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Author: Marie Jones

  • HKTDC twin jewellery shows conclude today

    • Nearly 30% of public visitors spend more than HK$10,000 each
    • Jewellers see travel restrictions as key business challenge

    The 37th HKTDC Hong Kong International Jewellery Show and 7th HKTDC Hong Kong International Diamond, Gem & Pearl Show, organised by the Hong Kong Trade Development Council (HKTDC), concluded today. In addition to trade buyers, the twin shows were also open to jewellery-loving public visitors for the first time this year.

    The five-day shows attracted more than 13,700 industry buyers and over 17,000 public visitors who came to explore and purchase a wide array of jewellery products. The twin shows also run online until 5 August to enable global jewellers and traders to engage in business talks via video conferencing, with more than 1,200 online meetings between exhibitors and buyers arranged. As of 29 July, the online edition of the shows recorded some 2,500 buyers exploring products and conducting business discussions online.

    The physical editions of the 37th HKTDC Hong Kong International Jewellery Show, 7th HKTDC Hong Kong International Diamond, Gem & Pearl Show and the HKTDC International Sourcing Show all drew to a successful close today.
    For the first time, this year’s jewellery shows were open to the jewellery-loving public who came to purchase quality jewellery products at competitive prices.
    Jewellery parades displayed new and unique jewellery designs.

    Recovering purchasing power creates new opportunities
    With the pandemic changing the global economy and international travel restrictions disrupting regular business travel, enterprises are looking to conduct cross-border business through both online and physical channels. Benjamin Chau, Acting Executive Director of the HKTDC, said: “An independent survey conducted on-site found that 44% of the interviewed exhibitors and buyers considered business travel restrictions during the pandemic as the biggest current challenge. On a more positive note, 31% and 19% of respondents respectively believed that the recovering purchasing power of customers and business leads driven by e-tailing would be the main source of new business opportunities this year.”

    Mr Chau continued: “The HKTDC is adopting a strategy that clearly aligns with the survey results. Addressing both exhibitors’ needs and market trends, we made a swift decision to open the twin shows to public visitors for the first time. This has enabled exhibitors to reach out to more retail clients and broaden their customer base. Also, the fact that the two shows run in a unique physical and online format for the first time has helped to create more business opportunities for traders.”

    During the shows, the HKTDC conducted an on-site survey in which more than 800 exhibitors and buyers were interviewed. The survey found that buyers and exhibitors remain cautious regarding the market outlook, with 54% of respondents expecting overall sales to decrease this year and only 29% expected sales to remain unchanged. In terms of sourcing prices and production costs, 45% of respondents said they were under more pressure. Despite this, more than half of them (54%) expected that retail prices will remain unchanged.

    Diamond jewellery items were the most popular products purchased at the shows
    Regarding the growth prospects for jewellery products in major countries and regions over the next two years, respondents considered that North America (41%), Western Europe (33%) and Hong Kong (31%) were the most promising traditional markets, while Mainland China was considered by 51% as the most promising emerging market. Hong Kong was recognised by interviewed buyers as an ideal sourcing hub, with quality (75%), use of material (73%) and services (71%) being the three most appreciated aspects.

    In terms of popular product categories, the survey found that nearly half (49%) of the respondents favoured karat-white gold, followed by karat-rose gold (42%) and karat-yellow gold (38%). Diamonds remained the most popular (54%) among all gemstones.

    Half of the respondents expected trendy fashion jewellery to have the greatest market potential. The survey also found that 28% of public visitors interviewed had spent more than HK$10,000 each on-site and that diamond jewellery items were the most popular products (51%) purchased at the shows.

    Exhibitors value jewellery shows as effective business platforms
    The twin shows were the first two physical trade fairs staged by the HKTDC since the pandemic began, creating business opportunities for exhibitors and buyers alike.

    A Hong Kong exhibitor, Just Gold Company Limited, joined the Jewellery Show for the first time this year. Arthur Tang, the company’s Managing Director, Greater China, shared that the show was an effective business platform that helped their company enhance its branding and increase market exposure. “We promoted our new designs as well as special collections for our 30th anniversary. A number of buyers approached us to enquire more about our products. We’ve already concluded some business deals and the response has been encouraging,” said Mr Tang.

    Another exhibitor, Yvonne Pong, Director, Wing Hang South Sea Pearl Company Limited, considered the Jewellery Show as the perfect place to promote their pearl jewellery collections and drive new business. “Customers love our classic designs, and jewellery with gold-coloured pearls is particularly sought after. The response has been better than expected. We’ve met some quality buyers, including a number of new customers,” she said. “The HKTDC has done an excellent job making the show a success despite the pandemic. I am confident the show will get even better, with more overseas buyers coming to source products once travel restrictions are lifted.”

    A local buyer, Edmond Chan, Head of Jewelry Asia, Luxeford Hong Kong Limited, was pleased to see the Jewellery Show being staged again. “We specialise in purchasing high-end jewellery and watches. I am here looking for partners and to find suitable products. I’ve already found an exhibitor to explore cooperation with whose jewellery collection boasts some outstanding designs,” he said.

    A host of activities were held during the two shows, including seminars on changes that the pandemic and online marketing have brought to the jewellery industry supply chain, a series of expert talks tailor-made to guide the public on the appreciation of rare-colour diamonds and pearl evaluation methods, jewellery smart bidding session, workshop, lucky draws and jewellery parades. These events not only facilitated the exchange of market intelligence among industry players, but also enhanced public knowledge about gemstones and jewellery products.

    Physical edition of International Sourcing Show ends concurrently
    The physical edition of the HKTDC International Sourcing Show also ended today, the 4-day show attracted over 14,000 buyers to attend or explore products online. To help local small and medium-sized enterprises (SMEs) grasp business opportunities, the HKTDC contacted quality buyers through its network of 50 offices worldwide and arranged close to 1,100 business matching meetings during the physical show.

    This physical edition of the International Sourcing Show was complemented by an online element, which started in March, enabling traders to stay connected both online and offline and boosting business opportunities during the pandemic.

    Fair Websites:
    – Hong Kong International Jewellery Show: https://hkjewelleryshow.hktdc.com
    – Hong Kong International Diamond, Gem & Pearl Show: https://hkdgp.hktdc.com
    – International Sourcing Show: https://isshow.hktdc.com
    – Photo download: https://bit.ly/3x6UrTR

    About the HKTDC
    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

    Media Enquiries:
    HKTDC Communications & Public Affairs Department
    Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org
    Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org

  • Showa Denko Installs Additional Lines to Produce Aluminum Heat Radiators for xEVs

    TOKYO, July 29, 2021 – (JCN Newswire) – Showa Denko K.K. (SDK; TSE:4004) decided to double Oyama Plant’s capacity to produce aluminum heat radiators for power modules (PMs)[1] to be installed in electrified vehicles (xEVs) including battery electric vehicles, hybrid vehicles and plug-in hybrid vehicles, in order to respond to an increase in demand for aluminum heat radiators for PMs. SDK has started installation of the additional production line whose start-up of operation is scheduled to be at the beginning of 2022.

    PMs are important parts of xEVs and contribute to the improvement in the performance of xEVs. For example, PMs contribute to extension of cruising range and improvement in fuel economy of cars. PMs are usually installed into limited spaces of xEVs. Therefore, heat radiators for PMs must be small, be designed to allow various installation methods, and have high energy efficiency and large heat dissipation capacity.

    Aluminum heat radiators for PMs produced by SDK adopt direct vacuum brazing[2] between insulated substrates and other parts including aluminum fins produced by SDK. Therefore, SDK’s aluminum heat radiators for PMs are small, have large heat dissipation capacity, and allow free design of coolant pipes, thereby having a multiplicity of uses. SDK started to produce aluminum heat radiators for PMs in 2019. SDK’s aluminum heat radiators are put into PMs by a large PM manufacturer in Japan, and those PMs are installed in xEVs assembled by various car manufacturers operating in Japan and other Asian countries.

    Backed by the global movement toward realization of carbon neutral society, the automobile industry is accelerating its shift toward xEVs. Therefore, the market for aluminum heat radiators for PMs is expected to expand further. SDK will develop and produce smaller high-performance aluminum heat radiators for PMs on the basis of its long-time fostered aluminum-alloy design technology, aluminum processing technology and power-module evaluation technology, and provide customers with solutions for their problems, thereby expanding its aluminum specialty components business.

    [1] Power module (PM) is a part of electronic device. It consists of several power semiconductor chips, and supplies electronic power to an electronic device. PM with good efficiency improves xEVs’ performance.
    [2] Vacuum brazing joints parts without melting basic materials. Vacuum brazing is suitable for jointing of precision parts because inside of the furnace is vacuum and fine control of inside temperature is possible.

    About Showa Denko K.K.

    Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.

    Media contact:
    Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235

  • Alphaus enters Singapore Cloud Financial Management market with Cloud Comrade win

    Alphaus enters Singapore Cloud Financial Management market with Cloud Comrade win

    Alphaus Inc. (https://alphaus.cloud/jp/), a prominent start up in the Cloud Financial Management space in Japan, has made a successful foray into the Singapore market in line with its strategic growth plans. The company will provide its suite of cloud financial management (CFM) solutions to the fast-growing Managed Services Provider (MSP) Cloud Comrade (https://cloudcomrade.com/). The overall value of Alphaus’ solutions and support, with the ability for bespoke integrations to the financial services system, were key considerations for Cloud Comrade to switch to Alphaus’ products as critical components for its business operations.

    Andy Waroma and Hajime Hirose

    Signing Cloud Comrade- the first Singapore-headquartered AWS Premier Consulting Partner that is also a Google Premier Partner and Microsoft Gold Cloud Platform partner- as a client gives Alphaus great impetus in achieving its strategic goals for the Southeast region. Its growing Global Delivery Centre in Kuala Lumpur, established last year, is a testament to the company’s commitment to provide dedicated support for the unique needs of a diverse clientele across various countries and industries in this high-potential region.

    Solving cloud financial management challenges

    Cliched as it sounds, the ‘New Normal’ is upon us with increasing clarity that it is in the cloud. According to a study by Boston Consulting Group (BCG) in 2020, the Asia Pacific- including India and Australia- is leading this charge as the adoption of the public cloud in the region outpaces that in the US and Western Europe. From a modest 3 percent of their IT spend on the public cloud in 2016, businesses in APAC are projected to spend over 10% of the IT budget on the public cloud by 2023.

    Despite the promising growth and outlook for migration to the cloud, the complexity and lack of adequate clarity into the costs of cloud infrastructure deployment present a serious challenge for businesses making or facilitating such a transition. This was highlighted in a survey of over 100 companies in Malaysia carried out last year. In the recent past, Amazon Web Services (AWS) has also highlighted this problem while recommending that companies take appropriate steps for CFM. ‘Cloud waste’ or sub-optimal utilization of cloud resources is another major pain point, preventing businesses from deriving maximum ROI on their cloud spend.

    Alphaus precisely addresses these challenges, expanding its footprint in APAC as a pioneer in simplifying billing/spend management and tackling cloud waste for companies. Its suite of user-friendly and feature-rich Software-as-a-Service products – Wave* and Ripple** — is serving as a catalyst to faster, greater, and better adoption and use of the cloud.

    Helping Cloud Comrade in its growth journey

    Cloud Comrade is one of the many companies experiencing the value of Aphaus’ solutions. The company had been on the lookout for a more effective solution and a reliable partner who could help navigate the dynamic future of cloud management to jointly deliver even greater value and a better cloud experience for their customers.

    “As a cloud Managed Services Provider, we enable several large organizations in the region with their digital transformation and migration to the cloud. It is a critical success factor for both our clients and us that we not only have complete clarity on all the costs associated with the cloud infrastructure but are also making optimum utilization of any cloud resources deployed. The SaaS solutions from Alphaus for billing management and cloud cost optimization provide us with the requisite tools, information, and intelligence to achieve these seamlessly. These tools are integral to our operations and in use 24/7. Alphaus’ Wave and Ripple go a long way in helping maximize ROI, one of the key value propositions for moving to the cloud,” said Andy Waroma, Co-Founder & Co-Managing Director of Cloud Comrade.

    “We are thrilled to have a leader like Cloud Comrade as a client and help it deliver better customer service with bespoke integrations to its financial services system,” said Hajime Hirose, CEO of Alphaus Inc. “The APAC is a digital hub that is at the cusp of unprecedented use of cloud services. Our goal is to enable every business to fully realize the value of migrating their IT infrastructure to the cloud. All change does not have to be painful. This belief explains our relentless focus on simplifying billing/spend management, helping companies realize cost and time savings, optimizing resources and consequently, directly impacting their bottom line. We are committed to continually introduce features that fulfill these objectives for our partners and clients; our strong presence and expansion in the APAC market manifests this commitment.”

    *Wave- Cloud Cost Optimization and Management
    Manages multiple AWS cloud accounts in one place, analyzes organizations’ cost and optimizes budget easily. Wave helps organizations get a clear picture of the cost of cloud infrastructure, discover wasted resources and excessive costs.

    **Ripple- Billing Management Solution for MSPs and resellers
    Recalculates AWS invoices and reallocates Reserved Instances (RIs) only to linked accounts they belong to, helping the former to accurately charge their customers. Ripple helps service providers save significant time and hassle in complex accounting and billing. Service providers can also use Ripple to plan their RI procurement strategy for maximum ROI.

    About Alphaus Inc.

    Alphaus, a VC-backed tech start-up on a mission to simplify cloud computing for everyone specializes in Cloud Financial Management (CFM) solutions. The company is focused on enabling its cloud services partners and clients to understand, manage and optimize complicated cloud spend, billings and resource allocation for maximizing ROI on their investments in the cloud. An AWS Advanced Technology Partner, Alphaus provides a suite of Software-as-a-Service solutions for multi-cloud management supporting AWS, Microsoft Azure and Google Cloud.

    Founded in 2015, Alphaus Inc. is backed by reputed investors like DNX Ventures, NTT DoCoMo Ventures, Mitsubishi UFJ Capital, Archetype Ventures, Accord Ventures and 500 Startups. The company’s roster of clients includes NTT Data, Nomura Research Institute (NRI), and ISI-Dentsu. Headquartered in Japan, Alphaus has a rapidly growing Global Delivery Centre in Kuala Lumpur, Malaysia comprising 10 team members to support its rapid expansion in the Asia Pacific and Oceania regions.

    Media Contact
    Rishanty Navaratnam, People & Administration Lead
    Tel: +60 12 952 2655
    E-mail: rishanty@alphaus.cloud

  • VFS Global opens new UAE Attestation Centres in the Philippines

    VFS Global opens new UAE Attestation Centres in the Philippines

    – From 1 July 2021, customers in the Philippines receive the services at the three new UAE Attestation Centres in Makati, Malate and Cebu
    – VFS Global serves the Embassy of the United Arab Emirates (UAE) in the Philippines to accept applications for attestation from the Embassy

    Customers in the Philippines can directly visit the UAE Attestation Centres located in Makati City, Malate in Manila and Cebu without any prior appointment for document attestation services which commenced on 1 July 2021. Services at the Centre include personal documents (Birth Certificate, Marriage Certificate etc.), educational documents (School Certificate, Diploma etc.), and commercial documents (Business Registrations, Invoices).

    Customers who are travelling to UAE or the Middle East can submit their documents in person for attestation by walk-in directly at our new centres that adhere to the stringent safety and physical distancing guidelines prescribed by the World Health Organisation and local authorities. The convenience of doorstep document collection and delivery with real-time tracking of key documents via courier will be made available soon for the residents in these three locations. The mode of payment is cash only at present. Please note that all documents submitted for attestation should already have an apostille by DFA (Department of Foreign Affairs), UAE.

    Commenting on the inauguration of the new UAE Attestation Centres, Mr Jiten Vyas, Regional Group COO, VFS Global, “We are excited to extend our long-standing partnership with the Government of the UAE to the next level through the launch of the new Attestation Centres in cooperation with the UAE Ministry of Foreign Affairs. By leveraging on our vast operations network and expertise in Attestation services globally, our newly opened UAE Attestation Centres across the Philippines will offer an enhanced experience for customers with a secure application process and with a range of Value Added Services like pick and drop, end-to-end support, courier, translation etc.”

    Key advantages of the new UAE Attestation Centre include:
    – Secured end to end process legalisation process
    – Safety of documents shared for attestation and legalisation
    – On-time processing and return of important documents

    Important information for UAE attestation services customers in the Philippines:

    As the safety of our customers and employees is our priority, VFS Global has implemented strict health and safety measures in line with Government guidelines for physical distancing at the Centres. Customers must wear a face mask/face covering to enter the premises, and a temperature reading will be required on arrival. Customers exhibiting COVID-19 symptoms, including fever (higher than 37.3 degrees Celsius), cough and difficulty in breathing, will not be allowed to proceed with their applications and be allowed to reschedule their appointments for another day.

    Customers can visit our website: http://www.vfsattestation.com/philippines/ or call our helpline number +639190615894 or email us infodvpcmnl@dubaivisa.net for more details.

    UAE Attestation Centre
    – Address in Makati City: VFS Global, Unit M01, Mezzanine Floor, Ecoplaza Building, 2305 Chino Roces Ave.Extension, Makati City, Metro Manila 1231, Philippines
    – Address in Malate: VFS Global, Ground Floor, DY International Building, San Marcelino corner Gen. Malvar St. Malate, Manila 1004, Philippines
    – Address in Cebu: VFS Global, 5th Floor Unit 503 Kepwealth Center, Samar Loop cor. Cardinal Rosales Avenue, Cebu Business Park, Cebu City 6000, Philippines
    Email id: infodvpcmnl@dubaivisa.net
    Helpline: +639190615894
    Website: http://www.vfsattestation.com/philippines/
    Submission Timing: 0900 hrs – 1300 hrs (Monday to Friday, except holidays)

    *VFS Global will be responsible only for accepting applications for client missions. All applications submitted will continue to be assessed and processed by the respective client missions. Timelines for turnaround are as per the discretion of the authorities.

    About VFS Global

    VFS Global is the world’s largest outsourcing and technology services specialist for governments and diplomatic missions worldwide. With 3523 Application Centres, operations in 143 countries across five continents and over 230 million applications processed (since inception in 2001) as on 30 June 2021, VFS Global is the trusted partner of 62 client governments. The company manages non-judgmental and administrative tasks related to applications for visa, passport and consular services for its client governments, enabling them to focus entirely on the critical task of assessment.

    VFS Global is majority-owned by the global investment organisation EQT. The Swiss-based Kuoni and Hugentobler Foundation holds a minority stake in VFS Global. EQT is a global investment organization with offices in Europe, North America and Asia-Pacific and a 27-year track record of consistent investment performance across multiple geographies, sectors, and strategies. EQT AB Group is listed on the Nasdaq Stockholm stock exchange. EQT manages and advises a range of specialized investment funds and other investment vehicles that invest across the world with the mission to generate attractive returns and future-proof companies. EQT funds’ investors do not influence portfolio companies’ decision making or strategies. Nor do they have access to private and confidential business assets or client and customer data.

    Media Contact
    Sukanya Chakraborty
    sukanyac@vfsglobal.com
    communications@vfsglobal.com

  • DigiMax Expands Global Marketing into Asia with Signing of Collaboration Deal in Hong Kong

    DigiMax Global Inc. (the “Company” or “DigiMax”) (CSE:DIGI)(OTC:DBKSF), a company that provides artificial intelligence (“AI”) and cryptocurrency technology solutions, is pleased to announce that it has signed its first collaboration agreement to expand CryptoHawk services into Hong Kong and surrounding areas.

    CryptoHawk is an Artificial Intelligence driven, price-trend prediction tool that can be profitably used by any investor interested in trading Bitcoin or Ethereum. The tool is different as it uses AI and machine learning to capture profit from the volatility of crypto currencies, rather than incur the risk of buy-and-hold investments. As previously announced by the Company, in its first full month of operation in June 2021, CryptoHawk signals achieved a 1-month, long-short return on BTC of more than 25% compared to a buy-and-hold return for the same period of a loss of 10%. In both up and down markets, CryptoHawk has the potential to deliver subscribers much higher returns when trading.

    DigiMax is collaborating with Mr. Tony Tong in Hong Kong and other Asian regions where he has substantial influence. Mr. Tong is Co-Chairman & Co-Founder of Hong Kong Blockchain Association HKBA.hk.org, Council Member of International Digital Asset Exchange Association IDAXA.org , and President of GlobalSTOx.io & APX.HK. After graduating in engineering at the University of Minnesota and spending 15 years in the United States in several leading high-tech companies, Mr. Tong returned to Hong Kong where he has held many high-profile roles a few of which include:

    – Co-Founder of Pacific Financial Services and Super Angels Ventures.
    – Frequent speaker and bilingual moderator for leading fintech, blockchain, investment banking events, including Blockchain Economic Forum Singapore, Global Gaming Expo G2EAsia, Goldman Sachs, UBS, CLSA , Morgan Stanley Asia Investment Summit, Bank of America Merrill Lynch China Investment Summit.

    The collaboration agreement between DigiMax and Mr. Tong will include the issuance of 200,000 common shares of DigiMax and an award of additional shares as he assists DigiMax in successfully completing partnering deals with exchanges or directly increasing the number of CryptoHawk subscribers in Asia.

    “We have known DigiMax and its founders since 2017 and we are impressed that they have withstood the test of time in the cryptocurrency and blockchain world,” said Tony Tong. “The CryptoHawk offering is already proving itself as an excellent tool for crypto traders to use to increase their returns and we look forward to working together to develop more markets in Asia with them.”

    “We are excited to be able to join forces with Tony Tong who we respect as a prominent leader in the crypto industry in Asia,” said DigiMax CEO, Chris Carl. “Tony has been a leader and an innovator in every facet of the blockchain and crypto currency space and we are certain that CryptoHawk can deliver a whole new level of value and power to anyone interested in trading or owning crypto currencies in their portfolio.”

    KIROBO Update

    Kirobo, a blockchain technology company into which DigiMax has made a strategic investment (see May 3, 2021 Press Release), yesterday announced it has launched its ‘P2P Swap Button’, a decentralized tool allowing cryptocurrency users to execute token swaps without having to use an exchange or custodial third party.

    By taking the swap off-exchange, the tool allows users to decide their own prices for their tokens and transact directly with peers. As a result, slippage is avoided completely.

    Asaf Naim, co-founder and CEO of Kirobo, said: “Until now, it wasn’t possible to execute a swap without losing money, because exchange algorithms adjust token prices according to the amounts put up for sale. We’re allowing people to trade without an exchange and to set their own prices, with complete security, for the first time ever.”

    Kirobo’s safe transfer platform secures transactions with an authentication key, the component parts of which are divided between the first party, the smart contract, and the Kirobo server. There’s no single point of failure, and Kirobo does not hold users’ funds at any point.

    For more information, please see Kirobo’s full press release at: bit.ly/3zHLMZW

    About DigiMax

    DigiMax is an Artificial Intelligence technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company’s engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology.

    To learn more, visit our website: https://digimaxglobal.com/

    Contact:

    Martti Kangas
    Investor Communications
    647-521-9261
    mkangas@digimax-global.com

    Chris Carl
    President & CEO
    416-312-9698
    ccarl@digimax-global.com

    Cautionary Note Regarding Forward-looking Statements
    This press release contains “forward-looking statements or information”. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the uses of our CryptoHawk.ai and CryptoDivine.ai software and their potential benefits and uses, and information about future plans, expectations and objectives of the Company.

    Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the uses, benefits and expectations of our CryptoHawk.ai and CryptoDivine.ai software. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the benefits and uses of our software, the pricing and availability of our software, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, consumer sentiment towards the Company’s products and services, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology changes on the products and industry, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

    Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

  • Moonstake Integrates Muse Finance for MUSE Lockdrop and Advanced DeFi Connectivity

    Moonstake Integrates Muse Finance for MUSE Lockdrop and Advanced DeFi Connectivity

    Moonstake is pleased to announce that we’ve integrated our DeFi application partner, Muse Finance (shortened as Muse), into the Web Wallet to bring advanced DeFi connectivity to our platform. This means that directly through the Moonstake wallet interface, you can now participate in Muse’s current lockdrops and use the DeFi applications that Muse plans to implement in the future. This will be the first time in the world that Muse will be integrated. Since the announcement of our joint entrance to DeFi in March 2021, we have been working together closely to develop and promote high-quality DeFi products that aim to resolve staking illiquidity.

    Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 5 staking providers globally. Currently, Moonstake supports 12 high-demand staking coins: Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, and IOST.

    Muse is a comprehensive DeFi platform launched in March 2021. It is working to launch various DeFi products, including a Wrapper to issue wrapped tokens for staking assets that can be used to provide liquidity to staked assets, as well as DEX (decentralized exchange) and Lending platforms to facilitate the distribution of such assets.

    A feature of Muse already implemented in the Moonstake wallet is lockdrop. Lockdrop is a common, low-risk method of token distribution mechanism in the DeFi industry without raising money while incentivizing user participation. Instead of combining the sale of tokens with assets, lockdrop sees “loss of opportunity” as collateral and distributes tokens in return for valuable losses. For more information about lockdrop, please click here (https://tinyurl.com/39rd9hve)

    Furthermore, users can also utilize the affiliate program to earn extra referral rewards by inviting others to participate in the lockdrop.

    The connection with DeFi products, which has been growing strong since last year, will further enhance the user experience of Moonstake platform. Future product launches of Muse will add liquidity to the staking assets and open the door to innovative DeFi products, all of which will be supported by Moonstake as usual.

    About Moonstake

    Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

    Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia’s burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnerships have been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan’s biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore-listed company. Industry’s reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake’s innovative journey.

    With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 1 billion. https://www.moonstake.io/

    About Muse Finance

    Muse.Finance is a Decentralized Platform where crypto users can receive staking rewards as well as participate in wrapping, swapping, lending, and yield farming to gain benefit. Its ecosystem, which consists of Muse Swap, Muse Lending, and Muse Wrap, enables a liquid PoS platform that integrates the ERC-20 DeFi Ecosystem with Ethereum 2.0. Muse.Finance also links non ERC-20 assets with the ERC-20 ecosystem, allowing owners of staked assets on platforms such as Cosmos, IRISnet, Cardano, etc. to participate in lending, liquidity mining, and yield farming. https://musefinance.io/

     

  • Mandalika Circuit could emerge as favorite in racing world: Expert

    The Mandalika Circuit in Lombok, West Nusa Tenggara, which is expected to be completed by 2022, has the potential to become a new favorite in the international racing world, an expert has said.

    “Once it is finished, this circuit will be gorgeous, and the track is flowing. This fast circuit will be the new favorite in the international racing world,” motorsport aficionado Arief Kurniawan told ANTARA last Thursday (July 22, 2021).

    Mandalika Circuit has a unique selling point: It is in the Special Economic Zone (KEK Mandalika), surrounded by beautiful beaches and the Indian Ocean.
    Dorna Sports S.L. has designated Mandalika Circuit as one of the venues for MotoGP.

    Mandalika’s developer, the Indonesian Tourism Development Corporation (ITDC), is targeting completion of the 4.3-km circuit with 17 corners to meet the specifications and pass the homologation test of the International Motorcycling Federation (FIM).

    The Mandalika Grand Prix Association, the circuit’s promoter and operator, noted that as of mid-July this year, construction work on the circuit was 81.42 percent complete. Meanwhile, work on the run-off gravel, run-off grass, north tunnel and retaining wall, outer and inner service road, and concrete barrier installation was more than 95 percent complete.

    Speaking on the construction progress, Kurniawan observed the circuit has not been able to meet FIM’s requirements since the paddock has not been built. “But even without the homologation qualification, Mandalika Circuit has been chosen by World Superbike (WSBK) to host the championship on November 14 this year, while the plan to host MotoGP had to be postponed until March next year.”

    Work on the circuit’s asphalt and track lane is expected to be finished by the end of July 2021, before FIM’s representatives inspect it for homologation, at least three months before the event, to determine the circuit’s eligibility as a venue for the world racing championship, he said.

    To meet FIM’s requirements, the asphalt, run-off, pitstop, paddock building, health facility and helipad need to be completed and a hospital provided in the surrounding area. Once completed, Mandalika Circuit will be comparable to circuits such as Sepang, Malaysia and Chang, Thailand, already well-known as MotoGP venues, Kurniawan said.

    “Because Mandalika Circuit has a unique selling point: It is in the Special Economic Zone (KEK Mandalika), surrounded by beautiful beaches and the Indian Ocean. We will also add polish to make the circuit more accessible in the next four years,” he remarked.

    Forty garages have been made available within the circuit’s paddock area and the main tribune has been prepared to accommodate 50 thousand seats, while the standing tribune will hold 138 thousand people, Kurniawan informed. The circuit will also house hospitality suites for 7,700 people.

    The paddock, main tribune, standing tribune and hospitality suites can be dismantled, and the circuit track can function as a normal roadway when there is no racing schedule, explained Kurniawan. Surrounded by panoramic hills and the beaches of South Lombok Island, the Mandalika Circuit would be the only street circuit made part of the MotoGP agenda.

    Mandalika Grand Prix Association:
    https://mandalikagrandprix.com/, https://youtu.be/0bYkZYUxW-s

    Reporters: Aditya W, Resinta Sulistiyanda
    Copyright (c) ANTARA 2021

  • JWD to acquire 20% stake in ESCO, sealing partnership with PSA

    JWD to acquire 20% stake in ESCO, sealing partnership with PSA

    • Becoming a major international shipping port operator, extending Multimodal Transportation
    • Partnering with fellow ESCO shareholder PSA Singapore, world’s largest terminal operator

    JWD InfoLogistics PLC (JWD), specialized in ASEAN logistics and supply chain solutions, announces a major investment, when on July 23 it agreed to acquire a 20% stake in ESCO, a Thai shipping container port operator and supply chain operator, with PSA Singapore, the world’s largest port operator by equity-weighted throughput, as ESCO shareholder.

    With the acquisition, JWD will become a major international container terminal operator at Laem Chabang Deep-Sea Port and inland container depot (ICD) service provider at Ladkrabang, increasing its capability for multimodal transportation services, by land, sea and rail.

    JWD InfoLogistics (SET: JWD), ASEAN top specialist in supply chain solutions, will acquire up to 20% of ESCO, the operator of international container terminals at 3 locations within Thailand’s Laem Chabang deep-sea port.

    Mr Charvanin Bunditkitsada, Executive Committee Chairman and CEO of JWD, said “This investment is in line with our 5-year strategic plan to increase capability for multimodal transportation services. On July 23, our Board of Directors authorized JWD Transport (Thailand) Company Limited, a subsidiary of JWD, to acquire 20% of the shares in Eastern Sea Laem Chabang Terminal (ESCO), a major international container terminal operator at Laem Chabang Deep-sea Port in Chonburi Province and an inland container depot (ICD) service provider at Ladkrabang. With the share acquisition, JWD also becomes a business partner of PSA, manager and operator of Singapore’s world-class transshipment hub, as PSA is also a shareholder in ESCO.

    “We consider this significant investment a major undertaking this year, to be funded by the recent issuance of debentures as well as from operating cash flow. Initially, JWD Transport will take a 15% effective share in ESCO, with an option to increase to 20% within the next 6-12 months,” Mr Charvanin said.

    ESCO currently operates international container terminals at 3 locations within the Laem Chabang Deep-Sea Port; i) ESCO (B3), where ESCO directly develops and manages a concession from the Port Authority of Thailand (PAT); ii) LCB1 (B1) terminal and iii) LCMT (A0) terminal, with ESCO a shareholder of the company that holds the concession to operate both terminals. In 2020, the three cargo terminals handled about 2 million twenty foot-equivalent units (TEUs), or 20% of the total throughput processed at the Laem Chabang Deep-Sea Port. The demand for services at the international container terminals is expected to grow continuously with the recovery of the world economy following improvements in the pandemic situation in the USA and Europe.

    ESCO is also one of 6 inland container depot (ICD) service providers at Ladkrabang handling container traffic for various shipping lines not located within Laem Chabang Port, helping reduce lead time and transportation cost. Revenue is derived from the operation of the container yard and import and export warehouses, along with Customs clearance services, and furbishing and transporting containers by land and rail – which will increase opportunity for JWD’s freight business and offering additional services to users of Ladkrabang ICD Station.

    “JWD expects to realize its share of capital gains from ESCO no later than October,” Mr Charvanin added. “The investment in ESCO will serve as an extension of our international freight port operations in Laem Chabang. With our stake in Transimex, a major logistics provider from Vietnam, incoming international shipping port service business will empower us to provide multimodal transportation services, connect a wide range of freight services including by car, rail, water, and increase the opportunity to expand our customer base from container port service and ICD Ladkrabang station service to provide a full range of logistics services.

    “JWD is already providing multimodal transportation services, such as transportation and transfer of general cargo, vehicles, hazardous cargo and chemicals, the transportation of cargo from Bangkok to the international container terminal at Laem Chabang, the lifting and transport of containers by rail from the Northeast, from the Eastern Economic Community (EEC), as well as the industries from Rayong Province to Laem Chabang Port. Therefore, this investment will help to expand our customer base as well as both our Bangkok-to-Laem Chabang and ICD Ladkrabang-to-Laem Chabang transportation services. Also significant is the provision for using the cargo traffic data from Laem Chabang international port to further develop our logistics capabilities,” Mr. Charvanin concluded.

    Visit: JWD InfoLogistics PLC (SET: JWD); Bloomberg: JWD.TB, Reuters: JWD.BK; https://jwd-group.com/en/.
    Media: Yuttachai Praikanahok, MT Multimedia for JWD, T: +66 9 1736 2866, E: yuttachai.p@mtmultimedia.com

  • Motul powers Honda motorbikes to a weekend full of victories

    Motul and Honda enjoyed a long standing relationship, working together to develop superior racing grade engine oils for Honda motorbike engines. Over the July 17 and 18 weekend, Honda racing teams showcased how this collaboration with the French oil manufacturer has resulted in amazing results. F.C.C. TSR Honda France took their first win of the FIM Endurance World Championship 2021 season at the 12 Hours of Estoril in Portugal. Similarly, Motul-powered Team HRC secured the overall victory at MXGP of The Netherlands. It was an incredible weekend to celebrate for Motul, helping Honda achieve success across multiple championships.

    The FIM EWC witnessed spectacular racing as the series shifted to the famous Cicuito do Esotril on the Portuguese Riviera. Notwithstanding some of the hottest temperatures of the year, F.C.C. TSR Honda France rose to the occasion and secured an emphatic win. Honda’s collaboration with Motul over the last few decades has led to the development of the Motul 300V Factory Line Racing Kit Oil 2376H 0W-30 ESTER Core®, engineered specifically for the CBR1000RR engine. The Honda EWC bike has proved to be highly compatible with this lubricant, delivering superior power output without compromising reliability. The 300V lubricant helped keep the CBR1000RR-R Fireblade SP reliable for more than 400 laps. The other Motul-powered Honda team, National Motos, was able to take a well-deserved podium finish in the Superstock class. They were also awarded the Dunlop Independent Trophy for a second race running. The strong results of both Honda teams was a testament to the performance the Motul 300V can deliver.

    The fourth round of the FIM MXGP in The Netherlands took place in Oss on Sunday. Tim Gasjer from Team HRC went into the weekend as the championship leader. Motul has enjoyed a fruitful partnership with Team HRC, providing them with lubricants for the highly demanding Motocross competition and achieving championship success over the previous years. Team HRC’s CRF450RW uses the Motul 300V Factory Line Off Road 5W-40 4T to ensure high performance and reliability throughout the race. The lubricant is able to perform at high RPM levels and protects the bike engine from shocks and stress experienced in the dirt racing competition. Tim Gasjer achieved P3 in the first race and P2 in the second race, awarding him the overall victory for the weekend and extending his championship lead.

    Motul’s association with Honda is the perfect example of the French company’s philosophy of developing and testing products in a racing application before making it available to a wider customer base. The high performance characteristic of the 300V has been detrimental to the championship success the lubricant has been able to attain for so many years, powering numerous teams to victory. Motul continues to work with OEMs to improve and innovate their products, providing the best results for their customers. The Honda teams’ achievements over the third weekend of July proved once again how well Motul 300V works to provide performance.

    FIM EWC QUALIFYING RESULTS

    #5 F.C.C TSR Honda France CBR1000RR – P3 in EWC class, P3 Overall (1:39.309)
    Josh Hook | Yuki Takahashi | Mike Di Meglio

    #55 National Motos CBR1000RR – P4 in Superstock class, P13 Overall (1:41.233)
    Stéphane Egea | Guillaume Antiga | Enzo Boulom

    FIM EWC RACE RESULTS

    #5 F.C.C TSR Honda France CBR1000RR – P1 in EWC class, P1 Overall (417 laps completed, Fastest Lap – 1:39.801)
    Josh Hook | Yuki Takahashi | Mike Di Meglio

    #55 National Motos CBR1000RR – P2 in Superstock class, P9 Overall (407 laps completed, Fastest Lap – 1:41.171)
    Stéphane Egea | Guillaume Antiga | Enzo Boulom

    FIM MXGP RACE RESULTS

    #243 Team HRC CRF450RW – P3 in Grand Prix Race 1 (20 Points), P2 in Grand Prix Race 2 (22 Points), P1 Overall (42 Points)
    Tim Gajser

    ABOUT MOTUL

    Motul is a world-class French company specialised in the formulation, production and distribution of high-tech engine lubricants (two-wheelers, cars and other vehicles) as well as lubricants for industry via its Motul Tech activity.

    Unanimously recognised for more than 150 years for the quality of its products, innovation capacity and involvement in the field of competition, Motul is also recognised as a specialist in synthetic lubricants. As early as 1971, Motul was the first lubricant manufacturer to pioneer the formulation of a 100% synthetic lubricant, issued from the aeronautical industry, making use of esters technology: 300V lubricant. 2021 marks the 50th anniversary of the Motul 300V.

    Motul is a partner to many manufacturers and racing teams in order to further their technological development in motorsports. It has invested in many international competitions as an official supplier for teams in: Road racing, Trials, Enduro, Endurance, Superbike, Supercross, Rallycross, World GT1, 24 Hours of Le Mans (cars and motorcycles), 24 Hours of Spa, Le Mans Series, Andros Trophy, Paris-Dakar, 8 Hours of Suzuka, Bol d’Or, Daytona 200-mile motorcycle race.

    MOTUL Asia Pacific Pte. Ltd
    1A International Business Park, #06-03
    Singapore 609933
    www.motul.com

     

  • Singapore cord blood bank Cryoviva establishes footprint in the UAE

    Singapore cord blood bank Cryoviva establishes footprint in the UAE

    Family cord blood bank Cryoviva Singapore is pleased to announce that it has made a successful foray into the UAE market in line with its strategic growth plans. After 7 years of serving young families in Singapore, the expansion into Dubai and the other Emirates in the UAE is an important milestone for Cryoviva.

    Rajesh Nair, CEO of Cryoviva Singapore

    “This is an important step in our journey, fulfilling our mission to give every family the chance to benefit from the medical potential of cord stem cells should they need it. That we have been able to attract young families in the UAE to trust us with their baby’s precious cord blood is not only a testament to our credentials as a company, but also to Singapore’s reputation for world-class facilities and strict adherence to high-quality standards. We invite healthcare providers offering maternity services to collaborate with us to provide even greater service to their valued patients,” said Rajesh Nair, CEO of Cryoviva Singapore.

    “While we continue with our growth efforts in several other countries – both in the ASEAN region as well as in the Middle East, I would also like to reiterate our commitment to serving families in Singapore. We believe that there is still considerable potential for family cord blood banking services to grow in a developed and discerning market like Singapore. We also look forward to contributing to further our city’s position as a great destination to avail of world-class healthcare services.”

    About Cryoviva Singapore

    Established in 2014, Cryoviva (https://cryoviva.com.sg) is a well-regarded family cord blood bank in Singapore. The company is part of an international group backed by multinational investors. The Cryoviva group has successfully stored over 160,000 cord blood units. Cryoviva’s cord blood storage facility in Singapore is MoH-licensed, AABB accredited and IS ISO 9001:2015 QMS Certified, testaments to the stringent processes and quality standards that it adheres to. With its central location and proximity to most major maternity hospitals in Singapore, cord blood samples reach our facilities quickly and efficiently to ensure top quality maintenance upon storage.

    Media Contact:
    Krish Sharma, General Manager
    Cryoviva Singapore,
    Tel: +65-9651 7080
    E-mail: krish@cryoviva.com.sg