Axington proposes to acquire Hong Kong firm that will see its reverse takeover

elean 9 7 月

2 minutes

SINGAPORE (THE BUSINESS TIMES) - Axington has inked a non-binding memorandum of understanding to acquire a 60 per cent stake in a Hong Kong web technology company that is expected to result in a reverse takeover of the Catalist-listed cash company. In its regulatory statement to the Singapore Exchange on Thursday (July 8), Axington announced that the understanding inked on the same day would form the broad basis of the definitive agreements to be entered into within a month with Delta Investment Holding Group for the proposed acquisition of the stake in Veivo Web Technology for $405 million. The acquisition will see the Catalist-listed firm pay at least $30 million in cash as well as issue and allot new shares at no less than $0.19 per share to the vendor. Veivo Web Technology is established in Hong Kong with a paid-up capital of HK$100 (S$17.42). The company's wholly foreign-owned unit established in China is attempting to obtain full control over Beijing Ruihua Veivo Internet Technology Co by entering into control agreement(s) with the shareholders of Beijing Ruihua Veivo Internet Technology. Beijing Ruihua Veivo Internet Technology is mainly engaged in operating an instant messa...

ACN Newswire

Government Blockchain Association Announces Government Blockchain Week in Washington DC September 27 – October 2

indie 8 7 月

2 minutes

Washington, D.C., Jul 8, 2021 - (ACN Newswire via SEAPRWire.com) - September 27-October 2, 2021, the Government Blockchain Association, (GBA), will present Government Blockchain Week, live, in Washington DC. This global experience will be the largest government blockchain event in history. Government Blockchain Week will be 6 days of classes, seminars, forums, a pitch competition, the Annual Achievement Awards ceremony, and an Art Show with NFTs and Voting opportunities. The nights will be captivating with 3 Evening Receptions, each presenting a unique and dramatic opportunity to make connections, make a deal, or showcase your blockchain products. Held in government buildings, embassies, and iconic venues throughout the city, the day events will cover topics such as Banking and Cryptocurrency; Cybersecurity; International Trade; Economic Growth; and New Paradigms. On Thursday and Friday of the week, all attendees will gather at the Congressional Auditorium of the U.S. Capitol for GBA's flagship event, "The Future of Money, Governance, & The Law". Leaders from around the globe will converge on Washington DC to discuss how blockchain technology will impact money, governance, and ...

JCN Newswire

DENSO Invests in Seurat Technologies to Accelerate Development of Metal Additive Manufacturing

ruth 23 6 月

4 minutes

KARIYA, JAPAN, Jun 23, 2021 - (JCN Newswire via SEAPRWire.com) - DENSO, a leading mobility supplier, today announced it invested in Seurat Technologies, participating in the metal additive manufacturer's Series B funding round. The investment will help speed the development and commercialization of Seurat's patented additive manufacturing technology and is DENSO's latest move to bolster its digital transformation.Seurat's Area Printing technology allows manufacturers to print metal parts at scale, combining unprecedented speed, precision, part integrity and reliability, while still being cost effective. Seurat's innovative process guarantees high quality and resolution for mass production of metal components across all industries, including automotive. For a supplier like DENSO, this solution could cut production times and improve its ability to quickly support customers' shifting requirements. The investment also aides DENSO's larger efforts to advance manufacturing technologies. In this, DENSO collaborates with companies like Seurat, in addition to creating its own solutions like its Factory-IoT Platform, to help digitize operations. This creates opportunities to optimize workflo...

ACN Newswire

Reshaping Identity Management with Blockchain Technology – A Panel Discussion with GBA Ireland

indie 14 6 月

4 minutes

Ireland, Jun 14, 2021 - (ACN Newswire via SEAPRWire.com) - GBA Ireland, led by Jillian Godsil and Lisa Gibbons, is to host its first event in Ireland on the topic of Blockchain and Identity. The event will be held on Thursday June 24 at 2pm (Dublin time) on Zoom and while it is free, registration is required - please see the link: https://www.eventbrite.ie/e/sovereign-identity-in-a-blockchain-world-solution-or-revolution-tickets-158123362233The topic of Identity will be explored by three guest experts in this field and hosted by international blockchain expert, journalist and senior editor at ITN, Simon Cocking. "Blockchain technology can help to protect sensitive information. With the power of blockchain based identity we can transform how our data is used across many industries: finance, banking, travel and healthcare are just a few industries that can use this break-through technology," says Simon."It can help to map your physical identity to your digital footprint, allowing for reduced checks for proof of identification and enabling easier management of records and certificates."Think about your online banking, when you want to upgrade your insurance, filing your taxes, booking...

JCN Newswire

Drax and Mitsubishi Heavy Industries Sign Pioneering Deal Towards Delivery of the World’s Largest Negative Emissions Project

ruth 10 6 月

4 minutes

TOKYO, Jun 10, 2021 - (JCN Newswire via SEAPRWire.com) - Drax Group and Mitsubishi Heavy Industries Engineering, Ltd., part of Mitsubishi Heavy Industries (MHI) Group, have agreed a long-term contract for Drax to use its carbon capture technology, the Advanced KM CDR processTM, in what would be the largest deployment of negative emissions in power generation anywhere in the world.Biomass domes at Drax Power Station (Image courtesy of Drax)The contract, which combines UK innovation and world-leading Japanese technology, will see Drax license MHI's unique carbon capture solvent, KS-21TM, to capture CO2 at its power station near Selby, North Yorkshire.Drax is already the largest decarbonisation project in Europe, having converted its power station to use sustainable biomass instead of coal, reducing its emissions by more than 85%. By deploying BECCS technology, Drax aims to go further - becoming carbon negative by 2030. The first BECCS unit at Drax could be operational as soon as 2027, supporting thousands of jobs across the North of England as soon as 2024, and capturing and storing at least 8 million tonnes of CO2 a year by 2030.Drax is the first company to sign a contract to deploy...

JCN Newswire

The 10th edition of Big CIO Show virtually convened India’s top CIOs

ruth 9 6 月

5 minutes

INDIA, Jun 9, 2021 - (JCN Newswire via SEAPRWire.com) - The 10th edition of Big CIO Show - India gathered major stakeholders of India's technology ecosystem such as government think-tanks, technology experts and leading technology solution providers, to discuss the critical infrastructure, where digital transformation can help the nation boost economic competitiveness.The attendees were enlightened by the speakers from governments and enterprises such as Dr Rajendra Kumar - Additional Secretary, MeitY, Government of India; Ripu Bajwa - Director and GM, Data Protection Solutions, Dell Technologies; Golok Kumar Simli - Chief of Technology, Ministry of External Affairs, Government of India; Sudhir Kanvinde - Executive Director - IT, Ministry of Ports Shipping, Government of India; Sanjiv Mehta - Country Manager, AMD; Sridhar S - VP, Managed Services - Cloud, Hosting and Security, Tata Communications Ltd; Veneet Sharma - Regional Sales Director - APAC(IAM), Thales; Rajiv Ramanan - Director - Technology Partnerships, Freshworks Inc.; Harish Sekar - Senior Technical Evangelist, Manage Engine, a division of Zoho Corp; to name a few.The show covered key topics such as driving businesses to...

ACN Newswire

IdreamSky Technology (1119.HK) Lifetime Value (LTV) seriously undervalued, upside 65%

indie 8 6 月

6 minutes

HONG KONG, Jun 8, 2021 - (ACN Newswire via SEAPRWire.com) - Since last year, the domestic and global game market has been prospering rapidly and this momentum has continued into the first quarter. From the perspective of global game transaction scale, there were 280 open transactions within the game industry in the first quarter with a total value of US $39 billion, while the total transaction volume in 2020 was only US $33 billion, according to the data of investgame.Because the blooming of the game trading market has gradually affected the stock market, secondary market research institutions have begun to explore the undervalued game stocks.Recently, Anli released its first coverage research report, giving IdreamSky Technology (1119. HK) a "buy" rating. The target price is HK $7 per share, up to 63% from HK $4.3 per share on June 3.According to the report, as IdreamSky Technology has moved up along the value chain of the game industry and has actively transformed into a game developer, it builds a long-life cycle ecology to form a closed-loop cash flow. Therefore, its user group is more valuable than those in the same industry. However, relatively speaking, the valuation of Idrea...

SeaPRwire

Investors call for ethical approach to facial recognition technology

elean 8 6 月

3 minutes

LONDON (REUTERS) - A group of 50 investors managing more than US$4.5 trillion (S$5.95 trillion) in assets is calling on companies involved in the development and use of facial recognition technology, such as Amazon and Facebook, to do so in an ethical way. The investor group, which is led by asset manager Candriam, a European division of United States financial services company New York Life, said in a statement the technology could infringe on an individual's privacy rights, given the lack of consent of those being identified, and that there is often no official oversight. The initiative shows how fund managers are increasingly taking up policy issues that were once considered fringe subjects for shareholders as retail investors pour billions of dollars into funds focused on ethical and sustainability criteria. Human rights advocates say face recognition technology, which can be used to unlock smartphones or verify bank accounts, also has the potential to be used by governments to track citizens and suppress political dissent. The investor group said it would begin a two-year process of engagement with companies developing or using the technology. It said it considers 34 companies...

ACN Newswire

Prasaga and Quantum Generation Have Partnered, Bringing Sharding to Space-Based Communications

indie 6 6 月

3 minutes

BVI and Las Vegas, NV, Jun 6, 2021 - (ACN Newswire via SEAPRWire.com) - The partnership between Prasaga™ and Quantum Generation® (QG) has been announced. The collaboration will leverage the fully scaling Prasaga DataGrid Blockchain™ (DGB) and QUBIT Blockchain® (QB) quantum technology to revolutionize communications, Fintech, iD and voting applications.Pragasa and Quantum Generation (QG) have announced a partnership to bring sharding to space-based communications.Quantum Generation® (QG) will deploy their Quantum Space-Based Business Solutions and proprietary QUBIT Blockchain® (QB) on the Prasaga DataGrid Blockchain™ (DGB) and utilize the Presaga DataGrid Token™ (DGT) for transaction settlement."The new applications that become possible with this collaboration align with our shared mission to build new economy, sovereignty and communication solutions without boundaries," said Larry Castro, Quantum Generation CEO. He continued:"Cooperating to build a decentralized incentivized ecosystem that ensures markets that thrive on blockchain.""Finding partners that align on values and purpose is essential in building ...

SeaPRwire

The costly pursuit of driverless cars

elean 6 6 月

5 minutes

(NYTIMES) - It was seven years ago when Waymo discovered that spring blossoms made its self-driving cars get twitchy on the brakes. So did soap bubbles. And road flares. New tests, in years of tests, revealed more and more distractions for the driverless cars. Their road skills improved, but matching the competence of human drivers was elusive. The cluttered roads of America, it turned out, were a daunting place for a robot. The wizards of Silicon Valley said people would be commuting to work in self-driving cars by now. Instead, there have been court fights, injuries and deaths, and tens of billions of dollars spent on a frustratingly fickle technology that some researchers say is still years from becoming the industry's next big thing. Now the pursuit of autonomous cars is undergoing a reset. Companies like Uber and Lyft, worried about blowing through their cash in pursuit of autonomous technology, have tapped out. Only the most deep-pocketed outfits such as Waymo, a subsidiary of Google's parent company Alphabet, motor-vehicle industry giants, and a handful of start-ups are managing to stay in the game. Late last month, Lyft sold its autonomous vehicle unit to a Toyota subsidiar...

ACN Newswire

Hewlett Packard Enterprise and Team Computers join Trescon’s Big CIO Show as Co-Powered Sponsors

indie 1 6 月

4 minutes

INDIA, Jun 1, 2021 - (ACN Newswire via SEAPRWire.com) - As the leaders in the edge-to-cloud platform, Hewlett Packard Enterprise and Team Computers Co-Powered the 10th edition of Big CIO Show - India. The show virtually connected over 300 online participants from across India, including major stakeholders of India's technology ecosystem such as government think-tanks, technology experts and leading technology solution providers.An image from Ranganath Sadasiva's keynote at Big CIO Show - IndiaThe virtual conference explored sectors of critical infrastructure where Digital Transformation can help the nation boost economic competitiveness with the region's top technology leaders and the global technology fraternity.One of the top technology leaders and speakers who joined the conversation was Ranganath Sadasiva, Chief Technology Officer, Hybrid IT, HPE. Ranganath is responsible for bringing in thought leadership across HPE's Hybrid IT business and delivering the best-in-class technology experience for customers.He enlightened the audience through the technical session on 'Fuelling edge to cloud Digital Transformation with Hewlett Packard Enterprise'. His presentation covered the macr...

ACN Newswire

Apex-Brasil Introduce 10 Local Brazilian Start-ups to Participate in the Corporate Innovation Summit cum Global Matching 2021

indie 26 5 月

4 minutes

HONG KONG, May 26, 2021 - (ACN Newswire via SEAPRWire.com) - The Brazilian Trade and Investment Promotion Agency ("Apex-Brasil") committed to seek business opportunities for Brazilian products and services abroad, and to attract strategic foreign investment and impel the Brazilian economy. Apex Brasil is invited by Hong Kong Science and Technology Park Corporation ("HKSTP") to recommend ten local Brazilian start-ups participate in the the Corporate Innovation Summit cum Global Matching 2021 to strengthen communication between start-ups and multinational investors, as well as one-on-one matching meetings for corporate buyers to drive innovation adoption at speed and scale. Mr. Manuel Innocencio de Lacerda Santos Junior, the Consul-General of the Federative Republic of Brazil in Hong Kong will attend the event in person.The Corporate Innovation Summit cum Global Matching 2021 aims to provide a platform for start-ups and technology corporation to expand business networks and connect potential corporate buyers and investors. Programs including roundtables, roadshows, matching, VIP tour and luncheon, etc. Featured leading-edge sessions to gather the leaders, influence the leaders and le...

ACN Newswire

The 10th edition of Big CIO Show to host CIOs across India to unearth the potential of emerging tech for India

indie 25 5 月

3 minutes

INDIA, May 25, 2021 - (ACN Newswire via SEAPRWire.com) - The 10th global edition of Big CIO Show, taking place virtually on 26 May 2021, will host CIOs and IT Decision Makers from cross industries (PAN India). These C-level attendees will have the opportunity to meet, network, learn and engage with some of the nation`s renowned technology thought-leaders and innovators in a constructive, open-dialogue environment; to find solutions for issues hindering their business and designated growth. The show will witness ground-breaking collaborations of experts such as Dr Rajendra Kumar - Additional Secretary, MeitY, Government of India; Golok Kumar Simli - Chief of Technology, Ministry of External Affairs, Government of India; Sudhir Kanvinde - Executive Director - IT, Ministry of Ports Shipping, Government of India; Rajiv Ramanan - Director, Technology Partnerships, Freshworks Inc.; Harish Sekar - Senior Technical Evangelist, ManageEngine, a division of Zoho Corp; Atanu Roy - Group CIO, Biocon Group; Yask Sharma - CISO Indian Oil Corporation Ltd.; Ripu Bajwa - Director & GM - Data Protection Solutions, Dell Technologies; Rajesh Awasthi - Global Head of Cloud and MHS, Tata Communicatio...

SeaPRwire

Wall Street climbs on tech gains as US Treasury yields dip

elean 25 5 月

3 minutes

NEW YORK (REUTERS) - US stocks climbed on Monday (May 24), with the Nasdaq jumping more than 1% as a retreat in US Treasury yields helped lift expensive stocks in sectors such as technology as investors attempt to gauge the trajectory of inflation. Among the 11 major S&P sectors, technology advanced 1.76% and communication services rose 1.84% as the top performing on the session, as yields on the benchmark 10-year Treasury bond hit a two-week low, which also buoyed other richly-valued growth stocks. Inflation concerns cooled for the time being as investors may be starting to view President Joe Biden's infrastructure Bill as likely to be smaller, or unable to provide as big an economic boost, even after being pared down in size on Friday. Bill Stone, chief investment officer, The Glenview Trust in Louisville, Kentucky said growth stocks were likely getting a look on Monday due to the decline in yields. "It seems to be the continued bounce in a rotation back to growth, the top performing sectors today are all growth stocks. It's the continuing tug of war," he said. The Dow Jones Industrial Average rose 186.14 points, or 0.54%, to 34,393.98, the S&P 500 gained 41.19 points, or 0.99%, ...

SeaPRwire

Wall Street closes to snap 3-day losing streak as technology stocks rise

elean 21 5 月

2 minutes

NEW YORK (REUTERS) - Wall Street's main indexes regained their footing on Thursday (May 20) after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood. Bitcoin clawed back some lost ground to trade near $40,000 a day after a brutal selloff, helping renew appetite for risk. Shares rose in Crypto-exchange operator Coinbase Global, Crypto-miners Riot Blockchain and Marathon Digital Holdings. "There's a big risk, regulatory risk, to crypto that's not fully appreciated," said Jay Hatfield, founder and chief executive of Infrastructure Capital Management in New York. "The central banks have a monopoly on currency. And so we just think that it's a little bit surprising they haven't enforced that monopoly." The number of Americans filing for new claims for unemployment benefits fell to 444,000 in the week ended May 15, down for the third straight time, suggesting job growth picked up this month, though companies still are desperate for workers. Wall Street's main indexes fell on Wednesday, extending losses since, after minutes from the Federal Reserve's meeting last month indicated some ...

ACN Newswire

Ireland GBA Chapter Established

indie 19 5 月

2 minutes

Ireland, May 19, 2021 - (ACN Newswire via SEAPRWire.com) - The Government Blockchain Association (GBA) is pleased to announce a new Ireland Chapter headed by Jillian Godsil (Chair) and Lisa Gibbons (Deputy Chapter Leader). Jillian Godsil and Lisa GibbonsGerard Dache, executive director of GBA globally, welcomed the news: "Jillian has been a supporter of GBA for more than two years and we welcome her formal appointment as chapter lead with the support of Lisa Gibbons. Ireland is well known internationally as a hub for technology and it is great to see an active GBA chapter in-country."Jillian is an award-winning journalist, broadcaster and author. She chairs and speaks at Blockchain conferences internationally and is frequently listed in the top people of Blockchain globally. She changed the law in Ireland to allow bankrupts to run for public service in 2014 and ran in the European Parliamentary Elections in the same year, earning 11,500 a year in votes: not enough to get elected but enough to make a difference.Lisa has more than 12 years' experience in the marketing space. Lisa currently offers her expertise to niche businesses focused on technology, eCommerce and start-ups and man...

SeaPRwire

Splunk’s mojo intact – ignore share slide, says CEO

elean 16 5 月

1 minute

A year ago investors were piling into shares of Splunk Inc, even as many other technology stocks swooned as the pandemic began to spread in the United States. These days, it appears they cannot get out of the stock fast enough while sending prices of others like Amazon racing ahead. And yet business appears to have never been better for this 18-year-old San Francisco firm whose offerings rest on a tripod of security, information technology infrastructure, and observability. At the core of its flagship product, Splunk Enterprise, used by companies as diverse as Porsche, Domino's Pizza and Intel, is a proprietary machine-data engine that brings together collection, indexing, search, reporting analysis and data management capabilities. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

ACN Newswire

Better memristors for brain-like computing

indie 15 5 月

3 minutes

TSUKUBA, Japan, May 15, 2021 - (ACN Newswire via SEAPRWire.com) - Scientists are getting better at making neurone-like junctions for computers that mimic the human brain's random information processing, storage and recall. Fei Zhuge of the Chinese Academy of Sciences and colleagues reviewed the latest developments in the design of these 'memristors' for the journal Science and Technology of Advanced Materials.Researchers are developing computer hardware for artificial intelligence that allows for more random and simultaneous information transfer and storage, much like the human brain.Computers apply artificial intelligence programs to recall previously learned information and make predictions. These programs are extremely energy- and time-intensive: typically, vast volumes of data must be transferred between separate memory and processing units. To solve this issue, researchers have been developing computer hardware that allows for more random and simultaneous information transfer and storage, much like the human brain.Electronic circuits in these 'neuromorphic' computers include memristors that resemble the junctions between neurones called synapses. Energy flows through a materia...

JCN Newswire

NEC X and Alchemist Accelerator Announce Partnership to Speed Successful Startup Launches

ruth 14 5 月

5 minutes

TOKYO, May 14, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation, a leader in IT and network technologies; NEC X, the innovation accelerator for NEC's emerging technologies; and Alchemist Accelerator, a venture-backed initiative focused on accelerating the development of early-stage ventures, today announced a joint partnership between NEC X and Alchemist to provide technology startups with end-to-end support, including NEC R&D technologies and business launch coordination. NEC X provides its Corporate Accelerator Program (CAP) together with AlchemistX, Alchemist's corporate innovation accelerator, to speed the development of early-stage startups."Our CAP has evolved by leveraging the Silicon Valley startup ecosystem," said Shige Ihara, CEO of NEC X. "From its establishment in 2018 to the present, NEC X has gone from being a new startup itself, to seeding 23 potential new ventures. However, we wanted to enhance the support for startups to succeed through our technology incubation program. We chose to partner with Alchemist because it was a good fit for all parties."NEC X has access to Alchemist's methodology and resources, as well as the Alchemist network of entrepreneu...

ACN Newswire

Blockchain and Liberty for All

indie 7 5 月

2 minutes

Washington, D.C., May 7, 2021 - (ACN Newswire via SEAPRWire.com) - Broadcast live from Washington DC, June 18-19, 2021, with contributions from chapters around the globe, GBA will virtually present its annual state of the union to the world. The GBA global leadership team will present their blockchain results so far and discuss where we are headed for the next decade. Dr. Robert J. BrownThe featured Keynote speaker, Dr. Robert Brown will share his wisdom gained from decades of working with world leaders, industry titans, and civil rights leaders. The Washington Post called him a "World Class Power Broker". Just some of his many accomplishments include:- Key advisor to the late Dr. Martin Luther King, Jr. - Involved in the Robert Kennedy campaign- Special Assistant to President Richard Nixon- Close friend and confidant of Nelson Mandela - Consulted with many prominent US corporations on race relations and crisis management- Worked on the committee that established the legislation creating the Office of Minority Business Enterprise within the US Department of Commerce- He signed the documents that increased funding for historical black colleges & universities under President Nixo...

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