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Fujitsu showcases new solutions that drive business growth and sustainable outcomes for retailers at NRF 2023

NEW YORK, Jan 13, 2023 - (JCN Newswire via SEAPRWire.com) - Fujitsu will introduce its lineup of retail solutions for a changing world at NRF 2023 - one of the world's leading events for the retail industry. Fujitsu's showcase will emphasize solutions that deliver value in three key areas: Customer experience, Keeping your costs down, and Enabling sustainability goals.Retailers are looking for ways to manage change in an environment that is constantly evolving. Fujitsu's solutions, on-show at NRF 2023 (Booth #4803) from January 15th to January 17th, 2023, reveal a new approach for retailers who are eager to align solving business challenges with their organization's sustainability objectives.Millennials and Generation Z are expected to account for the majority of the working age population by 2030, becoming the majority of the world's consumers. These consumers are highly aware of the need to protect the environment, support ethical business practices and choose experiences that reflect their personal needs and values as well as brand, price, and convenience. To survive and prosper in this new world, organizations need to re-evaluate their consumer approach and re-engineer their enterprise processes and systems, delivering both business growth and sustainability outcomes.For Fujitsu, helping customers meet their SDG-related or sustainability business goals remains a guiding principle in its global offering development and execution.At NRF 2023 Fujitsu will be showing solutions which use technologies including AI, IoT, and blockchain to help shoppers test retailers' compliance with manufacturing and sourcing legislation, improve the time and effort expended in warehouse picking for home delivery, and help to monitor and reduce waste and energy consumption and also protect profit by preventing fraud across retail operations.Richard Clarke, Head of Global Sales, Consumer Industries at Fujitsu Limited, says: "At NRF 2023, Fujitsu's mission is to demonstrate how we enable our clients and end consumers to benefit from change using a combination of composable technologies and services, delivering great experiences and sustainable business outcomes. I encourage all attendees to stop by our booth to see and learn about what is changing at Fujitsu this year."About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

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Club Med appoints Olivier Monceau as its new General Manager of Singapore and Malaysia

KUALA LUMPUR, Dec 14, 2022 - (ACN Newswire via SEAPRWire.com) - Club Med, the leader in premium all-inclusive holidays, has announced the appointment of Olivier Monceau as the new General Manager of Singapore and Malaysia effective from October 2022.Olivier Monceau appointed General Manager, Singapore and MalaysiaWith his strong business acumen and deep brand knowledge, Olivier is poised to deliver success while demonstrating an inspiring, creative and fresh approach to leadership. Under his leadership, Olivier's priorities will be to guide the team through the next phase of strategic brand growth within the region, drive a purposeful brand building through exceptional travel destinations, and to solidify the brand as the leader for all-inclusive ski and mountain holidays. Olivier will also lead his team to deliver effective and targeted end-to-end omni-channel experience to clients that synchronises consideration and conversion to grow top line and client acquisition. Club Med will continue its journey to being the #1 brand choice for vacations and business trips preferred by families, active couples and business-leisure clients."Olivier brings a wealth of experience and knowledge to his new role and I am delighted to have him on the team as he leads the execution of our aggressive plans to grow the Club Med brand within the region," says Rachael Harding, Chief Executive Officer of East, South Asia and Pacific (ESAP). "Moreover, Olivier has produced exceptional results in his previous appointment within Club Med, and I am confident that he will accelerate the strategic growth in both Singapore and Malaysia markets. His appointment is also perfectly timed to succeed our new capacity in Kiroro, Hokkaido in 2023 and Borneo, Kota Kinabalu in 2024."Originally from Paris, France, Olivier embarked on his Club Med journey in 2016, where he was appointed General Manager of Russia. Olivier was responsible for building brand awareness and positioning Club Med as a premium holiday brand in the market. Together with his team, Olivier turned unprecedented challenges into opportunities during the global pandemic as he tapped on an unrealised potential for long-haul and upscale travel within the region and delivered an effective marketing campaign that led to +400% market growth in 2021 compared to 2019 in an exceedingly challenging time, through the successful recruitment of a new Premium clientele and achieved more than 45% of the total sales for the Exclusive Collection resorts. The market has also been a key contributor to the reopening of Club Med in Seychelles and Maldives, both of which became crucial resorts in the group's rebound once travel bans were lifted."I am excited to be joining such a dynamic team and even happier to lead the brand through its next phase of growth," shares Olivier. "I look forward to cementing Club Med as the preferred holiday brand for families while building on our shared vision to further enhance the value of our brand towards achieving a long-term strategic growth within the region."Now in the heart of a city pulsating with boundless energy, Olivier together with his wife and lovely daughters are embracing their new home in Kuala Lumpur, Malaysia with open arms and heart. Since his arrival, Olivier can be found busy exploring the city's neighbourhoods, discovering new cultures and the vibrant street hawker culinary scene.About Club MedClub Med, founded in 1950 by Gerard Blitz, invented the all-inclusive holiday club concept, adding in activities especially for children with the creation of the Mini Club in 1967. Led by its pioneering spirit, Club Med seeks out exceptional destinations and sites. Today, Club Med is the world's leading provider of upscale, all-inclusive holiday packages with a French touch for families and working couples. Club Med operates nearly 70 resorts, of which 85% are rated Premium & Exclusive Collection. Present in 30 countries around the world, the Group employs more than 23,000 Gentils Organisateurs (GOs) and Gentils Employes (GEs), representing 110 nationalities. http://www.clubmed.asia/Press Contacts for Club MedPRecious Communications for Club Medclubmed@preciouscomms.com+65 6303 0567 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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HKTDC Chairman in the UK to promote new opportunities through Hong Kong

HONG KONG, Oct 27, 2022 - (ACN Newswire via SEAPRWire.com) - With many UK businesses looking for new areas of growth, Hong Kong's role as a global financial hub and innovation centre is seen as an ideal platform to help them expand, according to Dr Peter KN Lam, Chairman of the Hong Kong Trade Development Council (HKTDC) who is speaking from his UK visit as the Council's latest initiative to promote business opportunities around the globe.HKTDC Chairman Dr Peter KN Lam (2nd L) and Executive Director Margaret Fong (far L) were earlier in London to promote Hong Kong's strength. The picture shows the meeting with Lord Stephen Green of Hurstpierpoint, Chairman, Asia House (2nd R)As Hong Kong continues to welcome more international travellers in the coming months with major events and attractions, Dr Lam and Margaret Fong, Executive Director of HKTDC, have been travelling to some key international markets to update overseas businesses on how Hong Kong can help.Following a visit to Japan in early October, they are currently in the UK to promote new prospects for UK companies and to discuss how they can use Hong Kong as a springboard. Earlier this week, they met with a range of institutions and chambers including Asia House, Hong Kong Association in the UK, the China-Britain Business Council, China Chamber of Commerce in the UK (CCCUK), techUK and UK Sustainable Investment and Finance Association (UKSIF) as well as leading players in finance and healthcare such as Prudential Plc and GlaxoSmithKline.Dr Lam said, "Many businesses in the UK are ready to explore new areas of growth and see Hong Kong's role as a global financial hub being an ideal springboard for them to expand. In fact, Hong Kong as part of the [Guangdong-Hong Kong-Macao] Greater Bay Area (GBA) is more than just a trade and investment hub, we are also a centre for technology, innovation and the creative sectors."Dr Lam described the discussion as fruitful and insightful. "I am greatly encouraged to see the keen interest from the UK business community in Hong Kong and the GBA. As Hong Kong relaxes its pandemic-related travel arrangements and UK businesses are drawing new blueprints for their future, we look forward to welcoming British delegations to see for themselves the tremendous prospects awaiting them."Dr Lam said that many UK companies were reassured that the 'One Country, Two Systems' principle, along with the application of common law in Hong Kong, have been reaffirmed by President Xi Jinping in his speech this July when the city celebrated its 25th anniversary as a special administrative region.To further strengthen Hong Kong's ties with the UK, the HKTDC will be holding a business webinar "Dialogue with the Chief Executive of the HKSAR" on 2 November 2022 featuring Hong Kong's Chief Executive John Lee in dialogue with Peter Burnett, immediate past Chairman of the British Chamber of Commerce in Hong Kong. (click here for more information https://info.hktdc.com/dm/CP2358693/index-hkt-gmt_en.html ). "We cordially invite UK business partners looking for opportunities to join this exciting event to find out more," Dr Lam added. Photo Download: https://bit.ly/3gGwMqYAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesPlease contact the HKTDC's Communications and Public Affairs Department:Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Key Industry Players to Discuss IoT, Automotive, Wireless, and Supply Chain Trends and Opportunities at EAC 2022

TAIPEI, TAIWAN, Oct 17, 2022 - (ACN Newswire via SEAPRWire.com) - Recent economic and geopolitical developments, on top of the supply chain shortages and tight inventories in some markets, have driven market watchers to reduce their forecast growth for the semiconductor industry this year. Gartner Inc., for one, reduced its earlier forecast of 13.6% global semiconductor revenue growth this year to just 7.4%.The market research firm, however, noted that this down cycle is not new and has happened many times before. Despite the softness in the consumer market, demand remains resilient in the data center sector due to the continued investment in cloud infrastructure, while the automotive electronics sector is expected to see double-digit growth amid the increasing IC content per vehicle due to the transition to electric and autonomous cars.Overall, the outlook remains bright for the semiconductor industry. According to industry association SEMI, global semiconductor equipment billings rose by 7% quarter-on-quarter in the second quarter this year, and by 6% year-over-year to $26.43 billion. Taiwan, China, and South Korea led the rest of the world in terms of quarterly billings.Semiconductor companies worldwide are expected to expand their 300mm fab capacity at nearly 10% compound average growth rate from 2022 to 2025, SEMI said in its 300mm Fab Outlook to 2025 report. Mainly driving this growth is strong demand for automotive semiconductors and new government funding and incentive programs in multiple regions.Highlighting such trends and innovations, the inaugural Electronics Asia Conference (EAC) 2022, scheduled for October 18–20, 2022, will feature some of the leading semiconductor companies discussing new applications and markets driving the technology developments in the semiconductor industry.Organized by AspenCore, the publisher of EETimes Asia, EETimes India, and EDN Asia, the three-day event will feature a virtual conference and exhibition, and will focus on the latest trends and opportunities on the Internet of Things (IoT), automotive electronics, wireless technologies, and the supply chain.The full roster of companies presenting at the virtual conference include:ArmArrow Electronics (NYSE: ARW)Bluetooth SIG Inc.Cadence Design Systems Inc. (NASDAQ: CDNS)Chip 1 ExchangeDiodes Inc. (NASDAQ: DIOD)Efinix Inc.Fair Friend Group (FFG)Infineon Technologies Asia Pacific Pte LtdMolexMosChip Technologies (BOM: 532407)Mouser ElectronicsNordic Semiconductor (NOD.OL)NXP Semiconductors (NASDAQ: NXPI)Renesas Electronics Corp.Rohde & SchwarzSilicon Laboratories Inc. (NASDAQ: SLAB)SMITHSTMicroelectronics (EPA: STM) (NYSE: STM)Texas Instruments Inc. (NASDAQ: TXN)For more information and to register, visit https://ve.eetasia.com/EAC2022.About AspenCoreAspenCore is a unique collection of brands and products that have set the standard in meeting the demands of today's engineers.We reach over 15 million technologists, designers, engineers, and managers. We connect this electronics community to reliable news, authoritative analysis, industry trends, and daily information on new technology.Our brands include EE Times, Electronic Products, EPSNews, ESM China, IoT Times, Power Electronics News, EDN, EEWeb, Electro Schematics, Elektroda.pl, Embedded.com, Planet Analog, and more.For more information, visit https://aspencore.com.Contact Person:Celia ShihMarketing ManagerTaiwan/ASEAN Marketing and Circulation DepartmentT: +886 227591366 Ext. 103/222E: celia.shih@aspencore.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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TTI Delivers Strong 2022 First Half Results

HONG KONG, Aug 10, 2022 - (ACN Newswire via SEAPRWire.com) - Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) is pleased to announce its results for the six months ended June 30, 2022. The Group delivered strong results for the first half of 2022, outpacing the market and growing sales by 10.0% to US$7.0 billion. In local currency, sales grew 12.1%. Combined with the 2021 first half sales growth of 52%, TTI has increased sales by 67% over this two-year period. Gross margin improved for the 14th consecutive first half expanding 50 bps to 39.1%. EBIT increased 10.7% to US$633 million, net profit rose 10.4% to US$578 million, and earnings per share increased 10.4% to approximately US31.59 cents per share.-- Our flagship MILWAUKEE business significantly outgrew the market, delivering 25.8% sales growth-- Gross margin improved for the 14th consecutive first half to 39.1%-- Net profit growth of 10.4% to US$578 millionFinancial Performance Highlights for 1H 2022 2022* 2021 US$' US$' million million ChangeRevenue 7,034 6,394 +10.0%Gross profit margin 39.1% 38.6% +50 bpsEBIT 633 572 +10.7%Profit attributable to Owners of the Company 578 524 +10.4%Basic earnings per share (US cents) 31.59 28.62 +10.4%Interim dividend per share (approx. US cents) 12.23 10.94 +11.8%*For the six-month period ended June 30, 2022The Group is delighted that all of its geographic regions delivered solid sales growth in the first half. Rest of World featuring Australia and Asia delivered outstanding 23.0% growth in local currency. Europe grew 14.1% in local currency and North America grew 10.5% in local currency.TTI's Power Equipment business delivered a very strong first half, while Floorcare contracted due to slowing demand and customer destocking. Now the global leader in professional cordless, TTI's flagship MILWAUKEE business continued to flourish with 25.8% local currency sales growth in the first half. This business now accounts for a major part of the company sales with an accretive gross margin.Mr. Horst Pudwill, Chairman of TTI, said, "Our world-class team is well prepared to manage the business through challenging macroeconomic environments and continue to deliver above market results. We are well positioned to strengthen our leadership position in the months and years to come." Mr. Joseph Galli, CEO of TTI, commented, "Our outstanding first half performance is the result of our ongoing new product flow and our market leadership position. We will continue to execute our proven strategy of investing in demonstrably better, technologically advanced new products to drive our growth." About TTI Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers - Powerful Brands, Innovative Products, Exceptional People and Operational Excellence - reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI's powerful brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories and hand tools, RYOBI and HOMELITE outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL floorcare cleaning products and solutions.TTI is one of the constituent stocks of the Hang Seng Index, FTSE RAFI(TM) All-World 3000 Index, FTSE4Good Developed Index and MSCI ACWI Index. For more information, please visit www.ttigroup.com.All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. RYOBI is a registered trademark of Ryobi Limited, and is used under license. For enquiries:Techtronic Industries Co. Ltd.Main ContactTTI Investor RelationsTel: +1 (954) 541 9660Email: ir@ttihq.comAsia/PacificTTI Investor RelationsTel: +(852) 2402 6888Email: ir@tti.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Malaysia Witnesses 31% YoY Hiring Growth

Retail and Tourism roles drive high demand: Monster Employment Index Overall hiring improved by 31 per cent on a year-on-year basis Retail led with triple-digit growth of 321% annually in the Malaysian job market Demand for professionals across Hospitality and Travel roles surged as tourism bounces back in the country KUALA LUMPUR, MALAYSIA, July 15, 2022 - (ACN Newswire via SEAPRWire.com) - The Malaysian job market has recorded a 31% growth in job demand this June indicating a spree in hiring activity on an annual basis. A number of segments hit hardest by Covid-19 have shown promising signs of resurgence, as per the Monster Employment Index (MEI). An upsurge of 15% was registered for hiring activity over the last six months, while month-on-month growth improved at 5% projecting a continuous demand in the job market. Despite two years of restriction on public activities, rising prices, and the current labour crisis, the retail industry in Malaysia has moved towards recovery with a 321% year-on-year growth in job activity in June 2022. Moreover, retail sales in the country are projected to grow at the rate of 25.7% in the current quarter as per Malaysian retail associations. While the country has seen a number of retail closures over the pandemic, consumer sentiments soar high showcasing a positive outlook for this segment in the months to come. Commenting on job trends for June 2022, Sekhar Garisa, CEO, Monster.com - APAC & Gulf said, "Companies today are ramping up their demand for a digital-first future-ready workforce amidst the ongoing talent crunch we see globally. Jobs in Malaysia have come back and several industries have begun to almost reflect pre-pandemic business functioning with steadfast recovery especially across deeply impacted segments like Tourism, Hospitality, and Retail. With flexible work arrangements gaining popularity in the job market, we are optimistic to see continued growth and resilience in the coming months." Following retail, the Hospitality segment (up 65 percent) has also seen a huge inflow of demand for professionals in tourism and travel related industries with the user penetration rate nearing the pre-pandemic levels. With improved business sentiments and airline travel ramping up, tourism in the country has certainly picked up accompanied by the consequent rise in demand for skilled talent. Logistic, Courier/ Freight/ Transportation, Shipping/ Marine (up 51 percent) also noted a huge jump in hiring activity being next in the rung, followed by rapid digitization in BFSI (up 32 percent). Other sectors that noted promising growth in June include Production/Manufacturing, Automotive and Ancillary (up 4 percent), IT, Telecom/ISP, BPO/ITES (up 5 percent), Advertising, Market Research, Public Relations, Media and Entertainment (up 16 percent) and Engineering, Construction and Real Estate (up 19 percent). Across roles, the Malaysian job market exhibited maximum demand for professionals in Hospitality & Travel (up 162 percent) driven by travel resumption from neighbouring countries coupled with strong domestic tourism. Interestingly, all 9 functions monitored by the Index saw positive growth over the course of June 2022 projecting a great demand influx for the market. Given the impressive performance of retail, roles in Customer Service (up 79 percent) increased, followed by Software, Hardware, Telecom (up 58 percent). Finance & Accounts (up 52 percent) and Sales & Business Development (up 41 percent) also observed a rise. The Monster Employment Index is a broad monthly analysis of online job posting activity conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. Period for the report The period considered for the MEI data is 1st to 30th June 2022. About Monster APAC & Middle East Monster (a Quess Company), the leading online career and recruitment resource, with its cutting-edge technology provides relevant profiles to employers and jobs to jobseekers across industry verticals, experience levels, and geographies. More than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries, Monster provides the widest and most sophisticated job seeking, career management, recruitment, and talent management capabilities globally. Monster continues its pioneering work of transforming the recruiting industry with advanced technology using intelligent digital, social and mobile solutions, and a vast array of products and services. To learn more about Monster in APAC & Gulf, visit: www.monsterindia.com | www.monstergulf.com | www.monster.com.sg | www.monster.com.my | www.monster.com.ph | www.monster.com.hk Contact: Yatharth Sharma yatharth.sharma@monsterindia.com Silky Sharma silky.sharma@adfactorspr.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Panthera Growth to Raise US$250 Million Second Fund to Back Tech Companies

Singapore, Jun 28, 2022 - (ACN Newswire via SEAPRWire.com) - Panthera Growth Partners (PGP), a Singapore-based tech-focused growth investment firm, today announced the first close of its second Fund, having secured commitments for more than half of the target raise. The fund's target has been set at USD 250 million, and is expected to be reached by end of this fiscal year. The fund will offer up to 100% of fund commitments in co-investment opportunities.Shilpa Kulkarni, Founder and Managing Partner, Panthera Growth FundThe Fund's investment objective is to partner with next generation consumption and enterprise services businesses with vast growth potential. The Fund's capital will be invested in companies that have achieved product market fit and are seeking to accelerate market growth. The Fund will deploy approx. USD20 million on average in 10-12 individual portfolio companies across India and Southeast Asia.Backed by institutional investors from India, EU and USA, Fund II will seek to back entrepreneurs who typically employ market transformational ideas propelled by technology. Fund II has been formed to build upon the investment track record and philosophy of the firm by focusing upon investments in growth stage technology-enabled companies that are, or are poised to become, leaders in their respective markets.Panthera was founded in 2021 and its Fund I, which raised $84 M from global institutional investors, is largely deployed across sector leading companies such as BigBasket, Pepperfry, Zivame, OfBusiness, etc.Shilpa Kulkarni, Founder and Managing Partner, Panthera Growth Fund, said, "We are a growth equity investor focused on revenue-generating enterprises that are building scalable businesses having achieved product-market-fit. At Panthera, we believe that operating thought partners are as just as important as capital at this growth stage. With our teams' experience of investing and operating companies in the startup ecosystem since more than two decades, we look to support entrepreneurs and management teams as they embark on an ambitious growth journey."About Panthera Growth PartnersPanthera Growth Partners is a sector specialist investment firm investing exclusively in cutting edge technology leveraged businesses. We are differentiated by our sector specialization, deep network of operational resources and industry relationships, systematic value creation process, and strong execution capability.For more information, visit www.pantheragp.comMedia contacts:Mumbai: Snigdha Nair - Snigdha.nair@adfactorspr.comSingapore: Namrata Sharma - namrata.sharma@adfactorspr.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Microsoft, Databricks and 10+ leading giants unleashed their Data Analytics solutions at BYTES 2022

Singapore, Apr 22, 2022 - (ACN Newswire via SEAPRWire.com) - Amidst skyscraping digitization drives in Southeast Asia, its digital economy is projected to hit $1 trillion by 2030. With colossal volumes of data being generated every second, the region is breeding a multi-billion-dollar Big Data Analytics industry.Taking cue from the above developments, all the while trying to support the Big Data Analytics organizations in the region, Tradepass hosted BYTES for the first time in ASEAN, virtually on 12 - 13 April 2022."While explaining the massive growth in data, Karthikeyan Rajasekharan (Senior Director, Data and AI Solution, Sales - APAC, Microsoft APAC) mentioned, "As we went through that journey, we recognized that we needed a modern data estate and we have moved from our value licensing days which had the smallest transaction between $400+ dollars to a place in the cloud where the smallest transaction is anywhere between $3 to $4, which means there has been sheer amount of growth in the data and now we need to think about how we have to modernize ourselves."The 2-day virtual summit hosted 1000+ Big Data Analytics professionals from the leading public and private organizations across ASEAN which included the CDOs, CXOs, CIOs, CTOs, CMOs, Heads of IT, Data Scientists and many other senior profiles.Chris D'Agostino, Global Field CTO, Databricks, spoke in great detail on transforming organizations by enabling data and AI at scale. During his presentation, he expressed, "When we did a survey in partnership with MIT Technology Review, we studied 351 companies around the globe, a third of which were here in APJ, and the number one regret that most data leaders had was that they didn't standardize using open standards. Instead, they chose proprietary capabilities and felt locked into a particular vendor or solution."Microsoft, Databricks, Dataiku, Cloudera, Tech Data, BMC, Aerospike, H2O.ai, Vertica, Domo, Denodo, Snowflake and Fivetran were literally the face of the summit as they had their own exclusive virtual exhibition booth to showcase their cutting-edge solutions. Some of them even gave insightful sessions during the conference on the most pressing topics which included 'Data Stewardship', 'How To Formulate and Implement a Winning AI Strategy', 'Hybrid Data Cloud', "From AI Experimentation to AI Monetization', 'Accelerating Data-Driven Outcomes with DataOps & Cloud' and many more. While enlightening the delegates on Hybrid Data Cloud, Carlos Zorzin (Senior Partner Sales Engineer, Cloudera) commented, "89% of IT-decision makers believe a hybrid cloud environment is the optimal choice to easily and securely store and move data as well as manage workloads. In order to achieve that, companies need a data platform that lets them easily move data and workloads from private clouds, to public clouds, and even to the edge - with scale. That's Hybrid Data Cloud."When asked about the response from the delegates, Sudhir Jena, the organizer and CEO of Tradepass said, "Bytes 2022 - ASEAN delighted the 1000+ delegates with the top-line of solution providers and experts from the public & private domain and the delegates had very insightful interactions including Q&As with the experts. The delegates also got a chance to explore the latest solutions from the stellar organizations at the summit and collaborate with them to leapfrog their competitors."About TradepassProviding access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.For more information about the summit, log on to: https://asean.bytessummit.com/Media contact:Shrinkhal SharadPR & Communication Executiveshrinkhals@tradepassglobal.com+ (91) 80 6166 4401Tradepass Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Fastbase Stock Has Strong Potential to Soar in 2022

NEW YORK, Mar 25, 2022 - (ACN Newswire via SEAPRWire.com) - Deloitte's United States Economic Forecast Q1 2022 examines the impact of the crisis in Ukraine, persisting inflation, and the lingering effects of COVID-19 on the US economy. The good news is that the US economy's performance has been better than expected. People are getting back to work, corporate profits for Q3 are 21% above the pre-pandemic level and the increased adoption of technology has accelerated labor productivity growth.Deloitte's baseline scenario anticipates the pandemic jump-starting the widespread adoption of technology leading to faster growth. Morgan Stanley is also positive about the potential growth of tech stocks given the recent underperformance. Heading into Q2 of 2022, it's time to look at the next greater investments for 2022.For investors seeking to enter the market before the rest of the world catches up, we have found a prospering young tech firm with a strong growth potential in 2022.For investors looking for tech stocks with extraordinary growth potential, we suggest taking specific notice of one of the SaaS web analytics leaders, Fastbase Inc. (OTC:FBSE). Launched in 2016, Fastbase Inc. embodies one of the top public companies that we believe will have the strongest share price upside in 2022. Fastbase Inc. (www.fastbase.com) already achieved massive market success by providing more than 1 million companies, including Fortune 500 businesses and global brands, with invaluable website visitor data and consequently attracting the attention from large investment firms.In the past 2 years the visionary company launched tech solutions to satisfy uncovered needs in the market. Only last year Fastbase launched Trustfeed.com, one of the biggest internet ventures within the field of customer experience and product review. This year Fastbase is squaring the circle by launching Leads Navigator, an ultimate leads generation solution. Leads Navigator will be a catalyst for financial growth in 2022 with a very strong revenue model.Fastbase Inc recently announced acquiring 24.5% of Etheralabs LLC, (www.etheralabs.io) a New York City based Venture Lab and Ecosystem that is investing in, creating, and implementing disruptive technologies across the Blockchain landscape. This acquisition allows Fastbase to access the latest blockchain advances to empower its data distribution business and support the new Leads Navigator solution.Contact:StepStone CapitalBanzeit 4ABPM 3825356921 Roodt-sur-SyreLuxembourgwww.StepStoneCapital.comForward-Looking StatementsCertain information set forth in this presentation contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are informational only and not guarantees of future performance and undue reliance should not be placed on them. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Techtronic Industries Delivers Exceptional 2021 Results with Outstanding Revenue and Profit Growth

HONG KONG, Mar 2, 2022 - (ACN Newswire via SEAPRWire.com) - Hong Kong-based global power equipment and floorcare & cleaning company Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) is pleased to report that 2021 was an extraordinary year for TTI with outstanding revenue and profit growth. The Group delivered sales of US$13.2 billion, an increase of 34.6%. Over the two-year period, TTI significantly outperformed the market with +72.2% sales growth. Increased strategic investments in new product, manufacturing capacity, geographic expansion, logistics, and in-field marketing initiatives propelled TTI's industry leading performance.-- Full year organic sales growth of US$3.4 billion, +34.6%-- Gross margin improved for the 13th consecutive year to 38.8%, up +54 basis points-- Net profit growth of 37.2% to US$1.1 billion Gross margin improved for the 13th consecutive year, from 38.3% in 2020 to 38.8% in 2021. The gross margin improvement is a direct result of the launching of high margin new products, disciplined mix management, exceptional productivity gains, and volume leverage.EBIT increased 37.2% to US$1.2 billion, with the EBIT margin improving by 17 basis points to 9.0%. Net Profit rose 37.2% to US$1.1 billion, with earnings per share increasing 37.1% over 2020 to US60.04 cents. With the investments in inventory to support sales growth and high service levels, the Group maintained a disciplined working capital ratio at 20.9% of sales.Every one of the Group's business units in all geographic regions delivered exceptional sales growth in 2021. North America grew 33.7%, Europe grew 41.1% and ROW grew 31.8%. The Power Equipment business, representing 90.6% of total sales, grew 37.0% to US$12.0 billion. The Milwaukee business, Ryobi DIY, and Ryobi Outdoor businesses all achieved double-digit growth, significantly outgrowing the market. The Floorcare and Cleaning business also produced strong sales growth of 14.8% to US$1.2 billion.The Board is recommending a final dividend of HK 1 dollar (approximately US12.87 cents) per share. Together, with the interim dividend of HK85.00 cents (approximately US10.94 cents) per share, this will result in a full-year dividend of HK185.00 cents (approximately US23.81 cents) per share, against HK135.00 cents (approximately US17.37 cents) per share in 2020, an increase of 37.0%.Mr. Horst Pudwill, Chairman of TTI, said, "We are confident that our unrelenting bold vision, customer focus and business momentum will make 2022 another outstanding year and position TTI with exciting opportunities in the months and years ahead." Mr. Joseph Galli, CEO of TTI, commented, "TTI is now uniquely positioned to continue our leadership position in professional cordless, DIY cordless, outdoor cordless, and in floorcare. In 2022, we are excited to continue making substantial investments in the business, to drive another year of above market results and gross margin expansion." About TTI Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers - Powerful Brands, Innovative Products, Exceptional People and Operational Excellence - reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI's powerful brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories and hand tools, RYOBI and HOMELITE outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL floorcare and cleaning products.TTI is one of the constituent stocks of the Hang Seng Index, FTSE RAFI(TM) All-World 3000 Index, FTSE4Good Developed Index and MSCI ACWI Index. For more information, please visit www.ttigroup.com.All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. RYOBI is a registered trademark of Ryobi Limited, and is used under license. For enquiries:Techtronic Industries Co. Ltd.Investor RelationsTel: +(852) 2402 6888Email: ir@tti.com.hkCorporate Communications Isabella ChanTel: +(852) 2402 6495Email: isabella.chan@tti.com.hkWebsite: www.ttigroup.comStrategic Financial Relations Limited Veron Ng +(852) 2864 4831Rachel Ko +(852) 2114 2370Aggie Fang +(852) 2114 4987Email: sprg_tti@sprg.com.hk Website: www.sprg.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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PIL’s Revenue Hit All-Time High for FYE 2021

HONG KONG, Feb 25, 2022 - (ACN Newswire via SEAPRWire.com) - Pentamaster International Limited ("PIL" or "the Group") which is listed under the Main Board of The Stock Exchange of Hong Kong Limited announced its financial results for the year ended 31 December 2021 today. The Group hit a new record in its 2021 revenue, registering at MYR508.1 million, whilst its net profit stood at MYR116.7 million for financial year ended 2021; marking an improvement of approximately 21.4% and 2.5% respectively from the corresponding period last year.the performance of the respective operating segments, which includes elements of the inter-segment transactions during the yearThe overall performance of the Group recovered commendably in 2021, with growth driven by improved contributions from both the ATE and FAS business segments with each segment accounted for approximately 70.1% and 29.9% of the total Group's revenue, as compared to 2020 of 67.6% and 32.4%, respectively.ATE segmentWith a revenue contribution rate of 70.1%, the ATE segment continued to contribute the larger portion of the Group's overall revenue and profit. After witnessing a decline in revenue last year, total revenue from this segment marked a turnaround and grew at a double-digit rate of 22.6% to MYR358.4 million. During the year, backed by the recovery of the smartphone market and its peripheral items. the electro-optical industry continued to dominate the ATE segment with its revenue contribution rate of approximately 49.7%, derived from a broadproduct portfolio of the Group in its test solutions for proximity sensor, 3D magnetometer sensor, ambient light sensor, wafer level VCSEL (Vertical Cavity Surface-Emitting Laser) and other relevant applications under optics and photonics sensing solutions.Owing to the Group's persistent effort in increasing its exposure to the automotive industry, revenue from this sector came in as the second highest within the ATE segment with its contribution rate of 27.6%. In addition, the automotive sector chalked the highest growth rate at 39.9% among other industry sectors within the ATE segment. This strong demand was largely attributed to the Group's automotive test solutions covering a full range of assembly and test technologies for various aspect of the manufacturing process ranging from component test, final test to packaging. During the year, the ATE segment was also benefitted from the semiconductor industry with its revenue contribution rate of 20.0%, where this sector captured a 26.8% growth as compared to 2020 from the continuous demand for the Group's test handling equipment which was underpinned by the growth of integrated chips and other related semiconductor contents from the acceleration of digital transformation by the pandemic over the past two years.The ATE segment will continue to dominate the performance of the Group in the foreseeable future. With the global pandemic unleashing the unprecedented wave of technology developments coupled with the power and momentum of technology convergence, the Group is in a promising position to leverage on these significant opportunities in the ATE segment.FAS segmentAfter recording a strong revenue growth in year 2020, the FAS segment continued to witness double-digit growth rate in its contribution to the Group's revenue, chalking 12.3% growth to achieve MYR155.3 million during the year. This was mainly driven by the robust demand for the Group's proprietary i-ARMS solutions, where a wider customer base adopted this application across different industry segments in different countries and region. Notably, this segment gained its revenue momentum in the third and fourth quarter of the year, with revenue in second half of the year exceeding its first half by approximately 19.5%. The main industry segment that led to FAS growth was the consumer and industrial product segment, contributing approximately 45.4% to overall FAS segment revenue. This followed by the electro-optical segment and medical device segment with its respective revenue contribution rate of 30.4% and 19.3% where application of the Group's i-ARMS was equally prevalent inthese segments.The Group continues to witness huge potential and opportunities in its FAS segment given the fundamental shift towards factory automation and smart manufacturing across various industries especially in a post-pandemic environment. With the current automation trend, the Group will continue to broaden and enrich the capability of its automated solutions to capture the growth from these developments in the years ahead.Outlook"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change."The COVID-19 pandemic has dramatically and fundamentally altered the way we live and work. From social distancing, quarantine, closed borders, travel bans to the buzzword "home office" have never been mandated on such a large scale. The Group, however, navigated the "unsettling" effects of the pandemic and ended the financial year relatively "healed". Such accomplishment has demonstrated the Group's resilience in taking on the undeniable challenges that demand new ways of operating in a post pandemic business environment and its versatility and speed in emerging strongly owing to the hard work and concerted efforts of the employees of the Group.As the saying goes, every cloud has a silver lining. The pandemic has pushed many companies over the technology tipping point and with the surge in automation, digital adoption has taken a quantum leap across many companies and industries. As a result of these developments, the Group embraces 2022 with increased optimism on the back of a strong order book momentum largely driven by another high growth potential year surrounded by several catalysts brought about by AI, big data analytics, IoT, self-driving cars, Industry 4.0 and the deepening application of 5G. With the electro-optical segment currently dominating the Group's financial performance, this segment will continue its growth momentum in 2022, albeit modestly, given the Group's growing exposure to other industry segments. In respect of the automotive segment, the Group expects to witness the continuous affluence of this segment with e-mobility emerging at an accelerated pace. With electrification playing an important role in the transformation of the transportation industry and thereby presenting major opportunities in all vehicle segments, the global transition specifically towards electric vehicles ("EV") continues to get momentum and creates major disruption in the automotive industry and the related nexus. Significant efforts are witnessed through regulator worldwide defining more stringent emissions target which include, among others, the European Union CO2 emissions regulations for cars and vans, China's New Energy Vehicles (NEV) mandate and Biden's administration in introducing a 50% EV target by 2030. Given this context, the Group anticipates a favourable prospect for its automotive test solutions from front-end to back-end which will continue to provide an impetus to the Group's overall performance.In the belief that there is so much room and business opportunity for further expansion and that now is the best time to be planning for the future, the upcoming new manufacturing plant will pave the way for the Group to deepen its foothold in the medical device segment and bring the growth of its FAS segment to the next level. Key technologies that have been used widely in industrial manufacturing are seen to be filtering into the healthcare sector and with AI conquering the next frontier of the medical segment, the automation opportunity within this horizon is now abundant. With these technology developments presented, the Group is heartened to witness the growing demand for its automated assembly solutions from a broader customer base within the medical device segment on the back of an encouraging booking momentum. Together with the setup of Pentamaster MediQ Sdn. Bhd. for its involvement in the manufacturing of single-use medical devices, the Group is fully prepared for the huge market opportunities in the medical industry. Having continuously witnessed revenue growth from the FAS segment in the past two years, the Group continues to benefit from the increased focus of various industries on industrial automation which is now rapidly necessitated by the effects of the pandemic. As the surge in automation continues in the coming years with the use of AI and IoT in the manufacturing processes, the huge potential and opportunities in the FAS segment will be prevalent. Girded by a year of relatively stable financial performance in 2021, the Group will continue to focus fundamentally on its operational capabilities and remain proactive in the development of new cutting edge technologies and solutions. With a wide variety of challenges and opportunities confronting 2022, the Group, having the pulse on the global trends and requirements, is forward-looking in building another year of solid business growth. As it is, the virus is here to stay for a period of time and will be a reality in our daily lives. The Group's priority is to ensure the safety of its employees with its strict adherence to the necessary safety measures and operating procedures.About Pentamaster International LimitedPIL (HKEX stock code: 1665) is a leading global supplier in providing automation technology and solutions to multinational manufacturers mainly in the semiconductor, automotive, electrical & electronics, medical devices and consumer industrial products sectors spanning APAC, North America and Europe. The Group's broad range of integrated automation products and solutions entails innovating, designing, manufacturing and installing automated equipment and/or automated manufacturing solutions. To learn more about PIL, please visit us at www.pentamaster.com.my. For media enquiries, please contact: Email: investor.relation@pentamaster.com.my Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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GaN Systems 3X Growth Drives Massive Expansion in Asia

OTTAWA, Canada and HSINCHU, Taiwan, R.O.C., Feb 23, 2022 - (ACN Newswire via SEAPRWire.com) - GaN Systems, the global leader in GaN power semiconductors, announced today it has expanded its Asia presence with a 3X increase in its operation in Taiwan. With a 3X growth in revenue from the many consumer electronics, electric vehicles, and data centers & industrial power supply producers embracing GaN Systems power transistors, more people and space were necessary.GaN Systems' new office campus is in the Hsinchu Science Park, Taiwan, recognized as the center of semiconductor innovation and home to many of the world's leaders in advanced technology. It is also headquarters to GaN Systems' foundry partner, Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest dedicated independent (pure-play) semiconductor foundry.The new office center in Taiwan, GaN System's Asia-based headquarters, which opened with a few employees in 2015, has grown by more than 10X and will exceed 100 employees in the coming year. The space features a state-of-the-art research and design center with dedicated subject matter experts in the design and system validation of solutions for customers in several markets, including mobile phones, laptop P.C.s, data center power supplies, and automotive E.V. powertrain electronics. The enlarged R&D team will expand GaN Systems' industry-leading lineup of high-performance transistors and high-power modules and build upon its extensive range of reference designs for 65W, 100W, and 250W phone and computer chargers P.F.C., DCDC, and inverter designs for higher power markets."We're excited to expand our Asian footprint in Taiwan to accommodate GaN Systems' rapid growth," said Stephen Coates, Vice President, Global Operations and General Manager, Asia. "GaN Systems has grown tremendously, driven by the rapid adoption of GaN in consumer, industrial and automotive electronics. Our campus in Taiwan scales up our manufacturing, product and module design, and innovation footprint and expands support for our global customers and business partners. This 3X expansion demonstrates our commitment to Asia and to supporting the continued growth of Taiwan's semiconductor ecosystem."Acceleration of the growth in Asia continues with the addition of Andy Chuang, GaN Systems' Vice President of Business Development. Mr. Chuang, based in the new Taiwan office, brings decades of wideband gap experience to the GaN Systems' team. Incremental to the expansion in Taiwan, GaN Systems' presence in Asia is also growing with success in India in e-mobility with applications in the two, three, and four-wheeler E.V. segments.GaN Systems' imposing growth in the Asia region and internationally are proof of its recently announced USD $150 million growth capital funding round to accelerate innovation and adoption of GaN technology across its automotive, consumer, industrial, and enterprise markets. Global companies, including industry leaders like Dell, HARMAN, Siemens, Signify, and Philips, rely on GaN Systems' transistors to create reliable, best-in-class power transistors.About GaN SystemsGaN Systems is the global leader in GaN power semiconductors with the most extensive transistors portfolio that uniquely addresses the needs of today's most demanding industries, including consumer electronics, data center servers, power supplies, renewable energy systems, industrial motors, and automotive electronics. As an industry-leading innovator, GaN Systems makes it possible to design smaller, lower cost, more efficient power systems. The company's award-winning products provide system design opportunities free from the limitations of yesterday's silicon. By changing the transistor performance rules, GaN Systems enables power conversion companies to revolutionize their industries and transform the world.For more information, please visit: www.gansystems.com or on Facebook, Twitter and LinkedIn and scan this Q.R. code for our WeChat.Media Inquiries:Mary PlacidoTrier and Company for GaN Systemsmary@triercompany.com+1 (415) 218-3627 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Hitachi to Strengthen Business Structure for Further Growth through Digital, Environment, and Innovation

TOKYO, Feb 2, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi, Ltd. (TSE: 6501) today announced that as of April 1 2022 it will strengthen business structure in order to further evolve the Social Innovation Business and achieve growth with a focus on digital, environment and innovation in its next Mid-term Management Plan.1. Accelerating Growth through Digital, Environmental, and Innovation(1) Achieving Growth by Accelerating DigitalizationHitachi will establish a structure, led by Hitachi Digital LLC(*1) based in North America, to create and implement global digital strategies that cut across the entire Hitachi Group, and to accelerate growth through digitalization. EVP Toshiaki Tokunaga, who will take charge of Digital Systems & Services sector, will serve as Chairman, and Jun Taniguchi (currently President of Hitachi Global Life Solutions, Inc.), who has been involved in promoting DX in the control platform business and the digitalization of the home appliance business, will be appointed CEO.In addition, two leaders will join the management of Digital Systems & Services sector to strengthen structures to drive the global growth of the digital businesses. Shashank Samant, CEO of GlobalLogic, while leading co-creation and digital business by leveraging GlobalLogic's digital engineering capabilities, will also serve as an Executive Advisor to EVP Tokunaga to support the development of the Hitachi Group's overall digital business growth strategy. And Gajen Kandiah, CEO at Hitachi Vantara LLC, will undertake a concurrent position as Chief Digital Transformation Officer in charge of Digital Systems & Services business. He will apply insights of the cloud and data applications, which are the core strengths of Hitachi Vantara, to expand the Hitachi Group's service business, and to transform the Group as a whole into a world-class digital solution provider.Through these initiatives, Hitachi will expand Lumada business and accelerate the growth through DX globally.(2) Achieving Growth by Accelerating Environmental StrategiesIn order for the Hitachi Group to grow and contribute to sustainability as part of efforts to achieve a decarbonized society and a circular economy, VP Lorena Dellagiovanna will be appointed to the newly created position of Chief Sustainability Officer, and will hold concurrent positions as Head of Environment(*2) and Chief Diversity & Inclusion Officer (CDIO). By leveraging her broad-ranging network of contacts in the European political and industrial arenas, Hitachi will create and implement global environmental strategies to accelerate activities aimed at achieving long-term environmental targets while maintaining comprehensive attention to sustainability. At the same time, it will seek out business opportunities and lead in the creation of value for the Group as a whole with a focus on the environment, while achieving sustainable growth through GX(Green Transformation). (3) Achieving Growth by Investing in InnovationHitachi will create and implement investment strategies aimed at creating innovations by back-casting from 2050. A new Innovation Growth Strategy Division will be established(*3) to accelerate growth throughout the Hitachi Group as a whole, with President Keiji Kojima holding a concurrent position as General Manager. This Division will strengthen ties with R&D groups, startup companies, and other entities, undertaking strategic investments to bring about innovations through new technologies and business models, and will lead the next stage of growth for Hitachi.2. Accelerating Growth by Simplifying ManagementTo accelerate management and succeed in global competition, Hitachi will simplify the management structure based on three sectors: Digital Systems & Services; Green Energy & Mobility; and Connective Industries. Even as it maintains the current BU structure, it will strengthen ties among divisions with similar business attributes, and strive to secure a top global position by accelerating growth through digital, environment, and innovation.3. Strengthening the Management Base(1) Strengthening Risk Management StructuresTo ensure that Hitachi can respond quickly and comprehensively to the various risks that the Group will face as it strives for growth on a global scale, current SVP CFO Yoshihiko Kawamura will be appointed EVP, and will also hold a concurrent position as Chief Risk Management Officer (CRMO). By establishing a function under the CRMO to collaborate across related divisions in regions throughout the world and to evaluate business risks and opportunities, and by strengthening structures to enable integrated decision-making, Hitachi will respond proactively not only to natural disasters and geopolitical risks, but also to risks involving compliance, security, and elements of the supply chain such as quality and procurement. In this way, the company will strive to put in place a robust management foundation.(2) Further Promoting Diversity and Inclusion (D&I)Hitachi sees D&I as sources of innovation and engines that drive global growth. It assigns diverse individuals to positions where they are able to make use of their unique knowledge and experiences, and to fully demonstrate their capabilities. Hitachi will actively fill key positions with diverse talent, including women, non- Japanese, and individuals with backgrounds outside of the Hitachi Group, such as Lorena Dellagiovanna, Gajen Kandiah, and Yoshihiko Kawamura, to achieve further growth on a global scale.(*1) To strengthen the functions of the current Hitachi Global Digital Holdings LLC, the company's name will be changed to Hitachi Digital LLC (tentative name at present).(*2) The current title of Chief Environmental Officer will be changed to Head of Environment.(*3) The current Future Investment Division and Corporate Venturing Office will be combined to form Innovation Growth Strategy Division.About Hitachi, Ltd.Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Vikrant Chowdhary Joins CleverTap as Company’s First-ever Chief Growth Officer

MOUNTAIN VIEW, Calif. and MUMBAI, India, Oct 26, 2021 - (ACN Newswire via SEAPRWire.com) - CleverTap, the world's leading user engagement and retention platform, today added a new dimension to its core leadership team with the appointment of Vikrant Chowdhary as Chief Growth Officer (CGO). Chowdhary will lead CleverTap's integrated go-to-market (GTM) strategy globally across all commercial and enterprise segments.Vikrant Chowdhary Joins CleverTap as Company's First-ever Chief Growth OfficerIncreasingly, business leaders with disruptive mindsets and an eagerness to evolve are imperative for companies to succeed. Chowdhary brings this forward-thinking to CleverTap through 25 years of experience and expertise leading hypergrowth teams."We are thrilled to have Vikrant join us as our partner for growth as we scale our business in key global markets and sectors and steer CleverTap to become a global leader in the user retention space for mobile-first digital businesses," said Sunil Thomas, Co-founder and CEO of CleverTap. "For the first time, we will integrate all of our customer-facing functions - across sales, marketing, solution engineering, and partnerships - to make one CleverTap Growth team under Vikrant's leadership." Thomas elaborates on the pivotal importance of this in his latest blog on the CleverTap website.Before CleverTap, Chowdhary worked with Salesforce, the world's number one CRM company, where he directed India's finserv vertical and enterprise business units. Previously, Chowdhary held country leadership roles with SAP - where he powered the growth of the BFSI and telecom business unit, which became one of the best-performing teams in the country - as well as Teradata, IBM, and select startups. He earned an MBA from NITIE, Mumbai, and a BSc in Mechanical Engineering from Dayalbagh Educational Institute."CleverTap has created a unique platform to help growth managers monetize behavioral economics for their real-time digital businesses, and I am truly excited and humbled to become an integral part of the company," said Chowdhary. "I'm also excited to draw on my experience building growth units in vertical sectors powered by high-performance teams and have the opportunity to bring this capability to CleverTap."To learn more about CleverTap visit https://clevertap.com/About CleverTapCleverTap is a modern, integrated Retention Cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML-powered insights & automation. Customers around the world representing over 10,000 apps, including Vodafone Idea, SonyLIV, Daimler, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long-term revenue.CleverTap is backed by leading venture capital firms including Sequoia India, Tiger Global Management, and Accel. The company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai.For more information, visit clevertap.com or follow us on LinkedIn and Twitter. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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JCB identifies Russia as a key growth market for European merchants as cardmembers continually increase online spend

London and Moscow, Oct 21, 2021 - (JCN Newswire via SEAPRWire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., has found a notable 20% increase in ecommerce spend by Russian cardmembers from 2019 to 2020.[i]Further, Russian JCB cardmember data shows that from 2019 to 2020, F2F shopping made up a higher proportion of total spend (at 62%), while, in 2020, which could be expected with the pandemic, JCB cardmember spend in Russia shifted in favour of ecommerce, with 55% of total spend being online.[i]These figures have been released alongside the launch of JCB's latest whitepaper, Explore Russia as a Key Growth Market, which includes exclusive insights for European retailers on Russian spending patterns and why a unified channel strategy is important to maximise opportunities.Takashi Suetsugu, General Director, JCB International (Eurasia) LLC, comments; "The relatively untapped market of the Russian Federation is opening up, and merchants should consider the tremendous opportunity for increased revenue and a widened customer network available within the region. JCB's presence in Russia is growing strong, and brand awareness is key. The better we can understand the spending habits and behaviours of our Russian cardmembers, the more we can empower our partners and merchants for them to offer better, more seamless and secure experiences to their customers."Russians have embraced shopping online. Ecommerce/Mcommerce jumped during 2020, with trade volumes up 60% on the previous year and a total spend of RUB 3.22 trillion in 2020 (USD 43.76 billion), says the Association of Online Traders (AKIT).[ii]Further, a survey by Global Blue at the end of 2020, 100% of affluent and frequent Russian shoppers stated that they would travel once quarantine restrictions lifted and 50% said they would feel safe visiting Europe.[iii] This suggests that in-person spend is set to boom again once further travel is permitted.Download and read the full whitepaper - https://www.linkedin.com/feed/update/urn:li:activity:6855873916280287232 About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 36 million merchants around the world. JCB issues cards across various countries and regions internationally with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information: www.global.jcb/en/Contacts:Propeller GroupContact: Mykayla CarrEmail: jcb@propellergroup.com / mykayla.carr@propellergroup.comPhone: +44 7445 067604JCB International/EuropeContact: India StoneEmail: istone@jcbeurope.euPhone: +44 020 7087 4754JCB (Head Office in Japan)Contact: Ayaka NakajimaEmail: jcb-pr@jcb.co.jpPhone: +81 3 5778 8353[i] JCB Proprietary Data (June 2021) - sales data from 2019-2020[ii] 'Russian e-commerce market posts explosive growth during Covid pandemic', 22.02.2021 [online], https://www.rt.com/business/515933-russiaonline-market-growth/ (Accessed June 2021)[iii] 'Global Blue shopper research reveals growing demand to travel and spend again, 02.12.2020, [online] https://bit.ly/3BYEBOt (Accessed June 2021) Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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Society Pass (SoPa) Announces close of Series C funding to accelerate growth in Southeast Asia

HANOI, Vietnam, Sep 29, 2021 - (ACN Newswire via SEAPRWire.com) - Society Pass (SoPa), Vietnam's leading data-driven loyalty platform, has closed a Series C funding round. With the new funds, Society Pass will look to accelerate its growth and acquisition strategy in Southeast & South Asia, particularly acquiring companies with the existing user and merchant bases that can be quickly plugged into the Society Pass ecosystem.Society Pass is a loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business model focuses on collecting user data through the expected circulation of its universal loyalty points. It seamlessly connects consumers and merchants across multiple product and service categories fostering organic loyalty. From its launch in 2019, Society Pass has amassed over 1.5 million registered users and over 3,500 registered merchants and brands.Dennis Nguyen, Founder, Chairman, and Chief Executive Officer Society Pass said: "Society Pass's success up to this point has been built through offering unique value for both consumers and merchants, along with the infrastructure supporting that exchange. This new funding will allow us to replicate our success in our target markets and our ongoing aggressive M&A initiatives in the pipeline. We are very grateful to have found strong demand from quality investors, that share our vision."According to the Digital 2021 Global Overview Report (*) by HootSuite & We Are Social, Southeast Asia is sporting a 69% internet penetration rate with 9.6% YoY growth, and South Asia with a 42% internet penetration rate with 9.1% YoY growth. Both regions stand to see tremendous growth, with Google, Bain, and Temasek estimating Southeast Asia internet economy GMV reaching US$309 billion by 2025, while RedSeer Consulting estimates the South Asia internet economy to touch US$250 billion by 2025. e-Commerce and Online Travel are expected to take the lion's share of this growth. Society Pass plans to expand its market presence by harnessing the untapped potential of South and Southeast Asia believing that developing countries are only now experiencing a surge in digital adoption, with large potentials for future growth.Society Pass capitalises on the rapidly developing earlier stages of the internet economy in the region, spanning verticals such as F&B, beauty, travel and lifestyle.(*) https://datareportal.com/reports/digital-2021-july-global-statshotAbout Society PassSociety Pass' customer loyalty and analytics platform has onboarded hundreds of thousands of registered consumers. Society Pass provides merchants with SoPa.asia - an online commerce platform for users, alongside with #HOTTAB Biz - a convenient order management app for business partners on SoPa.asia, and #HOTTAB POS - a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user's profile analytics, and convenient financial support packages for small and medium-sized enterprises. All tools offered above will allow businesses to attract and retain customers through personalized interaction based on analytics with a high profit margin. For more information, please check out: http://thesocietypass.com/. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Increased Covid-19 vaccination efforts in the region should boost economic activity in coming quarters, says Iswaran

SINGAPORE - Regional economies are ramping up their Covid-19 vaccination efforts, which should facilitate the resumption of higher economic activity in the coming quarters, said Minister-in-charge of Trade Relations S. Iswaran on Monday (Sept 13). This is so even as these South-east Asia economies have had to reimpose tight restrictions to curb a resurgence in Covid-19 infections, he said in Parliament. Addressing a question from Mr Liang Eng Hwa (Bukit Panjang) on the basis of the Ministry of Trade and Industry's (MTI) upward revision of economic growth for the year, Mr Iswaran said that this revision was made with several global developments taken into account. Singapore's economy is now projected to expand 6 to 7 per cent this year, higher than the earlier forecast of between 4 and 6 per cent. First, the global economic recovery has remained largely on track, notwithstanding the risks posed by the pandemic, Mr Iswaran said, noting how high vaccination rates in key advanced economies such as the United States and the euro zone have allowed them to continue with reopening even amid a rise in infections. Second, Singapore's gross domestic product growth in the first half of the year came in at a better-than-expected 7.7 per cent year on year. "At the same time, our vaccination programme has made good progress, which will allow for the progressive easing of domestic and border restrictions over the course of the year," Mr Iswaran said. This easing will help to alleviate labour shortages in sectors such as construction that are reliant on migrant workers, and support the recovery of consumer-facing sectors such as food and beverage services, he added. But he cautioned that the tourism and aviation-related sectors are likely to see a slow recovery due to ongoing global travel restrictions and weak travel demand. MTI expects the Singapore economy to continue to recover in 2022 as global growth is projected to remain positive, he added. The ministry will announce the Republic's 2022 growth forecast in November. More on this topic   Related Story Private-sector economists raise Singapore's 2021 growth forecast to 6.6%: MAS survey   Related Story With economies on the brink, South-east Asia chooses to reopen amid Covid-19 outbreaks

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Techtronic Industries Delivers Exceptional First Half Sales Growth

HONG KONG, Aug 11, 2021 - (ACN Newswire via SEAPRWire.com) - Hong Kong-based global power equipment and floorcare company Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) announced its results for the six months ended June 30, 2021. The Group delivered extraordinary results for the first half of 2021, growing sales by 52.0% to US$6.4 billion. Gross margin improved for the 13th consecutive first half to 38.6%, and the growth in EBIT, net profit, and earnings per share all outpaced sales growth. EBIT increased 57.4% to US$572 million, net profit rose 57.9% to US$524 million, and earnings per share increased 57.8% to approximately US28.62 cents per share.-- Exceptional sales growth of 52.0%-- Sales growth of 71.5% over two years, compared to the first half of 2019-- Strong sales growth across all businesses and geographies-- Gross margin improved for the 13th consecutive first half to 38.6%, up 58 basis points-- Net profit growth of 57.9% to US$524 million Working capital as a percent of sales finished at 18.3%, below TTI's goal of 20.0% or less. The Group continues to strategically build inventory to support its exceptional above market growth, to serve its customers with consistently high service levels, and to insulate the company from potential critical component shortages.The TTI Power Equipment segment delivered sales growth of 55.3% to US$5.8 billion. All geographies and business units contributed to this stellar performance in the first half of 2021. The flagship Milwaukee business delivered an astounding 64.1% growth globally. RYOBI performed exceptionally well across all brands with solid double-digit growth in all categories and geographies. In addition, the Floorcare & Cleaning business accounted for 9.0% of total TTI sales, with sales increasing 25.3% to US$574 million.Mr. Horst Pudwill, Chairman of TTI, said, "At TTI, we have built an exceptional world-class team and we would like to recognize our outstanding global organization for delivering strong results. We are proud of the bold, strategic decisions we have made over the past 18 months to position ourselves for a strong second half of 2021." Mr. Joseph Galli, CEO of TTI, commented, "TTI's first half results clearly demonstrate our leadership position, our momentum, and our future potential. Our high-speed new product machine allows us to expand the market and capture market share, while we continue to improve gross margin to record levels."About TTI Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare Cleaning Products and Solutions for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers - Powerful Brands, Innovative Products, Exceptional People and Operational Excellence - reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI's powerful brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories and hand tools, RYOBI and HOMELITE outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL floorcare cleaning products and solutions.TTI is one of the constituent stocks of the Hang Seng Index, FTSE RAFI(TM) All-World 3000 Index, FTSE4Good Developed Index and MSCI ACWI Index. For more information, please visit www.ttigroup.com.All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. RYOBI is a registered trademark of Ryobi Limited, and is used under license. For enquiries:Techtronic Industries Co. Ltd.Isabella ChanTel: +(852) 2402 6495Email: isabella.chan@tti.com.hkWebsite: www.ttigroup.comStrategic Financial Relations Limited Veron Ng +(852) 2864 4831 veron.ng@sprg.com.hk Adrianna Lau +(852) 2114 4987 adrianna.lau@sprg.com.hk Karen Kwan +(852) 2114 4171 karen.kwan@sprg.com.hk Email: sprg_tti@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Software AG to Power Growth Across APJ with New Senior Executive Hires

SINGAPORE, Jun 3, 2021 - (ACN Newswire via SEAPRWire.com) - Software AG (Frankfurt MDAX: SOW) today announced a number of senior executive appointments in Asia Pacific and Japan (APJ). This forms the cornerstone of the company's plan to establish a leadership team that can better support its customer and partner bases in the region, underscoring the importance that Software AG is placing on the region. This also follows a robust 1Q21 global business performance, where digital business transformation emerged as a key growth driver for Software AG.Software AG aims to help organisations become truly connected and turn business data into information that can be acted on. The new appointments collectively boost Software AG's ability to respond to the evolving needs of organisations in APJ, especially in light of the rapid digitalisation in this region.Nicolas Betbeder-Matibet has been appointed Software AG's new Senior Vice President of Sales for Asia Pacific and Japan and will lead the region, where he is responsible for driving all regional GTM efforts as well as cultivating a strong culture and purpose for the team in APJ. Nicolas joins the company from Tibco, where he led their Asia business and drove an aggressive regional growth strategy for the company. Nicolas has also held senior roles at MEGA International and CGI Consulting and is a well-known regional speaker. Software AG veteran Michael Cross has taken on a new role as the Vice President of APJ Alliance and Channels. With renewed focus on alliances and channels to boost Software AG's business growth in APJ, Cross' responsibilities also include an important role to shape the company's IoT Go-To-Market strategy for the region. Based in Australia, Cross' 11 year tenure at Software AG spanned a number of leadership roles across its APJ operations, providing him with insight into the region's unique business nuances.Lorne Fetzek, appointed as Software AG's Country Manager of Japan, brings with him more than 20 years of experience and a stellar track record in leading technology heavyweights. Lorne started his career with Dell Japan, and has held Japan country-level and APG regional-level leadership positions at Verizon, Polycom, and Proofpoint. Prior to joining Software AG, Lorne was the Area Vice President, Japan for cybersecurity specialist, Imperva. Lorne is looking forward to utilising his experience in the Japan market to strengthen Software AG's growing Japan business.KyuHwan Lee, Country Manager of Software AG, South Korea, joins the company from Oracle Digital Prime. KyuHwan previously held the role of Sales Director, and was responsible for driving customer-oriented strategies, marketing and sales play with his direct reports and partners for Oracle. These strategies led to outstanding results, achieving remarkable growth for Oracle in FY20 for which he was honoured with the "Outstanding FLM in FY20" recognition.Scott Little, Senior Vice President of Global Sales said: "Our growth momentum over the past quarter has been driven in no small part by the rise of digital business, and bolstering our ranks with industry veterans will position us well to continue building on the strong momentum that we have established. The rapid digitalisation of APJ presents new opportunities for Software AG to distinguish itself as a leading industry player by supporting the growth of the region's digital-first businesses. Led by our newly minted team, we are thrilled to embark on a new chapter of our regional growth story and look forward to further entrenching Software AG's presence in APJ."Moving ahead, Software AG's approach to growth will be centred around the Helix transformation strategy. Built around the values of "Focus, Team and Execution", it sets solid, material goals for the company, including targeted, sustainable and profitable growth, and a commitment to medium-term milestones, metrics and pathways.Earlier in February 2021, Software AG announced a partnership with Singaporean telecommunications company StarHub that aims to help businesses consolidate varied IoT assets on a massive scale via the 5G IoT platform service. It is billed as a one-stop solution that provides IoT connectivity including StarHub's 5G, device management, professional services to integrate existing or new systems, and managed services to run the entire IoT environment for any organisation. This accelerates and adds scalability to IoT implementations, empowering organisations with productivity boosts, enhanced innovation capabilities, as well as overall cost-savings.About Software AGSoftware AG is the software pioneer of a truly connected world. Since 1969, it has helped 10,000+ organizations use software to connect people, departments, systems and devices. Software AG empowers truly connected enterprises using integration & APIs, IoT & analytics and business & IT transformation. Software AG's products establish a fluid flow of data that allows everything and everyone to work together. The company has more than 4,700 employees across more than 70 countries and annual revenue of over EUR 800m, with the aim of exceeding EUR 1bn by 2023. For more information, visit www.softwareag.com. And follow on LinkedIn and Twitter. Software AG Media ContactJane ChanE: Jane.Chan@softwareag.comT: +65-9150-3794PRecious Communications for Software AGE: softwareag@preciouscomms.comT: +65-6303-0567 Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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