AXI SELECT CELEBRATES TOP MILESTONE: TRADER SECURES $1,000,000 IN CAPITAL FUNDING

SYDNEY, Feb 21 (Bernama-GLOBE NEWSWIRE) -- Axi, a leading global provider of online trading services, has proudly announced that trader Francisco Quesada Godines has reached the top milestone in its innovative capital allocation program, Axi Select, securing $1million in capital funding. This incredible achievement is a testament to the broker’s commitment to provide its Axi Select traders with a real opportunity to maximise their trading potential.

According to Greg Rubin, Head of Axi Select, “Francisco, has demonstrated exceptional talent and commitment to the program. This milestone extends far beyond receiving $1million in funding. It not only highlights what traders can achieve when they trade consistently and can seize market opportunities to their advantage, but it also underscores the power of an all-inclusive, trader-centric program designed to unlock traders’ full potential.”

“We are incredibly excited for this milestone–a testament to the hard work and dedication of our traders” said Rajesh Yohannan, CEO of Axi, as he shares his pride in their unique program. “When we launched Axi Select in 2023, our aim was clear: we wanted to change the narrative by creating a model that meets traders’ demands; when traders are free from upfront costs, restrictive trading conditions, and other barriers, they can focus exclusively on sharpening their trading performance. Indeed, our experience over the past year has demonstrated that, when a program is geared towards harnessing traders’ full potential, they can achieve remarkable results.”

Axi Select offers ambitious traders a pathway to access capital funding up to $1,000,000 USD and earn up to 90% of their profits, as well as the advantage to join the program with zero registration or monthly fees*. Moreover, Axi Select uses a Standard or a Pro live account, unrestrictive trading conditions, and a suite of tools to nurture traders’ success and growth.

*Standard trading fees apply.

The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service.

For more information contact : mediaenquiries@axi.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e3372dba-9460-4833-8180-ff68d3c17652


SOURCE: AxiTrader Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

MENLO SECURITY ACQUIRES VOTIRO TO ENHANCE DATA SECURITY FOR ENTERPRISES

KUALA LUMPUR, Feb 20 (Bernama) -- Menlo Security, the industry leader of secure enterprise browsers, has announced its acquisition of Votiro, a data and file security platform that specialises in advanced Content Disarm & Reconstruction (CDR) and data loss prevention.

According to a statement, Menlo Security and Votiro will enable enterprises to quickly and easily implement data security best practices without slowing employee and business productivity.

“Acquiring Votiro expands the capabilities of our product offerings and delivers a workspace security solution unlike anything else on the market.

“This solidifies our market leadership and empowers enterprises to secure their data across every business-critical workflow, all while enabling them to move at the speed of modern work,” said Menlo Security co-founder and chief executive officer (CEO), Amir Ben-Efraim.

Meanwhile, Votiro CEO, Ravi Srinivasan said Menlo Security's proven success and global presence would enhance Votiro’s approach to securing data in the modern workplace and looks forward to a smooth transition benefitting all stakeholders.

By expanding the Menlo Security browser security solution suite with the Votiro data and file security platform, Menlo Security provides a comprehensive workspace security solution that secures the modern worker, wherever they are, and adapts to how they work.

The expanded Menlo Security solution delivers Zero Trust Access to allow users to securely access their applications while preventing data leakage and securing file movement, promising high security efficacy without disrupting user experience or productivity.

Votiro and Menlo Security share the same philosophy of delivering strong security solutions that are designed from the ground up to be easy to configure, deploy, and manage. Together with Menlo Security HEATShield artificial intelligence (AI), the Votiro Data Detection & Response (DDR) solution brings administrator simplicity to data loss prevention and data masking.

This acquisition follows Menlo Security’s achievement of reaching US$100 million in annual recurring revenue (ARR), significantly broadening the company’s market and boosting its revenue potential. (US$1=RM4.44)

-- BERNAMA

NIPPON EXPRESS HOLDINGS COMPLETES SIMON HEGELE GROUP ACQUISITION

KUALA LUMPUR, Feb 18 (Bernama) -- Nippon Express Holdings Inc has completed the acquisition of SH HoldCo GmbH, the parent company of Germany-based Simon Hegele Group, effective Feb 3.

The agreement, finalised on Sept 30, 2024, positions Nippon Express to strengthen its presence in the healthcare logistics sector, according to a statement.

Headquartered in Karlsruhe, Germany, Simon Hegele is a contract logistics provider established in 1920, specialising in logistics services for the healthcare industry across Europe, the United States (US), South America, Asia, and Australia.

The company offers warehousing, distribution, installation at delivery destinations, and other value-added services for medical equipment. It has established a strong customer base by offering tailored logistics solutions for healthcare, industrial, and retail clients.

Nippon Express (NX) Group has identified healthcare logistics as a key growth sector under its "NX Group Business Plan 2028 Dynamic Growth 2.0 - Accelerating Sustainable Growth".

The acquisition provides NX Group with a scalable platform to deliver end-to-end logistics services, enhancing its capabilities and expanding its global network.

Moving forward, NX Group aims to integrate Simon Hegele’s specialised logistics capabilities with its own global network and international forwarding business, enhancing service offerings and creating synergistic value for customers.

-- BERNAMA

Mavenir To Power EOLO’s Groundbreaking 5G FWA Network In Italy

KUALA LUMPUR, Feb 12 (Bernama) -- Mavenir, the cloud-native network infrastructure provider, has been selected by telecommunications operator EOLO, Italy’s largest fixed wireless access (FWA) broadband provider, to supply the 5G SA Core for its groundbreaking Gbps FWA network.

This deployment is among the world’s first 5G standalone FWA networks using mmWave and will deliver cost-effective ultrafast broadband internet access to areas across Italy without fibre connectivity.

Mavenir Executive Vice President, Stefano Cantarelli, expressed excitement over the innovative nature of the 5G FWA deployment, emphasising the use of cutting-edge 3GPP-based technologies to bring connectivity to rural areas.

“EOLO has selected best-in-class partners for this project and Mavenir is proud to be a part of that team, bringing our 5G leadership and commitment to flexibility and agility,” he said in a statement.

Meanwhile, EOLO Chief Executive Officer, Guido Garrone, praised Mavenir for its future-proofed solution and seamless interoperability, stating that the partnership would complement fibre networks and contribute to Italy’s future growth.

Mavenir’s 5G SA Core was selected for its outstanding levels of flexibility and interoperability, and it will be integrated with the User Plane Function (UPF) from 6Wind.

This collaboration marks a first in the industry for interoperability and subsequent commercial deployment between Session Management Functions (SMF) and User Plane Functions (UPF) from two different vendors.

The Mavenir 5G SA Core will enable both IP and Ethernet data units (IPDU and EPDU), which has never previously been achieved in a live environment.

The company’s MAVcore functions are implemented as microservices in containers, using open application programming interfaces (APIs) to integrate with third party platforms and observability frameworks, facilitating faster service rollouts, improved efficiency, and reduced downtime for communication service providers such as EOLO.

Mavenir’s full 5G portfolio will be showcased at the upcoming MWC Barcelona, on March 3 to 6.

-- BERNAMA

MITSUBISHI ELECTRIC AND CP GROUP JOIN FORCES IN SUPPORT OF INCREASED SUSTAINABILITY IN THAILAND AND ASEAN THROUGH TECH INNOVATION FOR CARBON NEUTRALITY AND CIRCULAR ECONOMY

 

TOKYO, Feb 14 (Bernama-BUSINESS WIRE) -- Mitsubishi Electric Corporation (Headquarters: Tokyo) and Charoen Pokphand Group (CP) (Headquarters: Bangkok) announced today that they have signed a memorandum of understanding (MOU) for comprehensive collaboration to provide advanced environmental value in the areas of carbon neutrality and circular economy, with the aim of contributing to a more sustainable society in Thailand.

In terms of carbon neutrality, both companies aim to achieve net-zero greenhouse gas (GHG) emissions from their respective factories and offices by 2030 and net-zero GHG throughout their value chains by 2050. In the terms of circular economy, both are pursuing measures to reduce waste and the environmental impact on their entire operations by promoting more efficient and circular use of resources, including recycling. After holding discussions to confirm their mutual commitment to these common goals, the two firms signed their MOU.

The two companies aim to tackle social challenges by creating new solutions, business models, and environmental values that can be achieved primarily through joint collaboration and utilization of knowledge and assets from both companies. As a first initiative, they will promote carbon neutrality and circular economy in Thailand by combining Mitsubishi Electric’s products, technologies, and data utilization knowledge with CP Group’s business infrastructure, and subsequently offering new environmental value to potential customers. The two companies will continue to explore further collaboration including the joint development for the practical application of advanced technologies with AI, robots, and more.

For the full text, please visit: www.MitsubishiElectric.com/news/

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20250212852898/en/

Contact

Media Inquiries
Takeyoshi Komatsu
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-2332
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/


Source : Mitsubishi Electric Corporation

CLEARDOX NAMED TO CHARTIS ENERGY50 RANKINGS FOR 2025

KUALA LUMPUR, Feb 12 (Bernama) -- ClearDox, a provider of intelligent workflow applications for the commodities industry, has been named to the highly esteemed Chartis Energy50 rankings for 2025.

According to a statement, this recognition highlights the company's role in transforming commodity trading operations by leveraging artificial intelligence (AI) to streamline workflows, reduce risk, and unlock new business opportunities.

ClearDox Chief Executive Officer, Rick Nelson expressed his excitement over the recognition, emphasising how the company's solutions help major players in the energy sector automate data-intensive workflows while gaining deeper insights into operational risks.

He credits this achievement to the company’s commitment to transforming the commodities industry with AI-driven innovations.

ClearDox's Commodity Intelligence platform uses AI to turn piles of paperwork and digital mayhem into clean, structured, organised data. Powered by the ClearDox platform, the ClearDox Intelligent Applications automate critical tasks throughout the commodity trading lifecycle while continuing to shed light on operational risk.

Built for the commodities industry using generative AI (GenAI) and purpose-engineered to power commodity intensive workflows, its applications handle everything from trade confirmation and finance optimisation to operations intelligence, payment processing, and compliance oversight.

The Chartis Energy50 is compiled by Chartis Research, a renowned authority in the global risk technology market. Chartis Research, a division of Infopro Digital, is dedicated to empowering enterprises with invaluable insights and analysis to enhance risk management, corporate governance, and compliance efforts.

As a trusted source of in-depth assessments and actionable recommendations, Chartis Research assists organisations in making informed decisions about their technology and business strategies.

-- BERNAMA

ZENAS BIOPHARMA TARGETS KEY 2025 MILESTONES FOR OBEXELIMAB IN AUTOIMMUNE DISEASES

KUALA LUMPUR, Feb 6 (Bernama) -- Zenas BioPharma Inc (Zenas), a clinical-stage global biopharmaceutical company, has outlined its significant achievements in 2024 and set key business objectives for 2025.

The company also announced its preliminary unaudited cash balance at the end of 2024, which stands at approximately US$350 million, sufficient to its operating expenses and capital expenditure requirements into the fourth quarter of 2026. (US$1=RM4.41)

Zenas Founder and Chief Executive Officer, Lonnie Moulder highlighted the company’s progress across various goals in 2024, noting that it enters 2025 with major milestones in sight, especially the results from ongoing obexelimab Phase 2 and Phase 3 clinical trials.

“We are extremely proud of the accomplishments of our dedicated team as we enter the year well-financed and able to focus on execution and achievement of our key objectives for the year,” he said in a statement.

In 2024, Zenas achieved several key milestones, including the completion of patient enrolment for the Phase 3 INDIGO trial, which is the largest-ever clinical trial for Immunoglobulin G4-Related Disease (IgG4-RD).

The company also initiated the Phase 2 MoonStone and SunStone trials for obexelimab in patients with Relapsing Multiple Sclerosis (RMS) and Systemic Lupus Erythematosus (SLE), respectively, as well as provided initial data from the Phase 2 SApHiAre trial.

Additionally, Zenas completed an upsized Series C and initial public offering, raising US$458.7 million, and bolstered its leadership team by appointing Orlando Oliveira as Chief Commercial Officer and Jeff Held as Chief Legal Officer.

The company also made strategic business moves, including out-licenced ZB005 for development in Greater China and out-licenced regional rights to its thyroid eye disease programmes to Zai Lab.

Looking ahead to 2025, Zenas expects to achieve several key clinical milestones, including the release of the 12-week primary endpoint results from the Phase 2 MoonStone trial for RMS in the third quarter; topline results by year-end 2025 from the Phase 3 INDIGO trial in IgG4-RD; and to complete enrolment in the Phase 2 SunStone trial for SLE by 2025, with topline results expected in the first half of 2026.

The ongoing clinical trials underscore Zenas' commitment to advancing obexelimab as a groundbreaking treatment for multiple autoimmune diseases with a once-weekly subcutaneous injection regimen.

-- BERNAMA

SAVIYNT HIRES SUNIL KEDARAJI AS VP OF PARTNER SALES FOR APJ

KUALA LUMPUR, Feb 6 (Bernama) -- Saviynt, a cloud-native identity governance solutions provider, has appointed Sunil Kedaraji as Vice President (VP) of Partner Sales for Asia-Pacific and Japan (APJ).

This strategic hire reflects Saviynt's commitment to strengthening its presence in the high-growth APJ region, as it aims to scale operations, deepen partnerships, and accelerate growth, solidifying its position as a leader in identity security solutions with seasoned leadership.

Saviynt Senior Vice President of APJ, Dan Mountstephen praised Kedaraji’s extensive expertise in the APJ partner ecosystems and his deep understanding of identity security domain.

“His leadership will empower us to enhance strategic relationships, expand our market presence, and deliver outstanding value to both our customers and partners.

"This appointment underscores Saviynt’s continued commitment to the high-growth APJ region and our focus on building a world-class team to drive sustainable success," he said in a statement.

Meanwhile, Kedaraji, who is thrilled to join Saviynt said: “With Saviynt's innovative cloud identity and access governance platform solutions, I see tremendous opportunities to collaborate with our partners and deliver exceptional value to our customers across the region.”

Joining Saviynt from Proofpoint, where he successfully led partner expansion across Southeast Asia, North Asia, India, and Korea, Kedaraji brings extensive domain expertise and deep regional insight to Saviynt’s partner strategy.

Previously, Kedaraji served as the Head of APAC Partners at SailPoint Technologies, where he was instrumental in building and nurturing the partner ecosystem, enabling partners to thrive and scale in an increasingly competitive market.

With a vision to provide a secure and compliant future for all enterprises, Saviynt is recognised as an industry leader in identity security whose cutting-edge solutions protect the world’s leading brands, Fortune 500 companies, and government organisations.

-- BERNAMA

Polyplastics To Launch 40 Pct Glass-filled Recycled DURAFIDE PPS

KUALA LUMPUR, 5 Feb (Bernama) -- Polyplastics Co Ltd, a global leader in engineering plastics, has announced plans to launch a 40 per cent glass-reinforced grade of DURAFIDE rG-PPS by December this year, as part of its mechanical recycling business.

The company will develop high-quality optimum formulations, which will play a role in helping achieve 100 per cent circularity of engineering plastics by expanding the applications of mechanically recycled materials.

The first iteration of Polyplastics’ mechanical recycling business calls for the collection of glass-reinforced polyphenylene sulphide (PPS) scrap from customers through an open mechanical recycling scheme known as post-industrial recycling (PIR).

According to a statement, the PPS scrap will be used as a raw material to make DURAFIDE rG-PPS. In initial processes, strict acceptance inspections will be conducted and metal will be removed.

In later processes, recycled materials and some virgin materials will be reformulated to meet target specifications. The materials will undergo the same quality standards as those of virgin materials.

The open PIR scheme will help customers reduce and effectively use waste and also significantly reduce carbon emissions for their products. Currently, the raw material from customers will be specific grades of DURAFIDE glass-reinforced PPS.

Polyplastics will develop a higher glass-filled grade as the second iteration of DURAFIDE rG-PPS and establish a system to supply that grade and the 40 per cent glass-reinforced grade to customers in Japan.

The company seeks to collaborate with its customers as well as companies in the recycling and industrial waste treatment industry while also building a "local production for local consumption" recycling chain within each geographic region in the future.

-- BERNAMA

COMMAND CLOUD: EMPOWERING HEAVY MATERIALS SUPPLIERS WITH UNPRECEDENTED INNOVATION AND SCALABILITY

BIRMINGHAM, Ala., Feb 5 (Bernama-GLOBE NEWSWIRE) -- Command Alkon, the leading software and solutions provider for the heavy building materials industry, is proud to introduce its next-generation platform, Command Cloud, designed to drive operational excellence and facilitate AI-assisted, data-driven decision making, to the Asia Pacific market. With its comprehensive and connected software and hardware solutions, Command Cloud offers a single cloud platform that manages all business processes, from inventory management to back office, for all heavy building materials.

Command Cloud harnesses the full spectrum of cloud-native advantages, ensuring scalability, resiliency, global reach, and exceptional resource efficiency. Unlike traditional databases, Command Cloud solutions, powered by no SQL technology, effortlessly scale to handle peak demand and deliver a consistent and secure user experience. With uncompromising uptime and resilience, Command Cloud is designed to withstand and swiftly recover from disruptions, reduce total cost of ownership, and remove operational complexities, allowing businesses to invest in other areas to improve top line profitability.

Leveraging machine learning and generative AI, predictive analytics and decision-making tools are tailored to meet the specific needs of Ready Mix, Aggregate, and Asphalt suppliers. These tools empower users to make informed decisions and drive growth in their unique business landscapes.

In 2024, the company announced a $20M investment to accelerate the rollout of cloud-based solutions and the first products from that investment will be delivered to the Asia Pacific market in calendar Q2 2025. For ready mix operations these offerings include Sales & Quoting, Dispatch, Material Supply for Inventory Management, Customer Portal for customer collaboration, and AI-powered solutions for Plant Optimization and Analytics. The investment also supports completion of the development of Aggregates and Asphalt Cloud software offerings, including Bulk Dispatch and Scale Ticketing in 2025.

Command Alkon recognizes the importance of seamless connectivity of software and hardware as essential to the heavy building materials industry. By utilizing IoT-enabled technologies, Command Cloud solutions encompass enhanced capabilities, including remote management and self-diagnostic features. This comprehensive approach makes Command Alkon a true ecosystem engineer, supercharging the future of the heavy building materials industry.

“By harnessing the power of the cloud, our solutions can optimize operations, improve efficiency, and modernize how our customers conduct business,” said Ranjeev Teelock, Chief Product Officer. “Harnessing a cloud-native approach enables us to leverage the most advanced technologies in the market today, like machine learning, artificial intelligence, and IoT, driving innovation and unlocking new possibilities for this great industry.”

Recognizing the paramount importance of infusing UX into the design process, Command Alkon has invested in delivering a new, modern user interface design for Dispatch, meticulously crafted through engagement with users throughout the development process and shaped by continuous testing and calibration. This new interface provides a user experience that is easier to learn, easier to use, and available on any desktop or mobile device, as well as next-generation analytics dashboards that can be configured to visualize business performance and drive profitability.

With an open API strategy, Command Cloud provides a powerful foundation for customer-centric solutions. Keeping in line with this strategy, Command Alkon offers a Connected Partner Program which is a dynamic community of forward-thinking companies dedicated to propelling innovation in the heavy building materials market. These partnerships aim to push the boundaries of technology, elevate industry standards, and empower businesses to tailor system architectures to their specific needs while extending the functionality of core Command Alkon products.

“By expanding our Sales and Service capabilities in the Asia Pacific region, we are better poised to meet the needs of our customers as they embark on their individual journeys to running their operations in the cloud,” said Jeff Newlin, Chief Revenue Officer. “Providing an exceptional customer experience from sale, through on-boarding, and throughout the adoption of our solutions is a major focus as we work to partner with our customers on their transition to cloud-based solutions.”

Technology outline here currently not available in China and India.

For more information and Command Alkon and Command Cloud, visit www.commandalkon.com. 

ABOUT COMMAND ALKON
Command Alkon is the global leader in software and technology solutions for ready mix, concrete products, asphalt, aggregate and cement suppliers. With over 45 years of industry expertise, Command Alkon’s services and products empower heavy building materials suppliers to improve production and quality control, dispatch and trucking, and office efficiency and performance.

Karli Langner
Command Alkon
(205) 879-3282 x 3968
klangner@commandalkon.com


SOURCE : Command Alkon Incorporated

Duck Creek Technologies To Showcase Innovative Insurance Solutions At ITC London 2025

KUALA LUMPUR, Jan 23 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider redefining the future of property and casualty (P&C) and general insurance, will join partners and industry leaders at ITC London taking place on Jan 27 to 28 at The Brewery in London.

Duck Creek Director of Solution Architecture, Matt Priestley will chair a roundtable discussion on “Forecasting the Future of Commercial Lines Insurance”, which will focus on innovation and disruptions on the horizon for insurers on Jan 27 in the Lower Sugar Room.

In a statement, its Managing Director EMEA, Elodie Hilderal said technology innovation is revolutionising the insurance landscape, and Duck Creek is leading that transformation.

“The opportunity to showcase our products and engage with industry leaders at ITC London on technological advancements and emerging industry trends, enables us to help our customers rethink what is possible when it comes to redefining business operations for the modern era,” she said.

At the event, Duck Creek will also share information on how its technology is helping carriers reimagine insurance for the digital age.

The Duck Creek Suite, with its multi-geographical capabilities on a single instance, including multi-currency and multi-lingual correspondence, provides value to insurers serving customers globally.

The company will also display its suite of cloud-based solutions that streamline operations, improve customer experience, and accelerate digital transformation.

Attendees are invited to visit Duck Creek’s booth to learn more about the company’s solutions, which include Duck Creek Policy, Billing, Claims, Payments Facilitator, Reinsurance, and Loss Control.

These products work together seamlessly to enhance the insurance process from policy management and billing to claims automation and reinsurance management.

-- BERNAMA

WAKE-UP CALL: SHOCKING DECLINE IN GLOBAL WOMEN’S CANCER TESTING

KUALA LUMPUR, Jan 22 (Bernama) -- Hologic Inc, a leader in women's health innovation, has released its latest Global Women's Health Index in partnership with Gallup, revealing a troubling decline in women's cancer testing globally.

For the first time, fewer women reported undergoing cancer screening, with only 10 per cent of those surveyed worldwide having been tested for any type of cancer in the past year, a drop of two percentage points since the Index’s inception.

The index, now in its fourth year, is one of the largest collections of data on women’s health and well-being that raises new concerns about declining trends in women’s health.

In a statement, Hologic Chairman, President and Chief Executive Officer, Stephen P. MacMillan emphasised that the decline in cancer testing is a wake-up call for the need for innovative strategies and collaborative efforts to improve women’s health globally.

The index also revealed other alarming findings, such as increased food insecurity, with a staggering 38 per cent of women unable to afford food in the past year, while 32 per cent of women said they could not afford adequate shelter.

There are also increased levels of worry and sadness among women, as more women report feeling worried (42 per cent) and sad (30 per cent), and one-third (35 per cent) said they felt unsafe in their communities.

Additionally, many women face physical pain and health issues, with 34 per cent reporting significant pain in the previous day, while 26 per cent indicated that health problems impacted their ability to engage in daily activities.

The index assigns a women’s health score to each country or territory based on survey responses on five dimensions of health. Overall, the world scored 53 out of 100 on the index, with Taiwan topping the list at 68, and the United States ranked 37th, reflecting a decline from its previous position.

Based on surveys from over 146,000 people across 142 countries, the index  fills a critical gap in knowledge about the health, safety, and well-being of women worldwide.

The index was unveiled during an event convened by Goals House, a community focused on driving progress toward the United Nations (UN) Sustainable Development Goals (SDGs) alongside the World Economic Forum in Davos, Switzerland.

-- BERNAMA

PERMA-PIPE SECURES US$43 MLN CONTRACT FOR DEVELOPMENT PROJECT IN GCC REGION

KUALA LUMPUR, Jan 13 (Bernama) -- Perma-Pipe International Holdings Inc (Perma-Pipe), announced it has received a formal letter of award with value exceeding US$43 million for a development project located in the Gulf Cooperation Council (GCC) region. (US$1=RM4.51)

In a statement, the company said it will provide thermal insulation, anti-corrosion coatings, and other services from its Abu Dhabi facility, with work on the project is slated to begin in the third quarter of this year.

“This award provides evidence that our technologies are well-positioned to meet the complex requirements in virtually all geographies as we continue our focus on highly active oil and gas markets worldwide.

“This project continues an increase in large-scale project activity we are seeing globally and, when coupled with other recently announced project awards, further strengthens our record backlog position heading into 2025,” said its President and Chief Executive Officer, David Mansfield.

Meanwhile, Perma-Pipe MENA region Senior Vice President, Saleh Sagr said this award follows the successful execution of numerous development projects in the region.

“Our differentiated coating solutions have proven to be well-suited for technically challenging projects. We would like to thank our customers for this significant award,” added Sagr.

This project will utilise Perma-Pipe’s anti-corrosion coatings capabilities, fabrication, and the TRACE-THERM insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.

A global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, Perma-Pipe has operations at 15 locations in six countries. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids.

-- BERNAMA

SYNCHRONOSS TECHNOLOGIES TO PRESENT AT INVESTOR CONFERENCES THIS MONTH

KUALA LUMPUR, Jan 8 (Bernama) -- Synchronoss Technologies Inc (Synchronoss) has announced its President and Chief Executive Officer, Jeff Miller, alongside Chief Financial Officer, Louis Ferraro, will be speaking at two upcoming investor conferences.

According to a statement, the first presentation will take place at the ICR Conference on Jan 13, and the webcast link will be available on the Synchronoss Investor Relations website.

The second event is the Needham Growth Conference, scheduled for Jan 16, where investors can register for one-on-one meetings with the company's management by contacting a Needham sales representative.

A global leader in personal Cloud solutions, Synchronoss empowers service providers to establish secure and meaningful connections with their subscribers.

Its software as a service (SaaS) Cloud platform streamlines onboarding processes and promotes subscriber engagement, leading to increased revenue, cost savings, and quicker market deployment.

-- BERNAMA

ANTOM, AIRASIA MOVE JOIN FORCES FOR SEAMLESS PAYMENT SOLUTIONS

KUALA LUMPUR, Jan 8 (Bernama) -- Singapore-headquartered Ant International announced its payment and digitisation services provider, Antom, with AirAsia MOVE, has signed a partnership agreement to transform travel, including seamless payment experiences on the app.

Under the agreement, AirAsia MOVE will work closely with Antom and 2C2P, a full-suite global payments platform and a subsidiary of Antom.

According to a statement, this collaboration is set to integrate Antom and 2C2P’s advanced payment solutions, including payment orchestration and acquiring for both cards and local payment methods (LPMs), into AirAsia MOVE’s platform.

These cutting-edge technologies will empower AirAsia MOVE to streamline payment methods, reduce cross-border transaction costs and operational expenses, and broaden its consumer base while providing customers with a wider range of preferred payment options.

“Our advanced solutions, including payment orchestration and acquiring for both cards and LPMs, enable AirAsia MOVE to expand its reach to more consumers across the Asia-Pacific region and beyond.

“By combining our expertise and AI-driven payment technologies, we are committed to improving operational efficiency, enhancing customer satisfaction, and unlocking long-term value together,” said General Manager of Antom, Ant International, Gary Liu.

Meanwhile, AirAsia MOVE Chief Executive Officer, Nadia Omer said: “By integrating Antom and 2C2P’s advanced solutions, we are enhancing efficiency, improving customer satisfaction, and delivering significant cost savings.”

This partnership agreement between AirAsia MOVE, Antom, and 2C2P is part of a strategic partnership announced last March between Capital A and Ant International that covers various areas.

This includes exploring ways to integrate more payment methods and providing acquiring services to Capital A’s platforms, working on digital marketing and sponsorship opportunities to drive business growth, and cooperating in enhancing access to sustainable finance while transitioning to a low-carbon economy for the micro, small and medium enterprise community.

-- BERNAMA