BIGGEST POST-ROCK MUSIC FESTIVAL COMING TO ASIA NEXT MONTH

KUALA LUMPUR, Oct 30 (Bernama) -- Asia's largest post-rock music festival, the Offside Music Festival, will be held in Anji Zhejiang, on Nov 4 to 5.

A number of well-known post-rock bands, including Wang Wen, Mooncake, and April Rain, are invited to the two-day event.

According to a statement, the music festival is different from the performance lineup of the traditional music festival as it advocates for "backing to the initial music".

The goal of the music festival is to connect everyone with the sensation by music and body instead of words and to get "offside" from the status quo.

To emphasise the theme of this music festival and fuse into “natural whispers" and "instrumental resonance", the organisers deliberately selected Anji city, where is famous for the bamboo forests and white tea, and hope that every aspect of the nature and humanity will be echoed, ultimately creating a utopia, where nature, music and people coexist in harmony.

In addition to the musical performances, the organisers will establish the “Offside Community” with all participants, encompassing four main themes, namely, unity, responsibility, individuality and participation.

Moreover, it covers society, sustainable development, multiple expression, shared space, and other aspects, for building a public platform to stimulate more sensitive perception and fresh imagination of music, art, and life.

-- BERNAMA

IBF NET INDONESIA EXPANDS GLOBAL FOOTPRINT WITH NETVERSITY: A WORLD OF LEARNING OPPORTUNITIES

JAKARTA, Indonesia, Oct 30 (Bernama-GLOBE NEWSWIRE) -- Indonesian learning provider PT IBF Net Indonesia, which established the International Institute of Islamic Business and Finance (IIIBF) with a mission to advance human capacity building within the halal ecosystem through research and technology, is proud to announce the launch of its groundbreaking Netversity (www.netversity.io) project. This strategic initiative marks a significant step towards globalizing its comprehensive portfolio of courses, catering to a diverse and international audience.

From its modest beginnings with a handful of courses focused on Islamic social finance, PT. IBF Net Indonesia is poised to expand its offerings exponentially. Over the next year, the company plans to introduce more than fifty courses designed to benefit its network of over eighty-thousand members worldwide.

Announcing its latest portfolio of courses with the onset of the Indonesian Sharia Economy Festival (ISEF), Dr Mohammed Obaidullah, President Director, IBF Net Indonesia said, “The ISEF is an important occasion for us to plan ahead and share our aspirations as we welcome our well-wishers and guests from different parts of the globe to Indonesia.”

“A halal ecosystem is not just about Islamic finance. Most of the present-day training providers focus on a handful of areas, such as banking, insurance and investments, and more recently on microfinance and fintech in the context of a Shariah-based economy. While our 50-plus course offerings cover additional areas of finance, such as, charity (zakat, sadaqah and awqaf), not-for-profit finance, public finance, finance and economics with a focus on a multitude of sustainable development goals including child protection, women empowerment, climate change and environment, we also offer courses focusing on a wide range of interconnected areas within a halal economy, such as, business psychology, law, accounting, leadership and management, marketing, communication and public relations, labor relations and environment management, all providing for Islamic perspectives as additional learning objectives,” says Dr. Obaidullah. Courses are offered online and also in hybrid mode requiring personal contacts with instructors. IBF Net connects with corporate universities run by Indonesian entities for the latter type of courses. 

http://mrem.bernama.com/viewsm.php?idm=47360

AM BEST AFFIRMS CREDIT RATINGS OF MS FIRST CAPITAL INSURANCE LIMITED

SINGAPORE, Oct 30 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of MS First Capital Insurance Limited (MSFC) (Singapore). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect MSFC’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 (ERM). The ratings also factor in rating enhancement from Mitsui Sumitomo Insurance Company Limited (MSI), for whom the ultimate parent is MS&AD Insurance Group Holdings, Inc. (MS&AD).

MSFC’s balance sheet strength assessment is underpinned by risk-adjusted capitalisation that is expected to remain at the strongest level over the medium term, as measured by Best’s Capital Adequacy Ratio (BCAR). Capital adequacy remains supportive of the company’s planned business growth and is sustained by consistent internal capital generation. AM Best views MSFC’s investment portfolio as conservative: it comprises mainly cash, term deposits and high-quality bonds. An offsetting balance sheet strength factor is the company’s high reliance on reinsurance to support the underwriting of large limit risks and manage accumulation of catastrophe exposure. Nonetheless, reinsurance counterparty credit risk is partially mitigated by the good credit quality of the company’s reinsurance panel and its long-standing relationship with the reinsurers.

AM Best views MSFC’s operating performance as strong, evidenced by a five-year average combined ratio of 55.6% and a return-on-equity ratio of 10.6% (2018-2022). MSFC has consistently generated robust underwriting results, as supported by its strong underwriting discipline and in-depth expertise in core lines of business and markets. The company’s net underwriting margins have consistently benefitted from low management expenses and high reinsurance commission income relative to net earned premium. Investment results, arising mainly from interest income, continue to contribute positively to the overall earnings of the company. Prospectively, AM Best expects MSFC to continue delivering a strong operating performance, supported by favourable underwriting and investment results.

MSFC’s business profile is assessed as neutral. The company is a leading non-life insurer in Singapore, supported by its strong brand and technical expertise. MSFC’s underwriting portfolio is well-diversified by geography, with the company also underwriting a large volume of overseas business from a number of markets in Asia. MSFC maintains long-standing relationships with brokers and reinsurers, which has supported its access to quality business in targeted markets. Additionally, MSFC continues to receive a level of business referrals from MSI group’s affiliates.

AM Best views the company’s ERM as appropriate, which is supported by its developed risk management framework and strong risk management capability. MSFC continues to benefit from a level of risk management oversight, integration and support from its parent group.

Rating enhancement has been applied to MSFC’s ratings in recognition of its ownership, integration and the support received from MSI, a member of the MS&AD group. MSFC benefits from common branding with the MS&AD group and continues to receive implicit parental support in terms of corporate governance, business synergies and technological developments.

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 © 2023 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

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

Michael Dunckley, CFA
Associate Director
+44 20 7397 0312
michael.dunckley@ambest.com

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

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

Source : AM Best

KFSH&RC TO SHOWCASE CUTTING-EDGE APPROACH FOR ENHANCING OVERALL PATIENT EXPERIENCE

KUALA LUMPUR, Oct 27 (Bernama) -- The King Faisal Specialist Hospital and Research Centre (KFSH&RC) will be presenting its advanced approach to elevating the patient treatment journey, at the 2023 Global Health Exhibition from Oct 29 to 31, in Riyadh, Saudi Arabia.

By harnessing state-of-the-art digital healthcare solutions, the hospital has showcased the role of such tools in enhancing healthcare outcomes and operational efficiency across diverse medical domains, according to a statement.

KFSH&RC has achieved substantial advancements in streamlining the patient admission process through the 'Ehalat' service, whereby this automated platform simplifies medical referrals and fosters collaboration with both public and private healthcare entities.

Additionally, it empowers users to submit medical reports, compile personal data, and access their medical history, all within a unified service, eliminating the necessity for in-person visits to the hospital, which not only simplifies the evaluation of a patient's condition and treatment eligibility but also provides real-time tracking and updates on applications.

Patients can now track their treatment progress remotely through "Altakhassusi" mobile application, providing them with secure access to their medical records, in which patients is able to view radiology and medical lab test results, easily schedule appointments, attend virtual follow-up sessions with their physicians, and even assess the effectiveness of their treatment.

Moreover, the app enhances the process of prescription refills, medical supplies, and nutritional needs, making communication with the medical team and the hospital effortless.

The hospital is dedicated to providing a high-quality treatment experience with automation at every stage. This approach saves time and effort for patients, and it improves medical decision-making through cutting-edge methods and care models that leverage the rapid advancements in digital health innovations.

These capabilities enable seamless integration of various medical technologies, consolidating clinical results, documents, and medical data, ensuring a smooth flow of information, boosting care efficiency, and customising it to meet each patient's unique needs.

The Global Health Exhibition, featuring the participation of 250 exhibitors from 15 countries, stands as the premier healthcare gathering in the Middle East, serves as a platform for collaboration among Saudi and global healthcare communities, including regional and international manufacturers and suppliers.

This year's summit, operating under the theme 'Investing in Health,' promises to be a pivotal event shaping the future of healthcare.

-- BERNAMA

EXP REALTY'S THRIVE PROGRAMME ATTRACTS CULTURALLY ALIGNED TEAMS

KUALA LUMPUR, Oct 27 (Bernama) -- eXp Realty, an independent real estate company and the core subsidiary of eXp World Holdings Inc has launched its new Thrive programme, designed to incentivise culturally aligned, producing teams to join the eXp Realty family.

In a statement, eXp Realty said once onboarded, the team lead will receive an equity award based on their previous 12-month production, subject to future vesting.

“Earlier this year, we introduced two incentive programmes, Boost and Accelerate, aimed at helping independent brokerages and individual agents transition to eXp Realty. Now with the addition of Thrive, we are offering teams an accelerated equity opportunity.

“We understand that each team has its own unique culture and way of doing business, and we want to provide a platform for them to thrive in our agent-centric environment,” said eXp Realty Chief Growth Officer, Michael Valdes.

The company will provide this equity incentive to team leads of culturally aligned teams with more than 10 agents in addition to the team lead and a minimum of $40 million (United States (US)/Canada dollar) in sales volume in the originating country over the previous 12-month fiscal period. (US$1=RM4.77 / CAD1=RM3.45)

A core criteria of this programme is for team leads to commit to team training and ensuring their team members integrate with the eXp Realty ecosystem as part of their cultural alignment with eXp.

The Thrive incentive programme is rolling out in the US and Canada immediately and will soon be available in eXp’s additional 22 global markets, subject to applicable law.

-- BERNAMA

Cellebrite Furthers Global Commitment and Partnerships with Global Law Enforcement Community at International Association of Chiefs of Police Conference

TYSONS CORNER, Va. and PETAH TIKVA, Israel and SAN DIEGO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ: CLBT), a global leader in Digital Intelligence (“DI”) solutions for the public and private sectors, wrapped up a four-day presence at the 2023 International Association of Chiefs of Police (IACP) Annual Conference and Exposition. More than 16,000 police chiefs and other senior law enforcement professionals attended the single largest and most impactful law enforcement event of the year.

“IACP is a landmark event in the law enforcement community, and we are pleased to take this opportunity to reinforce our strong ties and relationships with law enforcement professionals,” said Yossi Carmil, Cellebrite CEO. “These officials understand perhaps better than most, how our shared mission for justice never sleeps, and I am incredibly grateful for their passion, drive and dedication. I am equally grateful for my team for their unrelenting efforts in support of our business and customers around the world.”

Highlights of Cellebrite’s event presence include:

• Center-floor exhibition booth space with demonstrations and presentations of the full suite of Cellebrite end-to-end solutions for the public sector including Pathfinder and Guardian;
• Cellebrite’s CEO and President of North America convened with DEA senior leadership, 132 senior law enforcement and chief leaders to discuss streamlining and modernizing the handling of digital data from time of extraction to prosecution;
• Multiple meetings with key officials representing many of the largest cities across America with 60 product demonstrations and more than 500 times as many booth visits when compared to 2022;
• An interactive “Solve Suite” where law enforcement gained hands-on experience using Cellebrite’s powerful digital intelligence solutions, including demoing its newest innovation, Smart Search, which led a police chief to expedite a request for Cellebrite solutions that was sitting on his desk;
• Panel moderation by Jared Barnhart, Digital Intelligence Specialist at Cellebrite, with key partners in the fight against human trafficking, including the National Center for Missing and Exploited Children (NCMEC), the Exodus Road and Raven – this powerful panel was one of the top-attended programs at the event;
• Presentation of “Unraveling Crime Mysteries” with Jared Barnhart, Digital Intelligence Specialist at Cellebrite, who shared his law enforcement expertise while discussing real-world examples of how digital intelligence solutions can enhance investigations to solve cases faster, smarter and more defensibly to accelerate justice;
• Connect Lounge Sponsorship, a popular meeting spot for law enforcement professionals to network with one another
  

The panel discussion on child trafficking was a remarkable convergence of global leaders committed to safeguarding children worldwide. They united to synergize their collective expertise for an accelerated mission. It called upon all law enforcement agencies and technology vendors to integrate cutting-edge solutions and increase the number of rescued children. The “Unraveling Crime Mysteries” presentation illuminated cases solved through technology, emphasizing the need for agencies to adopt smarter, tech-driven approaches. In its entirety, these platforms at IACP emphasized Cellebrite's unwavering commitment to collaborate with philanthropic and agency partners, aiming to make the modernization of investigations a reality, simplifying and expediting critical cases.

“I am so proud to be part of the Cellebrite team and to witness the partnership we have with the brave individuals in law enforcement both stateside and around the world,” Marque Teegardin, President, Cellebrite Americas. “Our agile, global team is steadfast in our support for one another, and we remain committed to ensuring our customers and partners are always equipped, ready and Cellebrite-powered.”

Media Contact:
Victor Cooper
Sr. Director of Corporate Communications + Content Operations
Victor.cooper@cellebrite.com
+1 404.804.5910

Investor Relations Contact:
Andrew Kramer
Vice President, Investor Relations
investors@cellebrite.com
+1 973.206.7760

About Cellebrite
Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more, visit us at www.cellebrite.com and https://investors.cellebrite.com.

NEW GLOBAL EVENT ADDRESSES SUSTAINABLE CONSTRUCTION ISSUES

KUALA LUMPUR, Oct 26 (Bernama) -- Showcasing the most groundbreaking projects to promote innovative and sustainable construction, Tomorrow.Building World Congress (TBWC) organised by Fira de Barcelona is expected to gather some 50 companies from Nov 7 to 9.

According to a statement, the event will be featuring leading companies in the transformation of the sector, as well as startups with innovative initiatives, with a disruptive spirit and firm commitment to sustainability willing to transform the construction sector.

In addition, TBWC also intends to promote debate on the future of the sector with a hundred experts who will address its challenges in decarbonisation, digitalisation and sustainable urban development.

These include major international companies such as Samsung C&T Corporation and Siemens, leaders in the development of smart cities; Samoo Architects & Engineers, a Korean architecture firm with sustainable and efficient designs worldwide, as well as CBRE, Drees&Sommer, Johnson Controls, Roshn Group and SPIE.

The event also aims to promote knowledge and debate in the industry on issues such as design technology, green districts, decarbonisation and PropTech, as well as matters regarding access to affordable and sustainable housing, urban readiness to welcome refugees and the acceleration of the energy transition.

The congress programme will feature a hundred experts including, among others, Airbnb Co-founder and Director of Strategy, Nate Blecharczyk; Lebanese architect and specialist in Artificial Intelligence, Chantal Matar; and Siemens Director of Technology, Peter Körte.

In addition, FC Barcelona will present the latest details of the construction project of the new Spotify Camp Nou and its initiative for the renovation of its urban environment, Espai Barça.

Tomorrow.Building is held alongside Smart City Expo World Congress, Tomorrow.Mobility, Tomorrow.Blue Economy and PUZZLE X. Together the events will gather more than 25,000 attendees, 1,000 exhibitors, and representatives from more than 800 cities and 140 countries.

-- BERNAMA

TOSHIBA UNVEILS 600V SMALL INTELLIGENT POWER DEVICES

KUALA LUMPUR, Oct 26 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched two products of 600 volt (V) small intelligent power device (IPD) for brushless DC motor drive applications such as air conditioners, air cleaners, and pumps.

Toshiba in a statement said the volume shipments of “TPD4163K” and “TPD4164K” which have output current (DC) ratings of 1A and 2A, respectively, have started.

Both new products are housed in a through hole type HDIP30 package, which reduces the mounting area by approximately 21 per cent against Toshiba’s previous products, helps reduce the size of motor drive circuit boards.

As power supply voltage may fluctuate significantly in regions with unstable power supply, the voltage has been increased from the 500V of Toshiba’s previous products to 600V, which improves reliability.

A “Reference Design for Sensorless Brushless DC Motor Drive Circuit” that utilises the functions of the new TPD4164K with a TMPM374FWUG microcontroller with vector control engine is available on the company’s website.

Toshiba will continue to expand its product line-up with improved characteristics, to improve design flexibility, and to contribute to carbon neutrality through energy-saving motor control.

-- BERNAMA

Chiba Prefectural Museum Of Art To Hold Theo Jansen Exhibition

KUALA LUMPUR, Oct 23 (Bernama) -- The Chiba Prefectural Museum of Art will hold an exhibition of Theo Jansen, a world-renowned Dutch artist, from Oct 27 to Jan 21, next year, as a cultural exchange project with the Netherlands.

The exhibition is in conjunction with this year marking the 150th anniversary of the establishment of Chiba Prefecture, according to a statement.

Chiba Prefecture has a long history of exchanges with the Netherlands as Dutch studies used to be encouraged in a region within the prefecture.

Meanwhile, Jansen who was born in 1948 is called the "Leonardo da Vinci of modern times" as an artist, inventor and a scientist.

His major work is the so-called "strandbeest" (Dutch for 'beach lifeforms'), made by piecing together off-the-shelf materials such as plastic tubes and adhesive tapes based on physics calculation. Strandbeest feeds on wind to come to life and walk on sandy beaches.

This exhibition will showcase more than 10 works, including an enormous strandbeest measuring over 10 metres in length, together with Jansen's hand-drawn sketches, and tools used in their production, among other items.

A daily event where the strandbeest walks in the museum will also be held, while on Dec 3, there will be an event in which the public can participate in walking the strandbeest on the beach, first-ever such programme in Japan.

Hence, visitors will have the opportunity to watch before their very eyes the gigantic art piece moving as if it was a living creature against the backdrop of the ocean.

-- BERNAMA

IRDETO, ANYPOINT MEDIA PARTNER TO PROVIDE END-TO-END ADVERTISING PLATFORM

 

KUALA LUMPUR, Oct 24 (Bernama) -- Irdeto, the digital platform cybersecurity leader, has partnered Anypoint Media, the ad-tech company provider of FLOWER, a linear advertising platform for television (TV) & over-the-top (OTT) service providers worldwide.

In a statement, Irdeto said it has integrated Anypoint Media’s Flower Ad Server into its Server Side Ad Insertion (SSAI) product and onto its Android TV Hybrid Box offering.

Irdeto Chief Operating Officer of Video Entertainment, Andrew Bunten said the partnership with Anypoint Media will complement the company’s advertising offering and open the door for increased capitalisation on the growing broadcast and online advertising market in the  Asia Pacific region.

Meanwhile, Anypoint Media Chief Executive Officer, Won Baek said: “We are pleased to be partnering with Irdeto, to enable an end-to-end advertising solution that will work on OTT and hybrid set-top boxes alike, enabling publishers’ opportunity to generate increased advertising revenue lift on both their live and VOD content, using either CSAI or SSAI.”

Anypoint Media offers best-in-class addressable TV and OTT advertising solutions, with a proven track record of over seven years in commercial services for major Tier-1 accounts, such as SKB, LGU+ and Telkom Indonesia.

Dynamic Ad Insertion is an important part of publishers’ ad sales strategy and with Irdeto SSAI for OTT streams and Anypoint Media’s CSAI for Hybrid Set Top Boxes, a high quality, seamless experience is possible by making ad breaks addressable to give the user a more personalised advertising experience during live events on linear channels.

The new solution will enable customers to personalise advertisements based on individuals’ profiles, while also minimise the impact of ad blocking, and eliminate timeout and black screen during ad playback caused by device fragmentation.

By stitching the ads directly into the video content, providers can transition from content, to ad, and back to content, providing the same seamless user experience as live broadcast TV.

Each ad break is tailored to the audience, based on their viewing history, device, demographics and geographical location. Once the ad server has selected the ads, Irdeto SSAI stitches the ad into the content stream before reaching the viewer’s playback device.

-- BERNAMA

Negative Outlook On Taiwan’s Non-life Insurance Segment - AM Best

KUALA LUMPUR, Oct 20 (Bernama) -- AM Best has maintained a negative outlook on Taiwan’s non-life insurance segment, citing increased reinsurance costs and a decline in the investment asset base, as some assets were liquidated to pay pandemic-related claims, according to its new report.

In the Best’s Market Segment Report, “Market Segment Outlook: Taiwan Non-Life Insurance”, the global rating agency states that the non-life segment suffered a huge net loss of NT$173 billion (US$5.4 billion) in 2022 due to the pandemic, which outstripped the cumulative earnings of the last decade. (US$1=RM4.77)

In addition, insurers needed to sell off investments to pay pandemic-related claims, and saw total investments shrink nearly 20 per cent in 2022, while some non-life insurers continued to see unfavourable claims development and reported net losses in the first quarter of this year, but the majority had returned to operating profitability as of second-quarter.

AM Best financial analyst, Madison Fan said weaker capitalisation will become the new normal following the Taiwanese non-life segment’s huge pandemic insurance losses.

“The industry’s average capitalisation has rebounded strongly thus far in 2023 but remains materially below pre-pandemic levels,” said Fan in a statement.

Insurers also have adopted more conservative investment strategies and de-risked their portfolios. The local stock market has recovered through the first nine months of 2023; however, non-life insurers continue to grapple with the low interest rate environment and volatility in operating results through capital gains and losses.

AM Best expects full-year 2023 operating performance to be bolstered by the recovery in the capital markets and reserve releases, given that pandemic policies have all matured, and ultimate claims should be close to fully developed.

However, one counterbalancing factor to the favourable operating performance is heightened reinsurance costs due to the current hardening cycle in the global reinsurance market.

-- BERNAMA

SIMPRO ACCELERATES DIGITAL TRANSFORMATION FOR THE FIELD SERVICES INDUSTRY AT THE FIRST ANNUAL SIMPROSIUM

New security enhancements, payments integrations and customer experience improvements introduced at customer-focused roadshow


BROOMFIELD, Colo., Oct 18 (Bernama-BUSINESS WIRE) -- Simpro, the leading total business management software for commercial and residential trade service businesses, hosted its first user conference, Simprosium, across four cities in Australia and New Zealand. The roadshow, titled "Turn Chaos into Clarity," attracted a diverse audience of more than 700 Simpro customers, industry experts and ecosystem partners eager to learn about the latest platform features and celebrate the company's momentum.

The overall theme of Simprosium centered around supporting customers as they navigate the adoption of new technology innovations shaping the future of the trades industry while providing an open forum as Simpro continues to build a community. New Simpro product features were announced including security enhancements to improve customer experience, integration of Stripe payment processing software and new business intelligence (BI) reporting features and dashboards, highlighting the ability to subscribe to and automate BI reports and, for Xero customers, to reconcile sales invoices. Also, the incorporation of ClockShark time tracking capabilities to the platform and new digital form enhancements were announced. The adoption of these new Simpro product features is vital to helping trade service businesses reduce time spent on admin tasks, meet the needs of their digital-savvy customers and grow exponentially.

"Simpro transformed our approach from mere estimation on spreadsheets to a comprehensive solution integrating sales, operations and more," said Porty Ushan, director at Aloka Technology. "Simpro's powerful API capabilities allowed us to seamlessly connect various systems, ensuring a holistic view without technological hindrance. Simpro is more than an operations manager; it became the connective tissue that unified our processes, empowering our business to thrive."

Attendees of the inaugural roadshow heard from Simpro’s leadership, partners and customers on topics around inflation, staff retention and how leveraging data to drive company insights can support company innovation. Simprosium attendees heard from Simpro leaders including CEO, Gary Specter; Jason Penkethman, Chief Product Officer; Stephanie Wilkinson, CRO; and Wayne Barelds, VP of Product with customer spokespeople from Modus Operandi, Aloka Technology and Mouldmen. Customer discussions centered around adaptability, highlighting how business leaders respond to change and how Simpro facilitates and drives these transformations. The conversation also focused on BI reporting and underscored the significance of BI tools in steering growth and investments within this industry, providing insights into time and financial resource allocation and meeting a critical need expressed by Simpro customers.

"The Simprosium roadshow was all about meeting our customers and understanding what is top of mind for them,” said Gary Specter, CEO of Simpro. “It was important to me that we did not just talk at them, but talk with them to truly hear them so that together we can collaborate and create a community where we can invest in each other and be successful. It was an invigorating and humbling experience to be met with such honesty, enthusiasm and excitement around the community we will be building together."

With the success of this inaugural event, Simpro plans to activate these conferences in its growing US and UK markets in 2024. This move is a testament to Simpro's dedication to fostering a thriving community with its customers. Continuing to build a collaborative ecosystem where customers partner with Simpro to lead the way in innovation in the global trade service sector.

About Simpro
Simpro is the total business management software for commercial trade service businesses. From job quoting and scheduling to inventory tracking, invoicing and everything in between, Simpro’s smart technology solutions and expert long-term support help businesses build, repair and power their future with complete control over operations. Founded in 2002 by an electrical contractor and headquartered in Brisbane, Australia, Simpro supports more than 8,000 businesses and 200,000 users worldwide in the electrical, plumbing, HVAC, security and fire protection industries with 700+ employees in six global offices. To learn more about Simpro, visit our website.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20231017274163/en/

Contact

Media:
Trish King
VP Revenue Marketing
trish.king@simpro.us

Source : Simpro

Japan's Life Insurance Market Outlook Remains Stable - AM Best

KUALA LUMPUR, Oct 17 (Bernama) -- Global credit rating agency, AM Best has maintained its stable outlook on Japan’s life insurance market segment, citing in part the prospects for higher premium income based on rising interest rates, according to its new report.

In a new Best’s Market Segment Report, titled “Market Segment Outlook: Japan Life Insurance,” AM Best notes an increase in sales for foreign currency-denominated savings products amid the rise in foreign interest rates, which should bolster premium income for Japan’s life insurers.

Additional factors include potentially higher domestic interest rates and expected improvement in core profits due to the decline in COVID-related benefit payments, according to AM Best in a statement.

Japan’s life insurers have posted positive top-line growth in recent years; however, their core profits were adversely affected by pandemic-related losses and higher foreign-currency hedging costs in fiscal year 2022, which ended March 31, 2023.

In view of Japan’s current operating environment and the significant drop in COVID-related claims, AM Best expects that the Japanese life insurers’ premium income will be stable for the remainder of the current fiscal year (ending March 31, 2024).

The report also notes that, despite several long-term challenges, life insurers’ operating performance will benefit from the improvement in core profits and a rise in investment income due to potentially higher domestic interest rates over the near term.

Japan’s life industry posted an increase of nearly 16 per cent in premium income, to 34.5 trillion Japanese yen (US$232.4 billion) in fiscal year (FY) 2022. The double-digit growth was also due to a low base effect from depressed new business premiums in FY2021 due to the pandemic. (US$1=RM4.72)

The rating agency expects the United States interest rates to remain at the current elevated level but Japan’s interest rates to remain at a significantly lower level.

However, the report notes that the rise in sales of foreign currency-denominated products owing to foreign interest rate movements is usually temporary in nature and cannot be sustained over the medium term.

-- BERNAMA

NX SINGAPORE MARKS 50TH ANNIVERSARY SINCE INCEPTION

KUALA LUMPUR, Oct 17 (Bernama) -- Nippon Express (Singapore) Pte Ltd (NX Singapore) a group company of Nippon Express Holdings Inc (NXHD), celebrated its 50th anniversary to commemorate the company’s founding, on Sept 22 at Singapore.

NX Singapore President, Hiroyuki Yamazaki expressed his gratitude to the company's customers, business partners, and employees for their support heretofore, and gave a presentation on its vision and initiatives for the future.

Meanwhile, Ambassador Extraordinary and Plenipotentiary of Japan to Singapore, Hiroshi Ishikawa delivered a congratulatory address on behalf of the guests of honour, according to a statement.

The ceremony was attended by about 450 people, including guests from the Embassy of Japan in Singapore, the Singapore Economic Development Board, the Japanese Chamber of Commerce & Industry Singapore, and other relevant organisations as well as NXHD President, Mitsuru Saito from the NX Group.

As a global logistics company, NX Singapore will continue contributing to society through logistics to support the development of its customers and Singapore.

-- BERNAMA

LIVERAMP-YAHOO PARTNERSHIP SCALES ADDRESSABILITY ACROSS AD ECOSYSTEM

KUALA LUMPUR, Oct 17 (Bernama) -- LiveRamp, the data collaboration platform, and Yahoo announced an expanded partnership to scale addressability, and enhance reach and interoperability within the advertising ecosystem.

With this partnership, publishers using LiveRamp’s Authenticated Traffic Solution (ATS) will now be able to take advantage of cookieless identity solution, Yahoo ConnectID, and unlock additional addressable demand.

Furthermore, brands that leverage the Yahoo Demand Side Platforms (DSP) can achieve greater reach through Yahoo ConnectID, which benefits from RampID and the expanded scale of LiveRamp’s Authenticated Traffic Solution.

LiveRamp Senior Vice President, Activations and Addressability, Travis Clinger said Yahoo is a powerful advocate for authenticated identity, and the connectivity enable across its DSP and Yahoo ConnectID will help make the post-signal world a better experience for marketers than the world of today.

“Marketers and publishers now have even more flexibility to engage, personalise, and measure their customer journey,” he said in a statement.

Publishers and marketers can benefit from this partnership without any additional configuration or resources for authenticated audiences at scale, delivering customised experiences everywhere it matters.

Publishers who have adopted LiveRamp’s Authenticated Traffic Solution will be able to integrate with Yahoo ConnectID with minimal effort and better monetise their addressable supply. Hence, they should expect an increased monetisation on their authenticated inventory via Authenticated Traffic Solution as Yahoo ConnectID will now be available as an identifier.

Meanwhile, marketers looking for post-signal loss solutions will have increased reach of authenticated users across publishers that have adopted RampID and/or Yahoo ConnectID via the Yahoo DSP.

More than 450 brands already work with LiveRamp to use their first-party data to personalise consumer experiences.

-- BERNAMA

Jumio Expands AI-Powered Digital Trust Solutions Via NextWealth Partnership

KUALA LUMPUR, Oct 10 (Bernama) -- Jumio, an automated, end-to-end identity verification, risk assessment and compliance solutions provider, has expanded its strategic partnership with NextWealth, a pure play data services provider.

With this enhanced partnership, NextWealth will provide ongoing identity verification services for Jumio, allowing the company to continue expanding upon its innovation, while for its customers, this partnership provides global support and scale with the same service levels.

According to a statement, Jumio’s market-leading, artificial intelligence (AI)-powered solutions have reached record-breaking high automation and quality rates.

“Jumio’s mission to make the internet a safer place relies on the ongoing development of innovative fraud prevention solutions to thwart cybercriminals and their increasingly sophisticated tactics.

“Now more than ever, when our automation and quality rates have reached record levels, partnering with NextWealth enables us to focus on our core business and technology objectives and support our customers wherever they do business across the globe,” said Jumio Chief Technology Officer, Stuart Wells.

Meanwhile, NextWealth Chief Executive Officer, Mythily Ramesh said the partnership between NextWealth and Jumio will further cement its position as one of the largest pure play, AI/machine learning (ML)-driven data services players in the country.

“NextWealth’s portfolio of digital solutions and service offerings will provide Jumio international level quality, with the flexibility to manage business fluctuations in a secure business ecosystem,” added Ramesh.

NextWealth will take a lead role in providing back-office operations for Jumio and ensure seamless continuity of business.

In addition, their proven track record of hiring, developing and retaining top talent at scale, and executing with world-class quality, will allow Jumio to scale its operations securely.

-- BERNAMA

ARES MANAGEMENT KICKS OFF DIRECT LENDING FUND FOR INDIVIDUALS IN EUROPE, ASIA

KUALA LUMPUR, Oct 12 (Bernama) -- Ares Management Corporation (Ares), a global alternative investment manager, has launched Ares European Strategic Income Fund (AESIF), a new open-ended direct lending fund that will provide individual investors in Europe and Asia with access to Ares’ European direct lending strategy.

According to Ares in a statement, AESIF will be the latest addition to the Ares Wealth Management Solutions (AWMS) platform and will be its first offering in the Europe and Asia regions.

“The expansion of our wealth product offering reflects Ares’ ongoing commitment to delivering enhanced investment solutions and client services to our rapidly growing base of global individual investors.

“With products spanning the real estate, private credit and private equity secondaries asset classes, we look forward to continuing to develop new offerings and remain committed to bringing Ares’ institutional quality private investment solutions to the wealth channel globally,” said its Partner and Global Head of Wealth Management, Raj Dhanda.

Leveraging the strength and scale of Ares’ leading global private credit platform and its extensive experience in Europe, AESIF has been designed to deliver a highly diversified portfolio comprised predominantly of directly originated, senior secured floating rate loans to performing businesses in Western Europe.

AESIF is intended to offer investors a core income-solution with meaningful downside protection and stable yields in a format that features lower investment minimums relative to traditional alternative investment products.

Ares launched its European direct lending strategy in 2007 gaining a first mover advantage in a nascent market. Since the launch of AWMS in 2021, Ares has remained focused on scaling its wealth platform to deliver private market access and education to financial advisors and their clients.

With a growing team of over 130 professionals located in offices throughout the United States, Europe and Asia, AWMS represents one of the most resourced wealth distribution and client service platforms in the alternatives industry.

-- BERNAMA

KROLL HIRED TO SAFEGUARD CHARGED ASSETS OF GREAT LEARNING, BPL

KUALA LUMPUR, Oct 11 (Bernama) -- Kroll Pte Limited (Kroll) announced that Cosimo Borrelli and Jason Aleksander Kardachi were appointed to safeguard the charged assets of Great Learning Education Pte Ltd (Great Learning) and Byju’s Pte Ltd (BPL).

In a statement, Kroll said the appointment was made on behalf of secured creditors of BYJU’s Alpha Inc, as part of the secured lenders’ exercise of their security rights following defaults by BYJU’s Alpha Inc.

A primary focus of the appointment is to protect and preserve the assets and businesses owned by Great Learning including its subsidiary, Northwest Education Pte Ltd (Northwest Education) and BPL.

The operations of Great Learning and Northwest Education are not impacted by the appointment and all courses and programmes offered by these businesses continue as usual.

Great Learning Founder and Chief Executive Officer, Mohan Lakhamraju continued his leadership of the Great Learning business and management team.

“I am happy to see the Kroll team's commitment towards Great Learning's high quality education and continued growth and look forward to collaborating with them towards the realisation of our mission of enabling career success through transformative learning,” said Lakhamraju.

Kroll is working closely with the management of Great Learning and Northwest Education to ensure the continued delivery of high-quality learning experiences and is committed to the smooth operations and continued growth of their business.

Kroll is the world’s premier provider of services and digital products related to valuation, governance, risk and transparency.

-- BERNAMA

AM BEST BRIEFING AT SINGAPORE CONFERENCE TO PROVIDE INSIGHTS ON REINSURANCE MARKETS

KUALA LUMPUR, Oct 10 (Bernama) -- AM Best’s Insurance Market Briefing at the Singapore International Reinsurance Conference (SIRC) to be held on Oct 31 will explore the state of the global and Asia Pacific reinsurance markets as part of the 19th annual SIRC event.

SIRC, organised by the Singapore Reinsurers’ Association, is one of the leading annual global reinsurance industry events.

According to a statement, themed “(Re)Insurance Reset”, this year’s event runs from Oct 30 to Nov 2.

Meanwhile, the market briefing will take place in the Heliconia Ballroom at the Marina Bay Sands Expo and Convention Centre, the same location as the overall conference.

During the briefing, senior analytical leaders from AM Best’s international offices will provide (re)insurance market insight, with discussion topics including a global market update of reinsurance developments and reviews of Northeast and Southeast Asia reinsurance markets.

In addition, National Scale Ratings, which AM Best recently introduced to Egypt, India, Indonesia, the Philippines and Vietnam, will be discussed.

The National Scale Rating is a relative measure of the financial strength of insurers and reinsurers that are domiciled in the same country, and over time allow for greater differentiation among them.

The panel will be chaired by AM Best’s Singapore operations chief executive officer, Rob Curtis and other panellists for the market briefing include directors from the global credit rating agency.

AM Best is a contributing broadcast partner to the event, and AM BestTV will provide coverage of the conference.

-- BERNAMA

AM BEST RESPONDS FAQ ON NATIONAL SCALE RATINGS

KUALA LUMPUR, Oct 10 (Bernama) -- A new Best’s Commentary has addressed frequently asked questions (FAQ) about Best’s National Scale Ratings (NSR) and how they compare with global Best’s Credit Ratings.

Global credit rating agency, AM Best in a statement said an NSR is a relative measure of the financial strength of insurers and reinsurers that are domiciled in the same country.

The NSR focuses on local insurance market characteristics and allows for a more appropriate comparison among domestic market participants, which over time should allow for greater differentiation among them.

AM Best currently assigns NSRs in Egypt, India, Indonesia, Mexico, the Philippines and Vietnam.

The commentary also addressed other issues such as when an NSR can be assigned; how NSRs are mapped from Best’s Issuer Credit Ratings; and whether country risk can influence an NSR.

Headquartered in the United States, AM Best does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.

-- BERNAMA

VINCSS NAMED BEST IN CLASS APAC PASSWORDLESS AUTHENTICATION BY FROST & SULLIVAN

KUALA LUMPUR, Oct 9 (Bernama) -- VinCSS, ​​a subsidiary of Vingroup has been awarded the 2023 Asia Pacific (APAC) New Product Innovation Award by Frost & Sullivan, following a research of the passwordless authentication landscape.

Based in Ho Chi Minh City, Vietnam, VinCSS stands out as a pioneer in leveraging FIDO2 standards for passwordless authentication, focuses on providing cybersecurity solutions for information technology (IT), Internet of Things (IoT), and Automotive.

“We are continuously evolving, and this accolade is a testament to our dedication. We remain, as always, the industry's trusted partner,” said VinCSS Chief Executive Officer and Founder, Simon Trac Do in a statement.

Meanwhile, Frost & Sullivan global cybersecurity industry principal, Anh Tien Vu said VinCSS sets itself apart from many competitors with a unique and innovative approach enabling customers to deploy its products across different environments while competitors only focus on addressing identity security challenges for the workforce.

Specialising in IT security, identity and access management, IoT security, automotive cybersecurity, VinCSS is consistently breaking new ground and has evolved from a startup to a leader in innovative product development and diversification within the cybersecurity industry.

VinCSS offers comprehensive passwordless authentication solutions via its FIDO2 Ecosystem, strengthening cybersecurity and bringing a significant upgrade in authentication, helping businesses follow authentication rules while making their operations more efficient.

With full control over its product lineup, VinCSS offers competitive pricing in which this strategy solidifies its leading role in the passwordless authentication market.

Beyond being a respected name in cybersecurity, VinCSS is emerging as a prime investment opportunity. As it approaches its financial break-even point and launches its Series B funding round, the company presents significant growth prospects.

-- BERNAMA

AM BEST COMMENTS ON CREDIT RATINGS OF UNION MEDICAL BENEFITS SOCIETY LIMITED

SINGAPORE, Oct 6 (Bernama-BUSINESS WIRE) -- AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Union Medical Benefits Society Limited (UniMed) (New Zealand), which were affirmed on 29 September 2023, remain unchanged following the recently announced Letter of Intent to transfer the insurance portfolio of Accuro Health Insurance Society Limited (Accuro) to UniMed. The outlook of these Credit Ratings (ratings) is stable.

Accuro, like UniMed, is a mutual company writing medical insurance in New Zealand. The proposal to undertake the portfolio transfer remains subject to a vote by Accuro members and regulatory approval by the Reserve Bank of New Zealand. Subject to receiving these confirmations, the transaction is expected to be completed during the second quarter of 2024 (the fourth quarter of UniMed’s 2024 fiscal year ending 30 June). Following the portfolio transfer, all Accuro members would become members of UniMed, with their existing cover and benefits remaining in place.

As the transaction progresses, AM Best will monitor the impact on UniMed’s operations and rating fundamentals. 

http://mrem.bernama.com/viewsm.php?idm=47188

AJC RELEASES 50TH YEAR OF ASEAN-JAPAN FRIENDSHIP AND COOPERATION COMMEMORATIVE VIDEO

KUALA LUMPUR, Oct 6 (Bernama) -- The ASEAN-Japan Centre (AJC) has launched the commemorative video for the 50th Year of ASEAN-Japan Friendship and Cooperation titled “Open the Golden Future”.

The video was produced by the AJC in collaboration with the winners of the Golden Bridge Short Video Campaign, which the AJC hosted on Instagram from March to June this year.

In the campaign, participants came together to build bridges of understanding and friendship between ASEAN and Japan by showcasing the beauty and heart-to-heart connections in the region in a 15-30 second video format.

According to a statement, around 300 submissions were received from all ASEAN Member States and Japan, and 29 videos were selected as the winners and featured in the commemorative video.

Prior to the launch of the commemorative video, the online award ceremony for the Golden Bridge Short Video Campaign was held on Oct 5.

The winners of the campaign were invited, as well as the panel of judges of the campaign, Ambassador of Japan to ASEAN, Masahiko Kiya; Ambassador of Brunei Darussalam to Japan, Shahbudin Musa; Campaign Ambassadors from all AMS based in Japan; and the creative agency amana inc who planned and produced this campaign with the AJC.

In his congratulatory message, Kiya celebrated the successful completion of the campaign saying that it was “a collaborative exchange among ASEAN countries” and said that he looks forward to working with the participants for the next 50 years and beyond.

Meanwhile, during the ceremony, the grand prize winner, Francine Besorio shared her personal story behind her video “ASEAN-Japan: my answer to Senbazuru”, and how Japan was her “solace” and “source of happiness” in her youth especially with the anime and food.

-- BERNAMA

Digital Identity Verification Checks Exceeds 70 Bln In 2024 - Juniper Research

KUALA LUMPUR, Oct 3 (Bernama) -- The number of digital identity verification checks will surpass 70 billion in 2024; growing 16 per cent on the previous year’s number of 61 billion, according to a new study from Juniper Research.

According to Juniper Research in a statement, this growth is being driven by businesses adopting stronger biometric verification methods to combat account takeover and card-not-present fraud.

Moreover, biometric verification methods are highly effective against these kinds of fraud, with liveness checks utilised to prevent spoofing.

The foremost experts in fintech and payments markets forecasted banking will see the largest volume of checks, with 37 billion in 2024; equating to 53 per cent of the global identity verification market.

The report found continued popularity of digital-only banks is driving this growth, as these banks by their nature are reliant on digital identity verification checks; catalysing growth across the banking sector, as traditional banks play catch-up.

Hence, identity verification vendors must partner with core banking system providers to enable services to be accessed easily, or they will lose out to better-connected competitors.

Juniper Research also highlighted the importance of passive checks, along with biometric verification, to strengthen security and improve user experience.

-- BERNAMA

Hai Robotics’ Innovations Address Storage Density, Performance Issues

 

Photo of HaiPick A42T-E2 (Photo: Business Wire)

KUALA LUMPUR, Oct 2 (Bernama) -- Hai Robotics (Hai), a pioneer and leader in Autonomous Case-handling Robot (ACR) Systems, has launched the world's first telescopic Grapple Hook ACR, the HaiPick A42T-E2 and the HaiPick System 3.

According to a statement, the two new innovations address customer concerns around increasing storage density and performance at a smaller warehouse footprint.

The telescopic Grapple Hook ACR can be integrated within HaiPick System 3, creating a nexus that facilitates higher performance while delivering enhanced storage density.

“We are thrilled with the launch of the HaiPick A42T-E2. This project encapsulates our commitment to providing intelligent, flexible and efficient solutions for the modern warehousing industry, while keeping in mind the growing and dynamic needs of this market on a global scale.

“HaiPick System 3 is a high-performance and agile solution that scales alongside businesses to better achieve instantaneous customer satisfaction,” said Hai Robotics EMEA General Manager, Peter Guan.

Equipped with ChainPick technology, the HaiPick A42T-E2 features a grappling hook with a picking speed of 2.7 seconds, quickly pulling totes one after another.

Such ChainPick technology is key to enabling up to five-deep tote storage capacity, allowing shorter picking and placing time to further streamline the goods-to-person workflow.

Meanwhile, the HaiPick System 3 is the latest solution in the company’s portfolio, enabling ultra-high storage density and increasing worker efficiency up to six times.

Hai Robotics is committed to providing flexible, intelligent, and efficient warehouse automation solutions through robotics technology and artificial intelligence algorithms.

-- BERNAMA

DYADIC TO PRESENT AT INDUSTRY AND INVESTOR EVENTS IN OCTOBER

JUPITER, Fla., Oct 2 (Bernama-GLOBE NEWSWIRE) -- Dyadic International, Inc. (“Dyadic”, or the “Company”) (NASDAQ: DYAI), a global biotechnology company focused on building innovative microbial platforms to address the growing demand for global protein bioproduction and unmet clinical needs for effective, affordable and accessible biopharmaceutical products for human and animal health, and alternative proteins for food, nutrition and wellness, today announced that its management will be presenting at the following industry and investor events during the month of October:

Enzyme Engineering XXVII, October 1-6, 2023
Park Royal Hotel, Singapore
Dr. Ronen Tchelet, Chief Scientific Officer
“The use of in silico analysis to engineer the best immunogenic epitope and produce the corresponding prophylactic antigen-based vaccines with C1 production platform in order to rapidly respond to viral pandemics”
Wednesday, October 4, 2023, 11:00 AM – 11:30 AM

LD Mirco Main Event XVI, October 3-5, 2023
Luxe Sunset Blvd Hotel, Los Angeles, CA
Mark Emalfarb, President, and Chief Executive Officer
“Next Generation Proteins for World Health, Nutrition and Wellness”
Wednesday, October 4, 2023, 8:00 AM – 8:25 AM

World Vaccine Congress Europe, October 16-19, 2023
Fira de Barcelona Montjuic, Barcelona, Spain
Mark Emalfarb, President, and Chief Executive Officer
“Rapid development and flexible scale manufacturing of complex recombinant proteins and antigens including ferritin nanoparticles for seasonal and pandemic influenza vaccines”
Wednesday, October 18, 2023, 11:45 AM – 12:00 PM

If you would like to connect with Dyadic’s management at any of the events, you may request a one-on-one meeting at jlavalley@dyadic.com.

About Dyadic International, Inc.

Dyadic International, Inc. is a global biotechnology company focused on building innovative microbial platforms to address the growing demand for global protein bioproduction and unmet clinical needs for effective, affordable and accessible biopharmaceutical products for human and animal health, and alternative proteins for food, nutrition and wellness.

Dyadic’s gene expression and protein production platforms are based on the highly productive and scalable fungus Thermothelomyces heterothallica (formerly Myceliophthora thermophila). Our lead technology, C1-cell protein production platform, is based on an industrially proven microorganism (named C1), which is currently used to speed development, lower production costs, and improve performance of biologic vaccines and drugs at flexible commercial scales for the human and animal health markets. Dyadic has also developed the Dapibus™ filamentous fungal based microbial protein production platform to enable the rapid development and large-scale manufacture of low-cost proteins, metabolites, and other biologic products for use in non-pharmaceutical applications, such as food, nutrition, and wellness. 

With a passion to enable our partners and collaborators to develop effective preventative and therapeutic treatments in both developed and emerging countries, Dyadic is building an active pipeline by advancing its proprietary microbial platform technologies, including our lead asset DYAI-100 COVID-19 vaccine candidate, as well as other biologic vaccines, antibodies, and other biological products.

To learn more about Dyadic and our commitment to helping bring vaccines and other biologic products to market faster, in greater volumes and at lower cost, please visit http://www.dyadic.com.

Safe Harbor Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding Dyadic International’s expectations, intentions, strategies, and beliefs pertaining to future events or future financial performance, such as the success of our clinical trial and interest in our protein production platforms, our research projects and third-party collaborations, as well as the availability of necessary funding. Actual events or results may differ materially from those in the forward-looking statements because of various important factors, including those described in the Company’s most recent filings with the SEC. Dyadic assumes no obligation to update publicly any such forward-looking statements, whether because of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section entitled “Risk Factors” in Dyadic’s annual reports on Form 10-K and quarterly reports on Form 10-Q filed with the SEC, as such factors may be updated from time to time in Dyadic’s periodic filings with the SEC, which are accessible on the SEC’s website and at www.dyadic.com.

Contact:

Dyadic International, Inc.
Ping W. Rawson
Chief Financial Officer
Phone: (561) 743-8333
Email: ir@dyadic.com 

SOURCE: Dyadic International, Inc. 

--BERNAMA