Monday, December 31, 2018

United States Investing Championship Update

LOS ANGELES-Saturday 29 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- As the United States Investing Championship gets set to restart on December 31, 2018, a surprising number of the entrants are coming from overseas.

Perhaps that is because of the recent steep drop in U.S. markets. The other interesting fact is that a significant number of the participants appear to be followers of Mark Minervini, a former United States Investing Championship winner.

The United States Investing Championship previously ran from 1983 to 1993. It attracted such legendary traders as Paul Tudor Jones, Louis Bacon, Dr. Edward O. Thorpe, Mark Strome, Mark Minervini, David Ryan, Doug Kass, Sheen Kassouf, Marty Schwartz, Frankie Joe, Tom Basso, Cedd Moses, Gil Blake, Robert Prechter, Jr., and Bruno Combier.

Each participant must specify a real account number for an account of $20,000 or more, on or before December 31, 2018. If the participant does well, they submit copies of their brokerage statements at the end of each quarter. There is also a competition for accounts of $1 million or more, called Money Manager Verified Ratings. Top performers will be separated into different divisions based on the volatility of their accounts. The one-time entry fee for the United States Investing Championship is $350, while the one-time entry fee for Money Manager Verified Ratings is $1,000.

Prior top finishers have been covered in virtually every financial publication, from the Wall Street Journal and Barron’s, to Forbes, Money, and Fortune, to the New York Times, USA Today, and Investors’ Business Daily, to foreign newspapers such as “Le Figaro,” to books such as Jack Schwager’s “Market Wizards.”

To enter, the participant should go to the website financial-competitions.com, and sign up. That site has a link which shows some of the previous press coverage. The competition is run by Dr. Norman Zadeh, a former Stanford professor and son of Lotfi Zadeh, the creator of fuzzy logic.

This competition is primarily for up and coming traders who wish to establish a proven track record. Other than the modest entry fee, there is no downside. Negative performances are not published. If the participant does well, they are likely to receive substantial notoriety, along with the financial benefit that normally comes from such notoriety.

For more information, contact Dr. Norman Zadeh at norman@financial-competitions.com, or 310-409-7193, or 310-476-0700.



Contacts

United States Investing Championship
Dr. Norman Zadeh
310-409-7193 or 310-476-0700
norman@financial-competitions.com


Permalink : https://www.aetoswire.com/news/united-states-investing-championship-update/en

Saturday, December 29, 2018

AURAK Rocks Out with AFCENT

Ras Al Khaimah, United Arab Emirates-Tuesday 25 December 2018 [ AETOS Wire ]

The United States Consulate in the United Arab Emirates sponsored an event for the enjoyment of faculty, staff, students, and the entire Ras Al Khaimah community, a performance of the United States Air Force Central Command (AFCENT) Band at the American University of Ras Al Khaimah (AURAK).

AURAK students, faculty, staff, and the Ras Al Khaimah community all met out on the University green to blow off pre-finals stress, dancing the afternoon away to the musical talents of the AFCENT band. The band travels the world representing American culture through their musical talents, covering American songs from various genres including pop, rock, country, jazz, and even traditional American Christmas songs. Students, faculty, and the Ras Al Khaimah community, joined together on the stage and created dancing lines, showing off their best dance moves to share in one last AURAK celebration before finals and before going home for Winter Break.

Christine Dal Bello, Public Affairs Officer of the United States Consulate said, “It was a distinct pleasure for the U.S. Consulate General to work with the AFCENT Band and be able to bring American music to AURAK.  We are so grateful for the amazing hospitality and incredibly warm welcome that the band received. Witnessing the enthusiasm of the students at the concert, as well as the academic prowess of the AURAK engineering students when I visited the Solar Decathlon, was very inspiring and I am thankful to AURAK leadership, faculty, staff, and students.”

AURAK President, Professor. Hassan Hamdan Al Alkim, was appreciative of the US Consulate’s generosity in arranging the concert for the students, faculty, and staff. He looks forward to many future collaborations.

AURAK is a nonprofit, government-owned institution of higher education which provides the local, regional and international communities with a North American-style education integrated with Arabic customs and traditions. AURAK is licensed by the Ministry of Education in the United Arab Emirates and has been accredited in the United States of America by Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) since December 2018. AURAK offers a total of 22 accredited undergraduate and graduate programs across a wide range of disciplines.


Contacts

American University of Ras Al Khaimah

Jessica Zani, Department of Communications and Public Relations

+97172210900 Ext: 1325

jessica.zani@aurak.ac.ae


Permalink : https://www.aetoswire.com/news/aurak-rocks-out-with-afcent/en

Friday, December 28, 2018

Verdicts Against Huawei and ZTE Enforced in Germany



DENVER-Friday 28 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- MPEG LA announced today that patent holders in MPEG LA’s AVC/H.264 Patent Portfolio License have enforced verdicts of injunction in German District court (“Landgericht Dusseldorf”) cases finding that Huawei Deutschland GmbH (“Huawei”) and ZTE Deutschland GmbH ("ZTE") infringed patents by their use in mobile phones that implement the AVC/H.264 (MPEG-4 Part 10) Standard.

See http://www.mpegla.com/Lists/MPEG%20LA%20Legal%20Action%20List/Attachments/61/FINAL%20Huawei%20ZTE%20Infringement%20PrsRls%202018-11-16.pdf.

Against Huawei the case 4a O 17/17 (EP 1 773 067/Appeal case no. I-15 U 73/18) has been enforced.

Against ZTE the case 4b O 5/17 (EP 1 750 451/Appeal case no. I-2 U 76/18) has been enforced.

In both cases the Court of Appeals (“Oberlandesgericht Dusseldorf”) has dismissed Huawei’s and ZTE’s requests for an immediate stay of the enforcement while the cases are under appeal.

As a result, Huawei and ZTE must cease and desist from offering in Germany AVC/H.264 compliant devices such as smartphones and tablets that use the enforced patents. In addition, all such products in their possession or the possession of third parties must be recalled and destroyed.

“Although the failure to be licensed has made these enforcements necessary, taking a license under the AVC patents would easily remedy it, and we continue to welcome Huawei and ZTE to do so,” said Larry Horn, President and CEO of MPEG LA.

Validity cases related to the patents in suit are pending before the Federal Patent Court in Munich, Germany (“Bundespatentgericht”).

A team led by Axel Verhauwen of Krieger Mes & Graf v. der Groeben and Gottfried Schüll of Cohausz & Florack represented the plaintiffs.

MPEG LA, LLC

MPEG LA is the world’s leading provider of one-stop licenses for standards and other technology platforms. Starting in the 1990s, it pioneered the modern-day patent pool helping to produce the most widely used standards in consumer electronics history. MPEG LA has operated licensing programs for a variety of technologies consisting of nearly 20,000 patents in 90 countries with more than 250 patent holders and more than 6,000 licensees. Approximately 2,000 licensees enjoy the worldwide one-stop coverage of MPEG LA’s AVC Patent Portfolio License under essential patents owned by 38 patent holders. By assisting users with implementation of their technology choices, MPEG LA offers licensing solutions that provide access to fundamental intellectual property, freedom to operate, reduced litigation risk and predictability in the business planning process. For more information, go to www.mpegla.com.





View source version on businesswire.com: https://www.businesswire.com/news/home/20181227005324/en/

Contacts

MPEG LA, LLC
Tom O’Reilly
303.200.1710
toreilly@mpegla.com



Permalink : https://www.aetoswire.com/news/verdicts-against-huawei-and-zte-enforced-in-germany/en

Velodyne Lidar Announces Collaboration with Nikon in Technology Development and Manufacturing

Velodyne Adds Nikon Corporation as a Strategic Investor

SAN JOSE, Calif.-Sunday 23 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- Velodyne Lidar, Inc. (Velodyne), the inventor and leader of the lidar sensor industry for autonomous vehicles (AV), today announced Nikon Corporation (Nikon) as a new strategic investor with an investment of $25M. The parties further announced they have begun discussions for a multifaceted business alliance. Nikon is one of the world's leading suppliers of products and solutions based on advanced opto-electronics and precision technologies.

Aiming to combine Nikon’s optical and precision technologies with Velodyne’s sensor technology, both companies have begun investigating a wide-ranging business relationship, including collaboration in technology development and manufacturing.

Velodyne believes the relationship will advance the timeline for manufacturing and mass production of lidar for the autonomous and advanced safety global market. The companies share a futuristic vision of advanced perception technology for a wide range of applications including robotics, mapping, security, shuttles, drones, and safety on roadways.

“Velodyne is creating a network of powerful alliances supporting the global autonomous vehicle industry,” said David Hall, Velodyne Lidar’s Founder and CEO. “One hundred years ago, optics and camera technologies like Nikon’s helped people to see better. Now, the basis of those technologies is helping computers see.”

About Velodyne Lidar, Inc.

Velodyne provides the smartest, most powerful lidar solutions for autonomy and driver assistance. Founded in 1983 and headquartered in San Jose, Calif., Velodyne is known worldwide for its portfolio of breakthrough lidar sensor technologies. In 2005, Velodyne’s Founder and CEO, David Hall, invented real-time surround view lidar systems, revolutionizing perception and autonomy for automotive, new mobility, mapping, robotics, and security. Velodyne’s high-performance product line includes a broad range of sensing solutions, including the cost-effective Puck™, the versatile Ultra Puck™, the perfect for L4-L5 autonomy Alpha Puck™, and the directional view Velarray™. For more information, visit http://www.velodynelidar.com.

About Nikon Corporation

Nikon Corporation has been a pioneer in optical technology markets worldwide since its inception in 1917. Today, Nikon offers a wide range of products utilizing advanced technologies, from consumer products such as digital cameras, camera-related products and binoculars to industrial precision equipment including FPD and Semiconductor Lithography Systems, microscopes and measuring instruments. In the future, Nikon will take advantage of its core competencies for launching new products and also proposing solutions. In addition, Nikon focuses on the development of the healthcare business field.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181220006016/en/

Contacts
Sean Dowdall, 415-286-7121
velodyne@landispr.com


Permalink : https://www.aetoswire.com/news/velodyne-lidar-announces-collaboration-with-nikon-in-technology-development-and-manufacturing/en


Thursday, December 27, 2018

The Heritage Village at the Janadria Festival Attracts Tens of Thousands of Saudi Families

More than 70 Folk Activities for Audience from 15 Emirates and Governorates;


Riyadh, Saudi Arabia, -Thursday 27 December 2018 [ AETOS Wire ]

Tens of thousands of visitors have visited the National Festival of Heritage and Culture, the 33rd Edition of Janadria, organized by the Ministry of National Guard under the slogan ‘Faithfulness and Loyalty.’ The heritage village at the festival as well as the shows of the folk groups from various regions of Saudi Arabia and some of the Arabian Gulf countries are extremely popular and have become a milestone in the most beautiful elements of the tangible and intangible cultural heritage of the Kingdom of Saudi Arabia.

       

Janadria is the largest cultural festival in Saudi Arabia and the largest event of its kind in the world that is being held for 21 days during the period from 20th December 2018 to 9th January 2019 as part of efforts to intensify attention to the Saudi heritage and regional and international visibility. In addition, it promotes a dialogue of cultures and civilizations between nations and people.

The roads leading to the festival are witnessing smooth traffic movement despite the big crowds, thanks to the willingness and readiness of the festival management in cooperation with the relevant authorities to organize traffic and parking for visitors.       

The heritage village at Janadria is attracting thousands of families from different age groups due to its cultural heritage activities that are enjoyable in addition to the artisans who are spread throughout the festival area, especially in the folk market. The visitors learn through workshops and heritage activities the beautiful past of their ancestors and fathers, and at the same time explore the renaissance and development of the Kingdom under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Highness the Crown Prince Mohammed bin Salman bin Abdulaziz.

The festival works to provide all comforts for visitors so they can enjoy the various activities and provide various services and benefits that visitors require over long hours of their visit.                                           

‏The National Festival of Heritage and Culture offers for heritage lovers a unique application through smart devices which includes a complete definition of the Janadria Festival, a map of the stands and elements of the festival, activities and updated news of the festival on a daily basis.

The folk groups programme is one of the most important pillars of the festival and there are more than 700 people that reflect the folk heritage, customs and traditions of all regions of Saudi Arabia and the GCC countries of UAE, Bahrain and Oman. The Saudi teams offer more than 70 distinctive types of heritage activities that reflect the original cultural of the different regions of the Kingdom from 15 governorates.




Contacts

Reham Barakat

Pyramedia

Reham.barakat@pyramedia.biz

00971508228604




Permalink : https://www.aetoswire.com/news/the-heritage-village-at-the-janadria-festival-attracts-tens-of-thousands-of-saudi-families/en

NEC Acquires the Largest Danish IT Company, KMD



TOKYO-Thursday 27 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- NEC Corporation (NEC)(TOKYO:6701) today announced the acquisition of KMD Holding ApS, the holding company of KMD A/S (KMD), the largest Danish IT company. NEC is acquiring KMD for approximately 8 billion Danish Kroner (DKK) from Advent International, one of the world’s largest and most experienced private equity investors. The acquisition is expected to be completed by the end of February 2019.

NEC is a leader in the integration of IT and network technologies that benefit businesses and people around the world. This acquisition will accelerate NEC’s global safety business, which it has positioned as a growth engine in its three-year medium-term management plan, the "Mid-term Management Plan 2020,” and is promoting a shift towards service businesses that utilize horizontally deployable platforms. NEC is also expanding its business domain through the utilization of its advanced biometrics and artificial intelligence (AI) technologies to develop areas that include public safety, digital government and smart transportation. These initiatives are being implemented under the "NEC Safer Cities" program, which supports the realization of safe, secure, efficient and equal cities.

KMD mainly provides software and IT services in Denmark through business models that generate profit continuously on a recurring basis, such as software as a service (SaaS) offerings. Specifically, KMD has a strong customer base among central and local governments and has a wide variety of software for supporting the digitization of Denmark, which is the top ranking country in the "UN E-Government Survey 2018," announced by the United Nations Department of Economic and Social Affairs. In addition, KMD has a successful track record of executing strategic M&A which has broadened its service offering in a number of key verticals.

“Denmark and the United Kingdom are considered European role models for the implementation of unified digital government measures in order to improve administrative services and reduce costs,” said Takashi Niino, President and CEO, NEC Corporation. “Through this acquisition, NEC will acquire a business model that leverages platforms in the digital government domain as it aims to expand business from northern Europe to the whole of Europe and globally.”

“This is an historic moment for KMD. Becoming a part of NEC will give KMD a new and very robust platform for the strategic development of our business. NEC develops cutting-edge technologies and has a global organization with strong capabilities,” said Eva Berneke, CEO, KMD. “NEC is a world-renowned brand and like us has a strong history when it comes to the development of society through technology. NEC focuses on solutions for society and we are proud that NEC acknowledges our competencies in this respect. We look forward to working together on achieving new common goals and making even better products for our customers.”

NEC sees the acquisition as a good match with its strategic ambitions within the public sector. KMD has solid experience and a strong portfolio of software in this market segment. NEC technology and KMD software have many synergistic opportunities and both parties will benefit from the exchange and integration of products, know-how and competencies. NEC expects its cutting-edge AI technologies, "NEC the WISE" and its biometric technologies, “Bio-IDiom” to be among the areas of great mutual opportunity.

Furthermore, NEC will promote the global reach of KMD's software by utilizing the NEC Group's sales channels, including the mutual sale of software between KMD and UK-based Northgate Public Services Limited, which NEC acquired in January 2018.

NEC will continue to promote the development of its core technologies and solutions, while acquiring new customer bases, delivery resources, core technologies and business models through M&A and partnerships, in order to further expand the social solutions business, centering on the safety business, and to improve profitability.

Contacts

Seiichiro Toda
NEC Corporation
s-toda@cj.jp.nec.com
+81-3-3798-6511

Joseph Jasper
NEC Corporation
j-jasper@ax.jp.nec.com
+81-3-3798-6511




Permalink : https://www.aetoswire.com/news/nec-acquires-the-largest-danish-it-company-kmd/en

Shah Rukh Khan Impressed by UAE’s Sports Medicine and Advanced Technology



Dubai, United Arab Emirates-Monday 24 December 2018 [ AETOS Wire ]

Recently, Indian film star and producer Shah Rukh Khan toured nanoM, a state-of-the-art sports and human performance facility based in Dubai that provides comprehensive health and fitness analyses.

Shah Rukh, who spent more than two hours at the facility, signed the clinic’s wall of fame and said: “I’ve visited many facilities around the world, including ones in the US and Europe, and nanoM’s equipment and technology are the most impressive by far.”

“I can see why professional footballers, cyclists and cricketers use nanoM’s services. My team – the Kolkata Knight Riders – and I will definitely be back for health and performance assessments,” he added.

Karan Rekhi, Vice President – Operations of Nano M, an Emirates Healthcare Company said, “We were delighted to host SRK at our facility. Our wall of fame is almost completely covered; I believe word spreads when you offer excellence. nanoM is the facility of choice for sports professionals and celebrities seeking to enhance their performances and address existing or potential injuries.”

Other famous visitors include English football legend Frank Lampard, who underwent a series of tests at nanoM earlier this year, and Lee Peltier, who plays for Cardiff City.

nanoM is a unique, premium health assessment facility with technology that is at least a decade more advanced than that in other facilities. The latest equipment is used to analyse health, fitness, total body functionality and physical performance capabilities, and the facility has a movement analysis area with high definition cameras to monitor and analyse whole body motion.

Contacts

SAHARA Communications                                                                      

Farah Al Obaidi, Head of Media Relations, +97143298996, +971503323158
f.ahmed@saharapr.com / www.saharagcc.com


Permalink : https://www.aetoswire.com/news/shah-rukh-khan-impressed-by-uaersquos-sports-medicine-and-advanced-technology/en

Wednesday, December 26, 2018

Greene Tweed Receives Supplier Performance Award

KULPSVILLE, Pa. -Saturday 22 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Greene Tweed & Co. has been recognized with a 2018 Supplier Performance Award by ASM, a world leader in the supply of semiconductor wafer processing equipment and process solutions. With more than 400 suppliers in their supply chain, Greene Tweed is honored to be one of only three ASM Supplier Performance Award winners.

“We are delighted to receive this 2018 Supplier Performance Award from ASM and proud to be recognized for our quality performance and innovative portfolio of products for the semiconductor industry,” said Rick Andersen, Greene Tweed Vice President and General Manager, Semiconductor.

Lionel Kwok, Greene Tweed Country Manager, Singapore, said, “Greene Tweed was recognized for this award because of our commitment to building close partnerships with our customers and delivering value on time. It was a great job by all sales, customer service, and manufacturing employees for managing and supporting the ASM global account.”

“Having close technical and operational relationships with our suppliers is critical to our ability to innovate and rapidly introduce successful new products. I would like to thank Greene Tweed for their contribution to ASM’s success,” said Daniel Ventura, Corporate Director of Supply Chain at ASM. “By consistently meeting or exceeding performance standards over the past year, Greene Tweed has played a key role in helping ASM achieve technical and operational excellence and deliver industry-leading products to customers.”

About Greene Tweed

Greene Tweed is a leading global manufacturer of high-performance seals and engineered components. Combining more than 150 years of technical expertise and commercial knowledge in a variety of markets, Greene Tweed collaborates with customers to develop engineered solutions that meet challenging performance requirements and reduce total cost of ownership.

Greene Tweed products are sold and distributed worldwide. For additional information, contact Greene Tweed at +1.215.256.9521 or visit our website at www.gtweed.com.





View source version on businesswire.com: https://www.businesswire.com/news/home/20181219005662/en/

Contacts
Chris Aldred
Corporate Marketing
+1.267.932.5389
caldred@gtweed.com

Permalink : https://www.aetoswire.com/news/greene-tweed-receives-supplier-performance-award/en

Custodian of the Two Holy Mosques Receives Guests of the National Festival of Heritage and Culture



Riyadh, Saudi Arabia-Monday 24 December 2018 [ AETOS Wire ]

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at the Al Yamamah Palace in Riyadh yesterday guests of the National Festival of Heritage and Culture ‘Janadria 33’ who are intellectuals and writers.

The Custodian of the Two Holy Mosques delivered the following speech during the reception,

“Dear guests, Dear brothers, Peace, mercy and blessings of God upon you. I am welcoming you to the Kingdom of Saudi Arabia at the National Festival of Heritage and Culture in its 33rd edition. I am also welcoming the participation of the brotherly Republic of Indonesia as the guest of honor of this edition.

This festival embodies the Kingdom's heritage, reflects the diversity of heritage in our country, contributes to the awareness of young generations of this heritage, and contributes to promoting global cultural communication. And your presence here is a proof of this.”

Following this the word of this years’ honored personality was delivered by Dr. Samar Bint Jaber Al-Humoud in which she expressed appreciation for the honoring which is a constant and continuous approach of Saudi Arabia to its citizens to encourage, motivate and embrace them.

She also said, "The Kingdom has invested in its citizens’ sons and daughters and exerted precious efforts. The sons and daughters of this country have conducted many achievements in all fields. The Saudi presence has become a milestone in many regional and international forums on the individual and institutional levels, thanks to God first, and the unlimited support of the leadership of this blessed nation.”

After that, the President of the Union of Tunisian Writers, Dr. Salah El-Din El-Hammadi delivered a speech on behalf of  the guests of the National Festival of Heritage and Culture, in which he said, "Your generous patronage to the festival and the reception of the Custodian of the Two Holy Mosques is clear obvious proof that the interest in culture, heritage and thought are priorities of the Kingdom of Saudi Arabia and our presence to this land is only an expression of our recognition of this and recognition of your favor on writers and creative thinkers.”

He added, “We came here to celebrate with you the heritage, culture and history through our participation in this festival, raising the same slogan of this year’s edition ‘Faithfulness and Loyalty’ which are two of the most important values of Arab society.”

Al -Hammadi praised the Custodian of the Two Holy Mosque’s attitudes towards the dangers that threaten the Arab nation. He said, "Without your firmness and determination and your response to the various conspiracies targeting the Arab countries, the wolves would attack our countries."

At the end of the reception, guests of the National Festival of Heritage and Culture were honored by shaking hands with the Custodian of the Two Holy Mosques.

Contacts

Pyramedia

Reham Barakat, +971508228604

Reham.barakat@pyramedia.biz

Pantheon Development breaks ground on Pantheon Elysee project

 Valuing AED180 million, the project will have 268 residential units and retail outlets



Dubai, United Arab Emirates, -Thursday 20 December 2018 [ AETOS Wire ]

Pantheon Development on Wednesday - December 18, hit the ground to kick-start the construction of its affordable luxury project Pantheon Elysee in Jumeirah Village Circle (JVC), Dubai.

Pantheon Elysee, valuing AED180 million, will have 268 residential units and retail outlets. The project is expected to be delivered in Q4, 2020.

Mr Kalpesh Kinariwala, Founder and Chairman of Pantheon Group, said, “At Pantheon Development, we have always been committed to provide value for money to our clients, and our new project will accelerate our vision to offer our customers luxury units at affordable prices. It will also fill the gap in the affordable luxury segment in Dubai’s realty market. Considering the strength and dynamism of the Dubai property market, we are confident that the Pantheon Elysee project will generate quick and high results, whilst boosting the economic development of the nation.  While we anticipate that the project will be completed on time with the support of our contractor, we are certain that this new development will serve as a boost to the UAE’s burgeoning realty sector.”

Mr Cherian Thomas, Chairman of CJTECH contractors, said, “We are delighted to hit the ground for the start of Pantheon Elysee construction and would like to extend our heartfelt gratitude and appreciation to Pantheon Development for giving us an opportunity to build this amazing project in Dubai. While we will ensure that the project is completed on time, the project will reflect international standards across all phases of development.”



Jamal Al Khawajah, Managing Director of Al-khawajah Engineering Consultants from Al Khawajah Engineering Consultancy commented, “Pantheon Development is redefining the affordable luxury segment in Dubai, and we are confident that this new project will add to the city’s top-of-the-line initiatives, which will set room for a new phase of realty to take over.”

Pantheon Elysee is Pantheon Development’s second project in Dubai. The developer launched its first affordable luxury project Pantheon Boulevard at District 13 of Jumeirah Village Circle. The company first completed the Dh150 million project with its own capital and then launched the sale, which is not common practice in the market as the off-plan sale is quite common in Dubai. The 162-unit project has been successfully delivered to end-users and investors.

The UAE-based well-diversified Pantheon Group has offices in Latin America, Far East and India with an annual turnover of more than Dh1.2 billion, or US$325 million. The Group’s Pantheon Development is a merging brand in the affordable luxury segment within Dubai’s real estate market.

Contacts

SAHARA Communications

Wafa Ahmad 

Senior Consultant  
Tel: +97143298996    

Mob: +971569474164

Email: w.ahmad@saharapr.com

Permalink : https://www.aetoswire.com/news/pantheon-development-breaks-ground-on-pantheon-elysee-project/en

Atom Solutions Introducing World's Lowest Overseas Remittance Service!



TOKYO-Wednesday 26 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- Atom Solutions, a Fin-Tech company located in Japan, will launch their newly developed world’s lowest overseas remittances fee service starting March 1st 2019.

The service is applied with unique wallet system which is different from traditional bank remittance services such as SWIFT or Correspondent Bank. Initially, the service will be available between South Korea and the Philippines during its initial stage. However, Atom Solutions is aiming to expand the service over 10 countries in the year 2019.

* The exchange rate is applied with middle rate of interbank rate (TTM) +0.5%
* Sending Fee is approx 5 cents

Atom Solutions Co., Ltd.
https://www.atom-solutions.jp/en/

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181225005003/en/

Contacts

Atom Solutions Co., Ltd.
+81 3-5875-8367
Clement CJ



Permalink : https://www.aetoswire.com/news/atom-solutions-introducing-world39s-lowest-overseas-remittance-service/en

Takeda Announces Listing of American Depositary Shares on the New York Stock Exchange

ADSs Will Trade Under the Ticker Symbol “TAK”

OSAKA, Japan-Thursday 20 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Takeda Pharmaceutical Company Limited (TSE: 4502) (“Takeda”) today announced that the listing and trading of its American Depositary Shares (“ADSs”) on the New York Stock Exchange (“NYSE”) is expected to commence on December 24, 2018. Takeda’s ADSs currently trade over-the-counter. The ADSs will now trade under the ticker symbol “TAK” and The Bank of New York Mellon will continue to act as the depositary bank for the ADS program.

Takeda will maintain its headquarters in Japan and its primary listing on the Tokyo Stock Exchange (the “TSE”), as well as its current listings on local Japanese stock exchanges.

“Our dual listing on the NYSE and TSE reflects our position as a leading global biopharmaceutical company and will provide wider capital markets access with expanded trading hours for our investors worldwide,” said Costa Saroukos, Chief Financial Officer of Takeda. “We look forward to closing our acquisition of Shire in the coming weeks and driving long-term value for our shareholders as a combined company.”

With its listings in Japan and the United States, Takeda will be able to access two of the world’s largest capital markets and is the only pharmaceutical company listed on both the TSE and the NYSE. The new NYSE listing will also facilitate ownership of Takeda shares following its acquisition of Shire plc (“Shire”) (the “Acquisition”) which, subject to the Shire scheme of arrangement being sanctioned by the Jersey court, is expected to complete on January 8, 2019. Under the terms of the Acquisition, Shire shareholders will be entitled to receive $30.33 in cash and either 0.839 new Takeda shares or 1.678 Takeda ADSs for each Shire share held.

In connection with the listing on the NYSE, Takeda filed a registration statement on Form 20-F on December 6, 2018, and Amendment No. 1 thereto on December 17, 2018. Takeda’s Form 20-F is available online at www.sec.gov and will be available online at https://www.takeda.com/investors/reports shortly before the listing. Takeda shareholders have the ability to receive a hard copy of this documentation, free of charge, by contacting Takeda Investor Relations by telephone at +81-3-3278-2306 or by e-mail at takeda.ir.contact@takeda.com.

About Takeda Pharmaceutical Company

Takeda Pharmaceutical Company Limited (TSE: 4502) is a global, research and development-driven pharmaceutical company committed to bringing better health and a brighter future to patients by translating science into life-changing medicines. Takeda focuses its R&D efforts on oncology, gastroenterology and neuroscience therapeutic areas plus vaccines. Takeda conducts R&D both internally and with partners to stay at the leading edge of innovation. Innovative products, especially in oncology and gastroenterology, as well as Takeda's presence in emerging markets, are currently fueling the growth of Takeda. Approximately 30,000 Takeda employees are committed to improving quality of life for patients, working with Takeda's partners in health care in more than 70 countries. For more information, visit https://www.takeda.com/newsroom/.

Important Notice

This announcement is not intended to, and does not, constitute, represent or form part of any offer, invitation or solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United Kingdom or Japan may be restricted by law or regulation and therefore any person who comes into possession of this announcement should inform themselves about, and comply with, such restrictions. Any failure to comply with such restrictions may constitute a violation of the securities laws or regulations of any such relevant jurisdiction.

Publication on Website

In accordance with Rule 26.1 of the Code, a copy of this announcement will be made available (subject to certain restrictions relating to persons resident in restricted jurisdictions) on Takeda's website at www.takeda.com/investors/offer-for-shire by no later than 12 noon (London time) on October 29, 2018. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.



Contacts

Takeda (Investor Relations)
Takashi Okubo
takeda.ir.contact@takeda.com
+81 3 3278 2306

Takeda (Media – inside Japan)
Kazumi Kobayashi
Kazumi.Kobayashi@takeda.com
+81 3 3278 2095

Takeda (Media – outside Japan)
Tsuyoshi Tada
Tsuyoshi.Tada@takeda.com
+1 617 551 2933

Elissa Johnsen
Elissa.Johnsen@takeda.com
+1 312 285 3203


Permalink : https://www.aetoswire.com/news/takeda-announces-listing-of-american-depositary-shares-on-the-new-york-stock-exchange/en

Custodian of the Two Holy Mosques Attends the Opening Ceremony of Al Janadria

Riyadh, Saudi Arabia, -Friday 21 December 2018 [ AETOS Wire ]

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud attended the opening ceremony of the National Festival of Heritage and Culture in its 33rd Edition, organized by the Saudi Ministry of National Guard in Janadria which was held yesterday afternoon under the slogan “Faithfulness and Loyalty.”

Upon his arrival at the headquarters of the festival in Al Janadria, the King was received by His Royal Highness Prince Faisal Bin Bandar bin Abdulaziz, Governer of Riyadh region, His Royal Highness Prince Mohammed bin Abdul Rahman bin Abdulaziz, Deputy Prince of Riyadh Region, His Highness Prince Khalid Bin Abdul Aziz bin Ayyaf, Minister of National Guard and Chairman of the Supreme Committee of the Janadria Festival, His Highness Prince Mohammed bin Abdulaziz bin Ayyaf, General Supervisor of the Janadria Festival, His Highness Mr. Abdul Mohsen bin Abdulaziz Al-Tuwaijri, Deputy Minister of National Guard and Deputy Chairman of the Supreme Committee of the Janadria Festival and  a large number of officials.

The Custodian of the Two Holy Mosques then received His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Crown Prince of Kuwait, His Highness Sheikh Abdullah bin Hamad bin Isa Al Khalifa, Personal Representative of His Majesty the King of Bahrain, His Highness Sheikh Abdullah bin Zayed Al Nahyan Minister of Foreign Affairs and International Cooperation of the United Arab Emirates and His Highness Sayyid Shihab bin Tariq Al Said, Advisor to His Majesty the Sultan of Oman.

Following this the Annual Grand Camel race began and the Custodian of the Two Holy Mosques gave the prizes to the top five winners in the race and honoured the sponsors of Al Janadria. This was followed by a dinner celebration and an oratory and artistic ceremony held in the closed hall in Al Janadria.

The ceremony began with a speech delivered by His Highness Prince Khalid Bin Abdul Aziz bin Ayyaf, Minister of National Guard and Chairman of the Supreme Committee of the National Festival of Heritage and Culture in which he confirmed that Al Janadria Festival is the nation’s main festival and forum of thought and culture and introduced Indonesia as Guest of Honour.

The Coordinating Minister for Human Development and Culture of the Republic of Indonesia, Puan Maharani, delivered a speech on behalf of the Government and people of the Republic of Indonesia, expressing her sincere gratitude and appreciation to the Custodian of the Two Holy Mosques.

After the speeches, the Custodian of the Two Holy Mosques also honored the Saudi personalities of this year with the King Abdulaziz Medal of the first degree.

Later, the poet Lieutenant Mashaal Al Harthy delivered a poem which was followed with the artistic performance of an Operetta entitled "Tidlal Ya Watan" with the performance of the artists Mohammed Abdo, Rashed Al Majid and Mazal Farhan.

Contacts
Pyramedia

Reham Barakat, +971508228604

Reham.barakat@pyramedia.biz

https://www.aetoswire.com/news/custodian-of-the-two-holy-mosques-attends-the-opening-ceremony-of-al-janadria/en







A Luxembourg Space Agency Study Predicts a Market Revenue of up to 170 Billion EUR Generated by the Space Resources Utilization Industry over the 2018-2045 Period

LUXEMBOURG-Friday 21 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- According to an in-depth study conducted by the Luxembourg Space Agency, using space resources is expected to create major socio-economic benefits in many areas, including GDP impacts, employment creation as well as market and technology spillovers in several technical domains such as data analytics, materials science, additive manufacturing and robotics.

The study identified the potential markets for using space resources as well as the value chains and opportunities they will create for companies. The value chain for propellant for rockets and other space vehicles offers the most viable business case and best near-term opportunity, because of high confidence in demand and availability of water on the Moon, Mars and other celestial bodies and its criticality in space applications. Cost savings assessments have demonstrated substantial cost reductions for space missions, revealing viable markets for space resources products.

According to the study, the space resources utilization industry is expected to generate a market revenue of up to 170 billion EUR over the years 2018 to 2045. For the same period, efficiency gains in the form of cost savings for the end-users and customers of space resources are estimated to up to 135 billion EUR. This figure accounts for fuels, water for life support, and materials for equipment and construction of in-situ infrastructure (like regolith and metals).

Based on an extensive literature review as well as on data collected from a large number of interviews with community experts in space agencies, private companies and universities, the study concludes in its general findings that space resources utilization could enable substantial cost reductions for space exploration missions in the medium-term, and is highly strategic for long-term space exploration since it would improve the autonomy and the safety of manned missions.

With its SpaceResources.lu initiative, Luxembourg has positioned itself as the European hub in the future space resources economy. The exploration and utilization of space resources is set to generate attractive opportunities in Luxembourg, Europe and worldwide, both for established and start-up players.

A study summary of the Space Resources Value Chain study is published on the website of the Luxembourg Space Agency: www.space-agency.lu

Released by the Luxembourg Space Agency

 View source version on businesswire.com: https://www.businesswire.com/news/home/20181220005222/en/

Contacts
Luxembourg Space Agency
Paul Zenners
Email: paul.zenners@space-agency.lu
Tel.: (+352)-288-482-24
Mobile: (+352)-621-409-141


Permalink : https://www.aetoswire.com/news/a-luxembourg-space-agency-study-predicts-a-market-revenue-of-up-to-170-billion-eur-generated-by-the-space-resources-utilization-industry-over-the-2018-2045-period/en


Tuesday, December 25, 2018

Henry Schein and Vets First Choice Announce New Name of the Planned New Company: Covetrus

New Executive Leadership Team Announced For Covetrus To Advance the World of Veterinary Medicine


MELVILLE, N.Y. & PORTLAND, Maine-Monday 24 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- Henry Schein, Inc. (Nasdaq: HSIC) and Vets First Choice today announced that the new standalone public company that will result from the planned spin-off of the Henry Schein Animal Health business and the subsequent merger with Vets First Choice will be named Covetrus.

The transaction is expected to be completed in the first quarter of 2019.

The new company, Covetrus, will be a global, technology-enabled animal health business supporting the companion, equine and large-animal veterinary markets. Covetrus will combine leading practice management software, prescription management, multi-channel client engagement services, and supply chain infrastructure to promote connectivity between veterinarians and their clients.

Covetrus will employ more than 5,000 team members across approximately 25 countries, delivering integrated solutions to help veterinary practices to improve the economics and workflow of their businesses and enhance the client experience. The business will have approximately 100,000 customers across major geographic regions, including North America, Europe, Australasia and South America.

Covetrus reflects the company’s deep partnership with the veterinary community and its efforts to “Advance the World of Veterinary Medicine.” “Co-” highlights working together as partners, anchored by “vet” at the center of what the company will do, and “-us” reinforces the notion of a team of professionals who will serve as an extension of the veterinary practice.

“It was important to create a new brand and new name that demonstrates our long-term commitment for veterinary practice customers to always be at the center of our business. We are committed ‘To Advancing the World of Veterinary Medicine’ by empowering our customers with compelling new capabilities and services to drive new health and financial outcomes to ensure their continued success,” said Benjamin Shaw, Founder and CEO of Vets First Choice. “Covetrus reflects the excitement around our unique capabilities and differentiated value proposition that this combined entity will deliver to veterinary customers across the globe.”

The two companies also announced today the proposed executive leadership team of Covetrus.

As previously announced, Benjamin Shaw will become CEO of the combined company and serve as a member of the Board of Directors. The executive leadership team of Covetrus will include:

    Christine T. Komola, Executive Vice President and Chief Financial Officer
    Erin Powers Brennan, Senior Vice President, General Counsel and Secretary
    Russell Cooke, Senior Vice President and Operational Chief Financial Officer
    Francis X. Dirksmeier, Senior Vice President and President, North America
    David Christopher Dollar, Senior Vice President and President, Software and Services
    Michael Ellis, Senior Vice President and President, Europe
    David Hinton, Senior Vice President and President, APAC and Emerging Markets
    Timothy Ludlow, Senior Vice President and Chief Transformation Officer
    Anthony Providenti, Senior Vice President, Corporate Development
    Georgina Wraight, Senior Vice President and President, Vets First Choice
    James Young, Senior Vice President and Chief Human Resources Officer

“This is an impressive and talented leadership team, and we are honored to lead this soon-to-be new independent organization,” said Shaw. “This executive team will ensure strong continuity of leadership across all lines of business and geography and includes new talent to facilitate a smooth transition into an independent public company. Importantly, our team is committed to meeting and exceeding the expectations of our customers.”

Henry Schein Animal Health and Vets First Choice will continue to operate as two independent, separate organizations prior to the closing of the transaction.

Additional Information and Where to Find It
In connection with the proposed transaction, Covetrus plans to file relevant materials with the U.S. Securities and Exchange Commission (“SEC”), including a registration statement on Form S-1/S-4 containing a prospectus. Investors and security holders are urged to carefully read the registration statement/prospectus (including any amendments or supplements thereto and any documents incorporated by reference therein) and any other relevant documents filed with the SEC when they become available, because they will contain important information about the parties and the proposed transaction. The registration statement/prospectus and other relevant documents that are filed with the SEC can be obtained free of charge (when available) from the SEC's web site at www.sec.gov. These documents can (when available) also be obtained free of charge from Henry Schein, Inc. upon written request to Carolynne Borders at Henry Schein, Inc., 135 Duryea Road, Melville, NY 11747. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Forward-Looking Statements
In accordance with the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, the parties provide the following cautionary remarks regarding important factors that, among others, could cause future results to differ materially from the forward-looking statements, expectations and assumptions expressed or implied herein. These statements are identified by the use of such terms as "may," "could," "expect," "intend," "believe," "plan," "estimate," "forecast," "project," "anticipate" or other comparable terms. Such forward-looking statements include, but are not limited to, statements about the benefits of the transaction, including future financial and operating results, plans, objectives, expectations and intentions. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to anticipated synergies and the expected timetable for completing the proposed transaction — are forward-looking statements. All forward-looking statements made by us are subject to risks and uncertainties and are not guarantees of future performance. Therefore, you should not rely on any of these forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For example, these forward-looking statements could be affected by factors including, without limitation, risks associated with the ability to consummate the transaction and the timing of the closing of the transaction; the ability to obtain requisite approvals; the ability to successfully integrate operations and employees; the ability to realize anticipated benefits and synergies of the transaction; the potential impact of the announcement of the transaction or consummation of the transaction on relationships, including with employees, customers and competitors; the ability to retain key personnel; the ability to achieve performance targets; changes in financial markets, interest rates and foreign currency exchange rates; and those additional risks and factors discussed in the registration statement on Form S-1/S-4 to be filed with the SEC , including those discussed under the heading "Risk Factors" in the registration statement. We undertake no duty and have no obligation to update any forward-looking statements contained herein.

About Henry Schein
Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 22,000 Team Schein Members serving more than 1 million customers globally, the Company is the world's largest provider of Business, Clinical, Technology, and Supply Chain solutions to enhance the efficiency of office-based dental, animal health, and medical practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites.

A Fortune 500® Company and a member of the S&P 500® and the Nasdaq 100® indexes, Henry Schein's network of trusted advisors provides health care professionals with the valued solutions they need to improve operational success and clinical outcomes. The Company offers customers exclusive, innovative products and solutions, including practice management software, e-commerce solutions, specialty and surgical products, as well as a broad range of financial services. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 120,000 branded products and Henry Schein private-brand products in stock, as well as more than 180,000 additional products available as special-order items.

Headquartered in Melville, N.Y., Henry Schein has operations or affiliates in 34 countries. The Company's sales reached a record $12.5 billion in 2017, and have grown at a compound annual rate of approximately 15% since Henry Schein became a public company in 1995. For more information, visit Henry Schein at www.henryschein.com, Facebook.com/HenrySchein and @HenrySchein on Twitter.

About Vets First Choice
Vets First Choice is an innovator in technology-enabled services that empower veterinarians with insights that are designed to increase customer engagement and veterinary practice health. Vets First Choice’s platform, which is integrated with veterinary practice management software workflow, leverages insight and analytics, client engagement services and pharmacy services, to deliver improved medical compliance via proactive prescription management. By working directly with veterinary practices to manage gaps in care, Vets First Choice seeks to enable its veterinarian customers to create new revenue opportunities, adapt to changing pet owner purchasing behaviors, enhance their client relationships and improve quality of care and health outcomes. For more information, please visit www.vetsfirstchoice.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181220005954/en/

Contacts

William Durling
Vice President of Corporate Communications
wdurling@vetsfirstchoice.com
603 769 7471

Nicholas Jansen
Vice President of Investor Relations
nicholas.jansen@vetsfirstchoice.com
407 761 8172

Ann Marie Gothard
Vice President, Corporate Media Relations
annmarie.gothard@henryschein.com
631-390-8169

Carolynne Borders
Vice President, Investor Relations
Carolynne.borders@henryschein.com
631 390-8105


Permalink : https://www.aetoswire.com/news/henry-schein-and-vets-first-choice-announce-new-name-of-the-planned-new-company-covetrus/en

BenQ ZOWIE G-SR-SE Red Esports Mousepads Now Available In Middle East

Accessories taking esports gaming to another level


DUBAI, United Arab Emirates-Monday 24 December 2018 [ AETOS Wire ]

Prominent e-sports gaming product manufacture, BenQ ZOWIE announced ZOWIE G-SR Red Special Edition mousepad and is now available in the Middle East region. G-SR-SE Red is the updated version from G-SR-SE Blue mousepad, providing gamers with a new color option, and refreshed design to choose from.

The latest G-SR series provides smooth mouse movement, better traction to your mouse sensor. ZOWIE mousepads provide 100% flat rubber base that ensure consistent performance across the mousepad. The Special Edition mousepad provides a slightly different glide feeling from the standard black G-SR.

G-SR-SE Blue will be discontinued for now, and new revamped Red mousepads will be the replacement and ready for pick up. It costs AED 120

UTM Link - https://zowie.benq.com/en-ap/product/mouse-pad/sr/g-sr-se-red.html?utm_source=PressRelease&utm_medium=PREmail&utm_campaign=Zowie-G-SR-Red

To learn more about G-SR-SE Red: [https://zowie.benq.com/en-ap/product/mouse-pad/sr/g-sr-se-red.html]

Follow us on social media: https://www.facebook.com/ZOWIEbyBenQAPAC/

About ZOWIE

Introduced in late 2008, ZOWIE is a brand dedicated to the development of the best competitive gaming gears available that compliment eSports athletes’ combating performance. From 2015 on, ZOWIE brand was acquired by BenQ Corp to represent the company’s eSports product line that delivers truly competitive experience and enjoyment.

 About BenQ Corporation

Founded on the corporate vision of “Bringing Enjoyment ‘N’ Quality to Life”, BenQ Corporation is a world-leading human technology and solutions provider aiming to elevate and enrich every aspect of consumers’ lives. To realize this vision, the company focuses on the aspects that matter most to people today – lifestyle, business, healthcare and education – with the hope of providing people with the means to live better, increase efficiency, feel healthier and enhance learning. Such means include a delightful broad portfolio of people-driven products and embedded technologies spanning digital projectors, monitors, interactive large-format displays digital cameras and camcorders, mobile computing devices, and lighting solutions. Because it matters.

Contacts

Absolute Communications

Sonal Salvi, +971559029360

sonals@absolutecg.net

Permalink : https://www.aetoswire.com/news/benq-zowie-g-sr-se-red-esports-mousepads-now-available-in-middle-east/en

Andersen Global Expands into Gurgaon



SAN FRANCISCO-Thursday 20 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Andersen Global announces an expanded presence in India as Nangia Advisors LLP, a collaborating firm of Andersen Global, added an office location in Gurgaon, India. Nangia Advisors began collaborating with Andersen Global in May 2018, initiating the international association’s expansion in India. The addition in Gurgaon marks Nangia Advisors’ fifth location and continues their steady growth in India.

In addition to Gurgaon, Nangia Advisors LLP also has a presence in New Delhi, Mumbai, Noida and Dehradun. The firm has close to 300 professionals and nearly 38 years of experience. It provides a wide range of services to multinationals doing business in India including entry strategy, re-organizations, cross-border taxation, transfer pricing, tax consulting and advisory, tax litigation, mergers & acquisitions, regulatory and investment banking across a range of sectors.

“Our added location in Gurgaon is a strategic move, as we continue to gain momentum in the international business environment,” commented Rakesh Nangia, Founder and Managing Partner of Nangia Advisors LLP. “It is exciting that the new office has opened in such a short time after announcing our collaboration in the spring of 2018, and I look forward to offering best-in-class services to our clients at this location.”

Mark Vorsatz, Andersen Global Chairman and Andersen Tax LLC CEO added, “Nangia Advisors’ expansion is part of a broader strategy to increase our footprint in the region and will provide them with more opportunity to work with new clients and strengthen their presence in the local market.”

Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 4,000 professionals worldwide and a presence in over 126 locations through its member firms and collaborating firms.

Contacts

Megan Tsuei
Andersen Tax
+1-415-764-2700


Permalink : https://www.aetoswire.com/news/andersen-global-expands-into-gurgaon/en

Sunday, December 23, 2018

Bentall Kennedy and GreenOak Real Estate Announce Merger to Form Bentall GreenOak, Global Real Estate Investment Platform

TORONTO & NEW YORK & LONDON-Wednesday 19 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- Bentall Kennedy and GreenOak Real Estate (“GreenOak”) announced today the signing of an agreement to merge the two firms into a leading global real estate investment platform. The combined entity will be named Bentall GreenOak.

GreenOak Co-Founders, John Carrafiell and Sonny Kalsi, existing GreenOak senior management and GreenOak’s strategic partner Tetragon Financial Group Limited will all continue to hold significant ownership stakes in Bentall GreenOak. Bentall Kennedy’s senior management team will also acquire a meaningful ownership position in the combined firm.

Bentall GreenOak will be majority-owned by Sun Life Financial (“Sun Life”) and will operate under Sun Life Investment Management, the alternative asset management arm of Sun Life. Sun Life has committed significant co-investment capital to support the growth of Bentall GreenOak and to enhance the firm’s alignment with its clients.

Senior management of the combined firm will include leaders from both Bentall Kennedy and GreenOak, and will be led globally by Gary Whitelaw, as CEO, and Sonny Kalsi, as President. John Carrafiell will be Senior Managing Partner of the Bentall GreenOak UK/European business.

Bentall GreenOak will provide its clients with a broad range of complementary real estate investment strategies that include Core, Core Plus and Value Add/Opportunistic equity, as well as senior and tactical real estate debt strategies. With investment professionals in 14 offices in North America, and 7 offices internationally, Bentall GreenOak will have deep local knowledge and strong, long-standing investment track records across the United States, Canada, Europe, and Asia.

“This combination brings together two successful real estate platforms to create a world class investment manager, supported by the significant resources and long-term stability of Sun Life Investment Management. GreenOak and Bentall Kennedy are two highly complementary firms with virtually no overlap in investment strategies or offices,” said Gary Whitelaw, CEO, Bentall Kennedy. “As members of the combined leadership team have worked together before, and given our extensive discussions over many months, we believe we share very similar investment practices, underwriting discipline, and client-centric cultures,” Mr. Whitelaw continued.

“The mission critical element in any combination is ensuring that the leadership team and the teams directly managing the investment programs and assets on the ground are able to remain focused on creating value and managing risk,” added Messrs. Carrafiell and Kalsi, Co-Founders of GreenOak Real Estate. “This combination of like-minded and compatible firms uniquely allows us to do that – with our clients and fund investors working with the same local specialists with whom they have been working for many years.”

“Institutional real estate investment strategies increasingly benefit from a truly global framework. But being successful requires deep local knowledge, a rigorous underwriting culture and strong alignment between investors and the manager,” said Steve Peacher, President, Sun Life Investment Management. “Bentall Kennedy and GreenOak each bring this knowledge, disciplined experience and a fiduciary culture to the new combined firm. Sun Life Investment Management is committed to deepening Bentall GreenOak’s client/manager alignment by making strategic co-investments in future Bentall GreenOak funds and other initiatives in partnership with Bentall GreenOak’s clients and partners,” Mr. Peacher added.

As of September 30, 2018, Bentall Kennedy and GreenOak have, in the aggregate, over 700 institutional clients with approximately $47 billion USD / $62 billion CAD in assets under management. Sun Life will have contractual rights to increase its ownership interest in Bentall GreenOak in 2026, though it is expected that a meaningful interest will continue to be held by the Bentall GreenOak management team on an ongoing basis.

Bentall Kennedy and Sun Life Investment Management received financial advice on the transaction from Berkshire Global Advisors and legal advice from Weil, Gotshal & Manges LLP. Evercore provided financial advice to GreenOak and Fried, Frank, Harris, Shriver & Jacobson LLP and Covington & Burling LLP provided legal advice to GreenOak and its owners.

The transaction is subject to customary closing conditions, including required regulatory approvals. The transaction is expected to close in the first half of 2019.

About Bentall Kennedy

Bentall Kennedy, a Sun Life Investment Management company, is a leading real estate investment advisor and one of North America’s foremost providers of real estate services. Bentall Kennedy (which includes Bentall Kennedy (Canada) Limited Partnership, Bentall Kennedy (U.S.) Limited Partnership) serves the interests of more than 545 institutional clients with expertise in office, retail, industrial and multi-residential assets throughout Canada and the U.S. Bentall Kennedy’s Investment Management group has approximately $36 billion USD / $48 billion CAD of assets under management (including approximately $18 billion USD / $24 billion CAD of Sun Life General Account Assets, of which $12.3 billion USD are commercial mortgages managed by certain affiliated Sun Life Investment Management entities outside the Bentall Kennedy group under the oversight of individuals who are officers both of Bentall Kennedy and those other affiliates, all as at September 30, 2018). We are one of the largest Real Estate Services providers in Canada, managing more than 60 million square feet on behalf of third-party and investment management clients (as of September 30, 2018).

For more information, please visit www.bentallkennedy.com

About GreenOak

GreenOak Real Estate is a leading global real estate investment management firm with approximately US$11 billion of AUM, across discretionary closed-end funds for both equity and debt strategies in the US, Europe and Asia. Founded in 2010, GreenOak has acquired approximately 203 assets representing 40 million square feet and US$14.3 billion of real estate value within its target markets. GreenOak has offices in New York, Los Angeles, London, Madrid, Milan, Luxembourg, Tokyo, Seoul and Mumbai, with over 100 professionals in dedicated regional teams having deep, local knowledge, experience and extensive networks in each market.

For more information, please visit www.greenoakrealestate.com

About Sun Life Investment Management

Sun Life Investment Management comprises Sun Life Institutional Investments (Canada) Inc. and Bentall Kennedy (Canada) Limited Partnership in Canada, and Prime Advisors Inc., Ryan Labs Asset Management and Bentall Kennedy (U.S.) Limited Partnership in the United States.

These operations have combined third-party assets under management of $46 billion USD / $61 billion CAD (at $1.33 CAD/USD) as of September 30, 2018. Sun Life Investment Management is supported by the investment division of Sun Life Assurance Company of Canada that manages $109 billion USD / $146 billion CAD (at $1.33 CAD/USD) in assets under management for the Sun Life Financial group of companies as of September 30, 2018.

For more information, please visit our website – www.sunlifeinvestmentmanagement.com

About Tetragon

Tetragon is a closed-ended investment company that invests in a broad range of assets, including bank loans, real estate, equities, credit, convertible bonds, private equity, infrastructure and TFG Asset Management, a diversified asset management business. Tetragon is traded on Euronext in Amsterdam N.V. and on the Specialist Fund Segment of the main market of the London Stock Exchange. Tetragon partnered with the GreenOak Co-Founders on the launch of GreenOak, providing working capital, co-investment capital and operating infrastructure to the joint venture. TFG Asset Management will continue to hold its key investment in Bentall GreenOak, will serve on its Board of Directors, will participate in investment committees for funds in which TFG Asset Management will hold carried interest and expects to invest in new Bentall GreenOak funds.

For more information please visit the company’s website at www.tetragoninv.com

Forward Looking Statements

Certain statements in this news release are forward-looking statements within the meaning of certain securities laws, including the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Information about risk factors relating to Sun Life (and Sun Life Investment Management) can be found in the annual information form of Sun Life Financial Inc. for the year ended December 31, 2017 under the heading “Risk Factors” and other regulatory filings filed with or furnished to Canadian and U.S. securities regulators available at www.sedar.com and www.sec.gov.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181218005992/en/


Contacts

Rahim Ladha
Vice President, Corporate Communications
Bentall Kennedy Group
E: media@bentallkennedy.com

Julie Wong
Partner, Investor Relations
GreenOak Real Estate
T: 212-359-7828
E: wong@greenoakrealestate.com

Connie Soave
Director, Corporate Communications
Sun Life Investment Management
T: 416-407-5721
E: connie.soave@sunlife.com


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Mongolia's Cryptocurrency Exchange "AIS-X" Establishes Business Partnerships with Local Financial Institutions, Starting Operations as an Integrated Financial Service from March 2019

Mongolia’s Cryptocurrency Exchange AIS-X (operated by: National Investment Exchange LLC) announced that it will start operating the exchange in March 2019.


ULAANBAATAR, Mongolia-Sunday 23 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- AIS-X is an exchange that offers more than just a cryptocurrency trading service. The Japanese founders of AIS, Mr. Takigawa and Mr. Kondo, focused their attention on the future expansion of use of cryptocurrency and blockchains, as well as the growth of the Mongolian economy, and they made the most of their excellent network of connections in Mongolia to start the AIS business. Striving to enhance customer convenience, AIS-X has established business partnerships with local financial institutions to achieve the goal of an integrated financial service. Three financial institutions have entered into partnerships with AIS-X.

The 1st financial institution is National Investment Bank of Mongolia (hereinafter “NI BANK”). In 2014, NI BANK received the award of “Fastest Growing Customer Service in Mongolia” from the Mongolian Bankers Association, and in 2015, it received the “Fastest Growing Corporate Bank in Mongolia” award from the Global Banking and Financial Review. Through the partnership with NI BANK, AIS-X’s clients will be able to make deposits and withdrawals in legal tender from all around the world, and the option of managing fixed-term deposits with high interest (e.g. USD, EUR, MNT, CNY, JPY) will be provided. Also, by making it possible to issue NI BANK debit cards, AIS-X will strive to further enhance customer convenience when making withdrawals.

The 2nd financial institution is National Securities. National Securities is a securities company that holds a full license enabling it to be the lead manager for an IPO. Through the partnership with National Securities, AIS-X’s clients will be able to buy and sell securities around the world. Looking ahead, there are plans for a securities trading service where AIS-X exchange tokens are used directly.

The 3rd financial institution is Express Finance Service (hereinafter “EFS”). EFS is an institution that conducts loan operations. Through the partnership with EFS, AIS-X’s clients will be able to receive loans in cryptocurrency and legal tender, using cryptocurrency as collateral. By making use of such loans, clients will no longer need to sell the cryptocurrency in their possession in situations where funds are required, releasing them from the tax risk involved at the time of selling.

AIS-X also offers an AI Concierge service, where AI analyzes the behavioral characteristics of users and provides investment advice best suited to each user’s individual character. The strength of AIS is that, through this technology, it can attract beginners and other users who are not good at making investments.
For details, please watch the following video:
https://youtu.be/f8ApLLtuLYQ

At AIS-X, exchange tokens called “AIS” are issued. In addition to the integrated financial service, it also operates two types of mining businesses (Double Mining), and the system is that part of the profits from these businesses is distributed to holders of AIS tokens.

The 1st business is cryptocurrency mining. Mongolia’s electricity costs are low compared to many countries, and combined with a cold climate, it is a country ideally suited to cryptocurrency mining. AIS-X has specially customized Baikal’s mining machines, enabling mining to be conducted at rates of maximum efficiency.

In the 2nd business, AIS-X conducts resource (mine) mining, making it the first cryptocurrency exchange in the world to perform such activities. Mongolia has abundant underground resources, and there are reserves of rare metals that are vital to industry, such as gold, silver, and molybdenum. AIS-X is negotiating a partnership with Mongolia’s largest mining company Sharyn Gol JSC, and it will be involved in resource mining projects through direct investment.

List of AIS-X Business Partners

    NI Bank https://www.nibank.mn/
    National Securities http://www.nationalsecurities.mn/
    Express Finance Service http://m.exchange.mn/
    Sharyn Gol JSC http://sharyngol.mn/

Regarding AIS Tokens
Sale prices: 0.04USD (PRESALE STAGE1) - 0.2USD (PRESALE STAGE10)
Final token sale price: 0.3USD
For detailed information, please consult the following URL:

    AIS Official Website: https://ais-x.io/

Starting from Christmas, AIS-X is launching an Airdrop Campaign where AIS tokens up to a maximum value of 10,000 dollars can be received.

    AIS Airdrop Campaign: https://airdrop.ais-x.io

AIS Official Social Media Accounts are as follows:

    Official Telegram: https://t.me/aisofficial
    Official Twitter: https://twitter.com/aisx_official
    Official Facebook: https://www.facebook.com/AISXOFFICIAL



This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181220005218/en/



Contacts

For inquiries regarding this press release
National Investment Exchange LLC (NIEX LLC)
Ryosuke Hagiwara
Address: 3rd Khoroo Usnii Street-1, Royal Plaza Building, Sukhbaatar, Ulaanbaatar, Mongolia
TEL: +81-90-8875-5597
Email: ais-support@ais-x.io



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Janadria Festival is a Valuable Opportunity to Promote Saudi Cultural Heritage Worldwide

 300 handicrafts attract audiences throughout the festival

"Warraq" for the first time in the folk market

Riyadh, Saudi Arabia-Sunday 23 December 2018 [ AETOS Wire ]

The National Festival of Heritage and Culture in Janadria, which began last Thursday, is a valuable opportunity to highlight the elements of the tangible and intangible cultural heritage of the Kingdom of Saudi Arabia on an international level. Mainly as the festival is the most important event of its kind in the world, as it attracts millions of lovers of heritage and originality from Saudi Arabia, the Arabian Gulf region and worldwide, with hundreds of local, Arab and international media who will be covering the various rich activities of the festival.

The festival reflects unique cultures, traditions and behavior from every region of the Kingdom, where there are many dialects and customs represented. This is both in the heritage of the regions, or through the folk market where the ‘Katateeb’ (traditional schools), folk games and old tales all in a traditional setting reveal simplicity and the identity of society at the time.

Urban Heritage of the Regions

The festival highlights the distinctiveness of the various areas of Saudi Arabia and their urban heritage through showing the identity of each region, as well as the heritage elements of handicrafts, folk dishes and museums.

Folk market

The Folk Market is a forum that reflects the great diversity in Saudi folklore, with the allocation of shops and workshops for each craftsman from each region in the market, which is the first nucleus in the establishment of the festival since its inception. At the Folk Market everything is displayed in a panoramic way preserving the depth and diversity of culture in one place.

Handicrafts

The National Heritage and Culture Festival is keen to support craftsmen by choosing the handicrafts for each region according to special criteria and mechanisms. More than 300 handicrafts are scattered throughout the festival.

Al Warraq

Al Warraq is one of the handicrafts that have disappeared, and this year for the first time will be in the folk market, where the public will notice the artisans specialized in the binding of books and their preservation, while using simple craft tools such as thread, needle, scissors and glue.

Women's Activities

This year, women will participate in several activities aimed at handicrafts and productive families, as well as highlighting the role of people with special needs. There will also be professional courses for visitors.

The Traditional Farm

The Traditional Farm was the main source of livelihood for some and displayed will be the means of plowing and chanting that echoed from the farmers during their work.

Katateeb School (Traditional School)

On display will be an imitation of the Mutawa (the traditional teacher) and his students, with a courtyard next to the school for old folk games.

Contacts

Pyramedia

Reham Barakat

reham.barakat@pyramedia.biz


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FLIR Provides Thermal Imaging for Next Generation DJI Mavic 2 Enterprise Dual

Fully Integrated, Gimbal-Stabilized FLIR Lepton Micro-Camera Brings Thermal Vision to More Commercial Drone Pilots


WILSONVILLE, Ore. -Saturday 22 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- FLIR Systems, Inc. (NASDAQ: FLIR) today announced that DJI, the world’s leader in civilian drones and aerial imaging, will integrate the FLIR Lepton® micro thermal imaging camera within its DJI Mavic 2 Enterprise Dual drone. This fully integrated, compact, gimbal-stabilized system will expand the close-range capabilities of commercial pilots, helping them to work better, safer and quicker with side-by-side thermal imaging and visible imagery.

The Mavic 2 Enterprise Dual furthers the collaboration between FLIR and DJI, representing the next iteration of the ‘Thermal by FLIR’ partner program created to fuel thermal innovation while enabling partners to leverage the leadership, quality and innovation from FLIR. Earlier this year, FLIR and DJI collaborated on the DJI Zenmuse XT2 side-by-side visible and thermal camera payload attachment.

Like the Zenmuse XT2, the purpose-build Lepton for Mavic 2 Enterprise Dual pairs the FLIR thermal camera with a visible camera along with FLIR’s patented MSX® technology, or multispectral dynamic imaging, that embosses high-fidelity, visible-light details onto the thermal imagery to enhance image quality and perspective.

“By integrating our Lepton thermal sensor within the DJI Mavic 2 Enterprise Dual, we are helping bring thermal imaging capabilities to more first responders, industrial operators, and law enforcement personnel who increasingly rely on drone technology to save lives and livelihoods,” said Jim Cannon, President and CEO of FLIR. “Thanks to the Lepton thermal sensor’s small size, weight and cost, it has proven to be a transformational technology that brings the superpower of thermal to more of the world than ever before.”

“The addition of thermal imaging capabilities provided through the Thermal by FLIR Program enables DJI to create dynamic airframes that can fly in a variety of conditions, including at night and in fog and smoke,” said Roger Luo, President at DJI. “With the Mavic 2 Enterprise Dual, we can offer more commercial drone pilots the additional value of side-by-side thermal and visible imagery in a highly portable drone, enabling more commercial drone operations from utility inspections to emergency response.”

DJI is one of multiple collaborators involved within the Thermal by FLIR program, created to support original equipment manufacturers (OEMs) and product innovators interested in using FLIR thermal imaging sensors to deliver the benefits of the world’s sixth sense. The program ensures that OEMs and entrepreneurs can carry the Thermal by FLIR brand and receive additional product development and marketing support from FLIR to build and market their respective products. Thermal by FLIR partners include Cat Phones, Casio, and Panasonic.

The Mavic 2 Enterprise Dual will be displayed at the Consumer Electronics Show 2019 in Las Vegas January 8 – 11 in the FLIR Booth (#31166). To learn how device manufacturers can integrate FLIR sensors into their products or technology, visit www.flir.com/thermalbyflir. For more information on all the new features and capabilities of the Mavic 2 Enterprise Dual, please visit www.dji.com/mavic-2-enterprise.

About FLIR Systems

Founded in 1978 and headquartered in Wilsonville, Oregon, FLIR Systems is a world-leading maker of sensor systems that enhance perception and heighten awareness, helping to save lives, improve productivity, and protect the environment. Through its nearly 3,500 employees, FLIR's vision is to be "The World's Sixth Sense" by leveraging thermal imaging and adjacent technologies to provide innovative, intelligent solutions for security and surveillance, environmental and condition monitoring, outdoor recreation, machine vision, navigation, and advanced threat detection. For more information, please visit www.flir.com and follow @flir.



View source version on businesswire.com: https://www.businesswire.com/news/home/20181220005166/en/

Contacts

FLIR Systems, Inc.

Media:
Tim McDowd
503-498-3146
tim.mcdowd@flir.com

Investor Relations:
Jay Gentzkow
503-498-3809
jay.gentzkow@flir.com


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Saturday, December 22, 2018

Algorand Appoints Pablo Azar as Chief Economist

Blockchain company adds depth in monetary and economic policy with senior executive hire
BOSTON-Tuesday 18 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- Algorand, a foundational blockchain and cryptocurrency company, announced today that it has named Pablo Azar as Chief Economist. Given Algorand's focus on creating sustainable value in a decentralized economy, Mr. Azar will be responsible for guiding Algorand’s economic policies.

On the heels of announcing Steve Kokinos and W. Sean Ford as CEO and COO, respectively, Mr. Azar’s appointment as Chief Economist is another advancement for Algorand as it continues to develop its executive team. With a double Ph.D. from MIT, Mr. Azar will bring his unique expertise regarding the application of computer science and cryptography toward the creation of better market mechanisms. Further, he will be responsible for expanding the visibility of Algorand’s economic policy and enhancing the tools necessary for developers to build on the Algorand platform.

“As momentum around tokenization increases, so does the need for sound economic management,” said Steve Kokinos, CEO at Algorand. “With his deep background in economics and computer science, Pablo will ensure our community has economic policies and tools necessary for businesses to build on our foundational platform.”

As consumers drive economies toward an increasingly digital, transparent, and borderless reality, businesses must embrace technology that supports decentralization to both remain strategically relevant and to participate in the economic potential of this new decentralized world. As a scalable, secure and decentralized platform and digital currency that solves the “blockchain trilemma,” Algorand serves as the foundation for existing businesses and new projects to operate globally in the emerging decentralized economy.

“Algorand’s main goal is to build a blockchain that adds real value to the economy,” said Pablo Azar, Chief Economist at Algorand. “The kind of research problems being undertaken by Algorand intersect with many subfields of economics. My initial focus is on key issues such as mitigating the risk faced by our users and collaborating with industry partners in order to design new economic applications. I look forward to being part of a team of outstanding academics, engineers, and business experts.”

Pablo is joining Algorand from a 10-year stint at MIT, where he worked on cryptography and macroeconomics, including the development of rational interactive proofs, using software engineering metrics to understand the complexity of US Financial regulations, and developing models on the formation of supply chains and their effects on economic growth. His work has been featured on Bloomberg, The Atlantic, and US News and World Report. He received a B.A. in Applied Mathematics from Harvard, a Ph.D. in Computer Science from MIT in 2014, and will receive a Ph.D. in Economics from MIT in 2019.

About Algorand

Based in Boston, and founded by cryptography pioneer and Turing award winner Silvio Micali, Algorand solves the “blockchain trilemma” with a platform that delivers decentralization, scalability and security. Algorand provides a foundation for existing businesses and new projects to operate globally in the emerging decentralized economy. Algorand’s first-of-its-kind, permissionless, pure proof-of-stake protocol supports the scale, open participation, and transaction finality required to build systems for billions of users.

For more information, visit https://www.algorand.com/.

Contacts
Samantha Powers
March Communications
algorand@marchcomms.com
617-960-8896

https://www.aetoswire.com/news/algorand-appoints-pablo-azar-as-chief-economist/en

EDF Renewables and Shell Invest in New Jersey Offshore Wind

 Area has potential to produce 2,500 megawatts of wind energy

SAN DIEGO & HOUSTON-Saturday 22 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- EDF Renewables North America and Shell New Energies US LLC (Shell) announced today that they have formed a 50/50 joint venture, Atlantic Shores Offshore Wind, LLC to co-develop OCS-0499 lease area within the New Jersey Wind Energy Area (WEA). The lease area holds the potential to produce approximately 2,500 megawatts (MW) of offshore wind energy – enough to power close to one million homes. This transaction is subject to regulatory approvals. Construction is subject to positive final investment decision.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181219005737/en/

The lease comprises 183,353 acres about eight miles off the coast of Atlantic City on the U.S. Outer Continental Shelf (OCS). The area offers strong and steady wind resources in relatively shallow water, close to large population centers with associated electricity demand.

“Shell has bold ambitions to grow our renewable power business and we see great potential in U.S. offshore wind,” said Dorine Bosman, VP Shell Wind Development. “Gaining access to this acreage in New Jersey complements our successful entry to Massachusetts and our existing renewable generation business. Building on the strength of our brand and global presence allows us to continue providing our customers with more and cleaner energy.”

“The opportunity supports the EDF Group’s aim to double global renewable capacity to 50 gigawatts by 2030. It solidifies EDF Renewables' ambitions to leverage its depth of experience in the European offshore wind market in the emerging U.S. market,” commented Tristan Grimbert, President & CEO of EDF Renewables North America. “As the costs of offshore wind are declining, the U.S. offshore wind industry is quickly advancing with strong Federal and State support. The industry is well-positioned to meaningfully contribute to the New York and New Jersey economies through employment and supply chain opportunities.”

EDF Renewables already has 2,800 MW of offshore wind in development or operation in Europe (Belgium, France, Germany and United Kingdom), placing the company in a position to efficiently transform the U.S. offshore wind sector, beginning in New Jersey.

Shell first entered the onshore wind business in the U.S. in 2001. Shell has operated offshore assets for decades, has a strong supply-chain network and is one of the largest power wholesalers in North America. These strengths allow Shell to continue to grow its position in renewable power to support the company’s renewable power goals. Today Shell has interests in five operational onshore wind power projects in North America and one operational offshore wind farm in Europe. Shell is also part of a consortium that will build and operate the Borssele 3&4 wind farms in Europe.

Atlantic Shores Offshore Wind, LLC will begin working to complete a site assessment plan and initiate formal development efforts on the site, and subject to a positive final investment decision, could bring the wind farm into operation by the mid-2020s.

About EDF Renewables North America:

EDF Renewables North America is a market leading independent power producer and service provider with over 30 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 10 GW of developed projects and 10 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renewables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com.

About EDF Renewables:

EDF Renewables is a leading international player in renewable energies, with gross installed capacity of 14.2 GW worldwide. Its development is mainly focused on wind and solar photovoltaic power but also in other areas of the renewable energies industry such as distributed energy and energy storage. EDF Renewables operates mostly in Europe and North America but is continuing to grow by moving into promising emerging regions such as Brazil, China, India, South Africa and the Gulf. The Company has strong positions in offshore wind power, totaling almost 2,800 MW including three projects along the French coastline with 1,500 MW in total capacity, and a 450 MW offshore wind project in the UK. EDF Renewables operates more than 800 MW of offshore wind capacity with three projects: C-Power (325 MW) in Belgium, Teesside (62 MW) and Blyth (41.5 MW) in the UK, and the operations and maintenance of 400 MW of offshore wind capacity with the recent acquisition of a company specialized in this activity based out of Germany. EDF Renewables develops, builds, operates and maintains renewable energies projects, both for itself and for third parties. Most of its international subsidiaries bear the EDF Renewables brand. EDF Renewables is the EDF Group subsidiary specialising in developing solar and wind power.

For more information, visit: www.edf-renewables.com.

Follow us on LinkedIn: https://www.linkedin.com/company/edf-renewables and on Twitter (@EDF_RE in French and @EDF_Renewables in English).

About Shell New Energies

Shell aims to make electricity a significant part of its business, from generating it to buying, selling and supplying electricity directly to customers. Our New Energies business is seeking to leverage the company’s strengths in fast-growing and commercial parts of the energy industry, such as offshore wind in the U.S.

Shell first entered the onshore wind business in the U.S. in 2001. Today, we have interests in five onshore wind power projects in North America and one offshore wind farm in Europe. In total, our share of the energy capacity from these projects is more than 400 megawatts (MW). Shell also has a 20% interest in the Blauwwind consortium that will build and operate the Borssele 3 and 4 wind farms off the Dutch coast. The wind farms are designed to have a total installed capacity of 731.5MW, enough to power around 825,000 Dutch households. Shell is a 50% shareholder in Mayflower Wind Energy LLC who is the provisional winner of block 0521 in Massachusetts, USA. Once constructed, the lease area in Massachusetts could accommodate a total generation capacity of approximately 1.6 gigawatts (GW), enough to power more than 680,000 homes with clean electricity each year.

https://www.shell.com/newenergies



View source version on businesswire.com: https://www.businesswire.com/news/home/20181219005737/en/

Contacts

INQUIRIES:

EDF Renewables North America
Sandi Briner +1 858-521-3525
MediaRelations@edf-re.com

EDF Renewables
Manon de Cassini-Hérail +33 (0)1 40 90 48 22
manon.decassini-herail@edf-en.com

Shell Media Relations
Shell International +44 (0) 20 7934 5550
Shell U.S. +1 832 337 4355



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