Teledyne Princeton Instruments unveils new series of CCD cameras for OEM

KUALA LUMPUR, March 31 -- Teledyne Princeton Instruments, a Teledyne Technologies company, has announced the release of LANSIS—a new spectroscopy detector designed specifically for original equipment manufacturers (OEM) and system integrators.

According to a statement, LANSIS cameras represent the latest in CCD array detector technology specifically tailored to OEMs.

Product manager at Teledyne Princeton Instruments, Michael Case notes: “LANSIS camera development was driven by OEM requirements, and is designed to offer the highest reliability, performance, sensitivity, for easy integration into OEM platforms; and with competitive OEM pricing.”

LANSIS is targeted to instruments with techniques including Raman, optical emissions spectroscopy (OES), fluorescence, and photoluminescence (PL).

This camera is ideal for a broad range of clinical and analytical equipment including in-vivo imaging, life science research, cancer detection, pharmaceuticals, drug discovery, material science, failure analysis for microelectronics, and more.

The LANSIS family of high-performance detectors includes a variety of CCD sensor sizes and technologies for spectroscopy and scientific imaging, including back-illuminated, deep-depletion, EMCCD, and square-format sensors.

Other sensor formats are available to accommodate the requirements of specific system integrators and OEMs.

-- BERNAMA

Celonis declares Process Analytics Factory's acquisition

 

KUALA LUMPUR, March 30 -- Celonis, the global leader in execution management, has announced the acquisition of Process Analytics Factory GmbH (PAF), a leading provider of process mining insights for Microsoft Power BI.

According to a statement, this acquisition will enable millions of Microsoft Power Platform users to utilise Celonis’ market leading Execution Management System (EMS) for process mining, automation, and collaboration.

“The PAF acquisition enables the millions of users of the Microsoft Power Platform to use Celonis’ unique data and intelligent insights to power analytics, automation, and collaboration,” said co-CEO and co-founder of Celonis, Alex Rinke.

Meanwhile, CEO and founder of PAF, Tobias Rother said: “This combination leverages the strength of Celonis market leadership with the foundation that PAF has created in the Microsoft Power Platform. This allows our companies to build the bridge between the Microsoft Power Platform and the Celonis Execution Management System.”

The acquisition of PAF is part of Celonis’ strategy to enable companies everywhere and in all industries to use process mining within the Celonis EMS to reveal and fix process inefficiencies. 

Celonis is committed to empowering users of the top automation, collaboration, and workflow platforms to run their businesses using Celonis’ unique process insights and intelligent, targeted actions.

The PAFnow process mining product is completely integrated into Microsoft Power BI and Microsoft Office 365 for the analysis, visualisation and optimisation of almost any process. 97 per cent of the Fortune 500, and over 260,000 companies globally, use Microsoft Power BI.

The PAFnow software capabilities will debut in Celonis Experiences at Celonis World Tour 2022.

Celonis Experiences will showcase how customers can seamlessly integrate Celonis EMS with Microsoft Power BI reporting, collaborate with Microsoft Teams, and trigger flows in Microsoft Power Automate.

-- BERNAMA

Synchronoss announces Kitamura launch of PicStorage Cloud Solution

KUALA LUMPUR, March 29 -- Synchronoss Technologies Inc (Synchronoss or the Company), a global leader and innovator in cloud, messaging and digital products and platforms, has announced that Japan’s leading multimedia retailer, Kitamura, launched a white-label version of the Synchronoss Personal Cloud under the name PicStorage.

Kitamura is one of Japan’s leading retailers offering image-related services and products, including cameras, photo printing, video dubbing, photo studio, photo books and more. The retailer has over 1,000 retail locations across the country with over 20 million paying visitors each year and approximately 10 million consumers registered in its online services.

Through this integration, Kitamura will be able to provide seamless online and retail experiences with the new PicStorage personal cloud offering.

“In addition to our carrier and service provider partners, Synchronoss is exploring new applications for our cloud platform,” said Synchronoss Japan General Manager, Yosuke Morioka in a statement.

“Our collaboration with Kitamura and their launch of PicStorage is just one example of how the Synchronoss Personal Cloud can be leveraged as a value-add service across multiple industries and verticals.”

Kitamura will offer PicStorage as a subscription-based service. It will include a branded app and access to an online portal to store, manage, and share digital content.

“The launch of PicStorage is a perfect extension of our product and services portfolio,” said Hajime Yanagisawa, Chief Digital Officer & Managing Executive Officer, Kitamura.

“Now millions of our customers will be able to safeguard their digital content in the cloud and share them with friends and family.”

In addition to Kitamura, Synchronoss has customers in the US, Europe, and Asia. For more information, visit www.synchronoss.com.

-- BERNAMA

PETRONAS PARTNERS WITH ANYBOTICS AG TO COMMERCIALISE ANYMAL X

KUALA LUMPUR, March 23 -- PETRONAS’ technology commercialisation arm, PETRONAS Technology Ventures Sdn Bhd (PTVSB) is partnering with Swiss autonomous robotics solutions specialist, ANYbotics AG to commercialise ANYmal X, an industrial inspection robot specifically designed and certified for safe usage in hazardous and potentially explosive environments.

PETRONAS has been spearheading the integration of the autonomous, legged Ex-certified (Explosive Certified) robot services with the needs of the oil and gas industry by co-developing ANYMal X with ANYbotics through joint research and development (R&D) efforts since 2019.

A commercial agreement was signed yesterday on the sidelines of the Offshore Technology Conference Asia 2022 (OTC Asia 2022) between the two parties, respectively represented by PTVSB Chief Executive Officer, Dr. Mahpuzah Abai and ANYbotics Chief Commercial Officer, Enzo Wälchli. PETRONAS Senior Vice President of Project Delivery & Technology, Bacho Pilong and ANYbotics CEO and Co-Founder, Dr. Péter Fankhauser were witnesses. The agreement marks PETRONAS’ commitment to scale ANYmal X deployment to PETRONAS’ facilities and promote the utilisation of ANYmal X across the industry up until 2025.

Dr. Mahpuzah said, “Through this strategic partnership, PETRONAS intends to capitalise new opportunities to increase technology sales to both domestic and international markets, while at the same time drive innovation in R&D to go beyond conventional applications. We are confident that this collaboration will result in a more robust ecosystem for both parties.”

Dr. Fankhauser said, “ANYmal X is a world’s first, and remarkable engineering achievement. We are thrilled about the industry-wide impact to improve the safety and efficiency of operations for our partners in the energy industry.”

Anymal X is deployable at both onshore and offshore oil and gas facilities, or at petrochemical production and processing operations. Any equipment used in these areas must be guaranteed not to cause any explosion, even in the presence of high levels of combustible substances. 

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WORLD WATER DAY 2022: MARY KAY RECOMMITS TO RESPONSIBLE, SUSTAINABLE WATER MANAGEMENT

KUALA LUMPUR, March 25 (Bernama) -- This World Water Day, Mary Kay Inc recommits to responsible and sustainable water management to ensure the ongoing availability of water as an essential resource to meet the needs of the environment and communities globally.

Water is at the heart of Mary Kay’s sustainability strategy and crucial to its manufacturing processes. Implementing good water stewardship principles is critical for Mary Kay to reach its sustainability goals, striving to ensure water use for human and economic needs does not disrupt sustainable water cycles or cause ongoing harm to nature and biodiversity.

Recent water efforts at Mary Kay facilities include: Water use at U.S. Mary Kay-owned facilities decreased 36 per cent from 2012-2017.

At Mary Kay’s manufacturing facility in Hangzhou, China, significant strides toward water conservation include reduced potable water use by 34 per cent, which saves approximately 913,480 gallons of potable water per year; reverse osmosis (RO) reject water reuse; and, wastewater treatment upgrade.

“As a global sustainability advocate, Mary Kay is dedicated to playing an important role in collective efforts to cause no harm to the environment and to ensure communities and economies prosper,” said Deborah Gibbins, Chief Operating Officer at Mary Kay Inc in a statement.

“Mary Kay will continue to build upon its progress and work toward its commitment of reducing water utilisation in our manufacturing processes by 30 per cent by the year 2030 versus a 2020 baseline per kilogram bulk produced.

“Achieving Alliance for Water Stewardship (AWS) Core Certification for Mary Kay manufacturing facilities in the U.S. and China will help move us closer to our goals.”

For more information, visit marykayglobal.com.

-- BERNAMA

Fastly is Gartner Peer Insights™ Customers' Choice for WAAP, 4th year running

KUALA LUMPUR, March 24 -- Fastly Inc announced it was named a March 2022 Gartner Peer Insights Customers’ Choice for Web Application and API Protection (WAAP) for the fourth consecutive year.

In a review completed by verified enterprise customers, Fastly Next-Gen WAF was recognised as one of the highest rated Web Application Firewall solutions among customers who have purchased, implemented, and used a WAF.

Pulled from an aggregate set of reviews, enterprise IT professionals gave Fastly Next-Gen WAF (powered by Signal Sciences) an average of 4.9 out of 5.0 stars – an exceptional overall rating in the WAAP market on Gartner Peer Insights.

“We believe the Gartner Peer Insights Voice of the Customer WAAP report reinforces what we already know - we are delivering what our customers need at a massive scale allowing them to confidentially grow their business in a secure way” said Fastly Chief Executive Officer Joshua Bixby in a statement.

With the highest overall rating (according to the March 2022 Gartner Peer Insights “Voice of the Customer” Web Application and API Protection report), Fastly received outstanding Gartner Peer Insights reviews that contributed to the company’s recognition.

These reviews include: “Fastly and its team of security experts genuinely know what it means to keep companies safe from hackers. The customer experience has been outstanding and added support is rated five stars. I would 100 per cent recommend any company join the Fastly band if you want to ensure your customer data is secure.” - Application Security Engineer, Media & Publishing Industry.

Fastly believes the March 2022 Gartner Peer Insights Customers’ Choice further validates its commitment to innovation and customer satisfaction in the WAAP market.

This month Fastly launched an edge deployment option for the industry's first and only unified WAF, now offering the most flexible deployment options for WAF solutions in the market, while protecting apps wherever they live.

More details at https://www.fastly.com.

-- BERNAMA

EVERCORE ASIA'S BEST M&A ADVISER; 5TH TIME S'PORE'S BEST M&A ADVISER - THE ASSET

KUALA LUMPUR, March 24 (Bernama) -- Evercore was recognised as the Best M&A Adviser in Asia and once again presented the Best M&A Adviser in Singapore award by The Asset magazine at its 2021 Triple A Country Awards ceremony held recently.

The Asset’s Triple A Country Awards are Asia’s pre-eminent recognition for best-in-class institutions operating within the region, according to a statement.

Chairman of Evercore’s business in Asia, Keith Magnus said: “From our inception, we have built the business from ground up and it is humbling to have been recognised as the ‘Best M&A Adviser in Asia’ and the best M&A investment banking advisory firm in Singapore for the fifth time since our official launch in 2015.

“We remain committed to delivering the most impactful advice and the most meticulous execution for our clients. These awards are dedicated to our clients and we thank them for their continued trust in us.”

Meanwhile, Chairman and Chief Executive Officer of Evercore, John Weinberg said: “I am incredibly pleased with the remarkable achievements of our Singapore team over the years and am excited by the tremendous prospects of the business as we extend our leadership position and remain the adviser of choice for clients in the region.”

The recognition as ‘Best M&A Adviser in Asia’ is a first for Evercore and this is the fifth time Evercore has received the award of ‘Best M&A Adviser in Singapore’ since 2015, the first full year that Evercore obtained its Capital Markets Services (CMS) licence from the Monetary Authority of Singapore.

Since its establishment, Evercore has advised on some of the largest, most complex and transformational transactions in Singapore, the fourth largest financial centre in the world.

Evercore provides conflict-free, expert advice to clients regarding the execution of key strategic initiatives including cross-border transactions and the deployment of strategic capital. 

The Firm’s Singapore office was established in late 2013 with the appointment of Keith Magnus as Chief Executive Officer of Evercore Singapore covering the region, and a Senior Managing Director of Evercore. 

Evercore is the leading global independent investment banking advisory firm. More details at www.evercore.com.

-- BERNAMA 

PETRONAS COLLABORATES WITH HONEYWELL ON DEVELOPMENT OF SUSTAINABILITY SOLUTIONS, OPERATIONS OPTIMISATION

KUALA LUMPUR, March 24 (Bernama) -- PETRONAS has entered into a collaboration with Honeywell on the development of carbon-neutral energy solutions in process technologies, industrial automation, and plant digitalisation of PETRONAS' operations.

The collaboration aims to strengthen operations optimisation and support emissions reduction efforts to deliver cleaner energy solutions, in support of the companies’ common sustainability goals and in line with PETRONAS’ Net Zero Carbon Emissions by 2050 (NZCE 2050) aspiration.
 
A Memorandum of Understanding (MoU) between the two companies was signed here on 22 March on the sidelines of the Offshore Technology Conference Asia 2022 (OTC Asia 2022). PETRONAS was represented by its Head of Group Technical Solutions, Project Delivery & Technology Badrul Hisham Ibrahim and Honeywell by its Vice President/General Manager of Industrial Innovation, Honeywell Connected Enterprise, Ravikrishnan Srinivasan. The signing was witnessed by PETRONAS Senior Vice President of Project Delivery & Technology, Bacho Pilong and Honeywell President of ASEAN, Norman Gilsdorf. 

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TACONIC BIOSCIENCES IMPROVES RASH2 CARCINOGENICITY TEST SYSTEM ACCESS IN ASIA-PACIFIC REGION

Four-way distribution partnership provides quality, consistent rasH2 supply to India and China, better serving global customers

RENSSELAER, N.Y., March 22 (Bernama-GLOBE NEWSWIRE) -- Taconic Biosciences, a global leader in providing drug discovery animal model solutions, has appointed Nomura Siam International Co., Ltd. (NSI) and Nomura Jimusho. Inc. (NJI) as sales agents and distributors of the rasH2 Mouse Carcinogenicity Test System in India and China, respectively. These distribution arrangements greatly improve rasH2 access for the burgeoning pharmaceutical industry in the Asia-Pacific region.

The rasH2 transgenic mouse model is the only short-term (6-month) carcinogenicity test system that is both accepted by global regulatory authorities and readily available in commercial production. Invented by the Central Institute for Experimental Animals (CIEA), the rasH2 model is widely used as an alternative to the 2-year carcinogenicity bioassay, providing a faster, more accurate test system that better aligns with Russell & Burch's 3R tenets. Taconic and CLEA Japan, Inc (CLEA) have provided validated and consistent rasH2 mice for use in North America, Europe, and Asia since 2006, though access in India and China has been limited. As drug discovery and development activity increases in India and China, access to a carcinogenicity assay that is accepted by the US Food and Drug Administration (FDA) and European Medicines Agency (EMA), as well as local authorities, is vital.

Under the new agreement, NSI serves as sales agent and distributor for India and NJI as sales agent and distributor for China. These distributors and sales agents greatly simplify the transaction process for users located in these countries. NSI and NJI will leverage CLEA and Taconic production colonies in Japan, Denmark, and the US to meet customer demand, facilitating investigator access. Taconic, CLEA, and CIEA closely monitor these colonies and perform regular functional studies using positive control compounds to assure performance critical for drug safety assessment. The arrangement also allows CLEA and Taconic to align production to meet global demand through improved visibility into rasH2 global use and needs.

“The rasH2 model has delivered on the promise of transgenic technology by demonstrating exceptional value in carcinogenicity assessment of new drugs, and the worldwide adoption of this system is a testament to its advantages in terms of speed, specificity, and total cost,” said Dr. Michael Seiler, vice president commercial products at Taconic.

"This historic collaboration ensures customers in every country have full access to the rasH2 carcinogenicity test system,” said Ryuta Nomura, CIEA chairman of the board and CEO. “This partnership will significantly increase the likelihood that all customers globally receive rasH2 as requested with minimal delay, enabling studies to be performed sooner and ultimately helping to get new life-saving medications on the market faster.”

To learn more about the rasH2 model, please call 1-888-TACONIC (888-822-6642) in the US, +45 70 23 04 05 in Europe, or email info@taconic.com. 

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A DIAMOND IS FOREVER: CLEAN ORIGIN RECEIVES TITAN'S US$20 MILLION EQUITY INVESTMENT

KUALA LUMPUR, March 23 (Bernama) -- Great Heights Inc and its subsidiary Clean Origin LLC, leading online DTC retailers of lab-grown diamonds, engagement rings and jewellery have announced a US$20 million equity investment from TCL North America Inc (TCL Inc), a wholly-owned subsidiary of Titan Company Limited - an Indian luxury products company known for manufacturing jewellery and watches - to further expand the business. (US$1 = RM4.211)

Clean Origin plans to use the funds to scale its operations, strengthen its supply chain, invest in omnichannel retail experiences, leverage cross border Indian-American synergies, and build a fortress balance sheet to further dominate the lab-grown diamond engagement ring industry.

This transaction values Great Heights Inc at approximately US$132.8 million on a pre-money valuation basis and US$152.8 million on a post-money valuation basis and creates no change of control nor direction for the company who maintains majority control.

As part of the deal, Ajoy Chawla, CEO Jewellery Division of Titan Company Limited will join Great Heights Inc board of directors; and, Titan will own approximately 13.09 per cent of the economic interest and 17.54 per cent of the voting control in Great Heights Inc.

“We are delighted to choose Titan as a partner and look forward to welcoming Mr Chawla to our board of directors,” said Alexander Weindling, Co-Founder and CEO of Clean Origin and Great Heights Inc in a statement.

“Titan brings more than simply cash to fuel our growth, but deep expertise in the international manufacturing, control, and logistics of bespoke diamond jewellry across a global platform.”

Clean Origin is on a mission to hold the diamond industry to a higher standard, with a new, environmentally conscious, and conflict-free process that gives everyone peace of mind when purchasing diamonds.

Each diamond is lab-grown using a craft that mirrors the natural growing process creating molecularly identical stones without the destructive force of mining or its murky ethics. All diamonds are 100 per cent real, 100 per cent ethical and independently certified to meet the highest standard of quality.

Clean Origin is the largest retailer of purely lab-grown diamond jewellery in the U.S.

For more information, visit www.cleanorigin.com.

-- BERNAMA

'ORBITS' SELECTED FINAL DESIGN FOR NEW COLD WAR VETERANS MEMORIAL

KUALA LUMPUR, March 23 (Bernama) -- In April last year, the Pritzker Military Museum & Library, located in Chicago, launched an international competition for the new Cold War Veterans Memorial to be built in Somers, Wisconsin, as a part of the Pritzker Archives & Memorial Park Center (PAMPC) project. 

After reviewing an impressive number of inspiring design concepts, Orbits, designed by Jenny Wu and Dwayne Oyler of Oyler Wu Collaborative in Los Angeles, California, was selected as the final design of the competition.

“Each submitted design was remarkable and very inspiring. The final decision was tough, but after much discussion, we believe that the Orbits design will truly resemble a place where everyone who contributed to the Cold War will be honoured,” said Col Jennifer Pritzker, Founder of the Pritzker Military Museum & Library in a statement.

“This memorial is special and very dear to many because people who sacrificed during this era are not recognised enough. Our goal is to make sure that our gratitude to these individuals is signified through this project.”

From its formal structure to its shaped surroundings, the memorial emerges from the ground to become an architectural tribute to Cold War veterans, embodying the dedication, optimism, and hope that is emblematic of their enduring spirit. 

Collectively, the memorial unifies these complex narratives through juxtaposition, recognising its interconnected history - one of sacrifice, triumph, and innovation.

The concept Orbits by Oyler Wu Collaborative received the unanimous recommendation of the jury as the selected design and the design team. In their summary report, the Jury said the imagery of this concept invites discovery, the setting is respectful of the site, and a variety of paths and experiences can be explored and provide a palette for interpretation.

The Design Competition was a two-stage juried process. Stage 1 was an open call to submit design concepts for the memorial. In Stage 2, the finalists evolved their concepts for the memorial to create fully defined designs.

The design challenge was to provide a conceptual design for the Cold War Veterans Memorial that embraces the mission statement, exemplifies the guiding vision, and achieves the design goals authored by the Cold War Veterans Memorial Steering Committee.

The finalists rose to the challenge and submitted designs that showed their passionate exploration of how to portray the scale and complexity of the Cold War for current and future generations.  

-- BERNAMA

NO VIRUS TRANSMISSION AT 300 STORES WITH SEOUL VIOSYS AIR PURIFYING STERILISER

KUALA LUMPUR, March 22 (Bernama) -- Seoul Viosys, a global optical semiconductor company, has provided free air purifying sterilisers applied with Violeds, its UV LED sterilisation solution technology, to more than 300 self-employed people suffering from COVID-19 pandemic.

Later, when surveyed by phone, the beneficiaries said there was no outbreak of virus transmission at their stores, according to the Seoul Viosys announcement on the 17th.

“We have provided all licences related to the air purifying sterilisers so that FDSYS can sell the Violeds solution with proven technology. Seoul Viosys will continue to uphold the principle of No Competition with Our Customers,” said Chief Executive Officer of Seoul Viosys, Lee Young-joo.

Starting in 2020, Seoul Viosys conducted the ‘Violeds Sterilization Solution Campaign’ twice in its efforts for technological contribution.

Seoul Viosys recruited participants from restaurants and government offices that accommodate more than 100 people and supplied its air sterilisation module with Violeds technology to about 200 places for free, and none of the module-installed sites experienced virus transmission.

However, because each business site had different structures of the heating and cooling equipment, it was difficult to modify the product specification to achieve an optimal sterilisation effect, according to a statement.

Therefore, Seoul Viosys invested KRW 1 billion to develop an air purifying steriliser with FDSYS, a local home appliance company, which can be used independently while increasing user convenience and sterilising a large area in a short time.

In November 2021, Seoul Viosys carried out its 3rd technology contribution project for public safety and small business owners suffering from COVID-19. Participants were recruited through the website, and the final 300 owners were given the air purifying sterilisers for free of charge.

In a survey of air purifying steriliser users, 98 per cent of those were willing to recommend the products, indicating high satisfaction among them.

More details at http://www.seoulviosys.com/en/.

-- BERNAMA

KODAK MOMENTS DECLARES 120 FORMAT GOLD 200 FILM

KUALA LUMPUR, March 22 (Bernama) -- Kodak Moments, a division of Kodak Alaris, continues the expansion of its colour film portfolio with the launch of Kodak Professional Gold 200 film in a new 120 format 5-roll pro-pack for medium format cameras to satisfy consumer demand.

“The 120 film format was introduced back in 1901 for the Brownie No 2 camera,” said Thomas Mooney, Manager Film Capture Products, Kodak Moments Division.

“Although it’s been around for 120 years, it’s still one of the most popular film formats in use today. One main reason for its popularity is that the larger film negative can be enlarged significantly without losing image quality.

“This is a great opportunity for aspiring photographers looking to make the jump from 35mm to medium format photography,” he said in a statement.

The new 120 format Kodak Professional Gold 200 is an affordable, entry-level colour film featuring an ideal combination of warm saturated colour, fine grain, and high sharpness, designed for photographers shooting at any level for daylight and flash capture.

The 120 format Gold 200 Film is now available for dealers, retailers, and distributors around the world and is intended to be priced 25 per cent lower than the comparable PORTRA and EKTAR offerings.

Kodak Moments is a leading global provider of photo products and services to retailers, consumers, and entertainment properties.

For more information, visit www.kodakprofessional.com.

-- BERNAMA

Tibetans spoilt for choice, with more fruit, vegetables on the table

 

KUALA LUMPUR, March 21 -- Sunday is a weekly shopping day for Tashi's family. As for groceries, the family is spoilt for choice, with much more than previously.

“When I was a child, dumplings and canned food were my dream feast,” said 70-year-old Tashi while shopping in Porgor Street of Lhasa, capital of southwest China's Tibet Autonomous Region.

Today, he has a variety of edible oils to choose from, while browsing at a supermarket. “I have so many choices, just to buy cooking oil, including olive oil, walnut oil, rapeseed oil, and so on.”  

According to a statement, in 1959, Tibet's total grain output was only about 180,000 tonnes.

Fast forward to 2021. Tibet’s booming express delivery enterprises changed all that for the better, with the region's grain output reaching a new high of 1.07 million tonnes, topping one million tonnes for a seventh straight year.

Meanwhile at the Yaowangshan farm produce market, approximately 300 metres west of the Potala Palace square of Lhasa, Yudron, 68, who bought some asparagus said: “In the past, when the New Year came in winter, we had to stock up on vegetables in advance, mainly radish, cabbage and potatoes. Now, I buy whatever I want.”

In another supermarket, resident Nyima picked avocados in the fruit area to make a nutritious breakfast. He said: “It was hard to buy any avocados in Lhasa six years ago, but now, I buy as much as I like.

“Thanks to Tibet's booming express delivery sector in recent years, we have more varied fruit choices such as durian, mangosteen, and loquat.”

Express delivery enterprises in Tibet handled 14.85 million parcels during 2021, up 30.4 per cent year on year, data from the local postal administration showed.

Apart from agricultural products from other parts of China, Tibet has also built plateau vegetable and fruit industry bases around its cities. Its self-sufficiency rate of vegetables in Summer and Autumn has reached 85 per cent.

-- BERNAMA

CONSUMER CREDIT CARD REWARDS VALUE EXCEEDS US$108 BILLION BY 2026 - JUNIPER RESEARCH

KUALA LUMPUR, March 21 (Bernama) -- A new Juniper Research study has found the value of global consumer credit card rewards will exceed US$108 billion by 2026; rising from US$92 billion in 2022. (US$1 = RM4.196)

According to a statement, this 15 per cent growth will be driven by an increase in adoption of co-branded credit cards by retailers to boost repeat user engagement.

The new research, Digital Loyalty Programmes: Emerging Trends, Regional Analysis & Market Forecasts 2022‑2026, predicts that the global value of credit card rewards will increase, as consumers prefer a single loyalty record, instead of multiple apps or physical cards.

The research recommends that merchants collaborate with loyalty platforms to access this omnichannel approach, or risk losing market share to better-connected competitors.

The research found that the value of consumer credit card rewards in China will grow by 18 per cent between 2022 & 2026; as consumer awareness of loyalty programmes rises in the digitally-savvy Chinese population.

In addition, the report found that the total value of personal credit card rewards will be triple that of corporate credit cards in 2026. While corporate cards are often used for travel, this significantly reduced during the pandemic, with steady growth anticipated as the situation normalises.

The research identified personal credit card reward programmes as being high value due to the extremely competitive nature of the market, which has forced reward values upwards. 

It recommends that payment providers enter into strategic partnerships with desirable retailers or brands to exploit the full potential of credit card reward schemes, or they will fall behind more appealing alternatives.

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.

-- BERNAMA

MFPC HOLDS ITS FIRST MY MONEY & ME WORKSHOP FOR 2022

KUALA LUMPUR, March 18 (Bernama) -- The Malaysian Financial Planning Council (MFPC) will hold the first of its financial planning My Money & Me virtual workshop series for 2022 on 26 March from 8:30am to 12.30 pm. YB Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz, Minister of Finance Malaysia, will officiate the launch.

The workshop is held in conjunction with Global Money Week 2022, an annual international campaign of the Organization for Economic Co-operation and Development (OECD) and recognised as a national initiative. The theme this year is Build Your Future: be smart about money!

Crucial to ensuring financial wellbeing is planning one’s finances early in life. As such, the core objective of the programme is to help youths make better financial decisions, as numerous findings of national studies have indicated Malaysian youths sorely lack effective money management knowledge. Workshops such as this will empower youths to practise positive financial behaviour and gain strong financial capability well into adulthood and their retirement years, ensuring their financial and emotional wellbeing.

The topics covered include asset protection, asset accumulation, asset management and asset distribution Speakers are from Bank Negara Malaysia, OFS and SIDREC, EPF, AKPK, SC, MTA, FIMM, LHDN and MFPC. 

The programme will not be one-off learning as MFPC has launched an e-learning portal with free access for all wanting to gain financial knowledge. This will also ensure resources are available to build their financial knowledge. 

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OSAKA GAS SINGAPORE IN FEASIBILITY STUDY ON ISLAND'S METHANATION PROJECT

KUALA LUMPUR, March 18 (Bernama) -- Osaka Gas Co Ltd (Osaka Gas) has announced its wholly owned subsidiary, Osaka Gas Singapore Pte Ltd (OGS), entering into an agreement with energy-related companies in Singapore.

The companies include City Energy Pte Ltd (as Trustee of City Energy Trust) and City-OG Gas Energy Services Pte Ltd (City-OG) to conduct a feasibility study on a methanation project in Singapore.

Methanation is a chemical reaction that converts carbon dioxide (CO2) and hydrogen to methane (synthetic methane), which is carbon neutral when converted from CO2 and green hydrogen that is produced from electrolysis powered by renewable electricity.

Synthetic methane can be distributed through existing gas infrastructure, combusted in existing gas appliances, and used to meet the market demand for high-temperature heat that cannot be generated by electricity.

According to a statement, the joint study will explore business models and conduct economic evaluation over an approximately six-month period to produce synthetic methane from low carbon hydrogen and CO2 sourced from either overseas or in Singapore.

 This study is in line with the Daigas Group Carbon Neutral Vision (CNV) announced in January last year.

 Aiming to become carbon neutral by 2050 under CNV, Osaka Gas has also been developing other methanation projects.

The projects include the methanation technical development with INPEX in Nagaoka city, Niigata prefecture, the innovative methanation (SOEC methanation) basic research to synthesise methane with a high energy conversion efficiency using renewable energy, and the joint study with ATCO Australia Pty Ltd on methanation project in Australia.

-- BERNAMA

NEW ZEALAND’S MOMENTUM LIFE LIMITED CREDIT RATINGS AFFIRMED - AM BEST

KUALA LUMPUR, March 18 (Bernama) -- Global credit rating agency, AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of ‘bbb’ (Good) of Momentum Life Limited (Momentum Life) New Zealand.

According to a statement, the outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Momentum Life’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

In addition, the ratings factor in no rating lift or drag from the company’s 100 per cent ownership by BlueInc Group Pty Limited.

AM Best expects Momentum Life’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), to remain at the strongest level over the medium term.

Despite forecast underwriting growth driving increased capital requirements, AM Best expects available capital to remain sufficient to support this planned business expansion over the medium term. 

Partially offsetting balance sheet factors include Momentum Life’s small absolute capital base, which increases its sensitivity to stress scenarios, as well as its high reliance on third-party reinsurance for risk transfer and upfront commission financing.

AM Best considers Momentum Life’s operating performance to be adequate. The company has reported operating profits over the past three fiscal years, with an average return-on-equity ratio of approximately 11 per cent over this period.

AM Best views Momentum Life’s business profile as limited, reflecting the company’s small scale as a start-up insurer and its concentration of business in New Zealand’s life insurance sector.

The products offered by Momentum Life include guaranteed acceptance funeral insurance and lump-sum life insurance products, which have a low risk profile. Momentum Life benefits from good control over its underwriting and sales practices, with all products distributed through its wholly owned subsidiary.

More details at www.ambest.com.

-- BERNAMA

ePac Flexible Packaging doubles down on growth strategy

KUALA LUMPUR, March 16 -- Established in 2016, and just six years old, ePac Flexible Packaging is doubling down on the aggressive growth strategy it has deployed since the company’s creation.

ePac will continue to focus on helping small and medium brands achieve big brand presence, recognising the importance of this sector in driving economic growth in all corners of the globe.

According to ePac’s Chief Operating Officer, Virag Patel: “Although we are navigating through uncharted waters from a global economic perspective, we continue to see broad market acceptance for our services.

“With six years of operation under our belt, we are more convinced than ever that ePac can continue to help brands of all sizes grow while being accretive to the communities we serve”.

According to a statement, 2021 was a strong year for the company, again seeing sales growth in excess of 50 per cent YoY, and an increase in production capacity of over 30 per cent.

In North America new plants were successfully opened in Portland, Toronto, and Kansas City, and internationally in the UK, France, Poland, and Australia. ePac now operates 17 plants in North America and six more in Europe and Asia Pacific.

Looking forward into 2022-2023, ePac will continue expansion in North America, adding plants in the Northeast, Midwest, Southeast, Southwest, and a second location in the Mountain region. Additionally, print and pouch making capacity will be increased in existing ePac operations.

On the international front, ePac has brought on two senior executives, Sanjit Menezes and Paul Rason to lead growth initiatives in the Asia Pacific and MENA regions. Focusing on these markets will complement ePac’s growth in Europe, overseen by Managing Director, Johnny Hobeika.

The company will also launch several new flexible packaging product lines, as well as an expanded roll-out of its connected packaging solution, ePacConnect.

-- BERNAMA

CLOUDFLARE UNVEILS API GATEWAY, INCREASES SECURITY FOR DEVICES & SYSTEMS

KUALA LUMPUR, March 17 (Bernama) -- Cloudflare Inc, the security, performance, and reliability company helping to build a better Internet, has announced the Cloudflare API Gateway, providing businesses a simple, fast, and effective way to protect and control all of their APIs (application programming interfaces).

According to a statement, Cloudflare API Gateway will simplify the process of identifying, securing, and managing APIs of any protocol on one of the world’s largest and most interconnected networks.

“APIs were never built with security in mind. Yet, today APIs are involved in nearly every app a consumer or employee touches, often carrying our sensitive personal data,” said chief executive officer and co-founder of Cloudflare, Matthew Prince.

“We’ve built next generation AI and Machine Learning engines that take API management to a new level, automatically detecting new APIs and preventing threats. 

“As with other Cloudflare products, API Gateway will do all of this at a fraction of the cost and without the latency introduced by legacy solutions.”

The world runs on APIs— phones, smartwatches, banking systems, and shopping sites all rely on APIs to communicate—and API traffic generates more than 50 per cent of all the HTTP requests on Cloudflare’s global network.

With this explosive growth, it has become more critical than ever for businesses of all sizes to have robust protection and a clear view of their API suite.

With Cloudflare API Gateway, businesses will be able to identify and stop API abuse; automatically detect unmanaged APIs; create and manage APIs directly with Cloudflare Workers; offload authentication and authorisation; and, seamlessly route, log, and measure API requests.

More details at www.cloudflare.com.

-- BERNAMA

Conagen develops high-performing debondable adhesives from natural ingredients

​KUALA LUMPUR, March 16 -- Conagen, the biotechnology innovator, has announced the development of highly sought-after debondable hot melt adhesives made byhigh-performance materials from sustainable and natural bio-molecules.

“Conagen has solved the challenges manufacturers face in seeking strong structural adhesives that are long-lasting, perform strongly, and have the valuable option for breaking the adhesion before final finishing operations to deliver perfect products,” said vice-president of chemical applications, J. McNamara.

“Conagen’s patented debondable hot melt adhesive are incredibly stronger than what is used in the market now and can outperform petroleum-based products with a sustainable advantage that saves time, cost and reduces waste.

“The unexpected boost in performance comes from Conagen’s fermented ingredients already at full industrial scale.” And, "Conagen is open to discussing commercialisation opportunities with manufacturers who are interested in a new era of performance materials.”

According to a statement, adhesives offer many advantages in joining materials, including the ease of use compared to welding, sealing, distributing stress, and environmental resistance.

While the ingredients of Conagen’s hot melt adhesives are commonly found in nature, to develop sustainable debondable adhesives, Conagen leverages its precision fermentation technology to engineer a synthetic pathway independent of plant source materials, creating more efficient and sustainable bio-based ingredients than what can be achieved with chemically-synthesised versions.

Conagen’s inspiration is self-healing materials, using sustainable and natural ingredients, turning them into high-strength debondable hot melt adhesives.

The Conagen adhesive is unique as it is a cross-linked material designed with reversibility in mind that exhibits the strength of traditionally cured adhesives with the added benefit of transitioning to a flowable material after heating.

Conagen’s debondable adhesive formulation is ideal for cars, boats, planes, transportation, consumer electronics and appliances, and military and industrial applications. And Adhesives in electric vehicles (EVs) are more widespread than conventional automobiles.

More details at www.conagen.com.

-- BERNAMA

NEXUS MUTUAL JOINS 30+ DAOS ADOPTING BANCOR’S DAO TREASURY MANAGEMENT SOLUTION

 

Protocol Yield Uniquely Protected by Bancor Single-Sided Staking

• Nexus Mutual DAO will execute the single largest treasury deposit on Bancor this week, joining dozens of DAOs that have recently staked protocol treasury on Bancor.
• Bancor is emerging as the preferred DAO Treasury Management solution for DAOs seeking to build decentralized on-chain liquidity in their native token.
• The protocol’s automated Single-Sided Staking system lets DAOs provide liquidity and earn passive income in their native token fully protected from the risk of Impermanent Loss.
• Bancor has become the largest source of decentralized liquidity for major tokens like LINK, SNX, BAT, ENJ, AMP, wNXM & more.
• Leading DAOs have recently deposited treasury funds on Bancor including UMA, Paraswap, KeeperDAO, WOO Network DAO & BarnBridge.
• 30+ DAOs plan to stake their treasuries and offer rewards on “Bancor 3”, the protocol’s upcoming new version.

ZUG, Switzerland, March 16 (BUSINESS WIRE) — Nexus Mutual will execute the single largest DAO treasury deposit on Bancor this week, joining dozens of DAOs that have recently staked treasury funds on Bancor.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220303005706/en/

The deposit of over $2.2m wNXM comes as a growing number of top DAOs and token projects are allocating funds on Bancor, including UMA, Flexa Network (AMP), Paraswap (PSP), KeeperDAO (ROOK), Harvest Finance (FARM), Request Network (REQ), Instadapp (INST), WOO Network DAO (WOO) & more.

Bancor is emerging as the preferred DAO Treasury Management solution to generate Protocol-Owned Liquidity that is protected from Impermanent Loss. Depositors on Bancor earned over $200m in 2021, using the protocol to provide single-sided liquidity and earn passive income on over 100 integrated tokens with 100% protection from Impermanent Loss.

Bancor has become the largest source of decentralized liquidity for major tokens, accounting for 60-80% of Ethereum on-chain liquidity in tokens like LINK, SNX, BAT, ENJ, AMP, wNXM & more. Average annual yields on Bancor have ranged from 5-60% in recent months. Meanwhile, more than 30 token projects plan to provide liquidity and incentivize pools on “Bancor 3”, the protocol’s upcoming new version.

Nexus Mutual founder, Hugh Karp, said: “Bancor doesn’t require any maintenance, is battle-tested and will ultimately drive higher income to our DAO and community due to there being no Impermanent Loss. We’re able to fund our pool with wNXM-only liquidity and attract loyal token holders as long-term liquidity providers without needing to sell tokens or issue incentives.”

Nate Hindman, Contributor at Bancor, said: “We are very excited to have Nexus Mutual join the growing list of projects building sustainable decentralized liquidity for their tokens on Bancor. Both Nexus and Bancor are focused on designing decentralized solutions for risk-averse users seeking safe and reliable access to DeFi.”

DAOs stake funds on Bancor to:

• Build sustainable on-chain liquidity in their native token
• Earn safe and reliable passive income without exposing treasury funds to the risk of Impermanent Loss
• Expand token holder access to liquidity provision, creating more decentralized and robust liquidity
• Coming soon in Bancor 3: Deploy auto-compounding rewards that deepen token liquidity from day one

Learn about:

• Bancor DAO Treasury Staking
• Bancor 3

About Bancor

Bancor is the first decentralized staking protocol that lets liquidity providers earn trading fees with single-token exposure and full protection from impermanent loss. In 2017, Bancor invented the first automated market-makers (AMMs) on Ethereum. Today, it generates millions in earnings per month for depositors, offering up to 60% APR on tokens like ETH, WBTC, LINK, MATIC, SNX & more.

About Nexus Mutual

Nexus Mutual is a decentralized discretionary mutual where members come together to share risk. The protocol’s 8000+ members earn crypto yields in a much safer way by protecting them against new and evolving risks in DeFi such as technical failures, oracles attacks and hacks.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20220303005706/en/

Contact

Nate Hindman
Nate@Bancor.Network​

Source : Bancor

JOIN KOREA PACK & ICPI WEEK 2022 TO BE HELD JUNE 14 - 17, KINTEX, KOREA!

GOYANG, South Korea, March 15 (Bernama-BUSINESS WIRE) -- KOREA PACK and ICPI WEEK (Int’l Cosmetic and Pharmaceutical Industry Week), the largest packaging, cosmetic and pharmaceutical exhibition in Korea, will be held at KINTEX from June 14th to 17th as hybrid events hosted by Kyungyon Exhibition Corp.

KOREA PACK 2022 will cover such main product groups as Packaging Machinery, Packaging Materials & Containers, Package Printing Machines, Packaging Inspection Equipment, Packaging Processing Machinery & Equipment, Package Design, Services, Food Processing Machinery and Logistics System & Equipment. KOREA PACK is distinguished by its unique breadth of products and services and the unparalleled internationality of its exhibitors and visitors alike.

ICPI WEEK, International Cosmetic & Pharmaceutical Industry Week, consists of 6 concurrent events: The 12th Materials Handling & Logistics Exhibition (KOREA MAT), The 17th Cosmetic, Pharmaceutical, Bio Process & Technology Exhibition (COPHEX), Int’l Exhibition for Chemical Processing and Fine & Specialty Chemicals (KOREA CHEM), The 12th Korea Pharmaceutical and Bio-Pharma Exhibition (KOREA PHARM & BIO), The 16th Laboratory, Analytical Equipment & Biotechnology Exhibition (KOREA LAB) and The Cosmetic Ingredient & Technology Exhibition (CI KOREA). Through these events, visitors can see everything from the development, R&D, to production, packaging, logistics, and distribution of products.

With a scale of 1,500 companies and 3,500 booths, 80,000sqm (scheduled), KOREA PACK & ICPI WEEK is the biggest packaging, cosmetic and pharmaceutical B2B exhibition in Korea. For exhibitors, the deadline for registration is March 18, 2022. Now, it is possible to register as a visitor for free entry. 

http://mrem.bernama.com/viewsm.php?idm=42661

LIGHTCON OPENS RISE OF STARS (ROS) SILTHEREUM STAKING SERVICE

 

Rise of Stars (ROS), a mobile game developed and serviced by LightCON, opened Silthereum Staking Service. Silthereum is a new game token that can be used within the game. Silthereum Staking Service is the first DeFi service introduced for ROS tokenomics. After staking Silthereum, users will receive the tokens as rewards according to the annual percentage rate (APR). (Graphic: Business Wire)

SEONGNAM, South Korea, March 14 (Bernama-BUSINESS WIRE) -- Rise of Stars (ROS), a mobile game developed and serviced by LightCON, which is a subsidiary of WEMADE MAX (Co-CEOs: Hyunguk Chang, Gilhyung Lee) (KOSDAQ: 101730), opened Silthereum Staking Service on Mar. 11.

Silthereum is a new game token that can be used within the game. Silthereum Staking Service is the first DeFi service introduced for ROS tokenomics. After staking Silthereum, users will receive the tokens as rewards according to the annual percentage rate (APR).

To participate in the service, users stake their Silthereum by logging in to WEMIX Wallet on the staking service page prepared separately on the ROS website.

The service will last for one year from Mar. 11 2022 and, during this period, approximately 25 million Silthereums will be paid out as interests. Users can stake from one Silthereum and freely claim Silthereum from one hour after staking.

This staking service is expected to result in a general expansion of user inflow and participation in the game tokenomics and also exert a positive impact on token price stabilization in the mid to long term.

ROS is an authentic 4X blockchain game. Since the 25th of last month, it has been serviced in eight languages in around 170 countries across the world excluding Korea and China, etc. The game features not only real-time massive warfare but also elaborately designed warships and planets set in a vast universe.

Until the 18th of this month, an airdrop event will be held to mark the launch of ROS and users completing various challenges will be presented with up to 60 Silthereum tokens by lot.

ROS has started the service with eight servers at the time of the game’s official launch. However, as a huge number of users flocked in immediately after the launch, servers have been continuously added and, currently, a total of 28 servers are in operation. Additional server extension is being discussed according to the trend of user increase in the future.

Wemade offers a global blockchain platform, WEMIX, on which games of all genres can be transformed into blockchain games. Many games are currently being serviced on WEMIX, and it aims to service 100 games whose key currency is WEMIX Token prior to 2022 year-end.
 

Photos/Multimedia Gallery Available: https://www.businesswire.com/news/home/52593059/en

 

Contacts

For LightCON
Wemade Co., Ltd.
Young Ahn
+82-2-3709-2065
ay2000@wemade.com

Source: LightCON 

--BERNAMA

NAPIER FURTHER INVESTS IN EMEA AS AI-ENHANCED AML TECHNOLOGY MARKET CONTINUES GROWTH

KUALA LUMPUR, March 15 (Bernama) -- London-headquartered Napier, provider of leading anti-financial crime compliance solutions, has announced a commitment in 2022 to invest further in its EMEA operations as the market for AI-enhanced AML technology continues to grow at pace.

As part of this strategy, Graham Hogan is the new Head of Sales EMEA, while Sebastian Vedel will lead efforts in the Nordic and Baltic regions.

Napier recently appointed Royal Bank of Canada and Fenergo veteran Kevin O’Neill as Chief Revenue Officer, and Natwest alumni Will Monk as Chief Product Officer. The addition of Hogan and Vedel to the team forms part of O’Neill’s strategy to boost adoption of Napier’s next generation SaaS financial crime solutions for financial firms and regulated institutions globally.

Hogan joined Napier in London with over 15 years’ experience in senior EMEA leadership roles at firms such as Wolters Kluwer, AxiomSL, and FIS; specialising in regulatory reporting, risk management, and capital market solutions.

Meanwhile, Vedel’s former financial crime compliance roles within the Danish offices of EY and Danske Bank will help boost Napier’s presence in the Nordic and Baltic regions.

In a statement, O’Neill said: “Expanding our EMEA footprint underlines our commitment to the region. Building on our strong customer base there, we’re now placing our experts closer to key markets across the continent.

“Europe is home to some of the world's leaders in fintech, neo-banking, and payments, as well as several established banks and financial institutions. By strengthening our local presence, we will be better positioned to help our clients through digital transformation and to scale by taking advantage of the cost efficiencies and full compliance functions that our next-generation technology offers.”

Napier’s highly configurable financial crime compliance solution is used by a variety of market participants, including banks, payment providers, asset managers, asset servicers, FX specialists, insurance firms, and other regulated institutions.

Its global presence also includes offices in Sydney, Singapore, Kuala Lumpur, Dubai, London and New York.

-- BERNAMA

Jokowi gives Indonesia state-owned enterprises 1-2 years to make fundamental changes

KUALA LUMPUR, March 14 -- President Joko Widodo (Jokowi) has given a period of one to two years for state-owned enterprises (SOEs) to make fundamental changes to increase their competitiveness.

On Oct 14, 2021, Jokowi stated he was pleased to witness the clustering of container terminal operator and port development firm Pelindo into one holding, which was PT Pelabuhan Indonesia, to cut logistics costs and help improve connectivity throughout Indonesia.

According to Jokowi, the clustering forms into one great power, as it builds networking with partnerships abroad. "Through partnering with overseas companies who have networks, the (SOEs') link to all countries can become a huge power," he remarked.

Through clustering, SOE companies have shown above-standard or even excellent work performance that has contributed significantly to the state budget.

In 2019, National Development Planning Board (Bappenas) data estimated total budget for infrastructure development in the period of 2020-2024 at US$447 million or Rp6,445 trillion, and 21 per cent of them came from or supported by SOEs. In the third quarter of 2021, the total assets of SOEs reached some US$610.5 million or Rp8,767 trillion, equivalent to some 57 per cent of Indonesia's GDP. (US$1 = RM4.196).

According to a statement, there are currently, 12 sectors that 41 SOEs engage in: energy, oil, and gas; mineral and coal; insurance and pension funds services; plantations and forestry; and telecommunications and media.

Meanwhile, the tourism, logistics, and support cluster consists of Hotel Indonesia, temple tourism managing firm PT TWC, which manages the temples of Prambanan and Borobudur and Ratu Boko, and Indonesia Tourism Development Corporation (ITDC).

State-owned Bank Negara Indonesia (BNI) also announced that it relied on clustering to strengthen the distribution of smallholder business credits (KUR), as well as to help boost the productivity of Micro, Small, and Medium Enterprises (MSMEs) during the COVID-19 pandemic.

On Feb 23, three state-owned companies agreed to collaborate on building green industry clusters in Indonesia that will prioritise the efficient and effective use of sustainable resources. The three state firms are electricity company PT Perusahaan Listrik Negara (PLN), oil and gas company PT Pertamina, and fertiliser company PT Pupuk Indonesia.

-- BERNAMA

PRESTIGE BIOPHARMA'S HERCEPTIN BIOSIMILAR PHASE 3 STUDY RESULT PUBLISHED IN JAMA ONCOLOGY

KUALA LUMPUR, March 14 (Bernama) -- Prestige BioPharma Limited, a Singapore-based biopharmaceutical with operations in the USA and South Korea, has announced positive efficacy and safety results of the Phase 3 study for HD201 (TROIKA), a biosimilar to Herceptin® (trastuzumab), published in JAMA Oncology on March 4, 2022.

Prestige BioPharma Chief Executive Officer, Lisa S. Park said: “We are pleased to demonstrate HD201’s excellence through the Phase 3 study results published in JAMA Oncology” and “the company will accelerate global launch of Tuznue that can enhance affordability of trastuzumab to the patients in need.”

According to a statement, the publication highlights comparative efficacy and safety data for patients who received one-year of treatment with HD201 or referent trastuzumab and completed a median follow-up of 31 months.

The study met its primary endpoint (tpCR) and showed equivalent efficacy and comparable safety profile. The tpCR rates were 45 per cent and 48.7 per cent for HD201 and referent trastuzumab, respectively. 

The final analysis for the 3-year Event-free survival (EFS) and Overall survival (OS) results is ongoing. The preliminary results of the current final analysis indicate highly comparable 3-year EFS and OS rates for HD201 and reference trastuzumab.

Tuznue® has secured global distribution partnerships in major markets including Europe, the Middle East, South America, and Asia. It is currently under Marketing Authorization Application (MAA) review in EU EMA, Canada and South Korea.

More details at www.prestigebiopharma.com.

-- BERNAMA

TDCX REPORTS RECORD FY2021 REVENUE AND PROFIT, ADDS RECORD 20 LOGOS IN 2021

SINGAPORE, March 10 (Bernama-BUSINESS WIRE) -- TDCX Inc. (NYSE: TDCX) (“TDCX” or the “Company”), a leading high-growth digital customer experience solutions provider for technology and blue-chip companies, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021.

Full Year 2021 Financial Highlights 

· Achieved record Revenue, Profit for the year and Adjusted EBITDA¹˒³
· Total revenue of US$410.7 million, representing 27.7% year-on-year growth
· Profit for the period of US$76.8 million, representing 20.6% year-on-year growth
· Adjusted EBITDA¹˒³ of US$136.9 million, representing 29.4% year-on-year growth
· FY2021 Adjusted EBITDA margin¹˒³ of 33.3%, compared to 32.9% for FY2020 

Fourth Quarter 2021 Financial Highlights 

· Total revenue of US$114.5 million, representing 28.8% year-on-year growth
· Profit for the period of US$21.3 million, representing 7.0% year-on-year growth. This included a US$3.9 million equity-settled share-based payment expense under the TDCX Performance Share Plan, which commenced in the fourth quarter of 2021
· Adjusted EBITDA¹˒³ of US$39.9 million, representing 26.1% year-on-year growth 

Mr. Laurent Junique, Chief Executive Officer and Founder of TDCX, said, “We end the year on a high note with record revenue and earnings. In 2021, we successfully listed on the New York Stock Exchange, welcomed our highest number of new clients in a year from high-growth sectors and delivered operationally by increasing headcount by 30 per cent and expanding into new geographies. 

http://mrem.bernama.com/viewsm.php?idm=42622