Category: Asean

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Lantronix Announces New X300 Compact Cellular IoT Gateway Solution, Ideal for Mission-Critical Applications

Monitor and manage globally distributed assets with Lantronix’s X300 IoT Gateway Solution, which includes hardware, cloud-based device management, cellular connectivity, advanced security and tech support

X300 IoT Gateway

New X300 Compact Cellular IoT Gateway

IRVINE, Calif., March 28, 2023 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced its new X300 Compact Gateway IoT Solution. Ideal for secure mission-critical applications, the new X300 Cellular Compact IoT Gateway Solution combines Lantronix’s IoT gateway hardware with a premium services subscription, including centralized device management, integrated cellular data, enhanced device security and expert technical support in an all-in-one package.

“At Lantronix, we are committed to providing our customers with turnkey IoT solutions that efficiently solve their connectivity and remote device management challenges while offering expert technical support to ensure a successful deployment,” said Paul Pickle, CEO of Lantronix. “With the new X300 Compact Gateway IoT Solution, our customers can rest assured that they have a reliable, easy-to-manage solution, achieving maximum uptime and data security for mission-critical applications.”

According to Berg insights, more than 4.5 million cellular IoT gateways were shipped globally during 2021, a 23 percent increase, at a total market value of approximately $1.15 billion as annual sales grew at a rate of 14 percent as demand recovered following the COVID-19 pandemic. Annual revenues from the sales of cellular IoT gateways is forecasted to grow at a compound annual growth rate (CAGR) of 14 percent to reach $2.18 billion by 2026.

The X300 Compact Gateway IoT Solution includes:

  • X300 Gateway, a compact (79mm X 79mm) IoT industrial gateway with suitable hardware interfaces, including a Multi-mode Serial port, an Ethernet LAN port, Wi-Fi® 5, Bluetooth/BLE and Worldwide cellular options, enabling the connection of any type of industrial machine and sensor with any type of network.
  • Services included in the first-year subscription:
    • Free upgrade to ConsoleFlow™ premium cloud-based device management with analytics
    • Connectivity Services global, convenient and scalable cellular data plans
    • Free upgrade to LEVEL 2 Services prompt expert technical support and warranty with advanced hardware replacement
    • Lantronix InfiniShield™ built-in security, including a Secure Element (SE) chip to enable secure boot, secure equipment access and secure communications and to prevent unauthorized access of confidential information

The new X300 Gateway IoT Solution will be displayed at ISC West in Las Vegas from March 28–31, 2023, in the Lantronix booth, Number 2097. For more information on this all-in-one package, visit https://www.lantronix.com/products/x300-series/

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.

Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room and Datacenter applications. For more information, visit the Lantronix website.

Learn more at the Lantronix blog, which features industry discussion and updates. Follow Lantronix on Twitter, view our YouTube video library or connect with us on LinkedIn.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; the impact of the COVID-19 outbreak on our employees, supply and distribution chains, and the global economy; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022, filed with the Securities and Exchange Commission (the “SEC”) on Aug. 29, 2022, including in the section entitled “Risk Factors” in Item 1A of Part I of such report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

© 2023 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-212-0960

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/891ce64a-0d25-4f9e-add8-2538d7b31006

GlobeNewswire Distribution ID 8796263

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Wood Mackenzie appoints new Chief Financial Officer

Simon Crowe, formerly of ERM, brings sustainability and energy industry experience

Headshot of Simon Crowe

Headshot of Simon Crowe, CFO at Wood Mackenzie.

LONDON and HOUSTON and SINGAPORE, March 27, 2023 (GLOBE NEWSWIRE) — Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March.

Simon brings a wealth of experience in private and public companies in the US, Europe and Asia. He joins Wood Mackenzie after nearly five years as CFO of ERM, the world’s largest Sustainability and Environmental Consultancy where he played a key role in their rapid growth, diversification, and successful investment from KKR.

Commenting on Simon’s appointment, Mark Brinin, CEO of Wood Mackenzie said: “Simon is a commercially minded CFO, with a breadth of international experience, having worked with private equity backed ERM and companies listed on New York, London and European stock exchanges. He has strong financial management and strategic leadership skills. Simon’s diverse background in environmental consulting and global energy markets brings deep knowledge of our end markets. His considerable experience will benefit the future success of Wood Mackenzie. We are delighted that he has chosen to join us.”

“He is well qualified to help the team build on its decades of leadership and innovation in the energy industry. It is an exciting time to join Wood Mackenzie as the company is well positioned to expand and enhance the critical insights provided to its growing customer base across the entire energy and renewables value chain,” Brinin added.

Simon Crowe, CFO, commented: “I am really excited about joining the Wood Mackenzie team. The global energy, renewables and commodity markets are in transition to net zero and Wood Mackenzie has a new strategic partner in Veritas Capital. The world will be increasingly reliant on the critical insights, data and knowledge that Wood Mackenzie’s research and consulting teams have developed over the last 50 years. I am looking forward to working with a first-class global team and helping to drive the growth agenda.”

EDITOR’S NOTES
View the full Wood Mackenzie executive leadership team here.
Read the press release announcing Veritas Capital’s acquisition of Wood Mackenzie in February here.

For further information please contact Wood Mackenzie’s media relations team:
Sonia Kerr
+44 330 174 7267
Sonia.kerr@woodmac.com

You have received this news release from Wood Mackenzie because of the details we hold about you. If the information we have is incorrect you can either provide your updated preferences by contacting our media relations team. If you do not wish to receive this type of email in the future, please reply with ‘unsubscribe’ in the subject header.

About Wood Mackenzie
Wood Mackenzie is a trusted source of commercial intelligence for the world’s natural resources sector. We empower customers to make better strategic decisions, providing objective analysis and advice on assets, companies and markets. For more information, visit: www.woodmac.com or follow us on Twitter @WoodMackenzie
WOOD MACKENZIE is a trademark of Wood Mackenzie Limited and is the subject of trademark registrations and/or applications in the European Community, the USA, and other countries around the world.

About Veritas Capital 
Veritas is a longstanding technology investor with over $40 billion of assets under management and a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide critical products, software, and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. Leveraging technology to make a positive impact across vitally important areas, such as healthcare, education, and national security, is core to the firm. Veritas is a proud steward of national assets, improving the quality of healthcare while reducing cost, advancing our educational system, and protecting our nation and allies. For more information, visit www.veritascapital.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc6a85fd-6cd6-4b57-b37d-ca7c25a9ea5b

GlobeNewswire Distribution ID 1000800450

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Classic Parade announces its incorporation as an LTD company

Classic Parade announces its incorporation as an LTD company

Classic Parade is now an LTD company that has financial backing from Qatari investors.

LONDON, March 27, 2023 (GLOBE NEWSWIRE) — After 20 years under family ownership, Classic Parade, a hypercar hire company in London, will now effective immediately become an LTD company that has financial backing from Qatari investors.

This move comes from a strategic business decision to focus on growth beyond the United Kingdom. Currently, Classic Parade services luxury hypercar hire customers all over the UK, but with the revitalizing investment from its new owners, it aims to become the premium hypercar hire company that services all of Europe. No other luxury supercar for-hire provider serves that large of a geographical location in the area; Classic Parade will be the first.

Its existing portfolio of vehicles is vast, including well-known brands in the luxury vehicle community such as Ferrari, McLaren, Rolls Royce, Porsche, Audi, and more. A hire agreement can be completed in as little as 24 hours, making it possible to get a next-day hypercar hire in the UK. With these same services offered in all of Europe, Classic Parade will expand its fleet to meet the demand of its growing customer base. All of the available vehicles can be found on Classic Parade’s website, but a brief snapshot of the Classic Parade fleet is as follows:

  • Ferrari SF90 Stradale: The Ferrari SF90 Stradale has impressive power with 986 bhp. In a bold red color, this is one of the most sought-after vehicles today.
  • McLaren Speedtail: The sleek body of this vehicle offers aerodynamics and its 1050 bhp is a selling point for many customers.
  • Lamborghini Sian: With a daily rate of £6000, this model sits at the top tier of available Lamborghinis. It features 808 bhp and goes from 0-60 MPH in 2.8 seconds.
  • Porsche 918 Spyder: With a price of £3500 per day, drivers can test out the Porsche 918 Spyder’s ability to get from 0-60 MPH in 2.2 seconds.

Supercar hires have a range of price points, with each agreement requiring a security deposit. When the vehicle is returned to Classic Parade in good condition, the security deposit will be refunded to the customers. Every agreement includes self-drive hire insurance for 2 drivers, though drivers must be at least 25 years of age to drive vehicles hired from Classic Parade.

Expanding with a phased approach, Classic Parade will provide updates when servicing starts for locations around Europe. Once up and running, these locations will be able to access 24-hour service and deliveries any day of the week.

Another service that will be available to customers in all of Europe is the “Try Before You Buy” Program, which connects potential buyers with the vehicles they are interested in before they permanently purchase those vehicles. Prior to investing in an expensive vehicle, Classic Parade’s customers can drive the same luxury vehicle for any length of time. Flexible hire terms and customized pricing packages make this possible.

Those interested in hiring a supercar from Classic Parade in the UK can reach out to rent@classicparade.co.uk or +44 (0) 333 355 3595. There are no hires available in other locations, but as that changes, updates can be found here. The Classic Parade team is available 24 hours, 7 days a week to answer questions or finalize supercar hire details for customers in the UK.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e320844d-7478-4095-83aa-44c56e95cb84

Contact
Classic Parade
+44 (0) 333 355 3595
rent@classicparade.co.uk

GlobeNewswire Distribution ID 1000800415

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Zoom announces the expansion of Zoom IQ, the smart companion that empowers collaboration and unlocks potential

Zoom uses OpenAI technologies to bolster a unique federated approach to AI based on flexibility

SAN JOSE, Calif., March 27, 2023 (GLOBE NEWSWIRE) — Today at Enterprise Connect, Zoom Video Communications, Inc. (NASDAQ: ZM) announced the expansion of Zoom IQ, a smart companion that empowers collaboration and unlocks people’s potential by summarizing chat threads, organizing ideas, drafting content for chats, emails, and whiteboard sessions, creating meeting agendas, and more. The company also announced it will use OpenAI to bolster its unique federated approach to AI based on flexibility.

Zoom’s federated approach to AI leverages its own proprietary AI models, those from leading AI companies– such as OpenAI –and select customers’ own models. With this flexibility to incorporate multiple types of models, Zoom’s goal is to provide the most value for its customers’ diverse needs. These models can also be customized to perform better for a customer, based on their vocabulary and requirements.

“Zoom has long built AI solutions into our products to empower customers to be more productive,” said Smita Hashim, chief product officer at Zoom. “We are excited to bring many more capabilities with new large language models. Our unique approach to AI will give customers the flexibility they want and help significantly improve collaboration and customer relations.”

In today’s work environment, workers find it increasingly difficult to balance workday priorities between emails, team chats, meetings, and project management tasks. Teams are also looking for ways to better co-create effectively in real-time. To help solve these challenges, Zoom IQ will have a host of new capabilities scheduled to release soon, including:

  • Zoom IQ chat compose: Zoom Team Chat users can soon use the compose feature to help compose messages based on conversational context in addition to changing message tone to customize suggested responses.
  • Zoom IQ email compose: Harnessing the power of Generative AI, users will get email draft suggestions in response to the conversational context from prior Zoom Meetings, Zoom Phone calls, and email threads. Available initially in Zoom IQ for Sales.
  • Zoom IQ meeting summary: Generate a summary, capture next steps, and share via Team Chat, Zoom Calendar, and email without recording the conversation, so those who didn’t attend will no longer have to sit through lengthy recordings.

Additionally at Enterprise Connect, Zoom is showcasing the following innovations to make teamwork more meaningful and strengthen customer relationships:

  • Zoom Huddles (formerly Zoom Spots) is a new video-enabled virtual coworking space designed to foster ad-hoc discussions and relationship building, to replicate the “working alongside” aspect of an open office and encourage free-form video-first conversations. Zoom Huddles is now available globally for customers to request early access by visiting the product page.
  • Intelligent Director uses multiple cameras in a Zoom Room to determine the best angle of the individuals in the room to display within the meeting. With high-quality, reliable video and voice, Intelligent Director also provides a best-in-class experience for remote participants. Available in beta soon.
  • Zoom Scheduler makes it easy to find the perfect time for meetings by sharing the host’s availability so others (even external participants) can conveniently book appointments. Zoom Scheduler reduces the back-and-forth hassle of manual scheduling by placing a meeting on the host’s calendar with a Zoom Meetings link already included, saving both participants time. Zoom Scheduler works seamlessly with Zoom Meetings and Zoom Mail and Calendar, and integrates with Google Calendar and Microsoft 365, so hosts can use their preferred calendar.

Additional Resources:

About Zoom
Zoom is an all-in-one intelligent collaboration platform that makes connecting easier, more immersive, and more dynamic for businesses and individuals. Zoom technology puts people at the center, enabling meaningful connections, facilitating modern collaboration, and driving human innovation through solutions like team chat, phone, meetings, omnichannel cloud contact center, smart recordings, whiteboard, and more, in one offering. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more info at zoom.com.

Zoom Public Relations
Beth McLaughlin
press@zoom.us

GlobeNewswire Distribution ID 8795878

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LeddarTech Releases LeddarVision Premium Surround, Its Latest Low-Level Fusion and Perception Product, to Support Automotive Level 2/2+ ADAS Applications

LeddarTech’s award-winning LeddarVision solution

LeddarVision technology recognized at Tech.AD USA and CES 2023

QUEBEC CITY, March 27, 2023 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, announces its third product launch since December with the LeddarVision™ Surround (LVS-2+). This product is a comprehensive fusion and perception software stack to support premium surround-view L2/L2+ ADAS highway assistance and 5-star NCAP 2025/GSR 2022 safety applications.

LeddarVision Surround (LVS-2+) is the latest low-level sensor fusion and perception product built on LeddarTech’s award-winning LeddarVision software. The LVS-2+ expands the company’s current product offering of the LeddarVision Front-Entry LVF-E and Front-High LVF-H. These products target entry- to premium-level ADAS applications.

The LVS-2+ efficiently extends the LVF front-view product family from a one-camera plus two to five-radar (1V2R-1V5R) sensor configuration to a five-camera plus five-radar (5V5R) configuration. This enhanced configuration supports ADAS functions such as traffic jam and highway assist applications, enabling automated lane changes, overtaking and extended speed range adaptive cruise control.

High-Performance and Cost-Effective

  • LeddarVision’s low-level fusion (LLF) technology pushes the performance envelope, extending the effective range of the sensors.
  • Low-level fusion optimally combines camera and radar modalities, achieving a high-performance system with reduced requirements per modality at a lower total sensing cost.
  • Superior accuracy in object separation and longitudinal position measurement on highways enables higher-performing adaptive cruise control implementation.
  • L2/L2+ highway assist, including adaptive cruise control up to 160 km/h, lane centering control, active lane change assist, traffic jam assist and highway assist (including auto-lane change support).

Safety

  • LVS-2+ addresses 5-star NCAP 2025/GSR 2022 safety applications.
  • Includes a built-in redundancy feature to accommodate sensor failures, degradations and conflicts.
  • LVS-2+ supports global scene attributes detection for operational design domain (ODD) analysis, sensor coverage and health monitoring features.

Flexible and Scalable

  • A comprehensive surround-view fusion and perception software platform that supports entry-level to premium ADAS highway assist Level 2/2+ applications.

Samples available: Contact LeddarTech for “A” samples of the LVS-2+ and “A” samples of the LVF-E and LVF-H products. LVS-2+ “B” sample availability is planned for late Q3 2023.

“LeddarTech is committed to supporting automotive Tier 1-2 suppliers and OEMs with software solutions and products that support enhanced safety features and lower overall development costs,” stated the company’s CEO, Charles Boulanger. “In December, we released our LVF products for entry-level to premium ADAS safety and highway assistance L2/L2+ applications, and in keeping with our commitment to continual product development, our newest product LeddarVision Surround (LVS-2+) further increases our software offering to our customers, with products that solve more safety issues with a scalable low-level fusion and perception software stack that offers higher performance at a lower cost,” Mr. Boulanger concluded.

LeddarTech launches the LVS-2+ officially at Automotive Tech.AD Berlin on March 27, 2023.

About LeddarTech

LeddarTech, a global software company founded in 2007, develops and provides comprehensive perception software solutions that enable the deployment of ADAS and autonomous driving applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate highly accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is leveraged by OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patents granted or applied for that enhance ADAS and AD capabilities. Better awareness around vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@leddartech.com

Investor relations contact and website: InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7f20647-203a-42b4-b015-cedc2086ded5

GlobeNewswire Distribution ID 8793884

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Ethiopia and the Netherlands Endorse the Launch of a Groundbreaking Private Sector Water Management Initiative by Nedamco Africa to Improve Water Needs for Over 10 Million People

The Governments of Ethiopia and The Netherlands endorse the Nedamco Africa Water Management Initiative

Left to Right: H.E. Dr. Eng. Habtamu Itefa Geleta, Minister for the Ministry of Water and Energy of the Federal Democratic Republic of Ethiopia; Mrs. Kitty van der Heijden, Director-General, International Cooperation at Ministry of Foreign Affairs of the Kingdom of the Netherlands; Mr. Michael Kogeler – Chief Executive Officer, Nedamco Africa.

“In a joint press statement today, the Government of the Federal Democratic Republic of Ethiopia and the Kingdom of the Netherlands, along with their partners, endorsed the launch by Nedamco Africa of an innovative initiative to implement Water Management through a fully digital approach. This groundbreaking endeavor has the potential to significantly improve the water quality, facilitate direct access, and increase the availability of water volumes for approximately 10 million individuals residing in the metropolitan area of Addis Ababa.”

NEW YORK, March 24, 2023 (GLOBE NEWSWIRE) — Today at the UN23 Water Conference in New York, H.E. Dr. Eng. Habtamu Itefa Geleta, Minister for the Ministry of Water and Energy of the Federal Democratic Republic of Ethiopia, and Kitty van der Heijden, Director-General International Cooperation at Ministry of Foreign Affairs of the Kingdom of the Netherlands, endorsed the launch of the Ethiopian SDG6 Water Management initiative. The initiative has the aim to improve the water needs of millions of people and will be based on digitally verifiable outcomes focused on the reduction of non-revenue water, increase of water quality, increased access to water, and higher availability of water. In a “first-ever”, leveraging the latest available technologies, the solution will measure, report, and verify outcomes of Water Management, starting in Addis Ababa, a city of 10 million inhabitants, starting in a sub-set of the city, using Digital Twins in a fully digital and transparent manner. This project is a collaboration of the Ethiopian local and federal government and multiple innovators in the profit and non-profit sectors like Microsoft, Bentley Systems, Deltares and VEI. The launch is endorsed by the Dutch Government. The SDG6 Water Management initiative has the potential to be rolled out to over nineteen other countries in fifty-five cities, improving the water needs of half a billion people.

Changing lives – African water challenges – In this era of climate disruption, African cities are grappling with a plethora of water-related challenges that are impacting the lives of their residents. The lack of infrastructure and investment is one of the main obstacles, resulting in restricted access to clean and safe water for many people. In addition, water pollution and contamination are prevalent, especially in informal settlements where residents have limited means of obtaining clean water. Furthermore, climate change and rising water demand are putting additional pressure on already scarce water resources, compounding the existing water challenges in African cities. These challenges must be addressed with innovative and sustainable solutions that improve access to safe water and ensure the long-term sustainability of water resources.

“We Africans are highly affected by the carbon emission released by the developed nations, and we are way behind to achieve the SDGs with the current pace unless we deploy new technologies and innovations. By synergizing the vision and mission of the two most committed and robust partners on the planet, along with the latest digital technologies available for water management at scale, we have a unique opportunity and responsibility to transform the daily lives of hundreds of millions of people in Africa, who are suffering a lot in search of clean water. Therefore, call to action for Africans to join for cooperation and integration to transform the lives of our citizens,” stated H.E. Dr. Eng. Habtamu Itefa Geleta, Minister for the Ministry of Water and Energy of the Federal Democratic Republic of Ethiopia.

True impact through results-based financing – The parties are adopting a results-based financing approach. Through collaboration, knowledge sharing, and the use of innovative technologies and best practices, we aim to unite the world around water and pool global resources and expertise. The innovative solution, jointly developed by Dutch and international water eco-system players will help us overcome the water challenges that we face worldwide. The SDG6 Water Management initiative will ensure that partnerships between governments, businesses, and civil society are forged, leading to sustainable and equitable use of water that benefits all.

“Water management is at the heart of our nation’s identity. We have been facing the challenges of water for centuries, and through collaboration and innovation, we have found ways to turn these challenges into opportunities. In the Netherlands, I am proud to say that we have a long history of working together to manage our water resources. From our world-renowned systems of dykes and pumps, to our innovative approaches to water treatment and reuse, we have shown that it is possible to turn the challenges of water into opportunities for progress and prosperity. By working together, the world can do the same. Together, we can build a future where everyone has access to the clean water they need to thrive, where our rivers and lakes are protected from pollution and overuse, and where we are able to adapt to the changing demands of a rapidly changing world,” said Kitty van der Heijden, Director-General International Cooperation at Ministry of Foreign Affairs of the Netherlands.

Technology for good – Digital twin technology has the potential to significantly enhance water management in Africa, leading to better outcomes for communities in need. By creating a virtual replica of physical assets, such as water distribution systems, digital twins can be used to analyze, monitor, and optimize water usage and distribution in real-time. This, in turn, can lead to more efficient and effective management of water resources, reducing waste and improving water security. Digital twin technology can also help detect and prevent water leaks and other issues, thereby enhancing the access to clean water for communities, which is especially critical in areas with water scarcity. Additionally, digital twin technology can aid in the development of new water infrastructure projects, such as reservoirs, by simulating and assessing these projects in a virtual environment. This approach can provide valuable insights into the potential impact and effectiveness of these projects, reducing the risk of failure and improving outcomes.

Anke den Ouden, General Manager of Microsoft Netherlands, stated, “The introduction of digital twin technology in water management has the potential to significantly improve access to clean water and water security in Africa. It can optimize water usage and distribution, leading to a better quality of life for people in the region. We at Microsoft are proud to be a part of this initiative.”

Impact Investments for a better world – Nedamco Africa is a company that invests in, and is fully committed to making a positive impact on Africa and the global environment. They recognize the crucial role that water management plays in the sustainability of the continent and are focused on finding innovative solutions to the challenges facing Africa’s water supply. Nedamco Africa’s investment strategy prioritizes the measurement of impact over financial returns, emphasizing sustainable solutions that benefit the environment and communities in Africa. They invest in cutting-edge technologies, such as cloud skills, digital twins, and climate-friendly solutions to create a lasting positive impact. In water management, Nedamco Africa is working to improve access to safe drinking water, reduce water waste, and promote water conservation. Nedamco Africa is a driving force for impact investments that contribute to creating a better world for everyone.

Michael Kogeler, CEO of Nedamco Africa, expressed, “With a complete commitment to Africa and the planet, Nedamco Africa is at the forefront of impact investments that prioritize sustainability and positive impact. Our emphasis on innovative technologies and measurement of the impact of our investments is driving positive change and creating a better future for Africa and the world.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b5195295-2181-4470-8e4c-80fb8959bc4e

PR Contact: Michael Kogeler
michael.kogeler@nedamcoafrica.com
+971 559661304

GlobeNewswire Distribution ID 1000800016

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Curia Collaborates with Corning to Advance Biopharmaceutical Continuous-Flow Development and Manufacturing Programs

Collaboration marks the first global installation of Corning’s G1 production system to support higher-quality API-chemical production using inherently safer flow-chemistry technology

ALBANY, N.Y., March 23, 2023 (GLOBE NEWSWIRE) — Curia, a leading contract research, development and manufacturing organization, today announced a collaboration with Corning Incorporated to expand and accelerate continuous-flow development and manufacturing programs for the chemical and biopharmaceutical industries globally. The collaboration with Corning’s Advanced-Flow™ Reactor (AFR) team includes the first installation of Corning’s G1 production system, designed for the continuous industrial production of active pharmaceutical ingredients (API).

Continuous flow chemistry is critical for the development and manufacture of pharmaceutical intermediates and APIs, and provides advantages compared with traditional batch processing. It is an inherently safer technology that delivers faster and more robust material production with a higher selectivity of desired products.

“Innovation in drug development and production calls for safety at high speed,” said Christopher Conway, president, Research & Development, Curia. “The implementation of Corning’s G1 Production Reactor at our Albany facility expands our capability to provide scalable solutions that address complex development and manufacturing requirements facing the pharmaceutical industry. Using advanced technology and standardized workflows, Curia offers continuous flow chemistry from targeted development to commercial scale globally.”

The G1 production reactor includes an updated set of dosing lines and controls that enable continuous operations and compliance to cGMP standards.

“Collaborating with an innovation-focused company like Curia will help drive advancements in the chemical-processing industry,” said Alessandra Vizza, business director, Corning Advanced-Flow Reactors. “The implementation of Corning’s G1 production system can deliver a host of benefits. The system is an inherently safer technology that will help Curia reduce time to market with higher-quality chemical and API processing, increased efficiency of chemical and API synthesis, and lower production costs.”

“Additionally, the space-saving, energy-conserving, and waste-reducing benefits of Corning’s AFR Technology may help customers reduce the environmental impact of their manufacturing business – a key attribute as the field continues to gain momentum in the U.S. and around the world,” said Vizza.

Curia’s expertise and global network of facilities, combined with Corning’s continuous flow technology, can help drive business efficiencies and, ultimately, improve patients’ lives.

About Curia
Curia is a leading contract research, development, and manufacturing organization providing products and services from R&D through commercial manufacturing to pharmaceutical and biopharmaceutical customers. Curia’s nearly 4,000 employees at 29 locations across the U.S., Europe, and Asia help its customers advance from curiosity to cure. Learn more at CuriaGlobal.com.

About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science, with a 170-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.

Curia Contact Information:
Sue Zaranek
+1 518 512 2111
corporatecommunications@CuriaGlobal.com

Corning Contact Information:
Sarah Pakyala
+1 607 974 4902
pakyalasi@corning.com

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GMAC Task Force Revamps Business Education Admissions Reporting Standards

Revision aims to support business schools in today’s ranking efforts and help prospective candidates compare programs on leveled playing field

RESTON, Va., March 23, 2023 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association representing leading business schools, today released an updated version of the Graduate Management Education Admissions Reporting Standards. The revision, led by a task force of 14 GMAC member schools, aimed to ensure the standards align with the shifting landscape of graduate business education and today’s best practices of identifying gender, race and ethnicity, and undergraduate majors, among other criteria commonly used in the admissions process.

According to GMAC’s annual survey on prospective students worldwide, candidates rely heavily on school websites and rankings in their program selection process. The 2023 survey of thousands of business school aspirants – to be published early next month – shows that school websites and published program rankings were the top two factors in the decision making of individuals considering applying for graduate business degrees. Informed by this finding, GMAC believes it is vitally important that the information presented to prospective students is anchored in a common definition of the terms used by schools and various publications in collecting the data for reporting.

“This work, initiated in response to a strong desire for consistency and transparency from the business school community we serve, is being done to create trust with and among business school admissions professionals, especially those who are new to the field. Without a doubt, adopting the standardized reporting criteria at a large scale would allow prospective students and rankings organizations alike to compare apples to apples and oranges to oranges across the wide spectrum of program options available in the market today,” said Joy Jones, CEO of GMAC. “On behalf of the Council, I extend our sincerest gratitude to the task force for the time, effort, and care dedicated to revising and promoting the standards.”

“The task force invested many hours reviewing survey questionnaires and collecting data, as well as discussing proposed revisions over calls and with stakeholders at conferences, to address the tough questions from the business school community on how we can better reflect the many changes in the industry – and the society – we encounter today. For example, there is a growing acknowledgement and respect for identity preferences and an interest in segments like first generation and military students,” said Marci Armstrong, professor of practice, marketing at Southern Methodist University’s Cox School of Business and co-chair of the task force revising the standards. “Rest assured, we were fully aware of the stakes at hand and did not just rubber-stamp the new standards.”

In 2019, GMAC formed a task force to revise the MBA Reporting Criteria – first published by GMAC in 2000 and adopted by approximately 200 business schools – into Graduate Management Education Admissions Reporting Standards. The standards, subsequently endorsed by GMAC members in the summer of 2020, were meant to be revisited every two years to ensure they continue to guide business schools in distributing reliable, accurate, useful, and comparable admissions data for prospective students and rankings organizations. A new task force was organized at the beginning of 2022 to tackle the review and revision of the standards in three sections – school and program information, application process, and admissions reporting and class profile, supplemented by region and areas of study classifications.

“In the past three years – particularly in response to the global pandemic – our industry has innovated and grown tremendously. A prime example is the delivery of online programs,” said Nita Swinsick, associate dean of graduate & executive degree programs admissions at Georgetown University’s McDonough School of Business and co-chair of the task force. “While the traditional on-campus, two-year MBA remains the most sought-after graduate management degree, there are a great number of programs offering a wide range of flexibility and length and still lead to successful business careers.”

“GMAC will continue to be a steward of the standards and will publish a list of schools and corresponding programs that decide to adopt and remain in compliance with the standards. Adopting and complying schools can also receive a badge from GMAC for use in their outreach materials to signal to candidates, ranking publishers and other stakeholders their compliance with the standards,” said Sabrina White, vice president of school and industry engagement at GMAC. “It is our hope that more members of the business school community – as well as ranking publishers – will begin leveraging these standards to benefit the people aspiring to better themselves and the world through graduate management education.”

Business schools, ranking agencies and other stakeholders worldwide that wish to obtain a copy of or start adopting the latest reporting standards may reach out to GMAC at datastandards@gmac.com.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
Mobile: 202-390-4180
thsu@gmac.com 

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