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Hitachi Completes Acquisition of GlobalLogic

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TOKYO, Jul 14, 2021 – (JCN Newswire) – Hitachi, Ltd. (TSE: 6501, “Hitachi”) today announced that it has completed the acquisition of GlobalLogic Inc. (“GlobalLogic”) pursuant to the terms of the definitive agreement signed on March 31, 2021. As announced in the press release dated March 31, Hitachi Global Digital Holdings LLC (“HGDH”), a U.S. subsidiary of Hitachi, has acquired 100% of the outstanding shares of GlobalLogic Worldwide Holdings, Inc. (“GlobalLogic Worldwide Holdings”), the parent company of GlobalLogic, and GlobalLogic Worldwide Holdings and GlobalLogic have become wholly owned subsidiaries of HGDH.

With more than 21,000 professionals working in engineering centers, and design studios around the globe, GlobalLogic specializes in advanced digital engineering, experience design, and data services to help clients accelerate innovation and the development of new digital products and experiences, through collaborative creation on a global scale. The acquisition of GlobalLogic will enhance Hitachi Group’s ability to deliver on its strategy to promote Social Innovation Business through digital technology to solve the issues faced by customers and society. In addition, Hitachi Group will be able to further accelerate the digital transformation of social infrastructure on a global scale by expanding its core Lumada digital solutions business globally.

GlobalLogic’s capabilities combined with Hitachi’s Lumada will enable GlobalLogic to deploy Hitachi’s extensive library of digital solutions to the global market and help customers and societies solve their issues through agile application development in the cloud. Furthermore, Hitachi expects collaboration between GlobalLogic and Hitachi’s five sectors–IT, Energy, Industry, Mobility, Smart Life, and its automotive systems business (Hitachi Astemo) will add tremendous value to its wide range of products, adding advanced digital technologies, and creating new Lumada solutions. Through these efforts, Hitachi and GlobalLogic will work together to address the growing market for digital innovation, and promote the global expansion of the Lumada business–advancing Hitachi’s mission to increase social, environmental, and economic value of customers by focusing on three key areas of Environment, Resilience, Security & Safety, and contribute to realize a sustainable society.

“We are very pleased to welcome GlobalLogic to the Hitachi Group,” said Toshiaki Higashihara, Executive Chairman & CEO, Hitachi Ltd. “Hitachi aims to become a global leader in the social innovation business by accelerating digital transformation of social infrastructure by combining the innovativeness of GlobalLogic’s advanced digital product engineering and experience design capabilities with the reliability that Hitachi has established in mission-critical fields. Through collaborative creation with customers around the world, Hitachi and GlobalLogic will work together to resolve issues faced by society and customers leveraging Lumada and contribute to improve people’s quality of life by focusing on three key areas of Environment, Resilience, and Security & Safety.”

“Joining the Hitachi Group creates a unique opportunity to bring together the power of Operating Technology (OT), Information Technology (IT) and IoT/Digital Engineering under one umbrella,” said Shashank Samant, President and CEO of GlobalLogic. “We are excited to join forces with Hitachi and eager to forge our combined talent and experience in domain and digital to create innovative outcomes for our clients, and greater value for society.”

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company’s consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. Hitachi is working to increase social, environmental and economic value for its customers across six domains; IT, Energy, Industry, Mobility, Smart Life and Automotive Systems through Lumada, Hitachi’s advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation.
Hitachi is a Principal Partner of COP26, playing a leading role in the efforts to achieve a decarbonized society and become a climate change innovator. Hitachi strives to achieve carbon neutrality at all its business sites by 2030 and to achieve an 80% reduction in CO2 emissions across the company’s value chain by 2050.

For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

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Source: https://www.jcnnewswire.com/pressrelease/68032/3/

ACN Newswire

Central Global Continues with Proactive Business Sustainability Measures Despite Lockdown

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KUALA LUMPUR, July 23, 2021 – (ACN Newswire) – Central Global Berhad (“Central Global” or “Group”), a producer of industrial masking tapes and label stocks as well as general building contractor, will continue to keep a tight rein on cashflow in order to ensure business sustainability following the government’s decision to lengthen the extended movement control order (“EMCO”) in certain areas of Kuala Muda, Kedah where the Group’s factory is located by a further two weeks to 1 August 2021.

Central Global executive chairman Dato’ Faisal Zelman

Central Global’s factory, which produces masking tapes and label stocks, has been closed since 5th July 2021 given its location in Kuala Muda which is currently under the EMCO. The factory employs almost entirely locals, with several among the 170 employees having been with the Group for more than four decades.

Central Global executive chairman Dato’ Faisal Zelman said: “We have always been cautious about the outlook for this year given the uncertainties of further COVID-19 outbreaks and while we will continue to tap into opportunities arising from a more fragmented regional competition landscape and the sporadic local supply-chain disruption, we are also mindful of the risks.”

“We have backlog orders to fulfil which will keep factory busy until year end, but operations have been affected due to the EMCO. We are consistently in discussion with the authorities despite of the lock down measures which has been imposed in the EMCO zones. We managed to obtain permission to operate on a partial basis being categorised as an Essential Industry (Packaging) during the period of the MCO 1.0 and we hope that the government will consider applying the similar regulations for the current EMCO as well. At the same time, we want to reassure all stakeholders that the management will do all it can to ensure that business sustains and maintain operational efficiency and quality.”

Central Global has two scheduled meetings annually to review the Group’s manufacturing operations’ internal controls and risk management under a risk management framework to mitigate business and operational risks. The Group’s lean manufacturing process ensures that costs are kept under scrutiny while driving productivity and quality through employee suggestion programmes and reward schemes.

“We will monitor the situation and continue to adhere to all standard operating procedures as laid out by the National Security Council and Ministry of Health guidelines to ensure the safety and health of employees and vendors. In the meantime, we have to manage our customers’ expectation in fulfilling their orders,” Faisal concluded.

For more information, please contact Hakim J. Munif at +60 12-318 5410 or [email protected].


Topic: Press release summary
Source: Central Global Berhad

Sectors: Engineering, Construct, Engineering, Local Biz
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ACN Newswire

Dynafront Successfully Lists on LEAP Market of Bursa Malaysia

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KUALA LUMPUR, July 23, 2021 – (ACN Newswire) – Dynafront Holdings Berhad (“DynaFront” or the “Company”), an insurance technology specialist, made a successful debut on the LEAP Market of Bursa Securities Malaysia Berhad (“Bursa Securities”) today at 23 sen per share, which was 2 sen or 9.6% higher than its offer price of 21 sen per share.

L-R: DynaFront Non Independent Non Executive Director Mr. Chan Choong Wai; DynaFront Executive Director/Group Chief Operating Officer Ms. Gan Hui Ping; DynaFront Managing Director/Group Chief Executive Officer Mr. Chan Eng Lim

The Company and its subsidiaries (“Group”) specialises in developing and providing proprietary and customised enterprise information technology (“IT”) solutions for a broad range of life insurance companies, including conventional life insurers, Takaful operators, independent corporate life insurance agencies and group assurance operations. DynaFront’s solutions, offered either as proprietary software products or managed services, have been successfully deployed to markets in Malaysia, Indonesia, Singapore, Philippines, Taiwan and Hong Kong.

The Group offers a comprehensive suite of software solutions extending from front-end sales automation systems to back-end individual and group life administration systems including PrecentiaCMS for front-end sales automation system, PrecentiaLife for back-end individual life administration system as well as PrecentiaGroup, a suite of back-end group life administration systems for employee benefits. DynaFront also offers PrecentiaTakaful supporting the Wakalah, Mudharabah and hybrid concepts and can be integrated into various Takaful models.

Mr. Chan Eng Lim, Managing Director and Group Chief Executive Officer of DynaFront said during the Listing Ceremony today, “We pride ourselves with the fact that many of our key management staff were formerly from the life insurance industry. Our extensive industry background and in-depth domain knowledge, coupled with our broad IT expertise, have been instrumental not only in the design and engineering of our software solutions, but also to our Group’s success over the years.”

“Moving forward, our Group will continue to expand and evolve our solution offerings by adopting microservices based architecture to deliver consistent, high-quality services with security, reliability and agility in all our solutions to our customers. With this adoption of microservices architecture, we expect our next generation of software solutions to be lightweight with modern technology stacks and AI driven, in our quest to create a smarter insurance ecosystem.

DynaFront is also moving into the virtual insurance space, with the Group’s research and development team focusing on the development and implementation of new mobile applications in wearable technologies, including web-enabled smart devices that use embedded systems, such as processors, sensors and communication hardware, to collect, send and act on data acquired from their environments such as temperature screenings and, movement detections to smart watches and wearable health devices. Real-time syncing and processing of data between wearables and our platform microservices as well as real-time health monitoring will enable life insurance companies to structure insurance products which are more customised and suited for the policy holders.

Hong Leong Investment Bank Berhad is the Approved Adviser, Placement Agent and Continuing Adviser for the listing exercise.

For more information, please contact Hakim J. Munif at +60 12-318 5410 or [email protected].


Topic: Press release summary
Source: Dynafront Holdings Berhad

Sectors: Daily Finance, Daily News, Local Biz
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Source: https://www.acnnewswire.com/press-release/english/68232/

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ACN Newswire

Cuentas and WaveMax Sign an Exclusive and Definitive JV Agreement for 1,000 Locations to Offer Advertising on WiFi6 Next Generation Patented Technology in Cuentas’ “Bodegas” Network throughout the USA

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MIAMI, FL / ACCESSWIRE, July 23, 2021 – (ACN Newswire) – Cuentas, Inc. (NASDAQ: CUEN & CUENW)(‘Cuentas’), a leading FinTech provider (Top 4 Fintech) of mobile banking, digital wallet and payment solutions focused on Hispanic and Latino communities has signed an exclusive, definitive JV agreement to rollout WaveMax’s SharedWiFI6 patented technology (Wavemax Patent) in 1,000 locations. This Rollout will begin in the New York City metropolitan area with 500 locations in NYC, 330 locations in New Jersey and 170 locations in Connecticut. The agreement also includes plans to roll out the service in other areas throughout the US. The parties will install advanced WiFi6 Access Points and Small Cells in these 1,000 “Bodega Stores” in a 50/50 joint venture. These will become Cuentas premium locations that will be near public train stations and mass transit hubs and will be offering all Cuentas products and services on secure networks. The WiFi6 service will enhance customer experience while in the Bodega stores, by automatically connecting to SharedWiFi high-speed internet to receive special in-store offers. Users at Cuentas Point of Sale (POS) locations will also receive promotions for the Cuentas GPR card and discounted products sold through the Cuentas Mobile App.

This unique agreement that our organizations are bringing to the market will allow Cuentas to enter the advertising ecosystem using major brands to advertise through mobile handsets and additionally Cuentas products & services will benefit from 50% discounts for most favored nation pricing on this digital advertising platform.

WaveMax’s SharedFi patented technology allows for a shared network of WiFi access points and small cells. The user has access to this shared network and, if he has opted in, be impacted with location-based advertising. These ads are configured by advertisers using WaveMAX’s dashboards targeting, manually or programmatically, the right audience, at the right time, and the right place.

“I am proud that we were able to sign a definitive agreement with WaveMax for their state of the art technology. This is the first time that Cuentas is announcing to its public shareholders that it was able to complete this unique agreement and I am looking forward to expand this network for the rest of Cuentas’ Bodega network nationwide,” said Arik Maimon, Cuentas Founder and Interim CEO.

“We are very pleased to enhance our original commitment to the first 1,000 bodegas in Cuentas’ network. We are happy to add value to Cuentas’ unique proposition in the US market and its Mobile Banking App,” said Eduardo Velasco, WaveMAX CEO. (Shared Wi-Fi 6 Network)

“Cuentas was recently classified and deemed as a technology sector vertical (Technology Sector), we are very excited for the upcoming events of our company and we are very confident that Cuentas has a bright future,” said Michael De Prado, Founder and Executive Vice Chairman of Cuentas.

ABOUT CUENTAS

Cuentas, Inc. (Nasdaq: CUEN & CUENW) is a Fintech company utilizing technical innovation together with existing and emerging technologies to deliver accessible, efficient and reliable mobile, new-era and traditional financial services to consumers. Cuentas is proactively applying technology and compliance requirements to improve the availability, delivery, reliability and utilization of financial services especially to the unbanked, underbanked and underserved segments of today’s society. Its products are supported by its core methods, procedures, contracts and intellectual property. For more information, visit https://cuentas.com.

ABOUT WAVEMAX CORPORATION

WaveMax is a WiFi-5G sharing company leveraging US patented technology to create an ecosystem monetizing mobile interactions between Telcos, Retailers, Providers, Apps, and Users. WaveMax ecosystem in 2020 supported millions of Wi-Fi accesses and it is rapidly growing, creating new synergies and network effects.

FORWARD-LOOKING STATEMENTS

This news release contains ‘forward-looking statements’, as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as ‘estimate’, ‘anticipate’, ‘believe’, ‘plan’ or ‘expect’ or similar statements are forward-looking statements. Forward-looking statements contained in this news release include statements relating to other publicly available information regarding Cuentas.

Contact:

Cuentas:
[email protected]
800-611-3622

WaveMax:
[email protected]
512.902.8038

SOURCE: Cuentas, Inc.


Topic: Press release summary
Source: Cuentas, Inc

Sectors: Telecoms, Cards & Payments, Wireless & Mobility, Funds & Equities, Blockchain, Startups


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Source: https://www.acnnewswire.com/press-release/english/68228/

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ACN Newswire

Stimulating blood vessel formation with magnets

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TSUKUBA, Japan, July 22, 2021 – (ACN Newswire) – Magnetic field can be used to stimulate blood vessel growth, according to a study published in the journal Science and Technology of Advanced Materials. The findings, by researchers at the Tecnico Lisboa and NOVA School of Science and Technology in Portugal, could lead to new treatments for cancers and help regenerate tissues that have lost their blood supply.

Human-donated mesenchymal stromal cells were placed on PVA or gelatin hydrogels containing iron oxide nanoparticles. Applying a magnetic field to the gelatin hydrogel triggered the release of VEGF-A. This was used to treat endothelial cells, stimulating blood vessel formation.

“Researchers have found it challenging to develop functional, vascularized tissue that can be implanted or used to regenerate damaged blood vessels,” says Frederico Ferreira, a bioengineer at Tecnico Lisboa’s Institute for Biosciences and Bioengineering. “We developed a promising cell therapy alternative that can non-invasively stimulate blood vessel formation or regeneration through the application of an external low-intensity magnetic field.”

The researchers worked with human mesenchymal stromal cells from bone marrow. These cells can change into different cell types, and also secrete a protein called VEGF-A that stimulates blood vessel formation.

Ana Carina Manjua and Carla Portugal, at the Research Centre LAQV at the NOVA School of Science and Technology, developed two hydrogel supports, made from polyvinyl alcohol (PVA) or gelatin, both containing iron oxide nanoparticles. Cells were cultured on the hydrogels and exposed to a low-intensity magnetic field for 24 hours.

The cells on the PVA hydrogel produced less VEGF-A after the magnetic treatment. But the cells on the gelatin hydrogel produced more. Subsequent lab tests showed that this VEGF-A rich extracts, taken from the cultures on magnet-stimulated gelatin hydrogel, improved the ability of human vascular endothelial cells to sprout into branching blood vessel networks.

Endothelial cells were then placed onto a culture dish with a gap separating them. The conditioned media from magnet-treated mesenchymal stromal cells from the gelatin hydrogel were added to the endothelial cells, moving to close the gap between them in 20 hours. This was significantly faster than the 30 hours they needed when they had not received magnetic treatment. Placing a magnet directly below the dish triggered the mesenchymal stromal cells to close the gap in just four hours.

Finally, VEGF-A extracts produced by magnet-treated mesenchymal stromal cells on gelatin increased blood vessel formation in a chick embryo, although further research is needed to confirm these results.

More work is needed to understand what happens at the molecular level when a magnetic field is applied to the cells. But the researchers say gelatin hydrogels containing iron oxide nanoparticles and mesenchymal stromal cells could one day be applied to damaged blood vessels and then exposed to a short magnetic treatment to heal them.

The team suggests that magnet-treated cells on PVA, which produce less of the growth factor, could be used to slow down blood vessel growth to limit the expansion of cancer cells.

Further information
Frederico Castelo Ferreira
Universidade de Lisboa
Email: [email protected]

Carla Portugal
Universidade Nova de Lisboa
Email: [email protected]

Ana Carina Baeta Manjua
Universidade de Lisboa
Email: [email protected]

About Science and Technology of Advanced Materials Journal

Open access journal STAM publishes outstanding research articles across all aspects of materials science, including functional and structural materials, theoretical analyses, and properties of materials. Website: https://www.tandfonline.com/toc/tsta20/current

Dr. Yoshikazu Shinohara
STAM Publishing Director
Email: [email protected]

Press release distributed by ResearchSEA for Science and Technology of Advanced Materials.


Topic: Press release summary
Source: Science and Technology of Advanced Materials

Sectors: Science & Nanotech, BioTech
https://www.acnnewswire.com

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Source: https://www.acnnewswire.com/press-release/english/68204/

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