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Archive for August 25th, 2016

New Silkroutes Group’s Oil & Gas Unit on Track to Achieve Over US$225M in Revenue in FY2017

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SINGAPORE /PRNewswire/ —

– Target is more than four times the US$49.6 million generated in FY2016

Just over a year after it started operations, International Energy Group (“IEG”), a wholly owned subsidiary of New Silkroutes Group (“NSG” or “the Group”), said today it is on track to generate more than US$225 million in revenue by the end of its current financial year ending 30 June 2017 (“FY2017”).

That will mark the Group’s highest revenue in more than a decade. NSG, previously known as Digiland International Limited, had achieved revenue that exceeded US$200 million 12 years ago in FY2004, as a distributor of consumer IT products. NSG no longer distributes such products, and is evolving into an investment holding company with businesses in energy and resources, infocomm technology, healthcare and fund management.

IEG currently accounts for most of NSG’s revenue. Headquartered in Singapore, IEG commenced operations in June last year as an oil and gas trader. It has since grown rapidly despite the worst slump in oil prices in recent history.

For the 12 months from 1 July 2015 to 30 June 2016 (“FY2016”), IEG generated revenue of US$49.6 million, of which US$32.6 million was achieved in the final quarter, US$9.5 million from January to March, US$5.8 million from October to December and the rest from July to September. It eked out a modest profit at its inception and ended the financial year in the black as revenue swelled.

Building on its growth momentum, IEG expects revenue to exceed US$225 million in the current financial year. This will be driven by new credit facilities the company recently obtained from several international banks.

Mr Artun Gursel, book leader for IEG, said: “We are not affected by the collapse in oil prices or the global glut in oil as we are asset-light with zero corporate debt. We earn a margin by adding value in the way we secure supplies and deliver to buyers. The entire process is carried out in the most efficient way possible. Low oil prices and the excess supply of oil work to our advantage as we can handle more volume and trade more cost effectively.”

Aligning itself with China’s “One Belt One Road” policy, IEG initially targeted buyers mainly in Southeast Asia, North Asia and the Indian subcontinent. Its counterparties include oil majors and national oil companies. It has since started trading in China and Europe and intends to further expand its geographical reach.

IEG also expects to eventually manage and own oil storage facilities in Asia and Europe. As announced in May 2015, IEG has a joint venture with the government of Malta to develop the Southern European island into an energy trading hub between the two continents.

About New Silkroutes Group Limited

New Silkroutes Group (Bloomberg: NSG SP) is a Singapore-incorporated company (established on 25 Jan 1994) listed on the Mainboard of Singapore Exchange Securities Trading Ltd (SGX). It is evolving into an investment holding company with core competencies in Capabilities Enablement, Capital Allocation, and (Policy) Analysis. The group, through its subsidiaries and associate companies, has exposure to key sector verticals, including Energy/Resources, Healthcare, and Infocomm Technology with a focus on Security & Governance.

About International Energy Group Pte Ltd

Founded in August 2014, International Energy Group (IEG) is an oil and gas company headquartered in Singapore. IEG is a 100% subsidiary of New Silkroutes Group Limited, and comprises several affiliated companies wholly or partially owned. One of these companies, IEG Malta Limited, headquartered in Malta, is a joint venture between IEG and the Maltese Government. IEG also manages a network of wholesalers with distribution channels in South Korea, Vietnam and other countries in Asia.

For enquiries, please contact:

New Silkroutes Group Limited
Email: ipr@newsilkroutes.org

WeR1Consultants Pte Ltd
3 Phillip Street, #12-01, Royal Group Building
Singapore 048693
Tel: (65) 6737 4844
Frankie Ho — frankieho@wer1.net

Source: New Silkroutes Group Limited
Related stocks: Singapore:BMT

Written by asiafreshnews

August 25, 2016 at 5:43 pm

Posted in Uncategorized

Asia Plantation Capital Berhad Becomes the First Company to Offer Regulatory Approved Agarwood Investment

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KUALA LUMPUR, Malaysia /PRNewswire/ — Asia Plantation Capital Berhad (APCB), is pleased to announce that it has become the first dedicated agarwood plantation company in Asia to receive regulatory approval from Suruhanjaya Syarikat Malaysia (SSM – Companies Commission of Malaysia) for its Malaysia-based investment scheme.

Asia Plantation Capital Berhad’s Agarwood Distillery and Factory in Johor Bahru, Malaysia.
Asia Plantation Capital Berhad’s Agarwood Distillery and Factory in Johor Bahru, Malaysia.
SSM is a statutory body in Malaysia that regulates companies and businesses, and is the country’s leading authority for the improvement of corporate governance, and compliance with businesses registration and corporate legislation. As an enforcement body, SSM lays down stringent guidelines, and after a thorough audit by Agrinexus International — Malaysia’s leading management services company for the agriculture sector — Asia Plantation Capital Berhad’s regulatory approval has now been confirmed.

The approval is important for APCB and all its stakeholders, as it not only maintains the integrity of the industry and the investment sector, but also provides security and peace of mind for both current and potential clients.

Steve Watts, CEO of Asia Plantation Capital Berhad commented, “This comes as a significant step forward for us as a company, and indeed the agarwood plantation industry as a whole. The approval further strengthens our position as a global leader, and allows us to provide our services to regulated investment funds, individuals and institutional investors, all of whom can now have the comfort of knowing that we have gone through a rigorous audit and approval process by Malaysia’s foremost financial regulator.”

Aquilaria Trees Managed By Asia Plantation Capital Berhad as Part of a Joint Venture Agreement.
Aquilaria Trees Managed By Asia Plantation Capital Berhad as Part of a Joint Venture Agreement.
“It also paves the way for our ambitious expansion and investment programmes in Malaysia,” he continued, “and follows up our recently signed joint venture with Tunku Temenggong Johor’s, Johor Motorsports, as well as agreements we have already reached to manage plantations with Eco BlackGold. Expansion plans are also underway for our existing factory in Johor, and we are also looking at a major investment into new agarwood plantations in the very near future.”

Watts concluded, “As part of the company’s commitment to investing in local communities, we are aiming to supply our knowledge and expertise by introducing an ‘outgrower’ programme with local farms, smaller growers, and fellow plantation operators, and in return, offer a fixed price for their current, mature trees. We can also assist them by providing access to the processing facilities at our factories.”

Asia Plantation Capital Berhad has already established itself as a world leader in agarwood plantation management and the production of 100% pure, organic Oud oil — a fact not lost on the fragrance world. APCB supplies its sustainably sourced Oud to Fragrance Du Bois — a young, innovative perfume house whose range of Oud-inspired products have created quite a stir on the international market, and whose pace of expansion appears to be matching that of Asia Plantation Capital.

“Obtaining regulatory approval from a body as prestigious and well-respected as the Companies Commission of Malaysia is extremely helpful to the development of our company and what we are striving to achieve as an organisation,” said Steve Watts in signing off. “It’s excellent news for both us and our investors, and is a testament to the efforts we have put in to create only the finest products, embracing the best, ethical business practices, and with every respect to the environment in which we must all live and work.”

Note to editors:

For further information, please contact:

Samantha Tham
PR & Marketing Executive, Asia Plantation Capital
Email: samantha.tham@asiaplantationcapital.com
Tel: +65-6222-3386

About Asia Plantation Capital Berhad

APCB is part of the Asia Plantation Capital Group, which is one of the world’s fastest growing plantation management companies, leading the way in sapling cultivation, forestry growth, pioneering inoculation methods, harvesting techniques, distillation methods and product processing, while bringing important economic benefits to local communities.

About Suruhanjaya Syarikat Malaysia (SSM)

SSM is the Companies Commission of Malaysia, formed in April 2002 after a merger between the Registrar of Companies (ROC) and the Registrar of Businesses (ROB). It serves as an agency to incorporate companies and register businesses, and provides both company and business information to the Malaysian public. SSM comprehensively enforces business registration and corporate legislation compliance, and is responsible for monitoring all activities and developments in Malaysia’s corporate and business sectors.

Photo – http://photos.prnasia.com/prnh/20160824/8521605349-a
Photo – http://photos.prnasia.com/prnh/20160824/8521605349-b

Source: Asia Plantation Capital
Related Links:
http://www.asiaplantationcapital.com

Written by asiafreshnews

August 25, 2016 at 5:29 pm

Posted in Uncategorized

Anaplan achieves $100M+ revenue run-rate in first half 2016 and reaches cash flow break-even

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-Annual revenue growth of 80%+ and 95%+ retention rate
SAN FRANCISCO /PRNewswire/ — Anaplan, the leading planning and performance management platform, announced today that it has surpassed $100 million revenue run-rate and reached cash flow break-even for the first time in the company’s history since going to market four years ago. Revenue grew over 80% year-over-year, driven by new customer wins across more than 20 countries, which increased Anaplan’s global user base to 100,000. The company also reached cash flow break-even a year ahead of schedule, even as it grew its global workforce by 35% year-over-year to 600, and opened new offices in London and Hong Kong.

“The first half of 2016 has been a time of record-breaking sales results that demonstrated the impressive fundamentals of Anaplan’s business, along with increasing global demand for our planning and performance management platform,” said James Budge, Anaplan CFO and Co-President. “In addition to attracting new Global 2000 clients, we also achieved industry-high retention rates.”

From supply-and-demand balancing to financial planning and human resources modeling, Anaplan’s platform is being used by a rapidly growing number of Global 2000 companies, including: Coty, Inc., Del Monte, Gatwick Airport, Lamoda Group, Louis Vuitton, and Morgan Stanley.

“Financial planning and analysis is always at the center of attention, particularly in large organizations like ours,” said Luke Beben, CFO at Lamoda Group. “The fashion industry is very dynamic, so we were looking for a platform that could keep up with our pace and allow our business to be fully in charge of the planning processes. We chose Anaplan for its ability to deliver a single real-time, cloud-based environment for planning and optimizing anticipated business performance.”

Other 2016 highlights include:

Anaplan’s San Francisco Hub16 conference attracted more than 1,300 technology innovators, analysts, business executives, and Anaplan partners from Deloitte, Kellogg Company, P&G, Tyco International, and United Airlines.
Mary Meeker named Anaplan as a pioneer of “Organization-Wide Analytics,” one of 2016’s key enterprise trends featured in her annual Internet Trends Report.
Gartner named Anaplan a Visionary in the Strategic Corporate Performance Management Magic Quadrant1 and a Challenger in the Sales Performance Management Magic Quadrant.2
Forrester named Anaplan as a Breakout Vendor in SaaS business applications.3
Singapore CIOs voted Anaplan as the best-in-class integrated business planning platform.
Morgan Stanley presented Anaplan with the 2016 Award for Tech Innovation.
“The enterprise SaaS software market continues to grow at breakneck speeds for software solutions that are easy to use and grow over time to meet their customers’ requirements. In the enterprise planning and performance market, customers seek solutions that are both easy to use and reliable in terms of delivering accurate planning models across all aspects of their organization. This capability is core to every business function, not just finance,” commented R “Ray” Wang, principal analyst and CEO of Constellation Research.

About Anaplan

Anaplan is the leading planning and performance management platform for smart businesses. Anaplan delivers an unrivaled planning and modeling engine, predictive analytics, collaboration in the cloud, and a simple interface for business users. Anaplan is privately held company headquartered in San Francisco, CA, with offices in 15 countries. To learn more, visit anaplan.com. Follow us on: Twitter, LinkedIn, YouTube, and Facebook.

Press Contact
Anaplan – Consort Partners (North America)
(210) 382-2165
press@anaplan.com

____________________________________
1 Gartner “Magic Quadrant for Strategic Corporate Performance Management” by Chris Iervolino and John Van Decker, May 31, 2016.
2 Gartner “Magic Quadrant for Sales Performance Management” by Tad Travis, January 6, 2015.
3 Forrester “Breakout Vendors: SaaS Business Applications” by Paul Hamerman, May 10, 2016.

Source: Anaplan
Related Links:
http://www.anaplan.com/

Written by asiafreshnews

August 25, 2016 at 4:59 pm

Posted in Uncategorized

RetailNext Drives Retail IoT Market Expansion in APAC Region with Singapore Investments

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-Strategic Growth Investment from EDBI and Expanded Singapore Office Drive Asia-Pacific Regional Growth
SAN JOSE, Calif. /PRNewswire/ — RetailNext Inc., the worldwide expert and market leader in IoT retail analytics for optimizing shopper experiences at brick-and-mortar retail stores, today announced new organizational investments and a continuation of its expansive growth in the Asia-Pacific region.

Strategic Equity Investment
As a critical enabler in driving business in the Asia-Pacific region, RetailNext has secured a strategic equity investment from EDBI, headquartered in Singapore.

“RetailNext is privileged to include EDBI among its equity growth investors,” said Alexei Agratchev, co-founder and chief executive officer of RetailNext. “The opportunity to bring EDBI into our business allows us to leverage not only its deep understanding of the Singapore and APAC regional operating environment, but also its extensive technology expertise and industry knowledge as RetailNext aggressively captures new business opportunities in the region’s retail industry.”

“As a leading player in its industry, RetailNext enables consumer business owners to gain valuable insights on their customers while providing them with superior shopping experiences,” said Swee-Yeok CHU, chief executive officer and president of EDBI. “Their integrated full-suite platform with advanced real-time monitoring analytics solutions will help improve businesses’ sales performance, productivity and operational efficiency. EDBI is pleased to support RetailNext’s growth strategies to extend its footprint in Asia as it builds its data innovation and software development activities in Singapore.”

Expanded Operations in Singapore
In partnership with Newstead, RetailNext has added @Notebook to its rapidly growing portfolio of retailing customers in the Asian-Pacific region. @Notebook operates a chain of IT concept stores across Singapore for brands like Asus, Dell, Lenovo and HP. “RetailNext is one of the most comprehensive retail in-store analytic solutions we’ve seen, and we’re proud to be RetailNext’s strategic partner in this region,” said Mindy Tan, chief executive officer at Newstead.

“RetailNext is strategically focused and committed to delivering its IoT solutions to retailers in the rapidly expanding Asia-Pacific region,” said Sin Hin Wong, head of APAC at RetailNext. “Store deployments have grown over 300 percent in the last twelve months, and the expansion opportunities have led RetailNext to more than double the size of its regional offices headquartered in Singapore.”

About RetailNext
The first retail vertical IoT platform to bring e-commerce style shopper analytics to brick-and-mortar stores, brands and malls, RetailNext is a pioneer in focusing entirely on optimizing the shopper experience. Through its centralized SaaS platform, RetailNext automatically collects and analyzes shopper behavior data, providing retailers with insight to improve the shopper experience real time.

More than 300 retailers in over 60 countries have adopted RetailNext’s analytics software and retail expertise to better understand the shopper journey in order to increase same-store sales, reduce theft and eliminate unnecessary costs. RetailNext is headquartered in San Jose, CA. Learn more at http://www.retailnext.net.

About EDBI
As a premier Asian investor with over 25 years of experience, EDBI invests in knowledge and innovation-intensive sectors covering Smart & Sustainable Technology (SST), Biomedical Sciences (BMS), Information & Communication Technology (ICT) and select industry clusters under its Strategy Growth Programme (SGP). Under SST, EDBI is interested in frontier technologies like Internet-of-Things, Robotics, Augmented/Virtual Reality and Artificial Intelligence. EDBI helps to grow companies in Asia and globally through Singapore. http://www.edbi.com

RetailNext Inc. and RetailNext are trademarks of RetailNext Inc. in the United States.

Source: RetailNext Inc.
Related Links:
http://www.retailnext.net

Written by asiafreshnews

August 25, 2016 at 4:41 pm

Posted in Uncategorized

NextVR and FOX Sports to Broadcast Bundesliga Opening Match Live in Virtual Reality

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-The 54th season of the Bundesliga, Germany’s premier football competition will be broadcast live from Allianz Arena in Munich, Germany
LAGUNA BEACH, Calif. /PRNewswire/ — Continuing its relationship with FOX Sports, NextVR, the global leader in live virtual reality broadcast technology, will present the opening match of the 2016/2017 Bundesliga season in live virtual reality. Kicking off the start of one of Europe’s leading football competitions on August 26, NextVR will broadcast Bayern Munchen vs. Werder Bremen from Allianz Arena in Munich, Germany. Available to fans in select locations globally, the match is scheduled for 8:20pm CET/2:20pm EDT/11:20am PDT.

This marks the first time the Bundesliga will broadcast live to an international audience in virtual reality. This is another innovative event production for the Bundesliga, which aims to stay ahead of the curve through innovation and technology in sports. In total, seven cameras will capture action, providing pitch-level shots as NextVR continues to build a virtual reality platform that provides content for the largest fan bases around the world.

“Virtual reality will allow fans globally to experience the Bundesliga opening match on a platform they’ve never experienced,” Dr Holger Blask, Director Audiovisual Rights and Member of the Executive Committee. “The Bundesliga is excited to bring new exciting technology to live sporting events.”

The Bundesliga brings Germany’s top 18 football teams together in an annual competition for national glory and international recognition in the world’s most popular sport. Viewers will have the ability to watch a produced feed with cameras placed in the stands, along the sidelines, midfield and behind the goal, as Manuel Neuer, Philipp Lahm and Robert Lewandowski aim to kick off Bayern München’s title defense against 4-time champion Werder Bremen.

“We are thrilled to continue our relationship with FOX Sports and for the opportunity to produce a Bundesliga match,” said Brad Allen, Executive Chairman of NextVR. “We are excited about the growing diversity of NextVR’s content portfolio as we continue to provide international sports fans with a wide array of options including the opening game of the Bundesliga season.”

Football fans experiencing the match with NextVR’s unparalleled high-definition technology platform will feel inches from the action as they witness every galloping run, free kick and tackle from an unmatched vantage point. This virtual reality event includes live audio commentary by former American professional soccer player and Bundesliga player, Heath Pearce, as well as FOX Sports soccer commentator Mark Rogondino.

“The pipeline for captivating content in virtual reality keeps growing as we work with NextVR, and the Bundesliga match is an opportunity to provide fans with immersive content in the world’s most popular sport,” said David Nathanson, FOX Sports Head of Business Operations “Providing early adopters of virtual reality with content in new markets allows fans globally to be a part of the action and take their viewing experiences to the next level.”

The Bundesliga opener is the fifth major event in 2016 in which FOX Sports has teamed with NextVR to offer live virtual reality content, including the Daytona 500, a Premier Boxing Champions (PBC) title fight, the Big East college basketball tournament and the U.S. Open golf championship. The ongoing effort is a leading part of the FOX Sports Lab initiative, a designed approach to exploring technical partnerships that give viewers a fresh perspective and ad sales teams more targeted sports integrations.

With production and technical support from DFL’s production arm Sportcast and Sky Deutschland, the official Pay TV broadcast partner in Germany, Austria and Switzerland this week’s match will be available in the following markets: U.S., Canada, the Caribbean, Asia and select countries in Europe.

How to watch the Bundesliga in Virtual Reality

The virtual reality experience of the opening Bundesliga match of Bayern Munich vs. Werder Bremen will be available free in the FOX Sports portal on the NextVR platform, currently compatible with Gear VR headsets. For detailed instructions, go to NextVR.com/GO.

About FOX Sports:
FOX Sports is the umbrella entity representing 21st Century FOX’s wide array of multi-platform US-based sports assets. Built with brands capable of reaching more than 100 million viewers in a single weekend, FOX Sports includes ownership and interests in linear television networks, digital and mobile programming, broadband platforms, multiple web sites, joint-venture businesses and several licensing partnerships. FOX Sports includes the sports television arm of the FOX Broadcasting Company; FS1; FS2; Fox’s 22 regional sports networks, their affiliated regional web sites and FSN national programming; FOX Soccer Plus and FOX Soccer 2Go; FOX Deportes and FOX College Sports. In addition, FOX Sports also encompasses FOX Sports Digital, which includes FOXSports.com, FOX Sports GO, Whatifsports.com and Yardbarker.com. Also included in the Group are FOX’s interests in joint-venture businesses Big Ten Network and BTN 2Go, as well as licensing agreements that establish the FOX Sports Radio Network.

About NextVR:
NextVR enables the transmission of live, long-form virtual reality content in broadcast quality – leading the way for live and on-demand VR to become a mainstream experience for sporting events, concerts, cinematic productions and more. Launched in 2009, NextVR has more than 36 patents granted or pending for the capture, compression, transmission, and display of virtual reality content. NextVR’s platform allows the fully immersive content to be streamed with pristine quality using current home and mobile Internet connections. NextVR was founded by veterans in stereoscopic imaging technology, software development and an award-winning filmmaker. For more information, go to http://www.nextvr.com.

About Bundesliga:
One of Europe’s leading football leagues, the Bundesliga sits at the pinnacle of Germany’s club football league system. With 18 member clubs and ranking first in the world in average match attendance, the Bundesliga attracts international football stars and fans from around the world – with broadcast television access in over 200 countries. The league was formed in 1962 and is operated by the DFL Deutsche Fußball Liga (DFL).

Media Contact NextVR:
Karena Bibbins, for NextVR
Burson-Marsteller
(310) 309-6663
Karena.bibbins@bm.com

Media Contact FOX Sports:
Erik Arneson, VP Media Relations
(704) 501-5795
Erik.Arneson@FOX.com

Media Contact Bundesliga:
Eliane Zah, Head of international PR
+49 151 616 73 663
Eliane.Zaeh@bundesliga.de

Source: NextVR
Related Links:
http://www.nextvr.com

Written by asiafreshnews

August 25, 2016 at 4:34 pm

Posted in Uncategorized

Lenovo and Microsoft Deepen Strategic Ties across Devices

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REDMOND, Wash. and BEIJING /PRNewswire/ — Microsoft Corp. and Lenovo announced on Friday a deepening of their strategic relationship. Lenovo will load Microsoft’s productivity apps – including Microsoft Office, OneDrive and Skype – on select Lenovo devices that use the Android™ operating system. Lenovo expects to ship millions of these Android-based devices worldwide over the next several years. This expanded collaboration between Microsoft and Lenovo also includes a patent cross-licensing agreement that covers Lenovo and Motorola devices.

“Microsoft’s thrilled that our productivity apps will be pre-installed on Lenovo’s premium devices,” said Nick Parker, corporate vice president OEM Division, Microsoft. “The marriage of Microsoft’s apps and Lenovo’s Android-based devices will enable customers around the world to be more productive, more connected and achieve even more.”

“Our collaboration with Microsoft will create new opportunities for our customers to take advantage of some of Microsoft’s most popular apps,” said Christian Eigen, Leader of Corporate Alliances, Lenovo. “Installing Microsoft apps and services on our devices will bring additional value to consumers around the globe.”

Microsoft’s commitment to licensing IP

The patent agreement is another example of the important role intellectual property (IP) plays in ensuring a healthy and vibrant technology ecosystem. Since Microsoft launched its IP licensing program in December 2003, it has entered into more than 1,200 licensing agreements. More information about Microsoft’s licensing programs is available at http://www.microsoft.com/iplicensing.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$45 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including Motorola), tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter (@Lenovo) or visit us at http://www.lenovo.com.

About Microsoft Technology Licensing

Microsoft Technology Licensing LLC was formed in 2014 to acquire, manage and license Microsoft’s patent portfolio.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

LENOVO is a trademark of Lenovo. MOTOROLA is a trademark of Motorola Trademark Holdings, LLC. Android is a trademark of Google, Inc.

Source: Microsoft Corp.
Related stocks: HongKong:992 NASDAQ-NMS:MSFT OTC-PINK:LNVGY
Related Links:
http://www.microsoft.com

Written by asiafreshnews

August 25, 2016 at 4:24 pm

Posted in Uncategorized

New Managers at Borgward: New Director for Design Team

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-David Napoleon Genot, new Executive Design Director of Europe
STUTTGART, Germany /PRNewswire/ — Borgward Group AG is continuing to strengthen its team of experts in Germany. The company has already announced that it will be the first German automaker to create a Board of Management position for Design. Effective January 1, 2017, this position will be filled by the renowned designer Anders Warming.

With immediate effect, David Napoléon Genot (37), who holds an advanced degree in design, will join the international design team in Renningen near the company’s headquarters in Stuttgart. Here at the heart of Borgward design, Genot, a native of Belgium, will serve as the Executive Design Director of Europe. Working together with the development teams, he will play a major role in the process of designing future vehicle generations and families.

David Napoléon Genot studied design at Pforzheim University of Applied Sciences and subsequently gathered a rich store of experience in the design studios of Audi, Renault, SEAT, and Hyundai as an Exterior Designer, Senior Automotive Designer, and Creative Manager Design. His work focused on concept and series-produced vehicles such as the Pro-Cee’d 2010, the KIA Sportage 2015, and the KIA “GT” Concept 2011.

He is especially fascinated by the innovative thinking at Borgward and by the associated opportunities to translate the spirit of the company’s visionary and pioneering founder Carl F. W. Borgward into present-day terms. David Napoléon Genot is convinced that this young company with a rich tradition will be successful.

“The entire automotive industry is currently being thoroughly transformed,” he says. “That’s why I think this is the ideal point in time to work together with an expert team to reestablish Borgward vehicle design at the cutting edge of the global automotive industry.”

Further information:

Borgward Group AG
Kriegsbergstrasse 11
70174 Stuttgart, Germany
Marco Dalan
Head of Global Communications
Telephone +49-711-365-10-1041
e-mail marco.dalan@borgward.com
http://www.borgward.com

Photo – http://photos.prnewswire.com/prnh/20160823/400391

Source: BORGWARD Group AG
Related Links:
http://www.borgward.com

Written by asiafreshnews

August 25, 2016 at 4:20 pm

Posted in Uncategorized

Exegy Launches Market Data Capture and Replay Service

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ST. LOUIS /PRNewswire/ — Exegy, Inc., a leading provider of managed services and low-latency technology for market data normalization and distribution, announced today the availability of Exegy Journal Replay – a fully managed service that enables high-precision capture and scaled replay of multiple market data feeds. The managed service addresses a growing need to accurately replicate the behavior of electronic trading systems under previous market conditions, as well as to demonstrate their capacity, speed, and stability in future market conditions with higher market data rates. “The capabilities of Exegy Journal Replay allow market participants to respond to competitive pressures to reduce latency and to improve execution quality, corporate mandates to bolster system stability and to lower operational risk, and regulatory requirements to prove the capacity and resiliency of trading systems,” says chief executive officer James O’Donnell. “This offering is our response to a chorus of demand from our customers to enable precision testing of client applications and related client infrastructure that are driven by Exegy market data appliances in production environments globally,” adds O’Donnell.

Exegy Launches Market Data Capture and Replay Service
Exegy Launches Market Data Capture and Replay Service

When combined with Exegy market data appliances in a testing environment, Exegy Journal Replay enables firms to drive electronic trading systems with the same normalized market data event streams that occur in the live market environment. This allows the complete trading system to be exercised, rather than relying on piecemeal testing of individual client applications or components. Testing scenarios may be precise reproductions of previous market conditions to analyze previous trading system behavior and performance. This capability is invaluable for agency execution businesses needing to demonstrate best execution to customers and regulators, as well as market making businesses seeking to optimize the performance of quoting applications. Testing scenarios also may be high-resolution simulations of stressful market conditions with increased market data rates. This allows firms to quantify the performance of trading systems under stress, to identify maximum system capacity, and to verify the behavior of the system when data rates exceed maximum capacity. “Even if a firm is not subject to regulations such as RegSCI that require ongoing certification of system capacity and resiliency, the competitive landscape and the disruptive consequences of trading system failures compel firms to achieve this level of sophistication in the development and testing of their trading systems,” adds O’Donnell.

Exegy Journal Replay is enabled by a fully managed appliance that is deployed to a client data center and records raw market data packets from multiple real-time market data feeds supplied by the client. The standard appliance model provides storage for two weeks of contiguous raw data for typical combinations of feeds, such as all direct feeds for North American equities and commodities. The appliance assigns a timestamp to every received packet that is accurate to within 20 nanoseconds. The high-resolution timestamps allow the appliance to reproduce traffic patterns with high precision when replaying market data from multiple feeds. The appliance also supports replay scenarios that precisely scale the traffic patterns, slower or faster, relative to the recorded rate. “The ability to produce accurately scaled microbursts of raw market data while maintaining synchronization across multiple market data feeds is a differentiating feature of Exegy Journal Replay,” says chief technology officer David Taylor. “Commodity data capture and replay tools are not capable of delivering the accuracy and capacity required to test mission-critical trading systems,” adds Taylor.

Exegy Journal Replay is delivered as a managed service that includes monitoring and management of the appliance to ensure comprehensive recording of raw market data in the client’s environment. In addition, Exegy Managed Services constructs replay scenarios from a user-specified set of feeds, time ranges, and scaled rates. An easy-to-use set of web utilities allows users to select, start, and stop replay scenarios on demand. A key feature of the managed service is the orchestration of replay scenarios with Exegy market data appliances at the head of the test environment. “Synchronizing the configuration and operational state of Exegy market data appliances with user-defined replay scenarios is a complex, but essential part of staging accurate reproductions of trading system behavior,” says David Taylor. “It has always been Exegy’s mission to deliver value and minimize complexity through our managed services, and Exegy Journal Replay is our newest example of that commitment,” adds Taylor.

About Exegy, Inc.
Exegy provides best-of-breed technology and managed services for the normalization and distribution of real-time market data to a diverse set of élite firms in the financial services industry. Today Exegy serves as a strategic partner to leading exchange and ATS operators, market makers, sell-side banks, buy-side asset managers, and proprietary traders. At the heart of Exegy’s product line are purpose-built, hardware-accelerated appliances derived from an extensive portfolio of patented and patent-pending technology. For more information, please visit http://www.exegy.com and follow Exegy on LinkedIn and Twitter @ExegyMarketData.

Source: Exegy, Inc.
Related Links:
http://www.exegy.com

Written by asiafreshnews

August 25, 2016 at 4:10 pm

Posted in Uncategorized

4K TV Manufacturers Must Decide if Dolby Vision is Worth the Premium over HDR10

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SINGAPORE /PRNewswire/ — TV manufacturers are offering High Dynamic Range (HDR) enhancement in 4K TV sets to increase their market appeal, but many are still struggling to choose between one of two new standards: Dolby Vision and HDR10. As an open standard, HDR10 allows firmware updates and has the support of more manufacturers than Dolby Vision, finds ABI Research. But this may change in the months ahead, as a number of content creators, including HBO, Paramount, Sony Pictures, and Universal, rally in support of Dolby Vision.

“The winner in the HDR10 and Dolby Vision competition is not yet clear,” says Khin Sandi Lynn, Industry Analyst at ABI Research. “Dolby Vision currently supports higher light output levels than HDR10 and is better suited to adjust to different manufacturers’ displays. But its downside is that, unlike HDR10, the standard requires built-in hardware, more costly IP licensing, and involves a certification process for licensing.”

ABI Research predicts that in the battle between Dolby Vision and HDR10, one possibility will be that Dolby Vision becomes the format for streaming movie and video-on-demand delivery, while HDR10 primarily supports live event and broadcast channels. Consumers viewing content from a service supporting Dolby Vision on a non-supported TV set will likely not receive HDR signals. Instead, the TV will use color upsampling technologies to simulate the HDR brightness and saturation.

“Setting aside the fight between standards, some markets with less pervasive broadband deployments, like India, will need to perform infrastructure upgrades to support necessary bandwidth for 4K video service delivery,” concludes Lynn. “This will further help to increase the 4K TV adoption in the Asia-Pacific region in which currently only 5% of TV households own 4K sets.”

These findings are from ABI Research’s 4K and HEVC Device and Service Uptake (https://www.abiresearch.com/market-research/product/1025744-4k-and-hevc-device-and-service-uptake/). This report is part of the company’s Smart Home (https://www.abiresearch.com/market-research/practice/connected-home/) and Video, OTT, AR & VR (https://www.abiresearch.com/market-research/practice/cloud-content-ott/) sectors, which include research, data, and analyst insights.

About ABI Research

ABI Research stands at the forefront of technology market research, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company’s global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit http://www.abiresearch.com.

Contact Info: Mackenzie Gavel

Tel: +44.203.326.0142

pr@abiresearch.com

Source: ABI Research
Related Links:
http://www.abiresearch.com

Written by asiafreshnews

August 25, 2016 at 3:58 pm

Posted in Uncategorized

Land Bank of the Philippines Rolls Out Custody Operations Through a Single Unified System

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MAKATI, Philippines /PRNewswire/ — Miles Software, a technology specialist in the wealth, asset management, trust and custody space, today announced that Land Bank of the Philippines, one of the top 5 banks in the Philippines, has gone live with Money Ware Custody Solution.

Land Bank of the Philippines launched its custody operations in the country recently. This license has enabled the bank to establish a fully-equipped custodian service, offering tailored services for a wide spectrum of financial activities with a comprehensive suite of products, services and tools.

Ms. Josephine G. Cervero, Senior Vice President and Trust Officer, Land Bank of Philippines – Trust Banking Group (LANDBANK -TBG) adds, “Being one of the top five banks in the country, it is extremely important to cater to our customer experience by providing a unique value proposition. We required a solution that is robust, scalable, flexible and future-ready architecture as well as powerful functionalities such as safekeeping and reporting of all transactions to clients and their end customers. It is indeed a milestone for LANDBANK – TBG to be accredited by the Bangko Sentral ng Pilipinas to offer 3rd party security custody and registry services. LANDBANK -TBG aims to support regulatory requirements for capital development through the custody of marketable or tradable securities.

“The changing regulatory framework and the complex custody business framework requires the bank to meet global standards. MoneyWare Custody is a proven solution with high scalability and flexibility. We are sure with this deployment, the bank is well poised to leverage its existing investments in technology,” said Milan Ganatra, CEO Miles Software.

About Land Bank of the Philippines:

Landbank of the Philippines is a government financial institution with a nationwide network of 362 branches and 1,568 ATMs as on 30 June, 2016. It also ranks among the top five commercial banks in the country in terms of deposits, assets, loans and capital.

Land Bank of Philippines, – Trust Banking Group has been in the trust services business since February 18, 1975, in line with the banks social mandate of promoting countryside development and provide support services in financial transactions for capital formation and development. Equipped with its experience and expertise, balanced with prudence, diligence and top management support, LANDBANK – TBG continuous to provide effective portfolio management and prompt delivery of services to its clients.

About Miles Software

Miles Software is a global technology solutions leader in the Wealth, Asset, Trust and Portfolio Management space. The company is ranked No.1 in the prestigious IBS Sales League table 2016, a flagship rating barometer of IBS intelligence. Miles Software enables more than 300 financial services clients across 17 countries to stay ahead of the innovation curve.

Building on more than 17 years of experience, Miles Software is a techno business partner delivering excellence and value to financial services globally. Today, Miles has a market leadership in the Private Banking space and its’ flagship product MoneyWare® covers the complete life cycle of the Private Banking business including CRM, Portfolio Management, Risk Management, Revenue Management, Mobility and Client Portal. Miles also has a very strong capability in Custody, Collateral base Lending, Fund Compliance, Portfolio Risk and Performance Management.

http://www.milessoft.com

Contact
Ms. Nithya K Mahesh
VP – Marketing, Channels & Alliances
+91-8879239476
nithya.mahesh@milessoft.com

Logo – http://photos.prnewswire.com/prnh/20160405/351747LOGO

Source: Miles Software Solutions
Related Links:
http://www.milessoft.com

Written by asiafreshnews

August 25, 2016 at 3:52 pm

Posted in Uncategorized