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PR Newswire

GAC’s First Zero-Emissions Engine | GO AND CHANGE New Energies

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GUANGZHOU, China, Sept. 30, 2021 — In recent weeks, the first hydrogen engine independently developed by GAC was successfully ignited, marking the entry of GAC Group technology into the zero-carbon emission era.


This exciting technology leap also demonstrates the strength of GAC MOTOR’s commitment to new energy and a new era for the automobile industry.

Cutting Edge In-House Technology

The zero-carbon emissions engine was independently developed based on GAC’s fourth-generation engine technology. GAC Group holds completely independent intellectual property rights to the technology.

Using core hydrogen engine technology as a foundation, GAC R&D Centers optimized the technology with a number of innovations.

These include the newly developed combustion chamber, which improves the mixing process of hydrogen and air, and improvements to the hydrogen supply system, which improves power density and reduces the risk of hydrogen leakage.

The new engine also boasts improved heat dissipation capacity, further minimizing combustion risks. By strengthening engine pistons, piston rings and connecting rods, heat dissipation has been improved in both the cylinder head and cylinder block, a seemingly small change that creates a big improvement in reliability and operation. The target thermal efficiency of this engine is expected to exceed 44%, a leading domestic standard.

Looking to a Greener Hydrogen Future

The stable operation and superior performance output of the GAC hydrogen engine is just one example of the many ways GAC MOTOR is moving towards the manufacturing of the future.

The GAC R&D Centers will continue to carry out thermodynamic calibration and mechanical development of the hydrogen engine, with the eventual aim of loading the entire whole vehicle.

GAC will also work collaboratively to promote industrial chains for hydrogen production, storage and hydrogenation processes. This means promoting the full use of renewable energy sources such as wind and hydropower, and improving the safety and quality of hydrogen storage.

Craftsmanship in the Detail

Technology innovation and Chinese craftsmanship are two of the core brand values that identify GAC MOTOR as a company.

Continually working away at engine technology, chipping away to improve every aspect of both engine technology and driver experience – this is what makes GAC MOTOR a cutting-edge automobile manufacturer.

With this exciting new leap in engine technology, we’re excited to see how much more GAC MOTOR can do to improve the mobile lives of customers around the world.

Let’s GO AND CHANGE.

PR Newswire

Weidai Announces Receipt of NYSE Non-compliance Letter Regarding ADS Trading Price on August 31, 2021

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HANGZHOU, China, Sept. 25, 2021 — Weidai Ltd. (the "Company" or "Weidai") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it has received a letter from the New York Stock Exchange (the "NYSE") dated August 31, 2021, notifying Weidai that it is below compliance standards due to the trading price of its American Depositary Shares (the "ADSs").

Pursuant to NYSE rule 802.01C, a company will be considered to be below compliance standards if the average closing price of a security as reported on the consolidated tape is less than US$1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its share price and average share price back above US$1.00 by six months following receipt of the notification. The company can regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the cure period the company has a closing share price of at least US$1.00 and an average closing share price of at least US$1.00 over the 30 trading-day period ending on the last trading day of that month. In the event that at the expiration of the six-month cure period, both a US$1.00 closing share price on the last trading day of the cure period and a US$1.00 average closing share price over the 30 trading-day period ending on the last trading day of the cure period are not attained, the NYSE will commence suspension and delisting procedures.

To address this issue, the Company intends to monitor the market conditions of its listed securities and is still considering its options.

About Weidai Ltd.

Weidai Ltd. is a pioneer and leading auto-backed financing solution provider in China supported by sophisticated and effective risk management system and technology. The Company transforms used automobiles, a type of "non-standard" collateral, into investable assets, to provide accessible credit for China’s small and micro enterprises, and connects the borrowers with institutional funding partners through its platform.

For more information, please visit http://weidai.investorroom.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in 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," "target," "confident" and similar statements. Weidai may also make written or oral forward-looking statements in its periodic reports to the SEC, 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. Statements that are not historical facts, including statements about Weidai’s beliefs and expectations, are forward-looking statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited the following: Weidai’s goal and strategies; Weidai’s expansion plans; Weidai’s future business development, financial condition and results of operations; Weidai’s expectations regarding demand for, and market acceptance of, its solutions and services; Weidai’s expectations regarding keeping and strengthening its relationships with borrowers, investors and financial institutions and other platform participants; general economic and business conditions; Weidai’s assumptions underlying or related to any of the foregoing regulations and governmental policies relating to the online consumer finance industry in China; its ability to comply with existing or future laws and regulations related to data protection or data security; and Weidai’s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE’s continued listing criteria; litigation and negative publicity surroundings China -based companies listed in the U.S.; and the duration of the COVID-19 outbreak, including the emergence of COVID variants, and its potential impact on the Company’s business and financial performance. 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 as of the date of this press release, and Weidai does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
Christensen
Mr. Rene Vanguestaine
Tel: +86-10-5900-1548
E-mail: rvanguestaine@christensenir.com  

In US:
Christensen
Ms. Linda Bergkamp
Tel: +1-480-614-3004
E-mail: lbergkamp@christensenir.com

Related Links :

http://www.weidai.com.cn

PR Newswire

Strategic Investment in proteanTecs from Industry Leaders MediaTek and Advantest Joined by Porsche Automobil Holding SE to Advance Electronics Health Monitoring

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Validates need for multi-segment visibility from production to system operation

HAIFA, Israel, Sept. 24, 2021 — proteanTecs, a global leader in deep data solutions for advanced electronics, announced today a $50 million extension to their Growth Equity Round, demonstrating accelerated market adoption of system health and performance monitoring across multiple verticals. The round extension was led by Koch Disruptive Technologies (KDT) and joined by strategic investors MediaTek and Advantest, together with Porsche SE, the major shareholder of Volkswagen Group, and Allied Group subsidiary Champion Motors, as well as current investors. This brings the company’s total funding to $150 million.

 

Based on deep data derived from Universal Chip Telemetry™ (UCT), proteanTecs provides cloud and edge enterprise SW solutions for electronics’ health and performance monitoring. Addressing end-to-end needs of mission-critical markets, the company serves some of the largest and most technologically innovative companies in Datacenter, Automotive and Communications.

proteanTecs onboards leading investors from multiple verticals
proteanTecs onboards leading investors from multiple verticals

The strategic investment reinforces the growing need for full lifecycle visibility, spanning all segments of the electronics industry. Eli Groner, managing director at KDT, commented: "Since KDT’s first investment in proteanTecs we’ve seen their continued success in scaling and developing their technology, and this new investment is a testament to our confidence in the company. The addition of leading strategic partners across multiple verticals will enable proteanTecs to continue to stay ahead of the curve in the exciting new world of real time electronics monitoring."

One of the main forces driving the paradigm shift to an integrative approach is the automotive industry, which is entering the next phase of its electrification, driven by rising customer demands for safety and connectivity.

Lutz Meschke, member of the board of management responsible for investment management at Porsche SE, said: "Due to the fast-paced technological advancements and the ever-growing requirements for new chip generations, we see an enormous market potential for proteanTecs’ technology leveraging predictive reliability, performance and power management. We see clear benefits and the necessity for the use of this technology across a wide range of industries including the automotive industry." 

Spurred by the progress of the digital revolution, and driven by complexities in design and manufacturing, advanced analytics are also transforming the way production testing is performed. Advantest, a leading manufacturer of automatic test equipment, is strategically reinforcing its core business by integrating traditional silos across the product lifecycle through cloud-based data.

"We are excited to add proteanTecs to our investment portfolio, and to welcome their collaboration in the Advantest Cloud Solutions’ open solution ecosystem", said Doug Lefever, president and CEO of Advantest America.  "The way we are addressing test today has changed. We are strategically transitioning to an integrated methodology, leveraging cloud and edge analytics based on multiple data sources. We look forward to working with proteanTecs on the next phase of semiconductor test, finding innovative and scalable ways to shape the future of test platforms."

Versatile deployment of advanced electronics is another key dynamic driving collaboration. MediaTek, a global semiconductor leader, enjoyed first mover advantage in AI and 5G, providing chipsets for smart home, connectivity, IoT and wearable, ASIC and smart mobile devices.

"The investment in proteanTecs aligns with our commitment to bring cross-platform technologies that help connect users to the world around them", said Brian Hsu, Managing Partner of MediaTek Capital. "Robust, high-efficiency and low-power-consumption ICs are key to driving a scalable digital future. We believe synergies from strong technology portfolios and proteanTecs’ predictive performance capabilities will grow product value and enable unique competitive advantages."

The addition of strategic investors comes on the heels of a momentous year for proteanTecs. In 2020-2021, the company onboarded key customers, including cloud hyperscalers, leading system OEMs, disruptive fabless startups, and ASIC houses, enabling the formation of a value-add solution portfolio. The extended financing will be used to fuel global expansion, accelerate product development, and pursue strategic collaborations.

"The investment will strengthen proteanTecs’ technological and market leadership", said Shai Cohen, CEO and co-founder of proteanTecs. "It solidifies our strategy of bringing together market leaders’ diverse view points to solve a cross-stake challenge, while validating the need for advanced monitoring solutions from design to field. We’re grateful for the existing and new investors’ support and shared vision to bring a common data language to the industry."

About Porsche SE

Porsche Automobil Holding SE ("Porsche SE") is a listed investment company and a major shareholder of Volkswagen AG, in which Porsche SE holds 53.3 percent of ordinary shares and 31.4 percent of capital. In addition to the core holding in Volkswagen AG, Porsche SE is a global investor in the mobility and industrial technology sectors. Porsche SE focuses on high-quality growth companies that thrive on strong macro trends and are led by excellent management teams.

About Advantest Corporation

Advantest (TSE: 6857) is the leading manufacturer of automatic test and measurement equipment used in the design and production of semiconductors for applications including 5G communications, the Internet of Things (IoT), autonomous vehicles, artificial intelligence (AI), machine learning, smart medical devices and more.  Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world.  The company also conducts R&D to address emerging testing challenges and applications, produces multi-vision metrology scanning electron microscopes essential to photomask manufacturing, and offers groundbreaking 3D imaging and analysis tools.  Founded in Tokyo in 1954, Advantest is a global company with facilities around the world and an international commitment to sustainable practices and social responsibility.  More information is available at www.advantest.com.

About MediaTek Inc.

MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables nearly 2 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile device, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, Voice Assistant Devices (VAD) and wearables. MediaTek empowers and inspires people to expand their horizons and achieve their goals through smart technology, more easily and efficiently than ever before. We work with the brands you love to make great technology accessible to everyone, and it drives everything we do. Visit www.mediatek.com for more information.

About KDT

Koch Disruptive Technologies (KDT) is a unique investment firm, focused on empowering founders to create a could-be world. KDT provides a flexible, multi-stage investment approach which includes both traditional venture and growth stages. We work with principled entrepreneurs who are building transformative companies, disrupting the status quo, and creating new platforms. KDT is a subsidiary of Koch Industries, one of the largest privately held companies in the world with $110 billion in revenue and operating in more than 70 countries. KDT helps its partners unlock their full potential by bringing Koch’s capabilities and network to them, structuring unique capital solutions, and embracing a long-term, mutual benefit mindset.

About proteanTecs

proteanTecs develops revolutionary Universal Chip Telemetry™ (UCT) for electronic systems throughout their entire lifecycle, increasing their performance and reliability. By applying machine learning to novel data created by on-chip UCT Agents™, proteanTecs provides meaningful insights and visibility unattainable until today, leading to new levels of quality, reliability and scale. Founded in 2017, the company is headquartered in Israel with offices in New Jersey, California and Taiwan. For more information, visit: www.proteanTecs.com.

Press Contact

Tamar Naishlos, Media Relations  

tamarn@proteanTecs.com

 

Related Links :

http://www.proteantecs.com/

PR Newswire

Dada Haibo System Awarded Best Practice Case of Retail Technology Innovation

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SHANGHAI, Sept. 22, 2021 — Dada Group (Nasdaq: DADA), China’s leading local on-demand delivery and retail platform, is pleased to announce that its Dada Haibo omni-channel online retail operating system was awarded the 2021 Best Practice Case of Retail Digital Transformation and Technology Application by China Chain Store & Franchise Association (CCFA).

Dada Haibo System integrates the operations of marketing, products, users, account reconciliation and order fulfillment in a systematic, digitalized, and standardized platform, which has significantly improved operating efficacies and reduced cost for a lot of leading retailers in China. According to the latest list of 2020 China’s Top 100 supermarket chains released by CCFA, 45 of the Top 100 supermarkets have been adopting the system.

The deployment of Dada Haibo system at Wangzhongwang Supermarket, a leading supermarket chain in Jiangxi Province, has been acknowledged by CCFA for its impressive digital transformation. This merchant had hoped to boost sales through O2O channels, but was struggling with losses caused by a lack of detailed operational data. By adopting Dada Haibo system, they were able to automate financial reconciliation process for omni-channel businesses. And Dada Haibo’s visualized dashboard enables them to analyze operational data across dimensions, including sales channels, stores, product categories and SKUs. Through adopting the Haibo System, the merchant’s omni-channel O2O sales increased by over 50% from previously. In addition, the profit margin of their O2O business improved by 3.5 times.

"Since our cooperation with Dada Group was established, Wangzhongwang has made rapid progress in new retail and achieved wonderful growth in digital operations and O2O business," said Rong Hu, Chairman of Wangzhongwang Supermarket.

As of the end of August, Dada Haibo System had been adopted by more than 4300 retail chain stores, up significantly from 3300 stores as of the end of April, and the number keeps going up. Haibo system has already been proven that’s able to increase the efficiency of retailers’ O2O business and also to increase partners’ revenue from O2O business.  Last year, Dada Haibo system was also awarded the 2020 China’s Best Practice Case of Retail Digitalization by CCFA.

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company’s two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA."

 

 

Related Links :

http://imdada.cn

PR Newswire

e.GO Mobile Opens an Iconic Brand Store in Hamburg, Germany’s Second Largest City

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–  The new brand store is located by the Jungfernstieg – one of Hamburg’s most prominent shopping destinations.  

–  The Store combines innovative customer experience centre, sales, test drives and customer support.

–  Inauguration coincides with the World’s biggest Triathlon Championship event in Hamburg.

AACHEN, Germany, Sept. 20, 2021   — Following the successful start of production and launch of nation-wide sales, Next.e.GO Mobile SE, the independent German EV manufacturer, accelerates opening its Brand Stores. After the inauguration of the first ever brand store in Dusseldorf earlier this September, e.GO has arrived in Hamburg just as the World’s largest Triathlon Champions series gets into gear. The e.GO Hamburg brand store is located by the Jungfernstieg in one of the city’s most exclusive shopping streets at Große Bleichen 10. This address is already well-known to the Hamburg community, as it was previously home to the world’s pioneering independent electric car company from the other side of the Atlantic.

Opening of an iconic e.GO Brand Store in Hamburg, Germany
Opening of an iconic e.GO Brand Store in Hamburg, Germany

In the e.GO brand stores, visitors can experience the vehicles personally up close and get acquainted with e.GO’s disruptive production technology, unique design elements and its smart features. Customers can also do test drives and order the vehicle directly. The company plans the opening of its new brand stores in other cities in Europe with Milan, Athens and Dubai on the way.

Alongside the start of the company’s global campaign "The Time Is Now", the brand store openings mark another important milestone in e.GO’s journey to accelerate the much-needed transformation in the urban e-mobility by offering a sustainable, durable and affordable electric car that is also unique in many aspects.

"We are delighted to bring e.GO to the beautiful city of Hamburg. A metropolitan that is at forefront of urban transformation and a welcoming and vibrant community whose endearing greeting not only welcomes every ship arriving at the harbour but also the much-needed change to emission-free mobility," said Ali Vezvaei, Chairman of the Board at Next.e.GO Mobile SE.

Accelerating adoption in urban environment

Affordability, ease of use and life cycle sustainability are key to driving the adoption of electro mobility in the ever-growing urban environment. e.GO offers them all. The robust aluminium spaceframe and the highly durable polymeric outer body give the e.GO Life a longer life cycle and lower total cost of ownership. The smart battery swap feature, first of its kind for an urban electric car, provides a different user experience and peace of mind while enhancing the ecological footprint of e.GO compared to many other choices in the market. 

 

PR Newswire

HungryPanda Partners with Caocao Mobility to Launch Airport Transfer Service

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PARIS, Sept. 10, 2021 — Based on the 2020 annual data published by Campus France, overseas students still increased 5% even with the challenge of the pandemic. There are at least 30% overseas students who study in Paris. Furthermore, the number of Chinese students has surpassed 40 thousand and it expects dramatic growth in the 2021-2022 semester.

The Exclusive Partnership between HungryPanda and Caocao Mobility Paris
The Exclusive Partnership between HungryPanda and Caocao Mobility Paris

The surge in the number of students also brings new problems for the start of the school season. Many of the new students are leaving the country for the first time and coming to France to study. But with the impact of the pandemic, everything is much more complicated than before. In addition to preparing a ton of administrative documents, Chinese students have to get tested, get vaccinated, and keep an eye on the ever-changing entry policies.

After solving all those questions and landing in Paris, students face another problem, which is transport. Most Chinese would carry at least two big suitcases, preventing them to transfer by train, metro or bus. The awaiting taxi also has conflicting fame for their prices for foreigners.

HungryPanda, the leading Asian food delivery company, partners with Caocao Mobility Paris to provide the airport transfer service with a comfortable and safe experience. The airport transfer service will last to 25 September as the first step of the cooperation between these two companies. All Caocao cars prepare drivers who can speak Mandarin for more convenient communication. All drivers have been vaccinated and provide an ultimate experience for Chinese customers.

Caocao Mobility Paris is a new mobility platform offering elegant and spacious vehicles in Paris and its region, accessible to people with reduced mobility and eco-friendly. The company is a French start-up supported by the automotive group Geely and have served more than 30 million passengers.

Through the airport transfer service, HungryPanda aims to provide a one-stop service for overseas Chinese, from transport to food delivery. The exclusive partnership is also a whole new attempt for HungryPanda to expand with more business models. HungryPanda is dedicated to seeking new opportunities to provide premium lifestyle services for overseas Chinese, and establishing a leading platform to support the development of overseas Chinese communities.

PR Newswire

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

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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.
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

Create a Collaborative Organization to Help Manufacturing Companies Deliver Exceptional Customer Service at Every Touchpoint

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Security and feedback systems are critical to companies’ CX enhancement efforts, finds Frost & Sullivan

SANTA CLARA, Calif., Sept. 8, 2021 — Remote work, agent shortages, delays in the supply chain, manufacturing, distribution, and, in many cases, rapid business growth have dramatically impacted customer contact organizations across industries. As a result, improving customer experience (CX) has become a top business goal for manufacturing companies across almost every industry. They are increasingly moving beyond "people, process, and technology" to deliver reliable and frictionless CX at every touchpoint.

Frost & Sullivan’s latest virtual ThinkTank, Delivering Frictionless Customer Experience in Manufacturing, discussed what is next in CX and digital transformation as the world begins to recover from the pandemic. It explored the top challenges and ways to help manufacturing companies make the best investment decisions as they continue their digital transformation journey.

To download the complimentary Executive Brief, please visit: http://frost.ly/64z.

"Customers want personalized products, services, and care but are apprehensive about sharing their information for security reasons. Therefore, companies need to be upfront about their security measures and how customer data will be used," said Alpa Shah, Vice President, Customer Experience at Frost & Sullivan. "In addition to security, companies must constantly improve processes, train employees to improve skill sets, and provide the tools necessary to empower them to deliver exceptional CX."

"Although companies have been disrupted and have an immediate need to integrate across the entire supply chain, many have multiple systems on the back end and do not have a central strategy," noted Brian Remmel, General Manager, Business Applications at Microsoft. "We traditionally look at CX as a front-office issue. The reality is that CX is impacted by the front office, the back office, all the way through the entire customer journey. The best way to provide an incredible CX is to deliver an exceptional employee experience because it is your employees that are servicing customers."

It is clear that to succeed in an altered marketplace, manufacturing companies will have to offer differentiated CX by:

  • Becoming a customer-first manufacturer: Establish an effective feedback loop from customers, marketing and sales, and research and development. With access to easy-to-use analytics, companies will truly understand their customers’ needs and address them.
  • Building trust and loyalty with customers: Customers are more willing to share their data if they have control over it. Companies need to help them realize benefits such as convenience and anytime-anywhere access.
  • Unlocking new service revenue streams through connected devices: Connected devices allow companies to be predictive rather than reactive by knowing what is going to fail in the manufacturing process, preventing problems from ever occurring, and prolonging the life of critical assets. More importantly, technology can reduce the cost to serve customers by offering self-serve capabilities.

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.

Media Contact:

Priya George,
Corporate Communications, Frost & Sullivan
E: priyag@frost.com

http://ww2.frost.com

 

Related Links :

http://www.frost.com

PR Newswire

Veoneer products enable level 3 hands-off self-driving tech

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STOCKHOLM, Sept. 6, 2021 — The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), is proud contributor to the Highly Automated Driving solution in the Mercedes-Benz S-class, equipped to offer level 3 hands-off self-driving tech.

During the fall, Mercedes-Benz’ DRIVE PILOT system is being introduced with greater performance from Veoneer’s Stereo Vision and Radar products to support level 3 self-driving.

Veoneer’s 4th generation stereo vision camera system is comprised of fully integrated hardware and perception software to master the challenges of highly automated driving. The stereo vision camera system uses Convolutional Neural Network (CNN) technology in combination with 3D stereo for accurate classification and positioning of objects in front of the vehicle. Functions enabled by the stereo camera are lane detection, free space, small obstacle detection and 3D objects classification. Additionally, the stereo camera is contributing to the detection of emergency vehicles and construction warning trailers to support level 3 driving.

Veoneer’s 77GHz radar, generation 1.2 including corner radars, offer high range resolution and angular accuracy. The radar has been adapted since launch to additionally support the HAF-Level 3 solution. Veoneer Radars are an important component contributing to the vehicles spatial awareness, which is increasingly important for the HAF-Level 3 use cases. Built upon novel algorithms, the resulting performance provides superior angular resolution allowing the Drive Pilot system to discern pedestrians, and vehicles.

Mercedes-Benz DRIVE PILOT system is a prime example of collaborative driving; as a level 3 system, the car can take control under certain conditions, but the driver needs to be ready to retake the wheel when needed within 10 seconds.  

"I am truly proud of Veoneer’s contribution to Mercedes-Benz AG; our world-class products are an integral part of the Drive Pilot system, but more importantly, I am even more proud of our way of working closely integrated with our customer in an agile manner, ensuring the end-consumers get superior features that improve driver convenience and safety," says Jan Carlson, Chairman, President and CEO of Veoneer.

For more information please contact:

Thomas Jönsson, EVP Communications & IR,
thomas.jonsson@veoneer.com, tel +46 (0)8 527 762 27

Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, develop, and manufacture state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,500 employees in 11 countries. In 2020, sales amounted to $1.37 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB).

Safe Harbor Statement: This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Veoneer, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law.

 

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PR Newswire

PABLO AIR to Launch New York Drone Delivery PoC with EVA

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INCHEON, South Korea, Sept. 3, 2021  — PABLO AIR, a company specializing in drone logistics solutions and delivery services and a member of Born2Global Centre, will take part in the development of a drone delivery service for use in the United States. As a member of a consortium led by EVA, PABLO AIR will begin its participation in an empirical project on drone delivery in New York from April, 2022. The corridor is developed by Griffiss International Airport (GIA), Thales, Federal Aviation Administration (FAA), and the U.S. National Aeronautics and Space Administration (NASA) who are in the Northeast UAS Airspace Integration Research Alliance (NUAIR) Alliance. NUAIR Alliance, a nonprofit organization based in New York, supports a project that advances the UAS and AAM industries including standard development, product testing, drone integration, and real-life use-case scenarios. This venture is especially important for PABLO AIR because it essentially grants the company exclusive drone operation rights in this project. 

MOU signing between PABLO AIR and EVA
MOU signing between PABLO AIR and EVA

The project will be conducted in two New York locations: GIA, in Oneida County near Rome, and in Syracuse. The project will test the safety with which cargo can be delivered via drone to its destination; PABLO AIR will load objects onto a drone to be delivered from GIA to a station in Syracuse, a distance of approximately 50 miles.

Since establishing its US branch in June, PABLO AIR has engaged in diverse R&D endeavors in Arizona and New York. The company is currently conducting a joint R&D project with EVA, a multi-purpose unmanned station manufacturer whose CEO is a former Director Business and Organization Development of Japan and Asia in Tesla; this will strengthen EVA’s existing unmanned distribution system solution for unmanned mobility delivery stations. A designer affiliated with BMW America will assist in the station’s design.

PABLO AIR’s goal is to innovate the distribution industry by providing unmanned integrated distribution systems, in which the drone is the first step. To enhance the efficiency and accessibility of the unmanned delivery system, the company has developed PAMNet, software that operates and controls an integrated version of unmanned land, air and marine mobility systems. PAMNet is recognized in the industry as a solution that can speed up the commercialization of unmanned mobility delivery/distribution solutions by optimizing the operational environment and accessibility of unmanned systems. 

Kim Young-Joon, CEO of PABLO AIR, said, "This project is important as an opportunity for a Korean startup to showcase its aviation technologies in New York. We believe that the project is a turning point for PABLO AIR and will act as a stepping stone for our entrance into the American market. Moving forward, PABLO AIR will more actively strive to enter the global market with a sense of mission to benefit humankind through our technologies and services."

For more detailed information on PABLO AIR, visit www.pabloair.com.

About PABLO AIR

Established in 2018, PABLO AIR (www.pabloair.com) succeeded in July in attracting investment of KRW 8.5 billion (USD 8 million) for the pre-Series B round, bringing total investment in the venture to KRW 11.5 billion (USD 10 million). In 2020, for the first time in Korea, the company produced a long-distance maritime delivery using two drones over a distance of 80.6 km (50.1 mile). In 2019, the company organized a drone art show using 100 drones for the first time in Korea, followed by performing approximately 30 drone art exhibitions using more than 300 drones and fireworks. With its own developed autonomous delivery software solution called Pablo Air Mobility Network (PAMNet), PABLO AIR was named as a 2nd place winner in the Operation of the AUVSI XCELLENCE Awards 2021.

About Born2Global Centre

Born2Global Centre (www.born2global.com) is a full-cycle service platform for global expansion. Since its inception in 2013, Born2Global has been setting the standard for a successful startup ecosystem as the main Korean government agency under the Ministry of Science and ICT. Born2Global has expanded and transformed startups to be engaged, equipped and connected with the global market.

Media contact

PABLO AIR: dlee@pabloair.com
Born2Global Centre: jlee@born2global.com

Related Links :

http://www.pabloair.com