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ACN Newswire press release news - Recent Press Releases

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    HONG KONG, Dec 12, 2018 - (ACN Newswire) - Blockpass and Infinito Wallet have announced the launch of the world's most secure and convenient KYC-enabled security token wallet, providing regulatory compliance while putting traders in full control of their security tokens. The wallet is an integration of the Blockpass KYC Connect solution and the world leading universal wallet.

    As can be evidenced in a spate of recent partnerships and developments, Blockpass believes that the future of decentralised trade - and therefore the future of all trade - lies in the exchange of securities tokens. Infinito Wallet, in its desire to provide the most versatile and innovative cryptocurrency wallet, is committed to supporting securities tokens as the upcoming innovation to transform markets. Through their partnership, Blockpass and Infinito Wallet will bring easy access to securities tokens and other Blockchain services as they enter into mainstream adoption.

    Infinito Wallet is the world's leading universal mobile wallet, a single safe place for all types of major coins and tokens. Currently it supports BTC, ETH, ADA, EOS, NEO, ONT, LTC, BCH, ETC, DASH, DOGE, along with GAS, ONG and all tokens built on ERC20, NEP-5 and EOS with more to come based on the roadmap. Users can register to easily manage tokens that require KYC Profile with Infinito Wallet, and even apply to enjoy other blockchain services. Currently, Infinito Wallet has been downloaded by more than 300,000 users globally and has received positive reviews from the blockchain community. It can serve not just as the most powerful, secure universal wallet service for leading coins and tokens, but also a crypto wallet that offers many free rewards to users worldwide. Infinito App Square is a built-in DApp marketplace where users have seamless access to a wide range of innovative DApps and blockchain services.

    Blockpass is a digital identity application and service that brings control back to the user. Blockpass provides a streamlined and cost-effective user onboarding process for regulated industries and any kind of online service. From the Blockpass application, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services or token purchase.

    "Today's announcement with identity system leader Blockpass is another solid step in building our authority in the security token space and consolidating our position as leader in the cryptocurrency wallet ecosystem. Partnering with Blockpass will allow Infinito Wallet users to store, send, receive and utilize their security token," said Jack Thang Nguyen, Project Director of Infinito Wallet.

    Adam Vaziri, CEO of Blockpass, said: "Security tokens continue to be the focus of discussions for the cryptocurrency and blockchain ecosystems and we are committed to improving access to this promising technological development. Our longstanding partners, Infinito Wallet, were perfectly suited to work with us to provide this regulatory compliant solution which will give users control in such a vital area. We are excited to be at the forefront of the security token revolution."

    Blockpass has announced a number of key collaborations recently, most notably with Edinburgh Napier University for the creation of the pioneering new blockchain research laboratory, the Blockpass Identity Lab. With five fully funded Studentships and led by Professor Bill Buchanan, the Blockpass Identity Lab will focus on the creation of world-leading knowledge and innovation around citizen-focused systems which enshrine the right to privacy.

    About Blockpass IDN

    The goal of Blockpass IDN (http://www.blockpass.org/) is global realization of identity for the Internet of Everything. Through the use of blockchain technology and smart contracts, Blockpass is a production ready Regtech platform offering shared regulatory and compliance services for humans, businesses, objects and devices. As this identity system supports verification of humans (KYC), objects (KYO) and connected devices (KYD), it will enable the development of new applications that rely on a trusted connection between human, corporate, and device identities. Registered in Hong Kong, Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things. Blockpass IDN licenses its technology from the non-profit Blockpass Foundation, registered in the Isle of Man.

    For more information and updates, please visit and sign up to the following:
    Promotional video: https://youtu.be/SvO2cw3e-SI
    Website: http://www.blockpass.org
    Medium: https://medium.com/@blockpass
    Twitter: https://twitter.com/BlockpassOrg
    Facebook: https://www.facebook.com/blockpassorg/
    Telegram: https://t.me/blockpass

    Contact: Caitlin Betts, +852 9733 4935, press@blockpass.org

    About Infinito Wallet

    Positioning as a leading universal wallet for crypto users, Infinito Wallet serves as a gateway for users to maximize usage and potentials of their cryptocurrencies. By selectively expanding our partner network, Infinito Wallet aims to build an ecosystem of practical blockchain services including exchanges, ID/KYC solutions, and other blockchain-related business services. At the same time, we help support communities of developers and businesses with an open blockchain infrastructure of technologies and compliant-ready services, so that they can seamlessly build, launch, and operate innovative products and services efficiently.

    Infinito Wallet's core development team of blockchain R&D experts has intensive professional experience. Currently, our organization consists of more than 300 members including developers, designers, business and marketing specialists. We are promoting research on infrastructure for cryptocurrencies and developers utilizing blockchain.

    Follow us on
    Telegram: https://t.me/infinitowallet
    Facebook: https://www.facebook.com/InfinitoWallet/
    Twitter: https://twitter.com/InfinitoWallet
    Youtube: https://www.youtube.com/channel/UCc8s67KYZ1AHZRUqJLLFc0g
    Google+: https://plus.google.com/u/0/+InfinitoWallet
    Medium: https://medium.com/infinito-wallet
    Reddit: https://www.reddit.com/r/infinitowallet/
    Linkedin: https://www.linkedin.com/company/infinity-blockchain-labs-europe/

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

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    HONG KONG, Dec 12, 2018 - (ACN Newswire) - On December 12th the mobile advertising company Mobvista became the latest tech company to list its shares on the Hong Kong Stock Exchange, following in the footsteps of Xiaomi and Meituan.

    At the official ceremony to mark the listing of the company Robin Duan, the founder and CEO of Mobvista, thanked all the staff for making the vision of the IPO a reality. Like Duan himself, Mobvista has achieved a lot in a short space of time. So how did he and his company grow up so quickly?

    A company built to serve the new mobile economy
    Founded in 2013, Mobvista provides mobile advertising and mobile data analytics services to the global ecosystem of app developers. The company has created an end-to-end offering that meets customers demands for advertising, monetization and mobile analytics; the whole mobile marketing lifecycle.

    In just five years since its establishment, the company has become the largest third-party mobile advertising platforms, and one of the top-ten in the world. So how was this achieved?

    Many in the industry believe that its success stems not just from its business model, but is closely linked to how Duan and Mobvista had foreseen changes in both the domestic market and the international market.

    Industry data predicts that the global spend on mobile app promotion will continue to grow by 16% year on year until 2022. The market for programmatic advertising - that's advertising which is targeted using complex AI - was $27 billion in 2017, and is expected to grow to $69 billion in 2022.

    With the global shift to the mobile internet as the most common means of going online, and the corresponding shift in advertising spend away from the desktop and onto mobile, mobile advertising has emerged as a new, exciting and fast-growing industry.

    "The best decision we have made after creating the Mobvista was to think big and focus on the international market. With many millions of adverts placed every day thanks to our technology with is based on big data and intelligent algorithms, we can connect advertisers and users all around the world. With so many companies looking to grow and launch in new markets, our global approach is exactly what they need. We have created a company with the right mix of technology and expertise to help our customers succeed," said Duan.

    It's this global vision which has helped Mobvista grow to become the latest tech Unicorn - a company valued at more than $1 billion - to list on the Hong Kong Stock Exchange. But whereas many other tech companies gain high valuations based only on potential, Mobvista is already consistently profitable.

    Mobvista's revenues were $158 million, $268 million and $312 million over the past three years respectively - an increase of more than 40% year-on-year. Even better, the company's profits grew by an impressive 77% per year over the same timeframe. Net profits were $8.71 million in 2015, $19.78 million in 2016 and $27.32 million 2017.

    The "JCDecaux" of the mobile market

    European company JCDecux is one of the giants of the advertising world, reaching billions of people every day through its dominance of the outdoor media landscape. It is a company that Duan views as similar to Mobvista in many ways.

    "Simply speaking, we have created an online version of the JCDecaux, where we can reach the widest audience possible through an array of different advertising formats. Where they offer brands a way to reach people through outdoor media, we have created a media landscape focused on millions of long-tail mobile apps. And just like traditional advertising companies, we help our customers to find the right mix of advertising to reach their specific audience."

    Mobvista's technology allows it to place advertisements into mobile apps which are connected to its advertising platform, using detailed targeting and demographics to deliver adverts which are more likely to appeal to users. At the same time, Mobvista can help app companies to sell space in their apps to advertisers looking to reach users of the app in question, helping them to monetize their apps.

    As more apps are connected to the platform and more adverts served, the amount of data that Mobvista can use to understand user behaviours continues to increase. Through real-time AI modelling of this anonymised data, the accuracy of the advertising can be continually improved.

    It's this AI technology which is the most exciting, as companies both upstream and downstream (known in the industry as the supply side and the demand side) can benefit from its intelligent targeting. By connecting advertisers, developers and users across the mobile ecosystem, Mobvista is effectively building a 'closed loop', where it adds value to every stakeholder.

    When looking at where future growth is likely to come from, Duan sees business to business services as an emerging market for mobile advertising. The growth of mobile consumers has slowed as most markets now reach saturation, and there is no longer a big demographic divide between the mobile haves and have-nots. However, many consider the B2B market as a trillion-dollar opportunity over the coming years.

    And it's not just Mobvista that's thinking this way. Internet giants such as Alibaba and Tencent have made structural adjustments and shifted their business focus towards these enterprise-level services. This B2B approach is not new for Mobvista, which has been providing services for Chinese companies going global since its inception. But the shift towards B2B by some of China's biggest tech companies is an indication that it's a market that will become more important moving forward.

    What Is Mobvista's Future as a public company?

    Another key success for Mobvista and its big data and AI technology has been its work with several top domestic Internet companies such as Baidu, Alibaba, 360 and Tencent. Mobvista has helped them enter overseas markets and attract billions of new users outside of China.

    Duan sees three distinct stages where his company can help this particular customer base. Firstly, helping Chinese Internet companies to obtain new users overseas. Secondly, helping them monetize their apps once they have grown their userbase. Thirdly, creating synergy between brand and performance, where the growth in user numbers is linked to building brand value and affinity.

    Of course for any company that decides to go public, investors are keenly interested in plans for the future. For Duan, going public in Hong Kong is only the beginning. His views on the future are captured in the IPO prospectus, which goes into detail on Mobvista's plans to increase R&D investment, promote business growth with technologies, and expand its leadership in the market.

    Research and development are extremely important to Duan; after all, the company relies on its technology for its success. Currently, almost half of the global headcount works in R&D, and the post-IPO plan is to continue with this level of investment.

    Duan is also actively looking for high-quality investment and acquisition targets that could complement the existing product and technology mix. This is nothing new to Mobvista after it successfully acquired two companies in 2016.

    But perhaps the most important focus for Duan and the Mobvista team will be to continue to implement the operating model they call "Glocal". This is the concept of being able to offer customers truly global scale, whilst retaining high levels of local expertise, to help companies build success in new markets. Duan and his team believe that application developers in China and other emerging markets who have global ambitions will be an important driver of its future business growth.

    It's clear that Duan and Mobvista have achieved a lot in a short space of time. But it's also clear that, in such a fast-growing and innovative industry, there is a long way to go - a journey that's certain to include twists, turns, and exciting new possibilities.


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

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    TOKYO, Dec 12, 2018 - (JCN Newswire) - Hamamatsu City, an ordinance designated city located in Shizuoka Prefecture in Central Japan, has teamed up with CHUBU Electric Power Co., Inc., CHUBU GAS CO., LTD. and GASTEC SERVICE, INC. of the Sala Group and Mitsubishi Corporation to execute a demonstration experiment in which data regarding the usage of electricity, water and gas by its residents will be simultaneously collected utilizing Chubu Electric's electricity smart meter network system. The demonstration experiment will be carried out in Hamamatsu City from today December 12 until February 2019.

    Under its "Hamamatsu Energy Vision," Hamamatsu City is proactively seeking to pursue initiatives that enable it to foster a robust low-carbon society and achieve a stable energy supply. The City has therefore been studying various projects that can be executed using the public-private-partnership model.

    Pursuing smarter solutions that make use of ICT, particularly in a society that is facing a declining birthrate and a rapidly aging population, is expected to lead to various forms of innovation, not only in the energy sector but in a range of areas that affect citizens' everyday lives.

    The aim of this Demonstration Experiment is to construct an efficient low-cost data collection network that serves as the basic infrastructure for smart projects by enabling centralized data collection regarding electricity, water and gas/LPG consumption directly from the meters installed at the homes of residents in Hamamatsu City.

    The data collected will also be used when considering how to enhance services provided and contribute to improving living standards for Hamamatsu City residents.

    Hamamatsu City, Chubu Electric, CHUBU GAS - GASTEC SERVICE and MC intend to continue pooling knowledge from their respective areas of expertise and to cooperate on different initiatives that help resolve societal issues.

    About Mitsubishi Corporation

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

    Contact:
    Hamamatsu City TEL: +81-53-457-2503 CHUBU Electric Power Co., Inc. TEL: +81-52-961-3582 Chubu Gas Co., Ltd. Gas Tech Service Company TEL: +81-532-51-1220 Mitsubishi Corporation TEL: +81-3-3210-2171

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

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    (left to right, 2 from left) Irwan Kuncoro – Director of Sales & Marketing Division PT MMKSI; Naoya Nakamura – President Director of PT MMKSI; Ari Askhara – President Director of Garuda Indonesia
    - 400 XPANDER vehicles delivered to Garuda, Indonesia's national airline
    - Largest fleet sales delivery by Mitsubishi Motors to date

    TOKYO, Dec 12, 2018 - (JCN Newswire) - Mitsubishi Motors has concluded the largest fleet sale to date of its XPANDER model, demonstrating the strong demand for the company's award-winning MPV (multi-purpose vehicle) among commercial buyers.

    Garuda, Indonesia's national carrier, has taken delivery of more than 400 XPANDER vehicles, which will be used by the airline's staff to support operations at Soekarno-Hatta International Airport in Tangerang, Indonesia.

    XPANDER has become one of Mitsubishi Motors' best-selling models since its launch in 2017, with sales of nearly 100,000 units by the end of November 2018. Developed and manufactured in Indonesia, the XPANDER was designed to meet the needs of the fast-growing economies of the ASEAN region.

    The XPANDER is a small but roomy MPV that can carry a driver and up to seven passengers in comfort, with plenty of space for luggage. It combines an attractive and comfortable design with the toughness and reliability for which the Mitsubishi brand is renowned. It was named Car of the Year earlier this year by Otomotif, the leading Indonesian tabloid.

    From the outset, Mitsubishi Motors recognized that many customers would buy an XPANDER for commercial use. Fleet sales are an important part of XPANDER's success, and the order from Garuda is the largest single contract to date.

    "The XPANDER has been a huge success in Indonesia and beyond, appealing to both private and business buyers. We are very pleased that our largest fleet sale to date is with Garuda Indonesia, a leading national company. This builds on the XPANDER's retail success, with more than 100,000 vehicles sold since launch in 2017," said Trevor Mann, COO of Mitsubishi Motors.

    The latest batch of 282 XPANDERS were delivered at an event attended by Ari Askhara, CEO of Garuda Indonesia. Among other uses, Garuda's air crew will use XPANDERs carrying the airline's brand as airport shuttles.

    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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    Received Positive Response in the Public Offer

    HONG KONG, Dec 12, 2018 - (ACN Newswire) - Huakang Biomedical Holdings Company Limited ("Huakang Biomed" or the "Company", together with its subsidiaries, the "Group", stock code: 8622) is pleased to announce the Offer Price and allotment results of the Share Offer ("Share Offer"). The Public Offer received a positive response and the Public Offer Shares initially offered under the Public Offer have been very significantly over-subscribed. A total of 17,979 valid applications have been received pursuant to the Public Offer for a total of 1,315,176,000 Public Offer Shares, equivalent to approximately 131.52 times of the total number of 10,000,000 Public Offer Shares initially available for subscription under the Public Offer. The final Offer Price ("Final Offer Price") has been set at HKD$0.50 per Offer Share.

    Assuming that the Share Offer has become unconditional in all respects and the Underwriting Agreements are not terminated in accordance with the terms therein at or before 8:00 a.m. on Thursday, 13 December 2018, dealings in the Shares on GEM are expected to commence at 9:00 a.m. on Thursday, 13 December 2018. The Shares will be traded in board lots of 8,000 Shares each. The stock code for the Shares is 8622.

    Huakang Biomed plans to do Share Offer of a total of 100,000,000 Shares), of which 10%, or 10,000,000 Shares offered for subscription by the public in Hong Kong. As the number of Public Offer Shares validly applied for in the Public Offer is 100 times or more of the number of the Offer Shares initially available for subscription under the Public Offer, the adjustment procedure as described in the subsection headed "Structure and Conditions of the Share Offer - The Public Offer - Reallocation" in the Prospectus has been applied and 40,000,000 Shares have been reallocated to the Public Offer from the Placing. The final number of Offer Shares allocated to the Public Offer is 50,000,000 Offer Shares, representing 50% of the total number of Offer Shares available under the Share Offer. There are a total of 4,133 allottees for the Public Offer Shares.

    Based on the Offer Price of HK$0.50 per Offer Share, the net proceeds from the Share Offer to be received by the Company after deduction of underwriting fees and commission, and other estimated expenses payable by the Company in connection with the Share Offer, are estimated to be approximately HK$16.6 million.

    The Company intends to use the net proceeds it will receive from the Share Offer for the following purposes:

    - HK$6.9 million, representing approximately 41.5% of the net proceeds from the Share Offer, to be used for developing new products, improving its existing products and carrying out international cooperation projects;
    - HK$4.6 million, representing approximately 27.9% of the net proceeds from the Share Offer, to be used for developing its auxiliary reproductive supply business;
    - HK$4.5 million, representing approximately 27.3% of the net proceeds from the Share Offer, to be used for expanding its sales network and enhancing its sales and marketing activities; and
    - HK$548,000, representing approximately 3.3% of the net proceeds from the Share Offer, to be used for funding working capital of the Group.

    Mr. Zhang Shuguang, Executive Director and Chairman of the Board of Huakang Biomed commented, "We received a positive response in the Public Offer, on behalf of the Company, I would like to express our deepest gratitude to the investors for their recognition and support. In the future, we plan to continuously expand our portfolio of in-vitro diagnostics ("IVD") reagents through market-driven product development approach and improve our existing products to meet the demands of our customers and end users. We will fully utilize our market position and take advantage of business opportunities arising from the growing PRC IVD market."

    RHB Capital Hong Kong Limited is the Sole Sponsor; Lead Securities (HK) Limited is the Sole Lead Manager; Lead Securities (HK) Limited and Ever-Long Securities Company Limited are the Joint Bookrunners; Lego Securities Limited and Canfield Securities Company Limited are the Co-Lead Managers.


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

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    Integrates and establishes its global business in dyed woven fabrics; Enhances edges of its vertically integrated operations

    HONG KONG, Dec 12, 2018 - (ACN Newswire) - Texhong Textile Group Limited ("Texhong Textile" or the "Group"; stock code: 2678), one of the world's largest core spun yarn suppliers, formed a new joint venture company, Texhong Winnitex Holdings Limited ("Texhong Winnitex"), to acquire the entire equity interest in Winnitex Holdings Limited ("Winnitex"), Winnitex Limited ("Winnitex HK") and Zhejiang Qing Mao Weaving, Dyeing, Printing Co., Ltd. ("Zhejiang Qing Mao") (collectively "the Winnitex Group") at a total consideration of about HK$1.35 billion.

    The Winnitex Group is a renowned leading group in dyed woven fabrics industry. Through business reorganization, the entire business of the Winnitex Group and the Group's existing weaving and dyed woven fabrics businesses in Vietnam and Nicaragua will be integrated under Texhong Winnitex. Mr. Wai Chi Kwok, Jacob, will lead and manage the new joint venture with his experienced management team. The reorganization will lead to the establishment of a global vertically integrated industrial chain for the Group's dyed woven fabrics business, and the Group can also leverage its strategic advantages in Vietnam and the tax-free zone in Nicaragua, to generate tremendous synergies.

    Mr. Hui Tsz Wai, Executive Director of Texhong Textile, said, "Winnitex Group operates over 50 years in the industry and has a long track record of direct sales to large international fashion and workwear brands, and is well-known for its service, quality, reliability and innovation within the textile industry. This transaction will enable Texhong Winnitex to leverage experienced management team and extensive customer base, and significantly increase our annual production capacity of dyed woven fabrics by 90 million yards. Later on, the joint venture will lead to an increase in the scale of production in Vietnam and Nicaragua. The vertical integration of spinning, weaving and dyeing activities will establish a new milestone for the Group's dyed woven fabrics business. Benefitting from the resultant business integration and sharing of customer base, we are confident that the Group's capability to produce high-quality dyed woven fabrics in the PRC, Vietnam and Nicaragua and its profitability will be significantly enhanced."

    Based on the unaudited pro forma combined accounts of the Winnitex Group, the profit before and after tax for the year ended 31 December 2017 was approximately HK$259 million and HK$213 million respectively. Among the Winnitex Group, Winnitex operates as a holding company while Winnitex HK, wholly owned by Winnitex, principally engages in the sale, marketing and development of dyed woven fabrics in Hong Kong. Zhejiang Qing Mao, established in the PRC, primarily provides one-stop services, ranging from spinning, weaving, dyeing and finishing to the production of dyed woven fabrics.

    Texhong Winnitex has been set up for the purpose of the reorganization. Texhong Winnitex will be held 80% by the Group and 20% by Mr. Wai Chi Kwok, Jacob and Mr. Wai Chi Wah, Nelson. After deducting the cash received from the acquisition of 20% equity interest in joint venture shares, the net cash consideration to be paid by Texhong Textile will be less than HK$900 million. The joint venture's combined annual income will exceed RMB3.5 billion after production expansion in Vietnam and Nicaragua.


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

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    STOCKHOLM, SWEDEN, Dec 12, 2018 - (ACN Newswire) - CLX Communications AB, a global leader in cloud communications for customer engagement through mobile technology, today announced the appointment of Roshan Saldanha as its new Chief Financial Officer. Roshan joins CLX from a previous role as CFO of Tele2 Sverige AB, Sweden's second-largest telecom operator, and will assume his role at CLX on March 5, 2019.

    "I am very glad to welcome Roshan Saldanha to CLX. His experience from a larger, international enterprise will be a valuable addition as we continue to strengthen our business and prepare for future growth", says Oscar Werner, Chief Executive Officer of CLX Communications AB. "I also want to take this opportunity to thank Odd Bolin, our outgoing CFO, for his significant contribution over the past years."

    Roshan Saldanha joined Tele2 in 2007 and became CFO of Tele2 Sweden in 2016. Before Tele2, he worked on a range of international financial assignments for Arthur Andersen and the Kinnevik Group. He is a Chartered Accountant with the Institute of Chartered Accountants of India and holds a Masters of Commerce degree from the University of Mumbai.

    "I'm very glad to join CLX and contribute to its future progress. I see CLX as one of Sweden's most successful tech companies: in ten years, the business has grown to nearly 4 billion SEK in revenues with EBITDA well above 300 million SEK and close to 500 employees. It is a very impressive achievement and I much look forward to join the management team. The market is developing rapidly and CLX is well positioned with new and innovative products for rich media messaging, voice and personalized video", says Roshan Saldanha.

    For further information, please contact
    Thomas Heath
    Chief Strategy Officer and Head of Investor Relations
    CLX Communications AB (publ)
    Mobile: +46-722-45 50 55
    E-mail: thomas.heath@clxcommunications.com

    About CLX Communications

    CLX Communications (CLX) is a leading global provider of cloud-based communication tools for enterprises and mobile operators. CLX's mobile communication services enable businesses to quickly, securely and cost-effectively reach their customers through mobile messaging, voice and video. The CLX platform powers business-critical communications throughout the world, and the company has grown profitably since its foundation in 2008. The Group is headquartered in Stockholm, Sweden, and has presence in a further 20 countries.

    CLX Communications' shares are traded at NASDAQ Stockholm: XSTO: CLX.

    Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation. This information was submitted for publication under the auspices of the above contact on 12 December 2018 at 08:45 CET.

    121218_New_CFO_ENG: http://hugin.info/173289/R/2228642/875333.pdf

    ###

    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: CLX Communications AB (publ) via Globenewswire

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

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    Brands' Challenges 2019 chart
    Strategic priorities plus tech and media challenges for the year ahead

    LONDON, Dec 12, 2018 - (ACN Newswire) - WARC, the global authority on advertising and media effectiveness, has today released Marketer's Toolkit 2019, an annual report outlining the priorities of, and challenges facing, brands in the year ahead - as well as guidance on how to meet them.

    The report is centred on a survey of more than 800 senior marketing and advertising professionals from around the world and takes an in-depth look at strategic priorities, technology and media challenges.

    Also included are interviews with nine leading marketers, such as Fernando Machado (Burger King), Freddie Covington (APAC Visa), Mark Evans (Direct Line) and Lisa Ronson (Tourism Australia) as well as examples, best practice guidance and a round-up of what this all means for brands, media owners and agencies.

    Major insights highlighted in WARC's Marketer's Toolkit 2019 are:

    Strategic Priorities: 'Experience' will drive the marketing agenda, and shape tech investment

    Marketers see improved customer experience - both online and offline - as key to kick-starting growth and restoring trust in brands. In particular, they are responding to disruption of their categories by so-called 'direct-to-consumer' brands. This agenda means tech investment is focused on data, and in particular how data and machine learning can be used to drive relevance and personalisation in communications.

    WARC key data: 61% of agencies and 52% of brands cited CX as the most important digital transformation for business in 2019. Only 15% of brands say their CX is aligned across channels.

    Jalin Wu, Chief Marketing Officer, Uniqlo China, says: "Always go back to understand the customer. The customer is our need. We are not just presenting ourselves as apparel, we are presenting ourselves as a solution for people to have a better life."

    Technology: Voice and payment tech are gaining traction, but there is less interest in AR and VR

    Compared with the results of last year's Toolkit survey, there is more interest among marketers in voice - principally, voice search - and also more interest in payment technology as brands look to expand in e-commerce. There is less interest in areas such as augmented and virtual reality, where arguably there is still need for a 'killer' marketing application.

    WARC key data: 29% of brands named voice as a priority for 2019, up 12 percentage points from last year's survey; 23% named AR/VR, down 13 points.

    Lisa Ronson, Chief Marketing Officer, Tourism Australia, says: "Like most big marketers and advertisers, we're looking at the role of voice and how we can continually make that user experience a whole lot better."

    Media: Video and search platforms are set to benefit from spending shift

    Video, search and mobile are set to see continued growth in marketing investment. Instagram and YouTube are set to benefit from the shift to video (though marketers appear to be cooling on Snapchat). Marketers also appear to welcome the emergence of Amazon as a search platform, with a majority planning to increase spend on the e-commerce site.

    WARC key data: 79% of marketers expect to increase their online video budgets; 69% plan to increase spend on Amazon.

    Summing up, David Tiltman, Head of Content, WARC, says: "The Toolkit reports of the last two years have been dominated by technology trends; 2019 feels different. It feels like a year of getting the fundamentals right, and using tech where necessary to achieve that end. Brands clearly view 'experience' as a form of competitive advantage - and the tech that can help them improve customer experience across channels is being prioritised."

    WARC's Marketer's Toolkit 2019 is available now to WARC subscribers on www.warc.com/Topics/Toolkit.topic. A free sample PDF of the report is available to download here. Four in-depth reports on Toolkit topics will also be released early next year: Being effective in short-form video, The diversification of search, CX: online to offline, and In-housing: here to stay? A round-up Marketer's Toolkit webinar will also follow.

    About WARC

    - Your global authority on advertising and media effectiveness

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

    WARC runs two global and two regional case study competitions: WARC Awards, WARC Media Awards, WARC Prize for Asian Strategy and WARC Prize for MENA Strategy.

    WARC publishes three global rankings of advertising excellence: Gunn 100 (creativity), WARC 100 (effectiveness), Gunn Media 100 (media innovation) and publishes leading journals including Admap, Market Leader, the Journal of Advertising Research and the International Journal of the Market Research Society. In addition to its own content, WARC features advertising case studies and best practices from more than 50 respected industry sources, including ARF, Effies, Cannes Lions, ESOMAR and IPA.

    Founded in 1985, WARC has offices in the UK, U.S. and Singapore. In June 2018 WARC was acquired by Ascential plc, the global specialist information company.

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

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

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    The first Pratt & Whitney GTF PW1200G assembled by MHIAEL
    TOKYO, Dec 13, 2018 - (JCN Newswire) - Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), and Mitsubishi Heavy Industries Aero Engines Ltd. (MHIAEL) recently achieved a significant production milestone on the Pratt & Whitney GTF PW1200G engine, powering the Mitsubishi Regional Jet (MRJ), Japan's first jet aircraft developed by Mitsubishi Aircraft Corporation (Mitsubishi Aircraft). The first PW1200G engine assembly was completed at MHIAEL facility in Komaki, Japan, and successfully passed Pratt & Whitney's production acceptance test. The first engine produced at the facility is designated to be used in the MRJ flight test program. These are important accomplishments on the road to PW1200G production readiness.

    "Thanks to extensive and close cooperation with Pratt & Whitney, MHIAEL is developing a facility in Komaki to perform final assembly of the PW1200G engine powering the MRJ," says Katsuyuki Shimauchi, President & CEO, Mitsubishi Heavy Industries Aero Engines, Ltd. "We're gearing up intensely as we prepare for production by building the capacities and expertise we need to perform this critical work. Our facility is in the process of obtaining approval from the U.S. Federal Aviation Administration to produce these engines."

    The MHIAEL facility, located in Komaki, Japan, will be one of two production assembly and test sites for the PW1200G engine. The engine is also assembled and tested at Pratt & Whitney's Mirabel Aerospace Center in Canada. MHIAEL was established in 2014.

    "The assembly and test of the first PW1200G engine at MHIAEL in Komaki is a key milestone for the PW1200G program," said Graham Webb, Vice President, Pratt & Whitney commercial engine programs. "We greatly appreciate our long-standing partnership and high level of collaboration with the MHI Group. Congratulations to the MHIAEL and Pratt & Whitney teams that ensured this achievement was successfully accomplished."

    The MRJ is Mitsubishi Aircraft's next generation regional jet, powered exclusively by Pratt & Whitney GTF engines. The MRJ aircraft is currently flight testing and Mitsubishi Aircraft anticipates the first delivery in mid-2020. The GTF engine's geared fan architecture enables double digit reductions in fuel consumption, noise footprint and regulated emissions. Pratt & Whitney is investing more than $2.5 billion in 21st century manufacturing and aftermarket technology to transform its U.S. and global footprint.

    About Mitsubishi Heavy Industries, Ltd.

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

    For more information, please visit MHI's website: https://www.mhi.com
    For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.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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    The World's First Deal to Reform Traditional Lottery

    Isle of Man, Dec 13, 2018 - (ACN Newswire) - Quanta has signed contracts to acquire a stake in International Lottery and Gaming Limited (ILGL), and concluded the world's first deal to see a blockchain company acquire a traditional lottery company.

    The acquisition will usher in an era where innovation sits alongside tradition, injecting the power of blockchain technology into the lottery business. Quanta sees this ambitious move as an opportunity to reinforce and extend its efforts to promote blockchain starting with Nigeria where ILGL is rooted, and very soon afterwards expand to other countries in Africa.

    ILGL, trade-named NaijaLotteryTM has been granted a Grade A National License from the National Lottery Regulatory Commission to offer lottery games throughout the country. This deal will see Quanta and ILGL combining their forces and introducing the application of blockchain technology to revitalize traditional lottery and to act as a platform for growth in Africa.

    "Now is the time to build on the momentum of the traditional Nigerian lottery market. Together, we will continue to build a safe and trusted platform that ensures fairness and transparency, while offering amazing functionality to players and helping to boost the local economy.

    "We believe we are carving out a bright future for the players and to the industry as a whole." said Kostas Farris, Group CTO of Quanta.

    "This is a profound opportunity to bolster the rapidly-evolving lottery business. We are confident that we can make blockchain lottery popular and this acquisition represents a significant base for Quanta to target other emerging markets centered in Africa.

    "We aim to build up a blockchain-based ecosystem that will serve the gaming industry whilst stimulating the growth of the local economy through generating new businesses and employment opportunities." Kostas added.

    Commenting on behalf of ILGL, Charbel Saadeh, Managing Director of Naija Lottery said, "ILGL has provided popular and entertaining games to the Nigerian players; it is highly respected in the gaming industry and we are very excited to collaborate with Quanta. The acquisition is a historic announcement. This is a combination of expertise - the integration of blockchain lottery with local operation, to create an even more compelling experience to optimize lottery playing for the 200-million Nigerian market."

    NaijaLotteryTM launched operations on 7 March, 2016 by offering the popular 5 out of 90 game as well as the highly exciting instant game 1 of 36, both games aim to offer fun and excitement to all its Nigerian players. Quanta witnessed ILGL's highly established position in the Nigerian lottery market, and is looking to progressively build a platform fully enhanced with advanced technology to accelerate market access with the joint efforts of Quanta and ILGL, paving the next step in the company's evolution to unleash the great potentials of the blockchain technology.

    The Nigeria lottery industry has undergone strong growth in recent years and is considered as one of the most lucrative business opportunities in the world. It is a major source of wealth distribution in the country, while the role of cryptocurrencies continues to garner national-level attention.

    About Quanta
    Quanta PLC is an innovative blockchain-oriented company, that utilizes smart contracts in order to ensure fully automated and transparent blockchain-powered solutions.

    Quanta PLC owns Quanta Technology Limited the operator of the world's first licensed, blockchain-based gaming company on the Ethereum platform. Its products, including gaming platform, random number generator, token-centric payment gateway and game wallet are blockchain powered and certified to ensure utmost trust and transparency in the gaming industry. The company employs Smart Contracts to offer full automation and integrity to lotteries.

    With the support of QNTU, the utility token, Quanta leverages services to strengthen customers engagement. QNTU is currently trading on five renowned cryptocurrency exchanges such as Lykke, HitBTC, Bit-Z, Cryptopia and BitoPro.

    For more information, please follow our telegram https://t.me/quantaofficial
    visit https://quanta.im, https://quantaplc.im or www.myquanta.im for Quanta's lottery product.
    Facebook https://www.facebook.com/quantalottery
    Instagram https://www.instagram.com/quanta_plc/
    Linkedin https://www.linkedin.com/company/13465831/

    About International Lottery and Gaming Limited
    International Lottery and Gaming Limited (ILGL) is a privately-owned company established in Nigeria, which has been granted a Grade A National License from the National Lottery Regulatory Commission to offer lottery games throughout the country. NaijaLotteryTM launched operations on 7 March, 2016 by offering the well-known 5 out of 90 game as well as the additional and highly exciting instant game, 1 of 36, which is aim to offer fun and excitement to all its Nigerian players.
    For more information: http://naijalottery.com/en/home

    For media enquiry, please contact:
    Konstantinos Farris
    contact@quanta.im
    +44 (0) 1624 671020


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

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    TOKYO, Dec 13, 2018 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) headquarters will relocate to a new office space in Tamachi, Tokyo from January 7, 2019 due to the reconstruction of the current office building.

    Located in msb Tamachi- Tamachi Station Tower S Building - directly connected with JR Tamachi Station Shibaura Exit, the new headquarters will improve employee productivity, performance and motivation by offering an ideal workplace along with improved IT environment and tools. MMC is promoting work reform and diversity to foster work-life balance for employees, including those who take childcare or nursing care.

    New Office Address, as of January 7, 2019:
    24/F to 30/F
    msb Tamachi - Tamachi Station Tower S
    1-21, Shibaura 3-chome, Minato-ku, Tokyo 108-8410
    (Reception desk is located on the 3rd floor)

    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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    - Paving the way for solving combinatorial optimization problems in mobility, finance, drug discovery, and a variety of other industrial fields -

    TOKYO, Dec 13, 2018 - (JCN Newswire) - NEC Corporation, Tokyo Institute of Technology, Waseda University, and Yokohama National University have been selected to participate in the "Project for Innovative AI Chips and Next-Generation Computing Technology Development," a new project launched by the New Energy and Industrial Technology Development Organization (NEDO)(1). Also participating in this project will be the National Institute of Advanced Industrial Science and Technology as NEC's joint implementation partner and Kyoto University as NEC's subcontractor.

    This project is aimed at contributing to the promotion of high-efficiency, high-precision social systems for Society 5.0 by realizing a high-speed, high-precision optimization solution platform that can be used to address real problems facing all industrial domains through the integration of quantum annealing machines and common software infrastructure.

    Project participants will not only be tackling coherence time and integration--two of the issues plaguing quantum annealing machines, which are expected to be a breakthrough in terms of providing fast solutions to combinatorial optimization problems, but also developing elemental technologies to succeed in the domestic production of a quantum annealing machine.

    In addition to endeavoring to realize a quantum annealing machine through superconducting parametron device development, three-dimensional integration technology, and signal reading/control as well as theoretical studies and simulations supporting them, the four participating organizations will work in close coordination with those charged with the task of developing software infrastructure for application and software layers in this project commissioned by NEDO (i.e., Research and Development of Common Software Platform for Ising Machines; representative entity: Waseda University) to achieve mutual optimization and bring to fruition the strong unification of both sides.

    In Society 5.0, which has been proposed by the Japanese government, IoT will be used to organically combine social systems with cloud computing.

    The world's first proposal for a solution to combinatorial optimization problems through the use of a quantum annealing machine was made by Hidetoshi Nishimori, one of the co-proponents of this new research and development project, and Tadashi Kadowaki of Tokyo Institute of Technology in 1998(2). The addition of a completely new calculation principle to cloud computing made possible with a quantum annealing machine is expected to enable optimization problems like those that have up until now relied on approximate solutions with low precision due to time constraints to be solved in a short period of time and with high precision.

    However, as current quantum annealing machines are not yet in completed form, there is a need to address both of the issues associated with present superconducting quantum annealing devices--that is, quantum coherence(3) and integration, which are regarded as the foundation for high-speed calculation.

    As the representative entity for this project, NEC is developing new quantum devices to overcome the issues of quantum coherence and integration(4). The company has already demonstrated double-digit improvement(5) of the amount of time quantum coherence can be maintained, which is expected to lead to improved calculation accuracy and speed. Going forward, NEC will continue working to develop multi-bit quantum devices and demonstrate the complete coupling method among other efforts.

    Research Structure and Roles

    1. Research and development of a high-coherence superconducting parametron annealing device
    [Parties in charge: NEC, National Institute of Advanced Industrial Science and Technology]
    2. Research and development of three-dimensional mounting technology supporting the shift to multi-bit
    [Parties in charge: NEC, National Institute of Advanced Industrial Science and Technology]
    3. Research and development of a highly efficient expression method for n-body interaction
    [Party in charge: Tokyo Institute of Technology]
    4. Research and development related to quantum annealing mechanism design optimization technology
    [Party in charge: Waseda University]
    5. Research and development of a quantum bit control/readout circuit using a quantum flux circuit
    [Party in charge: Yokohama National University]
    6. Research and development of performance evaluations for quantum annealing through high-speed parallel simulation of quantum dynamics
    [Parties in charge: NEC, Kyoto University]

    Notes:
    (1) Regarding the finalization of an implementation system for the "Project for Innovative AI Chips and Next-Generation Computing Technology Development" http://www.nedo.go.jp/koubo/IT3_100063.html (Japanese site)
    (2) Tadashi Kadowaki and Hidetoshi Nishimori, "Quantum annealing in the transverse Ising model," Physical Review E, Nov. 1998.
    (3) Quantum coherence:
    In quantum mechanics, the state of a system is described by wave function and is a state of superposition in which different vibration states are superimposed like waves on the surface of water or string vibrations. In quantum computing, the parallelism of computation using this state of superposition is utilized. Quantum coherence refers to the nature of quantum mechanical waves enabling a state of superposition like this.
    (4) New quantum device
    (5) According to NEC research.

    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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    Hong Kong Trade Development Council (HKTDC) Director of Research Nicholas Kwan (L), and HKTDC Assistant Principal Economist (Greater China) Alice Tsang (R) announce the HKTDC Export Index for the fourth quarter of 2018 along with the HKTDC export forecast for 2019
    Cautiously Optimistic Outlook Despite Anticipated Challenges

    HONG KONG, Dec 13, 2018 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) today published its annual export forecast, saying it expects Hong Kong exports to increase 5% in value and 3% in volume in 2019. Meanwhile, the latest HKTDC Export Index for the fourth quarter of 2018, also published today, edged down slightly on the previous quarter, showing that exporters remain uncertain in the short term over the impact of continuing trade friction between the United States and Mainland China.

    HKTDC Director of Research Nicholas Kwan said Hong Kong's total exports grew 9.8% year on year to HK$3,455.8 billion in the first 10 months of 2018, driven by strong global demand and some exporters' arrangements for early shipments to pre-empt tariff implementation. Exports to emerging markets showed more impressive growth, including emerging markets in Europe (+34%), Latin America (+16%) and Africa (+16%).

    "The global economy could see increasing uncertainty and slower growth in the year to come," Mr Kwan said. "However, there have been some positive developments recently - progress made in the Sino-US trade negotiations, for example, and the way Hong Kong exporters have proactively found ways to offset the impact of the trade friction - that make us cautiously optimistic regarding the prospects for Hong Kong's export performance."

    Growth Forecast for Hong Kong Exports
    ----------------------------------------------------------------------
                                     Value    Volume    Unit value change
    ----------------------------------------------------------------------
    2018 (estimate)                  +9.0%     +6.4%                +2.6%
    2019 (forecast)                  +5.0%     +3.0%                +2.0%
    ----------------------------------------------------------------------
    
    Export Index Downtrend Flattens Out

    The HKTDC Export Index monitors the current export performance of Hong Kong traders and gauges their near-term prospects. Readings above and below 50 indicate positive and negative sentiment, respectively. HKTDC Assistant Principal Economist (Greater China) Alice Tsang said the reading for the final quarter of 2018 edged down slightly by 0.6 points to 35.2, following the largest quarterly drop recorded in the previous quarter (down 18.3 points to 35.8). "The flattening of the decline shows that exporters' negative emotions have not further deteriorated amid the ongoing Sino-US trade friction," Ms Tsang said.

    Hong Kong exporters remain cautious in the short-term, with all industry sub-indexes staying below 50 - that is, in contractionary territory - in the fourth quarter. Electronics, which accounts for nearly 70% of Hong Kong's exports, showed a small rebound from 35.4 to 35.9 but the readings for all other industry sub-indexes declined. A number of categories showed steeper-than-average declines, including toys (43.6, down 24.3 points), timepieces (34, down 9.5 points) and jewellery (30.5, down 8 points).

    Confidence in all markets stayed below 50 this quarter. Exporters were most confident about the Japan market (47.3), with the Mainland China (44.7) and European Union (41.8) markets ranking second and third respectively. The US ranked last, although its reading edged up from 39.8 to 41.5.

    The Impact of Sino-US Trade Friction

    Tariffs imposed by the US and Mainland China this year gradually began to have an impact on local businesses. Ms Tsang said: "In the fourth quarter, around 47% of respondents believed the trade dispute had adversely affected their export businesses, an increase of 10 percentage points from the previous quarter." She added that 66% of the respondents saw buyers ordering less, while 46% of respondents agreed that buyers were using the trade dispute as a means to bargain on price, compared with just 18% in the previous quarter.

    On the other hand, Hong Kong exporters have been proactively finding ways to combat the potential negative effects of the trade dispute, with respondents more willing to engage in long-term diversification strategies. Most respondents (66%) had explored the possibility of developing markets outside the US. Other exporters were looking to enhance the competitiveness of their products (39%), or even move their production/sourcing base away from Mainland China (27%).

    Strong Market Potential for IT-related Products

    Local businesses hold diverse views regarding export prospects. Some 51% of exporters expect their sales to increase or remain unchanged over the coming year, while 57% believe their unit prices will increase or remain unchanged. Ms Tsang pointed out that information technology-related products, such as e-sport games and smartwatches that are compatible with electronic payment, are more likely to enjoy positive prospects. She identified some of the bright spots across different industries:

    * Electronics: Robots and e-sports products are expected to be in strong demand.

    * Toys: Prospects for the market hinge on whether there will be a release of new game console models in the near-term. The markets for e-sports and smartphone games are both on the rise.

    * Watches and Clocks: The rapid development of electronic payment could further boost global demand for wearable tech.

    * Jewellery: Demand for gold jewellery is likely to be propped up by the consumer appetite for gold in major markets such as Mainland China and India. Other jewellery, including platinum and diamonds, may also remain popular.

    * Clothing: Rising operating costs, especially in Mainland China, and the continued diversification of production facilities to South and Southeast Asian countries, are likely to lead to Hong Kong's clothing exports being undercut.

    Reference
    HKTDC Research website: http://research.hktdc.com/
    Hong Kong Export Index 4Q18: Mounting Concerns over China-US Trade Friction: https://bit.ly/2zVvccy
    Hong Kong Export Outlook for 2019: Cautiously Optimistic Amid Lingering Trade Tensions: https://bit.ly/2EtKKbp
    Photo Download: https://bit.ly/2zVtNTr

    Podcast
    Hong Kong Export Outlook 2019: http://www.hktdc.com/info/podcast/v/en/en/1X04D9CX/

    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:
    Angel Tang, Tel: +852 2584 4544, Email: angel.hc.tang@hktdc.org Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org

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

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    - Exhibiting a test chip using a DFP and its test board at the 11th AUTOMOTIVE WORLD -

    TOKYO, Dec 13, 2018 - (JCN Newswire) - NSITEXE Inc., a next-generation semiconductor IP core design and development subsidiary of DENSO Corporation, will join the 11th AUTOMOTIVE WORLD to be held at Tokyo Big Sight from Wednesday, January 16 to Friday, January 18, 2019.

    At the event, NSITEXE will exhibit a test chip that uses a semiconductor IP core (Data Flow Processor: DFP) that it is developing, as well as a test circuit board.

    Since being established in September 2017, NSITEXE has been building partnerships with companies including ThinCI Inc. a North American startup with key technology for high-performance semiconductors, to accelerate the development of the DFP. NSITEXE has developed a system on a chip (SoC) to demonstrate the performance of the DFP and a circuit board to activate this SoC, and begun their trial production. Moreover, NSITEXE plans to start demonstration tests on the DFP, using these test chip and circuit board in the spring of 2019.

    In addition to a DFP, the new SoC has two types of CPUs and multiple interface functions. Demonstration tests will be conducted to check how a DFP works when used in a vehicle and when used with different embedded system applications, as well as to improve the performance of next-generation DFPs.

    NSITEXE will continue to offer better semiconductor technology that brings more benefits to society.

    For inquiries regarding this document, please use the contact form on NSITEXE's at https://nsitexe.com/

    About NSITEXE, Inc.

    NSITEXE, Inc., a subsidiary of DENSO Corporation since 2017 and headquartered in Tokyo, is a leading developer of semiconductor intellectual property (IP) cores. NSITEXE's advanced semiconductor components are key for in-vehicle environment and safety technologies, such as advanced driving assistance systems and automated driving in next-generation vehicles. DENSO has long refined in-vehicle semiconductor technologies and NSITEXE continues its mission to develop the advanced technologies delivering an environmentally friendly, safe and secure automotive society. Beyond automotive, NSITEXE's powerful yet efficient semiconductor processors and sensors can be applied to industrial settings, smart homes and more. For additional information, go to nsitexe.com/en/.

    About Denso

    DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has more than 220 subsidiaries in 35 countries and regions (including Japan) and employs approximately 170,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2018, totaled US$48.1 billion. Last fiscal year, DENSO spent 8.8% of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

    For more information, please go to www.denso.com.
    Visit our media website at www.denso.com/global/en/news/media-center/.

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

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

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    From left to right: Ms. Li Yuping (General Manager & Executive Vice President), Ms. Cui Meijian (Executive Director), Mr. Ji Guang (Chairman, Executive Director & Chief Executive Officer), Ms. Ji Ling (Executive Director, Vice Chairman & Financial Controller) and Mr. Stephen So (Chief Executive Officer & Executive Director of Innovax Securities Limited)
    Offers a Total of 54,000,000 Shares;
    Offer Price to Range from HK$2.8 to HK$3.4 per Share

    HONG KONG, Dec 13, 2018 - (ACN Newswire) - Sino Gas Holdings Group Limited ("Sino Gas" or the "Group"), an integrated LPG and natural gas supplier in the PRC, has announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK"). The Group is primarily engaged in providing petroleum gas and natural gas products in Guangdong Province, Henan Province and Jiangxi Province in China through its liquefied petroleum gas (LPG), compressed natural gas (CNG) and liquefied natural gas (LNG) vehicular refuelling stations, LPG domestic stations and CNG mother stations.

    Offering Details

    Sino Gas intends to offer a total of 54,000,000 shares through the global offering, including 48,600,000 international placing shares (subject to reallocation and the over-allotment option) and 5,400,000 Hong Kong public offer shares (subject to reallocation). The indicative range of the offer price is HK$2.8 to HK$3.4 per share. After deducting the underwriting fees paid and payable in connection with the global offering and estimated expenses and assuming an offer price of HK$3.1 per share, being the mid-point of the indicative offer price range of HK$2.8 to HK$3.4 per share, net proceeds from the global offering are estimated to be approximately HK$134.3 million.

    The Hong Kong public offer is anticipated to commence at 9 am on 14 December 2018 (Friday) and end at 12:00 noon on 19 December 2018 (Wednesday). The final offer price and the results of the allocation are expected to be announced on or by 27 December 2018 (Thursday). Trading of shares will commence on the Main Board of SEHK on 28 December 2018 (Friday) under the stock code 1759. Shares will be traded in board lots of 1,000 shares each.

    Innovax Capital Limited is the Sole Sponsor of the listing and Innovax Securities Limited is the Sole Global Coordinator. Innovax Securities Limited and Victory Securities Company Limited are the Joint Bookrunners. Innovax Securities Limited, Victory Securities Company Limited, Pulsar Capital Limited and China Goldjoy Securities Limited are the Joint Lead Managers of the listing.

    Investment Highlights

    Benefit from the opportunities arising from the sustainable development of industry and favorable policy support from the government

    According to Frost & Sullivan Report, China is determined to transform its fuel consumption pattern to be more environmentally-friendly and thus has greatly elevated its consumption of LPG and natural gas. The Chinese government has launched multiple government policies to support LPG and natural gas infrastructure. Facilitated by favorable government policies such as the "Changing Fuels from Coal to Gas Policy" and the "Notice on Opinion of Accelerating and Advancing the Utilization of Natural Gas", the demand for CNG is expected to have further expansion with more infrastructure construction. Sino Gas' operations have been strategically located in Guangdong and Henan Province, with a huge consumption level of LPG and natural gas respectively in both provinces. The Group believes that the sustainable and rapid development of the LPG and natural gas industry in these areas will provide great potential for its growth.

    An integrated LPG and natural gas suppliers in the PRC with a complete industry chain

    The Group ranked third in the LPG vehicular refuelling market in Guangdong Province and first in the CNG vehicular refuelling market in Zhengzhou City, Henan Province, with a market share of approximately 17.6% and 25.0% respectively. Sino Gas has established a complete industry chain, from procurement, intermediary logistics operations to downstream operational services of stations. It has more than 13 years of extensive industry experience in the gas industry. Through JM Xinjiang Gas, a jointly controlled entity, the Group possesses an integrated terminal and storage facilities which are the only terminal designated for LPG products in Jiangmen City, Guangdong Province, and possesses the largest LPG storage facilities in Ganzhou City, Jiangxi Province. These two storage facilities also possess refuelling capabilities in order to bottle the LPG for downstream sales at its LPG domestic stations. Furthermore, the Group possesses a dedicated LPG railway line in Ganzhou City which is used to transport LPG from the Beijing-Kowloon railway to its storage facilities. In addition, the Group can better control over the delivery arrangement to ensure timely delivery of its products to its respective stations through its own logistics team and vehicle fleet. The Group has six LPG vehicular refuelling stations, two LPG domestic stations and one LNG vehicular refuelling station in Guangdong Province. It also has, through its subsidiaries and a jointly controlled entity, 12 CNG vehicular refuelling stations and two CNG mother stations in Henan Province, as well as one LPG domestic station in Jiangxi Province. In addition, Sino Gas has strategically placed the gas stations at transportation hubs or near highways or major roads in Guangdong and Henan Province with high traffic flow in order to maximize business opportunities. The Group's complete industrial chain not only ensures a continuous supply of LPG and natural gas to customers, but also effectively controls and manages operation costs, product and service quality, and transportation safety.

    Competitive cost advantage in LPG procurement resulted from long-term business relationship with major suppliers, economies of scale and LPG storage capacity

    Regarding the LPG business in Guangdong Province, Sino Gas has established long-term stable business relationships with LPG suppliers in Southern China, enabling it to import LPG from overseas. It also operates two leased LPG storage facilities in Dongguan City and Nansha District in Guangdong Province, with a total storage capacity of its owned and leased LPG storage facilities of around 10,140 tonnes in aggregate. For the six months ended 30 June 2018, the Group's monthly average leased storage volume at its suppliers amounted to approximately 8,002 tonnes. Leveraging its storage capacity, the Group can help effectively manage the inventory and flexibly arrange procurement, including procuring a large volume of LPG from suppliers for selling. Capitalizing on its scale of operation and long-term business relationship with major suppliers, the Group can secure a steady supply of LPG for daily operations and enjoys strong bargaining power and cost advantage in LPG procurement.

    Entrenched business relationship with PetroChina for CNG procurement in Henan Province

    The Group believes that a reliable and uninterrupted supply of natural gas from PetroChina is crucial to its CNG business in Henan Province. Therefore, with CNG mother stations in Zhumadian City and Xinzheng City, Henan Province, the Group has entered into a long-term CNG supply agreement with PetroChina. The Group expects that after the new mother station in Xinzheng City starts operation, its natural gas can also be procured through its own pipeline via the "West to East Gas Transmission" scheme, and direct procurement can reduce transmission cost and its procurement cost accordingly.

    Experienced, stable and professional management team

    Mr. Ji, Chairman of the Board of Directors and Executive Director of Sino Gas, has around 12 years of experience in the oil and gas sector, while other Executive Directors have an average of approximately seven years of experience in this sector. With abundant experience and expertise in the natural gas sector of the management team, the Group can consolidate its presence as an integrated up- and downstream LPG and natural gas supplier in Guangdong Province and Henan Province, formulate effective commercial strategies and explore potential business opportunities in the energy sector and other commercial opportunities.

    Business Strategies

    Sino Gas has strived to strengthen its presence as an integrated LPG and natural gas supplier with a complete industrial chain in Guangdong Province and Henan Province. To achieve this goal, regarding its LPG business, the Group has seized the business opportunities from the sustained growth of LPG consumption from residential and commercial users in Guangdong Province. It plans to expand the network of its LPG domestic stations, CNG and L-CNG vehicular refuelling stations, and to increase its LPG logistics and storage capacity by constructing additional storage capacities.

    As for the CNG and LNG businesses, the Group plans to acquire land, equipment and machinery for the new CNG mother station, conduct related installation, explore opportunities for vertical integration, reinforce its market presence and enhance its competitiveness in Henan Province.

    Sino Gas plans to build new gas stations, procure requisite equipment and machinery for its new L-CNG, CNG and LNG vehicular refuelling stations, conduct related installation, and maintain its existing gas stations, so as to further consolidate its market share and serve more customers. The Group is also expanding its fleet to further increase its logistics service capacity, so as to cope with the constantly rising demand for LPG and natural gas.

    Use of Proceeds
    Assuming that the over-allotment option is not exercised, and the offer price is HK$3.1 per share (i.e. the mid-point of the indicative price range of HK$2.8 and HK$3.4 per share), after deducting the paid and payable underwriting commission and estimated total expenses of the global offering, the net proceeds from the global offering is expected to reach approximately HK$134.3 million and will be used as outlined below:

    Purposes / Percentage

    Complete construction, purchase land, equipment and machineries for the new CNG Mother Station: 23.0%
    Construct new stations, purchase and install the requisite equipment and machineries, and maintain existing stations: 20.0%
    Construct storage facilities to strengthen LPG logistics and storage capacity: 18.0%
    Acquire operational rights of a LPG domestic station: 17.0%
    Purchase vehicle fleet to expand logistics capacity: 12.0%
    For general working capital: 10.0%
    Total: 100%

    About Sino Gas Holdings Group Limited
    Sino Gas Holdings Group Limited is an integrated LPG and natural gas supplier in the PRC with a complete industrial chain and over 13 years of rich experience in the industry. It provides different types of petroleum and natural gas products in Guangdong, Henan and Jiangxi Province through liquefied petroleum gas (LPG), compressed natural gas (CNG) and liquefied natural gas (LNG) vehicular refuelling stations, LPG domestic stations and CNG mother stations. According to Frost & Sullivan, the Group ranked third in the LPG refuelling market in Guangdong Province and ranked first in the CNG refuelling market in Zhengzhou City, Henan Province.


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

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    - Combined strategic investments accelerate production and expand portfolio of plant-based proteins, including pulse flours, concentrates and isolates
    - Investments establish manufacturing capabilities for Company's newest strategic growth platform

    WESTCHESTER, Ill., Dec 13, 2018 - (ACN Newswire) - Ingredion (NYSE: INGR), a leading global provider of ingredient solutions to diversified industries, today announced several steps to accelerate production of plant-based proteins globally. The combined $140 million of strategic investments will further position the Company with an expanded, broad range of plant-based protein solutions to support increased global demand. As a result, two North American manufacturing facilities will produce pea-protein isolates and a range of pulse-based flours and concentrates in 2019.

    Strategic Investments:

    1. In February 2018, the Company purchased a soy processing facility in South Sioux City, Nebraska and is making significant capital investments to transform the site to produce protein isolates from peas with expansion plans to include production of isolates from other pulses as well. Once the investments are completed, this facility will produce ingredients that enhance the Company's current VITESSENCE(R) Pulse protein isolate line, to include higher protein isolates primarily for the nutrition, health and wellness categories.

    2. The Company is also announcing today that it has entered into a joint venture agreement with Verdient Foods, Inc., a Canadian company based in Vanscoy, Saskatchewan, jointly owned and operated by Oscar(R) winning film director James Cameron and Suzy Amis Cameron and a local Saskatchewan family office - PIC Investment Group. Investments are being made within the existing facility to make pulse-based protein concentrates and flours from peas, lentils and fava beans for human food applications.

    "We've identified plant-based proteins as a high-growth, high-value market opportunity that is on-trend with consumers' desire to find sustainable and good tasting alternatives to animal-based proteins," said Ingredion's president and chief executive officer Jim Zallie. "We're excited by what these investments represent for Ingredion. Being a sustainable and trusted source of plant-based proteins provides us with another major ingredient platform to complement our offerings in clean label, wholesome, texture and nutritional ingredient solutions."

    Jim Cameron stated: "We've found a great partner in Ingredion. They share our vision for plant-based proteins and other ingredients from pulses, and with their resources, expertise and world-wide reach, together we can be leaders in the new wave of global food production. This is also a huge opportunity for Canadians, especially in the prairie provinces, to add value locally to their vast agricultural production."

    Growing Plant-Based Protein Market:

    An increased number of consumers are switching to plant-based diets for many reasons, including: protecting animals, preserving the environment, general health concerns or changing taste preferences. As more consumers seek these alternatives, the market for plant-based proteins is rapidly growing and extending beyond North America and to sources beyond soy and wheat protein. The global market for non-soy, gluten-free plant-based proteins is projected to be $1.5 billion by 2022. As a result, manufacturers are looking at plant-based proteins that offer functional, sustainable and nutritional attributes, inclusive of non-GMO and certified organic options.

    "More consumers are looking for products with clean and simple labels, offering specific health and nutrition benefits that taste great," said Tony DeLio, senior vice president of corporate strategy and chief innovation officer at Ingredion. "Meeting the nutritional needs and achieving the right functional requirements will require a broad range of protein alternatives that are sustainable, affordable and great tasting. By combining our expertise in product formulation with an expanded plant-based product portfolio, we're well positioned to deliver a breadth of ingredient solutions for our customers around the world."

    "We look forward to working with Verdient Foods, Inc. and leveraging their sustainable sourcing practices for Canadian pulses," added Zallie. "Our investments in Nebraska and Saskatchewan represent an exciting new chapter for Ingredion as an innovative ingredient solutions provider."

    ABOUT THE COMPANY

    Ingredion Incorporated (NYSE: INGR) headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With 2017 annual net sales of nearly $6 billion, the company turns grains, fruits, vegetables and other plant materials into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating, brewing and other industries. With Ingredion Idea Labs(R) innovation centers around the world and more than 11,000 employees, the Company develops ingredient solutions to meet consumers' evolving needs by making crackers crunchy, yogurt creamy, candy sweet, paper stronger, and adding fiber to nutrition bars. For more information, visit Ingredion.com.

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

    ###

    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: Ingredion Incorporated via Globenewswire

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

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    Researchers are investigating ways to improve lipid extraction from microalgae to make biofuels. (Copyright: 123rf/Akhararat Wathanasing)
    Direct electrolysis has mixed results for extracting fuel sources from microalgae.

    Selangor, Malaysia, Dec 14, 2018 - (ACN Newswire) - Researchers are investigating ways to improve biodiesel production by using electrical fields to break open microalgae cells, with varied results, according to a new study in the Pertanika Journal of Science & Technology.

    Lipids inside microalgae are a promising source of biofuel. Microalgae cells must first be broken apart in order to extract the lipids. Conventional technologies are energy intensive and time consuming, so a group of researchers from Universiti Malaysia Sabah investigated a novel method using direct electrolysis.

    During electrolysis, cells are disrupted when electric field forces overcome the interactions which hold membranes together, resulting in the formation of pores in the cell membrane. In this study, the researchers passed the microalga Chlorella sp. through electric fields of different strengths generated by two stainless steel electrodes. Electrolyzed cells were subsequently freeze-dried and treated with solvents to extract lipids.

    The amount of lipids extracted from cells that passed through low electric fields was the same as cells that did not go through electrolysis. In contrast, at high electric fields, 11% to 13% fewer lipids were extracted from electrolyzed cells than the untreated cells. The researchers hypothesized that the lipids may have been lost through oxidation during electrolysis.

    The researchers also investigated if solvents are required for lipid extraction of electrolyzed cells. Their analysis found that lipids were present only in the solvent extract, indicating that lipids cannot be extracted by electrolysis alone.

    Methyl palmitate - a fatty acid preferred for use in biodiesel engines, and methyl linolenate were the major components in the extracted lipid, with no significant difference in methyl palmitate concentration of electrolyzed and untreated samples. The researchers also observed that no intact cells remained after electrolysis. The findings indicate that while the direct electrolysis treatment was effective at disrupting microalgal cells, it did not significantly enhance lipid extraction efficiency.

    For the method to achieve the higher lipid yields reported in literature and be feasible for microalgal lipid extraction in biodiesel production, parameters such as field strength and solvent type should be optimized. Further investigation into the effect of oxidation on lipid loss is also required.

    For more information about this research, please contact:

    Assoc. Prof. Dr Rachel Fran Mansa
    Head of Energy and Materials Research Group
    Materials and Minerals Research Unit
    The Faculty of Engineering
    Universiti Malaysia Sabah
    Jalan UMS, 88400, Kota Kinabalu
    Sabah, Malaysia
    Email: rfmansa@ums.edu.my
    Tel: +6088 320 000 Ext 1543

    About Pertanika Journal of Science & Technology (JST)

    Pertanika Journal of Science & Technology (JST) is published by Universiti Putra Malaysia in English and is open to authors around the world regardless of nationality. Currently, it is published four times a year in January, April, July and October. Other Pertanika series include Pertanika Journal of Tropical Agricultural Science (JTAS), and Pertanika Journal of Social Sciences & Humanities (JSSH).

    Pertanika Journal of Science & Technology aims to provide a forum for high quality research related to science and engineering research. Areas relevant to the scope of the journal include: bioinformatics, bioscience, biotechnology and bio-molecular sciences, chemistry, computer science, ecology, engineering, engineering design, environmental control and management, mathematics and statistics, medicine and health sciences, nanotechnology, physics, safety and emergency management, and related fields of study. Visit: http://www.pertanika.upm.edu.my/

    The paper is available from this link: https://bit.ly/2QwrBMs

    For more information about the journal, contact:

    The Chief Executive Editor (UPM Journals)
    Pertanika Journal
    Office of the Deputy Vice Chancellor (R&I)
    Tower II, UPM-MDTC, Putra Science Park
    Universiti Putra Malaysia
    43400 Serdang, Selangor Darul Ehsan
    MALAYSIA
    Phone: +603 8947 1622
    Email: executive_editor.pertanika@upm.my

    Press release distributed by ResearchSEA for Pertanika Journal.

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

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    HONG KONG, Dec 14, 2018 - (ACN Newswire) - Avichina (2357.HK) announced that on 13 December 2018, that a number of institutions have increased their shareholdings on the Company, in which their existing strategic shareholder, Airbus Group spent HK$180million in enlarging their shareholdings to 5% in approximate. The increase in shareholdings has been the third time since they entered into strategic cooperation since the IPO of Avichina in 2003.

    In the past 15 years, Avichina and Airbus Group has been expanding and enhancing their level of collaboration based on the capital and project cooperation entered at the first place. From the A320 assembly line, the Hafei Airbus Composites Manufacturing Center, to the H175 medium-sized helicopter development and production, both sides have been cooperating in different forms spanning multiple areas of the aviation industry chain. At present, the A320 assembly line has assembled and delivered nearly 400 aircraft, and will achieve a production of 6 aircrafts per month by 2020. The H175 helicopter was certified by the European Aviation Safety Agency in 2017 and delivered to the Hong Kong Government Flying Service in 2018. The Hafei Airbus Composites Manufacturing Center mainly produces composite parts for the A320 family of aircraft and the latest A350XWB widebody aircraft. They also successfully delivered the 1000th A320 aircraft rudder in 2017, the world's only supplier of this product. AVIC is the flagship company of China Aviation Industry specializing in high-tech and military-civilian integrated aviation products and services. The increase in shareholdings from Airbus Group further deepens and consolidates the strategic partnership between two major aviation manufacturing giants in China and Europe and adds a bigger room for wider cooperation in the future.


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

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    LPG Carrier "LAUREL PRIME"
    Seventh Vessel of Its Type for Astomos Energy

    - Energy efficient vessel compatible with major LPG terminals worldwide and the expanded Panama Canal
    - Built by MHI Marine Structure in Nagasaki, with tank holding capacity of 83,000m3

    TOKYO, Dec 14, 2018 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, held a christening ceremony yesterday for a liquefied petroleum gas (LPG) carrier currently under construction for Astomos Energy Corporation. The new ship, named LAUREL PRIME, will be the seventh vessel of its type for Astomos Energy. In addition to energy saving performance, the ship will have the capability to adapt flexibly to major LPG terminals worldwide, as well as specifications compatible with the newly expanded Panama Canal. Completion and delivery is scheduled for the end of December 2018. The vessel will be operated by Nippon Yusen Kaisha (NYK Line).

    The christening ceremony, held at the Koyagi Plant of MHI's Nagasaki Shipyard & Machinery Works, was attended by representatives of the ship owner, along with many other guests. Astomos Energy President Seiya Araki named the ship, while his wife performed the ceremonial rope cutting.

    The LAUREL PRIME has a length of 230m, width of 36.6m, and depth of 21.65m, with a draft of 11.1m. Deadweight tonnage is approximately 48,300 tons, with total tank holding capacity of 83,000m3. Launching took place on September 12, 2018. Construction was managed by MHI Group Company, Mitsubishi Heavy Industries Marine Structure Co., Ltd., based in Nagasaki.
    The new vessel utilizes a unique hull form derived from the design and manufacturing capabilities, providing exceptional fuel efficiency and high compatibility to the various LPG terminals in the world. This is the 11th vessel in its LPG carrier series.

    Going forward, Mitsubishi Shipbuilding and MHI Marine Structure will continue development of LPG carriers with exceptional fuel efficiency and sustainable performance, in order to contribute to stable energy supplies and environmental conservation.

    About Mitsubishi Heavy Industries, Ltd.

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

    For more information, please visit MHI's website: https://www.mhi.com
    For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.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, Dec 14, 2018 - (JCN Newswire) - Mitsubishi Corporation (MC) has entered into an agreement to acquire 25% of shares in ELG Carbon Fibre Ltd. (ECF), a leading supplier of reprocessed carbon fiber, from ELG Haniel GmbH (ELG) in Germany. Closing is subject to regulatory approval and other conditions.

    With 70% of global supply emanating from Japanese companies, carbon fiber is a signature product among the country's advanced technology products. It has outstanding properties, including strength 10 times that of steel with only 1/4 the weight of steel, and is utilized in industrial applications such as aircraft/aerospace and wind turbine blades. Meanwhile, as the automotive industry seeks to address challenges such as reducing emissions from internal combustion engine vehicles and increasing cruising distance of electrified vehicles through the use multi-material light weighting, the demand for carbon fiber is envisioned to increase even further. World consumption of carbon fiber, which presently stands at approximately 60 thousand metric tons is expected to grow at almost 10 percent per annum, although high production costs have been an obstacle in the way of more widespread use.

    ECF is engaged in reprocessing carbon fiber reinforced plastic (CFRP) end materials to produce and supply competitive high quality carbon fiber through its own technology and know-how. ECF is the first company in the world to have established stable commercial production of reprocessed carbon fiber, supplying the automotive and electronics industries, among others. ECF, by reprocessing CFRP end materials which may otherwise be difficult to dispose of, is recovering resources and supplying sustainable carbon fiber competitively to the market, while contributing towards solving the issues faced by the automotive industry, which is a key industry for Japan. Being able to leverage MC's existing business network and expertise will enhance ECF's capacity to realize its vision.

    Through the acquisition of shares in ECF, MC will be contributing to expanding the stable supply of reprocessed carbon fiber while at the same time continuing to contribute to the sustainable development of industry and the realization of a low-carbon society.

    About Mitsubishi Corporation

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

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

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

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