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Archive for April 16th, 2014

The Oxford Advantage: Oxford Summer College Opens its Doors to Singaporean Students, Providing a Unique Insight into Academic and Social Life at the Prestigious University

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Oxford Summer College launches its summer programme in Singapore, letting students experience the rigours of an Oxford University student before actually becoming an undergraduate
SINGAPORE, April 16, 2014 /PRNewswire/ — Oxford Summer College brings good news to Singaporeans considering overseas study at a top European and/or American university, and want to experience the world-renown Oxford tutorial system and unique lifestyle in preparation for their university application. This two-week intensive course is taught by Oxford academics, who coach students with expert tuition in their preferred subjects. Given the 4.9% increase in the number of students studying towards UK qualifications in the last year (half of these students being from Asia, with almost a fifth from Singapore and Malaysia(Note 1)), overseas qualifications are trending upwards, and Oxford Summer College provides the tools necessary to maximize the chance of placing at a top international university.
Students will live in authentic Oxford accommodation right in the city center, taking part in tutorials, seminars and stimulating extra-curricular activities of the cultural, sporting and social variety, in addition to college tours and day excursions to London and Cambridge. One major and one minor subject will be taken, with courses ranging from English Law, Philosophy, Medical Biology and Engineering.
A key focus of the programme is to prepare students who aspire to attend “Oxbridge” or Ivy-League universities through tailored seminars on interview practice, personal statement writing and entrance exam preparation with experienced Oxbridge tutors.
“The course is a really challenging experience which means back in school, I will be able to face my exams with new confidence,” states T. Jung, a former student from China. S. Karim, another former student from Malaysia, states, “This course is unlike any other I’ve attended. There is a large focus on honing the skills that you will need at College and I feel really confident about applying to Ivy League Colleges. When we weren’t studying, there was always an abundance of things to do and to help us make great friendships.” Its comprehensive and integrated range of academic and social activities is designed specifically to prepare the pre-university student for university life, to facilitate a smooth transition into the next phase of student life.
“Oxford Summer College Programme is the result of meticulous crafting to deliver an unforgettable preview of what student life is at one of finest global universities in the United Kingdom,” says Course Director James Gold, who holds a master’s degree from Peterhouse, University of Cambridge and the Judge Business School. “We believe that students should have the opportunity to gain some insights into student life in Oxford and be inspired to aspire towards an Oxbridge education where they can realize their full potential in a premier institution.” James, an acknowledged expert in assisting high-achieving pupils obtain offers from the world’s top universities, will be giving exclusive insights lectures to students attending the 2014 Oxford Summer Course. This course is critical for pre-university students who want an advantage.
Oxford Summer College is inviting students from Singapore and across the region to attend its two-week course in August (either Session 1: 10th – 23rd August, or Session 2: 24th – 7th September), offering an unforgettable experience that acts as a gateway to future success. Applications are now open, with a closing deadline of 12 June 2014 for the coming term. Places are strictly limited so prompt registration is recommended.
For more information on Oxford Summer College, please visit info@oxfordsummercollege.ac or contact Anna Lewis, Course Coordinator on +44-(0)203-1500-885.
Note:
HESA (Higher Education Statistics Agency) Report: Students in Higher Education Institutions 2012/13
Naomi Pinkerton
PRecious Communications for Oxford Summer College
Phone +65-3151-4760
Email naomi@preciouscomms.com
About Oxford Summer College
Oxford Summer Courses is a privately-run company that offers a bespoke educational experience set against the backdrop of the stunning city of Oxford. We offer one-to-one tutorials, affording the best possible learning environment, and all of our staff are Oxbridge educated and have the experience and knowledge to help inspire you to make the most of your time here.
Students live and study in the buildings and colleges that make up the University of Oxford. Complementing these academic pursuits are a wide range of extra-curricular activities both in Oxford and throughout England. This combination will make your summer in Oxford a truly unforgettable experience.
Source: Oxford Summer College

Written by asiafreshnews

April 16, 2014 at 5:44 pm

Touchscreen Display Module Starter Kits Available from RS Components Enable Portable, Low Power Raspberry Pi Applications

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Easy-to-connect resistive touchscreen 2.8- and 4.3-inch LCD modules simplify mobility for Raspberry Pi projects and applications
SINGAPORE, April 15, 2014 /PRNewswire/ — RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the world’s leading high service distributor of electronics and maintenance products, has announced availability of two touchscreen display starter kits for the Raspberry Pi, which provide a quick and easy wiring interface and are ideal for creating portable and low power Raspberry Pi projects and applications.
The starter kits for the 2.8-inch uLCD-28PTU-PI and 4.3-inch uLCD-43PTU-PI modules have been developed by 4D Systems and provide all the components needed for users to connect their Raspberry Pi to these newly available touchscreen displays and get their project up and running and ready for programming within a few minutes. A unique aspect of the kits is the 4D Pi Adapter Shield, which connects to the serial GPIO port on the Raspberry Pi and to the touchscreen display module via a 5-way cable. The Adapter Shield also replicates the Raspberry Pi GPIO lines and allows users to gain easy access to other Raspberry Pi functions.
These displays deliver a powerful HMI (Human Machine Interface) solution for Raspberry Pi applications featuring resistive-touch capability, on-board audio amplifier and speaker, and resolutions of 480 x 272 and 240 x 320 pixels for the 4.3- and 2.8-inch screens respectively.
Each starter kit contains: a 4D serial Pi adaptor shield; a 2GB microSD card; a uUSB-PA5 programming adaptor; a 150mm 5-way female-female jumper cable for quick connection to another device or a breadboard; a 5-way male-male adaptor to convert the cable to male-female; and a quick-start user guide. A series of ViSi-Genie application software libraries are also available to communicate with the Raspberry Pi board and user code.
According to Jonathan Boxall, Global Head of Semiconductors at RS Components, “There is huge enthusiasm for Raspberry Pi among businesses and electronics enthusiasts, and these two touchscreen display modules and associated tools from 4D Systems further boost the Raspberry Pi platform for prototype development, enabling users to quickly start developing innovative Raspberry Pi based applications.”
The 4D Systems 2.8-inch uLCD-28PTU-PI (SK-28PTU-PI) and 4.3-inch uLCD-43PT-PI (SK-43PT-PI) are in stock now and available globally through the RS network.
About RS Components
RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the world’s leading high service distributor of electronics and maintenance products. With operations in 32 countries, we offer around 550,000 products through the internet, catalogues and at trade counters to over one million customers, shipping around 44,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include electronics, automation and control, test and measurement, electrical and mechanical components.
Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2013 had revenues of GBP1.24bn.
For more information, please visit the website at http://www.rs-components.com.
RS Components
Tan Soo Chun
Public Relations Manager – Asia Pacific
Email: soochun.tan@rs-components.com
Telephone: +65-6391-5745
Edelman Public Relations (Singapore)
Yvette Yeo
Manager
Email: yvette.yeo@edelman.com
Telephone: +65-6347-2355
Further information is available via these links:
@RSElectronics; @alliedelec; @designsparkRS
RS Components on Linkedin
http://www.linkedin.com/company/rs-components
RS Components on Weibo
http://e.weibo.com/u/3206377000?type=0
Relevant Links:
Electrocomponents plc
http://www.electrocomponents.com
RS Components
http://www.rs-components.com
DesignSpark
http://www.designspark.com
Source: RS Components
Related stocks: LSE:ECM

Written by asiafreshnews

April 16, 2014 at 5:08 pm

Infosys (NYSE: INFY) Announces Results for the Quarter and Year ended March 31, 2014

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BANGALORE, India, April 15, 2014 /PRNewswire/ —
FY 14 revenue growth doubled to 11.5% in USD terms;
Q4 operating margins expand 50 bps sequentially to 25.5%;
Dividend pay-out ratio increased to 40% of post-tax profits;
FY 15 revenues expected to grow 7%-9% in USD terms
Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the year and quarter ended March 31, 2014
(Logo: http://photos.prnewswire.com/prnh/20130122/589162)
Year ended March 31, 2014
Revenues were $ 8,249 million for the year ended March 31, 2014 YoY growth was 11.5%
Net profit was $ 1,751 million for the year ended March 31, 2014 YoY growth was 1.5%
Earnings per share $ 3.06 for the year ended March 31, 2014 YoY growth was 1.3%
Quarter ended March 31, 2014
Revenues were $2,092 million for the quarter ended March 31, 2014 QoQ decline was 0.4% YoY growth was 7.9%
Net profit was $487 million for the quarter ended March 31, 2014 QoQ growth was 5.2% YoY growth was 9.7%
Earnings per share was $0.85 for the quarter ended March 31, 2014 QoQ growth was 4.9% YoY growth was 9.0%
Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were $5.0 billion as on March 31, 2014 versus $4.4 billion as on December 31, 2013 and March 31, 2013
The Board of Directors recommended a final dividend of `43 per share for fiscal 2014 (equivalent to final dividend of approx $0.72 per ADS at the exchange rate of `60.00). The Register and Share Transfer Books of the Company will be closed from May 31, 2014 to June 14, 2014 (both days inclusive)
The Company’s current policy is to pay dividends up to 30% of post-tax profits. The Board has decided to increase the dividend pay-out ratio to up to 40% of post-tax profits effective fiscal 2014
Other highlights:
Infosys and its subsidiaries added 50 clients during the quarter and 238 during the year
Gross addition of 10,997 employees during the quarter and 39,985 during the year by Infosys and its subsidiaries
160,405 employees as on March 31, 2014 for Infosys and its subsidiaries
“I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY 14 has been disappointing.” said S. D. Shibulal, CEO and Managing Director. “We have guided for a revenue growth of 7%-9% next year and remain firmly focused on building the growth momentum by making all the necessary investments in our business.”
“Our cash and cash equivalents crossed $5 billion during the quarter. We have increased the dividend payout ratio to up to 40% of post-tax profits effective FY 14 to enhance returns for our shareholders.” said Rajiv Bansal, Chief Financial Officer.
Outlook
The company’s outlook (consolidated) for the fiscal year ending March 31, 2015, under IFRS is as follows:
Revenues are expected to grow 7%-9%
Business Highlights
Large outsourcing agreements signed with enterprises across Energy, Communications, Financial Services, Government and Healthcare sectors. Selected by Volvo Cars as a strategic supplier to provide application development services for its global operations. Won an outsourcing deal from a large European bank to manage its overall Applications Portfolio.
Extended our contract with District of Columbia to implement the next phase of its health insurance marketplace (DC Health Link). This includes modernizing its legacy eligibility system and additional health and social programs.
Engaged by a top healthcare solution provider to enhance its flagship revenue cycle management product and help its customers comply with regulatory requirements.
Chosen by a French global manufacturing conglomerate to build an Agricultural Research Tool for its coffee platform and help the company monitor and report data around production and usage metrics.
Signed a 3-year contract to extend digital marketing support worldwide under a managed services model for a global grocery manufacturing and processing conglomerate.
Sustained business momentum across advanced technology solutions with 20 new deals signed for Cloud and Big Data offerings; 15 new deals signed for mobility offerings and 12 new deals signed for Engineering Services.
Continued expansion of Infosys Finacle™ globally with 7 new wins and 11 go-lives at banks across Europe, South America, Africa, Middle East and Asia Pacific.
Set up a 100 seat delivery center in Araraquara, Brazil to provide SAP Application Management services to Citrosuco, the world’s leading orange juice producer.
Commenced work on 4 new campuses in the Indian cities of Indore, Mohali, Noida and Nagpur.
Applied for 18 unique patent applications in India and the USA during the fourth quarter, adding to a total of 541 patent applications undergoing various stages of patent prosecution in India, the U.S. and other jurisdictions. Granted 153 patents by the United States Patent and Trademark Office, 3 patents by the Luxembourg Patent Office and 1 patent by the Australian Patent Office.
Awards and Recognition
Ranked as a
Leader in The Forrester Wave™: Oracle Application Services Providers, Q1 2014 report
Leader in The Forrester Wave™: North American Applications Outsourcing, Q1 2014 report
Leader in The Forrester Wave™: EMEA Applications Outsourcing Services, Q1 2014 report
Inducted into the ‘Winner’s Circle’ of the 2014 Enterprise Mobility Services Blueprint Report by leading analyst firm HfS Research
Infosys ReachOut and Infosys Cloud Ecosystem Hub solutions selected by Northern Virginia Technology Council (NVTC) for their Destination Innovation event at The Washington Post headquarters
Infosys Finacle honored with the XCelent Customer Base Award for Finacle’s sales performance in Asia-Pacific and Western Europe
Infosys Finacle rated as a ‘Best-in-Class’ provider by CEB TowerGroup in its report titled ‘Core Banking Systems for the Large Bank Market’
Board Changes
The Board appointed Ms Carol M Browner as an Additional Director of the Company. Her appointment shall be effective on the date Ms. Browner receives her Director Identification Number from the Ministry of Corporate Affairs
Ms. Carol M. Browner served as Director of the White House Office of Energy and Climate Change Policy in the Obama administration from 2009 to 2011. She serves as a Distinguished Senior Fellow at the Center for American Progress and as Counselor to the Albright Stonebridge Group. Ms. Browner previously served as Administrator of the Environmental Protection Agency (EPA) during the Clinton administration from 1993 to 2001 and was the longest-serving administrator in the history of the EPA. She graduated from the University of Florida and the University of Florida College of Law. Ms. Browner headed the Florida Department of Environmental Regulation from 1991 to 1993. Earlier in her career, she worked in the Florida House of Representatives and served as legislative assistant to US Senators Lawton Chiles and Al Gore. She serves as director and advisor to several non-profits and private companies, including as director on the boards of Bunge Limited, Center for American Progress and as chair of the Board for the League of Conservation Voters, as advisor to Harvest Power and Opower, as Commissioner of the Global Oceans Commission.
Welcoming Ms. Browner, Chairman, Mr. N. R. Narayana Murthy said, “I am delighted to welcome Ms. Carol Browner to our Board. Carol’s global expertise in environmental policy and law, including her distinguished service in the US government, brings a wealth of experience to our Board. Carol’s addition will enrich the quality of debate and deliberation in our Board.”
About Infosys Ltd
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit http://www.infosys.com to see how Infosys (NYSE: INFY), with US$8.2 B in annual revenues and 160,000+ employees, is Building Tomorrow’s Enterprise® today.
Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2013 and on Form 6-K for the quarter ended December 31, 2013. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Balance Sheets as of
(Dollars in millions except share data)

March 31,
2014

March 31,
2013

ASSETS

Current assets

Cash and cash equivalents $4,331 $4,021
Available-for-sale financial assets 367 320
Investment in certificates of deposit 143 –
Trade receivables 1,394 1,305
Unbilled revenue 469 449
Derivative financial instruments 36 19
Prepayments and other current assets 440 391
Total current assets 7,180 6,505
Non-current assets

Property, plant and equipment 1,316 1,191
Goodwill 360 364
Intangible assets 57 68
Available-for-sale financial assets 208 72
Deferred income tax assets 110 94
Income tax assets 254 201
Other non-current assets 37 44
Total non-current assets 2,342 2,034
Total assets $9,522 $8,539
LIABILITIES AND EQUITY

Current liabilities

Trade payables $29 $35
Current income tax liabilities 365 245
Client deposits 6 6
Unearned revenue 110 152
Employee benefit obligations 159 113
Provisions 63 39
Other current liabilities 792 568
Total current liabilities 1,524 1,158
Non-current liabilities

Deferred income tax liabilities 11 23
Other non-current liabilities 54 27
Total liabilities 1,589 1,208
Equity
Share capital- `5 ($0.16) par value 600,000,000
equity shares authorized, issued and outstanding
571,402,566 each, net of 2,833,600 treasury shares
each as of March 31, 2014 and March 31, 2013,
respectively
64 64
Share premium 704 704
Retained earnings 8,892 7,666
Other components of equity (1,727) (1,103)
Total equity attributable to equity holders of the

Company 7,933 7,331
Non-controlling interests – –
Total equity 7,933 7,331
Total liabilities and equity $9,522 $8,539

Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Statements of Comprehensive Income
(Dollars in millions except share and per equity share data)

Three
Months
ended March
31, 2014 Three
months
ended March
31, 2013 Year ended
March 31,
2014 Year ended
March 31,
2013

Revenues $2,092 $1,938 $8,249 $7,398
Cost of sales 1,318 1,261 5,292 4,637
Gross profit 774 677 2,957 2,761
Operating expenses:

Selling and marketing expenses 104 96 431 373
Administrative expenses 136 124 547 479
Total operating expenses 240 220 978 852
Operating profit 534 457 1,979 1,909
Other income, net 139 125 440 433
Profit before income taxes 673 582 2,419 2,342
Income tax expense 186 138 668 617
Net profit $487 $444 $1,751 $1,725
Other comprehensive income

Items that will not be reclassified
to profit or loss:

Re-measurement of the net defined
benefit liability/(asset) (10) – – –

Items that may be reclassified
subsequently to profit or loss:

Fair value changes on
available-for-sale financial asset (3) 1 (17) 1
Exchange differences on translation
of foreign operations 237 74 (607) (404)
Total other comprehensive income,
net of tax $224 $75 ($624) ($403)
Total comprehensive income $711 $519 $1,127 $1,322

Profit attributable to:

Owners of the company $487 $444 $1,751 $1,725
Non-controlling interests – – – –

$487 $444 $1,751 $1,725
Total comprehensive income
attributable to:

Owners of the company $711 $519 $1,127 $1,322
Non-controlling interests – – – –

$711 $519 $1,127 $1,322

Earnings per equity share

Basic ($) 0.85 0.78 3.06 3.02
Diluted ($) 0.85 0.78 3.06 3.02
Weighted average equity shares used
in computing earnings per equity
share

Basic 571,402,566 571,402,566 571,402,566 571,399,238
Diluted 571,402,566 571,402,566 571,402,566 571,400,091

NOTE:

1. The unaudited Condensed Consolidated Balance sheets and Condensed Consolidated Statements of Comprehensive Income for the three months and year ended March 31, 2014 have been taken on record at the Board meeting held on April 15, 2014
2. A Fact Sheet providing the operating metrics of the company can be downloaded from http://www.infosys.com
Fact Sheet:

Click to access PIV680713-Infosys-fact-sheet.pdf


INR Press Release: http://multivu.prnewswire.com/prnehost/PIV680713-Infosys-IFRS-INR-press-release.pdf
Contact
Investor Relations
Sandeep Mahindroo
+91-80-3980-1018
Sandeep_Mahindroo@infosys.com
Media Relations
Sarah Vanita Gideon, India
+91(80)4156-3373
Sarah_Gideon@Infosys.com
Tara Kozak-Lindsay, Golin Harris for Infosys
+1(212)373-6020
TKozakLindsay@GolinHarris.com
Source: Infosys Ltd
Related stocks: NYSE:INFY

Written by asiafreshnews

April 16, 2014 at 4:35 pm

Campari Presents the 2014 Art Labels

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SESTO SAN GIOVANNI, Italy, April 15, 2014 /PRNewswire/ — Campari presents the new Art Labels limited edition, a modern reinterpretation of a number of works by Fortunato Depero, one of the most representative artists of the Futurist movement who had a long association with Campari.
To view the Multimedia News Release, please click:
http://www.multivu.com/mnr/71400517-campari-presents-the-2014-art-labels
Three collectible labels are the protagonists of the Campari limited edition and summarize three moments strongly related to the optimal consumption of the product: the preparation of a perfect cocktail, the pleasure of enjoying a Campari and its tasting.
The first label was inspired by a black and white ink sketch made on paper in 1928. It was a graphic study made for Campari, closely recalling aperitif time, revisited and re-colored, presented on a green background with the color red in strong evidence.
The second label on a yellow background depicts a collage dating back to 1927. The image takes up a sketch, the original of which is kept in the archive of the Galleria Campari collection, created by the artist with colored pencils. It represents the pleasure and passion of enjoying a Campari: the most evident detail of the portrayed character is his heart, which is colored as the liquid in the glass.
The third Art Label, which completes the collection, on a purple background, the only one already created in color, is a 1928 illustration created by Depero with the collage technique. The work depicts the iconic little man of Depero during the tasting of a Campari. The combination of colors has a particular impact and is also emphasized by the red liquid of the product.
Andrea Conzonato, Chief Marketing Officer, Gruppo Campari, commented: “The new Art Labels want to be a tribute to a great artist, Fortunato Depero, who worked extensively with Campari and produced truly unique works of art, connected with the brand by an unbreakable bond. Much of the artist’s production is kept at the Galleria Campari collection and is a piece of art history and of the company’s communications. The aim is to pay homage to the brand’s tradition and celebrate it in a new and original way by reinterpreting an art movement that still today is contemporary and very modern. Thus, Campari wants to present its consumers with a special collection that is a testimony to the strong innovative nature of the brand”.
The Campari Art Labels will initially be available in Italy from May 2014 and in the rest of the world thereafter.
Video:
http://www.multivu.com/mnr/71400517-campari-presents-the-2014-art-labels

Source: Gruppo Campari

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April 16, 2014 at 3:44 pm

Zebra Technologies to Acquire Enterprise Business from Motorola Solutions for $3.45 Billion

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— Transaction strengthens Zebra’s asset tracking portfolio to create a global leader in Enterprise Asset Intelligence for the Connected Age
— Motorola to become singularly focused on driving continued leadership in mission-critical communications for Government and Public Safety customers
LINCOLNSHIRE, Ill. and SCHAUMBURG, Ill., April 15, 2014 /PRNewswire/ — Zebra Technologies Corporation (NASDAQ: ZBRA) and Motorola Solutions, Inc. (NYSE: MSI) today announced that they have entered into a definitive agreement in which Zebra will acquire Motorola’s Enterprise business for $3.45 billion in an all-cash transaction. The acquisition will be funded through a combination of cash on hand and new debt. The transaction, which was approved by the Boards of Directors of both companies, is subject to customary closing conditions including regulatory approvals. The transaction is expected to be completed by the end of 2014.
Logo – http://photos.prnewswire.com/prnh/20140414/73074
Logo – http://photos.prnewswire.com/prnh/20140414/73075
“This acquisition will transform Zebra into a leading provider of solutions that deliver greater intelligence and insights into our customers’ enterprises and extended value chains,” stated Anders Gustafsson, Zebra’s chief executive officer. “The Enterprise business will generate significant value for our shareholders by driving further product innovation and deeper engagement with our customers and partners. It positions Zebra as a leading technology innovator, with the accelerating convergence of mobility, data analytics and cloud computing.”
“Our Enterprise business is an ideal fit for Zebra,” stated Greg Brown, Motorola Solutions chairman and CEO. “This transaction will enable us to further sharpen our strategic focus on providing mission-critical solutions for our government and public safety customers. Upon closing of the transaction, we intend to return the proceeds to our shareholders in a timely fashion.”
With 2013 pro-forma sales of approximately $2.5 billion (excluding sales of its iDEN products), Motorola’s Enterprise business is an industry leader in mobile computing and advanced data capture communications technologies and services. Through this transaction, Zebra will enter the segment where Motorola’s Enterprise business competes and strengthen its position in key industries including Retail, Transportation & Logistics, and Manufacturing and serve approximately 95 percent of the Fortune 500.
Zebra Technologies, with 2013 sales of $1.0 billion, is an industry leader in barcode and enterprise printing, asset tracking, Internet of Things (IoT) solutions, and motion and location sensing. The combination of these technology offerings and asset tracking solutions, together with Motorola’s Enterprise business, will create an industry leader in enterprise asset intelligence for the Connected Age.
The combined Zebra Technologies with Motorola’s Enterprise business would have had pro-forma sales in 2013 of approximately $3.5 billion. Approximately 4,500 employees are expected to join Zebra upon completing this transaction. Motorola Solutions will retain its iDEN product portfolio that was part of its Enterprise business and will continue its Government business, including its professional commercial radio product portfolio.
Motorola Solutions will continue to manufacture, design, integrate and deliver industry-leading voice and data communication solutions for government and public safety customers worldwide. Motorola Solutions sells these secure, mission-critical and innovative products, services and solutions with unique software designs that are the cutting edge in public safety technology. It also holds a unique portfolio of intellectual property.
Strategic Fit for Zebra
The transaction will significantly expand Zebra’s geographic reach; the combined company will have about 20,000 channel partners in more than 100 countries, and will hold a robust portfolio of intellectual property, with approximately 4,500 U.S. and international patents issued and pending. Key benefits to Zebra and its shareholders include:
Stronger combined platform with multiple growth opportunities
New and comprehensive product, technology and IP portfolio
Leading end-to-end solutions across key industries with global reach
Highly diversified business mix
Creating synergies by maximizing efficiencies and scale
Attractive growth and free cash flow profile
Strategic Rationale for Motorola Solutions
“Last year, we undertook a thorough review of our strategy and concluded that the synergies between our Government and Enterprise businesses were not as great as the value we could create by being singularly focused on our core Government & Public Safety business,” Motorola’s Brown said. “Going forward, we will have absolute clarity of purpose and mission as we serve customers globally with our suite of mission-critical communications solutions. This business is truly distinctive in its industry leadership, strong pipeline position, long-term track record of consistent profitability and cash flow, and an array of growth opportunities.”
Transaction Details
Under the agreement, Zebra will acquire the Enterprise business from Motorola Solutions in an all-cash transaction valued at $3.45 billion, which Zebra management expects to be immediately accretive on a cash earnings basis. Zebra expects to fund the transaction with approximately $200 million of available cash on hand and $3.25 billion that is fully committed to be raised through a new credit facility and the issuance of debt securities. The transaction is not subject to a financing condition and is expected to be completed by the end of 2014.
Morgan Stanley is serving as financial adviser to Zebra and is providing a fully underwritten financing commitment for the debt component of the transaction. Kirkland & Ellis LLP is serving as legal advisor to Zebra.
Goldman, Sachs & Co., and J.P. Morgan Securities LLC are serving as financial advisers to Motorola in connection with this transaction. Winston & Strawn LLP is serving as legal adviser to Motorola. Wachtell, Lipton, Rosen & Katz is serving as legal adviser to the Motorola Board of Directors.
Conference Call Notifications
For Zebra:
Investors are invited to listen to a live webcast of Zebra’s conference call discussing the pending acquisition announced today. The conference call will be held at 8:00 a.m. EDT today. To listen to the call, visit the company’s website at http://www.Zebra.com.
For Motorola:
Investors are invited to listen to a live webcast of the Motorola Solutions conference call discussing the announced pending transaction. The conference call will be held at 8:30 a.m. EDT today. To listen to the call, visit the company’s website at http://www.motorolasolutions.com/investor.
Forward-looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties. Actual results may differ from those expressed or implied in the company’s forward-looking statements. When used in this release and documents referenced herein, the words “anticipate,” “believe,” “estimate,” “intend,” and “expect” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. Similarly, statements herein that describe the proposed transaction between Zebra and Motorola Solutions, including its financial impact, and other statements of managements’ beliefs, intentions or goals also are forward-looking statements. These forward-looking statements are based on current expectations, forecasts and assumptions and are subject to the risks and uncertainties inherent in both Zebra’s and Motorola’s respective industries, including the Enterprise business, market conditions, general domestic and international economic conditions, and other factors. These factors also include the satisfaction of the conditions to closing of the transaction (including receipt of regulatory approvals), the completion of the acquisition of the Enterprise business from Motorola Solutions, the successful financing of the transaction, the expected timeline for completing the transaction, the successful integration of the operations by Zebra, and Zebra’s ability to implement plans, forecasts and other expectations with respect to the Enterprise business after the acquisition is completed and the ability of Motorola Solutions to return proceeds of the transaction to its shareholders and the timing thereof. Customer acceptance of Zebra’s products and solutions and competitors’ product offerings, and the potential effects of technological changes are inherent risks associated with the ongoing combined business. The continued uncertainty over future global economic conditions, the availability of credit, capital markets volatility, may have adverse effects on Zebra, its suppliers and its customers. In addition, a disruption in Zebra’s ability to obtain products from vendors as a result of supply chain constraints, natural disasters or other circumstances could restrict sales and negatively affect customer relationships. Profits and profitability will be affected by Zebra’s ability to control manufacturing and operating costs. Because of a large investment portfolio, interest rates and financial market conditions will also have an impact on results. Foreign exchange rates will have an effect on financial results because of the large percentage of Zebra’s international sales. These and other factors could have an adverse effect on Zebra’s sales, gross profit margins and results of operations and increase the volatility of Zebra’s financial results. Descriptions of the risks, uncertainties and other factors that could affect Zebra’s future operations and results can be found in Zebra’s filings with the Securities and Exchange Commission. A detailed description of other risks and uncertainties affecting Zebra is contained in Item 1A of Zebra’s 2013 Annual Report on Form 10-K and in its other filings with the Securities and Exchange Commission. . . A detailed description of other risks and uncertainties affecting Motorola Solutions, is contained in Item 1A of Motorola Solution’s 2013 Annual Report on Form 10-K and in its other filings with the Securities and Exchange Commission. These filings are available for free on the SEC’s website at http://www.sec.gov, on Zebra’s website at http://www.zebra.com and on Motorola Solutions’ website at http://www.motorolasolutions.com. The forward-looking statements made herein speak only as of the date hereof and none of Zebra, Motorola Solutions or any of their respective affiliates assumes any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, developments or otherwise, except as required by law.
About Zebra
A global leader respected for innovation and reliability, Zebra Technologies (NASDAQ: ZBRA) offers technologies that give a virtual voice to an organization’s assets, people and transactions, enabling organizations to unlock greater business value. The company’s extensive portfolio of marking and printing technologies, including RFID and real-time location solutions, illuminates mission-critical information to help customers take smarter business actions. For more information about Zebra’s solutions, visit http://www.Zebra.com.
About Motorola Solutions
Motorola Solutions is a leading provider of mission-critical communication solutions and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter. Motorola Solutions trades on the New York Stock Exchange under the ticker “MSI.” To learn more, visit http://www.motorolasolutions.com. For ongoing news, please visit our newsroom or subscribe to our news feed.
Media Resources
Information related to today’s transaction, including executive pictures and biographies, can be found at http://www.zebra.com/acquires-motorola-enterprise.
Contact:

For Zebra Technologies For Motorola Solutions

Investors: Douglas A. Fox, CFA
Vice President, Investor Relations and Treasurer
+1-847-793-6735
dfox@zebra.com Shep Dunlap
Vice President, Investor Relations
+1-847-576-6899
+1-847-400-6291
shep.dunlap@motorolasolutions.com

Financial Media Kerry F. Kelly
F T I Consulting
+1-617-897-1518
kerry.guiliano@fticonsulting.com Nicholas Sweers
Vice President, Global Communications
+1-847-576-2462
+1-847-450-4957
nicholas.sweers@motorolasolutions.com

Trade Media Stephanie Kneisler
Manager, Public Relations
+1-847-970-2470
skneisler@zebra.com Nicholas Sweers
Vice President, Global Communications
+1-847-576-2462
+1-847-450-4957
nicholas.sweers@motorolasolutions.com

Source: Zebra Technologies Corporation

Written by asiafreshnews

April 16, 2014 at 3:17 pm

Beyond the Hype of Global Next-Generation Sequencing Informatics: Inflated Expectations in an Emerging Market

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— Frost & Sullivan to present global views on next-generation sequencing at Bio-IT World Conference & Expo ’14
MOUNTAIN VIEW, Calif., April 15, 2014 /PRNewswire/ —
WHEN: 11:00 a.m. EDT on Wednesday, April 30, 2014
LOCATION: Bio-IT World Conference & Expo ’14, Seaport World Trade Center, Boston, MA
PRESENTER: Frost & Sullivan Senior Vice President of Healthcare and Life Sciences Greg Caressi
Companies along the spectrum of life science tools, informatics, genomics services, and clinical diagnostics industries continue flocking to the next-generation sequencing (NGS) market to take advantage of double-digit growth and an industry potentially worth billions in the coming years. Yet can this booming industry really support the more than 100 competitors and counting that serve the NGS informatics, data analysis, biological interpretation and clinical reporting portion of the market? It is imperative to evaluate the changing competitive landscape and uncover the real market information behind the hype to assess future market development.
Discussion Points
Will it be considered malpractice to diagnose and treat patients in 2020 without taking into account their individual genomic and proteomic data?
At what point does sequencing each individual’s genome become the standard of care?
What are the real market opportunities and growth expectations?
What are the mileposts to look for along the path to NGS market transformation?
Supporting Quote
“Many large clinical organizations have ambitious plans for clinical sequencing, for example, sequencing every patient who walks in the door; however, payors must be on board for the market to truly take off,” says Frost & Sullivan Senior Vice President of Healthcare and Life Sciences Greg Caressi. “Substantial evidence demonstrating sequencing’s value and cost-savings advantages is necessary before it becomes routine in practices globally. Additionally, many chief information officers will take at least five years to realize the need for investing in clinical informatics with links to electronic health records. Because hospital administrators tend to think in terms of long-term investment cycles, this mentality will not take hold for many years.”
Registration
Attend the presentation at Bio-IT World Conference & Expo ’14 by visiting: http://bit.ly/1mYbtx6
Supporting Resources
For more information about Frost & Sullivan’s global Healthcare practice, please visit: http://www.healthcare.frost.com.
About Bio-IT World
Part of the Cambridge Healthtech Institute Media Group, Bio-IT World provides outstanding coverage of cutting-edge trends and technologies that impact the management and analysis of life sciences data, including next-generation sequencing, drug discovery, predictive and systems biology, informatics tools, clinical trials, and personalized medicine. Through a variety of sources including, Bio-ITWorld.com, Weekly Update Newsletter and the Bio-IT World News Bulletins, Bio-IT World is a leading source of news and opinion on technology and strategic innovation in the life sciences, including drug discovery and development. http://www.Bio-ITWorld.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. 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 (www.Frost.com)
Contact:
Jennifer Carson
Frost & Sullivan
+1.210.247.2450
jennifer.carson@frost.com
Source: Frost & Sullivan

Written by asiafreshnews

April 16, 2014 at 2:35 pm

10th edition of Seatrade Med on course for success

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LONDON, April 15, 2014 /PRNewswire/ — As the excitement continues to build for the Seatrade Med Cruise Convention in Barcelona this September, the number of participating exhibitors are growing faster than previous events, with over 14% increase on exhibition sales compared to this time in 2012 for the show in Marseille.

Another strong sign of success is the MedCruise pavilion, which is set to be the biggest yet, with over 30 ports already confirmed to back the show and continuing strong interest.

Newcomers to the show are also being supported with the addition of the ‘New Supplier Zone’, catering for those companies looking to break into the cruise industry and providing the opportunity to showcase their products to cruise industry professionals from around the Mediterranean and beyond.

The exhibition will be complemented by a two and half day conference, discussing the key issues surrounding the rapid expansion of cruise in the Mediterranean region, including a high level cruise line panel discussing the outlook for the region as the world economy moves out of recession. The full conference programme can be found on the Seatrade Med website.

Nina Marston, Seatrade’s cruise marketing manager, commented “It’s so good for the Med’s cruise industry to see this strength of support for Seatrade Med. It provides the ideal business platform for all participants to engage and generate business opportunities, through the different mix in the programme – a high-level conference, showcase exhibition, travel agent training sessions and social networking events. This will be the 10th edition and the event is shaping up nicely.”

Additional news and information about Seatrade Med are available at http://www.cruiseshippingevents.com/med. Find Seatrade Med on Facebook, Twitter, LinkedIn and YouTube.

The Seatrade Med Cruise Convention is owned and organised by UBM in partnership with Seatrade and in association with the Port of Barcelona.

Editor – Nina Marston at Seatrade, Tel +44-1206-545121 or email nmarston@seatrade-global.com

Complimentary press registration is available to editors, writers and print/broadcast reporters intending to report on the event. Visit http://www.cruiseshippingevents.com/med/press to book your place.

About Seatrade Med
The Seatrade Med Cruise Convention, the major biennial cruise event focused on the world’s second largest cruise destination – the Mediterranean, will gather in Barcelona, Spain from September 16-18, 2014 at Fira de Barcelona Gran Via Conference Centre. Owned and organized by UBM Live in partnership with Seatrade Communications Ltd, Seatrade Med is Europe’s most prestigious cruise event, welcoming over 4,000 attendees and 300 exhibiting suppliers and service providers to the Mediterranean cruise market. Part of UBM Live’s growing Cruise Shipping Portfolio, Seatrade Med features a comprehensive conference featuring high-profile speakers, an exhibition, a travel agent training component, and valuable networking events.

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 Seatrade
Established 40 years ago, Seatrade is a leader in cruise and maritime publications, conferences and exhibitions, training, awards and other special projects. Regular events include international trade exhibitions and conferences across all maritime sectors, management training courses for shipping professionals, training seminars for travel agents and award schemes, including the Seatrade Insider Cruise Awards. Seatrade publications include magazines, supplements and yearbooks, whilst Seatrade Insider provides daily cruise news online at seatrade-insider.com
Source: Seatrade Med

Written by asiafreshnews

April 16, 2014 at 2:21 pm

Posted in Uncategorized

Neuberger Berman Continues Growth With UCITS Offerings In Singapore

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NEW YORK and SINGAPORE, April 15, 2014 /PRNewswire/ — Neuberger Berman Singapore Pte. Limited, a unit of Neuberger Berman Group LLC, one of the world’s leading employee-controlled investment managers, announced today the expansion of its fund platform in Asia with the registration of three UCITS funds for sale to the retail market in Singapore: the Neuberger Berman High Yield Bond Fund; Neuberger Berman US Multi-Cap Opportunities Fund; and Neuberger Berman Short Duration High Yield Bond Fund.

Logo – http://photos.prnewswire.com/prnh/20121010/MM90850LOGO

Neuberger Berman currently manages over $21 billion in assets for institutional and individual clients across its Ireland-based Neuberger Berman Investment Funds plc UCITS range, including over $1.5 billion raised from its presence in Taiwan. The firm also obtained authorization of 11 of its UCITS funds for sale to individual investors in Hong Kong.

“We are very pleased to continue our expansion into Asia by offering some of our most popular funds to retail investors in Singapore,” said Nick Hoar, managing director and head of Asia Pacific for Neuberger Berman. “It is crucial that we are able to offer these investment strategies to address an increasingly global client demand.”

“These funds represent some of our firm’s best ideas and we are excited to bring our portfolio managers’ experience and expertise to this market,” said Joseph Amato, president and chief investment officer of Neuberger Berman.

About Neuberger Berman
Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for global institutions, advisors and individuals. With offices in 16 countries, Neuberger Berman’s team is approximately 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $242 billion in client assets as of December 31, 2013. For more information, please visit our website at http://www.nb.com.

This document is issued by Neuberger Berman Singapore Pte. Limited and has not been reviewed by the Monetary Authority of Singapore (“MAS”). The registration of the funds for sale to the public is not a recommendation or endorsement of its suitability for any particular investor or class of investors by the MAS. The MAS has not, in any way, considered the investment merits of the funds.

Media Contact: Alex Samuelson, +1-212-476-5392, Alexander.Samuelson@NB.com
David Bloomfield, +852-9571-3819, david.bloomfield@NB.com
Elina Choy, +852-6339-2900, elina.choy@NB.com
Source: Neuberger Berman

Written by asiafreshnews

April 16, 2014 at 1:39 pm

Posted in Uncategorized

CNH Industrial Announces Management Changes

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BASILDON, United Kingdom, April 15, 2014 /PRNewswire/ — CNH Industrial N.V. (NYSE:CNHI / MI:CNHI) today announced certain management changes. Effective immediately, Richard Tobin, in addition to his position as Chief Executive Officer, assumes added responsibility as Brand President – Case Construction Equipment and New Holland Construction Equipment.

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Group is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: http://www.cnhindustrial.com

For more information contact:

Richard Gadeselli
Tel: +44-1268-292-468
Email: mediarelations@cnhind.com
http://www.cnhindustrial.com
Source: CNH Industrial N.V.

Written by asiafreshnews

April 16, 2014 at 1:10 pm

Posted in Uncategorized

Industry Gurus Return as JNA Awards Judges

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James Courage, Albert Cheng, and Lin Qiang lead JNA Awards 2014 judging panel

HONG KONG, April 14, 2014 /PRNewswire/ — JNA (Jewellery News Asia), organiser of the prestigious JNA Awards, is pleased to announce that some of the most renowned experts and respected names in the jewellery industry will return as members of the independent judging panel for the third straight year. They are James Courage, CEO of Platinum Guild International (PGI); Albert Cheng, Managing Director of the World Gold Council, Far East (WGC); and Lin Qiang, President and Managing Director of the Shanghai Diamond Exchange (SDE).
(From left) James Courage,CEO of Platinum Guild International; Albert Cheng, Managing Director of World Gold Council, Far East; Lin Qiang, President and Managing Director of the Shanghai Diamond Exchange
(From left) James Courage,CEO of Platinum Guild International; Albert Cheng, Managing Director of World Gold Council, Far East; Lin Qiang, President and Managing Director of the Shanghai Diamond Exchange

The JNA Awards seeks to honour companies and individuals that have demonstrated excellence and made positive contributions to their businesses and communities. Judging of the Awards is an independent, transparent, and rigorous process. More prominent industry experts will be announced soon to complete the judging panel, which will represent the sectors and regions key to the jewellery trade.

“We are very pleased to once again welcome these three outstanding industry leaders as principal members of the JNA Awards’ highly-esteemed panel of judges. They have been with us since the start of the Awards and will continue to lend their voice of authority, valuable insight and unparalleled expertise in the judging process,” said Letitia Chow, Founder of JNA and Director of Business Development – Jewellery Group at UBM Asia.

Courage commented, “I am honoured to have been invited to be a judge for the JNA Awards 2014. I have valued the opportunity to have participated in the judging process for the last two years and thus witnessed both the rising standards and growing number of entries from all levels of the jewellery industry for these prestigious and innovative awards.” Since 1996, Courage has been PGI’s CEO, responsible for its global jewellery development programmes, including the launch of marketing initiatives in China and India. He is also currently the Chairman of the Responsible Jewellery Council.

Cheng said, “I am proud to once again be selected as a judge of the JNA Awards. This awards programme is gaining recognition in the jewellery industry. Last year, we saw a considerable increase in the number of entries. I hope that we would see more entries this year, particularly from Asia. If you haven’t submitted your entry yet, start doing so to avoid the rush.” Cheng joined the WGC regional office in Singapore in March 1993 as Regional Manager for planning and business development in the Far East. In 2003, he was appointed to his current role with responsibility for operations in the entire region.

Lin added, “I am extremely delighted to once again be part of the JNA Awards judging panel. Since its inception, the Awards has recognised industry excellence in a very transparent process. I am proud to be a part of the JNA Awards, which promotes excellence in the jewellery industry.” Since 2000, Lin has been the President and Managing Director of the SDE, the only official diamond trading platform in mainland China, which leads the implementation of an effective government policy for the country’s diamond industry.

The JNA Awards will culminate with a ceremony and gala dinner on Tuesday, September 16, at the InterContinental Hong Kong, during the September Hong Kong Jewellery & Gem Fair. The Awards has Rio Tinto Diamonds and Chow Tai Fook as Headline Partners, with Diarough Group, Gubelin Group, Israel Diamond Institute, KARP Group, Paspaley Pearling Company, and SDE as Honoured Partners.

Now on its third year, JNA Awards 2014 is accepting entries for 16 categories. Deadline for entries is April 17, 2014, midnight Hong Kong time. For enquiries and online application form, please visit the Awards’ website at http://www.jnaawards.com.

Notes for Editors:

1. About JNA

JNA is the flagship magazine of UBM Asia’s Jewellery Group. First published in 1983, the title is the leader in providing up-to-date international jewellery trade news with an Asian insight. It features original, in-depth reports by experienced journalists covering the latest developments in the diamond, pearl, gemstone and jewellery-making equipment, and supplies sectors.

2. About the Headline Partners

2.1 Rio Tinto Diamonds (www.riotintodiamonds.com)

Rio Tinto operates a fully integrated diamonds business from exploration through to sales and marketing. It is one of the world’s major diamond producers through its 100 percent control of the Argyle mine in Australia, 60 percent of the Diavik mine in Canada, 78 percent interest in the Murowa mine in Zimbabwe, and 100 percent interest in the Bunder project in India.

Rio Tinto’s share of the production from its three operating diamond mines is sold through its sales and marketing office in Antwerp, with representative offices in Mumbai, Hong Kong, and New York. It also operates a niche cutting and polishing factory in Perth for the rare pink diamonds from its Argyle mine. Rio Tinto is a leading supporter of the Kimberley Process, as well as a founding member of the Responsible Jewellery Council.

2.2 Chow Tai Fook Jewellery Group Limited (www.chowtaifook.com)

Chow Tai Fook Jewellery Group Limited, a leading jeweller in the Mainland of China, Hong Kong, and Macau, was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011 and has become the world’s largest pure-play jeweller by market capitalisation. Chow Tai Fook is now a constituent stock of the Hang Seng China 50 Index and the Hang Seng Mainland 100 Index. Its principal products are mass luxury jewellery and high-end luxury jewellery products including gem-set jewellery, gold products, platinum and karat gold product, and watches.

The Group’s iconic brand “Chow Tai Fook” and long-standing history of over 80 years of operations represent key competitive advantages of its business. The Chow Tai Fook brand is recognised for its trustworthiness and authenticity, and renowned for its product design, quality, and value.

The Group has an extensive retail network, with over 2,000 points of sale in more than 400 cities in Greater China, Singapore, and Malaysia. It also has a growing presence in e-commerce. The Group’s vertically integrated business model provides an effective and tight control over the entire operation chain from raw material procurement, design, production, to marketing and sales through its extensive retail network.

3. About the Honoured Partners

3.1 Diarough Group (www.diarough.com)

Diarough Group was established in Antwerp in 1975 and owns diamond polishing factories in China, India, Thailand, and Botswana, with a network of sales offices around the world. Diarough is known among the most professional and respected names in the international diamond industry.

Diarough believes in building and nurturing long-term business relationships based on mutual trust, finding solutions to business and marketing problems, creating marketable opportunities through innovative products, and providing excellent client services.

Its jewellery manufacturing unit Uni-Design has produced many award winning jewellery pieces, which have been proudly worn by celebrities on the red carpet over the years.

The Group employs over 3,500 people and is engaged in a wide range of diamond business activities like rough trading, cutting, polishing, jewellery manufacturing and marketing to retailers, chain stores, global brands, and private labels worldwide. Diarough employs advanced technology and modern work speed with traditional ethical business practices upon which the Company was founded.

3.2 Gubelin Group

Since 1854 the name Gubelin has stood for the very highest standards in gemstones, jewellery, and watches. With its selection of most sought-after timepieces and jewellery of its own design, the family-run business is represented at all the prime locations in Switzerland: Lucerne, Zurich, Basel, Bern, St. Moritz, Lugano, and Geneva. Last November, Gubelin Jewellery established its presence in Hong Kong.

Besides the jewellery boutiques and the Gubelin Ateliers, the group has a newly-established Academy and a world-renowned Gemmological Laboratory. The Gubelin Gem Lab is one of the oldest and most respected institutions of its kind, relied on by dealers, auction houses, royal families, and collectors since the 1920s.

3.3 The Israel Diamond Institute

The Israel Diamond Institute Group of Companies (IDI) is a non-profit, public interest company representing all institutions involved in the Israeli Diamond Industry. Israel is one of the world’s leading diamond centres, and the Israeli diamond industry has an illustrious history dating back to the late 1930s.

IDI works for the benefit of Israel’s diamond industry in the areas of marketing and business promotion, international communications, R&D, rough sourcing, professional training, publishing, and security consultancy. IDI is responsible for industry participation in major trade fairs around the world, organising Israeli Diamond Pavilions, receptions, press conferences, and other events at these fairs.

IDI operates a representative office in Hong Kong, which fosters trade relations with Asian markets.

3.4 KARP Group

With over four decades of experience and expertise in the diamond trade, KARP caters to international luxury brands. Apart from being a DTC Sightholder, the group is recognised as an “institution” in the industry, using the most technologically advanced manufacturing systems in the business. KARP manufactures a huge array of products, from 0.005-carat goods to stones weighing 10 carats and above.

It excels in the production of certified fine makes, fancy-cut goods, and fancy coloured diamonds. The manufacturer is one of the few companies that has achieved up to 5-micron precision in diamond manufacturing.

3.5 Paspaley Pearling Company (www.paspaley.com)

Paspaley Pearling Company is the leading producer of Australian South Sea pearls, supplying strands, loose pearls, and mother-of-pearl shells to many of world’s leading jewellery wholesalers, manufacturers, and retailers.

The Paspaley family became involved in pearling in the 1920s, and is the world’s only South Sea pearl producer with origins in the natural pearl industry. Paspaley Pearling Company Pty Ltd was incorporated in 1953 and built its success and reputation as a pioneer in the cultivation of South Sea pearls. Today, the Company sets the benchmark for modern pearling practices, operating numerous pearl farms dotted along more than 2,500 kilometres of the remote and pristine coastline of north-west Australia.

Paspaley’s harvest represents the majority of Australian South Sea pearl production and has a well-deserved reputation for exceptional quality.

3.6 Shanghai Diamond Exchange

Authorised by the State Council, the Shanghai Diamond Exchange (SDE) is the only diamond exchange in China and provides diamond dealers a fair and safe transaction venue under close supervision. It also enjoys a favourable taxation policy and is operated in accordance with international best practices of the diamond industry.

Established in 2000, the SDE is a non-profit, self-regulating membership organisation and a member of the World Federation of Diamond Bourses.

4. About UBM Asia

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 U.S., UBM Asia has a strong global presence in 25 major cities with 30 offices and over 1,400 staff.

With a track record spanning over 30 years, UBM Asia operates in 21 market sectors with 160 dynamic face-to-face exhibitions, 75 high-level professional conferences, 28 targeted trade publications, 18 round-the-clock vertical portals, and virtual event services for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers, and subscribers from all over the world. We provide a one-stop diversified global service for high-value business matching, quality market news and online trading networks.

UBM Asia has extensive office networks in China, Southeast Asia, and India, three of the world’s fastest growing B2B events markets. UBM China has 11 offices in the major cities in mainland China, including Beijing, Shanghai, Guangzhou, Hangzhou, Chengdu, and Shenzhen, where we organise more than 70 exhibitions and conferences. In ASEAN, UBM Asia operates from its offices in Malaysia, Thailand, Indonesia, Singapore, Vietnam, and the Philippines with over 60 events in this region. UBM India teams in Mumbai, New Delhi, Bangalore, and Chennai organise 20 exhibitions and 60 conferences every year across the country.

For more information, contact:

Betty Ma
JNA
UBM Asia (Hong Kong)
+852-2516-1683
enquiries@jnaawards.com
Source: UBM Asia Ltd

Written by asiafreshnews

April 16, 2014 at 12:15 pm

Posted in Uncategorized