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S. Korea’s KT Corp. Acquires Epsilon Telecommunications to Expand Global Presence and Accelerate Digital Transformation

September 10, 2021 TechENT Syndication Leave a comment

SINGAPORE, Sept. 10, 2021 — KT Corp. (KRX: 030200; NYSE: KT), South Korea’s largest telecommunications company, has acquired Singapore-headquartered Epsilon Telecommunications, a global connectivity provider that simplifies how businesses connect applications and data around the world and in the cloud. The acquisition matches Epsilon’s agile innovation in international networking with KT’s world-class telecommunications services, customers, leadership, and resources.

"We are excited to announce the acquisition of Epsilon and welcome the team to the KT family of businesses. Epsilon provides mission-critical networking for global digital transformation and maximising the value of cloud for enterprise customers. It has a tremendous mix of technology, teams and innovation that are directly aligned with KT’s vision for enabling enterprises with digital platforms," said Dr. Hyeonmo Ku, CEO at KT Corp. "Epsilon provides great value with its Infiny platform and global network, which offers customers an agile approach to global networking. Both companies share a vision for global digital transformation and the power that digital platforms have to change industries."

Epsilon’s NaaS platform Infiny provides businesses with a suite of high-performance connectivity and communications services at the click-of-a-button.

KT benefits from Epsilon’s fully managed connectivity services with automation, orchestration and a comprehensive approach to end-to-end service delivery. Epsilon offers consistent and reliable connectivity to leading data centres, clouds and internet exchanges via its global private backbone network.

"The acquisition of Epsilon by KT is a great milestone on our company’s journey and recognition of the hard work of our teams across the globe. The timing is right to support Epsilon with new resources and the backing of a world-leader in telecommunications. We look forward to continuing to grow Epsilon and provide innovative solutions and experiences for our new and existing customers across the globe," said Michel Robert, Chief Executive Officer at Epsilon Telecommunications. "The acquisition is a logical next step for both businesses and a fantastic opportunity for customers, partners and internal teams."

KT gains connectivity to the world’s leading communications and technology hubs in 41 cities, with extensive presence across the Asia-Pacific including Mainland China. With Epsilon’s suite of connectivity solutions spanning cloud connectivity, ethernet (DCI), remote peering, access, SD-WAN, colocation and voice, KT is extending its capabilities to meet the changing demands from carriers, channel partners and enterprises across the globe.

Related Links :

The Global Connectivity Provider

PR Newswire

Handheld announces new version of the NAUTIZ X6 ultra-rugged Android phablet

September 9, 2021 TechENT Syndication Leave a comment

LIDKÖPING, Sweden, Sept. 9, 2021 — Handheld Group, a leading manufacturer of rugged mobile computers, today launched a new version of the popular NAUTIZ X6 ultra-rugged phablet, a handheld computer that combines the big-screen functionality of a tablet with the go-anywhere performance of a rugged phone.

To view the Multimedia News Release, please click: https://www.multivu.com/players/uk/8947251-handheld-announces-new-version-of-the-nautiz-x6/.

With this platform upgrade, the new version of the Nautiz X6 ultra-rugged phablet runs Android 11 and is Android Enterprise Recommended (AER). One of Handheld’s most successful products since its launch in 2019, the Nautiz X6 is ideal for industrial and field applications with the reliability to perform most challenging outdoor and industrial environments.

The Nautiz X6 rugged phablet offers:

Android 11 operating system with GMS, Android Enterprise Recommended (AER).
A sunlight-readable, 6-inch capacitive multi-touch display with super-hardened Gorilla Glass.
IP67 ruggedness rating for waterproof, dust-tight performance, plus a broad operating-temperature range.
An 8-core, 2.2 GHz Qualcomm® Snapdragon processor with 4 GB RAM and 64 GB storage.
Built in GNSS solution for precise navigation using GPS/GLONASS/Galileo/BeiDou.
Dual cameras, including 13-megapixel rear-facing, and 5-megapixel front-facing.
Optional high-quality, high-speed 2D imager.
Multiple enterprise-focused accessories for professionals.
MaxGo software to quickly apply custom settings to multiple devices.

"Since its introduction, the Nautiz X6 has been one of our fastest-selling devices. With its combination of military-level ruggedness, slim design, and reliable performance, the Nautiz X6 has been exactly the rugged handheld our customers needed," says Johan Hed, Handheld Group director of product management. "The platform upgrade and Android 11 plus the quality assurance that the Enterprise Recommended certification brings is likely to add to the product’s success."

Availability

The new version of the Nautiz X6 can be ordered now with shipments expected to start in mid-September.

Helpful links

NAUTIZ X6 product specifications
Press images
Customer success stories
What is rugged?

About Handheld

Handheld Group is a manufacturer and global supplier of rugged mobile computers, handhelds and tablets. Handheld and partners worldwide deliver mobility solutions to businesses within geomatics, logistics, forestry, public transportation, utilities, construction, maintenance, mining, military and security. Handheld Group, headquartered in Sweden, has subsidiaries in Finland, the U.K., the Netherlands, Italy, Germany, Switzerland, Australia and the USA. Learn more at www.handheldgroup.com.

The Nautiz X6 ultra-rugged phablet runs Android 11 and is Android Enterprise Recommended (AER). It is designed for industrial and field applications and has the reliability to perform in the most challenging outdoor and industrial environments.

PR Newswire

Ossia’s™ Cota® Real Wireless Power System Receives European and UK Regulatory Approval Without Any Distance Limitations

September 8, 2021 TechENT Syndication Leave a comment

Ossia’s Cota technology has successfully met the standards required to use the CE and UKCA marks on Cota-enabled products that send and receive power wirelessly without any distance limitation

REDMOND, Wash., Sept. 8, 2021 — Ossia Inc., the company behind Cota® Real Wireless Power™ — the patented technology that delivers power over-the-air, at a distance, and without the need for line-of-sight — today announced that it has successfully passed both EU and UK regulatory assessments. This is the first RF based non-line-of-sight, wireless power technology at-a-distance product to receive EU/UK Type Examination Certificates and that can bear both the CE and UKCA marks.

The Type of Examination Certificates received from an EU Notified Body and UKCA Conformity Assessment Body confirm the Cota system’s compliance with the radio, emissions, immunity, and RF safety standards applicable under the EU Radio Equipment Directive and the UK Radio Equipment Regulation. Along with compliance with the European restrictions on hazardous substances in electrical equipment (RoHS) and product safety requirements, the Cota system complies with the UK and European Union essential requirements and can be licensed and sold with the CE marking in Europe and the UKCA mark in the UK. Previously, the Cota system was only authorized for sale in the US.

This certification, which does not have a distance limitation for delivery of wireless power over-the-air, comes on the heels of two recent US FCC certifications of Cota wireless power technology, and enables the company to service its clients globally. The lack of distance limitation is a significant advantage; a single Cota transmitter has been tested to safely and effectively deliver power over air without any distance limitation.

"We couldn’t be more excited to bring our ground-breaking wireless power technology to more countries and regions in the world. These milestone achievements pave the way for multiple global approvals of Cota Real Wireless Power at-a-distance. While other wireless power technologies require line-of-sight and offer insignificant power that requires the system to switch off in environments with humans, Cota can effectively power devices in the consumer, commercial and industrial spaces," said Doug Stovall, Ossia’s CEO. "Even if the device is on the move or is not in line-of-sight of the transmitter, power can be efficiently and continuously delivered with Cota. This certification paves the way for a whole new level of innovation and product development across a wide range of industries globally," continued Stovall.

Cota Real Wireless Power is currently being deployed in multiple customer applications, including as an asset tracker for the logistics and transportation industry in the US. Ossia has more than 158 issued and allowed patents globally and 213 active utility patent assets for its wireless power transfer system. The EU and UK certification is the latest official recognition of achievement for the company and its technology.

"This certification is a critical step to empowering existing and emerging EU- and UK-based technologies to become free of wires and batteries, which can improve environmental footprints by decreasing reliance on disposable batteries, decreasing costs, and enabling a whole new world of smart products. We are committed to bringing the full range of wireless power at a distance technology to more countries and global brands," said Stovall.

Global wireless power devices based on this EU and UK certification will be available through Ossia’s commercial partners.

About Ossia

Ossia Inc. is leading the world on what is possible with wireless power. Ossia’s flagship Cota® technology redefines wireless power by safely delivering remote, targeted energy to devices at a distance. Ossia’s Cota technology is a patented smart antenna technology that automatically keeps multiple devices charged without any user intervention and enables an efficient and truly wire-free, powered-up world that is always on and always connected. Ossia is headquartered in Redmond, Washington. Visit our website at www.ossia.com.

Related Links

https://www.ossia.com

https://www.linkedin.com/company/ossia-inc-

https://twitter.com/ossiainc

https://www.facebook.com/OssiaInc/

https://www.ossia.com/cota/

https://blog.ossia.com/

Media Inquiries:

Jen Grenz: jeng@ossia.com

Logo – https://techent.tv/wp-content/uploads/2021/09/ossias-cota-real-wireless-power-system-receives-european-and-uk-regulatory-approval-without-any-distance-limitations.jpg

Related Links :

http://www.ossia.com

PR Newswire

CooTek Announces Second Quarter 2021 Unaudited Results

September 8, 2021 TechENT Syndication Leave a comment

SHANGHAI, Sept. 8, 2021 — CooTek (Cayman) Inc. (NYSE: CTK) ("CooTek" or the "Company"), a global mobile internet company, today reported unaudited financial results for the second quarter ended June 30, 2021.

Second Quarter 2021 Highlights

Net revenues were US$83.2 million, a decrease of 34% from US$126.4 million during the same period last year due to the continuous restructuring of portfolio products.
Gross profit was US$74.4 million, a decrease of 38% from US$120.7 million during the same period last year.
Gross profit margin was 89.4%, compared with 95.5% during the same period last year.
Net income was US$0.3 million, compared with net loss of US$12.4 million last quarter, and net income of US$3.1 million during the same period last year.
Adjusted net income^[1] (Non-GAAP) was US$1.1 million, compared with adjusted net loss (Non-GAAP) US$11.1 million last quarter, and adjusted net income (Non-GAAP) of US$4.5 million during the same period last year.
The Company’s Portfolio Products^[2] contributed approximately 99% of total revenues, with a focus on three main categories: online literature, mobile games and scenario-based content apps.

June 2021 Operational Highlights

Average daily active users ("DAUs") of the Company’s portfolio products were 23.5 million, a decrease of 2% from 23.9 million in June 2020. Monthly active users ("MAUs") of the Company’s portfolio products were 70.0 million, a decrease of 16% from 83.5 million in June 2020.
Average DAUs of the Company’s online literature products were 6.7 million, a decrease of 17% from 8.1 million in June 2020. MAUs of the Company’s online literature products were 18.1 million, a decrease of 36% from 28.4 million in June 2020. The average daily reading time^[3] of our online literature product in the Chinese market, Fengdu Novel’s users was approximately 153 minutes in June 2021, which continued to grow steadily compared with 148 minutes in March 2021.
Average DAUs of the Company’s TouchPal Smart Input were 109.6 million. MAUs of the Company’s TouchPal Smart Input were 144.1 million.

"We are pleased to return to profitability while keeping a positive quarter-over-quarter revenue growth in the second quarter of 2021," commented Mr. Karl Zhang, CooTek’s Chairman. "We remain committed to our content-focused strategy by continuously enhancing our product portfolio and optimizing our product features. We are encouraged by the solid implementation of the business plan driven by our online literature and mobile games products. With enriching and high-quality content incubation, Fengdu Novel has been expanding the exclusive content distribution and IP business. The revenues from the IP business of Fengdu Novel recorded 194% quarter-over-quarter growth. In addition, our mobile games portfolio has been further strengthened both in the domestic and overseas markets. We have strived to ride on the strong performance of Catwalk Beauty, our globally top-ranking casual game, to form a competitive product pipeline. As a special note, for the second half of 2021, we can expect such pipeline with more than 15 games in the domestic market and more than 20 games in the overseas market under the smooth combination of our internal development and external cooperation."

Mr. Robert Cui, CooTek’s CFO further commented, "As focusing on upgrading our business model, we have been optimizing the balance between our marketing and monetization strategies which resulted in the achievement of group-level profitability in the second quarter of 2021. We will further expand the scale of our product portfolio, improve our user experience and user stickiness and enhance our monetization capabilities. We are confident in delivering a robust and stable long-term growth."

(in millions)	Portfolio Products
	Portfolio Products		Including: Online literature
	DAUs	MAUs	DAUs	MAUs
Jun’ 19	27.6	65.1	0.3	1.6
Sep’ 19	23.9	67.5	2.0	11.0
Dec’ 19	24.7	74.6	4.8	19.3
Mar’ 20	25.2	89.2	7.3	29.1
Jun’ 20	23.9	83.5	8.1	28.4
Sep’ 20	27.7	94.8	10.0	29.5
Dec’ 20	27.8	85.8	10.2	29.5
Mar’ 21	20.3	58.6	7.5	20.1
Jun’ 21	23.5	70.0	6.7	18.1

Second Quarter 2021 Financial Results

Net Revenues

(in US$ thousands, except percentage)	2Q 2021	1Q 2021	2Q 2020	QoQ % Change	YoY % Change

Mobile Advertising Revenues	82,078	80,408	125,774	2%	(35)%
Other Revenues	1,139	1,144	622	0%	83%
Total Net Revenues	83,217	81,552	126,396	2%	(34)%

Net revenues were US$83.2 million, a decrease of 34% from US$126.4 million during the second quarter of 2020 and an increase of 2% from US$81.6 million during the last quarter. The decrease compared with the same quarter of 2020 was primarily due to a decrease in mobile advertising revenues.

Mobile advertising revenues were US$82.1 million, a decrease of 35% from US$125.8 million during the second quarter of 2020 and an increase of 2% from US$80.4 million during the last quarter. The decrease compared with the same quarter of 2020 was primarily due to the continuous restructuring of portfolio products.

Our portfolio products focus on three categories: online literature, scenario-based content apps and mobile games. Mobile games accounted for approximately 55%, online literature accounted for approximately 37%, and scenario-based content apps accounted for approximately 7% in the second quarter of 2021.

Cost and Operating Expenses

	2Q 2021		1Q 2021		2Q 2020
(in US$ thousands, except percentage)	US$	% of revenue	US$	% of revenue	US$	% of revenue	QoQ % Change	YoY % Change

Cost of revenues	8,801	10%	8,866	11%	5,691	5%	(1)%	55%
Sales and marketing	59,787	72%	70,736	87%	105,999	84%	(15)%	(44)%
Research and development	9,709	12%	9,037	11%	8,103	6%	7%	20%
General and administrative	4,879	6%	5,557	7%	4,136	3%	(12)%	18%
Other operating income, net	(1,459)	(2)%	(802)	(1)%	(446)	(0)%	82%	227%
Total Cost and Expenses	81,717	98%	93,394	115%	123,483	98%	(13)%	(34)%

Share-based compensation expenses by function
Cost of revenues	54	0.1%	79	0.1%	71	0.1%	(32)%	(24)%
Sales and marketing	14	0.0%	41	0.1%	61	0.0%	(66)%	(77)%
Research and development	456	0.5%	646	0.8%	862	0.7%	(29)%	(47)%
General and administrative	317	0.4%	538	0.6%	430	0.3%	(41)%	(26)%
Total share-based compensation expenses	841	1.0%	1,304	1.6%	1,424	1.1%	(36)%	(41)%

Cost of revenues was US$8.8 million, a 55% increase from US$5.7 million during the same period last year, and a decrease of 1% from US$8.9 million during the last quarter. The year-over-year increase was primarily due to an increase in content costs we paid to our signed authors and third-party content providers for the publishing and licensing of relevant online literature works and an increase in salary and payroll expenses associated with staff.

Gross profit was US$74.4 million, a decrease of 38% from US$120.7 million during the same period last year, and an increase of 2% from US$72.7 million last quarter. Gross profit margin was 89.4%, compared with 95.5% in the same period last year and 89.1% last quarter.

Sales and marketing expenses were US$59.8 million, a decrease of 44% from US$106.0 million during the same period last year, and a decrease of 15% from US$70.7 million last quarter. As a percentage of total revenues, sales and marketing expenses accounted for 72%, compared with 84% during the same period last year, and 87% last quarter. The sequential and year-over-year decrease in sales and marketing expenses as a percentage of total net revenues was primarily due to the continuous transition of the strategy in relation to the acquisition of new users and the retention of existing users which resulted in the reduction of the user acquisition costs.

Research and development expenses were US$9.7 million, an increase of 20% from US$8.1 million during the same period last year and an increase of 7% from US$9.0 million last quarter. The sequential and year-over-year increase was primarily due to an increase in salary and payroll expenses associated with technology R&D staff, and was partially offset by decline in share-based compensation expenses. As a percentage of total net revenues, research and development expenses accounted for 12%, compared with 6% during the same period last year and 11% last quarter.

General and administrative expenses were US$4.9 million, an increase of 18% from US$4.1 million during the same period last year and a decrease of 12% from US$5.6 million last quarter. The sequential decrease was mainly due to a decrease in share-based compensation and third-party outsourcing fee, and was partially offset by a rise in professional service fee. The year-over-year increase was mainly due to an increase in salary and payroll expenses associated with G&A staff, professional service fee and third-party outsourcing fee, and was partially offset by decline in share-based compensation. As a percentage of total net revenues, general and administrative expenses accounted for 6%, compared with 3% during the same period last year and 7% during last quarter.

Other operating income, net was US$1.5 million, compared with US$0.4 million during the same period last year and US$0.8 million last quarter. The other operating income mainly included government subsidy received.

Net income was US$0.3 million, compared with net income of US$3.1 million during the same period last year and a net loss of US$12.4 million last quarter.

Adjusted net income was US$1.1 million, compared with adjusted net income of US$4.5 million in the same period last year and adjusted net loss of US$11.1 million last quarter. The achievement of profitability compared with the adjusted net loss last quarter was mainly due to the decrease in sales and marketing expenses as a percentage of total revenue driven by the continuous transition of the strategy in relation to the acquisition of new users and the retention of existing users.

(in US$ thousands, except percentage)	2Q 2021	1Q 2021	2Q 2020	QoQ % Change	YoY % Change

Net Income (Loss)	264	(12,398)	3,119	(102)%	(92)%
Add: Share-based Compensation related to share options and restricted share units	841	1,304	1,424	(36)%	(41)%
Adjusted Net Income (Loss) (Non-GAAP)	1,105	(11,094)	4,543	(110)%	(76)%

For the quarter ended June 30, 2021, basic and diluted net income per ADS were US$0.004 and US$0.004, and basic and diluted adjusted net income (Non-GAAP) per ADS were US$0.02 and US$0.02, respectively.

Balance Sheet and Cash Flows

As of June 30, 2021, cash, cash equivalents and restricted cash were US$39.0million, compared with US$56.1 million as of March 31, 2021. As of June 30, 2021, restricted cash were US$3.3 million, mainly consisting of amount of US$3.1 million held in the Company’s bank account as guarantee deposit for loan facility provided by the bank. As of March 31, 2021, the long-term restricted cash was US$21.5 million held in the Company’s bank accounts which were frozen by a local authority in connection with an ongoing investigation related to an alleged illegal act of certain customers. As of June 30, 2021, the relevant bank accounts have been unfrozen.

Net cash outflow from operating activities during the second quarter of 2021 was US$17.5 million, compared with net cash inflow from operating activities of US$5.4 million for the same period in 2020 and net cash outflow from operating activities of US$23.0 million during the last quarter. Cash outflow from operating activities during the second quarter of 2021 was mainly due to the decrease in accounts payable driven primarily by the decrease of our user acquisition costs.

Net cash outflow from financing activities during the second quarter of 2021 was US$0.1 million, compared with net cash inflow from financing activities of US$3.1 million for the same period in 2020 and net cash inflow from financing activities of US$30.2 million during the last quarter. Cash inflow from financing activities during the first quarter of 2021 was mainly due to the Company issued a convertible note for a principal amount of US$10.0 million and received net proceeds of US$8.9 million from this issuance on January 19, 2021, and the Company issued a convertible note for a principal amount of US$20.0 million and received net proceeds of US$ 18.2 million from this issuance on March 19, 2021.

Share Repurchase Plan

On May 18, 2020, the Company announced a share repurchase program (the "2020 Program") whereby the Company is authorized to repurchase its class A ordinary shares in the form of ADSs with an aggregate value of up to US$20.0 million during the 12-month period starting from May 18, 2020. As of June 30, 2021, the Company had used an aggregate of US$6.0 million to repurchase 1.4 million ADSs under the 2020 Program and recorded as treasury stock. The 2020 Program was terminated on May 17, 2021.

Conference Call and Webcast

CooTek’s management team will host a conference call at 8:00 AM U.S. Eastern Time on September 8, 2021 (8:00 PM Beijing Time on the same day), following the results announcement.

The dial-in details for the live conference call are:

United States:	866-548-4713
Hong Kong:	800-961-105
Mainland China:	4001-209-101
International:	1-323-794-2093
Passcode:	7805619

Please dial in 15 minutes before the call is scheduled to begin. When prompted, ask to be connected to the CooTek (Cayman) Inc. call.

A live webcast and archive of the conference call will be available on the Investor Relations section of CooTek’s website at https://ir.cootek.com/.

About CooTek (Cayman) Inc.

CooTek is a mobile internet company with a global vision that offers content-rich mobile applications, focusing on three categories: online literature, scenario-based content apps and mobile games. CooTek’s mission is to empower everyone to enjoy relevant content seamlessly. CooTek’s user-centric and data-driven approach has enabled it to release appealing products to capture mobile internet users’ ever-evolving content needs and helps it rapidly attract targeted users.

Non-GAAP Financial Measure

To supplement the unaudited consolidated financial information prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP"), the Company uses non-GAAP financial measure of adjusted net loss that is adjusted from results based on GAAP to exclude the impact of share-based compensation, and Adjusted EBITDA that is net loss excluding interest income and expense, income taxes, depreciation and amortization, and share-based compensation. The measure should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

The Company believes that the non-GAAP measure help identify underlying financial and business trends relating to the Company’s results of operations that could otherwise be distorted by the effect of certain expenses that the Company include in loss from operations and net loss. By making the Company’s financial results comparable period over period, the Company believes adjusted net loss and Adjusted EBITDA provides useful information to better understand the Company’s historical business operations and future prospects and allows for greater visibility with respect to key metrics used by the management in financial and operational decision-making. In order to mitigate these limitations, the Company has provided specific information regarding the GAAP amounts excluded from the non-GAAP measure. The table at the bottom of this press release includes details on the reconciliation between GAAP financial measure that is most directly comparable to the non-GAAP financial measure the Company has presented.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident," "optimistic" and similar statements. CooTek may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about CooTek’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: CooTek’s mission and strategies; future business development, financial conditions and results of operations; the expected growth of the mobile internet industry and mobile advertising industry; the expected growth of mobile advertising; expectations regarding demand for and market acceptance of our products and services; competition in mobile application and advertising industry; relevant government policies and regulations relating to the industry and the development and impacts of COVID-19. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and CooTek does not undertake any obligation to update such information, except as required under applicable law.

For investor enquiries, please contact:

CooTek (Cayman) Inc.
Mr. Robert Yi Cui
Email: IR@cootek.com

ICA Investor Relations (Asia) Limited
Mr. Kevin Yang
Phone: +86-21-8028-6033
E-mail: cootek@icaasia.com

CooTek (Cayman) Inc.
Unaudited Condensed Consolidated Statement of Operations
(in thousands, except for share and per share data)

	Three Months Ended			Six Months Ended
	June 30,	March 31,	June 30,	June 30,
	2020	2021	2021	2020	2021
	US$	US$	US$	US$	US$

Net revenues	126,396	81,552	83,217	233,409	164,769
Cost of revenues	(5,691)	(8,866)	(8,801)	(10,273)	(17,667)
Gross Profit	120,705	72,686	74,416	223,136	147,102
Operating expenses:
Sales and marketing expenses	(105,999)	(70,736)	(59,787)	(208,435)	(130,523)
Research and development expenses	(8,103)	(9,037)	(9,709)	(14,950)	(18,746)
General and administrative expenses	(4,136)	(5,557)	(4,879)	(7,437)	(10,436)
Other operating income, net	446	802	1,459	836	2,261
Total operating expenses	(117,792)	(84,528)	(72,916)	(229,986)	(157,444)
Income (loss) from operations	2,913	(11,842)	1,500	(6,850)	(10,342)
Interest income (expense), net	211	(313)	(1,336)	234	(1,649)
Foreign exchange (loss) gain, net	(2)	(243)	19	—	(224)
Fair value change of derivatives	—	—	85	—	85
Income (loss) before income taxes	3,122	(12,398)	268	(6,616)	(12,130)
Income tax expense	(3)	—	—	(3)	—
Share of loss in equity method investment	—	—	(4)		(4)
Net income (loss)	3,119	(12,398)	264	(6,619)	(12,134)
Net income (loss) per ordinary share
Basic	0.001	(0.004)	0.0001	(0.002)	(0.004)
Diluted	0.001	(0.004)	0.0001	(0.002)	(0.004)
Weighted average shares used in calculating net income (loss) per ordinary share
Basic	3,084,894,043	3,136,585,226	3,238,319,836	3,094,780,922	3,187,723,620
Diluted	3,222,716,303	3,136,585,226	3,279,417,127	3,094,780,922	3,187,723,620
Non-GAAP Financial Data
Adjusted Net Income (Loss)	4,543	(11,094)	1,105	(4,254)	(9,989)
Adjusted EBITDA	5,123	(9,924)	3,428	(2,945)	(6,496)

Unaudited Condensed Consolidated Balance Sheets
(in thousands, except for share and per share data)

	As of
	March 31, 2021	June 30, 2021
	US$	US$

ASSETS
Current assets:
Cash and cash equivalents	31,413	35,667
Restricted cash	3,238	3,293
Short-term investment	50	50
Accounts receivable, net of allowance for doubtful accounts of US$1,126 as of March 31, 2021 and US$1,180 as of June 30, 2021, respectively	27,425	31,451
Prepaid expenses and other current assets	9,293	8,966
Total current assets	71,419	79,427
Long term restricted cash	21,476	—
Property and equipment, net	4,916	4,100
Intangible assets, net	360	326
Operating lease right-of-use assets[4]	2,177	1,818
Long-term investments	304	620
Other non-current assets	1,015	1,211
TOTAL ASSETS	101,667	87,502
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities
Accounts payable	63,819	50,245
Short-term borrowings	15,028	15,162
Accrued salary and benefits	5,389	6,555
Operating lease liabilities, current^[4]	1,486	1,322
Accrued expenses and other current liabilities	9,697	6,685
Convertible notes	16,547	16,243
Derivative liabilities	1,662	1,577
Deferred revenue	3,114	3,086
Total current liabilities	116,742	100,875
Other non-current liabilities	425	391
Operating lease liabilities, non-current³	688	231
TOTAL LIABILITIES	117,855	101,497

Unaudited Condensed Consolidated Balance Sheets (continued):
(in thousands, except for share and per share data)

	As of
	March 31, 2021	June 30, 2021
	US$	US$

Shareholders’ Deficit:
Ordinary shares	33	33
Treasury shares	(5,132)	(5,229)
Additional paid-in capital	203,836	206,159
Accumulated deficit	(213,363)	(213,099)
Accumulated other comprehensive loss	(1,562)	(1,859)
Total Shareholders’ Deficit	(16,188)	(13,995)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	101,667	87,502

Unaudited Condensed Consolidated Statement of Cash Flows
(in thousands, except for share and per share data)

	Three Months Ended			Six Months Ended
	June 30,	March 31,	June 30,	June 30,
	2020	2021	2021	2020	2021
	US$	US$	US$	US$	US$


Net cash provided by (used in) operating activities	5,402	(22,974)	(17,540)	20,362	(40,514)
Net cash used in investing activities	(13,859)	(359)	(565)	(14,628)	(924)
Net cash provided by (used in) financing activities	3,100	30,150	(135)	(754)	30,015
Net (decrease) increase in cash and cash equivalents	(5,357)	6,817	(18,240)	4,980	(11,423)
Cash, cash equivalents, and restricted cash at beginning of period	70,026	49,622	56,127	59,966	49,622
Effect of exchange rate changes on cash and cash equivalents	252	(312)	1,073	(25)	761
Cash, cash equivalents, and restricted cash at end of period	64,921	56,127	38,960	64,921	38,960

Reconciliations of GAAP and Non-GAAP Results
(in thousands, except for share and per share data)

	Three Months Ended			Six Months Ended
	June 30,	March 31,	June 30,	June 30,
	2020	2021	2021	2020	2021
	US$	US$	US$	US$	US$


Net Income (Loss)	3,119	(12,398)	264	(6,619)	(12,134)
Add:
Share-based compensation related to share options and restricted share units	1,424	1,304	841	2,365	2,145
Adjusted Net Income (Loss) (Non-GAAP)*	4,543	(11,094)	1,105	(4,254)	(9,989)
Add:
Interest (income) expense, net	(211)	313	1,336	(234)	1,649
Income taxes	3	—	—	3	—
Depreciation and amortization	788	857	987	1,540	1,844
Adjusted EBITDA (Non-GAAP)*	5,123	(9,924)	3,428	(2,945)	(6,496)

* The tax impact to the non-GAAP adjustments is zero.

^[1] "Adjusted net income" (Non-GAAP) is a non-GAAP measure, which is defined as net loss excluding share-based compensation related to share options and restricted share units. For further information, please see "Non-GAAP Financial Measures" and "Reconciliations of GAAP and non-GAAP results" at the bottom of this release.

^[2]"Portfolio Products" is to the mobile applications that we develop and provide to our users and business partners, which exclude TouchPal Smart Input and TouchPal Phonebook.

^[3] "Average daily reading time" for any day is calculated by dividing (i) the sum of time spent on reading books on our Fengdu Novel for such day, by (ii) the number of Fengdu Novel users who spent time on reading books for such day. The average daily reading time for any month is calculated by dividing (i) the sum of average daily reading time for each day in such month, by (ii) the number of days in such month.

^[4] On January 1, 2021, the Company adopted ASC 842, the new lease standard, using the modified retrospective method.

Related Links :

https://ir.cootek.com/

PR Newswire

Mobileum Referenced for 5G Service Assurance and Testing Vendors in 2021 Gartner ® Report Titled, “Market Trend: Expand CSPs’ Monetization With 5G, AI, Edge Compute”

September 7, 2021 TechENT Syndication Leave a comment

Testing Requirements Vital to 5G Monetization

CUPERTINO, Calif., Sept. 7, 2021 — Mobileum Inc. ("Mobileum"), a leading global provider of analytics solutions for roaming and network services, security, risk management, testing, and monitoring, is pleased to announce that it has been referenced in the 2021 Gartner report, " Market Trend: Expand CSPs’ Monetization with 5G, AI, Edge Compute".[1] The report identifies Mobileum as a Service Assurance and Testing vendor.

As CSPs transition to 5G, there are new opportunities to leverage their 5G networks as a service, providing vertical industries, such as industrial automation, security, healthcare, and automotive, the ability to boost connectivity-enabled productivity and innovation. With advanced closed-loop service assurance mechanisms supported by testing and revenue assurance mechanisms in place, CSPs can pursue new business models, such as offering SLA-based pricing according to various levels of quality. However, this requires an integrated testing and charging monitoring solution encompassing the 5G device, radio access, and core network. Mobileum’s Active Intelligence platform is a leading telecom-focused analytics technology with a robust testing infrastructure, automation capabilities, and a widespread set of network interfaces that allows for an active-passive testing and monitoring approach required to support 5G SLA-based business models.

"Due to the nature of dynamic provisioning and the scaling of network capacity and resources brought on by 5G, it’s more important than ever for CSPs to ensure that the quality of service delivered is meeting SLAs and the charges for those services are accurate. We are pleased to have been included in this Gartner report as a company providing this critical business support," stated Ron Haberman, Chief Product Officer at Mobileum.

Mobileum’s Testing and Monitoring and Risk Management solutions provide the service and connectivity customer experience monitoring required to support B2B and B2B2X business models. The in-depth portfolio provides the automation framework and performance intelligence necessary for CSPs to understand the domestic network experience spanning 5G, IoT and eSIM, mobile money, video, emergency service, IMS, voice, data and messaging, core network, to the smartphone and app experience. In addition, it is supporting CSPs across the world to test and monitor the international network experience for their roaming, IoT and connected cars, VoLTE roaming, and international Carrier customers. Recently, Mobileum announced that Audi (AUDVF) is deploying Mobileum’s Connected Car Testing solution to test and monitor the end-to-end quality of service (QoS) of their connected cars and ensure the highest service assurance standards and control over customer experience.

Sources (available to Gartner subscribers):

[1] Gartner, "Market Trend: Expand CSPs’ Monetization with 5G, AI, Edge Compute", Susan Welsh de Grimaldo, 27 May 2021

Gartner Disclaimer

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be constructed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Mobileum Inc.

Mobileum is a leading provider of Telecom analytics solutions for roaming, core network, security, risk management, domestic and international connectivity testing, and customer intelligence. More than 1,000 customers rely on its Active Intelligence platform, which provides advanced analytics solutions, allowing customers to connect deep network and operational intelligence with real-time actions that increase revenue, improve customer experience, and reduce costs. Headquartered in Silicon Valley, Mobileum has global offices in Australia, Dubai, Germany, Greece, India, Portugal, Singapore, and UK.

More in www.mobileum.com and follow @MobileumInc on Twitter.

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

PR Newswire

uCloudlink Cooperates with Singapore EdTech Company JULES to Bring Fail-proof Connection Solution to the Education Sector

September 3, 2021 TechENT Syndication Leave a comment

Using HyperConn™, the company provides reliable internet connections to allow students to enjoy uninterrupted learning.

HONG KONG, Sept. 3, 2021 — UCLOUDLINK GROUP INC. (NASDAQ: UCL, "uCloudlink"), a company offering the better connection solution to everyone globally via its innovative technology, has joined forces with JULES Corporation Pte Ltd ("JULES"), a Singapore Social-Enterprise and award-winning global software Education Technology company, in exploring ways to solve the pain point of schools, parents and students to allow young students to stay connected at home by way of its powerful HyperConn™ solution as a demonstration of what is possible for the education sector.

In a recent UNICEF report with International Telecommunication Union (ITU), up to two-thirds of students of the world’s school-age children do not have internet connections. The problem has escalated during the heights of the COVID pandemic when online school is not only an option, but the only choice in many regions for an extended period of time.

"Internet connection became a must-have in this new normal. For online learning, reliable equipment like computers and iPads are not enough, a reliable internet connection is also crucial. Poor internet connections and online congestion will occur from time to time under the circumstance of a network supported by one single operator. uCloudlink’s HyperConn™ solution will make use of all WiFi/5G/4G wireless networks, which enables it to provide a good and uninterrupted network connection," said Chaohui Chen, CEO of uCloudlink. "We believe by widely adopting a flexible, reliable and efficient technology, remote schooling will be significantly improved by delivering students an undisrupted and focused learning experience."

"During the pandemic, we have seen millions of students around the world grappled with bad internet services which severely affected their academic performance. We believe uCloudlink’s HyperConn™ solution, which has brought so much convenience to the frequent travellers and businesspersons who are in need of fast-speed internet unbound by locations and time, will also be an easy and affordable answer to this problem for students, parents and educators alike," said Mr. Jonathan Chan, Founder and CEO of Jules.

uCloudlink’s HyperConn™ ensures an uninterrupted network connection at all times, no matter the environment and conditions. By leveraging AI to determine the most effective network coverage based on a user’s present location, internet usage and performance of all broadband networks available, HyperConn™ ensures that users enjoy the better network connection possible at all times. This dynamic and seamless switching also guarantees the network will never fail regardless of what apps are open, how many people are using the connection, or where a user is.

The COVID-19 pandemic has not only put the potentials of online education but also exposed the flaws the digital learning which is amplified by the over-stretched Wi-Fi or poor internet connections due to online congestion. Using uCloudlink’s HyperConn™ solution, the partnership of uCloudlink and Jules aims to address this challenge, keep teachers and students staying connected amid the pandemic and beyond and free students from the limits of traditional home broadband connection, the unstable internet coverage at public facilities as well as the pain of poor mobile internet while parents and kids are on the go.

About UCLOUDLINK GROUP INC

uCloudlink is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

Contact:

Carina Cheung
carina-pr@ucloudlink.com
(852)21806111

PR Newswire

CLPS Incorporation Announces Establishment of Philippine Subsidiary to Expand in the Southeast Asia Market

September 3, 2021 TechENT Syndication Leave a comment

HONG KONG, Sep. 3, 2021 — CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that it established CLPS Technology (Philippines) Corp. ("CLPS Philippines") in Metro Manila. The formation of the Philippine subsidiary is in line with the Company’s global expansion strategy, particularly to extend its operation in Southeast Asia. CLPS Philippines has completed the initial phase of its business and started to be operational.

In recent years, CLPS has been proactively advancing its presence in Southeast Asia due to the continuous demand for financial IT services in the region. One such move is the completion of Ridik acquisition that led to designating Singapore as Southeast Asia headquarters of CLPS. Therefore, the Company established CLPS Philippines to support its clients’ respective international business, and eventually a means to penetrate the domestic financial IT services market in the country. As a result of this strategy, it will enable CLPS to maintain a strong foothold in the region.

CLPS appointed Mr. Srustijeet Mishra, head of CLPS Southeast Asia region, as the director and president of CLPS Philippines. "The establishment of the Philippine subsidiary is another solid evidence of the successful implementation of our global expansion strategy. In addition, it will provide a more efficient service delivery to our international clients’ businesses in the country. Our competitive advantage as a provider of industry-leading IT consulting and solution services in Asia Pacific region positions us to better serve our clients in banking and other financial institutions," Mr. Mishra said. "As we look ahead, we will institute plans to drive our overseas presence, such as exploring business potentials in other parts of Southeast Asia to further push our overseas revenue in an upward trend," he ended.

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT") consulting and solutions service provider focusing on the banking, insurance, and financial service sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial service industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong SAR, and their PRC-based IT centers. The Company maintains 19 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining eight global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, Australia, India, and the Philippines. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, and Twitter.

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s expectations of the Company’s future growth, performance and results of operations, the Company’s ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

Related Links :

https://ir.clpsglobal.com/

PR Newswire

Luokung Announces eMapgo to Lead Development of Standards for Technical Requirements of Automated Valet Parking Map and Localization

September 2, 2021 TechENT Syndication Leave a comment

BEIJING, Sept. 2, 2021 — Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that the Technical Requirements of Automated Valet Parking Map and Localization (the "AVP Requirements"), a standard project sponsored by Luokung’s operating affiliate eMapgo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has passed the review of the China Society of Automotive Engineers and entered the development phase.

Automated Valet Parking ("AVP") is known as the L4 autonomous driving technology that enables vehicles to park themselves. Luokung believes that AVP is currently the most promising application for autonomous driving technology and is the first to achieve commercial launch. The development of the AVP Requirements will further improve and refine the AVP standards and establish a uniform set of safety and technical requirements in China, providing a clear foundation for future AVP products. The development of the AVP Requirements allows the industry to promote the progress of AVP product development and launch, as well as the safe and rapid expansion of the autonomous driving industry.

Development of the AVP Requirements will be led by EMG, together with representatives of nearly 60 industries including relevant map vendors, positioning service providers, software and hardware vendors in the field of autonomous driving, car manufacturers, communication operators, and parking lot operators.

Mr. Xuesong Song, Chairman and CEO, stated, "We are pleased that EMG will be continuing its leadership role in the development of new industry standards, in this case for the exciting and growing autonomous driving industry. We believe that this role will open up additional opportunities for Luokung in the areas of autonomous driving and supportive technologies, affirming our leading position in the industry and enabling us to establish working relationships with new partners that are as dedicated to improving industry standards and laying a foundation for more widespread application of the AVP standard."

About Luokung Technology Corp.

Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and related intelligent spatial-temporal big data, Luokung establishes city-level and industry-level holographic spatial-temporal digital twin systems serving industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: www.luokung.com/en.

ABOUT EMAPGO

eMapgo, a variable interest entity ("VIE") of Luokung, is a leading provider of navigation and electronic map services in China, as well as a leading provider in Internet map services, geographic information system engineering and other A-level mapping qualifications. EMG possesses the National Class-A qualification certificates of navigable Surveying and Mapping, and actively develops autonomous driving and HD Map services. Effective March 17, 2021, Luokung consummated its acquisition of EMG through the purchase of the equity interests of Saleya Holdings Limited, which, through a series of contracts between its wholly-owned subsidiary DMG Infotech Co., Ltd. and EMG, made EMG Luokung’s VIE. For more information, please visit EMG’s website: www.emapgo.com.cn.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding our or our management’s expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "plan", "probable", "potential", "should", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination and analysis of the existing law, rules and regulations and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you the statement herein will be accurate. As a result, you are cautioned not to rely on any forward-looking statements.

CONTACT:

The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
Email: ir@luokung.com

Investor Relations:
Ms. Carolyne Sohn
Vice President
The Equity Group Inc.
Tel: 415-568-2255
Email: csohn@equityny.com

Related Links :

http://www.luokung.com

PR Newswire

NDB initiates membership expansion, extends global outreach

September 2, 2021 TechENT Syndication Leave a comment

Development bank established by BRICS welcomes the admission of UAE, Uruguay and Bangladesh as new members

SHANGHAI, Sept. 2, 2021 — The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has initiated its membership expansion.

NDB’s Board of Governors authorized the Bank to conduct formal negotiations with prospective members in late 2020. After a round of successful negotiations, NDB approved the admission of the United Arab Emirates (UAE), Uruguay and Bangladesh as its first new member countries.

"We are delighted to welcome the UAE, Uruguay and Bangladesh to the NDB family. New members will have in NDB a platform to foster their cooperation in infrastructure and sustainable development", said Mr. Marcos Troyjo, President of NDB. "We will continue to expand the Bank’s membership in a gradual and balanced manner".

"The United Arab Emirates’ membership in the New Development Bank represents a new step to enhance the role of the UAE economy on the global stage, especially in light of the great capabilities and expertise that the country possesses in supporting infrastructure projects and sustainable development. This monumental step would not have been achieved without the vision and directions of the UAE leadership who believe in the importance of supporting development projects around the world especially in the emerging economies", said H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs of the UAE.

"Uruguay sees in the NDB a great opportunity to harness cooperation with its member countries, aiming to achieve stronger international integration in trade and cross-border investment flows", said H.E. Azucena Arbeleche, Minister of Economy and Finance of Uruguay.

"Membership of Bangladesh to NDB has paved way for a new partnership at a momentous time of 50th anniversary of our independence. Membership in the NDB is an important step forward in meeting the development vision of our Hon’ble Prime Minister, Sheikh Hasina. We look forward to working closely with NDB to build together a prosperous and equitable world for our next generation as dreamt by our Father of the Nation Bangabandhu Sheikh Mujibur Rahman", said Hon. A H M Mustafa Kamal, Minister of Finance of Bangladesh.

Once admitted, a country’s membership to NDB becomes effective when it completes its domestic processes and deposits the instrument of accession.

Since the beginning of its operations, NDB approved about 80 projects in all of its members, totaling a portfolio of US$ 30 billion. Projects in areas such as transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development are within the scope of the Bank.

NDB’s membership expansion is in line with the Bank’s strategy to be positioned as the premier development institution for emerging economies.

Background information

NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. NDB has an authorized capital of US$ 100 billion, which is open for subscription by members of the United Nations.

PR Newswire

Mobileum Named Sample Vendor in 2021 Gartner ® Hype Cycle™ reports titled, “Hype Cycle for Privacy, 2021” and “Hype Cycle for the Future of CSP Network Infrastructure”

September 1, 2021 TechENT Syndication Leave a comment

5G Network Security mentioned as a Key Technology as report states, "Securing 5G networks is a priority for CSPs and enterprises as the rise of private deployments, vertical applications, cloud architecture and massive IoT connections in 5G creates new vulnerabilities and challenges, such as potential DDoS attack vectors and entry points. "

CUPERTINO, Calif., Sept. 1, 2021 — Mobileum Inc. ("Mobileum"), a leading global provider of analytics solutions for roaming and network services, security, risk management, testing, and monitoring, is pleased to announce that it has been named a Sample Vendor in the 2021 Gartner reports titled, "Hype Cycle for Privacy, 2021" [1] and "Hype Cycle for the Future of CSP Network Infrastructure, 2021"[2]. Mobileum is named in the 5G network security category.

According to Gartner, "securing 5G networks is a priority for CSPs and enterprises as the rise of private deployments, vertical applications, cloud architecture and massive IoT connections in 5G creates new vulnerabilities and challenges, such as potential DDoS attack vectors and entry points".What’s more, "security and risk management leaders managing technology, information and resilience risk consider privacy a top priority". Gartner estimates that, " By year-end 2023, 75% of the world’s population will have its personal data covered under modern privacy regulations, up from 25% today".[1]

"For CSPs to monetize more demanding 5G use cases, such as smart cities, they will need to guarantee security levels. This will require true end-to-end 5G network security spanning the core network, network slices, edge, and through to enhanced subscriber identity protection. We consider that being named by Gartner as a Sample Vendor for 5G network security category reinforces Mobileum market leadership position in telecom security and risk management space," stated Avnish Chauhan, CTO at Mobileum.

Mobileum’s Active Intelligence platform is a leading telecom-focused analytics technology that supports roaming, network services, security, risk management, and testing. Mobileum’s network security product portfolio provides CSPs with end-to-end security and protection for 5G networks, services, and subscribers. Mobileum’s solutions enable secure interconnect between 5G networks, while ensuring backward compatibility across 5G, 4G, 3G, 2G MNO networks. The Active Intelligence platform ensures 5G network security with cross-protocol powered signaling firewalls, including SS7, GTP, Diameter, and SIP firewalls. Backed by Mobileum’s advanced analytics, penetration testing, SMS Spam Protect, and traffic anomaly detection, CSPs can detect threats before they happen, enabling them to deliver secure IoT connections, meet the higher security requirements for network slicing, and deliver 5G security demands needed for guaranteed QoS and QoE.

Sources (available to Gartner subscribers):

[1] Gartner, Hype Cycle for Privacy, 2021, Bart Willemsen, 13 July 2021.

[2] Gartner, Hype Cycle for the Future of CSP Networks Infrastructure, 2021, Sylvain Fabre, 12 July 2021.

Gartner Disclaimer

GARTNER and HYPE CYCLE are a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission

About Mobileum Inc.

Mobileum is a leading provider of Telecom analytics solutions for roaming, core network, security, risk management, domestic and international connectivity testing, and customer intelligence. More than 1,000 customers rely on its Active Intelligence platform, which provides advanced analytics solutions, allowing customers to connect deep network and operational intelligence with real-time actions that increase revenue, improve customer experience and reduce costs. Headquartered in Silicon Valley, Mobileum has global offices in Australia, United Arab Emirates, Germany, Greece, India, Portugal, Singapore, and UK.

More in www.mobileum.com and follow @MobileumInc on Twitter.

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

Useful Contacts:

QUEXOR GROUP INC.

Barbara Henris | bhenris@quexor.com | Mob.: +1 (703) 470-9446

Media and Corporate Communications – Mobileum

Sandra Almeida | sandra.almeida@mobileum.com | Mob. +351 939650229

Product Management and Analyst Relations – Mobileum

Carlos Marques | Carlos.Marques@mobileum.com | Mob. +351 939650124

techENT

Tag Archives: TLS

S. Korea’s KT Corp. Acquires Epsilon Telecommunications to Expand Global Presence and Accelerate Digital Transformation

Handheld announces new version of the NAUTIZ X6 ultra-rugged Android phablet

Ossia’s™ Cota® Real Wireless Power System Receives European and UK Regulatory Approval Without Any Distance Limitations

CooTek Announces Second Quarter 2021 Unaudited Results

Mobileum Referenced for 5G Service Assurance and Testing Vendors in 2021 Gartner ® Report Titled, “Market Trend: Expand CSPs’ Monetization With 5G, AI, Edge Compute”

uCloudlink Cooperates with Singapore EdTech Company JULES to Bring Fail-proof Connection Solution to the Education Sector

CLPS Incorporation Announces Establishment of Philippine Subsidiary to Expand in the Southeast Asia Market

Luokung Announces eMapgo to Lead Development of Standards for Technical Requirements of Automated Valet Parking Map and Localization

NDB initiates membership expansion, extends global outreach

Mobileum Named Sample Vendor in 2021 Gartner ® Hype Cycle™ reports titled, “Hype Cycle for Privacy, 2021” and “Hype Cycle for the Future of CSP Network Infrastructure”

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