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FINANCIAL TABLES - Please look at the source
https://finance.yahoo.com/news/capstone-companies-reports-2020-end-130000100.html
Capstone Companies Reports 2020 Year-End Performance.
Thu, April 1, 2021, 3:00 PM
Capstone Companies, Inc. (OTC: CAPC) ("Capstone" or the "Company"), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology reported its financial results for the full year 2020.
Gerry McClinton, Capstone’s Chief Financial Officer, commented, "we experienced an unprecedented decline in our revenues and earnings resulting from the impact of the COVID-19 pandemic. During this time however, the Company finalized the development of its Connected Surfaces program."
Stewart Wallach, Capstone’s Chairman and Chief Executive Officer, commented, "As we put 2020 behind us, we turn our attention to the positive achievements our Company made while supply chains were shutdown and working conditions were compromised across the globe."
Wallach added, "we will be discussing the introduction of our Smart Mirror program which is the most innovative and promising product category in our history. Frankly, it’s astonishing that we were able to finalize this program while battling the effects of COVID-19."
Webcast and Teleconference to Review Results and Outlook
Thursday, April 1, 2021
10:30 a.m. Eastern Time
Phone: (201) 689-8562
Internet webcast link available at:
https://capstonecompaniesinc.com/
A telephonic replay will be available from 1:30 p.m. ET the day of the call until Thursday, April 8, 2021. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13716774. Alternatively, the archive of the webcast will be available on the Company’s website at
https://capstonecompaniesinc.com/
along with a transcript once available.
Company’s SEC filings can be accessed through SEC website:
https://sec.report/Ticker/capc
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that engages, through its wholly owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing and marketing of consumer products to retail channels throughout North America and certain international markets.
Contacts
Aimee C. Brown
Corporate Secretary
(954) 252-3440, ext. 313
Please look at my #Post 356. In reply to your part: the user manual is 8 pages
Follow my instructions to see all FCC information as a PDF - Document.
There you can find the full Test Report, which is 45 pages long!!!!
WIMI HoloAR HUD . FCC ID: 2AXW3-MX
source
https://fccid.io/2AXW3-MX
An FCC ID is the product ID assigned by the FCC to identify wireless products in the market. The FCC chooses 3 or 5 character "Grantee" codes to identify the business that created the product. For example, the grantee code for FCC ID: 2AXW3-MX is 2AXW3. The remaining characters of the FCC ID, -MX, are often associated with the product model, but they can be random. These letters are chosen by the applicant. In addition to the application, the FCC also publishes internal images, external images, user manuals, and test results for wireless devices. They can be under the "exhibits" tab below.
Alternate Sources: FCC.gov
https://apps.fcc.gov/oetcf/eas/reports/GenericSearchResult.cfm?RequestTimeout=500&calledFromFrame=Y
Go to Display Exhibits and click on the link of Detail, then you get the
OET Exhibits List.
https://apps.fcc.gov/oetcf/eas/reports/ViewExhibitReport.cfm?mode=Exhibits&RequestTimeout=500&calledFromFrame=Y&application_id=qqKnCAAV2dbp1tqyvHxK9A%3D%3D&fcc_id=2AXW3-MX
to see all information as a PDF - Document.
There you can find the full Test Report, which is 45 pages long!!!!
Please look at the Corporate History and Structure in the last part of my Introbox of WIMI, thanks
In reply to your part: and has another companies name on it in the warranty card section.
Principal Subsidiaries and Variable Interest Entity (VIE) of WIMI Hologram Cloud.
Entity Jurisdiction Ownership
Beijing WiMi Hologram Cloud Software Co., Ltd. (Beijing WiMi) PRC VIE
Net Revenues / in the back half of 2021, the Company will resume its direct import model.
source
https://www.marketscreener.com/quote/stock/CAPSTONE-COMPANIES-INC-30479666/news/CAPSTONE-nbsp-Management-s-Discussion-and-Analysis-of-Financial-Condition-and-Results-of-Operation-32854578/
Revenue is derived from sales of our residential lighting products. These products are directed towards consumer home LED lighting for both indoor and outdoor applications. Revenue is subject to both quarterly and annual fluctuations and is impacted by the timing of individually large orders as well as delays or sometimes advancements to the timing of shipments or deliveries. We recognize revenue upon shipment of the order to the customer when all performance obligations have been completed and title has transferred to the customer and in accordance with the respective sale's contractual arrangements. Each contract on acceptance will have a fixed unit price. Most of our sales are to the U.S. market which in 2020 represented 75% of revenues and we expect that region to continue to be the major source of revenue for the Company. We also derived 25% of our revenue from overseas sales. Net revenue also includes the cost of instant rebate coupons, and product support allowances provided to retailers to promote certain products. All of our revenue is denominated in U.S. dollars.
The Company oversees and controls the manufacturing of its products, which are currently made in China and Thailand by OEM contract manufacturers, through three wholly owned operating subsidiaries: CAPI, CIHK and CLTL. To support the current e-commerce model that will drive our business in 2021, we will be putting inventories into warehouse facilities stateside for direct-to-consumer fulfillment. When introducing the Connected Surfaces program to Big Box retailers in the back half of 2021, the Company will resume its direct import model. At that time, the Company's products will be built to order for specific promotional periods and does not require replenishment domestically.
The company's financial initiatives are driven by its entry to new distribution channels and calls for an increased emphasis on an e-commerce business model. Online platforms have advanced with consumers across all product lines. The Connected Surfaces category should find its way to retail shelves after it has been established through its direct-to-consumer effort. The Company's marketing strategy will shift its historic reliance on Big Box while delivering more profitable business.
Operational cashflow is significantly influenced by the timing and launch of new products as well as favorable payment terms negotiated with overseas suppliers. With our Hong Kong and Thailand operational presence, we have built an operational structure that, through relationships with factory-suppliers both in Thailand and China combined with our expertise, that under normal operating circumstances, can develop and release quality, innovative products to the marketplace substantially quicker than in previous years.
@ greasemonkeyshoes, Uranium, traderbbc1, flptrnkng, rvd and all the others
For a professional analysis of the figures, please make a statement.
For a professional analysis of the charts, please make a statement.
Thanks to all
The decisive points for the successful future of CAPC.
Many of my demands from #Post78009
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161579848
have been implemented.
CAPC generated 25% of its turnover with international sales.
The dependency on retailers in the US was definitely too great with over 92% of total sales. Now we have internatinal sales of 25 %.
- The mirrors are made in Asia.
CAPC can send the mirrors directly from the factory to its customers in Asia. This FINALLY boosts international sales outside of the US to a reasonable level. In addition, the sales channels in Asia for delivery ex works are significantly shorter and more cost-effective.
- The increase in international sales to a rate of 25% is more than remarkable and trend-setting.
The outstanding thing for me personally is:
This high rate was achieved in a region in which the pandemic is being fought with significantly tougher, sharper and longer lockdown measures.
Other good points:
- The direct sales without intermediaries increase the profit margin.
- CAPC used the increased level of awareness to finally start selling its product range online.
- Asia created a very large free trade area with no tariffs last year.
WiMi Announces that its Holographic AR Product "WiMi HoloAR HUD" Has Been Approved by the FCC to Enter the U.S. Market.
source
https://finance.yahoo.com/news/wimi-announces-holographic-ar-product-090000906.html
Thu, April 1, 2021, 11:00 AM
WiMi Hologram Cloud Inc. (Nasdaq: WIMI), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that its electric vehicle ("EV") holographic AR product "WiMi HoloAR HUD" has obtained a Federal Communications Commission ("FCC") certification to enter the U.S. market. The certification documents state that the exterior designs, data transmission protocols, and radiation patterns of "WiMi HoloAR HUD" have been tested and certified by the FCC.
In November 2020, the holographic head-mounted display product ("head-mounted display") "WiMi Hologram Soft Light" has been approved by the FCC to enter the U.S. market, and the holographic AR product "WiMi HoloAR HUD" is the second product that has been approved by the FCC to enter the U.S. market.
The U.S. FCC issues its FCC certifications for electronic products. Foreign products, including radio application products, communications products, and digital products, are required to obtain the FCC's approval prior to entering the U.S. market.
With the rapid development of the EV and autonomous driving industries, the demands from both consumers and automakers for holographic AR technology applications have increased significantly. To better satisfy this market demand, the Company launched the "WiMi HoloAR HUD." The "WiMi HoloAR HUD" has several features, including optical processing, image processing, voice interaction, night vision imaging, AR, ADAS, and cloud services. The "WiMi HoloAR HUD" can use these functions to read a vehicle's onboard diagnostics data, run apps in the background, such as WeChat and Gaode Map (or Mapbox in overseas markets), display tire pressure, as well as enable Bluetooth connection, voice control, big data analysis, and more. In addition to creating a safer driving environment, these capabilities will also generate more opportunities for WiMi to provide additional value-added automotive services to vehicle owners.
With the technological advancement of modern automotive cockpit electronics and the growing number of connected and self-driving cars, the market space for onboard HUD products is immense and expected to continue growing in the future. In addition, the market demand for automotive holographic AR navigation, holographic AR windshields, holographic AR rear-view mirrors, onboard holographic AR communications, and other holographic AR features is increasing rapidly. To fulfill the surging demand for holographic EV applications, the Company plans to develop multiple solutions, covering holographic vehicle devices, holographic vehicle chips, and holographic vehicle software. Going forward, the Company will remain committed to integrating holographic hardware and software solutions to develop more holographic AR application products for the EV industry.
About WIMI Hologram Cloud Inc.
WiMi Hologram Cloud, Inc.(NASDAQ: WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.
For more information, please visit
http://www.wimiar.com/en/
Contacts
WIMI Hologram Cloud Inc.
Email: pr@wimiar.com
ICR, LLC
Jack Wang
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com
CAPSTONE : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
source
https://www.marketscreener.com/quote/stock/CAPE-COMP-30479666/news/CAPSTONE-nbsp-Management-s-Discussion-and-Analysis-of-Financial-Condition-and-Results-of-Operation-32854578/
03/31/2021 | 03:34pm EDT
Excerpts from the report:
COVID-19 has caused substantial disruption to travel, business activities, and
global supply chains, significant volatility in global financial markets, and
has resulted in a dramatic increase in unemployment, particularly in the U.S.
The extent to which COVID-19 will continue to impact the company's results will
depend primarily on future developments, including the severity and duration of
the crisis, the speed and effectiveness of the national vaccine inoculation
programs, potential mutations of COVID-19, and the impact of actions taken and
that will be taken to contain COVID-19 or treat its impact. These future
developments are highly uncertain and cannot be predicted with confidence.
------------
Total net revenue for the year ended December 31, 2020 decreased 77.7% to
approximately $2.8 million as compared to $12.4 million in the same period of
last year. The net loss was approximately $2.4 million for the year 2020
compared to a net loss of $892 thousand in 2019. The Company had an estimated
net tax benefit in 2020 of $612 thousand due to the tax benefit from the CARES
Act which was enacted into law on March 27, 2020. The CARES Act eliminated the
taxable income limit for certain net operating losses ("NOLs") and allow
businesses to carry back NOLs arising in 2018, 2019, and 2020 to the five prior
tax years. The Company was able to carryback the NOL to 2017 tax years and
generate an estimated refund of previously paid income taxes at an approximate
34% federal tax rate.
---------------
Our expectation is that the new Connected Surfaces portfolio advancing in 2021
appeals to a much larger audience than our traditional LED lighting product
line. The new portfolio is designed to tap into consumer's ever-expanding
connected lifestyles prevalent today. The products have both touch screen and
voice interfacing, internet access and an operating system capable of running
downloadable applications. The average selling prices will be comparable to that
of tablets and smartphones, expected retails to start at $699.00 per unit, with
the goal to deliver consumer value to mainstream America. Whereas, during the
day your smartphone/tablet keeps you connected, whether it is work or personal,
now when entering your home, Capstone's new Connected Surfaces products will
enable users the same level of connectivity in a more relaxed manner that does
not require being tethered to these devices.
The company's financial initiatives are driven by its entry to new distribution
channels and calls for an increased emphasis on an e-commerce business model.
As a result of the pandemic, retail foot traffic has been diminished
substantially and e-commerce platforms have advanced with consumers across all
product lines. The Connected Surfaces category should find its way to retail
shelves after it has been established through its direct-to-consumer effort.
The Company's marketing strategy will shift its historic reliance on Big Box
while delivering more profitable business. The gross margins generated by the
e-commerce model will be substantially greater than in the past and should
provide strong cash flows. The Company will require additional funding to build
its marketing effort, inventory levels and service levels once the initial
marketing phase validates the Company's strategic initiatives. The future
growth will be directly impacted by the level of exposure, messaging and
distribution capabilities. For the short term, Corporate Insiders and Directors
have pledged to continue supporting the Company's needs.
----------------------
Since early 2020, the Company has been building its infrastructure to transition
into the online retail business which nationally has experienced substantial
increases during the pandemic. The Company saw a change in consumer buying
trend long before the pandemic impact and has been investing in developing a
social media presence over the last year and is now ready to officially launch
shipping product by its online Smart Mirror business in April 2021.
----------------
The Company oversees and controls the manufacturing of its products, which are
currently made in China and Thailand by OEM contract manufacturers, through
three wholly owned operating subsidiaries: CAPI, CIHK and CLTL. To support the
current e-commerce model that will drive our business in 2021, we will be
putting inventories into warehouse facilities stateside for direct-to-consumer
fulfillment. When introducing the Connected Surfaces program to Big Box
retailers in the back half of 2021, the Company will resume its direct import
model. At that time, the Company's products will be built to order for specific
promotional periods and does not require replenishment domestically.
--------------
Net Revenues
Revenue is derived from sales of our residential lighting products. These
products are directed towards consumer home LED lighting for both indoor and
outdoor applications. Revenue is subject to both quarterly and annual
fluctuations and is impacted by the timing of individually large orders as well
as delays or sometimes advancements to the timing of shipments or deliveries. We
recognize revenue upon shipment of the order to the customer when all
performance obligations have been completed and title has transferred to the
customer and in accordance with the respective sale's contractual arrangements.
Each contract on acceptance will have a fixed unit price. Most of our sales are
to the U.S. market which in 2020 represented 75% of revenues and we expect that
region to continue to be the major source of revenue for the Company. We also
derived 25% of our revenue from overseas sales. Net revenue also includes the
cost of instant rebate coupons, and product support allowances provided to
retailers to promote certain products. All of our revenue is denominated in U.S.
dollars.
-----------------
Gross Profit and Cost of Sales
Gross profit for the year ended December 31, 2020, was approximately $504
thousand, or 18.2 % of net revenues, as compared to $2.4 million or 19.6% of net
revenues, for fiscal 2019. For the years ended December 31, 2020 and 2019, cost
of sales were approximately $2.3 million and $10.0 million, respectively, a
decrease of $7.7 million or 77% from the previous year. This reduction was the
direct result of the reduced revenue in the year. Costs represented 81.8% and
80.4% of net revenues for 2020 and 2019, respectively. Overall product costs
overseas remained stable during the year.
------------------
Operating Expenses
Sales and Marketing Expenses
In fiscal 2020 and 2019, sales and marketing expenses were approximately $300
thousand and $379 thousand respectively, a decrease of $79 thousand or 20.8%. As
a percent to revenue 2020 expenses were 10.9% as compared to 3.1% in 2019.
Social Media expense in 2020 was $30.3 thousand, an increase of $13.8 thousand
or 83.6% from $16.5 thousand in 2019, as we further developed our Social Media
marketing presence in preparation for the launch of the Smart Mirror program.
Advertising and promotional expenses were $34.7 thousand in 2020 as compared to
$85.6 thousand in 2019, a reduction of $50.9 thousand or 59.5% due to the
reduced retail promotional activities during 2020.
-----------------------
Operating Loss
For the year ended December 31, 2020 the operating loss was approximately $3.1 million as compared to $933 thousand loss in 2019, a loss increase of $2.2 million over 2019.
--------------
Net Loss
For fiscal 2020 and 2019 net loss was approximately $2.4 million and $892 thousand, a net loss increase of approximately $1.5 million over the previous year.
----------------
Our expectation is that the new portfolio advancing in 2021 appeals to a much
larger audience than our traditional LED lighting product line. Management
believes that the execution of the Company's strategy and development of the
Connected Surfaces category will provide attractive opportunities for profitable
growth over the long-term
The company's financial initiatives are driven by its entry to new distribution
channels and calls for an increased emphasis on an e-commerce business model.
Online platforms have advanced with consumers across all product lines. The
Connected Surfaces category should find its way to retail shelves after it has
been established through its direct-to-consumer effort. The Company's marketing
strategy will shift its historic reliance on Big Box while delivering more
profitable business. The gross margins generated by the e-commerce model will
be substantially greater than in the past and should provide strong cash flows.
The Company will require additional funding to build its marketing effort,
inventory levels and service levels once the initial marketing phase validates
the Company's strategic initiatives. The future growth will be directly
impacted by the level of exposure, messaging and distribution capabilities.
---------------------------
With the impact of COVID-19 Management was even more focused on the following priorities:
• to protect the safety and wellbeing of the Capstone team.
• to expedite the transition of the Company's marketing presence from brick and
mortar retail to online retail.
• to expand the Company's social media platforms and online visibility.
• to revamp the Company's website to support online business.
• to build the logistics and fulfilment structure to support online orders.
• to transfer Smart Mirror production capability to Thailand from China.
• to design, enhance and build the Smart Mirror product portfolio.
During 2020 we have been able to complete the above priorities and are now preparing for the launch of the Smart Mirror program in 2021.
------------
Operational cashflow is significantly influenced by the timing and launch of new
products as well as favorable payment terms negotiated with overseas suppliers.
With our Hong Kong and Thailand operational presence, we have built an
operational structure that, through relationships with factory-suppliers both in
Thailand and China combined with our expertise, that under normal operating
circumstances, can develop and release quality, innovative products to the
marketplace substantially quicker than in previous years.
---------------------
Our ability to generate cash from operations has been one of our fundamental strengths and has provided us with flexibility in meeting our operating, financing and investing needs in the past.
During the year ended December 31, 2020, the Company used cash in operations of
approximately $1.9 million and generated net operating losses of $2.4 million.
As of December 31, 2020, the Company has working capital of approximately $1.4
million and an accumulated deficit of $4.5 million. The Company's cash balance
dropped by approximately $1.9 million from $3.1 million as of December 31, 2019
to $1.2 million as of December 31, 2020. With the reduced revenues in 2020 and
to conserve cash, the Company initiated an expense mitigation plan that reduced
discretionary spending including travel, lodging and trade show expenses,
deferred executive management compensation, and significantly reduced the cost
of the Hong Kong operation.
The Company has a recent history of losses and negative cash from operations.
The uncertainty and the continuing negative impact that this COVID-19 disruption
could negatively impact the demand for our products or delay future planned
promotional opportunities. However, with a successful launch of the Smart Mirror
portfolio using the online retail platform, the Company will also require an
inventory credit facility to support increased U.S. domestic inventory to
facilitate revenue growth in the online business.
------------------
Exchange Rates
We sell all of our products in U.S. dollars and pay for all of our manufacturing
costs in U.S. dollars. Our factories are located in mainland China and
Thailand. During 2020 the average exchange rate between the U.S. Dollar and
Chinese Yuan have been relatively stable approximately RMB 6.90 to U.S.$1.00.
The average exchange rate between the U.S. Dollar and Thai Baht has been relatively stable at approximately Baht 31.25 to U.S.$1.00
-------------------
Lighting Products-International U.S. $ 703,839 25 % of Revenue.
Lighting Products- U.S. $ 2,066,519 75 % of Revenue
Total Revenue $ 2,770,358
The Company may be able to raise the required additional capital through debt or equity financing. However, the Company can make no assurances that it will be able to raise the required capital, on acceptable terms or at all. Unless the Company succeeds in raising additional capital or successfully increases cash generated from operations, management believes there is substantial doubt about the Company’s ability to continue as a going concern and meet its obligations over the next twelve months from the filing date of this report. However, there are compensating factors and actions that are being and have been taken to address these uncertainties, including the following:
• The Company has no outstanding debt or other outstanding obligations, outside of normal trade obligations.
• The Company has working capital of approximately $1.4 million consisting mostly of cash of $1.2 million.
• The Company had an estimated income tax refundable as of December 31,2020 of approximately $861 thousand of which approximately $576 thousand and $10.3 thousand of interest was received on February 3, 2021, (see Note 8).
• On July 31, 2020 with the termination of the Sterling National Bank factoring agreement, the Company has been in discussions with alternate funding sources that offers varying programs that are more in line with the Company’s future business model, particularly a facility that provides funding options that are more suitable for the e-commerce business that the Company is transitioning into.
• The Company has entered a $750,000 working capital loan agreement effective January 4, 2021 for up to a one year term, (see Note 8).
• The Company’s plan is to sell direct to consumers. The funding and cashflow requirements for this business model will require e-commerce funding. The Company has been in discussions with a funding source that provides this option.
• The Company has in place a mitigation plan that reduces discretionary expenses, executive managements compensation, and significantly reduces the cost of the Hong Kong operation and also reduces future travel, lodging and show expenses.
• Since September 1, 2020 through December 31, 2020 in order to conserve operating cashflow, the Company’s executive management has deferred 50% of their compensation until later in 2021. The compensation deferral has been further extended until March 31, 2021
CAPSTONE COMPANIES, INC. Form: 10-K as XBRL, PDF and HTML
source
https://investors.capstonecompaniesinc.com/CAPC/sec_filings
2021-03-31
XBRL
http://irdirect.net/filings/viewer/index/814926/000093980221000025/xbrl/
PDF
http://filings.irdirect.net/data/814926/000093980221000025/form10k033121.pdf
HTML
http://irdirect.net/filings/viewer/index/814926/000093980221000025/
Artificial Solutions to Highlight the Future of Conversational AI & SaaS-Business Models at Redeye Seminar.
source
https://www.artificial-solutions.com/blog/artificial-solutions-saas-business-models-redeye-seminar
March 31, 2021
Artificial Solutions® (SSME:ASAI) the leading specialist in enterprise-strength?Conversational AI,
https://www.artificial-solutions.com/conversational-ai
announced today that the company CEO, Per Ottosson will be discussing the importance and market opportunities of transitioning to a SaaS-business model at the upcoming Software as a Service webinar
https://www.redeye.se/events/803046/theme-software-as-a-service-saas-apr-14th
hosted by Redeye on April 14th, 2021.
With twenty speakers participating in the webinar, the event will provide institutional investors with insights to learn more about ongoing secular growth trends, including the shift from on-premise enterprise infrastructure to the Cloud, consumerization of IT, and the rise of the subscription economy and investor cravings for recurring revenue.
During his presentation, Per will examine how Artificial Solutions has leveraged the shift to a SaaS-business model and the new strategies the company has taken to stay ahead of the market.
“The Conversational AI market is growing vertiginously, and businesses must build and expand their strategies in such a high-growth area of the market” said Per Ottosson, CEO at Artificial Solutions. “Part of these new changes come from focusing on the delivery and management of scalable, flexible and affordable subscription-based software in the cloud, rather than on-premise software.”
The webinar will also be an opportunity to learn more about LUIS^Teneo,
https://www.artificial-solutions.com/ms-luis-teneo
the recently launched SaaS-based development suite and bot engine integrating the Conversational IDE and Runtime of Teneo with Microsoft LUIS that allows developers to build, scale and maintain LUIS-based bots with fewer resources, improving conversational bot ROI.
Artificial Solutions’ award-winning development platform Teneo® allows developers and business users to collaborate and build humanlike conversational AI applications.
Running over any channel, device or service, Teneo is the most extensive Conversational AI language platform in the market, delivering CAI solutions in 84 languages
https://www.artificial-solutions.com/blog/artificial-solutions-expands-conversational-ai-platform-84-languages
and providing built-in language support that covers close to 40% of the world’s population.
China's small AR giant sets up an investment company to settle in TEDA! Will invest in more than 100 holographic industry chain companies.
source
https://finance.sina.com.cn/stock/relnews/us/2021-03-30/doc-ikknscsk4812102.shtml
March 30, 2021 16:23 Northern Network
Recently, China's leading holographic augmented reality (AR) platform WiMi Hologram established an investment company in Tianjin Economic Development Zone-Tianjin Zhongzheng Daohe Investment Co., Ltd., with a registered capital of 30 million US dollars. In the next 1-2 years, more than 100 holographic industry chain companies will be invested to create a business ecosystem based on the application of holographic technology in China.
Established in 2015, WiMi Hologram is China’s leading holographic cloud integrated technology solution provider, focusing on holographic cloud services. The main products are concentrated in vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, Holographic cloud software, holographic car navigation and other professional fields, and have made major breakthroughs and leapfrog development in holographic application fields such as advertising, entertainment, education, and 5G communications. Listed on the Nasdaq Stock Exchange in the United States in April 2020.
The investment company of WiMi Hologram settled in the central business area of ??Tianjin Economic Development Zone is funded and established by an overseas listed company. It intends to continuously improve and strengthen the company's existing technology and maintain its leading position in the industry. At present, WiMi Hologram has invested in a number of upstream and downstream enterprises in the industry chain such as Cloud View Research, Haibaichuan Technology, and Qichuang Yunxi. The company plans to invest in more than 100 holographic industry chain companies through Tianjin Zhongzheng Daohe Investment Co., Ltd. within 1-2 years to create a business ecosystem based on holographic technology applications and become the creator of China's holographic ecology.
Why WIMI Hologram has raised a total of 170 million U.S. dollars in one year after its listing to lay out the AR industry chain.
source
https://finance.sina.com.cn/stock/relnews/us/2021-03-30/doc-ikknscsk4526212.shtml
March 30, 2021 10:05 CCTIME
With the continuous development of virtual reality technology, VR/AR is being used on a large scale in many industries. The "14th Five-Year Plan" outlines VR/AR into the seven major industries of the future digital economy. At the same time, the domestic VR/AR track has also attracted a capital investment boom in recent years. Recently, WiMi.US, the first holographic AR listed on Nasdaq, has received a new round of financing with a financing amount of up to 83.8 million U.S. dollars. Since its listing in April 2020, WiMi Hologram has received a total of 170 million US dollars in financing. Investors include a number of institutional shareholders such as Shengshijing Investment, Singapore UOB Venture Capital, Yingqu Capital and Weibo Investment. The current holographic AR industry can be said to be the darling of capital investment, and it is the time for venture capital financing.
What is holographic technology?
Holographic display technology, also known as virtual imaging technology, is to present three-dimensional object images in mid-air in real scenes. It uses the principle of interference to record the light wave information of the object. When the laser is used to radiate the object, the object will form a diffuse object beam, and some of the laser will interfere with the newly formed object beam. The film for recording the interference fringes is specially processed to form a hologram; the original is reproduced. For object information, the obtained hologram needs to be irradiated with laser. The strong coherence of laser makes it appear original image and conjugate image, that is, three-dimensional holographic image is obtained by the principle of diffraction. This is recognized as the most ideal technology for realizing 3D display in the future.
In many people's minds, VA/AR holographic technology is just an emerging technology. In the future, it is likely to be integrated into all aspects of our lives, including education, entertainment, shopping, and travel, just like the Internet. At present, 5G has been commercially available on a global scale, which has promoted the digital transformation of the industry.
In the medical industry, holographic AR technology can not only enable doctors to clearly feel the tactile differences between the patient's skin, muscles, and bones through feedback devices during surgery, but also generate accurate 3D models through CT scans and MRIs to achieve The purpose of making surgery more precise.
The development of 5G technology is very rapid, but it still faces many challenges:
5G application scenarios need to be expanded to meet more diverse and complex full-scenario connection requirements; define more new 5G capabilities, such as uplink and downlink throughput rates, low latency and high speed The communication, high-precision positioning, etc., to meet the ever-increasing performance requirements; continue to enhance the commercial capabilities of 5G SA, MEC, cloud-native 5G core networks, and 5G business enablement platforms to meet the differentiated needs of industry applications.
A key factor driving the development of holographic AR technology in China is the progress and maturity of the technology itself. The maturity of the technology has led to the reduction of hardware costs, which has led to the application of this technology in more and more industries. In addition, with With the expansion of the application scope of holographic AR technology, people's understanding and demand for it are also further promoting the development of this technology. For example, shopping with holographic AR technology is now common on e-commerce platforms.
WiMi Hologram has established a comprehensive and diversified holographic AR content library among all domestic holographic AR solution providers. In terms of revenue, number of customers, holographic AR content, and the number of holographic AR patents and software copyrights, WiMi Hologram is in China's holographic AR Ranked first in the industry. The ultra-high reliability and low-latency communication of 5G communication technology is expected to solve the shortcomings of VR/AR development. We believe that 5G+cloud will open up the VR/AR scene and continue to release the vitality of the industry. With the continued efforts of major manufacturers, it is expected to create explosive models and accelerate hardware penetration.
As an emerging market, the global holographic AR market has huge growth potential. It has attracted a large amount of investment since 2016 and has made a huge contribution to the growth of the industry. Several organizations, including R&D laboratories, are investing heavily in this technology to develop solutions for businesses and consumer groups. Over the years, the mobile augmented reality market has been widely used in applications such as games, media, and marketing. Its application scope in different industries such as advertising, entertainment, education and retail is expanding, and it is expected to drive demand during the forecast period.
2016-2025 Global Holographic AR Market Size by Revenue, Source: Frost & Sullivan
Note:
Hardware refers to the income of hardware manufacturers, including AR rendering equipment, such as AR glasses, AR helmets, etc., and holographic imaging equipment, such as holographic projectors, holographic cabinets, and holographic advertising machines. Software and content refer to the income of participants who provide augmented AR and holographic content, ARSDK or technical services.
China has a large number of Internet users and mobile Internet users. With the introduction of basic tool platforms by system vendors such as Apple and Google, it has become more convenient for developers to create and provide diverse AR content, enabling AR technology to be quickly provided to a large number of users. In addition, stores that provide AR experience have penetrated quickly in Chinese shopping malls, and consumers can enjoy AR experience at a lower cost, which promotes consumer acceptance of AR.
Public information shows that as a domestic holographic visual AR representative company, WiMi focuses on holographic cloud services, mainly concentrated in vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud Software, holographic car navigation and other professional fields, covering from holographic vehicle AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication, etc. It is a holographic cloud comprehensive technical solution provider for multiple links of AR technology.
According to reports, WiMi Hologram won the bid for the second phase of holographic remote interaction between China Mobile and the media cloud platform. As a professional company for 5G communication holographic applications, WiMi Hologram has always been committed to independent R&D and investment in 5G core fields. Fully integrate 5G, AR/VR, holographic communication and other technologies, and will continue to strengthen close cooperation with industry partners such as China Mobile and other communication operators, actively promote the application and practice of 5G holographic communication services, and help China's holographic communication applications in vertical industries. Digital transformation.
As the latest generation of mobile communication technology, 5G has been standing in the spotlight from technological innovation, standard construction, license issuance, and commercialization in recent years. Its large bandwidth, high reliability, low latency, and massive connections have gradually become recognized by the public. know.
WiMi Hologram plans to continue to improve and strengthen existing technologies, maintain the industry's leading position, and create an ecological business model. At present, the holographic facial recognition technology and holographic facial change technology of WiMi Hologram Cloud are being applied to the existing holographic advertising and entertainment business, and the technology is also being continuously upgraded, hoping to make breakthroughs in more industry fields. The goal of WiMi Hologram is to establish a business ecosystem based on the application of holographic technology.
Whether it is the smart application of 5G real-time 3D reconstruction, or the 5G real-time holographic live broadcast/video call that changes visual interaction, WiMi Hologram has been committed to promoting the application of 5G real-time holographic technology in the mobile communication industry, through 5G real-time holographic technology in the industry Leading role in innovation, accelerating the digital transformation of the three major operators in the "5G+" era, and providing users with better quality, reliable and convenient information services.
ChinaSoft International's 2020 performance hits a record high, net profit attributable to the parent increased by 26.5% year-on-year.
source
http://www.chinasofti.com/news/2163.htm
2021-03-30
ChinaSoft International Limited (SEHK: 00354) today announced its 2020 annual results.
In 2020, the company’s business will achieve growth against the trend, with revenue increasing by 17.1% year-on-year, cloud intelligence business revenue increasing by 63.1% year-on-year, profit attributable to the company’s owners increased by 26.5% year-on-year, and basic earnings per share increased by 23.3% year-on-year. Operating net cash increased by 56.0% year-on-year.
In 2020, in the face of complex internal and external environmental challenges, ChinaSoft International will seize the opportunity of digital transformation while driving the steady development of the company with IP and ecology. The company continues to rank TOP100 in Gartner's global IT service market share, and its revenue and profit have reached new highs. It strongly demonstrates the combat capability, service level and forge ahead of China's Digital Iron Army! The company has formulated a long-term development strategy for large customers, continued to consolidate the cornerstone business focusing on technical professional services and solutions, and is committed to productizing the cornerstone business, achieving high-quality expansion, and comprehensively expanding the company’s second growth curve. Cloud intelligent business, based on domestic, global layout, insist on "drawing a blueprint to the end".
Consolidate the cornerstone business and launch a software factory to build a long-term competitive advantage.
During the reporting period, the company integrated the professional service capabilities and management capabilities accumulated through long-term cooperation with major customers such as Huawei and HSBC, launched a software factory integrating consulting and diagnosis, process management, IT tools and delivery services, and comprehensively upgraded traditional IT services. Improve service quality and service value, open up market space with better quality and scale, and build long-term competitive advantage.
During the reporting period, the company's Huawei business continued to grow, and the company ranked first in the performance evaluation of Huawei's R&D outsourcing suppliers. It achieved absolute leadership in share, quality and efficiency, and made it a step closer to becoming a Huawei's strategic supplier. The company has established a variety of product cooperation models with Huawei around Kunpeng, Goss, WeLink, Smart Screen, etc., and successfully broke through and delivered multiple projects in key industries such as government, enterprise, finance, and manufacturing. The company became the first partner to sign the "HUAWEI HiLink Eco-Solution Service Cooperation Agreement" with Huawei, and won the HUAWEI HiLink "Excellent Partner Eco-Enable Service" award.
During the reporting period, corporate finance and banking business steadily improved, and 40 new customers including domestic and foreign banks, private banks, non-bank financial institutions, and overseas financial institutions were added. At the same time, the company continued to promote technological innovation to provide customers with technological empowerment and model innovation And business upgrades.
During the reporting period, the company's Ping An Department business grew rapidly, with full efforts in banking, OneConnect, and insurance, and newly opened up 9 Ping An Department customers. In the field of retail banking, the company builds a platform based on the client’s Open Bank’s goal of “opening up capabilities” and has access to hundreds of API interfaces, covering product capabilities such as accounts, wealth management, payment, and margin; the company fully promotes wisdom under the intelligent OMO service system Operation 3.0 construction helps Ping An to build a high-quality operation system. In the business area of ??OneConnect, the company has won the bid for multiple projects such as Wisdom Economics Division and Wisdom Decision Platform Phase II. In the insurance field, the company and Ping An Property & Casualty signed an "Safety Insurance" solution agreement, laying a foundation for business expansion in the same industry. The projects that the company won in the fields of medical insurance technology, smart medical care, smart education, smart law, smart enterprise, etc. were successfully delivered. In addition, the company signed a cooperation agreement with Ping An Medical Group to realize the company's breakthrough in the field of medical insurance technology from 0 to 1.
The company helped the HSBC Group to respond to compliance requirements in China, complete the layout of the Greater Bay Area, and quickly respond to the needs and changes caused by the epidemic, and HSBC's business achieved contrarian growth. The company continues to assist the digital transformation of Hang Seng Bank, successfully launching the Hang Seng New Commercial Bank remote account opening project, which greatly shortens the account opening time for corporate customers; the company successfully launched the cash payout project, supporting the Hong Kong government’s "cash distribution plan", enabling mobile banking and online banking The coverage rate of other digital channels reaches 90%. The company maintains long-term cooperation with dozens of foreign bank customers in Europe, America, Japan, South Korea, Southeast Asia, Australia, etc., covering more than 90% of the domestic foreign customer market.
During the reporting period, with the two major growth drivers of government and corporate affairs and new business, the company's China Mobile business grew rapidly. In terms of government and corporate affairs, the company continues to expand its bid-winning shares in the China Mobile Cloud Competence Center, multiple industry research institutes, government and corporate branches, and the Internet of Things. The company has undertaken a number of projects including China Mobile's Industrial Internet, Safety Supervision Cloud, and Regional Industrial Cloud, and has established delivery capabilities in the industrial Internet field. In terms of new business, the company takes Migu as its core and continues to increase customer satisfaction and business share.
During the reporting period, the company's China Telecom business scale grew steadily, and the company's business share in Tianyi E-commerce, China Telecom Cloud Computing, China Telecom Electronic Channel Center, China Telecom Integration, and Gansu Wanwei continued to expand. In addition, the company's business with customers such as Fiberhome, TD Tech, Datang, etc. has grown steadily. A number of key customers have continued to maintain the No. 1 position in share, and completed the business layout of a number of important customers around the 5G equipment industry chain.
During the reporting period, the company continued to deepen the Internet industry, accelerate the penetration of Tencent, Ali, Baidu and other major customers, while maintaining its leading position, it continued to expand its customers from well-known Internet companies such as Bytedance, NetEase, Meituan, and JD. Business scenarios, accumulating excellent practices in digital operation services, committed to long-term ecological cooperation with customers, and promoting business upgrades and operating model changes for Internet companies During the reporting period, the company's Microsoft business grew steadily, and new opportunities for cooperation with Microsoft's gaming business and basic data business were expanded.
During the reporting period, the company made further breakthroughs in the field of smart terminals, and in-depth cooperation with companies such as Haier, HKUST iFLYTEK, OPPO, Xiaomi, and Wingtech. The company successfully became one of Haier’s top ten preferred suppliers and ranked second in the iFLYTEK supplier assessment. The company is also expanding into new business areas such as the Internet, COO system, and Andean system in OPPO, and its business scale has increased rapidly. Wingtech, a leading manufacturer customer, signed a strategic cooperation agreement.
During the reporting period, the company began to deploy its automotive business. The company and China FAW formally signed a strategic cooperation agreement. The two parties involved in digital transformation consulting, digital business scenario innovation, government-enterprise market product promotion cooperation, software engineering management system empowerment, human resource service guarantee, and cultivation of innovative composite models in the field of intelligent networked vehicles Six major areas including talents are engaged in strategic cooperation, and the software R&D business is carried out in cooperation with FAW Group subsidiaries such as FAW Hongqi, FAW-Volkswagen, FAW Jiefang, FAW Pentium, and FAW Holdings. In addition, the company has also successfully reached a cooperation with Qiming Information, a subsidiary of FAW Group, to provide industry-leading "software factory" management consulting services for FAW Group to help FAW Group realize the digitalization of R&D management.
Cloud gathers innovation and win-win future to create a second growth curve.
During the reporting period, the company firmly established its positioning of “cloud, manage cloud, and cloud native”, built a two-wheel-drive business form of “service + platform”, and was committed to becoming the top 1 cloud service provider in China. The company builds a triangle of cloud management, cloud professional services and cloud-native business, improves customer conversion rate, enhances customer stickiness, enables digital transformation of customers through cloud-native technology, and provides customers with one-stop "cloud" and "cloud" service.
The company has successfully obtained all cloud service related licenses. The self-developed "one-stop" cloud brokerage platform "Huaxia Cloud Network" (Cloud Broker platform) continues to iteratively upgrade. In addition to cloud resources, "Huaxia Cloud Network" also overlays its own cloud Manage services and solutions to effectively improve business development efficiency and customer satisfaction. In terms of overseas layout, the first overseas operator customer of the commercial ecological cloud platform was delivered and successfully accepted. In terms of industry customers, "Huaxia Cloud Network" provides cloud services for business systems of a number of domestic top three hospitals to escort the fight against the epidemic. During the reporting period, the company became the officially designated regional authorized service center of Tencent Cloud, and introduced the company's implementation service capabilities to Tencent Cloud Qianfan Zhongtai as a standard product. The company has been ranked TOP3 in IDC China's cloud management service market for two consecutive years, and its market share has continued to grow.
During the period, the company released the SaaS version of the "CloudEasy" cloud management platform, which supports cloud management, cloud operation, cloud operation and maintenance, cloud monitoring, cloud security and other functions, manages the multi-cloud environment with one click, and breaks through the leading customers in the automotive industry. The company uses self-developed automation tools to help customers in many industries such as communications, securities, banking, and insurance to achieve migration and transformation; the company's cloud-native services continue to expand domestic and overseas markets, and break through government, retail, transportation, energy and other industries.
The company's cloud products and cloud solution businesses have achieved rapid growth in many areas such as parks, finance, telecommunications, retail, transportation, and education. The company is the first Huawei partner to jointly develop 5G+ smart park service solutions. During the period, the company released smart park applications and completed multiple project deliveries across the country.
In the field of big data and artificial intelligence, the company introduces industry-leading architecture concepts such as DataOps and Data Hub, explores research and development upgrades, and is committed to realizing tool-based, automated, and intelligent digital transformation of government and enterprises. During the reporting period, the company broke through the digital consulting benchmark customers, completed the closed loop of digital transformation planning from consulting, implementation and construction to continuous operation, deepened the financial industry, and expanded its layout in strategic and emerging fields such as government affairs, real estate, railways, and environmental protection.
Jiefang has upgraded the software industry Internet platform to become a key force for regional integration and innovation.
During the reporting period, Jiefanghao made full efforts in the field of customized software, upgraded the software industry Internet platform, and iterated a series of touch products and services around vertical scenarios, and built a complete arrival chain through the efficient connection between platforms, products and services. Road and supply and demand services are closed loop.
During the reporting period, the platform accumulated 63,000 registered suppliers, with a demand amount of RMB 7.68 billion, and completed accurate portraits of 48,000 companies. The Jiefang government digitally builds the core product capabilities of smart series and digital series. The nationwide city station service covers 70 major cities, and a total of 23 city governments have signed platform strategic cooperation agreements. Jiefang Yunshang Software Park has newly expanded 4 parks, serving software parks in 17 cities in total. Jiefang's "Plan Z" upgrades its business and product service capabilities, accumulatively settled in more than 1,000 suppliers, and has issued a total of 600 million yuan in contracts. Jiefang has become the best assistant for digital government construction, regional digital economic development, and industrial digital transformation and upgrading in the post-epidemic era. It has promoted Kunpeng and other Huawei ecosystems to take root in various regions through ToG and ToB, and has become a co-construction of regional integration and innovation ecology. The key force.
In the post-epidemic era, challenges and opportunities coexist. Facing the tough year of 2021, the company will fully promote the Xibaipo spirit of “dare to fight and dare to win”, and go hand in hand with great standard bearers like Huawei on the long march of technological innovation. Quality, value, and meaningful business portfolio development formation, upgrade the cornerstone business with the software factory model, build a new growth curve around cloud intelligence and other businesses, and move vigorously towards the goal of "ChinaSoft International in the world"!
DIT Group announces 2020 annual results.
source
http://dit.aconnect.com.hk/document/press/pressEN_20210330.pdf
30 March 2021, Hong Kong
Profit attributable to owners of the Company increased substantially by 43.4%. Collaboration with Central China Group Strive to be a leading integrated service provider in smart building.
Financial Highlights:
HKD ’000 For the year ended 31 December 2020 2019 Changes
Revenue 1,089,284 695,901 +56.5%
Gross profit 345,204 177,775 +94.2%
Gross profit margin 31.7% 25.5% +6.2ppt
Net profit 169,966 113,617 +49.6%
Profit attributable to owners of the
Company 158,833 110,749 +43.4%
Basic and diluted earnings per share (HK cents) 5.67 3.95 +43.5%
DIT Group Limited (SEHK stock code: 726), an innovative high-tech company specializing in businesses in the whole value chain of precast concrete industry in China, is pleased to announce its annual results for the year ended 31 March 2020 (the “Year”). 2020 is the first fiscal year since DIT Group joined the big family of Central China Group, the Group achieved a leapfrog development and entered a period of explosive profit growth. As a leading integrated service provider in smart building, the Group has been adhering to the “technology-led” development strategy, thereby pushing forward its business and greatly improving its operational efficiency. During the Year, the revenue of DIT recorded a year-on-year increase of 56.5% to HKD1,089.2 million, due to the increase in the number of technology parks commenced operation of manufacturing and sale of prefabricated components and the continuous increase in the production capacity of technology parks during the Year; and a significant increase in the revenue from technology licensing and consulting services. Gross profit increased substantially by 94.2% to HKD345.2 million, with a gross profit margin of 31.7%, represented a year-on-year increase of 6.2 percentage points. Profit attributable to owners of the Company increased by 43.4% to HKD158.8 million as compared to last year. Basic and diluted earnings per share were 5.67 HK cents. The Board of Directors did not recommend any payment of final dividend.
The Group is principally engaged in the production and sale of prefabricated construction units and equipment, and granting licensing in the PRC. During the Year, sales revenue from sales of prefabricated
construction units increased by 57.8% year-on-year to HKD915.3 million, accounting for approximately 84.0% of the Group’s total revenue. Revenue from granting licenses was approximately HKD67.7 million; revenue from decoration and landscaping services was approximately HK$37.4 million, revenue from the sales of prefabricated construction equipments was approximately HK$28.0 million.
Business Review
Skyrocketing of annual sales by 72% and signing of several strategic agreements.
The Group’s business expanded rapidly during the Year, benefiting from the strengthening market demand driven by accelerated implementation of policies supporting the prefabricated construction industry and the completion and commissioning of six green building technology parks. The annual production volume reached 307,000 cubic metres, an increase of 66% from 185,000 cubic metres in 2019; and shipment volume amounted to 314,000 cubic metres, an increase of 72% from 183,000 cubic metres in 2019. In 2020, the Group signed strategic cooperation agreements with many reputable companies including JD Group, Jinke Property Group, Sunriver Holding Group and Jujiang Construction Group to create synergy, further expanded business segments, and consolidated business advantages of the entire industry chain and laid a steady foundation of purchase orders pipeline for business in 2021.
Accelerated the establishment of industrial parks and great improvement in the production capacity and operational efficiency of plants.
In 2020, the Group built and put six green building technology parks into production, and put 15 nationwide industrial parks into operation, making the Group a leading player in the industry in terms of industrial layout. As of the end of 2020, the Group’s overall production capacity was approximately 1.1 million cubic metres. The utilisation rate of production capacity increased from 29% in 2019 to 46% in 2020.
During the Year, the Group’s exploration of asset-light business model achieved initial results. Revenue from technology licensing and consulting services increased by 151.5% year-on-year to HK$94.92 million. The Group has achieved initial results in cost reduction through upgrading production methods. In 2020, the actual cost of prefabricated construction was RMB2,115 per cubic metre, a year-on-year decrease of 8.7%. Besides, the Group launched an intelligent mould placement robot in several smart prefabricated construction plants. This robot can reduce mould placement manpower by 75% and increase mould placement efficiency by 2.5 times.
Expansion of business across the entire industry chain and initial results of synergistic efforts with Central China Group.
The Group adopts a new business model covering the entire industry chain. During the Year, the Group created a business layout covering prefabricated construction components, decoration, landscape, and equipment, and the newly added smart landscaping services and smart decoration businesses will soon become the Group’s profit growth drivers.
Relying on the positive branding of Central China Group deeply rooted in Henan Province, DIT Group is supported by Central China Real Estate and Central China Management Company who rank among the top ten in China in terms of construction area and house delivery and sees a large number of potential home decoration opportunities brought by Central China New Life whose property management area exceeds 100 million square metres. With the support of Central China Group, DIT Group has spared no effort to expand its production capacity in Henan Province. In 2020, it has successfully established five green building technology parks in Henan Province.
Prospects and Development Strategy
Creating a new business model covering the entire industry chain. In 2020, the Group announced a new “Smart Home” strategy to create an innovative whole industrial chain collaboration model. Professional abilities across the entire industry chain are the core advantages of the Group. The Group has the world’s leading six core technology systems, strong research and development and innovation capabilities, and extensive experience in external technical cooperation, covering the fields of smart buildings including BIM, Internet of Things, big data and artificial intelligence. With technological advantages of the whole industry chain, the Group has gradually expanded its business to landscaping services and decoration businesses. In the future, the Group plans to develop a business model covering the entire industry chain into a “turnkey” business model. The business will cover the entire life cycle of prefabricated construction.
Collaborating with Central China Group to create synergy focusing on Greater Central China region.
The Group will coordinate with various business sectors of Central China Group according to the Central China Group’s Greater Central China strategy, aims to become the promoter of the urbanisation and overall social progress in Central China region where centering on Zhengzhou with a radius of 500 kilometres. The Group expects to leverage the advantages of Central China Group’s wider industrial chain, creating a better operational benefit.
In terms of Central China Real Estate, the Group will implement the “industry + real estate” model, promote the development of commercial and residential land, and reduce plant investment costs by acquiring related commercial and residential land. As for Central China Management Company, the Group will explore the “industry + real estate” cooperation model outside Henan Province and reach a cooperation agreement with Central China Management Company to promote business in asset-light projects. Based on the “Smart Home” strategy, the Group also cooperates with Central China New Life to develop businesses such as home decoration and construction of data middle platform to provide in-depth services for products such as smart communities, smart buildings, and smart homes. The Group will work with the education sector of Central China Group to deliver training to workers through cooperation, expecting to train up 100,000 workers in the coming three years.
Mr. Liu Weixing, Chairman and Executive Director of DIT Group said, “In 2020, the Group fully leveraged the advantages the whole industry chain business model and the synergy with various business segments of Central China Group. The Group adopted a customer-centric approach and continuously improved the quality, to actively expand the market and drive the rapid growth in sales revenue and profitability, resulting remarkable annual results of the Group. China’s prefabricated construction industry will maintain a rapid growth in the future. Its core competitiveness will transform towards technology and business scale. The Group will insist on its positioning as a provider of integrated smart building solutions and mission of ‘Make Life Better with Smart Technology’. With ‘Smart Home’strategy as a core focus, the Group will set up a digital and smart business platform, explore asset-light development models and provide the industry and society with smarter building solutions, so that more people can enjoy the better life brought by the progress of construction technology.”
About DIT Group Limited
Headquartered in Changsha and Zhengzhou China, DIT Group Limited is an innovative high-tech enterprise that specializes in businesses throughout the entire value chain of prefabricated construction (PC). The company is listed on the main board of the Stock Exchange of Hong Kong Limited (stock code: 726.HK), and is also the first listed company in China’s PC industry. The Group promotes the modernization of construction industry, and its businesses cover the entire value chain of the PC industry, including R&D, PC components manufacturing, franchise and consultation of PC plants, and manufacturing of intelligent PC equipment. The Group has already set up several smart PC equipment plants nationwide. It runs fifteen self-operated PC plants and several plants owned and operated by franchisees. By adopting the world’s first business model of combining engineering, manufacture, procurement and construction (EMPC), which is created by Drawin Group, DIT Group has been widely recognized by its clients for its technology and products. DIT Group has green construction industrial parks in over 45 cities in 22 provinces nationwide, providing service for projects under construction with a total site area of 6 million square meters in China.
For further information, please contact:
DIT Group Limited
Ms. Vanessa Sun
Senior Investor Relations Manager
Email: vanessa.sun@cmdrawin.com
iPR Ogilvy Limited
Tina Law / Shana Li
Tel: (852) 2136 6181 / 3920 7649
Email: dit@iprogilvy.com
The long-term fundamental outlook for Westport Fuel Systems Inc. (WPRT) is more than positive.
Due to rising bond rates, companies that write losses are avoided or sold.
Westport posted an annual Net loss of $7.4 million, or $0.05 per share for the year 2020, and sales fell 17% to $ 252.5 million in 2020. This was due to the impact of the pandemic on customer demand.
Westport posted annual earnings of $ 41 thousand, or $ 0.00 per share, for the 2019 fiscal year, and revenue for 2019 was $ 305.34 million.
The fear of higher interest expenses on current loans and debts weighs on the share price.
In addition, the entire hydrogen sector and related technologies will be collective punishment.
The accounting scandal at Plug Power (PLUG) weighs heavily on the entire hydrogen sector and related technologies.
https://finance.yahoo.com/news/plug-investor-alert-shareholder-lawsuit-020000386.html
When these negative influences are over, investors will focus again on the fundamental outlook in WPRT.
- Announced new product development work with current OEM partner to apply HPDI 2.0 to an upgraded base engine platform designed to meet Euro VI Step E emission regulations that take effect in 2024.
- Record revenue of $83.9 million, an increase of 13% over same period last year, with OEM revenue up 32% due to continued growth in HPDI™ 2.0 sales volumes combined with strengthening light-duty OEM sales.
- Net income of $4.1 million or $0.03 per share; Adjusted EBITDA was $8.1 million, or a $4.5 million improvement year-over-year.
- Joint venture with Weichai Power secured certification for WP12 natural gas engine powered by HPDI in China.
- Our research and development of a heavy-duty internal combustion engine ("ICE") running on hydrogen has the potential of near-zero greenhouse gas emissions and much lower cost than fuel cell vehicles or battery electric vehicles, particularly for heavy-duty trucking and other high-load applications like mining, marine and rail that have come to rely on the efficiency, power, durability and reliability of diesel engines, Over the past several months we achieved several important milestones including:
- In January 2021, we announced the start of a research project with Scania to apply HPDI fuel systems with hydrogen to the latest Scania commercial vehicle engine.
- Later in February 2021, we released a joint publication with AVL, the world's largest independent company for the development, simulation and testing of powertrain systems, entitled “Total Cost of Ownership (TCO) Analysis for Heavy Duty Hydrogen Fueled Powertrains.” The analysis presents the case for hydrogen use in an ICE with Westport Fuel Systems’ patented HPDI 2.0 fuel system, as the most cost-competitive near-term pathway to reduce CO2 emissions to near-zero from on-road long-haul transportation. The paper undertakes a comprehensive TCO analysis, applying inputs from Westport Fuel Systems HPDI hydrogen (H2-HPDI) simulations and HPDI 2.0 operating costs with AVL’s existing TCO models for diesel and fuel cell powertrains.
- In March 2021, we successfully started up and conducted initial testing of a heavy-duty ICE running on hydrogen fuel, using our patented and proprietary HPDI 2.0 system. The preliminary test results validate our combustion simulations and demonstrate the potential for hydrogen combustion with efficiency comparable to fuel cells in heavy-duty applications. The potential benefits for OEMs and others to avoid significant new investments that would be required to develop and manufacture fuel cells, electric motors and batteries that are associated with heavy-duty long haul fuel cell electric vehicles is financially compelling, while leveraging established supply chains, manufacturing investment and infrastructure and economies of scale. Technical results will be reviewed at the upcoming Vienna Motor Symposium, which takes place April 29-30, 2021.
https://wiener-motorensymposium.at/
- We are poised for growth and continued positive momentum, considering the robust recovery in our revenues in 4Q20 somewhat tempered in the near-term by the current risks in the supply chain the automotive industry is facing. Due to the expected growth in our Heavy-Duty OEM business, we plan to expand our manufacturing capacity through our vendor supplier network and our own manufacturing capabilities to be able to meet our customer demand. We are excited about our recent research and development of H2 ICE technologies and the potential for further applications of HPDI technology in other industry verticals, which will require investment. Significant strides have been made to restore financial stability, and we will continue to evaluate our financing options to sustainably fund the exciting growth potential of our portfolio of existing and emerging technologies.
Today we have a share price of $ 6.57 per share. In 5 years time, many investors will be annoyed retrospectively that they missed this low entry price.
My personal vision for WPRT is:
- WPRT has lots of growth potential.
- WPRT is a long term Investment, 5 to 10 years from January 2021.
- This long-term strategy will pay off for owners and shareholders.
Life Sciences Companies Investors Presentations Now Available for On-Demand Viewing.
source
http://www.digitaljournal.com/pr/5020460
March 29, 2021
Life Sciences Investor Forum today announced that the presentations from the March 25th conference are now available for on-demand viewing at LifeSciencesInvestorForum.com.
This virtual event showcased live company presentations and interactive discussions focused on the life sciences industry. The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download shareholder materials from the company’s “virtual trade booth”.
REGISTER OR LOGIN AT:
https://www.lifesciencesinvestorforum.com/events/event-details/agenda?utm_source=Post%20PR&utm_medium=Press%20Release&utm_campaign=0325LSIF
March 25th Presenting Companies:
MagicMed Industries Inc. Ticker Pending
Sernova Corp. OTCQB: SEOVF | TSX-V: SVA
VolitionRx Limited NYSE AMERICAN: VNRX
Skylight Health Group Inc. OTCQX: SHGFF | TSX-V:SHG
Else Nutrition Holdings Inc. OTCQX: BABYF | TSX-V: BABY
Cardiol Therapeutics Inc. OTCQX: CRTPF | TSX: CRDL
EarthRenew Inc. OTCQB: VVIVF | CSE: ERTH
Avicanna Inc. OTCQX: AVCNF | TSX: AVCN
Orexo AB OTCQX: ORXOY | STO: ORX
CloudMD Software & Services Inc. Pink: DOCRF | TSX-V: DOC
To facilitate investor relations scheduling and for more information about the program, please visit
https://www.lifesciencesinvestorforum.com/
About Life Sciences Investor Forum
Life Sciences Investor Forum is the leading proprietary investor conference series that provides an interactive forum for Life Sciences companies to meet with and present directly to investors.
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Artificial Solutions expands its Conversational AI platform to 84 languages spoken natively by 3 billion people.
source
https://www.artificial-solutions.com/blog/artificial-solutions-expands-conversational-ai-platform-84-languages
March 29, 2021
Artificial Solutions today announced support for 48 additional languages to the already supported 36, making it the most extensive conversational AI language solution in the market. The company estimates that the built-in language support in the platform now covers close to 40 % of the world’s population. The platform supports 84 official languages.
“We are all about making our clients productive in a global context. Technology-wise, our approach is simple: clients build a global top-level solution and efficiently localize it to more languages and regions, said Andreas Wieweg”, CTO at Artificial Solutions.
“By eliminating the need to completely rebuild a bot each time for an enterprise that wants to expand its reach, our functionality makes it easier to expand with more languages as you go. With our platform, you train, build and deploy in all our supported languages.”
The 84 languages include
– Afrikaans, Amharic, Armenian, Azerbaijani, Basque, Belarusian, Bengali, Bosnian, Bulgarian, Catalan, Chinese (Mandarin), Croatian, Czech, Danish, Dutch, English, Esperanto, Estonian, Ewe, Faroese, Finnish, French, Galician, German, Greek Georgian, Gujarati, Hindi, Hungarian, Icelandic, Indonesian, Italian, Igbo, Irish, Japanese, Latvian, Kazakh, Kinyarwanda, Kirundi, Kyrgyz, Lithuanian, Luxembourgish, Macedonian, Malay, Malagasy, Maltese, Marathi, Mongolian, Nepali, Norwegian, Odia, Oromo, Papiamento, Polish, Portuguese, Quechuan, Romansh, Romanian, Russian, Sámi, Sango, Scottish Gaelic, Shona, Sinhala, Somali, Swahili, Swati, Serbian, Slovak, Slovene, Spanish, Swedish, Turkish, Tigrinya, Tsonga, Tswana, Turkmen, Ukrainian, Uzbek, Vietnamese, Welsh, West Frisian, Yoruba and Zulu.
In addition, the platform also caters for regional differences and different writing scripts. Examples of this include the different spelling variations between UK and US English, the differences in vocabulary and grammar for Brazilian and European Portuguese, and the different Japanese writing systems.
The Role of NLP in delivering quality Conversational AI.
source
https://www.artificial-solutions.com/blog/role-nlp-conversational-ai
March 25, 2021
We live in a moment of digital transformation
https://www.artificial-solutions.com/digital-transformation
where governments, services and brands are using new technologies to reach out to consumers. Increasing consumer demands for 24/7, omnichannel services have furthered the need to develop automated or self-service processes to meet these requirements.
Chatbots are a solution to these requests. However, a common frustration point when people use chatbots is that the bot doesn’t always understand what they want to say. This isn’t a fault of the technology as a solution, but a result of the bot’s Natural Language Processing design and development not being up to standard.
But what is NLP and how important is its role in delivering top quality Conversational AI solutions? This article will focus on the role NLP and its elements play in the creation of a robust CAI platform.
What is the link between Conversational AI and Natural Language Processing?
Conversational AI (CAI)
https://www.artificial-solutions.com/conversational-ai-technology
is an advanced way of offering a conversational experience through digital technologies that mimics real-life conversations with people. It does so by using rich data sets, algorithms and linguistic knowledge to provide users with engaging, multilingual experiences on multiple platforms and devices.
Conversational AI provides scalable, integrated and advanced dialogue systems that deliver personalized and contextual conversations to extract meaning from natural sentence structures. Conversational AI is an entire solution that incorporates numerous technologies to provide an optimal digital conversational experience.
Ultimately, Conversational AI is the predominant form of AI in business right now, and its success holistically spans around various related areas beyond deep learning and machine learning state-of-the-art systems, data privacy and analytics, as well as traditional, complex dialogue management techniques like context awareness, topic awareness, topic switching, interruption handling, anaphora resolution etc.
On the other hand, Natural Language Processing (NLP) is a subfield of Artificial Intelligence that focuses on helping computers understand human language. Natural Language Processing is also an important component of Conversational AI. By using techniques to understand the intent in human language, NLP breaks down sentence structures to deliver the best response and improve customer experience by understanding what the user says.
Natural Language Processing: Measuring and Categorizing Human Language.
Machines are quick, consistent and highly efficient, but they do not excel in understanding humans nor the context or the reasoning behind what they say.
While being different to each other, Conversational AI and Natural Language Processing both enable human-like interactions between people and connected devices by facilitating contextual and comprehensive cooperation between humans and machines. This can be done across a variety of modalities, like voice, text, tapping, gestures or facial expressions, and improves one-directional or back-and-forth interactions between humans and computers.
To understand human language, machines need to listen, process, break down, analyze and categorize human text and speech.
In order to achieve this, Natural Language Processing can dissect any volume of text into sentences and words and then processing and categorizing it. Here are some of the core tasks functions NLP can carry out:
Normalization:
A process that converts a list of words into uniform sequences such as lowercase.
Tokenization & Sentence Splitting:
The task of splitting a text into its constituent parts, for example, words or sentences.
Spelling Correction & Misspelling Tolerance:
Correct spelling mistakes or accept typos while understanding what word was intended.
Part of Speech (POS) tagging & Morphological Analysis:
defining the attributes of each word, for example, whether a word is a noun or a verb, and then tagging this for future reference.
https://www.nltk.org/book/ch05.html
Language Detection:
identifying the language that is being used.
Sentiment & Intensity Detection:
identifying words that indicate sentiment and/or intensity within a text.
Advanced Natural Language Processing Capabilities.
When further examining NLP, numerous capabilities stand out beyond analyzing the linguistic components in a text. We have listed some below:
Topic Modeling:
topic modeling helps uncover hidden topics from large collections of documents. While it is an unsupervised method
https://www.mathworks.com/discovery/unsupervised-learning.html
of NLP, where models are trained without pre-tagging or labeling, it can be used to discover latent patterns in unstructured data and discover unnoticed correlations in customer behavior.
Text Categorization:
as mentioned, NLP can classify texts in numerous ways, so that they are easier to process and analyze. This categorization can provide insights about the user intent and also serve to detect and categorize undesirable patterns and spam.
Text Clustering:
texts can be grouped
https://towardsdatascience.com/a-friendly-introduction-to-text-clustering-fa996bcefd04
based on their contextual similarities. This helps better understand the key issues under a specific domain.
Information Extraction:
large amounts of unstructured data can be parsed and keywords about an issue are extracted and collected.
Named Entity Resolution:
a more specific form of parsing seeking exact names, brands, locations, etc.
Relationship Extraction:
NLP can identify and extract semantic relations
https://medium.com/@andreasherman/different-ways-of-doing-relation-extraction-from-text-7362b4c3169e
between entities or brands, determining, for example if two brands have a parent-agency relationship, or if they are partners depending on the context.
The Elements that Comprise and Extend Natural Language Processing.
Conversational AI and NLP allow chatbots to communicate with end-users in a way that mirrors human conversation. There are many different components that overlap and extend NLP’s capabilities.
Natural Language Understanding (NLU).
Natural Language Understanding focuses on enabling machines to understand spoken, written and gestural communication. It is the facet of NLP that focuses on the capabilities highlighted previously. Understanding intent is more than detecting what phonetic sounds or symbols are added in to make a word, but of interpreting what the meanings are and what it is the user wants to achieve.
With NLP, people using a chatbot don’t have to rely on exact keyword matches. They can use complex sentences, in different regional and sociocultural variations, using idioms or broken grammar, and NLP subsequently breaks down each sentence, settling linguistic ambiguities and providing syntactic and semantic comprehension.
NLU provides the building blocks to interpret human language and the message being said. It recognizes patterns and establishes what the user is trying to say, even when a similar message is expressed in different ways, to deliver an appropriate response.
[color=green]Conversational AI takes natural language processing (NLP) and natural language understanding (NLU) to the next level. It allows enterprises to create advanced dialogue systems that utilize memory, personal preferences and contextual understanding to deliver a proactive?natural language interface[/color].
The best conversational AI platforms
https://developers.artificial-solutions.com/
offer lexical resources that cover common terms, expressions, vocabulary and phrases for a specific language and domain. These serve as the basis upon which dialogue flows are constructed. When combined with AI algorithms, they can determine the many different ways a phrase or question can be structured.
https://www.artificial-solutions.com/blog/333-ways-to-ask-for-a-joke
Chatbots will still have their limitations, as they are typically designed to carry out specific tasks related to their customers. So, for example, bank bots
https://www.artificial-solutions.com/blog/conversational-banking
will be programmed to understand information and terms related to financial services and contextual information about a customer but will not know the cheapest travel tickets or how to suggest the best broadband deal.
https://www.artificial-solutions.com/blog/ai-chatbots-telecom
While establishing boundaries can limit the possibility of having generic conversations with a chatbot, this guarantees more profound contextualization and understanding of intent within the chatbot’s key functions.
Natural Language Generation (NLG).
Natural Language Generation is another component that combines with NLU in order to support NLP’s goals. Understanding and interpreting a message is essential. But real conversations require a meaningful response. NLG
https://ai.googleblog.com/2020/05/evaluating-natural-language-generation.html
explores the data, integrated back-end systems and third-party databases to create a response that incorporates additional parameters that will give the final message a fresh, accurate and personalized effect.
NLG is responsible for creating sentences from data, or templates, structuring them into a coherent narrative, or generating a synopsis of large volumes of text. The efficient use of contextual data will ultimately provide an enhanced humanlike experience.
Dialogue Management (DM).
Dialogue Management determines how a chatbot can select the correct reply with the information that it has based on what has been said, the knowledge the chatbot has, and the goals that have been defined, in order to guide the conversation.
Conversational AI holds all these components together.!!!!!!!!!!!!!!!!
Conversational AI Uses NLP to Deliver the Best Customer Journeys.
Today, people use numerous devices to connect with each other, carry out transactions and interact with their favorite brands. Along with the growing need to provide accurate and efficient automated self-services, businesses must ensure that customer experience, a major brand differentiator, is of the highest quality.
https://www.gartner.com/en/marketing/insights/customer-experience
When customers can use their own words when talking to a chatbot and receive immediate and accurate responses, call center volumes are decreased, saving resources, revenue and time for agents to focus on more complex issues, while maintaining high customer satisfaction rates.
Conversational AI platforms like Teneo
https://www.artificial-solutions.com/teneo
can make the most of the elements of NLP, and help both the customer and the human agent, by providing aggregated insights, summaries and suggesting possible personalized responses by tracking data and delivering efficient resolutions.
Conversational experiences cannot be created via stand-alone tasks. The best Conversational AI implementations require end-to-end CAI platforms, covering every core module from NLP tasks, to NLU handling, Dialogue Management and NLG. Additionally, they provide data privacy and analytics capabilities.
With the increasing use of new technologies, voice assistants and conversational platforms, NLP is crucial in determining that CAI platforms deliver conversations that are accurate, personalized and as human-like as possible.
Gartner
https://www.gartner.com/en/newsroom/press-releases/2019-10-21-gartner-identifies-the-top-10-strategic-technology-trends-for-2020
states that “through 2028, the user experience will undergo a significant shift in how users experience the digital world. Conversational platforms are changing the way people interact with the digital world.” Enterprises must not be caught offside and seek the best platforms to stay ahead in the market.
Teneo Developers
Try Before You Buy.
Build. Deploy. Analyze.
Sign up to get your own developer sandbox of Teneo containing all the tools needed to build and manage advanced conversational solutions.
https://developers.artificial-solutions.com/?utm_source=artificial-solutions&utm_medium=blog-technical-content
My urgent requests.
If you publish something here on the board about WIMI then:
- Please only report on current news, that is, do not unnecessarily repeat older news items that have already been published here.
- Messages, please always include a source.
- Please refrain lurid messages, fundamentally founded arguments are welcome.
Thanks
Look at www.wimiar.com/en/
The homepage has been completely redesigned.
Digital Rights Management Market - A follow up report
source
https://www.transparencymarketresearch.com/digital-rights-management-market.html
Digital Rights Management Market (Component - Software, Services; Services - Consulting, Integration, Operation and Maintenance; Software Deployment - On-Premise, Cloud; End Use - Healthcare, BFSI, Government, Media & Entertainment, Retail) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.
Snapshot
The global digital rights management (DRM) market is expected to expand at a significant pace during the forecast period, due to the rising demand of digital content security and management. Increasing digital piracy and thefts of digital content call for content security and management solutions. This factor is driving the global digital rights management market. Furthermore, the adoption of innovative revenue models and introduction of stringent policies and regulations by governments for protection of intellectual property (IP) from unfair usage and illegal competition are also driving the digital rights management market. However, currently, the DRM market is witnessing scarcity of unified DRM solutions. Thus, for complete security, end-users need to opt for multiple DRM solutions, resulting in high initial investments and high after-sales maintenance. Hence, scarcity of unified DRM systems is hindering the market. The market for digital rights management is projected to reach value of US$ 9,086.8 Mn by 2026, registering a CAGR of 15.3% during the forecast period.
Digital rights management (DRM) is a technology to protect ownership or copyright of the digital content by limiting what actions an authorized beneficiary may take in regard to the digital content. DRM enables the owner or publisher of the digital content to securely distribute precious content such as periodicals, enterprise-important data, photographs, books, educational material, and videos and to protect the digital content from thefts and piracy. Digital rights management is a software application or technology-enabled solution to control and monitor the unauthorized access of the digital content. DRM supports controlling, monitoring, organizing, and distribution of the digital content, with solutions deployed either on-premise or based on cloud or as a hybrid model. Industries that can benefit from digital rights management software are health care, BFSI, government, media & entertainment, and retail & consumers. Digital rights management is most commonly used in the media & entertainment industry. This is primarily due to high volume of the content generated, its wide online dispersion, and the growing number of media & entertainment companies, which increases the demand for enhanced control over images, videos, and audios from multiple sources.
However, with no typical DRM standard implemented, several DRM leaders have developed and promoted their own solutions. Presently, more than 20 applications are available in the market. If a customer wants to avail services of multiple companies, he/she has to purchase different versions of software and manage all of them separately. This is an inconvenience that could lead to DRM complexity and additional expenditure. Hence, requirement from consumers for a unified DRM solution, which can take care of all platforms of different vendors, is rising. However, lack of availability of such unified solutions is likely to hamper the market during the forecast period.
A key trend in the market is increasing demand for cloud-based solutions. This is because the demand for digital rights management solutions for a specific device and at a specific client location is raising the complexity for vendors. DRM systems need to serve a wide variety of devices popular among consumers. This leads to integrating, operating, and maintaining various DRM systems, resulting in increase in complexities and loss of revenues. However, cloud-based DRM allows the operator to outsource the DRM solution and offload various on-site operations to cloud. It also helps in freeing up valuable resources, which can be allocated to execute other significant tasks.
Cloud-based DRM is essential while tapping opportunities provided by video on demand (VoD), as the storage capacity offered on a mobile device is not sufficient to stream a high-quality video in real time. Cloud services is an efficient way to optimize DRM operations while availing a robust level of service. Transfer of license keys and several security functions from the client device to the server is simplified by using the cloud deployment model. This allows easier management, updates, and support for multiple DRMs, formats, protocols, and evolving business models. Due to these value additions, cloud-based solutions are likely to become popular. This is anticipated to provide substantial growth opportunities to the global DRM market in the near future.
The global digital rights management market has been segmented based on component, deployment model, and end-use. Based on component, the market has been segmented into software and services. The services segment has been sub-segmented into consulting, integration, and operation & maintenance. Based on end-use, the market has been divided into health care, BFSI, government, media & entertainment, retail & consumers, and others.
Among regions, North America is anticipated to witness rise in the consumption of digital media in the next few years. Increasing adoption of IPTV, OTT, and IoT technologies by consumers in the region is likely to boost the digital rights management market in North America in the next few years. The Asia Pacific digital rights management market is anticipated to expand at a higher rate during the forecast period, due to growing digitization in the region and rising demand to secure the digital content. Furthermore, the markets in Europe, Middle East & Africa, and South America are expected to expand significantly during the forecast period.
The digital rights management market is largely characterized by mergers and acquisitions and partnerships. For instance, as a part of its strategy, Vera Security, Inc. partnered with Canon Inc. in February 2018. This partnership would help enterprises to protect their business information and intellectual property from data leaks. Combining of solutions of both companies would allow customers to have access to a secure and trusted workflow platform. Some of the key players profiled in this report on the digital rights management market are Conax AS, Intertrust Technologies Corporation, Adobe Systems Incorporated, Oracle Corporation, Apple Inc., Microsoft Corporation, Locklizard Limited, Vaultize Technologies, Verimatrix, Inc., OpenText Corp., Seclore Technology, Vera Security, Inc., Vitrium Systems Inc., Dell EMC, Fasoo, Inc., Intralinks, Inc., and Nextlabs, Inc..
Digital Rights Management Market: Overview.
This comprehensive report by Transparency Market Research analyzes and forecasts the digital rights management market at the global, regional, and country level. The report provides an analysis of the industry trends in each of the segments for the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. The global digital rights management report provides an in-depth and accurate analysis of market investment across solutions covered in its scope. It also highlights various drivers, restraints, and opportunities expected to influence the market’s expansion during the said period. The study provides a complete perspective about the market for digital rights management solutions and services in terms of value (in US$ Mn) across geographies, segmented into North America, Asia Pacific (APAC), South America, Middle East & Africa (MEA), and Europe. Moreover, the study explains the penetration of each market segment within various geographies and how these segments have accelerated the expansion of the market.
The digital rights management market report covers all the major trends and technologies playing a major role in terms of market expansion over the forecast period. The study provides a complete perspective of the evolution of the global digital rights management market throughout the above mentioned forecast period in terms of revenue (US$ Mn).
The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that influence the current nature and future status of this market, key indicators, integration challenges, end-user adoption analysis, and trends of the market. A market attractiveness analysis has been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the digital rights management market. The report also provides an overview of various strategies adopted by the key players in the market.
Global Digital Rights Management Market: Scope of the Report.
The report segments the market based on component into software and services. Further, services are segmented as consulting, integration, operations and maintenance services. In terms of software deployment, analysis has been provided for on-premise and cloud models. Based on end-use, the market can be categorized into healthcare, BFSI, government, media & entertainment, retail, and others. The report provides in-depth segment analysis of the global digital rights management market, thereby providing valuable insights at the macro as well as micro levels.
The report also highlights the competitive landscape of the market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the digital rights management market. The comprehensive market estimates are a result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting digital rights management market expansion.
This report provides all the essential information required to understand the key developments in the digital rights management market and expansion trends of each segment and region. It also includes strategies, financial information, and SWOT analysis under the company profiles section. The report provides insights related to trends and their impact on the regional market along with Porter’s Five Forces Analysis which provides an overview of bargaining power of buyers, suppliers, threat from new entrants and potential substitutes, and degree of competition in the digital rights management market. This study provides a comprehensive ecosystem analysis of the digital rights management market, explaining the role of various participants including software & third-party vendors, system integrators, and distribution channels of the value chain operating in the market.
Global Digital Rights Management Market: Research Methodology.
The research methodology is a balanced combination of primary research, secondary research, and expert panel reviews. Among secondary research, sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred.
Primary research involves telephonic/face-to-face interviews and e-mail interactions, for detailed and unbiased reviews on the digital rights management market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Digital Rights Management Market: Competitive Dynamics.
The research study includes profiles of leading companies operating in the global digital rights management market. Key players profiled in the report include Conax AS, Intertrust Technologies Corporation, Adobe Systems Incorporated, Oracle Corporation, Apple Inc., Microsoft Corporation, Locklizard Limited, Vaultize Technologies, Verimatrix, Inc., OpenText Corp., Seclore Technology, Vera Security, Inc. Vitrium Systems Inc., Dell EMC, Fasoo, Inc., Intralinks, Inc., and Nextlabs, Inc. among others.
Digital Rights Management Market 2021 by Key Players, Growth Trends, Region & Segment Forecast.
source
http://www.digitaljournal.com/pr/5018553
03/25/2021
The global digital rights management (DRM) market is expected to expand at a significant pace during the forecast period, due to the rising demand of digital content security and management. Increasing digital piracy and thefts of digital content call for content security and management solutions. This factor is driving the global digital rights management market. Furthermore, the adoption of innovative revenue models and introduction of stringent policies and regulations by governments for protection of intellectual property (IP) from unfair usage and illegal competition are also driving the digital rights management market. However, currently, the DRM market is witnessing scarcity of unified DRM solutions. Thus, for complete security, end-users need to opt for multiple DRM solutions, resulting in high initial investments and high after-sales maintenance. Hence, scarcity of unified DRM systems is hindering the market. The market for digital rights management
https://www.transparencymarketresearch.com/digital-rights-management-market.html
s projected to reach value of US$ 9,086.8 Mn by 2026, registering a CAGR of 15.3% during the forecast period.
Digital rights management (DRM) is a technology to protect ownership or copyright of the digital content by limiting what actions an authorized beneficiary may take in regard to the digital content. DRM enables the owner or publisher of the digital content to securely distribute precious content such as periodicals, enterprise-important data, photographs, books, educational material, and videos and to protect the digital content from thefts and piracy. Digital rights management is a software application or technology-enabled solution to control and monitor the unauthorized access of the digital content. DRM supports controlling, monitoring, organizing, and distribution of the digital content, with solutions deployed either on-premise or based on cloud or as a hybrid model. Industries that can benefit from digital rights management software are health care, BFSI, government, media & entertainment, and retail & consumers. Digital rights management is most commonly used in the media & entertainment industry. This is primarily due to high volume of the content generated, its wide online dispersion, and the growing number of media & entertainment companies, which increases the demand for enhanced control over images, videos, and audios from multiple sources.
However, with no typical DRM standard implemented, several DRM leaders have developed and promoted their own solutions. Presently, more than 20 applications are available in the market. If a customer wants to avail services of multiple companies, he/she has to purchase different versions of software and manage all of them separately. This is an inconvenience that could lead to DRM complexity and additional expenditure. Hence, requirement from consumers for a unified DRM solution, which can take care of all platforms of different vendors, is rising. However, lack of availability of such unified solutions is likely to hamper the market during the forecast period.
A key trend in the market is increasing demand for cloud-based solutions. This is because the demand for digital rights management solutions for a specific device and at a specific client location is raising the complexity for vendors. DRM systems need to serve a wide variety of devices popular among consumers. This leads to integrating, operating, and maintaining various DRM systems, resulting in increase in complexities and loss of revenues. However, cloud-based DRM allows the operator to outsource the DRM solution and offload various on-site operations to cloud. It also helps in freeing up valuable resources, which can be allocated to execute other significant tasks.
Cloud-based DRM is essential while tapping opportunities provided by video on demand (VoD), as the storage capacity offered on a mobile device is not sufficient to stream a high-quality video in real time. Cloud services is an efficient way to optimize DRM operations while availing a robust level of service. Transfer of license keys and several security functions from the client device to the server is simplified by using the cloud deployment model. This allows easier management, updates, and support for multiple DRMs, formats, protocols, and evolving business models. Due to these value additions, cloud-based solutions are likely to become popular. This is anticipated to provide substantial growth opportunities to the global DRM market in the near future.
The global digital rights management market has been segmented based on component, deployment model, and end-use. Based on component, the market has been segmented into software and services. The services segment has been sub-segmented into consulting, integration, and operation & maintenance. Based on end-use, the market has been divided into health care, BFSI, government, media & entertainment, retail & consumers, and others.
Among regions, North America is anticipated to witness rise in the consumption of digital media in the next few years. Increasing adoption of IPTV, OTT, and IoT technologies by consumers in the region is likely to boost the digital rights management market in North America in the next few years. The Asia Pacific digital rights management market is anticipated to expand at a higher rate during the forecast period, due to growing digitization in the region and rising demand to secure the digital content. Furthermore, the markets in Europe, Middle East & Africa, and South America are expected to expand significantly during the forecast period.
The digital rights management market is largely characterized by mergers and acquisitions and partnerships. For instance, as a part of its strategy, Vera Security, Inc. partnered with Canon Inc. in February 2018. This partnership would help enterprises to protect their business information and intellectual property from data leaks. Combining of solutions of both companies would allow customers to have access to a secure and trusted workflow platform. Some of the key players profiled in this report on the digital rights management market are Conax AS, Intertrust Technologies Corporation, Adobe Systems Incorporated, Oracle Corporation, Apple Inc., Microsoft Corporation, Locklizard Limited, Vaultize Technologies, Verimatrix, Inc., OpenText Corp., Seclore Technology, Vera Security, Inc., Vitrium Systems Inc., Dell EMC, Fasoo, Inc., Intralinks, Inc., and Nextlabs, Inc..
Media Relations Contact
Rohit Bhisey
AVP Marketing
Telephone: 1-518-618-1030
Email: Click to Email Rohit Bhisey
Web: https://www.transparencymarketresearch.com/
WiMi Hologram Cloud Inc. Announces Closing of $83.8 million Registered Direct Offering.
source
https://finance.yahoo.com/news/wimi-hologram-cloud-inc-announces-201500311.html
Thu, March 25, 2021, 9:15 PM
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it closed a registered direct offering of an aggregate of 11,173,335 units at a purchase price of US$7.50 per unit for a total offering size of approximately US$83.8 million. Each unit consists of one American Depositary Share (the "ADS"), each representing two Class B ordinary shares of the Company, 0.4 warrant to purchase one ADS at an exercise price of US$8.60 per ADS, subject to adjustments. The warrants will be exercisable immediately after the date of issuance (the "Initial Exercise Date") and will expire two years after the Initial Exercise Date.
The Company intends to use the net proceeds from the offering for research and development, strategic acquisitions, and general corporate purposes.
FT Global Capital Inc. and The Benchmark Company, LLC, are acting as Exclusive Placement Agents in connection with the offering. DLA Piper UK LLP acted as the Company's U.S. legal counsel, Schiff Hardin LLP acted as U.S. legal counsel and PacGate Law Group acted as PRC legal counsel for Placement Agents.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Company's securities described above are being offered pursuant to an effective registration statement on Form F-1 (SEC File No. 333-254461), that was previously filed with the Securities and Exchange Commission ("SEC") on March 18, 2021, subsequently amended and declared effective on March 22, 2021, and by means of a prospectus a copy of which has been filed with the SEC and is available on the SEC's website at
https://sec.report/Ticker/wimi
A copy of the final prospectus relating to the offering may be obtained, when available, by contacting FT Global Capital, Inc., via email at info@ftglobalcap.com, or 5 Concourse Parkway, Suite 3000, Atlanta, GA, 30328; or The Benchmark Company, LLC, via email at prospectus@benchmarkcompany.com or at 150 East 58th Street, 17th Floor, New York, New York 10155, United States.
For further details of this transaction, please see the Company's 6-K to be filed with the SEC.
About WIMI Hologram Cloud Inc.
WiMi Hologram Cloud, Inc.(NASDAQ: WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.
For more information, please visit
http://www.wimiar.com/
Contacts
WIMI Hologram Cloud Inc.
Email: pr@wimiar.com
ICR, LLC
Jack Wang
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com
Leading Japanese Developer of Keyless Car Apps Deploys Verimatrix Cybersecurity.
source
http://www.digitaljournal.com/pr/5016871
Mar 24, 2021 16:45
Verimatrix,
https://www.verimatrix.com/
(Paris:VMX) (Euronext Paris: VMX), the leader in powering the modern connected world with people-centered security, today announced that Tokyo-based DNP
https://www.dnp.co.jp/eng/
(TYO: 7912) integrated Verimatrix cybersecurity technology inside its Digital Key Platform for car manufacturers and their associated keyless apps.
Looking to create a foundational level of security and trust between a vehicle, its owner and mobile app, DNP’s secure SDK for customers and partners integrated Verimatrix Whitebox solution
https://www.verimatrix.com/products/whitebox/
to minimize any potential entry points for cybercriminals. Through automated and self-defending security that’s injected directly into apps, Verimatrix arms the 145 year-old company with proven and trusted technology that helps prevent hackers from successfully analyzing and modifying code.
A spokesperson for the IoT Security Department of DNP provided the following comments:
“Through an extensive evaluation process, we determined that Verimatrix Whitebox provides us with the most advanced security and most flexible solution for the protection of our secure SDK’s for keyless car apps. Verimatrix has actively and flexibly supported our project and extensive requirements through the entire process and we’re pleased with their ongoing support during our rollout with our partners.”
Verimatrix’s Whitebox effectively dissolves cryptographic keys into the code itself and obscures algorithms to keep critical applications and data safe – even if a hacker has complete access to the device on which the algorithms are executing.
Whitebox also provides DNP with:
- Strong protection for cryptographic keys.
- Graphical design of their implementation via a GUI tool.
- Local creation of their own secure keys.
- Compliance with stringent code size, performance and security requirements.
“It’s an especially crucial need for apps connected to something as integral as a car to be hardened and secured,” said Asaf Ashkenazi, Chief Operating Officer at Verimatrix. “Whitebox’s lengthy track record of success provides confidence for organizations such as DNP that must meet stringent automaker requirements. DNP’s deployment is one of the latest examples of Verimatrix’s increased presence inside the latest innovations spawned by today’s ultra-connected world. We’re pleased to stand as a forward-thinking leader in efficient, proven cybersecurity technology.”
For more information on Verimatrix’s connected car cybersecurity solutions, visit.
https://www.verimatrix.com/markets/automotive/
About Dai Nippon Printing Co., Ltd (DNP)
DNP is one of the largest comprehensive printing companies in the world. We provide a variety of products and services in a wide range of business fields to consumers and some 30,000 corporate clients in Japan and around the globe. DNP's main strengths are the printing and information technologies that it has cultivated since its founding in 1876. The company has developed many products in which it holds the world's largest market share. In the future, we will continue to create new value by combining our printing and information strengths to contribute to the resolution of problems confronting consumers and society at large.
Visit
https://www.dnp.co.jp/eng/index.html
About Verimatrix
Verimatrix (Euronext Paris: VMX) helps power the modern connected world with security made for people. We protect digital content, applications, and devices with intuitive, people-centered and frictionless security. Leading brands turn to Verimatrix to secure everything from premium movies and live streaming sports, to sensitive financial and healthcare data, to mission-critical mobile applications. We enable the trusted connections our customers depend on to deliver compelling content and experiences to millions of consumers around the world. Verimatrix helps partners get to market faster, scale easily, protect valuable revenue streams, and win new business.
To learn more, visit
https://www.verimatrix.com/
Investor Relations Contact:
Richard Vacher Detournière
General Manager & Chief Financial Officer
+33 (0)4 42 905 905
finance@verimatrix.com
Media Contact:
Matthew Zintel
+1 281 444 1590
matthew.zintel@zintelpr.com
Guangzhou Baiyun Data Innovation Application Competition is heating up! Chinasoft International Innovation Workshop opened as a treasurer for the finalists.
source
http://www.chinasofti.com/news/2161.htm
2021-03-25
The tutor is online to help innovation! On March 23, the highlight of the first Guangzhou Baiyun Data Innovation Application Contest-"Guangzhou Baiyun Data Innovation Workshop Training Camp" opened at the Yunchuanghui·Hong Kong and Macau Youth Entrepreneurship Base. 33 companies, universities/individual participating teams communicated face-to-face with 11 Baiyun District government departments, in-depth exploration of the direction of the competition, matching the needs of the department.
It is reported that the "Innovation Workshop Training Camp" is sponsored by the People's Government of Baiyun District, Guangzhou City, undertaken by the Baiyun District Government Service Data Administration, and jointly organized by Southern Metropolis Daily, ChinaSoft International Design Thinking Workshop, and Yunchuanghui·Hong Kong and Macau Youth Innovation and Entrepreneurship Base . The training camp uses efficient interactive collaboration to focus on the demand side’s business status and pain points, and draws the shortlisted teams to think, discuss, and design feasible solutions together.
Deeply match the needs of the department, and another 1,500 data sets are open.
Since the first Guangzhou Baiyun Data Innovation Application Competition was officially launched on December 21, 2020, it has stimulated the enthusiasm of the whole society to develop and utilize government data, and 50 high-value regional governance solutions have emerged.
At the training camp, Chen Jiayi, deputy director of the Baiyun District Government Service Data Administration, said, “The data innovation workshop is held to help the shortlisted team experience and learn a set of efficient development and innovation methods, and improve the efficiency of subsequent implementation of the plan. And help the team to in-depth excavate, define, and match the actual needs of various business departments in Baiyun District, improve solution ideas based on needs, and improve the quality of works."
In order to inspire the participating teams to further develop their data thinking and inspiration, in addition to the 1,200 datasets open in Baiyun District, the Guangzhou Municipal Services Data Administration also provided more than 1,500 open datasets through the Guangzhou Municipal Government Data Unified Open Platform. The team can apply for acquisition according to the needs of the work.
11 departments to resolve doubts, stimulate thinking and improve the plan.
A total of 33 participating teams participated in the "Guangzhou Baiyun Data Innovation Workshop Training Camp", including 28 corporate teams and 5 college/individual teams. The demand side of the competition's works-education, public security, ecological environment, emergency management, water affairs, sanitation and health, urban management, market supervision, housing construction, meteorology and other relevant responsible persons of 11 Baiyun District business departments also came to the scene, The team clarified doubts.
Wang Yusong, an instructor of the innovation workshop training camp and an innovation consulting expert from ChinaSoft International, said that in the past, when companies did their own projects or research, they often did not see the situation of competitors or the real demand of the market. In the workshop training camp, companies can find shortcomings, make up for shortcomings, directly address the direct needs of users, and develop products with purpose and accuracy.
"Baiyun District is willing to open up government data in depth, so that companies with smart data like us have very high expectations." Bao Yu, representative of Fang Jianshu of the corporate team participating in the training camp, said that what companies expect is to use data elements. Therefore, at the level of urban governance, an open data ecology allows cities to converge infinite possibilities in the process of digital development.
At the training camp, Tan Kangye from the Department of Decision Science of Macau University of Science and Technology, a representative of the university team, brought the work "Study on Location Selection of LTL Express Enterprise City Networks Based on Improved Immune Optimization Algorithm". In the direction of diversification, Baiyun District is also focusing on the development of smart logistics. This competition is to follow the trend and provide a logistics solution for Baiyun District. Tan Kangye, who is still in graduate school, said that this innovation workshop is a way to test his own knowledge and achievements, and it is also a demonstration platform for his own experimental ability. While promoting communication between contestants, it also provides some design ideas for contestants to stimulate new thinking to improve the plan.
Venture Capital Observation Group's on-site treasure hunt, excellent works will receive financial support.
It is worth mentioning that using this innovative workshop training camp, the competition also opened up channels for high-value regional data governance solutions, introduced financial support, and facilitated the promotion and implementation. At the training camp, the competition's innovative investment partners, Guangzhou Baiyun Financial Holding Group Co., Ltd., Guotai Junan Securities Co., Ltd. Guangdong Branch, Guangzhou Lifeng Venture Capital Management Co., Ltd. and other venture capital observation groups also came to the scene and paid attention to the participating teams' works throughout the process. , Find the treasure program.
At present, Baiyun District has a strong atmosphere for innovation and entrepreneurship, and support for innovation and entrepreneurship for youth is gradually increasing. The co-organizer of the training camp-Yunchuanghui·Hong Kong and Macau Youth Innovation and Entrepreneurship Base Director Meng Dan Xiang Nandu reporter said that many of the participating teams are actually college students and some immature teams. , Especially for companies and teams from Hong Kong, Macau and Taiwan. The base will provide office space, housing, industrial platforms and other support, as well as financial support. At the same time, if the start-up team needs to connect with relevant supply chain companies in the area, the base can also provide related resources.
It is reported that the organizers of the Guangzhou Baiyun Data Innovation Application Competition will continue to help outstanding teams connect with venture capital support and help incubation. At the same time, through in-depth visits to participating teams and initiating online voting, the outstanding works were seen by more “Bo Le”. In mid-to-late April, the contest will hold a road show of works to select the winning works.
The organizers of the competition expressed that they hope to use the competition to incubate more data application products, provide suggestions for the construction of smart Baiyun and the governance process of Baiyun city, and promote the development of the ecological chain of Baiyun data industry and build a digital economy ecosystem.
VR/AR is listed as a key development industry in the construction of Digital China, WiMi Hologram leads the ecological development of the 5G holographic cloud industry chain.
source
https://finance.sina.com.cn/stock/relnews/us/2021-03-25/doc-ikknscsk1273569.shtml
At 14:18 on March 25th, 2021 firewood network
On March 15th, the much-anticipated "14th Five-Year Plan" and the draft of the 2035 long-term goal outline were announced. The draft plan outlines from creating advantages in the digital economy, accelerating the pace of digital society construction, improving the level of digital government construction, and creating a good digital ecology. Start from many aspects and map out the construction route of Digital China in the next five years.
At the same time, the draft planning outline clarifies the development goals for the next five years, and delineates the seven major industries that will be the key development of the digital economy in the future, VR/AR (virtual reality/augmented reality) and cloud computing, big data, Internet of Things, industrial Internet, and districts. Blockchain and artificial intelligence are among them.
The virtual reality and augmented reality industry will involve:
The promotion of technological innovations such as three-dimensional graphics generation, dynamic environment modeling, real-time motion capture and fast rendering processing, the development of virtual reality machines, perception interaction, content collection and production and other equipment and development tools software, industry solutions Program.
In addition, the "14th Five-Year Plan" outlines virtual reality and augmented reality industries as key industries in the digital economy in the next five years, giving the industry a new historical mission, and is expected to accelerate the development of related industrial chains.
The rise of VR/AR technology, building a digital China
As an applied computer technology, VR/AR has been emerging in my country since 2015. It is one of the digital industries that my country has developed vigorously in recent years. During the 14th Five-Year Plan period, with the construction of digital China, the VR/AR industry will welcome To the critical period of development.
In the early stage of the development of my country's VR/AR industry, wearables were the main focus, and content output was aimed at life and entertainment. Since 2017, the VR/AR industry has been in a downturn. In 2019, my country has continuously issued relevant policies to promote the development of the VR/AR industry. In 2020, the public's awareness of the VR/AR industry will be further deepened. In addition to entertainment products, commercialized products brought by VR/AR technology, such as VR viewing rooms and cloud exhibition halls, have gradually become habits in social life.
Since 2020, the C-end field facing the VR/AR industry has expanded into the B-end market, and the commercial application of technology will penetrate into marketing, display, production and other aspects. At present, in real estate, education, retail, manufacturing, cultural tourism and other fields, the implementation of VR/AR technology has become the norm.
According to statistics, in the first half of 2020, there will be 1297 new VR/AR companies in my country, and the market is expected to exceed 100 billion. VR/AR and 5G technology are inseparable. From 2015 to 2016, VR/AR became a hot spot in consumer electronics, but soon the development of VR/AR encountered difficulties. Bandwidth and delay factors have led to pain points such as poor interactive experience, poor terminal mobility, low resolution and refresh rate, which have always been the biggest shortcomings to contain the development of the industry. The large bandwidth and low latency of 5G networks will focus on solving these problems. The large bandwidth characteristics of 5G provide high-speed networks, which can render cloud content and solve computing pressure; on the other hand, the low-latency characteristics will solve the dizziness after wearing glasses.
The development of virtual reality technology is divided into the following five stages.
Different development stages correspond to the corresponding experience levels. It is currently in the partial immersion stage, mainly manifested in 1.5K-2K monocular resolution, 100-120 degree field of view, 100M bit rate, 20 Technical indicators such as millisecond MTP delay, 4K/90 frame rate rendering processing capability, internal-outward tracking and positioning, and immersive sound. Part of the immersion stage has achieved greater breakthroughs than the previous primary immersion stage, and it is expected to be reflected in the latest terminal products this year and next.
5G has achieved significant improvements in experience, performance, and cost of virtual reality technology, including head motion response time delay (MTP), rendering capabilities, display capabilities, usage mobility, market size, and cost efficiency. Will accelerate the VR/AR industry to enter the deep immersion stage.
In the 5G era, high-speed and low-latency transmission characteristics are expected to significantly improve the user experience of VR/AR products. Current VR/AR products generally have problems such as motion tracking delay, low resolution, and dizziness. The main reason is that the existing various communication technologies cannot reach the high speed (Gbit/s level) of VR/AR products. , Low-latency (7-15ms) data transmission requirements, although some VR/AR products use wired network connections to improve data transmission problems, but at the expense of product user experience. With the advent of 5G, the peak rate of wireless communication technology has increased to the order of 20Gbit/s, and the delay can theoretically be reduced to 1ms. User experience, thereby promoting the maturity and development of the VR/AR market.
5G+ cloud rendering greatly improves the display effect of VR/AR applications, reduces hardware costs, and helps popularize VR/AR. In traditional VR/AR applications, limited by CPU and GPU computing power, the image rendering resolution of VR/AR terminals is only 2K4K, and the frame rate is generally 30fps-60fps. Under 5G networks, VR/AR can achieve cloud rendering. , Relying on the powerful data storage and high-speed computing capabilities of the cloud, VR/AR image rendering can reach 8K resolution and achieve 120fps frame rate. According to Nokia's calculations, through 5G network + cloud GPU cluster processing, its computing power can reach traditional 4G Ten times the magnitude of the solution, it can greatly improve the display effect and immersive experience of VR/AR applications, and it also helps reduce the current VR/AR terminals' dependence on high-performance CPUs and GPUs, thereby reducing hardware costs and promoting VR/AR applications. The popularity of AR products.
5G promotes the rapid development of VR/AR, and industry chain companies usher in major investment opportunities.
At present, the VR/AR industry chain has been initially formed. Among them, the hardware part of the upstream of the VR industry chain mainly includes optical lenses, display panels, chips (main control chips and sensors), etc., and the software part includes system platforms (operating systems, APIs and APPs). ), information processing tools (3D modeling and image rendering); the hardware part of the midstream includes display modules and machine manufacturing, and the software part includes the development of functions such as motion capture, eye tracking and voice processing; the downstream is VR applications, Including various VR terminal products, VR content for technology/games/videos, and VR platform distribution services.
The holographic AR black technology is so brilliant, that I have to mention WiMi, the representative of this domestic holographic company. According to reports, WiMi Hologram was established in 2015, Nasdaq stock code: WiMi. WiMi Hologram focuses on holographic cloud services, mainly focusing on vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and other professional fields, covering from holographic car AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. It is a holographic cloud integrated technology solution provider .
The holographic AR industry value chain consists of three main parts. The upstream part refers to the key hardware, software, services and providers and participants related to content production. Midstream participants are providers of holographic AR solutions, integrating upstream hardware and software systems to form final products or solutions, such as holographic AR advertising platforms and head-mounted displays. Downstream refers to end users, including governments, enterprises and household/individual consumers.
The business models of upstream participants in the holographic AR market are different. While hardware, software, and service providers focus on R&D to further improve their core technologies and reduce production costs, holographic AR device integrators and content creators must also identify target users, build brand reputation and enhance user experience. It is common for some holographic AR equipment integrators to have strong internal research capabilities and to play a role in the upstream and midstream markets.
WiMi Hologram currently participates in the upstream part, including developing software, providing content production technology and creating and distributing content and the midstream part, that is, providing holographic AR solutions.
Compared with domestic counterparts, WiMi has established a comprehensive holographic AR content library. The format of holographic AR content covers from 3D models to holographic short videos. According to Frost&Sullivan data, WiMi has established a comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. In terms of revenue, the number of customers, the number of holographic AR content, holographic AR patents and software copyrights in 2018, WiMi is a leader in China's holographic AR industry. In 2018, WiMi Hologram Cloud owned approximately 4654 AR holographic contents, 106 software copyrights and 219 technical patents. WiMi Hologram Cloud is committed to using holographic technology to meet the entertainment and business needs of customers and end users.
WiMi Hologram has the world's leading 3D computer vision technology and SAAS platform technology. WiMi Hologram uses AI algorithms to turn ordinary images into holographic 3D content, which is widely used in holographic advertising, holographic entertainment, holographic education, holographic communication and other fields. WiMi Hologram has core technologies such as holographic face recognition, holographic face change, and holographic digital life, and is seeking market cooperation and investment opportunities on a global scale. In the future, WiMi Hologram Cloud will expand the holographic ecology in the international market and aspire to become a leader in the global holographic cloud industry.
AR is expected to become the next-generation general-purpose computing platform after PCs and smartphones.
PCs and smart phones are the mainstream general computing platforms in their respective eras. In the Internet era, the informatization process in the fields of technology, business, education and media has gradually deepened, and the PC has become the first general-purpose computing platform in the consumer electronics market by virtue of its powerful computing capabilities, empowering many industrial fields and application scenarios.
In the mobile Internet era, smart phones have not only undertaken part of the traditional Internet applications based on PC, but also have derived a richer mobile Internet application form, which has become the most current mobile Internet application with more natural interaction and more flexible application methods. Representative general-purpose computing platform.
In the future era of Internet of Everything, AR has outstanding potential to become the next-generation general-purpose computing platform. First of all, relying on the help of 5G and cloud computing technologies, AR can realize terminal cloud parallel computing, and further improve product computing power; at the same time, with the help of eye tracking, gesture control and other technologies, AR's interaction method will be better than that of smartphones. With further improvement, the user experience will be more natural and friendly; in addition, AR applications are expected to break through the limitations of smartphone screens, realize the integration of the digital world and the physical world, and further promote the application innovation of AR in vertical fields such as technology, business, education, and media. , The future development space is very broad.
Capstone Companies Announces Year End 2020 Financial Results and Conference Call.
source
https://finance.yahoo.com/news/capstone-companies-announces-end-2020-160000063.html
Wed, March 24, 2021, 5:00 PM
Capstone Companies, Inc. (OTC: CAPC) ("Capstone" or the "Company"), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology announced today that it will release its Year-End 2020 financial results after the close of financial markets on Wednesday, March 31, 2021.
The Company will host a conference call and webcast, in which President and Chief Executive Officer Stewart Wallach and Chief Financial Officer Gerry McClinton will review the Company’s financial results, as well as the Company’s strategy and outlook, followed by a question-and-answer session.
Year End 2020 Financial Results Conference Call
Thursday, April 1, 2021
10:30 a.m. Eastern Time
Phone: (201) 689-8562
Internet webcast link available at:
https://capstonecompaniesinc.com/
A telephonic replay will be available from 1:30 p.m. ET the day of the call until Thursday, April 8, 2021. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13716774. Alternatively, the archive of the webcast will be available on the Company’s website at https://capstonecompaniesinc.com/, along with a transcript once available.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that engages, through its wholly owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing and marketing of consumer products to retail channels throughout North America and certain international markets.
Contacts
Aimee C. Brown
Corporate Secretary
(954) 252-3440, ext. 313
Lidar accelerates the commercialization of autonomous driving, and technology companies such as WiMi Hologram enter new frontiers in the field of autonomous driving.
source
https://finance.sina.com.cn/stock/relnews/us/2021-03-24/doc-ikkntiam7390614.shtml
At 10:47 on March 24, 2021 firewood network
With the global explosion of the new energy vehicle market, more and more manufacturers have begun to launch smart electric vehicles. Recently, it has been discovered that lidar has become almost the "standard configuration" of the upcoming smart electric vehicles, but Tesla believes that only fools use lidar.
First of all, from the perspective of the domestic new energy vehicle market, 2021 will be the first year of lidar on-board. Car companies such as Xiaopeng Motors and Weilai have announced that they will launch mass production models equipped with lidar this year. Honda, Toyota Lexus, and Great Wall have all stated that they will mass produce lidar vehicles in 2021. Although the commercialization of lidar has started as early as 2000, it has not been until recent years that lidar has entered a stage of rapid development with the electrification, intelligence, and driving of the automotive industry.
What is lidar? The biggest advantage of lidar over other autonomous driving sensors is actually the ability to accurately model the surrounding environment in 3D. Millimeter-wave radar can measure distances at high speeds, cameras can identify lane lines, speed limit signs, etc., ultrasonic radars have too short a practical detection range and are only suitable for low-speed parking, while lidars can accurately identify targets and detect dynamic obstacles. Tracking is not available in other sensors.
LiDAR is an active measuring device that emits laser light to measure the precise distance between an object and a sensor. It allows the vehicle to more accurately perceive the surrounding environment. It is widely regarded as advanced assisted driving (ADAS, L3 level) and no An essential component for human-driving (L4l5) autonomous vehicles, it belongs to the "eyes of intelligent driving".
According to the difference in technical architecture, lidars are mainly divided into three categories: mechanical lidars that rotate as a whole, semi-solid lidars with stationary transceiver modules, and solid-state lidars. Among them, the mechanical rotary lidar developed the earliest, and the current technology is relatively mature. However, due to the complexity of its system structure, it is difficult to mass produce because of its high cost.
Sullivan's research data shows that driven by factors such as the expansion of the unmanned fleet and the increase in the penetration rate of advanced assisted driving, the global market size of lidar will reach 13.54 billion U.S. dollars by 2025, which is 64.5% of the year in 2019. Average compound growth rate.
As the cost gradually enters the acceptable range of the consumer market, more and more car companies plan to install lidar on new mid-to-high-end models, and the automotive-grade lidar is about to usher in an inflection point of industrialization.
As early as 2010, Valeo, the world's top ten auto parts and system integration supplier, cooperated with the German lidar company Ibeo to develop the car-regulated lidar SCALA, and then achieved mass production in 2017. It has been successfully installed in Audi. The flagship model Audi A8.
In addition, domestic and foreign car companies such as Audi, Mercedes-Benz, Weilai, Xiaopeng, Volvo, Great Wall, etc. have also started Lidar testing.
Research data shows that in 2025, there will be 6 million new cars equipped with lidar in the world, and the penetration rate of L3 autonomous driving in passenger cars will reach 6%. According to Sullivan's estimates, the market size of automotive-grade lidar will reach US$4.61 billion in 2025, with a compound growth rate of 83.7% from 2019 to 2025.
Obviously, the importance of being able to quickly seize the strategic high ground of the car-level market is self-evident, and this is also one of the important reasons why many Lidar manufacturers at home and abroad are vying to be listed first.
Therefore, with the lidar blessing, the self-driving vehicle is probably like a nearsighted person who has obtained a pair of glasses that are more suitable for him. Therefore, in the domestic new energy vehicle market, major car companies have stated that lidar will become a necessity for autonomous driving.
In this lidar competition, the current appearance of Huawei has made the market frenzy. At present, with the arrival of the turning point in the commercialization of lidar, especially the huge prospects of car-level products, global technology giants such as Huawei, Intel, and WiMi Hologram have begun to enter this track, and industry competition may further intensify.
As a global AI visual holographic AR representative company, Weibo and other institutions with a strategic investment of 61.58 million U.S. dollars, WiMi Hologram seems to be catching up in the field of lidar. Since it announced that it has obtained a 3D holographic pulse laser processing device for optical holography After the patent, many industry application customers showed strong market demand, so WiMi Hologram decided to develop the 3D holographic pulse laser radar product "WiMi HoloPulse LiDAR" to further expand the company's holographic product portfolio matrix.
WiMi HoloPulse LiDAR is a multifunctional holographic pulse 3D solid-state lidar. The goal is to reach a long detection distance of more than 200m, and it can capture high-resolution 3D holographic images. LiDAR uses MEMS (Micro Electro Mechanical System) micro galvanometer to provide high resolution, long detection range and wide field of view. Through dynamic control, LiDAR can flexibly adjust the vertical resolution and frame rate, for example, allowing dynamic definition of the focus area. LiDAR uses solid-state silicon detectors, which can reliably detect weak reflections of distant objects and strong reflections of close objects. Digital signal processing is to determine the precise position in the three-dimensional space through filtering, correlation and statistical analysis. The point cloud generated by the LiDAR sensor can map the sensor environment in 3D. A single point cloud can be composed of tens of thousands of distance points (single distance measurement), which contains holographic data of 3D original environment information. The software stack extracts a lot of abstract information from the holographic data, transmits commands to the actuator through deep neural network control, and presents 3D holographic data.
The WiMi HoloPulse LiDAR LiDAR solution provides software development kits that match the hardware products, including target detection, classification and counting functions. Combined with software recognition algorithms, it can provide solutions for many fields (autonomous driving, environment perception, 3D holographic imaging, advanced driver assistance systems (ADAS), traffic management, 3D printing, etc.), and quickly expand the application market of holographic technology.
Public information shows that WiMi focuses on holographic cloud services, mainly in vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and other professional fields. Covers multiple links from holographic AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. Holographic cloud comprehensive technical solution provider.
However, although the entry of technology giants will intensify industry competition, it will also accelerate the commercialization of lidar to a certain extent. As long as the cost is further compressed to a range that is fully acceptable in the consumer market, Lidar will no longer be a tasteless in Musk's eyes, and will also promote the true landing of unmanned driving technology.
WiMi Hologram Cloud Inc. Announces Pricing of $83.8 million Registered Direct Offering.
source
https://finance.yahoo.com/news/wimi-hologram-cloud-inc-announces-131500494.html
March 23, 2021
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it entered into securities purchase agreements with certain institutional investors in connection with a registered direct offering of an aggregate of 11,173,335 units at a purchase price of US$7.50 per unit for a total offering size of approximately US$83.8 million. Each unit consists of one American Depositary Shares (the "ADSs"), each representing two Class B ordinary shares of the Company, and 0.4 warrant to purchase one ADS at an exercise price of US$8.60 per ADS, subject to adjustments. The warrants will be exercisable immediately after the date of issuance (the "Initial Exercise Date") and will expire two years after the Initial Exercise Date.
The closing of the offering is expected to take place on or about March 25, 2021, subject to the satisfaction of customary closing conditions.
FT Global Capital Inc. and The Benchmark Company, LLC, are acting as Exclusive Placement Agents in connection with the offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Company's securities described above are being offered pursuant to an effective registration statement on Form F-1 (SEC File No. 333-254461), that was previously filed with the Securities and Exchange Commission ("SEC") on March 18, 2021, subsequently amended and declared effective on March 22, 2021, and by means of a prospectus a copy of which has been filed with the SEC and is available on the SEC's website at www.sec.gov. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting The Benchmark Company, LLC, via email at prospectus@benchmarkcompany.com or at 150 East 58th Street, 17th Floor, New York, New York 10155, United States.
For further details of this transaction, please see the Company's 6-K to be filed with the SEC.
https://sec.report/Document/0001213900-21-017103/
About WIMI Hologram Cloud Inc.
WiMi Hologram Cloud, Inc.(NASDAQ: WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.
For more information, please visit
http://www.wimiar.com/
Contacts
WIMI Hologram Cloud Inc.
Email: pr@wimiar.com
ICR, LLC
Jack Wang
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com
CloudMD Announces Closing of IDYA4 Acquisition and North American roll out of Substance Use Disorder Platform to Address Growing Addiction Crisis.
source
http://www.digitaljournal.com/pr/5014543
March 23, 2021
- The COVID-19 pandemic has resulted in a significant increase in substance use across North America.
- IDYA4’s Real Time Intervention Platform for Substance Use Disorder is used across 38 states in the United States.
- The platform shares information within the bounds of policies and laws like The Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), and the Criminal Justice Information Sharing (“CJIS Policy”) to view individual's historical data to help them get the right treatment.
- Provides real time analysis on the needs of the individuals to ensure successful rehabilitation.
- The platform enables access to healthcare data for the successful treatment and rehabilitation in compliance with the Office of the National Coordinator for Health Information Technology’s (“ONC”) interoperability rule.
- CloudMD is focused on expanding the platform further across the United States and in Canada.
CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH), a healthcare technology company revolutionizing the delivery of care, is pleased to announce that it has closed the acquisition of IDYA4, a leading health technology company focused on data interoperability and cybersecurity based in the United States.
Built on over 20 years of experience, the IDYA4 team has been at the forefront of the development of information sharing and interoperability solutions across all 50 states for clients including the US Department of Justice, the US Department of Homeland Security, US Health and Human Services, and National Intelligence.
IDYA4 is the technology backbone of CloudMD’s integration of its healthcare solutions providing one, digitally connected, patient-focused platform. Initial stages of the integration are well underway and IDYA4 is already integrated with Snapclarity, Livecare and iMD Health. The Company will be deploying a fully unified product offering to partners and enterprise clients within the next few months. The combined technology will also be valuable as CloudMD continues to emphasize patient engagement through connected technology, healthcare portals, telehealth applications, and wearable devices.
Real Time Intervention Platform for Substance Use Disorder.
Upon closing of the acquisition, the Company can now focus on the continued expansion of IDYA4’s Real Time Intervention Platform (“RTIP”) for Substance Use Disorder (“SUD”) across North America to help and support the growing addiction crisis.
The COVID-19 pandemic has affected communities across North America and the number of Substance Use Disorders is on a rise resulting in fatal overdoses. Over 81,000 drug overdose deaths occurred in the United States in the 12 months ending in May 2020, the highest number of overdose deaths ever recorded in a 12-month period according to recent provisional data from the Centers for Disease Control and Prevention (“CDC”).
https://www.cdc.gov/media/releases/2020/p1218-overdose-deaths-covid-19.html
Canada is facing similar challenges where between April and June 2020, there were over 1,628 opioid toxicity-related deaths, resulting in a startling 54% increase from the year before. Nearly 97% of these deaths were found to be accidental.
https://thefulcrum.ca/features/the-epidemic-within-a-pandemic-opioid-overdoses-continue-to-make-an-impact-during-covid-19/
In mid-August 2020, the CDC revealed the results of a survey conducted in late June 2020 that opens a window into just how serious the psychological and emotional impact of the Coronavirus pandemic is for Americans. The survey shows that reports of anxiety disorder symptoms were about three times those reported in the second quarter of 2019 (25.5% versus 8.1%), and depressive disorder was about four times that reported in Q2 2019 (24.3% versus 6.5%). CDC also said 13.3% of respondents reported starting or increasing substance abuse (including drugs and alcohol). In addition, more than twice as many respondents reported serious consideration of suicide in the previous 30 days than did adults in the US in 2018, referring to the previous 12 months (10.7% versus 4.3%).
The RTIP for SUD is an innovative, health data integration and security technology solution leveraging various information sharing standards and is already operational across 38 states and local agencies to address the opioids crisis. Some of these agencies include Bergen County Prosecutors Office, New Jersey, Passaic County Prosecutors Office New Jersey, and the Executive office Public Safety and Security at Commonwealth of Massachusetts.
These state level agencies have received funding from the US Department of Justice, CDC, Center for Medicaid Services (“CMS”) and the Office of the National Coordinator for Health Information Technology (“ONC”) to implement RTIP in keeping their communities healthier and safer. The Company plans on expanding and scaling the platform further across the United States and in Canada.
RTIP for SUD enables broader collaboration among behavioral health, human services, and justice professionals to share information within the bounds of policies and laws like The Health Insurance Portability and Accountability Act of 1996 (HIPAA), Criminal Justice Information Sharing and the ONC’s Interoperability Rule to enable access to patient health data and to view individual's historical data to help them get the right treatment and services for successful rehabilitation process. The platform provides real time analysis on the needs of the individuals to ensure successful rehabilitation.
Dr. Amit Mathur, President of CloudMD, “We are very excited to close the acquisition of IDYA4 as it provides us with the technology backbone for our integrated health services platform which connects all our healthtech solutions into one seamless experience. Equally exciting is our ability to scale across North America with programs like the Substance Use Disorder platform and already established partnerships at the highest level of Government agencies. We will use the RTIP platform to provide similar solutions in Canada to assist in addressing the enormous issue of opioid and substance use made even worse as a result of the COVID-19 pandemic.”
IDYA4 generated approximately US$4.4 million in revenues with earnings before interest, taxes, depreciation and amortization (“EBITDA”) margins exceeding 31% over the 12-month period ending December 31, 2020. Since announcing the binding agreement in December 2020, IDYA4 has launched a number of national programs and closed various new contracts that will generate US$1.5 million.
From IDYA4’s currently commercialized products, the Company expects IDYA4 to achieve an annual pro forma revenue growth rate greater than 45%, calculated based on expected revenue from currently committed and high probability contracts forecasted to generate annual gross revenue greater than US$6 million and US$8.5 million in calendar years 2021 and 2022, respectively. A total of 30 per cent of the total consideration for the acquisition amounting to $4.44-million (U.S.) is based on two performance-based earnouts, 15 per cent each, that are contingent on meeting these forecasted revenue targets.
Terms of Agreement
In consideration for the purchase of 100% of the issued and outstanding IDYA4 securities, CloudMD has paid US$14.8 million as follows: (i) US$3.7 million in cash, subject to a working capital adjustment; (ii) US$6.66 million in common shares of the Company; and (iii) a performance based earnout. See press release dated December 17, 2020 for full terms.
About IDYA4
IDYA4 is a health data integration and a data security company working to transform businesses through improved data management, security and integration, as well as protection against today’s ever-changing cyber threats. IDYA4 works to achieve the best possible outcomes for its clients while striving to build safer and healthier communities worldwide.
For more information visit
https://idya4.com/
About CloudMD Software & Services
CloudMD is digitizing the delivery of healthcare by providing a patient centric approach, with an emphasis on continuity of care. The Company offers SaaS-based health technology solutions to healthcare providers across North America and has developed proprietary technology that delivers quality healthcare through a holistic offering including hybrid primary care clinics, specialist care, telemedicine, mental health support, educational resources and artificial intelligence (AI). CloudMD currently services a combined ecosystem of over 7,000 psychiatrists, approximately 4,500 therapists and counsellors, approximately 4,000 psychologists, over 22,000 family physicians, over 34,000 medical specialists, over 1,500 allied health professionals, over 500 clinics, and 8 million patient charts across North America. CloudMD’s Enterprise Health Solutions Division includes one of the top 4 Employee Assistance Programs in Canada and offers one comprehensive, digitally connected platform for corporations, insurers and advisors to better manage the health and wellness of their employees and customers.
For more information visit:
https://cloudmd.ca/
ON BEHALF OF THE BOARD OF DIRECTORS
“Dr. Essam Hamza, MD"
Chief Executive Officer
FOR ADDITIONAL INFORMATION CONTACT:
Julia Becker
VP, Investor Relations
julia@cloudmd.ca
DIT Group announced positive profit alert and expected over 40% growth in profit after tax.
source
http://dit.aconnect.com.hk/document/press/pressEN_20210218.pdf
18 February 2021
DIT Group Limited (“DIT” or the “Group”, SEHK stock code: 726), an innovative high-tech company specializing businesses in the whole value chain of prefabricated construction in the People’s Republic of China (“PRC”), is pleased to inform the shareholders (the ‘‘Shareholders’’) and potential investors of the Group that, based on a preliminary assessment and review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020, the Group expected over 40% growth in profit after tax to approximately HK$160.0 million during the year. This was primarily attributed to an increase of revenue of over 58% to approximately HK$1,105.7 million for the year ended 31 December 2020 as compared to the revenue for the year ended 31 December 2019; along with an increase of gross profit margin of prefabricated construction components and units from approximately 24.0% in 2019 to approximately 29.5% in 2020; and an increase of approximately 157.4% to approximately HK$93.7 million in the revenue generated from technology licensing and consultancy business.
DIT Group’s chief executive officer and executive director Guo Weiqiang said, “The Group quickly prepared itself as ‘wartime status’ to fight against the sudden Pandemic in 2020, thus showing a good momentum of development. The Group has been forging ahead with its business development and growing rapidly since it joined the family of the CCRE Group. It has been producing encouraging results.”
Guo continued,“The Group’s operating results grew rapidly in 2020, in which the full-year production volume of prefabricated construction components increased by 66% and sales volume rose by 72%, respectively, year-on-year. Also, the Group is now focusing on the development of asset-light strategy, which includes providing landscaping and interior decoration services. Meanwhile, the Group successfully established five green construction industrial parks, as well as completed and put six green construction industrial parks into production in 2020. Furthermore, the Group signed strategic cooperation agreements with a number of renowned enterprises in 2020, including JD.com Group, Jinke Property Group, Sunriver Holdings Group and Jujiang Construction Group, etc. The collaborations with the well-established companies have resulted in synergies which allow the Group to further expand its business and build up its business presence nationwide. This has also enhanced the Group’s capabilities of running businesses across the whole value chain of prefabricated construction and provided a stable source of orders for this year.”
“DIT Group is committed to becoming a leading solution provider for smart buildings. In 2020, the Group announced its new ‘Intelligent Construction of Home’ strategy, which aims at creating an innovative model of running businesses in the whole value chain of prefabricated industry with synergy. The Group devotes itself to technological innovation along the whole value chain in such businesses as construction of smart residential buildings and promoting the development of the prefabricated construction industry. Also, the Group has always adhered to the development strategy of ‘leading in technology’, we have the world-leading six core technology systems in the industry, and mastered core technologies such as BIM, Internet of Things, big data, and artificial intelligence in the field of smart buildings. Meanwhile, the Group also has more than 1,700 patents of various types, and the number of patents has been ranked first in the domestic industry for five consecutive years.”
“Looking ahead, the Company will uphold the mission of ‘creating a promising life with intelligence’. Supported by total gross floor areas sold and properties delivered by Central China Real Estate and Central China Management, which ranked top 10 in the PRC, along with over 100 million square meters of decoration opportunities from Central China New Life, the Group will be initiating newly developed digitalized business platforms, achieving new growth in the future.”, Guo concluded.
The Group is still in the process of preparing and finalizing the consolidated annual results of the Group for the year ended 31 December 2020. and such results are subject to audit by the Company’s auditor and review by audit committee of the Company. The annual results announcement of the Company for the year ended 31 December 2020 is expected to be published by the end of March 2021.
About DIT Group Limited
Headquartered in Changsha and Zhengzhou China, DIT Group Limited is an innovative high-tech enterprise that specializes in businesses throughout the entire value chain of prefabricated construction (PC). The company is listed on the main board of the Stock Exchange of Hong Kong Limited (stock code: 726.HK), and is also the first listed company in China’s PC industry. The Group promotes the modernization of construction industry, and its businesses cover the entire value chain of the PC industry, including R&D, PC components manufacturing, franchise and consultation of PC plants, and manufacturing of intelligent PC equipment. The Group has already set up several smart PC equipment plants nationwide. It runs fifteen self-operated PC plants and several plants owned and operated by franchisees. By adopting the world’s first business model of combining engineering, manufacture, procurement and construction (EMPC), which is created by Drawin Group, DIT Group has been widely recognized by its clients for its technology and products. DIT Group has green construction industrial parks in over 45 cities in 22 provinces nationwide, providing service for projects under construction with a total site area of 6 million square meters in China.
For further information, please contact:
DIT Group Limited
Ms. Vanessa Sun
Senior Investor Relations Manager
Email: vanessa.sun@cmdrawin.com
iPR Ogilvy Limited
Tina Law / Shana Li
Tel: (852) 2136 6181 / 3920 7649
Email: dit@iprogilvy.com
DIT Group receives "Best Industrial Manufacturing Company" award Strive to become a leading solution provider for smart buildings.
source
http://dit.aconnect.com.hk/document/press/pressEN_20210108.pdf
7 January 2021
DIT Group Limited (“DIT” or the “Group”, SEHK stock code: 726), an innovative high-tech company specializing businesses in the whole value chain of prefabricated construction in the People’s Republic of China (“PRC”), is pleased to announce that the Group has received the "Best Industrial Manufacturing Company" award in the fifth "Golden Hong Kong Stocks Awards", highlighting the recognition from the market of the Group’s achievements.
The fifth "Golden Hong Kong Stocks Awards" is jointly organized by the renowned mainland stock information websites zhitongcaijing.com and 10jqka.com. The "Best Industrial Manufacturing Company" aims to commend a Hong Kong-listed industrial manufacturing company that has a healthy corporate governance, a prominent industry position and a sound core business, and can provide investors with continuous and stable returns. DIT Group won the "Best Industrial Manufacturing Company" award, reflecting the acknowledgement from industry stakeholders and investors in the sector. The professional judging panel of the awards evaluates the competing companies according to their business development, industry status, corporate governance, business model, market influence and capital market performance during the past year. Final winners of the awards are chosen with corresponding weighting of votes from the public.
DIT Group’s chief executive officer and executive director Guo Weiqiang said, “DIT Group is honored to be awarded the ‘Best Industrial Manufacturing Company’ award, it is a recognition of the Group by the professional sector, which is indeed a great encouragement. The Group has always adhered to the development strategy of ‘leading in technology’, we have the world-leading six core technology systems in the industry, and mastered core technologies such as BIM, Internet of Things, big data, and artificial intelligence in the field of smart buildings. Meanwhile, the Group also has more than 1,700 patents of various types, and the number of patents has been ranked first in the domestic industry for five consecutive years. Looking ahead, our business will cover design, prefabricated construction smart manufacturing, landscaping services and decoration, serving the entire life cycle of prefabricated construction, and strive to become a leading solution provider for smart buildings.”
About DIT Group Limited
Headquartered in Changsha and Zhengzhou China, DIT Group Limited is an innovative high-tech enterprise that specializes in businesses throughout the entire value chain of prefabricated construction (PC). The company is listed on the main board of the Stock Exchange of Hong Kong Limited (stock code: 726.HK), and is also the first listed company in China’s PC industry. The Group promotes the modernization of construction industry, and its businesses cover the entire value chain of the PC industry, including R&D, PC components manufacturing, franchise and consultation of PC plants, and manufacturing of intelligent PC equipment. The Group has already set up several smart PC equipment plants nationwide. It runs fifteen self-operated PC plants and several plants owned and operated by franchisees. By adopting the world’s first business model of combining engineering, manufacture, procurement and construction (EMPC), which is created by Drawin Group, DIT Group has been widely recognized by its clients for its technology and products. DIT Group has green construction industrial parks in over 45 cities in 22 provinces nationwide, providing service for projects under construction with a total site area of 6 million square meters in China.
For further information, please contact:
DIT Group Limited
Ms. Vanessa Sun
Senior Investor Relations Manager
Email: vanessa.sun@cmdrawin.com
iPR Ogilvy Limited
Tina Law / Shana Li
Tel: (852) 2136 6181 / 3920 7649
Email: dit@iprogilvy.com
DIT Group grew rapidly in 2020 with over 70% increase in sales volume Speeding up business expansion nationwide by signing several strategic cooperation agreements and collaborating with CCRE Group.
source
http://dit.aconnect.com.hk/document/press/pressEN_20210106.pdf
6 January 2021
DIT Group Limited (“DIT” or the “Company” which together with its subsidiaries is referred to as the “Group”, SEHK stock code: 726), an innovative high-tech company specializing in businesses in the whole value chain of prefabricated construction in the People’s Republic of China (“PRC”), grew rapidly in 2020 in terms of operating results:
Its full-year production volume increased by 66% and sales volume rose by 72%. The rapid growth in the Group’s business scale was mainly attributable to strong market demand driven by Chinese government’s policies on fostering the country’s prefabricated construction industry. The growth was also due to the Group's successful establishment of five green construction industrial parks during the year, including those in Dengfeng City, Zhumadian City, Luoyang City and Tongxu County in Henan Province, and Ding'an County in Hainan Province, and the completion and the launch of six green construction industrial parks in Zhoukou City and Tongxu County in Henan Province, Jiaozhou City in Shandong Province, Huai'an City and Nantong City in Jiangsu Province and Yuxi City in Yunnan Province. The Group signed strategic cooperation agreements with a number of renowned enterprises in 2020, including JD.com Group, Jinke Property Group, Sunriver Holdings Group and Jujiang Construction Group, etc. The collaborations with the well-established companies have resulted in synergies which allow DIT Group to further expand its business and build up its business presence nationwide. This has also enhanced the Group’s capabilities of running businesses across the whole value chain of prefabricated construction and provided a stable source of orders for this year.
In July 2020, Mr. Wu Po Sum, the controlling shareholder of the Group, increased his shareholding in the Company for a consideration of approximately HK$303 million; in December 2020, Mr. Liu Weixing, the chairman of the board of directors and executive director of the Group, and Mr. Guo Weiqiang, the chief executive officer and executive director of the Group, increased their shareholdings in the Company for a total consideration of over HK$1.6 million. These moves reflected the confidence of the major shareholder and senior management in the prospects of the Group’s future development and its enterprise value. In addition, the Group adopted a stock option scheme in July 2020, under which a total of approximately 202 million stock options were granted to senior executives. This arrangement will bind together the interests of the employees and those of the Company and its shareholders tightly as it motivates the grantees to be more proactive at work, and can effectively retain and motivate the key talents, thereby promoting the long-term, steady development of DIT Group.
DIT Group grew rapidly in 2020 with 63% increase in production volume
6 January 2021.
DIT Group is committed to becoming a leading solution provider for smart buildings. In 2020, the Group announced its new "Intelligent Construction of Home" strategy, which aims at creating an innovative model of running businesses in the whole value chain of prefabricated industry with synergy. The Group devotes itself to technological innovation along the whole value chain in such businesses as construction of smart residential buildings and promoting the development of the prefabricated construction industry. Meanwhile, the Group plans to set up a new business model for the whole value chain of the industry by developing a "turnkey" business model that encompasses design, intelligent prefabricated construction, landscaping service and interior decoration in the entire life cycle of a prefabricated construction project.
DIT Group’s chief executive officer and executive director Guo Weiqiang said, “DIT Group has been forging ahead with its business development and growing rapidly since it joined the family of the CCRE Group. It has been producing encouraging results. The Group will draw on the technological advantage afforded by the operation of businesses that span the whole value chain of prefabricated construction and will continue to collaborate with the CCRE Group to build its footholds across China more quickly. It will also actively develop new projects to explore the blue ocean in the market for prefabricated construction. Now that the state has adopted a policy on fostering the prefabricated construction industry, the Group is confident about its prospect and plans to expand its share of China’s market rapidly in three to five years. It will also commit itself to enabling consumers to enjoy a safer, comfortable life at smart residential buildings and contributing to China’s new type of urbanization and the modernization of the country’s construction industry."
About DIT Group Limited
Headquartered in Changsha and Zhengzhou China, DIT Group Limited is an innovative high-tech enterprise that specializes in businesses throughout the entire value chain of prefabricated construction (PC). The company is listed on the main board of the Stock Exchange of Hong Kong Limited (stock code: 726.HK), and is also the first listed company in China’s PC industry. The Group promotes the modernization of construction industry, and its businesses cover the entire value chain of the PC industry, including R&D, PC components manufacturing, franchise and consultation of PC plants, and manufacturing of intelligent PC equipment. The Group has already set up several smart PC equipment plants nationwide. It runs fifteen self-operated PC plants and several plants owned and operated by franchisees. By adopting the world’s first business model of combining engineering, manufacture, procurement and construction (EMPC), which is created by Drawin Group, DIT Group has been widely recognized by its clients for its technology and products. DIT Group has green construction industrial parks in
over 45 cities in 22 provinces nationwide, providing service for projects under construction with a total site area of 6 million square meters in China.
For further information, please contact:
DIT Group Limited
Ms. Vanessa Sun
Senior Investor Relations Manager
Email: vanessa.sun@cmdrawin.com
iPR Ogilvy Limited
Tina Law / Shana Li
Tel: (852) 2136 6181 / 3920 7649
Email: dit@iprogilvy.com
Chinasoft International takes an important step in the joint creation of the intelligent IoT ecosystem-Sano's photosynthetic sleep aid purification machine is officially released.
source
http://www.chinasofti.com/news/2159.htm
2021-03-23
On the afternoon of March 17, the flagship brand of Shengnuo Group and the first listed brand of memory foam mattresses, SINOMAX Sinomax Home Furnishing (stock code: 1418.HK), held the “Indoor Environment and Smart Home Seminar and Sinomax” at the Shenzhen International Convention and Exhibition Center. "Photosynthetic Ecological Deep Sleep System Press Conference", officially released a new product-the photosynthetic sleep aid purification machine. As Sino Home Furnishing joint innovation partner and HUAWEI HiLink ecological outstanding partner, ChinaSoft International was invited to attend the joint launch ceremony to witness the official launch of this joint innovation achievement.
At the press conference, Sino Photosynthetic Sleep Purifier became the focus. It uses the built-in "artificial sun" photosynthesis bionic technology to release the same natural purification factors as the forest. Active diffusion purification replaces the passive inhalation and filtration methods adopted by traditional purification products. It has a larger effective range and can truly eliminate organic pollutants such as formaldehyde caused by decoration, eliminate foreign invading pollutants, inactivate harmful microorganisms such as bacteria and viruses, eliminate particulate pollutants such as PM2.5, and alleviate pollution caused by pollen. Allergic symptoms, remove peculiar smell. Effectively fight against house decoration pollution and harmful air pollutants in cars, and improve sleep quality by restoring healthy air, and its effectiveness has been proven through experiments.
As a joint innovation partner of Sino Home Furnishings, ChinaSoft International assisted Sinosoft's photosynthetic sleep aid purification machine to connect to the HUAWEI HiLink ecosystem and link with other devices in the HUAWEI HiLink ecosystem to create a richer smart home full-scenario ultimate experience for users. Give people a healthier and smarter lifestyle.
In the future, ChinaSoft International will also deepen the joint creation cooperation with Sinosoft, from product access, to product intelligence, and full-scenario smart experience. From smart bedding to the entire smart bedroom, it will cooperate with more partners to expand the bed and bed. Mats, curtains, lights, air purifiers, air conditioners, etc. are incorporated into the overall space plan to achieve full coverage of the sleeping scene.
Behind the cooperation between the two parties is ChinaSoft International's continuous efforts in HUAWEI HiLink ecological enabling services. As the first partner to sign the "HUAWEI HiLink Ecological Solution Service Cooperation Agreement" with Huawei, ChinaSoft International has assisted many manufacturers to access the HUAWEI HiLink ecosystem, covering smart home, sports and health and other fields, and simultaneously reserve hardware capabilities to speed up the batch of manufacturers Access. Excellent enabling service capabilities and abundant access results have made ChinaSoft International highly recognized by Huawei and equipment manufacturers, and won the 2020 HUAWEI HiLink Eco-Enable Service "Excellent Partner" award.
In the future, ChinaSoft International will continue to keep up with Huawei’s progress, give full play to its strong software services and innovation capabilities, and provide ecological manufacturers with full-stack enabling services such as access, intelligence, and full-scenario solutions, and is committed to becoming a full-scale ecological user. Energy service providers help the intelligent era of security, control, and interconnection of all things.
WiMi Hologram Obtains a Patent for Optical Holography Waveform Generator to Accelerate LiDAR Industry Application of Its 3D Holographic Pulse LiDAR.
source
https://finance.yahoo.com/news/wimi-hologram-obtains-patent-optical-131500261.html
Mon, March 22, 2021, 2:15 PM
WiMi Hologram Cloud Inc. (Nasdaq: WIMI), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it has obtained a patent for an optical holography waveform generation device to accelerate the industry-wide application of its 3D holographic pulse LiDAR. The Patent is a result of the WiMi's independent research and development and will allow the Company to further improve its intellectual property protection system, solidify its technology leadership, and strengthen its core competitiveness.
The Patent covers technologies used in waveform generation and waveform generation processing equipment for optical holography. The holographic arbitrary waveform generator ("AWG") can interpret various waveform signal sources in optical holography and process known signals, making the holographic AWG the ideal device for simulation software and simulation applications. Within the holographic AWG are the sine wave signal generator, function generator, pulse generator, sweep signal generator, AWG, and multi-frequency signal generator. Capable of generating waveforms from other sources, the holographic AWG enables its users to create ultra-long waveform signals, including those burst signals that are constantly changing, such as radar, ultrasound, LIDAR, and sonar signals. As a result, the holographic AWG is suitable for applications in ultrasound, 3D holographic pulse LiDAR, autonomous driving, electric vehicles, medical AR, and more.
The Company has utilized this Patent and its patent for its optical holographic technology spectroscopic processing instrument to establish a pulse LiDAR scanning system based on arbitrary waveforms in the field of 3D holographic optics. By obtaining information from 3D holographic echo waveforms, the System can provide more information on the 3D holography characteristics of an object in addition to the object's geometric information. The holographic AWG can also determine the vertical structure of 3D holographic objects by utilizing arbitrary waveform LiDAR data and holographic physical property information in its analysis of echo waveforms. Additionally, the holographic AWG can extract holographic waveform data through the 3D holographic rotation of its coordinate axes formula and the utilization of related programs. The holographic AWG also has a FIFO function which can simultaneously read the transmitted information and the new waveform data through the PCIe bus at a rate of up to 700MB/s.
The Patent utilizes the Gaussian decomposition algorithm of arbitrary waveforms to generate a new holographic waveform algorithm based on the restricted gradient-descent ("RGD") algorithm. This new holographic waveform algorithm leverages peak waveform detection, waveform fitting, waveform decomposition, waveform outlier removal, and other processes to complete its detection of weak and superimposed 3D holographic echo waves through nonlinear parameter iterative optimization. The extracted echoes are then used to generate a point cloud with coordinate parameters, thus making the 3D holographic echo information more accurate. This patent uses a new algorithm to provide 3D holographic arbitrary waveform LiDAR scanning solutions for various industries, including autonomous driving, environmental perception, 3D holographic imaging, advanced driver assistance systems (ADAS), traffic management, and 3D printing, To rapidly expand the application market of 3D holographic pulse LiDAR.
About WIMI Hologram Cloud Inc.
WiMi Hologram Cloud, Inc.(NASDAQ: WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.
For more information, please visit
http://ir.wimiar.com/
Contacts
WIMI Hologram Cloud Inc.
Email: pr@wimiar.com
ICR, LLC
Jack Wang
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com
Lidar becomes the new focus of autonomous driving. WiMi HoloPulse LiDAR may be the first year of the outbreak.
source
https://finance.sina.com.cn/stock/relnews/us/2021-03-22/doc-ikknscsi9269271.shtml
At 11:38 on March 22, 2021 firewood network
With the development of the field of unmanned driving, lidar is gradually emerging and becoming a new outlet. This year is expected to be the first year of mass production.
The penetration rate of intelligent vehicles has increased rapidly, and the global autonomous vehicles have maintained rapid growth. According to IDC's forecast, the global shipments of L1-L5 autonomous vehicles in 2024 are expected to reach approximately 54.25 million units, and the compound annual growth rate (CAGR) from 2020 to 2024 will reach 18.3%; L1 and L2 autonomous driving will be The market share in 2024 is expected to be 64.4% and 34.0%, respectively. The application of L3-L5 autonomous driving technology is of pioneering significance. L1-L2 assisted driving will be the largest market segment that will drive the growth of global autonomous vehicle shipments in the next five years. We believe that whether it is assisted driving or autonomous driving, the increase of the perception system as a car is a certain trend, and the lidar is a smart car perception system.
Lidar enters the first year of mass production
With the development of autonomous driving, lidar is gradually emerging and becoming a new outlet, and it is on the eve of the outbreak. As a sensor, lidar can enhance the redundancy of the sensing system, supplement the scenes missing from millimeter-wave radar and cameras, and can perform real-time high-precision reconstruction of three-dimensional space. Combined with the pre-acquired high-precision map, smart cars pass the lidar in the environment. The positioning accuracy can reach the order of centimeters, which is the key to realizing unmanned driving.
It is reported that the sensing scheme using lidar not only has good compatibility in the whole scene, but also reduces the demand for computing power, which is beneficial to traditional car companies to achieve automatic driving without any harm. To this end, in 2021, all major car companies plan or launch models with lidar. Among them, Xiaopeng and Weilai have released self-driving cars equipped with lidar. Honda, Mercedes-Benz, Toyota, Changan, Great Wall, etc. Said that it will successively launch autopilot models equipped with lidar in 2021, and lidar has officially entered the first year of mass production.
Research data shows that in 2025, 6 million new cars worldwide will be equipped with lidar, and the penetration rate of L3 autonomous driving in passenger cars will reach 6%. According to Sullivan's estimates, the global lidar market will reach USD 13.54 billion by 2025, of which the car-level lidar market will reach USD 4.61 billion.
Possess core intellectual property rights
Technology and intellectual property rights are "sharp blades" for moving toward the future and overcoming obstacles. As a global AI visual holographic AR representative company, Weibo and other institutions with a strategic investment of 61.58 million US dollars, the recent performance of WiMi Hologram is also eye-catching. China Mobile and the media cloud platform holographic remote interaction won the bid, and as a technology provider of 5G holographic communication, it was once again selected by operators. In the field of lidar, it seems that it is also catching up. Since the announcement of the patent of the 3D holographic pulse laser processing device for optical holography, many industry application customers have shown strong market demand, so WiMi Hologram decided to develop 3D holography. Pulse Lidar product "WiMi HoloPulse LiDAR" to further expand the company's holographic product portfolio matrix.
It is understood that WiMi Hologram has core intellectual property rights and is not restricted by overseas companies. WiMi Hologram has approximately 4654 AR holographic contents, 106 software copyrights and 180 registered patents. WiMi Hologram is committed to using holographic technology to meet the entertainment and business needs of customers and end users.
Public information shows that WiMi focuses on holographic cloud services, mainly in the professional fields of vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation, etc. Covers multiple links from holographic AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. Holographic cloud comprehensive technical solution provider.
Safety is the "first priority" of autonomous driving. As the main force of advanced autonomous driving sensors, lidar solutions are more secure. According to ElecFans, it can reach 99.99999%, and sensors such as cameras and millimeter wave radars only guarantee 99%.
Autonomous driving scenarios are currently in a period of return to rationality, most of which are in the R&D and testing stage. According to data from the Smart Car Association, as of June 2020, Beijing has issued test temporary license plates to a total of 77 autonomous vehicles from 13 companies. Tsing Tong Capital communicated with industry founders and investors that it is expected that it will basically be implemented in the next five years. According to data from JP Morgan Chase, China's autonomous driving market is expected to exceed US$7.1 billion in 2025, with an average annual growth rate of 33% in 5 years.
From a global perspective, China's intelligent networked vehicles are developing fast and have a high degree of strategy. In February 2020, 11 ministries and commissions including the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the Ministry of Science and Technology jointly issued the ``Smart Vehicle Innovation Development Strategy'', proposing that by 2025, the construction of intelligent transportation systems and smart city-related facilities will make positive progress, and wireless communication for vehicles The network achieves regional coverage, the new generation of vehicle wireless communication networks are gradually being applied in some cities and highways, and the high-precision space-time reference service network achieves full coverage. In March 2020, the National Development and Reform Commission and the Ministry of Industry and Information Technology issued the ``Notice on Organizing and Implementing New Infrastructure Construction Projects (Broadband Networks and 5G Fields) in 2020'', listing the ``Large-scale Verification and Application of 5G-based Vehicle-Road Cooperative Vehicle Networking'' as the seventh One of the 5G innovative application promotion projects. Compared with bicycle intelligence, 5G-based vehicle-road collaboration can greatly improve driving safety, improve the efficiency of transportation systems, and reduce the cost of on-board equipment, thereby promoting the rapid implementation of unmanned driving.
New York Appellate Court Upholds Renren Derivative Litigation, Rejects Insider Defendants’ Arguments.
source
http://www.digitaljournal.com/pr/5012192
Mar 19, 2021 17:47 UTC
National trial boutique Reid Collins announces a major win for the Plaintiffs in the In re Renren, Inc. Derivative Litigation, pending in New York State Court alleging a complex scheme by Renren insiders to squeeze out minority shareholders and take the company’s billion-dollar investment portfolio for themselves.
In May 2020, Reid Collins defeated all five motions to dismiss filed by the defendants. On March 18, 2021, the Appellate Division, First Judicial Department of New York State Supreme Court affirmed the trial court’s denial of all the motions to dismiss and rejected defendants’ arguments over personal jurisdiction and contending that plaintiffs lack standing under Cayman Islands law.
The shareholder derivative suit arises from a highly unusual series of interrelated transactions through which Renren’s allegedly corrupt insiders took Renren’s portfolio for themselves in 2018. The complaint asserts claims for, among other things, breaches of fiduciary duty in connection with the transfer of Renren’s most valuable assets — for far less than fair market value — to a private company owned and controlled by Renren’s CEO Joseph Chen and other controlling stockholders, including affiliates of SoftBank Group Corp. and DCM Ventures.
The complaint seeks more than $500 million in damages.
The case is captioned In re Renren, Inc. Derivative Litigation (Heng Ren Silk Road Inv. LLC and Oasis Inv. II Master Fund Ltd., derivatively on behalf of Renren, Inc. v. Chen, et al.,) No. 653294/2018 (N.Y. Sup. Ct.)
About Reid Collins
Reid Collins & Tsai LLP is one of the nation’s leading plantiffs’ trial firms, litigating complex business disputes and achieving billions of dollars in settlements and judgments for its clients. Its team is comprised of accomplished trial lawyers, including former federal prosecutors, who have extensive experience prosecuting financial fraud and corporate malfeasance cases, bankruptcy and insolvency related litigation, professional liability claims, and cross-border disputes. The firm represents fund managers, investor groups, trustees, receivers, liquidators, international banks, companies, and individuals in federal and state courts across the country.
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Alexander Coxe
212.365.4792
acoxe@reidcollins.com
Amanda Lornson
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