HONMA and ITOCHU Corporation In A Strategic Alliance

January 29, 2018, 9:51 pm

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HONG KONG, Jan 30, 2018 - (ACN Newswire) - The board of directors (the "Board") of Honma Golf Limited ("HONMA" or the "Company", Stock Code: 6858) is pleased to announce that on 26 January 2018, the Company and ITOCHU Corporation ("ITOCHU") entered into a strategic alliance agreement (the "Strategic Alliance Agreement").

Strategic Alliance with ITOCHU to Revitalize its Apparel Business using a "golf total brand approach"

HONMA is one of the most prestigious and iconic brands in the golf industry. As part of its continued efforts to deliver growth and to provide customers with a complete golf lifestyle experience through offering, among other products, HONMA-branded apparel, the Company has been actively exploring partnerships to revitalize its Apparel Business using a "golf total brand approach". It is expected that the 2019 Spring/Summer season will be the first season on which the Company and ITOCHU will co-operate.

The Company believes that there is significant room to grow its apparel business, which together with bags and other accessories, accounted for approximately 13.4% of the total revenue of the Company and its subsidiaries for the six months ended 30 September 2017, as compared to approximately 60% of the total revenue of many of its industry peers.

The formation of a strategic alliance between the Company and ITOCHU will allow the Company to work with ITOCHU to re-develop the Company's apparel business in Japan, as well as other markets where HONMA has already built a stable consumer base from its golf clubs business. At the same time, this partnership will entitle the Company to tap into ITOCHU's rich networks and know-how in the apparel and textile industry to support the Company's re-launch of its apparel business leveraging its brand equity.

The Company strongly believes that this strategic alliance with ITOCHU will be invaluable in its effort to accelerate sales growth across all markets in the near to mid term.

Disposal of Shares by Controlling Shareholder to Strategic Investors

As part of the strategic alliance, Kouunn Holdings Limited ("Kouunn Holdings"), a controlling shareholder of the Company, has conditionally agreed to dispose of an aggregate of 99,189,000 shares of the Company (representing approximately 16.29% of the issued share capital of the Company as at the date of this announcement) to ITOCHU and Chia Tai Primrose Holdings Limited, a wholly-owned subsidiary of Charoen Pokphand Group Company Limited ("CPG") (the "Disposal"). Completion of the Disposal is expected to take place on or around 31 January 2018. Immediately upon completion of the Disposal, Mr. Liu Jianguo and Kouunn Holdings will remain as controlling shareholders of the Company.

The Board welcomes the strategic investments by ITOCHU and CPG, which it believes will diversify the Company's shareholding structure and drive improvements in the Company's corporate governance practices.

Looking forward, Mr. Liu Jianguo indicated that the Board believes that ITOCHU's investment will further enhance its relationship with the Company resulting from the Strategic Alliance Agreement. For its part, ITOCHU looks forward to strengthening the cooperation with HONMA in the apparel and textile industry through its comprehensive network and experience and to exploring possible mutually beneficial opportunities in the future.

About Honma Golf Limited
HONMA is one of the most prestigious and iconic brands in the golf industry, synonymous with intricate craftsmanship, dedication to performance excellence and distinguished product quality. Honma Golf was successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited on 6th October 2016 (Stock Code: 6858). The Company predominantly designs, develops, manufactures and sells a comprehensive range of aesthetically-crafted and performance-driven golf clubs, under three major product families, namely BERES, TOUR WORLD and Be ZEAL, each targeting specific consumer segments. Honma Golf also offers customers a complete golf lifestyle experience through an extensive portfolio of golf balls, bags, apparels and other accessories. According to Frost & Sullivan, HONMA ranks among the top ten golf product brands in the world and is the number one brand for premium golf clubs, in each case in terms of retail sales in 2015. It was also the fastest growing brand within the top 10 golf products brands as measured by year-on-year retail sales growth from 2014 to 2015. Honma Golf's products are sold in approximately 50 countries worldwide, primarily in Asia and also across North America, Europe and other regions.

About ITOCHU Corporation
With over 150 years history, ITOCHU is a leading sogo shosha incorporated in Japan with approximately 120 bases in 63 countries. It is engaged in domestic trading, import and export, and overseas trading of various products such as textiles, machinery, metals, minerals, energy, chemicals, food, general products, realty, information and communications technology, and finance, as well as business investments in Japan and overseas. ITOCHU is listed on the Tokyo Stock Exchange (Stock Code: 8001).

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TOYOTA GAZOO Racing Confirms Driver Line-up: Fernando Alonso Joins

January 31, 2018, 1:32 am

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Toyota City, Japan, Jan 31, 2018 - (JCN Newswire) - TOYOTA GAZOO Racing can confirm its drivers for the 2018-19 FIA World Endurance Championship (WEC) season, with Fernando Alonso joining the line-up.

The team has officially submitted its entry to the Automobile Club de l'Ouest and will participate in all eight rounds of the 2018-19 season with two hybrid-powered race cars as it targets victory in the Le Mans 24 Hours and the WEC World Championships.

TOYOTA GAZOO Racing will again utilise its 1,000hp TS050 HYBRID car, which won five of nine races in 2017. Development of hybrid technology remains an integral element of TOYOTA's participation in endurance racing as part of the company's commitment to making ever-better road cars.

The driver line-ups for the two TS050 HYBRIDs are now confirmed, with the #7 car competing with an unchanged line-up of Mike Conway, Kamui Kobayashi and Jose Maria Lopez.

The #8 TS050 HYBRID features a revised driver line-up, with Sebastien Buemi and Kazuki Nakajima joined by two-time Formula 1 World Champion Fernando Alonso.

Fernando, 36, will make his LMP1 race debut at Spa-Francorchamps in May and will compete in all rounds of the 2018-19 season which do not conflict with his existing Formula 1 obligations.

Anthony Davidson, who won five races in 2017 alongside Sebastien and Kazuki, will remain an important member of the team, bringing his World Championship-winning experience to a new role as Reserve and Development Driver.

Two-time Le Mans winner Alex Wurz will continue as Team Advisor and Ambassador having made a significant contribution since taking the position in 2016.

Akio Toyoda (President, TOYOTA Motor Corporation)

"I am looking forward to seeing how much TOYOTA GAZOO Racing will grow when our drivers and all team members take what they have learned thus far in endurance racing and add to it what they will gain from Fernando's experience. The entire team is excited about this opportunity for growth. Through the challenge of WEC endurance races and, among those, on the grueling roads of the Le Mans 24 Hours, TOYOTA GAZOO Racing will do its best, together with Fernando, to outdrive the competition."

Hisatake Murata (Team President)

"This WEC season is unique because it features two editions of the Le Mans 24 Hours so we are all looking forward to it. I believe we have an extremely strong driver line-up with real strength in depth. Fernando is a rookie in WEC but he brings speed and experience gained from many years at the top of his sport. We are all excited to work with him but endurance racing is a team effort and we know all of our drivers are performing to a very high level. I would like to thank Anthony for his professional approach in difficult circumstances; he remains a strong part of our driving line-up and he will be busy this season."

Fernando Alonso

"I am very excited to participate in the Le Mans 24 Hours for the first time. It is a race which I have followed closely for a long time and it has always been an ambition of mine to participate. Endurance racing is a different discipline compared to single-seaters and I enjoyed my first taste of it at Daytona. I am looking forward to working together with, and learning from, Sebastien and Kazuki, who are both very experienced endurance drivers. It will be a steep learning curve for me but I am ready for this challenge and I can't wait to get started."

About Toyota

Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

Contact:
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926

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Renault-Nissan-Mitsubishi Sells 10.6 Million Vehicles in 2017

January 31, 2018, 2:14 am

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TOKYO, Jan 31, 2018 - (JCN Newswire) - Renault-Nissan-Mitsubishi, the world's leading automotive Alliance, today announced that its member companies sold a combined total of 10,608,366 units in the 12 months to December 31, 2017.

Growing demand for SUVs, light commercial vehicles and a rising number of zero-emission pure electric vehicles helped lift unit sales by 6.5 percent in 2017, the first full-year of Mitsubishi Motors' membership of the Alliance.

Carlos Ghosn, chairman and chief executive officer of Renault-Nissan-Mitsubishi, said:
"With more than 10.6 million passenger cars and light commercial vehicles sold in 2017, Renault-Nissan-Mitsubishi has become the number-one automotive group worldwide. This evolution reflects the breadth and depth of our model range, our global market presence and the customer appeal of our vehicle technologies."

In 2017, the Alliance member companies sold vehicles in nearly 200 countries under ten brands (Renault, Nissan, Mitsubishi Motors, Dacia, Renault Samsung Motors, Alpine, Lada, Infiniti, Venucia and Datsun).

Groupe Renault's sales were up 8.5 percent to 3,761,634 units in 2017. It was a record year for Renault, the world's leading French brand and number-two brand in Europe, and also for Dacia. Renault is seeking continued growth in 2018, buoyed by the development of its international activities and its renewed range, in line with its Drive The Future plan.

Nissan Motor Co. Ltd. sold 5,816,278 vehicles worldwide, up 4.6 percent, and shared details of Nissan M.O.V.E. to 2022, the company's six-year strategic plan.

In the USA and China in 2017, the company achieved sales growth of 1.9 percent and 12.2 percent respectively. Infiniti sold 246,492 vehicles in 2017, an increase of 7 percent from the previous year.

Mitsubishi Motors Corporation sold 1,030,454 vehicles in 2017, up 10 percent from 2016.
The increase in volume was led by China, a key market for Mitsubishi Motors' Drive For Growth plan. Annual sales rose by 56 percent, to 129,160 units. China became Mitsubishi Motors' largest market thanks to strong demand for the locally produced Outlander.

Performance in the ASEAN region was also strong with an increase of 17 percent to 242,224 units, thanks to the launch of XPANDER - a compact multi-purpose vehicle - in Indonesia. In Japan, sales increased by 7 percent as the marketing of kei-cars resumed.

Sustained leadership in electric vehicles

Since 2010, when the Nissan LEAF was first introduced, Renault-Nissan-Mitsubishi has sold 540,623 electric vehicles worldwide through its different brands. Cumulatively, the Alliance continues as the global leader for 100% electric passenger cars and light commercial electric vehicles.

The Nissan LEAF, the first mainstream, mass-marketed electric vehicle, remains the world's best-selling EV with more than 300,000 vehicles sold since its launch in December 2010.

During 2017, the new Nissan LEAF was unveiled and offers customers greater range, advanced technologies and a dynamic new design. It went on sale in Japan last year, and will be rolled out in other major markets during 2018. The new Nissan LEAF received over 40,000 orders globally including 13,000 orders in Japan; 13,000 reservations in the United States; and over 12,000 orders in Europe.

In addition to the LEAF, Nissan's e-NV200, a light commercial vehicle sold mainly in Europe and Japan, has also recently been upgraded with an additional 100km of driving range in Europe.

In 2017 Renault remained, for the third consecutive year, the leader in Europe's electric-vehicle segment with a market share of 23.8 percent and sales volumes increased by 38 percent. Renault ZOE was the best-selling EV in Europe, with sales increase by 44 percent.

Since 2011, Renault has sold more than 150,000 electric vehicles worldwide, including Renault ZOE, Renault Kangoo Z.E., Fluence Z.E. and Renault Samsung Motors SM3 Z.E..

In 2017, Renault unveiled Master Z.E. thus announcing a range of zero-emission light commercial vehicles unique in the world (Twizy Cargo, company-car version of ZOE, Kangoo Z.E. and Master Z.E.).

In 2017, Renault-Nissan-Mitsubishi sold 91,000 EVs, up more than 11 percent from 2016.

Alliance 2022 strategic plan

As part of Alliance 2022 strategic plan, Renault-Nissan-Mitsubishi is forecasting that annual synergies will exceed EUR10 billion by the end of 2022. In addition, 12 new zero-emission electric vehicles and 40 vehicles with autonomous drive technology will be launched.

The introduction of new models and new technologies should lift the combined annual sales of Renault-Nissan-Mitsubishi to more than 14 million units, generating revenues expected at $240 billion by the end of 2022.

About Mitsubishi Motors

Mitsubishi Motors Corporation is the sixth largest automaker in Japan and the sixteenth largest in the world. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries. From October 2016, Mitsubishi is one-third owned by Nissan, and a part of the Renault - Nissan - Mitsubishi Alliance. For more information, please visit www.mitsubishi-motors.com/en/index.html.

Contact:
Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com
+81-3-6852-4275

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Arrow Electronics to Showcase IoT Solutions for Smart Environment and Smart Farming Applications at Microsoft IoT in Action Event in Seoul

January 31, 2018, 3:00 am

≫ Next: Hong Kong Design Hits the Runway at New York Fashion Week

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SEOUL, KOREA, Jan 31, 2018 - (ACN Newswire) - Global technology-solutions provider Arrow Electronics, Inc. today announced that it will participate in the Microsoft IoT in Action event held in Seoul on January 30. As a Microsoft IoT aggregator partner and platinum sponsor of the event, Arrow will exhibit several Internet of Things (IoT) solutions that integrate sensors, software and cloud connections, and help event attendees understand how they can meet customer needs and grow their businesses by building repeatable IoT solutions.

IoT and sensor technologies are driving the development of sustainable, environmentally friendly smarter cities and digital transformation around the world. According to a report by IDC, South Korea ranked top for its readiness for sustained IoT adoption among countries in Asia Pacific[1]. As one of the largest aggregators of electronic hardware, software, and connectivity services for IoT, Arrow is well positioned to help IoT developers and practitioners accelerate their IoT deployments.

Some of the IoT technologies and solutions Arrow will display at the event include:

- A low-power, robust and ready-to-deploy Waspmote plug and sensor system from Libelium that can monitor water, air and weather conditions and trigger alerts for preventive measures.

- A local proof-of-concept urban-agricultural IoT solution with sensor module, mesh protocol connectivity and gateway solution designed for managing greenhouse environment and generating data analytics for optimal operation.

- Arrow Connect(TM), running on Microsoft Azure, a cloud-based platform designed and developed by Arrow, enables the seamless and secure flow of data on any device or edge over any protocol to any cloud, as well as securely provision and manage all IoT devices.

"Developing the kind of smart and connected devices needed to deliver the expected IoT outcomes and benefits draws on a broad spectrum of technologies and expertise. With our comprehensive 'sensor-to-sunset IoT offerings and technology portfolio from sensors, edge computing, connectivity, gateways to cloud platforms, data analytics, and security, we can reduce the engineering complexity and remove technology challenges that public and private sectors face while conceptualizing, deploying, and managing IoT devices or solutions," said Aiden Mitchell, vice president of IoT global solutions at Arrow.

"We are delighted to have Arrow as a sponsor of the IoT in Action events, and as a new Windows IoT distributor in APAC," said Nicole Denil, general manager, Global OEM IoT Channel Sales, Microsoft. "Intelligent edge devices are a critical component of IoT solutions, and by making windows IoT available to OEMs, Arrow and their OEM partners will be able to deliver powerful and secure devices, that when connected to the cloud and AI services, can offer customers new insights and enable new business opportunities."

"Libelium's wireless and sensor technology complements Arrow's comprehensive technology portfolio for IoT. Together we can offer pre-integrated IoT solutions that require minimal design effort before deployment," said Carlos Herrando, sales area manager, Smart Cities, Industry, eHealth for Asia, Australia, and Eastern Europe, Libelium. "We look forward to exhibiting alongside Arrow at Microsoft's IoT in Action."

Held in seven cities across the US, Germany, China and South Korea, Microsoft's IoT in Action aims to provide attendees with best-in-class technologies, insights, best practices, and integrated solutions of putting IoT technologies to work to deliver tangible results across industries. Click here (https://iotinactionevents.com/Event/ICN) to learn more about the event or visit iot.arrow.com for more information about Arrow's IoT offerings.

About Arrow Electronics

Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 465 locations serving over 90 countries.

[1] https://www.idc.com/getdoc.jsp?containerId=prAP42904617

Arrow Electronics
Media Contact:
Grace Kung | Tel: (852) 2484 2682
Email: grace.kung@arrowasia.com

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Hong Kong Design Hits the Runway at New York Fashion Week

January 31, 2018, 4:00 am

≫ Next: UK advertising spend sees new record high in 2017 with growth predicted to continue through 2018

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Apart from the Fashion Hong Kong fashion parade, Hong Kong designer Key Chow will also stage a separate fashion show at New York Fashion Week. The designer will represent Hong Kong at the Asia Fashion Collection (AFC) 17/18, showcasing his latest collection Trashy Boy at the AFC show on 10 February.

Fashion Hong Kong Showroom to Facilitate Business

HONG KONG, Jan 31, 2018 - (ACN Newswire) - Organised by the Hong Kong Trade Development Council (HKTDC), three leading Hong Kong fashion designer labels will take part in New York Fashion Week February 2018, showcasing Hong Kong's fashion creativity to industry elites and style influencers from the United States and around the world.

The HKTDC will stage a Fashion Hong Kong runway show at New York Fashion Week (at 12pm EST on 9 February). Designer Harrison Wong (Brand: HARRISON WONG), who returns to the show for the third consecutive year, will join Annette Chan (Brand: ANVEGLOSA) and design duo Yi Chan and Lary Cheung (Brand: HEAVEN PLEASE+) to launch their Fall/Winter 2018 collections. An after-show party will be held for the designers to network with industry players.

- Professional B2B Showroom to Facilitate Business

To further promote Hong Kong fashion brands and foster exchange and collaboration between Hong Kong designers and overseas buyers, the HKTDC will launch the Fashion Hong Kong Showroom at Showroom Seven, a professional B2B showroom during New York Fashion Week from 7-20 February. In addition to the three runway designer labels, 13 other budding Hong Kong fashion brands: a o g p, BIG HORN, Ejj Jewellery, FAVEbyKennyLi, FREQUENT FLYER, Heritage ReFashioned, LAByrinth, L'impression du temps, LOOM LOOP, MASE, NICI HARMONIC, niin and SHOKAY, will be showcased. Both Heritage ReFashioned and LOOM LOOP feature eco-fashion, with the former transforming upcycled vintage textile into sustainable fashion clutches; while the latter incorporates Canton silk, a traditional fabric that uses natural dyeing techniques.

- Holistic Promotion Campaign

Fashion Hong Kong has partnered with Klook, a Hong Kong travel start-up, to introduce Hong Kong's unique fashion design to lifestyle travellers worldwide. Fashion Hong Kong will also collaborate with local digital start-up VirtualCyte, to produce the first 360-degree video production on Hong Kong designers at New York Fashion Week. In addition, FashionWeekOnline.com, which is regarded as the insiders' guide to international fashion weeks, has launched a Hong Kong section to promote emerging Hong Kong fashion designers and HKTDC fashion events.

- Designer Key Chow represents Hong Kong at Asia Fashion Collection

Another Hong Kong fashion designer, Key Chow, will participate in New York Fashion Week with Asia Fashion Collection (AFC), an incubation project produced and supported by Vantan and PARCO. As the 17/18 Hong Kong representative, Key Chow will showcase his latest Fall/Winter 2018 collection with AFC on 10 February alongside other promising Asian designers.

Fashion Hong Kong Designers at New York Fashion Week February 2018:

- Annette Chan / Brand: ANVEGLOSA

Designer Profile:
Establishing her leather company in 1987, Annette Chan started out as a retailer and manufacturer. With nearly 30 years' experience in the industry, specialising in leather, Ms Chan created her label ANVESGLOSA in 2017, to use her extensive experience and reflect her definition of fine clothing: high-quality materials, figure-flattering cuts, and exquisite craftsmanship in unfailing styles.

Brand: ANVEGLOSA
ANVEGLOSA is a contemporary women's fashion brand specialising in leatherwear. The brand's inspiration lies in combining practicality and style. Each piece draws attention not through exaggeration, but through quiet charm. The fashionable, elegant and sophisticated clothes strongly reflect the label's character. The brand has attracted high-end retailers from overseas, including Harvey Nichols, Galeries Lafayette Beijing and Lane Crawford.

Fall/Winter 2018 Collection: L'Opera
The collection is a celebration of theatrical art, offering women the chance to explore their creativity. It demonstrates a splendid aesthetic with the delicate application of different material combinations playing on the magic that is the feminine silhouette paired with compelling layers.

- Harrison Wong / Brand: HARRISON WONG

Designer Profile:
Harrison Wong made his fashion industry debut by winning the Hong Kong Young Designers' Contest and the Grand Prix Contest in Japan. Since earning a Master's degree from the London College of Fashion, he has shown his men's collections in New York, Milan, Shanghai, Taipei, Sydney and Hong Kong.

Brand: HARRISON WONG
HARRISON WONG is an original contemporary apparel and accessories brand for fashion lovers. The label specialises in edgy, aggressive designs that also display an understated elegance.

Fall/Winter 2018 Collection: Gradations
For inspiration, Harrison Wong turned to Mark Rothko, the mid-20th century abstract expressionist, whose powerful paintings comprise blurred blocks of vibrant colors with blacks and greys.

- Lary Cheung and Yi Chan / Brand: HEAVEN PLEASE+

Designers Profile:
The design duo both graduated with a fashion design degree from the Hong Kong Polytechnic University. Yi Chan started her career at Marie Claire as a Fashion Editor, while Lary Cheung worked as a menswear designer at British labels, Kent & Curwen and Aquascutum. They founded the brand Heaven Please+ in 2011 and launched their first collection for AW 2012. The designers are devoted to applying their experiences outside the fashion industry, including arts, music and literature, into their design concepts and sketches, attempting to empower fashion with insightful and perceptual values.

Brand: HEAVEN PLEASE+
Independent, Dreamy, Extraordinary. Since their debut AW collection in 2012, Heaven Please+ has been searching for an alternative narrative from the language of design details and silhouettes. The brand has designed several costumes for Hong Kong artists and large-scale events, such as the Ultimate Song Chart Awards Presentation. In 2013, Heaven Please+ opened its first retail location, which was chosen by the LOUIS VUITTON HK City Guide 2015 as one of the recommended fashion stores to visit.

Fall/Winter 2018 Collection: DaCuoLe Vol. I (English: Wrong Number)
Wrong Number is a novel by noted Hong Kong writer Liu Yichang, which is the inspiration behind the label's F/W18 collection, by re-mixing 50's Western style with Hong Kong high-fashion style.

Main Events:
Fashion Hong Kong Runway Show
Time: 12pm on 9 February 2018 (Friday)
Venue: Industria, 775 Washington Street, New York, NY

Fashion Hong Kong Night
Time: 7pm on 9 February 2018 (Friday)
Venue: The Refectory at The High Line Hotel, 180 10th Avenue (at 20th Street), New York 10011

Fashion Hong Kong Showroom
Time: 7-20 February 2018 (By Appointment)
Venue: Showroom Seven, 501 10th Ave, New York, NY
Appointment Requests: fashion_hongkong@hktdc.org

Fashion Hong Kong website: www.fashionhongkong.com
Photo download: http://bit.ly/2EedH8t

About HKTDC

Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn.
- Google+: https://plus.google.com/+hktdc
- Twitter: http://www.twitter.com/hktdc
- LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

Contact:
HKTDC
Communications & Public Affairs Department
Sam Ho
Tel: +852 2584 4569
Email: sam.sy.ho@hktdc.org

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UK advertising spend sees new record high in 2017 with growth predicted to continue through 2018

January 30, 2018, 8:00 pm

≫ Next: Mazda Signs United Nations Global Compact

≪ Previous: Hong Kong Design Hits the Runway at New York Fashion Week

LONDON, Jan 31, 2018 - (ACN Newswire) - UK advertising spend in Q3 2017 rose 3.5% year-on-year to reach GBP 5.4bn - the 17th consecutive quarter of market growth, according to Advertising Association/WARC Expenditure Report data published today. The latest data underpin preliminary figures which show 2017 spending grew to GBP 22.1bn - representing the eighth consecutive year of market growth.

Further key findings from the report indicate:
Total UK adspend over the first nine months of 2017 was 3.5% (GBP 551m) higher than the previous year.
The preliminary estimate for 2017 growth is 3.4% (to GBP 22.1bn), an upgrade of 0.3 points since October's forecast.
The projection for total market growth in 2018 is 2.8% (to GBP 22.7bn).
Mobile adspend rose 30.7% year-on-year, buoyed by a 44.7% rise in social media advertising.
Adspend growth was up 9.9% year-on-year within internet as a whole, inclusive of digital revenues for newsbrands, magazine brands, TV and radio broadcasters. Year-on-year numbers were up 21.5% in Q3 2017 for national newsbrands, an impressive 42.6% for radio, and 13.3% for broadcaster video-on-demand.

Almost one in four pounds spent on advertising in the third quarter of 2017 went to mobile, which recorded year-on-year growth of 30.7%. Preliminary estimates for 2017 put mobile adspend above GBP 5bn, much of which is being invested in video ads on social media platforms. Elsewhere, direct mail recorded growth of 5.9% over the prior year, marking the strongest rise for the channel since 2011.

Stephen Woodford, Chief Executive at the Advertising Association said:

"UK advertising spend enjoyed a record high in the third quarter of 2017, with figures up again year-on-year. It is encouraging to see further predicted growth of 2.8% for 2018. UK advertising is vital for the economy, generating GBP 6 for every GBP 1 spent and we know from the work of Credos, advertising's think tank, that advertising is the engine of growth for UK business.

"As we work through Brexit, we need to help Government make the best decisions to support our industry and, by extension, the wider UK economy as we target growth across the nations and regions and in an increasingly global marketplace."

The Advertising Association/WARC Expenditure Report is the definitive measure of advertising activity in the UK. It is the only source that uses advertising expenditure gathered from across the entire media landscape, rather than relying on estimated or modelled data.

About WARC

- your global authority on advertising and media effectiveness

warc.com is an online service offering advertising best practice, evidence and insights from the world's leading brands. WARC helps clients grow their businesses by using proven approaches to maximise advertising effectiveness. WARC's clients include the world's largest advertising and media agencies, research companies, universities and advertisers.

WARC hosts four global and two regional case study competitions: WARC Awards, WARC Innovation Awards, WARC Media Awards, The Admap prize, WARC Prize for Asian Strategy and WARC Prize for MENA Strategy.

WARC also publishes leading journals including Admap, Market Leader, the Journal of Advertising Research and the International Journal of Market Research. In addition to its own content, WARC features advertising case studies and best practices from more than 50 respected industry sources, including: ARF, Effies, Cannes Lions, ESOMAR and IPA.

Founded in 1985, WARC is privately owned and has offices in the UK, U.S. and Singapore.

Contact:
Amanda Benfell
PR Manager
+44 20 7467 8125
amanda.benfell@warc.com

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Mazda Signs United Nations Global Compact

January 30, 2018, 8:19 pm

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HIROSHIMA, Japan, Jan 31, 2018 - (JCN Newswire) - Mazda Motor Corporation signed the United Nations Global Compact this month, thereby becoming a member of the Global Compact Network Japan comprising signatory organizations in Japan. The U.N. Global Compact is a voluntary effort by corporations and organizations to be good corporate citizens by exercising responsible, creative leadership and to build a global framework for sustainable growth. More than 12,000 corporations and organizations in approximately 160 countries worldwide are members of the compact.

Mazda, which incorporates corporate social responsibility into its day-to-day operations, will work to uphold the 10 principles of the UN Global Compact, including protecting human rights, eliminating all forms of forced labor, undertaking environmental initiatives, and working against corruption. Mazda is committed to contributing to the development of a sustainable society through these activities.

About Mazda

Mazda Motor Corporation (TSE: 7261) started manufacturing tools in 1929 and soon branched out into production of trucks for commercial use. In the early 1960s, Mazda launched its first passenger car models and began developing rotary engines. Still headquartered in Hiroshima in western Japan, Mazda today ranks as one of Japan's leading automakers, and exports cars to the United States and Europe for over 30 years. For more information, please visit www.mazda.com

Contact:
Corporate Communications Division
Mazda Motor Corporation, Japan
+81-3-3508-5056 [Tokyo]
+81-82-282-5253 [Hiroshima]
mailto: media@mazda.co.jp

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MHPS Receives First Order for Integrated Fuel Cell and Gas Turbine Hybrid Power Generation System

January 30, 2018, 8:25 pm

≫ Next: FANUC, Hitachi, and Preferred Networks to Establish a Joint Venture Company for the Development of Intelligent Edge Systems

≪ Previous: Mazda Signs United Nations Global Compact

- Highly efficient hybrid system, one of the facilities for utilization of hydrogen, to begin operating in February 2019
- Energy-saving and eco-friendly attributes are strong selling points for the Marunouchi in Tokyo

TOKYO, Jan 31, 2018 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has received the first order (Note) for its pressurized hybrid power generation system integrating solid oxide fuel cell (SOFC) stacks with micro gas turbines (MGT). Launched for the commercial and industrial market, this system is being installed in the Marunouchi Building in Tokyo, owned and operated by Mitsubishi Estate Co., Ltd. As a highly efficient distributed power system with clean emissions, it will enhance energy savings and eco-friendliness at the Marunouchi Building, located near Tokyo Station. Full-scale operations are scheduled to start in February 2019, when renovation work on the building's generators is completed.

This hybrid system uses city gas as fuel, generating electricity with both ceramic SOFC stacks that operate at a high temperature of around 900degC, and MGTs. The fuel is not burned, but rather the SOFCs generate electricity from the chemical reaction between oxygen in the air and hydrogen and carbon monoxide extracted from reformed city gas, while the MGTs generate electricity from the post-process, enhancing overall efficiency by more than 65%. Used in a cogeneration system, the remaining exhaust heat can be recovered as steam or hot water, increasing the combined efficiency to more than 73%. Compared to conventional power generation systems, utilizing this hybrid system reduces CO2 emissions by around 47%, thereby contributing to the realization of a low-carbon society.

MHPS conducted demonstration tests of 250 kilowatt (KW) class systems through fiscal 2016 with the support of Japan's New Energy and Industrial Technology Development Organization (NEDO) research agency. Demonstration equipment was installed at four locations in Japan, and stable system operations were verified. MHPS then developed practical models for commercial and industrial applications, and began marketing the system in summer 2017.

The Marunouchi Building was built in 2002 as the first project in the Marunouchi area redevelopment plan conducted by Mitsubishi Estate. The building is now 15 years old, and its power generation systems were in need of improvement and repair. Mitsubishi Estate was looking to introduce an energy-saving, highly eco-friendly distributed cogeneration system to further the advancement of a low-carbon society, and selected MHPS's hybrid system.

Capitalizing on this initial order, MHPS will enhance its proposal-based sales in order to promote wider adoption of fuel cells for commercial and industrial applications, while also working to further enhance the performance and convenience of this system, and contribute to a form of energy creation appropriate for a highly sustainable, low-carbon society.

This project was selected for subsidies from the Ministry of Economy, Trade and Industry (METI) to support the introduction of Ene Farm and other systems to promote the widespread use of fuel cells (projects to support the introduction of fuel cell systems for commercial and industrial use), as well as the Tokyo Metropolitan Government Bureau of Environment's program to support the development of smart energy areas utilizing hydrogen.

About Mitsubishi Hitachi Power Systems, Ltd.

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) was formed on February 1 2014, integrating the thermal power generation systems businesses of Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd. in a quest to further enhance their social response capabilities in all respects. These include the technological strength to create new products of outstanding quality and reliability, the comprehensive strength in engineering to oversee projects in regions across the globe, and finely honed sales and after-sale servicing capabilities. MHPS aims to come out a winner in global competition and achieve a solid position as a world leader in thermal power generation systems and environmental technologies. For more information, please visit www.mhps.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

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FANUC, Hitachi, and Preferred Networks to Establish a Joint Venture Company for the Development of Intelligent Edge Systems

January 30, 2018, 8:39 pm

≫ Next: MECOM Power and Construction Limited Announces Details of Proposed Listing on the Main Board of the Stock Exchange of Hong Kong Limited

≪ Previous: MHPS Receives First Order for Integrated Fuel Cell and Gas Turbine Hybrid Power Generation System

TOKYO, Jan 31, 2018 - (JCN Newswire) - FANUC CORPORATION (TSE: 6594), Hitachi, Ltd. (TSE:6501), and Preferred Networks, Inc. (PFN) today announced that they have reached an agreement to establish a joint venture company on April 2, 2018, to develop Intelligent Edge Systems(1) that utilize artificial intelligence (AI) technologies in edge devices in the industrial and social infrastructure field. Yutaka Saito, who is currently Executive Vice President and Executive Officer at Hitachi, and who will be appointed Senior Executive Vice President at FANUC on April 1, will hold a concurrent position as CEO of the new company(2).

In recent years, innovations using AI technologies have been expanding rapidly in a variety of fields. In the field of industrial and social infrastructures in particular, AI technologies are expected to play an important role in the part close to edge devices, for example in the case of vehicles and robots.

In this backdrop, FANUC, Hitachi, and PFN have agreed to undertake joint development of the world's most advanced Intelligent Edge Systems in the industrial and social infrastructure field, and to establish a joint venture company for that purpose. The new company will develop these Intelligent Edge Systems by combining FANUC's technologies and expertise in machine tools and robots, Hitachi's knowledge of control technologies and other aspects of OT and IT in the front lines of manufacturing, and PFN's deep learning and distributed computing technologies. After establishing a joint venture company, the three companies will test business potential and create business plans, and then undertake actual system development and expand application fields.

Through the new company's activities, FANUC, Hitachi, and PFN will develop Intelligent Edge Systems and other next-generation control systems as part of efforts to promote collaborative creation aimed at the realization of Society 5.0(3).

Comment from Yoshiharu Inaba, Representative Member of the Board, Chairman and CEO of FANUC
"FANUC is planning to continue investing efforts into the development of FIELD systems as part of its activities targeting IoT. We believe that the activities of the joint venture company, as it strives to achieve faster, cyclic, real-time control, will have a positive effect on these development activities. As a company that has specialized in the field of factory automation, we will respond quickly and flexibly to the rapid introduction of IoT in the manufacturing industry, and continue to contribute to the growth and development of this industry in the future. We have great expectations for this joint venture company as a new phase of these activities."

Comment from Toshiaki Higashihara, President and CEO of Hitachi
"It is a great honor to work with FANUC and PFN in establishing this joint venture company. Through the Social Innovation Business, where we combine knowledge and expertise accumulated through more than 100 years of experience in OT and more than 50 years in IT, Hitachi strives to resolve issues faced by society, and achieve safer, more secure, and more comfortable lifestyles for everyone. Now, by merging the strengths of these three companies, we will develop and offer the world's most advanced Intelligent Edge Systems, to contribute to advancements in the field of industrial and social infrastructures."

Comment from Toru Nishikawa, President & CEO of Preferred Networks
"I am very pleased that we are able to begin these new activities so soon after the announcement of our capital tie-up with Hitachi in December of last year. PFN entered a capital tie-up with FANUC in 2015, and since then, we have been working together to create innovative manufacturing bases where machine learning and deep learning technologies are used to establish intelligent links between machine tools, robots, and other devices. Now, by establishing this joint venture company, our three companies will accelerate the development and provision of innovative technologies that leverage each of our respective specialty fields, to further advance this trend on a global scale."

(1)Intelligent Edge Systems: Systems that use AI as an intermediary between the Cloud and edge devices such as machine tools, industrial machinery, and robots to achieve cyclic, real-time control
(2)Yutaka Saito is scheduled to resign as Executive Vice President at Hitachi on March 31.
(3)A human-centered society that balances economic advancement with the resolution of social problems by a system that highly integrates cyberspace and physical space.

About FANUC CORPORATION

FANUC CORPORATION, headquartered at the foot of Mt. Fuji, Japan, is the global leader and the most innovative manufacturer of FA, ROBOT and ROBOMACHINE in the world. More than 260 offices in 45 countries, FANUC provides world-class customer service and support. Since its inception in 1972, FANUC has contributed to the automation of machine tools as a pioneer in the development of computer numerical control equipment. FANUC technology has been a leading force in a worldwide manufacturing revolution, which evolved from the automation of a single machine to the automation of entire production lines. For more information visit: http://www.fanuc.co.jp/eindex.htm.

About Preferred Networks, Inc.

Preferred Networks, Inc. (PFN, Headquarters: Tokyo, Japan, President and CEO: Toru Nishikawa) was founded in March 2014 with the aim of promoting business utilization of deep learning technology focused on IoT. PFN advocates Edge Heavy Computing as a way to handle the enormous amounts of data generated by devices in a distributed and collaborative manner at the edge of the network, driving innovation in various fields, with a focus on three business areas: transportation, manufacturing, and bio/healthcare. PFN develops and provides Chainer, an open source deep learning framework. PFN promotes advanced initiatives by collaborating with world leading organizations, such as Toyota Motor Corporation, FANUC CORPORATION, and the National Cancer Center. https://www.preferred-networks.jp/en/.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2014 (ended March 31, 2015) totaled 9,761 billion yen ($81.3 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at www.hitachi.com.

Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111

↧

MECOM Power and Construction Limited Announces Details of Proposed Listing on the Main Board of the Stock Exchange of Hong Kong Limited

January 30, 2018, 11:08 pm

≫ Next: WARC Media Awards 2017 - Effective Use of Tech winners announced

≪ Previous: FANUC, Hitachi, and Preferred Networks to Establish a Joint Venture Company for the Development of Intelligent Edge Systems

From left: Mr. Lao Ka Wa (Vice president), Mr. Lam Kuok Wa (Chief Operating Officer), Mr. Kuok Lam Sek (Chairman and Executive Director), Mr. Sou Kun Tou (Chief Executive, Officer, Deputy Chairman and Executive Director) and Ms. Tam Wing Yee (Finance Manager and Company Secretary)

Global Offering of 300,000,000 Shares;
Indicative Offer Price Range between HK$ 1.00 and HK$1.25 per Offer Share

HONG KONG, Jan 31, 2018 - (ACN Newswire) - MECOM Power and Construction Limited ("MECOM" or the "Group"), a renowned integrated construction engineering contractor and power substations constructor in Macau who specialising in highly challenging and complex structural steelworks and high voltage power substation construction projects, today announced the details of its proposed listing on the Main Board of the Stock Exchange of Hong Kong Limited ("SEHK").

Offering Details

The Group intends to offer a total of 300,000,000 Shares under the Global Offering (comprising 240,000,000 new Shares and 60,000,000 Sale Shares) (subject to the Over-allotment Option), of which 90%, or 270,000,000 Shares, are for International Placing (subject to reallocation and the Over-allotment Option) and the remaining 10%, or 30,000,000 Shares, are for Hong Kong Public Offering (subject to reallocation). The indicative Offer Price range per Offer share is between HK$1.00 and HK$1.25. After deducting the underwriting commissions and estimated total expenses paid and payable for the Global Offering, the net proceeds receivable by the Group will be approximately HK$203,700,000 to HK$261,600,000.

The Hong Kong Public Offering will commence at 9:00 a.m. on 1 February 2018 (Thursday), and end at 12:00 noon on 6 February 2018 (Tuesday). The final Offer Price and the allocation results are expected to be announced on 12 February 2018 (Monday). Dealing of the Shares is expected to commence on the Main Board of SEHK on 13 February 2018 (Tuesday) under the stock code 1183. The shares will be traded in board lots each of 2,000 shares.

Innovax Capital Limited is the Sole Sponsor of the listing. Innovax Securities Limited and Sinolink Securities (Hong Kong) Company Limited are the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers.

Investment Highlights

Strengthen leading market position in the construction industry in Macau
MECOM undertakes highly difficult and complex structural steelworks and high voltage power substation construction projects. Over the years, it has actively participated in the construction of world-class hotels and resorts in Macau, including a large scale integrated resort in Cotai featuring the world's largest water-based extravaganza, the world's first free-form exoskeleton skyscraper luxury hotel designed by a legendary architect, the ballroom and theatre roof structural steelworks of a Paris-themed casino resort in Cotai and public sector projects such as the power distribution system of the Hong Kong-Zhuhai-Macau Link Bridge. The Group expects the backlog revenue from 49 projects on hand as at 31 December 2017 to amount to approximately MOP625,600,000, and the contract value expected to be recognised for the years ending 31 December 2018, 2019 and 2020 are approximately MOP495,100,000, MOP105,900,000 and MOP24,600,000 respectively. Building on its good reputation and proven track record, the Group believes that it is well poised to bid and undertake more large-scale construction projects in Macau in the coming years.

Enhance financial position to seize business opportunities in Macau riding on its development potential
Aligning with the development blueprint in the "13th Five-year Plan" published by the Chinese Government in 2016, the Macau Government announced in the same year a five-year development plan to drive development of the city's tourism industry and turn the city into a world-class tourism centre. In its plan, the Macau Government expects to step up promoting construction of large-scale infrastructure, hotels and resorts. In 2016, the Macau Government revealed its urban development strategy which includes reclamation for land. The reclamation plus subsequent new construction activities are expected to drive development of the construction service industry in Macau. Moreover, after the Hong Kong-Zhuhai-Macau Link Bridge is completed and open for use, Macau will be linked to, in the Pearl River Delta in the east, Hong Kong and Zhuhai in Guangdong province, hence it can help expedite development of the Macau-Hong Kong-Guangdong Greater Bay Area, and in return, implementation of the Greater Bay Area strategy is expected to directly benefit the city's construction service industry. The Group believes the listing can give it access to the capital market, enable it to improve cashflow and working capital positions, and increase its fund-raising capability to support undertaking of more sizeable projects.

An award-winning construction contractor with diversified and high level experience and capabilities
In the past decade, the Group had participated in a wide range of high-profile, large-scale and technically challenging structural steelworks and civil engineering construction projects, as well as high voltage power substation construction projects, in Macau. Among those undertakings, three landmark projects won gold awards (Hong Kong-Macau Region) for structural steelworks from the China Construction Metal Structure Association. The winning projects are a large scale integrated resort in Cotai that features the world's largest water-based extravaganza, the world's first free-form exoskeleton skyscraper luxury hotel designed by a legendary architect, and the ballroom and theatre roof structural steelworks of a Paris-themed casino resort in Cotai.

As for construction of high voltage power substations and systems installation, the Group designed and built the 220/110kV Lotus Substation in Cotai, which is the largest high voltage power substation in Macau, for a sole concession public utility company which provides electricity in the city. In addition, with its facilities management, alteration and maintenance works and services complementary with its two main business streams, the Group can offer comprehensive one-stop solutions to customers. It is thus able to secure from clients longer term contracts that are unaffected by industry cycles, and in turn, provide itself with a steady alternative income stream.

Established strong and long-term business relationship with key customers and business partners
MECOM has a strong market reputation thanks to its insistence on setting high quality and technical standards, and its diversified experiences and capabilities. The Group has built strong long-term business relationships of between three to 10 years with key customers, including owners and operators of famous world-class hotels and resorts in Macau and leading US-based casino operators. With solid experience and capabilities, the Group not only has a competitive advantage in landing future contracts and assuring itself of a steady flow of repeat business and revenue, but also serves as testament to the marketing and business development efforts it has embarked on with new customers.

Sizeable and stable pool of engineering technicians and experienced management team
As installation of structural steelworks requires personnel with specialised skills, and building power substation demands mastering of sophisticated technologies, MECOM directly recruits skilled and trustworthy technicians. That has allowed it to effectively control the quality and performance of workers and related labour cost, to boost project efficiency and increase profit margin, in order to ensure work and service quality as well as efficient and reliable time and site management. The Group has 497 employees and an import quota for 488 foreign workers, giving it a steady labour supply reducing its reliance on service of sub-contractors' workers. To enhance the abilities of its professional teams, the Group plans to recruit additional skilled labour for different positions, a move that can bolster its sizeable and stable engineering technician team.

In addition, MECOM has an experienced management team, which boasts professional experience and knowledge of Macau's construction industry, and hence is able to take the Group's business forward in steady strides. The team is led by Mr. Kuok Lam Sek, Founder, Chairman and Executive Director, Mr. Sou Kun Tou, CEO and Executive Director, and Mr. Lam Kuok Wa and Mr. Lao Ka Wa, senior management team members, of the Group. They have around 35, 29, 20 and 24 years of experience in the construction industry respectively. Other management team members also have strong industry background and they have between 21 and 37 years of industry experience, conducive to driving long term development of the Group.

Business Strategies

The Group aims to strengthen its leadership as an integrated construction engineering contractor and power substation constructor in Macau and to enlarge its market share in the city. The Group stands out in its ability to bid for and undertake more large scale construction projects in Macau in the coming few years. At the same time, it plans to expand its financial capacity for issuing performance bonds that it may capture new business opportunities. The Group expects to be able to bid for more power-related projects and construction projects in Macau.

In addition, the Group plans to expand construction capacity by enhancing its machinery and equipment. That will enable the Group to better control costs and estimate bidding prices, as well as enhance its ability to meet the needs and requirements of different customers. To accommodate the new machineries and equipment, the Group needs additional storage space. Thus, it plans to acquire a warehouse and enhance storage facilities for its equipment and materials. It also plans to recruit additional staff to help improve and expand its different business segments.

Use of Net Proceeds

Assuming Over-allotment Option is not exercised, net proceeds from the Global Offering (after deducting underwriting fees paid and payable and estimated expenses in connection with the Global Offering) receivable by the Group are estimated at approximately HK$203,700,000 to HK$261,600,000 (with indicative Offer Price range per Offer share between HK$1.00 and HK$1.25). The Group intends to apply such net proceeds in the following manner:

Item / Percentage
Finance issuance of performance bonds when undertaking new projects: 43.0%
Acquire a warehouse to strengthen storage facilities for equipment and materials: 23.3%
Recruit additional staff for improving and expanding (a) facilities management, alteration and maintenance works and services and (b) structural steel works, civil engineering, construction, and fitting out and renovation works: 17.3%
Acquire additional machineries: 6.4%
General corporate purposes and working capital: 10.0%
Total: 100%

About MECOM Power and Construction Limited
MECOM Power and Construction Limited is a renowned integrated construction engineering contractor and power substations constructor in Macau specialising inhighly challenging and complex structural steelworks and high voltage power substation construction projects. The Group ranked fifth among Macau-based construction contractors in the civil engineering market and ranked second in high voltage power substation construction projects market in Macau. Over the last decade, MECOM has participated in a wide range of large-scale and high profile technically challenging structural steelworks and civil engineering construction projects as well as high voltage power substation construction projects in Macau. Among these works, three landmark projects were honoured with the gold award (Hong Kong-Macau Region) by China Construction Metal Strcuture Association. In addition, the Group's facilities management, alteration and maintenance works and services complement the two key business segments, enabling MECOM to provide seamless one-stop solutions to customers and enter into long term contracts with customers that are unaffected by industry cycles, which in turn provide a stable alternative income source.

Media Enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel.: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
Keris Leung Tel.: (852) 2864 4863 Email: keris.leung@sprg.com.hk
Janet Fong Tel.: (852) 2864 4817 Email: janet.fong@sprg.com.hk

↧

WARC Media Awards 2017 - Effective Use of Tech winners announced

January 31, 2018, 12:00 am

≫ Next: Yidan Prize Convenes Educating for the Future Conference in Cambridge

≪ Previous: MECOM Power and Construction Limited Announces Details of Proposed Listing on the Main Board of the Stock Exchange of Hong Kong Limited

Grand Prix campaign SeaHorse1

Grand Prix campaign SeaHorse2

jury chair Kristi Argyilan

Deutsche Telekom wins Grand Prix. Three golds go to Unilever, University of Sydney and Softologic

LONDON, Jan 31, 2018 - (ACN Newswire) - A global campaign from German mobile operator Deutsche Telekom has won the Grand Prix in the Effective Use of Tech category of the WARC Media Awards, honouring communications planning which has made a positive impact on business results.

The Best Use of Tech category recognises communications that have effectively used or combined emerging platforms or technology in the media mix.

As well as the Grand Prix, three Golds, two Silvers and four Bronzes have been awarded.

Additionally, three special awards for particular areas of expertise were given by the jury panel. The Early Adopter Award for how a brand successfully embraced a new platform; Most Scalable Idea Award, for a tech-led idea with the scope to make an impact within its sector and, potentially, beyond; and Best Use of Augmented or Virtual Reality Award for how enhancements through virtual or augmented reality - or both - helped a campaign fulfil its potential.

Grand Prix winner Deutsche Telekom's campaign, 'Sea Hero Quest', created in partnership with MediaCom and Saatchi & Saatchi, used a smartphone game to support research into dementia. The aim was to connect with consumers through its 'life is for sharing' brand belief by tackling the biggest threat to memory - dementia.

The game measured spatial navigation to create a benchmark against which dementia could be measured in the future. Against a target of 100,000, Deutsche Telekom achieved 3 million downloads creating usable data, which is being analysed by researchers at two universities. This success has also had a positive effect on Deutsche Telekom's brand, with an 18 point increase in brand approval in Germany.

"As judges, we all agreed that the most important thing was how each of the winners used their marketing assets to help solve bigger societal problems aligned with their brand purpose." said Kristi Argyilan, senior vice president of marketing for Target, and chair of the jury.

"That was especially true of our Grand Prix winner, Deutsche Telecom. They crafted a powerful and moving digitally-animated short story to bring awareness to the world's first-ever mobile game designed to help fight dementia. Their work, along with the rest of our winners, speaks tremendously to how technology can help brands do great things for the world around us."

A Gold has been awarded to Australian agency The Monkeys for their 'Dynamic Recruitment' campaign for The University of Sydney. They used programmatic to deliver highly personalised ads which led to an increase in postgraduate applications and a reduction in cost per acquisition.

Kinetic and Mindshare in the UK won a Gold for their 'Bigger Than Suicide' campaign for Unilever's Lynx. The brand worked with suicide charity CALM to create a series of digital out-of-home ads, which were integrated with a social media campaign to increase awareness of suicide among young men in the UK.

The third Gold went to Mindshare Sri Lanka for 'The campaign that saved 2500 lives' which saw insurance company Softlogic Life develop a SMS emergency hotline which was directly linked to the Disaster Management Center in order to help rescue the victims of floods during the monsoons in Sri Lanka.

The full winners list of WARC's Media Awards 2017 - Effective Use of Tech is:

Grand Prix

- Sea Hero Quest - Deutsche Telekom - MediaCom, Saatchi & Saatchi - Global + Early Adopter Award

Gold

- Dynamic recruitment - The University of Sydney - The Monkeys - Australia
- Bigger Than Suicide - Lynx - Unilever - Kinetic UK, Mindshare - United Kingdom
- The campaign that saved 2500 lives - Softlogic Life Insurance - Softlogic Holdings - Mindshare - Sri Lanka + Most Scalable Idea Award

Silver

- React to shamers - Always - Procter & Gamble - MediaCom - Israel + Best Use of Virtual Reality Award
- Smart = Sexy - Lifestyles, Blowtex - Ansell - Brazil, US

Bronze

- Inspiring weather to grill, or not - Johnsonville Fresh Bratwurst - Johnsonville Sausage Company - CompassPoint Media - United States
- #AdaAQUA campaign with #PathDaily - AQUA - Danone - Havas Media - Indonesia
- Humans 2: Closer to perfect than ever before - Channel 4 - OMD UK, 4creative - United Kingdom
- From inside the plot - Fiat - People Initiative - Turkey

To see the winning case studies of Effective Use of Tech as well as in Best Use of Data, Effective Channel Integration and Effective Use of Partnerships & Sponsorships categories, or for more information on the global WARC Media Awards please view at www.warc.com/mediaawards.prize.

WARC will be holding a free-to-attend 'Lessons from the WARC Media Awards' event in London on 6 February, where attendees can hear from winners and judges. Register at content.warc.com/warc-event-lessons-from-the-warc-media-awards-registration to attend.

About WARC

- your global authority on advertising and media effectiveness

warc.com is an online service offering advertising best practice, evidence and insights from the world's leading brands. WARC helps clients grow their businesses by using proven approaches to maximise advertising effectiveness. WARC's clients include the world's largest advertising and media agencies, research companies, universities and advertisers.

WARC hosts four global and two regional case study competitions: WARC Awards, WARC Innovation Awards, WARC Media Awards, The Admap prize, WARC Prize for Asian Strategy and WARC Prize for MENA Strategy.

WARC also publishes leading journals including Admap, Market Leader, the Journal of Advertising Research and the International Journal of Market Research. In addition to its own content, WARC features advertising case studies and best practices from more than 50 respected industry sources, including: ARF, Effies, Cannes Lions, ESOMAR and IPA.

Founded in 1985, WARC is privately owned and has offices in the UK, U.S. and Singapore.

Contact:
Amanda Benfell
PR Manager
+44 20 7467 8125
amanda.benfell@warc.com

↧

Yidan Prize Convenes Educating for the Future Conference in Cambridge

January 31, 2018, 12:00 am

≫ Next: Sony Music Entertainment & Tencent Music Entertainment Group launch Liquid State

≪ Previous: WARC Media Awards 2017 - Effective Use of Tech winners announced

Opening keynote by Dr Charles Chen Yidan, Founder of the Yidan Prize

Closing keynote by Vicky Colbert, Yidan Prize for Education Development Inaugural Laureate

A meet-and-greet session between Dr Charles Chen Yidan, Founder of the Yidan Prize and Prof Stephen Toope, Vice-Chancellor of the University of Cambridge

HONG KONG, Jan 31, 2018 - (ACN Newswire) - Dr Charles Chen Yidan, founder of the world's biggest education prize - the Yidan Prize, addressed leading global academics and educators on key issues facing the sector at the Yidan Prize Cambridge Conference on 29-30 January 2018. Also speaking alongside Dr Chen was one of the two inaugural laureates of the Yidan Prize, Ms Vicky Colbert, founder and director of Fundacion Escuela Nueva in Colombia.

Convened at the University of Cambridge and titled "Educating for the Future", the conference examined the global economic and social challenges driving the need for transformational education reform, and the changes needed for education systems - and teachers and education practitioners in particular - to adapt to the rapid pace of change in our world today.

Dr Charles Chen Yidan said: "Educating for the future is a very broad topic covering issues ranging from changes in educational models to making sure students get the necessary skills to thrive in an automated world. It is also a topic that is so critical that more informed discussions are needed around the world in order for the transformation to happen at a global scale.

"I am honored to have had the opportunity to join our inaugural laureate, Ms Vicky Colbert, together with many other outstanding educators, at the Yidan Prize Cambridge Conference to deep dive into exploring the actions that need to be taken as we move forward."

Following the huge success of the Yidan Prize Summit in Hong Kong in December 2017, which brought together over 350 world leaders on education for an interactive dialogue on "Education Redefined: The Future is Now", the Yidan Prize Foundation took this much-needed debate to one of the world's leading universities for another round of thought-provoking discussions at the Yidan Prize Cambridge Conference, held at the Frankopan Hall in Jesus College.

In addition to celebrating the achievements of the recent Yidan Prize recipients, Ms Vicky Colbert and Dr Carol S. Dweck, Lewis and Virginia Eaton Professor of Psychology at Stanford University, the Cambridge conference brought together leading figures from the worlds of education research, education practice, psychology and international development to debate what high-quality education looks like and how it can become reality for all children globally.

About the 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 independent trust. Each prize carries an award of HK$30 million, with a cash award of HK$15 million, a further HK$15 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.

Media contacts:
Yidan Prize Foundation
Brian Yeung
Tel: +852 2155 4892
Email: brian@yidanprize.org

EM
Peter Morley
Tel: +44 7927 186 645
Email: morley@em-comms.com

↧

Sony Music Entertainment & Tencent Music Entertainment Group launch Liquid State

January 31, 2018, 2:00 am

≫ Next: Fujitsu and Polaris Reach Share Transfer Agreement for the Reorganization of Fujitsu's Mobile Device Business

≪ Previous: Yidan Prize Convenes Educating for the Future Conference in Cambridge

Liquid State ambassadors and Alan Walker collaborator

Cussion Pang and Denis Handlin

Liquid State launch

Liquid State: 'East Meets West on the Dancefloor'

HONG KONG, Jan 31, 2018 - (ACN Newswire) - Sony Music Entertainment and Tencent Music Entertainment Group today announced in Hong Kong the launch of electronic dance music label Liquid State.

Liquid State is the new home for electronic and EDM artists from the Asia region and internationally. The label will be discovering, showcasing and developing the abundant existing local talent to create original content, whilst providing unrivalled support for international artists in the region.

Liquid State will be the premier dance and electronic community and lifestyle brand across the region, also incorporating live touring, club events and special exclusive experiences.

Liquid State will further enhance the incredible growth of dance music in the Asia region, which has seen EDM festivals skyrocket to a record number and the evolution of a vibrant local club scene.

Liquid State will feature original content through the leading global record label expertise of Sony Music with Tencent Music Entertainment's powerhouse marketing and digital services including QQ Music, Kugou Music and Kuwo Music. In addition, Tencent media channels such as WeChat, QQ, Tencent Video and QZone will also support Liquid State and its artists.

Global superstar and multiplatinum-selling Sony Music artist Alan Walker will be an integral part of Liquid State, with the talented 20 year old Norwegian set to release a string of exclusive collaborations on the label in 2018. In 2017, Walker took the number 1 position on the QQ Music charts with a record number 6 billion audio streams and was highest climber in the Top 100 DJ Mag poll. He entered the music scene with his breakthrough single 'Faded' in Dec 2015, selling more than 9.4 million units worldwide and recording 1.6 billion streams. He is the first in a wave of international DJs and collaborators to be a part of the Liquid State movement.

Three of Asia's most popular superstars have signed on as ambassadors for Liquid State across the region, with Chinese pop superstar Chris Lee as ambassador for Chinese mainland, internationally acclaimed singer and actor Nicholas Tse as ambassador for Hong Kong and Taiwan, and multi-talented phenomenon from BIGBANG, Seungri as ambassador for South Korea.

Tencent Music Entertainment has enjoyed long-standing relationships and successes with the three ambassadors. Previously, Chris Lee's digital album 'Liu Xing' and Nicholas Tse's digital single 'Yi Xiang Tian Kai' were released on Tencent Music Entertainment music platforms and both artists are part of the Tencent Music Entertainment Music+ Project. With Liquid State, the three ambassadors will be involved in exciting music collaborations across the dance genre.

Alan Walker comments, "Asia has always been such a special place for me so I'm thrilled to be here today to help Sony Music and Tencent with the launch of Liquid State. They have each played such a huge role in my career so far, and now that they are joining forces, I'm convinced that Liquid State will grow to play a significant role in breaking new artists from Asia on a global scale, as well as enabling international artists to unleash the huge potential that lies within the Asian market."

In addition to Walker, Liquid State's initial roster sees more incredible talent from across the electronic music spectrum, with Grammy-nominated global star ZHU, and multi-award winning Dubai based duo Hollaphonic, both set to release music through the label in the coming months. China's DJ Lizzy and Korean duo Junkilla are the first artists from the Asia region to be signed to Liquid State.

Denis Handlin AO, Chairman & CEO, Australia & New Zealand and President Asia, Sony Music Entertainment, comments, "I am delighted to announce the launch of Liquid State with Tencent Music Entertainment Group. These are exciting times for the music industry and Liquid State has been created to support and enhance the discovery and development of electronic and EDM talent across the Asia region.

"Together we will make Liquid State the destination for a wide range of highly talented new and established global and local artists. I would also like to thank Tencent for sharing the passion and vision to provide music fans in China and around the world with exciting new music, unique experiences and incredible artists through Liquid State."

Cussion Pang, CEO of Tencent Music Entertainment Group comments, "With the formation of Liquid State, our goal is to create an unmatched culture exchange between the East and the West through the power of electronic dance music. It is a music genre like no other, and together with Sony Music Entertainment, we aim to build a win-win solution for all of our stakeholders and believe that the collaboration will give birth to some truly memorable moments in both the music and culture sectors for years to come."

-- www.liquidstate.co | #liquidlaunch2018 --

- Instagram: www.instagram.com/liquidstate_co
- Facebook: www.facebook.com/liquidstate.co
- Twitter: www.twitter.com/liquidstate_co
- Weibo: www.weibo.com/liquidstateco
- QQ: www.t.qq.com/liquidstate

For high resolution images, please download from:
https://ogilvy.egnyte.com/dl/NiNRKqWTh7

For further information, please contact:
Rouhui Wong
Ogilvy Public Relations, Hong Kong
+852 2884 8908 | rouhui.wong@ogilvy.com

About Tencent Music Entertainment Group
With three major music service providers including QQ Music, Kugou and Kuwo, TME is a leading online music service company in China, providing services such as digital music players, mobile online karaoke, live music shows, copyright delegation, advertisements, and other music derivative businesses. It is committed to providing music services optimised for China market needs, including bringing music listeners high quality digital music services serving multiple use cases, helping music producers drive authorized content development, and contributing towards the advancement of China's overall digital music industry.

About Sony Music Entertainment
Sony Music Entertainment is a global recorded music company with a current roster that includes a broad array of both local artists and international superstars. The company boasts a vast catalogue that comprises some of the most important recordings in history. It is home to premier record labels representing music from every genre, including Arista Nashville, Beach Street Records, Black Butter Records, BPG Music, Bystorm Entertainment, Century Media, Columbia Nashville, Columbia Records, Day 1, Descendant Records, Disruptor Records, Epic Records, Essential Records, Essential Worship, Flying Buddha, Fo Yo Soul Recordings, House of Iona Records, Insanity Records, Kemosabe Records, Latium Entertainment, Legacy Recordings, Louder Than Life, Masterworks, Masterworks Broadway, OKeh, Polo Ground Music, Portrait, RCA Inspiration, RCA Nashville, RCA Records, Relentless Records, Reunion Records, Sony Classical, Sony Music Latin, Star Time International, Syco Music, Vested in Culture and Volcano. Sony Music Entertainment is a wholly owned subsidiary of Sony Corporation.

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Fujitsu and Polaris Reach Share Transfer Agreement for the Reorganization of Fujitsu's Mobile Device Business

February 1, 2018, 2:08 am

≫ Next: Hitachi to Strengthen Business Structures for Global Expansion of the Social Innovation Business

≪ Previous: Sony Music Entertainment & Tencent Music Entertainment Group launch Liquid State

TOKYO, Feb 1, 2018 - (JCN Newswire) - Fujitsu Limited and Polaris Capital Group Co., Ltd., today announced that they have concluded a contractual agreement for Fujitsu to transfer shares in Fujitsu Connected Technologies Limited, a consolidated subsidiary of Fujitsu, as well as shares in a new company that will take over the mobile device business of Fujitsu Peripherals Limited, to a new company that Polaris will establish. The two companies aim to complete the share transfer by the end of March 2018.

Background and Purpose of the Transfer

As the mobile device business has become increasingly commoditized, competition among global vendors has intensified. In light of this environment, in February 2016 Fujitsu performed a Company split of Fujitsu Connected Technologies as a wholly owned subsidiary handling the mobile device business, thereby clarifying management responsibilities and building a structure that could accelerate management decision-making and pursue thorough streamlining.

Now, in order to accelerate the development of Fujitsu Connected Technologies' next-generation devices geared toward the era of 5G and IoT, as well as the development of new service businesses, Fujitsu has made a management decision to transfer shares in Fujitsu Connected Technologies to Polaris. This management decision represents an even higher level of autonomy for Fujitsu Connected Technologies. In line with this, it will become possible to conduct business operations that leverage to the maximum extent Fujitsu Connected Technologies' relationships of trust with communications companies nurtured over many years, its brand strength cultivated through devices catering to the needs of seniors, and a broad range of technological prowess (wireless, biometric authentication, security and other basic technologies, as well as power saving and thermal control technologies). At the same time, with regard to Fujitsu Peripherals' company factories that handle the development, manufacture and repair of ubiquitous products including mobile devices, Fujitsu decided to conduct a Company split in order to expand its original design manufacturing (ODM) and electronics manufacturing services (EMS) businesses as independent business entities, and to transfer those shares to Polaris.

Polaris believes that these businesses hold the potential for further growth, given the strengths of such brands as the Raku Raku smartphone series, which enjoys overwhelming support from seniors, the perennially popular arrows smartphone series, and also the highly advanced technological expertise that supports the development of such products. In addition, the building of new businesses that utilize the Raku Raku Community, one of Japan's premier social networks catering to seniors, and other initiatives will also enhance future growth. Polaris has experiences in multiple projects of manufacturing, IT and mobile business, as well as large company carve-out-type projects. Armed with the knowledge and experience cultivated in these projects, it will smoothly and rapidly build the structure necessary for an independent business, while maintaining a firm hand on the strengths and unique characteristics of these businesses. Specifically, the company aims to maximize the corporate value of these businesses by positively supporting a growth strategy centered on such pillars as investing in the development of new technology with an eye toward the era of 5G and IoT, expanding the revenue base through a variety of alliances and strategic M&A, delivering new products and services focused on the next generation, and expanding the EMS business.

Overview of the Transfer

Fujitsu will set up a new company called Japan EM Solutions Limited, which will take over Fujitsu Peripherals' mobile device business. In addition, the Raku Raku Community SNS for seniors will be handed over to Fujitsu Connected Technologies. Fujitsu will then transfer shares of both Fujitsu Connected Technologies and Japan EM Solutions to the successor company, and under the new structure will retain for itself 30% and 19%, respectively, of Fujitsu Connected Technologies and Japan EM Solutions shares.

Even after migration to the new structure, Fujitsu Connected Technologies will continue to offer products under the telecommunications carrier-focused Raku Raku and arrows brands, as well as products in its own in-house brands.

Fujitsu Peripherals will conduct ODM business with regard to the development and manufacturing of printers as well as a variety of manufacturing equipment, as a wholly owned subsidiary of Fujitsu.

Future Outlook

Fujitsu expects that the impact on its profit for the period attributable to the owners of the parent in its consolidated financial results for the 2017 fiscal year due to the transfer of shares will be approximately 30 billion yen.

About Polaris

Polaris is a leading buyout firm in Japan, and has invested in about 30 Japanese companies with a persistent focus on carve-out from large conglomerates and business succession from individual owners. Since its inception in 2004, Polaris's cumulative capital raised has reached almost JPY200 billion. Our target sectors include (1) technology and manufacturing, (2) consumer goods, retail and wholesale businesses, (3) services logistics, media and entertainment companies. For more information, please see http://www.polaris-cg.com/us/index.html.

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 Limited
Public and Investor Relations
Tel: +81-3-3215-5259
URL: www.fujitsu.com/global/news/contacts/

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Hitachi to Strengthen Business Structures for Global Expansion of the Social Innovation Business

February 1, 2018, 2:24 am

≫ Next: DENSO to Strengthen R&D Capabilities and Collaboration with New Tokyo Facility

≪ Previous: Fujitsu and Polaris Reach Share Transfer Agreement for the Reorganization of Fujitsu's Mobile Device Business

TOKYO, Feb 1, 2018 - (JCN Newswire) - Hitachi, Ltd. (TSE:6501) announced today that on April 1, 2018, it will strengthen its business structures as outlined below, to expand the Social Innovation Business, and to further evolve Hitachi into a true global company.

1. Strengthening structures for the global expansion of the Social Innovation Business using digital technologies

In order to achieve further growth in the Hitachi Group through the global expansion of the Social Innovation Business using digital technologies, Executive Vice President Keiichi Shiotsuka, who is the Head of the Systems & Services Business Division, will undertake a concurrent position as Head of the Social Innovation Business. Senior Vice President Yoshitaka Tsuda will act as Deputy Head of the Social Innovation Business. Both Executive Officers will collaborate with Front Business Units in supervising the creation of strategies for digital solutions business as well as approaching customers and securing new strategic projects. The goal of these new appointments is to promote the use of digital technologies in the Social Innovation Business, which combines Hitachi's strengths in Operational Technologies (OT), IT, and products, and to accelerate the delivery of digital solutions.

Mr. Hicham Abdessamad will continue to lead the expansion of the Social Innovation Business using digital technologies in the context of global business. On April 1, Mr. Abdessamad will be appointed CEO of Hitachi Global Digital Holdings Corporation(1) , the holding company for Hitachi Vantara Corporation and Hitachi Consulting Corporation. In this capacity, he will lead the development and implementation of strategies to strengthen the global deployment of digital solutions using "Lumada."

2. Strengthening structures for Monozukuri (manufacturing), quality assurance, and the Hitachi
Smart Transformation Project

Providing reliable products and services is an important mission for Hitachi in terms of expanding the Social Innovation Business as a platform that supports society. On April 1, Executive Vice President Hideaki Takahashi will be appointed Chief Transformation Officer (CTrO), to further strengthen the delivery of highly reliable products and services. He will leverage his experience in Hitachi Group's large-scale acquisitions and in promoting various reforms, including Group company reorganizations, as he leads activities in Monozukuri, quality assurance, and the Hitachi Smart Transformation Project. Vice President Kentaro Masai will undertake a position under the CTrO, promoting reforms in Monozukuri and quality assurance. Meanwhile, Senior Vice President Shinichiro Omori will work with CTrO Takahashi in promoting the Hitachi Smart Transformation Project, including Headquarters reforms. Based on this structure, Hitachi will continue to provide customers with products that guarantee both safety and quality.

3. Activities by various people on the Executive Officer level

Hitachi promotes diversity as part of its management strategies, and is creating new value and solutions to resolve issues faced by customers and society by appointing diverse talent on the Executive Officer level, including non-Japanese persons and those who came from outside of the Hitachi Group. Among the personnel changes announced today, Mr. Yoshihiko Kawamura, who joined Hitachi in 2015, will take over the responsibility for management strategies as Senior Vice President and CSO. Dr. Brice Koch, who joined Hitachi in 2017, will use his extensive experience in global business to lead operations as President & CEO of Hitachi Automotive Systems, Ltd. In this way, by having various personnel apply their extensive experience in their respective fields to the operations on the Executive Officer level, Hitachi will create new value and solutions for customers and society, further expanding the Social Innovation Business.

(1) On April 1, Hitachi Information & Telecommunication Systems Global Holding Corporation will be renamed Hitachi Global Digital Holdings Corporation.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2014 (ended March 31, 2015) totaled 9,761 billion yen ($81.3 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at www.hitachi.com.

Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111

↧

DENSO to Strengthen R&D Capabilities and Collaboration with New Tokyo Facility

February 1, 2018, 3:35 am

≫ Next: HKTDC Education & Careers Expo Opens with 2,400 jobs on offer

≪ Previous: Hitachi to Strengthen Business Structures for Global Expansion of the Social Innovation Business

- New office in Minato-ku will foster innovation across DENSO's R&D bases worldwide -

TOKYO, Feb 1, 2018 - (JCN Newswire) - DENSO Corporation, one of the world's largest automotive suppliers, today announced it will open a new office in Minato-ku, Tokyo in April 2018 to conduct R&D on advanced driver assistance (ADAS), automated driving, and connected vehicles. DENSO will transfer part of the R&D functions currently located in its head office in Aichi Prefecture and existing Tokyo office to the new facility and expand its workforce to improve R&D capabilities through the early 2020s.

The new R&D office will not only develop advanced technologies, but also work with the head office to organize and lead the operations of DENSO's satellite R&D bases worldwide. Regional hubs will play a larger role in R&D as DENSO decentralizes development in 2018 to become more agile and expedite innovation. The new office will collaborate with universities, research institutes, startups, and other partners around the world to develop new technologies by leveraging the characteristics of each region, and will formulate and carry out business ideas to develop competitive products that better meet the needs of customers. These partnerships align with DENSO's widespread adoption of safety technologies that will play a critical role in the advancement of future mobility.

DENSO continues its core mission to focus on developing technologies advancing safety and environmental sustainability and creating mobility that contributes to society and improves people's lives.

About Denso

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

Contact:
Sadayoshi Yokoyama, Toshiko Watanabe 
DENSO CORPORATION 
Phone: 81-566-25-5594 
Fax: 81-566-25-4509 
sadayoshi_yokoyama@denso.co.jp 
toshiko_watanabe@denso.co.jp

↧

HKTDC Education & Careers Expo Opens with 2,400 jobs on offer

January 31, 2018, 7:00 pm

≫ Next: Mazda's Vision Coupe Named 'Most Beautiful Concept Car of the Year' in France

≪ Previous: DENSO to Strengthen R&D Capabilities and Collaboration with New Tokyo Facility

Guests attending today's opening ceremony of the 28th Education & Careers Expo

Features Learning and Employment Opportunities; On-site Job Recruitment

HONG KONG, Feb 1, 2018 - (ACN Newswire) - Chance favours only the prepared mind! The 28th HKTDC Education & Careers Expo kicked off today and continues through 4 February at the Hong Kong Convention and Exhibition Centre (HKCEC). Open to the public free of charge, the expo is organised by the Hong Kong Trade Development Council (HKTDC) to provide a wealth of information on education and job opportunities for students and visitors at different stages of life and career paths to better equip themselves.

The Honourable Caspar Tsui, Under Secretary for Labour and Welfare of the Hong Kong Special Administrative Region (HKSAR) Government, officiated at this morning's opening ceremony. "Entering its 28th edition, the Expo has become a signature event in Hong Kong," said Margaret Fong, Executive Director, HKTDC, in her opening speech. "It is a valuable platform for students and job seekers to connect with a wide range of institutions and employers, and to get the best advice on education and employment opportunities." This year's Expo welcomes 870 educational institutions, professional associations, government departments, public organisations and private enterprises from 22 countries and regions.

Diverse education opportunities

The expo features the Education Zone and Careers Zone. The Education Zone gathers various local universities, higher education institutions and professional organisations, including the Vocational Training Council (VTC), Hong Kong Shue Yan University, Hang Seng Management College, Chu Hai College of Higher Education, Construction Industry Council and YMCA, where students, parents and individuals can find a wealth of information about their programmes.

Studying abroad is an enriching experience for young people. The expo's education theme days focus on several popular destinations for studying abroad, including the Chinese mainland (1 February), the United States (2 February), Europe (3 February), as well as Australia and New Zealand (4 February). Education service consultants will be on-site to advise on the admission procedures, entry requirements and campus life in these destinations. Visitors can also find abundant information and consultancy services on studying and working abroad at the "International Exchange Village", representing Consulate General (CG) offices and officially recognised bodies from Japan, Korea, the Netherlands, Mexico, South Africa, Sweden, and Belt and Road countries including the Czech Republic and Hungary.

Career theme days highlight employment trends

Understanding the nature and prospect of the job is of the essence when it comes to career planning. This year's expo features four career theme days, highlighting employment trends and job opportunities in relevant industries. They are:

(New) Arts & Culture (1 February): Supported by the Vocational Training Council (VTC) and first-time exhibitor West Kowloon Cultural District Authority, and the Leisure and Cultural Services Department, a range of seminars on job nature and requirements for careers related to culture, arts and museums are featured. The West Kowloon Cultural District Authority is introducing a six-month M+ internship programme for those looking to enter the museum industry. Recruiting on-site during the expo, the Leisure and Cultural Services Department is seeking leisure services and musical officers. VTC graduates are also presenting industry-collaboration projects that incorporate technology and STEM elements.

Electrical & Mechanical (2 February): The Electrical and Mechanical Exhibition Zone under the Hong Kong Electrical and Mechanical Trade Promotion Working Group, comprising 19 institutions including the Electrical and Mechanical Services Department, CLP, MTR and the Water Supplies Department, offers information on the latest developments of the industry, as well as training and job opportunities.

(New) Banking & Finance (3 February): Co-organised by the HKTDC and the Hong Kong Institute of Bankers, financial institutions such as Hang Seng Bank, Nanyang Commercial Bank Ltd, and the Hong Kong Institute of Bankers will cover the job nature and explore opportunities from Financial Technology also known as Fintech and how to obtain qualifications to become a certified banker during the theme day.

(New) Civil & Public Services (4 February): Representatives from government departments, the disciplined services, such as the Hong Kong Fire Services Department, the Police Force, the Immigration Department, the Correctional Services Department, the Customs and Excise Department, along with public bodies Airport Authority and HKTDC, will introduce various posts and recruitment details.

Close to 2,400 job opportunities on-the-spot

The Youth Zone returns this year with information on further education and career planning for young people. Representatives from the Labour Department will introduce the Youth Employment and Training Programme, which is designed to support local youth employment, and provide information on various overseas employment and working holiday programmes.

The expo also offers on-site job recruitment by various government departments and public and private organisations, including the Police Force, Fire Services Department, Immigration Department, the Airport Authority, West Kowloon Cultural District Authority, Centaline Property Agency Ltd and DKSH. Nearly 2,400 job vacancies, comprising full-time jobs, summer jobs and internships, are on offer during the expo.

Expert sharing on career development

More than 100 on-site activities will be held during the expo this year, including police dog unit and fire investigation dog performances, seminars on DSE and IELTS examination tips, as well as talks on further studies, career prospects and working holiday.

On 3 February, veteran educator Hui Shing-yan will share tips on studying liberal studies and preparing for the DSE examinations. Elton Chau, General Manager, NTK Academic Group, will talk about the International Baccalaureate Diploma Course (IB) programme on 4 February.

Other events include a seminar featuring Teddy Head, who will offer tips on becoming a professional YouTuber (2 February). Travel show personality Chris Leung, who obtained eight As in the HKCEE and was chosen to be among the three finalists for "the Best Job in the World Campaign" in Australia, will share how to turn one's passion into a career in the seminar "What's your dream life?" (4 February). Reo Lam, Business Director, CTgoodjobs will share how to make use of body language to excel in workplace (4 February).

On 3 February, a range of working holiday seminars will also be staged, detailing job types and eligibility of working holiday programmes in Austria, France, Germany, Japan and Sweden.

Date & Opening Hours
- 1 February (Thursday) 10:30am-7pm, Arts & Culture, Chinese mainland
- 2 February (Friday) 10:30am-7pm, Electrical & Mechanical, United States
- 3 February (Saturday) 10:30am-7pm, Banking & Finance, Europe
- 4 February (Sunday) 10:30am-6pm, Civil & Public Services, Australia and New Zealand

Fair website: hkeducationexpo.hktdc.com
Event Schedule: http://bit.ly/2mfv3bC
Photo Download: http://bit.ly/2EvNNNe

About HKTDC

Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn.
- Google+: https://plus.google.com/+hktdc
- Twitter: http://www.twitter.com/hktdc
- LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

Contact:
Selina Fan
Tel: +852 2584 4298
Email: selina.mi.fan@hktdc.org

↧

Mazda's Vision Coupe Named 'Most Beautiful Concept Car of the Year' in France

January 31, 2018, 7:36 pm

≫ Next: Eisai: Primary Endpoint Met in Phase II / III Clinical Study of Investigational Parkinson's Disease Treatment Safinamide in Japan

≪ Previous: HKTDC Education & Careers Expo Opens with 2,400 jobs on offer

HIROSHIMA, Japan, Feb 1, 2018 - (JCN Newswire) - Mazda Motor Corporation has announced that the Mazda Vision Coupe was named the "Most Beautiful Concept Car of the Year" on January 30 (local time), at the 33rd Festival Automobile International held in Paris, France.

The award celebrates the freshest, most creative and most beautiful concept cars, as chosen by a jury of prominent designers working in fashion, architecture and other industries. Mazda RX-Vision won the same honor in 2016, making this a double win for the two concept models that will guide the design of the next generation of Mazda cars.

"Vision Coupe uses reflections to express a sense of vitality; the next step for KODO design," said Ikuo Maeda, Mazda's Managing Executive Officer in charge of Design and Brand Style. "This car embodies a delicate Japanese aesthetic, and to be recognized here in the 'City of Art' two years after RX-VISION was awarded the same honor is very gratifying. We want to retain our identity as a Japanese brand as we continue making cars with global appeal."

Revealed in 2017, Vision Coupe is a design vision model for the next generation of Mazda cars. Featuring a simple and flowing "one motion" form, it embodies a more mature interpretation of the KODO-Soul of Motion design language tempered with a Japanese aesthetic. Taking cues from the Mazda Luce Rotary coupe and other models that comprise Mazda's design heritage, the styling is elegant and projects a premium feel.

Vision Coupe is on display with other concept cars at Hotel national des Invalides from January 31 through February 4 (local time).

About Mazda

Mazda Motor Corporation (TSE: 7261) started manufacturing tools in 1929 and soon branched out into production of trucks for commercial use. In the early 1960s, Mazda launched its first passenger car models and began developing rotary engines. Still headquartered in Hiroshima in western Japan, Mazda today ranks as one of Japan's leading automakers, and exports cars to the United States and Europe for over 30 years. For more information, please visit www.mazda.com

Contact:
Corporate Communications Division
Mazda Motor Corporation, Japan
+81-3-3508-5056 [Tokyo]
+81-82-282-5253 [Hiroshima]
mailto: media@mazda.co.jp

↧

Eisai: Primary Endpoint Met in Phase II / III Clinical Study of Investigational Parkinson's Disease Treatment Safinamide in Japan

January 31, 2018, 8:20 pm

≫ Next: Moving beyond graphene

≪ Previous: Mazda's Vision Coupe Named 'Most Beautiful Concept Car of the Year' in France

TOKYO, Feb 1, 2018 - (JCN Newswire) - Eisai Co., Ltd. and Meiji Seika Pharma Co., Ltd. announced today that the primary endpoint was met in a Phase II/III clinical study on the investigational Parkinson's disease treatment ME2125 (safinamide mesylate, "safinamide") in patients with Parkinson's disease. Having received the results of the study, Meiji plans to submit a marketing authorization application for safinamide in Japan during 2018.

The study was a multicenter, double-blind, placebo-controlled, randomized, parallel group study to evaluate the efficacy and safety of two doses of safinamide (50 and 100 mg, once a day for 24 weeks) administered orally as add-on therapy in Japanese patients with Parkinson's disease with wearing-off phenomenon(1) who are currently receiving levodopa. The study was conducted by Meiji in Japan in accordance with the licensing agreement between the two companies. In this study, the primary endpoint was the change in mean daily "on" time(2) from baseline to 24 weeks of the treatment phase.

From the preliminary results of the study, the safinamide group (50 and 100 mg/day, respectively) demonstrated a statistically significant increase in "on" time compared to the placebo group. In addition, the four most commonly reported adverse events in the safinamide groups in the study were nasopharyngitis, dyskinesia, fall, and contusion.

Under the agreement signed between Eisai and Meiji in March 2017, Eisai obtained the exclusive rights to safinamide to market in Japan and to develop and market in Asia(3). Meiji will continue the clinical trials that it is currently conducting and submit a marketing authorization application for the drug in Japan. Meanwhile, Eisai will conduct clinical trials for seeking regulatory approval, and make the applications in Asia.

Through the development of safinamide, Eisai and Meiji will make further contributions to address the diversified needs of, and increase the benefits provided to, Parkinson's disease patients and their families.

(1) Wearing off phenomenon: As the disease progresses, levodopa's duration of effect ("on" time) decreases, and Parkinson's disease symptoms return before the next dose
(2) On time: Period of time in which Parkinson's disease symptoms are suppressed due to the effect of levodopa
(3) South Korea, Taiwan, Brunei, Cambodia, Laos, Malaysia, the Philippines, Indonesia, Thailand, Vietnam, Myanmar, Singapore, Hong Kong, Macao

About Eisai

Eisai Co., Ltd. (TSE:4523; ADR:ESALY) is a research-based human health care (hhc) company that discovers, develops and markets products throughout the world. Eisai focuses its efforts in three therapeutic areas: integrative neuroscience, including neurology and psychiatric medicines; integrative oncology, which encompasses oncotherapy and supportive-care treatments; and vascular/immunological reaction. Through a global network of research facilities, manufacturing sites and marketing subsidiaries, Eisai actively participates in all aspects of the worldwide healthcare system. For more information about Eisai Co., Ltd., please visit www.eisai.com.

Contact:
Eisai
Public Relations Department,
Eisai Co., Ltd.
+81-3-3817-5120

↧

Moving beyond graphene

January 31, 2018, 11:30 pm

≫ Next: Ingredion Incorporated Reports Solid Fourth Quarter 2017 Results and Record Full-Year Earnings Per Share

≪ Previous: Eisai: Primary Endpoint Met in Phase II / III Clinical Study of Investigational Parkinson's Disease Treatment Safinamide in Japan

Developing 2D materials similar to graphene remains a challenge, but chemists are making progress - moving closer to smaller and faster electronics and photonics.

Tsukuba, Japan, Feb 1, 2018 - (ACN Newswire) - Chemists are working to synthesize the next generation of super materials for high-performance electronics, solar cells, photodetectors and quantum computers. While they have made progress with compound materials, they have not yet succeeded in developing unaltered or "freestanding" materials for such devices, according to a review published in the journal Science and Technology of Advanced Materials.

Graphene is a carbon material derived from graphite, the same type of material found in pencils, but it is arranged in a one-atom-thin honeycomb lattice. Discovered in 2004, graphene's two-dimensional arrangement gives it "extraordinary" properties, including extreme strength and "marvelously high" electron conductivity.

However, the tight lattice lacks a semiconducting bandgap, which is essential for electronic devices. Therefore, scientists have been hunting for alternative materials that have bandgaps, but still have a graphene-like structure.

Much focus has been placed on graphene quantum dots, which are small segments of graphene, about 10 to 100 nm carbon hexagons across and less than 30 atomic sheets thick. To make the dots behave more like 2D graphene, research teams have added other molecules to change the structure and function of the material.

For example, one team attached molecular groups containing nitrogen to graphene quantum dots. They found that different molecular combinations altered the electronic structure of the quantum dot in unique ways. This shifted the color of light the material produced when exposed to electricity, which is useful for light emitting diodes and photodetectors. Several teams have built and tested photodetectors using graphene quantum dots with success. The material has also been shown to improve the performance of dye-sensitized solar cells.

Researchers are also investigating silicon and germanium analogs of graphene, called silicene and germanene, and their respective hydrogenated forms, silicane and germanane. They are testing how different preparation methods and structures, such as multiple layers and added molecules, affect performance for potential electronic or photonic devices.

While silicene and germanene have not been prepared without added molecules so far, the modified materials strongly resemble the 2D materials theoretically predicted. Understanding the properties of the modified materials is a "good starting point" for developing future nanomaterials, according to the paper authors.

Ultimately, the reviewers, led by Hideyuki Nakano of Toyota Central R&D Labs in Japan, are optimistic that electronic devices and energy storage materials could be developed using these materials in the near future.

Article information:
Hideyuki Nakano et al.
"Chemical modification of group IV graphene analogues"
Science and Technology of Advanced Materials, 2018; 19:1, 76-100.
http://dx.doi.org/10.1080/14686996.2017.1422224

For further information please contact:
Hideyuki Nakano,
Toyota Central R&D Labs, Yokomichi, Nagakute, Aichi, Japan
hnakano@mosk.tytlabs.co.jp

About Science and Technology of Advanced Materials
Open access journal, STAM publishes outstanding research articles across all aspects of materials science, including functional and structural materials, theoretical analyses, and properties of materials. Website: http://tandfonline.com/stam

For more information about STAM, contact:
Mikiko Tanifuji
STAM Publishing Director
Tanifuji.Mikiko@nims.go.jp

Press release distributed by ResearchSEA for Science and Technology of Advanced Materials.

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