LeddarTech’s Mobility Leadership Series takes the stage at Automotive Tech.AD in Berlin and Sensor Solutions 2019 International Conference in Brussels
QUEBEC CITY, Feb 26 (Bernama-GLOBE NEWSWIRE) -- LeddarTech, an industry leader providing the most versatile and scalable auto and mobility LiDAR platform, announces its participation at two European industry events in March as part of the LeddarTech Mobility Leadership Series. Pier-Olivier Hamel, Product Manager, will take center stage at Automotive Tech.AD Berlin, while Heinz Oyrer, Strategic Partnerships Director, will be presenting at the Sensor Solutions 2019 International Conference in Brussels.
Automotive Tech.AD Berlin
On March 11, 2019, in Berlin, Germany, Pier-Olivier Hamel, LeddarTech’s Product Manager – Automotive Solutions, will present Demystifying LiDAR Technology for Automotive AD Applications. Hamel will review the timeline for the integration of automotive LiDAR including the critical requirements, the key building blocks of LiDAR Systems, and their impact in fulfilling the needs of mass-market automotive-grade LiDARs. In this presentation, specific LiDAR business models will be discussed, with a focus on the benefits of a LiDAR platform approach.
Automotive Tech.AD Berlin is built to address the challenges of achieving full autonomy. As one of Europe’s leading knowledge exchange events, Automotive Tech.AD brings together over 350 stakeholders who are playing an active role in the vehicle automation scene.
“Technology has now taken center stage within the automotive industry. The rapid pace of innovation also brings some misconceptions on LiDAR technologies,” stated LeddarTech’s Pier-Olivier Hamel. “I look forward to shedding light on industry requirements and on key LiDAR enablers, as well as providing insights on LeddarTech’s platform model for LiDARs in automotive applications to the attendees of Tech.AD Berlin.”
Sensor Solutions 2019 International Conference
On March 26, 2019, in Brussels, Belgium, LeddarTech’s Strategic Partnerships Director, Heinz Oyrer, will address leading experts and executives in the sensor industry on how to Leverage Ecosystem Collaboration to Create a Versatile and Scalable LiDAR Solution. This session will discuss the advantages of a LiDAR platform model that enables multiple developers and integrators to design and produce customized, automotive-grade LiDAR solutions around a common software and hardware core (the LeddarEngine), rather than relying on generic, off-the-shelf LiDAR products. Mr. Oyrer will also explain how an ecosystem of world-class automotive suppliers provides prequalified sourcing options for components and software to use in the design of solid-state LiDARs, accelerating and simplifying the development and procurement processes, for the benefit of all stakeholders.
Sensor Solutions International is a two-day, high tech event where attendees will gain an up-to-date overview of the of the global sensor industry and related market opportunities. Sensor Solutions International is part of AngelTech, which brings together three conferences covering compound semiconductor, photonic integrated circuit, and sensor technologies.
“It is challenging for new technologies to be successful if they are built in isolation,” stated Heinz Oyrer, Strategic Partnerships Director at LeddarTech. “Bringing new LiDAR solutions from the concept stage to a commercial product requires a tremendous amount of expertise and resources. This can be quite challenging, particularly for small, emerging technology companies. Hence, an ecosystem collaboration of leading top-tier automotive suppliers is instrumental in the success of emerging LiDAR solutions in the future automotive industry” said Oyrer. I look forward to sharing our vision at Sensor Solutions 2019 International Conference in Brussels.”
About LeddarTech
LeddarTech is an industry leader providing the most versatile, scalable auto and mobility LiDAR platform based on the unique LeddarEngine, which consists of a suite of automotive-grade, functional safety certified SoCs working in tandem with LeddarSP signal processing software. The company is responsible for several innovations in cutting-edge mobility remote-sensing applications, its patented technologies enhancing ADAS and autonomous driving capabilities for automobiles, trucks, buses, delivery vehicles, robotaxis, shuttles, and more. Additional information about LeddarTech is accessible at www.leddartech.com, and on LinkedIn, Twitter, Facebook, and YouTube.
LeddarTech, Leddar, LeddarEngine, LeddarSP, and LeddarTech logos are trademarks or registered trademarks of LeddarTech Inc. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
Contact: Daniel Aitken, Vice-President of Marketing and Communications, LeddarTech
Tel.: +1-418-653-9000 ext. 232 Daniel.Aitken@Leddartech.com
Source : LeddarTech inc.
--BERNAMA
Thursday, February 28, 2019
HYTERA DEBUTS AT MWC BARCELONA 2019 WITH NEXT-GENERATION P-LTE CONVERGENCE COMMUNICATIONS SOLUTION
BARCELONA, Spain, Feb 26 (Bernama-BUSINESS WIRE) -- Hytera, a leading global provider of innovative Professional Mobile Radio (PMR) communications solutions, debuts at Mobile World Conference 2019 (MWC 2019) with its next-generation P-LTE convergence communications solution, including P-LTE Mission Critical Services (MCS) solution and a new PoC handset today in Barcelona, Spain.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190225005654/en/
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190225005654/en/
At MWC, Hytera showcased its capability of converging broadband and narrowband, public and private networks to provide next-generation on-demand communications solutions for public safety, emergency response, rail transit, airports, and the energy industry.
The Hytera P-LTE MCS solution complies with both LTE and MCS standards and consists of trunking terminals, base stations, evolved Trunking Core network (eTC), MCS trunking servers, network management and dispatch applications. The system features high QoS, low latency, backup, and redundancy to better secure data and its transmission.
Visitors were attracted to multiple trunking services, such as MCPTT calls, video uploading and distribution, video conferencing, and dynamic regrouping and were invited to experience how the Hytera MCS solution could be used in various scenarios.
Hytera also showcased a complete PoC solution over 2G, 3G, 4G and WiFi networks for customers, who can either buy additional hardware to build their own networks for private management, or rent cloud servers for flexible management. Hytera PoC radios are compatible with most on-market PoC solutions and adaptable to customized software. The Hytera innovative PoC solution interconnects both narrowband and broadband networks to ensure a seamless user experience on voice, call control and dispatch services.
In addition, the Cecoco integrated command and control solution and the emergency response solution were also shown in the booth.
“The demand for broadband and smart systems among industrial customers is setting the direction for the business.” Yelin Jiang, Executive VP at Hytera, said at the booth, “Hytera convergent communications solution can help customers merge into public networks and even the Internet, and enable customers to achieve successful business innovation and transformation with a rich set of smart available applications. Hytera would like to build wider partnerships in the ecosystem, and create greater value for industrial customers by leveraging its deep insight into the PMR industry, as well as Internet technologies and cloud services.”
About Hytera Communications
Hytera Communications Corporation Limited is a leading global provider of innovative Professional Mobile Radio (PMR) communications solutions that improve organizational efficiency and make the world safer. Founded in Shenzhen, China in 1993 and listed on the Shenzhen Stock Exchange (002583.SZ), Hytera has ten R&D centers around the world. Hytera serves customers in over 120 countries and regions, including government, public safety, utilities, transportation and enterprises. Sepura Group PLC (in UK) and its subsidiary Teltronic S.A.U. (in Spain) became a part of Hytera in May, and Norsat International Inc. (in Canada) and its Sinclair Division became part of Hytera in July 2017. For more information, please visit www.hytera.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190225005654/en/
Contact
Jean Shen
+86 755 26972999
jean.shen@hytera.com
Source : Hytera Communications Corporation Limited
--BERNAMA
The Hytera P-LTE MCS solution complies with both LTE and MCS standards and consists of trunking terminals, base stations, evolved Trunking Core network (eTC), MCS trunking servers, network management and dispatch applications. The system features high QoS, low latency, backup, and redundancy to better secure data and its transmission.
Visitors were attracted to multiple trunking services, such as MCPTT calls, video uploading and distribution, video conferencing, and dynamic regrouping and were invited to experience how the Hytera MCS solution could be used in various scenarios.
Hytera also showcased a complete PoC solution over 2G, 3G, 4G and WiFi networks for customers, who can either buy additional hardware to build their own networks for private management, or rent cloud servers for flexible management. Hytera PoC radios are compatible with most on-market PoC solutions and adaptable to customized software. The Hytera innovative PoC solution interconnects both narrowband and broadband networks to ensure a seamless user experience on voice, call control and dispatch services.
In addition, the Cecoco integrated command and control solution and the emergency response solution were also shown in the booth.
“The demand for broadband and smart systems among industrial customers is setting the direction for the business.” Yelin Jiang, Executive VP at Hytera, said at the booth, “Hytera convergent communications solution can help customers merge into public networks and even the Internet, and enable customers to achieve successful business innovation and transformation with a rich set of smart available applications. Hytera would like to build wider partnerships in the ecosystem, and create greater value for industrial customers by leveraging its deep insight into the PMR industry, as well as Internet technologies and cloud services.”
About Hytera Communications
Hytera Communications Corporation Limited is a leading global provider of innovative Professional Mobile Radio (PMR) communications solutions that improve organizational efficiency and make the world safer. Founded in Shenzhen, China in 1993 and listed on the Shenzhen Stock Exchange (002583.SZ), Hytera has ten R&D centers around the world. Hytera serves customers in over 120 countries and regions, including government, public safety, utilities, transportation and enterprises. Sepura Group PLC (in UK) and its subsidiary Teltronic S.A.U. (in Spain) became a part of Hytera in May, and Norsat International Inc. (in Canada) and its Sinclair Division became part of Hytera in July 2017. For more information, please visit www.hytera.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190225005654/en/
Contact
Jean Shen
+86 755 26972999
jean.shen@hytera.com
Source : Hytera Communications Corporation Limited
--BERNAMA
Wednesday, February 27, 2019
SYNTONIC RELEASES NEW MOBILE SERVICES IN ITS AWARD-WINNING REVENUE GENERATION PLATFORM
End-to-End Platform Enables Carriers to Generate More Revenue from Mobile Data and the App Economy
BARCELONA, Spain, Feb 25 (Bernama-BUSINESS WIRE) -- MOBILE WORLD CONGRESS -- Syntonic, a leading mobile technologies and services provider, today announced three new carrier services: the Syntonic Captive Portal™ for generating revenue from zero-balance customers; Syntonic Sponsored Web™ for enabling sponsored, data-free web access; and the Syntonic Mobile Commerce Suite™ for managing consumer online transactions using stored carrier credit and online wallets.
Syntonic’s award-winning software, services, and support span mobile advertising, content monetization, and online commerce. Syntonic provides the only end-to-end revenue generation platform that enables app publishers, content providers and advertisers to engage their audience and customers throughout their entire lifecycle.
“Mobile carriers are not participating in the ‘app-economy’, which is about twice the size of the mobile data business and growing substantially faster,” said Gary Greenbaum, Syntonic CEO. “With Syntonic’s new platform services, we can now provide carriers, content providers and advertisers with full out-of-the-box solutions to generate new revenue streams from engaged mobile subscribers.”
Syntonic’s new platform services include:
BARCELONA, Spain, Feb 25 (Bernama-BUSINESS WIRE) -- MOBILE WORLD CONGRESS -- Syntonic, a leading mobile technologies and services provider, today announced three new carrier services: the Syntonic Captive Portal™ for generating revenue from zero-balance customers; Syntonic Sponsored Web™ for enabling sponsored, data-free web access; and the Syntonic Mobile Commerce Suite™ for managing consumer online transactions using stored carrier credit and online wallets.
Syntonic’s award-winning software, services, and support span mobile advertising, content monetization, and online commerce. Syntonic provides the only end-to-end revenue generation platform that enables app publishers, content providers and advertisers to engage their audience and customers throughout their entire lifecycle.
“Mobile carriers are not participating in the ‘app-economy’, which is about twice the size of the mobile data business and growing substantially faster,” said Gary Greenbaum, Syntonic CEO. “With Syntonic’s new platform services, we can now provide carriers, content providers and advertisers with full out-of-the-box solutions to generate new revenue streams from engaged mobile subscribers.”
Syntonic’s new platform services include:
- Syntonic Captive Portal - a complete solution that enables mobile carriers and WiFi providers to generate revenue from customers without data plans. Prone to churn, zero-balance customers present a migration risk; with the Syntonic Captive Portal, they now become a revenue opportunity for carriers. Carriers and WiFi providers can now offer ad-supported access to select mobile Internet apps, websites and content. Syntonic’s Captive Portal provides access to all advertisers through any ad network.
- Syntonic Sponsored Web - an innovative technology that enables carriers to zero-rate any third-party website using the standard on-phone browser and facilitates a host of new and interesting sponsorship opportunities, such as ad-supported content access. Currently, consumers who visit data-free websites often discover that some of that usage actually counts against their data plan. This “data leakage” is due to limitations in existing network-only based technology solutions. Syntonic Sponsored Web, by contrast, eliminates data leakage and provides 100 percent revenue assurance without any modifications to browsers, web sites, or the carrier network. Importantly, carriers can also quickly setup and deploy campaigns and receive real-time campaign analytics at scale with Syntonic’s platform tools.
- Syntonic Mobile Commerce Suite (MCS) - A set of services including direct-carrier billing and integrated wallet that enable flexible payment models such as subscription and single-item transactions and in-app purchases. The Syntonic MCS reduces financial risk for the merchant and enables consumers to quickly, securely and easily purchase through their smartphones.
Please visit Syntonic at this year’s Mobile World Congress. Syntonic can be found in Hall 8.1 Stand 8.1A11 in the Fira Gran Via.
About Syntonic
Syntonic (ASX: SYT) unlocks the value of mobile data. Carriers worldwide use Syntonic’s easy-to-deploy Revenue Generation Platform to generate new income streams from mobile data and the app economy. Syntonic’s award-winning software, services, and support span mobile advertising, content monetization, online commerce, and expensive management for enterprises. Learn more at www.syntonic.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190224005102/en/
Contact
For media inquiries, please contact:
Pulse8 PR
Paul Lonnegren, 720-470-7488
plonnegren@pulse8pr.com
Source : Syntonic
--BERNAMA
About Syntonic
Syntonic (ASX: SYT) unlocks the value of mobile data. Carriers worldwide use Syntonic’s easy-to-deploy Revenue Generation Platform to generate new income streams from mobile data and the app economy. Syntonic’s award-winning software, services, and support span mobile advertising, content monetization, online commerce, and expensive management for enterprises. Learn more at www.syntonic.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190224005102/en/
Contact
For media inquiries, please contact:
Pulse8 PR
Paul Lonnegren, 720-470-7488
plonnegren@pulse8pr.com
Source : Syntonic
--BERNAMA
AM BEST AFFIRMS CREDIT RATINGS OF GUILD INSURANCE LIMITED
SINGAPORE, Feb 25 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Guild Insurance Limited (GIL) (Australia). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect GIL’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
GIL’s balance sheet strength is underpinned by its risk-adjusted capitalization, which AM Best expects to remain at the strongest level over the medium term, as measured by Best’s Capital Adequacy Ratio (BCAR). AM Best also views GIL as having a conservative investment strategy and a prudent reserving approach. While the company’s underwriting portfolio includes exposure to some medium-to-long tail liability products, the company maintains a buffer in held reserves notably above the regulatory imposed minimum, and has a track record of adequate reserving. Other balance sheet factors include the company’s modest absolute capital base and its limited financial flexibility given its ultimate ownership by a not-for-profit organization.
AM Best views GIL’s operating performance as adequate, as evidenced by a five-year average return on equity ratio of 6% (fiscal years 2014 to 2018). GIL’s combined ratio historically has been maintained at approximately 100%, reflecting a favorable loss ratio albeit offset by an elevated expense ratio when compared with the industry average. Overall earnings in the past five years remain supported by robust and generally stable investment returns.
GIL’s business profile is viewed as neutral. While the company is a small insurer in Australia’s non-life sector, with a market share of gross premiums below 1% in 2018, GIL is a leading provider of insurance protection to allied health professional associations. The company’s presence in this segment is supported by its direct access to members of its parent; The Pharmacy Guild of Australia, a national employers’ organization representing community pharmacies across Australia.
The company’s ERM is viewed as appropriate given the size and complexity of GIL’s operations.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190222005271/en/
Contact
Yi Ding
Financial Analyst
+65 6303 5021
yi.ding@ambest.com
Jason Shum
Associate Director, Analytics
+852 2827 3424
jason.shum@ambest.com
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Source : AM Best
--BERNAMA
The ratings reflect GIL’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
GIL’s balance sheet strength is underpinned by its risk-adjusted capitalization, which AM Best expects to remain at the strongest level over the medium term, as measured by Best’s Capital Adequacy Ratio (BCAR). AM Best also views GIL as having a conservative investment strategy and a prudent reserving approach. While the company’s underwriting portfolio includes exposure to some medium-to-long tail liability products, the company maintains a buffer in held reserves notably above the regulatory imposed minimum, and has a track record of adequate reserving. Other balance sheet factors include the company’s modest absolute capital base and its limited financial flexibility given its ultimate ownership by a not-for-profit organization.
AM Best views GIL’s operating performance as adequate, as evidenced by a five-year average return on equity ratio of 6% (fiscal years 2014 to 2018). GIL’s combined ratio historically has been maintained at approximately 100%, reflecting a favorable loss ratio albeit offset by an elevated expense ratio when compared with the industry average. Overall earnings in the past five years remain supported by robust and generally stable investment returns.
GIL’s business profile is viewed as neutral. While the company is a small insurer in Australia’s non-life sector, with a market share of gross premiums below 1% in 2018, GIL is a leading provider of insurance protection to allied health professional associations. The company’s presence in this segment is supported by its direct access to members of its parent; The Pharmacy Guild of Australia, a national employers’ organization representing community pharmacies across Australia.
The company’s ERM is viewed as appropriate given the size and complexity of GIL’s operations.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190222005271/en/
Contact
Yi Ding
Financial Analyst
+65 6303 5021
yi.ding@ambest.com
Jason Shum
Associate Director, Analytics
+852 2827 3424
jason.shum@ambest.com
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Source : AM Best
--BERNAMA
Tuesday, February 26, 2019
MHPS IS GLOBAL MARKET SHARE LEADER IN 2018 FOR HEAVY DUTY GAS TURBINES ACCORDING TO MCCOY REPORTS
J-Series reliability and efficiency propel MHPS to global leader
YOKOHAMA, Japan, Feb 22 (Bernama-BUSINESS WIRE) -- Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has achieved a major milestone in the global Power Generation sector, securing 2018 market share leadership in global orders for heavy duty gas turbines (100 MW and above). The result is based on data compiled by McCoy Reports, the premier reporting agency in the gas turbine market. This segment is the most closely watched by industry experts because it represents the most advanced technology and drives energy production globally.
MHPS market leadership was driven by the J-Series gas turbine and its industry-leading 64+% efficiency and 99.5% reliability. Globally, MHPS’ heavy duty turbines captured 41% global market share. For the largest gas turbines (post F-class and larger) MHPS had 49% global market share.
“Being the heavy duty gas turbine leader in this competitive market is validation of both our world-leading turbine technology and of our employees around the world who put our customer first,” said Kenji Ando, President & CEO of MHPS. “I'm proud that more customers are choosing us to provide reliable and efficient power, and I'm looking forward to MHPS continuing to lead a Change in Power.”
About Mitsubishi Hitachi Power Systems, Ltd.
Mitsubishi Hitachi Power Systems, Ltd. (MHPS), headquartered in Yokohama, Japan, is a joint venture formed in February 2014 by Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd. integrating their operations in thermal power generation systems and other related businesses. MHPS today ranks among the world’s leading suppliers of equipment and services to the power generation market, backed by 100 billion yen in capital and approximately 20,000 employees worldwide. The Company’s products include GTCC (gas turbine combined-cycle) and IGCC (integrated coal gasification combined-cycle) power plants, gas/coal/oil-fired (steam) power plants, boilers, generators, gas and steam turbines, geothermal power plants, AQCS (air quality control systems), power plant peripheral equipment and solid-oxide fuel cells (SOFC). For more information, please visit the Company's website at https://www.mhps.com
Contacts
PRESS CONTACT:
Mitsubishi Hitachi Power Systems, Ltd.
Naoya Kanamura, +81-(0)50-3779-4716
naoya_kanamura@mhps.com
Fax: +81-(0)45-200-7989
Source: Mitsubishi Hitachi Power Systems, Ltd.
View this news release and multimedia online at:
http://www.businesswire.com/news/home/20190221006086/en
--BERNAMA
http://www.businesswire.com/news/home/20190221006086/en
--BERNAMA
DTECT DERMA, GENETIC SCREENING FOR AESTHETIC HEALTHCARE
KUALA LUMPUR, Feb 26 (Bernama) -- Public-listed healthcare company, Malaysian Genomics Resource Centre Berhad (MGRC), and its subsidiary, pathology services company Clinipath (Malaysia) Sdn Bhd (Clinipath) today announced the availability of Dtect Derma, a comprehensive genetic screening test that examines key genes associated with aesthetics and skin health.
Dtect Derma offers an extensive profile of traits related to skin youthfulness and premature ageing. Skin youthfulness is dependent upon many biological factors including nutrient metabolism, cellular ageing, collagen homeostasis (including collagen production, integrity and turnover), hydration, and elasticity. Premature ageing of the skin can be caused by lower collagen production, lower hydration, loss of elasticity, thinning of the skin, and age-related discolouration among many other factors.
Although the environment plays an important role in skin health, genetics are also involved in modulating the body’s response to harmful environmental factors such as protection against UV radiation and photoaging. The results from advanced genetic screening tests such as Dtect Derma can identify predispositions to various causes of premature ageing which may be used by doctors and patients to personalise skin care regimes to prolong health and wellness.
MGRC and Clinipath continue to work together to make comprehensive pathology services, and the latest in genetic testing available to doctors with a view to improving the lives of patients in Malaysia and the region.
http://mrem.bernama.com/viewsm.php?idm=33867
Dtect Derma offers an extensive profile of traits related to skin youthfulness and premature ageing. Skin youthfulness is dependent upon many biological factors including nutrient metabolism, cellular ageing, collagen homeostasis (including collagen production, integrity and turnover), hydration, and elasticity. Premature ageing of the skin can be caused by lower collagen production, lower hydration, loss of elasticity, thinning of the skin, and age-related discolouration among many other factors.
Although the environment plays an important role in skin health, genetics are also involved in modulating the body’s response to harmful environmental factors such as protection against UV radiation and photoaging. The results from advanced genetic screening tests such as Dtect Derma can identify predispositions to various causes of premature ageing which may be used by doctors and patients to personalise skin care regimes to prolong health and wellness.
MGRC and Clinipath continue to work together to make comprehensive pathology services, and the latest in genetic testing available to doctors with a view to improving the lives of patients in Malaysia and the region.
http://mrem.bernama.com/viewsm.php?idm=33867
Monday, February 25, 2019
WLFC, FLYdocs breakthrough digitalisation takes flight in aviation industry
KUALA LUMPUR, Feb 21 (Bernama) -- Willis Lease Finance Corporation (WLFC) and the world’s most advanced aircraft data and records management platform, FLYdocs have jointly developed a pilot programme in the digital transformation of the aviation industry.
The programme demonstrates the use of blockchain technology on an open source data sharing platform for aircraft, engine and component records.
The cutting-edge development attempts to be the first real use of a blockchain and artificial intelligence (AI) solution for managing commercial aircraft, engines and component transitions.
The sharing economy created would present an opportunity to decentralise data exchange, eliminate silos and create a transparent environment for collaboration, with added-value distribution for airlines, industry partners, vendors, manufacturers and regulators.
Users of the platform can expect reduced friction in the transfer of assets, purchases, leases and aircraft sale.
WLFC chairman and chief executive officer (CEO), Charles F Willis said the fundamental goal of the project was to provide increased data integrity, record immutability and security to the aviation industry.
“Although Willis Lease and FLYdocs are acting as architects for the development of this communal platform, users will be able to access the wealth of data and resources autonomously,” he added.
Meanwhile, FLYdocs CEO, Andre Fischer said the immediate value proposition for airlines would be the reduction in working hours that were typically required to comply with lease and ownership transitions.
He expected airlines and data analysts to use the disruptive technology to drive significant efficiency gains in the maintenance, safety and aircraft security within the industry over the next decade.
WLFC leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repairs and overhauls providers in 120 countries.
-- BERNAMA
Friday, February 22, 2019
Robot war machine all fired up at IDEX 2019, courtesy Milrem Robotics, EOS
KUALA LUMPUR, Feb 20 (Bernama) -- European unmanned warfare systems developer, Milrem Robotics and Electro Optic Systems (EOS) have jointly brought lightweight 30mm lethality to the unmanned ground vehicle (UGV) market.
Exhibited at IDEX 2019 in Abu Dhabi, the weaponised warfare system features the THeMIS UGV equipped with the R400S – Mk2-HD (dual) RWS mounting 30mm ATK M23 LF cannon and a coaxial 7.62mm GPMG.
The remotely operated vehicle enhances a land force’s firepower; situational awareness due to advanced sensors; increases stand-off distance, and is especially, effective against light armoured vehicles.
According to a statement, the vehicle can also be equipped with autonomous functions used for area or perimeter patrolling for which the system will always be under the control of a human (man-in-the-loop).
“Due to the system’s light weight and size, our joint product can be rapidly deployed with mounted and/or dismounted units, requiring less logistical effort,” said Milrem Robotics chief executive officer, Kuldar Väärsi.
This is the first integration project for the two companies and the largest calibre cannon fitted to the THeMIS platform.
Milrem Robotics and EOS are planning to test-fire the system as soon as possible.
-- BERNAMA
BTS RECOGNIZED A TOP PLAYER IN ASSESSMENTS
SAN FRANCISCO, Feb 20 (Bernama-BUSINESS WIRE) -- BTS, a leading global strategy implementation firm, was recently named a Top 20 Assessment and Evaluation Company by Training Industry. This marks the 32nd award BTS received in 2018.
With decades of experience in the assessment and industrial/organizational psychology space, BTS has developed a strong research-backed point of view. BTS’ wide range of cutting-edge assessments combine traditional techniques like psychological tests and behavioral observation with customized leadership and business simulation exercises. 2018 innovations to BTS assessments include the incorporation of customized simulations to provide more realistic, “day-in-the-life” experiences, and fully digital capabilities, allowing assessments to be administered from both on-site and virtual/remote locations in an immersive, engaging, highly scalable environment. BTS has also developed a new approach to situational judgement tests, evaluating an employee’s behavioral judgements during the critical moments throughout the day.
Selection to the 2018 Training Industry Top 20™ Assessment and Evaluation Companies List was based on:
With decades of experience in the assessment and industrial/organizational psychology space, BTS has developed a strong research-backed point of view. BTS’ wide range of cutting-edge assessments combine traditional techniques like psychological tests and behavioral observation with customized leadership and business simulation exercises. 2018 innovations to BTS assessments include the incorporation of customized simulations to provide more realistic, “day-in-the-life” experiences, and fully digital capabilities, allowing assessments to be administered from both on-site and virtual/remote locations in an immersive, engaging, highly scalable environment. BTS has also developed a new approach to situational judgement tests, evaluating an employee’s behavioral judgements during the critical moments throughout the day.
Selection to the 2018 Training Industry Top 20™ Assessment and Evaluation Companies List was based on:
- Diversity of assessment capabilities
- Quality and innovativeness of evaluation techniques
- Company size and growth potential
- Quality and number of clients/users
- Awards, recognition and competitive differentiation
“At the core of these offerings are assessment and evaluation techniques, research and tools that enable organizations to react,” said Ken Taylor, president of Training Industry, Inc. “The companies included on this year’s Top Assessment and Evaluation Companies List provide assessments across all employee levels and use a variety of delivery modalities that enable better interaction and engagement with employees.”
“It is an honor to be named to Training Industry’s Top 20 Assessments and Evaluation Companies,” said Dr. Sandra Hartog, Partner and Head of BTS Assessments. “BTS has a wide range of solutions that can be used across the employee lifecycle, from selection to development at all levels. We are excited to continue developing new technologies and advancing these capabilities in the future.”
BTS Group AB
BTS is a global strategy execution firm headquartered in Stockholm, Sweden. We focus on the people side of strategy, working with leaders at all levels to help them make better decisions, convert those decisions to actions and deliver results. For over 30 years, we've been designing fun, powerful experiences that have lasting impact on people and their careers. It’s strategy made personal.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190219005820/en/
Contact
Rommin Adl
EVP, Marketing
rommin.adl@bts.com
+1 (203) 391-5223
Source : BTS
--BERNAMA
“It is an honor to be named to Training Industry’s Top 20 Assessments and Evaluation Companies,” said Dr. Sandra Hartog, Partner and Head of BTS Assessments. “BTS has a wide range of solutions that can be used across the employee lifecycle, from selection to development at all levels. We are excited to continue developing new technologies and advancing these capabilities in the future.”
BTS Group AB
BTS is a global strategy execution firm headquartered in Stockholm, Sweden. We focus on the people side of strategy, working with leaders at all levels to help them make better decisions, convert those decisions to actions and deliver results. For over 30 years, we've been designing fun, powerful experiences that have lasting impact on people and their careers. It’s strategy made personal.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190219005820/en/
Contact
Rommin Adl
EVP, Marketing
rommin.adl@bts.com
+1 (203) 391-5223
Source : BTS
--BERNAMA
Thursday, February 21, 2019
THE DELHI HIGH COURT IN INDIA HAS ISSUED AN INJUNCTION, RESTRAINING SINOPHARM WEIQIDA FROM EXPORTING ITS "AMOXYCILLIN TRIHYDRATE" PRODUCT TO INDIA, AS IT INFRINGES THE PATENT OF CENTRIENT PHARMACEUTICALS
The High Court also found Sinopharm Weiqida guilty of Contempt of Court for failing to follow the previously granted preliminary injunction order
ROTTERDAM, the Netherlands, Feb 19 (Bernama-GLOBE NEWSWIRE) --Centrient Pharmaceuticals (“Centrient”), the leading manufacturer of beta-lactam antibiotics, and a provider of next generation statins and anti-fungals, announced that the Delhi High Court in India has granted an injunction against Sinopharm Weiqida Pharmaceuticals and Sinopharm India, restricting the export and/or import into India of its active pharmaceutical ingredient (API) amoxicillin trihydrate. In addition, the Delhi High Court also found Sinopharm Weiqida prima facie guilty of contempt of Court for illegally importing amoxicillin active ingredients in contravention of the previously granted preliminary injunction in place in India since April 2017. The Court further found that Sinopharm Weiqida has infringed the patent of Centrient.
Centrient, and its wholly owned subsidiaries, Centrient Pharmaceuticals Netherlands B.V. and Centrient Pharmaceuticals India Pvt. Ltd., announced today that the Delhi High Court in India has granted an injunction against Sinopharm Weiqida Pharmaceutical Co., LTD ("Weiqida") blocking the export, importation and sale of its amoxicillin active ingredient into India. The injunction prevents the importation of Weiqida’s amoxicillin trihydrate active pharmaceutical ingredient in India in any form.
Weiqida was also found in contempt of the Delhi High Court’s original preliminary injunction order, granted in April 2017, through its continued importation and sale of its amoxicillin trihydrate active pharmaceutical ingredient in India. Centrient will seek monetary compensation for the damage sustained by the illegal shipments, in violation of the preliminary injunction since April 2017.
Centrient wishes to put all buyers of Weiqida’s amoxicillin trihydrate active pharmaceutical ingredient in India on notice (even if such API transits through India under advanced license) to be aware of the above orders of the Delhi High Court. Centrient shall ensure full compliance of the orders of the Delhi High Court and will notify the Indian Customs Authority and other authorities to seize all future Weiqida amoxicillin shipments at the relevant customs facilities.
Karl Rotthier, CEO at Centrient Pharmaceuticals said: “Centrient holds a world-class intellectual property portfolio relating to our innovative, sustainable and environmentally-friendly amoxicillin technology. We will continue to rigorously defend our Intellectual Property assets worldwide as we continue to invest in our innovative R&D programs directed to enzymatically produced, sustainable antimicrobials and statins. We will continue to supply our customers with reliable, non-infringing, top quality amoxicillin.”
About Centrient Pharmaceuticals
Centrient Pharmaceuticals is the leading manufacturer of beta-lactam antibiotics, and a provider of next generation statins and anti-fungals. We produce and sell intermediates, active pharmaceutical ingredients and finished dosage forms. We stand proudly at the centre of modern healthcare, as a maker of essential and life-saving medicines.
With our commitment to Quality, Reliability and Sustainability at the heart of everything we do, our 2700 employees work continuously to meet our customers’ needs. We work towards a sustainable future by actively participating in the fight against antimicrobial resistance.
Founded 150 years ago as the ‘Nederlandsche Gist- en Spiritusfabriek’, our company was known as Gist Brocades and more recently DSM Sinochem Pharmaceuticals. Headquartered in Rotterdam (the Netherlands), we have production facilities and sales offices in China, India, the Netherlands, Spain, Egypt, the United States and Mexico. Centrient Pharmaceuticals is wholly owned by Bain Capital Private Equity, a leading global private investment firm.
For more information please visit www.centrient.com or contact Centrient Pharmaceuticals Corporate Communications, Alice Beijersbergen, Director Branding & Communications. E-Mail: alice.beijersbergen@centrient.com
Source : Centrient Pharmaceuticals
--BERNAMA
ROTTERDAM, the Netherlands, Feb 19 (Bernama-GLOBE NEWSWIRE) --Centrient Pharmaceuticals (“Centrient”), the leading manufacturer of beta-lactam antibiotics, and a provider of next generation statins and anti-fungals, announced that the Delhi High Court in India has granted an injunction against Sinopharm Weiqida Pharmaceuticals and Sinopharm India, restricting the export and/or import into India of its active pharmaceutical ingredient (API) amoxicillin trihydrate. In addition, the Delhi High Court also found Sinopharm Weiqida prima facie guilty of contempt of Court for illegally importing amoxicillin active ingredients in contravention of the previously granted preliminary injunction in place in India since April 2017. The Court further found that Sinopharm Weiqida has infringed the patent of Centrient.
Centrient, and its wholly owned subsidiaries, Centrient Pharmaceuticals Netherlands B.V. and Centrient Pharmaceuticals India Pvt. Ltd., announced today that the Delhi High Court in India has granted an injunction against Sinopharm Weiqida Pharmaceutical Co., LTD ("Weiqida") blocking the export, importation and sale of its amoxicillin active ingredient into India. The injunction prevents the importation of Weiqida’s amoxicillin trihydrate active pharmaceutical ingredient in India in any form.
Weiqida was also found in contempt of the Delhi High Court’s original preliminary injunction order, granted in April 2017, through its continued importation and sale of its amoxicillin trihydrate active pharmaceutical ingredient in India. Centrient will seek monetary compensation for the damage sustained by the illegal shipments, in violation of the preliminary injunction since April 2017.
Centrient wishes to put all buyers of Weiqida’s amoxicillin trihydrate active pharmaceutical ingredient in India on notice (even if such API transits through India under advanced license) to be aware of the above orders of the Delhi High Court. Centrient shall ensure full compliance of the orders of the Delhi High Court and will notify the Indian Customs Authority and other authorities to seize all future Weiqida amoxicillin shipments at the relevant customs facilities.
Karl Rotthier, CEO at Centrient Pharmaceuticals said: “Centrient holds a world-class intellectual property portfolio relating to our innovative, sustainable and environmentally-friendly amoxicillin technology. We will continue to rigorously defend our Intellectual Property assets worldwide as we continue to invest in our innovative R&D programs directed to enzymatically produced, sustainable antimicrobials and statins. We will continue to supply our customers with reliable, non-infringing, top quality amoxicillin.”
About Centrient Pharmaceuticals
Centrient Pharmaceuticals is the leading manufacturer of beta-lactam antibiotics, and a provider of next generation statins and anti-fungals. We produce and sell intermediates, active pharmaceutical ingredients and finished dosage forms. We stand proudly at the centre of modern healthcare, as a maker of essential and life-saving medicines.
With our commitment to Quality, Reliability and Sustainability at the heart of everything we do, our 2700 employees work continuously to meet our customers’ needs. We work towards a sustainable future by actively participating in the fight against antimicrobial resistance.
Founded 150 years ago as the ‘Nederlandsche Gist- en Spiritusfabriek’, our company was known as Gist Brocades and more recently DSM Sinochem Pharmaceuticals. Headquartered in Rotterdam (the Netherlands), we have production facilities and sales offices in China, India, the Netherlands, Spain, Egypt, the United States and Mexico. Centrient Pharmaceuticals is wholly owned by Bain Capital Private Equity, a leading global private investment firm.
For more information please visit www.centrient.com or contact Centrient Pharmaceuticals Corporate Communications, Alice Beijersbergen, Director Branding & Communications. E-Mail: alice.beijersbergen@centrient.com
Source : Centrient Pharmaceuticals
--BERNAMA
Wednesday, February 20, 2019
INVESTORS REPAID IN EB5 CAPITAL'S 7TH AND 8TH PROJECTS, COMPLETING THEIR EB-5 INVESTMENT CYCLE
WASHINGTON, Feb 18 (Bernama-GLOBE NEWSWIRE) -- EB5 Capital announced today it has fully repaid eligible investors in its 7th and 8th projects, successfully completing their EB-5 investment process. The full investment amount has been returned to investors as they have completed their conditional residency period and applied for permanent resident status in the United States.
“The return of the full investment amount represents a strong and informed EB-5 investment decision on the part of our clients. We’re honored they would choose to make such an important investment with us,” said Angelique Brunner, EB5 Capital’s President.
Investors initially invested $500,000 into EB5 Capital’s Kensington Place of Redwood City or Riverfront at the Navy Yard/Dock 79 partnerships. Given the success of each project, the sponsors repaid the partnerships early. To meet the United States Citizenship and Immigration Services’ “at-risk” requirement, each partnership reinvested their funds into another EB5 Capital project. As these funds were returned, eligible investors received the return of their $500,000 investment.
“When it came to redeployment, I had complete trust and reliance on EB5 Capital,” said repaid EB5 Capital Investor, Suhail Chander. “I left it in the company’s hands and it was handled very well.”
"I'm happy to see my investment returned and a major hurdle in my EB-5 immigration process cleared," said Andrey Belitskiy, another repaid EB5 Capital Investor. "EB5 Capital is very knowledgeable and professional. I couldn't be happier about having chosen them as my regional center of choice."
About EB5 Capital
EB5 Capital is a leader in the EB-5 immigrant investor industry, raising foreign capital from investors in more than 55 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 25 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit http://www.eb5capital.com.
Contact:
Ben Carter
(202) 652-2437
media@eb5capital.com
Source : EB5 Capital Investments
--BERNAMA
“The return of the full investment amount represents a strong and informed EB-5 investment decision on the part of our clients. We’re honored they would choose to make such an important investment with us,” said Angelique Brunner, EB5 Capital’s President.
Investors initially invested $500,000 into EB5 Capital’s Kensington Place of Redwood City or Riverfront at the Navy Yard/Dock 79 partnerships. Given the success of each project, the sponsors repaid the partnerships early. To meet the United States Citizenship and Immigration Services’ “at-risk” requirement, each partnership reinvested their funds into another EB5 Capital project. As these funds were returned, eligible investors received the return of their $500,000 investment.
“When it came to redeployment, I had complete trust and reliance on EB5 Capital,” said repaid EB5 Capital Investor, Suhail Chander. “I left it in the company’s hands and it was handled very well.”
"I'm happy to see my investment returned and a major hurdle in my EB-5 immigration process cleared," said Andrey Belitskiy, another repaid EB5 Capital Investor. "EB5 Capital is very knowledgeable and professional. I couldn't be happier about having chosen them as my regional center of choice."
About EB5 Capital
EB5 Capital is a leader in the EB-5 immigrant investor industry, raising foreign capital from investors in more than 55 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 25 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit http://www.eb5capital.com.
Contact:
Ben Carter
(202) 652-2437
media@eb5capital.com
Source : EB5 Capital Investments
--BERNAMA
AM BEST AFFIRMS CREDIT RATINGS OF THE HOLLARD INSURANCE COMPANY PTY LTD
SINGAPORE, Feb 18 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of The Hollard Insurance Company Pty Ltd (HIC) (Australia). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect HIC’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
The company’s balance sheet strength assessment is underpinned by its unconsolidated risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), which is expected to improve to a very strong level in fiscal-year 2019. Over recent years, growth in underwriting operations at HIC has driven increasing capital requirements; however, a combination of capital injections and a hybrid debt issuance have aided to bolster capital adequacy and support planned business expansion. Other balance sheet considerations include the company’s robust financial flexibility, adequate reserving approach, reliance on reinsurance and its exposure to illiquid investments arising from equity holdings in affiliated underwriting agencies. AM Best’s balance sheet strength analysis also incorporates a neutral holding company impact following an assessment of consolidated risk-adjusted capitalization at HIC’s immediate parent, Hollard Holdings Australia Pty Ltd. (HHA).
AM Best views HIC’s operating performance as adequate. On an unconsolidated basis, the company has reported operating profits in each of the past five years (fiscal-years 2014-2018), with an average return on equity ratio of 5.7%. The company’s equity holdings in strategic and associated underwriting agencies have supported robust, albeit variable, investment returns, which are a key driver of overall earnings at present. HIC’s combined ratio has exhibited an improving trend over recent years, although it has remained marginally loss-making in fiscal-year 2018. As HIC only prepares financial statements on an unconsolidated basis, HHA’s consolidated performance also has been considered as part of the operating performance assessment. HHA consolidates the operations of HIC as well as all of its majority held strategic investments in underwriting agencies.
AM Best assesses HIC’s business profile as neutral. The company has grown to be one of the top 10 non-life insurers in Australia, based on gross written premiums, albeit occupying a modest market share of 2% in 2018. HIC maintains a strong market position in certain niche segments, including the pet insurance sector. The company continues to target high growth over the medium term, supported by its business model of establishing strategic partnerships with a network of distributors and underwriting agencies.
AM Best considers HIC’s ERM as appropriate given the size and complexity of the company’s operations.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190215005292/en/
Contact
Yi Ding
Financial Analyst
+65 6303 5021
yi.ding@ambest.com
Jason Shum
Associate Director, Analytics
+852 2827 3424
jason.shum@ambest.com
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Source : AM Best
--BERNAMA
The ratings reflect HIC’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
The company’s balance sheet strength assessment is underpinned by its unconsolidated risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), which is expected to improve to a very strong level in fiscal-year 2019. Over recent years, growth in underwriting operations at HIC has driven increasing capital requirements; however, a combination of capital injections and a hybrid debt issuance have aided to bolster capital adequacy and support planned business expansion. Other balance sheet considerations include the company’s robust financial flexibility, adequate reserving approach, reliance on reinsurance and its exposure to illiquid investments arising from equity holdings in affiliated underwriting agencies. AM Best’s balance sheet strength analysis also incorporates a neutral holding company impact following an assessment of consolidated risk-adjusted capitalization at HIC’s immediate parent, Hollard Holdings Australia Pty Ltd. (HHA).
AM Best views HIC’s operating performance as adequate. On an unconsolidated basis, the company has reported operating profits in each of the past five years (fiscal-years 2014-2018), with an average return on equity ratio of 5.7%. The company’s equity holdings in strategic and associated underwriting agencies have supported robust, albeit variable, investment returns, which are a key driver of overall earnings at present. HIC’s combined ratio has exhibited an improving trend over recent years, although it has remained marginally loss-making in fiscal-year 2018. As HIC only prepares financial statements on an unconsolidated basis, HHA’s consolidated performance also has been considered as part of the operating performance assessment. HHA consolidates the operations of HIC as well as all of its majority held strategic investments in underwriting agencies.
AM Best assesses HIC’s business profile as neutral. The company has grown to be one of the top 10 non-life insurers in Australia, based on gross written premiums, albeit occupying a modest market share of 2% in 2018. HIC maintains a strong market position in certain niche segments, including the pet insurance sector. The company continues to target high growth over the medium term, supported by its business model of establishing strategic partnerships with a network of distributors and underwriting agencies.
AM Best considers HIC’s ERM as appropriate given the size and complexity of the company’s operations.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190215005292/en/
Contact
Yi Ding
Financial Analyst
+65 6303 5021
yi.ding@ambest.com
Jason Shum
Associate Director, Analytics
+852 2827 3424
jason.shum@ambest.com
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Source : AM Best
--BERNAMA
Tuesday, February 19, 2019
Another toy story: Russ Berrie eyes global playground with Kellytoy partnership
KUALA LUMPUR, Feb 15 (Bernama) -- Another toy story in the making to make someone happy.
Zag Toys, LLC, an affiliate of Jazwares LLC has formed a partnership with Kellytoy (manufacturer and distributor of plush toys and pet products) for its wholly owned-brand, Russ Berrie worldwide.
The partnership will continue the 50-plus year legacy of the Russ Berrie brand, positioning it globally as the premier plush brand on retail shelves in Fall 2019 with Kellytoy to market the brand through its worldwide distribution channels.
“By leveraging Russ Berrie and its reputation for quality and commitment to (live up to its slogan) ‘Make Someone Happy’ with Kellytoy’s global footprint, we’ll secure placement in retailers worldwide, putting Russ Berrie in the forefront of today’s plush presence at retail,” said Jazwares chief executive officer (CEO) and president, Judd Zebersky.
Meanwhile, Kellytoy CEO, Jonathan Kelly said the partnership benefitted both companies as Russ Berrie products would complement Kellytoy plush toy lines while its global distribution strength enabled the brand to penetrate new markets.
The companies will work closely on branding and product strategy to focus on both innovation and fan favourites.
The Fall 2019 Russ Berrie line will feature, but not be limited to Li’l Peepers, Yomiko Classics, Petooties Pets, MeBears, Russ Baby, Russ Trends, Russ Pet, as well as seasonal offerings (adorable plush lines for every holiday).
Jazwares is a subsidiary of Alleghany Capital Corporation, a global leader in consumer products including toys, plush, collectibles, musical instruments and consumer electronics. Details are available on https://www.jazwares.com.
-- BERNAMA
Zag Toys, LLC, an affiliate of Jazwares LLC has formed a partnership with Kellytoy (manufacturer and distributor of plush toys and pet products) for its wholly owned-brand, Russ Berrie worldwide.
The partnership will continue the 50-plus year legacy of the Russ Berrie brand, positioning it globally as the premier plush brand on retail shelves in Fall 2019 with Kellytoy to market the brand through its worldwide distribution channels.
“By leveraging Russ Berrie and its reputation for quality and commitment to (live up to its slogan) ‘Make Someone Happy’ with Kellytoy’s global footprint, we’ll secure placement in retailers worldwide, putting Russ Berrie in the forefront of today’s plush presence at retail,” said Jazwares chief executive officer (CEO) and president, Judd Zebersky.
Meanwhile, Kellytoy CEO, Jonathan Kelly said the partnership benefitted both companies as Russ Berrie products would complement Kellytoy plush toy lines while its global distribution strength enabled the brand to penetrate new markets.
The companies will work closely on branding and product strategy to focus on both innovation and fan favourites.
The Fall 2019 Russ Berrie line will feature, but not be limited to Li’l Peepers, Yomiko Classics, Petooties Pets, MeBears, Russ Baby, Russ Trends, Russ Pet, as well as seasonal offerings (adorable plush lines for every holiday).
Jazwares is a subsidiary of Alleghany Capital Corporation, a global leader in consumer products including toys, plush, collectibles, musical instruments and consumer electronics. Details are available on https://www.jazwares.com.
-- BERNAMA
Friday, February 15, 2019
PRIVITAR LAUNCHES A NEW OFFICE IN SINGAPORE TO FURTHER ITS GLOBAL FOOTPRINT
· Privitar’s new Asia Pacific hub confirms its growing expansion in the APAC market.
· It will allow the company to support the thriving demand for data privacy technology across the region.
SINGAPORE, Feb 13 (Bernama-BUSINESS WIRE) -- Privacy engineering firm Privitar today announced the opening of its Singapore office to support the APAC region. Over the last year, the company has rapidly expanded in response to the growing demand for software products employing leading privacy enhancing techniques. Privitar is leading the development of innovative, ethical data use with an uncompromising approach to data privacy. Its software helps eliminate the threat of advanced privacy attacks and protects data using the latest privacy techniques. Gartner recognised Privitar in its September 2018 Cool Vendors in Banking report.
The firm works with leading public and private sector organisations and has recently secured a strategic investment from Citi made public on Monday 10th December. Citi is joining existing Privitar’s shareholders, Partech, Salesforce Ventures, CME Ventures, Illuminate Financial Management and IQ Capital. Since its launch in 2014, Privitar has operated across industries (including financial services, telecommunications, pharmaceutical and government) and has secured high profile customers in the FTSE100, including NHS Digital.
Tho Yeong Chien, Executive Director of the APAC region, Privitar, commented: “Organisations in Asia are waking up to the importance of data privacy. International regulation, combined with a growing mistrust of those who handle our information, is shaping how we use, share and handle data.
We have the ability to get incredibly valuable insights from advanced analytics and machine learning, but to really do so, we have got to treat data responsibly.
This is a really good time for us to focus and educate the market on the importance of data privacy, and I’m personally very excited to be part of Privitar, leading the business for Privitar in Singapore.”
Jason du Preez, CEO of Privitar, commented: “As we can see with increasing regulations around the world, data privacy is now a global concern. In the process of responding to the demands of global markets for privacy software solutions, it is paramount that we are on the ground in strategic regions to serve our customers effectively. Our new office in Singapore will help us achieve this goal.”
ENDS
About Privitar
Privitar provides data-privacy software to companies and public sector organisations around the world to protect sensitive data and enable ethical data analysis. Privitar's software accelerates and automates the provision of privacy-preserving data, helping customers extract more business value from their data, generate data-driven insights, and drive innovation.
Privitar was established in 2014 with headquarters in London and offices in New York and Paris. The company raised $16m in a Series A funding round in July 2017, with support from existing investors IQ Capital, 24Haymarket and Illuminate Financial and new funding from Partech Ventures, CME Ventures and Salesforce Ventures.
Privitar hosts an annual community event -In:Confidence- with luminary privacy experts and commentators and contributes regularly to the public discourse on privacy matters. You can read and subscribe to the latest news and opinions from Privitar here.
For more information, please visit www.privitar.com
Source: Gartner, Cool Vendors in Banking, Don Free, Stessa Cohen, Ali Merji, Nicole Sturgill, 18 September 2018.
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190212005644/en/
Contact
For further information
Clementine Boyer Duroselle
Privitar press team
cboyerduroselle@privitar.com
+44 7990043982
Source : Privitar
--BERNAMA
· It will allow the company to support the thriving demand for data privacy technology across the region.
SINGAPORE, Feb 13 (Bernama-BUSINESS WIRE) -- Privacy engineering firm Privitar today announced the opening of its Singapore office to support the APAC region. Over the last year, the company has rapidly expanded in response to the growing demand for software products employing leading privacy enhancing techniques. Privitar is leading the development of innovative, ethical data use with an uncompromising approach to data privacy. Its software helps eliminate the threat of advanced privacy attacks and protects data using the latest privacy techniques. Gartner recognised Privitar in its September 2018 Cool Vendors in Banking report.
The firm works with leading public and private sector organisations and has recently secured a strategic investment from Citi made public on Monday 10th December. Citi is joining existing Privitar’s shareholders, Partech, Salesforce Ventures, CME Ventures, Illuminate Financial Management and IQ Capital. Since its launch in 2014, Privitar has operated across industries (including financial services, telecommunications, pharmaceutical and government) and has secured high profile customers in the FTSE100, including NHS Digital.
Tho Yeong Chien, Executive Director of the APAC region, Privitar, commented: “Organisations in Asia are waking up to the importance of data privacy. International regulation, combined with a growing mistrust of those who handle our information, is shaping how we use, share and handle data.
We have the ability to get incredibly valuable insights from advanced analytics and machine learning, but to really do so, we have got to treat data responsibly.
This is a really good time for us to focus and educate the market on the importance of data privacy, and I’m personally very excited to be part of Privitar, leading the business for Privitar in Singapore.”
Jason du Preez, CEO of Privitar, commented: “As we can see with increasing regulations around the world, data privacy is now a global concern. In the process of responding to the demands of global markets for privacy software solutions, it is paramount that we are on the ground in strategic regions to serve our customers effectively. Our new office in Singapore will help us achieve this goal.”
ENDS
About Privitar
Privitar provides data-privacy software to companies and public sector organisations around the world to protect sensitive data and enable ethical data analysis. Privitar's software accelerates and automates the provision of privacy-preserving data, helping customers extract more business value from their data, generate data-driven insights, and drive innovation.
Privitar was established in 2014 with headquarters in London and offices in New York and Paris. The company raised $16m in a Series A funding round in July 2017, with support from existing investors IQ Capital, 24Haymarket and Illuminate Financial and new funding from Partech Ventures, CME Ventures and Salesforce Ventures.
Privitar hosts an annual community event -In:Confidence- with luminary privacy experts and commentators and contributes regularly to the public discourse on privacy matters. You can read and subscribe to the latest news and opinions from Privitar here.
For more information, please visit www.privitar.com
Source: Gartner, Cool Vendors in Banking, Don Free, Stessa Cohen, Ali Merji, Nicole Sturgill, 18 September 2018.
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190212005644/en/
Contact
For further information
Clementine Boyer Duroselle
Privitar press team
cboyerduroselle@privitar.com
+44 7990043982
Source : Privitar
--BERNAMA
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