LeddarTech offers LeddarVision Surround with higher performance, lower cost

KUALA LUMPUR, March 27 (Bernama) -- LeddarTech, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, announced its third product launch since December with the LeddarVision Surround (LVS-2+).

This product is a comprehensive fusion and perception software stack to support premium surround-view L2/L2+ ADAS highway assistance and 5-star NCAP 2025/GSR 2022 safety applications.

“LeddarTech is committed to supporting automotive Tier 1-2 suppliers and original equipment manufacturers with software solutions and products that support enhanced safety features and lower overall development costs.

“Our newest product LeddarVision Surround (LVS-2+) further increases our software offering to our customers, with products that solve more safety issues with a scalable low-level fusion and perception software stack that offers higher performance at a lower cost,” said its Chief Executive Officer, Charles Boulanger.

In a statement, LeddarTech said LeddarVision Surround (LVS-2+) is the latest low-level sensor fusion and perception product built on its award-winning LeddarVision software.

The new product expands the company’s current product offering of the LeddarVision Front-Entry LVF-E and Front-High LVF-H. These products target entry- to premium-level ADAS applications.

The LVS-2+ efficiently extends the LVF front-view product family from a one-camera plus two to five-radar (1V2R-1V5R) sensor configuration to a five-camera plus five-radar (5V5R) configuration.

This enhanced configuration supports ADAS functions such as traffic jam and highway assist applications, enabling automated lane changes, overtaking and extended speed range adaptive cruise control.

-- BERNAMA

CBL INTERNATIONAL LIMITED - ANNOUNCES PRICING OF US$13,300,000 INITIAL PUBLIC OFFERING

KUALA LUMPUR, Malaysia, March 24 (Bernama-GLOBE NEWSWIRE) -- CBL International Limited, together with its wholly owned subsidiaries (“CBL International” or the “Company”), is an established marine fuel logistic company currently focusing on the Asia Pacific region, providing one-stop solutions for vessel refueling. CBL International today announced the pricing of its initial public offering of 3,325,000 ordinary shares (“Shares”) at a price to public of US$4 per Share for the total offering size of approximately US$13.3 million, assuming the underwriters do not exercise their over-allotment option to purchase additional Shares. The Shares will begin trading on March 23, 2023, U.S. Eastern time, on the Nasdaq Capital Market under the symbol “BANL”. The offering is expected to close on March 24, 2023, subject to customary closing conditions.

The Company has granted the underwriters a 45-day option to purchase up to an aggregate of 498,750 additional Shares to cover over-allotments at the initial public offering price, less underwriting discounts. If the underwriters exercise their option to purchase the additional Shares in full, the total proceeds from the offering are expected to be approximately US$15.3 million.

The Company intends to use the net proceeds from the Offering for (i) enlarging the number of local suppliers to enhance its competitiveness as well as to increase the service options available in the Singapore and South Korea markets; (ii) further increasing the Company’s business market shares in existing markets; (iii) cash collateral to conduct trade financing activities with financial institutions, thus creating transaction records for further acquisition of bank financing to facilitate the Company’s business growth; (iv) procuring and developing a centralized management information system in order to enhance the Company’s daily management control and treasury management; and (v) other working capital and general corporate purposes. 

http://mrem.bernama.com/viewsm.php?idm=45737

WEA marks 3rd anniversary, with more gender-inclusive ecosystem, digital gender gap

 

KUALA LUMPUR, March 21 (Bernama) -- The Women’s Entrepreneurship Accelerator (WEA) brought together senior representatives of its founding partners to mark its third anniversary with a timely discussion ahead of the 67th session Committee on the Status of Women (CSW67) on how to create a more gender-inclusive innovation ecosystem and address the digital gender gap.

According to a statement, this was done in recognition of the intersecting relationships between innovation, technology, the digital space and gender inequality.

For the first time since its inception, CSW67 holistically examined the theme of innovation and technology from a gender perspective, presenting a unique opportunity to explore the gendered impacts of innovation and technology with recommendations that will set a course for a more inclusive and equitable digital economy.

With a mission to address the barriers faced by women entrepreneurs in advancing the Sustainable Development Goals, WEA is working to create an enabling digital innovation ecosystem for women entrepreneurs to ensure countries reap the benefits of the digital transformation underway to achieve a more inclusive and sustainable world.

Hosted by the International Telecommunication Union (ITU) in Geneva, and convening WEA’s five other United Nations partners, the WEA anniversary event highlighted the need to invest in women entrepreneurs through digital to scale their businesses.

The event officially launched the WEA Digital Innovation Challenge by ITU with the support of Mary Kay Inc, as a key opportunity to advance this agenda.

The event underscored how the digital revolution offers tremendous opportunities to advance women’s economic status by opening up access to knowledge and international markets, and by enabling women to engage with a broader network.

Key takeaways from the event included existing innovation and start-up ecosystems greatly lack gender diversity and are characterised by an uneven distribution of opportunity and financial resources.

Women and girls, and especially those who are at greater risk for multiple and intersecting forms of discrimination, are also the primary targets of online violence and abuse, which push them out of public participation, conversations and digital spaces more broadly.

Throughout the event, WEA partners highlighted key areas of work they have advanced in support of women entrepreneurship since the inception of this transformative multi-stakeholder partnership.

-- BERNAMA

Alléo Energy first commercial facility produces renewable diesel from wood waste

KUALA LUMPUR, March 16 (Bernama) -- Alléo Energy has announced a significant milestone in the production of renewable fuels.

Alléo’s first commercial facility has produced renewable diesel made entirely from wood waste. This fuel has been independently tested by Intertek Testing Laboratories and is certified as D975 compliant.

This diesel was produced from a waste feedstock that can be upgraded into other products such as Sustainable Aviation Fuel (SAF).

The diesel produced is considered carbon-negative from a full life cycle perspective. The fuel produced is high in energy density which is a key differentiator from other attempts at cellulose-to-fuels conversion technologies.

“The game-changing quality of our product is very significant,” reflects Simeon Chow, Alléo Chief Executive Officer in a statement.

“What we have accomplished at Alléo is one of the most sought-after goals in the energy sector: to produce a truly sustainable fuel from wood waste.

“Further, I want to emphasise that this fuel can be used in existing diesel engines, without blending, and without modification of the engine.”

Alléo Energy is a renewable energy and renewable commodities company with a mission to revolutionise the renewable liquid fuel industry by converting wood-waste into 100 per cent renewable high value commodities.

-- BERNAMA

PharmaLedger Association to implement, promote Digital Trust Ecosystem in healthcare

KUALA LUMPUR, March 14 (Bernama) -- The PharmaLedger Association (PLA), has announced the endorsement of its three-year strategic plan to implement and promote a Digital Trust Ecosystem in healthcare (DTE-H) at its Annual General Meeting in Lucerne, Switzerland recently.

According to PLA in a statement, the member organisations also confirmed the appointment of eight Directors to its board, delivering on PLA’s core value of “Ecosystem Leadership”.

Representing the diversity of healthcare, PLA’s founding members comprise large and small pharmaceutical companies, research organisations, patient representative organisations, non-profit organisations, technology and healthcare service providers.

PLA has confirmed its mandate as a pre-competition umbrella organisation delivering common and interoperable digital solutions in the areas of Product Trust, Decentralized Clinical Trials, and Supply Chain Traceability.

Among others, PLA will release the first qualified product, electronic Product Information for implementation by its members in the first quarter of 2023; and continue to onboard new members and engage with authorities, trade associations and standards development organisations, ensuring growth and financial viability.

“PLA has started with a diverse and strong team of members with a common vision and who believe in real change. With PLA, we have the right vehicle, resources and roadmap to take patients to a better place in healthcare,” said its Executive Director, Daniel Fritz.

The formation of the PLA and the endorsement of its mission by diverse members of healthcare is a major milestone, paving the way for delivery of widely trusted blockchain-based platforms with new open-source healthcare solutions to create value for patients and ecosystem stakeholders.

A not-for-profit based in Switzerland, PLA is grateful to its 20 founding members and invites all healthcare related organisations to learn more and engage towards the realisation of a trusted Healthcare 4.0.

-- BERNAMA

WINNERS ANNOUNCED IN 17TH ANNUAL STEVIE® AWARDS FOR SALES & CUSTOMER SERVICE

World’s Top Customer Service and Sales Awards Were Presented in Las Vegas

FAIRFAX, Va., March 7 (Bernama-GLOBE NEWSWIRE) -- Winners in the 17th annual Stevie® Awards for Sales & Customer Service, recognized as the world's top customer service awards and sales awards, were unveiled on Friday night at a gala ceremony in Las Vegas, Nevada USA, attended by more than 400 executives from around the world.
 

The complete list of Stevie Winners by category is available at http://www.StevieAwards.com/Sales.

DP DHL, with 46 Gold, Silver, and Bronze Stevie Award wins, was the most honored organization this year, earning the top Grand Stevie Award trophy. This is the 11th year in a row in which the multinational package delivery and supply chain management company, headquartered in Bonn, Germany, has won a Grand Stevie in the program, and the ninth year of the 11 in which they placed first on the list of most honored organizations.

Other Grand Stevie Award winners, in descending order, include IBM, Sales Partnerships, Support Services Group, ValueSelling Associates, UPMC Health Plan, PowerSchool Group, GoHealth, TalkDesk and Michael Kors. 

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BEAR ROBOTICS UNVEILS HOSPITALITY ROBOT, SERVI PLUS TO FIT OPERATIONAL NEEDS

KUALA LUMPUR, March 8 (Bernama) -- Bear Robotics has launched its new robot, Servi Plus, a service industry game-changer featuring increased capacity, enhanced user experience features, and the smoothest suspension engineering in the industry for transporting liquids and traversing ramps.

With an expanded 88 lb (40kg) payload and a 16+ dish capacity, Servi Plus is the heavy-duty answer to hospitality workflow automation, according to the Silicon Valley-based innovator of hospitality robots in a statement.

“This addition to our product line is something our entire company is very proud to launch. It is a testament to our team’s ability to collaborate with our partners and support them by bringing products to market that immediately fit their operational needs,” said co-founder and Chief Operating Officer of Bear Robotics, Juan Higueros.

The latest addition to Bear Robotics’ renowned Servi lineup, Servi Plus is a bigger solution for alleviating repetitive work like running orders and bussing dishes so that team members may stay on the floor and focus on creating exceptional guest experiences.

In addition to its strong carrying capacity, Servi Plus features industry-leading suspension for liquid delivery, allowing it to traverse a variety of flooring, thresholds, and Americans with Disabilities Act (ADA) ramps.

This new product has the ability to carry four oversized serving trays or bus tubs and is adjustable for custom tray configurations.

Servi Plus also includes an array of visual and user experience enhancements, such as a full perimeter of responsive LED lighting for visibility and communication and a dot display matrix for custom messaging.

Bear Robotics is setting a new standard in the hospitality space with the release of Servi Plus. This new product allows for seamless service across many verticals and is equipped to provide a superior collaborative robot service for operators, employees and customers.

-- BERNAMA

NATIONAL UNIVERSITY OF SINGAPORE, EMERITUS LAUNCH CHIEF TECHNOLOGY OFFICER PROGRAMME

KUALA LUMPUR, March 7 (Bernama) -- The National University of Singapore (NUS) School of Computing has launched its Chief Technology Officer (CTO) Programme in collaboration with Emeritus, a global leader in making high-quality education accessible and affordable to individuals and organisations worldwide.

Speaking about the programme, Emeritus Chief Executive Officer (CEO), India and APAC, Mohan Kannegal said: “With the growing demand for skilled CTOs across all industries, we have curated the NUS School of Computing’s Chief Technology Officer (CTO) Programme.

“From managing and implementing the information and technology of your organisation to advising the CEO in taking high level decisions for the overall growth of your organisation, all technology/digital leaders can benefit from this informative learning experience.”

The programme is a cutting-edge nine-month programme that is designed for commercially driven technology/digital leaders with over 10 years of work experience and five years of management and technology experience.

According to a statement, the programme is intended for professionals who want to advance their skills in digital innovation, strategy, organisation, cutting-edge technologies and leadership development. 

Curated with a strong emphasis on real-world relevance to meet the challenging times and rapidly evolving business needs and trends, the programme will provide participants with a matrix of knowledge to manage an organisation’s digitalisation journey in the role of a CTO.

The curriculum consists of 26 modules grouped into four pillars delivered through recorded video lectures from distinguished NUS SOC faculty.

It also offers senior information technology (IT) leaders a chance to Connect and network with high-achieving global professionals/leaders from across industries during the two-day graduation and networking opportunity at NUS campus. 

As the first Chief Technology Officer (CTO) programme in Singapore offered by a premier global University, it also provides access to a success coach to drive engagement and clarity, as well as a certificate of completion from NUS School of Computing.

-- BERNAMA

​AM BEST PLACES CREDIT RATINGS OF HIMALAYAN REINSURANCE LIMITED UNDER REVIEW WITH POSITIVE IMPLICATIONS

SINGAPORE, March 2 (Bernama-BUSINESS WIRE) -- AM Best has placed under review with positive implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Himalayan Reinsurance Limited (Himalayan Re) (Nepal).

The Credit Ratings (ratings) of Himalayan Re have been placed under review with positive implications because of AM Best’s expectation that the company will complete a public listing over the near term. The under review with positive implications status reflects the anticipated improvement in the company’s balance sheet strength assessment associated with successful capital raising. In addition to improved financial flexibility, shareholders’ equity is expected to more than double following the successful completion of its initial public offering, in the form of an increase of NPR 3 billion in paid-up capital and additional share premium. The transaction is pending regulatory approval and is due to complete in March 2023. The ratings will remain under review until the successful completion of the initial public offering. 

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HERE AND COGNIZANT COLLABORATE TO PROVIDE LOCATION INSIGHTS AND ANALYTICS FOR GLOBAL BUSINESSES

 · HERE Technologies and Cognizant to work together on delivering digital customer experiences with the help of location data.

· This partnership provides real-time location insights and analytics to businesses across vertical industries including retail, technology, communications, manufacturing, logistics and automotive. 

Mumbai, March 1 (Bernama-GLOBE NEWSWIRE) -- HERE Technologies, the leading location data and technology platform, announced today that it has teamed up with Cognizant, one of the world’s leading professional services companies, to provide real-time location insights and analytics to Cognizant’s customers across the retail, ride-hailing, logistics, manufacturing and automotive sectors. By leveraging location insights and analytics, businesses will be able to reach and serve their customers more accurately.

Through this partnership, Cognizant will use the HERE location platform’s robust data visualization and exchange capabilities – including access to real-time traffic data, vehicle, weather, and detailed road attribute data – to build spatial intelligent solutions for its customers.

The partnership benefits organizations across various sectors by supporting their operations with new location-based insights on customers, pricing and surrounding competition. Cognizant will also be using HERE Traffic and Places of Interest (POI) data to provide retail and banking businesses with accurate location-based insights on store outlets and bank branches. 

http://mrem.bernama.com/viewsm.php?idm=45531