IGG Inc: Viking Rise and App Business Achieve New Highs in Quarterly Gross Billing ACN Newswire

IGG Inc: Viking Rise and App Business Achieve New Highs in Quarterly Gross Billing

August 29, 2024
2024 Interim Financial Highlights and 2H24 Outlook of IGG Inc:- For the first half of 2024, the Group experienced a 9% year-on-year increase in revenue, reaching a total of HK$2.74 billion. This growth was primarily driven by the steady success of two highly-rated strategy games, “Doomsday: Last Survivors” and “Viking Rise”, as well as the strong performance of the APP Business “Doomsday: Last Survivors” and “Viking Rise” contributed approximately HK$500 million and HK$300 million respectively, while the APP Business generated HK$400 million in revenue for the Group. These contributions highlight the Group’s commitment to diversified growth and underscore the significant role played by these key revenue drivers.- “Lords Mobile”, IGG’s flagship title launched eight years ago, contributed HK$1.34 billion.- Following the Group’s successful turnaround from a loss to an annual net profit of HK$73 million in 2023, the Group experienced a significant increase in net profit, reaching HK$330 million in the first half of 2024. The Group’s core business exceeded HK$350 million in net profit, while the investment business recorded a slight loss of approximately HK$25 million due to fair-value changes of investees.- The Board of Directors declared an interim dividend of HK8.5 cents per ordinary share, representing approximately 30% of the net profit for the first half of 2024. The Group spent nearly HK$33 million on share buybacks in the first half. The dividend declared plus the amount spent to repurchase shares make up about 40% of the Group’s net profit for the first half of 2024.- Entering the second half of 2024, “Viking Rise” and the APP Business are expected to achieve new highs, with monthly gross billing at HK$80 million and HK$120 million respectively for the past two months. With consistent growth of the core game business and APP Business, the Group expects to maintain sustained profitability in the long term.HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - IGG Inc (“IGG” or the “Group”, stock code: 799.HK), a leading global developer and publisher of mobile games and applications, announces its unaudited consolidated interim results for the six months ended 30 June 2024.Having achieved a remarkable turnaround from a loss to a profit in 2023, the Group is now directing its efforts towards “Profit-driven Growth” in 2024. In terms of revenue, the Group experienced a 9% year-on-year increase, reaching HK$2.74 billion in the first half of 2024. This growth was primarily driven by the consistent contributions from the two highly rated strategy games, “Doomsday: Last Survivors” and “Viking Rise”, along with the outstanding performance of the APP Business. “Lords Mobile”, IGG’s flagship title launched eight years ago, contributed HK$1.34 billion in the first half of 2024. During the period, “Doomsday: Last Survivors” and “Viking Rise” generated approximately HK$500 million and HK$300 million, respectively, replacing “Lords Mobile” to become the new growth drivers. Following its restructuring at the beginning of 2024, the APP Business swiftly regained momentum and achieved record-breaking revenue of HK$400 million in the first half of 2024, accounting for 15% of the Group’s total revenue, and establishing itself as a diversified growth catalyst. During the period, revenue from Asia, Europe and North America accounted for 41%, 34% and 21%, respectively, of the Group’s total revenue.With the contribution of the aforementioned businesses, continuous resource optimization, and extensive utilization of AI technology, the Group achieved a net profit of HK$330 million in the first half of 2024. The Group’s core business exceeded HK$350 million in net profit, while the investment business recorded a slight loss of approximately HK$25 million due to fair-value changes of investees. As at 30 June 2024, the Group’s mobile games were available in 23 different languages worldwide, with approximately 1.45 billion gamers in total and 17 million monthly active users (“MAU”) across more than 200 countries and regions.“Viking Rise”, the Group’s first Viking-themed strategy game, received widespread acclaim when it was launched in late 2022. Throughout the first half of 2024, the Group continued to enhance the game’s content, introducing a variety of in-game features including social play, instances, and guild battles. In a marketing campaign, the Group partnered with Hafþor Julius Björnsson, the “World’s Strongest Man” and renowned actor from the classic American TV show, to be the forefront authority for the new Valhalla Drill game mode. Additionally, the collaboration between the game and the popular TV show “Vikings” from MGM Television and its spinoff series “Vikings: Valhalla” was very well received by the game’s 30 million players. With recent marketing initiatives, the game is projected to achieve a new record in August, with monthly gross billing expected to reach HK$80 million.Expanding on the initial version of “Doomsday: Last Survivors”, the group introduced an exciting blend of MOBA (Multiplayer Online Battle Arena) and Battle Royale features to its strategy gameplay. To further enhance the experience, the Group has unveiled “Genesis War”, a thrilling large-scale guild battle that adds a new dimension to the game, propelling the average monthly gross billing to HK$86 million. The Group worked with the renowned fighting game, “THE KING OF FIGHTERS ’97”, and held the first International Offline SLG Championship for “Doomsday: Last Survivors” and “Lords Mobile”. This groundbreaking tournament is a first for the games industry.“Lords Mobile”, IGG’s innovative blockbuster title, is the Group’s first cross-platform, multi-language, real-time game designed for global gamers. Launched in 2016, the game has garnered widespread acclaim from gamers, and is recognized for its longevity[1] and ability to generate stable revenue for the Group. As at 30 June 2024, it has amassed 710 million registered users worldwide and has 9.5 million MAU. The Group unveiled an exciting array of new marketing initiatives, including the much-anticipated “Guild Expedition” feature and collaborations with esteemed partners such as iconic Italian sports car manufacturer “PAGANI”, blockbuster movies like “Shrek” and “Godzilla x Kong: The New Empire”, and the fighting game “THE KING OF FIGHTERS XV”, to offer players a refreshing gaming experience.Following a strategic restructuring in early 2024, the APP Business swiftly regained its stride and achieved remarkable milestones in gross billing and user acquisitions. During the period, the APP Business experienced a surge in monthly gross billing to an impressive HK$100 million, contributing a substantial HK$400 million in revenue for the period, accounting for 15% of the Group’s total revenue. It solidified the APP Business as a pivotal catalyst for diversified growth within the Group. As at 30 June 2024, it has over 41 million MAU. The Group’s commitment to promoting and diversifying its product portfolio, leveraging its platform-based business model, led the APP Business to achieve a monthly gross billing of HK$120 million in July.Through a combination of share repurchases and dividend payouts, the Group consistently returns value to its shareholders. During the period, the Group repurchased close to 10 million shares for a consideration of nearly HK$33 million, representing approximately 10% of interim profit. The Board of Directors declared an interim dividend of HK8.5 cents per ordinary share, representing approximately 30% of interim profit. The dividend declared plus the amount spent to repurchase shares make up about 40% of the Group’s net profit for the first half of 2024.By adhering to its long-term operational strategy, the Group will drive steady growth in both its core game business and the APP Business. Additionally, the Group will continue to adopt Artificial Intelligence Generated Content (“AIGC”) technology to optimize costs and enhance profitability. Increased marketing initiatives for “Viking Rise” and the continued growth of the APP Business are fuelling the Group’s upward trajectory and positioning it for sustained profitability in the long run. Embracing the corporate spirit of “Innovators at Work, Gamers at Heart”, the Group will continue to strengthen its global R&D and operation capabilities, to relentlessly pursue its strategy of quality, innovation, and excellence in creating innovative yet timeless games.[1] APP Business: the Group’s mobile applications[2] Source: Sensor Tower, a third-party analytics platform– END –About IGG IncEstablished in 2006, IGG Inc is a leading global mobile games and applications developer and operator with headquarters in Singapore and local offices in the United States, China, Canada, Japan, South Korea, Thailand, the Philippines, Indonesia, Brazil, Türkiye, Italy and Spain. IGG offers multi-language and multifarious games to users around the world. The Group has established long-term partnerships with over 100 business partners, including global platforms, advertising channels, and vendors such as Apple, Google and Meta. IGG’s most popular games include “Lords Mobile”, “Doomsday: Last Survivors”, “Viking Rise”, “Castle Clash”, and “Time Princess”. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Rusia hadapi “pertempuran sukar” untuk menawan semula kawasan yang dipegang Ukraine, kata ketua perisik AS

August 28, 2024
(SeaPRwire) - akan melancarkan serangan balas untuk cuba merampas kembali wilayah di wilayah Kursk yang dirampas oleh tentera Ukraine, tetapi pasukan Rusia akan menghadapi "pertempuran yang sukar," kata Timbalan Pengarah CIA David Cohen pada hari Rabu.Cohen memberitahu persidangan industri keselamatan negara bahawa kepentingan serangan Ukraine, yang telah merampas kira-kira 300 batu persegi (777 kilometer persegi) wilayah Rusia, masih belum dapat dipastikan.Pasukan Ukraine merempuh sempadan barat Rusia ke wilayah Kursk pada 6 Ogos dalam serangan mengejut yang sedang berterusan.Walaupun Kyiv telah menyatakan bahawa ia tidak berniat untuk mencaplok kawasan yang telah ditawannya, tentera Ukraine sedang membina garisan pertahanan dan kelihatan seperti mereka berniat untuk mengekalkan "sebahagian daripada wilayah itu untuk beberapa waktu," kata Cohen kepada Sidang Kemuncak Perisikan dan Keselamatan Negara."Kita boleh pasti bahawa Putin akan melancarkan serangan balas untuk cuba menuntut semula wilayah itu," kata Cohen. "Saya rasa jangkaan kita ialah ia akan menjadi pertempuran yang sukar untuk Rusia."Putin, katanya, "bukan sahaja terpaksa menghadapi kenyataan bahawa kini terdapat garis depan di dalam wilayah Rusia yang perlu ditangani, dia juga perlu menangani gema dalam masyarakatnya sendiri bahawa mereka telah kehilangan sebahagian daripada wilayah Rusia." di Kursk "mempunyai potensi untuk mengubah dinamik" konflik "sedikit demi sedikit pada masa hadapan," katanya tanpa mengulas lanjut.Ukraine telah mendakwa penawanan 100 penempatan dalam serangannya ke wilayah Kursk Rusia, sementara pasukan Rusia terus maju di wilayah timur Donetsk.Cohen berkata bahawa Rusia telah membuat keuntungan itu "dengan kos yang luar biasa" dalam pasukan dan peralatan dan "mungkin atau mungkin tidak" dapat menawan bandar hab logistik utama Ukraine, Pokrovsk."Tetapi pada akhirnya, tiada satu pun daripadanya adalah pengubah permainan dalam erti kata strategik" bagi Rusia, katanya.Pada hari Selasa, berkata bahawa perang dengan Rusia akhirnya akan berakhir dengan dialog, tetapi Kyiv perlu berada dalam kedudukan yang kuat dan bahawa dia akan membentangkan pelan kepada Presiden Amerika Syarikat Joe Biden dan dua penggantinya yang berpotensi.Putin telah berkata bahawa sebarang perjanjian perlu bermula dengan penerimaan Ukraine terhadap "realiti di lapangan," yang akan meninggalkan Rusia dengan memiliki sebahagian besar daripada empat wilayah Ukraine serta Crimea.Ukraine berkata ia mengawal lebih daripada 1,200 kilometer persegi (463 batu persegi) wilayah Kursk.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Maduro crackdown on political opponents following rigged election: ‘chilled people into silence’

August 28, 2024
(SeaPRwire) - Seorang tokoh utama dalam menyiarkan secara langsung penangkapannya ketika dia dikeluarkan dari rumahnya di Portuguesa di barat laut Venezuela awal bulan ini. Pegawai keselamatan dari Direktorat Umum Kaunter Perisikan Tentera Venezuela memaksa masuk ke rumah María Oropeza tanpa sebab yang munasabah atau waran.Sebelum penguatkuasa Presiden Venezuela Nicolás Maduro merampas telefon bimbitnya dan menamatkan dia berkata dalam siaran langsungnya, "Saya bukan penjenayah. Saya hanyalah seorang warganegara lain yang menginginkan negara yang berbeza." Oropeza tidak dapat dihubungi sejak itu."Ia adalah pengalaman yang sangat mengecewakan bagi kami, kerana kami tidak berkuasa untuk melakukan apa-apa selain menonton," kata Ana Karina Rizo. "Ia sangat tertekan," tambah Rizo, yang merupakan rakan sekerja Oropeza.Beberapa jam sebelum ditahan, Oropeza mengkritik tindakan keras yang meluas dan semakin meningkat yang berlaku di Venezuela sejak sebulan yang lalu. Aktivis dan peguam pembangkang itu merujuk kepada penindasan Presiden Maduro sebagai memburu ahli politik selepas pilihan raya yang sangat dipertikaikan.Pilihan raya Venezuela pada 28 Julai menyaksikan dengan lebih daripada 1 juta undi. Maduro, yang berkuasa sejak 2013, sedang mencari penggal ketiga selama enam tahun. Sementara itu, gabungan pembangkang utama, Vente Venezuela, menuduhnya cuba mencuri undi. Kempen Vente Venezuela telah mengeluarkan rekod yang menunjukkan calon pembangkang Edmundo González menang dengan margin lebih daripada 2 hingga 1. Pemimpin utama pembangkang, González, dan pemimpin pembangkang María Corina Machado telah bersembunyi sejak pengundian.Minggu lepas, pembangkang mengalami satu lagi kemunduran apabila Mahkamah Agung Venezuela yang kontroversi menegaskan semula Maduro sebagai pemenang pilihan raya yang dipertikaikan. Mahkamah yang dipilih sendiri oleh Maduro mengisytiharkan bahawa kiraan undi yang menunjukkan sebarang laporan tentang kekalahannya adalah palsu.Amerika Syarikat, Kesatuan Eropah (EU), dan sekumpulan negara Amerika Latin telah menolak secara mutlak pensijilan mahkamah tinggi Venezuela. Maduro dan kerajaan beliau telah menolak untuk mengeluarkan lembaran kiraan rasmi daripada pilihan raya bulan lepas.Tuntutan kemenangan Maduro telah mencetuskan kemarahan protes di seluruh Venezuela, mendorong rejimnya untuk terlibat dalam gelombang penindasan ganas. Pasukan keselamatan telah menangkap lebih daripada 2,000 penunjuk perasaan, ramai daripada mereka dibawa ke kem penyeksaan. Oropeza adalah salah seorang tahanan tersebut.Aktivisme Oropeza dalam mendapatkan sokongan untuk menjadikannya sasaran penting bagi tindakan keras rejim Maduro terhadap pembangkang. Dua hari selepas penangkapan Oropeza, unit kaunter perisikan tentera Venezuela mengeluarkan video pertama dan satu-satunya beliau. Dalam rakaman itu, wanita berusia 30 tahun itu dilihat dikawal keluar dari pesawat ke belakang van dengan tangannya diikat dengan zip tie.Minggu lepas, peguam Vente Venezuela mengesahkan bahawa Oropeza, penyelaras mereka untuk Negeri Portuguesa, ditahan di pusat tahanan El Helicoide yang terkenal, dituduh menghasut kebencian dan keganasan, kesalahan yang membawa hukuman penjara sehingga 20 hingga 30 tahun.Pusat tahanan El Helicoide Maduro di Caracas menempatkan tahanan biasa dan politik. Ia terkenal sebagai penjara utama Venezuela untuk pembangkang dan kem penyeksaan terburuknya. Tahanan ditahan dalam sel bawah tanah yang sesak dan tidak bersih di mana lipas berkeliaran dan sisa manusia mencemari persekitaran. Tahanan wanita sering menghadapi keganasan seksual. Kebanyakan tahanan, seperti Oropeza, tidak mempunyai wakil undang-undang dan tidak boleh menghubungi peguam.Jabatan Negara AS telah menggesa Maduro "untuk membebaskan mereka yang ditahan kerana menjalankan hak kebebasan bersuara mereka" dan agar "kehendak rakyat Venezuela" "dihormati." Pentadbiran Biden telah menyatakan komitmennya untuk menegakkan hak pengundi Venezuela, tetapi tiada tindakan konkrit untuk membebaskan mereka yang berada di kem penyeksaan telah diambil.Ladies of Liberty Alliance (LOLA), sebuah organisasi wanita libertarian global, telah mengambil tindakan segera sebagai tindak balas kepada penangkapan Oropeza. Awal bulan ini, LOLA telah memfailkan aduan kepada Suruhanjaya Antara Amerika mengenai Hak Asasi Manusia, meminta langkah berjaga-jaga untuk pembebasan Oropeza. Organisasi itu juga berusaha menarik perhatian antarabangsa kepada penderitaannya, menyeru organisasi hak asasi manusia dan masyarakat antarabangsa untuk menekan rejim Maduro.Penahanannya telah menggegarkan penunjuk perasaan. Video penangkapan yang mengerikan, kemudian diedit dan disiarkan semula oleh milisi kaunter perisikan Venezuela dengan muzik yang menakutkan dari filem seram "A Nightmare on Elm Street", telah memaksa ramai bersembunyi.Presiden LOLA Nena Bartlett Whitfield memberitahu Digital bahawa "nafsu ramai aktivis untuk mengambil risiko telah berkurangan. Mereka takut dipenjarakan." Whitfield menambah, "Rejim tidak mahu revolusi ganas, tetapi mereka memang mengganggu pembangkang untuk menghalang perjuangan mereka." Whitfield berkata video penangkapan Oropeza "telah membuat orang diam."Peguam LOLA Ana Karina Rizo menyatakan bahaya yang dihadapi oleh penunjuk perasaan yang kekal di Venezuela, memberitahu Digital, "Kita tahu aktivis seperti María mungkin menjadi sasaran rejim pada bila-bila masa. Itulah risiko yang anda ambil apabila mencabar rejim totaliter." "Dia memilih untuk tinggal di Venezuela, walaupun dia mempunyai peluang untuk berhijrah, kerana dia mahu memperjuangkan kebebasan dan untuk keluarganya," kata teman Oropeza dan rakan sekerja LOLA Agustina Sosa kepada Digital. "Bagaimana kita tidak boleh terus mendesak pembebasannya?"LOLA mengetuai usaha untuk pembebasan Oropeza. Organisasi itu telah mengumpul hampir $4,000 untuk mencapai matlamatnya sebanyak $5,000. Dianggarkan 7.7 juta rakyat Venezuela telah melarikan diri dari negara yang huru-hara itu sejak 2014.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Lebih Banyak Pelanggan Knightscope Menerima Peningkatan kepada Robot Generasi ke-5 kewangan

Lebih Banyak Pelanggan Knightscope Menerima Peningkatan kepada Robot Generasi ke-5

August 28, 2024
(SeaPRwire) - 70% of K5 Operating Fleet has Now Advanced to Latest Release MOUNTAIN VIEW, Calif.- 28 Ogos, 2024-Knightscope, Inc. [Nasdaq:KSCP] (“Knightscope” or the “Company”), sebuah inovator dalam teknologi robotik dan kecerdasan buatan (“AI”) yang fokus pada keselamatan awam, hari ini mengumumkan bahawa empat lagi pelanggan telah dinaik taraf kepada generasi kelima robot keselamatannya (“K5v5”). K5v5 kini mewakili 70% daripada jumlah armada robot keselamatan syarikat yang beroperasi dan menghampirkannya kepada penyelesaian salah satu langkah ke arah keuntungan yang dicadangkan semasa tahunan pertamanya awal tahun ini. ‘Hot-swaps’ mesin bermula selepas pelancaran kejuruteraan K5v5 yang direka semula sepenuhnya. Robot keselamatan yang serba baharu ini lebih cepat untuk dibina, meningkatkan kualiti dan lebih mudah untuk diservis. Apabila digabungkan dengan (“RTX”) yang baru diumumkan oleh Knightscope kepada model perniagaan Mesin-sebagai-Perkhidmatan, syarikat ini dapat meningkatkan penyampaian alat keselamatan awam kepada pelanggannya. Hasilnya, prestasi dan kebolehpercayaan di tapak diperkukuh, yang meningkatkan nilai dan kepuasan pelanggan. DAPATKAN BANTUAN PAKAR Untuk mengetahui lebih lanjut tentang portfolio teknologi keselamatan awam Knightscope, termasuk yang baru diumumkan atau mana-mana Robot Keselamatan Autonomi, Sistem Komunikasi Kecemasan Blue Light atau Perkhidmatan Pengesanan Tembakan Automatik, tempah panggilan penemuan atau demonstrasi hari ini di . Mengenai Knightscope Knightscope membina teknologi canggih untuk meningkatkan keselamatan awam, dan cita-cita jangka panjang kami adalah untuk menjadikan Amerika Syarikat sebagai negara paling selamat di dunia. Ketahui lebih lanjut tentang kami di . Penyataan Berpandu ke Hadapan Siaran akhbar ini mengandungi “penyataan berpandu ke hadapan” dalam erti kata Akta Pembaharuan Litigasi Sekuriti Persendirian tahun 1995. Penyataan berpandu ke hadapan tersebut dapat dikenal pasti dengan penggunaan perkataan seperti “sepatutnya”, “mungkin”, “bermaksud”, “menjangkakan”, “mempercayai”, “menganggarkan”, “meramalkan”, “menjangkakan”, “merancang”, “mencadangkan” dan ungkapan serupa. Penyataan berpandu ke hadapan yang terkandung dalam siaran akhbar ini dan komunikasi lain termasuk, tetapi tidak terhad kepada, pernyataan tentang matlamat, keuntungan, pertumbuhan, prospek, pengurangan perbelanjaan, dan pandangan syarikat. Walaupun Knightscope percaya bahawa jangkaan yang tercermin dalam penyataan berpandu ke hadapan ini berdasarkan andaian yang munasabah, terdapat sejumlah risiko, ketidakpastian dan faktor penting lain yang boleh menyebabkan keputusan sebenar berbeza secara material daripada penyataan berpandu ke hadapan tersebut, termasuk faktor yang dibincangkan di bawah tajuk “Faktor Risiko” dalam Laporan Tahunan Knightscope pada Borang 10-K untuk tahun berakhir 31 Disember 2023, seperti yang dikemas kini oleh pemfailannya yang lain dengan Suruhanjaya Sekuriti dan Bursa. Penyataan berpandu ke hadapan hanya berlaku setakat tarikh dokumen di mana ia terkandung, dan Knightscope tidak bertanggungjawab untuk mengemas kini sebarang penyataan berpandu ke hadapan, kecuali seperti yang mungkin dikehendaki oleh undang-undang. Contacts Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Laporan Pendapatan Nvidia: Apa Yang Diharapkan Dari Raksasa AI kewangan

Laporan Pendapatan Nvidia: Apa Yang Diharapkan Dari Raksasa AI

August 28, 2024
(SeaPRwire) - Nvidia (NASDAQ:NVDA) telah menjadi kuasa dominan dalam sektor kecerdasan buatan (AI), memacu inovasi dan memimpin dalam pembuatan cip AI. Ketika dunia teknologi menantikan laporan pendapatan Nvidia yang terbaru, terdapat antisipasi yang semakin meningkat mengenai apa yang akan didedahkan oleh angka-angka tersebut tentang kejayaan berterusan syarikat dan pasaran AI yang lebih luas. Ledakan AI Menggerakkan Dominasi Pasaran Nvidia Laporan pendapatan Nvidia sangat dinantikan disebabkan peranan penting syarikat dalam revolusi AI. Unit pemprosesan grafik (GPU) Nvidia telah menjadi tulang belakang pembangunan AI, membolehkan segala-galanya daripada algoritma pembelajaran mesin yang canggih kepada alat AI generatif yang canggih. Ini telah meletakkan Nvidia di barisan hadapan industri AI, dengan permodalan pasaran kini melebihi $3 trilion. Dominasi Nvidia bukan sahaja tentang penguasaan pasaran, tetapi juga tentang pengaruh. Cip syarikat adalah penting kepada operasi gergasi teknologi yang melabur dengan banyak dalam AI, menjadikan Nvidia sebagai penunjuk aras kesihatan industri. Laporan pendapatan Nvidia yang akan datang dijangka memberi gambaran tentang betapa menguntungkan ledakan AI ini bagi syarikat tersebut. Penganalisis Meramalkan Keputusan yang Kukuh Penganalisis Wall Street optimistik mengenai prestasi kewangan Nvidia. Laporan pendapatan Nvidia dijangka menunjukkan peningkatan yang besar dalam pendapatan dan pendapatan sesaham (EPS). Khususnya, penganalisis meramalkan pendapatan diselaraskan 65 sen sesaham, lompatan yang ketara berbanding 27 sen yang dilaporkan pada suku yang sama tahun lepas. Pendapatan dijangka melonjak kepada $28.74 bilion, lebih daripada dua kali ganda angka tahun sebelumnya. Pertumbuhan yang mengagumkan ini sangat berbeza dengan S&P 500 yang lebih luas, di mana syarikat-syarikat dijangka mencatatkan peningkatan pendapatan hanya 5% secara purata untuk suku tersebut. Prestasi luar biasa Nvidia menyerlahkan kedudukan uniknya dalam pasaran, didorong oleh permintaan yang tidak terpuaskan untuk teknologi AI. Risiko Euforia Pelabur Walaupun prospek yang positif, terdapat kebimbangan bahawa pasaran mungkin telah menjadi terlalu euforik tentang prospek Nvidia. Saham Nvidia telah melonjak hampir 150% pada separuh pertama tahun ini, membawa kepada penilaian lebih daripada 100 kali ganda pendapatannya dalam 12 bulan yang lalu. Ini jauh lebih tinggi daripada penilaian sejarah saham dan pasaran yang lebih luas. Laporan pendapatan Nvidia boleh menjadi saat penting untuk saham syarikat. Jika hasilnya memenuhi atau melebihi jangkaan, saham tersebut boleh meneruskan trajektori menaiknya. Walau bagaimanapun, apa-apa tanda permintaan AI yang melambat atau hasil yang lebih lemah daripada jangkaan boleh mencetuskan jualan, kerana pelabur menilai semula kemampanan pertumbuhan Nvidia. Permintaan AI Memandu Lonjakan Pendapatan Pertumbuhan Nvidia sebahagian besarnya didorong oleh permintaan yang melonjak untuk produk AI, khususnya yang digunakan dalam pusat data. Dalam tempoh tiga suku yang lalu, pendapatan Nvidia telah meningkat lebih daripada tiga kali ganda, dengan perniagaan pusat data menyumbang sebahagian besar pertumbuhan ini. Laporan pendapatan Nvidia dijangka mengesahkan bahawa trend ini berterusan, mengukuhkan lagi dominasi syarikat dalam ruang AI. Kebangkitan AI generatif—teknologi yang boleh mencipta teks, imej, dan kandungan lain—telah menjadi pendorong utama permintaan untuk cip khusus Nvidia. Syarikat-syarikat di pelbagai industri melabur dengan banyak dalam teknologi ini, semuanya bergantung pada GPU Nvidia untuk kuasa pengiraannya. Legasi Inovasi Nvidia Kejayaan Nvidia dalam AI adalah bab terbaru dalam sejarah inovasi yang panjang. Pengasas dan Ketua Pegawai Eksekutif syarikat, Jensen Huang, telah menjadi pemimpin yang berwawasan, bertaruh awal pada potensi GPU untuk mengubah bukan sahaja permainan tetapi juga seluruh landskap pengkomputeran. Penciptaan GPU oleh Nvidia pada tahun 1999 adalah titik perubahan untuk industri teknologi, dan syarikat tersebut terus menolak batas-batas apa yang mungkin dengan teknologinya. Ketika laporan itu semakin hampir, pelabur dan pemerhati industri akan teruja untuk melihat sama ada syarikat itu boleh terus memberikan hasil yang cemerlang yang telah menjadikannya pemimpin dalam revolusi AI. Taruhannya tinggi, tetapi Nvidia mempunyai rekod terbukti dalam menghadapi cabaran.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Pendapatan Nvidia Boleh Mencetuskan Pergerakan Pasaran Rekod $300 Bilion kewangan

Pendapatan Nvidia Boleh Mencetuskan Pergerakan Pasaran Rekod $300 Bilion

August 28, 2024
(SeaPRwire) - Ketika Nvidia (NASDAQ:NVDA) bersiap untuk mengeluarkan laporan nya, pedagang di pasaran opsyen ekuiti A.S. bersiap untuk pergerakan pasaran yang berpotensi bersejarah. Antisipasi yang mengelilingi prestasi Nvidia sangat ketara, dengan harga opsyen menunjukkan bahawa ayunan lebih daripada $300 bilion dalam kapitalisasi pasaran syarikat boleh berlaku selepas pengumuman. Harapan ini menggariskan pengaruh mendalam Nvidia, pembuat cip kecerdasan buatan terkemuka dunia, terhadap pasaran yang lebih luas, terutamanya memandangkan peranannya dalam lonjakan teknologi yang didorong oleh AI. Impak Pendapatan Nvidia: Antisipasi Ayunan Pasaran Rekod Menurut data dari firma analisis ORATS, pedagang meramalkan pergerakan 9.8% dalam harga saham Nvidia selepas pelepasan pendapatannya. Dengan kapitalisasi pasaran Nvidia sekarang berada di sekitar $3.11 trilion, ayunan seperti itu boleh diterjemahkan kepada pergeseran yang mengejutkan $305 bilion. Ini kemungkinan akan menandakan pergerakan pasaran yang dijangka paling besar berkaitan dengan pendapatan dalam sejarah, mengatasi topi pasaran kebanyakan syarikat S&P 500, termasuk gergasi seperti Netflix (NASDAQ:NFLX) dan Merck (NYSE:MRK). Ketidaktentuan yang dijangkakan ini jauh melebihi pergerakan purata selepas pendapatan sebanyak 8.1% yang dialami Nvidia dalam tiga tahun terakhir. Harapan yang meningkat mencerminkan peranan penting yang dimainkan Nvidia dalam revolusi AI. Cip syarikat dianggap sebagai standard emas untuk aplikasi AI, menjadikan keputusan kewangannya sebagai petunjuk untuk sektor teknologi yang lebih luas. Implikasi Pasaran yang Lebih Luas Daripada Pendapatan Nvidia Pengaruh Nvidia meluas melampaui prestasi sahamnya sendiri. Syarikat itu telah menjadi pendorong utama keuntungan S&P 500 tahun ini, dengan sahamnya meningkat kira-kira 150% setakat tahun, menyumbang kepada kira-kira satu perempat daripada keuntungan 18% indeks dalam tempoh yang sama. "Ia adalah Atlas yang menyokong pasaran," kata Steve Sosnick, ketua strategi di Interactive Brokers, menyoroti peranan penting Nvidia dalam keuntungan keseluruhan S&P 500. Taruhannya tinggi, bukan sahaja untuk Nvidia tetapi untuk keseluruhan pasaran. Pergerakan yang ketara dalam saham Nvidia boleh menetapkan nada untuk saham teknologi dan pasaran yang lebih luas dalam beberapa bulan akan datang. Pedagang khususnya bimbang tentang kehilangan potensi keuntungan, dengan data opsyen dari Susquehanna Financial menunjukkan kebarangkalian 7% bahawa saham Nvidia boleh meningkat lebih daripada 20% menjelang Jumaat. Sebaliknya, hanya ada peluang 4% untuk penurunan bersaiz serupa. Ketidaktentuan dan Ketakutan Memisahkan Diri (FOMO) Sebahagian daripada apa yang mendorong harapan ini ialah sejarah ketidaktentuan Nvidia. Ketidaktentuan sejarah 30 hari purata syarikat tahun ini kira-kira dua kali ganda daripada syarikat trilion dolar lain, menurut analisis data Trade Alert oleh Reuters. Ketidaktentuan ini mencerminkan ketidakpastian dan optimisme berterusan yang mengelilingi AI dan peluang besar yang ditawarkannya. Christopher Jacobson, seorang ahli strategi di Susquehanna Financial Group, menyatakan, "Opsyen hanya mencerminkan bagaimana saham sebenarnya bergerak. Ia adalah fungsi ketidakpastian/optimisme berterusan berkaitan dengan AI dan saiz peluang akhir yang digabungkan dengan NVDA telah menjadi saham yang sangat diikuti di kalangan pelabur institusi dan runcit." Fokus yang kuat pada Nvidia telah menyebabkan apa yang Sosnick gambarkan sebagai "insurans FOMO" di kalangan pedagang— ramai yang membeli opsyen bukan sahaja untuk lindung nilai terhadap potensi kerugian, tetapi untuk mengelakkan daripada kehilangan kemungkinan perhimpunan dalam saham Nvidia. Ketakutan untuk ketinggalan ini menggariskan sentimen yang lebih luas dalam pasaran, di mana optimisme mengenai masa depan AI diredamkan oleh ketidaktentuan yang wujud dalam sektor yang berkembang pesat ini. Kesimpulan: Momen Penting untuk Nvidia dan Pasaran Ketika Nvidia bersiap untuk mengumumkan pendapatannya, pasaran bersiap sedia untuk apa yang boleh menjadi tindak balas yang memecahkan rekod. Sama ada keputusan Nvidia membawa kepada perhimpunan yang signifikan atau penurunan tajam, hasilnya kemungkinan akan mempunyai implikasi yang luas untuk sektor teknologi dan pasaran yang lebih luas. Ayunan pasaran $300 bilion yang dijangkakan mencerminkan bukan sahaja pentingnya prestasi kewangan Nvidia, tetapi juga harapan tinggi yang diletakkan pada syarikat sebagai peneraju dalam revolusi AI. Pelabur dan pedagang sama-sama akan memerhatikan dengan teliti, kerana hasilnya boleh menetapkan pentas untuk bab seterusnya dalam evolusi pasaran.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Eli Lilly Turunkan Harga Zepbound untuk Pesakit Bayar Sendiri kewangan

Eli Lilly Turunkan Harga Zepbound untuk Pesakit Bayar Sendiri

August 28, 2024
(SeaPRwire) - Eli Lilly and Company (NYSE:LLY) telah mengumumkan pengurangan harga yang ketara untuk ubat penurunan berat badan yang popular, , kurang dari setahun selepas dilancarkan di pasaran. Strategi Harga Baharu untuk Zepbound Eli Lilly kini menawarkan dos 2.5mg Zepbound pada $399 sebulan dan 5mg pada $549 sebulan. Ini adalah penurunan yang ketara dari harga senarai awal $1,060 sebulan ketika ubat itu pertama kali diperkenalkan pada Disember tahun lalu. Harga baharu ini juga menawarkan diskaun berbanding harga bersih yang dianggarkan, yang mencerminkan jumlah yang dibayar selepas rebat dari pengurus manfaat farmasi (PBM). Evercore ISI sebelum ini telah menganggarkan harga bersih bulanan untuk Zepbound pada $650. Impak Farmasi Kompaun Pengurangan harga Zepbound ini berlaku di tengah-tengah kekurangan ubat penurunan berat badan GLP-1 yang berterusan, yang telah menyebabkan peningkatan penggunaan farmasi kompaun. Farmasi ini menghasilkan versi alternatif, bukan paten bagi ubat-ubatan tersebut, walaupun tidak disokong oleh Pentadbiran Makanan dan Dadah (FDA). Walaupun FDA telah mengeluarkan ubat-ubatan Lilly dari senarai kekurangannya, yang mengakhiri hak farmasi kompaun untuk menjual versi mereka, alternatif ini masih boleh didapati melalui platform dalam talian dan perkhidmatan teleperubatan. Pengenalan Vial Dosis Tunggal Eli Lilly juga telah mengumumkan bahawa Zepbound kini akan tersedia dalam vial dosis tunggal, menggantikan pen auto-penyuntik yang digunakan sebelum ini. Perubahan ini dijangka menyelaraskan pengeluaran dan meningkatkan akses kepada pesakit yang mencari rawatan penurunan berat badan yang selamat dan berkesan. Landskap Persaingan dan Dinamika Pasaran Strategi penetapan harga baharu syarikat ini akan dapat diakses melalui platform langsung-kepada-pengguna, LillyDirect, yang dilancarkan pada Januari. Langkah ini meletakkan Eli Lilly bersaing dengan Pfizer Inc. (NYSE:PFE), yang baru-baru ini memperkenalkan platform langsung-kepada-pengguna, PfizerForAll. Selain itu, ubat penurunan berat badan Wegovy dari Novo Nordisk (NYSE:NVO) masih lebih mahal dengan harga senarai $1,349 sebulan. Novo Nordisk belum mengumumkan sebarang rancangan untuk melaraskan harganya sebagai tindak balas kepada harga baharu Lilly. Menurut data dari firma analisis GlobalData, Eli Lilly dan Novo Nordisk mendominasi pasaran GLP-1 pada tahun 2023, memegang gabungan 99% bahagian pasaran. Ubat GLP-1, yang telah digunakan untuk diabetes jenis 2 sejak 2005, kini menyaksikan populariti yang belum pernah terjadi sebelumnya untuk penurunan berat badan. Kategori GLP-1 menjana $37.2 bilion pada tahun 2023, dan pasaran dijangka melebihi $150 bilion menjelang tahun 2030.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Bilangan dron tertinggi yang pernah digunakan dalam filem pendek menceritakan kisah Lapangan Terbang Antarabangsa Zayed dalam Paparan Udara yang Menakjubkan kewangan

Bilangan dron tertinggi yang pernah digunakan dalam filem pendek menceritakan kisah Lapangan Terbang Antarabangsa Zayed dalam Paparan Udara yang Menakjubkan

August 28, 2024
(SeaPRwire) - ABU DHABI, UAE, Aug. 26, 2024 — Tradisi dan inovasi, burung pemangsa dan dron bergabung untuk pelancaran sinematik Lapangan Terbang Antarabangsa Zayed, gabungan yang menakjubkan bahan moden, cahaya semula jadi, dan ruang, menambah elemen ikonik baru kepada garisan langit Abu Dhabi. Selama 4,000 tahun, kita telah memanfaatkan penerbangan burung pemangsa untuk mendorong kehidupan dan peradaban. Dengan secara visual menghubungkan kebebasan penerbangan Falcon dengan keindahan pesawat terbang yang paling canggih, filem ini meraikan operasi yang lancar lapangan terbang baru, pengalaman yang mudah, teknologi futuristik dan hubungan dengan alam. Filem ini menunjukkan bagaimana budaya, sejarah dan semangat inovasi yang kaya di Abu Dhabi telah membawa kepada saat ini: pelancaran pengalaman perjalanan yang paling inovatif pada zaman kita. Ia menangkap keindahan padang pasir sambil meraikan inovasi untuk mendedahkan keagungan lapangan terbang, yang dijenamakan semula dengan elemen budaya Emirati dan merangkumi asas yang kukuh warisan Arab yang dipupuk oleh visi bapa pengasas UAE - Sheikh Zayed bin Sultan Al Nahyan. Setelah dibebaskan, falcon agung bermutasi menjadi falcon dron gergasi yang membungkuk, mengepakkan sayapnya dan berbalik ke arah landasan lapangan terbang; ia melingkar di atas dan berubah menjadi A380, sementara keindahan seni bina terminal muncul. Setelah mendarat dan setelah dialu-alukan ke Abu Dhabi, A380 dron bermutasi sekali lagi menjadi sekumpulan dron yang berkelip yang terbang ke langit untuk membentuk logo baru Lapangan Terbang Antarabangsa Zayed, merangkumi elemen budaya Emirati yang kaya, dan asas yang kukuh warisan Arab yang dipupuk oleh visi bapa pengasas UAE, Sheikh Zayed bin Sultan Al Nahyan. Identiti baru ini meraikan warisan Abu Dhabi melalui bentuk dan bentuk yang diilhamkan oleh landskap dan sejarahnya yang asas: sebuah perahu dhow tradisional, pokok kurma, matahari padang pasir, Benteng Qasr Al Hosn dan Bangunan ikonik. Ikon bergabung menjadi logo baru, dengan bangganya menyatakan identiti Abu Dhabi sambil mengajak penumpang untuk menulis kisah mereka sendiri. Elena Sorlini, Pengarah Urusan dan Ketua Pegawai Eksekutif di Abu Dhabi Airports berkata: “Video ini menangkap perasaan kebebasan dan ruang Lapangan Terbang Antarabangsa Zayed; ia adalah medium yang hebat yang memaparkan perpaduan tradisi dan inovasi di terminal baru kami yang menakjubkan. Zayed International direka untuk memberikan pengalaman pengguna terbaik kepada penumpang dan rakan kongsi, dan ia bersedia untuk menangkap permintaan pelancongan yang semakin meningkat untuk Abu Dhabi“. Video – Logo – SOURCE Abu Dhabi AirportsArtikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Hitachi High-Tech and Gencurix entered a partnership in cancer molecular diagnostics business JCN Newswire

Hitachi High-Tech and Gencurix entered a partnership in cancer molecular diagnostics business

August 28, 2024
Hitachi High-Tech Corporation ("Hitachi High-Tech") and Gencurix, Inc. ("Gencurix") have entered a strategic partnership (the Partnership) in the field of cancer molecular diagnostics(1). The Partnership aims to develop a testing service for the cancer molecular diagnostics by combining Hitachi High-Tech's core expertise in R&D and manufacturing of in vitro diagnostic products and digital technology, and Gencurix's technology and experience in biomarker(2) discovery for cancer diagnosis and development of molecular testing service. As a part of the Partnership, both companies concluded a Feasibility Study (FS) agreement to examine the feasibility of the business and completed the checkpoints defined in this FS agreement in June 2024. As the next step, Hitachi High-Tech and Gencurix are planning commercialization of testing services in Japan.In recent years, cancer treatments have begun to offer "personalized medicine," in which genes and proteins are examined in detail for precise diagnosis and treatment selection, and the treatment is tailored to the individual patient. As treatment modalities evolve, doctors and patients are facing with increasing opportunities to choose treatment, and clinical testing is becoming more important in supporting that choice. In the field of cancer diagnosis, where new drugs and treatments are rapidly being developed, there is a need to discover appropriate biomarkers, establish testing methods, and use digital technology to provide reports promptly with high medical value.Under these circumstances, Hitachi High-Tech, strengthening its molecular diagnostics business, and Gencurix, being specialized in biomarker discovery technology, will join forces to develop highly reliable testing services for cancer diagnosis.In April 2024, Hitachi, Ltd.("Hitachi") and Hitachi High-Tech consolidated Hitachi's Healthcare Business Division (radiation therapy, digital healthcare, etc.) to Hitachi High-Tech to promote the healthcare business based on "Diagnosis x Therapy x Digital" and create healthcare innovation. Especially in area of in vitro diagnostics area, we have contributed to improve quality and efficiency of testing with a product lineup that includes in vitro diagnostic equipment that analyzes blood and other specimens to support the diagnosis of diseases, and DNA sequencers. This Partnership is part of Hitachi High Tech's growth strategy of strengthening this molecular diagnostics business. Towards creating "a society without fear of cancer," Hitachi High-Tech aims to contribute to the improvement of people's QoL (Quality of Life) through "personalized medicine" and "sophisticated diagnosis of intractable diseases."Gencurix is a leading life science company established in 2011 in Seoul, Korea, engaged in the discovery of biomarkers for cancer diagnosis, the provision of testing services, and the sale of testing kits. Gencurix provides molecular diagnostic solutions across the cancer care process, from early detection to prognosis, companion diagnostics(3) and recurrence monitoring. Gencurix operates in Korea, Europe, and other countries around the world, and promotes joint development with pharmaceutical companies.Hitachi High-Tech and Gencurix will jointly develop cancer diagnostic tests required in clinical practice to promote personalized medicine in the oncology field and aim to provide highly reliable testing service solutions using digital technology. We will first jointly launch a testing service business in Japan and then in other countries.(1) Molecular diagnostics: Molecular diagnostic involves measuring biomolecules such as DNA, RNA, and protein contained in tissues and blood (body fluids) and provides information necessary for diagnosis or selection of therapeutic drugs to healthcare professionals.(2) Biomarker: A biomarker is a test item or biological substance that is an indicator of the presence or absence of a certain disease, a change in a disease status, or a therapeutic efficacy. Biomarkers are becoming increasingly important and enabling personalized medicine in specific disease areas such as cancer. In addition to being used as indicators to measure therapeutic efficacy, biomarkers are also expected to be used as indicators for disease prevention in the future.(3) Companion diagnostics: In vitro diagnostics to test the indication of a specific drug to improve the efficacy or safety of the drug.About GencurixGencurix is a molecular diagnostics company for cancer that provides digital PCR-based products and testing services based on a liquid biopsy, biomarker discovery and commercialization platform. Under the motto "Best in Class," Gencurix strives to solve clinical unmet needs with new technologies and testing products.Key products include GenesWell BCT, a breast cancer prognostic test, and Droplex's line of companion diagnostics for a wide range of cancers, including lung, colorectal and endometrial cancers. Gencurix has developed early diagnostic tests for major cancers, including liver and colorectal cancer, and is promoting clinical research. As written, Gencurix provides molecular diagnostic solutions across the cancer care process, from early detection to prognosis, companion diagnostics and recurrence monitoring.For further information, visit https://www.gencurix.com/About Hitachi High-TechHitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including manufacture and sales of clinical analyzers, biotechnology products, radiation therapy systems, semiconductor manufacturing equipment, analytical instruments, and analysis equipment. Also, we provide high value-added solutions in industrial fields such as mobility, connected, environment and energy, etc. Through business based on our core Observation, Measurement and Analysis technologies, we will contribute to the realization of a sustainable society by solving social issues.The company's consolidated revenues for FY2023 were approx. JPY 670.4 billion. For further information, visit https://www.hitachi-hightech.com/global/en/Contact:Business Development Dept., Diagnostic System Business Strategy Planning Div.,Diagnostic System Business, Healthcare Business Group,Hitachi High-Tech Corporationwww.hitachi-hightech.com/global/en/contactus/#sec-2 Copyright 2024 JCN Newswire via SeaPRwire.com.
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Sunshine Insurance Announces 2024 Interim Results

August 28, 2024
2024 Interim Results Highlights:- GWPs increased by 12.8% YoY to RMB76.46 billion;- Insurance revenue increased by 4.4% to RMB31.49 billion;- Net profit attributable to equity owners of the parent increased by 8.6% to RMB3.14 billion;- Embedded value was RMB112.64 billion, up 8.2% from the end of last year on a comparable basis;- The annualised comprehensive investment yield was 7.2% and the annualised total investment yield was 3.6%;- As of the end of June 2024, the number of active customers was approximately 30.784 million.HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Sunshine Insurance Group Company Limited (“Sunshine Insurance” or the “Company”, and its subsidiaries collectively the “Group”; Stock code: 6963.HK) announces the unaudited interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2024.In the first half of 2024, China’s national economy operated in overall stability, achieving progress amid stability. New growth drivers accelerated, and high-quality development gained new strides. The insurance industry, as an important part of the economic system, exhibited a positive development trend, with supply and demand driving the continuous growth of market size. As the only listed traditional insurance company among the 205 mainland insurance companies established in this century, the Group seized the opportunities arising from economic improvement and the increasing demand for insurance. The Group promoted steady growth across various businesses, continuously enhanced its value creation capability and maintained a good development momentum. During the Reporting Period, the gross written premiums of the Group were RMB76.46 billion, representing a year-on-year increase of 12.8%, and the insurance revenue reached RMB31.49 billion, representing a year-on-year increase of 4.4%. The net profit attributable to equity owners of the parent was RMB3.14 billion, representing a year-on-year increase of 8.6%. The embedded value of the Group was RMB112.64 billion, up 8.2% from the end of the previous year. The annualised total investment yield of 3.6% and annualised comprehensive investment yield of 7.2%. As of the end of June 2024, the Group’s active customers were 30.784 million.The further consolidation of core business realized the leap in its value creation capabilityIn the first half of 2024, the Group firmly adhered to the path of high-quality development and high-value growth, and continued to promote the “New Sunshine Strategy” with “Technological Sunshine”, “Valuable Sunshine” and “Caring Sunshine” as the core. It created the unique core competitiveness of Sunshine through model innovation. As a result, the operating results achieved steady growth, the value creation capability saw a leap, the core competence of the main business of insurance has been further stabilized and enhanced, and the overall market competitiveness of the Group has been effectively improved.In terms of life insurance business, Sunshine Life kept pursuing value-oriented development, steadily implemented the strategy of “New Sunshine”, thereby continuously consolidating the advantage of diversified channel development and achieving initial efforts in the transformation and development of sales-force. Meanwhile, Sunshine Life strengthened the linkage between assets and liabilities, while it also upgraded and optimized product and service system. The operation showed a positive momentum of “steady improvement” and “improving quality while maintaining stability”. During the Reporting Period, GWPs reached RMB51.76 billion, a year-on-year increase of 12.9%; the value of new business was RMB3.75 billion, a year-on-year increase of 39.9%; the GWPs from the individual insurance channel amounted to RMB13.69 billion, a year-on-year growth of 25.5%, of which, FYRPs amounted to RMB3.58 billion, a year-on-year growth of 18.5%; In terms of worksite marketing, FYRPs increased by 42.7% year-on-year. The synergistic development of multiple channels has resulted in rapid growth in overall value, a steady recovery in effective manpower and a sustained increase in agent productivity.In terms of property and casualty insurance business, Sunshine P&C adhered to the development concept of “seeking progress amidst quality”, and solidly pushed forward the implementation of the “New Sunshine” strategy, and continuously consolidated a solid foundation for high-quality development. During the Reporting Period, Sunshine P&C achieved the stable growth of business, continued to optimized its business structure and maintained a good quality. The original premium income (OPI) was RMB24.65 billion, representing a year-on-year increase of 12.4%; the proportion of non-automobile insurance premiums was 46.1%, representing a year-on-year increase of 4.8 percentage points; the proportion of personal vehicle premiums to the automobile insurance was 62.4%, representing a year-on-year increase of 1.5 percentage points. The underwriting combined ratio was 99.1% and the underwriting profit was RMB0.2 billion.In terms of asset management, the Group upholds the philosophy of long-term value investment, and continuously optimizes the asset-liability management system. By harnessing the full-range investment qualifications and diversified investment capabilities, the Company maintains a clear strategic focus to develop the strategic asset allocation. Furthermore, it keeps enhancing its investment research capacity and carry out tactical asset allocation scientifically and flexibly under the premise of strictly managing investment risks, to create long-term, stable, and sustainable investment performance for insurance funds. During the Reporting Period, the Group’s investment performance remained stable. And achieved total investment income of RMB8.33 billion, reflecting a year-on-year increase of 8.2%, with annualised total investment yield of 3.6% and annualised comprehensive investment yield of 7.2%.The digital transformation continued to be deepened with customer experience and operational efficiency improved consistentlyTechnology is a key force in promoting the development of the financial industry and an important source of power for economic development. During the Reporting Period, in order to improve customer experience, improve operational efficiency and management, the Company made great efforts on “artificial intelligence+”, achieved breakthroughs in AI applications in key areas, and continued to deepen its digital transformation.In terms of sales support, it optimized and upgraded the property and casualty insurance as well as life insurance sales management platform. The property insurance set up a fully online closed-loop process for main non-automobile products from quotes to issuance, improved the digital closed-loop of marketing activities and empowered the per capita productivity improvement and efficiency. The life insurance “Know Your Insurance ” assisted agents in providing customers with coverage planning and product recommendations. In terms of customer service, the Group continuously improved its online customer service platform. The online rate of property insurance value-added service reached 96.3%. The online rate of life insurance preservation services was 96.4%. In terms of management empowerment, the Group built an intelligent risk control system across the Group, improved “non-automobile data mortality table ” system with regard to property and casualty insurance, and improved non-automobile insurance risk pricing capabilities; with regard to the life insurance, the Group created a total of 354 online risk monitoring indicators, which effectively prevented risks.Furthermore, the Group strengthened the availability of AI data and the construction of the Sunshine Zhengyan big model, which has been further applied in customer service, intelligent claims settlement, smart office and other scenarios. Customer service robots provided customers with services such as policy search, automobile insurance claims reporting, and life insurance follow-ups, achieving a customer satisfaction rate of 90.2% on non-human service. The usage rate of the document classification and visual injury identification functions for smart claims in personal injury assessments within property insurance exceeded 80%, with a document classification accuracy rate of 95.6%. The Sunshine Office GPT has been used a total of 1.02 million times, covering 84% of employees.The “Caring Sunshine” strategy further advanced and customer-centric mindset has been effectively implemented“All for customers” is the business value upheld by Sunshine Insurance, and it is also the starting point of creating the “Caring Sunshine” strategy. In order to further promote the “Caring Sunshine” strategy, in the first half of 2024, Sunshine Life continued to promote the “Matrix Plan” with focus on the “three/five/seven ” product system, and to enrich the connotation of the “three/five/seven ” product system, continuously meeting the needs for insurance products in customers’ different life stages. In terms of health protection, the Group launched the exclusive term critical illness insurance for children, the high-end accident medical insurance for children and the maternal and child medical insurance to meet the health protection needs of specific groups of customers’ families and further expand the coverage of customers. In terms of aged care and wealth inheritance, the Group accelerated the layout of participating insurance products to meet customers’ differentiated savings needs. In terms of products supported by national policy, the Group enriched the supply of products such as tax-advantaged health insurance and personal pension, and promoted the policy-oriented commercial insurance to benefit more customers.Furthermore, Sunshine Life continued to strengthen the construction of “Caring Sunshine” service system. The Group improved the service design capability from the customers’ perspective, and met the core service needs of customers. Meanwhile, in terms of service management, the Group continuously improved the efficiency of customer service, for example, promoting the service mechanism of “listening to customers”, expanded and upgraded the “customer experience officer” team, and continuously improved the capability to provide straight-through services to customers.Sunshine P&C continues to deepen the research on customer needs, and is committed to establishing a convenient customer service system and practicing the service motto of “making services the reason for customers to choose Sunshine”. In terms of individual customers, the Group continued to deepen the customer-segmented differentiated business management system and continuously provided customers with a richer differentiated product portfolio and personalized service experience to further enhance customer stickiness. In the first half of 2024, the renewal rate of personal vehicle insurance customers was 64.2%, representing continuous year-on-year increase. The proportion of non-automobile insurance products purchased by individual auto insurance customers reached 55.5%, representing a year-on-year increase of 7.6 percentage points. In terms of group customers, the Group continued to promote the implementation of the “Partnership Action” risk management service. In the first half of 2024, the Group provided technology-based loss mitigation and professional risk consulting services to 8,595 corporate customers and upgraded and created a full-scale risk management service model of “insurance + technology + service” to assist customers in improving their capabilities of risk management.Actively practiced sustainable development and fully supported real economy and green transformationActively pursuing sustainable development and earnestly fulfilling social responsibilities are the core values of an enterprise and the key to its long-term development. In the first half of 2024, the Group took an active part in serving national strategies, continuously enhanced its support for the real economy in quality and efficiency, provided a total of RMB50.4 trillion of risk protection for the real economy, and offered more than RMB420 billion of financial support. Particularly, the Group provided risk protection of nearly RMB220 billion to approximately 18,000 micro and small enterprises; the Group offered agriculture risk protection of RMB35.3 billion, paid out claims of RMB150 million and benefited approximately 44,000 rural households; the Group provided risk protection of RMB60.2 billion for 331 “Belt and Road” projects, involving 67 countries in “Belt and Road” construction; the Group provided risk protection of approximately RMB32.6 billion for 406 sci-tech enterprises.In the meanwhile, the Group was contributing to the green transformation and the realisation of harmonious coexistence, and continued to enrich its green insurance product and service system. In the first half of 2024, the Group provided nearly RMB8 trillion of green insurance protection for 1.22 million enterprises and individuals and offered claims support of approximately RMB2.3 billion. The Group actively responded to climate change to enhance its climate resistance. At the same time, the Group continuously improved its sustainable investment framework and policies. As of the end of June 2024, the balance of sustainable investments nearly reached RMB55 billion, of which green investment exceeded RMB19 billion.In addition, the Group actively fulfilled its social responsibilities and participated in public the welfare. The Group gave full play to the advantages of the main business of insurance and medical resources, and actively organized and participated in various public the welfare activities in the fields of helping the student and helping the elderly. As of the end of June 2024, Sunshine Insurance built 74 “BoAi” schools in 24 provinces across the country and trained a total of 20,397 rural doctors through the “Plan to Promote Competence of 10,000 Rural Doctors”. The Group sincerely cared for employees and their families, with an accumulated amount of RMB540 million parent-supporting subsidies granted to a total of 44,182 employees.With its strong comprehensive strength and positive development momentum, on 16 August, Hang Seng Indexes Company announced its latest quarterly review results, and the Group was successfully included in the HSMSI. This change will be implemented after the market close on 6 September, 2024, and will take effect on 9 September, 2024. According to a research report by CICC, Sunshine Insurance Group is expected to be included in the Hong Kong Stock Connect due to its adherence to high standards and outstanding operating performance.Being included in the HSCI marks a significant milestone. On one hand, it represents market recognition of Sunshine Insurance’s performance and development potential, helping to enhance the Group’s visibility in the capital markets and insurance sector. On the other hand, based on its solid fundamentals, it will attract more investors to increase their allocation to the Group’s stock, thereby improving trading liquidity.In the second half of 2024, China will further deepen the reform through focusing on promoting a Chinese path to modernization and thoroughly explore domestic demand potential. Therefore, the economy is expected to show a sustained recovery and positive trend. In the long run, the general trend of long-term positive development of China’s economy has not changed, and the insurance industry is ushering in historic opportunities for high-quality development and will play an irreplaceable and important role.Looking ahead, the Group will adhere to its founding aspiration of “establishing a respected century-old enterprise” and maintain its focus on core business areas. The Group steadfastly promote the “New Sunshine Strategy”, align with national policy directions and industry development trends, and actively make efforts on the five aspects including scientific and technological finance, green finance, inclusive finance, elderly care finance and digital finance. By precisely serving national strategies, supporting the real economy, and ensuring social the well-being, the Group will efficiently leverage its professional insurance advantages. It will continuously enhance Sunshine’s core competitiveness, advance high-quality development, and achieve high-value growth, injecting wisdom and vitality into the creation of a grand blueprint for a strong financial nation and the high-quality development of the financial industry.— End —About Sunshine Insurance Group Company LimitedSunshine Insurance Group Company Limited is a fast-growing private insurance service group in China. Since its establishment, the Group has prioritized value creation as its core business, dedicated to providing clients with professional risk protection and comprehensive service solutions. The Group carries out life and health insurance business through Sunshine Life, property and casualty insurance business through Sunshine P&C, and manages insurance funds through Sunshine AMC. As of 30 June 2024, the Group has been ranked among the top 500 Chinese enterprises by the China Enterprise Confederation for 13 consecutive years, entitled as one of the “Top 500 Valuable Brands in China” by the World Brand Lab for 13 consecutive years, and is also one of the five insurance companies in China that have been recognized as the well-known trademark in China and selected by Brand Finance as one of “Top 100 Most Valuable Insurance Brands”. Copyright 2024 ACN Newswire via SeaPRwire.com.
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SmartHK Nanjing concludes ACN Newswire

SmartHK Nanjing concludes

August 28, 2024
- Some 40 leaders of business and academia explored Hong Kong-Jiangsu collaboration in finance, I&T, sustainable development, culture and creativity- Exhibition showcased Hong Kong’s professional services, creative designs and I&T projects. Some 400 business matching meetings were facilitated- Some 30 Hong Kong pitched to Jiangsu investors, while 60+ Hong Kong exhibitors highlighted their diversified services and advanced scientific researchHONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Department of Commerce of Jiangsu Province as well as Hong Kong and Macao Affairs Office of Jiangsu Provincial People’s Government, concluded in Nanjing today.Centred around innovative collaboration for high-quality development, some 40 leaders of business and academia explored Hong Kong-Jiangsu collaboration in the areas of financial services, innovation and technology (I&T), sustainable development, culture and creativity.The opening ceremony was officiated by Hong Kong Special Administrative Region (HKSAR) Government Financial Secretary Paul Chan, Jiangsu Provincial People’s Government Vice Governor Fang Wei and HKTDC Chairman Dr Peter K N Lam.In his welcome remarks, Dr Lam said Jiangsu’s development positioning of one centre, one base, one hub and Hong Kong’s eight centres lay the foundation for the two places’ complementary growth. Jiangsu enterprises are encouraged to leverage Hong Kong’s professional services for business transformation and international expansion.“The HKTDC has proactively facilitated business and trade collaboration between Jiangsu and Hong Kong, in particular through the Jiangsu-Hong Kong Cooperation Joint Meeting. We have strengthened trade-related cooperation in the areas of manufacturing and supply chains, modern service industries and two-way investment. Our collaboration has now been extended to the areas of I&T, green development, culture and talent exchange. At this year’s SmartHK, we discussed finance, I&T, sustainable development, culture and creativity to showcase Hong Kong’s strengths. By focusing on I&T project matching, we’ve explored new modes of bilateral collaboration.”Mr Paul Chan said in his opening remarks: “Jiangsu and Hong Kong have a long history of cooperation, given strong bilateral economic and trade ties and frequent cultural exchanges. Many Hong Kong entrepreneurs invest and start businesses in Jiangsu. As of last year, they have invested in more than 35,000 projects. Nearly 2,300 Jiangsu businesses have set up in Hong Kong, while more than 100 Jiangsu companies are listed in our city, with a market value of more than HK$660 billion. The trade volume between Jiangsu and Hong Kong exceeded CNY85 billion in 2023, a nearly 35% increase year-on-year. Over the years, cooperation between Jiangsu and Hong Kong in finance, innovation and technology, education, culture and youth exchange, among others, has continued to deepen.”Mr Fang Wei said: “Technological innovation is key to driving high-quality development. Jiangsu’s market and industrial advantages and Hong Kong’s scientific research and financial advantages can accelerate the pace of innovation across industries and enable China to be self-reliant in the area of science and technology. As super connector, Hong Kong can link Jiangsu with global markets. Leveraging our respective strengths, we look forward to deepening our cooperation in trade and investment, work together to explore Belt and Road markets, among others, and accelerate national development.”Henry Tang, Chairman of The West Kowloon Cultural District Authority Board; Nancy Ip, President of The Hong Kong University of Science and Technology (HKUST); Gilbert Lee, Head of Strategy & Planning and Chief of Staff to the Chief Executive of Hang Seng Bank Limited, Non-executive Director of Hang Seng Bank (China) Limited, and Chairman of Hang Seng Indexes Company Limited; Roger Chen, Managing Director of China of CLP Holdings Limited; and Chen Shu, President of Jiangsu Soho Holdings Group, discussed the roadmap for Hong Kong-Jiangsu development. They shared their insights about the cultural industry, I&T, cross-border green finance, sustainable energy and success stories from previous collaborations between Hong Kong and Jiangsu.The HKTDC joined hands with InvestHK, HKSAR Innovation and Technology Commission, the Federation of Jiangsu Community Organisations, Jiangsu Development and Reform Commission, Jiangsu Provincial Department of Science and Technology, Industry and Information Technology Department of Jiangsu, Department of Ecology and Environment of Jiangsu Province, Jiangsu Provincial Department of Culture and Tourism, Jiangsu Provincial Financial Regulatory Administration, Jiangsu Federation of Industry and Commerce, Jiangsu Youth Federation as well as Jiangsu Sub-council of China Council for the Promotion of International Trade to host four thematic sessions. Industry experts discussed business opportunities in financial services, I&T, sustainable development, culture and creativity.Green development was a key topic for this year’s SmartHK. The “Green and Sustainable Development” thematic session, exclusively sponsored by Hang Seng Bank Limited, SmartHK’s Diamond Sponsor and Cross-Boundary Green Finance Partner, focused on exploring the green and sustainability development needs and cooperation opportunities between Hong Kong and Jiangsu.Ryan Song, Vice-Chairman and Chief Executive of Hang Seng Bank (China) Limited, delivered opening remarks for the session. Dr. Shelley Zhou, Head of Corporate Sustainability of Hang Seng Bank Limited, delivered a keynote speech titled on market trends and international standards of green finance and sustainable development”.Chan Pui-cheong, CEO of the Hong Kong Quality Assurance Agency; Arthur Lam, Co-Founder and CEO of Negawatt Utility Limited; Angus Wong, Managing Director for Wholesale Client Coverage of Hang Seng Bank Limited; Christopher Lau, Executive Director of Gold Peak Technology Group Limited; and Liu Changliang, Director of Sustainability of the Nanjing Iron and Steel Company Limited, discussed other topics including “Green and Development Certification Services and the Importance of ESG Information Disclosure in the International Market”; “Achieving Carbon Neutrality with the Help of Green Technologies”; “Business Expansion with the Help of Sustainable Financing”; “Green Transformation of Hong Kong Manufacturing Industry” and “Jiangsu Enterprises’ Green Finance and Green Businesses’ Needs”. The panel speakers also explored Hong Kong-Jiangsu cooperation opportunities in green finance and sustainable development.Some 30 start-ups from HKUST, The Hong Kong Polytechnic University, The Chinese University of Hong Kong and InnoClub, co-created by the HKTDC and Hang Seng Bank Limited, took part in a Smart+ pitching session to present their latest innovative solutions to Jiangsu investors and partners.To foster collaboration opportunities, a hallmark of HKTDC events, some 400 business matching meetings were facilitated to connect Jiangsu and Hong Kong companies.An exhibition of over 60 enterprises and start-ups showcased Hong Kong’s latest I&T products and services.WebsitesSmartHK: https://smarthk.hktdc.com/Photo download: https://bit.ly/3AER6D5SmartHK was held in Nanjing on 28 August.Jiangsu Provincial People’s Government Vice Governor Fang Wei (front, fourth from the right) and HKTDC Executive Director Margaret Fong (front, fourth from the left) attended the 12th Jiangsu-Hong Kong Cooperation Joint Meeting.Hong Kong SAR Government Financial Secretary Paul Chan (front, sixth from the left), Jiangsu Provincial People’s Government Vice Governor Fang Wei (front, seventh from the left), HKTDC Chairman Dr Peter K N Lam (front, fifth from the left), and HKTDC Executive Director Margaret Fong (front, fourth from the left) attended SmartHK.Hong Kong SAR Government Financial Secretary Paul ChanHKTDC Chairman Dr Peter K N LamJiangsu Provincial People’s Government Vice Governor Fang WeiChairman of The West Kowloon Cultural District Authority Board Henry Tang discussed cooperation opportunities between Jiangsu and Hong Kong in the areas of culture and creativity.(Starting second from left) Nancy Ip, President of The Hong Kong University of Science and Technology; Gilbert Lee, Head of Strategy & Planning and Chief of Staff to the Chief Executive of Hang Seng Bank Limited, Non-executive Director of Hang Seng Bank (China) Limited, and Chairman of Hang Seng Indexes Company Limited; Roger Chen, Managing Director of China of CLP Holdings Limited; and Chen Shu, President of Jiangsu Soho Holdings Group, discussed the roadmap for Hong Kong-Jiangsu development.The Green and Sustainable Development thematic session was exclusively sponsored by Hang Seng Bank Limited, SmartHK’s Diamond Sponsor and Cross-boundary Green Finance Partner, focusing on green and sustainable development needs of and cooperation opportunities between Hong Kong and Jiangsu.Some 30 start-ups from The Hong Kong University of Science and Technology, The Hong Kong Polytechnic University, The Chinese University of Hong Kong and InnoClub, co-created by the HKTDC and Hang Seng Bank Limited, took part in a pitching session to present their latest innovative solutions to Jiangsu investors.Media enquiriesPlease contact:Xinhua Daily (PR agency)Li JiaweiTel: (86) 15995295632Email: 1360342750@qq.comYu YanTel: (86) 13584019845Email: 422791094@qq.comThe HKTDC’s Communications & Public Affairs Department (Headquarters, Hong Kong):Jane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgSam HoTel: (852) 2584 4537Email: sam.sy.ho@hktdc.orgThe HKTDC’s Communications & Public Affairs Department (Shanghai):Sun PingTel: (86) 21-63528488 Email: p.sun@hktdc.orgMedia Room: http://mediaroom.hktdc.comAbout 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. Copyright 2024 ACN Newswire via SeaPRwire.com.
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The 9th Belt and Road Summit returns next month ACN Newswire

The 9th Belt and Road Summit returns next month

August 28, 2024
- The 9th Belt and Road Summit, co-organised by the HKSAR Government and the HKTDC, will return on 11 and 12 September (Wednesday to Thursday)- This year marks the 75th anniversary of the founding of the People’s Republic of China. As part of celebration activities, the Summit is themed Building a Connected, Innovative and Green Belt and Road. It will gather over 80 key officials and business leaders from Belt and Road countries and regions to explore cooperation opportunities- A brand-new Green Chapter is added this year, aligning with the Summit theme to feature a variety of thematic sessions on green development and innovationHONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - The Belt and Road Summit, co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and Hong Kong Trade Development Council (HKTDC), will take place on 11 and 12 September.Themed Building a Connected, Innovative and Green Belt and Road, the Summit will bring together over 80 key officials and business leaders from Belt and Road countries and regions, they will be engaged in discussions on leveraging Hong Kong's unique advantages to jointly explore Belt and Road markets and uncover cooperation opportunities.The Summit is a key platform for Hong Kong to promote the Belt and Road Initiative (BRI), closely aligned with the eight major steps announced by President Xi Jinping last year to support high-quality Belt and Road cooperation.The Opening Session will feature welcome remarks by Dr Peter K N Lam, Chairman of the HKTDC and opening remarks by John Lee, Chief Executive of the HKSAR. Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy of Kazakhstan, will give a keynote address.Algernon Yau, Secretary for Commerce and Economic Development of the HKSAR Government, said: "As our country's Belt and Road Initiative enters its next golden decade and the Third Plenary Session of the 20th Central Committee of the Communist Party of China has proposed improving the mechanism for high-quality Belt and Road cooperation, Hong Kong, with the solid support of the nation, will continue to capitalise on our unique advantages under one country, two systems to play a more active role by leveraging its strengths as a two-way global investment and trade hub, a hub for technological innovation and green development and an international cultural exchange centre. The Belt and Road Summit will deepen international business cooperation and consolidate Hong Kong's position as the preferred business platform for the Belt and Road Initiative, fully demonstrating Hong Kong's important functions and positioning in global finance, business cooperation, people-to-people exchanges, innovation and technology development, guiding enterprises to explore new business opportunities."Dr Peter K N Lam, Chairman of the HKTDC, said: "With the support of its global network of 50 offices, the HKTDC organises business delegations and outreach activities to Belt and Road countries and regions, promoting tripartite cooperation among Mainland Chinese and Hong Kong professional service providers, investors and Belt and Road project owners. The HKTDC also enables businesses to leverage their own strengths to help Hong Kong play the role of superconnector, linking China with the world. We will continue to seize the opportunities at this year's Belt and Road Summit to strengthen connections with ASEAN and Belt and Road countries. We will also set up new consultant offices in Dhaka of Bangladesh and Phnom Penh of Cambodia, further expanding our network along the Belt and Road."Seizing opportunities and deepening networks in emerging marketsThe ASEAN region is Hong Kong's second-largest trading partner and the world's fifth-largest economy. Last year, the bilateral trade value reached US$144.6 billion, accounting for nearly 13% of Hong Kong's total foreign trade. The development potential is enormous. Last month, John Lee, Chief Executive of the HKSAR, led a HKTDC delegation to Laos, Cambodia, and Vietnam, the three ASEAN countries. The visit was highly fruitful, with 55 cooperation MoUs signed, further expanding Hong Kong's network in the region. Seven of these MoUs were signed between the HKTDC and relevant chambers of commerce, governments, and organisations in the three countries, further strengthening Hong Kong's ties with the regions for future Belt and Road development.Following the recent fruitful ASEAN mission to Laos, Cambodia and Vietnam led by Mr Lee, the Summit will focus on ASEAN and emerging markets in the Policy Dialogue and Business Plenary on day one, with the participation of ministerial-level officials and business heavyweights. The second day's Business Plenary will cover the Middle East and adjacent regions.In May this year, a Mainland-Hong Kong business delegation led by the Department of Taiwan, Hong Kong and Macao Affairs of the Ministry of Commerce of the People's Republic of China and the Belt and Road Office of the Commerce and Economic Development Bureau of the HKSAR Government, co-organised by the HKTDC and the China International Contractors Association, visited Hungary and Kazakhstan to explore Belt and Road business opportunities. Senior officials and business leaders from these two countries will attend the Summit, to strengthen their ties with Hong Kong. Among the speakers, Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy of Kazakhstan, will deliver a keynote address, while Peter Fekete, Group CEO of 4iG, will participate in the second day's Business Plenary.Debut Green Chapter to showcase Hong Kong advantages in greentech and financeHong Kong's green finance development has been thriving, with the scale of green financing continuing to expand. In 2023, the total amount of green and sustainable debt issued in Hong Kong surpassed US$50 billion. Among this, the total amount of green and sustainable bonds arranged for issuance in Hong Kong ranked first in the Asian market, accounting for 37% of the total. This has attracted a wealth of green capital and financial products, giving Hong Kong a significant advantage in developing into an international green technology and finance centre. Additionally, the Clean Air Plan for Hong Kong 2035 covered six major areas – green transport, liveable environment, comprehensive emissions reduction, clean energy, scientific management, and regional collaboration – reflecting Hong Kong's determination to proactively address the challenges of climate change.In view of the growing global focus on green development and the tremendous strides Hong Kong continues to make in that regard, the Summit will debut the Green Chapter, featuring thematic sessions on green construction, innovation, finance and more, enabling participants to explore how to leverage the Hong Kong platform to make their business greener. The co-organising institutions include the China International Contractors Association, HSBC and HKMA Infrastructure Financing Facilitation Office.As the BRI continues to drive regional development, the Business Plenary on the first day of the Summit, themed Capturing Belt and Road Business Opportunities, will explore promising prospects from rapidly rising ASEAN, building on concrete achievements in the past years. The focus will be on Hong Kong’s role in facilitating multilateral business cooperation as well as the strategies global enterprises are adopting under the latest global landscape.The session will be moderated by K C Chan, Chairman of WeLab Bank. Speakers will include Clara Chan, CEO of Lee Kee Group; Dato’ Seri Cheah Cheng Hye, Co-Chairman and Co-Chief Investment Officer of Value Partners Group; Ding Yanzhang, Chairman of Power Construction Corporation of China; and Shinta Widjaja Kamdani, CEO of Sintesa Group.The Business Plenary on the second day will be themed Tapping the Markets of New Opportunities. The session will be moderated by Ronnie C. Chan, Honorary Chair of Hang Lung Properties Limited. H.E. Mohamed Abduljabbar Alkoheji, Second Vice Chairman of the Bahrain Chamber of Commerce & Industry; Bonnie Y Chan, CEO of Hong Kong Exchanges and Clearing Limited; Peter Fekete, Group CEO of 4iG; Eric Ip, Group Managing Director of Hutchison Port Holdings Limited; and Iqbal Khan, CEO of Fajr Capital, will explore arising opportunities in the Middle East and other markets along the Belt and Road.This year, the Summit will feature two new thematic sessions: Multi-dimensional Connectivity under the Belt and Road Initiative and People-to-People Exchanges through Business and Cultural Collaboration. In the former session, experts from industries such as shipping, ports, airports, logistics and trade will jointly discuss and delve into the progress and development potential of connectivity among transportation networks. The latter session, co-organised by Standard Chartered Bank (Hong Kong) Limited, aims to explore ways to enhance interconnectivity, mutual understanding and friendly relations among countries within the Belt and Road Initiative through economic and trade cooperation, as well as cultural exchanges.Other thematic breakout sessions include Mainland-Hong Kong Trade In Services Symposium co-organised with the Ministry of Commerce of the People's Republic of China as well as a session on legal cooperation co-organised with the Department of Justice of the HKSAR Government.As part of the Finance Chapter, co-organised with the Insurance Authority, Financial Services Development Council, Bank of China (Hong Kong), HKMA Infrastructure Financing Facilitation Office and Hong Kong Cyberport Management Company Limited, four sessions will analyse opportunities of leveraging Hong Kong's financial services. For the Youth Chapter, young business leaders will share how they seize opportunities under the BRI.Connecting global enterprises to facilitate business matchingThis year’s Summit will continue to offer investment and business matching. Business matching meetings will provide a full range of services in both physical - 11 and 12 September - and online - 16 and 17 September - forms.More than 280 investment projects are expected to me matched, with more than 800 one-to-one project matching meetings taking place. The deal-making service includes one-to-one business matching meetings and project investment sessions. Business matching meetings connect participants based on investment preferences and business expertise to facilitate collaboration opportunities.Project investment sessions enable project owners from different countries to present projects, giving investors and service intermediaries a comprehensive understanding of the investment opportunities in different sectors. Project investment sessions will focus on four main areas: energy, natural resources and public utilities; innovation and technology; urban development; and transport and logistics infrastructure.The Summit’s exhibition area will gather over 100 exhibitors across the Hong Kong Zone, Global Investment Zone and InnoTech Zone. The Hong Kong Zone will showcase the services and business advantages of Hong Kong service providers, while the Global Investment Zone will present large-scale investment projects, cultural and technological developments as well as global investment opportunities. The InnoTech Zone will feature cutting-edge innovations, AI, technologies and solutions from exhibitors around the globe.The 9th Belt and Road SummitDate11 to 12 September 2024VenueHall 5B-E, Hong Kong Convention and Exhibition CentreRemarksVideo and audio recordings at the Forum should be used only in the context of media reportingMedia RegistrationPlease contact awong@yuantung.com.hk or lsong@yuantung.com.hk for media registrationWebsitesBelt and Road Summit: https://www.beltandroadSummit.hk/conference/bnr/enProgramme:https://www.beltandroadsummit.com/conference/bnr/en/programmeSpeaker list: https://www.beltandroadsummit.com/conference/bnr/en/speakerMedia representatives who would like to conduct interviews with the speakers, please submit interview requests to awong@yuantung.com.hk or lsong@yuantung.com.hk by 6 September.Photo download: https://bit.ly/4g2t70HThe 9th Belt and Road Summit will be held on 11-12 September at the Hong Kong Convention and Exhibition Centre. The Summit will bring together over 80 government officials and business leaders from around the world to share their insights and expertiseMedia enquiriesYuan Tung Financial Relations:Anson WongTel: (852) 3428 3413Email: awong@yuantung.com.hkLouise SongTel: (852) 3428 5691Email: lsong@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Clayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgAgnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.comAbout 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. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Transforming CX: Discover What’s Next at the World CX Summit and Awards ACN Newswire

Transforming CX: Discover What’s Next at the World CX Summit and Awards

August 28, 2024
BENGALURU, INDIA, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - As India rises as a leading hub for technological innovation, the 12th Global Edition of the World CX Summit and Awards, hosted by Trescon, will examine the evolving customer experience (CX) landscape. Scheduled for 19 September at JW Marriott Hotel, UB city, Bengaluru, this summit will gather over 200+ top-notch CX Leaders & Marketing enthusiasts will be sharing actionable insights and discuss successful use cases that are shaping the future of CX.In light of the recent technological disruptions, including a significant outage that impacted millions of users, and the challenges faced across different industrial verticals, the importance of resilience, effective crisis management, and clear customer communication has become increasingly evident. The summit will address these issues by offering valuable insights into managing crisis effectively and enhancing customer trust through strategic innovations and best practices.Attendees will participate in high-impact sessions, including keynotes, panel discussions and conference, all aimed at advancing the CX landscape through a blend of emerging customer experience solutions and best practices designed to address current challenges and foster future progress.#WorldCXSummit features a dynamic agenda covering essential topics, from implementing strategic generative AI to integrating data analysis, enhancing human-like interactions through Conversational AI, interpreting customer feedback, and more.Among the notable speakers at the event are:Gurpreet Jolly, Head - Customer Experience and Service Delivery, AJIO (Reliance Retail Ltd.)Shruthi Bopaiah, Executive Vice President & Head - Customer Obsession, Axis BankSatish Patil, Director CX, Samsung ElectronicsVishal Bhatia, Chief Digital Officer, Canara BankDeepak Maloo, AVP, Food Strategy, Customer Experience & Restaurant Experience, SwiggyAvijit Mohapatra, Head of Flipkart Customer Experience Transformation, FlipkartVindhya Shanmugam, Senior Director - CX Growth, MyntraPriya Chakravarthy, Vice President - Experience, BluSmartNikhil Godbole, Group Head of Customer Service, JupiterRahul Poddar, Country Head Martech, Narayana HealthRahul Garg, Head – CX, Games 24x7Deepak Nayak, Sr Vice President – Customer Experience, Gameskraft“Customer experience is no longer just a touchpoint but a strategic pillar that drives competitive advantage. The World CX Summit offers a platform where thought leaders and innovators will gather to discuss and demonstrate how superior customer service can be achieved and sustained,” stated Mithun Shetty, Vice Chairman, Trescon. He further added, “By examining real-world use cases and emerging technologies, we will collectively advance our understanding of how to create memorable and impactful customer experiences that foster long-term loyalty,”Sharing the importance of the summit, Aalok R Pradhan, Head - Customer Delight, CX, COE - Digital & AI at TVS said, “World CX Summit in my opinion is a platform which can be leveraged by major CX professionals. This summit aims at new edge CX practices as well as the best-in-class products for CX professional to assess and up their game.”The event will also showcase the much awaited World CX Awards, spotlighting and celebrating the pioneering achievements of the nation’s foremost CX professionals. This segment will honour outstanding leadership and exceptional contributions across various sectors, marking a prominent celebration for the ‘Top 100 CX Leaders Awards’ and ‘Top Marketing Leaders’. Register to attend and to submit your nominations to celebrate with those setting new benchmarks in customer experience and marketing innovation. Secure your place and contribute to the advancement of CX today!About TresconTrescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients. For more information about Trescon, visit: www.tresconglobal.comFor media inquiries and further information, please contact:Vishal S STeam Leader – Media and CommunicationsTresconEmail: vishals@tresconglobal.comMobile: +91-7358680951 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Nissin Foods Announces 2024 Interim Results ACN Newswire

Nissin Foods Announces 2024 Interim Results

August 28, 2024
HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Nissin Foods Company Limited (“Nissin Foods” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 1475) has announced its interim results today for the year ended 30 June 2024.The Group recorded revenue at HK$1,822.5 million. Gross profit was HK$637.5 million, with gross profit margin increased by 0.9 percentage points to 35.0% in 2024 from 34.1% in 2023. The increase in gross profit margin was mainly attributable to the easing of key raw material costs.Profit attributable to owners of the Company recorded HK$169.5 million, representing the net profit margin from 8.9% to 9.3%. The Group’s basic earnings per share for the reporting period recorded 16.24 HK cents. Adjusted EBITDA increased by 1.5% to HK$300.3 million compared with HK$295.9 million for the corresponding period of 2023, representing an increase of adjusted EBITDA margin to 16.5% from 15.3%. The above increase in adjusted EBITDA indicated an improvement in underlying profitability and operating businesses of the Group.Review & Prospects of Instant Noodles and Non-Noodles BusinessesDuring the reporting period, revenue from the Hong Kong and other Asia operations for the year was HK$705.9 million. The segment results was at HK$36.9 million due to an increase in depreciation expenses for the new automated and labour-saving smart production lines and a decrease in product sales of the non-noodle business. For the Mainland China operations, revenue of HK$1,116.6 million was recorded for the reporting period, and its segment results increased by 8.0% to HK$173.5 million, mainly attributable to the easing of raw material costs and the implementation of cost-efficient marketing activities.The Group adhered to its premiumisation strategy during the reporting period and launched new products to expand its portfolio to drive the growth of its instant noodles business. The Group continued to promote its signature brands “Cup Noodles” and “Demae Iccho” through the provision of exclusive products to certain key accounts and collaboration with Japanese anime such as “BLUE LOCK”. The Group launched various new flavours under the “Nissin Raoh”, “Nissin U.F.O”, “Fuku” and “Doll” brands to further enrich the instant noodle portfolio, and collaborated with a Japanese anime named “Cyberpunk” for a crossover involving Cup Noodles and Nissin U.F.O in Mainland China. In addition, Nissin Vietnam achieved a good performance during the reporting period.The Group has continued to diversify its product portfolio into non-noodle business to enhance the Company’s overall competitiveness. During the reporting period, the Group extended its focus on its premium frozen food products, offering a wider product range of premium products and further expanded its exposure via various sales channels to drive sales volume. The distribution business in Hong Kong continued to record growth as a result of the revival of inbound tourism during the first half of 2024.The Group also continued to expand the sales channels of the “KAGOME” business in different regions. Meanwhile, “Nissin Granola” continued to gain traction with customer’s support due to their advocacy of health and wellness. Also, the Group has enriched the product range by launching new flavours in the low-fat “Nissin Yogurt” series. “Nissin Koikeya Potato Chips” achieved an outstanding performance as the distribution channels continued to expand. “Nissin Crisp Choco”, the baked corn flakes chocolate snack, continued to receive a positive response from the market. The Company’s green juices series successfully attracted the attention of health-conscious customers with vending machines availability further increasing product exposure.Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “The global economic landscape improved in the first half of 2024, but persistent challenges remained and reshaped global supply chains and consumer consumption patterns in the regions that we were operating.”“We believe that premiumisation and diversification strategies are the keys to achieving growth amid a turbulent and volatile market. Our premiumisation strategy is driving momentum in the Vietnam market. Meanwhile in mainland China, more flexibility is needed in arranging promotion campaigns for our premium products in order to reach out to more target consumers, given the uncertain economic situation. To stay agile in different markets, we strived to enhance and refine our product quality, food safety and innovation capabilities for delivering greater taste experiences to consumers.”“Looking ahead, we remain cautiously optimistic about the long-term development of our businesses and continue to control costs and improve operational efficiency. We will pursue further diversification on our non-noodles business, enriching our product lines to broaden the income base, while entering new markets such as Vietnam, Taiwan and Korea. We will continue to build on our solid foundation to deliver continuous revenue and earnings growth for our customers and shareholders.”- End -About Nissin Foods Company LimitedNissin Foods Company Limited ("Nissin Foods”, together with its subsidiaries, the “Group”; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China, with a diversified portfolio of well-known and highly popular brands, primarily focusing on the premium instant noodle segment. The Group officially established its presence in Hong Kong in 1984 and is the largest instant noodle company in Hong Kong. The Group primarily manufactures and sells instant noodles, high-quality frozen food products, including frozen dim sum and frozen noodles, and also sells and distributes other food and beverage products, including retort pouches, snacks, mineral water, sauce and vegetable products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first-and second-tier cities. In addition, Nissin Foods operates business in other Asian regions including Vietnam, Taiwan and Korea markets.Nissin Foods is a constituent of five Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Composite SmallCap Index, Hang Seng Composite Industry Index - Consumer Staples, Hang Seng SCHK Consumption Index and Hang Seng SCHK Consumer Staples Index. Nissin Foods is eligible for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. For more information, please visit www.nissingroup.com.hk. Copyright 2024 ACN Newswire via SeaPRwire.com.
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IBA of San Marino Partners with crwdunit for Advanced Quantum Ledger and Commodity Solutions ACN Newswire

IBA of San Marino Partners with crwdunit for Advanced Quantum Ledger and Commodity Solutions

August 28, 2024
SAN MARINO, ITALY , Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - IBA of San Marino, (https://www.iba.sm) an innovation leader in custodial agency and proof of transit technologies for commodities and a subsidiary of Spectral Capital Corporation (OTCQB:FCCN), today announced a strategic licensing agreement with crwdunit, Inc., a wholly owned subsidiary of CrowdPoint Technologies, Inc. This partnership aims to transform IBA’s approach by creating a quantum bridge from Distributed Ledger Technology (DLT) to traditional commodity custodianship using crwdunit’s cutting-edge quantization technology on a decentralized cloud infrastructure.Revolutionizing Asset Management with Quantum TechnologyIBA will utilize crwdunit’s precise asset valuation technology to enhance its operations, offering unprecedented accuracy and scalability in commodity asset management through the use of Quantum Value Units (QVUs). This integration ensures precise and reliable asset management and valuation during transit.Under this agreement, crwdunit technology will help IBA measure the quantization process when data is placed on a decentralized cloud infrastructure using CrowdPoint’s Distributed and Decentralized Quantum Ledger Database (Vogon Cloud). Vogon Cloud, formerly Node Nexus Network (NNN) which was acquired by Spectral Capital last week, combines quantum computing with a high-performance Zaph virtual machine, offering real-time analytics, secure data storage, and superior scalability.Vladimir Lakin, GM of IBA of San Marino, stated, “Our collaboration with crwdunit marks a significant advancement in our use of decentralized technologies and commodity custodianship services. The real-time quantization capabilities will redefine our asset valuation processes, enhancing transparency and security of traditional DLTs.”Nadab U. Akhtar, Co-Founder, President, and COO of CrowdPoint Technologies, added, “This partnership highlights the impact and versatility of our ecosystem in transforming traditional asset management and DLT with cutting-edge quantum technologies.”About IBA of San MarinoIBA of San Marino, a subsidiary of Spectral Capital Corporation (OTCQB:FCCN), specializes in creating custodianship, immutability, transparency, and a quantum bridge to DLT. Focused on leveraging innovation to deliver high-quality custodianship, IBA helps commodity owners worldwide quantize their contribution to a multi-billion-dollar daily commodity-in-transit market, accelerating its annual growth rate and contributing to positive economic impact in developing nations by creating a new kind of financial alpha.About crwdunit, Inc.A wholly owned subsidiary of CrowdPoint Technologies, Inc., crwdunit develops advanced data architecture and quantization solutions for decentralized systems and asset management, driving growth and operational excellence.About Crowdpoint Technologies inc.CrowdPoint is a pioneer in quantum cloud technology, developing Vogon™, a Distributed and Decentralized Quantum Ledger Database (D2/QLDB™). CrowdPoint’s solutions enhance real-time intelligence, data optimization, and edge-computing, benefiting sectors such as energy management and e-commerce.About Spectral Capital CorporationAbout Spectral Capital Corporation: Founded in 2000 and based in Seattle, Washington, Spectral Capital (OTCQB:FCCN) is a technology startup accelerator and quantum incubator. We specialize in Quantum as a Service (QaaS), leveraging our proprietary Distributed Quantum Ledger Database technology (DQ-LDB) to offer secure, advanced storage and computing solutions.Forward Looking StatementsThis press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and FCCN's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although FCCN believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of FCCN. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in FCCN's business; competitive factors in the market(s) in which FCCN operates; risks associated with operations outside the United States; and other factors listed from time to time in FCCN's filings with the Securities and Exchange Commission. FCCN expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in FCCN's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.SOURCE: Spectral Capital CorporationFor Media Inquiries:Andrew BardRubenstein Public Relationsabard@rubensteinpr.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Solar District Cooling Group Berhad Aims to Raise RM45.09 Million from ACE Market IPO ACN Newswire

Solar District Cooling Group Berhad Aims to Raise RM45.09 Million from ACE Market IPO

August 28, 2024
KUALA LUMPUR, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Solar District Cooling Group Berhad ("SDCG") is pleased to announce the launch of its prospectus for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). The IPO represents a significant milestone in the company’s growth trajectory, allowing SDCG to expand its operations and strengthen its market position in building management system (“BMS”) and solar thermal systems and energy saving services.Mr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.Mr. Edison Kong, Managing Director, Solar District Cooling Group BerhadMdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad[L-R]SDCG and its subsidiaries (“Group”) are principally involved in the provision and maintenance of BMS, solar thermal systems and energy saving services. The Group has a proven track record of enhancing energy efficiency across healthcare, hospitality and industrial sectors. SDCG Group is involved in providing energy performance services to the concession companies that are providing hospital support services for public hospitals. The concessionaires engaged SDCG Group as a subcontractor to carry out energy efficiency work related to the installation of hybrid solar thermal hot water systems, and for some contracts, retrofitting of fluorescent lighting of LED lighting.Mr. Wong Kei Fai, Independent Non-Executive Director, Solar District Cooling Group BerhadMs. Wong Poh May, Independent Non-Executive Director, Solar District Cooling Group BerhadMr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.Mr. Edison Kong, Managing Director, Solar District Cooling Group BerhadMdm. Eileen Liuk, Executive Director, Solar District Cooling Group BerhadIr. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, Solar District Cooling Group BerhadYM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, Solar District Cooling Group BerhadFollowing the IPO exercise, SDCG is expected to raise RM45.09 million via the issuance of 118.67 million shares at the issue price of RM0.38 per share. The proceeds will be allocated in the following manner:RM1.90 million for the expansion of headquarters in Kajang, Selangor; RM5.00 million for tender bonds and/or performance bonds for future projects;RM18.70 million for the purchase of materials for BMS segment, and solar thermal systems and energy-saving services segment;RM12.67 million for general working capital; RM2.52 million for capital expenditure, including new equipment for BMS, installation and maintenance of solar thermal hot water systems, and purchasing ICT software and services; andRM4.30 million for estimated listing expenses.Applications for the IPO will open at 10:00 a.m. today, following the prospectus launch, and will close on 6 September 2024. SDCG is scheduled to list on the ACE Market on 19 September 2024. At the IPO price of RM0.38 per share, the market capitalisation of the company upon listing will be RM161.05 million.Managing Director of SDCG, Mr. Edison Kong commented, "This IPO represents a significant milestone in Solar District Cooling Group Berhad’s journey. Since 2008, we have been driven by a commitment to innovation, efficiency, and sustainability. Our focus on delivering Building Management Systems and solar thermal technologies has helped us enhance energy efficiency and promote environmental stewardship. With this listing, we look forward to embracing new opportunities and setting new standards in our business. I am deeply grateful to our team, clients, and partners for their continued trust and support.”Head of Capital Markets of Mercury Securities Sdn Bhd, Mr. Chris Lai Ther Wei stated, “We would like to congratulate the Board and the entire team of Solar District Cooling Group Berhad on the successful launch of your IPO prospectus. Well done for reaching another milestone in your corporate journey.”Mercury Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for SDCG. Copyright 2024 ACN Newswire via SeaPRwire.com.
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HKIoD Recommends Board Readiness Training for First-time Directors Before Appointment ACN Newswire

HKIoD Recommends Board Readiness Training for First-time Directors Before Appointment

August 28, 2024
HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Institute of Directors (“HKIoD”) welcomes(1) The Hong Kong Exchanges and Clearing Limited ("the Exchange")'s proposal to mandate directorship training for first-time directors and require all directors to undergo continuing professional development (“CPD”) training. To further uphold corporate governance standards and director professionalism, HKIoD thinks the Exchange can go further.Dr Christopher To, Chairman of HKIoD, said, “HKIoD welcomes the Exchange’s latest regular exercise to review and update the Corporate Governance Code and related Listing Rules. Although we do not agree with every element of the Exchange’s proposals, we certainly support the notion of making continuing professional development mandatory for all directors.”According to HKIoD, to make true the purpose and effect of continuing training, a board should have a suitable professional development policy for its directors. Continuing training is important for directors to keep up, but it must be distinguished from initial training. For those who do not have directorship training nor experience whatsoever, undergoing initial training on effective directorship and corporate governance is prudent. First-time directorship training should be a prerequisite prior to the director coming on board, however. “The Exchange should go further by encouraging individuals to have become ready for a board seat prior to appointment, rather than to start acquainting themselves with the demands of directorship post-appointment.” Dr To commented.Dr Carlye Tsui, CEO of HKIoD, supplemented, “We believe all company directors, when they first assume their posts, should have a firm grounding of the skills, knowledge and qualities required to meet the corporate governance demands of today. HKIoD long advocates the importance of corporate governance training, and we want to emphasise that proper initial training for first-time directors is one key aspect of the total quality of corporate governance training.”The Institute believes that attaining HKIoD Diploma level credential (or higher) should qualify as initial training now proposed for First-time Directors by the Exchange. The Institute also recommends transition course(s) for credentialed/experienced directors from other markets to help them become familiar with the Hong Kong market. HKIoD will gladly work with the Exchange to design and offer such programmes, and an accreditation regime for directorship training in Hong Kong.On proposals around time commitment and tenure of Independent Non-Executive Director (“INED”), Mr Henry Lai, Past Chairman of HKIoD and current Chairman of the Institute’s Corporate Governance Policies Committee, said, “The emphasis should be on whether the INED and the issuers involved have made an honest assessment as to the ability to devote sufficient time, not a broad-brush requirement on the director to limit the number of INED positions one may hold. Particularly, we do not agree with the Exchange’s proposal which only seeks to limit INED positions one may hold among Hong Kong issuers.” As to the question of how long is too long for an INED, Mr Lai added, “the answer ought to be ‘it depends’. It is the independence of mind that matters, not tenure.”The Exchange would also want issuers without an independent board chair to designate a Lead INED. Due to the many constraints and practical realities now exist in the Hong Kong market, HKIoD believes there are alternatives that can be more effective. “We do not tend to have majority INED in our market. The Lead INED will be chosen from a small group anyway. We should rather empower and encourage all INEDs to collectively perform, to bring the results that are sought under the Lead INED concept. Meetings with shareholders and stakeholders can be set up for all INEDs to take part. There can be an INED report section in the annual report,” Mr Lai commented. “Maybe we should encourage more issuers to have an independent board chair. An independent board chair working together with all the other INEDs can be more helpful,” Mr Lai continued.HKIoD has early on advocated the benefit of moving towards a majority INED, which can make INEDs collectively better able to perform their director roles. With INEDs comprising the majority, their active involvement in board matters becomes more necessary and their time commitment more valued. It should also allow much more room for meaningful rotation and refreshment through careful succession planning.Apart from the above, the Institute expressed support for many changes proposed by the Exchange including mandating board performance review, maintaining a board skills matrix, mandating the annual reviews of the effectiveness of the issuer’s risk management and internal control systems, disclosure of the issuer’s policy on payment of dividends and the board’s dividend decisions, and disclosures in respect of issuers’ modified auditors’ opinion. (1)The full response: HKIoD Response to HKEX ConsultationAbout The Hong Kong Institute of Directors (“HKIoD”)The Hong Kong Institute of Directors (“HKIoD”) is Hong Kong’s premier body representing directors working together to advance corporate sustainability in creating long-term value for companies, their owners, stakeholders, humankind and Planet Earth through advocacy and standards-setting in corporate governance and director professionalism. Led by Founder Chairman Dr The Hon Moses Cheng, HKIoD was founded in 1997. Throughout the years, HKIoD is honoured to have the Chief Executive of HKSAR as the Institute’s Patron. Membership of HKIoD comprises of directors from diverse industries and corporate types and includes Executive Directors, Non-Executive Directors and Independent Non-Executive Directors. With multi-culturalism and international perspectives, HKIoD organises activities that cover director training, seminars and forums, collective director voice, guideline establishment, public education, Award Series for Director Excellence, assessment of Corporate Governance Scorecard for listed companies etc. As a member body of the Global Network of Director Institutes (“GNDI”), HKIoD is committed to global collaboration in promoting good corporate governance and director professionalism. HKIoD is the appointed Host of the Hong Kong Chapter of Climate Governance Initiative, a global network that collaborates with the World Economic Forum in actively promoting directors’ address of the risks and opportunities of climate change.For details please visit: http://www.hkiod.com | http://www.gndi.org | https://climate-governance.org/Media Enquiries: Strategic Public Relations GroupBrenda Chan+852 2114 4396 / brenda.chan@sprg.com.hkThe Hong Kong Institute of DirectorsWing Wong+852 2889 1414 / wing.wong@hkiod.com– End – Copyright 2024 ACN Newswire via SeaPRwire.com.
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TRST01 Signs Landmark Memorandum of Understanding Agreement with Rubber Board of India for Centralised Compliance Solution for EUDR ACN Newswire

TRST01 Signs Landmark Memorandum of Understanding Agreement with Rubber Board of India for Centralised Compliance Solution for EUDR

August 28, 2024
SINGAPORE, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - TRST01, a sustainable tech company that helps businesses meet global sustainability rules while making their supply chains more transparent, trustworthy, and ethical, announces a groundbreaking Memorandum of Understanding (MoU) agreement with the Rubber Board of India to develop and implement a centralised compliance solution for the European Union Deforestation Regulation (EUDR). Through this strategic partnership, TRST01 becomes the first private entity in the world to enter into an MoU with a public entity for a one-stop compliance solution, setting a new standard in public-private partnerships.The MoU underscores the trust and confidence that the Rubber Board of India has in TRST01 as a key player in the sustainable technology space. While other entites have entered into contract-based agreements, this MoU represents a deeper, more integrated collaboration that is poised to revolutionise compliance processes for the Indian rubber industry.TRST01 and the Rubber Board of India will collaborate on geo-mapping rubber-growing land plots to ensure deforestation-free sourcing and responsible practices. This partnership will also develop a Centralized Database to enhance traceability, risk assessment, and compliance with European Union Deforestation Regulations (EUDR) in the rubber industry, with TRST01 as the technology partner. Ultimately, the MoU will help strengthen India's regulatory framework and position India as a global leader in sustainable rubber production.Speaking on the strategic agreement with TRST01, Mr. M. Vasanthagesan IRS, CEO and Executive Director of The Rubber Board, said, "This collaboration with TRST01 is a testament to our dedication to supporting the rubber sector. The initiatives outlined in this MoU will facilitate the exporters to comply with EUDR and make Indian rubber growers globally competitive and get wider opportunities for their produce.""This joint venture is a testament to our commitment to driving sustainability and compliance in the rubber industry," remarked Prabir Mishra, CEO and founder of TRST01. "It is a great honour to partner with the Rubber Board of India as this initiative can serve as a model for other industries and regions.For TRST01, the MoU will demonstrate how public-private partnerships can drive innovation in sustainability. The collaboration represents a shared vision for a sustainable future. It will significantly benefit Indian rubber producers, highlighting how TRST01 can help producers achieve global compliance standards in sustainability.About TRST01TRST01 provides cutting-edge technology solutions that ensure supply chain traceability, accurate ESG reporting, digital measurement of sustainability impacts, and the secure management of carbon credits. TRST01 stands out for its simplicity, adaptability, and focus on creating tangible impacts on sustainability, making it accessible and effective for many users, from smallholder farmers to multinational corporations. It is also at the forefront of the regenerative finance movement, creating financial tools that promote practices that restore rather than deplete the earth's resources.TRST01's approach fundamentally transforms how businesses view sustainability by creating a direct and tangible impact on People, Planet, and Profitability. Our innovations are not just about compliance; they make a sustainable ecosystem where every participant benefits. Visit trst01.com to learn more.About Rubber Board IndiaThe Rubber Board of India, headquartered in Kottayam, Kerala, is a statutory body under the Ministry of Commerce and Industry, Government of India. Established in 1947, it plays a pivotal role in the development of the rubber industry in India. The Board's responsibilities encompass research, development, and extension activities related to natural rubber cultivation, production, and processing. It also regulates the marketing of rubber and ensures fair prices for both growers and consumers. Through its various initiatives, the Rubber Board strives to enhance the productivity and sustainability of the rubber industry in India, thereby contributing to the economic growth of the country.Media Contact:Sheree TanSenior AssociatePINPOINT PR Pte. Ltd.sheree@pinpointpr.sg | pinpointpr.sgSG: +65 8313 9472Hakim IshakAssociatePINPOINT PR Pte. Ltd.hakim@pinpointpr.global | pinpointpr.sgSG: +65 8949 3040 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Fujitsu and Osaka University accelerate progress toward practical quantum computing by significantly increasing computing scale through error impact reduction in quantum computing architecture JCN Newswire

Fujitsu and Osaka University accelerate progress toward practical quantum computing by significantly increasing computing scale through error impact reduction in quantum computing architecture

August 28, 2024
Kawasaki and Osaka, Aug 28, 2024 - (JCN Newswire via SeaPRwire.com) - Fujitsu Limited and the Center for Quantum Information and Quantum Biology at Osaka University (QIQB) today announced the joint development of two new technologies for the space-time efficient analog rotation quantum computing architecture (1) that will accelerate the realization of practical quantum computing.Fujitsu and QIQB have leveraged these new technologies, one that improves phase angle accuracy during phase rotation (2) and one that automatically generates efficient qubit operation procedures, to show that it is theoretically possible for a quantum computer to perform a calculation that would take a classical computer five years, in only ten hours. The two organizations found that the calculation, a material energy estimate, would be possible using only 60,000 qubits, significantly less than the amount typically thought to be required (3) for fault-tolerant quantum computation (FTQC) (4) to surpass the calculation speed of classical computers.These results demonstrate for the first time how quantum advantage, i.e., quantum computers being able to solve problems faster than current classical computers, can be achieved in the early-FTQC era (5), which is expected to arrive around 2030. Quantum computing is expected to accelerate technological innovations in various fields, including enabling a larger-scale analysis of the Hubbard model (6) for developing high temperature superconductors (7), which may improve the efficiency of electrical infrastructure, as well as lead to innovations in material development and drug discovery.The generation of efficient qubit operation procedures was achieved through the development of a quantum circuit generator. This system introduces a streamlined the process for converting logic gates, which are the fundamental operations of quantum computing, into physical gates, which operate the qubits. The system is also equipped with acceleration technology that minimizes computing time by dynamically changing the operational procedures of the qubits.The two organizations initially announced the quantum computing architecture on March 23, 2023 (8), but there were obstacles to practical applications including insufficient accuracy in phase rotation and the lack of an established physical gating procedure, a method of operating qubits suitable for specific calculation problems. These new technologies address these obstacles.Through their continued joint quantum computing initiatives, Fujitsu and QIQB aim to contribute to solving societal issues, addressing decarbonization and reducing the cost of new material development.AcknowledgementsThis research was supported by the following grants: Japan Science and Technology Agency (JST); the Program on Open Innovation Platforms for Industry-academia Co-creation (COI-NEXT), "Quantum Software Research Hub" (JPMJPF2014); JST Moonshot Goal 6 "Realization of a fault-tolerant universal quantum computer that will revolutionize economy, industry, and security by 2050", R&D project "Research and Development of Theory and Software for Fault-tolerant Quantum Computers" (JPMJMS2061); and Japanese Ministry of Education, Culture, Sports, Science and Technology’s Quantum Leap Flagship Program (MEXT Q-LEAP) "Development of quantum software by intelligent quantum system design and its applications" (JPMXS0120319794).[1] Space-time efficient analog rotation quantum computing architecture :A quantum computing architecture that can significantly reduce the number of physical qubits needed for arbitrary phase rotation, An essential step in achieving practical quantum computing.[2] Phase rotation :An operation in which the arbitrary phase angle of a qubit rotates. An essential element in unlocking the true power of quantum computing.[3] One million qubits :The estimated number of qubits required to solve the FeMoco (enzyme active center) energy estimation problem with an error rate of 0.1% (source cited: Reiher, et. al., PNAS, 114 (29) 7555-7560 (2017)).[4] Fault-tolerant quantum computation (FTQC) :Fault-tolerant quantum computation achieved through the correction of quantum errors.[5] Early-FTQC era :An era in which quantum computers work with only a maximum of 100,000 physical qubits and FTQC is considered to be impossible to achieve.[6] Hubbard model :A theoretical model for calculating material properties. It is used to describe strongly correlated electron systems, including in high-temperature superconductivity.[7] High temperature superconductor :A material that exhibits a phenomenon which causes it to have zero electrical resistance when it reaches a temperature above the boiling point of liquid nitrogen.[8] Fujitsu and Osaka University develop new quantum computing architecture, accelerating progress toward practical application of quantum computerAbout the Center for Quantum Information and Quantum Biology at Osaka UniversityThe Center for Quantum Information and Quantum Biology consists of six research groups: Quantum Computing, Transdisciplinary Quantum Science, Quantum Information Devices, Quantum Communication and Security, Quantum Sensing, and Quantum Biology. QIQB promotes transdisciplinary research between each of these research groups and with other academic fields. The Center is an international research hub for quantum innovation by actively promoting international academic exchange and collaboration across borders. QIQB seeks to play a key role in nurturing future quantum leaders and specialists through education and training. For more information: https://qiqb.osaka-u.ac.jp/en/.About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.About Osaka UniversityOsaka University was founded in 1931 as one of Japan’s imperial universities through strong demand from political and business circles in Osaka, as well as the people of Osaka City and Prefecture. The spiritual roots of Osaka University can be found in Kaitokudo and Tekijuku, educational institutions of the Edo period. After its merger with Osaka University of Foreign Studies in 2007, Osaka University became a comprehensive university with its own School of Foreign Studies. Boasting 11 undergraduate schools, 15 graduate schools, and 6 affiliated research institutes excelling in the fields of the humanities and social sciences, medicine, dentistry, pharmacy, science, and engineering, Osaka University is one of Japan’s premier comprehensive research universities.Osaka University will celebrate the 100th anniversary of its founding in 2031. We will contribute to the creation of a society where each member feels worth living through co-creation with diverse stakeholders to solve local and global challenges in accordance with the university's motto of “Live Locally, Grow Globally.”Press ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiriesCenter for Quantum Information and Quantum Biology at Osaka UniversityQuantum Software Research HubE-mail: coi-next@qiqb.osaka-u.ac.jp Copyright 2024 JCN Newswire via SeaPRwire.com.
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Cisgenics Brings Next-Generation Irrigation Technology to Australia ACN Newswire

Cisgenics Brings Next-Generation Irrigation Technology to Australia

August 28, 2024
SYDNEY, AU, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Cisgenics, a pioneer of world-class sustainable irrigation solutions, has entered the Australian market, introducing their next-generation irrigation solutions which hold the potential to shape the future of water management in Australia. The company is opening its first office in Adelaide and undertaken a number of significant projects including a world-class sporting venue and various projects for the City of West Torrens in South Australia. These projects address urban green space management and water optimisation to maintain lush, inviting landscapes while adhering to strict water conservation mandates.Australia faces pressing challenges such as water overconsumption, frequent droughts, and the resulting heightened risk of fires, all of which threaten the sustainability of agricultural practices, urban green spaces, and notable landmarks. Cisgenic’s flagship solution, CisgenX, derived from over 45 years of experience in irrigation experience across more than 1,000 projects, can help overcome some of these issues. A proven solution, CisgenX will be deployed at some of the world’s most recognisable and photographed locations including, Bay East Gardens, and the Founders Memorial at Singapore's Gardens by the Bay, along with the Nad Al Sheba Road in the UAE."We see a significant market for CisgenX in Australia, where water conservation and droughts are critical concerns,” says Sam Rebera, Managing Director of Cisgenics. "To help local businesses and communities meet their sustainability goals, we are striving to earn the Smart Approved Watermark, which we believe will establish CisgenX as Australia’s leading sustainable irrigation solution. To support this goal and manage the projects we've secured, we are in the process of opening an office in Adelaide."Cisgenics designs solutions to meet the unique needs of various industries, from golf courses and landscapes to agribusiness. Their precision irrigation systems enhance turf health, create water-efficient green spaces in both urban and rural areas, and boost crop yields. CisgenX, utilises advanced IoT (Internet of Things) technology and machine learning algorithms to optimise water, fertiliser, and energy use. This state-of-the-art solution helps optimise water usage and manage plant health.The integration of technologies in the CisgenX solution enables precision irrigation, where machine learning algorithms will work alongside weather data to predict water needs with pinpoint accuracy, significantly reducing water waste. The platform’s advanced sensors and real-time monitoring optimise resource use, saving money, conserving water, and ensuring plant health. Internal studies have shown that CisgenX can cut water consumption by up to 40%, and in some cases, by as much as 70% on traditional methods of irrigation. These significant reductions help clients meet their ESG goals while providing real-time data through IoT sensors that monitor soil moisture and other critical factors."Through our advanced irrigation solutions, we are not only addressing immediate concerns like water scarcity and fire risk but also contributing to a sustainable future for Australia," added Rebera. "Our goal is to support the country’s efforts to manage its natural resources responsibly while ensuring that essential green spaces thrive.”Cisgenics will be showcasing these products and more at the upcoming Irrigation Conference 2024 in Sydney from 2-4 September. Attendees are invited to visit Booth 88 to learn how their solutions can transform irrigation practices in Australia and beyond.About CisgenicsCisgenics is dedicated to revolutionising the irrigation industry through innovative, AI-powered solutions that optimise water and energy use, promote sustainability, and ensure the health and longevity of green assets worldwide. With more than 45 years of experience, Cisgenics combines deep industry knowledge with the latest technological advancements to offer precision, efficiency, and sustainability in water management. Visit cisgenics.com for more information.For more information, please contact:Illka GobiusManaging DirectorPINPOINT PR Pte. Ltd.Email: illka@pinpointpr.globalPhone: (AU) 0429 396 275 or (SG) +65 9769 8370 Copyright 2024 ACN Newswire via SeaPRwire.com.
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