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PR Newswire

CCTV+: Xi visits north China’s Shanxi ahead of Chinese New Year

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BEIJING, Jan. 27, 2022 — Chinese President Xi Jinping on Wednesday began his visit to north China’s Shanxi Province to learn about people’s livelihood ahead of the Spring Festival, or the Chinese New Year.

 

In two villages in Linfen City, Xi, also the general secretary of the Communist Party of China Central Committee, visited villagers’ homes and inspected the post-disaster reconstruction in areas affected by last year’s floods as well as local work in restoring farming, ensuring the public’s access to heating in winter, consolidating and expanding anti-poverty achievements and advancing rural vitalization.

For 10 years in a row, Xi has made it a tradition to visit people at the grass-roots level, especially the disadvantaged groups, ahead of the Spring Festival, the most important holiday on the Chinese lunar calendar and an occasion of family reunions.

The Spring Festival falls on Feb 1 this year.

Link: https://youtu.be/IhgaxxRcvWg

PR Newswire

Ericsson reports fourth quarter and full-year results 2021

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STOCKHOLM, Jan. 25, 2022 —

Fourth quarter highlights           

  • Group organic sales grew by 2% YoY. Sales in Mainland China declined by SEK -1.8 b. (-3 percentage points), meaning that excluding Mainland China organic sales growth was 5%. Reported sales were SEK 71.3 (69.6) b.            
  • Gross margin improved in all segments to 43.5% (40.6%) excluding restructuring charges. Reported gross margin was 43.2% (40.6%).           
  • EBIT excluding restructuring charges improved to SEK 12.3 b. (17.3% EBIT margin) from SEK 11.0 b. (15.8% EBIT margin) YoY. Reported EBIT was SEK 11.9 (11.0) b.           
  • Networks organic sales increased by 3%, despite significant market share loss in Mainland China. EBIT margin excluding restructuring charges was 23.6% (21.5%).            
  • Digital Services organic sales were flat and EBIT excluding restructuring charges was SEK 0.4 (0.5) b.           
  • Reported net income was SEK 10.1 (7.2) b. EPS diluted was SEK 3.02 (2.26).             

Full-year highlights           

  • Group organic sales grew by 4%, with an increase in Networks sales of 7%. Reported sales were stable at SEK 232.3 b. The loss of market share in Mainland China impacted sales by SEK -7.7 b. and the growth rate by -3 percentage points, meaning that excluding Mainland China, organic sales growth was 8%.           
  • Gross margin excl. restructuring charges was 43.5% (40.6%), driven primarily by strengthened operational leverage in Networks.           
  • EBIT margin excluding restructuring charges improved to 13.9% (12.5%), reaching the 2022 group target already in 2021.           
  • Reported net income was SEK 23.0 (17.6) b. EPS diluted was SEK 6.81 (5.26).           
  • Free cash flow before M&A amounted to SEK 32.1 (22.3) b. Net cash was SEK 65.8 (41.9) b. on December 31, 2021.           
  • The Board of Directors will propose a dividend for 2021 of SEK 2.50 (2.00) per share to the AGM.

SEK b.

Q4
2021

Q4
2020

YoY
change

Q3
2021

QoQ
change

Jan-Dec
2021

Jan-Dec
2020

YoY

change

Net sales

71.3

69.6

3%

56.3

27%

232.3

232.4

0%

     Sales growth adj. for comparable units and currency [1] 

–

–

2%

–

–

–

–

4%

Gross margin [1] 

43.2%

40.6%

–

44.0%

–

43.4%

40.3%

–

EBIT 

11.9

11.0

8%

8.8

34%

31.8

27.8

14%

EBIT margin [1] 

16.6%

15.8%

–

15.7%

–

13.7%

12.0%

–

Net income 

10.1

7.2

41%

5.8

76%

23.0

17.6

30%

EPS diluted, SEK 

3.02

2.26

34%

1.73

75%

6.81

5.26

29%

Measures excl. restructuring charges [1]

Gross margin excluding restructuring charges 

43.5%

40.6%

–

44.0%

–

43.5%

40.6%

–

EBIT excluding restructuring charges 

12.3

11.0

12%

8.8

39%

32.3

29.1

11%

EBIT margin excluding restructuring charges 

17.3%

15.8%

–

15.7%

–

13.9%

12.5%

–

Free cash flow before M&A 

13.5

12.8

6%

13.0

4%

32.1

22.3

44%

Net cash, end of period 

65.8

41.9

57%

55.7

18%

65.8

41.9

57%

[1] Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements

Comments from Börje Ekholm, President and CEO of Ericsson (NASDAQ:ERIC)

Our strategy to invest in technology leadership and grow market share in our core business underpinned a robust financial performance in 2021 and ensured a good Q4 for Ericsson overall. Our commitment to pursue value from growth in wireless enterprise took a significant step forward with the announcement of our ambition to acquire Vonage, which will give us the foundation to develop a Global Network Platform to drive innovation on top of the 5G networks. This adds to already strong progress in 2021 in our organic enterprise portfolio – Dedicated Networks and IoT – and follows the successful integration of Cradlepoint. With a full-year EBIT margin[2] of 13.9%, we reached our 2022 target one year early, while absorbing significantly increased investments in R&D, Enterprise, cybersecurity and compliance. Fourth quarter organic sales[1] grew by 2%, gross margin[2] improved to 43.5% (40.6%), the EBIT margin[2] reached 17.3% (15.8%) and free cash flow before M&A amounted to SEK 13.5 (12.8) b.

Networks sales[1] grew organically by 3% in Q4, despite considerably lower volumes in Mainland China. Gross margin[2] improved to 46.4% (43.5%). The 2021 financial performance and continued market share gains outside of Mainland China are underpinned by our investments in technology leadership. We have so far been able to mitigate the inflationary pressure by continuously evolving our product portfolio. We strengthened our industry-leading portfolio during the year with ultra-light, energy-efficient Massive MIMO radios for enhanced network performance and our new Cloud RAN portfolio for 5G mid band.

In Q4, Digital Services organic sales[1] were stable YoY. Excluding sales in Mainland China, where we had considerably lower volumes, sales[1] increased by 3% YoY in the fourth quarter. Fourth quarter gross margin[2] improved to 43.4% (41.0%) with a positive EBIT[2] of SEK 0.4 b. During 2021 we continued to invest in R&D, particularly for the cloud native offerings and our portfolio is now substantially transformed compared with a few years ago. We will continue to increase investments in our 5G portfolio, including in our orchestration offerings, to further strengthen our long-term competitiveness and position us in an open world for future standards and technologies. We expect profitability to gradually improve and over time exceed our original EBIT margin[2] target of 10–12%.

Managed Services delivered a gross margin[2] of 18.9% (17.7%) in Q4. For the full year of 2021 organic sales[1] declined by -6% as new deals did not offset lower customer demand, contract rescoping and planned exits. To grow profits, we will accelerate the ongoing transformation towards a more software-driven offering with higher margin potential.

Emerging Business and Other delivered an improved gross margin[2] of 35.2% (33.8%) in Q4. For full-year 2021, gross margin[2] improved to 37.3% (28.0%), where Cradlepoint’s performance is the main contributor. We are seeing increasing momentum for our 5G portfolio in Dedicated Networks and Cradlepoint.

IPR revenues amounted to SEK 2.4 (2.6) b., including a new smaller agreement with retroactive impact. With our strong position in 5G and leading, broad patent portfolio we believe we are well positioned to conclude pending and future patent license renewals. Ericsson’s IPR licensing revenues continue to be affected by several expiring patent license agreements pending renewal and 5G license negotiations. This will lead to estimated revenues from IPR licensing of SEK 1.0–1.5 b. in Q1, unless renewals are signed in the first quarter. The actual financial impact will depend on the timing as well as terms and conditions of new agreements.

In October, we received correspondence from the Department of Justice that we had breached our obligations under the Deferred Prosecution Agreement by failing to provide certain documents and factual information. At this point in time, we cannot provide further information or predict the outcome. We continue to invest in improving our Ethics and Compliance program in accordance with our strategy and objectives. We are firmly committed to continuously develop and improve in the years to come to ensure a sustainable compliance program.

Free cash flow before M&A was SEK 32.1 (22.3) b. for full-year 2021, the highest in Ericsson’s history, further strengthening the net cash position to SEK 65.8 (41.9) b. During the last few years, our strategy has been to increase the flexibility of our business and reduce the capital tied up in the business. Consequently, we are now able to operate the Company with less capital than in the past. The Board will propose a dividend of SEK 2.50 (2.00) per share to the AGM, underlining the confidence in Ericsson’s business going forward.

Based on current business momentum, we expect fundamentals to remain strong in our core mobile infrastructure business during 2022. We will continue to increase investments in R&D to sustain our technology leadership and strengthen our competitive position to take advantage of the rollout of 5G networks. At the same time, we will continue our efforts to expand our presence in the enterprise market. Over time, we expect the enterprise segment to provide higher growth and profitability than our mobile infrastructure business. The Group EBIT target[2] for 2022 of 12-14% remains, excluding the Vonage-related segment. With the different business mix compared to when we set the 2022 target back in 2018, the target becomes less relevant, and our key focus is therefore now to accelerate the pace towards reaching our long-term target of EBITA margin[2] of 15-18%. After delivering an EBITA margin[2] of 14.6% in 2021, our ambition is to reach the long-term target no later than in 2-3 years. At that time, we will have a higher growth profile as a company.

2021 was a successful year for Ericsson and I want to take this opportunity to thank all my colleagues who relentlessly delivered on customer commitments while navigating through supply chain challenges and a raging pandemic. I am proud to be part of this team!

Stay healthy and well.

Börje Ekholm

President and CEO

[1] Sales adjusted for comparable units and currency

[2] Excluding restructuring charges

NOTES TO EDITORS

You find the complete report with tables in the attached PDF or by following this link https://www.ericsson.com/assets/local/investors/documents/financial-reports-and-filings/interim-reports-archive/2021/12month21-en.pdf or on www.ericsson.com/investors

Video webcast for analysts, investors and journalists

President and CEO Börje Ekholm and CFO Carl Mellander will comment on the report and take questions at a live video webcast at 9:00 AM CET (8:00 AM GMT London, 3:00 AM EST New York).

To join the webcast, please go to www.ericsson.com/investors

To ask a question, please call:

Sweden: +46 (0)8 566 426 51 (Toll-free Sweden: 0200 883 685)

International/UK: +44 (0)333 300 0804 (Toll-free UK: 0800 358 9473)

US: +1 631 913 1422 (Toll-free US: +1 855 85 70686)

PIN code: 67215644#

Please call in at least 15 minutes before the webcast starts.

The webcast will be available on-demand after the event and can be viewed at www.ericsson.com/investors.

FOR FURTHER INFORMATION, PLEASE CONTACT

Contact person

Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com

Additional contacts

Stella Medlicott, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com

Investors

Lena Häggblom, Director, Investor Relations
Phone:  +46 72 593 27 78
E-mail:  lena.haggblom@ericsson.com

Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: stefan.jelvin@ericsson.com

Media

Kristoffer Edshage, Director Corporate Media
Phone: +46 722 20 44 46
E-mail: media.relations@ericsson.com

Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CET on January 25, 2022.

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

https://news.cision.com/ericsson/r/ericsson-reports-fourth-quarter-and-full-year-results-2021,c3491742

The following files are available for download:

https://mb.cision.com/Main/15448/3491742/1524646.pdf

Ericsson fourth quarter and full year report 2021

 

PR Newswire

K-Pop Boy Group SHINee Minho’s Version of “AI Guide” Will Guide Gwanghwamun Tourism, Using DeepBrain AI’s AI Human Technology

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SAN MATEO, Calif., Jan. 25, 2022 — DeepBrain AI applied AI human technology to "Gwanghwa-in", a newly created Gwanghwamun Era project in Gwanghwamun, Seoul, and recreated K-Pop group SHINee’s Minho as an "AI guide". This AI version of SHINee Minho is capable of delivering accurate information through AI Human solution that allows real-time conversation. It will provide information on palaces, cultural heritages, tourist attractions and many more including today’s weather.

Image of K-Pop group SHINee Minho as an “AI guide” delivered to "Gwanghwa-in" a newly created Gwanghwamun Era project in Gwanghwamun, Seoul, Korea.
Image of K-Pop group SHINee Minho as an “AI guide” delivered to "Gwanghwa-in" a newly created Gwanghwamun Era project in Gwanghwamun, Seoul, Korea.

Gwanghwa-In is one of eight projects in the Gwanghwa Era project promoted by the Korea Creative Content Agency through the combination of cultural and tourism content and 5G realistic technology, and DeepBrain AI participated in developing AI guides that can be found in Gwanghwa-In.

DeepBrain AI’s AI technology is a solution that creates AI humans capable of real-time two-way communication and provides complete non-face-to-face services in various fields, eliminating time and space constraints in service use, and reducing labor costs.

The AI guide introduced consists of four models including SHINee Minho, serviced in Korean, English, Japanese, and Chinese. The models use core technologies that combine DeepBrain AI’s speech, video synthesis, natural language processing, and voice recognition. For this project DeepBrain AI especially focuses on developing maximum database by utilizing the latest information provided by the Cultural Heritage Administration in developing AI guides and accurately providing the information needed for tourists by learning various dialogue scenarios.

The AI guide serves to provide information on major tourist attractions and cultural heritages in Seoul and travel information such as restaurants and cafes in Gwanghwamun to domestic and foreign tourists who visit the center. First, when the user approaches the AI guide, it automatically switches to the language selection screen, and begins introduction by the welcome greeting of the AI guide.

Media contact: John Son, email: press@deepbrainai.io

PR Newswire

Yuan Yuan’s Journey to Chinese Mainland Episode I – Beautiful Countryside

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BEIJING, Jan. 24, 2022 — A new report by China.org.cn on China’s countryside:

Hello everyone, my name is Yuan Yuan. I was born and grown up in Taiwan. My family has been telling me since I was a child, that I am Chinese. China is a big country. Taiwan region is separated from a relative called "Chinese mainland" by the sea.

 

What is the other side of the strait like? If you want to know, come with me on a trip to Chinese mainland!

Many people have the impression that Chinese mainland is poor and backward. But when I came to Chinese mainland, I was greeted by the wide and bustling streets of the city, the tall buildings lined up, the roads lined with traffic and the intertwined neon lights. People dress fashionably and avant-garde, happiness and confidence are on their faces.

Walking into the China’s countryside, you no longer see dirty streets and dilapidated village houses. After eight years of targeted poverty alleviation and five years of the battle against poverty, China has achieved a major victory in building a moderately prosperous society in all respects which impress the world.More than 9.6 million people have been completed poverty alleviation relocation, 832 designated poor counties got rid of poverty, nearly 100 million poor people have been lifted out of poverty. This is worthy of praise!

Nowadays, when you walk through the fields of China’s countryside, you can see the staggered delicate buildings, clean and tidy roads, and an endless sea of smoke connected to the blue sky. The "beautiful countryside" is in front of you.

China is not stopping there. Eliminating absolute poverty is the first step, the revitalization of the rural area is on the timetable. There is a Chinese jingle that if you want get rich, build a road first.

In China’s countryside, where villages are connected to large roads, trucks go straight to the village, transporting agricultural products out, bringing consumer goods in, making villagers richer, their lives better, and their faces always smiling.

What is life like for Compatriots in Chinese mainland now? Stay tuned for our next episode.I’ll tell you more!

Yuan Yuan’s Journey to Chinese Mainland Episode I – Beautiful Countryside

http://news.china.com.cn/txt/2022-01/21/content_78002884.htm

PR Newswire

Azentio Software announces Aliza Knox as new Board Member

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SINGAPORE, Jan. 24, 2022 — Azentio Software ("Azentio"), a global information technology company, is pleased to announce the appointment of Aliza Knox as a Non-Executive Director to the Board.

Azentio Software announces Aliza Knox as new Board Member
Azentio Software announces Aliza Knox as new Board Member

Aliza brings to Azentio a wealth of knowledge and expertise with over three decades of broad international marketing and management experience. She is most recognized for building and operating successful businesses in complex and emerging sectors including financial services, consulting, mobile, SaaS, while covering markets across Asia, Latin America, and Europe.

Aliza has held several leadership roles in relationship development, sales and operations, as well as strategic partnering. Most recently, Aliza was Head of APAC for Cloudflare and previously was Chief Operating Officer at Unlockd. In an earlier role, she held the position of Head of APAC for Twitter, having joined the digital enterprise after Google, where she was Managing Director of Online Sales & Operations in APAC. Aliza has extensive financial services experience at eminent companies like Visa International and Charles Schwab Corporation. She was the Vice President and Director – Asian Financial Services at Boston Consulting Group.

Aliza has served on the boards of listed companies in Australia, Singapore, Germany and UK. She was an advisor to the ANZ Bank Board Technology Committee. As a Non-Executive Board Director and advisor, she is dedicated to empowering the next generation of leaders, to build successful global businesses. As one way to do this, she has written the forthcoming book ‘Don’t Quit Your Day Job’ (Wiley; April 2022). 

Commenting on Aliza’s appointment, Tony Kinnear, Chief Executive Officer, Azentio Software, said, "We welcome Aliza to our Board. Her extensive operational experience as a senior executive in marquee global firms and her knowledge and insights in customer-driven technology businesses will add depth to the Board’s competencies as we continue to execute on our ambitious growth plans and drive value for our clients."

"I am honoured to be joining Azentio at such a challenging and exciting time," stated Aliza Knox. "As someone who is passionate about technology, I am confident and excited about the direction that Azentio is taking. I look forward to working with the Board and the talented leadership team on accelerating our core business initiatives and shaping a robust, sustainable growth path for Azentio," she said.

About Azentio Software Private Ltd

Azentio Software provides mission critical, core and vertical-specific software products for clients in banking, financial and insurance services primarily across the Middle East and Africa, Asia Pacific, and India. The company’s flagship products include Premia Astra™ and Beyontec Suite (Core Insurance Software), Kastle™ (Universal Banking Solution), iMAL™ (Islamic Core Banking Platform), AMLOCK™ (Financial Crime Detection and Management Solution), MFund Plus™ (Wealth & Asset Management Solution) and Orion™ (Enterprise Resource Planning Solution). More details can be found here azentio.com/

Media Contact:
Danielle Karam
danielle.karam@azentio.com

 

PR Newswire

BizLink Announces Completion of Merger with LEONI Industrial Solutions Business Group

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Fremont, Calif., Jan. 21, 2022 — BizLink, a global leader in interconnect solutions, today announces that the sale of the LEONI Industrial Solutions business group to BizLink Holding Inc. has been completed. Considering BizLink’s diversified quality solution portfolio, brand image, long standing relationships, and goodwill, the merger is one giant leap for BizLink Group. BizLink will build a new enterprise to keep providing cutting-edge interconnect solutions for customers, driving growth and innovation, and creating new opportunities for its employees, shareholders, and the communities.

BizLink will establish a new identity for itself with its business diversification and geographical expansion. With this acquisition, BizLink can greatly enhance its capabilities in the interconnect markets of Factory Automation, Healthcare, Machinery and Sensors, Telecommunication Systems, Rolling Stock, and Marine. More importantly, BizLink will become one of the world’s leading technology providers in the connectivity industry and will grow steadily and rapidly in the coming years. With the possibilities that arise from the combination of the companies, cultures, capabilities, and industries, BizLink will continue its momentum in the connectivity industry and push forward to overcome any obstacles and challenges.

The core of our philosophy is to strive towards achieving long-term values to serve the best interests of all employees, customers, shareholders, and the society. Despite the COVID-19 outbreak that has disrupted the global supply chain since 2020, BizLink has been able to achieve growth in operations through cost management, supply chain optimization, smart sourcing, and automation to increase productivity. The employees of BizLink and IN BG will work together to identify and fully utilize the tremendous potential that can be achieved from a larger manufacturing network, a broader technology spectrum, and extensive mutual know-how.

About BizLink

BizLink, founded in 1996, is headquartered in Silicon Valley, USA. Our mission is to make interconnection easier and to become the leading global interconnect solution supplier. We support industries that are environmentally conscious and improve quality of life through providing essential components, wire harnesses, and cables to a wide variety of industries such as IT Infrastructure, Client Peripherals, Optical Fiber Communications, Industrial, Motor Vehicle, Electrical Appliances, Medical Equipment, and Solar. In addition, BizLink also specializes in providing one-stop EMS and NPI services based on customer’s requests. With flexible production resources and global R&D teams in America, Europe, and Asia, BizLink always provides reliable interconnect solutions in close proximity to markets. At BizLink, we strive to keep collaborating closely with customers to turn their innovative ideas into reality. Visit www.bizlinktech.com.

PR Newswire

BEYOND EXPO LAUNCHES BEYOND METAEXPO, AN IMMERSIVE SPACE FOR ITS OFFLINE EXPO IN 2022

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MACAU, Jan. 21, 2022 — On January 11, 2022, BEYOND Expo announced the launch of its BEYOND Metaexpo, hosted by TechNode, which combines a metaverse space and an offline expo to create a seamless experience for everyone. The press conference was held virtually at the press conference room of the BEYOND Metaexpo. Both BEYOND co-founders, Jason Ho and Gang Lu, announced the launch of BEYOND Metaexpo in their avatars to an audience of approximately 1000 tech professionals and more than 100 media representatives.

The press conference was held virtually at the BEYOND Metaexpo.
The press conference was held virtually at the BEYOND Metaexpo.

The press conference was a sneak peek of the BEYOND Metaexpo. The space will be further developed to accommodate the upcoming BEYOND Metaexpo, which will take place on September 21- 24, 2022, both online and offline in Macau. During the conference, the participants got to experience the interactive features of BEYOND Metaexpo first-hand.

"BEYOND Metaexpo will provide a virtual space for companies to participate and interact with attendees from all around the world with its infinite possibilities," said Gang Lu, BEYOND co-founder, during the conference.

The official BEYOND Metaexpo that will be launched in September 2022, is an infinite extension of our BEYOND Virtual. With the new virtual features, exhibitors can set up their booths on-site in Macau and online in the Metaexpo. The virtual booth allows exhibitors to showcase their companies’ futuristic visions and latest technologies in innovative ways. It will also connect exhibitors with partners, buyers, and attendees from all around the world.

On the other hand, our BEYOND Virtual online forums and the BEYOND on-site forums in Macau will be simulcasted at various Metaexpo virtual sites, creating a seamless connection and interaction between our speakers and audiences, on-site and online, in an interconnected space.

"We believe that, with technology, we will transcend boundaries between virtual and reality and create more business opportunities for everyone. Participants who cannot attend due to the pandemic or other reasons can also experience the immersive space at the exhibition and interact with on-site participants in real-time," said Gang Lu.

BEYONDBEYOND 2022: IS HERE, Will launch three brand new sub-brands:
BEYONDBEYOND 2022: IS HERE, Will launch three brand new sub-brands:

Last year, with great support from all parties, BEYOND proved its unlimited potential. This year, BEYOND 2022 will launch three brand new sub-brands: BEYOND Healthcare, BEYOND Sustainability, and BEYOND ConsumerTech, to focus on the life sciences industry, sustainable development, and consumer tech.

BEYOND’s metaverse space is built by the 3D creation platform called Box.Game, a coding platform to help establish a 3D virtual world where young users can create, play, and socialize.

Want to check out the immersive space at the BEYOND Metaexpo? Scan the QR code below to sign up now.

PR Newswire

Zendure Welcomes Jim Haflinger as Chief Technical Advisor

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An engineering expert with decades of experience at major companies including Kodak and Nortek, Jim Haflinger will advise the product research and development team on the company’s expansion into sustainable energy.

PALO ALTO, Calif., Jan. 21, 2022 — Zendure USA Inc. today announced that it has hired Jim Haflinger to the role of Chief Technical Advisor. As the Silicon Valley portable charger company expands into the sustainable energy sector, Haflinger will lend his decades of electrical engineering experience to Zendure‘s research and development team.

Prior to joining Zendure, Jim Haflinger was a Senior Principal Engineer at Nortek, where for 11 years he designed many products for home automation, security, personal safety, and solar backup power. He served Kodak for over six years as a Lead Electrical Engineer for the company’s printer division, designing printheads and multi-protocol interfaces. The role had him coordinating product design and manufacturing in Europe, Asia, and the United States. He was also the engineering representative for the Customer Experience team to make the products more user friendly and easier to install and use.

Prior to joining Zendure, Jim Haflinger was a Senior Principal Engineer at Nortek, where for 11 years he designed many products for home automation, security, personal safety, and solar backup power.
Prior to joining Zendure, Jim Haflinger was a Senior Principal Engineer at Nortek, where for 11 years he designed many products for home automation, security, personal safety, and solar backup power.

In total, Jim Haflinger has over 30 years of experience designing a wide variety of products, including SCSI interfaces and diagnostic equipment, data management tools, and switching power supplies for medical applications.

Haflinger holds a B.S. in Electrical Engineering and Computer Science from Santa Clara University and owns over a dozen patents on a variety of technologies. He is a member of IEEE (The Institute of Electrical and Electronics Engineers) and the Electric Auto Association and is the author of the 2nd edition of "Making SCSI Work".

Recently, the company raised over $1.3 million in crowdfunding for their new SuperBase Pro power station. This year at CES, Zendure set up a high-tech camping experience for visitors and debuted even more energy storage solutions and solar power generators and has plans to further expand into sustainable energy and home power management.

With Jim Haflinger’s product development and engineering expertise, the company hopes to come up with innovative solutions to bolster and accelerate the green energy revolution, including next-gen solar power and energy storage products.

"We are elated to have Jim advising our team, and the timing couldn’t be better," said Zendure CEO and founder Bryan Liu. "With his immense experience in all things electric, Jim will help us lead the global charge toward a sustainable future."

Zendure is a sustainable energy company located in Silicon Valley in the United States and the Guangdong – Hong Kong – Macao Greater Bay Area in China. Since its establishment, Zendure has continuously launched innovative products, made rapid breakthroughs in the core technologies of energy storage and power supplies, and continues to bring pleasant surprises to the user experience. The company recently received a multi-million dollar series-A round of funding from a joint investment from Shanghai GP Capital and YOTRIO group.

Contacts:
Company name: Zendure
Media: Tom Haflinger 
pr@zendure.com
Phone: +1 800 219 0960 

PR Newswire

VVDN opens 5G Test Lab to provide ORAN, RCT and Inter-Operability Testing Services

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GURUGRAM, India, Jan. 20, 2022 — VVDN Technologies, end-to-end product engineering and manufacturing company, today announced the introduction of a new end-to-end 5G Testing Lab for 5G ORAN Based RU Devices in India. VVDN’s 5G lab is intended to enable technology providers such as telecom device manufactures, system integrators as well as Telcos to do protocol and validation testing for Open RAN(ORAN), Radio Conformance Testing (RCT) and IOT(Inter-operability testing) in a real 5G radio environment.

Open RAN is touted for its potential to provide vendor diversity, network flexibility and lower cost. Though its future success is not in question but its adoption timing is definitely a concerning factor for ORAN technology service providers. Device Manufacturers need a quick way to holistically check their radio devices performance and conformance to a wireless network comprising of multi-vendor systems. VVDN’s 5G Testing Services offerings will help customers transition to 5G ORAN by examining how Radio solutions behaves in a fully interoperable, technology-neutral network. A detailed insight on the Radio Device performance, will help in accelerating time to market for the ORAN solutions.

Nitin Jain, Vice President – Sales, VVDN Technologies said, " VVDN has deep commitments in the 5G space. I am thrilled that VVDN’s state of the art 5G Testing Lab is opening doors to many technology partners who are looking for their 5G ORAN based solution launch." He further added, "Our investment in setting up state-of-the-art 5G Testing Lab is very critical to our 5G strategy where we’ve committed ourselves to enable the 5G eco-system. Today we not only help customers with their Radio Unit design, development and manufacturing but also help them with the much needed interoperability, compliance and interface testing solutions."

VVDN looks forward to work with a diverse range of global telecom device manufacturers, system integrators, telcos and other players to help them with 5G Testing. For more details on 5G Testing Labs please contact marketing@vvdntech.in

About VVDN Technologies:

VVDN is a Product Engineering & Manufacturing company focused on designing & manufacturing end-to-end products across several technology vertical markets (5G, Data Center, Vision, Networking and Wi-Fi, IoT, Cloud & Apps). VVDN’s India HQ is located at Gurgaon, India and its North America HQ’s is located in San Jose, CA, USA. VVDN serves global customers across several regions including US, Canada, Europe, India, Vietnam, Korea, and Japan. VVDN has 10 advanced Product Engineering Centers in India, which are fully equipped to design & test the complete hardware & software required to develop a complete product or solution. VVDN’s 5 Manufacturing facilities are located at Manesar, Gurgaon, India which includes in-house best-in-class SMT Factory, Molding & Tooling Factory, Die Casting, Product Assembly Factory, and Product Certifications labs. VVDN’s Engineering & Manufacturing facilities are fully complied to develop & manufacture Enterprise, Consumer, Industrial, and Automotive-grade products. 

Visit www.vvdntech.com for more information.

PR Newswire

HGC ultra-low latency Eyeball-as-a-Service(TM) backs Kacific’s delivery of high-speed, reliable local broadband across Southeast Asia

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HONG KONG, Jan. 17, 2022 — HGC Global Communications Limited (HGC), a fully-fledged ICT service provider and network operator with extensive global coverage, and Kacific Broadband Satellites Group (Kacific), a next-generation broadband satellite operator that provides affordable, high-speed broadband access to Asia Pacific, have collaborated to boost critical connectivity across emerging markets in the Philippines, providing high standards of connectivity service delivery and quality.

Working together, the two providers will offer faster, safer, and more reliable critical infrastructure benefiting the Philippines’ enterprise users as well as an array of industries including mining, government, banks, financial institutions, schools, health clinics, telemedicine, and remote healthcare which may enter the market for the first time.

With a population exceeding 110 million, the Philippines is rapidly digitizing with a high internet penetration expected to reach 82% by 2022.

Kacific’s geostationary Ka-band satellite, Kacific1, was launched in December 2019 to provide high-speed, reliable broadband connectivity to the underserved rural and suburban communities at prices and equipment that are affordable and easily accessible. Now, the operator is deploying innovation breakthroughs on the ground with a new line of high-performance and cost-effective broadband terminals.

HGC has been selected as a partner of choice to host Kacific’s IT infrastructure and critical business applications speeding up deployments and upgrades, as well as improving network latency and accelerating times to market-leading standards and upping security systems.

HGC will provide the international IP routes to Kacific that subsequently will use this to give internet access across remote, internet deprived areas through Satellite technology where there is a lack of fibre.

By utilizing HGC’s flagship ultra-low latency Eyeball-as-a-ServiceTM (EaaS) Solution, Kacific will be able to noticeably reduce latency times and further deploy innovation breakthroughs on the ground with a new line of high-performance and cost-effective broadband terminals.

HGC EaaS has been created to take into consideration regional routing and IP related services, bringing on route diversity that not only achieves ultra-low-latency times of less than 10 milliseconds* and a more robust bandwidth but also offers disaster redundancy preventing profit-hitting downtime.

Ravindran Mahalingam, HGC’s Senior Vice President, International Business, said: "The Philippines is undergoing a tremendous shift as its economy converts to digital, and the need for critical digital infrastructure has never been greater than right now. From enterprises to OTTs providing virtual banking, streaming services and more, this is a turning point in the faciliating business’ digitalization."

Cliff Tam, HGC’s  Senior Vice President, Global Data Strategy of International Business, said: "This project is not only remarkable from a technical standpoint from Earth to space and back, but it also has a tremendous philanthropist side to it because we are helping to connect the unconnected across swathes of Southeast Asia that are full of talent but that until now lacked the digital tools to shine."

"We look forward to continuing working with Kacific as well as all the enterprise/OTT users and other verticals to help them take the first step towards modernizing their operations."

Cyril Annarella, Chief Operations Officer at Kacific, said: "Our focus has always been to work in partnership with major international carriers and with strong local partners to complement our satellite assets and advance the global broadband infrastructure."

"HGC is highly regarded in Asia and the global markets, and is a well-known pioneer in the telecommunication arena. The skills and expertise HGC brings to this project allows us to continuously deliver a world class service to our markets and make a rapid and lasting difference to the people of Southeast Asia.

Contact us to learn more: ibmarketing@hgc-intl.com
HGC Eyeball-as-a-Service™ Solution: https://www.hgc-intl.com/products-and-services/ott-edge-solutions/edge-solution/

*HGC Eyeball-as-a-Service™ Peering Platform Internal Testing Result within the Philippines region.

About HGC

HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.

To learn more, please visit HGC’s website at: www.hgc.com.hk

About Kacific

Kacific Broadband Satellites is a next-generation broadband satellite operator, headquartered in Singapore. Kacific’s high-throughput Ka-band satellite, Kacific1, delivers affordable, high-speed broadband access to the Pacific and Southeast Asia, with a focus on underserved rural and suburban areas.

Kacific uses the latest multi-beam space communications and ground technology to provide quality service to businesses, governments, and communities. Kacific’s services foster greater internet usage, fueling economic growth and improvements in service delivery across covered regions.

Since the launch of the Kacific1 satellite in December 2019, Kacific’s operations have scaled rapidly across Asia Pacific. Kacific currently helps address a market of more than 100 million people in 25 countries around the Pacific and Southeast Asia who are unconnected or under-connected to the internet.

Kacific’s awards include Best Digital Inclusion (Pacific ICT Awards, 2019), Satellite Executive of the Year: Christian Patouraux (APSCC, 2019) and Better World Satellite Award (SSPI, 2018).