Alipay and Singapore Tourism Board join hands to boost Chinese tourist spending
 
Jul 16, 2018
Category:

Partnership is aimed at increasing Singapore’s destination branding and awareness, driving visitor spend and enhancing STB’s understanding of a key consumer group

SINGAPORE--(BUSINESS WIRE)--Alipay, the world’s leading mobile and online payment and lifestyle platform operated by Ant Financial Services Group, together with the Singapore Tourism Board (STB), have launched a series of joint marketing initiatives aimed at raising destination awareness of Singapore and driving tourist spending among Chinese visitors.

Alipay and STB signed a Memorandum of Understanding (MOU) in September 2017 to enhance Chinese tourists’ overall experience in Singapore. Under the MOU, both parties agreed, among other things, to explore co-investing in joint-marketing initiatives to encourage Chinese tourists to spend with Alipay while in Singapore.

Since signing the MOU, Alipay has experienced double-digit growth in user spending. China has also become Singapore’s top market in 2017 for both tourism receipts and visitor arrivals, contributing S$4.2 billion in tourism receipts and 3.2 million visitor arrivals.

The marketing activities are designed to incentivize Alipay users, through rewards and discounts, to spend across different types of tourism businesses such as retail, F&B and attractions, further boosting their spending in Singapore. Alipay and STB will also create tailored itineraries that are aligned with STB’s new Passion Made Possible brand. These itineraries will encourage Alipay users to pursue their passions by exploring and discovering new attractions, dining and shopping experiences. It will also give them more reasons to visit and spend more in Singapore.

Additionally, the partnership will deepen STB’s understanding of Chinese visitors’ consumer behavior and spending patterns, leveraging Alipay’s insights.

“With China being Singapore’s top source market for both visitor arrivals and tourist spending last year, we are pleased to partner with Alipay as their keen insights and deep understanding of Chinese consumers will help us to continue to grow in this critical market.

We hope to continue to broaden over time our partnership with Alipay to explore more innovative marketing initiatives in the areas of content, digital and technology to further enhance the Chinese visitor experience,” said Ms Jacqueline Ng, Director, Marketing Partnerships & Planning, STB.

“Singapore is a favorite destination for Chinese travelers. According to research released by Nielsen last year, it is one of Chinese tourists’ top ten preferred travel destinations in the world. Alipay is very pleased to be working together with the Singapore Tourism Board to ensure the consistent smart lifestyle for Chinese travelers in Singapore that they experience at home. At the same time, we are excited to connect more merchants in Singapore with Chinese tourists and be discovered by them through the app,” said Cherry Huang, General Manager, Cross-border Business for South and Southeast Asia, Alipay.

Alipay is committed to helping more local merchants be discovered by Chinese tourists and better supporting the needs of the Chinese travelers by providing a more efficient and convenient payment method via its platform. Mobile payment is gaining momentum among Chinese travelers overseas. According to the recent Nielsen report1, 65% of Chinese tourists used mobile payment platforms during their overseas travels, more than six times in comparison to non-Chinese tourists (11%). Over 90% of Chinese tourists would consider using mobile payments when traveling overseas if more overseas merchants accepted them.

About Alipay

Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently has over 520 million active users and over 200 domestic financial institution partners. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Alipay’s in-store payment service covers more than 40 countries across the world, and tax reimbursement via Alipay is supported in 29 countries and regions. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese traveling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies.

About the Singapore Tourism Board

The Singapore Tourism Board (STB) is the lead development agency for tourism, one of Singapore’s key economic sectors. Together with industry partners and the community, we shape a dynamic Singapore tourism landscape. We bring the Passion Made Possible brand to life by differentiating Singapore as a vibrant destination that inspires people to share and deepen their passions. For more information, visit www.stb.gov.sg or www.visitsingapore.com or follow us on Twitter @STB_sg.

1 Nielsen Report <2017 OUTBOUND CHINESE TOURISM AND CONSUMPTION TRENDS>

Contacts
Media Enquires
Ant Financial / Alipay
Xinyun Yang
xinyun.yang@antfin.com
+86 138 1689 6301
or
Text100 Singapore
Faith Ng / Kelly Chiew
AlipaySG@text100.com.sg
+65 6603 9000
or
Singapore Tourism Board
Lee Jian Xuan
lee_jian_xuan@stb.gov.sg
+65 6831 3674

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Bank of Singapore is the First Singapore Private Bank to Receive Regulatory Approval to Open a Wealth Management Subsidiary in Luxembourg
 
Jul 16, 2018
Category:

The set-up of the Luxembourg subsidiary further positions Bank of Singapore to capture opportunities in Europe.

SINGAPORE & LUXEMBOURG--(BUSINESS WIRE)--Bank of Singapore today announced that it has been granted an investment company licence to operate a wealth management subsidiary in Luxembourg – a first for a Singapore private bank.

Bank of Singapore, through this new subsidiary, BOS Wealth Management Europe Société Anonyme (S.A.), will be able to offer a comprehensive range of customised private banking solutions and investment advisory services to its ultra-high and high net worth clients in the European Economic Area (“EEA”) and the United Kingdom (“UK”). The EEA comprises the European Union (EU) countries and Iceland, Liechtenstein and Norway.

Currently, Bank of Singapore serves its European clients from its Singapore headquarters and through its parent company OCBC Bank’s London office. There has been robust growth in assets under management from EEA clients as they hold Singapore in high regard as a premier financial hub in Asia with its sound economic and political stability, and its access to global and regional financial markets.

The Luxembourg-based business will be headed by Mr Anthony Adriano Simcic (left), who will report directly to Mr Olivier Denis, Bank of Singapore’s Global Market Head for Singapore, Malaysia and International.

Mr Simcic, who has 18 years of banking experience, was previously Head of Private Banking for HSBC Private Bank in Luxembourg.

With BOS Wealth Management Europe S.A. set to begin operations in the third quarter of this year with an official opening in the second quarter of next year, Bank of Singapore is poised to bring its European business to the next level and improve the bank’s coverage of the Independent Asset Manager (IAM) segment in Europe, given that the concept of IAM is commonplace in Europe.

The go-ahead to operate a wealth management subsidiary in Luxembourg comes at an opportune time as Europe saw a substantial increase in the number of HNWIs and wealth in 2016, based on the 2017 Capgemini World Wealth report.

The number of HNWIs in Europe rose by 7.7 % to 4.5 million – outpacing the 7.4 % increase recorded for the Asia-Pacific. In terms of high net worth individual (HNWI) wealth, Europe registered the third highest growth (8.2 %) by region. This was on par with the Asia-Pacific region and just behind Latin America and Africa.

Chief Executive Officer of Bank of Singapore, Mr Bahren Shaari, said, “Since the global financial crisis of 2008, European high net worth individuals and family offices have shown increasing interest in Asia, and especially in Singapore, as an alternative wealth hub. As a Singapore headquartered private bank with deep knowledge of and extensive insights into Asia, Bank of Singapore has been a natural choice for them. Our ability to help them with their investments in Asia – by extending a broad array of commercial banking capabilities across OCBC Bank’s regional and international network, on top of best-in-class private banking solutions – makes for an attractive value proposition.”

“The establishment of BOS Wealth Management Europe S.A. in Luxembourg highlights our commitment to better serving high net worth individuals and family offices in the region. We are confident of replicating our successful business model – which is flourishing in Hong Kong and Dubai – so that it supports the growing affluence and rising economic activities in the European Economic Area.”

Luxembourg, which sits strategically in the heart of Western Europe, is consistently ranked among the top three financial centres in the European Union in the Global Financial Centres Index published by market intelligence firm Z/Yen.

With more than €4 trillion in assets under management, it is the largest investment fund centre in Europe and the second largest in the world, behind only the United States. With Luxembourg investment funds offered in more than 70 countries worldwide, it is also the largest global distribution centre for investment funds.

For all updates on Bank of Singapore, follow @bankofSG on twitter and “follow” linkedin.com/bankofsingapore on LinkedIn.

About Bank of Singapore

Bank of Singapore is the dedicated private banking subsidiary of OCBC Bank. It has a strong Aa1 credit rating from Moody’s and offers a unique value proposition as a safe Singapore-registered private bank.

It operates on an open-architecture product platform and has strong research capabilities, especially in emerging market research, to help its clients make the right decisions for fixed income, equities and money market investments as well as portfolio management, trust and insurance services. Over the years, it has built Managed Investments capabilities and premium trust and advisory services, supported by one of the largest research teams in Asia.

Beyond private banking services, clients of Bank of Singapore have access to personal and business banking services, as well as investment opportunities offered by OCBC Bank or its subsidiaries.

It is able to leverage OCBC Bank’s commercial banking capabilities to extend its clients a broad array of consumer and corporate banking, corporate finance and treasury services across the OCBC Bank’s regional and international network.

Bank of Singapore serves high net worth individuals and wealthy families in its key markets of Southeast Asia, Greater China, Philippines, India Sub-Continent and other International markets. Headquartered in Singapore, Bank of Singapore has branches in Hong Kong and Dubai International Financial Centre, with representative offices in Manila and Dubai.

Its strong performance has won it numerous industry recognitions. In 2017, Bank of Singapore was named the Best Private Bank in Singapore (for the sixth time) by Asian Private Banker and Best Private Bank for entrepreneurs in Asia-Pacific by Global Finance. It was also named the Outstanding Private Bank in South East Asia for three years (2014, 2016 and 2017) by Private Banker International.

For more information, please visit www.bankofsingapore.com

About OCBC Bank

OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 590 branches and representative offices in 18 countries and regions. These include over 320 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and more than 100 branches and offices in Hong Kong, China and Macao under OCBC Wing Hang.

OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.

OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.

For more information, please visit www.ocbc.com

Contacts
BOS Wealth Management Europe S.A.
Sandrina Oliveira, Tel: (352) 28 57 32 4003
Senior Associate
Office Manager
Email: sandrina.oliveira@boswm.com

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Infostretch Recognized as One of the 100 Best Workplaces for 2018
 
Jul 16, 2018
Category:

SANTA CLARA, Calif. & AHMEDABAD, India--(BUSINESS WIRE)--Today, enterprise digital solutions provider Infostretch announced that the company has been recognized as one of the 100 best workplaces in India for 2018. This is based on the largest workplace recognition study in India, undertaken by the Great Place to Work® Institute.

Infostretch confirmed its place in the top 100 from over 600 companies that applied. The award is based on anonymous feedback from employees, as well as a study of the people practices within organizations. This marks the fifth commendation related to the company’s positive workplace environment since the beginning of 2017. Infostretch was highlighted as one of the best 50 workplaces in IT and IT-BPM in 2017 by the Great Place to Work® Institute. Infostretch was also certified as a Great Place to Work in India in 2017 and was certified as a Great Place to Work in both India and the United States in 2018.

Headquartered in Santa Clara, California, Infostretch has operations in North America, Europe and India, with a team of over 1,000 employees. Infostretch has over 500 employees across its three development centers in India: Ahmedabad, Pune and Bengaluru. Over the next two years, the company will more than double its headcount in India.

Infostretch leverages a combination of technology, processes and expertise to help enterprises accelerate their digital transformation with less risk and greater success. It is part of a new generation of digital-first professional services firms built for technical execution at speed – across development, testing and integration.

“We are extremely proud of this achievement,” commented Rutesh Shah, Infostretch CEO and Co-Founder. “It has always been our intention to make Infostretch a great place to work. It is rewarding to see that this intention is now very clearly a reality, based on the feedback from our employees. Empowering and supporting our employees creates a virtuous circle. It means that we retain more employees and create a stable and enjoyable work environment, which in turn means that we can more easily attract more great employees in the future.”

“I don’t think it is a coincidence that our commercial success at Infostretch has gone hand in hand with successfully creating a positive work environment,” said Manish Mathuria, Infostretch CTO and Co-Founder. “Even now, as a company with over a thousand employees, we have cultivated a family atmosphere, where we work towards the same goals and celebrate our successes together. I feel very proud of the work environment that we have fostered and I’m gratified that our employees feel the same way.”

About Infostretch

Infostretch is a digital-first professional services firm. By combining in-depth experience with ready-made tools, frameworks, technologies and partnerships, Infostretch helps enterprises get digital right, the first time. With an experienced team of digital technologists, Infostretch offers Digital Strategy, Digital Development, DevOps, Quality Engineering, Cloud, IoT, Data Analytics and Mobility services. The company is trusted by leading Fortune 100 companies as well as emerging innovators to deliver solutions that work seamlessly across channels, leverage predictive analytics to optimize the software lifecycle, and support continuous innovation. For more information on how solutions and services from Infostretch accelerate digital transformation, visit www.infostretch.com.

About Great Place to Work

Great Place to Work is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. In the United States, Great Place to Work produces the annual Fortune “100 Best Companies to Work For”® list and a series of Great Place to Work Best Workplaces lists including lists for Millennials, Women, Diversity, Small and Medium Companies and over a half dozen different industry lists. Follow Great Place to Work online at www.greatplacetowork.com and on Twitter at @GPTW_US.

Contacts
Infostretch
Edward J. Bride, 413-442-7718
edward.bride@infostretch.com

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Ready for take-off Transatlantic Trade Aligns to Advance Airplane Production
 
Jul 13, 2018
Category:

Mobile, Ala --( ASIA TODAY )-- Leading global logistics provider DB Schenker has developed a streamlined logistics and transportation system for Airbus’ final assembly line production in Mobile, Ala. A sign of strong European-U.S. trade relations, this development is increasing employment for the City of Mobile while allowing Airbus to improve its logistics operations.

Airbus partnered with DB Schenker to develop a logistics plan to accommodate the manufacturer’s larger, ocean-going vessels. Those vessels are now being used for the international transport of four complete airplane “ship sets” per month. Using a new roll-on/roll-off terminal, its barge, and a newly-dredged section of river, Airbus can now use larger vessels to transfer the components by water.

Working with local contractors, DB Schenker also refurbished a pier (at the production plant) and constructed a new airplane hangar, both of which are enabling just-in-time delivery and use of the airplane parts.

Tanguy Largeau, DB Schenker’s Head of Vertical Market Aerospace Americas, says the logistics provider took an innovative approach to reduce road transport of the parts, and to mirror Airbus’ European operations and organize transportation via waterway. Borrowing a page from Airbus’ European operations, the logistics provider came up with a way to organize the transportation via waterway. That plan would include a fully-refurbished dock and pier, and a new hangar. “We designed the solution and organized the project,” says Largeau, who adds that DB Schenker coordinated with local authorities, service providers, and Airbus itself to bring the multifaceted project to fruition.

Airbus first used the new logistics setup for a shipment in May. Michael L. Schoenfeld, Senior Vice President and Head of Contract Logistics for DB Schenker USA, says the innovative concept is helping Airbus maximize area waterways, increase production, and utilize existing infrastructure that included a dock that was built and used during World War II.

“Working with Airbus, the local authorities, and numerous local providers, we designed the solution, organized the project, and orchestrated it in a way that solved Airbus’ key challenges,” says Schoenfeld. “The first run with the new system was flawless.”

These immediate, positive results bode well for the U.S. and European economies impacted by this innovative partnership, which has helped to add/preserve employment while also creating new business opportunities for area service providers.

“This project, which involved multiple divisions across DB Schenker, is a tribute to the entrepreneurial nature of our organization,” says Schoenfeld. “We were presented with a business problem and we funneled pockets of expertise across multiple divisions of our organization and found a way to a better solution.”

*********************
Should you have any queries, please do not hesitate to contact us – aprho@dbschenker.com

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Seoul Semiconductor's LED SunLike Improves Eye Health and Sleep Quality, According to Clinical Study
 
Jul 12, 2018
Category:

ANSAN, South Korea--(BUSINESS WIRE)--Seoul Semiconductor Co., Ltd. (KOSDAQ 046890), a global market leader in LED (light emitting diode) design and manufacturing, announced that a research has shown that its “SunLike” is an optimized LED for human centric lighting that improves eye health and sleep quality.

The research team of Biomedical Information Laboratory, Seoul National University College of Medicine in Korea, has reported that using SunLike based lighting, the eye discomfort is significantly reduced and the sleep quality is improved compared to conventional LED lighting users.

The researchers conducted experiments on adults including graduate students at Seoul National University, who spend a lot of time studying at their desk indoors. Each participant was instructed to use SunLike desk lamp and conventional LED lamp for 3 hours before bedtime. The team conducted a questionnaire and analyzed the vital signs of participants recorded during sleep.

Subjective evaluation through questionnaires showed a significant decrease in eye fatigue and a marked improvement in sleep quality. The researchers found that improvement of the feeling of not refreshing after a sleep in the following morning was statistically significant.

As a result of analyzing the measured vital sign, the time it takes to fall asleep is 23% faster and the time to break during sleep was also improved by 43%. Therefore, the research team found that sleep efficiency as an indicator of sleep was significantly improved from 88% to 94%.

“We conclude that these effects are due to the stabilization of the autonomic nervous system rhythm, which is manifested by inactivation of sympathetic nerve and activity of parasympathetic nerve by SunLike based lighting,” said the research team of SNU. “Light affects people’s circadian rhythm. In order to improve biorhythm, we can adjust the light according to time zone and use a light source close to sunlight,” said the research team of SNU.

SunLike is an advanced light source that combines the latest optical and compound semiconductor technology of Seoul Semiconductor and *TRI-R technology, a sunlight spectrum reproduction technology, that is a registered trademark by the Toshiba Materials Co., Ltd. It that lowers blue light peak similar to sunlight spectrum contributes to maintaining a stable human circadian rhythms and enhancing the color clarity of objects.

In addition, as a result of analyzing the blue light emitted by the LED ‘SunLike’, it received Eye Safety Certification for level RG-1, the highest level of safety, from Korea Testing & Research Institute last November. This is the level given to a safe light source without any photobiological hazards.

“Since its launch on June 29th, last year in Frankfurt, Germany, with Toshiba Materials Co., Ltd., SunLike has being supplied to global customers in US, Europe, China and Japan that manufacture home lightings, smart desk stands and lamps. It is also currently working on more than 200 projects for SunLike with customers, suppliers and researchers,” said Minsoo Son, marketing vice president of Seoul Semiconductor. “We will prove SunLike is the innovative LED which adds value for human centric lighting by demonstrating differentiated quality and competitiveness to exceed customers’ expectations.”

*TRI-R, supported by Toshiba Materials, finds in the definition “The light closest to the sun for human well-being” as its original concept. The sun light spectrum is developed by the same company and can be reproduced by a white LED light source technology.

About Seoul Semiconductor
Seoul Semiconductor develops and commercializes light emitting diodes (LEDs) for automotive, general illumination, specialty lighting, and backlighting markets. As the fourth-largest LED manufacturer globally, Seoul Semiconductor holds more than 12,000 patents, offers a wide range of technologies, and mass produces innovative LED products such as SunLike – delivering the world’s best light quality in a next-generation LED enabling human-centric lighting optimized for circadian rhythms; WICOP – a simpler structured package-free LED which provides market leading color uniformity and cost savings at the fixture level, providing high lumen density and design flexibility; NanoDriver Series – the world’s smallest 24W DC LED drivers; Acrich, the world's first high-voltage AC-driven LED technology developed in 2005, including all AC LED-related technologies from chip to module and circuit fabrication, as well as multi-junction technology (MJT); and nPola, a new LED product based on GaN-substrate technology that achieves more than ten times the output of conventional LEDs. UCD constitutes a high color gamut display which delivers more than 90% NTSC. To learn more, visit www.seoulsemicon.com.

Contacts

Seoul Semiconductor Co., Ltd.
Korea and Asia
Jeonghee Kim
+82-70-4391-8311
+82-10-4843-6303
jeonghee.kim@seoulsemicon.com

Americas
Andrew Smith
+1 (901) 831-6614
andrew.smith@seoulsemicon.com

China
Vincent Wu
+86-1391-7898226
vincent.wu@seoulsemicon.com

Europe
Marc Juarez
+49 89 450 36 90 31
marc.juarez@seoulsemicon.com

Japan
Kohei Shimooka
+81-80-4668-9710
kohei.shimooka@seoulsemicon.com

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Smart City Ideas at Art in MTR Exhibition
 
Jul 11, 2018
Category:

HONG KONG --( ASIA TODAY )-- Public space with greening and art not only offers members of the community some much-needed breathing space, but also provides a sense of tranquillity amidst the hustle and bustle in Hong Kong. These were among some of the creative concepts to make better use of public space that were explored by a group of students from secondary schools and tertiary institutions who participated in the “Social Innovation Inventor - Smart City Design Competition”. Their suggestions included adding elderly- and environmentally friendly features to enhance walkability as well as using art and history to make the pedestrian experience more enjoyable. Winning designs from the competition, organised and sponsored by the World Green Organisation and MTR Corporation respectively, are on display in an “Art in MTR” exhibition at MTR Sheung Wan and Sai Wan Ho stations starting from today (5 July 2018) until 2 October 2018.

“Apart from the issue of land scarcity, Hong Kong also faces challenges from having an aging population. This competition has guided students to use their creativity to help tackle these social issues while raising their awareness about environmental protection and encouraging them to adopt a healthy and low-carbon lifestyle,” said Dr William Yu, Chief Executive Officer of World Green Organisation.

“As a company committed to contributing to environmental protection by providing low carbon transport and creating a more vibrant and vivid travelling experience for everyone to enjoy, MTR Corporation is happy to share the students’ interesting and thoughtful urban design concepts with the wider community,” said Ms Linda So, Corporate Affairs Director of MTR Corporation.

MTR Corporation offers space at different MTR stations for art exhibitions under the “Art in MTR” programme to promote artistic talent and the public’s appreciation for art. Interested artists and organisations may call the MTR Hotline at 2881 8888 for enquiry or submit their proposals to the MTR Corporation.

- End -

Venus Chui
cr_promo_2012@yahoo.com.hk
MTR Corporation

 
 
Free Electrons: 28 Pilots Already Launched between Startups and Utilities
 
JCN Newswire
Jul 11, 2018
Category:

Module 2 was hosted in San Francisco with Top 15 startups

TOKYO - (JCN Newswire) - Free Electrons, the first global energy accelerator program that connects the world's most promising startups with leading utilities around the world, has wrapped up its second module with an impressive total of 28 running pilots with a final module in Berlin to go.

The program kicked off its 2018 edition with a successful Bootcamp in Lisbon, followed by module 1 in Sydney/Melbourne, where initial pilots were scoped between utilities and startups. Module 2 took place in Silicon Valley, the global tech hub, and focused on growth and learning.

In module 2, sessions where utilities and startups forwarded their on-going pilots were key in maximizing performance. The module was also an opportunity to develop new relationships and opportunities. In module 1 only one pilot per startup was recommended in order to insure focus and traction. In module 2 the learnings were shared and the playing field was open.

Free Electrons allows for utilities to cooperate with each other on pilots, which is unique, and effective for startups, as they only have to go through a learning curve with a utility once and allows for them to scale much faster. To date startups could only have one pilot, but from now they have the opportunity to work with multiple utilities.

One such example is between Verv, that created a clever home energy assistant, and ESB, that has already successfully completed a pilot with Sterblue, and is now preparing the next steps to apply their solution to monitoring wind farms. Another example is SOLshare, a blockchain platform that is doing a pilot with Innogy where a donor can choose individual users or a predefined group of users (like a village) to donate energy and a second pilot with Tokyo Electric Power Company (TEPCO) to develop a technology and implement for field-testing to enhance data access in DC microgrids.

"We wanted a safe, fast and accurate solution to inspect our wind turbines to minimize maintenance costs & generator downtime. Sterblue were super-accommodating of all our requirements. Sometimes we find it can actually be easier to work with startups than larger companies because they are more flexible, enthusiastic and listen intently to their customer's needs", says John McKiernan, Head of External Collaboration at ESB. "This program connects us with new companies that we might never otherwise find. It is a tremendous catalyst for accelerating change and innovation at ESB", adds John McKiernan.

Module 2 (San Francisco)

The first two days of the module were partially dedicated to sharing learnings derived from the first 15 pilots underway. This process is core to the program structure and allows startups and utilities to build on the experiences of each other.

The third day represented one of the module's high notes with the Level-Up Energy Innovation event, which presented the Free Electron participants to the Silicon Valley ecosystem. The 15 startups in the program were each given the opportunity to showcase their cutting-edge solutions to an audience comprised of investors and tech experts.

The module closed with the announcement of the new pilots which had been defined throughout the week, and an overview of the roadmap towards the final module in Berlin.

"Naming this program Free Electrons says a lot about the utilities' shared perspective and view regarding the evolution of power and energy industry and markets around the world. Electricity as a commodity will tend to lose value over time, so we need to develop new business models and new services to add value to our shareholders, and they will certainly revolve around digital, data and data management", says Luis Manuel, Executive Board Member at EDP Innovation.

The Free Electrons members are American Electric Power (USA), AusNet Services (Australia), CLP (Hong Kong), DEWA (Dubai), EDP (Portugal), ESB (Ireland), Innogy (Germany), Origin Energy (Australia), SP Group (Singapore) and TEPCO (Japan). The program is supported by Beta-i (Portugal).

In total, the program received 515 applications, from 65 different countries, a testament to the global reach of the initiative. After a selection process that culminated in the Bootcamp (that took place last April, in Lisbon, Portugal), 15 startups qualified for the acceleration phase. The final stage, that closes the program, will happen in Berlin, Germany, in October.

Structure

Three international modules held across the globe are the cornerstones of Free Electrons. During the course of the program participants will work closely with local players, utilities, mentors and other resources in order to accelerate their company's growth.

The utilities backing Free Electrons are leading innovation in the energy sector. This project embodies their commitment to work with startups in building the future of the sector with clean, smart and widely accessible energy.

About TEPCO

Tokyo Electric Power Company Holdings, Inc. (TSE: 9501), headquartered in Tokyo, Japan, is the largest utility in Japan serving millions of homes and businesses. Worldwide the company has more than 34 subsidiaries and 32 affiliates in 8 countries and employs approximately 42,060 people. Consolidated revenue for the fiscal year ending March 31, 2017, totaled 5.3 trillion Japanese yen. The company was established in 1951 and is listed on the First Section of the Tokyo Stock Exchange. For more information visit http://www.tepco.co.jp/en/

About Free Electrons

The Free Electrons Program is the best opportunity for startups in the energy space to grow and develop their businesses. The energy market has seen rapid changes in recent years with the rise of renewables, decentralization of the energy system, regulatory uncertainties and disruptive new technologies. To stay ahead, there is a strong need for utilities to source more innovation externally and consider the 'beyond utilities' business models. http://www.freetheelectron.com/

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Contact
Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
E-mail info@japancorp.net
Website
TANAKA Expands FC Catalyst Production Capacity
 
JCN Newswire
Jul 10, 2018
Category:

- 7x current capacity will meet future demand from China and Europe

The TANAKA KIKINZOKU GROUP has announced a major expansion of its Fuel Cell Catalyst Development Center at the Shonan Plant in Kanagawa Prefecture, operated by TANAKA KIKINZOKU KOGYO, the manufacturing business entity of the TANAKA GROUP. TANAKA KIKINZOKU KOGYO already commands the top global share in the fuel cell catalyst market, but will increase production capacity seven-fold with its freshly enlarged FC Catalyst Development Center.

With an investment of 4 billion yen, the new buildings are adjacent to the existing Center, with some 3,000 square meters for production facilities combined with new shipping and warehouse facilities. As a result, TANAKA KIKINZOKU KOGYO will be able to provide stable supplies of electrode catalyst in response to rising demand for precious metal electrode catalysts, having grown in tandem with expanding fuel cell markets and facilitating development of a hydrogen society. Scheduled for completion on July 18, the new Center moves to full-scale operation in January 2019.

China recently announced its support for developing hydrogen energy for fuel cell vehicles as a strategic industry, while the city of Shanghai announced a subsidy plan for purchasing fuel cell vehicles and the establishment of R&D facilities. The global move away from diesel vehicles is accelerating in Europe, and there are development areas for new transportation including hydrogen-powered trains, marine craft and unmanned or connected vehicles. The question of global demand for fuel cells and electrode catalyst shows no signs of slowing, for which TANAKA KIKINZOKU KOGYO sought an answer.

TANAKA will maintain a stable supply of fuel cell electrode catalysts into the future, while focusing on its research and development program as well. As the leading provider of precious metal fuel cell catalysts for more than a half-century, TANAKA will continue to contribute responsibly to the wider adoption of fuel cells and the development of a hydrogen-based society.

TANAKA's Fuel Cell Electrode Catalysts

TANAKA's FC Catalyst Development Center develops and manufactures electrode catalysts for 'polymer electrolyte fuel cells' (PEFCs). PEFCs are an exciting new technology, used in household 'ENE FARM' fuel cells and in fuel cell vehicles (FCVs). However PEFC use is expected to expand to grow to the fields of industrial machinery, such as FC forklifts, and commercial vehicles, such as FC buses.

PEFC is a small, lightweight, high-power, and new environmentally-friendly technology that uses the chemical reaction of hydrogen and oxygen. TANAKA KIKINZOKU KOGYO combined precious metal catalytic technology, and electrochemical technologies cultivated over the years, to have developed a highly-active platinum catalyst for cathode (air electrode), and a platinum alloy catalyst resistant to carbon monoxide (CO) poisoning for anode (fuel electrodes).

About TANAKA KIKINZOKU GROUP

The TANAKA KIKINZOKU GROUP consists of 30 companies, namely 6 domestic and 24 overseas companies, led by TANAKA HOLDINGS. As a group of precious metals specialist covering various fields focus on precious metals, we correspond to the needs of each customer by deploying a high level of services through close partnership and well-established system.

Core companies of the TANAKA GROUP:

-- TANAKA HOLDINGS Co., Ltd.
-- TANAKA KIKINZOKU KOGYO K.K.
-- TANAKA DENSHI KOGYO K.K.
-- ELECTROPLATING ENGINEERS O JAPAN Ltd.
-- Metalor Technologies International SA
-- TANAKA KIKINZOKU JEWELRY K.K.

Learn about TANAKA at http://www.tanaka.co.jp/english or see Industrial Products at http://pro.tanaka.co.jp/en.

 
 
Contact
Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
E-mail info@japancorp.net
Website
Software AG Unveils New Enterprise Digital Twin Framework
 
Jul 10, 2018
Category:

Hong Kong – JULY 10, 2018 --( ASIA TODAY )-- Software AG (Frankfurt TecDAX: SOW) announced the availability of a new Enterprise Digital Twin Framework, which is built on the company’s ARIS platform and enables enterprises to create a digital model that mirrors the characteristics, interdependencies and interrelationships of their processes, systems and assets.

Gartner Research Director, Marc Kerremans, recently wrote about use-cases for creating a Digital Twin. According to the Gartner report, “Program and portfolio management leaders struggle to represent, prioritise, guide and monitor underlying operational scenarios, and adapt their program and project plans to moving strategic and operational targets.”*

By using Software AG’s ARIS Process Transformation and Management platform as the foundation for an Enterprise Digital Twin Framework, enterprises can gain significant end-to-end visibility and visualisation of their operations. Additionally, these enterprises gain the transparency required across their operations to make better decisions that will result in improved business outcomes and initiatives.

The ARIS-based Enterprise Digital Twin Framework ensures that processes are tightly linked and connected across the enterprise with real-life data. ARIS is an integral part of the Digital Business Platform and has gained substantial customer adoption with its broad portfolio and its most recent product developments that support enterprises at every stage in their digital transformation.

Dr. Wolfram Jost, Chief Technology Officer, Software AG, said: “This combination of virtual and physical worlds enables enterprises across Asia to more efficiently manage the critical interdependencies and interrelationships between people, processes and systems, which is fundamental to coping with the complex challenges associated with digital transformation. Software AG’s Enterprise Digital Twin Framework can create a virtual copy of all aspects of an enterprise, which gets richer with every operation and leads to continuous business improvements. This leads to better handling of threats before they negatively impact the business as well as the prevention of possible downtime, the creation of new opportunities, the provision of important insights on system performance, and the simulation of future possibilities.”

Top six examples of an Enterprise Digital Twin Framework enabled by the ARIS platform include:

1. Business Strategy and Planning: A systematic approach for defining, documenting, analysing, and implementing enterprises’ business strategies coupled with clear benchmarking and monitoring.
2. Transformation Empowerment: A structured means for process documentation and design enhancing team collaboration and training, as well as process launch, ongoing governance and continuous process improvement.
3. IT and IoT Alignment: Provides the basis for executing processes across IT, IoT and SAP systems and making an Enterprise Digital Twin Framework a reality.
4. Process Mining and Intelligence: Delivers a 360-degree view of an enterprise’s processes coupled with dependencies for pattern, anomaly and opportunity discovery and intelligent insights for continuous process improvement. Enables theoretical process simulation comparisons against real world possibilities.
5. Customer Journey Management: Minimises the customer effort across all channels and touch-points, ensuring a seamless experience every time a customer interacts with an enterprise. Provides a completely integrated system that creates personal experiences across all channels, including customer touch-points and gap analysis.
6. Risk and Compliance Management: The automation of governance, risk and compliance (GRC) through simple risk identification, documentation and assessment ensuring tight regulatory compliance and fast adaptation to new regulations. Includes a “single point of truth” for all compliance activities and a single dashboard for monitoring all compliance processes.

A Gartner report further noted: “Any digital business initiative, whether transformational or a smaller change, requires the translation of desired business outcomes and customer experience measurements into operational indicators that can be used to monitor progress toward goals, even after program or project completion.”**

Software AG’s Enterprise Digital Twin Framework can be used in several use-cases, for example:
• Supply Chain Management: Providing process chain visibility that enables end-to-end process excellence potentially achieving significant cost-savings
• Quality Management: Allowing enterprises to establish global, enterprise-wide standards for Quality Management Systems (QMS) and ensure that everyone is working from the same source of information
• Risk and Compliance: Delivering full control of overall processes, compliance and risks

The Digital Business Platform is an adaptable technology layer that fits into, but does not replace, an organisation’s existing IT landscape.

“Optimising enterprises’ digital journeys and helping them seize new opportunities in the digital age remain to be Software AG’s key priority. As more organisations in Asia embrace digital transformation, our new Digital Business Platform ensures that they can rapidly adopt current and future technologies and market disruptions and grow sustainably with enhanced visibility and control,” said Anneliese Schulz, Vice President, Asia, Software AG.

Based on a single architecture and release cycle, the Software AG solution is an integrated platform enabling multiple digital use cases.

* Gartner, 12 Powerful Use Cases for Creating a Digital Twin of Your Organization, Marc Kerremans, 25 October 2017.
** Gartner, Create a Digital Twin of Your Organization to Optimize Your Digital Business Transformation Program, Marc Kerremans, Joanne Kopcho, 14 July 2017.

+++

About Software AG
Software AG (Frankfurt TecDAX: SOW) helps companies with their digital transformation. With Software AG’s Digital Business Platform, companies can better interact with their customers and bring them on new ‘digital’ journeys, promote unique value propositions, and create new business opportunities. In the Internet of Things (IoT) market, Software AG enables enterprises to integrate, connect and manage IoT components as well as analyse data and predict future events based on Artificial Intelligence (AI). The Digital Business Platform is built on decades of uncompromising software development, IT experience and technological leadership. Software AG has more than 4,500 employees, is active in 70 countries and had revenues of €879 million in 2017.

Issued on behalf of Software AG by Newell Public Relations
For information:
Ivan Theodoulou
Newell PR
Tel: 2117 2100
Email: ivant@newell.com

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
India’s Aequs Aerospace to Showcase Its Global Aerospace Ecosystem at Farnborough International Airshow
 
Jul 09, 2018
Category:

Aequs Aerospace will highlight how global OEMs can leverage India’s thriving aerospace ecosystem in its SEZ in Belagavi, India, to enhance manufacturing production capacity

BELGAUM, India--(BUSINESS WIRE)--Aequs Aerospace is set to showcase its integrated aerospace manufacturing ecosystem at this year’s Farnborough International Airshow (FIA) being hosted in the UK. Located in the Aequs Special Economic Zone (SEZ) in Belagavi, India, Aequs’ unique ecosystem enables global OEMs to speed up time to market and reduce logistics costs. Aequs SEZ, spread over 106 hectares of industrial land, hosts separate facilities for forging, machining, surface treatment, assemblies, tooling, etc. that cater to multiple stages of the aerospace supply chain – all in one location. Top global OEMs have leveraged this ecosystem to reduce time to market by sourcing from a single location.

Aequs has won the Airbus Innovation Award in 2016 for its ecosystems of efficiency and the Airbus Detailed Parts Partner Award (D2P) for two consecutive years, 2016 and 2017. Aequs has also participated in Aero India 2017, Paris Air Show 2017 and Defence Expo India 2018.

Aequs has established a global integrated aerospace ecosystem that has presence in the US and France as well. It also holds the distinction of being India’s fastest growing aerospace company with a CAGR of 50% year-on-year for 5 years and among a handful of Indian companies with the capability to deliver to American and European clientele. Aequs continues to consolidate the supply chain and embrace Aerospace 4.0 by meticulously adding capabilities and cutting-edge technologies that would further boost the ecosystem. Aequs Aerospace will give you a glimpse of this unique ecosystem at Hall 4, Booth #4938 at FIA 2018.

Aravind Melligeri, Chairman & CEO of Aequs Group, said, “Our partnership networks are forged with care. We believe in creating synergetic relations with recognized industry leaders that drive our ecosystem. The advantage we offer is our capacity to produce large volumes of critical components by adding value at multiple stages of the supply chain. Guided by our core values of transparency, trust and respect, we have built a global aerospace manufacturing ecosystem to deliver vertically integrated solutions to our customers.”

Aequs has provided OEMs from across the world such as Airbus, UTAS, Bosch, Eaton, Baker Hughes and Halliburton with a comprehensive solution to establish themselves in a potential market like India in the rapidly growing Asia-Pacific region.

About Aequs

Aequs is among India’s fastest growing precision engineering companies specializing in precision machining, sheet metal fabrication, assembly, forging, and surface treatment for the Aerospace, Automotive, and Oil & Gas industries. Aequs operates several manufacturing facilities in India, US and Europe and is headquartered in Aequs SEZ, Belagavi, India's first notified engineering and precision manufacturing SEZ. Visit www.aequs.com for more details.

Contacts
for Aequs
Arvind Ghimiray, +91 8892973833
arvind.ghimiray@hkstrategies.com

- ASIA TODAY News Global Distribution http://www.AsiaToday.com