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ACN Newswire press release news - Recent Press Releases

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    HONG KONG, Sep 14, 2018 - (ACN Newswire) - CPD101 Limited has published a new informative book on the subject of Initial Public Offerings (IPOs) named 101 Tips for Executives, Start-up CEOs, Entrepreneurs, Private Investors: A Practical Handbook to Hong Kong IPOs 2018. The Handbook puts its emphasis on the new rules proposed on 30 April 2018 by the Stock Exchange of Hong Kong Limited, with practical suggestions given to executives, start-up CEOs, entrepreneurs and private investors.

    The Handbook collects professional opinions from 23 authors with different areas of expertise. It offers a digest of the practical tips related to IPO listing, the suggestions and effective measures from professionals, so that investors can grasp key information and prospective listed companies can embark on the road to success with ease. One of the issues covered include the controversial introduction of dual-class shares structure.

    In response to recent trends, digital elements are incorporated in the Handbook. Simply by scanning the QR codes inserted in the front pages and selected chapters, readers can watch and listen to short interviews of the authors on their smart devices. With the combination of visual and audio enjoyment, readers can understand the central messages easily.

    Speaking of visual stimulation, the materials in print are presented in an appealing way. Colourful flow charts, infographics and tables make the content fun to read, and introduce hard facts in a more digestible way for laymen. In this way, readers interested in IPOs can grasp the whole picture of the listing process in a less daunting way.

    All IPOs candidates and anyone interested in IPOs listing issues can find the important information they need in the Handbook. The book is now available in Hong Kong bookstores and related professional organizations, including the authors' companies and international associations in Hong Kong, Mainland China and all around Asia.

    Introduction of CPD101 Limited
    We are a team of experts collaborating to provide professional, authentic and insightful deliverables to the market. With a knack of delving into social media trends, we are the movers and shakers and source the most original ideas to create a brand new experience for our clients. We produce ad hoc professional white papers with extensive research on contemporary legal and compliance issues including the latest current market analysis for all corporate professionals including startup CEOs, board directors, general counsels, company secretaries, corporate treasurers and entrepreneurs. We are trendsetters in the digital space.

    For enquiries, please contact:
    Claris Tam (Editor-in-Chief)

    Copyright 2018 ACN Newswire. All rights reserved.

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    TOKYO, Sep 14, 2018 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that it has reached an agreement with Surbana Jurong (SJ) to establish a new joint venture. SJ is a wholly owned subsidiary of Temasek Holdings, a Singapore government affiliated investment company. The new joint venture will focus on urban development projects in Asia.

    MC and SJ will establish the 50-50 joint venture in Singapore following approval from the relevant authorities. The joint venture will operate in Asian countries in which the two companies already have substantial experience, particularly in Myanmar and Vietnam but also in other markets such the Philippines, Indonesia, India and Sri Lanka. The joint venture will begin by investing $500 million to acquire assets of up to $2.5 billion in aggregate over the next five years, making additional investments over time or inviting third-party investors as it takes on larger-scale projects.

    In emerging Asian countries, there is an increasing demand for urban development and improved infrastructure due to rapid economic and population growth. The new joint venture will primarily engage in urban development projects that build transportation infrastructure while at the same time targeting areas surrounding transportation hubs for developing urban real estate solutions such as retail outlets, offices, apartments, hotels and hospitals.

    SJ originally began by developing public housing and industrial estates in Singapore, then utilized its global network to deliver successful projects for over 70 years in more than 40 countries including Myanmar, Vietnam and India. For its part, MC has built up a wealth of expertise in the real estate business by developing an array of assets ranging from industrial complexes and warehouses to commercial facilities and condominiums, not only in Japan, but also in South East Asia, China, the United States and other markets around the world.

    Although MC's real estate business previously focused primarily on developing and selling individual real estate assets, the company will be making use of its comprehensive strengths and drawing on its capacity to adopt a holistic view across numerous industries to execute future urban development projects.

    Pooling the collective know-how and track records of both companies, the new joint venture will work to deliver high-quality urban development projects that meet local needs and contribute to economic development in emerging countries while at the same time keeping in line with MC's aim of simultaneously generating economic, societal and environmental value.

    About Surbana Jurong

    The Surbana Jurong Group is one of the largest Aisa-based urban, industrial and infrastructure consulting firms operating in 40 countries and 110 cities globally. The company has strong ties with the shareholding company Temasek Holdings[1], and maintains a wide range of networks including government officials, local companies and international institutions.

    About Mitsubishi Corporation

    Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. For more information on Mitsubishi Corporation, please visit the company's website at

    Mitsubishi Corporation Telephone:+81-3-3210-2171 Facsimile:+81-3-5252-7705

    Copyright 2018 JCN Newswire. All rights reserved.

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    Selection Reflects Exceptional Sustainability Based on ESG Criteria

    TOKYO, Sep 14, 2018 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has been selected for inclusion in the Asia Pacific Index of the Dow Jones Sustainability Index (DJSI), one of the world's leading investment indices for ESG (environmental, social, and governance) performance. This is the second consecutive year that MHI has been included in the index.

    The DJSI was developed in 1999 by the U.S. firm S&P Dow Jones and the Swiss investment advisory company RobecoSAM. Listed companies around the world are assessed in terms of their overall economic, environmental and social criteria, with those determined to have exceptional sustainability selected for inclusion in the index. MHI was one of 150 companies selected for the 2018 index (of which, 75 were Japanese companies), from a total of around 600 major companies in the Asia-Pacific region.

    MHI has proactively implemented various ESG measures with the aim of realizing a sustainable society, including reducing the environmental load from itsi customers and its own operations, promoting the active participation of women, and strengthening corporate governance and disclosure. In addition to the DJSI, these efforts continue to be recognized with MHI's inclusion in the FTSE Blossom Japan Index, which recognizes firms with excellent ESG performance, and MSCI Japan's Empowering Women Index (WIN). Both of these indices were selected by Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, in July 2017.
    Going forward, through constant innovation and industry-leading products and technologies, MHI will continue to contribute to a more secure, sustainable future for all mankind.

    About Mitsubishi Heavy Industries, Ltd.

    Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion U.S. Dollars. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.

    For more information, please visit MHI's website:
    For Technology, Trends and Tangents, visit MHI's new online media SPECTRA:

    Corporate Communication Department Mitsubishi Heavy Industries, Ltd. Email: Tel: +81-(0)3-6716-2168 Fax: +81-(0)3-6716-5860

    Copyright 2018 JCN Newswire. All rights reserved.

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    WESTCHESTER, Ill., Sep 15, 2018 - (ACN Newswire) - Today, the Board of Directors of Ingredion Incorporated (NYSE: INGR) declared a quarterly dividend of $0.625 per share on the company's common stock. The dividend is payable on October 25, 2018, to stockholders of record at the close of business on October 1, 2018. This is the fourth consecutive year that Ingredion's Board has approved a quarterly dividend increase in the third quarter.

    "Our Board and management team are confident in the company's long-term ability to generate solid cash flows and deliver value to shareholders," said Jim Zallie, Ingredion's president and CEO. "We intend to continue to leverage our strong balance sheet to invest in growing our specialties portfolio and we remain committed to strengthening our business model and returning cash to shareholders."

    About the Company
    Ingredion Incorporated (NYSE: INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With annual net sales of nearly $6 billion, the company turns grains, fruits, vegetables and other plant materials into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating, brewing and other industries. With 27 Ingredion Idea Labs(R) innovation centers around the world and more than 11,000 employees, the company develops ingredient solutions to meet consumers' evolving needs by making crackers crunchy, yogurt creamy, candy sweet, paper stronger, and adding fiber to nutrition bars. For more information, visit

    Forward-Looking Statements
    This news release contains or may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends these forward-looking statements to be covered by the safe harbor provisions for such statements.

    Forward-looking statements include, among other things, any statements regarding the Company's prospects or future financial condition, earnings, revenues, tax rates, capital expenditures, expenses or other financial items, any statements concerning the Company's prospects or future operations, including management's plans or strategies and objectives therefor and any assumptions, expectations or beliefs underlying the foregoing.

    These statements can sometimes be identified by the use of forward looking words such as "may," "will," "should," "anticipate," "assume", "believe," "plan," "project," "estimate," "expect," "intend," "continue," "pro forma," "forecast," "outlook," "propels," "opportunities," "potential," "provisional" or other similar expressions or the negative thereof. All statements other than statements of historical facts in this release or referred to in this release are "forward-looking statements."

    These statements are based on current circumstances or expectations, but are subject to certain inherent risks and uncertainties, many of which are difficult to predict and are beyond our control. Although we believe our expectations reflected in these forward-looking statements are based on reasonable assumptions, investors are cautioned that no assurance can be given that our expectations will prove correct.

    Actual results and developments may differ materially from the expectations expressed in or implied by these statements, based on various factors, including the effects of global economic conditions, including, particularly, economic, currency and political conditions in South America and economic conditions in Europe, and their impact on our sales volumes and pricing of our products, our ability to collect our receivables from customers and our ability to raise funds at reasonable rates; fluctuations in worldwide markets for corn and other commodities, and the associated risks of hedging against such fluctuations; fluctuations in the markets and prices for our co-products, particularly corn oil; fluctuations in aggregate industry supply and market demand; the behavior of financial markets, including foreign currency fluctuations and fluctuations in interest and exchange rates; volatility and turmoil in the capital markets; the commercial and consumer credit environment; general political, economic, business, market and weather conditions in the various geographic regions and countries in which we buy our raw materials or manufacture or sell our products; future financial performance of major industries which we serve, including, without limitation, the food, beverage, paper and corrugated, and brewing industries; energy costs and availability, freight and shipping costs, and changes in regulatory controls regarding quotas; tariffs, duties, taxes and income tax rates; particularly recently enacted United States tax reform; operating difficulties; availability of raw materials, including potato starch, tapioca, gum arabic and the specific varieties of corn upon which some of our products are based; our ability to develop or acquire new products and services at rates or of qualities sufficient to meet expectations; energy issues in Pakistan; boiler reliability; our ability to effectively integrate and operate acquired businesses; our ability to achieve budgets and to realize expected synergies; our ability to achieve expected cost savings under our Cost Smart program; our ability to complete planned maintenance and investment projects successfully and on budget; labor disputes; genetic and biotechnology issues; changing consumption preferences including those relating to high fructose corn syrup; increased competitive and/or customer pressure in the corn-refining industry; and the outbreak or continuation of serious communicable disease or hostilities including acts of terrorism. Our forward-looking statements speak only as of the date on which they are made and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement as a result of new information or future events or developments. If we do update or correct one or more of these statements, investors and others should not conclude that we will make additional updates or corrections. For a further description of these and other risks, see "Risk Factors" included in our Annual Report on Form 10-K for the year ended December 31, 2017 and subsequent reports on Forms 10-Q and 8-K

    Investors: Heather Kos, 708-551-2592
    Media: Becca Hary, 708-551-2602


    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: Ingredion Incorporated via Globenewswire

    Copyright 2018 ACN Newswire. All rights reserved.

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    HONG KONG, Sep 17, 2018 - (ACN Newswire) - Zhonghua Gas Holdings Limited (the "Company"; Stock Code: 8246) today announces that the English name of the Company has been changed from "Northern New Energy Holdings Limited" to "Zhonghua Gas Holdings Limited" and the Company has adopted "Zhonghua Gas Holdings Limited" as the new dual foreign name in Chinese of the Company to replace "Northern New Energy Holdings Limited".

    The stock short name for trading in the Shares on the Stock Exchange will be changed from "NORTH NEWENERGY" to "ZHONGHUA GAS" in English and from "NORTH NEWENERGY" to "ZHONGHUA GAS" in Chinese will be effective on 19 September 2018. The stock code of the Company remains unchanged as "8246". Whereas the new logo of the Company has been changed to photo 1 (

    The new name of the Company reflects its intention of focusing on developing its new energy business and expand its market footprint into the whole of the People's Republic of China, even extend to the Greater China Region.

    The Company obtained a dangerous chemicals business operation license and realize its plan to extend its business scopes to develop the trading or supply of LNG business. It moves a step closer to develop into a leading diversified and integrated new energy service provider in the Greater China Region.

    Zhonghua Gas Holdings Limited
    Zhonghua Gas Holdings Limited is principally engaged in provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, operation of liquefied natural gas stations, coupled with trading of new energy related industrial products. The Group is also involved in the operation of restaurants and trading of non-staple food; as well as engaged in the property investment business.

    Media Contacts:
    Angel Yeung
    Jovian Communications Ltd
    Tel: +852 2581 0168

    Copyright 2018 ACN Newswire. All rights reserved.

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    NEXT is introducing the world's first Modular Mobile Parcel Locker.
    - Introduces the world's first Modular Mobile Parcel Locker

    SAN JOSE, CA, Sep 17, 2018 - (ACN Newswire) - NEXT Future Transportation Inc. ('NEXT'), the world's only modular electric vehicle solutions provider, has announced a groundbreaking automated logistics solution for Smart and Connected Cities:

    NEXT is proud to announce the introduction of its fully automated multiservice 'online-to-offline' (O2O) platform, including a modular vehicle solution and the supporting operating system required to bring an ecosystem of logistics services to market at scale.

    "To date NEXT has entirely focused on creating innovative solutions for the municipal mass transportation market. Today NEXT enters the global USD $2.3 trillion e-commerce market, which is driving a rapid transformation of the traditional retail supply chain," said Emmanuele Spera, CEO of NEXT.

    Built on NEXT's patented modular transportation platform, the logistics solution is an automated electric vehicle system that is designed to be customizable and scalable for a wide range of Mobility-as-a-Service (MaaS) applications. A fully integrated logistics solution, NEXT compliments warehouse optimization strategies, and workflow environments of 3PL providers, Retailers and Manufacturers. The unique modular platform seamlessly integrates with mixed fleets of autonomous mobile robots existing operating systems.

    Upon completion of the automated warehouse loading process, individual vehicles autonomously connect to form a fleet, thus allowing the joint internal space to be utilized. While in route, parcels may autonomously shift amongst vehicles to ensure optimal final delivery.

    "NEXT's approach fundamentally differs from all current Autonomous Ground Vehicles or e-Shuttles in that our vehicle's open interior design layout can flexibly adapt to accommodate specific needs. Furthermore, NEXT's fleets may be operated by a human driver, a remote human operator, or autonomously. Therefore we plan to operate on public roadways in the near term," said Tommaso Gecchelin, CTO of NEXT.

    To meet the growing global market demands of future multi-mode transportation and business applications, NEXT is introducing the world's first Modular Mobile Parcel Locker.

    "Our unique locker solution will provide retailers with more control, while reducing the overall costs of delivery. The public will benefit from superior flexibility and ease of use as delivery locations are determined by customer proximity," said Sven Hackmann, EVP of NEXT.

    NEXT believes that the future of innovation is defined by co-innovation and co-ownership. Consequently, it is collaborating with several partners on various developments on a wide range of applications.
    With offices in Europe and the United States, NEXT has identified China and the Gulf region as its primary growth markets.

    "We are encouraged by the lifting of restrictions on the business scope of foreign startups, which is a path to ensure fair competition in China. From 2008 to 2015, China's same-city delivery was the fastest growing sector among various logistics businesses, with a 44% annual growth rate, according to China's State Post Bureau. It is expected the market will reach over RMB200 billion (USD$29 billion) in 2020, and we are excited to participate," said Spera.

    NEXT is preparing to announce its formal China market entry.
    Learn more at:

    NEXT Future Transportation is a mass transportation and goods movement startup that is developing a patented modular, autonomous, electric vehicle fleet and the supporting operating system required to bring the systems and services to market at scale. NEXT received seed funding from DP World, the world's largest owner-operator of marine and inland ports.

    Emmanuele Spera
    T: +1 408 646 7157
    NEXT Future Transportation, Inc.

    Copyright 2018 ACN Newswire. All rights reserved.

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    SINGAPORE, Sep 17, 2018 - (ACN Newswire) - Blockchain Pioneers Summit (BPS) is a highly curated digital asset event making its debut on 21 September 2018 in Singapore following the widely successful NYC BlockAsia Conference in NYC.

    Immediately following Consensus: Singapore, the organizing team at Blockchain Pangea will be bringing together highly influential and established opinion leaders for high-level discussions, including social impact, eco-sustainability, mass adoption and inclusivity. It will be a 350 pax intimate engagement with numerous blockchain players from across Asia, and will bring together attendees from a diversity of backgrounds within the blockchain space.

    When & Where: Save the Date

    The Blockchain Pioneers Summit is happening in Singapore, Asia. No surprise, given Singapore is one of the biggest financial hubs in Asia.

    -- Event : Blockchain Pioneers Summit (BPS)
    -- Dates : 21 September 2018
    -- Venue: Chijmes, Singapore
    -- URL :

    Buy your tickets today!

    Highlights for the conference include WanChain's CEO Jack Lu, who will be a keynote speaker at the conference. He will be sharing the latest technological updates as well as his vision for financial inclusion and mass adoption via the WanChain ecosystem.

    Node Capital, one of the most active and renowned blockchain funds, is a co-host of the conference and will also take the stage for a keynote session. A selection of distinguished speakers representing blockchain protocols like TomoChain, MultiVAC and Waves will also be present.

    Partners come from various blockchain ecosystems in Asia, including Jinse Finance (leading blockchain media from China), QRC Group (co-host and reg-tech focused community with partnerships across Asia), Infinity Blockchain Ventures (rapidly rising blockchain player in Southeast Asia) and BlockTempo (largest blockchain media and community in Taiwan).

    Singapore has been turning to the emerging blockchain technology for almost every aspect of society; from banking to logistics and shipping. The hands off approach of Singapore's government has made the city attractive for blockchain companies from around the world, contributing to the city's meteoric rise as a top blockchain hub.

    If you are keen in learning the latest breaking developments coming out from Asia, or want to engage with blockchain luminaries doing extraordinary work, do mark 21 Sep down on your calendar for Blockchain Pioneers Summit.

    For more information:

    Use code ASIACEO30 for 30% off tickets.

    Victor Goh, Blockchain Pangea

    Copyright 2018 ACN Newswire. All rights reserved.

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    Coinsuper Co-founder & CEO, Karen Chen, was invited to share her insights on the crypto markets at Milken Institute Asia Summit on Sept 13 in Singapore.
    HONG KONG, Sep 17, 2018 - (ACN Newswire) - Coinsuper Co-founder & CEO, Karen Chen, was invited as the speaker to share her insights on the crypto markets at Milken Institute Asia Summit on September 13th in Singapore.

    The theme of the 2018 Milken Institute Asia Summit is "A World in Transition: Preparing for the Future." The program delves into the uncertainties and innovations shaping the continent and how Asia can prepare while remaining at the forefront of global affairs.

    The Summit also fosters productive partnerships among the more than 800 participants, which include Fortune 500 CEOs, government officials, institutional investors, philanthropists and high-level executives in international capital markets.

    The subject for Karen is mainly focus on how virtual currencies went from mania to mainstream. The speakers who joined the discussion also included notable figures: Bill Barhydt (Founder & CEO of ABRA), Ron Cao (Founder & Managing Director of Sky9 Capital), Sam Englebardt (Co-Founder & Partner, Venture Investments and Strategic Partnerships, Galaxy Digital) and Jeffrey Li (CEO, Global Crypto Offering Exchange, GCOX).

    Speaking of the key drivers for crypto market growth, Karen pointed out that there're three key drivers, first, blockchain technology will be able to add value to the traditional businesses; second, the best practices and rules for crypto industry players will be shaped and set to protect investors; and third, cryptocurrencies are widely accepted by the millennials.

    Also, with regards to the big institutional money flowing into crypto space, Karen added: "We do see some big institutions gradually entering into the market, including traditional VCs (old money) and traders who keep close eyes on the market opportunities. And I believe they would gain more confidence if backed by clearer regulations."

    About Coinsuper
    Hong Kong-based Coinsuper is the top cryptocurrency exchange led by former top-notched financial industry veterans and digital asset evangelists. The established background has well proven to provide industry know-how to combine the traditional financial market with the crypto landscape. Coinsuper deal extensively with fiat trading, in turn, requirements for compliance and regulatory abidance come in higher standard, calling for more comprehensive financial licensing and traditional banking supports.

    Coinsuper leverages their network to bring financial institutions, professional investors and alliance partners to accelerate the path towards the crypto market. We are also well trusted by our strategic partners and investors including Pantera, ChinaEquity, Ausvic, 8 Decimal, New Focus Auto, Cash Financials, Sky9, Guosheng International, Chunda and Juntong, among others.

    Copyright 2018 ACN Newswire. All rights reserved.

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    Yidan Prize for Education Research 2018 Laureate: Larry HEDGES
    Yidan Prize for Education Development 2018 Laureate: Anant AGARWAL
    Yidan Prize announced 2018 laureates
    HONG KONG, Sep 17, 2018 - (ACN Newswire) - The Yidan Prize, the world's largest prize in education, announces its 2018 laureates. Larry V. HEDGES has been awarded the Yidan Prize for Education Research for his ground-breaking statistical methods for meta-analysis, while Anant AGARWAL has been granted the Yidan Prize for Education Development for making education more accessible to people around the world via the innovative edX open-source online platform. In recognition and support of their groundbreaking work, each of the laureates will receive HK$30 million (approximately US$3.87 million), representing a combined award of HK$60 million (approximately US$7.74 million).

    This year's laureates were chosen during a six-month judging process from nearly 1,000 nominations spanning 92 countries by an independent committee led by Dr Koichiro MATSUURA, former Director-General of UNESCO. Mr Andreas SCHLEICHER, Director for the OECD's Directorate of Education and Skills leads the panel judging the Yidan Prize for Education Research, while Ms Dorothy K. GORDON, Chair of UNESCO IFAP, leads the panel adjudicating the Yidan Prize for Education Development. The geographical reach of nominated projects increased by nearly 70% this year, indicating the continued growth of the significance of the Yidan Prize on the global stage.

    Dr Charles CHEN Yidan, Founder of the Yidan Prize, commented: "I congratulate the laureates and nominees alike for their outstanding contribution and achievements. Education should be an area of interest that goes beyond race, religion, economic status or country of origin. I hope every country and region can share the results of education research and development, facilitating more international cooperation in order to create a better world through education."

    A closer look at the laureates

    Larry V. HEDGES, Chairman of the Department of Statistics at Northwestern University in Chicago, developed statistical methods for meta-analysis in social, medical and biological sciences, and found innovative methods of synthesizing research findings across studies. His work helps policymakers, educators and the general public to see the evidence for "what works" in the field of education, and makes it possible to take a scientific approach to improving education for future generations. His current work includes providing advanced training to research professionals in design, conduct and analysis of large-scale, randomized experiments in education.

    Mr SCHLEICHER, Head, Judging Panel, Yidan Prize for Education Research, praised Professor Hedges, the laureate of the Yidan Prize for Education Research, for advancing evidence-based, quantitative analytics. He said: "Larry Hedges has given us new glasses for seeing what works in education. It's hard to improve what we cannot see and measure, and Prof. Hedges provides researchers with the tools and methods to better understand how we can help students learn better, teachers to teach better and schools to become more effective. It provides a way to base educational improvements on scientific evidence. As we live in a time when misinformation is rife, and the quantity of available data is almost infinite, this work couldn't come at a more critical time."

    Anant AGARWAL is the founder and CEO of edX, an online learning destination founded by Harvard University and the Massachusetts Institute of Technology (MIT). He taught the first edX course on circuits and electronics from MIT, which drew 155,000 students from 162 countries. Professor Agarwal founded edX in 2012 with the aim to provide access to high quality education at scale, to learners around the world, regardless of geographic location, financial resources, prior academic qualifications, gender, race or other demographics. edX currently offers over 2,000 online courses from more than 130 leading institutions to more than 17 million people around the world and aims to continue increasing its reach. edX was also able to link education and employment by allowing learners to obtain micro certificates. Today, high-achieving certificate holders gain access to job interviews at multinational IT companies. Numerous companies use edX to upgrade their employees' skills

    Ms GORDON, Head, Judging Panel, Yidan Prize for Education Development praised Anant AGARWAL for his pioneering work behind the massive open online course (MOOC) movement. She said: "edX gives people the tools to decide where to learn, how to learn and what to learn. It brings education into the sharing economy, enabling access for people who were previously excluded from the traditional system of education because of financial, geographic or social constraints. It is the ultimate disruptor with the ability to reach every corner of the world that is internet enabled, decentralizing and democratizing education."

    Dr MATSUURA commented: "We are pleased with this year's result, the second year the Yidan Prize has been awarded. Our panel is delighted to see that the laureates' projects are helping both developed and developing countries transform education systems today for a better tomorrow in an innovative and sustainable manner."

    Mr Kevin YEUNG Yun-hung, the Secretary for Education of the Government of the Hong Kong Special Administrative Region and an honored guest at the laureates' announcement, said: "I would like to take this opportunity to express my gratitude to all who have made the Yidan Prize Foundation a success. It is particularly encouraging to see that the Foundation's heart and soul lie right here in Hong Kong, a valuable member of the Pacific Rim and, most importantly, a place that places a high value on education and research."

    Honoring the laureates, sharing ideas, proposing solutions

    The Yidan Prize for Education Research and the Yidan Prize for Education Development will be awarded in Hong Kong on 9 December 2018. The Honorable Mrs Carrie LAM CHENG Yuet-ngor, Chief Executive of the Hong Kong Special Administrative Region, will present Larry Hedges and Anant Agarwal with gold medals.

    The ceremony will be followed by the Yidan Prize Summit on 10 December 2018. The laureates will be joined by approximately 350 practitioners, researchers, policymakers, business leaders and philanthropists, and other global leaders in education.

    During the summit, the Yidan Prize Foundation will launch the 2018 edition of the Worldwide Educating for the Future Index (WEFFI), the first comprehensive index to evaluate inputs into education systems rather than outputs, such as test scores. This year's WEFFI has expanded its list of economies from 35 to 50, representing nearly 93% of global GDP and 89% of the world's population.

    Nominations for the next round of the Yidan Prize will open in late September.

    Media contacts
    Yidan Prize Foundation
    Brian Yeung
    Mobile: +852 6255 3845

    EM Communications
    Maria Levitov
    Mobile: +44 755 309 2429

    Copyright 2018 ACN Newswire. All rights reserved.

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    Malaysia/Indonesia, Sep 17, 2018 - (ACN Newswire) - The leading Defense lawyer of former Malaysian Prime Minister Dato Sri Najib Razak was arrested earlier today, charged with money laundering.

    He was later released on bail and gave a press conference. The former PM himself has also issued a formal statement. Today's arrest appears to be a clear attempt to intimidate the legal defense team of the former Prime Minister Najib TaAk and to politicize the judiciary. Such actions may well deny Dato Sri Najib Razak a fair trial. His trial is expected to start early next year.

    Najib Razak made a statement in this regard:

    "1. The AMLA charges against my lead lawyer Tan Sri Muhammad Shafee Abdullah for receiving payments from my party for services rendered is yet another step to deny me a fair trial. It can be seen as an attempt to intimidate or disqualify him and other lawyers from representing me in my case.

    2. Prior to this, the judge in my case has been suddenly changed while the Attorney-General's Chambers (AGC) has appointed two outside lawyers to lead the prosecution case against me. This is counter to the long-held claim by PH previously that the AGC should never have appointed an outside lawyer in Tan Sri Shafee to act as prosecutor in Datuk Seri Anwar Ibrahim's sodomy trials. Now the AGC has appointed not one but two outside lawyers to act as prosecutors.

    3. As I have recently disclosed via bank documents, I have received substantial amounts directly as a political donation from Saudi Arabia's Ministry of Finance and a Saudi Arabia prince who acted for King Abdullah.

    4. These monies were used to pay Tan Sri Shafee towards account of payment of fees for services that his firm rendered as lawyers for my party over many cases over the years including for election petition cases in GE12 and GE13 for BN leaders such as former PM Tun Abdullah Badawi, Tan Sri Rafidah Aziz and many others. A lawyer works for fees and he or she is entitled to payment for their services.

    5. Charging Tan Sri Shafee for receiving payments for legal services rendered sets a very dangerous legal precedent for all lawyers, professionals and businesses.

    No one will be safe if the government choose to victimise or to politically persecute you.

    6. The speed of Tan Sri Shafee's persecution is also questionable as it comes mere days after Tan Sri Shafee had correctly pointed out that is was the current Prime Minister who had ordered to make Tan Sri Shafee as the lead prosecutor in Anwar Ibrahim's sodomy trials - a fact that neither Tun Mahathir, his long-time aide who arranged for the meeting or the previous Attorney-General has yet to comment or deny.

    7. The timing of Tan Sri Shafee's charges is surprising as I have yet to be interviewed by MACC or had a chance to submit my documents over this case. This means that investigations were clearly not complete before Tan Sri Shafee was charged.

    8. Tan Sri Shafee's persecution also comes hot on the heels on the AGC controversially dropping two corruption charges against the current Finance Minister - a case that was already undergoing trial where 20 witnesses have been heard."

    Additionally, more than a dozen other charges against Pakatan political leaders and those aligned to them were also similarly dropped in the previous months.

    The lawyer, Tan Sri Shafee in an earlier statement issued on 8th September had said: "My firm and I have acted as the lawyers on retainer for Dato' Sri Najib Tun Razak and UMNO for many years until now. Under the UMNO party constitution, Dato' Sri Najib has been empowered to manage and disburse party funds for the benefit of his party and is a practise that is no different from past UMNO presidents. I have never said i have never been paid by Dato' Sri Najib or UMNO as this is illogical as it is public knowledge that both parties have engaged me and my firm on numerous occasions in the past. My previous statement on this matter was very clear as to say that I have not been paid to act as prosecutor in Datuk Seri Anwar Ibrahim's case. As to Datuk Seri Anwar Ibrahim's claim that the Attorney General Office (AGC) should never had allowed me to prosecute his case as appointing an outside prosecutor is not an ordinary practice by the attorney general, let me point out to you that our current attorney general had just announced last week that they have appointed not one but TWO outside prosecutors in Sulaiman Abdullah and Gopal Sri Ram to act as the chief prosecutors in Dato' Sri Najib's case. Sulaiman Abdullah and Gopal Sri Ram had acted to defend Datuk Seri Anwar when I had acted as prosecutor. This is now an interesting reversal as I am now the defence lawyer for Dato' Sri Najib while they will be the prosecutors."

    -- This statement may well have triggered today's aggressive action by the Malaysian authorities.

    Copyright 2018 ACN Newswire. All rights reserved.

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    Toyota is paying tribute to the original Yaris by introducing a new Y20 grade to its 2019 model range, marking the 20th anniversary of its successful B segment car displayed for the first time at Paris Motor show in 1998. Through two decades and three generations, Yaris has become firmly established as Toyota's best-selling model in Europe, also being built here at its Valenciennes factory in France.

    BRUSSELS, BELGIUM, Sep 18, 2018 - (JCN Newswire) - The revised Yaris range, revealed for the first time at the Paris Motor Show, will offer a new multimedia system that enables smartphone integration.

    In fitting style, there will be an initial production run of 1998 Launch Edition Y20 models featuring the same gold paintwork used by the first Yaris back in 1998, but with the contemporary twist of a bi-tone dark grey roof.

    The full-production Y20 models will sit at the heart of the 2019 Yaris model range, replacing the current Mid+ grade and offering a strong value proposition for customers. Standard and bi-tone versions will be available, the latter matching silver, pearl or black bodywork colours with a new dark grey finish for the roof.

    The exterior styling uses dark grey features to distinguish the Y20 within the Yaris line-up. These include, 16-inch grey and machined-face 10-spoke alloy wheels, and dark grey side mouldings, front grille, door mirror casings and fog light surrounds (with chrome detailing). The Y20 also sports a shark fin antenna, colour-matched to the roof, dark-tinted rear privacy glass and special Y20 badging at the rear.

    The interior extends the dark grey theme, applied to the centre console, steering wheel inserts and new chequer-pattern fabric upholstery. Satin chrome air vent, audio speaker and meter surrounds and gear knob trim, black carpet mats with silver edging and Y20 badging on the instrument panel and front setbacks further enhance the quality feel of the interior.

    New Multimedia System

    The 2019 model year Yaris' new multimedia system is in tune with people's desire to keep connected at all times. Connectivity has become an increasingly important purchase consideration for customers and the new package will enable easy smartphone integration and access to useful, popular apps.

    Operation is via a simple central touchscreen; once connected, selected smartphone contents can be viewed and accessed using the screen. Functionality will be extended over time to enable access to other third party apps.

    The system has a clear and simple hardware and HMI design. It can be used to provide smartphone-enabled route navigation and is able to respond to voice commands, via a new microphone and a dedicated button on the head unit, with least driver distraction. The touchscreen will also respond to familiar multi-touch gestures, such as screen flicking and pinching in/out.

    About Toyota Motor Corporation

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

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

    Copyright 2018 JCN Newswire. All rights reserved.

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    Podium Ceremony
    Rally Turkey: Day 4

    TOKYO, Sep 18, 2018 - (JCN Newswire) - The TOYOTA GAZOO Racing World Rally Team has finished first and second on a gruelling Rally Turkey with drivers Ott Tanak and Jari-Matti Latvala. It is the first such result for the team since its return to the FIA World Rally Championship at the start of 2017, and moves the squad to the top of the manufacturers' standings. It is the third win in a row for Tanak and the Toyota Yaris WRC: the first time any driver or team has achieved such a streak since the latest era of World Rally Cars was introduced last season.

    On the WRC calendar for the first time since 2010, Rally Turkey provided a considerable test to all the teams and crews, with entirely new stages over rough and rocky gravel roads that were extremely demanding for the cars and tyres. In a rally of attrition, where only five World Rally Cars completed the event without having to retire from at least one of the three legs, the approach of the Toyota team and its drivers to focus on reliability and avoiding mistakes paid dividends.

    Tanak and Latvala occupied fifth and fourth positions at the end of Friday and through measured driving took over at the top of the leaderboard at the beginning of Saturday afternoon as their rivals hit problems. From there, the two drivers continued to avoid problems over the remaining stages, with Tanak winning by 22.3 seconds over Latvala with almost one minute and a half further back to the third-placed crew.

    Esapekka Lappi was unable to take part in Sunday's stages after his car was too heavily damaged when he went off the road on Saturday morning. This however did not prevent Toyota claiming a maximum points haul of 43 points towards the manufacturers' championship, which it now leads by five points with three rounds remaining. Tanak, who also took three bonus points for third place on the rally-ending Power Stage, has climbed to second in the drivers' standings, just 13 away from the lead. Latvala, fourth on the Power Stage, moves up to fifth behind Lappi.

    Akio Toyoda (Team President)

    "Following Finland and Germany, we, TOYOTA GAZOO Racing WRT, have achieved excellent results for the third consecutive rally. I really appreciate the fans who are supporting us from all over the world. Rally Turkey was very tough, beyond our imaginations, for all the components of the car including the chassis, engine and tyres, because of its severe roads with big rocks and high temperatures. To have run through such roads and reached the finish with these great results, I appreciate the drivers, the co-drivers and all the team members. Thank you all and congratulations! During the rally, the Yaris WRCs did not run perfectly all the time. There were minor issues for every car and each crew had to drive carefully. Driving carefully back to the service park, improving the car together with engineers and mechanics during service, and going back to the stages... this is how we reached the podium. When he finished Saturday in second overall, Latvala said that on Sunday he would drive for the team and his team-mate. I am really glad to see the result of such teamwork. And I am proud of not only the winning crew, Tanak and Jarveoja, but also all my team-mates who gave their full efforts to make this happen. In this team, Toyota Motor Corporation works to make cars which drivers can drive more easily. Together with our amazing team-mates we will continue making "ever-better" cars in order to share more joy in the future. Thank all the fans in advance for your continuous support of the team."

    Tommi Makinen (Team Principal)

    "This has been another absolutely brilliant weekend for us. Thank you to Ott and to Jari-Matti: they concentrated really hard and didn't make any mistakes. It was a new rally for everybody, with some very technical stages, and we saw that it was easy to make mistakes. It was a big challenge as well for the cars but we managed it well and this is the result. The team has done a fantastic job with the cooling package and everything else, and now our car seems to be very reliable. It is great to now be leading the manufacturers' championship and we will keep working hard until the end of the season."

    Jari-Matti Latvala (Driver car 7)

    "This is a great result for the team. The main thing today was to get the one-two finish and we did it. Everything went according to plan. I tried to be clever and not do anything stupid and I had a consistent run. We are trying hard to win the manufacturers' championship so these points were very valuable, and the remainder of the season now looks very exciting. For me, it is very nice to be on the podium again. Things have started to look better since Finland. Now let's keep it going this way."

    Ott Tanak (Driver car 8)

    "This rally was so difficult. From the beginning, we knew that it will not be the fastest driver that will win this rally but that it would be the smartest. We were the most consistent and we managed to do the whole rally without any issues or having to stop on any of the stages. Obviously it has been a great team effort and they have been able to build a very strong car. The championship is now wide open so let's keep pushing."

    1. Ott Tanak / Martin Jarveoja (Toyota Yaris WRC) - 3h59m24.5s
    2. Jari-Matti Latvala / Miikka Anttila (Toyota Yaris WRC) - +22.3s
    3. Hayden Paddon / Seb Marshall (Hyundai i20 Coupe WRC) - +1m46.3s
    4. Teemu Suninen / Mikko Markkula (Ford Fiesta WRC) - +4m10.9s
    5. Andreas Mikkelsen / Anders Jaeger (Hyundai i20 Coupe WRC) - +7m11.7s
    6. Henning Solberg / Ilka Minor (Skoda Fabia R5) - +13m40.6s
    7. Jan Kopecky / Pavel Dresler (Skoda Fabia R5) - +18m25.2s
    8. Simone Tempestini / Sergiu Itu (Citroen C3 R5) - +19m37.1s
    9. Chris Ingram / Ross Whittock (Skoda Fabia R5) - +20m21.3s
    10. Sebastien Ogier / Julien Ingrassia (Ford Fiesta WRC) - +20m51.2s
    Retired - Esapekka Lappi / Janne Ferm (Toyota Yaris WRC)

    What's next?

    Round 11 of the 2018 season is Rally GB on October 4-7. In dry conditions these stages can be driven at fairly high speeds, but in the Welsh autumn the pace is usually tempered by mud, which can make the surfaces treacherously slippery. Fog and even ice can add to the challenge, particularly early in the morning or late in the evening.

    About Toyota Motor Corporation

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

    Global Communications Department Toyota Motor Corporation Tel: +81-3-3817-9926

    Copyright 2018 JCN Newswire. All rights reserved.

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    Exterior Lumada Center
    To Offer IoT Solutions for Customers in Thailand and Support Growth in the Eastern Economic Corridor (EEC)

    BANGKOK, Sep 18, 2018 - (JCN Newswire) - Hitachi Ltd. (TSE: 6501) and Hitachi Asia Ltd. today announced the launch of "Lumada Center Southeast Asia" at Amata City Chonburi Industrial Estate in Chonburi, as part of its broader efforts to support the national push towards "Thailand 4.0".

    This establishment is billed as Hitachi's first Lumada Center set up in the world, which integrates successful internet of things (IoT) solutions from countries around the world, including Japan, China and the United States of America.

    A key feature of Lumada Center is Hitachi's IoT platform, 'Lumada', which is poised to deliver Hitachi's advanced technologies by connecting and analysing customers' data, supporting co-creation and creating new value through the utilisation of digital technologies such as big data analytics, artificial intelligence (AI), as well as information and communication technology (ICT).

    Lumada Center offers IoT solutions that can facilitate the co-creation of customised digital solutions to suit different business needs. Through the use of data analytics and AI tools offered by Lumada Center to drive predictive and corrective maintenance, Hitachi aims to increase the operational productivity of factories across Thailand. The center's range of solutions include AI analytics and life cycle support through IoT capabilities such as remote monitoring, as part of Hitachi's aim to co-create with partners to establish the best customised solution.

    This underscores Hitachi's commitment to support Thailand's push for a value-based economy driven by digitalisation, and to help partners in the private and public sectors resolve business and social challenges.

    Toshiaki Higashihara, president & CEO of Hitachi, Ltd., said: "Hitachi regards Thailand as an important market - the country represents the largest share of our business operations across the ASEAN market. We are proud to launch Lumada Center Southeast Asia, as part of our efforts to support Thailand's vision to create a sustainable, value-based economy that is driven by innovation, technology and creativity. We will continue to contribute to Thailand's development, leveraging on our focus on co-creation with partners and the use of digital technologies as a key enabler to deliver positive outcomes for society, businesses and individuals across the country."

    Kosuke Horiuchi, managing director of Hitachi Asia Ltd., said: "Through the rollout of Lumada Center, we hope to provide the necessary digital tools to help Thailand advance towards a skilled sector, and upwards to the next phase of the value chain."

    Last year, Hitachi concluded an agreement with the Eastern Economic Corridor (EEC) Office on applying digital technologies including IoT technologies and the establishment of an innovative environment to promote the EEC development in the country.

    Koji Tomita, deputy managing director of Hitachi Asia Ltd., who spearheads Lumada Center, said: "With the Lumada IoT platform, Hitachi will closely work with customers to provide them with a variety of IoT solutions, which have been applied and proven in markets including Japan, China and the United States of America. Through the adoption of Lumada technology, customers can look forward to smarter factories with increased operational productivity and product quality, thereby achieving better business efficiencies."

    Lumada Center features an IoT solution room, to showcase how Hitachi utilises its Operational Technology and Information Technology to achieve optimal results in the manufacturing process. The co-creation room is another key feature within the center, where Hitachi can better understand the needs of each unique client and collaborate through business analysis and service ideation, to create viable business solutions.

    With the establishment of Lumada Center, Hitachi seeks to provide customised solutions for business partners in Thailand, with plans underway to bring this solution to countries across the ASEAN region in the future.

    About Hitachi Asia Ltd.

    Hitachi Asia Ltd., a subsidiary of Hitachi, Ltd., is headquartered in Singapore. With offices across seven Asean countries - Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam - the company is focused on its Social Innovation Business to answer society's challenges. Hitachi Asia and its subsidiary companies offer a broad range of information & telecommunication systems, power systems, social infrastructure & industrial systems, electronic systems and equipment, construction machinery, high functional materials and components, automotive systems, home appliances and others. For more information on Hitachi Asia, please visit the company's website at

    About Hitachi, Ltd.

    Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at

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

    Copyright 2018 JCN Newswire. All rights reserved.

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    TOKYO, Sep 18, 2018 - (JCN Newswire) - At the Paris motor show this year, Toyota will demonstrate how it is reinforcing its foundations and preparing for future growth.

    New Stand

    The automotive industry is entering a once-in-a-century transformation and Toyota is preparing by shifting from a pure car company towards an innovative mobility provider offering ever better mobility for all.

    This brand shift is reflected by a new motor show stand that features 3 distinct areas. One--called Start Your Impossible--is dedicated to new mobility solutions and future innovation. The second celebrates Toyota's motorsport activities with Toyota GAZOO Racing. And the third area is dedicated to Toyota's new models, with a clear focus on the latest self-charging hybrid product offers.

    New Approach to Press Conference

    To fully reflect the changing media communications landscape, the traditional "on-stand" press conference is replaced with a new digital on-demand format that can be experienced at any time--either on stand or on-line, whether at the motor show itself, or anywhere else in the world.

    The digital press conference starts with a brief introduction from Dr. Johan Van Zyl, President and CEO of Toyota Motor Europe, followed by an interactive system with modules dedicated to each car on display and other key messages.

    The idea is to offer more flexibility for the media to experience Toyota's press conference at their convenience, whether physically at the show or visiting virtually from anywhere else.

    It will be hosted on a microsite under the following URL: as well as via the Toyota Motor Europe YouTube channel.

    New Cars on Display

    Two key product elements are exclusively featured at the Paris Motor Show: Hybrid technology and Toyota New Global Architecture (TNGA).

    For more than 20 years Toyota has developed, improved and democratised its self-charging hybrid technology. At Paris this year, only hybrid vehicles will be exhibited--from the compact Yaris, to the latest generations of the Corolla, the RAV4 and the Camry.

    Toyota New Global Architecture (TNGA) forms the basis of Toyota's new product and powertrain offers. More than a platform, TNGA is an engineering and design philosophy. While improving the driving dynamics of cars, it also allows the development of exterior and interior designs with stronger emotional appeal.

    The stand will feature the world premiere of the all new Corolla Touring Sports, alongside the full reveal of its Hatchback sibling. Thanks to the new TNGA-C platform, the new Corolla features an emotional design as well as offering the choice of two self-charging hybrid powertrains--a 1.8l or a brand new 2.0l.

    The new RAV4 will debut as a European premiere, with a strong rugged design, the new TNGA-K platform and the new 2.5l self-charging hybrid.

    After 14 years of absence, Camry is returning to Western Europe with a completely new model, also underpinned by the new TNGA-K platform and also with the new 2.5l self-charging hybrid.

    At the Paris motor show 20 years ago, the Yaris made its world debut. To celebrate that anniversary, a special 'Y20' edition is available with the same stand-out Golden Yellow paintwork as the original car from 1998, but this time executed as a bi-tone including a contemporary dark grey roof and other dark grey accents. The other special edition of Yaris at the show celebrates Toyota GAZOO Racing's successful rally season with a GR Sport version.

    Besides car models, Toyota will showcase the latest safety technology development with Toyota Safety Sense featuring new features and functions, fitted on the new Corolla and RAV4.

    At the dedicated Toyota GAZOO Racing area, the 2018 Le Mans-winning Toyota TS050 Hybrid LMP1 car will be on display together with the much-coveted Le Mans trophy.

    We invite you to visit the new Toyota stand, experience our new digital press conference and learn about our new products in Hall 4.

    About Toyota Motor Corporation

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

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

    Copyright 2018 JCN Newswire. All rights reserved.

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    Figure 1: Relationship between the scale of problems and number of bits
    Figure 2: Example application of the new technology to a stable configuration search problem
    Boosting Digital Annealer capacity to expand reach into applicable domains

    TOKYO, Sep 18, 2018 - (JCN Newswire) - Fujitsu Laboratories Ltd. today announced that it has developed a large-scale problem segmentation technology, produced together with Fujitsu Advanced Technologies Limited, that utilizes the Digital Annealer, Fujitsu's computational architecture that can solve combinatorial optimization problems at breathtaking speed. Previously, the Digital Annealer could only handle problems up to a size that could be input into standalone hardware. This new development now makes it possible to extract essential portions of a problem based on its characteristics, and after processing with the Digital Annealer, are repeatedly cycled through to return to an overall state. During this stage, the method to elicit the most optimized response is adopted, which makes it possible to apply to large-scale problems. By applying this technology to the second generation Digital Annealer, which will be capable of handling 8 Kbits-scale (8,192 bits) problems, Fujitsu Laboratories anticipates that it will be possible to apply it to problems on a 100 Kbit scale. In this trial, Fujitsu Laboratories confirmed through simulations that it would be possible to solve the 30 Kbit stable molecular configuration search problems expected to be used in medium-sized drug discovery. This technology can cut simulation time to just a few days from the half a year taken by conventional computers. Fujitsu Laboratories will begin a joint research with ProteinQure Inc.(1) in order to accelerate the discovery of mid-size protein therapeutics. Fujitsu Laboratories is contributing to the creation of new business by using the new technology and applying the Digital Annealer to combinatorial optimization problems in a variety of fields.

    Development Background

    Combinatorial optimization problems exist across a range of fields in everyday society, necessitating the combinations that will produce the most efficient and effective results. With combinatorial optimization problems, as the number of combinations increases explosively when all of the factors that need to be considered to find solutions are factored in, there is a limit to the scale of a problem that can be solved in a practical length of time with existing computing technology. In light of this, Fujitsu Laboratories developed the Digital Annealer, a dedicated architecture for combinatorial optimization problems. Services for 1 Kbit (1,024 bits) scale problems are already available, and research is ongoing to provide support of up to 8 Kbits, within fiscal 2018. There is demand, however, to go further and provide support for massive problems of a scale greater that those that can be input into hardware so as to solve combinatorial optimization problems of evermore complexity. For example, with computations of around 30 Kbits, it becomes possible to quickly solve stable configuration search problems for molecules of up to 50 amino acids in the field of medium-sized drug discovery. This can accelerate the development of medium-sized drugs. Beyond that, this technology can also be applied to a variety of other fields, including factories and manufacturing as well as transportation.
    Figure 1: Relationship between the scale of problems and number of bits


    Simply segmenting large-scale problems into portions that are small enough to be input into the hardware, then optimizing those individual portions would not optimize the problem as a whole. In other words, while it is possible to optimize individual portions by extracting parts of a problem, if the appropriate portion is not extracted, a sufficient level of effectiveness cannot be achieved.

    About the Newly Developed Technology

    Fujitsu Laboratories has now developed a technology to handle problems of a larger scale than can be input into standalone hardware. When this technology is applied to the second generation Digital Annealer, it is expected to be capable of handling problems up to 100 Kbits in size. The features of the newly developed technology are as follows.

    1. Executes a solution search cycle in order to find the optimal solution

    After conducting a quick overall search of the entire problem, this technology extracts a portion of the problem of a size that can be input into the hardware, and uses the Digital Annealer to search for an optimal solution for the extracted portion. That result is fed back into the problem as a whole, and the cycle is repeated multiple times, changing the extracted portion, and finding an even more optimal solution for the larger-scale problem.

    2. Multiple segmentation methods based on the characteristics of the problem

    To increase the efficiency of optimizing the problem as a whole, it is important to determine the portion to extract, depending on the characteristics of the question. Fujitsu Laboratories focused on the relationship of the problem, developing multiple segmentation methods, including a method that primarily extracts the portions of the problem as a whole that change the most easily, and a method that segments the portions that have the least amount of coupling between elements. By selecting the appropriate segmentation method for each problem, this technology can efficiently find solutions for large-scale problems.


    Fujitsu Laboratories, together with ProteinQure Inc., a company developing a software platform for protein drug discovery, confirmed the possibility of using the Digital Annealer on simulations that find stable configurations of protein drug candidates. In protein drug discovery, drug candidates, in which anywhere from a handful to about 50 amino acids are connected in a chain, have an effect as drugs by binding strongly with targeted proteins. The Digital Annealer is used to search for the most stable configurations when each amino acid is modeled and placed on a point in a 3D grid, using factors such as the binding relationship between amino acids. Then the strength of the binding between the configuration discovered with this method and the target protein is investigated using a docking computation. By repeating this cycle about 1,000 times, for example, this technology can find a highly effective medium-sized drug candidate. By applying this technology to the second generation Digital Annealer, Fujitsu Laboratories was able to shorten the simulation time required for a computation involving a medium-sized drug candidate consisting of 48 amino acids (about 30 Kbits) from several hours using conventional computers to several minutes, using the same method of modeling amino acids. This means that by repeating this flow, a search for therapeutic molecules that would have taken half a year could be done in a few days. Applying this newly developed technology, the Digital Annealer is expected to accelerate the development of protein therapeutics, which are attracting attention as next-generation drugs.
    Figure 2: Example application of the new technology to a stable configuration search problem

    Future Plans

    By using the Digital Annealer and the application of this technology, in the future Fujitsu Laboratories expects to be able to handle massive combinatorial optimization problems of up to 100,000 bits, contributing to customers in a wide range of businesses, including drug discovery, chemistry, manufacturing, transportation, finance, and logistics. Accordingly, Fujitsu Laboratories will begin a joint research with ProteinQure Inc. in order to accelerate the commercialization of this technology for protein drug discovery.

    (1) ProteinQure Inc. ProteinQure is a Canadian start-up building next-generation tools for computational protein drug design. They are integrating state-of-the-art molecular modelling with algorithms in reinforcement learning and quantum computing to reimagine how pharmaceutical companies discover novel therapeutics. Accurate biophysical models enable them to design drugs without reliance on large data sets and tackle some of the most challenging targets linked to cancer and autoimmune disease. ProteinQure has partnerships with the majority of quantum computing hardware providers and are currently conducting collaborative research with drug discovery labs in academia and industry. Website:

    About Fujitsu Laboratories

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

    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 140,000 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 4.1 trillion yen (US $39 billion) for the fiscal year ended March 31, 2018. For more information, please see

    * Please see this press release:

    Fujitsu Laboratories Ltd. Digital Annealer Project E-mail: Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL:

    Copyright 2018 JCN Newswire. All rights reserved.

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    TOKYO, Sep 18, 2018 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) and Hitachi Asia Ltd. showcases a spectrum of smart innovations including IoT platform "Lumada" at the third Hitachi Social Innovation Forum 2018 BANGKOK, as part of its effort to create digital solutions for customers in Thailand.

    Themed "Illuminating 'Thailand 4.0'", the forum includes a presentation which explores how solutions from the new Lumada Center Southeast Asia can contribute towards smarter factories, logistics and healthcare across the country. The one-day event also features a panel discussion on solutions that can fuel the growth of a smart and sustainable city.

    Dovetailing business presentations led by key opinion leaders across the public and private sector, the Hitachi Social Innovation Forum (HSIF) showcases Hitachi's first Lumada Center, as well as smart solutions across the domains of manufacturing, urban development, healthcare and home appliance.

    HSIF is Hitachi's global flagship event, aimed at deepening awareness of its Social Innovation Business across the region.

    Toshiaki Higashihara, president and CEO of Hitachi, said: "Hitachi regards Thailand as an important market, and we target our manufacturing investment for the ASEAN region including the Thai market. With the official launch of Lumada Center Southeast Asia in the Eastern Economic Corridor (EEC), we will accelerate the creation of digital solutions as tools to enhance productivity and innovation across the manufacturing, logistics, energy and transportation sectors."

    As Hitachi's first Lumada Center established in the world, the facility integrates successful IoT solutions from countries around the world, including Japan, China and the United States of America. The facility, located at Amata City Chonburi Industrial Estate, was officially unveiled on September 17.

    With Hitachi's IoT platform "Lumada", the center delivers advanced capabilities to turn data into intelligent actions, to advance the economic aspirations of Thailand.

    Yoshito Kodama, managing director of Hitachi Asia (Thailand) Co., Ltd. said: "We continue to support the national push for 'Thailand 4.0'. Through the roll-out of Lumada Center Southeast Asia, we aim to promote the use of IoT technologies to upskill Thailand's workforce, contribute towards the digitalisation of the manufacturing industry, and propel the country's shift upwards on the economic value chain."

    Building on developmental initiatives rolled out by the Thai government towards forging a smart, value-based economy, Hitachi will continue to work with its partners to create customised, digital solutions to benefit the local community.

    About Hitachi Asia Ltd.

    Hitachi Asia Ltd., a subsidiary of Hitachi, Ltd., is headquartered in Singapore. With offices across seven Asean countries - Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam - the company is focused on its Social Innovation Business to answer society's challenges. Hitachi Asia and its subsidiary companies offer a broad range of information & telecommunication systems, power systems, social infrastructure & industrial systems, electronic systems and equipment, construction machinery, high functional materials and components, automotive systems, home appliances and others. For more information on Hitachi Asia, please visit the company's website at

    About Hitachi, Ltd.

    Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at

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

    Copyright 2018 JCN Newswire. All rights reserved.

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    Marriage of Strengths to Drive IDC Business Development

    HONG KONG, Sep 18, 2018 - (ACN Newswire) - Neo Telemedia Limited ("Neo Telemedia" or the "Group"; stock code: 8167), which focuses on internet and big data operations, has been active in forging partnerships in recent years, the latest being the strategic cooperation with 360 Enterprise Security Group ("360 Enterprise Security"). With a strategic cooperation agreement signed in May, the two companies have pushed forward at full steam the development of Internet Data Center ("IDC") and Internet-of-Things ("IoT") businesses, conducive to consolidating the Group's industry leadership.

    The two strategic parties are determined to enhance their competitiveness in Big Data and cloud computing. 360 Enterprise Security is one of the world's largest internet security companies, boasting massive data storage capability, and data computing and development. The Group and 360 Enterprise Security have kicked off cooperation with local governments in Dongguan, Fujian, Guangzhou, Wuhan and Chongqing, and will expand the business scope and construct Big Data centers with the abundant valuable resources in the future. The Group is able to adopt 360's technologies and transform them into its own solutions and ultimately deliver business results.

    With demand of Internet companies for IDC operation services growing rapidly and the deployment cycle shortening, demand for third party IDC operation service has also been on constant climb. That plus Internet companies turning more and more to AI computing to enhance user experience have presented opportunities to the IDC operation service market. Service providers are required to have strong operational capabilities and also a shrewd grasp of government policy direction while maintaining good relationship with business partners. The Group, through a subsidiary, manages and operates IDC with approximately 8,000 server cabinets in China and overseas. In particular, there are 5,000, 1,200, 800 and 1,000 cabinets respectively in Guangzhou, Shanghai, the Beijing-Tianjin-Hebei metropolitan region and Shenzhen. Such comprehensive strategic deployment of IDC has helped foster development of the Group's IDC business.

    Moreover, the Group boasts extensive experience and outstanding operational capabilities, and support from its core management team with member shaving at least 14 years of industry experience on average. Since the beginning of the year with Dr. Gong Zhengjun, who is an expert in Big Data and IoT areas, joining the Group as Chief Scientist. Thus, the Group's ability to expand its business has strengthened notably. The Group is able to provide customized telecommunication solutions. The Group has also planned for its IoT industry cloud platform and telecommunication module to start commercial operation this year and is confident of seizing the opportunities in the industry.

    The Group has also kept enhancing the core competitiveness of its products and exploring opportunities to cooperate with more up and downstream ancillary service providers. To date, the Group owns a total of 51 software copyrights and four technology patents. Those advantages have enabled the Group to stand out among its competitors in the market.

    Looking ahead, the Group will continue to apply its strengths, seize opportunities, identify promising investment and cooperative endeavors, and quickly respond to needs of the developing industry and market so as to boost business growth. Leveraging the strong support from the government to the industry and at the concerted effort of its management and staff, the Group will be able to create new profit growth drivers and bring more fruitful returns to shareholders.

    About Neo Telemedia Limited (stock code: 8167)
    Neo Telemedia Limited and its subsidiaries (collectively, the "Group") is engaged in the investment and operation of Internet data centers (IDCs) and provision of Big Data and cloud computing services. Its wholly-owned subsidiary Guangdong Bluesea Mobile Development Company Limited and a large-scale telecommunications operator have together established a large cloud computing center in Southern China. And, Shenzhou Aerospace Manufacturing Technology (Guangdong) Institute, which was jointly established by the Group, Shenzhou Aerospace Software Limited and Chancheng District People's Government of Foshan, was registered as a privately operated non-profit organization on 23 October 2015 with the Department of Civil Affairs of Guangdong Province. Since the end of 2015, the Group has invested in IDC projects (including the Bluesea Intelligence Valley in Heshan, Jiangmen) via Guangdong Bluesea.

    For press enquiries
    Strategic Financial Relations Limited
    Esther Chan Tel: 852-2864 4825 Email:
    Cecilia Shum Tel: 852-2864 4890 Email:

    Copyright 2018 ACN Newswire. All rights reserved.

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    TOKYO, Sep 18, 2018 - (JCN Newswire) - Ansaldo STS (STS.MI), a leader of FLOW consortium(1), has received a letter of award from ArRiyadh Development Authority (ADA) related to the operation and maintenance services contract of Lines 3, 4, 5 and 6 of Riyadh Metro. The contract covers a period of 12 years including the mobilization period, and has a total value to the FLOW Consortium of SAR10.9 billion, equal to $2.9 billion. Ansaldo STS' share is equal to about $1 billion.

    Ansaldo STS leads the FLOW consortium, which has been appointed as operator of 4 lines (out of 6) of the Riyadh Metro network which is currently under construction in the capital of the Kingdom of Saudi Arabia.

    Ansaldo STS has been present in Saudi Arabia for more than 15 years and as part of the ANM consortium(2), is supplying the metro system for line 3 (Orange Line) which is the longest line of Riyadh Metro's network. Ansaldo STS started implementing its global range of capabilities in design, build and operation and maintenance services of driverless metros with Copenhagen Metro more than 20 years ago.

    "We are very proud that our client ADA, for whom we are currently delivering as leader of a technological JV a fully integrated Metro System for line 3, is renewing its trust in Ansaldo STS' capabilities and expertise with this additional iconic contract for the Operation and Maintenance Services for four lines. I am very happy as this contract award is in perfect alignment with the Business Strategy overview to focus on the Operations and Maintenance business. It has a huge relevance for our company because it consolidates our O&M capability and our status of "Full Service Provider" in the rail industry. This award also shows Ansaldo STS's long term partnership approach with its customers and its commitment in supporting the Kingdom of Saudi Arabia's development. We are pleased to be the Leader and working closely with our FLOW consortium's partners," says Andy Barr, chief executive officer and general manager.

    FLOW will provide a comprehensive range of O&M services for lines 3, 4, 5 and 6 of total length of 113 Km and 50 stations including 2 main stations and 5 interchange stations, 3 depots, 3 OCCs. The services also include Metro Operation, Security, Passenger Assistance, Facility Management, Maintenance of Buildings (stations, Park & Rides, depots etc..) and the complete transit system, including Trains, Signalling, Telecommunication, Power Supply, Passenger Information, among others.The O&M contract has been devised based on worldwide best practices, and against global KPIs in urban metro operation and maintenance, namely in the areas of Passenger Services, Facilities Management, Transit System, Health and Safety and security, as well as Local Content.

    The contract, as set by ADA, carries a minimum Saudization target of 45%, as well as a minimum level of 55% for Local Content in the areas of supplies and services related to the Riyadh Metro operation, in addition to on-the-ground logistic support.

    In addition, FLOW will introduce to the job market several types of positions for Saudis, both males and females, in various Engineering specialties (such as Civil, Mechanical, Electrical and Telecommunication), along with a wide range of vocational positions: Special technicians, Customer Service jobs in Ticket Sales, Safety & Security, as well as other Administration positions.

    (1) Consortium of Ansaldo STS S.p.A., Italy, Ferrovie Dello Stato Italiane S.p.A., Italy, Alstom Transport S.A., France.
    (2) One of the three consortia selected to build the network.

    About Hitachi, Ltd.

    Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at

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

    Copyright 2018 JCN Newswire. All rights reserved.

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    for Skin, Sun and Color Cosmetic Oil Systems with Enchanting Textures

    CLEVELAND, Ohio, Sep 18, 2018 - (ACN Newswire) - The Lubrizol Corporation announces the launch of its newest multifunctional, oil-soluble rheology modifier, OILKEMIA(TM) 5S polymer. Celebrated for its ability to create diverse forms and maximize visuals in oil systems, OILKEMIA 5S polymer offers the 5s benefits:

    - Superior thickening efficiency in a variety of anhydrous or emulsion systems
    - Superb clarity with broad oil compatibility
    - Suspension of particles or water droplets in medium to high polarity oils
    - Stabilization of mild, emulsifier-free emulsions
    - Sensory enhancement with a pleasant, non-tacky feel

    OILKEMIA 5S polymer is dispensed as clear solid granules and produces thickening through an associative mechanism. When dispersed in oil, polymer-polymer interactions and polymer-oil hydrogen bonding result in gelation. Designed to enhance the alchemy between cosmetic ingredients and active oil components, OILKEMIA 5S polymer delivers consistent results across a range of oils.

    Today's consumers want cosmetics with unique visuals and a soft, elegant feel, using Lubrizol's OILKEMIA 5S polymer, formulators can create that desired aesthetic experience.

    In addition to its ability to produce sought-after visuals and textures, OILKEMIA 5S polymer is highly compatible with organic UV filters, inorganic pigments, metal oxide pigments, and micas, enabling the formulation of effective sun protection products as well as innovative color cosmetics.

    Learn more about OILKEMIA 5S polymer at

    About Personal Care and Skin Essentials

    Lubrizol Personal Care and Skin Essentials develops, manufactures and markets a broad range of specialty chemicals for skin care, hair care, and bath and shower. Our innovative ingredients and additives modify physical properties, enhance functional performance and deliver aesthetic benefits to drive key consumer product claims. Furthermore, with Lipotec(TM)Active Ingredients, peptide-based active cosmetic ingredients, Active Organics(R) botanical ingredients and marine biotechnology, we have strategically expanded our product portfolio and continue to build upon our current capabilities, formulations expertise and global manufacturing footprint to take innovation to the next level. We partner closely with our customers to create winning brands - through our commitment to market intimacy, knowledgeable people, technical expertise and essential, market-driving solutions. Our primary focus is on the needs and demands of our customers and consumers on a global basis. We are persistently committed to accessible innovation that directly addresses the market trends and to providing you with powerful, proven solutions so you can Formulate With Confidence(TM). Lubrizol Personal Care and Skin Essentials is a business within The Lubrizol Corporation, a Berkshire Hathaway company.

    About The Lubrizol Corporation

    The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It is a leader at combining market insights with chemistry and application capabilities to deliver valuable solutions to customers in the global transportation, industrial and consumer markets. Lubrizol improves lives by acting as an essential partner in our customers' success, delivering efficiency, reliability or wellness to their end users. Technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care, personal care and skin care products and specialty materials encompassing polymer and coatings technologies, along with polymer-based pharmaceutical and medical device solutions.

    With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,700 employees worldwide. Revenues for 2017 were $6.3 billion. For more information, visit

    Media Contact:
    Amanda Rehker
    Tel: +1 216 447-5158


    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: Lubrizol via Globenewswire

    Copyright 2018 ACN Newswire. All rights reserved.

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    BOSTON, Sep 18, 2018 - (ACN Newswire) - Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses resulting from Hurricane Florence's winds and storm surge will range from USD 1.7 billion to USD 4.6 billion. Note that these estimates do not include the impact of the ongoing flooding from Hurricane Florence's unprecedented precipitation. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.

    "Hurricane Florence, once a Category 4 storm, made landfall near Wrightsville Beach, North Carolina, at about 7:15 a.m. on Friday, as a Category 1 storm with 90 mph winds," said Dr. Peter Sousounis, vice president and director or meteorology, AIR Worldwide. "As Florence approached the East Coast, it grew in size and exhibited multiple wind maxima, which are found in storms with abnormally low central pressure for a given maximum wind speed. As a consequence, strong winds extended well north of the landfall location up to the Outer Banks and into Pamlico Sound, which caused a high storm surge in this area."

    Florence's slow movement - it progressed at between 3 and 6 mph on Friday - has ensured that its principal impact will be from the excessive precipitation being deposited over an extremely wide area. A USGS gauge in Emerald Isle, North Carolina, recorded 6.1 feet above normal water levels and a 10-foot surge was reported in New Bern, North Carolina.

    According to preliminary reports from the National Weather Service, 35.93 inches fell in Elizabethtown, North Carolina, breaking the record set by Hurricane Floyd in 1999, and more than 30 inches of rain fell on Swansboro, North Carolina. Many other locations received more than 20 inches. Several bodies of water have risen above record levels and some of the gauges used to record river levels have been submerged, with at least two being reported as having stopped working.

    Reported wind damage in the affected area is consistent with that of a Category 1 hurricane, including downed trees causing damage to homes and automobiles; downed utility poles; and shingle loss with isolated cases of more extensive roof damage.

    The heavy rainfall deposited by Florence has caused widespread riverine and flash flooding in many parts of North Carolina and South Carolina. Some dams and levees in the region are reportedly showing signs of distress; a dam in Hoke County, North Carolina, west of Fayetteville, has failed and the Lake Corriher levee experienced a partial breach.

    Flooding may worsen in many locations across South Carolina, North Carolina, and Virginia as precipitation continues to fall on saturated ground and runoff drains slowly toward the coast.

    AIR's modeled insured loss estimates include:

    - Insured physical damage to property (residential, commercial, industrial, auto), both structures and their contents
    - Additional living expenses (ALE) for residential claims
    - For residential lines, 5% of modeled storm surge damage as wind losses
    - For commercial lines, insured physical damage to structures and contents, and business interruption directly caused by storm surge (other flood losses are not modeled or reflected in estimates; business interruption losses include direct and indirect losses for insured risks that experience physical damage)
    - For the automobile line, estimates reflect AIR's view that insurers will pay 100% of the storm surge damage
    - 2018 indexed take-up rates

    AIR's modeled insured loss estimates do not include:

    - Precipitation-induced flooding
    - Losses paid out by the National Flood Insurance Program
    - Losses resulting from the compromise of existing defenses (e.g., natural and man-made levees)
    - Losses to uninsured properties
    - Losses to infrastructure
    - Losses to inland marine, marine cargo and hull, and pleasure boats
    - Losses from extra-contractual obligations
    - Losses from hazardous waste cleanup, vandalism, or civil commotion, whether directly or indirectly caused by the event
    - Other non-modeled losses, including those resulting from tornadoes spawned by the storm
    - Losses for U.S. offshore assets and non-U.S. property

    About AIR Worldwide

    AIR Worldwide (AIR) provides risk modeling solutions that make individuals, businesses, and society more resilient to extreme events. In 1987, AIR Worldwide founded the catastrophe modeling industry and today models the risk from natural catastrophes, terrorism, pandemics, casualty catastrophes, and cyber incidents. Insurance, reinsurance, financial, corporate, and government clients rely on AIR's advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, longevity modeling, site-specific engineering analyses, and agricultural risk management. AIR Worldwide, a Verisk (Nasdaq:VRSK) business, is headquartered in Boston, with additional offices in North America, Europe, and Asia. For more information, please visit

    For more information, contact:
    Kevin Long
    AIR Worldwide


    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: AIR Worldwide via Globenewswire

    Copyright 2018 ACN Newswire. All rights reserved.

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