News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

Blockchain Solutions Provider ChainUp Expands Global Presence with a New Office in South Korea

ChainUp

ChainUp, a global blockchain technology solutions provider, announced its expansion with a new office opening in Seoul, South Korea. While they are headquartered in Singapore, ChainUp currently has offices in Hong Kong, Japan, Canada, and the United States. With its office in South Korea, the company plans to strengthen its presence in the region and harness the market’s potential. ChainUp provides businesses with a complete suite of blockchain solutions all within one platform. Its comprehensive solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management. Since its founding in 2017, ChainUp has served more than 1,000 clients in 30 countries and regions, reaching over 60 billion end-users. Mr. Lee Sangwook, Head of Korea Office of ChainUp said, “The Web3.0 and blockchain industry in Korea is fast-growing and backed by strong government support. With our new office in South Korea, we aim to bring our comprehensive solutions to businesses in the region while fostering close partnerships with relevant stakeholders in the ecosystem to promote technological advancements and industry developments.” Mr. Sailor Zhong, Founder & CEO of ChainUp said, “To fulfil our vision of making blockchain technology more accessible for businesses around the world, we aspire to consistently grow our footprint to facilitate blockchain adoption and support businesses across different industries in their blockchain journeys to stay ahead of the technological curve.” --- End --- About ChainUp Group Founded in 2017, ChainUp is a leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management. Headquartered in Singapore and with offices around the world, the company has served more than 1,000 clients in 30 countries, reaching over 60 million end-users. For more information, please visit: www.chainup.com. Contact Details ChainUp Group Xue Zhen Yeo xuezhen.yeo@chainup.com

August 17, 2022 09:00 AM Eastern Daylight Time

Article thumbnail News Release

LanzaJet Applauds Signing into Law the Inflation Reduction Act

LanzaJet

The passage of The Inflation Reduction Act (IRA) will catalyze a new domestic Sustainable Aviation Fuel (SAF) industry to decarbonize the aviation sector. LanzaJet, Inc., a leading SAF producer, and technology provider through its proprietary Alcohol-to-Jet (ATJ) process, applauds the IRA's passage. It recognizes the critical role this legislation will play in enabling aggressive scale-up of SAF, supporting an ecosystem of innovation and transformation in aviation. The aviation industry and the Administration share a joint goal under the SAF Grand Challenge of achieving 3 billion gallons of domestic SAF production by 2030 and 100% SAF by 2050. The IRA provides critical policy tools to scale domestic SAF production to achieve these ambitious goals rapidly. LanzaJet committed in 2021 to fulfilling one-third of the U.S. target by enabling the production of 1 billion gallons of SAF by 2030 using its industry-leading technology, which converts ethanol into drop-in SAF and renewable diesel. The U.S. market provides significant access to low-carbon, sustainable feedstocks and waste sources that can be converted into ethanol and from ethanol into sustainable transportation fuels. "The U.S. is poised to lead the world in the energy transition, and this legislation is a leap forward in advancing energy security, economic development, and climate action. LanzaJet applauds Congress for leading through action, and the inclusion of a performance-based Sustainable Aviation Fuel (SAF) tax credit positions the U.S. to lead in developing a new, global sustainable fuels industry. We look forward to working with Congress and industry leaders to accelerate the transition to clean energy," stated Jimmy Samartzis, CEO of LanzaJet. He continued, "We've been at an inflection point in building this new industry. The passage of the Inflation Reduction Act allows U.S. manufacturing, agriculture, biofuel, oil and gas, aviation, and financial industries to double-down, work together, and advance the development of the sustainable fuels industry." LanzaJet has been a strong advocate and industry leader on the SAF provisions in the IRA, which includes a new performance-based SAF tax credit. This innovative feedstock and technology-neutral credit provides an incentive of up to $1.75/gallon for SAF to achieve a 100% lifecycle GHG reduction that will drive investment in the high-performing SAF technologies like ATJ, which our nation will need to decarbonize the aviation sector. Access to low-cost capital is one of the most significant barriers to the rapid deployment of SAF technologies that have been proven but not yet deployed at a commercial scale. The IRA's $245 million in complementary grant funding for SAF projects will further de-risk investment and speed the deployment of next-generation SAF technologies. LanzaJet's investors and partners recognize and applaud Congress for enacting a suite of foundational and innovative SAF policies that will ensure continued U.S. leadership in the emerging SAF industry and are already working to transform the nation's economy. LanzaJet works in collaboration with its investors, partners, and funders, including LanzaTech, Mitsui & Co, Ltd., Suncor Energy, British Airways, Shell, Microsoft, and All Nippon Airways, to develop the U.S. SAF industry. The IRA's SAF provisions will enable continued advancement and development of projects using LanzaJet's ATJ technology, over 300 million gallons of which have already been publicly announced. Upon President Biden signing this bill into law, LanzaJet's investors reinforced the importance of this legislation in building a new SAF industry and in working together to continue to expand SAF production: LanzaTech's CEO and LanzaJet Board Chair, Jennifer Holmgren, said, "This is a critical time for hard-to-abate sectors, including aviation. By enacting historic sustainable aviation fuel policies within the Inflation Reduction Act, the new tax credits and aviation grant programs will provide critical support for spurring a new domestic industry in the U.S., which can lower emissions, create new American jobs, and improve energy security and show U.S. global leadership." Mr. Toru Iijima, Chief Operating Officer of the Energy Solutions Business Unit of Mitsui & Co., Ltd., stated, "Mitsui welcomes the passage of the Inflation Reduction Act that will further support production and use of SAF in the United States. We look forward to jointly building the SAF industry in strong partnership with LanzaJet and other stakeholders and to contributing to the decarbonization of the aviation industry." Sir David King, world-renowned climate scientist, and technology leader, member of LanzaJet's Board of Directors, and former Chief Scientific Advisor to the United Kingdom and Head of the Government Office for Science, said, "The Inflation Reduction Act is a major step forward for the U.S. in combating climate change, the biggest challenge facing humanity today. The world is already experiencing extreme weather events causing enormous losses and costs. Speaking for the world, this Act is a potentially enormous step forward for the States to join Europe in taking a leading role in managing these threats and growing green economies. The SAF tax credit provisions in the Act and grant funding for SAF projects represent a critical step by the U.S. government in catalyzing the SAF industry to enable decarbonization of the aviation industry." About LanzaJet LanzaJet is a leading sustainable fuels technology company dedicated to accelerating the energy transition by embracing the circular economy. As a Sustainable Aviation Fuel (SAF) technology provider and producer with patented and proprietary technology, LanzaJet is creating an opportunity for future generations by accelerating the deployment of SAF and other clean technologies critical to addressing the climate crisis and transforming the global economy. Further information is available at https://www.lanzajet.com/. Contact Details LanzaJet Daniel Cherrin +1 313-300-0932 media@lanzajet.com Company Website https://www.lanzajet.com

August 17, 2022 07:03 AM Eastern Daylight Time

Article thumbnail News Release

LawPay Launches New Integration With End-to-End Legal Operating Platform Litify

LawPay

LawPay, the leading online payment solution for legal professionals, announced the new integration with cloud-based legal technology platform, Litify. This new integration will provide Litify customers with access to a fully integrated payment solution. This will allow these firms to improve team productivity, increase collections, and have better visibility into the full client cycle. LawPay was developed specifically for attorneys and can get professionals paid up to 39% faster. Litify is an end-to-end legal operating platform for law firms and legal departments. Litify connects all legal professionals across firms and corporate legal departments so that each party can work together in a centralized platform to achieve better business and legal outcomes. With LawPay plus Litify, users can send and receive payments from a single operating system. “We are excited to launch this new integration with Litify, and to bring automated payments onto the Litify platform for law firms of all sizes,” said Dru Armstrong, Chief Executive Officer of LawPay. “Integrating with Litify will make the payments aspect of their day even easier. Adding LawPay to an already robust platform such as Litify is sure to make law firms' day-to-day easier, all while getting paid faster.” According to market research via Cision, 70% of companies using cloud-based technology plan to increase their budgets in the near future, making cloud software solutions the new normal. Litify is ranked the #1 cloud software solution amongst enterprise firms. With this new integration, LawPay and Litify customers can expect: All-in-one management: This new integration adds payments onto the most flexible and integrated platform for lawyers, allowing users to manage every aspect in one central place Highest level of PCI compliance: LawPay exceeds the highest industry standards for Internet security and PCI Level 1 compliance Payment Transparency: Litify’s robust automation tools and dashboards will allow firms to automate payments and have transparency in real time to all collection related needs. “The opportunity to integrate LawPay with Litify is going to help our customers manage all operations on a single platform while also getting paid faster,” said Ari Treuhaft, Litify’s Chief Operating Officer. “This integration continues to build on our core vision to add transparency and automation to the legal industry and allow legal professionals to operate more efficiently and provide a better client experience.” For more information about LawPay and Litify, head here. About LawPay LawPay was developed specifically to help law firms streamline billings and collections, providing a simple, secure solution for legal clients to pay their bills. LawPay is the industry leader in legal payments, providing a cost-effective solution for more than 50,000 law firms around the country. It's available through all 50 state bars, 60+ local and specialty bars and the ABA as a vetted and approved payment solution for the legal industry. LawPay is also the ALA’s Exclusive VIP Partner for Payment Processing. Learn more at lawpay.com. About Litify Litify is the end-to-end legal operating platform that breaks down business silos to power better process, collaboration, insight, and performance. Litify is the only platform that offers tailored solutions for law firms, in-house legal teams, government agencies, and nonprofits, connecting the entire legal ecosystem to provide better business outcomes for legal teams and better legal outcomes for their clients. Built on Salesforce, Litify streamlines and automates matter and task management, document generation, timekeeping, billing, and client communications, while providing data-driven insights that allow law firms and legal teams to scale and improve their financial performance. As a proud member of Pledge 1%, Litify donates 1% of their time, money, and resources to charitable causes every year through a charitable arm Litify.org. This year, Litify was named a "soonicorn" by Tracxn Emerging Startups. To learn more about Litify, or request a personalized demo, visit www.litify.com. LawPay was developed specifically to help law firms streamline billings and collections, providing a simple, secure solution for legal clients to pay their bills. Contact Details AffiniPay Keely Leonard +1 512-368-8988 kleonard@affinipay.com Company Website https://www.lawpay.com/

August 16, 2022 09:28 AM Central Daylight Time

Article thumbnail News Release

diDNA Ranks No. 557 on the 2022 Inc. 5000 Annual List

diDNA

Today, Inc. revealed that diDNA is No. 557 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. “We’re honored to be named for the first time to this year’s Inc. 5000 list,” said Deke Hooper, CEO and co-founder of diDNA. “Our growth is a testament to diDNA’s ability to provide publishers across all industries with the cutting edge technology that’s required to successfully run a comprehensive advertising program across their entire portfolio of websites, mobile applications, and CTV channels.” The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of COVID-19. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23. “The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.” “diDNA is committed to building a culture of genuine collaboration across the ad tech industry. We’ve found significant success in collaborating with other technology platforms in order to solve industry-wide challenges,” said Troy Bubley, president and co-founder of diDNA. “That said, our growth can primarily be attributed to our team. Everyone here comes to work focused on answering one fundamental question: what can we do to help our publishers and partners grow?” diDNA delivers industry-leading results for publishers through a holistic approach to monetization including core ad technology, streamlined access to 70+ premium demand partners, and an optimization team that works with publishers to optimize their inventory. The team consists of developers, ad operations experts, and lifetime programmatic advertisers with a proven track record of successfully deploying programs that maximize ad revenue. The company’s platform optimizes programmatic ad inventory for over 50,000 websites, CTV channels and mobile applications powering over three billion daily ad requests, generating millions of dollars in revenue for publishers. diDNA is a Google MCM Program Partner, 2022 Inc. 5000 Regionals Award Winner (#39, Southeast), Prebid Partner, IAB Member, and TAG Certified company. Notable partnerships include PubMatic, Amazon (TAM and UAM), Aniview, and EX.CO, providing access to sizable new revenue streams. More about Inc. and the Inc. 5000 Methodology Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000. About Inc. The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/. Contact Details Kite Hill PR Liana Zamora +1 551-225-4942 didna@kitehillpr.com

August 16, 2022 09:00 AM Eastern Daylight Time

Article thumbnail News Release

Don’t Give This Company The Brush Off? Brüush Offers Mid-Priced Electric Toothbrush In An Interesting Market

Bruush Oral Care Inc.

While the jury’s still out on whether electric toothbrushes are more effective than manual ones, a number of companies are betting consumers will increasingly adopt them. https://profiles.smallcapsdaily.com/bruush/ The American Dental Association says both manual and electric brushes remove plaque and bacteria from teeth — so long as you’re using a proper brushing technique. More recently, the Journal of the American Dental Association published a survey that found that 13,000 out of 16,000 patients who used an electric toothbrush reported better oral health. The global electric toothbrush market size was estimated to be worth $4.3 billion in 2022 and projected to increase to just over $6 billion by 2027, according to Statista. Some are betting big with high-priced devices, while others are banking on consumers looking for value. And then there are those that fall somewhere in the middle. Koninklijke Philips N.V.’ s (NYSE: PHG) Sonicare line has a variety of options, with the least expensive starting at about $20 and the company’s most advanced electric toothbrush — which gets guidance from an app using artificial intelligence — selling for $380. Joining Philips with a lower-end offering is Quip. Starter kits for Quip’s adult electric toothbrushes start at $20. You get the handle with three-month battery life, a soft-bristle brush head and a cover. Quip will send you a new brush head and free battery every three months for $5. Brushing Off The Competition? Then there’s Brüush (NASDAQ: BRSH), which says it takes the confusion out of deciding what to buy with its $79 electric toothbrush kit. Brüush, which comes in three core colors and the seasonal colors, has six cleaning modes for every type of brusher. The company’s website says Gentle makes smiles clean and bright, while the Tongue mode keeps your mouth smelling fresh. Brüush estimates 70% of its customer base is between ages 18 and 45 years old, a group that’s under-penetrated compared to baby boomers in terms of using an electric toothbrush. This age group also consists of the first digital generations when it comes to shopping and e-commerce brand loyalty to businesses like Apple Inc. (AAPL), perhaps a positive for a company where the website accounts for the majority of sales. If you’re in the market for an electric toothbrush, Brüush says to be sure to buy one that comfortably fits inside your mouth — usually, smaller is better so you can maneuver it to make sure you’re brushing all your teeth. Looking for a brush with soft bristles that are gentle on teeth and gums to avoid irritation is a good idea — a self-timer feature also is recommended to ensure you brush the full two minutes dentists recommend. Toothbrush heads should be replaced every 12 weeks — which makes Brüush’s subscription model that sends customers three new brush heads for $18 every six months a convenient way to stay on top of changing them. By comparison, replacing brush heads for Sonicare products can cost as much as $43 for a three-pack, and the price of the Procter & Gamble Co. (NYSE: PG) Oral-B line of replacement brush heads reaches as high as $40 for a three-pack. Visit Brüush’s website to learn more about the company and its products. About Bruush Oral Care Inc. Bruush Oral Care Inc. is on a mission to inspire confidence through brighter smiles and better oral health. Founded in 2018, Brüush is an oral care company that is disrupting the space by reducing the barriers between consumers and access to premium oral care products. The Company is an e-commerce business with a product portfolio that currently consists of a sonic-powered electric toothbrush kit and brush head refills. Brüush has developed a product to make upgrading to an electric brush appealing with three core priorities in mind: (i) a high-quality electric toothbrush at a more affordable price than a comparable electric toothbrush from the competition; (ii) a sleek, countertop-friendly design; and (iii) a convenient brush head refill subscription program that eliminates the frustrating experience of purchasing replacement brush heads at the grocery/drug store. The Company is rooted in building a brand that creates relevant experiences and content, with the goal of becoming the go-to oral care brand for millennials and Generation Z.For more information on Bruush Oral Care Inc visit https://bruush.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details TraDigital IR - Colette Eymontt colette@tradigitalir.com Company Website http://www.tradigitalir.com

August 16, 2022 08:56 AM Eastern Daylight Time

Article thumbnail News Release

FountainHead RI hosting community educational panel event

1BusinessWorld

On Wednesday, August 17th, the FountainHead RI community will be hosting its second and final community educational panel event of 2022 on the future of currency and underlying technology use cases when it comes to blockchain, smart contracts and so much more. This event will be held in-person and is free to attend. “Our events, such as this one, continue to be well aligned with the topics our community is looking to learn more about. Over the years, FountainHead RI has become the gold standard for giving back, knowledge awareness, and tactical networking in Rhode Island and the broader New England area”, said Jason Dodier, co-founder of FountainHead RI. The FountainHeadRI Fall event will take place at The Guild on 461 Main Street in Pawtucket, Rhode Island. Moderator: Joan Bigham - Managing Director at Blockchain Research Institute Panelists: 1) Elizabeth (Liz) Tanner – Rhode Island Commerce Secretary 2) Brendan Quinn - Founding and Managing Partner of Cantilever Advisors. Formerly Managing Director of Strategic Capital - Silicon Valley Bank. 3) Arnell Milhouse - CEO, CareerDevs Computer Science Institute Logistics: • 5:30 pm – 6 pm, Informal Networking • 6 pm – 7 pm, Formal Panel (50 minute panel with 10 minutes Q&A) • 7 pm – 8:30 pm, Informal Networking About FountainHeadRI: An idea based on giving back, promoting growth benefiting RI, and providing leadership opportunities to both the generations before, as well as the generations to follow. FountainHead RI has grown into a community of over 1,100 rising stars and current industry and business leaders from various sectors and industries from around the country. The idea was simple: get talented, motivated and diverse individuals to come together, so that creativity could prosper and positive change could be enacted. What came out of the initial conversations and meetings, was both inspiring and motivational, and set the foundation for what would become FountainHead RI. https://www.fountainheadri.org/ Contact Details 1BusinessWorld Media Enquiries +1 212-220-6677 info@1businessworld.com Company Website https://1businessworld.com

August 15, 2022 05:59 PM Eastern Daylight Time

Image
Article thumbnail News Release

Usio It Or Lose It: How This Company Says It Is Addressing Integrated Payment Solutions Needs

USIO

E-commerce has been steadily growing for the past two decades. Sales from retail e-commerce hit $919 billion in 2021 and are projected to top $1 trillion for the first time this year. People are spending more time visiting e-commerce sites, and while Amazon.com Inc. (NASDAQ: AMZN) dominates internet traffic as tracked by monthly visits, many companies are looking to expand their online options. As retail sales and overall revenue continue to mount, companies are reportedly looking for better and more streamlined payment options that will allow them to give a better customer experience and a more organized internal revenue stream. Several financial technology companies offer payment solutions and integration. While the largest of these remains Visa Inc. (NYSE: V), others such as Block Inc. (NYSE: SQ) and PayPal Holdings Inc. (NASDAQ: PYPL) offer various benefits in the market. A Company Integrating Payment Solutions Usio Inc. (NASDAQ: USIO) is one company that reports helping companies engage more seriously with the revenue stream demands of businesses that have both a physical and e-commerce presence. A fintech company with over 20 years of experience serving a variety of verticals, Usio provides multiple solutions that are focused on streamlining the processes by which their customers accept or disburse payments— all customized directly to their clients needs. Usio says its turnkey payment solution platform is a one-stop answer to all a company’s in-going and out-going payments. Usio’s products and services include ACH, Payment Facilitation, Prepaid Card Issuing, Electronic Bill Presentment and Payment (EBPP) as well as print and mail for those who elect to remit physical bills and invoices. By providing such a comprehensive suite of financial offerings, Usio has a wide array of clients, from software companies, merchants and billers to banks, service bureaus, municipalities and card issuers. Usio is proud of its Payment Card Industry Data Security Standard (PCI DSS) level 1 certification — the highest level of compliance available. Level 1 indicates a platform with a history of safe and secure financial operations and is only awarded to companies that facilitate over 6 million safe and compliant online financial transactions annually. Usio is also Nacha Certified as a third-party sender, which the company says demonstrates compliance and internal guidelines of a higher standard. Usio reported steady revenue growth over the past several years and predicts 16% to 20% growth in 2022 over 2021. Last year, the company processed 35 million transactions, a 94% increase from 2020-2021 and processed $9.5 billion dollars, nearly three times more than the amount of payment volume processed in 2020. Usio President and CEO Louis Hoch said, “Our strategy remains to build strong relationships and lever our multi-channel distribution strategy to serve diverse end markets to expand the Usio franchise and build value for our shareholders. We have a strategy of being diverse in the industries we serve as well as in the payment channels we provide. And that strategy has generated a lot of growth and served us very well and has also created a strategic advantage over other payment companies that serve specific industries or have less payment channels. These are exciting times at Usio as we continue to introduce new, innovative solutions to the electronic payments market that has enabled us to consistently outpace market growth over the past several years.” To learn more about Usio, visit its website. Usio, Inc. is a tech-enabled payment solutions provider to merchants, billers and software companies. We provide an extensive set of tailored products to deliver world-class payment acceptance, processing, and risk/fraud management. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Usio Joe Hassett +1 484-686-6600 joeh@gregoryfca.com Company Website http://www.usio.com/

August 15, 2022 08:00 AM Eastern Daylight Time

Article thumbnail News Release

Third times the charm: OPPO wins again EISA’s ADVANCED SMARTPHONE 2022-2023 AWARD breaks new ground with the EISA IN-EAR HEADPHONES 2022-2023 AWARD

OPPO

The Find X5 Pro wins coveted EISA award for ADVANCED SMARTPHONE of the Year The Enco X2 wins EISA award for IN-EAR HEADPHONES of the Year SHENZHEN, CHINA - Media OutReach - 15 August 2022 - Today, OPPO, one of the leading manufacturers of smart devices in the world, receives two prestigious awards: the “EISA ADVANCED SMARTPHONE 2022-2023" award for the flagship handset, the OPPO Find X5 Pro, and the “EISA IN-EAR HEADPHONES 2022-2023" award for the Enco X2 earbuds. The accolades were presented by the Expert Image and Sound Association (EISA), a coalition of 59 of the most reputable consumer electronics publications in the world. Bingo Liu, President of OPPO Western Europe revealed: "We are overjoyed to receive the EISA award for the innovation of the Find X5 Pro." Winning the advanced smartphone award for third year in a row demonstrates our dedication to creating devices that exceed consumer expectations and provide premium out-of-this-world experiences. The Find X5 Pro raises the bar for smartphone imaging and premium design by incorporating industry-leading features that allow consumers to be their true selves and inspire their expression of individuality on their own terms. It’s an honour to be recognised for our efforts in upleveling the smartphone market but to also receive recognition for our latest IoT device is thrilling. Building on the momentum of the previous generation, Enco X, the Enco X2 redefines the audio experience while also serving as a fashion statement with its class-leading acoustic performance and elegant design." Paul Miller, President of EISA shared: “Incorporating a superior camera system with advanced stabilisation technology, amazing battery capacity and a premium build, the impressive OPPO Find X5 Pro is a smartphone whose features define the current state-of-the-art. Inside the glass-fronted chassis (finished in white or black ceramic) resides a 4nm octa-core Qualcomm SM8450 Snapdragon 8 Gen 1 processor, and up to 512GB storage and 12GB RAM. Combined with its 170mm LTPO 2.0 AMOLED display with dynamic 120Hz refresh rate, the Find X5 Pro offers an unbeatable specification – and with its powerful 50MP main camera complemented by a 50MP ultra-wide angle lens and 13MP telephoto lens with OIS, we rate it currently the most advanced smartphone in the world, by far.” The OPPO Find X5 Pro is the result of a decade of research and development into mobile camera systems. This has allowed OPPO to create the MariSilicon X, OPPO’s self-developed chipset, dedicated to bringing to life the beauty in front of the camera. The paradigm-shifting imaging technology made its debut within this industry-recognised smartphone powerhouse and changed the industry forever. The handset takes computational photography to the next level with a particular focus on low-light videography, where each frame has detail, clarity and dynamic range that excels in conjunction with OPPO’s 1 Billion Colour Capture technology. Paul Miller, President of EISA further added: “Key to the appeal of OPPO’s true wireless Enco X2 is the collaboration with audio specialist Dynaudio, but arguably the most important feature is an ability to record Dolby binaural stereo sound, a must-have function for modern content creators. A bold upgrade on its predecessor model, the Enco X2 features a new two-way coaxial driver arrangement, partnering an ultra-light, ultra-thin dynamic bass driver with quad-magnet planar unit that handles high frequencies to a rated 40kHz. Allied to these hardware innovations are advanced processing – including active noise cancelling – and high-quality DAC supporting 96kHz sample rates. OPPO’s earbuds feature special antibacterial tips and are dust/water resistant. This is a top-level wireless in-ear headphone mixing rich features with extremely good sound reproduction.” The OPPO Enco X2 continues to provide premium true-to-life sound quality with its collaboration with Dynaudio. It features a coaxial dual-driver design, often only seen in high-end audio products. It offers an industry-leading noise cancellation capability with a 45 dB maximum depth and a 4 kHz maximum width. The 45dB depth helps you find a quiet corner, no matter where you are – whether at work, on a bus, or even in the air. About EISA EISA, the largest independent grouping of multimedia technology specialists in the world, provides a distinctive, global perspective on the consumer electronics industry. The best impartial recommendations for purchasing consumer technology have been offered by the EISA Awards for almost 40 years. The EISA Awards are chosen every year by Expert Groups from 59 top photography, home theatre video, home theatre audio, hi-fi, in-car, and mobile electronics publications and websites in 28 different countries. Working together under the auspices of EISA, the Expert Groups are autonomous but cooperative. About OPPO OPPO is a leading global smart device brand. Since the launch of its first mobile phone - “Smiley Face” - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world. Contact Details Media Contact press@oppo.com Company Website https://oppo.com/en/proposal/

August 15, 2022 06:06 AM Eastern Daylight Time

Image
Article thumbnail News Release

Appier continues its strong growth momentum and raises full-year guidance second quarter in a row

Appier

Highlights and achievements for the second quarter of fiscal year 2022 Revenue increased to 4.4 billion yen with the highest YoY growth rate of 56% over the last three years Gross profit grew 57% YoY Revenue from the US and EMEA markets increased over 9 times YoY and represented 12% of total revenue Achieved EBITDA margin of 5% with EBITDA profit of 213 million yen Operating margin improved by 7 percentage points YoY and EBITDA margin improved by 6 percentage points YoY Achieved 30% YoY growth in customer numbers with a record high last twelve months net revenue retention of 127.3% and lowest ever customer churn rate of 0.62% Upward revision of full year forecast from 17.8 billion yen to 18.5 billion yen, with YoY revenue growth rate further accelerated to 46% from 41% Appier's second quarter performance summary TAIPEI, TAIWAN - Media OutReach - 12 August 2022 - Appier Group Inc (TSE: 4180), henceforth referred to as Appier, today announced its financial results for the second quarter of fiscal year 2022. Appier's robust growth in the second quarter was attributed to three key factors. Firstly, AI-powered solutions continue to deliver measurable returns for clients, prompting them to continue or expand their partnerships with Appier; secondly, Appier has achieved continued success in the US and EMEA given their large digital economies; and finally, substantial growth and expansion into other verticals in AsiaPacific has further deepened Appier's market presence. Appier's continuing improved sales productivity and increasing usage from existing customers drove its revenue to 4.4 billion yen, with a historic high growth rate of 56% year-on-year (YoY), and gross profit grew by 57% YoY. Sustaining the momentum from its first quarter, Appier's revenue from US and EMEA increased over 9 times YoY and represented 12% of its total revenue, a reflection of the company's expectations for robust demand and profitable growth in light of international expansion. Appier's AI technologies and product differentiations are crucial in defining and setting the pace of business growth. As more enterprises seek measurable profit returns, turning marketing spending into predictable returns solidified Appier clients' digital deployment in the industry race to adapt smarter and more effective solutions. The company's earnings before interest, taxes, depreciation and amortization (EBITDA) saw a 6 percentage points YoY improvement, while operating margin improved by 7 percentage points YoY. Robust demand from customers across different regions The growth in the number of customers adopting more than two Appier solutions, along with considerable new customer wins, demonstrates Appier's strong business resilience. Appier's recurring revenue currently constitutes over 95% of its total revenue, which drove Appier's annual recurring revenue (ARR) to 16.6 billion yen with a YoY growth rate of 53%. Emerging growth drivers across different regions will continue to fuel this momentum with more predictable business opportunities. Appier's AI technology plays an increasingly important role in privacy-focused and ROI-oriented markets. Appier's last twelve months (LTM) net revenue retention (NRR) grew to a historic high of 127.3%, with its number of customers increasing to 1,228 with a 30% YoY growth. Customer churn rate also decreased to 0.62%, the lowest in Appier history. New customers were mainly from the e-commerce and entertainment industries (34% and 25% of total new customers, respectively), driven by post-COVID demand for digital transformation and changing consumption patterns. Customers in Northeast Asia continued to account for the largest share of global revenue at 62%, followed by Greater China (19%), US and EMEA (12%) and Southeast Asia (7%). Appier's ongoing successful international expansion played an instrumental role in its growth this quarter. This remarkable growth can be attributed to the US and EMEA's position as the world's largest digital economies, along with increased product offerings and a bigger total addressable market (TAM). Further expansion to top-tier customers in other verticals also deepened Appier's market presence. Profitable growth in the second half of 2022 Appier revised up its guidance for the fiscal year to reflect its outperformance in the second quarter, forecasting 18.5 billion yen total revenue for the year, with YoY revenue growth rate further accelerated to 46% from 41%. A profitable second half of the year is expected given stronger revenue growth and better operating leverage. Appier's recession-proof offerings, higher business resilience and larger TAM are key drivers for this guidance revision for 2022. Guidance in gross profit has outpaced top-line growth to 9.6 billion yen with 54% YoY growth rate. Operating loss has been revised to 84 million yen, with significant improvements compared to Appier's original guidance and getting closer to breaking even, while full-year positive EBITDA profit has been revised to 1.07 billion yen with a 2,423% YoY growth rate. Appier provides predictable returns on customers' marketing spending, with its solutions offering direct revenue or profit impact in over 80% of customers. Furthermore, large enterprise customers with more than 10 billion yen annual revenue currently constitute over 90% of Appier revenues, underlining higher business resilience to overall macroeconomic conditions. Appier continues to maintain a market-leading presence in Asia Pacific, alongside further expansion to other verticals and geographies. "Our strong momentum over the past two quarters underscores Appier's significant growth alongside our customers. In particular, we achieved our highest year-on-year growth rate in the past three years. Our international expansion strategy continues to bear fruit for us, as the US and EMEA grew to form 12% of our total revenues at Appier," said Dr. Chih-Han Yu, CEO and co-founder of Appier. "We are confident our solid business metrics will continue to see us through the second half of the year. Turning AI into ROI by making software intelligent will enable us to have a better chance at winning customers and transforming their budgets and investments into visible, high returns, helping them to better cope with market uncertainties and potential risks through Appier's AI technologies and product differentiations." ROI-driven intelligent AI solutions empower product synergies Appier's solutions maximize customers' product synergies and bring about lasting effects throughout the customer journey. Customers can now turn AI into ROI and exploit their full-funnel data with higher efficiency across all stages. Appier believes that AI is the key component in the 1st party data world and offers businesses cutting-edge software that enables real-time and precise prediction and advertising through three innovative approaches: Synergic AIXON and AIXPERT bundled solutions: Businesses can benefit from inferred insights generated from 1st party data, allowing them to further optimize their marketing spending through higher AI accuracy and timely user insights. Applying these insights to auto-adjusting budget and bidding strategies will enable businesses to make smarter campaign decisions and seize potential business opportunities. Combined AIQUA and BotBonnie solutions: With a single unified interface, businesses can now form an omnichannel customer journey map across multiple conversational channels (LINE, Messenger, WhatsApp, etc.) and owned channels (website, app) and gain a deeper understanding into user profiles. Businesses can then leverage these behavioral insights to take immediate action with tailored, real-time and personalized notifications triggered by user behavior along the journey. AiDeal's smart promotion: Businesses can now use the power of Machine Learning and Deep Learning to predict and update hesitation scores along the user journey and dynamically generate the most optimal offering to individuals based on their purchase hesitancy. Through this, businesses can maximize the ROI uplift of campaigns without sacrificing profitability. With these, Appier is uniquely positioned to help its customers tackle the entire customer journey across all aspects of the funnel. Appier's solutions are designed to help customer-centric companies build brand loyalty with their customers by arming them with a 360° view of the customer, using AI to deliver any actionable insights and turn a visitor into a customer, and a customer into a loyal one. Appier continues to focus on market-driven transformation and these cross-product synergies are a result of Appier's ethos towards innovation. This is further underpinned by Appier's customers' growth and demand for digitalization as Appier remains committed to helping customers with their digital transformation journey and helping them deliver the best customer experience. About Appier Appier (TSE: 4180) is a software-as-a-service (SaaS) company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier now has 17 offices across APAC, Europe and US, and is listed on the Tokyo Stock Exchange. Visit www.appier.com for more company information and visit ir.appier.com/en/ for more IR information. Contact Details Appier Media Contact pr@appier.com

August 12, 2022 09:00 AM Eastern Daylight Time

1 ... 419420421422423 ... 631