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Covington Opens Shanghai Office

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WASHINGTON/PRNewswire/ — Covington & Burling has launched its Shanghai office, its third in Asia, following the opening of offices in Beijing in 2008 and Seoul in late 2012.
(Logo: http://photos.prnewswire.com/prnh/20120423/CL92331LOGO )
The firm will now have a total of 20 lawyers resident in these three offices, placing it among AmLaw’s Top 50 U.S. firms with a presence in Asia. The move strengthens the firm’s ability to provide corporate, dispute resolution, investigations, and regulatory capabilities for clients from the Americas and Europe seeking to do business in Asia and for clients in Asia seeking to do business in the rest of the world.
“Our Shanghai office enhances our practices in life sciences and technology transactions, FCPA, capital markets, M&A and securities in China and places those capabilities in the heart of one of Asia’s most dynamic business centers,” said Timothy Hester, chair of the firm’s management committee.
The Shanghai practice will be led by two partners: Eva Wang and Weishi Li. They will oversee a team of associates and counsel.
Ms. Wang practices corporate and securities law. Fluent in Mandarin, she has extensive private practice experience in China and also previously served as general counsel and vice president of legal affairs at Spreadtrum Communications, a leading NASDAQ-listed Chinese semiconductor company focused on the wireless communications market.
Ms. Li’s practice covers a wide range of technology transactions and IP-related advice. A native Mandarin speaker, she has significant experience representing multinational and Chinese companies in structuring and negotiating cross-border IP and technology-related transactions. Ms. Li has represented numerous companies in the life sciences sector, focusing on licensing, strategic alliances and joint venture arrangements. She further strengthens the firm’s life sciences platform in Asia.
Covington has been recognized as a leading firm by Chambers Asia Pacific and Legal 500 Asia Pacific. Chambers recently named the firm as a finalist for its 2013 China Awards for Excellence in the International Trade category. The firm has also been named by Corporate Board Member as one of the top 25 firms in the corporate arena. In addition, Chambers Global placed the firm in its top band for life sciences last year and PLC has ranked the firm as a leading life sciences law firm for each of the past nine years.
Contact:
Rebecca Carr
+1.202.662.5110
rcarr@cov.com
Source: Covington & Burling

Written by asiafreshnews

January 11, 2013 at 2:58 pm

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Messaging Good Cheer Over the Festive Season and New Year

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READING, England, January 10, 2013/PRNewswire/ —

Acision reveals spike in global multimedia messaging usage over the seasonal holiday period

Acision, the global leader in mobile messaging, today announced spikes in MMS traffic of up to 424%* over the winter holiday period – specifically on 24th December (Christmas Eve), 25th December (Christmas Day) and 31st December (New Year’s Eve). Comparing data from different countries across Europe, North America (NA), LATAM and APAC, Acision found a significant increase in the usage of MMS across the globe, particularly the sharing of video content. This demonstrates the enduring value of rich mobile messaging in mature and developing markets, regardless of access to mobile broadband and connectivity to social networks and content sharing applications.

In today’s socially savvy, connected world, growing numbers of mobile users look to use visual content and pictures instantly to show what they are experiencing, whether that be via picture and video applications such as Instagram and YouTube, social networks, communities or via other messaging services. This trend was reinforced during the 2012 festive periods, where Acision witnessed surges in MMS traffic during celebratory times.

Spain, for example, saw MMS usage increase by 384% on Christmas Eve, when compared to the same day the previous week. This was surpassed on New Year’s Eve, when MMS traffic increased by 424%. A similar trend was seen in Argentina, where Acision monitored a 146% increase on Christmas Eve, and a 133% rise on New Year’s Eve, with busiest hour of traffic – midnight on New Year’s Day – increasing by 377%. In the US, MMS traffic increased by 78% on Christmas Day, when compared to the same day a week earlier, and a 57% increase on New Year’s Day.

Video clips proved to be the most popular form of multimedia content shared, with video traffic increasing in Spain by an astounding 972% on 24th December 2012. This proves the huge popularity by mobile users who want to share videos of festive activities and good fortune with friends and family not able to be with them during the holiday period. Sharing video via MMS was also popular in Argentina, where it rose by 475% on Christmas Day. In the US, however, audio traffic saw the biggest increase of 289% on Christmas Day, compared to the same day the previous week, where users are most likely sending recorded messages to loved ones and friends wishing them a Merry Christmas.

In India, Acision enabled the delivery of one million MMS messages for a single operator in a 24-hour period, a 400% jump in traffic on an average day. Almost identical MMS figures were seen in India during Diwali, which highlights new consumer behaviour in developing regions, where mobile users want to share experiences and celebrations but do not necessarily have a broadband to do this via other networking applications. Malaysia, a predominantly Islamic state, also saw an increase in MMS traffic of 31% and 47% on New Year’s Eve and New Year’s Day, but a smaller increase on December 25th of 11%.

“This increase in the use of mobile messaging during the winter holidays is not entirely unexpected but it does confirm that MMS has shifted in our consciousness as a reliable way to reach loved ones with rich messages during this season,” commented Jorgen Nilsson, Chief Executive at Acision. “We put this surge down to consumers’ increasing desire to share rich content and special moments, stimulated by the global phenomenon of social networking, which has also been made easier by the growing popularity of Smart devices and access to networking applications.”

MMS provides an enriched, thoughtful, personal and yet unobtrusive way to let people know they are being thought of, especially for those who have friends and family around the world who were enjoying their seasonal gatherings or ushering in the New Year in different time zones. Indeed, in both developed and developing regions the preference to use MMS to disseminate visual and audio content instantly is underpinned by the reliability and guarantee that their message will be delivered. If packaged well, MMS presents an enormous opportunity for operators to capitalise on this trend as the service works without a broadband connection and means consumers can send rich content to anyone at any time,” continued Nilsson.

SMS figures also rose during the festive season. Spain experienced a 40% jump on both Christmas and New Year’s Eve, while the US experienced a more modest 27% rise on Christmas day. SMS traffic was also slightly higher in Argentina, where there was an 11% rise on New Year’s Day – compared with 19% for the USA. Interestingly, the growth in MMS was comparatively higher for Argentina than any other country monitored – its growth in SMS during Christmas was only 15%, suggesting that more users than ever are keen for richer experiences and turning to MMS.

Informa research from May last year found that over 387 billion MMS messages will be sent in 2016, representing about 1.7% of global messaging traffic, and making MMS the second most-used messaging application worldwide, after SMS. The spike in MMS during Christmas and New Year shows its popularity as a way to share content, particularly during seasonal holidays, festivities and events.

*Acision Data

NOTES TO EDITORS

About Acision

As the global leader in mobile messaging, Acision connects the world by powering relevant, seamless messaging services, which enrich the mobile communications experience and create new opportunities for carriers and enterprises across the world. For more information, visit Acision at http://www.acision.com

Written by asiafreshnews

January 11, 2013 at 2:35 pm

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Paladyne Invests in Senior Buy-side Talent, Expands Sales Team

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Jim Feingold Appointed as Global Head of Sales

LAKE SUCCESS, N.Y., Jan. 10, 2013 /PRNewswire/ — Paladyne Systems, a Broadridge Financial Solutions company (NYSE: BR) and a leading provider of next-generation investment management solutions, today announced the appointment of Jim Feingold as Global Head of Sales. In addition, joining the sales and business development team as senior hires are Devani Maijala, Lisa Zippelius and Michael Conti.

(Logo: http://photos.prnewswire.com/prnh/20111207/NY17351LOGO)

“We are pleased to expand our sales and business development with a seasoned team to be led by an industry veteran of Jim’s caliber as we continue to grow our client base across the buy-side globally,” said Sameer Shalaby, President, Paladyne Systems. “Since Paladyne was acquired by Broadridge we have significantly expanded our product offering and account coverage, and are extending into adjacent markets beyond the hedge fund community.”

“I am excited to join Broadridge and lead Paladyne’s sales team at this juncture. Broadridge’s global reach and commitment, combined with Paladyne’s extensive trading, portfolio management and enterprise data management capabilities, creates an institutional offering unique in the marketplace,” said Jim Feingold, Vice President and Global Head of Sales, institutional offering Paladyne. “We are at an inflection point right now as the buy-side faces an increasingly complex global market landscape, shifting government regulations and the need to monitor their business challenges in real-time. Paladyne offers a world class platform, in a truly hosted solution, to help investment management firms and their service providers with these challenges.”

Mr. Feingold will have responsibility for generating revenue globally, leveraging existing and developing new buy-side relationships directly with hedge funds, asset managers, service providers and channel partners; as well as supporting Paladyne sales into adjacent markets. He was most recently Global Head of Institutional Sales at Direct Markets, Inc., a subsidiary of Rodman & Renshaw, and prior to that Global Head of Sales and Marketing at Portware LLC. Mr. Feingold has more than 20 years of experience, with the last 15 years concentrating on electronic trading platforms and algorithms offered to both the buy-side and the sell-side. He has held sales and marketing positions at Progress Software, Merrill Lynch, Laidlaw Capital Management and Bloomberg Financial Markets.

Devani Maijala joins Paladyne as a Senior Director of Sales and will be primarily focused on expanding strategic relationships with global hedge fund administrators and asset managers. Previously, Ms. Maijala was a Senior Relationship Manager of the Americas at Bloomberg L.P. in the Enterprise Asset and Investment Manager (AIM) division, focusing on Portfolio & Risk Analytics. Ms. Maijala has over 12 years of experience in buy-side financial services, having held positions at FactSet Research Systems as an Assistant Vice President of Key Institutional Accounts, Thomson Reuters in the Markets Division, and at G.E. Capital.

Lisa Zippelius joins Paladyne’s New York office as a Senior Director of Buy-side Sales and will focus on the rapidly expanding prime brokerage channel for Paladyne. Ms. Zippelius spent nine years at Goldman Sachs where she was most recently a Vice President in the Prime Brokerage group as a trader on the Securities Lending desk. Prior to joining Prime Brokerage, Ms. Zippelius spent four years in FICC Sales and Trading at GS and two years in the Global Transaction Banking Group at Deutsche Bank. She is an active member in 100 Women in Hedge Funds and High Water Women.

Michael Conti joins Paladyne as Senior Director of Sales and will cover direct sales to hedge funds and asset management clients in the U.S. Mr. Conti was most recently at Thomson Reuters as a Global Sales Lead, and has over 25 years of industry experience, both in financial services technology and investment banking. He has headed sales and business development at Nirvana Solutions Inc. and Direct Services LLC, and also held senior positions at Lehman Brothers and Societe Generale.

About Paladyne Systems
Paladyne Systems, a Broadridge Company (NYSE:BR), is the leading provider of next generation investment management solutions. Paladyne offers its integrated front-, middle- and back-office platform, known as the Paladyne Suite, to hedge funds, asset managers, fund administrators and prime brokers. The modular Paladyne Suite includes order management, portfolio management, reference data management, data warehouse and custom reporting and reconciliation, and is complemented by the Paladyne Network, an integrated network of leading 3rd-party software and market data firms. The solution can be delivered onsite or via Paladyne’s industry-leading application service provider solution, SAS 70 Level II-certified Paladyne ASP. Paladyne was established in 2005 and acquired by Broadridge in 2011 and now serves over 225 clients worldwide. The firm has approximately 180 employees and is headquartered in New York, with regional offices in New Jersey, London, Russia and Hong Kong.

For more information, please visit http://www.paladyne.com.

About Broadridge
Broadridge is a technology services company focused on global capital markets. Broadridge is themarket leader enabling secure and accurate processing of information for communications andsecurities transactions among issuers, investors and financial intermediaries. Broadridge builds theinfrastructure that underpins proxy services for over 90% of public companies and mutual funds inNorth America; processes more than $4.5 trillion in fixed income and equity trades per day; and savescompanies billions annually through its technology solutions.

For more information about Broadridge, please visit http://www.broadridge.com.

Paladyne Media Contact:
Lisa Jane O’Neil
+1 (212) 786-7629
+1 (917) 361-8303
lisajane@ljoassociates.com

Broadridge Media Contact:
Kelly M. Howard
Broadridge
+1-212-981-1347
kelly.howard@broadridge.com

Written by asiafreshnews

January 11, 2013 at 2:05 pm

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Technology Firm DryWired To Distribute Patented Protective Nano-Coating Technology In Latin America, Middle East, Africa, India And Russia

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Nano-Coating Centers for the Hand-Held Electronics Industry to Open Globally
LOS ANGELES /PRNewswire/ — DryWired, a Los Angeles based technology firm and the leading licensee of a revolutionary European protective nano-coating technology launched this week at the Consumer Electronics Show (CES) 2013 in Las Vegas, NV. The innovative nano-coating is non-toxic, invisible, and undetectable to touch and allows virtually any coated surface to be resistant to water, corrosion, and the growth of bacteria.
(Photo: http://photos.prnewswire.com/prnh/20130110/LA40401LOGO)
The DryWired nano-coating technology is backed by 9 families of international patents issued to their European licensor over the span of two decades. The Award winning protective nano-coating has been developed, refined and successfully tested over a 16-year period on all types of assembled devices and electronic components. The water and oil repellent coating is applied through an environmentally friendly low-pressure vacuum plasma process depositing a layer of water and oil protection that is approximately 1600 times thinner than a human hair. Our range of custom treatment equipment comes in different sizes and is designed to accommodate everyone from the smallest mobile phone retailer to the largest electronics manufacturer. DryWired’s protective nano-coating can be applied at any point during the manufacturing process of a consumer electronic device and will not disturb a circuit board’s functionality.
“DryWired was created with a simple idea in mind: improve people’s lives by protecting the electronic devices that have become so important to them. ” says Felipe Pimiento, Chief Operating Officer of DryWired. “We are thrilled to be launching DryWired at CES and we look forward to distributing this exciting, proven, and tested technology in our international markets through our DryWired Coating Centers. Our centers will provide hand-held electronic distributors, manufacturers, and retailers with an opportunity to nano-coat portions of their inventory so that they can offer a more dependable product to their customers. ”
DryWired’s protective nano-coating technology is licensed in over 50 countries around the world, including Latin America, Middle East, Africa, India, and Russia. DryWired is focused on developing strategic alliances with handheld electronic retailers, distributors and technology manufacturers in its licensed territories.
For further information, please visit http://www.drywired.com or email info@drywired.com. For CES 2013 guests, please visit us at booth #25733, LVCC South Hall 2.
Press Contact:
DryWired
Alexis Wallsh
alexis@drywired.com
310-684-3891
Source: DryWired

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January 11, 2013 at 11:22 am

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Haier Showcases A Full Line-up of Smart Appliances at CES

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LAS VEGAS/PRNewsiwre/ — Haier, the world’s number one major appliance brand, is putting its full range of smart home appliances solutions on display during CES 2013 in Las Vegas. Haier’s smart appliances line-up includes its French Refrigerator, the world’s first single-door double temperature zone wine cooler, a full line-up of smart TVs, and other innovative products, which all show Haier’s innovative new smart features. In terms of TV products, Haier is exhibiting its new generation of smart TVs, which are characterized by their vision control, gesture control and face recognition features. “Smart control experience”, “ultra high definition”, and “cloud family” have become Haier TVs’ remarkable innovation keywords.
In recent years, the development of smart TV technologies has spawned a variety of human-machine interaction modes. Gesture control, vision control, motion sensing control and other innovative technologies are more and more mature. As one of the TV industry’s leaders, Haier launched the world’s first “No-tail TV” at CES 2010, and it also launched the world’s first human-machine interaction smart TV in 2011. In 2012, the debut of a virtually edgeless cloud TV (no frame TV) again led the innovation trend of the industry. This year, Haier’s smart cloud TV has taken the entertainment and interaction of smart TV to a new level with its smart content, smart interaction and smart share.
As the best launching platform of new technologies and new products, CES provides Haier with a global stage to showcase the breadth of its product assortment and highlight key emerging technologies. Haier, has not only become the focus of CES, but also achieved rapid development in the global market.
According to a recent report by Euromonitor International (the global leader in consumer market strategy research), Haier has again ranked as the number one major appliance brand in the world with a 8.6% retail volume share in 2012, marking the fourth consecutive year Haier has been given this honor. In addition, most recent data indicates that overall sales of Haier products in the U.S. have increased by 22.2% on a year-on-year basis, with 59.9% growth in refrigeration appliances, 110.4% growth in home laundry appliances, and 12.1% growth in air conditioners. In Russia, the overall sale of Haier products has achieved a year-on-year increase of 23.3%. In Japan, the overall sale of Haier products has achieved a year-on-year increase of 28.2%.
“Haier’s continuous focus on users’ demands plays a significant role in maintaining stable development in overseas markets,” said Mr. Li Pan, Director of Haier Overseas Markets. “Haier has set up five R&D teams in China, Asia, Europe, America and Australia. These teams can integrate global advantageous resources at full speed and provide users with high-quality smart appliance solutions,” added Mr. Li.
Haier constantly explores a development strategy that meets the requirements of the times. Based on the characteristics of industrial development in the Internet era, Haier has explored and entered the fifth development stage, the network strategy phase. At this phase, Haier will further explore the “Win-win Mode of Individual-Goal Combination”, and establish a platform-oriented enterprise. Therefore, Haier consolidates its global resources in R&D, manufacturing and marketing to create a customized home appliance solution for consumers.
Source: Haier Group

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January 11, 2013 at 10:11 am

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