HONG KONG, Dec 12, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings"; together with its subsidiaries, "the Group"; Stock Code: 1087.HK), a leading integrated smart-IT solutions provider in China, is pleased to announce that its subsidiary Wafer Systems Limited ("Wafer Systems"), which owns the smart office software solutions flagship product Virsical, has signed a strategic cooperation agreement with NTT Communications China ("NTT Com China"), a subsidiary of Japan's Nippon Telegraph & Telephone ("NTT"), to carry out in-depth cooperation in the field of smart-office software as a service ("SaaS"). The cooperation agreement will encompass activities including product distribution, market promotion, technical resourcing and other mutually beneficial undertakings.The Smart Office Management SaaS Service Platform is a smart operations and management platform self-developed by Wafer Systems, grounded in enterprises' common office scenarios and which uses lightweight SaaS applications to meet enterprises' operational and maintenance requirements in daily administrative management, including such functions as conference management, work station management and visitor management. Spatial visualisation maps and data report in all dimensions provided by the platform can help enterprises review their operating conditions visually, effectively support their decision-making upgrades, and assist them in reducing costs and boosting efficiency. Meanwhile, Wafer Systems' powerful product matrix and research & development ("R&D") capabilities can provide expansion capacity for products and scenarios benefiting from the deployment of the SaaS platform.As a leading provider of smart office solutions in China, Wafer Systems has been deepening its achievements in the field of smart offices to meet enterprises' needs in intelligent operations, employee health, collaborative efficiency, carbon emissions reduction, energy conservation and the user experience. The provision of integrated product matrix, its strong R&D capabilities, large customer base and extensive ecological cooperation network contribute to its core competitiveness.NTT Com China is a wholly-owned business subsidiary of NTT, the largest telecommunications service provider in Japan. Focused on providing professional ICT solutions and services for multinational enterprises running businesses in China, NTT Com China has built a complete business line of communication systems, a leading-edge operations service system, substantial overseas resources, business integration capabilities, and comprehensive marketing channels within China and elsewhere. The co-launch of the Smart Office Management SaaS Service Platform by both parties is expected to give full play to their respective advantages and jointly build out the platform so that it caters for the full range of scenarios and products that make smart offices optimally operational in order to escort enterprises' digital transformation.Amid the continuous development of the digital economy and constant changes in the economic environment, digital transformation has become the only development path for traditional industries, and the use of digital enabling technology by enterprises to reduce costs and increase efficiency has become ubiquitous. Against this backdrop, Wafer Systems and NTT Com China have jointly reached a cooperation agreement to smooth the digital transformation journey for traditional enterprises and address their need to engage with cloud computing. Looking ahead, the two parties will continue to deepen their cooperation. As it comprehensively improves the customer experience and service innovation, the two parties strive to solve problems for enterprises in the cloud, and achieve joint contribution, collaboration and win-win outcomes.About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock Code: 1087.HK) was listed on the main board of Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Oct 13, 2022 - (ACN Newswire via SEAPRWire.com) - Committed to promoting the development of the innovation and technology (I&T) industry and generating business opportunities across different sectors, the Hong Kong Trade Development Council (HKTDC) is organising five autumn technology fairs* under its brand-new EXHIBITION+ hybrid model. The five HKTDC autumn tech fairs have gathered more than 1,100 exhibitors to showcase an array of cutting-edge technology products, solutions and information and to help industries capture cross-sector business opportunities.Smart Government Pavilion and Hong Kong Innovation Pavilion feature an array of solutions designed to help drive smart city development and enhance the efficiency and efficacy of public services, in addition to several award-winning solutions.Industry representatives and star speakers examine the latest tech development trends and share updated industry news at today's Symposium on Innovation & Technology. Topics include ESG trends, the metaverse and high-speed data transmission.The events bring together more than 1,100 exhibitors showcasing an array of cutting-edge information and communication technology products, electronic and lighting products, and exciting new smart city solutions. The physical fairs started their four-day run (13-16 October) today at the Hong Kong Convention and Exhibition Centre (HKCEC). From now until 23 October, exhibitors, buyers and industry professionals from around the world can also build connections and participate in smart business matching through the Click2Match platform.Presenting tech products and solutions for various industriesThe five technology fairs* are all signature events for the I&T industry. Presented under the theme "Innovations for Better Living", this year's fairs aim to promote exchanges between local companies and exhibitors across various countries and regions. At the same time, the events seek to encourage the application of I&T in different areas; generate cross-sector business opportunities; and promote better living through I&T. Among the fairs, the HKTDC International ICT Expo spotlights an array of smart city solutions falling under four topics: Digital Business, Smart Living, Transportation and Mobility, and Governance and Infrastructure.A highlight of the expo is the pair of pavilions - the Smart Government Pavilion (Booth: 1E-A02) and the Hong Kong Innovation Pavilion (Booth: 1E-A22) - organised by the Office of the Government Chief Information Officer (OGCIO) under the theme "Smarter Hong Kong". The former features more than 40 solutions from over 20 government departments and public organisations designed to help drive smart city development and enhance the efficiency and efficacy of public services. The solutions encompass seven topics, including smart mobility, smart living, smart environment, smart government, smart airport, smart village, and combatting COVID-19 through I&T. Among the solutions are a traffic data analytics system jointly developed by OGCIO, the Transport Department and the Hong Kong Observatory; the smart water meter system from the Water Supplies Department; the HA Go one-stop mobile app developed by the Hospital Authority as a pilot trial of telemedicine services; and the hiker safety system from the Electrical and Mechanical Services Department.The expo also features the So French So Innovative pavilion (Booth: 1E-C12) that will showcase multinational I&T enterprises and start-ups from France, including Dragages, STMicroelectronics, Thales, Veolia and more.Other renowned exhibitors include Autotoll, Hikvision, HKBN Enterprise Solutions, IVC Consulting Group (SAP reseller), NEC, PricewaterhouseCoopers and Yonyou. Among the organisations running pavilions at the expo are Big Data for Business (B4B) Challenge, Cyberport, Hong Kong Science and Technology Parks (HKSTP), Intelligent Transportation Systems (ITS) Hong Kong, and the Smart City Consortium.This year's HKTDC Hong Kong Electronics Fair (Autumn Edition) presents three thematic zones: Hall of Fame, Startup Zone and Smart Tech. They are showcasing a huge array of electronic products and accessories, smart home products and innovative tech solutions in the fields of robotics, unmanned technologies, augmented reality/virtual reality (AR/VR) and artificial intelligence of things (AIoT). Highlight products include a smart radar (Booth: 1D-B20) and an automatic pill dispenser (Booth: 1E-A36) developed by local start-ups.In addition to local exhibitors, the Electronics Fair (Autumn Edition) has attracted a variety of exhibitors from Mainland China. Enterprises from Shenzhen, Shunde District in Guangdong, Zhejiang Province and the Zhongguancun technology hub in Beijing are presenting at their physical pavilions. Meanwhile, online pavilions are featuring exhibitors from Taiwan and Korea as well as Jiangsu Province, Shenzhen and Xiamen from the mainland.At electronicAsia, jointly organised by the HKTDC and MMI Asia Pte Ltd, printed circuit boards, chips and solar and photovoltaic renewable energy solutions are featured.Meanwhile, the HKTDC International Lighting Fair (Autumn Edition) and HKTDC International Outdoor and Tech Light Expo are displaying a spectrum of smart and green lighting products. Among them are flexible track lighting systems (Booth: 1C-D17) and smart ceiling lamps (Booth: 1C-C05). A pavilion organised by Zhejiang exhibitors presents an array of lighting products at the physical fair, while Guangdong, Jiangsu, Xiamen and Taiwan exhibitors are showcasing their offerings in online pavilions.The Outdoor and Tech Light Expo features the Innobuild Zone, highlighting building-related technologies and products. Among the highlights are solutions for driving sustainable development and enhancing living environments, such as a smart toilet system (Booth: 1C-A01) that uses Internet of Things technology to improve management effectiveness.During the fairs, a series of forums, panel discussions and seminars have been arranged to keep industry participants updated and informed. Highlights include:Electronics Fair (Autumn Edition) and electronicAsia- Symposium on Innovation & Technology (13 October)-- Co-organised by the HKTDC and the Hong Kong Electronics & Technologies Association, the symposium took place today and was accompanied by an online simulcast. Presented under the theme "Innovate for a Sustainable Future", the event featured industry representatives and star speakers examining the latest tech development trends and sharing topical industry updates. Topics covered included environmental, social and governance (ESG) trends, the metaverse and high-speed data transmission.- Hong Kong Electronic Forum (15 October)-- Jointly organised by the HKTDC, Messe Munchen and the Hong Kong Electronic Industries Association, the forum will explore the latest microelectronic and chiplet applications.- Startup Smart Launch (13 and 14 October)-- Multiple Startup Smart Launch sessions enable start-ups to promote innovative ideas and explore commercialisation opportunities for their smart ideas and products.International ICT Expo- B4B Challenge 2021-22 Award Ceremony cum 2022 Conference (14 October)-- This event, co-organised by the HKTDC and the B4B Challenge, will examine how the real estate industry can boost energy efficiency and advance sustainable development.- So French So Innovative Conference 2022 (14 and 15 October)-- The HKTDC and So French So Innovative will jointly present this conference to cover ways to combat climate change and drive sustainable development.- Smart City Development in Hong Kong - The Way Forward (14 October)-- Jointly organised by the HKTDC and the Smart City Consortium to discuss the Smart City Blueprint 3.0.- Smart Mobility and the Digitalisation of Transportation Symposium (14 October)-- The HKTDC and ITS Hong Kong have invited industry experts to discuss solutions for intelligent transportation systems and smart mobility.- Meet the Giants Panel Discussion - AI, The New Era of Connection (15 October)-- Discussing and dissecting the applications of artificial intelligence to smart cities and their latest developments.Lighting Fair (Autumn Edition) and International Outdoor and Tech Light Expo- Beyond Illumination - Smart Solutions for Energy Efficiency Seminar (14 October)-- Exploring smart lighting solutions for a sustainable future; looking into the latest trends in green construction technologies and energy-saving solutions.- Seminar on Testing and Certification Services for Lighting Products (14 October)-- Examining the mounting pressure and expanding opportunities in lighting product sustainability, as well as the standards and testing involved in their import and export.EXHIBITION+ helps SMEs expand business opportunitiesThis year's five autumn technology fairs have adopted the new EXHIBITION+ hybrid model. It combines four key exhibition elements, including HKTDC-organised physical fairs, the smart business-matching platform Click2Match, online-to-offline seminars under the Intelligence Hub, and the hktdc.com Sourcing platform. EXHIBITION+ extends the physical fairs' face-to-face interactions to an online smart business matching platform to help global exhibitors, buyers, and industry professionals connect proactively with business partners in order to venture into new frontiers together.* The five autumn technology fairs are the HKTDC Hong Kong Electronics Fair (Autumn Edition), electronicAsia (organised by the HKTDC and MMI Asia Pte Ltd), HKTDC International ICT Expo, HKTDC Hong Kong International Lighting Fair (Autumn Edition) and the HKTDC Hong Kong International Outdoor and Tech Light Expo.Websites- Hong Kong Electronics Fair (Autumn Edition): https://hkelectronicsfairae.hktdc.com- electronicAsia: http://www.electronicasia.com- International ICT Expo: https://ictexpo.hktdc.com- Hong Kong International Lighting Fair (Autumn Edition): https://hklightingfairae.hktdc.com- Hong Kong International Outdoor and Tech Light Expo: https://hkotlexpo.hktdc.com- Highlight Product Lists: https://bit.ly/3rc6pLp- Activity details: https://www.hktdc.com/event/ictexpo/en- Photo download: https://bit.ly/3yBu9wNAbout HKTDC The 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 LinkedInMedia enquiriesPlease contact the HKTDC's Communications & Public Affairs Department:Snowy Chan, Tel: +852 2584 4537, Email: snowy.sn.chan@hktdc.orgFrankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Sep 29, 2022 - (ACN Newswire via SEAPRWire.com) - Organised by the Hong Kong Trade Development Council (HKTDC), five technology fairs* will be held in October under the theme "Innovations for Better Living". The fairs will run under the HKTDC's brand-new EXHIBITION+ hybrid model, creating a variety of cross-sector business and networking opportunities for buyers and exhibitors at the physical fairs that takes place from 13 to 16 October at the Hong Kong Convention and Exhibition Centre (HKCEC) and continuing to build connections through the HKTDC's smart business-matching platform Click2Match until 23 October. The fairs are bringing together nearly 1,000 exhibitors to showcase cutting-edge smart products, smart city solutions and related services and information, helping them capture the tremendous opportunities resulting from the rapid development of new and innovative technologies.Jenny Koo, HKTDC Assistant Executive Director (centre); Tony Wong, Deputy Government Chief Information Officer (L); and Victor Choi, Hong Kong Electronics and Technologies Association Chairman (R)The Chinese University of Hong Kong presents an augmented reality rehabilitation system at the fair, which employs IoT technology to protect the safety of elderly people.This smart platform from Hong Kong Productivity Council - Automotive Platforms and Application Systems R&D Centre can automatically and safely transport materials, tools, and machines.Showcasing world's top innovations and capturing opportunitiesUnder the National 14th Five-Year Plan, Hong Kong is actively supported by the Central Government to develop into an international innovation and technology (I&T) hub, creating massive potential for the I&T industry. Addressing a press conference held today to introduce the five autumn fairs, Jenny Koo, HKTDC Assistant Executive Director, said: "To help enterprises seize the opportunities brought by innovative technologies, the HKTDC has integrated five major technology exhibitions to create cross-industry business opportunities. In addition to local small and medium-sized enterprises (SMEs), the physical exhibitions of the fairs feature enterprises from France, Italy, Mainland China (Jiangsu, Zhejiang, Beijing Zhongguancun, Shenzhen and Shunde), Taiwan and the United Kingdom, while exhibitors from the mainland, Italy, Korea, Taiwan and the UK will join the online exhibition. These companies will showcase a wide range of new smart technology products and solutions to global buyers."Ms Koo added that the HKTDC has actively mobilised its network of 50 offices worldwide to invite overseas buyers to conduct business discussions with exhibitors via video conferencing on its Click2Match platform.Government presents smart city solutions, French pavilion offers top-notch techAmong the five fairs, the International ICT Expo presents exhibitors showcasing smart city solutions under four themes: Digital Business, Governance & Infrastructure, Smart Living, and Transportation & Mobility. Highlights of the expo include two pavilions, the Smart Government Pavilion and the Hong Kong Innovation Pavilion, under the theme of "Smarter Hong Kong", organised by the Office of the Government Chief Information Officer. The former will present the Hong Kong Special Administrative Region (HKSAR) Government's technology solutions that help drive smart city development and enhance the quality of public services, in the areas of smart mobility, smart living, smart environment, smart government, smart airport, smart village, and combatting COVID-19 through I&T. The latter showcases winning solutions and works from the Hong Kong ICT Awards 2021 and Maker in China SME Innovation and Entrepreneurship Global Contest Hong Kong Chapter in 2019, 2021 and 2022.The expo will also feature renowned exhibitors, including Autotoll, Hikvision, HKBN Enterprise Solutions, IVC Consulting Group (SAP reseller), NEC Hong Kong Limited, PricewaterhouseCoopers and Yonyou, as well as pavilions including Big Data for Business (B4B) Challenge, Cyberport, Hong Kong Science and Technology Parks (HKSTP), Intelligent Transportation Systems Hong Kong (ITS) and Smart City Consortium. In addition, the So French So Innovative pavilion, comprising international I&T companies and start-ups from France including Dragages, STMicroelectronics, Thales, Veolia and more, will present top-notch technologies and solutions.Several local research and development centres and institutions will be presented at the expo, including The Chinese University of Hong Kong, Hong Kong Applied Science and Technology Research Institute (ASTRI), the Automotive Platforms and Application Systems R&D Centre (APAS) hosted by the Hong Kong Productivity Council, and the Logistics and Supply Chain MultiTech R&D Centre (LSCM). In addition, a number of start-ups will present their innovative solutions, including the novel Uvent solution that helps to eliminate grease and smoke in kitchens by breaking them down into carbon dioxide and water vapour to reduce air pollutants and remove odours.Various seminars will be held during the expo to explore technological developments and applications. The ITS Hong Kong seminar will discuss technological solutions for smart mobility, while the B4B Challenge and Smart City Consortium will address hot topics such as carbon efficiency, sustainability and smart living. The So French So Innovative pavilion will gather industry leaders from France to share ways in which innovative technologies can support the sustainable development of metropolises and smart transportation. Meanwhile, Cyberport, HKSTP and other local industry leaders will share their insights on smart city development and property technology (proptech) solutions.Three thematic zones showcase brands and start-upsThe HKTDC Hong Kong Electronics Fair (Autumn Edition) will feature three thematic zones. Hall of Fame will gather electronic products from renowned international brands; Startup Zone will feature innovative technology enterprises and young entrepreneurs; and Tech Hall will present the latest electronic products and smart living solutions. Featured products include a care on call system that employs Internet of Things (IoT) technology. Using bracelets, Bluetooth beacons and temperature detectors, the system can detect emergency situations in the home to protect the safety of the elderly. Another local exhibitor presents an artificial intelligence (AI) robot with multiple capabilities, including patrolling, disinfecting the environment and delivering food, which is already widely used by many local enterprises, public organisations and social welfare agencies.Alongside the Electronics Fair, electronicAsia (co-organised with Messe Munchen) will cover printed circuit boards and solar and photovoltaic renewable energy solutions.Organised by the HKTDC and Hong Kong Electronics & Technologies Association, the Symposium on Innovation & Technology will be held on the first day of the fair (13 October). Under the theme "Innovate for a Sustainable Future", the symposium has invited Sun Dong, Secretary for Innovation, Technology and Industry of the HKSAR Government, as guest of honour, while distinguished speakers include Yat Siu, Co-founder & Executive Chairman, Animoca Brands; Haoli Qian, Vice President of Engineering, Credo Semiconductor; Boudewijn Pesch, Vice President Asia Pacific, Axis Communications; Peter Lee, Director of Research and Development (Environmental), Nano and Advanced Materials Institute; and Justin Chan, CEO & Co-founder, Gense Technologies. This impressive array of experts will share insights on topics such as environmental, social and governance (ESG) trends, the metaverse, high-speed data transmission, AI semiconductors, energy storage, and digital health technology. Meanwhile, the Electronics Fair and electronicAsia will co-organise the Hong Kong Electronic Forum to explore state-of-the-art applications of microelectronics and chiplets.Innobuild zone at light expo features building-related productsThe HKTDC International Lighting Fair (Autumn Edition) and HKTDC International Outdoor and Tech Light Expo will showcase a wide range of smart and green lighting products, including flexible track lighting systems and LED floodlights. The Outdoor and Tech Light Expo will continue to feature the Innobuild zone to showcase building-related technologies and peripheral products. One of the exhibitors will present NanoFlow, an innovative nano-coating inside ventilation ducts that is anti-mould, anti-bacterial, anti-viral and anti-dust. Industry-focused seminars on smart solutions for energy efficiency, as well as testing and certification services for lighting products, will be held during the fair period to bring participants up to date on the latest trends.EXHIBITION+ assists SMEs to expand business opportunitiesThe autumn five technology fairs will run under the new EXHIBITION+ model. It comprises four key exhibition elements, including HKTDC-organised physical fairs, the smart business-matching platform Click2Match, online-to-offline seminars under the Intelligence Hub, and the hktdc.com Sourcing platform, to provide round-the-clock services that boost the flexibility and effectiveness of business promotion for SMEs and offer benefits such as extended fair periods, expanded platforms and enhanced opportunities. EXHIBITION+ extends face-to-face interactions from physical exhibitions to an online smart business-matching platform to help enterprises connect with business partners proactively.* The five technology fairs include: Hong Kong Electronics Fair (Autumn Edition), organised by the HKTDC; electronicAsia, organised by the HKTDC and Messe Munchen; and the HKTDC-organised International ICT Expo, Hong Kong International Lighting Fair (Autumn Edition), and Hong Kong International Outdoor and Tech Light Expo.Overall export performance by industryIndustry | January to August 2022 (YoY)Electronic products | HK$2,201.9 billion (-2.7%)Electronic components | HK$1,737.4 billion (-2.0%)Information technology (computers and components) | HK$341.3 billion (+0.2%)Lighting products | HK$3.32 billion (-19.7%)Websites- Hong Kong Electronics Fair (Autumn Edition): https://hkelectronicsfairae.hktdc.com- electronicAsia: http://www.electronicasia.com- International ICT Expo: https://ictexpo.hktdc.com- Hong Kong International Lighting Fair (Autumn Edition): https://hklightingfairae.hktdc.com- Hong Kong International Outdoor and Tech Light Expo: https://hkotlexpo.hktdc.com- Highlight Product Lists: https://bit.ly/3rc6pLp- Photo download link - https://bit.ly/3UP6wucAbout 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 LinkedInMedia enquiriesPlease contact the HKTDC's Communications & Public Affairs Department:Snowy Chan, Tel: +852 2584 4537, Email: snowy.sn.chan@hktdc.orgFrankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.orgJanet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Sep 20, 2022 - (ACN Newswire via SEAPRWire.com) - According to Bloomberg Terminal, China's smart EV maker Zhejiang Leapmotor Technology Co., Ltd. ("Leapmotor" or the "Company", stock code: 9863.HK) began to offer its shares today, with JPMorgan,CICC, Citigroup and CCB International as joint sponsors. It is expected to list in Hong Kong Stock Exchange on September 29.Leapmotor is a smart EV company based in China that strives to deliver the finest smart mobility experience to all consumers. Harnessing its proprietary technologies and capacity for innovation, the company designs and builds EVs by approaching them as electronics products characterized by smart features and rapid product iterations, amid the ongoing transformation of automobiles from a means of transport into intelligent mobile spaces.With full-suite of R&D capabilities and vertical integration, core technologies build the cornerstone of developmentTechnology R&D is not only the foundation of an enterprise, but also the key to maintaining its core competitiveness. In terms of independent R&D capability, Leapmotor is the only pure-play EV company and one of the few NEV companies with such a full-suite of R&D capabilities based in China that develops all key hardware and software across the core systems and electronic components. At present, Leapmotor achieved the designing and producing in-house all of the core systems and electronic components, including its intelligent power system, autonomous driving system. Except for battery cells and internal and external decoration that are outsourced, as well as chassis and automotive electronics that are self-developed and outsourced for production, other parts are self-developed and self-produced, which further highlighted the market competitiveness and influence. The professional R&D team is an important reason for Leapmotor to continuously expand its technical advantages. As disclosed in the prospectus, as of 30 June 2022, Leapmotor had 1,869 R&D employees, accounting for approximately 32.7% of the total number of employees. In the meanwhile, the achievements in R&D will further enhance the Company's ability to attract and retain high-quality technical talents, so as to realize a virtuous cycle of development and take a firm stand in the top group of new forces in vehicle manufacturing.Focusing on industries of high prosperity, the sales soars and opens up broad growth spaceIn 2021, China's new energy vehicle ("NEV") sales volume was 3.3 million units, making it the world's largest new energy vehicle market. It is expected that by 2026, China's new energy vehicle sales will reach 10.6 million units, exceeding that of ICE vehicles for the first time, and the compound annual growth rate from 2021 was 26.0%, accounting for 43.9% of the global new energy vehicle market. The penetration rate of NEVs in China's PV market is expected to surge from 22.4% in 2022 to 50.1% in 2026.In this context, Leapmotor ushered in a broad space for development, and the sales of smart EVs have achieved rapid growth. As disclosed in the prospectus, in 2020 Leapmotor delivered more than 8,000 smart EVs, a total of 43,748 vehicles in 2021, a 443.5% increase from 2020, making it the fastest-growing among the leading pure-play EV companies based in China in terms of delivery volume. For the six months ended 30 June 2022, the Company delivered a total of approximately 51,994 smart EVs, an increase of 265.3% from that period in 2021. The company delivered 64,038 smart EVs in the first seven months of 2022, representing an increase of 244.8% from that period of 2021.The increase in sales led to the rise in Leapmotor 's revenue. The data shows that from 2019 to 2021, the total revenue of Leapmotor amounted to approximately RMB117.0 million, RMB631.3 million and RMB3,132.1 million respectively. Its total revenue increased by 616.4% year on year to RMB1,992 million for the three months ended 31 March 2022. Its revenue increased by 479.4% year on year to RMB5,081.5 million for the six months ended 30 June 2022. Rising profitability will further consolidate and enhance its leading position, building up a solid, strong competitive barrier.With the popularity of the smart EV industry, Leapmotor has a full-suite of R&D capabilities and rapid expansion of product portfolio. This Hong Kong IPO is another milestone in its development and is expected to become the fourth new force EV maker to list in Hong Kong after XPeng, Li Auto and NIO. It is believed that more capital injection will raise its safety margin and add strong impetus to its subsequent development. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Aug 31, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings", together with its subsidiaries, the "Group"; stock code: 1087.HK), a leading integrated smart IT solutions provider in China, announces its unaudited consolidated results for the six months ended 30 June 2022 (the "Period"). During the Period, the Group formed strategic alliance with technology giants to jointly offer enterprise digital transformation solutions. These initiatives set to drive sustainable business growth and enhance the Group' core competence. During the Period, intensifying economic uncertainty dampened the business environment in the IT industry in general, meanwhile the delays in project schedules affected by the lockdown of cities in China attributed to a reduction of the Group's revenue to approximately RMB197.1 million (1H 2021: approximately RMB230.4 million). Despite this, thanks to the Group's effective cost control measures and an increase in the proportion of sales of smart office software solutions and related services with relatively higher gross profit margins, the gross profit increased by approximately 32.4% year-on-year to approximately RMB27.0 million (1H 2021: approximately RMB20.4 million). The gross profit margin for the Period was approximately 13.7%, representing a year-on-year leap of approximately 4.9 percentage points (1H 2021: approximately 8.8%). Mainly attributable to the increase in income tax expenses, a loss for the period of approximately RMB14.1 million was recorded (1H 2021: loss for the period of approximately RMB12.2 million).Business ReviewIT Infrastructure System Integration BusinessLeveraging its solid foundations in the industry and strong customer relationships, the Group continued to expedite the development of its traditional IT infrastructure system integration business during the Period. By deepening its business collaboration with technology giants, the Group continued to leverage its core competitiveness and provided advanced and customised IT infrastructure solutions to clients in segments including finance, manufacturing and retail.Smart Office Software Solutions BusinessWhile the Group's self-developed applications (apps) - namely MetaVisitor, MetaWorkspace and MetaMeeting - were launched on several platforms during the Period, the Group also redoubled its efforts to upgrade Virsical, its flagship smart office software solutions product. The Group strived to expand the customer base for its professional smart office solutions and property technology solutions, which provide professional tools such as intelligent building control systems and smart visitor management systems to clients in diversified sectors.Stepping up Efforts to Expand its Business in Hong KongAfter the Group winning a government contract for the provision of a smart library system for the Hong Kong government's Leisure and Cultural Services Department last year, it began to carry out preliminary work including the design of core library systems. The work performed during the first half of 2022 translated into the recognition of approximately RMB12.4 million of revenue during the Period. The Group expects that the project will provide a large and stable income stream as it is completed. In addition, the Group also strived to secure more contracts related to government and public sectors in Hong Kong during the Period, with a focus on smart city and smart IT-related projects, aspiring to enhance its revenue. OutlookLooking ahead, the Group will maintain the stable development of its IT infrastructure system integration business, with a focus on facilitating the development of its smart office software business, which will serve as its revenue growth engine. To acquire new clients and offer cutting-edge solutions, the Group will continue to form strategic alliances with technology giants. In addition to expanding its customer base in the PRC, the Group will also continue its strategic tendering for both public and private projects in Hong Kong, striving to increase its market share. With the aim of expanding its business in overseas markets, the Group intends to explore its business opportunities in Southeast Asia and countries along the route of Belt and Road Initiative to accelerate its business development and capture market opportunities.In recent years, technology giants have made immense investments to expedite the development of enterprise metaverse, leading to breakthroughs in this new technology. Enterprise metaverse solutions have become one of the latest trends in the IT industry, considering that many employees have switched to working from home due to recurrent COVID-19 outbreaks. Leveraging InvesTech's advanced digital-twin technology and solid experience in hybrid smart office solutions, the Group aims to modify and enhance its software products through built-in compatibility with the latest technology. The Group will also join hands with technology giants to offer highly realistic, virtual smart office solutions to customers, with the ultimate goal of facilitating the development of enterprise metaverse.Mr. Ringo CHAN, Chairman of InvesTech Holdings, said: "Taking the rising global demand of IT infrastructure system integration and smart office software solutions into consideration, we are optimistic about our prospects. To capture market opportunities and enhance our leading position in integrated smart IT solutions industry, it is essential to strengthen our core competence to maintain a sustainable development. Therefore, we have continuously been increasing our investment and expand the professional team at our research and development ("R&D") centre in the PRC city of Xi'an in order to optimise our R&D capabilities. Looking ahead, we will explore every opportunity to inject new impetus to our business development and maximize our income, in hopes of bringing greater returns to shareholders and investors."About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock code: 1087.HK) was listed on the main board of Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
Los Angeles, CA, August 30, 2022 – (SEAPRWire) – Futura Token ($FUTURA), a new form of decentralized finance (DeFi) token utilizing a “smart liquidity pool,” successfully launched and began trading on Uniswap on the 8th of August 2022. Assessing current market sentiment, the company believed this an ideal climate to launch a new form of DeFi token, which adjusts the usage of the transaction fees intelligently, based on live market data. The company believes this “smart liquidity pool” can deliver optimum price performance to investors, even in market volatility. The team has provided numerous updates and revelations in the first week since launch, establishing FUTURA as an investor-focused DeFi project. First-week Chainlink Integration To ensure accurate market information is continuously being assessed, the $FUTURA contract is directly reading Chainlink Price Feed data. This innovative approach to liquidity pool management was developed in partnership with well-respected Ethereum blockchain developer Sir Tris (Twitter:@SirTrisCrypto), who counts amongst his most successful recent projects Clifford Inu ($CLIFF), which was the first ERC-20 token to utilize native burns from the liquidity pool. New Generation Smart Contracts Many investors have temporarily pulled out of the DeFi space out of concern for fraud since, according to market analysis tools like the BTC F&G index, the overall market mood is highly unfavorable. Future-focused at $FUTURA, the business is spending money to create a next-generation contract analyzer, utilizing the skilled crew at their back. The company claims that several other cutting-edge solutions that are presently under development will continue to prioritize enhancing the safety of the typical investor in the occasionally hazy DeFi field. By refining existing mechanics and expanding the capabilities of smart contracts, FUTURA works to usher in a new generation of smart contracts by optimizing them from the inside out. Programmed Growth The FUTURA smart contract was designed from the bottom up to offer a dynamic taxing scheme as a countermeasure to the prevailing market attitude. As investors flock into FUTURA, the contract takes a portion of the taxes into the LP, storing them in the contract itself. This, in essence, ensures that on any price drop, the contract automatically removes the generated LP and purchases it on market value, subsequently burning the supply. Deflationary Dynamic Taxation Through Futura’s dynamic tax system, the contract buybacks automatically get burnt, taking the tokens out of circulation permanently, which results in more scarcity and a higher PPC overall. This mechanic provides a price cushion and prevents significant drops on the chart, ensuring that the price floor is up with any contract interaction. Furthermore, this solution also results in higher liquidity, providing more overall stability to the token. About Futura Futura is a decentralized finance project on the ERC20 network, launched on the 8th of august. Futura was created from the ground up by SirTris, who is known for developing safe, reliable, and innovative smart contracts. SirTris’s prior contracts have garnered over 5 billion dollars when combined with their top market price. Futura is a first-of-its-kind smart contract that utilizes dynamic taxation and liquidity to raise the price floor permanently, higher LP % as the market cap rises, and lower LP % as the market cap reduces. The contract is not renounced, as manual LP rebalancing is one of the core functions of the project. Futura has been developing since late 2021, with a core focus on providing a haven against the permanent market volatility in the cryptosphere. The primary aim of FUTURA has remained firm since its inception – bridging the gap between the safety of traditional blue cap cryptocurrencies and the dynamic world of decentralized finance projects, all while encouraging safety, reliability, and positive growth through development. At this time, $FUTURA has applied for listing status with Coinmarketcap.com and CoinGecko.com. The contract has just completed a security audit with Asfalia (http://Asfalia.xyz). $FUTURA is currently trading at $0.004060 per token. Social Links: TG: https://t.me/futura_portal Chinese: https://t.me/Futura_CN Twitter: https://twitter.com/FuturaToken Media Contact Brand: Futura Token Contact: Kevin Bryant, VP of PR Website: https://www.futuratoken.com/ Email: press@futuratoken.com SOURCE: Futura Token The article is provided by a third-party content provider. 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HONG KONG, Aug 17, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings", together with its subsidiaries, "the Group", Stock Code: 1087.HK), a leading integrated smart IT solutions provider in China, is pleased to announce that its subsidiary Wafer Systems Limited ("Wafer Systems"), which owns the smart office software solutions flagship product Virsical, has started a new collaboration with Microsoft Corporation ("Microsoft"; NASDAQ: MSFT) in the field of the modern workplace, jointly offering enterprises with digital transformation solutions.Jointly launching enterprise smart workspace solutions empowering the enterprises digital transformationWafer Systems and Microsoft joined hands to launch two distinctive enterprise solutions, namely "AIoT-based Smart Building Digital-twin Solution" and "Teams-based Digital Administrative Office Solution", to empower clients from various industries to undergo digital transformation. The Group and Microsoft aspire to force disruptive innovation to the traditional manpower-based management model, with an aim of delivering groundbreaking solutions to enterprises. As a digital administrative office solution, "AIoT-based Smart Building Digital-twin Solution" is Virsical AIoT platform-centred and Microsoft Azure-powered solution, which integrates building space management system and various smart hardware and terminals to collect and analyse information such as people's behaviour, terminal equipment and space status in the building, for the formation of a digital platform where information collection, resource sharing and optimised management are enabled. It also realises digital management of enterprise operational scenarios encompassing facility management, energy saving and emission reduction, office services, monitoring and alarming, emergency services, and information distribution. It effectively helps enterprises achieve intelligent collaboration of people, objects and space, and realise the intelligent transformation of administrative management, thus enhancing the efficiency of building operation and management, as well as reducing operating costs."Teams-based Digital Administrative Office Solution" is a corporate digital-twin smart management platform that is built on the foundation of Microsoft Teams with the application of advanced technologies such as the Internet of Things (IoT). It forms a system platform with functions including information collection, resource sharing and optimised management, in order to realise real-time dynamic monitoring and control of equipment operations. The platform covers multiple areas of corporate administration, including workstation management, meeting management, visitor management, access management, smart locker management, smart washroom management and space asset management, etc. It helps corporates achieve the intelligent management of people, objects and space while improving the efficiency and precision of real-time decision-making. Meanwhile, it drives enterprises to attain smart transformation of administrative management and fulfil green and low-carbon operations in office buildings. Leveraging its professional standards and capabilities, alongside industry-leading solutions, Wafer Systems is highly acclaimed by Microsoft and has become the only partner in China being awarded the "Microsoft Best IoT Partner of the Year". Driven by the mutual recognition of capabilities and mission, Wafer Systems and Microsoft have deepened their partnership through intensive collaboration in various fields. Forming strong alliance and strategically deepening collaboration in the field of smart office In November 2021, with its cutting-edge research and development (R&D) capabilities and advanced solutions being highly recognised by Microsoft, the Group ranked first in Microsoft Teams Hackathon with "Virsical Automated Visitor Registration Solution", and won the title of Microsoft Gold Partner in December 2021. In early 2022, Wafer Systems' "Virsical AIoT Solution" officially entered Microsoft laboratory and was empowered by Microsoft laboratory's technology and equipment. Bolstered by the full support of Microsoft experts and laboratory engineers, the Group has accelerated the implementation of Wafer Systems' space management and facility management solutions in the new-generation building parks. Through the integration of the existing solutions by Microsoft AIoT services, subsequent costs for implementation are reduced. The entry facilitates the integration of Virsical and Microsoft in terms of AIoT solutions, thus promoting the incubation and implementation of more technical solutions while allowing the two parties to explore the high-potential AIoT field together. Currently, several Virsical software products, namely MetaVisitor, MetaWorkspace and MetaMeeting, were successively launched on Microsoft Teams, offering Microsoft Teams users a brand-new office experience. In addition, the Group has recently participated in Microsoft IoT Project Dragon, during which "Virsical Smart Space Solution" was announced as a key solution in the smart space field and successfully gain wide recognition in the industry.By continuously strengthening and consolidating each other's advantages, the Group and Microsoft have reached mutually beneficial cooperation. The two parties have also carried out holistic collaborations in various fields, to create interconnected and visualised smart office spaces spanning across scenarios including office spaces, buildings and parks, with a view to improving corporate efficiency and driving the digital transformation of the Group's Fortune 500 clients.Mr. Ringo CHAN, Chairman and Chief Executive Officer of InvesTech Holdings, said, "Capitalising on Microsoft's outstanding technical capability and exhaustive list of product matrix, we are able to effectively optimise our solutions to provide clients with better products and services, thus expanding our market share in the promising Chinese market. As a Microsoft Gold Partner and a leader in the smart office industry, the Group expects to join hands with Microsoft to create smart space management solutions through leveraging technologies namely Microsoft Cloud's IoT, digital-twin and AI technology, as well as fostering integration with applications and management systems in existing traditional headquarters buildings. In the future, to give full play to complementary advantages, the Group will deepen its partnership with Microsoft and establish in-depth cooperation in fields such as smart office, to jointly explore enterprise metaverse."Ms. YIN Bing, Director of Asia IoT Partner Business Unit of Microsoft, said, "We are pleased to collaborate with our outstanding partner Wafer Systems and jointly create innovative solutions. It is Microsoft's mission to empower every person and every organisation on the planet to achieve more. Wafer Systems' innovative smart office solutions work well with Microsoft's industry-leading products such as Azure IoT and Teams, to provide enterprises with convenient tools for efficient management. Going forward, Microsoft will continue to support Wafer Systems in product innovation for the provision of industry-leading Microsoft platform-based solutions to more enterprise clients."About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock code: 1087.HK) was listed on the main board of the Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in the IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has a strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
GENOA, Italy, Jul 20, 2022 - (JCN Newswire via SEAPRWire.com) - In a move that is set to trigger a revolution in how people around the world will travel in towns and cities, Hitachi Rail has digitally connected public and private hire transport across an entire city. The milestone has been achieved using technology from Hitachi's new smart mobility suite called Lumada Intelligent Mobility Management, launched today.The technology can be used in towns and cities across the world. In the launch programme - in Genoa, Italy - Hitachi has connected 663 buses, 2500 bus stops, the metro line used by 15 million p.a., two funiculars, one historic hillside railway, 10 public lifts and two suburban bus routes that span 50km. Users also have the power - via the touch of a button on their mobile phones - to hire an electric car, pay for parking or find an e-moped.Power to the passengerAs part of the world-first trial, Hitachi's 360Pass smart ticketing app has eradicated the need to purchase a traditional paper ticket ever again; or to "touch-in" or download multiple apps for different transport services.The 360Pass connects Bluetooth sensors that know when a passenger with the mobile app has boarded, how far they have travelled and when they disembarked. Users can take multi-modal journeys, but the 360Pass system will ensure they only pay the best possible fare at the end of each day.The 360Pass app offers more personalised information about public transport journeys, including the fastest and most convenient multi-modal route options and real time journey updates.It also allows passengers to check how busy bus services are through the app, enabling them to choose less crowded services. This feature can help allay the increased anxiety about crowding post-Covid19, which a recent independent study found to be the second biggest determinant passenger satisfaction.(1)360Pass is being delivered in partnership with the city's public transport operator, AMT, and the Municipality of Genoa, using the local brand name GoGoGe. The technology is part of the municipality's drive to boost the usage of both public and private e-hire services. The innovative project aims to provide more easily identifiable solutions to the "last mile" problem faced by passengers and public transport authorities around the world.Game-changer for transport authorities and operatorsGenoa, home to two-thirds of a million people, faces similar transport challenges to cities around the world - congestion, emissions and delivering quality services. The ambition on behalf of the city's leadership is to unlock a step change in the use of sustainable mass transport across the metropolitan area.Technology offers a way to reduce the reliance on private vehicles - helping the municipality to meet its goals for congestion relief and reducing emissions - while optimising costs and the provision of transportation across the region. In cities such as Istanbul or London, drivers currently lose an average of 142 and 227 hours per year in congestion respectively, and optimising multi-modal public and hire transport can slash these wasted hours.In addition to the 360Pass mobile app for passengers, the Lumada Intelligent Mobility Management suite gives operators the ability to connect, scale and optimise their city's entire transportation network in real time.The over 7,000 Bluetooth sensors installed in Genoa allow the creation of a "digital twin" of the region's transport and passengers' end-to-end multimodal journeys. This real-time electronic map of how the city is moving is a powerful tool to allow operators to optimise services, timetables and create a system that better accommodates the changing peaks and troughs in passenger demand. It can identify the issues that deter public transport usage, such as congestion, emissions, crowding or gaps in services.In addition to smart ticketing, the suite can combine solutions to help operators control traffic flow and service patterns in real time, allow operators to react more effectively to disruption or large scale events (concerts or sporting) happening across the city. Further, by join up information about the level of emissions and congestion in different geographical area, it allows operators to make smart decision about where to target electrification of services first and prioritise locations for charging for e-bus and e-car fleets and infrastructure.Alessandro de Grazia, Group Head of Smart Ticketing, Hitachi Rail, said: "Hitachi's Lumada Intelligent Mobility Management suite is a world first for smart mobility and can improve urban transport in cities around the world. For the first time, passengers can plan and access the most convenient multi-modal journey for the cheapest fare, without ever removing their phone from their pockets."Today, cities face the challenges of growing public transport use to reduce emissions, cut congestion and boost their recoveries. Our new solutions - proven in Genoa - provide a uniquely powerful platform for operators around the world. From Dusseldorf to Dubai, Istanbul to Toronto - we can help operations connect, scale and optimise their entire transportation network through a single platform."As a global leader in transport and technology, Hitachi's vision for smart mobility is to digitise and optimise every part of the journey across different types of public transport. The new suite embodies Hitachi Rail's holistic vision for smarter mobility, incorporating solutions across three key areas: smart ticketing, mobility management and electrified mobility solutions. While the firm is known for delivering trains and rail infrastructure around the world, including the iconic shinkansen bullet trains, the digitisation of transport systems is an important and growing area of focus.About Hitachi's Lumada Intelligent Mobility Management suiteLumada Intelligent Mobility Management is Hitachi's new suite of smart mobility solutions for cities, transport operators and passengers.The suite represents Hitachi Rail's 360 degrees vision for smarter mobility, incorporating solutions across three key areas:- smart ticketing (including 360Pass)- flow management for people and vehicles; and- electrified mobility solutions Using the suite's 360Motion platform, a real time analytics tool that creates a digital twin of a city's entire transportation network, operators can connect, scale and optimise any combination of these services. As a flexible platform, 360Motion can integrate technology from any existing provider, or draw from the range of solutions within the wider Hitachi group.By offering "as a service" business models to customers, Hitachi Rail aims to make it easier than ever for cities, operators and passengers to accelerate the transformation to more sustainable transportation.About 360Pass: "hands-free" Smart Ticketing technologyPart of Lumada Intelligent Mobility Management's smart ticketing offering, Hitachi Rail is also launching the new 360Pass mobile application for passengers, available on iOS and Android smart phones. The app, launched now available in Genoa, will be rolled out on a city-by-city basis in partnership with local transportation authorities and operators.The connected Bluetooth sensor are easy to install and powered by batteries that last for around five years. The installation and set-up light infrastructure in Genoa took less than six months to be fully-operationally ready. Having proved successful with city's complex mix of public transport modes and challenging geography (dense, hilly and built around successive bays and valleys), Hitachi Rail is confident the technology could be applied to any city around the world.In addition to conventional mobile ticketing capabilities, such as e-ticketing and QR codes, 360Pass is offers innovative hands-free "BeIn BeOut" technology that provides ticketless transportation across multiple modes of transport.The technology uses a network of sensor nodes, installed at strategic points across a transport network, including on trains, buses, parking lots at stops and stations, which connect with the user's 360Pass app via Bluetooth.Once a passenger begins a journey, the app connects with each sensor it passes on the route, recording the full multi-modal journey; for example, different sensors will register a passenger moving between a bus and a metro service. The app then uses the recorded data to calculate the best-priced fare for the passenger at the end of the day, and sends a receipt for the final fare at 3am the next day.The app also provides more personalised information to the passenger, based on the context of their journey - predicting crowding at future stops, and alerting passengers as they approach their destination.Aside from providing a seamless experience for the passenger, the technology can deliver significant benefits for operators, including enhanced data on passengers' full multi-modal journeys, supporting the optimisation of timetables. The technology also has the potential remove large queues and bottlenecks around ticket barriers by using the technology at the entrance to platforms or vehicles.Hitachi Rail's new launch programmes, and decades of experience conventional ticketing, are proving the viability of technology that connects multiple modes of transport across an entire city or region.(1) Source: An independent survey of passengers completed by Transport Focus about views on travel.About Hitachi RailHitachi Rail is a fully integrated, global provider of rail solutions across rolling stock, signalling, service & maintenance, digital technology and turnkey solutions. With a presence in 38 countries across six continents and over 14,000 employees, our mission is to contribute to society through the continuous development of superior rail transport solutions. We are proud of our global achievements, from our world famous "bullet trains", to our signalling solutions and turnkey projects, state-of-the-art traffic management and digital solutions. Drawing on the wider Hitachi Group's market-leading technology and research-and- development capabilities, we strive for industry leading innovations and solutions that can deliver value for customers and sustainable railway systems that benefit wider society. For information about Hitachi Rail, visit www.hitachirail.com Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
Seoul, South Korea, April 6, 2022 – (SEAPRWire) – Protocon, a web 3.0-based Layer 1 blockchain development project, announced a yellowpaper related to “Contract Model,” an alternative technology to smart contracts, on the March 31st. Smart contract is a technology that was first proposed by Nick Szabo in 1996 and realized in Ethereum and is a representative methodology for developing blockchain applications. Ethereum’s smart contract is a technology that combines virtual machines with blockchain to enable programming for general purposes, and almost all mainnets now adopt this method. It is no exaggeration to say that DeFi and NFT were able to become popular due to smart contracts. However, smart contracts are causing various kinds of accidents, such as the Ethereum Dao hacking, the DeFi hacking, and Solana’s Wormhole hacking incident that took place recently. In particular, the multi-billion-dollar DeFi and NFT markets have recently been managed by smart contracts, which ironically raises concern about the vulnerabilities of smart contracts. Improving the weakness of smart contracts has been a main topic of discussion in the blockchain industry for a long time. The Contract Model proposed by Protocon is the introduction of Model-Based System Engineering (MBSE), which is being applied to the development of systems that require high reliability and security, such as aircraft and military weapons, to the blockchain industry. Model-based development methodology is a theory where unit models are developed firmly and safely and combined like Lego to create a complex structure. The Contract Model developed by Protocon is basically composed of a Unit Contract Model and a Composite Contract Model. The Unit Contract Model is a unit program that provides simple functionality and ensures a high level of performance and safety because it is distributed over the network by a consensus of nodes after strict performance and security testing. The Unit Contract Model consists of three sets and three functions. The three sets represent the input, output, and state of the model, and the three functions represent the input transform function, state transition function, and output function , respectively. The Unit Contract Model can operate as an independent function by itself and is also used as a component of the Composite Contract Model. Structure of Unit Contract Model (Reference: Protocon Yellowpaper Part. 1) A Composite Contract Model is created by combining the Unit Contract Model registered in the network. For example, when implementing NFTs as loan collateral, the three Unit Contract Models; NFT, Collateral, and Loan are combined to provide new services. This also provides a significant level of performance and safety because it consists of codes that have already met performance and security standards. The technical differences between the Contract Model and the smart contract are as follows. First, performance and security are guaranteed because a Composite Contract Model can be easily structured by configuring a Unit Contract Model that has been verified in advance. In addition, new contracts can be formed by combining these verified models after various Unit Contract Models are developed for each purpose, so that blockchain application functions can be developed comprehensively with GUI tools without complicated programming processes in the future. Furthermore, smart contracts are stored in multiple blocks and executed individually for each project, but contracts with the same function in the Contract Model are called in one unit model without repetition, enabling efficient use of all computing resources. Second, it has excellent performance with the baremetal computing structure that does not use a virtual machine. In general, virtual machines run programs on an emulator by placing another OS on top of the OS, so the performance and processing speed are significantly reduced. On the other hand, since the Contract Model operates directly on the OS, the program structure is simple, and the processing performance of the hardware can be utilized 100%. This enables environmentally friendly network operation while processing more data with fewer resources. Third, it is programming language independent. Most blockchains use individual programming languages, such as Ethereum with Solidity, Solana with Rust and Cardano with Haskell. However, it takes a considerable amount of time for developers to become familiar enough to consider all the security aspects of a particular programming language, so human errors are quite likely to occur in the process when using an unfamiliar language. However, in the Contract Model, only the specification of the Unit Contract Model needs to be applied accordingly, so it can be developed independently without additional learning of a specific development language. In other words, a new Contract Model can be created by developing it in the language the programmer is most familiar with. Therefore, the Contract Model provides more stable and reliable smart contract functions, including all functions supported by smart contracts. The Protocon team has already implemented and tested the majority of the functions using blockchain such as token model, NFT model, data model, and DID model with the methodology of Contract Model, and is currently operating a testnet to conduct verification and improvement work. Protocon is short for Protocol Economy Network, a blockchain project to build Web 3.0 infrastructure technology. The mainnet has been developed since 2019 and is scheduled to officially operate in August this year. The yellowpaper part 1 is the first result of the technological innovation pursued by the Protocon team, and the team will subsequently unveil yellowpaper part 2 related to facthash technology, which dramatically improves cross-chain related performance and safety by improving data verification between heterogeneous networks. For more information about the Protocon project, visit – https://protocon.io/ For more information about the Yellow Paper, visit – https://bit.ly/3uaOgQH Social Links Telegram: https://t.me/Protocon_Official Twitter: https://twitter.com/protoconpen Medium: https://medium.com/protoconpen Youtube: https://www.youtube.com/c/Protocon Media Contact Brand: Protocon Contact: Jake Lee, CMO E-mail: info@protocon.io Website: https://protocon.io/ SOURCE: Protocon The article is provided by a third-party content provider. SEAPRWIRE makes no warranties or representations in connection therewith. 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HONG KONG, Apr 1, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings", together with its subsidiaries, the "Group"; stock code: 1087.HK), a leading integrated smart IT solutions provider in China, announces its audited consolidated results for the year ended 31 December 2021 (the "Year"). During the Year, the Group continued to focus on its core business of the IT infrastructure system integration and the sales of smart office software solutions, with the majority of its revenue generating from the market in the People's Republic of China (the "PRC" or "China"). With operations gradually resuming normal in particular in the first half of the Year while capturing the surging demand in the market, the Group grew its sales considerably. During the Year, the Group's total revenue remained steady with a slight increase of approximately 3.3% to approximately RMB484.6 million (2020: approximately RMB469.1 million). Yet, certain deliveries were deferred due to late deliveries of goods by suppliers and urban lockdowns, which in turn led to a delay in the recognition of revenue, in addition, a sizable government contract was concluded during the Year, resulting in a 340.3% increase in total contracted sales backlog to approximately RMB802.9 million as compared to that of 2020. The Group's gross profit increased by approximately 11.3% to approximately RMB57.1 million (2020: approximately RMB51.3 million), broadly in line with revenue growth. Net loss for the year substantially narrowed to RMB21.0 million from the loss of RMB86.7 million in last year, mainly attributable to the absence of the recognition of an impairment of loan receivables and the impairment of goodwill in relation to the network system integration cash-generating unit for the Year.Mr. Ringo Chan, Chairman and Chief Executive Officer of InvesTech Holdings, said, "Thanks to the favourable national policies, investment in IT-related industries began to soar. Meanwhile, the market for smart office solutions has seen explosive growth as companies have rushed to adapt to restrictions imposed to control the COVID-19 (the "pandemic"). During the Year, leveraging robust demand for IT infrastructure system integration and smart office software solution services in the Chinese market, the Group spared no effort to enhance its business development and achieved business growth."Business ReviewIT Infrastructure System Integration BusinessThe Group continued to expedite the development of its traditional IT infrastructure system integration business, which remained a major source of revenue during the Year. Leveraging its solid foundations in the industry and strong customer relationships, the Group's revenue from the IT infrastructure system integration segment increased by approximately 0.4% to approximately RMB448.6 million for the Year. In addition to strengthening its core competitiveness in the provision of a wide range of products and services through the traditional IT infrastructure system integration business, the Group also joined forces with various tech giants, with the aim of acquiring new clients through strategic alliances to deliver cutting-edge IT infrastructure solutions. Smart Office Software Solutions BusinessAs office closures and work-from-home arrangements were adopted across various industries during the Year, demand surged for the Group's smart office software solutions and property technology ("PropTech") solutions, which operate with Internet of Things (IoT) technology. The number of orders for, and sales of, smart office software solutions increased significantly, delivering revenue growth of approximately 60.7% to approximately RMB36.0 million for the Year. During the Year, the Group also allocated more resources on its research and development team and centre located in Xi'an, the PRC. To further capture market opportunities, the Group will expand the scope of its services and continue to upgrade Virsical, its flagship smart office software solutions product.Contract Awarded to the Group - Hong Kong Smart Library System ProjectIn September 2021, a government contract for the provision of a smart library system for the Hong Kong government's Leisure and Cultural Services Department with contract sum of approximately HK$693.1 million was awarded to an unincorporated joint venture, which was formed by the Group in proportion to the contribution of 70%. The project involves the design, supply, delivery, installation, commissioning, implementation, system support and maintenance of core library systems, alongside the provision of other services. The estimated project duration is from September 2021 to March 2026, with a warranty and maintenance period running until March 2036. The project is set to broaden the Group's revenue stream and expand its business in Hong Kong in coming years.OutlookLooking ahead, the Group will maintain the stable development of its IT infrastructure system integration business, with a focus on expediting the development of its smart office software business. The Group will also foster relationships and alliances with additional large enterprises to reach new customers while continuing its investment in the research and development centre in Xi'an, the PRC, to enhance its capabilities. In Hong Kong, the Group will continue to bid for and acquire public and private projects, and look forward to increased cooperation with government departments in the future.In recent years, a number of technology giants have allocated immense resources to metaverse investments. Also, the pandemic has prompted the development of enterprise metaverse solutions, which deliver advantages such as increased access to talent, enhanced productivity and reduced operating costs. Taking the latest market development into consideration, the Group believes that it has entered the inflection point to the development of the up-and-coming global trend towards virtual experience, powering the enterprise metaverse with its IT infrastructure and software solutions. Currently, the Group offers a "hybrid" smart office solution allowing users to work partly in the physical workplace and partly remotely, permitting enterprises to better tap their true potential, ensuring smooth business operations and management, and fostering their overall productivity and competitiveness. Leveraging the strong capabilities of the Group's internal resources, as well as its formidable experience in IT solutions, the Group aims to further modify and enhance its software products through built-in compatibility with the latest technology, and at the same time collaborate with tech industry leaders with the ultimate goal of providing highly realistic, virtual smart-office solutions that can be used in financial institutions, new economy companies and multinational enterprises.Mr. Chan concluded, "Riding on the favourable backdrop of the industry, coupled with our ample experience in the market, we are cautiously optimistic about the prospects of our principal businesses. We have always actively sought opportunities to build a new business ecosystem and to become a leading integrated smart IT solutions provider. Looking ahead, we will actively identify suitable acquisition and investment targets in the markets to broaden revenue base and diversify business, while progressing enterprise metaverse development and achieving breakthroughs in the industry."About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock code: 1087.HK) was listed on the main board of Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
KUALA LUMPUR, Mar 31, 2022 - (ACN Newswire via SEAPRWire.com) - Amazfit, a premium smart wearable hardware brand owned by Zepp Health Corporation ("Zepp Health"), is going to "Up Your Game" by harnessing the power of technology and science to free more people to live their passions and express their active spirits with its series of smart hardware designed for a healthy and sporting lifestyle.Amazfit Bip U Pro 1Amazfit GTS 2 Mini 2Amazfit T-rex pro 2Powered by the Zepp operating system, Amazfit connects smart devices, big data as well as sports and health management service to provide multiple personalised wearable and user experiences. Its smart devices are catered for daily or outdoor use related to health and sports, including true wireless stereo sports earbuds, smart treadmills, smart body composition scales and sports gear.Jacob Jin, Director of Amazfit Southeast Asia, said, "Amazfit is one of the most preferred brands of young people around the world who pursue an active and positive lifestyle at the cutting edge of fashion and technology. We now have over 100 million active users of our products that include watches, bands, earbuds, fitness gear and other accessories.""We are excited to launch Amazfit special Ramadan deals in April for our smart watches, where AI engines embedded in these smart devices can monitor heartbeat, exercise modes, blood-oxygen saturation levels, sleep status and breathing while sleeping, giving a better insight on how the body performs while active or at rest."Amazfit is offering special Ramadan deals in April for its smart watches that are applicable on these specific dates: 4 April, 5 April, 18 April and 25 April 2022. Purchasers who buy the T-Rex Pro on these dates will get a free Amazfit mask, those who purchase the GTS 3 and GTR 3 series of smart watches will get free hair bands and mask while those purchasing GTR 3 Pro will get free hair band, mask and bottle. Gifts are available while stocks last.The T-Rex Pro is designed for those who pursue an active outdoor lifestyle as it supports four Global Navigation Satellite Systems, 10 ATM water-resistance, a blood-oxygen saturation measurement system, a weather tracker, a sunrise and sunset monitor, a current moon phase display, a compass and barometric altimeter, ultra-long 18-day battery life with typical use, and over 100 different sports modes.Amazfit's other smart watch models include the Bip U Pro catered for those seeking a healthier and more active lifestyle to keep fit or stay in shape. The Bip U Pro come with 50 watch faces to suit mood and outfit or users can upload their photos for a more personalised watch face. Those wanting to stay fashionable and at the same time enjoy sports can go with the GTS 2 mini smart watch with its ultra-slim and light design. It also comes with over 60 built-in sports modes for a complete indoor or outdoor sports experience.To know more of the Ramadan offers, please go to www.amazfit.com/en or to Amazfit's e-commerce partner platforms http://bit.ly/Amazfit-MY-SHOPEE and https://bit.ly/Amazfit-MY-Lazada.Amazfit: www.amazfit.com/en Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
SHANGHAI, Mar 31, 2022 - (ACN Newswire via SEAPRWire.com) - Weimob Inc (2013.HK) released its 2021 financial report earlier this week (3-28), showing that its adjusted total revenue in 2021 reached 2.686 billion yuan, a record high, and its performance increased by 36.4% against the background of overcoming unfavorable factors such as downward pressure on the macro economy. After adjustment, the gross profit of RMB 1.517 billion increased by 51.3% year on year. Among them, the digital business sector achieved revenue of 1.967 billion yuan, an increase of 70.9% compared with 2020. Subscription solutions and merchant solutions in this sector achieved high growth of 90.9% and 47.5% respectively. The "WOS" new business operating system developed by Weimob Inc has been officially put into beta this month, and it may become a powerful engine to drive the future growth of Weimob Inc.High-speed growth of business; SaaS revenue grows against the trendIn 2021, the persistence of the epidemic brought many challenges to consumers and To B enterprises. Weimob Inc focuses on the digital transformation and upgrading of enterprises, continuously strengthens the development of multi-product lines, further promotes the three strategies of "customization, ecology and internationalization", overcomes the adverse effects of external environment, and achieves the contrarian growth of performance. The financial report shows that the digital business income of Weimob Inc in 2021 was 1.967 billion yuan, an increase of 70.9% compared with 1.246 billion yuan in 2020. Among them, the revenue of Weimob Inc subscription solution (SaaS sector) reached 1.188 billion yuan, a substantial increase of 90.9% year-on-year. The number of paying merchants was 102,813, a year-on-year increase of 5.0%. The average income per user increased by 57.7% to 11,553 yuan.At the same time, with the continuous promotion of TSO's full-chain marketing solution, the business solutions in the digital business sector of Weimob Inc have achieved good results. The financial report shows that in 2021, the business solution revenue was 779 million yuan, a year-on-year increase of 47.5%; The gross income of accurate delivery was 10.95 billion yuan, a year-on-year increase of 12.1%. The number of paying merchants increased by 26.7% to 57,909, and the average income per user was 13,454 yuan.The financial report shows that the R&D expenditure of Weimob Inc in 2021 was 775 million yuan. Among them, the total investment of strategic projects such as the new business operating system WOS and the construction and operation of the middle platform reached 682 million yuan. Due to the increased investment in R&D and the merger and acquisition of Xiangxinyun and Haiding in 2021 and previous years, Weimob Inc lost 566 million yuan in adjusted net profit in 2021. However, these investments promote the cost reduction and efficiency increase of Weimob Inc. The financial report shows that the company has abundant cash flow, with cash and cash equivalents of 3.809 billion yuan, and its financial structure is healthy and sustainable.The strategy of customization has achieved fruitful results, and internationalization has steadily advancedThe financial report shows that the reason why Weimob Inc achieved high revenue growth in 2021, benefiting from the core strategy of "customization, ecology and internationalization" of the group. With the support of TSO's full-chain marketing solution and smart retail and other key businesses, Weimob Inc's customization strategy achieved fruitful results. In the smart retail sector, in 2021, Weimob Inc's smart retail revenue was 426 million yuan, 193.6% year-on-year, and its share in subscription solution revenue further increased from 20.2% in 2020 to 36%. At present, the number of smart retailers in Weimob was 6,126, the number of brand merchants was 1,003, and the average order income of brand merchants per user was 234,000 yuan.The Weimob smart catering business also achieved a breakthrough. In 2021, Weimob Smart Catering completed the technical and operation system layout of "three stores integrated and global operation". During the reporting period, Weimob's smart catering revenue was 53.616 million yuan, up 19.6% year-on-year, accounting for 4.5% of subscription solution revenue. There were 8,406 smart catering merchants, and the average order revenue per user of catering merchants was 17,000 yuan. By the end of 2021, Weimob smart catering customers accounted for 41% of China's top 100 restaurants; The revenue from catering orders accounted for 51%.Promoting ecology, WOS New Business Operating System as a new growth engineAs one of its three core strategies, Weimob Inc's ecological strategy has also made remarkable achievements. In terms of developer ecology, in 2021, Weimob Cloud PaaS platform will continue to empower ecological partners, with over 50 new high-quality ecological partners and over 400 new cloud market applications.In order to create a good foundation for smart business, the WOS New Business Operating System was officially put into public beta in March 2022. WOS new commercial operating system integrates SaaS business integration, ecological partnership and PaaS platform infrastructure, and realizes the comprehensive upgrade of product strength, technical strength and ecological strength, demonstrating the technical strength of Weimob Inc. In 2022, Weimob will continue to improve WOS product strength, better serve customers through Weimob cloud empowering eco-partners, and drive the growth of product strength and commercial strength by technology, so as to realize faster product development, better product experience and service, and more ecological applications and services, so as to promote customers' purchase, increase customer renewal fees and increase ecological income. CITIC Securities holds that "WOS" is expected to become the new growth driver of SaaS with the improvement of merchant coverage and the acceleration of commercialization.In terms of investment layout, in 2021, Weimob Inc and Yicun Capital jointly established "Weizhi Digital Industry Fund" and invested in outstanding projects such as Shuyun, Haizhi and Meichuang. In November, 2021, Weimob Inc announced the acquisition of 51.89% equity of Shanghai Xiangxinyun Network Technology Co., Ltd., and incorporated Xiangxinyun into the listed company system, thus deepening the digitalization capability of smart retail shopping guide.Weimob Inc said that in 2022, the company will focus on seven directions: focusing on key customers and continuing to lead; Open and win-win, create ecological barriers; TOS full-link operation, helping customers smart grow; Continue to increase investment in private track and consolidate the leading position in the industry; Cloudy layout drives new growth; "7+X" to create a new growth flywheel; Cross-border development and layout of the global market. Under the background of accelerating the digitalization process of Chinese enterprises, Weimob Inc has made sufficient product reserves, technical reserves, talent reserves and capital reserves, laying a solid foundation for the development in the next five years.Media contact:Micky Sun, Weimob IncEmail: jingyi.sun@weimob.comWebsite: http://www.weimob.comWeimob Inc (2013.HK) is the leading cloud-based commerce and marketing solutions provider for SMBs. For information, visit www.weimob.com. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
ZURICH, SWITZERLAND, Mar 16, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy has won an order from Berliner Verkehrsbetriebe (BVG), Germany's biggest municipal public transportation company, to supply its Grid-eMotion Fleet smart charging infrastructure to help BVG transition to sustainable mobility in Berlin, the country's capital.Hitachi Energy will provide a complete Grid-eMotion Fleet grid-to-plug charging infrastructure solution for the next two bus depots to be converted in the bus electrification program. Hitachi Energy's solution offers the smallest footprint for both the connection, as well as low noise emissions and high reliability - three key requirements for bus depots in a densely populated urban environment, where space is limited and flawless charging is vital to ensure buses run on time.The solution comprises a connection to the distribution grid, power distribution and DC charging infrastructure with charging points and smart charging systems. Hitachi Energy will perform the engineering and integrate, install and service the entire solution. The solution has a compact and robust design that requires less equipment than competing infrastructure, which results in a small footprint, lower operating and maintenance costs, and higher reliability. Typically, Grid-eMotion Fleet requires 60 percent less space and 40 percent less cabling than alternative charging systems; it also provides superior overall system reliability."We are delighted to help the City of Berlin in its transition to quiet and emission-free transportation and a sustainable energy future for the people of this iconic capital," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "We feel the urgency and have the pioneering technology and commitment to advance sustainable mobility, thus improving the quality of life of millions of people."BVG operates Germany's biggest city bus fleet of around 1,500 vehicles, which it aims to make completely electric and emission-free by 2030. This requires the installation of charging infrastructure in its large network of bus depots.About Grid-eMotionGrid-eMotion comprises two unique, innovative solutions - Fleet and Flash. Grid-eMotion Fleet is a grid-code compliant and space-saving grid-to-plug charging solution that can be installed in new and existing bus depots. The charging solution can be scaled flexibly as the fleet gets bigger and greener. It includes a robust and compact grid connection and charging points, and is also available for commercial vehicle fleets, including last-mile delivery and heavy-duty trucks that require high power charging of several megawatts. Grid-eMotion Flash enables operators to flash-charge buses within seconds at passenger stops and fully recharge within minutes at the route terminus, without interrupting the bus schedule.Both solutions are equipped with configurable smart charging digital platforms that can be embedded with larger fleet and energy management systems. Additional offerings from Hitachi Energy for EV charging systems consist of e-mesh energy management and optimization solutions and Lumada APM, EAM and FSM solutions, to help transportation operators make informed decisions that maximize their uptime and improve efficiency.In the past few months alone, Hitachi Energy has won orders from customers and partners all over the world for its smart charging portfolio - a sign that Grid-eMotion is changing the e-mobility landscape for electric buses and commercial vehicles. Grid-eMotion solutions are already operating or under development in Australia, Canada, China, India, the Middle East, the United States and several countries in Europe.About Hitachi Energy Ltd.Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.https://www.hitachienergy.comAbout 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)
TOKYO, Feb 25, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu today announced that it has been selected for the "Green Innovation Fund Project/Construction of Next Generation Digital Infrastructure" project in the field of "Technology Development of the Next Generation Green Data Center" by Japan's New Energy and Industrial Technology Development Organization (NEDO). Fujitsu has been selected along with NEC Corporation, AIO Core Corporation, Kioxia Corporation, Fujitsu Optical Components Co., Ltd. and KYOCERA Corporation.To address the challenge of increasing power consumption at data centers in today's digital society, companies participating in this project will work to develop innovative solutions to realize greater energy efficiency, larger capacity, and lower latency in data centers to contribute to the achievement of a carbon-neutral society. Within this project, Fujitsu will lead the development of low-power consumption CPUs and photonics smart NIC optimized for next-generation green data centers. Additionally, Fujitsu Optical Components will work with Fujitsu to develop photonics smart NIC.Through its contribution to this national initiative, The Fujitsu Group aims to strengthen the development of advanced computing and networks technologies that play a vital role in the digital infrastructure of society and to promote the use of total solutions globally, with the ultimate goal of achieving its commitment to delivering a more sustainable society through innovation.As society makes a digital shift, demand for energy and sustainable solutions mounts facing growing energy demands from the ever-increasing needs of data centers, Japan's NEDO has launched an ambitious initiative that aims to achieve energy savings of 40% or more in datacenters domestically by 2030.Development of low-power consumption CPUs and photonics smart NIC (The Fujitsu Group)1. Low-power consumption CPUsFujitsu designs its own microarchitecture which is a key factor for CPU performance and power efficiency. This technology made it possible for the supercomputer Fugaku to achieve the world's highest levels of performance and energy efficiency. Fujitsu will further refine this technology and develop a low-power consumption CPU that can be used in next-generation green data centers.2. Photonics smart NICFujitsu and Fujitsu Optical Components will develop a photonics smart NIC that reduces network power consumption in data centers by applying optical transmission technology that achieves greater efficiency in size and energy consumption, as well as greater data capacity, and by refining hardware and software technologies cultivated through the development of leading-edge optical transmission devices.Roles and ResponsibilitiesFujitsu Limited - Development of low-power consumption CPUs and photonics smart NIC NEC Corporation - Development of low-power consumption accelerators and disaggregation technologies AIO Core Corporation - Development of photoelectric fusion devices Kioxia Corporation - Development of Wideband SSD Fujitsu Optical Components Co., Ltd. - Development of photonics smart NIC KYOCERA Corporation - Development of photonics smart NICComment from Vivek Mahajan, Corporate Executive Officer, CTO, Fujitsu Ltd.:"We are excited to take on the challenge of developing leading-edge technologies for energy efficient CPUs (code name: "FUJITSU-MONAKA (tentative name)") and photonics smart NIC as part of our work with NEDO. Fujitsu will harness this technology to deliver robust, yet environmentally-sustainable digital infrastructure that takes full advantage of Fujitsu's strengths in areas like computing and network technologies. I am confident that our work on this initiative will help demonstrate Japan's technological capabilities, and show how Fujitsu can lead the way globally in innovation that contributes to the realization of a carbon-neutral and sustainable society."Fujitsu's Commitment to the Sustainable Development Goals (SDGs)The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 represent a set of common goals to be achieved worldwide by 2030. Fujitsu's purpose -- "to make the world more sustainable by building trust in society through innovation"--is a promise to contribute to the vision of a better future empowered by the SDGs.About FujitsuFujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 126,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$34 billion) for the fiscal year ended March 31, 2021. For more information, please see www.fujitsu.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Jan 25, 2022 - (ACN Newswire via SEAPRWire.com) - Huisen Household Intl. (02127.HK) announced that it has entered into a strategic cooperation agreement with Netjoy Holdings Limited (02131.HK). According to the agreement, Huisen Household will appoint Netjoy as a short video online marketing solution provider for the promotion of the Group's smart home products and the provision of big data management and analysis for improving and optimizing the efficiency of marketing and advertising campaign of the Group. In addition, the Group and Netjoy shall jointly cooperate for the development of a cloud-based virtual reality smart home project based on Metaverse, including the development of virtual reality exhibition hall for consumers' interactive experience, live broadcast sales by artificial intelligence ("AI") sales anchor and promotion and sales of the smart home products of the Group through the application of AI technologiesHuisen Household said that it is one of the Group's business strategies to develop smart home products under its own brands. Leveraging on Netjoy's big data analysis and AI capabilities, this strategic cooperation can assist the Group to enhance brand awareness and its smart home products to to-B and to-C markets through different marketing and advertising campaigns and innovative means, which can in turn increase the Group's market shares of the smart home products in China, as well as raising brand awareness and reputation of the Group.The "Metaverse" can be imagined as an extension of the real world, creating virtual scenes and virtual characters in the virtual world by combining virtual reality (VR) and augmented reality (AR). The metaverse concept has developed rapidly since last year. In addition to attracting a series of virtual asset investments, different activities have been successfully launched in different virtual scenes. For example, Ariana Grande, an American singer and Travis Scott, a rapper have successfully held virtual concerts with over a million viewers watched online.As people are moving from the real world to the virtual world, major international brands are also pouring into the "Metaverse" concepts. This phenomenon reflects that the virtual world can help brands to establish close ties with different groups, especially the young generation. As a representative of Internet 3.0, the Metaverse can instantly connect buyers and sellers, merchants, and customers directly. With the improvement of hardware access equipment in the future, the Metaverse will be more widely used, and become a combination of the real world and the virtual world. People will have their own "home" in the virtual world with a variety of smart home products. The market is looking forward to seeing the effects of this strategic cooperation agreement of Huisen Household in the future. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
LONDON, Jan 4, 2022 - (ACN Newswire via SEAPRWire.com) - As Neom Blockchain Technologies, we provide smart solutions for smart cities. We specialize in blockchain, NFT, metaverse, cryptocurrency, smart city blockchain integration and graphene technologies. Inspired by the word Neom, meaning 'New Future', we developed a cryptocurrency called Neom Coin (NEOM), which will be listed on BitMart cryptocurrency exchange on January 6, 2022.We know about smartphones, smart cars, and smart homes. But the tech industry is stepping up its game, so it's time to move to the next round: smart cities and cryptocurrencies for the smart city. Smart cities are cities that work entirely with blockchain technology and artificial intelligence. And when it comes to artificial intelligence and blockchain technology, the sky is not the limit: the possibilities which anyone can imagine are endless.As technology today evolves in literally every second, every tech-savvy knows that traditional practices are coming to an end. That's why many states have started to build their smart cities for the future. These smart cities will not work with ordinary, traditional money and wealth management. For this reason, governments are exploring cryptocurrency options that they can integrate into their smart cities. Given these circumstances, there is a gap in this need, and Neom Blockchain Technologies is ambitious to fill this gap with Neom Coin.Another fascinating thing they do is global money transfer with a 0% fee. They created this with a technology called the graphene blockchain, which is the fastest transaction method globally. Graphene is not just a substance, but it is also the name of a very fast and very functional open-source blockchain network. Graphene is an open-source blockchain technology written mainly in C++. More than 3000 transactions per second can be performed on the graphene network.They offer a great opportunity to Migrant workers and their families, developed in the Graphene Blockchain network, with 0% commission in seconds, to send money to the families and countries of Migrant workers, which is both the most significant hidden power and one of the biggest problems of the global economy. According to a report prepared by the World Bank, the average cost per sending of international money is 8.35%. Again, according to World Bank data, migrant workers sent $650 billion to their families and countries last year and paid $25 billion in transfer fees for these transfers.Sending money internationally through traditional systems such as bank transfers and similar third-party applications stands out as an outdated industry. Due to the high commission rates and the slowness of some transactions such as wire transfers, it needs innovation. Because in systems created with blockchain technologies, transfer costs are almost non-existent, and transactions are very fast. In order to solve this problem of migrant workers, they have been holding talks with relevant international organizations for a long time.Neom Blockchain Technologies can be used to provide access to financial services to billions of people around the world, including people in third world countries who do not have access to traditional banking services. In addition, the Company offers blockchain-based solutions in Cyber security, Creation and Storage of Valuable Documents, Supply chain management (Graphene and RFID Technology), Networking and the Internet of Things, Insurance, and Public Benefit projects.The Company also carried out studies in the Middle East, and plans to provide services in the fields of Blockchain and Graphene technologies to smart cities built or to be built in the Middle East. As a result of planning and negotiations, they already envisage cooperation with several leading smart cities in the Middle East in the first six months of 2022. The Company is in talks of technology transfer regarding Blockchain technologies and Graphene and will announce several projects which are being closely followed.Neom Blockchain Technologies is among the founding stakeholders of MESCP (Middle East Smart Cities Platform), to complete its establishment in the first half of 2022. This announcement has been postponed due to the pandemic, but comprises many Middle Eastern countries and smart cities, various non-governmental organizations and public authorities. This platform will lead the way in developing the technological infrastructure of smart cities, increasing cooperation and supervising the construction process of cities, and providing funds.Neom Blockchain Technologies is working on blockchain-based technological solutions for the metaverse, NFT, RFID, graphene chain network and smart city cryptocurrency provides solutions for governments and companies looking to take their needs to the next level. And it has been working on the design of smart cities in the Metaverse universe. In cooperation with the world's best Metaverse game developers, it will soon implement various Metaverse games and projects specific to the Middle East.On Thursday, January 6, Neom Coin (NEOM) will begin its journey on the BitMart cryptocurrency exchange. People are already excited about it and the future it can create. We invite visitors to Neom Blockchain Technology and Neom Coin by following these links to the official social media accounts:Instagram: www.instagram.com/neomblockchain/Twitter: https://twitter.com/neomblockchainNeom Blockchain: https://neomblocktech.comNeom Coin (NEOM): https://www.neomcoin.ioE-mail: info@neomcoin.ioNeom Blockchain launches Neom Coin (NEOM) Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
London, UK / January 3, 2022 / SEAPRWire / – Neom Blockchain Technologies Company has developed a cryptocurrency called “Neom Coin” which will be listed on the BitMart cryptocurrency exchange on January 6, 2022. The company takes its inspiration from the word “neom,” meaning “new future”. People all know about smartphones, smart cars, and smart homes, but the tech industry is stepping up its game, so it’s time to move on to the next round: smart cities and cryptocurrencies for the smart city. Smart cities are cities that work entirely with blockchain technology and artificial intelligence. When it comes to artificial intelligence and blockchain technology, even the sky is not the limit. It’s a whirlwind of possibilities and what anyone can imagine is endless. As technology evolves in literally seconds in today’s conditions, every tech-savvy knows that traditional practices are coming to an end. That’s why many states have started to build their smart cities for the future. These smart cities will not work with ordinary, traditional money and wealth management. For this reason, governments are exploring cryptocurrency options that they can integrate into their smart cities. Given these circumstances, there is a gap in this need, and Neom Blockchain Technologies is ambitious to fill this gap with Neom Coin. Another fascinating thing they do is global money transfer with a 0% fee. They created this with a technology called the graphene blockchain, which is the fastest transaction method globally. Graphene is not just a substance, but it is also the name of a very fast and very functional open-source blockchain network. Graphene is an open-source blockchain technology written mainly in C++. More than 3000 transactions per second can be performed on the graphene network. They offer a great opportunity to Migrant workers and their families, developed in the Graphene Blockchain network, with 0% commission in seconds, to send money to the families and countries of Migrant workers, which is both the most significant hidden power and one of the biggest problems of the global economy. According to the report prepared by the World Bank, the average cost per sending of international money is 8.35%. Again, according to World Bank data, migrant workers sent $650 billion to their families and countries last year and paid $25 billion in transfer fees for these transfers. Sending money internationally through traditional systems such as bank transfers and similar third-party applications stands out as an outdated industry. Due to the high commission rates and the slowness of some transactions such as wire transfers, it needs innovation. Because in systems created with Blockchain technologies, transfer costs are almost non-existent, and transactions are very fast. In order to solve this problem of migrant workers, they have been holding talks with relevant international organizations for a long time. Neom Blockchain Technologies can be used to provide access to financial services to billions of people around the world, including people in third world countries who do not have access to traditional banking services. In addition, neom blockchain technologies offer blockchain-based solutions in cyber security, Creation and Storage of Valuable Documents, Supply chain management (Graphene and RFID Technology), Networking and the Internet of Things, Insurance, and public benefit projects. Neom Blockchain Technologies, which also carries out studies in the Middle East, plans to provide services in the field of Blockchain and Graphene technologies to smart cities built or to be built in the Middle East. As a result of their planning and negotiations with smart cities, they envisage to cooperate with several leading smart cities in the Middle East in the first six months of 2022. They state that they are in talks about technology transfer related to Blockchain technologies and Graphene and that they will announce to the public the process of some projects that are closely followed by the world. Neom Blockchain Technologies is among the founding stakeholders of MESCP (Middle East Smart Cities Platform), which will complete its establishment in the first half of 2022, but its announcement has been postponed due to the pandemic consist of many Middle Eastern countries and smart cities, various non-governmental organizations and public authorities. This platform will lead the way in developing the technological infrastructure of smart cities, increasing cooperation and supervising the construction process of cities, and providing funds. Neom Blockchain Technologies is working on blockchain-based technological solutions. Blockchain to the metaverse, NFT, RFID, graphene chain network, and smart city cryptocurrency provides solutions for governments and companies looking to take their needs to the next level. On the subject of Metaverse, whose popularity has increased recently, it has been working on the design of smart cities in the Metaverse universe. In cooperation with the world’s best Metaverse game developers, it will soon implement various Metaverse games and projects specific to the Middle East. On January 6, 2022, Neom Coin will begin their journey on the BitMart cryptocurrency exchange, and people are already excited about it and the future it can create. If users would like to check out Neom Blockchain Technology and Neom Coin, here are the links to their official social media accounts: Instagram : https://www.instagram.com/neomblockchain/ Twitter: https://twitter.com/neomblockchain Media Contact Brand: Neom Blockchain Technology Contact: Media Team E-mail: info@neomcoin.io Website: https://neomblocktech.com/ Website: https://www.neomcoin.io/ SOURCE: Neom Blockchain Technology The article is provided by a third-party content provider. SEAPRWire ( www.seaprwire.com ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines & Hong Kong )
TOKYO, Dec 10, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) is pleased to announce that its joint venture with Macnica Inc. (Macnica) will be taking advantage of support from the Japan International Cooperation Agency (JICA) to carry out a proof-of-concept (PoC) autonomous-driving pilot project in Bumi Serpong Damai(BSD) City located in Tangerang, Banten, Indonesia. JICA's support comes via its second plan to assist small and medium enterprises with their efforts to grow, validate and commercialize businesses aimed at helping to achieve the UN's sustainable development goals (SDGs). JICA announced this second round of support in fiscal year 2020. Navya Arma JICA's plan has several aims. Not only does it seek to leverage the advanced technologies, products and ideas of Japan's private sector to help address challenges being faced in developing countries, but it is also designed to promote those enterprises' overseas businesses, and by extension, invigorate the Japanese economy. Having praised MC's ongoing city-management operations in Indonesia, JICA has adopted as part of its support plan our proposed driverless-vehicle mobility service, which aims to further improve BSD City as a smart city in Indonesia. The period of the MC-Macnica consignment contract with JICA will run from December, 10 2021 until September, 29 2023. MC has been promoting its city-management (smart city) operations both in Japan and around the world. They are new businesses and an example of what we intend to build on as next-generation earnings drivers. We are also confident of their potential as a business model that can effectively marry digital data platforms born of digital transformation (DX) with energy transformation (EX) initiatives aimed at decarbonization. One of these businesses is a collaboration with Sinar Mas Land(SML) that is being undertaken to raise the value of municipal infrastructure and services throughout BSD City. Having already entered into a basic agreement, MC and SML, which is one of Indonesia's largest and diversified real estate developers in Indonesia, have now begun working together in the aspect of town management by equipping it with smart / digital city services. This new PoC project through our joint venture with Macnica represents the first offering on the MC-Sinar Mas Land city-services menu. It will endeavor to assess the needs of the region's residents, workers and visitors with respect to driverless mobility services, the aims of which are to make municipal transportation more convenient. It should also validate the region's commercial potential for large-scale mobility services. The pilot project, which will run for one year, will involve the operation of autonomously controlled electric vehicles (EVs) throughout office and commercial-facility areas in the bustling BSD City zone. Residents, workers and visitors alike will be encouraged to actually take rides in the EVs, which will be equipped with Japanese technologies. MC shall continue to work with SML and its other partners, whether they be within or outside the MC family. Through our collaborations, we shall strive to introduce a variety of smart- or digital-city services that are driven primarily by data on basic city infrastructure, as well as renewable energies aimed at carbon neutrality. We hope that these and other efforts like them will help to complete a BSD City as smart city that can serve as a model for future autonomous distributed communities.BSD City, located in Tangerang, Banten, is SML's flagship town development that encompasses a total land area of approximately 6,000 hectares. Developed since the mid-1980s, BSD City is a thriving development area with businesses, schools, shopping malls, hospitals, hotels, and convention centers. This undertaking will enlarge BSD City's existing development footprint and add to its current population of 200,000 residents. BSD City is home to the Apple Developer Academy, co-run by Apple and several local Indonesian universities, as well as international universities such as Monash University from Australia.Mitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
SINGAPORE - After hearing about the launch of a Vaccinated Travel Lane (VTL) scheme between Singapore and the US, Ms Andrea Ko arranged to fly back to the Republic in December. But the Singaporean, who is living in Texas, was dismayed to find out that she still has to serve a stay-home notice (SHN) upon returning as her US vaccination records would not be recognised as official proof by the Singapore authorities. Ms Ko received two doses of Moderna's Covid-19 vaccine in an inoculation drive organised by the Oklahoma State Department of Health, but Singapore does not currently recognise her as vaccinated as Oklahoma is not involved in the Smart Health Card system allowed by the VTL as proof of vaccination. Singaporeans told The Straits Times that the lack of standardisation among vaccination certificate issuers in the United States has continued to be a barrier for those seeking to return here under the VTL scheme. "I am a graduate student in the US and am hard-pressed for time, and I would not be able to return to Singapore if I had to serve my SHN as it wouldn't be worth it," the 22-year-old wrote in an e-mail to her MP, Dr Maliki Osman, and copied to ST. "That one week (of SHN) is precious time (that could be) spent with friends and family - people I hold dear to my heart but have been separated for thousands of miles for way too long a time now." Most of the countries on the VTL scheme have a unified national system for issuing vaccination certificates. But Canada and the US currently do not. Canada is working to develop one, while the US relies on multiple issuers, such as individual state authorities, pharmacies, supermarket chains like Walmart, and various healthcare providers. To ensure the authenticity of the vaccination records, Singapore requires certificates to be issued in the Smart Health Card format by trusted issuers in the US and Canada. These issuers must also be under the CommonTrust Network (CTN) or Vaccination Credential Initiative, or a Canadian province where applicable. But not all issuers in the US and Canada fulfil these requirements. Previously, travellers from the US could rely on a third-party service provider called VaccineCheck, which would independently verify their vaccination records and issue its own CTN-recognised Smart Health Card for a fee. For a time, this was accepted as proof of vaccination for the VTL, and step-by-step guides were put up online in traveller forums and even by Singapore Airlines, so that those with vaccination records that were not recognised could port them over for travel on the VTL. Planning to travel via Vaccinated Travel Lane? Things to note when booking a flight | THE BIG STORY But VaccineCheck was dropped from CTN's list of trusted issuers on Oct 28, which meant its Smart Health Card is no longer recognised by the Civil Aviation Authority of Singapore (CAAS), which handles the VTL scheme. This has left those like Ms Ko and fellow student Natalie Koh in a bind, as they had hoped to rely on VaccineCheck to return home. More on this topic Related Story Some travellers face issues getting VTL pass to enter S'pore due to differences in vaccine certification Related Story 6 things to know for quarantine-free travel under VTL Ms Koh was vaccinated through the University of Illinois in Chicago with two jabs of the Pfizer-BioNTech vaccine, said her father Koh Ching Hong in a Forum letter to ST, which was published on Nov 6. She has documented proof which is accessible through the state’s public health database but does not have a Smart Health Card. “I have e-mailed the Immigration and Checkpoints Authority and the Safe Travel Office, as well as the Ministry of Health and the multi-ministry task force, to explain the situation and provide documents that show the dates, place and type of vaccination,” said Mr Koh Ching Hong. “I received a standard reply both times that said only the Smart Health Card format will be recognised for the VTL scheme.” When contacted, Singapore Airlines said it updated its communications to customers after VaccineCheck was no longer listed as an issuer of Smart Health Cards under the CTN. "Smart Health Cards issued by (VaccineCheck) are no longer recognised as proof of vaccination under Singapore's regulations for designated VTL flights," said its spokesman. "Singapore Airlines has updated our communications to our customers to reflect this change." More on this topic Related Story Demand rises for Covid-19 pre-departure tests as S'pore opens up more VTLs Related Story What travellers can do to speed up immigration clearance at Changi Airport VaccineCheck chief executive Chris Nickerson told ST that it had "made many attempts" to contact CAAS and the Singapore Government on how it could become a recognised issuer of verified vaccination records after its Smart Health Cards stopped being recognised under the VTL scheme. Mr Nickerson said he was told that issuers of Smart Health Cards must be either directly connected to state vaccine registries in the US, or are the ones providing the vaccines, such as pharmacies. This is despite VaccineCheck working with local health departments and public health officials to verify customers' applications with state registry-verified health records, he added. "We have over 2,000 travellers that have signed a petition to allow for additional US-based providers of verified health records for travel back to Singapore," he added. VaccineCheck has posted the petition on its website. For Ms Ko, who said she got "the same stock reply as everyone else" despite an appeal through her MP, the current prospects are to spend a good part of her trip home on SHN, or to forego returning for another half a year. "All my plans are up in the air. The only thing I can do is pray that (the Singapore authorities) will accept my proof of vaccine by the time I (am supposed to) fly in mid-December," she said. ST has contacted the CAAS for comment. More on this topic Related Story What to do in VTL destinations, from Christmas in France to 4am shopping in South Korea Related Stories: Related Story Singapore, Malaysia to start VTLs for quarantine-free air travel from Nov 29 Related Story S'pore eases Covid-19 rules from Nov 10: What you need to know Related Story Increasing ICU beds for Covid-19 patients may lead to poorer care for others Related Story Why do more men die of Covid-19? Related Story China ramps up Covid-19 controls, warns of severe situation as winter sets in Related Story How does Merck's Covid-19 pill compare with Pfizer's? Related Story Oxford scientists find gene that doubles risk of dying from Covid-19 Related Story What you need to know about the new Covid-19 Delta Plus variant AY.4.2 Related Story What scientists know about the risk of breakthrough Covid-19 deaths Related Story What the future holds for the coronavirus and us
















