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ACN Newswire press release news - Recent Press Releases

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    - MHI and MHPS will establish new Power & Energy Solutions Business (PESB) Divisions and Headquarters respectively from January 1, 2018.
    - New structures will focus on utilization of proprietary AI/IoT technologies, such as "ENERGY CLOUD" and "MHPS-TOMONI"
    - MHI and MHPS target development of more advanced and integrated services based on customer needs and changing energy market



    TOKYO, Dec 8, 2017 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) will establish new organizational structures in a move to strengthen their capabilities in energy-related business solutions, effective January 1, 2018. Utilizing MHI Group's most advanced proprietary technology in task analysis and energy services, the two companies aim to go beyond product supply and deliver comprehensive solutions and support to customers.

    MHI and MHPS will establish a Power & Energy Solution Business (PESB) Division and Headquarters respectively. The two new organizational structures will work closely together to develop solutions that respond to major changes in the energy sector, such as environmental issues and deregulation of the power industry. The two companies will gather and meticulously analyze information on the issues and needs of the customer. They will then use this to build an enhanced portfolio of solutions, incorporating not only technologies and products, but also services such as operations, maintenance and financing.

    Solutions will be devised that make full use of AI and IoT(1) technologies, incorporating the deep expertise of the MHI Group. For example, MHI's "ENERGY CLOUD", is a proprietary energy solution service that is able to accurately predict and detect customers' energy usage and equipment operating status with outstanding precision. "MHPS-TOMONI"(2) is MHPS's digital solution service that enables more advanced and streamlined operations of thermal power plants, through close communication with the customer. The MHI Group has the advantage of making more realizable and practical proposals by utilizing know-how of manufacturing and abundant knowledge of energy equipment.

    The new organization has adopted a new solution service process known as "CAP-D". "C" stands for "communication" with the customer and the market. "A" stands for "analysis" in order to provide optimal solutions. "P" stands for "product", and finding the exact products and technologies to resolve the customer's needs. Finally, "D" stands for "delivery of service", and the provision of compound services. Going forward, the MHI Group will apply this to its energy business to provide new value both to customers and to social infrastructure as a whole.

    (1) AI: artificial intelligence, IoT: Internet of Things.
    (2) "MHPS-TOMONI" is the new name of an upgraded version, launched in March, of a previously offered digital solution service, whose scope has included joint menu development together with domestic and overseas power providers and provision of solutions to power plants. Under MHPS's new PESB Headquarters, all services from menu development to solution provision will be handled integrally, and solution provision capability itself will be further enhanced.

    About Mitsubishi Heavy Industries, Ltd.

    Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the world's leading industrial firms with 80,000 group employees and annual consolidated revenues of around 38 billion U.S. dollars. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI owns a unique business portfolio covering land, sea, sky and even space. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems.
    For more information, please visit the MHI Group website: http://www.mhi-global.com.
    For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: http://spectra.mhi.com.

    Contact:
    Joseph Hood, PR Manager Mitsubishi Heavy Industries, Ltd. Email: mhi-pr@mhi.co.jp Tel: +81-(0)3-6716-2168 Fax: +81-(0)3-6716-5860

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    SAN FRANCISCO, CA, Dec 8, 2017 - (ACN Newswire) - All-Asia institutional equities broker Decker & Co. hosted Cirtek Holdings Philippines Corp (TECH.PM) for the company's first U.S. non-deal roadshow, concluding today. Vice Chairman Jojo Dispo and CFO Tony Buyawe represented Cirtek in the meetings with emerging-market fund managers.

    "Given Cirtek's landmark acquisition this year of leading U.S. multiport antenna solutions provider Quintel, it's no surprise investors are interested in hearing more of its growth story, including potential further acquisitions," said Mark Decker, founder and CEO of Decker & Co., which has offices in the U.S. and Asia. "We are honored to host Cirtek on its first-ever trip of this kind to the U.S."

    Cirtek's acquisition of Quintel - which makes products used by major telecommunications companies in the U.S. - gives Cirtek another leg of growth given Quintel's industry-leading technology in wireless infrastructure.

    Founded in 1984, Cirtek is the largest independent semiconductor assembly and test packaging services company in the Philippines. It has a proven track record in the design, manufacture, test and assembly of radio frequency, microwave, millimeter wave technology. Cirtek has a strong sales presence in the U.S. and is seeking to extend its reach in Latin America and Asia, especially ASEAN countries. See www.cirtekholdings.com.

    About Decker & Co.
    Decker & Co. is the leading Asia specialist brokerage based in the U.S. and will soon be the only boutique brokerage covering all of Asia. Its principals have been among the leading experts in Asian markets since the 1990s. Learn more at www.deckerco.com.

    Safe Harbor
    The information in this release may be based on management forecasts and reflects prevailing conditions and our views as of this date, all of which are accordingly subject to change. Past performance is not an indication of future performance.

    Contact:
    Ben Bishop,
    The Lowe Group
    T: +1-414-777-1880
    E: ben@lowecom.com



    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Masan Group is Vietnam's largest conglomerate; holds a stake in Techcombank



    SAN FRANCISCO, CA, Dec 8, 2017 - (ACN Newswire) - All-Asia institutional equities broker Decker & Co. hosted Masan Group Corporation (MSN.VN) and management team members from Vietnam's Techcombank in a U.S. non-deal roadshow concluding today. Masan Group, Vietnam's largest conglomerate, owns 26% of Techcombank, Vietnam's largest private bank.

    "Strong investor interest in Techcombank, given its status as Vietnam's fastest-growing consumer bank and its planned initial public offering, comes as no surprise given its growth potential and the outperformance of Vietnamese consumer stocks in general," said Mark Decker, founder and CEO of Decker & Co., which has offices in the U.S. and Asia. "We are honored to host management from both Techcombank and Masan Group in the U.S."

    Vietnam is an underpenetrated banking market with a middle class expected to double to 33 million people by 2020, providing significant opportunities in the financial sector. As the fastest-growing consumer bank, Techcombank is seen as poised for strong future growth as Vietnam's financial inclusion accelerates.

    In addition to its stake in Techcombank, Masan Group is active in other consumer segments, including food and beer, and in mining. See www.masangroup.com.

    About Decker & Co.
    Decker & Co. is the leading Asia specialist brokerage based in the U.S. and will soon be the only boutique brokerage covering all of Asia. Its principals have been among the leading experts in Asian markets since the 1990s. Learn more at www.deckerco.com.

    Safe Harbor
    The information in this release may be based on management forecasts and reflects prevailing conditions and our views as of this date, all of which are accordingly subject to change. Past performance is not an indication of future performance.

    Contact:
    Ben Bishop,
    The Lowe Group
    T: +1-414-777-1880
    E: ben@lowecom.com


    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Japan's TEPCO takes stake from Renewable Energy Systems Americas (RES) in an Ohio-based battery storage project to provide frequency regulation in PJM network



    TOKYO, Dec 8, 2017 - (JCN Newswire) - TEPCO Holdings, the Tokyo-based electric power company, announced today it has acquired from Colorado-based Renewable Energy Systems Americas Inc. (RES), 50 percent interests of Battery Utility of Ohio, LLC (BUO), that provides frequency regulation services to PJM, a regional U.S. transmission network operator. TEPCO, through the acquisition, and RES will each own 50 percent of BUO.

    BUO uses a battery storage system manufactured by BYD America, a large Chinese battery supplier, along with the RESolve(R) control and monitoring software developed by RES, and provides balancing services to PJM, which coordinates the movement of wholesale electricity in all or parts of 13 states and the District of Columbia. Acting as a neutral, independent party, PJM operates a competitive wholesale electricity market and manages the high-voltage electricity grid.

    TEPCO expects to use the knowledge and technological expertise it gains through this relationship to provide trading and balancing resources to the newly deregulated electricity distribution market in Japan by 2020.

    "Battery storage facilities, similar to the BUO project, provide fast-response frequency regulation service to help electric grid operators manage the quick reconciliation between load and generation across the grid," said Graham Reid, RES CEO, Americas. "Energy storage, as well as renewable energy projects, continue to lead us to a future where everyone has access to affordable low-carbon energy."

    "We are pleased to be partnering with RES, and this is essential for TEPCO to accelerate the transformation of the energy industry and the evolution of its businesses with advanced and environmentally friendly technology", TEPCO Managing Executive Officer Shinichiro Kengaku said, "TEPCO looks forward to creating additional innovative business opportunities overseas."

    About TEPCO

    Tokyo Electric Power Company Holdings, Inc. (TSE: 9501), headquartered in Tokyo, Japan, is the largest utility in Japan serving millions of homes and businesses. Worldwide the company has more than 34 subsidiaries and 32 affiliates in 8 countries and employs approximately 42,060 people. Consolidated revenue for the fiscal year ending March 31, 2017, totaled 5.3 trillion Japanese yen. The company was established in 1951 and is listed on the First Section of the Tokyo Stock Exchange. For more information, visit http://www.tepco.co.jp/en/corpinfo/index-e.html

    About RES in the Americas

    Since 1997, RES has been providing development, engineering, construction, and operations services to the energy storage, solar, transmission, and wind markets across the Americas. The company has constructed more than 9,000 MW of renewable energy and energy storage projects and over 1,000 miles of transmission lines, including the 214 mile MATL project, throughout Canada and the U.S. RES' energy storage expertise includes 240MW/275MWh and over 18 projects, including the first non-recourse debt financing for a project.

    RES' corporate office in U.S. is located in Broomfield, CO with regional offices located in Austin, TX; Minneapolis, MN; Old Saybrook, CT; and Sacramento, CA. Globally, RES has developed and/or built over 12 GW of renewable energy capacity, has an asset management portfolio exceeding 2 GW, and is active in a range of renewable technologies including wind, solar, energy storage, and transmission. For more information visit http://www.res-group.com/en/.

    About PJM Interconnection

    PJM Interconnection is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.

    Acting as a neutral, independent party, PJM operates a competitive wholesale electricity market and manages the high-voltage electricity grid to ensure reliability for more than 65 million people.

    PJM's long-term regional planning process provides a broad, interstate perspective that identifies the most effective and cost-efficient improvements to the grid to ensure reliability and economic benefits on a system wide basis. For more information, go to www.pjm.com

    About BYD

    BYD's mission is to solve our global energy challenge of reducing dependence on fossil fuels for transportation and power production. This model has made BYD an industry pioneer and leader in several high-tech sectors including high-efficiency automobiles, electrified public transportation and medium- and heavy-duty trucks, electric forklifts, energy storage, and solar power generation.

    As the world's largest manufacturer of rechargeable batteries, their mission to create safer and more environmentally friendly battery technologies has led to the development of the BYD Iron Phosphate Battery. This fire-safe, completely recyclable and incredibly long-cycle technology has become the core of their clean energy platform that has expanded into automobiles, buses, trucks, utility vehicles and energy storage facilities. BYD and its shareholders, including Warren Buffett, see these environmentally and economically forward products as the way of the future. For more information, visit www.byd.com/usa/energy.

    Image: https://www.acnnewswire.com/topimg/TEPCO_RES.jpg

    
    
    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    HONG KONG, Dec 11, 2017 - (ACN Newswire) - The inaugural Yidan Prize laureates, Professor Carol S. Dweck of Stanford University and Ms Vicky Colbert, founder and director of Fundacion Escuela Nueva, Colombia, were presented with awards on Sunday (Dec.10) at the Yidan Prize 2017 Award Presentation Ceremony in Hong Kong. Each of the Yidan laureates will receive HK$30 million in recognition of their distinguished contributions to global education, and to help fund their future work.

    Professor Dweck, Lewis and Virginia Eaton Professor of Psychology at Stanford University, received the Yidan Prize for Education Research. Her groundbreaking research on the power of the "growth mindset", based upon the belief that intelligence is not fixed and can be developed over time, has become an influential concept in the field of education.

    "It is a great honor to receive the Yidan Prize for Education Research and I accept it on behalf of my extraordinary students and colleagues. It is their work as much as mine. It is critical for educators to know that we cannot nourish the mind without the heart. We cannot expect good learning - joyful and effective learning - to happen in a mind that is disconnected from the heart. And we cannot expect our students to create the world of tomorrow, the world that we hope for, without a heart-mind that connects them to each other, to the larger society, and to the planet as a whole," said Dweck

    Ms Colbert, founder and director of Fundacion Escuela Nueva, Colombia, was awarded the Yidan Prize for Education Development. Her project Escuela Nueva ("New School" in Spanish) has improved the quality of education at rural public schools in Colombia since the mid-1970s. The pedagogical model has also been adopted by 14 countries, reaching over 5 million children.

    "I am honored and deeply moved to receive this prestigious education Yidan Prize for Education Development. The recognition that we receive through this prestigious award is a further motivation to continue our commitment to the cause of basic education of high quality for all children. At Escuela Nueva Foundation, in Colombia and many other countries of the world we work to establish affordable schools of excellent quality where children, teachers and parents are empowered to learn and contribute to a culture of peace and citizenship in their environment," Colbert said.

    Presenting the awards, The Honorable Mrs Carrie Lam, GBM, GBS, Chief Executive of HKSAR, said: "The Yidan Prize gives us much to look forward to in education excellence. And for this, I am grateful to Dr Chen, the Yidan Prize Foundation and the international judging committee for their commitment to global education and educators, and for their contribution to the sustainable development of the world we live in. My congratulations again to this year's laureates, Professor Dweck and Ms Colbert, for their distinguished achievements. Working together, I know we can create a better world through education."

    Dr Charles Chen Yidan, founder of the Yidan Prize, said: "The Yidan Prize aims to empower educators to transcend religion, race and nationality, to exert far-reaching, positive influence over humanity, and ultimately, to help create a better world. I hope that their practical experience and research findings can be applied more extensively, expanding their impact, and benefiting more people."

    The laureates are selected by a judging committee chaired by Dr Koichiro Matsuura, former director-general of UNESCO, comprising of two independent judging panels. Professor Paul Chu Ching-wu, Professor of Physics, T.L.L Temple Chair of Science, University of Houston, heads the Yidan Prize for Education Research panel. Dorothy K. Gordon, former director-general of the Ghana-India Kofi Annan Centre of Excellence in ICT, leads the Yidan Prize for Education Development panel.

    About Yidan Prize
    The Yidan Prize recognizes and supports change makers with forward looking innovations that create a sustainable impact on education systems, for a better future. The Prize, financed and governed by a HK$2.5 billion (US$320 million) independent trust, comprises two categories - the Yidan Prize for Education Research and the Yidan Prize for Education Development.

    Each prize carries an award of HK$30 million (US$3.87 million) - a cash award of HK$15 million (US$1.9 million) with HK$15 million (US$1.9 million) in project funds - and a gold medal. Through a series of initiatives, the Prize serves to provide a platform for the global community to engage in conversation around education and play a role in education philanthropy.

    The Yidan Prize, the world's largest education prize, was founded by Dr Charles Chen Yidan, a core founder of Tencent Holdings Limited. For more information, please visit www.yidanprize.org.

    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Figure 1 : Use of WAN acceleration technology in a cloud environment
    Figure 2 : Implementation of WAN acceleration processing using server equipped with FPGA
    Figure 3 : Summary of the method for reducing overhead between CPU and FPGA
    Figure 4 : Sample evaluation results using trial data
    Industry's fastest effective transfer rate of up to 40Gbps, over a 10Gbps line

    TOKYO, Dec 11, 2017 - (JCN Newswire) - Fujitsu Laboratories Ltd. today announced the development of WAN acceleration technology that can deliver transfer speeds up to 40Gbps for migration of large volumes of data between clouds, using servers equipped with field-programmable gate arrays (FPGAs).

    Connections in wide area networks (WANs) between clouds are moving from 1Gbps lines to 10Gbps lines, but with the recent advance of digital technology, including IoT and AI, there is an even greater demand for faster high-speed data transfers as huge volumes of data are collected in the cloud. Until now the effective transfer speed of WAN connections has been raised using techniques to reduce the volume of data, such as compression and deduplication. However, with WAN lines of 10Gbps there are enormous volumes of data to be processed, and existing WAN acceleration technologies usable in cloud servers have not been able to sufficiently raise the effective transfer rate.

    Fujitsu Laboratories has now developed WAN acceleration technology capable of real-time operation even with speeds of 10Gbps or higher. WAN acceleration technology is achieved with a dedicated computational unit specialized for a variety of processing, such as feature value calculations and compression processing, mounted onto an FPGA equipped on a server, and in tandem with this, by enabling highly parallel operation of the computational units by supplying data at the appropriate times based on the predicted completion of each computation.

    In a test environment where this technology was deployed on servers that use FPGAs, and where the servers were connected with 10Gbps lines, Fujitsu Laboratories confirmed that this technology achieved effective transfer rates of up to 40Gbps, the highest performance in the industry. With this technology, it has become possible to transfer data at high-speeds between clouds, including data sharing and backups, enabling the creation of next-generation cloud services that share and utilize large volumes of data across a variety of companies and locations.

    Fujitsu Laboratories aims to deploy this technology, capable of use in cloud environments, as an application loaded on an FPGA-equipped server. It is continuing evaluations in practical environments with the goal of commercializing this technology during fiscal 2018.

    Fujitsu Laboratories will announce details of this technology at the 2017 International Conference on Field-Programmable Technology (FPT 2017), an international conference to be held in Melbourne, Australia on December 11-13.

    Development Background

    As the cloud has grown in recent years, there has been a movement to increase data and server management and maintenance efficiency by migrating data (i.e., internal documents, design data, and email) that had been managed on internal servers to the cloud. In addition, as shown by the spread in the use of digital technology such as IoT and AI, there are high expectations for the ways that work and business will be transformed by the analysis and use of large volumes of data, including camera images from factories and other on-site locations, and log data from devices. Given this, there has been explosive growth in the volume of data passing through WAN lines between clouds, spurring a need for next-generation WAN acceleration technology capable of huge data transfers at high-speed between clouds.

    http://www.acnnewswire.com/topimg/Low_Fujitsu121117WANFig1.jpg
    Figure 1 : Use of WAN acceleration technology in a cloud environment

    Issues

    WAN acceleration technologies improve effective transfer speeds by reducing the volume of data through compression or deduplication of the data to be transferred. When transferring data at even higher speeds using 10Gbps network lines, the volume of data needing to be processed is so great that the compression and deduplication processing speed in the server bottlenecks. Therefore, in order to improve real-time operation, there is a need for either CPUs that can operate at higher speeds, or for WAN acceleration technology with faster processing speeds.

    About the Newly Developed Technology

    Fujitsu Laboratories has now developed WAN acceleration technology that can achieve real-time operation usable in the cloud even with speeds of 10Gbps or more, using server-mounted FPGAs as accelerators. Efficient operations with WAN acceleration technology are accomplished by using an FPGA to process a portion of the processing for which the computation is heavy and for which it is difficult to improve processing speed in the CPU, when performing compression or deduplication for WAN acceleration processing, and by efficiently connecting the CPU with the FPGA accelerator. Details of the technology are as follows.

    1. FPGA parallelization technology using highly parallel dedicated computational units

    Fujitsu Laboratories has developed FPGA parallelization technology that can significantly reduce the processing time required for data compression and deduplication by deploying dedicated computational units specialized for data partitioning, feature value calculation, and lossless compression processing in a FPGA in a highly parallel configuration, and by enabling highly parallel operation of the computational units by delivering data at the appropriate times based on predictions of the completion of each calculation.

    http://www.acnnewswire.com/topimg/Low_Fujitsu121117WANFig2.jpg
    Figure 2 : Implementation of WAN acceleration processing using server equipped with FPGA

    2. Technology to optimize the flow of processing between CPU and FPGA

    Previously, in determining whether to apply lossless compression to data based on the identification of duplication in that data, it was necessary to read the data twice, both before and after the duplication identification was executed on the FPGA, increasing overhead and preventing the system from delivering sufficient performance. Now, by consolidating the processing handoff onto the FPGA, handling both the preprocessing for duplication identification and the compression processing on the FPGA, and using a processing sequence that controls how the compression processing results are reflected on the CPU based on the results of the duplication identification, this technology reduces the overhead between the CPU and FPGA from reloading the input data and from control exchanges. This reduces the waiting time due to the handoff of data and control between the CPU and FPGA, delivering efficient coordinated operation of the CPU and FPGA accelerator.

    http://www.acnnewswire.com/topimg/Low_Fujitsu121117WANFig3.jpg
    Figure 3 : Summary of the method for reducing overhead between CPU and FPGA

    Effects

    Fujitsu Laboratories deployed this newly developed technology in servers installed with FPGAs, confirming acceleration approximately thirty times the performance of CPU processing alone. Fujitsu Laboratories evaluated the transfer speed for a high volume of data in a test environment where the servers were connected with 10Gbps connections, and in a test simulating the regular backup of data, including documents and video, confirmed that this technology achieved transfer speeds up to 40Gbps, an industry record. This technology has significantly improved data transfer efficiency over WAN connections, enabling high-speed data transfers between clouds, such as data sharing and backups, making possible the creation of next-generation cloud services that share and use large volumes of data between a variety of companies and locations.

    http://www.acnnewswire.com/topimg/Low_Fujitsu121117WANFig4.jpg
    Figure 4 : Sample evaluation results using trial data

    Future Plans

    Fujitsu Laboratories will continue to evaluate this technology in practical environments, deploying this technology in virtual appliances that can be used in cloud environments. Fujitsu Laboratories aims to make this technology available as a product of Fujitsu Limited during fiscal 2018.

    About Fujitsu Laboratories

    Founded in 1968 as a wholly owned subsidiary of Fujitsu Limited, Fujitsu Laboratories Ltd. is one of the premier research centers in the world. With a global network of laboratories in Japan, China, the United States and Europe, the organization conducts a wide range of basic and applied research in the areas of Next-generation Services, Computer Servers, Networks, Electronic Devices and Advanced Materials. For more information, please see: http://www.fujitsu.com/jp/group/labs/en/.

    About Fujitsu Ltd

    Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 155,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.5 trillion yen (US$40 billion) for the fiscal year ended March 31, 2017. For more information, please see http://www.fujitsu.com.

    * Please see this press release, with images, at:
    http://www.fujitsu.com/global/about/resources/news/press-releases/

    Contact:
    Fujitsu Laboratories Ltd. Computer Systems Laboratory E-mail: wanopt_pr@ml.labs.fujitsu.com Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL: www.fujitsu.com/global/news/contacts/

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    SEOUL, KOREA, Dec 11, 2017 - (ACN Newswire) - Suprema, Inc., a leading global provider of biometrics and security technologies, today announced that the company has been recognized as one of the top 50 largest security company in A&S's 2017 Security 50 rankings. In this year's rankings, Suprema moved up in its ranking from 31st to 30th with its 2016 annual revenue of US$66.2 million. Since 2011, Suprema has been ranked in Security 50 for 7 consecutive years and is the only dedicated biometrics company in 2016 rankings.

    The Security 50 from A&S magazine is an annual rankings of publicly listed physical security manufacturers around the globe solely based on their financial performance (sales revenue). On the rankings, companies' businesses range from biometrics, access control, video surveillance, alarms and integrated security solutions.

    In the 2017 Security 50 rankings, Suprema is the only dedicated biometrics company among the 'Access Control Product Group', and Suprema ranked 4th in Access Control rankings after multi-nationals including Assa Abloy, Allegion and Nedap.

    "We are thrilled to be recognized as one of the key player in security industry by listing our name on the prestigious 2017 Security 50 rankings. This is an incredible reflection of overarching vision and innovations of Suprema's technology, products and solutions. When it comes to biometrics, the market focus is shifting from technological advances to user convenience while user acceptance is rapidly growing with widespread of biometrics-enabled smartphones.

    "As credential management and interoperability are becoming more important, we will put more effort into better delivering identity management solutions while maintaining the best-available biometric technologies over the competition," said Brian Song, CEO at Suprema.

    About Security 50

    Security 50, conducted by a&s International, is one of the most comprehensive and influential reports in the industry that ranks the top security manufacturers in the world. The annual Security 50 ranking is based upon product sales revenue, gross profit, and profit margin during the previous fiscal year. To find out the full list of 2017 Security 50 Rankings, please visit https://goo.gl/81fQev.

    About Suprema Inc.

    Suprema is a leading global provider of biometrics and security technology. By combining world renowned biometric algorithms with superior engineering, Suprema continually designs and develops industry leading products and solutions. Suprema's extensive range of portfolio includes biometric access control systems, time & attendance solutions, fingerprint live scanners, mobile authentication solutions and embedded fingerprint modules. Suprema has worldwide sales network in over 130 countries and is one of the world's Top 50 security company in its turnover (ranked in A&S's Security 50, 2010-2017). For more information, please visit www.supremainc.com.

    Contact:
    Andy Ahn Head of Marketing, Suprema Inc. Email: andyahn@suprema.co.kr

    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    HONG KONG, Dec 11, 2017 - (ACN Newswire) - Hong Kong Investor Relations Association (HKIRA), a professional association dedicated to promoting the profession of investor relations to international standards, is pleased to announce today the launch of "Investor Relations Best Practice Guide," its first book since the association's establishment. The book offers a closer look at the work nature of the investor relations (IR) industry in Hong Kong with practical tips and advice based on real-life experiences from IR professionals at Hong Kong's listed companies.

    Dr. Eva Chan, Founding Chairman of HKIRA, said, "HKIRA is proud to launch its first publication. Since we established the Association in 2008, we have seen prominent growth of the IR industry in Hong Kong, and it is our mission to advance the practice of investor relations as well as the professional competence and status of our members. This Guide gives tips and suggestions based on real-life experience from our IR Panel members. They are all from local listed companies of various cap size and sectors, and are well-sophisticated in this surging capital market. We believe this Guide offers a valuable and practical support to listed companies."

    Through collaboration from contributors of various listed companies, the book provides a clear guidance on the best steps to take in different scenarios and tools that IR professionals used to communicate investment proposals and build comprehensive IR programmes for their companies. As an organisation dedicated to promoting excellence in investor relations in Hong Kong, HKIRA strives to advocate the setting of international standards in IR education as well as advance best IR practices to meet the professional development needs of IR professionals.

    Mr Paul Kennedy, Group Chief Financial Officer of Hong Kong Exchanges and Clearing Limited said, "It is with great pleasure that I recommend the Investor Relations Best Practice Guide to you. I trust that you will find it helpful in achieving our shared objectives, enhancing both the understanding of our own individual organisations and also contributing to that of the Hong Kong equity market as a whole."

    Besides IR professionals, the guide could also benefit other functions in the company as well as those who are interested to start a career in investor relations. The guide not only helps familiarise new IR officers with the industry and practices in Hong Kong, it also helps senior management understand the functions and importance of an in-house IR team, and how different internal parties should collaborate to deliver the best IR and highlight the company's value.

    Mr. Eric Yau, Head of Investor Relations and Corporate Finance of Link REIT, said, "Institutional and retail investors in the Hong Kong stock market are very seasoned. They have a wealth of experience and will make thorough analyses before they make any investment decisions. Investor relations is an important link between the company and its investors, especially in challenging capital markets. IR enables the investment community to have a full appreciation of the company's strategy, business activities, financial performance, and value drivers."

    "Investor Relations Best Practice Guide" will be available on HKIRA official website and accessible in public and university libraries. To coincide with the book launch, HKIRA has organised a conference on the same day under the topic of "Sustainability of Investor Relations".

    (Remarks: The conference is only open to IR practitioners in listed companies, and the media is not allowed.)

    "Investor Relations Best Practice Guide" covers topics including:
    1. Stakeholders - how to deal with buy/sell side investors, the media, credit rating agencies and debt investors
    2. Investor Relations Partners - how to deal with company management, internal network, registrar and financial PR firms/ IR consultancies
    3. Building IR Programmes - how to formulate investment propositions, regulatory disclosure issues, IR websites and more
    4. Others - including sustainability and black out period

    Quick facts about the book:
    Book Title: Investor Relations Best Practice Guide
    Contributors:
    Lisa Lai China Telecom Corporation Ltd
    Danita On Chow Tai Fook Jewellery Group Ltd
    Angus Guthrie CLP Holdings Ltd
    Johnson Choi Hong Kong Exchanges and Clearing Ltd
    Hugh Pye HSBC Holdings plc
    Gary Ng Lenovo Group Ltd
    Alison Law Li & Fung Ltd
    Eric Yau Link Asset Management Ltd
    Tiffany Cheung Sa Sa International Holdings Ltd
    Edwin Hui Standard Chartered Bank (Hong Kong) Ltd
    Language: English
    ISBN: 978-988-78614-0-9
    Retail Price: HK$300

    About HKIRA
    Hong Kong Investor Relations Association (HKIRA) is a professional association comprising investor relations (IR) practitioners and corporate officers responsible for communication between corporate management and the investment community. HKIRA advocates the setting of international standards in IR education, advances the best IR practices and meets the professional development needs of those interested in pursuing the investor relations profession.

    HKIRA is dedicated to advancing the practice of IR as well as the professional competency and status of its members. To date, HKIRA has over 650 members most of whom are working for companies primarily listed on the Stock Exchange of Hong Kong. HKIRA's members are from a wide spectrum of professions including IR, finance, accounting, and company secretarial to corporate investment and hold positions at different corporate levels, including top executives responsible for IR and management of listed companies.

    For more information about HKIRA, please visit www.hkira.com.

    Media enquiries:
    Strategic Public Relations Group
    Cindy Lung Tel: +852 2864 4867 Email: cindy.lung@sprg.com.hk
    Jessica Siu Tel: +852 2114 2820 Email: jessica.siu@sprg.com.hk
    Adrianna Lau Tel: +852 2114 4987 Email: adrianna.lau@sprg.com.hk
    Website: www.sprg.asia

    Hong Kong Investor Relations Association
    Selina Li Tel: +852 2117 1846 Email: info@hkira.com




    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Secure reliable power supply
    - Provides Higher Initial Load, Enhanced Power during Outages and Improved BCP Readiness -

    TOKYO, Dec 11, 2017 - (JCN Newswire) - Toho Gas Co., Ltd. and Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET) have jointly developed a new 450kW gas engine cogeneration system that features a higher initial load than existing systems. Sales of the new product will commence on December 15.

    The new gas cogeneration system features more advanced control of engine frequency and generator voltage than previous models. Together these improvements enable an initial load after system startup of 180kW, the highest levels in a 400kW-class high-efficiency gas engine, while maintaining generating efficiency as high as 42%. This represents a near 33% improvement from the 135kW of the existing system, corresponding to 40% of rated load.

    The new specifications result in improved initial power supply capability during power outages, as well as further strengthening of readiness for BCP(1) operations compared to other systems.

    Toho Gas and MHIET will introduce the new system, which offers outstanding energy efficiency, in hospitals, commercial facilities, office buildings, factories, etc. The two partners will strive to promote more widespread adoption of gas cogeneration systems to make positive contributions to BCP, energy savings and environmental protection.

    External View of the Gas Engine
    http://www.acnnewswire.com/topimg/Low_MHI121117Gas.jpg

    Main Features

    1. More power, faster supply during emergencies
    By improving the frequency control of the engine and voltage control of the generator, an initial load after system startup of 180kW (40% of rated load) has been achieved-- the highest levels in a 400kW-class high-efficiency gas engine. This enables more and faster power supply and, compared to existing systems, also shorten the time to reach maximum power.

    http://www.acnnewswire.com/topimg/Low_MHI121117GasPower.jpg
    Secure reliable power supply

    2. Further improved power supply security
    The improved initial load has resulted in strengthening of the previously featured BOS function(2) . Furthermore, in this system, the new BOS function, in combination with the radiator cooling introduced earlier,(Note3) enables faster recovery of power supply to safety control systems, factories, office buildings, and other security facilities even during simultaneous power and water cutoffs during emergencies. The result is further improvement in power supply security.

    (1) BCP: Business Continuity Planning of actions to be taken at normal times as well as procedures to be followed during emergencies to ensure continuation of business operations through early restoration of key functions when regular business activities are interrupted by natural disasters etc.
    (2) BOS: blackout start: engine startup and power restoration, without use of an external power supply, during a power outage
    (3) See press release of May 31, 2017

    About Mitsubishi Heavy Industries, Ltd.

    Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the world's leading industrial firms with 80,000 group employees and annual consolidated revenues of around 38 billion U.S. dollars. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI owns a unique business portfolio covering land, sea, sky and even space. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems.
    For more information, please visit the MHI Group website: http://www.mhi-global.com.
    For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: http://spectra.mhi.com.

    Contact:
    Joseph Hood, PR Manager Email: mhi-pr@mhi.co.jp Tel: +81-(0)3-6716-2168 Fax: +81-(0)3-6716-5860

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    TOKYO, Dec 11, 2017 - (JCN Newswire) - Mitsubishi Corporation is pleased to announce that its 100% subsidiary, Marunouchi Infrastructure Inc. (MII), has launched Japan's first diversified infrastructure fund. The fund will invest in a portfolio of assets across all major infrastructure sectors.

    MII has established a limited partnership with commitments from institutional investors in Japan reaching more than JPY 30 billion on its first closing, and expects additional commitments to bring the Fund to its targeted JPY 50 billion in total in the first half of the next year. The Fund has a hard-cap of JPY 100 billion.

    The value of infrastructure assets held by the public sector in Japan, including the central and local governments, reaches several hundred trillion yen. The private sector also holds a large volume of infrastructure assets. Many of Japan's infrastructure assets, particularly those developed during the period of rapid economic growth between 1954 and 1973, will need to be refurbished and replaced in the coming decades.

    In addition, a large number of new infrastructure projects, including those related to the rapidly expanding renewable energy space, are now being developed. With governments trying to ease their fiscal burden and with companies aiming to concentrate on their core businesses, MC sees infrastructure funds playing a greater role in developing and maintaining Japan's infrastructure.

    MC and its subsidiaries have been the front runners among Japanese companies in managing investor capital and in executing investments in infrastructure assets overseas since 2012. Those investments have included electricity distribution networks, toll road related business and seaports, particularly in Europe and the U.S. With that proven track record, we are in a good position to leverage our investment management capabilities to successfully launch this Fund to invest in infrastructure in Japan.

    While most other infrastructure funds in Japan invest exclusively in renewable energy, the Fund is targeting all major infrastructure sectors, namely energy, transportation and utilities, making it the country's first diversified infrastructure fund. Through this initiative, MC is seeking an opportunity in developing and maintaining infrastructure in Japan, while at the same time simultaneously generating economic value, environmental value, and societal value through this Fund.

    About Mitsubishi Corporation

    Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.

    Contact:
    Mitsubishi Corporation Tel: +81-3-3210-2171 Fax: +81-3-5252-7705

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    SINGAPORE / TOKYO, Dec 11, 2017 - (JCN Newswire) - mybitwallet, a leading digital payment services provider, now offers a JPY/USD/EUR currency exchange service on a round-the-clock basis.

    This newly extended service allows users anywhere, from any location or time zone around the world, to transact anytime - between JPY, USD and EUR on the digital mybitwallet platform.

    mybitwallet users are able to exchange funds with just 2 simple steps:
    1. Select base currency and target currency from currencies (JPY/USD/EUR) on the platform.
    2. Enter the amount requested for an exchange of currency and submit.

    The currency exchange service is free for all mybitwallet users, with no additional service charges incurred. mybitwallet hopes the 24/7 currency exchange will provide a better payment experience to users worldwide.

    About mybitwallet

    mybitwallet, a leading digital Wallet payment solution, aims to provide the world's best multi-currency, real-time payment experience for all mybitwallet users - and the world's best payment solution experience across all industries.

    Introduced in 2016, mybitwallet is driven by a team of passionate disruptors determined to create a seamless payment platform for business owners and merchants around the world - and their clients.

    mybitwallet by E PROTECTIONS PTE LTD (Singapore, 2012). Visit mybitwallet at https://mybitwallet.com.

    Contact mybitwallet

    Jasmine Chang
    T: +65 6221 0111
    E: jasminechang@epro.sg

    Japan Customer Service
    T: +81 3 6893 0958
    E: info@mybitwallet.com


    
    
    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Welcome remarks by Dr Charles Chen Yidan
    Cherie Blair, Founder, Cherie Blair Foundation for Women
    Carol S. Dweck, Yidan Prize for Education Research Inaugural Laureate
    Vicky Colbert, Yidan Prize for Education Development Inaugural Laureate
    350 world leaders gather in H.K.on Monday to exchange insights and strategies towards redefining education of the future

    HONG KONG, Dec 12, 2017 - (ACN Newswire) - With today's educational systems remaining essential to preparing new generations for an increasingly complex and uncertain future, the largest international prize in education, the Yidan Prize, presented the inaugural Yidan Prize Summit towards navigating ways of revolutionizing education and driving mankind into an era of human-machine interdependence.

    With the theme "Education Redefined: The Future is Now", the summit brought together more than 350 global leaders including business leaders, policy makers, and senior representatives from multilaterals, NGOs and academia to discuss collaborating across sectors and responding to inexorable challenges by an innovative, sustainable, transformative and scalable approach.

    The event featured prominent speakers including the inaugural Yidan laureates, Professor Carol S. Dweck of Stanford University and Vicky Colbert, founder and director of Fundacion Escuela Nueva in Colombia, H.E Dr Ahmed Al-Eissa, Minister of Education, Saudi Arabia, Cherie Blair, Founder, Cherie Blair Foundation for Women, Dr Qian Tang, Assistant Director-General for Education, UNESCO, Jaime Saavedra, Senior Director, Education, World Bank Group, and among others, many distinguished businesses, academics and government officials.

    The day's summit offered a platform for outcome-driven dialogues around topics such as:

    - Classrooms of the Future: Implementing Innovative Learning - How can innovative educational technologies be integrated into today's classroom to create a more engaging, inspiring and effective learning experience?

    - Investing in Future-Ready Education - What are the opportunities for productive and mutually beneficial collaboration between investors and educators that will future-proof education for the younger generation?

    - Closing the Skills Gap in an Automated World - What can be done to fill the gap between the skills taught in school and those required for a vastly different marketplace of the future?

    - Everyone Counts - Education for All by 2030 - What needs to happen in the next 12 years to achieve this UN Sustainable Development Goals?

    "At the inaugural Yidan Prize Summit, we have a wealth of experience gathered, from those who work on the front lines teaching to research and practice innovation to those investing in EdTech to ease the way for great technologies to reach the market, to formulate education policies that affect the direction of education resources investment. Such multi-stakeholder dialogue is critical to redefining education for a better future," said Dr Charles Chen Yidan, Founder of the Yidan Prize and Core Founder of Tencent Holdings.

    At the award presentation on Sunday, the inaugural Yidan Prize laureates accepted the awards and a gold medal, each conferred by The Honorable Mrs Carrie Lam Cheng Yuet-ngor, GBM, GBS, Chief Executive of the Hong Kong Special Administrative Region.

    Nominations for the 2018 Yidan Prize are currently open, and will be accepted until March 31, 2018. To nominate, visit http://nomination.yidanprize.org.

    About Yidan Prize

    The Yidan Prize is founded by Dr Charles Chen Yidan, the core founder of Tencent Holdings Limited. The Prize aims to recognize and support change makers for their most forward looking innovation that can create sustainable impacts on education systems for a better future. The Prize comprises two categories - the Yidan Prize for Education Research and the Yidan Prize for Education Development.

    The Prize is financed and governed by a HK$2.5 billion (US$320 million) independent trust. Each prize carries an award of HK$30 million (US$3.87 million), being a cash award of HK$15 million (US$1.9 million) and a HK$15 million (US$1.9 million) project fund, and a gold medal. Through a series of initiatives, the prize serves to provide a platform that allows the global community to engage in conversation around education and to play a role in education philanthropy. For more information, please visit www.yidanprize.org.

    The 2017 Yidan Prize Award Ceremony was held on Sunday, December 10 at the Hong Kong Convention and Exhibition Center, the Yidan Prize Summit on Monday, December 11 at the Grand Hyatt Hong Kong. Details of the Summit at http://summit.yidanprize.org/.

    Media contacts
    Yidan Prize Foundation
    Lawrence Lui
    Tel: +852 2155 1582
    Email: summit@yidanprize.org

    Mikhailov & Partners
    Valya Plotnikova
    Tel: +7 495 956 39 72 (ext. 1187)
    Mob: +7 926 167 35 57
    Email: Plotnikova@m-p.ru


    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Masan Group is Vietnam's largest conglomerate; holds a stake in Techcombank

    SAN FRANCISCO, CA, Dec 12, 2017 - (ACN Newswire) - All-Asia institutional equities broker Decker & Co. hosted Masan Group Corporation (MSN.VN) and management team members from Vietnam's Techcombank in a U.S. non-deal roadshow concluding today. Masan Group, Vietnam's largest conglomerate, owns 26% of Techcombank, Vietnam's largest private bank.

    "Strong investor interest in Techcombank, given its status as Vietnam's fastest-growing consumer bank and its planned initial public offering, comes as no surprise given its growth potential and the outperformance of Vietnamese consumer stocks in general," said Mark Decker, founder and CEO of Decker & Co., which has offices in the U.S. and Asia. "We are honored to host management from both Techcombank and Masan Group in the U.S."

    Vietnam is an underpenetrated banking market with a middle class expected to double to 33 million people by 2020, providing significant opportunities in the financial sector. As the fastest-growing consumer bank, Techcombank is seen as poised for strong future growth as Vietnam's financial inclusion accelerates.

    In addition to its stake in Techcombank, Masan Group is active in other consumer segments, including food and beer, and in mining. See www.masangroup.com.

    About Decker & Co.
    Decker & Co. is the leading Asia specialist brokerage based in the U.S. and will soon be the only boutique brokerage covering all of Asia. Its principals have been among the leading experts in Asian markets since the 1990s. Learn more at www.deckerco.com.

    Safe Harbor
    The information in this release may be based on management forecasts and reflects prevailing conditions and our views as of this date, all of which are accordingly subject to change. Past performance is not an indication of future performance.

    Contact:
    Ben Bishop,
    The Lowe Group
    T: +1-414-777-1880
    E: ben@lowecom.com

    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Global Offering of 100,000,000 Shares; Offer Price Ranges from HK$1.0 to HK$1.20 per Share

    HONG KONG, Dec 12, 2017 - (ACN Newswire) - Vicon Holdings Limited ("Vicon" or the "Group"), a specialist foundation contractor focusing on design-and-build foundation projects in Hong Kong private sector, today announced the details of the proposed listing of its shares (the "Listing") on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK").

    Offering Details

    The Group proposes to issue a total of 100,000,000 Shares (the "Offer Shares"), of which 90% or 90,000,000 Shares (subject to reallocation and the Over-allotment Option) will be offered to professional and institutional investors under international offering (the "International Offering") and the remaining 10% or 10,000,000 Shares (subject to reallocation) will be offered to members of the public in Hong Kong under Hong Kong public offering (the "Hong Kong Public Offering") (collectively the "Share Offer"). The indicative Offer Price range is between HK$1.00 and HK$1.20 per Share. Net proceeds to be received by the Group from the Global Offering are estimated to be approximately HK$73.0 million, assuming an Offer Price of HK$1.10, being the mid-point of the indicative Offer Price range. The number of the Offer Shares represents a public float of 25% of the enlarged number of Shares in issue.

    The Hong Kong Public Offering commenced from 9:00 a.m. today on 12 December 2017 (Tuesday), and will end at 12:00 noon on 15 December 2017 (Friday). The final Offer Price and results of allocation are expected to be announced on 21 December 2017 (Thursday). Dealings of Shares on the Main Board of SEHK is expected to commence on 22 December 2017 (Friday) under the stock code 3878. The Shares are to be traded in board lots of 2,000 Shares.

    Innovax Capital Limited is the Sole Sponsor of the Listing, while Sun International Securities Limited is the Sole Bookrunner of the Share Offer.

    Investment Highlights
    Experience in completing foundation projects involving complicated foundation and engineering designs
    Vicon has the experience, technical skills and proven track records in carrying out foundation projects involving complicated foundation and engineering designs. The Group has completed foundation projects with significant ground-level difference and complicated underground status during the Track Record Period. Completion of these foundation projects require the experience and knowledge on geological conditions and sub-soil limitation of the relevant construction sites and the surrounding areas as well as detailed calculations of the loading capacity of the piles for the superstructure for the purpose of determining the type, the number and the length of the piles required.

    Strong capability to develop alternative and cost-efficient foundation design proposals
    Vicon has strong capability in developing alternative and cost-efficient foundation design proposals. As part of its business strategies, the Directors position Vicon as a design-and-build foundation contractor for target foundation projects, which enables the Group to re-develop the foundation design proposals and revamp the methods of construction that can reduce construction cost and time. With the experience and technical skills, the Group has strong capability to develop alternative, cost-efficient and technically feasible foundation design proposals apart from satisfying specific requirements of customers.

    Strong in-house design capability
    Vicon's in-house design team serving design-and-build projects comprises members with strong technical background in design-and-build engineering experience and has an average of 18 years of experience in the foundation contracting industry in Hong Kong. The design team serves the design-and-build foundation projects. The capability to develop competitive foundation design proposals is one of the critical winning factors for the Group in securing foundation projects.

    Stringent quality control and established management procedures
    A stringent quality control system and a strong commitment to safety, occupational health and environmental management are of paramount importance in enhancing Vicon's competitiveness. The Group has obtained OHSAS18001:2007 certification for occupation health and safety management systems, and has adopted ISO 9001 2008 in respect of its quality management system. The Group has also established environmental management systems and was awarded ISO 14001:2004 certification (environmental management system standard).

    Business Strategies
    Vicon strives to become a contractor with primary focus on the design-and-build foundation projects in Hong Kong private and public sectors. For that, the Group will continue its strategic focus on undertaking targeted design-and-build foundation projects as sub-contractor. The Group plans to expand its in-house design team by increasing the number of professional qualified engineers and qualified surveyors as well as the supporting staff, and upgrading the functionality and end-user permission of selected professional construction design and analytical software. Leveraging the expanded capability of the in-house design team, Vicon will continue to focus on design-and-build foundation projects in Hong Kong and Macau. The Group will continue to deploy resources to strengthen its in-house design capability and these efforts will further enhance the competitiveness of the Group in securing design-and-build foundation projects.

    Furthermore, Vicon plans to develop and strengthen the role and its capability as main contractor. The role of main contractor allows the Group to have direct access to the property developers or project owners, thereby fosters and facilitates the development of long-term business relationship with quality customers. Moreover, this also enables the Group to undertake different types of construction projects by itself or sub-contracting to other approved sub-contractors, and will further enhance the Group's business growth and sustainability in the foundation contracting industry. More resources will be placed in investment in machinery in enhancing business sustainability, enabling the Group to participate in targeted foundation projects as main contractor.

    To capture the growing business opportunities in Hong Kong public sector in light of the anticipated increase in new infrastructure and building projects initiated by the Hong Kong Government, the Group plans to apply for registration on the "List of Approved Suppliers of Materials and Specialist Contractors for Public Works" of the Development Bureau. Leveraging the accumulated 38 years of experience in handling foundation projects in Hong Kong of Vicon's executive directors and senior management team, Vicon will capture the opportunities and expand successfully in Hong Kong public sector.

    Use of Net Proceeds from the Share Offer

    The Group proposes to use the net proceeds from the Share Offer in the following:

    Items / Percentage (%)
    Financing of the issuance of surety bonds: 41.0
    Purchase of various machinery for foundation business in Hong Kong private and public sectors: 21.1
    Early repayment of financial lease liabilities incurred for the purchase of cranes and oscillators: 16.9
    Expansion of in-house design team by recruiting professional qualified engineers and surveyors: 10.3
    Purchase of additional licensed rights of selected professional construction design and analytical computer software: 0.7
    Working capital and other corporate purposes: 10.0
    Total: 100%

    About Vicon Holdings Limited
    Vicon Holdings Limited ("Vicon" or "the Group") is a specialist foundation contractor and focus on design-and-build foundation projects in Hong Kong private sector. With presence in Hong Kong and Macau, the foundation projects involve different types of construction works, such as piling construction, ELS works and pile cap construction. The Group has expereince in completeting foundation projects involving complicated foundation and engineering designs, which is also able to develop alternative and cost-efficient foundation design proposals for the design-and-build foundation projects. Vicon Construction Company Limited, a wholly-owned subsidiary of the Group, is registered with the Buildings Department as a Registered Specialist Contractor - Foundation Works and Registered General Building Contractor.

    For media enquiries, please contact:
    Strategic Financial Relations Limited
    Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
    Kylie Chan Tel: (852) 2114 4990 Email: kylie.chan@sprg.com.hk
    Jeffrey Tam Tel: (852) 2864 4858 Email: jeffrey.tam@sprg.com.hk
    Fax: (852) 2527 1196
    Website: www.sprg.com.hk



    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    TOKYO, Dec 12, 2017 - (JCN Newswire) - Showa Denko ("SDK"; TSE:4004) hereby announces revised forecast of consolidated financial results for full-year 2017. SDK announced the earlier forecast on July 24, 2017, and decided this time to revise it, taking the recent business trends into consideration. However, the forecast of net income attributable to owners of the parent as shown in the table below remains the same as that in the earlier forecast because it takes time to scrutinize the effect of the business integration between SDK and former SGL GE Holding GmbH (currently SHOWA DENKO CARBON Holding GmbH), which SDK acquired on October 2, 2017.

    1. Revised forecast of consolidated business results for January 1 - December 31, 2017
     
    (Millions of yen)
    ---------------------------------------------------------------------------
    Net sales Operating Ordinary Net income Net income
    income income attributable to attributable to
    owners of the owners of the
    parent parent per share
    (yen)
    ---------------------------------------------------------------------------
    Earlier forecast (A)
    (Announced on July 24, 2017)
    762,000 60,000 43,500 21,000 147.34
    ---------------------------------------------------------------------------
    Revised forecast (B)
    (Announced on Dec. 12, 2017)
    773,000 70,000 55,000 21,000 147.34
    ---------------------------------------------------------------------------
    (B) - (A) 11,000 10,000 11,500 0
    ---------------------------------------------------------------------------
    Percentage of changes
    1.4% 16.7% 26.4% -
    ---------------------------------------------------------------------------
    Reference Results for January 1 - December 31, 2016
    671,159 42,053 38,690 12,305 86.27
    ---------------------------------------------------------------------------

    Reasons for the revision of consolidated performance forecast

    Net sales are expected to exceed the earlier forecast. Net sales in the Inorganics segment are expected to exceed the earlier forecast because financial results of former SGL GE Holding GmbH (currently SHOWA DENKO CARBON Holding GmbH) is to be consolidated, starting from the fourth quarter, 2017 due to the business integration. Net sales in the Petrochemicals segment will exceed the earlier forecast because market prices of petrochemical products have been hovering above the earlier forecast due to a rise in raw naphtha price.

    Operating income in the Petrochemicals segment is expected to exceed the earlier forecast because the spreads of products have been hovering above the earlier forecast, reflecting the tight supply-demand situation in the Asian market. Operating income in the Inorganics segment is also expected to exceed the earlier forecast because operating income of our subsidiary in China is expected to be higher than the earlier forecast due to a rise in prices of graphite electrodes in the Chinese market.

    Ordinary income will be higher than the earlier forecast due to the increase in operating income.

    The forecast of net income attributable to owners of the parent remains the same as that in the earlier forecast because it takes time to scrutinize the effect of the business integration between SDK and former SGL GE Holding GmbH (currently SHOWA DENKO CARBON Holding GmbH), which SDK acquired on October 2, 2017.

    Press release (PDF): www.sdk.co.jp/assets/files/english/news/2017/20171212_newsrelease1_e.pdf

    About Showa Denko K.K.

    Showa Denko K.K. ("SDK"; TSE:4004, US:SHWDF) is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial and high-performance gases and chemicals and high-purity gases and chemicals for the semiconductor industry, and the Inorganics Sector provides ceramics products such as alumina, abrasive, refractory and graphite electrodes and fine carbon products. Today, the Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.

    Contact:
    IR Office Finance & Accounting Department Phone: 81-3-5470-3323

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    The Essence of Business Strategy Briefing on "Project 2020+"

    TOKYO, Dec 12, 2017 - (JCN Newswire) - Showa Denko ("SDK"; TSE:4004) today held a conference in Tokyo to explain its management conditions for 2017 and business strategy for 2018. The essence of the briefing offered at the conference is as follows:

    1. Estimated business results for 2017

    SDK announced today a revision of its earlier forecast of consolidated business results for full-year 2017 in view of the recent business trends. SDK expects that its operating income for full year 2017 will exceed the earlier forecast announced on July 24, 2017, which was 50 billion yen, and it will also exceed the target operating income for 2017 set in its medium-term business plan "Project 2020+," which was 60 billion yen.

    In SDK's Petrochemicals segment, the spreads (the differences between the prices of products and raw naphtha as main material) of ethylene, propylene, etc. hover above the earlier forecast, reflecting the tight supply-demand situation in the East Asian market throughout the year and high operating rate of domestic ethylene plants.

    In its hard disk (HD) media business, operating income is expected to increase due to the year-round contribution of the streamlining of production capacity and cost reduction both of which we implemented in 2016, in addition to the increase in shipment volumes of HD media from that in the previous year.

    In its graphite electrode business, operating income is expected to exceed the earlier forecast due to high operating rate of our production facilities and the increase in shipment volumes, in addition to the sudden increase in prices of graphite electrodes in the Chinese market. (For further details, please refer to the news release "Showa Denko Revises 2017 Performance Forecast" announced today.)

    As for SDK's performance forecast for 2018, SDK will announce it simultaneously with the announcement of its 2017 financial results, which is scheduled to be in February 2018, because SDK's negotiation with customers for graphite electrodes concerning sales prices for 2018 still continues and we cannot fix the forecast of average sales prices of graphite electrodes, which will affect our 2018 performance forecast significantly. In addition, it takes time for SDK to calculate the goodwill to be posted concerning the acquisition of former SGL GE Holding GmbH and the new rate of taxation after the acquisition.

    2. Progress in 2016-2017 and tasks and strategies for 2018 under "Project 2020+"

    (1) Measures taken (2016-2017)

    In Growth-accelerating and Advantage-establishing businesses, SDK favorably expanded its businesses. In businesses of high-purity gases for electronics, functional chemicals, and aluminum cans, which are Growth-accelerating businesses, SDK decided and/or executed establishment or expansion of its production/sales bases, and accelerated expansion of its overseas business operations. As for Base-shaping businesses, in HD media business, we streamlined production capacity and implemented cost reduction measures. In graphite electrode business, we implemented acquisition of SGL GE Holding GmbH and, simultaneously, streamlined our domestic production capacity and took cost reduction measures. In petrochemicals business, we continued safe and stable operation of plants throughout the year, improved and maintained profitability through consolidation of polypropylene production subsidiary. As for Rebuilding businesses, we promoted structural reform in order to change earnings structure. Thus SDK steadily took measures to improve profitability, and its profitability is continuously improving. However, we are also aware that we need implementation of further steps to expand our individualized businesses.

    (2) Business strategies for 2018

    In the five market domains on which we focus our efforts, namely "Electronics," "Mobility," "Energy," "Infrastructure," and "Living environment," expansions of markets are accelerating. In the market domain of "Electronics," the spread of "Internet of things" (IoT) and "artificial intelligence" (AI), substantial increase in generated data, and progress in utilization of big data will lead to the expansion of the market for semiconductors and storage devices. Also in the market domain of "Mobility," the need for weight reduction, downsizing, automation and electrification is increasing. It is our mission to provide these market domains with our products, technologies and services in an appropriate and timely manner. SDK will promote establishment and strengthening of individualized businesses, and execute strategic measures in each business, aiming to improve its business portfolio and increase the share of overseas sales in its net sales.

    3. Measures to be taken for each business

    (1) Establishment of individualized businesses

    1) Graphite electrodes
    The global market for graphite electrodes continues to be strong due to a rise in operating rate of electric steel furnaces in the United States, the increase in demand for special steel for automotive parts, and the special procurement boom caused by the 2020 Olympic Games in Japan. Moreover, we expect that the tightening of environmental regulation in China and the progress in the reduction of graphite electrode production capacity in global scale will make the tight supply-demand situation in the global graphite electrode market continue throughout 2018. SDK's graphite electrode production bases in Japan, the United States and China maintain high operating rates. In addition, the new graphite electrode production facility with annual production capacity of 30,000 tons established in the Showa Denko Group's production base in the United States will start mass production at the beginning of 2018. Thus SDK will maintain stable supply of graphite electrodes to its customers.

    In November 2017, SDK completed integration of its graphite electrode business with that of former SGL GE Holding GmbH. SDK will realize the effect of this business integration as early as possible, aiming to establish its position as the leading supplier of graphite electrodes in terms of production capacity, product quality and cost competitiveness. In this way, SDK will strive to realize its medium-term image of a graphite electrode manufacturer which constantly achieves operating income rate of 10% or more.

    2) HD media
    With regard to global shipment volumes of hard disk drives (HDDs), SDK expects that those with large capacity for use in data centers will remain strong, though those for use in PCs will decrease. Thus coexistence of solid state drives (SSDs) and HDDs as storage media will continue. SDK has been pioneering development and launch of leading-edge HD media. For example, in September 2017, SDK launched 2.5-inch HD media with capacity of 1TB per platter, which is the largest in this class. SDK will continue to launch large-capacity HD media for use in data centers, develop next-generation HD media, and improve productivity, thereby supplying leading-edge HD media to the global market.

    3) Lithium-ion battery (LIB) materials
    The market for new-energy-driven cars including electric vehicles (EVs) and plug-in hybrid vehicles (PHVs) is expected to expand faster than the previous forecasts. In addition, the need for advanced properties of LIBs including fast charging, long-range cruising, and enhanced safety is increasing. SDK has been developing and manufacturing LIB materials that provide LIBs with such values as "high capacity, low resistance, and long life." In 2017, SDK expanded its production capacity for VGCF(TM): carbon nanofiber added to cathodes and anodes of LIBs to improve electrical conductivity. In the future, SDK will soon launch Si-graphite hybrid anode additives, of which SDK is now evaluating samples, and promote further expansion of its VGCF(TM) production facilities, thereby responding to the need of customers.

    4) SiC epitaxial wafer for power devices
    SiC-based power devices are key devices for energy conservation, and the demand for them is expected to continue increasing in medium to long term. SDK has been producing SiC epitaxial wafer for power devices with top-level quality in the world. In 2017, SDK decided to acquire assets and intellectual properties concerning SiC wafers from Nippon Steel & Sumitomo Metal Group, and also decided to further expand its capacity to produce high-grade SiC epitaxial wafer marketed under the trade name of "High-Grade Epi." SDK will continue development of technologies that promote practical use of full-SiC-based power modules, aiming to contribute to full-swing spread of SiC-based power devices.

    (2) Acceleration in expansion of global business operation

    1) High-purity gases for electronics
    The amount of high purity gases for electronics used in manufacturing of semiconductors, LEDs, etc. is increasing due to the take-off of the production of 3D-NANDs in 2017. Under these circumstances, SDK newly established and/or expanded its facilities to produce etching gases, its sales bases in North America and China, and strengthened its administrative functions for logistics, procurement, and marketing. In 2018, SDK will continue implementation of measures including development and launch of high-value-added new gases, investment in plant and equipment, and formulation of alliances with other companies, aiming to achieve the target concerning increase in sales set under the medium-term business plan, which is 40% increase in sales by 2018 from those of 2015.

    2) Aluminum cans
    In the East Asian markets including that of Vietnam, the demand for aluminum cans for beverages continues to increase. In 2017, SDK decided to establish its Vietnamese subsidiary's second can manufacturing plant in Da Nang City, Vietnam, and also decided to establish a joint corporation and its new plant with a leading beverage manufacturer in Thailand. In 2018, SDK will finish construction of these new plants and start to provide customers with our Group's high-quality aluminum cans. On the other hand, in the domestic aluminum can market which has already matured, our customers need further improvement in the quality of aluminum cans. Therefore, SDK will strengthen its aluminum can production system to make it further optimized for production of multiple models in smaller lots.

    4. Other topics

    (1) Research and development strategy

    Since the establishment of "Institute for Integrated Product Development" in January 2016, SDK has been accelerating integration and harmonization of R&D activities of the Group companies under the leadership of the Institute, aiming to enhance profitability and competitiveness of the Group's existing businesses and expand the Group's business domain into promising fields surrounding our existing businesses.

    With regard to the enhancement of profitability and competitiveness of existing businesses, SDK continues R&D activities which are expected to contribute to the expansion of its "individualized businesses." For example, SDK is promoting: development of technologies for realization of ammonia-based hydrogen station, which realizes easy production of hydrogen gas for fuel cell vehicles from ammonia; development of aqueous binder for anodes of LIBs; and development of repairing materials to be used in cold districts. As for the expansion of the Group's business domain into promising fields surrounding our existing businesses, for example, our customers ask SDK to provide them with high performance materials which help realization of heat solutions including thermal resistance and heat radiation. Supply of these materials for heat solutions is expected to enable our automotive industry customers to promote electrification, miniaturization, and weight reduction of cars. SDK will continue responding to our customers' needs with proposals of hybrid materials developed through combination of our aluminum, resin and ceramics products.

    As for our strategic technology to produce fullerene, which is a carbon material, we will promote expansion of the range of its use and accelerate development of technologies to establish high-yield production process.

    (2) Financial strategy

    Our performance concerning the financial targets we set in "Project 2020+," namely D/E ratio, free cash flow, ROA and ROE, favorably continue to surpass these targets. In 2018, we will aim to surpass our targets concerning management indexes through continuous pursuit of improvement in profitability, efficient use of business assets, inventory reduction, etc. As for the dividend payout ratio, we will aim to achieve 30% in 2018.

    (3) Next medium-term business plan

    In order to contribute to sustainable growth of society, the Showa Denko Group deals with social issues through its business activities. Aiming to "contribute to the creation of society where prosperity and sustainability are harmonized," the Group makes the most of its business portfolio, appropriately grasps values that society and customers desire, and adds peerless value to products. When we provide products, technologies, and services, we give thoughtful attention to environment and recycling of resources more than ever. In addition, we will make the Group a "stage" where each employee, who creates values mentioned above, can work lively, and we will strive continuously to keep the Showa Denko Group growing.

    We plan to start formulation of our next medium-term business plan from 2019. In the next medium-term business plan, we will focus on numerical targets, aiming to promote management filled with a sense of speed, in order to cope with rapidly changing business environment, while maintaining medium- to long-term perspective.

    About Showa Denko K.K.

    Showa Denko K.K. ("SDK"; TSE:4004, US:SHWDF) is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial and high-performance gases and chemicals and high-purity gases and chemicals for the semiconductor industry, and the Inorganics Sector provides ceramics products such as alumina, abrasive, refractory and graphite electrodes and fine carbon products. Today, the Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.

    Contact:
    Public Relations Office Phone: 81-3-5470-3235

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    AMSTERDAM, Dec 12, 2017 - (ACN Newswire) - The board of Gemalto N.V. (the Company) has noted the announcement last evening of the unsolicited and conditional proposal by Atos SE (Atos) to make a cash offer for all issued and outstanding shares of the Company at an offer price of EUR 46 (cum dividend in cash) (the Proposal).

    On November 28, 2017 Atos submitted its Proposal, valid until December 15, 2017 to the board of the Company. The Company subsequently informed Atos that it would carefully review the Proposal and respond to it before such date.

    The board of the Company will continue its process of reviewing and considering the Proposal together with its financial and legal advisors in accordance with its fiduciary duties to determine the best course of action in the interest of the Company, its business, employees, shareholders and other stakeholders.

    There is no certainty that the Proposal will lead to a recommended firm offer for the Company.

    The Company has retained Deutsche Bank and J.P. Morgan as financial advisors and Allen & Overy LLP as legal advisor.

    Further announcements will be made in due course once the board has completed its review of the Proposal.

    Investor Relations
    Jean-Claude Deturche
    M.: +33 6 2399 2141
    jean-claude.deturche@gemalto.com

    Sebastien Liagre
    M.: +33 6 1751 4467
    sebastien.liagre@gemalto.com

    Corporate Communication
    Isabelle Marand
    M.: +33 6 1489 1817
    isabelle.marand@gemalto.com

    Media Relations Agency
    Suzanne Bakker
    M.: +31 6 1136 8659
    suzanne.bakker@citigateff.nl

    This press release may contain forward-looking statements that involve risks and uncertainties. In most cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms or similar terminology. Such forward-looking statements are not guarantees of future performance and involve significant assumptions, risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.

    This is a public announcement by Gemalto N.V. pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This public announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Gemalto N.V.

    About Gemalto

    Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of EUR 3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

    From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.

    Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.

    Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.

    For more information visit www.gemalto.com, or follow @gemalto on Twitter.

    Press release (PDF): http://hugin.info/159293/R/2155416/828215.pdf

    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    TOKYO, Dec 12, 2017 - (JCN Newswire) - Tokyo Electric Power Company Holdings, Inc. (TEPCO), together with 7 other international utilities, today announced the launch of the second edition of Free Electrons, a global startup acceleration program to recruit energy startups that will drive the next generation of ideas in clean energy, energy efficiency, e-mobility, digitization, and on-demand customer services. Startups chosen for Free Electrons participate in three separate week-long acceleration modules in San Francisco and two other locations around the world. Free Electrons was initiated by eight international utilities, AusNet Services, Dubai Electricity and Water Authority (DEWA), ESB (Electricity Supply Board), EDP (Energias de Portugal), innogy, Origin Energy, SP Group and TEPCO.

    A win-win approach for startups and utilities

    The utilities and accelerators behind the Free Electrons program are committed to a future where energy is smart, clean and accessible to everyone. The global accelerator program is designed for energy startups to further refine their products and services, with the potential of testing and developing them to a global customer base of 73 million. Industry leaders will offer expertise, resources and access to their customer base in exchange for investment and partnership opportunities.

    A global calling

    The utility partners in Free Electrons are leaders in the clean energy transition, covering more than 40 countries, representing over $148 billion in combined net income and access to over 73 million end customers worldwide.

    Energy startups around the world with a working prototype are encouraged to apply to Free Electrons. Twelve energy startups will be selected by the eight utility partners to participate in the six-month accelerator program.

    The call for the world's energy startups starts on 12 December 2017. The application deadline is on 9 February 2018. The selection period is in March 2018 and the selected startups will be announced by the end of March 2018. Interested applicants can apply for the Free Electrons program at http://www.freetheelectron.com/.

    The 8 Free Electrons utility members are: Ausnet Services (Australia), DEWA (Dubai), EDP (Portugal), ESB (Ireland), Innogy (Germany), Origin (Australia), SP (Singapore) and TEPCO (Japan). Together they represent an aggregated customer base of 73 million and develop activities in over 40 countries all over the planet. The Free Electrons program connects startups with each of the 8 utilities experts and key decision makers generating a very significant deal flow of pilot projects, partnerships, commercial contracts and investment.

    In September 2017 at the final module for Free Electrons in Singapore, the global financial value of the contracts signed between the 12 startups and the 8 utilities was about $2 million, with a pipeline of opportunities being developed reaching over $12 million.

    Free Electrons first edition took place between May and September of 2017 and passed by San Francisco, Lisbon, Dublin and Singapore. BeOn, a Portuguese company that sells integrated plug-and-play solar kits, including a solar panel and their own proprietary micro-inverter, was the winner, having signed several agreements with member utilities and receiving an award of $175,000.

    The other startups selected as finalists in Free Electrons 2017 edition included, Aperio (Israel), Climote (Ireland), DataGlen (India), Depsys (Switzerland), Driivz (Israel), EthosGen (USA), Greencom (Germany), HST (USA), Ohm Connect (USA), Simple Energy and Tempus (UK).

    About TEPCO

    Tokyo Electric Power Company Holdings, Inc. (TSE: 9501), headquartered in Tokyo, Japan, is the largest utility in Japan serving millions of homes and businesses. Worldwide the company has more than 34 subsidiaries and 32 affiliates in 8 countries and employs approximately 42,060 people. Consolidated revenue for the fiscal year ending March 31, 2017, totalled 5.3 trillion Japanese yen. The company was established in 1951 and is listed on the First Section of the Tokyo Stock Exchange. For more information, visit http://www.tepco.co.jp/en/corpinfo/index-e.html

    
    
    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    TOKYO, Dec 12, 2017 - (JCN Newswire) - Mitsubishi Heavy Industries Marine Machinery & Equipment Co., LTD (MHI-MME) and the smart technology group Wartsila have signed a Memorandum of Understanding (MOU) regarding the commercial marketing of a new energy solution for ships. The solution combines innovative technologies from both companies to produce greater power generation capacity and higher propeller propulsion for marine vessels.

    By integrating MHI-MME's waste heat recovery and energy saving power generation system (WHRS) with Wartsila's operational control technology for shaft generator systems, the new solution results in more energy efficient ship navigation and an improved Energy Efficiency Design Index (EEDI).

    A notable innovation is the combining of a power take off/take in (PTO/PTI) shaft generator system with WHRS to improve the stability of the WHRS. Depending on the load of the main engine and the ship's network, the WHRS sometimes produces electrical energy in excess of that needed by the network. Such energy can be utilised via the PTO/PTI generator to drive the propeller shaft. At full load, the surplus energy can be used to assist the ship's drive by being applied directly to the propeller shaft. At low main engine load, the WHRS can be operated in parallel with a diesel generator set. Parallel operation with a shaft generator via PTO operation is also easily implemented.

    The patented design connects the WHRS generator into the DC link circuit of the PTO/PTI shaft generator rather than directly into the mains. This allows operation of the WHRS at reduced speed to create higher efficiency of the turbine system at part load. In so doing, it avoids the necessity of speed regulation valves, which cause throttle or bypass losses.

    MHI-MME has various energy saving technologies and all of those fit for this new solution. One example is integration with MHI-MME's power turbine generator and this combination enables to supply electricity across a range from approximately 500 to 2,000 kilowatts (kW), driven by gas extracted from a 2-stroke main engine, via the PTO/PTI generator.

    MHI-MME's solutions have until now consisted of waste heat recovery systems and Organic Rankine Cycle (ORC) systems, which are small-scale binary power generation systems that efficiently recover and use extremely low-temperature heat sources. Applications have primarily focused on large container ships. Now, with addition of the latest solution, MHI-MME will offer an even wider array of energy-saving solutions for ships that have conventionally employed shaft generators, to help them comply with the more stringent environmental regulations to go into effect in the near future.

    About Mitsubishi Heavy Industries, Ltd.

    Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the world's leading industrial firms with 80,000 group employees and annual consolidated revenues of around 38 billion U.S. dollars. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI owns a unique business portfolio covering land, sea, sky and even space. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems.
    For more information, please visit the MHI Group website: http://www.mhi-global.com.
    For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: http://spectra.mhi.com.

    Contact:
    Joseph Hood, PR Manager Mitsubishi Heavy Industries, Ltd. Email: mhi-pr@mhi.co.jp Tel: +81-3-6716-2168 Fax: +81-3-6716-5860

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    TOKYO, Dec 12, 2017 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced it has developed automatic optimization technology for deep learning in order to facilitate improvements in recognition accuracy.

    In recent years, there have been tremendous advances in deep learning, which is now contributing to image recognition, speech recognition, and a wide range of other fields. Deep learning enables higher levels of recognition accuracy by capitalizing on the deeply layered structures of artificial neural networks in order to learn from prepared data.

    If systems become excessively familiar with data however, they become unable to accurately recognize data that they have not learned. This is known as "overtraining," and results in degradation of recognition accuracy when dealing with data that was not used in the learning process. To prevent overtraining, "regularization" technology is commonly used, which regulates the extent of learning to prevent it from reaching an excessive degree.

    "This technology predicts the progress of learning at every layer based on the structure of an artificial neural network, and enables regularization to be automatically configured accordingly," said Akio Yamada, General Manager of NEC's Data Science Research Laboratories. "This means that learning is optimized across the entire network, making it possible to improve recognition accuracy, such as reducing recognition errors by around 20% when compared to conventional systems."

    "This technology is expected to improve recognition accuracy for image and speech recognition, and a whole host of other fields in which deep learning is used," continues Yamada. "It will be able to improve the accuracy of facial recognition and behavior analysis for purposes that include video surveillance, for instance, or to increase the efficiency of inspections of infrastructure, or enable the automatic detection of system failures, accidents or disasters."

    About NEC Corporation

    NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.

    Based on its Mid-term Management Plan 2015, the NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit http://www.nec.com/en/global/about/solutionsforsociety/message.html.

    Contact:
    NEC Seiichiro Toda s-toda@cj.jp.nec.com +81-3-3798-6511

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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