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Archive for June 17th, 2015

Wearables in Automotive: A Solution In Search Of a Problem?

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— Strongest Interest Found in the US and Skewed Young

BOSTON /PRNewswire/ — A recent study from the In-vehicle UX group at Strategy Analytics (www.strategyanalytics.com) surveying consumers in the US and Western Europe has confirmed low interest in wearables for automotive use-cases. While younger males and luxury car owners appeared to be most interested in the US, strong interest was below 20% across all Western European segments. Despite the market for wearables (and in particular smartwatches) poised for strong growth, wearables in automotive remain arguably a solution in search of a problem.

Logo – http://photos.prnewswire.com/prnh/20130207/NE56457LOGO-b

Investigating two key use cases for wearables in the car – i) detecting and monitoring a driver’s medical condition (i.e. a supplementary heart rate monitor); and ii) remote functionality, (such as remote start or automatic parking) – Strategy Analytics noted that interest in the use of wearables for on-board heart rate monitors was below 45% for both regions. Further, interest in remote functionality was below 50% in the US and below 40% in Western Europe.

Click here for the report: http://bit.ly/1F7MvPr

Derek Viita, Senior Analyst and report author commented, “A peripheral heart-rate monitor synced to an on-board Advanced Driver Assistance System (ADAS) certainly adds tangible value and an increased perception of safety. But communicating that value to consumers is crucial to increased interest and ultimately adoption. Our findings indicate that outside of a relatively small number of younger American consumers and luxury car owners, this will be a tough proposition.”

Continued Viita, “In addition, wearable compatibility for remote functionality (e.g. remote parking) has a similar problem. This type of capability certainly adds value and a ‘wow’ factor, but there is little strong interest in use of this remote functionality outside of young US males and US luxury car owners.”

Chris Schreiner, Director, User Experience Innovation Practice added, “What these results do is highlight the disconnect between those consumers who would be interested in such features and those that actually purchase vehicles. Wearable connectivity would certainly tick the box in terms of adding additional features, but the usefulness and ultimately the usage of those features is still in question.”

About Strategy Analytics
Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success.www.StrategyAnalytics.com

About In-vehicle UX
The In-vehicle UX group forms part of the User Experience Innovation Practice (UXIP) at Strategy Analytics. Focusing on user behaviors, motivations and interests within in-vehicle, mobile device, connected home and media & services research areas, UXIP helps clients meet consumer needs, develop usable solutions and deliver compelling user experiences. Extensive expertise and highly experienced in large-scale survey work, in-depth interviews, focus groups and observational sessions, UXIP’s research methodology allows strategic user-centric analysis on the potential for new technologies that would otherwise be unavailable. Providing actionable insight, go-to-market strategies and business recommendations, UXIP is a leading supplier of consumer knowledge to the technology industry. Click here for more information.

Press Contacts

US Contact: Derek Viita, +1 617 614 0772, dviita@strategyanalytics.com
European Contact: Diane O’Neill, +44 (0)1908 423 669, doneill@strategyanalytics.com

Source: Strategy Analytics

Written by asiafreshnews

June 17, 2015 at 5:43 pm

Posted in Uncategorized

Smartphone Size Preference H2 2014: 5.0″ Most Likely For Next Purchase; Thicker Devices Acceptable for Longer Battery Life

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BOSTON /PRNewswire/ — A recent study from the Mobile Device UX group at Strategy Analytics (www.strategyanalytics.com) surveying touchscreen smartphone consumers in the US and UK, found greatest interest in devices with display sizes between 5.0″ and 5.5″. Although slightly more respondents rated the 5.3″ device in their top three, a higher proportion chose the 5.0″ prototype as the device they would most likely consider purchasing for their next smartphone.

In the second half of 2014, 23% of respondents ranked the 5.0″ prototype as their favorite overall, with a further 27% of respondents placing it in their top three. 16% of respondents ranked the 5.3″ prototype as their favorite overall, while a further 36% of respondents placed this device in their top three. Device prototypes of 6.0″ or larger and 4.5″ or smaller were least preferred overall. Exhibit 1 presents this data.

Exhibit 1- Purchase intention (% Probably or Definitely Would,US & UK)
Exhibit 1- Purchase intention (% Probably or Definitely Would,US & UK)

Photo – http://photos.prnewswire.com/prnh/20150615/223005

Click here for the full report: http://bitly.com/1IEGVvP

Paul Brown, Director, Mobile Device UX commented, “As in previous findings, the majority of respondents chose a prototype with a larger display than their current phone as their most preferred size prototype. Respondents were most likely to be interested in a device that had a display that was no more than 1.5″ larger than their current smartphone. However, when thickness of a device was considered, respondents initially showed overall preference for the thinner prototype (6mm rather than 8mm). Yet when told that the thicker device could provide a third more battery life, the majority of respondents instead opted for the thicker prototype. What is clear is that respondents prioritize battery life over a thin design. Crucially however, this does not mean that manufacturers can make very thick devices in order to provide much larger batteries.”

Kevin Nolan, VP, UXIP added, “As with device size (length x width), there will be a maximum thickness that consumers will bear. The challenge for manufacturers will be to find the sweet spot between device thickness and battery life that their target segment of consumers will accept.”

About Strategy Analytics
Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success.www.StrategyAnalytics.com

About Mobile Device UX
The Mobile Device UX group forms part of the User Experience Innovation Practice (UXIP) at Strategy Analytics. Focusing on user behaviors, motivations and interests within in-vehicle, mobile device, connected home and media & services research areas, UXIP helps clients meet consumer needs, develop usable solutions and deliver compelling user experiences. Extensive expertise and highly experienced in large-scale survey work, in-depth interviews, focus groups and observational sessions, UXIP’s research methodology allows strategic user-centric analysis on the potential for new technologies that would otherwise be unavailable. Providing actionable insight, go-to-market strategies and business recommendations, UXIP is a leading supplier of consumer knowledge to the technology industry. Click here for more information.

US Contact: Paul Brown, +1 617 614 0723, pbrown@strategyanalytics.com

European Contact: Diane O’Neill, +44 1908 423669, doneill@strategyanalytics.com

Logo – http://photos.prnewswire.com/prnh/20130207/NE56457LOGO-b
Photo – http://photos.prnasia.com/prnh/20150616/8521503949

Source: Strategy Analytics

Written by asiafreshnews

June 17, 2015 at 5:41 pm

Posted in Uncategorized

China to Lead in Carrier Aggregation says Strategy Analytics

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— Launch of LTE-A in China Augers Well for Domestic Chinese OEMs and Chips

BOSTON /PRNewswire/ — The launch of LTE-A with carrier aggregation in China this year will put mobile phones and chipsets from China on a strong competitive footing in global markets against today’s top-selling, global smartphone and chipset brands, concludes Strategy Analytics in the report “China to Lead Global Carrier Aggregation in 2016.”  The report from the Strategy Analytics RF & Wireless Components (RFWC), and Wireless Network and Platforms (WNP) advisory services, predicts rapid growth in LTE-A devices and radio chipsets made in China this year as wireless operators move to carrier aggregation for higher capacity and data speeds.

Logo – http://photos.prnewswire.com/prnh/20130207/NE56457LOGO-b

Guang Yang, Senior Analyst, said “China Mobile has the lead in LTE, and has quite a bit of spectrum in B41 available for carrier aggregation.  China Telcom and China Unicom have started to roll out LTE in FDD bands, and carrier aggregation will be a big part of their strategy to attract LTE customers and compete with China Mobile this year and next.”

Christopher Taylor, Director of the RF & Wireless Components advisory service, added “Qualcomm was the main supplier of cellular radio chipsets that supported carrier aggregation in 2014, but this year HiSilicon, Spreadtrum, Intel, LG, Marvell, MediaTek, and Samsung have announced new LTE chipsets that support high data rates through carrier aggregation.  This will give domestic Chinese phone OEMs a wider choice of chipsets and price-points for serving both the domestic and export markets.”

About Strategy Analytics

Strategy Analytics, Inc. provides a competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success.www.StrategyAnalytics.com

China Contact: Guang Yang, +44-1-908-423-662, gyang@strategyanalytics.com
US Contact: Christopher Taylor, +1-617-614-0706, ctaylor@strategyanalytics.com

Source: Strategy Analytics

Written by asiafreshnews

June 17, 2015 at 5:38 pm

Posted in Uncategorized

AWS Truepower Establishes Local Presence in Mexico City

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ALBANY, N.Y. /PRNewswire/ — AWS Truepower, LLC, a world leader in renewable energy consulting, today announced it is opening an office in Mexico City, Mexico, to better accommodate the Mexican renewable energy market and enhance service to its existing client base.

The new office will be led by Mr. Jorge Luis Ochoa and will employ several staff with engineering, meteorological, and project management experience in the renewable energy industry. Over the past decade, AWS Truepower has emerged as a prominent leader in the Mexican market, and the investment in a new office and local staff reflects the recognition and commitment to the growing wind and solar industries in the region. The company will continue to provide consulting and advisory services such as resource and energy assessments, engineering services, due diligence, energy forecasting, grid integration studies, operational assessments, and deliver high-quality data and software solutions.

“We look forward to increasing our local support and being closer to our key customers,” explained Joan Aymamí, Vice President of International Business. “Having a local office in Mexico will help AWS Truepower build and grow pre-existing relationships, and address and respond to the unique needs of the market. Many of our clients are actively pursuing renewable energy projects in Mexico, and policies to support the expansion of renewables are favorable for the next several years. It was a logical decision for the company to open an office in this location.”

Demand for renewable energy is growing rapidly in Mexico, as growth in energy demand outpaces economic expansion. According to the Mexican Wind Energy Association (AMDEE), by the end of 2020 the country could have more than 12 GW of new wind capacity and more than 5 GW of new PV installations, accounting for 5% of total generation. In total, the country is estimated to have more than 50 GW of wind potential, creating a very favorable market for new wind development. To date, AWS Truepower has worked on over 50% of projects in development, financing or construction phases, and the local office will help to expand their presence in the country.

About AWS Truepower:

For over 30 years, AWS Truepower has been a global leader in renewable energy. Through our expertise in engineering services, energy and resource solutions, software, and data platforms, we have helped develop, acquire, and support the complete wind and solar project development lifecycle. Our expert advice, accurate assessments, and innovative tools have helped renewable energy projects evolve into durable operating assets, which are both reducing humanity’s global carbon footprint and generating healthy financial returns. Headquartered inAlbany, New York, AWS Truepower has offices in North America, Europe, Latin America and Asia. Learn more about the company online at awstruepower.com.

Barcelona Media Contact:
Santi Pares
+34-93-448-7265
Spares@awstruepower.com

United States Media Contact:
Anna Caban
+1-518-213-0044 x 1053
acaban@awstruepower.com

Mexico Contact:
Jorge Luis Ochoa
Paseo de la Reforma 383 Piso 7
Col. Cuauhtemoc • 06500 • Mexico, D.F.
+52-55-5985-9976
jlochoa@awstruepower.com

Source: AWS Truepower, LLC

Written by asiafreshnews

June 17, 2015 at 5:35 pm

Posted in Uncategorized

Emerging-Market Writers, Filmmakers, Artists Named to Longlists for FT/OppenheimerFunds Emerging Voices Awards

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NEW YORK /PRNewswire/ — OppenheimerFunds and the Financial Times today announced the longlists of 10 rising artists in each of three categories who are advancing to the next stage in the new FT/OppenheimerFunds Emerging Voices Awards competition. Selected from more than 800 entries from 65 emerging-market countries, the nominees are vying for awards as well as global recognition.

Photo – http://photos.prnewswire.com/prnh/20150615/223177
Photo – http://photos.prnewswire.com/prnh/20150615/223175
Photo – http://photos.prnewswire.com/prnh/20150615/223176

“The rapid growth of the emerging world, fueled by economic progress, has contributed to a surge in artistic talent in developing nations. The overwhelming response to our first ever Emerging Voices Awards is testament to this,” said Michael Skapinker, Associate Editor of the Financial Times and chair of judges. “Our esteemed panels of judges were impressed with the quality and breadth of creativity seen across the entries in all categories and will honor the best of these.”

“As one of the largest investors in emerging markets, OppenheimerFunds has a long track record of discovering investment opportunities around the globe. This has also given us a front-row seat to witness the extraordinary artistic talent that defines the developing world,” said Justin Leverenz, Director of Emerging Market Equities at OppenheimerFunds. “The incredible response to our call for entries, in terms of both quantity and quality, helps us create an exciting new platform to share the vision, creativity and originality of these remarkable artists with the rest of the world.”

The competition was open to artists from emerging-market nations as defined by the World Bank Atlas Method*:

  • Africa and the Middle East – works of fiction published in English – 162 entries received from 28 countries;
  • Asia-Pacific – films in any language with English subtitles – 140 entries, 12 countries;
  • Latin America and the Caribbean – painting, drawing, sculpture, installation, mixed media – 570 entries, 25 countries.

“OppenheimerFunds was one of the first U.S. asset managers to recognize the value of investing around the world. We have made that global perspective one of the fundamental principles of our investment philosophy,” said Art Steinmetz, Chairman, CEO and President of OppenheimerFunds. “We’re delighted that our new partnership with the Financial Times in much the same way is showcasing the vast reservoir of talent and spirit across emerging markets.”

Panels of judges are reviewing the submissions to find the artists whose work best demonstrates outstanding talent and exemplifies their art form and the voice of their region. The judges include:

Chair: Michael Skapinker, Associate Editor, Financial Times

Fiction Panel: Africa 
Alaa al Aswany, Author
Kwame Anthony Appiah, Professor, New York University
Lorien Kite, Books Editor, Financial Times
Justin Leverenz, Director of Emerging Market Equities, OppenheimerFunds
Nadifa Mohamed, Author
Elif Shafak, Author

Film Panel: Asia-Pacific
Nigel Andrews, Film Critic, Financial Times
Samira Makhmalbaf, Film Director
Mira Nair, Film Director
Rithy Panh, Film Director
Jia Zhangke, Film Director

Art Panel: Latin America and the Caribbean 
Iwona Blazwick, Director, Whitechapel Gallery
Jan Dalley, Arts Editor, Financial Times
Teresita Fernandez, Artist
Justin Leverenz, Director of Emerging Market Equities, OppenheimerFunds
Jorge Tacla, Artist

A shortlist will be announced on Aug. 7. Category winners will be announced at a gala awards ceremony on Oct. 5in New York City. Winners will each receive a $40,000 award.

Fiction Longlist:
Blackass by A. Igoni Barrett, Chatto & Windus, Nigeria
Broken Mirrors: Sinalcol by Elias Khoury, Maclehose Press, Lebanon
Dust by Yvonne Adhiambo Owuor, Granta Books, Kenya
It Might Get Loud, by Ingrid Winterbach, Human & Rousseau, South Africa
Our Lady of the Nile by Scholastique Mukasonga, Archipelago Books, Rwanda
The Book of Memory, by Petina Gappah, Faber & Faber, Zimbabwe
The Fishermen by Chigozie Obioma, Pushkin Press, Nigeria
The Meursault Investigation by Kamel Daoud, Oneworld Publications, Algeria
The Texture of Shadows, by Mandla Langa, Picador Africa, South Africa
Women of Karantina, by Nael Eltoukhy, The American University in Cairo Press, Egypt

Film Longlist:
Endless Nameless by Mont Tesprateep, Thailand
Exclaim by Jian Mei, China
Kush by Shubhashish Bhutiani, India
Scent of the Morning Sun by Harin Paesongthai and Monkum Khukhuntin, Thailand
Selfie girls by Huynh Nguyeen Dang Khoa, Vietnam
The Concrete by Wei Liu, China
The Last Mango Before the Monsoon by Payal Kapadia, India
The Sea by Han Ting, China
Trespassed by Yuhang Ho, Malaysia
Under the Sun by Qiu Yang, China

Art Longlist: 
Adriana Maria Beatriz Carambia, Argentina
Cassio Vasconcellos, Brazil
Cecilia Monteverde, Argentina
Cristina Planas, Peru
Fabiola Menchelli Tejeda, Mexico
Gonzalo Fuenmayor, Colombia
Hugo Arquimedes Carrillo Garcia, Mexico
Marcela Ramirez-Aza, Colombia
Pablo Mora Ortega, Colombia
Sebastian Castaneda, Peru

For more information, visit ft.com/emerging-voices or follow the conversation on Twitter at #EmergingVoices.

*Gross national income of less than $12,746 per capita.

OppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $240 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of May 31, 2015.

Founded in 1959, OppenheimerFunds is a high conviction asset manager with a history of providing active, innovative investment strategies to its investors. The firm’s 14 distinct, collaborative investment management teams specialize in equity, fixed income, alternative and multi-asset strategies. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors serving individual investors. OppenheimerFunds provides advisory services to the Oppenheimer mutual funds, and OFI Global Asset Management offers solutions to institutions. For more information, visitoppenheimerfunds.com.

The Financial Times, one of the world’s leading business news organisations, is recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 744,000 (Deloitte assured, Q1 2015). Mobileis an increasingly important channel for the FT, driving almost 50 per cent of total traffic. FT education products now serve two thirds of the world’s top 50 business schools. For news about the FT follow @FTPressOffice.

Shares of mutual funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., 225 Liberty Street, New York, NY, 10281

© 2015 OppenheimerFunds Distributor, Inc.  All rights reserved.

Source: OppenheimerFunds, Inc.

Written by asiafreshnews

June 17, 2015 at 5:33 pm

Posted in Uncategorized

The World’s Most Senior-level Annual Oil and Gas-LNG Event Held In, On and For Africa

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CAPE TOWN, South Africa, June 11, 2015 /PRNewswire/ — Global Pacific & Partners will host the 22nd Africa Oil Week/Africa Upstream Conference 2015, in JV with ITE Group plc, in Cape Town 26th- 30th October, at Cape Town International Convention Centre where around 1,600 delegates assembled in 2014.

(Logo: http://photos.prnewswire.com/prnh/20150611/748636 )

Africa Oil Week is the landmark corporate occasion for the Continent, a meeting with global reputation, and one of few top world-class events held annually at a continental-level in the world’s E&P industry Calendar.

The 22nd Africa Upstream Conference 2015 runs Tuesday-to-Friday, with a full three-and-half day program, with 120 Speakers from Governments, leading private/public companies, African National Oil Companies, Licensing Agencies, and key players inside Africa’s oil/gas-LNG industry value chain.

The 13th Africa Independents Forum takes place alongside the 17th Scramble for Africa Strategy Briefing, on Monday 26th October, followed by the 71st PetroAfricanus Dinner in Africa (with Guest Speaker), and the traditional Icebreaker Cocktail Reception for Africa Oil Week held on Monday evening.

Outstanding Content-Rich Presentations
Quality Attendance and Senior Executive Networking
Deal-Driven Upstream Industry Exhibition
Cocktails & Social Networking Functions: Monday-Thursday
African Governments / Ministries Delegations
Annual “Big Five” Board Awards
3rd Annual “Africa Oil Legend” Induction
5th Global Women Petroleum & Energy Club Business Luncheon
3rd “Africa Hydrocarbon Arguments” Discourse
Corporate / Investor Showcases and Farm-outs
3rd Africa’s Local Content Forum – Parallel Session
Inaugural Africa Oil & Energy Finance Forum – Parallel Session
SA Rugby Museum: “Africa’s World Cup” Reception
Traditional Braai-BBQ, Grand Africa Beach Café

Conference bookings are already being secured, with but a few Sponsor positions and Exhibition booths open.

Please visit http://www.africa-oilweek.com – for 2015 Registration and confirmed Speaker Program.
Source: Global Pacific & Partners

Written by asiafreshnews

June 17, 2015 at 5:21 pm

Posted in Uncategorized

Cognizant Partners NTUC FairPrice to Digitally Transform its Business and Deliver Seamless Multi-Channel Shopping Experience

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SINGAPORE /PRNewswire/ — Cognizant (NASDAQ: CTSH) today announced that it has partnered NTUC FairPrice (FairPrice), a major supermarket retailer in Singapore, to digitally transform its business and provide customers with a seamless multi-channel shopping experience.

By bringing together its consulting, industry and technology expertise, Cognizant reengineered FairPrice’s business processes, and implemented a digital e-commerce platform for the multi-format retailer to provide integrated, consistent and personalised customer service across multiple touch points, enhancing customer satisfaction, loyalty and brand perception.

The digital transformation programme has also enabled FairPrice to improve real-time product and inventory visibility, make retail management more efficient, and gain a better understanding of customer preferences and purchase history. As a result of cross-channel integration, FairPrice has been able to roll out innovative services for shoppers, including its “Click&Collect” online delivery service—the option to buy online and pick up the purchase from a store, a first in Singapore.

With superior insights into customer and staff behaviour, FairPrice can further strengthen its supply chain, site and store operations, marketing, and merchandising to drive growth and differentiation. Cognizant is also creating a mobile channel for FairPrice to engage better with its existing customers and attract new ones.

“Mobile and online retail is crucial to addressing heightened expectations of today’s digitally-enabled shoppers, and digital technology has enormous potential to enhance their shopping experience,” said Seah Kian Peng, CEO, NTUC FairPrice. “This digital transformation programme underscores our commitment to our customers and represents a strategic advantage in that we can now leverage inventory across multiple locations and streamline fulfilment processes to not just delight our customers, but also increase sales and reduce operational costs. Cognizant’s experience and capabilities have complemented our digital commerce vision and helped to reinforce our reputation as a retailer with a heart.”

“A unified multi-channel customer experience is increasingly a brand differentiator in the world of retail,” said Jayajyoti Sengupta, Vice President and Head of APAC, Cognizant. “This digital initiative is a trend-setter in the region for customer-focused transformation. A single view of the customer, sales and inventory will enable FairPrice to rise to the needs of the next generation of shoppers and define innovative models. We are pleased to have helped FairPrice execute on its digital commerce strategy and utilise multi-channel retailing to drive customer engagement, competitive advantage, market leadership, and growth.”

About NTUC FairPrice

NTUC FairPrice Co-operative Ltd. was founded by the labour movement in 1973, with a social mission to moderate the cost of living in Singapore. From one supermarket, it has grown to become Singapore’s largest retailer serving about 400,000 shoppers daily, with a network of over 120 outlets, comprising FairPrice supermarkets, FairPrice Finest and FairPriceXtra. Its convenience arm comprises a network of over 160 FairPrice Xpress and Cheers convenience stores, which serves over 100,000 customers daily. NTUC FairPrice also owns a Fresh Food Distribution Centre and a centralised warehousing and distribution company.

Today, with its multiple retail formats serving the varied needs and interests of people from all walks of life, NTUC FairPrice has kept pace with the changing needs of its customers while remaining committed to its social mission and its aspiration to be Singapore’s leading world-class retailer with a heart.

Guided by the philosophy to do well in order to do good for the community, NTUC FairPrice set up the FairPrice Foundation in 2008 to focus its giving efforts to provide a better life for the community. FairPrice Foundation focuses its giving on three strategic thrusts – the poor and needy, nation building and community bonding, and advancing workers’ welfare. FairPrice has since donated over $88 million to the Foundation to further these three areas of focus.

For more information on NTUC FairPrice, visit http://www.fairprice.com.sg.

About Cognizant

Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 100 development and delivery centres worldwide and approximately 217,700 employees as of March 31, 2015, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.

Forward-Looking Statements

This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Quarterly Report on Form 10-Q and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

Logo – http://photos.prnewswire.com/prnh/20110329/NY67603LOGO

Source: Cognizant

Related stocks: NASDAQ-NMS:CTSH

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Written by asiafreshnews

June 17, 2015 at 5:12 pm

Posted in Uncategorized

SunEdison Announces Acquisition of Continuum Wind Energy in India

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— Acquires 242 MW AC of operating wind projects in India
— Acquires 170 MW AC of wind assets under construction and an incremental 1,000 megawatts in development

MARYLAND HEIGHTS, Maryland and CHENNAI, India /PRNewswire/ — SunEdison, Inc. (NYSE: SUNE), the world’s largest renewable energy development company, today announced that it has signed a definitive agreement to acquire Continuum Wind Energy Limited, Singapore with assets in India. Continuum owns and operates 242 megawatts (MW) AC of wind power plants in Maharashtra and Gujarat states, as well as 170 MW of wind power under construction in Madhya Pradesh state, and has more than 1,000 MW of wind power plants in development across six states in India.

India is a core market for SunEdison and offers growth opportunities in wind and solar energy,” said Ahmad Chatila, SunEdison president and chief executive officer. “With the acquisition of Continuum, a leading wind energy company in India, we have added significant assets and a skilled wind development team to drive further growth in our renewable energy development platform. This acquisition reinforces SunEdison’s commitment to India and will drive immediate shareholder value.”

“We are excited to join SunEdison at this time of rapid growth in India’s renewable energy market,” said Arvind Bansal, chief executive officer of Continuum. “SunEdison’s strong global financial capabilities and talented local team here in India position us to capture the incredible business opportunity in this dynamic market.”

SunEdison intends to place the power plants acquired from Continuum on the operational call rights list for TerraForm Global. Operation and maintenance of the wind power plants will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.

The definitive agreement was signed June 12, 2015 with closing expected in the third quarter of 2015, subject to regulatory approvals, third-party consents and customary closing conditions.

About SunEdison

SunEdison is the world’s largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world’s largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are inthe United States with additional offices and technology manufacturing around the world. SunEdison’s common stock is listed on the New York Stock Exchange under the symbol “SUNE.” To learn more visitwww.sunedison.com.

Forward Looking Statements

Certain matters discussed in this press release are forward-looking statements, including: the closing is expected in the third quarter of 2015, subject to regulatory approvals, third-party consents and customary closing conditions. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include changes in applicable regulatory requirements and incentives for production of solar power; and general business and economic conditions, including seasonality of the industry, and other risks described in SunEdison’s filings with the United States Securities and Exchange Commission. These forward-looking statements represent SunEdison’s judgment as of the date of this press release. SunEdison disclaims, however, any intent or obligation to update these forward-looking statements.

Source: SunEdison, Inc.

Related stocks: NYSE:SUNE

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June 17, 2015 at 5:08 pm

Posted in Uncategorized

SunEdison Announces $403 Million in Private Placements for TerraForm Global

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MARYLAND HEIGHTS, Missouri /PRNewswire/ — SunEdison, Inc. (NYSE: SUNE), the world’s largest renewable energy development company, today announced that it completed a $335 million private placement of membership interests in TerraForm Global, LLC., an indirect subsidiary of SunEdison formed to own and operate contracted clean power generation assets in emerging markets. Additionally, TerraForm Global, Inc., an indirect subsidiary of SunEdison, entered into a stock purchase agreement for the sale of $67.5 million of its Class A common stock in a private placement, conditioned upon the closing of its initial public offering. The private placements were entered into with institutional investors, including Baron Funds, Capricorn Investment Group, GE, Glenview Capital Management, Kingdon Capital Management and Zimmer Partners. These investments are in addition to the $175 million of private placements announced on May 7.

The membership interests and Class A common stock have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

About SunEdison

SunEdison is the world’s largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world’s largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are inthe United States with additional offices and technology manufacturing around the world. SunEdison’s common stock is listed on the New York Stock Exchange under the symbol “SUNE.”

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “expect,” “estimate,” “anticipate,” “forecast,” “intend,” “project,” “target,” “plan,” “believe” and similar terms and expressions. Forward-looking statements are based on current expectations and assumptions. Although SunEdison believes that their expectations and assumptions are reasonable, they can give no assurance that these expectations and assumptions will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include, among others: the failure of counterparties to fulfill their obligations under offtake agreements; price fluctuations, termination provisions and buyout provisions in offtake agreements; and the other risks and uncertainties included in SunEdison’s filings with the Securities and Exchange Commission at www.sec.gov. SunEdison undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: SunEdison, Inc.

Related stocks: NYSE:SUNE

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Written by asiafreshnews

June 17, 2015 at 5:03 pm

Posted in Uncategorized

SunEdison Signs Definitive Agreement to Acquire GME, Central America’s Leading Renewable Energy Company, From Actis and Mesoamerica Power

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— Acquires 243 MW AC of operating wind power plants and an 82 MW DC solar power plant in Costa Rica, Honduras and Nicaragua
— Acquires 80 MW AC of wind assets under construction and an incremental 246 MW AC of wind assets under development

MARYLAND HEIGHTS Missouri /PRNewswire/ — SunEdison, Inc. (NYSE: SUNE), the world’s largest renewable energy development company, today announced that it has signed a definitive agreement to acquire 100 percent of Globeleq Mesoamerica Energy (GME), Central America’s leading renewable energy company. SunEdison will acquire a 70 percent interest in GME from Actis, a global pan-emerging market private equity investor focused on the energy sector, and a 30 percent interest from Mesoamerica Power Limited. The acquisition will solidify SunEdison’s position as the largest renewable energy developer in Central America as it expands its presence in the global renewable energy market.

Through the acquisition, SunEdison will acquire GME’s development and asset management platform: a portfolio consisting of four operating wind power plants with a capacity of 243 megawatts (MW) AC, and a solar power plant with a capacity of 82 MW DC located in Costa Rica, Honduras and Nicaragua; 80 MW AC of wind farms entering construction in Costa Rica; and a pipeline of 246 MW AC of wind under development in various countries acrossCentral America.

“The acquisition of GME strengthens SunEdison’s leadership position in the global wind energy market and significantly expands our presence in Central America, a region that offers growth opportunities for our emerging markets development platform,” said Ahmad Chatila, SunEdison president and chief executive officer. “With this acquisition we not only gain an experienced and talented management team with a proven track record in the region, but also position ourselves to accelerate our performance and deliver attractive returns to our shareholders.”

“We’re very excited to join the SunEdison team. SunEdison’s world class development and global financial capabilities will enable us to aggressively grow our business,” said Jay Gallegos, GME chief executive officer. “Both companies have a strong track record of partnering with local communities to stimulate strong economic development and create new jobs, so we’re confident that our growth will be sustainable over the long term.”

All of the operational and construction assets are contracted under long term U.S. dollar-denominated power purchase agreements (PPAs) with local utilities or suppliers. Assets in Honduras and Nicaragua have been insured by the World Bank’s Multilateral Insurance Guarantee Agency (through Political Risk Insurance policies).

SunEdison intends to place the wind and solar power plants acquired from GME on the operational call rights list for TerraForm Global. Upon closing, Actis and Mesoamerica Power will become shareholders in TerraForm Global.

The definitive agreement was signed June 12, 2015 with closing expected in the third quarter of 2015, subject to regulatory approvals, third-party consents and customary closing conditions.

About SunEdison
SunEdison is the world’s largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world’s largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are inthe United States with additional offices and technology manufacturing around the world. SunEdison’s common stock is listed on the New York Stock Exchange under the symbol “SUNE.” To learn more visitwww.sunedison.com.

About Globeleq Mesoamerica Energy
Globeleq Mesoamerica Energy (GME) is the leading wind energy provider in Central America and a major regional player in the wind energy sector. GME’s plans will yield several hundred megawatts of clean energy, to satisfy the growing demand for electricity in the region while contributing to the environment and to local communities.

Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including with respect to the expected CAFD from the acquisition and the date of operation of a project under construction, and typically can be identified by the use of words such as “expect,” “estimate,” “anticipate,” “forecast,” “intend,” “project,” “target,” “plan,” “believe” and similar terms and expressions. Forward-looking statements are based on current expectations and assumptions. Although SunEdison believes that their expectations and assumptions are reasonable, they can give no assurance that these expectations and assumptions will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include, among others: the failure of counterparties to fulfill their obligations under offtake agreements; price fluctuations, termination provisions and buyout provisions in offtake agreements; and the other risks and uncertainties included in SunEdison’s filings with the Securities and Exchange Commission at www.sec.gov. SunEdison undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: SunEdison, Inc.

Related stocks: NYSE:SUNE

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Written by asiafreshnews

June 17, 2015 at 4:56 pm

Posted in Uncategorized