Archive for June 27th, 2013
ACE-Listed Inari Berhad Completes USD32.0 Million Acquisition of Opto-Electronics Manufacturer Amertron Inc (Global) Limited
MANILA, Philippines, June 26, 2013 /PRNewswire/ —
Acquisition includes takeover of manufacturing facilities in the Philippines and China
Acquisition expands footprint into opto-electronics and fiber-optics technologies
Combined group annual turnover expected to more than double
Inari Berhad announced today the completion of its 100% acquisition of opto-electronics manufacturer Amertron Inc (Global) Limited. The purchase consideration for Amertron Inc is US$32 million (RM102.87 million), pending a completion audit of Amertron’s NTA.
The acquisition includes the takeover of Amertron Inc’s wholly-owned subsidiary, Amertron Incorporated, which operates two manufacturing facilities in Clark Field and Paranaque, Philippines. The deal also includes the takeover of Amertron Inc’s wholly-owned subsidiary, Amertron Technology (Kunshan) Co. Ltd, which operates a manufacturing facility in Kunshan, China.
Inari Berhad’s Executive Vice Chairman, Dr Tan Seng Chuan, said, “The completion of the acquisition of Amertron Inc marks a significant milestone in Inari Berhad’s growth strategy as, in addition to the acquisition having an important impact on the group’s future financial performance, we will now be able to expand our existing Electronic Manufacturing Services (EMS) business to include opto-electronics and fiber-optics products which is in line with plan to diversify our existing Radio Frequency EMS business. The addition of opto-electronics to our products portfolio immediately elevates Inari Berhad to being a significant player in the EMS sector, particularly in the global aerospace and micro-electronics industry.”
“In addition to leveraging on Amertron’s existing production capacity, client base and markets, this acquisition is expected to more than double the group’s combined annual turnover for the financial year ending June 30, 2014. We see the integration of Amertron’s Inc’s 2,800 skilled workforce in the Philippines and China to also immediately alleviate our long-term concerns of the shortage of skilled labour in Malaysia, while providing opportunities for Malaysians to upskill in these technologies. These developments give a further boost to the expansion of our Radio Frequency EMS plant in Penang next month in addition to the upscaling of our fiber-optics operations in Iskandar, Johor,” he added.
Group CEO Mr. Lau Kean Cheong explained that as key enabling technologies, opto-electronics and fiber-optics offers tremendous long-term benefits and advantages to the company, as they are increasingly becoming the core technological components in the Electrical and Electronics (E&E) and Telecommunications sectors and the ever growing number and diversity of applications and usages that they have created.
About Inari Berhad
Inari Berhad is an investment holding company with wholly-owned subsidiaries involved in the electronics manufacturing services (EMS) industry. Inari Berhad currently has four wholly-owned subsidiaries: Inari Technology Sdn Bhd, Inari South Keytech Sdn Bhd, Simfoni Bistari Sdn Bhd and Inari International Limited. Inari Berhad also has a 51% subsidiary, Ceedtec Sdn Bhd.
Established in 2006, Inari provides semiconductor packaging services for global players in Radio Frequency (RF) mobile industry, which include back-end wafer processing and RF testing. Inari’s finished products are System in Package (SiP) and Quad Flat No-Lead (QFN), key components used in the manufacturing of a wide range of electronic products.
Inari’s products are used mainly in the wireless telecommunications, including smartphones, 3G devices, cellular phones, wireless communications, computing peripherals and medical sectors.
Edelman
Jayandh Owen
+60-3-2287-8689 Ext. 225
jayandh.owen@edelman.com
Sasha Yap
+60-3-2287-8689 Ext. 206
sasha.yap@edelman.com
Inari Berhad
Justine Jiew
Head, Corporate Affairs
+60-4-645-6618
justine.jiew@inariberhad.com
Source: Inari Berhad
World Environment Forum Advocates Raising Environmental Awareness
SAO PAULO, June 26, 2013 /PRNewswire/ — The World Environment Forum sponsored by the LIDE – Grupo de Lideres Empresariais [Group of Business Leaders] in Foz do Iguacu on June 21 and 22, was an invitation to society to rethink its habits in pursuit of environmental preservation. The theme – “2013: International Year of Cooperation on Water” brought together 405 businessmen, activists and government officials.
Roberto Klabin of LIDE Sustentabilidade [LIDE Sustainability], and Pedro Passos of SOS Mata Atlantica, delivered a manifesto for Iguacu Park to Izabella Teixeira, Minister of the Environment, and Beto Richa, Governor of Parana. Minister Teixeira took a position against the reopening of the Estrada do Colono highway, which cuts across the Park. “I do not need to reopen the highway to promote the sustainable development of Parana,” she said.
Subsequently, Luiz Cheida, Secretary of Environment and Water Resources for the state of Parana, Vicente Andreu, President of the National Water Agency, Governor Richa and Minister Teixeira signed the National Water Management Pact, an initiative to strengthen water management in Brazil.
Lectures
On the panel entitled, “The global water crisis,” the President of the National Water Council, Benedito Braga, stressed the need to ensure water security, providing access to water of good quality. “Providing water security for the public is an obligation of the State. We’ve got the technical solutions, but the issue is political and financial.”
In his lecture on “Water management in Brazil and the world,” Robert Kennedy Jr., a specialist in environmental law, said that privatization is the worst problem before us now. According to Kennedy, everyone should have a right to water, even those who cannot afford to pay for it.
Jean-Michel Cousteau, oceanographer and President of the Ocean Futures Society, called attention to the fact that there is only one water system in the world. “It is a critical moment. We must find solutions to protect the planet’s living beings,” he declared, on the panel, “Environmental Services of the Oceans.” As Cousteau sees it, Brazil has an opportunity to assume leadership and persuade other nations to protect the environment.
Marina Silva, former Minister of the Environment, defended the recent mass demonstrations and stated that “a new political subject is emerging as a result of technology.” In her view, people do not wish to remain in the position of powerlessness they have been placed in.
The Foz do Iguacu Charter [Carta de Foz do Iguacu] sums up the conclusions reached at the Forum,underscoring the need for changes in patterns of consumption to take ecosystems and water resources into account. It proposes the implementation of public policies to guarantee the protection and distribution of water and sanitation in the short term. A platform was also created for immediate actions, such as the non-creation of the Iguacu Park highway, approval of the PSA draft law before 2014, and the establishment of tax incentives to promote sanitation.
For further information: Erica Valerio – erica.valerio@cdn.com.br +55 11 3643.2710
Machine-to-Machine (M2M) Communications: Realizing the Vision of Hyper-connectivity
Join complimentary webinar to identify the future of the ‘Internet of things’: key M2M trends in North America and Europe
MOUNTAIN VIEW, Calif., June 25, 2013 /PRNewswire/ —
WHEN: Wednesday, June 26, 2013 at 11:00 a.m. EDT
LOCATION: Online, with free registration
SPEAKERS: Principal Analyst,Vikrant Gandhi; Senior Industry Analyst,Yiru Zhong; Industry Manager, Saverio Romeo for Frost & Sullivan’s Information & Communications Technology practice
Leading mobile operators continue to add millions of new machine-to-machine (M2M) connections every year, which indicates a high level of demand for cellular connectivity in M2M. This Frost & Sullivan analyst briefing on the M2M communications market will provide insight into key trends and opportunities in the connected machines space in the United States and Europe. A wide range of vertical markets are driving the growth of M2M as platforms, applications, and business models continue to advance. Moreover, the migration to mobile broadband has led to new M2M customers adopting the 3G/4G networks to ensure long-term continuity of their M2M business operations.
Why You Should Attend:
Learn about the market size and forecasts for M2M in North America and Europe
Identify key vertical trends and growth opportunities
Learn about platforms and keys to success in the rapidly evolving M2M market
Participate in the interactive Q&A session
This briefing will benefit mobile operators, M2M solution providers, hardware vendors, application providers, and enterprises with M2M deployment plans. Industry participants will learn how M2M helps customers increase business efficiency, deliver better services to customers, and ensure sustainable business operations. Frost & Sullivan will also highlight the key drivers of next-generation M2M and vertical market trends.
“Mobile operators are literally sitting on a goldmine with M2M,” said Gandhi. “There is a growing realization about the benefits of mobility in a wide range of industries. Everything has the potential to be connected.”
Supporting Resources
For more information about Frost & Sullivan’s Information & Communications Technology practice, please visit: http://www.frost.com/ICT
Registration
To attend the briefing, email mireya.espinoza@frost.com your full name, job title, company name, company telephone number, company email address and Web site, 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.
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Contact:
Mireya Espinoza
Frost & Sullivan
+1.210.247-3870
Mireya.espinoza@frost.com
Source: Frost & Sullivan
Global momentum for energy efficiency requires more bipartisan support, public goals and private finance
- Johnson Controls energy efficiency survey reveals 116 percent increase in the importance of energy management since 2010
MILWAUKEE, June 26, 2013 /PRNewswire/ — New research by Johnson Controls, the global leader in delivering solutions that increase energy efficiency in buildings, shows energy efficiency interest rose 116 percent globally since 2010, with those who set goals making the greatest strides in reducing energy use. Momentum is also growing for green building certification and green tenant space leasing, although many cite a lack of funding and uncertainty over government policy as obstacles to investment.
Click here to view video, fact sheets and presentations about this story:
http://www.multivu.com/players/English/57694-johnson-controls-2013-energy-efficiency-indicator-global-survey/.
“We need public policies and private investment that work together to reduce the market’s uncertainty, and capture this year’s momentum toward a more energy efficient global economy,” said Dave Myers, president of Johnson Controls Building Efficiency. The Energy Efficiency Indicator is a global survey of more than 3,000 building owners and operators in 10 countries.
MEDIA CONTACT:
Sarah Zwicky
sarah.zwicky@jci.com
+1-414-524-6916
Technical issues with the interactive media player? Please send an e-mail to multivuonline@multivu.com.
A10 Networks Receives Frost & Sullivan’s Japan Growth Leadership Award for Excellence in the Application Delivery Controller Market
TOKYO, June 26, 2013 /PRNewswire/ — A10 Networks, Inc., the technology leader in Application Networking, today announced it is the recipient of the 2013 Frost & Sullivan Japan Award in the category of “Growth Leadership in the Application Delivery Controller Market.”
(Logo: http://photos.prnewswire.com/prnh/20130103/SF36188LOGO )
Now in its third year, the Frost & Sullivan Japan Award recognizes companies that push the boundaries of excellence by rising above the competition and demonstrating outstanding performance in Japan. For this award, research firm Frost & Sullivan bases its selection on a company’s revenue and growth rate, growth strategy and portfolio diversity, product and technology innovation, and customer-oriented leadership.
“We are very honored to receive this prestigious award from Frost & Sullivan,” said Hayato Koeda, President and CEO for A10 Networks, K.K. and Vice President of South APAC for A10 Networks Inc. “In keeping with our history of Customer Driven Innovation, this is truly the result of tremendous support from and collaboration with our customers and partners.”
A10 has experienced rapid growth in the Application Delivery Controller market. Its A10 Thunder and AX Series ADCs provide not only stand-alone Server Load Balancer solutions but also additional solutions included without license fees such as Carrier Grade NAT (CGNAT), IPv6 Migration, DNS Application Firewall, Web Application Firewall (WAF), SSL Intercept, DDoS protection, and Application Access Management (AAM), to function as a Unified Application Service Gateway.
Built on the award-winning ACOS (Advanced Core Operating System) architecture, A10 Thunder and AX Series respond to the needs of customers, from carriers to enterprises, in present and future networks with the latest software technology in a timely manner. With A10, customers can accelerate, optimize and secure their applications to increase their competitive advantage.
For more information about the 2013 Frost & Sullivan Japan Excellence Award visit:
http://www.frost-apac.com/japanawards/
About A10 Networks
A10 Networks was founded in Q4 2004 with a mission to provide innovative networking and security solutions. A10 Networks makes high-performance products that help organizations accelerate, optimize and secure their applications. A10 Networks is headquartered in Silicon Valley with offices in the United States, United Kingdom, France, The Netherlands, Germany, Spain, Brazil, Japan, China, Korea, Taiwan, Hong Kong, Singapore and Malaysia. For more information, visit http://www.a10networks.com
A10 Networks, A10 Thunder, vThunder, ACOS, aCloud, aFleX, aXAPI, aVCS, Virtual Chassis, SoftAX, and aFlow are trademarks or registered trademarks of A10 Networks, Inc. in the United States and other countries.
Cruise Shipping Asia-Pacific Offers Exhibitors Entry into the Staggering Growth in Ship Refurbishment and Repair Sector
Singapore-based show is the only event covering the entire Asia-Pacific region
NEW YORK, June 26, 2013 /PRNewswire/ — The third annual Cruise Shipping Asia-Pacific conference and trade show, presented by UBM Live, the organizers of the annual Cruise Shipping Miami event, will be held on Oct. 8-10, 2013 in Singapore.
As cruise lines continue making Asia and Australia the home port for more and more of their ships, the growth opportunity for Australasia-based suppliers in the ship repair, refurbishment and design sectors will be exploding. Cruise Shipping Asia-Pacific is leveraging this opportunity and encouraging regional suppliers to capitalize on this boom by exhibiting at Cruise Shipping Asia-Pacific, and getting in front of the key stakeholders who manage these projects. “For our third annual show, we’ve partnered with Seatrade in order to offer exhibitors and attendees the most robust and valuable program in the industry,” said Daniel Read, Portfolio Director for UBM Live. “As the only show focused on the entire Asia-Pacific region, we are expecting quite an enormous turnout this year.”
Some of the largest shipyards and designers have already signed on to participate at the upcoming conference and tradeshow. Leading the charge is Asia’s premier shipyard for cruise ship vessel repair, refurbishment and revitalization — Sembawang Shipyard.
Other related industries benefiting from the increase in the number of home ported ships include safety and security, ship services and port infrastructure. Related exhibitors include Aerobytes, which provides proven world class systems that monitor the operations of the entire vessel maximizing overall safety, security and efficiencies. Also returning in 2013 will be Latitude 1 Maritime, which provides services for cruise line projects at shipyards locally in Asia and around the world. Primary areas of focus include: steel work, pipe fitting, electrical installations, IT networks and surveillance systems.
For information about exhibiting contact sales@cruiseshippingevents.com or visit www.cruiseshippingasia.com
WHERE: Marina Bay Sands, Singapore. For more information, visit www.marinabaysands.com
Social Media
Additional news, information and announcements about Cruise Shipping Asia-Pacific are available atwww.cruiseshippingasia.com Find Cruise Shipping on Facebook, on Twitter, LinkedIn and YouTube.
NOTE TO THE EDITOR: Cruise Shipping Asia-Pacific is jointly organized by UBM Live and UBM Asia.
The Cruise Shipping Portfolio
The Cruise Shipping Portfolio organized by UBM Live includes Cruise Shipping Miami, Cruise Shipping Asia-Pacific and Seatrade Med. Since 1985 Cruise Shipping Miami has been the world’s premier annual event for the global cruise industry, featuring a three-day exhibition and four-day conference that draw more than 11,000 attendees and over 1,000 exhibiting companies from more than 130 countries.
About UBM Live
UBM Live connects people and creates opportunities for companies across five continents to develop new business, meet customers, launch new products, promote their brands and expand their markets. Through premier brands such as Routes, CPhI, IFSEC, TFM&A, Cruise Shipping Miami, the Concrete Show and many others, UBM Live exhibitions, conferences, awards programs, publications, websites and training and certification programs are an integral part of the marketing plans of companies across more than 20 industry sectors.
About UBM Asia (www.ubmasia.com)
Owned by UBM plc listed on the London Stock Exchange, UBM Asia is Asia’s leading exhibition organizer and the biggest commercial organizer in mainland China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global network of 30 offices and over 1,200 staff in 25 major cities. We operate in 19 market sectors with 160 exhibitions, 75 conferences, 28 trade publications, 18 vertical portals and virtual event services for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world.
Media Contact:
Jennifer Rosen
+1-609-759-7604
Jennifer.rosen@ubm.com
Suncheon Expo Redecorated for Summer Season
SUNCHEON, South Korea, June 25, 2013 /PRNewswire/ — The Suncheon Bay Garden expo has completed a new round of redecoration with additional species of flowers and shrubs to greet the summer season, the organizing committee said Monday.
Suncheon Expo redecorated for summer season
During the 10-day renovation, a total of 360,000 landscape plants of 33 different species have been replanted across 9,927 square meters, the committee said. Newly added species include cannas, lilies, millets, capers and melampodium, as well as summer plants like begonias and dichondra that flower in the rainy season.
The expo has carried out redecorations at its gardens and exhibitions on a monthly basis to allow visitors to fully enjoy the changing seasons, the committee said. It plans to replant a total of 2.5 million plants of 231 species during the course of the event.
The International Garden Exposition Suncheon Bay Korea 2013 opened on April 16 under the theme of “Garden of the Earth” to exhibit a vast range of wetlands, gardens and green paths stretching across 1.1 million square meters.
It offers scenic views of 83 different types of exotic gardens as well as a variety of cultural events, exhibitions and performances running daily to entertain visitors.
Located near Suncheon Bay, one of the world’s top coastal wetlands, the event will run until Oct. 20.
Asia Fresh News 