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RS Components Enters Agreement with Adapteva to Deliver One of the World’s Most Energy-Efficient Open-Source Computing Platforms to Customers Globally

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-Innovative Parallella board provides powerful, high-performance embedded computing capability in a compact, affordable, energy-efficient package

SINGAPORE /PRNewswire/ — RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the global distributor for engineers, has signed a significant distribution agreement with Adapteva, producer of the innovative Epiphany multicore coprocessor and developer of the popular Parallella-16 board.

RS262 - Parallella board
RS262 – Parallella board

 

The partnership will bring the Parallella board directly to customers in Europe and Asia, which comprise almost 50% of the Parallella community, and will enable quicker, easier access to this energy-efficient technology.

Parallella was introduced to the industry through a highly successful Kickstarter crowdsourcing campaign with the objective of democratising access to supercomputing. The open-source project now has thousands of users around the globe in one of the industry’s most active programming communities. The open-source single board computer includes the Epiphany III 16 core co-processor on the board alongside the Xilinx Zynq Z7000 dual core ARM processor. The credit card sized device can be used as a development platform, embedded engine, teaching platform or research tool and is easily scalable by clustering boards to create a mini-supercomputer for advanced parallel computing applications.

“As a leading electronics distributor, RS has the experience and reach to provide wider access to the Parallella board around the globe,” said Jonathan Boxall, Global Head of Semiconductors at RS Components. “We are energised by the initial success of Adapteva and are committed to help expand the success to a much broader range of users via our worldwide network.”

“Adapteva is changing the way that people do computing as traditional approaches are nearing the end of their power efficiency,” said Andrea Olofsson, CEO and Founder of Adapteva. “Parallella puts new capabilities in the hands of the novice and the expert. We are making parallel programming an everyday, low cost, accessible technology.”

The Parallella board is available in three models and can be purchased from RS for same-day despatch from the company’s global distribution centres.

About RS Components

RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the global distributor for engineers. With operations in 32 countries, we offer around 500,000 products through the internet, catalogues and at trade counters to over one million customers, shipping more than 44,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include semiconductors, interconnect, passives and electromechanical, automation and control, electrical, test and measurement, tools and consumables.

Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2014 had revenues of GBP1.27bn.

For more information, please visit the website at 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
www.electrocomponents.com

RS Components
www.rs-online.com/

DesignSpark
www.designspark.com

Photo – http://photos.prnasia.com/prnh/20140923/8521405346
Logo –
http://www.prnasia.com/sa/2011/05/04/20110504368830.jpg

Source: RS Components Singapore

Written by asiafreshnews

September 30, 2014 at 3:37 pm

Distinct Winners to the 2nd Hong Kong Public Relations Awards 2014 Announced

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HONG KONG, Sept. 29, 2014 /PRNewswire/ — To showcase the best practices and appraise the professional standards of public relations in Hong Kong, Hong Kong Public Relations Professionals’ Association (PRPA) announced yesterday the results of The 2nd Hong Kong Public Relations Awards 2014.

Received overwhelming responses and tremendous support from the industry, the 2nd HK Public Relations Awards 2014 honoured 21 awards winners at the Award Presentation Ceremony, Hong Kong Tourism Board won The “Grand Award of Excellence”.

Granted on PR Campaign and Individual Award basis, the HK PR Awards 2014 recognises excellent PR campaigns and PR professionals of outstanding performances. Dr John Chan, Chairperson of the Organising Committee of the HK PR Awards 2014 said, “The Awards winners have set good role models for professionalism and best practices in public relations. I sincerely hope that the Awards will continue to be a significant event for the Association and the industry and provide a valuable platform for best practice sharing.”

Speaking at the Award Ceremony, Mr Matthew Leung , Acting Director of Government Information Services said, “The new media are changing the PR world. The fact that they are expanding their role in local politics means that we have to make more visible and innovative efforts to articulate government messages in the digital domains.”

The winners were selected in a conscientious process. Formed by 14 veteran professionals from business, academic, media and public relations sectors, the Judging Panel selected the winning entries with careful scoring process. “We received over 60 entries. The entrants came from a diversity of companies and organisations from different sectors and industries,” said Professor Paul Lee, the Chief Judge of the Panel. “The entry cases covered a wide scope of public relations and all the campaigns were well-planned and executed, demonstrating a high standard of professionalism. It was indeed difficult for the judges to choose the winners.”

Firstly launched in 2010, the HK PR Awards is organised by the Hong Kong Public Relations Professionals’ Association (PRPA), with an aim to give due recognition to organisations, teams and individual public relations practitioners who have planned and executed excellent and highly effective public relations campaigns that have contributed to the success of the organisations that they serve. The Awards this year received extraordinary support from more than 20 organisations and individuals for their sponsorships, 8 supporting organisations and 2 media partners.

Gold and Silver Awards for six PR Campaign awards categories, namely Reputation Management, Corporate Social Responsibility, Stakeholder Communications, Integrated Marketing Communications, New Media Communications and Event Management, were presented. A Grand Award of Excellence was presented to the overall winner among the Gold Awards, and a Most Creative Campaign Award was also presented to the entry that demonstrated the highest creativity in its communication strategies, tactics and execution. Moreover, two individual awards — Distinguished Professional of the Year and Young Professional of the Year — were presented to outstanding practitioners. The results of the awards are as follows:

Results of the Hong Kong Public Relations Awards 2014

Categories
Winners
Winning Campaign

Reputation Management

Gold
The Hongkong Electric Co. Ltd
From Sorrow to Support-

Handling the Lamma Tragedy

Silver
Construction Industry Council
It Works Because I Work

Hong Kong Disneyland Resort
Mystic Makeover. How Hong Kong Disneyland Won Back Stakeholders’ Trust

Corporate Social Responsibility

Gold
New World Development Company Limited
New World Springboard

Silver
DBS Bank (Hong Kong) Limited
DBS Social Enterprise Campaign

NWS Holdings Limited
Young Ambassadors for Geoconservation Training Programme

Stakeholder Communications

Gold
The Kowloon Motor Bus Co. (1933) Ltd.
九巴伴你同行80年

Silver
BlueCurrent Group
I am Janssen. I am Integrity.

Vitasoy International Holdings Limited
Case Study on Stakeholder Communications – Group CEO Succession and Transition

Integrated Marketing Communications

Gold

Hong Kong Tourism Board
Hold My Hand in Hong Kong

Silver
DBS Bank (Hong Kong) Limited
DBS Hong Kong Branding Campaign

Ketchum Hong Kong
Project Live Your Life, American Eagle Outfitters

New Media Communications

Gold

Hong Kong Disneyland Resort

Breakthrough the Halloween

Celebration of Hong Kong Disneyland

Event Management

Gold
The Kowloon Motor Bus Co. (1933) Ltd.
九巴80週年慶祝活動系列

Silver
Ogilvy Public Relations Worldwide Ltd
Night Explorer

Ogilvy Public Relations Worldwide Ltd
360 Jump Rope Spectacular

Grand Award of Excellence
Hong Kong Tourism Board: Hold My Hand in Hong Kong

Most Creative Campaign Award
Hong Kong Disneyland Resort: Mystic Makeover, How Hong Kong Disneyland Won Back Stakeholders’ Trust
Hong Kong Tourism Board: Hold My Hand in Hong Kong

Distinguished Professional of the Year
Ms. Clara SHEK, Ogilvy Public Relations Worldwide Ltd.

Young Professional of the Year
Mr. Ray LAM, Ogilvy Public Relations Worldwide Ltd.

Judging Panel

Prof Paul LEE (Chief Judge)
– Dean, Faculty of Social Science, The Chinese University of Hong Kong

– Professor, School of Journalism and Communication, The Chinese University of Hong Kong

Mr Philip CHEN
– Managing Director, Hang Lung Properties Limited

Mr Walter CHEUNG
– Head of Communications and Corporate Sustainability, Hang Seng Bank

Prof Yi-Hui Christine HUANG,
PhD
– Professor, School of Journalism and Communication, The Chinese University of Hong Kong

Mr Peter KWAN
– Senior Teaching Fellow, Department of Media and Communication, City University of Hong Kong

– Treasurer, Executive Committee, Journalism Education Foundation

Mrs Grace LAM
– Vice President,Public & Government Affairs – Hong Kong & Southern China, ExxonMobil Hong Kong Limited

Ms Vivian LAU
– Chief Executive Officer, Junior Achievement Hong Kong

Mr Chris LIU
– Director of Corporate Communications, Sun Hung Kai Properties Limited

Mr B C LO
– Former Vice President – Public Affairs, Hong Kong Disneyland

Ms Winnie NG
– Founder and Deputy Chairman , RoadShow Holdings Limited

Ms. Clara SHEK
– Managing Director, Ogilvy Public Relations

Mr. Anthony WU
– National Standing Committee member, CPPCC

Mr. Chris YEUNG
– Vice Chairman, Hong Kong News Executives’ Association

Mr George YUEN,
FHKIoD
– Independent Non-executive Director, Industrial and Commercial Bank of China (Asia) Limited

Organising Committee for The 2nd Hong Kong Public Relations Awards (2014)

Chairperson
Dr John CHAN, GBS, JP

Vice Chairpersons
Mrs Grace LAM
Professor Paul S N LEE
Ms Maria CHEUNG

Secretary-General
Dr Linda TSUI

Deputy Secretary-General
Ms Eppie TAM

Treasurer
Ms Pamela LEUNG

Award Management Sub-committee
Ms Cecilia KO (Chief Convenor)
Ms Angela LAI (Convenor)

Sponsorship Sub-committee
Ms Germaine LUI (Chief Convenor)
Ms Elaine CHAN (Convenor)

Publicity and Promotion Sub-committee
Ms Ruby WAN (Chief Convenor)
Ms Trish YAN (Convenor)

Award Presentation Ceremony and
Gala Dinner Sub-committee
Ms Stella LUNG (Chief Convenor)
Ms Annie WAN (Convenor)

Secretariat
Hong Kong Productivity Council

Work Group members:
Mr Calvin CHAN, Ms Angel CHUNG, Mr Patrick HA, Ms Queenie MAK, Ms Elin WONG

About PRPA

Established on May 1, 1995, the Hong Kong Public Relations Professionals’ Association Limited (“PRPA”) is an independent body comprising public relations practitioners in Hong Kong. Its founding members include public relations professionals from the commercial and public sectors in Hong Kong, either working in-house or in consultancies. Since its inception, the Association has been actively promoting public relations as a profession and providing regular meetings and forums to exchange views and share experience. It is the belief of PRPA that public relations will play an increasingly significant role in an organization as well as the development of Hong Kong’s economy.

To see the full version of this release: http://photos.prnasia.com/prnk/20140929/8521405619-a

Written by asiafreshnews

September 30, 2014 at 3:15 pm

Posted in Uncategorized

Countdown to the Important Hong Kong Sourcing Shows

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HONG KONG, Sept. 26, 2014 /PRNewswire/ — Opening in October, both MEGA SHOW Part 1 and 2 are on target to present over 5254 exhibition stands with 3872 suppliers from 34 countries during the seven important sourcing days for international trade buyers between October 20 -23 and October 27-29 , 2014.

These two long-established trade shows are the defining and premier Hong Kong-based sourcing events and have become the annual diary dates for over 57,000 global buyers of gifts, housewares, premiums and toys. They are the only two industry events to present the broadest and most comprehensive range of global products manufactured in Asia for export markets every October.

NEW in 2014

MEGA SHOW Part 1 and MEGA SHOW Part 2 have undergone a significant, customer-driven reorganisation and the diverse merchandise mix has been classified into merchandise series, each in a clearly defined location and providing buyers with ease of navigation around the show venue, during the seven show days.

There are 8 product series in MEGA SHOW Part 1 from Monday 20 October to Wednesday 23 October:

ASIAN GIFTS & PREMIUMS SHOW
ASIAN GIFTWRAP & PACKAGING SHOW
ASIAN FESTIVE, CHRISTMAS AND SEASONAL
ASIAN HOUSEWARES & HOME DECOR
ASIAN KITCHEN & DINING – NEW!
ASIAN GLASSWARE TRENDS
ASIAN TOYS & GAMES
ASIAN BABY & NURSERY WORLD – NEW!
There are 4 product series in MEGA SHOW Part 2 from Monday 27 October to Wednesday 29 October:

ASIAN HOUSEWARES & HOME TEXTILES
ASIAN STATIONERY
ASIAN HOME DECOR & OUTDOOR LIVING
ASIAN GIFTWARE
The shows this year include an increase in the number of eco-friendly suppliers with a wider choice of “green” products, a dedicated zone in MEGA SHOW Part 1 for KITCHEN AND DINING as well as BABY AND NURSERY and country pavilions from BANGLADESH, MAINLAND CHINA, INDIA, INDONESIA, MALAYSIA, SOUTH KOREA, TAIWAN, THAILAND, THE PHILIPPINES, VIETNAM AND THE UNITED KINGDOM.

Over 879 new companies from all over Asia and abroad are exhibiting this season with MEGA SHOW as their exclusive Hong Kong sales platform, providing trade buyers with the opportunity to meet not only with familiar export faces but to source from new producers and trade with worldwide companies in Hong Kong, the centre of GLOBAL SOURCING.

NOTES TO EDITORS:

Mega Expo (Hong Kong) Limited
Email cs@mega-show.com
http://www.mega-show.com

MEDIA INQUIRIES

Mr. Ben Wong
Email: ben.wong@mega-expo.com
Tel : + 852 3588 9688

Written by asiafreshnews

September 30, 2014 at 2:48 pm

Posted in Uncategorized

SIR-Spheres(R) y-90 Resin Microspheres Recommended in New European Society of Medical Oncology (ESMO) Clinical Guidelines for Treating Metastatic Colorectal Cancer (mCRC)

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BONN, Germany /PRNewswire/ — Newly published European Society for Medical Oncology (ESMO) clinical guidelines for the treatment of metastatic colorectal cancer (mCRC) endorse radioembolisation, specifically with Yttrium-90 resin microspheres, as a clinically proven technology to “prolong time to liver tumour progression” in mCRC patients who have failed to respond to available chemotherapy options.

SIR-Spheres Y-90 resin microspheres, the lead product of Sirtex Medical Limited, is the only product used for radioembolisation or Selective Internal Radiation Therapy (SIRT) that is recommended in the new ESMO guidelines.

The new guidelines, authored on behalf of the ESMO Guidelines Working Group by Professors Eric Van Cutsem (Leuven, Belgium), Andres Cervantes (Valencia, Spain), Bernard Nordlinger (Paris, France) and Dirk Arnold(Freiberg, Germany) were published online in a 4 September 2014 supplement to the Annals of Oncology.[1]

“We are very pleased that the authors of major international clinical guidelines in the treatment of mCRC have singled out radioembolisation, and particularly our unique product, SIR-Spheres Y-90 resin microspheres, as an appropriate treatment for patients with colorectal liver metastases that have failed to respond to chemotherapy,” said Nigel Lange, CEO of Sirtex Medical Europe GmbH.  “We believe the new ESMO clinical guidelines will have an immediate effect on improving patient access to SIR-Spheres Y-90 resin microspheres across Europe.”

As clinical evidence for the new ESMO recommendation, the authors cited a multi-centre randomised controlled study conducted by Professor Alain Hendlisz (Brussels, Belgium) and colleagues.  The Hendlisz study was a “Phase III trial comparing intravenous fluorouracil infusion with yttrium-90 resin microspheres for liver-limited metastatic colorectal cancer refractory to standard chemotherapy.”[2]

In April 2013, Sirtex announced that it had completed recruitment of patients for SIRFLOX, a 500-patient randomised clinical study that compares the use of SIR-Spheres Y-90 resin microspheres in combination with standard chemotherapy to standard chemotherapy alone in the treatment of patients recently diagnosed with inoperable mCRC, which is much earlier in the treatment paradigm.  Data from SIRFLOX are expected in 2015.

About Metastatic Colorectal Cancer

The new ESMO clinical guidelines state that 447,000 cases of colorectal cancer (CRC) are reported annually inEurope, and 215,000 European patients die from the disease each year.  It is the second most-common cancer among both men and women.  When CRC spreads, or metastasises, to other parts of the patient’s body it becomes mCRC, which is the subject of the new ESMO guidelines.

Of critical importance, one-fourth (25%) of all patients who are newly diagnosed with cancer in their bowels already have mCRC at the time of their diagnosis.  One-half (50%) of all colorectal cancer patients will eventually suffer from mCRC. The liver is generally the first and most frequent site of these metastases, which is why the multidisciplinary cancer teams that ESMO recommends to direct the management of mCRC increasingly use combinations of systemic and local treatments, such as liver-directed radioembolisation with SIR-Spheres Y-90resin microspheres to achieve optimal patient outcomes.

About SIR-Spheres Y-90 Resin Microspheres

SIR-Spheres Y-90 resin microspheres are used to deliver SIRT (also known as radioembolisation), a proven technology for inoperable liver tumours that delivers substantial, targeted doses of radiation directly to the cancer.  In a minimally invasive treatment, millions of SIR-Spheres microspheres are infused via a catheter into the liver where they selectively target liver tumours with a dose of internal radiation up to 40 times higher than conventional radiotherapy, while sparing the adjacent healthy liver tissue.

Manufactured by Sirtex Medical Limited, SIR-Spheres microspheres are approved for the treatment of liver tumours that are unable to be removed through surgery in Australia, the European Union (CE Mark), Argentina (ANMAT),Brazil, Switzerland, Turkey and several other countries in Asia such as India, Korea, Singapore, and Hong Kong.

SIR-Spheres microspheres also have a full Pre-Market Approval (PMA) by the FDA and are indicated in the United States for the treatment of non-resectable metastatic liver tumours from primary colorectal cancer in combination with intra-hepatic artery chemotherapy using floxuridine.  Additionally, SIR-Spheres microspheres are supplied in countries such as Israel, New Zealand, Malaysia, Taiwan and Thailand.

Available at more than 700 treatment centres, over 45,000 doses of SIR-Spheres microspheres have been supplied worldwide.

®SIR-Spheres is a registered trademark of Sirtex SIR-Spheres Pty Ltd.

References

1.    Van Cutsem E, Cervantes A, Nordlinger B, Arnold D on behalf of the ESMO Guidelines Working Group.  Metastatic colorectal cancer: ESMO Clinical Practice Guidelines for diagnosis, treatment and follow-up.  Ann Oncol2014; 25 (Suppl 3): iii1-iii9.

2.    Hendlisz A, Van den Eynde M, Peeters M et al.  Phase III trial comparing protracted intravenous fluorouracil infusion alone or with yttrium-90 resin microspheres radioembolization for liver-limited metastatic colorectal cancer refractory to standard chemotherapy.  J Clin Oncol 2010; 28: 3687-3694.

916-EUA-0914

Resource: Sirtex Medical Europe

Source: Sirtex Medical Europe

Written by asiafreshnews

September 30, 2014 at 12:16 pm

Posted in Uncategorized

IWC Adds a Sparkle to the Wrist

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SCHAFFHAUSEN, Switzerland /PRNewswire/ — New Portofino Midsize watches complement the Portofino collection from IWC Schaffhausen

IWC Schaffhausen is proud to present its 2014 Portofino Midsize collection. The Portofino collection from IWC has been an expression of understatement and good taste for 30 years. Thanks to its purist, timeless design, the watch family has established itself as one of our company’s most successful families and is equally popular with both men and women. The new watches now make the Portofino line also attractive to watch lovers who prefer a slightly smaller timepiece.

(Photo: http://photos.prnewswire.com/prnh/20140929/708330-a )
(Photo: http://photos.prnewswire.com/prnh/20140929/708330-b )
Video: http://youtu.be/s6NpJ8wQ1KM

To mark the launch of the Portofino Midsize collection, celebrated photographer Peter Lindbergh created an impressive series of exclusive pictures, featuring well-known celebrities Cate Blanchett, Emily Blunt, Zhou Xun,Ewan McGregor and Christoph Waltz as well as the models Adriana Lima and Karolina Kurkova in the picturesque Italian harbour town of Portofino. It is the second time Lindbergh has created a shoot for IWC Schaffhausen to promote the Portofino, and he has once more managed to brilliantly convey in his work the spirit of timeless elegance that the town embodies. The exclusive collection of photographs will travel the world as an exhibition entitled “Timeless Portofino”. Stops are the IWC Portofino Midsize Launch Events scheduled for the Zurich Film Festival, the Watches & Wonders watch fair in Hong Kong, the London Film Festival, the Art Basel in Miami and an exclusive occasion in Dubai.

Portofino Press Lounge

To explore the world of the Portofino Midsize watches from IWC Schaffhausen and to learn all about the Portofino photo shoot by Peter Lindbergh, please visit:

http://www.iwc.com/portofino-press

All press material can be downloaded free of charge and used for editorial purposes.

IWC Press Contact

For further information, kindly send us an e-mail to press-iwc@iwc.com or call us at +41-(0)52-635-65-65.

Best regards,

IWC Schaffhausen

IWC Schaffhausen

With a clear focus on technology and development, the Swiss watch manufacturer IWC Schaffhausen has been producing timepieces of lasting value since 1868. The company has gained an international reputation based on a passion for innovative solutions and technical ingenuity. One of the world’s leading brands in the luxury watch segment, IWC crafts masterpieces of haute horlogerie at their finest, combining supreme precision with exclusive design. As an ecologically and socially responsible company, IWC is committed to sustainable production, supports institutions around the globe in their work with children and young people, and maintains partnerships with organizations dedicated to climate and environmental protection.

Source: IWC Schaffhausen

Written by asiafreshnews

September 30, 2014 at 12:13 pm

Posted in Uncategorized

Mademoiselle Pauline Ducruet, Member of the Monaco Princely Family, Becomes Lancaster’s New Ambassadress in Asia

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PARIS /PRNewswire/ — Lancaster, the skin and sun care brand, is honoured to announce that Mademoiselle Pauline Ducruet, member of the Monaco Princely Family, will be the new face of its campaigns inAsia. An undeniable beauty, elegant and refined, the daughter of Princess Stephanie of Monaco and granddaughter of Princess Grace, Mademoiselle Pauline Ducruet naturally caught Lancaster’s attention to become its new ambassadress.

(Photo: http://photos.prnewswire.com/prnh/20140929/708722 )

Founded in Monaco in 1946, the Lancaster Laboratories have always been very much attached to their roots and history. From the 1970s, the brand paid homage to its origins with the launch of the “Ligne Princiere”, inspired byPrincess Grace. On this occasion, Lancaster became the “Patented Purveyor to Her Serene Highness Princess Grace of Monaco“. Still based in Monaco, Lancaster Research continues to draw inspiration from its prestigious heritage and is today writing a new page in its story with this distinguished collaboration.

By becoming the ambassadress for Lancaster skin and sun care in Asia, Pauline is revealing a new facet of her personality, reflecting the brand’s values on this key beauty market.

“I am very honoured to represent Lancaster. Since I was a child, I have always heard Lancaster spoken of as a prestigious brand and I am proud to have been chosen to become its new ambassadress,” confides Mademoiselle Pauline Ducruet.

“We immediately thought of Pauline to represent Lancaster in Asia, where we have great ambitions. Her charm, luminous beauty and modern attitude make her the perfect ambassadress and a real source of inspiration for our Asian customers,” states Sophie Martin-Teillard, Marketing Vice President Lancaster.

The communication campaign will begin in January 2015.

About Coty Inc.

Coty is a leading global beauty company with net revenues of $4.6 billion for the fiscal year ended June 30, 2014. Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty’s product offerings include such global brands as adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.

Source: Lancaster

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September 30, 2014 at 12:11 pm

Posted in Uncategorized

American Capital Energy & Infrastructure’s Platform Company, BMR Energy, Receives Final Power Purchase Agreement for Project with Jamaica Public Service Company Limited

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ANNAPOLIS, Maryland /PRNewswire/ — American Capital Energy & Infrastructure (“ACEI”) announced today that its platform company, BMR Energy, LLC (“BMR Energy”), has completed a key milestone in the development of its 36 MW wind generation project in St. Elizabeth Parish, Jamaica.

On September 18 at a ceremony in Kingston, Jamaica, BMR Energy executed the final power purchase agreement with the electric utility Jamaica Public Service Company Limited (“JPS”) for the purchase of 100% of the output of the project for 20 years.  At the same ceremony BMR Energy was presented with its Electricity Supply License byPhilip Paulwell the honorable Minister of Energy, Science, Technology and Mining of Jamaica.

BMR Energy had previously executed a long term lease for the land needed for the project with the National Land Agency (“NLA”) of Jamaica and had received all environmental permits needed to construct and operate the project from the National Environment and Planning Agency (“NEPA”) of Jamaica.

With receipt of these key documents, BMR Energy will work to rapidly finalize and close on its financing arrangements with the Overseas Private Investment Corporation (“OPIC”) and International Finance Corporation (“IFC”).  BMR Energy expects to begin construction of the project in the fall of this year and achieve commercial operation in late 2015.

ABOUT AMERICAN CAPITAL ENERGY & INFRASTRUCTURE
American Capital Energy & Infrastructure manages investments 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 www.ACEI.com.

ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq: ACAS) 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 $19 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $83 billion of total assets under management (including levered assets).  Through an affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE) and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with approximately $11 billion of total 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 www.AmericanCapital.com.

ABOUT BMR ENERGY
Headquartered in New York City, BMR Energy, LLC was founded in 2013 to focus on acquiring, developing, owning and operating power and energy related assets in the Caribbean and Central America.  The BMR team brings more than 60 years of combined international energy infrastructure development and operational experience.

This press release contains forward-looking statements. The statements regarding expected results of American Capital Energy & Infrastructure and its affiliates are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions, or changes in the conditions of the industries in which American Capital Energy & Infrastructure has made investments.

Contact: (443) 214-7070
Paul Hanrahan, Chief Executive Officer
Richard Santoroski, Managing Director

Source: American Capital Energy & Infrastructure

Written by asiafreshnews

September 30, 2014 at 12:03 pm

Posted in Uncategorized