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Archive for November 21st, 2012

New Technology & Products Intensively Released at CHTF 2012

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SHENZHEN, Nov. 20, 2012 /PRNewswire/ — This year’s China Hi-Tech Fair (CHTF) kicked off on Nov. 16 and will go until Nov. 21. During the two days following Nov. 17, exhibitors intensively released their new technologies and products at special activities organized by CHTF at Shenzhen Convention & Exhibition Center.

This is an enhancement of the function of CHTF as a platform for trading and transferring of research results and technologies, serving effectively to promote integration, connection and optimization of innovative factors such as technology, capital, information, human resource and market and helping exhibitors reap substantial gains from their displays in CHTF 2012.

At present, releasing activities include Business Match for Hi-Tech Projects, Road Show for Project Financing and Purchase Conference for Overseas Buyers.

The Institute of Crop Sciences of CAAS (Chinese Academy of Agricultural Sciences) unveiled their studies about dwarf abortion wheat and creation and application of efficient breeding of this species. This project won the First Prize of the National Award for Scientific & Technical Advancement in 2010. Leading the world, it is one of the major original innovations with intellectual property right exclusively owned by China.

Shenzhen Institutes of Advanced Technology, Chinese Academy of Sciences (SIAT of CAS) announced the results of its first Qrobot Cup International Contest of Robot Development & Application and presented awards to the winners during the releases.

Lenovo made a debut of some of its innovative products, including the world first 360-degree foldable tablet “IdeaPad Yoga” at the release. Shenzhen Yifang Digital threw a release conference for Yifang Windows 8 styluses, and Shenzhen HSAE had a release of new products jointly with Intel.

Harbin LiveChain Technologies Co. Ltd. displayed LiveChain Health Cloud at the information release.

The world leading intelligent video analysis technology developed by Anxin-China Holdings Limited for security & protection was revealed. Anxin has obtained an American patent for this technology, which is now an international leader in video analyzing.

There are more technical innovations to be witnessed at CHTF releases, including vehicle fuel cells developed by Sunrise Power, LED tunable light bulbs (G60K-02, 7.5W), an energy saving new product of Shenzhen Collection Enterprises, medlar juice and coffee produced by Merchants Bureau of Ningxia Autonomous Region, the BNW electric rice cooker of Shenzhen Bens Intelligent Electric Appliance, and OATOS enterprise cloud application of Shenzhen CONLECT Information Technology.

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November 21, 2012 at 4:38 pm

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Xiangyu Dredging Awarded “2012 ChinaDredging Company of the Year”

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Industry’s Prospect and Corporate Strengths Received Recognition
HONG KONG /PRNewswire/ — Xiangyu Dredging Holdings Limited (“Xiangyu Dredging” or the “Company”, stock code: 871), the largest privately owned dredging company in China in terms of dredging volume in 2010, has been awarded “2012 China Dredging Company of the Year” by Frost & Sullivan, the globally renowned consulting company, in recognition of Xiangyu Dredging’s outstanding achievements in terms of business expansion, technological advancement for environmentally-friendly dredging and targeted development strategies.
“China Dredging Company of the Year” aims at acknowledging excellent quality, superior services and good reputation of the chosen dredging company. Xiangyu Dredging is committed to providing quality customer-orientated dredging services. Amid a global and regional economic slowdown, Xiangyu has outperformed its peers thanks to a well-focused business strategy, especially with its expertise in environmentally-friendly dredging buttressed by a top-line alignment of advance technologies and equipments. In particular, the company’s leading technological edges in areas such as hi-efficiency drying has built for it a solid reputation within a short period of time in capital and reclamation dredging and leading the environmental dredging industry.
Frost & Sullivan, a global growth consulting company, publishes over 500 comprehensive industry converge per year, partners with clients to support the development of innovative strategies for more than 40 years. The company serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community. Frost & Sullivan has won a worldwide reputation for its high-quality services in more than 300 major industries.
Mr. Liu Kaijin, Joint Chairman, executive Director and CEO of Xiangyu Dredging, said, “Xiangyu is delighted and honored to see its hard work recognized by the international business community. We have adamantly adhered to a corporate mission of ‘Grasping every valuable opportunities to build a leadership in environmental protection dredging’. China’s favorable water conservancy and environmental protection policies open a broad horizon for Xiangyu’s growth plan. We are committed to build an ever more beautiful China with our experience and expertise as China’s leading player in environmentally protection dredging industry.”
About Xiangyu Dredging
Xiangyu Dredging has been listed on the Stock Exchange of Hong Kong (“SEHK”) on 20 June 2011. The Company is the largest privately owned dredging company in China in terms of dredging volume in 2010, according to the Frost & Sullivan Report. The Company is engaged in providing capital & reclamation dredging, environmental protection dredging, dredging related construction business and other marine business services. The Company has cultivated strong client relationships and has a strong project pipeline including large-scale projects with prestigious clientele. In 2011, the total revenue was increased by 203% to RMB 1.14 billion, integrated net profit grew by 219% to RMB 300 million. The Company has strong ability to evaluate project profitability and selectively engage in profitable projects, and have undertaken contract work on dredging projects such as Dalian Changxingdao Harbor Project and Tianjin Project. The Company achieved an average dredger working efficiency rate of approximately 83% in 2010, which was higher than the industry average of 70% in China.
This press release is issued by Wonderful Sky Financial Group Limited on behalf of Xiangyu Dredging Holdings Limited
Source: Xiangyu Dredging Holdings Limited

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November 21, 2012 at 3:29 pm

Fi India Introduces Rotating Round Table at Food Regulatory and Safety Summit – Winter Edition

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NEW DELHI, November 20, 2012/PRNewswire/ — Fi is launching for the first time, a Rotating Round Table Meet at the Food Regulatory and Safety Summit – Winter Edition, taking place from 12- 13 December in Delhi. This meeting will give attendees a chance to interact personally with industry experts. A close group of 8-10 people will have the opportunity to discuss specific issues with each expert panelist.

(Logo: http://photos.prnewswire.com/prnh/20121101/10055352 )

The Food Regulatory and Safety Summit – Summer Edition was a grand success.

Here’s what the past attendees had to say:

“Very useful as it gave the national and international scenario of the regulations” – Ajit Dua, Head Technical Operations and Quality Manager

“Provided me an in-depth framework on current ideas” – Milind Chavan, Research, ITC Limited

The Food Regulatory and Safety Summit – Winter Edition will focus on the latest regulatory issues in the food and beverage industry with key officials from FSSAI, FDA and industry experts on one platform. There is also a unique panel discussion addressing crucial issues like categorisation of food, new product approval, licensing, health claims and many more. Esteemed panelists for the summit include Dr Deepa Bhajekar, MD, Microchem Siliker, Dr B Sesikeran, Former Director, National Institute of Nutrition, Prabodh Halde, Regulatory Head, Marico, Padmaparna Dasgupta, Head Regulatory Affairs, GSK Healthcare, Vaibhav Kulkarni, Head Regulatory Affairs, Abott Nutrition International, Jose David, Head Regulatory, Tata Global Beverages and A Savitri, Head Regulatory, Britannia Industries.

Fi invites industry colleagues to submit their top challenges or questions to paulami.ray@ubm.com, which will be addressed and discussed by the expert regulators and panelists during the summit.

For more information visit http://www.foodregulatoryandsafety.com/pr

About Fi:

Food ingredients is the global meeting place for all stakeholders in the food ingredients industry. Over 500,000 people have attended our shows over the years, and billions of euros of business has been done as a result. Fi is held once every two years in a major cities across the world and brings together the world’s leading food and beverage suppliers, R&D, production and marketing specialists and showcases the most diverse range of new and innovative ingredients and services

About UBM:

UBM is a global live media and B2B communications, marketing service and data provider.

We help organisations make connections, communicate their proposition and do business effectively. We enable professional people in more than 40 countries around the world to connect and engage with each other, with the markets they serve and with the information they need to succeed. And we do this by whatever means works best – at live events, through digital media or in publications.

Our 6,500 expert staff are deeply embedded in the many specialist communities we serve, bringing both an unusual depth of understanding and real know-how. We organise hundreds of live events each year; we provide data, marketing and information products; we offer a portfolio of market-leading online and print titles; and we support professional communicators through our targeting, distribution and monitoring services.

Our culture of innovation and collaboration brings our people together around common interests to create value, enhancing our ability to do exactly the same for UBM customers. So, whatever their business and wherever they operate, our customers do better business through us. http://www.ubm.com

Shwetha Prabhu
Tel: +91-22-40461466
conferences-india@ubm.com

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November 21, 2012 at 3:01 pm

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DenTech China 2012 Closed with Success

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SHANGHAI /PRNewswire/ — DenTech China 2012 (the 16th China International Exhibition & Symposium on Dental Equipment, Technology & Products), approved by the Ministry of Science and Technology and organized by China International Conference Center for Science & Technology, Ninth People’s Hospital of Shanghai-Jiao Tong University and Shanghai UBM ShowStar Exhibition Co., Ltd, took place on October 24-27, 2012 at Shanghai World Expo Exhibition and Convention Center and closed with a great ending. This annual event is co-organized by College of Stomatology of Shanghai Jiao Tong University, School of Stomatology of Tong Ji University and Shanghai Stomatological Disease Center with support from China Association for Science and Technology, Chinese Stomatological Association and Shanghai Stomatological Association as well as hundreds of stomatology colleges and hospitals in China and dental manufacturers worldwide. The 6th Asian Dental Lab Outsourcing Exhibition was co-located with DenTech China.

DenTech China 2012 opening ceremony
DenTech China 2012 Opening Ceremony
According to the official statistics, the four-day event has attracted nearly 600 exhibitors from home and abroad, increased by 16% compared with that of DenTech China 2011, among which more than 300 exhibitors were from overseas markets including Austria, Brazil, Canada, Denmark, Finland, France, Germany, Hungary, Italy, Japan, Korea, Liechtenstein, Malaysia, Mexico, Poland, Sweden, Switzerland, Singapore, Turkey, the UK and US. DenTech China 2012 surpasses all its previous records and expands the exhibition space to 34,000 sqm, increasing by 6.25%.
During the 4 day period, over 100 world-wide renowned dental experts from different countries gave lectures in over 130 dental conference sessions and forums, covering key topic areas of dentistry. The 2012 event has attracted 68,300 visits including dentists, dental technicians, dealers and manufacturers, increasing 4.3% compared with that of last year, from over 80 countries sharing the latest technologies and developments of dental industry. More importantly, four highlighted sessions were also held during the event – the 14th session of Life, Science and Future Health Summit organized by the China Association for Science and Technology, Shanghai International Stomatological Implant Forum, Prosthodontic Forum and Orthodontic Forum. Totally, 13,850 visitors were recorded to attend.
In addition, as one of the most eye-catching activities, Consulate General of the Federal Republic of Germany hosted a grand reception dinner on October 25. Dr. Zhou Zengtong, President of the Shanghai Association of Orthodontists was invited to be presented and delivered a short speech on behalf of the organizer. And on October 26, on the occasion of DenTech China, Ivoclar Vivadent (Shanghai) Trading Co.,Ltd held an amazing party to celebrate its establishment.

Consulate General of the Federal Republic of Germany hosted a grand reception dinner on October 25.

Ivoclar Vivadent (Shanghai) Trading Co.,Ltd held a party to celebrate its setup.
Mr. Christian Brutzer, Corporate Management – Global Region Head Asia / Pacific Ivoclar Vivadent AG said, “For us, DenTech China is a most professional dental exhibition with the longest history, largest scale and great word of mouth in Greater China. Actually, we started to be part of it more than a decade ago and experienced its development. Ivoclar Vivadent has always been a close partner of DenTech China and will continue this kind of cooperation in the future.”
Dr. Yuanliang Huang, Prof. & Chair of Dept. of Dentistry, Shanghai East Hospital Affiliated to Tongji University also commented, “The event sets up an easy platform for all the dental professionals from the globe to exchange ideas, more than 100 research and technical forums are set to give us doctors lots of learnings. We sincerely look forward to the successful grand opening of its 2013 edition.”
DenTech China 2013 (the 17th China International Exhibition & Symposium on Dental Equipment, Technology & Products) will be held once again at the Shanghai World Expo Exhibition and Convention Center on October 23-26, 2013. For the most updated information, please visit DenTech China’s official website: http://www.dentech.com.cn/.
About UBM ShowStar
UBM ShowStar is a joint venture company formed in 2011 between Shanghai ShowStar Exhibition Service Co., Ltd. and UBM Asia Ltd. UBM ShowStar organises DenTech China, serving the exhibitors and professionals from the dental industry and is committed to building an efficient communications platform for the industry around the globe.
With its 20-year history, DenTech China achieved unprecedented success in 2012, with over 600 exhibitors, including the German National Pavilion that hosted 56 exhibitors and the US National Pavilion featuring 30 exhibitors. The 2012 event attracted over 68,300 and 13,500 visits for the exhibition and conference respectively. All the exhibitors who participated in 2012 have already confirmed their bookings for the 2013 show.
For more information, please contact:
Ms. Jingjing Xu
Tel: +86-21-6157 3955
Email: jingjing.xu@ubm.com
Source: UBM ShowStar

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November 21, 2012 at 2:42 pm

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Zimmermann Announces e-commerce Expansion

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Australian RTW & Swim Brand Bringing Sydney Style Across the Globe
NEW YORK /PRNewswire/ — Zimmermann, the Australia-based fashion and lifestyle brand known for its stylish ready-to-wear and chic swim designs, will be expanding its reach today. For the first time, the Zimmermann online store, Zimmermannwear.com, is open to customers outside of Australia and the USA. Shipping is now available throughout the United Kingdom, Europe, Asia, Canada, South America, the Middle East and the Caribbean.
(Photo: http://photos.prnewswire.com/prnh/20121120/NY16312 )
Zimmermann’s new customers will have access to a full range of ready-to-wear and swim collections through the e-commerce site. Currently, the site is carrying the new swim and resort collections, perfect for holiday travels. Zimmermannwear.com will offer premium courier delivery service to all customers.
ABOUT ZIMMERMANN:
Sophisticated femininity, clever color combinations and delicate, original prints embody the DNA of iconic Australian swim and ready to wear label, Zimmermann. Founded as a ready to wear line in 1991 by sisters Nicky and Simone Zimmermann, the label soon expanded into swimwear and won an immediate, loyal following among Australia’s tastemakers and trendsetters by being one of the first brands to fuse swimwear with fashion. The blending together of flattering, sexy silhouettes with bold color & print choices allowed Zimmermann’s sculptural bikinis and one-pieces to become the new point of reference for haute swimwear while its ready to wear collection took their signature style from the beach to the streets. In addition to swim and ready to wear, Zimmerman has extended into swim separates, kids and accessories — truly making it a lifestyle destination. Currently there are 15 stand alone shops in Australia and in 2011 Zimmermann opened its first store in the US in Los Angeles, CA. For more information, please visit: http://www.zimmermannwear.com.
SOCIAL MEDIA HANDLES:
Twitter: @zimmermann_
Instagram: @zimmermann_
Facebook: http://www.facebook.com/Zimmermann.Sydney
Source: Zimmermann

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November 21, 2012 at 2:27 pm

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Motor Sports has Just Gone Social with MoreThrottle.com Connecting Heads & Pistons Internationally!

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BIRMINGHAM, England, Nov. 20, 2012 /PRNewswire/ — MoreThrottle.com is a New Social Network for all Motor Sports. Fans, enthusiasts, teams, clubs, event organizers & all groups with a passion for all forms of motor racing can join.

MoreThrottle is the online Hub to keep up-to-date with motor sports events nationally & internationally, along with what’s happening at ground level in your locality.

MoreThrottle makes it easier for racing enthusiasts to find others with the same interests, to chat, swap ideas, make connections and highlight special events.

Members of MoreThrottle.com are real people of the Motor Racing Community and now they have a ‘Dedicated Social Network’ to promote their clubs and groups, set up forums and express their specific interests from Formula 1 to karting, MotoGP to Dirt-bike or Power Boats.

Members can have their say on ‘Torque Talk’ to link with enthusiasts globally. Blog competition news, compare views and get the low-down from other members on their experiences of drives, rides and venues. Compare tracks, discuss new products and events. You can meet new friends and post competition images, videos.

Members can create and join Special Interest Groups, internationally and locally. Specialist Groups can be of your local motor club or join MoreThrottle’s growing list of international groups.

Not everyone is a spectator and MoreThrottle.com also supports those taking part at many levels and all ages of their chosen motor sport.

One recent new member says: “It’s always hard to promote events to a relevant audience. Facebook is great, but does your Granny or old school-friend really want to know about your new Hans Device or your latest Track-day Time-Trial? MoreThrottle.com’s Calendar has made it easy to see what’s happening and inform other fans about our events and get instant feedback.”

MoreThrottle provides a platform for buying and selling from individuals and genuine enthusiasts, manufacturers and businesses.

MoreThrottle.com has linked with selected affiliated partners & advertisers to provide motor sport-relevant products and services with new product promotions and special ‘Members’ discounts. There’s also an affordable Members Classified section to help buy and sell items, products and services.

Join http://www.morethrottle.com; it’s free.

MoreThrottle.com is free to join and members can instantly communicate with other “Motor Heads” and “Piston Pushers”.

MoreThrottle.com will be at Autosport International, NEC, Birmingham, UK in January 2013.

Join for free today, tell your friends and make new ones at http://www.morethrottle.com

Contacts:
aidan@dylardnetworks.com
brian@dylardnetworks.com

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November 21, 2012 at 2:21 pm

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A Financial Assessment of Global Aerospace, Defense, Airlines and Airport Services Industries

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Frost & Sullivan hosts complimentary webinar that discusses a holistic approach on crucial ratio analysis for these industries
MOUNTAIN VIEW, Calif. /PRNewswire/ —
WHEN: Wednesday, November 28, 2012 at 11:00 a.m. EST

LOCATION: Online, with free registration

SPEAKERS: Frost & Sullivan’s Business Financial Services Financial Analyst Bharath M.

In the current state of the global economy, investors are increasingly becoming cautious and risk averse regarding their portfolio investments. This translates into a restraint for the aerospace and defense industry as investors are unwilling to commit huge amounts of money in an industry that is characterized by high capital requirements and longer gestation periods. Given this, an analysis of the financial performance of companies in this industry becomes important in order to aid investment-related decision making.
Attendees of the presentation will get an insight into the key business and financial risks faced by this industry’s participants, as well as an analysis of public companies based on profitability, liquidity, activity and solvency ratios. The presentation will offer participants a chance to identify top performers in the industry, and also learn about creating a portfolio that maximizes their returns for a given level of risk, while also getting a chance to ask our analyst questions during a live Q&A post-event.
This briefing will benefit companies operating in the aerospace and defense, as well as airline and airport services industries, private equity and venture capital investors, fund managers, retail investors, sovereign wealth fund, hedge funds, insurance funds and other members of the investing community. For companies operating in the industry, this briefing provides key industry ratios based on Frost & Sullivan analysis of public companies included within the study: Financial Assessment of Global Aerospace and Defense, Airlines and Airport Services Industries. For investors, the presentation will give important financial ratios and an insight into ideal portfolio allocation.
Supporting Quotes
“Analysis of over 190 public companies in the global aerospace and defense industry indicates that ratios such as return on total assets and return on capital employed have comparatively remained the same in 2011 and 2012,” said Frost & Sullivan Financial Analyst Bharath M.
Supporting Resources
For more information about Frost & Sullivan’s Business Financial Services Research Growth Partnership Services program, please visit: http://www.frost.financial.com.
Registration
To attend the briefing, email jeannette.garcia@frost.com your full name, job title, company name, company telephone number, company email address and website, city, state and country.
Receive a recorded version of the briefing anytime by submitting the aforementioned contact details.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on “the next big thing”
Register: Gain access to visionary innovation
Contact:
Jeannette Garcia
Frost & Sullivan
+1.210.477.8427
jeannette.garcia@frost.com
Source: Frost & Sullivan

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November 21, 2012 at 12:31 pm

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Kenshoo Named Sole Leader in Bid Management Software Evaluation by Independent Research Firm

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SAN FRANCISCO, Nov. 20, 2012 /PRNewswire/ —

Kenshoo Enterprise search engine marketing (SEM) technology earns top scores for current offering and strategy

Kenshoo (http://www.kenshoo.com), the global leader in premium digital marketing technology, today announced it has been cited as the single “Leader” in a bid management software evaluation by independent research firm Forrester Research, Inc.

(Logo: http://photos.prnewswire.com/prnh/20120907/559592 )

In its report, The Forrester Wave™: Bid Management Software Providers, Q4 2012, Forrester researched, analyzed, and scored 5 companies against 19 criteria to evaluate proprietary platforms for managing paid search media.

“Kenshoo is the only Leader,” states the report. “Kenshoo receives top scores in both the current offering and the strategy sections of our review due to its strong campaign management capabilities, dedicated local media module, and strong customer reference scores.”

The Forrester Wave methodology includes a rigorous process of surveys and scenario-based demos addressing current functionality, competitive differentiation and future plans. Kenshoo scored a 5.0, the highest possible rating, in Campaign Creation and Workflow, Keyword Identification, Testing, Ease of Use, Conditional Bid Optimization, Local Media, Quality of References, Number of Active Customers and Customer Retention.

Please visit http://www.Kenshoo.com/ForresterWave to download a complimentary copy of The Forrester Wave™: Bid Management Software Providers, Q4 2012.

“We believe that Forrester’s evaluation affirms Kenshoo’s industry strength and validates our focused commitment to creating best-in-class technology solutions for specific marketing channels,” said Will Martin-Gill, general manager of Kenshoo Enterprise and Kenshoo Local. “At Kenshoo, we pride ourselves on being first-to-market with innovative offerings that help our clients make more money in less time. We will continue pushing an aggressive agenda to deliver tools that help marketers capture the full opportunity in search marketing, social media and beyond.”

The Forrester Wave report follows an internal client performance audit Kenshoo conducted of all advertisers and agencies using its product suite for more than 12 months. Aggregate results show improvements in SEM return on ad spend with increases upwards of 126 percent in click volume, 187 percent in conversions and 137 percent in revenue.

Please visit http://www.Kenshoo.com/Performance to view an infographic depicting the results of Kenshoo’s internal audit.

“We’re very proud of the results we deliver for our clients and humbled to be recognized by Forrester as the leader in this evaluation,” said Yoav Izhar-Prato, co-founder and CEO of Kenshoo. “More than ever, Kenshoo remains committed to empowering the most sophisticated advertisers and agencies in the world with the premium tools needed to achieve continued success.”

About Kenshoo

Kenshoo is a digital marketing technology company that engineers premium solutions for search marketing, social media and online advertising. Brands, agencies and developers use Kenshoo Enterprise, Kenshoo Local and Kenshoo Social to direct more than $25 billion in annual client sales revenue. The Kenshoo Universal Platform delivers automation, intelligence, integration and scale to make better marketing investments. With campaigns running in more than 190 countries for nearly half of the Fortune 50 and all 10 top global ad agency networks, Kenshoo clients include CareerBuilder, Expedia, Facebook, KAYAK, Havas Digital, Hitwise, iREP, John Lewis, LendingTree, Resolution Media, Sears, Starcom MediaVest Group, Tesco, Travelocity, Walgreens, and Zappos. Kenshoo has 16 international locations and is backed by Sequoia Capital, Arts Alliance and Tenaya Capital. Please visit http://www.Kenshoo.com for more information.

Kenshoo is a trademark of Kenshoo Ltd. The Forrester Wave is copyrighted by Forrester Research, Inc. Other company and brand names may be trademarks of their respective owners.

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November 21, 2012 at 12:12 pm

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TauRx Pharmaceuticals receives $111.8m commitment from Genting to prepare for Market Leadership in Alzheimer’s

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SINGAPORE and KUALA LUMPUR, Malaysia/PRNewswire/ — TauRx Pharmaceuticals Ltd. (“TauRx”) announced today the receipt of a further equity investment of US$31.5m from Genting Management (Singapore) Pte. Ltd. (“GMS”), a wholly owned subsidiary of Genting Berhad. The amount represents the first tranche of a total investment of US$111.8m by GMS in TauRx in exchange for a 20% equity stake in the pioneering pharmaceutical company. The completion of the remaining US$80.3m investment by GMS is expected before the year end. TauRx also announced today the appointment to its Board of Directors of Tan Sri Lim Kok Thay, Chairman & Chief Executive Officer of Genting Berhad and Mr Tan Kong Han, President & Chief Operating Officer of Genting Berhad.
Professor Claude Wischik, Executive Chairman and Co-Founder of TauRx, said: “This investment by GMS affirms Genting’s confidence in TauRx and will be directed to the conduct of our pivotal global Phase 3 clinical trials in mild to moderate Alzheimer’s disease with LMTX™, TauRx’s Tau Aggregation Inhibitor (TAI).” The drug is the first TAI to be tested in late stage clinical trials. The Phase 2 trial in over 300 patients with an earlier version of the drug showed a 90% reduction in the rate of disease progression over two years, a result also supported by functional brain imaging.
According to Professor Wischik, “These Phase 3 studies, which have already started enrolling in the US, are aimed at confirming the disease-modifying effects seen in the Phase 2 trial in mild to moderate patients.” The first study in the Phase 3 program will involve 833 people with mild to moderate Alzheimer’s disease over 12 months, while the second study will include 500 people with mild Alzheimer’s disease over 18 months. A third smaller study will aim to confirm treatment benefit in FrontoTemporal Dementia in 180 subjects over 12 months. The clinical trials will be conducted in parallel and on a global basis including sites in Australia, Belgium, Canada, Finland, France, Germany, Italy, Russia, Spain, Netherlands, Singapore, Malaysia, Taiwan, US and UK. Professor Wischik points out: “These landmark studies could provide the first definitive data on a Tau-based approach to disease-modifying and preventive treatment of Alzheimer’s and FTD, with no Tau-based alternatives generating such data for at least the next 5-7 years.”
As for the new investment by GMS, Professor Wischik adds: “This is the most significant fund-raising event in TauRx’s history; it brings the total equity raised by the group to almost US$300m since the initial company was formed in 2002.” Prof Wischik also points out that the Genting relationship brings substantial operational support to TauRx’s global clinical development program. As part of the share subscription by GMS, which will see GMS becoming the largest shareholder of TauRx, TauRx and GMS will form a joint venture which will leverage on the Genting Group’s network and presence in Asia and which will focus on redefining healthcare delivery for Alzheimer’s and early cognitive impairment in Asia. Professor Wischik elaborates: “The joint venture’s business model would redefine healthcare delivery for one of the most costly medical conditions of our time – Alzheimer’s Disease, as it integrates each step in the continuum of healthcare delivery from the development of clinics specializing in early detection, through the management of cognitive impairment with innovative diagnostic tools to the early intervention with LMTX™”. LMTX™ is a second-generation TAI that targets the Tau tangles and their precursors, dissolving them in order to halt harmful effects on memory. The joint venture would have the potential to create a clinic-based assessment and treatment capability that does not impact on TauRx’s ability to offer distribution and marketing rights to conventional pharmaceutical partners active in Asia. “Such an innovative and practical approach to partnering and to addressing a major societal concern is typical of the fresh commercial thinking to be found within South East Asia,” says Professor Wischik.
About TauRx Therapeutics:
TauRx Therapeutics Ltd was established in Singapore in 2002 with the aim of developing new treatments and diagnostics for a range of neurodegenerative diseases based on an entirely new approach which targets aggregates of abnormal fibres of Tau protein that form inside nerve cells in the brain. The TauRx team have since discovered that LMTX™ could also have beneficial effects in several other neurodegenerative diseases associated with Tau pathology, as well as other protein aggregation disorders including Parkinson’s, Huntington’s and Frontotemporal Dementia (Pick’s Disease). While TauRx headquarters are in Singapore, its primary research facilities are in Aberdeen, Scotland.
About Genting Berhad:
Genting Berhad, its subsidiaries and affiliates operate under the “Genting” name. It is recognised as one of Asia’s leading and best managed multinationals. There are 5 public companies listed in 3 jurisdictions operating under the “Genting” name, namely Genting Berhad, its subsidiaries Genting Malaysia Berhad, Genting Plantations Berhad and Genting Singapore PLC as well as its affiliate, Genting Hong Kong Limited, with a combined market capitalisation of about US$35 billion as at 9 November 2012. Collectively, they have over 52,000 employees, 4,500 hectares of prime resort land and about 166,000 hectares of plantation land.
In healthcare, Genting Berhad has invested in Synthetic Genomics Vaccines, Inc, a company founded by Synthetic Genomics, Inc. and the J.Craig Venter Institute to develop next generation human vaccines using genomic sequencing and synthetic genomic technologies. Synthetic Genomics, Inc is a company founded by world-renowned scientists, J. Craig Venter, Ph.D. and Nobel Prize-winner Hamilton O. Smith, M.D. Genting Berhad is also a major shareholder of London based DNA Electronics Limited (“DNAe”) which owns rights to patents and know-how in the design and fabrication of a point of care handheld device for real-time detection of any target nucleic acid (DNA and RNA) sequence.
Source: TauRx Pharmaceuticals Ltd.

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November 21, 2012 at 12:07 pm

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Ex-Im Approves $461 million to Finance Export of U.S. Satellites to Hong Kong

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WASHINGTON /PRNewswire/ — In a decision that will support thousands of high-tech jobs in the U.S., the board of the Export-Import Bank of the United States (Ex-Im Bank) has authorized two transactions aggregating $461 million to underwrite the export of American-made satellites to Hong Kong.
(Logo: http://photos.prnewswire.com/prnh/20110414/MM83673LOGO)
The pair of transactions will support approximately 3,700 U.S. jobs, according to Bank estimates derived from Departments of Commerce and Labor data and methodology.
“We are excited to play such a key role in two dynamic transactions that will support several thousand high-paying U.S. jobs in the satellite and aeronautics industries,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “These products reveal the technological ingenuity and innovation of American companies and will benefit millions of people the world over as we orient ourselves more and more to the future.”
Asia Broadcast Satellite (ABS) of Hong Kong will deploy the satellites to upgrade and expand its fleet, which offers coverage to 80 percent of the world’s population and targets emerging markets in Africa, Asia, the Middle East, and Russia.
“We are absolutely delighted with the support of Ex-Im Bank to provide us financing for our upcoming satellite and launch platforms. In ABS-2, Space Systems/Loral provides us with one of the largest satellites ever to be launched over Asia. Separately, the combination of Boeing 702SP satellites and the Falcon-9 launch vehicles will revolutionize the Fixed Satellite industry with the most cost effective delivery of satellites into orbit,” said Tom Choi, chief executive officer of ABS. “With these satellites, ABS will extend the reach of affordable and reliable communications and broadcast services to the emerging markets of the world. We are proud to be partnered with such innovative companies and we are extremely thankful for Ex-Im’s financing support.”
In the first transaction, the Bank authorized a $171.29 million direct loan to ABS to finance the purchase of a FS1300, C/Ka/Ku-band geostationary satellite from Space Systems/Loral Inc. (SS/L) and insurance from Aon. The satellite is scheduled to launch in 2013.
SS/L, a Palo Alto, Calif.-based provider of satellites and space systems, has manufactured more than 250 satellites since 1960. The satellites have delivered an excess of 1,900 years of on-orbit service.
“Export-Import Bank financing helps make U.S. manufacturers more competitive and keeps our space industry strong,” said John Celli, president of Space Systems/Loral. “Our work on the satellite for ABS keeps hundreds of engineers, technicians and managers employed here in Palo Alto and many hundreds more at suppliers across the U.S.”
Additionally, the Bank authorized a separate $289.71 million direct loan to ABS to facilitate the purchase of two 702SP C- and Ku-band geostationary satellites from Boeing Satellite Systems International (Boeing), insurance from Aon, technical support, and the launch of both of the satellites with Space Exploration Technologies (SpaceX) Falcon 9. The transaction will finance the first two of Boeing’s all-electric-propulsion commercial satellites and the first Ex-Im Bank-backed SpaceX launch. The two satellites are planned to launch in 2015 from Cape Canaveral, Fla.
“The Bank’s support of this important satellite operator, one of two launch customers, finds it again at the forefront of helping fulfill a global opportunity with an advanced-technology, American-made product,” said Craig Cooning, chief executive officer of Boeing Satellite Systems International. “Our all-electric propulsion means lighter launch weight, which translates into more payload capability at a lower cost in orbit. It ultimately means we can offer customers more and capture sales that will support hundreds of high-tech American jobs.”
Founded in 2002 and headquartered in Hawthorne, Calif., SpaceX designs, manufactures and launches rockets and spacecraft. It is the first private company to build, launch, and dock spacecraft at the International Space Station, a mission previously accomplished only by government space entities.
“Ex-Im Bank’s financing of the ABS mission on a Falcon 9 launch vehicle marks the first SpaceX international launch deal to receive Ex-Im backing, and we look forward to many more to come,” said Gwynne Shotwell, SpaceX president. “SpaceX is rapidly winning back market share in a commercial field once dominated by the U.S. The support of Ex-Im is great for our customers, our jobs, and our country.”
HSBC Hong Kong and New York Project & Export Finance teams acted as lead financial advisor to ABS throughout the Ex-Im Bank application and due diligence processes.
In FY 2012, Ex-Im Bank authorized approximately $1.4 billion in satellite transactions.
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.
Ex-Im Bank approved $35.8 billion in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than $6.1 billion directly supporting small-business export sales – also an Ex-Im record. Ex-Im Bank’s total authorizations are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country. For more information, visit http://www.exim.gov.
Source: Export-Import Bank of the United States

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November 21, 2012 at 11:49 am

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