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PR Newswire

Pixelworks Display Technology Powers ASUS Zenfone 8 Series

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Leading color accuracy, DC dimming and HDR tone mapping technology delivers stunning cinematic video experience

SAN JOSE, Calif., May 13, 2021 — Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced that the new flagship smartphone ASUS Zenfone 8 series – the Zenfone 8 and Zenfone 8 Flip incorporate the Company’s leading color calibration, DC Dimming and HDR tone mapping technology to make on-screen entertainment come to life for ASUS mobile users. With HDR certification, Zenfone 8 series users can enjoy the most immersive new content from popular streaming sites, such as Amazon, Netflix and YouTube.

With Pixelworks’ advanced display technology, the new Zenfone 8 series deliver more vibrant colors and absolute color accuracy for true-to-life videos and photos, with greater contrast and detail, even when viewing in darker environments. The Company’s innovative DC dimming feature reduces flicker sometimes associated with screen dimming in dark environments, improving eye comfort while maintaining superior viewing clarity.

The Zenfone 8 is built on a beautiful 5.9" display with 120 HZ refresh rate and resolution of 1080 x 2448 pixels, while the Zenfone 8 Flip offers the same resolution in a 6.67" OLED display with a 90 Hz refresh rate. Together, the Zenfone 8 series deliver superior display performance based on visual processing technologies by Pixelworks, including the following:

  • Industry-leading HDR – The Company’s precision HDR tone mapping provides exceptional contrast and color depth with up to 1 billion hues and access to more HDR content with certification from top content providers, including Amazon, Netflix and YouTube.
  • Absolute Color Accuracy – Every Zenfone 8 and Zenfone 8 Flip smartphone is factory calibrated with Pixelworks patented, high-efficiency calibration technology, producing an average delta E less than 1, which means that the human eye cannot detect any deviation from perfect color reproduction.
  • DC Dimming – Reduces eye strain and visual sensitivity that can occur at low brightness on OLED screens. To dim the screen, Pixelworks’ innovative solution dynamically adjusts the display’s current to reduce the screen flickering associated with conventional Pulse Width Modulation (PWM) dimming.

"We are excited to see our ongoing strategic collaboration with Pixelworks continue to elevate the visual quality of Zenfone smartphones to new heights," said Bryan Chang, General Manager, Smartphone Business Unit at ASUS. "The smartphone display is the consumer’s window to the world. ASUS has always attached great importance to the display experience for our users. We made display quality the major differentiator for our Zenfone 8 series by incorporating the industry-leading visual processing technologies of Pixelworks to transform consumer entertainment into breathtaking cinematic experiences they can enjoy anywhere they go."

"We congratulate ASUS on the launch of their newest flagship series phones," said Todd DeBonis, President and CEO, Pixelworks. "The integration of our display technology in the Zenfone 8 and Zenfone 8 Flip are the latest testament to a long-standing partnership that continues to deliver standout display performance with stunning visuals for today’s mobile phone users. We look forward to our continued collaboration with ASUS as we push the boundaries of visual performance in smartphones."

Availability
ASUS announced and officially launched the Zenfone 8 series on May 12, 2021 to the global markets and is expected to be commercially available right after launch.

About ASUS
ASUS is a multinational company known for the world’s best motherboards, PCs, monitors, graphics cards and routers. Along with an expanding range of superior gaming, content-creation and AIoT solutions, ASUS leads the industry through cutting-edge design and innovations made to create the most ubiquitous, intelligent, heartfelt and joyful smart life for everyone. With a global workforce that includes more than 5,000 R&D professionals, ASUS is driven to become the world’s most admired innovative leading technology enterprise. Inspired by the In Search of Incredible brand spirit, ASUS won more than 11 awards every day in 2019 and ranks as one of Forbes’ World’s Best Regarded Companies and Fortune’s World’s Most Admired Companies. 

About Pixelworks
Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has more than 20-year history of delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services. Pixelworks is headquartered in San Jose, CA. For more information, please visit the company’s web site at www.pixelworks.com.

Note: Pixelworks and the Pixelworks logo are registered trademarks of Pixelworks, Inc. All other trademarks are the property of their respective owners.

Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be identified by use of terms such as "begin," "continue," "will," "expect", "believe," "anticipate" "projected" and similar terms or the negative of such terms, and include, without limitation, statements about the launch dates of smartphones containing Company’s products. Such statements are based on management’s current expectations, estimates and projections about the Company’s business. These statements are not guarantees of future performance and involve numerous risks, uncertainties and assumptions that are difficult to predict. Actual results could vary materially from those contained in forward looking statements due to many factors, including, without limitation: our ability to execute on our strategy; competitive factors; the success of our products in expanded markets; current global health and economic challenges, including the impact of COVID-19; and changes in our target markets, including as to demand. More information regarding potential factors that could affect the Company’s financial results and could cause actual results to differ materially from those discussed in the forward-looking statements is included from time to time in the Company’s Securities and Exchange Commission filings, including its Annual Report on Form 10-K for the year ended December 31, 2020 as well as subsequent SEC filings.

The forward-looking statements contained in this release are as of the date of this release, and the Company does not undertake any obligation to update any such statements, whether as a result of new information, future events or otherwise.


 

Related Links :

http://www.pixelworks.com/

http://www.pixelworks.com

PR Newswire

FORESEE MCP Products Employ Stacked Packaging for Improved Performance, Reduced Power Consumption, and a Superior User Experience

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SHENZHEN, China, May 10, 2021 — FORESEE, a technology-based storage brand of Longsys, recently launched its NAND-based MCP and eMCP products, which use Flash and LPDDR stacked packaging. This method of packaging saves PCB space, simplifies cable routing, and meets customer demand for miniature electronic products.

MCP is a hybrid packaging technology that utilizes vertical stacking. It can dramatically reduce the footprint of storage devices in electronic products, reduce power consumption, and improve the standby capabilities of electronic products. As a high-end technology-based storage brand, FORESEE remains focused on scientific research and development and produces its own MCP products thanks to continuous innovation. Among these MCP products, the most commonly seen is the NAND-based MCP that is applied to miniature electronic products such as feature phones and sports bands, as well as the eMCP that is applied to mobile phones and tablets.

The NAND-based MCP boasts low power consumption, with a 1.8V core voltage that can meet the long standby time requirements of wearable electronics and the Internet of Things (IoT). It comes in various capacities including 1Gb+1Gb, 2Gb+1Gb, 2Gb+2Gb, and 4Gb+2Gb, thereby meeting the varying capacity requirements of customers.

During the design and production of the FORESEE eMCP, eMMC and LPDDR were packaged together, thus simplifying the PCB design and reducing the storage footprint. As an emblematic micro storage product of FORESEE, the eMCP features high performance and low power consumption and provides users with fast and stable storage, long standby times, and an improved electronic product user experience.

The FORESEE eMCP is mainly applied to mainstream platforms, including Spreadtrum, Amlogic, Qualcomm, and RK, and has established stable and long-term strategic cooperation relationships with other platforms. The FORESEE eMCP also performs well during actual application. It provides functions such as initial data acceleration, power failure protection, and firmware backup to ensure smooth system operation and data storage security, and also supports online firmware upgrades. With FORESEE’s online firmware upgrade service, customers can dramatically reduce after-sales maintenance difficulties and costs and achieve higher use efficiency.

The FORESEE eMCP provides global customers with capacity options of 16GB+4Gb, 16GB+8Gb, 16GB+16Gb, 32GB+16Gb, 32GB+24Gb, and 64GB+24Gb, which can meet the storage capacity requirements of all mainstream products.

Both the NAND-based MCP and eMCP illustrate FORESEE’s strength in technology and innovation. Such innovation and R&D-based spirit ensures that FORESEE will continue to develop and have a place in the technical storage industry.

PR Newswire

Keep an open mind and see for yourself

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BEIJING, May 8, 2021 — A news report by China.org.cn on the difference between "what people say" and "what you see":

Was there ever a time when "what you’d been told" and "what you saw" were totally at odds with each other? We often hear people say that Russians are tough people who keep bears as pets, or that Germans are rigid and have no sense of humor. When it comes to China, for many people, words like "conservative" and "lack of freedom" probably spring to mind. But is that really the case?

 

On the question-and-answer site Quora, the question "which country have you visited that turned out to be nothing like how it is depicted" created quite a lot of buzz recently. The top post is about China. The user said that having grown up in the 1980s and ’90s, when China-U.S. relations remained very tense, China was described to him at school in "villainous terms." But after moving to the country, he discovered that it was nothing like he’d been led to believe: Though China differs from the U.S., Chinese people are friendly, live normal lives and care about others. In the meantime, the nation is staunch in upholding their national sovereignty. At the end of his answer, the user encourages people not to believe the hype and to come and see things for themselves. Many in the comments section shared his opinions about China.

Under the same topic, a user from the U.K. shared how his opinions of people in the U.S. changed after spending a few months there. Similar stories about countries like Russia and Iran were also commented on.

Such answers are not unexpected. Take China for example: Vloggers from other countries have recorded the real China with their cameras, discussing how safe they feel walking alone at night, or the dramatic transformations of Chinese villages. What they saw themselves turned out to be completely different from what they’d heard.

Be it the huge gulf between "what others say" and "what you see," or the transformation of opinions after experiencing, these all speak to one point: The indirect information we get, either filtered through other people’s views or influenced by politics, are always limited. For Chinese, every day they see how diverse and inclusive the country is. They have also seen firsthand the efforts that China is making on various fronts. But it’s easy to understand why people from different cultures, used to different political systems, misunderstand China. When you don’t know a country, especially one hugely different from your own, it’s a lot easier to go along with a stereotype than it is to try and understand.

Even a coin has two sides, and in the same way, stereotypes can never capture every aspect of a vast country. The world is such a big place that it’s worth putting aside your preconceptions and experiencing it with an open mind.

You’re welcome to visit China and see for yourself.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm
Keep an open mind and see for yourself
http://www.china.org.cn/video/2021-05/07/content_77472459.htm

PR Newswire

Ericsson and Samsung sign global patent license agreement

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– Agreement includes global patent cross license of cellular technologies, including 5G

– Settlement ends all ongoing patent related legal disputes between the parties

– In the second quarter 2021, IPR licensing revenues are expected to be SEK 2.0 b. to 2.5 b.

STOCKHOLM, May 7, 2021 — Ericsson (NASDAQ: ERIC) and Samsung have reached a multi-year agreement on global patent licenses between the two companies, including patents relating to all cellular technologies. The cross-license agreement covers sales of network infrastructure and handsets from January 1, 2021. 

Furthermore, Ericsson and Samsung have agreed on technology cooperation projects to advance the mobile industry in open standardization and create valuable solutions for consumers and enterprises.

This settlement ends complaints filed by both companies before the United States International Trade Commission (USITC) as well as the ongoing lawsuits in several countries and confirms the value of the strong patent portfolios of both companies. The details of the agreement are confidential and will not be disclosed.

Ericsson’s IPR licensing revenues continue to be affected by several factors, mainly expired patent license agreements pending renewal, geopolitical impact on the handset market, technology shift from 4G to 5G, and possible currency effects going forward. In the second quarter 2021, IPR licensing revenues, including the new agreement covering sales from January 1, 2021, are expected to be SEK 2.0 b to 2.5 b.

Christina Petersson, Chief Intellectual Property Officer at Ericsson says: "We are delighted to sign a mutually beneficial agreement with Samsung. This important deal confirms the value of our patent portfolio and further illustrates Ericsson’s commitment to FRAND principles."

Over several decades, Ericsson has made significant investments in R&D and in developing global mobile standards and is committed to licensing its standard-essential patents on fair, reasonable and non-discriminatory (FRAND) terms for the benefit of consumers and enterprises everywhere. The FRAND system allows access to technology and intellectual property, developed by inventors like Ericsson, and also rewards those inventors for their major up-front investment in R&D in each mobile generation.

The value of Ericsson’s IP portfolio extends to more than 57,000 granted patents and is strengthened by annual investment in R&D of approx. SEK 40 b. With a leading global position in 5G, the company is confident of growing its IPR revenues long term, thereby further maximizing the value of the overall patent portfolio.

NOTES TO EDITORS:

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Investors

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E-mail: media.relations@ericsson.com

ABOUT ERICSSON
Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

Forward-looking statements

This release includes forward-looking statements, including statements reflecting management’s current views relating to the growth of the market, future market conditions, future events, financial condition, and expected operational and financial performance, including, in particular the following:

– Our goals, strategies, planning assumptions and operational or financial performance expectations

– Industry trends, future characteristics and development of the markets in which we operate

– Our future liquidity, capital resources, capital expenditures, cost savings and profitability

– The expected demand for our existing and new products and services as well as plans to launch new products and services including research and development expenditures

– The ability to deliver on future plans and to realize potential for future growth

– The expected operational or financial performance of strategic cooperation activities and joint ventures

– The time until acquired entities and businesses will be integrated and accretive to income

– Technology and industry trends including the regulatory and standardization environment in which we operate, competition and our customer structure.

The words "believe," "expect," "foresee," "anticipate," "assume," "intend," "likely," "projects," "may," "could," "plan," "estimate," "forecast," "will," "should," "would," "predict," "aim," "ambition," "seek," "potential," "target," "might," "continue," or, in each case, their negative or variations, and similar words or expressions are used to identify forward-looking statements. Any statement that refers to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

We caution investors that these statements are subject to risks and uncertainties many of which are difficult to predict and generally beyond our control that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.

Important factors that could affect whether and to what extent any of our forward-looking statements materialize include, but are not limited to, the factors described in the section "Risk Factors" in the latest interim report, and in "Risk Factors" in the Annual Report 2020.

These forward-looking statements also represent our estimates and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this release, to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulations.

This information 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 08:00 am CEST on May 7, 2021.

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Ericsson and Samsung sign global patent license agreement

 

PR Newswire

bolttech partners with Tiki to deliver device protection plans for customers

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bolttech’s device protection plans available for devices purchased directly on Tiki’s online marketplace

HO CHI MINH CITY, Vietnam, May 4, 2021 — International insurtech, bolttech, announced its partnership with Tiki, Vietnam’s most trusted e-commerce platform. Through the partnership, bolttech’s device protection plans are available to customers when they purchase a smartphone or tablet on Tiki.

The device protection program with Tiki offers device repair and care services covering accidental and liquid breakage. It includes device replacement for the aforementioned breakage, and includes a convenient doorstep pickup and delivery service.

Mark Simmons, Chief Executive Officer of Device Protection, bolttech said: "Vietnam’s digital revolution is driven primarily by the country’s booming e-commerce industry. We are delighted to partner with Tiki, one of Vietnam’s largest all-in-one e-commerce platforms, to cater to the evolving needs of consumers in Vietnam looking to protect their devices."

In addition to the initial device protection offering, Tiki and bolttech are working to offer other protection and insurance products to Tiki’s customer journeys in the coming months. 

More information about the device protection program can be found here: https://tiki.vn/khuyen-mai/dich-vu-bao-ve-dien-thoai.

About bolttech

bolttech is an international insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance.

Part of Pacific Century Group, bolttech operates in 14 markets across Asia, Europe and the United States.

For more information, please visit www.bolttech.io.

About Tiki

Tiki is a top all-in-one commerce platform in Vietnam, including the no. 1 trusted e-commerce marketplace, TikiNOW Smart Logistics – an integrated supply chain platform, and Tiki Trading – a retail subsidiary.  

Tiki stands for "Tim Kiem" (Searching) and "Tiet Kiem" (Saving), which is also the vision and mission for the business: becoming a destination where Customers can search for anything they want, save their time and budget.

Starting as an online bookstore in 2010, Tiki has become a top trusted multi-selection e-commerce platform for millions of Vietnamese customers.

For more information, please visit www.tiki.vn.

Related Links :

http://www.bolttech.io

PR Newswire

AAC’s WLG Hybrid Camera Lens Global debut marks a new dawn in Mobile Photography

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SHENZHEN, China, April 30, 2021 — Xiaomi’s Redmi K40 Gaming Edition is the first mobile phone in the world to incorporate a Wafer Level Glass (WLG) hybrid camera lens.  The K40 Gaming Edition was officially launched on April 27th, 2021. The hybrid camera lens solution includes 1 glass + 5 plastic lens elements provided by AAC Optics, a subsidiary of AAC Technologies.  AAC Optics made their initial investment into WLG 10 years ago and has subsequently developed patented expertise to enable high volume production of Wafer Level Glass (WLG) technology into the Smartphone, Automotive, and IOT (Internet of Things) markets.

The launch represents a milestone in mobile photography. The camera touts a larger aperture and a 15% increase in light reaching the sensor, enabling lower noise and more detail for low light and night photography. The unique lens coating and anti-reflective technologies reduce ghosting and flare in complex light environments. With increased aperture, optical designers have greater design freedom for improved performance and smaller dimensions, making phones lighter and thinner.

Due to the extremely challenging manufacturing process of glass material, all mobile phones currently use plastic lenses. Leveraging semiconductor wafer manufacturing techniques, AAC Optics has demonstrated that glasses lenses can be mass produced for global smartphone supply chains. Due to the highly transferable technology, WLG is suitable for making a variety of high-precision aspheric glass lenses. This will open limitless opportunities for glass lenses to improve the end user experience in applications beyond smartphones, including automotive, AR/VR, drones, smart home devices and wearables. 

For the press kit, click here:

About AAC Technologies:
AAC Technologies Holdings Inc. is a leading solutions provider for smart devices. Our cutting-edge technologies in materials research, simulation, algorithms, design, automation and process development in Acoustics, Optics, Electromagnetic Drives and Precision Mechanics, MEMS, Radio Frequency and Antenna, enable us to develop advanced miniaturized proprietary technology solutions. Our goal is to "Lead Innovation & Enhance User Experience". In delivering high-performance and superior quality products, the Group will continue to create value for customers with innovative user experience. https://www.aactechnologies.com/

AAC Technologies is a constituent stock of the Hang Seng Index, Hang Seng Corporate Sustainability Index, Hang Seng China (Hong Kong Listed) 100 Index and MSCI China Index with HK stock code 2018.

Contact: David Plekenpol, DavidPlekenpol@aactechnologies.com

PR Newswire

How Dahua Video Monitoring Solution Protects Endangered Species

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HANGZHOU, China, April 30, 2021 — Extinction of wildlife species has become a tragic feature of the modern world. Many species around the earth are threatened by environmental challenges from climate change, fire, and pollution. The threat comes also from illegal activities carried out by people, such as poaching and unauthorized hunting and logging. 

Dahua Video Monitoring Solution Protects Endangered Species
Dahua Video Monitoring Solution Protects Endangered Species

Dahua Video Monitoring Solution Protects Endangered Species

Species extinction is more than just a concern of conservationists. The health of our planet depends on preserving the evolutionary path of natural ecosystems; this is what makes human life sustainable. Thankfully, people around the world have begun to pay greater attention. And Dahua Technology is committed to developing and deploying systems that can help.

Dahua’s solutions have been helping to level the playing field for at-risk ecosystems and preserve nearly 50 endangered species. For example, in Qinghai province, Dahua has built several "Ecology Windows" where remote monitoring systems provide real-time monitoring in the five major preservation areas in the province, including the Three River Source, Qinghai Lake, Huangshui Basin, Damu Basin and Qilian Mountains. 

Using intelligent video analytics (such as intelligent detection, tracking and early alerts), Dahua’s technologies not only protect wildlife from immediate threats, but also offer remote monitoring for research purposes. The video metadata is stored in the Qinghai Environmental Cloud Platform, whereas continuously building its observation database to support research on species diversity and other key elements of ecosystem health. 

Experts today use Dahua products to build a better understanding of many endangered species including antelopes, wild donkeys, snow leopards, and Chinese hornbeams, bar-headed geese, black-necked cranes, and Eurasian otters. Collecting precise data about migration activities, for example, gives the scientific community the information it needs to design and deploy better conservation policies and programs.

As a world-leading video-centric smart IoT solution and service provider, Dahua Technology is committed to making the world safer and more secure. Protecting people, protecting endangered species, and protecting the environment are all central to our mission, now and in the future. 

Visit http://www.dahuasecurity.com to learn more and follow us on social media.

Facebook: Dahua Technology                       Twitter: Dahua Technology 
YouTube: Dahua Technology Channel          LinkedIn: Dahua Technology Co. LTD

Media Contact

Vivid
Overseas Media & PR Manager
86-571-28069750
Gu_jun1@dahuatech.com

PR Newswire

TECNO Appoints Internationally Renowned Actor Chris Evans as its global brand ambassador

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– Chris Evans as TECNO’s brand ambassador will debut in TECNO’s May 6th product online launch event and global product campaigns thereafter.

SHENZHEN, China, April 30, 2021 — TECNO, the global premium smartphone brand, today announced its partnership with internationally renowned actor Chris Evans as its brand ambassador. Best known for his role as Captain America in the Marvel Universe series of films, the charismatic Chris Evans embodies many of the qualities that have been synonymous with TECNO, especially TECNO’s ‘Stop at Nothing’ brand philosophy which aims to inspire people to always keep ‘young at heart’ and never stop pursuing excellence.

Talking about the partnership with TECNO, Chris Evans said, "I am happy to partner with TECNO, an innovative smartphone brand which provides consumers in emerging markets with the newest smartphone technology. Whether it’s a phone call with someone you love or an image you capture to keep as a meaningful memory, smartphone technology is at the center of it all. It is really inspiring to  work with such a great brand that stops at nothing to encourage people in those markets to explore more possibilities."


Stephen Ha, General Manager of TECNO Mobile, said, "TECNO is committed to giving the masses access to latest technology, allowing the consumers to reach beyond their current limitations and uncover a world of possibilities. Chris Evans embodies TECNO’s brand motto ‘young at heart’ and the pursuit of excellence. This partnership with him enhances TECNO’s continuous global footprint and helps to highlight the brand’s upgraded product design, which is increasingly fashionable, energetic, and constantly pioneering. I firmly believe the association will bring us an opportunity to grow within our existing customer base and enable us to go further on the brand globalization."

The partnership with Chris Evans is another milestone for TECNO after its association with Manchester City Football Club, and is part of TECNO global brand upgrading strategy, which aims to unlock the best of contemporary technologies in artistic designs, showcasing its mastery of serving the youth-generation consumers through the innovation, technological and artistic progression in the emerging markets worldwide.

Chris Evans will lead the launch of the coming TECNO CAMON 17 on May 6th, and will be featured in TECNO’s brand campaigns in emerging markets. He will also see everyone at the virtual launch video on May 6th.

PR Newswire

Dubber March 2021 Quarterly Activities and Business Update

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MELBOURNE, Australia, April 30, 2021 — Dubber Corporation Limited (ASX: DUB) (‘Dubber’ or ‘the Company’), the leading global Unified Call Recording & Voice Intelligence cloud service designed for service providers and businesses of any size, is pleased to release an update on the Company’s operating focus along with the Appendix 4C for the quarter ended 31 March 2021.

Highlights:

  • Annualised Recurring Revenue (ARR) increased 20% QoQ ($5.6m) to $34m and 158% pcp ($13.2m)
  • Revenue increased 54% ($2.32m) to $6.6m QoQ and 152% pcp ($2.61m)
  • Operating cash receipts increased 54% ($2.31m) to $6.55m QoQ and 362% pcp
  • Dubber users now exceed 380,000
  • The Company has a strong balance sheet, with in excess of $37.7m as at 31 March 2021

Growth in all key metrics – Users and ARR

During the March quarter the Company’s key metrics all experienced substantial growth.

User numbers grew at a record rate for Dubber’s SaaS monthly subscriptions. The Company expects user growth to increase significantly in the current quarter due to new initiatives including the launch of its Foundation Partner Program. Foundation Partners embed Dubber services within their offering as a standard and in-built feature – from which both Dubber and the partner then benefit from upgrading users to richer functionality and offerings.

The March quarter represents a milestone period relating to comparative user growth quarter on quarter. The Company expects to receive Foundation and consumption-based revenues moving forward with larger and varying user attachment rates to those revenues. Therefore, as previously indicated, the key growth metric relating to short term growth is the Company’s Annualised Recurring Revenue (ARR) which has grown by $5.6m, to in excess of $34m.

Dubber Key Metrics
Dubber Key Metrics

 

Dubber Key Metrics
Dubber Key Metrics

Telecommunications Networks Growth and Yield

The Company continued to expand its footprint of service provider networks along with increasing penetration and revenue yield from its current telecommunication and Unified Communication (UC) platform partners.

AT&T

During the quarter, the Dubber platform went live on three AT&T networks: AT&T IP Toll-Free, AT&T Hosted Voice Service (HVS), and Cisco Webex Calling with AT&T.  All three of these networks target large enterprise, government, education, and business clients. The HVS and Webex Calling networks are already providing positive uptake in SaaS monthly subscription users and services.

AT&T’s IP Toll-Free is a major global network carrying calls for the largest organisations in North America and is billed on a per minute consumption rate. Dubber’s recording, API, transcription and AI services will also be billed on a per minute rate at accretive unit increments, thereby introducing meaningful consumption based revenue streams to Dubber.

Currently, AT&T and IBM are engaged with existing mutual large enterprise customers to demonstrate the value of the newly available services on the platform which add substantial insights to those organisations, enabling them to gain valuable business intelligence from their voice data.

The Company expects the Dubber platform to be live on additional AT&T networks in both the short and medium term.

Unified Call Recording Momentum

The Company has previously referenced Unified Call Recording (UCR) which defines the Company’s unique value proposition of unifying call recording and voice data at scale. UCR reflects how businesses and individuals work today, particularly in Covid-19 driven ‘work from home’ settings and hybrid work environments.

The Company has recently become one of only two vendors certified for Compliant Call Recording for Microsoft Teams.

Dubber is already the embedded and only recording offering for Cisco’s Webex Calling platform with the Company expecting to substantially extend its relationship and availability with Cisco Webex in the near term.

During the quarter, the Company also announced availability of a Unified Call Recording solution for Zoom that allows for secure compliance and voice intelligence call recording for Zoom Meetings as well as Zoom’s recently launched cloud phone service, Zoom Phone.

Typical business communications usually involve the use of desk phones, mobiles, and UC services such as Cisco Webex, Zoom and Microsoft Teams. Dubber is uniquely placed to be able to capture recordings and voice data from all services and store them in a single location, the Dubber Voice Intelligence Cloud, where they can be managed centrally.

Behind these UC platform announcements is an industry trend whereby large global service providers are releasing their own network offerings in conjunction with cloud collaboration platforms like Zoom Phone, Microsoft Teams and Cisco Webex Calling. Dubber has detected a pronounced acceleration of telecommunication services moving to a cloud environment, either from traditional telecommunications carriers or by stand-alone UCaaS services in the last two quarters.  By virtue of its unique ability to be embed into the fabric of a network and operate at scale, the company is a significant beneficiary of this trend and we believe it will continue to accelerate globally in the quarters ahead.

Foundation Partner Program

The Dubber platform has been designed specifically for large scale availability across telecommunications networks, as opposed to legacy bespoke recording products for enterprises, which are largely tied to on premise equipment, capital expenditure and call centre environments.

The Company expects several of its service provider partners to deploy the Dubber platform as a standard feature across their network base as "Dubber Foundation Partners". The Company is actively engaged in discussions with major service providers to become Foundation Partners and expects the first initiative of this kind will take place in the current quarter.

This will provide the Company large scale customer reach into end user accounts for jointly upselling additional services, including extended storage, transcription, AI insights and more.

Steve McGovern, CEO, Dubber:

"We are delighted to have delivered such a strong quarter, achieving outstanding growth in all of our key metrics.  The company is very well positioned to continue to take advantage of the major shift towards cloud based and ‘work from anywhere’ communications we are seeing in all our geographies. Governments and businesses understand the need to act on the requirement to capture conversations and voice data across their entire business. Ever expanding requirements to record and store conversations for proactive compliance and dispute resolution, and, revenue, customer and personnel intelligence all continue to drive the need for voice data and intelligence at scale. We remain very positive as to Dubber’s growth and leadership."  

Related Party Expenses

In line with requirements of lodgement of the attached Appendix 4C, the Company advises that payments shown in Item 6.1 of the Appendix 4C are in relation to Executive and Non-Executive Director remuneration (including superannuation) and form part of the operating expenses for the March quarter.

This ASX release has been approved for release to ASX by Steve McGovern, CEO & Managing Director.

About Dubber:

Dubber is unlocking the potential of voice data from any call or conversation. Dubber is the world’s most scalable Unified Call Recording service and Voice Intelligence Cloud adopted as core network infrastructure by multiple global leading telecommunications carriers in North America, Europe, and Asia Pacific. Dubber allows service providers to offer call recording for compliance, business intelligence, sentiment analysis, AI and more on any phone. Dubber is a disruptive innovator in the multi-billion-dollar call recording industry, its Software as a Service offering removes the need for on-premise hardware, applications or costly and limited storage.

Investors
Simon Hinsley
simon.hinsley@dubber.net
+61 (0) 401 809 653

Media
Terry Alberstein
terry@navigatecommunication.com.au 
+61 (0) 458 484 921

UK Media: James Taylor | The PR Network
+44 (0)7796 138291
james.taylor@thepr.network  

US Media:
Charlie Guyer, Guyer Group for Dubber
+1.617.599.8830
charlie@guyergroup.com

PR Newswire

Moomoo Inc. Clinches Title Sponsorship for Yahoo Finance’s Exclusive Livestream of the 2021 Berkshire Hathaway Shareholders Meeting

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  • FUTU to leverage on its latest investment platform, moomoo, to stream Yahoo’s coverage for its growing user base of over 13 million investors on 1 May 2021 @12:30pm ET、
  • moomoo provides a platform for viewers to join the live conversation with industry experts
  • Futu Inc. is currently offering up to 4 free stocks with a USD 5,000 deposit for every account opening*

PALO ALTO, Calif., April 29, 2021 — Moomoo Inc, an all-in-one online platform in providing trading services and an indirect wholly-owned subsidiary of Futu Holdings Ltd (Nasdaq: FUTU), announced today that it has made the strategic investment to sponsor the 2021 Berkshire Hathaway Shareholders Meeting live stream event. Yahoo Finance is the exclusive live stream host for the event which will be held on Saturday, 1 May 2021 beginning at 12:30 pm ET.

Berkshire Hathaway’s Annual Shareholders Meeting, known as the "Woodstock for Capitalists", is one of the most well–attended shareholder meetings in the world.  In the new normal, the event will be broadcasted remotely. Yahoo Finance will connect moomoo’s 13 million users to the only destination for investors and professionals to hear directly from billionaire investor Warren Buffett.

Millions of people around the world are expected to tune in to hear Chairman and CEO Warren Buffett, Vice Chairman Charlie Munger, Vice Chairman of Non-Insurance Operations Greg Abel and Vice Chairman of Insurance Operations Ajit Jain share their insights on economic recovery, today’s markets, the company, and more. 

The global pandemic has fueled a surge in interest in financial information and an increased demand for the financial news, analysis and investment tools that Moomoo Inc. provides to its users. Yahoo Finance has seen a similar increase in demand on its properties. Therefore, Moomoo Inc. decided to sponsor the live stream event to further its commitment to the investment community and connect its 13 million users to the only destination for investors and business professionals to hear directly from billionaire investor Warren Buffett.

"Moomoo and its parent company, Futu, are seeing an overwhelming demand for better investing tools, more in-depth data and the need to diversify investable assets, which we offer through the moomoo app. By sponsoring the most anticipated event in the stock investing community, we want to further our mission of connecting investors with one another and with the brightest minds in the investing community." Said Leaf Li, CEO and Co-founder of Futu.

Created with the intention of fulfilling its mission in making investing "not alone", the moo community serves as a platform for users to post investment ideas and trading history as well as interact directly with over 700 companies, fund managers, media and key opinion leaders through posts and live-streaming. On a daily basis, it has more than 1 million active users, over 310,000 items of user-generated content and over 3,000 posts. FUTU will be streaming the show live on its moomoo app, which is available in the Apple App Store or Google Play Store.

Moomoo is currently offering an incentive to first–time users. New users who download the app and open a brokerage account at Futu Inc. could receive up to 4 free stocks and free level 2 data with a USD 5,000 deposit.*:

The schedule of the live coverage is below, with special guests and interviews for the pre and post shows to be announced at a later date. 

Yahoo Finance Livestream Programming Schedule:


  • 12:30pm ET Yahoo Finance pre-show
  • 1:30pm ET Shareholder Q&A with Warren Buffett, Charlie Munger, Ajit Jain, and Greg Abel
  • 5:00pm ET Berkshire Hathaway business meeting
  • 5:30pm ET Yahoo Finance post-show
  • 6:00pm ET Livestream ends

The program will be broadcasted live on Yahoo Finance.

*Terms and conditions apply. The full terms and conditions and disclaimer can be found at https://help.moomoo.com/?tid=115.

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. Pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The organization’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data–rich foundation to simplify the investment decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

About Moomoo Inc.

Headquartered in Palo Alto, California, Moomoo Inc. is an indirect wholly-owned subsidiary of Futu Holdings Ltd (NASDAQ: FUTU), with its mission to transform personal investing experience with an intuitive user interface, fully digitized trading platform in the U.S. and globally.