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Speech and Voice Recognition Market Worth 18.30 Billion USD by 2023

The report Speech and Voice Recognition Market by Technology (Speech Recognition, Voice Recognition), Vertical (Automotive, Consumer, Banking, Financial Services and Insurance (BFSI), Retail, Education, Healthcare & Government) and Geography – Global Forecast to 2023″, published by MarketsandMarkets™, the Speech and Voice Recognition Market is expected to be valued at USD 6.19 Billion in 2017 and is likely to reach USD 18.30 Billion by 2023, at a CAGR of 19.80% between 2017 and 2023.

(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 72 Market Data Tables and 49 Figures spread through 165 Pages and in-depth TOC on “Speech and Voice Recognition Market – Global Forecast to 2023

http://www.marketsandmarkets.com/Market-Reports/speech-voice-recognition-market-202401714.html

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Increased demand for speech-based biometric systems for multifactor authentication and growing impact of artificial intelligence (AI) on the accuracy of speech and voice recognition drive the growth of the market.

Voice recognition technology expected to grow at higher CAGR during forecast period

The market for voice recognition is expected to grow at a higher CAGR during the forecast period. The need for biometrics authentication leads to the growing integration of voice authentication in mobile banking and creates a growing demand for multifactor authentication in enterprises and industries, leading to the growth of the market for voice recognition.

In October 2016, VoiceVault Inc. (US) partnered with BioConnect (US) to develop and integrate biometric authentication technologies into digital banking and finance platforms. This partnership enabled the integration of the existing voice recognition software of VoiceVault Inc. into the BioConnect Identity Platform a mobile platform offering biometric authentication solutions with voice and eye-scanning technology or password technology.

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Consumer vertical expected to hold largest share of speech and voice recognition market during forecast period

The key factor contributing to the growth of the speech and voice recognition market in the consumer vertical is increasing efforts of original equipment manufacturers (OEMs) to bring speech and voice recognition technology in their devices.

Americas expected to hold largest share of speech and voice recognition market during forecast period

The key factor contributing to the growth of the speech and voice recognition market in the Americas is the increase in the deployment of biometric systems to ensure high level of security in countries such as the US, Canada, and Mexico. For instance, in June 2017, VIQ Solutions Inc. (Canada) partnered with Pivot Technology Solutions, Inc. (Canada) to access Pivot Technology Solutions’ innovative products, next-generation ultra-secure platform, CyberCrypt, video capture devices, and high-definition (HD) telepresence systems, along with end-to-end services for the customer base of public organizations and private enterprises.

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Major players operating in the speech and voice recognition market include Nuance Communications, Inc. (US), Microsoft Corporation (US), Alphabet Inc. (US), Cantab Research Limited (UK), Sensory, Inc. (US), ReadSpeaker Holding B.V. (Netherlands), Pareteum Corporation (US), Iflytek Co., Ltd. (China), VoiceVault Inc. (US), VoiceBox Technologies Corp. (US), LumenVox, LLC (US), and Acapela Group SA (Belgium).

Browse Related Reports

Text-to-Speech Market by Vertical (Healthcare, Enterprise, Consumer Electronics, Automotive & Transportation, Finance, Education, Retail), and Geography(Americas, EuropeAsia Pacific) – Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/text-to-speech-market-2434298.html

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™
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325.6W! LONGi Solar’s 60 cell Hi-MO1 Module Demonstrated another Power Record

Recently LONGi Solar received a test report from TUV Rheinland that its latest 60 cell Hi-MO1 module achieved a power output of 325.6W under standard testing conditions (STC) with the conversion efficiency reaching 19.91%. This is another power record of Hi-MO1 series products achieved by LONGi Solar following the 316.6W record set at the end of 2016.

The module incorporates the monocrystalline PERC cells based on mass production technology with a 21.9% conversion efficiency. The test was completed at the TUV Rheinland Shanghai Lab on April 17, with the open circuit voltage and short circuit current reaching 40.79V and 10.160A respectively.

Hi-MO1, launched by LONGi Solar in 2016, is the only P-type monocrystalline module that promises a first-year power degradation within 2% in the industry, featuring high efficiency, low LID and high energy yields. It was awarded the TUV Rheinland “All Quality Matters” PV Module Energy Yield Simulation Award 2016 (MONO), with the simulated energy yields for five cities around the world ranking No.1 among all modules. The field test conducted at Sanya Base by State Key Lab of China Electric Apparatus Research Institute has also proved that the energy yield of Hi-MO1 module is on average over 3% higher than that of the conventional products.

Mr. Li Wenxue, President of LONGi Solar, emphasized, “LONGi Solar has always been committed to providing the most efficient products with the best quality and cost performance to end customers. We have been investing in R&D consistently, and achieved remarkable results in delivering higher and higher efficiency products. The 325.6W is a result of LONGi Solar’s continuous innovation following our parent company LONGi Group’s philosophy, and is also LONGi Solar’s commitment to the industry. In the future, LONGi Solar will continue to accelerate the technological innovation, and make contributions to LCOE reduction and aim to achieve grid parity.”

Photo – https://photos.prnasia.com/prnh/20170802/1912195-1

SOURCE LONGi Solar

CONTACT: Vivian chu, +86-18502193718, chuww@longi-silicon.com

Mobile Edge Computing Market Worth 838.6 Million USD by 2022

According to a new market research report Mobile Edge Computing Market by Component (Hardware and Software), Application (Location-Based Services, Video Surveillance, Unified Communication, Optimized Local Content Distribution, Data Analytics), Organization Size and Region – Global Forecast to 2022″, published by MarketsandMarkets™, the Mobile Edge Computing (MEC) market size is expected to grow from USD 185.8 Million in 2017 to USD 838.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 35.2%.

(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 29 Market Data Tables and 31 Figures spread through 110 Pages and in-depth TOC on “Mobile Edge Computing Market

http://www.marketsandmarkets.com/Market-Reports/mobile-edge-computing-market-10135317.html
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The demand for MEC is majorly driven by increasing need to improve end-user’s Quality of Experience (QoE). With the rising demand for ultra-low latency and high bandwidth requirements, the adoption rate of MEC technology among enterprises is expected to gain a major traction during the forecast period.

The location-based services application segment is expected to hold the largest market share

The location-based services segment makes use of real-time geographical data from a mobile device in order to provide information, entertainment, and security. In other words, location-based services allow a variety of services linked to a particular place, to be recommended to a user at the right time. Furthermore, to improve the QoE with respect to the usefulness of the recommended service, the user’s behavior log and preference can be collected in the users’ mobile terminal, and then be delivered to the location-based service application. This accounts for the largest market size of the location-based services.

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Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period

North America is estimated to hold the largest market share in 2017, while APAC is projected to be the fastest growing region with the highest CAGR, since enterprises in this region are looking for a more cost-effective approach, thus the growth opportunities are high in the APAC region.

The major vendors providing MEC technology are Adlink Technology Inc. (Taiwan), Advantech Co., Ltd. (Taiwan), Artesyn Embedded Technologies Inc. (California, US), Brocade Communications Systems, Inc. (California, US), Huawei Technologies Co., Ltd. (Shenzhen, China), Juniper Networks, Inc. (California, US), Nokia Corporation (Espoo, Finland), Saguna Networks Ltd. (Israel), Vapor IO, Inc. (Texas, US), and Vasona Networks, Inc. (California, US).

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Software Defined Networking (SDN) Market & Network Function Virtualization by Solution (Security Technologies, Switches, SDN Application Platform & Controller, SDS Platform, and Routers), Service, End User – Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/software-defined-networking-sdn-market-655.html

Cloud Radio Access Network (C-RAN) Market by Technology (Centralization and Virtualization), Component (Solutions and Services), Deployment Venue, and Region (North AmericaEurope, APAC, MEA, and Latin America) – Global forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/cloud-radio-access-network-ran-market-1001.html

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

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SOURCE MarketsandMarkets

Integrity Applications Announces Close of $12 Million Private Placement

Integrity Applications, Inc. (OTCQB: IGAP), maker of GlucoTrack®, a non-invasive device for measuring glucose levels in people with type 2 diabetes and pre-diabetes, announced today that it has successfully closed a private placement offering, raising approximately $12 million over the past 16 months. Accredited investors purchased units consisting of one share of Series C preferred stock, convertible into shares of the Company’s common stock at $4.50 per share, and two warrants to purchase shares of the Company’s common stock at $4.50 and $7.75 per share, respectively. The transaction was led by Andrew Garrett, a New York City based full-service investment bank and the Company’s investment advisor, which acted as sole placement agent. Since its incorporation as a U.S. Delaware based company, Integrity Applications has successfully raised approximately $35 million in equity financings exclusively through Andrew Garrett.

“This ongoing source of capital has provided us with resources to continue our progress towards a truly non-invasive solution to glucose measurement and, in addition supports the initial commercialization of GlucoTrack in Europe, as well as advances our clinical and regulatory efforts in the U.S. and China,” stated John Graham, chairman and chief executive officer of Integrity Applications. “We appreciate the continued support of Andrew Garrett, our existing shareholders and welcome our new investors to the Company.”

About GlucoTrack®
GlucoTrack® is a truly non-invasive monitoring device that rapidly measures and displays an individual’s glucose level in about a minute without finger pricking or any pain. GlucoTrack® features a small sensor that clips to the earlobe and measures the user’s glucose level using innovative and patented sensor technology. The measured signals are analyzed using a proprietary algorithm and then a calculated glucose level is displayed on a small handheld device the size of a small mobile phone. The glucose results are stored in the device and used to project an estimated HbA1c level using a proprietary algorithm. The device can also display glucose values graphically, enabling the user to monitor glucose levels over time.

GlucoTrack® has received CE Mark and KFDA approvals for type 2 diabetes and pre-diabetes, and is currently in the early stages of commercialization in EuropeSouth Korea and other geographies.

GlucoTrack® is expected to begin clinical trials for United States FDA approval in late 2017. The product is currently experimental in the United States and is limited to investigational use only.

About Integrity Applications, Inc.
Integrity Applications was founded in 2001 and is focused on the design, development and commercialization of non-invasive glucose monitoring technologies for people with type 2 diabetes and pre-diabetes. The company has developed GlucoTrack®, a proprietary non-invasive glucose monitoring device designed to obtain glucose measurements in about a minute without the pain, incremental cost, difficulty or discomfort of conventional invasive finger stick devices. Integrity Applications Inc. is a Delaware corporation, with headquarters in the United States and an R&D site in Ashdod, Israel. For more information, please visit www.integrity-app.com and www.glucotrack.com.

Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “expect”, “plan” and “will” are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect Integrity Applications’ actual results and could cause such results to differ materially from any forward-looking statements that may be made in this news release. Factors that may affect Integrity Applications’ results include, but are not limited to, the ability of Integrity Applications to raise additional capital to finance its operations (whether through public or private equity offerings, debt financings, strategic collaborations or otherwise); risks relating to the receipt (and timing) of regulatory approvals (including FDA approval); risks relating to enrollment of patients in, and the conduct of, clinical trials; risks relating to its current and future distribution agreements; risks relating to its ability to hire and retain qualified personnel, including sales and distribution personnel; and the additional risk factors described in Integrity Applications’ filings with the U.S. Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2016 as filed with the SEC on March 30, 2017.

The securities sold in the financing have not been registered under the United States Securities Act of 1933, as amended (“Securities Act”), and may not be offered or sold in the US absent registration or an applicable exemption from registration requirements.

THIS PRESS RELEASE IS BEING ISSUED PURSUANT TO RULE 135C UNDER THE SECURITIES ACT AND DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY THE SECURITIES, NOR SHALL THERE BE ANY SALE OF THE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO THE REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF SUCH STATE. ANY OFFERING OF THE SECURITIES UNDER THE RESALE REGISTRATION STATEMENT WILL ONLY BE BY MEANS OF A PROSPECTUS.

CONTACT: Sami Sassoun, CFO, 972-558-814553, samis@integrity-app.com

SOURCE Integrity Applications, Inc.

RELATED LINKS
http://www.integrity-app.com

Hyperloop One Goes Farther and Faster Achieving Historic Speeds

World’s First Autonomous Pod Successfully Completes Inaugural Test Run

As the only company in the world that has built an operational Hyperloop system, Hyperloop One continues to make history with the successful completion of its second phase of testing. On July 29, 2017, Hyperloop One completed Phase 2, achieving historic test speeds travelling nearly the full distance of the 500-meter DevLoop track in the Nevada desert. The Hyperloop One XP-1, the company’s first-generation pod, accelerated for 300 meters and glided above the track using magnetic levitation before braking and coming to a gradual stop.

“This is the beginning, and the dawn of a new era of transportation,” said Shervin Pishevar, Executive Chairman and Co-founder of Hyperloop One. “We’ve reached historic speeds of 310 km an hour, and we’re excited to finally show the world the XP-1 going into the Hyperloop One tube. When you hear the sound of the Hyperloop One, you hear the sound of the future.”

During phase 2, Hyperloop One achieved record speeds, in a tube depressurized down to the equivalent of air at 200,000 feet above sea level. All components of the system were successfully tested, including the highly efficient electric motor, advanced controls and power electronics, custom magnetic levitation and guidance, pod suspension and vacuum system.

With Hyperloop One, passengers and cargo are loaded into a pod, and accelerate gradually via electric propulsion through a low-pressure tube. The pod quickly lifts above the track using magnetic levitation and glides at airline speeds for long distances due to ultra-low aerodynamic drag.

“We’ve proven that our technology works, and we’re now ready to enter into discussions with partners, customers and governments around the world about the full commercialization of our Hyperloop technology,” said Hyperloop One CEO, Rob Lloyd. “We’re excited about the prospects and the reception we’ve received from governments around the world to help solve their mass transportation and infrastructure challenges.”

“Our team of engineers continues to make history at DevLoop. Only a handful of teams would have attempted something so audacious while far less could have achieved it,” said Josh Giegel, President of Engineering and Co-founder of Hyperloop One. “Through tireless preparation, dedication and hard work, we successfully completed Phase 1, proving that Hyperloop One technology works and that Hyperloop is real. Phase 2 was far more difficult as we built upon everything we learned from our initial test and accomplished faster speeds at a farther distance. We’re now one step closer to deploying Hyperloop around the world.”

Phase 2 vs. Phase 1

  • Achieved 2.7x faster speed (192 mph vs. 69 mph)
  • Went 4.5x farther distance (1,433 feet vs. 315 feet)
  • 10x longer propulsion segment (300m vs. 30m)
  • 3.5x more power to the pod (3,151hp vs. 891hp)

To view the b-roll from Phase 2 with never-before-seen footage, animation and images, click here.

About Hyperloop One

Hyperloop One is reinventing transportation by developing the world’s first Hyperloop, an integrated structure to move passengers and cargo between two points immediately, safely, efficiently and sustainably. Our team has the world’s leading experts in engineering, technology and transport project delivery, working in tandem with global partners and investors to make Hyperloop a reality, now. Headquartered in Los Angeles, the company is led by CEO, Rob Lloyd and co-founded by Executive Chairman, Shervin Pishevar and President of Engineering, Josh Giegel. For more information, please visit http://www.hyperloop-one.com.

Media Contact:
Shruti Singh
Consulting Associate
Genesis Burson Marsteller Public Relations Pvt. Ltd.
shruti.singh@bm.com
+91-9654497747

 

SOURCE Hyperloop One

Automation Anywhere to Host Premier Customer Experience in India, Bringing Together Humans and Bots

After a successful New York City event in May, Automation Anywhere, the global leader in enterprise Robotic Process Automation (RPA), today announced it is holding its premier customer experience event in Bengaluru, India, on Sept. 6-7, 2017. Named Imagine, the event brings together customers, partners and their bots, with 800 attendees expected. It will provide everyone the opportunity to learn more about Robotic Process Automation, share best practices and network. The event is being held at the Vivanta by Taj Hotel in Yeshwantpur, Bengaluru.

“No matter what stage of RPA deployment our customers are in, there will be a lot to discover – how to get started now, how to scale their deployments, and most importantly, how to transform their businesses into digital enterprises,” said Mihir Shukla, CEO and Co-founder of Automation Anywhere. “Our customers are really the stars of the event, with more than 20 individual customer speakers set to share their expertise and experiences. The event will also uniquely bring together humans and bots in one setting.”

In addition to customer speakers, leading industry analyst Sarah Burnett of Everest Group will be presenting. Sarah is a vice president, leading Everest’s Service Optimization Technologies research program globally. She will provide a unique and authoritative view about how RPA is impacting business today and what we might expect tomorrow.

Automation Anywhere customers can view the Imagine agenda and register for the experience here.

Interact with Automation Anywhere

About Automation Anywhere

Automation Anywhere delivers the most comprehensive enterprise-grade RPA platform with built-in cognitive solutions and analytics. Over 500 of the world’s largest brands use the platform to manage and scale their business processes faster, with near-zero error rates, while dramatically reducing operational costs. Based on the belief that people who have more time to create, think and discover build great companies, Automation Anywhere has provided the world’s best RPA and cognitive technology to leading financial services, BPO, healthcare, technology and insurance companies across more than 90 countries for over a decade. For additional information visit www.automationanywhere.com.

 

SOURCE Automation Anywhere

CONTACT: Bhava Communications for Automation Anywhere, Pam Njissang, automationanywhere@bhavacom.com, 510-984-1528

RELATED LINKS
http://www.automationanywhere.com

Aclara to Acquire a Majority Interest in General Electric Philippines Meter & Instrument Company, a Joint Venture Company with Manila Electric Company

Aclara, a leading supplier of smart infrastructure solutions (SIS) to electric, gas and water utilities worldwide, has acquired GE’s majority equity position in General Electric Philippines Meter & Instrument Co., Inc. (GEPMICI), the market leader for electric meters in the Philippines. GEPMICI is a joint venture between GE and Manila Electric Company (Meralco), the largest electric distribution company in the Philippines.

As a result of the acquisition, Aclara will own a majority equity position in GEPMICI, which has offices in Taguig City, Metro Manila, the Philippines, and also supplies electric solutions in other ASEAN member countries and Japan. Meralco, which will maintain its current equity position in GEPMICI, serves over 6 million customers and covers 36 cities and 75 municipalities, including metropolitan Manila.

The acquisition of GEPMICI is an important part of Aclara’s global strategy because the Philippines, as well as other ASEAN and APAC countries, are key markets for Aclara’s continued international expansion.

“Holding a majority equity position in this joint venture enhances our global market leadership, as it is the gateway to expanding our international footprint into the growing ASEAN and APAC markets. This development further strengthens our ability to offer next generation smart meters through our broad meter portfolio,” said Allan Connolly, president and CEO of Aclara.

“We look forward to bringing decades of technical expertise to a growing market that is beginning to embrace the benefits of smart meters and next generation Smart Infrastructure Solutions,” added Connolly.

Aclara’s expansion of its international business began with the 2015 acquisition of the electric meters business operating within GE Power’s Grid Solutions subdivision as well as its 2016 acquisition of Tollgrade Communications Inc.’s smart grid sensor solution, the grid monitoring platform. The company also has recently opened offices in Bilbao, Spain and Cambridge, UK.

About Aclara
Aclara, an affiliate of Sun Capital Partners, Inc., is a world-class supplier of smart infrastructure solutions (SIS) and services to more than 800 water, gas, and electric utilities globally. Aclara SIS offerings include smart meters and other field devices, advanced metering infrastructure and software and services that enable utilities to predict and respond to conditions, leverage their distribution networks effectively and engage with their customers. Meter Reading Holdings LLC operates three sister companies, Aclara Technologies, Aclara Meters, and Smart Grid Solutions collectively referred as Aclara. Aclara won a Frost & Sullivan Global Smart Energy Networks Enabling Technology Leadership Award in 2017 and was named a finalist in three categories of the  Platts Global Energy Awards in 2016. Visit us at Aclara.com, follow us on Twitter @AclaraSolutions or read our blog.

About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a global private equity firm focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun Capital is a trusted partner that is recognized for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in over 345 companies worldwide across a broad range of industries and transaction structures with sales in excess of $45 billion.

 

SOURCE Aclara

CONTACT: Nancy Talley, Aclara, 440-528-7287, ntalley@aclara.com; Ann Seamonds, Seamonds & Company, 978-887-9875, seamonds@seamonds.com, www.seamonds.com

RELATED LINKS
http://www.aclara.com

Radius Developer Awards two Repeat Orders to Capacit’e Infraprojects Limited Worth Rs. 300 Crore

Radius Developer awards repeat orders to Capacit’e Infraprojects Limited, a fast growing construction company focused on Residential, Commercial and Institutional buildings for its two upcoming projects in Mumbai.

Radius Developer has awarded construction contract for its prestigious ~80 floors super high-rise project ‘ORCHID HEIGHTS’, at Mahalaxmi, Mumbai to Capacit’e Infraprojects Limited. The contract would be for approximately Rs. 185 crore. The project will be executed under a joint venture between Radius Developers and DB Realty.

Radius Developer has also awarded construction contract for its project ‘Avenue 54’ at Santacruz, Mumbai to Capacit’e Infraprojects Limited. The contract would be for approximately Rs 120 crore. The project will be executed under a joint venture between Radius Developers and Sumer Group.

Capacit’e Infraprojects Limited is executing another project for Radius group in Chembur.

About Radius Developers

Spearheaded by Sanjay Chhabria as its Managing Director, Radius Developers is a modern take on Mumbai’s real estate. Team Radius is a blend of professional flair and entrepreneurial passion. Sanjay is a renowned and respected member of Mumbai’s real estate fraternity and Radius Developers is his independent foray into real estate.

For more details, visit on http://www.radiusdevelopers.com.

About Capacit’e Infraprojects Limited

Capacit’e Infraprojects Limited (‘CIL’ or ‘Company’) provides end-to-end construction services for residential buildings (‘Residential’), multi-level car parks, corporate office buildings and buildings for commercial purposes (collectively, ‘Commercial’) and buildings for educational, hospitality and healthcare purposes (‘Institutional’). Its capabilities include constructing concrete building structures as well as composite steel structures. Capacit’e also provides mechanical, electrical and plumbing (‘MEP’) and finishing works.

For more details, visit on http://capacite.in/.

Media Contact:
Rahul Tekwani
PR Executive
rahul.t@conceptpr.com
+91-9009830767

SOURCE Radius Developer

Thailand’s TCP Group targets to triple sales to US$3 billion in five years

TCP Group, the Thai owner, manufacturer, and distributor of Red BullReadySponsor, Som Plus, Mansome, and Puriku beverages as well as Sun Snack snacks, today, announced that it has launched a massive, five-year organisational transformation programme aimed at making the group into one of Thailand’s most admired enterprises and tripling annual sales to US$3 billion.

Mr. Saravoot Yoovidhya, Chief Executive Officer, TCP Group, said, “What we manufacture in Thailandgoes into more than 10 billion cans of beverages consumed in more than 170 countries around the world.  We will invest US$300 million as part of a five-year programme to strengthen our group’s capabilities.  As an owner of the world’s first truly global Thai brand, Red Bull, we carry the Thai flag on the world stage.  The size of our investment reflects the seriousness of our commitment to make TCP Group an enterprise that can bring honour to Thailand in the global arena.”

He said, “The investment programme is comprised of three main initiatives; namely, strengthening our management and staff capabilities, expanding and enhancing our manufacturing capacity and R&D capabilities, and growing our on-the-ground presence in other countries.  Our new corporate identity, which we are also proudly unveiling today, represents the excitement with which our group looks to the future.”

Mr. Saravoot said, “We are enrolling the finest managerial talent and creating a high performance culture that blends Thai culture with the best of global practices.  Many of our leadership team have learnt global best practices as senior executives in multinational fast-moving-consumer-goods companies and they are now applying their skills to building a Thai company and Thai brands.  Their skills, combined with the exceptional track-record of our long-standing leaders, will further strengthen our organisation.”

TCP Group has total production capacity of over one billion (1,000 million) litres per year with plants in ThailandIndonesiaVietnam, and China.

Mr. Saravoot said, “In the next five years, we will open at least one new office or plant in a country, every year.  We aim to make TCP Group a powerful ‘house of brands’, and having a local office in other countries helps the group better understand the needs, habits, and preferences of local consumers and to develop products that can even better meet their particular needs.”

“It’s in our DNA to invest for the long-term and try what’s never been done before, whether it be in product formulation or marketing or in terms of business models,” he added.

“We have a truly extraordinary opportunity to put a Thai company on the global map and we believe the time is now to make this major investment and leap to the future,” Mr. Saravoot said.

TCP Group is comprised of T.C. Pharmaceutical Industries Co., Ltd., which is the primary manufacturer of group products, The Red Bull Beverage Co., Ltd., which handles marketing and sales of group products, T.G. Vending and Showcase Industries Co., Ltd., which owns and operates vending machines for group and other products, and Durbell Co., Ltd., which distributes group products as well as other brands.

Consolidated TCP Group sales is forecast to reach US$900 million for the full year ending 31 December 2017, with around US$600 million in exports.

Bangkok Public Relations Ltd.: P.Pachanapreeda +662-664-9500 ext114

SOURCE TCP Group

KinerjaPay Launches Gift Card Center for Platform Customers and Bitcoin Account Holders

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and ecommerce platform (“KinerjaPay” or the “Company”), announced today the launch of a Gift Card Center that allows customers to purchase popular gift cards using their KinerjaPay account balance, or a linked account on the Bitcoin exchange. As of the launch, the Company plans to introduce several gift cards, including Amazon, Barnes & Noble and Starbucks. Gift cards from local companies including MAP and Indomaret, are also available for purchase, as well as gift cards for the KinerjaPay platform.

Gift cards can be purchased in amounts ranging from $10 to $100 per card, and users have the option of receiving an electronic version via email or having a physical card mailed to them. In an effort to attract customers in the US, KinerjaPay offers free shipping to customers there; customers purchasing cards in other countries will be charged accordingly.

Indonesia’s prepaid card market is expected to generate US$ 1.77 billion in 2017, and is forecast to increase to US$ 3,372.6 million by 2021, according to a report by “Research and Markets”.

Edwin Ng, Chairman and CEO of KinerjaPay Corp., commented on the announcement, “The gift card market is thriving in Indonesia and around the world, and we expect the launch of our Gift Card Center to afford many benefits to the Company. In addition to providing a valuable service to our existing account holders, it also offers Bitcoin owners the opportunity to use the digital currency on an established ecommerce platform. Inasmuch as gift card transactions provide KinerjaPay with an average margin ranging between 5% and 8%, I anticipate the Gift Card Center will begin making a meaningful contribution to the Company’s revenue stream in the near-term.”

About KinerjaPay

KinerjaPay enables consumers to “Pay, Play and Buy” through its secure web portal and mobile applications. Based in Indonesia, the Company provides easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company’s services are available through its mobile applications and on its website at http://www.kinerjapay.com.

Notice Regarding Forward-Looking Statements

This press release may contain forward-looking statements, about KPAY’s expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as “believe,” “expect,” “intend,” “plan,” “may,” “should” or “anticipate” or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY’s authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY’s actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY ‘s actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY ‘s filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on February 11, 2016.

For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.

Media Contact:
KinerjaPay Corp.
Email: info@kinerjapay.co
+62-8229-777-0098

SOURCE KinerjaPay Corp.

Eloxx Pharmaceuticals Secures US$8 Million Investment from LSP, Increasing Total Raised in Series C to US$38 million

Sevion Therapeutics, Inc. (OTCQB: SVON) and Eloxx Pharmaceuticals Ltd., a clinical stage company developing therapeutics for genetic diseases caused by nonsense mutations, announced today the closing of additional  US$8 million investment in Eloxx Pharmaceuticals led by LSP, a leading healthcare investor. The investment increases the total Series C financing raised by Eloxx to a total of US$38 million. By raising this amount, Eloxx finalized their Series C financing round.

The other participants in the current Series C financing include: Pontifax VC, Dr. Phil Frost, OPKO Health Inc. (NASDAQ: OPK), Quark, Catalyst, KIP, DSC Funds, and additional private investors.

“We are very pleased to have attracted an outstanding global syndicate of investors to participate in our Series C financing. The latest investment from LSP is a validation from one of the best life science funds in the world,” said Eloxx’s CEO and co-founder Dr. Silvia Noiman. “With the funds from the Series C, we anticipate advancing our lead product candidate, ELX-02, into multiple Phase 2 studies later this year”.

On June 2, 2017, Sevion and Eloxx announced the signing of a definitive agreement for an acquisition transaction. Under the terms of the agreement, Eloxx will become a wholly owned subsidiary of Sevion. Upon completion of the transaction, Sevion will change its name to Eloxx Pharmaceuticals, Inc. and intends to apply to have its shares listed for trading on NASDAQ. Eloxx is planning to initiate multiple clinical studies for ELX-02, its lead development candidate, and anticipates achieving substantial clinical milestones over the course of 2017 and 2018, particularly in the lead clinical programs in cystic fibrosis and cystinosis patients carrying nonsense mutations.

Dr. Noiman added, “This is a very exciting time for Eloxx, and we are thrilled with the continuing progress of ELX-02, a disease-modifying therapy that we believe can treat diverse devastating genetic diseases for which there are no effective treatments. In addition, we expect to close our acquisition agreement with Sevion with the goal of listing our shares for trading on NASDAQ.”

In conjunction with the most recent financing, Martijn Kleijwegt, managing partner of LSP will join Eloxx Pharmaceuticals’ Board of Directors. Mr. Kleijwegt stated, “Eloxx is rapidly advancing a disruptive technology that may be able to transform how we treat genetic diseases. The Company is well-positioned to apply this technology across diverse indications, and we look forward to the further advancement of their programs.”

About LSP

LSP is a leading independent European investment firm, providing financing for private and public life-science companies. Since the late 1980s, LSP’s management has invested in a large number of highly innovative enterprises, many of which have grown to become leaders of the global life-science industry. With over $1 billion of investment capital raised to date and offices in AmsterdamMunichand Boston, LSP is one of Europe’s largest and most experienced specialist life-science investors. For more information, please visit www.lspvc.com.

About Eloxx Pharmaceuticals

Eloxx Pharmaceuticals is a clinical stage company developing first in class therapeutics for the treatment of genetic disease caused by nonsense mutations. Eloxx was co-founded by Dr. Silvia Noiman and Pontifax, a leading VC in the Life Sciences arena. Approximately 3 – 4 percent of newborns manifest a genetic disease or major birth defect, and about 12 percent of all mutations reported are caused by nonsense mutation. Nonsense mutations introduce premature stop codons in the reading frame of a gene. When the mutated sequence is translated into a problem, the resulting protein is incomplete and shorter than normal. Consequently, most nonsense mutations result in nonfunctional proteins. Nonsense mutations account for some of the most severe phenotypes in genetic diseases and often have devastating effects in critical target organs. ELX-02 is a translation read-through inducing drug. Read-through therapy is a treatment strategy for genetic diseases caused by nonsense mutations to increase translation and restoring activity of the mutated proteins.

About ELX-02

ELX-02 is a translation read-through inducing drug (TRID). Read-through therapy is a treatment strategy for genetic diseases caused by nonsense mutations to increase translation and restoring activity of the mutated proteins. ELX-02 is a designer aminoglycoside with unique pharmacological properties scaffold that has been developed and optimized as a TRID through intensive medicinal chemistry efforts over the past 10 years. Comprehensive preclinical testing of ELX-02 in rats and dogs and in mouse animal models of disease has been completed. Eloxx completed a monocentric Phase 1a single-ascending-dose study in healthy adult volunteers to characterize the safety, tolerability and PK of ELX-02 and collect data to support additional multiple dose studies in normal healthy volunteers and in selected patient populations. Phase 1b multiple ascending dose study (MAD) in healthy volunteers as well as 2 Phase 2 studies in Cystic Fibrosis and Cystinosis patients carrying non-sense mutations will follow this initial SAD study in ELX 02. Nonclinical studies demonstrated that ELX-02 is a potent TRID in several models of genetic disease caused by nonsense mutations. These models include Rett Syndrome, Mucoplysaccharidose type I (MPS I-H), Cystic Fibrosis (CF), Duchene Muscular Dystrophy (DMD) and Cystinosis. Comprehensive toxicology program in accordance with the ICH guideline M3 (R2) was completed for ELX-02 to support clinical studies.

About Sevion Therapeutics

Sevion Therapeutics (Company) is a biopharmaceutical company building and developing a portfolio of innovative therapeutics, from both internal discovery and acquisition, for the treatment of cancer and immunological diseases. The Company’s product candidates are derived from multiple key proprietary technology platforms: cell-based arrayed antibody discovery, ultra-long antibody scaffolds and Chimerasome nanocages. Sevion has leveraged these technologies to build a pipeline of innovative product candidates. For more information, please visit SevionTherapeutics.com.

Forward-Looking Statements

Certain statements included in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from such statements expressed or implied herein as a result of a variety of factors, including, but not limited to: the Company’s ability to continue as a going concern; the ability of the Company to consummate additional financings; the development of the Company’s antibody technology; the approval of the Company’s patent applications; the Company’s ability to successfully defend its intellectual property or obtain the necessary licenses at a cost acceptable to the Company, if at all; the successful implementation of the Company’s research and development programs and collaborations; the success of the Company’s license agreements; the acceptance by the market of the Company’s products; the timing and success of the Company’s preliminary studies, preclinical research and clinical trials; competition and the timing of projects and trends in future operating performance; and the quotation of the Company’s common stock on an over-the-counter securities market, as well as other factors expressed from time to time in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”). As a result, this press release should be read in conjunction with the Company’s periodic filings with the SEC. The forward-looking statements contained herein are made only as of the date of this press release, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Contacts
Eloxx Pharmaceuticals
Silvia Noiman, PhD, MBA
CEO
Tel: +972-544-256978
Silvia@eloxxpharma.com
or
Sevion Therapeutics
James Schmidt
Tel: 858-909-0749
info@seviontherapeutics.com
or
Burns McClellan, on behalf of Eloxx
Ben Matone, Tel: 212-213-0006, ext. 364
bmatone@burnsmc.com

LSP
Martijn Kleijwegt
Managing Partner
Tel: +31206645500
Mkleijwegt@lspvc.com

Felice Verduyn-van Weegen
Associate
Tel:_+31206645500
Fverduyn@lspvc.com

 

 

SOURCE Eloxx Pharmaceuticals

Prolanceer Solves the Pain Points of Software Outsourcing Industry

Anyone who has ever approached a software development company or a design studio with a project will agree to the fact that most of them operate like a black box. As a customer one need not know about what goes behind the scenes, but a basic clarity regarding the value for money of the services subscribed to is essential. This situation inspired Narek Gevorgyan and Udit Gangwani to offer – Prolanceer – a platform that brings integrity and transparency to the process of developing software applications. The two visionaries started the company in 2016 and currently employ over 20 people and feature 300 vetted software professionals.

What are software outsourcing firms hiding?

The underlying reason for this opaqueness is that many agencies employ under-qualified talent that costs them less money. However, these companies quote exorbitant rates to the customers. This also translates into missed deadlines, sub-standard products, numerous bugs, skipped testing phases and eventual loss to the consumer.

Udit GangwaniCo-Founder, Prolanceer.comOf course, no business will share the input costs with its customers but a certain feeling of satisfaction arises when the quality of work is proportional to the price.”

Are the software developers aware?

The situation is also not very pleasant for the employees who are overclocked and underpaid. People in software development industry, especially the ones who work for multinational corporations, often complain about a stressful work environment. This results from tasks beyond the technical grasp of the employee as well as sheer quantum of work burdened on each employee. They are neither able to deliver quality output nor is the endless list of tasks ever reduced.

It is a classic example of how aggrandization of profit takes place at the cost of human resource exploitation at one end and unreliable customer experience at the other. If industry reports are to be believed then such foolhardy practices lead to either delay or failure in 70% of all outsourced software projects.

Prolanceer to the rescue

As this is a web-based product, communication between customer and developer is encouraged, thus providing complete insights to the client on quality, cost, and efficiency of the professionals developing their software. Moreover, the developers are paid according to local salaried rates of their own cities in close adherence to labor laws of the respective countries. This ensures pay-parity and a satisfied class of developers, designers, project managers and other software professionals who benefit from the grand opportunity to work independently and remotely with startups and enterprises from around the world, and earn a competitive salary.

About Prolanceer

Prolanceer is a software-as-a-service platform that connects project owners with services providers (the Members) including freelance developers, designers, project managers, testers, design studios and development agencies. Project owners can post projects on the platform and invite members to apply for it. After the project is initiated, the platform offers services to manage the execution of the project and ensures payment protection.

View the video to know more: https://www.youtube.com/watch?v=LA1gOrzxy3A .

Media Contact:
Akash Singh
Shamoor
media@shamoor.com
+91-8376903305

SOURCE Prolanceer

Floor Adhesive Market Worth 11.01 Billion USD by 2022

The report Floor Adhesive Market by Type (Epoxy, Urethane, Acrylic, and Vinyl), Application (Tile & Stone, Carpet, Wood, and Laminate), Technology (Water-based, Solvent-based and Hot-melt based), and Region – Global Forecast to 2022″, published by MarketsandMarkets™, the market is projected to grow from USD 8.54 Billion in 2017 to USD 11.01 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022.

Browse 108 Market Data Tables and 63 Figures spread through 156 Pages and in-depth TOC on “Floor Adhesive Market

http://www.marketsandmarkets.com/Market-Reports/floor-adhesive-market-37475603.html

Early buyers will receive 10% customization on this report

The growth of the floor adhesive market is driven by the increasing demand for these adhesives from the residential, commercial, and industrial sectors. Epoxy and polyurethane floorings are widely used in commercial and industrial sectors, due to their high resistance to chemicals, temperature, and abrasion. These floorings are widely used in the healthcare, food, and automotive, among other industries.

Based on type, the epoxy resin segment is expected to be the largest segment of the market during the forecast period.

Epoxy adhesives consist of an epoxy resin and hardener. These adhesives are available in one-part, two-part, and film form. Epoxy adhesives form an extremely strong and durable bond with most materials. The major reason for the increasing adoption of epoxy adhesives in the flooring industry is their capacity to provide a good balance of handling characteristics and superior physical properties. These adhesives adhere well to a wide variety of substrates.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=37475603

Based on application, the tile & stone segment is projected to witness the highest growth during the forecast period.

Floor adhesive are extensively used to fix and joint tiles, marbles, and stones, among other materials. These adhesives provide high strength and durability and help prevent shrinkage cracks and slippages in a material. The growth of the tile & stone application segment is driven by the increasing infrastructural development in emerging countries across the globe.

Based on technology, the water-based adhesives segment is projected to be the largest segment of the market during the forecast period.

Water-based adhesives are widely used due to their low volatile organic content, and excellent shear strength, flexibility, and outstanding adhesion for diverse end use applications. Water-based adhesives are easy to handle and have better efficiency than solvent-based adhesives. These factors are expected to drive the water-based adhesives segment in the coming years.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=37475603

The Asia-Pacific floor adhesive market is projected to witness the highest growth during the forecast period.

The floor adhesive market in Asia-Pacific expected to witness the highest growth during the forecast period. Emerging economies, such as ChinaIndiaSouth Korea, and various Southeast Asian countries are attracting several global players to establish their manufacturing base in Asia-Pacific. These manufacturers are competing to reach an extensive customer base in countries, such as China and India to cater to the increasing demand for adhesives from the residential and industrial sectors in these countries. Increased investments in infrastructural development in the region are expected to fuel the growth of the floor adhesive market in Asia-Pacific.

Key players profiled in the floor adhesive market report are Mapei S.p.A. (Italy), Sika AG (Switzerland), Henkel AG (Germany), The Dow Chemical Company (U.S.), Wacker Chemie AG (Germany), Bostik SA (France), Forbo Holdings AG (Switzerland), Pidilite Industries Limited (India), H.B. Fuller (U.S.), and LATICRETE International, Inc (U.S.).

Browse Related Reports

Construction Adhesive Market by Type (Acrylic, Polyurethane, Polyvinyl Acetate, Epoxy, & Others), by Technology (Waterborne, Solvent Borne, Reactive, & Others), by Application (Onsite, Offsite, Civil) – Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/construction-adhesive-market-168524253.html

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™
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Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
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SOURCE MarketsandMarkets

DaDaABC Launches French, Spanish Courses in Pursuit of Diversity

DaDaABC, China’s leading online English learning platform for children, has recently launched French, and Spanish learning courses in an effort to meet a rising demand among Chinese students to master a second foreign language.

Advanced Teaching material

DaDaABC maintains high standards selecting teaching materials.

Experienced and Professional Instructors

All language instructors teaching at DaDaABC must meet the strict requirements for teaching experience, background, and certification. Every instructor must submit evidence that they are native speakers of the target language. The platform will be sticking to its one-on-one online tutoring model for its French and Spanish courses as well. DaDaABC provides its teachers full pay, and dedicating their attention to each student, thus making the learning environment more relaxed, and the learning process more effective.

Instructors include native teachers from countries such as France, and Spain, as well as bilingual teachers from French and Spanish speaking regions in Europe and North America. French teachers might come from Canada’s Quebec and Ontario provinces, where French is established to be the official language.  Spanish tutors can come from Spanish-speaking regions in the United States, such as CaliforniaTexas, or Florida.

Up to now, nearly 1,000 students have applied for these new courses and the number of applicants are rapidly increasing.

The launch of the French and Spanish courses diverse the curriculum system of DaDaABC and also conforms to the company’s “D3 strategy,” which stands for “Data”, “Diversity”, and “DaDaABC”.

“Adding two new languages goes along with our strategy to be more Diverse,” said Joyce Shen, Vice-President of Education at DaDaABC. “We will continue to deepen our understanding of our clients’ needs, develop more courses, and strive to build a diverse and authoritative international school without walls.”

Both languages, French and Spanish are widely used throughout the world, and are two of the multiple official working languages adopted by the United Nations – enabling students to integrate the world of cultural diversity.

“This endeavor is a response to the needs from parents of some of our students,” said Hui Zhi, the CEO and president of DaDaABC. “As the world becomes increasingly inter-connected, an increasing number of parents hope that their children can master a secondary foreign language, other than English – another key to the gate of diversity and globalization.”

About DaDaABC

Founded in 2013, DaDaABC is the most innovative English training institution in China. It has become one of the country’s most successful intelligent English learning platforms for children winning more than 15 awards and recognitions in 2016. DaDaABC has developed a leading English training system focused on “one-on-one online tutoring” and encouraging youngsters to learn and practice while having fun with instructors. The company has announced a total of 500 million RMB raised in a Series B and Series B+ investment round, which will be used for market expansion, curriculum development and an improved learning experience. DaDaABC helps students from mainland ChinaHong KongTaiwanSouth KoreaJapanFranceGermany and other non-English speaking countries. For more information, please visit: http://www.dadaabc.com/teacher/job

SOURCE DaDaABC

CONTACT: Elvisa Yao, elvisa.yao@dadaabc.com, +86 139 1755 7658; Richard Li, richard.lee@dadaabc.com, +86 150 2158 8924

Huawei Helps Thailand PEA Evolve its Transmission and Transformation Network to Accelerate Digital Transformation

After thoroughly analyzing Provincial Electricity Authority (PEA)’s requirements, Huawei developed a unified transmission solution customized specifically for PEA. The solution enabled PEA’s transmission and transformation network to be upgraded using customized network migration tools, entering a new stage.

“PEA’s modernized power transmission and transformation network provided by Huawei enables unified production and office services, reliable transmission of critical services, and electric power services to be migrated to all-IP network in the future. It delivers powerful performance and scalability to meet our future service requirements of the next three to five years.”

Supatat Inkhow, Regional Manager, Network Communication Department, PEA

Background

Thailand attracts millions of tourists from across the world every year. Both Phuket Island and Chiang Mai are illuminated by beautiful lights at night, which depend on consistent power supply provided by the PEA, Thailand’s largest electric power company.

PEA provides electricity power services for 17 million customers across Thailand, it has 512 substations and 914 offices, and offers power transmission of up to 10,173 cct-km, and optical fibers of 24,000 km.

Challenges

With Smart Grid delivering greater efficiency, traditional power companies need to embrace digital transformation. PEA’s early communications network for power transmission and transformation could no longer meet the demand for new IP-based services. Some equipment vendors had stopped providing boards and chips required for the existing grid, making it difficult to source spare parts and driving higher O&M costs.

In addition, old SDH devices couldn’t provide sufficient bandwidth for new services. Some existing services, such as SCADA, could run on IP networks, but PEA’s existing infrastructure impeded network evolution. These challenges prompted PEA to upgrade its network.

Solution

PEA wanted to deploy ICT to enable Smart Grid, capturing future digital opportunities. One of key priorities was to evolve its power transmission and transformation network, as the backbone of Smart Grid.

In 2014, Huawei recommended PEA consider a network upgrading, based on its deep understanding of the power industry and PEA’s business. Huawei assured PEA that many critical production and PCM services of the existing network could be moved to new network without affecting service quality and security. In addition, Huawei recognized that the new network needed to be flexible and scalable to accommodate new PEA services.

After thoroughly analyzing PEA’s requirements, Huawei developed a unified transmission solution customized specifically for PEA. The solution enabled PEA’s network to be upgraded using customized network migration tools, dual-domain bridging technology.

With this solution, PEA’s transmission and transformation network has entered a new stage:

  • Seamless, secure, and reliable interconnection between old and new network to ensure smooth network evolution

Huawei used customized migration tools to ensure the continuous availability of PEA’s critical services. The tools enable access to new services and provide spare parts servicing for up to 10 years to ensure smooth network evolution.

  • Soft and hard pipes for unified carrying of production and office services to meet future needs

TDM services, such as dispatch telephone and relay protection, are carried by mature and reliable SDH hard pipes to ensure low latency and jitter. Bandwidth-hungry services, such as office automation, are carried by MPLS-TP soft pipes to fully utilize network resources and ensure flexible and efficient transmission. This combination of hard and soft pipes supports PEA’s strategic evolution towards all-IP networking.

  • Built-in WDM and ultra-long-haul transmission technology simplifies network and reduces investment

To solve the existing network’s issue of insufficient optical fiber resources, the built-in WDM solution enables high-bandwidth transmission and conserves fiber resources by allowing one pair of fibers to uniformly carry multiple services. Furthermore, to accommodate multiple ultra-long-distance networks spanning 80 km to 200 km, Huawei applied built-in optical amplifiers to reduce the number of regeneration sites and minimize overall investment costs.

Benefits

Huawei’s unified transmission solution brought the following benefits to PEA:

  • The customized solution for PEA leverages new technologies such as PCM and Smart 40G. The solution carries both electric production and office services to support smooth evolution towards an all-IP network, while ensuring highly reliable transmission of mission-critical services.
  • Huawei’s professional technical teams planned the entire network, ensuring stable network operations. Ultra-high bandwidth and flexible scalability will meet PEA’s service development needs over the next three to five years.
  • Using Huawei’s solution, PEA has a stable network architecture that can accommodate future upgrades. This serves as an important example for power companies across the world who need to modernize their networks to drive digital transformation.

Huawei will continue to work closely with PEA to drive digital transformation. In 2016, Huawei and PEA initiated a strategic cooperation to create an innovation center to enable the two companies to develop breakthrough solutions.

Wang Yifan, General Manager of the Huawei’s Thailand office, said: “This innovation center is Huawei’s first innovation center for the electric power industry in the world. We have invested resources, personnel, and technologies. In the future, we will strengthen cooperation to effectively promote R&D practices and produce innovation results at an increasing speed to achieve win-win collaboration. This is part of Huawei’s active engagement in Thailand’s Smart City construction.”

To know more about Huawei helping enterprises achieve digital transformation, please visit http://e.huawei.com/topic/leading-new-ict-en/index.html?utm_campaign=lni17-minisiteen&utm_medium=hwdc&utm_source=ebghome-en&source=eebghq175155l

Tags: Smart Grid, Thailand, Unified Transmission Solution

SOURCE Huawei

CONTACT: Qiwei Li, 86 18025339127, liqiwei2@huawei.com

Legendary Manulife Agent Sets a GUINNESS WORLD RECORDS Title

Manulife’s longest-serving life insurance sales agent, Sun Yung Tsu (Joe Sun), has been awarded a GUINNESS WORLD RECORDS™ title as “the longest career as a corporate salesperson”. After 62 years and 238 days with Manulife Hong Kong, the phenomenal 91-year-old continues to serve clients and inspire his fellow agents with drive and dedication.

Mr. Sun has set this new GUINNESS WORLD RECORDS title on July 11, 2017, and received the official certificate at a mega agency event in Hong Kong today to mark his world record. “I am very honoured to have set a new world record with my lifelong career as an insurance agent. I would like to thank Manulife for making it possible for me to do the work I love and to make the friends I hold most dear. I have enjoyed every moment of my first six decades with the company, and I am not planning for retirement yet,” Mr. Sun said. “In work and in life, it is important to always look forward and be passionate.”

Originally from Shanghai, Mr. Sun was among only seven candidates chosen from some 400 applicants who joined Manulife in Hong Kong in 1954. The branch had just 20 staff at that time. With a blend of professionalism and passion, he became one of Manulife’s most successful agents. He received top-notch recognition over the years, being qualified as a Five-Star Master Builder in 1979, achieving top ten Divisional Leader rankings 15 times in his career, and earning Superstar status five times. Today as one of close to 7,000 advisors in the strong Hong Kong team, Mr. Sun continues to embody the Manulife values of reliability, integrity and forward-thinking in a rapidly changing industry.

“While technology is creating seismic shifts in the insurance sector, our industry will always rest on people who are dedicated to helping others and developing long-term relationships with clients and colleagues. Joe exemplifies this more than anyone, acting as a true example of the professionalism we should all strive for and the values we should uphold,” said Guy Mills, Chief Executive Officer, Manulife Hong Kong.

As Mr. Sun marks 62 years and 238 days with Manulife, the company has also been operating in Hong Kong for 120 years. Manulife prides itself on the quality and professionalism of its agency workforce. The company is named “Company for Financial Planning Excellence of the Year” (Insurance Sector) at the SCMP/IFPHK Financial Planner Awards for 10 consecutive years from 2007 to 2016. Nurturing collaboration and teamwork from its earliest days, the Hong Kong office has some of the longest-serving advisors in the global Manulife world. The team includes Mr. Sun’s closest lifelong colleagues – Paul Hung (56 years of service) and Robert Wilson (49 years of service).

“Insurance is the shield that protects people from blows they cannot see coming. The industry will change over time, but serving clients will always be at the forefront of our business. People’s need for protection and security will remain unchanged, and I hope to continue providing it to our clients, so many of whom have become my closest friends,” said Mr. Sun.

 

About Manulife Hong Kong

Manulife Hong Kong offers a diverse range of protection and wealth products and services to individual and corporate customers via Manulife (International) Limited, Manulife Asset Management (Hong Kong) Limited and Manulife Provident Funds Trust Company Limited, which are members of the Manulife group of companies.

About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers’ needs first and providing the right advice and solutions. We operate as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22 million customers. As of March 31, 2017, we had C$1 trillion (HK$5,860 billion) in assets under management and administration, and in the previous 12 months we made almost C$26.3 billion in payments to our customers. Our principal operations are in AsiaCanada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the TorontoNew York, and the Philippine stock exchanges and under ‘945’ in Hong Kong.

 

SOURCE Manulife Hong Kong

CONTACT: Jacqueline Kam / Crystal Tse, Manulife (International) Limited (Incorporated in Bermuda with Limited Liability), Tel: (852) 2202 1284 / 2510 3130, Jacqueline_tm_kam@manulife.com / crystal_ym_tse@manulife.com

RELATED LINKS
http://manulife.com.hk

Middle East & African Paints & Coatings Market to Witness a CAGR of 6.16%, by Revenue, Till 2022 – Mordor Intelligence Study

The paints & coatings industry in the Middle East & Africa (MEA) is an emerging industry, owing to the large-scale construction projects that are currently underway. Most Middle Eastern countries have invested a considerable amount in the construction market over the last decade. This is a result of the plan to diversify their economies from oil and oil-related business activities to other industry sectors; tourism has become the major focus. The market demand for paints & coatings is increasing in the construction sector, where new infrastructural construction and multi-storied buildings are underway, which are due to be completed over the forecast period. The major countries contributing to the construction sector are Saudi ArabiaQatar, UAE, Kuwait, etc. The demand for paints & coatings in these countries is increasing at a moderate rate, as the economic scenario in these countries is still affected by the oil & gas market – a major contributor to the countries’ income sources. Al-jazeera Factory for Paints Co., National Paints, Jotun, etc., are among the top players in the Middle East & African paints & coatings market.

The Middle East & African paints & coatings market was worth USD 8.865.67 million in 2016. The architectural coatings segment occupied the highest market share, with ~76%, in terms of volume.

The paints & coatings market in MEA has been segmented by technology into water-borne, solvent-borne, radiation-cured, and others. The water-borne coatings segment is expected to record the highest growth rate during the forecast period, owing to the increasing use of water-borne adhesives in architectural coatings. The solvent-borne coatings segment dominates the industrial coatings segment, as these coatings are more efficient than other coatings.

By country, Saudi Arabia accounted for the largest market share in 2016, among other countries, such as Jordon, Egypt, UAE, QatarKuwaitSouth Africa and NigeriaEgypt and Jordon are expected to record the fastest growth rates during the forecast period, owing to the increased spending in construction activities and growing industrial activities in these countries. The Middle East & African paints & coatings market is expected to register a CAGR of 6.16%, by revenue, and 5.07%, by volume, during the forecast period.

Browse this report:  Middle East & African Paints & Coatings Market – Segmented by Technology, Resin Type, Applications and Geography (2017 – 2022)

The report can answer the following:

1. The Middle East & African (Saudi ArabiaNigeriaJordanEgyptQatarKuwait, UAE, South Africa, etc.) consumption value in the paints & coatings market.

2. The key producers of paints & coatings and their company profiles (market share, recent developments, financials and strategies).

3. The technologies used and end-user applications for paints & coatings and the market share of each type and application.

4. The different types of resins that are used in the production of paints & coatings and their market share.

5. Recent developments and trends of paints & coatings.

6. The forecasted size and growth rates for the Middle East & African paints & coatings market for 2022.

7. Key factors driving the Middle East & African paints & coatings market.

8. Key market trends impacting growth of the paints & coatings market.

9. Key factors restraining the growth of the paints & coatings market.

10. Future opportunities of the paints & coatings market.

Study Objectives:

1. To provide a detailed analysis of the market structure, along with the forecast of various segments and sub-segments of the Middle East & African paints & coatings market.

2. To provide insights about factors affecting the market growth. To analyze the paints & coatings market based on various factors, such as supply chain analysis, porters five force analysis, etc.

3. To provide historical data and forecast revenue of the market segments and sub-segments with respect to four main geographical countries.

4. To provide country-level analysis of the market with respect to the current market size and prospects.

5. To provide country-level analysis of the market, by application, technologies and the respective sub-segments.

6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape of the market.

7. To track and analyze competitive developments, such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and R&D in the Middle East & African paints & coatings market.

Spanning over 150 pages, the “Middle East & African Paints & Coatings (2017 – 2022)” report covers Industry Overview, Analysis of Drivers, Restraints, and Opportunities, Porter’s Analysis, Major Companies that Produce Paints & Coatings, Consumption of Paints & Coatings in the Middle East & Africa, Revenue by Country, Volume by Country, Technology Types and End-user Applications, the Middle East & African Countries’ Growth in the Market – 2012-2017, Consumption Value, Key Developments and Trend Analysis of the Market.

About Mordor Intelligence

Mordor Intelligence is a market intelligence and business advisory firm. The company operates in the business of industry analysis & consulting, in over 16 verticals. In today’s fast-paced and competitive business environment, every customer has unique information requirements. Having understood this, Mordor offers custom market intelligence and advisory services along with syndicated reports, to help them gain an edge over the competition. The company has successfully catered to over 500 (40% of fortune 500) clients since 2013.

Media Contact
Rohith Sampathi
5th Floor, Brigade Towers, Financial District,
Hyderabad, Telangana, India.
Phone: Asia Pacific: +91-9700500900
North America: +1-617-765-2493 Ext. 900
Email: rohith@mordorintelligence.com

Website: http://www.mordorintelligence.com

SOURCE Mordor Intelligence

Hexindai Partners with China UnionPay to Launch a Mobile Payment Function to Its App

Hexindai Inc. (“Hexindai” or “the Company”), a fast-growing consumer lending marketplace in China, today announced that it has partnered with China UnionPay to launch its “Quick Pass” app on Hexindai’s mobile platform. The app will allow investors on the Company’s platform to use surplus funds that have not been lent out to pay for goods and services provided by stores partnered with China UnionPay by scanning a QR code created by the app.

“Quick Pass” was jointly developed by China UnionPay and various commercial banks to provide consumers with a fast, convenient, and safe mobile payment option using POS machines in variousstores and realize mobile payment function.

“Hexindai Inc. is the first company in the industry to provide investors with a mobile payment solution that allows them to take advantage of funds that have not yet been loaned to borrowers on the platform,” commented Mr. Xinming Zhou, Chief Executive Officer of Hexindai. “This function will make it easier for investors to transfer more money to our platform knowing that they can use surplus funds for their daily consumptions. This partnership should help to enrich the functionality of our platform, provide users with another convenient service for their daily lives, enhance our brand recognition, and boost user loyalty to our platform.”

About Hexindai

Hexindai is a consumer lending marketplace based in Beijing, China that facilitates loans between borrowers and investors.

Media Contact

Hexindai Inc.
Wendy Xuan
Tel: +86 10 5985 6975
Email: media_hxd@hexindai.com

SOURCE Hexindai Inc.

prooV Raises $14 Million to Further Accelerate Innovation Between Enterprises and Startups

Series B investment led by Helios Capital and Mangrove Capital Partners to scale its proof-of-concept platform and increase global market penetration 

prooV, the world’s first Pilot-as-a-Service platform that facilitates and streamlines the Proof-of-Concept (PoC) process for startups and enterprises, today announced its $14 million Series B funding round led by Helios Capital and Mangrove Capital Partners. OurCrowd and Cerca Partners also joined the round, bringing the total financing of the company to $21.1 million.

(Logo: http://photos.prnewswire.com/prnh/20160908/405739LOGO )

prooV was founded with the goal of solving the headaches involved in running an effective PoC for both the startup and enterprise. prooV manages the entire PoC process, from the discovery via its PoC and solutions marketplace, to testing via deep mirroring of the enterprise testing environment, through to the deployment of the technology on the enterprise’s production servers. By running multiple PoCs safely and securely on prooV, enterprises and startups, save invaluable time and money compared to traditional processes. The interest in the platform has put prooV on an accelerated growth path. The company will use the funding to increase its operational footprint and headcount, and continue to enhance the platform offering. prooV will also establish a New York City office to support its expanding North American client portfolio.

“We have seen incredible demand for our platform from both leading startups and global enterprises, which came as no surprise since prooV was born out of the very serious pain points we ourselves felt from building technology companies over the years,” said Toby Olshanetsky, CEO and co-founder of prooV. “This new round of funding will help us continue to facilitate more PoCs using our proprietary technology, and push further into more industries and markets across the globe.”

Since its global launch in September 2016, prooV has experienced widespread growth from enterprises across virtually every industry that are looking to find, test-drive and implement the latest innovations. To date, prooV has over 1,000 companies signed up to its platform.

“prooV has emerged as the only platform that’s truly addressing the PoC headache permeating businesses today,” said Edouard Ullmo, Managing Director at Helios Capital. “At a time when organizations are inundated with the latest and greatest technologies to retain their competitive advantage – whether it’s cybersecurity, blockchain, mobile or many others – prooV serves as the nucleus of innovation for both startups and enterprises.”

“CIOs are key in selecting and adopting new technologies within organizations,” said Roy Saar, Partner at Mangrove Capital Partners. “We at Mangrove recognize and invest in companies we believe have the true potential to ease CIO’s lives. WalkMe, which also just announced a big round of funding, addresses this with their Digital Adoption Platform, while prooV does so with its one-of a kind PoC platform.”

About prooV

prooV™ (https://proov.io) is the first Pilot-as-a-Service platform that brings together global enterprises and startups to discover, connect, execute and evaluate Proof-of-Concepts (PoCs) through remote, secure and data-rich testing environments. Founded by serial entrepreneurs who recognized the inefficiencies in the modern PoC process, prooV offers a radical new approach to testing, tracking and analyzing vendor solutions, accelerating the journey from RFP to PoC.

Media Contacts

Liel Bari
prooV
liel@proov.io
Phone: +972-72-221-0063

Lisette Paras
Gravitate PR
lisette@gravitatepr.com
Phone: +1-415-745-9297

SOURCE prooV

SAB Holding Selects IBM Cloud to Accelerate its Mission-Critical Business Processes

IBM (NYSE: IBM) today announced that SAB Holding, an industrial conglomerate headquartered in Jeddah, Saudi Arabia, has selected IBM Cloud to host its mission-critical SAP® applications. IBM Cloud’s SAP-certified infrastructure will provide SAB Holding with the agility and speed the company needs to keep pace with business demands, while helping accelerate its business processes and fully leveraging its business data for better decision-making.

SAB Holding’s construction services subsidiary (RCC) was at a disadvantage for operating finance, payroll and inventory across multiple different systems. Time played a critical role for SAB Holding because the implementation needed to be completed within a tight timeframe for a major project.

To quickly solve this challenge and enable integrated operations, SAB Holding launched Enterprise Resource Planning (ERP) applications from SAP (S/4HANA®) to support finance, supply chain management, HR and payroll, project system and enterprise content management, delivered via the IBM Cloud. Handled and delivered by SAB Holding’s technology subsidiary, ‘SAB Innovation’, the IBM Cloud environment was implemented and ready for use within seven days with zero downtime.

With the new solution, SAB Holding benefits from a highly available IBM Cloud infrastructure that’s fully-managed by a team of experts at IBM’s cloud data center in Germany and backed by IBM’s global network spanning 19 countries and six continents. By hosting its workloads on the IBM Cloud, SAB Holding not only enjoys a highly secure environment but can scale instantaneously to accommodate the growth of its data.

Since the implementation, SAB Holding saw a decrease in the time spent managing its IT environment and launching new applications. SAB Holding employees also benefit from the new, automated processes for gathering month-end closing and status reports and can more efficiently leverage their data to make faster, better business decisions.

“Time constraint was a major challenge for us. By selecting the IBM Cloud, we were able to launch our mission-critical SAP-based ERP applications in a timely and seamless manner, without disrupting our business,” said Dr. Hatem Bakheet, CEO of SAB Innovation. “We are very pleased to have a leader in the cloud space such as IBM to support us with this transformation which will surely contribute to positive business outcomes too.”

“In a traditional IT environment, businesses may face a variety of challenges such as complex environments that can’t scale quickly or even a shortage of specialized skills,” said Tarek Zarg El Aioun, COO, IBM Saudi Arabia. “IBM Cloud will not only deliver the flexibility and scalability the business needs, but will enable SAB Holding to have its technology subsidiary focus on highly strategic initiatives, while IBM handles the day-to-day management of the cloud.”

Founded in 1990, SAB Holding is owned and chaired by Sheikh Salah Al Belawi. Its technology subsidiary, SAB Innovation, is an IBM Business Partner, reselling IBM solutions across Saudi Arabia.

About IBM Cloud
For more about IBM Cloud, visit www.ibm.com/cloud-computing.

SAP, SAP S/4HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) inGermany and other countries. See http://go.sap.com/corporate/en/legal/copyright.html for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

Contact(s)
Lina El Desouky
External Relations Leader, IBM Middle East and Pakistan
Mobile: +971 54 307 2694
Email: lina.eldesouky@ae.ibm.com

SOURCE IBM

RELATED LINKS
http://www.ibm.com

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