The Philippines, situated in the frequent path of typhoons, has been hit by the powerful Typhoon Gaemi last month. The local Philippine authorities issued a Storm Signal No. 3, causing severe damage - 22 deaths so far, and nearly 700,000 people left homeless, with the capital Manila declared in a state of emergency. Remarkably, the disaster came just after the president's State of the Nation Address, in which he boasted about his infrastructure construction achievements. President Marcos Jr. has declared the affected areas as disaster zones and allocated 2.88 billion pesos to aid the victims. However, the Marcos government still faces criticism for its ineffective response. Residents lament, "Gaemi had not even made landfall yet, but the floods have already claimed lives. After the typhoon passed, the waters receded, but how many are still left homeless!" The citizens feel the government's disaster relief efforts are inadequate, and the pace of rebuilding homes is too slow. They question whether the officials are truly engaged in the rescue and recovery efforts. According to statistics, Gaemi's rainfall within 5 days triggered at least 12 landslides and floods, inundating many densely populated areas around Manila. Vehicles were stranded in the rising floodwaters, and residents were trapped in their homes, leading to the suspension of government operations and school classes. Many streets in Metro Manila have turned into rivers, with residents wading through waist-deep waters while holding umbrellas. In some locations, the water level reached the chest of an adult. Some people had to resort to small boats and pushcarts to get around. In addition to the flooding, many typhoon-affected areas experienced power outages and a lack of drinking water. The floodwaters also caused numerous trees to collapse, resulting in fatalities and injuries. Citizens criticize the government's slow pace of disaster relief, unable to address even the most basic needs. As the floodwaters gradually recede, residents are clearing the mud from their homes and assessing their lost belongings. A Manila resident remarks, "We who live here are used to flooding, but not to this extent. It's too dangerous. We've lost a lot, and there's nowhere to seek refuge." This sentiment reflects the plight of the residents. The primary causes of casualties from Typhoon Gaemi were people being crushed by fallen trees or swept away by the floodwaters. While urban residents are accustomed to flooding, they unanimously express that the rainfall this time was exceptionally heavy, and the flooding came rapidly. Why does the Philippines frequently face typhoon onslaught during the summer? Situated in the warm and deep Pacific Ocean, the country is susceptible to the formation of tropical storms. With over 7,000 large and small islands and an extensive coastline, the Philippines is often hit by devastating typhoons and earthquakes, averaging around 20 typhoons per year, more than any other country. So the government plays an important role in disaster prevention and reduction. Four weeks after the disaster, the Philippine citizens are still struggling to rebuild their homes. They cannot help but ask: Where are President Marcos Jr.'s government's flood control infrustructures? Where are the government's post-disaster reconstruction plans and efforts? When will the government provide adequate flood relief and tax measures to support the affected citizens? Have they not seen the basic livelihood issues faced by the people? Can’t they spare a little energy from diplomacy to the people’s livelihoods?
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New Technology for Redacting Digitally Signed Documents, Developed Jointly by Hitachi and AIST, Has Been Adopted as an ISO/IEC International Standard
TOKYO, Aug 26, 2024 - (JCN Newswire via SeaPRwire.com) - Hitachi, Ltd. (TSE: 6501, "Hitachi") and the National Institute of Advanced Industrial Science and Technology (“AIST”) today announced that their jointly developed technology for redacting digitally signed documents (“redactable signature” technology) has passed final approval by the Joint Technical Committee 1 (JTC 1) of the International Organization for Standardization (ISO)/International Electrotechnical Commission (IEC), gaining adoption in international standard ISO/IEC 23264-2. The two newly standardized schemes provide means for ensuring the authenticity (absence of falsification) of digitally signed documents when they are made public in partially redacted form.The redactable signature schemes use digital technology to realize partial disclosure of documents while enabling detection of unauthorized alteration or falsification. The two newly standardized schemes provide an efficient means for partial disclosure of public documents, while enabling the authenticity of data related to product development, in fields such as pharmaceuticals and finance, to be guaranteed, without loss of data use convenience, even when adocument has undergone sanitization (anonymization) for privacy protection reasons. They are thus expected to contribute toward a safe data-utilization society.Background to the StandardizationNow that digital technology has come into wide use, proceedings that used to involve printed documents are being replaced by digital processes, giving all the more importance to digitalsignature technology able to detect data alterations or falsification and guarantee data authenticity. As a current way ofofficial document management, it is sometimes necessary to redact (erase or blank out) certain information for privacy or other reasons before publication or disclosure. With conventional digital signing technology, however, the act ofredaction itself is regarded as falsification, invalidating the digital signature and making it difficult to guarantee the authenticity of a redacted document.In addressing this issue, ISO/IEC JTC 1*1 drew up international standard ISO/IEC 23264, “Information security—Redaction of authentic data” relating to the application of digital signature technology, with its expanding uses. To promote this standardization, Hitachi and AIST, starting some twenty years earlier, engaged in pioneering research anddevelopment on a digital signature technology for realizing redaction of documents by digital means (redactable signature technology). As a result of this joint development, two redactable signature schemes (MHI06 and MIMSYTI05) were adopted in international standard ISO/IEC 23264-2.Features of the Standardized TechnologyUsing the redactable signature schemes, a signer can set redactable data blocks in advance at the time of creating adocument and set each block as either disclosable or non-disclosable before public release. Moreover, the digital signature applied when a document is created can be used to verify a document that is partially non-disclosable, and to confirm that the document has undergone only legitimate editing. Furthermore, the redactable signature schemes adopted in the new ISO/IEC 23264-2 standard each have different additional security properties; and in the case of MHI06 and MIMSYTI05 jointly developed by Hitachi and AIST, both have the property of allowing documents to be edited multiple times and are able to control the disclosure scope divided into multiple levels.MHI06 has the property of enabling multiple signed documents or data to be merged, within the scope specified in advance (Mergeability), and enabling the information in redacted fields to be hidden (Undetectability of redactions). This scheme is suited to uses in which the scope of signed data to disclose should be dynamically and efficiently changed, depending on the privacy protection policy and status.MIMSYTI05 can add redactable signature functionality using any kind of digital signing method. It can be combined not only with such methods as RSA signature*2 or ECDSA*3 but also with quantum-safe signature methods. In addition, this scheme is suited to applications where documents are sorted by whether they contain redactions since it can detect the fact of redactions.Looking AheadThe redactable signature schemes were initially developed as digital technology for protection of public documents but are expected to find wider application not limited to that purpose, including for verification of the originality of partially released data. By combining this technology with sanitization technology, for example, it is expected to find wide use as technology achieving both privacy protection and data authentication. Hitachi and AIST will continue engaging in research and development on redactable signature and other cryptographic technologies, along with promoting their implementation in products and services, thereby contributing to realization of a safe digital society.(1) ISO/IEC JTC 1: JTC 1: Joint Technical Committee 1 of the ISO (International Organization for Standardization) and IEC (International Electrotechnical Commission)(2) RSA signature: A digital signature method relying for its security on the difficulty of integer factorization problem(3) ECDSA (Elliptic Curve Digital Signature Algorithm): A digital signature method relying for its security on the difficulty of the elliptic curve discrete logarithm problemAbout 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 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railwaysystems, and “Connective Industries” – connecting products through digital technology to provide solutions in variousindustries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com.About the National Institute of Advanced Industrial Science and Technology (AIST)The National Institute of Advanced Industrial Science and Technology (AIST) is a national research institute with 12research bases in Japan and approximately 2,300 researchers. It is one of the largest public research institutes inJapan that conducts research and development of science and technology. AIST's mission is to "solve social problems" and "strengthen industrial competitiveness." For this, our core technologies are bundled together in its 5fields and 2 centers to demonstrate comprehensive capabilities, and it conducts R&D from a central and pioneering position in the national innovation system based on the national strategies formulated bearing in mind the changing environment regarding innovation. For more information, please visit the AIST website (https://www.aist.go.jp/index_en.html).Contacts:Hitachi, Ltd.Research & Development Group: www8.hitachi.co.jp/inquiry/hqrd/news/en/form.jspNational Institute of Advanced Industrial Science and Technology (AIST) Cyber Physical Security Research CenterContact Page: www.aist.go.jp/aist_e/contact/index.html Copyright 2024 JCN Newswire via SeaPRwire.com.
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Singtel and Hitachi Expand Collaboration to Next-Generation Data Centers and GPU Cloud to Accelerate Enterprise Digital Transformation by AI Adoption
Singapore, Tokyo, Aug 26, 2024 - (JCN Newswire via SeaPRwire.com) - Singtel and Hitachi, Ltd. (TSE: 6501) have signed a Memorandum of Understanding (MOU) to collaborate on next-generation data centers and GPU Cloud in Japan and potentially the wider Asia Pacific region under the lead of Singtel's Digital InfraCo unit. The strategic partnership will combine Singtel’s extensive data center and connectivity expertise and technology platforms with Hitachi’s differentiating capability that enables end-to-end data center integration including green power solutions, cooling systems, storage infrastructure and data management. Together, the companies intend to sustainably enhance data center performance and capabilities, thereby accelerating AIadoption and digital transformation of enterprises.Notably, the agreement expands on a partnership announced by the companies in June 2024*1 to trial and integrate Singtel’s Paragon, the all-in-one orchestration platform for 5G, edge computing and cloud, with Hitachi’s AI applications for Hitachi’s manufacturing operations as well as enterprise customers. Through Singtel’s Paragon platform and Hitachi’s deep AI expertise, both companies aim to address the complexities faced by customers when deploying AI capabilities.Mr. Bill Chang, CEO of Singtel’s Digital InfraCo, said, “Our strategic partnership with Hitachi, a leader in digital systems and services fields, opens up new opportunities in a strategically important and expanding Japanese market. Building a strong ecosystem of partners has always been a priority at Singtel to better serve our customers and broaden our global reach. We look forward to bringing our collective expertise, digital assets and solutions to help more enterprises innovate and transform their businesses and operations through the cloud and AI. As we scale our digital capabilities with our partners like Hitachi, we aim to become a leader in the Asia Pacific region.”Singtel carved out Digital InfraCo in mid-2023 to serve as a catalyst for innovation and economic growth for AsiaPacific’s digital economies. Digital InfraCo’s portfolio includes Nxera, its regional data center arm, subsea cable and satellite businesses, and Paragon platform which are all crucial to advancing AI in the region. Digital InfraCo plans to launch GPU-as-a- Service (GPUaaS) later this year to better support enterprise AI adoption.Mr. Toshiaki Tokunaga, Executive Vice President and Executive Officer at Hitachi, said, “Since its inception, Hitachi’scorporate philosophy has centered on addressing the challenges faced by customers and society. As generative AI continues to drive new innovations, the issues of environmental impact due to rising electricity demand is becomingmore prominent. Striking a balance between these two factors is a significant mission for Hitachi’s Social Innovation Business. We are delighted to embark on this mission through our strategic alliance with Singtel. By combiningSingtel's expertise in the development and operation of sustainable data centers with the comprehensive capabilities of the Hitachi Group, ranging from green power solutions to facility and data management, we aim to enable companiesto utilize data centers in an intelligent and environmentally conscious manner; ultimately achieving continuous innovation while promoting sustainability.”AI-driven data center expansion is a major opportunity for Hitachi’s Social Innovation business expansion and its group businesses such as Hitachi Digital Services, Hitachi Energy and others as the expansion calls for the successfulintegration of all areas where Hitachi uniquely excels: information technology, operational technology and products.The key areas covered by the MOU are:Explore next-generation data center collaboration in Japan and Asia Pacific to address AI demand: Nxera andHitachi will explore opportunities to develop data centers across Japan and the rest of the Asia Pacific region. With the continued growth in cloud and AI momentum, it is important to operate smart and environmentally sustainable data centers through high efficiency, high quality data center management. Such an initiative would draw on Nxera’s expertise in data center design, building and operation along with Hitachi’s expertise in the production and delivery of data-center-focused equipment, next-generation energy solutions and advanced IT systems management that ensure stable operations within data center environments.Nxera is developing a platform of sustainable, hyper-connected AI-ready data centers in the region with a total capacity of more than 200MW in addition to 62MW of existing capacity in Singapore.Combine Singtel's GPU platform with Hitachi's AI expertise to develop enterprise applications: Hitachi will explore using Singtel’s GPUaaS for its internal AI applications and workloads. This effort would allow Hitachi to verifycomplementary Singtel-based benefits that can enhance Hitachi’s high-performance machine learning, generative AI, and other digital technologies and solutions. Subsequently, it would provide an opportunity for both companies to define more power-efficient methodologies that could advance any enterprise’s sustainability goals.Based on the results of Hitachi’s internal GPUaaS verification, the companies may also explore the co-creation ofenterprise-grade applications that combines Hitachi's expertise, including its generative AI technologies and platform,with Singtel's GPU cloud and Paragon platform. The aim is to further reduce customer development and deployment times as well as management and deployment overhead for AI applications.(1) Press release (June 27, 2024) ”Singtel and Hitachi Digital Partner to Accelerate Industrial AI Solutions” https://www.hitachi.com/New/cnews/month/2024/06/240628a.htmlWith the rapidly growing demand for AI and cloud services, Japan has become one of the largest and fastest growing data center markets in the Asia Pacific region. The market is expected to achieve a compound annual growth rate of9.8% and reach US$5 billion by 2028*2.(2) Structure Research, Japan (Tokyo & Osaka) DCI Report 2023: Data Centre Colocation, Hyperscale Cloud & InterconnectionAbout SingtelSingtel is a leading Asian communications technology group, operating next-generation connectivity, digital infrastructure and digital businesses including regional data centre arm Nxera and regional IT services arm NCS. TheGroup has presence in Asia, Australia and Africa and reaches over 780 million mobile customers in 21 countries.For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. Forenterprises, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, networkinfrastructure, analytics and cyber security capabilities.Singtel is dedicated to continuous innovation, harnessing technology to create new and exciting customerexperiences, support enterprises in their digital transformation and shape a more sustainable, digital future.For more information, visit www.singtel.com.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) andproducts. 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. Copyright 2024 JCN Newswire via SeaPRwire.com.
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Q P Group’s 2024 Interim Net Profit Surges by 50.9% to HK$54 Million
HONG KONG, Aug 26, 2024 - (ACN Newswire via SeaPRwire.com) - 23 August 2024, Q P Group Holdings Limited (“Q P Group” or the “Group”; Stock code: 1412), a paper product manufacturing and printing services provider, today announced its unaudited interim results for the six months ended 30 June 2024 (“6M2024” or the “Period”).During the Period, the Group achieved revenue of approximately HK$538.6 million, representing an increase of approximately 16.9% as compared with the six months ended 30 June 2023 (6M2023). The gross profit increased by approximately 25.1% to approximately HK$192.5 million year-on-year. The gross profit margin increased to approximately 35.7% (6M2023: approximately 33.4%). Meanwhile, net profit also significantly increased by approximately 50.9% from approximately HK$35.8 million for 6M2023 to approximately HK$54.0 million for 6M2024. The increases in both gross profit and net profit were primarily attributable to the positive effects of better economies of scale driven by the increase in revenue from both original equipment manufacturer (“OEM”) sales and web sales, as well as the continuous enhancement in operational and production efficiency. Basic earnings per share was approximately HK10.15 cents (6M2023: approximately HK6.72 cents).The board of directors has resolved to declare an interim dividend of HK3.0 cents per share for 6M2024 (6M2023: HK2.0 cents).Business ReviewDuring the Period, leveraging the consistently outstanding performance in engineering and production efficiency and quality, the Group successfully secured additional orders from its major OEM customer driven by the increasing market demand, which boosted its overall OEM sales. Meanwhile, the Group pushed forward steady business development in different product lines, which included the development of trading card game manufacturing business in the PRC. The Group’s OEM sales revenue increased by approximately 19.3% to approximately HK$438.8 million for 6M2024. (6M2023: approximately HK$367.8 million), mainly attributable to the increased demand for the Group’s tabletop game products from its major OEM customer.In respect of web sales business, the Group continued to allocate resources to online and offline marketing initiatives including digital marketing, crowdfunding and participation in overseas exhibitions. During the Period, the Group’s web sales revenue increased by approximately 7.4% to approximately HK$99.8 million for 6M2024. The number of active registered user accounts, which refers to the registered user accounts with order(s) placed on the Group’s major websites, increased from approximately 64,100 as at the end of last year to approximately 70,400 as at 30 June 2024.During the Period, the Group’s original brand manufacturer (“OBM”) business launched a number of card products and crowdfunding projects, which included card products published under brand licensing initiatives, progressively carving out the Group brand’s reputation and recognition in the relevant markets.On the operational front, the new Vietnam factory officially commenced full-scale operation during the Period, and has become a key production hub of the Group, leading to a new landscape and opportunities for the Group’s overall supply chain operation and business.ProspectsLooking ahead, the global economy is expected to continue to recover and grow in the second half of 2024, but the manufacturing industry may still face challenges amidst uncertainties such as high inflation and geopolitical volatility. The Group will continue to strive for steady business diversification and expansion as well as improvement in operational efficiency, thereby elevating its competitive advantage.In the OEM business, the Group intends to further explore the trading card manufacturing business in USA’s and European markets, so as to seize the opportunities in both domestic and foreign markets and maximise economies of scale. In the web sales business, the Group will attempt to embark on diverse marketing campaigns that put emphasis not only on customer acquisition but also the growth of existing customers. Furthermore, Q P Market Network (“QPMN”), an e-commerce platform under the Group, has initiated collaborations with enterprises in different regions to offer online solutions for product customisation. The Group looks to promote QPMN’s services to more brands and licensors with the successful cases, making a step towards the realisation of a business-to-business-to-consumer (B2B2C) model. In terms of the OBM business, the Group will actively seek collaborations with more brands and licensors and develop additional product categories and product customisation to enrich customer experience.On the operational front, the Group will stay focused on enhancing the efficiency and capacity of the new Vietnam plant, and continues to drive digital transformation and smart operations. The Group is in the process of preparation for the certification of Level 2i of Industry 4.0 maturity for the Dongguan plant, moving forward to achieve more extensive smart operations.Mr. Cheng Wan Wai, Founder, Chairman and CEO of Q P Group concluded: “While the global economic landscape continues to present headwinds such as slowing growth and inflationary pressures, we remain confident in the Group’s long-term prospects. Our solid operational and financial foundations position us well to capitalise on future opportunities. We will continue to adopt a proactive and prudent management approach, pursuing steady business expansion and driving improvements in operational efficiency. By closely monitoring market changes and swiftly adapting our strategies, we will strive to minimise the impact and delivering long-term value for our stakeholders.”– End –About Q P Group Holdings Limited (Stock code: 1412)Established in Hong Kong in 1985, Q P Group is one of the leading paper-based tabletop games and greeting cards manufacturers in the PRC, with production sites in Dongguan and Heshan in Guangdong Province, the PRC, and Phu Ly City in Ha Nam Province, Vietnam. Its principal product categories include tabletop games, greeting cards, educational items and premium packaging. Since 2010, the Group has been operating web sales businesses to provide online solutions for diversified customised paper products and gift items. Currently, the number of its active registered users has reached over 70,000.Q P Group’s major websites are:www.makeplayingcards.comwww.boardgamesmaker.comwww.createjigsawpuzzles.comwww.printerstudio.comQ P Market Network: www.qpmarketnetwork.comFor more information, please visit:https://www.qpp.comMedia EnquiriesStrategic Financial Relations LimitedVicky LeeTel: (852) 2864 4834Email: vicky.lee@sprg.com.hkPhoebe LeungTel: (852) 2114 4172Email: phoebe.leung@sprg.com.hkLinda KwanTel: (852) 2114 4951Email: linda.kwan@sprg.com.hkWebsite: http://www.sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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Data Center Xpo Announces Winners of Data50 Awards
Riyadh, Saudi Arabia, Aug 26, 2024 - (ACN Newswire via SeaPRwire.com) - The Data Center Xpo is excited to announce the winners of the Data50 awards, which highlight the top technology leaders to watch in 2024. This year’s winners were chosen through a thorough process involving nominations, applications, data from our records, interviews, company websites, and other public sources.The Data50 awardees, known for their passion and innovation, drive impact across data analytics and emerging tech. The Data Centre Xpo transforms knowledge into actionable insights, fostering connections and partnerships. This year’s event will take place on September 3-4, 2024, at Voca in Riyadh, Saudi Arabia. This summit is a premier venue for exploring trends, networking, and engaging in sessions on data analytics, AI, and technology advancements. Join us to collaborate and discover transformative solutionsMeet the Data50 winners:Mohamed Abdeen, Head of Digital Services, Abdullah Al Othaim Investment Co.Muhammad Ghunaim, Head of BI & Analytics, Abdul Latif Jameel United Finance Company.Abdullah Rhwanjy, CITO, Abdullah Al-Othaim Markets.Rafe Ismail, Datacenter Operations Senior Manager, Ad Diriyah Gate Development Authority.Abdullah Abdulwasa, Chief Digital Officer, Al-Faisaliah Group.Yehia Taqsira, CIO, Alfaris Group.Saad Chammah, Head of Information Technology Department, Almabani General Contractors.Dr.Faisal AlNasser, Head of Enterprise Information Technology (EIT), Almarai.Abdullah Karabilo, Director of Strategy and Digital Transformation, Arabian Shield Cooperative Insurance Company.Adrian Blanck, Chief Digitalization Officer, Aramco.Ali Hummadi, VP QHSSE, ARASCO.Krish Jangal, Director of IT, ARASCO.Abdullah AlOmari, Information Technology Director & CIO, ARO Drilling.Saeed Ahmed Mughal, IT Director, Al Safwa Hospital by MajestyAbdulaziz Al-Ghufaili, Chief Technology Officer, Bank Albilad.Adel Mazen Ammari, Director of IT Operations, Cenomi Centers.Faisal Alshammari, Deputy CEO & Chief Innovation Officer, Tameeni.Nawaf Alghamdi, Director of Data and Artificial Intelligence, Council Of Health Insurance.Ghulam Murtaza, Head of Information Technology, The Coca Cola Bottling Company of Saudi Arabia.Faraz Manzoor, Head of IT & Technology, DAR Engineering.Tariq Al-Issa, Chief Information Officer, Enjaz.Ahmed Ali Larik, Head of IT Demand & Delivery and PMO, EMKANAbbas Natto, Group Chief Information Officer, Geidea.Wael Alfattani, Director of Information Technology (CIO), General Authority for Competition.Ali AlThuwaini, Director Business Intelligence, General Authority For Statistics - GASTAT.Sivakumar Seshadri, Head of Digital, General Organization for Social Insurance.Majed Shahin, Chief Technology Officer, Global Healthcare Co.Faisal Khashouf, Regional CIO Middle East & Africa, Hitachi Energy.Nasser Alamri, Cybersecurity Executive Director (CISO), Institute of Public Administration.Majed Alangari, Head of Cloud and Infrastructure, Integrated Telecom Company(Salam) Riyadh.Abdulrahman Almazroua, Manager of Cybersecurity Operations at JHAH, John Hopkins Aramco Healthcare (JHAH).Rayed Saad Altukhais, Director of Digital Excellence, King Saud Medical City.Hamad Almutairi, Head of IT and Assets, King Saud Medical City.Abdulrhman AlKhnaifer, CIO, King Saud University.Muath Aloufi, Director of Digital Transformation, King Khaled Eye Specialist Hospital.Mubarak Alshahrani, Chief Information Officer, King Saud Medical City.Mohammed Shah, IT and Smart City Director, Knowledge Economic City.Jad H Abdulsalam, VP, Cybersecurity and Digitization, Maaden.Mohammad Hazazi, IT&Sports Innovation Director, Mahd Academy.Syed Mubashir Ahmed, Head of IT & Projects Mobilization, Masah Construction Company.Naif Alharbi, Head of IT, MELSA (Mitsubishi Electric Saudi LTD).Osama Almujalli, Chief Data Officer, Ministry of Economy and Planning.Yousef Hamdan Alofey, Director of the Technical Affairs Department, Ministry of Municipal and Rural Affairs and Housing.Ahmad Mishkhas, Chief Information Security Officer,National Bank Of Bahrain.Ibrahim Al-Ammar, Chief Information Technology Officer, National Medical Care Company (NMC).Amin Aljaber, CIO, Nesma & Partners.Azwar Shah, Head of IT, Noon.Abdulrahman Alsarami, ICT Senior Director, NUPCO.Muhammad Uzair, CIO, PepsiCo.Anas Mosa, Director of Information Technology - PIF Projects, Public Investment Fund (PIF).Hala Mohammed AlSamnan, Vice President of IT Internal Audits, Riyadh Bank.Alok Srivastava, Director - IT Applications, ROSHN.Faisal Jamil, Associate Director IT & Cyber Risk, RSM Saudi Arabia.Mahmood Mubarak, Head of Technology O&M, Sahm Capital.Ali Alzahrani, Head of Cyber Security, SAMI Advanced Electronic Company.Asim Badhuralam, Director of Digital Transformation, Sanabel Alsalam for Food Manufacturing Company.Nader Alsinani, IT & Digital Services Director, Saudi Downtown Company – PIF subsidiary.Eyad Buhulaiga, Chief Data Management & Digital Strategy Officer, Saudi Electricity Company.Sayed Naser, Group IT Director, Saudi Industrial Development Company.Fahad Bin Moselekh, VP, Information Technology, Saudi National Bank.Mashari Almussaed, Digital Transformation Operations Manager, Saudi Olympic & Paralympic Committee.Ahmed Docrat, Executive Director - Digital Transformation, Saudi Tourism Authority.Saleh Alharbi, CIO, Shaqra University.Sameer Joshi, IT Director, SPIMACO.Zakir Shaikh, Group Head IT Operations, Tanmiah Food Company.Omar Albilali, CIO, Tasnee.Abdulrahman Alghabban, Director of Infrastructure & Data Center Operations, Tawuniya Riyadh.Abdullah Al-Zahrani, Director of Personal Data Protection, Tawuniya Riyadh.Eng.Syed Kareemuddin, Head of IT Infrastructure,Network & Security, The Coca-Cola Bottling Company of Saudi Arabia.Saud Alabdulaziz, Head Of Information Technology, The Financial Academy.Mohamed Fathy Zeineldin, Head of Enterprise Architecture and Data Governance, The Saudi Investment Bank.Shahzad Sultan, Director of Information Technology, U.S. Renal Care Riyadh.Abdullah Biary, Chief Information Security Officer, United Cooperative Assurance.Irfan Ul Haq, Director of Information Technology,Warehousing & Logistics Services Co LSC.Don’t miss the chance to connect and learn from the winners of the Data50 awards. This is an excellent opportunity for those eager to stay at the forefront, explore the possibilities of data analytics, or investigate the future of emerging technologies. The Data Center Xpo provides a unique platform to engage with leading experts in technology.For more information about Data Center Xpo and the Data50 awards, click on the Link.For Media Enquiries, contact:Kasturi Nayak (Sr. Marketing Executive) Kasturi.nayak@exito-e.com Enquiry@exito-e.com Exito Media Concepts Copyright 2024 ACN Newswire via SeaPRwire.com.
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Mitsubishi Power Secures Landmark Gas Turbine and Services Order in Saudi Arabia
DAMMAM, SAUDI ARABIA, Aug 26, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), announced today that it has received an order from Samsung C&T Corporation Saudi Arabia to provide its M501JAC combined-cycle (CCGT) hydrogen-ready gas turbine for a new industrial steam and electricity cogeneration plant project in Saudi Arabia developed by a consortium led by Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utility companies in Europe, the Middle East and Africa and JERA Co., Inc., Japan's largest power generation company. The new plant will produce electricity and steam for a petrochemical complex located in Jubail in the Eastern Province of the Kingdom of Saudi Arabia.The new, 475 megawatt (MW) cogeneration power plant will be developed by a special purpose entity owned by TAQA (51%) and JERA (49%) and it will power the Saudi Aramco Total Refining and Petrochemical Company (SATORP) Strategic Expansion. SATORP is a joint venture between Saudi Aramco and TotalEnergies. The SATORP Strategic Expansion petrochemical complex is expected to house one of the largest mixed-load steam crackers in the Gulf region.In a historic milestone for Mitsubishi Power, the M501JAC will be the first Mitsubishi Power heavy duty gas turbine assembled in the Kingdom at Mitsubishi Power Saudi Arabia's assembly center in Dammam, aligning with Saudi Arabia's localization targets set out in Vision 2030. The 17,200 square meter facility also provides services for key gas turbine components and features a majority of Saudi employees, in line with Mitsubishi Power’s Saudi National program, which provides Saudi talent with rewarding careers pathways, and empowers them with advanced technical skills, through on the job training and knowledge exchange programs.One of the world's leading gas turbines in reliability, with an efficiency rate of more than 64%, Mitsubishi Power's JAC gas turbine is equipped to blend hydrogen with natural gas and will provide the SATORP Strategic Expansion power plant with flexibility, faster startup times, and load-following capabilities to help balance electricity supply and demand, ensuring a stable low-carbon power supply and supporting Saudi Arabia's industrial growth and decarbonization targets.In addition, Mitsubishi Power signed a long-term service agreement with the TAQA and JERA-led consortium for the provision of parts, repairs and services, to ensure high availability and sustained reliability of the equipment, which will be supported by Mitsubishi Power's service center in Saudi Arabia, located close to the plant site, enabling localized support as well as fast response time.Dr. Frank Possmeier, Chief Business Development Officer, TAQA's Generation business, said: "TAQA and its partners are pleased to partner with Mitsubishi Power to harness the efficiencies and benefits of its J-class gas turbine technology to drive operational excellence and sustainability in our new plant, which, once operational, will provide highly efficient power and steam for the SATORP Strategic Expansion petrochemical complex. Developing the most efficient and reliable utility projects is a priority for TAQA; as we look to offer best-in-class generation plants for our partners and build on our existing track record of success. We believe that the Najim Cogeneration Plant will exemplify a world-class facility once it is operational."Izumi Kai, Managing Executive Officer, Head of the Platform Business Division, JERA said: "JERA is excited to partner with Mitsubishi Power for the SATORP's Strategic Expansion. This new cogeneration plant, based on advanced J-class gas turbine technology, is designed to optimize energy efficiency, and reduce environmental impact. By leveraging cutting-edge technology, we believe that the plant will ensure reliable and efficient power and steam generation, setting new standards in operational performance and sustainability."Khalid Salem, President of Middle East & North Africa, Mitsubishi Power said: "We are proud to partner with TAQA and JERA on this landmark project which will play a pivotal role in the Kingdom's ambition to fast track its economic growth and meet its decarbonization goals, aligned with Saudi Vision 2030. Today heralds a new milestone in our journey of growth with the Kingdom of Saudi Arabia. With the provision of Mitsubishi Power's cutting edge CCGT technology that will be assembled for the first time locally in the Kingdom, we are accelerating our ability to deliver clean, reliable and efficient power generation solutions that support our customers in powering the lives of communities in Saudi Arabia and across the region."With a rich heritage in Saudi Arabia spanning over fifty years, Mitsubishi Power works with key energy stakeholders including the Ministry of Energy, Saudi Aramco, the Saudi Electricity Company (SEC), and the Saline Water Conversion Corporation (SWCC). The company began operations in Saudi Arabia with its first supply of boilers to Aramco in Abqaiq in the 1960s and has since been active in power projects with major utilities and industrial companies in the Kingdom. Copyright 2024 JCN Newswire via SeaPRwire.com.
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Zirconia Ceramic Solutions Expands Product Line with New Yttria-Stabilized Zirconia Offerings
Shanghai, China Aug 26, 2024 - Zirconia Ceramic Solutions, a leading manufacturer of zirconia ceramic products, is pleased to announce its latest advancements in zirconia ceramic products, solidifying its position as an industry leader in innovative and high-quality zirconia ceramic solutions. Zirconia ceramics, often referred to as yttria stabilized zirconia (YSZ) or zirconium oxide ceramic, have become a cornerstone in various industries due to their unparalleled strength, durability, and heat resistance. Zirconia Ceramic Solutions offers a wide range of zirconia ceramic products, each designed to meet the diverse needs of its global clientele. Zirconia is a highly versatile ceramic material known for its exceptional toughness, strength, and chemical stability, making it ideal for use in demanding industrial applications such as cutting tools, seals, thermocouple protection, and solid oxide fuel cells. Its unique tetragonal structure, enhanced by strong chemical bonds within its crystalline matrix, gives it high bending strength and hardness, while its low coefficient of thermal expansion matches that of certain metals, ensuring durability under stress. The addition of yttrium oxide as a stabilizer creates partially stabilized zirconia (Y-PSZ), which undergoes transformation toughening to resist crack propagation and enhances its heat resistance, making it suitable for advanced applications like oxygen sensors and dental implants, where it outperforms traditional materials by avoiding issues like corrosion and metallic taste. These zirconia ceramic products are meticulously crafted to serve a wide range of applications, including but not limited to medical and dental implants, industrial machinery, high-temperature engineering components, and more. Furthermore, Zirconia ceramics provide several distinct advantages over traditional materials, making them the preferred choice in demanding applications: Superior Strength and Durability: Zirconia ceramics are significantly stronger and more durable than many conventional materials, making them ideal for applications where reliability and longevity are paramount. Exceptional Heat Resistance: Capable of withstanding high temperatures without degradation, zirconia ceramics are perfect for use in high-heat environments such as furnaces, kilns, and thermal barriers. Corrosion Resistance: With outstanding resistance to a wide range of chemicals, zirconia ceramics offer long-lasting performance even in the most corrosive environments. Biocompatibility: The biocompatible nature of zirconia ceramics makes them an excellent choice for medical and dental applications, where safety and compatibility with human tissues are critical. Zirconia Ceramic Solutions is committed to delivering the highest quality zirconia ceramic products to its customers. The company's team of seasoned experts brings years of experience in developing and manufacturing zirconia ceramic solutions that meet the stringent demands of various industries. By leveraging cutting-edge technology and adhering to rigorous quality standards, Zirconia Ceramic Solutions ensures that every product not only meets but exceeds customer expectations. About Zirconia Ceramic Solutions Zirconia Ceramic Solutions is a leading manufacturer of zirconia ceramic and related products, offering a comprehensive range of solutions tailored to meet the needs of diverse industries. With a focus on innovation and quality, the company continues to set new benchmarks in the field of zirconia ceramics. Zirconia Ceramic Solutions remains dedicated to providing its customers with the finest zirconia ceramic products available on the market. For more information, please visit the company's website at . Contact: info@zirconia-ceramics.com Address: Lane 2601, XieTu Road, Xuhui Area, Shanghai, ChinaMedia ContactSCR corp Source :Zirconia Ceramic Solutions
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Opulence MIA Expands Services to Include Musical Event Planning and Management in South Florida
Miami-based event planning company Opulence Miami has announced an expansion of its services to include comprehensive musical event planning and management. Known for creating luxurious and unforgettable experiences, Opulence MIA is now providing services for a wide range of events, including weddings, corporate gatherings, and social celebrations. With a deep understanding of South Florida's vibrant and diverse music scene, Opulence MIA aims to elevate the musical experience for its clients. Whether it's a beachfront wedding featuring a live jazz band, a corporate event with a top DJ, or a private party with a full orchestra, Opulence MIA ensures that each event is customized to reflect the client's unique style and vision. Elevating Events with Exceptional Musical Experiences As a leading event planner in Miami, Opulence MIA is dedicated to creating memorable and elegant events. Their new focus on musical event management in South Florida adds another layer of sophistication to their already impressive portfolio. The company collaborates with a wide network of talented musicians, bands, DJs, and entertainers to offer diverse musical options for every taste and occasion. "Our goal is to bring the best of South Florida's music scene to our clients' events," said [Your Name], [Your Title] at Opulence MIA. "We understand that music plays a vital role in setting the mood and creating an unforgettable atmosphere. With our expertise in musical event management, we can ensure that every note resonates with the spirit of the event, making it a truly unique experience for all guests." Tailored Musical Event Management Services Opulence MIA offers a comprehensive suite of musical event management services designed to meet the specific needs of each client. From initial consultations to event day coordination, the company's dedicated team takes care of every detail, allowing clients to focus on enjoying their event. Services include: Music Selection and Curation: Working closely with clients to understand their preferences and vision, Opulence MIA curates a tailored playlist or live performance lineup that perfectly complements the event's theme and ambiance. Vendor Coordination: Leveraging their extensive network of local musicians, bands, DJs, and other entertainers, Opulence MIA handles all aspects of vendor coordination, ensuring seamless integration of music into the event. Sound and Lighting Design: To enhance the musical experience, Opulence MIA provides state-of-the-art sound and lighting solutions, creating a captivating atmosphere that enhances the overall event. Logistics and Planning: From venue setup to sound checks and performance scheduling, the Opulence MIA team meticulously manages every logistical aspect of the musical component of the event, ensuring a smooth and flawless execution. Why Choose Opulence MIA for Musical Event Management in South Florida? Opulence MIA is not just an event planner; they are creators of extraordinary experiences. Here's why clients choose Opulence MIA for their musical event management needs in South Florida: Expertise in Event Planning: With years of experience in planning and managing events of all sizes and types, Opulence MIA brings a wealth of knowledge and expertise to every project. Their team is skilled at handling even the most complex logistical challenges, ensuring a stress-free experience for clients. Customized Solutions: At Opulence MIA, every event is unique. They work closely with clients to understand their vision and create a bespoke event plan that reflects their style and preferences. Whether it's an intimate gathering or a large-scale celebration, Opulence MIA delivers a tailored experience that exceeds expectations. Access to Top Talent: Opulence MIA has built strong relationships with some of the best musicians, bands, DJs, and entertainers in South Florida. This allows them to offer clients exclusive access to top talent, ensuring a high-quality musical experience that is unmatched in the industry. Commitment to Excellence: From the initial consultation to the final note, Opulence MIA is dedicated to providing exceptional service and ensuring that every event is executed flawlessly. Their attention to detail and commitment to excellence set them apart as a leader in musical event management in South Florida. About Opulence MIA Opulence Miami is a premier event planner in Miami, Florida, known for creating luxurious and unforgettable experiences. Specializing in weddings, corporate events, and social gatherings, Opulence MIA delivers tailored event planning and design services. Their dedicated team ensures every detail is meticulously handled, from venue selection to décor and entertainment, making each event uniquely memorable. Choose Opulence MIA for your next event and experience the epitome of elegance and sophistication in Miami, Florida. For more information about Opulence MIA and their musical event management services in South Florida, please visit [Your Website URL] or contact [Your Contact Information]. Contact Information OPULENCE ENTERTAINMENT 400 University Drive, Floor 3 Coral Gables, FL 33134 786-204-1555Media ContactOpulence Entertainment Group Source :Opulence Entertainment Group
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Nightfall Group Offers High-End Vacation Rentals in Los Angeles
Los Angeles, California Aug 25, 2024 - Nightfall Group is excited to announce the expansion of its premium vacation rental services in Los Angeles, establishing a new standard for luxury and exclusivity in the city's thriving rental market. Serving both local and international travelers, Nightfall Group offers an unparalleled selection of high-end properties, meticulously chosen to provide a seamless and unforgettable experience. Experience the Pinnacle of Luxury in Los Angeles Amidst the growing demand for luxurious and private accommodations, Nightfall Group's vacation rental services in Los Angeles stand out by offering a handpicked selection of exquisite homes, villas, and mansions. Each property in our portfolio is thoughtfully chosen to embody the essence of opulence, ensuring that every guest enjoys the highest level of comfort and sophistication. Los Angeles, famed for its iconic landscapes, glamorous lifestyle, and rich cultural heritage, is the perfect destination for those seeking an extraordinary vacation experience. Nightfall Group's properties are strategically located in the city's most sought-after neighborhoods, including Beverly Hills, Malibu, and Hollywood Hills, allowing guests to immerse themselves in the city's vibrant energy while enjoying the privacy and exclusivity of their luxury rental. Why Choose Nightfall Group? Nightfall Group has earned its reputation as a leader in the luxury vacation rental industry by consistently delivering exceptional service and unforgettable experiences. Our commitment to excellence is reflected in every aspect of our vacation rental services in Los Angeles, from the selection of our properties to the personalized attention our guests receive throughout their stay. Curated Luxury Properties: Each home, villa, and mansion in our portfolio is carefully curated to meet the highest standards of luxury. Guests can choose from a wide range of properties, each offering unique features such as stunning ocean views, private pools, state-of-the-art amenities, and more. Unparalleled Customer Service: At Nightfall Group, we believe that true luxury goes beyond lavish accommodations. Our dedicated concierge team is available 24/7 to assist guests with any request, whether it's arranging a private chef, booking exclusive experiences, or providing local recommendations. Tailored Experiences: We understand that every guest is unique, which is why we offer tailored experiences that cater to individual preferences. Whether you're planning a family vacation, a romantic getaway, or a corporate retreat, Nightfall Group ensures that your stay is personalized to perfection. Expanding Horizons: Nightfall Group in Miami, Florida In addition to our premier vacation rental services in Los Angeles, Nightfall Group is also thrilled to showcase our villa rentals in Miami, Florida. Our exclusive collection of magnificent villas in Miami offers unrivaled luxury, combining elegance and comfort to create the perfect setting for discerning guests. Each villa boasts breathtaking vistas, private pools, and first-rate amenities, ensuring an unforgettable visit. Whether you're planning a family trip or a luxurious break, Nightfall Group's Miami experience is tailored to your preferences, enhanced by our great service and personalized offerings. A Commitment to Excellence Nightfall Group is dedicated to setting new benchmarks in the luxury vacation rental market. Our vacation rental services in Los Angeles are designed to cater to the needs of the most discerning travelers, providing an experience that is both memorable and seamless. We take pride in our ability to offer properties that not only meet but exceed our guests' expectations, ensuring that every stay is truly exceptional. Booking Your Dream Vacation Booking with Nightfall Group is more than just reserving a place to stay - it's about experiencing the best that Los Angeles has to offer. Our team is committed to making your vacation dreams a reality, with a simple and stress-free booking process. Whether you're looking for a luxurious villa with panoramic city views or a serene beachfront mansion, Nightfall Group has the perfect property to suit your needs. Visit our website at The Nightfall Group to explore our exclusive portfolio of luxury vacation rentals in Los Angeles and Miami, Florida. Discover the ultimate in luxury living and make your next vacation one to remember with Nightfall Group. About Nightfall Group The Nightfall Group is a leading provider of luxury vacation rentals, offering a curated selection of high-end properties in Los Angeles and Miami. Our commitment to excellence and personalized service ensures that every guest enjoys a world-class experience tailored to their preferences. From stunning villas to exclusive concierge services, Nightfall Group redefines the luxury vacation experience. Contact Information: Nightfall GroupWebsite: Email: info@nightfallgroup.comPhone: +1 (310) 402-5061 Media ContactThe Nightfall Group+ 1 (310) 666-70121688 Meridian Ave, Ste 700, Miami beach, FL 33139 Source :The Nightfall Group
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Elitas Appliances Marks First Anniversary in India, Leveraging 100 Years of Experience
Elitas Appliances is celebrating its first anniversary in India, a milestone that marks a successful entry into the competitive consumer durables market. Leveraging a century of global experience, Elitas has quickly gained recognition for its innovative and reliable products designed specifically for Indian consumers. Within a year, Elitas has introduced air conditioners that have set new standards for energy efficiency and cooling performance. The brand's dedication to quality and customer satisfaction has helped it establish a strong presence in the Indian market, with plans to expand its product portfolio in the near future. "We are thrilled to continue offering products that combine cutting-edge technology with the durability and reliability our customers expect," the company stated. Air condition, water cooler /Online water cooler, water dispenser and dehumidifier. Looking ahead, Elitas aims to introduce a range of new products, including refrigerators and washing machines, all meticulously designed with the Indian consumer in mind. With a solid foundation of global expertise and a year of local experience, Elitas Appliances is well-positioned for sustained growth in India.
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Australia Enacts Right to Disconnect Law, Allowing Workers to Ignore After-Hours Communications
New legislation in Australia, effective as of Monday, grants workers the legal right to disregard unreasonable work-related calls and emails outside of regular work hours. This measure has sparked criticism from business groups. Under the new law, employers face potential fines of ($63,000) for contacting employees for non-essential reasons during non-working hours. “Just as individuals don’t receive compensation 24 hours a day, they shouldn’t be expected to work 24 hours a day,” Prime Minister Anthony Albanese stated on Monday to the Australian Broadcasting Corp., expressing his belief that these changes will boost productivity. “Many Australians, I believe, are growing frustrated with the expectation of being accessible via phone, email, and other means throughout the day,” he added. “It’s a mental health issue, frankly.” Australia joins other nations such as France, Spain, and Belgium in enacting “right to disconnect” laws intended to safeguard workers from excessive contact outside of their work hours. Other governments worldwide are contemplating similar measures. Local business groups have voiced concerns regarding the new laws. Andrew McKellar, chief executive officer of the Australian Chamber of Commerce and Industry, characterized the changes as a “thought bubble” and stated that businesses were not consulted during the legislative process. Any disputes arising from employers’ attempts to contact workers outside of office hours can be escalated to Australia’s industrial relations umpire, the Fair Work Commission, for a final resolution, as announced by Workplace Relations Minister Murray Watt on Monday. However, he expressed hope that employers and employees would be able to resolve any disputes through dialogue, avoiding the need for escalation. The right to disconnect will apply immediately to employees of medium and large enterprises. Small businesses will have a 12-month grace period before the law affects their workers, according to the government.
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Explore the Wonders of Macao: Participate in the “Experience Macao Limited Edition”
EQS Newswire / 26/08/2024 / 14:00 UTC+8 To showcase Macao’s rich tourism resources and unique culture, the Macao Government Tourism Office (MGTO) officially launched the International “Experience Macao Limited Edition” campaign at an online press conference on August 26 at 11:00 AM (Beijing time). During the conference, MGTO Director Maria Helena de Senna Fernandes, along with representatives from Galaxy Entertainment Group, Melco Resorts & Entertainment, MGM China, Sands China, Wynn Macao, and SJM Holdings, detailed the event’s rules and impressive prizes. This campaign combines an online game with offline experiences, aiming to attract International visitors to explore the enchanting charm of Macao. A major highlight of the campaign is the exclusive theme song “Lovin' My Stay,” created for this campaign by the Macao Government Tourism Office (MGTO). The song is performed by MIYEON of the South Korean girl group (G)I-DLE, who also came to Macao to film the music video (MV). Through this MV, audiences can experience Macao’s unique allure in tune with MIYEON’s music. During the campaign, participants can register on the ExperienceMacaoLimitedEdition.com website and answer three questions related to Macao daily for a chance to win one of 100 “Experience Macao Limited Edition prizes” . The campaign is divided into three phases: Phase 1 from August 26 to September 4, Phase 2 from September 16 to September 25, and Phase 3 from October 7 to October 17. Participants who answer all three questions correctly will have a chance to enter the draw and win opportunities to unlock more experiences in Macao. Prizes include round-trip flights to Macao, premium accommodations, and unique experiences meticulously arranged by MGTO in collaboration with Macao’s six major integrated resorts. These experiences include cultural visits, intangible cultural heritage, Michelin-starred dining, and entertainment activities, providing winners with an unforgettable journey through Macao. Additionally, a special “Ultimate Experience Macao Limited Edition Prize” is set. Among the 100 prize winners, the participant who receives the most likes on social media by sharing their Macao experience before December 31, 2024, will win the Ultimate Experience Macao Limited Edition Prize—a 30-day free trip to Macao. The Ultimate Experience Macao Limited Edition Prize winner will have the opportunity to explore top attractions and rich culture throughout Macao, fully enjoying its endless charm. Whether you are a devoted fan of Macao or a newcomer from around the world, this interactive experience is not to be missed. For more information about the event, please follow the official Instagram account of the Macao Government Tourism Office, @visitmacao, where all winners will be announced. More details can be found on the Macao Government Tourism Office’s other official social media platforms. For more information, please visit: Official Website: ExperienceMacaoLimitedEdition.com Instagram: @visitmacao Facebook: https://www.facebook.com/visitmacao/ 26/08/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Toni Bou Wins 18th Consecutive FIM Trial World Championship Title
TOKYO, Aug 26, 2024 - (JCN Newswire via SeaPRwire.com) - Repsol Honda Team rider Toni Bou (Spain, 37 years old) has won the 2024 FIM* Trial World Championship. He has clinched his 18th consecutive title, extending his own record, by winning the Round 6 in France, held on August 25.This year’s Trial World Championship is contested over seven rounds (12 trials). Bou was off to a good start to the season by winning both trials at the TrialGP of Japan, held for the first time as a season-opener, at Mobility Resort Motegi. Although he dominated Round 2 in Andorra, and was victorious in the first trial of the following TrialGP of Italy, Bou’s second place finish in Trial 2 put an end to his winning streak. Undeterred, he dominated Round 4 in Germany for his third perfect GP of the season, and Round 5 in Belgium. Going into Round 6, the TrailGP of France, Bou had already amassed 8 wins out of 9 trials in pursuit of his 18th consecutive TrailGP title. Once again Bou was victorious, and with a sufficient point gap to his closest contender, teammate Gabriel Marcelli (Spain, 24 years old), was crowned champion with one round remaining.Since clinching his first world championship title in 2007 on HRC’s Montesa COTA 4RT factory bike, Bou has increased his unparalleled consecutive outdoor championship titles to 18, and has also won his 17th consecutive X Trial World Championship, an indoor competition raced on artificially prepared sections. He currently leads the 2024 indoor championship which resumes in October, aiming to claim his 18th consecutive title.Toni Bou | Repsol Honda Team“First of all, I would like to thank the team for the incredible work they have done this season. When there is a chance to win the title, there is always more pressure and the possibility of best and we got a great victory. If we can win the title by winning the race, then it's even better. It has been a very good season in which we have worked very well. It is one of the best seasons of my professional career and I am very happy.”Takahisa Fujinami | Repsol Honda Team Manager“It was an incredible day and I want to congratulate Toni for the victory and the title. He has once again shown how great his talent is and the effort he puts in race after race to achieve the best results. I am also happy with Gabri’s race. It will be important to continue at this level in Ripoll to achieve the runner-up position. I want to thank HRC, all the sponsors and the team for supporting us on the way to the title and making it possible once again.”Koji Watanabe, President of Honda Racing Corporation“I would like to extend my heartfelt congratulations to Toni Bou on his unprecedented 18th consecutive win in the Trial World Championship. He has dominated this season with a series of victories since the opening round in Japan, and we look forward to him extending his records in the future. I would like to express my heartfelt thanks to our team manager Takahisa Fujinami, the entire team staff, and the many sponsors who support our racing activities. Last but not least, I would like to thank once again all the trial fans around the world who have always given us their enthusiastic support!”About Toni BouBirth Date: October 17, 1986 (37 years old)Birthplace: SpainCareer Highlights:2003Trial World Championship debut2007Joins Repsol Montesa HRC, Wins his first Trial World Championship and X-Trial World Championship2008 - 2023Wins every Trial World Championship & X-Trial World Championship (17 each, 34 total)2024Wins his 18th Trial World ChampionshipMontesa COTA 4RT OverviewEngine: Liquid-cooled 4-stroke OHC single-cylinder engineFrame: Aluminum twin-tubeTires: 21-inch (front) 18-inch (rear)*FIM: Fédération Internationale de Motocyclisme Copyright 2024 JCN Newswire via SeaPRwire.com.
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Fujitsu tackles ‘drug loss’ in Japan through ecosystem to accelerate digitalization of clinical trials
KAWASAKI, Japan, Aug 26, 2024 - (JCN Newswire via SeaPRwire.com) - Fujitsu today announced that it will begin initiatives to attract global clinical trials to Japan and tackle the ‘drug loss’ issue by working with pharmaceutical companies and medical institutions to build a new medical data ecosystem. The efforts come under the Fujitsu Uvance Healthy Living, which aims to improve people’s well-being.In July 2024, Fujitsu formed a strategic partnership with Paradigm Health, Inc., a US startup that provides one of the world’s most advanced clinical trial platforms. Through utilizing this platform, Fujitsu’s Healthy Living Platform, and the Fujitsu Kozuchi AI service, Fujitsu and Paradigm will facilitate the collection and processing of data stored at medical institutions and speed up the clinical trial planning process.In addition, starting today, Fujitsu will release Patient-centric Clinical Trials, a new service for automatically creating clinical trial documents using Fujitsu’s proprietary large language model (LLM). This service will be positioned in the company’s Healthy Living portfolio.Fujitsu will continue to expand its support to include not only clinical trial planning, but also implementation, and will work to solve issues throughout the entire clinical trial process. Through these efforts, Fujitsu aims to secure 20.0 billion yen in revenue in fiscal 2030, as well as contribute to achieving a society in which patients can quickly obtain the medicine they need and choose the treatment that best suits them.BackgroundIn Japan, patients who participate in clinical trials are dispersed across multiple hospitals making the process costly and time consuming. There has been an increasing number of cases in which Japan is excluded from regions targeted for global clinical trials. The impact of Japan’s drug pricing policy is also contributing to this situation.As a result, the number of drugs that are in use outside of Japan but are not approved for use in Japan had risen to 143 as of March 2023 (source: the Japanese Ministry of Health, Labour and Welfare of Japan).Overview of the Initiatives1. Accelerating Digitization in the Area of Clinical Trials through Fujitsu’s Partnership with ParadigmFujitsu will work with Paradigm, a US startup that provides pharmaceutical companies and medical institutions with one-stop support for the clinical trial process, to develop a new clinical trial data ecosystem that utilizes medical data. Paradigm’s clinical trial platform, which hosts many global clinical trials and has a long track record of success, will be combined with Fujitsu’s operational support expertise and cutting-edge technologies in the area of healthcare and life sciences in Japan.Clinical data, such as medical data and genomic data, will be collected from medical institutions through Fujitsu’s Healthy Living Platform. Fujitsu’s AI service, Fujitsu Kozuchi, will process this data so that it is compliant with the necessary laws and regulations, and it will be provided to Paradigm. In addition, Paradigm will use its clinical trial platform to analyze the data and provide pharmaceutical companies with the insight needed to plan and conduct clinical trials. This will allow pharmaceutical companies to better understand the situation at the medical institutions as well as the distribution of patients during the planning phase of the clinical trial, and significantly optimize the clinical trial design process.Medical institutions will also be able to quickly access information about clinical trials in which patients are able to participate through Paradigm’s clinical trial platform, making it easier for medical institutions to encourage patients to participate in clinical trials at the appropriate time.Fujitsu will launch these solutions starting in September 2024, beginning with providing support to core clinical research hospitals.2. Providing Patient-centric Clinical Trials, a New Offering for Optimizing Clinical Trial Workflows through a Specialized LLMIn Japan, the hundreds of clinical trial-related documents that pharmaceutical companies need to produce to develop a new drug are still being created and managed manually. However, by using its LLM specialized for clinical trials, Fujitsu will offer a service that can automatically create these documents and ensure that they are in compliance with regulations. This service will be provided in Japan as the Patient-centric Clinical Trials offering as part of its Healthy Living portfolio.In conducting a PoC of this offering with a pharmaceutical company, the LLM was able to automatically create approximately 80% of each document. According to Fujitsu’s estimates, this is expected to lead to a reduction in the total time required to create documentation of up to 50%. Through this offering, Fujitsu aims to make a significant contribution to optimizing the clinical trial planning and implementation workflow.Future PlansFujitsu will work to accelerate the digitalization of the clinical trial environment in Japan by providing total support for the entire clinical trial process, including planning and implementation. Through these efforts, Fujitsu aims to create the groundwork for increasing the number of global clinical trials conducted in Japan, solve the issue of drug loss and contribute to achieving a society in which all individuals can choose to live their lives in the way that suits them.Statement from Kent Thoelke, CEO of Paradigm Health, Inc.Paradigm is excited to be partnering with Fujitsu to maximize clinical trial efficiency in Japan. This collaboration will modernize the clinical trial model and provide unprecedented access to clinical trials for patients across Japan. The partnership will leverage Paradigm’s industry leading Platform and Fujitsu’s expansive healthcare solutions to increase clinical trial patient accrual, decrease overall drug development timelines and costs, while working to eliminate drug loss in Japan. We believe that this collaboration will establish Japan as an essential part of the global clinical trials and drug development ecosystem while ensuring that Japanese patients have equitable access to the best possible care options.About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.Press ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiries Copyright 2024 JCN Newswire via SeaPRwire.com.
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Franchise Opportunities with All State Franchise Finders
As franchise expert Derek Cafferata from All State Franchise Finders explains, small businesses and franchising play a crucial role in the economy.Fort Worth, Texas Aug 24, 2024 - All State Franchise Finders is an award-winning company specializing in the franchising industry, providing expert advice for franchisees and franchisors. The landscape of small businesses and franchising in the United States is dynamic and essential to the nation's economic vitality. Small businesses, forming the backbone of the American economy, and franchises, offering a structured approach to entrepreneurship, both make significant contributions to economic growth, job creation, and innovation. The Role of Small Businesses Small businesses are vital to driving economic growth in the United States. According to the U.S. Small Business Administration (SBA), there are approximately 33.2 million small businesses in the country, representing 99.9% of all U.S. businesses. These enterprises generate nearly half of the private-sector GDP and employ roughly half of the U.S. workforce. Small businesses offer a wide array of products and services, from retail stores and restaurants to tech startups and professional services. Their agility allows them to adapt quickly to market changes and customer demands. Moreover, small businesses foster innovation by providing a platform for new ideas and entrepreneurial spirit. Challenges Faced by Small Businesses Despite their contributions, small businesses often face significant challenges. Access to capital remains a major obstacle, with many small business owners relying on personal savings or high-interest loans to fund their operations. Regulatory compliance, including zoning laws, tax regulations, and labor laws, can also be complex and burdensome. Furthermore, small businesses must navigate the competitive landscape against larger corporations with greater resources. Marketing and customer acquisition are ongoing challenges, particularly for new entrants who must build brand recognition and customer loyalty from the ground up. Here's where a franchise expert can make a significant difference. "Seeking advice from a franchise expert can alleviate the stress associated with franchise selection, financing, and setup," says Derek Cafferata, President and Chief Executive Officer of franchise experts All State Franchise Finders. The Franchise Model Franchising offers an alternative path for entrepreneurs seeking to start a business. A franchise provides a proven business model, brand recognition, and support systems, which can significantly reduce the risk of failure compared to starting a business from scratch. In the U.S., the franchising sector is substantial, with over 750,000 franchise establishments generating more than $800 billion in annual revenue. Benefits of Franchising Established Brand: Franchises benefit from established brand recognition, which can attract customers and provide a competitive edge. Operational Support: Franchisors offer extensive training, marketing support, and operational guidance, which can help franchisees navigate the complexities of running a business. Economies of Scale: Franchisees often gain access to bulk purchasing discounts and other economies of scale that can reduce costs and improve profitability. Reduced Risk: The franchise model generally comes with a lower risk compared to starting a new business, due to the proven success of the franchise concept and the support provided. Challenges in Franchising However, franchising is not without its challenges. Franchisees must adhere to the franchisor's guidelines and operational procedures, which can limit their autonomy. Additionally, franchise agreements often require significant upfront investment and ongoing royalty payments, which can strain financial resources. Another potential issue is the franchisee's dependence on the franchisor's brand reputation and business practices. Any negative developments or controversies affecting the franchisor can impact all franchisees. Current Trends and Future Outlook The small business and franchising sectors are evolving in response to changing market conditions and consumer preferences. Technology is playing a crucial role, with digital marketing, e-commerce, and data analytics becoming integral to business strategies. Many small businesses and franchises are leveraging these tools to enhance customer engagement and streamline operations. Sustainability is another growing trend, with consumers increasingly favoring businesses that prioritize environmental and social responsibility. Small businesses and franchises are adapting by adopting sustainable practices and focusing on community engagement. Looking ahead, the future of small businesses and franchising in the U.S. appears promising, despite the challenges. Innovations in technology, shifts in consumer behavior, and evolving market dynamics will continue to shape these sectors. Entrepreneurs and franchisees who can adapt to these changes and leverage emerging opportunities will be well-positioned for success. ALLSTATEFF.COM Your Franchise Experts Small businesses and franchises are both essential to the U.S. economy, each offering unique opportunities and facing distinct challenges. While small businesses drive innovation and local economic growth, franchising provides a structured pathway to entrepreneurship with established support systems. As both sectors continue to evolve, they will remain crucial in shaping the future of American business. Derek Cafferata and his team are here to assist potential franchisees with the daunting process of franchise selection, sign-up, and setup. All State Franchise Finders are award-winning experts ready to offer all the necessary advice. Contact the team on 1-800-544-2161 or visit today.Media ContactNewsworthy Video Source :All State Franchise Finders
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GoKardz launches an innovative digital cards platform to make businesses and networking more sustainable
KUALA LUMPUR, Aug 26, 2024 - (ACN Newswire via SeaPRwire.com) - GoKardz, a new-age digital business card platform, launched its innovative solution to redefine modern networking. GoKardz, a Malaysia-based tech startup that hosted a soft launch event in Kuala Lumpur, promises to be a game-changer in how professionals manage and share their digital identities. Based on the available statistics, five million trees are cut down each year to produce business cards. And hundred billion paper business cards are printed every year, of which 88% of business cards are thrown away or lost within a week, making it is big and meaningful problem to solve. With GoKardz, users can now seamlessly connect, network, and present themselves in the most dynamic and personalized way, using a solution that is highly sustainable.Amaresh Panda, Founder of GoKardzGoKardz is not just a digital business card platform; it is a comprehensive solution for creating a distinct professional identity in the digital era, coupled with a platform-enabled services ecosystem. With GoKardz, users can seamlessly connect, network, and present themselves in the most dynamic, personalized and sustainable way. And, its platform-enabled services ecosystem is the foundation for delivering real value to business & enterprise users by offering them solutions for identity & access management, programmatic advertising & marketing solutions, job listings and an online store with exclusive GoKardz branded merchandise.Guests Downloading the GoKardz AppAmaresh Panda, the visionary founder of GoKardz, has always been passionate about leveraging technology to solve real-world problems. He envisages GoKardz to be the world’s leading platform for professional digital identity, modern networking, and opportunity discovery. He says, with ‘One Card, Infinite Opportunities’ as its tag line, the company’s mission is to revolutionize professional networking by bridging gaps, fostering collaboration, and creating opportunities for professionals worldwide through simple and user-empowering technology that is sustainable. He continues to add, ‘While there are a few other similar products in the market that offer digital cards, we have made a bold attempt to take the game to a whole new level by keeping the digital business card at the centre and curating the whole digital identity and product-enabled services ecosystem around it. I am confident it will offer tremendous added value to our users, individual as well as corporates.’ When asked about, who could benefit the most by using the GoKardz solutions, Amaresh replied, ‘While any individual or business user is welcome to experience our product, we believe entrepreneurs & business owners, professionals in sales & marketing, freelancers who need to promote their products & services, event attendees and the professionals in the recruitment & talent industry stand to benefit the most out of the current features on the platform.’GoKardz, is a venture from the venture building studio of Kuber Ventures, a Singapore-based venture studio with presence across India, Malaysia & Australia. The venture-building partnership and investment from Kuber Ventures has significantly bolstered GoKardz’s time to market, innovation capabilities & growth. With this strategic support, GoKardz will be able to enhance its technology infrastructure, expand its range of features, and improve user experience, quite rapidly. The market access provided by Kuber Ventures will also enable GoKardz to accelerate its market expansion beyond Malaysian shores as the company grows its footprint, reaching a broader audience and establishing a stronger presence in the industry.Guests with Kuber Ventures TeamAccording to Alok Kumar, the visionary Partner of Kuber Ventures, GoKardz is the first product in 2024 to be launched from our venture studio and has tremendous potential for growth. With their digital & NFC-enabled cards, tracking & managing contacts for individual as well as business or enterprise users is a breeze. On top of it, the platform also offers certain curated services specially designed for businesses and an online store with GoKardz merchandise, which will be launched soon.Karunjit Kumar Dhir, the Partner at Kuber Ventures added, with attention spans getting shorter and information overload everywhere, it is time to simplify fundamental things like managing our digital identity and the way we network or keep in touch with our friends, colleagues, business partners and professional network at large. Paper business cards are often misplaced, outdated, or discarded. For companies, paper cards mean lost control over sharing, no analytics to measure effectiveness, and the inability to update contacts in real-time, limiting their use for marketing and brand consistency. We are excited to witness the growth and engagement of early adopters on the platform, and the fact that GoKardz team has already started onboarding paying customers gives us high confidence about this latest venture from our studio this year. I am excited to start using the GoKardz mobile app and my personalised NFC-enabled card powered by GoKardz and the fact that I will never have to worry about printing or managing my paper business cards ever again.Showcasing GoKardz NFC Card and MerchandiseAbout GoKardz GoKardz is a digital business card platform dedicated to redefining professional networking. It offers a vibrant networking environment, a dynamic job platform, and various professional services, all designed to make advanced technology accessible, inclusive, and impactful. The platform supports multiple languages and provides robust customization options to reflect unique professional identities. Above all, it enables all of us in going green by adopting a more sustainable alternative than paper-based cards, which are difficult to track & maintain.For more details on GoKardz, visit our website. Join us to witness the future of professional networking with GoKardz.Experience GoKardz and redefine your professional networking by downloading our app from the following links:GoKardz for iOS: https://apple.co/3wdzhJDGoKardz for Android: https://bit.ly/3UsJvxQGoKardz: Digital Business Cards to Elevate Networking & Amplify SuccessEmpower your professional network with GoKardz digital cards. Create your digital business card, download our iOS or Android app, or get started on our web dashboard today!For more information, please contact:Email: hello@gokardz.com ; komal@mianext.comWebsite: www.gokardz.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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TRENDE Acquiring Renewable Energy Business from ONE Energy
TOKYO, Aug 26, 2024 - (JCN Newswire via SeaPRwire.com) - TRENDE Inc., a renewable energy company that develops and provides renewable energy solutions to residential customers in Japan, announced plans to acquire ONE Energy Corporation’s renewable energy business. The acquisition includes ONE Energy’s battery storage rental, solar leasing, and rooftop solar generation businesses. The transaction is expected to close on October 1, 2024.Considering the numerous environmental risks posed by climate change, the transition to renewable energy sources is advancing with the goal of creating a low-carbon society. However, one significant challenge remains: stabilizing the electricity supply generated from renewable sources. To address this issue, battery storage systems are emerging as a vital solution, enabling the widespread adoption of renewable energy. This development underscores the need for more competitive and efficient energy services to support this transition.TRENDE is developing a battery storage and solar power system leasing business called "Teraris." The company anticipates synergies in providing similar services to ONE Energy's customers, leading to the decision to acquire the business. TRENDE plans to introduce ONE Energy's customers to the "Teraris" solar power system leasing, as well as the home battery storage system series "Smart Star." The "Smart Star" system enables remote charge and discharge control using AI "Grid Share" technology.In the future, TRENDE aims to introduce peer-to-peer (P2P) electricity trading technology. This innovative approach allows customers to buy and sell excess solar energy directly with each other, creating a decentralized energy marketplace. By incorporating P2P trading, TRENDE can further optimize the use of renewable energy and provide additional value to its customers.The acquisition of ONE Energy's business and the integration of "Teraris" and "Smart Star" systems will enable TRENDE to offer a comprehensive suite of renewable energy solutions to a wider customer base. This strategic move aligns with the growing demand for clean energy and energy storage systems, driven by the need for sustainable and reliable power sources.About TRENDETRENDE Inc. is a renewable energy company that develops and provides renewable energy solutions to residential customers in Japan via its Teraris (https://teraris.jp/) service website. TRENDE’s mission is to accelerate the widespread adoption of renewable energy and redefine the energy ecosystem in Japan with a customer-centric business model and innovative P2P platform. The company’s investors include Itochu, Idemitsu and Dubai Electricity and Water Authority. For more information, please visit http://trende.jp/.For inquiries, please contact:TRENDE Inc.Email: pr@trende.jp Copyright 2024 JCN Newswire via SeaPRwire.com.
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Who is Pavel Durov, the Founder of Telegram?
Pavel Durov, founder and CEO of the encrypted messaging service Telegram, made headlines earlier this year when the app reached 900 million users and was close to becoming profitable. Now, the 39-year-old is in the news for a different reason. French media reported that he was taken into police custody on Saturday, Aug. 24. According to investigators from the National Anti-Fraud Office, which is part of the French customs department, the arrest was based on charges related to the spread of illegal content on Telegram. “Telegram abides by E.U. laws, including the Digital Services Act—its moderation is within industry standards and constantly improving. Telegram’s CEO Pavel Durov has nothing to hide and travels frequently in Europe,” Telegram wrote in a statement emailed to TIME. “It is absurd to claim that a platform or its owner are responsible for abuse of that platform.” The Paris Prosecutor’s Office and France’s Ministry of Justice did not respond to TIME’s request for comment. Durov has been a successful app developer for years. In an interview with U.S. conservative political commentator Tucker Carlson in April 2024, Durov discussed the importance of free speech to him, and why he created Telegram. “For me, it was never about getting rich. For me, everything in my life was about becoming free,” Durov told Carlson during their sit-down in Dubai. “And to the extent that it was possible, my mission in life was to allow others to also be free. And using the platforms that we created, my hope was that they could express their freedom.” With public interest in Durov arguably at an all-time high, here’s what to know about the business mogul. Pavel Durov co-founded the encrypted messaging service Telegram and the social media platform VK Durov has been referred to as the “Mark Zuckerberg of Russia,” according to some media outlets, after co-founding the social media platform VKontakte (VK) in his native country in 2006. In 2014, Durov resigned from VK, claiming he was forced out by the company’s new owners. Meanwhile, VK stated that they were acting on a previous resignation letter from Durov that had not been rescinded. Durov fled Russia in 2014, selling his stake in VK, after reportedly refusing to cooperate with Russian authorities and provide encrypted data of users of the app. “It was a bit painful because my first company was my baby,” Durov told Carlson in his 2024 interview. “But, at the same time, I understood that I would rather be free; I wouldn’t want to take orders from anyone.” In 2013, Durov founded Telegram with his brother, Nikolai Durov, which has only grown in popularity since. Per Telegram, the messaging app has “a billion monthly active users.” Telegram is like SMS and email combined—and can take care of all your personal or business messaging needs.” During his exile, Durov focused intensely on being nomadic. “I’m very happy right now without any property anywhere,” Durov told the New York Times in 2014. “I consider myself a legal citizen of the world.” Telegram was blocked in Russia from 2018 to 2020 after Telegram refused to give Russia’s Federal Security Service (FSB) encryption keys granting access to user messaging data. What is Pavel Durov’s Nationality? Durov was born in 1984 in the then-Soviet Union. When he was 4 years old, his family moved to Italy, though he returned to Russia after his father received a job at St Petersburg University, where he himself eventually attended for education. Durov was granted French citizenship in 2015, but lives in Dubai. He is a Russian citizen as well. What is Pavel Durov’s Net worth? According to Forbes, as of Aug. 25, Durov’s net worth is estimated to be $15.5 billion. Durov is currently listed number 120 on Forbes’ billionaire list. Does Pavel Durov have a wife and children? Durov is unmarried, but reportedly has five children that he shares with his ex-girlfriends, according to his Forbes profile. On July 29, Durov revealed on Telegram that he has over “100 biological kids” via sperm donation.
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Hektar REIT’s Q2 Realised Net Income Up 42.8% Backed by Enlarged and Diversified Asset Portfolio
Gross Revenue surged by 34.4% year-on-year to RM36.6 million.Net Property Income increased by 33.7% to RM20.7 million, bolstered by new revenue stream from its recently acquired non-retail asset - Kolej Yayasan Saad.Strong performance across Hektar Malls with 6.4% Positive Rental Reversion and close to 90% overall committed occupancy.Announces first interim income distribution of 1.9 sen per unit together with Income Distribution Reinvestment Plan.KUALA LUMPUR, Aug 23, 2024 - (ACN Newswire via SeaPRwire.com) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”) is pleased to announce the second quarter results for the financial year ending 30 June 2024 (“Q2 FY2024”), highlighting a significant improvement in financial performance driven by new revenue contribution from Kolej Yayasan Saad and effective operational management.Sabrina Halim, Chief Operating Officer of Hektar Asset Management In Q2 FY2024, Hektar REIT reported revenue of RM36.6 million, an increase of 34.4% compared to RM27.2 million in the preceding year’s corresponding quarter (“Q2 FY2023”) largely attributed to the rental income recognised from its newly acquired education asset, Kolej Yayasan Saad (“KYS”). Net Property Income (“NPI”) increased by 33.7% from RM15.5 million to RM20.7 million, and Net Realised Income surged by 42.8% to RM9.9 million in Q2 FY2024.Hektar REITSummary of Financial Results for 2Q24Q2’ 2024RM’000Q2’ 2023RM’000Variance%Total Revenue36,55727,20734.4Nei Property Income (“NPI”)20,71315,42733.7Net Realised Income9,9336,95642.8 The quarter under review saw an encouraging rental reversion rate across all Hektar Malls with overall rental reversion recorded at 6.4%. On its tenancy expiry profile, a total of 28 renewals and new tenancies were secured which make up to 3.2% of the portfolio’s net lettable area. Cumulatively, a total of 62 renewals and new tenancies representing 259,676 sf of 12.7% of its retail portfolio’s net lettable area have been completed to-date with other expiring tenancies are currently in advanced negotiations stage, on track for conclusion by year-end.Supported by the strong financial performance, the Manager of Hektar REIT has declared an interim income distribution of 1.9 sen per unit for Q2 FY2024, totalling RM13.4 million. This translates to an annualised dividend yield of 6.4% based on the closing price of RM0.595 on 28 June 2024. The Income Distribution Reinvestment Plan (“IDRP”) will be applied, allowing unitholders to reinvest their dividends into new units. Unitholders are presented with this option to enhance their investments in Hektar REIT, in alignment to Hektar REIT’s capital growth and preservation objectives.As at Q2 FY2024, the overall occupancy rate at Hektar Malls was recorded at 87.2%. On the other hand, secured occupancy rate has further improved to 89.3% with tenants committed to open their doors to customers in the coming quarters. The encouraging numbers resulted from Hektar REIT’s enhance leasing strategies, continuous Asset Enhancement Initiatives (“AEI”) together with the strong retail industry outlook for the remaining half of 2024.To further extract values from its portfolio of retail assets, the Manager’s focus remains to be on Subang Parade’s overall repositioning. Urban Agenda Design Sdn Bhd was recently appointed as the lead architect for the rejuvenation project which covers Subang Parade’s interior and exterior facelifts to be implemented over three (3) years. Urban Agenda Design Sdn Bhd is an experienced party with extensive redevelopment portfolio ranging from REX KL, Semua House, The Five and Maximin Office (PJ). The management foresees improved occupancy levels, positive rental reversions, property valuation and increase in visitor traffic post-renovation works. The project is currently at the detailed design stage with the actual works on-site targeted to commence by Q1 2025.Sabrina Halim, Chief Operating Officer of Hektar Asset Management Sdn. Bhd. commented, "The positive results derived from the successful acquisition of our first non-retail asset marks a significant milestone in our diversification strategy. This strategic move not only broadens our portfolio but also enhances our resilience against market fluctuations. We believe that diversifying our asset base with high-quality, income-generating properties will provide a more stable revenue stream and reduce our dependency on retail assets alone.”She further added, “As we move forward, we are actively exploring further accretive opportunities that align with our long-term growth objectives, ensuring that we continue to deliver sustainable and attractive returns to our unitholders. Our commitment to optimising our asset portfolio and implementing prudent capital management practices will drive Hektar REIT’s growth and position us strongly in an increasingly competitive market environment."The Manager recently announced the intention to double Hektar REIT’s portfolio size to RM3 billion by 2027. Presented by various opportunities, the Manager is carefully appraising the prospects for their financial feasibility, strength of income stream, growth potential and contribution to the portfolio’s blended returns. With a target of having a well-balanced portfolio, the Manager is focusing on its core which is underserved retail assets with value creation potential, while also eyeing for resilient assets such as education properties within the K-12 segment and light industrial properties. Meanwhile, the Manager is continuously enhancing the leasing and marketing initiatives at Hektar Malls, with pockets of minor AEIs implemented on-site to further enhance the value propositions of the shopping centres.ABOUT HEKTAR REAL ESTATE INVESTMENT TRUSTHektar Real Estate Investment Trust (“Hektar REIT”) is Malaysia’s first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve a long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 4 December 2006 and currently owns 2 million square feet of retail space in 4 states with assets valued at RM1.2 billion as at 31 December 2023. Hektar REIT is managed by Hektar Asset Management Sdn Bhd and the property manager is Hektar Property Services Sdn Bhd. Hektar REIT’s portfolio of diversified properties includes Subang Parade in Subang Jaya, Selangor; Mahkota Parade and Kolej Yayasan Saad in Melaka; Wetex Parade & Classic Hotel in Muar, Johor; Central Square in Sungai Petani, Kedah; Kulim Central in Kulim, Kedah and Segamat Central in Segamat, Johor. For more information, please visit www.HektarREIT.comFor more information or inquiries, please contact:Hektar Asset Management Sdn BhdD1-U3-10, Solaris DutamasNo 1, Jalan Dutamas 150480 Kuala LumpurMalaysia Investor RelationsTel: +603 6205 5570Fax: +603 6205 5571Email: ir@HektarREIT.comWeb: www.HektarREIT.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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EPB Group Berhad Debut on the ACE Market with a 16.07% Premium Opening Price of RM0.65
KUALA LUMPUR, Aug 23, 2024 - (ACN Newswire via SeaPRwire.com) - EPB Group Berhad (“EPB”), and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, proudly made its debut today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The shares opened at RM0.65 per share, representing a significant 16.07% premium over the IPO price of RM0.56 per share.Ms. Tan Poh Lin, Senior Vice President of Malacca Securities Sdn. Bhd.Mr. Fok Chuan Meng, Head of Dealing of Malacca Securities Sdn. Bhd.Mr. Stephen Chua Chee Keong, Independent Non-Executive DirectorEn. Noor Azman Bin Nordin, Independent Non-Executive ChairmanMr. Liew Meng Hooi, Deputy Managing Director of EPB Group BerhadMr. Yeoh Chee Min, Managing Director of EPB Group BerhadMs. Ooi Kim Kew, Executive Director of EPB Group BerhadMr. Khor Chai Tian, Independent Non-Executive Director of EPB Group BerhadMr. Ooi Hun Pin, Independent Non-Executive Director of EPB Group BerhadMr. Wong Yoke Nyen, Director of WYNCORP Advisory Sdn, Bhd.[L-R] EPB is listed under the stock name "EPB" with the stock code “0317”.Specialising in the design, customisation, fabrication, integration, and automation of production lines, the Group is a recognised leader in the food processing and packaging machinery industry. The Group’s innovative technologies and dedication to operational efficiency have been crucial in enhancing the quality of food processing and packaging solutions, supporting clients' environmental, social, and governance ("ESG") goals, including improving operational efficiency and product quality.The successful initial public offering of EPB raised RM40.08 million from the Public Issue, which will be allocated for the following: -RM24.60 million towards factory expansion, including acquisition of land, construction of factory, and purchase of machinery;RM3.00 million for the repayment of bank borrowings;RM8.48 million for working capital purposes; andRM4.00 million for listing expenses.En. Noor Azman Bin Nordin, Independent Non-Executive Chairman, stated: "We are deeply appreciative of the overwhelming response to our IPO. This significant occasion marks a milestone for EPB, reflecting the hard work and dedication of our team and the market's confidence in our vision and strategy. The increasing demand for automation and advanced machinery in the food processing and packaging sectors presents tremendous opportunities for us. With our listing, EPB is well-positioned to drive growth and innovation. Our plans include expanding our business footprint in Penang by building a new corporate office and a factory to enhance our production capabilities and provide additional warehousing space to meet future demand. We look forward to leveraging these opportunities to deliver greater value to our stakeholders.”Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd., shared: “The successful listing of EPB Group Berhad marks an important milestone for the company and highlights the strong prospects of the industry. The sector continues to evolve with increasing consumer demand for high-quality, efficient automated solutions for food processing and packaging. Concurrently, EPB Group’s strategic focus on technological advancements and customisation uniquely positions it to capitalise on these trends. We are excited to support EPB Group in leveraging these opportunities to drive growth and innovation in the food processing and packaging machinery industry.”Malacca Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent, and WYNCORP Advisory Sdn. Bhd. is the Corporate Finance Adviser of EPB Group Berhad.About EPB Group Berhad and its group of companies (“EPB Group”)Since EPB Group Berhad (“EPB”) and its group of companies (the “Group”) inception in 1992, EPB Group has established itself as an experienced player in the food processing and packaging machinery industry in Malaysia. Starting with trading manual packaging machines, EPB Group has grown and diversified its offerings to include comprehensive solutions such as the design, customisation, fabrication, integration, and automation of production lines specifically for the food manufacturing and processing sectors. Additionally, EPB Group has expanded into trading of cellulose casings and manufacturing and trading of flexible packaging materials, enhancing its portfolio to cater to the dynamic needs of the food industry. Known for its dedication to innovation, customer-centric solutions, and operational excellence, EPB Group continues to strengthen its position in the market, driven by a commitment to advancing food processing and packaging technologies and expanding its presence both locally and regionally. For more information, visit https://epb.group/Issued By: Swan Consultancy Sdn. Bhd. on behalf of EPB Group BerhadFor more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizXinyi ChingTel: +60 19-337 9099Email: x.ching@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.