Dubai Chambers unveils ‘The Deals Hub’ to unlock global trade and investment opportunities during Dubai Business Forum

 Dubai, United Arab Emirates - Wednesday, 27. September 2023

Dubai Chambers has unveiled The Deals Hub, a new impact-driven platform that creates an innovative space for global business leaders and investors to announce partnerships and deals during the upcoming Dubai Business Forum, which takes place at Madinat Jumeirah in November.

Hosted under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai Business Forum will bring together key stakeholders from the government and private sectors across the globe to explore strategic economic partnerships, develop international networks, and open new horizons for business, trade, and investments.

The launch of The Deals Hub creates a dedicated space to forge and announce major business initiatives, partnerships, and investments, with signings witnessed by senior government officials, prominent figures from the public and private sectors, and representatives from the global media.

H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “The Dubai Business Forum creates a unique platform for deals and investments that will unlock exciting opportunities and promote sustainable economic growth. The launch of The Deals Hub underlines Dubai’s growing position as a leading capital of the global economy and reflects the emirate’s success in attracting foreign investment and supporting business expansion.”

The Deals Hub will host a full spectrum of agreements including major partnerships, joint ventures, and mergers and acquisitions; IPOs, large investments, and fundraising rounds; government contracts, cross-border trade agreements, and MoUs.

The Dubai Business Forum takes place at Madinat Jumeirah on 1-2 November.

To register for the event, please visit register.dubaibusinessforum.com

About Dubai Chambers:

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber and the formation of three chambers for the emirate, namely, Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under Dubai Chambers. For more information, please visit us on www.dubaichambers.com

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Contacts

Mohamad Mouzehem

PR & Corporate Communications

Tel: +971 4 2028537

Email: mohamad.mouzehem@dubaichamber.com

Andersen Launches Global Valuation Practice

 SAN FRANCISCO - Wednesday, 27. September 2023 AETOSWire 

Adds Valuation Capabilities in more than 20 Countries across North America, Europe, Latin America, the Middle East, and Asia

(BUSINESS WIRE) -- Andersen, the fastest-growing independent, multidisciplinary professional services firm in the world, has launched a new global valuation practice to broaden its platform of tax, legal and related services for clients. Andersen’s global valuation team works with companies, funds, high-net-worth individuals, and family offices to provide valuations of businesses, tangible and intangible assets, and complex securities for tax, financial reporting, and transaction advisory purposes. Its clients span a wide range of industries from technology to manufacturing, and agriculture to biopharmaceuticals.

At launch, Andersen’s global valuation practice has a presence in more than 20 countries worldwide, throughout North America, Europe, Latin America, the Middle East, and Asia.

“Tax, legal and valuation are intricately related, yet no other professional services firm offers all of these capabilities on a global scale under one roof,” said Andersen Global Chairman and CEO Mark Vorsatz. “Our vision at Andersen is to create a platform where clients can have a seamless experience working with one multidisciplinary firm they can trust, anywhere in the world. We’re aiming to become one of the largest independent valuation firms in the world within the next few years.”

Andersen’s new global valuation practice is led by Managing Director Sid Luckenbach, who has been the national leader for the firm’s valuation offering in the U.S. for the past 18 years.

“Business structures and financial instruments are becoming more complex,” Luckenbach said. “It gets even more complicated when you’re dealing with cross-border and multi-jurisdictional transactions. That’s why the traditional approach is no longer sufficient. Our global valuation practice brings together deep expertise and the geographic reach that clients need, regardless of where their assets are located.”

Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 14,000 professionals worldwide and a presence in over 400 locations through its member and collaborating firms.

 

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Contacts

Megan Tsuei

Andersen Global

415-764-2700

 

LESSENGERS Begins Volume Production of 800G AOCs and Transceivers – Incorporating “Direct Optical Wiring” Technology – for AI/ML Clusters and Hyperscale Data Center Operations

GLASGOW, Scotland - Wednesday, 27. September 2023

Latest advance in optical component design offers several operational and economic benefits.

(BUSINESS WIRE)--LESSENGERS Inc., a provider of innovative optical components based on its patented “direct optical wiring” (DOW) technology, today announced that its new 800G transceiver product (800G OSFP SR8), will begin volume production in the Q4 2023 and begin shipping to customers. DOW is a polymer-based air-cladded waveguide technology that is particularly useful for optical interconnects in the data center and high-performance computing environments.

DOW connects the active photonic devices such as laser diodes or photodiodes directly to the optical fiber, providing high-density and high-speed optical signal connectivity between switches, servers, and other devices within the data center or HPC clusters. This capability enables several operational efficiencies and economic benefits, such as:

No active alignment – cost-competitive optical coupling

No use of multi-channel lens assembly – near-zero optical crosstalk

No air gap – dramatically lower reflection noise

High degree of freedom in heat sink design – much lower junction temperature

These attributes make the 800G OSFP SR8 and other products for high-speed active optical cables and transceivers high-performance, highly reliable and cost compelling.

“Demand for optical connectivity in AI Clusters is accelerating innovation”, commented Dr. Vladimir Kozlov, CEO and Founder of LightCounting. “New designs of pluggable and co-packaged optical engines rely on high density parallel connectivity, which need new packaging and fiber-coupling methods. Direct optical wiring, developed by LESSENGERS, is a great example of such new approaches.”

“We are proud to announce the volume production of DOW-based 800G AOCs and transceivers,” said Chongcook Kim, CEO at LESSENGERS. “The use of DOW technology enables us to achieve high-performance and low-noise optics by its nature allowing us to streamline the production process flow with complete automation.”

LESSENGERS is participating at next week’s European Conference on Optical Communications (ECOC) in Glasgow at the SEC – at MR31 and Booth #306.

About LESSENGERS

LESSENGERS is an innovative optical solution provider, powered by its patent DOW technology, which enables cost effective direct optical coupling without the use of lens optics. This provides the most suitable solution for data center applications such as 800G/1.6T optical transceivers, active optical cables (AOCs), on-board, near packaged, or co-packaged optics.

 

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Contacts

 

LESSENGERS Inc.

Taeyong Kim, Ph.D

Chief Marketing Officer

+82-10-6549-7654

taeyong.kim@lessengers.com

NTT DOCOMO: OREX Announces OREX® Open RAN Service Lineup

 TOKYO - Wednesday, 27. September 2023

—Achieves TCO reduction of up to 30% and reduces power consumption by up to 50%—

(BUSINESS WIRE) -- NTT DOCOMO, INC. announced today its brand-new service lineup of OREX RAN, OREX SMO, and OREX Services, part of its commitment to becoming an Open RAN service provider for international telecom operators. Through this announcement, the company aims to provide clarity and mutual understanding among international telecom operators regarding the services offered by OREX, thereby facilitating its further expansion.

OREX is DOCOMO’s Open RAN service brand, developed in collaboration with multiple global vendors. It can be customized to address the unique challenges of each customer. The introduction of OREX Open RAN services is expected to reduce clients’ total cost of ownership by up to 30% when the costs of initial setup and ongoing maintenance are taken into account. It can also reduce the time required for network design by up to 50%. Additionally, OREX reduces power consumption at base stations by up to 50%.

In the OREX RAN offering, OREX leverages the features of Open RAN, allowing the combination of various vendor products to provide base stations that are highly cost-effective. Leveraging the knowledge gained from DOCOMO’s unique experience in building mobile networks with multiple equipment vendors since the 4G era, OREX integrates the strengths of its 13 OREX PARTNERS to offer an extensive range of virtualized radio base networks (vRANs) and radio units (RUs) compatible with the range of different frequencies in use in various countries. With the addition of seven new RU vendors, OREX is poised to meet the demands of an even larger customer base.

With OREX SMO, OREX provides software developed by NTT Corporation to facilitate the efficient design, configuration and monitoring of wireless access networks, enabling autonomous and optimized device operation. Adoption of OREX SMO allows the automatic optimization of network design, reducing design workload by up to 50%, particularly in complex cases that would normally take several weeks. It also reduces operational workload by automating tasks such as the adjustment of the antenna angle of base stations, which is critical for securing the coverage area. OREX SMO is compliant with the standard specifications defined by the O-RAN ALLIANCE.

OREX Services provide the procurement and system integration required for the adoption of OREX RAN and OREX SMO, as well as post-implementation operational support and maintenance.

On September 22, DOCOMO initiated the deployment and operation of OREX RAN and OREX SMO in its domestic 5G network, incorporating base station software from Fujitsu Limited, cloud platform from Wind River, hardware accelerator from NVIDIA, and COTS server with Intel processors. Building on the operational experience they have accumulated within DOCOMO’s network, these companies plan to enhance OREX Open RAN services and expand their product combinations, striving to offer improved cost-effectiveness and reliability.

Going forward, DOCOMO will continue to support global telecom operators in their adoption of Open RAN with its new OREX offerings, strengthening its cooperation with global partners to make Open RAN a reality. In addition, DOCOMO will leverage the technology by applying the All-Photonics Network to transport network in Open RAN, following the concept of the Innovative Optical and Wireless Network (IOWN) promoted by the NTT Group. It will also utilize low-power servers equipped with photonics-electronics convergence technology and integrate OREX SMO with IOWN’s Cognitive Foundation.

OREX is a trademark of NTT DOCOMO, INC.

For more detailed information, please refer to the full press release available at www.docomo.ne.jp/english/info/media_center/pr/

About NTT DOCOMO

NTT DOCOMO, Japan's leading mobile operator with over 87 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities ("+d" partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations.

https://www.docomo.ne.jp/english/

 

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Contacts

For further information, please contact:

NTT DOCOMO

Mr. Koinumaru or Mr. Yoshioka

Brand Communication Department

Tel: +81 (0)3 5156 1366

Fax: +81 (0)3 5501 3408

www.docomo.ne.jp/english/

Hithium Battery Production Facility Certified Carbon Neutral

 XIAMEN, China - Wednesday, 27. September 2023 AETOSWire Print 

International distinction is based on evaluation of plant’s carbon footprint and high-quality offsets

Company aims for carbon neutrality throughout industry chain by 2035

 

(BUSINESS WIRE)--Stationary battery manufacturer Hithium’s production facility at its headquarters in Xiamen, China, has received the globally recognized carbon neutrality certification PAS 2060 (Certificate number: 0412TZH01106). This certification standard builds on established methodologies, according to TÜV Süd, to calculate the plant’s carbon footprint (such as the GHG-Protocol and ISO 14064) and it assesses, where needed, the impact of high-quality offsetting certificates from climate projects (including CDM, JI, GS, and VCS).

The company aims for the factory to serve as an energy storage industry benchmark, raising the standard for sustainable production as one of the earliest battery production sites in China to receive this certification.

Hithium General Manager Jason Wang commented: “We’re very proud to have achieved this certification so quickly and to be setting a high standard for our industry. Our approach to meeting ESG goals and achieving sustainable manufacturing is rooted in our company culture. From company leadership to every team member, whether in research or sales or on the production line, we see reducing our own carbon emissions as a core commitment.”

On the occasion of its carbon neutral plant certification, Hithium also announced its broader carbon neutrality goals:

Carbon neutrality in group operations by 2025

To achieve carbon neutrality in the core operations of the entire group (scope 1 and 2), Hithium will use over 40% renewable electricity, as well as reduce by 15% the average carbon emissions both of its products and across its supply chain (compared to the benchmark year 2022), and a recycling rate of over 20% for scrapped raw materials.

Carbon neutrality in global manufacturing by 2028

Hithium’s goal is to reach 100% use of renewable electricity in the group, with global battery manufacturing bases certified as carbon neutral factories, to reduce by 30% average carbon emissions both of products and in the supply chain (compared to the benchmark year 2022), with a recycling rate of over 40% for scrapped raw materials.

Carbon neutrality throughout the industry chain by 2035

By 2035 Hithium aims to achieve carbon neutrality in the entire chain of the group (scope 1, 2, and 3), throughout the product lifecycle (excluding the use stage), and a recycling rate of over 80% for scrapped raw materials.

As part of its sustainability objectives, the 2019-founded manufacturer also recently registered with the emissions and ESG tracking agency Achilles and joined the United Nations Global Compact (UNGC). The company’s implementation plan for reaching these goals includes production process improvement, intelligent applications, the increasing use of clean energy and recyclable materials, and low-carbon technology research and development.

About Hithium

Founded in 2019, Hithium is a leading manufacturer of top-quality stationary energy storage products for utility-scale as well as commercial and industrial applications. With four distinct R&D centers and multiple “intelligent” production facilities, Hithium’s innovations include groundbreaking safety improvements to its lithium-ion batteries as well as increases in lifecycle. With decades of cumulative experience in the field among its founders and senior executives, Hithium leverages its specialization in BESS to deliver partners and customers unique advances in energy storage. The company is based in Xiamen, China, with further locations in Shenzhen, Chongqing, Munich, and California. Hithium has shipped 11 GWh of battery capacity, 5 GWh in 2022 alone, and is expanding its current 45 GWh of production capacity to 70 GWh by the end of 2023.

 

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carol.wu@hithium.com

Demand Increases for Project Professionals with AI Skills, Yet PMI Research Finds Only 18% Have Practical Experience

 PHILADELPHIA 

PMI commits to supporting project professionals in their pursuit of AI mastery in project management, offering tools, training, and community opportunities to forge or hone critical AI skills

 

(BUSINESS WIRE)--Project Management Institute (PMI), the world's leading organization for the project management profession, is empowering millions of global project professionals worldwide to adopt, embrace, and leverage artificial intelligence (AI), machine learning (ML), and generative AI (GenAI). PMI is developing the tools, resources, and learning opportunities – including a free, introductory online course entitled “Generative AI Overview for Project Managers” – project professionals need to leverage AI powered technology while preserving the human touch in project management.

According to McKinsey, GenAI and other technologies have the potential to automate work activities that absorb 60 to 70 percent of employees’ time today. But tools cannot automate interpersonal skills, the invaluable and very necessary skills project managers bring to projects. Communication, problem-solving, collaborative leadership, and strategic thinking – skills PMI calls “power skills” – will continue to be crucial to project success. In fact, PMI research finds that organizations that place a high priority on power skills are significantly better at completing projects that meet business goals. Additionally, they waste less investment due to poor project performance compared to the global average (4.8 percent vs. 5.2 percent), and far less than organizations that put a low priority on power skills (8.8 percent).

“I see an incredible opportunity to elevate the leadership role of project professionals in their organization, thanks to the AI-driven disruption,” said Pierre Le Manh, President & Chief Executive Officer of PMI. “Project professionals are natural learners, problem solvers, innovators and they get things done. Now is the time for us to lead the AI transformation of organizations.”

STAY CURRENT AND SHARPEN SKILLS AT THE AI IN PROJECT MANAGEMENT PAGE ON PMI.ORG

To keep up with the latest developments in AI technology, project professionals must prioritize continuous learning. The Artificial Intelligence in Project Management Resource Center on PMI.org is the destination for learning to navigate a new era of efficiency, insight, and growth. The page, complete with AI insights and learning opportunities, will be updated consistently with new, thought-provoking survey findings, thought leadership, industry analysis, academic research, and community-contributed content and publications. The varied data sources – inclusive of PMI's vast community of academic partners, enterprise partners, and millions of project professionals, combined with proprietary research – will set this content apart and make it the go-to resource for project professionals and organizations striving to leverage these tools to improve project success.

PMI will post two new articles in October 2023. Key insights from these articles include:

Project managers can leverage AI for project productivity and enhance power skills. According to the 2023 PMI Annual Global Survey on Project Management, the top three ways project managers use AI are reporting (34%), decision support (33%), and communication (26%). While AI can take on productivity tasks like planning and budgeting, project managers are also using AI as a tool to sharpen specific power skills, so their human interactions and strategic decisions are stronger.

AI Adoption will only increase, so project managers need to upskill quickly to take advantage of this enormous career opportunity. The 2023 PMI Annual Global Survey on Project Management found that 82% of senior leaders said AI will have at least some impact on how projects are run at their organization over the next five years. However, unpublished PMI Customer Experience (CX) research found that only 18% of project managers report having extensive or good practical experience with AI tools and technologies, and 49% have little to no experience with or understanding of AI in the context of project management.

Building organizational resilience, leveraging technical skills, and upskilling teams will help organizations remain competitive. AI is a major disruption that requires businesses to transform. While technical skills are an important part of widespread AI adoption, it is just one piece of the puzzle. For AI to work, organizations need resilience. The BRIGHTLINE® Initiative and Thinkers50 book Building Resilient Organizations, states that organizations must have a clear vision, a flexible mindset, and empowered teams to foster widespread collaboration.

BUILD FOUNDATIONAL KNOWLEDGE WITH A NEW FREE, INTRODUCTORY COURSE – “GENERATIVE AI OVERVIEW FOR PROJECT MANAGERS”

To help project professionals gain the foundational knowledge they need to master AI in project management, PMI launched a free course to serve as a gateway to learning titled “Generative AI Overview for Project Managers.” It provides learners with practical knowledge for using AI that they can apply to their projects immediately. After completing the course, professionals will earn 5 PDUs and a digital badge issued via Credly.

This course is just the beginning. PMI will continue to release learning content focused on AI in project management, all created for project professionals by project professionals. The PMI community will test the learning content, ensuring it reflects the experience of project professionals who have relevant experience using AI in project management.

EXPERIENCE AI IN PROJECT MANAGEMENT FIRST-HAND AT PMI® GLOBAL SUMMIT 2023

As AI takes a foothold on the project management profession, project professionals will need to embrace experimenting with these new tools and connecting with peers for lessons learned. To pave the way for professionals to do this, PMI is reimagining how project professionals can balance AI with human ingenuity at its annual event, PMI® Global Summit, 25-28 October in Atlanta, Georgia, USA.

The event’s program features AI-focused sessions, exclusive learning opportunities, and immersive activities. Attendees will learn from AI experts and thought leaders unpacking the power of using AI and be challenged to broaden their perspectives on the use of AI. Register for the event today here.

“AI is on the rise, with Goldman Sachs reporting AI investment could be near $200 billion globally by 2025, making it clear that project managers need to embrace and lead this change,” said Sam Sibley, Global Head, Emerging Products & Innovation for PMI. “With the right combination of how to best use AI on projects and the project manager’s human touch, you can do more than ever to meet every challenge that comes your way. PMI’s commitment is to support and guide project professionals at every career stage to be at the forefront of this new AI-enabled world of work.”

AI brings the potential to unlock a better future with endless opportunities to improve project success rate, benefits realization, and the societal impact of projects. For project professionals who fully embrace AI and enhance their work with its capabilities, they will see career advancement opportunities. To unleash the impact of AI on the future of project management, visit the Artificial Intelligence in Project Management Resource Center.

About Project Management Institute (PMI)

PMI is the leading authority in project management, committed to advancing the project management profession to positively impact project success. We empower professionals to excel in project management practices through our growing global community, knowledge sharing, and best-in-class certifications—driving positive change in organizations and communities. Since 1969, our unwavering mission has been to advocate for the profession by offering life-long learning and connections to sharpen high-demand skills. Today, PMI provides professionals at every stage of their career journey with the globally recognized standards, online courses, thought leadership, events, and tools they need to succeed. With 300 chapters around the world, PMI members can network, find mentors, access career opportunities, and learn from peers, working together to drive greater impact. Visit us at: www.pmi.org, linkedin.com/company/pminstitute, facebook.com/PMInstitute, and on Twitter @PMInstitute.

Project Management Institute, PMI, and BRIGHTLINE are registered trademarks of Project Management Institute, Inc. All other trademarks are the property of their respective owners.

 

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Contacts

Rachael Ballard, Manager of External Communications, Project Management Institute

Rachael.Ballard@pmi.org

 

PUMA Welcomes Indian Sustainable Fashion Advocate Aishwarya Sharma To Its Voices Of A RE:GENERATION Initiative

 (BUSINESS WIRE) -- Global sports company PUMA has expanded the regional reach of its Voices of a RE:GENERATION initiative beyond Europe and the US and added Indian sustainable fashion advocate Aishwarya Sharma to the project.

Aishwarya joins PUMA’s roster of next-gen thinkers as part of its year-long project to advance its sustainability efforts by collaborating with young environmentalists. Based in Delhi, India, Aishwarya is passionate about driving change towards a more sustainable fashion industry and has made a name for herself for her beliefs around women's rights, fashion, social media and climate change at events such as COP27.

Launched in April this year, PUMA’s initiative empowers a cohort of Young Voices to help the brand identify key areas for improvement by giving them a voice alongside leading stakeholders. To date, PUMA’s Young Voices have met with key players at PUMA to discuss the brand’s progress and challenges surrounding its FOREVER.BETTER Sustainability Strategy - and produced PUMA RE:GEN Reports; a podcast series to engage younger generations around sustainability and PUMA’s 10FOR25 target areas. The podcast was created in response to consumer feedback, gathered at PUMA’s Conference of the People event in 2022, which revealed that current sustainability communications were not engaging the next generation.

The latest development of this project will see Aishwarya meet and collaborate with PUMA’s current Young Voices, including:

US-based upcycler Andrew Burgess

Germany-based sustainable and healthy living vlogger Luke Jaque-Rodney

France-based visual artist and creative consultant Jade Roche

Alice Aedy is no longer participating in the initiative, a decision reached through mutual understanding.

Aishwarya Sharma joins PUMA’s Voices of a RE:GENERATION initiative this September and will explore the opportunities and challenges faced by the brand in the area of sustainability, whilst making recommendations for actionable change. She will also work with PUMA to improve the way it communicates sustainability to its India-based audience.

On the announcement, Aishwarya comments: “My passion as a sustainability advocate lies in increasing awareness. I think it’s so important for people in my community and across the world to understand what is really going on in sustainability and this partnership with PUMA will grant me an inside view of how a large corporation tackles such a hugely important and complex challenge. Being able to have a voice in how PUMA communicates sustainability is also a great opportunity to drive change and set a precedent across the industry and I’m very much looking forward to that.”

PUMA

PUMA is one of the world’s leading sports brands, designing, developing, selling and marketing footwear, apparel and accessories. For 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes. PUMA offers performance and sport-inspired lifestyle products in categories such as Football, Running and Training, Basketball, Golf, and Motorsports. It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. The PUMA Group owns the brands PUMA, Cobra Golf and stichd. The company distributes its products in more than 120 countries, employs about 20,000 people worldwide, and is headquartered in Herzogenaurach/Germany.

 

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Contacts

Media Contacts:

Samantha Du Plessis - Corporate Communications - PUMA SE - +49 9132 81 2984 - samantha.duplessis@puma.com

MSL Communications Agency – +44 7815 474 060 - pumaglobalteam@mslgroup.com