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CloudMD’s TAiCBT Results in Significant Improvement for PTSD Across Symptom Severity Levels, Trauma Types and Demographics.
Source
https://finance.yahoo.com/news/cloudmd-taicbt-results-significant-improvement-113000002.html
September 15, 2022
Recent research study demonstrates that the majority of clients experience reliable improvement in symptoms after just two months of treatment.
CloudMD Software & Services Inc. today released a research study that demonstrates the positive outcome results from using its therapist-led internet based cognitive behavioural therapy (TAiCBT) for individuals suffering from posttraumatic stress disorder (PTSD) across symptom severity levels, trauma types and demographics.
PTSD is a debilitating condition often exacerbated by long wait times and lack of access to effective treatment. The first line psychological treatments for PTSD are rooted in principles of cognitive behavioural therapy (CBT). Digital delivery of these therapies represents an opportunity to improve access to evidence-based treatment that can reduce symptoms of posttraumatic stress.
CloudMD recently completed its study to determine the effectiveness of its TAiCBT for posttraumatic stress and examine how pre-treatment client characteristics are related to key outcomes. The sample consisted of individuals with histories of traumas ranging from experiencing sexual assault to observing work-related suffering; this enabled researchers to also explore the relationship between these diverse histories and treatment outcomes.
Highlights of Results:
- Between January 2020 and June 2022, 4,236 people consented to treatment for symptoms of posttraumatic stress, and 3,689 of those completed at least one post assessment outcome measure.
- Clients reported significant symptoms: 96% reported symptoms that exceeded the threshold for being a clinical case and 68% also reported serious symptoms of depression and anxiety, as well as impaired functioning in day-to-day activities.
- Clients reported a range of trauma histories: 68% reported ‘other unwanted or uncomfortable sexual experience’, 59% reported physical assault, 56% reported sexual assault, 36% reported a transportation accident, and 54% reported ‘other very stressful event’.
- When broken down by gender, unwanted sexual experiences and assaults (both physical and sexual) were the most reported experiences for women. For men, the most reported traumatic experiences were physical assaults, other stressful experiences or a transportation accident.
- On average, clients started treatment within 7 calendar days of submitting an assessment, with 71% of treatment content completed outside of standard work hours.
- The CloudMD treatment had a large and statistically significant effect on clients’ posttraumatic stress symptoms and a moderate effect on symptoms of depression, anxiety and functional impairment.
- Most clients achieved significant symptom reduction with the percent increasing as clients complete more treatment content: 61% of clients who engage with the trauma-focused content experience a reliable improvement in their symptoms, and 77% who engage with the consolidation content experience reliable improvement with an average reduction of 23 points on the PTSD Checklist for DSM-5.
- Treatment was effective for the full range of symptom scores. Clients with higher baseline trauma symptom scores were more likely to achieve reliable symptom improvement than those with lower scores.
- All client types were equally likely to achieve reliable symptom improvement: demographic characteristics and trauma type were not predictive of engagement with treatment or of symptom change.
Most studies of TAiCBT for PTSD focus on specific subsets of the population, such as groups that are assumed to have employment-related exposure to trauma, including members of the military (or veterans), first-line responders (EMTs, ER physicians), or law enforcement (Straud et al 2019; Stephanopoulou et al 2020). Given that interpersonal trauma – such as physical and sexual assault – accounts for a large proportion of PTSD cases (Bedoya et al., 2020), research on the effectiveness of TAiCBT for posttraumatic stress would benefit from expanding the field of study to include broader populations, which is exactly what this study does.
In addition to evaluating the efficacy of CloudMD’s posttraumatic stress treatment protocol to determine whether accessible, low-intensity treatment options would be effective for posttraumatic stress across the full spectrum of symptom severity, CloudMD’s researchers also explored the effect of sample-specific factors on treatment outcomes. Researchers examined whether pre-treatment client characteristics such as gender, age, and trauma type, predicted differential response to treatment.
“This study solidifies the importance of offering therapy for posttraumatic stress alongside depression and anxiety therapy to complement care and provide truly effective treatment for anyone needing trauma support, not only the first-responder community,” shared Karen Adams, President and CEO, CloudMD. “Our data allows for better understanding of the conditions and the impact of targeted treatments. This helps employers make informed choices when they evaluate workplace mental health investments by equipping them with critical insights,” she continued.
The study demonstrates the basic effectiveness of CloudMD’s TAiCBT program for posttraumatic stress in a real-world heterogenous sample of help-seeking individuals. More than half of clients experienced significant reduction in trauma symptoms; 38% of clients experienced reductions in depression and anxiety; and 28% of clients reported improvements in day-to-day functioning. The program led to reductions in symptoms for clients across the range of symptom severity. While the longer a client spent engaged in treatment, the greater their likelihood of achieving symptom improvement, many clients who did not complete all phases of therapy experienced reliable symptom improvement. These results indicate that offering low-intensity treatment for posttraumatic stress is a viable and frequently sufficient entry point to care.
“Our TAiCBT program enables us to break down barriers to evidence-based care that many individuals experience, such as lack of accessible or specific treatments. We’ve been able to successfully treat clients with varying severity of post traumatic symptoms,” said Dr. Leorra Newman, Clinical Content Lead, CloudMD. “This study highlights that targeting post traumatic symptoms directly can lead to associated improvements in levels of anxiety, depression, and functioning - making a true difference in our clients’ lives,” Newman added.
Accessing evidence-based mental health treatment in a timely manner is challenging, taking 25 business days in Canada to access typical community-based services, with wait times for specific conditions like PTSD reaching approximately two years. This lack of accessibility is a significant problem for individuals, their families, employers and many other parts of society. CloudMD provides timely access to TAiCBT within days of a completed assessment, accelerating access, providing support outside regular office hours, and alleviating demand on traditional pathways.
Furthermore, the effectiveness of CloudMD’s programs showcases the value of selecting evidence-based mental health treatment for HR leaders investing in the well-being of their staff. As shown in this study, CloudMD has a proven, highly effective treatment for people with diverse histories of trauma and demographic characteristics.
White Paper & Webinar Details
To access the full study, please click here:
https://3927801.fs1.hubspotusercontent-na1.net/hubfs/3927801/Better%20Outcomes%20Initiative%20White%20Papers/Effective%20TAiCBT%20for%20Posttraumatic%20Stress%20-%20Whitepaper.pdf
CloudMD will be hosting a webinar to discuss the research on September 28th, 2022 at 9am PT/12pm ET as part of its Better Outcomes Initiative. Individuals can register for it here:
http://3927801.hs-sites.com/en/better-outcomes-ptsd
CloudMD Reports Q2 2022 Financial Performance; New Leadership Enforces Strategic Priorities to Drive Further Cost Optimization and Profitability.
Source
https://finance.yahoo.com/news/cloudmd-reports-q2-2022-financial-210300209.html
August 22, 2022
- Q2 2022 revenue of $40.3 million, an increase of 157% over the same period in 2021.
- Q2 2022 gross margin of 31.0% compared to 35.5% in Q2 2021.
- Q2 2022 Adjusted EBITDA loss of $3.2 million compared to a loss of $0.6 million in Q2 2021. Net loss of $44.2 million during Q2 2022 driven by $33.0 million non-cash impairment charge, compared to loss of $6.6 million in Q2 2021.
- Strategic priorities include driving organic growth, further cost optimization and financial stability and prudent cash management.
- Strong customer momentum in core Enterprise Health Solutions division with several large multi-year contract wins representing $4.2 million in ARR closed in the second quarter.
- New contracts represent over 350 new customers within the quarter, adding to the network of 7,200 loyal clients that trust CloudMD to provide services to employees and family members.
- Added over 440,000 net new lives year to date, including those new contracts scheduled to launch in Q3 and Q4.
- Additional $4 million annualized savings identified from continued organizational re-design and integration to be realized starting in the third quarter.
CloudMD Software & Services Inc. announced its financial results for the second quarter ended June 30, 2022. All financial information is presented in Canadian dollars unless otherwise indicated.
“Our Q2 results reflect the strength of our core Enterprise Health Solutions (“EHS”) business in the face of headwinds and distractions from our non-core business and overhang from previously made acquisitions. There is an incredible opportunity for our EHS division as industry trends converge with our differentiated product offering. We are taking the necessary steps to enable the performance of our core business to shine,” said Karen Adams, CEO of CloudMD. We will continue to execute on our strategic priorities of driving additional organic growth, integrating and optimizing our cost structure, and achieving financial sustainability and profitability with an emphasis on prudent cash management.”
John Plunkett, CFO of CloudMD, added, “As a team, we are focused on reaching profitability and positive operating cash flow. We are taking steps across the organization to align costs with each division’s revenue and to divest non-core assets which will provide some near-term capital. The team has made progress in cleaning up our cost structure, balance sheet, and outstanding issues from past transactions. We will continue to focus on further optimization for the remainder of the year. There is work to be done, but I’m encouraged by the steps taken to date and am pleased with the organic growth that our EHS business is starting to generate which will provide positive contributions in the second half of the year.”
Second Quarter 2022 Financial Highlights
- Q2 2022 revenue was $40.3 million, compared to $41.4 million in Q1 2022 and $15.7 million in Q2 2021. The growth was driven by the five acquisitions completed since the start of the second quarter of 2021, coupled with organic growth and customer momentum within the EHS division. The Company’s Q2 revenue was impacted by one-time COVID contracts ending, which are expected to be replaced moving forward.
- Q2 2022 gross profit margin was 31.0% compared to 32.5% Q1 2022 and 35.5% in the second quarter of 2021. The lower gross profit margin percentage was due to shift in revenue mix and performance in the IDYA4 business which is expected to return to a normal level in the third quarter.
- Adjusted EBITDA was negative $3.2 million in Q2 2022, compared to negative $1.6 million in Q1 2022 and a loss of $0.6 million in Q2 2021. Net loss in Q2 2022 was $44.2 million or $0.15 per share, compared to a loss of $6.6 million or $0.03 per share in Q2 2021. The larger loss per share was driven by a $33.0 million impairment of goodwill and $5.5 million of other non-recurring one-time costs.
- Cash and cash equivalents were $29.7 million as of June 30, 2022, compared to $45.1 million on December 31, 2021. Cash outflows in the second quarter were $17.2 million, which was unusually high for the Company. The normalized cash outflows were $6.9 million. During the quarter the Company incurred expenses related to restructuring costs, professional fees, legal and settlements from past acquisitions.
Second Quarter & Subsequent Corporate Highlights
- On May 26, 2022, the Company announced the launch of Kii, Personalized & Connected Care, the new brand identity for its integrated, health services offering. Kii, is the Company’s flagship offering which integrates several of its best-in-class technologies and services into one exceptional, connected, and personalized experience for employees that will continue to disrupt the traditional employer healthcare industry.
- On June 6, 2022, the Company reported the results of an evidence-based study proving iCBT as a highly effective treatment for depression and anxiety. Over 5,000 individuals with clinical levels of depression and comorbid anxiety who completed CloudMD’s Therapist Assisted iCBT program experienced reliable symptom improvement.
- On June 15, 2022, the Company provided an update on strategic priorities to drive organic growth through new sales and cross selling. It also appointed senior customer success and sales leadership to accelerate expansion and growth.
- On July 13, 2022, the Company added telemedicine services for primary care health navigation to Kii personalized & connected care offering. The services are led by nurses and nurse practitioners which provide fast access to a wide variety of primary care services and treatments and overall health and wellness support for employees and their family members, all from one connected offering.
- On July 22, 2022, the Company announced that it finalized the review and settlement of VisionPros, its online vision care platform. The settlement was reached with the former owners of VisionPros and reduces the purchase consideration paid for VisionPros by $12.6 million and also removes any future earnout payments. The Company has received $3.3 million in cash from the settlement in the third quarter of 2022.
- On August 11, 2022, the Company appointed Karen Adams as Chief Executive Officer and John Plunkett as Chief Financial Officer.
- On August 17, 2022, the Company provided a business update on customer momentum and the TAiCBT Ontario Government contract. In the second quarter, CloudMD signed several multi-year contracts which will contribute new organic annual recurring revenue (“ARR”) of $4.2 million. CloudMD’s TAiCBT provider, MindBeacon, was one of two companies chosen to provide TAiCBT services for Ontario citizens under the new Ontario Health Contract. This new contract represents a reduction of approximately 85% in the number of guided iCBT cases that will be funded but is expected to expand over time. The Company is currently in discussions with the Government on how to continue to expand access to mental health services for all Ontarians.
- To offset the revenue impact of Ontario Health, CloudMD is in the process of eliminating the direct delivery costs associated with providing the services, as well as identifying further cost synergies to offset the gross contribution from the contract. Subsequent to quarter end, CloudMD has identified an additional $4.0 million annualized of optimization cost savings from continued organizational re-design and integration. This is in addition to the direct delivery cost elimination.
Outlook
The Company continues to deliver on the value proposition of offering comprehensive solutions that create access to care, leading to better health outcomes. Through its team-based, patient-centric approach, CloudMD provides a connected platform for patients, healthcare practitioners, and enterprise clients to address whole-person, coordinated care.
CloudMD remains focused on its strategic priorities for the remainder of the year: (1) through its strong sales pipeline, continuing to diversify and grow its client base within its EHS and DHS divisions by direct sales to new customers, enhancing relationships with channel partners and cross selling its established suite of products; (2) driving continuous operational excellence and improvement across the organization to improve productivity, product quality and consistency, and lower customer acquisition costs; (3) delivering a diligent path to profitable financial sustainability and focus on delivering consistent financial performance across all divisions of the organization; and (4) continuing to develop the Company’s corporate governance to support the it’s growth.
For the remainder of the year, the Company will remain focused on driving profit from the core business, aligning costs to its revenue profile, and identifying further cost optimization to improve Adjusted EBITDA and gross margins. The Company is working on divesting its Clinics and Pharmacies business which will provide some near-term capital. It expects to provide an update on progress next month.
CloudMD has a robust sales pipeline and will continue to drive organic growth and client adoption, through direct sales to new clients, expanding distribution partners and cross selling its connected suite of products. The Company expects to achieve consistent double digit organic growth rates in its core business moving forward, as previously guided.
Selected Financial Information
Please read the FULL REPORT at:
https://finance.yahoo.com/news/cloudmd-reports-q2-2022-financial-210300209.html
CloudMD Provides Business Update on Customer Momentum.
Source
https://finance.yahoo.com/news/cloudmd-provides-business-customer-momentum-113000622.html?guccounter=1
August 17, 2022
CloudMD Software & Services Inc. is pleased to provide a business update on its customer momentum and contract wins within its core Enterprise Health Solutions (“EHS”) division, and an update on the Ontario Health Therapist Assisted Internet-Based Cognitive Behavioral Therapy (“TAiCBT”) support service program.
EHS Customer Momentum
CloudMD continues to drive customer momentum, and new contract wins within its EHS division. The Company’s organic growth strategy is focused on three key areas, including selling direct to new organizations, expanding channel partners and cross selling its established suite of products.
In the second quarter, CloudMD signed several multi-year contracts which will contribute new organic annual recurring revenue (“ARR”) of $4.2 million, coming from all channels of its growth strategy. Additionally, these contract wins reflect a diverse portfolio of Government, employers, and insurers, further expanding CloudMD’s B2B/B2G client base and payor network.
One specific example is a significant new contract with the Christian Labour Association of Canada (CLAC), a large National labour union representing over 60,000 workers. Through HumanaCare, its Employee and Family Assistance Program (“EFAP”) provider, CloudMD won a competitive process to provide EFAP services to CLAC members covered by one of their Health & Welfare Trusts beginning in September 2022.
Other recent notable client wins include:
- Leading national US insurance company.
- Large transportation manufacturer.
- Leading national telecommunications provider.
- Multiple regional health networks.
- Large financial services firms.
- Distribution partnership with North American group benefit provider.
New TAiCBT Ontario Government Contract
After a competitive process, CloudMD’s TAiCBT provider, MindBeacon, has been one of two companies chosen to provide TAiCBT services for Ontario citizens under the new Ontario Health Contract. The two-year contract has been awarded for the provision of TAiCBT support services to be integrated into the Ontario Structured Psychotherapy Program) starting this fall. Details of the contract have been made publicly available on the procurement website MERX.
The program is expected to expand over time, based on the growing need for proactive mental health supports. Compared to the previous two-year COVID Response Program, which the Government is winding down as anticipated, this new contract represents a reduction of approximately 85% in the number of guided iCBT cases that will be funded.
To offset the revenue impact, CloudMD is in the process of eliminating the direct delivery costs associated with providing the services, as well as identifying further cost synergies to offset the gross contribution from the contract. CloudMD has already implemented several of these initiatives and will continue to take the necessary steps to right-size its cost structure related to the program accordingly. CloudMD continues to engage in discussions with the Ontario Government on how to continue to expand access to mental health services for all Ontarians.
Furthermore, CloudMD has integrated its TAiCBT support service into its Kii platform and is delivering it as part of its overall Mental Health Support Solutions (“MHSS”) to diversify its network of private and public clients. The Company remains confident in its TAiCBT program, which coupled with MHSS will drive further growth and margin expansion over time.
“The strong customer adoption of our offerings is attributed to the execution of our growth strategy and unique product offering. This growth is partially offset by the end of one-time contracts. CloudMD was one of only two companies chosen by the Ontario Government to provide mental health services under its new contract because of our industry leading TAiCBT’s ability to provide positive, evidence-based health outcomes. We are in continuous dialogue with the Government on how we can improve access, as we have a shared understanding of the importance of mental health support,” said President and CEO Karen Adams. “The Company remains focused on driving organic growth through direct sales to new clients, leveraging existing distribution partners and cross-selling to our current client portfolio. The client wins representing $4.2 million in ARR is a testament to the success of our strategy and our key differentiators of providing personalized care and valuable health data and outcomes. I look forward to providing more details on the progress we’ve made on our Q2 conference call later this month.”
About CloudMD Software & Services
CloudMD is transforming the delivery of healthcare using technology and by providing a patient-centric approach, with an emphasis on continuity of care. By leveraging healthcare technology, the Company is building one, connected platform that addresses all points of a patient’s healthcare journey and provides better access to care and improved outcomes. Through CloudMD’s proprietary technology, the Company delivers quality healthcare through a holistic offering including hybrid primary care clinics, specialist care, telemedicine, mental health support, healthcare navigation, educational resources, and artificial intelligence (AI). CloudMD’s business is separated into three main divisions: Clinics and Pharmacies, Digital Solution and Enterprise Health Solutions, the Company’s fastest growing division. CloudMD’s Enterprise Health Solutions Division has built a leading employer healthcare solutions, including its Comprehensive Integrated Health Services Platform, which offers one comprehensive, digitally connected platform for educational institutions, corporations, insurers, and advisors to better manage the health and wellness of their students, employees, and customers.
CloudMD currently services a direct ecosystem of over 5,700 clinicians including, 1,800+ mental health practitioners, 1,600+ allied health professionals, 1,400+ doctors and nurses and covers 12 million individual lives across North America.
For more information visit:
https://investors.cloudmd.ca/
ON BEHALF OF THE BOARD OF DIRECTORS
“Karen Adams”
Chief Executive Officer
FOR ADDITIONAL INFORMATION, CONTACT:
Julia Becker
VP, Investor Relations
julia@cloudmd.ca
(604) 785-0850
Third-party cloud management service market in 2021: Chinasoft International's rapid growth, accounting for 7.5%, ranking second.
Source
https://www.chinasofti.com/news/2408.htm
August 17, 2022
IDC's "2021 China Third-Party Cloud Management Service Market Share" report was recently released. The report data shows that due to the effective control of the epidemic and the continuous deepening of digital transformation, China's third-party cloud management service market will develop steadily in 2021, with a market size of 954 million. USD, an increase of 40.2% year-on-year. Chinasoft International maintained rapid growth in the third-party cloud management service market, with a market share of 7.5%, ranking second, and continued to develop cloud management services with professional service capabilities and comprehensive service coverage.
The report shows that the cloud management service market will see a strong rebound in 2021, mainly due to the full release of a large number of stranded cloud service projects that rely on on-site deployment and delivery, and the gradual recovery of IT spending by enterprises after resumption of work and production. As the digital transformation of enterprises gradually enters the "deep water area", the compound growth rate of the market is expected to reach 29% from 2021 to 2026, and the market size is expected to reach US$3.41 billion in 2026.
Chinasoft International adheres to the cloud intelligent business strategy of "going to the cloud, managing the cloud, cloud native, understanding the cloud, understanding the practice, and gathering ecology", and has built a full-stack professional cloud management service capability covering the entire life cycle, providing customers with cloud consulting and cloud migration. , cloud integration, cloud operation and maintenance and other services, to help enterprises make good use of the cloud, make good use of the cloud, and manage the cloud well. With comprehensive professional cloud service capabilities and industry application capabilities, Chinasoft International has become the first batch of enterprises to obtain MSP certification of Huawei Cloud and Tianyi Cloud. As a partner of HUAWEI CLOUD in the same boat and the most valuable MSP service partner of E-Surfing Cloud, Chinasoft International better serves the digital transformation of government and enterprise customers with professional consulting, cloud management services and integration capabilities, and has become the preferred solution for the digital transformation of government and enterprise customers. Solution Provider and Preferred Consultant.
Chinasoft International will continue to give full play to its own advantages, continuously improve its service level, and join hands with more partners to deeply cultivate key industries such as government affairs, medical care, manufacturing, real estate, energy, and automobiles, empower government and enterprise customers to digitally transform, and improve business agility and flexibility. In this way, we will maintain a leading position in the field of cloud professional services and management services, achieve continuous large-scale growth of cloud services in the process of industrialization and regionalization, and contribute to the construction of China's digital society and digital economy to lead the world!
Building a "Platform + Service" Ecosystem Chinasoft International Joins Hands with Baidu to Promote the Development of the Intelligent Transportation Industry.
Source
https://www.chinasofti.com/news/2407.htm
August 5, 2022
Recently, the 2022 Baidu World Conference with the theme of "AI Deep Cultivation, All Things Grow" was held, and Chinasoft International was invited to participate. At the beginning of 2022, Chinasoft International and Baidu reached a consensus based on the subversive innovation brought by intelligent transportation and their unanimous recognition of its development prospects. Relying on the advantages of Chinasoft International's software engineering capabilities, systematic customer development capabilities, national delivery service capabilities, and Baidu's digital capability base, we will jointly build a joint customer development center with a standard system and standard framework. At the same time, for different industry application scenarios, create differentiated industry solutions and create industry best practice cases.
In the top-level design of autonomous driving in my country, it is more inclined to the development of vehicle-road coordination. Pay attention to the improvement of the level of vehicle networking, in order to reduce the dependence on the intelligent technology of bicycles, and accelerate the popularization of intelligent vehicles. Therefore, Baidu not only wants to build "smart cars", but also builds "smart roads" to build intelligent transportation based on vehicle-road coordination. Concentrated appearance. Robin Li said that intelligent transportation can increase the traffic efficiency by 15%-30%, and promote the absolute growth of GDP by 2.4%-4.8% per year.
From the perspective of vehicle-road coordination, based on the AI ??travel joint solution framework, Chinasoft International and Baidu have tailored an all-weather reservation travel service for high-speed traffic, and successfully solved the technical problems of high-speed quasi-all-weather traffic. At present, the test verification has been completed, and it can support high-speed contract travel in adverse weather conditions such as fog and snow. By acquiring smart devices, exploring and practicing multi-sensor data fusion, and relying on Baidu's deeply optimized AI algorithm, the service can timely and accurately broadcast real-time information on road conditions, traffic conditions, event detection information, and suggested driving speed for travelers. , which is equivalent to installing a pair of "see-through eyes" for the car owner under severe weather conditions, which can ensure that in various unfavorable weather conditions such as night, rain, snow, fog, etc., even if the driver can't see the road ahead at all. Safe, smooth, high-speed traffic is still possible.
The transportation industry is undergoing the most drastic changes in more than a century. Electrification, intelligence, networking, and sharing will bring about an all-round industrial revolution. How to help the development of the industry requires not only the advancement of science and technology, but also a solution and implementation plan that fits the national conditions to realize the real "people's transportation". Chinasoft International will continue to work with Baidu to help the development of the intelligent transportation industry, promote the inclusive life of intelligent transportation, bring more convenient, safe and green travel methods to the public, and contribute scientific and technological strength to accelerating the construction of a strong transportation country.
Self-research strength is questioned, and frequent acquisitions and investments, can WIMI prove its technical barriers?
Source
https://finance.sina.com.cn/chanjing/gsnews/2022-08-12/doc-imizmscv5931723.shtml
August 12, 2022
After the "metaverse" concept has benefited a large number of companies, most companies realize that they need to fill their imaginations as soon as possible. Perhaps in order to prove its technical strength to the outside world, after its listing in 2020, WIMI Hologram (WIMI.US), the "first AR holographic stock", continued to invest intensively.
Jiemian News found that from the beginning of 2022 to the present, the company whose main business is AR advertising and entertainment [color=greenhas invested in more than 15 upstream and downstream companies, covering areas including underlying technology research and development, digital content production, etc. According to Tianyancha information, since the establishment of the company, WIMI has invested in nearly 50 companies.[/color]
Although it is called "the first AR holographic stock", WIMI Hologram, founded in 2015, is not a well-known company on the C-end. The company's businesses include AR advertising services, AR entertainment and semiconductor businesses. On April 1, 2020, WIMI officially landed on NASDAQ.
WIMI's road to listing can be described as bumpy, and it has postponed its IPO six times. In 2016, the domestic VR and AR market investment boom ushered in a high point. According to IT orange data, since 2014, the amount and quantity of financing in the domestic VR/AR industry has increased exponentially, and until 2016, the industry reached a peak of 241 financing transactions. WIMI also tried to land on the New Third Board in 2016, but failed in the end. In the past two years, WIMI has multiplied the east wind of the Metaverse, and the stock price has skyrocketed because of this concept.
However, focusing on the AR industry, a number of AR company technology executives analyzed to Jiemian News that the market has not really exploded. More importantly, from the date of listing, WIMI's low R&D expenditure has been criticized. As an AR company, after intensive investment in industry chain companies, can WIMI prove its imagination to the outside world?
According to the official introduction, WIMI's business covers a wide range, including holographic computer vision AI synthesis, holographic visual presentation, holographic interactive software development, holographic AR online and offline advertising, holographic ARSDK payment, 5G holographic communication software development, holographic Face recognition development, holographic AI face changing development and other aspects of holographic AR technology.
From the prospectus, the company's revenue is mainly concentrated in three major businesses: AR advertising services, AR entertainment and semiconductor business.
Among them, AR advertising services accounted for the bulk of the total revenue for a long time. According to the prospectus, in 2019, the company's total revenue was approximately RMB 318 million, of which 82.7% came from holographic AR advertising services and 17.3% came from holographic AR entertainment services. In 2018, the revenue of holographic AR advertising services also accounted for more than 80%.
However, the company has significantly adjusted its revenue structure after its listing. According to the financial report, for the whole year of 2021, the revenue of WIMI Hologram reached 934 million yuan, a year-on-year increase of 21.90%. Among them, AR advertising revenue accounted for 46.7%; AR entertainment revenue accounted for 1.5%. In 2020, the proportion of AR entertainment revenue has been as low as 3.89%.
Instead, the increase in semiconductor revenue:
After listing, WIMI announced in June 2020 that its Hong Kong subsidiary will set up a joint venture company to conduct business in the semiconductor market. In 2020 and 2021, WIMI's semiconductor business revenue will account for more than 50%. In 2021, this segment's revenue will grow by 12.8% year-on-year.
At the same time, the adjustment of the revenue structure also led to a decline in the company's gross profit margin.
Before the company generates semiconductor revenue, the company's AR business has a very high gross profit margin: in the first half of 2019, the gross profit margin of the AR advertising business was as high as 63.1%, mainly due to the increase in revenue while controlling costs; AR entertainment business in the first half of 2019 The gross profit margin was 93.2%, mainly due to the increase in revenue from the mobile game business with a higher gross profit margin. However, due to the high cost of products sold and third-party software development costs in the semiconductor business, the gross profit margin of the semiconductor business is far less than that of the AR business. By 2021, the company's overall gross profit margin will drop from 54.2% in 2019 to 26.7%.
At the beginning of its listing, WIMI was more like an "advertising company", providing software services. The company pointed out in its earnings report that AR advertising services refer to the use of holographic VR materials to integrate them into advertisements displayed on online media platforms or offline. The company earns a certain amount of revenue based on the performance of the ad (that is, the number of user views of the ad).
AR entertainment revenue includes revenue from software development kit (“SDK”) payment channel services, software development, mobile game services and technology development, primarily for program developers.
Although WIMI's business serves the B-end, while the AR advertising holographic service is aimed at C-end users, the industry generally believes that this is an AR application that is relatively easy to implement at this stage. It does not require users to wear devices to watch, and the technical threshold is relatively low. On the first day of listing, WIMI did not make too many splashes due to the halo of "the first AR hologram". On the same day, WIMI fell by more than 8% at the opening, and then fell by 14.55%.
However, like many companies that have been flat in the past but have become popular due to the "metaverse", WIMI has also caught up with several hot spots in holographic technology and the metaverse.
At the 2020 World Artificial Intelligence Conference (WAIC), Jack Ma, the founder of Alibaba, presented and delivered a speech in the form of a holographic projection. After that, the share price of WIMI has risen by 544% for two consecutive trading days since July 10, 2020.
On August 24, 2021, WIMI announced the establishment of the "Holographic Metaverse Division" to lay out the research and development of the underlying holographic technology of the Metaverse. Shi Shuo, founder and CEO of WIMI, said: "With the continuous development of the Metaverse and related applications, we are in an ideal position to seize growth opportunities, improve our Metaverse product matrix, and expand our Metaverse market share. After the news was announced, the company's stock price rose 30% for two consecutive days.
It is not uncommon for listed companies to invest intensively, but for WIMI, investing in the industrial chain may be an important means to make up for technology research and development.
The skeptical view is that WIMI has not invested enough in AR self-research, and revenue growth depends on the income obtained by the acquired company. According to the prospectus, from 2017 to the first half of 2019, WIMI’s R&D expenditures were 9.696 million, 8.02 million, and 2.9262 million, respectively, accounting for 5.05%, 3.56%, and 1.83% of the revenue during the reporting period.
In addition, since 2015, WIMI has frequently acquired companies. According to the prospectus, WIMI started commercial operations through Beijing WIMI in May 2015, and then in February 2016, Beijing WIMI established a wholly-owned subsidiary Micro Beauty Lightspeed Investment Management HK Limited in Hong Kong. On October 21, 2015, Beijing WIMI acquired 100% of the shares of Shenzhen Yidian Network, a mobile Internet marketing service company . In August 2015, it acquired Shenzhen Yitian Internet and Shenzhen Kuxuanyou, both of which are game-related companies.
In 2020, the company's revenue reached 766 million yuan, but most of the growth came from the company's acquisition of Singapore FE-DA (Singapore Feida Chip Company). In both 2018 and 2019, Feida Chip's revenue exceeded WIMI's overall revenue.
But at the same time, the company has disclosed more technological prowess than its competitors. WIMI disclosed in the prospectus that according to data from Frost & Sullivan, as of 2018, WIMI had 485 customers, 242 holographic AR patents, 4654 holographic AR content, and 4,654 software copyrights. 147, far surpassing the second largest manufacturer in the industry.
What is not clear is how exactly WIMI's own R&D strength is?
After its listing, WIMI has significantly increased its R&D expenditure. According to the financial report, in the first half of 2021, WIMI’s R&D expenses increased by 463.6% to 86.1 million yuan, accounting for 16.7% of total revenue. For the whole year of 2021, WIMI's R&D expenditure is about 156 million yuan, a year-on-year increase of 83.1%, but the main reason is that the outsourcing technology development services increased by about 70 million yuan.
According to the financial report, as of the end of 2021, the company has 201 employees, and the proportion of technical R&D personnel does not exceed 50%.
Continuing to invest in the layout of the industrial chain may be a common way for WIMI to enhance its technical strength.
When the prospectus was submitted in 2019, WIMI has disclosed that it has invested in more than 17 high-quality upstream and downstream enterprises in the industrial chain. According to public information, as of now, WIMI has invested in 49 companies, and this number does not include undisclosed investments. Taking the companies that have invested since 2022 as an example, WIMI's investment chain covers the upstream and downstream of the industrial chain, from chip research and development to content production.
In addition, WIMI also stated its plans for foreign investment when it went public: the company plans to use about 40% of the raised funds for research and development, including holographic facial recognition systems, holographic artificial intelligence facial changes, holographic digital life systems, holographic Research and development of educational intellectual property, holographic car navigation system, holographic shopping system and holographic tourism navigation system; 40% for strategic acquisitions and supplementary business investment; 20% for other general corporate purposes.
Companies particularly favor companies with patents and core technologies. For example, in 2020, the company strategically invested in Avatar Rehabilitation Technology, which has two R&D centers and a clinical laboratory, and has obtained a number of related patents and software copyrights. The company also established the WIMI Holography Academy in August 2020, claiming to carry out research on basic science and innovative technologies. However, according to public information, most of the R&D and technical research of the academy comes from external cooperation.
It is undeniable that the profitability of WIMI has been confirmed in the financial reports of the past few years. However, in terms of the company's focused AR advertising services, IDC predicts that AR training, industrial maintenance, and AR labs and on-site practice will become mainstream application scenarios in 2026, accounting for about 30.1% of China's AR market investment. A number of industry insiders have told Jiemian News that even with the blessing of the "metaverse", the AR market will give priority to industrial scenarios.
For WIMI, the "Metaverse" certainly helps it continue to open up space in the capital market, but it is one thing to stabilize its position in the AR advertising market, and how to prove its core technical strength to the market is another problem. challenge. As of press time, WIMI's share price was reported at US$1.94, down 64.7% from the issue price, with a market value of US$168 million.
WiMi Hologram Cloud (WIMI) 5G + AI in scenario applications enters the fast lane of development.
Source
https://www.newstrail.com/wimi-hologram-cloud-wimi-5g-ai-in-scenario-applications-enters-the-fast-lane-of-development/
August 12, 2022
We have now made a historic breakthrough in 5G leadership. This leadership is not only reflected in the speed and scale of 5G network construction and the total number of 5G users developed, but is also deeply integrated into different scenarios in thousands of industries. In the past three years, 5G has expanded commercial scenarios at a faster pace than expected, and has entered a critical period of large-scale applications.
5G’s popularization
5G booming development has accelerated the pace of industrial digital transformation, like a catalyst, 5G “hammer” is no longer like the early commercial phase, in thousands of industries around looking for “nails”. The vision of “5G changing society” will become a reality. Each place to increase the 5G application policy supply, to take the construction of innovation platform, increase financial support, promote typical cases, etc., together to promote the 5G application into the fast lane.
According to the calculations of the China Academy of Information and Communication Technology, the cumulative investment in 5G network construction will reach 1.2 trillion yuan by 2025, which will drive related investment of more than 3.5 trillion yuan, directly create more than 3 million jobs, drive more than 8 trillion yuan of emerging consumption, and form a trillion-dollar market for 5G-related products and services.
Not only that, the technology of 5G promotes the rapid implementation of artificial intelligence in various application scenarios. Artificial intelligence has the ability to perceive, understand, learn from data and make decisions, and its applications are based on massive data and algorithm integration. According to a report in MIT Technology Review, “Deploying AI applications at the forefront of 5G has the potential to generate new revenue streams and position AI as the flag bearer for 5G.” The report’s authors note that this presents opportunities including smart manufacturing, enhanced retail logistics and automated warehouses.
WiMi 5G plus AI release potential
Artificial intelligence will become very popular under the impetus of 5G landing. At present, many technology giants such as NVIDIA and other related companies have laid out in the ecological chain of artificial intelligence and 5G. Being in the wave of the times, another technology giant, WiMi Hologram Cloud (NASDAQ: WIMI), has comprehensively undertaken the new mission given by the new era, continued to deepen the implementation of 5G applications and achieved progressive results in enhancing 5G application support capabilities, empowering key areas, focusing on 5G plus AI application innovation ecology, solidly promoting 5G application scaling, and fully promoting industrial integration and innovation development.
Excel and forge ahead, WiMi 5G application itself is also in the process of gradual research and development and innovation. In the 5G track, WiMi is deeply plowing 5G development, accelerate 5G technology innovation, promote the deep integration of 5G and economic and social development, create 5G application “model room” in more scenes, form a new “benchmark”, and promote the development of 5G applications on a large scale. The company will also contribute to the construction of a wise society.
In addition, the concept of AI has been popularized and 5G is rapidly gaining popularity, plus AI, what kind of experience does this combo bring? WiMi conducts research on many application capabilities based on AI, based on 5G+AI empowered industries in the fields of autonomous driving, smart finance, online education, health, smart home, smart manufacturing, etc. And this actually it has a very wide market space. According to international consulting agencies, the market for industry intelligence served by 5G will exceed 700 billion by 2025, with corresponding forecast data for key industries including smart manufacturing, smart transportation, smart home, etc.
In the process of industry promotion, WiMi accelerates the application of 5G” AI in vertical industries, and will deepen cooperation with key industry leaders to jointly play the “team game”, and is committed to speeding up the pilot demonstration of 5G” AI fusion innovation to continuously promote 5G deep plowing, industrial integration and value release. At the same time, this help empowers thousands of industries, for the global traditional enterprises to digitalization, networking, intelligent transformation and upgrading to provide some rich reference practice.
Summary
Because 5G is a game changer in the field of mobile communications, it will also bridge the field of new infrastructure. 5G is highly recognized for its technical impact on emerging industries and the scale of the industry it will take on in the future. To a certain extent, 5G involves a lot of upstream and downstream industry chains, even the consumer side.
The world’s largest 5G mobile network has been completed, AI is also in a critical period of development, the future with the evolution of 5G plus AI technology, more rich and diverse applications will also usher in the explosion. The Ministry of Industry and Information Technology (MIIT) has indicated that it will take a point-by-point approach to accelerate the large-scale application of 5G, continue to deepen innovation in the integration of 5G with artificial intelligence, VR/AR and other technologies, accelerate the integration of 5G with vertical industries such as industry, transportation and education, and establish a number of high-level pioneering application benchmarks to accelerate the promotion of breakthroughs and mature applications.
The AR/VR industry is at an inflection point, and industry giant WIMI stands out.
Source
https://inf.news/en/economy/18a17e7e471c0bc1825e30971d5d16d0.html
9 August, 2022
As we all know, all virtual environments have an entrance, that is, hardware devices. Without hardware, the entire logic of human-computer interaction no longer exists. The Internet era is computers, the mobile Internet era is smartphones, and the third era is VR/AR devices. Today, the VR/AR industry has entered a stage of accelerated growth and has gradually entered the fast lane of industrial development. On the one hand, the growth of VR shipments has significantly accelerated, and on the other hand, the application ecology has gradually improved. The two complement each other and promote the industry to enter a positive cycle.
VR/AR "Spring Breeze Blows Again"
Thanks to the rapid development of VR/AR technology, the popularity of consumer-grade VR headsets is also rising rapidly, and the entire industry contains huge business opportunities. At this stage, various investment and financing events emerge one after another. It is understood that in the first half of 2022, the global VR/AR industry completed a total of 122 financings, with a total financing amount of about 31.527 billion yuan.
Investment and financing is the most intuitive way to understand the status quo of an industry. From the perspective of financing amount alone, in the first half of 2022, the investment and financing enthusiasm in VR/AR-related fields will not decrease at all, reaching 89% of the full year of 2021. Industry insiders further pointed out that under the Metaverse boom, VR/AR, as the entrance to the virtual world, is expected to become the next generation of mobile hardware terminals. In the future, there will be more application scenarios on the C-side and B-side, driving the VR/AR industry chain to usher in explosive growth.
WIMI Seizes the Next Generation Opportunities
Various signs show that after several years of development, VR/AR is ushering in new development opportunities. The continuous upgrading and iteration of VR/AR hardware is expected to bring new development opportunities to leading brand manufacturers and related core technology companies. In such a wave, WIMI Hologram (WIMI.US), as a leading representative of manufacturers in the industry chain, has perfected the layout of technologies such as virtual reality, augmented reality, 5G, artificial intelligence, blockchain and other technologies at the technical level, and is accumulating a large number of technologies. In addition to the reserves, Metaverse hardware, Metaverse content, etc. are also laid out. Under the outbreak of the VR/AR outlet, WIMI took the lead and stood out.
It is reported that WIMI has been paying attention to related opportunities around Metaverse for a long time, and has carried out a lot of related technical reserves. According to the data, WIMI has 195 technical patents related to image processing and display, model input/output, and 3D modeling. 325 software copyrights. And the accumulation of leading technology patents, including a series of imaging algorithms, control methods, interaction methods, scene applications, hardware structure, etc., has a relatively comprehensive technical layout. It can be said that these patent layouts are in line with WIMI's advantages in software.
On the other hand, relying on its own technology ecosystem, WIMI focuses on the research and development in the field of hardware and cloud computing to create a unique Metaverse system of WIMI, which has laid a solid foundation for the arrival of the Metaverse market. In terms of hardware ecology, WIMI has developed a large number of new products through VR/AR ecological chain incubation. The unique ecological chain model has built a product matrix such as new VR/AR products, smart hardware and consumer products, forming a complete hardware system. WIMI attaches great importance to XR hardware layout, and may be a strong player in AR/VR glasses and Metaverse hardware in the future.
In terms of content application, WIMI has not fallen behind. Up to now, at the content level of Metaverse, it has 4,600 AR/VR rights IP content, which promotes the application of AR/VR from live broadcast, games and other consumer entertainment fields, accelerates penetration into different content fields such as industry and education, and achieves large-scale development. . In recent years, WIMI has also made its ecosystem more mature through investment and financing. At present, it has successively invested in a number of high-quality Metaverse companies including Cloud View Research, Wuxi Sandiren Culture, etc., to promote the implementation of a wider range of scene-based applications on the XR track, and to create a closed-loop AR/VR ecological link with online and offline linkages.
The Metaverse concept expands the investment direction of the capital side. In the past few years, WIMI has been insisting on investing in the core industry chain of VR/AR, focusing on investing in underlying technologies, including core components, core technologies, core interactions, and core applications. In the future, WIMI will focus on investment opportunities such as digital asset platforms, NFT digital products, To B and To C tool applications (such as virtual people, virtual meetings). From the perspective of the industry, WIMI Hologram can be said to be planning ahead for the future.
Concluding remarks
It is true that with the rise of the Metaverse concept and the accelerated commercialization of superimposed 5G, the attention and investment in the VR/AR market are like returning to 2016, with sales and production hitting new highs. The author learned that Apple (AAPL.US) CEO Cook recently conveyed his excitement about AR, among which the Apple AR/MR headset will be released in January 2023. As Apple's most complex product ever designed, Apple's AR/MR headset will further enhance the user experience of immersive games and video. And after Apple's AR/MR headset comes out, it will usher in the imitation of many competitors. This kind of imitation and competition will not only help the headset industry to quickly enter the next rapid growth period, but also promote the ecological development of related services and content.
So, in this wave of craze, let's wait for VR/AR to blossom together!
AMENDMENT NO. 4 TO MERGER AGREEMENT - Form 6-K
Source
https://www.marketscreener.com/quote/stock/WIMI-HOLOGRAM-CLOUD-INC-62595120/news/WiMi-Hologram-Cloud-AMENDMENT-NO-4-TO-MERGER-AGREEMENT-Form-6-K-41287340/
August 11, 2022
AMENDMENT NO. 3 TO MERGER AGREEMENT - Form 6-K
Source
https://www.marketscreener.com/quote/stock/WIMI-HOLOGRAM-CLOUD-INC-62595120/news/WiMi-Hologram-Cloud-AMENDMENT-NO-3-TO-MERGER-AGREEMENT-Form-6-K-41205733/
August 4, 2022
AMENDMENT NO. 2 TO MERGER AGREEMENT - Form 6-K
Source
https://www.marketscreener.com/quote/stock/WIMI-HOLOGRAM-CLOUD-INC-62595120/news/WiMi-Hologram-Cloud-AMENDMENT-NO-2-TO-MERGER-AGREEMENT-Form-6-K-41181220/
August 3, 2022
Longwell Technology received strategic investment from WIMI Hologram.
Source
https://finance.sina.com.cn/stock/hkstock/ggscyd/2022-07-29/doc-imizirav5911013.shtml
July 29, 2022 11:42 Zhitong Financial Network
According to reports from the investment community, Longwell Technology has obtained a strategic investment from WIMI Hologram, the world's first holographic AR listed company.
According to public information, Longwell Technology is a company that provides fashionable and cost-effective VR entertainment experience for curious young users. It owns the Long VR virtual reality brand, including hardware helmets and VR content platform Long VR APP.
Wimi Hologram Cloud (WIMI) 6-KWiMi Hologram Cloud Inc. Announces the Appointment of Dr. Harriet Ywan as an Independent Director.
Source
https://docoh.com/filing/1770088/0001213900-22-039122/WIMI-6K
July 13, 2022
Change of Independent Director and Auditor
WiMi Hologram Cloud Inc. is furnishing this current report on Form 6-K to: (i) announce the resignation of Yuanyuan Liu, who was an independent director of the Board of Directors (the “Board”) and the appointment of Dr. Harriet Ywan as an independent director of the Board to fill the vacancy created by Yuanyuan Liu on July 12, 2022, with a copy of press release furnished hereto as Exhibit 99.1; and (ii) report the dismissal of Friedman LLP (the “Former Auditor”) effective June 25, 2022 and that the Company has appointed Onestop Assurance PAC (the “Successor Auditor”) as successor auditor of the Company effective June 25, 2022.
In connection with the change of auditor, the Company provides that:
1.The dismissal of the Former Auditor and the appointment of the Successor Auditor have been considered and approved by the Company’s Audit Committee (the “Audit Committee”) and Board of Directors (the “Board”).
2.After careful review of the proposals received and due consideration of all relevant factors, the Audit Committee recommended to the Board that the Successor Auditor not the Former Auditor, be proposed for appointment as the auditor of the Company for the Company’s financial year ending on December 31, 2022. The Board considers that the aforementioned recommendation is fair and reasonable to the Company and has appointed Successor Auditor as the auditor of the Company for the Company’s financial year ending on December 31, 2022.
3.The auditor’s reports of the Former Auditor on the annual audited consolidated financial statements of the Company for the two most recent financial years preceding the date of this notice, being reports for the financial years ended December 31, 2021 and December 31, 2020, and for any subsequent period to date, neither contain any adverse opinion or disclaimer of opinion, nor are qualified or modified as to uncertainty, audit scope, or accounting principles nor express any modified opinion.
4.There were no disagreements with the Former Auditor on any matter of accounting principles or practices, financial statement disclosures, or auditing scope or procedures, from the time of the Former Auditor’s engagement up to the date of dismissal which disagreements that, if not resolved to the Former Auditor’s satisfaction, would have caused the Former Auditor to make reference in connection with its opinion to the subject matter of the disagreement. None of “reportable events”, as that term is described in Item 16F(a)(1)(v)(A) through (D) of Form 20-F filings occurred within the two fiscal years of the Company ended December 31, 2021 and 2020 and subsequently up to the date of dismissal.
The Company provided the Former Auditor with a copy of this Form 6-K and requested that the Former Auditor provides the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. A copy of the Former Auditor’s letter is furnished as Exhibit 99.2 to this Form 6-K.
During the Company’s most recent two fiscal years and through the subsequent interim period on or prior to the appointment of the Successor Auditor, neither the Company nor anyone on its behalf have consulted with the Successor Auditor on either (a) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, or (b) any matter that was the subject of a disagreement, as that term is defined in Item 16F(a)(1)(iv) of Form 20-F (and the related instructions thereto) or a reportable event as set forth in Item 16F(a)(1)(v)(A) through (D) of Form 20-F.
The Company intends to use this Form 6-K and the accompanying exhibit to satisfy its reporting obligations under Item 16F(a) of its Form 20-F for the year ending December 31, 2022 to the extent provided in and permitted by Paragraph 2 of the Instructions to Item 16F of Form 20-F and plans to incorporate Exhibit 99.1 reference into its Form 20-F to the extent necessary to satisfy such reporting obligations.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
WiMi Hologram Cloud Inc.
By: /s/ Shuo Shi
Name: Shuo Shi
Title: Chief Executive and Operations Officer
Date: July 13, 2022
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CloudMD Appoints Karen Adams as Chief Executive Officer and John Plunkett as Chief Financial Officer.
Source
https://finance.yahoo.com/news/cloudmd-appoints-karen-adams-chief-113000712.html
August 11, 2022
CloudMD Software & Services Inc., a healthcare technology and innovative health services company transforming the delivery of care, is pleased to announce that its Board of Directors has unanimously appointed Karen Adams as the Chief Executive Officer and John Plunkett as the Chief Financial Officer effective August 11, 2022.
Under their leadership and expertise, CloudMD enters a new era focused on driving greater shareholder and client value through executing on the Company’s strategic priorities: continued organization integration, organic growth, financial management and profitability.
“After careful consideration, the Board concluded that CloudMD needs executive leadership with deep industry knowledge and operating experience during this period of considerable change at CloudMD. Karen is a proven leader in the behavioural health space, with a distinguished track record of innovation, growth and talent development. She will focus on developing a value-based cultural leadership approach with a hyper-focus on operational integration, cost optimization, and new client wins,” said Duncan Hannay, Independent Director of CloudMD and Chair of the Governance, Nominating & Compensation Committee.
“Karen has been instrumental in establishing the Company’s core EHS division, executing on its innovation roadmap and developing the Kii Personalized & Connected Care offering. Over the last three months, John has supported Karen in developing the Company’s strategic plan and performing an enterprise-wide review focusing on cost and operating synergies. The Board is confident that Karen and John, supported by the rest of the leadership team, will focus on executing CloudMD’s strategy as it continues to transform into a leading innovative and comprehensive health services company.”
I am excited to lead CloudMD forward at this important time for the Company. The Company has experienced tremendous growth over the past 18 months through numerous acquisitions. We are now turning our attention to rationalizing and operationalizing these assets, so that we can drive value creation for shareholders and clients alike. The current environment has underscored the need to provide timely and critical access to mental and physical health treatment and resources. CloudMD is uniquely positioned to shape the future of personalized healthcare,” said Karen Adams, President & CEO of CloudMD.
“I am also very excited that John Plunkett has accepted the appointment of CFO, as we focus on the long-term financial viability and performance of CloudMD. John and I will work closely with our North American team to ensure we have the right plan to create a sustainable growth platform. As part of this transformation, John will also lead the integration of finance and accounting systems, and implement strong financial controls critical to optimization. You can expect from John and I transparency, accountability, and strong governance as we face CloudMD’s challenges head-on. We will share with you more of our plans in the upcoming Q2 earnings call.”
Ms. Adams was appointed to the role of Interim Chief Executive Officer on May 2, 2022, in addition to her position as President and Global Head, Enterprise Health Solutions division. Since starting with CloudMD, Ms. Adams executed on the strategy of establishing capabilities to address the mental and physical health issues within the employer marketplace, which the Company offers through our personalized & Connected Care offering, Kii. Ms. Adams has held executive leadership roles in large healthcare companies, including Lifeworks (Morneau Shepell, Shepell.fgi), and SCM Insurance Services.
Mr. Plunkett was previously CloudMD’s Executive Vice President, Transformation and Strategic Planning, and held the position of Chief Financial Officer at MindBeacon Holdings Inc. (“MindBeacon”) before it was acquired by CloudMD. Mr. Plunkett was responsible for overseeing the integration of MindBeacon and has been instrumental in working with the leadership team in generating over $7.5 million in annualized cost savings synergies in 2022. Mr. Plunkett brings over 15 years of financial management experience, including strategic financial planning, M&A, business integrations, controllership and corporate accounting. During his tenure as CFO at MindBeacon, he oversaw their IPO in 2020 and the subsequent acquisition by CloudMD. Mr. Plunkett has many years of senior management and operating division leadership experience in large publicly traded corporations, including LifeWorks and D+H. Mr. Plunkett is a Chartered Accountant and Chartered Professional Accountant.
Mr. Plunkett replaces CloudMD’s current Interim CFO, Sean Carr. The Company would like to thank Mr. Carr for his dedication during this period of transition over the last seven months.
CloudMD Finalizes Review and Settlement of the VisionPros Acquisition.
Source
https://finance.yahoo.com/news/cloudmd-finalizes-review-settlement-visionpros-113000045.html
July 22, 2022
CloudMD Software & Services Inc., a healthcare technology and innovative health services company transforming the delivery of care, announces that it has entered into a settlement agreement with the former owners of VisionPros following the previously announced review of the Company’s acquisition of VisionPros, its online vision care platform. The settlement reduces the purchase consideration paid for VisionPros by $14.6 million and also removes any future earnout payments.
Prior to reaching a settlement, management’s concerns on issues with VisionPros resulted in the Audit Committee undertaking the Review with the assistance of independent legal counsel and financial advisors. As a result of that review, recommendations were made to CloudMD’s Board of Directors that the Company proceed with settlement negotiations with the Sellers. The Settlement Agreement reached has been unanimously endorsed by CloudMD’s Board of Directors.
Settlement Terms
Pursuant to the terms of the Settlement Agreement, the holdback amounts of $3,000,000 and 1,090,909 common shares of the Company that were held in escrow as part of the original acquisition of VisionPros will be released to CloudMD rather than the Sellers. Additionally, another 4,909,092 of the common shares of the Company issued to the Sellers on the closing of the acquisition will be returned to CloudMD. All common shares returned to CloudMD will be cancelled upon receipt. Furthermore, the Company will not be required to make any future performance based earnout payments or other payments to the Sellers. The Company also obtained confirmation that certain trade payables of VisionPros in the approximate amount of $800,000 will now be the responsibility of the Sellers, who have indemnified CloudMD for any such payments. Finally, the Sellers have agreed to pay $350,000 in cash to the Company. The reduction in the purchase price related to the Settlement Agreement was $14.6 million.
No other payments will be made by either party to the other in connection with the acquisition of VisionPros and full releases will be exchanged by the parties.
In accordance with the acquisition agreement and as set out in the Settlement Agreement, CloudMD has confirmed to the Sellers that it will not proceed with the technology relating to online eye exams and will assign the appropriate intellectual property rights back to the Sellers, all in accordance with the terms of the acquisition agreement and at no expense to, and no future earnout payments from, CloudMD. The Company has integrated VisionPros into its Kii platform offering and will provide employers with important vision care options for their employees and their family members. CloudMD continues to develop the technology within Kii to meet the needs of its clients.
Finally, the Company is considering other avenues of recovery in connection with the VisionPros transaction.
VisionPros Platform
As previously announced (on June 15, 2022), the Company initiated product sales on its vision care platform, VisionPros, in the United States, for the first time since the fourth quarter of 2021. Since learning of supplier issues while VisionPros was being run by the Sellers, CloudMD has worked diligently with its U.S. based suppliers to rectify all issues, agree to new terms of distribution and sign new contracts. With these new agreements in place, along with a new U.S. distribution centre, VisionPros is now positioned to access the U.S. market in a more efficient and compliant manner.
CloudMD was disappointed to learn of the supplier issues and other management practices while VisionPros was owned by the Sellers. This resulted in the Company being unable to sell in the United States until recently, and necessistated the negotiation and signing of new supplier agreements. In part as a result of the issues discovered and their impact on the Company’s financial projections, the Company expects to record a non-cash goodwill and intangible asset impairment charge in the second quarter of 2022 in the range of approximately $26 to $28 million. The determination of the final amount of the impairment, which will be recorded in the Company’s Q2 2022 financial statements, is subject to a number of factors. The forecast will be reviewed by valuation experts as part of the impairment charge being finalized. The Company does not expect that the impairment charge will have any impact on its liquidity or cash flows from operating activities, but it will reduce earnings for the quarter. The Company expects that the gross margins earned in the VisionPros business will be slightly lower in the near term as a result of the margin profile of U.S. sales under its new supplier agreements, including changes in supplier rebates. The Company is focused on operational improvements to increase VisionPros margins over time.
The Company is pleased that its current employees, including those at VisionPros, were able to address and resolve these operational issues and are focused on the future. The Company remains committed to the VisionPros business. In particular, the Company will be focused on growing and expanding the VisionPros e-commerce platform and realizing acquisition synergies by integrating vision care into Kii, its Personalized and Connected Care offering.
CloudMD Adds Telemedicine Services for Primary Care Health Navigation to Kii Personalized & Connected Care Offering.
Source
https://finance.yahoo.com/news/cloudmd-adds-telemedicine-services-primary-113000775.html
July 13, 2022
Services support the rising comorbidity concerns as individuals with physical health issues are at a much greater risk of having corresponding mental health problems.
- Led by nurses and nurse practitioners which provide fast access to a wide variety of primary care services and treatments and overall health and wellness support for employees and their family members, all from one connected offering.
- Clinical, evidence-based programs deliver engagement and education on healthcare options with proven outcomes that have high client satisfaction.
- Optimizes employer healthcare spending for primary care services, increases return on investment and improves healthcare outcomes by providing whole-person care for employees dealing with both mental and physical health issues.
- Supports workplace stability as employers foster healthy work environments and investment in human capital management to maintain productivity.
CloudMD Software & Services Inc., a healthcare technology and innovative health services company transforming the delivery of care, is excited to announce that it has launched a national telemedicine and physical health coaching service as part of its Kii Personalized & Connected Care (“Kii”) offering. Kii, the Company’s flagship employer health and wellness solution, integrates several of its best-in-class technologies and services into one exceptional, connected, and personalized experience.
The new telemedicine medical care program provides a personalized treatment plan led by nurses and nurse practitioners and supported by primary care doctors and specialists. The nurses and nurse practitioners are trained to deliver comprehensive initial medical assessments, psychosocial healthcare support and treatment for most primary and mental healthcare issues. They act as the first point of contact for referrals to specialists and other important services offered within Kii, to help guide individuals through their personalized healthcare journey.
Karen Adams, President & Interim CEO of CloudMD commented,
“Employers are faced with unprecedented times and are prioritizing healthy workplaces and increased employee productivity. Employers need the confidence that their healthcare spend on mental and physical health benefits is outcome-focused, comprehensive and designed to foster a healthy work environment. When required, we can connect with publicly funded medical practitioners, including primary care and specialists, to help optimize spend and connect employees with the full spectrum of care. In addition, our programs are seeing high adoption rates and engagement, resulting in higher utilization and better healthcare outcomes. We create access to mental and physical health care while prioritizing resiliency, productivity, and peace of mind.”
This solution is delivered through multi-modalities and combines primary care, specialists, and personalized health coaching. Historically, CloudMD has only offered similar telemedicine services direct to consumers in BC and Ontario. As part of its holistic employer healthcare offering, these services will now be available nationwide through 24/7 digital and telephone options to employees and their family members. The telemedicine services integrated into Kii complements and supports the Company’s health coach and navigation services and ensures access to important and often simultaneous treatment of physical and mental health issues.
CloudMD’s mental health coach program has already shown very positive results with 86% usage and 98% satisfaction rates, and the Company expects similar results across the spectrum of primary care.
Employers who choose CloudMD’s telemedicine services will receive an evidenced-based, clinical program that supports and assists individuals in:
- Breaking down barriers to care
- Remedy immediate concerns as they emerge
- Health education across the continuum of care from prevention to treatment
- Psychosocial support
The feedback from clients is that they want a single vendor and platform to treat their employees. Kii offers the ability to manage the entire continuum of care for mental and physical health issues, ranging from prevention to treatment to return to function, from one connected offering. Employers can depend on CloudMD to have a deep understanding of the workplace healthcare environment, and health benefits available to employees and focus on personalized engagement that ensures access to care while prioritizing return to function.
About CloudMD Software & Services
CloudMD is transforming the delivery of healthcare using technology and by providing a patient-centric approach, with an emphasis on continuity of care. By leveraging healthcare technology, the Company is building one, connected platform that addresses all points of a patient’s healthcare journey and provides better access to care and improved outcomes. Through CloudMD’s proprietary technology, the Company delivers quality healthcare through a holistic offering including hybrid primary care clinics, specialist care, telemedicine, mental health support, healthcare navigation, educational resources, and artificial intelligence (AI). CloudMD’s business is separated into three main divisions: Clinics and Pharmacies, Digital Solution and Enterprise Health Solutions, the Company’s fastest growing division. CloudMD’s Enterprise Health Solutions Division has built a leading employer healthcare solution, including its Comprehensive Integrated Health Services Platform, which offers one comprehensive, digitally connected platform for educational institutions, corporations, insurers, and advisors to better manage the health and wellness of their students, employees, and customers.
CloudMD currently services a direct ecosystem of over 5,700 clinicians including, 1,800+ mental health practitioners, 1,600+ allied health professionals, 1,400+ doctors and nurses and covers 12 million individual lives across North America. For more information visit:
https://investors.cloudmd.ca/
ON BEHALF OF THE BOARD OF DIRECTORS
“Karen Adams”
Interim Chief Executive Officer
FOR ADDITIONAL INFORMATION, CONTACT:
Julia Becker
VP, Investor Relations
julia@cloudmd.ca
(604) 785-0850
The latest innovation in Conversational AI arrives with Teneo.
Source
https://www.artificial-solutions.com/blog/the-latest-innovation-in-conversational-ai-arrives-with-teneo
July 5, 2022
The latest upgrade to Teneo has arrived and with it, the leading SaaS-based platform for developing and scaling Conversational AI solutions, just got better.
In this article, we will cover the key updates to the platform and explain how Artificial Solutions’ approach to Conversational AI enables organizations and developer teams to create industry-leading customer experiences.
Providing creators with the power of creativity
This release builds upon Teneo’s pedigree as the most productive & efficient platform for conversation design and solution development.
Focusing on a more intuitive and effective developer’s journey, one that emboldens creativity and enhances productivity, this latest release will enable teams to build better customer experiences faster, with higher quality and greater efficiency.
One of the keys to unlocking a better customer experience, is improving the developer experience while using Teneo. Creativity and productivity are dramatically enhanced when creators can focus on the product, not the tools, therefore, Teneo has been designed to be a natural extension of the creative process.
The platform arms developers with the expert tooling they need to be their most productive, while supporting them throughout the development lifecycle with quality assurance and design intelligence, guiding them and assisting them from build to implementation and through continuous, ongoing improvement.
Expanded Studio Access
One of the most important new features of the platform is the expanded access to Teneo Studio. Teneo now supports users accessing Studio over a streamlined web client as well as through a feature-rich desktop client.
As Conversational AI development teams become increasingly diverse, drawing support from traditional application developers, advanced conversation designers, as well as from subject matter experts within the business, it has become even more critical to cater to these unique and varied user experiences.
For advanced technical users that want a more traditional IDE, Teneo Studio’s desktop client might be ideal. For lesser technical business users, the new web client may make more sense. Or perhaps an advanced user just wants to make a simple change or review a flow design, in which case the web client may be more effective.
Either way, users are free to choose whichever client works best for them and can pivot and change throughout their development journey as needed.
Optimized Development Experience
Whichever access method you choose, whether it’s web or desktop, the next set of improvements you’ll find in the latest release will be the optimized flow design experience.
As Conversational AI use cases continue to expand in terms of scope and complexity, the underlying workflows that support them also grow. Conversation designers building solutions for the enterprise contact center find themselves wrestling with interfaces never designed for solutions at such scale.
However, Teneo’s improved design canvas supports even the most complex and complicated flows without subjecting the builder to an equally complex and complicated user interface. Teneo Studio keeps developers focused, productive, and “in the zone”, regardless of the solution’s scope and scale.
Teneo clears up the often cluttered and inefficient CAI workbench, by exposing only what’s needed, when it’s needed. Teneo Studio provides descriptive and explainable features with a perspective geared toward conversations and customer experience, rather than systems and technology.
Improved Solution Quality
Teneo Studio leverages decades of experience from Artificial Solutions’ team for building and refining large-scale, enterprise-grade contact center solutions to provide users with expert support throughout the development lifecycle.
The developer’s journey in Conversational AI is often a slow and cumbersome one, made more inefficient by a quality control process that typically kicks in after initial design and development.
With our latest upgrade, Teneo introduces quality assurance and support at the very outset of solution design that continues support through the development lifecycle. Teneo Studio will guide, recommend, and provide quality insights and recommendations at every step along the way.
Supportive, descriptive, and explainable tooling makes Teneo easier to learn and easier to master. Ensuring your customer experience solutions are delivered faster, with greater functionality, and with higher quality.
Learn more, here.
https://www.teneo.ai/guide/experience-teneo-seven
Layout of Metaverse Education, WIMI Hologram Strategic Investment in Aikemus Technology.
Source
https://inf.news/en/economy/5fefe8dde10f1cd043c8303de39eebc3.html
June 17, 2022
Aikemu (Beijing) Technology Co., Ltd. is a technology enterprise.
https://appadvice.com/app/ar-e6-b5-b7-e6-b4-8b-e6-8e-a2-e7-b4-a2-e5-ae-b6/1366013495
The company has more than ten national patented technologies and software copyrights, and is committed to promoting the application of AR technology in the field of education. AR smart classroom, to create the first set of scientific and systematic AR potential development teaching materials in the critical period in China, and to establish joint laboratories and industry-university cooperation units with Beijing Institute of Technology, Beijing Institute of Technology, Beijing Institute of Technology, Beijing University of Technology, and Beijing University of Technology. Radio hosts work closely together to create a platform for creative stories.
In 2020, Aikemu was favored by WIMI and became a strategic investment company under WIMI. WIMI (Nasdaq: WIMI) is the world's first holographic AR listed company, focusing on computer vision holographic cloud services, with a professional R&D team, and is a leader in the holographic VR/AR industry. At present, the main business covers from holographic vehicle AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR virtual advertising technology, holographic AR virtual entertainment technology, interactive holographic virtual communication, Metaverse holographic AR technology, Metaverse virtual It is a provider of holographic cloud comprehensive technology solutions for multiple aspects of holographic AR technology such as cloud services. As a listed company in the holographic AR industry, WIMI has a high global reputation and a strong holographic AR technology research and development ecosystem.
WIMI helps Aikemu use holographic AR technology to change the traditional teaching mode, promote education fairness with AI technology, and contribute to the development of China's preschool education industry. AR+ education can not only greatly improve the teaching quality and interest of teachers, but also enable students to master knowledge more quickly in a pleasant and relaxed environment, improving the efficiency of learning. In the era of intelligence, the development of educational informatization has entered a new stage. With the advancement of new infrastructure, emerging technologies represented by 5G, artificial intelligence, AR augmented reality, etc. continue to lead to educational reform and innovation.
It is necessary to build a moral education first, ability first, knowledge-based talent training system, in order to adapt to the new situation needs. Intelligent technology empowers teachers, students, classrooms, courses and schools to form new education and teaching scenarios. The development of AR technology promotes the formation of a three-dimensional comprehensive teaching field, realizes the integration of physical space and virtual space, and builds a comprehensive, intelligent and integrated education platform.
From China's 2035 plan for education informatization during the 14th Five-Year Plan period, it can be seen that no matter what the education model is, the ultimate goal is to promote the future-oriented development of students, create a space for them that is conducive to independent learning and personality development, and provide them with suitable Sexual learning services, so that they can learn to learn, learn to think, learn to collaborate, and learn to create, instead of falling into the trap of zero-sum game in order to compete for the college entrance examination and go to a famous school.
If informatization is turned into paying for the increasingly serious "educational involution", it will become a great tragedy of education. At the time when the Central Committee of the Communist Party of China and the State Council issued the "Overall Plan for Deepening the Reform of Education Evaluation in the New Era". WIMI and Aikemu will focus on how to make full use of information technology to improve the scientificity, professionalism and objectivity of educational evaluation, explore value-added evaluation, improve comprehensive evaluation, and create a new model and path of Chinese-based educational evaluation.
The two parties actively explore the use of Internet + education, including the use of artificial intelligence, 5G, big data, AR and other new technologies, to solve the key problems in the pursuit of balanced development of education, solve new problems in the process of using informatization to help education fairness, and overcome the impact of the epidemic The urgent issue of using information technology to empower the resilience building of the education system.
Aikemu focuses on exploring the organic combination of teaching and educating people under the technical conditions of artificial intelligence, big data, VR/AR and "Internet +", further deepening the use of intelligent teaching and learning tools, and cultivating students' innovation and practical ability. Make full use of intelligent virtual simulation tools, 3D interactive experience tools, etc. to help students gradually improve their innovative thinking and systematic thinking skills on the basis of in-depth learning knowledge and skills. According to the actual needs of classroom teaching problems, combined with the advantages and disadvantages of various technologies, the application methods of technology in classroom teaching are systematically classified, and the effective ways of technology-enabled classroom teaching are sorted out.
Mainly based on AR, VR and MR technologies, combined with artificial intelligence "Internet +" and holographic AR technologies, the objective world and its operation process are intelligently simulated according to the inherent laws, and can be interactively controlled according to needs, providing a deep understanding of knowledge Provide effective support for in-depth exploration of issues.
WIMI and Aikemu are committed to effectively using big data, artificial intelligence, "Internet +" and video technologies to establish a learning road network system and build a new model of human-network integrated education. Focusing on "Internet +" and video technology, combined with technologies such as big data and artificial intelligence, according to the teaching and learning paths, on the basis of the construction of teaching kit resources, establish learning road network resources, and iteratively optimize learning paths based on application effect big data. web resources. On this basis, intelligent virtual teachers will be established, which will be organically combined with classroom teachers to provide students with high-quality educational services and form a new form of Metaverse education.
DIT Group and Glodon sign agreement over cooperation in business promotion.
Source
http://dit.aconnect.com.hk/document/press/pressEN_220802.pdf
August 2, 2022
DIT Group Limited (SEHK stock code: 726), an innovative high-tech company specializing in businesses in the whole value chain of prefabricated construction (“PC”) in the People’s Republic of China (“PRC”), is pleased to announce that it signed an agreement with Glodon Company Limited (SZSE stock code: 002410) on 28 July over cooperation in business promotion.
Yu Dayou, Chief Technology Officer of DIT Group, Jiang Zhiguo, General Manager of DIT Investment Company, and Yang Junhong, Deputy General Manager of DIT Investment Company, Zhu Xiaoyu, Assistant President of Glodon and General Manager of Innovation Center of Glodon, and Li Zhi, General Manager of the Hunan Branch of Glodon, attended the signing ceremony. Under the agreement over cooperation in business promotion, the two companies aim at exploring thoroughly the possibility of conducting digital transformation of the construction industry by leveraging their unique advantages in their respective fields. They will jointly promote the development of the information technology for the industry and further the application of refined project management, thusfacilitating the adoption of advanced technologies and the digitalization of the construction industry. Subsequently, the two companies will have comprehensive discussions on the integration of resources, future directions, and mode of cooperation regarding their products and services.
DIT Group’s chief executive officer and executive director Guo Weiqiang said,
“The agreement between Glodon and us over our cooperation in business promotion is another milestone after DIT Group and Glodon officially commenced their strategic cooperation. It marks a new stage in our cooperation with Glodon in inclusive development. With our advantages in prefabricated construction and Glodon's in-depth understanding of the customers and the industry’s needs, we will work together towards the goal of achieving mutually beneficial development through the alliance of two strong companies with complementary advantages and on the basis of equality. We will firmly grasp the opportunity in the rapid development in the era of smart construction and give full play to our respective capabilities, thus jointly contributing to the digital transformation and development of the construction industry.”
Chinasoft International (00354) rose by more than 4%, institutions are optimistic that the company will continue to benefit from the rapid development of smart cars and Hongmeng ecology.
Source
https://cj.sina.com.cn/articles/view/5835524730/15bd30a7a02001bgy7
August 11, 2022 13:56 Zhitong Finance APP
Zhitong Finance APP was informed that Chinasoft International (00354) rose by more than 4% in the afternoon. As of press time, it rose 4.38% to HK$7.38, with a turnover of HK$34.2797 million.
Haitong Securities stated that as a leader in IT services in my country, the company has achieved profound technical accumulation and a leading position in the industry. At present, with the rapid expansion of the smart car industry, the company is actively deploying and has established a relatively complete R&D system and product chain. Solutions such as the Hongmeng cockpit have actually been launched, superimposing the company's special and important position in the Hongmeng ecosystem. The company is expected to continue to benefit from the rapid development of smart cars and Hongmeng ecology in the future, and its performance may achieve rapid growth.
Chinasoft International and Shenzhen Kaihong released the (1+1) x N strategy to change human production and lifestyle with digitalization and intelligence.
Source
https://www.chinasofti.com/news/2405.htm
July 30, 2022
The 2022 Open Atom Global Open Source Summit was officially held in Beijing Yichuang International Convention and Exhibition Center from July 27 to 29. Chinasoft International Co., Ltd., Shenzhen Kaihong Digital Industry Development Co., Ltd. Hong” were invited to attend the opening ceremony and the summit forum respectively. Chen Yuhong, Chairman of the Board of Directors and CEO of Chinasoft International, and Chairman of Shenzhen Kaihong, delivered a keynote speech at the opening ceremony "Consolidating the foundation of OpenHarmony and enriching the ecology of thousands of industries"; Dr. Wang Chenglu, CEO of Shenzhen Kaihong, then delivered a speech at the summit forum with the theme of "With Digitalization, Sharing the theme of “Intelligent Changes in Human Production and Lifestyle”, and released the new “(1+1)×N” strategy created by Chinasoft International and Shenzhen Kaihong, which set off a climax of industrial digitalization and intelligent development. . Shenzhen Kaihong will build a scenario-based hyperterminal solution around the new All-Intelligence OS and hyperterminal management platform, and deeply combine Chinasoft's international first-class service and delivery capabilities to form a cloud-pipe-terminal integrated service system, and cooperate with industry-wide ecological partners to continue Explore the new business model of OpenHarmony, continue to break through the boundaries of the industry, and achieve the future of the Internet of Everything.
The era of the Internet of Everything "Made in China" to "Made in China".
The global digital revolution continues to deepen, and 5G, cloud computing, artificial intelligence and other technologies are iteratively accelerated. After the PC era and the mobile Internet era, the way people acquire, use, and transmit information continues to evolve, promoting the chip + OS as the core information industry With continuous evolution, the information age and intelligent terminals are accelerating toward the era of the Internet of Everything.
At the same time, the factors driving my country's economic development have changed, and the high-speed economic development model brought about by demographic dividends, globalization, and infrastructure construction is no longer applicable. my country is faced with the disappearance of demographic dividends and rising labor costs, the extensive development model is unsustainable, and the industrial structure is in urgent need of transformation; at the same time, in order to cope with today's complex and changeable international environment, my country has proposed a dual-cycle economic development model; In the case of frequent climate occurrences, the proposal of my country's "dual carbon" goal has also brought huge challenges to the development of industry and manufacturing. Only by grasping the opportunity of the era of intelligent connection of all things, mastering the core technology, and promoting the transformation of the entire industry to the direction of digitalization and intelligence In order to continuously improve total factor productivity and achieve high-quality development.
Historical experience shows that mastering the core technology of the industry is the foundation of making the "industrial cake" bigger, and mastering the core technology can grasp the market share and profits.
In fact, China is currently the world's largest producer and consumer of smart terminals, with a super-large market advantage. At the same time, my country has strong smart device manufacturing capabilities, and has explored and formed a number of mature and replicable new smart manufacturing models. If my country wants to move from manufacturing products to creating industries and ecology, it is necessary to develop the root technology of the Internet of Everything, vigorously and improve the industrial ecology, and become a leader in the new development era.
All things Zhilian OS + super terminal management platform - Build the core of industrial ecology.
The complete industrial chain of the Internet of Everything is constructed by the perception layer, the network layer, the platform layer and the application layer. Among them, the terminal devices of the perception layer are rich and diverse:
sensors, modules, industrial equipment, etc., can be equipped with KaihongOS; at the network layer, whether it is a public network It is still a local area network. my country's development has huge advantages and leadership in the world; the application layer has flourished in various industries; and in the entire ecological link of the Internet of Everything, the most critical link - the platform layer, it It is both our opportunity and our weak point. The most important part of the platform layer, the operating system and the super terminal management platform, are not only the link between the whole ecology, but also the glue of the whole ecology.
At present, various application development and hardware terminal ecology of the application layer are separated from each other, and it is impossible to realize the interconnection and intercommunication between terminals, and it is impossible to realize the mutual circulation of information, which leads to the blockage of the industrial ecology, and the application development cycle is long and the cost is high. If you want to break the barriers, it is the key to break the situation by building an operating system base and a hyperterminal management platform to achieve software "definition" of hardware and complex systems.
All-connected OS can be mounted on various hardware devices, combining sensor devices and computing power connection devices as needed to realize "software-defined hardware"; however, to realize intelligent collaboration between various terminals, it is necessary to use the hyperterminal management platform, Flexibly combine different terminal equipment modules according to application scenarios from a full perspective, access the management platform on demand, realize "software-defined complex system", empower thousands of industries, optimize all aspects and processes of production and life, and realize digital and intelligent Retrofits and upgrades.
Shenzhen Kaihong's "(1+1) × N" strategy - Join hands with Chinasoft International to empower thousands of industries to transform and upgrade.
Mr. Chen Yuhong mentioned in his sharing at the opening ceremony that "rooting in OpenHarmony's 'black soil'" and making a good connection with the technology of all things, Chinasoft International and Shenzhen Kaihong will work hard to develop, work hard, and deeply root the core technology. in China. "Chinasoft International has always been committed to revitalizing China's software development. Under such a development concept, in the pace of the development of the information technology era, it has continued to make unremitting efforts in its own product research and development and assisting partners in digital transformation. Based on the information technology field and Prospective insight into the development of the industry's digital intelligence trend. As early as 2012, Chinasoft International fully participated in the special research and development of early open source projects; in 2020, Chinasoft International and six other co-construction units established OpenHarmony under the organization of the Open Atom Open Source Foundation. Committee, and deeply participate in the co-construction of the OpenHarmony open source community. In the coming era of the Internet of Everything, the development of China's core technologies will deeply affect the future development of the industry. Chinasoft International seizes the opportunity under this background to focus on the core intelligence of the Internet of Everything. The development of the Internet of Things, the establishment of Shenzhen Kaihong, is now inviting Wang Chenglu, an industry leader, to join hands to join hands in the no-man's-land of the domestic intelligent Internet of Things, and promote the development of core technologies in the era of the Internet of Everything in China.
Based on a deep understanding of the needs of industrial ecological construction in the era of the Internet of Everything and Chinasoft International's many years of accumulated experience in the industry, Shenzhen Kaihong, as Chinasoft International's pioneer camp in the field of OpenHarmony, focuses on the development and innovation of open source operating systems based on OpenHarmony. Kaihong officially released the "(1+1) × N" strategy, one digital base - KaihongOS, and one super terminal management platform, enabling N industry application scenarios. KaihongOS inherits and develops the technical advantages of OpenHarmony: unified format, ad hoc network, safe and reliable, stable connection, flexible combination, flexible deployment, etc. The hyperterminal management platform realizes open access, visibility, management and control of all things through the twinning of the real world and the digital world.
Shenzhen Kaihong will build the core cornerstone of the IoT industry ecology around the All-Intelligence OS and the super terminal management platform, and join hands with open source community ecological partners to contribute. On the one hand, it is based on the open source HarmonyOS ecosystem, which continuously absorbs the underlying technology source power, and on the other hand, it uses KaihongOS to empower thousands of industries and industries, and feeds back the open source ecosystem through continuous innovation and contribution.
Chinasoft International positions itself as a leader in software intelligence, an innovator in product intelligence, and a co-builder of industry intelligence. Starting from the needs and pain points of all parties, it sorts out the end-to-end software delivery created by tool intelligence and professional talents. , Build high-value products and solutions with data intelligence and underlying technology, and realize the targeted supply combination of project co-creation with platform and ecological aggregation of resource elements.
With first-class cornerstone services such as Chinasoft International's industry precipitation, software and hardware product customization capabilities, and digital software factory operation management, we continue to provide industry customers with product services and application solutions. Backed by the strong support of Chinasoft International, Shenzhen Kaihong is deeply cultivating the "root technology" of the era of the Internet of Everything, focusing on the research and development and innovation of KaihongOS. In the future, Chinasoft International and Shenzhen Kaihong will use "hard-core products + excellent services" to play a "combination punch" to accelerate the transformation of the industry's digital intelligence, to be the most solid and reliable partners in the process of industrial digitization and intelligence, and to join hands with industry partners to jointly build A new ecology of smart life and smart production.
Or If you have any unanswered questions, please address them directly to:
James Gerry McClinton - Chief Financial Officer and Director
gmcclinton@capstonecompaniesinc.com
George Wolf - Non-Executive Director
gwolf@capstoneindustries.com
Aimee C. Brown - Director of Administration
aimee@capstoneindustries.com
Smart Mirror Advantages (and Disadvantages)
Source
https://capstoneconnected.com/smart-mirror-advantages-and-disadvantages/
August 10, 2022
If you have any unanswered questions, please address them directly to Larry Paul Sloven - President & Managing Director.
(239) 567 9811 is a number based in US.
Owner Name : Larry Paul Sloven
Age : 73
Date of Birth : 05/20/1949
Email : lpshk@aol.com
Source
https://www.revealname.com/239-567-9811
Subsequent SEC report dated July 08, 2022. - FORM 8-K.
Published: 2022-07-08 16:00:41-04:00
Submitted: 2022-07-08
Source
https://sec.report/Document/0001575705-22-000486/
Artificial Solutions announces new capabilities in Teneo.
Source
https://www.artificial-solutions.com/blog/artificial-solutions-announces-new-capabilities-in-teneo
June 30. 2022
Focus on enhanced collaborations deliver the next generation of Conversational AI for enterprises on Microsoft Azure.
Artificial Solutions is pleased to announce further additions to Teneo, the most versatile Conversational AI platform for automation, driving revenue growth and cutting operating costs. Teneo is a pay-as-you- go, open and modular platform that is deeply integrated and optimized for the Microsoft Azure ecosystem, representing a single platform to develop, test, approve and publish Conversational AI solutions.
Teneo includes a range of new features that allows enterprise-level organizations to develop next-generation conversational customer experiences with no-code, low-code, and pro-code capabilities, all in one platform.
Teneo’s new UX provides:
- The freedom to put the customer experience at the foreground of the builder’s journey, to transcend the development process with a focus on the conversation.
- An enhanced Web and Studio UI that allows conversation designers to build solutions with remarkable efficiency. A platform so intuitive that it becomes a natural extension of the creative process.
- An improved flow editor that keeps the developer “in the zone” creatively and productively. A design canvas that keeps the developer focused on conversations and customers, not systems and technology.
- An optimized design canvas that will guide, recommend, and provide quality control throughout the development journey, ensuring conversations are built correctly the first time, every time.
- A clutter-free workbench. Gradually exposing exactly what builders need, and only when they need it. Teneo will supercharge your team’s creative skills. Descriptive and explainable tooling makes Teneo both easier to learn and easier to master.
Design and development teams will be provided with a diverse range of tools that will help them to achieve their full potential and create industry-leading Conversational AI solutions, as demonstrated by Swisscom
https://www.artificial-solutions.com/conversational-ai-case-studies/telco
and
Škoda Auto.
https://www.artificial-solutions.com/conversational-ai-case-studies/skoda
Andreas Wieweg, Artificial Solutions´ Chief Technology Officer, said:
“Our new additions will provide even greater capabilities to new and existing customers. We know how frustrating it can be to work with platforms that don´t scale, which is why we have created a platform that provides ultimate freedom and unlimited growth opportunities for conversational design teams.”
Teneo currently provides $7m in monthly savings for Artificial Solutions´ customers, while also supporting an 80% growth in conversational volumes seen across 65+ international implementations. The platform also allows users to build CAI solutions in 85+ languages, with additional dialects being planned over the course of 2022. Teneo is FULLY GDPR-compliant, ensuring the safety and protection of organizations and customers data.
Learn more about Teneo’s latest features, here
https://www.teneo.ai/guide/experience-teneo-seven
VR Enters Automotive Industry, WiMi Drives Autonomous Driving with AR Technology.
Source
https://www.newstrail.com/vr-enters-automotive-industry-wimi-drives-autonomous-driving-with-ar-technology/
June 17. 2022
People are talking about the “metaverse” and Wall Street is very bullish about it. Wall Street predicts that the metaverse industry will reach $13 trillion by the end of this decade. Citi analyst Andre Lim believes that the metaverse consists of modules and that investing in these modules, or in companies that build the experience, is an early investment opportunity in the metaverse space. He also believes the metaverse market size will reach $8-13 trillion by 2030.
Meta is so committed to the metaverse that it has changed its ticker symbol from FB to META, officially implementing the new ticker symbol a few days ago. The industry sees the metaverse as a new growth point and the next strategic competitive field that will trigger a new round of reshuffle in the global technology industry. AR/VR provides an entry point for users to enter the metaverse; 5G network guarantees the stability of access and full-area coverage; IoT and industrial Internet drive massive machine access to the metaverse and will greatly enrich data resources. Beyond technology development, the automotive industry is also focusing on the derivative effects of the metaverse.
The application of AR/VR technology in intelligent transportation.
Nissan wants customers to preview its new electric car lineup more easily based on the metaverse, the company reported last month as it launched an exclusive virtual space on the VRChat platform to support visitors watching Nissan’s latest lineup of eco-friendly vehicles. In addition to the Nissan Car Tour experience, Nissan has also launched a virtual space on VRChat called “Nissan Sakura Driving Island. Here, visitors will be able to put themselves in the Nissan Sakura driving seat and drive around the beautiful island in a Nissan Sakura. However, you will not be able to control the virtual car. Instead, you will enjoy the scenery along the fixed route based on the autopilot mode.
There is no doubt that this is a smart move by Nissan based on VR technology in order to expand its customer reach. But Nissan is not the first company to adopt metaverse technology for branding, as earlier, Ford Motor Company has patented its augmented reality display for locating vehicles. The latest AR patent will further advance Ford’s AR technology by helping owners locate their vehicles quickly and easily through the use of AR displays. Similar technology is already available in some mapping apps, but this Ford patent not only fixes the location of the vehicle on a map, but also provides information on the real location of the vehicle near where it is parked and gives navigation directions to help owners find the vehicle quickly.
WiMi AR technology assists car driving.
With the gradual maturity of AR technology, AR technology has emerged in various fields, and the technology of combining AR technology with smart cars has increasingly attracted the attention of giant companies. It is reported that WiMi Hologram Cloud (NASDAQ:WIMI), a leading global AR science and technology-based company, is gradually entering the smart car field. In fact, WiMi Hologram Cloud, considered as one of the early pioneers in the field of holographic AR, is striving to gradually push the holographic AR technology into the real world to empower brands and partners and be trusted by users.
Specifically, services WiMi provides are mainly gathered in the professional fields of car AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic devices, holographic semiconductors, holographic cloud software, holographic car navigation, metaverse holographic AR/VR devices, metaverse holographic cloud software, etc.; covering from holographic car AR technology, 3D holographic pulse LiDAR technology, holographic visual semiconductor technology, holographic software development, holographic AR virtual advertising technology, holographic AR virtual entertainment technology, holographic ARSDK payment, interactive holographic virtual communication, metaverse holographic AR technology, metaverse virtual cloud service and many other aspects of holographic AR technology. It is a holographic cloud integrated technology solution provider.
At present, WiMi’s AR is constantly enhanced, and its technology that gives full play to creativity provides a powerful means to expand human intelligence, and has a huge and far-reaching impact on production methods and social life, which will truly change the way of observing the world. In the field of travel, WiMi focused on the development of holographic AR technology to drive the automotive field with AR technology, combining holographic AR with self-driving navigation system. The most important feature of the holographic AR auto navigation system built into the car is that it can project three-dimensional images on the basis of the real road and automatically adjust according to the driver’s specific perspective to provide accurate driving navigation.
Public information shows that the holographic AR patents obtained by WiMi are widely used in telemedicine, industrial construction, environmental simulation, traffic indication, virtual education, holographic communication, 3D printing, and assisted driving. Along with the rapid development of the smart car industry, WiMi seeks to develop more holographic AR patents and products applicable to the automotive industry to establish deeper customer relationships by integrating software and hardware solutions for in-vehicle holography. It is understood that the WiMi HoloPulse LiDAR, a 3D holographic pulse LiDAR product, can greatly enhance the safety of autonomous driving, and is a safety role for advanced autonomous driving sensors, providing safe driving services and value-added automotive services for car owners.
Conclusion
It is easy to see that more and more companies are actively exploring new paths to integrate AR technology, and perhaps, AR technology will bring continuous innovation in future travel navigation. Ali and Gaode Maps have launched their own AR navigation technology one after another, and Drip travel has demonstrated its AR real-world navigation function, which is a technological innovation in computer vision positioning and 3D scene construction, using real-world to perceive the surrounding environment and help online taxi passengers better arrive at the boarding point. Meanwhile, Baidu’s autonomous driving system Apollo also released an AR-HUD-based intelligent driving solution. Currently, the AR navigation function is online in large airports, train stations and shopping malls. In the future, how AR technology will change public transportation and travel, we’ll see what happens then.
VR / AR industry has entered a new growth cycle; WIMI Hologram Cloud creates a new engine for development.
Source
https://www.newstrail.com/vr-ar-industry-has-entered-a-new-growth-cycle-wimi-hologram-cloud-creates-a-new-engine-for-development/
June 16, 2022
Recently, according to media reports, the Apple RealityOS trademark has been found to be fully registered, and the registered company is “Realityo Systems LLC”, the company address and the same address used before the macOS California release. realityOS is an operating system for AR / VR devices, on Apple’s AR / VR devices.
Industry insiders speculate that Apple’s future product release is likely to be a VR upgrade form, MR / XR, which is expected to announce information about the device at WWDC22 (Apple’s Worldwide Developers Conference) on June 6. It follows reports that Apple showed board members the upcoming AR / VR headsets, suggesting that the development of the device is nearly complete. Based on current progress, the headset is expected to be released between late 2022 and 2023.
Some organizations believe that Apple’s upcoming MR product is expected to redefine the market. Based on Apple’s leading position in the past smartphone development process, Apple’s MR products could lead the VR / AR industry and push the sector into a new growth cycle.
Metaverse Concept Stimulating the VR / AR Market
As the Metaverse concept continues to grow, the global VR / AR market will see explosive growth in 2021. The global virtual reality and augmented reality (VR / AR) headset market grew 92.1 percent in the 2021 year on year with shipments to 11.2 million units. Meta Quest 2 is the most popular product to date, with 78% of the VR / AR market in 2021, leading the VR / AR market, according to International Data Corporation (IDC). According to Counterpoint Research, the total annual sales volume of Meta Quest 2 2021 exceeded 10 million units, or 10.4 million units accurately.
IDC forecasts that shipments of VR / AR headsets will grow 46.9% year on year in 2022 and reach double-digit growth by 2026 when global shipments of VR / AR headsets will exceed 50 million units at a compound annual growth rate (CAGR) of 35.1%.
At present, many companies at home and abroad are entering the fields of augmented reality, virtual reality, and recently called “Metaverse”, to seize the promising new “blue ocean”, intensifying the market competition in the VR / AR field, and is expected to drive the rapid development of related industrial chain enterprises. The holographic AR head enterprise WIMI will also benefit.
WIMI Hologram Cloud accelerates the layout of the Metaverse industry
WIMI Hologram Cloud (NASDAQ: WIMI) announced its establishment of the Metaverse division last year, and is now become a pioneer in the global Metaverse field.
After several years of development, WIMI has established a relatively complete holographic AR technology research and development system, holographic AR content production and reserve system, and holographic AR commercialization system.In addition, WIMI actively carries out technical innovation and improvement of virtual people. The company owns nearly 5,000 holographic virtual IP rights and interests content, covering a wide range, including holographic animation, virtual live broadcasting, virtual idols, and virtual social networking. In addition, it also works with various content owners to convert high-quality IP into holographic virtual products to improve the operating system of the IP ecosystem. In the future, virtual people will gain a place in the Metaverse industry with their natural advantages such as diversity and high immersion.
In addition, WIMI has an advanced holographic AR application platform, with a relatively mature hardware environment, which is very beneficial to the software and content in the development field. In addition, the AR engine and the new generation of AI supercomputing centers will jointly constitute the Metaverse infrastructure, and WIMI has gradually formed an ecological closed-loop in the enterprise service field of AR + AI. With the deepening of cooperation with partners, WIMI will integrate AR + AI technology services into the overall digital transformation of enterprises, and constantly complete the visual algorithm accumulation, data accumulation, and knowledge accumulation in the direction of AR + AI.
Under the Metaverse tuyere, the global technology giants and various manufacturers are looking for entry into the Metaverse market. WIMI seized the development opportunities of the “Metaverse” industry, actively looking for ways to enter the Metaverse market, and launched a new round of hardware and software layouts. In addition, increasing investment to compete for the golden track, and promote the VR / AR market presents a hundred flowers bloom, a hundred schools of thought contend. This is both a challenge and an opportunity for companies wanting to get the Metaverse ticket. After all, anyone who can break through the VR / AR technology barriers first and win the first opportunity is more likely to “touch” the Metaverse.
To sum up, WIMI’s independent innovation opens a new entrance of the digital world with a new generation of visual light field technology, which can change consumers’ cognition and behavior mode, and make a little contribution to the development and progress of the whole society. It is believed that in the near future, technologies such as holographic technology will penetrate into all fields of society, build an all-round information ecosystem centered on users, and realize the vision of “information comes at heart, everything touches hands”.So that users can communicate face to face through the holograms, not limited by the network transmission speed, and truly achieve the “face to face” holographic transmission effect.
It can be said that the entry of the giants has injected vitality into the VR / AR market, and the terminal equipment gradually starts.With the rise of Metaverse industry, the VR / AR industry has entered a period of rapid expansion, and the huge market demand will inject new momentum into the development of WIMI and other related industrial chain enterprises, and is expected to create a new engine for the company’s business development.
In a word, Metaverse is a popular word with popularity. In essence, it still takes VR, AR, XR and other technologies as the core to gather the development of related industries. For the application of Metaverse concept, local, or industry institutions have given Metaverse very high expectations.It is worth paying attention to the data show that in the first quarter of 2022, there were more than 43 VR / AR enterprises global investment and financing, including 18 investment and financing of more than 100 million yuan, the highest single financing amount reached 2.2 billion yuan, and the total financing amount reached 8.2 billion yuan, a year-on-year growth of 51% compared with 2021. Metaverse 2022 Metaverse is unstoppable!
DIT Group’s Decoration Industrial Park included in "The List of Factories with Intelligent Production for 2022 in Henan Province”.
Source
http://dit.aconnect.com.hk/document/press/pressEN_220718_1.pdf
July 18, 2022
DIT Group Limited, is pleased to announce that the intelligent production for production of doors and windows for prefabricated construction at the Group’s Decoration Industrial Park in Henan province made it to "The List of Factories with Intelligent Production for 2022 in Henan Province”. The list was announced by the Department of Industry and Information Technology of Henan.
DIT Group’s Decoration Industrial Park in Henan is a major investment project in Kaifeng Municipal Government’s campaign to attract investors. It is also a key part of the Group’s “turnkey” project. The selected intelligent production for production of doors and windows for prefabricated construction is fully automated and is dubbed a "lights-out factory".
The production adopts intelligent production line and intelligent control system to raise efficiency in both management and production. The intelligent control system can ensure the consistency of product quality and improve product qualification rate. In addition, the production is equipped with an online system for monitoring energy consumption and an intelligent control system to improve energy utilization and to reduce the number of operators on the work floor to ensure safety. To meet clients’ demand for customization, the designers at the intelligent production can input the parameters of production into a system for optimizing the design of the doors and windows and thus automatically generate orders. The digitalized and intelligent production line will operate accordingly.
DIT Group’s chief executive officer and executive director Guo Weiqiang said,
“We are honoured that the intelligent production line in the Group’s Decoration Industrial Park in Henan has been rated as the "Model Intelligent Production in Henan Province". This fully testifies to the Group's achievements in technological innovation and the effectiveness of its intelligent manufacturing solutions for the digitalization of businesses. In the future, we will press ahead with mechanization and intelligentization by blazing a trail in the intelligentization of the entire value chain of prefabricated construction and by furthering the digitalization and intelligentization of its operations. By upgrading the production process through digitalization and intelligentization, the Group will be able to provide customers and society with integrated solutions for smart construction and thus accelerate the transformation of the construction industry into an environment-friendly one.”
Zhuyou Zhizao Technology (00726) entered into two patent licensing agreements.
Source
https://finance.sina.com.cn/stock/hkstock/ggscyd/2022-06-29/doc-imizirav1186281.shtml
June 29, 2022
Zhuyou Zhizao Technology announced that on June 29, 2022, the company's indirect wholly-owned subsidiary Zhuyou Zhizao Investment (as the licensor) and Henan Zhuyou Craftsman (as the authorized person) entered into the Patent Licensing Agreement I, and Zhuyou Zhizao Investment granted Henan Zhuyou Craftsman the right to use the authorized patent I in Henan Province, China, from June 29, 2022 to June 28, 2025 date.
On June 29, 2022, Zhuyou Zhizao Investment (as the licensor) and Zhuyou Architectural Design (as the licensee) entered into a patent licensing agreement II, which was granted by Zhuyou Zhizao Investment to Zhuyou Architectural Design in Hunan, China Provincial right to use Granted Patent II for a period from June 29, 2022 to June 28, 2025.
The Group's grant to customers (including Henan Zhuyou Craftsman and Zhuyou Architectural Design) for the use of some patents (including Licensed Patent I and Licensed Patent II) related to the installation of prefabricated building components will not only not affect the Group's core competitiveness, but also Maximize the value of the patents by realizing the Group's patents for the installation of prefabricated building elements. Leveraging on the research and development and technical expertise in prefabricated building construction technology, the Group will also have an additional source of income.
DIT Group’s Foshan Factory honoured as “Niche Enterprise” in Foshan.
Source
http://dit.aconnect.com.hk/document/press/pressEN_220628.pdf
June 28, 2022
DIT Group Limited, an innovative high-tech company specializing in businesses in the whole value chain of prefabricated construction (“PC”) in the People’s Republic of China, is pleased to announce that the Group’s factory in Foshan City was recognized as a “Niche Enterprise for 2022” there by the municipality’s Bureau of Industry and Information Technology.
Granting the honours of “Niche Enterprises” to businesses is a major national policy of encouraging small and medium-sized enterprises to become specialized, distinctive and creative with lean management and enhanced capabilities for innovation and core competitiveness. This is aimed at improving both the quality of development and standards. As winners of the honour, the enterprises must have strong innovation capabilities, big market shares and mastery of core technologiesso that they serve as pillars of China’s manufacturing industry and the key to stabilizing both the value chain and supply chain. The Group’s Foshan factory has passed the certification of national high-tech enterprises and intellectual property management system and has been approved as an industrial base for prefabricated construction (for production of components and parts) in Guangdong Province, a research centre for construction technologies in Foshan and a research centre for construction technologies in Nanhai District, Foshan.
DIT Group’s chief executive officer and executive director Guo Weiqiang said,
“We are deeply honoured to have received the recognition of the Bureau of Industry and Information Technology of Foshan City for our factory in Foshan. This marks the factory’s success in taking innovation to the next level and setting a new benchmark for the development of the prefabricated construction industry. The Group’s Foshan factory has been recognized by its various core clients since it has been put into operation. Its brand influence has also been growing. As the Group’s key enterprise in the prefabricated construction industry in the Greater Bay Area, our Foshan factory will continue to enhance its innovation capabilities and core competitiveness, striving to promote prefabricated construction technologies that reduce carbon emissions from construction and accelerate both the green transformation and upgrade of the construction industry.”
DIT Group’s decoration industrial park receives special subsidy of RMB5 million.
Source
http://dit.aconnect.com.hk/document/press/pressEN_220622.pdf
June22, 2022
DIT Group Limited, an innovative high-tech company specializing in businesses in the whole value chain of prefabricated construction (“PC”) in the People’s Republic of China, is pleased to announce that the Group’s DIT Decoration Industrial Park in Henan province received the highest special subsidy of RMB5 million on 20 June 2022 as an exemplary technological application project that featured "machines as labour substitutes" under the province’s special subsidy programme for the manufacturing sector’s high-quality development for 2022.
At the end of 2021, the Department of Industry and Information Technology and the Department of Finance of Henan province jointly compiled a list of projects to be supported by the province’s special subsidies on the manufacturing sector’s high-quality development for 2022. The decisions on eligible projects were based on a judging panel’s recommendation and experts’ opinions. The DIT Decoration Industrial Park, which is an exemplary technological application project that features "machines as labour substitutes" in the automated production of such products as aluminum alloy doors and windows, aluminum veneers and wooden furniture, made it to the list and was granted a subsidy of RMB5 million.
The DIT Decoration Industrial Park has been closely aligned with the State’s "14th Five-year Plan" for the development of robotics and intelligent manufacturing. The park is dedicated to the development of mechanization and intelligentization. It aims to build the industrial internet of things that combines automated production lines and industrial robots by concatenating data with such digital platforms as building information modeling (BIM) technology, internet of things, cloud computing and big data. The DIT Decoration Industrial Park has also been spearheading the intelligentization of the entire value chain of the prefabricated decoration industry, thus upgrading the industry through the digitalization and intelligentization of the production process and creating China’s first "lights-out factory" in that industry.
DIT Group’s chief executive officer and executive director Guo Weiqiang said,
“We are grateful to the Department of Industry and Information Technology and the Department of Finance of Henan province for their recognition of the Group's DIT Decoration Industrial Park. The special subsidy not only affirms the park’s level of intelligentization and its technological innovation capability, but also adds impetus to the Group’s efforts to step up investment in technology and to enhance its overall strength. The subsidy encourages innovation, promotes the integration of the industry’s key factors and accelerates the upgrading of the industry. In the future, the DIT Decoration Industrial Park will grasp the opportunity to make an all-out effort to ensure the smooth running of production by applying technology, techniques and management innovation based on upgrade to equipment. This will enable us to provide both the industry and society with high-quality, integrated solutions for smart construction.”
DIT Group successfully claimed a tax rebateto drive cash flow for factory operations.
Source
http://dit.aconnect.com.hk/document/press/pressEN_220616.pdf
June 16, 2022
DIT Group Limited, an innovative high-tech company specializing businesses in the whole value chain of prefabricated construction (“PC”) in the People’s Republic of China, is pleased to announce that the Group successfully claimed a tax rebate amounted to a total of over RMB78 million in May 2022 according to relevant tax rebate policies.
Factories of the Group successfully claimed the tax rebate, including Zhoukou factory, Yuxi factory, Qijiang factory, decoration industrial park, Jiangxia factory, Hefei factory, Huaian factory, Ruyang factory, Dengfeng factory, Queshan factory and Jiaozhou factory. The Group will further press ahead with the filing of tax rebate of its factories to bring new dynamics into the cash flow.
DIT Group’s chief executive officer and executive director Guo Weiqiang said,
“The tax rebate not only brings new dynamics into the Group’s operations and contributes to the Group’s cash flow, but also lays a good foundation for tax and expense reduction. The Group will continue to get in line with national policies on carbon reduction goals to actively promote prefabricated construction technologies that reduce carbon emission from construction activities, accelerate the green transformation and upgrade in the industry and put sustainable development into practice, as well as strive to become a leading service provider of integrated solutions in smart building.”
Chinasoft International Chen Yuhong: Consolidate the foundation of OpenHarmony and enrich the ecology of thousands of industries.
Source
https://www.chinasofti.com/news/2403.htm
July 28, 2022
From July 27th to 29th, the 2022 Open Atom Global Open Source Summit was held in Beijing. The chairman and CEO of Chinasoft International Co., Ltd., Shenzhen Kaihong Digital Industry Development Co., Ltd. Chairman Chen Yuhong was invited to attend the opening ceremony of the summit. At the event, he delivered a keynote speech on "Consolidating the OpenHarmony Base and Enriching the Ecology of Thousands of Industries", which in-depth expounded the new trends and new values ??of the intelligent Internet of Things to help the digital and intelligent transformation of thousands of industries. Interpret the new strategic layout of Chinasoft International and Shenzhen Kaihong on Kaiyuan Hongmeng.
All things intelligent industry development Requires mastery of core information technology.
Since the mid-1950s, modern society has entered the information age, and human production and lifestyles have undergone revolutionary changes. Science and technology have advanced by leaps and bounds, and have continued to penetrate into people's production and life, bringing revolutionary changes. The way people acquire, use and transmit information continues to promote the continuous evolution of the information industry with chips + OS as the core. In the 1980s, the emergence of the PC ushered in the era of the Internet of Things. Operating systems headed by Windows and Linux were equipped with CPUs, GPUs, etc., which promoted the popularization of microcomputers.
After 2000, the emergence of smart phones ushered in the era of mobile Internet. IOS and Andriod systems have promoted the evolution of more diverse chip structures. Various wearable devices, smart terminals and upper-level ecosystems have realized the digital transformation of human and living consumption.
In 2018, the underlying chips integrate sensing capabilities such as communication, positioning, and biology, and various operating systems have sprung up. At the same time, emerging technologies such as AI and big data are integrated, and various smart terminals are used in various industry scenarios. Production and life have entered the era of the Internet of Everything, realizing deep digitization and intelligence. That is, the southbound connection chip, and the northbound connection of a large number of industry scenarios and applications has emerged.
It can be seen that the evolution of each generation of technology has brought about changes in the industrial ecology and new broad space, spawned more industries, and brought huge industrial and commercial value.
With the adjustment of economic structure and industrial transformation and upgrading, my country may face problems such as labor shortage and energy structure adjustment in the future, all of which rely on the era of the Internet of Everything to solve. Looking forward to the future, where does the confidence we lead come from, from the era of the Internet of Everything and the historical position of China in this era. And to lead this era and lead the development of the industry requires a core force, calling for such a core force.
In terms of policy, the state has planned and deployed in advance, and issued a series of industrial policies to guide the development of the Internet of Things and other information technology industries and the development of the digital economy to promote each other in a spiral.
In terms of industry, my country has the world's strongest smart device manufacturing capabilities, and smart device manufacturers such as smartphones, home appliances, automobiles, and wearables also occupy an absolute dominant position in the global market share. In the market, my country has the world's largest smart device market, and China's shipments of smart phones, home appliances, automobiles, and wearable devices are the world's largest.
Under the opportunity of policy-oriented support, industrial capabilities, and the coexistence of massive market demands, mastering core technologies and building the commanding heights of the technology of the times is the core force to promote the continuous deepening development of the industry. The key elements to effectively support the implementation of the dual-carbon strategy. This is the challenge entrusted by the times, and it is also the first time that Chinese enterprises have the opportunity to lead the industrial development in the era of the Internet of Everything and be the helmsman of the development of the era.
Deep plowing OpenHarmony Build a win-win ecosystem for all things, intelligent connection.
The development of the era of the Internet of Everything is inseparable from the two cornerstones of the chip and the operating system. The operating system, as the core linking the software and hardware ecology, provides a solid digital foundation for the development of thousands of industries. It is to promote the innovation of various industries and break the development boundaries. key to breaking the game. HarmonyOS was born in this era, promoting the connection and smooth operation of a large number of mobile phones, cars, and wearable devices. More than 300 million ecological users have verified the stability and maturity of the technology.
In order to further take root in the industry and promote the development of the industry, HarmonyOS has been open sourced to provide a blue ocean for a large number of manufacturers. Based on the open source OpenHarmony base, industry partners and colleagues have deeply cultivated OpenHarmony technology and combined their own industrial advantages to jointly build and continuously develop and expand the OpenHarmony ecosystem. improved efficiency.
The development of OpenHarmony is not only a breakthrough in the technical level of the operating system, but also an innovation in the industrial ecology, which requires more partners to discuss, share and build. Open source is the best path to achieve OpenHarmony's ecological success. The Open Atomic Open Source Foundation brings together leading manufacturers in the field of underlying chips, smart terminals, and software platforms, and joins hands with ISV solution service providers to jointly promote the digital and intelligent transformation of the industry and empower thousands of people. All industries, build OpenHarmony's prosperous ecology.
As the sharp knife of Chinasoft International in the field of OpenHarmony, Shenzhen Kaihong has joined the co-construction at the beginning of the OpenHarmony project. Currently, it is co-constructing in an all-round way with industry-university-research institutes, bearing fruitful results, and has successively cooperated with government agencies, open source organizations and industry partners to innovate The achievements of the industry have been transformed, enabling thousands of industries.
In terms of technical co-construction, Chinasoft International and Shenzhen Kaihong specially invited OpenCV and Southern University of Science and Technology to participate in the co-construction to increase the machine vision capabilities of OpenHarmony and realize the ultimate performance of OpenCV under the super terminal. Cooperate with Beijing Institute of Technology, China University of Mining and Technology and other well-known universities and industry partners to jointly prepare the robot TSC project.
In terms of product development, Shenzhen Kaihong took the lead in releasing KaihongOS last year, and continued to develop the industry. Combining with industry characteristics, in March this year, it released the KaihongOS release version for the financial industry, and completed smart finance with industry partners such as Chuangshi and Uboxun. business in the field.
In terms of ecological co-construction, Chinasoft International and Shenzhen Kaihong closely follow the government's policy guidelines and have formally signed a tripartite cooperation agreement with the Tianjin Municipal Government in June to build the "Northern Open Source Harmony City" in Tianjin Binhai High-tech Zone and build Tianjin Port "Jinhong" system, and released "Tianjin Intelligent Manufacturing Operating System Technical Specifications"; at the same time, together with industry partners, signed a partnership strategic cooperation agreement with Huawei's smart highway "corps" to explore highway informatization and digital construction.
Deep coupling with product + service Leading the digital and intelligent future.
With OpenHarmony as the base, KaihongOS off-chain intelligent terminal equipment, inherits the digital software ecology, aggregates the super terminal management platform, and empowers thousands of industries. As a sharp knife for Chinasoft International to explore and advance in the era of intelligent connection of all things, Shenzhen Kaihong is willing to change human production and life style with digitalization and intelligence, and create a non-inductive connection, flexible system, and system-level security. KaihongOS digital base with six core capabilities of , end-cloud collaboration, smooth system, and seamless transfer, integrates the super terminal management platform, goes deep into the industry, launches scenario-based solutions, empowers the digital transformation of industries such as infrastructure, elderly care, and mining, and builds everything Zhilian win-win ecosystem.
Chinasoft International provides a solid backing for Shenzhen Kaihong's forward path, based on Chinasoft International's industry precipitation, as well as software ecological service capabilities such as localized software and hardware customization capabilities, digital software factory operation management, first-class service and delivery, etc. , Deep Kaihong is rooted in the "root technology" of the era of the Internet of Everything, and has been concentrating on the research and development of KaihongOS and digital and intelligent technology capabilities. Chinasoft International and Shenzhen Kaihong have joined hands to deeply couple products + services, and continuously strengthen capacity building, striving to take root downward and pierce the sky upward; and strive to become the most solid digital transformation in various industries under the background of the digital and intelligent transformation of the whole industry. reliable partner. In terms of in-depth industry ecological expansion, Chinasoft International and Shenzhen Kaihong cooperate with industry ISV partners to jointly build an end-to-end integrated full-stack service system of "cloud-pipe-end", consolidate the foundation of digital intelligence in the industry, and add to the process of the era of the Internet of Everything. New kinetic energy.
Chinasoft International is fully integrating the Jiefang number with the era of the Internet of Everything, and launched the Honglian Joint Venture, which has landed in several important cities and turned into an industrial Internet platform. It has organized ISVs serving the Internet of Everything, and 8 million software in China. engineer. Our sharp knife is KaihongOS of OpenHarmony, and form a technically advanced leading team. The previous team was a team that was good at delivery quality and a team with rich industry knowledge. Now it depends on technology to lead. Fortunately, there is such an era and such a market, which allows us to be useful, and we are also full of confidence in the success of KaihongOS.
Driving OpenHarmony Development Build Hongmeng Digital City.
With the continuous development and technological evolution of the Internet of Everything industry, the country is paying more and more attention to the cornerstone role of OpenHarmony and other open source technologies in the digital and intelligent construction of cities. Government units at all levels have also issued a series of policy guidelines and support. The "Several Measures of Shenzhen Municipality on Accelerating the Cultivation of Hongmeng Euler Ecology (Draft for Comment)" was recently released.
Shenzhen Kaihong also signed a strategic agreement with the Tianjin Municipal Government in June to jointly build an open source Hongmeng City in the north. Chinasoft International and Shenzhen Kaihong will closely follow the policy orientation and fully devote themselves to the construction of the open source Hongmeng Digital City, with Shenzhen The Kaiyuan Hongmeng City is the starting point, and it will go to the Kaiyuan Hongmeng City in the north of Tianjin. In the future, I believe that more manufacturing cities will join the torrent of the era of digitalization and intelligence. Chinasoft International and Shenzhen Kaihong will follow Huawei to jointly develop and expand the OpenHarmony ecosystem on the basis of gathering and gathering partners. The base, I believe, will be built on the basis of open source Hongmeng. We will be the builder and founder of China's world-leading technology-driven smart city in the next ten years or even longer.
Rooted in the "black soil" of OpenHarmony, and to develop the "root technology" of the intelligent connection of all things, Chinasoft International and Shenzhen Kaihong will work hard to develop and continue to work hard to deeply root the core technology in China. The process of intelligentization, creating new industry standards, building a new ecological pattern, and dragging the world forward with factual standards!
Strong alliance! Chinasoft International and China Mobile Internet of Things signed the OneNET urban Internet of Things platform integrated delivery ecological project cooperation agreement.
Source
https://www.chinasofti.com/news/2398.htm
July 20, 2022
Recently, Chinasoft International and China Mobile Internet of Things Co., Ltd. officially signed the OneNET urban Internet of Things platform integrated delivery ecological project cooperation agreement. Previously, Chinasoft International successfully won the bid for the project with the first share of its solution capabilities and technology accumulation in the Internet of Things, smart cities, smart parks and other fields, providing China Mobile Internet of Things with integrated delivery services based on the OneNET urban Internet of Things platform , to realize the large-scale delivery of the OneNET urban Internet of Things platform project. This cooperation is also the first joint venture between Chinasoft International and China Mobile based on the "9 One Platform".
OneNET city IoT platform - city IoT perception base, empowering digital transformation of various industries.
The Internet of Things is an integral part of the new generation of information technology and is of great significance to promoting the development of the digital economy. In recent years, the central and local governments have attached great importance to the development of the Internet of Things, and elevated the Internet of Things to a national strategic industry. The development of urban Internet of Things platforms has also ushered in new policy opportunities. A few days ago, the Ministry of Industry and Information Technology and other eight ministries and commissions issued the "Three-Year Action Plan for the Construction of New Internet of Things Infrastructure", proposing that by the end of 2023,
- the new Internet of Things infrastructure will be initially built in major cities in China;
- the latest policy of the Ministry of Industry and Information Technology will be The IoT platform is listed as a new type of IoT infrastructure;
- various provinces and cities have successively issued IoT action plans to build urban "IoT perception" and "one network unified management" applications. important part.
In 2022, with the launch of the "Hundred Cities Plan" of the urban Internet of Things platform, the demand in various regions of the country has increased rapidly, and the Internet of Things platform industry urgently needs to form ecological cooperation in large-scale promotion and delivery. In order to ensure the achievement of the goals of the "14th Five-Year Plan" and the smooth implementation of the "Hundred Cities Plan", realize the large-scale development of the OneNET urban Internet of Things platform, reduce operating costs, and respond quickly to market demands, China Mobile Internet of Things plans to deploy open platform products in advance and introduce Ecological partners to form large-scale delivery capabilities.
In this context, China Mobile IoT attaches great importance to the OneNET urban IoT platform integrated delivery ecological project. During the implementation of the OneNET urban IoT platform, since different cities generally have a large number of customized development needs according to their own conditions, it is difficult for a standardized platform to meet all project needs. Therefore, in the process of project implementation, partners need to complete the delivery according to the full capabilities of "standard platform + customized software + after-sales service".
Chinasoft International's professional solution capabilities support the implementation of the OneNET urban IoT platform.
As a digital transformation service expert, Chinasoft International has the ability to integrate 5G, artificial intelligence, cloud computing, big data, Internet of Things and other all-round digital infrastructure. Over the years, Chinasoft International has served customers in important industries such as government, finance, communications, Internet, manufacturing and distribution, aviation, and energy. It has multi-industry solution capabilities and IoT perception capabilities, and can better meet the needs of IoT platform segments. Customized requirements.
At the same time, Chinasoft International has profound industry accumulation and technical precipitation in software delivery. It integrates and innovates software delivery capabilities to create software factory solutions. With its excellent market performance, it has become the core supplier of many well-known enterprises in the industry. Today, Chinasoft International Software Factory has developed into a digital R&D capacity factory all over the country, which can help customers complete the integrated delivery of localized projects more efficiently.
In the future, Chinasoft International will rely on complete solution capabilities and strong software delivery capabilities, join hands with China Mobile Internet of Things to continue to innovate in thousands of industries, fully assist the construction of China Mobile Internet of Things OneNET urban Internet of Things platform, and jointly explore industrial digitization and digital industries A new model of value growth.
Create infinite possibilities together, Chinasoft International will continue to enable Hongmeng Zhilian.
Source
https://www.chinasofti.com/news/2395.htm
June 30, 2022
Recently, the HarmonyOS Connect Partner Summit with the theme of "Creating Infinite Possibilities Together, New Space, and Starting Again" was successfully held in Shenzhen. The latest development of the current HarmonyOS Connect ecosystem was released at the meeting. Chinasoft International was invited to attend the summit and shared cases as an ISV independent software vendor partner.
Based on Hongmeng Zhilian ecological enabling services to help the upgrading of ecological industries.
Since the upgrade of the Hongmeng Zhilian brand in 2021, so far, more than 2,000 ecological partners have joined the Hongmeng Zhilian ecosystem. As the enabling service provider of Hongmeng Zhilian ecology, Chinasoft International has been actively building the software and hardware solution capabilities of Hongmeng Zhilian, from service partners to quickly access Hongmeng Zhilian ecology, to cooperating with customers to develop and implement innovative products, and then to enrich the upgrade. The self-developed development board kit, Chinasoft International is constantly exploring on the way to help the digital transformation and upgrading of the ecological industry, and has a fully mature enabling service capability.
At the meeting, Fan Qiang, general manager of the AIOT Ecological Business Department of Chinasoft International Intelligent Internet of Things Business Group, said: Chinasoft International will use its own R&D advantages to empower partners' products to be intelligently interconnected and quickly integrate into the intelligent "big family" of the whole house; In this new upgrade of the business model, Chinasoft International will spare no effort to help partners achieve high-quality products, provide customers with efficient and high-quality products, services and solutions through comprehensive innovation, resource sharing, and complementary advantages, and continue to create a world of Hongmeng Zhilian Internet of Everything. .
Concentrate on the field of Hongmeng Zhilian - Work with partners to prosper the ecosystem together.
Since becoming an ecological service provider of Hongmeng Zhilian in 2020, Chinasoft International has actively participated in the construction of a prosperous ecology. After several years of precipitation, the team has rich practical experience and the access efficiency has been greatly improved. Up to now, it has reached cooperation with more than 200 equipment manufacturers, accessing more than 300 categories, covering smart home, smart travel, sports and health, entertainment, audio and video, smart office and other multi-scenario intelligent products.
It has formed close cooperation with a number of leading brands in the industry to jointly prosper the ecosystem. In 2021, Chinasoft International will cooperate with Karajan, a leading luggage brand, to connect its smart schoolbags to the Hongmeng Zhilian ecosystem, and successfully launch the smart selection platform with deep technical accumulation and hard-core scientific and technological strength; and professional fitness equipment brand Wanda Kang worked together to create a "sports and health" family bucket. Through personalized solutions, it empowers intelligent experiences such as product data analysis and fitness guidance, and helps more than 10 products of the brand's full series to be connected to Hongmeng Zhilian. There are many such successful cases. Chinasoft International has been continuously deepening, breaking through and making achievements in the way of providing professional services for equipment manufacturers.
As a long-time partner of Hongmeng Zhilian Ecology, in the future, Chinasoft International will continue to improve its technical strength, firmly position itself as an enabling service provider, and give full play to its professional advantages to provide more equipment manufacturers with coverage modules, development boards, intelligent interaction, etc. The chain solution, together with more ecological partners, brings consumers a convenient, smooth, safe and reliable full-scene interactive experience.
A new starting point and a new journey Chinasoft International was selected as the first member of the "Software Supply Chain Security Laboratory" of the China Academy of Information and Communications Technology!
Source
https://www.chinasofti.com/news/2394.htm
June 29, 2022
Recently, the 2022 first 3SCON “Software Supply Chain Security Forum” hosted by the China Academy of Information and Communications Technology (“CAICT”) was held in Beijing. Director Li Wei solemnly announced the official establishment of the "Software Supply Chain Security Lab (3S-LAB)", and announced the list of the first batch of member units of the "Software Supply Chain Security Lab". Chinasoft International is honored to be listed among them. In his speech at the forum, Deputy Director Li Wei pointed out that the security development of my country's software supply chain is faced with problems such as the need to improve the institutional system, difficult to solve the existing problems, and the need to improve the efficiency of security governance. In the context of the digital age, software is everywhere, and software supply chain security management is the core content of digital management of enterprise information systems. Therefore, software supply chain security is not only the responsibility and obligation of an enterprise, but also the key to the survival and development of an enterprise.
In recent years, in the security management of software supply chain, delivery security has always been an important content and a key link of enterprise information management. At present, Chinasoft International Huawei Business Group has successfully established a high-quality security testing and security delivery team based on the credible assessment model and credible construction, aiming at business security submission, and has gradually built a complete set of At the same time, the team has completed the horizontal support for the safe inspection of multiple products of Huawei's business group, and ensured that the products passed the ICSL inspection with high quality. The team takes the security of Huawei's products as its own responsibility, insists on safeguarding the code-level security of Huawei's software supply chain, and continues to escort the security and credibility of Huawei's ecological products.
The "Zeus Security Lab" established by Chinasoft International in September 2021 focuses on software code-level security and product security compliance. Based on security protection work, taking the industry's ecological pain points as the entry point, it enters the security segment and conducts domestic Various types of security threat research and security attack and defense drills and experiments are being carried out in the field of technology productization and field industrialization, and continue to provide tailor-made security protection solutions for new industry scenarios, new technologies and new models, and comprehensively build the industry. Digital protection security matrix, and jointly promote the establishment of a new ecology of software supply chain security.
As a key force and leader in the field of trusted security and open source ecology in China, the establishment of the "Software Supply Chain Security Lab" has far-reaching significance in the development of this field. With the development concept of "leading the industry direction, unifying communication channels, forming industry synergy, and promoting business development", the laboratory aims to unite government, industry, academia, research, and use multiple forces to build industry consensus and actively promote software supply chain security. , continuously improve the standard system, promote the rapid development of key technologies, and gradually establish a software supply chain security ecosystem to help industrial upgrading. As one of the first member units of the "Software Supply Chain Security Lab", Chinasoft International will cooperate closely with ICT in building a security tool standard system, organizing software supply chain security governance, operating credible R&D security capabilities, and promoting new ecosystems. In construction, take on more and greater responsibilities.
Based on the experience of Chinasoft International Huawei Business Group's security delivery practice, security design, security development, security testing, and security assessment for product development, system architecture, network isolation, middleware reinforcement, selection of third-party software, including logical architecture, authentication, access Chinasoft International will join hands with the "Software Supply Chain Security Laboratory" of the Academy of Information and Communications Technology to conduct more in-depth research and exploration on the evaluation methods of authorization management, transmission security, security audit, endogenous security, etc., and improve the security of the enterprise's software supply chain through practice. Management capabilities to reduce software supply chain security risks.
Today, ensuring the security of software supply chain has become a global consensus, and both domestic and international standards organizations are actively promoting the construction of software supply chain security. Guo Xue, deputy director of the Open Source and Software Security Department of the China Academy of Information and Communications Technology, said in the forum that the current software supply chain security governance is in the exploratory stage, and the enterprise software supply chain security management capability has not yet been fully established. In the future, the China Academy of Information and Communications Technology will work with the member units of the "Software Supply Chain Security Laboratory" to continue to promote research on software supply chain security technologies and frameworks, improve the standard system and series of assessments, and encourage and guide important industries to accelerate the implementation of software supply chain security work. ; Further improve the safety management system of upstream and downstream enterprises in the supply chain, and establish a secure and credible ecosystem for the software supply chain.
Chinasoft International will also start from the selection and join hands with the China Academy of Information and Communications Technology to provide more customers with comprehensive technical support, and actively participate in the ecological construction of the national software supply chain security. Domestic leading software supply chain security services, escorting national information and software securit!
Chinasoft International Chen Yuhong: Deeply cultivating the "black land" of open source Hongmeng, reconstructing the "big pattern" of intelligent IoT.
Source
https://www.chinasofti.com/news/2393.htm
June 28, 2022
From June 24th to 25th, the 6th World Intelligence Conference was held in the cloud. The opening ceremony ushered in two summits with the highest gold content. Chinasoft International Co., Ltd. Chairman and CEO, Shenzhen Open Chen Yuhong, Chairman of Hong Digital Industry Development Co., Ltd., was invited to attend the Smart Talk Future Cloud Summit and delivered a keynote speech on "Deep Cultivation of Open Source Harmony's Black Land, Reconstructing the "Big Pattern" of Intelligent IoT , elaborated in depth the new trends and new values ??of the intelligent Internet of Things to help the development of the digital economy, and interpreted the new strategic layout of Chinasoft International.
Vibrating the core and casting the soul, the intelligent Internet of Things is the best field.
Digital transformation is unfolding on a global scale. On the one hand, the digital transformation of Chinese government and enterprises has entered a deep-water zone. The integration of new generation information technology with various vertical fields has deepened, and new requirements have been put forward for digital industrialization. my country's digital industry is moving towards a high-end value chain. critical stage of progress.
It is imperative to strengthen core technology innovation, and the intelligent Internet of Things is a breakthrough to break this situation. On the one hand, China has the terminal advantages and scale advantages to develop the Internet of Things; on the other hand, the Internet of Things is an infrastructure that realizes the ubiquitous connection of people, machines and things, and it is the connection point that connects the Internet of Things world and the digital world. The twin system realizes unmanned, high-quality, high-efficiency, and promotes the development of China's industry.
How to develop an innovative intelligent Internet of things, taking the soul as the starting point to revitalize the core industry is the best path. The intelligent IoT industry is still facing the bottleneck of fragmented development. Among them, the core area, the R&D and innovation of operating systems, will create the best connectors and cohesive devices that penetrate many scenarios and reach both sides of supply and demand. Chen Yuhong proposed to build a comprehensive and innovative IoT operating system based on open source Hongmeng, drive the access of chips, sensors, modules, and smart terminals to the south and increase market share, and use the advantages of the open source Hongmeng system to enrich scenarios such as smart cities and industrial applications in the north. And form application standards to drive a group of software development companies and technical service companies with fans of technological innovation to enter the fast lane of development.
After ten years of accumulation, Chinasoft International has accelerated the deployment of AIoT.
Relying on the profound background of 20 years of expertise in the software industry, Chinasoft International has laid out the intelligent IoT industry through three stages with the original intention of the craftsmen who have gone deep into the development of the intelligent IoT operating system.
- The first stage is to fully participate in the research and development of early open source Hongmeng since 2012;
- the second stage is to form a business ecological team based on open source Hongmeng from August 2019; in September 2020, to create a Honglian joint venture Brand; In January 2021, Chinasoft International became a platinum donor of the Open Atom Open Source Foundation OpenAtom OpenHarmony (hereinafter referred to as "OpenHarmony") Category A donor, and actively participated in the co-construction of the open source ecosystem; in July 2021, Chinasoft International signed a Hongmeng agreement with Huawei Ecological cooperation agreement;
- the third stage is August 2021, the establishment of Shenzhen Kaihong, and focus on the development of KaihongOS, the construction of digital base in the field of intelligent Internet of things, in September of the same year, the establishment of intelligent Internet of things business group, focusing on AIoT application development and system integrated.
Chinasoft International provides full-stack service support for government and enterprise customers through ToGToB around the comprehensive innovation of intelligent IoT. On the demand side, based on the knowledge map and digital-intelligent operation of the AIoT platform, the ability to sort out and release the needs of industry scenarios is built, and the platform-based service capabilities of supply and demand handshakes are provided around application scenarios. On the supply side, based on the KaihongOS of the P layer, it provides industry OS customization and digital intelligence service capabilities. The southbound I layer builds OS software access service capabilities, and the northbound S layer builds full-scenario solutions and service capabilities.
Determined to set up an intelligent Internet of things army.
Based on this, Chinasoft International established the Intelligent IoT Corps, aiming to become a full-stack leader in the enabling industry. Positioning itself as a leader in software intelligence, an innovator in product intelligence, and a co-builder of industry intelligence, starting from the needs and pain points of all parties in the intelligent IoT industry, it sorts out an end-to-end solution built with tool intelligence and professional talents. Software delivery, building high-value products and solutions with data intelligence and underlying technology, and combining resource elements with platforms and ecology to achieve project co-creation.
Positioned as a leader in software intelligence, with about 8 million software talents in China and students, there is still a lack of talents who can focus on the direction of AIoT. Chinasoft International's AIoT-oriented software factory has 15,000 employees, which can achieve full-stack talent coverage, and the software factory can provide from the input of orders to the output of products, and realize the integrated delivery of "people and goods yard" + management. The entire process is developed in alignment with the management process of trusted software development to ensure delivery quality.
Positioned as an innovator of intelligent products, it builds the foundation of IoT root technology with KaihongOS of Shenzhen Kaihong, and provides the integrated output of operating system + product + solution for all parties in the intelligent IoT industry. At the same time, always adhering to the concept of "from open source, to open source", on the one hand, based on the open source Hongmeng ecology, constantly absorbing the underlying technology source power, on the other hand, it uses KaihongOS to empower thousands of industries and industries. Innovation and contribution feed back the open source ecosystem.
Positioned as an intelligent co-builder of the industry, it builds and continuously iterates the AIoT platform of ToGToB, and explores a new model for comprehensively innovating the intelligent IoT ecosystem. Its core is to give full play to the advantages of core enterprises and core industrial clusters, and achieve economies of scope and scale through industrial resource attraction, specialized division of labor and collaboration, etc., thereby promoting industrial innovation and development, enhancing regional brand effects, and creating regional competitive advantages. On the one hand, the platform focuses on building eight subsystems to promote the interconnection and data sharing of the entire value chain, all elements, and full life cycle of the industry, achieve efficient collaboration and precise resource allocation, and provide low-threshold, high-efficiency services to supply-side users. The end-to-end management plan for the project process improves the quality of project delivery; on the other hand, it fully integrates online platforms + offline teams to help regional governments clarify the elements of regional industrial resources, pinpoint the focus, grasp key points, and use online Under the double contact, realize the guidance, support and service of the regional intelligent Internet of things industry.
As a leading enterprise in software services in China and a partner of Huawei Cloud in the same boat, Chinasoft International must shoulder this value and responsibility, and accelerate the deployment of the AIoT field. What it pursues is not only a bigger share, but also a bigger cake. Make things that you have no ability to do before, things that no one has worked hard to do before, as your goal, really do it! Do things that no one has done and can't do before.
Chinasoft International is willing to join hands with local governments and local leading enterprises to jointly deepen the "black land" of open source Hongmeng, to revitalize the core and to develop the industry by casting souls, and to reconstruct the "big pattern" of intelligent IoT.
Chinasoft International and Shandong City Commercial Bank Cooperation Alliance signed a strategic cooperation agreement to lead the digital upgrade of small and medium-sized banks.
Source
https://www.chinasofti.com/news/2391.htm
June 27, 2022
On June 22, Chinasoft International Co., Ltd. and Shandong City Commercial Bank Cooperative Alliance Co., Ltd. signed a strategic cooperation agreement. The two parties will carry out multi-dimensional and multi-level in-depth cooperation based on their respective technology accumulation and resource advantages in the field of financial IT services, and jointly develop financial technology market opportunities through a long-term and constructive strategic partnership, focusing on serving small and medium-sized banks and Regional financial institution customers.
Tian Tong, Vice President of Chinasoft International and President of Financial Business Group, Zhang Zhaojun, President of Transportation Business Line, Zhu Feng, Chairman of Shandong City Commercial Bank Cooperative Alliance, Zong Zhaoli and Zhao Zhiyong, Deputy General Managers attended the signing ceremony.
According to the agreement, the two parties will strengthen collaboration through technical exchanges, seminars, joint R&D and innovation in market areas of common concern, such as cloud services, data intelligence, full-stack financial products and solutions, and Xinchuang, focusing on the digitalization of small and medium-sized commercial banks. Provide end-to-end digital services based on business pain points and common needs in the development process. At the same time, it will also rely on the platform of the commercial bank alliance to serve small and medium-sized banks to increase support for the real economy, and promote the rapid development of Chinasoft International in key industries such as regional transportation.
Shandong City Commercial Bank Cooperative Alliance was established in 2008 with the approval of the former China Banking Regulatory Commission and is directly supervised by the Shandong Banking and Insurance Regulatory Bureau. It is currently the only non-banking financial institution in the country that provides middle and back-end technology services for small and medium commercial banks. Its services include core A full range of information technology solutions such as business systems, Internet financial systems, outreach business platforms, big data services and operations, and risk control support. At present, the institution has 67 member banks, and online operating bank assets exceed 3 trillion yuan. It is a key big data enterprise in Shandong Province and a high-end brand cultivation enterprise in Shandong Province.