Friday 31 May 2019

OmniComm launches Innovation Forum in Asia

KUALA LUMPUR, May 27 (Bernama) -- New drug innovation, patient-centric eClinical solutions and the latest trends in pharmaceutical research topped the agenda at the Innovation Forum Asia, an inaugural customer summit hosted by OmniComm Systems, Inc, a leading global provider of clinical data management technology.

Co-hosted by Tri-I Biotech, the Shanghai-based event attracted a larger-than-anticipated crowd of attendees and speakers.

“This was a great event for OmniComm in China. I am so happy to see the rapid growth of OmniComm’s business in the region, and I want to thank Tri-I for its great partnership with us during the past four years,” said OmniComm China General Manager, Feng Cheng.

The two-day Innovation Forum Asia drew a large crowd of representatives from nearly 50 life science organisations.

Attendees heard presentations from thought leaders, academic researchers and OmniComm customers who achieved significant gains in productivity, automation, data quality, operational efficiency and compliance, among others, using OmniComm’s EDC products.

During the event, OmniComm featured several eClinical products, including TrialMaster® Version 5, Acuity Analytics, AutoEncoder, IRTMaster, TrialOne® and T1xpress.

“Our regional and global networking events are designed to provide a forum for our customers to discuss key industry topics, exchange thoughts and best practices, and showcase OmniComm’s commitment to innovation and ongoing development in the clinical research industry,” said OmniComm Systems President and Chief Executive Officer, Stephen Johnson.

For more information, visit www.omnicomm.com.

-- BERNAMA

WINGS CAPITAL PARTNERS ANNOUNCES ADDITIONAL EQUITY COMMITMENTS

NEWPORT BEACH, Calif., May 31 (Bernama-BUSINESS WIRE) -- Wings Capital Partners (“Wings”) is pleased to announce that its current shareholders, Corrum Capital and Sightway Capital, have increased their equity commitments to Wings. The additional support from our shareholders positions the company well for the future and provides us with additional resources to execute our business plan and capital to pursue attractive aircraft acquisitions.

“Our strong partnership with our shareholders reflects the continued long-term commitment Sightway and Corrum have to Wings and the customers we serve,” said R Stephen Hannahs, Managing Director and CEO of Wings.

In addition, Wings announced that the company has launched a new operating entity in Singapore, headed by Stephen Lynch, Managing Director of Wings Capital Partners Singapore PTE. LTD. and Vice President, Marketing. Mr. Lynch is responsible for managing airline relationships across the Asia Pacific Region with a particular focus on increasing the company’s commercial jet aircraft on lease to Asian airlines. Prior to joining Wings, Stephen worked in a variety of roles within the aircraft leasing and finance sectors with GECAS, Engine Lease Finance Corporation, and Intrepid Aviation.

Further, the company announced several executive promotions, including
  • John Hoopes has been promoted to Head of Technical Services. John has been an effective manager and contributor in directing the technical oversight of the company.
  • Gerry Burke has been promoted to Vice President, Marketing – Wings Capital Partners Aviation Ireland Limited. Gerry has made significant contributions to the success of the company during his tenure at Wings.

At press time, Wings Capital Partners’ owned, managed, and committed portfolio was $1.5 billion with 48 aircraft.

About Wings Capital Partners

Wings Capital Partners LLC (Wings) is a private, full-service aircraft leasing platform primarily investing in single-aisle, in-production commercial jet aircraft on lease to airlines around the world. Led by best in class management team with significant aviation leasing experience (30 years average for senior team) and long-standing airline, lessor, banking, investor and legal relationships.

Wings is owned by active investors, Sightway Capital, a Two Sigma Company, Corrum Capital Management and the Wings Management Team.

Wings Capital Partners Aviation Ireland Limited was established in 2017 in Dublin, Ireland.

For more information, please visit wingscap.com

About Corrum Capital Management

Corrum Capital Management LLC is an independent, private investment firm that takes an active and asset-level approach to cashflow-oriented investing. In addition to commercial aviation leasing, Corrum Capital currently has active investments in railcar leasing, and asset- and collateral-backed lending, including lending to the sports and entertainment industries, real estate lending, and trade and receivables finance.

For more information, please visit corrumcapital.com

About Sightway Capital

Sightway Capital is the private equity arm of Two Sigma. Two Sigma began forming a private capital group in 2008 to provide diversifying sources of return for its proprietary capital. In January 2018, Two Sigma launched Sightway Capital, building on and expanding these established private investment capabilities and continuing its differentiated investment approach. Sightway Capital focuses on building companies in asset-intensive and data rich industries, growing those companies significantly in size and scale in partnership with experienced management teams and strategic partners and harnessing Two Sigma’s expertise in data science and technology as well as the firm’s significant relationships to enhance outcomes for our companies.

For more information, please visit sightwaycapital.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20190530005242/en/

Contact

Cathy Egan
Wings Capital Partners
Email: cme@wingscap.com

Source : Wings Capital Partners
 
--BERNAMA

Thursday 30 May 2019

Efinix, M31 Technology partner to address AI edge computing demand


KUALA LUMPUR, May 30 (Bernama) -- Efinix, an innovator in programmable product platforms and technologies has partnered M31 Technology Corporation to address demand for emerging AI edge computing requirements.

Under the partnership, M31’s MIPI D-PHY RX and TX IP have been integrated successfully into Efinix’s Trion FPGA platform. It provides multiple sets of unidirectional links and delivers a high-bandwidth interface for an array of next-generation AI-driven FPGA markets.

“Thanks to our technology integration, our customers have more usable logic elements for video, camera, and sensor innovations,” said Efinix senior vice-president (operations and application), Ming Ng.

Trion FPGAs with MIPI offer flexibility, low power, small form factor and low cost without compromising performance. With multiple MIPI TX and RX channels, Trion FPGAs can become the hub of a system with multiple cameras and sensors.

The integrated product is being used in a customer application featuring a vision sensor camera with capabilities such as 3D, depth detection, HDR, 180 degree and surround view, according to a statement.

Efinix will showcase its disruptive FPGA platforms at the Design Automation Conference from June 2 to 6. For more information, contact https://www.efinixinc.com.

-- BERNAMA

AMBANK GROUP HOSTS HARI RAYA SHOPPING AND MAJLIS BERBUKA PUASA FOR CHILDREN FROM SEKOLAH KEBANGSAAN BATU SEMBILAN, CHERAS

KUALA LUMPUR, May 30 (Bernama) -- AmBank Group through its sports club, Kelab AmBank Group (KAG) treated 100 underprivileged children from Sekolah Kebangsaan Batu Sembilan, Cheras to a Hari Raya shopping programme on Wednesday, 15 May 2019 followed by a Buka Puasa event hosted by its Chairman, Tan Sri Azman Hashim on Friday, 17 May 2019.

In keeping with the spirit of Ramadan, AmBank Group’s main objective for organising this annual charity event is to bring festive cheer to the children. The 100 children consisting 51 boys and 49 girls, aged between seven to 12 years old, were ushered to Mydin Wholesale Hypermarket in USJ, Subang Jaya to shop for their new Baju Melayu and Baju Kurung.

The Buka Puasa hosted by Tan Sri Azman Hashim, Chairman, AmBank Group together with the Senior Management and AmBank Group staff was held at Dewan Perdana Felda, Kuala Lumpur.

“This is one activity which we look forward to every year in the holy month of Ramadan, as it enables us to contribute to the less fortunate, in line with the Islamic teachings of caring, self-discipline, sacrifice and sympathy to the less fortunate,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group who is also the Advisor of Kelab AmBank Group.

“We are delighted to have the children of Sekolah Kebangsaan Batu Sembilan, Cheras joining us for this wonderful occasion. Their presence certainly makes this Ramadan a more meaningful and joyous occasion for them and us, AmBankers,” he added.

This programme falls under the AmKasih Programme which is the platform for the Group’s Corporate Social Responsibility (CSR) sustainable development initiatives. The AmKasih Programme focuses on “reaching out to the community” and serves as an umbrella for all AmBank Group’s CSR efforts to help the community.

AmBank Group continuously plays a CSR role for the community at large, irrespective of race, creed or religion as we contribute to the sustainable development of the community within which we operate. This approach has been and will continue to be the mainstay in our approach to community care programmes. A project such as this helps to meet our objective to play an effective corporate role as a socially responsible corporate citizen.

The treat for the children is part of AmBank Group’s all-year round charity programme. The Group has always striven to play a significant role in contributing to society at large through initiatives such as these. In the past, many charity organisations have benefited from AmBank Group’s corporate social responsibility programmes.
 
About AmBank Group

AMMB Holdings Berhad is the holding company of AmBank Group and has been listed on the Main Market of Bursa Malaysia since 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM11.6 billion and assets of RM137.9 billion at 31 March 2018.

AmBank Group is one of Malaysia’s premier financial solutions groups with over 43 years of experience in supporting Malaysians in their economic development. AmBank Group offers a wide range of both conventional and Islamic financial solutions and services, including wholesale banking, retail banking, investment banking, underwriting of general insurance, life assurance and takaful, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts.

The Australia and New Zealand Banking Group (ANZ) is the biggest shareholder in the AmBank Group with a 23.8% holding and provides support with Board and senior management representation, risk and financial governance, product offerings and new business developments. In the general insurance business, the Group has partnered with Insurance Australia Group Ltd (IAG). In the life assurance and family takaful businesses, the Group has a partnership with MetLife International Holdings Inc (MetLife). The Group benefits in terms of expertise transfer from IAG and MetLife.

For more information, please visit www.ambankgroup.com

SOURCE : AmBank Group

Changchun aims to become China's next big sports tourism destination

KUALA LUMPUR, May 28 (Bernama) -- More than 30,000 marathoners and sports fans gathered in Changchun, capital of Jilin Province, to participate in an international marathon race on May 27.

The combination of the event and tourism industry has injected vitality into the city's ambition to become a major sports tourism destination in China, according to the Changchun Sports Bureau.

Located in northeast China, Changchun boasts rich ice and snow resources and pleasant climate. It is also one of two Chinese cities which are home to gold medallists of both Summer and Winter Olympics.

The city's sports administration has explored various ways to encourage its citizens to participate in sports, which have yielded good results.

Changchun has the country's oldest bases for automobile industry and film production, and is the cradle of industries such as railway vehicles and photoelectric technology, among others.

Thanks to its geographic advantage as the centre of Northeast Asia, the city government is aiming to make tourism its pillar industry for development, having elevated sports as a top priority, which has in turn, been recognised by the World Health Organisation.

While the government has reserved large tracts of land for sports facilities, citizens can book sports venues and find gym mates online.

Changchun has hosted the international cross-country ski festival, Vasaloppet China, for 17 consecutive years.

-- BERNAMA

Wednesday 29 May 2019

Have marketplace will fly: airfree raises € 2.3 million fund from business angels

KUALA LUMPUR, May 29 (Bernama) -- airfree, a French startup has received a €2.3 million support from its first round business angels, Shiseido and the Starburst accelerator. (€1 = RM4.68)

Also referred to as ‘Marketplace of the Sky’, airfree recently took off towards marketing its solution to airline companies, with the validation of a technical Proof of Concept, in partnership with Singapore Airlines' Krislab programme.

airfree, which created the first inflight duty-free product marketplace, has developed an e/m-commerce platform, which deeply transforms the experience of selling products inflight.

By making airport products and services available up in the air, the global offer will boost the sales of airport duty-free retailers, and increase airline revenue with an end-to-end solution by reducing satellite connectivity related costs, with a simple and optimised user experience.

For airline companies, airfree is an all-in-one solution that will allow their investments in connectivity equipment to be profitable, as well as offer a premium service to the passengers - a digital catalogue of more than 10,000 references.

Duty-free retailers receive additional revenue from a targeted and qualified audience for an extended period of time (during the whole flight).

Passengers enjoy a premium experience during flight time that gives access to all available products in duty-free shops, in transit or at the airport of arrival, on a click and collect model.

airfree aims to become the world's leading airline marketplace. More details on the company at www.airfree.aero

-- BERNAMA

BEST'S MARKET SEGMENT REPORT OUTLOOK: AM BEST MAINTAINS NEGATIVE OUTLOOK ON INDIA NON-LIFE INSURANCE MARKET

SINGAPORE, May 29 (Bernama-BUSINESS WIRE) -- AM Best is maintaining a negative market segment outlook on India’s non-life insurance market, supported by key factors that include continued reliance on realized and unrealized investments gains to offset technical losses, potential short-term disruption from regulatory enhancements and persistently competitive and underperforming core business lines of motor and agriculture.

As detailed in a new Best’s Market Segment Report, titled “Market Segment Outlook: India Non-Life Insurance,” India’s non-life insurers have been one of the main beneficiaries of the country’s fast-growing economy, and the industry has seen a substantial increase in insurable risks, largely driven by compulsory agriculture insurance. However, heavy competition and cumbersome regulatory hurdles for product development hinder technical performance, with most companies relying on strong investment income derived from the exceptional performance of Indian equities, which have shown sustained outperformance relative to global indices. The market’s combined ratios has fluctuated between 110 and 125 over the past five years, and most insurers have become dependent on investment income to generate profitability. The sustainability of such earnings may put the long-term viability of many insurers into question.

Motor insurance, which consists of own damage and third-party liability (TPL), continues to dominate the non-life insurance market, generating about 40% of premium volumes. Market results indicate that the segment’s incurred loss ratio has improved over time. However, the size of the reserves for this line relative to capital remains very significant. Although insurers have strengthened reserves in recent years, concerns about the prudency and potential for tail development remain, given that some claims may get caught up in India’s slow-moving court system. Unfavorable reserve adjustments have the potential to significantly impact current performance and capital even more so, given the lack of profitability in many other lines.

A mandatory crop insurance scheme, launched in 2016 to provide insurance coverage to farmers, has provide a premium boost to non-life insurers, catapulting agriculture premiums to INR20.6 billion in fiscal-year 2017 from INR5.3 billion in fiscal-year 2016. However, the scheme recently has come under criticism due to volatile loss ratios given the wide variances between the country’s two main cropping seasons, as well as reported numerous delays on claims settlements.

Despite the negative outlook, AM Best recognizes that some non-life insurers still may experience growth. The profitability and capital strength of companies that demonstrate sound risk management practices and disciplined underwriting likely are to improve steadily.

To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=285783.

AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.

Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20190528005661/en/

Contact

Myles Gould
Associate Director, Analytics
+65 6303 5020
myles.gould@ambest.com

Mahesh Mistry
Senior Director, Analytics
+44 20 7397 0325
mahesh.mistry@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Source : AM Best

THE HOXWORTH BLOOD CENTER AND BIOLOG-ID SIGNED A PARTNERSHIP CONTRACT TO MANAGE BLOOD PRODUCTS IN CINCINNATI METROPOLITAN AREA

Hoxworth Blood Center (Cincinnati, OH) has implemented the Biolog Transfusion®, an RFID Blood Supply Management solution in order to better track the flow of platelets concentrates and red blood cell concentrates.


ATLANTA, May 29 (Bernama-BUSINESS WIRE) -- The Biolog-id solution was first implemented in 2018 to focus on the distribution and inventory management of Platelet Concentrates (PCs) between the Blood Center and 4 hospitals located nearby.

In 2019, it is also covering the Phenotyped Red Blood Cell Concentrates (RBCs) managed by the Hoxworth Blood Center’s Immunohematology Reference Laboratory (IRL). The laboratory provides testing and consultation to assist hospitals in solving patients’ red blood cell serological problems.

The implementation of the Biolog-Transfusion® in Hoxworth Blood Center ensures the availability of platelets concentrates and their on-time delivery while reducing the risk of wastage by implementing a safe return of unused products and more particularly to reduce the transportation costs from the Blood Center to the hospitals, control the shelf life of the remote platelets stock sitting in the hospitals, allow the unused products to return and be reassigned in a timely manner before expiration, reduce wastage of products overall, improve accuracy and documentation of inventory and better comply with regulatory requirements.

As of today, we are satisfied with the BIOLOG-ID solution for platelets as well as their professional and committing team” says Jose A. Cancelas, Director of Hoxworth Blood Center.

Extension on the overall blood product production and supply is under consideration by Hoxworth Blood Center.

About Hoxworth Blood Center
Hoxworth Blood Center is a public institution belonging to the University of Cincinnati (OH). Hoxworth Blood Center collects ~90,000 donations per year and serves more than 30 hospitals and healthcare centers in the States of Ohio, Indiana and Kentucky.

About Biolog-id
Biolog-id has developed a patended smart solution for the management and traceability of sensitive health products, based on RFID technology: blood products, plasma for fractionation and chemotherapy. Biolog-id operates in North America, Europe, Middle East, India and Asia Pacific region and has 90 employees worldwide. Biolod-id is owned by its founder, managers and the Xerys Funds
www.biolog-id.com

View source version on businesswire.com:
https://www.businesswire.com/news/home/20190528005212/en/

Contact

Amit Mayer
+1 404 953 3169

amit.mayer@biolog-id.com

Source : Biolog-id

KEIO PLAZA HOTEL TOKYO INTRODUCES THE 400 YEARS HISTORY OF JAPAN'S TRADITIONAL ART

The 39th Arita and Imari Porcelain Exhibition – The Old and the New in Harmony
 
TOKYO, May 29 (Bernama-BUSINESS WIRE) -- Keio Plaza Hotel Tokyo (KPH), one of Japan’s most prestigious international hotels located in Shinjuku, Tokyo, will host “the 39th Arita and Imari Porcelain Exhibition – The Old and the New in Harmony” from July 1 to August 5, 2019, introducing to guests the Arita and Imari porcelain, the first ceramics made in the southern island of Kyushu, Japan. “Ko-Imari” (or old-Imari) porcelain which became popular art items amongst European aristocrats during the 17th century Edo Period and beautiful porcelain items made by the renowned pottery makers that have evolved over the 400 years history of the art will be on display. Also, eight renowned and modern porcelain makers from the Arita and Imari regions of Saga Prefecture in Kyushu will display their products and be available for sale. In addition, seven of our restaurants will serve specially prepared foods using Arita and Imari porcelain. Many guests can purchase porcelain products after dining at our restaurants and actually seeing and feeling them.
 
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190528005122/en/
 
Space producer and Japan Party Planner Association Chairman Yoko Maruyama and her associates will create special coordinated table settings using porcelain dishes to demonstrate how to beautifully integrate porcelain into daily lifestyles for the enjoyment of exhibition participants.
 
This year marks the 39th time that this fair has been held, and is a reflection of the strong interest in Arita and Imari porcelain products. This exhibition is also designed to provide our international guests, who account for over 75% of total guests, with an opportunity to experience the beauty of Japan’s traditional Arita and Imari porcelain products.
 
Archive of Press Release
 
About the Keio Plaza Hotel

Keio Plaza Hotel Tokyo (KPH), located in Shinjuku at the very heart of the nation’s capital Tokyo, is one of Japan’s leading international hotels. Our hotel boasts of over 15 restaurants and bars, and we host a wide range of local and international guests who visit us for our welcoming facilities, warm hospitality and unique services that allow them to experience Japanese culture, including our wedding kimono experiencetea ceremony and many others. For more information about our facilities and services, please visit our websiteYouTubeFacebook or Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190528005122/en/
 
Contact
 
Keio Plaza Hotel Tokyo
Keiko Kawashima, +81-3-5322-8010
Public Relations Manager
keiko-kawashima@keioplaza.co.jp
 
Source : Keio Plaza Hotel Tokyo
 
--BERNAMA