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Outokumpu Rolls Out Quintiq’s Supply Chain Optimization Platform at Avesta Rolling Mill

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S’-HERTOGENBOSCH, The Netherlands, May 8, 2013 /PRNewswire/ —

Global leader in stainless steel continues to trust Quintiq to reduce costs and improve production processes

Quintiq, a global leader in supply chain planning and optimization (SCP&O), announced today that its platform is being rolled out at the Outokumpu Stainless AB in Avesta, Sweden to support the scheduling of cold flow operations. The project will be completed by the end of 2013, and Outokumpu’s cold flow area, which produces stainless steel coils and sheets, will experience tangible benefits immediately upon completion.

(Logo: http://photos.prnewswire.com/prnh/20130328/606756)

Outokumpu is the biggest stainless steel producer worldwide and its Avesta Plant houses cold flow operations including annealing, pickling and cold rolling facilities. To meet an increasing demand for better product properties and tighter process tolerances, Quintiq was approached to recommend a solution to optimize Outokumpu’s complex production challenges. Over the course of a three-day demonstration that tackled the plant’s most intricate planning puzzles in the cold flow area, the Quintiq team established the business benefits that its SCP&O platform would yield, and how optimization would raise the internal visibility of supply chain procedures.

In addition to minimizing the percentage of product reworks and reducing costs in the production process, other positive impacts of Quintiq’s platform for Outokumpu will include a reduction in lead-times and lower inventory levels. Reduced lead times will have a positive impact on customer satisfaction. Reduced inventory will have positive impacts on capital costs.

“We have had experience working with Quintiq from previous projects. They have knowledgeable staff and a robust working method that secures the achievement of the project goals,” said Gunnar Meller, Outokumpu VP of Supply Chain, Special Coil. “We intend to use the software for building a platform that facilitates continuous improvement of our deliveries.”

“This is the fourth project we’ve undertaken with Outokumpu,” said Francois Eijgelshoven, Quintiq VP of EMEA. “Quintiq’s platforms are an excellent match for the complex production processes of the steel industry. Outokumpu recognizes the business benefits that result from optimizing their supply chain, and we’re delighted to have the opportunity to continue the relationship.”

About Quintiq

Quintiq’s revolutionary supply chain planning and optimization (SCP&O) platform enables enterprises to improve efficiency at every stage of the supply chain journey. It powers end-to-end planning and optimization of personnel, resources, and processes in a single planning environment, across all planning horizons. Many of the world’s largest and most successful enterprises rely on Quintiq to achieve their business goals, strengthen their competitive advantage, and create new revenue streams.

Established in 1997 and growing rapidly, Quintiq has a global presence with dual headquarters in the Netherlands and the USA, a global development center in Malaysia, and offices around the world. Quintiq’s software is in use at over 500 locations in 78 countries worldwide.

For more information, visit http://www.quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.

Press Contacts:

North America Enquiries
Jon Temerlies
Racepoint Group
Tel: +1-202-349-0859
Quintiq@Racepointgroup.com

EMEA Enquiries
Charlotte Poh
Global Marketing Communication Manager
Tel: +31-(0)736910739
pressrelease@quintiq.com

View in PR Newswire Asia website: Outokumpu Rolls Out Quintiq’s Supply Chain Optimization Platform at Avesta Rolling Mill

Written by asiafreshnews

May 8, 2013 at 11:47 pm

Posted in All releases

Huawei Showcases Innovative ICT Solutions at Interop Las Vegas, Reinforces Commitment to Enterprise Market

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LAS VEGAS, May 8, 2013 /PRNewswire/ — Huawei, a leading global information and communications technology (ICT) solutions provider, presents its latest innovative ICT solutions at Interop 2013 in Las Vegas, U.S. The solutions, including Bring Your Own Device (BYOD), Cloud Data Center, Enterprise LTE, and Software-defined networking (SDN) solutions, are designed to help enterprises address the challenges and leverage the opportunities presented by the synergies of information and communication technologies.

“With Huawei’s proven leadership in the carrier, device and enterprise markets, the showcase of our innovative solutions at Interop 2013 not only demonstrates our leadership in areas such as network, cloud computing and LTE, but also exemplifies Huawei’s close collaboration with experienced industry partners, as well as our unwavering commitment to helping customers capture the opportunities of the ICT revolution,” said Mr. Patrick Zhang, President of Huawei Enterprise Marketing and Solutions.

“At Interop 2013, we are officially launching the ‘ICT Nation’, a new initiative designed to help U.S. enterprise customers and partners navigate the rise of ICT convergence,” said Mr. Jingyang Shen, President of Huawei Enterprise in the U.S. “ICT Nation is a community of vendors, partners and IT professionals that share a common goal to transform ICT into a competitive edge.  For the past two years, Huawei has continuously invested in the US enterprise market, building a robust and harmonious ecosystem and establishing collaborations with channel partners that specialize in industries like education, retail, manufacturing and media. Huawei’s ICT products and solutions are widely adopted by our key customers including top U.S. universities and fashion brands.  With innovative products and solutions, Huawei hopes to serve more U.S. enterprises and help them capitalize on the opportunities brought about by ICT convergence.”

Interop visitors will be invited to learn more about Huawei’s latest innovations at a series of product demonstrations on-site. Select partners will also be onsite to share their insights on a wide variety of topics. Key highlights include:

  • BYOD — Huawei will discuss the four pillars of a successful BYOD strategy: a secure end-to-end network; effective mobile device management; secure application development and deployment; and environment-aware policy.
  • Cloud Data Center — Huawei will showcase its Distributed Cloud Data Center (DC2).  The solution can consolidate multiple dispersed, layered, and heterogeneous data centers into a new distributed cloud format by using innovative architecture. Distributed Cloud Data Center (DC2) is composed of industry leading ICT products and solutions, such as Huawei CloudEngine 12816 data center switch, which features the highest performance in the industry, Huawei-developed highly efficient Cloud OS- FusionSphere, Huawei’s Big Data Storage N9000 with large-scale horizontal expansion and Huawei’s unified data center operation and maintenance management system — ManageOne with 1M servers management capacity.
  • SDN (Software-Defined Networking) — Software-defined network promises to revolutionize the way networks are built and operated. Huawei will share its SDN strategy and discuss how to increase efficiency and scalability in network design. 
  • eLTE Broadband Trunking solution — The industry’s first professional broadband trunking solution, offering efficient voice and video dispatching, professional trunking capabilities, flexible support for multiple frequency bands, agile network establishment, and strong capabilities to operate in harsh environments.
  • Partner Showcase — Huawei partners HVE Connexion, Netfast, Primasense, Softnet Solutions and Zadara Storage will be onsite to discuss a variety of topics including data center analytics, enterprise mobility, private storage for public clouds and more.

Huawei is located at Booth 1439 at the Mandalay Bay Convention Center in Las Vegas. Interop Las Vegas 2013 is held from May 7 to 10, 2013, in Las Vegas, USA. For more information on Huawei’s participation and events, please visit: http://enterprise.huawei.com/topic/interop2013_en/index.html

About Interop

Interop is an independently organized conference and exhibition designed to empower information technology professionals to make smart business decisions. Interop offers a strong combination of educational content, a dynamic exhibition of technology providers, and peer networking to IT professionals across all industries, so that they can investigate and discover transformative technologies and ideas to put to work across their enterprise. Interop has a 26 year history in the US — and has expanded beyond its beginnings in network infrastructure to encompass a broad range of technologies including Cloud, Virtualization, Data Centers, Wireless & Mobility, and Information Security.

View in PR Newswire Asia website: Huawei Showcases Innovative ICT Solutions at Interop Las Vegas, Reinforces Commitment to Enterprise Market

Written by asiafreshnews

May 8, 2013 at 11:33 pm

Posted in All releases

Culturecom and IBM Announce Joint Collaboration to Launch Ucan.com to Greater China Consumers

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A smarter gaming and music platform to provide hyper personalized services

HONG KONG, May 8, 2013 /PRNewswire/ — Culturecom Holdings Limited (Stock Code: 00343.HK) and IBM (NYSE: IBM) today announced their joint collaboration in creating a smarter gaming and music platform, Ucan.com, with IBM’s integrated, high value solution. Operated by Culturecom, Ucan.com will be an online smarter city that provides hyper personalized services to Greater China consumers.

Culturecom and IBM announce joint collaboration to launch Ucan.com, a smarter gaming and music platform to provide hyper personalized services.
Culturecom and IBM announce joint collaboration to launch Ucan.com, a smarter gaming and music platform to provide hyper personalized services.

Today, the forces of social media explosion, mobile proliferation, and hyper digitization have changed the ways people live, communicate and interact with each other, and put the empowered customers in control. In order to make Ucan.com a premier multi-functional platform for culture, lifestyle and entertainment, Culturecom is collaborating with IBM to equip Ucan.com with big data/analytics, social and cloud technologies to provide tailor made and customized services to customers.

Donald Kwan, Managing Director of Culturecom, commented on the collaboration, “We share the same vision with IBM to create differentiated experience for customers in this smarter, social era. The collaboration between Culturecom, Asia’s top comics and multimedia company, and IBM, a world leading business and information technology solutions provider, is a significant and win-win–win partnership to both Culturecom, IBM and the consumers in Greater China.”

Ucan.com is developed following the trend and characteristics of “Hong Kong Style” Comic. It is a virtual-reality lifestyle, entertainment and culture platform where users can interact and share in this smarter online city. With the full support from our founding shareholder Jay Chou and the abundant Hong Kong comic resources from Culturecom, Ucan.com is set to attract millions of fans to co-develop a virtual world with infinite possibilities.

Ucan.com is entering a new era of rapid development with the launch of Ucan.Sing by the end of June, and the provision of exclusive online game establishment and operation to “The Voice of China“, the current rank No.1 singing performance entertainment program in the PRC. Also, Ucan eCommerce, a service platform with diversified revenue business models, is expected to commence operation by the end of December this year.

“We are delighted to working together with Culturecom to build a highly scalable, secure and smarter platform to support the growth and ongoing operation of Ucan.com, as well as to infuse intelligence into the platform to build a solid foundation for an online smarter city. Becoming smarter is increasingly a winning factor for organizations in the smarter, big data era,” said Jinn Sin Lin, Director, Institute of Electronic Government, IBM Greater China Group and Technology Council member of IBM Academy of Technology.

Under the collaboration agreement, IBM helps Culturecom design, build and operate the Ucan.com platform from end to end. The solution includes:

  • A cloud computing infrastructure built on IBM PureFlex, a new breed of “expert integrated systems” that radically simplifies computing and transforms the economics of IT. It provides a highly scalable platform that can meet the surge of demands from millions of users, while offering the highest level of security and availability from a tier 4 data center.
  • Ongoing management and operation of the platform from IBM’s tier 4 data center in Suzhou for thirty months by IBM Global Technology Services.
  • Big Data/Smarter Analytics that encompasses advanced social analytics and customer analytics to understand social sentiment and customer wants and desires, to enable Ucan.com to provide hyper personalized services and deliver differentiated experiences to customers.
  • Smarter Commerce to enable secure integration of complex B2B processes with diverse partner communities in support of eCommerce on the platform.

“Our integrated solution enables Culturecom to focus on core business and drive innovation, while our highly available, secure and scalable cloud infrastructure will ensure a consistent and great customer experience. In addition, Big Data/Smarter Analytics will enable the creation of truly personalized services,” said Ernest Lee, Director, Smarter Planet Solutions, Software Group, IBM Greater China Group.

“We will continue to provide our best-of-class technology and ensure services delivery excellence to enable Culturecom to fulfill their customer promise and business objectives.”

Also under the collaboration agreement, Culturecom and IBM will create a joint technology innovation center to bring in international expertise and state-of-the-art technology to provide full-scale support to Ucan.com.

About Culturecom Holdings Limited (343.HK)

Founded in 1979, Culturecom is one of the largest comic publishers and animation developers in Asia. Over the past three decades, Culturecom owns over 200 comic titles. Our comics have been distributed in 14 countries across the globe and translated to 10 different languages. For more information about our comics business, please visit: www.culturecom.com.hk.

About IBM

For more information about IBM Hong Kong, please visit www.ibm.com/hk and the Facebook page at http://www.facebook.com/IBMHongKong

For inquiry, please feel free to contact:

Culturecom Holdings Limited IBM China/Hong Kong Limited
Ms. Avy Yu Ms. Florence Ma
Tel: (852) 2950 8843 Tel: (852) 2825 7626
   
PR Concepts Asia Limited  
Ms. Kelly Tang / Ms. Virgini Fung  
Tel: (852) 2232 3929 / (852) 2232 3981  
Mobile: (852) 9198 3630 / 6155 2981  
Email: kelly@prconcept.com / virgini@prconcept.com   

View in PR Newswire Asia website: Culturecom and IBM Announce Joint Collaboration to Launch Ucan.com to Greater China Consumers

Written by asiafreshnews

May 8, 2013 at 11:02 pm

Posted in All releases

MIE Announces Its First Quarter 2013 Operations Update

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HONG KONG, May 8, 2013 /PRNewswire/ — MIE Holdings Corporation (“MIE” or “the Company”, together with the subsidiaries, the “Group”; Stock Code:1555), an independent upstream oil and gas company engaged in the exploration, development and production of crude oil and natural gas in China, Kazakhstan and the USA, is pleased to announce its first quarter operations update.

Summary

The operating performance of the Company improved for the first quarter of 2013 as compared to the first quarter of 2012, the operated and net oil/gas production increased significantly and is according to company’s expectations to meet the 2013 full-year guidance previously included in the 2012 annual results announcement. The following table provides an overview of the Company’s preliminary operating results and product prices for the first quarter of 2013. Additional details about the Company’s operating results by area are provided in table at the end of this article.

   1Q 2013  1Q 2012  % Change  2013 Guidance 
Average Daily Operated Production (barrels of oil equivalent /day)

26,694

22,395

19.2%

 
Average Daily Net Production (barrels of oil equivalent /day)

14,348

12,540

14.4%

 
Average Daily Net Oil Production (barrels/ day)

13,452

11,811

13.9%

14,300~15,400

Average Daily Net Gas production (Mcf/day)

5,373

4,376

22.8%

4,300~5,100

Average realized oil price (USD/barrel)

104.28

116.04

(10.1%)

 
Average realized gas price (USD/Mcf)

1.68

1.15

46.1%

 
Total Wells Drilled 45 89 (49.4%) 138

Notes:

(1) For reference purpose only, Barrels of oil equivalent is calculated using the conversion factor of 6 Mscf of natural gas being equivalent to one barrel of oil

(2) Gross production includes production from all assets operated by the Company (excludes production from non-operated Eagle Ford asset held by White Hawk)

(3) Net production includes entitlement from all assets operated by the Company (excludes the entitlement from non-operated Eagle Ford asset held by White Hawk)

CHINA OPERATIONS

JILIN PROVINCE (DAAN, MOLIQING AND MIAO 3)

During the first quarter of 2013, gross oil production from Daan, Moliqing and Miao 3 oilfields in Jilin Province, Northeast China increased by 4.1% to 20,574 barrels per day; however, the net production attributed to the Company decreased by 8.5% due to less cost recovery oil as a result of the reduction in capital expenditure in 1Q13. Under the Company’s production sharing contracts (“PSCs”), the Company’s share of production consists of cost recovery oil and profit oil, the latter of which is the project’s free cash flow and what foreign contractor seeks to obtain. While the Company’s cost recovery oil from Daan, Moliqing and Miao 3 decreased from US$56.5 million in 1Q12 to US$25.5 million in 1Q13, its profit oil increased from US$67.8 million to US$77.0 million for the same period. More profit oil provides more free cash to support the exploration and development of Company’s other projects in China, such as Linxing and Sanjiaobei PSC projects in Shanxi, China and Emir-Oil in Kazakhstan, which will become the Company’s core projects.

Through more than a decade of development, Daan, Moliqing and Miao 3 have become the Company’s solid and sustainable base source of internally generated capital and talent. The Company’s ability to manage the project-level strong free cash flow from these three PSCs also helps minimize the operating risk of the Company.

SHANXI PROVINCE (LINXING AND SANJIAOBEI)

The Company is realizing the benefit of the continued exploration work carried out in alliance with its strategic partner, Sino Gas & Energy Holdings Limited (“Sino Gas” ASX: SEH). The independent technical consultant, RISC, classified 327 billion cubic feet of natural gas in Linxing and Sanjiaobei PSC as 2P (proved + probable) reserves in its resource assessment dated December 31, 2012, increasing the 2P reserve of Linxing and Sanjiaobei PSCs by 1,386% compared to yearend 2011. The upgrade indicates that the risk of Linxing and Sanjiaobei PSCs at this later stage of exploration phase has been reduced significantly. In the meantime the Chinese Government continues to encourage the development of unconventional gas projects and to provide economic incentives to accelerate these projects. As a result of Linxing and Sanjiaobei PSCs’ sizeable reserves and resources, exceptional fiscal terms and strong price regime, we have high expectations for the projects in the near future.

The key tasks for Linxing and Sanjiaobei PSC projects are to complete and submit Chinese reserve report (“CRR”) for Linxing East to the China government and to finalize the Sanjiaobei CRR. We expect to complete these tasks in the second half of 2013, followed immediately by preparing Linxing and Sanjiaobei overall development plans.

Our 2013 work program is designed to gather seismic and drilling data required for CRR preparation. With this design, we plan to drill up to 25 wells (including 2 horizontal wells) and complete 1,235km seismic lines in Linxing and Sanjiaobei in 2013. The planned number of wells to be drilled in 2013 nearly equals to the total wells drilled in Linxing and Sanjiaobei from 2006 to 2012. To achieve this, we plan to operate 10 rigs during the second quarter of 2013.

During the first quarter of 2013, we drilled 4 wells and completed 776km seismic line in Linxing and Sanjiaobei. Following the de-watering and flow testing, we expect to commence pilot production and gas sales on these wells in the second half of 2013.

TIANJIN CITY (KONGNAN)

We completed the acquisition of Pan-China Resources Limited (“PCR”) on December 14, 2012 and consolidated its financial statements (balance sheet) from December 31, 2012. PCR operates Kongnan block in Dagang oilfield, Tianjin, China under a PSC project entered into with PetroChina. Kongnan PSC commenced commercial production in 2009 and is in its profit sharing stage, with all historical cost having been recovered.

As of March 31, 2013, there were 64 wells in Kongnan PSC, among which 55 wells were producers and 9 wells were injectors. The average gross daily production was 1,550 BOPD for the first quarter of 2013, and average daily net production was 824 BOPD. The Company plans to drill two producers in 2013. One well was completed in April, 2013 and is expected to be put into production soon. Another well is expected to be spudded and put into production in the second quarter of 2013. The cost of the two wells will be recovered within the year. We expect PCR to meet its 2013 guidance.

Production from Kongnan PSC is sold at CINTA price. The average realized oil price was US$108.89 per barrel for the first quarter of 2013. The relatively strong oil price and existing production allow Kongnan PSC to contribute approximately US$ 2-3 million of revenue to the Company each month. The acquisition of PCR sets an example of the Company’s strategy of asset portfolio optimization.

KAZAKHSTAN OPERATIONS (EMIR-OIL)

The average daily oil production from Emir-Oil increased significantly by 79.6% from 1,905 BOPD in 1Q12 to 3,422 BOPD in 1Q13. Emir-Oil’s production is expected to ramp up in the second half of the year similar to the way it did in 2012 and to meet its expected guidance.

The average realized oil price for Emir-Oil was US$80.07 per barrel for the first quarter of 2013. The average realized export oil price was US$84.06 per barrel (after deducting export sales discount of US$22.12 per barrel), and average realized domestic oil price was US$37.97 per barrel. For the first quarter of 2012, all of the oil was exported and the average realized oil price was US$102.11 per barrel (after deducting export sales discount of US$23.79 per barrel). The average realized oil price in 1Q13 was lower than 1Q12 and the major reasons were: (1) BRENT price for 1Q13 was significantly lower than 1Q12 and (2) the export oil price in Kazakhstan is much higher than domestic oil price, and in 1Q12, all of Emir-Oil’s oil was exported to the market, hence the weighted average price was higher.

The average daily gas production was 5,071 Mcf/day for the first quarter of 2013, an increase of 48.2% compared to 3,421 Mcf/day for first quarter of 2012. The average realized gas price was US$1.36 per Mcf for first quarter of 2013, an increase of 18.2% compared to US$1.15 per Mcf for first quarter of 2012.

As of March 31, 2013, Emir-Oil operated a total of 33 wells, among which 17 wells were producing (including one exploration well Yessen-1 that is undergoing flow testing) and the remaining 16 wells were shut-in. Of all the 16 shut-in wells, 4 wells are waiting to be put into production. In addition to these 33 wells, 3 wells are currently being drilled. During the first quarter of 2013, Emir-Oil completed the drilling of 3 new wells.

USA OPERATIONS (CONDOR AND WHITE HAWK)

As of March 31, 2013, the Company operated three horizontal wells in Niobrara asset through the Company80% owned subsidiary, Condor Energy Technology LLC (“Condor”), and had approximately 5% non-operating working interest in 3 wells in an Eagle Ford asset through the Company’s 50% owned joint venture, White Hawk Petroleum LLC (“White Hawk”).

During the first quarter of 2013, Condor’s production ramped up rapidly. Its average net daily oil production was 139 BOPD, resulting from the production from the two new horizontal wells in Niobrara asset. The two wells, Waves 1H and Logan 2H, were drilled in the fourth quarter of 2012 and fractured and put into production in the first quarter of 2013. The Company’s first operations began in the USA in 2Q12, so there was no production from USA assets in 1Q12.

General Matters

The Company prepared the summary preliminary operating and product price data based on the most current information available to the management. As a result, its actual results could be different from these summary preliminary data and any differences could be material. Shareholders and potential investors of the shares of the Company should exercise caution when dealing in the shares of the Company.

Appendix: Operation data comparison between 1Q13 and 1Q12

Items  1Q 2013  1Q 2012  Increased/
(decreased) 
Increased/
(decreased) % 
2013 Guidance 
1. Crude Oil: Production & Realized Price           
1.1. Average daily operated production(barrels)  25,769   21,666   4,103   18.9%    
China, Jilin (Daan/Moliqing/Miao 3) 20,574 19,761 813 4.1%  
China, Tianjin (Kongnan) 1,550   1,550    
Kazakhstan(Emir-Oil) 3,422 1,905 1,517 79.6%  
US(Condor) 223   223    
1.2. Average daily net production(barrels)  13,452   11,811   1,641   13.9%   14,300~15,400 
China, Jilin (Daan/Moliqing/Miao 3) 9,066 9,906 (840) (8.5%) 9,300~9,800
China, Tianjin (Kongnan) 824   824   900
Kazakhstan(Emir-Oil) 3,422 1,905 1,517 79.6% 3,800~4,400
US(Condor) 139   139   300
1.3. Average realized price (US$/bbl)  104.28   116.04   (11.76)  (10.1%)   
China, Jilin (Daan/Moliqing/Miao 3) 113.30 118.81 (5.51) (4.6%)  
China, Tianjin (Kongnan) 108.64   108.64    
Kazakhstan(Emir-Oil) 80.07 102.11 (22.04) (21.6%)  
US(Condor) 85.68   85.68    
2. Natural Gas: Production & Realized Price           
2.1. Average daily operated production(Mcf)  5,553   4,376   1,177   26.9%    
China, Shanxi(Linxing/Sanjiaobei)          
Kazakhstan(Emir-Oil) 5,071 4,376 695 15.9%  
US(Condor) 482   482    
2.2. Average daily net production(Mcf)  5,373   4,376   997   22.8%   4,300~5,100 
China, Shanxi(Linxing/Sanjiaobei)         100~300
Kazakhstan(Emir-Oil) 5,071 4,376 695 15.9% 4,200~4,800
US(Condor) 301   301    
2.3. Average realized price (US$/Mcf)  1.68   1.15   0.53   46.1%    
China, Shanxi(Linxing/Sanjiaobei)          
Kazakhstan(Emir-Oil) 1.36 1.15 0.21 18.2%  
US(Condor) 7.07   7.07    
3. Total Wells Drilled  45   89   (44)  (49.4%)  138 
China, Jilin (Daan/Moliqing/Miao 3) 37 87 (50) (57.5%) 95
China, Tianjin (Kongnan)         2
China, Shanxi(Linxing/Sanjiaobei) 4   4   25
Kazakhstan(Emir-Oil) 3 2 1 50.0% 11
US(Condor) 1   1   5

About MIE Holdings Corporation

MIE is an independent oil and gas company engaged in the exploration and production of oil and gas in China, Kazakhstan and the USA. The Group operates the Daan, Moliqing and Miao 3 oilfields in the Songliao Basins and Dagang — Kongnan block in the Huanghua Basin under four separate production sharing contracts with PetroChina, the largest oil company in China and holds a 51% stake in a joint venture that operates Linxing and Sanjiaobei with unconventional gas assets in the Ordos Basin under two separate production sharing contracts. The Group also holds an exploration contract and four production contracts that allow the Group to conduct exploration and production activities in the Mangistau province in the southwestern region of Kazakhstan. In addition, the Group pursues other development and production opportunities in China, and exploration, development and production opportunities internationally, both independently and in partnership with other major and independent oil companies.

MIE is listed on the main board of Hong Kong Stock Exchange with stock code 1555.

For further information, please contact:

Trinity Communications Group Limited

Mr. Terence Wong +852 3758 2168 terence.wong@tri-hk.com 
Mr. Henry Ho +852 3758 2213 henry.ho@tri-hk.com 

View in PR Newswire Asia website: MIE Announces Its First Quarter 2013 Operations Update

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May 8, 2013 at 10:17 pm

Posted in All releases

iPinYou to Organize 2nd Global RTB Summit to Lead Digital Advertising into the Era of BigData and Cloud Computing

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BEIJING, May 8, 2013 /PRNewswire/ — iPinYou, the largest DSP (Demand-Side Platform) in China, today announced the 2nd iPinYou Global RTB Summit will be held on May 30 at the Beijing Pangu Seven Star Hotel in Beijing, China.

As the only annual high-level conference in global RTB advertising, the 1st iPinYou Global RTB Summit reached a big success, which not only gathered the top brand advertisers, agencies, major RTB players and global leaders, but also created a big buzz for driving the development of RTB advertising in China. This year’s upcoming summit will make a leap forward as there will be more experts and business leaders in global RTB advertising participating and sharing their insights through a series of keynote speeches, panel discussions and dialogues. Over 500 participants from Fortune 500 advertisers, including Microsoft, IBM, COFCO, leading agencies such as WPP, IPG, OMG, and global leaders in RTB advertising will discuss and showcase how BigData and RTB advertising create new value for the advertisers and how they open a door to a new era for digital advertising.

Dr. Tian Suning, the Founder of CBC Capital and the most representative pioneer in cloud computing in China, will deliver a keynote speech at the summit. Ciaran O’Kane, the Founder and CEO of AdExchangeWire, the world’s most influential media focusing on RTB advertising, Sara Ye, the President, China of IPG MAP and 20 other industrial leaders also confirmed they will participate in the summit. There will be an awards ceremony during the summit for announcing and awarding the Season One championship of The 1st Global RTB Algorithm Competition, organized by iPinYou and well-known academic organizations and universities worldwide including Princeton University, Peking University and UCSC.

For more detailed information about the summit, please access http://www.ipinyou.com.cn/globalrtbsummit/en/index.html

About iPinYou

Founded in 2008, iPinYou is a leading internet advertising technology company and the largest DSP (Demand-Side Platform) in China. Our vision is to improve the efficiency and productivity of digital advertising. We have built competitive advantages upon world-class real-time advertising architecture and algorithms and patented technology in audience profiling and audience targeting.

For more information please visit http://www.ipinyou.com.cn.

View in PR Newswire Asia website: iPinYou to Organize 2nd Global RTB Summit to Lead Digital Advertising into the Era of BigData and Cloud Computing

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May 8, 2013 at 9:17 pm

Posted in All releases

Huahai and Oncobiologics Create Broad Biosimilars Partnership

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CRANBURY, N.J., May 8, 2013 /PRNewswire/ — Oncobiologics, Inc. announced today that Zhejiang Huahai Pharmaceutical Co., Ltd and Oncobiologics have signed an alliance agreement for the development, manufacture and commercialization of biosimilar monoclonal antibody products. The scope of the agreement includes exclusive commercialization by Huahai of four biosimilars developed by Oncobiologics and manufactured in China at a Huahai biologics facility for the China market, and will also establish a co-development and commercialization partnership for launching such biosimilars to more than 30 developed countries, including the U.S., E.U., Japan, Canada and Australia. The partnership will seek local partners to drive commercialization in those 30 countries.

The four biosimilars are generic versions of Humira®, Rituxan®, Avastin®, and Herceptin®. These biologics are the most popular therapies in the world for their respective cancer and immune-disease indications, representing annual global revenue of more than $40 billion with more than $20 billion in the countries covered by this agreement. The partnership is planning to launch its first product by late 2016.

“This partnership is an important step toward introducing affordable, high-quality biotherapeutics to China. Huahai is thrilled to partner with Oncobiologics, which brings us excellent biologics development and manufacturing capability, and a deep knowledge of the scientific and quality requirements within the developed world,” said Vice Chairman of Zhejiang Huahai and CEO of Huahai U.S., Mr. Jun Du. “Through this partnership, we look forward to establishing a world class biologics operation in China while also participating in the very promising biosimilars market in the developed world.”

“Huahai is a leader in small-molecule pharmaceuticals in China, and was the first company in China to receive finished product manufacturing approval from the US FDA. They are distinguished by commercial strength in China and a deep quality culture in their operations, which is essential as we partner to create a strong biologics capability there,” commented Oncobiologics Founder & CEO Pankaj Mohan, Ph.D.

Mohan added, “Oncobiologics is fortunate to have a strong, experienced partner like Huahai as we work to launch these biosimilar assets to the world’s most important commercial markets.”

Financial terms were not disclosed.

About Zhejiang Huahai Pharmaceuticals Co., Ltd.
Zhejiang Huahai Pharmaceuticals Co., Ltd. was founded in 1989, and the company’s stock was successfully listed in Shanghai Stock Exchange in March, 2003. The company produces finished dosage forms, APIs (Active Pharmaceutical Ingredients) and intermediates for both domestic and international markets. With total assets of 3,200 million yuan, the company has 11 subsidiaries in the United States, Shanghai, Hangzhou, and Linhai. It occupies an area of 800,000 square meters, and has a staff of 3800. Huahai has been recognized as a National Key Hi-tech Enterprise, a National Pilot Enterprise of Innovation, a “State Certified Enterprise Technology Center” and is among China’s top 500 private enterprises. For more information, visit: en.huahaipharm.com

About Oncobiologics, Inc.
Oncobiologics is a privately-held biopharmaceutical company developing a pipeline of biosimilars and next generation biotherapeutics focused on clinically validated targets in the therapeutic areas of oncology, immuno-oncology, and immunology. Formed by a team of leading industry experts from firms such as Eli Lilly, Bristol-Myers Squibb, Amgen, Genentech, Merck and Pfizer, Oncobiologics operates from a state-of-the-art 30,000 sq. ft. R&D facility in Cranbury, NJ. For more information, please visit www.oncobiologics.com

Contact:  Rick Gregory
  Director of Marketing & Communications
  Oncobiologics, Inc.
  rickgregory@oncobiologics.com 

View in PR Newswire Asia website: Huahai and Oncobiologics Create Broad Biosimilars Partnership

Written by asiafreshnews

May 8, 2013 at 9:17 pm

Posted in All releases

SpringSense Meaning Recognition API v2.0 Retakes World’s Best Accuracy in Industry Benchmark

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MELBOURNE, Australia, May 8, 2013 /PRNewswire/ — SpringSense is once again the world’s most accurate noun-sense disambiguator, surpassing the latest in academic research to regain the top position. SpringSense remains the only Natural Language Processing (NLP) solution able to process English text in real time with near human accuracy, making it perfectly suited to Big Data and other high volume applications.

The latest version of the SpringSense Meaning Recognition API is now even more accurate with a score of 83.4% in the industry benchmark SemEval 4/7.

The patent-pending v2.0 API is available now for commercial use, with a free trial, via the Mashape API Hub.

Requiring no external interaction and able to process large amounts of text in real-time, SpringSense is ideal for high-volume transactional applications such as Enterprise Search and Big Data, in contrast to the previous accuracy leader, an academic solution which is not able to perform recognition in real-time. SpringSense owes its speed to an innovative approach to NLP which uses a patent-pending data-mining algorithm.

The benchmark used, SemEval, is an ongoing series of evaluations of computational semantic analysis systems, used as the standard method of quantifying the accuracy of Natural Language Processing algorithms.

The full story of how SpringSense regained its position as the world’s most accurate noun-sense disambiguator can be found at http://springsense.com/news/

About SpringSense

SpringSense is a young Australian startup dedicated to delivering our patent-pending natural-language processing algorithm to a global audience. SpringSense is a subsidiary of DiUS, a leading Australian software technology services company with offices nationally. www.springsense.com

About Mashape

Mashape is the Cloud API Hub which provide a world-class marketplace to manage, distribute and consume any kind of API in the world, both cloud and internal, both existing or just born, targeting every developer and organization committed into the internet.

The API is available at:
https://www.mashape.com/springsense/springsense-meaning-recognition

Contact:

Tal Rotbart
+61-409-605-703
trotbart@springsense.com

View in PR Newswire Asia website: SpringSense Meaning Recognition API v2.0 Retakes World’s Best Accuracy in Industry Benchmark

Written by asiafreshnews

May 8, 2013 at 9:17 pm

Posted in All releases

Hakka Tulou — Time-Honored Oriental Beauty

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SHENZHEN, China, May 8, 2013 /PRNewswire/ — The Hakka Tulou in Meizhou, Guangdong province are highly representative of the Chinese enclosed earthen buildings, which dot the mountainous areas of northern Guangdong and southeastern Fujian provinces. They have been referred to as “the most mysterious dwellings of the East” by numerous architects. Recently, CETV (China Entertainment Television Broadcast Limited) host Wen Tingru was featured in a set of photos detailing the culture surrounding the buildings. The TV host, in tandem with the photos themselves, exquisitely showcased the beauty of China‘s Hakka dwellings and of the Hakka culture with its thousands of years of history.

(Photo – http://photos.prnewswire.com/prnh/20130508/CN07866)

Chinese enclosed earthen buildings, built in the 17th century, were mainly designed in the shape of octagons and ellipses, heightening the interest that visitors from all over the world have in them. They are located mainly in China‘s Fujian, Guangdong and Jiangxi provinces. The photos, each featuring a graceful young Chinese woman with a different Hakka Tulou in the background, have received ample praise from millions of online visitors for their beauty and their historical connotation. Wen Tingru is often named as “the most graceful Chinese girl” by online audiences.

Chinese enclosed earthen buildings, with its mysterious and unique shape and structure, is as much a part of China‘s heritage and history as the Forbidden City and the more than 2,000-year old Great Wall. As knowledge of people and events in China becomes an integral part of the daily flow of news and information, the country, with both its natural and cultural landscapes and its unique Eastern charm, is becoming an ever more popular destination among visitors from all over the world. Perhaps China is becoming increasingly adept at combining its history and culture with the more popular elements of the day, to create art forms with mass appeal. China has a deep understanding of not only the cultural differences between countries but also the similarities that bind together all of the world’s cultures. The set of photos depicting these historical buildings reveals China‘s unique heritage and profound beauty, while the openness and unique culture demonstrated by these ancient structures that were built hundreds of years ago are undoubtedly the best symbol of the confidence and open attitude of the nation.

View in PR Newswire Asia website: Hakka Tulou — Time-Honored Oriental Beauty

Written by asiafreshnews

May 8, 2013 at 9:17 pm

Posted in All releases

Market Buzz for Insider Trading: Cisco, Yahoo, Apple, First Solar, Petroleo Brasileiro Petrobras S.A., and Tesla Motors

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HONG KONG, May 8, 2013 /PRNewswire/ — Insiderslab.com has issued insider trading reports for the following companies: Cisco (NASDAQ:CSCO), Yahoo! (NASDAQ:YHOO), Apple (NASDAQ:AAPL), First Solar (NASDAQ:FSLR), Petroleo Brasileiro Petrobras S.A. (NYSE:PBR), and Tesla Motors (NASDAQ:TSLA).

(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)

Report Highlights:

Cisco Systems, Inc. (NASDAQ:CSCO): By the end of last trading session, the shares of Cisco (NASDAQ:CSCO) lost US$0.43 (or 2.07%) to US$20.38 with 55.00 million shares exchanged hands, compared to daily average volume of 35.87 million. The trading price ranged between US$20.29 and US$20.71. Insiderslab.com found company insiders sold his/her shares at prices between US$20.78 and US$21.95 for about US$17.25 million in the first quarter. Investors may want to find out how Cisco insiders like CEOs, CFOs and Directors are thinking about the future of the company. Check this insider trade report for CSCO here.

Read Full Report: http://www.insiderslab.com/PR3/050813A/CSCO/Cisco.pdf

Yahoo! Inc. (NASDAQ:YHOO): By the end of last trading session, Yahoo! (NASDAQ:YHOO) shares rose US$0.90 (or 3.58%) to US$26.07 with about 25.88 million shares exchanged hands for the session, compared to its average volume of 16.94 million shares. Through the trading session, the share reached a new 52-week high of US$26.79. Insiderslab.com found company insiders sold his/her shares for about US$2.34 million in the last 90 days. Microsoft extended its internet campaign on Yahoo search. Investors may want to find out how Yahoo insiders like CEOs, CFOs and Directors are thinking about the future of the company.

Read Full Report: http://www.insiderslab.com/PR3/050813A/YHOO/Yahoo.pdf

Apple Inc. (NASDAQ:AAPL): By the end of last trading session, Apple Inc. (NASDAQ:AAPL) dropped US$2.05 (or 0.45%) to US$458.66 with about 17.28 million shares exchanged hands for the session, compared to its average volume of 17.05 million shares. Last week, the company issued US$17 billion bonds to supply its domestic cash flow. It is the very first time for the giant company to tap into the debt market. Insiderslab.com found company Senior Vice President, Jeffery Williams, sold his shares for about US$0.92 million. Insiderslab.com believes that it is a clever way to check if insiders like CEOs, CFOs, and Directors in Apple are starting to buy more company shares. See insider trade report for AAPL here.

Read Full Report: http://www.insiderslab.com/PR3/050813A/AAPL/Apple.pdf

Today Insiderslab.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. It will take some time for insiders to report their trades. Read these reports and add these companies into your Insider Trade Radar.

First Solar, Inc. (NASDAQ:FSLR):

Read Full Report: http://www.insiderslab.com/PR3/050813A/FSLR/FirstSolar.pdf

Petroleo Brasileiro Petrobras S.A. (ADR) (NYSE:PBR):

Read Full Report: http://www.insiderslab.com/PR3/050813A/PBR/PetroleoBrasileiroPetrobrasSA.pdf

Tesla Motors Inc. (NASDAQ:TSLA):

Read Full Report: http://www.insiderslab.com/PR3/050813A/TSLA/TeslaMotors.pdf

Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.

About Insiderslab.com:

Insiderslab.com covers insider trade data in major stock markets in the U.S., Hong Kong, Mainland China, and Singapore. Insiderslab.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.

Important Disclaimer:

Please visit insiderslab.com/disclaimers/disclaimers.php for details.

View in PR Newswire Asia website: Market Buzz for Insider Trading: Cisco, Yahoo, Apple, First Solar, Petroleo Brasileiro Petrobras S.A., and Tesla Motors

Written by asiafreshnews

May 8, 2013 at 9:17 pm

Posted in All releases

Winning Big Rewards with the Spin Fortune Wheel from DinoDirect

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HONG KONG, May 8, 2013 /PRNewswire/ — DinoDirect,com is now offering 3 chances to play their fortune wheel. This means that the chance of winning also increases three fold. The kind of prizes being offered include the IPAD4, Smartphone, Women Dresses, Men’s Clothing, OBD 2 Scanner and RC toys. These are prizes that can be won each day when you decide to play the Spin Fortune Wheel. The other prizes that can be won are gift cards, coupons and many other special prizes.

In order to start winning, it’s time to click on “spin” and begin.

There are certain rules of this campaign that are to be followed by the customers. First of all, a person has to sign up in order to win this wide range of prizes. Three chances are offered to customers every day to win these prizes. It is only the iPad 4 which are limited in number as prizes. Five of these can be won every day, as long as the supplies last. The other prizes are not limited in any way.

A spokesman for DinoDirect.com has claimed that they have kept the budget for this game as $12,000. This means that the game will continue until it is all spent. This means that the participants have bright chances for participating and winning.

People are making full use of this unique opportunity. More and more people are visiting the site each day.

Those who have won prizes, such as a cheap tablet pc are very happy and excited. They are happy as there is a wide range of prizes available for them. People have shared their excitement regarding the 3 chances that are available to them for winning. Even if they win on the first chance itself, they still have the option to win more prizes on these subsequent chances.

This is not all. Customers have also expressed happiness on the kind of merchandise being offered by DinoDirect.com as the prizes. The products are of high quality and provide good value for money. In addition, the choice is really wide, from women Dress to men’s clothing. This means that people can go on playing each day, without bother about receiving the same prizes.

About DinoDirect.com

DinoDirect China Limited is one of the biggest global online retailers. It offers a great quantity of products at competitive prices by cutting out the middleman and offering products directly to the consumers.

Related Links: http://www.dinodirect.com/html/spin-fortune-wheel.html

View in PR Newswire Asia website: Winning Big Rewards with the Spin Fortune Wheel from DinoDirect

Written by asiafreshnews

May 8, 2013 at 9:02 pm

Posted in All releases