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Drip Drop Contributes to Aid Efforts in The Philippines

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Large donation of medical-grade oral rehydration solution will reduce mortality rate of dehydration in Tacloban, area hardest hit by November typhoon

SAN FRANCISCO, Dec. 5, 2013 /PRNewswire/ — Just weeks after returning from relief efforts in Tacloban, Philippines, Drip Drop Inc., makers of the first oral rehydration solution (ORS) to combine medical standards of rehydration therapy and excellent taste, announced it will donate 15,000 doses of its product to assist in ongoing aid efforts. Drip Drop ORS will be sent to Remedios Trinidad Romualdez (RTR) Hospital in Tacloban, a privately funded medical facility at the center of the Typhoon Yolanda disaster response. Doctors, nurses, and relief workers will use Drip Drop ORS to treat dehydration resulting from heat, exposure, and gastrointestinal complications brought on by the spread of waterborne disease.

(Photo: http://photos.prnewswire.com/prnh/20131204/SF27862)

“Timely use of Drip Drop ORS in the Philippines can significantly reduce the risk of death and suffering from these horrendous conditions,” said Anne Kallin Zehren, CEO of Drip Drop. “Just because the cameras have gone away, does not mean there isn’t work to be done, or patients with extreme needs. We are truly humbled by the wide scale devastation – families without homes or fresh water – and are so grateful to our donors for making this relief effort possible.”

In addition to donating critical medical supplies, Drip Drop is coordinating with local, state, and federal officials to prepare the island of Leyte for an outbreak of infectious illness. After a week of first-hand observation in Tacloban and the surrounding areas, Drip Drop’s team of doctors, nurses, and public health specialists identified a high risk of future casualties from cholera, norovirus, rotovirus or other diseases that cause acute diarrhea and dehydration.

“Leyte’s stagnant water and the damaged water and sewage infrastructure will inevitably lead to a sharp increase in post-disaster dehydration,” added Dr. Eduardo Dolhun, Drip Drop’s Founder and Chief Humanitarian Officer. “A coordinated response by governmental, non-governmental agencies, and the Philippine private sector can save thousands of lives. We must act now.”

In the coming weeks and months, Drip Drop will be working closely with local and international bodies to make RTR Hospital a stronghold for dehydration care in Tacloban.

Drip Drop’s origins date back to the front lines of humanitarian relief. As a student at the Mayo Medical School, Drip Drop Founder Dr. Eduardo Dolhun witnessed ORS save lives during a cholera outbreak in Guatemala. Since then, Dr. Dolhun has spent over a decade researching and improving upon ORS. From these roots, Drip Drop has been used in relief operations ranging from Haiti to Pakistan, The Republic of the Congo, and the United States.

To find out more about Drip Drop’s efforts to save lives, please visit http://www.DripDrop.com
Source: Drip Drop Inc.

Written by asiafreshnews

December 6, 2013 at 11:53 pm

Posted in Uncategorized

Istanbul Jewelry Show March: The Largest March Edition To Date

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ISTANBUL, Dec. 5, 2013 /PRNewswire/ — The world jewelry and watch industry will gather at one of the most important events of the year at Istanbul Jewelry Show March on 20-23 March 2014 in six halls of Istanbul Fair Center (CNR Expo). The four-day event will occupy more than 60,000 square metres of exhibition space and gather over 1200 exhibitors from 25 countries with an extensive display of the latest products and trends exclusive for industry professionals. UBM Rotaforte is UBM Asia’s JV company in Turkey.

Gold jewelry, diamond jewelry, diamonds & pearls, silver jewelry, mountings, watches, machinery, tools & equipments, display units, packaging, security devices and softwares will be displayed just for industry professionals.

As one of the major players in the world jewelery industry, Turkey is a leading manufacturing and export base that offers abundant opportunities as it is located on the crossroads of three continents and provides a vital focal point for neighbouring countries. In the past 25 years, Turkish gold jewelery producers have been very successful and Turkey became the second biggest exporter in the world after Italy, the fifth largest importer and the third biggest producer after Italy and India. The total value of exports was over 2 billion US dollars in 2012.

With Turkey’s strategic location, Istanbul Jewelry Show March has a unique positioning as an important marketplace for both Europe and the Middle East, serving as the gateway for the World jewelry industry and an outstanding trading hub for countries in the EU, the Middle and Near East, Russia and the CIS Nations, Eastern Europe, North Africa and the Mediterranean providing the best opportunities to source new psoducts, meet and network industry professionals, see the first hand latest technological innovations.

Isanbul Jewelry Show – traffic inside the halls
Isanbul Jewelry Show – traffic inside the halls

Isanbul Jewelry Show – traffic inside the halls
Isanbul Jewelry Show – traffic inside the halls

Turkish jewelery is both an art and a craft. Inspired by 5,000 years of cultural and historical heritage in Anatolia and combined with the latest technology, outstanding craftsmanship, immense variety, flexible production capacity, excellent finishing quality, competitive prices and the shortest delivery time, Istanbul Jewelry Show March is an ideal place to source products in every category of price and quality, from price point merchandise to high-end design jewelery for the coming spring-summer and autumn retail season orders.

Istanbul Jewelry Show March is supported by the Small and Medium Enterprises Development Organisation (KOSGEB), Jewellery Exporters’ Association (JTR), certified by the Union of International Fairs (UFI) and the Quality Management System ISO-9001, ensuring that it represents an outstanding international trade event serving the fast growing domestic and international markets surrounding Turkey.
Istanbul Jewelry Show – meetings inside the booths
Istanbul Jewelry Show – meetings inside the booths

Istanbul Jewelry Show – meetings inside the booths
Istanbul Jewelry Show – meetings inside the booths

The exhibition halls are designed and grouped by product in order to save time and increase efficiency for buyers as they tour around. There will be international pavilions from Hong Kong, Italy and Thailand.

Pre-register online at http://www.istanbuljewelryshow.com and get your e-badges before the show to avoid long queues at registration counters.

For press enquiries, please contact:
Tulin Bozkurt Bulut, Marketing Communications Manager, UBM Rotaforte
Tel: +90 212 519 0719
Fax: +90 212 513 3038
Email: tulin.bozkurt@ubm.com

Selda Arik, Marketing Communications Executive, UBM Rotaforte
Tel: +90 212 519 0719
Fax: +90 212 513 3038
Email: selda.arik@ubm.com

Editor’s Note

About UBM Rotaforte (www.ubmrotaforte.com)

UBM Rotaforte, a joint-venture company formed by UBM Asia and Rotaforte International Fairs Inc., owns the Istanbul Jewelry Show, an international exhibition for jewelery, gems , watches and related equipment. Now in its 28th year, the exhibition is held twice a year, in March and in October. Overall, the shows attract almost 60,000 visitors and 1,700 exhibitors, occupying net show floor space of more than 80.000 square metres. UBM Rotaforte also publishes a supporting magazine RFJ (in Turkish and English) and organises Turkish jewelery pavilions at a number of third-party events in Italy-Vicenza, U.A.E-Dubai, India-Mumbai, Thailand-Bangkok, Ukraine-Kiev, Czech Republic-Prague and Germany-Freiburg.

About UBM Asia (www.ubmasia.com)

Owned by UBM plc listed on the London Stock Exchange, UBM Asia is Asia’s leading exhibition organiser and the biggest commercial organiser 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 1,400 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.
Source: UBM Rotaforte

Written by asiafreshnews

December 6, 2013 at 11:37 pm

Posted in Uncategorized

Frost & Sullivan Recognizes Young Talents at the 2013 Iskandar Malaysia Case Challenge Competition

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– Finalists Offered Employment at Frost & Sullivan –

ISKANDAR, Malaysia, Dec. 5, 2013 /PRNewswire/ — Frost & Sullivan, together with its strategic partners Iskandar Regional Development Authority (IRDA), i2M Ventures Sdn Bhd (i2M) and Malaysia Development Corporation (MDeC) recognized young talents at the inaugural 2013 Frost & Sullivan Iskandar Malaysia Case Challenge competition recently.

The objective of the challenge was to to encourage recent graduates and final year university students to develop and present ideas, strategies and action plans on how Iskandar Malaysia can be developed into a sustainable economic region by 2020.

“The case challenge is also a platform to engage with the younger generation to help develop the talent pool in the Iskandar region,” said Mr. Kavan Mukhtyar, Partner at Frost & Sullivan

The case challenge was opened to all Malaysian individuals in their final year of undergraduate or post-graduate studies, and also individuals who have completed their tertiary education but less than 25 years old.

The applicants were mentored by Frost & Sullivan consultants, and a total of 10 finalists were selected to the final round.

The finalists presented their solution to an esteemed panel of judges which comprised of Pn. Zalmiah Hj Long, Vice President of Business Eco System, Iskandar Regional Development Authority, Ir Wan Murdani Wan Mohamad, Director of Digital Enablement, MDeC , Mr. Zulfiqar Zainuddin, Managing Director, i2M Ventures and Mr. Aroop Zutshi, Managing Partner and Global President, Frost & Sullivan.

The finalists were judged based on their communication skills, logical reasoning and flow, innovativeness of the proposed solution, actionability of the proposed solution and completeness of the submission.

After careful deliberation, Shaun Adam Abdullah from Lim Kok Wing University of Creative Technology, Nurrafidah Mohammad Rashid from Universiti Teknikal Malaysia Melaka and Max Lee Chia Chun from Universiti Malaya emerged as the top 3 winners respectively.

All finalists were offered employment opportunities at Frost & Sullivan Global Innovation Center in Iskandar, which serves Frost & Sullivan’s global operations and offices, providing opportunities for local employees to work on global projects.

“We are excited to offer these young talents a place at Frost & Sullivan. We believe that they will be an asset as we strive to effectively contribute and develop new competencies and skill sets in driving our growth locally and globally,” said Mr. Mukhtyar.

The Iskandarian and GTI Media are media partners while AIESEC Malaysia is the supporting partner for the case challenge.

For more information, please visit http://www.frost.com/iskandarcasechallenge or http://www.facebook.com/FSICC.

Media Contact

Alice Chia
Corporate Communications — Asia Pacific
Email: alice.chia@frost.com

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

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Source: Frost & Sullivan

Written by asiafreshnews

December 6, 2013 at 11:17 pm

Posted in Uncategorized

GM Strengthens its European Brand Strategy

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DETROIT, Dec. 5, 2013 /PRNewswire/ —

Opel/Vauxhall to compete as GM’s mainstream brands across Europe
Chevrolet to focus on iconic products in Europe
Cadillac to expand in Europe

General Motors today announced plans to accelerate its progress in Europe by bolstering its brands in the mainstream and premium segments.

Beginning in 2016, GM will compete in Europe’s volume markets under its respected Opel and Vauxhall brands. The company’s Chevrolet brand will no longer have a mainstream presence in Western and Eastern Europe, largely due to a challenging business model and the difficult economic situation in Europe.

Chevrolet, the fourth-largest global automotive brand, will instead tailor its presence to offering select iconic vehicles — such as the Corvette — in Western and Eastern Europe, and will continue to have a broad presence in Russia and the Commonwealth of Independent States.

This will improve the Opel and Vauxhall brands and reduce the market complexity associated with having Opel and Chevrolet in Western and Eastern Europe. In Russia and the CIS, the brands are clearly defined and distinguished and, as a result, are more competitive within their respective segments.

Cadillac, which is finalizing plans for expanding in the European market, will enhance and expand its distribution network over the next three years as it prepares for numerous product introductions.

“Europe is a key region for GM that will benefit from a stronger Opel and Vauxhall and further emphasis on Cadillac,” said GM Chairman and CEO Dan Akerson. “For Chevrolet, it will allow us to focus our investments where the opportunity for growth is greatest.”

“This is a win for all four brands. It’s especially positive for car buyers throughout Europe, who will be able to purchase vehicles from well-defined, vibrant GM brands,” Akerson said.

Chevrolet will work closely with its dealer network in Western and Eastern Europe to define future steps while ensuring it can honor obligations to existing customers in the coming years.

“Our customers can rest assured that we will continue to provide warranty, parts and services for their Chevrolet vehicles, and for vehicles purchased between now and the end of 2015,” said Thomas Sedran, president and managing director of Chevrolet Europe. “We want to thank our customers and dealers for their loyalty to the Chevrolet brand here in Europe.”

The majority of the Chevrolet portfolio sold in Western and Eastern Europe is produced in South Korea. As a result, GM will increase its focus on driving profitability, managing costs and maximizing sales opportunities in its Korean operations as the company looks for new ways to improve business results in the fast-changing and highly competitive global business environment.

“We will continue to become more competitive in Korea,” said GM Korea President and CEO Sergio Rocha. “In doing so, we will position ourselves for long-term competitiveness and sustainability in the best interests of our employees, customers and stakeholders, while remaining a significant contributor to GM’s global business.”

With the decision that Chevrolet will no longer have a mainstream presence in Western and Eastern Europe, GM expects to record net special charges of $700 million to $1 billion primarily in the fourth quarter of 2013 and continuing through the first half of 2014. The special charges include asset impairments, dealer restructuring, sales incentives and severance-related costs, and will pave the way for continued improvement in GM’s European operations through the further strengthening of the Opel and Vauxhall brands. Approximately $300 million of the net special charges will be non-cash expenses. In addition, GM expects to incur restructuring costs related to these actions that will not be treated as special charges, but will impact GM International Operations earnings in 2014.

General Motors Co. (NYSE: GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world’s largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com/.

Forward-Looking Statements
In this press release and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “target,” “believe,” “commit,” “intend,” “continue,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate financing sources, including as required to fund our planned significant investment in new technology; our ability to successfully integrate Ally Financial’s international operations; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; overall strength and stability of our markets, particularly Europe; our ability to remain competitive in Korea, our ability to accurately estimate the described special and restructuring charges and our ability to continue to attract new customers, particularly for our new products. GM’s most recent annual report on Form 10-K provides information about these and other factors, which we may revise or supplement in future reports to the SEC.
Source: General Motors

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December 6, 2013 at 11:02 pm

Posted in Uncategorized

Frost & Sullivan: Australia’s Infrastructure as a Service (IaaS) market to reach $380 million by 2017

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— Key benefits driving IaaS adoption: reduced CapEx, better scalability of IT resources, independence, lower risk and mobility

SYDNEY, Dec. 5, 2013 /PRNewswire/ — Infrastructure as a Service (IaaS) is growing rapidly as organisations gain more confidence in the reliability and security of the cloud delivery model and realise the benefits of outsourcing their IT infrastructure such as storage, servers and networking components to specialist vendors who provide access to these resources over the cloud on an as-needed basis.

IaaS can be used to host a variety of systems including corporate applications, websites and virtual data centres. The benefits IaaS offers include significantly reduced capital expenditure (CapEx), quicker and easier scalability of IT resources, location independence and lower risks of system failure associated with on-premise resources.

Frost & Sullivan’s latest report, Australian Infrastructure as a Service Market (IaaS) 2013, outlines the main drivers stimulating IaaS adoption as reduction of IT capital expenditure (CapEX), the greater agility and scalability IaaS offers in changing infrastructure requirements, higher levels of awareness of the benefits of IaaS, an increasing need for mobility amongst corporate employees requiring access to corporate resources from any internet-enabled location and public cloud infrastructure improvements such as the National Broadband Network (NBN).

As the benefits and reliability of the cloud delivery model for infrastructure are better understood, concerns about sovereignty and security of data held in the cloud, the reliability and security of access to infrastructure delivered over the cloud and general management conservatism over migrating business functions to the cloud are eroding.

Frost & Sullivan estimates that IaaS vendors in Australia earned revenues of just under $65 million in 2012. Phil Harpur, Senior Research Manager, Australia & New Zealand ICT Practice, Frost & Sullivan says, “Although the IaaS market is considerably smaller and much more nascent in comparison to the SaaS market, Frost & Sullivan forecasts that IaaS expenditure will grow at an compound annual growth rate (CAGR) of almost 43% to reach $380 million by 2017, as an increasing number of clients switch to the IaaS provisioning model, and many more vendors enter the local market.”

Mayank Kapoor, Industry Analyst, Datacenter and Cloud Computing, APAC ICT Practice, Frost & Sullivan says that IaaS vendors in Australia are categorised into four main groups.

Pure play IaaS cloud providers, which include Amazon Web Services (AWS), Google and Rackspace typically offer public IaaS service as core service, although an increasing number are offering private, virtual private and hybrid offerings as well. Carrier cloud players on the other hand are essentially telcos offering cloud based solutions. They leverage their strong network capabilities. Examples include Macquarie Telecom, Optus, and Telstra.

The third group, traditional managed service providers, provides cloud-based services, and usually private cloud offerings, although an increasing number are also offering hybrid and public cloud deployments. Services range from cloud brokering and best of breed solutions to actual hosting and deployment. This is a rapidly growing segment. Examples include Brennan IT, Fujitsu, Harbour MSP, HP and IBM. The final group of resellers and channels partners re-sell or white-label some of the first three categories providers’ offerings.

As growth of cloud computing threatens traditional revenue streams from on-premise system integration and maintenance services, many of the large integrators and channel partners are now developing cloud services. “Managed service providers and system integrators are adapting to the emergence of IaaS and have the advantage of being able to offer end-to-end IT services and support, and customising private cloud solutions in the Australia market. Examples of managed service providers and system integrators that are building or expanding their cloud services portfolio include Brennan IT, Dimension Data, HP, Fujitsu and IBM,” Kapoor added.

Frost & Sullivan’s Australian Infrastructure as a Service (IaaS) Report 2013 report forms a part of the Frost & Sullivan Australian Cloud Computing Research program. All research services included in this subscription provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

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. 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

Contact:

Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com
Source: Frost & Sullivan

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December 6, 2013 at 10:49 pm

Posted in Uncategorized

Avis Expands Its Global Network in Laos and Cambodia

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SINGAPORE, Dec. 6, 2013 /PRNewswire/ — Avis Car Rental, the leading international car rental brand in Asia, today announced that it has selected a licensee to launch car rental operations in Laos and Cambodia. Avis Car Rental will officially enter both markets with the opening of airport and city facilities in Luang Prabang, Pakse and Vientiane in Laos; and Phnom Penh and Siam Reap in Cambodia — making Avis the first international car rental company to operate in each of the countries.
“Strengthening our global position remains a high priority as we seek to drive sustained, profitable growth,” said Patric Siniscalchi, president, Latin America/Asia-Pacific, Avis Budget Group. “Our licensee agreement with RMA Group will allow us to expand our global footprint and help to ensure that we are well-positioned to realize the growth potential of the Avis brand in each country.”
The new Avis facilities will serve local and international customers with a “one-stop” mobility solution. Residents and visitors will benefit from Avis’ world-class products and services, including a wide range of well-maintained, late-model vehicles, short- and long-term rentals, personal and corporate car leasing programs, premium chauffeur and transfer services and outstanding customer service. Customers will be able to book reservations at http://www.avis.com over the course of this month as locations open.
“RMA is uniquely positioned to facilitate Avis Car Rental’s plan for growth,” Kevin Whitcraft, chief executive officer, RMA Group. “We have long-established vehicle sales and distribution infrastructures in Cambodia and Laos, and we are the partner of choice to some of the world’s largest retail franchises in the Asia-Pacific region. RMA is ready to support the enhancement of Avis’ global position as a leader in its sector, and will do so by providing best-in-class service in these two countries.”
Avis’ legacy in Asia can be traced back to 1970, when the Company opened its first location in Hong Kong. Operations in Singapore, the Philippines, Malaysia, Indonesia and Pakistan followed. Operations have grown steadily throughout the region ever since, including Avis’ leading presence in China, which began in 2002. Avis now has approximately 300 rental locations in Asia.
About Avis
Avis Car Rental operates one of the world’s best-known car rental brands with approximately 5,750 locations in more than 165 countries. Avis has a long history of innovation in the car rental industry and is one of the world’s top brands for customer loyalty. Avis is owned by Avis Budget Group, Inc. (NASDAQ: CAR), which operates and licenses the brand throughout the world. For more information, visit http://www.avis.com.
About RMA Group
Headquartered in Bangkok, Thailand, RMA is an international company with a global presence providing essential automotive and infrastructure solutions for clients operating in difficult markets and terrains. Where a country is in transition or the early stages of recovery, entire populations are often in need of basic infrastructure support for such essentials as power, fresh water, transportation; they are often at risk of illness and disease. RMA is a provider of the equipment, services, and comprehensive solutions that respond to commercial and humanitarian needs in such environments. For more information, visit http://www.rmagroup.net.
For further information please contact:
Grace Banto; Avis Asia +65-6737-1668
Source: Avis

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December 6, 2013 at 6:26 pm

AGS Transact Technologies and Wincor Nixdorf impressed the Indian Bankers at the India ATM 2013 Conference and Expo

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Showcased cutting edge technology products
MUMBAI, India and SINGAPORE, Dec. 5, 2013 /PRNewswire/ — Wincor Nixdorf Pte Ltd, one of the world’s leading providers of IT solutions and services to retail banking and retailers, together with their partner AGS Transact Technologies Ltd, a leading ATM outsourcing and payments’ company in India, attended the India ATM 2013 Conference and Expo on 3-4 December in Mumbai.
Following the new milestone achievement in the installation base of 25,000 ATMs in India, the rapid expansion witnessed in the ATM network in India has pushed AGS and Wincor Nixdorf to further engage the India market with innovative solutions and value-added initiatives. Products showcased include the well-accepted Monofunctional Cash Dispenser ProCash 280, the new weatherized ATM for through-the-wall installations ProCash 285, as well as the Cash Recycling System CINEO C4040. Value-added ATM solutions such as Direct Marketing, Terminal Security, Proview Monitoring, Serial number Recognition and more were also part of the highlights showcased during the Expo.
As per the Global ATM Market and Forecasts to 2018, ATM segment witnessed a growth rate of 21% since 2012 in India. Reversing the trend of recent years, 2012 saw the new private sector banks leading growth. ATM terminals in India will be expected to grow at a compounded average growth rate of 23% between 2013 and 2018, according to research of British market research company RBR. Speaking on the growth of the ATM market, Mr. Stanley Johnson, President — Managed Services, AGS Transact Technologies Ltd. said, “ATM has brought a self-service revolution in the banking industry. There is a lot of scope for growth of ATM industry in developing countries like India. AGS continues to invest in cutting edge technology and provide value-added services in order to improve customer convenience and attract new customers. The new age products that we have been showcasing at the India ATM 2013 Conference and Expo along with Wincor Nixdorf will surely accelerate our market penetration and add value for our end-users.”
India ATM 2013 Conference and Expo addressed the key issues faced by the India’s increasingly dynamic financial services sector, challenges and opportunities. The rapid expansion seen in the India ATM network is primarily ascribed to the entry of ‘brown label’ concept, which enables banks to set up a large network of ATMs in a short span of time in an outsourcing model and partnership with its service provider.
Mr Karsten Kemna, Regional Vice President for Banking, Wincor Nixdorf Pte Ltd. said, “India market is one of our important growth markets beside China and Indonesia. Given that the Indian market is now realizing the potential in the growth in ATM deployment and management, we are driving and positioning ourselves together with AGS as the innovation leader and the preferred ATM manufacturer and supplier in India, and also to gain a larger market share.”
He added, “At the same time we are bringing our innovations such as cash deposit and cash recycling as well as our value add software and service solutions to the Indian market. Most importantly, the team AGS together with Wincor Nixdorf offer end-to-end solutions for the customers in India. At the same time, we strongly believe that banks will further improve their self-service processes with technologies such as cash deposit and recycling solutions.”
About Wincor Nixdorf
Wincor Nixdorf is one of the world’s leading providers of IT solutions and services to retailers and retail banking. The company is headquartered in Paderborn, Germany, and is publicly traded on the Frankfurt Securities & Stock Exchange. The company’s extensive portfolio focuses on optimizing business processes at banks and retail companies. It is aimed mainly at cutting costs and complexity and improving service to the end customer. Wincor Nixdorf leverages know-how from its core business with banks and retailers to diversify into related sectors. These include postal and lottery companies and hospitality and service station chain operators. Wincor Nixdorf has a presence in over 130 countries, with its own subsidiary companies in 42 of these. More than 9,000 employees work at the Group. The company is the leader in Europe and the number 2 in the world for programmable electronic POS systems (EPOSs) and the number 2 in Europe and worldwide for automated teller machines.
About AGS Transact Technologies
AGS Transact Technologies Ltd. offers technology-based solutions for banking, retail, paint and petroleum sectors. Equipped with extensive experience in banking technology, AGS provides a complete suite of self-service banking products. The company is the dominant provider of ATM outsourcing services to the Indian banking industry. Since its inception, AGS has installed over 25,000 ATMs for various customers. The customers in the banking segment amongst others include State Bank of India, Punjab National Bank, Union Bank of India, Axis Bank, Dhanlaxmi Bank, ICICI Bank, HDFC Bank and Dena Bank.
Source: Wincor Nixdorf

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December 6, 2013 at 4:55 pm

Samsung and Fingerprint Partner To Create Mobile Play and Learn Network for Kids; Companies Launch Initiative to Drive App Development

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— Kids’ App Network, Localized and Customized for Samsung Devices, to be Unveiled in Q1 2014 with Immediate Call for Kids’ Content Backed by New $1 Million Fingerprint Developer Funds
SINGAPORE and SAN FRANCISCO, Dec. 5, 2013 /PRNewswire/ — Samsung Electronics Co., Ltd., a global leader in digital media and convergence technologies, and Fingerprint, a kids’ mobile technology company, today announced they are co-developing a kids’ mobile app network enabling play-based learning for kids 3-to-7 years old. Expected to launch in Southeast Asia and Oceania in Q1 2014, the new service on select Samsung devices offers a safe and fun environment for kids to play and learn. Parents can create a family account for multiple children and receive personalized reporting, content recommendations and access controls for each child.
(Logo: http://photos.prnewswire.com/prnh/20130212/MM58568-a)
(Logo: http://photos.prnewswire.com/prnh/20131205/SF27288LOGO)
The new network is part of Samsung’s Kids’ Play-and-Learn Content Initiative, a developer-focused program in collaboration with Fingerprint that is designed to drive the creation of play-and-learn Android apps for kids in Southeast Asia and Oceania. To support this initiative and increase the quantity and quality of kids’ apps, Fingerprint has also earmarked US$1 million to support the integration and localization of kids’ apps and interactive books globally.
“We are very excited about partnering with Fingerprint,” said Nicholas Wodtke, vice president of Content and Services at Samsung Electronics Media Solution Center Southeast Asia and Oceania. “Asia has a young demographic base and a rapidly growing middle class. There are an estimated 50m(1) kids in the age group of 3-7 years in Southeast Asia. Samsung is focused on bringing to market a service that offers a safe mobile play and learn environment for kids.”
“Research has validated the importance of learning through play during the critical developmental years of kids,” said Gerald Cai, head of Learning and Reading at Samsung Electronics Media Solution Center Southeast Asia and Oceania. “It is however, challenging for parents to navigate the vast app universe to identify thoughtful and suitable apps for kids. Our goal for Samsung’s new kids’ mobile network is to offer parents peace of mind, knowing their kids will have meaningful play experiences that will help them to learn and grow.”
Samsung Kids’ Mobile Network Powered by Fingerprint:
The new custom mobile kids’ network is part of Samsung’s global strategy to deliver content and services that improve the user experience and transcend beyond the device. Powered by Fingerprint technology, the network will take full advantage of Samsung’s innovative features. The network will feature an array of Fingerprint-curated content from its fast-growing library of global edutainment titles, including many of Fingerprint’s fan favorites, as well as new content developed through the developer initiative. The network and first slate of available apps will be unveiled in Q1 2014.
“We are very proud that Samsung choose Fingerprint to develop and deliver a new kids’ app network that will reach millions of Samsung devices in one of the fastest growing mobile learning markets in the world,” said Nancy MacIntyre, CEO and co-founder of Fingerprint. “This partnership, along with our content initiative, will help to reshape the kids’ app market by opening up new opportunities for developers who are creating the most engaging and entertaining kid apps for an entire generation born mobile.”
The Kids’ Play-and-Learn Content Initiative:
The Samsung Kids’ Play-and-Learn Content Initiative is a collaborative effort with Samsung and Fingerprint designed to attract and inspire app developers from around the world to create new Android apps for kids. If chosen, developers will receive access to expanded distribution opportunities along with marketing and technical support to bring their app to an ever-sophisticated kids’ market. Select kids’ apps from top developers will be unveiled on the new Samsung kids’ network, powered by Fingerprint, early next year. The initiative hopes to attract new and well established developers designing best-in-class mobile play and learning games and interactive books in English and localized languages, that appeal to the digitally savvy 3-to-7 year old crowd and their parents.
With the launch of the Samsung Kids’ Play-and-Learn Content Initiative and through efforts with other partner networks,Fingerprint expects to bring 50 new developers from 20 countries to market in the next year. In total, Fingerprint expects to unveil 200 new gaming apps, plus 50 interactive stories in 2014 – ensuring that Fingerprint’s partner networks are the go-to destination for kids and their grownups around the world.
To learn more about the Samsung Kids’ Play-and-Learn Content Initiative, or Fingerprint’s developer funds, visit http://www.fingerprintplay.com/callforcontent.
About Fingerprint
Fingerprint is a mobile technology company offering a dynamic technology platform and robust content library for families with children through its own Fingerprint Play and customer networks. Fingerprint’s enterprise platform solution, with an easy-to-use SDK and curated play-and-learn content from top developers around the world, enables global brands to license and develop customized and localized networks of their own. Fingerprint is funded by leading consumer tech investors including Corus Entertainment and K2MediaLabs. For more information, visit http://www.fingerprintplay.com or http://www.facebook.com/fingerprintplay.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, LTE systems, medical devices, semiconductors and LED solutions. We employ 270,000 people across 79 countries with annual sales of US$187.8 billion. To discover more, please visit http://www.samsung.com/.
(1) Report from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP): http://www.unescap.org/STAT/data/syb2011/region-fingertips/subreg-SEA.pdf
Source: Fingerprint; Samsung Electronics Co., Ltd.

Written by asiafreshnews

December 6, 2013 at 2:46 pm

Posted in All releases

American Capital Energy & Infrastructure Commits $130 Million to Nigerian Power Sector

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ANNAPOLIS, Maryland /PRNewswire/ — American Capital Energy & Infrastructure (“ACEI”) announced today that it has committed to invest up to $130 million in Azura Power Holdings Ltd. (“Azura”), the company responsible for developing the Azura-Edo power project in Edo State, Nigeria. With a goal of becoming the leading power development company in West Africa, Azura will utilize ACEI’s investment to fund the first and second phases of the Azura-Edo power project, pursue its greenfield development pipeline and future acquisitions, expand its team, and grow its construction and operational capabilities.
The Azura-Edo power project is a proposed 450MW open cycle gas turbine power station being developed near Benin City in Edo State and represents the first phase of a 1,000MW power plant facility. Azura and the Nigerian Bulk Electricity Trading Plc signed a groundbreaking power purchase agreement on April 22, 2013, which is being used as a template for other project-financed independent power producers in the country. The transaction was showcased by President Goodluck Jonathan as critical to the Nigerian power sector reform process. The first phase of the plant, which is targeted to reach financial close in early 2014 and come on stream in 2016/2017, is forecast to create over 1,000 direct jobs during its construction and operation. The project is expected to have a positive impact on the industrial and social wellbeing of the area, leading to further economic development and job creation.
Mr. Paul Hanrahan, CEO and co-founder of ACEI, said: “We are extremely pleased to announce our investment in Azura, a good example of the type of investment in high growth platforms in the energy infrastructure space that we are targeting. Our investment is in recognition of the significant progress made by the Azura co-founders on the first phase of the Azura-Edo power project, the growth opportunities in the Nigerian and West African markets, and our confidence in the Federal Government of Nigeria’s power sector reform program.”
In June 2013, ACEI joined Power Africa, a United States Government initiative launched by President Obama that is focused on supporting economic growth and development in Africa by increasing clean and reliable access to electrical power. The United States Government along with the governments of Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania, and private sector partners have coordinated to accelerate and spur investments in the continent. As a partner in the presidential initiative, ACEI is actively pursuing investments in African power companies to originate, develop, finance and operate regional energy infrastructure assets in West Africa, East Africa and Southern Africa, which, over the next four years, could reach $800 million in total investment.
“In line with our Power Africa efforts, ACEI is investing in the leading independent power producer platform in this key African market,” said Lisa Pinsley, ACEI Director of Africa Investments. “Nigeria is the most populous country in Africa with one of the highest growth rates in the world. With a current population of over 170 million, the seventh largest in the world, Nigeria’s expanding economy suffers from a lack of power infrastructure. The United Nations estimates that Nigeria’s population will reach 230 million within the next 20 years, and the total grid-based power generation capacity must rise tenfold to 40,000MW to meet the demand. Azura is, and will continue to be, a key driver in this growth in capacity.”
Mr. Sundeep Bahanda, co-founder of Amaya Capital Partners, the lead sponsors of Azura, and Dr. David Ladipo, Managing Director of Azura said in a joint statement: “ACEI’s investment will exert a transformative impact on our business and accelerate Azura’s drive to create a flagship, multi-asset, power generation company. The development of Nigeria’s electricity supply industry is a vast undertaking that requires a long term commitment from all parties. Together with ACEI, the Federal Government of Nigeria, state governments and our partners and advisers, we are committed to the creation of an indigenous world class business that will provide electricity to the people of Nigeria and, in so doing, will boost the country’s industrial growth, its job creation and its social welfare.”
ABOUT AMERICAN CAPITAL ENERGY & INFRASTRUCTURE
American Capital Energy & Infrastructure invests in global energy infrastructure assets, including power generation facilities, power distribution and transmission networks, energy transportation assets, fuel production opportunities and product and service companies focused on the power and energy sectors. ACEI is part of American Capital, Ltd.’s (Nasdaq: ACAS) (“American Capital”) asset management affiliate, American Capital Asset Management, LLC. For further information, please refer to http://www.ACEI.com.
ABOUT AMERICAN CAPITAL
American Capital is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy and infrastructure and structured products. American Capital manages $20 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $117 billion of total assets under management (including levered assets). Through an affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC) with approximately $10 billion of net book value and American Capital Mortgage Investment Corp. (Nasdaq: MTGE) with approximately $1 billion of net book value. From its eight offices in the U.S. and Europe, American Capital and its affiliate, European Capital, will consider investment opportunities from $10 million to $750 million. For further information, please refer to http://www.americancapital.com.
ABOUT AZURA POWER HOLDINGS LTD.
Founded by Amaya Capital Partners, Azura is a world-class power development company that was created to focus on the development, construction, acquisition and operation of power generation facilities in Nigeria and over time, West Africa. Azura utilizes its project development and financing skills, in addition to the capital and expertise of Amaya and its partners, to develop and acquire large scale gas-fired Independent Power Plants in Nigeria. For further information, please refer to http://www.azurawa.com.
ABOUT AMAYA CAPITAL PARTNERS
Amaya, established in 2009, is a principal investment firm focused on energy related projects in West Africa. Unlike a typical private equity fund, Amaya does not manage third party funds but rather invests as a principal from an early development stage in a pro-active manner using the capital, capabilities, and resources of its founders and associates. Amaya has interests in the gas and power sectors in Nigeria. For further information, please refer to http://www.amayacap.com.
Contact: +1-443-214-7070
Paul Hanrahan, Chief Executive Officer
Richard Santoroski, Managing Director
Rajeev Garside, Vice President
Lisa Pinsley, Director, Africa Investments
Source: American Capital Energy & Infrastructure

Written by asiafreshnews

December 6, 2013 at 12:07 pm

Posted in Uncategorized

Dementia Biggest Global Health Challenge Facing Our Generation

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LONDON, Dec. 5, 2013 /PRNewswire/ — In a policy brief launched today, Alzheimer’s Disease International (ADI) has announced that the number of people living with dementia worldwide in 2013 is now estimated at 44 million (estimated at 35 million in 2010), reaching 76 million in 2030 (66 million) and 135 million by 2050 (115 million).
(Photo: http://photos.prnewswire.com/prnh/20131205/658175-a-INFO)
(Photo: http://photos.prnewswire.com/prnh/20131205/658175-b-INFO)
The Policy Brief entitled ‘The Global Impact of Dementia 2013-2050’ reports a staggering 17% increase in global estimates of people living with dementia, compared to the original ADI estimates in the 2009 World Alzheimer’s Report.
Although high income countries like all those in G8 have borne the brunt of the dementia epidemic, the disease is a global phenomenon. In the next few decades the global burden of the disease will shift inexorably to low and middle income countries with 71% of those with dementia living in lower and middle-income countries by 2050.
Marc Wortmann, Executive Director of ADI, comments, “At the eve of the G8 Dementia Summit in London, UK, it is not just the G8 countries, but all nations, that must commit to a sustained increase in dementia research.”
Professor Martin Prince, from King’s College London and author of the Policy Brief, says: “The governments of the world’s richest nations are focusing today upon dementia. This is a global problem that is, increasingly, impacting on developing countries with limited resources and little time to develop comprehensive systems of social protection, health and social care. While we all hope for advances in treatment that could blunt the impact of the coming epidemic, we need to agree now to work together to close the diagnosis and treatment gap. Nobody should be left without access to support and care.”
Most governments are woefully unprepared for the dementia epidemic with only 13 countries implementing a national dementia plan. All governments should initiate a national dialogue regarding future provision and financing of long term care. There is an urgent need for a collaborative, global action plan for governments, industry and non-profit organisations like Alzheimer associations.
Research must become a global priority if we are to improve the quality and coverage of care, find treatments that alter the course of the disease and identify more options for prevention. Priority should be equally given to policymaking, health and social care service and health system development.
NOTES TO EDITOR
The full policy brief can be found here: http://www.alz.co.uk/G8policybrief
ADI’s G8 Alzheimer member associations will be present at the G8 Dementia Summit.
Available for interview
Professor Martin Prince, King’s College London’s Institute of Psychiatry
Marc Wortmann, Executive Director, Alzheimer’s Disease International
About Alzheimer’s Disease International
ADI is the international federation of 79 Alzheimer associations throughout the world. Each of our 79 members is a non-profit Alzheimer Association supporting people with dementia and their families. ADI was founded in 1984 and registered as a non-profit organisation in the USA. Based in London, ADI is in official relations with the WHO since 1996 and has consultative status with the UN since 2012.
ADI’s vision is an improved quality of life for people with dementia and their families throughout the world. ADI believes that the key to winning the fight against dementia lies in a unique combination of global solutions and local knowledge. As such, it works locally, by empowering Alzheimer associations to promote and offer care and support for people with dementia and their carers, while working globally to focus attention on dementia and campaign for policy change from governments.
For more information, visit http://www.alz.co.uk.
For media enquiries, please contact:
Anastasia Psoma, Project Officer, Alzheimer’s Disease International
a.psoma@alz.co.uk / +44(0)7990-869-052
Source: Alzheimer’s Disease International

Written by asiafreshnews

December 6, 2013 at 11:45 am