Inmarsat Unveils the Communications Network of the Future

 LONDON-Friday 30 July 2021 [ AETOS Wire ]

Inmarsat ORCHESTRA will enable ground-breaking new services in new places for global mobility customers in maritime, aviation, government and enterprise

The first-of-its-kind network will seamlessly integrate GEO, LEO and terrestrial 5G into one harmonious solution

(BUSINESS WIRE)-- Today, Inmarsat unveiled plans for ORCHESTRA, the communications network of the future. In the largest ever transformation of its current world-class services, Inmarsat ORCHESTRA will bring together existing geosynchronous (GEO) satellites with low earth orbit satellites (LEO) and terrestrial 5G into an integrated, high-performance solution.

Inmarsat unveils ORCHESTRA, the communications network of the future (Graphic: Business Wire)

Whether for a ship in a crowded port, an aircraft preparing to land at LAX, or a defence force deployed in a remote location, ORCHESTRA is designed to meet evolving connectivity needs in the mobility market with a service unmatched by any competitor offering, planned or in existence.

“An orchestra brings different instruments together, each supporting the other and playing its role in the masterpiece. We’re building ORCHESTRA on the same concept,” said Rajeev Suri, CEO of Inmarsat. “By combining the distinct qualities of GEO, LEO and 5G into a single network, we will deliver a service that is far greater than the sum of its parts. Our customers will benefit from dramatically expanded high throughput services around the world. This is the future of connectivity and Inmarsat is perfectly positioned to bring it to the world with its proven technology expertise, right base of customers and partners, and financial strength.”

ORCHESTRA will open up a host of new and previously unattainable possibilities for industries across the world. New services include close-shore navigation for autonomous vessels, next-generation emergency safety services for maritime crews, secure and tactical private networks for governments and direct-to-cloud connections for airlines. New segments set to benefit from ORCHESTRA include energy rigs and drilling platforms, mid-market business aircraft, coastal vessels, smart passenger ships and urban air mobility.

ORCHESTRA is unique because it draws together the benefits of multiple technologies to create one cohesive solution. LEO, GEO and terrestrial networks have never been combined at scale before to create a unified connectivity service for mobility customers. The result is a ‘dynamic mesh network’ that will deliver high-performance connectivity everywhere. Bringing together the lowest average latency and fastest average speeds with unique resilience, ORCHESTRA will eliminate the industry-wide challenge of congested network ‘hot spots’.

Inmarsat’s existing GEO satellites – both GX and L-band - will continue to provide global coverage, high performance, security and resilience. Terrestrial 5G adds ultra-high capacity in busy ‘hot spots’, such as ports, airports, and sea canals. A small constellation of LEO satellites will layer additional high capacity over further high-demand areas such as oceanic flight corridors. As a result, the network will offer the highest capacity for mobility users worldwide, and at ‘hot spots’.

The network will benefit from ‘dynamic mesh’ technology, which allows individual customer terminals to direct traffic to and from other customer terminals. This means that a ship within reach of a 5G ground station can receive ample capacity for its own needs as well as route capacity onwards to other vessels beyond terrestrial reach. This effectively creates a mobile web of terminals that extend the network’s reach and improve its performance and resilience.

“ORCHESTRA ensures Inmarsat is well positioned to deliver long-term, profitable growth by delivering new services to existing customers, targeting near-adjacent market segments, and maintaining a strong competitive position,” said Suri. “We have a record of adopting the right technology at the right time. We plan to focus initially on delivering the ORCHESTRA terrestrial network, while preparing for a future LEO constellation in the range of 150-175 satellites. This is a highly cost-effective approach that leverages Inmarsat’s leading GEO satellite networks as part of ORCHESTRA’s unique multi-layer architecture.”

The new approach means that Inmarsat can easily boost capacity in high-density areas such as ports and airports, ensuring customer needs continue to be met well into the future with capacity scaled directly to match their requirements. The initial five-year (2021-2026) total investment for ORCHESTRA is expected to be in the order of $100m.

ENDS

About Inmarsat

Inmarsat is the world leader in global, mobile satellite communications. It owns and operates the world’s most diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat’s long-established global distribution network includes not only the world’s leading channel partners but also its own strong direct retail capabilities, enabling end to end customer service assurance.

The company has an unrivalled track record of operating the world’s most reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety & operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners.

Inmarsat operates across a diversified portfolio of sectors with the financial resources to fund its business strategy and holds leading positions in the Maritime, Government, Aviation and Enterprise satcoms markets, operating consistently as a trusted, responsive and high-quality partner to its customers across the globe.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005443/en/

Contacts

Jonathan Sinnatt/ Matthew Knowles

Corporate Communications

Tel: +44 (0)20 7728 1518/1355

press@inmarsat.com

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Takeda and Frazier Healthcare Partners Announce Collaboration to Launch HilleVax, Inc. to Develop Clinical Stage Norovirus Vaccine Candidate

  Takeda Will Focus its Efforts on Dengue, Zika and Pandemic Vaccines



CAMBRIDGE, Mass. & MENLO PARK, Calif.-Saturday 31 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) (Takeda) and Frazier Healthcare Partners (Frazier) today announced a collaboration to launch HilleVax, Inc. (HilleVax), a biopharmaceutical company to develop and commercialize Takeda’s norovirus vaccine candidate. Takeda has granted a license to HilleVax for the exclusive development and commercialization rights to its norovirus vaccine candidate, HIL-214 (formerly TAK-214), worldwide outside of Japan, in exchange for upfront consideration, as well as future cash milestones and royalties on net sales. Takeda will retain commercialization rights in Japan and HilleVax will integrate certain Japan development activities into its global development. Takeda remains committed to vaccines, and this collaboration allows Takeda to focus its global resources on dengue, COVID-19, pandemic influenza and Zika, in addition to the vaccines it currently distributes in Japan.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210729005286/en/

HIL-214, which is a virus-like particle (VLP) based vaccine candidate, completed a randomized, placebo-controlled Phase 2b field efficacy study in 4,712 adult subjects in which HIL-214 was well-tolerated and demonstrated clinical proof of concept in preventing moderate-to-severe cases of acute gastroenteritis from norovirus infection.1 To date, the candidate has been studied in nine human clinical trials with safety data from over 4,500 subjects and immunogenicity data from over 2,000 subjects.

“Takeda and Frazier have a history of successfully partnering together, and we are confident in HilleVax’s capabilities to progress HIL-214, the most advanced norovirus vaccine candidate in development with the potential to address the huge global burden of norovirus-associated acute gastroenteritis,” said Rajeev Venkayya, M.D., President of the Global Vaccine Business Unit, Takeda. “This will allow Takeda to focus its efforts and resources on our dengue vaccine, which we have begun filing for licensure around the world, our pandemic programs, and our partnership with the US Government to develop a Zika vaccine.”

Norovirus is a common intestinal infection marked by diarrhea, vomiting, abdominal cramps, nausea and sometimes fever that may lead to clinically significant dehydration.2 Norovirus is recognized as the leading cause of acute gastroenteritis across the age spectrum.3 It is estimated that norovirus causes nearly 700 million cases of illness and more than 200,000 deaths worldwide per year with significant additional economic and social burden.3 No vaccines are currently approved for norovirus infection, and HIL-214 continues to be the most advanced norovirus vaccine candidate in human clinical trials.

“Following our successful partnership to form Phathom Pharmaceuticals, we are extremely pleased to partner again with Takeda to form HilleVax,” said Tachi Yamada, M.D., co-founder of HilleVax and Venture Partner with Frazier. “Norovirus causes significant morbidity and mortality as well as tremendous economic and social costs worldwide. We believe that HIL-214 represents an important opportunity to address this immense unmet need.”

Takeda’s Commitment to Vaccines

Vaccines prevent 2 to 3 million deaths each year and have transformed global public health. For more than 70 years, Takeda has supplied vaccines to protect the health of people in Japan. Today, Takeda’s global vaccine business is applying innovation to tackle some of the world’s most challenging infectious diseases, such as dengue, COVID-19, pandemic influenza and Zika. Takeda’s team brings an outstanding track record and a wealth of knowledge in vaccine development and manufacturing to advance a pipeline of vaccines to address some of the world’s most pressing public health needs. For more information, visit www.TakedaVaccines.com.

About Takeda Pharmaceutical Company Limited

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to discover and deliver life-transforming treatments, guided by our commitment to patients, our people and the planet. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Genetic and Hematology, 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 and regions. For more information, visit https://www.takeda.com.

About Frazier Healthcare Partners

Founded in 1991, Frazier Healthcare Partners is a leading provider of growth and venture capital to healthcare companies. With nearly $4.8 billion total capital raised, Frazier has invested in over 200 companies, with investment types ranging from company creation and venture capital to buyouts of profitable lower-middle market companies. The firm’s Growth Buyout team invests in healthcare and pharmaceutical services, medical products and related sectors. The Life Sciences team invests in therapeutics and related areas that are addressing unmet medical needs through innovation. Frazier has offices in Seattle, WA and Menlo Park, CA, and invests broadly across the US, Canada, and Europe. For more information about Frazier Healthcare Partners, visit the company's website at http://www.frazierhealthcare.com.

About HilleVax

HilleVax is a biopharmaceutical company focused on the development and commercialization of novel vaccine candidates. Its initial program, HIL-214, is a virus-like particle (VLP) based vaccine candidate in development for the prevention of moderate-to-severe acute gastroenteritis caused by norovirus infection. For more information about HilleVax, visit the company’s website at http://www.HilleVax.com.

Takeda Pharmaceutical Company Limited 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, including global health care reforms; challenges inherent in new product development, including uncertainty of clinical success and decisions of regulatory authorities and the timing thereof; uncertainty of commercial success for new and existing products; manufacturing difficulties or delays; 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/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.

References

1 Sherwood J, et al. Vaccine 2020; 38(41):6442-6449
2 https://www.cdc.gov/norovirus/index.html [accessed 2021 April 27].
3 Hall AJ, et al. Expert Rev Vaccines 2016;15(8):949-951

View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005286/en/

Contacts

Takeda Media Contacts:
Japanese Media
Ryoko Matsumoto
ryoko.matsumoto@takeda.com
+81 (0) 3-3278-3414

Media Outside Japan
Amy Atwood
amy.atwood@takeda.com
+1-774-571-3316

For HilleVax, Inc.:
David Socks
info@hillevax.com
+1-650-325-5156

For Frazier Healthcare Partners:
Liz Park
liz.park@frazierhealthcare.com
+1-650-319-1831


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Henley & Partners: Investment Migration: “We Need More, Not Less Immigration of People Who Contribute Positively to Society”

 LONDON-Friday 30 July 2021 [ AETOS Wire ]

BUSINESS WIRE)-- Henley & Partners Chairman Dr. Christian H. Kaelin says the significant worldwide expansion of investment migration, by which affluent individuals invest in other countries to acquire residence or citizenship, is simply unstoppable. Speaking at The World Ahead Gala Dinner hosted by The Economist in Athens last week, Dr. Kaelin stated that all over the world countries have realized the importance of residence and citizenship to attract much-needed foreign direct investment, debt-free capital, talented entrepreneurs, and experienced investors.

Dr. Kaelin, who is widely considered the pioneer and one of the world’s foremost experts in investment migration, shared the stage with Ireland’s Minister for Finance and President of the Eurogroup, Paschal Donohoe, and Greece’s Minister of Finance, Christos Staikouras, at the annual event to discuss the year ahead with government and business leaders.

Further accelerated by the need to alleviate the financial distress following the Covid-19 pandemic across the world, Dr. Kaelin pointed out that more and more countries are offering investment migration programs or introducing new options in order to attract highly sought-after talent and capital to support their economies and strengthen their ‘sovereign equity’. Dr. Kaelin coined the term ‘sovereign equity’ in 2019 in Davos to describe how investment migration has the ability to endow nations with sustainable investments in a relatively short time frame without them having to increase debt and thereby burden future generations – while gaining highly qualified and experienced entrepreneurs and investors as new residents or even citizens.

Dr. Kaelin stressed that, particularly in Europe, there is also a pressing need to introduce much more positive migration policies to manage the global refugee crisis constructively while also attracting international investors and talent. He acknowledged that although politically challenging, it also presents a tremendous opportunity for the EU. “We need more, not less immigration of people who contribute positively to society,” he told the audience.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005041/en/

Contacts
Media Contact
Sarah Nicklin
Group Head of PR
sarah.nicklin@henleyglobal.com
Mobile: +27 72 464 8965




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Mekitec Acquires Grupo Bimbo’s AI-Focused Subsidiary

 The acquisition bolsters the company’s X-ray inspection capabilities.

OULU, Finland-Friday 30 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Food quality control system manufacturer Mekitec Group acquired Grupo Bimbo subsidiary Kanan Smart Solution on July 15, 2021, including a software development team and local sales and service operations in Mexico.

This solidifies Mekitec’s place among the global leaders of X-ray inspection systems for baking companies and boosts the company’s market position throughout Latin America.

Grupo Bimbo has used Mekitec’s X-ray systems, powered by Kanan’s software solutions, for many years. Bimbo Ventures, Grupo Bimbo’s venture arm, will now enable Mekitec to grow faster and increase its focus on baking solutions.

In food inspection, X-ray systems are considered the most sustainable choice; they minimize waste and maximize traceability without compromising the main purpose, consumer safety.

“Traceability and artificial intelligence are significant drivers for the future of food safety,” says Antti Sivula, Mekitec Group’s CEO. “This acquisition is of major strategic importance for Mekitec, enabling us to lead the industry development globally. Having Bimbo Ventures as a partner and Grupo Bimbo as a customer means that our product development will always be fully aligned with the industry needs.”

Pablo Sánchez, CEO of Kanan and Principal at Bimbo Ventures adds: “AI is transforming food inspection and enabling our customers to deliver ever better products to their customers. We’re excited that together with Mekitec, we’ll be one of the creators of the next generation of inspection, starting with baking.”

ABOUT MEKITEC

Mekitec manufactures X-ray quality control systems for the global food industry and has provided over 1,000 systems in more than 40 countries. It employs 55 people worldwide with a revenue of USD 5.7 million.

www.mekitec.com

ABOUT Kanan Smart Solution

Kanan Smart Solution is a subsidiary of Grupo Bimbo that focuses on the development of artificial intelligence and X-ray inspection technology. It employs 13 people in Mexico with a revenue of USD 1.8 million.

www.kananss.com

ABOUT Grupo Bimbo

Grupo Bimbo is the largest baking company in the world. It has 203 bakeries and around 1,700 sales centers in 33 countries. It trades on the Mexican Stock Exchange (BMV) under BIMBO, and in the over-the-counter market in the United States with a Level 1 ADR under BMBOY.

www.grupobimbo.com/en

View source version on businesswire.com: https://www.businesswire.com/news/home/20210728005547/en/

Contacts

Antti Sivula

Chief Executive Officer, Mekitec

+358408435839

antti.sivula@mekitec.com

Heli Mehtälä

Marketing Manager, Mekitec

+358407177888

heli.mehtala@mekitec.com

Permalink : https://www.aetoswire.com/news/mekitec-acquires-grupo-bimborsquos-ai-focused-subsidiary/en

IWBI Collaborates with Leading Organizations to Launch WELL Enterprise Provider Designation

 WELL EPs integrate WELL solutions into their client services to advance health and well-being at scale

NEW YORK-Friday 30 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- The International WELL Building Institute (IWBI) today launched the WELL Enterprise Provider (WELL EP) designation for organizations that demonstrate expertise for delivering a comprehensive suite of WELL solutions at a portfolio or enterprise scale. WELL EPs guide their clients to identify and implement WELL strategies, helping companies meet their larger business objectives in areas such as environmental, social and governance (ESG) reporting, human and social capital management, and workplace strategy and policy.

Through this new program, IWBI and WELL EPs work together to more efficiently deliver the many benefits of WELL solutions across real estate portfolios and entire organizations. Companies granted the WELL EP designation offer their demonstrated expertise in WELL along with tailored resources to support the growing demand for enhanced health and well-being for employees, customers and communities.

“In the wake of the COVID -19 pandemic, the exponential growth of WELL adoption calls for innovative ways to deliver supportive services at scale,” said Rachel Hodgdon, President and CEO of IWBI. “We stood up the WELL Enterprise Provider pilot in collaboration with more than a dozen organizations worldwide to develop a solution to meet this market need.” Pilot participants included consulting firms, real estate companies and design and architectural practices.

“Co-creation with our community is a hallmark of IWBI’s development process,” she added. “We collaborated with pilot participants and drew heavily on their expertise in providing enterprise-scale services. Our new WELL EP network will seamlessly deliver WELL offerings, rapidly advancing our shared market transformation goals.”

Organizations that participated in the pilot included Ernst & Young LLP, CBRE, Cushman & Wakefield in the Americas, JLL, Savills China, ARUP, HOK, M Moser Associates, Environmental Market Solutions Inc. (EMSI), BEE Incorporations, Shanghai Research Institute of Building Sciences Co., Ltd (SRIBS), A SustainAble Production (ASAP), Ecoworks Studio, and En3 Sustainability Solutions. More information about the WELL EP program, including organizations already enrolled in the program, can be found here.

About the International WELL Building Institute

The International WELL Building Institute (IWBI) is a public benefit corporation and the world’s leading organization focused on deploying people-first places to advance a global culture of health. IWBI mobilizes its community through the administration of the WELL Building Standard (WELL) and the WELL Health-Safety Rating, management of the WELL AP credential, the pursuit of applicable research, the development of educational resources, and advocacy for policies that promote health and well-being everywhere. More information on WELL can be found here.

International WELL Building Institute pbc is a wholly owned subsidiary of Delos Living LLC. International WELL Building Institute, IWBI, the WELL Building Standard, WELL v2, WELL Certified, WELL AP, WELL Portfolio, WELL Portfolio Score, The WELL Conference, We Are WELL, the WELL Community Standard, WELL Health-Safety Rating, WELL Health-Safety Rated, WELL Health-Equity, WELL Performance, WELL Enterprise Provider, WELL EP, WELL and others, and their related logos are trademarks or certification marks of International WELL Building Institute in the United States and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005632/en/

Contacts

Press contacts:

Yan Tai

Liz Peters

media@wellcertified.com

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Velodyne Lidar Introduces Vella Development Kit for Building Autonomous Solutions

  New Software Toolkit Simplifies the Development of Lidar-based Applications 

SAN JOSE, Calif.-Friday 30 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a new software development kit which allows customers to utilize the advanced capabilities of Velodyne’s Vella lidar perception software in their autonomous solutions. The Vella Development Kit (VDK) enables companies to accelerate time to market for bringing cutting-edge lidar capabilities to autonomous vehicles, advanced driver assistance systems (ADAS), mobile delivery devices, industrial robotics, drones and more.

VDK helps companies use their development resources more efficiently by reducing the time and effort required to integrate 3D lidar sensors into applications. The Vella processing features included in VDK translate raw point cloud data into richer, more descriptive information in real time. These higher-level perception outputs, such as object classification, velocity measurement, semantic scene segmentation and obstacle detection, can be directly used by autonomous system developers without deep knowledge or expertise in lidar processing.

Backed by machine learning algorithms trained on the massive datasets built by Velodyne, Vella’s perception capabilities enable autonomous mobility today in a wide range of operational design domains, such as urban roadways, highways, sidewalks and warehouses. VDK was developed with input from automakers, application developers and the Automated with Velodyne ecosystem.

VDK is designed to leverage the unique, powerful capabilities of Velodyne’s latest solid state Velarray H800 and Velarray M1600 lidar sensors, with support for additional sensors being added with each release. Customers with an active maintenance subscription will gain access to every future release of VDK, which will continue to be updated with the latest hardware support and processing features that Vella has to offer.

“The Vella Development Kit supports customers through the entire autonomous solution development lifecycle, from testing and evaluating sensors, to building initial proofs of concept, to demonstrating complete applications,” said Vishal Jain, Vice President of Software Engineering, Velodyne Lidar. “VDK enables developers and integrators to see the world differently by connecting them to the complete array of robust perception capabilities provided by Vella. They also have ongoing access to all the latest innovations that result from Velodyne’s continued leadership deploying lidar solutions throughout the world. VDK demonstrates Velodyne’s prowess in providing revolutionary sensors and software that allow companies to create autonomous solutions which transform lives through the advancement of safer mobility.”

Velodyne plans to expand the Vella Development Kit offering in the near future with two additional versions. VDK Lite will offer a smaller set of the most essential processing features at a lower price point. VDK Enterprise will provide a full range of design customization, new feature development and support services for the most demanding customer applications.

The Vella Development Kit currently includes one year of support and software updates. There is also the option of ongoing maintenance, with access to additional software releases and services. To purchase the VDK, please contact Velodyne Sales at 669.275.2526, sales@velodyne.com.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, the global leader in lidar, is known for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality, and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com.

Forward Looking Statements

This press release contains "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, and competition. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," “can,” "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Velodyne's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include uncertainties regarding government regulation and adoption of lidar, the uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; Velodyne's ability to manage growth; Velodyne's ability to execute its business plan; uncertainties related to the ability of Velodyne's customers to commercialize their products and the ultimate market acceptance of these products; the rate and degree of market acceptance of Velodyne's products; the success of other competing lidar and sensor-related products and services that exist or may become available; uncertainties related to Velodyne's current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne's intellectual property; and general economic and market conditions impacting demand for Velodyne's products and services. For more information about risks and uncertainties associated with Velodyne’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to Velodyne as of the date hereof, Velodyne undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005113/en/

Contacts

Velodyne Investor Relations

InvestorRelations@velodyne.com

Media

Codeword

Liv Allen

velodyne@codewordagency.com

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PIC Group Awarded O&M Support Services Agreement for a New Refinery in Nigeria

 ATLANTA-Thursday 29 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Having operated and maintained assets, deployed and trained workforces in remote locations around the world, and building on years of experience in Nigeria, PIC Group has entered into a 5-year service agreement with Azikel Petroleum Ltd. for the new Azikel Refinery to be located in Yenagoa, Bayelsa State, Nigeria. Under the terms of the agreement, PIC Group will provide Operations and Maintenance (O&M) support services including site-specific integrated operation & maintenance procedures, a systematic approach to training as well as operational support in the form of oversight and mentoring of refinery personnel by PIC Group’s specialists. PIC Group’s thorough and sustainable qualification programs combined with a comprehensive approach to organizational development will enable the new Azikel Refinery to efficiently transition from commissioning and startup through to full operation as well as facilitate staff localization for the new 12,000 bpd hydroskimming refinery.

“PIC Group’s O&M experience, approach to site-specific qualification programs and precise site-specific procedural documentation, creates a consistent base of knowledge for the Azikel Refinery to improve efficiency, and ensure reliable, consistent, safe operation,” said Ian Anderson, Executive Director and VP Refinery at Azikel Petroleum.

“PIC Group’s systematic methodology for knowledge transfer embraces Azikel’s vision of self-performance and will empower the local community to lead the long-term operation of the facility while maintaining operational readiness and regulatory compliance across the lifecycle of the refinery,” said Frank Avery, President and CEO at PIC Group.

Dr. Eruani, Group President said, “Training of our staff was of paramount importance to Azikel in our selection of the O&M services contractor, and we are very pleased with the comprehensive program proposed by the PIC Group.”

About Azikel Petroleum Ltd.

Azikel Petroleum Ltd. is part of the Azikel Group, a privately owned company involved in dredging, aviation, power generation and petroleum businesses supporting the infrastructure development of Nigeria. Established in 2008, the company’s focus is in the industrialization, employment, and the development of human capital with a geographic focus in the Niger Delta region of the country.

About PIC Group

Founded in 1988, PIC Group, Inc. is dedicated to delivering value by providing global energy services to facilities across four continents – North America, South America, Asia and Africa. PIC Group provides O&M Services (Care, Custody and Control), Commissioning and Startup, Documentation & Training and Staffing services and serves the power generation, oil and gas, petrochemical, pulp and paper and manufacturing industries.

PIC Group, Inc. is a wholly owned subsidiary of Marubeni Corporation, a Fortune Global 500 Company. Marubeni is a major Japanese sogo shosha (international trading company) and the third largest global independent power producer (IPP).

(www.picgroupinc.com)

About Marubeni

Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business including consumer products, food, agriculture, chemicals, energy and metals and power business machinery and infrastructure.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005989/en/

Contacts

Douglas Shuda, Marketing Director

678-627-4142

douglas.shuda@picgroupinc.com

Permalink : https://www.aetoswire.com/news/pic-group-awarded-oampm-support-services-agreement-for-a-new-refinery-in-nigeria/en

EML Awarded Northern Ireland Government Tender For AU$273million Economic Stimulus Solution

 EML partners with Mastercard for a major COVID-19-related fiscal stimulus programme to benefit the people of Northern Ireland.


BRISBANE, Australia-Friday 30 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- EML Payments (ASX: EML) (S&P/ASX 200) is delighted to win a tender to disburse an AU$273million economic stimulus boost to the citizens of Northern Ireland through Mastercard prepaid cards. The new High Street Scheme (HSS) will provide everyone resident in Northern Ireland, aged 18 and over, with a prepaid card worth £100 to spend in local businesses. It follows the innovative, world-first card-based stimulus solution that EML and Mastercard developed for the Government of Jersey in 2020.

Pictured in Carrickfergus, County Antrim: Far left, Lee Britton, CEO Europe at EML, centre with card, Gordon Lyons, Northern Ireland's Minister for the Economy, and second from right, Sarah Cunningham, Vice President and Lead at Mastercard’s Dublin Technology Hub. (Photo: Business Wire)

''This scheme is a key element of my Department’s Economic Recovery Action Plan and will give a very welcome boost to our high streets, which were hard hit by the COVID-19 pandemic,'' commented Gordon Lyons, Northern Ireland's Minister for the Economy.

''Using our payment technology, the Northern Ireland Government can determine how much, where and over what timeframe taxpayers’ funds can be spent, maximising the impact and benefits for the communities and businesses in which they are trying to reach,’’ explained Kelly Devine, Divisional President, UK and Ireland at Mastercard.

''Our award-winning economic stimulus product trusted by governments worldwide will help to boost the Northern Ireland economy by AU$273million,'' stated Lee Britton, CEO Europe at EML.

EML is committed to helping governments worldwide to get money to people who need it most - fast. Most recently, citizens in the United States, the United Kingdom, Jersey, Australia, Spain, Italy and Finland have been assisted with innovative Disbursement-as-a-Service (DaaS) payment solutions across 562 EML initiatives.

About EML Payments

EML provides an innovative payment solutions platform, helping businesses all over the world create awesome customer experiences. Wherever money is in motion, our agile technology can power the payment process, so money can be moved quickly, conveniently and securely. We offer market-leading programme management and highly skilled payments expertise to create customisable feature-rich solutions for businesses, brands and their customers.

Come and explore the many opportunities our platform has to offer by visiting us at: EMLPayments.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005550/en/

Contacts

Sarah Bowles, Group Chief Digital Officer
EML Payments Limited (ASX: EML)
sbowles@emlpayments.com
+61 439 730 968

Marie O’Riordan, Global Director of Public Relations
EML Payments Limited (ASX: EML)
marie.oriordan@emlpayments.com / pr@emlpayments.com
+353 46 94 2010 9 / +44 207 183 5856

Permalink : https://www.aetoswire.com/news/eml-awarded-northern-ireland-government-tender-for-au273million-economic-stimulus-solution/en

Quanergy’s 3D LiDAR Helps Waste Incineration Plant Optimize Recycling Process and Reduce Environmental Impact in China

 SUNNYVALE, Calif. -Thursday 29 July 2021 [ AETOS Wire ]

LiDAR-based IoT solution provides 3D modeling of waste piles to optimize the recycling process while reducing the plant’s environmental impact.

LiDAR data enables waste density measurement solution to prioritize waste incineration.

Quanergy’s LiDAR sensors feature industry-leading accuracy and 3D point cloud density.

(BUSINESS WIRE)-- Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced a new smart LiDAR deployment automating waste plant operations, to ensure process efficiency and minimize the environmental impact of a waste-to-energy incineration plant in China.

Deployed in collaboration with Hunan University, one of China’s top engineering research universities, and Hunan Qiaokang Bridge Health Intelligent Technology for Puxiang Bioenergy, Quanergy’s high accuracy M-Series 3D LiDAR sensors were applied to scan the surface of the waste piles at the incineration plant and create a 3D point cloud image, to accurately calculate the volume of the waste. The LiDAR solution from Quanergy features industry-leading high accuracy, through its angular resolution of 0.033 degrees, and point cloud density of up to 1.3 million points per second.

Through accurate volume data, the waste plant can estimate the density of the waste and apply estimation logic to determine the calorific value. For example, dry waste is less dense and has a higher calorific value than wet waste. With this rich and accurate 3D data, the recycling station can now effectively prioritize burning high calorific value dry fuels while giving wet wastes more time to dry out. This both improves overall efficiency and reduces carbon emissions.

“The data from Quanergy’s LiDAR sensors allows us to generate digital data sets that we can then use to optimize and scale the waste recycling process throughout an entire city and beyond,” said Professor Xiaogang Zhang, Deputy Dean of School of Electrical & Information Engineering, Hunan University. “A powerful industrial IoT application, the data from Quanergy’s sensors also gives insight into the operation of the power plant to monitor, measure, and predict the amount of power that can be generated from waste incineration.”

"Before LiDAR, there was no way to accurately measure the volume and density of the waste, critical data points for accurate calorific value estimation," said Enzo Signore, CMO at Quanergy, “3D LiDAR opens up clear and valuable insights that were previously inaccessible in the 2D world, not only improving operational efficiency, but also making the air cleaner and healthier by reducing emissions.”

In addition to their accuracy, Quanergy’s 3D LiDAR sensors are robust and reliable, even in the harsh conditions of the incineration plant, providing over 60,000 hours of mean time between failure (MTBF). The sensors can be installed in any environment, indoor or outdoor, and provide reliable performance regardless of ambient lighting conditions. Furthermore, the solution can be easily scaled, compounding its value for the city.

For more information, visit www.quanergy.com

In June, Quanergy entered into a definitive merger agreement with CITIC Capital Acquisition Corp. (NYSE: CCAC) (“CCAC”). Upon closing of the transaction, the combined company will be named Quanergy Systems, Inc. and is expected to be listed on the New York Stock Exchange (NYSE) under the ticker symbol “QNGY.” The transaction is expected to close in the fourth quarter of 2021, subject to satisfaction of customary closing conditions.

About Quanergy:

Quanergy is a Silicon Valley-based technology company that brings affordable, smart LiDAR and 3D perception technologies to the market. Its mission is to create powerful, affordable smart LiDAR solutions for automotive and IoT applications to enhance people’s experiences and safety. Quanergy has developed the only true 100% solid state CMOS LIDAR sensor built on optical phased array (OPA) technology to enable the mass production of low-cost, highly reliable 3D LiDAR solutions. Through Quanergy’s smart LiDAR solutions, businesses can now leverage real-time, advanced 3D insights to transform their operations in a variety of industries including industrial automation, physical security, smart cities, smart spaces, and much more. Quanergy solutions are deployed by over 350 customers across the globe. For more information, please visit us at www.quanergy.com.

Forward-Looking Statements

This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “project,” “anticipate,” “will likely result” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, including those regarding the implementation of 3D LiDAR solution in collaboration with Hunan University and Hunan Qiaokang Bridge Health Intelligent Technology for Puxiang Bioenergy, CCAC’s ability to consummate the proposed business combination, anticipated timing of the proposed business combination, and the combined company’s future products are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of CCAC and Quanergy and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CCAC or Quanergy. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the shareholders of CCAC or Quanergy is not obtained; the inability to complete the PIPE offering in connection with the business combination; failure to realize the anticipated benefits of the proposed business combination; risk relating to the uncertainty of the projected financial information with respect to Quanergy; the amount of redemption requests made by CCAC’s shareholders; the overall level of consumer demand for Quanergy’s products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the ability to maintain the listing of Quanergy’s securities on the New York Stock Exchange; the financial strength of Quanergy’s customers; Quanergy’s ability to implement its business strategy; changes in governmental regulation, Quanergy’s exposure to litigation claims and other loss contingencies; disruptions and other impacts to Quanergy’s business, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of Quanergy’s suppliers, as well as consumer demand for its products, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact that global climate change trends may have on Quanergy and its suppliers and customers; Quanergy’s ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, Quanergy’s information systems; fluctuations in the price, availability and quality of electricity and other raw materials and contracted products as well as foreign currency fluctuations; Quanergy’s ability to utilize potential net operating loss carryforwards; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. The foregoing list of potential risks and uncertainties is not exhaustive. More information on potential factors that could affect CCAC’s or Quanergy’s financial results is included from time to time in CCAC’s public reports filed with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K as well as the other documents CCAC has filed, or will file, with the SEC, including the final amended registration statement on Form S-4 that will include proxy statements/prospectus that CCAC will file with the SEC in connection with CCAC’s solicitation of proxies for the meeting of shareholders to be held to approve, among other things, the proposed business combination. If any of these risks materialize or CCAC’s or Quanergy’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither CCAC nor Quanergy presently know, or that CCAC and Quanergy currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect CCAC’s and Quanergy’s expectations, plans or forecasts of future events and views as of the date of this press release. Neither CCAC nor Quanergy gives assurance that either CCAC or Quanergy, or the combined company, will achieve its expectations. CCAC and Quanergy anticipate that subsequent events and developments will cause their assessments to change. However, while CCAC and Quanergy may elect to update these forward-looking statements at some point in the future, CCAC and Quanergy specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing CCAC’s or Quanergy’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005789/en/

Contacts

Media Contact

Neal Stein

Media@quanergy.com

Investor Relations

QuanergyIR@icrinc.com

Permalink : https://www.aetoswire.com/news/quanergyrsquos-3d-lidar-helps-waste-incineration-plant-optimize-recycling-process-and-reduce-environmental-impact-in-china/en

Acronis introduces Advanced File Sync and Share, enabling MSPs to strengthen their work collaboration services

 New advance pack boosts MSPs’ services by extending Acronis Cyber Protect Cloud’s essential file sharing service with electronic signatures, blockchain-based notarization, and compliance-enabling data security

Dubai, UNITED ARAB EMIRATES-Thursday 29 July 2021 [ AETOS Wire ]

Acronis, the global leader in cyber protection, today announced a new advanced protection pack for its service provider solution, Acronis Cyber Protect Cloud. The new Advanced File Sync and Share pack builds on the essential file-sharing capabilities included in Acronis Cyber Protect Cloud, layering additional data security capabilities such as blockchain-based data notarization and electronic signatures so service providers can strengthen their workplace collaboration services.

Demand for secure file sync and share services has skyrocketed during the past 18 months as 88% of organizations worldwide required employees to work from home and the same percentage of employees expect to keep working remotely to some degree. As a result, 67% of businesses spent more on remote tools and web conferencing. 

While those trends create opportunities for managed service providers (MSPs) that deliver IT to small- to medium-sized businesses, the challenge is that traditional file sharing solutions do not address the data protection concerns of modern organizations – including control over storage locations, access to data, and what people can do with that data. 

“Every survey and trend indicates remote work is here to stay, so MSPs need a way to keep client employees productive and safe when accessing and sharing valuable company data,” said Jan-Jaap “JJ” Jager, Board Advisor and Chief Revenue Officer at Acronis. “Unlike traditional file sharing solutions that are not built for service providers, Acronis Cyber Protect Cloud with Advanced File Sync and Share delivers a secure work collaboration service that empowers MSPs with multi-tiering and multi-tenancy.

And since it’s integrated with our full range of backup, cybersecurity, and endpoint protection management, partners can deliver it all through a single management console.”

Acronis Cyber Protect Cloud gives essential cyber protection capabilities to managed service providers (MSPs) that they can build their services on – including file sync and share on a pay-as-you-go basis. The new Advanced Files Sync and Share pack empowers them with enhanced data security that traditional work collaboration solutions do not offer:

File notarization, powered by the Ethereum blockchain, enables clients to notarize files of any format and type, providing irrefutable proof that a file is original and unaltered. In a world where criminal use of digital editing and deepfake technology for fraud and forgery is rapidly accelerating, such notarization eliminates the risk of logs, records, videos, or images being altered.

Electronic signatures, which enable multiple people to sign a document remotely. The simple drag-and-drop feature helps clients along every step of their document flow – from creation to distribution to signature. The eSigning service also creates a blockchain-based certificate to ensure the authenticity of the signature and document.

In both cases, the blockchain-based certificate creates an immutable audit trail, ensuring data authenticity. Combine that with the ability to select where client data is stored, and MSPs have all they need to deliver the compliance, data sovereignty, and performance required by clients in even the most regulated industries.

“At Mindfire Technologies, we are very excited for the new advanced protection pack of Acronis Cyber Product Cloud,” said Mr. Rejeesh Kumar, VP - Technology & Strategies at Mindfire Technologies. As a business partner, it does not only help us, but also helps provide our clients with the services they need. Cyber protection has become a priority and the advanced file sync and share pack will give them the peace of mind they need when it comes to securely sharing and accessing key data”.

Additional enhancements announced

The launch of Advanced File Sync and Share is part of the regular monthly enhancements made to Acronis Cyber Protect Cloud, which ensure service providers can offer the most complete and up-to-date cyber protection possible. Other improvements announced include:

Full support and integration with VMware vCloud Director. Cloud providers hosting with vCloud Director can now offer Acronis Cyber Protect Cloud’s full range of cyber protection capabilities, with no client-side deployment and per-tenant reports for flexible billing.

Proactive notifications after Microsoft 365 data recovery. Clients can react quickly with proactive notifications following the recovery or downloading of backed-up data on Microsoft 365.

“Restore Operator” role for Microsoft 365/Google Workspace. MSPs can protect client data and prevent accessibility when assigning the “Restore Operator” role, which allows the assignee to recover data on behalf of the client/user without providing access to the content.   

Advanced audit trail in eSignature certificate. Service providers can know the exact status of a document by viewing a detailed audit trail and tracing the flow of actions within the signature certificate.

Easily and selectively restore backed-up pictures and videos for Android 2.3.0. Saves time by restoring only the pictures or videos needed by quickly and easily selecting multiple files at once; by days, sequentially.

Backup slice management for Android 2.3.0. MSPs can view, select, delete, or restore any mobile backup slices of their choice through this intuitive slice management capability.

New third-party integrations

Service providers need to build their offering using the tools that work for them. That’s why, to ease their administrative efforts, Acronis Cyber Protect Cloud is integrated with the commonly used RMM and PSA tools IT service providers rely on. As part of the July 2021 enhancements announced, the company also revealed four new integrations, including ConnectWise Command, Jamf Pro, CloudBlue PSA, and Matrix42. 

“FixIT Computer Technologies is a user of Acronis Cyber Protect Cloud and it really helps us help our clients with the cyber protection services that are required. This new advanced protection pack is a great addition,” said Jaison Mathew, MD at [FixIT Computer Technologies LLC]. “Cyber protection is a must for our clients, and the Advanced File Sync and Share pack ensures that they can securely share and access sensitive data at all times”.

Any service provider interested in learning more about Acronis Cyber Protect Cloud with Advanced File Sync and Share is encouraged to view a demonstration at the Acronis Demo Center or go to https://www.acronis.com/en-us/products/cyber-protect/.

To learn more about Acronis Cyber Protect Cloud, please register to attend the Acronis #CyberFit Summit World Tour 2021, kicking off in Miami, Florida on October 25, 2021.

About Acronis

Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions. With award-winning AI-based antimalware and blockchain-based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on-premises – at a low and predictable cost.

Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 1,600 employees in 34 locations in 19 countries. Its solutions are trusted by more than 5.5 million home users and 500,000 companies, including 100% of the Fortune 1000, and top-tier professional sports teams. Acronis products are available through 50,000 partners and service providers in over 150 countries in more than 40 languages.

Contacts

For Media Enquiries please contact Matrix PR

Shirin Zemmo: Shirin@matrixdubai.com

Krishika Mahesh: Krishika@matrixdubai.com 

Or call 04 343 0888

Permalink : https://www.aetoswire.com/news/acronis-introduces-advanced-file-sync-and-share-enabling-msps-to-strengthen-their-work-collaboration-services/en

Everbridge Launches Industry’s First Global Critical Event Management (CEM) CertificationTM Program with Formalized Standards for Enterprise Resilience

 Discover, Goldman Sachs, NBCUniversal, Dow and Alexion among FORTUNE 500TM leaders earning prestigious Best in Enterprise ResilienceTM designation through rigorous CEM CertificationTM benchmarking

BURLINGTON, Mass.-Thursday 29 July 2021 [ AETOS Wire ]

BURLINGTON, Mass.--(BUSINESS WIRE)-- Everbridge, Inc. (NASDAQ: EVBG) today announced the industry’s first Critical Event Management (CEM) Certification™ Program for assessing an organization’s enterprise resilience. Developed from 20 years of professional services engagements across tens of thousands of projects in over 150 countries and facilitating tens of billions of critical interactions, Everbridge’s proprietary CEM Standards FrameworkTM and related certification process offer organizations an end-to-end methodology for evaluating and benchmarking enterprise resilience preparedness. Businesses who achieve CEM CertificationTM status follow proven industry best practices for enterprise resilience to keep their people safe and organizations running, faster.

As a part of the launch of the CEM Certification program, several vertical-industry leaders including FORTUNE 500 companies and multi-national corporations have engaged in the evaluation and benchmarking process. Representative organizations awarded the prestigious Best in Enterprise ResilienceTM designation include financial services giants Discover and Goldman Sachs, mass media and entertainment conglomerate NBCUniversal, multi-national chemical corporation Dow, and global pharmaceutical leader Alexion. These organizations met or surpassed benchmarks in key measurable areas, demonstrating their commitment to enterprise resilience across digital and physical domains.

“Discover’s certification by Everbridge confirms our company’s commitment to keep our employees safe and to ensure that we have an effective business continuity program in place,” said Brad Earman, Security and Intelligence Operations, Discover.

Everbridge’s CEM Standards Framework anchors the certification process, which examines an organization’s capabilities across key competencies. The Best in Enterprise Resilience™ designation validates best practices in Critical Event Management (CEM). A strong CEM program helps organizations make better strategic data-driven decisions, enables and protects revenue streams, increases profitability through expense efficiencies, bolsters brand and reputation, drives operational improvements, and fulfills Duty of Care.

Categories for potential certification include keeping people safe, maintaining business continuity and operational uptime, optimizing supply chain and supply routes, advancing the interconnectivity, efficiency and safety of smart buildings and the internet of things (IoT), and safeguarding an organization’s brand and reputation through resilient and responsive IT systems in an increasingly virtual world.

Led by the Everbridge Professional Services team, the assessment of these categories leverages the culmination of over 500,000 hours of consultation to several thousands of the world’s largest companies and institutions, helping to keep people safe in over 1,500 municipalities, counties, cities, states and countries in every major region of the world including Europe, Asia, Oceania, the Middle East, Africa, and the Americas. Any organization (including non-Everbridge customers) can participate in the certification assessment process, which typically takes place over a three- to five-week period.

Becoming CEM Certified™ provides organizations with the following benefits:

Benchmark performance against industry peers, including areas of strength and opportunities for improvement

Improve resilience planning, budgeting and resource allocation

Drive strong return on investment through targeted initiatives

Demonstrate a commitment to enterprise resilience and duty of care, instilling trust among employees, partners, customers, and investors

Recruit and retain top talent

Formalize recognition at the organizational level for global leadership in enterprise resilience

Reward individual achievement via employee certifications on professional profiles

CEM Certification provides an organization’s employees, customers, and stakeholders with the confidence their company stands at the forefront of digital transformation and operates from a position of enterprise-wide resilience. Upon achieving Best in Enterprise Resilience™ status, a certification medallion signals to vendors, partners, and customers the validation of a decidedly ‘resilient’ organization.

Re-certified on an annual basis, the Best in Enterprise Resilience™ seal and blockchain-certified digital asset (similar to a non-fungible token – NFT), irrevocably and permanently secures this elite digital award in cyberspace. Legendary design firm Chermayeff & Geismar & Haviv, creators of many of the world’s most iconic and enduring brands, achieved the Best in Enterprise Resilience™ mark design through their rigorous process of symbol-making to capture the essence of Critical Event Management (CEM).

“We congratulate Discover, Goldman Sachs, NBCUniversal, Dow and Alexion, who demonstrated their commitment to meeting the highest standards of readiness and resilience,” said Dr. John Maeda, Chief Experience Officer at Everbridge. “Every company possesses unique operational details – a combination of technologies, physical locations, supply chains and, most importantly, people – all of which are in constant evolution. CEM Certification™ reinforces the strategic imperative to follow global best practices for enterprise resilience. We commend these companies on achieving Best in Enterprise Resilience™.

As per a recently-commissioned study conducted by Forrester Consulting to evaluate the total impact of implementing CEM best practices through automation based on analysis assuming a multi-billion dollar, multinational corporation looking at cash flow analysis (risk-adjusted estimates), the payback period of deploying CEM best practices stands at approximately three months. The study went on to state, “All of the interviewed executives told Forrester that Everbridge helped them maintain business operations and revenue during critical events.”

About Everbridge

Everbridge, Inc. (NASDAQ: EVBG) is a global software company that provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to Keep People Safe and Organizations Running™. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events including IT outages, cyber-attacks or other incidents such as product recalls or supply-chain interruptions, over 5,700 global customers rely on the Company’s Critical Event Management Platform to quickly and reliably aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes through the secure delivery to over 100 different communication modalities, and track progress on executing response plans. Everbridge serves 8 of the 10 largest U.S. cities, 9 of the 10 largest U.S.-based investment banks, 47 of the 50 busiest North American airports, 9 of the 10 largest global consulting firms, 8 of the 10 largest global automakers, 9 of the 10 largest U.S.-based health care providers, and 7 of the 10 largest technology companies in the world. Everbridge is based in Boston with additional offices in 20 cities around the globe. For more information visit www.everbridge.com

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the anticipated opportunity and trends for growth in our critical communications and enterprise safety applications and our overall business, our market opportunity, our expectations regarding sales of our products, our goal to maintain market leadership and extend the markets in which we compete for customers, and anticipated impact on financial results. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the ability of our products and services to perform as intended and meet our customers’ expectations; our ability to successfully integrate businesses and assets that we may acquire; our ability to attract new customers and retain and increase sales to existing customers; our ability to increase sales of our Mass Notification application and/or ability to increase sales of our other applications; developments in the market for targeted and contextually relevant critical communications or the associated regulatory environment; our estimates of market opportunity and forecasts of market growth may prove to be inaccurate; we have not been profitable on a consistent basis historically and may not achieve or maintain profitability in the future; the lengthy and unpredictable sales cycles for new customers; nature of our business exposes us to inherent liability risks; our ability to attract, integrate and retain qualified personnel; our ability to maintain successful relationships with our channel partners and technology partners; our ability to manage our growth effectively; our ability to respond to competitive pressures; potential liability related to privacy and security of personally identifiable information; our ability to protect our intellectual property rights, and the other risks detailed in our risk factors discussed in filings with the U.S. Securities and Exchange Commission (“SEC”), including but not limited to our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 26, 2021. The forward-looking statements included in this press release represent our views as of the date of this press release. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

All Everbridge products are trademarks of Everbridge, Inc. in the USA and other countries. All other product or company names mentioned are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005510/en/

Contacts

Everbridge Contacts:

Jeff Young

Media Relations

jeff.young@everbridge.com

781-859-4116

Joshua Young

Investor Relations

joshua.young@everbridge.com

781-236-3695

Permalink : https://www.aetoswire.com/news/everbridge-launches-industryrsquos-first-global-critical-event-management-cem-certificationtmnbspprogram-with-formalized-standards-for-enterprise-resilience/en

V.E, Part of Moody’s ESG Solutions, Provides Second Party Opinion on the Kingdom of Spain’s Sovereign Green Bond Framework

 LONDON & PARIS-Thursday 29 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Moody’s ESG Solutions Group announced today that V.E has provided a Second Party Opinion (SPO) on the Kingdom of Spain’s Sovereign Green Bond Framework.

The Framework is aligned with the four core components of the Green Bond Principles 2021 and follows best market practices identified by V.E. Net proceeds of the bonds will exclusively be used to finance or refinance projects tied to the country’s environmental objectives, including renewable energy, biodiversity protection, and climate change adaptation.

“The bonds issued under Spain’s Framework will provide an ‘advanced’ contribution to sustainability, the highest score on our four-point scale,” said Patrick Mispagel, MD – Sustainable Finance at Moody’s ESG Solutions. “Our assessment reflects that in many cases Spain’s Framework followed the detailed technical eligibility criteria of the EU Taxonomy Climate Delegated Act. We expect to see additional sovereign issuances as nations increasingly seek to raise capital to support climate action and contribute to the development of the sustainable finance market.”

The Kingdom of Spain’s Sovereign Sustainability Rating from V.E is 78/100, which indicates an ‘advanced’ sustainability performance, the highest level on V.E’s four-point scale. Spain ranks 14th out of 178 countries, and 12th out of 37 OECD countries, assessed by V.E.

V.E’s SPOs on sustainability credentials help market participants secure financing through sustainable bonds and loans, strengthen issuers’ and projects’ credibility, and give investors confidence. To date, V.E has provided more than 370 SPOs – including award-winning and pioneering missions – on sustainable financing operations in over 30 countries. V.E has provided SPOs for sovereign issuers such as the United Kingdom, France, Italy, Chile, Ecuador, Egypt, Mexico, Benin, and Andorra.

To learn more, please visit moodys.com/sustainable-finance.

V.E’s SPO on the Kingdom of Spain’s Sovereign Green Bond Framework is available in English and Spanish.

ABOUT MOODY’S ESG SOLUTIONS

Moody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable finance, and aligns with Moody's Investors Service and Moody's Analytics to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services.

For more information visit Moody’s ESG hub at www.moodys.com/esg.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210728005574/en/

Contacts
Media inquiries:
Tim Whatmough
VP-Communications
+33 (153) 303-385
Tim.Whatmough@moodys.com

Moody’s ESG Solutions:
Lisa Stanton
MD-Global Sales Lead/ESG
+1 (415) 874-6000
Lisa.Stanton@moodys.com


    

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Riskified Ltd. Announces Pricing of Initial Public Offering

 NEW YORK-Thursday 29 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Riskified Ltd. (“Riskified”), a fraud management platform enabling frictionless eCommerce, today announced the pricing of its initial public offering of 17,500,000 Class A ordinary shares at a public offering price of $21.00 per Class A ordinary share. The offering consists of 17,300,000 Class A ordinary shares offered by Riskified and 200,000 Class A ordinary shares to be sold by one of Riskified’s existing shareholders. Riskified will not receive any proceeds from the sale of the shares by the selling shareholder. The underwriters will have a 30-day option to purchase up to an additional 2,625,000 Class A ordinary shares from Riskified at the initial public offering price, less underwriting discounts and commissions. The Class A ordinary shares are expected to begin trading on the New York Stock Exchange on July 29, 2021 under the ticker symbol “RSKD”.

The closing of the offering is expected to occur on August 2, 2021 subject to the satisfaction of customary closing conditions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as lead book-running managers for the offering. Barclays Capital Inc., KeyBanc Capital Markets Inc., Piper Sandler & Co., Truist Securities, Inc. and William Blair & Company, L.L.C. are joint book-running managers for the offering. Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc., Siebert Williams Shank & Co., LLC and Stern Brothers & Co. are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York, 10282, by email at prospectus-ny@ny.email.gs.com, or by telephone at 866-471-2526; J.P. Morgan Securities LLC, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717, by email at Prospectus-eq_fi@jpmorgan.com, or by telephone at 1-866-803-9204; and Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, New York, 10010, by email at newyork.prospectus@credit-suisse.com, or by telephone at 800-221-1037.

A registration statement on Form F-1 relating to these securities has been filed with, and was declared effective by, the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Riskified

Riskified empowers businesses to realize the full potential of eCommerce by making it safe, accessible, and frictionless. Riskified has built a next-generation eCommerce risk management platform that allows online merchants to create trusted relationships with their consumers. Leveraging machine learning that benefits from a global merchant network, Riskified’s platform identifies the individual behind each online interaction, helping merchants—Riskified’s customers—eliminate risk and uncertainty from their business. Riskified drives higher sales and reduces fraud and other operating costs for its merchants and strives to provide superior consumer experiences, as compared to its merchants’ performance prior to onboarding Riskified.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210728006106/en/

Contacts

Investor Relations:

Chris Mammone, The Blueshirt Group for Riskified

ir@riskified.com

Corporate Communications:

Rowena Kelley

press@riskified.com

 

 

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Gupshup Raises Additional $240 Million to Fast-Track Global Conversational Messaging Vision

 Investment establishes Gupshup as the leader in Conversational Messaging, accelerates product innovation for digital commerce enablement, M&A activity & global GTM expansion

SAN FRANCISCO-Thursday 29 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Gupshup, the leader in conversational messaging, today announced it has raised an additional $240 million in follow-on funding from an industry-leading group of investors including Fidelity Management and Research Company LLC, Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, certain accounts managed by Neuberger Berman Investment Advisers LLC, White Oak, Neeraj Arora and others. This funding round follows the $100 million raise from Tiger Global in April, at a $1.4 billion valuation.

Gupshup will use this investment to continue executing its vision and for secondary purchase of shares from current and former employees as well as prior investors. Gupshup continues to invest in product innovation for digital commerce enablement as well as expanding go-to-market initiatives in mobile-first economies around the world. Gupshup is also exploring M&A opportunities to expand its business opportunities. The company earlier announced an expansion in its executive team with leadership hires in Corporate Development, International Business Development, Sales, Customer Success, Marketing, and IT.

“We see substantial growth in India’s digital economy,” said Shashin Shah, Managing Principal at Think Investments. “Gupshup’s platform is an essential tool for businesses building a digital footprint. We’re excited to partner with Gupshup, given its market-leading position, innovation-led growth and attractive financial profile.”

“We have followed Gupshup’s progress for a long while and believe that they are the most evolved customer communications platform In India and increasingly in other emerging markets, with a leadership position in the most attractive and fastest growing sub-segments of the market,” said Sumeet Nagar, Managing Director, Malabar Investments. “We believe that Beerud and team have the unique opportunity to expand the addressable market on the back of new offerings and scale the business up significantly, which is a perfect recipe for massive value creation. I have known Beerud for over three decades, and all of us at Malabar are delighted to partner with Gupshup in the next stage of their journey.”

“We believe the digitization of India is in the early stages of transformational growth, powered by critical communications infrastructure,” said Subir Jajoo, a Partner at Harbor Spring Capital. “Gupshup has built a leading platform to enhance business-consumer engagement, and we are pleased to partner with the company as it continues to improve the digital experience through innovation, reliability and customer service.”

“Conversations represent the new digital storefront for businesses - virtually every business will need to build them,” said Beerud Sheth, co-founder and CEO, Gupshup. “We are transforming digital commerce around the world with conversational messaging. We look forward to partnering with our new investors given their incredible track record of backing category-creating companies. We are also gratified by the opportunity to provide partial liquidity and great returns to early investors and employees that put their faith in Gupshup.”

Enabling digital commerce with conversational messaging, helps businesses across industries take their customers on AI-powered conversational journeys on messaging apps, across marketing, commerce, and support workflows. Customers can discover products, pay for them, track delivery, provide feedback and get support, while chatting with their favorite brands like they would with friends and family.

Gupshup's last funding round was in April 2021. The company has raised $340 million in 2021. Gupshup grew rapidly over the last few years, exiting 2020 with an annual revenue run rate of approximately $150 million.

Additional Resources

Visit our Announcement Page

Chat with our Announcement Bot

Watch our video explainer on Conversational Messaging

Listen to our Conversational Commerce Podcast Episode

About Gupshup

Gupshup enables better customer engagement through conversational messaging. Gupshup is the leading conversational messaging platform, powering over 6 billion messages per month. Across verticals, thousands of large and small businesses in emerging markets use Gupshup to build conversational experiences across marketing, sales, and support. Gupshup's carrier-grade platform provides a single messaging API for 30+ channels, a rich conversational experience-building tool kit for any use case and a network of emerging market partnerships across messaging channels, device manufacturers, ISVs, and operators. With Gupshup, businesses have made conversations an integral part of their customer engagement success. Gupshup is present in India, LATAM, Southeast Asia, Middle East, Eastern Europe, Africa, and the United States. Visit www.gupshup.io. Converse with the Gupshup bot.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210728005075/en/

Contacts

Press

Richard Laermer

RLM PR | gupshup@rlmpr.com | (212) 741-5106 x 216

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V.E, part of Moody’s ESG Solutions, provides Second Party Opinion on Colombia’s Sovereign Green Bond Framework and Inaugural Issuance

 LONDON & PARIS-Thursday 29 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- V.E, part of Moody’s ESG Solutions, published today a Second Party Opinion (SPO) on Colombia’s Sovereign Green Bond Framework and inaugural issuance.

The SPO assesses four main components: the framework’s level of contribution to sustainability, its alignment with international standards, its coherence with Colombia’s strategic sustainability priorities, and Colombia’s environmental, social and governance (ESG) performance.

“Proceeds from the green instruments issued under Colombia’s framework will provide a ‘robust’ contribution to sustainability, the second-highest level on our four-point scale,” said Adriana Cruz Felix, Head of Sustainable Finance Research at V.E. “The issuance will fund projects to protect biodiversity as well as build climate change resilience and adaptation, thereby reinforcing the capacity of Colombia’s institutions to address key environmental challenges.”

In V.E’s opinion, the framework and portfolio of eligible expenditures are aligned with the four core components of the Green Bond Principles 2021 (GBP). The project categories are likely to contribute to eight of the GBP’s eligible green project categories, and eight United Nations Sustainable Development Goals.

The framework is ‘coherent’ with Colombia’s strategic sustainability priorities, the highest level on V.E’s three-point scale. As part of its Pact for Sustainability, Colombia has committed to implement economic strategies around four pillars: sustainability of key sectors, biodiversity and natural capital, climate change adaptation, and environmental institutions and research.

Colombia’s Sovereign Sustainability Rating from V.E is 62/100, which indicates an ‘advanced’ ESG performance, the highest level on V.E’s four-point scale. Colombia ranks 65th out of 178 countries in V.E’s global sovereign sustainability index, and 35th out of 37 OECD countries.

V.E’s SPOs on sustainability credentials help market participants secure financing through sustainable bonds and loans, strengthen issuers’ and projects’ credibility, and give investors confidence. To date, V.E has provided more than 330 SPOs – including award-winning and pioneering missions – on sustainable financing operations in over 30 countries. V.E has provided SPOs for sovereign issuers including the UK, France, Italy, Chile, Ecuador, Egypt, Mexico and Andorra. To learn more, please visit www.moodys.com/sustainable-finance.

V.E’s SPO on Colombia’s Sovereign Green Bond Framework and inaugural issuance is available in Spanish and English.

ABOUT MOODY’S ESG SOLUTIONS

Moody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable finance, and aligns with Moody's Investors Service (MIS) and Moody's Analytics (MA) to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services.

For more information visit Moody’s ESG hub at www.moodys.com/esg.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005899/en/

Contacts
Media inquiries:
Tim Whatmough
VP-Communications
+33 (153) 303-385
Tim.Whatmough@moodys.com

Moody’s ESG Solutions:
Lisa Stanton
MD-Global Sales Lead/ESG
+1 (415) 874-6000
Lisa.Stanton@moodys.com




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SES Enters Multi-transponder Agreement with NewSpace India Limited via SES-8

 SES provides satellite bandwidth to support distribution of satellite TV services across India


LUXEMBOURG-Thursday 29 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- SES announced today that it had entered into a multi-transponder agreement for its SES-8 satellite with NewSpace India Limited (NSIL), a Central Public Sector Enterprise (CPSE) under Department of Space (DoS) based in Bengaluru, India. The nine-transponder capacity agreement on SES-8 at 95 degrees East will be used to support India’s thriving direct-to-home (DTH) market.

SES Enters Multi-transponder Agreement with NewSpace India Limited via SES-8 (Photo: Business Wire)

Deepak Mathur, Executive Vice President of Sales at SES Video, said, “Satellite TV and the programmes it brings hold a very important role for Indian TV viewers. We are honoured to be able to provide continued support and satellite capacity needed to support DTH operations in the country in collaboration with NSIL."

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Visit the Media Gallery >

About SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,400 channels and has an unparalleled reach of 361 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210728006179/en/

Contacts

Suzanne Ong
External Communications
Tel. +352 710 725 500
suzanne.ong@ses.com

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HKTDC Twin Jewellery Events Open in Hong Kong

 First trade shows following pandemic, open to public for first time


HONG KONG-Monday 26 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- The HKTDC Hong Kong International Jewellery Show and HKTDC Hong Kong International Diamond, Gem & Pearl Show, opened on 25 July at the Hong Kong Convention and Exhibition Centre (HKCEC) and will run until 29 July. The twin shows are the first two physical trade fairs to be staged by the Hong Kong Trade Development Council (HKTDC), since the pandemic began and are being held in a hybrid format for the first time, with both physical and online exhibitions. The online show will run until 5 August to help global jewellers capture business opportunities as the pandemic continues.

The physical fairs have attracted close to 440 exhibitors and are open to jewellery-loving public visitors for the first time. Exhibitors are coming from Germany, Hong Kong, India, Italy, Switzerland and the United States. Some of the overseas exhibitors are also joining the online exhibition. In addition to local trade buyers, the HKTDC has mobilised its 50 global offices to invite overseas buyers to take part in the fairs and conduct business deals via video conferencing.

HKTDC Deputy Executive Director Benjamin Chau said: “The HKTDC twin jewellery shows provide a one-stop marketing and sourcing platform to showcase the latest and finest jewellery items as well as raw materials, helping Hong Kong to maintain its position as a trading and sourcing hub for this important sector. We are happy to see that the jewellery export and retail markets have been picking up, and we hope our fairs can assist industry players in navigating the current challenges.”

A host of seminars are being held during the twin shows, helping to broaden the horizons of jewellery industry players. Speakers include representative from De Beers, Chan Tai Fook, the Gemological Association of Hong Kong and more. There are also expert talks aimed specifically at jewellery-loving visitors. They include a representative from jewellery college L’ECOLE sharing on the art and science of rubies; representatives from the Diamond Federation of Hong Kong and Jade Manufacturers Association discussing how to appreciate rare-colour diamonds; and a representative from the Gemological Institute of America (GIA) introducing its pearl evaluation methods.

Websites
Hong Kong International Jewellery Show: hkjewelleryshow.hktdc.com
Hong Kong International Diamond, Gem & Pearl Show: hkdgp.hktdc.com

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210725005042/en/

Contacts

Media Enquiries
Please contact the HKTDC's Exhibitions Department:
Sum Luk                                
Tel: (852) 2240 4048                         
Email: cs.luk@hktdc.org


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Walton Enters the Single-Family Build-to-Rent Market Using its 81,000 Acre Land Portfolio Throughout the U.S.

 SCOTTSDALE, Ariz. -Friday 25 June 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Walton Global Holdings has launched a build-to-rent (BTR) line of business that will leverage its more than 81,000 acres of land assets throughout the U.S. to create near-term opportunities for single-family home rental developments.

Walton is a global real estate investment and land asset management company with US$3.4 billion under management making the company one of the largest pure-play residential landowners in North America. The launch of Walton’s BTR business provides the company with an immediate competitive advantage during a time when established land parcels are hard to come by for many organizations in this market.

Walton’s core products have been pre-development land and land development for more than 42 years. Through its core business, Walton specializes in land acquisition to zoning and entitlements partnering with top national homebuilders throughout the U.S.

Walton has already identified 17 near-term opportunities and is in advanced negotiations with a select group of nationally recognized builders and developers to construct build-to-rent communities with approximately 2,500 units throughout the country. The first wave of development is part of a longer-term vision for the company to grow their BTR portfolio. Walton plans to construct additional projects within their network of more than 180 master planned communities and through new land acquisitions.

“We see this as a tremendous opportunity to utilize our properties to provide additional single-family home inventory to growth markets throughout the country, but more importantly, affordable housing during a time when for-sale home pricing is rising at a dramatic pace,” said Bill Doherty, CEO of Walton. “We also recognize land is a high commodity for builders and single-family rental companies to enter this space – we are a natural partner for them.”

The build-to-rent industry is showing significant year-over-year growth. The bulk of households living in these communities prefer to rent a home, many are aging millennials transitioning into family formation years. COVID fueled the need for extra space that consumers demanded and accelerated the shift to less dense cities and homes. Sunbelt markets with diversified economies that were outperforming other markets pre-COVID are expected to continue post-pandemic, according to John Burns Consulting research. Most of Walton’s land portfolio is in Sunbelt market regions.

“Walton has three essential advantages that we expect to deliver true value to this market and to investors: available land, experience in development of lots and a vast network of homebuilding relationships,” said Paul Megler, executive vice president of Walton who is leading the build-to-rent initiative for the company. “I see many organizations entering the build-to-rent space that are making value propositions based on a business plan or a concept and are struggling to deploy capital. Walton has a defined portfolio ready to go with partnerships in place and a diverse land pipeline that we continue to grow – that is a big differentiator to our BTR partners.”

About Walton

Walton is a privately owned, leading global real estate investment, land asset management and administration company focusing on strategically located land in major growth corridors for more than 42 years. The company manages and administers US$3.4 billion of real estate assets in North America, on behalf of its investors and business partners. Walton has more than 98,000 acres of land under ownership, management and administration in the United States and Canada. Key entities in the Walton Group of Companies include Walton Global Holdings, Walton International Group and Walton Development and Management. For more information visit walton.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210623005646/en/

Photos/Multimedia Gallery Available: https://www.businesswire.com/news/home/52450116/en

Contacts
MEDIA CONTACT:
Megan Wahl
LAVIDGE
480-998-2600
mwahl@lavidge.com




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