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Archive for October 8th, 2012

First Major Cash Recycling Order in South Korea: Lotte installing 1,000 CINEO systems

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SEOUL, South Korea, Oct. 5, 2012 /PRNewswire/ — Lotte PS Net, the largest retail company in South Korea, has ordered 1,000 CINEO cash recycling systems from Wincor Nixdorf. This is Wincor Nixdorf’s first major CRS order in South Korea. Lotte is significantly expanding its cash machine network, which already comprises around 4,000 cash recycling systems, in a project lasting until 2013.
After extensive testing Lotte opted for technology from the leading IT solution provider for retail companies and retail banks, the crucial factors in choosing the CINEO C4040 systems were their quality including its high availability, the small footprint and innovative security concept that effectively prevents tampering. Lotte was also convinced by another aspect of this new generation of devices, namely the technology allowing cash cassettes to be exchanged between the individual systems and other CINEO models that are available. This opens up new cash handling opportunities between the retail and the self-service ISO environment of the Lotte organization.

The rollout of the systems has already started, in particular in the Seoul metropolitan area, with around 200 new systems being installed every month.

Cash recycling technology, which enables deposited and validated banknotes to be dispensed again, is already well established in South Korea. The interval for replenishing such systems is extended considerably by, among other things, small-scale retailers depositing their daily proceeds in them.

About Wincor Nixdorf Pte Ltd

Wincor Nixdorf is one of the world’s leading providers of innovative IT solutions and services to retail banks and retailers. The company is headquartered in Paderborn, Germany, and is publicly traded on the Frankfurt Securities & Stock Exchange. The company has a global presence in more than 100 countries. For more information, please visit

For more information and media enquiries, please contact:

Ms. Christine Tan
Regional Corporate Communications, APAC
Tel: +65-6740-2452
Fax: +65-6747-1577
Mobile: +65-9159-7780

SOURCE﹛Wincor Nixdorf Pte Ltd

Written by asiafreshnews

October 8, 2012 at 3:15 pm

Posted in Uncategorized

One Million Lights and Counting – A New Guinness World Record for the World’s Largest LED Light Picture

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LONDON /PRNewswire/ —
“It’s midnight. You’re standing in the middle of a remote desert in Central Asia, surrounded by over a million lights, and you just think ‘Wow’.”
Former BBC and Sky News Cameraman Nigel Bateson, Official Witness
The world record for the largest light picture using LEDs has been smashed using over a million lights spread across over three quarters of a million square metres – the equivalent of approximately one hundred full-sized soccer pitches. The successful attempt broke the previous record of 50,010 lights.
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The light picture, a full scale plan of an energy plant, used 1,012,840 lights and needed twenty four kilometres of lighting cables, fourteen kilometres of power cables and 302 kilowatts of power from three generators, a railway station and a nearby gas plant.
At the award ceremony in London, Guinness adjudicator Jack Brockbank described the achievement as:
“The perfect marriage of engineering, technology and creativity.”
The new record was set at Shurtan in southern Uzbekistan as part of the naming ceremony for OLTIN YO’L GTL, a joint venture to make high performance, low emissions fuels.
The General Director of OLTIN YO’L GTL, James Vaughan said:
“We wanted to celebrate so we created a full-sized image of the plant layout. Our plant will set new standards for clean fuels so it’s great to be “OLTIN YO’L – the record breaker” right from the start.
“We did what we set out to do, on time and safely – that sets the standard for us going forward.”
Malcolm Wells, the manager of the creative team and director of Malwell Corporate Projects said:
“For six days, we worked round the clock in temperatures of over forty degrees, in thirty kilometre plus winds. It was like building a fairyland for very tough fairies.”
One of the official witnesses of the attempt, award-winning international news cameraman, Mr Nigel Bateson said:
“I’ve filmed the North Pole, the South Pole and most things in between, including the wreck of the Titanic, but this has to be one of the most incredible sights I’ve ever seen. It’s midnight. You’re standing in the middle of a remote desert in Central Asia, surrounded by over a million lights, and you just think ‘Wow’.”
For more details:
Source: Malwell Corporate Projects

Written by asiafreshnews

October 8, 2012 at 10:59 am

Posted in Uncategorized

Jackson Square Aviation To Become A Group Company Of Mitsubishi UFJ Lease & Finance

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SAN FRANCISCO, Oct. 5, 2012 /PRNewswire/ — Jackson Square Aviation is pleased to announce it will become a group company of Mitsubishi UFJ Lease & Finance Company Limited (“MUL”), whose interests will be wholly owned by MUL. The transaction is expected to close by the end of 2012, pending regulatory approvals. Jackson Square is one of the world’s leading commercial aircraft lessors, with a fleet of 76 next-generation aircraft valued in excess of $4 billion.

“We are excited to join forces with MUL,” remarked Richard S. Wiley, Jackson Square’s President and CEO. “Having the support of another major international financial services company enables us to continue to provide our airline customers with new capital to finance their next-generation deliveries.”

Scott B. Weiss, Jackson Square’s COO and Executive Vice President of Capital Markets, commented that “MUL brings to the table a premier brand name and a large presence in Asia, home to some of aviation’s highest growth markets. This will be a great combination of two superior global companies.”

“Airlines want to know they are conducting business with a well-capitalized lessor who will stand behind its commitments,” added Toby Bright, EVP and Head of Marketing. “With the support of MUL, we will continue to be a reliable source of funding for our airline customers.”

About Mitsubishi UFJ Lease & Finance Company Limited

Mitsubishi UFJ Lease & Finance Company Limited is a prominent global leasing company headquartered in Tokyo. MUL, incorporated April 1971, focuses on leasing, installment sales, various types of financing, and international business. With a total paid capital of 33,196,047,500 JPY and 320,000,000 authorized shares, MUL’s principal shareholders are Mitsubishi Corporation, Mitsubishi UFJ Financial Group Inc., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Meiji Yasuda Life Insurance Company, and Mitsubishi UFJ Trust and Banking Corporation. MUL is publicly traded on the Tokyo Stock Exchange. The company employs more than 2,200 people worldwide.

About Jackson Square Aviation

Jackson Square Aviation is a full-service aircraft leasing company based in San Francisco with offices in Seattle, London, Miami, Toulouse, Singapore, and Beijing. The management team, which had previously worked together at Pegasus Aviation Finance Company, has over 100 years of combined industry experience. The company’s current fleet (owned and committed) includes 76 aircraft valued in excess of $4 billion, originated via sale/leasebacks with 23 of the world’s leading airlines. Led by the experienced aircraft leasing trio of Richard Wiley, Toby Bright and Scott Weiss, the team has collectively acquired over $11 billion of aircraft, has purchased and/or remarketed over 400 aircraft, and has established relationships with over 30 commercial lenders and investment banks throughout Europe, Asia and North America. The majority of Jackson Square’s shares are currently held by certain funds managed by Oaktree Capital Management, L.P., a leading global investment management firm focused on alternative markets, with US$78.7 billion in assets under management as of June 30, 2012.

Written by asiafreshnews

October 8, 2012 at 10:42 am

Posted in Uncategorized

Far East Energy Provides Update on Private Placement of Senior Secured Notes

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HOUSTON, Oct. 5, 2012 /PRNewswire/ — Far East Energy Corporation (OTCBB:FEEC) previously announced the intention of Far East Energy (Bermuda), Ltd., a wholly owned subsidiary of Far East Energy Corporation, to offer, subject to market conditions, senior secured notes due 2017 in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”).

Far East Energy (Bermuda), Ltd. and its management, due to applicable rules and regulations, are prohibited from making further detailed statements related to the offering at this time. However, Far East Energy (Bermuda), Ltd. and its management continues to work with their advisors and potential investors to complete the transaction.

This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities described herein, nor any sale of these securities in any state in which such offer, solicitation or sale be unlawful prior to registration or qualification under the securities laws of such state. The securities to be offered have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state securities laws. The securities will be offered inside the United States only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act.

This press release contains forward-looking statements. Forward-looking statements give Far East Energy Corporation’s current expectations or forecasts of future events based on management’s beliefs and assumptions using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties, including those contained in Far East Energy Corporation’s filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that our expectations will prove correct. Forward-looking statements in this press release relate to, among other things, the closing of the private placement and the use of proceeds therefrom. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. The forward-looking statements speak only as of the date made and, other than as required by law, Far East Energy Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Far East Energy Corporation

Based in Houston, Texas, with offices in Beijing, and Taiyuan City, China, Far East Energy Corporation is focused on coalbed methane exploration and development in China.

Written by asiafreshnews

October 8, 2012 at 10:29 am

Posted in Uncategorized

A New World Record – The One Million Light Fantastic

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LONDON /PRNewswire/ — OLTIN YO’L GTL has set a new Guinness World Record for the largest light picture with over a million LED lights spread over an area of over three quarters of a million square metres, the equivalent of approximately one hundred full-sized football pitches.
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The light picture is of a full scale plan of the proposed OLTIN YO’L GTL plant in Shurtan, Uzbekistan. The record attempt, which broke the previous record of 50,010 LED lights, was in recognition of the launch of OLTIN YO’L GTL.
OLTIN YO’L GTL is a joint venture between Uzbekneftegaz, Sasol and PETRONAS, and will produce a range of high-value product streams through gas-to-liquids technology.
“We are delighted with this achievement. GTL is a leading light in the global energy landscape and it is through this spirit of innovation that will see Uzbekistan become a global destination of cleaner, high-value energy solutions,” said James Vaughan, General Director, OLTIN YO’L GTL.
The record attempt saw 24 kilometres of lighting with 1,012,840 LED lights and 14 kilometres of power cables used. It also needed 302 kilowatts of power from three generators, a railway station and a nearby gas and chemicals plant.
For more details please see:

Written by asiafreshnews

October 8, 2012 at 10:17 am

Posted in Uncategorized