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PR Newswire

New FORCAM FORCE EDGE Solution Now Available for Purchase on SAP® App Center

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By integrating with SAP Digital Manufacturing Cloud, the FORCAM FORCE EDGE solution delivers full connectivity of heterogeneous machine parks to customers

RAVENSBURG, Germany, Dec. 11, 2020 — Smart-factory specialist FORCAM today announced that its new FORCAM FORCE EDGE solution is now available for purchase on SAP® App Center, the digital marketplace for SAP partner offerings. FORCAM FORCE EDGE integrates with SAP Digital Manufacturing Cloud and enables customers to connect assets and machines, particularly from the brownfield.

Dr. Andrea Rösinger, Co-CEO and CTO at FORCAM commented, "For smart real-time analytics, manufacturing companies need to use cloud infrastructures. The integration of our FORCAM FORCE EDGE solution with SAP Digital Manufacturing Cloud helps enable customers with a brownfield approach on the shop floor by connecting heterogeneous machine parks and networking with SAP solutions. Customers benefit from one single source to the truth for SAP analytics tools throughout the company."

A comprehensive brownfield connection is required to unleash the full potential of SAP Digital Manufacturing Cloud. The FORCAM FORCE EDGE solution offers smart connectivity. Signals of existing machinery, from semi-intelligent machines to machines that were never intended for digitization, can be understood, translated, and communicated to shop floor and top floor.

FORCAM FORCE EDGE digitally connects heterogeneous machine parks, such as machines of different age and from different producers. The central intelligence of data-norming provides a machine data model for real-time analysis, enabling customers to turn a machine park into an asset for the company.

"With FORCAM FORCE EDGE, clients can connect their brownfield with SAP solutions and integrate them into SAP processes, allowing customers to seize the full benefits of digital twins," commented Mani Pirouz, SVP & Global Head of Partner Innovation at SAP SE.

Features of FORCAM FORCE EDGE include:

– Connectivity for machines that were not intended to work in a digital environment, regardless of construction year 

– Connectivity for semi-intelligent machines such as machines with numerical control (NC) programs

– Support for industry communication standards, for example for example OPC/UA (Open Platform Communications Unified Architecture), MTConnect (Manufacturing Technology Connect) or MQTT (Message Queuing Telemetry Transport)

– Interface Edge API

Added value:

– Optimize brownfield for the future

– Digitize machines easily with a universal interface, regardless of age

– Compare heterogeneous machines on a uniform data layer

– Provide data basis for the identification of optimization potentials

– Smoothly integrate into lean management strategies and Plan-Do-Check-Act (PDCA) 

For more information, find FORCAM FORCE EDGE at SAP App Center, where businesses can discover approximately 1,600 innovative partner solutions that integrate with and extend SAP solutions. There, customers can find the SAP-validated partner apps they need to grow their business. And for each purchase made on SAP App Center, SAP will plant a tree. Find, try, and buy SAP partner solutions digitally at www.sapappcenter.com.

FORCAM is a partner in the SAP PartnerEdge® program. As such, it has access to tools, training, resources and benefits that partners need to deliver the solutions and services customers demand. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract.

– Picture is available at AP Images (http://www.apimages.com) –

About FORCAM

FORCAM supports companies by significantly increasing their efficiency in production and planning. FORCAM provides a platform solution for data-driven manufacturing. The solution is used by internationally active large and medium-sized companies alike – including BorgWarner, Dynomax Aerospace, Howmet Aerospace (formerly Arconic), Kostal, Krones, Lockheed Martin, Richards Industrials, Schaeffler. More than 100,000 machines worldwide are already connected with FORCAM technology. FORCAM is headquartered in Ravensburg, Germany, with offices in USA (Cincinnati), England (Rugby) and China (Shanghai). www.forcam.com  

Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries.  Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

For more information, press only:

Matthias Kasper
Corporate Communication
FORCAM GmbH
An der Bleicherei 15
D – 88214 Ravensburg
Tel: +49 (0) 75 1 / 3 66 69 28
M.   +49 (0) 160 / 9014 35 19
matthias.kasper@forcam.com 

PR Newswire

BookDoc won the Pfizer and Alibaba jointly organized competition – Healthcare Fintech Alliance (HFA) Innovation Challenge, Asia

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KUALA LUMPUR, Malaysia, Dec. 11, 2020 — BookDoc, a home-grown Malaysian health-tech company (with presence in 5 countries and 20 cities, MY, SG, HK, TH, IND), has again been recognised as the top health-tech company across Asia, battling over 100 other participants across Asia. The company has bagged top spot in the Innovation Challenge hosted by Healthcare Fintech Alliance (HFA), an alliance comprised of industry giants among them, Alibaba and Pfizer as well as Fintech Academy Singapore.

(from top: Dr. Lilian Koh, CEO of Singapores Fintech Academy; Founder and CEO of BookDoc, Dato’ Chevy Beh)
(from top: Dr. Lilian Koh, CEO of Singapores Fintech Academy; Founder and CEO of BookDoc, Dato’ Chevy Beh)

The HFA was formed to jump-start transformation across Asia Pacific’s health-tech and fin-tech sectors. Under this alliance, each partner will provide their expertise and support to start-ups in these two sectors, with the goal of driving innovative solutions for challenges faced in the healthcare industry.

As the winner of the HFA Innovation Challenge, BookDoc will bring home the prize money of USD50,000 from Pfizer, USD10,000 from Alibaba Cloud, along with the regional support, mentorship and backing of Alibaba, Pfizer and Fintech Academy Singapore.

The Award ceremony was held in-conjunction with ASEAN Responsible & Inclusive Business Forum (RIBF) 2020 on 10th December, The RIBF is a prestigious event attended by numerous industry and government leaders, including Ambassador Ong Keng Yong, Singapore’s Ministry of National Development, Ministry of Foreign Affairs; Ms. Sim Ann, Senior Minister of State for the Ministry of Communications and Information, Ministry of National Development; Mr. Edwin Tong, Minister for Culture, Community and Youth; CIMB ASEAN Research Institute; Google; Microsoft; Huawei; Nestle; and AWS. The grand prize was presented by Mr Sridhar, Managing Director of Pfizer India to BookDoc’s Founder and CEO, Dato Chevy Beh.

"We are honoured to go through this rigorous process and to be selected as the most innovative company across Asia by industry experts among them tech-giant, Alibaba and leading pharmaceutical company, Pfizer which is the first company to be 94% FDA approved for COVID-19 vaccination to combat this pandemic."

ABOUT BOOKDOC

BookDoc, with a presence in 5 countries and 20 cities (Malaysia, Singapore, Indonesia, Hong Kong and Thailand), is an online platform that operates across the healthcare continuum connecting patients to healthcare professionals anytime and anywhere, while incentivising people to stay active.

It has established an integrated online ecosystem which comprises seven (7) comprehensive platforms i.e.

  1. Search & Book : Allows users to search and book healthcare professionals anytime and anywhere, and integrates seamlessly with navigation (Google Map, Waze), transport (Grab, Uber, Malindo Air), accommodation (Agoda, Airbnb) and recommended restaurants & attractions (TripAdvisor) for a hassle-free and enjoyable overall healthcare appointment experience;
  2. Activ : The higher the step count, the greater the rewards! By exercising, users can earn rewards and discounts from over 100 major retail partners in 12 countries (redeemable across over 4,400 offline and online locations);
  3. Marketplace : A premium e-Commerce platform with a variety of health services available which users can enjoy at discounted rates and redeem at hospitals, clinics and other health/wellness facilities with over 5,000 SKUs (ranging from health-screening, dental, gym membership, RT-PCR COVID-19 Test, etc.);
  4. Tele-Consult : Professional consultation from the comfort of your own home, Tele-Consult brings healthcare to users’ fingertips with specialists covering children, skin, mental, women’s and sexual health through a live chat session with healthcare practitioners;
  5. Events & News : The latest medical & health information made available along with events (health conferences, marathons, blood donation drive etc.);
  6. Health Coaching : Users can reach out to our team of in-house nutritionists and dietitians on dietary advice to achieve their desired goals;
  7. COVID-19 Feature : Lab Uberisation of RT-PCR COVID-19 Test at the comfort of people’s homes; Webinar sessions on COVID-19 related matters; Tele-Consultation for Mental Health.

Link of our 7 features: https://www.youtube.com/watch?v=aItH4kcLPdI

The company is backed by a diverse group of investors from entrepreneurs to seasoned healthcare and insurance professionals, bankers, regulators as well as ICT professionals. It is available online at www.bookdoc.com, App Store, and Google Play Store.

BookDoc is a multi-award-winning company that has won awards from CNBC as one of the World’s Top 100 Startup Companies; ASEAN Summit (Business Awards 2019-2020) as the most innovative startup in the region and also by Frost & Sullivan (2015-2019) as one of the most innovative healthcare technology startups in the region.

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PR Newswire

L-com Releases New Fiber Optic Pigtails to Address a Wide Range of Telecom Applications

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IRVINE, Calif., Dec. 11, 2020 — L-com, a preferred manufacturer of wired and wireless connectivity products, announced today that it has launched a new line of distribution-style fiber pigtails that are ideal for telecom, datacom, wireless service provider, security and enterprise networking applications.

 

L-com’s new fiber pigtails are offered with 6 and 12 fiber counts and are available with fiber adapter plates that are compatible with LGX-style racks, panels, enclosures as well as pigtailed cable assemblies.

These cables are available in single-mode and multimode fiber types, feature SC and LC connectors with different polish options, and utilize industry standard color-coded pigtail jackets.

"Our new fiber pigtails are perfect for use in many different high fiber count telecom installations and provide ease of use for technicians deploying multiple fiber connections. Furthermore, these new fiber pigtails are all in-stock and available for same-day shipping to meet our customers’ urgent needs," said Paul Hospodar, Product Line Manager.

For more information on L-com’s new distribution style fiber pigtails click here.

About L-com:

L-com, a leading manufacturer of wired and wireless connectivity products, offers a wide range of solutions and unrivaled customer service for the electronics and data communications industries. The company’s product portfolio includes cable assemblies, connectors, adapters, antennas, enclosures, surge protectors and more. L-com is headquartered in North Andover, Mass., is ISO 9001: 2015 certified and many of its products are UL® recognized. L-com is an Infinite Electronics brand.

About Infinite Electronics:

Based in Irvine, Calif., Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite’s brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMeCables, INC Installs and Integra Optics. Infinite Electronics serves a global engineering customer base with deep technical expertise and support, with one of the broadest inventories of products available for immediate shipment.

Press Contact:

Peter McNeil
L-com
17792 Fitch
Irvine, Calif. 92614
978-682-6936

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PR Newswire

OPPO Joins the HEVC Advance Patent Pool

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BOSTON and SHENZHEN, China, Dec. 11, 2020 — Access Advance, an independent licensing administrator, today announced that OPPO, a leading smart device company, has become a licensee of the HEVC Advance Patent Pool. OPPO will gain access to the over 13,000 (and counting) worldwide patents essential for implementing the HEVC/H.265 video codec standard. 

"OPPO’s joining our HEVC Advance program is an important endorsement, and we are excited to welcome them," said Access Advance CEO, Peter Moller. "As a leading smart device company with some of the best-selling products and brands in the world, OPPO’s investment in research, innovation and intellectual property has made it a leading contributor in the development of many next-generation standards in the telecommunication and media industry, including VVC, the next generation video codec. We look forward to OPPO’s participation in our HEVC program and having their support in our VVC program as well."

"HEVC Advance is a collaborative patent platform that balances the interest of both licensees and licensors, and takes FRAND principles seriously," said Adler Feng, Senior Director of Intellectual Property at OPPO. "OPPO is very pleased to join the HEVC Advance Patent Pool, and looks forward to promoting the healthy development of the industry with our worldwide partners."

About OPPO:

OPPO is a leading global smart device brand. Since the launch of its first mobile phone – "Smiley Face" – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO provides its users with the ColorOS operating system and internet services like OPPO Cloud and OPPO+. OPPO operates in more than 40 countries and regions, with 6 Research Institutes and 4 R&D Centers worldwide, as well as an International Design Center in London. More than 40,000 of OPPO’s employees are dedicated to creating a better life for customers around the world.

About Access Advance:

Access Advance LLC (formerly HEVC Advance LLC) is an independent licensing administrator company formed to lead the development, administration, and management of patent pools for licensing essential patents of the most important standards-based video codec technologies. Access Advance provides a transparent and efficient licensing mechanism for both patent owners and patent implementers. Access Advance currently manages and administers the HEVC Advance Patent Pool for licensing patents essential to H.265/HEVC technology and is currently in the development phase for its VVC Advance Patent Pool for licensing essential patents to VVC/H.266 technology.  For more information about Access Advance or the HEVC Advance Patent Pool, please visit www.accessadvance.com. For more information about the VVC Advance Patent Pool currently in development, please contact Paul Bawel, SVP, Business Development, at Paul.Bawel@accessadvance.com.

Contact: press@accessadvance.com

PR Newswire

LiveMolo to Launch a Streaming Service App ‘Molo’ Equipped with a Commerce Function This December

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– Live streaming service startup ‘LiveMolo’ to launch a streaming service app ‘Molo,’ which is equipped with a live commerce’ function, on Google Play Store this December

SEONGNAM, South Korea, Dec. 11, 2020 — LiveMolo (CEO Ho-sik Yang), a tenant company in the ICT-Cultural Convergence Center run by the Ministry of Science and ICT and the National IT Industry Promotion Agency (NIPA), announced that it plans to launch streaming service app ‘Molo’ built-in with a commerce function on Google Play Store at the end of this December.

Established in 2018 to become a streaming service for one-person media, LiveMolo provides services to common people who dream of running a small business, small business owners, and unknown creators and influencers. It was certified as a venture business in 2019, and it was also recognized as a company-affiliated research institute by the Korea Industrial Technology Association this September.

The streaming service app ‘Molo’ to be released this time is equipped with a live commerce function that allows viewers to purchase products directly beyond live streaming. It has improved accessibility for small businesses and the general public without special skills and capital to use it easily.

Molo is capable of low-latency live broadcasting and real-time chat, and the VoD automatically generated after the broadcast ends can be shared on social media linked with Molo app. In addition, it is composed of a relatively simple UI/UX to enhance the convenience of use for hosts and viewers.

Molo has also differentiated itself in term of operation. Since most live commerce services charge a high fee, hurdles are high for common people and small business owners who start live commerce for the first time. However, Molo has relatively less burden because it is operated with minimal fees.

CEO Ho-shik Yang said, "Molo will build an ecosystem where small business owners, creators, and the general public can directly communicate with viewers, promote and earn profits. We also plan to implement a web-based platform so people can use Molo not only on the app but also on the web."

PR Newswire

Adyen and Microsoft Launch Network Token Optimization

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By collaborating with Adyen on Network Token Optimization, Microsoft saw positive growth in authorization rates

AMSTERDAM, Dec. 11, 2020 —  Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, expands its collaboration with Microsoft to accelerate payments innovation for both companies with the launch of Adyen Network Token Optimization. Adyen is one of the first payment platforms to enable tokenized payments across multiple schemes and to offer automated optimization of the use of tokens to increase authorization rates. By adopting Network Token Optimization, merchants like Microsoft are able to realize significantly more revenue due to increased authorization rates.  

"Customer experience is at the center of everything we do, and when it comes to the payments process it’s about making it faster, simple and secure," said Matt Rossmeissl, Vice President of Commerce Engineering Operations at Microsoft. "Product innovation is at the core of what we do at Microsoft and Adyen’s Network Token Optimization is a factor in driving better authorization rates and customer satisfaction."

Adyen and Microsoft have been working together since July 2015, starting with European acquiring. Today, Adyen processes payments for Microsoft globally, across all Microsoft products and services. Microsoft utilizes multiple Adyen products in addition to Network Token Optimization, including Real-time Account Updater to ensure a seamless consumer shopping experience by always charging the most up to date card. Adyen also supports various local payment methods in a number of countries for Microsoft, including U.S.-based debit networks, a more recent Adyen development.

"We always build products with a focus on our merchants and their end customers, and Microsoft pushes us to help create better global solutions. We have benefited from Microsoft’s consistent desire to provide better experiences for their customers," said Kamran Zaki, COO at Adyen. "At the forefront of innovation, the Microsoft team is always willing to act as an early adopter for many of our new products and features. We work together every day to create positive shopping experiences for Microsoft customers, and are excited to see what we will create next."

About Adyen

Adyen (AMS: ADYEN) is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L’Oreal. The cooperation with Microsoft as described in this merchant update underlines Adyen’s continuous growth with current and new merchants over the years.

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PR Newswire

BPC expands offering with SmartVista digital banking app solution

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White label solution empowers banks and fintechs to roll out app-based digital and mobile banking services fast

Solution boasts chatbot text-to-speech feature to boost customer engagement in the digital era

LONDON, Dec. 11, 2020 — BPC, the leading provider of digital payment solutions, has unveiled its new mobile and digital banking app solution, designed to provide banks and fintechs with a comprehensive set of features that go beyond traditional banking. The app solution offers ease of use and fast implementation for banks that wish to accelerate their digital transformation and fintechs that need to go to market fast.  

Developed in house, the new app ultimately fulfils BPC’s promise to ‘bridge real life to digital’ in a contactless manner for its customers. In response to the digital banking boom during the pandemic, the app is built to serve all segments from retail customers and merchants, to agents in both mature and emerging markets, allowing them to quickly access the digital economy. The app comes with white label UX templates for institutions to style and brand the user interface as well as configurable process flows, making for a true end-to-end digital experience.

BPC’s SmartVista app is built to give financial institutions the tools to boost customer engagement, drive customer loyalty and generate new revenue streams from cross and up selling.  

Key features of the new SmartVista mobile banking app include:

  1. Chatbot with Speech-to-Text Features: enabling customers to securely transact voicing queries or give instructions to the app, creating conversational, frictionless interactions that boost engagement.
  2. Personal Financial Management: taken to the next level with management on a daily, weekly or monthly basis, using personalised alerts and limits, built to offer personalised control of financial health for customers.
  3. QR Code Payments: available to customers and merchants, offering static and dynamic QR support and the ability to handle multiple QR codes, a feature in rising demand since the start of the COVID-19 pandemic.
  4. A unified merchant and agent banking app: which creates a dual experience, from accepting payments for retail purchases to offering agent banking services on behalf of a financial institution.
  5. Trading and Investment: delivered through open APIs, to integrate with any third-party investment app or local exchange house to gather trade information within one single banking app. Customers can grow their earning capabilities, while providing new revenue generation activity for financial institutions.
  6. Goals and Loyalty: help customers make the most out of their money. Customer goals such as saving for a dream car, house, education or holiday destination are smartly blended with loyalty features, making it possible for financial institutions to expand their business models and expose partners at the right time and location, while staying relevant to the customer and their needs.

Oleg Patsiansky – Head of Digital Banking at BPC commented: "A free card and a bank account are not sufficient to attract new customers. Relevance is the new ‘killer app’ and we are proud of our new mobile banking app, which has been inspired by our eclectic experience in serving tier one banks to fintechs in over ninety countries. The app blends all of our expertise in banking, mobility and commerce into a contextual experience wrapped around each individual customer and his or her private/business needs. Today’s modern technology makes it possible to create contextual and thus relevant experiences for BPC clients and their end users around the world."

Find out more about BPC’s SmartVista digital banking app solution here.

 

PR Newswire

[ Ending poverty in China: Data speak ] China’s achievements in poverty alleviation

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BEIJING, Dec. 11, 2020 — A video by China.org.cn on how China succeeded in eradicating poverty, what methods China used to reduce poverty, and what achievements China gained so far.

 

China has seen one people shaking off poverty every 2.24 seconds since 2012, faster than global average and 10 million more than the population of Germany.

The annual input of poverty alleviation funding from the central government increased by 100 billion yuan (US$14.3 billion).

From 2013 to 2019, the disposable income of the rural poor increased by 19.7%, and 2.2 percentage points higher than the national average over the same period.

Over 57 million rural people moved into safe houses; Ten million poor people relocated to new communities; About 6,000 people moved out of the mountains every day; The rural per capita housing area expanded fivefold.

All villages in impoverished areas could be accessed by paved roads; All villages within the coverage area of large power grids had access to electricity; Almost all villages had broadband coverage.

Almost all are covered by universal health insurance.

Over 95% of impoverished counties help maintain the school retention rate.

All rural residents living below the current poverty line will be lifted out of poverty by 2020. China will achieve the Sustainable Development Goal on eradicating extreme poverty 10 years ahead of schedule.

[ Ending poverty in China: Data speak ] China’ s achievements in poverty alleviation

http://p.china.org.cn/2020-12/10/content_76997814.htm

 

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PR Newswire

5G and Wi-Fi 6 to Disrupt Communication Protocols of Building Automation Systems

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Emerging wireless technologies and ‘Everything over IP’ approach will have a major impact on the market, finds Frost & Sullivan

SANTA CLARA, Calif., Dec. 10, 2020 — Frost & Sullivan’s recent analysis, Advancements in Communication Protocols Transforming Building Automation Systems (BAS), finds that open communication protocols help BAS provide better interoperability and connectivity among connected devices than proprietary protocols. Features such as scalability, networking flexibility, and interoperability offer smoother integration of third-party devices to the BAS network. With multiple proprietary communication protocols, the lack of a common communication standard among devices and systems is one of the major challenges hampering the market growth. Non-traditional building automation communication protocols are emerging due to the increase in IoT devices. Therefore, leading players are now working toward developing IP-based communication standards that can work alongside the existing communication standards.


For further information on this analysis, please visit: http://frost.ly/4tn. 

"5G and Wi-Fi 6 will have a major impact on the connectivity of building technologies and are likely to accelerate the growth of IoT. 5G can provide greater accessibility when managing buildings more remotely, and Wi-Fi 6 can provide faster data transfer speed between devices and enhance device performance at low energy utilization standards," said Harikrishnan Manoharan, Senior Research Analyst, TechVision at Frost & Sullivan. "On the other hand, the emergence of IoT in BAS has somewhat blurred the lines of traditional networking standards. Protocols such as LoRaWan, MQTT, OPC-UA, and IQRF remove the need for all the IoT devices to be physically connected to the same network in the BAS and allow limitless connectivity and expansion scope."

Harikrishnan added, "One of the key communication trends in the industry is the ‘Everything over IP’ approach, which provides high levels of standardization, reliability, and availability in building automation communication standards. Leading industry players are, therefore, working toward developing IP-based communication standards that can work alongside the existing communication standards. Initiatives such as Project Connected Home over IP, IP-Blis, and the recent strategic partnership between Cisco and Schneider Electric are a few examples."

Ongoing smart building or green building development initiatives and facility managers focusing on improving the tenant experience are factors driving the adoption of emerging technologies. The following growth opportunities should also be considered:

  • Building automation service providers need to consider IP-based communication standards as they help access multiple channels for communication.
  • BAS suppliers and connected device manufacturers need to increasingly focus on enabling IP as the standardized communication protocol to improve interoperability between devices without complex and expensive gateways.
  • New product innovation and integration should be leveraged to their full potential to introduce efficient products in the market and stay competitive.
  • Considering the possibilities in emerging technologies, building automation suppliers must partner with reputed and reliable system integrators and acquire innovative startups to bring best-in-class solutions to the BAS market.

Advancements in Communication Protocols Transforming Building Automation Systems is the latest addition to Frost & Sullivan’s TechVision research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Advancements in Communication Protocols Transforming Building Automation Systems
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Media Contact:
Priya George,
Corporate Communications
M: +91 98403 55432; P: +91 44 6681 4414
E: priyag@frost.com 

 

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SpaceChain Receives Grant from EUREKA GlobalStars-Singapore Call to Jointly Develop Decentralised Satellite Infrastructure with Consortium Partners

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Milestone brings together SpaceChain, Addvalue Innovation and Alba Orbital on a mission to democratise access to space innovations

HARWELL, England, Dec. 10, 2020 — EUREKA, in partnership with Enterprise Singapore and Innovate UK, has awarded GBP440,000 in funding together with access to research and development facilities and resources to SpaceChain UK Limited (SpaceChain) and consortium partners Addvalue Innovation Pte Ltd ("Addvalue ") and Alba Orbital. Awarded under the EUREKA Globalstars-Singapore Call, the companies will jointly develop a decentralised satellite infrastructure (DSI) that powers a blockchain payload at its core to enable direct tasking of a satellite in real-time.

The DSI innovation will be formed by a mesh-network of heterogeneous spacecrafts that is owned by multiple parties across jurisdictions operated in Low Earth Orbit (LEO). The DSI is set to democratise access to the nascent space sector with lower barriers to entry by individual companies. The innovation also bridges the communication gap between technology and data.

Once the DSI architecture and the blockchain payload is developed, stringent testing will be carried out on the blockchain-based satellite tasking to ensure secure, reliable connectivity and performance between the DSI infrastructure and ground-based users in real-time. The DSI infrastructure will advance the development of commercial use cases linking space resource providers, satellite application and fintech companies with an ultra-secure and low-latency network.

"We are honoured to receive support from EUREKA, Enterprise Singapore and Innovate UK as we forge ahead on our mission to develop a New Space Economy and minimise the entry barriers to space with the DSI," said Nick Trudgen, chief commercial officer and UK director at SpaceChain. "Space exploration projects are tremendous in scale and require close collaboration and partnership, and this milestone unlocks new opportunities for building commercial solutions that leverage space and blockchain applications."

The innovation will be made possible collectively with the blockchain payload and software package developed by SpaceChain, the Unicorn-2 PocketQube platform built by Alba Orbital, and on-demand real-time communication provided by Addvalue through their Inter-Satellite Data Relay System (IDRS) that leverages LEO-Geosynchronous Earth Orbit (GEO) links.

"With the global blockchain market size projected to grow at a CAGR of 67.3% per annum from USD3.0 billion in 2020 to USD39.7 billion by 2025*, it is undeniable that blockchain technologies will play a very significant role in space applications, especially in the name of cyber-security in protecting the different assets in the space information network. The Addvalue IDRS solution is a key enabler in ensuring the availability of low latency and reliable connectivity for the effective blockchain applications in a decentralized and distributed satellite infrastructure. The funding from EUREKA epitomizes our collective innovation in redefining the future of space applications. Addvalue, through the offering of its proven inter-satellite communication expertise and developmental capabilities for such embedded systems, is excited to be part of the consortium which put us in a pole position to target the fast growing blockchain market in a satellite environment," said Francis Low, Head of Advanced Development at Addvalue Innovation.

"We are very excited to collaborate with SpaceChain and Addvalue as we integrate our expertise for ground-to-satellite communications to create this pioneering DSI Innovation," said Tom Walkinshaw, founder and CEO of Alba Orbital. "Built upon our shared vision in advancing the frontiers of space technologies for businesses, the partnership will catalyse the use of space systems and services in the commercial market with unparalleled performance and security."

The EUREKA project is expected to commence in early 2021.

*source from MarketsandMarket

About SpaceChain

SpaceChain fosters decentralized infrastructure for the New Space Economy. By combining space and blockchain technologies, SpaceChain is making the development of space applications easier and making space more accessible. SpaceChain UK Limited is a subsidiary of SpaceChain Limited. For more information, visit spacechain.com

About Addvalue Innovation

Addvalue Innovation Pte Ltd, a wholly-owned subsidiary of SGX Mainboard-listed Addvalue Technologies Ltd (A31), is a leading satellite-based communication solutions company. Addvalue provides state-of-the-art communication terminals for use in space, in the air, at sea and on the ground. The company also offers extensive engineering and integration services to its customers, including the design and development of reconfigurable embedded system suitable for software defined radio and edge computing applications. Whatever the market or application, the company’s wide range of satellite-based products and services is sure to offer the right technology to drive enhanced connectivity. Learn more at www.addvaluetech.com

About Alba Orbital

Alba Orbital is the world’s leading PocketQube satellite manufacturer and launch broker. The company was founded in 2012 in Glasgow, Scotland and recently opened its second office in Berlin, Germany. To date, Alba launch has successfully deployed 6 PocketQube satellites into orbit including the Unicorn-2 platform. Unicorn-2 is the world’s most capable Picosat by specification. Albaconnect, a ground station service developed by Alba, completes the full end-to-end service to newspace users and operators. Alba has 20+ customers on 3 continents. For more information visit albaorbital.com

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