Wednesday, March 27, 2019
Monday, March 25, 2019
SEE RTLS LEADER AND INNOVATOR SONITOR® AT AHCW19 - BOOTH DZ33
Sonitor, the global leader in ultrasound-based indoor positioning, showcases live and interactive demonstrations of its industry leading Sense™ and Forkbeard™ platforms for routine and advanced healthcare use cases in hospital and Aged Care settings
SYDNEY, March 25 (Bernama-BUSINESS WIRE) -- Sonitor Technologies Inc., the first and only provider of ultrasound technology for Real-Time Location Systems (RTLS) and Indoor Positioning Systems (IPS), will be exhibiting at the 2019 Australian Health Care Week (AHCW) Conference and Exhibition, March 27-28, 2019 in Sydney, Australia. AHCW is the largest HealthCare event in the Southern Hemisphere and the largest gathering of healthcare professionals in Australia.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190325005136/en/
Sonitor thrives on RTLS innovation and pushing technology limits. Whether it’s consistently and reliably delivering accuracy from zone to chair level with its Sense technology or with its newest breakthrough technology, Forkbeard, Sonitor is at the forefront of innovation. Compatible with iOS, Android and Windows, Forkbeard transforms smart devices (phones, tablets, etc.) to ‘be the tag’ and delivers 100 times more accuracy then BLE (Bluetooth® Low Energy) enabling wayfinding and workflow applications with unprecedented accuracy. During the conference, attendees will have the opportunity to experience Sonitor’s technologies through live and interactive demonstrations.
“We are excited about attending AHCW as this is the first time our technology will be demonstrated publicly in the Asia Pacific region. This event will provide us with the opportunity to provide live demonstrations that showcase the positive impact our unique, ultrasound-based technology will have on both healthcare and aged-care facilities today and in the future,” said Murray Robinson, Vice-President - Asia and Pacific, Sonitor Technologies, Inc. “We have had a tremendous response to Forkbeard since our market introduction at HIMMS2018. Healthcare industry leaders confirm that this is a major technology breakthrough that will help transform healthcare and other markets.”
Powered by Sonitor’s open integration RTLS platform, Sense and Forkbeard are complementary technologies that integrate with a wide variety of leading third-party software solutions and smart devices significantly enhancing use cases such as asset management, patient flow, workflow, nurse call, wayfinding as well as staff and patient assist.
To learn more please visit Sonitor at AHCW19, Both DZ33.
About Sonitor
Sonitor® is the leading provider and innovator of accurate and reliable ultrasound-based Real Time Location Systems (RTLS) and Indoor Positioning Systems (IPS). As the first and only company to use proprietary ultrasound technology as the primary technology for indoor positioning, Sonitor’s Sense™ and Forkbeard™ platforms work seamlessly together to help users accurately navigate indoor environments and determine the real-time location of people, smart devices (phones, laptop, tablets, etc.) and moveable equipment. Deployable across hospitals, clinics, hotels, airports, restaurants and more around the world, Sonitor’s technology can increase productivity, reduce costs and improve personal experiences and the quality of life. Visit www.sonitor.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190325005136/en/
Contact
Sonitor
Beth Reilly, 877-477-9767
Director, Global Marketing
beth.reilly@sonitor.com
Source : Sonitor
--BERNAMA
SYDNEY, March 25 (Bernama-BUSINESS WIRE) -- Sonitor Technologies Inc., the first and only provider of ultrasound technology for Real-Time Location Systems (RTLS) and Indoor Positioning Systems (IPS), will be exhibiting at the 2019 Australian Health Care Week (AHCW) Conference and Exhibition, March 27-28, 2019 in Sydney, Australia. AHCW is the largest HealthCare event in the Southern Hemisphere and the largest gathering of healthcare professionals in Australia.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190325005136/en/
Sonitor thrives on RTLS innovation and pushing technology limits. Whether it’s consistently and reliably delivering accuracy from zone to chair level with its Sense technology or with its newest breakthrough technology, Forkbeard, Sonitor is at the forefront of innovation. Compatible with iOS, Android and Windows, Forkbeard transforms smart devices (phones, tablets, etc.) to ‘be the tag’ and delivers 100 times more accuracy then BLE (Bluetooth® Low Energy) enabling wayfinding and workflow applications with unprecedented accuracy. During the conference, attendees will have the opportunity to experience Sonitor’s technologies through live and interactive demonstrations.
“We are excited about attending AHCW as this is the first time our technology will be demonstrated publicly in the Asia Pacific region. This event will provide us with the opportunity to provide live demonstrations that showcase the positive impact our unique, ultrasound-based technology will have on both healthcare and aged-care facilities today and in the future,” said Murray Robinson, Vice-President - Asia and Pacific, Sonitor Technologies, Inc. “We have had a tremendous response to Forkbeard since our market introduction at HIMMS2018. Healthcare industry leaders confirm that this is a major technology breakthrough that will help transform healthcare and other markets.”
Powered by Sonitor’s open integration RTLS platform, Sense and Forkbeard are complementary technologies that integrate with a wide variety of leading third-party software solutions and smart devices significantly enhancing use cases such as asset management, patient flow, workflow, nurse call, wayfinding as well as staff and patient assist.
To learn more please visit Sonitor at AHCW19, Both DZ33.
About Sonitor
Sonitor® is the leading provider and innovator of accurate and reliable ultrasound-based Real Time Location Systems (RTLS) and Indoor Positioning Systems (IPS). As the first and only company to use proprietary ultrasound technology as the primary technology for indoor positioning, Sonitor’s Sense™ and Forkbeard™ platforms work seamlessly together to help users accurately navigate indoor environments and determine the real-time location of people, smart devices (phones, laptop, tablets, etc.) and moveable equipment. Deployable across hospitals, clinics, hotels, airports, restaurants and more around the world, Sonitor’s technology can increase productivity, reduce costs and improve personal experiences and the quality of life. Visit www.sonitor.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190325005136/en/
Contact
Sonitor
Beth Reilly, 877-477-9767
Director, Global Marketing
beth.reilly@sonitor.com
Source : Sonitor
--BERNAMA
MOVAD, IDOOH drive for strategic Vietnam collaboration
KUALA LUMPUR, March 22 (Bernama) -- Vietnam-based startup pioneering in-car interactive advertisement, MOVAD Joint Stock Company (MOVAD) and IDOOH will engage in holistic cooperation in Vietnam.
According to the inked memorandum of understanding, IDOOH agrees to provide MOVAD with necessary infrastructures to operate its business activities broken down in phases.
In using IDOOH’s infrastructures, MOVAD will pay the fee to the largest network of in-vehicle screens in Asia Pacific.
Both parties have agreed to engage in cooperative activities to harmonise and improve the products to pursue long-term, mutually beneficial cooperation in the future.
MOVAD chief executive officer (CEO), Quan Nguyen said MOVAD was one of the most advanced in-car advertising platforms in the market, especially with facial recognition technology and an interactive ability for audiences.
“In long term, we aim to use the highest potential of IDOOH's infrastructure to maximise both parties’ benefits and continue investing in technology to create competitive strength for the alliance,” Nguyen said.
Meanwhile, IDOOH CEO, Mark Forsyth said with experience developing in-vehicle advertisement in different markets in ASEAN, the company believed the strategic cooperation would help build a strong, highly competitive out-of-home channel for advertisers in the region.
-- BERNAMA
According to the inked memorandum of understanding, IDOOH agrees to provide MOVAD with necessary infrastructures to operate its business activities broken down in phases.
In using IDOOH’s infrastructures, MOVAD will pay the fee to the largest network of in-vehicle screens in Asia Pacific.
Both parties have agreed to engage in cooperative activities to harmonise and improve the products to pursue long-term, mutually beneficial cooperation in the future.
MOVAD chief executive officer (CEO), Quan Nguyen said MOVAD was one of the most advanced in-car advertising platforms in the market, especially with facial recognition technology and an interactive ability for audiences.
“In long term, we aim to use the highest potential of IDOOH's infrastructure to maximise both parties’ benefits and continue investing in technology to create competitive strength for the alliance,” Nguyen said.
Meanwhile, IDOOH CEO, Mark Forsyth said with experience developing in-vehicle advertisement in different markets in ASEAN, the company believed the strategic cooperation would help build a strong, highly competitive out-of-home channel for advertisers in the region.
-- BERNAMA
PIVOT FINTECH GETS CAPITAL MARKETS SERVICES LICENSE FROM THE MONETARY AUTHORITY OF SINGAPORE
License to allow launch of direct-to-consumer, AI-driven wealth management services
SINGAPORE, March 25 (Bernama-BUSINESS WIRE) -- PIVOT Fintech Pte. Ltd. (“PIVOT”), the digital wealth management technology services venture backed by Pintec Technology Holdings Ltd. (“PINTEC”; NASDAQ: PT) and FWD Group announced today that it has been granted a Capital Markets Services (“CMS”) license by the Monetary Authority of Singapore (MAS).
PIVOT’s CMS license, which comes after the recently published MAS Guidelines on the Provision of Digital Advisory Services on 8 October 2018, allows the company to offer AI-driven investment services directly to retail clients.
“This significant Singapore milestone marks the start of PIVOT’s ambition to deliver innovative wealth management solutions in Southeast Asia,” said PIVOT CEO Victor Lye, who created PIVOT’s proprietary gamified risk profiling analytics to drive financial inclusiveness.
PIVOT’s core shareholder, PINTEC, has proven technology and expertise in delivering AI-driven global asset allocation and money management services to financial institutions in the highly competitive China market. By integrating PIVOT’s proprietary risk profiling analytics and client onboarding portal with PINTEC’s AI technology, PIVOT has developed its own end-to-end digital investment management service powered by machine learning AI.
PIVOT’s consumer brand is “SquirrelSave”, which designs asset allocation solutions using AI-driven real-time model portfolios comprised of Exchange-Traded Funds (“ETFs”) and 24x7 analytics, always managed according to the specified risk profile of each investor.
“Machine learning AI can track and predict real-time investment risk-return outcomes more efficiently than humans. SquirrelSave can address the risk management needs of existing investors and the unmet needs of the unserved and underserved, with professionalism, integrity, value, objectivity and transparency,” said Victor Lye. “PIVOT’s entry into the consumer space with this CMS license supports our vision of financial inclusiveness through constructive disruption and supports Singapore’s vision to be a fintech innovation hub.”
Strategically, PIVOT will bridge PINTEC’s extensive AI-driven experience in China and Singapore’s fintech development. A near-term goal is for PIVOT to train a local AI talent pool in collaboration with Singapore educational institutions.
PINTEC’s AI-driven asset allocation system is branded “POLARIS” in China. Launched in June 2016, POLARIS has successfully implemented machine learning AI platforms for mainstream Chinese financial institutions such as Minsheng Securities, Bank of Zhengzhou, and Guoyuan Securities.
“At PINTEC, we are very pleased to support PIVOT’s growth in Singapore with our asset allocation algorithms that have passed rigorous testing and regulatory compliance standards to meet the growing demand for low cost, transparent and risk-managed long-term investment portfolios,” said Zheng Yudong, CEO of PINTEC’s Wealth Management Business.
“As a core shareholder, PINTEC is excited at the opportunities offered by the CMS license in Singapore and will continue to support PIVOT in its mission to offer digital wealth management technology services powered by artificial intelligence and machine learning throughout Southeast Asia.”
About PIVOT Fintech
Singapore-based PIVOT Fintech was launched in Oct 2017 by corporate entrepreneur Victor Lye and the PINTEC Group (www.pintec.com) to offer B2B & B2C digital wealth management technology services throughout Southeast Asia powered by AI and machine learning. PIVOT is PINTEC’s first venture outside of China and is also backed by the FWD Group which owns a pan-Asia life insurer, and angel investors.
For more information, please visit www.pivotfintech.com
About PINTEC
PINTEC is a leading independent technology platform enabling financial services in China. By connecting business and financial partners on its open platform, PINTEC enables them to provide financial services to end users efficiently and effectively. The Company offers its partners a full suite of customized solutions, ranging from point-of-sale financing, personal installment loans, business installment loans, to wealth management and insurance products. Leveraging its scalable and reliable technology infrastructure, PINTEC serves a wide range of industry verticals covering online travel, e-commerce, telecommunications, online education, SaaS platforms, financial technology, internet search, and online classifieds and listings; as well as various types of financial partners including banks, brokers, insurance companies, investment funds and trusts, consumer finance companies, peer-to-peer platforms and other similar institutions.
For more information, please visit www.pintec.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190324005011/en/
Contact
Media:
PINTEC
Annie He
Phone：+86 (10) 8564-3436
yini.he@pintec.com
ICR Inc.
Edmond Lococo
Phone: +86 (10) 6583-7510
Edmond.Lococo@icrinc.com
Source : PIVOT Fintech Pte. Ltd.
--BERNAMA
SINGAPORE, March 25 (Bernama-BUSINESS WIRE) -- PIVOT Fintech Pte. Ltd. (“PIVOT”), the digital wealth management technology services venture backed by Pintec Technology Holdings Ltd. (“PINTEC”; NASDAQ: PT) and FWD Group announced today that it has been granted a Capital Markets Services (“CMS”) license by the Monetary Authority of Singapore (MAS).
PIVOT’s CMS license, which comes after the recently published MAS Guidelines on the Provision of Digital Advisory Services on 8 October 2018, allows the company to offer AI-driven investment services directly to retail clients.
“This significant Singapore milestone marks the start of PIVOT’s ambition to deliver innovative wealth management solutions in Southeast Asia,” said PIVOT CEO Victor Lye, who created PIVOT’s proprietary gamified risk profiling analytics to drive financial inclusiveness.
PIVOT’s core shareholder, PINTEC, has proven technology and expertise in delivering AI-driven global asset allocation and money management services to financial institutions in the highly competitive China market. By integrating PIVOT’s proprietary risk profiling analytics and client onboarding portal with PINTEC’s AI technology, PIVOT has developed its own end-to-end digital investment management service powered by machine learning AI.
PIVOT’s consumer brand is “SquirrelSave”, which designs asset allocation solutions using AI-driven real-time model portfolios comprised of Exchange-Traded Funds (“ETFs”) and 24x7 analytics, always managed according to the specified risk profile of each investor.
“Machine learning AI can track and predict real-time investment risk-return outcomes more efficiently than humans. SquirrelSave can address the risk management needs of existing investors and the unmet needs of the unserved and underserved, with professionalism, integrity, value, objectivity and transparency,” said Victor Lye. “PIVOT’s entry into the consumer space with this CMS license supports our vision of financial inclusiveness through constructive disruption and supports Singapore’s vision to be a fintech innovation hub.”
Strategically, PIVOT will bridge PINTEC’s extensive AI-driven experience in China and Singapore’s fintech development. A near-term goal is for PIVOT to train a local AI talent pool in collaboration with Singapore educational institutions.
PINTEC’s AI-driven asset allocation system is branded “POLARIS” in China. Launched in June 2016, POLARIS has successfully implemented machine learning AI platforms for mainstream Chinese financial institutions such as Minsheng Securities, Bank of Zhengzhou, and Guoyuan Securities.
“At PINTEC, we are very pleased to support PIVOT’s growth in Singapore with our asset allocation algorithms that have passed rigorous testing and regulatory compliance standards to meet the growing demand for low cost, transparent and risk-managed long-term investment portfolios,” said Zheng Yudong, CEO of PINTEC’s Wealth Management Business.
“As a core shareholder, PINTEC is excited at the opportunities offered by the CMS license in Singapore and will continue to support PIVOT in its mission to offer digital wealth management technology services powered by artificial intelligence and machine learning throughout Southeast Asia.”
About PIVOT Fintech
Singapore-based PIVOT Fintech was launched in Oct 2017 by corporate entrepreneur Victor Lye and the PINTEC Group (www.pintec.com) to offer B2B & B2C digital wealth management technology services throughout Southeast Asia powered by AI and machine learning. PIVOT is PINTEC’s first venture outside of China and is also backed by the FWD Group which owns a pan-Asia life insurer, and angel investors.
For more information, please visit www.pivotfintech.com
About PINTEC
PINTEC is a leading independent technology platform enabling financial services in China. By connecting business and financial partners on its open platform, PINTEC enables them to provide financial services to end users efficiently and effectively. The Company offers its partners a full suite of customized solutions, ranging from point-of-sale financing, personal installment loans, business installment loans, to wealth management and insurance products. Leveraging its scalable and reliable technology infrastructure, PINTEC serves a wide range of industry verticals covering online travel, e-commerce, telecommunications, online education, SaaS platforms, financial technology, internet search, and online classifieds and listings; as well as various types of financial partners including banks, brokers, insurance companies, investment funds and trusts, consumer finance companies, peer-to-peer platforms and other similar institutions.
For more information, please visit www.pintec.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190324005011/en/
Contact
Media:
PINTEC
Annie He
Phone：+86 (10) 8564-3436
yini.he@pintec.com
ICR Inc.
Edmond Lococo
Phone: +86 (10) 6583-7510
Edmond.Lococo@icrinc.com
Source : PIVOT Fintech Pte. Ltd.
--BERNAMA
CARRIER AQUAEDGE 19DV MARKS A CUMULATIVE COOLING CAPACITY MILESTONE
SHANGHAI, China, March 25 (Bernama-GLOBE NEWSWIRE) -- Carrier AquaEdge 19DV centrifugal chillers sold in the Asia Pacific region have achieved a cumulative cooling capacity of 42,000 RT since their launching in December 2016. With its excellent efficiency, performance and adaptability, this flagship product has a footprint in more than 10 countries, including Singapore, Australia, China, Malaysia, and India. It is sought after by customers and serves a variety of segments, such as data centers, hotels, hospitals, office buildings and commercial complexes.
The success of the AquaEdge 19DV relies on maintaining efficiency and reliability without compromising a commitment to environmental efficiency through ground-breaking technologies. These technologies include the two-stage compressor and oil-free bearing system solution. Its adoption of the environmentally sustainable refrigerant PUREtec R1233zd(E), a non-flammable and non-toxic solution with an ultra-low global warming potential (GWP) of 1.34 (1,000 times lower than R134a) represents Carrier’s persistent pursuit of making the world a better place to live. In Singapore, 19DV chillers are in service in buildings granted seven platinum awards and two gold+ awards under the Green Mark Scheme.
“We take pride in the efforts invested to develop the AquaEdge 19DV. As always, customer satisfaction determines a successful product,” said Tony Teng, product manager, Commercial HVAC, Carrier, Asia Pacific. “We were gratified upon learning that one of our customers expressed overwhelming satisfaction on the ability of 19DV machines to ramp up very quickly to normal operating conditions, after an unexpected power outage. We are excited that our 19DV machines continue to exceed customer expectations in the field with their advanced technology and world class quality.”
Customer satisfaction as a constant factor in a product’s success is echoed by Ravi Kumar, director, marketing, Commercial HVAC, Carrier, Asia Pacific, who said “When positive feedback is combined with a solid pipeline of AquaEdge 19DV series, it provides us the confidence required to continue to bring our customers an even greater experience in the future.”
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3c503cbd-e02d-4120-b00f-9be9a811a31d
About Carrier
Founded by the inventor of modern air conditioning, Carrier is a world leader in high-technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy-efficient products, building controls and energy services for residential, commercial, retail, transport and food service customers. Carrier’s HVAC business is a part of Carrier, a leading global provider of innovative HVAC, refrigeration, fire, security and building automation technologies. For more information, visit www.carrier.com or follow @Carrier on Twitter.
The success of the AquaEdge 19DV relies on maintaining efficiency and reliability without compromising a commitment to environmental efficiency through ground-breaking technologies. These technologies include the two-stage compressor and oil-free bearing system solution. Its adoption of the environmentally sustainable refrigerant PUREtec R1233zd(E), a non-flammable and non-toxic solution with an ultra-low global warming potential (GWP) of 1.34 (1,000 times lower than R134a) represents Carrier’s persistent pursuit of making the world a better place to live. In Singapore, 19DV chillers are in service in buildings granted seven platinum awards and two gold+ awards under the Green Mark Scheme.
“We take pride in the efforts invested to develop the AquaEdge 19DV. As always, customer satisfaction determines a successful product,” said Tony Teng, product manager, Commercial HVAC, Carrier, Asia Pacific. “We were gratified upon learning that one of our customers expressed overwhelming satisfaction on the ability of 19DV machines to ramp up very quickly to normal operating conditions, after an unexpected power outage. We are excited that our 19DV machines continue to exceed customer expectations in the field with their advanced technology and world class quality.”
Customer satisfaction as a constant factor in a product’s success is echoed by Ravi Kumar, director, marketing, Commercial HVAC, Carrier, Asia Pacific, who said “When positive feedback is combined with a solid pipeline of AquaEdge 19DV series, it provides us the confidence required to continue to bring our customers an even greater experience in the future.”
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3c503cbd-e02d-4120-b00f-9be9a811a31d
About Carrier
Founded by the inventor of modern air conditioning, Carrier is a world leader in high-technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy-efficient products, building controls and energy services for residential, commercial, retail, transport and food service customers. Carrier’s HVAC business is a part of Carrier, a leading global provider of innovative HVAC, refrigeration, fire, security and building automation technologies. For more information, visit www.carrier.com or follow @Carrier on Twitter.
Contact: Vivien Gong +86 21 2306 3294 Vivien.gong@carrier.utc.com |
Source: Carrier
--BERNAMA
AM BEST AFFIRMS CREDIT RATINGS OF ENERGAS INSURANCE (L) LIMITED
SINGAPORE, March 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 Energas Insurance (L) Limited (Energas) (Malaysia). The outlook of these Credit Ratings (ratings) is stable. Energas is the sole captive insurer of Petroliam Nasional Berhad (Petronas), Malaysia’s national oil and gas company.
The ratings reflect Energas’ balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). In addition, the ratings factor a neutral impact from the company’s 100% ownership and integration with Petronas.
AM Best expects Energas’ risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), to remain at the strongest level over the medium term, supported by its low underwriting leverage and a conservative investment approach. A partially offsetting balance sheet factor is the company’s reliance on third-party reinsurance to enable it to underwrite large limit risks and appropriately manage its aggregate exposures.
Energas has a track record of strong operating performance, with a five-year average combined ratio that is below 60% and a return on equity ratio of 11% (2013-2017). Underwriting performance remains subject to volatility dependent on large loss experience, as well as arising from changes in capital expenditure and operational activity at the parent, Petronas, which drives shifts in absolute premium generation at Energas. The company’s low operating costs and steady stream of reinsurance commission income have contributed to the company’s overall profitability. Prospective results are subject to volatility in claims experience, as Energas provides large policy limits compared with its premium income. However, this should be moderated partially by the captive’s comprehensive reinsurance program.
Energas is well-integrated within the Petronas group’s risk management framework and has an active role in overseeing and containing the group’s insurance costs. Energas has a developed ERM framework, with clear risk appetite and tolerance levels in place.
AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.
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/20190322005254/en/
Contact
Faith Tan
Financial Analyst
+65 6303 5017
faith.tan@ambest.com
Myles Gould
Associate Director, Analytics
+65 6303 5020
myles.gould@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 Energas’ balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). In addition, the ratings factor a neutral impact from the company’s 100% ownership and integration with Petronas.
AM Best expects Energas’ risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), to remain at the strongest level over the medium term, supported by its low underwriting leverage and a conservative investment approach. A partially offsetting balance sheet factor is the company’s reliance on third-party reinsurance to enable it to underwrite large limit risks and appropriately manage its aggregate exposures.
Energas has a track record of strong operating performance, with a five-year average combined ratio that is below 60% and a return on equity ratio of 11% (2013-2017). Underwriting performance remains subject to volatility dependent on large loss experience, as well as arising from changes in capital expenditure and operational activity at the parent, Petronas, which drives shifts in absolute premium generation at Energas. The company’s low operating costs and steady stream of reinsurance commission income have contributed to the company’s overall profitability. Prospective results are subject to volatility in claims experience, as Energas provides large policy limits compared with its premium income. However, this should be moderated partially by the captive’s comprehensive reinsurance program.
Energas is well-integrated within the Petronas group’s risk management framework and has an active role in overseeing and containing the group’s insurance costs. Energas has a developed ERM framework, with clear risk appetite and tolerance levels in place.
AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.
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/20190322005254/en/
Contact
Faith Tan
Financial Analyst
+65 6303 5017
faith.tan@ambest.com
Myles Gould
Associate Director, Analytics
+65 6303 5020
myles.gould@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
Friday, March 22, 2019
LUCIDWORKS ANNOUNCES EXCLUSIVE KOREAN DISTRIBUTOR AGREEMENT WITH TOBESOFT
| AI-powered search provider Lucidworks continues expansion into APAC, announces strategic partnership with Korean low-code development platform leader, Tobesoft SAN FRANCISCO and HONG KONG, March 19 (Bernama-GLOBE NEWSWIRE) -- Lucidworks, the leader in AI-powered search applications, announces their first distributor agreement in APAC with Korean low-code development platform, Tobesoft. Tobesoft is now the sole distributor in Korea of Lucidworks Fusion, a development platform for teams to design, build, and deploy powerful search and data applications. Both companies view this as a strategic partnership to further develop solutions for more intelligent digital commerce and the emerging digital workplace, as well as other AI-powered offerings for the enterprise market. In the past nine months, Lucidworks has doubled their team in preparation for global growth and expansion, including the hire of Robert Lau, Chief Operating Officer of APAC and Global Emerging Markets, and a new office in Hong Kong. Lucidworks approached Tobesoft, a leader in the APAC region, for their expertise and familiarity in the rapidly growing Korean market. Tobesoft’s flagship product, Nexacro, owns 60% market share in Korea with customers that include Samsung and Hyundai. This impressive low code development platform enables developers to quickly create both websites and applications simultaneously to build powerful user experiences. “Many customers are afraid of approaching AI or ML and consider them difficult or even impossible to implement in their current operations,” explains Tobesoft Vice Chairman, Mun-Young Lee. “Lucidworks is able to deliver AI that is both powerful and user friendly by reducing many of the underlying complications of machine learning that us non-data scientists fear. Bringing together Lucidworks’ AI expertise and our own UI/UX capabilities, we have the opportunity to bring next generation enterprise solutions to our customers. We’re looking forward to growing our relationship beyond vendor-distributor to create better solutions in industries such as digital commerce and the digital workplace.” Korea is one of the most advanced digital economies globally. Data from Export Enterprises ranks Korea’s e-commerce market 7th largest in the world and 3rd largest in the Asia-Pacific region. Tobesoft views the digital commerce market as one of their largest target sectors and sees Lucidworks’ experience in delivering world-class solutions for companies such as REI and Lowe’s as a major asset for creating value for the customers who are competing in the crowded retail space. Both companies are dedicated to building solutions that create a better experience for users through understanding their behavior, frustrations, and goals to provide intelligent results that are both easy to understand and relevant. “As we look towards the future of Lucidworks, APAC will have a central role in our growth plans,” explain Lucidworks CEO, Will Hayes. “In order to repeat the success that we’ve had in North America, we need to build partnerships with the most strategic folks in the region. Tobesoft’s market share, vision, and understanding of the value of the enterprise solution market makes them an incredible partner for us. This isn’t just a distributorship, it’s a strategic partnership that will boost the development capabilities of both companies.” About Lucidworks Lucidworks builds search-driven solutions for some of the world's largest brands. Fusion, Lucidworks' advanced development platform, provides the enterprise-grade capabilities needed to design, develop, and deploy intelligent search apps at any scale. Companies across all industries, from consumer retail and healthcare to insurance and financial services, rely on Lucidworks everyday to power their consumer-facing and enterprise search apps. Lucidworks' investors include Shasta Ventures, Granite Ventures, and Walden International. www.lucidworks.com About Tobesoft Tobesoft Co., Ltd. is a producer of enterprise-grade UI/UX development platform based in Seoul, South Korea, with over 4000 customer references. The Company was incorporated in July 2000 and in June 2010 became the first in its industry to become listed on the KOSDAQ market. Tobesoft independently develops various solutions, providing customized services that optimize the business user experience for each customer. Backed by its distinctive technology and with its continuous efforts in improving product and service qualities, Tobesoft has steadily maintained its position as leader in its industry. Contact Information Katie Florez PR Manager 513-470-7253 katie.florez@lucidworks.com Contact Information Roy Seong Manager of Lucidworks Business Group +82-2-2140-7756 roy@tobesoft.com Source: Lucidworks --BERNAMA |
KYOWA KIRIN ASIA PACIFIC ANNOUNCES ESTABLISHMENT OF SUBSIDIARY IN AUSTRALIA
TOKYO, March 18 (Bernama-BUSINESS WIRE) -- Kyowa Kirin Asia Pacific Pte. Ltd. (President: Chikakuni Kotani, Kyowa Kirin Asia Pacific), a wholly owned subsidiary of Kyowa Hakko Kirin Co., Ltd. (President & COO: Masashi Miyamoto, Kyowa Hakko Kirin), announces it has established an Australian subsidiary, named Kyowa Kirin Australia Pty Ltd (Kyowa Kirin Australia). With the establishment of Kyowa Kirin Australia, Kyowa Kirin Asia Pacific aims to launch Kyowa Hakko Kirin’s global strategic products in the country.
“It is our pleasure to announce we have incorporated our subsidiary in Australia,” said Chikakuni Kotani, President of Kyowa Kirin Asia Pacific. “It was announced last month that Kyowa Kirin Group will be shifting to a new global management structure under the “One Kyowa Kirin” policy. Kyowa Kirin Group will be organized into four regions: North America, EMEA, Asia Pacific and Japan, and business expansion will be accelerated globally. This is Kyowa Kirin Asia Pacific’s first entry into Oceania and we are excited about the future possibilities. We believe Kyowa Kirin Australia will contribute to the health and well-being of patients and families in Australia.”
http://mrem.bernama.com/viewsm.php?idm=34054
“It is our pleasure to announce we have incorporated our subsidiary in Australia,” said Chikakuni Kotani, President of Kyowa Kirin Asia Pacific. “It was announced last month that Kyowa Kirin Group will be shifting to a new global management structure under the “One Kyowa Kirin” policy. Kyowa Kirin Group will be organized into four regions: North America, EMEA, Asia Pacific and Japan, and business expansion will be accelerated globally. This is Kyowa Kirin Asia Pacific’s first entry into Oceania and we are excited about the future possibilities. We believe Kyowa Kirin Australia will contribute to the health and well-being of patients and families in Australia.”
http://mrem.bernama.com/viewsm.php?idm=34054
TOMMY HILFIGER CALLS ON SOCIAL ENTREPRENEURS TO TAKE ON THE TOMMY HILFIGER FASHION FRONTIER CHALLENGE
AMSTERDAM, March 21 (Bernama-BUSINESS WIRE) -- Tommy Hilfiger, which is owned by PVH Corp. [NYSE: PVH], is pleased to announce that year two applications for the Tommy Hilfiger Fashion Frontier Challenge are now open. The global program aims to support entrepreneurial start-up and scale-up stage businesses developing solutions that promote inclusive and positive change in fashion. After a successful first year, the company is excited to continue to work on identifying opportunities that support the advancement of the fashion industry.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190321005068/en/
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190321005068/en/
“The first chapter of this global initiative was an inspiring journey that put a spotlight on incredible ideas that could change the lives of people through a more positive and inclusive fashion landscape,” said Tommy Hilfiger. “Through the Tommy Hilfiger Fashion Frontier Challenge we continue to mentor and support social entrepreneurs who are putting their heart and soul into addressing issues they strongly believe in. This celebrates the entrepreneurial spirit and determined optimism at the heart of our brand DNA.”
Interested businesses are invited to submit project proposals that focus on inclusive fashion. Over a multi-stage four-month process, applicants will be narrowed down to six finalists who will be invited to develop their project plans with the support of a team of dedicated Tommy Hilfiger subject-matter experts at the Campus of the Future in Amsterdam, the Netherlands. They will pitch their finalized concepts at the global Tommy Hilfiger Fashion Frontier Challenge Final Event in early 2020, where a prestigious jury panel will award €150,000 among two winners to support their ventures. The winners will also receive a year-long mentorship with Tommy Hilfiger’s experts globally as well as INSEAD experts, in addition to a place on the INSEAD Social Entrepreneurship Program (ISEP). An additional €10,000 will be awarded to the finalist who wins the “Audience Favorite Vote”.
The Final Event of the first Challenge took place in January 2019, with an expert celebrity Jury Panel that included Mr. Tommy Hilfiger; model and activist, Arizona Muse; CEO, Tommy Hilfiger Global and PVH Europe, Daniel Grieder; CFO and COO, Tommy Hilfiger Global and PVH Europe, Martijn Hagman; Founding Partner, Social Impact Venture, Willemijn Verloop; Full Professor and Chair of Social Entrepreneurship at Católica-Lisbon and visiting Professor at INSEAD, Filipe Santos; and Managing Director, Fashion for Good, Katrin Ley. A total of €210,000 was awarded by the Jury Panel among the three winners, including Selina Wamucii, doctHERs and Auf Augenhoehe.
Tommy Hilfiger’s mission is to be one of the leading sustainable designer lifestyle companies through how it creates its product, manages its operations, and connects with its communities and stakeholders. More information about Tommy Hilfiger’s sustainable evolution can be found on: http://global.tommy.com/int/en/about/corporate-responsibility/16
Applications are open from March 21, 2019 to May 12, 2019 and can be submitted here.
More information about the Tommy Hilfiger Fashion Frontier Challenge, including how to apply, is available here:http://global.tommy.com/int/en/about/corporate-responsibility/16
Friends and followers of the brand are invited to join the conversation on social media using #TommyHilfiger, #FashionFrontierChallenge, #MakeNewPossible and @TommyHilfiger.
About Tommy Hilfiger
With a brand portfolio that includes TOMMY HILFIGER and TOMMY JEANS, Tommy Hilfiger is one of the world’s most recognized premium designer lifestyle groups. Its focus is designing and marketing high-quality men’s tailored clothing and sportswear, women’s collection apparel and sportswear, kidswear, denim collections, underwear (including robes, sleepwear and loungewear), footwear and accessories. Through select licensees, Tommy Hilfiger offers complementary lifestyle products such as eyewear, watches, fragrance, swimwear, socks, small leather goods, home goods and luggage. The TOMMY JEANS product line consists of jeanswear and footwear for men and women, accessories, and fragrance. Merchandise under the TOMMY HILFIGER and TOMMY JEANS brands is available to consumers worldwide through an extensive network of TOMMY HILFIGER and TOMMY JEANS retail stores, leading specialty and department stores, select online retailers, and at tommy.com.
About PVH Corp.
With a history going back over 135 years, PVH has excelled at growing brands and businesses with rich American heritages, becoming one of the largest apparel companies in the world. We have over 36,000 associates operating in over 40 countries and nearly $9 billion in annual revenues. We own the iconic CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, IZOD,ARROW, Speedo*, Warner’s, Olga and Geoffrey Beene brands, as well as the digital-centric True & Co. intimates brand, and market a variety of goods under these and other nationally and internationally known owned and licensed brands.
*The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International Limited.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190321005068/en/
Contact
Tommy Hilfiger Contact
Baptiste Blanc
Sr. Director, Global Communications
E-mail: Baptiste.Blanc@tommy.com
Tel: +31 62904 2334
Source : Tommy Hilfiger
--BERNAMA
Interested businesses are invited to submit project proposals that focus on inclusive fashion. Over a multi-stage four-month process, applicants will be narrowed down to six finalists who will be invited to develop their project plans with the support of a team of dedicated Tommy Hilfiger subject-matter experts at the Campus of the Future in Amsterdam, the Netherlands. They will pitch their finalized concepts at the global Tommy Hilfiger Fashion Frontier Challenge Final Event in early 2020, where a prestigious jury panel will award €150,000 among two winners to support their ventures. The winners will also receive a year-long mentorship with Tommy Hilfiger’s experts globally as well as INSEAD experts, in addition to a place on the INSEAD Social Entrepreneurship Program (ISEP). An additional €10,000 will be awarded to the finalist who wins the “Audience Favorite Vote”.
The Final Event of the first Challenge took place in January 2019, with an expert celebrity Jury Panel that included Mr. Tommy Hilfiger; model and activist, Arizona Muse; CEO, Tommy Hilfiger Global and PVH Europe, Daniel Grieder; CFO and COO, Tommy Hilfiger Global and PVH Europe, Martijn Hagman; Founding Partner, Social Impact Venture, Willemijn Verloop; Full Professor and Chair of Social Entrepreneurship at Católica-Lisbon and visiting Professor at INSEAD, Filipe Santos; and Managing Director, Fashion for Good, Katrin Ley. A total of €210,000 was awarded by the Jury Panel among the three winners, including Selina Wamucii, doctHERs and Auf Augenhoehe.
Tommy Hilfiger’s mission is to be one of the leading sustainable designer lifestyle companies through how it creates its product, manages its operations, and connects with its communities and stakeholders. More information about Tommy Hilfiger’s sustainable evolution can be found on: http://global.tommy.com/int/en/about/corporate-responsibility/16
Applications are open from March 21, 2019 to May 12, 2019 and can be submitted here.
More information about the Tommy Hilfiger Fashion Frontier Challenge, including how to apply, is available here:http://global.tommy.com/int/en/about/corporate-responsibility/16
Friends and followers of the brand are invited to join the conversation on social media using #TommyHilfiger, #FashionFrontierChallenge, #MakeNewPossible and @TommyHilfiger.
About Tommy Hilfiger
With a brand portfolio that includes TOMMY HILFIGER and TOMMY JEANS, Tommy Hilfiger is one of the world’s most recognized premium designer lifestyle groups. Its focus is designing and marketing high-quality men’s tailored clothing and sportswear, women’s collection apparel and sportswear, kidswear, denim collections, underwear (including robes, sleepwear and loungewear), footwear and accessories. Through select licensees, Tommy Hilfiger offers complementary lifestyle products such as eyewear, watches, fragrance, swimwear, socks, small leather goods, home goods and luggage. The TOMMY JEANS product line consists of jeanswear and footwear for men and women, accessories, and fragrance. Merchandise under the TOMMY HILFIGER and TOMMY JEANS brands is available to consumers worldwide through an extensive network of TOMMY HILFIGER and TOMMY JEANS retail stores, leading specialty and department stores, select online retailers, and at tommy.com.
About PVH Corp.
With a history going back over 135 years, PVH has excelled at growing brands and businesses with rich American heritages, becoming one of the largest apparel companies in the world. We have over 36,000 associates operating in over 40 countries and nearly $9 billion in annual revenues. We own the iconic CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, IZOD,ARROW, Speedo*, Warner’s, Olga and Geoffrey Beene brands, as well as the digital-centric True & Co. intimates brand, and market a variety of goods under these and other nationally and internationally known owned and licensed brands.
*The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International Limited.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190321005068/en/
Contact
Tommy Hilfiger Contact
Baptiste Blanc
Sr. Director, Global Communications
E-mail: Baptiste.Blanc@tommy.com
Tel: +31 62904 2334
Source : Tommy Hilfiger
--BERNAMA
VALIDATED WITH MICROSOFT SKYPE FOR BUSINESS, PATTON DELIVERS CLOUD-POWERED INTEGRATION
SmartNode™ VoIP gateways and eSBCs, validated by TekVizion, integrate legacy telephony, ALL-IP communications—or both concurrently—with Skype for Business
SmartNode™ VoIP… More than Just Talk!
GAITHERSBURG, Md., March 19 (Bernama-GLOBE NEWSWIRE) -- Patton—US-based enabling solutions provider for unified communications (UC), UC-as-a-service (UCaaS) and Cloud—now announces all SmartNode VoIP products version 3.X—including Virtual SmartNode (vSN)—are validated for interoperability with Skype for Business (SfB).
SmartNode products are validated by TekVizion, a Microsoft-certified lab, in the SBC and enhanced gateway categories, and are forward compatible with Microsoft Teams.
>>Certificate of Validation: Patton SBC/Gateway 3.X
Patton Cloud edge orchestration service makes it extra easy to activate, configure and manage the SmartNode-enabled connection with on-premise or hosted Skype for Business.
In addition to enabling enterprise transition to ALL-IP using SfB, Patton’s VoIP CPE products also support co-existing legacy telephony systems—during migration, or forever.
"Executives know effective communication with customers, partners, and employees is key to sustainable growth," said Robert R. Patton (Bobby), President and CEO.
“Still, countless organizations operate today using traditional Key System or TDM PBX voice communications. With validated interoperability with Skype for Business, Patton empowers those businesses to connect to the IP world, delivering increased mobility, enhanced teamwork, heightened customer engagement, and higher productivity,” Mr. Patton said.
By installing SmartNode VoIP gateways and enterprise session border controllers (eSBCs), organizations can reap the cost-savings and productivity benefits of SfB UC and UCaaS solutions while preserving investments in working analog or digital PBX and fax equipment, phones, speakers, intercoms, and paging systems—and without sacrificing traditional PSTN connectivity.
Known as the world’s “most interoperable” VoIP CPE, SmartNode offers all the standard telephony interfaces, so companies can seamlessly interconnect their hybrid or ALL- IP networks, existing FXS/FXO POTS services, ISDN BRI/PRI lines, and otherwise incompatible SIP telephony systems to SfB.
Mr. Patton continues: “By providing universal access to the high-powered SfB unified communications and collaboration (UCC) platform, Patton provides increased mobility, enhanced teamwork, heightened customer engagement, and higher productivity for enterprises.”
To facilitate trouble-free installation, Patton has published a free SfB Configuration Guide for SmartNode Products .
In related news, as Microsoft opens its first data centers in Africa, Patton has appointed two new leaders to expand operations in EMEA.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e9e5ba97-b119-447f-8fa8-faf3072dcd5d
Media Contact: Glendon Flowers | +1 301 975 1000 | press@patton.com
Source: Patton Electronics Co.
--BERNAMA
SmartNode™ VoIP… More than Just Talk!
GAITHERSBURG, Md., March 19 (Bernama-GLOBE NEWSWIRE) -- Patton—US-based enabling solutions provider for unified communications (UC), UC-as-a-service (UCaaS) and Cloud—now announces all SmartNode VoIP products version 3.X—including Virtual SmartNode (vSN)—are validated for interoperability with Skype for Business (SfB).
SmartNode products are validated by TekVizion, a Microsoft-certified lab, in the SBC and enhanced gateway categories, and are forward compatible with Microsoft Teams.
>>Certificate of Validation: Patton SBC/Gateway 3.X
Patton Cloud edge orchestration service makes it extra easy to activate, configure and manage the SmartNode-enabled connection with on-premise or hosted Skype for Business.
In addition to enabling enterprise transition to ALL-IP using SfB, Patton’s VoIP CPE products also support co-existing legacy telephony systems—during migration, or forever.
"Executives know effective communication with customers, partners, and employees is key to sustainable growth," said Robert R. Patton (Bobby), President and CEO.
“Still, countless organizations operate today using traditional Key System or TDM PBX voice communications. With validated interoperability with Skype for Business, Patton empowers those businesses to connect to the IP world, delivering increased mobility, enhanced teamwork, heightened customer engagement, and higher productivity,” Mr. Patton said.
By installing SmartNode VoIP gateways and enterprise session border controllers (eSBCs), organizations can reap the cost-savings and productivity benefits of SfB UC and UCaaS solutions while preserving investments in working analog or digital PBX and fax equipment, phones, speakers, intercoms, and paging systems—and without sacrificing traditional PSTN connectivity.
Known as the world’s “most interoperable” VoIP CPE, SmartNode offers all the standard telephony interfaces, so companies can seamlessly interconnect their hybrid or ALL- IP networks, existing FXS/FXO POTS services, ISDN BRI/PRI lines, and otherwise incompatible SIP telephony systems to SfB.
Mr. Patton continues: “By providing universal access to the high-powered SfB unified communications and collaboration (UCC) platform, Patton provides increased mobility, enhanced teamwork, heightened customer engagement, and higher productivity for enterprises.”
To facilitate trouble-free installation, Patton has published a free SfB Configuration Guide for SmartNode Products .
In related news, as Microsoft opens its first data centers in Africa, Patton has appointed two new leaders to expand operations in EMEA.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e9e5ba97-b119-447f-8fa8-faf3072dcd5d
Media Contact: Glendon Flowers | +1 301 975 1000 | press@patton.com
Source: Patton Electronics Co.
--BERNAMA
HUANYU ENTERTAINMENT AND TVB JOINED FORCES ONCE AGAIN FOR THE NEW TV SERIES COURT LADY, WHICH ATTRACTS GLOBAL ATTENTION
HONG KONG, March 20 (Bernama-GLOBE NEWSWIRE) -- At 10:00 on March 18th, at the FILMART 2019 held by HKTDC, Huanyu Entertainment and TVB reached a cooperation for copyright of the new TV series Court Lady, produced by Huanyu Entertainment. Yu Zheng, the gold medal producer, would be the chief producer and artistic director. At the scene, Le Yang, the co-founder and CEO of Huanyu Entertainment, signed a copyright cooperation agreement with Felix To Chi Hak, Deputy General Manager of TVB. Meanwhile, starring Yitong Li and Kai Xu appeared together and shared interesting stories with the audience, which triggered a great response. In addition, a set of poster with the texture of Tang Dynasty paintings were released for the first time, in which the starring styles of Rou Fu (Yitong Li ornaments), Chumo Cheng (Kai Xu ornaments), Zhangsun Empress (Pu Miao ornaments) and Shimin Li (Yue Ma ornaments) exposed.
At the scene, when talking about the character and growth of the characters, Yitong Li said, Court Lady was a drama full of emotions. She also released that there would be a complex emotional entanglement between herself and Kai Xu. Besides, the two starring also shared interesting things and thoughts during the preparation and shooting process with the guests. Love and joy were believed to be the key features of Court Lady, which would distinguish it from previous costume dramas. Kai Xu and Yitong Li expressed their expectations of this drama and wish it give a surprise to Hong Kong audiences.
On the other hand, the poster exposed officially were rich in aroma of Tang Dynasty, which showed the life in Tang Palace. It is worth mentioning that the line-up of the experienced and novice actors adopted by Court Lady also became a major attraction of this drama. Yitong Li and Kai Xu attracted countless eyes because of their popularity and appearance, and Pu Miao and Yue Ma played Shimin Li and his wife again after many years.
For many years, Huanyu Entertainment has maintained close and good cooperation with TVB. In Hong Kong, several high-quality TV dramas produced by Huanyu were broadcast such as Palace I, Legend of Luzhen, Swordsman, Romance of the Condor Heroes, Story of Yanxi and Legend of Haolan. Huanyu has presented wonderful ancient Chinese stories to audiences in Hong Kong and Southeast Asia, providing more people with chances to appreciate the outstanding and brilliant Chinese classical culture. Among the dramas, Story of Yanxi Palace won the TVB 2018 introduction drama championship with a high rating of 38.8, and set a record for the highest ratings of mainland dramas in Hong Kong.
Different from the Qing Dynasty culture displayed in Story of Yanxi Palace, the Tang Dynasty culture was set as the background of Court Lady, showing the human nature from various angles in the early Tang, including the folk, merchants, officialdom, palaces, and battlefields. In addition to the relaxing and joyful plot, the exhibition of profound cultural beauty would be presented to the fullest.
This cooperation between Huanyu Entertainment and TVB for Court Lady is the result of mutual support and sense of trust between the two sides. The quality and standard of Huanyu production have not only been recognized and sought after by Hong Kong audiences, but also strengthened the confidence of platforms in choosing Huanyu again. Furthermore, this cooperation marks a brand new starting point of the globalization strategy of Huanyu Entertainment. In the future, the relationship between Huanyu Entertainment and TVB will be closer and deeper, through more sophisticated content production and diversified modes.
Contact：周玮舜（Zhou Weishun）
Email：zhouweishun@huanyutv.com
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/a3906db2-7ab3-4372-84b2-d6df4df7f433
http://www.globenewswire.com/NewsRoom/AttachmentNg/add5165d-18f1-48e2-8300-cc6b4f156e08
Source: Huanyu
--BERNAMA
At the scene, when talking about the character and growth of the characters, Yitong Li said, Court Lady was a drama full of emotions. She also released that there would be a complex emotional entanglement between herself and Kai Xu. Besides, the two starring also shared interesting things and thoughts during the preparation and shooting process with the guests. Love and joy were believed to be the key features of Court Lady, which would distinguish it from previous costume dramas. Kai Xu and Yitong Li expressed their expectations of this drama and wish it give a surprise to Hong Kong audiences.
On the other hand, the poster exposed officially were rich in aroma of Tang Dynasty, which showed the life in Tang Palace. It is worth mentioning that the line-up of the experienced and novice actors adopted by Court Lady also became a major attraction of this drama. Yitong Li and Kai Xu attracted countless eyes because of their popularity and appearance, and Pu Miao and Yue Ma played Shimin Li and his wife again after many years.
For many years, Huanyu Entertainment has maintained close and good cooperation with TVB. In Hong Kong, several high-quality TV dramas produced by Huanyu were broadcast such as Palace I, Legend of Luzhen, Swordsman, Romance of the Condor Heroes, Story of Yanxi and Legend of Haolan. Huanyu has presented wonderful ancient Chinese stories to audiences in Hong Kong and Southeast Asia, providing more people with chances to appreciate the outstanding and brilliant Chinese classical culture. Among the dramas, Story of Yanxi Palace won the TVB 2018 introduction drama championship with a high rating of 38.8, and set a record for the highest ratings of mainland dramas in Hong Kong.
Different from the Qing Dynasty culture displayed in Story of Yanxi Palace, the Tang Dynasty culture was set as the background of Court Lady, showing the human nature from various angles in the early Tang, including the folk, merchants, officialdom, palaces, and battlefields. In addition to the relaxing and joyful plot, the exhibition of profound cultural beauty would be presented to the fullest.
This cooperation between Huanyu Entertainment and TVB for Court Lady is the result of mutual support and sense of trust between the two sides. The quality and standard of Huanyu production have not only been recognized and sought after by Hong Kong audiences, but also strengthened the confidence of platforms in choosing Huanyu again. Furthermore, this cooperation marks a brand new starting point of the globalization strategy of Huanyu Entertainment. In the future, the relationship between Huanyu Entertainment and TVB will be closer and deeper, through more sophisticated content production and diversified modes.
Contact：周玮舜（Zhou Weishun）
Email：zhouweishun@huanyutv.com
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/a3906db2-7ab3-4372-84b2-d6df4df7f433
http://www.globenewswire.com/NewsRoom/AttachmentNg/add5165d-18f1-48e2-8300-cc6b4f156e08
Source: Huanyu
--BERNAMA
SMARTSTREAM PARTNERS WITH CASSINI SYSTEMS TO HELP FIRMS MEET UNCLEARED INITIAL MARGIN OBLIGATIONS
LONDON, March 20 (Bernama-BUSINESS WIRE) -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced its partnership with Cassini Systems, the leading provider of pre and post trade margin analytics for buy side derivatives trading, to help financial institutions comply with BCBS-IOSCO margin requirements for uncleared OTC derivatives.
BCBS-IOSCO defines rules for margin requirements on Uncleared Over-the-Counter (OTC) derivatives known as Uncleared Margin Rules (UMR). ISDA has developed a Standard Initial Margin Model (SIMM) that can be used by market participants to provide a transparent and standardised margin methodology of bi-lateral trades. The roll out of UMR rules has now reached the buy side with phase 4 firms coming into scope in September 2019, and phase 5 firms in September 2020.
SmartStream’s TLM Collateral Management provides firms with automated data management to reduce operational risks associated with collateral management. This partnership will integrate Cassini’s analytics platform to provide complete SIMM calculations on OTC derivatives for clients in scope for phase 4 and 5. This gives TLM clients the ability to reduce counterparty disputes and operational costs, while having transparency over the SIMM components and underlying risk of the portfolio.
Jason Ang, Program Manager for Collateral Management, SmartStream, states:
“SmartStream’s TLM Collateral Management platform is proven to manage credit and operational risk through collateral management. We are delighted to be working alongside Cassini, whose expertise will complement our ability to manage complex business and regulatory requirements in this space”.
Liam Huxley, CEO of Cassini Systems said: “As the roll out of UMR reaches phase five and impacts the full range of buy side firms, the need for a complete and flexible, front to back SIMM calculation, including the generation of sensitivities, is fundamental. Integrating Cassini’s comprehensive margin and SIMM calculation capabilities will enable SmartStream to solve the regulatory IM requirements for its clients with a fully integrated and seamless solution”.
Ends
View source version on businesswire.com: https://www.businesswire.com/news/home/20190320005040/en/
Contact
Nathan Gee, Marketing Director, SmartStream Technologies
Tel: +44 (0) 20 7898 0630
Email: nathan.gee@smartstream-stp.com
Charlotte Griffiths
Marketing Manager, Cassini Systems
+44 (0) 20 3319 1621
cgriffiths@cassinisystems.com
Source : SmartStream Technologies
--BERNAMA
BCBS-IOSCO defines rules for margin requirements on Uncleared Over-the-Counter (OTC) derivatives known as Uncleared Margin Rules (UMR). ISDA has developed a Standard Initial Margin Model (SIMM) that can be used by market participants to provide a transparent and standardised margin methodology of bi-lateral trades. The roll out of UMR rules has now reached the buy side with phase 4 firms coming into scope in September 2019, and phase 5 firms in September 2020.
SmartStream’s TLM Collateral Management provides firms with automated data management to reduce operational risks associated with collateral management. This partnership will integrate Cassini’s analytics platform to provide complete SIMM calculations on OTC derivatives for clients in scope for phase 4 and 5. This gives TLM clients the ability to reduce counterparty disputes and operational costs, while having transparency over the SIMM components and underlying risk of the portfolio.
Jason Ang, Program Manager for Collateral Management, SmartStream, states:
“SmartStream’s TLM Collateral Management platform is proven to manage credit and operational risk through collateral management. We are delighted to be working alongside Cassini, whose expertise will complement our ability to manage complex business and regulatory requirements in this space”.
Liam Huxley, CEO of Cassini Systems said: “As the roll out of UMR reaches phase five and impacts the full range of buy side firms, the need for a complete and flexible, front to back SIMM calculation, including the generation of sensitivities, is fundamental. Integrating Cassini’s comprehensive margin and SIMM calculation capabilities will enable SmartStream to solve the regulatory IM requirements for its clients with a fully integrated and seamless solution”.
Ends
View source version on businesswire.com: https://www.businesswire.com/news/home/20190320005040/en/
Contact
Nathan Gee, Marketing Director, SmartStream Technologies
Tel: +44 (0) 20 7898 0630
Email: nathan.gee@smartstream-stp.com
Charlotte Griffiths
Marketing Manager, Cassini Systems
+44 (0) 20 3319 1621
cgriffiths@cassinisystems.com
Source : SmartStream Technologies
--BERNAMA
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