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HMS Hood’s Bell Has Been Successfully Recovered

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SEATTLE and PORTSMOUTH, England  /PRNewswire/ — A research team led by US philanthropist and entrepreneur Paul G. Allen has successfully recovered the bell of the battlecruiser HMS Hood, sunk in 1941 during World War II. Once restored, the bell will respectfully serve as a tangible and fitting memorial for the 1,415 lives lost when the Bismarck sunk the ship in the North Atlantic.

The bell was successfully recovered the 7th of August. Mr. Allen’s team led the operation using his yacht M/Y Octopus, which is equipped with a state-of-the-art remotely operated vehicle (ROV).

The Ministry of Defence (MOD) and the Royal Navy are grateful for Mr. Allen’s generosity in recovering the bell at no cost to the MOD.

“This year marks the 70th anniversary of the conclusion of World War II, and this effort commemorates the hundreds of brave sailors who were lost at sea,” said Allen. “It is a true honour to undertake the expedition to recover the bell from ‘The Mighty Hood’.”

The bell was first discovered and photographed in July 2001. The bell was found lying on the seabed well away from the parts of the battlecruiser’s hull. A 2012 Allen-led expedition to recover the bell was hampered by prevailing weather conditions and technical difficulties.

Both operations were supported by Blue Water Recoveries Ltd which specialises in the search and investigation of shipwrecks.

The bell is in good condition but will require a year-long expert conservation and restoration effort because it has spent so long in deep seawater.

Director of Blue Water Recoveries, David Mearns, said:

“I am extremely pleased that we have been able to fulfil one of the last wishes of Ted Briggs, one of only 3 survivors of Hood’s crew of 1,418 men, to recover the ship’s bell as a memorial to his shipmates.  Despite 74 years of immersion in the hostile depths of Denmark Strait the bell is in very good condition.  The inscriptions decorating its surface clearly indicate that the bell was preserved for use on the battlecruiser Hood after first being used as the bell of the Battleship Hood from 1891 to 1914.  This bell has therefore seen action in two Capital ships of the Royal Navy spanning a period of 50 years.  An engraving on the bell also records the wishes of Lady Hood who launched the ship in memory of her late husband Rear Admiral Sir Horace Hood KCB DSO MVO who was killed in the battle of Jutland.  The bell we recovered is a unique historical artefact, which shows just how important Hood was as flagship of the British Battlecruiser Squadron.  This was clearly a special bell for a special ship and it will forever serve as a fitting memorial to the Mighty Hood and a reminder of the service and sacrifice of her men.”

Commenting on the successful recovery, First Sea Lord, Admiral Sir George Zambellas said:

“A magnificent symbol of the power of the Royal Navy in the inter-war years, ‘The Mighty Hood’ is one of the greatest fighting ships in our nation’s long and glorious maritime history. That she was lost with her guns thundering in defence of the convoys that formed Britain’s lifeline is a tragic reminder of the high price that our island nation paid for survival, and for the freedom and prosperity we enjoy today. Her story, her sacrifice, continues to inspire the Royal Navy today. The recovery of the Ship’s Bell will help ensure the 1,415 men lost, and the name Hood will always be remembered by a grateful nation.”

HMS Hood is the largest Royal Navy vessel to have been sunk, causing the largest loss of life suffered by any single British warship and the recovery is fully supported by the HMS Hood Association whose members include veterans who served in the ship before her final mission in 1941, and relatives of those lost with her.

President of the Association is Rear Admiral Philip Wilcocks, whose uncle was among those who died on boardHMS Hood. Admiral Wilcocks said:

“The HMS Hood Association is extremely grateful to Paul Allen, David Mearns and the crew of M/Y Octopus for their tremendous efforts and professionalism in recovering the bell of HMS Hood from the dark depths of the Denmark Strait. In particular, Paul Allen’s support has been outstanding and we applaud his personal commitment to the recovery operation.

“There is no headstone among the flowers for those who perish at sea. For the 1,415 officers and men who lost their lives in HMS Hood on 24 May 1941, the recovery of her bell and its subsequent place of honour in the National Museum of the Royal Navy in Portsmouth will mean that future generations will be able to gaze upon her bell and remember with gratitude and thanks the heroism, courage and personal sacrifice of Hood’s ship’s company who died in the service of their country.”

Once conservation of the bell is complete, it will be put on display by the National Museum of the Royal Navy (NMRN) and will form a major feature of the new exhibition dedicated to the 20th and 21st century Navy, which opened at the National Museum of the Royal Navy in Portsmouth Historic Dockyard in 2014. It is a fitting location as HMS Hood was based in Portsmouth.

Commenting on the successful recovery of the bell Professor Dominic Tweddle, Director General NMRN, said:

“It will be an honour and privilege to display the bell from HMS Hood. Our new galleries recall and commemorate the heroism, duty and sacrifice of the people of the Royal Navy in the 20th and 21st centuries.  HMS Hood‘s bell encapsulates the whole of that story as no other single object could.  We already have the bell of HMS Prince of Wales which together with the HMS Hood engaged the Bismarck on 24th May 1941, and it will be splendid to reunite the two ships at least in spirit.”

The wreck of HMS Hood is designated under the Protection of Military Remains Act 1986. As well as providing a memorial, the recovery has prevented it from being taken by any illegal operation for personal gain.

For further information please contact Royal Navy Press Officer on 44-7748932702

About Paul G. Allen
Paul G. Allen is a leading investor, entrepreneur and philanthropist who has given more than $2 billion to charitable causes over his lifetime. He founded Vulcan Inc. in 1986 with Jody Allen to oversee his business and philanthropic activities. He is also the co-founder of The Paul G. Allen Family Foundation. Today, Vulcan Inc. oversees a wide range of Allen’s investments and initiatives throughout the world. In 2003, he created the Allen Institute for Brain Science to accelerate understanding of the human brain in health and disease and, a decade later, launched the expansion of the Allen Institute for Artificial Intelligence to explore opportunities for development in the field of AI. In 2014, he donated $100 million to establish the Allen Institute for Cell Science and committed another $100 million to stopping Ebola. Mr. Allen is also the co-founder of Microsoft and owner of the Seattle Seahawks and Portland Trail Blazers. For more information, go to www.paulallen.com andwww.vulcan.com.

FOR MEDIA INQUIRIES:
hoodbell@vulcan.com or +1-206-342-2526

Source: Vulcan Inc.
Related Links:

Written by asiafreshnews

August 11, 2015 at 6:37 pm

Posted in Uncategorized

HMS Hood’s Bell Has Been Successfully Recovered (Video)

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SEATTLE /PRNewswire/ — On 7 August, 2015, a research team led by US philanthropist and entrepreneur Paul G. Allen successfully recovered the bell of the battlecruiser HMS Hood, which sunk in 1941 during World War II. Once restored, the bell will respectfully serve as a tangible and fitting memorial for the 1,415 lives lost when the Bismarck sunk the ship in the North Atlantic. Mr. Allen’s team led the operation using his yacht M/Y Octopus, which is equipped with a state-of-the-art remotely operated vehicle (ROV).

Video – http://origin-qps.onstreammedia.com/origin/multivu_archive/PRNA/ENR/257082-Vulcan-Inc-HMS-Hood-Bell-Recovery.mp4

FOR MORE INFORMATION

Full Press Release: http://www.prnewswire.com/news-releases/hms-hoods-bell-has-been-successfully-recovered-300125821.html

Additional images and information: http://www.paulallen.com/Hood-Bell-Recovery

FOR MEDIA INQUIRIES: 

Vulcan Inc.: hoodbell@vulcan.com or +1-206-342-2526

Royal Navy: 44-7748932702

About Paul G. Allen
Paul G. Allen is a leading investor, entrepreneur and philanthropist who has given more than $2 billion to charitable causes over his lifetime. He founded Vulcan Inc. in 1986 with Jody Allen to oversee his business and philanthropic activities. He is also the co-founder of The Paul G. Allen Family Foundation. Today, Vulcan Inc. oversees a wide range of Allen’s investments and initiatives throughout the world. In 2003, he created the Allen Institute for Brain Science to accelerate understanding of the human brain in health and disease and, a decade later, launched the expansion of the Allen Institute for Artificial Intelligence to explore opportunities for development in the field of AI. In 2014, he donated $100 million to establish the Allen Institute for Cell Science and committed another $100 million to stopping Ebola. Mr. Allen is also the co-founder of Microsoft and owner of the Seattle Seahawks and Portland Trail Blazers. For more information, go to www.paulallen.com andwww.vulcan.com.

Source: Vulcan Inc.

Written by asiafreshnews

August 11, 2015 at 6:28 pm

Posted in Uncategorized

Jiahui International Hospital and Brigham and Women’s Hospital to Co-Develop Women’s Health Center of Excellence in Shanghai

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Memorandum of Understanding signed, which extends the long-term, collaborative partnership between Jiahui International Hospital and Partners HealthCare.

BOSTON /PRNewswire/ — Today, Jiahui International Hospital (JIH), Partners HealthCare International®(PHI) and Brigham and Women’s Hospital (BWH) announced the extension of a long-term collaborative partnership between JIH and PHI to include the development of a women’s health center of excellence at JIH. In July, JIH, BWH and PHI signed a Memorandum of Understanding (MOU) that initiated discussions about a women’s health affiliation, which includes the development of obstetric, gynecology, and in vitro fertilization programs, as well as a neonatal ICU and integrated women’s health. JIH envisions a full complement of integrated services focused on the health of the whole woman at the new women’s health center of excellence.

Photo – http://photos.prnewswire.com/prnh/20150805/255965
Logo – http://photos.prnewswire.com/prnh/20150805/256364LOGO

BWH, a founding member of Partners HealthCare, has one of the most advanced women’s health centers in the world, which is committed to the discovery, dissemination, and integration of knowledge on women’s health and sex and gender-based differences; applying this knowledge to the delivery of care; and developing the next generation of clinicians and scientists in women’s health research and clinical care.

“We aim to redefine and redesign health care for women in China, offering a full range of care that tailors to their needs at different stages of life,” said Feng Ge, Chief Executive Officer of Jiahui International Hospital. “Chinese women today value convenience, clinical quality, and a patient-centric experience. Many are looking for a high-caliber healthcare provider partner who not only empowers them to live a healthy lifestyle and seek preventive care, but someone who is also capable of handling both normal and complex cases that require the close collaboration of multiple medical subspecialties.”

“As global citizens, we are committed to forging meaningful partnerships that allow us to share our clinical, scientific and teaching expertise for the benefit of people around the world,” said Elizabeth G. Nabel, MD, president of Brigham and Women’s Healthcare. “We look forward to working with Jiahui International Hospital to improve the health and well-being of women in China.”

BWH’s approach to women’s health is multidisciplinary, organized around all of the resources that a woman may require for a specific condition, from diagnosis to coordination of care and accessibility of information. In addition to the traditional fields of obstetrics, gynecology, and breast and gynecological cancers, the Women’s Health Center of Excellence at BWH is unique in its integration with other specialties, including collaborative clinical, research and educational programs in cardiology, neurology, bone and joint diseases, lung cancer and pulmonary disease, and mental health.

“We know that there are differences between men and women in the risk, prevalence and manifestation of many different diseases, and that the response to treatment and the outcomes also differ by sex. This is especially true in some of the most prevalent diseases in women such as cardiovascular disease, lung cancer, depression and Alzheimer’s disease,” said Paula A. Johnson, MD, Executive Director of the Mary Horrigan Connors Center for Women’s Health and Gender Biology and Professor of Medicine at Harvard Medical School. “At BWH, we are committed to building local and global awareness of issues related to women’s health and gender biology, to deepening our understanding of how disease differs in women, and to delivering high-quality, patient-centered care to women across their lifetime.”

“We are excited to have the opportunity to work with Brigham and Women’s Hospital, a world recognized leader and innovator in women’s health. The expertise available at Brigham and Women’s will help us develop a program that will not only elevate, but transform the level of health care services that women are currently offered in China,” said Ge.

“This marks yet another important milestone in our 5-year partnership with JIH. In addition to this newest development, our efforts in Shanghai have also included important contributions from other Partners member hospitals, including, Massachusetts General Hospital, Newton-Wellesley Hospital, and North Shore Medical Center,” said Dr. Gilbert H. Mudge, President and CEO of PHI.

The proposed Women’s Health Center of Excellence is the second such collaboration with member institutions of Partners HealthCare. Last October, Massachusetts General Hospital Cancer Center (MGHCC) signed a MOU with JIH and PHI to co-develop a center of excellence in breast cancer, tailoring MGHCC’s patient-focused multidisciplinary approach to address the needs of Chinese breast cancer patients and their families.

About Jiahui International Hospital
Jiahui International Hospital (JIH) is a foreign-majority-owned for-profit general hospital being developed inShanghai. It was approved by China’s Ministry of Health (“MOH”) and Shanghai Municipal Government in April 2011 and has China’s first international general hospital license granted by the MOH. The hospital is conveniently located within the city center of Shanghai in Xuhui District with approved tertiary care capacity of 500 licensed beds.

JIH will be an innovative model of health care centered on family, community and a stronger connection between patients and caregivers. From design to operation, JIH aims to employ the best practices to become an internationally recognized leading medical institution in China, providing high-quality, patient-centered, integrated healthcare services, as well as professional training and clinical research.

To learn more about our hospital, please visit www.jiahui.com.

About Partners HealthCare International
Partners HealthCare International (PHI) is the global arm of Partners HealthCare, one of the leading not-for-profit health care systems in the U.S. Founded in 1997, PHI is dedicated to advancing the Partners HealthCare mission worldwide through collaborations and partnerships designed to expand a global client’s capacity to deliver high quality health care. Partners was founded in 1994 by Brigham and Women’s Hospital and Massachusetts General Hospital, the two oldest and largest teaching hospitals of Harvard Medical School, and includes community and specialty hospitals, a ma care organization, a physician network, community health centers, home care and other health-related entities. Partners’ five top-ranked hospitals comprise part of the health care system, and all are recognized by the 2014 – 2015 U.S. News and World Report. To learn more about PHI and how we are extending the capabilities of healthcare systems in China, India, Japan, the Middle East, as well as our commitment to international markets beyond, please visit www.partners.org/international.

About Brigham and Women’s Hospital
Brigham and Women’s Hospital (BWH) is a 793-bed nonprofit teaching affiliate of Harvard Medical School and a founding member of Partners HealthCare. BWH has more than 4.2 million annual patient visits, nearly 46,000 inpatient stays and employs nearly 16,000 people. The Brigham’s medical preeminence dates back to 1832, and today that rich history in clinical care is coupled with its national leadership in patient care, quality improvementand patient safety initiatives, and a dedication to research, innovation, community engagement and educating and training the next generation of health care professionals. Through investigation and discovery conducted at its Brigham Research Institute (BRI), BWH is an international leader in basic, clinical and translational research on human diseases, more than 1,000 physician-investigators and renowned biomedical scientists and faculty supported by nearly $600 million in funding. For the last 25 years, BWH ranked second in research funding from the National Institutes of Health (NIH) among independent hospitals. BWH continually pushes the boundaries of medicine, including building on its legacy in transplantation by performing a partial face transplant in 2009 and the nation’s first full face transplant in 2011. BWH is also home to major landmark epidemiologic population studies, including the Nurses’ and Physicians’ Health Studies and the Women’s Health Initiative as well as the TIMI Study Group, one of the premier cardiovascular clinical trials groups. For more information, resources and to follow us on social media, please visit BWH’s online newsroom.

For interviews with Dr. Paula Johnson, and/or Dr. Gilbert Mudge, please contact:
Dorian Zhou, Jiahui International Hospital (Shanghai, China) dorian.zhou@jiahui.com;
Stephanie Adams, Partners HealthCare International, sadams9@partners.org, +1-617-535-647 (U.S.) Lori J. Schroth, Brigham and Women’s Hospital, ljschroth@partners.org

Source: Partners HealthCare International

Written by asiafreshnews

August 11, 2015 at 6:15 pm

Posted in Uncategorized

HMS Hood’s Bell Has Been Successfully Recovered (Video)

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SEATTLE /PRNewswire/ — On 7 August, 2015, a research team led by US philanthropist and entrepreneur Paul G. Allen successfully recovered the bell of the battlecruiser HMS Hood, which sunk in 1941 during World War II. Once restored, the bell will respectfully serve as a tangible and fitting memorial for the 1,415 lives lost when the Bismarck sunk the ship in the North Atlantic. Mr. Allen’s team led the operation using his yacht M/Y Octopus, which is equipped with a state-of-the-art remotely operated vehicle (ROV).

Video – http://origin-qps.onstreammedia.com/origin/multivu_archive/PRNA/ENR/257082-Vulcan-Inc-HMS-Hood-Bell-Recovery.mp4

FOR MORE INFORMATION

Full Press Release: http://www.prnewswire.com/news-releases/hms-hoods-bell-has-been-successfully-recovered-300125821.html

Additional images and information: http://www.paulallen.com/Hood-Bell-Recovery

FOR MEDIA INQUIRIES: 

Vulcan Inc.: hoodbell@vulcan.com or +1-206-342-2526

Royal Navy: 44-7748932702

About Paul G. Allen
Paul G. Allen is a leading investor, entrepreneur and philanthropist who has given more than $2 billion to charitable causes over his lifetime. He founded Vulcan Inc. in 1986 with Jody Allen to oversee his business and philanthropic activities. He is also the co-founder of The Paul G. Allen Family Foundation. Today, Vulcan Inc. oversees a wide range of Allen’s investments and initiatives throughout the world. In 2003, he created the Allen Institute for Brain Science to accelerate understanding of the human brain in health and disease and, a decade later, launched the expansion of the Allen Institute for Artificial Intelligence to explore opportunities for development in the field of AI. In 2014, he donated $100 million to establish the Allen Institute for Cell Science and committed another $100 million to stopping Ebola. Mr. Allen is also the co-founder of Microsoft and owner of the Seattle Seahawks and Portland Trail Blazers. For more information, go to www.paulallen.com andwww.vulcan.com.

Source: Vulcan Inc.

Written by asiafreshnews

August 11, 2015 at 3:22 pm

Posted in Uncategorized

The Moxim House: Battle Of The “Audio” Wits

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“Moxim”ising Creative Excellence

KUALA LUMPUR, Malaysia /PRNewswire/ — Moxim House is not your usual creative agency.Using the principle of “Battle of the Wits,” this boutique creative agency has grown by empowering brands and “Moxim”ising impact.

The Moxim House Audio Studio 5.1
The Moxim House Audio Studio 5.1

Moxim House offers personalised creative audio visual services that cater to demanding clients, especially those who seek speedy and quality creative services.

Services that make a difference

As a boutique creative agency, Moxim offers personalised creative audio visual services that cater to demanding clients, especially those who seek speedy and quality creative services. Whether it is embarking on the realms of TV, Film, Radio or Digital Multimedia, Moxim ensures unsurpassed crystal clear quality of every service, which include:

  • Music Composition
  • Voiceover Recording/Dubbing
  • Sound Effects
  • Foley Recording
  • Sound Design
  • Surround 5.1 Mixing

STUDIO 5.1: Where audio imagination soars

Moxim uses state-of-the-art facilities, so that the imagination can take flight. By raising the bar of creative audio excellence with the newly constructed STUDIO 5.1. This bold and dashing audio suite empowers the creation of audio wizardry within intimate spaces and senses. The studio is complemented by multi-channel audio system that embraces distinction in sound quality – 3D way!

STUDIO 5.1 creates top-notch audio with

  • Avid HD OMNI with HD Native
  • Protools 11HD
  • Yamaha MSP5 Studio Monitors and Subwoofer
  • Neyrinck Soundcode for DOLBY E Encode/Decode 5.1 Surround for Broadcasting

About Moxim:

Built with the right mix of creativity and marketing excellence. The Moxim House is not your usual creative agency. Founded in 2006 with the principle of “Battle of the Wits,” this boutique creative agency has grown by empowering brands and “Moxim”ising impact. Today, we take pride in having a list of clients which include AirAsia, AIA, Plus Expressways and Canon.

Arming itself with a Game Changer mindset, Moxim takes innovative approaches, defying norms, creating breakthrough ideas in the competitive battle grounds.

Whether it is Super HD, Sensurround or animated sound, Moxim’s STUDIO 5.1 have it all. Go surround with Moxim. It’s always a sound decision to be omnipresent.

Client testimonials:

“AirAsia has frequently collaborated with The Moxim House. The Moxim House is a valuable partner to AirAsia. It was especially helpful having MOXIM’s expertise in regulating different audio levels across our fleet of aircraft which contributed directly to inflight comfort,” said Trudy Au, Branding, AirAsia Berhad.

“The Moxim House helped us to develop a launch video for a mobile application. Moxim delivered: the selection of venue, casting of talents, video shooting angles and lightings were of the highest quality. The music was carefully chosen to complement the tone and manner of the video, while the VO talent exuded a more casual vibe, as opposed to the typical deep corporate voice. This video received extremely positive feedback from audiences across the Asia Pacific Region,” said Nick Teoh, Associate Director of Distribution Platforms, AIA Group.

“It was an eye-opening experience for us to have our PLUS Mobile App TVC done in their Studio 5.1. We had a first look at the impressive facilities with the recently constructed studio. Likewise, their knack for selecting the right music is equally as outstanding. MOXIM’s usage of sound effects was also right on the mark, and in tune with the motion graphics. As for the voiceovers, it was meticulously undertaken to ensure that the two talents produced a harmonious delivery, even though the recordings took place separately. We are tremendously pleased with the outcome,” said Rosdi Effendi Mohammed Effendi, Head, Strategic Marketing Department, PLUS Expressways.

“Working with The Moxim House on the EOS 70D TV commercial was a very enjoyable and interesting experience. Moxim did a very good job in composing the background music as well as the foley effects. In addition, the background music was thoughtfully composed to play an important role in foreshadowing the change in mood. We are extremely delighted to have Moxim on this project,said Joey Low, ICP Division, Canon Marketing (Malaysia) Sdn Bhd.

Contact:

Elaine Teh
THE MOXIM HOUSE SDN BHD
(Tel) +603-6273-1308 / +603-6273-1329
(Fax) +603-6272-9294
(Working hours: Monday – Friday 10AM – 7PM Kuala Lumpur Time)
(Email) elaine@moximhouse.com / info@moximhouse.com
(Web) www.moximhouse.com
(FB) www.facebook.com/themoximhouse

Photo  – http://photos.prnasia.com/prnh/20150803/8521505050

Source: The Moxim House Sdn Bhd

Written by asiafreshnews

August 11, 2015 at 1:42 pm

Posted in Uncategorized

Mindtree Named Amongst the Top 10 Outsourcing Service Providers in USA and EMEA by ISG

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BANGALORE and WARREN, New Jersey /PRNewswire/ — Mindtree, a leading digital transformation and technology services company, today announced it has been named a Top 10 Outsourcing Service Provider in USA and EMEA by Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company.

(Logo: http://photos.prnewswire.com/prnh/20140416/681203 )

Mindtree was among the leading providers in the Breakthrough 10 category for both the regions based on annual contract value (ACV) won over the last 12 months, according to the ISG Global Outsourcing Index™. Now in its 51st consecutive quarter, the ISG Outsourcing Index provides an independent quarterly review of the latest sourcing industry data and trends for enterprises, service providers, analysts and the media.

Krishnakumar Natarajan, CEO and MD, Mindtree, said, “Being named in the top 10 outsourcing providers by ISG in the US and EMEA reflects our expertise in leading digital transformation efforts for clients globally. Our Digital DNA helps us create remarkable customer experiences across the value-chain, enabling our clients to outperform its competition and stay ahead of the industry.”

“Mindtree continues to establish itself as a leading and growing player in the global market for technology services, based on its volume of business in relation to other industry providers,” said Paul Reynolds, chief research officer of ISG. “This is the second consecutive time Mindtree has been featured in one of our top provider lists in 2015.”

For more than a decade, the ISG Outsourcing Index™ has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, industry adoption, geographic prevalence and service provider performance. Mindtree’s inclusion in the ISG Outsourcing Index is based on data the company submits to ISG each quarter.

About Information Services Group

Information Services Group (ISG) (NASDAQ: III) is a leading technology insights, market intelligence and advisory services company, serving more than 500 clients around the world to help them achieve operational excellence. ISG supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services, with a focus on information technology, business process transformation, program management services and enterprise resource planning. Clients look to ISG for unique insights and innovative solutions for leveraging technology, the deepest data source in the industry, and more than five decades of experience and global leadership in information and advisory services. Based in Stamford, Conn., the company has more than 850 employees and operates in 21 countries. For additional information, visit http://www.isg-one.com

About Mindtree

Mindtree [NSE: MINDTREE] delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition. “Born digital,” Mindtree takes an agile, collaborative approach to creating customized solutions across the digital value chain. At the same time, our deep expertise in infrastructure and applications management helps optimize your IT into a strategic asset. Whether you need to differentiate your company, reinvent business functions or accelerate revenue growth, we can get you there. Visithttp://www.mindtree.com to learn more.

For more information, contact:

Priyanka Waghre
Mindtree
+91 98867 29295
Priyanka.Waghre@mindtree.com

Siddhartha Tanti
Genesis Burson-Marsteller
+91 99863 62435
Siddhartha.Tanti@bm.com

Kiran Farooque
PPR Worldwide
+44 0 207 300 6181
Kiran.Farooque@pprww.com

Sarah Elder
Max Borges Agency
+1 415 548 6850
sarahelder@maxborgesagency.com

Source: Mindtree

Written by asiafreshnews

August 11, 2015 at 12:47 pm

Posted in Uncategorized

Weak Second-Quarter Demand Pushes Down 2015 LCD TV Shipment Estimate to 220M, Says TrendForce

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TAIPEI /PRNewswire/ — The latest report from WitsView, a division of TrendForce, finds the global shipments of LCD TVs in this second quarter totaled 48.25M sets, down 6.4% from the prior quarter. Due to the slowdown in the Chinese economy, sales figures from events related to the Chinese Labor Day and the Dragon Boat Festival fell below expectations. Moreover, the Greek debt crisis and the depreciation of the emerging market currencies have eroded brand vendors’ margins and led to continuing inventory accumulation of TV products.

WitsView projects that TV shipments in the third quarter will grow 19% compared with the second quarter, which had a low base period. In the latter half of the year, numerous holidays across the globe will generate market demand for TVs. China will have sales events related to the Mid-Autumn Festival and the National Day, while the United States and Europe are readying for the Thanksgiving and Christmas season. However, the uncertain global economy and the need to reduce excess inventory mean the stock up demand will not be as aggressive as anticipated. WitsView therefore has revised the shipment estimate for LCD TV sets for 2015, from 223M down to 220M. The annual shipment growth estimate has also been marked down from 3.46% to 1.74%.

Korean brands face declining shipments while Sony continues to adjust its strategy

Samsung held on to its position as the LCD TV leader in the second quarter with 10.5M sets shipped, a volume comparable to that of the prior quarter. LGE followed Samsung at No. 2, but its second-quarter shipments dropped 5.3% due to poor sales in the emerging markets and slowing Chinese domestic demand. Depreciation of the euro and emerging market currencies was also a factor. Overall, the second-quarter shipments did not grow as anticipated for the Korean brands, but instead there was a general decline.

Though Chinese brand vendors TCL and Hisense respectively stayed in third and fourth place in the second-quarter shipment ranking, they also suffered shipment drops of 19% and 12%. Low sales during the ChineseLabor Day and the Dragon Boat Festival hurt their performances. On average, the six major Chinese brands (TCL, Hisense, Haier, Konka, Changhong and Skyworth) suffered a 12.3% quarterly decline.

There are indications that some Japanese TV brands will eventually stop exporting TVs to the overseas markets. Sony was the only Japanese brand that entered the top five bracket in the second-quarter shipment ranking. Rather than just focusing on raising shipments, Sony intends to improve its profitability and business operations this year. To this end, it has introduced large-size, high-end TV sets. Set against the previous period, Sony’s shipments fell by 10% in the second quarter; and its market share also dropped slightly to 5.4%, down from 5.6% in the first quarter. The majority of Japanese brand vendors are licensing out their brand names or selling factories in order reduce their operating costs. It is expected that most of the Japanese brands will gradually cease their overseas operations in the future.

Figures: http://press.trendforce.com/press/20150810-2013.html

Contact

Ms. Lilia Huang
+886-2-7702-6888 ext 640
LiliaHuang@TrendForce.com

Ms. Sharon Yang
+886-2-7702-6888 ext 660
SharonYang@TrendForce.com

About TrendForce (www.trendforce.com)

TrendForce is a global provider of the latest development, insight, and analysis of the technology industry. Having served businesses for over a decade, the company has built up a strong base membership base of 410,000 subscribers. TrendForce has established a reputation as an organization that offers insightful and accurate analysis of the technology industry through five major research divisions: DRAMXchange, WitsView, LEDinside, EnergyTrend, and Topology. Founded in Taipei, Taiwan in 2000, TrendForce has extended its presence in Chinasince 2004 with offices in Shenzhen and Shanghai.

Source: TrendForce Corp.

Written by asiafreshnews

August 11, 2015 at 12:41 pm

Posted in Uncategorized