Wadaoki Forest at the Mihara Machinery Works Certified as ‘Nationally Certified Sustainably Managed Natural Site’ by Ministry of the Environment ACN Newswire

Wadaoki Forest at the Mihara Machinery Works Certified as ‘Nationally Certified Sustainably Managed Natural Site’ by Ministry of the Environment

TOKYO, Oct 1, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) announces that its "Wadaoki Forest," a forested area cultivated near the site of the company's Wadaoki Plant at the Mihara Machinery Works in Mihara, Hiroshima Prefecture, has been certified as a "Nationally Certified Sustainably Managed Natural Site" by Japan's Ministry of the Environment.A "Nationally Certified Sustainably Managed Natural Site" is a system in which the national government certifies areas where biodiversity is being conserved through private-sector efforts, part of the effort aimed at achieving "30by30," an international target to effectively conserve at least 30% of land and sea areas as healthy ecosystems by 2030. Certified areas will also be registered in international databases as OECMs (Other Effective area-based Conservation Measures)."Wadaoki Forest" is an 8.3-hectare forest cultivated by MHI, started in 1974 when the company began planting trees on land that originally had no vegetation. Over the last 50 years, through proper maintenance and management, MHI has created a landscape that is in harmony with the natural environment around the plant, as well as a healthy ecosystem where about 40 species of birds can be seen throughout the year. "Wadaoki Forest" was recognized for its value as an "area for provision of ecosystem services, where there exists a healthy ecosystem consisting of a variety of plant and animal species, mainly native species." MHI will continue its efforts to conserve biodiversity.The Mihara Machinery Works, as a pilot plant for achieving carbon neutrality, has been at the forefront of MHI Group's environmental initiatives. As a result of measures implemented through FY2023 to install solar panels, along with wide-ranging energy conservation and streamlining, the plant is within sight of a 97.7% reduction in CO2 emissions compared to FY2021 levels, and has acquired practical know-how for achieving carbon neutrality. Currently, MHI is proactively concentrating carbon neutrality solutions at the plant, working to achieve carbon neutrality in stages.In accordance with the MHI Group's Declaration on Biodiversity formulated in April 2023, MHI Group is promoting measures to conserve and restore biodiversity and natural capital in the regions where Group companies operate, both in Japan and overseas. In addition, MHI Group has adopted "MISSION NET ZERO," a program to achieve carbon neutrality by 2040, and is working to realize net zero CO2 emissions from the corporate group and its entire value chain. MHI Group, recognizing the close relationship between biodiversity loss and climate change, will continue to work in an integrated way for nature positive and carbon neutrality measures, and contribute to the realization of a sustainable world.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Home365 Launches Profit Protect Plan to Enhance Real Estate Investment Predictability SeaPRwire

Home365 Launches Profit Protect Plan to Enhance Real Estate Investment Predictability

Las Vegas, NV - October 01, 2024 - (SeaPRwire) - Home365, a property technology company, continues to support real estate investors with its established Profit Protect Plan, designed to enhance real estate investments by providing financial security and stability for investors. The Profit Protect Plan helps real estate investors safeguard their profits from unexpected costs such as vacancy, delinquency, and operational issues. It maximizes returns while minimizing risks. By using advanced proprietary software, the plan forecasts potential risks and prices them into an extensive coverage plan. If a tenant moves out, Home365 ensures a seamless transition by quickly finding a new tenant, handling turnover to get the property rent-ready, and covering the rent until the new tenant is in place so the owner doesn't lose a dollar. "Real estate investors often worry about market volatility and operational risks," said Daniel Shaked, chief executive officer of Home365. "At Home365, we designed the Profit Protect Plan to address these very concerns and help investors achieve their financial goals confidently." Home365's advanced software enhances transparency and communication by offering real-time insights, detailed financial reports, and updates on repair activities for clear property management. Continuous improvement of this platform is a key focus, including more detailed financial reporting, real-time property status updates, and advanced predictive analytics to anticipate and mitigate potential issues. Since its inception, the company has served thousands of homeowners, provided more than $1.5 million in rent guarantees, and covered $1.4 million in repairs. This demonstrates Home365's commitment to delivering reliable and transparent property management solutions. "The property management industry is crucial because it deals with people's homes and impacts many lives, yet it remains traditional with little transparency and minimal use of technology. Home365 aims to change that by bringing transparency, technology, and aligned interests into the industry," added Shaked. The proprietary property management software is a key part of Home365's service. It includes a tenants portal for reporting issues with their phones where they can upload images and videos of the issues, pay rent online, and communicate with representatives. For property owners, the owners' portal offers full transparency with detailed financial reports, before-and-after images, and videos of repairs. This software enhances communication and transparency, distinguishing Home365 from traditional property management companies. A standout feature of the Profit Protect Plan is the rent guarantee and comprehensive maintenance coverage. If a property is vacant or a tenant is delinquent, Home365 covers the rent, ensuring a steady income stream for investors. Additionally, the company handles maintenance and repair issues due to normal wear and tear at its own expense, from fixing an AC unit to repairing a hole in the wall, providing investors with peace of mind and financial predictability. By focusing on superior customer service and comprehensive property care, the company aims to ensure sustainable growth for investors. Home365 uses the latest technology and a customer-centric approach to create a seamless and profitable experience for property owners. The recent expansion to Phoenix marks the company's 18th location, with a presence across nine states. This milestone demonstrates the growth and commitment to providing top-notch property management services nationwide. Investors can enroll in the Profit Protect Plan through Home365's platform. The process is straightforward, with detailed guidance provided. There are no hidden fees or complex requirements, making it accessible for both seasoned investors and newcomers. Visit Home365 to learn more about the Profit Protect Plan and how it can enhance your real estate investment strategy. About Home365 Home365 is a property technology company focused on improving property management. By providing real estate investors with predictable and stress-free income, the company aims to make property investments more profitable and efficient. With advanced technology and a customer-centric approach, Home365 creates a seamless and profitable experience for property owners. Contact Information Brand: Home365 Contact: Shahar Raz Email: shahar@home365.co Website: home365.co The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi ...
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HotelRunner Acquires Bookingate, Expanding its B2B Powerhouse for the Travel Industry

LONDON, Oct 1, 2024 - (ACN Newswire via SeaPRwire.com) - With the inclusion of Bookingate, a platform that enables travel service providers to access and distribute hotel inventory and third-party services, HotelRunner becomes the all-in-one solution for the entire travel industry. This unique proposition positions HotelRunner as a comprehensive platform that solves distribution, direct, and offline sales challenges for travel agencies, DMCs, and tour operators, connecting them seamlessly with various suppliers.Advancing the Travel Industry with HotelRunner ConnectBy bringing Bookingate under its umbrella, HotelRunner amplifies the scope and functionality of HotelRunner Connect, its long-established platform serving global travel companies, including travel agencies, metasearch platforms, and payment systems. This move enhances the current service offering while broadening the role of HotelRunner Connect as an end-to-end solution for the entire travel ecosystem.Arden Agopyan, Founder and Managing Partner of HotelRunner, remarked, "Bookingate is a game-changing addition that aligns perfectly with our vision of creating a bigger travel economy. With this acquisition, we are enhancing our platform's capabilities to deliver the industry's most advanced travel management solution, unlocking unprecedented growth opportunities for our large network of travel industry members."Ali Beklen, Founder and Managing Partner of HotelRunner, added, "We are thrilled to welcome Bookingate into the HotelRunner platform, becoming an all-encompassing travel platform for travel agencies, hotels, buyers, and suppliers. With the acquisition of this promising startup and its innovative technology, we are expanding our platform and creating a new ecosystem by uniting fragmented B2B players in the global travel market."Unleashing Multi-Faceted CapabilitiesThe acquisition of Bookingate strengthens HotelRunner's position as the top player in travel tech, expanding its solution stack for all players in the travel value chain, and unlocking capabilities that empower travel companies in a competitive market:Advanced Hotel Contracting: Travel agencies and 3rd party service providers will directly access and distribute real-time inventory. HotelRunner streamlines the entire distribution process and empowers travel providers to expand their reach.A Robust Connectivity Bridge: Acting as a bridge between hotels, travel agencies, tour operators, airlines, transfer, and car rental services, the enhanced platform enables dynamic packaging, offering a more complete solution for sourcing and distribution.Transforming Static Agencies: Just as HotelRunner set out more than a decade ago with the vision of moving hotels from offline to online, it is now preparing to transform offline travel agencies into online, dynamic, and digital powerhouses.Building an Ecosystem of InnovationMarking its fourth acquisition, HotelRunner remains at the forefront of industry innovation by strategically scouting innovative early-stage companies like Bookingate. HotelRunner's commitment to finding or building forward-thinking products ensures that it remains a trusted partner for travel agencies, hotels, buyers, and suppliers worldwide.Contact Information:Suheyla van TaarlingDirector of Marketing & Growthsuheyla@hotelrunner.com00905314010303SOURCE: HotelRunner Copyright 2024 ACN Newswire via SeaPRwire.com.
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Release of Mazda Integrated Report 2024 JCN Newswire

Release of Mazda Integrated Report 2024

HIROSHIMA, Japan, Oct 1, 2024 - (JCN Newswire via SeaPRwire.com) - Mazda Motor Corporation today released on the company's official website the Mazda Integrated Report 2024*1, which summarizes Mazda Group's value creation initiatives over the medium- and long-term from both financial and non-financial perspectives.The Integrated Report is a comprehensive compilation of Mazda's medium- and long-term management policies grounded in the concept of “creating the joy of living by delivering a joy of driving to customers that is matched to the times,” solutions and approaches to social challenges based on ESG*2 perspectives including carbon neutrality and electrification. The 2024 edition continues to the focus on our value creation process, increases the information relevant ESG disclosures and shows the progress Mazda has made in monozukuri (engineering and manufacturing), tsunagarizukuri (creating human connections) and hitozukuri (nurturing the development of individuals) initiatives in line with our Management Policy up to 2030. Furthermore, it has also included our approach to capital allocation and explanations of the way in which we have orientated initiatives to enhance corporate value over the medium- and long-term. With this, we have endeavored to communicate to our stakeholders in order to deepen their understanding about the value creation story for realizing our corporate philosophy.Mazda will continue to pursue the 'Joy of Driving' under its core Human Centric value, and aim to deliver 'Joy of Living' by creating moving experiences in customers' daily lives.Mazda Integrated Report 2024 ContentsCHAPTER 1 ABOUT MAZDA:CEO Message, History of Mazda's Growth, etc.CHAPTER 2 GROWTH STRATEGY:Value Creation Process, Management Policy up to 2030,CFO Message, etc.CHAPTER 3 VALUE CREATION INITIATIVES: Monozukuri (challenge of creating new value from the perspective of the customer’s experience), Tsunagarizukuri (creating human connections that grow our business) and Hitozukuri (organizational culture reform for fulfilling purpose)CHAPTER 4 GOVERNANCE:Corporate Governance, Conversation between Mazda’sOutside Directors, etc.CHAPTER 5 DATA SECTION:ESG Data, Company Profile, etc.Our Sustainability webpage provides more detailed descriptions of our ESG initiatives and actual data. Those of 2024 are scheduled to be posted on our website around the end of October.Mazda's Official WebsiteMazda Integrated Report https://www.mazda.com/en/investors/library/annual/Mazda Sustainability webpage https://www.mazda.com/en/sustainability/(1) The English version of the Mazda Integrated Report 2024 will be available in the end of October 2024.(2) ESG: Management and business activities that take into account Environment, Social, and Governance perspectives.For more information, visit www.mazda.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
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Caffewerks Introduces BaristaFlo Line: Premium Espresso Machine Parts for Coffee Enthusiasts SeaPRwire

Caffewerks Introduces BaristaFlo Line: Premium Espresso Machine Parts for Coffee Enthusiasts

Expertly Crafted Parts Designed for Busy Cafés and Home Baristas Olympia, WA – October 01, 2024 – (SeaPRwire) – Caffewerks announced BaristaFlo, a new batch of espresso machine parts created to provide top-notch quality without the high price tag. These accessories are designed for busy cafe owners and coffee lovers by experts with over 30 years of industry experience. Caffewerks introduced 15 products for this line. From puck screens with integrated mesh, portafilters, and baskets to gaskets and screen kits, BaristaFlo offers some fundamental parts to produce premium coffee. It also includes a basket removal tool and a trash can crafted solely to dispose of coffee grounds. Maintaining espresso machines can be expensive. Some parts must be replaced every 3 to 6 months, making this hobby or profession costly. Many existing products are also either overpriced or of mediocre quality. The team behind Caffewerks determined that gap and released this line to offer quality parts at a friendly price. These products make it easier and more affordable to stay on top of espresso machine maintenance. To highlight the value of this launch, Sara Michelman, Owner, at Caffewerks shared their thoughts: “Preventive maintenance of espresso machines is a crucial part of espresso machine ownership. Espresso machine group head parts are wear items, they are meant to be replaced and upgraded 2-4 times a year when following a preventive maintenance protocol – this means replacing items before they are broken or causing trouble. The Caffewerks BaristaFlo range of products are quality parts, designed and manufactured at a more appropriate and approachable price point, with little markup. “ Besides the cost-effective maintenance, the company is also eager to help busy users by offering an auto-replenishment service. Sara continued: “We understand that busy cafe owners have a lot of decisions to make every day. We hope the BaristaFlo range can take some of the confusion out of what parts to replace old wear parts with, and with our auto subscription model, they can order once and receive PM kits all year long!” The launch of the Caffewerks BaristaFlo line changes the history of espresso machine parts by providing first-class yet economical components. With BaristaFlo, café owners and coffee lovers can confidently care for their machines. High-quality parts are now within reach, and it’s much easier than ever to enjoy and serve the perfect cup of espresso every day. Social Links Instagram: https://www.instagram.com/caffewerks Facebook: https://www.facebook.com/caffewerks Tiktok: https://www.tiktok.com/@caffewerks Media Contact Brand: BaristaFlo Contact: Media team Email: info@caffewerks.com Website: https://caffewerks.com SOURCE: BaristaFlo The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi ...
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Menteri Israel Frustrasi Atas Kebocoran AS dan IDF tentang Operasi Lebanon: Laporan Berita

Menteri Israel Frustrasi Atas Kebocoran AS dan IDF tentang Operasi Lebanon: Laporan

(SeaPRwire) - Menteri-menteri di awal pagi Selasa waktu tempatan bersetuju dengan strategi operasi untuk pencerobohan "terhad" Israel ke Lebanon, tetapi ketegangan memuncak selepas pegawai-pegawai dilaporkan kecewa kerana berita operasi itu telah bocor beberapa jam sebelum mereka bertemu. Seorang pegawai keselamatan Amerika Syarikat yang tidak dinamakan mengesahkan kepada dan media lain pada pagi Isnin bahawa pencerobohan "terhad" ke Lebanon bakal berlaku. Dan ketika ditanya oleh wartawan mengenai perkara itu kemudian, Presiden Biden kelihatan mengesahkan dakwaan itu dan berkata, "Saya lebih sedar daripada yang anda sangka."Tetapi apabila ditanya sama ada beliau selesa dengan pelan operasi itu, beliau berkata, "Saya selesa dengan mereka berhenti. Kita patut menghentikan tembakan sekarang."Begitu juga, semasa taklimat Jabatan Negara Amerika Syarikat kemudian pada hari itu, jurucakap Matthew Miller memberitahu wartawan, "Mereka telah memaklumkan kepada kami mengenai beberapa operasi." "Mereka, pada masa ini, telah memberitahu kami bahawa operasi tersebut adalah operasi terhad yang tertumpu kepada infrastruktur Hizbullah berhampiran sempadan. Tetapi kami sentiasa berbincang dengan mereka mengenai perkara ini," tambahnya.Tidak jelas sama ada Miller bercakap tentang operasi masa depan atau operasi yang sedang berlangsung kerana laporan yang timbul lebih awal pada Isnin mencadangkan bahawa pasukan khas Israel telah terlibat dalam serangan rentas sempadan selama berbulan-bulan. Digital tidak dapat mengesahkan menteri Israel mana yang kecewa dan khusus kepada siapa di Amerika Syarikat kemarahan mereka ditujukan. Tetapi bukan sahaja pegawai Amerika Syarikat yang menjadi sasaran kemarahan menteri Israel, menurut media tempatan YNET News.Angkatan Pertahanan Israel (IDF) juga menjadi punca kekecewaan selepas seorang jurucakap IDF dilaporkan merujuk kepada operasi itu sebelum perbahasan menteri, walaupun laporan tempatan kelihatan telah dikemas kini berikutan permintaan daripada jurucakap IDF Laksamana Muda Daniel Hagari, yang menyeru media agar tidak melaporkan "khabar angin.""Dalam beberapa jam kebelakangan ini terdapat banyak laporan dan khabar angin mengenai aktiviti IDF di sempadan Lebanon. Kami meminta agar tiada laporan disebarkan mengenai aktiviti pasukan," kata Hagari di X sebelum mesyuarat menteri. "Berpegang kepada laporan rasmi sahaja dan jangan menyebarkan khabar angin yang tidak bertanggungjawab," tambahnya. Bagaimanapun, selepas mesyuarat, mengesahkan bahawa IDF telah memulakan "serangan darat yang terhad, setempat, dan bersasaran berdasarkan risikan tepat terhadap sasaran dan infrastruktur pengganas Hizbullah di selatan Lebanon.""Sasaran ini terletak di kampung-kampung berhampiran sempadan dan menimbulkan ancaman segera kepada komuniti Israel di utara Israel," tambah IDF. Sumber memberitahu lebih awal pada Isnin bahawa operasi itu dijangka "terhad" dari segi skop dan akan lebih cepat daripada operasi yang dilakukan Israel di Lebanon pada tahun 2006, yang berlangsung selama 34 hari dan menyaksikan kira-kira 1,191 kematian dan 4,409 kecederaan, satu pertiga daripadanya adalah wanita dan kanak-kanak. menyatakan bahawa 43 orang awam terbunuh dan 997 cedera.Axios sebelum ini melaporkan bahawa Israel tidak memberi notis awal kepada Amerika Syarikat mengenai operasi beeper yang meletup, melaporkan, Menteri Pertahanan Israel Yoav Gallant menghubungi Setiausaha Pertahanan Lloyd Austin ketika beeper mula meletup di Lebanon. Berikutan pembunuhan pemimpin Hizbullah Hassan Nasrallah pada hari Jumaat, Setiausaha Pertahanan Lloyd Austin memberitahu wartawan, "Amerika Syarikat tidak terlibat dalam operasi Israel," sambil menyatakan bahawa tidak ada "amaran awal" daripada pihak Israel.Jabatan Negara tidak segera membalas permintaan Digital untuk komen. Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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DENSO and ROHM Agree to Start Consideration of Strategic Partnership in the Semiconductor Field JCN Newswire

DENSO and ROHM Agree to Start Consideration of Strategic Partnership in the Semiconductor Field

KARIYA, JAPAN, Oct 1, 2024 - (JCN Newswire via SeaPRwire.com) - DENSO CORPORATION and ROHM Co., Ltd. hereby announce that the two companies have agreed to start consideration of strategic partnership in the semiconductor field.As the development and spread of electric vehicles accelerate toward the realization of carbon neutrality, the demand for electronic components and semiconductors required for electrification of vehicles is rapidly increasing. In addition, semiconductors are becoming increasingly important as products that support the intelligence of vehicles, such as automated driving and connectivity which are expected to contribute to eliminating fatalities in traffic accidents, and are essential to the realization of a sustainable society.DENSO and ROHM have been working together through trade and development of semiconductors for automotive applications. Going forward, both companies will consider this partnership to achieve a stable supply of highly reliable products, as well as for various initiatives to develop high-quality and high-efficiency semiconductors that contribute to a sustainable society.To further solidify the partnership, DENSO will acquire a portion of ROHM's shares.DENSO CORPORATION President & CEO, Shinnosuke HayashiDENSO positions semiconductors as key devices for realizing next-generation vehicle systems and we have deepened our cooperative relationships with semiconductor manufacturers who have abundant experience and knowledge. ROHM has a lineup of semiconductors in a wide range of areas important for automotive electronics, including analog semiconductors, power devices, and discrete semiconductors, and has extensive mass production experience. We believe that by integrating the automotive technologies and expertise we have cultivated over the years, we will be able to ensure a stable supply and accelerate technological development.ROHM Co., Ltd. President (Representative Director), Isao MatsumotoGlobal Tier 1 manufacturer DENSO and ROHM have been deepening collaboration for many years, and in recent years we have been working on joint development of analog semiconductors. We believe that the partnership with DENSO and the acquisition of shares by DENSO will further strengthen our cooperative relationship. To realize carbon neutrality, it is important to collaborate on technology at the device level with an eye toward end products and systems. We believe that we can contribute to the realization of a sustainable society by deepening our integration with DENSO, who has advanced system construction capabilities in the automotive and industrial equipment fields.About DENSO CORPORATIONGlobally headquartered in Kariya, Japan, DENSO is a $47.2 billion leading mobility supplier that develops advancedtechnology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in around 180 facilities worldwide to provide opportunities for rewarding careers and to produce cutting-edge electrification, powertrain, thermal and mobility electronics products, amongothers, that change how the world moves. In developing such solutions, the company’s 162,000 global employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. DENSOspent around 7.7 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2024. For more information about DENSO’s operations worldwide, visit www.denso.com/global. Copyright 2024 JCN Newswire via SeaPRwire.com.
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LaTerra Appoints Ben Grosberg To Spearhead Capital Markets and Investor Relations, Reinforces Strategy To Buy Existing Multifamily, Self-Storage Assets ACN Newswire

LaTerra Appoints Ben Grosberg To Spearhead Capital Markets and Investor Relations, Reinforces Strategy To Buy Existing Multifamily, Self-Storage Assets

LOS ANGELES, CA, Oct 1, 2024 - (ACN Newswire via SeaPRwire.com) - LaTerra Development, a leading real estate investment and development company, has named Ben Grosberg to spearhead capital raising and investor relations to support its new strategy to buy existing multi-family and self-storage assets as well as ground-up development.A seasoned real estate investment executive, Mr Grosberg will focus on Registered Investment Advisors and Family Office investors.He has worked with RIAs, high net worth individuals, and private family office investors in Australia and the US for the past 15 years. He recently served as Director of Capital Markets at leading Los Angeles real estate investment bank, Dekel Capital, where he helped establish the JV-Equity platform and raise private capital for both Dekels JV and advisory businesses."Bringing a well-known and respected executive onboard to lead our new capital markets initiatives is a major step in LaTerra's expansion strategy," said Charles Tourtellotte, CEO of LaTerra, "Ben's experience and contacts will be invaluable in expanding our investor base."Prior to joining Dekel, Mr Grosberg worked at the Spotlight Group, one of Australia's largest private HNW family offices, where he managed the diverse investment holdings of the group.The addition of Mr. Grosberg to the team comes at a time as the company expands beyond its successful development business into acquisitions of core+ multifamily and self-storage properties. Mr. Grosberg's leadership in capital markets and investor relations will play a key role in supporting this broader investment strategy, which aims to diversify LaTerra's portfolio and capitalize on current market opportunities ."Private investors are acutely aware of the current market opportunity of buying institutional quality assets below replacement cost," Mr Grosberg says. "Investing with a proven operator like LaTerra gives investors direct access to these deals so they can build portfolios of steady, cash-flowing assets."LaTerra Managing Director Chris Tourtellotte added, "With values bottoming out and interest rate cuts commencing, this is an excellent entry point for acquisitions. We believe we have a window of opportunity to buy multifamily and storage assets today at a deep discount and benefit from a recovering market."LaTerra is a leading self-storage and multifamily investment and development company with a focus on U.S. Sun Belt markets. It currently has approximately 1,000,000 square feet of self-storage in development. Its multifamily housing business serves the outsized demand for best-in-class value rentals, with more than 3,000 residential units in its portfolio. LaTerra has global institutional investors including those from the US, Canada, and Australia.Contact:Barbara Casey310.990-0750bcasey@caseysayre.comSOURCE: LaTerra Development, LLC Copyright 2024 ACN Newswire via SeaPRwire.com.
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Pesawat pejuang Rusia dihentikan berhampiran Alaska oleh pasukan NORAD selepas interaksi ‘tidak selamat dan tidak profesional’ Berita

Pesawat pejuang Rusia dihentikan berhampiran Alaska oleh pasukan NORAD selepas interaksi ‘tidak selamat dan tidak profesional’

(SeaPRwire) - Dalam video yang dikeluarkan pada hari Isnin oleh Perintah Pertahanan Aeroangkasa Amerika Utara (NORAD), detik yang tegang digambarkan selepas terbang terlalu dekat dengan pesawat NORAD di atas Zon Pengenalan Pertahanan Udara Alaska (ADIZ).Menurut kenyataan yang dihantar kepada Digital oleh NORAD, "manuver udara yang tidak profesional yang diarahkan kepada pesawat F-16 NORAD kami" berlaku ketika ia "sedang menjalankan penangkapan rutin pesawat Tu-95 Rusia" pada 23 September.NORAD, dalam , menyatakan bahawa "ADIZ bermula di mana ruang udara berdaulat berakhir dan merupakan ruang udara antarabangsa yang ditentukan yang memerlukan pengenalan segera semua pesawat demi kepentingan keselamatan negara."Video tersebut menunjukkan saat ketika F-16 sedang menghampiri pesawat Tu-95 Rusia sebelum sebuah Su-35 Rusia terbang terus di hadapan pesawat pejuang NORAD, nampaknya mengejutkannya.Komander Perintah Pertahanan Amerika Utara dan Perintah Utara AS, Jeneral Gregory Guillot, kelakuan tersebut dan berkata, "Pesawat NORAD menjalankan penangkapan yang selamat dan berdisiplin terhadap Pesawat Tentera Rusia dalam Alaska ADIZ. Kelakuan sebuah Su-35 Rusia adalah tidak selamat, tidak profesional, dan membahayakan semua - bukan apa yang anda lihat dalam tentera udara profesional."NORAD, yang terdiri daripada AS dan , sebelum ini telah mengumumkan kehadiran empat pesawat Rusia di atas Zon Pengenalan Pertahanan Udara Alaska (ADIZ) pada 23 September 2024.Walaupun keluaran awal tidak menyertakan rakaman atau butiran tentang insiden berbahaya itu, ia menyatakan bahawa tiada satu pun pesawat Rusia memasuki ruang udara berdaulat Amerika atau Kanada."Aktiviti Rusia di Alaska ADIZ ini berlaku secara berkala dan tidak dilihat sebagai ancaman," kata keluaran itu.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Banjir dan tanah runtuh membunuh hampir 200 orang di Nepal Berita

Banjir dan tanah runtuh membunuh hampir 200 orang di Nepal

(SeaPRwire) - Bilangan orang yang terbunuh akibat banjir dan tanah runtuh yang dicetuskan oleh hujan lebat pada hujung minggu telah mencapai 193, sementara kerja-kerja pemulihan dan penyelamatan dipergiatkan pada hari Isnin.Kebanyakan kematian berlaku di ibu negara, Kathmandu, yang mengalami hujan lebat, dan sebahagian besar bahagian selatan bandar itu. Polis berkata dalam satu kenyataan bahawa 31 orang masih dilaporkan hilang.Tanah runtuh telah membunuh tiga puluh enam orang di sebuah lebuh raya yang disekat kira-kira 10 batu dari Kathmandu. Tanah runtuh itu telah menimbus sekurang-kurangnya tiga bas dan kenderaan lain di mana orang ramai tidur kerana lebuh raya itu disekat. kerana tiga lebuh raya keluar dari bandar itu disekat oleh tanah runtuh. Pekerja dapat membuka sementara lebuh raya Prithvi yang utama, membersihkan batu, lumpur dan pokok yang telah hanyut dari gunung.Menteri dalam negeri mengumumkan bahawa tempat perlindungan sementara akan dibina untuk orang yang kehilangan tempat tinggal dan bantuan kewangan akan disediakan untuk keluarga mereka yang terbunuh dan kepada orang yang cedera akibat banjir dan tanah runtuh.Perdana Menteri Khadga Prasad Oli sedang pulang ke rumah pada hari Isnin setelah menghadiri mesyuarat dan telah memanggil mesyuarat kecemasan, kata pejabatnya.Cuaca yang baik telah membolehkan kerja-kerja penyelamatan dan pemulihan dipergiatkan.Penduduk di bahagian selatan Kathmandu, yang dilanda banjir pada hari Sabtu, sedang membersihkan rumah mereka ketika paras air mula surut. Sekurang-kurangnya 34 orang terbunuh di Kathmandu, yang paling teruk dilanda banjir.Polis dan tentera membantu usaha menyelamat, sementara peralatan berat digunakan untuk membersihkan tanah runtuh dari jalan raya. Kerajaan mengumumkan bahawa ia akan menutup sekolah dan kolej di seluruh Nepal selama tiga hari akan datang.Musim tengkujuh bermula pada bulan Jun dan biasanya berakhir pada pertengahan September.Sementara itu, di utara Bangladesh, kira-kira 60,000 orang telah terjejas oleh banjir di kawasan rendah akibat hujan dan kenaikan air dari hulu India.Orang ramai telah berlindung di jalan raya dan tebing penahan banjir di daerah Lalmonirhat dan Kurigram, lapor akhbar berbahasa Inggeris Daily Star.Sungai Teesta yang menyeberangi sempadan itu telah melimpah di beberapa tempat dan sungai Dharala dan Dudhkumar di rantau Rangpur telah meningkat tetapi masih di bawah paras bahaya, kata Pusat Ramalan dan Amaran Banjir yang berpusat di Dhaka pada hari Isnin. Air mungkin mula surut dalam masa satu atau dua hari, katanya.Bangladesh adalah negara delta yang rendah yang dipenuhi oleh kira-kira 230 sungai, termasuk lebih daripada 50 yang menyeberangi sempadan.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Bilangan kematian meningkat kepada 18 dalam kejadian tembak-menembak beramai-ramai di Afrika Selatan, kata polis Berita

Bilangan kematian meningkat kepada 18 dalam kejadian tembak-menembak beramai-ramai di Afrika Selatan, kata polis

(SeaPRwire) - Seorang lagi telah meninggal dunia akibat kejadian tembak-menembak beramai-ramai di dua buah rumah di jalan yang sama pada hujung minggu lalu, menjadikan jumlah kematian kepada 18 orang, kata pegawai pada hari Isnin.Polis masih mencari penyerang yang melepaskan tembakan pada hari Sabtu terhadap orang ramai yang dilaporkan berkumpul untuk acara keluarga di kampung Lusikisiki di wilayah Eastern Cape.Kejadian tembak-menembak, yang berlaku di dua buah rumah berasingan di jalan yang sama, telah menimbulkan kemarahan terhadap rentetan kejadian baru-baru ini di negara tersebut.Motif pembunuhan itu masih belum diketahui dan polis berkata pada hari Isnin bahawa siasatan sedang dijalankan, dan tiada sebarang tangkapan telah dibuat.Presiden Afrika Selatan Cyril Ramaphosa mengecam pembunuhan itu dan berjanji bahawa kerajaan akan mengerahkan semua sumber yang diperlukan dalam siasatan.Beliau berkata pada hari Isnin bahawa 38 orang telah terbunuh dalam kejadian tembak-menembak beramai-ramai sebelumnya dalam tempoh dua tahun lalu dan 25 suspek telah ditangkap."Saya berasa sangat sedih untuk semua keluarga dan ahli masyarakat yang lebih luas yang terjejas akibat serangan ini, dan bagi pihak kita semua sebagai rakyat Afrika Selatan, saya menyampaikan ucapan takziah yang mendalam," katanya."Walaupun kita bersatu dalam kesedihan, kita juga bersatu dalam kemarahan dan kecaman kita terhadap serangan jenayah yang keterlaluan ini yang tidak akan terlepas daripada hukuman," katanya.Kejadian tembak-menembak itu menyusuli pembunuhan beramai-ramai di wilayah KwaZulu-Natal pada April 2023. Sepuluh ahli keluarga yang sama, termasuk tujuh wanita dan seorang budak lelaki berusia 13 tahun, dibunuh di rumah mereka.Enam belas orang telah ditembak mati di sebuah bar di kawasan setinggan Johannesburg, Soweto pada tahun 2022, kejadian tembak-menembak beramai-ramai yang paling buruk di Afrika Selatan dalam beberapa dekad sebelum kejadian terkini di Lusikisiki.Afrika Selatan mempunyai salah satu di dunia. Ia mencatatkan 12,734 kes pembunuhan dalam enam bulan pertama tahun ini, menurut polis.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Innovation Beverage Group Appoints Industry Leader Genevieve Jodhan, Former CEO of Angostura Holdings Limited, as Chief Sales Officer ACN Newswire

Innovation Beverage Group Appoints Industry Leader Genevieve Jodhan, Former CEO of Angostura Holdings Limited, as Chief Sales Officer

Genevieve served in many executive leadership roles, including as CEO at Angostura Holdings Ltd, the world's largest cocktail bitters producer and one of the Caribbean's largest leading rum producers.Genevieve has the experience and track record of delivering results and has proven leadership in international business development, revenue growth, and global distribution.The new CSO appointment comes as Innovative Beverage Group is set to pursue robust growth following its IPO and Nasdaq listing.SEVEN HILLS, AUSTRALIA, Sept 30, 2024 - (ACN Newswire via SeaPRwire.com) - Innovation Beverage Group Ltd, ("IBG" or the "Company") (Nasdaq:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today the appointment of Genevieve Jodhan as Chief Sales Officer.Genevieve is well known in the beverage industry as a senior executive with proven experience in brand building. Genevieve joined Angostura Holdings Limited, the brand owner of the global iconic cocktail bitters brand, Angostura Bitters, in 2007. During her 11+ years at Angostura, she moved through five executive appointments, from Supply Chain Operations to Export Business Development, International Sales, and Marketing and, in 2017, she became the company's first female Chief Executive Officer. She directed the commercial team that re-engineered the distribution model for Europe, the Middle East, Africa, Asia and Australia and the marketing of Angostura's international brands including Angostura Aromatic Bitters. In addition to her role as CEO, Genevieve continued to lead the brand building team and developed strategic brand re-positioning tools that enabled international growth in the beverage alcohol industry. Genevieve is a graduate of the University of the West Indies with a BSc in Economics, and an MSc in Logistics and Supply Chain Management from Cranfield School of Management in the U.K. Genevieve completed the Advanced Management Program at Harvard Business School, and since 2021, she has been a guest lecturer on Supply Chain Resilience for the Supply Chain Leadership development program at the University of Warwick, U.K."With Genevieve on our team, IBG is ready to capture greater market share and continue our momentum as a disruptive innovator in the beverage market. Specific to bitters, as well as the broader alcoholic beverage market, she brings a strong industry network and a wealth of know-how as the former CEO of Angostura, reported to be the world's most widely distributed beverage alcohol brand. Genevieve coming on board with IBG is a testament to the strength of our brand's portfolio," stated IBG's CEO, Dean Huge."IBG brings creativity and innovation to the market with its new products, branding, and market positioning. I've been very impressed with its portfolio of cocktail bitters under the Australian Bitters and Bitter Tales brands and non-alcoholic drinks under the Drummerboy brand. In a short time, Australian Bitters has built brand awareness and favorability with bartenders who are seeking to create spicier more flavorful cocktails. I'm pleased to join this progressive team and look forward to leading the growth of an expanding portfolio of new beverages," commented IBG's new Chief Sales Officer, Genevieve Jodhan.About Innovation Beverage GroupInnovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, Bitter Tales, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which disrupted a 200-year-old market leader, giving the Company a market dominating position in several territories, including a partnership in Australia with Coca-Cola Europacific Partners. Established in 2018, IBG's headquarters, distillery, innovation, and manufacturing facility are located in Sydney, Australia, with a U.S. sales office located in New Jersey. For more information visit www.innovationbev.com.Forward Looking StatementThis press release contains "forward-looking statements" and "forward-looking information." This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this press release or as of the date of the effective date of information described in this press release, as applicable.The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as "expects," "anticipates," "plans," "projects," "estimates," "envisages," "assumes," "intends," "strategy," "goals," "objectives" or variations thereof or stating that certain action events or results "may," "can," "could," "would," "might," or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the company is looking to achieve.All forward-looking statements are based on current beliefs as well as various assumptions made by and information currently available to the company's management team. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution any person reviewing this press release not to place undue reliance on these forward-looking statements as several important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur.The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Company or on behalf of the Company except as may be required by law.Investor Relations Contact:TraDigital IRJohn McNamara917-658-2602John@tradigitalir.comSOURCE: Innovation Beverage Group Copyright 2024 ACN Newswire via SeaPRwire.com.
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World CX Summit and Awards showcases major insights into the Future of CX ACN Newswire

World CX Summit and Awards showcases major insights into the Future of CX

BENGALURU, INDIA, Sept 30, 2024 - (ACN Newswire via SeaPRwire.com) - The 12th Global Edition of the World CX Summit and Awards, an event by Trescon, drew to a close at JW Marriott Hotel, Bengaluru on 19th September 2024. The event saw participation from over 250 customer experience (CX) professionals and technology leaders who gathered to explore the latest trends and innovations in customer service and engagement.At the summit, attendees explored a diverse range of sessions highlighting the most impactful technologies transforming customer experience. The discussions covered key topics such as the strategic implementation of generative AI, advancements in data analytics, and the evolving landscape of sentiment analysis. These sessions offered a comprehensive view of how these innovations are shaping and enhancing customer interactions.The day featured an engaging panel discussion on transforming customer experience, led by Fasih Abbas M, Senior Director & Head of Customer Success, Cashfree Payments. The deliberations focused on the importance of human interaction in the digital experience. The panelists Lakshman Velayutham, CMO, Ujjivan Small Finance Bank; Gurpreet Jolly, Head - Customer Experience Operations & Service Delivery, Ajio.com (Reliance Retail); Shruthi Bopaiah, Executive Vice President & Head - Customer Obsession, Axis Bank; Pinkustar Borah, Director - Head of IT - Customer Experience, South Asia, Unilever; and Ramanathan Rv, Co-founder and CEO, Hyperface Technologies explored the impact of subscription-based models on consumer behavior and expectations.Another noteworthy session focused on integrating marketing and technology to create customer-centric journeys. Led by Priya Chakravarthy, Vice President of Experience at BluSmart, the panel explored how AI/ML is providing predictive insights and automating marketing approaches to enhance customer experience. Panelists Kedar Ravangave, Head of Marketing at Kotak Mahindra Bank; Rahul Poddar, Country Head - MarTech at Narayana Health; Rakhi Rana, COO at Drools Pet Food; and Ambit Mishra, Head of Marketing Communication at UMPESL - A Tata Voltas Enterprise, discussed the role of Martech tools in understanding market dynamics, elevating search strategies, and boosting customer engagement.During the session while talking about hyperpersonalisation, Rahul Poddar, Country Head – MarTech at Narayna Health noted, “We are entering an era of hyper-personalization where consumers expect more than just satisfaction from products; they seek brands that become part of their lifestyle. AI and MarTech tools enable us to deeply understand consumer behavior, preferences, and even ensure empathy in every interaction, particularly in sectors like healthcare. As we shift from traditional communication methods to platforms like WhatsApp, we must adapt our messaging to be concise and relevant, embracing these changes to better engage our customers.”The Top 100 CX Leaders and Top 50 Marketing Leader awards ceremony honored the innovators and leaders who have made significant contributions to enhancing customer experience and setting new standards of excellence. On the conclusion of the event, Mithun Shetty, Co-Founder, Trescon said, “The 12th Global Edition of the World CX Summit and Awards showcased how AI, hyper-personalization, and phygital solutions are transforming customer experience. We explored how innovation is driving seamless, customer-centric journeys and helping businesses meet the growing demand for personalized, tech-driven interactions.”The World CX Summit and Awards wrapped up by inspiring attendees with forward-thinking strategies to elevate customer experience. The event highlighted the importance of aligning technology with a human-centered approach to meet evolving customer expectations. As businesses adapt to the rapidly changing landscape, the insights gained and connections forged at the summit will play a pivotal role in shaping more personalized and impactful customer journeys, reinforcing the value of CX as a key driver of long-term success and brand loyalty.About Trescon Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients. For more information about Trescon, visit: www.tresconglobal.com For media inquiries and further information, please contact: Vishal S SMedia, PR and Corporate Communications SpecialistTresconEmail: vishals@tresconglobal.com Mobile: +91-7358680951 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Olympus Launches VISERA S, a New Imaging Platform JCN Newswire

Olympus Launches VISERA S, a New Imaging Platform

TOKYO, Sept 30, 2024 - (JCN Newswire via SeaPRwire.com) - Olympus Corporation (Olympus), a global MedTech company committed to making people’s lives healthier, safer and more fulfilling, today announced the launch of VISERA S1, the all-in-one imaging platform with stroboscopy. The new video platform integrates advanced diagnostic capabilities, including NBI (Narrow Band Imaging) technology2, and forms part of the expanding Ear, Nose and Throat (ENT) solution from Olympus. The company will first launch VISERA S from September 2024 in Europe and parts of Asia and Oceania. VISERA S will later be introduced in other regions after product registration has been approved by the local regulatory bodies.Designed to help improve ENT diagnostic efficiency and patient experience, VISERA S offers an integrated video diagnosis system that brings NBI to a range of patient settings, from outpatient offices to private practices. With VISERA S, the clinician can switch between white light, NBI and stroboscopy capabilities and use the sharp HD quality visualization to detect, characterize and treat ENT disease.VISERA S VIDEO SYSTEM CENTER OLYMPUS OTV-S500An all-in-one platform with NBI and advanced visualizationVISERA S, with its improved color resolution, depth of field and minimized noise, is expected to improve the contrast and visibility of vascular structures and mucosa.Integrated model with video system center and multiple light sourcesIn previous models, the video system and strobe light source were separated, but VISERA S integrates them into a single unit. This allows switching between white light mode, NBI and stroboscopy modes at the touch of a button, which is expected to improve operability.Expanded compatibilityEnhancing Olympus’ commitment to continuous diagnostic and patient-centered innovation, VISERA S supports a HD camera head, which provides higher image quality than the legacy video platform. VISERA S is also highly adaptable by being compatible with other Olympus scopes, camera heads, monitors and other existing video equipment.Streamline and simplify patient careVISERA S is engineered to reduce effort and improve patient experience without complexity. While previous models could only store still images, the new imaging platform can store higher-quality still images and record video, capturing a comprehensive procedural record and contributing to comprehensive reporting.Comment from Martijn Koster, Global ENT Business Unit Leader at Olympus“VISERA S brings the power of early, patient-friendly diagnosis to the office, outpatient and private practice ENT care settings. By listening and innovating around the needs of our customers and their patients, we envision that the variety of diagnostic tools on the VISERA S can potentially diagnose disease earlier in the patient care pathway. The VISERA S will help ENT physicians deliver next-generation diagnostic imaging that advances their efforts to save lives through earlier diagnosis.”1 This product is also applicable to urology and obstetrics and gynecology.2 NBI (Narrow band imaging) is an imaging technique for examining features such as the small blood vessels in mucosa and the surface patterns. NBI highlights tissue by illuminating it with two narrow bands (wavelengths) of light that are absorbed by the hemoglobin in blood without making use of a fluorescence dye.About OlympusAt Olympus, we are committed to Our Purpose of making people’s lives healthier, safer and more fulfilling. As a global medical technology company, we partner with healthcare professionals to provide best-in-class solutions and services for early detection, diagnosis and minimally invasive treatment, aiming to improve patient outcomes by elevating the standard of care in targeted disease states. For more than 100 years, Olympus has pursued a goal of contributing to society by producing products designed with the purpose of delivering optimal outcomes for its customers around the world. For more information, visit https://www.olympus-global.com/ and follow our global X account: @Olympus_Corp.Media contact:Mail: Global-Public_Relations@olympus.com Olympus Corp [TYO: 7733] [ADR: OLYMY] [STU: OLY1] [FRA: OLYS] https://www.olympus-global.com Copyright 2024 JCN Newswire via SeaPRwire.com.
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Fujitsu launches “Takane” – A large language model for enterprises offering the highest Japanese language proficiency in the world JCN Newswire

Fujitsu launches “Takane” – A large language model for enterprises offering the highest Japanese language proficiency in the world

KAWASAKI, Japan, Sept 30, 2024 - (JCN Newswire via SeaPRwire.com) - Fujitsu today announced the launch of Takane, a large language model (LLM) designed for enterprise use in secure private environments. Developed in collaboration with Cohere Inc., (1) Takane represents a significant leap forward in generative AI capabilities, offering world-class Japanese language capabilities.Fujitsu will integrate this new LLM into its generative AI services on Fujitsu Kozuchi and offer it through Fujitsu Data Intelligence PaaS (DI PaaS), an all-in-one operation platform that is part of Fujitsu Uvance, Fujitsu’s portfolio of solutions addressing cross-industry societal challenges. Takane will be available globally starting September 30, 2024.Takane, which has achieved world-leading results on the Japanese General Language Understanding Evaluation (JGLUE) benchmark (2), is designed for enterprise use in a secure private environment. Fujitsu will offer Takane alongside its generative AI framework for enterprises which comprises knowledge graph extended RAG technology for referencing large-scale text and monitoring technology for generative AI that ensures output is compliant with laws, regulations, and corporate rules. With this comprehensive approach, Fujitsu aims to create an LLM that supports customers' business transformation.With the launch of Takane, Fujitsu elevates its generative AI offerings on Fujitsu Kozuchi with a high-precision LLM tailored for secure private environments. This strategic move aligns with Fujitsu's vision for seamlessly integrating generative AI into business operations.Takane will also be provided under an initiative to deliver total support for customers' generative AI journeys by combining the LLM with its Uvance Wayfinders consulting service and broader Fujitsu Uvance offerings. With this comprehensive approach, Fujitsu aims to empower customers to unlock new value and address societal issues by enhancing productivity, creativity, and innovation in their business operations.Vivek Mahajan, Corporate Vice President, CTO, CPO, Fujitsu Limited, comments:“Takane represents a key part of Fujitsu’s AI strategy, which was unveiled last year. Takane will empower companies in industries that demand the highest level of security to harness the power of generative AI. Fujitsu is committed to creating new value for businesses by developing cutting-edge AI technologies. This commitment fuels our three growth drivers: modernization, Fujitsu Uvance, and consulting, which are all powered by our innovative technology.”Yoshinami Takahashi, Corporate Vice President, COO, Fujitsu Limited, comments:“Fujitsu Uvance supports our customers’ business growth and the resolution of societal challenges through advanced decision-making supported by data and AI. We are excited to offer Takane, a state-of-the-art LLM specifically optimized for the Japanese language to a wider audience via our DI PaaS platform. We are dedicated to support customer’s business transformation by bringing the most advanced AI to market, not only through our own innovations, but also by collaborating with our global partners.”Aidan Gomez, Co-founder and CEO, Cohere Inc., comments:"We are very excited to bring Takane’s advanced Japanese LLMs to global enterprises. Our partnership with Fujitsu accelerates AI adoption in this critically important market by offering secure, performant AI designed specifically for business use across Japanese and other languages."Growing demand for specialized LLMs optimized for Japanese business needsThe adoption of generative AI is increasing globally across industries including marketing and customer service. However, general-purpose LLMs are often delivered through public cloud services and are therefore not suitable for use in industries handling confidential data and for tasks requiring compliance with laws, regulations, and industry rules. Furthermore, characteristics of the Japanese language, including the mixed use of multiple character types, omitted subjects, and honorific expressions also pose significant hurdles for general-purpose LLMs, limiting their accuracy and reliability in business contexts. A highly accurate Japanese LLM is especially important for sectors including government, finance, healthcare, and law, where even minor language errors can have serious consequences.Takane features1. Strong Japanese language capabilitiesTakane is based on Cohere's LLM Command R+ and combines Fujitsu’s extensive knowledge in developing Japanese-specialized LLMs with Cohere's expertise in creating task-specific language models. Takane will be offered exclusively by Fujitsu around the world. Through additional training and fine-tuning to enhance Japanese language capabilities, Takane has achieved industry-leading performance on the JGLUE benchmark for Japanese language understanding, surpassing competitors (3) in natural language inference (JNLI), reading comprehension (JSQuAD) tasks, and semantic understanding and syntactic analysis as demonstrated by its top ranking on the Nejumi LLM leaderboard3. Takane further includes Command R+’s multilingual support (covering 10 languages) and its ability to automate business processes.2. Secure private environmentTakane is a medium-sized LLM that can be used in a secure, private environment. This allows for its safe use in industries where data breaches are a concern, such as finance, manufacturing, and the security sectors, which all handle sensitive data.3. Specialization through fine-tuningTakane can be further specialized for customer operations through fine-tuning and customization using company data. Cohere's RAG technology in combination with Fujitsu’s knowledge graph extended RAG and generative AI auditing technologies further facilitate compliance with laws and regulations, as well as industry and corporate rules. Fine-tuning and RAG technology make it possible to use Takane even in industries with specialized terminology and frequent regulatory revisions, such as the financial industry.Fujitsu will offer Takane through its DI PaaS platform, thereby creating a business application that combines data and AI. DI PaaS empowers organizations to unify vast, disparate data sources, both internal and external, and glean meaningful insights. By enabling seamless connection and analysis of data across departments and industries, DI PaaS helps customers to unlock new knowledge and solutions, and fosters data-driven innovation across organizations.Fujitsu will unlock increased productivity and creativity and continue supporting customers’ business transformation through AI/data integration.Takefumi Yamamoto, Operating Officer, Deputy Group Chief Information Officer, Mizuho Financial Group, Inc., comments:“In fiscal 2023, we conducted joint trials with Fujitsu to explore the potential of generative AI in system development and maintenance. Since fiscal 2024, we have been using Fujitsu Kozuchi to enhance system quality by streamlining parts of the system development process. Now, with the launch of the enterprise LLM Takane, we are excited to unlock even greater possibilities. By leveraging knowledge graph extension RAG and other cutting-edge technologies, we will be able to utilize our internal knowledge much more efficiently. We’re committed to continuously improving the quality and resilience of our system development and maintenance processes, and we believe ‘Takane’ will be a valuable tool in achieving this goal.”Shoji Tanaka, Ph.D, Senior General Manager, Corporate AI Strategy Division, Deputy Senior General Manager, DX Innovation Center, Mitsubishi Electric Corporation, comments:“Takane seamlessly merges the world-class technologies of Fujitsu and Cohere. This powerful combination opens up a whole new realm of possibilities for the generative AI market in Japan, and I am excited to see what the future holds for both companies.”Yuki Shuto, Partner, Chief Strategy & Innovation Officer, Asia Pacific Leader of Technology, Media and Telecommunications, Deloitte Tohmatsu Consulting LLC, comments:"Generative AI has moved beyond proof-of-concept in numerous organizations, transitioning into a phase of full-scale integration across products, services, and operations. The key to success will be secure, reliable LLMs that enable organizations to confidently share and leverage their data. Takane, with its enhanced Japanese language capabilities, holds immense potential to accelerate transformation within Japanese businesses and government agencies. Deloitte Tohmatsu, in collaboration with Fujitsu, is committed to unlocking the full potential of generative AI and contributing to the growth of Japan's economy and society.”Takafumi Yano, CEO, RUTILEA, Inc., comments:“Under our slogan ‘AI Made Easy,’ we are committed to providing highly accurate AI services that will enable the integration of AI into all business processes. We are currently pursuing vertical AI initiatives in specific industries, including central government, local governments, the automotive industry, the pharmaceutical industry, and power procurement optimization. In 2024, we will launch an AI development platform business with the establishment of a GPU data center in Okuma Town, Futaba District, Fukushima Prefecture, Japan. 'Takane' holds the potential to significantly accelerate the adoption of AI in various vertical industries across Japan. We look forward to the day when we can contribute to its development and utilization."[1]Cohere Inc: Headquarters: Toronto, Ontario, Canada; San Francisco, California, USA; Co-founder and CEO: Aidan Gomez[2]Achieved world-leading results on the Japanese General Language Understanding Evaluation (JGLUE) benchmark: Takane outperformed other LLMs on JGLUE, including large-scale, general-purpose LLMs provided through cloud services. For JNLI and JCoLA, there was uncertainty in the correct data (ground truth), so the correct data were corrected by multiple annotators and measured as reference values (as measured by Fujitsu and Cohere in September 2024).[3]Surpassing competitors: On the Nejumi LLM Leaderboard 3, which evaluates the Japanese language capabilities of LLM models, Takane achieved the highest performance in the semantic understanding category with a score of 0.862 and in the syntactic analysis category with a score of 0.773 (as measured by Fujitsu and Cohere in September 2024).[4]JGLUE: Japanese version of GLUE (General Language Understanding Evaluation) (JGLUE: Japanese General Language Understanding Evaluation; Kentaro Kurihara (Waseda University), Daisuke Kawahara (Waseda University), Tomohide Shibata, 28th Annual Meeting of the Language Processing Society of Japan (NLP2022))[5]JSTS: Task to estimate the semantic similarity between a pair of sentences.[6]JCoLA: Task for syntactic evaluation of Japanese language models[7]JNLI: Task for natural language inference that recognizes the inference relationship between a premise sentence and a hypothesis sentence.[8]JCommonsenseQA: Task to assess commonsense reasoning ability.[9]JSQuAD: Machine reading comprehension task to evaluate ability to read a document and answer questions about it.About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.Press ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiries Copyright 2024 JCN Newswire via SeaPRwire.com.
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DENSO Announces Changes of Executive Responsibility and Executive Officers JCN Newswire

DENSO Announces Changes of Executive Responsibility and Executive Officers

KARIYA, JAPAN, Sept 30, 2024 - (JCN Newswire via SeaPRwire.com) - DENSO CORPORATION, a leading mobility supplier, today announced changes in responsibility for a Member of the Boardand Executive Officers, effective October 1, 2024.About DENSO CORPORATIONGlobally headquartered in Kariya, Japan, DENSO is a $47.2 billion leading mobility supplier that develops advancedtechnology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in around 180 facilities worldwide to provide opportunities for rewarding careers and to produce cutting-edge electrification, powertrain, thermal and mobility electronics products, amongothers, that change how the world moves. In developing such solutions, the company’s 162,000 global employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. DENSOspent around 7.7 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2024. For more information about DENSO’s operations worldwide, visit www.denso.com/global. Copyright 2024 JCN Newswire via SeaPRwire.com.
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Mitsubishi Corporation: JOGMEC Commissioned Feasibility Study for Overseas CCS Value Chain JCN Newswire

Mitsubishi Corporation: JOGMEC Commissioned Feasibility Study for Overseas CCS Value Chain

TOKYO, Sept 30, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Corporation (MC) has officially been awarded two overseas CCS projects jointly submitted by the Japan Energy and Metals National Corporation (JOGMEC) with another company in the FY 2024 Public Offering for Research on Implementation of Advanced CCS Projects (Public Offering). The projects officially accepted this year are as follows:Project nameOceania CCS ProjectNorthern Offshore Malay Peninsula CCS ProjectPartners(in no particular order)Mitsubishi CorporationNippon Steel CorporationExxonMobil Asia Pacific Pte. Ltd.Mitsubishi Chemical CorporationMitsubishi Corporation Clean Energy CorporationMitsubishi CorporationENEOS CorporationJX Nippon Oil & Gas Exploration CorporationJFE Steel CorporationCosmo Oil Co., Ltd.Nippon Shokubai Co., Ltd.PETRONAS CCS Solutions Sdn BhdEmission sourcesMultiple industries in Ise Bay and the Chubu regionMultiple industries in the Tokyo Bay areaOthersAccepted following last year-Oceania CCS Project: www.mitsubishicorp.com/jp/en/pr/archive/2024/files/0000054620_file1.pdfNorthern Offshore Malay Penninsula CCS Project: www.mitsubishicorp.com/jp/en/pr/archive/2024/files/0000054620_file2.pdf Inquiry Recipient:Mitsubishi CorporationTelephone:+81-3-3210-2171 Copyright 2024 JCN Newswire via SeaPRwire.com.
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Pro Visionary’s Commitment to ESG Gains Momentum Amid Evolving Australian Market ACN Newswire

Pro Visionary’s Commitment to ESG Gains Momentum Amid Evolving Australian Market

SYDNEY, AU, Sept 30, 2024 - (ACN Newswire via SeaPRwire.com) - As ESG (Environmental, Social, and Governance) considerations take centre stage in the financial industry, Pro Visionary, a Sydney-based wealth management company, continues to integrate these principles into its investment strategies. The global shift towards sustainability is not just a trend, but a long-term transition in how businesses operate, and Australia is no exception. Pro Visionary's team has recognised the importance of ESG in shaping the future of investment portfolios, particularly within the fixed-income sector.In the Australian finance market, ESG investments have grown substantially over the past few years. The emphasis on sustainability is no longer limited to equity investments but extends to fixed-income markets as well. Bonds issued by environmentally or socially responsible entities, such as green bonds or social bonds, have been attracting considerable interest. These instruments have gained traction due to their ability to provide stable returns while addressing urgent environmental and social challenges. Recent data from the Responsible Investment Association Australasia (RIAA) indicates a rising demand for such fixed-income products, with investors seeking both financial performance and measurable societal impact.Michael White, Senior Adviser at Pro Visionary, highlighted the role that ESG plays in shaping the investment landscape. "ESG criteria have evolved into key drivers of long-term value. Integrating ESG into fixed-income strategies enhances risk management and fosters sustainable returns. Investors are increasingly recognising that incorporating environmental and social factors is no longer a compromise but a means to strengthen portfolios in the face of emerging risks."White's commentary aligns with broader market trends, where investors have noted that ESG risks, such as climate change or poor corporate governance, can directly impact the creditworthiness of issuers. In Australia, the adoption of ESG measures in fixed-income strategies has been especially relevant due to the country's vulnerability to climate risks, such as extreme weather events and their impact on industries like agriculture and energy.Mark Thompson, also a Senior Adviser at Pro Visionary, expanded on this by discussing the firm's commitment to identifying opportunities that align with sustainable development. "The focus on ESG not only contributes to the greater good but also identifies companies with strong governance and forward-looking strategies. This helps manage risks that traditional models may overlook. Furthermore, fixed-income products like green bonds offer avenues to support infrastructure projects aimed at decarbonising industries, which will be critical in the years ahead."Thompson's perspective is increasingly echoed by many Australian investors who are aware of the need for sustainability within their portfolios. With the Australian government placing stronger emphasis on sustainable finance through various policy frameworks, this creates a conducive environment for further growth in ESG-related investments, including within the bond market.Pro Visionary's approach involves a careful evaluation of ESG factors at every level of the investment process. By doing so, the firm seeks to provide investors with exposure to assets that not only offer solid returns but also contribute positively to societal outcomes. The firm has implemented stringent evaluation criteria for bonds that promote environmental sustainability and social responsibility, aligning with global ESG standards.While ESG-focused investments are still evolving in the fixed-income space, Pro Visionary believes that the momentum is only set to grow. "Incorporating ESG into fixed-income investments doesn't just align portfolios with values-it builds resilience. As regulatory frameworks tighten and consumer expectations shift, investment portfolios that ignore ESG risk lagging behind," commented White.As Australia's financial landscape adapts to this ESG wave, Pro Visionary remains committed to identifying fixed-income opportunities that align with both the financial goals and ethical standards of investors. Through ongoing research and an informed understanding of the global ESG environment, the company aims to support the transition to a more sustainable and responsible future, all while ensuring that risk-adjusted returns remain a priority for their clients.About Pro Visionary Pty LtdPro Visionary is an active investment manager in Australian and Global Equities, Credit and Fixed-Income. We focus on identifying quality investments to deliver consistent outperformances.Media ContactColin Watts - Director of CommunicationsE: media@provisionaryptyltd.comT: +61 2 5502 5020SOURCE: Pro Visionary Pty Ltd Copyright 2024 ACN Newswire via SeaPRwire.com.
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Qiniu Limited (02567.HK) starts offering today with a global offering of 159.75 million shares ACN Newswire

Qiniu Limited (02567.HK) starts offering today with a global offering of 159.75 million shares

Summary of the Global Offering- Number of Offer Shares under the Global Offering: a total of 159,750,000 Shares (subject to the Over-allotment Option); comprising 143,775,000 International Offer Shares (subject to the Over-allotment Option and reallocation) and 15,975,000 Hong Kong Offer Shares (subject to reallocation)- Maximum Offer Price: HK$2.86 per Offer Share (payable in full on application in Hong Kong dollars and subject to refund)- Hong Kong Public Offering commences at 9:00 a.m. on Monday, September 30, 2024 and closes at 12:00 noon on Thursday, October 10, 2024- Dealings in the Shares on the Stock Exchange expected to commence at 9:00 a.m. on Wednesday, October 16, 2024- Stock code: 2567.HK- The Shares of the Company will be traded in board lots of 1,000 Shares each- Shenwan Hongyuan Capital (H.K.) Limited and BOCOM International (Asia) Limited are the Joint Sponsors, Shenwan Hongyuan Securities (H.K.) Limited, BOCOM International Securities Limited and Huatai Financial Holdings (Hong Kong) Limited are the Overall Coordinators, the Joint Global Coordinators, the Joint Bookrunners and the Joint Lead Managers of the Global OfferingHONG KONG, Sept 30, 2024 - (ACN Newswire via SeaPRwire.com) - Qiniu Limited ("Qiniu" or the "Company"; Stock Code: 2567.HK) announces the listing of its shares in a global offering (the"Global Offering") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange").The number of Offer Shares under the Global Offering totaled 159,750,000 (subject to the Over-allotment Option). This includes 15,975,000 Hong Kong Offer Shares initially available under the Hong Kong Public Offering (subject to reallocation); and 143,775,000 International Offer Shares (subject to the Over-allotment Option and reallocation).The Hong Kong Public Offering will commence at 9:00 a.m. on Monday, September 30, 2024 and end at 12:00 noon on Thursday, October 10, 2024. Dealings in the Shares on the Stock Exchange are expected to commence at 9:00 a.m. on Wednesday, October 16, 2024. The Shares will be traded in board lot sizes of 1,000 Shares. The stock code will be 2567.HK.The Company will receive net proceeds from the Global Offering of approximately HK$374.7 million (assuming that the Over-allotment Option is not exercised), assuming an Offer Price of HK$2.80 per Share, which is the mid-point of the Offer Price range stated in this prospectus and after deduction of the underwriting fees and estimated expenses payable by the Group relating to the Global Offering.The Company intends to use the net proceeds from the Global Offering for the following purposes:- Approximately 38.0% of the net proceeds from the Global Offering, or approximately HK$142.4 million, will be used for penetrating and deepening our presence in the application scenarios of our APaaS business and developing and expanding our customer base;- Approximately 20.0% of the net proceeds from the Global Offering, or approximately HK$74.9 million, will be used for expanding our overseas business over the next 36 to 60 months;- Approximately 12.0% of the net proceeds from the Global Offering, or approximately HK$45.0 million, will be used for enhancing our research and development capabilities and improving our technology infrastructure;- Approximately 20.0% of the net proceeds from the Global Offering, or approximately HK$74.9 million, will be used for selected mergers, acquisitions, and strategic investments, including to continue seeking potential businesses and assets that can supplement or enhance our existing business and are strategically beneficial to our long-term goals in the next 36 to 60 months;- Approximately 10.0% of the net proceeds from the Global Offering, or approximately HK$37.5 million, will be used for working capital and general corporate purposes.Shenwan Hongyuan Capital (H.K.) Limited and BOCOM International (Asia) Limited are the Joint Sponsors, Shenwan Hongyuan Securities (H.K.) Limited, BOCOM International Securities Limited and Huatai Financial Holdings (Hong Kong) Limited are the Overall Coordinators, the Joint Global Coordinators, the Joint Bookrunners and the Joint Lead Managers of the Global Offering.Qiniu LimitedQiniu Limited ("Qiniu" or the "Company"), found in 2011, is the second largest audiovisual APaaS provider and the third largest PaaS provider in China based in Shanghai, the PRC and focuses on the audiovisual cloud service. At present, the Company has become a company which has developed comprehensive and high-performance MPaaS products and possessed technology capabilities that are integrated and cover all aspects of the audiovisual business. As of March 31, 2024, the Company had over 1,500,000 registered users across various industries including, among others, pan-entertainment, social networking, healthcare, e-commerce, education, media, financial services, automotive, telecommunications and intelligent manufacturing. The revenue of the Company accounted for 1.5% of the entire audiovisual cloud service market in 2023, according to iResearch. The Company is the third largest audiovisual PaaS provider in China in terms of revenue in 2023, with a market share of 5.8%, and the second largest audiovisual APaaS provider in China in terms of revenue generated from APaaS in 2023 with a market share of 14.1%.The press release is distributed by Intelligent Joy Limited on behalf of Qiniu Limited.For further information, please contact:Intelligent Joy LimitedGrace Ge / Banjy ChenTel:(852)3594 6407Email: grace.ge@intelligentjoy.com / banjy.chen@intelligentjoy.comImportant Disclaimer:The press release is for information purposes only and does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for any securities of the Company, nor does constitute the recommendation for the securities to be sold or any invitation or offer to acquire, purchase or subscribe for the securities. Potential investors should read the prospectus for detailed information about the Company and the proposed offering before deciding whether or not to purchase the shares of the Company. Any application for subscription of the shares of the Company involved in the press release shall only rely on the prospectus published by the Company on September 30, 2024. Copyright 2024 ACN Newswire via SeaPRwire.com.
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DPC Dash Achieved Profitability with Double-Digit Revenue Growth Despite Industry Challenges ACN Newswire

DPC Dash Achieved Profitability with Double-Digit Revenue Growth Despite Industry Challenges

HONG KONG, Sept 30, 2024 - (ACN Newswire via SeaPRwire.com) - In the first half of 2024, the restaurant industry faced significant challenges due to shifting consumer preferences, changing spending habits and intensified competition. The increasing cost of goods and fiercely competitive pricing have resulted in an overall decline in industry profitability, with several large-scale restaurants reporting losses. Despite this challenging environment, DPC Dash ("Domino’s Pizza China" or the "Company") (1405.HK) has leveraged these changes as a catalyst for growth, developing a new competitive edge focused on high quality-to-price ratios, allowing the company to flourish against prevailing trends.DPC Dash, Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, has successfully implemented its 4D strategy of Development, Delicious Pizza at Value, Delivery, and Digital. This approach has driven sustainable growth and profitability in the underserved Chinese pizza market in the first half of 2024, as reported in the company’s recently released interim financial report.In the first half of 2024, DPC Dash generated record-high revenue of RMB2.04 billion, representing a year-over-year increase of 48.3%. This steady revenue growth reflects DPC Dash’s sustainable business model and resilient counter-cyclical strategy, which have significantly improved its profitability.The Company’s financial improvement is demonstrated by its positive adjusted net profit and net profit after tax. Adjusted net profit turned positive in the first half of 2024 to reach RMB 50.9 million, compared to an adjusted net loss of RMB17.4 million in the same period of 2023. The company also reported a net profit after tax of RMB10.9 million, a 24.6% year-over-year increase compared to RMB8.8 million of the same period of 2023, positively impacted by the fair value gain of approximately RMB119.3 million on convertible senior ordinary shares.Another testament to the company’s strong profitability is its same-store sales growth (SSSG), which compares the sales generated by same stores during the relevant period year-on-year. In the face of recent market challenges, it is extremely difficult to maintain positive SSSG momentum. DPC Dash has demonstrated its ability to deliver sustainable growth, achieving 28 consecutive quarters of SSSG, while continuing its expansion efforts.As a franchisor of Domino’s Pizza, Inc., one of the world’s largest pizza companies, DPC Dash leverages this global strength to execute its 4D strategy, which continues to drive the company’s success in the underserved China pizza market.DPC Dash has continued to execute its “go-deeper, go-broader” strategy, as DPC Dash added 146 stores and entered 4 cities in the first half of 2024. Total stores reached 914 across 33 cities as of June 30, 2024. This represents more than an eightfold increase in store numbers since the current management took over in 2017. Newly-opened stores have been delivering exceptional performance. In the first half of 2024, revenue generated from new growth markets accounted for 61% of the total revenue, making new growth markets the Company’s main growth driver. Store numbers in the new growth markets exceeded 50% of all stores. At the beginning of May, DPC Dash expanded its presence by entering three new cities: Taizhou, Huizhou, and Jinhua in one week. The first stores in Huizhou and Jinhua both broke the DPC Dash record for daily sales. In June, DPC Dash celebrated the grand opening of its 900th store in Chengdu, Sichuan. As of July 31, 2024, DPC Dash held 28 of the top 30 positions for first 30-day sales among Domino's stores globally. In newly entered markets, DPC Dash continues to expand its presence with more stores opening, while maintaining strong performance in existing stores. Among 42 stores the Company opened in 12 new cities from the late December 2023 through the first half of 2024, 18 stores have already achieved payback. The Company is expecting a shorter payback period on new stores than previously, reflecting the efficiency of its expansion strategy.A McKinsey report identifies several key trends shaping consumer behavior, including a notable rise in engagement among younger consumers, especially in lower-tier cities where confidence remains relatively high. This demographic is more inclined to explore new dining experiences and local cuisines, providing restaurants with opportunities to innovate and attract this growing market segment. The newly-opened stores of DPC Dash in new markets have enjoyed great popularity, with people forming long lines at new locations. In response, DPC Dash actively suspended delivery services for selected new stores to cater to the high demand for in-store dining.Long queue in front of Domino‘s Pizza store in China MainlandDPC Dash has continuously innovated its product offerings and services at value to better serve customers’ evolving tastes and provide satisfying dining experience. Domino’s Pizza has established a global reputation for tasty pizza products and very innovative menus. The company introduces new stock keeping units (SKUs) every six to eight weeks, on average. In the first seven months of 2024, DPC Dash introduced three new pizza varieties and two new crust options, such as barbeque pork stuffed crust and coconut and pumpkin double decker.Now the menu boasts over 30 pizza varieties and approximately 20 crust options, with pizza sales contributing more than 75% of the total sales. DPC Dash recently launched the new Volcano crust, filled with oozing cheddar cheese magma and Oreo crumbs. This unique concept in the pizza industry has already garnered positive feedback and recognition from the customers.Volcano Crust from Domino’s Pizza ChinaAt the same time, DPC Dash has been offering value options on its menu with regular promotions on “Crazy Tuesday & Wednesday” and the “Mega Weeks”. Limited-time promotions partnering with popular brands cross sectors, such as Tencent Games and Hello Kitty, have also proven attractive to customers.Meanwhile, brand marketing activities have become more targeted and cost-effective as the company strengthened its brand through network growth and strong performance in newly-entered markets. The Company has continuously enhanced its offering of personalized rewards, improving both new customer conversion and existing customer retention. As of August 2024, DPC Dash’s loyalty program has surpassed 20 million members, nearly doubling from 10.9 million members in June 2023. The Company continue to drive customer engagement, attracting new customers by dynamically engaging them through multiple online channels.To cater to the surging demand, DPC Dash has set up central kitchens in Sanhe, Shanghai and Dongguan. In the central kitchens, the Company has already introduced automated machines to further boost production efficiency and management capability, as well as to improve delivery efficiency. The success of the 4D strategy execution is reflected in enhanced profitability metrics on both store and group levels. The store-level operating profit margin increased to 14.5% in the first half of 2024, up from 13.5% in the same period last year. The store-level EBITDA margin increased to 19.3% in the first half of 2024, up from 18.7% in the first half of 2023. At the group level, group adjusted EBITDA reached RMB233.4 million, representing an 83.7% year-over-year increase from 127.0 million in the first half of 2023. Accordingly, group adjusted EBITDA margin rose to 11.4%, nearly tripling from 3.9% in year end of 2021.In addition to serving consumers, DPC Dash remains committed to delivering long-term value to its shareholders. Only one year after its successful listing on Hong Kong Stock Exchange, DPC Dash has been officially included in both the Shanghai-Hong Kong Stock Connect Program and Shenzhen-Hong Kong Connect Program, and has been selected to be a constituent stock for the Hong Kong Hang Seng Composite Index, effective in September. Reuters reported on September 27, "China stocks record best week since 2008." The New York Times stated, "The volatile Hang Seng Index in Hong Kong, which includes a range of companies with activities in Hong Kong and in mainland China, was also up 12.8 percent this week." DPC Dash's stock has experienced substantial growth since its IPO, increasing by over 20% in the past ten trading days as of September 27.DPC Dash has announced plans to open approximately 240 new stores in 2024, and will open its 1000th store in the fourth quarter of 2024. As of August 20, 2024, the Company has opened an additional 31 stores, with 29 stores under construction, and 21 stores signed, putting it on track to meet its full-year opening target. The company expects to open approximately 300 to 350 stores in both 2025 and 2026.The early months of 2024 have shown a remarkable 12.5% increase in foodservice sales, indicating a robust recovery in the hospitality sector, according to a report from McKinsey & Company. This surge reflects increased consumer confidence and a return to dining out as pandemic restrictions ease, suggesting that consumers are willing to spend more on experiences such as dining, which is crucial for the restaurant industry.Amid the attractive, growing market with its vast geographical scope and population, companies are striving for profitability and growth that requires more stable and resilient strategies. DPC Dash will continue to execute its 4D strategy in an efficient manner, aiming to deliver delicious pizza at value to customers, and sustainable long-term value for all stakeholders. Copyright 2024 ACN Newswire via SeaPRwire.com.
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