ACN Newswire
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Korindo Group Initiates First Rest Area with Bioconversion Facility in Indonesia

indie
5 minutes

JAKARTA, Feb 7, 2023 - (ACN Newswire via SEAPRWire.com) - A bioconversion waste processing facility, which uses the black soldier fly (Hermetia illucens) as its biological agent, has opened at Cibubur Rest Area, Jakarta. The rest area is managed by Korindo Group subsidiary PT Bimaruna Marga Jaya and is the first in Indonesia to own a waste processing center. The center is designed to tackle daily waste issues in the Rest Area, by temporarily storing and preparing organic waste for recycling. The ceremony served to introduce black soldier fly-based bioconversion technology, which is expected to resolve waste management challenges at other rest areas and public establishments. [Image: Korindo]The Korindo Foundation and Forest For Life Indonesia Foundation (FFLI), together with the Public Works and Housing Ministry of Indonesia, launched the facility on Wednesday (Feb 1). With the stakeholders attending, the ceremony served to introduce black soldier fly-based bioconversion technology, which is expected to resolve waste management challenges at other rest stops and public establishments. Made under the partnership of Korindo Foundation and FFLI Foundation, the plant can handle up to 1...

JCN Newswire
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NEC provides billing gateway for DOCOMO’s standalone 5G system

ruth
5 minutes

TOKYO, Jan 18, 2023 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (NEC) has provided NTT DOCOMO, INC. (DOCOMO) with a Charging Gateway Function (CGF) for high-performance processing of billing information, which is becoming increasingly complex due to the growing sophistication of service menus.Image of the CGF provided to DOCOMOThe CGF began operating in December 2022 as a gateway-packaged product that connects DOCOMO's existing standalone 5G mobile core network (SA 5GC)(1), which was provided by NEC, to its business support system (BSS) for customer administration and billing. By organizing the wide variety of billing information sent from 5GC and linking to the BSS, the CGF enables efficient billing processing, while supporting the rapid launch, provision and monetization of new services.Service menus utilizing 5G are becoming more diverse, and the development of new services beyond packet communications, SMS and voice communications is expected to continue advancing in the future. For this reason, telecommunications carriers are demanding packaged products that can flexibly support new services. In the BSS area, there is a demand to introduce Fit to Standard packaged pro...

JCN Newswire
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Opn and JCB Partner to Add JCB’s Acquiring and Processing Capabilities to Opn’s Payments Offering in Thailand

ruth
3 minutes

TOKYO and BANGKOK, Dec 22, 2022 - (JCN Newswire via SEAPRWire.com) - Opn, the global one-stop payment solutions provider, and JCB International Co., Ltd., the international subsidiary of JCB Co., Ltd., Japan's only international credit card brand announced that they partnered to add JCB's acquiring and processing Capabilities to Opn's payments offering in Thailand. This collaboration enables Opn to further streamline payments for its merchants while also expanding its product offering beyond merchant services into the acquiring-as-a-service vertical.Merchants currently processing payments through Opn Payments will benefit from enhanced service stability and a more efficient and streamlined operations workflow. Opn is now able to provide acquiring and payment processing services to businesses of all sizes, including licensed financial institutions and other payment service providers (PSPs) looking to enter the Thai market.Acquiring licenses are granted by JCB to large payments companies that offer services that cover all aspects of payment acceptance processing, including but not limited to risk underwriting, credit management and payment collection. The development underscores Opn'...

SeaPRwire

The combination of Venus Acquisition Corporation and Viyi Algorithm Inc. will increase its revenue by 176.8% in 2020

pandora
6 minutes

NEW YORK, June 10, 2021 Venus Acquisition Corporation (Nasdaq: VENA) ("Venus"), a publicly traded special purpose acquisition company, and VIYI Algorithm Inc. ("VIYI Algo"), a Cayman Islands exempted company operating in China and controlled by WiMi Hologram Cloud, Inc. (NASDAQ: WIMI), announced today that they have entered into a definitive merger agreement. A newly created merger subsidiary of Venus will be merged with and into VIYI Algo with VIYI Algo being the surviving entity and becoming a wholly owned subsidiary of Venus. Upon closing of the transaction, Venus will change its name to MicroAlgo Inc. VIYI ranks as one of the top five Chinese companies for central processing algorithm services. According to the CIC Report, as of 2020, VIYI has captured 5% of the market share for central processing algorithm services provided to internet advertisement and online gaming acceleration industries. VIYI is ideally positioned to grow its revenue quickly as a leading central processing algorithm service provider in China. According to the CIC Report, VIYI is the only company amongst its competitors to provide central processing algorithm service solutions in both internet advertisement...

SeaPRwire

Merger of Viyi Algorithm Inc. and Venus Acquisition Corporation brings in $47.17 million in annual revenue

pandora
4 minutes

NEW YORK, June 10, 2021 Venus Acquisition Corporation (Nasdaq: VENA) ("Venus"), a publicly traded special purpose acquisition company, and VIYI Algorithm Inc. ("VIYI Algo"), a Cayman Islands exempted company operating in China and controlled by WiMi Hologram Cloud, Inc. (NASDAQ: WIMI), announced today that they have entered into a definitive merger agreement. A newly created merger subsidiary of Venus will be merged with and into VIYI Algo with VIYI Algo being the surviving entity and becoming a wholly owned subsidiary of Venus. Upon closing of the transaction, Venus will change its name to MicroAlgo Inc. The merger is structured as a stock for stock transaction and is intended to qualify as a tax-free reorganization. The terms of the merger provide for a valuation of VIYI Algo and its subsidiaries and businesses of US $400,000,000. VIYI Algo is dedicated to the development and application of bespoke central processing algorithms. Central processing algorithms refer to a range of computing algorithms, including analytical algorithms, recommendation algorithms, and acceleration algorithms. VIYI Algo provides comprehensive solutions to customers by integrating central processing algo...

ACN Newswire
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Solargram Farms Announces Approval and Receipt of Health Canada Sales and Processing License and Captiva Verde Land Corp Added to Psychedelic Index

indie
3 minutes

Vancouver, BC, Jan 27, 2021 - (ACN Newswire) - Captiva Verde Land Corp. (CSE: PWR) (the "Company"), is excited to announce that Solargram Farms Corporation ("Solargram"), a holder of a Canadian Federal Health Canada License to cultivate, test, harvest and sell cannabis, has now additionally been approved for a Canadian Federal Health Canada Sales and Processing License.Health Canada Sales and Processing License ApprovalImmediately following the large outdoor Solargram harvest on October 30, 2020, Solargram, with its cannabis consultant Deloitte, submitted its sales and processing license application to Health Canada for review. The processing and sales licensing application is a rigorous, multi-phased acceptance process that enables Solargram to monetize selling and distributing its authorized products into provincially run, Canadian retail distribution networks. Solargram has now received its Canadian Federal Sales and Processing License, all within the early first quarter of 2021 as anticipated.Solargram is in negotiations with several Canadian Crown Provincial wholesalers as well as with strategically selected Licensed Producers across Canada in preparation for sales production ...

JCN Newswire
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Fujitsu Develops Virtual Router Acceleration Technology to Deliver Ultra-High-Speed Packet Processing Performance

ruth
7 minutes

TOKYO, Nov 27, 2020 - (JCN Newswire) - Fujitsu Laboratories Ltd. today announced the development of technology to accelerate virtual routers, which play a major role in the functionality of networks in virtual environments.Figure 1: High Speed Packet Addressing Control TechnologyFigure 2: Hybrid Memory Management TechnologyServer virtualization, which concentrates multiple applications and the infrastructure functionality of network processing in a general-purpose server environment, is spreading beyond datacenters to the field of edge computing, including wireless base stations and Mobile Edge Computing (MEC)(1). The technology also proves useful in areas including societal infrastructure with applications like traffic management, and in entertainment, where it can be used to deliver viewers content like sporting events. As data volumes increase and systems become increasingly complex, however, the CPU resources required for packet processing in a virtual network increase. This reduces the number of applications that can run on a single server, and leads to lower server aggregation rates.To resolve this issue, Fujitsu Laboratories has now developed technology to accelerate packet ...

JCN Newswire
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Fujitsu, AIST, and RIKEN Achieve Unparalleled Speed on the MLPerf HPC Machine Learning Processing Benchmark Leveraging Leading Japanese Supercomputer Systems

ruth
7 minutes

TOKYO, Nov 19, 2020 - (JCN Newswire) - Fujitsu, the National Institute of Advanced Industrial Science and Technology (AIST), and RIKEN today announced a performance milestone in supercomputing, achieving the highest performance and claiming the ranking positions on the MLPerf HPC benchmark(1). The MLPerf HPC benchmark measures large-scale machine learning processing on a level requiring supercomputers and the parties achieved these outcomes leveraging approximately half of the "AI-Bridging Cloud Infrastructure" ("ABCI") supercomputer system, operated by AIST, and about 1/10 of the resources of the supercomputer Fugaku, which is currently under joint development by RIKEN and Fujitsu. Utilizing about half the computing resources of its system, ABCI achieved processing speeds 20 times faster than other GPU-type systems. That is the highest performance among supercomputers based on GPUs, computing devices specialized in deep learning. Similarly, about 1/10 of Fugaku was utilized to set a record for CPU-type supercomputers consisting of general-purpose computing devices only, achieving a processing speed 14 times faster than that of other CPU-type systems. The results were presented as ...