Anunta Tech joins Gartner® Peer Insights™ Customer First program

KUALA LUMPUR, June 29 (Bernama) -- Anunta Tech, a leading Managed Desktop-as-a-Service (DaaS) provider, announced joining the Gartner Peer InsightsCustomer First program for Enterprise DaaS product(s) in the DaaS market.

Gartner defines DaaS Market as “solutions that provide a virtualised desktop or Windows application experience to workers, entirely from a remote hosted location such as the public cloud.”

“We are excited to be part of the Gartner Peer Insights Customer First program. We believe it showcases our commitment to deliver innovative DaaS products to our customers by putting them at the centre” said Sivakumar Ramamurthy, CEO, Anunta Tech in a statement.

“Over the years, we have sought open customer feedback to drive product innovations at Anunta and feedback received on neutral and industry-respected platforms like Gartner Peer Insights will augment our customer-first approach.

We are grateful for all the feedback we receive from our customers in our journey to design innovative DaaS offerings.

Over the last decade, Anunta has become a trusted adviser in the DaaS market, forming long-term partnerships with global enterprises and enabling them in their digital transformation journey with continuous innovation and focus on end-user experience.

More details at https://www.anuntatech.com/

-- BERNAMA

BRINGING CUSTOMERS FROM SMALL TOWNS ONLINE THROUGH GROUP BUYING, YCOMBINATOR BACKED GOBILLION WITNESSES OUTLIER GROWTH IN INDIA

India’s pioneering group-buying social commerce platform, Gobillion, is witnessing industry leading growth and is in talks to raise their Series A funding to propel the next phase of growth

DELHI, India, June 30 (Bernama-BUSINESS WIRE) -- Since the pandemic, the e-commerce industry in India has grown massively riding on increased adoption by customers, with 80% smartphone users coming from small towns. However, the legacy e-commerce model is built to serve the needs of India's premium customers from large cities. It excludes the intrinsic needs of customers from small towns in India, which account for roughly 90% of India’s population.

Gobillion, launched with the mission of making e-commerce social and accessible for the next 500 million customers in tier 2+ towns in India, enables customers to socially group buy together with other customers and unlock massive discounts on their grocery and daily essentials.

Gobillion co-founders, Roshan Farhan and Kulapradip Bharali, are IIM-NIT alumni and are close friends.

The company has witnessed outlier growth in its operating markets with 10.4x growth in GMV over the last 8 months, currently at a $12M annualized GMV run-rate, with industry leading customer retention metrics. They are backed by YCombinator and top tier global VC funds.

In India’s small towns, dynamics are very different - people live in close-knit communities, their shopping decisions are influenced by family and friends. Gobillion augments this real life behaviour and brings the social experience to an app through their global first product, Gobillion Shopping Rooms.

Gobillion plans to expand across India and SE Asia, bringing the benefits of e-commerce to everybody. They are targeting a $100 billion market ripe for disruption.
BRINGING CUSTOMERS FROM SMALL TOWNS ONLINE THROUGH GROUP BUYING, YCOMBINATOR BACKED GOBILLION WITNESSES OUTLIER GROWTH IN INDIA

Adagene declares share repurchase programme authorisation up to US$10 million

KUALA LUMPUR, June 30 (Bernama) -- Adagene Inc (Adagene) a company transforming the discovery and development of novel antibody-based therapies, announced that its board of directors has authorised a share repurchase programme.

Under the programme, Adagene may repurchase up to US$10 million of its ordinary shares in the form of American depositary shares, subject to the relevant rules under the Securities Exchange Act of 1934, as amended (the Exchange Act), and the Company’s insider trading policy (such repurchase programme, the 2022 Share Repurchase Program). (US$1 = RM4.402)

The Company’s share repurchases, if any, under the 2022 Share Repurchase Program may be made from time to time on the open market at prevailing market prices, in open-market transactions, privately negotiated transactions or block trades, and/or through other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations.

The Company’s board of directors will review the 2022 Share Repurchase Program periodically and may authorise adjustments to its terms and size or suspend or discontinue the programme. The Company expects to utilise its existing funds to fund repurchases made under this programme.

According to a statement, the Company has disclosed certain details of the repurchases made in accordance with the prior share repurchase programme in its annual report for the year ended Dec 31, 2021 filed with the SEC.

The 2022 Share Repurchase Program will be effective upon and from the date on which a formal stock repurchase plan engagement agreement is signed with a qualified broker-dealer(s), and terminates over a 12-month period depending upon market and economic conditions, and other factors including price, legal and regulatory requirements and capital availability.

The 2022 Share Repurchase Program does not obligate Adagene to acquire any particular number of American depositary shares, and the 2022 Share Repurchase Program may be modified or suspended at any time based on the management's discretion.

More details at https://investor.adagene.com.

-- BERNAMA

VISEO declares acquisition of Asia Anaplan Gold Partner Scanomi

KUALA LUMPUR, June 28 (Bernama) -- VISEO, a global IT company specialising in digital transformation services, and Scanomi, a leading Anaplan Gold partner in Asia, have announced they are joining forces, with the acquisition to enhance the ability of both companies to deploy larger-scale digital projects across the APJ region.

Scanomi is an Anaplan Gold Partner company specialising in managing complex planning & forecasting requirements and delivering exceptional customer success, together with significant contribution in thought leadership.

Headquartered in Singapore, with over 70 clients in Southeast Asia, they have a major presence in Singapore, Malaysia and the Philippines. Their clients are spread across multiple verticals including Pharmaceuticals, CPG & Retail, Telecom, and Hypergrowth among other sectors.

Leveraging on the experience of successfully delivering over 100 implementations, their business consultants implement various business planning & tracking processes for clients, including financial planning, sales & operations planning, workforce planning, and IT projects & portfolio planning.

VISEO has a presence in five continents with more than 2,500 employees worldwide and applies technology as a powerful lever to help its clients transform and innovate.

As a strategic partner of Anaplan since 2014, VISEO has set up a team entirely dedicated to Anaplan implementation projects located both in Europe and Asia. VISEO supports over 50 major retail players on a daily basis in their digital transformation projects as well as their optimisation projects on a global scale.

“We are very pleased and honored to welcome Scanomi to the VISEO Group. We look forward to the positive changes and new opportunities this acquisition will bring as we extend our capabilities and accelerate our business trajectory. It reflects our strong business ambition in APJ and will consolidate our partnership with Anaplan." says Olivier Dhonte, Chairman of the VISEO Group in a statement.

Scanomi Managing Director Umesh Biyani adds: “We are delighted to join forces with VISEO to drive the Connected Planning vision. Scanomi's deep expertise in Anaplan accompanied by VISEO’s business and digital transformation expertise will dovetail the adoption of Connected Planning solutions for Scanomi’s andVISEO’s customers.”

For more information, visit www.viseo.com.

-- BERNAMA

GLOBAL ASSET-TRACKING SPEND INCREASES TO US$45 BILLION IN 2027 - JUNIPER RESEARCH

KUALA LUMPUR, June 27 (Bernama) -- A new study from Juniper Research has found that global spend on asset tracking by enterprises will increase from US$16 billion in 2022 to US$45 billion in 2027 – a substantial growth of 184 per cent. (US$1 = RM4.399)

According to a statement, the management and security of high-value assets are becoming of increasingly significant importance for many stakeholders, and demand for technologies that provide real‑time monitoring within the supply chain are ever more demanded.

Asset tracking in this context refers to systems that leverage wireless connectivity to remotely monitor asset locations, based on real-time data with the aim of better managing asset condition.

The research predicts that the growing availability and affordability of asset-tracking solutions will drive adoption of managed services amongst the largest enterprises that operate their own supply chains for high-value assets. 

It envisages that the most sought-after solutions will be those which can demonstrate a return on investment by minimising theft and loss of assets during transit.

The report forecasts that the number of assets tracked will reach 24 billion by 2027; increasing from only eight billion in 2022. It urges asset-tracking platform providers to include real-time monitoring solutions that can leverage multiple technologies, including 4G, 5G and GPS. 

The report predicts that this increasing reliance on 5G will present significant opportunities for hardware vendors over the next five years. It anticipates that the growing demand for ‘always connected’ supply chain solutions will drive the interest in 5G-enabled asset-tracking hardware.

In turn, supply chain hardware vendors must focus development on sensors that leverage the data-intensive nature of 5G to provide features such as real-time anti-tampering notifications.

-- BERNAMA

Safe Security develops research model predicting industry's breach probability in 12 months

KUALA LUMPUR, June 28 (Bernama) -- Safe Security, a global leader in cybersecurity risk quantification and management, has released new findings to empower CISOs, risk teams, C-Suites, and board members to design and implement an ROI-driven enterprise cyber risk management plan.

In order to truly manage cyber risk, organisations should answer two questions: What is the probability of an attack happening? and, If an attack happens, what is the potential financial loss for the company?

To help organisations answer those questions based on industry data, Safe Security developed a research model that can predict the probability of a breach for any industry over the next 12 months.

Among others, the probability of a healthcare company falling victim to a successful cyber attack is 25 per cent and 20 per cent for a financial services company; industries like manufacturing and retail face less than 15 per cent probability of a successful cyber attack; and, in a ransomware attack, the cost of the ransom itself makes up only 10 per cent of the total financial impact the attack would have against an organisation.

Leveraging this research, Safe Security developed their CRQ Calculator, a free benchmarking tool providing outputs about the cyber health and potential financial risks of a specific industry. These outputs can be tuned specifically to a company based on its internal signals.

“As humans, we love predicting the future. Everything from which team will win tomorrow’s game, to the probability of rain next week.

“The Safe Security team feels just as passionate about helping organisations understand their cybersecurity risk through probability models,” said Saket Modi, co-founder and CEO of Safe Security in a statement.

“Like financial risk, cyber risk needs to be managed in real-time based on data coming from internal and external environments. CISOs can use the Safe CRQ Calculator to gain a quantified baseline to draft their cyber risk management plan over the next 12 months.”

For more information, visit https://www.safe.security/.

-- BERNAMA

MonetaGo Appoints Ben Arber US, Canada managing director

MonetaGo hires Ben Arber to derisk trade finance in the US and Canada (Photo: Business Wire)

KUALA LUMPUR, June 28 (Bernama) -- Financial technology solutions provider MonetaGo has appointed Ben Arber to the newly created role of managing director, US and Canada, effective immediately.

Based in New York, Arber will lead MonetaGo’s US and Canadian operations, bringing together North American and global financial institutions to drive adoption of the company’s universal, standardised deduplication utility, which combats financial fraud in trade finance.

Arber brings with him a wealth of trade finance, payments and commercial banking experience in North America, Asia and the Middle East.

His experience includes 24 years at HSBC in various international roles, including as head of their Canada global trade and receivables finance business which tripled in size under his leadership, and most recently as head of financial crime compliance for US commercial banking and global trade and receivables finance.

“Over the course of my career, I’ve engaged with regulators, policymakers and industry leaders on the opportunities and challenges in managing fraud and crime risk and seen first-hand how use of technology can make a difference,” says Arber in a statement.

“MonetaGo has developed a unique global solution to a pervasive problem, and I’m excited about driving its implementation in the US and Canadian markets. If we can stamp out the bad actors, we have the chance to make trade finance work better for everyone, and I’m looking forward to getting started.”

MonetaGo CEO and co-founder Jesse Chenard adds: “The current economic and geopolitical volatility is placing a squeeze on businesses. As they compete around the world, they need the right support to win global sales.

“Proven in production in its fifth year, MonetaGo’s Secure Financing system has already helped to unlock trade finance for companies both large and small. We’re thrilled to have a banking compliance veteran like Ben on board and look forward to tapping on his expertise in transforming, growing and de-risking the North American trade finance market.”

-- BERNAMA

AM Best revises Japan life insurance market segment outlook to stable

KUALA LUMPUR, June 24 (Bernama) -- Global credit rating agency, AM Best has revised its outlook on Japan’s life insurance market segment to stable from negative, as overall business conditions for the life insurers have improved compared to earlier stages of the COVID-19 pandemic, according to a new AM Best report.

“Prospective sales of foreign currency-denominated products are likely to increase in tandem with foreign interest rate increases in the coming quarters,” said Jason Shum, associate director, analytics, AM Best in a statement.

“Additionally, continued hikes in global interest rates will bode well for life insurance companies in Japan as the prospective investment climate should benefit insurers’ ability to manage risk-adjusted returns and re-investment risk, albeit with generally higher hedging costs.”

In a new Best’s Market Segment Report titled, ‘Market Segment Outlook: Japan Life Insurance’, AM Best notes that most Japanese life insurance companies maintain very strong capital positions, and are likely to be able to withstand the potential impacts on capital changes that may result from global financial market volatility.

Several long-term and persistent challenges remain, including aging demographics and a shrinking working population, stagnant wages and evolving consumer needs.

However, United States-headquartered AM Best expects insurers’ operating performances in the near term to benefit from some tailwind factors, such as the positive momentum in top line recovery and the possibility of further foreign interest rate increases, as well as a bottoming out of domestic interest rates.

Most life insurers in Japan rely heavily on face-to-face sales distribution; thus, the outbreak of COVID-19 adversely affected life insurance sales given social distancing measures and restrictions on face-to-face sales activities.

Although the sales performances of most life companies have yet to recover to pre-pandemic levels, AM Best views the situation has likely to continue improving, aided by an acceleration of digital transformation and new product launches.

For more information, visit www.ambest.com.

-- BERNAMA

Pacific Prime opens ‘Scholarship Program 2022’ for Asia Pacific students

KUALA LUMPUR, June 22 (Bernama) -- Global health insurance brokerage Pacific Prime has opened its ‘Scholarship Program 2022’, catering to high school and undergraduate students of any age and nationality currently enrolled in or accepted into either a full-time or part-time programme in an educational institute in the Asia Pacific region.

Back for its latest edition, the essay-based scholarship programme awards one exceptional student a bursary of US$1,000 to offset the costs associated with receiving an education. (US$1 = RM4.397)

Neil Raymond, Founder and CEO of Pacific Prime in a statement said: “Pacific Prime’s scholarship programme is a key pillar of our CSR initiatives because we believe that education is a right, not a privilege.

Our essay based scholarship this year not only offers one deserving student financial help, but also encourages students to understand the importance of good mental health.

“As COVID-19-related school closures and online learning over the past two years must have taken a toll on students’ wellbeing, prioritising mental health will be the way forward for them.”

Applicants must submit an original essay between 600 and 1,000 words on the topic of ‘The importance of good mental health in academia’ by Sept 30, 2022.

The essay can be written in either British or American English, and the winning entry will be published on Pacific Prime’s website. Applicants should note that plagiarism will not be tolerated and will result in the entry being rejected.

The scholarship recipient will be announced on Nov 1, 2022.

More details at https://www.pacificprime.com/corporate.

-- BERNAMA

CLOUDFLARE EXPANDS ITS ZERO TRUST PLATFORM TO BECOME THE ONLY CLOUD-NATIVE PROVIDER WITH NETWORK SCALE

Continued innovation to secure all aspects of a company’s applications, devices, and networks drove 100% year over year customer growth and 6X growth in daily traffic

SAN FRANCISCO, June 21 (Bernama-BUSINESS WIRE) -- Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced several new capabilities for Cloudflare One, its Zero Trust SASE platform, making it the only cloud-native Zero Trust solution with global network scale. New features for Cloudflare One include sophisticated email security protection, data loss prevention tools, cloud access security broker (CASB), and private network discovery. Now, any organization can use Cloudflare One for a comprehensive and deeply-integrated Zero Trust security and networking solution to protect and accelerate the performance of devices, applications, and entire networks to keep workforces secure and productive.

"When I sit with customers, they share that one of the most daunting aspects of Zero Trust security is simply where to begin. Making matters worse, every vendor has a different definition for Zero Trust, turning a critical approach to security into a misunderstood and overused term," said Matthew Prince, co-founder and CEO of Cloudflare. “We believe Zero Trust must extend to the entire network, all the way from email to data centers, and accelerate user and endpoint connections, not slow people down. And we want to give every customer a step-by-step guide for what they can do today, this week, and this month to make themselves more secure regardless of what vendor they use."

Today, employees are highly mobile and critical applications have moved to the cloud – no longer residing inside an office protected by a secure perimeter. This fundamental shift in where and how people work has caused enterprises to rethink legacy tools like VPNs and hardware boxes and abandon the traditional castle-and-moat approach to security, looking towards Zero Trust. Cloudflare One unifies network security as-a-service built natively into one of the world’s largest networks, providing fast, reliable global connectivity; cloud-based security; and better visibility and control through a common dashboard and API. With Cloudflare’s Zero Trust platform organizations can easily secure their applications and employees against the modern threat landscape without the complex integration costs or disrupting employee productivity like many legacy systems. 

http://mrem.bernama.com/viewsm.php?idm=43460

Corpay Cross-Border is FINA's Official Foreign Exchange Payments Supplier

KUALA LUMPUR, June 23 (Bernama) -- The Fédération Internationale de Natation (FINA) and Corpay, a FLEETCOR® brand and global leader in business payments, have announced a multi-year collaboration that will see Corpay Cross-Border group provide their foreign exchange (FX) solutions to FINA.

This new deal was announced on the occasion of the 19th FINA World Championships Budapest 2022, which is playing host to the leading aquatics athletes from across the globe.

FINA and the wider FINA Family will gain access to Corpay’s innovative foreign exchange solutions to help manage currency exposure for international payments.

In addition, Corpay Cross-Border’s award-winning trading platform will enable FINA to manage global foreign exchange payments from one single point of access.

As the global governing body of six aquatic disciplines – Swimming, Water Polo, Diving, High Diving, Artistic Swimming and Open Water Swimming – FINA’s collaboration with Corpay Cross-Border will create valuable opportunities for the global aquatic’s community, event hosts and FINA partners providing international payments and foreign exchange solutions and capabilities.

In a statement, Corpay Cross-Border President, Mark Frey said: “Corpay Cross-Border is very honoured to join the FINA family as their Official FX Payments Supplier. I am confident that FINA and the broader FINA Family will benefit from access to our comprehensive cross-border payments and FX risk management solutions, along with our payments experience gained within the world of sports.”

Expressing confidence in the Corpay partnership, FINA President Captain Husain Al-Musallam said: “With more than 70 international events annually, this collaboration is certain to help drive financial efficiencies with the multiple foreign currency transactions we undertake with our event hosts, member federations and partners on an annual basis.”

Corpay is a global leader in business payments, helping companies of all sizes better track, manage and pay their expenses.

For more information, visit www.corpay.com.

-- BERNAMA

APPLYBOARD AND IRELAND JOIN FORCES TO EDUCATE THE WORLD

 The global education technology platform launches in Ireland to deliver innovation within the international education sector


Kitchener, Ontario, Canada, June 23 (Bernama-GLOBE NEWSWIRE) -- Today, ApplyBoard, the global technology platform powering an education revolution, is thrilled to announce Ireland as its latest study abroad destination. This is the fifth study abroad destination that ApplyBoard has expanded to as part of its ongoing mission to educate the world. 

ApplyBoard is excited for this opportunity to help Ireland grow and reach its international education goals. To date, five higher education institutions in Ireland have partnered with ApplyBoard: Trinity College Dublin, University College Dublin, Maynooth University, University College Cork, and the University of Limerick. ApplyBoard looks forward to building more momentum within Ireland’s international education sector.

“With a highly-regarded education system, rich history, and innovative culture, Ireland has so much to offer international students,” says Martin Basiri, CEO and Co-Founder of ApplyBoard. “Building this strong relationship with Ireland signifies an important step in expanding new opportunities for future students, supporting the long-standing legacy for excellence in the Irish education sector, and continuing to break down barriers to education for countless students around the world.” 

Now, students and recruitment partners can look forward to having access to Ireland’s higher education institutions on the ApplyBoard Platform. 

“ApplyBoard is incredibly well placed to partner with University College Dublin (UCD), to promote Ireland, to connect with international students who are looking for an educational experience that sets them apart and provides them with a competitive advantage,” says Una Watkins, Director International Student Recruitment, UCD. “Sharing our values in putting students first and supporting the success of all students, we very much look forward to working alongside ApplyBoard as they empower people around the world to study abroad and access the very best education.”

“Ireland is becoming an increasingly popular study destination for international students as the world-class standard of our education is matched by the post-study work opportunities available in Ireland,” says Giles O'Neill, Head of Education in Ireland. “ApplyBoard puts the student at the heart of what they do and keeps them there — this is a mission that we share and something that I am sure we can build on together into the future.”

ApplyBoard recognizes the need to continue to scale and expand its diversity of tech offerings to propel the international education sector forward. Most recently, ApplyBoard announced the acquisition of TrainHub, an education industry training ecosystem, to help strengthen international student recruitment. ApplyBoard also launched the ApplyBoard Insights Dashboard, a SaaS tool that leverages the latest study abroad data to help higher education institutions make important choices in international student recruiting. 

To learn more about ApplyBoard growing in Ireland, visit here: www.applyboard.com/resources/ireland-resources  

About ApplyBoard

ApplyBoard empowers students around the world to access the best education by simplifying the study abroad search, application, and acceptance process to more than 1,500 institutions across Canada, the United States, the United Kingdom, Australia, and Ireland. ApplyBoard, headquartered in Kitchener, Ontario, Canada, has helped more than 300,000 students from more than 125 countries along their educational journeys since 2015. To learn more, visit: www.applyboard.com

- 30 -


Alessandra Manieri
ApplyBoard
226 220 9826
alessandra.manieri@applyboard.com 

SOURCE : ApplyBoard

INNIO PUBLISHES SUSTAINABILITY REPORT FOR 2021, SETTING AMBITIOUS TARGETS ON THE PATH TO NET ZERO

 

^{2021 Sustainability Report 'Together Towards Zero' outlines INNIO's ESG targets, frameworks, and 2021 performance, which was recognized with best-in-class ratings from Sustainalytics and EcoVadis earlier this year. (Graphic: Business Wire)}

 

• INNIO’s ESG strategy focuses on Low Carbon and Circular Products, Resilient Supply Chain and Manufacturing, and Responsible Operations
• INNIO receives best-in-class sustainability ratings from Sustainalytics and EcoVadis
• INNIO joins the UN Race to Zero and Science Based Targets, extending collaboration with pre-eminent global climate and ESG initiatives as well as industry partnerships

JENBACH, Austria, June 23 (Bernama-BUSINESS WIRE) -- INNIO, a leading energy solution and service provider, has published its Sustainability Report for 2021 Together Towards Zero, which defines the company’s performance in meeting environmental, social, and governance (ESG) goals. While INNIO is currently empowering industries and communities to transition to net zero, this report – prepared in accordance with GRI and SASB standards – formally communicates on progress and sustainability-related performance providing, transparency about how INNIO is contributing to a green tomorrow.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220622006063/en/

 

Earlier this year, Sustainalytics ranked INNIO number one out more than 500 companies, meaning it has the lowest risk within the machinery industry assessed (Rating of 11 “Low risk level”). In addition, INNIO received the Gold Medal from EcoVadis, placing its Jenbacher business in the top 1% of industry peers. Last year, INNIO became signatory of the Science Based Targets initiative and the United Nations ‘Race to Zero’ campaign, that brings together global leadership for a healthy, resilient, and zero-carbon future.

In accordance with global frameworks and commitments, INNIO set out ambitious sustainability targets in three strategic focus areas where it sees the most material impacts and opportunities for improvement: Low Carbon and Circular Products, Resilient Supply Chain and Manufacturing, and Responsible Operations and Social Responsibility.

Selected key ambitions in these areas include:

• Since 2022, INNIO offers all new engines with a “Ready for H2” option. These models can operate with up to 20% vol. hydrogen¹, and can be retrofitted to 100% H2 operation in the future. All Type 4 series engines are offered for 100% H2 operations. As of 2025 and beyond, the entire Jenbacher product line is expected to be rolled out with 100% hydrogen operation.
• Suppliers covering 80% of direct and indirect spend must commit to net zero by 2050.
• 50% reduction in Scope 1 and Scope 2 GHG emissions in supply chain and manufacturing (vs. the 2020 base) will be fully implemented by 2030.
• By 2025, identified diversity groups will increase by 25% across functions compared to the 2020 baseline. Diverse people leadership will be developed further by 2030².

Dr. Olaf Berlien, chief executive officer at INNIO, states:

“I’m incredibly proud of the steps we have taken to implement our ESG strategy. The outstanding recognition we have received for our achievements with leading ESG ratings shows that we are on the right track on our path to net zero.”

Marcin Kawa, vice president Sustainability at INNIO, states:

“INNIO’s 2021 Sustainability Report summarizes a year filled with sustainability and ESG initiatives, collaboration, and progress. “This report is the next milestone in our journey as we move ‘Together Towards Zero.’ I’m happy to be part of a team that is so passionate about making a difference while building transparency and trust among our stakeholders worldwide.”

* Rating took place in February 2022

About INNIO’s 2021 Sustainability Report

INNIO’s 2021 Sustainability Report is a non-financial disclosure published annually. This 2021 disclosure was prepared in accordance with the standards of the Global Reporting Initiative (GRI) core option and the Sustainability Accounting Standards Board (SASB). It also includes an initial analysis in line with the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations Framework. The report also serves as Communication on Progress (COP) for the UN Global Compact (UNGC). Through non-financial reporting, INNIO describes its management and performance of environmental, social, and governance (ESG) issues. INNIO’s disclosures focus on the topics that have been deemed most material to the business based on a materiality assessment. INNIO’s alignment with the United Nations Sustainable Development Goals (UN SDGs) is based on the GRI and the UNGC’s Business Reporting on the UN SDGs. This Sustainability Report has been externally assured. The data presented in the report is consolidated at Group level and covers 100% of business operations and 90% of global locations. This boundary applies to all material topics, unless clearly indicated otherwise. All the health, safety, and environmental data, including greenhouse gas (GHG) data for Scope 1, Scope 2, and Scope 3, cover the INNIO Group using the financial control approach.

For more information, access INNIO’s Sustainability Report 2021 here.

About INNIO

INNIO is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With our product brands Jenbacher and Waukesha and our digital platform myPlant, INNIO offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. We are individual in scope, but global in scale. With our flexible, scalable, and resilient energy solutions and services, we are enabling our customers to manage the energy transition along the energy value chain wherever they are in their transition journey.

INNIO is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than 3,500 experts provides life-cycle support to the more than 54,000 delivered engines globally through a service network in more than 80 countries.

INNIO’s ESG Risk Rating places it number one of more than 500 worldwide companies in the Machinery industry assessed by Sustainalytics.

For more information, visit INNIO’s website at www.innio.com. Follow INNIO on Twitter and LinkedIn.

¹ Defined in accounting protocol as either sold with the capacity to run on 100% hydrogen or that can be upgraded at a reasonable cost
² We will focus on distinct employee groups and diversity dimensions (age, gender, nationality, and minorities) when implementing diversity initiatives. For more information, please visit page 78 in our report.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20220622006063/en/

Contact

Susanne Reichelt
INNIO Media Relations
+43 664 80833 2382
susanne.reichelt@innio.com

Source : INNIO

Proficio licensed to Provide managed SOC Monitoring Services in Singapore

KUALA LUMPUR, June 23 (Bernama) -- Proficio, a leading Managed Detection and Response (MDR) service provider, announced it has been licensed by the Cyber Security Agency (CSA) of Singapore to provide Managed Security Operations Centre (SOC) Monitoring Services.

“Singapore organisations are faced with increasing cyber risk from ransomware groups, cybercriminals, and nation-state actors,” said Proficio’s Managing Director for APAC, Alex Tok in a statement.

“Proficio’s approach to managed detection and response combines advanced threat analytics with human-led threat hunting and investigations to identify indicators of attack or compromise on a 24/7 basis.

“We applaud the direction the Cyber Security Agency (CSA) of Singapore is taking in raising the expectations of Managed SOC Service providers and are pleased to be one of the first to receive this licence.”

Conferred by the 2018 Cybersecurity Act, the new licensing framework is required to operate in Singapore and aims to better safeguard consumers’ interests and improve service providers’ standards.

First established in 2014, Proficio’s Singapore SOC has continuously grown in size and maturity to become one of the largest SOCs in Singapore. Today, Proficio has earned a reputation for excellence by providing Managed SOC Services to some of the best known and most demanding Singapore enterprises and industries.

In addition to Managed SOC Services, Proficio is the first MDR service provider to automate containment of threats at the endpoint, perimeter, cloud, and identity layers.

More details at https://www.proficio.com/

-- BERNAMA

Napier declares multi-org deployment capability for regulated firms

KUALA LUMPUR, June 22 (Bernama) -- Napier, provider of leading anti-financial crime compliance solutions, has announced a multi-org deployment capability for regulated firms looking to streamline and scale their financial crime risk management technology across multiple business entities.

Napier’s multi-organisation (multi-org) capability is a versatile approach to RegTech cloud deployment that offers firms the opportunity to deploy its technology across multiple geographies and business units in a single tenancy environment, while segregating and configuring the solution to best fit each business unit’s requirements.

The multi-org approach closes the last technical gap between optimal performance and the benefits of a single tenancy environment, enabling distinct risk management controls within each of a firm’s segregated business units which are aligned to their rigorous information security requirements and regulatory commitments.

The provision builds upon system security as a priority, removing technological and operational risk by giving organisations full control to designate permissions, access data, and manage workflows within its business units.

This offers organisations a considerable reduction in total cost of ownership, as the capability allows firms to scale the deployment of Napier’s financial crime risk management technology with a more efficient approach, removing the requirement to implement a new single tenancy for each business unit.

In a statement, Napier founder and CEO, Julian Dixon said: “We know the very real struggles that firms of all sizes are up against when it comes to balancing business and revenue objectives with meeting regulatory requirements.

“That’s why enabling them to scale capabilities across their depth and breadth without having to implement a new single tenancy for each business unit offers considerable reduction in total cost of ownership.”

Napier’s latest innovation is beneficial to all regulated financial institutions who need certainty, clarity, and efficiency for financial crime risk management across multiple business entities and want to simultaneously reap the savings and security benefits of a single tenancy environment.

-- BERNAMA

Toshiba-Farnell link bolsters supply chain for extended range of new, innovative products

KUALA LUMPUR, June 15 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has announced Toshiba Electronics Europe GmbH, its European sales and marketing subsidiary, extends their relationship with Farnell.

Farnell is a global distributor of electronic components, products and solutions who trade as Farnell in Europe, Newark in North America and element14 throughout Asia Pacific. 

As a result of this agreement, Farnell will stock more Toshiba products in greater quantities, increasing their support of Toshiba’s customer supply chain.

“In these times of global shortage it is important to strengthen our support to meet the product availability and support needs of the engineering community who continue to design, qualify, upgrade and repair with the latest components.

“We are particularly pleased to see some of our more innovative products become available via Farnell,” said Ian Wilson, Senior Manager - Distribution Sales - at Toshiba Electronics Europe GmbH in a statement.

Meanwhile, Simon Meadmore, Vice President of Product and Supplier Management at Farnell said: “Our customers can now enjoy enhanced availability of Toshiba products coupled with fast access to new-to-market technologies.

“The new agreement strengthens the overall relationship between Toshiba, Farnell and the Avnet Group. We are committed to regularly launching new devices to enhance our existing portfolio from Toshiba.”

The new arrangement results from a desire by both companies to reflect Toshiba’s market-leading solutions for a wide range of markets/applications including automotive, industrial, Internet of Things (IoT), motion control, telecoms, networking, consumer and white goods applications.

Farnell’s portfolio will now expand to include more of Toshiba’s most innovative devices, encompassing some 800 products by year end and increasing further to 1,000 items during 2023. 

In common with Toshiba’s desire to provide excellent technical support to their engineering customer base, Farnell offers free access to multiple technical online resources, datasheets, application notes, videos, webinars and 24/5 technical support.

More details at https://toshiba.semicon-storage.com/ap-en/top.html.

-- BERNAMA

Mediaocean officially joins TikTok Marketing Partner Program

KUALA LUMPUR, June 17 (Bernama) -- Mediaocean, the mission-critical platform for omnichannel advertising, has announced officially joining the TikTok Marketing Partner Program as a badged partner.

“This expansion puts us one step ahead of other platforms that are just beginning to leverage tools and services to scale with TikTok advertising,” said President of Mediaocean, John Nardone.

“Mediaocean clients have enjoyed strong outcomes by leveraging the capabilities we first introduced last year, and we are excited to offer an even greater depth of support to execute self-service ad campaigns on TikTok alongside other platforms.”

Meanwhile, Melissa Yang, Head of Ecosystem Partnerships, TikTok said: “We're thrilled to collaborate with some of the most strategic and trusted leaders in the advertising industry and continue giving marketers access to more tools to successfully create, measure and optimise ad campaigns on TikTok.”

According to a statement, Mediaocean first announced its partnership with TikTok in September last year and now offers self-service functionality to create, manage, and optimise ad campaigns on TikTok.

With the latest product release, Mediaocean Social Ads (Scope) clients can now automate the delivery of reporting and manage ad campaigns across TikTok.

The addition of TikTok provides clients with industry-leading tools to manage Facebook, Instagram, TikTok, Snapchat, Twitter, LinkedIn and Pinterest through a common interface.

Brands and agencies can accelerate their campaigns with even more intuitive workflows and automation, adding an advanced level of control to maximise paid social efficiency.

Advertisers can discover, activate, and scale first-party audiences using Scope’s full audience suite of capabilities while incorporating source-of-truth measurement data to uncover and accelerate true business outcomes.

More details at www.mediaocean.com.

-- BERNAMA

MCKINSEY & COMPANY: METAVERSE COULD GROW UP TO US$5 TRILLION IN VALUE BY 2030

KUALA LUMPUR, June 16 (Bernama) -- McKinsey & Company, a global management consulting firm has released its new report ‘Value creation in the metaverse’, showing the metaverse may be too big to ignore.

McKinsey’s preliminary forecast shows the metaverse has the potential to grow up to US$5 trillion in value by 2030. It shows e-commerce as the largest economic force (US$2.6 trillion), ahead of sectors such as virtual learning (US$270 billion), advertising (US$206 billion), and gaming (US$125 billion). (US$1 = RM4.397)

As companies of all different shapes and sizes look to enter the metaverse, this extensive report provides a clear view of what the metaverse is and is not, what first movers are doing, what’s fuelling the investment, and the potential for consumer and B2B companies.

“The metaverse represents a strategic inflection point for companies, and it presents a significant opportunity to influence the way we live, connect, learn, innovate, and collaborate,” said Eric Hazan, senior partner, McKinsey & Company in a statement.

“Our ambition is to help leaders of both consumer and B2B companies better understand its power and potential, identify strategic imperatives, and act as a force for its evolution.”

Already this year, companies, venture capital, and private equity firms have invested more than US$120 billion in the metaverse—more than double the US$57 billion invested in all of last year.

Multiple factors are driving this investor enthusiasm including ongoing technological advances across the infrastructure required to power the metaverse; demographic tailwinds; and, increasingly consumer-led brand marketing and engagement.

Consumers are already there. McKinsey’s research shows consumers are excited about transitioning life into the metaverse, with almost six in 10 (59 per cent) consumers preferring at least one metaverse experience over its physical alternative.

In addition, business leaders see the metaverse’s potential to drive impact and margin growth. Ninety-five per cent of leaders say they expect the metaverse to have a positive impact on their industry within five to 10 years, with 31 per cent saying the metaverse will fundamentally change the way their industry operates. 

The report builds on multiple proprietary insights and analysis, including a survey of more than 3,400 consumers and executives on adoption of the metaverse, its potential, and its likely impact on behaviour. The researchers also interviewed metaverse builders and industry experts.

-- BERNAMA

Infant Formula Producers Facing Crisis Can Rely on Southern California ProTab Labs for Safe Rapid Large-Scale Production of Premixes and Packaging Solutions

Foothill Ranch, Calif., June 17, 2022 (GLOBE NEWSWIRE) -- To tackle the infant formula crisis, producers can rely on Southern California supplement solutions contract manufacturer ProTab Laboratories to blend custom premixes and produce and package infant formula with a rapid turnaround time.

“ProTab is in the perfect position as a supplement solution manufacturer and packager to prioritize infant formula production with safety and scale to help replenish the supply in the market,” said Joanne Hsu, vice president of operations. “We are ready to produce safe, high-quality premixes with careful processing and top-quality standards at our facility for reassuring parents and babies that they will have access to quality and safe infant formula.”

Safety continues to be at the forefront of the crisis. ProTab has the capabilities of in-house analytical laboratory services for quality control validation, including analytical capabilities. The company is FDA registered with cGMP, FSMA, and FSSC 22000 certified by NSF.

“ProTab can rapidly turn around the production of powder and premix for liquid infant formula at a large scale to bolster the supply of products with proper FDA-inspected nutritional values and safety,” said Hsu. “Our certifications are the gold standard of safety for reassuring our manufacture of food and supplement solutions, including infant formula premix solutions.”

“As a GFSI certified producer and packager of supplement solutions, ProTab elevates food safety to the next level with our state-of-the-art facility, coupled with our quality control procedures and testing,” said Fariba Samadi, director of quality assurance and regulatory affairs. “Following stringent quality assurance and safety processes, we evaluate the quality of raw materials before manufacturing as well as the finished goods.”

Infant formula producers can leverage ProTab’s modern technology for precision blending needed for producing infant formula. Microencapsulation is offered to mask the undesirable characteristics of particular additives and formula ingredients. The technology is part of ProTab’s recent multimillion-dollar expansion to increase the footprint for blending and mixing premix solutions.

ProTab can also help secure the best materials and ingredients if needed; the company keeps up with the newest production and delivery technologies and the latest regulatory requirements and considers modern formulation and consumer trends.

For specific needs in labeling and standards, ProTab Labs can manufacture products to the specification of USDA Organic, Non-GMO Project Verified, Halal, and Kosher. The company is registered with Health Canada as a foreign manufacturer site.

“We encourage infant formula manufacturers and brand holders to bring their formulas and packaging schematics to work with us,” said Hsu. “We are confident in helping everyone get through the bottleneck together and positioning ProTab as a long-term infant formula production partner,” said Hsu.

###

About ProTab Laboratories
ProTab Laboratories is a custom research contract manufacturer operating a state-of-the-art facility in Southern California for providing rapid turnaround services for tablet, capsule, and powder form products, along with high-capacity mixing processes for nutritional and dietary supplements, tableting, microencapsulation, granulation, and milling. ProTab can guide brands through the product development and technical process from inception to the final product.

Contact us at info@protablabs.com.

For brands that would like to strengthen their vendor diversity profile, ProTab is also a certified Women-Owned Business Enterprise.

Certifications
ProTab's manufacturing operation is fully compliant with all current Good Manufacturing Practices (cGMP) established within the industry and meets or exceeds all quality standards for Nutritional Supplements. The company has established Standard Operating Procedures (SOP) to ensure that this standard is met in all manufacturing process phases. Our quality control standards are compliant with Kosher, Halal, Health Canada, USDA Organic, State of California Department of Public Health, NSF, and Non-GMO Project Verified.

Attachments
ProTab Labs responds to infant formula crisis
ProTab Labs prioritizes infant formula production solutions




Ana Arakelian, Head of Public Relations and Communications

ProTab Laboratories

949.635.1930

pr@protablabs.com


Source: ProTab Laboratories

1st year operation: Minna Bank digital banking service draws over 400,000 accounts

image of Minna Bank app (Graphic: Business Wire)

KUALA LUMPUR, June 16 (Bernama) -- Minna Bank Ltd, Japan's first digital bank, has recorded over one million downloads of its mobile banking app and more than 400,000 accounts have been opened in its first year of commercial operations since May 28, last year.

“The impact we’ve been able to make on the Japanese banking industry has been unprecedented. Based on the success during our first year of operations, we will continue to push the boundaries of traditional banking services,” said Minna Bank Ltd President Kenichi Nagayoshi.

With the world’s first full cloud core banking system, Minna Bank has positioned itself as a leader in digital banking and continues to redefine banking services in Japan, according to a statement.

Minna Bank has successfully grasped the Millennial and Generation Z market via its 24/7 service, casual design, and frictionless user experience, resulting in 70 per cent of its customers representing the 15 to 39 years old age group, a segment traditionally underserved by financial services institutions.

Driven by its mission to ‘Deliver valuable connections to everyone’, Minna Bank, a wholly owned subsidiary of Fukuoka Financial Group, executed initiatives focusing on connection and community.

Among others, Minna Bank has connected with its fanbase by expressing its brand and vision for next generation financial services by leveraging social networks, both through advertising as well as organically.

It has also fostered deeper connections between athletes — including a professional swimming team with Olympic medalist swimmers and eSports teams — and their fans with innovative financial services offerings. 

Minna Bank also partnered with various industry communities by creating dedicated branches through which customers could receive benefits tailored to their specific community.

These innovations spanning financial services, technology, and design earned Minna Bank 11 awards including the Red Dot Award Brand of the Year, a first for a financial services institution.

Minna Bank will offer an innovative personal loan service this summer. It will also make a strong push in embedded finance this fiscal year, and is already in negotiations with 160 potential partners. 

-- BERNAMA

CRYOGENIC INDUSTRIES: ANKUR ARORA NAMED PRODUCT & BUSINESS DEVELOPMENT MANAGER

KUALA LUMPUR, June 14 (Bernama) --  Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (Group), a part of the Nikkiso Co Ltd (Japan) group of companies, announced that Ankur Arora has been named Product & Business Development Manager for Nikkiso Cryogenic Services serving Southeast Asia, New Zealand and Africa.

He will be responsible for the launch, sales and solutions related to Waste Heat Recovery and Organic Rankine Cycle Power Generation, Pressure Letdown Power Recovery and more. 

Arora will report to Emile Bado, Executive Vice President, Marketing, and Dr Reza Agahi, Vice President of Turbo, according to a statement.

“Ankur’s industry and global market experience will be of great benefit to the Group, as we work to develop the opportunities in these regions,” said Bado.

Arora has broad global experience in over 30 countries and worked for nearly 20 years with Atlas Copco. 

His responsibilities included Business Development Manager and Global Sales & Marketing reporting to Germany, based in Auckland, New Zealand, Regional BDM & Application/Product Managers based in Shanghai. 

With this addition, Nikkiso continues their commitment to be both a global and local presence for their customers.

More details at www.nikkisoCEIG.com.

-- BERNAMA

Tessa Therapeutics: Scientific session at SDCT-REMEDIS Cell Therapy Conference 2022

KUALA LUMPUR, June 14 (Bernama) -- Tessa Therapeutics Ltd (Tessa), a clinical-stage cell therapy company, announced it will host a scientific session during the SDCT-REMEDIS Cell Therapy Conference 2022 being held virtually from June 23-24, 2022.

Tessa’s scientific session will focus on CD30 CAR-T targeting of CD30+ lymphomas and will feature a presentation from Dr Ivan Horak, Chief Medical Officer and Chief Scientific Officer of Tessa Therapeutics.

The discussion will be moderated by Dr Han Chong Toh, Deputy Medical Director, National Cancer Centre Singapore (NCCS), Associate Professor, Cancer & Stem Cell Biology Program and SingHealth-Duke Global Health Institute, Duke-NUS, and Head of Cancer Immunotherapy at the SingHealth Duke-NUS Cell Therapy Centre.

“We are very pleased to host a scientific session at the SDCT-REMEDIS Cell Therapy Conference 2022 as it provides an opportunity to educate researchers on opportunities to treat CD30-positive lymphomas via CAR-T and the unique approaches being advanced by Tessa,” said Dr Horak in a statement.

“We look forward to progressing clinical programmes investigating our autologous (TT11) and allogenic (TT11X) CAR-T technologies during 2022, with several development milestones expected throughout the year.”

Tessa is currently advancing two clinical programmes leveraging distinct CD30 CAR-T technologies for the treatment of CD30+ lymphomas.

Tessa’s lead clinical programme – TT11 – is an autologous CD30 targeting CAR-T therapy currently being investigated as a potential treatment for relapsed or refractory classical Hodgkin lymphoma.

Additionally, Tessa is developing an allogenic ‘off-the-shelf’ CD30-CAR EBVST cell therapy – TT11X – targeting relapsed or refractory CD30-positive lymphomas. Data demonstrating the safety and efficacy of both programmes was previously presented at the 2021 ASH Annual Meeting.

Tessa Therapeutics is a clinical-stage biotechnology company developing next-generation cell therapies for the treatment of hematological cancers and solid tumours.

More details at www.tessacell.com.

-- BERNAMA

Market Insights Thailand 2022: Wolters Kluwer experts target pressing regulatory issues

KUALA LUMPUR, June 15 (Bernama) -- Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) will showcase the regulatory acumen and perspectives of two of its top regulatory experts at the Market Insights Thailand 2022 conference on June 30 at the Renaissance Hotel, Ratchaprasong, Bangkok.

Jeroen Van Doorsselaere, Vice President of Global Product and Platform Management, Wolters Kluwer FRR, will be a featured speaker at this year’s event, which will focus on the Bank of Thailand’s (BOT) regulatory reform trifecta of issues: regulatory data transformation (RDT), asset liability management, and the Basel IV regulatory framework.

Van Doorsselaere will share insights from his experience in working with banks in Europe, the Middle East, and Africa regions, such as their efforts in keeping current with the evolving AnaCredit regulation.

Meanwhile, Subbaiyan Vaithinathan, Director, Regulatory Reporting and AML, Wolters Kluwer FRR-APAC, will serve as a moderator for the panel discussion on the changing regulatory data landscape.

Other panelists will be Wanpracha Chaovalitwongse, Senior Director of the Data Management and Analytics Department, Bank of Thailand, and David R. Hardoon, Senior Advisor for Data and Artificial Intelligence at Union Bank of the Philippines, Managing Director at Aboitiz Data Innovation.

Both experts will share their perspectives on topics such as the future of compliance on industry standards, commentary on projects similar to RDT they have observed across the Asia Pacific region, and insights that BOT aims to get from the collection of granular data.

According to a statement, admission to the event is complimentary, but as seating is limited, prior registration is required.

Wolters Kluwer FRR, which is part of the company’s Governance, Risk & Compliance (GRC) division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.

These solutions support regulated financial institutions in meeting their obligations to external regulators and their own boards of directors.

Wolters Kluwer’s GRC division provides an array of expert solutions to help financial institutions manage regulatory and risk obligations.

-- BERNAMA