SHAH ALAM, April 29 (Bernama) -- The Selangor State Development Corporation (PKNS) is committed to produce a generation of young entrepreneurs through the Tunas Niaga (Protune) programme and Entrepreneurial Pilot programme that have been carried out since 1998. PKNS chief executive officer Noraida Mohd Yusof said the programme to make entrepreneurship as a culture among primary and secondary school students was provided by PKNS under the supervision of the Entrepreneur Development Division. "Such programmes aims to provide exposure on the actual business environment and opportunities to students to gain experience in directly interacting and communicating with the buyers," he told reporters after officiating the Protune and PPU sales promotion programme here today. The four-day programme, which began on Thursday until tomorrow, is organised by KNS jointly with the Selangor Education Department. It is attended by 192 students from 50 primary and secondary schools throughout Selangor. Noraida said since its inception until last year, 20,650 students and 1,652 counselling teachers had taken part in the Protune programme. "For the PPU programme, introduced since 2007, 120 students have participated in it, among others, involves the sale of products in schools, PPU camp and sales promotion undertaken to nurture an interest in entrepreneurship among primary school students. Noraida added PKNS also provided entrepreneurship programmes for various ages such as those that catered to graduates and contractors. -- BERNAMA
Sunday, April 30, 2017
PKNS COMMITTED TO PRODUCE YOUNG ENTREPENEURS
Friday, April 28, 2017
A.M. BEST AFFIRMS CREDIT RATINGS OF NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES
SINGAPORE, April 28 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of National Reinsurance Corporation of the Philippines (NRCP) (Philippines). The outlook of these Credit Ratings (ratings) remains negative.
The ratings reflect NRCP’s strong risk-adjusted capitalization and low net underwriting leverage.
NRCP’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is supported by its low underwriting leverage. NRCP has low premium retention and cedes a significant portion of risk to a panel of highly rated retrocessionaires.
http://mrem.bernama.com/viewsm.php?idm=29000
The ratings reflect NRCP’s strong risk-adjusted capitalization and low net underwriting leverage.
NRCP’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is supported by its low underwriting leverage. NRCP has low premium retention and cedes a significant portion of risk to a panel of highly rated retrocessionaires.
http://mrem.bernama.com/viewsm.php?idm=29000
EOS SINGAPORE FLAGSHIP STORE WON THUNDEROUS APPLAUSE IN HER GRAND OPENING
TAIPEI, Taiwan, April 27 (Bernama-GLOBE NEWSWIRE) -- On April 25th, 2017, after preparation and trial operation for two months, the EOS Singapore flagship store celebrates her grand opening in thunderous applause.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/5df7b17d-367a-4da0-a548-0f7c0d775b97
Mr. Ben Yang, the chief representative of Asian marketing, EOS Inc., right after his trip from Nanning where three EOS flagship stores signed for their opening, pleasantly flew to attend this great opening ceremony in Singapore.
On the opening banquet held by the president of Singapore EOS VENTURE flagship store, Mr. Phew Ngiap Cheow, over 200 guests and most of the elite leaders from EOS sales channel all over the world got together like a great family reunion.
Mr. Phew Ngiap Cheow said in his welcoming speech, “We are proud of our beauty care, health care, and environment care products from EOS for their high quality and their value to customers. As long as we keep continuous efforts, we can create a business miracle in Singapore.”
The attending guests, including Mr. Huang Yuan-Cheng, the chief education officer of Taiwan EOS Weijue System, Mr. Li Wen-Fu, the representative of Malaysia EOS Dealers, Miss Guo Li-Zhen, the director of EOS Inc. U.S.A., and Miss Cai Wen-Xia, the representative of EOS Dealers Group in China, all came afar to Singapore to congratulate the opening with warmly acclaims.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/5df7b17d-367a-4da0-a548-0f7c0d775b97
Mr. Ben Yang, the chief representative of Asian marketing, EOS Inc., right after his trip from Nanning where three EOS flagship stores signed for their opening, pleasantly flew to attend this great opening ceremony in Singapore.
On the opening banquet held by the president of Singapore EOS VENTURE flagship store, Mr. Phew Ngiap Cheow, over 200 guests and most of the elite leaders from EOS sales channel all over the world got together like a great family reunion.
Mr. Phew Ngiap Cheow said in his welcoming speech, “We are proud of our beauty care, health care, and environment care products from EOS for their high quality and their value to customers. As long as we keep continuous efforts, we can create a business miracle in Singapore.”
The attending guests, including Mr. Huang Yuan-Cheng, the chief education officer of Taiwan EOS Weijue System, Mr. Li Wen-Fu, the representative of Malaysia EOS Dealers, Miss Guo Li-Zhen, the director of EOS Inc. U.S.A., and Miss Cai Wen-Xia, the representative of EOS Dealers Group in China, all came afar to Singapore to congratulate the opening with warmly acclaims.
SINGAPORE FACES PRODUCTIVITY CHALLENGE ACCORDING TO NEW OLIVER WYMAN REPORT
SINGAPORE, April 26 (Bernama-BUSINESS WIRE) -- Over the past decade, Singapore has lost some of its economic competitiveness. While the economy has been growing steadily, the pace of growth has stagnated according to a new report from Oliver Wyman.
“Singapore is lauded as one of the greatest economic success stories in history. Gross Domestic Product (GDP) has grown at an average annual rate of around 7.7 percent since its independence in 1965,” said Christian Pedersen, Oliver Wyman partner and co-author of the report. “However, the pace of progress in Singapore is slowing, mainly due to a decline in productivity – a phenomenon which affects most economies. In lieu also of broader global uncertainties, the leadership of Singapore’s industrial and financial industries needs to be bold, adopt new techniques, and view productivity through a different lens in order to help reverse this trend.”
The report, entitled “Singapore Productivity Challenge: Role of the Private Sector” can be viewed here. The report examines how rising wages combined with a decline in labour productivity are making it more difficult for Singapore to stay ahead of the emerging Asian economies such as China, India, and Indonesia. Key findings of the report include:
The report discusses challenges and solutions across various industries including information and communication and healthcare and also features data on workforce metrics from Mercer, Oliver Wyman’s sister company. The report concludes with a call to action for large, private sector companies in the region to take measures in order to reverse the productivity drain, and set an example for smaller firms to follow.
|
NASDAQ REPORTS RECORD QUARTERLY EARNINGS; ANNOUNCES 19% INCREASE IN QUARTERLY DIVIDEND
NEW YORK, April 27 (Bernama-GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) today reported financial results for the first quarter of 2017. First quarter net revenues were $583 million, up $49 million or 9% from $534 million in the prior year period. The first quarter increase in net revenues included a $50 million positive impact from acquisitions and $15 million, or 5%, organic growth in non-trading segments, partially offset by a $12 million organic decline in Market Services net revenues driven by lower industry trading volumes, as well as an overall $4 million impact from unfavorable changes in foreign exchange rates.
"I'm pleased Nasdaq was able to set new highs in terms of operating income and EPS, and deliver continued strong organic revenue growth across the non-transactional businesses, despite a challenging trading volume environment," said Adena T. Friedman, President and CEO, Nasdaq. "Importantly, we are seeing growth in areas where we've invested materially to innovate for the benefit of our clients, bringing them new or enhanced capabilities and efficiencies, in particular in the Market Technology, Information Services and Corporate Solutions businesses."
"I'm pleased Nasdaq was able to set new highs in terms of operating income and EPS, and deliver continued strong organic revenue growth across the non-transactional businesses, despite a challenging trading volume environment," said Adena T. Friedman, President and CEO, Nasdaq. "Importantly, we are seeing growth in areas where we've invested materially to innovate for the benefit of our clients, bringing them new or enhanced capabilities and efficiencies, in particular in the Market Technology, Information Services and Corporate Solutions businesses."
BAYSHORE NETWORKS A FOUNDING MEMBER OF EDGEX FOUNDRY
Cyber protection seen as a critical component of new open source edge computing framework
HANNOVER, Germany, April 25 (Bernama-GLOBE NEWSWIRE) -- HANNOVER MESSE -- Bayshore Networks, the leading provider of cyber protection for industrial infrastructure, announced that it is a founding member of EdgeX Foundry, which launched today.
Hosted by The Linux Foundation, EdgeX Foundry is an open source project to build a common open framework for Internet of Things (IoT) edge computing. EdgeX Foundry will create an ecosystem of interoperable components that unifies the marketplace and accelerates secure enterprise and industrial IoT solutions that can be easily scaled.
“Secure edge computing has emerged as a complicated but critical element driving the realization of industrial IoT,” said Ram Boreda, VP Product Management at Bayshore Networks. “Bayshore is partnering with Yokogawa, along with Foghorn, Telit, and Microsoft in developing their innovative Industrial IoT architecture, where cyber protection is proving critical. We believe EdgeX Foundry can become a catalyst for even further innovation in industrial markets, by simplifying interconnection of edge devices, and are thrilled to contribute our cyber protection expertise to this new open-source initiative as a founding member.”
"Our goal is to accelerate enterprise IoT deployments by delivering interoperability at the edge through a common open framework,” said Philip DesAutels, Senior Director of IoT with The Linux Foundation. “We are so excited to have Bayshore Networks as a member to help us grow the EdgeX ecosystem and build a secure framework that benefits the entire IoT community."
The announcement was made at Hannover Messe, the world’s leading industrial event, being held this week in Hannover, Germany. Bayshore’s Industrial Cyber Protection Platform and EdgeX will be on display in their respective kiosks at the Industrial Internet Consortium Pavilion (Hall 8, Stand C24). Additionally, Bayshore executives will present throughout the week in Hall 8, Stand D19.
HANNOVER, Germany, April 25 (Bernama-GLOBE NEWSWIRE) -- HANNOVER MESSE -- Bayshore Networks, the leading provider of cyber protection for industrial infrastructure, announced that it is a founding member of EdgeX Foundry, which launched today.
Hosted by The Linux Foundation, EdgeX Foundry is an open source project to build a common open framework for Internet of Things (IoT) edge computing. EdgeX Foundry will create an ecosystem of interoperable components that unifies the marketplace and accelerates secure enterprise and industrial IoT solutions that can be easily scaled.
“Secure edge computing has emerged as a complicated but critical element driving the realization of industrial IoT,” said Ram Boreda, VP Product Management at Bayshore Networks. “Bayshore is partnering with Yokogawa, along with Foghorn, Telit, and Microsoft in developing their innovative Industrial IoT architecture, where cyber protection is proving critical. We believe EdgeX Foundry can become a catalyst for even further innovation in industrial markets, by simplifying interconnection of edge devices, and are thrilled to contribute our cyber protection expertise to this new open-source initiative as a founding member.”
"Our goal is to accelerate enterprise IoT deployments by delivering interoperability at the edge through a common open framework,” said Philip DesAutels, Senior Director of IoT with The Linux Foundation. “We are so excited to have Bayshore Networks as a member to help us grow the EdgeX ecosystem and build a secure framework that benefits the entire IoT community."
The announcement was made at Hannover Messe, the world’s leading industrial event, being held this week in Hannover, Germany. Bayshore’s Industrial Cyber Protection Platform and EdgeX will be on display in their respective kiosks at the Industrial Internet Consortium Pavilion (Hall 8, Stand C24). Additionally, Bayshore executives will present throughout the week in Hall 8, Stand D19.
NASDAQ ANNOUNCES 19% INCREASE IN QUARTERLY DIVIDEND TO $0.38 PER SHARE
NEW YORK, April 27 (Bernama-GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc (Nasdaq:NDAQ) has declared a regular quarterly dividend of $0.38 per share on the company's outstanding common stock, an increase of 19% from the prior $0.32 per share quarterly dividend.
The dividend is payable on June 30, 2017 to shareowners of record at the close of business on June 16, 2017. The Board of Directors has adopted a dividend policy with the intention to provide shareholders with regular and growing dividends over the long term as earnings and cash flow grow.
Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections relating to our future financial results, total shareholder returns, growth, trading volumes, products and services, order backlog, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions and other strategic, restructuring, technology, de-leveraging and capital return initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
ABOUT NASDAQ
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 89 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11.0 trillion. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
NDAQF
MEDIA RELATIONS CONTACT:
Allan Schoenberg
+1.212.231.5534
allan.schoenberg@nasdaq.com
INVESTOR RELATIONS CONTACT:
Ed Ditmire, CFA
+1.212.401.8737
ed.ditmire@nasdaq.com
SOURCE : NASDAQ, Inc.
--BERNAMA
The dividend is payable on June 30, 2017 to shareowners of record at the close of business on June 16, 2017. The Board of Directors has adopted a dividend policy with the intention to provide shareholders with regular and growing dividends over the long term as earnings and cash flow grow.
Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections relating to our future financial results, total shareholder returns, growth, trading volumes, products and services, order backlog, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions and other strategic, restructuring, technology, de-leveraging and capital return initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
ABOUT NASDAQ
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 89 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11.0 trillion. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
NDAQF
MEDIA RELATIONS CONTACT:
Allan Schoenberg
+1.212.231.5534
allan.schoenberg@nasdaq.com
INVESTOR RELATIONS CONTACT:
Ed Ditmire, CFA
+1.212.401.8737
ed.ditmire@nasdaq.com
SOURCE : NASDAQ, Inc.
--BERNAMA
Thursday, April 27, 2017
TACONIC BIOSCIENCES EXPANDS MICROBIOME PRODUCT AND SERVICE PLATFORM
HUDSON, N.Y., April 27 (Bernama-GLOBE NEWSWIRE) -- Taconic Biosciences, a global leader in genetically engineered mouse models and associated services and the only commercial provider of germ-free mice, announced that effective April 26, 2017 they will expand their microbiome product and services platform to include custom Fecal Microbiota Transplantation (FMT) services. To support these new FMT services, Taconic will also offer custom germ-free derivations using either client mouse models, Taconic’s commercial offerings, or mice sourced from third parties.
http://mrem.bernama.com/viewsm.php?idm=28987
http://mrem.bernama.com/viewsm.php?idm=28987
SNOOPY MUSEUM TOKYO HOLDS 1ST ANNIVERSARY COMMEMORATIVE EXHIBITION, STARTING APRIL 22, 2017
TOKYO, April 26 (Bernama-AsiaNet) --
| - Meet Snoopy's Friends at "Peanuts Gang All Stars! -- Introduce Your Friends to Me, Snoopy" - Reaching its first anniversary on Sunday, April 23, 2017, Snoopy Museum Tokyo started a commemorative exhibition entitled "Peanuts Gang All Stars! -- Introduce your friends to me, Snoopy" from Saturday, April 22. (Logo: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI1fl_EUeITxSz.jpg) Among over 70 characters in "Peanuts," especially familiar ones have been handpicked as the All Star gang for this exhibition. Snoopy and his distinct friends ("Peanuts Gang") and the relationship among one another are described through 80 precious original comic strips and a newly created original video. To coincide with the new exhibition, BROWN'S STORE has added about 200 fascinating new items, which add up to around 650 original products. Cafe Blanket also provides a fun menu featuring exhibition-exclusive items such as a first anniversary pancake, and monthly limited beverages. Starting from Saturday, April 22, general visitors can take photographs of most areas within the museum gallery. Furthermore, Cafe Blanket now accepts reservations after 5 p.m. (*Cafe visitors need separate tickets in order to visit the gallery and the store.) Please look forward to the ever-evolving Snoopy Museum Tokyo! (Photo1: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI3fl_xZcOobFl.jpg) (Photo2: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI4fl_lVKgNn7C.jpg) (Photo3: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI5fl_1jhlJ8yf.jpg) Gallery Tour with Karen Johnson, Director of Charles M. Schulz Museum and Snoopy On Friday, April 21, 2017, the press day for Snoopy Museum Tokyo's first anniversary commemorative exhibition, Karen Johnson, Director of Charles M. Schulz Museum where Snoopy Museum Tokyo originates from, guided a walk-through tour of the exhibition with the help of Snoopy. As Karen showed around and explained some of the recommended displays with enthusiasm and humor, Snoopy set the groove with his adorable moves. (Photo4: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI6fl_28nj3D8N.jpg) (Photo5: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI7fl_2T9886we.jpg) Outline of the First Anniversary Commemorative Exhibition "Peanuts Gang All Stars! -- Introduce your friends to me, Snoopy" - Period: Saturday, April 22, 2017 - Sunday, September 24, 2017 No closings during the exhibition period - Time: 10:00 - 20:00 (admission until 19:30) - Location: 5-6-20 Roppongi, Minato-ku, Tokyo 7 minutes' walk from Tokyo Metro Roppongi Station, 10 minutes' walk from Azabu-Juban Station (Reference: Admission fees http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI2fl_F737VEBw.png) Snoopy Museum Tokyo Official website: www.snoopymuseum.tokyo/en Official Facebook page: https://www.facebook.com/snoopymuseumtokyo/ Official Twitter account: https://twitter.com/snoopy_m_tokyo We ask that you allow us to check articles for publication. The following credit must be displayed: (C) Peanuts Worldwide LLC (Abbreviation: (C) Peanuts) SOURCE: Snoopy Museum Tokyo --BERNAMA |
POLYPLASTICS DEVELOPS NEW DURAFIDE (R) PPS GRADES WITH IMPROVED HEAT SHOCK RESISTANCE
TOKYO, April 26 (Bernama-AsiaNet) --
- Better Materials for Automotive Components and Others -
Polyplastics Co., Ltd. has developed new DURAFIDE (R) PPS grades, 6150T73 and 6150T8, which applied advanced technology to improve heat shock resistance of highly filled, high-toughness PPS materials. (Image: http://prw.kyodonews.jp/prwfile/release/M100475/201704211145/_prw_PI1fl_B49uBz0Y.jpg) Polyphenylene sulfide (PPS) is a highly heat-resistant resin that is categorized as super engineering plastic. It exhibits outstanding flame retardancy, mechanical property, dimensional stability and chemical resistance. In order to meet market requirements, particularly in the automotive sector, we have been making efforts to develop new highly filled, high-toughness PPS grades with greatly improved heat shock resistance. Previously, it was not so easy to improve heat shock resistance of a PPS material while keeping other properties in balance. First, conventional grades with improved heat shock resistance generate large quantities of mold deposits, caused by gases originating from the impact modifier. And increased frequency of metal mold maintenance was an issue. Second, the trend toward reduction of product thickness and weight has resulted in an increased requirement for materials with higher flowability. However, increasing flowability and improving toughness to give heat shock resistance normally have conflicting effects and it was difficult to achieve both at the same time. Polyplastics has now developed the new grades DURAFIDE PPS 6150T73 and 6150T8 that have overcome the abovementioned problems. DURAFIDE PPS 6150T8 exhibits high flowability and improved heat shock resistance, while DURAFIDE PPS 6150T73 benefits from even higher heat shock resistance. Additionally, both grades demonstrate low outgassing (low mold deposit) characteristics. These new materials are expected to boost productivity at customers not only in the automotive sector but in a wide range of fields by helping to increase freedom of product design while also reducing the frequency of metal mold maintenance. Polyplastics is not only a developer of materials technology; it is also actively engaged in the development of molding and processing technologies. In addition to the abovementioned materials technologies, we aim to offer new solutions that combine molding and processing technologies. For more information, visit https://www.polyplastics.com/en/product/lines/pps_hs/index.vm DURAFIDE (R) is a registered trademark of Polyplastics Co., Ltd. in Japan and other countries. SOURCE: Polyplastics Co., Ltd. --BERNAMA |
TACONIC BIOSCIENCES ANNOUNCES RELEASE OF NEW PARKINSON'S DISEASE ANIMAL MODEL
HUDSON, N.Y., April 26 (Bernama-GLOBE NEWSWIRE) -- Taconic Biosciences, a global leader in genetically engineered mouse models and associated services, announced that effective April 17, 2017, in conjunction with The Michael J. Fox Foundation for Parkinson’s Research (MJFF), began commercial distribution of a new Parkinson’s disease mouse Model 13940 (C57BL/6- Lrrk2tm4.1Arte).
The development of Model 13940 underscores the commitment of both Taconic and MJFF to provide novel models for expediting Parkinson’s disease testing.
http://mrem.bernama.com/viewsm.php?idm=28975
The development of Model 13940 underscores the commitment of both Taconic and MJFF to provide novel models for expediting Parkinson’s disease testing.
http://mrem.bernama.com/viewsm.php?idm=28975
POWERPHASE AND PLN SIGN MEMORANDUM OF UNDERSTANDING FOR TURBOPHASE® APPLICATION IN INDONESIA
JAKARTA, Indonesia, April 26 (Bernama-BUSINESS WIRE) -- Powerphase and PT Perusahaan Listrik Negara (PLN), the state power company of Indonesia, have signed a Memorandum of Understanding (MoU) today. The MoU was signed by PLN and Powerphase in conjunction with USA Vice President Pence’s visit to Indonesia. With this agreement, both parties agree to cooperate on a phased implementation plan of Turbophase® Dry Air Injection, beginning with a feasibility study and including two 50 MW projects, followed by a full implementation of 2 GW of additional power. The 2 GW is forecasted to be contracted and installed at existing PLN assets over the next two years.
http://mrem.bernama.com/viewsm.php?idm=28972
http://mrem.bernama.com/viewsm.php?idm=28972
Wednesday, April 26, 2017
A.M. BEST AFFIRMS CREDIT RATINGS OF UNITED OVERSEAS INSURANCE LIMITED
SINGAPORE, April 26 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of United Overseas Insurance Limited (UOI) (Singapore). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect UOI’s excellent earnings track record, favorable business profile and strong risk-adjusted capitalization. As a subsidiary of United Overseas Bank Limited (UOB) group, Singapore’s third-largest bank by asset value, UOI maintains a stable market presence despite challenging market conditions through cross-selling initiatives with the group. The company continues to register strong underwriting margins that are above its peers, supported by a favorable claims experience and a low expense ratio averaging 20% in the five years ending in 2016.
An offsetting rating factor is the small and competitive operating landscape, which limits the company’s growth opportunities in Singapore. In response, management has introduced strategies aimed at expanding its regional business through the UOB group’s regional network. A.M. Best expects UOI’s focus on prudent underwriting and its efficient operating model to mitigate the risks associated with regional growth.
Positive rating actions are unlikely in the near term. Negative rating actions may arise if there is material deterioration of UOI’s operating results or risk-adjusted capitalization.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
An offsetting rating factor is the small and competitive operating landscape, which limits the company’s growth opportunities in Singapore. In response, management has introduced strategies aimed at expanding its regional business through the UOB group’s regional network. A.M. Best expects UOI’s focus on prudent underwriting and its efficient operating model to mitigate the risks associated with regional growth.
Positive rating actions are unlikely in the near term. Negative rating actions may arise if there is material deterioration of UOI’s operating results or risk-adjusted capitalization.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Faith Tan, +65 6589 8400, ext. 212
Financial Analyst
faith.tan@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Chi Yeung Lok, +65 6589 8400, ext. 211
Associate Director
chi-yeung.lok@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Faith Tan, +65 6589 8400, ext. 212
Financial Analyst
faith.tan@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Chi Yeung Lok, +65 6589 8400, ext. 211
Associate Director
chi-yeung.lok@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Source: A.M. Best
RedHill Biopharma Announces Enrollment of Last Patient in the BEKINDA® Phase II Study for IBS-D
- Top-line results are expected in the third quarter of 2017
- The randomized, double-blind, placebo-controlled Phase II study is evaluating the safety and efficacy of BEKINDA® (RHB-102) 12 mg in 127 U.S. patients with diarrhea-predominant irritable bowel syndrome (IBS-D)
- IBS is one of the most common gastrointestinal disorders; it is estimated that at least 30 million Americans suffer from IBS, of which over 40% are cases of IBS-D
- If approved, BEKINDA® 12 mg has the potential to be a preferred once-daily treatment for a broad segment of patients suffering from IBS-D, targeting a U.S. potential market estimated to exceed $1 billion by 2022
- Top-line results from a Phase III study with BEKINDA® 24 mg for acute gastroenteritis and gastritis (the GUARD study) are expected in the second quarter of 2017
- RedHill will host an R&D Day and live webcast on BEKINDA® on Thursday, April 27, 2017 in NYC, discussing the product, indications, potential markets and the ongoing Phase III and II studies for acute gastroenteritis and IBS-D, respectively
TEL-AVIV, Israel, April 25 (GLOBE NEWSWIRE) -- RedHill Biopharma Ltd. (NASDAQ:RDHL) (Tel-Aviv Stock Exchange:RDHL) (“RedHill” or the “Company”), a specialty biopharmaceutical company primarily focused on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for gastrointestinal and inflammatory diseases and cancer, today announced enrollment of the last patient in the Phase II study with BEKINDA® (RHB-102)1 12 mg for the treatment of diarrhea-predominant irritable bowel syndrome (IBS-D).
BEKINDA® is a proprietary, bimodal extended-release, once-daily oral pill formulation of ondansetron, targeting several gastrointestinal indications.
The randomized, double-blind, placebo-controlled Phase II study is evaluating the safety and efficacy of BEKINDA® 12 mg in adults over the age of 18 with IBS-D. The study enrolled 127 subjects in 16 U.S. clinical sites. Top-line results are expected in the third quarter of 2017.
SOURCE : RedHill Biopharma Ltd.
TGS ANNOUNCES CREAN 3D MULTI-CLIENT PROJECT IN IRELAND
ASKER, Norway, April 25 (Bernama-GLOBE NEWSWIRE) -- TGS announces new multi-client acquisition project, Crean 3D on the Irish Atlantic Margin.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/325303aa-b36f-4de5-a678-60be534ae895
Crean 3D (CRN 3D) is a multi-client survey of more than 5,400 km2 located in the South Porcupine Basin between the Porcupine High and the Irish Mainland Platform. Multi-level targets exist, such as Paleocene and Mesozoic channel/fan systems overlying tilted fault blocks. Exploration success on the Newfoundland Labrador conjugate margin coupled with historical exploration in Atlantic Ireland has resulted in significant acreage being licensed. TGS will acquire new 3D data to provide the higher spatial resolution required to delineate multiple plays at multiple levels. Acquisition is expected to commence in June 2017. Data processing will be performed by TGS using its Clari-FiTM broadband technology.
“Crean 3D will expand TGS’ modern 3D coverage in the underexplored Porcupine Basin. With the successful Atlantic Ireland license round in 2016, we see that activity across the Porcupine Basin is continuing to increase, creating exciting new opportunities. The Crean 3D survey further adds to our Atlantic Margins library which also includes data and new acquisition in the Norwegian Sea, North West Africa and Newfoundland Labrador,” commented Kristian Johansen, CEO for TGS.
This survey is supported by industry funding.
Company Summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principle customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).
TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY".
For additional information about this press release please contact:
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen@tgs.com
Will Ashby
VP HR & Communication
Tel: +1 713 860 2184
Email: will.ashby@tgs.com
SOURCE : TGS
--BERNAMA
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/325303aa-b36f-4de5-a678-60be534ae895
Crean 3D (CRN 3D) is a multi-client survey of more than 5,400 km2 located in the South Porcupine Basin between the Porcupine High and the Irish Mainland Platform. Multi-level targets exist, such as Paleocene and Mesozoic channel/fan systems overlying tilted fault blocks. Exploration success on the Newfoundland Labrador conjugate margin coupled with historical exploration in Atlantic Ireland has resulted in significant acreage being licensed. TGS will acquire new 3D data to provide the higher spatial resolution required to delineate multiple plays at multiple levels. Acquisition is expected to commence in June 2017. Data processing will be performed by TGS using its Clari-FiTM broadband technology.
“Crean 3D will expand TGS’ modern 3D coverage in the underexplored Porcupine Basin. With the successful Atlantic Ireland license round in 2016, we see that activity across the Porcupine Basin is continuing to increase, creating exciting new opportunities. The Crean 3D survey further adds to our Atlantic Margins library which also includes data and new acquisition in the Norwegian Sea, North West Africa and Newfoundland Labrador,” commented Kristian Johansen, CEO for TGS.
This survey is supported by industry funding.
Company Summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principle customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).
TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY".
For additional information about this press release please contact:
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen@tgs.com
Will Ashby
VP HR & Communication
Tel: +1 713 860 2184
Email: will.ashby@tgs.com
SOURCE : TGS
--BERNAMA
FOXMINERS LAUNCHES REVOLUTIONARY MINING CHIP
Beyond Bitcoin, a New Technology that is a Worldwide Game Changer
LOS GATOS, Calif., April 25 (Bernama-GLOBE NEWSWIRE) -- Some people say that cryptocurrency mining is getting harder day by day, but now has been “out-foxed” by a new announcement from Foxminers, currently releasing worldwide, the world’s first dual-miner hardware, which uses both SHA-256 and Scrypt to mine bitcoin and litecoin (https://foxminers.com/products/). Both dual-miners can also be customized for transactions of other cryptocurrencies that use SHA-256 or Scrypt.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/964850d7-07b9-421c-b7a5-e0a375c90029
Designed for Mining Power
Foxminers’ mining chip, FM9800-XD112 is the result of brilliant hardware design that increases hash rates to maximum potential while keeping power consumption down. Both have a built-in controller and pre-installed software. After an intense period of testing, consisting of evaluating, prototyping, and extreme-condition pressure testing, the Foxminers F24 and F48 hardware products are now ready for mass production.
Pricing and Availability
The Foxminers F24 and F48 are available at a presale discount from www.foxminers.com. Pricing starts at $2500. Customers can save $500 by preordering, from now until May 14.
Delivery Fee and Custom Fee will be covered by Foxminers, the customer only pays for the unit and receives everything needed for setup without any hidden fees. “Consumers now know our competitors are beat. They can’t reach our power and our extremely low power costs. We have huge mining power – the F48 generates 75 TH/s for bitcoin and 2.1 GH/s for Litecoin. It’s the best investment on the market,” said Mike Harish Operational Director, COO, Foxminers. “We have strived to give customers the first-rate possible investment in the market.” Watch the video at: https://vimeo.com/212613185
LOS GATOS, Calif., April 25 (Bernama-GLOBE NEWSWIRE) -- Some people say that cryptocurrency mining is getting harder day by day, but now has been “out-foxed” by a new announcement from Foxminers, currently releasing worldwide, the world’s first dual-miner hardware, which uses both SHA-256 and Scrypt to mine bitcoin and litecoin (https://foxminers.com/products/). Both dual-miners can also be customized for transactions of other cryptocurrencies that use SHA-256 or Scrypt.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/964850d7-07b9-421c-b7a5-e0a375c90029
Designed for Mining Power
Foxminers’ mining chip, FM9800-XD112 is the result of brilliant hardware design that increases hash rates to maximum potential while keeping power consumption down. Both have a built-in controller and pre-installed software. After an intense period of testing, consisting of evaluating, prototyping, and extreme-condition pressure testing, the Foxminers F24 and F48 hardware products are now ready for mass production.
Pricing and Availability
The Foxminers F24 and F48 are available at a presale discount from www.foxminers.com. Pricing starts at $2500. Customers can save $500 by preordering, from now until May 14.
Delivery Fee and Custom Fee will be covered by Foxminers, the customer only pays for the unit and receives everything needed for setup without any hidden fees. “Consumers now know our competitors are beat. They can’t reach our power and our extremely low power costs. We have huge mining power – the F48 generates 75 TH/s for bitcoin and 2.1 GH/s for Litecoin. It’s the best investment on the market,” said Mike Harish Operational Director, COO, Foxminers. “We have strived to give customers the first-rate possible investment in the market.” Watch the video at: https://vimeo.com/212613185
A.M. BEST ASSIGNS CREDIT RATINGS TO PEAK REINSURANCE AG
HONG KONG, April 25 (Bernama-BUSINESS WIRE) -- A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" to Peak Reinsurance AG (Peak Re AG) (Switzerland). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Peak Re AG's sound business plan, supportive risk-based capitalization and retrocession support provided by its parent company, Peak Reinsurance Company Limited (Peak Re). Peak Re established a Zurich branch office in September 2015. In December 2016, the Swiss Financial Market Supervisory Authority (FINMA) awarded Peak Re AG a subsidiary license to underwrite non-life reinsurance business. A.M. Best expects Peak Re AG to operate with a high degree of integration with Peak Re, which will include retrocession support and the sharing of branding and core operational functions such as underwriting, pricing, marketing, reserving and risk management.
The ratings reflect Peak Re AG's sound business plan, supportive risk-based capitalization and retrocession support provided by its parent company, Peak Reinsurance Company Limited (Peak Re). Peak Re established a Zurich branch office in September 2015. In December 2016, the Swiss Financial Market Supervisory Authority (FINMA) awarded Peak Re AG a subsidiary license to underwrite non-life reinsurance business. A.M. Best expects Peak Re AG to operate with a high degree of integration with Peak Re, which will include retrocession support and the sharing of branding and core operational functions such as underwriting, pricing, marketing, reserving and risk management.
A.M. BEST COMMENTS ON CREDIT RATINGS OF TUGU INSURANCE COMPANY LIMITED
SINGAPORE, April 25 (Bernama-BUSINESS WIRE) -- A.M. Best has commented that the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Tugu Insurance Company Limited (TIC) (Hong Kong) remain unchanged. The outlook of these Credit Ratings (ratings) remains negative.
This follows a disclosure by TIC’s parent, PT Tugu Pratama Indonesia (TPI), that TPI intends to dispose of its shares in TIC. Further details of the disposal, including the level of capital to be maintained in TIC, have not yet been disclosed.
A.M. Best considered the risks related to the intended disposal in its Feb. 24, 2017, rating update, which stated that a material decline in TIC’s capital position could result in negative rating action.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
A.M. Best considered the risks related to the intended disposal in its Feb. 24, 2017, rating update, which stated that a material decline in TIC’s capital position could result in negative rating action.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Chi Yeung Lok
Associate Director, Analytics
+65 6589 8400, ext. 211
chi-yeung.lok@ambest.com
or
Christie Lee
Director, Analytics
+852 2827 341
christie.lee@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Chi Yeung Lok
Associate Director, Analytics
+65 6589 8400, ext. 211
chi-yeung.lok@ambest.com
or
Christie Lee
Director, Analytics
+852 2827 341
christie.lee@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Source: A.M. Best
NEW TESTING PROCEDURE HOLDS PROMISE AS A CRITICAL TOOL IN THE GLOBAL EFFORT TO ELIMINATE MALARIA
Field laboratory-deployable molecular test up to 80,000 times more sensitive than current options
CINCINNATI, April 25 (Bernama-GLOBE NEWSWIRE) -- As the global community gathers for World Malaria Day to celebrate successes and plot strategy to eliminate the disease from the face of the earth, a new ray of hope is emerging from a surprising place: the testing side of the equation.
Meridian Bioscience, Inc. of Cincinnati, Ohio (NASDAQ:VIVO) has developed illumigene® Malaria, a molecular-based, field laboratory-deployed test for malaria that is up to 80,000 times more sensitive at detecting the malaria parasite than current testing options. The test was developed by Meridian with the technical assistance of the Centers for Disease Control and Prevention (CDC) and Cheikh Anta Diop University of Dakar, Senegal.
http://mrem.bernama.com/viewsm.php?idm=28961
CINCINNATI, April 25 (Bernama-GLOBE NEWSWIRE) -- As the global community gathers for World Malaria Day to celebrate successes and plot strategy to eliminate the disease from the face of the earth, a new ray of hope is emerging from a surprising place: the testing side of the equation.
Meridian Bioscience, Inc. of Cincinnati, Ohio (NASDAQ:VIVO) has developed illumigene® Malaria, a molecular-based, field laboratory-deployed test for malaria that is up to 80,000 times more sensitive at detecting the malaria parasite than current testing options. The test was developed by Meridian with the technical assistance of the Centers for Disease Control and Prevention (CDC) and Cheikh Anta Diop University of Dakar, Senegal.
http://mrem.bernama.com/viewsm.php?idm=28961
Tuesday, April 25, 2017
TECH MAHINDRA EXPANDS RELATIONSHIP WITH COVISINT TO UTILIZE COVISINT'S IOT PLATFORM TO CREATE VERTICAL SOLUTIONS
Global Partnership Drives Digital Business Transformation by Securely Connecting Complete Ecosystems of People, Systems and Things
DETROIT, April 21 (Bernama-GLOBE NEWSWIRE) -- Covisint Corporation (Nasdaq:COVS) and Tech Mahindra, a leader in digital transformation for the Telecommunications and Manufacturing industries, today announced that Tech Mahindra will be using the Covisint IoT Platform to enable digital transformation solutions across a variety of IoT initiatives – including smart cities, and the telecommunications and automotive markets.
Through this partnership, there will be a focused solution building and joint go-to-market efforts around:
DETROIT, April 21 (Bernama-GLOBE NEWSWIRE) -- Covisint Corporation (Nasdaq:COVS) and Tech Mahindra, a leader in digital transformation for the Telecommunications and Manufacturing industries, today announced that Tech Mahindra will be using the Covisint IoT Platform to enable digital transformation solutions across a variety of IoT initiatives – including smart cities, and the telecommunications and automotive markets.
Through this partnership, there will be a focused solution building and joint go-to-market efforts around:
- Smart Cities – Diverse technologies need to be integrated to connect smart city ecosystems and realize the full potential of large-scale smart city initiatives. Tech Mahindra is an early innovator in this evolving market.
- Telecommunications – The vast ecosystem around telco providers brings upon many disparate technology stacks – that need to act as one to help realize the full benefits of connected initiatives. Solutions that result from the new expansion of the Tech Mahindra and Covisint relationship will be aimed squarely at solving this problem.
- Automotive – Both Tech Mahindra and Covisint have a long heritage in the Automotive space. The two companies will be creating solutions that will focus on the Connected Vehicle and Supply Chain markets.
"We are excited to be a part of this initiative and we are confident that this collaboration will provide us a distinct edge with alliances and customers. Leveraging Covisint's cloud-based platform and Tech Mahindra's expertise in IoT and digital transformation opens up promising vistas for us," said Karthikeyan Natarajan, Global Head, Engineering, IoT and Enterprise Mobility at Tech Mahindra.
The Covisint IoT Platform – delivered as a platform-as-a-service (PaaS) at scale with global support – offers a complete set of capabilities required to rapidly build enterprise IoT solutions, including advanced identity, authentication, authorization, real-time messaging and orchestration, as well as digital ecosystem definition and management capabilities to facilitate secure information sharing and trusted interactions with the world around that connected asset. Covisint’s IoT Platform brings together a set of foundational capabilities that helps businesses rapidly deliver IoT solutions supportive of digital transformation, including:
The Covisint IoT Platform – delivered as a platform-as-a-service (PaaS) at scale with global support – offers a complete set of capabilities required to rapidly build enterprise IoT solutions, including advanced identity, authentication, authorization, real-time messaging and orchestration, as well as digital ecosystem definition and management capabilities to facilitate secure information sharing and trusted interactions with the world around that connected asset. Covisint’s IoT Platform brings together a set of foundational capabilities that helps businesses rapidly deliver IoT solutions supportive of digital transformation, including:
- A unified data model that brings together the devices, the systems and the people that interact with into one coherent logical data store.
- Dynamic security that helps businesses respond quickly and contextually to deliver better value, while minimizing security risk.
- Unified messaging that brings together messaging and orchestration in both real-time and batch interactions to effectively digitize end-to-end business processes.
- API-first approach for enabling agnostic and loosely coupled business service integration for complex transformations.
- A microservices architecture to meet the scalability demands of billions of connected devices and digital businesses.
“We couldn’t be more excited about what we can achieve together with Tech Mahindra, as our partnership has already produced great benefits for both companies,” said Joel Kremke, SVP of Partnerships and Alliances, Covisint. “We believe the expanded alliance can be one of the largest in the IoT market, and will provide both organizations a whole new path to creating value for the market and for both of our customers. Tech Mahindra are not only market leaders but are also thought leaders in all of the verticals that we’re pursuing with them – it’s an honor to be working with them.”
About Covisint Corporation
Covisint is the connected company – we securely connect ecosystems of people, systems and things to enable new service offerings, optimize operations, develop new business models and ultimately enable the connected economy. Today, we support more than 2,000 organizations and connect to more than 212,000 business partners and customers worldwide. Learn more at www.covisint.com.
Follow us:
About Covisint Corporation
Covisint is the connected company – we securely connect ecosystems of people, systems and things to enable new service offerings, optimize operations, develop new business models and ultimately enable the connected economy. Today, we support more than 2,000 organizations and connect to more than 212,000 business partners and customers worldwide. Learn more at www.covisint.com.
Follow us:
About Tech Mahindra
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.2 billion company with 117,000+ professionals across 90 countries, helping over 837 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia (Forbes 2016 list).
We are part of the USD 17.8 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.
Connect with us on www.techmahindra.com
Follow us on
Facebook I LinkedIn I Twitter I YouTube
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding Covisint’s present and future technology design, architecture, performance and operations which affects the Covisint IoT Platform’s market growth and the demand for Covisint’s solutions. Any forward-looking statements contained in this press release are based upon Covisint’s historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Covisint’s expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Covisint disclaims any obligation to update the forward-looking statements in the future except as may otherwise be required by the federal securities laws. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, our ability to work with Tech Mahindra to attract new customers; the continued growth of the market for these solutions; competition from current competitors and new market entrants; unpredictable macro-economic conditions; the loss of any of our key employees; and the length of the sales for our solutions. Further information on potential factors that could affect actual results is included in Covisint’s reports filed with the SEC.
Investor Relations Contact
866-319-7659
investors@covisint.com
Media Contact
Brad Schechter, Vice President, Corporate Marketing
248-483-2097
bschecht@covisint.com
Shalini Singh, Global Media Relations & PR
media.relations@techmahindra.com
For Sales and Marketing Information
Covisint Corporation, 26533 Evergreen Road, Suite 500, Southfield, MI 48076, 800-229-4125
http://www.covisint.com
SOURCE : Covisint Corporation
--BERNAMA
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.2 billion company with 117,000+ professionals across 90 countries, helping over 837 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia (Forbes 2016 list).
We are part of the USD 17.8 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.
Connect with us on www.techmahindra.com
Follow us on
Facebook I LinkedIn I Twitter I YouTube
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding Covisint’s present and future technology design, architecture, performance and operations which affects the Covisint IoT Platform’s market growth and the demand for Covisint’s solutions. Any forward-looking statements contained in this press release are based upon Covisint’s historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Covisint’s expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Covisint disclaims any obligation to update the forward-looking statements in the future except as may otherwise be required by the federal securities laws. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, our ability to work with Tech Mahindra to attract new customers; the continued growth of the market for these solutions; competition from current competitors and new market entrants; unpredictable macro-economic conditions; the loss of any of our key employees; and the length of the sales for our solutions. Further information on potential factors that could affect actual results is included in Covisint’s reports filed with the SEC.
Investor Relations Contact
866-319-7659
investors@covisint.com
Media Contact
Brad Schechter, Vice President, Corporate Marketing
248-483-2097
bschecht@covisint.com
Shalini Singh, Global Media Relations & PR
media.relations@techmahindra.com
For Sales and Marketing Information
Covisint Corporation, 26533 Evergreen Road, Suite 500, Southfield, MI 48076, 800-229-4125
http://www.covisint.com
SOURCE : Covisint Corporation
--BERNAMA
Friday, April 21, 2017
OPENING-UP AND INNOVATION, LEADING GUANGZHOU DEVELOPED INTO A CITY WITH THE MOST INVESTMENT VALUE
GUANGZHOU, China, April 20 (Bernama-AsiaNet)
| On April 25th and 27th, Guangzhou will hold the Fortune Global Forum 2017 Symposium in Tokyo, Japan and Singapore respectively. Guangzhou will be sending invitations again, inviting guests from the world's top 500 enterprises to attend the Fortune Global Forum 2017, which will be held in Guangzhou this December. Predictably, Japan and Singapore as Guangzhou's important partners in Asia, the symposiums will attract much attention. As the birthplace of the Maritime Silk Road in the east, Guangzhou engaged economic and trade exchanges frequently with Asian countries along the Maritime Silk Road since ancient times. Opening-up and innovation, the lifeblood of Guangzhou, enabled the city's strong economic growth. Guangzhou is becoming one of the cities with the most investment value in the world. For nearly three decades, Guangzhou has been the third largest city in China, following Shanghai and Beijing. In 2016, the city's Gross Domestic Product reached about 2 trillion yuan, equivalent to that of Singapore and neighboring Hong Kong. As the capital city of Guangdong Province, Guangzhou is at the core of the Pearl River Delta, one of the most dynamic economic areas in the world. To reach the goal of "establishing open, loose and free innovative ecology", Guangzhou municipal government is increasing its fiscal spending on the innovation of science and technology, reaching 11 billion yuan in 2017. Besides, the city is improving its commercial environment, emphasizing on the rule of law, market-oriented system and international business-friendly environment. According to the city's latest plan, it would become "the nation's innovation hub with global influence by 2020". In fact, Guangzhou is one of the most business-friendly cities in China, topping the Forbes list in this category five times over the past six years. To encourage the innovation of enterprises, Guangzhou is streamlining government administration and delegating power to the lower level of government. Last month, Foxconn Technology Group, the world's largest electronics contractor and a major supplier of Apple, began construction of a new panel factory in Guangzhou's Zengcheng District, with an investment of 61 billion yuan. It only takes 50 days from project negotiation to sign the contract, and 60 days from the contract signed to start the project, which hailed as "China speed" by The Wall Street Journal and The New York Times. "It will not only be a panel processing factory, but a concept of building an ecological town featuring high-end technology in the city of Guangzhou," said Terry Gou, CEO and chairman of Foxconn Technology Group. A favorable business environment attracts foreign investors enormuosly. According to the data from the Commerce Department of Guangzhou, newly established foreign-invested enterprises in 2016 reached 1757, with year-on-year growth of 23 percent. The actual use of foreign capital reached 5.7 billion US dollars, an increase of 5.3 percent compared to the same period last year. In the study report of Chinese Cities of Opportunity 2017, which jointly published by PwC and China Development Research Foundation in March this year, Guangzhou ranked first for two consecutive years as the city with the most opportunities. Guangzhou favored by many industry giants and recognized by international organizations, is rooted in the lifeblood of innovation and opening-up, presenting a powerful attraction for high-end resources, and thus creates huge investment opportunities. Source: Guangzhou Municipal Government --BERNAMA |
NASDAQ LAUNCHES VENTURE INVESTMENT PROGRAM
Dedicated unit will focus on fintech investment and strategic partnership opportunities
NEW YORK, April 20 (Bernama-GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ), one of the world's leading providers of technology and services to the capital markets, announced today the launch of a venture investment program, Nasdaq Ventures, dedicated to discovering, investing in and partnering with unique fintech companies worldwide. The program's main objective is to identify and collaborate on new technologies and groundbreaking services and solutions which align with Nasdaq’s clients' needs and the company’s long-term objectives in the global capital markets.
"With the launch of our new venture investment program, we are reinforcing our focus on driving growth and innovation by evaluating, distributing, licensing and integrating disruptive technologies for the long-term benefit of our global clients," said Adena Friedman, President and CEO, Nasdaq. "Investing in pioneering fintech firms, who are developing unique technologies, continues our history of being a platform and partner of choice for the most innovative companies in the world. In addition, through this program we plan to accelerate the pace of innovation to ensure our clients continue to benefit from the technologies that are reshaping the capital markets."
NEW YORK, April 20 (Bernama-GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ), one of the world's leading providers of technology and services to the capital markets, announced today the launch of a venture investment program, Nasdaq Ventures, dedicated to discovering, investing in and partnering with unique fintech companies worldwide. The program's main objective is to identify and collaborate on new technologies and groundbreaking services and solutions which align with Nasdaq’s clients' needs and the company’s long-term objectives in the global capital markets.
"With the launch of our new venture investment program, we are reinforcing our focus on driving growth and innovation by evaluating, distributing, licensing and integrating disruptive technologies for the long-term benefit of our global clients," said Adena Friedman, President and CEO, Nasdaq. "Investing in pioneering fintech firms, who are developing unique technologies, continues our history of being a platform and partner of choice for the most innovative companies in the world. In addition, through this program we plan to accelerate the pace of innovation to ensure our clients continue to benefit from the technologies that are reshaping the capital markets."
BOTSWANA MOST ATTRACTIVE INVESTMENT DESTINATION IN AFRICA
- Quantum Global Research Lab launches Africa Investment Index
- Morocco, Egypt, South Africa and Zambia amongst top five investment destinations
- Top five investment destinations attracted a combined net FDI of $13.6bn
LONDON, April 20 (Bernama-GLOBE NEWSWIRE) -- Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016 (http://APO.af/sUtRNQ) by Quantum Global’s (www.QuantumGlobalGroup.com) independent research arm, Quantum Global Research Lab.
http://mrem.bernama.com/viewsm.php?idm=28932
- Morocco, Egypt, South Africa and Zambia amongst top five investment destinations
- Top five investment destinations attracted a combined net FDI of $13.6bn
LONDON, April 20 (Bernama-GLOBE NEWSWIRE) -- Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016 (http://APO.af/sUtRNQ) by Quantum Global’s (www.QuantumGlobalGroup.com) independent research arm, Quantum Global Research Lab.
http://mrem.bernama.com/viewsm.php?idm=28932
Thursday, April 20, 2017
RedHill Biopharma Receives Notice of Allowance for Two Additional U.S. Patents Covering BEKINDA®
- RedHill received Notices of Allowance from the United States Patent and Trademark Office (USPTO) for two new patents covering BEKINDA® (RHB-102), expected to be valid until at least 2034, once granted
- BEKINDA® is a proprietary, bimodal extended-release, once-daily oral pill formulation of ondansetron, targeting several gastrointestinal indications
- Top-line results from a Phase III study with BEKINDA® 24 mg for acute gastroenteritis and gastritis (the GUARD study) are expected in the second quarter of 2017
- A Phase II study with BEKINDA® 12 mg for diarrhea-predominant irritable bowel syndrome (IBS-D) is ongoing, with top-line results expected in the third quarter of 2017
- RedHill will host an R&D Day and live webcast on BEKINDA® on Thursday, April 27, 2017 in NYC, discussing the product, indications, potential markets and the ongoing Phase III and II studies for acute gastroenteritis and IBS-D, respectively
TEL-AVIV, Israel, April 19 (GLOBE NEWSWIRE) -- RedHill Biopharma Ltd. (NASDAQ:RDHL) (Tel-Aviv Stock Exchange:RDHL) (“RedHill” or the “Company”), a specialty biopharmaceutical company primarily focused on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for gastrointestinal and inflammatory diseases and cancer, today announced that it has received notices of allowance from the United States Patent and Trademark Office (USPTO) for two new patents covering BEKINDA® (RHB-102)1. Once granted, the patents are expected to be valid until at least 2034.
Danielle Abramson, Ph.D., RedHill’s Director of Intellectual Property & Research said: “We are very pleased with the allowance of two additional U.S. patents for BEKINDA®. This is an important addition to RedHill’s strong IP portfolio, that will further enhance our protection of BEKINDA®. We are approaching significant milestones with BEKINDA® in the coming months, with top-line results from the Phase III study for gastroenteritis and gastritis expected in the second quarter of 2017 and top-line results from the Phase II for IBS-D expected in the third quarter of 2017.”
SOURCE : RedHill Biopharma Ltd.
EUROMONITOR REVEALS TOP 5 DIGITAL CONSUMER TRENDS IN 2017
CHICAGO, April 19 (Bernama-BUSINESS WIRE) -- Global market research company Euromonitor International will unveil the latest trends shaping digital commerce in the upcoming webinar “Top 5 Digital Consumer Trends in 2017”, on Thursday, April 27 at 9 a.m. CDT.
In today’s digital world, mobile is overtaking personal computers (PC), new technologies are influencing digital purchases and connected devices are providing consumers with new places to pay. This webinar will dive into these trends changing the commerce space.
Mobile tipping point
According to Euromonitor International, China and Indonesia have already reached the mobile-first mentality with more than half – 66 percent and 51 percent, respectively – of digital purchases transacted through mobile in 2016.
South Korea, Thailand, Australia, the US and the UK are expected to follow suit with mobile surpassing PC in terms of digital purchases by 2021.
New technologies impacting the path to purchase
Augmented and virtual reality (AR/VR) technologies have the ability to create new brand experiences. These advancements are giving way to a new reality for commerce, which in the near term will likely be driven by enterprise applications with greater consumer-driven usage.
In recent years, artificial intelligence (AI) has emerged as a potential commerce tool. In time, applications powered by AI will become key competitive advantages for commerce players as these technologies afford brands the power to more effectively create personalised offers.
Changing commerce environments
Digital commerce is no longer restricted to computers, tablets or even mobile phones. Connected cars and smart appliances, among others, lend the potential to disrupt commerce by creating a new purchasing environment – from paying in your car to replenishing products from the comfort of your home.
“Technological advances evolved the way consumers browse and buy, making it imperative to understand the trends impacting the connected consumer and digital commerce,” said Michelle Evans, head of digital consumer research at Euromonitor International.
To register for the free webinar, visit: http://go.euromonitor.com/wb-digital-consumer-2017-top-5-digital-consumer-trends-2017.
About Euromonitor International
Euromonitor International is the world’s leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.
Mobile tipping point
According to Euromonitor International, China and Indonesia have already reached the mobile-first mentality with more than half – 66 percent and 51 percent, respectively – of digital purchases transacted through mobile in 2016.
South Korea, Thailand, Australia, the US and the UK are expected to follow suit with mobile surpassing PC in terms of digital purchases by 2021.
New technologies impacting the path to purchase
Augmented and virtual reality (AR/VR) technologies have the ability to create new brand experiences. These advancements are giving way to a new reality for commerce, which in the near term will likely be driven by enterprise applications with greater consumer-driven usage.
In recent years, artificial intelligence (AI) has emerged as a potential commerce tool. In time, applications powered by AI will become key competitive advantages for commerce players as these technologies afford brands the power to more effectively create personalised offers.
Changing commerce environments
Digital commerce is no longer restricted to computers, tablets or even mobile phones. Connected cars and smart appliances, among others, lend the potential to disrupt commerce by creating a new purchasing environment – from paying in your car to replenishing products from the comfort of your home.
“Technological advances evolved the way consumers browse and buy, making it imperative to understand the trends impacting the connected consumer and digital commerce,” said Michelle Evans, head of digital consumer research at Euromonitor International.
To register for the free webinar, visit: http://go.euromonitor.com/wb-digital-consumer-2017-top-5-digital-consumer-trends-2017.
About Euromonitor International
Euromonitor International is the world’s leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.
Contacts
Euromonitor International
Marissa Bosler, +1 312-477-8908
Communications Executive
marissa.bosler@euromonitor.com
Marissa Bosler, +1 312-477-8908
Communications Executive
marissa.bosler@euromonitor.com
Source: Euromonitor International
DYNADMIC GIVES GLOBAL BRANDS THE OPPORTUNITY TO BUY "SAFE" YOUTUBE ADS
Ensuring Brand Safe Environments In The Age of User Generated Content
NEW YORK, April 19 (Bernama-BUSINESS WIRE) -- In recent weeks, some of the world's top brands, including L'Oreal, HSBC, Starbucks, and Walmart, have pulled their ad spending from Google, as a result of their ads appearing next to objectionable content on YouTube or websites the online ad giant monetizes. These brands are searching for a new digital video advertising safe haven that some believe, will be hard to find. In the midst of all of this upheaval and advertising anarchy, DynAdmic, a digital video advertising firm, has come to save the day with a unique set of tools that stirs up the competition and catches the eye of the world’s top brands and media agencies.
"The only way to prevent brands from being shown in an unsafe environment, is to analyze both written (page level) and spoken content (video level), not just rely on a quality score or the reputation of a video or website," said DynAdmic CEO Stéphane Bonjean. "We are scrubbing through online video content as if it was done by a human being. With our technology, we can listen to the videos, hunt for shocking sounds and inappropriate spoken content, to make sure our clients are buying ad space within a secure environment."
NEW YORK, April 19 (Bernama-BUSINESS WIRE) -- In recent weeks, some of the world's top brands, including L'Oreal, HSBC, Starbucks, and Walmart, have pulled their ad spending from Google, as a result of their ads appearing next to objectionable content on YouTube or websites the online ad giant monetizes. These brands are searching for a new digital video advertising safe haven that some believe, will be hard to find. In the midst of all of this upheaval and advertising anarchy, DynAdmic, a digital video advertising firm, has come to save the day with a unique set of tools that stirs up the competition and catches the eye of the world’s top brands and media agencies.
"The only way to prevent brands from being shown in an unsafe environment, is to analyze both written (page level) and spoken content (video level), not just rely on a quality score or the reputation of a video or website," said DynAdmic CEO Stéphane Bonjean. "We are scrubbing through online video content as if it was done by a human being. With our technology, we can listen to the videos, hunt for shocking sounds and inappropriate spoken content, to make sure our clients are buying ad space within a secure environment."
Wednesday, April 19, 2017
EXPANSION OF THE WFH HUMANITARIAN AID PROGRAM DEMONSTRATES SIGNIFICANT RESULTS DUE TO THE CONTRIBUTION OF 500 MILLION IUS DONATION OF BIOVERATIV AND SOBI
MONTREAL, April 18 (Bernama-GLOBE NEWSWIRE) -- The paradigm shift that has occurred through the expansion of the WFH Humanitarian Aid Program has resulted in significant improvements in the lives of those living with bleeding disorders in developing countries throughout the world. This is as a direct result of the significant level of donations committed by Bioverativ and Sobi, 500 million international units (IU) of clotting factor concentrates (CFC) treatment products, over 5 years, along with their substantial financial support for the operational needs of this program.
The WFH Humanitarian Aid Program was established in 1996, with more than 462 million IUs of treatment products channelled since it began, to more than 100,000 people in need, in 90 countries. Prior to the expansion of this program, donations were sporadic and existing commitments allowed for only emergency relief in dire situations.
The WFH Humanitarian Aid Program was established in 1996, with more than 462 million IUs of treatment products channelled since it began, to more than 100,000 people in need, in 90 countries. Prior to the expansion of this program, donations were sporadic and existing commitments allowed for only emergency relief in dire situations.
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