Tag Archives: STW

PR Newswire

Hollysys Urges Shareholders to Take No Action on Consortium’s Consent Solicitation

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BEIJING, July 1, 2021 — Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), today responded to the consent solicitation materials filed by CPE Funds Management, Ace Lead Profits, and an individual investor with the following statement:

"The Hollysys Board and management team are committed to acting in the best interest of shareholders and maximizing long-term value creation. The Company regularly engages with shareholders on a range of topics and values their constructive input. The Company has not authorized any third party to engage in negotiation with existing shareholders or potential investors relating to the shareholding structure of the Company. In addition to substantial revenue growth and major technological achievements, the Company continues to generate strong momentum around the growth potential of industrial automation".

"Proceedings involving Ace Lead Profits, an individual investor and the Company, relating to the Company’s charter documents, are ongoing in the Eastern Caribbean Supreme Court, with the trial of those proceedings due to commence shortly. Hollysys considers the solicitation process to be inappropriate at this time, and urges its shareholders to refrain from taking any action (including not returning any consent card sent by CPE Funds/Ace Lead Profits)."

About Hollysys Automation Technologies Ltd.

Hollysys is a leading automation control system solutions provider in China, with overseas operations in eight other countries and regions throughout Asia. Leveraging its proprietary technology and deep industry know-how, Hollysys empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence which are critical to their businesses. Hollysys derives its revenues mainly from providing integrated solutions for industrial automation and rail transportation. In industrial automation, Hollysys delivers the full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management and cloud-based applications. In rail transportation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for high-speed rail and urban rail (including subways). Founded in 1993, with technical expertise and innovation, Hollysys has grown from a research team specializing in automation control in the power industry into a group providing integrated automation control system solutions for customers in diverse industry verticals. Hollysys had cumulatively carried out more than 30,000 projects for approximately 17,000 customers in various sectors including power, petrochemical, high-speed rail, and urban rail, in which Hollysys has established leading market positions.

SAFE HARBOUR

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding: the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys’ management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). 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.

Contact information:
Hollysys Automation Technologies Ltd.
www.hollysys.com
+8610-5898-1386
investors@hollysys.com

Related Links :

http://www.hollysys.com

PR Newswire

Access Advance Launches VVC/H.266 Video Patent Pool

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Includes innovative Multi-Codec Bridging Agreement that Provides Substantial Royalty Savings to Licensees in both the VVC and HEVC Advance Pools

BOSTON, July 1, 2021 — Building on the success of its HEVC Advance Patent Pool, Access Advance today announced the launch of the VVC Advance Patent Pool and the Multi-Codec Bridging Agreement ("MCBA"). VVC is the next generation video codec standard finalized less than one year ago, which provides significant improvements in video compression of up to 50% over HEVC, enabling a new generation of products, ever more beautiful video, faster downloads, and improved savings on storage.

The license structure of the new VVC Advance Pool mirrors that of the HEVC Advance Platform Pool License recently announced, with royalty rates and caps set at a modest 25% increase over the equivalent HEVC Advance License structure. Please see https://www.accessadvance.com/vvc-advance-patent-pool-royalty-rates-summary 

Importantly, as requested by the marketplace, Licensees that have executed both the HEVC Advance and VVC Advance Platform Licenses will have the option to enjoy the benefits of the MCBA.  The MCBA is not a third license; it is an agreement that bridges the HEVC Advance and VVC Advance Platform Licenses.  Those Licensees who have executed all three agreements will enjoy a discounted royalty rate for their products that include both VVC and HEVC, paying the same royalty rate as they would pay for a product that includes only VVC, providing an effective 45% discount.

According to Pete Moller, CEO of Access Advance, "The launch of the VVC Advance Patent Pool and the MCBA, following our recent announcement of the HEVC Advance Platform License, brings to fruition our Video Codec Platform Initiative that can seamlessly incorporate multiple video codecs into a single consolidated royalty rate structure with simplified reporting and payment obligations for Licensees. This innovation responds to the market’s desire for an even more efficient next-generation pool licensing structure that addresses the need to minimize the impact of implementing next generation video codecs alongside current and prior generation technologies. We hope and expect that the launch of the VVC Advance Patent Pool and the MCBA will allow us to quickly consolidate a critical mass of the VVC patent landscape.  Such consolidation will provide greater licensing certainty to the entire marketplace, while accelerating both VVC and HEVC adoption and providing users with a seamless and enhanced video experience."

Royalty payments under the VVC Advance License and the MCBA will be required for sales of VVC products starting January 1, 2022.  Access Advance encourages interested parties to act quickly as there are significant incentives for becoming a Licensor and/or Licensee on or before both January 1, 2022, and July 1, 2022, as well as significant incentives for those Licensors who are committed to supporting our goal of having a single pool for VVC.

About Access Advance:

Access Advance LLC (formerly HEVC Advance LLC) is an independent licensing administrator company formed to lead the development, administration, and management of patent pools for licensing essential patents of the most important standards-based video codec technologies. Access Advance provides a transparent, balanced, and efficient licensing mechanism for both patent owners and patent implementers. Access Advance currently manages and administers the HEVC Advance Patent Pool for licensing patents essential to HEVC/H.265 technology, and the separate and independent VVC Advance Patent Pool for licensing patents essential to VVC/H.266 technology.

For more information about Access Advance, the HEVC or the VVC Advance Patent Pools or the MCBA, please visit www.accessadvance.com and/or contact Paul Bawel, SVP, Business Development, at Paul.Bawel@accessadvance.com.

Contact: press@accessadvance.com

PR Newswire

Mobileum Inc. Acquires Niometrics

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Acquisition expands Mobileum’s deep network analytics and customer intelligence portfolio for 5G and next generation networks

CUPERTINO, Calif., June 29, 2021 — Mobileum Inc. ("Mobileum"), a leading global provider of analytics solutions for roaming and network services, security, risk management, and testing and monitoring solutions, is pleased to announce that it has acquired Niometrics, a provider of deep network analytics. The acquisition expands Mobileum’s actionable analytics platform with customer discovery, engagement, and experience capabilities, enabling Communications Service Providers ("CSPs") to identify new revenue streams and to improve customer experience across the entire customer lifecycle.

Mobileum’s Active Intelligence platform is a leading telecom-focused analytics technology that supports roaming, network services, security, risk management, and testing.

The acquisition of Niometrics will enrich Mobileum’s existing solutions with deep network analytics and applied Machine Learning, while expanding its portfolio with customer intelligence solutions. Mobileum’s expanded platform will provide deeper network insights, a 360-degree customer view, and enhanced data privacy control, to accelerate growth and improve customer retention. The two companies have already won contracts together and have experience integrating their products to solve high-impact customer use cases.

"The addition of Niometrics to Mobileum’s portfolio further reinforces our strategy to provide telecom operators an end-to-end analytics engine that not only strengthens their network and interconnection and assures their business, but that also provides them with the network intelligence required to grow revenues and improve customer experience as they rollout 5G and evolve their business. Niometrics’ proven technology and respected team of industry experts make this acquisition a perfect fit to accelerate Mobileum’s growth strategy," commented Bobby Srinivasan, CEO of Mobileum.

"Communications service providers have unrivaled direct access to customer preferences, data consumption and loyalty trends. With the analytical horsepower to leverage these data points, CSPs can now take these insights to segment their marketing and sales, personalize end-user engagement, build new digital partnerships, and monetize data – while coping with all the privacy and data protections in place. By combining our product portfolios, we will be able to provide CSPs unique insights at every customer touchpoint and make sure that they are able to consistently exceed customer experience and service performance expectations," commented Kostas Anagnostakis, CEO of Niometrics.

The Niometrics’ Deep Network Analytics platform ("DNA"), which includes real-time data analytics, advanced AI and machine learning algorithms, and Deep Packet Inspection ("DPI") capabilities, will now become part of Mobileum’s Active Intelligence platform. Active Intelligence will provide the critical insights that carriers need for network operations, roaming, business assurance, testing, service assurance and customer engagement.

Based in Singapore, Niometrics’ 150+ employees will join Mobileum, strengthening Mobileum’s global team of more than 1,800 employees, and growing its engineering hub in Asia. This acquisition will further expand the capacity to serve Mobileum’s more than 900 telecom customers. After closing this acquisition, 9 out of 10 telecom operators will rely on Mobileum solutions.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $27 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 135 platforms and over 950 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: http://www.audaxprivateequity.com or follow us on LinkedIn.

About Niometrics

Niometrics is a network analytics company that provides solutions for Communications Service Providers (CSPs) to develop strategies and decisions for new digital businesses, customer experience management, and network planning and optimization.

Analyzing a combined base of over 500 million subscribers who consume and exchange over 60 PB of data daily, Niometrics’ proprietary, full-stack Deep Network Analytics (DNA) technology extracts, processes, and transforms in real time complex network data into insights, enabling CSPs to take better and more timely actions to drive higher business ROIs.

Niometrics partners with some of the largest telecommunications providers in the world. Based in Singapore, the company has operations and R&D hubs across Asia-Pacific, Europe and the Middle East.

Visit www.niometrics.com to learn more.

About Mobileum Inc.

Mobileum is a leading provider of Telecom analytics for roaming, network services, security, risk management and domestic and international connectivity testing. More than 900 operators rely on its Active Intelligence platform, which provides advanced analytics based solutions, enabling customers to connect operational intelligence with real-time actions that increase revenue, improve customer experience and reduce costs. Headquartered in Silicon Valley, Mobileum has global offices in Dubai, Germany, India, Portugal, Singapore and UK.

Learn more in www.mobileum.com and follow @MobileumInc on Twitter.

Related Links :

https://www.mobileum.com

PR Newswire

QuEST Global acquires Synapse Design to Enhance Expertise in Semiconductor and Connected Engineering

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– This acquisition will enable the company’s vision to grow its semiconductor business and add 2,000 engineers within the next four years

SINGAPORE, June 29, 2021 — QuEST Global, a global product engineering and lifecycle services company, has acquired Synapse Design, a Silicon Valley headquartered design and engineering services provider to top-tier semiconductor and systems companies worldwide. This addition will enhance QuEST’s capability in providing comprehensive design and consulting services and software development for the semiconductor industry. With this acquisition, the company will be able to offer end-to-end hardware-enabled software solutions to its customers across various industries, including semiconductor, automotive, consumer electronics, networking, and storage systems. Such solutions are especially critical now, as these industries accelerate their efforts to capitalize on the rise of digital technologies and the transformational opportunities arising.

This acquisition will enable QuEST’s vision to grow its semiconductor business, add at least 2,000 engineers in the next four years while enhancing their ability to leverage the convergence of electronics, software, and digital engineering services. This will also support QuEST to provide innovative, digital solutions to its customers, help improve their operational efficiency and solve the complex challenges in terms of cost and quality of products.

With its strong customer portfolio and domain capabilities in the semiconductor industry, Synapse Design is QuEST’s 14th acquisition in the last two decades. Each acquisition has added differentiated skills and enabled the company to create one of the broadest portfolio offerings of any engineering services company, enabling them to create the frontier by advancing the ways people live, work and engage with each other.

Founded in 2003 by Satish Bagalkotkar and Devesh Gautam, Synapse Design has built a strong reputation by providing end-to-end semiconductor design services to 95% of the world’s top fabless, Original Design Manufacturing (ODM) and Integrated Device Manufacturing (IDM) companies. Their services and solutions include low-power, mixed-signal Application-Specific Integrated Circuit (ASIC) and System-On-Chip (SOC) design services from architecture specifications to tape out, including system-level software and embedded firmware development. The company creates end-to-end hardware/software design solutions targeting Artificial Intelligence/Machine Learning/Data Center/IoT, automotive/autonomous, multimedia, mobile, networking, and communications/storage applications.

Synapse Design has its design centers in India, China, Japan, Malaysia and Vietnam and employs more than 700 engineers. As a QuEST subsidiary, it will continue to operate under the leadership of Satish Bagalkotkar and Devesh Gautam.

Welcoming Synapse to the QuEST Global family, Ajit Prabhu, Chairman & CEO, QuEST Global said: "We are constantly looking for outstanding talent and capability that can help us provide innovative engineering services and solutions across our customer base. The acquisition of Synapse Design will enable us to provide comprehensive design services, consulting, and software development services to our semiconductor customers. We strongly believe that the investments we are making in enhancing our engineering capabilities will help customers solve complex engineering challenges in their respective industries. As their trusted thinking partner, we are committed to providing end-to-end engineering solutions that will help redefine their engineering strategy from a long-term perspective."

Sharing his excitement, Satish Bagalkotkar, President, CEO and Co-Founder, Synapse Design said: "We are excited to be part of the QuEST family as the combination of both companies brings great opportunities for our stakeholders, including customers, partners, and employees. This acquisition will combine our capabilities in providing design and consulting services with QuEST’s capabilities in providing embedded & software services and expertise in the convergence of electronics, software, and digital engineering innovations. This combination will help us to deliver world-class engineering services and solutions to customers across various industries."

Devesh Gautam, Chief Operating Officer and Co-Founder, Synapse Design said: "The acquisition of Synapse Design by QuEST Global is an excellent next step for the customers and employees of both companies. Synapse and QuEST share an unrelenting passion to provide customers with excellent engineering talent and a best-in-class customer service experience. As a global organization, we will be able to serve new and larger customers across the globe, add value to existing customers and create more high-skilled engineering jobs in the region."

About QuEST Global

For more than 20 years, QuEST Global has been a trusted global product engineering and lifecycle services partner to many of the world’s most recognized companies in the Aerospace & Defense, Automotive, Energy, Hi-Tech, Medical Devices, Rail and Semiconductor industries. With a presence in 13 countries, 56 global delivery centers and 11,250+ personnel, QuEST Global is at the forefront of the convergence of the mechanical, electronics, software and digital engineering innovations to engineer solutions for a safer, cleaner and sustainable world. QuEST Global’s deep domain knowledge and digital expertise help its clients accelerate product development and innovation cycles, create alternate revenue streams, enhance consumer experience and make manufacturing processes and operations more efficient.

PR Newswire

Pandemic spurs companies to implement master data management solutions

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Stibo Systems announces record revenue

SYDNEY, June 28, 2021 — Stibo Systems www.stibosystems.com, a global leader in Master Data Management (MDM) solutions, reports to have experienced the pandemic as a business accelerator. "In the course of the pandemic, more and more companies have realized the importance of organized and accurate master data for setting up business and sales processes online in a professional manner. Thus, they have invested heavily in MDM," says Jesper Ejlersen, CEO of Stibo Systems. He points out that the growing demand for the company’s MDM solutions has been sourced by all industries: "Retailers, distributors and CPG companies have reacted to the shift in business from physical to online, and manufacturers have been eager to digitalize their businesses to work seamlessly with vendors, suppliers, their customers and third parties. In addition, we have benefited from another disruptive process: Companies in the UK need to speed up their digital transformation to stay competitive due to Brexit."

As a result, Stibo Systems ends its financial year (May 2020 until April 2021) with a record revenue. The company announces revenue of $145.96 million AUD which is a plus of 5.4 percent compared to its former fiscal year. Earnings before interest and tax (EBIT) have gone up to $2.62 million AUD which is a plus of $18.2 million AUD, as in its former fiscal year the company had generated a planned deficit of $15.58 million AUD due to major investments in the transition to a software-as-a-service business model.

One of the reasons for this successful year is that Stibo Systems’ MDM solutions have not only been implemented by companies who wanted to get their product data accurate. "Talking about product data was often a starting point with customers. But quite frequently it became clear that the product domain was just one of the domains they needed to get right. From there it went on to customer, location, vendor and supplier data. There is clearly a trend for companies to strive for comprehensive data transparency through multidomain master data management," says Jesper Ejlersen.

Another trend reported by Stibo Systems’ CEO is that customers are primarily asking for cloud solutions. "More than 80 percent of our new customers have chosen a software-as-a-service master data management solution. For us, this is a positive development because it creates a higher stable recurring revenue in the longer term. So, our investments in this area have already paid off. And our cloud offering will be a success factor for many years to come," concludes Jesper Ejlersen.

About Stibo Systems

Stibo Systems, the master data management company, is the trusted enabler of data transparency. Our solutions are the driving force behind forward-thinking companies around the world that have unlocked the strategic value of their master data. We empower them to improve the customer experience, drive innovation and growth and create an essential foundation for digital transformation. This gives them the transparency they require and desire – a single, accurate view of their master data – so they can make informed decisions and achieve goals of scale, scope and ambition. Stibo Systems is a privately held subsidiary of the Stibo A/S group, founded in 1794, and is headquartered in Aarhus, Denmark. More at www.stibosystems.com.

PR Newswire

IAR Systems extends development tools performance capabilities for Andes RISC-V cores

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Latest version of IAR Embedded Workbench for RISC-V adds support for latest Andes RISC-V processor technology, including AndeStar™ V5 RISC-V Performance Extension

UPPSALA, Sweden, June 23, 2021 — IAR Systems®, the future-proof supplier of software tools and services for embedded development, presented a new version of its professional development tools for RISC-V. With the latest release, the complete development toolchain IAR Embedded Workbench® for RISC-V adds support for latest Andes RISC-V extension and devices, enabling maximized performance in RISC-V-based applications. 

Through its excellent optimization technology, IAR Embedded Workbench for RISC-V helps developers ensure the application fits the required needs and optimize the utilization of on-board memory. With the support of the AndeStar™ V5 RISC-V Performance Extension, developers can use IAR Embedded Workbench to create applications with increased performance and reduced code size. The toolchain supports all Andes 32-bit V5 RISC-V cores, including the N22, N25F, D25F, A25, A27, N45, D45 and A45. The RISC-V Packed SIMD/DSP extension specification (RVP draft) and the corresponding intrinsic functions as well as Andes DSP libraries are supported. 

"AndeStar V5 RISC-V architecture brings the unique and competitive value to our RISC-V customers," said Dr. Charlie Su, Andes Technology President and CTO. "V5 offers full compatibility to the compact, modular and extensible RISC-V technology by supporting its standard instructions. In addition, it incorporates Andes-extended features already proven in 7+ billion AndeStar V3 processors, such as Performance extension and CoDense™ extension, to applications from edge to cloud. We welcome that IAR Systems provides full support to V5 processors and brings the benefits of IAR Embedded Workbench to the RISC-V community."

IAR Embedded Workbench for RISC-V is a complete C/C++ compiler and debugger toolchain with everything embedded developers need integrated in one single IDE. To ensure code quality, the toolchain includes C-STAT® for static code analysis. C-STAT proves code alignment with industry standards like MISRA C:2012, MISRA C++:2008 and MISRA C:2004, and also detects defects, bugs, and security vulnerabilities as defined by CERT C and the Common Weakness Enumeration (CWE). For companies working with safety-critical applications, IAR Embedded Workbench for RISC-V is available in a functional safety edition certified by TÜV SÜD according to IEC 61508, ISO 26262, IEC 62304, EN 50128, EN 50657, IEC 60730, ISO 13849, IEC 62061, IEC 61511 and ISO 25119, delivering qualified tools, simplified validation and guaranteed support through the product life cycle.

More information about IAR Systems’ offering for RISC-V is available at www.iar.com/riscv.

Editor’s Note: IAR Systems, IAR Embedded Workbench, Embedded Trust, C-Trust, C-SPY, C-RUN, C-STAT, IAR Visual State, IAR KickStart Kit, I-jet, I-jet Trace, I-scope, IAR Academy, IAR, and the logotype of IAR Systems are trademarks or registered trademarks owned by IAR Systems AB. All other product names are trademarks of their respective owners.

CONTACT:
IAR Systems Contacts 
AnnaMaria Tahlén, Media Relations & Content Manager, IAR Systems
Tel: +46 18 16 78 00  Email: annamaria.tahlen@iar.com 
Tora Fridholm, CMO, IAR Systems
Tel: +46 18 16 78 00 Email: tora.fridholm@iar.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/iar-systems/r/iar-systems-extends-development-tools-performance-capabilities-for-andes-risc-v-cores,c3372218

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IAR Systems extends development tools performance capabilities for Andes RISC-V cores

https://news.cision.com/iar-systems/i/iarsystems-tools-for-risc-v-andes,c2928421

IARSystems tools for RISC-V Andes
PR Newswire

Cloud-based enterprise software provider Eka to transform corporate treasury operations with a new, purpose-built, state-of-the-art solution

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– Eka acqui-hires banking and finance tech start-up Trxiea;

– Devanshu Bhatt joins leadership team as SVP, Treasury Solutions

NEW YORK, June 23, 2021 — Eka Software Solutions, a cloud-based enterprise solutions provider, announced today it has shored up a team of industry experts tasked with delivering a new solution to dramatically transform corporate treasury operations. This new business initiative will be led by Devanshu Bhatt, former India Head of ION’s Corporate Treasury Group. Eka also completed the acqui-hire of banking and finance start-up Trxiea Platforms and Solutions, whose highly experienced team will help accelerate the treasury solution’s time-to-market.

The strategic hires are part of Eka’s ongoing effort to expand its state-of-the-art cloud platform into a comprehensive multi-solution platform for global enterprises. The newly assembled team was curated to develop a purpose-built, cloud-native corporate treasury solution that provides CFOs with a complete, real-time view across their entire enterprise by unifying disparate applications across procurement, banking, financial planning, risk management.

Manav Garg, Eka Founder and CEO said, "We have a clear vision of building a robust treasury solution that joins the dots across the organization, so that CFOs can operate from one single, trusted source of truth, rather than trying to piece together information from disparate systems and departments. To do this, we have built a team of incredible subject matter experts, and we are extremely excited to translate our vision into a transformative product over the coming months."

A Best-in-Class Team

Devanshu Bhatt brings over 20 years of treasury and finance product management and development experience. Prior to ION, Devanshu led Product Development for Reval, ION Treasury’s cloud-based solution. Joining Bhatt is the highly experienced Trxiea team, co-founders Renju Balu and Dr. Trib Kharkwal who holds a Ph.D. in operations research.

Eka is a strong proponent of digitalizing critical business processes, as part of its ‘Mission Digital’ effort with an innovative solution-driven approach that delivers:

  • automated workflows to drive business resiliency;
  • simplified interface to support new ways of bringing employees, processes, and technologies together;
  • instant access to buyers and suppliers across the supply chain;
  • fast and flexible integration with pre-built connectors to ERP, CRM and Market data

About Eka Software Solutions

Eka is a global leader in providing innovative, cloud driven solutions that help digitize and improve business functions across supply chain and financial management. Read more at www.eka1.com .

Contact:
Sharmita Mandal
Head Global Communications
Eka Software Solutions
Sharmita.mandal@eka1.com

 

PR Newswire

StarFive Adopts Valtrix STING for Verification of Next-generation RISC-V Processors

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BANGALORE, India, June 22, 2021 — Valtrix Systems, provider of design verification products for building functionally correct CPU and system-on-chip implementations, announced today that StarFive, a leading provider of RISC-V processors, platforms and solutions in China, has licensed STING for verification of the next generation of RISC-V processors.

STING, a design verification product from Valtrix, uses software-driven methodology to check the functional correctness and architectural compliance of RISC-V implementations. The product also consists of a RISC-V architecture verification suite and stimulus programming framework to provide the engineering teams an easy ramp into verification readiness and a platform to extend the base stimulus by writing custom tests.

StarFive’s CTO, Morton Yu, said: "We are delighted to work with Valtrix Systems. Its design verification tool STING features a highly flexible stimulus development framework and a large library of test stimulus. These add a new level of testing before the release of our next-generation processor design. StarFive has always looked to contribute to a more complete RISC-V processor ecosystem and we look forward to deepening our collaboration with Valtrix in delivering more powerful RISC-V technology."

"The open-source and modular RISC-V architecture allows CPU developers to innovate and customize their offerings to meet the application needs. Verification of custom implementations can be challenging and it needs a versatile solution which can adapt according to the requirements of the design configuration," said Shubhodeep Roy Choudhury, CEO of Valtrix. "STING’s well-proven verification methodology has been deployed and used successfully by multiple RISC-V developers and we are proud to partner with StarFive and help them in their endeavor of developing advanced RISC-V implementations," he added.

For more information on Valtrix’s design verification technology and products, visit: https://www.valtrix.in

About Valtrix’s STING Design Verification Tool

STING, the flagship product of Valtrix, is a commerically supported design verification tool for RISC-V based implementations. It can be configured to generate portable bare-metal programs containing self-checking architecturally-correct test stimulus, which can then be enabled on simulation, FPGA prototypes, emulation or silicon.

About StarFive

Founded in 2018, StarFive is a leading provider of RISC-V processors, platforms and solutions in China. Its portfolio of CPU IP is optimized for maximized performance and power efficiency, which are widely used in home appliances, industrial robots, network communication devices, edge computing. The company recently announced BeagleV™ single-board computer which is the first affordable RISC-V board to run on Linux.

Connect with Valtrix at:

Twitter: @ValtrixSystems
LinkedIn: https://www.linkedin.com/company/valtrix-systems

Media Contact:
Shubhodeep Roy Choudhury
deepsrc@valtrix.in  
valtrix-marketing@valtrix.in

PR Newswire

Agora to Work with HP to Power Real Time Engagement in OMEN Oasis

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SANTA CLARA, Calif., June 22, 2021 — Agora, Inc. (NASDAQ: API), a pioneer and leading platform for real-time engagement (RTE) APIs, today announced it is working  with HP Inc. to power RTE for OMEN Oasis – a feature currently in beta and available through OMEN Gaming Hub which is pre-installed on all OMEN PCs. The collaboration will integrate Agora’s voice, video, messaging, and interactive live streaming technology into OMEN Oasis to allow up to 16 people to play their favorite titles together in virtual watch party rooms.

"We are excited to work with HP to integrate the power of real-time engagement into OMEN Oasis," said Reggie Yativ, CRO and COO at Agora. "Together, we have worked to create an experience that will empower millions of OMEN community members and gamers to chat and engage with each other in real-time, no matter what corner of the globe they or their friends live in." 

Agora Software Development Kit (SDK) will power OMEN Oasis using Agora’s proprietary global Software-Defined Real-Time Network (SD-RTN™), allowing gamers to engage in real-time, low-latency gameplay and share in the amazing gaming experience provided on all OMEN devices.

To learn more about OMEN Oasis and download it today, visit https://www.omen.com/us/en/oasis.html. For more information about Agora and its partnerships, visit: www.agora.io.

About Agora

Agora is a Real-time Engagement Platform as a Service (RTE PaaS) company. Agora’s mission is to make real-time engagement ubiquitous, allowing everyone to interact with anyone, in any application, anytime and anywhere. Agora’s platform provides developers with simple, flexible and powerful application programming interfaces, or APIs, to embed real-time video and voice engagement experiences into their applications.

 

Related Links :

http://www.agora.io

PR Newswire

zkLink, the first Layer2 multi-chain integration DEX based on ZK-Rollup, will be launching

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LONDON, June 19, 2021 — zkLink, the first Layer2 multi-chain integration DEX based on ZK-Rollup technology, will be launching its testnet later this June. Aiming to link multiple chains in a user-friendly way, zkLink aggregates different ecosystems’ liquidity and makes it possible for native assets on different chains to interact and pair with each other.

zkLink, the first Layer2 multi-chain integration DEX based on ZK-Rollup, will be launching
zkLink, the first Layer2 multi-chain integration DEX based on ZK-Rollup, will be launching

About zkLink

zkLink connects separate Layer1 networks with a single Layer2 network so that tokens belonging to different ecosystems can be directly swapped with each other on this layer2, without an intermediate token. Users can swap their multi-chain assets simply with one click and will see the pairs that have never been seen before, such as CAKE-SUSHI, BNB-HT, USDT(ERC20)-USDT(BEP20), BUSD-HUSD, WBTC-BTCB, etc.

In the future, zkLink will support innovative DeFi scenarios such as cross-chain farming and the financialization of NFT, aiming to build a free market where assets in different formats can interact with each other and potentially capture higher values for holders.

To maximize product performance and optimize user experience, zkLink adopts zero-knowledge technology. Apart from unimpeded traffic and real-time transaction on Layer2, users can expect a negligible gas fee largely shared since hundreds of transactions are batched and compressed into one pack. Moreover, zkLink will refer to Uniswap V3 on concentrated liquidity so that capital efficiency could be increased by about 4,000 times in the following version.

Above all, security of assets is zkLink’s cornerstone. zkLink’s layer2 could achieve the same security level as Ethereum Layer1. The Layer2 network will generate zero-knowledge proofs of the off-chain state on a regular basis and upload them to respective Layer1 contracts for verification. In this way, the security of assets and transactions is guaranteed by mathematics rather than game theory and economic models, meaning that nobody, including the platform itself, is able to jeopardize the security of assets, and users are able to withdraw tokens losslessly under extreme cases.

zkLink v1 will support Ethereum, Binance Smart Chain, Huobi ECO Chain (HECO), and in the foreseeable future, will also be connected with other smart chains such as Solana, Polygon, Fantom, etc.

Designed to provide users with various scenarios of multi-chain assets, with user experience as friendly as CEX, zkLink is committed to creating a more convenient and secure trading environment and facilitating an unobstructed DeFi world.