IDEMIA Launches Converged Card to Enable Financial Inclusion with Identity and Payment Card Solution

 RESTON, Va.-Saturday 31 October 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- IDEMIA, a global leader in identity and security solutions and the number one provider of driver’s licenses in the U.S., today announced the development of a Converged Card solution in partnership with Mastercard, allowing cardholders to safely and securely shop for everyday essentials. The solution will help bring more people into the formal economy in the U.S. who currently have limited or no access to financial services.

Converged Card1 is a state-issued driver’s license or identification with a payment credential. This card or digital application will support state-subsidized programs, including unemployment benefits, housing and utility assistance, and tax refunds, allowing the government to automatically reach people that need funding through the public sector faster than with a paper check.

“This card will address the foundational issues of financial inclusion, allowing all citizens to have access to financial services via a prepaid card, in an affordable and timely way, which will create a new and improved process to disburse state government funds,” said Megan Heinze, president of Financial Institutions for North America at IDEMIA, who made the announcement today in a keynote address at MoneyFest.

“As digital transformation changes the way we live and interact with one another, our shared goal is to build solutions that ensures all consumers receive funds and make payments in a way that meets their specific financial needs,” said Kathleen Tobin, head of Global Strategic Partnerships at IDEMIA.

“Mastercard is proud to support the Converged Card solution with our trusted partner IDEMIA," said Miguel Gamiño Jr., executive vice president, Global Cities, Enterprise Partnerships, Mastercard. "This Converged Card solution is the result of Mastercard's strategic partnership with IDEMIA, established in 2018 through City Possible, a unique global network for urban co-development. City Possible allows members to draw on the collective expertise and resources of all stakeholders in order to scale innovative solutions that address pressing global challenges. Over the past two years, we have collaborated to develop solutions that would enable financial inclusion worldwide."

IDEMIA, which already works with over 75% of states in the U.S. to provide physical driver’s licenses, is currently working with several states on a digital driver’s license that will be able to function in the same way as the physical Converged Card.

“With IDEMIA and Mastercard in partnership, we believe the capabilities of a multi-functional card with combined payment and identifications will increase in importance due to the demand to get funds into consumers’ hands quickly and easily without compromising security,” said Matt Thompson, senior vice president, Civil Identity for North America, IDEMIA. “We’re talking to multiple state leaders interested in the opportunity to provide this type of solution to their residents.”

“We see a massive opportunity for the convergence of identity and finance,“ said Eric Jorgensen, director, Arizona Motor Vehicle Division. “This solution creates an easy way for our citizens to access financial services to receive payments, including unemployment insurance benefits and tax refunds, or to make payments including vehicle registration fees, income taxes, and professional licensing fees. This creates a more secure environment for both citizens and the state as we can confirm that payments are going to real and eligible customers. We’re grateful for partners like IDEMIA and Mastercard that we can work with to provide our citizens with these impactful innovations.”

For more information about Mastercard’s City Possible network, visit www.citypossible.com

About IDEMIA

IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space.

Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors. With close to 15,000 employees around the world, IDEMIA serves clients in 180 countries.

For more information, visit www.idemia.com / Follow @IDEMIAGroup on Twitter

1 For more information on this solution, please see this video.[1]

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Contacts

Press contact:

Adam Gasper

adam.gasper@hkstrategies.com

M: +1 989 928 4462

Hill+Knowlton Strategies

www.hkstrategies.com

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Takeda Expands COVID-19 Vaccine Supply in Japan Through Partnership with Moderna and Government of Japan

 • Three-way agreement among Takeda, Moderna and the Government of Japan’s Ministry of Health Labour and Welfare (MHLW) to bring Moderna’s COVID-19 vaccine candidate (mRNA-1273) to Japan

• Takeda will import and distribute 50 million doses of mRNA-1273 in Japan from the first half of 2021

• Adds to Takeda’s partnership to manufacture and supply Novavax’ COVID-19 vaccine in Japan

• Expands Takeda’s support of pandemic preparedness in Japan

OSAKA, Japan-Saturday 31 October 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK), announced today that it will import and distribute 50 million doses of Moderna’s COVID-19 vaccine candidate, mRNA-1273, starting in the first half of 2021, pending licensure in Japan. This effort is part of a three-way agreement among Takeda, Moderna and the Government of Japan’s Ministry of Health Labour and Welfare (MHLW). Moderna has previously announced that the 30,000 participant Phase 3 clinical trial of mRNA-1273 at the 100 µg dose level in the U.S. is fully enrolled.

This follows Takeda’s recent announcement that it is establishing the capability to manufacture Novavax’ COVID‑19 vaccine candidate at its facilities in Japan to provide long-term supply to the Japanese population. Takeda’s efforts to bring Moderna’s and Novavax’ COVID-19 vaccine candidates to Japan are supported by the MHLW and the Japan Agency for Medical Research and Development (AMED).

“Takeda is collaborating with the Japanese Government and vaccine developers to provide rapid and sustained access to COVID-19 vaccines in Japan,” said Rajeev Venkayya, M.D., President of the Global Vaccine Business Unit, Takeda. “We have chosen to work with Novavax and Moderna, both of which have promising vaccine candidates, and will continue to support the global response to COVID-19 through R&D efforts across Takeda.”

Under the terms of the new agreement with the MHLW and Moderna, Takeda will be responsible for securing the necessary regulatory approvals prior to distributing 50 million doses of Moderna’s COVID-19 vaccine candidate in Japan. Moderna will provide finished product and will support Takeda with its development and regulatory efforts.

About Takeda’s COVID-19 Efforts

Takeda is taking a comprehensive approach to treat and prevent COVID-19 through multiple activities and partnerships focused on advancing development of a variety of potential therapies and vaccines. Takeda co-founded the CoVig-19 Plasma Alliance and joined forces with other leading plasma companies to develop and manufacture investigational hyperimmune immunoglobulin medicine in the global fight against COVID-19. The Alliance is also participating in The Fight Is In Us coalition and related convalescent plasma donation campaign. The company is also assessing existing Takeda products and those in development for activity against the COVID-19 virus, and has joined the COVID R&D Alliance, the IMI Care Alliance and the Accelerating COVID-19 Therapeutic Interventions and Vaccines (ACTIV) partnership. Takeda has partnered with the Government of Japan, Novavax and Moderna, to help accelerate the availability of a COVID-19 vaccine. We are leveraging our extensive and well-established global manufacturing and supply capabilities and building upon our existing influenza pandemic preparedness efforts in Japan. Takeda supports our partners and alliances in a shared goal to rapidly discover, develop and deliver effective treatments and vaccines for COVID-19 and ensure preparedness for future pandemics.

Takeda’s Commitment to Vaccines

Vaccines prevent 2 to 3 million deaths each year and have transformed global public health. For the past 70 years, Takeda has supplied vaccines to protect the health of people in Japan. Today, Takeda’s global vaccine business is applying innovation to tackle some of the world’s most challenging infectious diseases, such as dengue, COVID-19, Zika and norovirus. Takeda’s team brings an outstanding track record and a wealth of knowledge in vaccine development, manufacturing and global access to advance a pipeline of vaccines to address some of the world’s most pressing public health needs. For more information, visit www.TakedaVaccines.com.

About Takeda Pharmaceutical Company Limited

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to bringing Better Health and a Brighter Future to patients by translating science into highly-innovative medicines. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Diseases, Neuroscience, and Gastroenterology (GI). We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people's lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries.

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

Important Notice

For the purposes of this notice, “press release” means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (“Takeda”) regarding this release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

The companies in which Takeda directly and indirectly owns investments are separate entities. In this press release, “Takeda” is sometimes used for convenience where references are made to Takeda and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

Takeda Pharmaceutical Company Limited Forward-Looking Statements

This press release and any materials distributed in connection with this press release may contain forward-looking statements, beliefs or opinions regarding Takeda’s future business, future position and results of operations, including estimates, forecasts, targets and plans for Takeda. Without limitation, forward-looking statements often include words such as “targets”, “plans”, “believes”, “hopes”, “continues”, “expects”, “aims”, “intends”, “ensures”, “will”, “may”, “should”, “would”, “could” “anticipates”, “estimates”, “projects” or similar expressions or the negative thereof. These forward-looking statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those expressed or implied by the forward-looking statements: the economic circumstances surrounding Takeda’s global business, including general economic conditions in Japan and the United States; competitive pressures and developments; changes to applicable laws and regulations; the success of or failure of product development programs; decisions of regulatory authorities and the timing thereof; fluctuations in interest and currency exchange rates; claims or concerns regarding the safety or efficacy of marketed products or product candidates; the impact of health crises, like the novel coronavirus pandemic, on Takeda and its customers and suppliers, including foreign governments in countries in which Takeda operates, or on other facets of its business; the timing and impact of post-merger integration efforts with acquired companies; the ability to divest assets that are not core to Takeda’s operations and the timing of any such divestment(s); and other factors identified in Takeda’s most recent Annual Report on Form 20-F and Takeda’s other reports filed with the U.S. Securities and Exchange Commission, available on Takeda’s website at: https://www.takeda.com/investors/reports/sec-filings/ or at www.sec.gov. Takeda does not undertake to update any of the forward-looking statements contained in this press release or any other forward-looking statements it may make, except as required by law or stock exchange rule. Past performance is not an indicator of future results and the results or statements of Takeda in this press release may not be indicative of, and are not an estimate, forecast, guarantee or projection of Takeda’s future results.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028006324/en/

Contacts

Takeda Pharmaceuticals

Media in Japan

Kazumi Kobayashi

+81 (0) 3-3278-2095

kazumi.kobayashi@takeda.com

Media Outside Japan

Rachel Wiese

+1 917-796-8703

rachel.wiese@takeda.com

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Clarity AI Raises $15m to Fuel Expansion of Platform That Empowers Investors to Manage the Societal Impact of Their Portfolios

 • DEUTSCHE BÖRSE LEADS FUNDING ROUND - CONDUCTED 100% REMOTELY DUE TO COVID-19

• COMPANY REPORTS RISING DEMAND DURING PERIOD OF SOCIAL UNREST AND VOLATILITY

NEW YORK-Saturday 31 October 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Clarity AI announced today that it has closed a USD $15 million funding round led by Deutsche Börse AG and co-investor Mundi Ventures. Clarity AI empowers investors to manage the impact of their portfolios through a proprietary technology platform that leverages big data and machine learning to assess sustainability for all societal stakeholders.

“Our purpose is simple: to measure the impact of companies on our society and planet,” said Rebeca Minguela, Founder and CEO of Clarity AI. “Investors attempting to evaluate impact have faced fragmented and unreliable data, inconsistent subjective definitions, and a lack of standards and tools for comprehensive analysis. Historically it has been too hard and resource-intensive to get accurate and transparent insights. Clarity AI provides a solution for that.”

Since its founding in 2017, Clarity AI has attracted a client network representing in excess of $3 trillion of assets and funding from investors, including Kibo Ventures, Founders Fund, Seaya Ventures and Matthew Freud. The company has built the most reliable tech platform on social and environmental impact, featuring more than 30,000 companies, 198 countries, 187 local governments and over 200,000 funds. The company uses proprietary technology and algorithms to produce transparent assessments for investors that are the most consistent and comprehensive available.

The “Sustainable Investment” market has grown 34% in the last two years and now represents one third of total global assets under management (AUM) – $30.7 trillion (of a total of $79.2 trillion).1 This rapid growth comes as research shows that 81% of investors want to better understand and improve the impact performance of their investments, with millennials (in particular) demanding greater social impact transparency in their portfolios.2

In the last six months, Clarity AI has seen a significant increase in demand for its services, including signing clients with eight times the assets under management as in the preceding period.

Minguela added: “2020 has seen extraordinary volatility and uncertainty – from COVID-19 to social justice protests. It has never been more important for investors to have accurate insights on the true impact of the companies in which they place their trust and their money. That is why we are scaling up our business to enable investors to identify and support those companies helping to solve society’s biggest challenges.”

The $15 million investment will drive Clarity AI’s sustainable expansion plans, including scaling-up investment in proprietary technology and AI, as well as integrating with the world’s largest financial services platforms. This approach will make it even quicker and easier for investors and corporations to analyze and report sustainability and impact.

Deutsche Börse AG led the funding round, underscoring the strong alignment of the Clarity AI product offering with Deutsche Börse’s expanding presence in the sustainability space and the importance of accelerating the growth of a European-focused Impact and ESG technology platform. Clarity AI and Deutsche Börse are also exploring potential collaboration opportunities in various Deutsche Börse business areas, including Qontigo, a leading provider of indices and analytics.

Sebastian Ceria, CEO of Qontigo, said: “This partnership reflects our mutual commitment to the ongoing enhancement of sustainable investing and the application of the latest technology in pursuit of this goal. We were very impressed by Rebeca and her team’s vision for Clarity AI and the advanced technology platform they have created. We are excited to be in a partnership that puts impact at the heart of investment.”

Clarity AI has received widespread recognition for its positive impact and innovative approach, including being selected as a 2020 Technology Pioneer by the World Economic Forum and receiving awards from the Harvard Innovation Lab and funding from Horizon 2020, the European Union’s Research and Innovation program.

 

NOTE TO EDITORS

ABOUT CLARITY AI

Clarity AI is a global fintech company that empowers investors to manage the impact of their portfolios through a proprietary technology platform that leverages big data and machine learning to assess sustainability for all societal stakeholders. Founded in 2017 by Rebeca Minguela, Clarity AI has offices in the US, UK and Spain and a client network with over $3T assets under management (AUM). The company has a team of over 100 technology, sustainability and research experts with collective experience from leading organizations, businesses and research institutions including NASA, the World Bank, Google, Netflix, McKinsey & Company, Morgan Stanley, J.P. Morgan, Harvard, M.I.T and more.

Rebeca Minguela is the Founder and CEO of Clarity AI. Previously, she led the Global Digital Transformation Program at Santander Bank after founding and leading Blink Booking, a last-minute hotel booking app acquired by Groupon in 2013, a company she moved to as Senior Director of Product and Technology thereafter. Rebeca has also worked at Bain Capital Private Equity, Boston Consulting Group, German Aerospace Agency, Siemens and IBM. She holds an MBA degree with distinction from Harvard Business School and has won several awards, including Top 25 Women Leaders in Financial Technology in 2019 and 2020, Young Global Leader by the World Economic Forum in 2017 and European Young Leader in 2018.

For more information, visit https://clarity.ai/

ABOUT DEUTSCHE BÖRSE

As an international exchange organisation and innovative market infrastructure provider, Deutsche Börse Group ensures markets characterised by integrity, transparency and stability. With its wide range of products, services and technologies, the Group organises safe and efficient markets for sustainable economies.

Its business areas extend along the entire value chain in exchange trading, including the admission, trading and clearing, and custody of securities and other financial instruments, the dissemination of market data, as well as the management of collateral and liquidity. As a technology company, the Group develops state-of-the-art IT solutions and offers IT systems all over the world.

With around 6,000 employees, the Group has its headquarters in the financial centre of Frankfurt/Rhine-Main, as well as a strong global presence in 38 locations such as Luxembourg, Prague, London, New York, Chicago, Hong Kong, Singapore, Beijing, Tokyo and Sydney.

ABOUT ALMA MUNDI VENTURES

Alma Mundi is a Venture Capital fund investing in B2B tech and Insurtech startups across Europe, the United States and Israel. The investments range from early Seed and Series A, to Series B and later stages. The headquarters are in Madrid and offices in Barcelona, London and Tel Aviv. The portfolio includes startups in London, Paris, Amsterdam, Berlin, Tel Aviv, San Francisco and New York. They bring value to entrepreneurs by leveraging their LPs, leading European insurers, and a global network, called the Mundi Club, which groups more than 750 C-level executives in more than 50 cities worldwide.

1 Global Asset Management 2018: The Digital Metamorphosis, https://www.bcg.com/publications/2018/global-asset-management-2018-digital-metamorphosis; Global Sustainable Investment Alliance: 2018 Global Sustainable Investment Review, http://www.gsi-alliance.org/wp-content/uploads/2019/03/GSIR_Review2018.3.28.pdf

2 Harvard Law School Forum on Corporate Governance: Institutional Investor Survey 2020, https://corpgov.law.harvard.edu/2020/03/25/institutional-investor-survey-2020/

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Contacts

The One Nine Three Group

Stuart Davis

Stuart.davis@the193.com

+44 7808 611 048

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Nexo Doubles Earn on Crypto Interest Rates

 The financial institution raises yields on cryptocurrency savings and introduces Earn in NEXO feature as part of tokenomics model overhaul Nexonomics

LONDON -Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Nexo, the leading regulated financial institution for digital assets, today announced a two-fold increase on savings interest rates for cryptocurrencies BTC, ETH, XRP, BCH, LTC, EOS, LINK, XLM, TRX, and PAXG, offering yields of up to 8% APY through its Earn on Crypto product.

The substantial hike constitutes a 1% bump in savings interest rates on all supported cryptocurrencies, bringing rates for these assets up to 6% APY. The introduction of Earn in NEXO offers an extra 2% APY for savings in all digital and fiat assets the Nexo platform carries, respectively bringing maximum interest rates for the Earn suite to 8% and 12% for cryptocurrencies, and fiat and stablecoins.

The addition of Earn in NEXO to the company’s lineup – a feature allowing clients to collect interest in Nexo’s native token, regardless of the assets held and their volume – also marks the launch of the company’s Nexonomics campaign.

“With volatility rife around the second COVID wave and exacerbated by the US elections, we want to give our clients the financial stability and opportunities to guarantee their peace of mind – now and for the future. Few financial service providers can offer this. That Nexo can raise interest rates and scale up the NEXO’s tokenomics in times like these confirms how vital it is to maintain a sustainable business model and the importance of a market-neutral strategy,” said Nexo Co-founder and Managing Partner Antoni Trenchev.

The interest rate increase and Earn in NEXO launch are the first of a series of announcements under the lender’s Nexonomics initiative, devised to expand Nexo’s tokenomics model and boost NEXO, the enterprise’s token utility and value, while simultaneously amplifying the potential of the Earn on Crypto & Fiat suite. The full scope of Nexonomics, including a variety of upcoming upgrades and functionalities, will be revealed within December 2020.

Previously, Nexo interest rates ranged between 4% and 5% on cryptocurrencies, and 8% to 10% on fiat and stablecoins. The launch of Nexonomics also comes hot on the heels of several upgrades to Nexo's Earn on Crypto & Fiat suite, including the decision to introduce a PAX Gold earn offering to satisfy the community's interest in tokenized gold.

About Nexo:

Nexo is the world's leading regulated financial institution for digital assets. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products, ‘Send & Pay’, and sophisticated trading and OTC capabilities, while providing top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $3+ billion for nearly 1 million users across more than 200 jurisdictions.

Official website: https://nexo.io

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005868/en/

Contacts

Media contacts for Nexo:
Stella Zlatareva
stella@nexo.io
Sophie Parker
sophie@yapglobal.com

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Wipro to Acquire Encore Theme Technologies Private Limited, a Specialist Finastra Software Partner in Financial Services

 Wipro to be one of Finastra’s largest trade finance partners globally

BANGALORE, India-Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has signed a definitive agreement to acquire Encore Theme Technologies Private Limited (Encore Theme), a specialist in providing SaaS and Cloud solutions in financial services.

Over the past decade, Encore Theme - headquartered in Chennai, India - has focused exclusively on implementing a broad suite of Trade Finance solutions, developed by Finastra, one of the world’s largest fintechs, to financial institutions across the Middle East, Africa, India and Asia Pacific. They have successfully delivered more than 75 large scale Finastra Trade Finance projects for banks across these regions.

Financial institutions are all looking to modernize their trade platforms and focus on the end-to-end digitalization of commercial routines. Trade Finance is a strong revenue generation stream with a high cost base structure, where technology will play a big part in driving future growth. Wipro, a global strategic partner of Finastra, and Encore Theme will together enable this modernization for financial institutions.

Angan Guha, Senior Vice President and Global Head, Banking, Financial Services & Insurance, Wipro Limited said, “We are excited to have the team at Encore Theme join us. They bring a wealth of trade finance product expertise coupled with significant delivery experience of Finastra solutions for both Trade Finance and Cash Management implementations. Together with Wipro’s reach across the region and proven system integration capabilities, this will help strengthen our position as a dominant player across the globe implementing Finastra solutions.”

“Our customers and our team are our core strengths. We strongly believe this synergy will enable global reach, add value to all our customers and bring in new opportunities that will accelerate our growth and that of our team. The decision to join Wipro was driven by their core values of trust and respect to people and unyielding integrity in everything they do,” said R.K. Kanthimathinathan, Founder MD & CEO, Encore Theme Technologies Pvt Ltd.

Denise Parker, SVP, Partners and Ecosystem at Finastra, added, “On completion, this move will combine Wipro’s global managed services capabilities with Encore Theme’s deep domain trade and cash management expertise. It will drive value for customers via Finastra’s software, like Fusion Trade Innovation, which is amongst the world’s leading trade finance products, enabling banks to drive efficiencies and to reduce cost.”

The acquisition is subject to customary closing conditions and is expected to close in the quarter ending December 31, 2020.

About Encore Theme

Encore Theme is a global banking and financial software solution provider of Finastra Products. It is the fastest growing partner of Finastra across Middle East, Africa, India and Asia Pacific. It is also one of the largest Finastra partners for Trade Finance. Founded in 2006 and HQ at Chennai and additional offices in Mumbai and Dubai, Encore Theme offers trade finance solutions covering Fusion Trade Innovation Plus (FTI), Fusion Corporate Channels (FCC) for Trade and Fusion Cash Management (FCM). These are offered using SaaS model or License plus Professional Services model or a pure professional services model.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005818/en/

Contacts

Wipro Media Contact:

Purnima Burman

Wipro Limited

purnima.burman@wipro.com

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On the occasion of UN World Cities Day, Urban 20 (U20) Engagement Group of the G20, announces the creation of a “Global Urban Resilience Fund” in response to COVID-19

 Riyadh, Saudi Arabia-Friday 30 October 2020 [ AETOS Wire ]

The Urban 20 (U20), a G20 Engagement Group, today announced that it is working to create a Global Urban Resilience Fund, the first fund of its type developed by cities, for cities.

Speaking about the announcement U20 Chair, H.E. Fahd Al-Rasheed, President of the Royal Commission for Riyadh City, noted; “We have the opportunity right now to learn from the impact of COVID-19, to study how to build cities which are more resilient and agile. The cities of the U20 have taken the lead to develop a fund for city action to combat the pandemic and mitigate future urban shocks.  The goal of the fund is to accelerate the transmission of new learning and ideas for a more secure future for all urban residents.”

The Fund comes as a response to the findings of the U20 Special Working Group (SWG) on COVID-19, which was set up by the U20 Chair city, Riyadh, together with co-chair cities Rome and Buenos Aires.

Mayor of Rome Virginia Raggi commented, “The challenge of our times is the fight against the pandemic. A struggle that is not only a challenge to restore the best health conditions; but, more, it is remedying the economic consequences of the pandemic. Cities cannot tackle this alone: solid support from states is needed, but, at the same time, it is necessary to pool resources and create new tools. The Global Urban Resilient Fund represents an intelligent way to meet these needs, and the commitment of the next Italian U20 Presidency will be to carry this forward and make it concrete.”

The Special Working Group brought together a further ten member cities; Amsterdam, Helsinki, Houston, Izmir, Los Angeles, Madrid, Mexico City, Rio De Janeiro, Sao Paulo and Tshwane, along with seven Knowledge Partners; University of Pennsylvania, Coalition for Urban Transition, the Chicago Council on Global Affairs, OECD, International Finance Corporation (World Bank Group), Agence Française de Développement and Université Gustave Eiffel.

The U20 is currently working to define the details and modalities of the Fund which will be announced by the end of the year.

For further information, please see https://www.urban20riyadh.org/knowledge-hub

Contacts

Caroline Rowe

crowe@apcoworldwide.com

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nVent Unveils a New Generation of IIoT Monitoring Software for the Heat Tracing Industry

 

LONDON-Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today launched the nVent RAYCHEM Supervisor IIoT (Industrial Internet of Things) platform, which is designed to connect, control and monitor temperature-critical assets.

The first offering of nVent’s new IIoT platform will be nVent RAYCHEM Pipeline Supervisor, which the company expects to deliver a groundbreaking “temperature-sensitive” heat trace monitoring software solution. It will offer unique access to performance trends and rich actionable data insights to enable the safe and efficient operation of vital heat tracing infrastructure.

“The nVent RAYCHEM Supervisor IIoT platform represents the culmination of nVent’s experience with engineering and deploying critical heat tracing infrastructure,” says Brad Faulconer, President of nVent’s Thermal Management segment. “We are excited our first offering within this platform will be nVent RAYCHEM Pipeline Supervisor, which will feature state of the art software-based solutions for predictive maintenance of temperature-sensitive pipelines.”

nVent RAYCHEM Supervisor and Elexant Controllers

With installations in facilities owned by the world’s largest chemical producers and oil and gas refiners, nVent RAYCHEM Supervisor incorporates 17 years of field-proven experience in demanding industrial applications. Supervisor is designed to program and monitor nVent RAYCHEM electronic temperature control products from centralized and remote locations.

nVent’s recently-launched Elexant controllers combined with the Elexant 9200i wireless connectivity interface provide centralized control and seamless connectivity to streamline data integration, manage energy consumption and maximize operational efficiencies.

nVent RAYCHEM Pipeline Supervisor

nVent RAYCHEM Pipeline Supervisor will enable operators and field maintenance personnel to assess heat trace infrastructure health in real time with a flexible browser-based user interface, aimed to optimize flow assurance and reduce operating costs. Using predictive analytics, Pipeline Supervisor will provide advanced warnings of pending threats to the safe and secure operation of critical pipelines.

A Complete Turn-Key Solution

nVent provides a complete turn-key product and services package for all control and monitoring solutions with design, engineering and commissioning capabilities, for a successful deployment in the field. This includes a comprehensive services package to ensure customers are fully supported post-deployment. Furthermore, nVent RAYCHEM Pipeline Supervisor will be compatible for retrofits so it can be seamlessly incorporated into existing infrastructure.

Through ongoing investment in research and development, nVent continues to be at the forefront of IIoT software and controller innovation throughout the heat tracing industry.

For more information on nVent RAYCHEM Supervisor products, please visit raychem.nvent.com/IIoT.

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005864/en/

Contacts

Media Contacts:
Will Wright, +1-713-735-8740
nVent Marketing Manager
william.wright@nvent.com



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ATSG Delivers Boeing 767 Freighter to Astral Aviation of Kenya

 WILMINGTON, Ohio -Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Air Transport Services Group, Inc. (NASDAQ:ATSG) announced the delivery by its Cargo Aircraft Management subsidiary of a Boeing 767-200 converted freighter to Astral Aviation of Kenya under a five-year lease. This is the first aircraft ATSG has leased to Astral, as well as the first Boeing 767 that Astral has put into service.

“We are pleased to introduce the B767 freighter into our fleet,” said Sanjeev Gadhia, chief executive officer of Astral. “This aircraft will allow us to better serve the needs of our customers throughout our intra-African and Middle East networks, and ATSG’s support and assistance has been indispensable. Establishing a partnership with the world’s largest lessor of 767’s is something we have been after for some time now. I view this as the start to something special for Astral and all of sub-Saharan Africa.”

Astral currently provides scheduled and charter cargo service to more than 50 destinations in Africa and Europe, with its fleet of Boeing 747, Boeing 727, McDonnell Douglas DC-9, BAE ATP, Fokker 50 and Fokker 27 freighters operating out of bases in Nairobi and Liege.

Mike Berger, chief commercial officer of ATSG, said, “ATSG welcomes the opportunity to help Astral broaden its service offerings by delivering its first 767 aircraft, and we look forward to more opportunities to expand our relationship in the future with Sanjeev and his team.”

About Air Transport Services Group, Inc. (ATSG)

ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For more information, please see www.atsginc.com.

About Astral Aviation Ltd

Astral is an all-cargo airline based in Nairobi, Kenya. With a fleet of 14 cargo aircraft and a network of 50 destinations in Africa and Europe, Astral is the fastest growing cargo airline in Africa. During the Pandemic, Astral operated cargo flights for PPE, ventilators, and test kits to 42 countries in Africa and will play an important part in the distribution of the Covid vaccine to and within Africa. For more information, please see www.astral-aviation.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005861/en/

Contacts

Quint O. Turner,

ATSG Inc. Chief Financial Officer

937-366-2303

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Velodyne Lidar Sensors Power LineVision’s V3 Overhead Power Line Monitoring System

 Velodyne to Supply LineVision with Sensors to Improve Electric Utility Operation and Help Prevent Destructive Wildfires

SAN JOSE, Calif. -Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced a sales agreement with LineVision, Inc., a provider of solutions to monitor, optimize and protect the world’s critical electric power grid. LineVision uses Velodyne high-performance lidar sensors in its V3 overhead power line monitoring system to help electric utilities operate their grid more safely and efficiently.

Powered by Velodyne’s Puck™ sensor, LineVision’s technology provides utility clients with previously unavailable visibility on asset health for optimized management. This situational awareness assists utilities by identifying operational anomalies, helping to mitigate events that could cause wildfires or damage before they happen. Lines equipped with LineVision monitoring are safer, more reliable, and can carry up to 40 percent more power than unmonitored lines.

The LineVision V3 system leverages Velodyne’s sensors along with advanced analytics to continuously monitor the condition of electric power lines for safer and more reliable operation. The system can detect problems that include lines that are sagging, damaged by a storm, or experiencing dangerous extreme motion, or “galloping.”

“The tragic wildfires that the western United States is experiencing show it is critical to monitor overhead electric transmission lines to help reduce fire hazards,” said Anand Gopalan, CEO, Velodyne Lidar. “LineVision’s technology can help utilities prevent fires such as the ones that have had a devastating impact on our forests and neighborhoods. We are enormously proud to be partnering with LineVision on its important mission of making the power grid safer and more efficient.”

The V3 system also provides Dynamic Line Rating (DLR) capabilities so utilities can identify unused capacity on transmission lines, making it easier to integrate renewable energy resources into the power grid. LineVision’s clients include major utilities across the world with the company having recently announced a project with the Tennessee Valley Authority (TVA), among others.

“Velodyne is an important partner in helping us deliver the electric industry’s only non-contact overhead line monitoring solution,” said Jonathan Marmillo, Co-founder and Vice President of Product Management, LineVision. “The Puck provides our V3 system with what I believe is best-in-class image resolution and real-time data accuracy that are essential to helping our utility clients maximize the safety and efficiency of their lines.”

Velodyne Puck sensors provide rich computer perception data that make it quick and easy for companies to build highly accurate 3D models of any environment. The Puck delivers a high-resolution surround view image that can accurately measure and analyze the environment. It is a small, compact lidar sensor suitable for rugged industrial usage. The Puck’s reliability, power-efficiency and versatility make it an ideal solution for demanding infrastructure applications.

About LineVision

LineVision enables electric utilities to improve transmission line capacity, reliability and safety through advanced sensors and analytics. LineVision’s solution provides utility clients with previously unavailable visibility on asset health and safety. LineVision’s turnkey, non-contact systems can be rapidly deployed without the need for outages, live line work or specialized equipment. LineVision is dedicated to helping utilities optimize the performance of the electric power grid.

About Velodyne Lidar

Velodyne Lidar (NASDAQ: VLDR) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne is the first public pure-play lidar company and is known worldwide for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com.

Forward Looking Statements

This press release contains "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, competition. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Velodyne's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include Velodyne's ability to manage growth; Velodyne's ability to execute its business plan; uncertainties related to the ability of Velodyne's customers to commercialize their products and the ultimate market acceptance of these products; the uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; uncertainties related to Velodyne's estimates of the size of the markets for its products; the rate and degree of market acceptance of Velodyne's products; the success of other competing lidar and sensor-related products and services that exist or may become available; Velodyne's ability to identify and integrate acquisitions; uncertainties related to Velodyne's current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne's intellectual property; and general economic and market conditions impacting demand for Velodyne's products and services. Velodyne undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201029005298/en/

Contacts

Investor Relations

Andrew Hamer

Chief Financial Officer

InvestorRelations@velodyne.com

Media

Landis Communications Inc.

Sean Dowdall

(415) 286-7121

velodyne@landispr.com

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Andersen Global Extends Coverage in St. Kitts and Nevis

 SAN FRANCISCO-Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Andersen Global continues its Caribbean expansion through a Collaboration Agreement with full-service accounting firm Lanns-Monish & Associates, adding dimension to the organization’s presence in St. Kitts and Nevis.

Founded in 1991, the Basseterre-based firm is led by founder and Office Managing Director Marcella Lanns-Monish. The team of ten professionals provides tax and accounting services to domestic and international clients, including business advisory, corporate restructuring, tax compliance, payroll and risk advisory. In addition, they provide services to a variety of industries, including hospitality, tourism, manufacturing and the public sector.

“The dedication and stewardship of our team to provide clients with best-in-class service has helped us become leaders in our practice areas,” said Marcella. “This collaboration will allow us to take our client service to the next level and expand our reach more broadly. We are excited to work in tandem with Andersen’s collaborating and member firms both locally and internationally.”

Andersen Global Chairman and Andersen CEO Mark Vorsatz added, “We are quickly expanding in the Caribbean and with truly high-quality tax and legal firms. As we continue to rapidly expand in this region, teaming with like-minded individuals ensures we are even better equipped to provide seamless service globally. Our collaboration with Lanns-Monish, along with our recent addition of the HazelAlleyne Law Firm, gives us full coverage in St. Kitts and Nevis, and is another key link in the expansion of our organization in the region.”

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 6,000 professionals worldwide and a presence in over 211 locations through its member firms and collaborating firms.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201029005403/en/

Contacts

Megan Tsuei

Andersen Global

415-764-2700

Permalink : https://www.aetoswire.com/news/andersen-global-extends-coverage-in-st-kitts-and-nevis/en

Kioxia Corporation to Expand 3D Flash Memory Production Capacity by Building New Fabrication Facility at Yokkaichi Plant

 TOKYO-Thursday 29 October 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Kioxia Corporation, the world leader in memory solutions, today announced it will begin construction of a state-of-the-art fabrication facility (Fab7) at Yokkaichi Plant in Mie Prefecture, Japan to expand production of its proprietary 3D Flash memory BiCS FLASHTM. The construction of Kioxia Corporation’s Fab7 facility is expected to commence in the spring of 2021.

Due to technological innovation, the amount of data being generated, stored and used around the world has increased exponentially. Furthermore, the flash memory market expects further growth driven by cloud services, 5G, IoT, AI and automated driving. As a result, the production of cutting-edge products in Kioxia Corporation’s Fab7 facility will continue to meet the increasing demand for memory around the world.

The Fab7 facility will be built on the north side of Yokkaichi Plant, where land development is underway. In order to secure optimal production of advanced flash memory products, the construction of Fab7 will be divided into two phases, with the first phase of construction scheduled to be completed by the spring of 2022. Kioxia plans to fund the capital investments for the construction of Fab7 from its operating cash flow.

Consistent with Kioxia’s successful 20-year partnership with Western Digital, the two companies regularly collaborate on facility operation. Accordingly, Kioxia and Western Digital expect to continue their joint venture investments for the Fab7 facility.

The Fab7 facility will have an earthquake absorbing structure and an environmentally friendly design that includes the latest energy saving manufacturing equipment. Located in Yokkaichi Plant, which offers the world’s largest flash memory production capacity, the Fab7 facility will further boost Kioxia’s production capacity by introducing an advanced manufacturing system that utilizes AI.

Under its mission of uplifting the world with memory, Kioxia is focused on cultivating the new era of memory. Kioxia remains committed to enhancing its position in the memory industry through capital investment and research and development that reflect market trends.

About Kioxia Group

Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. The company pioneers cutting-edge memory solutions and services that enrich people's lives and expand society's horizons. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005537/en/

Contacts

For More Information

Public Relations

Kota Yamaji (kioxia-hd-pr@kioxia.com)

Kioxia Holdings Corporation

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Wipro Strengthens Partnership With SAP on Industry Cloud Solutions for Real Estate Sector

Launches the Tenant Acquisition Management Solution for Real Estate 

EAST BRUNSWICK, N.J. & BANGALORE, India-Thursday 29 October 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it will co-innovate with SAP SE on cloud-based solutions for the real estate industry.

Building on the Intelligent Enterprise strategy, SAP is expanding its vertical solutions to fill the whitespace in its portfolio with an ecosystem of industry cloud applications that leverage SAP® Cloud Platform with advanced technologies, and are interoperable with SAP Business Network and the intelligent suite. Partners are an integral part of SAP’s Intelligent Enterprise strategy and Wipro is contributing their industry insights and knowledge in the development of purpose-built solutions for the real estate industry.

To start with, Wipro has launched the Tenant Acquisition Management (TAM) solution for the real estate industry. Anchored with intelligent technologies like robotic process automation, artificial intelligence and machine learning, the TAM solution enables faster deal conversion with respect to tenant leasing by providing a seamless, real time and consistent experience for leasing agents to perform ‘Lead to Lease’ activities. It can be integrated as a cloud extension to SAP Customer Experience and SAP S/4HANA® software as well. Further, the solution also leverages Wipro’s preconfigured industry solution for real estate to accelerate SAP S/4HANA® deployments and manage end-to-end real estate business processes.

Srinivas Sai Nidadhavolu, Vice President and Global Practice Head - SAP Services, Wipro Limited said, “Wipro and SAP’s collaboration will spur innovation to help customers solve real world business challenges. This initiative will help real estate businesses to constantly innovate and differentiate themselves in the marketplace. We will continue designing new solutions for other industries as well.”

Johnny Clemmons, Head of the SAP Engineering, Construction and Operations Industry Business Unit said, “The TAM solution developed by Wipro fills critical whitespace in our portfolio and enables a more seamless lead-to-lease process for our customers. This is a perfect example of how co-innovation between our organizations can deliver value for our joint customers. We look forward to jointly solving more business problems for our real estate customers with additional industry cloud solutions.”

Wipro’s TAM solution is an SAP-validated partner app available on SAP App Center, the digital marketplace for SAP partner offerings. Find, try, and buy Wipro’s TAM solution at www.sapappcenter.com. For each purchase made on SAP App Center, SAP will plant a tree.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future. For more information, please visit www.wipro.com.

Wipro Forward-looking and Cautionary Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control.

Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

SAP Forward-looking Statement

Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC), including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201027006305/en/

---

Contacts

Shraboni Banerjee
Wipro Limited
Shraboni.banerjee@wipro.com

 

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Pulse Electronics Switches to Rimini Street Support for its SAP Applications

 Leading components manufacturer reduces support and maintenance spend; diverts support savings to help fund business intelligence initiatives

LAS VEGAS-Thursday 29 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that Pulse Electronics, a leading components manufacturer for the automotive and telecommunications industries, has switched to Rimini Street support for its SAP ECC 6.0 and Business Objects software. With the savings achieved by switching support providers, Pulse was able to divert its liberated funding to invest in business intelligence (BI) capabilities including artificial intelligence (AI) technologies to enable growth and competitive advantage during a year when new spending may not have otherwise been possible. The company was also able to defer an expensive forced migration to S/4HANA, required to remain in full support with the vendor, and instead has taken complete control of its IT roadmap to support the businesses’ objectives versus the vendor’s dictated roadmap.

Budget Balancing Act – Reduce IT Operations Expense and Increase Funding for Innovation

Pulse Electronics based in San Diego, is part of Taiwanese parent company Yageo. The company designs and manufactures a wide range of components for various industries, with more than 70 percent of its products designed in collaboration with customers. Pulse uses its SAP system for several critical functions including finance, operations, supply chain and warehouse management. As its business operations are required to run 24/7, any interruption to its operations would mean a major loss of revenue. In order to sustain its leadership in a highly competitive market, the company must adapt quickly to changing market dynamics. For Pulse’s global IT director, Alan Wong, adapting quickly means having the time and resources available to pursue innovations that drive business growth and make it possible to navigate this fast-paced market.

Wong divides his IT budget into three tiers – day-to-day business operations, business growth and innovation. With a need to invest more in innovation, Wong began to investigate expenditures in the business operations tier and discovered that its SAP application support costs, including related upgrade costs and additional add-on fees, were consuming a significant portion of the IT budget. This was identified as a low-return expenditure to address as quickly as possible.

“It became evident that to sufficiently fund our innovation initiatives, including adding business intelligence capabilities, we needed to take a completely different approach and immediately release some funding from one of our budget tiers,” said Wong. “We considered moving off SAP’s support to self-support the system internally, but this was simply not practical. All of these reasons pointed us in the direction of third-party support, and we couldn’t be happier with our decision to move to Rimini Street.”

By switching to Rimini Street Support, Wong was able to free up funds from his day-to-day operations budget specifically allocated to SAP support and maintenance, and instead divert this funding to BI and AI technologies to strengthen the cognitive and intelligence capabilities of their ERP platform, including sales-related predictive analysis to derive insights that help support the businesses objectives in an increasingly competitive market.

“Macro-disruption due to the global pandemic may have slowed our progress but investing in innovation is still very much in reach thanks to switching to Rimini Street,” continued Wong.

Superior Support Capabilities with a Compelling Financial Benefit

Once Pulse made the move to Rimini Street, the organization immediately experienced a superior level of support that they had not previously experienced with the vendor. This included receiving a smooth onboarding and archiving process, support for its SAP software customizations at no additional cost, and an ultra-responsive service with highly experienced engineers.

As with all Rimini Street clients, Pulse benefits from the Company’s flexible, premium-level enterprise software support model, including its industry-leading Service Level Agreement (SLA) of 10-minute response times for all critical Priority 1 cases. Clients are also assigned a Primary Support Engineer, backed by a team of functional and technical experts, who have an average of 15 years’ experience in the client’s software system.

“We are pleased that we are able to help businesses such as Pulse Electronics reduce their costs and optimize budgets to enable them to invest those savings into innovation initiatives that aid in business growth, especially during times of economic uncertainty as we are experiencing today,” said Andrew Seow, regional general manager, Southeast Asia and Greater China, Rimini Street. “Increasingly companies across South East Asia, Greater China and around the world, are turning to Rimini Street for support of their enterprise software systems to receive a higher quality of support and reduce costs, giving them the peace of mind and resources to focus on their most pressing business initiatives.”

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 3,500 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the duration of and economic, operational and financial impacts on Rimini Street’s business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt Rimini Street’s business or that of its current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; Rimini Street’s need and ability to raise additional equity or debt financing on favorable terms and Rimini Street’s ability to generate cash flows from operations to help fund increased investment in Rimini Street’s growth initiatives; the sufficiency of Rimini Street’s cash and cash equivalents to meet its liquidity requirements; the terms and impact of Rimini Street’s outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of Rimini Street’s recently introduced products and services, including its Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services Rimini Street expects to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those risks discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on August 5, 2020 and as updated from time to time by other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2020 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005044/en/

Contacts

Michelle McGlocklin

Rimini Street, Inc.

+1 925 523-8414

mmcglocklin@riministreet.com

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SES and CANAL+ Strengthen Partnership With Long-Term Extensions across Western Europe, Central Europe and Africa

Substantial agreements across three orbital positions serve more than 10 million subscribers and add more than EUR 230 million in secured backlog 

LUXEMBOURG-Thursday 29 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- SES and CANAL+ have signed new long-term strategic agreements for satellite capacity across three geographies, strengthening the companies’ longstanding partnership and underlining the importance of satellite in delivering premium content to more than 10 million subscribers.

The multi-transponder contract renewal extends SES and CANAL+ relationship to the end of the decade. It enables SES to support the French pay-TV operator in broadcasting its high-quality bouquets to millions of households around the world via 19.2 degrees East, 23.5 degrees East and 22 degrees West. The new contract represents additional secured backlog of over EUR 230 million and includes options for additional capacity and extensions.

Partners with SES since 1995, CANAL+ will continue to utilise satellite capacity to broadcast bouquets of channels in ultra high definition (UHD), high definition (HD) and standard definition (SD) for its various businesses to reach over 10 million TV households via SES’s orbital positions:

• ASTRA’s prime orbital position 19.2 degrees East for distribution of the CANAL+ premium pay-tv bouquet in France;

• ASTRA’s prime orbital position 19.2 degrees East for distribution of TNTSAT, the free-to-view digital terrestrial television satellite television offering in France;

• ASTRA’s prime orbital position 23.5 degrees East and 19.2 degrees East for CANAL+’s subsidiary, the Luxembourg-based M7 which operates a series of independent pay-TV platforms across the Benelux and Central European region;

• SES-4 at 22 degrees West for distribution of the CANAL+ Afrique bouquet across Africa

“Extending our partnership with SES was a natural choice, since we have a long and successful partnership in delivering superior quality video experiences to diverse audiences around the world. This agreement across three orbital slots demonstrates that satellite is at heart of our pay-tv operations throughout the world. We look forward to many more years of working together to ensure we reach the widest possible TV audiences,” said Jacques du Puy, CEO, CANAL+ International.

“CANAL+ is an iconic global company and brand that evokes quality, innovation and outstanding content and is among our longest standing and most valued customers. We are incredibly proud of the trust that CANAL+ has placed in SES and it underscores our mutual belief in the power of satellite to broadcast the best content, in the highest definition to the broadest base of subscribers on a global basis. This agreement ensures that we will continue to serve the neighbourhoods that we have built together for the next decade and beyond.” said Steve Collar, CEO at SES.

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About SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,300 channels and has an unparalleled reach of 367 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201029005375/en/

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Contacts

For further information:
Suzanne Ong
External Communications
Tel. +352 710 725 500
suzanne.ong@ses.com

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Andersen Global Initiates Expansion into Albania

 SAN FRANCISCO-Thursday 29 October 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Andersen Global continues to focus on its expansion strategy in the European region with the addition of KALO & ASSOCIATES in Albania.

The firm, founded in 1994 by Managing Partner Perparim Kalo, is a leading law firm in Albania. With a team of eight Partners and 30 professionals, the firm has proven capabilities in banking and finance, corporate, commercial litigation and arbitration, employment, tax, infrastructure, intellectual property, and real estate. In addition to working with large projects and investors and IFIs, including a number of Fortune 500 companies, the firm has contributed to the development of a modern commercial legislation and regulatory framework through involvement in the drafting of laws on secured transactions, financial leasing, pension funds, collective investment funds, telecommunications, concessions, renewable energy and energy efficiency. Additionally, the firm is highly ranked by IFLR1000, Chambers and Legal 500.

“As the business environment continues to change and our clients’ operations continue to grow, they want to partner with a firm that possesses the skills, knowledge and ability to adapt to their evolving needs,” Perparim said. “Collaborating with Andersen Global will enable us to enhance our capabilities and support the growth of our clients by providing seamless service regardless of borders.”

Andersen Global Chairman and Andersen CEO Mark Vorsatz added, “Our expansion strategy has allowed our organization to rapidly scale its platform globally, creating a formidable presence that consists of firms who set the standard for client services in their respective markets. Perparim and his team are no exception and demonstrate the highest professional standards and a commitment to stewardship. They provide additional synergistic coverage to the region and integrate well with our global approach.”

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 6,000 professionals worldwide and a presence in over 210 locations through its member firms and collaborating firms.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005405/en/

Contacts

Megan Tsuei

Andersen Global

415-764-2700

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Thales Launches Its Identity Verification Suite, a Secure Biometric Solution for Customer Onboarding

 • Thales’s Gemalto Identity Verification Suite (IDV) minimizes ID fraud risks by verifying document authenticity so that service providers can digitally check identities of new customers.

• IDV is designed to onboard more users in a secure remote environment, offering a smooth user experience.

• The 100% automated solution leveraging Thales Artificial Intelligence, guarantees user privacy, high-level security and deployment flexibility.

PARIS LA DÉFENSE-Thursday 29 October 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Thales, world leader in digital security, has launched its Identity Verification Suite, in response to the rising need of remote client onboarding. With privacy and user experience as its heart, the IDV Suite enables a secure and 100%-AI identity verification service. It integrates the latest facial recognition technology, document security features recognition and machine learning engines. The solution addresses the Covid-19 environment with touchless interactions, allowing service providers to reach end users via their mobile handsets or the web.

Secure identity verification has become a crucial part of online security and digital onboarding, and constitutes a significant opportunity for businesses. In cases such as digital enrolment or KYC (Know Your Customer) regulations, ID verification is critical in order to efficiently detect fraud and therefore build user trust in the digital world.

The IDV Suite designed by Thales allows a secure and smooth user journey for markets from the travel industry (airlines and airport security, car rental companies, public and private transportation), telecom operators, banks, citizen services (International Driving Permit), and all types of online service providers looking to meet their KYC needs. To ease the deployment of the solution, Thales provides flexible onboarding options including a highly secure connection to Thales IDV server in SaaS (Solution as a service) mode.

The modular solution offers flexibility to deploy a single solution across all channels, whether through mobile applications, websites, or a network of dedicated document scanners, thus aligning with the security expectations of each industry. From checking the validity of the Machine-Readable Zone (MRZ) of an ID document to more advanced control under white light, infra-red and UV checks, the suite can also securely perform contactless NFC verification using the chip of e-documents.

Advanced facial biometric technology is also a key feature in the IDV Suite, integrating passive liveness detection to facilitate end-user experience. The customer is asked to take a selfie, and then the solution transparently analyzes the liveness of the selfie and securely matches it against the portrait on the ID document, allowing for quick and efficient identity biometric verification.

“COVID-19 has created a number of key global shifts that are shaping the method in which people are accurately identified when signing up to new accounts or interacting with digital services. Goode Intelligence forecasts that electronic identity and document verification service adoption, in such crisis context, will be accelerated by 15-20 percent,” said Alan Goode, CEO & Chief Analyst at Goode Intelligence. “Thales IDV suite addresses the urgent imperative to identify people in a trustful and ‘touchless’ way which offers service providers a smart solution to securely onboard users”.

About Thales

Thales (Euronext Paris: HO) is a global high technology leader investing in digital and “deep tech” innovations –connectivity, big data, artificial intelligence, cybersecurity and quantum technology – to build a future we can all trust, which is vital to the development of our societies. The company provides solutions, services and products that help its customers –businesses, organisations and states – in the defence, aeronautics, space, transportation and digital identity and security markets to fulfil their critical missions, by placing humans at the heart of the decision-making process.

With 83,000 employees in 68 countries, Thales generated sales of €19 billion in 2019 (on a basis including Gemalto over 12 months)

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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201029005392/en/

Contacts

PRESS CONTACT

Thales, Media Relations

Digital Identity & Security

Vanessa Viala

+33 6 07 34 00 34

vanessa.viala@thalesgroup.com

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