TOKYO, Dec 15, 2022 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) announced today that it has successfully demonstrated a series of Open RAN integrations in the new windowO-RAN ALLIANCE Global PlugFest Fall 2022, across three of its venues hosted by leading operators and the new windowTelecom Infra Project (TIP). O-RAN ALLIANCE PlugFests are designed to demonstrate the functionality as well as the multi-vendor interoperability of O-RAN-based network equipment while serving as a testing ground for advanced O-RAN operators to gauge the maturity of Open RAN.NEC's demonstrations included its 4G/5G converged core, Near-Real-Time RIC and Non-Real-Time RIC (via its subsidiary, Netcracker). NEC and its recently acquired subsidiary Aspire also developed and deployed an Artificial Intelligence/Machine Learning (AI/ML)-powered rApp based on anomaly detection in partnership with VMware.NEC is a leading Open RAN provider recognized for its comprehensive suite of solutions, services, and system integration (SI) capabilities called NEC Open Networks. It works closely with a large community of like-minded vendors and organizations, including the O-RAN ALLIANCE, Open RAN Policy Coalition, and the Telecom Infra Project, to develop truly open standards for RAN and the ecosystems that surround them. The company has joined other vendors in proof of concepts worldwide and recently became the first vendor to be awarded TIP's "Requirements Compliant Bronze Badge" for twelve 5G Open RAN Radio Units in accordance with the latest published TIP Requirements 2.1. Additionally, NEC was also awarded TIP's "Requirements Compliant Ribbon" for its three 5G massive MIMO Open RAN Radio Units in March 2022. The company's work with TIP further underscores its commitment to innovating and creating a rich and open ecosystem of Open RAN-compliant products.NEC, Netcracker, and Aspire participated in the following O-RAN ALLIANCE Global PlugFest venues:PlugFest in JapanNEC demonstrated an end-to-end integration that depicted the flow of the messages across different layers/components of the O-RAN domain. The three-way integration was implemented between HCLTech xApp, NEC's Near-Real-Time RIC Platform, and VIAVI's new windowTeraVM RIC Test. HCLTech Bouncer xApp, in combination with VIAVI's TeraVM RIC Test, helped benchmark the underlying Near-Real-Time RIC platform using E2AP Global and Functional procedures, while NEC's Near-Real-Time RIC Platform enabled third party xApp integrations and connected with multi-vendor E2 nodes.The Multi-Vendor Near-Real-Time RIC/RAN/xApp integration was successfully showcased in the O-RAN ALLIANCE's vision.PlugFest in North America hosted by UNH-IOLAt the USA PlugFest, which was hosted by AT&T and DISH, NEC presented its 4G/5G Converged Mobile Packet Core, which is an interoperable 3GPP Standard-compliant system. It is a fully cloud-native solution with an industry-leading high-performance software-based User Plane Function (UPF) at the edge for enabling low latency use cases.NEC's 4G/5G Converged Core supports multi-cloud in flexible deployment scenarios, including as a container on virtual machines (VM) or baremetal, hybrid (private and public cloud), and multi-vendor ecosystems. The test successfully demonstrated how a Converged Core is easily implemented with best-of-breed products while having minimum impact on existing operations and creating vital resource efficiency and cost reductions.Joint European O-RAN & TIP PlugFest Fall 2022Netcracker deployed its Non-Real-Time RIC, a key component of NEC/Netcracker's Open RAN Domain Orchestration solution, in Berlin i14y Lab, part of the Joint European PlugFest hosted by Deutsche Telekom, EANTC, and Vodafone. Two rApps were successfully validated:1) Mobility robustness optimization, which automatically detects and corrects errors in the mobility configuration.2) KPI validation which continuously checks KPIs and provides automatic rollback capabilities in case KPIs are degraded.By using both rApps together, target KPIs can be maintained without human intervention with a real-time closed-loop automation approach.Also, Aspire successfully developed and deployed an rApp for anomaly detection at the O-RAN Global PlugFest Fall 2022 in the same Berlin i14y Lab. The AI/ML- powered rApp was developed and deployed in partnership with VMware bringing its VMware Centralized RIC platform. Aspire demonstrated the need to centralize intelligence for fault detection and resolution."NEC is committed to the principles of Open RAN because we believe it gives network operators the best chance to capitalize on the enormous promise of 5G," said Alla Goldner, Director of Open Standards Strategy at NEC. "This commitment means working openly with operators, vendors, industry bodies, and even competitors to help overcome the challenges of Open RAN and bring operators into the cloud-native world with no compromise on performance or quality."About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at www.nec.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, May 23, 2022 - (JCN Newswire via SEAPRWire.com) - Hokkaido Electric Power Company (Hokuden) and Mitsubishi Corporation (MC) are pleased to announce that we will be establishing a new joint venture in November 2021 that will be dedicated to hydroelectric power generation. The company, Donan Hydroelectric LLC (Donan Hydro), will be headquartered in Hakodate City, Hokkaido Prefecture. In conjunction with the new joint venture's establishment, Hokuden and MC have also agreed to form a hydroelectric power alliance that will service Hokkaido's Donan region.Our alliance will begin by Hokuden replacing in stages five existing power plants in Southern Hokkaido Prefecture, with Donan Hydro managing their operations thereafter. The five plants that will be replaced are all located in the Donan region. They include four that are directly owned by Hokuden (Nanae Power Station, Isoyagawa Daiichi Power Plant, Isoyagawa Daini Power Plant, and Ainumanai Hydro Plant), and one owned by Hokuden's subsidiary Eco Energy Corporation, Ltd. (Ono Power Station). (Excerpt from joint press release of October 2021) To help fund the alliance's operations, Hokuden and MC have entered into a project-finance (PF)* agreement with North Pacific Bank and Sumitomo Mitsui Trust Bank, Limited. The agreement was signed in March of this year.Hydropower requires a great deal of infrastructure, including dams, waterways, generators and substations. Obtaining the rights to both install and operate that infrastructure means getting the necessary permits and authorizations, red tape that tends to make it difficult for developers to convince banks that the businesses are viable. For that reason, PF schemes for hydro projects have been few and far between. Hokuden and MC engaged in numerous discussions with financial institutions, during which we were able to leverage our respective hydropower businesses and PF know-how to demonstrate just how sound our alliance's objectives are. The banks were impressed by our business plan and agreed to provide additional funding through this PF agreement.The plan is for Donan Hydro to lease existing waterways and other facilities owned by Hokuden. Only aging facilities shall be replaced once they are decommissioned, and Donan Hydro's power-generation operations shall commence thereafter.Hokuden's role in our alliance shall be to apply to the replacement work all of its expertise in building, maintaining and operating hydropower facilities. It shall also be responsible for ensuring that we remain in close communication with the local communities, and in maintaining the new facilities once they have been constructed.MC's role shall be to apply its extensive know-how in PF-driven power-generation businesses, which covers projects both here in Japan and around the world. This know-how shall be used both to ensure that Donan Hydro and its businesses are managed efficiently, and to oversee its contracts, PF funding operations, and so on. MC and Hokuden are committed to leveraging Japan's domestically produced energy resources. Recognizing its worth in the context of renewable energy, we shall endeavor to optimize hydropower generated by the Donan region's valuable water resources and do our part to help Japan achieve carbon neutrality. *Method of projected-cash-flow-based project financing that is secured by all of the project's assets. PF differs from other financing mechanisms in that it typically involves the setup of a special-purpose entity for each project in order to protect the project investors from any risks other than the loss of their investments. Because the lenders (banks) incur additional risks in PF schemes, they tend to have very strict criteria for approving businesses that apply for this type of financing. Inquiry Recipient:Mitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, May 20, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) and Morgenrot Inc. (Morgenrot) are pleased to announce that we have entered into a capital and business alliance, our aim being to jointly develop distributed computing services for customers in Japan and throughout ASEAN. MC is one of Japan's leading sogo shosha (general trading companies), while Morgenrot is an engineering-centric startup company which provides cloud-based distributed computing solutions and green data centers powered by renewable energy. At the core of Morgenrot's capacity for software development is its proprietary distributed processing technology, "Excalibur," which leverages the latest GPU (Graphics Processing Unit) technology based hardware systems to add value to its cloud-based services. Morgenrot's exceptional processing capabilities are deployed by the front lines of research and development in numerous high-tech fields, including ultra-high-resolution 3D rendering, simulations, AI, machine- and deep-learning systems, and so on. Furthermore, by applying its knowledge and experience of GPU servers, Morgenrot integrates GPU-based high-performance server systems in mobile containers powered by renewable and surplus energy to realize green data centers. Keen to help society realize a digital infrastructure eco-system that is conscious of both our needs and those of our planet, Morgenrot is making its clean processing capabilities available at affordable prices. MC has also been putting its assets to good use in digital infrastructure. Here in Japan, the sogo shosha is applying its multi-industry know-how and expertise to develop hyperscale data centers. Always on the lookout for ways to promote digital (DX) and energy (EX) transformations that take advantage of the MC Group's collective capabilities, MC is confident that this alliance with Morgenrot will foster progress that ultimately leads to new business opportunities. This progress includes the construction of distributed data-center networks capable of processing huge volumes of data, as well as the development and installation of edge computing infrastructure that will make real-time and low-latency processing possible. Both of our companies are investigating ways to jointly conceive products and services not only here in Japan, but also in international markets, with our initial focus being the ASEAN region. Prior to entering into this capital and business alliance, we commenced discussions on the provision of high-power computing services in Singapore. By supporting the city state's DX initiative, this business should complement Singapore's status as one of the world's leading developers of smart cities, and it also has good potential for growth, as it can be adapted for other ASEAN countries in the future.Mitsubishi CorporationTelephone:+81-3-3210-2171 Facsimile:+81-3-5252-7705 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Mar 4, 2022 - (JCN Newswire via SEAPRWire.com) - Sony Group Corporation ("Sony") and Honda Motor Co., Ltd. ("Honda") today announced that they have agreed to deepen discussion and exploration of forming a strategic alliance that aims to create a new era of mobility and mobility services. Specifically, the two companies have signed a memorandum of understanding that outlines their intent to establish a joint venture ("New Company") through which they plan to engage in the joint development and sales of high value-added battery electric vehicles (EVs) and commercialize them in conjunction with providing mobility services.The two companies will proceed with negotiations toward executing various definitive binding agreements, including a joint development agreement and a joint venture agreement, with a goal of establishing the New Company within 2022, subject to execution of the definitive agreements and relevant regulatory approvals.This alliance aims to bring together Honda's mobility development capabilities, vehicle body manufacturing technology and after-sales service management experience cultivated over many years, with Sony's expertise in the development and application of imaging, sensing, telecommunication, network, and entertainment technologies, to realize a new generation of mobility and services that are closely aligned with users and the environment, and continue to evolve going forward.Sales of the first EV model from the New Company are expected to start in 2025. The New Company is expected to plan, design, develop, and sell the EVs, but not own and operate manufacturing facilities, so Honda is expected to be responsible for manufacturing the first EV model at its vehicle manufacturing plant. It is expected that a mobility service platform will be developed by Sony and made available for the New Company. Comment from Kenichiro Yoshida, Representative Corporate Executive Officer, Chairman, President and CEO, Sony Group Corporation"Sony's Purpose is to "fill the world with emotion through the power of creativity and technology." Through this alliance with Honda, which has accumulated extensive global experience and achievements in the automobile industry over many years and continues to make revolutionary advancements in this field, we intend to build on our vision to 'make the mobility space an emotional one,' and contribute to the evolution of mobility centered around safety, entertainment and adaptability."Comment from Toshihiro Mibe, Director, President, Representative Executive Officer and CEO, Honda Motor Co., Ltd."The New Company will aim to stand at the forefront of innovation, evolution, and expansion of mobility around the world, by taking a broad and ambitious approach to creating value that exceeds the expectations and imagination of customers. We will do so by leveraging Honda's cutting-edge technology and know-how in relation to the environment and safety, while aligning the technological assets of both companies. Although Sony and Honda are companies that share many historical and cultural similarities, our areas of technological expertise are very different. Therefore, I believe this alliance which brings together the strengths of our two companies offers great possibilities for the future of mobility." Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
PARIS & TOKYO, Jan 28, 2022 - (JCN Newswire via SEAPRWire.com) - Renault Group, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, the members of one of the world's leading automotive alliances, today announced common projects and actions to accelerate and to shape their shared future towards 2030, focusing on the mobility value chain.Highlights:- The 2030 roadmap focuses on pure electric vehicles and connected mobility.- Aims to enhance usage of common platforms to reach 80% in 2026.- Mitsubishi Motors to reinforce presence in Europe with two new models based on Renault best-sellers.- To invest EUR 23B in the next five years to support its offensive strategy in electrification.- With 35 new EV cars in 2030, proposes the largest global EV offer, based on the five common EV platforms.- Nissan unveils an all-new EV based on the CMF-BEV Alliance platform to replace the Micra in Europe; vehicle planned to be manufactured at Renault ElectriCity, the electric industrial center in Northern France.- Reinforces common battery strategy aiming to secure a global 220 GWh production capacity by 2030.- Nissan to lead development of breakthrough all-solid-state battery technology to benefit all members.- Renault to lead development on common centralized electrical and electronic architecture and will launch the first full software defined vehicle by 2025. A year and a half after announcing its new cooperation business model to support member-company competitiveness and profitability, the Alliance is now based on solid foundations, benefits from an efficient operational governance organization and from intensified as well as flexible cooperation. Continuing the Leader-Follower scheme defined in May 2020, select technology is developed by one leading team with the support of the followers, thereby allowing each member of the Alliance to access all the key technologies. The Alliance has defined a common 2030 roadmap on pure-EV and Intelligent & Connected mobility, sharing investments for the benefits of its three-member companies and their customers. "Among the world's automotive leaders, the Renault-Nissan-Mitsubishi Alliance is a proven, unique model. For 22 years, we have been building on our respective cultures and strengths for our common benefit," said Jean-Dominique Senard, Chairman of the Alliance. "Today the Alliance is accelerating to lead the mobility revolution and deliver more value to customers, our people, our shareholders and all our stakeholders. The three member-companies have defined a common roadmap towards 2030, sharing investments in future electrification and connectivity projects. These are massive investments that none of the three companies could make alone. Together, we are making the difference for a new and global sustainable future; the Alliance becoming carbon neutral by 2050." Moving together for the benefit of each - Leader-Follower scheme The Alliance members have developed a "smart differentiation" methodology that defines the desired level of commonality for each vehicle, integrating several parameters of possible pooling, such as platforms, production plants, powertrains or vehicle segment. This is supplemented and enhanced by a stricter approach to design and upper-body differentiation. For example, the common platform for the C and D segment will carry five models from three brands of the Alliance (Nissan Qashqai and X-Trail, Mitsubishi Outlander, Renault Austral and an upcoming seven-seater SUV). Strengthening this process, the Alliance members will enhance usage of common platforms in the coming years from 60% today to more than 80% of its combined 90 models in 2026. This will allow each company to deepen their focus on their customers' needs, their best models and core markets, while also extending innovations across the Alliance, at a lower cost. As part of this, Mitsubishi Motors will reinforce its presence in Europe with two new models, among them the New ASX based on Renault best-sellers.Five common EV platforms: the largest global offer of the industry Renault, Nissan and Mitsubishi have pioneered the EV market, with more than EUR10 B already invested in the field of electrification. In the main markets (Europe, Japan, the US, China) 15 Alliance plants already produce parts, motors, batteries for 10 EV models on the streets, with more than 1 million EV cars sold so far and 30 billion e-kilometers driven. Building on this unique expertise, the Alliance is accelerating with a total EUR 23B more investment in the next five years on electrification, leading to 35 new EV models by 2030. 90% of these models will be based on five common EV platforms, covering most markets, in all major regions:- CMF-AEV, the most affordable platform in the world, is the base for the new Dacia Spring.- KEI-EV (mini vehicle) platform family for ultra-compact EVs.- LCV-EV Family platform family for professional customers, as the base for the Renault Kangoo and Nissan Town Star.- CMF-EV, the global, flexible, EV platform. It will be on the roads in a few weeks as the base for the Nissan Ariya EV crossover and Renault Megane E-Tech Electric. The CMF-EV platform, with its technological innovations and the potential offered by its modularity, is a benchmark platform for a new generation of electric vehicles for the Alliance partners. The platform has been created to integrate and optimize all the elements specific to a 100% electric powertrain, hosting a new, high-performance motor and an ultra-thin battery. By 2030, more than 15 models will be based on the CMF-EV platform, with up to 1.5 million cars produced on this platform per year.- CMF-BEV, the most competitive compact electric platform in the world, to be launched in 2024. It provides up to 400 km range; its aerodynamics performances are outstanding, helping reduce cost by 33% and power consumption by more than 10% compared to the current Renault ZOE. It will be the base for 250,000 vehicles a year under the Renault, Alpine and Nissan brands.Among the vehicles are the Renault R5 and the new compact EV that will replace the Nissan Micra. Designed by Nissan and engineered by Renault, the new model is planned to be manufactured at Renault ElectriCity: the electric industrial center in Northern France. Common battery strategy, breakthrough battery innovations and a planned 220 GWh production capacity to bring a highly competitive and attractive offer to all customers Competitiveness is key, and that has led member companies to a common Alliance battery strategy, leading, among others, to the selection of a common battery supplier for Renault and Nissan in core markets. The Alliance is working with common partners to achieve real scale and affordability, enabling to reduce battery costs by 50% in 2026 and 65% by 2028.With this approach, by 2030, the Alliance will have a total of 220 GWh battery production capacity for EVs across key production sites in the world. Beyond that, the Alliance shares a common vision for all-solid-state battery technology (ASSB). Based on its deep expertise and unique experience as a pioneer in battery technology, Nissan will lead innovations in this area that will benefit all Alliance members.ASSB will have double the energy density versus current liquid lithium-ion batteries. Charging time will also be greatly reduced to one-third, enabling customers to make longer trips with increased, convenience, confidence and enjoyment. The aim is to mass produce ASSB by mid-2028, and in the future beyond that to realize cost parity with ICE vehicles by bringing costs down further to 65$ per kWh, accelerating the global shift to EVs. The Alliance battery management system is also at state-of-the art. Unlike others in the industry, the Alliance has chosen to control 100% of its hardware and software, benefiting from very valuable predictive data, allowing for monitoring the state of health of the battery and improving technology. The Alliance is working with strategic partners to offer the best proposal to customers for public charging on the road. Mobilize Power Solutions provides to B2B customers a complete end-to-end service including project design, installation, maintenance and management of optimized recharging infrastructure and all related services to meet their business needs. A recent agreement is with Ionity via the Alliance Emobility Service Provider Plug Surfing, which will allow its customers to access at preferential pricing to the Ionity ultra-fast charging network in Europe. With more than 10 years' experience in the EV business, Alliance members have deep knowledge that allows them to be ahead of the competition in optimizing battery reuse, notably with second life battery applications, recycling and achieving efficient and sustainable solutions over the full battery life cycle. 25 Million cars connected to the Alliance Cloud by 2026: The best-in-class digital experience for customers Intelligent and connected mobility are critical areas for increased shared innovation across the Alliance. With 20 years' experience in ADAS (advanced driver-assistance systems) and autonomous drive, the Alliance keeps improving real-world driving safety, convenience, and enjoyment by delivering innovations in intelligent vehicle and driver assistance technologies, with an example being Nissan's award-winning ProPILOT system. With shared platforms and electronics, by 2026 Alliance members expect to have more than 10 million vehicles on the road across 45 Alliance models equipped with autonomous driving systems. Today, 3 million vehicles are already connected to the Alliance Cloud with permanent data exchanges.By 2026, more than 5 million Alliance cloud systems will be delivered per year, with 25 million total cars on the road. The Alliance will also be the first global, mass-market OEM to introduce the Google ecosystem in its cars. Under Renault's leadership, the Alliance is developing a common centralized electrical and electronic architecture converging electronics hardware and software applications to offer maximum benefits and an optimal level of performance. The Alliance will launch its first full software defined vehicle by 2025. With this vehicle, the Alliance will improve its cars Over The Air performance throughout their life cycle. This means value for customers with the integration of their car into their digital ecosystem to offering a personalized experience, new enhanced services, and reduced maintenance costs. This will also allow Alliance members to boost vehicle resale values. In addition, Software defined vehicles will be able to communicate with connected objects, users, and infrastructure, opening new fields of value for the Alliance companies. Alliance best-in-class digital experience will be the gateway to an unprecedented amount of data, paving the way to the automotive industry's next frontier. with Renault Group, Nissan Motor Co., Ltd and Mitsubishi Motors positioned at the forefront of this revolution. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Nov 22, 2021 - (JCN Newswire via SEAPRWire.com) - JTOWER Inc. ("JTOWER") and NTT DOCOMO, INC. ("DOCOMO") jointly announced today that they have decided to form a capital and business alliance ("the Capital and Business Alliance") with the aim of strengthening collaboration in the use of Infra-Sharing.DOCOMO plans to acquire part of JTOWER shares held by NIPPON TELEGRAPH AND TELEPHONE CORPORATION and become a shareholder with 2.5% voting rights in the future.DOCOMO started using the JTOWER's Infra-Sharing solution (IBS(1)) for its 4G network in 2016 and has expanded the use of the solution nationwide. Furthermore, from October 2020, the company started using 5G IBS at the time JTOWER installed 5G IBS in the Tokyo Metropolitan Government as the first 5G Infra-Sharing in Japan, and also began using Smart Poles(2) in the Nishi-Shinjuku area of Tokyo. Both companies have continued to promote the use of Infra-Sharing through these activities.JTOWER and DOCOMO will use this alliance as an opportunity to strengthen collaboration. In addition to considering ways to develop new indoor and outdoor networks and the efficient use of existing towers, the companies will develop an efficient 5G network which will lead to the reduction of capital investments and other costs, power consumption, and installation spaces. Going forward, the companies will aim to realize the early expansion of 5G coverage by promoting Infra-Sharing.(1) IBS: In-Building-Solution(2) Smart Pole: A multi-functional pole with 5G base stations, Wi-Fi, surveillance camera , digital signage, etc.Details of the business alliance1. Promote development of efficient and high-value-added 5G networks.2. The efficient installation of base stations by sharing information on JTOWER's Infra-Sharing related developments and DOCOMO's targeted buildings and sites for base stations.3. Development and utilization of new Infra-Sharing equipment through sharing technologies and knowledges of both companies.About JTOWERJTOWER Inc. was founded in June 2012 as the first Infra-Sharing company in Japan. Centered on indoor Infra-Sharing solutions that consolidate the mobile networks inside the building, we provide a wide range of services including 5G that contribute to the future. https://en.jtower.co.jp/About NTT DOCOMONTT DOCOMO, Japan's leading mobile operator with over 83 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities ("+d" partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations. https://www.nttdocomo.co.jp/english/. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Oct 29, 2021 - (JCN Newswire via SEAPRWire.com) - Hokkaido Electric Power Company (Hokuden) and Mitsubishi Corporation (MC) are pleased to announce that we will be establishing a new joint venture in November 2021 that will be dedicated to hydroelectric power generation. The company, Donan Hydroelectric LLC (Donan Hydro) , will be headquartered in Hakodate City, Hokkaido Prefecture. In conjunction with the new joint venture's establishment, Hokuden and MC have also agreed to form a hydroelectric power alliance that will service Hokkaido's Donan region. Our alliance will begin by Hokuden replacing in stages five existing power plants in Southern Hokkaido Prefecture, with Donan Hydro managing their operations thereafter. The five plants that will be replaced are all located in the Donan region. They include four that are directly owned by Hokuden (Nanae Power Station, Isoyagawa Daiichi Power Plant, Isoyagawa Daini Power Plant, and Ainumanai Hydro Plant), and one owned by Hokuden's subsidiary Eco Energy Corporation, Ltd. (Ono Power Station).Our alliance will combine Hokuden's long-established expertise in hydro power generation with MC's global know-how in renewable energies, thereby enabling both efficient replacements of the existing facilities and long-term stability of the new plants' operations. MC and Hokuden are committed to leveraging Japan's domestically produced energy resources. Recognizing its worth in the context of renewable energy, we shall endeavor to optimize hydro power generated by the Donan region's valuable water resources and do our part to help Japan achieve carbon neutrality. Inquiries:Hokkaido Electric Power CompanyPublic Relations Department +81-11-251-4076 Mitsubishi CorporationCorporate Communications Department+81-3-3210-2171 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Aug 16, 2021 - (ACN Newswire via SEAPRWire.com) - According to the "Notice Regarding the Memorandum of Understanding for Capital and Business Alliance with Shanghai LingKang Consulting Co., Ltd." dated 21 June 2021, Quantum Solutions Co., Ltd. (hereinafter referred to as the "Company") signed a Memorandum of understanding with Shanghai LingKang Consulting Co., Ltd (hereinafter referred to as "Lingkang") in relation a business alliance including capital investment in the electric vehicle (hereinafter referred to as "EV") sector. In addition, according to "Notice Regarding the Start of New Business and Capital and Business Alliance with FOMM Corporation" dated 12 July 2021, the Company announced that subject to approval by the board of directors of FOMM Corporation (hereinafter referred to as "FOMM"), a Japanese company, the Company would forge a business alliance including capital investment with FOMM in the EV business. The Company considers that embarking on business in the EV sector is within the business direction of 5G communications and AI.The Company is still discussing with Lingkang and FOMM the details of the respective capital and business alliances. The Company has not at this stage yet confirmed whether to cooperate with Lingkang or FOMM in any such alliance. However, it is the Company's intention to develop and focus on the EV sector as the core business in China. The reasons shift include: (1) Development of EV is a significant global trend. Take-up of EVs is expected to gradually replace the oil era of the past century plus and become mainstream in the next 30 to 50 years; (2) Japan's EV industry has been developing at a slow pace lagging behind that of China, the United States and Europe for nearly two-to-three years. However, the Company believes that Japan's EV industry will catch up with those countries in the next few years; (3) There is currently no influential listed electric vehicle company in Japan's capital market in stark contrast to the US' and China's capital markets. Tesla from the US and BYD from China have market capitalisations of more than US$100 million and US$150 billion respectively. In addition, there are many other listed EV companies in the US and China, and their market capitalisations have already reached very high levels. In the future, as the awareness of the EV market increases, the EV business is expected to become an important highlight in the Japanese capital market; (4) From the perspective of rapid emergence EVs and autonomous driving, the trend of intelligent EV Internet and the overall development of the EV industry, the demand for EVs is expected to be very high; (5) While FOMM is a Japanese electric vehicle brand, the current Japanese electric vehicle market is not mature. Therefore, at this stage of development, it is more practical to quickly enter a mature market to grow the Company within a short period. Therefore, the short-term development strategy is to enter the Chinese electric vehicle market.Generally regarded as "The World's Factory" with the world's most compete industrial supply chain to produce automobiles, more than 50% of global auto parts manufacturing is related to China. In addition, most of the world's major auto parts companies have invested in China. Therefore, considering the stable auto parts supply and obvious cost reduction through elimination of import transportation fees and tariffs, it is beneficial to set up production facilities in China. In addition, apart from the advantages stated above, the Chinese government has implemented favourable policies for the EV business, and China is the largest market in the world. When mass production starts in China, the EVs can be exported to other countries. From the perspective of revenue generation, setting up production facilities in China offers considerable benefits.In summary, the Company plans to focus on EV development and its production in China. The Company's EV business will be developed in the general direction outlined below.(1) Short-term strategyThrough mass production in China, the Company aims to reduce the selling price to less than 60% of current prices.(2) Mid-term strategyFocusing on "Japanese branded, made in China" small electric vehicles for small towns and rural areas of China.(3) Long-term strategyMany large Internet companies in China have announced plans to enter the EV market. The EV market in China is expected to be completely Internet-enabled within a few years. Therefore, the Company will actively look for cooperation opportunities with Internet companies to leverage the Internetisation of EVs.Quantum Solutions Co.,Ltd. Company SummaryCompany name: Quantum Solutions Co.,Ltd. (Second section of the Tokyo Stock Exchange Stock code: 2338)Address: 102-0073. Kudan VIGAS Bldg. 3F, 1-10-9 Kudan Kita, Chiyoda-ku, Tokyo, JapanRepresentative: SHAO YUN, Chairman of the boardCapital: 2,559 million yenBusinesses: Content development and distribution Software developmentCompany URL: https://www.quantum-s.co.jp/ For media enquiries:Quantum Solutions Co.,Ltd.Sylvia ChanEmail: info@quantum-s.co.jp Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
SINGAPORE - Negotiations have been concluded between Singapore and the Pacific Alliance, a trading bloc of four Latin American nations, on an agreement to collaborate on energy, digital economy, infrastructure and urban solutions, port management and logistics, and other areas. The free trade agreement (FTA) was welcomed by Trade and Industry Minister Gan Kim Yong and ministers of Chile, Colombia, Mexico and Peru in a videoconference on Wednesday (July 21). Mr Gan said the Pacific Alliance-Singapore Free Trade Agreement (PASFTA) is significant in that it is Singapore's first FTA with Colombia, and establishes a modern, comprehensive, high-quality and mutually beneficial economic partnership that builds on existing agreements between the alliance and Singapore. "This agreement complements Singapore's existing bilateral and plurilateral links with each (Pacific Alliance) country, including the Trans-Pacific Strategic Economic Partnership Agreement, Peru-Singapore FTA, and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)," he was quoted in a statement issued on Thursday by the Ministry of Trade and Industry. The PASFTA represents a shared commitment by the alliance and Singapore to persevere with greater economic integration and support a rules-based multilateral trading system, Mr Gan said. "It sends a powerful message to the global community that our countries remain open for business and, despite the pressures placed on economic multilateralism, we want to reach out to one another and create more opportunities for our people." He added that both sides wish to build on this foundation to grow further links and generate opportunities for people and businesses. The Pacific Alliance is the eighth-largest exporter in the world, with a combined population of 230 million, a per capita gross domestic product of US$19,000 (S$25,900) and annual exports totalling US$627 billion. It is also the eighth-largest economy worldwide, attracting 56 million tourists, representing 41 per cent of the GDP of Latin America and the Caribbean, and accounting for 38 per cent of its foreign direct investment. In 2019, Singapore's total trade in goods with the alliance was $6.1 billion, or around a third of its total trade in goods with Latin America. Singapore became an observer state of the Pacific Alliance in 2014, and a candidate associate state in 2017. It is one of the group's 59 observers. It already has existing agreements with three of the four alliance countries. Chile, Mexico and Peru are member states of the CPTPP. Colombian Minister of Trade, Industry and Tourism Maria Ximena Lombana said the trade pact marks a milestone in the alliance's economic integration with the Asia-Pacific region. Singapore will also become its first associate state when the pact is signed. "With this new agreement... we are embarking on the path of improving our commercial relationship, attracting investments, expanding market access of goods and boosting access for service suppliers in a wide range of sectors," she said. "Reaching Singapore's market allows us to use regional inputs from different countries, which will enhance productive regional chains. We expect to attract Singaporean investors... as a productive and export platform to the region." She said both sides can explore areas for collaboration on technology and the digital economy. More on this topic Related Story Singapore and region stand to benefit from RCEP free trade agreement: MAS Related Story EU-S'pore trade pact an anchor for both economies amid Covid-19: Halimah This may include the linking of Singapore's National Single Window - a single platform for businesses to fulfil all import, export and transhipment-related regulatory requirements - with the alliance's, as well as port management and logistics, infrastructure and urban solutions, energy collaboration and food trade. Noting that Singapore has suggested exploring a Digital Economy Partnership Agreement with the four countries, she said they agree with the idea of FTAs, "which will bring growth and ensure long-term sustainable economic development, and will also boost our commercial and economic relationship". The two sides are working towards formally signing the PASFTA during the Pacific Alliance Summit in December in Colombia.
TOKYO, Jun 22, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) today announced the joint development of RAN Intelligent Controllers (RIC) with NTT DOCOMO, INC. (DOCOMO) in support of intelligent Radio Access Networks (RAN). The two companies are aiming to reduce RAN operational costs, improve performance, and reduce power consumption through the use of RIC. A demonstration showcasing the potential of RIC has been published new windowonline as an MWC Barcelona 2021 exhibit. Roadmap for RIC DevelopmentDemonstration ImageEquipment conforming to O-RAN Fronthaul Interface Specifications(1) enables interoperability with different vendors' products as well as the deployment of an optimal and flexible network that meets the needs of various use cases and network technology requirements.Furthermore, the introduction of RIC utilizing AI allows more sophisticated and efficient control of networks. Both companies plan to initiate joint development of RIC mainly aimed at reducing the operating costs of RAN, such as automating base station settings. As a next step, the companies will improve the performance of RAN through measures that include reducing the power consumption of network equipment by automatically and autonomously optimizing radio resources. In the future, the RIC control cycle will be advanced from slow control to fast control, and from the base station unit level to a user-based level of control. At the same time, optimization will be performed in conjunction with the control of different elements, such as radio resources and computing resources. Moreover, the companies aim to create new value by optimizing network characteristics, such as ultra-high-speed, large-capacity, ultra-low latency, high reliability, and multiple simultaneous connections to realize a variety of services through upgraded networks.NEC's subsidiary, Netcracker, provides an Open RAN Domain Orchestration solution aligned with the O-RAN Alliance Service Management and Orchestration framework, including RIC functionality developed by Netcracker. The solution is based on Netcracker's Digital OSS (operations support system), built from its wealth of experience domestically and internationally, and brings together the orchestration, real-time OSS, and advanced analytics required to fully automate RAN domain operations, from planning and design, to activation, monitoring, and optimization. With end-to-end visualization and optimization, the solution maximizes RAN performance and improves business KPIs for service providers. Since 2018, NEC and DOCOMO have been working jointly to verify and test Open RAN technologies and promote their use. In June 2020, NTT and NEC entered into a capital and business alliance with the aim of developing and selling new internationally competitive products for 5G and beyond, including further accelerating the penetration of Open RAN specifications. NEC and Netcracker will continue to develop RIC in collaboration with DOCOMO in order to enable intelligent functionalities for accommodating various 5G use cases. Furthermore, the companies aim to promote innovation in support of an ecosystem that solves social issues through deployment of diverse 5G Open RAN solutions throughout the world. This includes intelligent solutions utilizing and integrating the technologies and expertise related to networking and AI owned by each company. MWC Barcelona 2021 online exhibition:NEC is providing an online demonstration showcasing the functionalities and features of RIC. The demonstration shows how user throughput can be improved and how power consumption can be reduced by applying RIC to Massive MIMO(2), a key technological element for advanced 5G, and automatically optimizing beam configuration.(1) Open interfaces between the base station equipment master station and radio slave stations established by the O-RAN Alliance (Open Radio Access Network Alliance)(2) This is an advanced technology for MIMO (Multiple Input Multiple Output), which simultaneously improves the quality and stability of spatial multiplexing and radio propagation paths by taking advantage of the flexibility of a large number of independent transceivers. In 5G, it has been developed and introduced aiming at further frequency utilization and efficiency improvement by spatial multiplexing, in addition to orthogonal frequency multiplexing and time division multiplexing of 4G.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Jun 16, 2021 - (JCN Newswire via SEAPRWire.com) - Frequent flyer program customers of Star Alliance member airlines will soon be able to use their biometric identity across any participating airline at any participating airport following a new agreement between the world's largest airline alliance, NEC Corporation and SITA. The agreement announced today is aimed at accelerating the availability of biometric self-service touchpoints across Star Alliance's member airlines while delivering a faster, touchless airport experience. Connecting to SITA's Smart Path solution, the Star Alliance Biometrics platform will be able to use SITA's shared airport infrastructure already available in more than 460 airports. Together with SITA and NEC's global presence, multiple biometric projects can be delivered in parallel, speeding up the availability of biometric passenger processing to Star Alliance's member airlines globally. This will be vital in enabling Star Alliance to deploy biometrics faster. A further advantage is the NEC I:Delight platform -- which allows passengers who have opted to use the service to be identified quickly and with a high-degree of accuracy, even on the move -- can be easily integrated with SITA Smart Path. The I:Delight platform is also able to recognize passengers even when wearing a mask, an increasingly important feature for travel during the current pandemic. The platform is already in use by Star Alliance member airlines at several airports in Europe. Uniquely, passengers using Star Alliance's Biometric platform enroll only once. Passengers then can pass through biometrically enabled touchpoints across multiple member airlines and participating airports using just their face as their boarding pass. This speeds up the passage through the airport while making the each step completely touchless, supporting important health and hygiene safety measures in times of COVID-19 and delivering on Star Alliances' vision of a seamless customer experience. Jeffrey Goh, CEO of Star Alliance, said: "This agreement is instrumental in bringing further scale to our biometrics service, with the inherent benefits of speed and meeting customer expectations for a more touchless and hygienically safer experience across all of our member airlines. Biometrics is a key element of that experience and our strategy of leading the way in digitalizing the passenger journey."Barbara Dalibard, CEO SITA, said: "Together with NEC, SITA is pleased to be supporting Star Alliance in bringing the full benefits of biometric identity to their member airlines. Passengers have long welcomed the advantages of control and speed automation brings to the passenger journey; a trend that has been accelerated by COVID-19. With this agreement the benefits of biometric identity will be extended from a single airline or journey to a vast network of airlines. That is truly unique and demonstrates the benefits digital identity can bring to the passenger." Masakazu Yamashina, Executive Vice President, NEC Corporation said: "NEC is honored to join this three party partnership with Star Alliance and SITA. While the impact of COVID-19 continues, we are pleased to lead the creation of seamless and touchless travel. NEC is committed to providing a safe and comfortable customer experience through our NEC I:Delight identity management solution."Watch the announcement of the partnership here: https://youtu.be/Yg8OLzM-raMAbout SITASITA is the IT provider for the air transport industry, delivering solutions for airlines, airports, aircraft and governments. Our technology powers more seamless, safe and sustainable air travel. Today, SITA's solutions drive operational efficiencies at more than 1,000 airports while delivering the promise of the connected aircraft to more than 400 customers on 18,000 aircraft globally. SITA also provides the technology solutions that help more than 60 governments strike the balance of secure borders and seamless travel. Our communications network connects every corner of the globe and bridges 60% of the air transport community's data exchange.SITA is 100% owned by the industry and driven by its needs. It is one of the most internationally diverse companies, with a presence in over 200 countries and territories. SITA's subsidiaries and joint ventures include SITAONAIR, branded SITA FOR AIRCRAFT, CHAMP Cargosystems and Aviareto.For further information, go to www.sita.aeroAbout Star AllianceThe Star Alliance network was established in 1997 as the first truly global airline alliance, based on a customer value proposition of global reach, worldwide recognition and seamless service. Since inception, it has offered the largest and most comprehensive airline network, with a focus on improving customer experience across the Alliance journey. The member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines, and United. Overall, the Star Alliance network currently offers more than 12,000 daily flights to almost 1,300 airports in 197 countries. Further connecting flights are offered by Star Alliance Connecting Partners Juneyao Airlines and THAI Smile Airways. Visit our homepage or connect to us on social media:Twitter: https://twitter.com/starallianceFacebook: https://www.facebook.com/starallianceInstagram: https://instagram.com/staralliance/LinkedIn: https://www.linkedin.com/company/starallianceYouTube: https://www.youtube.com/user/staralliancenetworkAbout NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Apr 22, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) and unerry, inc. (unerry) are pleased to announce the recent signing of their agreement to form a capital and business alliance. MC is one of Japan's leading trading companies, while unerry owns Beacon Bank, one of Japan?s largest platforms for managing behavioral big data and mobility analytics. Their alliance will focus on the application of these data to pursue a variety of businesses that fall within the scope of MC's urban-development and city-management (smart-city) operations.The Beacon Bank platform takes advantage of small, wireless transmitters known as beacons to facilitate location-based searching and interaction. By analyzing the big data gathered through the platform and building its own behavior-forecasting model unerry also provides distributors and retailers with a range of services, including advertising, sales promotions and advice on maximizing the store-front customer experience. The company's initiatives extend even further to making existing businesses IoT compatible and to constructing or providing advice on new business models. A particular focus has been on smart cities and the MaaS* industry, where unerry has been analyzing people?s movements throughout different regions and commercial facilities. Customers are provided with recommendations and other information on products and places that are tailored to their individual preferences.MC has been actively pursuing smart-city developments in Japan and ASEAN. By partnering with unerry, the sogo shosha is hoping to leverage the latter's above mentioned mobility-and-behavioral analytics to enhance the services available in those cities. One of the main objectives is to build comfortable urban environments by making them more convenient for both their inhabitants and visitors alike. This would be accomplished by using the data in a number of ways, such as to disseminate information based on people?s characteristics and preferences, or to visualize where and when city spaces are likely to become congested. In this fashion, MC is confident that it can help to realize a sustainable model for contemporary urban developments. Both unerry and MC are keen to grow their urban-development businesses in Japan and throughout ASEAN. Since 2016, the latter has been collaborating with one of Indonesia's largest real-estate developers, Sinar Mas Land Ltd. (SML), for which it plans to offer solutions that could be applied to some of SML's projects. Among them is the Bumi Serpong Damai smart-city project that covers roughly 6,000 hectares outside the Indonesian capital of Jakarta. *Mobility as a ServiceFor more information, visit https://www.mitsubishicorp.com/jp/en/pr/ Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Apr 13, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701), a leader in the integration of IT and network technologies, today announced that it was recognized as a 2020 Partner of the Year by Juniper Networks, a leader in secure, AI-driven networks. Each year, Juniper Networks recognizes Partners who have demonstrated innovative solutions to driving new business, exceptional attention to customer experience and have overachieved financial goals.NEC was recognized in the category of Global Alliance Partner for their ability to deliver innovative networking to hundreds of customers around the globe, including Tier-1 Service Providers, Cloud Providers, governments and large enterprises in 2020.Partner of the Year Awards are part of the Juniper Partner Advantage Program (JPA). The 2021 Program not only recognizes Partners for their outstanding performance, but also focuses on Partner development through specializations, certification, and Enterprise Plus and Deal Registration programs that aim to drive opportunity in the AI-Driven Enterprise."Juniper Networks is proud to recognize NEC as our Global Alliance Partner of the Year. NEC's relentless focus on business agility, forward-thinking vision and commitment to a customer-first approach is invaluable," said Thomas Desrues, VP, Head of Strategic Alliances, Juniper Networks. "Thank you to the NEC team for their superior dedication.""It is an honor to be recognized by Juniper Networks as Global Alliance Partner of the Year, a true testament to our strong and solid partnership," said Mayuko Tatewaki, General Manager, Service Provider Solutions Division, NEC Corporation. "NEC continues to pursue synergetic initiatives leveraging NEC's customer-oriented business and strong service capabilities, combined with Juniper's industry leading solutions. Together, we will continue to deliver a superior customer journey in the 5G era."For more detail about the NEC-Juniper global alliance, please see the following link: https://www.juniper.net/us/en/dm/nec-partnership/About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Dec 2, 2020 - (JCN Newswire) - NEC Corporation (TSE: 6701) announced today that Lufthansa Airlines and Swiss International Airlines (SWISS), Lufthansa Group airline members of Star Alliance, launched the "Star Alliance Biometrics" identity verification platform utilizing NEC's facial recognition technologies at Frankfurt Airport and Munich Airport. NEC and Star Alliance have been cooperating since July 2019 in the development of an identity verification platform utilizing biometric certification(1), and this launch at Frankfurt Airport and Munich Airport is the first commercial service to emerge from the partnership. Passengers using this service can pass through security access and boarding gates without contact by registering face images and passport information with mobile apps from each company in advance. This platform features NEC's facial recognition engine, which has been evaluated as the world's most accurate(2), in order to ensure high-precision certification, even when individuals are wearing masks. With the worldwide spread of COVID-19, NEC aims to contribute to safer and more secure air travel by helping to control the spread of illness by enabling non-contact, mask-worn check-in airport boarding procedures. This service is available to Lufthansa and SWISS Miles & More frequent flyer program members who agree to and register for the use of biometric information. Facial images and personal information of passengers are encoded and safely stored on the platform, which is designed in accordance with the laws and regulations of information protection in each country that it operates, and customer names are not saved. Moreover, Star Alliance will not use personal information without the consent of passengers. Over 1,700 Miles & More members have already registered for the new service, with processing efficiency measurements now underway. NEC's facial recognition is part of the NEC I:Delight(3) platform of contactless biometric solutions that make touchpoints touchless. Going forward, NEC aims to strengthen biometric collaboration with Star Alliance, while expanding personalized services both inside and outside the airport in order to make the travel experience more enjoyable.(1) STAR ALLIANCE AND NEC CORPORATION SIGN PARTNERSHIP AGREEMENT TO ENHANCE PASSENGER EXPERIENCE THROUGH BIOMETRIC DATA RECOGNITION TECHNOLOGYhttps://www.nec.com/en/press/201907/global_20190726_01.html(2) NEC Face Recognition Technology Ranks First in NIST Accuracy Testinghttps://www.nec.com/en/press/201910/global_20191003_01.html(3) NEC I:Delighthttps://www.nec.com/en/global/delight/About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com
SINGAPORE, Nov 13, 2020 - (ACN Newswire) - CyberVein, the next generation big data and technology company, recently announced the Data Analytics and Valuation Engine (DAVE), aimed at connecting big data, cloud storage, blockchain and Artificial Intelligence (AI) companies, associations, universities and outspoken data activists. CyberVein has called on the industry to join the alliance's mission - create a new standard for data ethics and data monetization.As the next step, CyberVein will expand on what the DAVE alliance entails and how it will work in practice. DAVE adheres to the principle of co-creation, especially when it comes to cybersecurity and intercommunications. The Alliance's objective is to unlock the true value of data by creating a new standard and monetizing it, allowing both businesses and individuals to reap the benefits of big data analytics. Each member of the Alliance serves as a thought-leader, a subject matter expert and a service provider for its respective area of expertise, such as onsite or cloud storage, AI/ML algorithms, (cloud) computing, distributed hardware, and big data collection and processing."Imagine the DAVE Alliance as an open archive of metadata, similar to an open library," Stated Jack Ge, CyberVein Global Ambassador. He continued: "Alliance members would be able to run analytical models without accessing the actual data."The DAVE Alliance building blocks are as follows:- Business needs, there are a large number of emerging companies, big data research institutes, and consulting firms that all have need of digitalization, streamlining and blockchain integration, thus the DAVE Alliance came into being.- Data collection, after voting to join the DAVE Alliance, data is stored locally to ensure data privacy and security, and metadata is shared, opened and exchanged with other members of the alliance so that big-data as a collective can be fully and effectively used.- Asset management, members who join the DAVE Alliance need to integrate the PISR database, and access to the database requires other alliance nodes to vote and to ensure that the database operation is recorded on chain to prevent destructive operations from happening.- AI modeling, if computing power is required for calculation and model building in business requirements to improve work efficiency and reduce working time, one can choose to pay for a large amount of transparent, high-quality GPU power (Cytrix, Golem, SONM), and support multiple scenarios AI training.- Data analysis, "Ensure data security and open metadata to build a community together" is the basic principle of DAVE Alliance. If the business needs include model building, one can pay to use the online model building environment in the alliance to achieve interactive online model building, plug-n-play components, offline model training and deployment through federated learning.Why companies should join the DAVE Alliance:- On the data demand side: it's possible to have diversified, customized big data service offerings.- Crypto projects: unite, instead of being a single service provider. Being a part of the DAVE Alliance means integrating into a complete big-data collective, which will result in new business opportunities.- Shared profits: it is estimated that nearly 200 tradable data products can be traded every year, while more than 40PB of data will be processed in the coming years. The Alliance is set to monetize the data transactions, it will also distribute 20% of its annual profits to the alliance members.About CyberVeinCyberVein was founded in Singapore, CV Technology Foundation, in 2017. It is focusing on the enterprise-level blockchain and big-data customized services. CyberVein is building a new smart city based on ubiquitous connection, digital platform, and omnipresent intelligence to promote the integrated linkage effect of learning, research, finance, industry, and politics. Recently launched two initiatives: the Data Analytics and Valuation Exchange (DAVE), which enables data-driven and technology companies to utilize their resources more efficiently, and CROSS, a first-of-a-kind decentralized non-fungible token (NFT) issuance platform. For more information, please visit: https://twitter.com/cyberveingroupCyberVein: https://www.cybervein.orgFacebook: https://www.facebook.com/cyberveinteamTwitter: https://twitter.com/cyberveingroupLinkedIn: https://www.linkedin.com/company/13692190/Telegram: https://t.me/CyberVeinCommunityMedium: https://medium.com/cyberveinReddit: https://www.reddit.com/r/CyberVeinOfficial/Youtube: https://www.youtube.com/channel/UCpIgOnNTu4FPFsa9LBdQjCwMedia Contact Rachel, prteam@cybervein.orgContact:https://www.bloomberg.com/press-releases/2020-11-12/dave-alliance-set-to-redefine-how-big-data-companies-collaborate?sref=9sotkcuD Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com
TOKYO, Nov 4, 2020 - (JCN Newswire) - Hitachi, Ltd. (TSE:6501), today announced a new global partner program, the Lumada Alliance Program, that will bring together industry-leading partners from the domains of information technology, operational technology, vertical industries, academia, and government to collaborate on digital solutions that deliver economic growth as well as social, environmental, and quality of life innovations. Lumada is the name of Hitachi's advanced digital solutions and services for turning data into insights that drive digital innovation.Through its Social Innovation Business strategy, Hitachi aims to create new value and resolve social issues. The new Lumada Alliance will focus on co-creating digital solutions that combine Hitachi's deep expertise in IT, energy, mobility, smart life, and industry, with the unique capabilities and technologies of Lumada Alliance members. Hitachi President and CEO Toshiaki Higashihara announced the new program today at Hitachi's annual Social Innovation Forum event."This program will allow us to pursue collaborative creation and build a value-generating ecosystem together with all our diverse partners across industry lines, utilizing the technologies, expertise, and ideas," said Toshiaki Higashihara, President & CEO, Hitachi Ltd. "This will facilitate a further acceleration of the social innovation. I am convinced that this ecosystem initiative can contribute to solving various social issues and improving people's quality of life, as well as mutual growth. With all our partners who support the vision of this program, we will do our utmost to realize a sustainable and affluent society together."Initial global members on the Lumada Alliance include Amazon Web Services, Cisco, Google Cloud, Microsoft, and Salesforce.Going forward, Hitachi will continue to expand the program globally through its digital infrastructure and solutions subsidiary Hitachi Vantara, which plays a key role in serving the worldwide Lumada business.Accelerating Digital Transformation and Social InnovationThe need for digital strategies to address the global challenges in sectors such as transportation, energy, health and safety, global trade and supply chains, and environmental sustainability have never been more pressing.The Lumada Alliance program will bring together industry-leading innovation partners to collectively address these challenges. The program's goals include creating an ecosystem of partners who can collaborate and share ideas, innovation strategies, technologies, and relationships to accelerate economic growth and social innovations.The Lumada Alliance will accelerate the convergence of information technology and operational technology. Digital technologies such as cloud computing, artificial intelligence, Internet of Things, smart spaces, and edge computing are converging with more traditional operational and industrial technologies to create opportunities for a new generation of digital solutions that can deliver increased productivity, connected ecosystems, and faster innovation.Accelerating the development of this next generation of digital solutions requires combining deep knowledge of vertical industries along with successful strategies for the adoption of advanced digital technologies. Hitachi intends the Lumada Alliance program to be a catalyst for a wave of 'N-to-N' collaborative creation and open innovation which will increase as its membership expands.Creating an Ecosystem for Open InnovationThe Lumada Alliance will include three tiers of partners:- Solution Providers, who develop, integrate, and deliver digital solutions- Technology Partners, who provide advanced products and technologies for use in developing and managing solutions- Innovation Partners, who provide deep expertise in vertical industries, government and public infrastructure, and research and development.The Alliance is an umbrella program that enables partner engagement across Hitachi business units and geographies. It will include partners who share Hitachi's vision that - more digital technologies can be both an engine for economic growth and an essential strategy for social and environmental innovations that enhance the quality of life.Lumada Alliance Partner QuotesAmazon Web Services"As the world's most comprehensive and broadly adopted cloud provider, AWS has been continually expanding its services to support virtually any cloud workload, and now has more than 175 fully-featured services, including for databases, security, machine learning, and IoT," said Cam McNaught, Director, AWS Partner Core, Amazon Web Services, Inc. "AWS is pleased to be a strategic collaborator in the Lumada Alliance Program and we look forward to leveraging these capabilities to support the Alliance in developing strategies to accelerate digital transformation for customers."Cisco"Customers are coming to Cisco and Hitachi as they navigate their digital transformation journey -- to seek better data utilization for various use cases, across all industry segments and verticals," said Nick Holden, Vice President, Strategic Partner Organization, Cisco. "Data is driving this journey and that requires secure connectivity for data movement -- from the sensor to cloud. Our partnership is building capabilities that help customers in each aspect of their edge to core to cloud journey. Cisco is excited to be part of the Lumada Alliance Program as we chart our customers' future together!"Google Cloud"It takes a collaborative effort to drive tangible innovation, and the efforts that Hitachi has taken to unite key players within the industry is a step in the right direction," said Dominik Wee, Managing Director Manufacturing and Industrial, Google Cloud. "Participating in the inaugural Lumada Alliance Program is an honor we highly value, where we will bring our expertise in infrastructure modernization, data analytics, and artificial intelligence and machine learning to co-create solutions that will drive positive industry change."Microsoft"I would like to express my sincere welcome to the Lumada Alliance Program, which was announced by Hitachi, Ltd," said Taro Hiyama, Managing Executive Officer, One Commercial Partner, Microsoft Japan. "The Strategic Alliance with Microsoft Corporation, announced globally in June this year, is in line with the direction and we are confident that customers in the manufacturing sector will accelerate their DX through the promotion dramatically. Through this alliance, Microsoft Japan will continue to strengthen its collaboration and contribute to the digital transformation of customers using Lumada Solution Hub and Microsoft Azure."Salesforce"Salesforce.com welcomes the Lumada Alliance Program presented by Hitachi. We have been a business partner with Hitachi and have achieved many collaborative projects with our customers through Hitachi Group," said Yasuhide Inoue, Vice President, Alliance & GTM Innovation. "Through Lumada Alliance Program and Lumada Solution Hub, we hope to provide technology, know-how and ideas we have developed through our collaboration with Hitachi to even more customers and partners. We sincerely hope that Lumada Alliance Program will help solve social issues, improve people's quality of life, and contribute to the sustainable development of society and the economy in Lumada Ecosystem."About LumadaLumada is Hitachi's digital solutions, services, and advanced technologies for enabling digital experiences, operations, and business models at industrial scale. In 2017, Hitachi unveiled Lumada commercially worldwide to address the opportunities for innovation made possible by IoT data and technologies. Since then, momentum for Lumada has accelerated, with Hitachi driving nearly $10 billion in revenue from Lumada-based offerings. Hitachi has continued to evolve Lumada to be a data management, IoT, and application platform for all types of data in all industries.About Hitachi VantaraHitachi Vantara, a wholly-owned subsidiary of Hitachi, Ltd., guides our customers from what's now to what's next by solving their digital challenges. Working alongside each customer, we apply our unmatched industrial and digital capabilities to their data and applications to benefit both business and society. More than 80% of the Fortune 100 trust Hitachi Vantara to help them develop new revenue streams, unlock competitive advantages, lower costs, enhance customer experiences, and deliver social and environmental value. Visit us at www.hitachivantara.com.About Hitachi, Ltd.Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company's consolidated revenues for fiscal year 2019 (ended March 31, 2020) totaled 8,767.2 billion yen ($80.4 billion), and it employed approximately 301,000 people worldwide. Hitachi drives digital innovation across five sectors - Mobility, Smart Life, Industry, Energy and IT - through Lumada, Hitachi's advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation. Its purpose is to deliver solutions that increase social, environmental and economic value for its customers. For more information on Hitachi, please visit the company's website at https://www.hitachi.com Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com














