KUALA LUMPUR, Feb 22 (Bernama) -- Publisher-focused sell-side platform (SSP), PubMatic, has launched OpenBid, a breakthrough programmatic-first solution that provides app publishers and developers with a gateway to programmatic demand and brand ad budgets.
The lightweight solution offers mobile app developers the full potential of the growing programmatic opportunity with access to incremental demand via cloud-based partner management that occurs within PubMatic’s infrastructure.
“OpenBid is a programmatic-first SDK (Software Development Kit) that is optimised for improved user experience and offers increased competition for app inventory. Flattening the waterfall with header bidding and real-time pricing data helps publishers grow yield and revenue, above and beyond demand from current mediation partners,” said PubMatic senior vice-president of product management, Evan Simeone.
According to a statement, PubMatic has leveraged its strategic links with over 200 demand sources, including preferred, supply path optimisation deals to provide app developers with unparalleled access to programmatic demand.
Its deep expertise in header bidding innovation and advanced programmatic direct deal models delivers the efficiency and performance of unified auctions in a single SDK.
As a leading omni-channel SSP, PubMatic is capitalising on the breadth and depth of its programmatic platform and expertise in header bidding to provide solutions for the mobile app environment.
For more information, contact https://pubmatic.com.
-- BERNAMA
Thursday, 28 February 2019
FedEx autonomous robot, future of doorstep delivery
Collaborating with companies such as AutoZone, Lowe’s, Pizza Hut, Target, Walgreens and Walmart, the retailers could accept orders from nearby customers and deliver them by bot directly to customer homes or businesses on the same day.
“The FedEx SameDay Bot is an innovation designed to change the face of local delivery and help retailers efficiently address their customers’ rising expectations,” said FedEx executive vice-president and chief marketing and communications officer, Brie Carere.
The bot features include pedestrian-safe technology from the iBot, plus advanced technology such as LiDAR and multiple cameras, allowing the zero-emission, battery-powered bot to be aware of its surroundings.
These features are coupled with machine-learning algorithms to detect and avoid obstacles, plot a safe path and allow the bot to follow road and safety rules.
Proprietary technology makes the bot highly capable, allowing it to navigate unpaved surfaces, curbs and even steps for an extraordinary door-to-door delivery experience.
FedEx Office currently offers a SameDay City service, operating in 32 markets and 1,900 cities using FedEx vehicles and uniformed employees. In spite of this, the bot will complement the FedEx SameDay City service.
The FedEx bot is jointly developed with DEKA Development & Research Corp. and its founder Dean Kamen, an inventor of many life-changing technologies, including the iBot™ Personal Mobility Device and the Segway®.
FedEx will test the bot this summer in select markets, including Memphis, Tennessee, pending final city approval. The initial test will involve deliveries between selected FedEx Office locations.
More details can be found at thefuturefedex.com.
-- BERNAMA
TOSHIBA LAUNCHES ONE-GATE LOGIC WITH SINGLE POWER SUPPLY SUPPORTING LOW VOLTAGE OPERATION
- Single-supply design simplifies board layout in voltage-level translation applications -
TOKYO, Feb 28 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has launched a lineup of 31 single power supply one-gate logic devices that support low voltage operation. The new “7UL1G series,” suitable for down translation to 0.9V, and “7UL1T series,” for up translation from 1.8V to 3.3V, allow users to more easily[1] design voltage-level translation used for data communication control on devices with multiple power supply systems. Volume production and shipments start today.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190227006091/en/
The 7UL1G series support down translation to 0.9V, and the 7UL1T series support up translation from 1.8V to 3.3V, realizing simplified logic-level and voltage-level translation in multiple power supply systems.
7UL1G series devices operate with a 0.9V to 3.6V power supply, and their input terminals are 3.6V-tolerant. When used with a 0.9V power supply, down translation to 0.9V combined with logic-level translation of 0.9V to 3.6V input signals can be provided by a single device.
7UL1T series devices operate with a power supply of 2.3V to 3.6V, and their input threshold voltage are set to 50% or less of the power supply voltage. When used with a 3.3V power supply, up translation to 3.3V combined with logic-level translation of 1.8V to 3.6V input signals can be provided by a single device.
Toshiba’s current products require a level shifter with two power supplies (input-side and output-side power supplies) to implement up translation for a low voltage system of 3.3V or less. The new 7UL1T series allow users to implement voltage-level translation with a single power supply, allowing easier design of voltage-level translation circuits with no concerns about the power-on sequence or voltage restriction between the two power supplies—a restriction when a two-power-supply level shifter is used.
In addition to the industry-standard USV package, the fSV package[2], the industry’s smallest lead-type package[3] is available, contributing to space saving in products.
Applications
• Data communication control circuits of devices with multiple power supply systems, including smartphones, tablets, laptop PCs, digital cameras, POS and IoT equipment.
TOKYO, Feb 28 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has launched a lineup of 31 single power supply one-gate logic devices that support low voltage operation. The new “7UL1G series,” suitable for down translation to 0.9V, and “7UL1T series,” for up translation from 1.8V to 3.3V, allow users to more easily[1] design voltage-level translation used for data communication control on devices with multiple power supply systems. Volume production and shipments start today.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190227006091/en/
The 7UL1G series support down translation to 0.9V, and the 7UL1T series support up translation from 1.8V to 3.3V, realizing simplified logic-level and voltage-level translation in multiple power supply systems.
7UL1G series devices operate with a 0.9V to 3.6V power supply, and their input terminals are 3.6V-tolerant. When used with a 0.9V power supply, down translation to 0.9V combined with logic-level translation of 0.9V to 3.6V input signals can be provided by a single device.
7UL1T series devices operate with a power supply of 2.3V to 3.6V, and their input threshold voltage are set to 50% or less of the power supply voltage. When used with a 3.3V power supply, up translation to 3.3V combined with logic-level translation of 1.8V to 3.6V input signals can be provided by a single device.
Toshiba’s current products require a level shifter with two power supplies (input-side and output-side power supplies) to implement up translation for a low voltage system of 3.3V or less. The new 7UL1T series allow users to implement voltage-level translation with a single power supply, allowing easier design of voltage-level translation circuits with no concerns about the power-on sequence or voltage restriction between the two power supplies—a restriction when a two-power-supply level shifter is used.
In addition to the industry-standard USV package, the fSV package[2], the industry’s smallest lead-type package[3] is available, contributing to space saving in products.
Applications
• Data communication control circuits of devices with multiple power supply systems, including smartphones, tablets, laptop PCs, digital cameras, POS and IoT equipment.
| Features |
| • Voltage-level translation with a single power supply for low voltage systems: |
| Down translation from 3.6V input to 0.9V output[4] (7UL1G series) |
| Up translation from 1.65V input to 3.6V output[5] (7UL1T series) |
| • Built-in power down protection function[6] |
| • Two package types: |
| fSV package: The industry’s smallest lead-type package |
| [Package code: SOT953, 1.0×1.0×0.48 mm (typ.)] |
| General-purpose USV package: [Package code: SOT-353, 2.0×2.1×0.9 mm (typ.)] Please click here for Main Specifications |
Notes:
[1] Comparison with Toshiba’s current products.
[2] Available only for 7UL1G series.
[3] As of February 28, 2019. Toshiba survey.
[4] @VCC=0.9V
[5] @VCC=3.6V
[6] Power down protection function: A function that prevents malfunction and failure even if voltage remains in input/output at the time of power supply OFF (up to 3.6V)
[7] Under development (as of January 2019)
Follow the link below for more on Toshiba’s One-Gate Logic(L-MOS) lineup.
https://toshiba.semicon-storage.com/ap-en/product/logic/one-gate-logic.html
To check availability of the new products at online distributors, please visit:
7UL1G Series
https://toshiba.semicon-storage.com/ap-en/buy/stockcheck.7UL1G.html
7UL1T Series
https://toshiba.semicon-storage.com/ap-en/buy/stockcheck. 7UL1T.html
Customer Inquiries:
Small Signal Device Sales & Marketing Department
Tel: +81-3-3457-3411
https://toshiba.semicon-storage.com/ap-en/contact.html
Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.
About Toshiba Electronic Devices & Storage Corporation
Toshiba Electronic Devices & Storage Corporation combines the vigor of a new company with the wisdom of experience. Since becoming an independent company in July 2017, we have taken our place among the leading general devices companies, and offer our customers and business partners outstanding solutions in discrete semiconductors, system LSIs and HDD.
Our 22,000 employees around the world share a determination to maximize the value of our products, and emphasize close collaboration with customers to promote co-creation of value and new markets. We look forward to building on annual sales now surpassing 800-billion yen (US$7 billion) and to contributing to a better future for people everywhere.
Find out more about us at https://toshiba.semicon-storage.com/ap-en/top.html
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190227006091/en/
Contact
Media Inquiries:
Toshiba Electronic Devices & Storage Corporation
Digital Marketing Department
Chiaki Nagasawa
Tel: +81-3-3457-4963
semicon-NR-mailbox@ml.toshiba.co.jp
Source : Toshiba Electronic Devices & Storage Corporation
[1] Comparison with Toshiba’s current products.
[2] Available only for 7UL1G series.
[3] As of February 28, 2019. Toshiba survey.
[4] @VCC=0.9V
[5] @VCC=3.6V
[6] Power down protection function: A function that prevents malfunction and failure even if voltage remains in input/output at the time of power supply OFF (up to 3.6V)
[7] Under development (as of January 2019)
Follow the link below for more on Toshiba’s One-Gate Logic(L-MOS) lineup.
https://toshiba.semicon-storage.com/ap-en/product/logic/one-gate-logic.html
To check availability of the new products at online distributors, please visit:
7UL1G Series
https://toshiba.semicon-storage.com/ap-en/buy/stockcheck.7UL1G.html
7UL1T Series
https://toshiba.semicon-storage.com/ap-en/buy/stockcheck. 7UL1T.html
Customer Inquiries:
Small Signal Device Sales & Marketing Department
Tel: +81-3-3457-3411
https://toshiba.semicon-storage.com/ap-en/contact.html
Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.
About Toshiba Electronic Devices & Storage Corporation
Toshiba Electronic Devices & Storage Corporation combines the vigor of a new company with the wisdom of experience. Since becoming an independent company in July 2017, we have taken our place among the leading general devices companies, and offer our customers and business partners outstanding solutions in discrete semiconductors, system LSIs and HDD.
Our 22,000 employees around the world share a determination to maximize the value of our products, and emphasize close collaboration with customers to promote co-creation of value and new markets. We look forward to building on annual sales now surpassing 800-billion yen (US$7 billion) and to contributing to a better future for people everywhere.
Find out more about us at https://toshiba.semicon-storage.com/ap-en/top.html
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190227006091/en/
Contact
Media Inquiries:
Toshiba Electronic Devices & Storage Corporation
Digital Marketing Department
Chiaki Nagasawa
Tel: +81-3-3457-4963
semicon-NR-mailbox@ml.toshiba.co.jp
Source : Toshiba Electronic Devices & Storage Corporation
LeddarTech to present in 2 European industry events in March
KUALA LUMPUR, Feb 26 (Bernama) -- Most versatile and scalable auto and mobility LiDAR platform provider, LeddarTech will participate in two European industry events in March, as part of the LeddarTech Mobility Leadership Series.
Product Manager (Automotive Solutions), Pier-Olivier Hamel will take centre stage at Automotive Tech.AD Berlin in Berlin, Germany while Strategic Partnerships Director, Heinz Oyrer will make a presentation at the Sensor Solutions 2019 International Conference in Brussels, Belgium.
On March 11, Hamel will present Demystifying LiDAR Technology for Automotive AD Applications. He will also review the timeline for the integration of automotive LiDAR, including the critical requirements, key building blocks of LiDAR Systems and their impact in fulfilling the needs of mass-market automotive-grade LiDARs.
Automotive Tech.AD Berlin is addressing the challenges of achieving full autonomy. As one of Europe’s leading knowledge exchange events, it brings together over 350 stakeholders in the vehicle automation scene.
Meanwhile on March 26, Oyrer will address leading experts and executives in the sensor industry on how to Leverage Ecosystem Collaboration to Create a Versatile and Scalable LiDAR Solution.
Oyrer will also explain how an ecosystem of world-class automotive suppliers provides pre-qualified sourcing options for components and software to use in the design of solid-state LiDARs, accelerating and simplifying the development and procurement processes, for the benefit of all stakeholders.
Sensor Solutions International is a two-day, high tech event where attendees will gain up-to-date overview of the global sensor industry and related market opportunities.
-- BERNAMA
Hytera showcases latest convergence communication solutions in MWC 2019
KUALA LUMPUR, Feb 26 (Bernama) -- The next generation of P-LTE convergence communication solutions, including P-LTE Mission Critical Services (MCS) solution and a new Push-to-Talk Over Cellular (PoC) handset have been launched in Barcelona, Spain.
The solutions were unveiled by China-based innovative professional mobile radio (PMR) communications solutions provider, Hytera Communications Corporation Limited (Hytera) at the Mobile World Conference 2019 (MWC 2019) recently.
During the event, Hytera showcased its capability of converging broadband and narrowband, public and private networks to provide next-generation on-demand communication solutions for public safety, emergency response, rail transit, airports and the energy industry.
Visitors were attracted to multiple trunking services, such as MCPTT calls, video uploading and distribution, video conferencing and dynamic regrouping. The visitors also experienced how the Hytera MCS solution could be used in various scenarios.
The company also showcased a complete PoC solution over 2G, 3G, 4G and WiFi networks for customers, who can either buy additional hardware to build their own networks for private management or rent cloud servers for flexible management.
Hytera PoC radios are compatible with most on-market PoC solutions and adaptable to customised software. The solution also interconnects both narrowband and broadband networks for seamless user experience on voice, call control and dispatch services.
Hytera executive vice-president, Yelin Jiang said the company’s solutions could help customers merge with public networks and even the Internet, and enable them to achieve successful business innovation and transformation with a rich set of smart available applications.
Hytera is an innovative PMR communication solutions provider that improves organisational efficiency and makes the world safer. It was founded in Shenzhen, China in 1993. More details at www.hytera.com
-- BERNAMA
-- BERNAMA
Johnson Matthey powers long-term battery material supply to Lithium Werks
KUALA LUMPUR, Feb 28 (Bernama) -- Johnson Matthey (JM), a global leader in science that enables a healthier world, will supply lithium iron phosphate (LFP) battery cathode material to energy storage and battery company, Lithium Werks.
This follows a long-term battery material supply agreement between both companies, spanning five years, beginning April 1.
Through incorporating JM’s advanced LFP technology into Lithium Werks batteries, both companies are energised to work together to support the growing demand from the industry and consumers for higher performing energy storage technologies.
JM will supply its LFP material manufactured at its facility in Changzhou, China.
The cathode material is a key component in battery cells produced by Lithium Werks, for a range of applications, including material handling, large motive, maritime and energy storage.
Lithium Werks chief executive officer, T. Joseph Fisher III said a secure long-term supply of cathode material from a solid supplier like Johnson Matthey would provide additional certainty to its customers and enable the transition to clean and sustain renewable energy.
Meanwhile, JM’s Battery Materials business chief technology officer and chief executive, Alan Nelson said the company was pleased to enter into this agreement with Lithium Werks to supply the LFP.
Lithium Werks is a fast-growing global lithium-ion battery company, headquartered in Hengelo, Netherlands. The company provides cells, modules and energy management systems.
-- BERNAMA
Wednesday, 27 February 2019
SYNTONIC RELEASES NEW MOBILE SERVICES IN ITS AWARD-WINNING REVENUE GENERATION PLATFORM
End-to-End Platform Enables Carriers to Generate More Revenue from Mobile Data and the App Economy
BARCELONA, Spain, Feb 25 (Bernama-BUSINESS WIRE) -- MOBILE WORLD CONGRESS -- Syntonic, a leading mobile technologies and services provider, today announced three new carrier services: the Syntonic Captive Portal™ for generating revenue from zero-balance customers; Syntonic Sponsored Web™ for enabling sponsored, data-free web access; and the Syntonic Mobile Commerce Suite™ for managing consumer online transactions using stored carrier credit and online wallets.
Syntonic’s award-winning software, services, and support span mobile advertising, content monetization, and online commerce. Syntonic provides the only end-to-end revenue generation platform that enables app publishers, content providers and advertisers to engage their audience and customers throughout their entire lifecycle.
“Mobile carriers are not participating in the ‘app-economy’, which is about twice the size of the mobile data business and growing substantially faster,” said Gary Greenbaum, Syntonic CEO. “With Syntonic’s new platform services, we can now provide carriers, content providers and advertisers with full out-of-the-box solutions to generate new revenue streams from engaged mobile subscribers.”
Syntonic’s new platform services include:
BARCELONA, Spain, Feb 25 (Bernama-BUSINESS WIRE) -- MOBILE WORLD CONGRESS -- Syntonic, a leading mobile technologies and services provider, today announced three new carrier services: the Syntonic Captive Portal™ for generating revenue from zero-balance customers; Syntonic Sponsored Web™ for enabling sponsored, data-free web access; and the Syntonic Mobile Commerce Suite™ for managing consumer online transactions using stored carrier credit and online wallets.
Syntonic’s award-winning software, services, and support span mobile advertising, content monetization, and online commerce. Syntonic provides the only end-to-end revenue generation platform that enables app publishers, content providers and advertisers to engage their audience and customers throughout their entire lifecycle.
“Mobile carriers are not participating in the ‘app-economy’, which is about twice the size of the mobile data business and growing substantially faster,” said Gary Greenbaum, Syntonic CEO. “With Syntonic’s new platform services, we can now provide carriers, content providers and advertisers with full out-of-the-box solutions to generate new revenue streams from engaged mobile subscribers.”
Syntonic’s new platform services include:
- Syntonic Captive Portal - a complete solution that enables mobile carriers and WiFi providers to generate revenue from customers without data plans. Prone to churn, zero-balance customers present a migration risk; with the Syntonic Captive Portal, they now become a revenue opportunity for carriers. Carriers and WiFi providers can now offer ad-supported access to select mobile Internet apps, websites and content. Syntonic’s Captive Portal provides access to all advertisers through any ad network.
- Syntonic Sponsored Web - an innovative technology that enables carriers to zero-rate any third-party website using the standard on-phone browser and facilitates a host of new and interesting sponsorship opportunities, such as ad-supported content access. Currently, consumers who visit data-free websites often discover that some of that usage actually counts against their data plan. This “data leakage” is due to limitations in existing network-only based technology solutions. Syntonic Sponsored Web, by contrast, eliminates data leakage and provides 100 percent revenue assurance without any modifications to browsers, web sites, or the carrier network. Importantly, carriers can also quickly setup and deploy campaigns and receive real-time campaign analytics at scale with Syntonic’s platform tools.
- Syntonic Mobile Commerce Suite (MCS) - A set of services including direct-carrier billing and integrated wallet that enable flexible payment models such as subscription and single-item transactions and in-app purchases. The Syntonic MCS reduces financial risk for the merchant and enables consumers to quickly, securely and easily purchase through their smartphones.
Please visit Syntonic at this year’s Mobile World Congress. Syntonic can be found in Hall 8.1 Stand 8.1A11 in the Fira Gran Via.
About Syntonic
Syntonic (ASX: SYT) unlocks the value of mobile data. Carriers worldwide use Syntonic’s easy-to-deploy Revenue Generation Platform to generate new income streams from mobile data and the app economy. Syntonic’s award-winning software, services, and support span mobile advertising, content monetization, online commerce, and expensive management for enterprises. Learn more at www.syntonic.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190224005102/en/
Contact
For media inquiries, please contact:
Pulse8 PR
Paul Lonnegren, 720-470-7488
plonnegren@pulse8pr.com
Source : Syntonic
--BERNAMA
About Syntonic
Syntonic (ASX: SYT) unlocks the value of mobile data. Carriers worldwide use Syntonic’s easy-to-deploy Revenue Generation Platform to generate new income streams from mobile data and the app economy. Syntonic’s award-winning software, services, and support span mobile advertising, content monetization, online commerce, and expensive management for enterprises. Learn more at www.syntonic.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190224005102/en/
Contact
For media inquiries, please contact:
Pulse8 PR
Paul Lonnegren, 720-470-7488
plonnegren@pulse8pr.com
Source : Syntonic
--BERNAMA
EVENTBRITE EXPANDS INTO ASIA WITH LAUNCH IN SINGAPORE
Following strong organic growth in the market, company debuts optimised platform designed to empower local event creators
SINGAPORE, Feb 27 (Bernama-GLOBE NEWSWIRE) -- Eventbrite (NYSE: EB), a global ticketing and event technology platform that powers millions of events, today announced its expansion into Asia with the launch of its first localised platform in the Asian market.
The launch in Singapore is the company’s first foray into Asia’s booming events market and follows sizeable organic growth and adoption of Eventbrite in the Asia Pacific region. The localised platform at eventbrite.sg will empower Singaporean event creators with innovative solutions to help them create experiences and sell even more tickets – including curated local content, seamless native checkout and payment processing in Singapore Dollars (SGD).
To date, Eventbrite has experienced strong growth in Singapore, powering more than 90,000 events in the country since the platform’s inception. The success of the platform in-market points to:
SINGAPORE, Feb 27 (Bernama-GLOBE NEWSWIRE) -- Eventbrite (NYSE: EB), a global ticketing and event technology platform that powers millions of events, today announced its expansion into Asia with the launch of its first localised platform in the Asian market.
The launch in Singapore is the company’s first foray into Asia’s booming events market and follows sizeable organic growth and adoption of Eventbrite in the Asia Pacific region. The localised platform at eventbrite.sg will empower Singaporean event creators with innovative solutions to help them create experiences and sell even more tickets – including curated local content, seamless native checkout and payment processing in Singapore Dollars (SGD).
To date, Eventbrite has experienced strong growth in Singapore, powering more than 90,000 events in the country since the platform’s inception. The success of the platform in-market points to:
- A rich and growing events industry: More than 4.9 million tickets have been transacted on Eventbrite in Singapore since the platform’s inception.
- A deeply passionate community of event creators: With over 17,000 Singaporean event creators already using the Eventbrite platform, it appears that that locals love hosting live experiences.
- A country of diverse tastes: Eventbrite has seen strong organic growth in community, education, and food events in Singapore, with events such as the Saturday Kids’ children’s education workshops and performances at The Singapore American School.
Eventbrite’s opportunity in Singapore is fuelled by the nation’s growing appetite for live experiences. Research released today conducted by Roy Morgan in conjunction with Eventbrite shows that 95% of Singaporeans attended an event in the past 12 months; with almost half (44%) of those surveyed stating they intend to increase the number of events they attend in the next year.
This research into Singapore's growing experience economy also found:
This research into Singapore's growing experience economy also found:
- On average, Singaporeans reported that they spent a total of S$429 on live experiences from November 2017 to November 2018, while 13% of those surveyed reported that they spent more than S$1000 in that same period.
- The majority of Singaporeans (79%) would rather spend their money on an experience versus a tangible item.
- Close to two-thirds of Singaporean millennials (aged 18-34) attend live events to have something to share on social media (57%).
- Mature Singaporeans are seeking new skills: 59% of those aged 45+ attended an education class or workshop in the past year.
Phil Silverstone, General Manager, Asia Pacific, said Eventbrite’s launch into Asia comes at a time of immense opportunity.
"Singapore is a nation where live experiences are deeply woven into the cultural fabric. From its dynamic arts festivals to its world-famous food scene, there's always something new and exciting to do in the Lion City; and it's a market we view as strategic to Eventbrite’s long-term success in the Asia Pacific region," he said.
“We’ve been closely tracking the events market in Singapore and are excited about the quality and breadth of events taking place. Following strong organic growth of our platform in-market, we’re pleased to deliver a localised offering that will help Singaporean event creators be even more successful and look forward to deepening our understanding of the local market to best serve their needs now, and into the future."
About Eventbrite
Eventbrite is a global ticketing and event technology platform that provides creators of all shapes and sizes with tools and resources to seamlessly plan, promote, and produce live experiences around the world. Eventbrite’s powerful platform, which can be accessed online or via mobile apps, scales from basic registration and ticketing to a fully featured event management platform. Eventbrite was founded by Julia Hartz, Kevin Hartz, and Renaud Visage and launched operations in 2006. The company has more than 1,000 employees in 14 offices around the world. Learn more at www.eventbrite.sg.
"Singapore is a nation where live experiences are deeply woven into the cultural fabric. From its dynamic arts festivals to its world-famous food scene, there's always something new and exciting to do in the Lion City; and it's a market we view as strategic to Eventbrite’s long-term success in the Asia Pacific region," he said.
“We’ve been closely tracking the events market in Singapore and are excited about the quality and breadth of events taking place. Following strong organic growth of our platform in-market, we’re pleased to deliver a localised offering that will help Singaporean event creators be even more successful and look forward to deepening our understanding of the local market to best serve their needs now, and into the future."
About Eventbrite
Eventbrite is a global ticketing and event technology platform that provides creators of all shapes and sizes with tools and resources to seamlessly plan, promote, and produce live experiences around the world. Eventbrite’s powerful platform, which can be accessed online or via mobile apps, scales from basic registration and ticketing to a fully featured event management platform. Eventbrite was founded by Julia Hartz, Kevin Hartz, and Renaud Visage and launched operations in 2006. The company has more than 1,000 employees in 14 offices around the world. Learn more at www.eventbrite.sg.
Australia´s Guild Insurance Limited has robust Financial Strength Rating - AM Best
KUALA LUMPUR, Feb 25 (Bernama) -- AM Best has affirmed the Financial Strength Rating of A- (excellent) and the Long-Term Issuer Credit Rating of ‘a-’ of Guild Insurance Limited (GIL) Australia.
The stable outlook of the ratings reflects GIL’s balance sheet strength, which AM Best categorised as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
According to a statement, GIL’s balance sheet strength is underpinned by its risk-adjusted capitalisation, which AM Best expects to remain at the strongest level over the medium term, as measured by Best’s Capital Adequacy Ratio.
AM Best views GIL’s operating performance as adequate, as evidenced by a five-year average return on equity ratio of six per cent (fiscal years 2014 to 2018).
Historically, GIL’s combined ratio has been maintained at approximately 100 per cent, reflecting a favourable loss ratio, albeit offset by an elevated expense ratio when compared with the industry average.
The company is a leading provider of insurance protection to allied health professional associations. Its presence in this segment is supported by its direct access to members of its parent company, The Pharmacy Guild of Australia.
AM Best is a global rating agency and information provider with unique focus on the insurance industry. For more information, contact www.ambest.com.
-- BERNAMA
-- BERNAMA
MERCER'S 2019 GLOBAL TALENT TRENDS
Mercer’s 2019 Global Talent Trends study identifies four top trends shaping the future of work
KUALA LUMPUR, Malaysia, Feb 27 (Bernama-BUSINESS WIRE) -- According to Mercer’s 2019 Global Talent Trends study, nearly three-quarters (73%) of executives predict significant disruption in the next three years, compared to 26% in 2018. As executives focus on making their organizations “future-fit”, significant human capital risks – including the ability to close the skills gap and overcome employee change fatigue – can impede transformation progress. Addressing these concerns is paramount, given that only one in three executives rate their company’s ability to mitigate human capital risks as very effective.
“Over the last few years, organizations have moved from anticipation to action in preparing for the future of work. But they risk bewildering people with too much change, ignoring the values individuals admire, and inundating them with endless process,” said Ilya Bonic, President of Mercer’s Career business.
In today’s climate of uncertainty, employees seek stability. Mercer’s study finds that job security is one of the top three reasons employees joined their company, and the main reason they stay. Yet, one in three employees are concerned that AI and automation will replace their job. The way to help employees feel secure is to foster the human connections. Thriving employees (those prospering in the areas of health, wealth, and career) are twice as likely to describe their role as “relationship focused” and their work environment as “collaborative.”
“The future of work is about connectivity, creating a work environment that appeals to today’s workforce by building a coherent sense of identity, sparking connections, and using data to personalize the experience,” said Kate Bravery, Career Global Solutions Leader at Mercer.
Mercer’s study identifies four top trends that leading companies are pursuing in 2019: Aligning Work to Future Value, Building Brand Resonance, Curating the Work Experience, and Delivering Talent-led Change.
Aligning Work to Future Value. AI and automation continue to transform the competitive landscape – 60% of companies plan to automate more work in the next 12 months. At the same time, the C-suite names job redesign as the area of talent investment with the highest potential for return on investment, and 65% of employees are asking for more clearly defined responsibilities. The challenge for HR is to build an integrated people strategy (an approach deployed four times more frequently by high-growth companies) and leverage the right talent analytics to inform decisions on the future size and shape of the organization – yet only one-third of companies have good insights into the business impact of their buy, build, borrow, and automate strategies. “The key is aligning jobs and people to where value is being created, and enabling a mechanism to reward future-fit skills and behaviors,” said Ms. Bravery.
Building Brand Resonance. What matters to employees and job seekers is the way a company conducts business and upholds the values of its brand. In a social, transparent world, the lines are blurring between a company’s consumer brand and its talent value proposition (TVP). Successful companies ensure that their brand resonates with all workforce segments – 68% of high-growth organizations differentiate their TVP to different groups (such as contingent workers), compared to 47% of modest-growth companies. An organization’s total rewards philosophy is one area where brand values can shine: Thriving employees are four times more likely to work for a company that ensures equity in pay and promotion decisions (78% vs. 18%).
Curating the Work Experience. An effective and relevant day-to-day work experience is essential for retaining top talent. According to Mercer’s study, thriving employees are three times more likely to work for an organization that enables quick decision-making (81% vs. 26%) and that provides tools and resources for them to do their job efficiently (82% vs. 30%). Personalized and simplified professional development plans are an ask from employees – more than half (56%) of employees want curated learning to help them evolve their skills and prepare for future jobs. Technology plays a critical role – high-growth firms are twice as likely as moderate-growth firms to provide a fully digital experience for employees.
Delivering Talent-led Change. To ensure talent is at the center of change, HR should have a voice in business transformation. This year’s study found 61% of HR leaders involved in planning the rollout of major change projects and 54% involved in executing those plans. But, only two in five HR leaders participated in the idea generation stage of transformation initiatives. HR sees employee morale as a significant barrier to making changes stick: “Employee attrition” and a “decline in employee trust” are two of the top challenges in the year ahead. “These findings point to the need for transformation efforts to focus on people-centered design and better talent metrics to understand how people are experiencing and embracing change,” said Mr. Bonic.
Mercer’s 2019 Global Talent Trends study shares insights from over 7,300 senior business executives, HR leaders, and employees from nine key industries and 16 geographies around the world. To download the report, visit https://www.mercer.com/global-talent-trends.
http://mrem.bernama.com/viewsm.php?idm=33881
KUALA LUMPUR, Malaysia, Feb 27 (Bernama-BUSINESS WIRE) -- According to Mercer’s 2019 Global Talent Trends study, nearly three-quarters (73%) of executives predict significant disruption in the next three years, compared to 26% in 2018. As executives focus on making their organizations “future-fit”, significant human capital risks – including the ability to close the skills gap and overcome employee change fatigue – can impede transformation progress. Addressing these concerns is paramount, given that only one in three executives rate their company’s ability to mitigate human capital risks as very effective.
“Over the last few years, organizations have moved from anticipation to action in preparing for the future of work. But they risk bewildering people with too much change, ignoring the values individuals admire, and inundating them with endless process,” said Ilya Bonic, President of Mercer’s Career business.
In today’s climate of uncertainty, employees seek stability. Mercer’s study finds that job security is one of the top three reasons employees joined their company, and the main reason they stay. Yet, one in three employees are concerned that AI and automation will replace their job. The way to help employees feel secure is to foster the human connections. Thriving employees (those prospering in the areas of health, wealth, and career) are twice as likely to describe their role as “relationship focused” and their work environment as “collaborative.”
“The future of work is about connectivity, creating a work environment that appeals to today’s workforce by building a coherent sense of identity, sparking connections, and using data to personalize the experience,” said Kate Bravery, Career Global Solutions Leader at Mercer.
Mercer’s study identifies four top trends that leading companies are pursuing in 2019: Aligning Work to Future Value, Building Brand Resonance, Curating the Work Experience, and Delivering Talent-led Change.
Aligning Work to Future Value. AI and automation continue to transform the competitive landscape – 60% of companies plan to automate more work in the next 12 months. At the same time, the C-suite names job redesign as the area of talent investment with the highest potential for return on investment, and 65% of employees are asking for more clearly defined responsibilities. The challenge for HR is to build an integrated people strategy (an approach deployed four times more frequently by high-growth companies) and leverage the right talent analytics to inform decisions on the future size and shape of the organization – yet only one-third of companies have good insights into the business impact of their buy, build, borrow, and automate strategies. “The key is aligning jobs and people to where value is being created, and enabling a mechanism to reward future-fit skills and behaviors,” said Ms. Bravery.
Building Brand Resonance. What matters to employees and job seekers is the way a company conducts business and upholds the values of its brand. In a social, transparent world, the lines are blurring between a company’s consumer brand and its talent value proposition (TVP). Successful companies ensure that their brand resonates with all workforce segments – 68% of high-growth organizations differentiate their TVP to different groups (such as contingent workers), compared to 47% of modest-growth companies. An organization’s total rewards philosophy is one area where brand values can shine: Thriving employees are four times more likely to work for a company that ensures equity in pay and promotion decisions (78% vs. 18%).
Curating the Work Experience. An effective and relevant day-to-day work experience is essential for retaining top talent. According to Mercer’s study, thriving employees are three times more likely to work for an organization that enables quick decision-making (81% vs. 26%) and that provides tools and resources for them to do their job efficiently (82% vs. 30%). Personalized and simplified professional development plans are an ask from employees – more than half (56%) of employees want curated learning to help them evolve their skills and prepare for future jobs. Technology plays a critical role – high-growth firms are twice as likely as moderate-growth firms to provide a fully digital experience for employees.
Delivering Talent-led Change. To ensure talent is at the center of change, HR should have a voice in business transformation. This year’s study found 61% of HR leaders involved in planning the rollout of major change projects and 54% involved in executing those plans. But, only two in five HR leaders participated in the idea generation stage of transformation initiatives. HR sees employee morale as a significant barrier to making changes stick: “Employee attrition” and a “decline in employee trust” are two of the top challenges in the year ahead. “These findings point to the need for transformation efforts to focus on people-centered design and better talent metrics to understand how people are experiencing and embracing change,” said Mr. Bonic.
Mercer’s 2019 Global Talent Trends study shares insights from over 7,300 senior business executives, HR leaders, and employees from nine key industries and 16 geographies around the world. To download the report, visit https://www.mercer.com/global-talent-trends.
http://mrem.bernama.com/viewsm.php?idm=33881
Tuesday, 26 February 2019
Mind your indigenous languages: international conference in June, British Columbia
KUALA LUMPUR, Feb 22 (Bernama) -- As indigenous languages worldwide continue to disappear at an alarming rate, a conference on indigenous languages will be held in June in Canada.
Approximately, 40 per cent of the estimated 6,700 languages spoken worldwide are in danger of disappearing.
To address this issue, the three-day International Conference on Indigenous Languages 2019 will be held, beginning June 24, in British Columbia (BC).
The event is the collaboration of the First Peoples’ Cultural Foundation and the First Peoples’ Cultural Council, in partnership with the Canadian Commission for UNESCO.
Indigenous leaders and language experts, speakers, learners and advocates worldwide will celebrate, honour and share expertise in indigenous language reclamation, revitalisation and maintenance as well as learn about successful language projects in BC.
The conference aims to provide participants with practical skills and knowledge to support the indigenous language revitalisation work they are leading in their communities and organisations, according to a statement.
Multiple workshop streams such as practical training in indigenous language immersion, archiving and documentation techniques; language policy and legislation; language revitalisation programme planning; models for language revitalisation and education; language and technology; and storytelling will be conducted.
The United Nations has declared 2019 as the Year of Indigenous Languages as initiative to raise international attention on the critical loss of indigenous languages and the need to preserve, revitalise, promote and mobilise urgent and right action to protect them.
For more information, visit https://www.fpcflanguageconference.com
-- BERNAMA
Approximately, 40 per cent of the estimated 6,700 languages spoken worldwide are in danger of disappearing.
To address this issue, the three-day International Conference on Indigenous Languages 2019 will be held, beginning June 24, in British Columbia (BC).
The event is the collaboration of the First Peoples’ Cultural Foundation and the First Peoples’ Cultural Council, in partnership with the Canadian Commission for UNESCO.
Indigenous leaders and language experts, speakers, learners and advocates worldwide will celebrate, honour and share expertise in indigenous language reclamation, revitalisation and maintenance as well as learn about successful language projects in BC.
The conference aims to provide participants with practical skills and knowledge to support the indigenous language revitalisation work they are leading in their communities and organisations, according to a statement.
Multiple workshop streams such as practical training in indigenous language immersion, archiving and documentation techniques; language policy and legislation; language revitalisation programme planning; models for language revitalisation and education; language and technology; and storytelling will be conducted.
The United Nations has declared 2019 as the Year of Indigenous Languages as initiative to raise international attention on the critical loss of indigenous languages and the need to preserve, revitalise, promote and mobilise urgent and right action to protect them.
For more information, visit https://www.fpcflanguageconference.com
-- BERNAMA
MHPS fires up global market as share leader for heavy duty gas turbines
KUALA LUMPUR, Feb 22 (Bernama) -- Mitsubishi Hitachi Power Systems, Ltd (MHPS) secured the 2018 market share leadership in global orders for heavy duty gas turbines (100 MW and above), achieving a major milestone in the global power generation sector.
The result is based on data compiled by the premier reporting agency in the gas turbine market, McCoy Reports.
This segment is the most closely watched by industry experts because it represents the most advanced technology and drives energy production globally.
MHPS market leadership is driven by the J-Series gas turbine and its industry-leading over 64 per cent efficiency and 99.5 per cent reliability.
“Being the heavy duty gas turbine leader in this competitive market is validation of both our world-leading turbine technology and of our employees around the world who put our customers first.
“I am proud more customers are choosing us to provide reliable and efficient power,” said MHPS President & Chief Executive Officer, Kenji Ando.
Globally, MHPS’ heavy duty turbines captured 41 per cent global market share. For the largest gas turbines (post F-class and larger), MHPS had 49 per cent global market share.
MHPS is headquartered in Yokohama, Japan. For more information, contact https://www.mhps.com.
-- BERNAMA
Meet world's first humanoid robot, breakthrough achievement of China's INNFOS
KUALA LUMPUR, Feb 26 (Bernama) -- The world’s first humanoid service robot stamped its mark and mesmerised attendees at the Mobile World Congress (MWC) in Barcelona, Spain recently.
Demonstrating the manner of greeting, coffee serving, dancing, Q&A and even needle threading, the intelligent service robot which goes by the name, XR-1, is powered by Smart Compliant Actuator (SCA), which was independently developed by INNFOS Drive (Beijing) Technologies Co.,Ltd.
SCA integrates the underlying servo driver, high-precision encoder, high-power brushless motor and light-weight gear reducer. All XR-1 joints are assembled with INNFOS SCA.
This is a significant step towards building a service robot capable of intimate human interactions.
To achieve safe and intelligent human-machine interactions, service robots must include compliant controls and be resistant to impacts while retaining the functionalities of a high-precision robot.
In these aspects, INNFOS has fulfilled all requirements, making SCA a cutting-edge actuator.
SCA can be widely used in machinery manufacturing and processing, aerospace, precision instruments, health care and other fields.
The four-day annual MWC began on Feb 25.
-- BERNAMA
Sweet news: PureCircle widens stevia sales reach with newly-appointed leaders
KUALA LUMPUR, Feb 26 (Bernama) -- Stevia sweetener producer and innovator, PureCircle has expanded its commercial teams to broaden sales reach and maintain superior customer sales and technical service.
For this purpose, the company recently hired three new vice-presidents. They are Aymeric De Gantes (Business Development Vice-President); Catalina Reachi Simon (North Latin America Sales Regional Vice-President); and, Chris Tower (North American Sales Regional Vice-President).
These new leaders will report to Chief Commercial Officer, Stéphane Ducroux who joined the company in 2018.
In addition, the company has added other members to its global and regional teams, the cost of which will be offset by internal efficiency savings.
The company has promoted Dave Gallagher and Ken Horn as vice-presidents of Global Key Accounts.
Experts in PureCircle products and their applications, Gallagher and Horn will oversee sales to some of the company’s most important global customers.
PureCircle Chief Executive Officer, Maga Malsagov said these moves would enable the company to better capitalise on growth opportunities created by their innovation and by the increase in demand for new generation stevia ingredients.
“As the global leader in stevia, we are able to attract top talent to help fuel our growth and we welcome the new hires to the PureCircle team.”
PureCircle offers a range of next generation stevia leaf sweeteners, including Reb M and D, which taste great and work well across multiple categories.
These sweeteners help beverage and food companies increase product offerings of zero and low calories without sacrificing taste.
-- BERNAMA
-- BERNAMA
Monday, 25 February 2019
Canada-based OMERS steers into India with maiden infrastructure investment
KUALA LUMPUR, Feb 25 (Bernama) -- Canada-based OMERS Infrastructure, a global investor in infrastructure assets on behalf of OMERS, has acquired a 22.4 per cent interest in IndInfravit Trust (IndInfravit) in India, for a total consideration of INR 8.7 billion (C$160 million) (C$1 = RM3.10).
IndInfravit holds a portfolio of five operational toll road concessions which were initially constructed and operated by L&T Infrastructure Development Projects Limited (L&T IDPL), a subsidiary of Larsen & Toubro Limited (L&T), a leading construction company in India.
According to a statement, the five roads operate in some of the Indian republic’s most economically vibrant states and support the country’s growing economy.
IndInfravit is a platform well placed to play a key role in the future through additional investments in the road infrastructure in India. It is listed on the National Stock Exchange of India Limited and BSE Limited.
“The investment in IndInfravit marks not only our first infrastructure investment in India, but also demonstrates our commitment to invest in the Asia Pacific region following our office opening in Singapore in 2018,” said OMERS Infrastructure Executive Vice-President and Global Head, Ralph Berg.
“Our investment in IndInfravit aligns with our strategy to diversify our portfolio and generate value for OMERS plan members. At the same time, we will participate in the expansion of the Indian economy by investing into crucial infrastructure,” he added.
L&T IDPL sponsored the IndInfravit Trust and is also acting as its Project Manager. Its subsidiary is acting as Investment Manager for IndInfravit.
WLFC, FLYdocs breakthrough digitalisation takes flight in aviation industry
KUALA LUMPUR, Feb 21 (Bernama) -- Willis Lease Finance Corporation (WLFC) and the world’s most advanced aircraft data and records management platform, FLYdocs have jointly developed a pilot programme in the digital transformation of the aviation industry.
The programme demonstrates the use of blockchain technology on an open source data sharing platform for aircraft, engine and component records.
The cutting-edge development attempts to be the first real use of a blockchain and artificial intelligence (AI) solution for managing commercial aircraft, engines and component transitions.
The sharing economy created would present an opportunity to decentralise data exchange, eliminate silos and create a transparent environment for collaboration, with added-value distribution for airlines, industry partners, vendors, manufacturers and regulators.
Users of the platform can expect reduced friction in the transfer of assets, purchases, leases and aircraft sale.
WLFC chairman and chief executive officer (CEO), Charles F Willis said the fundamental goal of the project was to provide increased data integrity, record immutability and security to the aviation industry.
“Although Willis Lease and FLYdocs are acting as architects for the development of this communal platform, users will be able to access the wealth of data and resources autonomously,” he added.
Meanwhile, FLYdocs CEO, Andre Fischer said the immediate value proposition for airlines would be the reduction in working hours that were typically required to comply with lease and ownership transitions.
He expected airlines and data analysts to use the disruptive technology to drive significant efficiency gains in the maintenance, safety and aircraft security within the industry over the next decade.
WLFC leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repairs and overhauls providers in 120 countries.
-- BERNAMA
SMBC MALAYSIA ANNOUNCES APPOINTMENT OF PRESIDENT/CHIEF EXECUTIVE OFFICER
 |
| Mr Tetsuya Kainaka, the new President/Chief Executive Officer of SMBC Malaysia |
KUALA LUMPUR, Feb 25 (Bernama) -- SMBC Malaysia has announced the appointment of Mr Tetsuya Kainaka, 51, as President/Chief Executive Officer effective 23 January 2019.
Mr. Kainaka comes to the role with more than 25 years of banking experience under his belt. He has spent considerable time in Asia and North and South America in corporate banking and treasury.
Most recently, Mr. Kainaka was the General Manager of SMBC’s Global Client Business Department based in the bank’s headquarters in Tokyo, where he managed the non-Japanese multinational clients’ business based in Japan.
Prior to this role, Mr. Kainaka spent three years each in North and South America, managing the corporate banking department from New York and then moving to Brazil to oversee business planning and promotion and the treasury business in Banco Sumitomo Mitsui Brasileiro S.A., Sao Paulo Brazil (a 100% subsidiary of SMBC in Brazil).
Mr Kainaka first joined Sumitomo Mitsui Banking Corporation (formerly Sumitomo Bank Limited) in April 1991, after graduating from Waseda University in Tokyo, Japan, with a bachelor’s degree in law.
About Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation (“SMBC”) was established in April 2001 through the merger of two leading banks of The Sakura Bank, Ltd and The Sumitomo Bank, Ltd.
SMBC is one of the largest banks in Japan, and works with other companies within the Group to provide a comprehensive suite of financial services to clients.
About Sumitomo Mitsui Banking Corporation Malaysia Berhad
Sumitomo Mitsui Banking Corporation Malaysia Berhad (SMBCMY) is a public limited company incorporated and domiciled in Malaysia operating under a full banking license awarded by Bank Negara Malaysia in 2010 and commenced its business in April 2011. The Bank is principally engaged in full-fledged wholesale and institutional banking and its related financial services. As at 31 March 2018, the total assets of the Bank amounted to RM17.1bil.
The immediate and ultimate owners of the Bank are Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Financial Group, Inc. respectively. Both companies are incorporated in Japan.
SOURCE: Sumitomo Mitsui Banking Corporation Malaysia Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Julie Lim
Planning Department
Sumitomo Mitsui Banking Corporation Malaysia Berhad
Tel: +603-2176 1410/+6016-370 5300
Fax: +603-2165 1599
Email: julie_lim@my.smbc.co.jp
--BERNAMA
BRANDSAFWAY™ ANNOUNCES ACQUISITION OF CENTURY ELEVATORS
Enhances motorized access capabilities in industrial and commercial construction markets throughout the Gulf Coast and beyond
Kennesaw, Georgia, USA, Feb 25 (Bernama-GLOBE NEWSWIRE) -- KENNESAW, Georgia; February 25, 2019 РIn a move to expand its motorized capabilities and offer a full suite of access technologies throughout the Gulf Coast, BrandSafway is pleased to announce the acquisition of Century Elevators, effective February 22, 2019. The leading rack and pinion elevator specialist in North America, Century Elevators provides construction and industrial elevators, material hoists, and transport platforms in the Gulf Coast region and beyond. Century Elevators is also the exclusive distributor of PEGA Hoist Ltd. products throughout North America and B̦cker Maschinenwerke GmbH (Boecker) equipment in the United States.
“Century Elevators is a very welcome addition to BrandSafway,” said Dave Witsken, president of Energy and Industrial at BrandSafway. “With the outstanding experience and expertise Century Elevators offers in custom elevator and motorized access solutions — in both industrial and commercial settings — we can deliver a higher level of excellence to our customers. We will also be able to strengthen our position in the Gulf Coast and enhance our range and delivery of access technologies.”
A full-service company, Century Elevators provides rental, sales, design, engineering, installation, operation, remote troubleshooting, maintenance and 24-hour emergency services. Founded in 2009 by a team of industry veterans, Century Elevators is headquartered in Webster, Texas, located within the southeastern Houston metro area, and has diversified experience in industries such as oil and gas, petrochemical, mining, power, commercial construction, infrastructure and transportation.
Moving forward, Century Elevators will operate as Century Elevators by BrandSafway, an independent business under the BrandSafway umbrella. “We look forward to joining the BrandSafway family of companies,” said Jim Jensen, president of Century Elevators. “This is an exciting opportunity for our business, our employees and our customers.”
Paula Manning, a former president of the Scaffold and Access Industry Association and director of business development for Century Elevators, sees this acquisition as advantageous for customers of both BrandSafway and Century Elevators. “Century Elevators brings elevator, hoist and transport platform expertise to BrandSafway customers in key markets,” she explained. “At the same time, with the help of the BrandSafway team, we will be able to provide more services and products to Century Elevators’ existing customers. This is an exciting time for our team, and we are eager to join the industry leader.”
About BrandSafway
With a commitment to safety as its foremost value, BrandSafway provides the broadest range of services, products and solutions, with the greatest depth of expertise, to the industrial, commercial and infrastructure markets. A portfolio company of Clayton, Dubilier & Rice, BrandSafway offers access, industrial services, and forming and shoring solutions to more than 32,000 customers through a workforce of approximately 35,000 employees, who support our network of 330 strategic locations across 30 countries. With its global footprint, rigorous operating processes and extensive service offerings — a full range of work access, insulation, coatings, specialty industrial service, and forming and shoring solutions — BrandSafway supports customers’ maintenance and refurbishment needs as well as new construction and expansion plans. Today’s BrandSafway — large enough to leverage economies of scale to increase safety and productivity, while also remaining nimble and responsive — delivers unmatched service with local labor and management.
Attachments
Kennesaw, Georgia, USA, Feb 25 (Bernama-GLOBE NEWSWIRE) -- KENNESAW, Georgia; February 25, 2019 РIn a move to expand its motorized capabilities and offer a full suite of access technologies throughout the Gulf Coast, BrandSafway is pleased to announce the acquisition of Century Elevators, effective February 22, 2019. The leading rack and pinion elevator specialist in North America, Century Elevators provides construction and industrial elevators, material hoists, and transport platforms in the Gulf Coast region and beyond. Century Elevators is also the exclusive distributor of PEGA Hoist Ltd. products throughout North America and B̦cker Maschinenwerke GmbH (Boecker) equipment in the United States.
“Century Elevators is a very welcome addition to BrandSafway,” said Dave Witsken, president of Energy and Industrial at BrandSafway. “With the outstanding experience and expertise Century Elevators offers in custom elevator and motorized access solutions — in both industrial and commercial settings — we can deliver a higher level of excellence to our customers. We will also be able to strengthen our position in the Gulf Coast and enhance our range and delivery of access technologies.”
A full-service company, Century Elevators provides rental, sales, design, engineering, installation, operation, remote troubleshooting, maintenance and 24-hour emergency services. Founded in 2009 by a team of industry veterans, Century Elevators is headquartered in Webster, Texas, located within the southeastern Houston metro area, and has diversified experience in industries such as oil and gas, petrochemical, mining, power, commercial construction, infrastructure and transportation.
Moving forward, Century Elevators will operate as Century Elevators by BrandSafway, an independent business under the BrandSafway umbrella. “We look forward to joining the BrandSafway family of companies,” said Jim Jensen, president of Century Elevators. “This is an exciting opportunity for our business, our employees and our customers.”
Paula Manning, a former president of the Scaffold and Access Industry Association and director of business development for Century Elevators, sees this acquisition as advantageous for customers of both BrandSafway and Century Elevators. “Century Elevators brings elevator, hoist and transport platform expertise to BrandSafway customers in key markets,” she explained. “At the same time, with the help of the BrandSafway team, we will be able to provide more services and products to Century Elevators’ existing customers. This is an exciting time for our team, and we are eager to join the industry leader.”
About BrandSafway
With a commitment to safety as its foremost value, BrandSafway provides the broadest range of services, products and solutions, with the greatest depth of expertise, to the industrial, commercial and infrastructure markets. A portfolio company of Clayton, Dubilier & Rice, BrandSafway offers access, industrial services, and forming and shoring solutions to more than 32,000 customers through a workforce of approximately 35,000 employees, who support our network of 330 strategic locations across 30 countries. With its global footprint, rigorous operating processes and extensive service offerings — a full range of work access, insulation, coatings, specialty industrial service, and forming and shoring solutions — BrandSafway supports customers’ maintenance and refurbishment needs as well as new construction and expansion plans. Today’s BrandSafway — large enough to leverage economies of scale to increase safety and productivity, while also remaining nimble and responsive — delivers unmatched service with local labor and management.
Attachments
Karla Cuculi
BrandSafway
262-523-6580
KCuculi@BrandSafway.com
Source: BrandSafway
--BERNAMA
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