Thursday, 3 April 2025

IAQG Unveils OASIS Insights™

Brussels, Belgium, April 2, 2025 / AgilityPR - AsiaNet/


A Revolutionary Tool for Aerospace Quality Enhancement

Brussels, Belgium – March 31, 2025 – The International Aerospace Quality Group® (IAQG) is proud to announce the launch of OASIS Insights™, a groundbreaking benchmarking and quality improvement tool designed to leverage the 9100 series audit data to enhance transparency, performance, and continuous improvement in the aerospace industry.

OASIS Insights brings audit performance to life by providing context and benchmarking to help suppliers and supply chain partners understand the 9100 series audit outcomes. Beginning April 1, this distinctive report will be generated after newly published initial, recertification, or surveillance audits are entered into the Online Aerospace Supplier Information System (OASIS), offering insights into comparative anonymized audit performance. Furthermore, these reports provide guidance support based on the IAQG’s AIMM and SCMH frameworks to assist suppliers in enhancing and improving their Aerospace Quality Management Systems compliance.

"The launch of OASIS Insights marks a significant milestone in our ongoing efforts to improve quality management within the aerospace sector,” explained Eric Jefferies, president of IAQG. “By providing audit ratings and benchmarking, OASIS Insights will transform how organizations showcase the value of audits and identify areas for improvement, ultimately driving continuous improvement in the aerospace industry."

Developed in collaboration with IAQG technology partner Intact, a leading provider of audit and certification management software, OASIS Insights is designed to support suppliers and help raise the overall standard of aerospace quality. Jake Lewin, CEO of Intact US, added, "By transforming audits into actionable intelligence, we’re providing suppliers with visibility into audit outcomes that were previously impossible. This is a major step forward for audit and certification as a whole, and we’re thrilled to have collaborated with IAQG to bring it to life.”

OASIS Insights will be provided automatically to certified organizations following an audit. The tool will be initially accessible through the organization's files area in OASIS.

For more information about OASIS Insights, please visit the https://iaqg.org.

About the International Aerospace Quality Group  

As an international non-profit association established under Belgian law and registered in Brussels, Belgium, the IAQG sets the high standard for quality within the global aerospace industry supply chain. The organization consists of member companies from the aviation, space, and defense sectors that design, develop, manufacture, and support original equipment at both system and subsystem levels. The IAQG is dedicated to creating a common framework for quality systems and improvement standards.  These standards are utilized internationally by original equipment manufacturers (OEMs) and applied throughout the supply chain. To learn more, visit https://iaqg.org. 

About Intact

Intact is the market leader in audit, certification, and standard management software. Its solutions help customers boost their efficiency and profitability worldwide while assuring the highest possible safety and quality of products, services, and qualifications. Founded in 2001 in Austria, Intact has seven global offices and sales partners and is used across management, food, and other certification and audit sectors. 

SOURCE: International Aerospace Quality Group

--BERNAMA 

Tuesday, 25 March 2025

DDPAI UNVEILS Z50 PRO IN MALAYSIA: STAY CONNECTED ON THE ROAD WITH 4G, 4K CLARITY & WI-FI 6

 


KUALA LUMPUR, Malaysia, March 25 (Bernama-GLOBE NEWSWIRE) -- DDPAI is launching its latest dash cam in Malaysia, the Z50 Pro. Designed for modern drivers, the Z50 Pro offers seamless 4G connectivity, crystal-clear 4K recording, and ultra-fast Wi-Fi 6, ensuring enhanced security, convenience, and performance on the road. 

Z50 Pro’s 4G connectivity provides drivers with real-time remote access to the dash cam. Users can check live footage, receive instant alerts, and manage recordings from anywhere via the DDPAI app. Whether monitoring a parked vehicle or staying updated on road conditions, 4G connectivity ensures uninterrupted peace of mind. The Z50 Pro 4G package includes a SIM card with a 90-day free trial 30GB data plan, ensuring instant connectivity out of the box.

Featuring Wi-Fi 6 high-speed transfer, the Z50 Pro significantly improves the efficiency of footage transfers. The improved wireless protocol delivers faster, more stable connections, making it easier than ever to access high-resolution footage without delays. Whether downloading large 4K video files or reviewing important recordings, Wi-Fi 6 ensures a buffer-free experience that enhances user convenience.

Beyond its advanced connectivity, the Z50 Pro records in true 4K resolution, capturing every detail with exceptional clarity. Empowered by AI ISP technology, the NightVIS 2.0 provides superior night vision, significantly enhancing nighttime parking monitoring in low-light conditions.

The Supercapacitor enhances durability and reliability, preventing power failures and increasing longevity. Meanwhile, 24/7 parking monitoring provides round-the-clock surveillance, offering continuous security and deterrence against theft or vandalism. Additionally, the GPS version includes built-in GPS and ADAS (Advanced Driver Assistance System) to provide real-time location tracking, driving insights, lane departure warnings, and forward collision alerts.

Leo Luo, CEO of DDPAI, stated: “The Z50 Pro’s 4G connectivity and 4K resolutions, along with other advanced features, are designed to make driving smarter and safer than ever. We believe that our new dash cam launch will set a new benchmark in the market, catering to everyday drivers who demand the best in value, security, and convenience.”

The DDPAI Z50 Pro is now available for purchase. Visit the Z50 Pro product page for more information, and find the available Z50 Pro packages on DDPAI Official Malaysia or DDPAI MALAYSIA CERTIFIED STORE.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c64402fe-a3bb-4c38-bc01-c44b75bb5ea2


overseas@ddpai.com

SOURCE : DDPAI Technology Co., Ltd

Monday, 24 March 2025

BEST’S COMMENTARY: AI MODEL DEEPSEEK COULD IMPROVE OPERATING EFFICIENCY AMONG CHINA’S INSURERS, ALBEIT WITH RISKS

 


HONG KONG, March 24 (Bernama-BUSINESS WIRE) -- The use of the artificial intelligence model DeepSeek among mainland China insurance companies has the potential to help small to medium-sized carriers improve operational efficiencies. Overall, according to its new commentary, AM Best views the use of DeepSeek as being credit neutral for China’s insurance industry over the short term.

Several of China’s insurers have announced the deployment of DeepSeek for their operations. In its Best’s Commentary, “DeepSeek Could Improve Operating Efficiency of Mainland China Insurers, Albeit with Risks,” AM Best states that it remains optimistic about the opportunities and risks arising from AI technology and views the potential impact of DeepSeek on the country’s insurance industry as being credit neutral.

“DeepSeek could help China’s smaller insurers become more competitive and narrow the technology gap between them and larger players,” said Lucie Huang, senior financial analyst, AM Best. “Other positives for companies’ business profiles could include higher revenue growth, improved data analytics and better customer experience.”

However, the commentary also notes that DeepSeek could have a negative impact on insurers’ ERM. The carriers that fail to identify risks associated with AI models or fail to build appropriate risk frameworks may see a negative impact on their business, particularly with regards to regulatory risk, execution risk and model risk.

The use of DeepSeek also could have a mixed impact on insurers’ operating performance, as significant spending on systems, talent or processes without tangible results could dampen performance. “Outcomes will largely depend on insurers’ ability to allocate resources strategically and in proportion to their operational scale and financial capacity,” said Huang. “Insurers that successfully execute their innovation strategies and manage the balance between short- and long-term profitability will be better positioned from a credit perspective.”

To access the full copy of this commentary, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=352374.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Contact

Lucie Huang
Senior Financial Analyst
+852 2827 3414
lucie.huang@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com

Source : AM Best

Friday, 21 March 2025

AM BEST AFFIRMS CREDIT RATINGS OF PVI INSURANCE CORPORATION

 


SINGAPORE, March 21 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-” (Excellent) and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of PVI Insurance Corporation (PVI Insurance). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect PVI Insurance’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The ratings also factor in rating enhancement from PVI Insurance’s ultimate parent, HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.).

PVI Insurance’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which is expected to remain at the strongest level over the medium term. PVI Insurance benefits from good financial flexibility, given its majority ownership by HDI V.a.G. AM Best views the company’s investment portfolio to be of moderate risk, with the majority of investments allocated toward cash and term deposits and the remainder held in non-rated corporate bonds, affiliated private equity investments and real estate. Offsetting factors include the company’s high dividend payout ratio and high reinsurance dependence to support the underwriting of large commercial property, engineering and energy risks.

AM Best views PVI Insurance’s operating performance as strong, supported by its five-year average return-on-equity ratio of 17.1% (2020-2024). While underwriting results were affected by Typhoon Yagi, the overall impact was limited, and the company continued to generate favourable operating earnings, reporting a return on equity ratio of 14% in 2024. Underwriting performance is expected to remain robust over the medium term, supported by profitable results in both commercial and retail lines of business. Investment income, consisting mainly of interest and dividend incomes, is expected to remain as a key contributor to the company’s overall earnings.

AM Best views PVI Insurance’s business profile as neutral. The company is the largest non-life insurer in Vietnam based on 2023 direct premiums and it continues to grow its market share. The company has a strong market position in commercial and industrial lines of business, including energy, property, engineering, aviation and marine insurance, as supported by its affiliation with the PetroVietnam (PVN) group, one of the largest state-owned oil and gas corporations in Vietnam. Support from HDI V.a.G. has enhanced PVI Insurance's technical expertise and service offerings, strengthening its position in the regional industrial risks’ insurance segment. Business expansion in inwards reinsurance was a major contributor to recent growth, although prudent accumulation management remains an area to be monitored.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: 
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Contact

Ong Xin Ya
Associate Financial Analyst
+65 6303 5024
xinya.ong@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Chris Lim, FCII, CFA
Associate Director
+65 6303 5018
chris.lim@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Source : AM Best

TELEDYNE UNVEILS TETRA LINE SCAN CAMERA FOR COST-SENSITIVE APPLICATIONS

 

KUALA LUMPUR, March 21 (Bernama) -- Teledyne DALSA, a Teledyne Technologies company and global leader in machine vision, has unveiled the new Tetra line scan camera family for cost-sensitive applications.

Designed for a wide range of machine vision applications, Tetra leverages Teledyne’s latest multiline CMOS image sensor technology and builds on the success of the original Linea series of high-value line scan cameras.

According to Teledyne DALSA in a statement, the Tetra camera family offers a high performance-to-cost ratio through its 2.5 GigE Vision interface, which ensures highly reliable data transmission over long cable lengths.

Available in 2k, 4k, and 8k resolutions with a line rate of up to 150 kilohertz (kHz), the camera comes in both monochrome and colour versions, with power consumption under six watts.

The monochrome models deliver excellent image quality with options for single monochrome or dual-line HDR mode, while the colour models provide true red, green, and blue colours without any data interpolation.

Tetra includes essential line scan features such as multiple regions of interest, programmable coefficient sets, and power over internet, in which its 2.5 GigE Vision interface makes it ideal for applications such as electronics inspection, optical sorting, and packaging inspection.

The Tetra line scan camera family will be showcased at Vision China, Shanghai, from March 26 to 28.

-- BERNAMA

Wednesday, 19 March 2025

GALLANT CAPITAL ACQUIRES ALTIFY, A LEADING GLOBAL SALES ENABLEMENT ACCOUNT PLANNING SOFTWARE PLATFORM

 


LOS ANGELES, March 19 (Bernama-BUSINESS WIRE) -- Gallant Capital Partners (“Gallant”) announced today that it has closed on its acquisition of Altify (the “Company”). Altify is a leading sales enablement software platform that provides mission critical sales transformation to enterprise companies. Altify’s account planning AI cloud drives predictable and sustainable revenue growth. As part of the transaction, Gallant is partnering with Patrick Morrissey and Anthony Reynolds, who are returning to lead the Company as CEO and Executive Board Member, respectively.

“Altify is a market leader in the sales enablement and revenue optimization sector, with a long history of delivering tangible ROI to its customers. We are excited to partner with Patrick and Anthony to drive growth as a standalone business,” said Jon Gimbel, Partner at Gallant.

“Altify’s account planning AI platform is clearly differentiated and essential to its blue-chip customer base,” added Chris Suen, Managing Director at Gallant. “We see significant opportunity to invest back into the business to further expand the platform’s capabilities to even better serve its customers.”

“This acquisition represents Gallant’s third corporate carveout in the past year, and highlights Gallant’s steadfast commitment to being a trusted partner to corporate sellers and management teams. We are confident that Altify will thrive as a standalone business under our ownership,” added Anthony Guagliano, Partner at Gallant.

“I’m excited to return to Altify and lead the team as CEO. Partnering with Gallant will fuel our growth and help us deliver impact to our customers. Gallant’s collaborative approach, deep operational experience, and capital to fuel investment in our software platform will allow us to better serve our customers’ evolving needs. The entire team at Altify is very excited about the future and the incredible opportunities that lie ahead for the Company,” continued Patrick Morrissey.

About Altify

Altify is the account planning AI cloud for revenue teams that use Salesforce. Delivering a combination of methodology, sales process, and AI enabled technology, Altify enables world-class sales organizations to solve problems, grow relationships, and win more opportunities. Built natively on the Salesforce Platform, Altify’s account planning platform helps thousands of salespeople, sales leaders, and revenue teams achieve sustained customer revenue optimization and sales success. Learn more at www.altify.com.

About Gallant

Gallant Capital Partners is a private equity firm that invests in technology, business services, and industrial companies. Gallant executes an operationally focused investment strategy with a priority on partnering closely with companies that can benefit from its extensive industry relationships and operating expertise. The firm partners with owners, founders, and management teams to maximize value and drive long-term, sustainable growth for its portfolio companies. Gallant was founded in 2018 and is headquartered in Los Angeles. For more information, visit www.gallantcapital.com.

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Contact

Media Contact Information:

Jamie Kim
Gallant Capital
jkim@gallantcapital.com
(310) 362 3309


Source : Gallant Capital Partners

SHOUT OUT TO THE ELEVATED HONG KONG SEVENS!

 


Table

Kai Tak Stadium​


One of the World’s Biggest Rugby Parties in the All-new Kai Tak Stadium this Hong Kong Super March


HONG KONG, March 19 (Bernama-BUSINESS WIRE) -- Hong Kong Super March is in full swing, with 10 world-class events across sports, art, culture, and entertainment taking over the city this month. Anticipation is at fever pitch for the next mega event, the Cathay/HSBC Hong Kong Sevens 2025, which takes place from 28 – 30 March in the all-new Kai Tak Sports Park.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250314034051/en/ 

This year’s tournament marks a thrilling new chapter for one of the world’s biggest rugby parties as it settles into a new home at the 50,000-seat, state-of-the-art Kai Tak Stadium, which officially opened on 1 March. This move is a game-changer for the Hong Kong Sevens, taking the experience to exhilarating new heights, and solidifying Hong Kong’s status as a global destination for world-class mega events. Fans can look forward to next-level experiences, a remarkable lineup of headline performances and an unforgettable celebration of rugby that will leave everyone in awe.

Game on! Kai Tak Stadium delivers unprecedented scale and thrills for fans

Taking place in the all-new Kai Tak Stadium — among a rare few venues globally designed specifically for rugby — this year's Hong Kong Sevens is set to be more spectacular than ever, with increased capacity and state-of-the-art technology revolutionising the fan experience. The stadium features a retractable roof and an innovative bowl cooling system, ensuring every seat offers unparalleled comfort. But the excitement doesn’t stop there—between matches, fans can head to The Champion, one of Asia’s largest sports bars spanning an impressive 100 meters on the second floor of the East Concourse, to soak up the vibrant atmosphere and enjoy a full Sevens experience.

Party Time! The renowned South Stand returns bigger and bolder than ever before

Get your costume ready, because the legendary South Stand is back and will be better than ever! This cherished tradition of the Hong Kong Sevens is known for its electrifying, party-like vibe, and is more than just a seating area! This year, the new South Terrace with South Deck takes the viewing experience to a whole new level, with a stunning panoramic glass wall that provides a breathtaking vista of Victoria Harbour, making it the perfect spot for fans to immerse themselves in the thrilling atmosphere of Hong Kong Sevens.

Rock the Night! Hong Kong’s biggest party lights up with live music, pyro shows and more

This year’s Sevens promises a feast of entertainment for fans, from the 72 scintillating Sevens matches featuring 30 world-class teams, to headline musical performances by international stars, with British rockers Kaiser Chiefs, DJing royalty Pete Tong and Italian singer-songwriter GALA set to take the stage. An all-new captivating laser show will illuminate the tournament’s opening, alongside the largest pyrotechnic shows igniting both opening and closing ceremonies in Hong Kong Sevens history, keeping the vibes high over Hong Kong’s biggest party weekend!

More than just Rugby! Soak up the after party vibes right by the stadium

The Hong Kong Sevens is more than just a rugby tournament — it’s a thrilling, non-stop celebration where the excitement continues long after the final whistle, with plenty to explore in the neighbourhood of the stadium. The event’s new home venue, Kai Tak Sports Park, spans 28-hectares. As its dedicated retail zone, Kai Tak Mall features nearly 200 retail outlets, including close to 70 dining options, making it the perfect for post-game gathering spot for fans.

For fans looking for a true taste of Hong Kong, take a short stroll to nearby Kowloon City. This historic neighbourhood is brimming with cultural and culinary treasures, including some of Hong Kong’s most authentic Teochew and Guangdong restaurants. Kowloon City is also renowned as “Little Thailand”, with the neighbourhood’s grid-like streets boasting a colourful array of Thai cuisine and culture. Whether you’re craving bold flavours or eager to explore Hong Kong’s diverse culinary scene, this lively area offers something for every palate.

While the city’s ambience will reach its pinnacle during the Hong Kong Sevens, Hong Kong Super March transforms the city into a vibrant, month-long celebration. Explore unmissable world-class events across sports, arts and culture, including Art Basel Hong Kong, Art Central, and the only international edition of American pop culture phenomenon ComplexCon, all taking place in Asia’s mega event hub this month. Visitors can enjoy over 160 incredible deals by more than 1,500 outlets – from dining outlets like Häagen-Dazs™ and LUNA at AIRSIDE, to attractions and hotels, including JOYPOLIS SPORTS HONG KONG at Kai Tai Sports Park and Dorsett Kai Tak Hong Kong – promising a fully upgraded journey during Hong Kong Super March. Remember to secure your offers at https://www.discoverhongkong.com/eng/what-s-new/events/super-march.html.

Don’t miss the chance to be part of Sevens history at the all-new Kai Tak Stadium. Make sure to prepare your most creative costume for the legendary South Stand and embrace the vibrant atmosphere as Hong Kong’s biggest rugby party embarks on a brand-new chapter. Visit https://hksevens.com/ to find out how you can be part of the action!

Images can be accessed at:
https://assetlibrary.hktb.com/assetbank-hktb/action/browseItems?cachedCriteria=1&categoryId=1943&categoryTypeId=2&allCats=0

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Contact

For media enquiries, please contact:
Alice Chen
Email: alice.chen@hktb.com
Janus Lai
Email: janus.lai@hktb.com

Source : Hong Kong Tourism Board