SHAH ALAM, April 29 (Bernama) -- The Selangor State Development Corporation (PKNS) is committed to produce a generation of young entrepreneurs through the Tunas Niaga (Protune) programme and Entrepreneurial Pilot programme that have been carried out since 1998. PKNS chief executive officer Noraida Mohd Yusof said the programme to make entrepreneurship as a culture among primary and secondary school students was provided by PKNS under the supervision of the Entrepreneur Development Division. "Such programmes aims to provide exposure on the actual business environment and opportunities to students to gain experience in directly interacting and communicating with the buyers," he told reporters after officiating the Protune and PPU sales promotion programme here today. The four-day programme, which began on Thursday until tomorrow, is organised by KNS jointly with the Selangor Education Department. It is attended by 192 students from 50 primary and secondary schools throughout Selangor. Noraida said since its inception until last year, 20,650 students and 1,652 counselling teachers had taken part in the Protune programme. "For the PPU programme, introduced since 2007, 120 students have participated in it, among others, involves the sale of products in schools, PPU camp and sales promotion undertaken to nurture an interest in entrepreneurship among primary school students. Noraida added PKNS also provided entrepreneurship programmes for various ages such as those that catered to graduates and contractors. -- BERNAMA
Saturday 29 April 2017
PKNS COMMITTED TO PRODUCE YOUNG ENTREPENEURS
Friday 28 April 2017
A.M. BEST AFFIRMS CREDIT RATINGS OF NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES
SINGAPORE, April 28 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of National Reinsurance Corporation of the Philippines (NRCP) (Philippines). The outlook of these Credit Ratings (ratings) remains negative.
The ratings reflect NRCP’s strong risk-adjusted capitalization and low net underwriting leverage.
NRCP’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is supported by its low underwriting leverage. NRCP has low premium retention and cedes a significant portion of risk to a panel of highly rated retrocessionaires.
http://mrem.bernama.com/viewsm.php?idm=29000
The ratings reflect NRCP’s strong risk-adjusted capitalization and low net underwriting leverage.
NRCP’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is supported by its low underwriting leverage. NRCP has low premium retention and cedes a significant portion of risk to a panel of highly rated retrocessionaires.
http://mrem.bernama.com/viewsm.php?idm=29000
NASDAQ ANNOUNCES 19% INCREASE IN QUARTERLY DIVIDEND TO $0.38 PER SHARE
NEW YORK, April 27 (Bernama-GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc (Nasdaq:NDAQ) has declared a regular quarterly dividend of $0.38 per share on the company's outstanding common stock, an increase of 19% from the prior $0.32 per share quarterly dividend.
The dividend is payable on June 30, 2017 to shareowners of record at the close of business on June 16, 2017. The Board of Directors has adopted a dividend policy with the intention to provide shareholders with regular and growing dividends over the long term as earnings and cash flow grow.
The dividend is payable on June 30, 2017 to shareowners of record at the close of business on June 16, 2017. The Board of Directors has adopted a dividend policy with the intention to provide shareholders with regular and growing dividends over the long term as earnings and cash flow grow.
Thursday 27 April 2017
SNOOPY MUSEUM TOKYO HOLDS 1ST ANNIVERSARY COMMEMORATIVE EXHIBITION, STARTING APRIL 22, 2017
TOKYO, April 26 (Bernama-AsiaNet) --
| - Meet Snoopy's Friends at "Peanuts Gang All Stars! -- Introduce Your Friends to Me, Snoopy" - Reaching its first anniversary on Sunday, April 23, 2017, Snoopy Museum Tokyo started a commemorative exhibition entitled "Peanuts Gang All Stars! -- Introduce your friends to me, Snoopy" from Saturday, April 22. (Logo: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI1fl_EUeITxSz.jpg) Among over 70 characters in "Peanuts," especially familiar ones have been handpicked as the All Star gang for this exhibition. Snoopy and his distinct friends ("Peanuts Gang") and the relationship among one another are described through 80 precious original comic strips and a newly created original video. To coincide with the new exhibition, BROWN'S STORE has added about 200 fascinating new items, which add up to around 650 original products. Cafe Blanket also provides a fun menu featuring exhibition-exclusive items such as a first anniversary pancake, and monthly limited beverages. Starting from Saturday, April 22, general visitors can take photographs of most areas within the museum gallery. Furthermore, Cafe Blanket now accepts reservations after 5 p.m. (*Cafe visitors need separate tickets in order to visit the gallery and the store.) Please look forward to the ever-evolving Snoopy Museum Tokyo! (Photo1: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI3fl_xZcOobFl.jpg) (Photo2: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI4fl_lVKgNn7C.jpg) (Photo3: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI5fl_1jhlJ8yf.jpg) Gallery Tour with Karen Johnson, Director of Charles M. Schulz Museum and Snoopy On Friday, April 21, 2017, the press day for Snoopy Museum Tokyo's first anniversary commemorative exhibition, Karen Johnson, Director of Charles M. Schulz Museum where Snoopy Museum Tokyo originates from, guided a walk-through tour of the exhibition with the help of Snoopy. As Karen showed around and explained some of the recommended displays with enthusiasm and humor, Snoopy set the groove with his adorable moves. (Photo4: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI6fl_28nj3D8N.jpg) (Photo5: http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI7fl_2T9886we.jpg) Outline of the First Anniversary Commemorative Exhibition "Peanuts Gang All Stars! -- Introduce your friends to me, Snoopy" - Period: Saturday, April 22, 2017 - Sunday, September 24, 2017 No closings during the exhibition period - Time: 10:00 - 20:00 (admission until 19:30) - Location: 5-6-20 Roppongi, Minato-ku, Tokyo 7 minutes' walk from Tokyo Metro Roppongi Station, 10 minutes' walk from Azabu-Juban Station (Reference: Admission fees http://prw.kyodonews.jp/prwfile/release/M103782/201704211134/_prw_PI2fl_F737VEBw.png) Snoopy Museum Tokyo Official website: www.snoopymuseum.tokyo/en Official Facebook page: https://www.facebook.com/snoopymuseumtokyo/ Official Twitter account: https://twitter.com/snoopy_m_tokyo We ask that you allow us to check articles for publication. The following credit must be displayed: (C) Peanuts Worldwide LLC (Abbreviation: (C) Peanuts) SOURCE: Snoopy Museum Tokyo --BERNAMA |
POLYPLASTICS DEVELOPS NEW DURAFIDE (R) PPS GRADES WITH IMPROVED HEAT SHOCK RESISTANCE
TOKYO, April 26 (Bernama-AsiaNet) --
- Better Materials for Automotive Components and Others -
Polyplastics Co., Ltd. has developed new DURAFIDE (R) PPS grades, 6150T73 and 6150T8, which applied advanced technology to improve heat shock resistance of highly filled, high-toughness PPS materials. (Image: http://prw.kyodonews.jp/prwfile/release/M100475/201704211145/_prw_PI1fl_B49uBz0Y.jpg) Polyphenylene sulfide (PPS) is a highly heat-resistant resin that is categorized as super engineering plastic. It exhibits outstanding flame retardancy, mechanical property, dimensional stability and chemical resistance. In order to meet market requirements, particularly in the automotive sector, we have been making efforts to develop new highly filled, high-toughness PPS grades with greatly improved heat shock resistance. Previously, it was not so easy to improve heat shock resistance of a PPS material while keeping other properties in balance. First, conventional grades with improved heat shock resistance generate large quantities of mold deposits, caused by gases originating from the impact modifier. And increased frequency of metal mold maintenance was an issue. Second, the trend toward reduction of product thickness and weight has resulted in an increased requirement for materials with higher flowability. However, increasing flowability and improving toughness to give heat shock resistance normally have conflicting effects and it was difficult to achieve both at the same time. Polyplastics has now developed the new grades DURAFIDE PPS 6150T73 and 6150T8 that have overcome the abovementioned problems. DURAFIDE PPS 6150T8 exhibits high flowability and improved heat shock resistance, while DURAFIDE PPS 6150T73 benefits from even higher heat shock resistance. Additionally, both grades demonstrate low outgassing (low mold deposit) characteristics. These new materials are expected to boost productivity at customers not only in the automotive sector but in a wide range of fields by helping to increase freedom of product design while also reducing the frequency of metal mold maintenance. Polyplastics is not only a developer of materials technology; it is also actively engaged in the development of molding and processing technologies. In addition to the abovementioned materials technologies, we aim to offer new solutions that combine molding and processing technologies. For more information, visit https://www.polyplastics.com/en/product/lines/pps_hs/index.vm DURAFIDE (R) is a registered trademark of Polyplastics Co., Ltd. in Japan and other countries. SOURCE: Polyplastics Co., Ltd. --BERNAMA |
TACONIC BIOSCIENCES EXPANDS MICROBIOME PRODUCT AND SERVICE PLATFORM
HUDSON, N.Y., April 27 (Bernama-GLOBE NEWSWIRE) -- Taconic Biosciences, a global leader in genetically engineered mouse models and associated services and the only commercial provider of germ-free mice, announced that effective April 26, 2017 they will expand their microbiome product and services platform to include custom Fecal Microbiota Transplantation (FMT) services. To support these new FMT services, Taconic will also offer custom germ-free derivations using either client mouse models, Taconic’s commercial offerings, or mice sourced from third parties.
http://mrem.bernama.com/viewsm.php?idm=28987
http://mrem.bernama.com/viewsm.php?idm=28987
A.M. BEST BRIEFING: NON-LIFE INSURERS IN THE PHILIPPINES STRUGGLE TO BALANCE GROWTH WITH PROFITABILITY
SINGAPORE, April 27 (Bernama-BUSINESS WIRE) -- The
Philippine non-life industry experienced another year of solid premium
growth in 2016, with gross and net premiums growing faster than the
overall economy. However, this growth was likely not supported by
sufficient net profitability or capital growth, according to a new A.M. Best briefing, and net underwriting margins remain thin for a catastrophe-exposed market like the Philippines.
The Best’s Briefing, titled, “The Challenges of Balancing Growth With Profitability,” states that the average four-year net combined ratio (2012-2015) of a sample group of eight non-life insurers was 102.9. While higher pricing to incorporate a larger allowance for catastrophe claims could lead to positive average net underwriting results over a longer period, competitive constraints make this hard to implement. Moreover, as expense ratios dominate the net combined ratio in the Philippines, realizing efficiencies will likely play an important role in achieving improvements in net underwriting margins.
While overall net profits from 2012 to 2015 were positive and relatively stable, they were insufficient to strengthen risk-based capital. Return on equity (ROE) averaged only 3.6% during this period and lagged behind growth in premiums, indicating that the insurers’ capital generation capability failed to match the growth in insurance risk. As of 2015, risk-based capital was estimated to have remained below the levels in 2012, the year before Super Typhoon Yolanda hit the Philippines. A temporary fall in risk-based capital after a catastrophe is not unusual, but strong insurers would be able to restore their risk-based capital. However, this was not evident for the sample group between 2012 and 2015 as low net profitability impeded capital growth.
To access the full copy of this briefing, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=260719.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. ALL RIGHTS RESERVED.
The Best’s Briefing, titled, “The Challenges of Balancing Growth With Profitability,” states that the average four-year net combined ratio (2012-2015) of a sample group of eight non-life insurers was 102.9. While higher pricing to incorporate a larger allowance for catastrophe claims could lead to positive average net underwriting results over a longer period, competitive constraints make this hard to implement. Moreover, as expense ratios dominate the net combined ratio in the Philippines, realizing efficiencies will likely play an important role in achieving improvements in net underwriting margins.
While overall net profits from 2012 to 2015 were positive and relatively stable, they were insufficient to strengthen risk-based capital. Return on equity (ROE) averaged only 3.6% during this period and lagged behind growth in premiums, indicating that the insurers’ capital generation capability failed to match the growth in insurance risk. As of 2015, risk-based capital was estimated to have remained below the levels in 2012, the year before Super Typhoon Yolanda hit the Philippines. A temporary fall in risk-based capital after a catastrophe is not unusual, but strong insurers would be able to restore their risk-based capital. However, this was not evident for the sample group between 2012 and 2015 as low net profitability impeded capital growth.
To access the full copy of this briefing, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=260719.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Chi-Yeung Lok
Associate Director
+65 6589 8400, ext. 211
chi-yeung.lok@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Chi-Yeung Lok
Associate Director
+65 6589 8400, ext. 211
chi-yeung.lok@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Source: A.M. Best
AAGI LAUNCHES UNIQUE PERSONALISED VIDEO
KUALA LUMPUR, April
25 (Bernama) – AXA Affin General insurance (AAGI) has launched
a unique personalised video to welcome new health insurance customers and to
issue a renewal invitation to existing customers.
The new features
would enable customers to receive a personalised video greetings by
name and would list their specific plan benefits and sum insured, as well
as, the annual premium to be paid, said AAGI in a statement today.
“The personalised
video will also provide an easy step-by-step guide for smooth admission at
panel hospitals and recommend additional coverage specifically for the
individual’s age and gender,” it said.
AAGI is the first
general insurer in Malaysia to introduce welcome notes and renewal notices via
personalised videos, with the aim of enhancing customer experience, build
closer relationship, trust, customer loyalty and retention.
The company is
planning to extend personalised videos to other retail product customers in the
near future.
-- BERNAMA
Wednesday 26 April 2017
TGS ANNOUNCES CREAN 3D MULTI-CLIENT PROJECT IN IRELAND
ASKER, Norway, April 25 (Bernama-GLOBE NEWSWIRE) -- TGS announces new multi-client acquisition project, Crean 3D on the Irish Atlantic Margin.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/325303aa-b36f-4de5-a678-60be534ae895
Crean 3D (CRN 3D) is a multi-client survey of more than 5,400 km2 located in the South Porcupine Basin between the Porcupine High and the Irish Mainland Platform. Multi-level targets exist, such as Paleocene and Mesozoic channel/fan systems overlying tilted fault blocks. Exploration success on the Newfoundland Labrador conjugate margin coupled with historical exploration in Atlantic Ireland has resulted in significant acreage being licensed. TGS will acquire new 3D data to provide the higher spatial resolution required to delineate multiple plays at multiple levels. Acquisition is expected to commence in June 2017. Data processing will be performed by TGS using its Clari-FiTM broadband technology.
“Crean 3D will expand TGS’ modern 3D coverage in the underexplored Porcupine Basin. With the successful Atlantic Ireland license round in 2016, we see that activity across the Porcupine Basin is continuing to increase, creating exciting new opportunities. The Crean 3D survey further adds to our Atlantic Margins library which also includes data and new acquisition in the Norwegian Sea, North West Africa and Newfoundland Labrador,” commented Kristian Johansen, CEO for TGS.
This survey is supported by industry funding.
Company Summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principle customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).
TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY".
For additional information about this press release please contact:
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen@tgs.com
Will Ashby
VP HR & Communication
Tel: +1 713 860 2184
Email: will.ashby@tgs.com
SOURCE : TGS
--BERNAMA
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/325303aa-b36f-4de5-a678-60be534ae895
Crean 3D (CRN 3D) is a multi-client survey of more than 5,400 km2 located in the South Porcupine Basin between the Porcupine High and the Irish Mainland Platform. Multi-level targets exist, such as Paleocene and Mesozoic channel/fan systems overlying tilted fault blocks. Exploration success on the Newfoundland Labrador conjugate margin coupled with historical exploration in Atlantic Ireland has resulted in significant acreage being licensed. TGS will acquire new 3D data to provide the higher spatial resolution required to delineate multiple plays at multiple levels. Acquisition is expected to commence in June 2017. Data processing will be performed by TGS using its Clari-FiTM broadband technology.
“Crean 3D will expand TGS’ modern 3D coverage in the underexplored Porcupine Basin. With the successful Atlantic Ireland license round in 2016, we see that activity across the Porcupine Basin is continuing to increase, creating exciting new opportunities. The Crean 3D survey further adds to our Atlantic Margins library which also includes data and new acquisition in the Norwegian Sea, North West Africa and Newfoundland Labrador,” commented Kristian Johansen, CEO for TGS.
This survey is supported by industry funding.
Company Summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principle customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).
TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY".
For additional information about this press release please contact:
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen@tgs.com
Will Ashby
VP HR & Communication
Tel: +1 713 860 2184
Email: will.ashby@tgs.com
SOURCE : TGS
--BERNAMA
FOXMINERS LAUNCHES REVOLUTIONARY MINING CHIP
Beyond Bitcoin, a New Technology that is a Worldwide Game Changer
LOS GATOS, Calif., April 25 (Bernama-GLOBE NEWSWIRE) -- Some people say that cryptocurrency mining is getting harder day by day, but now has been “out-foxed” by a new announcement from Foxminers, currently releasing worldwide, the world’s first dual-miner hardware, which uses both SHA-256 and Scrypt to mine bitcoin and litecoin (https://foxminers.com/products/). Both dual-miners can also be customized for transactions of other cryptocurrencies that use SHA-256 or Scrypt.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/964850d7-07b9-421c-b7a5-e0a375c90029
Designed for Mining Power
Foxminers’ mining chip, FM9800-XD112 is the result of brilliant hardware design that increases hash rates to maximum potential while keeping power consumption down. Both have a built-in controller and pre-installed software. After an intense period of testing, consisting of evaluating, prototyping, and extreme-condition pressure testing, the Foxminers F24 and F48 hardware products are now ready for mass production.
Pricing and Availability
The Foxminers F24 and F48 are available at a presale discount from www.foxminers.com. Pricing starts at $2500. Customers can save $500 by preordering, from now until May 14.
Delivery Fee and Custom Fee will be covered by Foxminers, the customer only pays for the unit and receives everything needed for setup without any hidden fees. “Consumers now know our competitors are beat. They can’t reach our power and our extremely low power costs. We have huge mining power – the F48 generates 75 TH/s for bitcoin and 2.1 GH/s for Litecoin. It’s the best investment on the market,” said Mike Harish Operational Director, COO, Foxminers. “We have strived to give customers the first-rate possible investment in the market.” Watch the video at: https://vimeo.com/212613185
LOS GATOS, Calif., April 25 (Bernama-GLOBE NEWSWIRE) -- Some people say that cryptocurrency mining is getting harder day by day, but now has been “out-foxed” by a new announcement from Foxminers, currently releasing worldwide, the world’s first dual-miner hardware, which uses both SHA-256 and Scrypt to mine bitcoin and litecoin (https://foxminers.com/products/). Both dual-miners can also be customized for transactions of other cryptocurrencies that use SHA-256 or Scrypt.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/964850d7-07b9-421c-b7a5-e0a375c90029
Designed for Mining Power
Foxminers’ mining chip, FM9800-XD112 is the result of brilliant hardware design that increases hash rates to maximum potential while keeping power consumption down. Both have a built-in controller and pre-installed software. After an intense period of testing, consisting of evaluating, prototyping, and extreme-condition pressure testing, the Foxminers F24 and F48 hardware products are now ready for mass production.
Pricing and Availability
The Foxminers F24 and F48 are available at a presale discount from www.foxminers.com. Pricing starts at $2500. Customers can save $500 by preordering, from now until May 14.
Delivery Fee and Custom Fee will be covered by Foxminers, the customer only pays for the unit and receives everything needed for setup without any hidden fees. “Consumers now know our competitors are beat. They can’t reach our power and our extremely low power costs. We have huge mining power – the F48 generates 75 TH/s for bitcoin and 2.1 GH/s for Litecoin. It’s the best investment on the market,” said Mike Harish Operational Director, COO, Foxminers. “We have strived to give customers the first-rate possible investment in the market.” Watch the video at: https://vimeo.com/212613185
A.M. BEST ASSIGNS CREDIT RATINGS TO PEAK REINSURANCE AG
HONG KONG, April 25 (Bernama-BUSINESS WIRE) -- A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Peak Reinsurance AG (Peak Re AG) (Switzerland). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Peak Re AG’s sound business plan, supportive risk-based capitalization and retrocession support provided by its parent company, Peak Reinsurance Company Limited (Peak Re). Peak Re established a Zurich branch office in September 2015. In December 2016, the Swiss Financial Market Supervisory Authority (FINMA) awarded Peak Re AG a subsidiary license to underwrite non-life reinsurance business. A.M. Best expects Peak Re AG to operate with a high degree of integration with Peak Re, which will include retrocession support and the sharing of branding and core operational functions such as underwriting, pricing, marketing, reserving and risk management.
Positive rating actions are not likely in the short term. Negative rating actions may occur if Peak Re’s ratings are downgraded, or if A.M. Best determines that Peak Re AG’s level of importance to Peak Re has diminished materially.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
Positive rating actions are not likely in the short term. Negative rating actions may occur if Peak Re’s ratings are downgraded, or if A.M. Best determines that Peak Re AG’s level of importance to Peak Re has diminished materially.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Vivian Cheung, +852 2827 3421
Senior Financial Analyst
vivian.cheung@ambest.com
or
Christie Lee, +852 2827 3413
Director, Analytics
christie.lee@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Vivian Cheung, +852 2827 3421
Senior Financial Analyst
vivian.cheung@ambest.com
or
Christie Lee, +852 2827 3413
Director, Analytics
christie.lee@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Source: A.M. Best
A.M. BEST COMMENTS ON CREDIT RATINGS OF TUGU INSURANCE COMPANY LIMITED
SINGAPORE, April 25 (Bernama-BUSINESS WIRE) -- A.M. Best has commented that the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Tugu Insurance Company Limited (TIC) (Hong Kong) remain unchanged. The outlook of these Credit Ratings (ratings) remains negative.
This follows a disclosure by TIC’s parent, PT Tugu Pratama Indonesia (TPI), that TPI intends to dispose of its shares in TIC. Further details of the disposal, including the level of capital to be maintained in TIC, have not yet been disclosed.
A.M. Best considered the risks related to the intended disposal in its Feb. 24, 2017, rating update, which stated that a material decline in TIC’s capital position could result in negative rating action.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
A.M. Best considered the risks related to the intended disposal in its Feb. 24, 2017, rating update, which stated that a material decline in TIC’s capital position could result in negative rating action.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Chi Yeung Lok
Associate Director, Analytics
+65 6589 8400, ext. 211
chi-yeung.lok@ambest.com
or
Christie Lee
Director, Analytics
+852 2827 341
christie.lee@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Chi Yeung Lok
Associate Director, Analytics
+65 6589 8400, ext. 211
chi-yeung.lok@ambest.com
or
Christie Lee
Director, Analytics
+852 2827 341
christie.lee@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Source: A.M. Best
TACONIC BIOSCIENCES ANNOUNCES RELEASE OF NEW PARKINSON'S DISEASE ANIMAL MODEL
HUDSON, N.Y., April 26 (Bernama-GLOBE NEWSWIRE) -- Taconic Biosciences, a global leader in genetically engineered mouse models and associated services, announced that effective April 17, 2017, in conjunction with The Michael J. Fox Foundation for Parkinson’s Research (MJFF), began commercial distribution of a new Parkinson’s disease mouse Model 13940 (C57BL/6- Lrrk2tm4.1Arte).
The development of Model 13940 underscores the commitment of both Taconic and MJFF to provide novel models for expediting Parkinson’s disease testing.
http://mrem.bernama.com/viewsm.php?idm=28975
The development of Model 13940 underscores the commitment of both Taconic and MJFF to provide novel models for expediting Parkinson’s disease testing.
http://mrem.bernama.com/viewsm.php?idm=28975
Tuesday 25 April 2017
ULLINK BOLSTERS MIFID 2 TRANSACTION REPORTING WITH AUTOMATED POST-TRADE DATA MANAGEMENT
New UL PUBLISHER solution creates a centralised view of post-trade data while mitigating regulatory risk
PARIS, April 25 (Bernama-BUSINESS WIRE) -- Ullink,
a global provider of electronic trading and connectivity solutions to
the financial community, has launched a fully automated post-trade data
management solution called UL PUBLISHER, enabling market participants to
report transaction data to relevant regulatory authorities, meet
upcoming MiFID 2 regulation and create a centralised view of post-trade
data across multiple asset classes and front-office electronic trading
systems.
With the introduction of MiFID 2 in January 2018, firms face new challenges in collecting, validating, enriching, submitting and tracking order and trade data across asset classes and front-office trading systems. For transaction reporting, MiFID 2 introduces requirements for more than 60 new data items to be reported, imposes new reporting logic, and places responsibility on both buy-sides and sell-sides to report under different reporting scenarios. New reporting destinations – or Approved Reporting Mechanisms (ARMs) – are also being created introducing new connectivity and integration requirements.
To address this, Ullink’s UL PUBLISHER provides a centralised solution for post-trade data management which consolidates and standardises data across front-office trading systems, providing complete traceability of all actions performed on an order across different front-office order management, risk and execution systems. For transaction reporting, UL PUBLISHER connects firms to a wide range of ARMs for regulatory reporting of eligible, cross-asset class MiFID 2 instruments, and generates reports in specific formats required by the ARMs. The post-trade data captured and normalised by UL PUBLISHER can also feed a variety of downstream compliance workflows, including best execution, trade surveillance and order record keeping.
Richard Bentley, Chief Product Officer at Ullink comments: “Much of the impact of MiFID 2 on post-trade workflows concerns data – the need to collect, normalise and enrich an extended data set across a variety of front-office systems. UL PUBLISHER provides the means to centralise this process across asset classes in a fully-automated fashion, minimising impact on existing trading platforms and providing a single, consistent data set to feed downstream processes. Collation of order and trade information for transaction reporting via an ARM is only one of the potential application areas of this new solution.”
With the introduction of MiFID 2 in January 2018, firms face new challenges in collecting, validating, enriching, submitting and tracking order and trade data across asset classes and front-office trading systems. For transaction reporting, MiFID 2 introduces requirements for more than 60 new data items to be reported, imposes new reporting logic, and places responsibility on both buy-sides and sell-sides to report under different reporting scenarios. New reporting destinations – or Approved Reporting Mechanisms (ARMs) – are also being created introducing new connectivity and integration requirements.
To address this, Ullink’s UL PUBLISHER provides a centralised solution for post-trade data management which consolidates and standardises data across front-office trading systems, providing complete traceability of all actions performed on an order across different front-office order management, risk and execution systems. For transaction reporting, UL PUBLISHER connects firms to a wide range of ARMs for regulatory reporting of eligible, cross-asset class MiFID 2 instruments, and generates reports in specific formats required by the ARMs. The post-trade data captured and normalised by UL PUBLISHER can also feed a variety of downstream compliance workflows, including best execution, trade surveillance and order record keeping.
Richard Bentley, Chief Product Officer at Ullink comments: “Much of the impact of MiFID 2 on post-trade workflows concerns data – the need to collect, normalise and enrich an extended data set across a variety of front-office systems. UL PUBLISHER provides the means to centralise this process across asset classes in a fully-automated fashion, minimising impact on existing trading platforms and providing a single, consistent data set to feed downstream processes. Collation of order and trade information for transaction reporting via an ARM is only one of the potential application areas of this new solution.”
Contacts
ULLINK
Mireille Adebiyi
Marketing & Communications Director
Tel.: +33 1 49 95 30 00
mireille.adebiyi@ullink.com
or
COGNITO
Oliver Mann
Paul Bowhay
Tel: +44 (0)20 74269420
Oliver.Mann@cognitomedia.com
Paul.Bowhay@cognitomedia.com
Mireille Adebiyi
Marketing & Communications Director
Tel.: +33 1 49 95 30 00
mireille.adebiyi@ullink.com
or
COGNITO
Oliver Mann
Paul Bowhay
Tel: +44 (0)20 74269420
Oliver.Mann@cognitomedia.com
Paul.Bowhay@cognitomedia.com
Source: Ullink
NTT COM ACQUIRES INTERNATIONAL TELECOM LICENSE IN INDIA
First Japanese ICT provider to receive this license
MUMBAI, India, April 25 (Bernama-BUSINESS WIRE) -- NTT
Communications (NTT Com), the ICT solutions and international
communications business within the NTT Group, today announced that it
acquired a Virtual Network Operator – International Long Distance
(VNO-ILD) license in India through its affiliate, NTT Communications
India Network Services (NTTCINS), on March 1 this year.
The license acquisition will allow NTT Com to add Arcstar Universal One International Network Services to its portfolio of existing services in India. Currently, NTT Com provides National Long Distance “NLD” network services through NTTCINS and Colocation, Managed Hosting, Cloud and ICT Management Services through Netmagic, an affiliate. Beginning this July, NTT Com will leverage its full stack of high-quality ICT solutions to help enterprise customers build their ICT environments for business expansion in India.
"With the enhanced network capabilities coupled with Managed Hosting and Cloud services, we are always committed to enable our customers to reap the maximum value from their technology investments. This suite of offerings provides a robust value proposition as an ICT provider to meet our customers’ IT infrastructure and connectivity requirements,” said Sharad Sanghi, Managing Director and CEO of Netmagic Solutions.
NTT Com now looks forward to offering a comprehensive range of ICT solutions, including WAN, LAN, Data Centers and associated Value Added Services to support Indian businesses and multinational corporations.
NTT Com also plans to enhance its network services by adding Internet access options and to improve the service quality by way of closer relationships with local carriers.
Service Image
http://www.ntt.com/en/about-us/press-releases/news/article/2017/0425/a.html
About NTT Communications India Network Services
NTT Communications India Network Services is a wholly owned subsidiary of NTT Com and currently provides national long distance network services to enterprises in India.
About Netmagic Solutions (An NTT Communications Company)
Netmagic, an NTT Communications company, is India’s leading Managed Hosting and Cloud service provider, with 9 carrier-neutral, state-of-the-art data centers and serving more than 2000 enterprises globally. Headquartered in Mumbai, Netmagic also delivers Remote Infrastructure Management (RIM) services to various Enterprise customers globally including NTT Communication’s customers across Americas, Europe and Asia-Pacific region. The Company was the first in India to launch services – Cloud Computing, Managed Security, Disaster Recovery-as-a-Service (DRaaS) and Software-Defined Storage. Netmagic has been recognized with 6 awards at the CIO Choice Award 2016 and Frost & Sullivan India ICT Award 2016. To learn more, visit us at: www.netmagicsolutions.com.
About NTT Communications Corporation
NTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology (ICT) environments of enterprises. These offerings are backed by the company’s worldwide infrastructure, including the leading global tier-1 IP network, the Arcstar Universal One™ VPN network reaching 196 countries/regions, and 140 secure data centers worldwide. NTT Communications’ solutions leverage the global resources of NTT Group companies including Dimension Data, NTT DOCOMO and NTT DATA.
www.ntt.com | Twitter@NTT Com | Facebook@NTT Com | LinkedIn@NTT Com
The license acquisition will allow NTT Com to add Arcstar Universal One International Network Services to its portfolio of existing services in India. Currently, NTT Com provides National Long Distance “NLD” network services through NTTCINS and Colocation, Managed Hosting, Cloud and ICT Management Services through Netmagic, an affiliate. Beginning this July, NTT Com will leverage its full stack of high-quality ICT solutions to help enterprise customers build their ICT environments for business expansion in India.
"With the enhanced network capabilities coupled with Managed Hosting and Cloud services, we are always committed to enable our customers to reap the maximum value from their technology investments. This suite of offerings provides a robust value proposition as an ICT provider to meet our customers’ IT infrastructure and connectivity requirements,” said Sharad Sanghi, Managing Director and CEO of Netmagic Solutions.
NTT Com now looks forward to offering a comprehensive range of ICT solutions, including WAN, LAN, Data Centers and associated Value Added Services to support Indian businesses and multinational corporations.
NTT Com also plans to enhance its network services by adding Internet access options and to improve the service quality by way of closer relationships with local carriers.
Service Image
http://www.ntt.com/en/about-us/press-releases/news/article/2017/0425/a.html
About NTT Communications India Network Services
NTT Communications India Network Services is a wholly owned subsidiary of NTT Com and currently provides national long distance network services to enterprises in India.
About Netmagic Solutions (An NTT Communications Company)
Netmagic, an NTT Communications company, is India’s leading Managed Hosting and Cloud service provider, with 9 carrier-neutral, state-of-the-art data centers and serving more than 2000 enterprises globally. Headquartered in Mumbai, Netmagic also delivers Remote Infrastructure Management (RIM) services to various Enterprise customers globally including NTT Communication’s customers across Americas, Europe and Asia-Pacific region. The Company was the first in India to launch services – Cloud Computing, Managed Security, Disaster Recovery-as-a-Service (DRaaS) and Software-Defined Storage. Netmagic has been recognized with 6 awards at the CIO Choice Award 2016 and Frost & Sullivan India ICT Award 2016. To learn more, visit us at: www.netmagicsolutions.com.
About NTT Communications Corporation
NTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology (ICT) environments of enterprises. These offerings are backed by the company’s worldwide infrastructure, including the leading global tier-1 IP network, the Arcstar Universal One™ VPN network reaching 196 countries/regions, and 140 secure data centers worldwide. NTT Communications’ solutions leverage the global resources of NTT Group companies including Dimension Data, NTT DOCOMO and NTT DATA.
www.ntt.com | Twitter@NTT Com | Facebook@NTT Com | LinkedIn@NTT Com
Contacts
For further information, please contact –
Netmagic Solutions (An NTT Communications Company)
Sikta Samantaray
Sikta.s@netmagicsolutions.com
Netmagic Solutions (An NTT Communications Company)
Sikta Samantaray
Sikta.s@netmagicsolutions.com
Source: NTT Communications Corporation
NEW TESTING PROCEDURE HOLDS PROMISE AS A CRITICAL TOOL IN THE GLOBAL EFFORT TO ELIMINATE MALARIA
Field laboratory-deployable molecular test up to 80,000 times more sensitive than current options
CINCINNATI, April 25 (Bernama-GLOBE NEWSWIRE) -- As the global community gathers for World Malaria Day to celebrate successes and plot strategy to eliminate the disease from the face of the earth, a new ray of hope is emerging from a surprising place: the testing side of the equation.
Meridian Bioscience, Inc. of Cincinnati, Ohio (NASDAQ:VIVO) has developed illumigene® Malaria, a molecular-based, field laboratory-deployed test for malaria that is up to 80,000 times more sensitive at detecting the malaria parasite than current testing options. The test was developed by Meridian with the technical assistance of the Centers for Disease Control and Prevention (CDC) and Cheikh Anta Diop University of Dakar, Senegal.
http://mrem.bernama.com/viewsm.php?idm=28961
CINCINNATI, April 25 (Bernama-GLOBE NEWSWIRE) -- As the global community gathers for World Malaria Day to celebrate successes and plot strategy to eliminate the disease from the face of the earth, a new ray of hope is emerging from a surprising place: the testing side of the equation.
Meridian Bioscience, Inc. of Cincinnati, Ohio (NASDAQ:VIVO) has developed illumigene® Malaria, a molecular-based, field laboratory-deployed test for malaria that is up to 80,000 times more sensitive at detecting the malaria parasite than current testing options. The test was developed by Meridian with the technical assistance of the Centers for Disease Control and Prevention (CDC) and Cheikh Anta Diop University of Dakar, Senegal.
http://mrem.bernama.com/viewsm.php?idm=28961
Saturday 22 April 2017
BOTSWANA MOST ATTRACTIVE INVESTMENT DESTINATION IN AFRICA
- Quantum Global Research Lab launches Africa Investment Index
- Morocco, Egypt, South Africa and Zambia amongst top five investment destinations
- Top five investment destinations attracted a combined net FDI of $13.6bn
LONDON, April 20 (Bernama-GLOBE NEWSWIRE) -- Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016 (http://APO.af/sUtRNQ) by Quantum Global’s (www.QuantumGlobalGroup.com) independent research arm, Quantum Global Research Lab.
http://mrem.bernama.com/viewsm.php?idm=28932
- Morocco, Egypt, South Africa and Zambia amongst top five investment destinations
- Top five investment destinations attracted a combined net FDI of $13.6bn
LONDON, April 20 (Bernama-GLOBE NEWSWIRE) -- Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016 (http://APO.af/sUtRNQ) by Quantum Global’s (www.QuantumGlobalGroup.com) independent research arm, Quantum Global Research Lab.
http://mrem.bernama.com/viewsm.php?idm=28932
SME'S GATHER AT THE CAPITAL MARKET & FINANCIAL SOLUTION ROADSHOW 2017
GEORGE TOWN, April 21 (Bernama) -- In line with the growing of the outlook as professional education programmes, MFPC organised the Capital Market & Financial Solution Roadshow in Penang yesterday. With the support from the Capital Market Development Funds (CMDF) and with Universal Media as the Co – organiser, the event will further support Malaysia’s aspiration of becoming a high growth nation as well as adapting to the global developments in the region.
MFPC’s Penang Chapter Chairman, Dr Tan Chuan Hong said “If there is any single factor that makes a huge impact in improving the GDP of a country, it is the effective allocation of capital to the Industry and Government. Nevertheless, as interested stakeholders, SME’s must seize opportunities to learn; to grow and transform especially in learning ways to manage the business; to raise capital for business and for its expansion”.
He also emphasized on the importance of the capital market for the economic development in Malaysia. “Capital Market is a passage where the assets is a long – term productive use. Government Linked Companies and few big private companies use Capital Markets to raise money for their long-term investments. What better way to do this apart from working hard? ”
In yesterday’s conference, MFPC were pleased to have prolific speakers and experts to share their thoughts with Malaysia SME’s participant on Capital Market. Topics covered during the roadshow was derived from the capital market trend, financial advisory services, financial solution and equity crowdfunding. Exclusive to the Capital Market and Financial Solution Roadshow, organiser offer attendees the chance to have one-on-one conversations after the session with industry veterans.
Capital Market & Financial Solution Roadshow focal objectives are to gather the SME’s and create a knowledgeable platform on the benefits of raising capital through the capital market. The next conference will take place in M – Suite Hotel, Johor Bahru on 27th April 2017 followed by Imperial Hotel in Kuching on 4th May 2017 and Miri on 23rd May 2017.
MFPC’s Penang Chapter Chairman, Dr Tan Chuan Hong said “If there is any single factor that makes a huge impact in improving the GDP of a country, it is the effective allocation of capital to the Industry and Government. Nevertheless, as interested stakeholders, SME’s must seize opportunities to learn; to grow and transform especially in learning ways to manage the business; to raise capital for business and for its expansion”.
He also emphasized on the importance of the capital market for the economic development in Malaysia. “Capital Market is a passage where the assets is a long – term productive use. Government Linked Companies and few big private companies use Capital Markets to raise money for their long-term investments. What better way to do this apart from working hard? ”
In yesterday’s conference, MFPC were pleased to have prolific speakers and experts to share their thoughts with Malaysia SME’s participant on Capital Market. Topics covered during the roadshow was derived from the capital market trend, financial advisory services, financial solution and equity crowdfunding. Exclusive to the Capital Market and Financial Solution Roadshow, organiser offer attendees the chance to have one-on-one conversations after the session with industry veterans.
Capital Market & Financial Solution Roadshow focal objectives are to gather the SME’s and create a knowledgeable platform on the benefits of raising capital through the capital market. The next conference will take place in M – Suite Hotel, Johor Bahru on 27th April 2017 followed by Imperial Hotel in Kuching on 4th May 2017 and Miri on 23rd May 2017.
Friday 21 April 2017
NEW STUDY PUBLISHED IN PLOS ONE ADVANCES SCIENCE AROUND VTS-270 FOR TREATMENT OF NIEMANN-PICK DISEASE TYPE C1
ROCKVILLE, Md., April 19 (Bernama-GLOBE NEWSWIRE) -- Sucampo Pharmaceuticals, Inc. (Sucampo) (NASDAQ:SCMP), a global biopharmaceutical company, today announced the publication of a new study in an independent scientific journal that confirms the unique composition of VTS-270, a 2-Hydroxypropyl-beta-cyclodextrin (HPβCD) product under investigation as a novel treatment for Niemann-Pick Disease Type C1 (NPC-1).
NPC-1 is a rare, progressive and ultimately lethal genetic disorder affecting an estimated 2,000-3,000 patients globally. The results were published today in an article entitled, “Characterization of hydroxypropyl-beta-cyclodextrins used in the treatment of Niemann-Pick Disease type C1,” in PLOS ONE, the world’s first multidisciplinary, Open Access journal, and are available at http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0175478.
http://mrem.bernama.com/viewsm.php?idm=28926
NPC-1 is a rare, progressive and ultimately lethal genetic disorder affecting an estimated 2,000-3,000 patients globally. The results were published today in an article entitled, “Characterization of hydroxypropyl-beta-cyclodextrins used in the treatment of Niemann-Pick Disease type C1,” in PLOS ONE, the world’s first multidisciplinary, Open Access journal, and are available at http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0175478.
http://mrem.bernama.com/viewsm.php?idm=28926
Thursday 20 April 2017
MOBIL JET™ OIL 387 GOES FLEET-WIDE WITH SINGAPORE AIRLINES
- Singapore Airlines now using Mobil Jet Oil 387 across entire fleet
- Decorated carrier operates one of the youngest fleets in the industry
- Mobil Jet Oil 387 has accrued nearly one million hours of on-wing performance
SPRING, Texas, April 19 (Bernama-BUSINESS WIRE) -- ExxonMobil announced today that Mobil JetTM Oil 387, a synthetic High Performance Capability (HPC) turbine engine oil, will be used in all of Singapore Airlines’ aircraft.
Among the world’s most awarded carriers, Singapore Airlines operates one of the youngest fleets in the aviation industry. Its fleet includes a range of Airbus and Boeing wide-body aircraft powered by some of the most advanced and popular engine technologies, including numerous Rolls-Royce Trent and General Electric’s GE90 variants.
http://mrem.bernama.com/viewsm.php?idm=28924
- Decorated carrier operates one of the youngest fleets in the industry
- Mobil Jet Oil 387 has accrued nearly one million hours of on-wing performance
SPRING, Texas, April 19 (Bernama-BUSINESS WIRE) -- ExxonMobil announced today that Mobil JetTM Oil 387, a synthetic High Performance Capability (HPC) turbine engine oil, will be used in all of Singapore Airlines’ aircraft.
Among the world’s most awarded carriers, Singapore Airlines operates one of the youngest fleets in the aviation industry. Its fleet includes a range of Airbus and Boeing wide-body aircraft powered by some of the most advanced and popular engine technologies, including numerous Rolls-Royce Trent and General Electric’s GE90 variants.
http://mrem.bernama.com/viewsm.php?idm=28924
RedHill Biopharma Receives Notice of Allowance for Two Additional U.S. Patents Covering BEKINDA®
- RedHill received Notices of Allowance from the United States Patent and Trademark Office (USPTO) for two new patents covering BEKINDA® (RHB-102), expected to be valid until at least 2034, once granted
- BEKINDA® is a proprietary, bimodal extended-release, once-daily oral pill formulation of ondansetron, targeting several gastrointestinal indications
- Top-line results from a Phase III study with BEKINDA® 24 mg for acute gastroenteritis and gastritis (the GUARD study) are expected in the second quarter of 2017
- A Phase II study with BEKINDA® 12 mg for diarrhea-predominant irritable bowel syndrome (IBS-D) is ongoing, with top-line results expected in the third quarter of 2017
- RedHill will host an R&D Day and live webcast on BEKINDA® on Thursday, April 27, 2017 in NYC, discussing the product, indications, potential markets and the ongoing Phase III and II studies for acute gastroenteritis and IBS-D, respectively
TEL-AVIV, Israel, April 19 (GLOBE NEWSWIRE) -- RedHill Biopharma Ltd. (NASDAQ:RDHL) (Tel-Aviv Stock Exchange:RDHL) (“RedHill” or the “Company”), a specialty biopharmaceutical company primarily focused on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for gastrointestinal and inflammatory diseases and cancer, today announced that it has received notices of allowance from the United States Patent and Trademark Office (USPTO) for two new patents covering BEKINDA® (RHB-102)1. Once granted, the patents are expected to be valid until at least 2034.
Danielle Abramson, Ph.D., RedHill’s Director of Intellectual Property & Research said: “We are very pleased with the allowance of two additional U.S. patents for BEKINDA®. This is an important addition to RedHill’s strong IP portfolio, that will further enhance our protection of BEKINDA®. We are approaching significant milestones with BEKINDA® in the coming months, with top-line results from the Phase III study for gastroenteritis and gastritis expected in the second quarter of 2017 and top-line results from the Phase II for IBS-D expected in the third quarter of 2017.”
SOURCE : RedHill Biopharma Ltd.
EUROMONITOR REVEALS TOP 5 DIGITAL CONSUMER TRENDS IN 2017
CHICAGO, April 19 (Bernama-BUSINESS WIRE) -- Global market research company Euromonitor International will unveil the latest trends shaping digital commerce in the upcoming webinar “Top 5 Digital Consumer Trends in 2017”, on Thursday, April 27 at 9 a.m. CDT.
In today’s digital world, mobile is overtaking personal computers (PC), new technologies are influencing digital purchases and connected devices are providing consumers with new places to pay. This webinar will dive into these trends changing the commerce space.
Mobile tipping point
According to Euromonitor International, China and Indonesia have already reached the mobile-first mentality with more than half – 66 percent and 51 percent, respectively – of digital purchases transacted through mobile in 2016.
South Korea, Thailand, Australia, the US and the UK are expected to follow suit with mobile surpassing PC in terms of digital purchases by 2021.
New technologies impacting the path to purchase
Augmented and virtual reality (AR/VR) technologies have the ability to create new brand experiences. These advancements are giving way to a new reality for commerce, which in the near term will likely be driven by enterprise applications with greater consumer-driven usage.
In recent years, artificial intelligence (AI) has emerged as a potential commerce tool. In time, applications powered by AI will become key competitive advantages for commerce players as these technologies afford brands the power to more effectively create personalised offers.
Changing commerce environments
Digital commerce is no longer restricted to computers, tablets or even mobile phones. Connected cars and smart appliances, among others, lend the potential to disrupt commerce by creating a new purchasing environment – from paying in your car to replenishing products from the comfort of your home.
“Technological advances evolved the way consumers browse and buy, making it imperative to understand the trends impacting the connected consumer and digital commerce,” said Michelle Evans, head of digital consumer research at Euromonitor International.
To register for the free webinar, visit: http://go.euromonitor.com/wb-digital-consumer-2017-top-5-digital-consumer-trends-2017.
About Euromonitor International
Euromonitor International is the world’s leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.
Mobile tipping point
According to Euromonitor International, China and Indonesia have already reached the mobile-first mentality with more than half – 66 percent and 51 percent, respectively – of digital purchases transacted through mobile in 2016.
South Korea, Thailand, Australia, the US and the UK are expected to follow suit with mobile surpassing PC in terms of digital purchases by 2021.
New technologies impacting the path to purchase
Augmented and virtual reality (AR/VR) technologies have the ability to create new brand experiences. These advancements are giving way to a new reality for commerce, which in the near term will likely be driven by enterprise applications with greater consumer-driven usage.
In recent years, artificial intelligence (AI) has emerged as a potential commerce tool. In time, applications powered by AI will become key competitive advantages for commerce players as these technologies afford brands the power to more effectively create personalised offers.
Changing commerce environments
Digital commerce is no longer restricted to computers, tablets or even mobile phones. Connected cars and smart appliances, among others, lend the potential to disrupt commerce by creating a new purchasing environment – from paying in your car to replenishing products from the comfort of your home.
“Technological advances evolved the way consumers browse and buy, making it imperative to understand the trends impacting the connected consumer and digital commerce,” said Michelle Evans, head of digital consumer research at Euromonitor International.
To register for the free webinar, visit: http://go.euromonitor.com/wb-digital-consumer-2017-top-5-digital-consumer-trends-2017.
About Euromonitor International
Euromonitor International is the world’s leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.
Contacts
Euromonitor International
Marissa Bosler, +1 312-477-8908
Communications Executive
marissa.bosler@euromonitor.com
Marissa Bosler, +1 312-477-8908
Communications Executive
marissa.bosler@euromonitor.com
Source: Euromonitor International
DYNADMIC GIVES GLOBAL BRANDS THE OPPORTUNITY TO BUY "SAFE" YOUTUBE ADS
Ensuring Brand Safe Environments In The Age of User Generated Content
NEW YORK, April 19 (Bernama-BUSINESS WIRE) -- In recent weeks, some of the world’s top brands, including L’Oreal, HSBC, Starbucks, and Walmart, have pulled their ad spending from Google, as a result of their ads appearing next to objectionable content on YouTube or websites the online ad giant monetizes. These brands are searching for a new digital video advertising safe haven that some believe, will be hard to find. In the midst of all of this upheaval and advertising anarchy, DynAdmic, a digital video advertising firm, has come to save the day with a unique set of tools that stirs up the competition and catches the eye of the world’s top brands and media agencies.
“The only way to prevent brands from being shown in an unsafe environment, is to analyze both written (page level) and spoken content (video level), not just rely on a quality score or the reputation of a video or website,” said DynAdmic CEO Stéphane Bonjean. “We are scrubbing through online video content as if it was done by a human being. With our technology, we can listen to the videos, hunt for shocking sounds and inappropriate spoken content, to make sure our clients are buying ad space within a secure environment.”
For the past four years, DynAdmic’s prerogative has been to protect the brands they work with, such as BMW, Red Bull, Kellogg’s, McDonald’s and American Express, from appearing next to undesirable videos or articles that do not fit within the brands’ vision. Now you might find yourself asking “How exactly does DynAdmic prevent ads from appearing next to objectionable content?”. And how it works is, DynAdmic’s proprietary audio recognition technology analyzes the audio track of a video people are watching online to identify the viewer’s interest and serve relevant ads.
By using the same technology, DynAdmic is able to filter out YouTube’s or any website’s undesirable video inventory by identifying sounds, written and spoken keywords that are associated with undesirable content, such as violence, offensive language, hate speech, etc… The video content recognition and analysis is based on signal processing, machine learning (artificial intelligence), latent semantic analysis, and parallel computing. With 6 billion ad placements analyzed every day, DynAdmic is leveraging its hyper-targeting technology to provide a level of brand safety known for its efficiency and scalability. Finally, in regards to a full approach to ad verification, DynAdmic’s fraud rate, monitored by MOAT, is less than 1% on all its campaigns (Q1 2017).
About DynAdmic:
DynAdmic is a leading digital video advertising marketplace using an exclusive targeting concept powered by its audio recognition technology to identify and target a viewer’s real-time interest, serving them a brand’s ad the moment their interest level is highest. DynAdmic uses its never-before-seen contextual targeting solution to sell brand safe, highly focused campaigns to the world’s largest brands and agencies.
“The only way to prevent brands from being shown in an unsafe environment, is to analyze both written (page level) and spoken content (video level), not just rely on a quality score or the reputation of a video or website,” said DynAdmic CEO Stéphane Bonjean. “We are scrubbing through online video content as if it was done by a human being. With our technology, we can listen to the videos, hunt for shocking sounds and inappropriate spoken content, to make sure our clients are buying ad space within a secure environment.”
For the past four years, DynAdmic’s prerogative has been to protect the brands they work with, such as BMW, Red Bull, Kellogg’s, McDonald’s and American Express, from appearing next to undesirable videos or articles that do not fit within the brands’ vision. Now you might find yourself asking “How exactly does DynAdmic prevent ads from appearing next to objectionable content?”. And how it works is, DynAdmic’s proprietary audio recognition technology analyzes the audio track of a video people are watching online to identify the viewer’s interest and serve relevant ads.
By using the same technology, DynAdmic is able to filter out YouTube’s or any website’s undesirable video inventory by identifying sounds, written and spoken keywords that are associated with undesirable content, such as violence, offensive language, hate speech, etc… The video content recognition and analysis is based on signal processing, machine learning (artificial intelligence), latent semantic analysis, and parallel computing. With 6 billion ad placements analyzed every day, DynAdmic is leveraging its hyper-targeting technology to provide a level of brand safety known for its efficiency and scalability. Finally, in regards to a full approach to ad verification, DynAdmic’s fraud rate, monitored by MOAT, is less than 1% on all its campaigns (Q1 2017).
About DynAdmic:
DynAdmic is a leading digital video advertising marketplace using an exclusive targeting concept powered by its audio recognition technology to identify and target a viewer’s real-time interest, serving them a brand’s ad the moment their interest level is highest. DynAdmic uses its never-before-seen contextual targeting solution to sell brand safe, highly focused campaigns to the world’s largest brands and agencies.
Wednesday 19 April 2017
TOSHIBA LAUNCHES H BRIDGE DRIVER IC FOR LOW-VOLTAGE 2.5V DRIVE
TOKYO, April 18 (Bernama-BUSINESS WIRE) -- Toshiba Corporation's (TOKYO: 6502) Storage & Electronic Devices Solutions Company today announced the launch of “TC78H630FNG,” “TC78H621FNG,” and “TC78H611FNG,” additions to its line-up of H bridge[1] driver ICs for DC brushed motors and stepping motors used in the mobile battery-drive equipment, home appliances, and housing and facility equipment. Sample shipments* start today with mass production scheduled for end of July.
TC78H630FNG has one H bridge with a 2A rating and is suitable for the large current drive of DC brushed motors. Additionally, making on-resistance[2] 0.4Ω (sum of upper and lower: typ.) in the motor driver output block allows the IC to realize a large current drive for motors.
http://mrem.bernama.com/viewsm.php?idm=28920
TC78H630FNG has one H bridge with a 2A rating and is suitable for the large current drive of DC brushed motors. Additionally, making on-resistance[2] 0.4Ω (sum of upper and lower: typ.) in the motor driver output block allows the IC to realize a large current drive for motors.
http://mrem.bernama.com/viewsm.php?idm=28920
A.M. BEST PLACES CREDIT RATINGS OF KB INSURANCE CO., LTD. UNDER REVIEW WITH POSITIVE IMPLICATIONS
HONG KONG, April 18 (Bernama-BUSINESS WIRE) -- A.M. Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of KB Insurance Co., Ltd. (KB Insurance) (South Korea).
The Credit Rating (rating) action follows KB Financial Group Inc.’s (KB Group) announcement on April 17, 2017, that it will acquire 60.19% of the outstanding shares of KB Insurance. The KB Group currently owns 39.81% of KB Insurance’s shares. The under review with positive implications status reflects the potential financial and operational benefits that KB Insurance could derive from being a member of the larger and more diverse KB Group.
A.M. Best expects to resolve the under review with positive implications status of the ratings following the completion of the discussions with management regarding the company’s business plans and the strategic role that KB Insurance will play in KB Group’s structure. Any actual or anticipated changes to KB Insurance’s financial profile will be reviewed to assess the impact on the company’s ratings. Additionally, A.M. Best will factor its view of KB Group’s credit profile into the final rating determination.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
A.M. Best expects to resolve the under review with positive implications status of the ratings following the completion of the discussions with management regarding the company’s business plans and the strategic role that KB Insurance will play in KB Group’s structure. Any actual or anticipated changes to KB Insurance’s financial profile will be reviewed to assess the impact on the company’s ratings. Additionally, A.M. Best will factor its view of KB Group’s credit profile into the final rating determination.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Sergio Agena, +852-2827-3407
Associate Financial Analyst
sergio.agena@ambest.com
or
Seewon Oh, +852-2827-3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Christopher Sharkey, +1-908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1-908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Sergio Agena, +852-2827-3407
Associate Financial Analyst
sergio.agena@ambest.com
or
Seewon Oh, +852-2827-3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Christopher Sharkey, +1-908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1-908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Source: A.M. Best
Tuesday 18 April 2017
IE EXPO CHINA 2017, MORE THAN AN EXHIBITION FOR ENVIRONMENTAL INDUSTRY
– 100,000m2 of exhibition area featuring 9 Halls
– 1,500+ exhibitors and 48,000+ professional visitors expected
– 200+ concurrent meetings and symposiums featuring 200+ speakers from the business
SHANGHAI, April 18 (Bernama-BUSINESS WIRE) -- IE
expo China 2017, Asia’s largest and most influential environmental
exhibition, will be open on May 4-6, 2017 at Shanghai New International
Expo Centre. The 18th edition will be held in 9 exhibition halls
displaying cutting-edge technologies and the most innovative solutions
in areas including water & sewage treatment, waste management, site
remediation, air pollution control and air purification, along with
various concurrent meetings and symposiums.
At the 2017 edition
of IE expo China, visitors will see regular exhibitors including Veolia,
SUEZ, Huber, KSB, VAG, Andritz, Heyl, E+H, Dow, EISENMANN, Durr,
Heraeus, Zoomlion, BHS, ENSA, TITECH and ALLU. Apart from Italy,
Germany, USA, Japan, South Korea, Taiwan and Switzerland, EU, Denmark
and Austria will also set up pavilions.
IE expo China 2017 is
more than an exhibition. By holding a range of concurrent meetings and
symposiums, it will create an effective business and networking platform
for Chinese and international professionals in the environmental
sector.
The 3rd Innovation Pavilion and Exchange Symposium,
as one of the key activities during the event, aims to accelerate the
development of water technologies and connect innovative enterprises
with investors. Among companies from New Sky from the U.S. to Reali Technologies from the MENA (Middle East North Africa)
region, the organizer Isle Utilities will pick 8 of them to present
their cutting-edge innovations such as SulfurCycle-R Process and judge
which water technology best suits the Chinese market. Meanwhile, during
the International Business Matching session, overseas enterprises
will gather, including EU-SME Instrument – an organization that will
bring 15 delegations of EU SMEs and EU Government representatives to
meet with Chinese enterprises at EU-Pavilion.
IE expo Summit Forum will be upgraded to China Environmental Technology Conference 2017 with four new partners:
the ASEM Water Resources Research and Development Center, the China
Resource Recycling Association, German RETech Partnership and the
Foreign Economic Cooperation Office. Hot issues and best practices will
be discussed and shared at the Conference and 8 sub-sectors including
International Sector, Water Sector, Air Pollution Control & Air
Purification Sector, Waste Sector, Site Remediation Sector, Environment
Monitoring Sector, Innovative Technology Sector.
For free admission and other info, please visit: http://ie-expo.com.
Contacts
Messe Muenchen Zhongmao Co., Ltd.
Ketty ZHANG, +86-21-23521128 / 20205539
Fax: +86-21-23521088
ketty.zhang@mm-sh.com
Source: Messe Muenchen Zhongmao Co., Ltd.
IE EXPO CHINA 2017, MORE THAN AN EXHIBITION FOR ENVIRONMENTAL INDUSTRY
– 1,500+ exhibitors and 48,000+ professional visitors expected
– 200+ concurrent meetings and symposiums featuring 200+ speakers from the business
SHANGHAI, April 18 (Bernama-BUSINESS WIRE) -- IE
expo China 2017, Asia’s largest and most influential environmental
exhibition, will be open on May 4-6, 2017 at Shanghai New International
Expo Centre. The 18th edition will be held in 9 exhibition halls
displaying cutting-edge technologies and the most innovative solutions
in areas including water & sewage treatment, waste management, site
remediation, air pollution control and air purification, along with
various concurrent meetings and symposiums.
At the 2017 edition
of IE expo China, visitors will see regular exhibitors including Veolia,
SUEZ, Huber, KSB, VAG, Andritz, Heyl, E+H, Dow, EISENMANN, Durr,
Heraeus, Zoomlion, BHS, ENSA, TITECH and ALLU. Apart from Italy,
Germany, USA, Japan, South Korea, Taiwan and Switzerland, EU, Denmark
and Austria will also set up pavilions.
IE expo China 2017 is
more than an exhibition. By holding a range of concurrent meetings and
symposiums, it will create an effective business and networking platform
for Chinese and international professionals in the environmental
sector.
The 3rd Innovation Pavilion and Exchange Symposium,
as one of the key activities during the event, aims to accelerate the
development of water technologies and connect innovative enterprises
with investors. Among companies from New Sky from the U.S. to Reali Technologies from the MENA (Middle East North Africa)
region, the organizer Isle Utilities will pick 8 of them to present
their cutting-edge innovations such as SulfurCycle-R Process and judge
which water technology best suits the Chinese market. Meanwhile, during
the International Business Matching session, overseas enterprises
will gather, including EU-SME Instrument – an organization that will
bring 15 delegations of EU SMEs and EU Government representatives to
meet with Chinese enterprises at EU-Pavilion.
IE expo Summit Forum will be upgraded to China Environmental Technology Conference 2017 with four new partners:
the ASEM Water Resources Research and Development Center, the China
Resource Recycling Association, German RETech Partnership and the
Foreign Economic Cooperation Office. Hot issues and best practices will
be discussed and shared at the Conference and 8 sub-sectors including
International Sector, Water Sector, Air Pollution Control & Air
Purification Sector, Waste Sector, Site Remediation Sector, Environment
Monitoring Sector, Innovative Technology Sector.
For free admission and other info, please visit: http://ie-expo.com.
Contacts
Messe Muenchen Zhongmao Co., Ltd.
Ketty ZHANG, +86-21-23521128 / 20205539
Fax: +86-21-23521088
ketty.zhang@mm-sh.com
Source: Messe Muenchen Zhongmao Co., Ltd.
IE EXPO CHINA 2017, MORE THAN AN EXHIBITION FOR ENVIRONMENTAL INDUSTRY
ACCA ANNOUNCES INAUGURAL ACCA RECOGNISED TUTOR TRAINING ACADEMY WITH INSPIRE
KUALA LUMPUR, April 18 (Bernama) -- ACCA (the Association of Chartered Certified Accountants) launched its first ACCA Recognised Tutor Training Academy with the appointment of Inspire Professional Academy (INSPIRE) as an independent training centre to develop and nurture lecturers and individuals to become effective teachers of the ACCA Qualification.
Speaking at the launch, Leong Soo Yee, Asia Pacific director of ACCA, said: "This initiative is an answer to the Government's call to train more professional accountants to support Malaysia's progressive economy. We strongly believe it's essential to have the right number and right quality of tutors to support the rapidly growing number of students wishing to study ACCA and become professional accountants."
Speaking at the launch, Leong Soo Yee, Asia Pacific director of ACCA, said: "This initiative is an answer to the Government's call to train more professional accountants to support Malaysia's progressive economy. We strongly believe it's essential to have the right number and right quality of tutors to support the rapidly growing number of students wishing to study ACCA and become professional accountants."
BRAND UPGRADING : CHINESE AUTO GIANT JAC ANNOUNCES BOLD NEW BRANDING STRATEGY AT ANNUAL CONFERENCE
SUZHOU, China, April 17 (Bernama-BUSINESS WIRE) -- At the 2017 International Distributors’ Conference, held on April 16-19, JAC reaffirmed its plan to build a strong global brand by launching and implementing a new brand upgrade strategy which will be focused on three key areas: technological innovation on products upgrade, exports, and enhanced collaboration within the auto industry. An Jin, JAC Chairman, said, “A breakthrough is not necessarily a business expansion. It can be a brand upgrade. JAC’s breakthroughs are only made when JAC brands compete with Sino-foreign joint-venture brands.”
Products Upgrade
JAC’s product portfolio is in line with the philosophy of ‘Enhancing Energy Efficiency, Green Technology, and Safety with Intelligent Design.’ By investing in R&D, JAC has mastered three key technologies in batteries, electric motors and electric controls. JAC has sold over 35,000 units of new energy vehicles, with an accumulative driving mileage of more than 600 million kilometers.
JAC’s line of high-end products include the A60, N series light-duty trucks, and BEST coaches. In 2017, JAC plans to develop more high-end products, including the passenger vehicle masterpiece S7 SUV, along with the MPV M6 and K7 utility truck for commercial use.
Upwards and Outwards: A Global Strategy
JAC Motors’ global business model proved effective throughout 2016, with exports accounting for 8.2% of total sales – a figure set to rise to 10% in 2017. JAC Chairman An Jin pledged to further increase this figure to 20% over the coming years.
By sticking to a sales strategy that focuses on strategic markets, key demographics and consumer needs, JAC now has the 5th largest export volume in the auto industry, with JAC assembly lines and factories under construction in Kazakhstan, Algeria, Iran, Vietnam and Paraguay. After years of efforts, JAC has finally gained a foothold in the South American market, and is set to enter higher-end markets, such as Australia and New Zealand.
Collaboration is the Key
To seek more collaborations within the industry, JAC signed an agreement with NEXTEV in April 2016, in addition to a memorandum of cooperation with Volkswagen China. The partnership between JAC Motors, which has rich experience in the local electrical vehicle market, and Volkswagen, which has an extensive brand influence, proves to have created tremendous mutual benefits. An Jin stated, “As we hope to expand electric vehicle manufacturing, our doors are always open for widespread cooperation within the industry.”
About JAC Motors
JAC Motors is an automaker that develops full-line independent brand vehicles including light, medium and heavy trucks, sedans, MPV, SRV, buses, chassis, engineering machinery, engines, and gearboxes. Based in Hefei, China, the company’s research and development center drives its innovation. JAC also founded China’s first overseas research and development center in Turin Italy, and a second in Tokyo, Japan.
JAC’s product portfolio is in line with the philosophy of ‘Enhancing Energy Efficiency, Green Technology, and Safety with Intelligent Design.’ By investing in R&D, JAC has mastered three key technologies in batteries, electric motors and electric controls. JAC has sold over 35,000 units of new energy vehicles, with an accumulative driving mileage of more than 600 million kilometers.
JAC’s line of high-end products include the A60, N series light-duty trucks, and BEST coaches. In 2017, JAC plans to develop more high-end products, including the passenger vehicle masterpiece S7 SUV, along with the MPV M6 and K7 utility truck for commercial use.
Upwards and Outwards: A Global Strategy
JAC Motors’ global business model proved effective throughout 2016, with exports accounting for 8.2% of total sales – a figure set to rise to 10% in 2017. JAC Chairman An Jin pledged to further increase this figure to 20% over the coming years.
By sticking to a sales strategy that focuses on strategic markets, key demographics and consumer needs, JAC now has the 5th largest export volume in the auto industry, with JAC assembly lines and factories under construction in Kazakhstan, Algeria, Iran, Vietnam and Paraguay. After years of efforts, JAC has finally gained a foothold in the South American market, and is set to enter higher-end markets, such as Australia and New Zealand.
Collaboration is the Key
To seek more collaborations within the industry, JAC signed an agreement with NEXTEV in April 2016, in addition to a memorandum of cooperation with Volkswagen China. The partnership between JAC Motors, which has rich experience in the local electrical vehicle market, and Volkswagen, which has an extensive brand influence, proves to have created tremendous mutual benefits. An Jin stated, “As we hope to expand electric vehicle manufacturing, our doors are always open for widespread cooperation within the industry.”
About JAC Motors
JAC Motors is an automaker that develops full-line independent brand vehicles including light, medium and heavy trucks, sedans, MPV, SRV, buses, chassis, engineering machinery, engines, and gearboxes. Based in Hefei, China, the company’s research and development center drives its innovation. JAC also founded China’s first overseas research and development center in Turin Italy, and a second in Tokyo, Japan.
Contacts
JAC Motors
Crystal Feng, +86-551-62296885
jacmotors@jac.com.cn
http://jacen.jac.com.cn/showroom/s5.html
http://goal.jac.com.cn/
Crystal Feng, +86-551-62296885
jacmotors@jac.com.cn
http://jacen.jac.com.cn/showroom/s5.html
http://goal.jac.com.cn/
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51541481&lang=en
--BERNAMA
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