- The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) will take place on 18 and 19 November at the Hong Kong Convention and Exhibition Centre- Under the theme of “Shaping the Future of Supply Chains: Resilience and Sustainability”, ALMAC aims to strengthen Hong Kong's position as an international shipping centre, in alignment with the Resolution of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and measures proposed in the latest Policy Address- Around 80 distinguished speakers will delve into discussions on how to create resilient and sustainable supply chains- 2,000+ participants from more than 30 countries and regions are expected to attend- Discussions will focus on 3 major trends - supply chain diversification, sustainability and green energy and innovation and technologyHONG KONG, Nov 5, 2024 - (ACN Newswire via SeaPRwire.com) - The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC), co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), will take place on 18-19 November at the Hong Kong Convention and Exhibition Centre.Under the theme “Shaping the Future of Supply Chains: Resilience and Sustainability”, the event aligns with the Resolution of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and supports measures proposed in the latest Policy Address to reinforce Hong Kong’s status as an international shipping centre and aviation hub and to foster the development of the city’s maritime industry. In addition to around 80 heavyweight speakers, the conference is expected to attract over 2,000 participants from more than 30 countries and regions to explore the latest trends and business opportunities in the aviation, logistics and maritime sectors, and to promote high-quality development of the logistics and supply chain management industry.Stephen Liang, Assistant Executive Director, HKTDC said: “As the flagship supply chain event in Asia, this year’s ALMAC presents an impressive line-up of experts from the aviation, logistics and maritime sectors, with a wide coverage of countries and regions, including Middle East, Central Asia and other regions, demonstrating Hong Kong's strength as a platform for international trade and investment. In addition to the attendance of Fu Xuyin, Vice Minister of the Ministry of Transport, People’s Republic of China, for the first time a number of ASEAN officials are invited, including Loke Siew Fook, Minister of Transport Malaysia, H.E. Heng Nan, Secretary of State, Ministry of Public Works and Transport, Cambodia, H.E. Saysongkham Manodham, Vice Minister of Public Works and Transport, Lao PDR and Nguyá»…n Xuân Sang, Deputy Minister of Transportation, Vietnam. The support of leaders from these ASEAN member countries reinforces Hong Kong's position as a superconnector and an international shipping centre and aviation hub.”He said: "HKTDC has been promoting the advantages of Hong Kong's eight centre priority sectors and strengthening the development of high-value supply chain services. We encourage companies to leverage our trade platforms and activities and capitalise on Hong Kong's international platform to explore global opportunities."Three major trends in the logistics service industryThis year’s ALMAC will address three major trends in the logistics service industry: supply chain diversification and market opportunities, sustainability and green energy, and innovation and technology. The global landscape is rapidly changing and supply chain management plays a pivotal role in driving long-term business development. In addition, sustainability has emerged as a paramount focus for businesses aiming to future-proof their operations while innovative technologies and digitalization, such as AI, big data, robotics and drones, offer promising solutions to improve the efficiency of global value chains.Featured speakers include Dr Shamika N. Sirimanne, Director, Division on Technology and Logistics, UN Trade & Development; Dr Erez Agmoni, Head of Innovation (Logistics & Services), Maersk; Achim Martinka, Vice President Global Airfreight- Commercial & Sustainability, DSV; Arjen van Diepen, Head of Global Strategic Planning, The HEINEKEN Company; Bjoern Neal Kirchner, Corporate Vice President Supply Chain Management, Henkel; Rebekka Carey-Smith, Head of Sustainability, THE ICONIC; Nicholas Borsotto, Head of Lenovo AI Innovators and many more.Two debut thematic sessions exploring new trade lines and green energyDisruptions in supply chains have highlighted the vulnerabilities of relying on a single supply and distribution network. To build more resilient networks, businesses are exploring new trade routes to minimise the impact of disruptions on operations and customers.To examine new trade routes and opportunities for supply chain diversification and risk mitigation, a debut panel discussion “Navigating New Trade Lines for Mitigating Disruptions” will feature speakers such as Wilson Kwong, Chief Executive, Hong Kong Air Cargo Terminals Limited; Eng. Loay Mashabi, Managing Director, Saudia Cargo; David O. King, Senior Vice President, Commercial, SEKO Logistics, Delia Sun, Global Head of Supply Chain, DKSH; and Louis Tang, Managing Director, Ocean Network Express (East Asia).The Policy Address proposed developing Hong Kong into a leading green international maritime centre. To explore long-term sustainable solutions, strategies and technologies that facilitate energy transition, this year's conference will include an inaugural “Green Energy Forum: Energy Transition towards Net Zero Emissions”, which will be hosted by Peter Thompson, East Asia Energy Business Leader, Arup. Speakers including Scott Childress, Chief Sustainability Officer, UPS; Marcella Franchi, Chief Marketing Officer and Head of SAF, Haffner Energy; Paolo Gallieri, Chief Operation Officer, Zhero; Neil McDonald, Managing Director, Gold Hydrogen Limited; Benjamin Mee, Executive Director, HyTerra Ltd.20 thematic forums and workshops over two daysTogether with forums related to the 3 major trends, ALMAC will feature some 20 thematic forums and workshops, including special sessions on air freight, shipping, supply chain management and logistics. The Global Spectrum session on the first day, Navigating Global Supply Chains for Inclusive Growth, will explore how governments and businesses can mitigate the impact of supply chain disruptions on global trade.Shippers are key stakeholders in the logistics industry, accounting for one-third of ALMAC participants last year. Speakers from international brands, including leading fashion brand THE ICONIC, electronics brand Lenovo, food and beverage brands such as MondelÄ“z International, Heineken and Henkel, and fast-moving consumer goods company Reckitt will shed light on supply chain transformation and development.ALMAC will continue to host a series of workshops this year, covering topics including e-commerce, youth development, and new subjects including Halal Logistics and sustainable fuel. Industry experts from Shell Aviation, Hong Kong Air Cargo Terminals Limited, Arup, and DKSH will provide practical, hands-on tips for participants. The debut workshop titled “Seamless Integration of Halal Logistics in the Global Halal Supply Chain” will delve into strategic approaches to the seamless integration of halal practices across the entire supply chain process, and how businesses can achieve halal compliance.Hong Kong’s NextGen Logistician Awards promotes the logistics industryThe Hong Kong’s NextGen Logistician Awards Presentation Ceremony will take place on the second day of the conference. It is a new annual award for the logistics industry advocated by the Transport and Logistics Bureau in the Action Plan on Modern Logistics Development and jointly organised by the Hong Kong Shippers' Council and the Hong Kong Logistics Association with the support of the Hong Kong Logistics Development Council and the Hong Kong Trade Development Council. It aims to recognise young talents in the logistics industry who have made significant achievements and shown remarkable potential in innovative, high-end, smart and green logistics. The Secretary for Transport, Lam Sai-hung, will attend the Ceremony.Exhibition area to feature three major air cargo terminalsALMAC will also feature some 90 exhibitors to showcase the latest supply chain management and logistics technology solutions in three exhibition zones including Logtech Salon, Supply Chain Management and Logistics Services, and Maritime and Port Services. The “Logtech Salon”, which was first held last year, showcases artificial intelligence, big data and cloud technologies applicable to the industry. Three of Hong Kong’s major air cargo terminals, Hong Kong Air Cargo Terminals, Cathay Cargo Terminal, and Asia Airfreight Terminal will participate in the exhibition, together with other leading companies such as Mitsui O.S.K. Lines, Ocean Network Express. The Hong Kong Association of Freight Forwarding and Logistics and Hong Kong Science and Technology Parks (HKSTP) will host exhibition pavilions.Business matching sessions will continue to be offered to bring together shippers and service providers to create business opportunities and promote industry development.Photo download: https://bit.ly/3Cbp2IhStephen Liang, Assistant Executive Director, HKTDC (second left); Frankie Yick, Chairman, HKTDC Logistics Services Advisory Committee and Legislative Council member (Functional Constituency - Transport) (second right); Wilson Kwong, Chief Executive, Hong Kong Air Cargo Terminals Limited (first right); and Gary Lau, Chairman, Hong Kong Association of Freight Forwarding and Logistics Limited (first left), took part in the ALMAC media briefing Media enquiriesYuan Tung Financial Relations:Agnes Yiu Tel: (852) 3428 5690 Email: ayiu@yuantung.com.hkEdmund Choi Tel: (852) 3428 2360 Email: echoi@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.orgClayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.com Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Nov 5, 2024 - (ACN Newswire via SeaPRwire.com) - Champion Real Estate Investment Trust (“Champion REIT” or the “Trust”) (Stock Code: 2778), owner of Three Garden Road and Langham Place, has achieved its second consecutive highest five-star rating, alongside receiving the prestigious titles of “Global Listed Sector Leader”, “Regional Sector Leader (Asia)”, and “Regional Listed Sector Leader (Asia)” under the “Diversified Office/Retail Sector” category in the 2024 GRESB Real Estate Assessment. This inaugural attainment of these esteemed accolades marks a significant milestone for the Trust.GRESB is a leading global sustainability benchmark within the real estate industry. In the 2024 Global Real Estate Assessment, more than 2,200 organisations took part, including over 208,000 assets in 15 sectors across 80 countries.Champion REIT demonstrated exceptional performance in this year’s GRESB assessment, achieving full points in the aspects of Leadership, Policies, Reporting and Risk Management, Targets and Building Certifications. Receiving the top honour as Sector Leader reflects the Trust’s unwavering commitment to its net-zero goal and ongoing efforts to create a smart and sustainable building environment for its tenants and visitors.The Trust also takes pride in being awarded the Grand Award of the GRESB x HERA Standing Investment Benchmark Award for Mainland China and Hong Kong at the Hong Kong ESG Reporting Awards 2024. The acknowledgement reflects the collective efforts of Champion REIT with its tenants and business partners in driving stakeholder engagement and achieving operational excellence.Ms Christina Hau, Chief Executive Officer of Champion REIT, said, “Being recognised as a Global Listed Sector Leader by GRESB and receiving the Grand Award from HERA underscores Champion REIT's leadership and efforts in sustainability. Over the years, we have been leveraging new technologies and innovative solutions to maximise our environmental performance and sustainable practices. I extend my gratitude to our team, tenants, business partners and those who have been part of this shared journey with us. Such recognitions motivate us to explore further sustainability innovations, while we remain committed to working closely with our stakeholders to foster sustainable value creation.”Champion REIT prioritises sustainability, innovation and partnerships as key focus areas. Its noteworthy accomplishments include Three Garden Road becoming Hong Kong's first "Quadruple Platinum" Grade-A office in the existing building certification category. The Trust actively fosters collaboration among stakeholders to promote sustainable development and social benefits through initiatives such as the “Champion REIT ESG Week” and the “EcoChampion Pledge Programme”.Photo caption: Champion REIT has been recognised as the “GRESB Global Listed Sector Leader”, achieving its second consecutive highest five-star ratingChampion REIT takes pride in being awarded the Grand Award of the GRESB x HERA Standing Investment Benchmark Award at the Hong Kong ESG Reporting Awards 2024 ceremonyAbout GRESBGRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 150 institutional and financial investors to inform decision-making.About Hong Kong ESG Reporting Award (HERA)HERA is organised by Hong Kong ESG Reporting Awards Limited, a registered non-profit organisation. Since 2022, HERA has partnered with GRESB to introduce two award categories, "Excellence in Real Estate" and "Excellence in Infrastructure." The two awards use information from GRESB Assessment results to determine eligible companies, based on their GRESB Score and GRESB Rating.About Champion REIT (2778)Champion Real Estate Investment Trust is a trust formed to own and invest in income-producing office and retail properties. The Trust focuses on Grade-A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. The Trust has been awarded the top five-star rating by GRESB since 2023.Website: www.championreit.com Media Enquiries:Strategic Financial Relations LimitedVicky LeeTel: 2864 4834Email: vicky.lee@sprg.com.hkCynthia NgTel: 2114 4952Email: cynthia.ng@sprg.com.hkTheresa OuyangTel: 2864 4848Email: theresa.ouyang@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
Toyota City, Japan, Nov 5, 2024 - (JCN Newswire via SeaPRwire.com) - TOYOTA GAZOO Racing completed a thrilling fightback to overcome challenges and retain its FIA World Endurance Championship (WEC) title when the 2024 season came to a dramatic conclusion in the 8 Hours of Bahrain.Starting from one-two on the grid, and knowing a win would secure the manufacturers’ title, each car led at different points, but the team entered the final stages of the race with only one car on track, down in 10th place after suffering setbacks.An incredible team effort and a dominant driving display saw Sébastien Buemi cut through the field to win the race in the #8 GR010 HYBRID he shares with Brendon Hartley and Ryo Hirakawa, securing the team’s sixth successive manufacturers’ World Championship, by six points from Porsche.The #7 GR010 HYBRID had victory in its sights when it led at half distance, but a fuel pump issue forced Mike Conway, Kamui Kobayashi and Nyck de Vries into retirement. That ended the slim drivers’ title hopes of Kamui and Nyck, who needed a win to have any chance.The chequered flag in Bahrain concluded a 2024 season which featured 72 hours of racing, at eight rounds on four continents over almost 10 months. TOYOTA GAZOO Racing’s season record stands at five podiums, including three wins, and two pole positions, earning 190 World Championship points. After an exciting year, TOYOTA GAZOO Racing congratulates new drivers’ World Champions Kévin Estre, Andre Lotterer and Laurens Vanthoor, and thanks all WEC competitors for their contribution to a memorable season.A dramatic and challenging race had started strongly for the team when Sébastien led away from pole. But after 18 minutes its hopes suffered a blow when Sébastien was hit from behind by a GT car and spun down to seventh. He recovered to fifth before Brendon took over late in the second hour.Brendon and Ryo then battled against tyre degradation on their stints but made a determined effort to keep the #8 in the top six and still in the hunt. The race turned on two safety car periods early in the second half of the race, which closed the gaps throughout the 18-strong Hypercar field.When racing resumed with just over an hour remaining, Sébastien was 10th but only 15secs from the lead, and he began an incredible fight back to revive the team’s World Championship dream. A heroic charge through the field saw him overtake several rivals to move into second after his final pit stop.With just over half an hour of the season remaining Sébastien completed a remarkable comeback drive by passing the #5 Porsche for the lead. He soon established a comfortable advantage and reached the chequered flag to win by 27.539secs for the #8 GR010 HYBRID’s second win of the season, and the team’s 10th in Bahrain.For much of the race, the #7 car had looked the most likely GR010 HYBRID to challenge for victory. Mike moved up from fourth at the end of the first lap to be in the top three when Kamui took the wheel for what would be a dramatic stint. As the sun set in the fourth hour, Kamui’s bold overtaking elevated him to second.However, the #7 was hit by a fuel pump issue which intermittently reduced performance. Drivers, engineers and mechanics looked for a solution and, initially, appeared to have succeeded when Kamui closed the gap and Nyck took the lead via a fast pit stop. But the trouble returned and the #7 slipped down the field.Considering the problem would require a lengthy repair, the team prioritised victory and the championship. It decided to retire the #7 with just over two hours to go, in order to allow its crew members to support the #8 car’s challenge, expressing their solidarity and ensuring today’s title triumph was a genuine team effort.Kamui Kobayashi (Team Principal and driver, car #7):“First of all, a big thank you for all the support we have had this season from all over the world. Winning the manufacturers’ World Championship is a great achievement and it’s the result of a huge team effort from everyone, including our Toyota colleagues and our partners, who are a big part of this success. This is the result everyone in the team wanted and they gave everything to achieve it, so thank you for all that work. Car #8 deserved the win today after an incredible race. Obviously on our car we had some issues and had to retire. We will analyse that and aim to come back even stronger next season.”Mike Conway (Driver, car #7):“It was obviously a disappointing outcome for our car. We were very strong at some points and looking good to win, then we ran into the issue which unfortunately took us out of the race. But at least car #8 won and that means we achieved our target of winning the manufacturers’ World Championship. I am very happy for the team and for Toyota, and I’m also pleased for car #8 to win the race with such a strong drive at the end. We’ll all enjoy this moment.”Nyck de Vries (Driver, car #7):“It’s great to end the season on a high for the team by winning the manufacturers’ World Championship with an amazing victory for car #8. Obviously, it’s bittersweet for our car to see our title rivals not score any points, considering we were in a winning position. Without the technical issue we had the chance to win both championships but that’s part of the game and we have to take it on the chin. Overall, I am just so happy for the team to get their reward today because they really deserve it after an eventful and challenging season.”Sébastien Buemi (Driver, car #8):“It’s crazy to think we won the race considering how it was going at some point. Against all the odds, with issues, penalties and bad luck it’s an amazing feeling for the team to win the World Championship. That was our target here and we’ve achieved it thanks to a brilliant effort from the team. When our car was down in 10th, we were going to the back of the Hypercar field during the pit stops and I thought we were done. But my team-mates did a good job hanging on with the old tyres and that meant I had a tyre advantage at the end. When it mattered today, we did a good job together and I am so pleased for the whole team.”Brendon Hartley (Driver, car #8):“I am so happy for everyone in the team and at Toyota. The race didn’t go as smoothly at the beginning as it could have done. We tried the medium tyres, but it didn’t work. Then at the end Séb did an unbelievable stint. He was the star; it was an incredible drive. Thanks to everyone in the team, at Toyota and all our partners. We really had to fight for this win and championship, so it means a lot. For our car to end the season with a victory is fantastic going into the winter break.”Ryo Hirakawa (Driver, car #8):“What a day. It was an up and down race, but we never gave up and we fought as one team. We started from pole, then got hit by a GT car but still tried our best and put everything behind Séb for a maximum push at the end. On the #8 car, we have had some difficulties this season, so I am happy to finally get a bit of luck. It’s fantastic to finish the season with a win and I am so grateful to the team, as well as to everyone at Toyota and all our partners, for their big efforts to win this manufacturers’ championship.”8 Hours of Bahrain – Result1st #8 TOYOTA GAZOO Racing 235 laps2nd #51 Ferrari AF Corse (Pier Guidi/Calado/Giovinazzi) +27.539secs3rd #5 Porsche Penske (Campbell/Christensen/Makowiecki) +29.177secs4th #93 Peugeot TotalEnergies (Jensen/Müller/Vergne) +36.799secs5th #35 Alpine Endurance Team (Chatin/Habsburg/Gounon) +37.404secs6th #15 BMW M Team WRT (Vanthoor/Marciello/Wittmann) +47.916secsDNF #7 TOYOTA GAZOO Racing Copyright 2024 JCN Newswire via SeaPRwire.com.
HONG KONG, Nov 4, 2024 - (ACN Newswire via SeaPRwire.com) - In recent weeks, both the Hong Kong and A-shares markets have experienced significant volatility. Following the U.S. Federal Reserve's larger-than-expected interest rate cut on September 19, the markets saw a strong rebound. On September 27, the People's Bank of China announced its largest economic stimulus plan since 2020, which included rate cuts, counter-cyclical monetary policy adjustments, greater-than-expected funding support, the creation of new monetary policy tools to stabilize the stock market, and the injection of approximately 1 trillion yuan (approximately US$141.82 billion) of long-term liquidity into the financial markets. These comprehensive supportive policies further boosted market enthusiasm. The Hang Seng Index in Hong Kong peaked at 23,241.74, while the A-shares market gapped up after the National Day holiday, reaching a high of 3,674.40. Both markets saw significant increases in trading volumes, indicating strong market interest.Market data shows that foreign capital inflows have been another driving force behind Hong Kong’s stock market. According to market data, since September, overseas funds have turned into net inflows for the Hong Kong stock market. From mid-September onwards, net inflows from international intermediaries reached HKD 39.6 billion, surpassing the HKD 20.5 billion in net inflows from Mainland China into Hong Kong.Following a sharp short-term rise in Chinese assets, there has been some market correction as investor sentiment cools and profit-taking ensues. However, from a long-term perspective, this correction is necessary. Rather than a speculative bull market, a more structured and gradual rally is healthier for the market and helps investors generate sustainable returns. Over a longer time horizon, the Hong Kong stock market has been undervalued in the past, combined with the liquidity provided by the Federal Reserve's subsequent interest rate cuts and a more comprehensive market turnaround driven by multiple favorable policies. The signals indicating a bottoming out of the Chinese economy are gradually becoming clearer, and the economic fundamentals are improving step by step, suggesting that there is still significant room for growth in the Hong Kong stock market. At the same time, the growth of China's economy has led to an increased demand for commodities and logistics services. In the Hong Kong stock market, there is a company that has been continuously focused on commodities and logistics services.CWT International Limited ("CWT INT'L", 0521.HK, the "Company" together with its subsidiaries the “Group”) is a public limited company incorporated in Hong Kong and its shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited. The controlling shareholder of the Group is HNA Trust Management Co., Ltd, and the resource endowment of shareholders is a major competitive advantage of the Group. In the first half of 2024, CWT had revenue of 20.276 billion HKD, an increase of 27% from previous year, and a net profit of 121 million HKD.The Group operates its business through four major segments. The logistics services segment is engaged in the provision of services including warehousing, transportation, freight forwarding, and supply chain management. The commodity marketing segment is engaged in physical trading and supply chain management of metals and minerals, mainly non-ferrous base metals such as copper, aluminum, and zinc, as well as energy products. The financial services segment is engaged in the provision of financial brokerage services, and asset management services. The engineering services segment provides engineering maintenance for facilities, vehicles and equipment fleet, and design-and-build solutions for logistics properties. The Group's two major businesses segments: logistics services and commodity marketing, constitute the Group's main source of revenue and profit. The Group continues to promote synergy among all segments, to optimize operating processes and improve supply chain efficiency.CWT originates in Singapore and remains as one of the largest warehousing and logistics service providers in Singapore. The Group continues to explore business opportunities in Greater China and Southeast Asia countries through many routes, such as establishing strategic cooperation and joint venture with local business partners. Since the initiation of the strategic cooperation with Hainan Yangpu Holding Investment in April 2024, the Group has facilitated a number of visiting delegations and exchange activities among the Group, business and industrial experts from Singapore, and local organizations in Hainan, in order to evaluate potential investment and business development opportunities in Hainan Free Trade Port. Meanwhile, on the occasion of the 50th anniversary of diplomatic relations between China and Malaysia, in May 2024, the Group signed a memorandum of understanding with a wholly-owned subsidiary of the global commodities warehousing company Access World Group, in order to extend further collaboration in the area of commodity marketing and logistics.As the Group’s footprint in Greater China and Southeast Asia continues to deepen, its relentless focus is to learn from its experience and copy the success in Singapore and other global regions, to contribute to the economic growth and sustainable development in the regions that it operates, and to create more value for the Shareholders. Looking forward, in addition to operating the business with caution, the Group will promote deeper internal synergy, continue to expand its global commercial network, and seize further growth opportunities in Greater China and other regions to maximize the shareholders’ interests and earn a brighter future. Copyright 2024 ACN Newswire via SeaPRwire.com.
TOKYO, Nov 5, 2024 - (JCN Newswire via SeaPRwire.com) - Tokyo Stock Exchange, Inc. (TSE) and Fujitsu Limited today announced the successful renewal and operational launch of the TSE's cash equity trading system "arrowhead4.0." This renewal signifies the fourth generation of arrowhead, which originally commenced operations in January 2010.1. Key pointsIn this renewal, several measures have been implemented to enhance market convenience, including an introduction of the closing auction session, a new service that distributes market information by each order, and a bulk order cancellation function for users such as institutional investors. Additionally, to maximize trading opportunities for investors and other users, trading hours have been extended and resilience has been strengthened.(1) Improving Market Convenience- Introduction of the Closing Auction SessionConsidering the increasing importance of trading at close, and with the aim of further enhancing transparency in the formation of closing prices, this iteration of arrowhead introduces a closing auction session. This session provides a five-minute order acceptance period from 3:25 p.m. in the afternoon session, followed by a closing auction at 3:30 p.m. At the closing auction, even if orders do not match according to the previous rules, they can be executed at the upper or lower limits of the executable price range if certain conditions are met, thereby improving the opportunity for the formation of closing prices (Special Execution).- Market Information Service formed as a Market by OrderMarket by Order service, which distributes market information for each order, has been launched. This new service allows users to obtain more detailed market information for each order, in addition to the aggregated market information by price that has been available up to now.- Mass CancellationTo enhance convenience for users such as institutional investors, a function has been equipped that allows the cancellation of multiple orders in bulk on a user-by-user basis.(2) Maximizing Trading Opportunities- Extension of Trading HoursIn order to maximize trading opportunities for investors and improve the convenience of the market, the closing time of TSE has been extended by 30 minutes from 3:00 p.m. to 3:30 p.m.- Enhancement of ResilienceBy triplicating trading data in memory and operating multiple servers in parallel, it is now possible to switch servers in seconds and to ensure data integrity in the event of system failures, thereby realizing safe and secure system operation. In preparation for system failures, it continues to make improvements to ensure the continuation of trading. It will also be able to ensure trading opportunities through efforts to recover the system more quickly and smoothly than ever before.2. The Highly Reliable Technology and Support behind “arrowhead4.0”System reliability and processing performance have been improved by combining Fujitsu’s latest products, including reliable and high-performance servers, and middleware incorporating new high-speed technologies, with the know-how and technical capabilities of engineers who have built systems over many years.Based on the high-quality system development process that has been built and improved through arrowhead project in the past, the following efforts have been made to further enhance reliability and stability and improve resilience.(1) Introduction of Resilience Improvement FunctionsWith Fujitsu Software Primesoft Server, ultra high-speed in-memory data management software that combines high reliability and scalability, transaction data is placed in memory to achieve high response performance from ultra high-speed data access at the microsecond (one millionth of a second) level and throughput performance is achieved by placing transaction information in memory.Furthermore, product improvements have been made to shorten failure recovery time with system reboots. In addition, a monitoring dashboard was constructed to visualize the normality of the services provided by arrowhead4.0.(2) Improvement of System Performance and ToleranceBy upgrading the infrastructure to 462 PRIMERGY RX2540 M6 (1) servers, the latest high-performance and high-reliability x86 servers from the Fujitsu Group, system performance, including capacity and throughput, has been improved, and tolerance has been enhanced.(3) Promotion of “loosely-coupled” systemsThe system log data storage for business analysis was separated from the trading core function, and built on a cloud computing platform provided by Japan Exchange Group, Inc. By loosely coupling some of the functions of data analysis and trading on the system, the reliability of market operations was improved. In addition, more flexible market data analysis is now possible.(4) Advanced Failure ResponseTSE and Fujitsu have built a unified team to respond to system failures. In the case of a system failure, the team will work quickly to identify the cause of the failure and the scope of the impact.3. About the FutureTSE and Fujitsu will continue to further develop the market by responding to changes in the market environment and diversifying investor needs, further enhancing the convenience of market users and the international competitiveness and resilience of the Tokyo market, as well as realizing safe and secure trading on the market.TrademarksAll company or product names mentioned herein are registered trademarks of their companies.[1]“PRIMERGY RX2540 M6” :Fujitsu Group's x86 servers. The PRIMERGY brand was transferred to Fsas Technologies Inc. in April 2024.About Tokyo Stock Exchange, Inc. (TSE)Tokyo Stock Exchange is licensed as a financial instruments exchange under the Financial Instruments and Exchange Act and operates financial instruments markets.The market capitalization of companies listed on the Tokyo Stock Exchange is the third largest in the world and the largest in Asia, and we have established our position as the central market in Japanese securities.Tokyo Stock Exchange is a wholly owned subsidiary of Japan Exchange Group, Inc. (Code: 8697).About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.Press ContactsTokyo Stock Exchange, Inc. IT Development Department Trading SystemTEL:+81-3-3666-0141 (representative)Fujitsu LimitedPublic and Investor Relations DivisionInquiries Copyright 2024 JCN Newswire via SeaPRwire.com.
- Order intake grew YoY in Energy Systems, Plants & Infrastructure Systems, and Logistics, Thermal & Drive Systems segments due to contributions from GTCC and Aero Engines in Energy Systems and Metals Machinery in Plants & Infrastructure Systems.- Revenue increased YoY in Energy Systems, Plants & Infrastructure Systems, and Aircraft, Defense & Space segments. Revenue growth was especially large in Aircraft & Missile Systems within Defense & Space.- Business profit showed strong YoY growth in Energy Systems, Plants & Infrastructure Systems, and Aircraft, Defense & Space segments due to positive impact of revenue increases, margin improvements, and yen depreciation.- Increased full-year order intake guidance mainly due to continued strong demand in Energy Systems segment.TOKYO, Nov 5, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI, TSE Code: 7011) announced that order intake rose 7.9% year-on-year to ¥3,383.5 billion in the half year ended September 30, 2024. Revenue rose 11.1% to ¥2,298.1 billion year-on-year, resulting in profit from business activities (business profit) of ¥188.4 billion, an 86.7% increase over the previous fiscal year, which represents a profit margin of 8.2%. Profit attributable to owners of parent (net income) was ¥107.1 billion, an increase of 16.5% year-on-year, with a profit margin of 4.7%. EBITDA was ¥266.2 billion, a 57.7% increase over 1H FY2023, with an EBITDA margin of 11.6%, up 3.4 percentage points year-on-year.(billion yen, except where otherwise stated)1H FY2024 Financial Results1H FY20231H FY2024YoYYoY%Order Intake3,137.03,383.5+246.4+7.9%Revenue2,069.22,298.1+228.8+11.1%Profit from Business ActivitiesProfit Margin100.94.9%188.48.2%+87.4+3.3 pts+86.7%-Profit Attributable to Owners of ParentProfit Margin91.94.4%107.14.7%+15.1+0.3 pts+16.5%-EBITDAEBITDA Margin168.98.2%266.211.6%+97.3+3.4 pts+57.7%-FCF-181.2-85.7+95.5-(billion yen, except where otherwise stated)1H FY2024 Financial Results by SegmentOrder IntakeRevenueBusiness Profit1HFY2024YoY1HFY2024YoY1HFY2024YoYEnergy Systems (Energy)1,306.7+225.6832.1+71.2103.2+61.5Plants & Infrastructure Systems (P&I)599.4+176.6379.1+12.128.1+12.0Logistics, Thermal & Drive Systems (LT&D)657.6+7.6632.8-0.526.9-9.7Aircraft, Defense & Space (ADS)802.1-197.2431.7+112.744.0+16.5Others, Corporate & Eliminations (OC&E)17.5+33.822.2+33.2-13.8+7.1Total3,383.5+246.42,298.1+228.8188.4+87.4In Energy, order intake increased by ¥225.6 billion YoY as Gas Turbine Combined Cycle (GTCC) and Aero Engines continued to see strong demand. Contracts for nine large frame gas turbine units were concluded in the first half, with the largest YoY growth seen in the Americas. Revenue increased by ¥71.2 billion YoY mainly from large volume in Aero Engines and steady project execution in GTCC and Nuclear Power. Margin improvements in GTCC and Steam Power, together with higher revenue and a rebound from 1H FY2023 one-time expenses in Aero Engines, as well as stable performance in Nuclear Power served to increase segment business profit by ¥61.5 billion YoY.In P&I, order intake was up ¥176.6 billion YoY due to strength in Metals Machinery, Machinery Systems, and Waste-to-Energy Systems. Revenue grew by ¥12.1 billion as Metals Machinery continued to work through its extensive backlog. Margin improvements in Engineering and Machinery Systems, combined with increased revenue in Metals Machinery helped to raise segment business profit by ¥12.0 billion YoY.In LT&D, revenue was down ¥0.5 billion YoY due to fewer unit deliveries in Logistics Systems. This issue, combined with additional costs caused by supply chain disruption in Turbochargers resulted in a ¥9.7 billion decline in segment business profit.In ADS, order intake decreased by ¥197.2 billion YoY in response to extremely large orders volume in 1H FY2023 in Defense & Space. Revenue was up ¥112.7 billion YoY mainly due to growth in Aircraft & Missile Systems in Defense & Space. Higher unit deliveries and positive impact from the depreciation of the yen in Commercial Aircraft also served to increase revenue. The factors affecting revenue also served to raise segment business profit by ¥16.5 billion YoY. FY2024 Earnings ForecastMHI revised its guidance for the period ending March 31, 2025, increasing the target for order intake by ¥200 billion over the previous announcement made August 6, 2024. This was in response to steady progress mainly in Energy. Totals for all other financial indicators remained unchanged, while business profit targets for Energy, P&I, and LT&D were updated.(billion yen, except where otherwise stated)FY2024 Earnings ForecastFY2023ActualFY2024Forecast(Previous)FY2024Forecast(Revised)Revised vs.PreviousOrder Intake6,684.05,800.06,000.0+200.0Revenue4,657.14,900.04,900.0-Profit from Business ActivitiesProfit Margin282.56.1%350.07.1%350.07.1%--Profit Attributable to Owners of ParentProfit Margin222.04.8%230.04.7%230.04.7%--ROE11.1%10%10%-EBITDAEBITDA Margin432.69.3%500.010.2%500.010.2%--FCF200.1-100.0-100.0-Dividends20 yen(Note)22 yen22 yen-FY2023 Actual dividends (¥200/share) shown here adjusted retroactively to 1/10 of original value to reflect the 10-for-1 stock split effective April 1, 2024. (billion yen, except where otherwise stated)FY2024 EarningsForecast by SegmentOrder IntakeRevenueBusiness ProfitPreviousRevisedPreviousRevisedPreviousRevisedEnergy1,850.02,000.01,750.01,750.0170.0180.0P&I900.0900.0800.0800.030.040.0LT&D1,350.01,350.01,350.01,350.080.060.0ADS1,700.01,700.0950.0950.080.080.0OC&E0.050.050.050.0-10.0-10.0Total5,800.06,000.04,900.04,900.0350.0350.0CFO Message"In the first half of this fiscal year, MHI continued the strong growth trend started in the first quarter, with order intake, revenue, business profit, and net income all up year-on-year," Hisato Kozawa, MHI Chief Financial Officer commented. Kozawa continued, "In terms of order intake, GTCC and Aero Engines in Energy, and Metals Machinery in P&I were stand-outs, enabling YoY orders growth despite the extremely high level achieved during the same period last year in Defense & Space. Revenue was up mainly in Energy and ADS as these segments steadily executed on their large order backlogs. These revenue increases, combined with margin improvements and depreciation of the yen helped us to greatly increase progress toward our business profit guidance of ¥350 billion.""Based on our results through September of this year, especially in Energy, we have increased our full-year order intake guidance by ¥200 billion," Kozawa went on. "We have also updated the business profit forecast for three of our segments in order to reflect the faster progress seen in Energy and P&I, and the slightly lagging performance in LT&D. All other targets have been restated. Looking forward to the remaining two quarters, we aim to outperform current business profit guidance by continuing the strong trends from the first half while effectively controlling one-time expenses."Attachment 1: 1H FY2024 Financial ResultsFinancial Results (444 KB)Attachment 2: Presentation Materials of Financial ResultsPresentation Materials (888 KB)Downloadable PDF of this press releasePress Release (168 KB) Note regarding forward looking statements:Forecasts regarding future performance outlined in these materials are based on judgments made in accordance with information available at the time they were prepared. As such, these projections include risk and uncertainty. Investors are recommended not to depend solely on these projections when making investment decisions. Actual results may vary significantly from these projections due to a number of factors, including, but not limited to, economic trends affecting the Company's operating environment, fluctuations in the value of the Japanese yen to the U.S. dollar and other foreign currencies, and trends in Japan's stock markets. The results projected here should not be construed in any way as a guarantee by the Company.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
KUALA LUMPUR, MALAYSIA - Mogul Works Asia ("MWA"), a leading integrated marketing and talent solutions company in Southeast Asia, is proud to announce the renewal of its learning and development contracts with some of Malaysia's most renowned institutions. This marks a continuation of Mogul Works Asia's efforts to support local upskilling programs as part of the nation's strategy to cultivate a highly skilled and adaptable workforce.
The renewed partnerships emphasize Mogul Works Asia's commitment to delivering high-quality learning and development solutions that cater to the needs of Malaysia's evolving economic landscape. Among the organizations that have extended their collaboration with Mogul Works are banks, leading investment foundations, all of which are integral to Malaysia's growth plans.
The founders of Mogul Works Asia, Mr. Lee John Salmon and Tunku Eddy Nasruan Adil, commented: "We are honored to continue our partnerships with these distinguished institutions. Our mission is to help build great people and companies here in Malaysia. We recognize the demand for Malaysian talent globally and aim to provide world-class training and opportunities to encourage that talent to develop within Malaysia."
Over the years, Mogul Works Asia has focused on enabling these institutions and their diverse workforces to contribute meaningfully to both national development and regional and global competitiveness. This ongoing commitment positions the company as a key player in the talent development and marketing sectors, contributing to Malaysia's broader goal of establishing itself as a business hub in Southeast Asia.
The renewal of these contracts not only strengthens Mogul Works Asia's foothold in the industry but also reflects the growing demand for trusted partners in learning and development, marketing, and employer branding. While specific contract details cannot be disclosed, standard project sizes for Mogul Works Asia range from USD 30,000 to over USD 1 million.
Mogul Works Asia continues to support organizations in achieving their growth ambitions by combining specialized talent development, recruitment tools, and marketing expertise. With a focus on democratizing quality education, the company strives to build market leaders and enable more companies to grow their businesses in Malaysia. This is in line with Malaysia's goal of attracting, retaining, and cultivating talent within a rapidly evolving economy.
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SINGAPORE, Nov 5, 2024 - (ACN Newswire via SeaPRwire.com) - As policy, regulatory, and market forces create new sustainability and operational considerations in business, the Asia-Pacific region is at the cusp of change. As the cornerstone of global textile and garment manufacturing, it is brimming with companies trying new things and coping with the new demands of a changing world.Taking place from 13 to 15 November 2024 at the Sands Expo and Convention Centre in Singapore, the Asia-Pacific Textile and Apparel Supply Chain Expo & Summit (APTEXPO 2024) will bring industry leaders, stakeholders, and innovators together to share best practices and explore solutions that will propel the region's textile and apparel supply chain forward.The event is jointly organised by MP Singapore and The Sub-Council of Textile Industry, CCPIT (CCPIT TEX), and hosted in Singapore by the Singapore Fashion Council.In line with this year’s theme, "Re-engineering towards a Resilient, Adaptive and Sustainable Supply Chain", APTEXPO 2024 will see over 20 leaders and experts such as Kristen Nuttall, Head of Programs, The Fashion Pact, and Jonas Wand, Chief Executive Officer and Co-founder, FOURSOURCE, take to the stage to discuss challenges and opportunities faced by global supply chains and explore different ideas in digitalisation, sustainability and risk resilience.Highlights of APTEXPO 2024 include:Global perspective: Representatives of key global brands, heads of manufacturing chain enterprises, and executives of fintech companies will engage in in-depth discussions on topics such as supply chain security trends and opportunities for regional trade and investment.Frontier Technology & Digitalisation: Showcase cutting-edge technologies and solutions to promote innovation, development, operational efficiency, cost and resource optimisation in the textile and apparel industry.Cross-border trade: Utilising global e-commerce platforms to build a new network enabling cross-border trade between the Asia-Pacific region and the global market. APTEXPO also aims to provide a channel for international organisations and brands seeking to penetrate key markets like ASEAN and China.Green procurement: Key discussions and showcases on sustainable manufacturing and a green supply chain.The summit will also feature special investment briefing sessions on the Asia-Pacific Textile Industrial Park to provide participants with greater insights into promotional and investment opportunities.“We are pleased to be playing an important role in supporting long-term, purpose-led value creation in fashion and its supply chains. APTEXPO 2024 is set to encourage much needed conversation, insight-gathering and collaboration for companies navigating the opportunities of this new, changing landscape,” said Sharon Lim, President, Singapore Fashion Council.Over 300 delegates from key brands, large chain retailers, regional and international designers, trading companies, policymakers, and technology providers from around the world are expected to attend the accompanying thought-leader summit.“Looking at the numerous registrations and interest that have come from over 30 economies, we have been so encouraged to see the market interest in APTEXPO 2024. The idea of an event that brings together the whole ecosystem from garment and textile manufacturers, to warehousing and transportation, distribution and sales, including e-commerce platforms, financing solutions and more, seems to echo the buyers’ sentiments for such a turnkey platform," said Jason Ng, Managing Director, MP Singapore.APTEXPO 2024 is supported by the ASEAN Federation of Textile Industries (AFTEX) and the China National Textile and Apparel Council (CNTAC) and co-organised by MP Singapore Pte Ltd and The Sub-Council of Textile Industry, CCPIT (CCPIT TEX). The Singapore Fashion Council (SFC) is the host association in Singapore, while FOURSOURCE, as the special digital partner, is managing the digital aspect of the event.For more information on APTEXPO 2024, please visit ap-texpo.comHashtag: #aptexpohttps://ap-texpo.com/https://www.linkedin.com/company/aptexpo-2024https://www.facebook.com/aptexpo2024/About AFTEXASEAN Federation of Textile Industries (AFTEX) was established in 1978 with the objective to promote common trade position and cooperation among textile and apparel industry in ASEAN member countries in line with the objective of the ASEAN Chamber of Commerce and Industry (ASEAN-CCI).Every year, AFTEX hold its regular meetings plus side events on a rotational basis among member countries to discuss concrete issues of significant relevance to the regional growth and development of the textile and apparel industry, ranging from ASEAN trade linkages to workforce development, from trade fairs & investment promotion to sustainability issue, from regional cooperation to broader partnerships, and more.About CNTACChina National Textile and Apparel Council (CNTAC) is a national federation serving China's textile and apparel industry and enterprises. As a non-profit social organisation dedicated to the high-quality development of industry and enterprises, the services of CNTAC cover the entire textile industrial chain including cotton, linen, wool, silk, knitting, man-made fiber, printing and dyeing, filament fabric, home textiles, industrial textiles, clothing and textile machinery.The wide-ranging services involve areas such as R&D, standards setting, technology transfer, application of information technology, environmental protection, sustainability, inspection and testing, new products, fashion designing, branding, social responsibility, intangible heritage, marketing, trade fairs, industrial layout, industrial clusters, overseas investment, international exchanges, industry- finance integration, training programs and publication.About SFCSingapore Fashion Council (SFC) - formerly known as Textile and Fashion Federation (Singapore) is the official association for the textile and fashion industry in Singapore. Embracing a transformative vision, SFC aspires to become a Vibrant Asian Hub for Responsible Fashion.With a focus on three key pillars: Sustainability, Innovation & Technology and Asian Craftsmanship, SFC works closely with diverse partners across the value chain to offer thought leadership, extensive networks, and resources - to drive impactful change throughout the ecosystem.About MP SingaporeThe MP Group (MP) is a global full-service events management, marketing and community engagement company.Established since 1987, MP embodies more than a quarter century of event building, marketing and management experience in both Eastern and Western cultures, practices, and business philosophies. We bring world-class talent, industry expertise, and incredible enthusiasm into the design and management of extraordinary online-to-offline experiences for your organisation.MP is part of Pico Group, a global group of agencies specialising in engaging people, creating experiences and activating brands for businesses, institutions and governments. As part of the Pico group, MP has unlimited access to a wide network of industry contacts and resources. Pico Far East Holdings has been listed on the Hong Kong Stock Exchange since 1992.About CCPIT TEXThe Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX) was officially established in 1988. Three decades after its establishment, CCPIT TEX has gradually developed into an excellent organiser for professional exhibitions in China's textile and apparel industry.Independently or along with its partners, CCPIT TEX has organised a series of world-renowned exhibitions which cover the entire textile and garment industry both at home and abroad, including but not limited to Intertextile shanghai apparel fabrics, Intertextile shanghai home textiles, ITMA ASIA + CITME and CINTE.About FOURSOURCEFOURSOURCE, is one of the world's largest tech-enabled B2B apparel and textile networks, connecting over 50,000 companies across 120 countries, facilitating the buying and selling of apparel, fabrics, trims, yarns, and home textiles. The network provides professional tools for brands and suppliers to speed-up their cycle time and reduce cost.FOURSOURCE is dedicated to making the industry smarter, safer, more transparent, and sustainable. The company was founded in 2017 and is headquartered in Berlin, Germany, with offices in Portugal, Turkey, Pakistan and China.Media ContactPRecious Communicationsaptexpo@preciouscomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.
TOKYO, Nov 5, 2024 - (JCN Newswire via SeaPRwire.com) - Eisai Co., Ltd. and Eisai’s corporate venture capital subsidiary, Eisai Innovation, Inc. announced today that Eisai Innovation,Inc. has been selected as a registered venture capital (Registered VC) of the Strengthening Program for Pharmaceutical Startup Ecosystem implemented by the Japan Agency for Medical Research and Development (AMED).To address the shortage of large-scale funding necessary for new drug development, this program provides subsidies to pharmaceutical startups for development and commercialization. This support is contingent upon startups securing funding from AMED-registered venture capital firms, which specialize in drug development and offer hands-on business management and commercialization support.The Eisai global network of affiliated companies (the “Eisai Group”) launched its venture investment business in May 2019, aiming to support the acceleration of drug discovery innovation and the establishment of an ecosystem platform in areas includingdementia. This involves supporting the discovery of innovative technologies and services by supporting venture businesses with such capabilities and exploring possible future collaborations with these businesses. Eisai Innovation, Inc. was established in theU.S. in August 2019 as Eisai’s corporate venture capital subsidiary. It identifies opportunities for the Eisai Group to invest in venture businesses that align with Eisai’s goal of contributing to patients, focusing on cutting-edge drug discovery platforms, andnew modalities, as well as leading biotechnology in focus areas of neurology, oncology, and global health. The company also supports investment in drug discovery technologies in other areas, where significant future innovations are anticipated. As anAMED-registered VC, Eisai Innovation, Inc. aims to further contribute to strengthening the drug discovery venture ecosystem in Japan.Eisai and Eisai Innovation, Inc. are committed to utilizing their participation in the Strengthening Program for PharmaceuticalStartup Ecosystem to accelerate flexible support of academia, drug discovery ventures, and IT ventures, to create innovative new medicines targeting diseases with high unmet medical needs., Eisai aims to effectively achieve social good in the form of relievinganxiety over health and reducing health disparities by creating solutions through an ecosystem in collaboration with other industries.*Please refer to following web page for Eisai’s venture investment businesswww.eisai.com/innovation/cvc/index.html https://www.eisaiinnovation.com/MEDIA CONTACTSEisai Co., Ltd.Public Relations Department TEL : +81 (0)3-3817-5120Eisai Innovation, Inc. https://www.eisaiinnovation.com/ Copyright 2024 JCN Newswire via SeaPRwire.com.
SAN DIEGO, CA, Nov 5, 2024 - (ACN Newswire via SeaPRwire.com) - Source Intelligence has evolved with C-Map, a next-generation software as a service (SaaS) platform that empowers enterprises to manage compliance and sustainability with greater efficiency. Designed to address the increasing complexities of today's regulatory landscape, this powerful platform combines robust automation capabilities, Artificial Intelligence (AI), and in-house regulatory expertise to help companies tackle increasing compliance demands and mitigate emerging risks.Source IntelligenceSource Intelligence's logo and tagline - "Trust Your Source"With regulations evolving faster than ever, compliance teams often struggle with limited resources. Collecting supplier data, responding to documentation requests, and keeping up with shifting requirements create considerable challenges. C-Map reduces manual effort, streamlines workflows, and equips businesses with tools to mitigate risk. These efficiencies translate into tangible outcomes, including:Rapid risk identification: AI capabilities improve data quality and deliver insights into key risk areas faster. This offers companies better visibility and a stronger return on investment.Enhanced risk mitigation through precise data collection: Expert-designed templates and assessments help standardize data collection. This allows teams to make informed decisions and address potential risks before they escalate.Seamless data access with integrated compliance tools: A world-class database integrates with ERP, PLM, and warehousing systems. These integrations enable seamless data exchange, automate compliance checks, and offer real-time visibility into supply chain activities.Increased efficiency through streamlined workflows: Automated workflows ease internal workloads, enabling businesses to manage compliance and sustainability without relying on consulting or manual labor.Faster customer request fulfillment: Automated report and declaration generation reduces manual work. This helps companies respond to customer requests quickly and meet demand effectively.Together, these outcomes empower businesses to reduce risk, enhance efficiency, and maintain control over compliance in a dynamic regulatory environment."C-Map represents a significant step forward for Source Intelligence," said Mike Flynn, Chief Product Officer of Source Intelligence. "We recognized that the only way to help businesses tackle increasingly complex regulations was to deliver a platform that offers scalability, flexibility, and automation. Our software is trusted by some of the world's largest and most sophisticated companies to manage compliance at the highest levels, proving its reliability and impact."With enhanced visibility and control over compliance tasks, businesses across industries - including electronics, medical devices, and industrial manufacturing - can confidently navigate evolving regulations. C-Map offers the flexibility to be self-managed or paired with managed services for additional support. Interested organizations are invited to schedule a demo and experience the platform firsthand.About Source IntelligenceSource Intelligence simplifies compliance, sustainability, and ESG management through scalable SaaS solutions and managed services, configurable to meet the unique needs of any enterprise. For more information, please visit www.sourceintelligence.com.Contact InformationAmanda LindbergDirector of Marketingamanda.lindberg@sourceintel.comSOURCE: Source Intelligence Copyright 2024 ACN Newswire via SeaPRwire.com.
MIAMI BEACH, FL, Nov 4, 2024 - (ACN Newswire via SeaPRwire.com) - LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, is pleased to announce significant revenue growth for October 2024, including a 424.58% year-over-year increase compared to October 2023 and a notable month-over-month increase in 8% from September 2024 to October 2024.In October 2023, LQR House generated $45,400 in revenue. For September 2024, the Company's revenue reached $238,159.57, highlighting the positive momentum driven by strategic partnerships and platform sales. Since going public in August 2023, LQR House has prioritized building sustainable partnerships, adding new marketing contracts monthly. These partnerships have become a steady source of recurring revenue, with clients engaging LQR House's proprietary marketing services to drive brand awareness and sales on CWSpirits.com.Sean Dollinger, CEO of LQR House, commented, "I'm not sure everyone realizes just how valuable these partnerships are-they're monthly recurring revenue from brands paying for our marketing services, including banner ads, email campaigns, and influencer content. Each of these drives traffic and sales on CWSpirits.com, which we own. We're incredibly proud of each new partner that trusts us with their brand's growth, and we believe that October's results are a testament to the platform's strength. Not only is revenue up year-over-year, but we also saw an increase from September to October 2024, showcasing our commitment to growth and delivering results."LQR House's continues focusing on strategic partnerships and expanding its product offerings aiming for sustained growth within the competitive spirits and beverage market.About LQR House Inc.LQR House intends to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform seamlessly delivers a diverse range of emerging, premium, and luxury spirits, wines, and champagnes from esteemed retail partners like Country Wine & Spirits. Functioning as a technology-driven hub, LQR House utilizes software, data analytics, and artificial intelligence to elevate the consumer experience. CWSpirits.com stands out as the go-to destination for modern, convenience-oriented shoppers, providing a curated selection of alcohol products delivered to homes across the United States. Beyond its role in an e-commerce sector, LQR House is a marketing agency with a specialized focus on the alcohol industry. The Company measures campaign success by directly correlating it with sales on CWSpirits.com, demonstrating a return on investment. Backed by an influential network of over 550 figures in the alcohol space, LQR House strategically drives traffic to CWSpirits.com, enhancing brand visibility. LQR House intends to disrupt the traditional landscape of the alcohol industry, driven by its dedication to providing an unparalleled online purchasing experience and delivering tailored marketing solutions.Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Shareholders can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. Forward-looking statements contained in this press release are made only as of the date of this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the United States Securities and Exchange Commission (the "SEC"). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the headings "Risk Factors". Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.Investor and Media Contact:info@lqrhouse.comContact InformationSean DollingerCEOinfo@lqrhouse.comSOURCE: LQR House Copyright 2024 ACN Newswire via SeaPRwire.com.