Asia Fresh News

Asia Fresh Stories

Archive for April 6th, 2016

Electronic Fluorocarbons begins Construction of State-of-the-Art Manufacturing Facility in Pennsylvania

leave a comment »

IVYLAND, Pa. /PRNewswire/ — Electronic Fluorocarbons, LLC (EFC), a leading provider to the semiconductor industry of Electronic Specialty Gases (ESG’s), packaged and purified to the highest specifications, announces that construction is well underway on their state-of-the-art manufacturing and purification facility on a 15 acre greenfield site in Hatfield Township, Montgomery County, Pennsylvania.  The facility is expected to begin operations in the 3rd quarter of this year.  Upon completion, EFC will combine and move its current production facility in Ivyland, Pennsylvania, to the larger Hatfield Township site.

Electronic Fluorocarbons begins Construction of State-of-the-Art Manufacturing Facility in Pennsylvania
Electronic Fluorocarbons begins Construction of State-of-the-Art Manufacturing Facility in Pennsylvania

Photo – http://photos.prnewswire.com/prnh/20160405/351588

The new location’s close proximity to major shipping ports such as Philadelphia and New York/Elizabeth will provide a strategic advantage through easier access to global markets resulting in faster order fulfillment.

This plant will have bulk capabilities, strategic customer order staging, and research and development capabilities to allow EFC to expand into new markets, adding advanced materials as well as additional Electronic Specialty Gases to its core product line.

The Hatfield Township plant will include an R&D Center, with improved analytical capabilities where EFC’s experienced scientists and engineers will have the ability to develop new product lines beginning at the bench top, through the pilot plant phase, and then scaling up to market introduction.  This state-of-the art center will enable EFC to research purification methodologies that will exceed currently accepted standards in the semi-conductor industry, while continuing to supply high quality, cost-competitive materials in a safe and responsible manner.

“This purpose-built facility … represents a major milestone for Electronic Fluorocarbons.  It positions us well to execute on technical and strategic initiatives in several high growth markets, and to provide our customers with higher capacity and improved redundancy,” said Pavel Perlov, Electronic Fluorocarbons’ CEO and Founder.

“Electronic Fluorocarbons decision to remain in Pennsylvania will create high quality jobs over the next three years.  The township, county and state will also benefit from the company’s presence here,” said Pavel.  “We look forward to working closely with the local communities as we establish and grow our manufacturing capabilities in Pennsylvania. We truly appreciate the assistance of the staff of Hatfield Township, and other local officials in siting, permitting, and financing this facility”.

About Electronic Fluorocarbons

EFC is a leading supplier of high quality hydrocarbon, specialty, rare gases and laser mixtures to North American, Asian and European Gas Distributors at competitive prices.  EFC stocks an extensive range of hydrocarbons, halocarbons and rare gases, available in both disposable and refillable cylinders (customer owned or rented), with available cylinder tracking capability to boost efficiency.  Sourced globally, these specialty gases are purified using EFC’s proprietary synthesis, purification, and packaging technology to meet and exceed stringent industry demanded specifications, accompanied with detailed and exacting analytical reports.  As the global supply of high purity gases in this industry becomes more limited, EFC continues to provide the highest level of customer service while being committed to reducing perfluorocarbon (PFC) emissions into the environment.

Contact: Melissa Perkins, melissa@efgases.com, www.efgases.com

Photo – http://photos.prnasia.com/prnh/20160405/8521602191

Source: Electronic Fluorocarbons, LLC
Related Links:

Written by asiafreshnews

April 6, 2016 at 5:15 pm

Posted in Uncategorized

Interventional Spine, Inc. announces New Line of Opticage® Lumbar Interbody Fusion Implants

leave a comment »

IRVINE, Calif. /PRNewswire/ — Interventional Spine, Inc. today announced the launch of a new line of products that will be showcased at this year’s International Society for the Advancement of Spine Surgery (ISASS) Annual Meeting in Las Vegas, NV. The new products, available at exhibit booth #229, include recent size additions to the Opticage® Lumbar Fusion line of spine products, as well as lordotic versions of the interbody device.

Logo – http://photos.prnewswire.com/prnh/20100419/LA88318LOGO

“We are proud to introduce this year’s line-up of new minimally invasive spine products at ISASS and provide an opportunity for surgeons to see a demonstration of the new products,” said Joseph Darling, Interventional Spine’s Chief Operating Officer. “These new and innovative devices, which build upon our existing line of products, are designed to assist surgeons in delivering superior patient outcomes in an affordable manner for Lumbar Fusion Surgery. Important to note is that this latest generation of the Opticage is derived from, and uses the same basic mechanism, as the original Opticage expandable which has been used in over 2,500 clinical cases. We look forward to showcasing their benefits at the ISASS meeting.”

The new product features include the following:

Opticage G3

  • Superior Expansion Strength (1600N)
  • Support for Multiple Surgical Approaches including PLIF, TLIF and Lateral
  • Intraoperative Flexibility
  • Significant Graft Window Size
  • Lateral and TLIF designs for parallel and lordotic applications

OptiGraft Inserter

  • Offers opportunity to fill the Opticage with additional flowable graft material post expansion in situ.

In addition, during the Scientific Sessions on Wednesday, April 6 at 5:30PM, Dr. Rudolf Morgenstern, longtime collaborator to Interventional Spine, Inc. will be presenting his experience with the Opticage, in an oral poster titled: “Percutaneous Transforaminal Lumbar Interbody Fusion (pTLIF) with a Posterolateral Transforaminal Approach.”

Interventional Spine, Inc. is a privately held company based in Irvine, California, that designs, develops, and markets patented implantable devices for the spine that can be deployed via both surgical and minimally invasive techniques. Supported by the Company’s unique product introduction systems, Interventional Spine’s products provide benefits to patients, surgeons, and healthcare facilities alike.

For more information on the Company and its products, please refer to our website at:
www.i-spineinc.com

FOR FURTHER INFORMATION CONTACT:
Walter A. Cuevas, Chief Executive Officer
(949) 472-0006

Source: Interventional Spine, Inc.

Written by asiafreshnews

April 6, 2016 at 5:13 pm

Posted in Uncategorized

VSaaS and Video Analytics Drive the Convergence of IoT and Video Surveillance in Enterprise Markets

leave a comment »

LONDON /PRNewswire/ — With the sophistication of video management and analytics software increasing and a surge in high-quality IP cameras, the video surveillance market is in the midst of a technological evolution. As a result, ABI Research, the leader in transformative technology innovation market intelligence, forecasts global value added services market revenues will top $10 billion by 2021. Data and analytics services, as well as device and application platform services, show the strongest revenue growth within the non-consumer video surveillance market.

Logo – http://photos.prnewswire.com/prnh/20151014/276887LOGO

“With hardware revenue margins destined to decline, many industry players are adopting a more service-oriented approach to find new revenue opportunities,” says Eugenio Pasqua, Research Analyst at ABI Research. “The intersection of video surveillance and IoT opens the doors to a whole new set of players.”

The idea is that enterprises can derive valuable insights from the data generated by video surveillance systems, which the organizations can then use to drive their operational, marketing, and merchandising decisions forward. ABI Research anticipates that an increasing number of vendors will offer solutions that integrate operation data from a variety of sources, including cameras and control systems.

Three trends in the video surveillance market clearly depict the convergence of IoT and video surveillance: Video Surveillance as a Service (VSaaS), the integration and unified management of video surveillance within other systems, and the use of video analytics as a business intelligence tool. VSaaS, specifically, is an emerging business model that enables access to the system and its services from virtually anywhere, while relieving user organizations and enterprises from service management.

While large-scale adoption of a fully cloud-based VSaaS model may not yet be viable due to its high bandwidth requirements, many leading vendors, like Genetec, Milestone Systems, Honeywell Security Group, and Aimetis, are incorporating VSaaS functionalities into their traditional video management solutions. The vendors are then integrating and connecting them with other security systems like access control, fire detection, and building management.

“The increasing demand of IT and physical security convergence and video integration will provide a fertile ground for players with a good IP understanding,” concludes Pasqua. “This will ultimately push many firms to closely collaborate and reduce the complexity in delivering a viable end-to-end solution.”

As for video analytics, Pasqua believes that its use as a business intelligence tool in addition to providing security and loss prevention will be a major driver for growth in the sector. The general desire to achieve a higher ROI from video surveillance systems will push more customers to implement such solutions, particularly in the small-to-medium business segment in which security budgets are typically limited.

And while the majority of surveillance cameras currently installed in the enterprise environment still use fixed line analog connections, this will not hinder the overall market. According to ABI Research, both wired and wireless IP connections will continue to grow at a double-digit CAGR for at least the next five years.

These findings are part of ABI Research’s Internet of Everything Service (https://www.abiresearch.com/market-research/service/internet-of-everything/) and Industrial Internet Service (https://www.abiresearch.com/market-research/service/industrial-internet/), which include research reports, market data, insights, and competitive assessments.

About ABI Research

For more than 25 years, ABI Research has stood at the forefront of technology market intelligence, partnering with innovative business leaders to implement informed, transformative technology decisions. The company employs a global team of senior analysts to provide comprehensive research and consulting services through deep quantitative forecasts, qualitative analyses and teardown services. An industry pioneer, ABI Research is proactive in its approach, frequently uncovering ground-breaking business cycles ahead of the curve and publishing research 18 to 36 months in advance of other organizations. In all, the company covers more than 60 services, spanning 11 technology sectors. For more information, visit www.abiresearch.com.

Contact Info: Christine Gallen

Tel: +44.203.326.0142

pr@abiresearch.com  

Source: ABI Research

Written by asiafreshnews

April 6, 2016 at 5:10 pm

Posted in Uncategorized

Iveco deploys semi-automated trucks for world’s first ever Truck Platooning Challenge

leave a comment »

-CNH Industrial’s commercial vehicles brand joins five other European truck manufacturers for the European Truck Platooning Challenge, the world’s first cross-border initiative with smart trucks. The brand sets off with a 2-truck platoon from the EU capital of Brussels, where a press conference was held together with local transport authorities.

LONDON /PRNewswire/ — Two heavy-duty Iveco Stralis trucks are currently en-route to Rotterdam, the Netherlands, but unlike your average freight operation, these two semi-automated vehicles are travelling in a platoon — something that up until now has not been performed on a public road. This mission is a part of the European Truck Platooning Challenge, an initiative organised by the Netherlands as part of its 6-month EU Presidency. As a member of the European Automobile Manufacturers Association (ACEA), which is actively supporting and participating in the Challenge, Iveco joins five other European truck manufacturers travelling via platoon to an event culminating on April 6in Rotterdam.

Logo – http://photos.prnewswire.com/prnh/20160119/323658LOGO

Truck platooning is the linking of two or three trucks in a convoy. These vehicles closely follow each other at a set, close distance by using connectivity technology and automated driving support systems. The truck at the head of the platoon acts as the leader, with the vehicles behind reacting and adapting to changes in its movement. For example, if the platoon leader brakes, all the other trucks in the platoon also brake. Platooning can help make transport safer, cleaner, and more efficient, alongside reducing fuel consumption through improved driving practices, and more importantly has the potential to reduce CO2 emissions by up to 10%.

A press conference was held today in Brussels in promotion of the initiative and to see off the departure of Iveco’s platoon. Representatives from Belgium’s Federal and local government and Iveco discussed a number of topics concerning platooning and autonomous driving.

Speakers included Belgium’s Federal Minister of Mobility, Jacqueline Galant, who spoke about the country’s approach to testing semi-automated vehicles; Dirk Quina, the Deputy Head of Cabinet for Belgium’s Chief State Secretary for Road Safety and ICT who addressed the usefulness of technology for road safety; and Giandomenico Fioretti, Trucks Portfolio Management Director at Iveco who focused on Iveco’s role in the European Truck Platooning Challenge.

The overall objective of the European Truck Platooning Challenge is to accelerate the introduction of truck platoons by putting the subject high on the agenda of EU policy makers. The main event in Rotterdam on April 6 will demonstrate the advantages of truck platooning with an aim to foster European cooperation between truck manufacturers, member states, logistics service providers, road operators, road and vehicle approval authorities, research institutes and governments.

Truck platooning is also part of the industry’s integrated approach to further reducing CO2 emissions. This approach examines all elements that affect emissions when operating a truck. Besides the vehicle itself, trailer design, the use of alternative fuels, logistics, infrastructure and intelligent transport systems (such as platooning) all play a decisive role in reducing CO2 emission levels.

A live stream of the event on April 6 can be found at: http://snglive.nl/rijkswaterstaat/

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

Media contacts:

Alessia Domanico

Laura Overall

Corporate Communications – Global

Corporate Communications Manager

CNH Industrial

CNH Industrial

Tel: +44 (0)2077 660 326

Tel. +44 (0)2077 660 338                 

Email: mediarelations@cnhind.com

www.cnhindustrial.com

 

Source: CNH Industrial N.V.

Related stocks: Milan:CNHI

Written by asiafreshnews

April 6, 2016 at 5:08 pm

Posted in Uncategorized

Nextiva Claims Top Honors in Customer Service at Frost & Sullivan’s 2016 Excellence in Best Practices Awards Banquet

leave a comment »

-Nextiva’s superior customer support, constant technology innovation and strong focus on the entire end-user experience have earned it this accolade

MOUNTAIN VIEW, Calif. /PRNewswire/ — Nextiva walked away with the 2015 North American Frost & Sullivan Award for Customer Service Leadership at the 2016 Excellence in Best Practices Awards, a yearly black-tie event that honors top achievers and innovators. Josh Lesavoy, CIO, joined an elite list of industry stalwarts when he accepted the award on behalf of Nextiva at Frost & Sullivan’s gala held at the Hilton, San Diego Resort & Spa, Calif., on January 13th 2016.

Click here for the full multimedia experience – http://best-practices.frost-multimedia-wire.com/nextiva

“Technology innovation is a key tenet of Nextiva’s customer service strategy,” said Frost & Sullivan Program DirectorElka Popova. “Nextiva offers one of the most comprehensive cloud applications suites in the industry, supported through a geographically redundant infrastructure with multiple service nodes across the United States.”

The foundation of the company’s cloud communications solution is the industry-leading NextOS platform. This platform offers a broad set of telephony and unified communications and collaboration (UCC) features as well as application program interfaces for flexible integration with third-party solutions. Nextiva’s tiered services bundles include telephony, messaging, IM/presence, conferencing, collaboration, mobility and contact center.

Significantly, Nextiva is one of a few providers that deliver full-fledged contact center capability, in addition to IP telephony. For its entire suite of cloud applications, the company enables desktop phone and PC/Mac soft client access, as well as mobile access to telephony, messaging, and presence on iOS and Android devices.

Nextiva’s current technology development efforts focus on analytics, which it sees as a critical element of its value proposition going forward. Recent enhancements to the company’s analytics tools include customizable reports with charts and graphs that provide detailed data on customer interactions. The data from these reports enable Nextiva clients to improve internal employee productivity and collaboration, and external interactions with their customers.

As a data-driven company, Nextiva uses information from its proprietary customer relationship management (CRM) system to monitor and boost the customer experience. The company continually enhances this tracking tool to deeply integrate with call data and assist agents in improving their interactions with customers and partners.

As such, Nextiva’s CRM system provides the foundation for its data and customer monitoring processes. It offers valuable information on customer satisfaction and helps with management reporting; specifically, it shows how Nextiva is performing against its strategic mapping indicators and determines areas that require improvement.

Overall, Nextiva’s forte is ensuring frictionless customer interactions through its unique internal structure. The company matches customers with employees based on customer needs and employee skill sets. Larger organizations with more technically savvy staff and complex technology needs are paired with a dedicated team of Nextiva account managers and advanced technical specialists. Smaller businesses, on the other hand, are paired with technical staff that specialize in the features and account setup more typical of smaller implementations.

Nextiva supports customers through an entirely US-based customer service team available via phone, chat, email and social media. After every customer contact with a Nextiva representative, the company surveys customers about their satisfaction with the agent interaction. To date, 93 percent of customers have given Nextiva a customer service rating of “Highly Satisfied.”

Recognizing that employees are central to customer experience improvement efforts, Nextiva empowers staff to perform to the best of their abilities and creates a culture of high personal responsibility. The company rewards the delivery of exceptional customer service during its annual Amazing Service Awards ceremony. The awards are based on the impact employees have on the company as a whole through their attitude and dedication to helping others.

“Nextiva’s concept of ‘Amazing Service’ represents a holistic approach to customer value built on the three pillars of reliability, ease of use, and excellent customer service,” noted Popova. “It comes as no surprise that the company’s partners describe its customer service as ‘second to none’.”

Each year, Frost & Sullivan presents this award to a company that has demonstrated outstanding timeliness and quality in offering a service. The award acknowledges the attractive cost of service and the impact of the offering on customer value.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

About Nextiva

Nextiva provides cloud-based communications and collaboration solutions designed to simplify the way businesses communicate. Founded in 2006 on the principle of Amazing Service®, Nextiva serves more than 100,000 businesses in the United States from its headquarters in Scottsdale, Arizona. Learn more at www.nextiva.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on “the next big thing”

Register:         Gain access to visionary innovation

Contact:

Mireya Espinoza
P: +1.210. 247.3870
F: +1.210.348.1003
E: mireya.espinoza@frost.com

Audriana Vojkovich-Bombard
P: +1 (480) 725-9545
audriana@nextiva.com

Source: Frost & Sullivan
Related Links:

Written by asiafreshnews

April 6, 2016 at 5:06 pm

Posted in Uncategorized

Frost & Sullivan to Host the 12th Annual Malaysia Excellence Awards on April 14, 2016

leave a comment »

KUALA LUMPUR, Malaysia /PRNewswire/ — Frost & Sullivan will be hosting its annual Malaysia Excellence Awards Gala on April 14, 2016 at the Grand Hyatt Kuala Lumpur.

Mr. Hazmi Yusof, Managing Director, Malaysia and Senior Vice President, Asia Pacific at Frost & Sullivan said that the annual awards, in its 12th year now, is aimed at recognizing Malaysian companies that have performed exceptionally well in 2015.

“It is even more important now to recognize companies that have been driving innovation and raising the bar, setting a standard on excellence across multiple industries in Malaysia in a tough economic climate,” he added.

“The identified recipients are truly deserving of the awards as they have been at the forefront in developing truly innovative products and services to meet the challenges faced in today’s competitive economy,” he said, adding that the awards program will hopefully continue to spur these companies in their strive for excellence.

The Malaysia Excellence Awards aims to recognize Malaysian companies for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research in order to identify best practices.

The findings of the detailed evaluation are then presented to a panel of independent judges comprising influential personalities and leaders in Malaysia, to decide the recipient for the healthcare and ICT categories.

The awards banquet is by invitation only. Please visit our awards website at http://www.malaysia-awards.com or connect with us via social media – TwitterFacebook and Linkedin for the latest news and updates. We also invite you to join the conversation using #FrostAwards.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact Us:     Start the discussion

Media Contact

Carrie Low
Corporate Communications – Asia Pacific
Phone: +603.6204.5910
Email: carrie.low@frost.com

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

Source: Frost & Sullivan
Related Links:

Written by asiafreshnews

April 6, 2016 at 5:05 pm

Posted in Uncategorized

Innovation is a Key Factor to Grow Profits and Reap Opportunities in Australia’s $4 billion Fintech Market, says Frost & Sullivan

leave a comment »

— Resisting Fintech disruption amounts to a loss of $13 billion in aggregated revenues –

SYDNEY /PRNewswire/ — The Australian Banking sector is heavily regulated to prevent monopolies and collapses, and is guided by the Four Pillars Policy of the Australian Government which maintains the viability and separation of the “Big Four” banks: Commonwealth Bank of Australia (CBA), Westpac Banking Corporation (WBC), National Australia Bank (NAB), Australia and New Zealand Banking Group (ANZ).

Saranga Sudarshan, Analyst, ICT Practice, Frost & Sullivan Australia & New Zealand
Saranga Sudarshan, Analyst, ICT Practice, Frost & Sullivan Australia & New Zealand

Following the global financial crisis, in 2008, for reasons motivated by stability rather than customer satisfaction, consumers flocked to the ‘Big Four’ who benefited by recovering market share previously lost to the smaller financial institutions. While the Big Four are more dominant than ever, future bank profitability is more dependent than ever on innovation.

Frost & Sullivan’s latest study, Fintech in Australia — Trends, Forecasts and Analysis 2015 — 2020 forecasts that the Australian Fintech market will reach over AUD4 billion in revenues by 2020 including AUD1 billion in completely new added value to the Australian economy.  What is more arresting is that the report highlights the fact that Australian banks are set to lose out on AUD13 billion in aggregated revenues as the Australian Fintech sector is set to take AUD10 billion in aggregated revenues away from the big Australian banks and contribute AUD3 billion of new revenue to the Australian Financial Services Sector from 2015 to 2020.

Audrey William, Head of Research, ICT Practice, Frost & Sullivan Australia & New Zealand says, “This disruption should be of serious concern to the Australian financial services sector. While Fintech will not end traditional financial services, Australian Fintech is in the development stage of the business cycle and already the Fintech start-up space has grown rapidly in Australia.” Frost & Sullivan believes that the Big Four banks must react or face a large dent in future profit growth. The decline in return on equity will continue with the disruption from the Fintech sector.

Fintech has decentralised financial power and provided new dynamic new solutions to old problems. The Fintech disruption is changing historical trends and offering products that offer stability in a new and innovative way and at a lower cost than the Big Four banks. “Frost & Sullivan believes that the inertia and stability of the Big Four banks is more a weakness than strength, and will be increasingly exposed as such without a clear strategy to decentralise the existing suite of banking products,” added William.

Saranga Sudarshan, Research Analyst, ICT Practice, Frost & Sullivan Australia & New Zealand says that out of the Big Four banks, Westpac Banking Corporation (WBC) is the most engaged with new technologies to combat Fintech disruption. “WBC opened an innovation lab in September 2014 and has already invested AUD50 million in companies throughout the Fintech sector, with blockchain trials and mobile payments through its partnership with Android Pay to begin in 2016,” he said.

The Commonwealth Bank of Australia (CBA) comes in second after WBC in its likelihood to succeed with its engagement with the Fintech Sector. As the bank with the highest market capitalisation, CBA has the most to lose from the disruption of the Fintech Sector. Added Saranga, “CBA already started trialling blockchain technology with its subsidiaries at the end of 2015;  a revolutionary step in the transformation of the banking sector, and has set up two “Innovation Labs” designed to research Artificial Intelligence (AI) and Machine Learning Systems with a third lab planned  in London in 2016. The internationalisation of technological research is a key element of CBA’s strategy into the future.”

Although WBC and CBA compete with two different innovation models; they have both committed early resources to engaging with Fintech. Whilst NAB and ANZ have developed strong engagement strategies, they have been late in committing resources compared to WBC and CBA. The future growth of the Australian Fintech sector will depend on how much the government chooses to favour the Big Four banks and keep the financial sector regulated against market volatility.

Frost & Sullivan’s report, Fintech in Australia — Trends, Forecasts and Analysis 2015 – 2020, forms a part of the Frost & Sullivan Australian Research program. All research services included in this subscription provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. For media queries and more information please send an e-mail with your contact details to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Contact:

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

http://www.frost.com

Photo – http://photos.prnasia.com/prnh/20160405/8521602175

Source: Frost & Sullivan
Related Links:

Written by asiafreshnews

April 6, 2016 at 5:02 pm

Posted in Uncategorized

Sorrento Announces Definitive Agreements for up to $150 Million Private Placement

leave a comment »

SAN DIEGO /PRNewswire/ — Sorrento Therapeutics, Inc. (NASDAQ: SRNE), an antibody-centric, clinical-stage biopharmaceutical company developing new treatments for cancer and other unmet medical needs company, today announced that it has entered into definitive agreements with institutional investors and its strategic corporate partner, Yuhan Corporation (000100.KS; Yuhan) of South Korea, whereby such investors will invest up to approximately $150 million in separate private placements in newly issued common stock (the “Shares”) at $5.55 per share and receive warrants to purchase common stock with an exercise price of $8.50 per share (the “Warrants”).

Logo – http://photos.prnewswire.com/prnh/20150105/167173LOGO

The transaction is led by Ally Bridge Group, a global healthcare-focused investment group based in Hong Kong, with a global life science investment portfolio in the U.S., Europe and Asia. The transaction is subject to customary closing conditions, including obtaining clearance for the issuance of the Shares and the Warrants pursuant to Nasdaq Stock Market LLC listing requirements and completion of investor due diligence, and is expected to occur by the end of May 2016. Net proceeds from the financing will primarily be used to support the development of Sorrento’s product pipeline and for general corporate purposes.

“We appreciate the confidence of Ally-Bridge Group, Yuhan Corporation and the other new investors in Sorrento as we accelerate the clinical development strategy for our multiple immunotherapy product candidates with the significant funds raised from this financing,” said Henry Ji, President & CEO of Sorrento.

“There is no doubt that Sorrento has a unique, comprehensive portfolio of innovative antibody technologies with a number of cutting-edge immunotherapy programs. There is tremendous excitement around Sorrento’s subsidiaries and joint ventures and, in particular, TNK Therapeutics’ CAR-T and CAR.NK cell therapy programs as well as LA Cell’s ground-breaking cell-penetrant antibody technology that could potentially directly attack previously undruggable intracellular targets, such as important oncogenes like mutant K-Ras or MYC as well as important immuno-oncology targets, including FoxP3 and IDO. With the support of today’s substantial financing initiated and led by ABG, Sorrento will be able to accelerate the development of these exciting technologies and innovative products to unlock significant value that is currently not recognized,” said Frank Yu, Founder and CEO of ABG. “Sorrento has a proven track record in forging partnerships on a global basis, and more importantly, monetizing its assets, such as in the case of Cynviloq for a potential value of up to USD1.3 billion. ABG has been working closely with Sorrento in key areas of global expansion, strategic partnerships, and financing.”

“We recently formed the ImmuneOncia joint venture with Sorrento to focus on clinical development of innovative immuno-oncology antibodies originated from Sorrento’s G-MAB library. Our R&D team has been in close interaction with Sorrento’s R&D team and is deeply impressed by Sorrento’s industry-leading antibody and immunocellular technology platforms as well as its innovative immunotherapy product portfolios. We are very happy to participate in investing in Sorrento and look forward to grow with Sorrento to be major players in the rapidly expanding immunotherapy field,” said Mr. Jung Hee Lee, President and CEO of Yuhan Corporation (000100.KS; Yuhan), one of the largest and most respected pharmaceutical companies in South Korea.

The Shares, Warrants and shares issuable upon exercise of the Warrants have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any State or other jurisdiction, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Sorrento Therapeutics

Sorrento is an antibody-centric, clinical stage biopharmaceutical company developing new treatments for cancer, inflammation and autoimmune diseases. Sorrento’s lead products are multiple late-stage biosimilar and biobetter antibodies, as well as clinical CAR-T therapies targeting solid tumors. Learn more at www.sorrentotherapeutics.com.

About Ally Bridge Group

Ally Bridge Group (“ABG”) is a global healthcare-focused investment group, founded and led by Mr. Frank Yu (formerly a Managing Director of Goldman Sachs and Och-Ziff Capital) with a global healthcare investment portfolio in China, the United States, and Europe and more than USD1 billion in assets under management. In 2015, ABG initiated, led and completed the US$3.3billion take-private of WuXi PharmaTech, a leading global life science service provider.

About Yuhan Corporation 

Yuhan Corporation is a South Korea-based healthcare company founded in 1926. The company has positioned itself as one of the top pharmaceutical companies in terms of market cap and sales revenue in Korea. The core business consists of primary & specialty care, dietary supplements, household & animal care, and contract manufacturing of active pharmaceutical ingredients. It has a number of subsidiaries and a global presence in the form of joint ventures with Janssen (Belgium), the Clorox Company (USA), and Kimberly-Clark Corporation (USA). Yuhan (KS) is a publicly-listed company traded on the Korea Stock Exchange.

Source: Sorrento Therapeutics, Inc.

Written by asiafreshnews

April 6, 2016 at 4:12 pm

Posted in Uncategorized

UL Launches Cybersecurity Assurance Program

leave a comment »

-New UL 2900 Series of Standards Offer Testable Cybersecurity Criteria for Network-Connectable Products & Systems

NORTHBROOK, Illinois /PRNewswire/ — UL (Underwriters Laboratories), a global safety science organization, today announced its new Cybersecurity Assurance Program (UL CAP). UL CAP uses the new UL 2900 series of standards to offer testable cybersecurity criteria for network-connectable products and systems to assess software vulnerabilities and weaknesses, minimize exploitation, address known malware, review security controls and increase security awareness. UL CAP is for vendors looking for trusted support in assessing security risks while they continue to focus on product innovation to help build safer more secure products, as well as for purchasers of products who want to mitigate risks by sourcing products validated by a trusted third party.

Logo – http://photos.prnewswire.com/prn/20140721/129100

As cyber-attacks become more sophisticated, harder to protect against, and more costly than ever, security precautions are critical. There will be 21-50 billion connected devices by 2020, according to Gartner and other industry reports. By 2018, it is predicted that 66% of networks will have an IoT security breach*. The security and financial risks impacting products and services globally for public and private sectors and consumers alike are the key drivers to develop new safeguards in an ever-changing security threat landscape faced with growing risks.

“We’re aiming to support and underpin the innovative, rapidly iterating technologies that make up the Internet of Things (IoT) with a security program,” said Rachna Stegall, Director of Connected Technologies at UL. “The more devices become interconnected, the greater the potential security risks to products and services across all sectors. The Cybersecurity Assurance Program’s purpose is to help manufacturers, purchasers and end-users, both public and private, mitigate those risks via methodical risk assessments and evaluations.”

The new UL CAP was developed with input from major stakeholders representing the U.S. Federal government, academia and industry to elevate the security measures deployed in the critical infrastructure supply chain. The White House recently released the Cybersecurity National Action Plan (CNAP), designed to enhance cybersecurity capabilities within the US government and across the country. UL’s CAP services and software security efforts were recognized within the CNAP as a way to test and certify network-connectable devices within the Internet of Things supply chain and ecosystems especially relevant in critical infrastructures, such as energy, utilities and healthcare.

Asset owners from critical infrastructure can see the benefits of UL CAP as a means for evaluating the security posture of their supply chain.  “The availability and integrity of critical infrastructure is crucial to the safety and well-being of society. A comprehensive program that measures critical systems against a common set of reliable security criteria is helpful,” states Terrell Garren, CSO, Duke Energy.  UL CAP offers trusted third party support with the ability to evaluate both the security of network-connectable products and systems and the vendor processes for developing and maintaining products and systems with a security focus.

Asset owners know the significance of UL CAP being developed with Open Source technologies in mind as it aligns and simplifies their network-connectable products and systems, architectures, and cyber security strategies. “In the coming years, UL’s role will be transformative in that it will provide cyber insurers with a common approach to evaluate and more efficiently price cyber risk for companies that adopt and promote the UL certified technologies and processes. In the short term, we expect the UL 2900 to become central to businesses delivering a more secure Internet of Things and government a more secure U.S. critical infrastructure. We believe that UL certification will carry significant weight, and differentiate our offering in the marketplace,” states David Wallace Cox, President, Developer and Chief Architect at Reprivata, Corp.

UL’s evaluation of security products and systems uses the UL 2900 series of standards which outline technical criteria for testing and evaluating the security of products and systems that are network-connectable. These standards form a baseline set of technical requirements to measure, and then elevate, the security posture of products and systems. UL 2900 is designed to evolve and incorporate additional technical criteria as the security needs in the marketplace mature.

Building on the successful framework of the UL CAP pilot where initial vendors benefited from this innovative program, UL CAP can help vendors identify security risks in their products and systems and suggests methods for mitigating those risks in a wide range of industry functions, including: industrial control systems, medical devices, automotive, HVAC, lighting, smart home, appliances, alarm systems, fire systems, building automation, smart meters, network equipment, and consumer electronics. For increased flexibility for specific market requirements, vendors can select the UL CAP services best suited for their current needs.

Meeting the requirements outlined in the UL 2900 series of standards allows a product or system to be certified by UL as “UL 2900 compliant”. Additionally, since security is dynamic, UL 2900 can support the evaluation of a vendor’s processes for design, development and maintenance of secure products and systems.

For more information on UL CAP, register to attend the FREE ULwebinar: UL CAP-Evaluating Network-Connectable Products & Systems per Common Security Requirements on April 26 at 11:00am CST: http://bit.ly/CAPWeb1 or visithttp://www.ul.com/cybersecurity. For product testing, evaluation or certification questions email ULCyber@ul.com.

*Source: IDC Research, Inc.

About UL      

UL is a premier global independent safety science company that has championed progress for more than 120 years. Its nearly 11,000 professionals are guided by the UL mission to promote safe working and living environments for all people. UL uses research and standards to continually advance and meet ever-evolving safety needs. We partner with businesses, manufacturers, trade associations and international regulatory authorities to bring solutions to a more complex global supply chain. For more information about our certification, testing, inspection, training and education services, visit http://www.UL.com.

CONTACT:
Brooke Higginbotham
Public Relations Specialist
UL Corporate Communications
O: (847) 664.1298 E: brooke.higginbotham@ul.com

Source: UL
Related Links:

Written by asiafreshnews

April 6, 2016 at 3:46 pm

Posted in Uncategorized

AkesoCare Unveils New Corporate Branding

leave a comment »

INDIANAPOLIS /PRNewswire/ — Akeso Care Management® (“AkesoCare”), a URAC-accredited international health care management company, has unveiled new corporate branding to reflect its commitment to clients.

AkesoCare's new logo evokes a sense of optimism and passion -- the same traits AkesoCare employees convey as they coordinate both routine clinical care and emergency medical treatment for their members
AkesoCare’s new logo evokes a sense of optimism and passion — the same traits AkesoCare employees convey as they coordinate both routine clinical care and emergency medical treatment for their members

A subsidiary of International Medical Group® (IMG®) — an administrator of global health care benefits — AkesoCare provides worldwide assistance and medical management services, including:

  • Emergency medical evacuations
  • International cost containment and Medical Concierge Service
  • Precertification and medical review
  • Wellness services and disease management
  • International workers compensation
  • Comprehensive case management

“These industry-leading services deserve a brand identity that matches the same commitment and passion shown by AkesoCare staff each day,” IMG CEO Brian Barwick said. “Refreshing the company’s brand will convey an even better sense of purpose to current and future AkesoCare clients.”

The new brand identity includes the revision of the AkesoCare logo, which reflects the company’s strong value proposition.

Now in orange, a combination of yellow and red, the logo evokes a sense of optimism and passion — the same traits AkesoCare employees convey as they coordinate both routine clinical care and emergency medical treatment for their members.

Additionally, the orange arrow in Akeso, a Greek word meaning “to heal or cure,” is the mark of the company’s mission to direct clients to safety, providing nothing less than the best possible medical care they can get.

As part of the rebrand, the company also launched AkesoCare Global, a new service line within AkesoCare focused entirely on providing clients the right care at the right price, globally. Established to decrease overall plan costs, AkesoCare Global uses proactive, concurrent and post-treatment strategies that help save members money and avoid unnecessary health care costs altogether.

AkesoCare Global’s proprietary cost-containment strategy provides more than 30 unique, proven cost avoidance approaches. Thus far, the strategy has demonstrated an average overall savings of 49.3% in the U.S.

“In the U.S. and many other countries, there is often no correlation between the cost and quality of care — with many providers charging bogusly inflated prices at whim,” said Andy Tibbets, vice president of AkesoCare. “AkesoCare Global is the watchdog of escalating costs, ensuring that clients and health care systems as a whole pay a fair price for the services and treatment delivered.”

These cost-containment strategies are just one component of AkesoCare’s commitment to clients. While the company’s services have expanded over the years, its focus remains the same.

“One thing that has never changed is AkesoCare’s focus on the health and well-being of its clients,” IMG PresidentTodd A. Hancock said. “AkesoCare touches lives every day and our new branding reflects our continued commitment to serve and protect our clients.”

About AkesoCare
Founded in 1996, AkesoCare — headquartered in Indianapolis, Indiana, U.S.A. — has served more than 200,000 members in almost every country. The URAC-accredited international health care management company offers a comprehensive range of services, including emergency medical evacuations, cost containment, precertification, medical review, wellness services, disease management, international workers compensation, case management and more. AkesoCare’s on-site clinical staff provides 24/7 assistance in the case of a medical emergency, ensuring clients always travel with Global Peace of Mind®. AkesoCare is part of the International Medical Group® (IMG®) global family of companies.

About International Medical Group
For more than 25 years, International Medical Group — headquartered in Indianapolis, Indiana, U.S.A. — has provided global benefits and assistance services to millions of members in almost every country. We’re committed to being there with our members wherever they may be in the world, providing them Global Peace of Mind®. With 24/7 worldwide assistance and medical management services, multilingual claims administrators and highly trained customer service professionals, IMG delivers the insurance products international members need, backed by the services they want. IMG’s global family of companies includes Akeso Care Management®, IMG Europe Ltd., Global Response Ltd., IMG-Stop LossSM and International Medical Administrators, Inc.

Source: Akeso Care Management
Related Links:

Written by asiafreshnews

April 6, 2016 at 3:42 pm

Posted in Uncategorized