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ACN Newswire press release news - Recent Press Releases

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    Figure 1: Relationship between the flows of things and services in datacenter business activities
    TOKYO, Nov 5, 2018 - (JCN Newswire) - Fujitsu Limited and Fujitsu Laboratories Ltd. have received the Award for Best Business Practices at EcoBalance 2018 (the 13th Biennial International Conference on EcoBalance), for initiatives relating to evaluating the environmental impact of energy and resource use, with an aim toward the fulfillment of the United Nation's sustainable development goals (SDGs). These initiatives were conducted as part of a feasibility study with the goal of reducing data center emissions to zero. The Fujitsu Group continually takes measures to reduce its burden on the environment, seeing this as a social responsibility a company must fulfill in contributing to the creation of a sustainable society. In order to create an affluent and sustainable society, the Fujitsu Group will continue to promote resource recycling measures as part of a society with a circular economy(1).

    About the Best Business Practice Award

    The Biennial International Conference on EcoBalance is an international conference held two years, where experts from government institutions, industry, and research institutions around the world give presentations on research aimed at reducing environmental burden across the whole lifecycle of products and services. This time, the conference featured about 300 presentations (including poster presentations). These were chosen from numerous applications and based on the theme of "Nexus of Ideas: Innovation by linking through life cycle thinking."

    This is the second time the conference has bestowed the Award for Best Business Practices, the first being at the previous conference in 2016. The recipient is selected from among industry presentations by a selection committee consisting of international experts and the chairman of each session, based of the following evaluation criteria.

    - Scientific value and significance
    - Uniqueness in practical context
    - Achievements in sustainability
    - Transferability of results to other cases

    Why Fujitsu was Selected

    The basis for this award was a multifaceted feasibility study conducted to evaluate environmental impact in 11 areas (global warming, abiotic depletion (resource-elements), abiotic depletion (resource-fossil fuels), acidification, eutrophication, human toxicity, fresh water aquatic ecotoxicity, marine aquatic ecotoxicity, terrestrial ecotoxicity, ozone layer depletion, and photo-oxidant formation) pertaining to Fujitsu's overall datacenter business activities, one of its ICT business activities, with the goal of improving the effective utilization of energy and resources. The study captured trends in environmental impact, identifying priority issues in business activities both up and down the supply chain. In addition, through communication involving a wide range of relevant parties, the study quantified resource utilization using total material requirements (TMR)(2), effectively predicting latent possibilities for the reuse of materials. The selection committee deemed the initiative worthy of recommendation to other industries following a comprehensive analysis of its scientific value, originality, its achievements, and the significance of its contributions to sustainability.

    http://www.acnnewswire.com/topimg/Low_FujitsuReceivesEcoBalance2018.jpg
    Figure 1: Relationship between the flows of things and services in datacenter business activities

    Future Resource Utilization Initiatives

    The Fujitsu Group will seek to raise the accuracy of this research and contribute to reducing the impact of global warming that stems from datacenter business activities and the expansion of other services, while promoting efficient utilization of resources and redefining resource recycling in a circular economy.

    (1) Circular economy Moving away from a linear economy (a one-way economy with large-scale production and consumption) to an economic system in which resources are recycled to generate the maximum added value through more efficient use.
    (2) Total material requirements When extracting resources, it is a measure of the total weight of the materials extracted, including the hidden flows generated through the incidental digging up of large volumes of ore and gravel.

    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 www.fujitsu.com.
    This release at www.fujitsu.com/global/about/resources/news/press-releases/.

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

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

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    Political and Business Leaders Join Salute of 50 Years' Harvests;
    Announces First "Chun Wo Innovation Student Awards" Winners to Motivate Innovation among Young People

    HONG KONG, Nov 5, 2018 - (ACN Newswire) - Asia Allied Infrastructure Holdings Limited ("AAI" or "Group", stock code: 00711) and its wholly-owned subsidiary Chun Wo Development Holdings Limited ("Chun Wo") hosted a 50th Anniversary Celebration Cocktail at sky100 last Friday to commemorate their fruitful results and accomplishments in developing business over the years. Guests joining the grand celebration included industry leaders and political and business luminaries from Hong Kong, Macau and Mainland China.

    Mr. Chan Mo Po, Paul, GBM, GBS, MH, JP, Financial Secretary of HKSAR Government, and representing AAI, Chairman Mr. Dominic Pang, CEO and COO Ir Dr. Derrick Pang, JP, and senior management together officiated the toasting ceremony at the Cocktail.

    Mr. Chan Mo Po, Paul, GBM, GBS, MH, JP, Financial Secretary of HKSAR Government, said, "Congratulations on the 50th anniversary of Asia Allied Infrastructure and Chun Wo. Over the past 50 years, the Group has been playing an important role in the development of the infrastructure in Hong Kong. Thanks to the Group for its continuous commitment to building Hong Kong and bringing numerous landmark buildings. I wish the group an endeavors future and continue to walk with Hong Kong."

    Mr. Dominic Pang, Chairman of AAI, said, "In the five decades since it was founded, AAI has developed from a local construction company into an enterprise with a diverse business portfolio and a business footprint spanning across Asia. As we celebrate making the 50th-anniversary milestone, we want to thank the community, our business partners, shareholders and you our friends here today for giving us support and trust, and our staff for their unwavering exertion all these years. In the future, the Group will continue to expand market coverage and push to gain yet more extensive business experience, so that it may seize new opportunities in the Greater Bay Area, develop into a leading multinational company and make more milestone achievements."

    An important complement to its 50th anniversary, the Group also announced the winners of the "Chun Wo Innovation Student Awards" (the "Awards"). Team Twind Turbine from the City University of Hong Kong snatched the Gold Award and Merit honor in "The Best Engineering Solution Award" and "The Most Innovative Award". Team MedEasy from the Hong Kong University of Science and Technology ("HKUST") won the Silver Award and "Merit - The Best Social Impact Award", and the Bronze Award went to Piezoelectric Smart Road, also from HKUST.

    The Awards aims to encourage young people to come up with innovative engineering solutions that can help developing countries tackle sustainable development issues. Mr. Chan Mo Po, Paul, GBM, GBS, MH, JP, Financial Secretary of HKSAR Government, who presented the awards to the winners, encouraged students to make use of innovative thinking and creativity to come up with innovative engineering solutions to make the world a better place. Winner of the Gold Award received a cash prize of HK$100,000. That plus the cash prizes for winners of the Silver and Bronze and Merit honors totaled up to HK$200,000. Chun Wo will also provide the Gold Award winning team resources and technical assistance for a year to help it turn its idea into reality.

    Ir Dr. Derrick Pang, JP, Chief Executive Officer and Chief Operating Officer of AAI, said, "The Group has advanced shoulder-to-shoulder with Hong Kong in the past five decades. We are very proud to have participated in infrastructure projects and seen Hong Kong transforming from an industrial city in the 1970s into an international metropolis today. The Group, while developing business, is also devoted to fulfilling its corporate social responsibility, as it firmly believes nurturing more talent is vital for the long-term development of a society. Hence, we hope to through the 'Chun Wo Student Innovation Awards' spur innovative ideas in young minds that they may come up with solutions that can bring cities closer together and help promote sustainable urban development."

    Photo1: https://www.acnnewswire.com/topimg/Low_AAI20181105-1.jpg
    Officiating guests of the toasting ceremony at the 50th anniversary celebration banquet of AAI and Chun Wo (from left to right): Executive Director of Asia Allied Infrastructure Madam Han Li; Deputy Chairman of Asia Allied Infrastructure Mr. Jerry Xu; Chairman of Asia Allied Infrastructure Mr. Dominic Pang; Financial Secretary of HKSAR Government Mr. Chan Mo Po, Paul, GBM, GBS, MH, JP; Executive Director of Asia Allied Infrastructure Madam Li Wai Hang, Christina; Chief Executive Officer and Chief Operating Officer of Asia Allied Infrastructure Ir Dr. Derrick Pang, JP; Chief Financial Officer of Asia Allied Infrastructure Mr. Martin Shea

    Photo2: https://www.acnnewswire.com/topimg/Low_AAI20181105-2.jpg
    Mr. Chan Mo Po, Paul, GBM, GBS, MH, JP, Financial Secretary of HKSAR Government, presents awards to winners of the first Chun Wo Student Innovation Awards, including team Twind Turbine from the City University of Hong Kong, which won the Gold Award and "Merit - The Best Engineering Solution Award" and "Merit - The Most Innovative Award"; Team MedEasy from the Hong Kong University of Science and Technology won the Silver Award and "Merit - The Best Social Impact Award", and the Bronze Award went to Piezoelectric Smart Road, also from HKUST.

    Asia Allied Infrastructure Holdings Limited (stock code: 00711.HK)
    Asia Allied Infrastructure Holdings Limited ("Asia Allied Infrastructure") is listed on the Main Board of the Hong Kong Stock Exchange under stock code 00711. It is engaged in various businesses including construction engineering and management, property development and assets leasing, security services and property management. With Hong Kong as its business development base, Asia Allied Infrastructure is also exploring development opportunities with Asia as the main focus, as well as in overseas markets. Its subsidiary "Chun Wo" is a renowned construction contractor and property developer in Hong Kong, which enables Asia Allied Infrastructure to capitalise on that company's solid construction experience and professional capabilities to seize the opportunities for infrastructure development in countries along the area of the "Greater Bay Area", and, ultimately, to increase overall profitability and create higher investment value.

    Chun Wo Development Holdings Limited
    Chun Wo Development Holdings Limited ("Chun Wo") was founded in 1968 and is a key subsidiary of Asia Allied Infrastructure Holdings Limited (stock code: 00711.HK). The Company is principally engaged in the core construction and property development businesses with the professional capability to undertake large integrated construction projects. Recent examples of large infrastructure projects in Hong Kong within which the Company has undertaken works include the Central-Wan Chai Bypass, Liantang/Heung Yuen Wai Boundary Infrastructure, the Hong Kong-Zhuhai-Macao Bridge Passenger Clearance Building, the Guangzhou-Shenzhen-Hong Kong Express Rail Link (Hong Kong Section) and the MTR Shatin to Central Link. With deep roots in Hong Kong for nearly 50 years, Chun Wo has accumulated extensive experience and a strong position in the construction sector enabling it to expand business to countries along the Southeast Asia. Examples of such expansion are the acquisition of a construction and engineering consultancy in Singapore and the aqueduct design and construction projects undertaken in the Philippines during recent years.

    Chun Wo Innovation Student Awards
    "Chun Wo Innovation Student Awards" aims to encourage students to come up with innovative engineering solutions to help developing countries tackle sustainable development issues. The Awards is in its first year commemorative of the 50th anniversary of Chun Wo. Teams are required to address a sustainable development issue in a developing country according to the 17 sustainable development goals that United Nations has entered into force on 1 January 2016. The Awards has attracted near 30 teams to participate. There will be three winners - Gold, Silver and Bronze - and three merit awards to acknowledge outstanding ideas, and the Gold Award winner will receive a cash prize of HK$100,000. The cash prizes of the Gold, Silver, Bronze and three merit awards totaled up to HK$200,000. Chun Wo will provide one-year resources and technical assistance to the winning team of Gold Award to execute their ideas. For details, please visit: www.cwisa.com

    For press enquiries:
    Strategic Financial Relations Limited
    Mandy Go (852) 2864 4812/ (852) 9095 3772 mandy.go@sprg.com.hk
    Carven Tsui (852) 2864 4859/ (852) 6656 1911 carvensm.tsui@sprg.com.hk
    Wilson Ngan (852) 2114 4318/ (852) 6768 9297 wilson.ngan@sprg.com.hk



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

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    - Outgrowth of 14th Uzbek-Japanese Economic Cooperation Forum in Tokyo
    - Collaboration will further expand and strengthen O&M agreement concluded in 2015

    YOKOHAMA, Japan, Nov 5, 2018 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has signed a memorandum of understanding (MOU) with State Joint Stock Company Uzbekenergo of Uzbekistan and Mitsubishi Corporation under which the three firms will collaborate in a comprehensive service and maintenance program (CSMP) for power plants owned by Uzbekenergo. The agreement was reached as an outgrowth of the latest round of ongoing joint economic talks between Uzbekistan and Japan, held in Tokyo, aimed at promoting bilateral trade and economic development. The new development will further strengthen the steadily expanding cooperation between MHPS and Uzbekenergo based on the O&M agreement they concluded in 2015.

    A signing ceremony for the MOU was held at the 14th Uzbek-Japanese Economic Cooperation Forum. The signatories were MHPS President and CEO Kenji Ando; Djamshid Abdusalamov, Deputy Chairman of the Board at Uzbekenergo; and Shimon Tokuyama, General Manager of the Global Environmental & Infrastructure Business Group at Mitsubishi Corporation, in charge of EPC (engineering, procurement and construction) operations. Also in attendance at the ceremony were the co-chairpersons of the Uzbek-Japanese Committee for Economic Cooperation: Sukhrob Kholmuradov, Deputy Prime Minister and Chairman of the State Committee for Investments of Republic of Uzbekistan and Mikio Sasaki, Special Advisor of Mitsubishi Corporation.

    The CSMP incorporated into the newly concluded MOU, which aims to enhance O&M technologies, will initially apply to two power plants where MHPS previously supplied equipment (Navoi and Talimarjan) and two plants now under construction (Navoi2 and Turakurgan). Specifically, MHPS will provide long-term parts supply for the gas turbines in use at the power plants concerned, and will also provide advanced O&M technology to Uzbekenergo through IoT-based O&M training of the power provider's engineers. Discussions will also go forward concerning the establishment of a service center where the engineers developed under this training program will pursue improved gas turbine O&M technologies.

    Uzbekenergo is a state-operated power provider established in 2001 that today meets close to 100 percent of Uzbekistan's power needs relying on three core fuel sources: coal, petroleum and natural gas. The company has 53 subsidiaries and organizations under its corporate umbrella and has a total power generating capacity of 12,100 megawatts (MW). MHPS-supplied equipment accounts for 20% of this capacity.

    The Uzbek-Japanese Economic Cooperation Forum is a series of conferences launched in 1994 under operation by a joint economic committee. Each session brings together numerous government officials from both countries to discuss issues such as bilateral trade and investment.
    Going forward, MHPS looks to maintain and further develop its close relationship with Uzbekenergo as its way of contributing to stable and efficient power provision in Uzbekistan.

    About Mitsubishi Hitachi Power Systems, Ltd.

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

    Contact:
    Corporate Communication Department Mitsubishi Heavy Industries, Ltd. Email: mediacontact_global@mhi.co.jp Tel: +81-(0)3-6716-2168 Fax: +81-(0)3-6716-5860

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

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    HONG KONG, Nov 5, 2018 - (ACN Newswire) - The Asia Video Industry Association (AVIA), today announced the election of new Directors to its Board.

    Following its AGM on 1 November, first-time Directors elected were Greg Armshaw (Brightcove), Ernest Cu (Globe), Birathon Kasemsri Na Ayudhaya (True Corporation), Dr Roger Tong (AsiaSat) and Tony Zameczkowski (Netflix).

    Re-elected were Joe Welch (21st Century Fox - and current AVIA Chairman), Rohit D'Silva (FOX Networks Group Asia) and Alexandre Muller (TV5MONDE).

    They join existing Directors Desmond Chan (TVB), Belinda Lui (WarnerMedia), Amit Malhotra (The Walt Disney Company (Southeast Asia)) and Ricky Ow (Turner International) to form the 2018-2019 AVIA Board of Directors.

    "We are very fortunate to have such an excellent group of video industry executives willing to serve on the Association's Board", said AVIA CEO, Louis Boswell. "We are deeply appreciative of the long and committed service of our out-going Directors, and thank them tremendously. At the same time, we offer a heartfelt welcome to our new Directors, and look forward to working together with them to lead the Association for the benefit of our members and the video industry at large."

    About the Asia Video Industry Association
    The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry. AVIA evolved from Casbaa in 2018. Visit asiavia.org.

    Media Contacts:
    Kay Bayliss
    Manager, Marketing & Communications
    E: pr@asiavia.org
    T: +852 2854 9913


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

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    Changing business models and the scourge of piracy dominated discussions

    HONG KONG, Nov 5, 2018 - (ACN Newswire) - After two years in Macau, the main conference for the industry association returned to Hong Kong and witnessed a surge, both in the number of attendees as well as the level of debate and engagement amongst key industry executives.

    The Summit was opened by Dr Bernard Chan, Acting Secretary for Commerce and Economic Development of the HKSAR Government who stated that "the (Association's) rebrand truly reflects the changing broadcasting landscape worldwide. AVIA's new mission and scope of membership to encompass the broader video industry is surely a move in the right direction to fully align itself with the technological innovations and increasing pervasiveness of Internet media".

    Attended by over 500 participants from over 145 countries, and with over 90 speakers, the Summit included a Policy Roundtable with regulators and government officials from around the region who engaged in conversations about piracy, online falsehoods and light-touch OTT regulations; the Patron's Dinner which brought together the leadership of AVIA's leading companies; the main two day conference, assessing the state of the video industry at the end of 2018; and the 5G Seminar, discussing the impact 5G is likely to have on the video industry.

    The Asia Video Summit was designed to explore the opportunities and the challenges, the disruption and the consolidation, the success stories and the ability to embrace change across the video industry.

    In his opening address, AVIA CEO, Louis Boswell, emphasised the central role the Association played in consulting with governments and regulators on behalf of the industry, fighting video piracy - the single biggest problem the industry faces today - and providing insight through conferences, reports and committees. Throughout the Summit, the themes of recalibration, collaboration and how to adapt to changing business models ran through many of the presentations and panel discussions.

    Sompan Charumilinda, Executive Vice Chairman of True Visions Group was recognised for his services to the video industry by way of the inaugural Distinguished Achievement Award. Khun Sompan has been a pioneer and top executive in Thailand's pay TV industry since its inception. He served AVIA's predecessor, CASBAA, on the Board of Directors from 2006 to 2017, and as Chairman of the Board in 2016, actively promoting CASBAA's members' interests both in Thailand and across the region throughout his tenure.

    AVIA would like to thank the Asia Video Summit 2018's Lead Sponsor, Create Hong Kong, along with our other Sponsors, 21st Century Fox, A+E Networks Asia, Accedo, APT Satellite, AsiaSat, ASTRO, Australia Channel, BBC Studios, Brightcove, Cisco, ContentWise, dataxu, Discovery Networks Asia Pacific, FOX Networks Group Asia, France 24, Friend MTS, Google, HBO Asia, InvestHK, INVIDI Technologies, Leyard, MarkMonitor, MEASAT UHD, NAGRA, NBCUniversal, Netflix, Qvest Media, SES, SPI International, SpotX, STAR India, Tencent, True Visions, Turner, TV5MONDE, Viaccess-Orca, Viacom International Media Networks, Vindicia, Viu, WarnerMedia and WebTVAsia.

    About the Asia Video Industry Association
    The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry. AVIA evolved from Casbaa in 2018. Visit asiavia.org.

    Media Contacts:
    Kay Bayliss
    Manager, Marketing & Communications
    E: pr@asiavia.org
    T: +852 2854 9913


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

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    Providing Free Crypto Trading Services for Millennials

    HONG KONG, Nov 5, 2018 - (ACN Newswire) - Coinsuper, the leading global cryptocurrency exchange today announced a strategic partnership with Weever FinTech, the crypto trading arm of CASH Financial Services Group (CFSG, SEHK: 510).

    Ms. Karen Chen, Co-founder & CEO of Coinsuper, said: "We heartily congratulate Weever on their new platform rollout and are confident this strategic partnership will be mutual beneficial. This modern example of merging the crypto and traditional finance worlds represents a key milestone on our corporate mission."

    CFSG Executive Director and CEO Mr. Benson Chan said: "We are delighted at Coinsuper joining our groundbreaking platform as a strategic partner developing the region's first commission-free crypto trading services for millennial investors.

    "Their experience in both financial markets and the crypto landscape is instrumental to our development into the pioneer of cryptocurrency trading in the region."

    Led by financial industry veterans and digital asset crusaders, Coinsuper specialises in assisting financial institutions, professional investors and alliance partners to enter the crypto market to highest regulatory requirements and compliance.

    Weever targets launching the first commission-free cryptocurrency trading platform in Hong Kong, providing mobile-driven, social-sharing and tech-savvy 'millennial' crypto investors more efficient access to cryptocurrency markets via smartphone.

    About 300,000 potential users are on the platform's waiting list to trade in the most liquid and active cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

    "Welcoming Coinsuper aboard, Weever is committed to providing Best execution to crypto-investors, developing a proprietary platform offering timely and easy Access to multiple exchanges and OTC trading desks," added Mr. Chan.

    Establishing and maintaining a Trusted trading environment compliant with international standards and security requirements assures a robust platform that meets the needs of high-volume trading, while investors on a budget can also invest in cryptocurrency 'Splits' as low as a thousandth of a coin, he said.

    "We are confident that these BATS benefits will open a new horizon for our investors to grasp the transient opportunities in the crypto investment world," added Mr. Chan.

    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 Financial, Sky9, Guosheng International, Chunda and Juntong, among others. www.coinsuper.com

    About Weever
    Weever FinTech Ltd is a subsidiary of CASH Financial Services Group ("CFSG", SEHK: 510). Weever aims at providing commission-free cryptocurrency trading services with a more efficient access to the cryptocurrency markets, serving the most mobile-driven, social-sharing and tech-savvy users of the millennium. For more information, please visit www.weever.com.hk.

    For media enquiries, please contact:
    For Coinsuper
    Ms. Yolanda Zhong
    Tel: +852 3796 3802
    e-mail: Yolanda.zhong@coinsuper.com

    For CFSG / Weever:
    Ms. Magdalene Tsang
    Tel: +852 2287 8088
    e-mail: magdalene.tsang@cash.com.hk

    Ms. Ivy Leung
    Tel: +852 2287 8317
    e-mail: ivy.leung@cash.com.hk

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

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    BOSTON, Nov 5, 2018 - (ACN Newswire) - Catastrophe modeling firm AIR Worldwide announced that Arch Worldwide Insurance Group has selected Touchstone(R) as its primary modeling solution to help manage catastrophe risk. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.

    "We're excited to align with AIR, whose world-class suite of models will provide deeper insight to our organization's catastrophic risk," said Nicolas Papadopoulo, chairman and chief executive officer, Arch Worldwide Insurance Group. "Access to the most up-to-date information is key to making the best-informed decisions, and we view AIR and Verisk as market leaders in data collection and analytics."

    Arch is leveraging Touchstone for detailed loss modeling, and AIR has built a customized suite of tools that integrate its models into Arch's infrastructure. "AIR's ability to integrate its models to our underwriting system is a testament to the company's technical expertise and outstanding client service," added Papadopoulo.

    "We're thrilled to collaborate with Arch to provide a complete modeling solution to help manage their catastrophe risk," said Bill Churney, president, AIR Worldwide. "The ability of Touchstone to seamlessly embed catastrophe modeling output directly into Arch's existing pricing and risk management system proved to be invaluable. And it was further proof that our advanced modeling platform is not only powerful but also flexible and customizable."

    Touchstone is a total risk management solution designed to perform the advanced analytics that companies need to own their risk. In June 2018, Touchstone was updated to include enhancements that enable users to perform new analytics, customize the software, and improve and simplify user workflows. These enhancements include support for zone-based analytics for detailed loss modeling, improved management of Touchstone projects and data transfer between companies, an extensive refresh of the user interface, and the ability for clients to build and use custom models.

    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 www.air-worldwide.com.

    About Arch Capital Group
    Arch Capital Group Ltd., a Bermuda-based company, provides insurance, reinsurance, and mortgage insurance worldwide through its subsidiaries.

    For more information, contact:
    Kevin Long
    AIR Worldwide
    +1-617-267-6645
    klong@air-worldwide.com

    ###

    This announcement is distributed by West Corporation on behalf of West Corporation 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. www.acnnewswire.com

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    CLEVELAND, Ohio, Nov 5, 2018 - (ACN Newswire) - The Lubrizol Corporation announces a proprietary nasal delivery formulation of diazepam for the treatment of epilepsy which was developed by contract development and manufacturing organization (CDMO), Particle Sciences, a Lubrizol LifeSciences company, has been submitted as a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) by San Diego-based Neurelis Inc.

    VALTOCO(TM), previously referred to in clinical development as 'NRL-1', is the lead product candidate of Neurelis, worked closely with Particle Sciences on the formulation of the diazepam nasal spray designed to treat acute repetitive seizures in patients over the age of six.

    Using its DOSE(R) platform that combines empirically obtained data with customized solubility software based on Hansen solubility parameters, Particle Sciences was able to achieve extremely high levels of solubilized diazepam using a benign vehicle that is compatible with nasal delivery. The resulting absolute bioavailability of the VALTOCO intranasal formulation was 96% of intravenous diazepam in a Phase 1 cross-over trial of healthy volunteers.

    The NDA for VALTOCO is a 505(b)(2) filing utilizing rectal diazepam gel, the only current FDA approved therapeutic product for home treatment of acute repetitive seizures, as the Reference Listed Drug. The NDA is supported by further extensive clinical studies in healthy volunteers and patients with epilepsy, with more than 1,600 seizures treated to date with the nasal spray.

    Dr. Robert Lee, president of Particle Sciences states, "It's rewarding to see VALTOCO reach this key milestone after Neurelis' successful clinical trials. This product will bring positive improvements to the lives of many patients with acute repetitive seizures."

    Lee adds, "Nasal delivery is often an overlooked route of administration but can offer an ideal path and increase bioavailability for several drug types, particularly those designed to treat diseases of the central nervous system. We are seeing real growth in this area and expect to see an increase in demand for nasal formulations in the future as we continue to focus on the development of complex drug products."

    Craig Chambliss, president and CEO of Neurelis comments, "Having assessed dozens of formulation approaches for solving the challenges with delivering intranasal benzodiazepines for epilepsy patients, we partnered with Particle Sciences to leverage their experience and expertise in solving for a formulation issue that has kept poorly soluble drugs from being developed for significant unmet clinical needs."

    According to the Centers for Disease Control and Prevention, there are more than 3.4 million people with epilepsy in the United States with approximately 200,000 new patients diagnosed each year. Despite the availability of chronic, daily oral medications to control epilepsy, a significant number of these patients continue to experience seizures. Of these uncontrolled patients, about 170,000 are at risk for cluster or acute repetitive seizures.

    Particle Sciences will be exhibiting at this year's American Association of Pharmaceutical Scientists (AAPS) PharmSci 360 November 4 - 7 on stand #2319.

    Particle Sciences is part of Lubrizol Advanced Materials Inc.

    About Particle Sciences
    Particle Sciences, a Lubrizol LifeSciences company, is an integrated provider of drug development services. Particle Sciences focuses on BCS II/III/IV molecules, biologics and highly potent compounds through a variety of technologies including emulsions, gels, micro and nano-particulates, drug/device combination products, solid solutions and others. Particle Sciences is FDA registered and DEA licensed. Through a full range of formulation, analytic and manufacturing services, Particle Sciences provides pharmaceutical companies with a complete and seamless development solution that minimizes the time and risk between discovery and the clinic. The company was founded in 1991 and is headquartered in Bethlehem, Pennsylvania.

    About Lubrizol LifeSciences
    Lubrizol LifeSciences is a preferred Contract Development and Manufacturing Organization (CDMO) partner for complex pharmaceuticals and high-end medical devices providing differentiated polymers and excipients, along with state-of-the-art design, development and manufacturing services to the healthcare industry.

    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 Lubrizol.com.

    Media Contact
    Ben Patti - (216) 447-5827
    Benjamin.patti@lubrizol.com
    www.Lubrizol.com/LifeSciences
    www.particlesciences.com

    ###

    This announcement is distributed by West Corporation on behalf of West Corporation 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. www.acnnewswire.com

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    KINGSPORT, Tenn., Nov 6, 2018 - (ACN Newswire) - Eastman Chemical Company (NYSE: EMN) today announced the pricing terms of its previously announced cash tender offer (the "Tender Offer") for any and all of its outstanding 5.500% notes due 2019 (the "Notes"). The terms of the Tender Offer are included in Eastman's Offer to Purchase, dated October 30, 2018 (the "Offer to Purchase"), and the related Notice of Guaranteed Delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents").

    The consideration (the "Total Consideration") payable for each $1,000 principal amount of the Notes is based on the reference yield plus the fixed spread as set forth in the table below, and is payable to holders of the Notes who validly tender (and not validly withdraw) their Notes at or prior to 5:00 p.m., New York City time, on November 5, 2018 (the "Expiration Date") and whose Notes are accepted for purchase by Eastman. The reference yield in the table below was determined at 2:00 p.m., New York City time, on November 5, 2018.

    Security (CUSIP No.): 5.500% notes due 2019 (277432AH3)
    Principal Amount Outstanding: $250,000,000
    U.S. Treasury Reference Security: 3.375% UST due 11/15/2019
    Reference Yield: 2.755%
    Fixed Spread: 30 bps
    Repurchase Yield: 3.055%
    Total Consideration (per $1,000 principal amount of Notes): $1,024.48

    In addition to the Total Consideration, holders whose Notes are accepted for purchase in the Tender Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the settlement date, which is currently expected to be November 6, 2018.

    In order to receive the Total Consideration, holders of Notes must validly tender (and not validly withdraw) their Notes at or prior to the Expiration Date, or deliver a properly completed and duly executed Notice of Guaranteed Delivery for their Notes at or prior to the Expiration Date, and tender their Notes at or prior to the Notice of Guaranteed Delivery Date (as defined in the Offer to Purchase), in accordance with the instructions set forth in the Offer to Purchase. Tenders of Notes may be withdrawn any time at or prior to the Expiration Date, by following the procedures described in the Offer to Purchase.

    Eastman's obligation to accept for purchase and to pay for the Notes validly tendered and not validly withdrawn pursuant to the Tender Offer is subject to the satisfaction or waiver of certain conditions, which are more fully described in the Offer to Purchase, including, among others, Eastman completing the offering and sale of new debt securities (the "New Notes Offering") on terms acceptable to Eastman. The Tender Offer does not constitute an offer to sell or a solicitation of an offer to buy any securities or other financial instruments that may be issued or otherwise incurred in connection with the New Notes Offering. Eastman reserves the right, subject to applicable law, in its sole discretion, to: (i) waive any and all conditions to the Tender Offer at any time and from time to time; (ii) extend or terminate the Tender Offer; or (iii) otherwise amend the Tender Offer in any respect. Eastman is not soliciting consents from holders of securities in connection with the Tender Offer.

    Eastman has retained J.P. Morgan Securities LLC to act as exclusive Dealer Manager. D.F. King & Co., Inc. is the Information and Tender Agent in connection with the Tender Offer. For additional information regarding the terms of the tender offer, please contact: J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3424 (collect). Copies of the Offer Documents are available via the Tender Offer website at www.dfking.com/EMN and requests for documents and questions regarding the tendering of Notes may be directed to D.F. King & Co., Inc. by telephone at (212) 269-5550 (for banks and brokers only) or (800) 967-5074 (for all others toll-free) or by email at eastmanchemical@dfking.com or to the Dealer Manager at its telephone numbers.

    This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell with respect to any Notes nor is this announcement an offer to sell or a solicitation of an offer to purchase new debt securities. The Tender Offer is being made solely pursuant to the Offer Documents, which set forth the complete terms and conditions of the Tender Offer. The Tender Offer is not being made to, nor will Eastman accept tenders of Notes from, holders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

    None of Eastman, its board of directors, the Dealer Manager or the Information and Tender Agent makes any recommendation to any holder of Notes in connection with the Tender Offer. Holders must make their own decisions as to whether to tender their Notes and, if so, the principal amount of Notes to tender.

    About Eastman Chemical Company

    Eastman is a global advanced materials and specialty additives company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in more than 100 countries and had 2017 revenues of approximately $9.5 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 14,500 people around the world.

    Forward-Looking Statements

    This news release includes forward-looking statements concerning, among other things, the Tender Offer and the New Notes Offering, including the terms and timing of the Tender Offer and the New Notes Offering. Such expectations and assumptions are based upon certain preliminary information, internal estimates, and management assumptions, expectations, and plans, and are subject to a number of risks and uncertainties inherent in projecting future conditions, events, and results. Actual results could differ materially from expectations and assumptions expressed in the forward-looking statements if one or more of the underlying assumptions or expectations prove to be inaccurate or are unrealized. Important factors that could cause actual results to differ materially from such expectations are and will be detailed in the company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2017 and the Quarterly Report on Form 10-Q for the third quarter of 2018.

    Contacts
    Media: Tracy Kilgore Addington
    423-224-0498 / tracy@eastman.com

    Investors: Greg Riddle
    212-835-1620 / griddle@eastman.com

    ###

    This announcement is distributed by West Corporation on behalf of West Corporation clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Eastman Chemical Company via Globenewswire

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

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    New "AIHQ" will deliver AI solutions and services with world-class speed

    TOKYO, Nov 6, 2018 - (JCN Newswire) - Fujitsu today formally announced the establishment of a new company that will formulate and carry out strategy for its artificial intelligence business. Based in Vancouver, Canada, "Fujitsu Intelligence Technology" commenced operations on November 1.

    Fujitsu Intelligence Technology is working to grow Fujitsu's global AI business by bringing together the innovative AI technologies and solutions developed by the company in Japan and regions around the world, and then by providing these back to each region as global products and services. Fujitsu established the new company in Vancouver, Canada, an area that together with surrounding regions is home to numerous research institutions, such as the University of Toronto which is engaged in world-leading AI and quantum computing research. Moreover, these regions are a locus of innovative business ideas from the IT industry, demonstrated by a diverse business ecosystem that has witnessed the proliferation of many cutting-edge startup tech companies, including the quantum-computing software developer 1QB Information Technologies Inc. Fujitsu Intelligence Technology will benefit from the strong support and cooperation of the British Columbia government, and the Canadian government, which aims to transform the nation into a global AI leader. With its new Vancouver AIHQ, Fujitsu aims to become a central player in the North American, and global AI ecosystems. In tandem with this it plans to forge strong ties in its community, hiring local AI talent with knowledge of the latest, leading-edge technologies. By establishing this critical location outside Japan, Fujitsu will respond with agility to international standards and demands, gaining a keen understanding of global customer needs and driving the development of new solutions. As the new headquarters that will promote Fujitsu's AI business, Fujitsu Intelligence Technology will play a crucial role in accelerating innovative solutions and services for the Fujitsu Group as a whole.

    Fujitsu Intelligence Technology Overview

    Location: 355 Burrard Street, Vancouver, BC
    Capitalization: 6 million Canadian Dollars (Wholly owned by Fujitsu Limited)
    CEO: Naoko Yoshizawa, Fujitsu Limited, EVP Vice Head of Digital Services Business (in charge of AI Services Business)
    Start of operations: November 1, 2018
    Business: Global unification of Fujitsu's AI business. Design, development, and delivery for globally competitive solutions, platform and professional services.

    Comment from Ian Burney, Ambassador of Canada to Japan

    Canada is very proud that Fujitsu has chosen Vancouver for its Global AI Headquarters. Canada offers a world-class digital technology ecosystem, a talented and diverse workforce, and a high quality of life, which will help Fujitsu bring the benefits of AI technology to global markets. The Government of Canada very much welcomes Fujitsu's new initiative in Canada.

    Comment from the Honorable John Horgan, Premier of the Province of British Columbia, Government of British Columbia

    As Fujitsu makes its final preparations to launch the new Fujitsu Intelligence Technology office in Vancouver, I want to extend a very warm welcome on behalf of the government of British Columbia. Fujitsu is a significant global player in information and communications technology, and a greatly valued addition to British Columbia's diverse and growing technology sector. In Vancouver and across British Columbia, Fujitsu will have the opportunity to collaborate with our state-of-the-art universities and research facilities to discover new ways that artificial intelligence can help solve local and global challenges. Before long, I anticipate that we will hear of exciting advancements and new technologies emerging from Fujitsu's Vancouver facility.

    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 www.fujitsu.com.
    This release at www.fujitsu.com/global/about/resources/news/press-releases/.

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

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

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    Signing Ceremony
    - Contract Covers Eight M701F Gas Turbines -

    - High assessment of MHPS' maintenance capabilities, performance, and reliability over the first 10-year LTSA period
    - MHPS' service business contributing to economic development and reduced environmental loads

    YOKOHAMA, Japan, Nov 6, 2018 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has concluded a second Long-Term Service Agreement (LTSA) for the Ras Laffan C Independent water and Power Project (IWPP) in Ras Laffan Industrial City, The State of Qatar, covering eight MHPS' M701F gas turbines currently in operation at the gas turbine combined cycle (GTCC) power generation facility. The contract period will be for 15 years, starting from 2019.

    The power generating facilities were ordered in 2008. The plant has a total generating capacity of 2,730 MW, and is used to power a desalination plant with capacity to produce 63 million gallons (approx. 240,000 kl) of fresh water per day from seawater. MHPS has handled maintenance for the gas turbines under the LTSA since the plant began operations in 2010, and concluded a second LTSA as the first came up for renewal.

    This second LTSA contract was concluded with RAS GIRTAS Power Company (RGPC), based on the high assessment of MHPS' maintenance capabilities in fulfilling the first LTSA. MHPS will continue providing such services as parts and repairs for routine inspections, and remote monitoring of the operating status.

    Qatar is actively developing the nation's social and industrial infrastructure utilizing its abundant natural gas resources. The Ras Laffan power and desalination project is a characteristic large-scale infrastructure project in the Middle East region.

    MHPS, through environment-minded advanced thermal power systems, is developing its after-sales service business for existing plants like this IWPP project. Further, through its representative office established in Doha, the capital of Qater in October 2018, MHPS is responding more precisely to the steady demand for power generation in Qatar by collecting information on various types of social infrastructure projects and strengthening its communications to customers, as well as contributing to economic development and reducing the environmental load while providing a comprehensive service tailored to diverse needs.

    About Mitsubishi Hitachi Power Systems, Ltd.

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

    Contact:
    Corporate Communication Department Mitsubishi Heavy Industries, Ltd. Email: mediacontact_global@mhi.co.jp Tel: +81-(0)3-6716-2168 Fax: +81-(0)3-6716-5860

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

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    TOKYO, Nov 6, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced the development of a technology for automatically identifying the risk of cyberattacks. The new technology uses simulations in order to create a comprehensive evaluation of cyberattack risks for ICT systems and important infrastructure, such as electricity, gas, water, and transport facilities.

    This technology collects information about components and complex network settings that are particular to control systems, as well as information on data flow, including information about isolated environments, from actual systems and reproduces a virtual model based on that information. The virtual model is used to run cyberattack simulations that enable the automatic identification of a variety of cyberattack risks.

    Cyberattack simulations are created using analysis knowledge based on attacks utilizing e-mail and the Web, data falsification, spoofing, and attacks on isolated networks utilizing a USB and other techniques, in addition to knowledge(1) about software vulnerability and attack techniques that are extremely sophisticated and hard to understand. This makes it possible to create an exhaustive range of realistic attack simulations.

    "This technology can identify potential attack paths and the scope of their influence, making it possible to implement the necessary security measures with a minimum of system outages," said Mikiya Tani, General Manager, Security Research Laboratories, NEC Corporation. "Moreover, the technology bolsters the security of social infrastructure and ICT systems for enterprises, while contributing to the safety of communities and the development of economic activity."

    NEC aims to provide this technology commercially within the 2019 fiscal year.

    Primary features of the new technology include the following:

    1. Creation of a virtual model for accurate security risk analysis
    NEC developed a technique to create a virtual model by collecting detailed system information necessary for risk analysis, such as the hardware information of components (programmable logic controller [PLC] and others) peculiar to control systems, communications settings, such as packets and protocols, and data flow.

    This makes it possible to visualize the entire configuration of complicated systems and data flow, which has conventionally been difficult to understand, even for specialists with extensive experience and advanced skills in status analysis. With this technique, NEC achieves an immediate, accurate understanding of the areas of vulnerability in risk analysis.

    2. Analysis of realistic attack scenarios utilizing an attack database
    NEC created a database of analysis knowledge that is used to produce simulations with a computer. The database consists of information on software vulnerabilities and attack technique data(1), such as CVE and CAPEC, which are widely disclosed around the world, but can only be understood by specialists. By structuring and creating a database of common characteristics, such as the conditions under which attacks become feasible, the status of attackers, and the change in the status of systems that occurs when attacks succeed, a series of attack simulations, from the starting point to the goal of attacks, can be automatically and accurately created at high speed.

    Further, because the database of analysis knowledge encompasses a variety of attack forms, such as attacks utilizing e-mail and the Web, data falsification, spoofing, as well as attacks on an isolated network utilizing a USB or other techniques, it is possible to create more realistic attack scenarios.

    With this technology, an attack can be understood visually and automatically. Further, because the effectiveness of security when measures are taken can be repeatedly confirmed, potential security risks can also be found.

    NEC will showcase this technology at the "C&C user forum & iEXPO 2018" held by the NEC Group at the Tokyo International Forum on Thursday, November 8 and Friday, November 9.

    For more information, please visit: https://www.nec.com/en/event/uf-iexpo/

    (1) A worldwide database that discloses information about a variety of software vulnerability and attack techniques collected by US-based companies.

    About NEC Corporation

    NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. The NEC Group globally provides "Solutions for Society" that promote the safety, security efficiency and fairness of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, visit NEC at https://www.nec.com.

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

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

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    Welcoming attendees, HKTDC Executive Director Margaret Fong says enterprises around the world can connect with global potential trade partners and expand their businesses by participating in world-class exhibitions and conferences organised by the HKTDC
    Exhibitors and buyers from around the world attend the "Hong Kong's Experiences for International Trade: New Horizon, New Technology, New Model" forum
    Seminar Organised by HKTDC Concludes Today

    HONG KONG, Nov 6, 2018 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) and Hong Kong Special Administrative Region (HKSAR) Government held a seminar - "Hong Kong's Experiences for International Trade: New Horizon, New Technology, New Model" - at the China International Import Expo (CIIE) today to promote the city's strength as Asia's international trade hub. The seminar allowed international exhibitors, buyers and traders to explore issues such as big-data applications, cross-border capital flows and managing risk for enterprises in global trade.

    Hong Kong's Unique Role in Chinese Mainland Market

    HKTDC Executive Director Margaret Fong and HKSAR Secretary for Commerce and Economic Development Edward Yau addressed the forum opening, while Fung Group's Group Chairman Victor Fung was the session's keynote speaker.

    In her welcoming remarks, Ms Fong said: "With Hong Kong's valuable geographical location and rich international trade experience, it can be developed into an ideal trade platform for international suppliers, buyers and traders. We could provide a wide range of professional services to help enterprises improve effectiveness and reduce possible risks. Enterprises from around the world can also connect with potential trade partners and expand their business by participating in world-class exhibitions and conferences organised by the HKTDC."

    Mr Fung said: "The Sino-United States trade friction drove the reorganisation of the world's supply chain, bringing in far-reaching impacts to global trade, which include pushing the Belt and Road forward as a new world trade engine that drives more emerging countries' development. Hong Kong can explore more ways to lead Chinese mainland companies to the international market and collaborate in the set-up of the global supply chain rearrangement. Hong Kong can also leverage its extensive international network to develop into a platform for international products to enter the mainland market."

    Cross-border Trade

    The seminar discussion was moderated by Salina Yan, HKSAR Director-General of Trade and Industry. Speakers included Herbert Chia, Expert Partner, Sequoia China Fund; Lin Guangming, Chief Corporate Banking Officer, Bank of China (Hong Kong) Limited; and Lawrence Yeung, Member, Greater China Legal Affairs Committee, The Law Society of Hong Kong. The speakers explored Hong Kong's strength and experience in expanding global trade, explaining how enterprises and investors can use the city's professional services for cross-border trading, managing international trade risks and improving business effectiveness in the areas of big-data marketing, intellectual property dispute resolution, and arbitration and mediation.

    Mr Chia discussed big-data marketing. He said enterprises could collect useful information and consolidate valuable insights from a large pool of scattered data when designing new products and services to raise sales performance.

    Mr Lin noted that Hong Kong had become an important platform connecting the mainland and the global market. Government policies promoting financial services have completed Hong Kong's financial-market infrastructure, providing convenience for cross-border enterprises.

    Mr Yeung pointed out that Hong Kong's professionals have extensive experience in handling cross-border legal affairs and can play an important role in world trade by helping enterprises manage risks in global trade.

    Photo download: https://bit.ly/2SRjx6e

    About HKTDC

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

    Contact:
    Coco Yuen, Tel: +852 2584 4145, Email: coco.hc.yuen@hktdc.org

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

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    BANGKOK, Nov 6, 2018 - (ACN Newswire) - Chewathai PCL (SET:CHEWA) Managing Director, Mr. Boon Choon Kiat discusses the company's strategy and outlook in The Executive Talk (TET) by ShareInvestor.com.

    TET: What is CHEWA's growth strategy?

    We are very open to multiple avenues for growth, we will continue to organically grow our business with the expansion of residential projects for both high-rise and low-rise projects throughout Bangkok. Also, as we have shown in the past we have grown through acquisitions such as with the condominium project AQ Aria Asoke, and recently utilizing the joint venture structure on residential projects and hospitality projects. The reason that we are open to these different models is because as a smaller real estate developer we must remain flexible and be able to grasp market opportunities when presented to us.

    TET: CHEWA's financial performance has been impressive. What are the reasons for this?

    It is because of our strategy to focus on certain locations that are popular, where there is strong demand and where customers want to upgrade. In the first half of 2018 we achieved 1.4 billion baht in revenue with a 10% net profit margin and our target for the full year is a revenue increase of 20% to 2.4 billion baht. Through economies of scale our net profit margin has increased from 7%-8% to 10%. Our backlog is 800 million baht and going forward we will launch an additional 10 projects. To ensure the long-term sustainability of the company, in May this year we successfully completed a rights offering at a ratio of 1:1 and raised 537 million baht. In addition to this we issued bonds of 1.7 billion baht during year at attractive financing rates. The combination of these two gives us 2.2 billion baht of fresh capital to invest into purchasing new land plots to develop projects.

    TET: When we last spoke, CHEWA was targeting to developing a balance between low rise and rise high developments and recurring income properties. How is this progressing?

    We successfully sold out our first low rise project, Chewarom Rangsit Don Muang. It was a pilot project to learn the market, to create a name for ourselves. It is a 490 million baht project with 81 units and thus we saw the steady absorption rate over 12 months for the project. Now for us to achieve a diversified balance between the different real estate segments will take another four to five years as the revenue models differ between high rise and low rise projects. Because of the higher value of the condominium projects are 1 billion baht or more and low rise projects that average a sale of 6 units per month per project at 2 million baht per unit implies that we will require 10 housing projects being developed concurrently. Going forward we are diversifying launching both townhouse and condominium projects, there are 7 new projects are 3 JV projects for a total of 11.8 billion baht and we are also partnering in a senior living project at Kamala Beach Phuket with Nye Estate, LPN Development and CH Karnchang.

    Finally, we also have factories for rental and the target when we went public was to grow this to a 1.5 billion baht business before potentially launching a REIT. This is still part of the plan and with the government's EEC developments beginning to take hold we will look at potential opportunities to take over existing warehouses and factories.

    TET: There has been a recent change in the major shareholders. What are the reasons for this?

    TEE Land which is a subsidiary of TEE Group Singapore and were founding shareholders with a 33% stake in CHEWA and decided to liquidate their stake because of their group level decision to restrategise and focus on their home market Singapore. They have been very good partners of CHEWA and voted in favour of the rights offering that was completed in May 2018. From CHEWA's viewpoint we are moving forward and see the potential within Thailand hence our capital increase to seize upon opportunities that are present.

    TET: What are your viewpoints on each segment of the real estate industry in Bangkok?

    The real estate industry in Bangkok, Thailand is a very competitive industry with every developer today launching projects across the entire product and price range. In the past it was possible to have a niche market whether it be high end condominiums, low cost housing and so forth but today the landscape has changed. However, despite these changes there is a still a constant gradual demand by homebuyers for both housing and condominiums and we have seen this in our sales this year and expect to hit our revenue growth target of 20%. Both the macroeconomic and microeconomic indicators for Thailand are still positive, the ambience is positive, the infrastructure projects that the government announced two to three years ago are going ahead and people are aware that elections are coming. We feel that the Thai economy will continue to be vibrant for the next two years and that the government knows that real estate is a key driver for the economy given the impact it has upon employment, construction, and banking, so it is quite an exciting period for property.

    TET: Where do you see CHEWA in five years from now?

    Our focus is to become a medium sized developer maintaining a revenue level of 5 billion baht per year and we aim to achieve this within the next three to four years.

    About The Executive Q&A Series

    The Executive Q&A Series is presented by ShareInvestor, Asia's leading financial internet media and technology company and the largest investor relations network in the region. The interview was conducted by Pon Van Compernolle. For more information, email admin.th@shareinvestor.com. Website: www.ShareInvestorThailand.com

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

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    KINGSPORT, Tenn., Nov 7, 2018 - (ACN Newswire) - Eastman Chemical Company (NYSE: EMN) today announced that the previously announced cash tender offer (the "Tender Offer") for any and all of its 5.500% notes due 2019 (the "Notes") expired at 5:00 p.m. New York City time, on November 5, 2018. According to information provided by D.F. King & Co., Inc., the Information and Tender Agent for the Tender Offer, $103,145,000 aggregate principal amount of the Notes were validly tendered at or prior to the expiration of the Tender Offer and not validly withdrawn. These amounts include $22,000 aggregate principal amount of the Notes tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, dated October 30, 2018 (the "Offer to Purchase"). The Tender Offer was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents"). The obligation of Eastman to accept the Notes tendered and to pay the consideration for the Notes is subject to satisfaction or waiver of certain conditions, which are more fully described in the Offer to Purchase. Eastman expects to pay for the Notes tendered through The Depository Trust Company's Automated Tender Offer Program on November 6, 2018 and for the Notes tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase on November 8, 2018.

    Holders of the Notes that validly tendered and did not validly withdraw their Notes, as applicable, at or prior to the expiration of the Tender Offer will receive total consideration of $1,024.48 for each $1,000 principal amount of Notes tendered and accepted for payment, plus accrued and unpaid interest up to, but not including, November 6, 2018, the expected settlement date of the Tender Offer. For the avoidance of doubt, accrued interest will cease to accrue on the settlement date for all Notes accepted for purchase in the Tender Offer, including Notes tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase.

    On October 30, 2018, Eastman delivered an irrevocable notice of redemption to the holders of the Notes. In accordance with the terms and conditions of the Notes and the indenture governing the Notes, Eastman will redeem any Notes not tendered in the Tender Offer and outstanding on November 29, 2018 at the redemption price set forth in the notice of redemption.

    Eastman plans to fund the purchase of the Notes, and the redemption of any Notes not tendered in the Tender Offer, with part of the proceeds from the issuance of its 3.500% notes due 2021 and its 4.500% notes due 2028, which is expected to be completed on November 6, 2018.

    Eastman retained J.P. Morgan Securities LLC to act as exclusive Dealer Manager. For additional information regarding the terms of the tender offer, please contact: J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3424 (collect). Copies of the Offer Documents are available via the Tender Offer website at www.dfking.com/EMN and requests for documents and questions regarding the tendering of Notes may be directed to D.F. King & Co., Inc. by telephone at (212) 269-5550 (for banks and brokers only) or (800) 967-5074 (for all others toll-free) or by email at eastmanchemical@dfking.com or to the Dealer Manager at its telephone numbers.

    This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell with respect to any Notes nor is this announcement an offer to sell or a solicitation of an offer to purchase new debt securities. The Tender Offer was made solely pursuant to the Offer Documents, which set forth the complete terms and conditions of the Tender Offer. The Tender Offer is not being made to, nor will Eastman accept tenders of Notes from, holders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

    None of Eastman, its board of directors, the Dealer Manager or the Information and Tender Agent makes any recommendation to any holder of Notes in connection with the Tender Offer. Holders must make their own decisions as to whether to tender their Notes and, if so, the principal amount of Notes to tender.

    About Eastman Chemical Company

    Eastman is a global advanced materials and specialty additives company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in more than 100 countries and had 2017 revenues of approximately $9.5 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 14,500 people around the world.

    Forward-Looking Statements

    This news release includes forward-looking statements concerning, among other things, the Tender Offer, including the terms and timing of the Tender Offer. Such expectations and assumptions are based upon certain preliminary information, internal estimates, and management assumptions, expectations, and plans, and are subject to a number of risks and uncertainties inherent in projecting future conditions, events, and results. Actual results could differ materially from expectations and assumptions expressed in the forward-looking statements if one or more of the underlying assumptions or expectations prove to be inaccurate or are unrealized. Important factors that could cause actual results to differ materially from such expectations are and will be detailed in the company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2017 and the Quarterly Report on Form 10-Q for the third quarter of 2018.

    Contacts
    Media: Tracy Kilgore Addington
    423-224-0498 / tracy@eastman.com

    Investors: Greg Riddle
    212-835-1620 / griddle@eastman.com

    ###

    This announcement is distributed by West Corporation on behalf of West Corporation clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Eastman Chemical Company via Globenewswire

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

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    TOKYO, Nov 7, 2018 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) today announced its financial results for the first-half of FY2018 (from April 1 to September 30, 2018).

    1. 1H/FY2018 Financial Results Highlights

    Mitsubishi Motors reported net sales of 1,169.3 billion yen for the first-half of FY2018, up 23.4% compared to the same period a year ago, against a backdrop of strong global unit sales. Operating profit increased to 56.9 billion yen compared with 44.2 billion yen in the same period a year ago, representing an operating margin of 4.9%. The improvement was driven by unit sales growth combined with material and other cost reductions. Net income was 51.9 billion yen.

    2. Global sales performance

    Global sales volume for the first-half of FY2018 increased 19% year-on-year to 594,000 units.

    Volume in the ASEAN region increased 36% year-on-year to 152,000 units due to strong sales of the XPANDER, a next-generation crossover MPV, in Indonesia and the TRITON pick-up truck, predominantly in Thailand. We have also increased exports of the XPANDER after expanding production capacity in Indonesia.

    In the region of China and others, sales increased 19% year-on-year to 82,000 units, driven by strong performance of the locally produced Outlander. We also plan to launch the local production and distribution of the Eclipse Cross in China.

    In Europe, sales rose 29% year-on-year to 112,000 units, reflecting strong demand for the Eclipse Cross in Western Europe, as well as for the locally-produced Outlander in the region of Russia and others.

    3. FY2018 forecasts

    Mitsubishi Motors forecasts for FY2018 are as shown below, reaffirming the figures filed with the Tokyo Stock Exchange in May 2018.

    Osamu Masuko, chief executive officer, said: "Despite the impact of natural disasters on production and shipments in Japan since June, the financial results for the first-half of the fiscal year were largely in line with our annual plan. Therefore, the Board of Directors has decided to pay an interim dividend of 10 yen per share as announced at the beginning of the fiscal year. Although we face various uncertainties in the global economy and from ongoing foreign currency fluctuations, we will focus relentlessly on achieving our forecasts in the second-half by boosting on global sales, predominantly in ASEAN, and unfailingly implementing cost reduction.

    "The business environment surrounding us, including the global economic and geopolitical situation, is changing rapidly every day. By paying attention and responding flexibly to the various risks that may affect Mitsubishi Motors, we will put our business on a path toward a full-scale recovery and establish the foundations for profitable and sustainable growth."

    About Mitsubishi Motors

    Mitsubishi Motors Corporation is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid electric vehicles. Since the Mitsubishi group produced its first car more than a century ago, we have demonstrated an ambitious and often disruptive approach, developing new vehicle genres and pioneering cutting-edge technologies. Deeply rooted in Mitsubishi Motors' DNA, our brand strategy will appeal to ambitious drivers, willing to challenge conventional wisdom and ready to embrace change. Consistent with this mindset, Mitsubishi Motors introduced its new brand strategy in 2017, expressed in its "Drive your Ambition" tagline - a combination of personal drive and forward attitude, and a reflection of the constant dialogue between the brand and its customers. Today Mitsubishi Motors is committed to continuous investment in innovative new technologies, attractive design and product development, bringing exciting and authentic new vehicles to customers around the world.

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

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

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    TOKYO, Nov 7, 2018 - (JCN Newswire) - GAC Mitsubishi Motors (GMMC) is to start sales of the new Eclipse Cross in China.

    GMMC is a joint venture between the Mitsubishi Motors Corporation, Guangzhou Automobile Group (GAC) and the Mitsubishi Corporation.

    The Eclipse Cross is a global strategic model with a fusion of original, sharp coupe looks and dynamic SUV mobility with signature Mitsubishi styling and performance.

    Mitsubishi Motors Chief Executive Officer Osamu Masuko said: "China is one of our most important markets and with the introduction of new, locally-produced Eclipse Cross, we will boost the number of sales units and will establish a firm foundation for growth in the Chinese business."

    In the Mitsubishi Motors three-year DRIVE FOR GROWTH strategic plan, Mitsubishi Motors aims to have further strengthened its operations across China by more than doubling the sales units as well as its dealer network by 2019, compared with 2016 levels. The company will also focus on expanding its Chinese business with a range of SUVs, among others.

    About GAC Mitsubishi Motors (GMMC)

    Based in Changsha, Hunan, GMMC was formed as a joint venture company in 2012 between Guangzhou Automobile Group (50% ownership stake), Mitsubishi Motors Corporation (30% ownership stake) and Mitsubishi Corporation (20% ownership stake). GMMC has 4,100 employees, and serves as a sales and distribution platform for GAC and MMC-branded vehicles in China. The company has an annual production capacity over 270,000 units per year between the Mitsubishi Motors Eclipse Cross, ASX and Outlander SUVs, as well as the GAC Eupheme and Eupheme EV GMMC maintains over 300 sales and service locations across China.

    About Mitsubishi Motors

    Mitsubishi Motors Corporation is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid electric vehicles. Since the Mitsubishi group produced its first car more than a century ago, we have demonstrated an ambitious and often disruptive approach, developing new vehicle genres and pioneering cutting-edge technologies. Deeply rooted in Mitsubishi Motors' DNA, our brand strategy will appeal to ambitious drivers, willing to challenge conventional wisdom and ready to embrace change. Consistent with this mindset, Mitsubishi Motors introduced its new brand strategy in 2017, expressed in its "Drive your Ambition" tagline - a combination of personal drive and forward attitude, and a reflection of the constant dialogue between the brand and its customers. Today Mitsubishi Motors is committed to continuous investment in innovative new technologies, attractive design and product development, bringing exciting and authentic new vehicles to customers around the world.

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

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

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    The strength of the company is full recognized by the market

    HONG KONG, Nov 7, 2018 - (ACN Newswire) - China Tonghai International Financial Limited ("Tonghai Financial") is pleased to announce that the company has been awarded "Listed Company Awards of Excellence 2018" by the Hong Kong Economic Journal. Mr. Chris Wu Kwok Choi, Chief Financial Officer of Tonghai Financial, attended the award ceremony and accepted the award yesterday.

    Chris Wu said "The company wins the "Listed Company Awards of Excellence 2018", which is a great encouragement and affirmation for the company and all employees. Tonghai Financial is rooted in Hong Kong and has accumulated rich experience in the industry for nearly 40 years. It has a strong network and provides diversified integrated financial services. As Oceanwide Holdings became the majority shareholder of the company last year and expanded the latter's capital base, it transformed its income structure and quality. This award represents market recognition of the company's new page. In the future, we will strive to build a leading global financial company and strive to bring rich returns to shareholders and investors.

    The assessment is carried out by HKEJ's EJFQ stocks analysis system and sorted candidates according to Piotroski F-score etc. The results are further reviewed and assessed by industry leaders, analysts and HKEJ's a judging committee and finally verified and audited by KPMG. The award aims to honor and select listed companies that are well-respected and outstanding within their industries as well as capital markets. The HKEJ Award provides reference indicator for investors and is viewed as one of the most prestigious awards ceremonies in the industry. Tonghai Finanical wins this award, which honors the company's outstanding performance and is fully recognized by the market and investors.

    About the Company
    China Tonghai International Financial Limited (Stock Code: 00952. HK) is a Hong Kong-based financial services group which has been listed on The Stock Exchange of Hong Kong Limited since 1997. In 2017, the group joined the big family of Oceanwide Holdings Co., Ltd. (Stock Code: 000046.SZ). Tonghai Financial is committed to building a comprehensive, full-licensed integrated financial platform. The core businesses of the Company are brokerage business, interest income business, corporate finance business, asset management business and investments and others businesses. The Company strives to become the ideal partner for both corporate and individual investors in Hong Kong and China. The Company also offers premier one-stop financial services to its clients. The Company continued to provide capital markets services through its representative office or the wholly-owned foreign enterprise in Shenzhen, Shanghai, Shenyang, Ningbo, Dalian, Beijing, Chengdu, Hangzhou and Xiamen of the PRC and through its Global Alliance Partners network and Oaklins International.

    For further information, please contact:
    China Tonghai International Financial Limited
    Ms. Windy Chan (Investor Relations Department)
    Tel: (852) 28472201
    E-mail: windy.chan@tonghaifinancial.com


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

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    - EPC Arrangement for Systems with Total Output of 3,320MW at the Mouda-II and Rihand-II&III Plants -

    - First order of Limestone-Gypsum FGD in Indian market, with completion scheduled by 2022
    - Substantial reduction in air pollutants in the region

    TOKYO, Nov 7, 2018 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) received an order from India's public sector utility NTPC (earlier known as National Thermal Power Corporation) Limited for additional installations of flue-gas desulfurization (FGD) systems in the Mouda-II and Rihand-II&III coal-fired power plants. This project aims to use cutting-edge FGD systems to reduce emissions of sulfur oxide (SOx) and soot dust, helping to clear and reduce air pollutants in India. This is the first order of Limestone-Gypsum FGD system(1) in Indian market. Installations of Mouda-II and Rihand-II&III are scheduled for completion in 2021 and 2022 respectively.

    These projects are ordered through MHPS' Indian subsidiary and included engineering, procurement, and construction (EPC) arrangements. The order comprises two 660MW units for the Mouda-II plant, and four 500MW units for the Rihand-II&III plant, for a combined output of 3,320MW. The FGD systems will be additional installations to the existing power generating facilities, supporting the design of the cutting-edge spray-type desulfurization systems(2) handled by MHPS' Indian subsidiary.

    Coal accounts for the majority of the fuel used in thermal power plants in India, and adding FGD systems to existing coal-fired power plants is becoming increasingly common. This is a pioneering project, and the order is the result of the favorable ratings and reliability of the MHPS Group's FGD systems.

    Going forward, with the current trend toward strengthening curbs on emissions of atmospheric pollutants, demand is expected to increase for off-gas cleanup technologies and systems in thermal power plants. MHPS will proactively offer Air Quality Control Systems (AQCSs) combining high-performance, high-efficiency desulfurization /denitrification systems and dust collectors, contributing to reductions in the global environmental load.

    (1) The desulfurization way that absorbs SOx and collects the generated gypsum by reacting limestone with SOx.
    (2) Open spray tower type that sprays absorbent (limestone slurry) downward from upper side of compact flue gas scrubbing tower to absorb harmful SOx efficiently.

    About Mitsubishi Hitachi Power Systems, Ltd.

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

    Contact:
    Corporate Communication Department Mitsubishi Heavy Industries, Ltd. Email: mediacontact_global@mhi.co.jp Tel: +81-(0)3-6716-2168 Fax: +81-(0)3-6716-5860

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

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    Conceptual image of an electronic customs procedure gate at a customs inspection area (left) Exit gate (right) Electronic declaration terminal
    - First time use of facial recognition for customs procedures at an airport in Japan -

    TOKYO, Nov 7, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced that it has received an order from Japan Customs for an electronic customs procedure gate featuring facial recognition for use at the customs inspection area at Japan's busiest international airport. Demonstration trials of the electronic customs procedure gate are scheduled to begin at Terminal 3 of Narita International Airport from April 2019.

    This will be the first time that facial recognition technology is used for customs procedures at an airport in Japan.

    The electronic procedure gate will be installed at the customs inspection area where passengers proceed to after being admitted through immigration. Travelers' identities will be confirmed at a kiosk terminal (electronic declaration terminal) and at an exit gate equipped with NEC's facial recognition technology, which boasts the world's No. 1 recognition accuracy(1). Furthermore, a smartphone application will facilitate electronic baggage declaration by enabling travelers to register baggage contents and passport information. These methods are expected to reduce passenger stress by relieving congestion and shortening waiting time in the customs inspection area.

    http://www.acnnewswire.com/topimg/Low_NECCustomsInspectionArea.jpg
    Conceptual image of an electronic customs procedure gate at a customs inspection area
    (left) Exit gate (right) Electronic declaration terminal

    The facial image taken at the electronic procedure gate is only used for identification purposes and is deleted in an appropriate manner after use.

    "NEC regards its safety business and the 'NEC Safer Cities' campaign as keys to expanding and enhancing its global business," said Ryouji Hayashi, senior vice president, NEC. "NEC has already provided biometric identification systems, including facial recognition, to approximately 50 airports around the world, and we look forward to capitalizing on this experience and know-how to contribute further to the security and safety of social infrastructure everywhere."

    (1) NEC's Video Face Recognition Technology Ranks First in NIST Testing

    About NEC Corporation

    NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. The NEC Group globally provides "Solutions for Society" that promote the safety, security efficiency and fairness of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, visit NEC at https://www.nec.com.

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

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

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