BLACK & VEATCH APPOINTS INDUSTRY VETERAN AS PRESIDENT, ASIA-PACIFIC AND INDIA AS COMPANY CONTINUES GROWTH ACROSS THE REGIONS

Narsingh Chaudhary to succeed Hoe Wai Cheong who will retire at the end of 2023


BANGKOK, June 28 (Bernama-BUSINESS WIRE) -- Black & Veatch, a leading global provider of critical human infrastructure solutions, has named industry veteran Narsingh Chaudhary as President, Asia Pacific and India.

Chaudhary, who has served the past four years as Executive Vice President and Managing Director, Asia Pacific, for the company, brings more than 25 years of experience in the infrastructure industry to the role. He succeeds Hoe Wai Cheong, who after more than 16 years with Black & Veatch, and nearly 40 years in the energy and chemical industries, will retire at the end of 2023.

“Narsingh has deep industry knowledge and a proven track record in helping clients address rapidly changing market conditions,” said Mario Azar, Black & Veatch’s Chairman & CEO. “As Asia focuses on megatrends reshaping the world including decarbonization, power grid resiliency, instant communication, clean transportation, water scarcity and cybersecurity, his leadership and our diverse portfolio of solutions will help clients address their biggest challenges.”

Chaudhary, based in Bangkok, said, “I look forward to continuing to build on the successful track record of the company in Asia Pacific and India. Our team of professionals, backed by our global reach and experience, are committed to listening and understanding our clients’ needs and delivering safe, reliable, resilient and sustainable solutions.”

“Hoe Wai’s contributions to the industry and to Black & Veatch are well-recognized and his leadership has added to the solid foundation the company has built since our first projects in the region nearly 60 years ago,” said Azar.

Contact Black & Veatch for more information.

Editor’s Notes:

• Black & Veatch has more than 1,500 professionals based across the region.
• Click to download images of Hoe Wai Cheong and Narsingh Chaudhary.

About Black & Veatch

Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2022 were US$4.3 billion. Follow us on www.bv.com and on social media.

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Contact

Media Contact Information:
EMILY CHIA | +65 6335 6623 P | +65 9875 8907 M | Chialp@bv.com
24-HOUR MEDIA EMAIL | Media@bv.com

Source : Black & Veatch

HONEYWELL AND UNIVERSITI MALAYA ENCOURAGE FUTURE MALAYSIAN ENGINEERS TO ADDRESS SUSTAINABILITY CHALLENGES WITH INNOVATION

^{STEM for Sustainability Competition Grand Prize Winners - Team Inno Crusaders from Universiti Putra Malaysia}


Engineering students from nine Malaysian universities competed in the Honeywell STEM For Sustainability Project Competition
 

KUALA LUMPUR, June 27 (Bernama) -- Honeywell collaborates with Universiti Malaya and the UM STEM Centre to encourage innovative and creative ideas from Malaysian students and address real-world challenges in sustainability by using STEM (science, technology, engineering, math) to compete in the Honeywell STEM For Sustainability Project Competition.
 
Promoting inclusion and diversity as their working platform, the teams of engineering students included Malaysians from different backgrounds and distinct identities with diverse representation including female engineering students, various ethnic and faith groups, and people with different abilities.
 
The competition was overseen by an all-women team of the UM STEM Centre that worked with their academic peers at five research and four technical Malaysian universities and invited over one thousand eight hundred second and third-year engineering students to participate since January 2023. The students worked in teams of five and they went through three elimination stages before the ten final teams competed for the final stage in five categories and for a grand prize win.
 
The final competition was hosted at Universiti Malaya where the ten competing teams had to present to and be judged by academics, members of the Board of Engineers of Malaysia, and Honeywell.
 
“As a leader in innovation, Honeywell supports the promotion of STEM to students around the world,” said Yeong-Chuan Lim, Honeywell President for Malaysia and Singapore. He added “Every day, 100,000 Honeywell employees work globally to solve some of the world’s toughest problems, including environmental challenges. We want to inspire and encourage students, including those in Malaysia, to innovate for a better future.”
 
“This competition helped to inspire the next generation of Malaysian engineers to showcase their innovative ideas that address real-world challenges including environmental sustainability using STEM,” said Ir. Dr. Mas Sahidayana Mohktar, Director of UM STEM Centre. She added “It’s important for the students to understand that they can create a sustainable future through engineering and technology. We are also hopeful that we can continue to work with Honeywell and promote STEM among Malaysian students.”
 
The winning teams and the categories are:
 

Category	Team	Idea
Achieving carbon neutrality	The Materialists	Universiti Sains Malaysia
Efficient natural resources consumption	Inno Crusaders	Universiti Putra Malaysia
Green energy	Smart Blue Green Roof	Universiti Malaya
Food security	Farmlah	Universiti Putra Malaysia
Safe and healthy community	Wellneers	Universiti Malaya
Grand Prize Winner	Efficient Natural Resources Consumption – Inno Crusaders	Universiti Putra Malaysia

 
Universities involved:
 
Research Universities
·         Universiti Malaya, KL
·         Universiti Kebangsaan Malaysia, Selangor
·         Universiti Sains Malaysia, Penang
·         Universiti Teknologi Malaysia, KL
·         Universiti Putra Malaysia, Selangor
 
Malaysian Technical University Network
·         Universiti Malaysia Pahang
·         Universiti Malaysia Perlis
·         Universiti Teknikal Malaysia Melaka
·         Universiti Tun Hussein Onn Malaysia, Johor
  
About Honeywell
Honeywell (www.honeywell.com) delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom. 


SOURCE : Honeywell International Sdn Bhd

THE TOP 5 PLACES TO DO BUSINESS IN 2023 ACCORDING TO THE WORLD CITIZENSHIP REPORT: CS GLOBAL PARTNERS

London, June 21 (Bernama-GLOBE NEWSWIRE) -- Access to opportunity is one of the most desirable qualities that any jurisdiction can offer.  

This year, the 2023 World Citizenship Report measured 188 countries in the world, looking at what these nations have to offer High Net-Worth Individuals (HNWIs) and the mass affluent who are continually looking past their home borders for better opportunities. 

One key motivator that was measured in the report was Economic Opportunity, which measures the overall ability of a nation to extend wealth, material comfort, and other key benefits of a strong economy to all of its citizens. 

Greater access to improved business environments and employment opportunities allows individuals to participate in the economy while achieving their goals of securing their financial futures and raising the standard of living for themselves and their families. But it doesn’t end there. Apart from the supplementary benefits of social mobility, a reduction in income disparity, and greater capital formation, having the freedom to pursue key financial goals leads to significant investment in an individual’s own well-being, their families, and their communities, which, more often, is accompanied by a greater sense of purpose.  

Not only have global mass affluent individuals shown to be willing to travel to access more powerful economies globally, but they also desire supportive business environments which enable them to fully realise their entrepreneurial potential.  

A shift in economic growth from the West to emerging markets over the past few decades has led to new business hubs worldwide. Regions such as Asia, the Middle East, and South America have seen rapid economic growth, coupled with improved infrastructure and, in some cases, lighter regulation.  

Entrepreneurs the world over are capitalizing on this, often by going through the citizenship by investment (CBI) route of a country that allows access to profitable business opportunities in booming markets across the globe.  

The World Citizenship Report looks at the top business hubs globally, among other motivators for individuals looking to widen their prospects. Other motivators explored by the World Citizenship Report are Safety and Security, Quality of Life, Global Mobility, and Financial Freedom. The World Citizenship Report is based on research by London-headquartered leading government advisory and marketing firm CS Global Partners. 

So which countries are the world’s most sought-after business hubs in 2023? 

5. Switzerland and Japan

Switzerland and Japan both tied at fifth place, ranking at 82.3 in the Economic Opportunity pillar.  

Switzerland, the 20th biggest economy in the world, is a well-known financial hub and a great place to invest thanks to its stable economy and strong business culture. The country is also known for its innovation and flourishing start-ups in the major cities. 

In addition to its positive economic outlook, Japan is noted for its internal stability. The nation is considered one of the most politically stable countries in the world, as well as one of the safest to travel in for work or business. Japan’s economy has gained momentum in 2023 with surveys of business activity indicating that the economy is growing. 

4. Netherlands

Taking fourth place, the Netherlands scored 82.4 and the country continues to be a good place to start a business. Considered as the gateway to Europe, the Netherlands has a stable business climate where ambitious companies can tap into innovation ecosystems to accelerate their businesses.  

3. Hong Kong (SAR) China

In third place with a score of 83.1 is Hong Kong. The country has a free-enterprise, free-trade economy and the government has traditionally adopted a policy of non-intervention in the private sector, while at the same time providing the territory with a modern and sophisticated commercial infrastructure and a sound legal and administrative framework. 

2. United States of America

In second place is the United States of America. As one of the most recognised economies in the world, the USA offers a lucrative open market that is a powerful growth engine for companies of all sizes. Coupled with a predictable and stable political and judicial system where intellectual property is protected, the USA is a great place for business investment of any kind.

The country scored 83.7 in this year's World Citizenship Report.

1. Singapore
Singapore was crowned as the best place to do business this year with a score of 84.8. Singapore has a conducive environment for business given its regulatory environment, stable and efficient infrastructure to support starting a business, access to financial intermediation and services, and enforcement of contracts. The economy makes it easy for domestic and international businesses to make their mark in the global arena.  

Chantal Mabanga
CS Global Partners
+44 (0) 207 318 4343
Chantal.Mabanga@csglobalpartners.com

SOURCE : CS Global Partners

CONVERSATION INTELLIGENCE DRIVES BETTER CX AT SCALE, STUDY FINDS

Independent Study Finds Enterprises Leveraging AI Have Built “Islands of Automation” and Would Benefit from Comprehensive Platform Approach that Includes Conversational AI, Generative AI, Knowledge AI, Emotion AI, and RPA Across Channels


PALO ALTO, Calif., June 21 (Bernama-BUSINESS WIRE) -- Uniphore, one of the largest global AI-native conversational AI providers for the enterprise, today announced a new study from Forrester examining the key challenges facing enterprise customer experience (CX) programs as they navigate the complicated landscape of AI and automation tools and services that all claim to do the same thing – cut costs and increase revenue. To keep costs low, many organizations have turned to disparate CX point solutions, but end up creating “islands of automation,” lessening the impact of these solutions as a whole and risking organizations’ long-term profitability.

As part of a commissioned study conducted by Forrester Consulting on behalf of Uniphore of more than 300 strategy decision makers in organizations in North America and Europe, findings show organizations that take an integrated approach to CX and target the entire customer journey from chatbot to agent-assist help drive revenue and deliver more frictionless interactions. This results in happier agents and customers.

With a user base of over 700K, the largest in the industry, Uniphore has built the most comprehensive end-to-end conversational AI platform — Uniphore X platform — that covers the entire customer journey from interactions with chatbots to more complex queries that require live agent assistance to delivering post-call insights. Some of the world’s top telecom, travel and hospitality, financial services and healthcare companies use Uniphore’s AI solutions to deliver quality CX experiences to their end users.

“You’d be surprised how many CX executives believe they’re on the cutting edge with CX technology and innovation, while in the next breath say that they are unlikely to be satisfied with their own organization’s CX as a consumer. In fact, only one-fourth of respondents said they would be extremely satisfied with their company’s CX,” said Annie Weckesser, Chief Marketing Officer at Uniphore. “So how do we bridge the gap? Enterprise organizations need Conversation Intelligence Platforms that unify all of the different CX point solutions. This is where Uniphore comes in. Uniphore enables organizations to take an integrated approach that brings the full value of AI and automation to the enterprise without sacrificing costs or CX quality.”

Findings from the survey include:

• Automation silos block CX
  • Enterprise leaders have realized that simply deploying any number of point solutions to address each CX use case creates islands of automation within their organization – limiting the impact of AI and automation on revenue growth and detrimentally affecting customer satisfaction.
  • In fact, 80% of respondents believe their organization would find a Conversational Intelligence Platform highly valuable.
  • However, 70% of respondents report they struggle with unifying their investments in AI and automation points solutions.
• The impact of CX “fails” is felt throughout the organization.
  • 58% of organizations face challenges in capturing insights from customer conversations and unifying contact center and enterprise systems.
  • This results in several critical consequences, including higher costs, revenue loss, lower CX scores, and even lower EX scores. Most respondents believe that deploying a comprehensive Conversation Intelligence Platform will significantly mitigate these issues.
• Conversation Intelligence Platforms enable great CX at scale.
  • By implementing an integrated Conversation Intelligence Platform, customer service leaders open the door to overcoming top contact center pain points – even as the business – and available customer data – scales exponentially.
  • With this foundation, organizations can meet or exceed their top objectives – identifying new business opportunities, improving CX, enabling a better agent experience and increasing revenue performance.

To learn more about Forrester’s analysis and then understand what enterprises can do today to improve CX with a Conversational Intelligence Platform, here

To follow the latest trends and read Uniphore’s latest announcements, follow our blog. Connect with us on LinkedIn, Twitter, Facebook, Instagram.

About Uniphore

Uniphore is one of the largest global AI-native conversational AI providers for the enterprise. Every day, billions of conversations happen across industries — Financial Service, Healthcare, Telecommunications, Travel, Hospitality and more. Whether they are human to human, human to machine or machine to machine, conversations are at the heart of everything we do, and the new currency of the enterprise.

Uniphore believes companies that best understand and act on those conversations will win. We have built the most comprehensive platform that combines conversational AI, computer vision, emotion and tonal analysis, workflow automation, and RPA (Robotic Process Automation) with a business-user-friendly UX to transform and democratize customer experiences across industries. In 2023, the company completed two acquisitions — UK-based Red Box for voice, screen, and meta data capture, and France-based Hexagone for fusion of signals from voice, text and computer vision.

View source version on businesswire.com: 
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Contact

Media Contact Details
Marjaneh Ravai, Uniphore, marjaneh.ravai@uniphore.com

Source : Uniphore

[PHOTO RELEASE FROM UEM EDGENTA BERHAD] - UEM EDGENTA'S 60TH ANNUAL GENERAL MEETING

 

KUALA LUMPUR, June 16 (Bernama) -- UEM Edgenta delivers tech-enabled solutions across Malaysia, Singapore, Indonesia, Taiwan, United Arab Emirates (UAE) and the Kingdom of Saudi Arabia. In 2022, UEM Edgenta had showcased its successful repositioning in response to evolving market demand, solidifying its global position, delivering innovative solutions while creating sustainable value for its stakeholders. Looking ahead and beyond, UEM Edgenta will continue to focus on commercializing technology-driven innovations across industries and geographies with a focus on its Edgenta of The Future (EoTF2025) vision to become a leading global franchise with embedded technology and sustainability capabilities, driving long-term sustainable growth. Additionally, UEM Edgenta will also continue their efforts in Environment, Social and Governance (ESG) strategy across its operations while maintaining its healthy orderbook and remain committed to their dividend policy.

More information on UEM Edgenta’s 60th Annual General Meeting and 2022 Annual Report can be referred here. 

(Left) Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta presented the Company’s vision moving forward with tech-enabled solutions continuing to drive long-term growth as it innovates and embeds sustainability across its strategy and operations at the UEM Edgenta’s virtual 60^th Annual General Meeting, 15^th June 2023.

SOURCE: UEM Edgenta Berhad
 
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Razliza Azreen
Media Relations
Corporate Communication
UEM Edgenta Berhad
Tel: +603 2725 7374
Email: communications@edgenta.com
Web: http://www.uemedgenta.com 

--BERNAMA

Bitmanu's Asic Miners Transform Cryptocurrency Landscape

KUALA LUMPUR, June 15 (Bernama) -- Manufacturing company, Bitmanu announced that its suite of ASIC miners technology has reshaped the global cryptocurrency landscape following the emergence of this new sensation.

Many industry stalwarts consider these mining rigs to be nothing less than a technological marvel that has the potential to change the way crypto mining will be done in the years to come.

According to Bitmanu in a statement, the most striking feature of its miners is their hash rates which are miles ahead of any other mining hardware ever built.

Powered by these hash rates, Bitmanu’s BM1, BM2, and BM Pro miners can mine Bitcoin, Litecoin, Dash and Monero with unforeseen efficiency.

In spite of their immense power to process transactions, Bitmanu miners are extremely energy efficient with the power consumptions for BM1, BM2 and BM Pro are only 50 watt (W), 850W and 2200W, respectively.

Bitmanu is also likely to make a long-term impact on the crypto market by opening it up to common people without any crypto background. To make this possible, the company has designed plug-and-play mining rigs that are effortless to use.

-- BERNAMA

LeddarTech To Become Public Company Via Business Combination With Prospector

KUALA LUMPUR, June 15 (Bernama) -- Automotive software company, LeddarTech Inc (LeddarTech), and Prospector Capital Corp (Prospector), a publicly traded special purpose acquisition company, announced their entry into a definitive business combination agreement that would result in LeddarTech becoming a publicly listed company.

According to a statement, upon closing of the transaction, which is expected by the fourth quarter of 2023, LeddarTech is expected to be listed on Nasdaq under the ticker symbol “LDTC”.

The transaction values LeddarTech at a pro-forma equity value of US$348 million and is expected to provide the company with up to US$66 million in gross cash proceeds, which are expected to be used to fund the commercialisation of its first embedded software solutions, expand product offerings and deepen customer engagements. (US$=RM4.62)

LeddarTech has a strong early-mover advantage with over seven years of experience working on low-level sensor fusion and perception with 150 patents filed (80 granted) covering a broad array of foundational technologies such as signal acquisition, perception and fusion.

“This collaboration is expected to provide us with the necessary capital and resources to invest in our exceptional team, and take the company to the next level by positioning the company to secure customer wins and drive growth in our business.

“I am excited that LeddarTech has achieved this important milestone, which we believe will make LeddarTech one of the rare public companies in the pure-play ADAS/AD software space,” said LeddarTech Chief Executive Officer (CEO), Charles Boulanger.

He has also decided to retire as CEO once the transaction closed, at which time President and Chief Operating Officer, Frantz Saintellemy is expected to succeed him, and he plans to remain with LeddarTech as a special advisor and a member of the company’s board of directors.

Meanwhile, Prospector’s CEO, Derek Aberle said: “We are excited to partner with LeddarTech’s management team to help drive growth and adoption of their products and believe it represents an attractive investment opportunity for our shareholders.”

At the close of the transaction, Aberle is expected to become Chairman of the LeddarTech board of directors.

-- BERNAMA

Floship-FedEx Collaboration To Provide E-tailers With Enhanced Fulfilment, Logistics Services

KUALA LUMPUR, June 14 (Bernama) -- Floship, a global circular supply chains solutions provider for e-commerce brands, and FedEx Corp announced a partnership designed to provide enhanced fulfilment and logistics services to e-tailers worldwide.

According to a statement, through investment by the FedEx Innovation Lab (FIL), the partnership will create an end-to-end digitalised fulfilment and return solution, enhancing operational efficiency via optimal inventory management and best-in-class delivery using FedEx services.

“By bringing this collaboration to market, our mutual goal is to provide e-commerce brands and retailers with a one-stop, all-inclusive two-way supply chain solution that enables brands to grow at an exponential rate whilst simultaneously delivering a superior customer experience,” said Floship chief executive officer, Joshua Tsui.

Meanwhile, FedEx Express senior vice president, Marketing and Customer Experience for Asia Pacific, Middle East and Africa (AMEA) region, Salil Chari said collaborating with industry innovators like Floship will help online retailers better compete supported by the FedEx global logistics network.

This partnership will give FedEx’s e-commerce customers access to Floship’s global network of warehouses and powerful logistics platform’s capabilities to streamline their e-commerce fulfilment operations.

At the same time, Floship’s customers will be able to leverage FedEx global networks as well as a full range of FedEx extensive transportation options to optimise their operations.

Additionally, FedEx’s and Floship’s cross-border e-commerce customers in AMEA, Europe, and North America will gain access to enhanced fulfilment, last-mile delivery as well as hassle-free returns.

The FIL makes early-stage investments in rising start-ups primarily in India. These collaborations will bring additional value in terms of capabilities and speed to market to start-up firms through FedEx’s global networks, resources and customer base.

The collaborations will also help expand FedEx advanced digital capabilities globally as it continues to evolve its operations and product offerings to meet the needs of the modern supply chain.

-- BERNAMA

BABY HEALTH CARE RECOGNIZED AS ONE OF THE TOP 10 FETAL AND NEONATAL CARE COMPANIES OF 2023 BY MEDTECH OUTLOOK

 

MedTech Outlook provides a platform for decision-makers and experts to share their views on medical technologies that have significantly impacted healthcare delivery. (Graphic: Business Wire)

 

NEWPORT BEACH, Calif., June 13 (Bernama-BUSINESS WIRE) -- Baby Health Care is proud to announce that it has been recognized as one of the Top 10 Fetal and Neonatal Care Companies for 2023 by MEDTECH OUTLOOK, a globally renowned medical publication that spotlights trailblazing solutions reshaping contemporary healthcare.
 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230531005595/en/  

The recognition is a testament to our unwavering commitment and innovation in pediatric healthcare, particularly exemplified through our pioneering electric nasal aspirator.

Our CEO, Kiyotaka Yamafuji, affirms, "We believe minimal medication is ideal for better health, and it is our product goal too. It eliminates the need for medication when it comes to nasal congestion in babies." The company takes immense pride in this recognition. The belief that the cornerstone of a child's growth and health is shaped by proper care, coupled with accurate knowledge and affection at home, guides the development and innovation of our products.

Our electric nasal aspirator stands as a prime example of our company philosophy. It offers a highly efficient solution to suction nasal mucus. Though simple in design, it provides numerous benefits. By streamlining the process of nasal cleaning compared to manual methods, it reduces the risk of middle ear infections and other illnesses, while enhancing the sleep quality of infants. 

http://mrem.bernama.com/viewsm.php?idm=46339

MCO REINFORCES COMMITMENT PROVIDING CUTTING-EDGE SOLUTIONS VIA FAIRWORDS ACQUISITION

KUALA LUMPUR, June 13 (Bernama) -- MyComplianceOffice Inc (MCO), a conduct risk and compliance technology provider, announced the acquisition of Fairwords, a pioneer in artificial intelligence (AI)-powered electronic communications software.

According to MCO in a statement, the acquisition reinforces its commitment to providing cutting-edge solutions that enable organisations to effectively manage compliance.

By integrating Fairwords' AI-powered communications protection software into its comprehensive suite of offerings, MCO solidifies its position as a leader in the global compliance technology market.

“With this acquisition, we will further augment our solution for exceptional integrated surveillance capability across all transactions, employees and third-party entities. We are thrilled to welcome Fairwords, its talented team and customers to the MCO family,” said MCO Chief Executive Officer (CEO), Brian Fahey.

Meanwhile, Fairwords CEO, Tom Bubeck said: “Throughout the due diligence process, we concluded that MCO's dedication and investment in the surveillance space make it the ideal home for our team and clients. I have no doubt that our customers will be extremely satisfied with MCO for many years to come.”

Fairwords' communications compliance software provides compliance leaders and teams with proactive training, analytics, and archiving to mitigate communications risks and prevent compliance crises and lawsuits.

The software also provides firms with a streamlined solution for monitoring and flagging risky communications, while ensuring the archival of digital messages in compliance with regulatory requirements.

The acquisition will expand MCO's integrated surveillance solution to encompass digital communications, thus strengthening its ability to identify potential compliance issues.

In addition, it will enhance MCO customers' ability to ensure communications compliance across various channels while fostering a robust culture of compliance within their organisations.

-- BERNAMA

Cohere Secures Us$270 Mln Funding To Empower Businesses With Generative Ai

KUALA LUMPUR, June 9 (Bernama) -- Cohere, the leading artificial intelligence (AI) platform for enterprise, announced US$270 million in new capital as part of its Series C financing. (US$1=RM4.60)

Inovia Capital led the round, with additional participation from a diverse group of global institutional and strategic investors, including NVIDIA, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures, and returning investor Index Ventures, some of the most respected technology companies in the world.

“As the early excitement about generative AI shifts toward ways to accelerate businesses, companies are looking to Cohere to position them for success in a new era of technology.

“The next phase of AI products and services will revolutionise business, and we are ready to lead the way,” said Cohere chief executive officer and co-founder, Aidan Gomez in a statement.

Cohere’s AI platform is uniquely designed for enterprises, offering data-secure deployment options in companies’ existing cloud environments, customisation and customer support, including an ecosystem of consulting and system integrator partners to help enterprises at any stage in their AI journey.

Cohere’s enterprise AI suite is cloud-agnostic, offering the highest levels of flexibility and data privacy. It is built to be available on every cloud provider, deployed inside a customers’ existing cloud environment, virtual private cloud (VPC), or even on-site, to meet companies where their data is.

This is to empower businesses to transform existing products and build the next era-defining generation of innovative solutions all while keeping their data secure.

The announcement comes on the heels of Cohere’s momentum in several areas, namely a recent announcement to collaborate with Salesforce Ventures to advance generative AI to realise business value; an engagement with LivePerson to supercharge customer experiences; and a host of additional demand and interest from the enterprise market.

-- BERNAMA

DUCK CREEK'S RATING SOLUTIONS EARN CELENT’S LUMINARY STATUS IN NORTH AMERICA, GLOBALLY

KUALA LUMPUR, June 9 (Bernama) -- Duck Creek Technologies, has received Luminary status in Celent’s 2023 North America and global reports, Insurer Stand-Alone Rating Engines.

An intelligent solutions provider defining the future of Property and Casualty (P&C) and general insurance, Duck Creek’s rating solutions have been recognised in the report’s highest-ranking category for advanced technology and breadth of functionality.

Duck Creek Technologies Chief Product & Technology Officer, Jess Keeney said the company is proud to continue to earn Celent’s highest Luminary ranking in North America and globally for its rating solutions.

“We are continuously seeking ways to modernise our technology and create evergreen solutions that cultivate a better user experience for our customers. Deploying frequent, fully automated updates with configurability enables us to do this,” she said in a statement.

This report provides an overview of Duck Creek Rating, which enables customers to rate 583,000 quotes per hour/per server of complex personal lines policies in a 100 per cent horizontally scalable manner.

In North America and across the globe, Duck Creek maintains an open platform and open ecosystem philosophy, offering over 100 pre-built and validated integration accelerators. This includes Duck Creek Rating Anywhere Integrations with Coherent, Akur8, AAIS and Verisk.

Celent’s report profiles key stand-alone rating engines and provides an overview of their functionality and technology, in which the report equips P&C insurance carriers with the knowledge and insights to evaluate the market’s best stand-alone rating engines for their business.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies.

-- BERNAMA

MedTech Innovator Asia Pacific Names 24 Startups to Annual Accelerator

LOS ANGELES & SINGAPORE, June 8 (BUSINESS WIRE) --

MedTech Innovator, the world’s largest accelerator of medical technology companies announced today that 24 medtech companies will participate in the fourth annual Asia Pacific Accelerator program.

MedTech Innovator Asia Pacific offers best-in-class startups opportunities to work with investors, business leaders and allied service professionals in the medtech industry to help drive commercialization of life-changing technologies throughout the region. The 2023 cohort companies will also compete for up to US$ 300,000 in cash prizes and awards.

“As the world’s largest accelerator of medtech companies, MedTech Innovator established the Asia Pacific Program in 2019 because of the incredible innovation in the region. We look forward to working with our partners to support this year’s cohort of companies and to help them advance their technologies,” said Paul Grand, CEO of MedTech Innovator.

Over 400 companies applied for the Asia Pacific program this year, and after a rigorous selection process, 60 companies were invited to pitch, 24 of which were named to the 2023 cohort. In early December, four startups from the 2023 Asia Pacific cohort will advance to compete in the Grand Finals to be held at APACMed’s Medtech Forum 2023 in Singapore. Attended by health care industry leaders, health care providers, and investors from across the region, the MedTech Forum will also showcase solutions from all 24 Accelerator cohort companies. The winning company, which will be determined by audience vote, stands to win a non-dilutive cash prize and the title of the 2023 MedTech Innovator Asia Pacific Winner.

For the first time, MedTech Innovator Asia Pacific’s 2023 cohort will include four shortlisted companies that are part of the inaugural Olympus Asia Pacific Innovation Program (OAIP). This program focuses on minimally invasive care and new ways to detect, monitor, and treat conditions and diseases. The winning innovator will receive grant funding of US$ 75,000 as well as an exclusive mentorship program with key thought leaders from within Olympus.

The 24 companies selected to the 2023 MedTech Innovator Asia Pacific Accelerator are:

1. Accuster Technologies (India)
2. Astron Medtech (US)
3. Biotome (Australia)
4. Flexperc Medical (US)
5. Gbrain (South Korea)
6. GenLight Medical (China)
7. Healium Medical (Israel)
8. Jdot (Changzhou) Medical Technology (China)
9. Kinexcs (Singapore)
10. Lifespans (Hong Kong, China)
11. Medipixel (South Korea)
12. MedySapiens (South Korea)
13. Module Innovations (India)
14. Neurowyzr (Singapore)
15. NICE Surgical Solutions (Singapore)
16. Ossfila Technology (Hong Kong, China)
17. PrimaNova Technologies (Hong Kong, China)
18. Thrixen (Singapore)
19. Vivo Surgical (Singapore)
20. Weinnovate Biosolutions (India)

The companies shortlisted for the OAIP are:

1. BioCliq (India)
2. NDR Medical (Singapore)
3. Sonire Therapeutics (Japan)
4. Vesica Corporation (US)

MedTech Innovator’s 2023 Asia Pacific program sponsors include Johnson & Johnson, Olympus, Teleflex, Siemens Healthineers, B Braun Medical, Cambridge Consultants, JABIL Healthcare and Enterprise Singapore. The MedTech Innovator Asia Pacific Program is held in partnership with APACMed.

About MedTech Innovator

Based in Los Angeles, MedTech Innovator is the world’s largest accelerator of medical technology companies and the premier nonprofit startup accelerator in the medical technology industry. Its mission is to improve the lives of patients by accelerating the growth of companies that are transforming the healthcare system. Since 2013, MedTech Innovator has reviewed more than 9,000 startups and graduated 509 companies that have gone on to raise more than $6.8 billion in follow-on funding.

MedTech Innovator works closely with stakeholders across the industry to promote the growth of early and mid-stage startups. In collaboration with 35 corporate partners, as well as a broader network of more than 1,000 industry executives including investors, business development representatives, and other stakeholders, MedTech Innovator provides startups with individualized mentorship and feedback, funding opportunities, and continual engagement with peers and advisors.

For more information about MedTech Innovator, visit the website, and follow them on LinkedIn and Twitter. Follow MedTech Innovator Asia Pacific on LinkedIn.

About Asia Pacific Medical Technology Association (APACMed)

Founded in 2014 and headquartered in Singapore, APACMed represents manufacturers and suppliers of medical equipment, devices and in vitro diagnostics, industry associations and other key stakeholders associated with the medical technology industry in Asia Pacific.

Providing a unified voice for the medical devices and in-vitro diagnostics industry in Asia Pacific, APACMed works proactively with bilateral, regional and local government bodies to shape policies, demonstrate the value of medical technology and promote regulatory harmonization. We strive to promote digital health innovation and impact policy that advances healthcare access for patients by engaging with medical device associations and companies in Asia Pacific.

APACMed is also host to the annual Asia Pacific MedTech Forum. www.apacmed.org

Contact

Joe Duraes
Pazanga Health Communications
jduraes@pazangahealth.com
(917) 687-6419

Source : MedTech Innovator

 

ECI HIRES JEFF SCHMIDT AS CEO TO LEAD NEXT PHASE OF GROWTH

KUALA LUMPUR, June 7 (Bernama) -- ECI, the leader in managed services and cybersecurity for the global financial services industry, has appointed Jeff Schmidt as president and chief executive officer (CEO).

According to a statement, outgoing CEO of ECI, David Andrade will consult with Schmidt and the company during a transition period.

“I personally thank David for nearly two decades of exemplary service, including the past three years as CEO. David's contributions have helped build ECI into the powerful firm it is today and underpin the strong relationships and trust we enjoy with our clients and partners,” said Executive Chairman of ECI's Board of Directors, John Cahaly.

Schmidt is a leader in managed services, technology, and cybersecurity with a long track record of growing sales, increasing profits, managing complex acquisitions and integrations, building world-class teams, and boosting customer service and retention.

He joins ECI as the firm embarks on a new stage of growth to further secure its dominant role in the sector.

Meanwhile, Schmidt said: “ECI has more than two decades of experience solving its customers’ toughest challenges and helping them adopt new technology in an ever-changing environment.

“We will continue to answer the call from our customers and uphold our mission to be the most transformative business partner you will ever engage, as we grow our product offerings and expand our services into adjacent sectors.”

Most recently, Schmidt was the founding CEO of Avertium, a leading provider of cybersecurity services, where he tripled revenues over five years. Earlier, he held management positions of increasing responsibility at SQS, All Covered, and British Telecom.

-- BERNAMA