TDCX CONTINUES EUROPEAN GROWTH TRAJECTORY WITH NEW ROMANIAN OFFICE

^{Daniel Mereuta, Country Director of TDCX Romania (first row, fifth from right) and employees settling into their new office space. (Photo: Business Wire)}


BUCHAREST, Romania, Oct 30 (Bernama-BUSINESS WIRE) -- TDCX (NYSE: TDCX), an award-winning digital customer experience (CX) solutions provider for technology and blue-chip companies has deepened its presence in Europe through its move to a bigger campus in Romania. Located in the northern part of Bucharest in Green Court Campus, the heart of the most dynamic business district in the north of Bucharest, the campus boasts inviting meeting spaces, recreational areas, a cafeteria and a cinema room for employees to enjoy movie nights together.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231029584846/en/

 

The expansion of TDCX’s Romanian campus represents the company's growth in the region and underscores its commitment to help more clients tap Europe as an outsourcing destination.

In just over two years, TDCX Romania has doubled its employee headcount, serving clients across diverse industries including automotive, e-sports, health-tech and software. Apart from serving existing clients and the new mandates, the expanded Romania campus is a strategic investment that will better equip TDCX to meet future client needs.

TDCX’s Romanian campus already has the ability to provide support in 15 languages, thus enabling it to deliver the type of multilingual and personalized service that is needed to serve Europe’s linguistically and culturally diverse market.

Ms. Sophie Chelmick, Executive Vice President, EMEA, TDCX, said, “Our campus in Bucharest is an important hub for our Europe operations. Romania is situated in the heart of Europe, making it easy to collaborate with clients and partners across the continent. Its business-friendly environment, cost-effectiveness and skilled workforce make it a favorable location for outsourcing, and we see strong potential in expanding our presence here. We hope that through our efforts to grow our Romanian campus, we will be able to attract interesting jobs that will lead to meaningful careers for our talents here.”

Contributing to the growth of Europe’s CX industry

The need for good CX is becoming increasingly important among European companies. Almost nine in 10 (89 per cent) of mid-sized and enterprise level companies in Europe acknowledge that CX innovation is required to protect their business from competitors¹.

This is echoed by a report² that stated that there is room to provide European customers more personalized services. This includes enabling frictionless and conversational customer interactions on a single channel. Brands therefore must continually invest and deliver improved experiences to keep their customers.

Mr. Daniel Mereuta, Country Director, TDCX said, "Today’s customers are better informed, better connected, and more demanding than before. Hence, it is getting increasingly tough for brands to navigate customer expectations, keep pace with technological innovations and hire the talent needed to drive customer satisfaction.

“As a specialist CX provider, we have an intimate understanding of the elements that are needed to deliver exceptional service and have refined our approach through years of experience. Our ability to balance technological innovations with the human touch, combined with our focus and agility, enables us to help our clients set up CX teams in less than three months. This covers the entire process from establishing the delivery model and hiring and training the required talent, thus providing clients with the speed and efficiency that is required to start delivering on their goals quickly.”

TDCX’s new Romanian campus is situated within a LEED Platinum-certified building, consistent with the company’s commitment to environmental sustainability in its choice of buildings. It is easily accessed by public transportation and is supported by various facilities, including a prominent shopping mall across the street.

About TDCX

Singapore-headquartered TDCX provides transformative digital CX solutions, enabling world-leading and disruptive brands to acquire new customers, to build customer loyalty and to protect their online communities.

TDCX helps clients achieve their customer experience aspirations by harnessing technology, human intelligence and its global footprint. It serves clients in fintech, gaming, technology, travel and hospitality, digital advertising and social media, streaming and e-commerce. TDCX’s expertise and strong footprint in Asia has made it a trusted partner for clients, particularly high-growth, new economy companies, looking to tap the region’s growth potential.

TDCX’s commitment to delivering positive outcomes for our clients extends to its role as a responsible corporate citizen. Its Corporate Social Responsibility program focuses on positively transforming the lives of its people, its communities and the environment.

TDCX employs more than 18,700 employees across 30 campuses globally, specifically in Brazil, Colombia, Hong Kong, India, Indonesia, Japan, Malaysia, Mainland China, Philippines, Romania, Singapore, South Korea, Spain, Thailand, Türkiye, and Vietnam. For more information, please visit www.tdcx.com.

____________________________
¹ Source: Zendesk. Report: The State of CX Maturity among Midsize and Enterprise Companies of Europe
² Source: Zendesk Blog: Here’s how EU businesses are keeping up with the latest customer expectations


View source version on businesswire.com: 
https://www.businesswire.com/news/home/20231029584846/en/

Contact

For enquiries:
media@tdcx.com

Source : TDCX

Cellebrite Furthers Global Commitment and Partnerships with Global Law Enforcement Community at International Association of Chiefs of Police Conference

TYSONS CORNER, Va. and PETAH TIKVA, Israel and SAN DIEGO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ: CLBT), a global leader in Digital Intelligence (“DI”) solutions for the public and private sectors, wrapped up a four-day presence at the 2023 International Association of Chiefs of Police (IACP) Annual Conference and Exposition. More than 16,000 police chiefs and other senior law enforcement professionals attended the single largest and most impactful law enforcement event of the year.

“IACP is a landmark event in the law enforcement community, and we are pleased to take this opportunity to reinforce our strong ties and relationships with law enforcement professionals,” said Yossi Carmil, Cellebrite CEO. “These officials understand perhaps better than most, how our shared mission for justice never sleeps, and I am incredibly grateful for their passion, drive and dedication. I am equally grateful for my team for their unrelenting efforts in support of our business and customers around the world.”

Highlights of Cellebrite’s event presence include:

• Center-floor exhibition booth space with demonstrations and presentations of the full suite of Cellebrite end-to-end solutions for the public sector including Pathfinder and Guardian;
• Cellebrite’s CEO and President of North America convened with DEA senior leadership, 132 senior law enforcement and chief leaders to discuss streamlining and modernizing the handling of digital data from time of extraction to prosecution;
• Multiple meetings with key officials representing many of the largest cities across America with 60 product demonstrations and more than 500 times as many booth visits when compared to 2022;
• An interactive “Solve Suite” where law enforcement gained hands-on experience using Cellebrite’s powerful digital intelligence solutions, including demoing its newest innovation, Smart Search, which led a police chief to expedite a request for Cellebrite solutions that was sitting on his desk;
• Panel moderation by Jared Barnhart, Digital Intelligence Specialist at Cellebrite, with key partners in the fight against human trafficking, including the National Center for Missing and Exploited Children (NCMEC), the Exodus Road and Raven – this powerful panel was one of the top-attended programs at the event;
• Presentation of “Unraveling Crime Mysteries” with Jared Barnhart, Digital Intelligence Specialist at Cellebrite, who shared his law enforcement expertise while discussing real-world examples of how digital intelligence solutions can enhance investigations to solve cases faster, smarter and more defensibly to accelerate justice;
• Connect Lounge Sponsorship, a popular meeting spot for law enforcement professionals to network with one another
  

The panel discussion on child trafficking was a remarkable convergence of global leaders committed to safeguarding children worldwide. They united to synergize their collective expertise for an accelerated mission. It called upon all law enforcement agencies and technology vendors to integrate cutting-edge solutions and increase the number of rescued children. The “Unraveling Crime Mysteries” presentation illuminated cases solved through technology, emphasizing the need for agencies to adopt smarter, tech-driven approaches. In its entirety, these platforms at IACP emphasized Cellebrite's unwavering commitment to collaborate with philanthropic and agency partners, aiming to make the modernization of investigations a reality, simplifying and expediting critical cases.

“I am so proud to be part of the Cellebrite team and to witness the partnership we have with the brave individuals in law enforcement both stateside and around the world,” Marque Teegardin, President, Cellebrite Americas. “Our agile, global team is steadfast in our support for one another, and we remain committed to ensuring our customers and partners are always equipped, ready and Cellebrite-powered.”

Media Contact:
Victor Cooper
Sr. Director of Corporate Communications + Content Operations
Victor.cooper@cellebrite.com
+1 404.804.5910

Investor Relations Contact:
Andrew Kramer
Vice President, Investor Relations
investors@cellebrite.com
+1 973.206.7760

About Cellebrite
Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more, visit us at www.cellebrite.com and https://investors.cellebrite.com.

HITACHI ENERGY PASSES 150 GW IN HVDC LINKS INTEGRATED INTO THE POWER SYSTEM, EXPANDS CAPACITY TO MEET ACCELERATING ENERGY TRANSITION DEMAND

• $3 billion investment globally, in manufacturing and engineering footprint, R&D and partnerships • Workforce expansion with more than 8,000 people hired • 150 GW of HVDC links integrated into the power system by Hitachi Energy


Zurich, Switzerland, Oct 24 (Bernama-GLOBE NEWSWIRE) -- Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has enabled more than 150-gigawatts (GW) of high-voltage direct current (HVDC) links around the world integrated into the power system – sufficient to meet the peak power demand for Japan. The announcement follows the delivery of the first power from Dogger Bank, the world's largest offshore wind development, via the UK’s first-time use of HVDC technology on a wind farm. 

The company has consistently expanded its capacity to meet accelerating demand driven by the clean energy transition. Since 2020, when Hitachi began its strategic investment, Hitachi Energy has increased its workforce by more than 8,000. Within the same period, the company also invested $3 billion in manufacturing and engineering footprint, and Research & Development (R&D), expanding collaboration and driving the company to become the strategic partner throughout the customers' entire lifecycle.

"Electricity will be the backbone of the entire energy system and will help to drive the clean energy transition. Today’s announcement shows how we are enabling our customers to accelerate the development of the power grids that energy system requires," said Claudio Facchin, CEO of Hitachi Energy.

The continuing investments are in line with the Hitachi Energy 2030 Plan and Hitachi's Mid-term Management Plan 2024.

Investments in the three focus areas of Hitachi Energy 2030 Plan:

1. Continuously strengthening the power grid core business
The company has invested heavily in expanding capacity and new hires across the globe in Europe, the Middle East and Africa, North and South America, and Asia Pacific. Examples from this year alone are the power quality factory and the global technology and innovation center in India, and the transformer factory in China. In addition, it has recently invested in Sweden, Switzerland, and the US.

Investments in R&D 
Sustainable solutions: EconiQ™ contains no sulfur hexafluoride (SF₆) proven to significantly reduce carbon footprint throughout the entire life cycle. Next-generation power semiconductors like RoadPak for e-Mobility. Digital technologies like Lumada Asset Performance Management and IdentiQ™ for HVDC and power quality.

2. Doubling efforts on digital and services and expansion at the edge of the energy system
Digitalization and Service: The new generation of Lumada Asset Performance Management software solution features advantages of Artificial Intelligence; the acquisition of majority stake in eks Energy, a power conversion technology provider to enhance storage and flexibility at the edge of the energy system. 

3. Innovation, synergies, partnerships, and M&A to accelerate growth
Increasingly strong collaborations have led to new business models, framework agreements for capacity reservation, and global standards, allowing for better planning to meet demands. Some key projects enabled by the company’s technologies are Champlain Hudson Power Express, TenneT’s 2GW Program, and Project Lightning, a first-of-its-kind subsea power transmission project.

The IEA report, “Electricity Grids and Secure Energy Transitions” states that grid investment needs to nearly double by 2030 to over $600 billion per year after stagnation at the global level, and building out of grids requires a secure supply chain and a skilled workforce.  

Rapid electrification of transport, buildings, and industries is increasing the demand for secure, sustainable, and flexible electricity globally. The company is committed to continuously strengthening its business toward the forecast of the 2050 energy system; where it sees an installed global power generation capacity of four times today and a transfer of electrical energy, which is three times compared to what it is today.

“Since we started the journey with Hitachi in July 2020, we have been able to accelerate our growth and expansion, also leveraging synergies across Hitachi Group,” Facchin added. “With more than a century of energy expertise, combined with digitalization as an enabler, we can scale at pace and provide innovative services and solutions to our customers. As Hitachi, we have a unique position across IT, OT and product capabilities to support our customers throughout the entire lifecycle.”

                                                                                                                                 -END-

About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of “Digital Systems & Services” - supporting our customers’ digital transformation; “Green Energy & Mobility” - contributing to a decarbonized society through energy and railway systems, and “Connective Industries” - connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

Attachments

• Hitachi Energy passes 150 GW in HVDC links integrated into the power system, expands capacity to meet accelerating energy transition demand
• Hitachi Energy passes 150 GW in HVDC links integrated into the power system, expands capacity to meet accelerating energy transition demand

Jocelyn Chang
Hitachi Energy
media.relations@hitachienergy.com

SOURCE : Hitachi Energy Ltd.

IRDETO, ANYPOINT MEDIA PARTNER TO PROVIDE END-TO-END ADVERTISING PLATFORM

 

KUALA LUMPUR, Oct 24 (Bernama) -- Irdeto, the digital platform cybersecurity leader, has partnered Anypoint Media, the ad-tech company provider of FLOWER, a linear advertising platform for television (TV) & over-the-top (OTT) service providers worldwide.

In a statement, Irdeto said it has integrated Anypoint Media’s Flower Ad Server into its Server Side Ad Insertion (SSAI) product and onto its Android TV Hybrid Box offering.

Irdeto Chief Operating Officer of Video Entertainment, Andrew Bunten said the partnership with Anypoint Media will complement the company’s advertising offering and open the door for increased capitalisation on the growing broadcast and online advertising market in the  Asia Pacific region.

Meanwhile, Anypoint Media Chief Executive Officer, Won Baek said: “We are pleased to be partnering with Irdeto, to enable an end-to-end advertising solution that will work on OTT and hybrid set-top boxes alike, enabling publishers’ opportunity to generate increased advertising revenue lift on both their live and VOD content, using either CSAI or SSAI.”

Anypoint Media offers best-in-class addressable TV and OTT advertising solutions, with a proven track record of over seven years in commercial services for major Tier-1 accounts, such as SKB, LGU+ and Telkom Indonesia.

Dynamic Ad Insertion is an important part of publishers’ ad sales strategy and with Irdeto SSAI for OTT streams and Anypoint Media’s CSAI for Hybrid Set Top Boxes, a high quality, seamless experience is possible by making ad breaks addressable to give the user a more personalised advertising experience during live events on linear channels.

The new solution will enable customers to personalise advertisements based on individuals’ profiles, while also minimise the impact of ad blocking, and eliminate timeout and black screen during ad playback caused by device fragmentation.

By stitching the ads directly into the video content, providers can transition from content, to ad, and back to content, providing the same seamless user experience as live broadcast TV.

Each ad break is tailored to the audience, based on their viewing history, device, demographics and geographical location. Once the ad server has selected the ads, Irdeto SSAI stitches the ad into the content stream before reaching the viewer’s playback device.

-- BERNAMA

CLOUDBEDS EXPANDS PROPRIETARY PAYMENT SOLUTION TO MORE THAN 36 COUNTRIES

The fully integrated Cloudbeds Payments drives efficiencies in operational costs and mitigates risk of payment fraud in hospitality industry

SAN DIEGO, Oct 20 (Bernama-GLOBE NEWSWIRE) -- Cloudbeds, the hospitality management platform powering more reservations and happier guests for lodging businesses around the globe, today announced the expansion of its in-platform payment processing solution, Cloudbeds Payments, to 36 countries globally, allowing tens of thousands of hoteliers to reduce operating costs associated with payment fraud, chargebacks, manual reconciliation, and human error. The expanded solution is designed to reduce friction for guests in the payment process through new payment method options and e-commerce features such as Pay by Link.

With this update, Cloudbeds Payments now services the United States, Canada, Mexico, most of Europe, Australia, New Zealand, and Singapore. The global expansion of services will also include the ability to add regional payment methods, such as Interac in Canada, OXXO in Mexico, SEPA in Europe, as well as various “Buy Now, Pay Later” (BNPL) options. Cloudbeds also plans to release a new Tap to Pay feature in its upcoming mobile app, allowing hoteliers to instantly take contactless payments via a mobile device while on property. 

“At Cloudbeds we understand the unique pain points facing the hospitality industry and the frustrations of dealing with large payment gateway providers,” said Chad Brubaker, Senior Director of Product at Cloudbeds. “We’ve expanded the Cloudbeds Payments solution to further address industry-specific issues and empower hoteliers and hosts to hold a stronger position in the payment processing space that traditionally favors card brands and banks.”  

Cloudbeds Payments takes security protection one step further by using machine learning and A.I. technology to identify potential high-risk credit card transactions. Credit cards with a high-risk score will be automatically denied, helping hoteliers more easily protect themselves against fraud.
 

For more information about Cloudbeds Payments, please visit https://www.cloudbeds.com/payments


About Cloudbeds
Cloudbeds is the platform that powers hospitality, enabling tens of thousands of lodging businesses in more than 150 countries worldwide to grow and thrive. The award-winning Cloudbeds Platform brings together technology solutions to increase revenue, delight guests, and streamline operations into a single unified system, enhanced by a curated marketplace of third-party integrations. Founded in 2012, Cloudbeds was named No. 1 PMS, No. 1 Hotel Management System, and No. 1 Guest Messaging Software by Hotel Tech Report in 2023 and was recognized as a major player in the 2022 IDC Marketscape Report. For more information, visit www.cloudbeds.com.

Attachment

·        Cloudbeds Payments 

SOURCE: Cloudbeds

--BERNAMA

BEST'S MARKET SEGMENT REPORT: AM BEST MAINTAINS NEGATIVE OUTLOOK ON TAIWAN'S NON-LIFE INSURANCE SEGMENT

HONG KONG, Oct 20 (Bernama-BUSINESS WIRE) -- AM Best is maintaining a negative outlook on Taiwan’s non-life insurance segment, citing increased reinsurance costs and a decline in the investment asset base, as some assets were liquidated to pay pandemic-related claims.

The Best’s Market Segment Report, “Market Segment Outlook: Taiwan Non-Life Insurance”, states that the non-life segment suffered a huge net loss of TWD 173 billion (USD 5.4 billion) in 2022 due to the pandemic, which outstripped the cumulative earnings of the last decade. In addition, insurers needed to sell off investments to pay pandemic-related claims, and saw total investments shrink nearly 20% in 2022. Some non-life insurers continued to see unfavourable claims development and reported net losses in the first quarter of 2023, but the majority had returned to operating profitability as of second-quarter 2023. Insurers also have adopted more conservative investment strategies and de-risked their portfolios. The local stock market has recovered through the first nine months of 2023; however, non-life insurers continue to grapple with the low interest rate environment and volatility in operating results through capital gains and losses.

“Weaker capitalisation will become the new normal following the Taiwanese non-life segment’s huge pandemic insurance losses,” said Madison Fan, financial analyst, AM Best. “The industry’s average capitalisation has rebounded strongly thus far in 2023 but remains materially below pre-pandemic levels.”

AM Best expects full-year 2023 operating performance to be bolstered by the recovery in the capital markets and reserve releases, given that pandemic policies have all matured, and ultimate claims should be close to fully developed. One counterbalancing factor to the favourable operating performance is heightened reinsurance costs due to the current hardening cycle in the global reinsurance market.

“The January 2023 renewal season was described as one of the toughest in the past decade, and the market expects that reinsurance rates will again increase in the 2024 renewals,” said Stephanie Mi, financial analyst, AM Best. 

http://mrem.bernama.com/viewsm.php?idm=47287

STEEL DECARBONISATION SET TO REDEFINE SUPPLY CHAINS - WOOD MACKENZIE

KUALA LUMPUR, Oct 19 (Bernama) -- The steel industry is set to undergo a significant transformation as decarbonisation efforts accelerate, according to the latest Horizons report from Wood Mackenzie, the global insight business for renewables, energy and natural resources.

Titled Metalmorphosis: how decarbonisation is transforming the iron and steel industry, the report highlights the emergence of new metallic hubs and the reshaping of steel production and global trade patterns.

Wood Mackenzie's latest report says electric-arc furnace (EAF) technology, increased use of green feedstock, and evolving carbon policies will play a crucial role in this transformation.

According to a statement, low-carbon intensive EAF production accounts for 28 per cent of global steel output, projected to rise to 50 per cent by 2050, in which an investment of US$130 billion will be required to achieve this goal. (US$1=RM4.76)

Furthermore, the shift towards less carbon-intensive steel will drive the demand for greener feedstocks such as Direct Reduced Iron (DRI) and high-grade scrap.

Wood Mackenzie predicts that the share of these feedstocks in total metals demand will increase from 36 per cent to 54 per cent by 2050, leading to new production, processing and trading hubs for low-carbon iron and scrap.

As DRI production and trade rise will create investment and revenue generation opportunities across the value chain, Wood Mackenzie forecasts a doubling DRI capacity within 30 years, requiring an estimated US$80 billion investment.

Wood Mackenzie indicates that the location of new green DRI centres will be determined based on their proximity to low-carbon hydrogen production. This is particularly important given the uncertainties surrounding the transportation and storage of traded hydrogen.

Decarbonising the iron and steel industry, which currently accounts for approximately eight per cent of global carbon emissions, is a challenging but achievable goal.

With the right levels of investment and policy support, this transformation has the potential to redefine trade patterns and the value chain.

-- BERNAMA

PSA AND UOB RECOGNIZED FOR CREATIVE USE OF OPEN SOURCE AT THE RED HAT APAC INNOVATION AWARDS 2023 FOR SINGAPORE

The winners were recognized for their achievements in leveraging Red Hat solutions to drive innovation and deliver exceptional customer experiences in an ever-changing landscape. 

SINGAPORE, Oct 18 (Bernama-BUSINESS WIRE) -- Red Hat, Inc., the world’s leading provider of open source solutions, announced the winners of the Red Hat APAC Innovation Awards 2023 for Singapore today. Red Hat is honoring the remarkable achievements of PSA Corporation Limited and UOB for their outstanding use of Red Hat solutions to foster innovation, showcase their ingenuity, and elevate customer experiences in an ever-evolving business environment.

In an environment of economic fluctuations and technological upheavals, Red Hat continues with the theme “Explore what’s next” at this year’s Red Hat APAC Innovation Awards. This year’s accolades celebrate the exceptional accomplishments of organizations in adapting to today’s uncertain landscape, proudly recognizing the digital transformation achievements of 31 organizations from 13 countries in the region. By harnessing the power of open source creatively, these remarkable organizations propel themselves forward while prioritizing unforgettable customer experiences. Their unwavering resilience, strategic thinking, and ingenious utilization of Red Hat solutions have allowed them to conquer new business challenges and stay one step ahead of evolving customer demands.

Amid growing uncertainty, innovation still stands tall as a priority for businesses. According to the Red Hat 2023 Global Tech Outlook, businesses continue to rank innovation as a powerful differentiator, allowing organizations to rise above their competitors and forge their unique path to success. The awards’ five categories focus on key technologies that can help businesses stand out amid today’s uncertain landscape: Digital Transformation, Hybrid Cloud Infrastructure, Cloud-native Development, Automation, and Resilience.

The winners were selected based on the positive impact their Red Hat deployments had on their business goals. They showcase the possibilities of open source, pushing the boundaries of business processes, productivity, innovation, and resilience.

Category: Automation 

http://mrem.bernama.com/viewsm.php?idm=47276

SIMPRO DEBUTS SIMPROSIUM ROADSHOW TO ACCELERATE DIGITAL TRANSFORMATION

 

KUALA LUMPUR, Oct 18 (Bernama) -- Simpro, the total business management software for commercial and residential trade service businesses, hosted its first user conference, Simprosium, across four cities in Australia and New Zealand.

The roadshow, titled "Turn Chaos into Clarity," attracted a diverse audience of more than 700 Simpro customers, industry experts and ecosystem partners eager to learn about the latest platform features and celebrate the company's momentum.

The overall theme of Simprosium centred around supporting customers as they navigate the adoption of new technology innovations shaping the future of the trades industry while providing an open forum as Simpro continues to build a community.

Simpro Chief Executive Officer, Gary Specter said the Simprosium roadshow was all about meeting its customers and understanding what is top of mind for them.

“It was an invigorating and humbling experience to be met with such honesty, enthusiasm and excitement around the community we will be building together,” he said in a statement.

New Simpro product features were announced including security enhancements to improve customer experience, integration of Stripe payment processing software and new business intelligence (BI) reporting features and dashboards, as well as the incorporation of ClockShark time tracking capabilities to the platform and new digital form enhancements.

The adoption of these new Simpro product features is vital to helping trade service businesses reduce time spent on admin tasks, meet the needs of their digital-savvy customers and grow exponentially.

Attendees of the inaugural roadshow heard from Simpro’s leadership, partners and customers on topics around inflation, staff retention and how leveraging data to drive company insights can support company innovation.

Customer discussions centred around adaptability, highlighting how business leaders respond to change and how Simpro facilitates and drives these transformations, which also focused on BI reporting and underscored the significance of BI tools in steering growth and investments within this industry.

With the success of this inaugural event, Simpro plans to activate these conferences in its growing United States and the United Kingdom markets in 2024, in which this move is a testament to Simpro's dedication to fostering a thriving community with its customers.

-- BERNAMA

GMAC UPDATES GMAT EXAM, REPLACES CURRENT VERSION ON FEBRUARY 2024

KUALA LUMPUR, Oct 17 (Bernama) -- The Graduate Management Admission Council (GMAC), a global association representing leading business schools, is geared up for testing of the Graduate Management Admission Test (GMAT) Focus Edition to begin on Nov 7.

In a statement, GMAC said the updated edition will replace the current version of the GMAT Exam on Feb 1, 2024 and become the only version of the GMAT available for candidates aspiring for their dream business education.

“Our shared priorities are to ensure that the GMAT Focus Edition assesses the most relevant and in-demand skillsets like data analytics, problem solving and critical reasoning, and to help each candidate perform at their best by putting them in control of more flexible testing and score sending options,​” said GMAC Chief Executive Officer, Joy Jones.

On the other hand, Singapore Management University associate provost of postgraduate professional education and GMAC board newly elected chair, Themin Suwardy said since its launch in 1954, the GMAT has been the gold standard in graduate business education exam.

“Top business schools around the world accept it more than any other alternative because it’s the only assessment designed for today’s graduate business programme and proven to reliably evaluate business school candidates and predict their success in the classroom,” he said.

Backed by seven decades of leadership in graduate business school education and admissions, the GMAT is accepted by more than 7,700 programmes and 2,400 business schools worldwide.

The test was redesigned with a more efficient test taking experience and flexible features to better support as well as encourage more candidates on their business school journey.

Owned and administered by GMAC, the GMAT exam is the most widely used graduate business school assessment.

-- BERNAMA

BEST'S MARKET SEGMENT REPORT: AM BEST MAINTAINS STABLE OUTLOOK ON JAPAN'S LIFE INSURANCE MARKET

HONG KONG, Oct 17 (Bernama-BUSINESS WIRE) -- AM Best has maintained its stable outlook on Japan’s life insurance market segment, citing in part the prospects for higher premium income based on rising interest rates, according to a new AM Best report.

In a new Best’s Market Segment Report, titled, “Market Segment Outlook: Japan Life Insurance,” AM Best notes an increase in sales for foreign currency-denominated savings products amid the rise in foreign interest rates, which should bolster premium income for Japan’s life insurers. Additional factors include potentially higher domestic interest rates and expected improvement in core profits due to the decline in COVID-related benefit payments.

Japan’s life insurers have posted positive top-line growth in recent years; however, their core profits were adversely affected by pandemic-related losses and higher foreign-currency hedging costs in fiscal year 2022, which ended 31 March 2023. In view of Japan’s current operating environment and the significant drop in COVID-related claims, AM Best expects that the Japanese life insurers’ premium income will be stable for the remainder of the current fiscal year (ending 31 March 2024).

“Most life companies have maintained very strong capital positions amid heightened financial market volatility over the last 12 months,” said Charles Chiang, senior financial analyst, AM Best. “In our view, the Japanese life insurers’ adequate capital buffers will help them withstand the potential impact of volatility in both the domestic and global financial markets, as well as potentially higher domestic interest rates.”

The report also notes that, despite several long-term challenges—including an aging and shrinking population that limits the growth of Japan’s economy and life insurance market—life insurers’ operating performance will benefit from the improvement in core profits and a rise in investment income due to potentially higher domestic interest rates over the near term. 

http://mrem.bernama.com/viewsm.php?idm=47265

Smart City Expo to hold in 2023 its biggest edition ever

BARCELONA, Spain, Oct 17 (GLOBE NEWSWIRE) -- Smart City Expo World Congress (SCEWC), the international summit on cities and smart urban solutions, organized by Fira De Barcelona, will hold its biggest edition to date in 2023. Taking place from November 7^th to 9^th, the event's theme is "Welcome to the New Urban Era" and it is set to break records with a 55% increase in exhibition floorspace and 20% more attendees compared to previous years. Over 1,000 exhibitors, 25,000 delegates, and representatives from more than 800 cities and 140 countries are expected to travel to Barcelona.

SCEWC is a global showcase for innovative urban solutions and projects that focus on transforming cities into more sustainable, efficient, and livable spaces. To achieve this goal, the congress will structure its program into eight main tracks: Enabling Technologies, Energy & Environment, Mobility, Governance, Living & Inclusion, Economy, Infrastructure & Buildings, Safety & Security, and Blue Economy.

The event will feature a lineup of 600 speakers, including notable figures such as computer scientist and expert in Algorithmic bias Margaret Mitchell, AI-specialized lawyer Micaela Mantegna, and sustainable development expert Claire O’Neill, the former UK Minister for Energy & Clean Growth.

Airbnb and FC Barcelona, keynotes

Amongst the highlights of SCEWC are the keynotes from Airbnb and FC Barcelona. The co-founder and Chief Strategy Officer of Airbnb, Nathan Blecharczyk, who will discuss how the company faces the future and wants to help tackle overtourism through new features to help disperse guests and benefits across Europe.

The representatives of FC Barcelona will explain how the club is leading the transformation of the surroundings of its stadium to redefine the urban fabric through enhanced infrastructure and sustainability aiming to build a new city landmark and improve the quality of life for its residents.

In addition, SCEWC has fully booked its exhibition floorspace, with companies such as AWS, Aramco, Axis, Cisco, Dassault Systemes, Dell, Deloitte, FCC, Honeywell, Microsoft, Nvidia, PWC, Roshn, Siemens, Smart Ports: Piers of the Future, and Veolia.

The event will also feature pavilions from cities and countries including Brazil, China, Estonia, France, Germany, India, Israel, Italy, Japan, Korea, Mexico, Nordics, Poland, Portugal, Saudi Arabia, and USA, among others.

SCEWC will feature three co-located events, Tomorrow.Building, Tomorrow.Mobility, and Tomorrow.BlueEconomy, that focus on specific topics such as construction, transportation, and the opportunities of the sea for coastal cities, further establishing Barcelona as a global hub for innovative urban solutions.

For media requests please contact:

Salvador Bilurbina
email: sbilurbina@firabarcelona.com
phone: +34628162674

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d0b5b3fa-5e84-4649-919e-accfcf53592e

 

Source: Fira De Barcelona

 

NX SINGAPORE MARKS 50TH ANNIVERSARY SINCE INCEPTION

KUALA LUMPUR, Oct 17 (Bernama) -- Nippon Express (Singapore) Pte Ltd (NX Singapore) a group company of Nippon Express Holdings Inc (NXHD), celebrated its 50th anniversary to commemorate the company’s founding, on Sept 22 at Singapore.

NX Singapore President, Hiroyuki Yamazaki expressed his gratitude to the company's customers, business partners, and employees for their support heretofore, and gave a presentation on its vision and initiatives for the future.

Meanwhile, Ambassador Extraordinary and Plenipotentiary of Japan to Singapore, Hiroshi Ishikawa delivered a congratulatory address on behalf of the guests of honour, according to a statement.

The ceremony was attended by about 450 people, including guests from the Embassy of Japan in Singapore, the Singapore Economic Development Board, the Japanese Chamber of Commerce & Industry Singapore, and other relevant organisations as well as NXHD President, Mitsuru Saito from the NX Group.

As a global logistics company, NX Singapore will continue contributing to society through logistics to support the development of its customers and Singapore.

-- BERNAMA

LIVERAMP AND YAHOO PARTNER TO SCALE ADDRESSABILITY ACROSS THE AD ECOSYSTEM

Publishers, marketers, and more will be able to leverage better post-signal connectivity


NEW YORK, Oct 17 (Bernama-BUSINESS WIRE) -- LiveRamp (NYSE: RAMP), the leading data collaboration platform, and Yahoo today announced an expanded partnership to scale addressability and enhance reach and interoperability within the advertising ecosystem. With this partnership, publishers using LiveRamp’s Authenticated Traffic Solution (ATS) will now be able to take advantage of cookieless identity solution, Yahoo ConnectID, and unlock additional addressable demand.

Further, brands that leverage the Yahoo DSP can achieve greater reach through Yahoo ConnectID, which benefits from RampID and the expanded scale of LiveRamp’s Authenticated Traffic Solution.

Yahoo ConnectID is powered by direct consumer relationships of nearly 200M authenticated users in the U.S., enabling omnichannel addressable inventory across all of the Yahoo owned-and-operated properties and thousands of other publisher domains. RampID and LiveRamp’s Authenticated Traffic Solution power LiveRamp’s person-based approach to identity, enabling authenticated addressability across browsers, mobile devices, and CTV, at scale across hundreds of destinations. Clients will be able to develop deeper customer relationships, create value throughout the customer journey, and maintain control of data.

Publishers who have adopted LiveRamp’s Authenticated Traffic Solution will be able to integrate with Yahoo ConnectID with minimal effort and better monetize their addressable supply. More than 450 brands already work with LiveRamp to use their first-party data to personalize consumer experiences.

Publishers and marketers can benefit from this partnership without any additional configuration or resources for authenticated audiences at scale, delivering customized experiences everywhere it matters. Publishers should expect to see increased monetization on their authenticated inventory via Authenticated Traffic Solution as Yahoo ConnectID will now be available as an identifier. Further, marketers looking for post-signal loss solutions will have increased reach of authenticated users across publishers that have adopted RampID and/or Yahoo ConnectID via the Yahoo DSP.

“We strongly believe in authenticated addressability, and this partnership enables greater reach that will endure beyond third-party signal loss,” said Elizabeth Herbst-Brady, Chief Revenue Officer at Yahoo. “We’re making it easier for marketers and publishers to leverage these solutions and maximize results, while simultaneously supporting more seamless transactions across the open web.”

“Yahoo is a powerful advocate for authenticated identity, and the connectivity we’re partnering to enable across their DSP and Yahoo ConnectID will help make the post-signal world a better experience for marketers than the world of today,” said Travis Clinger, SVP, Activations and Addressability, LiveRamp. “Marketers and publishers now have even more flexibility to engage, personalize, and measure their customer journey.”

About LiveRamp

LiveRamp is the data collaboration platform of choice for the world’s most innovative companies. A groundbreaking leader in consumer privacy, data ethics, and foundational identity, LiveRamp is setting the new standard for building a connected customer view with unmatched clarity and context while protecting precious brand and consumer trust. LiveRamp offers complete flexibility to collaborate wherever data lives to support the widest range of data collaboration use cases—within organizations, between brands, and across its premier global network of top-quality partners.

Hundreds of global innovators, from iconic consumer brands and tech giants to banks, retailers, and healthcare leaders turn to LiveRamp to build enduring brand and business value by deepening customer engagement and loyalty, activating new partnerships, and maximizing the value of their first-party data while staying on the forefront of rapidly evolving compliance and privacy requirements. LiveRamp is based in San Francisco, California, with offices worldwide. Learn more at LiveRamp.com.

About Yahoo

Yahoo reaches nearly 900 million people around the world, bringing them closer to finance, sports, shopping, gaming and news—with the trusted products, content and tech that fuel their day. For partners, we provide a full-stack platform for businesses to amplify growth and drive more meaningful connections across advertising, search and media. To learn more, please visit yahooinc.com.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20231016463270/en/

Contact

Michelle Millsap
pr@liveramp.com

Source : LiveRamp

CLOUDFLARE DETECTS VULNERABILITY BEHIND LARGEST ATTACK IN INTERNET HISTORY

KUALA LUMPUR, Oct 11 (Bernama) -- Cloudflare Inc, the connectivity cloud company, announced it has helped lead the disclosure of a new novel zero-day vulnerability, dubbed “HTTP/2 Rapid Reset”, alongside industry peers to make the Internet more secure for everyone.

According to Cloudflare in a statement, this global vulnerability gives attackers the ability to generate attacks larger than anything the Internet had seen before.

To help mitigate the impact of this new threat for the entire Internet ecosystem, Cloudflare developed technology purpose-built to automatically block any attack leveraging Rapid Reset for its customers.

Cloudflare successfully mitigated these issues and halted potential abuse for all customers, while simultaneously kicking off a responsible disclosure process with two other major infrastructure providers, to extend mitigations for this vulnerability to a large percentage of the Internet prior to disclosing its existence to the general public.

“Successfully mitigating this threat for every critical infrastructure organisation, customer and the Internet at-large is the lifeblood of what Cloudflare stands for.

“We are one of the only companies equipped to identify and address threats of this magnitude, at the speed required to maintain the integrity of the Internet,” said Cloudflare Chief Executive Officer, Matthew Prince.

In late August, Cloudflare discovered a zero-day vulnerability, developed by an unknown threat actor. The vulnerability exploits the standard HTTP/2 protocol, a fundamental piece to how the Internet and most websites operate.

“Rapid Reset” provides threat actors with a powerful new way to attack victims across the Internet at an order of magnitude larger than anything the Internet has seen before.

Based on Cloudflare's data, several attacks leveraging Rapid Reset were nearly three times larger than the largest distributed denial-of-service (DDoS) attack in Internet history.

At the peak of this DDoS campaign, Cloudflare recorded and handled over 201 million requests per second (Mrps), as well as the mitigation of thousands of additional attacks following.

-- BERNAMA

SOREN BJORN NAMED CEO OF DRISCOLL'S

^{Soren Bjorn, Driscoll's incoming CEO (Photo: Business Wire)}


Current Driscoll’s Chairman and CEO J. Miles Reiter to Retire in January 2024, Become Executive Chairman


WATSONVILLE, Calif., Oct 12 (Bernama-BUSINESS WIRE) -- Driscoll’s Board of Directors has elected Soren Bjorn, currently president of Driscoll’s of the Americas, as the company’s new CEO. He will assume the role in January 2024 and oversee the company’s global day-to-day operations. J. Miles Reiter, the current chairman and CEO of Driscoll’s, has announced his plan to retire at the end of the year and become Executive Chairman of the family-owned company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231010818088/en/
 

 

Bjorn joined Driscoll’s, the world’s berry company, in 2006 and has been involved in nearly every facet of the business over the past 17 years. As the former senior vice president of international business and global technologies, he led business development in Europe, South America, and Australia, as well as global R&D and breeding. He became the leader of Driscoll’s business unit in North America in 2013 and was elevated to his current position as president of Driscoll’s of the Americas in 2017.

Driscoll’s berries are beloved by consumers worldwide, making it one of the top retail grocery brands. As the incoming CEO, Bjorn’s priorities are to maintain the company’s thriving culture and continue accelerating its global growth. Drawing from his experiences leading R&D and innovation, he will also guide the company’s efforts to implement new technologies that improve operational efficiencies and ensure the business remains resilient against industry-wide challenges such as climate change.

“I’m humbled that Miles, the Board, and the thousands of Driscoll’s team members around the world have entrusted me to guide the company into its future,” Bjorn said. “Miles’ legacy is the power and clarity of Driscoll’s mission, vision, and values. He has used them to guide every decision and action for the company. As the new steward of Driscoll’s, I fully commit to all our employees, partners and customers that I will build upon his legacy and honor these same principles.”

An Enduring Legacy

Miles Reiter has been involved in the berry business in some capacity for much of the past 70 years. After college, he became a berry grower in California’s Pajaro Valley in the 1970s and was elected Chairman of the Board of Directors in 1988. Reiter has twice served as the company’s CEO – once from 2000-2015 and again from 2018-present.

“Generations of my family before me and, I suspect, generations after, have been or will be, deeply involved in this always fascinating business,” Reiter said. “A particular pleasure has been to get to know the people who make up our global team of employees, independent growers, industry partners and retail customers, whether it be in the field, at a work site, in the market, over a meal, or best yet, all of the above.”

He added, “It’s now time for me to step aside as CEO. Along with our Board of Directors, I have sought a new leader who is deeply committed to our values, our mission, and a future in which Driscoll’s becomes the world’s berry company, enriching the lives of everyone we touch. It is with great enthusiasm and confidence that we appoint Soren as the new CEO. His deep global knowledge of the berry business, powerful intellect, sound judgment, and contagious sense of humor make him uniquely qualified for this role.”

About Driscoll’s

Driscoll’s is the global market leader of fresh strawberries, blueberries, raspberries, and blackberries. With more than 100 years of farming heritage, Driscoll’s is a pioneer of berry flavor innovation and the trusted consumer brand of Only the Finest Berries™. With more than 900 independent growers around the world, Driscoll’s develops exclusive patented berry varieties using only traditional breeding methods that focus on growing great-tasting berries. A dedicated team of agronomists, breeders, sensory analysts, plant pathologists, and entomologists help grow baby seedlings that are then grown on local family farms. Driscoll’s berries are grown in more than 20 countries and are available for consumers in more than 40 countries across North America, Australia, Europe, and China.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20231010818088/en/

Contact

Frances Dillard
press@driscolls.com

Source : Driscoll’s

KROLL HIRED TO SAFEGUARD CHARGED ASSETS OF GREAT LEARNING, BPL

KUALA LUMPUR, Oct 11 (Bernama) -- Kroll Pte Limited (Kroll) announced that Cosimo Borrelli and Jason Aleksander Kardachi were appointed to safeguard the charged assets of Great Learning Education Pte Ltd (Great Learning) and Byju’s Pte Ltd (BPL).

In a statement, Kroll said the appointment was made on behalf of secured creditors of BYJU’s Alpha Inc, as part of the secured lenders’ exercise of their security rights following defaults by BYJU’s Alpha Inc.

A primary focus of the appointment is to protect and preserve the assets and businesses owned by Great Learning including its subsidiary, Northwest Education Pte Ltd (Northwest Education) and BPL.

The operations of Great Learning and Northwest Education are not impacted by the appointment and all courses and programmes offered by these businesses continue as usual.

Great Learning Founder and Chief Executive Officer, Mohan Lakhamraju continued his leadership of the Great Learning business and management team.

“I am happy to see the Kroll team's commitment towards Great Learning's high quality education and continued growth and look forward to collaborating with them towards the realisation of our mission of enabling career success through transformative learning,” said Lakhamraju.

Kroll is working closely with the management of Great Learning and Northwest Education to ensure the continued delivery of high-quality learning experiences and is committed to the smooth operations and continued growth of their business.

Kroll is the world’s premier provider of services and digital products related to valuation, governance, risk and transparency.

-- BERNAMA

AM BEST RESPONDS FAQ ON NATIONAL SCALE RATINGS

KUALA LUMPUR, Oct 10 (Bernama) -- A new Best’s Commentary has addressed frequently asked questions (FAQ) about Best’s National Scale Ratings (NSR) and how they compare with global Best’s Credit Ratings.

Global credit rating agency, AM Best in a statement said an NSR is a relative measure of the financial strength of insurers and reinsurers that are domiciled in the same country.

The NSR focuses on local insurance market characteristics and allows for a more appropriate comparison among domestic market participants, which over time should allow for greater differentiation among them.

AM Best currently assigns NSRs in Egypt, India, Indonesia, Mexico, the Philippines and Vietnam.

The commentary also addressed other issues such as when an NSR can be assigned; how NSRs are mapped from Best’s Issuer Credit Ratings; and whether country risk can influence an NSR.

Headquartered in the United States, AM Best does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.

-- BERNAMA

VINCSS NAMED BEST IN CLASS APAC PASSWORDLESS AUTHENTICATION BY FROST & SULLIVAN

 

KUALA LUMPUR, Oct 9 (Bernama) -- VinCSS, ​​a subsidiary of Vingroup has been awarded the 2023 Asia Pacific (APAC) New Product Innovation Award by Frost & Sullivan, following a research of the passwordless authentication landscape.

Based in Ho Chi Minh City, Vietnam, VinCSS stands out as a pioneer in leveraging FIDO2 standards for passwordless authentication, focuses on providing cybersecurity solutions for information technology (IT), Internet of Things (IoT), and Automotive.

“We are continuously evolving, and this accolade is a testament to our dedication. We remain, as always, the industry's trusted partner,” said VinCSS Chief Executive Officer and Founder, Simon Trac Do in a statement.

Meanwhile, Frost & Sullivan global cybersecurity industry principal, Anh Tien Vu said VinCSS sets itself apart from many competitors with a unique and innovative approach enabling customers to deploy its products across different environments while competitors only focus on addressing identity security challenges for the workforce.

Specialising in IT security, identity and access management, IoT security, automotive cybersecurity, VinCSS is consistently breaking new ground and has evolved from a startup to a leader in innovative product development and diversification within the cybersecurity industry.

VinCSS offers comprehensive passwordless authentication solutions via its FIDO2 Ecosystem, strengthening cybersecurity and bringing a significant upgrade in authentication, helping businesses follow authentication rules while making their operations more efficient.

With full control over its product lineup, VinCSS offers competitive pricing in which this strategy solidifies its leading role in the passwordless authentication market.

Beyond being a respected name in cybersecurity, VinCSS is emerging as a prime investment opportunity. As it approaches its financial break-even point and launches its Series B funding round, the company presents significant growth prospects.

-- BERNAMA

UniMed's Credit Ratings Remained Unchanged - AM Best

KUALA LUMPUR, Oct 6 (Bernama) -- New Zealand’s Union Medical Benefits Society Limited (UniMed) financial strength rating of A (Excellent) and “a” (Excellent) long term issuer credit rating which were affirmed on Sept 29, remained unchanged, according to global credit rating agency, AM Best.

This move follows the recently announced Letter of Intent to transfer the insurance portfolio of Accuro Health Insurance Society Limited (Accuro) to UniMed.

In a statement, AM Best said the outlook of these credit ratings (ratings) was stable.

Accuro, like UniMed, is a mutual company writing medical insurance in New Zealand. The proposal to undertake the portfolio transfer remains subject to a vote by Accuro members and regulatory approval by the Reserve Bank of New Zealand.

Subject to receiving these confirmations, the transaction is expected to be completed during the second quarter of 2024 (the fourth quarter of UniMed’s 2024 fiscal year ending 30 June).

Following the portfolio transfer, all Accuro members would become members of UniMed, with their existing cover and benefits remaining in place.

As the transaction progresses, AM Best will monitor the impact on UniMed’s operations and rating fundamentals.

-- BERNAMA

GSR Secures In-principle Approval For Singapore Major Payment Institution Licence

KUALA LUMPUR, Oct 3 (Bernama) -- GSR, the global cryptocurrency trading firm and liquidity provider, announced its Singapore subsidiary, GSR Markets Pte Ltd (GSR Singapore) has received In-Principle Approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution licence.

According to a statement, this licence represents a milestone in the group’s regulatory journey and allows GSR Singapore to better serve the cryptocurrency community.

“We are immensely grateful to MAS for their constructive oversight, which helps shape a growing digital asset ecosystem that we feel proud to be a substantial part of,” said GSR Group Chief Executive Officer, Jakob Palmstierna.

Meanwhile, the group’s Chief Operating Officer, Xin Song said: “We are delighted to be recognised as one of the first firms of our type to be granted this In-Principle Approval from an internationally respected regulator such as MAS.

“MAS has led the way providing a clear framework for digital asset utility, enabling us to deepen our local client partnerships, and continue in our critical role as a liquidity provider within the ecosystem.”

GSR is proud to have met the rigorous admission requirements set by MAS and will be working diligently towards a full licence.

The company remains committed to growing its presence in Singapore, leveraging it as a hub in Asia Pacific to invest in entrepreneurs across the region, and encouraging adoption of Web 3.0 technologies.

-- BERNAMA

DYADIC TO PRESENT AT INDUSTRY AND INVESTOR EVENTS IN OCTOBER

JUPITER, Fla., Oct 2 (Bernama-GLOBE NEWSWIRE) -- Dyadic International, Inc. (“Dyadic”, or the “Company”) (NASDAQ: DYAI), a global biotechnology company focused on building innovative microbial platforms to address the growing demand for global protein bioproduction and unmet clinical needs for effective, affordable and accessible biopharmaceutical products for human and animal health, and alternative proteins for food, nutrition and wellness, today announced that its management will be presenting at the following industry and investor events during the month of October:

Enzyme Engineering XXVII, October 1-6, 2023
Park Royal Hotel, Singapore
Dr. Ronen Tchelet, Chief Scientific Officer
“The use of in silico analysis to engineer the best immunogenic epitope and produce the corresponding prophylactic antigen-based vaccines with C1 production platform in order to rapidly respond to viral pandemics”
Wednesday, October 4, 2023, 11:00 AM – 11:30 AM

LD Mirco Main Event XVI, October 3-5, 2023
Luxe Sunset Blvd Hotel, Los Angeles, CA
Mark Emalfarb, President, and Chief Executive Officer
“Next Generation Proteins for World Health, Nutrition and Wellness”
Wednesday, October 4, 2023, 8:00 AM – 8:25 AM

World Vaccine Congress Europe, October 16-19, 2023
Fira de Barcelona Montjuic, Barcelona, Spain
Mark Emalfarb, President, and Chief Executive Officer
“Rapid development and flexible scale manufacturing of complex recombinant proteins and antigens including ferritin nanoparticles for seasonal and pandemic influenza vaccines”
Wednesday, October 18, 2023, 11:45 AM – 12:00 PM

If you would like to connect with Dyadic’s management at any of the events, you may request a one-on-one meeting at jlavalley@dyadic.com.

About Dyadic International, Inc.

Dyadic International, Inc. is a global biotechnology company focused on building innovative microbial platforms to address the growing demand for global protein bioproduction and unmet clinical needs for effective, affordable and accessible biopharmaceutical products for human and animal health, and alternative proteins for food, nutrition and wellness.

Dyadic’s gene expression and protein production platforms are based on the highly productive and scalable fungus Thermothelomyces heterothallica (formerly Myceliophthora thermophila). Our lead technology, C1-cell protein production platform, is based on an industrially proven microorganism (named C1), which is currently used to speed development, lower production costs, and improve performance of biologic vaccines and drugs at flexible commercial scales for the human and animal health markets. Dyadic has also developed the Dapibus™ filamentous fungal based microbial protein production platform to enable the rapid development and large-scale manufacture of low-cost proteins, metabolites, and other biologic products for use in non-pharmaceutical applications, such as food, nutrition, and wellness. 

With a passion to enable our partners and collaborators to develop effective preventative and therapeutic treatments in both developed and emerging countries, Dyadic is building an active pipeline by advancing its proprietary microbial platform technologies, including our lead asset DYAI-100 COVID-19 vaccine candidate, as well as other biologic vaccines, antibodies, and other biological products.

To learn more about Dyadic and our commitment to helping bring vaccines and other biologic products to market faster, in greater volumes and at lower cost, please visit http://www.dyadic.com.

Safe Harbor Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding Dyadic International’s expectations, intentions, strategies, and beliefs pertaining to future events or future financial performance, such as the success of our clinical trial and interest in our protein production platforms, our research projects and third-party collaborations, as well as the availability of necessary funding. Actual events or results may differ materially from those in the forward-looking statements because of various important factors, including those described in the Company’s most recent filings with the SEC. Dyadic assumes no obligation to update publicly any such forward-looking statements, whether because of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section entitled “Risk Factors” in Dyadic’s annual reports on Form 10-K and quarterly reports on Form 10-Q filed with the SEC, as such factors may be updated from time to time in Dyadic’s periodic filings with the SEC, which are accessible on the SEC’s website and at www.dyadic.com.

Contact:

Dyadic International, Inc.
Ping W. Rawson
Chief Financial Officer
Phone: (561) 743-8333
Email: ir@dyadic.com 

SOURCE: Dyadic International, Inc. 

--BERNAMA