Perma-Pipe Posts Strong Q3 2024 Results With 29 Pct Increase In Net Income

KUALA LUMPUR, Dec 24 (Bernama) -- Perma-Pipe International Holdings Inc’s net income for the third quarter ended Oct 31, 2024 (Q3) increased to US$2.5 million from US$1.9 million in the same period last year, mainly driven by better project execution. (US$1=RM4.48)

Net sales, however, declined nine per cent to US$41.6 million for the quarter, from US$45.7 million previously, as a result of the timing of project execution.

The company's backlog in the third quarter reached a record of US$114.2 million, equivalent to approximately nine months of revenue based on past years, showing significant growth from US$68.5 million on Jan 31, 2024.

This growth in backlog represents the highest level since the company's transition from MFRI to Perma-Pipe in March 2017.

Its President and Chief Executive Officer, David Mansfield stated that the significant rise in infrastructure spending in Saudi Arabia, India, and the United Arab Emirates, has driven the company's improvements.

“We are pleased with the level of business activity we have experienced and continue to see, as supported by the significant rise in backlog and share price,” he said in a statement.

Meanwhile, basic earnings per share from continuing operations was US$0.31 compared to US$0.24 a year ago.

Gross profit improved by US$0.9 million, reflecting better margins from product mix. General and administrative expenses rose by US$1.6 million due to higher payroll and professional fees, while selling expenses decreased by US$0.3 million.

Net interest expense remained consistent at US$0.5 million, and other expenses dropped due primarily to exchange rate fluctuations in foreign currency transactions.

-- BERNAMA

CELEBRATING A YEAR OF INNOVATION: QIANHAI’S PATH TO A BRIGHTER FUTURE

KUALA LUMPUR, Dec 20 (Bernama) -- The Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Plan) has marked its first anniversary since its release, showing significant progress in reform, innovation, and international integration.

Over the past year, Qianhai has advanced as a pilot platform for comprehensive reform and innovation, a high-level portal for international openness, a leading area for deep integration between Shenzhen and Hong Kong, and a hub for high-quality development of modern service industries, driven by a more dynamic momentum of growth.

Qianhai's ongoing reforms and expansion of open policies have been key to its success. For the third consecutive year, it topped the institutional innovation index among China’s free trade pilot zones. Since the beginning of this year, Qianhai has launched 47 new innovations, bringing the total to 882.

Qianhai has become one of China’s fastest-growing and most open regions, with its import and export value of the Qianhai-Shekou area of the China (Guangdong) Pilot Free Trade Zone reaching a record 448.1 billion Chinese yuan in the first 10 months of 2024, representing a 58.3 per cent increase year-on-year.

According to a statement, the Qianhai Plan has also established the region as a key area for deepening the integration between Shenzhen and Hong Kong.

The Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (E-hub), a symbol of youth ambition, has supported 1,374 startup teams, including 955 from Hong Kong SAR, Macao SAR, and overseas, as of early December this year. Currently, more than 9,000 Hong Kong-funded enterprises are now registered in Qianhai.

Qianhai’s role as a financial cooperation hub is also highlighted by its growing significance in strengthening Hong Kong’s position as a global financial centre. Professionals, including those from Holman Fenwick Willan LLP, have praised the region’s environment and efficient transport links, which facilitate seamless connections between Hong Kong and Qianhai.

Acting as a hub for the high-quality development of modern service industries is Qianhai's strategic positioning and source of competitiveness. Over the past year, Qianhai has delivered remarkable achievements and a promising future is expected.

-- BERNAMA

LUMI GLOBAL ACQUIRES ASSEMBLY VOTING TO BOLSTER PRODUCT LEADERSHIP, EXPAND GLOBAL REACH

KUALA LUMPUR, Dec 20 (Bernama) -- Lumi Global, a global leader in technology-driven meeting solutions, has acquired Assembly Voting, a technology company specialising in end-to-end verifiable, cloud-based elections and voting solutions.

According to a statement, this strategic acquisition reinforces Lumi Global’s commitment to innovation via Assembly Voting's verifiable, scalable Electa platform while expanding its capabilities beyond the live meeting environment to new market opportunities.

Lumi Global Chief Executive Officer (CEO), Richard Taylor said the acquisition marked a bold step forward for Lumi Global, as the company extends its product capabilities beyond the meeting day and into the wider elections market.

“The integration of Assembly Voting’s innovative technologies with Lumi’s Global platform will unlock new opportunities, ensuring we remain at the forefront of technology-driven meeting, election and voting solutions in annual general meetings, investor relations, and member organisation worldwide,” added Taylor.

Meanwhile, Assembly Voting CEO, Jacob Gyldenkaerne said: “This partnership not only expands the reach of our technology but also enhances our ability to serve an even more diverse, global client base with end-to-end verifiable election solutions.”

Among the key highlights of the acquisition include Assembly Voting enhances Lumi Global's portfolio by introducing advanced end-to-end verifiability, ensuring secure, transparent, and verifiable election and voting processes for clients worldwide.

Meanwhile, the Electa platform is purpose-built for scheduled elections and asynchronous voting, complementing Lumi Global’s existing solutions for live meetings and synchronous voting. With a focus on verifiability, security, and scalability, Electa broadens Lumi's ability to support organisations at all stages of their decision-making, both prior to and during key meetings.

The deal also establishes Lumi Global’s presence in Denmark and Spain, opening new opportunities in these strategically significant markets, and it is strategically positioned to deploy the Electa platform across its key markets in North America, Europe, the Middle East, and Africa, as well as Asia Pacific.

The acquisition brings Assembly Voting’s experienced development team, enriching Lumi Global’s innovation pipeline and opening new avenues for collaboration and growth.

Lumi Global’s acquisition of Assembly Voting underscores its dedication to powering the meetings and elections that matter for trusted decisions worldwide.

-- BERNAMA

AM BEST AFFIRMS CREDIT RATINGS OF THE NEW INDIA ASSURANCE COMPANY LIMITED

SINGAPORE, Dec 13 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb+” (Good) and the India National Scale Rating (NSR) of aaa.IN (Exceptional) of The New India Assurance Company Limited (New India) (India). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect New India’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and marginal enterprise risk management (ERM). In addition, the ratings factor in the neutral impact from New India’s ultimate majority ownership by the Government of India.

New India’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which remained at the strongest level at fiscal year-end 2024, as measured by Best’s Capital Adequacy Ratio (BCAR). AM Best views that the majority of New India’s reinsurance assets are of good credit quality. In addition, the investment portfolio is of moderate risk. Although a large portion of investments are held in domestic government and corporate bonds, which are well-rated on the local scale, the balance sheet remains subject to volatility arising from the company’s allocation to domestic equity investments.

AM Best assesses New India’s operating performance as adequate. The company has reported positive operating results on a consolidated basis over the past five years, with an average return-on-equity ratio of 2.9% (fiscal years 2020–2024). In the fiscal year ending 31 March 2024, the company reported a deterioration in underwriting losses largely due to catastrophe losses and higher claims arising from its health and motor insurance. Robust investment income, including interest and dividend income, as well as realised gains from the sale of equity investments, continues to provide a sizable contribution to overall earnings. Despite remedial measures, challenging market conditions are likely to constrain the company’s underwriting results over the medium term, albeit overall operating results are expected to remain profitable.

New India’s favourable business profile assessment reflects its market position as the largest non-life insurer in India by gross premiums written. The company’s underwriting portfolio is diversified moderately by lines of business and distribution channels, although with an elevated concentration in health insurance.International geographical diversification is supported by the company’s overseas operations, through its foreign branches, agency offices and subsidiaries. The domestic market continues to present significant growth opportunities for New India, although AM Best considers high market competition, particularly in the health and motor businesses, to be an offsetting factor.

AM Best assesses New India’s ERM as marginal given that the profile of some key risks exceeds the company’s risk management capabilities and the ERM framework continues to evolve. The company’s audited financial statements have been qualified for several years as a result of internal control weakness in the reconciliation of certain items and accounts. Whilst New India is progressing on strengthening internal controls and has partially addressed some audit matters, inadequate resolution of audit matters has impacted the company’s financial reporting quality over a number of years. Elevated concerns persist over New India’s pricing discipline and underwriting risk management given the level of ongoing underwriting losses and the competitive market environment. Overall, whilst New India continues to take actions aimed at strengthening its ERM, there remains a gap between the company’s ERM framework and the global standards for an organisation of its scale. 

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MAVENIR AND BOOST MOBILE ACHIEVE INDUSTRY-FIRST VALIDATION AND COMMERCIAL IN-SERVICE FOR INTER-VENDOR OPEN RAN HANDOVER ON THE BOOST MOBILE NETWORK IN THE US

Open RAN solutions connected via a 3GPP Xn interface within Boost Mobile’s 5G infrastructure for seamless mobility

Boost Mobile’s customers experience uninterrupted and consistent service in areas using mixed Open RAN vendors

RICHARDSON, Texas, Dec 12 (Bernama-GLOBE NEWSWIRE) -- Mavenir and Boost Mobile (formerly DISH Wireless) announce the industry first inter-vendor Open RAN handover using the 3GPP Xn interface, across the Boost Mobile Network. This milestone demonstrates the seamless interoperability between different Open RAN (O-RAN) radio vendors, a critical proof point that O-RAN is not only viable but thriving in real-world deployments.

The Xn interface, as defined by 3GPP for 5G NR, facilitates communication between RAN nodes from different vendors, ensuring uninterrupted call continuity and a smooth user experience. RAN with proprietary interfaces constrain operators to rely on single-source networks confined to regional deployments. The Xn interface allows for the interconnection of both open and closed RAN nodes, promoting greater interoperability and vendor flexibility across the same region.

The validation achieved by Mavenir, a third-party radio vendor and Boost Mobile highlights the maturity in 3GPP and O-RAN and the possibilities in achieving a truly multi-vendor environment. By leveraging open interfaces and smooth interoperability, the O-RAN technology ensures that mobile devices can switch smoothly between different network components without affecting user experience. Boost Mobile’s customers can enjoy uninterrupted service and consistent connectivity, as the network is proven to handle mobility transitions between different O-RAN vendor solutions seamlessly, without any disruption.

The successful implementation of inter-vendor handover exemplifies the value of open interfaces and the potential of Open RAN architecture. This demonstrates how open interfaces facilitate the flexibility in choosing and integrating components from multiple vendors, reducing single-source dependency, lowering costs and accelerating network advancements through rapid interoperability and vendor collaboration. Mavenir and Boost Mobile’s role in this milestone, not only highlights industry leadership in Open RAN solutions, but reinforces their commitment to delivering superior connectivity solutions that enhance user experiences.

“At Boost Mobile, we believe in the power of Open RAN to drive innovation and enhance customer experience,” said Eben Albertyn, Chief Technology Officer, Boost Mobile. “By embracing open standards and interoperability, we, along with the help of Mavenir and the other third-party radio vendor, are not just building a more flexible network; we’re paving the way for a connected future where every customer can enjoy seamless connectivity across the Boost Mobile Network.”

“This achievement marks a significant milestone in the evolution of Open RAN, made possible through the collaboration with Boost Mobile,” said Pardeep Kohli, President, Chief Executive Officer, Mavenir. “By enabling seamless inter-vendor handovers, Mavenir is showcasing how Open RAN delivers flexible, cost-effective, and interoperable networks. This milestone underscores our commitment to empowering operators to build vendor-agnostic networks, ensuring scalable, high-quality connectivity for their customers.” 

About Mavenir

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com 

Mavenir PR Contacts:
Emmanuela Spiteri
PR@mavenir.com 

SOURCE: Mavenir Systems, Inc.

--BERNAMA

Mavenir, Terrestar Successfully Conduct Live Satellite NB-IoT Data Sessions

KUALA LUMPUR, Dec 11 (Bernama) -- Mavenir, the cloud-native network infrastructure provider, and Terrestar Solutions Inc (TSI), Canada’s premier mobile satellite operator, have successfully completed the first live data sessions for Narrowband Internet of Things (NB-IoT) via the TSI Echostar T1 satellite, a Geostationary Earth Orbit (GEO) Non-Terrestrial Network (NTN).

In a statement, Mavenir said this achievement, conducted under real-world conditions rather than simulations, highlights the robustness of this cutting-edge technology.

Mavenir President and Chief Executive Officer (CEO), Pardeep Kohli emphasised that non-terrestrial networks offer a solution for delivering universal coverage, especially in regions where traditional mobile services are economically unfeasible.

Meanwhile, TSI CEO, Jacques Leduc highlighted the success of the joint NTN solution and the launch of the Montreal lab, which will further accelerate testing and large-scale IoT deployments across Canada.

The testing took place in Allan Park, Ontario, and demonstrated key functions such as Network Attach, Paging, Ping, data sessions, and Non-IP Data Delivery (NIDD). The trials also included continuous 24-hour connectivity, further validating the maturity and stability of Mavenir’s solution in practical scenarios.

The data sessions were conducted using commercial IoT modules, showcasing the readiness of the technology for commercial deployment using 3GPP-standardised products from various vendors.

Mavenir developed a custom Radio Access Network (RAN) interface to integrate seamlessly with TSI’s satellite ground station equipment, aligning with TSI’s infrastructure to deliver satellite-based NB-IoT services.

This milestone lays the groundwork for future advancements, as Mavenir and TSI actively develop enhanced capabilities, including voice services and 5G NR, with further testing planned across Canada, ultimately providing ubiquitous satellite coverage, even in the most remote regions.

Additionally, Mavenir and TSI have launched a state-of-the-art lab in Montreal to advance NB-IoT testing and facilitate integration with TSI’s partners.

The lab, equipped with Mavenir’s RAN and Core solutions, is dedicated to advancing NTN on NB-IoT technology. This initiative is a key step in accelerating the development and deployment of satellite-based connected services, reinforcing the commitment to innovation and collaboration in space.

-- BERNAMA

KIOXIA NVME SSD CRYPTOGRAPHIC MODULE ACHIEVES FIPS 140-3 LEVEL 2 VALIDATION

 

KIOXIA CM7 Series PCIe 5.0 NVMe Enterprise SSD (Photo: Business Wire)

KIOXIA CM7 Series Enterprise SSD Controller Cryptographic Module Meets Latest Security Requirements of NIST Cryptographic Module Validation Program

TOKYO, Dec 11 (Bernama-BUSINESS WIRE) -- Kioxia Corporation, a world leader in memory solutions, today announced that the cryptographic module used in KIOXIA CM7 Series PCIe^® 5.0 NVMe™ Enterprise SSDs has been validated to meet Federal Information Processing Standard (FIPS) 140-3, Level 2 for cryptographic modules. 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241209242540/en/ 

The FIPS 140-3 standard specifies a set of security requirements of the Cryptographic Module Validation Program administered by the National Institute of Standards and Technology (NIST), used as a security metric for federal agencies to procure validated IT equipment. Companies and federal agencies may prefer or may now be required to deploy newer, more stringent government standards – which SSDs validated to FIPS 140-3 requirements would meet. Compared to the previous FIPS 140-2 requirements, 140-3 provides higher standards for SSDs, including a stronger authentication method and updated implementation guidance.

Kioxia brought PCIe 5.0 technology to server and storage applications with the KIOXIA CM7 Series NVMe SSD. Targeted at enterprise applications and use cases – including artificial intelligence, high-performance computing, online transaction processing database, and data warehousing – KIOXIA CM7 Series drives bring enterprise performance, reliability and security to data center servers and storage.

KIOXIA CM7 Series SSD Key Features include:

·  PCIe 5.0 compliant NVMe SSDs in 2.5-inch⁽¹⁾ and E3.S SSD form factors
·  Dual and single-port support
·  Read-intensive and mixed-use endurances
·  Capacities from 1.6 terabytes (TB) to 30.72 TB (15.36 TB in E3.S form factor)
·  Security options include: sanitize instant erase (SIE) ⁽²⁾, TCG Opal self-encrypting drive (SED) ⁽³⁾ and SED utilizing FIPS 140-3 Level 2 module

Notes:
(1)		"2.5-inch" indicates the form factor of the SSD. It does not indicate the drive's physical size.
(2)		SIE optional model supports Crypto Erase, which is a standardized feature defined by the technical committees (SCSI) of INCITS (the InterNational Committee for Information Technology Standards).
(3)		SED optional model supports TCG Opal and Ruby SSCs. It does not support some features of TCG Opal SSC.   *        Definition of capacity: Kioxia Corporation defines a megabyte (MB) as 1,000,000 bytes, a gigabyte (GB) as 1,000,000,000 bytes and a terabyte (TB) as 1,000,000,000,000 bytes. A computer operating system, however, reports storage capacity using powers of 2 for the definition of 1GB = 2^30 bytes = 1,073,741,824 bytes and 1TB = 2^40 bytes = 1,099,511,627,776 bytes and therefore shows less storage capacity. Available storage capacity (including examples of various media files) will vary based on file size, formatting, settings, software and operating system, and/or pre-installed software applications, or media content. Actual formatted capacity may vary. *        Security optional models are not available in all countries due to export and local regulations.   *        PCIe is a registered trademark of PCI-SIG. *        NVMe is a registered or unregistered trademark of NVM Express, Inc. in the United States and other countries. *        All other company names, product names and service names may be trademarks of third-party companies.  http://mrem.bernama.com/viewsm.php?idm=49981

SMARTDV LICENCES CUSTOMISED SDIO IP TO RANIX FOR V2X PRODUCTS

KUALA LUMPUR, Dec 3 (Bernama) -- SmartDV Technologies, provider of flexible, highly configurable, customisable semiconductor design intellectual property (IP) and verification IP (VIP), announced the licensing of its SDIO IP family to RANiX for integration into their Vehicle-to-Everything (V2X) products.

In a statement, the company said this collaboration supported the development of advanced automotive communication solutions that enable safer, smarter, and more connected vehicle ecosystems.

“Our solutions exemplify SmartDV’s commitment to advancing connectivity in automotive technologies, and the customisations we are undertaking for RANiX shine a light on a key advantage customers can leverage in selecting SmartDV as their trusted IP vendor,” said SmartDV Technologies Global Sales Director, Mohith Haridoss.

Meanwhile, RANiX Managing Director, Shawn Lee said this collaboration enhanced its mission to make transportation safer, smarter, and more connected, setting new benchmarks in automotive innovation.

SDIO IP from SmartDV offers robust, high-performance data transfer capabilities critical to the seamless functionality of V2X systems.

Its interfaces allow for efficient communication between processors and memory devices, going beyond storage to integrate and control memory operations while connecting external peripherals, supporting high performance and reliability in complex systems.

These IP cores facilitate reliable communication between automotive components, enhancing connected vehicle technologies such as vehicle safety communications, real-time traffic updates, and driver assistance features.

To meet RANiX’s unique design goals, SmartDV will customise the IP to go beyond the standard SDIO functionality, thereby empowering RANiX to differentiate from their competitors.

The company will also provide RANiX with the requisite support and documentation to achieve Automotive Safety Integrity Level (ASIL) certification for ISO 26262.

SmartDV continues to be a key partner in delivering cutting-edge IP solutions tailored to the evolving needs of the automotive industry around the globe.

-- BERNAMA

EMGA Secures US$30 Mln Debt Financing For Uzbekistan’s Ipak Yuli Bank

KUALA LUMPUR, Dec 2 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has completed its first transaction for Ipak Yuli Bank in Uzbekistan, securing US$30 million from the OPEC Fund for International Development (OPEC Fund). (US$1=RM4.44)

In a statement, EMGA Head of Investment Banking and Managing Director, Sajeev Chakkalakal highlighted the successful completion of the transaction despite the challenging global macroeconomic environment.

He noted that this deal would facilitate Ipak Yuli’s continued vision to support small and medium-sized enterprises (SMEs) in Uzbekistan while also expanding the presence of OPEC Fund’s ongoing operations in the region.

Commenting on the transaction, Ipak Yuli Chairman, Saydakhmedov Saidabror expressed his satisfaction being the first private bank in Uzbekistan to partner with the OPEC Fund and emphasised the significance of this collaboration in supporting the development of the micro, small, and medium-sized enterprises (MSME) sector in the country.

“We share common values with the OPEC Fund in fostering entrepreneurship and are confident that this partnership will lay the foundation for expanding our cooperation in the future, contributing to the further development of the economy and creating new opportunities for businesses,” said Yuli.

Meanwhile, OPEC Fund President, Abdulhamid Alkhalifa said: “Our partnership with Ipak Yuli Bank reflects our targeted approach to support Uzbekistan’s private sector transformation. By facilitating access to finance for businesses, including those led by women, we are helping unlock their potential to contribute to the country’s sustainable economic growth.”

Established in December 1990, Ipak Yuli is a joint-stock commercial-innovation bank in Uzbekistan, providing banking services to individual entrepreneurs, SMEs, state organisations and institutions, and corporate customers.

The OPEC Fund is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively, working in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries worldwide.

EMGA, with offices in London and New York, helps financial institutions and corporations seeking new debt or equity capital, particularly in emerging markets and frontier economies, including Uzbekistan which remains a key market.

-- BERNAMA

SIMPPLE LTD. ANNOUNCES SALE AND DEPLOYMENT OF 89 AUTONOMOUS CLEANING ROBOTS ACROSS THREE MAJOR MRT LINES IN SINGAPORE OPERATED BY SMRT TRAINS

SINGAPORE, Nov 25 (Bernama-GLOBE NEWSWIRE) -- SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management sector, through its subsidiary, today announced that the Company had completed the sale and successful deployment of 89 autonomous cleaning robots across Singapore, marking the largest robotic fleet in the land transport sector with rail operator SMRT Trains.
 

Aligned with the broader Singapore Government initiative to push towards greater automation and digital transformation, SMRT Trains awarded the autonomous cleaning robot contract to SIMPPLE’s subsidiary to deploy across three major train lines of Singapore’s Mass Rapid Transit (MRT) system in Singapore. The aggregate contract value with SMRT Trains remains undisclosed due to confidentiality provisions.

These robots utilise advanced sensors and artificial intelligence to navigate through MRT stations with precision, ensuring a more thorough and consistent clean without human intervention. Intended to significantly accelerate the speed and efficiency of cleaning operations, these robots relieve the cleaning workforce of strenuous and repetitive tasks.

As demand for environmental services continues to rise, driven by economic sophistication and urbanization, public expectations on maintaining good standards of public hygiene remain high amidst Singapore’s international reputation as a Clean and Green city. That said, the tight labour market and aging workforce in Singapore compel forward-looking enterprises like SMRT Trains to adopt new technologies like SIMPPLE’s robotics to complement an already manpower-lean workforce while enabling existing staff to focus on more complex tasks. As part of the contract to work in tandem with the cleaning workforce, SIMPPLE also trained the cleaners at the MRT stations to operate robots, analyse robot-collected data, and project trends to optimize workflows to maximize efficiency.

Over the past months, SMRT Trains has witnessed a cleaner environment and a more productive workforce. These autonomous cleaning robots clean a defined area three times faster than workers, which in turn, frees up time for them to focus on restroom cleanliness and productive task assignments. As a result of these improvements, SMRT Trains was recently recognised as the Organisation (Public Sector) of the Year at the Let’s Observe Ourselves (LOO) Award Ceremony on November 19. Organisations are nominated based on their efforts in promoting and enhancing the standard of restroom cleanliness as well as adoption of smart solution on amenities maintenance.

"We are thrilled to supply our robots all across Singapore’s MRT stations. Partnering with SMRT Trains to transform facility management operations with autonomous cleaning robots is a step in the right direction as Singapore transitions to outcome-based contracting,” said Norman Schroeder, chief executive of SIMPPLE Ltd. “We celebrate SMRT Trains’ tech-progressive mindset and achievement for this LOO award. This deployment to supply 89 robots marks our strategic expansion into the rail transport sector in Singapore, and possibly more going forward. SIMPPLE stands ready to support all other overseas rail operators in their own countries with our autonomous cleaning robotics solutions.”

About SIMPPLE LTD.

Headquartered in Singapore, SIMPPLE LTD. is an advanced technology solution provider in the emerging PropTech space, focused on helping facilities owners and managers manage facilities autonomously. Founded in 2016, the Company has a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors and extending out of Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things ("IoT") devices. 

For more information on SIMPPLE, please visit: https://www.simpple.ai

Safe Harbor Statement

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur. 

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China, Brazil Strengthen Ties For A Just And Sustainable Future - CGTN

KUALA LUMPUR, Nov 21 (Bernama) -- China Global Television Network Corporation (CGTN), an international media organisation, in a recent article highlights the growing cooperation between China and Brazil as they strive for a more equitable and sustainable world.

A key example of their collaboration is the Belo Monte UHV transmission project, which was signed in 2014. This mega-project, spanning over 2,000 kilometres over tropical rainforests and rivers, has not only provided power to industrial hubs but also alleviated power shortages for over 22 million Brazilians.

The project has successfully transmitted 180 terawatt hours of hydropower, cutting 170 million tonnes of carbon dioxide (CO2) emissions and saving 64 million tonnes of coal.

Chinese President Xi Jinping emphasised the two countries' partnership as "golden partners" aiming for a shared future, while Brazilian President Luiz Inácio Lula da Silva praised China's role in Brazil's energy transition.

Both countries have elevated their ties to a China-Brazil community with a shared future for a more just world and a more sustainable planet, and agreed to align the Belt and Road Initiative with Brazil's development strategies, according to a statement.

As they celebrate 50 years of diplomatic ties, China and Brazil continue to deepen their cooperation in areas such as renewable energy, economic trade, and cultural exchange. China remains Brazil’s largest trading partner, and their joint efforts in renewable energy projects are driving both nations toward greener economies.

In addition, Xi called on the two countries to deepen synergies of their development strategies and enhance cooperation in areas including aerospace, agriculture, clean energy, and poverty reduction.

The two countries have also been working closely on global issues, advocating for peace, climate change solutions, and development strategies, with both countries committed to reducing poverty and are praised for their positive role in peace.

-- BERNAMA

H2O.AI LAUNCHES INDUSTRY'S FIRST MULTI-AGENT GEN AI PLATFORM

KUALA LUMPUR, Nov 22 (Bernama) -- H2O.ai, the leader in open-source generative artificial intelligence (Gen AI) and the most accurate predictive AI platforms, has announced the industry-first convergence of predictive AI and Gen AI in its enterprise h2oGPTe platform.

According to a statement, the new agentic capabilities enable h2oGPTe agents to seamlessly integrate H2O.ai’s predictive AI models into autonomous workflows, ushering in a new era of operational efficiency and intelligent automation.

This breakthrough transforms h2oGPTe into the only end-to-end enterprise AI platform to converge Gen AI and predictive AI capabilities in air-gapped, on-premise and cloud environments, ensuring both compliance and innovation.

H2O.ai Founder and Chief Executive Officer, Sri Ambati said multi-agent systems are the digital workforce of tomorrow, equipped not only to act but to adapt, collaborate, and evolve.

“Our pioneering work with agentic AI allows organisations to unlock the potential of converged predictive and generative intelligence, moving beyond automation to true transformation of enterprise workflows,” he said.

Built for industries like finance, telco, healthcare, and government, h2oGPTe’s multi-agent AI system autonomously manages complex, multi-step tasks, drawing from both generative insights and predictive accuracy to enhance enterprise decision-making with transparency and control.

To further illustrate, an agent can classify customer call centre inquiries into over 80 categories using a fine-tuned H2O Danube model at a fraction of the cost of traditional large language models (LLMs).

This system is then orchestrated with an agentic AI framework powered by state-of-the-art LLMs to dynamically provision operators using a predictive AI agent, enabling efficient complaint resolution.

With its rich set of features, such as multimodal agentic AI with predictive model integration; coding assistant for rapid prototyping; intelligent model routing for optimised performance; and multimodal audio and vision analysis, h2oGPTe provides robust agent reliability, document AI capabilities, and advanced safety protocols.

-- BERNAMA

TIGO ENERGY, SOLAR HIVE TO SHOWCASE SOLAR SAFETY TECH SOLUTIONS AT MALAYSIA EVENT

KUALA LUMPUR, Nov 21 (Bernama) -- Tigo Energy Inc (Tigo), an intelligent solar and energy software solutions provider, has announced plans to present on advanced solar safety technology with regional equipment distribution leader, Solar Hive, at an event in Kuala Lumpur on Nov 25.

At the Tigo Solar Hive Technical Event, the presentation will focus on the growing importance of solar safety and how installers can comply with new regulations in the Malaysian market, while highlighting their innovative solar rapid shutdown and monitoring solutions.

Tigo Energy chief marketing and customer experience officer, James (JD) Dillon stressed the urgency in preparing installers for rapid shutdown standards, highlighting the importance of the seminar in providing both educational materials and practical lessons from global markets.

“The Malaysian market has tremendous potential for solar, and we look forward to supporting this growth,” he said in a statement.

With rapid shutdown gaining significant attention in Malaysia and backing from fire safety organisations, the event aims to address the growing need for such systems. Tigo's collaboration with Solar Hive will showcase the Tigo TS4-X product line, which enables installers to use high-power modules up to 800 watts, suitable for commercial, industrial, and utility-scale applications.

This product incorporates Tigo’s patented technology and is compatible with 980 inverter models from 48 third-party brands. With its safety, monitoring, and optimisation features, the TS4-X series ensures efficiency and versatility for energy-critical sectors.

Guidelines on fire safety for rooftop solar installations in Malaysia, issued by the Fire and Rescue Department of Malaysia (JBPM), are paving the way for rapid shutdown requirements similar to those in the United States and increasingly adopted worldwide.

Tigo sees this as an opportunity to educate stakeholders on the value of these systems, helping to mitigate critical risks and enhance safety in rooftop solar installations. As a leader in module-level power electronics (MLPE), Tigo demonstrates how its solutions ensure compliance while improving safety and operational efficiency.

Also at the event, both companies will provide educational materials, including case studies from successful installations across Asia, along with hands-on training on rapid shutdown and monitoring technologies enabled by the Tigo Energy Intelligence platform to further advance Malaysia’s solar community.

-- BERNAMA

WINNERS OF INAUGURAL ASEAN STEEL ARCHITECTURAL AWARDS ANNOUNCED AT GRAND EVENT IN MALAYSIA

 

^{(Photo: Business Wire)}


SINGAPORE, Nov 19 (Bernama-BUSINESS WIRE) -- The winners of the first BlueScope Steel Architectural Awards ASEAN were crowned at a gala dinner event in Kuala Lumpur, Malaysia this November 14. A number of respected industry bodies -- the Association of Siamese Architects under Royal Patronage (ASA), Thailand, Ikatan Arsitek Indonesia (IAI), the University of Architecture Ho Chi Minh City (UAH), Malaysia’s ACG Media Group and AustCham Singapore, partnered with NS BlueScope, to create this awards program to celebrate the most innovative and creative uses of steel across a diverse range of architectural projects in the region.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118686723/en/

 

There were five award categories, with one winner selected from shortlisted projects in each. Companies from Malaysia, Thailand, Indonesia, and Vietnam, participated with the ASEAN finalists drawn from total 14 winning entries in the respective national competitions. Projects were assessed on Design Excellence, Innovation, and Sustainability, with the judges scoring a range of features from aesthetic merit to functionality and efficiency, with a particular focus on how they are serving their local communities.

The winners of the individual categories are:

• Industrial: The Industrial Foundry for Marine Vessels, by Ar. Naksit Wisetmora
• Commercial: VanaVasa Resort, by M J Kanny Architect
• Residential: LAAB is More, by Studio Sifah
• Institutional and Others: Masjid Daing Abdul Rahman, by Razin Architects
• Long Lasting Beauty of COLORBOND® steel: CIDB Convention Centre, by Arkiskape

“This new awards program will shine a deserving spotlight on some of the greatest steel architectural triumphs of our region. As an industry leader in painted and coated steel solutions, we are proud that we contribute to the innovation of building industry and help enable those beautiful, well-designed projects that are genuinely forging our communities and advancing sustainability,” said Connell Zhang, Chief Executive of NS BlueScope & China.

The winners were announced at the Awards Ceremony at the Hilton Kuala Lumpur Hotel. Around 150 representatives attended the event, including a selection of notable Guests of Honour, including the Australian High Commissioner to Malaysia, Ms. Danielle Heinecke, who praised the beauty of the winning entries and noted the strong contributions they made to their local communities.

For more information on the winners of the BlueScope Steel Architectural Awards ASEAN click Here.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20241118686723/en/

Contact

James Li | Vice President, Business Transformation, NS BlueScope Pte. Ltd.
T +65 6832 3512 | M +65 9626 2750
E james.li@bluescope.com | W www.nsbluescope.com

Source : NS BLUESCOPE

DUCK CREEK ESTABLISHES CENTER OF EXCELLENCE IN POLAND TO ENHANCE GLOBAL SUPPORT FOR CUSTOMERS

WARSAW, Poland, Nov 13 (Bernama-GLOBE NEWSWIRE) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announced its second Center of Excellence (CoE) will open in Warsaw, Poland. The new CoE, alongside the one in India, strengthens Duck Creek’s ability to support EMEA and APAC customers by leveraging international talent to deliver 24-hour customer service. This move underscores Duck Creek’s commitment to efficiently address local needs while broadening global reach.

Duck Creek is targeting full operational status by the end of the year. This new center broadens Duck Creek’s hiring pool, providing access to specialized skills that support long-term growth and success.

Poland’s strategic location allows Duck Creek to offer seamless, “follow-the-sun” support, positioning teams closer to EMEA and APAC clients and facilitating cross-time-zone collaboration. The Poland and India CoEs will work together to enhance resilience and deliver consistent support for Duck Creek’s customers.

“We are excited to expand our footprint in Poland, which is a testament to our commitment to harnessing global talent and fostering innovation to support our cloud-based insurance solutions to customers worldwide,” said Courtney Townsend, Chief People Officer of Duck Creek Technologies.  “Our new Center of Excellence in Poland marks a pivotal milestone in our European expansion and aligns with our goal to streamline operations  while continuing to deliver exceptional products and services.” 

http://mrem.bernama.com/viewsm.php?idm=49770

TOSHIBA STARTS TEST-SAMPLE SHIPMENTS OF A BARE DIE 1200V SIC MOSFET WITH LOW ON-RESISTANCE AND HIGH RELIABILITY, FOR USE IN AUTOMOTIVE TRACTION INVERTERS

 

Toshiba: X5M007E120, a bare die 1200V silicon carbide (SiC) MOSFET for automotive traction inverters with an innovative structure that deliver both low On-resistance and high reliability. (Graphic: Business Wire) 

KAWASAKI, Japan, Nov 12 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has developed "X5M007E120," a bare die^¹  1200V silicon carbide (SiC) MOSFET for automotive traction inverters^² with an innovative structure that deliver both low On-resistance and high reliability. Test samples are now shipping, for evaluation by customers.
 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111843329/en/ 

The reliability of typical SiC MOSFETs is degraded by increased On-resistance when its body diodes are bipolar energized^³  during reverse conduction operation^⁴ . Toshiba SiC MOSFETs alleviate this issue by a device structure that embeds Schottky barrier diodes (SBDs) into the MOSFET to inactivate body diodes, but positioning the SBDs on the chip reduces the area available for channels that determines the resistance of MOSFET On-operation and increases the chip’s On-resistance.
 

The SBDs embedded in X5M007E120 are arrayed in a check pattern, not the typically used striped pattern, an arrangement that effectively suppresses bipolar energization of the device’s body diodes, while improving the upper limit of unipolar operation to approximately twice the current area, even when taking up the same SBDs mounting area^⁵ . Channel density is also improved against the striped array, and On-resistance per unit area is low, reduced by approximately 20% to 30%^⁵ . This improved performance, low On-resistance while maintaining reliability against reverse conduction operation, will save energy in inverters used for motor control, such as automotive traction inverters.

Reducing On-resistance in an SiC MOSFET causes excess current flow through the MOSFET during short-circuit^⁶, reducing short-circuit durability. Enhancing the conduction of the embedded SBDs to improve the reliability of reverse conduction operation also increases current leakage during short-circuit, again decreasing short-circuit durability. The new bare die has a deep barrier structure^⁷ that suppresses excessive current in the MOSFET and leakage current in SBDs during short circuit status, improving its durability while maintaining excellent reliability against reverse conduction operation.

http://mrem.bernama.com/viewsm.php?idm=49754

Second Edition Of International Film Criticism Conference Concludes In Riyadh

 

_{The International Film Criticism Conference is launched in Riyadh (Photo: AETOSWire)} 

KUALA LUMPUR, Nov 11 (Bernama) -- The second edition of the International Film Criticism Conference, organised by the Saudi Film Commission, kicked off recently for five days beginning Nov 6, in Riyadh.

Held under the theme "Sound in Cinema", this year’s conference explored the various impacts of sound on the film experience and its influence on the film industry, with the discussions covering different elements such as film scores, sound effects, and nature sounds.

According to a statement, with activities such as workshops, film screenings, and interactive exhibits, the conference is distinguished by a vast presence of international filmmakers, critics, as well as cinephiles.

The opening ceremony started with an introductory video about the conference, its objectives, and past achievements, followed by a speech from Saudi Film Commission Chief Executive Officer, Abdullah bin Nasser Al-Qahtani.

He said the Saudi Film Commission is dedicated to establishing, developing, and sustaining a strong and vibrant film industry, in line with Saudi Vision 2030.

“The Film Commission focuses on empowering criticism as an intellectual and artistic tool that illuminates the path of cinema and opens new prospects for it,” he added.

The ceremony also included a speech by prominent Saudi director, Abdullah Al-Mohaisen, followed by a screening of the film “Assassination of a City”, a pioneering Saudi documentary that won several international awards.

Moreover, a follow-up discussion was held between the director and moderated by film critics Ahmad Shawqi and Ahmad Alayyad.

-- BERNAMA

MONSHA'AT: 23 AGREEMENTS WORTH OVER SAR 580 MILLION SIGNED ON DAY 3 OF BIBAN 2024

RIYADH, Saudi Arabia, Nov 11 (Bernama-GLOBE NEWSWIRE) -- On the third day of the Biban24, organized by the Small and Medium Enterprises General Authority (Monsha'at) under the theme "A Global Destination for Opportunities," over 23 agreements were signed, along with several project launches valued at more than 580 million SAR. Taking place at the Riyadh Front Exhibition & Conference Center, Biban 2024 aims to drive the growth and development of the Saudi entrepreneurial ecosystem, fostering collaboration among local and international entrepreneurs.

Emphasizing its commitment to advancing entrepreneurship in the Saudi tourism sector, The Tourism Development Fund (TDF) has announced the signing of several landmark agreements with a range of financial institutions — including Arab National Bank, Raedah Finance, Tawkeel Finance, Murabaha Marena, Al Jabr Finance, Taseer Arabia, and Manafea Finance — at Biban24.

In line with Vision 2030, these agreements are fully geared towards strengthening small and medium-sized enterprises in the tourism sector and supporting projects that contribute to the development of local tourism.

Reaffirming its commitment to powering the future of the Kingdom’s SME sector, Monsha’at also signed a strategic agreement with Microsoft Saudi Arabia to equip entrepreneurs with the tools to realize their potential by providing greater access to vital technical and technological guidance, as well as cloud services through the Founder Hub platform.

At the event, Microsoft Saudi Arabia also announced an Entrepreneurship Competition to support the entrepreneurial sector and encourage the growth of SMEs.

Day 3 of Biban 2024 also saw Monsha’at partner with Oracle to enhance incubator and accelerator programs in the Kingdom and beyond. The partnership will leverage Monsha’at and Oracle’s resources to offer cloud services, data analytics tools, and AI solutions to support startups and SMEs.

This included the announcement of Monsha’at’s partnership with Zoom to offer discounted and comprehensive virtual meeting solutions. Google also officially announced a strategic agreement with Monsha’at to launch the Digital Marketing Enablement Initiative.

The final rounds of the Entrepreneurship World Cup also picked up pace, with over 100 finalists taking part in the finals of the annual startup pitch competition.
https://bibanglobal.sa/  

Contact:
Tarek Chahine
tchahine@webershandwick.com


SOURCE : Monsha’at

ZENAS BIOPHARMA TO ATTEND UPCOMING HEALTHCARE INVESTOR CONFERENCES

KUALA LUMPUR, NOV 8 (Bernama) -- Zenas BioPharma Inc (Zenas), a clinical-stage global biopharmaceutical company, has announced its participation in several upcoming healthcare investor conferences.

Zenas will participate in Guggenheim’s Inaugural Healthcare Innovation Conference on Nov 12 in Boston, Massachusetts, United States (US).

Meanwhile, the company's presentation at the Jefferies London Healthcare Conference will take place on Nov 19 in London, United Kingdom, according to a statement.

Additionally, Zenas will also be presenting at Citi’s 2024 Global Healthcare Conference on Dec 3 in Miami and the Evercore ISI HealthCONx Conference on Dec 4 in Coral Gables, both in the state of Florida, US.

Live webcasts and archived replays of the company’s presentations at the Jefferies, Citi and Evercore conferences can be accessed under “Events and Presentations” in the Investors and Media section of Zenas official website.

Zenas is committed to becoming a leader in the development and commercialisation of inflammation and immunology-directed therapies, aiming to improve the lives of those facing autoimmune and rare diseases.

-- BERNAMA

DUCK CREEK TECHNOLOGIES SELECTED TO DELIVER MDA NATIONAL'S NEW POLICY ADMIN, BILLING AND DATA SOLUTIONS

The partnership will help MDA National increase the support offered to their members, strengthening the medical care available to communities SYDNEY, Nov 7 (Bernama-GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has been selected by MDA National (MDAN), an Australia-wide medical defence organisation providing support and protection to over 50,000 members, to deliver their new policy administration, policyholder portal, billing and next-gen analytics and insights solutions. Duck Creek’s platform will help MDAN develop and provide innovative new services, improved member self-service and enhanced data-driven risk management capabilities, allowing them to increase the support and protection offered to their growing medical practitioner member base, in turn strengthening the medical care available to communities.  Duck Creek’s cloud-based OnDemand platform will replace MDAN’s legacy system to improve the ease of doing business for both members and staff, increase speed of change, and help create a more agile and innovative service-led model. Duck Creek’s solutions were preferred due to their out-of-the-box capabilities, re-usable, and customisable modular architecture, user-experience led design, configurability, automation and future-proof capacity. Duck Creek’s extensive experience serving the local, and international, medical indemnity markets was also a significant influencing factor.  “Transforming our technological capability through our partnership with Duck Creek will significantly enhance our ability to deliver on our purpose of supporting and protecting members whilst promoting good medical practice, leading to a successful and sustainable future,” said Ian Anderson, Chief Executive Officer of MDA National.   “Apart from enabling growth in membership, the program will allow the agility to create new services that support members’ everchanging needs, enable access to data that gives us enhanced ability to capture opportunities and proactively manage risk,” he said. “The increase in automation will improve productivity and keep costs low for members, whilst freeing up our dedicated team of staff to continue to provide the personalised guidance and care that our members need.”  “We look forward to being a strategic technology partner to MDAN as they deliver new and innovative offerings that meet and surpass the evolving needs of Australia’s medical professionals,” said Christian Erickson, Managing Director of APAC of Duck Creek Technologies. “Duck Creek continues to meet the needs of our partners and customers by delivering mission critical insurance SaaS technology to key medical indemnity and general insurers in Australia and the rest of the world.”   About MDA National  MDA National is a Member-owned, Australia-wide Medical Defence Organisation (MDO) providing medico-legal support and comprehensive protection to over 50,000 Members and Insureds. Operating since 1925, our sole purpose is to provide the support and protection that our Members need, so that they can continue to provide quality medical care, benefiting the communities in which we all live.   We have a team of dedicated in-house medico-legal advisers and case managers providing personalised, timely medico-legal advice and unwavering care. We remain committed to being a financially strong and sustainable organisation that supports our Members throughout every stage of their professional career, with access to additional resources such as CPD accredited (on-demand) education, professional development training and health and wellbeing support.  About Duck Creek Technologies  Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.  Media Contact  Chris Hamilton  Head of Marketing & Communications (APAC)  E: Chris.hamilton@duckcreek.com  SOURCE : Duck Creek Technologies

HCLTECH ANNOUNCES NEW AI/CLOUD NATIVE LAB IN SINGAPORE IN PARTNERSHIP WITH SINGAPORE ECONOMIC DEVELOPMENT BOARD

SINGAPORE & NOIDA, India, Nov 5 (Bernama-BUSINESS WIRE) -- HCLTech, a leading global technology company, today announced the creation of a new Singapore-based AI/Cloud Native Lab. HCLTech’s Lab in Singapore will be the company’s fifth in its global network, expected to open in 2025.

The Lab, joining others in the US, UK, Germany and India, will be supported by EDB and assist enterprises in the region in accelerating their AI initiatives through HCLTech’s comprehensive suite of integrated AI and GenAI offerings, including AI Force and AI Foundry. The Lab in Singapore will also partner with Nanyang Polytechnic and Singapore Polytechnic to collaborate on transferring knowledge and nurturing young talent and mid-career individuals In AI.

Roshni Nadar Malhotra, Chairperson, HCLTech, made the announcement today at an event with the Ministry of Digital Development and Information of Singapore and the Singapore Economic Development Board (EDB). Senior academic members from Nanyang Polytechnic and Singapore Polytechnic also attended the event.

“Our Labs are a conducive starting point for enterprises that want to embark on a collaborative journey to develop blueprints for AI and GenAI-led efficiencies, new business capabilities, skilling roadmaps and overall organizational competitive advantage with a pragmatic approach,” said Vijay Guntur, Chief Technology Officer and Head of Ecosystems, HCLTech. “We are very excited to add Singapore to our network, which will go a long way in further strengthening Singapore’s position as a regional hub for AI innovation,” he added.

Singapore has made significant strides in helping companies adopt and innovate with AI across sectors including financial services, manufacturing and SMEs. In 2023, the Singapore government launched the Singapore National AI Strategy 2.0, highlighting its commitment to leading global AI innovation. This strategy aims to build a trusted and responsible AI ecosystem.

“DISG has been driving the adoption of AI across key industries and Singapore-based corporates, and HCLTech’s AI Lab supports this mission,” said Mr Philbert Gomez, Executive Director, Digital Industry Singapore (DISG). “We are pleased to partner with HCLTech for the launch of its AI Lab in Singapore, which provides enterprises with the tools to rapidly experiment with and scale AI solutions to unlock new business value from Singapore.”

HCLTech has been operating in Singapore for over four decades, building a strong technology presence and working with many notable clients. Singapore is the hub for HCLTech's Southeast Asia operations and has led technological advancements, including Asia's first Wi-Fi-based patient tracking system and various projects for the Singapore government.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20241103302706/en/

Contact

For further details, please contact:

James Galvin, ANZ
james.galvin@hcltech.com

Meredith Bucaro, Americas
meredith-bucaro@hcltech.com

Elka Ghudial, EMEA
elka.ghudial@hcltech.com

Nitin Shukla, India
nitin-shukla@hcltech.com

Source : HCLTech

Unipart Secures Contract With Vanchanggo To Provide E-commerce Services

KUALA LUMPUR, Oct 29 (Bernama) -- Unipart, the supply chain solutions and performance improvement technologies partner, has won a three-year contract with Vanchanggo, a rapidly expanding business-to-business (B2B) and business-to-consumer (B2C) pet supplies retailer based in South Korea.

Unipart will provide comprehensive e-commerce services to Vanchanggo from its 12,000 square metre facility in the Gyeonggi-do Province, optimising its supply chain to ensure a seamless and efficient logistics operation. The facility opened earlier this month.

Unipart Managing Director, Asia Pacific, Carl Williams said the company is delighted to have won this contract with Vanchanggo and looked forward to driving efficiency and growth within Vanchanggo’s operations.

“This three-year contract represents a significant achievement for Unipart, underscoring our growing influence and capability in the region.

“By entering South Korea’s dynamic e-commerce market, Unipart is further solidifying itself as a versatile and strategic player in global logistics and e-commerce,” Williams said in a statement.

Meanwhile, Vanchanggo Chief Executive Officer, Bongjun Kim said: “With Unipart Korea’s exceptional logistics management capabilities, we expect to significantly enhance the efficiency of Vanchanggo’s product deliveries and further improve customer satisfaction.”

Unipart has been operating in South Korea since 2010, working with customers in the automotive and e-commerce sectors to provide logistics and supply chain solutions.

-- BERNAMA

XSOLLA AND AURUMDUST LAUNCH CHARITY CAMPAIGN WITH ASH OF GODS: THE WAY TO SUPPORT GAMES FOR CHANGE

^{(Graphic: Xsolla)}


50% Of All Game Sales Proceeds to Benefit Games For Change


LOS ANGELES, Oct 30 (Bernama-BUSINESS WIRE) -- Xsolla, a global video game commerce company, is excited to announce a collaboration with AurumDust, the developer of Ash of Gods: The Way. The company will donate 50% of the proceeds from selling the complete edition of the game to Games For Change. This campaign, running until December 31st, highlights Xsolla's mission to combine the joy of gaming with the power of giving.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029734945/en/

 

"Gaming is not just about entertainment; it's a powerful tool for making a meaningful difference," said Chris Hewish, Chief Strategy Officer at Xsolla. "Our partnership with AurumDust underscores our belief in the potential of gaming to foster positive change. Through this campaign, we're supporting Games For Change, an organization dedicated to using games to address critical issues in education, civic engagement, and social impact. The funds raised will go toward developing interactive experiences that inspire change, foster learning, and promote a better world. This cause is deeply personal and aligns with our commitment to social responsibility. Combining our passion for gaming with a cause that resonates with our core values enables our community to make a real impact while enjoying the games they love."

President of Games For Change, Susanna Pollack, expressed her excitement about the partnership: "We are thrilled to collaborate with Xsolla and AurumDust on this campaign. At Games For Change, we believe in the power of games and immersive media to drive social impact, and this initiative provides a unique opportunity for players around the world to contribute to meaningful causes while engaging with a captivating game like Ash of Gods: The Way. The funds raised will directly support our mission to empower game creators, support educators and students, and inspire real-world change through the medium of gaming."

See the AurumDust Campaign Here: https://x.la/gamesforchange-aog

About Xsolla

Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in Montreal, London, Berlin, Beijing, Guangzhou, Seoul, Tokyo, Kuala Lumpur, Raleigh, and cities around the world, Xsolla supports major gaming titles like Valve, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more.

For additional information and to learn more, please visit xsolla.com

Twitter (X): @Xsolla | Facebook: Xsolla | Instagram: @xsollacorp | LinkedIn: Xsolla

About AurumDust

AurumDust is a video game developer known for creating turn-based tactical projects with deep narrative elements. Founded in 2016, the studio is dedicated to delivering immersive gaming experiences and expanding its franchise across multiple platforms.

For more information, please visit: aurumdust.com.

Twitter (X): @AurumDust | Facebook: Ash of Gods | Instagram: @ashofgods

About Games For Change

Since 2004, Games For Change (G4C) has empowered game creators and innovators to drive real-world change — using games and immersive media to help people learn, improve their communities, and make the world a better place. G4C partners with technology and gaming companies, nonprofits, foundations, and government agencies to run world-class events, public arcades, design challenges, and youth programs. G4C supports a global community of game developers working on using games to tackle real-world challenges, from humanitarian conflicts to climate change and education.

LinkedIn: Games For Change | Twitter (X): @G4C | Facebook: Games For Change


View source version on businesswire.com: 
https://www.businesswire.com/news/home/20241029734945/en/

Contact

Media Contact
Derrick Stembridge
Global Director of Public Relations, Xsolla
d.stembridge@xsolla.com

Source : Xsolla