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Bren building up at MPL PH Season 9

Week 6 of the Mobile Legends Professional League Season 9 is on the way, and for Bren Esports, they have a chance to move up substantially.

Click here to read the full article.

Mercedes’ New Plan Could Set a Precedent for Autonomous Car Liability

In operation, Mercedes’ new Drive Pilot appears to be similar to many other “traffic jam assistant” solutions available on the market. A Drive Pilot-equipped S-Class or EQS will assume command of the car’s speed, steering, and brakes on specific highways below 40 mph to move you forward in traffic. However, there is one significant difference: […]

Elon Musk is projected to become the World’s First Trillionaire in 2024

Elon Musk is currently the richest person in the world, taking over former Amazon CEO Jeff Bezos last year to claim the title. While Musk has stated many times that material possessions are not a concern of his, eventually selling nearly all of his personal properties as proof, a new study from Tipalti Approve suggests […]

The post Elon Musk is projected to become the World’s First Trillionaire in 2024 appeared first on TESLARATI.

Report flags “overlooked” potential of groundwater

Groundwater accounts for 99% of all liquid freshwater on Earth. However, this natural resource is often poorly understood and consequently undervalued, mismanaged and even abused. According to the latest edition of the United Nations World Water Development Report published by UNESCO, the vast potential of groundwater, and the need to manage it sustainably, can no […]

Research Bits: March 22

Securing wireless communications; on-chip frequency shifters; modulating visible light.

The post Research Bits: March 22 appeared first on Semiconductor Engineering.

How Concerned Should Traders Be Over China’s Stock Market?

Over the last week, Chinese stocks have fallen dramatically. Of course, other markets have had substantial drops over-generalized risk-off moves around the war in Ukraine. The drama of the war has overshadowed a lot of financial markets. The situation in China could have been dismissed as another manifestation of the consequences of geopolitics. However, China […]

The post How Concerned Should Traders Be Over China’s Stock Market? appeared first on Orbex Forex Trading Blog.

Polyarc Talks Moss, VR Sequels And Future Tech

We sat down with Polyarc to talk Moss Book 2. Thoughts on building VR sequels, player connections and the future of the industry.

Watch Tower vs. McFree: Nonprofit Defends Critic’s Fair Use & Anonymity Rights

'Kevin McFree' recently fended off a Watch Tower DMCA subpoena after a judge found that his critical animations were protected under fair use. However, Watch Tower is aggressively pursuing a separate copyright lawsuit, one that deals with exactly the same issues. The big development is that McFree's plight has been taken on by the formidable Public Citizen Litigation Group.

From: TF, for the latest news on copyright battles, piracy and more.

Sabrent Rocket 4 Plus NVMe SSD review: Fast on PCIe 4, fast on PCIe 3

Best practices for right-sizing your Apache Kafka clusters to optimize performance and cost

Apache Kafka is well known for its performance and tunability to optimize for various use cases. But sometimes it can be challenging to find the right infrastructure configuration that meets your specific performance requirements while minimizing the infrastructure cost. This post explains how the underlying infrastructure affects Apache Kafka performance. We discuss strategies on how […]

Umbria Network onboards more communities to Avalanche and Polygon networks

Umbria Network is increasing access to projects built on the Avalanche (AVAX) and Polygon networks with its Narni bridging solution and partner programme. 


The protocol is collaborating with a range of platforms to facilitate the fastest and cheapest migration of assets cross-chain for their users. Umbria has forged new partnerships with Polygon NFT and DeFi platforms and announces its first alliances with AVAX projects, which come swiftly after the official launch of its Avalanche bridge. The Narni Polygon and Avalanche bridges offer substantially faster and cheaper transactions than the official bridges for both networks with transfers typically taking less than four minutes and often costing just $4-$9.  


Its latest partners (detailed below) endorse the Narni Bridge, recommending it to their communities for bridging crypto; many projects have also integrated the bridge widget into their platforms.  


Avalanche projects 

Avaxtars is the first browser-based Play to Earn (P2E) idle game on the Avalanche platform. AVXT is the ERC-20 Token of the AVAXTARS Game.

https://avaxtars.com/

Vending Machines NFT is a unique NFT project on Avalanche, which aims to focus on beneficial utilities for its holders. Holders of the 4444 unique Vending Machine NFTs will get many perks such as: minting rewards, shared royalties, free NFT Airdrops and best of all, their own land in the Metaverse. 

https://www.vendingmachinesnft.io/

Aalpha - With a focus on community, Avalanche Alpha is a place where we can all come together under a single banner: reviewing projects, giving the spotlight to new ideas, and creating a better, safer outlook for the network as a whole. 

https://www.aalpha.io/ 

Polygon projects 

Hamster Game is the NFT Trade-2-Earn game where Hamster NFTs are the traders with 193 visual traits for the Dump type and 194 for the Pump. Flip Hamsters on http://opensea.io as they trade and earn tokens. Frequent NFT trading means more tokens. 

https://hamster.game/ 

Cyborg Wolves – A generative collection of 5,555 NFTs (14 ETH traded) on the Polygon network created by 14-year-old Myles. The Cyborg Wolves are the meanest, baddest, yet sometimes cutest animals in the Cyborg universe defined by their "Bionic Eye" trait. The Cyborg Werewolves, an extension of the gen 1 collection, are minting March 18.

https://www.thecyborgwolves.com/

Space Game is a 100% on-chain collectible-based strategy P2E game leveraging both L1 and L2. All metadata and pixel sprites are generated and stored completely on-chain; no API and IPFS are used. 

https://spacenft.game/  

BetNFT presents Digital Greyhound Racing (DGR); a racing game that enables participants to select a greyhound from four bloodlines, and enter a race in a chance to claim a prize pool. Refining your skills in mastering elements such as breeding, distances, track conditions etc, will hold you in great stead in becoming a successful greyhound owner.

https://betnft.run/ 

Mining Life LLC manufactures, operates and manages high-quality crypto mining rigs. It also aims to invest the crypto assets to help grow the profitability of the crypto in which it mines.

https://mininglife.io/ 

Polygon Ape Community is a 1/1 collection of 5000 items on the Polygon chain. The collection symbolizes the hope of the Polygon community's growth. Each layer was hand-drawn with a coloring pencil and then run through an editing and generative art program to create a unique, presentable and special collection. 10% of all royalties will go towards #TEAMSEAS

https://www.pacnft.club/ 

Polyflip is a decentralized betting platform powered by Polygon Network and Chainlink. Unlike traditional casinos that operate in black boxes, Polyflip runs on smart contracts that are fair, transparent and immutable.

The platform provides a low-cost and fast gaming experience through the combination of both traditional core game and blockchain mechanics. Every bet comes with a 2% fee, distributed to all Polyflip NFT holders as a special reward.

https://polyflip.io/ 

Ape World Order is a pro wrestling ape themed NFT collection. Each AWO NFT has eight attributes, rated on a 0-100 scale. AWO is currently developing a tournament based NFT game that incorporates our native currency (Pizza Token) and allows NFT owners to enter their AWO NFT into tournaments that pay out similarly to horse racing. Even people who don't own an AWO NFT will be able to bet on the matches. We will keep all stats, and NFTs gain XP over time for bonuses. AWO can be minted with MATIC, WETH or Pizza Tokens.

https://apeworldorder.com/ 


“By vastly improving the UX with the fastest and cheapest bridging solution available and providing greater technical support, we're helping to onboard more users to partner ventures that are built on alternative networks to Ethereum,” said Oscar Chambers, Co-founder of Umbria Network. “Additionally, we strive to support the growth of our partners and their projects by offering a host of other marketing and networking benefits.”


Umbria is looking to reach out to projects on AVAX and Fantom that would benefit from cheap and fast bridging. Any parties interested in a partnership should fill out the Partnership Contact Request form: https://partner.umbria.network/

- Ends –

About Umbria Network 

Cheapest, fastest cross-chain bridge 


https://umbria.network/

https://bridge.umbria.network/

https://bridge.umbria.network/staking-pool/


Operating within the DeFi and NFT space, Umbria Network enables anyone to migrate cryptocurrency assets across chain cheaply and quickly. 


Umbria's Narni cross-chain liquidity bridge solves blockchain interoperability issues by removing the difficulty and expense of moving assets between blockchains and is the fastest and cheapest cross-chain bridge between Ethereum mainnet and Polygon, Binance Smart Chan, Avalanche and Fantom. Narni eliminates the barriers to entry for engaging with DeFi applications and NFTs making them much more accessible to a wider audience.  


Additionally, bridge liquidity providers earn high APYs on their crypto assets with no impermanent loss. 


T he Umbria ecosystem, built on Polygon, has three major protocols:

  1. A Cross-chain Asset Bridge: enables the fast and cheap transfer of assets between otherwise incompatible blockchains and cryptocurrency networks.
  2. A Staking Pool: users can earn interest on their crypto assets by providing liquidity to the Narni bridge 
  3. A Decentralised Exchange (DEX): an automated liquidity protocol powered by a constant product formula, deployed using smart contracts and governed entirely on-chain. Provides fast and cheap token swapping

UK-publicly listed Online Blockchain plc (LSE: OBC) acts as Umbria's coordinator, administrator and advisor. This provides a level of transparency rare in the DeFi space.

Sisram Medical Ltd Announces 2021 Record Annual Results

HONG KONG, Mar 17, 2022 - (ACN Newswire) - Sisram Medical Ltd (the "Company" or "Sisram", stock code: 1696.HK; together with its subsidiaries referred as the "Group"), a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more, today announced its audited consolidated annual results for the year ended December 31, 2021 (the "Reporting Period").

FINANCIAL HIGHLIGHTS
-- Revenue for the year ended December 31, 2021 was US$294.3 million, increased by 81.6% as compared to the revenue for the previous year.
-- Profit for the year ended December 31, 2021 was US$32.5 million, increased by 121.5% as compared to that for the previous year.
-- Net cash flows from operating activities for the year ended December 31, 2021 was US$32.4 million, increased by 25.8% as compared to that for the previous year.
-- Significant growth in all regions, mainly in North America and APAC. Revenue in North America for the year ended December 31, 2021 was US$112.0 million, increased by 105.8% as compared to that for the previous year. Revenue in APAC for the year ended December 31, 2021 was US$85.2 million, increased by 95.3% as compared to that for the previous year.

BUSINESS HIGHLIGHTS
-- R&D investments increased by 42.3% YoY to US$15.6 million with 2 new products launched: "Alma Duo" and "Alma PrimeX".
-- Continued the development of two new business lines - (i) Copulla - a new, innovative digital dentistry service; (ii) LMNT, a personal care brand, now launching a light-based skin rejuvenation home use device.
-- The Group entered into a sub-license agreement with Fosun Industrial for the commercialization of "RT002" Injectable, the new generation of neurotoxins for medical aesthetics use. The Group's existing injectables distribution operation, registered a revenue growth of 50.1% year over year.
-- The Group entered into an investment agreement at the amount of RMB 2.6 million for the establishment of Tianjin Xingsiyi, a research & development, technical services and supply operation for silk fibroin-sodium injectables and facial implant thread products.
-- The Group has acquired the entire share capital of Shanghai Foshion Medical System to further enhance its dental business line.
-- The Group purchased the remaining 40% equity interest in its Israeli distributor, Nova Medical. Upon completion, Nova Medical is a wholly-owned subsidiary of the Company, rebranded as Alma Israel.

FINAL DIVIDEND
-- The Board has resolved to declare a final dividend of HK$0.157 (inclusive of tax) per Share for the year ended December 31, 2021.

Business Growth Projection for 2022
Based on an increase in the demand for the Company's products and the backlog of orders as of December 31, 2021, barring any unforeseen circumstances or material change in market conditions, the Group expects to record a significant growth in revenue of over 35.0% in the first half of 2022 as compared to the revenue recorded in the corresponding period in 2021.

Record results, strong subsidiaries performance, overall geographic performance uptake, continued investments in R&D and strong business development momentum In 2021, Sisram's established global sales and distribution network recorded a total revenue of US$294.3 million for the Reporting Period, representing an increase of 81.6% when compared to 2020. All regions revenue increased substantially during the Reporting Period with North America demonstrating an increase of 105.8%, Asia Pacific with an increase of 95.3%, Latin America with an increase of 76.3%, Europe with an increase of 49.7% and Middle East & Africa with an increase of 45.2%.

The gross profit increased from US$90.3 million in 2020 to US$166.9 million in 2021, representing an increase of US$76.6 million. The gross profit margin in 2021 amounted to 56.7%, representing an increase of 1% compared to 55.7% in 2020. The establishment of direct operation offices in chosen territories has enabled the Company to shorten the supply chain, increase the average selling price, gain a higher brand visibility and ensure consistency among the communications with the target clientele. During 2021, revenue derived from direct sales has surpassed revenue derived from distributors with 62.0% attributed to the former and 38.0% to the latter.

For the Reporting Period, the Group recorded an adjusted net profit of US$40.3 million representing an increase of 100.0% when compared with the corresponding period of 2020. The adjusted net profit margin for the Reporting Period was 13.7%. The net cash flow from operating activities amounted to US$32.4 million, representing an increase of 25.8% when compared to 2020.

In 2021, Sisram continued its substantial R&D efforts, with 13% of corporate employees being R&D specialists. During the Reporting Period, R&D expense increased by 42.3% to US$15.6 million from US$11.0 million for the corresponding period in 2020. During the Reporting Period, the Group launched 2 new products, "Alma Duo" and "Alma PrimeX", as well as expanded two business lines, "Copulla" - a new, innovative digital dentistry service, and "LMNT", a personal care brand, now launching a light-based skin rejuvenation home use device.

Continued Investments in Digital Transformation and Production Ramp-up
In 2021, Sisram continued the development of its digital core architecture with vast investments in Information Systems and Digitalization, encompassing traditional ERP and CRM modules, IoT solutions for professional capital equipment, marketing automation and consumer access. Over the past 3 years (2019-2021), Sisram invested more than US$6.5 million in information systems, upgrading its ERP and CRM infrastructure, migrating to cloud-based systems to serve the entire growing and diverse eco-system and implementing new digital tools for Internal organization management, external engagement mechanisms between the organization and the market and cyber security.

On the operational front, Sisram focused on addressing the pandemic effect by investing in production ramp-up to accommodate the growing global demand and improve quality performances KPI's such as FPY (First Pass Yield) and new platforms critical failure.

A Never-before-seen Synergistic Ecosystem Composed of 4 Pillars
Sisram's Wellness Group is a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more.

As of 2021 Sisram is operating 4 business lines. The Medical Aesthetics business line, led by Alma, registered a revenue increase of 73.4%. The Injectables business line registered a revenue increase of 50.1% year over year. In 2021, Sisram integrated the activity of Shanghai Foshion Medical System into Sisram, while developing Copulla's digital dentistry service. The Personal Care business line, LMNT by Sisram Medical, is a home-use brand, immersing the essence of wellness into consumers' daily routine.

Looking forward, Mr. Liu Yi, Chairman and Executive Director of Sisram, said: "As a core member of Fosun Pharma's medical device sector, as well as the core platform of Fosun's ecosystem, we have always insisted on customer-centric philosophy and focused on technology and innovation, to continuously improve our product power and competitiveness to respond to the rapid development of the industry. In 2022, based on our charted st rategy, we will continue to promote Sisram's ecosystem, and steadily expand the product portfolio and ecological interoperability between Sisram's ecosystem, Fosun Pharma's medical device sector, and even Fosun's greater ecosystem, so as to provide customers with advanced technologies and products through the enhancement of technological applications. We will also promote the sustainable and sound development of the industry by improving clinical applications. In addition, we shall meet the market demand of the aesthetic industry through our diversified product portfolio and market strategy."

Mr. Lior Dayan, CEO of Sisram and Alma, said: "The Group's efforts during 2022 will strategically focus on expanding direct operation in strategic markets to secure market access for both professional and consumer clientele, improve digital infrastructure and tools, drive awareness and preference to our global consumer brand and leverage it to globally introduce new products and services."

About Sisram Medical Ltd
Sisram Medical Ltd (1696.HK) is a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more. The company is majority held by Fosun Pharma, a leading healthcare group in China. Sisram Medical successfully went public on September 19, 2017, as the first Israeli company listed on the Hong Kong Exchange Main Board.

Sisram Medical - Enhancing Quality of Life
http://www.sisram-medical.com


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comSisram Medical Ltd (the "Company" or "Sisram", stock code: 1696.HK; together with its subsidiaries referred as the "Group"), a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding

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