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ACN Newswire press release news - Recent Press Releases

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    Mr. David Chiem, Founder CEO & Executive Chairman of MindChamps PreSchool Limited, and Dr. Wilson Sea, Chairman & Executive Director of China First Capital Group Limited, having fun with young Champs
    --Strategically Strengthens Cooperation to Operate Preschool Centres under the MindChamps Brand in China--


    HONG KONG, Feb 21, 2018 - (ACN Newswire) - China First Capital Group Limited ("CFCG"; HKEx:1269) entered into a Joint Venture agreement on 15 February 2018 with Singapore's MindChamps PreSchool Limited ("MindChamps PreSchool") to establish a China Preschool Fund (the "Fund"), with its investment objective of establishing and acquiring preschools in the People's Republic of China (the "PRC").

    Pursuant to the Agreement, the China Preschool Fund targets to raise an initial tranche of US$200 million. The Limited Partners of the China Preschool Fund will comprise third party investors and directly or indirectly owned companies of the Group and MindChamps PreSchool, and the General Partner will be a company owned by the Group and MindChamps PreSchool as to 50% each. While First Capital Asset Management Limited (a corporation licensed to carry out type 1, 4, 9 regulated activities under the SFC), will be appointed as the investment advisor to the Fund.

    Pursuant to the Agreement, an Operation Company to be owned 51% by the Group and 49% by MindChamps PreSchool will serve as MindChamps PreSchool's master franchisee in the PRC to facilitate, among others, the operation, training and upgrading of the newly established or acquired preschools under the "MindChamps" brand in the PRC.

    MindChamps PreSchool is the largest operator and franchisor of premium range preschool centres in Singapore and is listed on the Main Board of Singapore Exchange Securities Trading Limited (CNE.SI). It has a global presence that includes premium preschools and enrichment centres in Singapore, Australia, the United Arab Emirates and the Philippines, and it is also expanding its preschool network to China, Vietnam and Myanmar. CFCG, holding 4.99% of the issued shares of MindChamps PreSchool, has been the cornerstone investor of MindChamps PreSchool since its initial public offering in Singapore in November 2017.

    The establishment of the joint venture is expected to provide the Group with investment opportunities arising from the expansion of school network of MindChamps Preschool in the PRC; and the China Preschool Fund and the Operation Company will serve as a strategic platform of the Group's education operation business in the PRC. This will enable CFCG to bring high quality education from Singapore into China, as well as fulfil the Group's commitment of providing the best education from around the world to students in China.

    Dr. Wilson Sea, Chairman and Executive Director of CFCG, said, "China First Capital Group has been looking all over the world for the best education solutions and we are very confident that MindChamps PreSchool can help elevate China's preschool standards to a whole new level. We highly value the ties with MindChamps PreSchool and see the joint venture as an important strategic platform of the Group's education operation in China. The Group is fully committed to working closely with MindChamps PreSchool on this latest joint endeavour and believes that the cooperation will reap long term benefits to the Group."

    Mr. David Chiem, Founder CEO and Executive Chairman of MindChamps PreSchool Ltd, said, "At the official Olympic Cultural Event 'What Makes a Champion?' Forum of the 2008 Beijing Olympics 10 years ago, Professor Snyder, who was leader of the research on the topic, came to the conclusion that the Champion Mindset can be learned. Since then, the professor and our team have integrated the Champion Mindset into our unique early childhood curriculum. Backed by solid research findings and successful implementation in Singapore, we are excited to now launch this breakthrough education model in China and are confident that it will make a difference in learning to children in China and the world at large."

    About China First Capital Group (HKEx:1269)

    China First Capital Group focuses on consolidating education industry operation and our advantages from owning various financial service licenses. Through the coordination of financial services businesses, the Group strives to establish an operation, investment and financing platform for education business guided by its "Education Operation plus Financial Services" dual-pronged strategy, with the expectation of the education investment business to be the key driver of the Group's focus. Currently, the Group wholly owns First Capital Securities Limited (with a license for Type 1 and 4 SFC-regulated activities), First Capital Asset Management Limited (with licenses for Type 1, 4, and 9 SFC-regulated activities), First Capital International Finance Limited (with a license for Type 6 SFC-regulated activities), First Capital Finance Limited and First Capital International Holdings Limited. Thus the Group provides services such as dealing in securities, asset management, merger and acquisition, financial consultancy, credit financing and immigration financial services. First Capital Fund Management Company Limited, the subsidiary of the Group, focuses on exploring and investing in excellent educational projects in coordination of the financial services business, and is dedicated to advance the Company to become a well-known international education brand. The Group is a component of the MSCI China Small Cap Index and was recently selected as a constituent of Hang Seng Composite Index Series and Hang Seng Stock Connect Hong Kong Index Series, all together comprising seven major indices. For more information about CFCG, please visit the website: www.cfcg.com.hk

    About MindChamps PreSchool Ltd (SGX:CNE)

    MindChamps PreSchool holds the Number One position in market share of premium range preschools in Singapore, with a market share of 38.5 per cent. Its growing global presence includes premium preschools and enrichment centres in Australia, UAE, the Philippines and soon Myanmar, Vietnam and China. Based on a cutting-edge scientifically-researched curriculum, MindChamps PreSchool is helmed by a highly-experienced management team and is supported by an esteemed World Advisory Board which is chaired by World-Renowned Neuroscientist Professor Emeritus Allan Snyder (Fellow of the Royal Society). MindChamps PreSchool is the only educational institute to collaborate with Professor Snyder on the empirical research of the 3 minds model of education - the Champion, the Creative and the Learning minds, which is uniquely built into the MindChamps curriculum. MindChamps PreSchool's unrelenting commitment to excellence in cultivating young minds has led to the organization being honoured with some of the most sought-after industry awards in the Singapore education sector, as well as industry-wide recognition in the fields of intellectual property, franchise management and branding. Please visit www.mindchamps.org.

    Media Contact:
    Strategic Financial Relations Limited
    Heidi So, +852 2864 4826, heidi.so@sprg.com.h
    Kylie Chan, +852 2114 4990, kylie.chan@sprg.com.hk
    Jenny Lam, +852 2864 4883, jennysy.lam@sprg.com.hk
    Fax: +852 2527 1196


    
    
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Nusa Dua Bali, Indonesia, Feb 21, 2018 - (ACN Newswire) - Happy kids means happy parents so why not indulge the kids with a holiday they will never forget and add the all-new Ritz Kids Night Safari experience to your list of fun activities at The Ritz-Carlton, Bali.

    The idyllic, family-friendly beachfront resort that stretches across the palm- fringed sands in Nusa Dua was recently awarded 'Luxury Family Resort Award, Asia' at the World Luxury Hotel Awards. The Ritz Kids program and fabulously-equipped playhouse provide all kinds of unique and innovative activities to help kids get the most of their time at the resort - many inspired by strong culture and traditions on the island, from fishing to dance, music, arts and crafts.

    While the kids are having the time of their lives, parents can take some time to relax, unwind and revel in the resort's world class facilities, whether reclining in a sun lounger by the pool, joining a Yoga Class, or indulging in a pampering session at the luxury Ritz-Carlton Spa, Bali. The resort also offers many opportunities for families to spend quality time together with family-focused activities including Kite Runner and Sea Turtle Preservation Program.

    "At The Ritz Carlton, Bali we strive to create memorable experiences for all our guests, including children. The Ritz Kids Night Safari brings the sense of adventure and the thrill of the great outdoors inside, by creating an enjoyable glamping experience in the comfort and safety of your own suite or villa", says GM Karim Tayach.

    Ritz Kids Night Safari reach into your child's creative spirit and natural playfulness and best of all, you won't need to lift a finger, as the Ritz Kids counselor will set up the tent and fill it with all kinds of fun things that will keep the little ones entertained for hours.

    Thanks to customized Glamping amenities, including luxury tent, compass, LED flashlight, Lion doll, mini tote bag and Ritz Kids Passport; Resort rooms have never been so much fun. But be warned, the kids may never want to leave!

    The Ritz Kids Night Safari experience also includes complimentary daily breakfast (under 6), access to Ritz Kids daily program, turn down amenities and Bedtime stories. Optional activities including cooking class and polaroid photos are available on additional charge.

    Glamping is recommended for children aged 4-8 years old. In-Room Setup is priced at IDR 800,000 plus 21% tax and service charge per suite or villa per day.

    # # #

    About The Ritz-Carlton, Bali.
    Offering an elegant tropical ambience, The Ritz-Carlton, Bali is a luxurious resort benefitting from a stunning clifftop and beachside setting. With tranquil views over the azure waters of the Indian Ocean and 313 spacious and sumptuously appointed suites and villas, resort guests can indulge in an idyllic romantic, family or business interlude. Along the foreshore are The Ritz-Carlton Club®, six stylish dining venues, an indulgent and exotic marine-inspired Spa, a glamorous beachfront chapel, fun and recreational activities at Ritz Kids and extensive meeting and celebratory event venues for a stay that makes memories that last a lifetime.

    About The Ritz-Carlton Hotel Company, LLC
    The Ritz-Carlton Rewards is the loyalty program of The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, Md., which currently operates nearly 100 hotels and resorts in 31 countries and territories. Members can earn and redeem points at participating The Ritz-Carlton and Marriott International properties worldwide. Members of Marriott Rewards®- which includes The Ritz-Carlton Rewards®- can link their accounts with Starwood Preferred Guest®at members.marriott.com for expanded benefits including instant elite status matching and unlimited points transfer across portfolios. For more information, or reservations, visit the company web site at www.ritzcarlton.com The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ: MAR).

    Contact:
    Prhativi Dyah
    Director of Public Relations
    Tel: +62 361 849 8988
    Prhativi.Dyah@ritzcarlton.com

    Source release: http://www.acnnewswire.com/clientreports/598/RitzKidsGlamping_EN.pdf


    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    KARIYA, JAPAN, Feb 21, 2018 - (JCN Newswire) - On February 21, 2018 (Central European Time), the European Commission announced that it has imposed fines on certain automotive suppliers that infringed EU competition law in connection with past sales of automotive spark plugs.

    The Commission has investigated certain automotive suppliers including DENSO Corporation in this matter, and DENSO has fully cooperated with the investigation.

    As per the Commission's announcement, DENSO Corporation was named as one of the suppliers that had been involved in the conduct suspected to be in violation of EU competition law. However, the company received full immunity from fines, because the company had completely eliminated the conduct that was suspected to be in infringement before the Commission's investigation, and because it applied to the Commission under the leniency program in regard to suspected illegal conduct related to sales of the product, which was granted by the Commission.

    It is DENSO's policy to comply with all applicable competition laws. Since learning of the investigation that was conducted at its U.S. subsidiary by the U.S. Department of Justice in February 2010, DENSO has taken various measures, including implementing even more stringent compliance rules and even more enhanced compliance training to further ensure that its employees comply with all applicable competition laws. DENSO believes that it has remained in complete compliance with all competition laws.

    DENSO is committed to compliance with all applicable competition laws around the world.

    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

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Olympic gold medalist Laurie Hernandez inspires first Obsess capsule collection for Gen Z girls

    Plano, TX, Feb 22, 2018 - (ACN Newswire) - JCPenney [NYSE: JCP] is taking a cue from the digitally-connected, social media-inspired tween generation and launching an exclusive new brand, Obsess, that features rotating capsules inspired by influential young women who promote a positive body image. The brand's first collection, influenced by Olympic gold medalist Laurie Hernandez, features trendy tops, rompers, dresses and jeans designed for all body types. Obsess will launch at JCPenney.com on Feb. 26, and will be available in 500 JCPenney stores beginning March 2.

    "Obsess is a very unique brand that allows JCPenney to reach a generation of girls who move rapidly from one fashion trend to another, as they discover new style inspiration through daily social media feeds. By working with inspiring young women like Laurie Hernandez for unique capsule collections under the Obsess brand, JCPenney is able to offer tween girls the fresh, new styles they crave," said James Starke, senior vice president of merchandising for JCPenney. "As we focus on driving business to JCPenney, we have an opportunity with Obsess to attract an entirely new, and often elusive, Generation Z customer. Gen Z holds $44 billion* in buying power and is on track to becoming the largest consumer segment over the next few years, representing significant sales growth potential."

    The introductory capsule collection for Obsess is an authentic representation of Hernandez's style. Tween girls will find casual, yet feminine, looks designed for every shape and size, including cold shoulder, peplum tops, bright floral prints, embroidered jeans and, one of Hernandez's favorite pieces, a teal bomber jacket with pink flowers on the sleeves. Hernandez was personally involved in the development of this line and approved each piece of the collection. Obsess is available for girls in sizes 7 to 20, including plus sizes, with sale prices ranging from $21.99 for an embroidered, ruffled top to $34.99 for a floral dress.

    "My body changes so much between training, travel and down time. Comfort is so important. I wanted to create casual, cool clothes for girls of all shapes," said Hernandez. "I am so excited to launch my Obsess capsule at JCPenney and help girls feel confident and comfortable."

    Obsess will be available within the JCPenney girls' department complementing a comprehensive assortment of popular brands, including The Original Arizona Jean Co.(R), by&by, Nike(R) and Levi's(R). With rotating concepts, customers will find an entirely new Obsess collection this summer with a distinct aesthetic and style for back-to-school. The next Obsess celebrity collaboration will be announced later this year.

    For video and images of Obsess apparel and Laurie Hernandez, please visit: http://bit.ly/2ojp8ok

    *IBM Institute for Business Value, Uniquely Generation Z

    JCPenney Media Relations
    972-431-3400 or jcpnews@jcp.com

    Follow @jcpnews on Twitter for the latest announcements and Company information.

    About JCPenney

    J. C. Penney Company, Inc. (NYSE: JCP), one of the nation's largest apparel and home furnishings retailers, combines an expansive footprint of approximately 875 stores across the United States and Puerto Rico with a powerful e-commerce site, jcp.com, to connect with shoppers how, when and where they prefer to shop. At every customer touchpoint, she will get her Penney's worth of a broad assortment of products from an extensive portfolio of private, exclusive and national brands. Powering this shopping experience is the customer service and warrior spirit of over 100,000 associates across the globe, all driving toward the Company's three strategic priorities of strengthening private brands, becoming a world-class omnichannel retailer and increasing revenue per customer. For additional information, please visit jcp.com.

    ###

    This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: J. C. Penney Company, Inc. via Globenewswire

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    - Order book grows to S$121.3 million
    - Contribution to revenue for the next three years from FY2018

    SINGAPORE, Feb 22, 2018 - (ACN Newswire) - Sanli Environmental Limited ("Sanli" and together with its subsidiaries, the "Group"), an environmental engineering company with more than ten years of experience and over 1,000 completed projects in the field of water and waste management under its belt, has announced that it has secured four new Engineering, Procurement and Construction ("EPC") contracts ("Contracts") worth a total of S$18.1 million, bringing the Group's order book to S$121.3 million.

    The Contracts secured are projects from the public sector and involve the replacement and enhancement of high tension electrical equipment, the replacement of aged equipment at high lift station and electrical network upgrading, the replacement of switchgears, switchboards, transformers cables and ancillaries, and the supply and installation of water handling equipment.

    Mr Sim Hock Heng, Chief Executive Officer of Sanli said, "The recent contract wins have greatly encouraged and motivated the team. The Group will continue to tap on the demand for water and waste management solutions and work hard to secure new contracts to grow the business further."

    The Contracts are expected to contribute to the Group's revenue for the financial year ending 31 March 2018.

    About Sanli Environmental Limited

    Sanli is an environmental engineering company in the field of water and waste management. It has more than ten years of experience and over 1,000 completed projects under its portfolio.

    The Group's expertise is in the design, supply, delivery, installation, commissioning, maintenance, repair and overhaul of mechanical and electrical equipment as well as process, instrumentation and control systems in wastewater treatment plants, water reclamation plants, NEWater plants, waterworks, service reservoirs, pumping stations and incineration plants.

    The Group has two main business segments: Engineering, Procurement and Construction ("EPC") and Operations and Maintenance ("O&M"). Under its EPC segment, Sanli provides services within the field of water and waste management, including process upgrading of existing water treatment plants, upgrading of pumping station capacities, replacement of aged equipment, and design and build of various treatment process systems. Through its O&M segment, the Group provides corrective and preventive maintenance services to ensure reliability and minimal disruptions to customers' operations.

    For more information, please visit the company website at www.sanli.com.sg.

    Issued on behalf of Sanli Environmental Limited by:
    Waterbrooks Consultants Pte Ltd
    Tel: +65 6100 2228
    Lynette Tan, M: +65 9687 2023, lynette@waterbrooks.com.sg
    Angeline Cheong, M: +65 9666 0977, angeline@waterbrooks.com.sg


    This media release has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this media release.

    This media release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this media release, including the correctness of any of the statements or opinions made or reports contained in this media release.

    The contact person for the Sponsor is Mr Ong Hwee Li (Telephone: +65 6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    HEAVEN PLEASE+
    Fashion Hong Kong's UK Debut Promotes City's Design Prowess

    HONG KONG, Feb 22, 2018 - (ACN Newswire) - For the first time, the Hong Kong Trade Development Council (HKTDC) featured four leading Hong Kong design labels at London Fashion Week, from 16-20 February. And on 16 February evening, the HKTDC organised the Fashion Hong Kong Fashion Presentation and Cocktail Reception at London's Somerset House, which attracted more than 600 buyers, media representatives and fashion experts, fostering the exchange between the UK and Hong Kong fashion industry players. Several celebrities and fashionistas were among the attendees, including Mathew Anderson, CEO of British designer label Jenny Packham.

    The Hong Kong fashion design line-up in London were: Yi Chan and Lary Cheung (Brand: HEAVEN PLEASE+), Vickie Au (Brand: HOUSE OF V), Dora Chu (Brand: Maison Vermillion) and Glori Tsui (Brand: METHODOLOGY). The 4 participating brands have their own unique character and the diverse mix has illustrated the wide variety of Hong Kong fashion. Local fashion bloggers as well as international fashion media attended the Fashion Hong Kong Fashion Presentation and Cocktail Reception, including WWD, Business of Fashion and Wonderland.

    - Debut appearance at London Fashion Week

    Fashion Hong Kong is a series of international promotions organised by the HKTDC to raise the global profile of Hong Kong fashion designers and labels. Since 2015, Fashion Hong Kong has been staging world-class runway shows at major international fashion events, including at New York Fashion Week, Copenhagen Fashion Week and Tokyo Fashion Week, to showcase Hong Kong's fashion design prowess.

    Fashion Hong Kong Website: www.fashionhongkong.com
    Fashion Hong Kong Instagram: @hktdcfashionhk
    Photo download: http://bit.ly/2CBDyEw
    Photos download: http://bit.ly/2EM4GCE

    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:
    Sam Ho, HKTDC Comms & Public Affairs T: +852 2584 4569 E: sam.sy.ho@hktdc.org

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    - Revenue increased from A$414.2m to A$988.2m, EBITDA from A$35.0m to A$186.1m, and gross profit margins from 14.5% to 21.2%


    SINGAPORE, Feb 22, 2018 - (ACN Newswire) - Singapore based ASX-listed OMH Holdings Ltd ('OMH', ASX:OMH), a vertically integrated manganese mining, smelting and trading company, today announced that it recorded a 139% increase in revenue from A$414.2 million in FY2016 to A$988.2 million in FY2017, and a net profit after tax of A$91.4 million for FY2017, up from the loss after tax of A$16.7 million for FY2016. This was due to increased sales volumes as well as a rise in the prices of manganese ore and ferroalloys. With this set of results, the Group has made a strong rebound which underpins the Group's ongoing strategic direction.

    During the year, the Group's Australian subsidiary, OM (Manganese) Ltd ('OMM') resumed full mining operations after a period of care and maintenance, and the smelter complex operated by OM Materials (Sarawak) Sdn. Bhd. ('OMSA') successfully ramped up production from its modified furnaces. Together with steadily increasing prices, the second half of FY2017 contributed most significantly to the Group's FY2017 financial performance. Revenue for the six months from 1 July to 31 December 2017 was AS$725.1 million accounting for 73% of FY2017 revenue.

    EBITDA for the six months from 1 July to 31 December 2017 also rose to a high of A$144.6 million accounting for 78% of FY2017 EBITDA. Net profit after tax for the second half of FY2017 was A$112.7 million as compared to a net loss after tax of A$21.3 million for the first half of FY2017.

    Gross profit margin improved to approximately 21.2% in FY2017 from 14.5% in FY2016. This was attributed to stronger ore and alloy prices, higher volumes of ferrosilicon (FeSi), manganese alloy and manganese ore traded, as well as the improvements made to production efficiencies at the OMSA smelter.

    Commenting on the Group's FY2017 financial performance, OMH Executive Chairman, Mr Low Ngee Tong, said, "Production at our smelter in Samalaju, Sarawak is running smoothly, with 15 of its 16 furnaces in operation, with the final remaining furnace to be brought into operation soon. With the successful execution of the Sarawak project, the Group's income stream has diversified with the addition of silicon alloys and manganese alloys, and we will have the option of adding metallic silicon to this mix in the future. This reduces the risk of depending on a single commodity (manganese ore) from our Australia mine which was the case prior to 2016. The 2018 outlook for the global economy is relatively stable, and we expect ore and alloy prices to remain healthy. Barring unforeseen circumstances, we expect the Group to continue its FY2017 financial performance into FY2018."

    Mr Low added "It is also important to highlight that the Sarawak project went from commencement of construction in the middle of 2013 to an efficient steady state production of almost half a million tonnes of alloys per annum within four and a half years. During this period, we have also successfully modified 6 of our furnaces for the production of manganese alloys. This could not have been achieved without the support of a very strong in-house engineering team and production experts."

    The Group's financial position has also improved, with the borrowings to equity ratio declining to a low of 1.77 as at 31 December 2017, from 3.05 as at 31 December 2016.

    The Company's net asset backing per ordinary share was 39.34 cents per ordinary share as at 31 December 2017 as compared to 27.68 cents per ordinary share as at 31 December 2016, representing an increase of approximately 42% (or 11.66 cents per ordinary share).

    Net cash generated from operating activities increased significantly to A$133.8 million in FY2017 compared to the net cash generated of A$22.3 million for FY2016.

    The Company's strategic market and operational fundamentals and prospects have not gone unnoticed and will continue to deliver sustainable value into the future.

    Commenting on the Group's strong performance for FY2017, Mr Low Ngee Tong said, "I wish to thank all our shareholders, fellow directors and employees, partners, bankers and financial advisors for their support and trust in us, in going through the difficult times, without which we would not be where we are today. We will concentrate on reducing our debt level in 2018, which is why the Board has declared no dividend for FY2017. The Board shall continue to focus on reducing the Group's debt and further improving its cash flow, and aim to reconsider the resumption of a dividend program to shareholders in the future".

    This press release is to be read in conjunction with OMH FY2017 Financial Statement Announcement posted on ASX on 22 February 2018.

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    - BioSign 3.0, now supports in-display fingerprint sensors
    - LookSign, 3D facial recognition solution for smartphones

    SEOUL, KOREA, Feb 22, 2018 - (ACN Newswire) - Suprema, a global leader in biometrics and ID solutions, announced that the company will showcase BioSign 3.0, an AI based in-display fingerprint authentication algorithm and LookSign, a 3D facial recognition solution at Mobile World Congress 2018 in Barcelona on February 26.

    Featured in Samsung Galaxy J5 2017 smartphones, Suprema BioSign is now far enhanced leveraging Suprema's proprietary AI technology. Coupled with LookSign, the company's latest 3D facial recognition solution, Suprema plans to penetrate next generation premium smartphone market.

    In the case of in-display fingerprint recognition, complexity of algorithm is known to be very high due to its sensor structure and imaging characteristics. Consequently, algorithm now plays more critical role in recognition performance compared to conventional sensors.

    The in-display oriented BioSign 3.0 provides higher level of recognition performance and speed by combining Suprema's two decades of expertise in optical fingerprint imaging and AI technologies. The company teams up with major sensor producers around the world for next-generation premium smartphones.

    At the show, Suprema will also reveal LookSign, a 3D facial recognition technology for smartphones. Last year, the company launched FaceStation 2, a facial recognition access control terminal featuring Suprema's own near-infra-red imaging technology. Award winner of Sweden's Detektor International Award 2017 in Best Access Control Products, FaceStation 2 far outperforms the most of today's facial recognition devices featuring the world's fastest matching speed of 3,000 match/sec, highest operating illuminance up to 25,000 lx, and lowest error rate of FAR at 0.00002%.

    LookSign well blends FaceStation 2's facial recognition technology with 3D image processing techniques to produce optimized algorithm for smartphones. LooksSign uses surface light source and patterned light to gain 2D and 3D information to provide more accurate recognition performance and higher security level. Suprema has a plan to discuss co-operation with sensor producers to develop integrated solutions at MWC 2018.

    "Suprema's core competitiveness is ongoing technological innovation. BioSign 3.0 and LookSign will showcase a new leap in biometric technology in the smartphone market and attract more smartphone manufacturers," said Brian Song, CEO at Suprema. "As a fingerprint recognition algorithm technology, BioSign provides superior authentication performance and matching speed even in a small sized fingerprint sensor of 4x3.2mm, and it is an essential solution for applying fingerprint recognition function to mid-to-low range smartphones as well as high-ends," Song added.

    About Suprema Inc.

    Suprema is a leading global provider of biometrics and security technology. By combining world renowned biometric algorithms with superior engineering, Suprema continually designs and develops industry leading products and solutions. Suprema's extensive range of portfolio includes biometric access control systems, time & attendance solutions, fingerprint live scanners, mobile authentication solutions and embedded fingerprint modules. Suprema has worldwide sales network in over 130 countries and is one of the world's Top 50 security company in its turnover (ranked in A&S's Security 50, 2010-2016). For more information, please visit www.supremainc.com.

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

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    - Increases the efficiency of design plans and operations for large-scale networks -

    TOKYO, Feb 22, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced the provision of its Advanced Performance Analytics for Transport Networks service, which uses AI to increase the efficiency of design plans and operations for telecom carriers' networks, such as the optimization of inventory and maintenance of their network devices. The service is expected to be available in the middle of 2018.

    For telecom carriers, hundreds of thousands of network devices generate an enormous amount of log data during daily operations. Through extensive analyses of the log data using its advanced AI technologies, the new service will contribute to the introduction of best practices for telecom carriers and streamlining of operations.

    Telecom carriers organize order planning for network devices by estimating the demand for them looking forward several months in the future, while considering the delivery lead time. This new service estimates the demand for network devices based on highly precise predictions of future communication traffic using AI that are at least 97% accurate(1). This enables customers to optimize their inventory by making orders based on the estimated demand, current inventory level and lead time.

    The new service also helps to resolve challenges related to packet loss, which frequently occurs due to increases in communication traffic and changes in the surrounding environment. Telecom carriers face the task of controlling labor and maintenance costs as they provide on-site troubleshooting when packet loss warnings are issued by any of the many network devices installed in different locations.

    NEC's Advanced Performance Analytics for Transport Networks service uses AI to predict which network devices may cause packet loss within the next two to three months, then proposes a priority order for the devices to be maintained. This enables network carriers to carry out optimized preventive maintenance based on estimated orders, which makes maintenance operations up to 15 times(2) more efficient.

    The new service was developed by combining NEC's know-how from its involvement in more than 500 AI projects, as well as from the construction and operation of the PASOLINK series of ultra-compact microwave radio systems, which boast shipments of more than three million units. NEC will also provide multiple service menus utilizing the NEC Advanced Analytics Cloud with Heterogeneous Mixture Learning Technologies, which is an AI-enabled platform featuring NEC the WISE(3).

    "NEC has already successfully verified the service in collaboration with several tier 1 telecom carriers," said Tsutomu Ikenaga, Deputy General Manager, Transport Solutions Division, NEC Corporation. "NEC aims to extend services by analyzing the causes of issues and optimizing networks through AI, TOMS and SDN, thereby contributing to the automated operation of advanced networks for the coming era of IoT and 5G."

    NEC will showcase the Advanced Performance Analytics for Transport Networks service in Hall 3, Stand 3M30 at Mobile World Congress 2018 (MWC 2018) in Barcelona, Spain, from Monday, February 26 to Thursday, March 1.

    About NEC Corporation

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

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

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

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    - Seed investment will help Dellfer develop cybersecurity safeguards for connected and autonomous vehicles -

    KARIYA, JAPAN, Feb 22, 2018 - (JCN Newswire) - DENSO, one of the world's largest automotive suppliers, has announced a significant investment in Dellfer, an IoT and automotive cybersecurity startup company based in San Francisco, California. Dellfer is a young startup focusing on cybersecurity solutions against "zero day" attacks within connected networks such as deployed IoT devices, and in the future, connected vehicles. Dellfer will use the proceeds from this funding to build out its development team and begin discussions with early adopter customers, including DENSO.

    "As cars become smarter, more connected, and autonomous, advanced safeguards to secure and protect the technology within those vehicles will be a key area of focus for DENSO, and the auto industry as a whole," said Tony Cannestra, Director of Corporate Ventures at DENSO. "DENSO will continue to strongly support technologies like Dellfer's to ensure that a safe and secure mobility future is delivered to our customers."

    "This investment accelerates our mission for IoT device cyberspace protection against zero day attacks," said Dellfer CEO James Blaisdell. "We look forward to a deep and fruitful partnership with DENSO to deliver advance safeguards for protecting vehicles."

    DENSO continues to evaluate technology investment opportunities for automotive solutions and innovative technologies with potentially significant implications for the future of transportation. The company focuses on advancing four core areas: connectivity, autonomous driving, shared mobility and electrification (CASE) technologies. DENSO opened a Silicon Valley office in 2011, and in 2014 created a dedicated Corporate Venture Capital (CVC) group to pursue early stage investment opportunities around the world with entrepreneurs and startup companies. The company also lends expertise and monetary support to two technology incubators - Prospect Silicon Valley and NextEnergy.

    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

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    TOKYO, Feb 22, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced the publication of "Making 5G a Reality," a white paper that outlines the development and market conditions that are required for ensuring the successful deployment of 5G.

    For 5G to happen, it is essential for specifications to be defined. The Third Generation Partnership Project (3GPP), a collaborative project aimed at developing global specifications for mobile systems, has already defined the first round of technical specifications for 5G that bring us closer to commercialization and "Making 5G a Reality."

    This white paper introduces important background on the standardization of 5G and the implications it has on Business Support Systems/Operations Support Systems (BSS/OSS).

    The white paper starts by introducing market and technology factors that lead to 5G standardization. This is followed by an overview of 3GPP Phase 1 specifications, including information covering 5G radio, Radio Access Networks (RAN), system architecture, security and migration & interworking factors. In closing, the white paper describes the impact of 5G on BSS/OSS, including orchestration and security.

    About NEC Corporation

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

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

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

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Digital Security Challenge (DSC): cybercrime investigation training
    - Digital Security Challenge event held in Vienna -

    TOKYO, Feb 22, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced contributions to INTERPOL's Digital Security Challenge (DSC) cybercrime investigation event held in Vienna, Austria, from February 19 to 21, 2018.

    This event was conducted for police of INTERPOL member countries to increase their cybercrime investigation capabilities. This was the third time the event was held, following sessions in Singapore in 2016 and 2017.

    On this occasion, participants from 27 countries across Europe, Asia, Africa, Middle East and South America received cybercrime investigation training, in which they took part in a series of educational courses, from analyzing cyberspace evidence to identifying criminals, based on fictitious cybercrime scenarios. In addition, a variety of private companies provided training sessions through the introduction of technologies that assist in cybercrime investigation.

    In cooperation with a subsidiary that specializes in security, Cyber Defense Institute, Inc., NEC supported the creation of fictitious scenarios used in the cybercrime investigation training, the development of data that could be the target of analysis, such as a terminal infected with malware, provision of an analysis environment for the investigation, and implementation of the event. This is in addition to NEC's delivery of a lecture on the emerging threat of IoT botnets.

    In consideration of recent cyberattacks, where the misuse of IoT devices is causing greater damage, NEC carried out a training program that included heavier emphasis on the identification of attack techniques and their sources.

    http://www.acnnewswire.com/topimg/Low_NECDigitalSecurityChallenge.jpg
    Digital Security Challenge (DSC): cybercrime investigation training

    NEC aims to continue contributing globally to the enhancement of cybercrime investigation capabilities through the provision of training environments and scenarios that help to resolve cybercrimes that are increasingly complex and sophisticated.

    "NEC began cooperating with INTERPOL to support cybercrime investigation in 2012 and we are proud to contribute to the DSC as we strengthen security measures on an international level," said Kozo Matsuo, Vice President, Cyber Security, NEC Corporation. "These initiatives include the establishment of a base for monitoring security in Vienna, Austria, in 2016, and collaboration with SEC Consult Unternehmensberatung GmbH, a Vienna-based security consulting company, in the field of cybersecurity from 2017."

    About NEC Corporation

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

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

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

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    From L: Kent Wong, Chairman of the HKTDC Jewellery Advisory Committee; Benjamin Chau, Acting Executive Director of the HKTDC; and Lawrence Ma, Chairman of the Hong Kong International Diamond, Gem & Pearl Show and the Hong Kong International Jewellery Show organising committees, attend the press conference of the Hong Kong International Diamond, Gem and Pearl Show and the Hong Kong International Jewellery Show.
    This year's Jewellery Show will feature an all-new IT Solutions for Jewellery zone. Exhibits include the mTray, a smart jewellery tray presented by Hong Kong's Megasoft Ltd (Booth: CEC 5B-D32).
    Photo of last year's Diamond, Gem and Pearl Show
    4,550+ Global Exhibitors Showcase Fine Jewellery, Gems and Creative Designs

    HONG KONG, Feb 22, 2018 - (ACN Newswire) - Two major jewellery trade shows organised by the Hong Kong Trade Development Council (HKTDC) will open next week. The fifth Hong Kong International Diamond, Gem and Pearl Show, which specialises in loose stones and raw materials for jewellery, will be held from 27 February to 3 March at AsiaWorld-Expo, while the 35th Hong Kong International Jewellery Show, which showcases finished jewellery, will take place from 1 to 5 March at the Hong Kong Convention and Exhibition Centre (HKCEC). The two shows will feature a record number of more than 4,550 exhibitors from 50 countries and regions, forming the world's largest jewellery marketplace.

    - Hong Kong exports of fine jewellery and jewellery raw materials up in 2017

    Benjamin Chau, Acting Executive Director of the HKTDC, said: "As global economic conditions improved in 2017, sales of fine jewellery rebounded with the rise in purchasing power. Last year, Hong Kong's exports of precious jewellery grew 3.6 per cent. At the same time, Hong Kong's total exports of pearls, precious and semi-precious stones and raw materials increased by nearly 14 per cent in value."

    Mr Chau added: "Although inflation, the US interest rate hike and volatility in the global stock markets during the past two weeks created uncertainties, the strong participation of exhibitors and buying missions at the shows reflects that the industry remains cautiously optimistic about business prospects, and continues to view Hong Kong as an important sourcing platform for jewellery and raw materials." The HKTDC will organise 115 buying missions comprising over 8,000 companies from 75 countries and regions to visit the shows.

    The two shows also continue to attract industry organisations and associations across the world, which will set up 34 group pavilions representing such countries and regions as Australia, the Chinese mainland, France, Germany, Italy, Myanmar, India, Thailand and the United States.

    The Japan Pearl Exporters' Association, apart from returning to the Diamond, Gem and Pearl Show, will debut a pavilion at the Jewellery Show to showcase an assortment of finished pearl jewellery. Other pavilions include Colombia's ACODES, the Antwerp World Diamond Centre, the International Coloured Gemstone Association, the Israel Diamond Institute, the Tanzanite Foundation, and the Gems & Jewelry Trade Association of Liaoning from the Chinese mainland, a first-time participant.

    - Extraordinary gems and pearls at Asia-World Expo

    For the fifth consecutive year, the HKTDC is adopting the "two shows, two venues" format and organising the Diamond, Gem and Pearl Show at AsiaWorld-Expo to meet the jewellery industry's needs for raw materials. Special product zones include the Hall of Fine Diamonds, which gathers the world's top diamond suppliers; the Treasures of Nature, a zone that is dedicated to precious and semi-precious coloured gems; and the Treasures of Ocean, which displays quality pearls.

    Highlight exhibits include a handmade platinum ring set with a 28-carat fancy vivid yellow diamond, presented by US exhibitor Scarselli Diamonds Inc (Booth: AWE 2CON-25), which is valued at more than HK$33.2 million; a set of Colombian emerald jewellery valued at more than HK$23.4 million from Hong Kong exhibitor Hatta New World Company Limited (Booth: AWE 1-B05); a two-carat rare green diamond showcased by US exhibitor Rio Diamond MFG Corp (Booth: AWE 2CON-21); and a 1.37-carat Australian Argyle pink diamond valued at more than HK$7 million from Hong Kong exhibitor Rachminov Diamonds 1891 Asia Ltd (Booth: AWE 2Q17).

    - "IT Solutions for Jewellery" zone debuts at Jewellery Show

    The Hong Kong International Jewellery Show, which will open next Thursday, gathers local and international renowned jewellery brands and designer brands. The rapid advancement of technology is having an impact on the jewellery industry and the application of Internet of Things (IoT) technology is set to become a major trend, as industry practitioners are already conducting research and development programmes in this area.

    This year's Jewellery Show will feature an all-new IT Solutions for Jewellery zone. The zone will showcase the latest technology and solutions for inventory management, design, production and e-commerce advancement, including an array of IoT devices for the jewellery industry. Exhibits include the mTray, a smart jewellery tray presented by Hong Kong's Megasoft Ltd (Booth: CEC 5B-D32). The product can monitor stock status and track stock location in real time and it can transmit product information to the customer's smartphone through NFC. Another Hong Kong exhibitor, SSIWO Technologies Limited (Booth: CEC 5B-D44), will display its Augmented Reality solution that lets customers try on different jewellery pieces through a smartphone app.

    On day two (2 March), the HKTDC will organise a seminar on jewellery technology to examine such themes as cloud technology and big data applications. A Hong Kong Science Park company, Master Dynamic, will be present to share its latest innovation, the world's smallest diamond marking technology.

    Other enthralling theme zones include the Hall of Fame, which will gather about 40 jewellery brands including Italy's Giorgio Visconti, Japan's Kuwayama, Thailand's Pranda Group, the Chinese mainland's jewellery chain store Lao Feng Xiang, India's Love Cuts, Spain's Magerit and Hong Kong's S.K.S.M and Lady Heart.

    The Hall of Extraordinary will display exquisite, valuable and unique jewellery pieces from nearly a hundred exhibitors. A Hong Kong exhibitor, Jadmily Jewelry Corporation Limited (Booth: CEC GH-D17), will showcase a necklace worth HK$60 million with 109.04-carat sapphire and 151.39-carat diamonds. Another Hong Kong exhibitor, Foo Hang Jewellery Ltd. (Booth: CEC GH-D16), will present a set of diamond jewellery with a value of HK$37 million, including an 18K white gold diamond ring with a 26.86-carat round diamond with a value of HK$31.7 million. Other renowned jewellers such as Oriental Gemco, Crossfor, Novel Collection and Lili Jewelry will also return to the Show to feature an assortment of fine jewellery to enchant global buyers.

    The Designer Galleria will feature jewellery pieces from 58 local and overseas designers, including Sarah Zhuang, who has recently won the Hong Kong Jewellery Design Competition Open Group Best of Show Award with her East-meets-West diamond collection that captures Hong Kong's distinctive vibrancy.

    - Ample networking activities

    The HKTDC will host an array of events during the two shows for industry practitioners to gather market intelligence and product trends. Events include jewellery parades, buyer and exhibitor forums, thematic seminars, designer sharing sessions and networking receptions. Highlight events include the cocktail reception and gala dinner sponsored by the Tanzanite Foundation on the first night (1 March) of the Show. Under the theme "Roman Constellation", the dinner will feature a menu prepared by Chef Gianni Favro, an award-winning chef of the Virtual Group of Italian Chefs (GVCI).

    For seminars, a representative of the Gemological Institute of America (GIA) will share the laboratory's latest breakthroughs in diamond research and recent discoveries on the formation of natural type IIb diamonds. Other seminar will cover such topics as jewellery trend forecasts, identification technologies and marketing strategies. Designers from the UK and Romania will also discuss a contemporary jewellery design approach that integrates traditional hand craftsmanship and digital craftsmanship.

    In addition, the HKTDC has joined hands with four major jewellery associations and organised the 19th Hong Kong Jewellery Design Competition. The competition aims to spur local jewellery design and enhance the design quality of the local jewellery industry. The theme of this year's competition was "The Vibrant Hong Kong". A total of 166 entries were received and the winners have been announced. The winning pieces will be displayed at the Hall 1D Concourse during the Jewellery Show to showcase Hong Kong's creative jewellery designs to global jewellers and buyers.

    During the Diamond, Gem and Pearl Show, a complimentary shuttle bus service will run between AsiaWorld-Expo and downtown areas (including the HKCEC) to facilitate sourcing. Please visit the fair websites for details.

    Fair Websites:
    Hong Kong International Diamond, Gem and Pearl Show: http://hkdgp.hktdc.com/
    Hong Kong International Jewellery Show: http://hkjewelleryshow.hktdc.com/
    Enhanced Security Measures for Buyers: http://bit.ly/2EIxhJa
    Photo download: http://bit.ly/2GwI4qg

    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 Comms & Public Affairs Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Low SHF band massive-element AAS used in the experiments
    Verification experiment
    - Achieves stable high-quality communication regardless of location -

    TOKYO, Feb 23, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced the start of verification experiments(1) to achieve 5G wireless communications in cooperation with NTT DOCOMO, INC. In these experiments, coordinated control between Distribution Units (DUs) is being achieved by using a massive-element Active Antenna System (AAS) base station system belonging to a Centralized-Radio Access Network (C-RAN) configuration, enabling a Central Unit (CU) to control multiple DUs.

    In the low super high frequency (SHF(2)) band massive-element AAS base station system developed by NEC, the CU exchanges information on terminals connected to different DUs between multiple DUs. DUs then form directional signals (beams) while performing coordination control between DUs. This greatly improves the throughput of terminals located near the boundary of DUs' communication ranges (cells) when compared to conventional throughput and achieves stable, high-quality communication regardless of location.

    http://www.acnnewswire.com/topimg/Low_NECLowSHFBand.jpg
    Low SHF band massive-element AAS used in the experiments

    http://www.acnnewswire.com/topimg/Low_NECVerificationExperiment.jpg
    Verification experiment

    Currently, when adjacent terminals are located near the communication range boundary of several DUs and each DU forms a beam independently for each terminal communicating with the DU, the quality of communication decreases, including reduced video download speeds due to radio wave interference between the DUs. For 5G, where cells are arranged more densely, it is believed that interference between DUs will become a major challenge.

    In these verification experiments, under a range of conditions, such as suburbs and city centers, the quality of downstreaming is being measured by the presence or absence of coordination control between DUs in a state where multiple adjacent terminals are located near the communication range boundaries of two DUs that are connected to the CU and are in communication with each DU.

    In one set of verification experiments, coordination control is not being performed; this has resulted in significant interference and a decrease in the quality of communications. This is because beams were formed and downstreaming was performed without considering the influence of terminals controlled by other DU.

    However, in other experiments, when coordination control is performed, beams are formed through coordination between DUs. This prevents a decrease in the quality of communication caused by radio wave interference between DUs and improves the downlink throughput by as much as 50%. Moreover, it has been confirmed that stable and high-quality communications can be available regardless of location.

    "NEC is committed to contributing to the successful roll-out of 5G in the near future, including these verification trials using the massive-element AAS base station system," said Kenichi Ito, Deputy General Manager, Wireless Network Development Division, NEC Corporation. "Moving forward, we aim to continue driving the advancement of high-speed, large capacity communications and sophisticated service functions that contribute to services provided by telecommunications carriers."

    NEC will display this system and introduce 5G initiatives in Hall 3, Stand 3M30 at Mobile World Congress 2018 in Barcelona, Spain, from Monday, February 26 to Thursday, March 1.

    This press release includes a portion of results from "The research and development project for realization of the fifth-generation mobile communications system" commissioned by The Ministry of Internal Affairs and Communications, Japan.

    (1) Testing carried out at the Yokosuka Research Park, NEC's Tamagawa Plant and others.
    (2) Super High Frequency: Radio waves with wavelengths from one to ten centimeters that fall within the microwave band with frequencies from 3GHz to 30GHz. Low-SHF refers to radio waves at frequencies of 3GHz to 6GHz.

    About NEC Corporation

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

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

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

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Winners and guests attend the awards presentation ceremony of the 19th Hong Kong Jewellery Design Competition, held yesterday (22 February) during the press conference of the Hong Kong International Jewellery Show and the Hong Kong International Diamond, Gem & Pearl Show.
    Winning Entries Showcase Creativity and Craftsmanship

    HONG KONG, Feb 23, 2018 - (ACN Newswire) - From a small fishing village to an international metropolis, Hong Kong has developed a unique culture that fuses Eastern and Western influences, providing designers with a rich source of inspiration. At the 19th Hong Kong Jewellery Design Competition, designers' boundless creativity and impeccable craftsmanship, as well as their deep connection to the city, were reflected in their works created under the theme "The Vibrant Hong Kong." The winning entries were announced at a press conference yesterday for the Hong Kong International Jewellery Show and the Hong Kong International Diamond, Gem & Pearl Show.

    Jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Jewellers' & Goldsmiths' Association, Hong Kong Jewellery & Jade Manufacturers Association, Hong Kong Jewelry Manufacturers' Association and the Diamond Federation of Hong Kong, China, the Hong Kong Jewellery Design Competition aims to enhance the design quality of the local jewellery industry, identify talent, and promote Hong Kong jewellery products to international buyers.

    A total of 166 entries were submitted this year under two categories: the Open Group and the Student Group. The nine-judge panel evaluated the entries based on: (1) creativity and innovation, (2) aesthetics, craftsmanship and wearability, (3) topic relevance and (4) marketability (applicable only to the Open Group).

    - Open Group's Three Best of Show Awards demonstrate design diversity

    Three Best of Show awards were given in the Open Group. Wong Wing Chung's entry, "Time," won the Best of Show Award as well as the Craftsmanship and Technology Award. The design features a rickshaw, once a key mode of transport in Hong Kong. Now part of Hong Kong's collective memory, rickshaws continue to hold special meaning for the city. Using 18K gold, 925 sterling silver and brass, Mr Wong created an exquisitely crafted rickshaw design, which conveys the rapid passage of time and a sense of nostalgia for the vibrancy of old Hong Kong. The design also serves as a reminder for people to cherish time. The sponsoring company of the piece, Vista Jewelry Ltd, also received the Craftsmanship and Technology Award, in recognition of the production team's excellence in jewellery craftsmanship.

    With ultra-modern skyscrapers juxtaposed against historical buildings, Hong Kong's architecture brims with diversity, reflecting the blend of Eastern and Western influences. Another Best of Show Award winner, Sarah Zhuang, incorporated Hong Kong's world-renowned skyline into her four diamond and 18K gold rings in her design "Urban Reflection." Ms Zhuang said the rings are equally captivating whether worn as a single or multiple rings, on one or on multiple fingers. Notably, wearing two rings on the upper finger and two rings turned upside down on the lower finger creates the reflection of Hong Kong's iconic skyline.

    The third Best of Show Award winner was Au Kwok Man. With a clever placement of buttons, Mr Au created an 18K white gold, diamond-studded necklace in his design "Linkup Fusion." The interlocking of traditional Chinese cheongsam buttons and Western buttons is creative and elegant, symbolising the East-meets-West characteristics of Hong Kong. The necklace's hanging gold chains sport clean lines, exuding an alluring charm.

    - Student Group winners showcase traditional culture

    Open to students of institutions registered in Hong Kong, the Student Group category aims to inspire more young people and aspiring jewellery designers to join the industry. The Hong Kong Design Institute's Ng Sin Kiu won the Student Group Champion with her ring design "Peace." Ms Ng drew inspiration from the Chinese lion dance. Seen as an auspicious animal that represents peace and luck, lions are represented in the traditional dance performed during festivities. The lion on the ring emanates vigour and vitality, and the bright colours of gold, silver and red emit a festive aura. Ms Ng said the ring is a lucky charm that brings peace and fortune.

    The First Runner-up in the Student Group was Lam Wai Kin from the School of Continuing Education, Hong Kong Baptist University. His design, "KONG - Marriage (Dragon & Phoenix Bangle)," is about marriage, which he said is an excellent representation of Hong Kong as a melting pot of Eastern and Western cultures. Taking inspiration from the auspicious dragon and phoenix bangles, Mr Lam combined the Chinese characters for "East" and "West" and the English letters, "E" and "W", as key design elements. Using silver and 64 zircons, Mr Lam created this unique jewellery piece that fuses innovation and tradition.

    The Student Group's Second Runner-up title was awarded to Hong Kong Design Institute student Lui Siu Ching. The entry entitled "Dragon Jumping" features a pair of rings, which sports a lively and dynamic fire dragon that radiates a distinctive Oriental charm. Ms Lui's design captures the moment when the dragon leaps out of the waves to chase a pearl, using the wave splash and the dragon's fire to symbolise Hong Kong's ceaseless vitality.

    - Winning works on display at the Hong Kong International Jewellery Show

    The three Open Group winners will be sponsored by the Hong Kong Japan Business Co-operation Committee to attend a five-day jewellery design study course in Japan. All the winning entries will also be exhibited at the Hong Kong International Jewellery Show in March to promote Hong Kong's unique designs to global jewellers and buyers.

    Organised by the HKTDC, the 35th Hong Kong International Jewellery Show will be held on 1-5 March at the Hong Kong Convention and Exhibition Centre (HKCEC), while the fifth Hong Kong International Diamond, Gem & Pearl Show, also organised by the HKTDC, will take place from 27 February-3 March at the AsiaWorld-Expo. The two shows will gather a total of more than 4,550 exhibitors from 50 countries and regions, forming the world's largest jewellery trading platform.

    Fair Websites:
    Hong Kong International Diamond, Gem and Pearl Show: http://hkdgp.hktdc.com/
    Hong Kong International Jewellery Show: http://hkjewelleryshow.hktdc.com/
    Enhanced Security Measures for Buyers: http://bit.ly/2EIxhJa

    Photo download:
    Open Group: http://bit.ly/2D1oZhW
    Student Group: http://bit.ly/2D1oZhW
    Press Conference: http://bit.ly/2EYjQYZ

    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 Comms & Public Affairs Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Leon Lai returns as the Ambassador of the Entertainment Expo. In the 30-second promotional video this year, Mr Lai introduced the 9 events of the Entertainment Expo with actions.
    Celebrity Calls for Support for Entertainment Industry with Actions

    HONG KONG, Feb 23, 2018 - (ACN Newswire) - Hong Kong superstar Leon Lai has once again accepted the invitation of the Hong Kong Trade Development Council (HKTDC) to be the Ambassador of the 14th Entertainment Expo.

    Following his viral tongue-twister promotional video last year, Mr Lai decides to create a striking contrast this year by introducing the Entertainment Expo's nine events in silence. The video ends with the slogan "Support with Actions" as Mr Lai invites the public to take part in this annual entertainment industry extravaganza and support Hong Kong's entertainment industry.

    "As a member of Hong Kong's entertainment industry, I'm happy to serve as Entertainment Ambassador again," said Mr Lai. "The Entertainment Expo is a grand annual event. I encourage everyone to join me in supporting the event with actions."

    The new promotional video started playing at more than 50 cinemas across Hong Kong on Chinese New Year day (16 February). The video has also been uploaded to the HKTDC Facebook page (https://www.facebook.com/hktdc.hk), with lucky draws to follow. Please stay tuned to the Facebook page for details.

    The 14th Entertainment Expo, Hong Kong, will be held from 19 March to 15 April. The expo comprises 9 events covering a global mix of film, TV, music and digital entertainment. The events include the Hong Kong International Film and TV Market (FILMART), the Hong Kong International Film Festival (HKIFF), the Hong Kong Film Awards (HKFA), the Hong Kong-Asia Film Financing Forum (HAF), the Hong Kong Asian-Pop Music Festival (HKAMF), ifva (Incubator for Film & Visual Media in Asia), the Asian VFX and Digital Cinema Summit, the Digital Entertainment Summit and TV World International Forum.

    Promotional video of 14th Entertainment Expo: https://youtu.be/PGZl-SIeYvI
    Photo download: http://bit.ly/2sLi08R

    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:
    Banbi Chen, HKTDC Comms & Public Affairs T: +852 2584 4525 E: banbi.yc.chen@hktdc.org

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Landing Casino at Jeju Shinhwa World held its opening ceremony on 25 February.
    Dr. Yang Zhihui's first bet in Jeju Shinhwa World Landing Casino.
    Dr. Yang Zhihui and Mr. Jay Lee unveiled plague of Marriott Resort.
    Opening ceremony of "Untitled, 2017" in YG Republique officiated by (from left) G-Dragon, Mr. Yang Hyun-Suk, Dr. Yang Zhihui and Ms. Noh Hee-young.
    G-Dragon attended the public event for the last time before enlisting.
    Phase 1 Fully Operates to Offer Complete Integrated Resort Experience to Visitors

    HONG KONG, Feb 25, 2018 - (ACN Newswire) - Landing International Development Limited ("Landing International" or the "Company", together with its subsidiaries, the "Group", HKEx Code: 00582) announced Jeju Shinhwa World Landing Casino, located in Jeju Shinhwa World Marriott Resort opened today. Dr. Yang Zhihui, Chairman and Executive Director of Landing International and Mr. Jay Lee, CEO of Landing Jeju Development Co., Ltd. officiated the opening ceremony of the casino and unveiled plague of Marriott Resort in the morning.

    The Group received on 21 February the approval from the Government of Jeju Special Self Governing Province to relocate its Landing Casino to Jeju Shinhwa World, and increase the exclusive gaming floor area to approximately 5,500 square meters, about 7 times of that of approximately 800 square meters in its old property at Hyatt Regency. Jeju Shinhwa World Landing Casino houses 155 live gaming tables including Baccarat, Poker, Black Jack, Roulette, Tai-sai, and 239 cutting-edge slot machines and electronic table games.

    Jeju Shinhwa World Marriott Resort, the first international brand resort facility in Jeju Shinhwa World and the only Marriott brand hotel on Jeju Island unveiled plague today, started operation in December last year. It comprises 627 luxury guest rooms in various types, among which 30% are connected rooms, and 12 suites which combine traditional Korean design influences with understated modern design, along with eight meeting rooms. Five food and beverage outlets, including Le Chinois, Jejuseon and Cafe the Islet, offer a dynamic selection of dining choices, from Chinese fine dining to Korean cuisine and casual international fare. Another highlight is Mosil, the clubhouse themed Jeju's famous attraction Seongsan Ilchulbong, that equipped with an indoor swimming pool, an outdoor heated pool, spa and other facilities.

    Dr. Yang Zhihui said, "The opening of Jeju Shinhwa World Landing Casino marks the full opening of the Phase 1 of Jeju Shinhwa World. We are now one of the few integrated resort operators in Jeju and Korea that could offer to visitors a complete world-class hospitality, leisure and entertainment experience. In 2018, we will focus our efforts on operating Jeju Shinhwa World to deliver on our promise to make Jeju Shinhwa World into a tourism destination under the spotlight on Jeju Island that the residents will be proud of."

    The long-awaited "Untitled, 2017" (also known as "GD Cafe") in YG Republique also opens today. The opening ceremony held in the afternoon was officiated by Dr. Yang Zhihui, Mr. Yang Hyun-Suk, President of YG Entertainment, Ms. Noh Hee-young, Chairman of YG Foods and Mr. Kwon Ji-yong (best known by his stage name of G-Dragon or GD), who attended the public event for the last time before enlisting. The cafe has drawn much attention of international K-pop fans, for G-Dragon has actively involved in the planning and design of it, from naming and interior design of the cafe to selecting coffee and cacao beans for special coffee and desserts on the menu. "3 Butcher's" specializes in Jeju's black pork barbeque, a seafood restaurant "3 Fisherman's Wharf" and a brunch cafe "3 Birds" in YG Republique were opened in the bottom of last year, and a bowling music bar "AC.III.T" will open to the public soon, adding more vibrancy to the leisure and entertainment night life in Jeju Island.

    Jeju Shinhwa World was opened in phases. In April 2017, Somerset Jeju Shinhwa World, the first world-class full-serviced resort condominium in Jeju was opened. In September 2017, Shinhwa Theme Park, in partnership with TUBAn Company Limited, a premier 3D animation company in South Korea, welcome its first customers. Jeju Shinhwa World Landing Resort, Landing Convention Centre and YG Republique (which is a collaboration with YG Entertainment) were opened in November 2017 while Jeju Shinhwa World Marriott Resort and Shinhwa Shoppes were opened in December 2017. The opening of Jeju Shinhwa World Landing Casino marks the full opening of the Phase 1 of Jeju Shinhwa World. Construction works of Phase 2 have been commenced. Waterpark and Shinhwa Hotel are scheduled to open in the middle of 2018. A luxury Jeju Shinhwa World Four Seasons Resort & Spa in the heart of Jeju Shinhwa World, and Lionsgate Movie World, the first branded outdoor theme park built exclusively around world-famous movies at Jeju Shinhwa World are expected to be opened in 2019/2020.

    About Landing International

    Landing International is a developer and operator of integrated leisure and entertainment resort, gaming club, and entertainment facilities and a property developer. The Group's flagship project "Jeju Shinhwa World" is situated on Jeju Island of South Korea. It is the Group's first world-class hospitality, leisure and entertainment in Asia.

    "Jeju Shinhwa World", developed by the Group's subsidiary Landing Jeju Development Co., Ltd., covers an area of 2.5 million square metres. The mega project is developed in phases, with Shinhwa Theme Park, Somerset Jeju Shinhwa World, Landing Resort, Landing Convention Centre, YG Republique, Marriott Resort, Shinhwa Shoppes and Jeju Shinhwa World Landing Casino already opened for business. The entire project is expected to complete by 2020.

    Landing International is listed on the Main Board of Hong Kong Stock Exchange with stock code: 00582.

    For more information, please visit www.landing.com.hk


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Bangalore, Feb 25, 2018 - (ACN Newswire) - Sooktha, a leading provider of next generation wireless access products and solutions, will showcase a wide array of solutions at next week's Mobile World Congress in Barcelona, Spain. Sooktha will be demonstrating its 4G LTE, NB-IoT, and 5G solutions.

    Narrow Band Internet of Things (NB-IoT) and 5G will initially co-exist with 4G LTE to enable a smooth migration. Sooktha has added NB-IoT and 5G capability to its LTE solutions that are proven in both the test and the infrastructure segments. Sooktha's portfolio of 4G LTE, NB-IoT and 5G solutions with patented WiFi mesh connectivity enables coexistence and covers the entire gamut of applications in next generation networks including consumer broadband, Internet of Things, and mission critical applications.

    Sooktha's end-to-end solution portfolio includes the UE, 4G LTE eNodeB, 5G NR gNodeB, 4G EPC and 5G NGC. These solutions are built completely with homegrown components including the base band processing (PHY) and ensure that Sooktha is ideally poised to offer solutions to multiple segments such as Commercial Network Infrastructure, Private Networks, Railways, Public Safety, Satellite Communications, Defense & Aerospace, and Test & Measurement.

    "The 3GPP 5G specifications allow for a wide range of applications supported by different network and deployment architectures, which is effectively covered by the Sooktha Smart Base Station solutions with their configurability and dynamic management," said Balaji Rangaswamy, CEO.

    "The extension of our proven LTE Advanced Smart Base Station solution to support NB-IoT and 5G, coupled with our UE and Core Network solutions constitutes an end-to-end next generation network, which allows quick adoption and customization of next generation technologies for multiple segments."

    Sooktha is demonstrating its solutions in Hall 7 Stand 7L81.

    To schedule a meeting/demonstration please send an e-mail to marketing@sooktha.com.

    About Sooktha
    Sooktha Consulting Pvt. Ltd., an advanced wireless access solutions company, offers solutions and services to enable service providers, OEMs, and ODMs in various segments to deploy innovative wireless access services using cellular and WiFi technologies, and to enable test and measurement equipment manufacturers to develop solutions for adequate testing of these new services. Sooktha is headquartered in Bangalore, India. For more information visit: http://www.sooktha.com.

    Contact:
    Srinivasan Radhakrishnan
    +91 97399 73891
    srinivasan.radhakrishnan@sooktha.com


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Figure: Conventional base station that provides support for 5G
    Supporting 5G service with New Radio Access Technologies for base stations

    TOKYO, Feb 26, 2018 - (JCN Newswire) - Fujitsu Limited today announced that it has agreed to provide NTT DOCOMO, INC. with base station hardware that it intends to commercialize, with an eye toward the launch of commercial service using new 5G radio technologies (5G)(1) in 2020.

    In order to smoothly roll out 5G commercial services, NTT DOCOMO aims to deploy a 5G network using currently available equipment. In response to this effort, Fujitsu is supporting the deployment of a 5G network that can develop areas with the flexibility to simultaneously operate with 3G(2), LTE, and LTE-Advanced(3) networks. This will be primarily through changes to software, with the minimum number of hardware changes necessary to support 5G, using Fujitsu's existing base station for 3G, LTE, and LTE-Advanced radio access technologies.

    In addition to providing these base stations, Fujitsu will implement its strong suit of software-defined radio (SDR) technology(4), which enables different radio access technologies for the same hardware, to expand the functionality of software on existing base stations. This will contribute to the swift realization of a commercial 5G network, offering communication speeds that significantly exceed those of existing LTE and LTE-Advanced radio access technology.

    http://www.acnnewswire.com/topimg/Low_ConventionalBaseStation5G.jpg
    Figure: Conventional base station that provides support for 5G

    Fujitsu will further strengthen its partnership with NTT DOCOMO and accelerate the development of base stations that support 5G. In tandem with this, Fujitsu will continue generating value for customers, taking into account the variety of ways they can put 5G to use, and promote technologies for its digital co-creation business on a global scale.

    (1) 5G
    An overall term for 3GPP 5th Generation New Radio (NR) technology. 5G refers to the newly established global standards for fifth generation mobile communication, established under the leadership of 3GPP (the 3rd Generation Partnership Project), a partnership project aimed at setting global standards for mobile communications, consisting of major global companies involved in the mobile communications business, including Fujitsu. The partners have agreed that global standards for the 5G technology should provide improvements such as higher speed, greater capacity, lower latency and higher reliability than existing LTE and LTE-Advanced, and initial standard specifications were completed in December 2017.
    (2) 3G
    An overall term for 3GPP 3rd Generation radio technology. The third generation of global mobile communication standards established by 3GPP.
    (3) LTE and LTE-Advanced
    Long Term Evolution and Long Term Evolution-Advanced. The fourth generation of global mobile communication standards established by 3GPP.
    (4) Software defined radio (SDR) technology
    Technology that can deploy and change wireless functionality through software operating on hardware.

    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: +81-3-6252-2176 URL: www.fujitsu.com/global/news/contacts/

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Using Fujitsu's expertise to reliably migrate customers' SAP ERP systems, including expanded functionality

    TOKYO, Feb 26, 2018 - (JCN Newswire) - Fujitsu today announced the launch of the SAP S/4HANA Conversion Service, which offers comprehensive support for migration from existing SAP ERP systems to SAP S/4HANA, SAP's next-generation ERP system.

    Targeting customers migrating from an existing SAP ERP system to SAP S/4HANA, this service provides comprehensive support from migration preparations to post-migration verification. With its experience in deploying and migrating SAP ERP systems, Fujitsu will evaluate the possibility of migrating customer systems as well as assuring the compatibility of various functions, and will propose the optimal method for supporting the migration. Short, it will execute a smooth and reliable migration of SAP ERP systems in all types of environments(1) to SAP S/4HANA.

    Going forward, Fujitsu will continue to offer a variety of services supporting the business lifecycle of customers through SAP systems, especially in deploying and migrating to SAP S/4HANA, the next-generation ERP supporting digital businesses.

    Background

    SAP S/4HANA, which has been launched by SAP as its next-generation ERP system, combines high-speed data processing with an integrated user interface, serving as a useful tool in bringing about the early realization of digital transformation on customer business.

    There are currently about 2,000 systems in Japan with SAP ERP systems, including SAP ERP 6.0, as core. As SAP plans to end mainstream maintenance (standard support) for ERP 6.0, in 2025, the number of companies considering migrating from their current SAP ERP system to SAP S/4HANA is increasing.

    In order to achieve this, it will be necessary to migrate a huge volume of existing assets, including individually developed expanded functionality (Custom Code). Conducting this migration on the basis of a mature plan and then validating it is a demanding task which Fujitsu has experience excelling in.

    Major Features of This Service

    1. Comprehensive support from migration preparations to post-migration tests

    Through this service, Fujitsu will offer comprehensive support from preliminary tasks, such as defining requirements and design, to carrying out the migration and post-migration testing, completing the whole project in as little as six months(2). Fujitsu will prepare a migration plan assuring reliability and efficiency, using custom templates to design it. In addition, Fujitsu provides a smooth migration by having its SAP-certified consultants support every step of the process.

    2. Reliable migration of customers' individually expanded functionality

    Using the experience stemming from numerous successful SAP migrations, Fujitsu will validate the post-migration compatibility of customers' individually expanded functionality, ensuring reliable asset migration. In addition, test scenarios will be prioritized according to their impact on operations, efficiently conducting post-migration operational evaluations.

    3. Flexible support for migrating diverse customer environments

    Fujitsu can support migration to SAP S/4HANA, regardless of customer's operating system, database management system, or SAP ERP system. In addition to on-premise systems Fujitsu supports on-premises operating environments for SAP S/4HANA as well as a number of cloud services, including Fujitsu Cloud Service K5, Microsoft Azure, Amazon Web Services (AWS), and NIFCLOUD, for SAP S/4HANA environments.

    4. Comprehensive support for customer operations

    By combining this service with other existing services provided by Fujitsu, such as the SAP S/4HANA Consulting Service, the SAP S/4HANA Proof of Concept Service, LCM Service, and the Operations Improvement Support Service, Fujitsu offers full support for customer businesses with the SAP system, from conceptual planning of the new system prior to migration and maintenance to post-migration operational improvements.

    Future Plans

    Fujitsu has applied for the certification of this system under SAP's Partner Packaged Solution Qualification. With this certification, Fujitsu will be able to provide solutions which are standardized and certified, offering the customers predictable QCD, letting them concentrate on their core business.

    In addition, Fujitsu will expand this service globally in the future, in coordination with the Global Delivery Centers (GDC) it has developed as delivery locations in eight countries around the world.

    Fujitsu supports the customer's digital transformation using a host of SAP products with S/4HANA at the core, providing a variety of services in a coordinated manner to address the customer's needs holistically.

    (1) SAP ERP systems in all types of environments
    Fujitsu can support migration regardless of the pre-migration platform, operating system, or database management system, for both on-premises systems and cloud platforms. If the source system is not Unicode-based, it will require a multi-stage migration process which is available as an optional service.
    (2) In as little as six months
    Time required may vary depending upon the module used or scale of individual expanded functionality.

    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: +81-3-6252-2176 URL: www.fujitsu.com/global/news/contacts/

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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