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PR Newswire

AUTOCRYPT Announces Official Partnership with NXP for Integrated V2X Security Solutions

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SEOUL, South Korea, Sept. 24, 2020 — AUTOCRYPT Co., Ltd., a leading V2X and autonomous vehicle security solutions provider, announced its partnership with NXP Semiconductors in several automotive security related applications beginning with secure V2X.

As an official partner of NXP, support for AutoCrypt V2X will be streamlined across NXP’s V2X-related offerings, including the SAF5X00 modem chipsets and the SXF1800 Secure Element IC for V2X Communication, as well as the i.MX 8 Series Application Processor. By integrating AUTOCRYPT’s IEEE 1609.2-compliant V2X security solution onto NXP’s platform, secure exchange of V2X messages as well as performance optimization can be achieved more effectively.

Regarding the partnership, AUTOCRYPT CEO and co-Founder Daniel ES Kim stated, "As an increasing number of vehicles and infrastructure rely on connectivity, it is tantamount that processors have the highest ability to secure V2X communication. As a major player in the automotive market, NXP values security as much as AUTOCRYPT. We are looking forward to joint solution development to continue to progress in our target to keep connected cars secure."

AUTOCRYPT’s offerings across V2X, V2D, and V2G security are a natural match for NXP’s expansive automotive portfolio, paving the way for further joint solution development as global interoperability continues to become a crucial factor for enabling safe transportation and mobility.

AUTOCRYPT is the leading player in autonomous vehicle security. Recognized by TU-Automotive as the Best Auto Cybersecurity Product/Solution of 2019, AUTOCRYPT continues to pave the way in transportation and mobility security through a multi-layered, holistic approach. Through security solutions for V2X/C-V2X, V2G (including Plug & Charge security), in-vehicle security, and Fleet Management, AUTOCRYPT ensures that security is prioritized before autonomous vehicles hit the road.

Visit www.autocrypt.io for more information, and contact marketing@autocrypt.io for partnership inquiries.

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Seoul Semiconductor’s WICOP Bi-Color LEDs Are Shining in the Headlamp of Audi A4 Model Year 2020

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ANSAN, South Korea, Sept. 22, 2020 — Seoul Semiconductor Co., Ltd. ("Seoul") (KOSDAQ 046890), a leading global innovator of LED products and technology, announced that it has supplied WICOP Bi-color (2 colors in one package) LED products for the daytime running lights and front turn signals of the 2020 Audi A4 (B9 facelift) headlamp.

2020 Audi A4 with Seoul Semiconductor’s WICOP Bi-Color LEDs (Source: Audi)
2020 Audi A4 with Seoul Semiconductor’s WICOP Bi-Color LEDs (Source: Audi)

This is the first example of Seoul Semiconductor’s WICOP product being mounted on an Audi headlamp. WICOP Bi-color LED is a core patented technology of Seoul Semiconductor that realizes both white and yellow in one package. It is designed to directly mount the LED chip on the board without additional package.

"Due to the narrow space between the light emitting surfaces of the bi-color LED, it is technically beneficial to light up one cavity with yellow for turn and white for DRL. This advantage opens up the possibility of slimmer headlamp designs," said Dr. Michael Hamm, the head of development headlamps of Audi.

In the meantime Seoul Semiconductor has already developed the more compact WICOP Gen2 mini bi-color emitter while including the advantages of the existing WICOP in combination with even slimmer footprint.

"The [WICOP Gen2] family has been developed as a light source suitable for automobile main functions, daytime running lights and turn indicators. Actually we are developing [WICOP UHL (Ultra High Luminance)] with excellent high luminance and heat dissipation performance for the next generation of slim headlamps. Accordingly, European headlamp customer inquiries for our innovative products have increased and we have been engaged with customers in more than 20 headlamp projects for next generation cars," said In Heum Park, vice president of automotive division of Seoul Semiconductor.

WICOP technology is widely applied not only to vehicle lighting, but also to high-brightness TVs and LCD backlights for mobile phones, flash for smartphone cameras, and high-power general lighting, as it has excellent thermal conductivity and is easy to configure light, thin and compact lenses.

About Seoul Semiconductor

Seoul Semiconductor is the world’s second-largest global LED manufacturer, a ranking excluding the captive market, and has more than 14,000 patents. Based on a differentiated product portfolio, Seoul offers a wide range of technologies, and mass produces innovative LED products for indoor and outdoor lighting, automotive, IT products, such as mobile phone, computer displays, and other applications, as well as the UV area. The company’s world’s first development and mass production products are becoming LED industry standard and leading the global market with a package-free LED, WICOP; a high-voltage AC-driven LED, Acrich; an LED with 10X the output of a conventional LED, nPola; a cutting edge ultraviolet clean technology LED, Violeds; an all direction light emitting technology, filament LED; a natural spectrum LED, SunLike; and more. For more information, please visit www.seoulsemicon.com/en.

Contacts:
Seoul Semiconductor Co., Ltd.
Jeonghee Kim
Email: jeonghee.kim@seoulsemicon.com

 

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PR Newswire

iPoint enters strategic partnership with Toyota Tsusho Systems

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Sustainable market presence for iPoint’s software in Japan

REUTLINGEN, Germany, Sept. 22, 2020 — iPoint-systems, a leading provider of software and services for environmental and social product compliance, and sustainability, today announced a new partnership with the well-established Japanese IT trading company Toyota Tsusho Systems (TTS). With this partnership, iPoint further expands its presence in the Japanese market. In addition to three long-standing, strong partners in Japan, NTT Data Global Services (formerly NTT DATA Enterprise Application Services), MSC Software Japan and JEMAI, iPoint can now also benefit from the TTS network in the Japanese automotive industry to drive the transition towards a Digital Circular Economy.

The strategic partnership between iPoint and TTS draws upon the strengths of each partner and offers mutual benefits. While the partnership will open new market segments and strengthen iPoint’s position and brand recognition in Japan market, TTS can enhance its wide range of software offerings with iPoint’s leading cross-industry solutions for material compliance, sustainability, and the circular economy. With a large network in Japan and ten locations worldwide, TTS is an associated company of Toyota Tsusho, the trading arm of the Toyota Group developing and providing IT solutions to advance digital transformation around the world.

"The automotive industry is said to be undergoing a once-in-a-century revolution. In this sector, technological innovations such as big data, artificial intelligence, and blockchain are accelerating the digital transformation and changing society and industrial structures in unprecedented ways," says Mitsuhiro Tsubakimoto, CEO of TTS. "We are a technology group that creates proactive IT. For this reason, we are excited to expand our product offerings in the field of compliance and sustainability through iPoint’s state of the art software solutions."

"iPoint is thrilled to be working with such a well-established partner experienced in introducing innovative IT solutions to the Japanese market," states Joerg Walden, founder and CEO of iPoint-systems. "When it comes to compliance and sustainability, the Japanese economy, especially the automotive industry, has enormous growth potential. As one of the largest markets globally, Japan’s expanding commitment to become sustainable, together with TTS’s expertise, strong network, and on-site capabilities, is a powerful combination which allows us to flexibly respond to the growing demand for our solutions in Japan and drive the revenue of our Japanese and overall business over the coming years," Walden adds. "iPoint will collaborate with TTS not only in Japan, but also in the global market, as together we share and can reach our global clientele in diversified industries."

Press contact:

Dr. Katie Boehme
Head of Corporate Communications & Sustainability
iPoint-systems gmbh
+49.7121.14489-60
circular@ipoint-systems.de

About iPoint

iPoint is a leading provider of software and services for environmental and social product compliance, process compliance, and sustainability with a customer base of more than 55,000 companies. Since its founding in 2001, iPoint has been constantly expanding its portfolio to realize its vision of building an integrated digital platform for the Circular Economy. Further information: www.ipoint-systems.com.

About TTS

Toyota Tsusho Systems Corporation, a member of the Toyota Tsusho Group and is established in 1994, constitutes a team of professionals in the field of ICT. By TTS’s philosophy of living and prospering together with people, society and the planet, TTS accurately identify and provide the services and solutions that customers need, and thereby contribute to the success of their businesses. Further information: www.ttsystems.com.

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PR Newswire

Bitauto Holdings Limited to Hold Extraordinary General Meeting of Shareholders

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BEIJING, Sept. 19, 2020 — Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China’s automotive industry, today announced it has called an extraordinary general meeting of shareholders (the "EGM"), to be held on October 23, 2020 at 10:00 a.m. (China Standard Time), at JingAn Kerry Centre, Tower II, 46th Floor, 1539 Nanjing West Road, Shanghai 200040, China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement") , dated June 12, 2020, among the Company, Yiche Holding Limited ("Parent"), and Yiche Mergersub Limited, a wholly owned Subsidiary of Parent ("Merger Sub"), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the "Plan of Merger") and the transactions contemplated thereby, including the merger.

According to the Merger Agreement and the Plan of Merger, at the effective time of the merger, Merger Sub will merge with and into the Company and cease to exist, with the Company being the surviving company and becoming a wholly owned subsidiary of Parent. If consummated, the merger would result in the Company becoming a privately held company, and its American depositary shares (each representing one Class A ordinary share, par value US$0.00004 per share) (the "ADSs") would no longer be listed or traded on the New York Stock Exchange or any other stock exchange, and the Company’s ADS program would be terminated. In addition, the Company’s ADSs and Class A ordinary shares represented by the ADSs would cease to be registered under Section 12 of the Securities Exchange Act of 1934 following the consummation of the merger.

The Company’s board of directors (the "Board"), acting upon the unanimous recommendation of a committee of independent directors established by the Board, authorized and approved the execution, delivery and performance of the Merger Agreement, the Plan of Merger and the consummation of the transactions contemplated thereby, including the merger, and recommends that the Company’s shareholders and ADS holders vote FOR, among other things, the proposal to authorize and approve the execution, delivery and performance of the Merger Agreement, the Plan of Merger and the consummation of the transactions contemplated thereby, including the merger.

Shareholders of record at the close of business in the Cayman Islands on October 9, 2020 will be entitled to attend and vote at the EGM and any adjournment thereof. ADS holders as of the close of business in New York City on September 21, 2020 will be entitled to instruct Citibank, N.A., the ADS depositary, to vote the Class A ordinary shares represented by the ADSs at the EGM.

Additional information regarding the EGM and the Merger Agreement can be found in the transaction statement on Schedule 13E-3 and the definitive proxy statement attached as Exhibit (a)-(1) thereto, as amended, filed with the U.S. Securities and Exchange Commission (the "SEC"), which can be obtained, along with other filings containing information about the Company, the proposed merger and related matters, without charge, from the SEC’s website www.sec.gov. Requests for additional copies of the definitive proxy statement should be directed to Innisfree M&A Incorporated, the Company’s proxy solicitor, at +1-888-750-5834 (toll free in the United States) or +1-412-232-3651 (outside the United States).

SHAREHOLDERS AND ADS HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED MATTERS.

The Company and certain of its directors and executive officers may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from the shareholders with respect to the proposed Merger. Information regarding the persons who may be considered "participants" in the solicitation of proxies is set forth in the Schedule 13E-3 transaction statement relating to the proposed Merger and the definitive proxy statement attached thereto. Further information regarding persons who may be deemed participants, including any direct or indirect interests they may have, is also set forth in the definitive proxy statement.

This announcement is for information purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities or a solicitation of any proxy, vote or approval with respect to the proposed transaction or otherwise, nor shall it be a substitute for any proxy statement or other filings that have been or will be made with the SEC.

Safe Harbor Statement

This press release contains statements that express the Company’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (the "Act"). These forward-looking statements can be identified by terminology such as "if," "will," "expected" and similar statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. Risks, uncertainties and assumptions include: uncertainties as to how the Company’s shareholders will vote at the meeting of shareholders; the possibility that competing offers will be made; the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; and other risks and uncertainties discussed in documents filed with the SEC by the Company, as well as the Schedule 13E-3 transaction statement and the proxy statement filed by the Company. These forward-looking statements reflect the Company’s expectations as of the date of this press release. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Bitauto Holdings Limited

Bitauto Holdings Limited (NYSE: BITA) is a leading provider of internet content & marketing services, and transaction services for China’s automotive industry. Bitauto’s business consists of three segments: advertising and subscription business, transaction services business and digital marketing solutions business.

Bitauto’s advertising and subscription business provides a variety of advertising services to automakers through the bitauto.com website and corresponding mobile apps which provide consumers with up-to-date automobile pricing and promotional information, specifications, reviews and consumer feedback. Bitauto also provides transaction-focused online advertisements and services for promotional activities to its business partners, including automakers, automobile dealers, auto finance partners and insurance companies. Bitauto offers subscription services via its SaaS platform, which provides web-based and mobile-based integrated digital marketing solutions to new car automobile dealers in China. The SaaS platform enables automobile dealer subscribers to create their own online showrooms, list pricing and promotional information, provide automobile dealer contact information, place advertisements and manage customer relationships to help them reach a broad set of purchase-minded customers and effectively market their automobiles to consumers online.

Bitauto’s transaction services business is primarily conducted by its controlled subsidiary, Yixin Group Limited (SEHK: 2858), a leading online automobile finance transaction platform in China, which provides transaction platform services as well as self-operated financing services.

Bitauto’s digital marketing solutions business provides automakers with one-stop digital marketing solutions, including website creation and maintenance, online public relations, online marketing campaigns, advertising agent services, big data applications and digital image creation.

For more information, please visit ir.bitauto.com.

For investor and media inquiries, please contact:

Suki Li
Bitauto Holdings Limited
Phone: +86-10-6849-2145
ir@bitauto.com

Philip Lisio
Foote Group
Phone: +86-10-8429-9544
bitauto@thefootegroup.com

 

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PR Newswire

Study by Dolphin Technologies reveals a quarter of all car accidents happen in the first three minutes of driving

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Dolphin Technologies has analyzed the behavior of 40,000 drivers over a period of two years to investigate the causes of traffic accidents. One result is particularly interesting: 25 percent of all accidents happen within the first three minutes of driving. 

VIENNA, Sept. 17, 2020 — The Austrian telematics provider Dolphin Technologies specializes in leveraging technology to prevent road traffic accidents. Drivers who use Dolphin’s system receive incentives, such as a discount on their insurance premium, for engaging in low-risk driving behavior like not using a phone while driving, and respecting speed limits.

 

Trip duration and relative risk of accidents
Trip duration and relative risk of accidents

 

"A self-induced accident is often the result of wrong decisions or lack of information," says Harald Trautsch, CEO of Dolphin. "One drives tired, drunk, or uses the phone at the wheel. Or one doesn’t know that extreme weather conditions such as black ice prevail on the route."

In a recent study based on anonymized data obtained through Dolphin’s system, the telematics provider analyzed 3.2 million car trips by 40,000 people in 2018 and 2019, in which a total of 1,986 accidents occurred. In particular, the study examined the duration and correlation between the length of car journeys and the probability of an accident. 

The data revealed that most trips (87%) last less than 30 minutes while only 1% of all trips last longer than one hour. The lowest risk of accident in relative terms was for trips lasting between 10 and 20 minutes. After that, the risk rises disproportionately. If you are in the car for more than 40 minutes, you already have two and a half times the risk than if you are driving for less than 20 minutes.

However, a closer look at short trips – here defined as trips lasting less than 10 minutes – revealed some very interesting details. Notably, 25 percent of all accidents occurred during the first 3 minutes of driving, and another 14 percent within the first 6 minutes. "This study shows that if we could encourage people to give up their cars for short distances, up to 40 percent of all accidents could be avoided," says Katharina Sallinger, Chief Data Scientist at Dolphin and head of the study. "We want to support people in being on the road safely. Knowing which behavior leads to accidents enables us to make targeted recommendations, and thus to minimize risks." The expert’s tips:

  • Avoid short trips if possible and cycle or walk
  • For longer journeys, plan and keep regular breaks
  • Do not use your cell phone while driving. It causes 26 percent of accidents

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Contact us: Dolphin Technologies GmbH, Lisa Eisenberger, press@dolph.in, Tel. +43 664 3657446

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Get SAT And SeaLandAire Delivering BLOS Capable ADARO Unmanned Surface Service Vessel To US Navy

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ADARO Project Using Inmarsat L-Band Network

JACKSON, Mich. and MCLEAN, Va., Sept. 16, 2020 — SeaLandAire Technologies, Inc., an engineering services small business with a core focus on developing small unmanned vehicles and sensor systems to collect data from difficult environments, and Get SAT, an innovator in small, lightweight satellite communication terminals for airborne, ground, and maritime applications, today announced that the U.S. Navy has selected Get SAT’s micronized, lightweight Ultra-Blade L-Band ESA (Electronically Steerable Array Antenna) for beyond line of sight (BLOS) C2 and ISR (Intelligence, Surveillance and Reconnaissance) exfiltration on SeaLandAire’s ADARO an Unmanned Surface Vehicle (USV).

The marriage of SeaLandAire’s ADARO, Get SAT’s micronized Ultra Blade L Band ESA, and INMARSAT Governments high capacity L Band service provides the Department of Defense with a low cost, highly mobile USV capable of supporting the most demanding at sea missions, including Full Motion Video backhaul. Reducing risk to force and risk to mission by removing the USV operator from the area of operation, the BLOS ADARO will make a significant impact to mission planning and approvals in high risk environments.

The ADARO is a rugged, man-portable, X-class unmanned surface vehicle designed around a modular payload capability. Its series-hybrid energy system provides quiet electric-only operation, even at top speeds, while the heavy fuel range extender significantly lengthens mission life. The platform is designed with a modular architecture to facilitate field servicing and repair. The flexible payload architecture allows extremely rapid integration of new payloads. Both software and hardware are designed for ease of use; ADARO can be set up and deployed within minutes.

Ultra-Blade is the market’s first complete all-planes ESA antenna with no moving parts whose streamlined physical characteristics, such as super low-profile, and technical achievements change the nature of mobile broadband satcom. With more than 90% antenna efficiency and the unprecedented capability to independently track any L-band satellite, Ultra Blade’s exceptional high throughput works for maritime, aviation and ground applications.

SeaLandAire President David Sparks stated, "The ADARO project is an important stride towards the future of USV surveillance operations. Our SeaLandAire team and partners are providing a solution that can be utilized to combat the fast-occurring challenges of the changing maritime and coastal domains."

According to Jason Stephens, Get SAT VP Sales North America, "The integration of Ultra Blade’s satcom with the autonomous capabilities of ADARO provides an immediate positive impact to the warfighter.  Anytime technology reduces the potential risk to personnel, Get SAT will be at the forefront of creating smart, micronized communication solutions.  We are very happy with our partnership with SeaLandAire and will continue to work to provide new technologies to solve hard challenges."

About Get SAT:

A privately held company located in Rehovot, Israel, Get SAT Communications provides portable and extremely efficient antenna and terminals that offer high-data-rate communications for ground, air, and maritime applications. Get SAT provides services for government and military use, enterprises, first responders, non-governmental organizations (NGOs) and humanitarian groups. For more information, visit www.getsat.com.

Get SAT CONTACT:
Ayala Pinhasi
+972-76-5300-700
+1-571-501-5150
info@getsat.com

About SeaLandAire Technologies, Inc.

A privately held small business located in Jackson, MI, SeaLandAire is an engineering services company that designs, develops, and builds products tailored to helping our customers collect information in any environment, focusing on small unmanned vehicles and sensor systems.

For more information, visit www.sealandaire.com

SeaLandAire CONTACT:
Jenna Jarvis
517-784-8340
JJarvis@sealandaire.com 
Info@sealandaire.com 

 

PR Newswire

Hainan free trade port sets benchmark for China’s opening up

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HAIKOU, China, Sept. 14, 2020 — The construction of the Hainan free trade port has picked up steam since Chinese authorities drew up a plan for it three months ago, demonstrating China’s commitment to opening up amid the COVID-19 pandemic.

Aerial photo taken on April 3, 2020 shows a view of Hainan's Boao Lecheng pilot zone of international medical tourism in south China's Hainan Province.
Aerial photo taken on April 3, 2020 shows a view of Hainan’s Boao Lecheng pilot zone of international medical tourism in south China’s Hainan Province.

With supporting policy packages, Hainan is becoming a popular destination for foreign investment and enterprises.

So far, the free trade port has landed a total of 94 major projects including 20 foreign-funded ones, covering sectors such as tourism, modern service and high-tech industries.

"The launch of these projects will bring new growth not only to the free trade port but also to global investors," said Han Shengjian, director of the Hainan International Economic Development Bureau.

On Sept. 3, the last day of a three-day promotional event in a duty-free shop in Hainan’s resort city of Sanya, Chu Yadong scurried back and forth in the shop, picking out skincare products and makeup for his relatives.

From July 1, Hainan has increased its annual tax-free shopping quota from 30,000 yuan (about 4,389 U.S. dollars) to 100,000 yuan per person.

According to official data, sales from four offshore duty-free shops in Hainan topped 5 billion yuan from July 1 to Aug. 18, an increase of 250 percent year on year, with an average daily turnover of over 100 million yuan.

The Boao Lecheng pilot zone of international medical tourism, a platform to explore the country’s development of international medical tourism-related businesses and services, launched a special type of drug insurance on Aug. 2.

It covers 70 anti-cancer drugs from around the globe for 35 common cancers, including 49 that have yet to be approved for sale in the Chinese mainland market. The annual premium for Hainan residents is only 29 yuan per person, while the insurance covers up to 1 million yuan in drug costs.

Yan Lukai, an official with the pilot zone administration, said as an innovation of the free trade port construction, the insurance enables Hainan residents to share the policy dividends.

"Hainan is building a people-centered free trade port, which will not only make Hainan people gain a strong sense of happiness, but also share the development opportunities with people across the country as well as enterprises and skilled workers from all over the world," said Liu Cigui, Party secretary of Hainan.

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Elbit Systems UK Demonstrates Hermes 900 Maritime Search and Rescue Flights for the Maritime and Coastguard Agency

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Hermes 900 was able to fly in unsegregated and uncontrolled airspace in full alignment with the UK Civil Aviation Authority

LONDON, Sept. 11, 2020 — Elbit Systems’ Hermes 900 Unmanned Aerial System (UAS) recently successfully completed a series of flight demonstrations for the Maritime and Coastguard Agency (MCA). The demonstration were run by the MCA and were designed to test the capabilities of using a UAS to enhance Search and Rescue (SaR) capabilities and the use of long-range unmanned capabilities in civilian airspace.

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Taking place off the West Coast of Wales over the first two weeks of September, the Hermes 900 was able to fly advanced Beyond Line of Sight (BLOS) missions into unsegregated and uncontrolled airspace, in full alignment with the UK Civil Aviation Authority (CAA). The success of these trials is a significant step forward in enhancing the capabilities of the MCA as they seek to improve the efficiency and effectiveness of its search and rescue operations while reducing the risk to MCA personnel in the field. Elbit Systems UK is closely collaborating with the UK Civil Aviation Authority, supported by additional UK companies, including Inzpire and Aviation Systems Group.

Watch the video: https://youtu.be/cHz4c6B6jKc

In the recent demonstration, the Hermes 900 equipped with search and rescue specific radar, an Automatic Identification System (AIS), EO/IR payload, an Emergency Position-Indicating Radio Beacon (EPIRB) and full satellite communications, was deployed on a range of missions that simulated shore-line rescues, water rescues in dangerous air space and long-distance ship rescues which crossed international air space lines.

With a wingspan of 15m, the 1.2 ton, Hermes 900 is already deployed with more than a dozen advanced customers around the globe providing search, rescue and reconnaissance capabilities. The Company offers extended life-saving capabilities with its recently launched Hermes 900 Maritime Patrol configuration with inflated life-rafts for detection, identification and saving the lives of survivors at sea. It was revealed that this configuration was delivered to an undisclosed customer in South-East Asia.

Martin Fausset, CEO of Elbit Systems UK commented: "We are pleased to have had the opportunity to showcase our enhanced search and rescue capabilities to the MCA this week. The Hermes 900 is perfectly equipped to deal with the needs of the Maritime and Coastguard Agency and we are proud to be able to support them as they continue with their vital, life-saving work."

Director of HM Coastguard Claire Hughes said: "We continue to do all we can to use existing technology as well as look to the future in our ongoing work of saving lives at sea. Remotely piloted aircraft continue to be a big part of that work both to potentially save lives in search and rescue and protect our beautiful coastlines from the worst effects of pollution."

About Elbit Systems UK

Elbit Systems UK Ltd (ESUK) holds four wholly-owned subsidiaries as well as two joint ventures. In total, over 500 personnel are employed by the Elbit Systems UK companies, in high tech roles in the defence, aerospace and rail sectors. The two joint ventures were formed in order to deliver the Watchkeeper programme for the British Army and to supply and support three fleets of aircraft within the UK MOD Military Flying Training System (UKMFTS) programme.

About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

For additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, YouTube and LinkedIn Channels.

Video – https://youtu.be/cHz4c6B6jKc

Contact:

Victoria Mackarness
CMS Strategic
Victoria.Mackarness@cmstrategic.com
+44 (0)7852 128075

Dana Tal-Noyman
Manager International Corporate Communications
Tel: +972-77-2948809
Cell: +972-54-9998809
dana.tal@elbitsystems.com

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PR Newswire

Booming Demand for Innodisk’s CAN Bus Solutions Amid Pandemic and Autonomous Vehicle Trend

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Innodisk’s expanding CAN bus product line sees skyrocketing demand

TAIPEI, Sept. 11, 2020 — Innodisk’s CAN bus expansion modules are taking the world by storm. Unprecedented demand for autonomous vehicle technology amid the ongoing COVID-19 pandemic and continued growth of industrial automation and smart healthcare mean that Innodisk’s industry-leading CAN bus solutions are in high demand.

Sales Doubled in 2020

Innodisk’s long-standing expertise in industrial markets and its commitment to CAN bus innovation have made it a key supplier to innovators – large and small – in the autonomous vehicle, automation, and medical markets. As a result, Innodisk’s CAN bus product line sales nearly doubled in the first half of 2020, with unit sales in that period already surpassing full-year sales in 2019.

Innovations Tailored for Autonomous Vehicles

Modern autonomous vehicle systems depend on many sensors in lidar, radar, and camera systems for autonomous navigation in diverse roadside environments. This large number of sensors requires that the vehicle controller system is equipped with enough CAN bus ports.

Innodisk designed its new four-port M.2 to CAN bus expansion module (EGPC-B4S1) to address this demand. The expansion module provides vehicle controller systems with four additional CAN bus ports per card, satisfying autonomous vehicles’ growing demands for CAN bus ports and giving manufacturers new opportunities to innovate.

Industrial-Grade CAN Bus Expansion Designed for the Future

The new Innodisk EGPC-B4S1 CAN bus module launches in the third quarter of 2020 and joins the two-port M.2 and mPCIe to CAN bus expansion modules in Innodisk’s growing CAN bus lineup. Higher-level protocol support for SAE J1939 and CANopen launches for EGPC-B4S1 in Q4 2020 and is already fully supported in Innodisk’s existing CAN bus modules.

Innodisk’s CAN bus expansion modules are designed for industrial applications, featuring support for extreme temperatures (-40 degree Celsius to 85 degree Celsius), electrostatic discharge protection (air: 15 kV, contact: 8 kV), as well as 2 kV HiPot protection – bringing CAN bus innovation to any industrial application.

About Innodisk

Innodisk is a service-driven provider of flash memory, DRAM modules, and embedded peripheral products for industrial and enterprise applications. With satisfied customers across a range of demanding industries, we have set ourselves apart with a commitment to exceptional products and service.

For more information about Innodisk, please visit https://www.innodisk.com

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PR Newswire

Indonesian Logistics Tech Startup Waresix Closes c.US$100 Million Fundraising

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Summary

  • Waresix seeks to digitally transform the US$55 billion Indonesian trucking and warehousing sector.
  • Amid the COVID-19 pandemic, Waresix has scaled up rapidly to support the distribution of essential goods to over 100 cities across Indonesia and to provide logistics services to primary sectors.
  • As the world’s largest archipelago, distribution of goods is a major pain point in Indonesia. Waresix offers unique solutions to address distribution challenges, in line with the government’s aim to reduce the country’s logistics costs to 19% of GDP.

JAKARTA, Indonesia, Sept. 10, 2020 — Waresix, Indonesia’s leading logistics tech platform, today announced that it has concluded its Series B fundraising, and over the last year raised c.US$100 million from existing investors EV Growth and Jungle Ventures, and new investors, including SoftBank Ventures Asia, EMTEK Group, Pavilion Capital and Redbadge Pacific.

Waresix Team at Waresix Office
Waresix Team at Waresix Office

Waresix is the leading logistics tech platform in Indonesia in the trucking and warehousing segments. Trucking services, which form the majority of Waresix’s business, is focused on first-mile and mid-mile intercity shipments. Waresix’s deep operational involvement as a provider of managed services enables it to identify key value and efficiency-generating solutions for its clients beyond passive demand and supply matching. Waresix’s solutions, including consolidation, back-haul optimization and hub-and-spoke distribution, can achieve 50% higher truck utilization than traditional shippers, and have contributed towards Waresix rapid scaling, while generating positive net income. Waresix has been profitable on a net income basis since June 2019.

Waresix now serves more than 250 marquee corporate clients from diverse industries, including clients within the commodities, fast-moving consumer goods, industrial consumables, infrastructure, and retail sectors. Notable customers include Unilever, Indofood, Siam Cement Group, Wings, JD.ID and numerous other MNCs. Waresix’s logistics ecosystem spans over 40,000 trucks and 375 warehouses in more than 100 cities and towns across Indonesia. Waresix’s integration with key logistics facilities, such as Indonesia’s National Ports, has allowed the company to expand its reach beyond Java and Sumatra, to all of Indonesia’s main islands.

Waresix Truck
Waresix Truck

Waresix has been developing a unified operating system-like platform for its partners, with the goal of improving partners’ daily operations pertaining to their vendors and customers. The platform further provides a compact, single view of partners’ consignments across transport channels and transit warehouses. Waresix’s platform distinguishes itself from other logistics companies that primarily focus on building passive load-board and listings, to match supply and demand. Waresix continues to tackle core logistical challenges by going beyond matching supply with demand through cultivating a managed-service ecosystem. This has positioned Waresix to address challenges and generate enduring solutions faced by its demand and supply partners.

Despite disruptions brought in by the COVID-19 pandemic, the company has continued to achieve remarkable results, with rapid growth in its first-mile and mid-mile trucking services while supporting the efficient flow of essential goods and the livelihoods of thousands of truck drivers across the country.

At its core, Waresix believes that logistics, being a major bottleneck in the fast-growing Indonesian economy, provides ample opportunity for innovation within the e-trucking sector. Furthermore, the Indonesian government continues to invest in the country’s physical infrastructure, which serves as further sector catalysts. With technology and a customer-first mindset deeply embedded in Waresix’s DNA, Waresix is well-placed to propel efficiency within Indonesia’s complex logistics ecosystem.

Andree Susanto, CEO of Waresix, said, "We are excited to on-board a group of high-quality long-term investors and partners that have committed to support Waresix in our journey to be the new engine for trade and commerce growth in Indonesia. The capital will be invested to develop the most robust logistics technology infrastructure in South East Asia, and further build out our world-class team to help us seize a large market opportunity."

Edwin Wibowo, CFO of Waresix said, "We are not just driven by technology, but also driven by a passion to solve real problems, and innovating via technology. We have proven this in the last two years, which is why our clients love us and our business has continued to scale until today."

About Waresix

Waresix is a tech-enabled platform offering logistics services and solutions to customers in a more efficient and economic manner. It connects shippers and businesses with available transporters, trucks and warehouse space across Indonesia, providing better transparency, quality of service, and improving income for asset owners. Its expansive ecosystem now reaches over 40,000 trucks and 375 warehouse operators across the archipelago.

The archipelagic makeup of Indonesia has resulted in one of the highest logistics costs in Asia, accounting for nearly a quarter of the country’s US$1 trillion gross domestic product (GDP). This high logistics cost not only hampers Indonesia’s industrial competitiveness but also adds to Indonesian SME’s cost of doing business. Waresix seeks to address challenges and generate enduring solutions for its supply and demand partners in the US$240 billion Indonesian logistics market.

You can read more about us at waresix.com

Photo – https://photos.prnasia.com/prnh/20200910/2912421-1-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200910/2912421-1-b?lang=0

Related Links :

http://waresix.com