Ground Station Opens to Track Satellite Built by AURAK Students

Ras Al Khaimah, United Arab Emirates-Tuesday 30 June 2020 [ AETOS Wire ]

A ground station that will track and communicate with a satellite built by American University of Ras Al Khaimah (AURAK) students has opened on the University’s campus.

The ground station is capable of communicating with satellites in orbit by sending commands and receiving telemetry, images and science data back from them.

The satellite project is a collaboration between the UAE Space Agency, AURAK and Khalifa University of Science and Technology (KUST).

Among those present at the opening of the ground station were AURAK’s President, Professor Hassan Hamdan Al Alkim, Senior Vice President and Provost, Prof. Stephen Wilhite, Acting Vice President of Operational Excellence and Financial Management, Dr. Mohammed Saqr Al Zaabi, and Interim Dean of the School of Engineering, Dr. Hamed Assaf.

“The ground station was fully built by AURAK engineers and students. The station will be used to communicate with MeznSat, the university’s first nanosatellite. The ground station will also be used by faculty and students to track and receive data from other satellites,” said Dr. Abdul-Halim Jallad, Director and Assistant Professor, Center of Information, Communication and Networking Education and Innovation (ICONET).

“The opening of the AURAK Satellite Ground Station is another achieved milestone on the path of AURAK becoming a major hub in the area of space engineering in the UAE and the region. With the addition of the satellite ground station, the space lab at AURAK is now fully equipped with all major resources required to build and operate nanosatellites which also includes an ISO 7 cleanroom and other satellite ground support equipment,” Dr. Jallad added.

The satellite is scheduled for launch on a Soyuz-2 rocket from Russia in September 2020. When the satellite is in orbit, students will process and analyze the data from the newly opened ground station on the AURAK campus.

“I’m really proud of what our team and students, led by Dr. Jallad, have achieved so far. It’s an achievement for the country, not only for the university or the Emirate, and it shows how much this country, the United Arab Emirates, has advanced in this sector, education,” Professor Hassan said. “And now with the government emphasis on space, not only has an astronaut been sent into space, but there is also a satellite 100% manufactured in the UAE that is going to go into space.”

The MeznSat Nano-satellite is designed to detect greenhouse gas concentrations from orbit. Using a visible camera as well as a shortwave infrared spectrometer, it will measure the abundance and distribution of methane and carbon dioxide in the atmosphere. It will also provide information on the concentration of nutrients in the coastal waters of the Arabian Gulf. This will allow more accurate predictions of algal blooms and support the timely implementation of precautionary measures.

MeznSat is the first student-built scientific satellite in the UAE. The project aims at providing the UAE space industry with qualified well-trained graduates through hands-on experience, while at the same time opening up opportunities for advanced space-oriented research relevant to the UAE.

Contacts
American University of Ras Al Khaimah

Maryam Albloushi

Department of Communications and Public Relations

Tel: +971 7 2468803

Email: maryam.albloushi@aurak.ac.ae







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European Commission Releases Takeda From Commitment to Divest Shire’s Pipeline Compound SHP647

OSAKA, Japan-Saturday 30 May 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Takeda Pharmaceutical Company Limited (TOKYO:4502) (NYSE:TAK) (“Takeda”) today announces that on May 28, the European Commission (the “EC”) has released Takeda from the obligation to divest the pipeline compound SHP647 and certain associated rights (“SHP647”), a commitment that was provided by Takeda to secure regulatory clearance of its acquisition of Shire plc (“Shire”). Takeda will discontinue the current SHP647 clinical trial program, and it will be providing all eligible trial participants with the opportunity to have continued access to SHP647 in a post-trial access (“PTA”) study. In addition, subject to obtaining trial participant consents and the satisfaction of regulatory and ethical considerations, Takeda will make SHP647 clinical trial data and biosamples available to the scientific community through the Crohn’s & Colitis Foundation (“Foundation”).

Takeda announced on November 20, 2018, that the EC approved its proposed acquisition of Shire (the “Acquisition”). The EC’s approval was conditioned on Takeda fulfilling commitments provided to the EC in connection with the regulatory clearance. Specifically, in relation to the future potential overlap in the area of inflammatory bowel diseases between Takeda’s marketed product Entyvio (vedolizumab) and Shire’s pipeline compound SHP647, Takeda committed to divest SHP647. The divestment of SHP647 was not a condition to the completion of the Acquisition, which became effective on January 8, 2019.

Subsequent to the completion of the Shire acquisition, the SHP647 clinical trial program was affected by exceptional circumstances, which have caused the EC to conclude that the competition concerns previously identified by the EC no longer arise. Accordingly, the EC found that Takeda’s obligation to divest SHP647 was no longer justified and the EC waived the commitment.

Takeda engaged in two formal and rigorous sale processes spanning 14-months to identify and engage with potential purchasers of SHP647. The first sales process was conducted by Takeda and the second by an independent Divestiture Trustee, which was appointed under the standard procedure provided for in Takeda’s commitments to the EC. Takeda and the Divestiture Trustee each engaged with more than 60 potential purchasers, but the sale process was unsuccessful.

Takeda will no longer develop the SHP647 compound in any inflammatory bowel disease indication, including Ulcerative Colitis or Crohn’s Disease. The SHP647 clinical trial program will be discontinued in an orderly manner over the coming months. New patient enrolment into the study protocols was already stopped in late March due to the risks associated with the COVID-19 pandemic. The trials will be unblinded and not restarted. Takeda is committed to providing all eligible patients already in the SHP647 clinical trials and responding to treatment with the opportunity to have continued access to SHP647 in a PTA study. The parameters for this PTA study will be determined in collaboration with the SHP647 program’s steering committee and relevant regulatory authorities, and subsequently launched, subject to applicable local regulations and ethical considerations. Patients should continue to adhere to the current study protocol until contacted by their study site after guidance has been provided by the Takeda study team members. Treatment will be made available to patients enrolled in this PTA study to meet their individual treatment needs.

In addition, Takeda will make SHP647 clinical trial data and biosamples available to the scientific community through the Foundation, via the IBD Plexus® platform, a first-of-its-kind research information exchange platform and biobank that centralizes data and biosamples from diverse research studies, subject to applicable local regulations and ethical considerations. The Foundation will serve as an independent body to review requests from investigators and physicians seeking access to anonymised SHP647 clinical trial data and biosamples, and to make final decisions on data sharing. Takeda is committed to sharing clinical trial data and biosamples that benefit patients and foster scientific discovery in a way that ensures patient consent to the use of the data, privacy and preserves the integrity of research.

Assets and liabilities related to SHP647, which were previously classified as held for sale on Takeda’s consolidated statements of financial position, have ceased to be classified as held for sale as the result of the EC’s decision. Takeda will reverse previously estimated liabilities and reassess the estimates of the future costs related to SHP647 such as program termination costs, which will have a net impact of gain on our Operating Profit in Q1 of the current fiscal year ending March 31, 2021 (i.e., FY2020). This impact will be disclosed in due course, after it becomes available.

About Takeda Pharmaceutical Company Limited

Takeda Pharmaceutical Company Limited (TOKYO:4502) (NYSE:TAK) is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to bringing Better Health and a Brighter Future to patients by translating science into highly-innovative medicines. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Diseases, Neuroscience, and Gastroenterology (GI). We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people's lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries.
For more information, visit https://www.takeda.com.

About the Crohn's & Colitis Foundation

The Crohn's & Colitis Foundation is the leading non-profit organization focused on both research and patient support for inflammatory bowel disease (IBD). The Foundation’s mission is to cure Crohn's disease and ulcerative colitis, and to improve the quality of life for the estimated 3 million Americans living with IBD. For over 50 years, we have been inspiring and engaging patients and caregivers in the country’s largest IBD community and helping to dramatically accelerate the pace of research by breaking down traditional barriers to patients, data, funding, and collaborations. We also provide extensive educational resources for patients and their families, medical professionals, and the public.
For more information, visit www.crohnscolitisfoundation.org, call 888-694-8872, or email info@crohnscolitisfoundation.org.

Important Notice

For the purposes of this notice, “press release” means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (“Takeda”) regarding this release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.
The companies in which Takeda directly and indirectly owns investments are separate entities. In this press release, “Takeda” is sometimes used for convenience where references are made to Takeda and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

Forward-Looking Statements

This press release and any materials distributed in connection with this press release may contain forward-looking statements, beliefs or opinions regarding Takeda’s future business, future position and results of operations, including estimates, forecasts, targets and plans for Takeda. Without limitation, forward-looking statements often include words such as “targets”, “plans”, “believes”, “hopes”, “continues”, “expects”, “aims”, “intends”, “ensures”, “will”, “may”, “should”, “would”, “could” “anticipates”, “estimates”, “projects” or similar expressions or the negative thereof. These forward-looking statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those expressed or implied by the forward-looking statements: the economic circumstances surrounding Takeda’s global business, including general economic conditions in Japan and the United States; competitive pressures and developments; changes to applicable laws and regulations; the success of or failure of product development programs; decisions of regulatory authorities and the timing thereof; fluctuations in interest and currency exchange rates; claims or concerns regarding the safety or efficacy of marketed products or product candidates; the impact of health crises, like the novel coronavirus pandemic, on Takeda and its customers and suppliers, including foreign governments in countries in which Takeda operates, or on other facets of its business; the timing and impact of post-merger integration efforts with acquired companies; the ability to divest assets that are not core to Takeda’s operations and the timing of any such divestment(s); and other factors identified in Takeda’s most recent Annual Report on Form 20-F and Takeda’s other reports filed with the U.S. Securities and Exchange Commission, available on Takeda’s website at: https://www.takeda.com/investors/reports/sec-filings/ or at www.sec.gov. Takeda does not undertake to update any of the forward-looking statements contained in this press release or any other forward-looking statements it may make, except as required by law or stock exchange rule. Past performance is not an indicator of future results and the results or statements of Takeda in this press release may not be indicative of, and are not an estimate, forecast, guarantee or projection of Takeda’s future results.

Contacts

Media Contacts:
Japanese Media
Kazumi Kobayashi
kazumi.kobayashi@takeda.com
+81 (0) 3-3278-2095
Takeda Pharmaceutical Company Limited

Media outside Japan
Tsuyoshi Tada
tsuyoshi.tada@takeda.com
+1 (617) 551-2933
Takeda Pharmaceutical Company Limited


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Entersekt Offers Guidance on Securing the Mobile Channel Amidst FBI Cautions

US Federal Bureau of Investigation warns that cybercriminals are increasingly targeting mobile banking apps – here’s what banks can do



ATLANTA & CAPE TOWN, South Africa-Monday 29 June 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Entersekt, a global specialist in digital security solutions, today released its updated guidance for financial institutions, Securing the Mobile Banking Channel, a white paper. This follows the FBI warning that an increase in attacks on banking applications by cybercriminals and fraudsters is likely, as consumers stuck at home during the COVID-19 pandemic rely more heavily on these platforms. And with recent research pointing to a marked distrust in banking communications among banking customers in the United Kingdom, it has never been as important for financial institutions to get the security of the mobile channel right.

“Current solutions to digital fraud have failed to alleviate consumer uneasiness around mobile banking security and have had a negative impact on the user experience,” said Christian Ali, SVP product, Entersekt. “Meanwhile, mobile malware is evolving fast, threatening to make the situation worse. If banks want to protect their customers from account takeover fraud and secure their futures in a disrupted marketplace, they must intelligently reengineer user and transaction authentication on the mobile channel as the first, crucial step on that path.”

Entersekt’s free-to-access whitepaper outlines the opportunities presented by mobile, as well as the new set of threats that arise from it, including the explosive rise of mobile malware, vulnerabilities stemming from poor app design and configuration, weaknesses in mobile device ID, as well as flawed authentication. Importantly, it also addresses the necessary balance of regulatory-compliant security and ease-of-use. In other words, how financial institutions can solve the security and user experience equation.

It then lays out the best practices to secure the mobile channel in order for organizations to take full control over their security. These include:

Avoiding reliance on SMS, OTPs, and native device security

Harnessing the power of public-key infrastructure on mobile phones

Building a second, secure channel for user transaction and authentication

Taking a layered approach to boost security for high-value, high-risk transactions

Involving customers in securing their transactions

Download Securing the mobile banking channel here.

About Entersekt

Entersekt is an innovator of mobile-first fintech solutions. Financial services providers and other enterprises rely on its patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel. Whether pursuing compliance through strong authentication and state-of-the-art app security or looking to meet consumer demand for on-the-go information sharing and payment capabilities, Entersekt’s clients always enjoy a competitive advantage. For more information on Entersekt, visit www.entersekt.com.

Contacts
Entersekt
Heather Thompson, SVP marketing and communications
021 815 2800




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MSCI 2020 Market Classification Review

LONDON -Thursday 25 June 2020 [ AETOS Wire ]

Warns on the potential reclassification of the MSCI Argentina Index
Notes the deterioration in investability of the MSCI Turkey Index
Reclassifies the MSCI Iceland Index from Standalone to Frontier Markets status
Announces monitoring of accessibility of the Nigeria, Lebanon and Bangladesh equity markets
(BUSINESS WIRE)-- MSCI Inc. (NYSE: MSCI), a leading provider of research-based indexes and analytics, announced today the results of the MSCI 2020 Market Classification Review and warned that the MSCI Argentina Index may be removed from the MSCI Emerging Markets Index if there is further deterioration in market accessibility.

“While volatility increased dramatically due to the COVID19 pandemic, global equity markets remained accessible and continued to function well, allowing issuers to raise capital and investors to manage risk during the crisis,” said Dimitris Melas, Global Head of Equity Research and Chairman of the MSCI Index Policy Committee. However, Dr. Melas added, “In the last 12 months, two important Emerging Markets, Argentina and Turkey, suffered substantial deterioration in market accessibility that could lead to their exclusion from the MSCI Emerging Markets Index.”

Potential exclusion of the MSCI Argentina Index from the MSCI Emerging Markets Index

MSCI announced today that it will continue consulting with market participants on the classification of the MSCI Argentina Indexes, as international institutional investors continue to be subject to stringent capital controls which were put in place in September 2019, making it impossible for international investors to access the domestic equity market.

“The MSCI Argentina Indexes remain replicable, as only foreign listings are currently eligible for index inclusion, but the imposition of the current capital controls is not in line with the market accessibility criteria of the MSCI Emerging Markets Indexes,” said Sebastien Lieblich, Global Head of Index Solutions and Chairman of the MSCI Equity Index Committee. Mr. Lieblich added, “The Argentinian authorities must realize that the prolonged application of capital controls or the introduction of further capital controls may force the reclassification of the MSCI Argentina Indexes from Emerging Markets status to either Frontier Markets or Standalone Markets status.”

MSCI will consult on the potential reclassification of the MSCI Argentina Index as part of the MSCI 2021 Market Classification Review. However, any event that results in further deterioration of market accessibility will prompt MSCI to remove the MSCI Argentina Indexes from Emerging Markets as soon as practicable.

Marked deterioration in investability of the MSCI Turkey Index

Additionally, MSCI announced that it may launch a consultation on a reclassification proposal for the MSCI Turkey Index to Frontier Markets or Standalone Markets status if the already deteriorating accessibility level of the Turkish equity market were to worsen further. As highlighted in the MSCI 2020 Market Accessibility Review released on June 17, 2020, the accessibility level of the Turkish equity market has been adversely impacted by the introduction of short selling and stock lending bans in October 2019 and February 2020, respectively. These bans severely restrict the ability of institutional investors to express active investment views and hedge portfolio risk.

MSCI Iceland Index reclassification to Frontier Markets status

MSCI also announced today that it will reclassify the MSCI Iceland Index from Standalone Markets to Frontier Markets status. The capital controls, including the Special Reserve Ratio, were removed on March 6, 2019. While certain reporting requirements for fund repatriation remain in place, based on feedback from market participants, this no longer materially impacts the accessibility of the Icelandic equity market for international institutional investors.

MSCI will include the MSCI Iceland Index in the MSCI Frontier Markets Index in one step coinciding with the May 2021 Semi-Annual Index Review. Based on the simulation using pro forma data as of June 18, 2020, this would lead to the inclusion of two securities in the MSCI Frontier Market Index (excluding Kuwait) with an estimated index weight of 5.24%. The simulated list of constituents for the MSCI Iceland Index in the MSCI Frontier Markets Index (excluding Kuwait) has been made available at https://www.msci.com/market-classification.

Accessibility issues in select Frontier Markets

Some market accessibility issues have been recently observed in select Frontier Markets. The Nigerian equity market has been impacted by the significant deterioration of liquidity in the Nigerian FX market. Lebanon has been subject to capital controls which were introduced in October 2019. The Bangladesh Securities and Exchange Commission (BSEC) introduced a floor price (set at the average of the closing price of the immediately preceding five trading days) applicable to all securities listed on the Dhaka Stock Exchange in March 2020, resulting in substantial drop in trading liquidity.

While such accessibility issues may be viewed by market participants as part of the inherent characteristics of Frontier Markets, these developments have a negative impact on the replicability of the indexes. Therefore, MSCI will continue classifying these markets as Frontier Markets until further notice, while applying a special treatment to potentially reduce the number of changes in the related indexes and mitigate the index replication concerns.

MSCI will not implement selected changes for any securities classified in Nigeria, Lebanon or Bangladesh in the relevant MSCI Country Indexes or in any derived indexes that contain these markets. This special treatment will apply to any potential changes that would be part of upcoming index reviews, as well as certain corporate event implementations. This treatment has been in effect for the MSCI Nigeria Indexes since May 13, 2020 and will be applicable to the MSCI Lebanon Indexes and the MSCI Bangladesh Indexes effective immediately.

MSCI welcomes feedback on the level of accessibility of equity markets in Nigeria, Lebanon and Bangladesh and will continue to monitor the situation. In the event of further deterioration of market accessibility, MSCI may reclassify the MSCI Nigeria Indexes, the MSCI Lebanon Indexes or the MSCI Bangladesh Indexes to Standalone Markets status as soon as practicable. MSCI would provide sufficient lead time prior to implementation and would consult with market participants about the details and timing of the reclassification.

The accessibility reports for Argentina, Iceland and Nigeria are now reflected in the MSCI 2020 Global Market Accessibility Review report available at https://www.msci.com/market-classification.

Reclassification of the MSCI Kuwait Index to Emerging Markets Status

As a reminder, MSCI will implement the reclassification of the MSCI Kuwait Indexes from Frontier Markets status to Emerging Markets status in one step coinciding with the November 2020 Semi-Annual Index Review (SAIR).

About MSCI

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 45 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.

The process for submitting a formal index complaint can be found on the index regulation page of MSCI’s website at: https://www.msci.com/index-regulation.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200623005903/en/

Contacts
Media Inquiries
PR@msci.com
Sam Wang +1 212 804 5244
Melanie Blanco +1 212 981 1049
Rachel Lai +852 2844 9315

MSCI Global Client Service
EMEA Client Service +44 20 7618.2222
Americas Client Service +1 888 588 4567 (toll free)
Asia Pacific Client Service +852 2844 9333

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Moody’s Analytics Wins Seven Risk Technology Awards

NEW YORK-Monday 29 June 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Moody’s Analytics has won seven categories in this year’s Risk Technology Awards. Five are repeat wins.

3 years in a row:

• Credit Data Provider of the Year
• Wholesale Credit Modelling Software of the Year

2 years in a row:

• Enterprise-Wide Stress Testing Product of the Year
• IFRS 9 – ECL Modelling Solution of the Year
• IFRS 9 – Enterprise Solution of the Year

First-time wins:

• Credit Stress-Testing Product of the Year
• Life and Pensions ALM System of the Year

“We’re honored to have earned seven Risk Technology Awards this year,” said Steve Tulenko, President of Moody’s Analytics. “It is particularly gratifying that these awards recognize both our longstanding capabilities, like credit data and modeling, and newer offerings like pensions ALM and IFRS 9 accounting.”

“We congratulate Moody’s Analytics on another fine showing,” said Antony Chambers, Publisher of Risk. “Seven awards is an impressive accomplishment and showcases their capabilities across credit, finance, regulatory, and accounting functions.”

The Risk Technology Awards recognize outstanding vendors helping the industry in the fields of ALM, credit, operational risk, and enterprise risk management. They are decided by a judging panel of technology users and the editors of Risk.net.

These wins add to our growing list of awards and industry accolades.

About Moody’s Analytics

Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us on Twitter and LinkedIn.

Moody's Analytics, Inc. is a subsidiary of Moody's Corporation (NYSE: MCO). Moody’s Corporation reported revenue of $4.8 billion in 2019, employs approximately 11,300 people worldwide and maintains a presence in 40 countries.

Contacts

JUSTIN BURSZTEIN
Moody’s Analytics Communications
+1.212.553.1163
justin.bursztein@moodys.com
Moody’s Analytics Media Relations

moodysanalytics.com
twitter.com/moodysanalytics
linkedin.com/company/moodysanalytics


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AMAALA Selects Mirage-Inspired Airport Design by Foster + Partners to Take Ultra-Luxury Destination to New Heights

The airport takes inspiration from its dramatic desert environment and will accommodate one million travellers per year on completion

Riyadh, Saudi Arabia-Wednesday 24 June 2020 [ AETOS Wire ]

AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coast, has unveiled plans for a new international airport, with a design inspired by the optical illusion of a desert mirage.

The terminal and control tower design was conceptualised by UK-based architectural and design firm Foster + Partners, while the airport master plan was designed by Egis, an international consultancy and engineering group. It will incorporate unique design practices, drawing inspiration from its location. The airport is due for completion in 2023 and is estimated to accommodate one million travellers per year once it officially opens.

Commenting on the announcement of the new international airport, the Chief Executive Officer of AMAALA, Nicholas Naples, said: “A gateway to AMAALA, visitors will be greeted by personalised experiences from the moment they step off the plane. From design to personalisation, this will be no ordinary airport. Immersed in the spirit of AMAALA, the airport will create an environment that embodies the philosophy of the destination beyond. This will be a unique space that personifies luxury and marks the start of memorable experiences for the world’s most discerning guests. We are delighted to work with Foster + Partners and Egis on this project.”                                                                                     

On approaching the airport, travellers will see stunning land art from the air. Entering the terminal, visitors will be greeted with a sleek mirrored edifice rising from the desert. The structure takes its inspiration from the surrounding environment, resulting in a mesmerising mirage effect. A spacious courtyard will anchor the terminal and will be complemented by contemporary interiors complete with unique artwork and tailored experiences. The airport will reflect AMAALA’s ultra-luxury hospitality spirit, providing an exclusive private-club experience perfectly encapsulating AMAALA’s pillars of art and culture; wellness and sport; and sea, sun, and lifestyle.

Among the list of amenities provided by the airport are climate-controlled hangars that will be available for private jets as well as a ground transfer service that is accessible from inside the arrival hangar.

Senior Executive Partner of Foster + Partners, Gerard Evenden, said, “Responding to the surrounding landscape, the terminal building will form an exclusive gateway to the AMAALA resort. The passenger experience through the entire building will be akin to a private members club – luxurious and relaxing. Focusing on the themes of art, wellbeing and sport, the design seeks to establish a new model for private terminals that provides a seamless experience from resort to aeroplane.”

Middle East & South Asia Aviation Director of Egis, Jacques Khoriaty, said: “Along with embodying the luxurious spirit of the resort, the AMAALA airport meets the highest environmental design and sustainability standards, is operationally versatile and incorporates the latest airport technology and best practice standards on offer. It has been a privilege to have worked closely with AMAALA to define the requirements of this unique project and we look forward continuing our support all the way through to the opening of the airport in 2023.”

For the airport video rendering, please visit here.

Contacts
Muneira Al Adwani

Senior Account Executive

Hill+Knowlton

E: muneira.aladwani@hkstrategies.com

T: +971 4 553 9543





Julia Gajcak

Head of Communications and Events

AMAALA

E: jgajcak@projects.pif.gov.sa

T: +966 53 258 0725

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Downies Collectables Switches to Rimini Street Support for Its SAP Applications

 Australian-based coin and collectables retailer reduces annual IT support costs by 50% and receives ultra-responsive, award-winning support



LAS VEGAS-Tuesday 23 June 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that Downies Collectables, one of the southern hemisphere’s largest online retail and auction sites for collectables and numismatic products, has shifted support for its SAP ECC system to Rimini Street Support. The company was not seeing a good ROI for the high support and maintenance costs they were paying the vendor, and needed a responsive support provider that would be available after standard business hours. By switching to Rimini Street Support, Downies Collectables immediately reduced its annual software support spend by 50% and has gained a premium-level, ultra-responsive 24/7/365 support model for its ERP system. Downies Collectables can also maintain its current system for a minimum of 15 years from the time that they switched to Rimini Street, with no required upgrades to remain in full support.

Saving Costs While Unlocking Superior, Around-The-Clock Support

Established in 1932 in Australia, Downies Collectables is a family business specializing in the auction and distribution of numismatics (coins, paper currency, and medals) and collectables, and one of the world’s largest distributors for the Royal Australian Mint and Perth Mint. Seven years ago, the company migrated its SAP system from Business One to ECC. During this time, the company lodged only a few support tickets, and mostly in the early days of the system’s operation. Downies Collectables realized it was paying expensive maintenance and support to the vendor for its robust ECC system, and they felt this was an unnecessary expense.

“We saw maintenance and support from SAP as an important insurance policy, but we were spending far too much on an annual basis for that peace of mind,” said Chris Sealey, Operations Director, Downies Collectables. “Even though we rarely used the support, it was only available during standard business hours. For a website with global reach, coupled with the vendor’s high support costs, we weren’t getting an assurance that we’d receive assistance when we needed it.”

“Rimini Street was brought to my attention by a network of people, and we discovered just how significant the savings would be if we made the switch. From there, the process to switch was smooth, and our discussions were always open with Rimini Street’s team – there were no agendas. And with Rimini Street, we now have access to a higher value, around-the-clock, personalized support for half the cost,” added Sealey.

Achieve IT Cost Optimization Goals While Maintaining Business Continuity

Rimini Street supports clients with uninterrupted service worldwide at all times, including during times of global disruption. Every Rimini Street client benefits from the company’s flexible, premium-level enterprise software support model, including its industry-leading Service Level Agreement (SLA) of less than 15-minute response times for all critical Priority 1 cases. Clients are also assigned a Primary Support Engineer (PSE), backed by a team of technical experts, who have an average of 15 years’ experience in the client’s particular enterprise software system.

“Organizations such as Downies Collectables realize that the annual cost of maintenance and support provided by the vendor is far too expensive for the value received and are increasingly looking at more cost-effective, higher service level options, especially during this time of economic uncertainty,” said Emmanuelle Hose, regional general manager, Australia and New Zealand, Rimini Street. “In a global economy, online operations need to be always on, which means 24/7/365 support is paramount. Our premium support model and industry-leading SLAs ensure that our clients are covered regardless of geography or support issue to ensure business continuity.”

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. Nearly 2,100 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries rely on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the duration of and economic, operational and financial impacts on our business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on May 7, 2020, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2020 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200622005380/en/

Contacts

Michelle McGlocklin
Rimini Street, Inc.
+1 925 523-8414
mmcglocklin@riministreet.com


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Sisvel Settles a Dispute With Arris and Ruckus and Provides a License Under Its Wi-Fi Patents

LUXEMBOURG-Tuesday 23 June 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Sisvel Group, Arris and Ruckus Wireless today announced that they have entered into a Wi-Fi patent license agreement, managed by Sisvel International S.A. Arris and Ruckus Wireless thereby join the growing list of companies around the world that have access to patents licensed by Sisvel Group, including portfolios owned by Hera Wireless S.A., Aegis 11, Enact IP S.A., Fraunhofer IIS, Orange S.A., Koninklijke KPN N.V., Columbia University and Mitsubishi Electronic Corporation, which include patents related to the IEEE Wi-Fi Standards.

The agreement between Arris, Ruckus Wireless and Sisvel settles a dispute related to Arris’s and Ruckus Wireless’s alleged infringement of a number of Wi-Fi patents held by Hera Wireless and Aegis 11 and it provides for a worldwide patent license covering the sale and distribution of certain Wi-Fi enabled Arris and Ruckus Wireless products.

The Hera portfolio originated with Sanyo Electric of Japan and the patents comprising the Aegis portfolio originated with LG Electronics. The Hera and Aegis portfolios are comprised of over 100 and 140 patents respectively and claim a large international coverage with filings in over 40 countries.

“We are pleased to conclude an agreement with Arris and Ruckus Wireless that reflects the strength of Hera’s and Aegis’s patent portfolio, and we are very happy to welcome them to our ever-growing family of licensees.” said Nick Webb, Managing Director of Sisvel Spain S.L.

About Sisvel

Sisvel International S.A. is the holding company of the Sisvel Group. Sisvel is a world leader in fostering innovation and managing IP. The group identifies, evaluates and maximizes the value of IP assets for its partners around the world, providing firms with a revenue stream which can be reinvested in innovation for the generation of future revenues. Sisvel has more than 35 years’ experience in the management of successful patent portfolios, including those relating to audio compression standards (MP3 and MPEG audio), as well as broadcasting and digital terrestrial television standards maintained by the Digital Video Broadcasting Project. Sisvel operates patent pools and joint licensing programs in the fields of mobile communication, wireless local area networking 802.11, video coding, digital video broadcasting, recommendation engines and broadband access to data networks.

For additional information, please visit: www.sisvel.com

Contacts

Media Contact Sisvel Group
Giulia Dini
Communications Manager
Tel: +34 93 131 5570
press@sisvel.com



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Modern Governance 12.0: Diligent Launches Modern Leadership to Help Organizations Build More Diverse and Inclusive Boards and Leadership Teams

Diligent Director Network Creates the Largest and Most Diverse Community of Board-Ready Executives; Creation of More than 50 New Board Roles for Diverse Candidates by Participating Leading Private Equity Firms; Partnership with Spencer Stuart to Post Board Roles on Diligent Director Network Platform



NEW YORK-Saturday 27 June 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Diligent Corporation, a leading modern governance company used by nearly 700,000 board directors and leaders, today introduced Modern Leadership – an initiative to provide senior leaders with the resources, insights, partnerships, and technology they need to further catalyze diversity in their organizations and modernize governance.

Diligent also announced today, Diligent Director Network – the largest and most diverse community of board-ready executives globally created to widen the pool of diverse candidates for a vacant board seat. With the Director Network, Diligent is:

    Activating Diligent’s network of nearly 700,000 board directors and leaders across 16,000 organizations to nominate diverse, board-ready executives to build a database of largely untapped talent that will be searchable free of charge within the Diligent application.
    Teaming up with leading private equity firms to post more than 50 board roles for increased visibility and transparency for diverse director candidates. The 10+ private equity firms that have each committed to posting five open board roles include Insight Partners, Clearlake Capital, Vista Equity Partners, Hellman & Friedman, Hg, Genstar Capital, TA Associates, K1 Investment Management, Aurora Capital Partners, and Grain Management.
    Partnering with Spencer Stuart, a leading executive search and leadership advisory firm, to post board searches in the Diligent application creating more transparency for diverse candidates to apply for those roles. Spencer Stuart has long recognized the value of board diversity – last year, minority executives and women comprised more than 60% of their placements in the U.S.
    Partnering with organizations that have a track record and mission for diversifying board rooms and executive suites – including The Executive Leadership Council, Ascend, Latino Corporate Directors Association, and National Association of Corporate Directors – to promote and create opportunities for their members.
    Opening an offer to Diligent’s clients to post open board and executive roles within Director Network for visibility and transparency for diverse rising directors.

“Diligent is committed to being a catalyst for greater diversity and inclusion, starting with the highest levels of leadership – and we are using our network of nearly 700,000 board directors and leaders to help drive that change,” said Brian Stafford, CEO of Diligent. “By increasing the number and visibility of diverse board members, truly changing composition from the top, we believe organizations will be able to better serve stakeholders and create long-lasting, positive change in the world. We hope other companies will join us to create more board and C-Suite opportunities for diverse talent.”

“There is no doubt that successful and visionary corporate leadership today requires diverse viewpoints, perspectives, and experiences that create a richer fabric for guidance and decision making, and Modern Leadership is meant to help organizations create their best futures,” continued Mr. Stafford.

The first job posting in the Director Network is from Diligent itself as the Diligent board of directors seeks to add an additional independent director, ideally with a racially diverse background.

There has never been a more pressing time for change and diversity in the U.S. and across the globe – and a more critical moment to identify and address a lack of diversity within the highest levels of leadership. Today, there are only four Black CEOs across Fortune 500 companies, representing less than 1% of the makeup. Additionally, 83.9% of all directors of Fortune 500 companies are Caucasian/White according to Deloitte. Modern Leadership intends to improve those numbers as Diligent and other companies actively measure and report on diversity as a part of their ESG strategy.

Modern Leadership will also include convenings of existing, rising, and next generation leadership to discuss actions to drive change in the boardroom and at the executive level.

Creating transparency around available board roles via partnerships with private equity

“In order to address social and economic justice, we need scalable solutions that speak to both Main Street and the boardroom,” said Robert F. Smith, Founder, Chairman and CEO of Vista. “We’re proud of the work Vista Equity Partners’ portfolio companies are doing to address access, equality, and building the talent pipeline, and we’re thrilled to also join Diligent's smart and scalable initiative to increase board diversity. This is the right way to empower corporations to make strides towards equality of opportunity. Vista proudly joins Diligent and its partners in taking this critical step along the path toward a more just and equitable future."

“Diligent’s Modern Leadership initiative aligns closely with the long-held principle at Clearlake that diversity drives differentiated outcomes,” said José E. Feliciano, Co-Founder and Managing Partner at Clearlake Capital. “It’s evident that the Diligent team, in tandem with the company’s industry partners, are committed to increasing diversity in leadership roles for the long-term. We are proud to partner alongside Diligent in what we hope will become a long list of our peers, as we collectively advocate and take the necessary steps to ensure a major change at the board level.”

“Insight firmly believes that diversity is a fundamental asset of high-performing boards,” said Deven Parekh, Managing Director at Insight Partners, who led the 2016 take-private of Diligent. “We’re committed to driving change within the software ecosystem and invested in Diligent because we believe its platform has potential to transform leadership. Diligent’s Director Network will enhance our board recruitment and executive search process in pursuit of better outcomes for our portfolio companies and our community. We are proud to not only participate in this initiative, but to help bring our fellow private equity peers to the boardroom table as well.”

"Grain Management was built on the principle that access is critical. The digital economy has the power to lift people up, bring people together, and level the playing field – but only if we harness technology to scale positive change. I admire how quickly the Diligent team built this new tool, to connect the supply of outstanding leaders and the demand among companies to diversify their boards,” commented David Grain, Founder and CEO of Grain Management. “I look forward to supporting this platform and benefiting from the diversity of thought, background and opinion that it helps inspire in the boards of our portfolio companies, and in companies all across the world."

Expanding the pool of diverse, board-ready candidates through partnerships with organizations whose mission is diversifying board rooms

“The Executive Leadership Council is committed to advancing the role and contributions of Black executives. This partnership with Diligent will provide our members even more visibility during the board and executive search process,” said Crystal E. Ashby, Interim President and CEO of The Executive Leadership Council. “We look forward to working together to increase the number of Black directors and executives at leading organizations.”

“There is an urgent need for more diverse board members and executives at companies around the world but change of this magnitude cannot be done alone,” said Esther Aguilera, President & CEO, Latino Corporate Directors Association. “We are excited to partner with Diligent to bring even more scale and speed to a systemic issue that is incredibly important to us and our members.”

“The Pan-Asian community is the fastest-growing population in the U.S., but approximately 70% of Fortune 1000 companies do not have the benefit of an Asian perspective in the boardroom,” stated Janet Wong, Ascend Pinnacle, Lead Executive Advisor. "Ascend is pleased to partner with Diligent to help companies tap into the broad network of talented Pan-Asian directors and executives to help ensure corporate leadership reflects their important perspectives.”

Modern Leadership is free of charge to Diligent Boards customers and designed to be inclusive of the broader community. Diligent welcomes all potential partners across diversity organizations, search firms, private equity and our clients to join in the effort to accelerate diversity in the boardroom by visiting www.diligentmodernleadership.com.

About Diligent Corporation

Diligent Corporation is the pioneer of modern governance, empowering leaders to turn effective governance into a competitive advantage. Leveraging unparalleled insights from a team of industry innovators, as well as highly secure, integrated SaaS technologies, Diligent’s industry-leading suite of solutions changes how work gets done at the executive and board levels. Leaders rely on Diligent to drive accountability and transparency, while addressing stakeholder and shareholder priorities. Its applications also help streamline the day-to-day work of board management and committees, and support collaboration and secure information sharing. Designed for both public and private sector organizations, Diligent is helping to usher in a new era of modern governance.

The largest global network of directors and executives, Diligent is relied on by more than 16,000 organizations and nearly 700,000 leaders in more than 90 countries. With an eye towards inclusivity and accessibility, Diligent serves some of the largest public governing bodies, including more than 50% of the Fortune 1000, 70% of the FTSE 100, and 65% of the ASX.

Contacts

Media Contact:
Nicholas Koulermos
Diligent@5wpr.com
646-843-1812

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The Estée Lauder Companies Announces the Promotion of Stéphane de La Faverie To Group President

NEW YORK-Saturday 27 June 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- This week, The Estée Lauder Companies (NYSE:EL) announced that Stéphane de La Faverie has been promoted to Group President, while continuing in his role as Global Brand President, Estée Lauder and AERIN. He will report directly to Fabrizio Freda, President and Chief Executive Officer in his role as Group President, and will continue to report to Jane Hertzmark Hudis, Executive Group President, for his Global Brand President responsibilities for Estée Lauder and AERIN. As Group President, Stéphane’s new portfolio of brands will include Jo Malone London, Aramis and Designer Fragrances, Le Labo, Darphin, Lab Series, By Kilian, Editions de Parfums Frédéric Malle, RODIN olio lusso and Prescriptives.

“Stéphane has extensive expertise leading brands, making him well suited to the significant leadership responsibilities of the Group President role,” said Fabrizio Freda. “As Global Brand President, Estée Lauder and AERIN, he has been the ideal leader to bring our company’s iconic namesake brand into an incredible phase of broad-based growth. His well-deserved promotion reflects his excellent track record of building and leading global brands, his expertise across categories and channels, and a keen understanding of local relevance.”

As Group President, Stéphane will oversee and drive ELC’s recently-announced third brand cluster, which is focused primarily on artisanal and luxury fragrances. In addition to the Company’s enterprise fragrance strategy, Stéphane will leverage his skin care expertise to drive differentiation for cult-favorite brands in this category, as well as opportunities in China and Travel Retail.

Stéphane was named Global Brand President of Estée Lauder and AERIN in July 2016, and his successful leadership has driven Estée Lauder’s tremendous global performance across demographics, regions and channels. Under his oversight, Estée Lauder continues to exercise its power of recruitment and loyalty around the world, with a special focus on Chinese consumers globally. The brand’s hero strategy continues to demonstrate its strength across existing, globally iconic franchises like Advanced Night Repair and Double Wear.

Stéphane’s unique ability to cultivate and honor the brand’s authentic roots while simultaneously connecting with consumers of all ages, backgrounds and ethnicities, has helped make Estée Lauder one of the world’s most beloved prestige beauty brands. He has continued to reinforce Estée Lauder’s aspirational positioning through elevated brand storytelling and disruptive partnerships including cult streetwear designer KITH and Japanese graffiti artist LADY AIKO.

Stéphane is a proactive leader who is passionate about talent development, always leading by example and constantly learning from his teams, both in New York and around the world. Prior to his time at Estée Lauder, Stéphane was Global Brand President, Origins and Darphin, where he led Origins’ rapid double-digit growth in China, while simultaneously reinvigorating the brand’s footprint in heritage markets such as North America through innovative retail capabilities. Notably, he has also played an important leadership role in the Company’s fragrance portfolio, having served as Senior Vice President/Global General Manager, Aramis and Designer Fragrances.

About The Estée Lauder Companies Inc.|
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M·A·C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By Kilian, BECCA, Too Faced and Dr. Jart+.

ELC-L
ELC-C
ELC-B

Contacts

Investor Relations:
Rainey Mancini
(212) 284-3049

Media Relations:
Jill Marvin
(212) 572-4438


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IDEMIA and Treezor Launch the First Eco-friendly Payment Card by Onlyone, a French Fintech Firm

• IDEMIA offers the payment card with the highest concentration of recycled PVC on the market

• Onlyone, acting on Treezor’s behalf, is the first French fintech to bring to market an environmentally friendly card

COURBEVOIE, France-Saturday 27 June 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- IDEMIA teamed up with Treezor over three years ago to develop a broad range of groundbreaking products like metal cards and new look / new-feel cards – colored layers, bushed metal finish, transparent - targeting key French neobanks and fintechs.

This collaboration between IDEMIA, the global leader in Augmented Identity and Treezor the French banking-as-a-service market leader, has today culminated in the launch of the first ever eco-friendly card by a fintech in France. This move ties in with both companies’ green initiatives while meeting consumer demand for sustainable solutions.

Backed by longstanding design, development and production know-how, IDEMIA was able to offer Treezor a low-natural-resource-consuming card without compromising at all on security or end-user convenience. As part of its environmental strategy, IDEMIA reaffirms its commitment to move away from today’s linear take-make-waste model and fundamentally rethink the way we design, use and reuse plastics.

Onlyone, first eco-friendly neobank1

Onlyone2, a startup that markets itself as the first ever genuinely environmentally friendly fintech, will be the first recipient of this new 85+% recycled PVC card that is due to be launched with its existing customers in September 2020.

“We strive to adopt green practices throughout our operations by going paperless and developing digital and eco-friendly bank card solutions. Bank cards are manufactured from industrial waste-based recycled PVC in line with circular economy principles, which seek to cut waste of natural resources and minimize industrial waste. IDEMIA also obtained “Environmental Claim Validation Summary” certification from its recycled PVC supplier “UL Environment Inc.” said Amanda Gourbault, Executive Vice-President for Financial institutions activities at IDEMIA.

"We are grateful Treezor and IDEMIA give us this amazing opportunity to be the first Fintech in France to offer an eco-responsible card. With this new card, we are laying the first brick in supporting our customers towards a low-carbon lifestyle" said Kamel Nait Outaleb, Co-founder and CEO of Onlyone.

“We are proud that Onlyone will issue this very first card that embraces our and Onlyone’s values and meets today’s consumer expectations. We are thrilled to have a chance to contribute to #Tech4Good who share what we are trying to achieve. A big thank you to IDEMIA for bringing its technological expertise” said Eric Lassus, Treezor cofounder and CEO.

About IDEMIA

IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space.

Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors.

With close to 15,000 employees around the world, IDEMIA serves clients in 180 countries.

For more information, visit www.idemia.com / Follow @IdemiaGroup on Twitter

About Onlyone:

Created at the end of 2018, Onlyone is an independent, 100% digital, ethical and positive impact Fintech. Founded by Kamel Naït-Outaleb, Amine Melouk and Matthias Rouberol, three experienced entrepreneurs in banking and digital, its mission is to create a different, more virtuous payment account model, in order to reposition the banking world at the heart of society and the realities of our time.

To meet social and environmental challenges, Onlyone is reinventing account management services, adapting them to help create a transparent and sustainable banking world. In addition to monitoring day-to-day account operations, Fintech enables its users to understand, monitor and reduce the environmental impact of their consumption thanks to an exclusive environmental impact score and change management tools. It also enables them to contribute to financing projects with a high social and environmental impact, such as carbon offsetting projects or the fight against malnutrition, in a simple way and at no extra cost. To find out more go to Onlyonecard.eu.

About Treezor

Éric Lassus and Xavier Labouret founded Treezor in 2016 and in 2019 sold it to French bank Société Générale. Today Treezor is a French white-label payment services fintech. The firm can market its services in Europe based on its electronic money operating license and its Mastercard principal member status. The firm manages the entire payment process via its platform encompassing purchase, card issue, Xpay, wire transfers, P2P, KYC and more. The firm dedicates a large proportion of its funds to developing new technologies and has 80-plus staff in Paris and Rennes. To learn more about Treezor, go to www.treezor.com, follow us on Twitter @TreezorBanking and on our LinkedIn page.

----------------------------

1 As defined by the French Prudential Supervision and Resolution Authority in its 2019 report titled “Neobanks seeking profits”, ‘neobank’ means Banking-as-a-Service platforms like Treezor.
2 Treezor payment services agent

Contacts

Press:
PR firm: Havas Paris
Hanna Sebbah
+33 (6) 63 73 30 30
idemia@havas.com


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Deutsche Telekom and Mavenir Collaborate to Validate Web-Scale Technologies for 5G StandAlone (SA) Core

RICHARDSON, Texas-Friday 26 June 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Mavenir, an industry leading end-to-end cloud-native network software provider, has announced that it has collaborated in successful lab testing of its containerized 5G Core solution, on Deutsche Telekom’s Cloud network infrastructure.

Mavenir’s 5G Core uses state of the art, web-scale technology and cloud-native principles providing support for 4G/5G combo-core functionalities.

In addition to 3GPP 5G functionality, the collaboration focused on automation, on-boarding, cloud native principles, CI/CD and other non-functional areas such as resiliency, fault tolerance and performance (load and stress tests).

Furthermore, together Mavenir and Deutsche Telekom have validated the combo nodes, with its 4G micro services, to validate seamless 5G to 4G handover on a next generation web-scale core.

“The move to 5G is a paradigm shift for our industry. To support 5G use cases and 5G scale and required automation, Mavenir has developed a cloud-native microservices-based 4G-5G combo-core,” said Pardeep Kohli, President, and CEO of Mavenir. “With the use of web-scale technologies, operators are capable of supporting new 5G subscribers and their existing 4G subscribers with the same solution.”

About Mavenir:

Mavenir is the industry's only end-to-end, cloud-native Network Software and Solutions/Systems Integration Provider for 4G and 5G, focused on accelerating software network transformation for Communications Service Providers (CSPs). Mavenir offers a comprehensive end-to-end product portfolio across every layer of the network infrastructure stack. From 5G application/service layers to packet core and RAN, Mavenir leads the way in evolved, cloud-native networking solutions enabling innovative and secure experiences for end users. Leveraging innovations in IMS (VoLTE, VoWiFi, Advanced Messaging (RCS)), Private Networks as well as vEPC, 5G Core and OpenRAN vRAN, Mavenir accelerates network transformation for more than 250+ CSP customers in over 140 countries, which serve over 50% of the world’s subscribers.

Mavenir embraces disruptive, innovative technology architectures and business models that drive service agility, flexibility, and velocity. With solutions that propel NFV evolution to achieve web-scale economics, Mavenir offers solutions to help CSPs with cost reduction, revenue generation, and revenue protection. www.mavenir.com

Contacts

Maryvonne Tubb
Mavenir PR

NA-Loren Guertin
MatterNow

EMEA-Kevin Taylor
GlobalResultsPR

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The Estée Lauder Companies Announces the Promotion of Jane Hertzmark Hudis To Executive Group President

NEW YORK-Friday 26 June 2020 [ AETOS Wire ]

-(BUSINESS WIRE)-- This week, The Estée Lauder Companies (NYSE:EL) announced that Jane Hertzmark Hudis has been promoted to Executive Group President, effective July 1, 2020. She will continue to report directly to Fabrizio Freda, President and Chief Executive Officer, The Estée Lauder Companies (ELC), with brand portfolio oversight of Estée Lauder, La Mer, Bobbi Brown, AERIN, Origins, Aveda, Bumble and bumble, Dr. Jart+ and Do The Right Thing.

As one of the most accomplished, visionary executives in the prestige beauty industry, Jane is highly regarded for her track record of building and leading global brands. In her elevated role, Jane’s portfolio reflects several of the highest growth areas of the Company, including skin care and driving success across China and APAC, as well as with Chinese consumers around the world.

“This well-deserved promotion recognizes Jane’s exceptional leadership across the Company,” said Mr. Freda. “Throughout her career, she has made a significant impact driving brand-building expertise, spearheading the elevation of marketing and talent, and leading her portfolio of brands to achieve outstanding broad-based growth across categories, regions and channels. I am grateful to Jane for all that she has done to drive the Company’s success and as an advisor to me, and I know that she will continue to lead and inspire us to even greater heights in the future.”

As an enterprise-wide leader, most recently as Group President, Jane has been the Company’s top skin care strategist, helping to drive expertise in this critical area. Today, Estée Lauder is the number one brand in skin care globally, and La Mer is the number one brand in luxury skin care globally. A champion of the Company’s hero franchise strategy, she has driven innovation and built iconic franchises including Estée Lauder’s Advanced Night Repair and La Mer’s Créme de La Mer. The outstanding results of her brands are a testament to her strategic vision, expertise in local relevance, exceptional talent for driving innovation in product and consumer marketing, and digital communication.

A passionate advocate of leadership development and inclusion and diversity throughout her career, Jane co-founded ELC’s Women’s Leadership Network in 2017 to inspire and engage women across the organization, helping them become exceptional leaders and mentors. In partnership with co-executive sponsors Tracey T. Travis, Executive Vice President and Chief Financial Officer and Sara E. Moss, Vice Chairman, Jane has expanded the Women’s Leadership Network to over 2,000 members globally, with local chapters in France and the United Kingdom.

Jane’s expertise has been widely recognized by many best-in-class organizations. She serves on the Board of Tiffany & Co. and as a Director of the Fashion Institute of Technology (FIT) Foundation, as well as on the Advisory Board of the Breast Cancer Research Foundation.

Prior to her promotion to Group President in 2016, Jane served for seven years as Global Brand President, Estée Lauder, where she led the brand’s modernization and digital evolution to attract a new generation of global consumers. She solidified Estée Lauder's position as a global leader in high-performance prestige skin care and makeup, growing net sales by more than 40 percent and establishing it as the number one brand in its prestige distribution in Asia. Preceding her leadership of Estée Lauder, Jane served in a number of key leadership roles at the Company, including President of Origins and BeautyBank, a brand innovation think tank she founded in 2003.

About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M·A·C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By Kilian, BECCA, Too Faced and Dr. Jart+.

ELC-C
ELC-B
ELC-L

Contacts

Investor Relations:
Rainey Mancini
(212) 284-3049

Media Relations:
Jill Marvin
(212) 572-4438


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Schlumberger Announces Expiration of Tender Offer for Any and All of Schlumberger Investment SA’s Outstanding 3.300% Senior Notes Due 2021

HOUSTON-Friday 26 June 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Schlumberger Limited (“Schlumberger”) today announced the expiration of the previously announced cash tender offer by Schlumberger Investment SA, an indirect wholly-owned subsidiary of Schlumberger (“SISA”), for any and all of SISA’s outstanding 3.300% Senior Notes due 2021 (the “Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase dated June 17, 2020 (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). The tender offer is referred to as the “Offer.” The Offer to Purchase and the Notice of Guaranteed Delivery are referred to together as the “Offer Documents.” The Offer expired at 5:00 p.m., New York City time, today, June 23, 2020 (the “Expiration Time”). As of the Expiration Time, valid tenders had been received (and not withdrawn) in the amounts set forth in the table below.

Title of Security	CUSIP Numbers	Principal Amount Outstanding	Principal Amount Tendered(1)	Percentage of Outstanding Amount Tendered(1)
3.300% Senior Notes due 2021	806854AB1 / US806854AB12 L81445AB1 / USL81445AB10	$1,600,000,000	$935,224,000	58.45%

(1) Excludes Notes tendered through the guaranteed delivery procedures set forth in the Offer to Purchase.

SISA expects to accept for purchase all Notes validly tendered and not validly withdrawn in the Offer, including Notes tendered in accordance with the guaranteed delivery procedures set forth in the Offer to Purchase. Payment for the Notes purchased pursuant to the Offer is intended to be made on June 26, 2020 (the “Settlement Date”).

The applicable “Tender Offer Consideration” will be $1,026.06 for each $1,000 principal amount of Notes, plus accrued and unpaid interest to, but not including, the Settlement Date, payable on the Settlement Date.

The Offer was made pursuant to the Offer to Purchase and the Notice of Guaranteed Delivery. D.F. King & Co., Inc. acted as the tender agent and information agent for the Offer. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as dealer managers and Standard Chartered Bank and UniCredit Capital Markets LLC acted as co-dealer managers for the Offer.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “see,” “likely,” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements regarding the terms and timing for completion of the Offer, including the acceptance for purchase of any Notes validly tendered and the expected Settlement Date thereof. Schlumberger and SISA cannot give any assurance that such statements will prove correct. These statements are subject to, among other things, the risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the Securities and Exchange Commission. Actual outcomes may vary materially from those reflected in Schlumberger’s forward-looking statements. The forward-looking statements speak only as of the date of this press release, and both Schlumberger and SISA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200623005923/en/

Contacts

Simon Farrant – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited

Office +1 (713) 375-3535
investor-relations@slb.com


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Brightcove Launches Industry-Leading Virtual Event Experiences Solution; Empowering Companies to Quickly and Easily Connect with Audiences Online

 New solution includes customizable, immersive, live, and always-on video experiences to help brands pivot physical events to virtual



BOSTON-Friday 26 June 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Brightcove Inc. (NASDAQ: BCOV), the world’s leading video technology platform, today announced Brightcove Virtual Event Experiences, a solution that allows organizations to deliver high-quality virtual events featuring bold, interactive experiences. Responding to a crucial market need, Brightcove Virtual Event Experiences enables organizations to host events with market-leading video technology to engage with audiences securely and reliably around the world.

The adoption of video communications in enterprise organizations is growing at a rapid pace. According to the recent Brightcove Global Video Index, in the first quarter of 2020, video views among enterprise companies increased by 91% year over year, with preliminary year-over-year data from April and May showing viewing increases of nearly 80% and 54%, respectively. Along with this adoption, many in-person events and meetings are moving to online video. With no timetable for the return of large-scale, in-person conferences and events, marketing and event professionals are looking for an in-person alternative, and they are turning to Brightcove for guidance. Recently, Brightcove technology has helped power critical B2B, B2C, and arts/entertainment events, helping organizations scale quickly, easily, and securely while reaching new audiences across the globe, including:

    ServiceNow Knowledge 2020
    DocuSign MomentumLive
    Talkdesk® Opentalk 2020 Virtual
    NAB Show Express with over 40,000 industry professionals accessing the event since its launch
    The Dropkick Murphys’ Streaming Outta Fenway concert joined by Bruce Springsteen with over 9 million live and on-demand views to date, raising over $700,000 for charity
    The Metropolitan Opera's At Home Gala, with more than 40 artists participating from around the world, was watched by more than 750,000 people

The need to engage with customers and prospects is as critical as ever, and organizations expect to deliver innovative and measurable experiences for their audiences in order to maintain communication and engagement. The Brightcove Virtual Events Experience solution empowers companies to take immediate action to ensure that their essential in-person events can continue virtually.

Features include:

    Branding and User Experience: Control the viewer’s experience and surrounding content by hosting on Brightcove.
    Increased Value for Sponsors: Demonstrate value to sponsors and exhibitors by offering integrated ads, complete with measurable and tangible analytics.
    Quality and Global Scale: Enable streaming video to global audiences in a secure environment.
    Security: Configure a variety of security options beyond password protection and geo-blocking, including SSO and integration with user management solutions.
    Expertise and support: Engage with Brightcove’s customer experience team and support organization to meet business objectives.

“Like most B2B companies, we had to quickly pivot from an in-person event to a virtual customer conference when COVID-19 hit. Our strategy was to embrace the remote reality but also to create an experience that felt like a performance and developed a sense of community,“ said Kathie Johnson, Chief Marketing Officer, Talkdesk. “To do this, we selected Brightcove as the platform and leveraged its integration partner Pigeonhole for the live polling and social interaction. One analyst who compared B2B customer conferences stated Opentalk 2020 virtual ‘struck the best balance of event duration, content, and engagement.’ The development process with Brightcove was seamless and the response to our program has been extremely positive.”

“The pandemic is video’s evolutionary moment, and as a result, video is now at the forefront of how we communicate with others, how we conduct business, and is enabling us to stay connected even when physically apart,” said Sara Larsen, Chief Marketing Officer, Brightcove. “Events are a place for information sharing, learning, business building, and networking. Now, more than ever, we need events to flourish and connect us in a virtual video experience. Brightcove Virtual Events Experiences allows organizations to deliver exceptional virtual events quickly and securely, without sacrificing the attendee experience. With this solution, we’re not only helping our customers adapt to the changing landscape but also allowing them to stay connected with their audiences with an engaging, innovative video-driven digital experience.”

For more information on Brightcove Virtual Event Experiences, visit: https://www.brightcove.com/en/solutions/virtual-event

About Brightcove Inc. (NASDAQ: BCOV)

We are the people behind the world’s leading video technology platform. With our award-winning technology and services, we help organizations in more than 70 countries meet business challenges and create strategic opportunities by inspiring, entertaining, and engaging their audiences through video.

Since Brightcove was established in 2004, we have consistently pushed boundaries to create a platform for people who are serious about video: one that is robust, scalable, and intuitive. Benefiting from a global infrastructure, unrivalled customer support, an extensive partner ecosystem, and relentless investment in R&D, Brightcove video sets the standard for professional grade video management, distribution, and monetization. To learn more, visit www.brightcove.com.

Contacts

Press Contact
Meredith Duhaime
Senior Public Relations Manager
Brightcove | 603-785-8518
mduhaime@brightcove.com


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