christophe on board, we are confident in our ability to accelerate our growth and boost vitality for our customers, partners, employees, and planet.”

“I am thrilled to join Dstny and work alongside a talented team to further strengthen the company’s position as a leader in cloud-based Business Communications,” said Christophe. “I look forward to leveraging my experience to drive sustainable growth and help Dstny deliver exceptional value to our customers and partners.”

About Dstny

Dstny is a premier European provider of cloud-based business communications solutions. With more than 3 million users, Dstny simplifies communication for companies, partners, and service providers with interactive tools delivered as-a-service across all formats, including voice, video, and chat. Featuring a mobile-first design and easy integration, Dstny’s innovative technology and strong local partnerships allow for delivering exceptional user experiences. Headquartered in Brussels, Dstny has ca. 1000 employees in 7 European countries and a ca. €250 million annual revenue.

Learn more at www.dstny.com.

For further information:
Christian Hed – CMO
Dstny 
christian.hed@dstny.com
+46707187603

PR Newswire

Basis Technologies launches ActiveDiscover to ensure SAP change decisions are “based on information not intuition”

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Businesses can now access data-led insights in change management to improve accuracy, lower cost, and reduce risk of software failure

SYDNEY, July 4, 2023 /PRNewswire/ — Basis Technologies, the software company helping the world’s best performing organizations unlock their full potential with SAP, has bolstered its product suite with the launch of ActiveDiscover.

With businesses needing to innovate faster, stay agile and seize opportunities for growth, ActiveDiscover provides actionable insights to understand the impact of change in the complex world of SAP, helping improve accuracy, lower cost and eliminate risk. Businesses can now understand, ahead of time, key considerations such as dependencies, required resources, testing effort and technical debt, enabling more effective decision-making at each stage and at every level.

According to industry figures*, more than half of software projects (53%) cost more than double their original estimates, almost half (48%) do not deliver anticipated business value and a similar percentage are delivered late.

Built to work in tandem with its change automation product ActiveControl, which is trusted by enterprise brands such as Honda, John Deere, Vistaprint and Ericsson, ActiveDiscover has already helped clients to achieve tangible business benefits during Beta testing, with early adopters including household name manufacturing and technology leaders. These benefits include more than 90% more accurate project estimations, a reduced risk of delays and greater identification of complexity saving businesses time, money and resource while reducing the risk of disruption that directly harms business operations.

“Armed with real-time insights from ActiveDiscover, clients are empowered to embrace every change, no matter how large or small. Our latest tool enables organizations to achieve the elusive trio of higher quality deliverables and faster delivery at a lower cost, empowering CIO’s agendas by helping businesses to embark on change programmes with confidence”, said Martin Metcalf, CEO at Basis Technologies.

“This is a milestone moment for our company, allowing us to support clients across the entire lifecycle of change in an increasingly competitive landscape. If businesses are to unlock their full potential with SAP, tools like ActiveDiscover are not only necessary, but crucial for success.”

“ActiveDiscover allows SAP teams to act on the impact changes will have on objects across multiple SAP systems and instances”, said Robert Holland, Vice President and Research Director at SAPinsider.

“For organizations running complex SAP landscapes that include significant customization, this allows for an improved understanding when rolling out updates. Having this knowledge as early as possible has the potential to ensure a more effective change process that reduces the likelihood of unexpected costs and failures, and maximises the business value.”

Poor software quality costs US organisations $2.08 trillion per year, with operational software failure the leading cost contributor, estimated at $1.56 trillion**. By understanding the impact of change, businesses are able to identify security concerns, uncover technical debt and change sinkholes, increase awareness of early deployment hazards and clarify and validate effort estimations.

George Apostolakis, Chief Product Officer at Basis Technologies, added: “We know that SAP represents the crown jewels for businesses across the world. Navigating the complex processes of SAP systems can be daunting, but with ActiveDiscover, you can confidently make informed decisions through comprehensive insights into the impact of every change, to ensure SAP change decisions are based on information not intuition.”

For more information, visit www.basistechnologies.com

Notes to editors

* The Most Surprising Software Project Failure Statistics And Trends in 2023 • GITNUX

** Consortium for Information & Software Quality (CISQ) (2022)

About Basis Technologies

Basis Technologies is trusted by the world’s best-performing organizations to unlock their full potential with SAP. Our industry-leading solutions help businesses drive transformation with confidence, achieving the freedom to outpace competitors while safeguarding critical systems that maintain business continuity. We help the likes of P&G, Honda, Boeing, and Booking.com lead the way by bringing actionable insights and automation to SAP change.

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PR Newswire

Global Industrial Control & Factory Automation Market to Surpass USD 259.84 Bn By 2031| Growth Market Reports

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PUNE, India, July 3, 2023 /PRNewswire/ — According to a recent market study by Growth Market Reports, titled, “Global Industrial Control & Factory Automation Market Segments – By Components, Solutions, Industries, and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the market size was USD 133.04 Bn in 2022 and is expected to surpass USD 259.84 Bn at a CAGR of 4% by 2031.


Key Players Covered

  • Honeywell International Inc
  • Yaskawa America, Inc.
  • KUKA AG
  • Infineon Technologies AG
  • ABB
  • Rockwell Automation, Inc.
  • OMRON Corporation
  • Roboze S.p.A.
  • Azbil Corporation.
  • SEIKO EPSON CORP

Download PDF Sample here: https://growthmarketreports.com/request-sample/3869

The report covers data on market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, industry players, and crucial strategies that helps market players to expand their business.

For Any Questions: https://growthmarketreports.com/enquiry-before-buying/3869

Key Takeaways:

  • Industrial control & factory automation refers to the use of control systems, including robots and computers to replace human beings in an industry.
  • Increasing government initiatives toward industrial automation and rising demand for safety compliance automation solutions are expected to boost the market.
  • The industrial 3D printing segment is anticipated to dominate the market, owing to the increasing adoption in the aerospace, automotive, and military sectors.
  • The discrete industries segment is projected to hold a major market share, owing to the growing acceptance of industrial control and factory automation systems for remote monitoring and getting insights into daily inventory.
  • Asia Pacific is anticipated to dominate the global market due to the high usage of automation technologies across industries.

Get Full Access to 205 Pages Report: https://growthmarketreports.com/checkout/3869

Segments Covered

Components

  • Industrial Sensors
  • Industrial Robots
  • Machine Vision
  • Control valves
  • Industrial PC
  • Control Devices
  • Field Instrument
  • Industrial 3D Printing
  • Human-machine Interface

Solutions

  • Distributed Control System (DCS)
  • Supervisory Control and Data Acquisition (SCADA)
  • Programmable Logic Controller (PLC)
  • Manufacturing Execution System (MES)
  • Product Life Cycle Management (PLM)
  • Plant Asset Management (PAM)
  • Functional Safety

Industries

  • Process Industries
  • Discrete Industries

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Related Reports:

Contact:
Phone: +1 909 414 1393
Email: sales@growthmarketreports.com
Web: https://growthmarketreports.com
LinkedIn: https://www.linkedin.com/company/growth-market-report/

PR Newswire

Lockin Company Sets New Standards in Mobile App Security Solution

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SEOUL, South Korea, July 1, 2023 /PRNewswire/ — Lockin Company, a leading cybersecurity service provider, is proud to announce a significant improvement of their app security solution called LIAPP. With the upcoming launch of their upgraded app security solution, LIAPP, on June 30th, Lockin Company aims to revolutionize the way developers protect their mobile applications. The latest enhancements focus on enhancing user convenience and fortifying security measures, ensuring a seamless and secure experience for app developers and users alike.

Dashboard of LIAPP offers enhanced UX/UI
Dashboard of LIAPP offers enhanced UX/UI

LIAPP, a user-friendly no-code SaaS-based security service, empowers developers to apply robust security measures to their apps effortlessly. By simply uploading their completed applications, developers can secure their mobile apps without the need for additional coding. This innovative solution offers flexible subscription plans, including annual and monthly options, catering to users’ preferred duration and budgetary requirements. The accolades received at the esteemed “Cybersecurity Excellence Awards” in March, where LIAPP triumphed in three categories – “Application Security,” “Mobile Application Security,” and “Runtime Application Self-Protection,” – further validate its effectiveness and popularity among industry professionals.

The upgraded LIAPP introduces a clean and intuitive user interface, enabling app developers to implement security measures with ease. The app protection and threat detection options have been enhanced, allowing developers to customize the application’s security based on their specific operational requirements. Furthermore, the subscription payment process has been redesigned for improved usability, ensuring a hassle-free experience for users. Recognizing the international user base, with over 40% of users coming from overseas, Lockin Company now offers support for English and Spanish languages, catering to global users and facilitating seamless adoption of LIAPP across different regions.

In response to the evolving landscape of hacking types and methods, LIAPP’s capabilities have been significantly enhanced. The solution now incorporates strengthened administrator privileges and virtual machine detection, optimizing post-security compatibility. Additionally, several security upgrades have been implemented, including support for two-factor authentication during login, providing an elevated level of protection against unauthorized access and potential threats.

Myoung Kyu Choi, CEO of Lockin Company, expressed his enthusiasm for the upgraded LIAPP, stating, “As the demand for our services grows in regions like Latin America and Europe, we have focused on enhancing convenience and fortifying security features, including multilingual support. With these extensive upgrades, we anticipate attracting a broader global user base due to the strong capabilities of LIAPP.”

Since its establishment in 2013, the company’s commitment to excellence and innovation has resulted in widespread adoption of LIAPP in numerous countries, including South Korea, Japan, India, the United States, Singapore, Thailand, Indonesia, and Brazil. Recognized as a prominent application security provider by Gartner, Lockin Company’s LIAPP has also been designated as an “Excellent Information Security Technology Product” by the Ministry of Science and ICT in South Korea.

PR Newswire

New ChatGPT integration with OpenAI in Wondershare Mockitt introduces a novel way of prototyping

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VANCOUVER, BC, June 26, 2023 /PRNewswire/ — Wondershare Mockitt, a prototyping tool, has just released a new version featuring AI integration. Powered by OpenAI’s ChatGPT, Wondershare Mockitt offers intelligent solutions for a wide range of prototyping needs – all while increasing the speed and efficiency of the prototyping experience.


The latest evolution of Mockitt  excitingly introduces AI Prototype, which completely transforms the design and prototyping process. With AI Prototype, users can enter the content of their prototype into an AI conversation box and, using Mockitt’s access to AI technology, the prototype will automatically generate a prototype based on text parsing.

The latest version of Mockitt includes the following new AI-driven features:

  • AI Prototyping: Generate interactive prototypes with simple prompt-based AI.
  • AI Chat: Have interactive conversations with the AI Assistant for ideas and inspiration.
  • AI Mind Mapping: Create intelligent mind maps with AI assistance.
  • AI Flowcharting: Easily map user processes and interactions with one-click flowcharting.
  • Magical Fill: Automatically fill in text in the prototype for easy additions.

“Mockitt’s access to AI technology is a groundbreaking release that meets the simple need for designers to complete complex designs.” Coco, Product Manager at Mockitt, said, “We are committed to introducing more frontline professional design tools and to continuously improving on innovative design features.”

Compatibility and Price 

Wondershare Mockitt is compatible with Web Online and pricing starts at $8 every month for a year subscription. For free trials, please visit our official website or follow us on YouTube, Facebook, Twitter, and Instagram to learn more about Wondershare Mockitt .  

About Wondershare

Wondershare is globally recognized as a software company that is committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and graphics, and more. Together, Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life.  

Global PR and Media Contacts
Iris L
irisl@wondershare.com

PR Newswire

United Imaging Introduces Next-Generation PET/CT Systems and Integrated Molecular Technology Platform at SNMMI

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With uMI Panorama™, United Imaging Continues to Push the Envelope on Whole-Body System Performance

HOUSTON, June 26, 2023 /PRNewswire/ — United Imaging, a global leader in manufacturing advanced medical imaging and radiotherapy equipment and a Leadership Circle sponsor at this year’s SNMMI, is making news on several fronts at SNMMI’s annual meeting in Chicago this week.

“There has been a debate in the marketplace for a while about the relative importance of resolution, axial field of view (FOV), and time of flight (TOF),” said Jeffrey Bundy, Ph.D, CEO of United Imaging Healthcare Solutions about the company’s product launch. “With the new wide-bore uMI Panorama and its 2.9 mm NEMA resolution, 35 cm axial FOV and 194 ps timing resolution, we will gladly have a conversation on any single specification or the collective benefit of all of them, because with this particular product, the need to compromise is gone.”

The uMI Panorama was teased recently in the media as one of United Imaging’s four new products in four different imaging modalities so far this year. Cheri Gottke, Vice President of the Molecular Imaging portfolio for the U.S., added that the uMI Panorama is currently installed at Huntsman Cancer Center in Salt Lake City, Utah and that “we chose SNMMI as the official stage to debut it.”   

United Imaging is showcasing a cutting-edge Molecular Imaging technology platform along with the uMI Panorama, called uExcel. The platform integrates hardware and software innovations to optimize performance, imaging capabilities and system functionalities. Its ultra-digital platform (UDP) detector boasts a high-performance ASIC chip, and its AI-empowered workflow streamlines operations and enhances examination efficiency. Exceptional image quality can be achieved with a lower dose, and the quality assurance module maintains peak performance of the system.

The uMI Panorama is a family of products that also includes a 510k pending system with a 148 cm axial FOV, the uMI Panorama GS. Built on the uExcel platform, this ultra-long axial FOV system allows for fast and high-resolution whole-body PET/CT imaging in a single bed position. The uMI Panorama GS is also being unveiled at SNMMI.  

United Imaging continues to see steady acceleration in demand for its popular digital PET/CT the uMI® 550, in both mobile and fixed configurations. “This is one of our most important molecular imaging innovations,” continued Gottke. “The entire digital portfolio from the uMI 550 to the uMI Panorama offers exceptional PET and CT image quality that improves quantitative accuracy and small lesion detectability. Our portfolio includes All-In Configurations™ and Software Upgrades for Life™ so that all our scanners truly stand the test of time from both a technological and a clinical perspective.”

The entire uMI portfolio is also “Born with AI” from the ground up, rather than being retrofitted with it later. This allows a seamless integration of artificial intelligence (AI) across all products, which optimizes daily workflow, improves the patient experience, and creates stunning diagnostic images. United Imaging’s artificial intelligence (uAI®) streamlines routine clinical workflows by auto iso-centering patients and defining the scan range. Its systems also allow faster scanning with less dose, while improving PET and CT imaging quality and providing image consistency in all clinical settings, from academic to freestanding imaging centers. 

SNMMI announced in its Value Initiative Newsletter that United Imaging is joining the Leadership Circle and taking an Industry co-chair position. 

United Imaging this week is also hosting two Satellite Symposiums (available for registration on the SNMMI meeting website) and a by-invitation-only customer event: 

uEXPLORER Symposium on June 25: “Exploring the Unmatched Capabilities of Total Body Imaging: Reflections on 5 Years of Clinical Adoption”; presenters include Dr. Ramsey Badawi, Vice Chair for Research, Department of Radiology, University of California, Davis and Dr. Harshad Kulkarni, Chief Medical Advisor, BAMF Health.

uMI Panorama Symposium on June 26: “Advancing Precision Medicine with Unprecedented PET/CT Technology for Clinical Molecular Imaging” on Monday, June 26, from 11:30 am – 12:30 pm. Presenters include Dr. Jeffrey Yap, Director, Center for Quantitative Imaging at Huntsman Cancer Institute.

United Imaging Educational Evening “UIH Night” (Invitation Only), Sunday June 25th. Presenters include Dr. Richard Carson, Professor of Biomedical Engineering and Radiology, Yale University and Dr. Simon Cherry, Professor of Biomedical Engineering and Radiology, UC Davis

United Imaging is located at booth #4032.

ABOUT UNITED IMAGING
At United Imaging, we develop and manufacture advanced medical products, digital healthcare solutions, and intelligent solutions that cover the entire process of imaging diagnosis and treatment. Founded in 2011, our company has subsidiaries and R&D centers across the world. Our North American headquarters in Houston includes our corporate offices, factory, product showroom, service training center, and service parts distribution center. With a cutting-edge digital portfolio and a mission of Equal Healthcare for All™, we help drive industry progress and bold change.

To learn more, visit united-imaging.com or follow us on LinkedIn and Twitter @UnitedImagingHC.

Source: United Imaging Healthcare Co., Ltd.

PR Newswire

AJ Foyt Racing selects IFS Ultimo EAM software for critical Parts Management, Lifing and Maintenance processes

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IFS begins multi-year brand & technical partnership with AJ Foyt Racing 

CHICAGO, June 22, 2023 /PRNewswire/ — IFS, the global cloud enterprise software company, has announced that legendary American racing team AJ Foyt Racing has selected IFS as their strategic technology partner for the 2023, 2024 and 2025 IndyCar Racing seasons with options for extension. 

The multi-year partnership will see AJ Foyt Racing leverage IFS Ultimo for Parts Management, Parts Lifing and Maintenance. The solution also provides capabilities for work order management, multi-location inventory management and purchase control and management. 

Since the acquisition of the solution in 2022, IFS Ultimo continued to invest and expand in all its markets including North America as well as new ones. The decision to implement IFS Ultimo’s Enterprise Asset Management (EAM) software came at a time when Foyt Racing was looking to digitalize their workshop with a solution for vital monitoring and management for asset efficiency, reliability and minimizing of risk. 

Foyt Racing required specific functionality to enhance their central processes, having previously relied on a manual reporting lifing system. Using IFS Ultimo EAM, the race team will have an automated central input source, enabling real-time updates that monitor the chassis mileage and all the individual parts on the car at any given point in time. 

In addition, to optimize asset performance, the EAM solution will enhance component-specific triggers for Foyt Racing’s lifing system, enabling preventive maintenance task management, generating work orders, and providing active push notifications for required maintenance to drive optimal racing performance. 

Finally, the racing industry has not been spared from supply chain challenges. With full integration between lifing, maintenance, work orders, inventory and purchase order management, Foyt Racing will be able to ensure that parts needed for upcoming maintenance are ordered in timely fashion for availability at the right time and in the right place. 

In addition to becoming a strategic technology partner, IFS will collaborate with AJ Foyt Racing for a brand activation. The partnership will see the IFS logo featured on the team’s No. 14 and No. 55 Indy cars in all races, testing and showcasing during the 2023, 2024 and 2025 NTT INDYCAR Series racing seasons. 

IFS branding will also appear on the race suits of AJ Foyt Racing’s current drivers, Santino Ferrucci and Benjamin Pedersen. 

Commenting on the new partnership, Larry Foyt, president of A.J. Foyt Enterprises, said, “When evaluating our options, IFS Ultimo’s EAM solution stood out for its flexibility and out-of-the-box functionality.” He continued, “The racing business is highly competitive. And while there are many moving parts to every business, in the world of motorsport – it is imperative that we have the right technology to support performance and reliability. We are confident in the success of this partnership and are already discussing future opportunities with Artificial Intelligence with IFS and anticipate a new and efficient energy to take us to the victory lane.” 

Oliver Pilgerstorfer, Chief Marketing Officer, IFS, said, “With such a pedigree and history of talent in the American racing circuit, we are thrilled to be a strategic technology partner of AJ Foyt Racing.” He continued, “A core value for IFS is delivering fast time to value. By increasing asset reliability and the efficiency of Foyt Racing’s fleet, we are helping the team deliver at their moment of service on race day.” 

About AJ Foyt Racing 

AJ Foyt Racing, headquartered northwest of Houston, has been competing at the top levels of motorsports since December 1965, over 55 years. With A.J. Foyt driving, his team won two Indianapolis 500s and three national IndyCar championships. Since Foyt’s retirement from driving in 1993, the team has continued to win, claiming two more national titles and the 1999 Indianapolis 500 with driver Kenny Brack. 

About IFS 

IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers—at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 5,500 employees every day live our values of agility, trustworthiness and collaboration in how we support our 10,000+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com. 

CONTACT:

IFS Press Contacts: 

EUROPE / MEA / APJ: Adam Gillbe 

IFS, Director of Corporate & Executive Communications 

Email: press@ifs.com 

Phone: +44 7775 114 856 

NORTH AMERICA / LATAM: Mairi Morgan 

IFS, Director of Corporate & Executive Communications 

Email: press@ifs.com 

Phone: +1 520 396 2155 

The following files are available for download:

PR Newswire

Baijiayun Announces Lock-Up Commitment by Certain Shareholders

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BEIJING, June 22, 2023 /PRNewswire/ — Baijiayun Group Ltd (“Baijiayun” or the “Company”) (Nasdaq: RTC), a one-stop video-centric technology solution provider, today announced that Mr. Gangjiang Li, Chairman of the Board and CEO, who is the beneficial owner of approximately 32.73% of the issued and outstanding shares of the Company, and Mr. Yi Ma, President and Director, who is the beneficial owner of approximately 10.08% of the issued and outstanding shares of the Company, have committed not to selling or transferring any ordinary shares or similar securities (the “Restricted Securities”) for a 12-month lock-up period, as a demonstration of confidence in the long-term value of the Company.

Mr. Gangjiang Li and Mr. Yi Ma undertake to promptly enter into written lock-up agreements with the Company to carry out such commitment. The agreements will be subject to certain customary exceptions, including that shares may be transferred directly to certain parties or may be repurchased by the Company.

About Baijiayun Group Ltd

Baijiayun is a one-stop video-centric technology solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries.

Safe Harbor Statement

This press release contains certain “forward-looking statements.” These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties’ perspectives and expectations, are forward-looking statements. The words “will,” “expect,” “believe,” “estimate,” “intend,” and “plan” and similar expressions indicate forward-looking statements.

Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company’s estimates as of the date of this press release, and subsequent events and developments may cause the Company’s estimates to change.

The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.

A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor / Media Contact:
Crocker Coulson
CEO, AUM Media, Inc.
(646) 652 7185
crocker.coulson@aummedia.org

Company Contact:
Yong Fang
CFO, Baijiayun Group Ltd
(267) 939 5080
fangyong@baijiayun.com