BIOGNOSYS LAUNCHES SPECTRONAUT 19 AND PRESENTS ADVANCES WITH ITS RESEARCH PLATFORMS AT THE ASMS 2024 ANNUAL CONFERENCE

· Spectronaut® 19 offers significant improvements in identifications, candidate discovery, scalability for large-scale analysis, and support for novel workflows· Novel TrueDiscovery® P2 Plasma Enrichment method offers market-leading performance and superior economics for unbiased, deep plasma proteomics
· New TrueTarget® high-throughput LiP-MS workflow enables large-scale drug target deconvolution screening with improved target identification
· DigitalProteome™ database and Proteoverse™ data exploration tool help extract biological insights for biopharma research

ZURICH, Switzerland and NEWTON, Mass., May 31 (Bernama-GLOBE NEWSWIRE) -- Biognosys, a leading inventor and developer of mass spectrometry-based proteomics solutions, has announced the company’s attendance at the American Society for Mass Spectrometry (ASMS) Annual Conference from June 2nd to June 6th in Anaheim, CA, where the company will launch Spectronaut 19 and present major scientific and technological advances for its proprietary proteomics research software, services, and data insights solutions.

Biognosys’ scientific presence includes two breakfast seminars, four oral presentations, and eleven posters. In addition, their team of scientific experts will be present at booth #314. Further, Biognosys will participate in the activities of its strategic partner, Bruker, showcasing a comprehensive ecosystem of proteomics solutions at Bruker’s eXceed Symposia, “Multiomics solutions for the post-genomic era” on Sunday, June 2nd, and Hospitality Suite from Sunday, June 2nd until Wednesday, June 5th.

Spectronaut® 19: Unleashing the Power of AI for Deep, Fast, and Scalable DIA Analysis

This latest release of Biognosys’ flagship software for DIA analysis comes with significant improvements in peptide and protein level identifications, increased depth of candidates' discovery rate, scalability for large-scale analysis and enterprise use, and extended support for novel workflows.

“While this is one of the feature richest releases we ever had, it’s the improvement in quantification that stands out in Spectronaut 19,” said Lukas Reiter, Ph.D., Chief Technology Officer of Biognosys. “We invested a lot in understanding quantification better, which has clearly paid off. In terms of technologies, improved AI models had a significant impact on this year’s release.”

Jun.-Prof. Dr. Florian Meier-Rosar from University Hospital Jena (UKJ), Faculty of Medicine, stated: “Spectronaut is a great fit for our DIA projects. Its directDIA workflow combines ease of use with reliable quantification which suits our needs when studying protein abundance and post-translational modifications at scale.”

Yansheng Liu, Ph.D., Associate Professor at Yale University School of Medicine, Department of Pharmacology, commented: “Spectronaut is our preferred DIA analysis software due to its high performance and user-friendly interface, which makes analyzing our complex and multiplex DIA datasets both easy and reliable.”

Biognosys’ Breakfast Seminar, “Spectronaut 19: Unlock your data’s true story” on Tuesday, June 4th is entirely dedicated to this release, featuring presentations by Prof. Josh Coon from University of Wisconsin-Madison, titled “Single-Shot DIA Proteome Analysis: The New Gold Standard for Quantitative Proteomics”, and Denys Oliinyk from Jena University Hospital, titled “Towards High-dimensional Phosphoproteomics with Data-independent Acquisition and µPhos”. In addition, the company will present 3 orals and 3 posters highlighting recent improvements in Spectronaut.

TrueDiscovery®: now enhanced with groundbreaking P2 Plasma Enrichment technology for unbiased, deep plasma proteomics

Biognosys is launching a novel, proprietary P2 Plasma Enrichment method for single-well, single particle-type based enrichment with market-leading performance and superior economics. The method offers excellent quantitation and higher throughput for large-cohort biomarker or drug discovery studies, and clinical, epidemiological, or population proteomics research. The P2 Plasma Enrichment workflow will be available as a CRO service via Biognosys’ TrueDiscovery® platform, or as an in-house method for high-performance mass spectrometry end-users via licensing.

The technical features and performance data will be presented on Wednesday, June 5th during the WP 084 poster session and on Monday, June 3rd during Biognosys’ Breakfast Seminar, “Accelerating Drug Discovery and Development with Biognosys’ Next-Generation Proteomics Services”. This seminar also features presentations by Eric Kuhn from Kymera Therapeutics on “Mass Spectrometry-Based Approaches to Targeted Protein Degradation Drug Discovery and Development” and Alan Shomo from Biogen on “Development of a Quantitative CSF LRRK2 Assay to Support Clinical Studies”.

TrueTarget®: introducing a high-throughput workflow for large-scale drug target deconvolution screening

A critical challenge in drug development is the high failure rate of candidate drugs in clinical trials. Identifying drug targets and potential off-targets efficiently is crucial. Biognosys' TrueTarget® platform, powered by limited proteolysis mass spectrometry (LiP-MS), is a powerful tool for unbiased drug target identification, that is available both as contract research service and licensing option. To facilitate its use for large-scale screening, Biognosys developed an innovative, LiP-MS-HT protocol for automated high-throughput drug target deconvolution that achieves improved target identification and reduced measurement time, with high reproducibility and quantitative precision. Biognosys will present the new LiP-MS-HT workflow during the ThOH Oral Session on Thursday, June 6th.

DigitalProteome™ and Proteoverse™: turning data into biological insights for biopharma research

Biognosys’ new data insights solution, DigitalProteome™, provides valuable insights into protein expression and significantly enhances in-vivo biomarker discovery and drug development studies. The database includes proteome profiles from 22 healthy tissues from humans, mice, and rats and is readily available as an off-the-shelf library. The key characteristics of the DigitalProteome™ database will be presented on Wednesday, June 5th during the WP 070 poster session. The resource is available for biopharma research via licensing.

To make the rich mass spectrometry data produced by Biognosys' research service platforms even more accessible and actionable, customers can access the novel Proteoverse™ platform for data visualization and exploration to swiftly extract valuable biological insights, identify key analytes from thousands of proteins, explore peptide-level structures, and examine their biological relevance. The tool will be presented on Thursday, June 6th during the ThP 119 poster session. The tool is initially available as a free-of-charge service alongside Biognosys' TrueDiscovery® research projects.

Visit https://biognosys.com/asms2024 for a complete overview of Biognosys’ presence at ASMS. Posters will be available for download by Friday, June 7.

About Spectronaut®

Spectronaut is Biognosys’ flagship data analysis software for data-independent acquisition (DIA) mass spectrometry (MS) based proteomics.

The software employs advanced Search and Artificial Intelligence (AI) algorithms to translate data into actionable insights for life science research. Spectronaut enables reproducible and precise quantification of thousands of proteins in a single experiment and provides multi-dimensional insights into protein expression, function, and structure across all major biological species and sample types. For more information, visit spectronaut.com.

About TrueDiscovery®

The Biognosys TrueDiscovery platform offers integrated proteomics solutions across the entire drug development pipeline.

TrueDiscovery is powered by Hyper Reaction Monitoring (HRM) mass spectrometry, an advanced Data Independent Acquisition (DIA)-based protein quantification technology co-invented and patented by Biognosys.

TrueDiscovery is the only platform that searches the complete proteome to quantify thousands of the most relevant proteins, including an unlimited number of proteoforms. The platform enables the deepest unbiased profiling of tissue and biofluids proteomes with unbeatable specificity on a large scale. The generated data are highly reproducible and easily transferrable to clinical assays. Studies can be performed in a GCP compliant environment. For more information, visit truediscovery.bio.

About TrueTarget®

The Biognosys TrueTarget proteomics platform uniquely addresses the most pressing challenges in early drug discovery by identifying on- and off-targets to accelerate and de-risk drug development throughout the pipeline.

TrueTarget is powered by Limited Proteolysis Mass Spectrometry (LiP-MS), a proprietary, patented chemoproteomics technology co-developed by Biognosys. TrueTarget™ is the only tool to probe structural changes across the complete proteome with peptide-level resolution, providing unique insights into compound binding and target identification.

The platform enables elucidating mechanisms of action and revealing unanticipated toxicities. For more information, visit truetarget.bio.

About Biognosys

At Biognosys, we believe that deep proteome insights hold the key to breakthrough discoveries that transform science for better lives. With our versatile portfolio of next-generation proteomics solutions, including the TrueDiscovery®, TrueTarget®, and TrueSignature® research service platforms, our flagship software Spectronaut®, and the PQ500™ kit, we make the proteome actionable to empower research, drug development, and clinical decision-making. Our solutions provide a multi-dimensional view of protein expression, function, and structure in all biological species and sample types. Our unique, patented technologies utilize high-resolution mass spectrometry to quantify thousands of proteins with industry-leading precision, depth, and throughput. Through our strategic partnership with Bruker (Nasdaq: BRKR), we make proteomics globally accessible. For more information, visit biognosys.com.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/940b0780-73b6-4c45-84f0-3541e3539ee7

Media Contact

Yves Serroen
Head of Marketing and Communications
Phone +41 (0) 44 244 50 07
yves.serroen@biognosys.com

Source: Biognosys AG

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FORTREA INTRODUCES COMPREHENSIVE SOLUTION TO IMPROVE DIVERSITY AND INCLUSION IN CLINICAL RESEARCH

Leverages real-world data, patient insights and a systematic process to design, operationalize and measure the effectiveness of diversity action plans in clinical trials

DURHAM, N.C., May 31 (Bernama-GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today announced its comprehensive and integrated solution to improve the diversity and inclusion (D&I) of participants in clinical trials. Fortrea’s D&I solution is designed to expand patient access to participate in clinical trials and address the U.S. Food and Drug Administration (FDA) requirements, under The Food and Drug Omnibus Reform Act, to increase enrollment of underrepresented populations in clinical trials.

Fortrea’s comprehensive process integrates five components of diversity action planning and execution:

· Real-world evidence advisors research relevant real-world data sets to inform diversity planning.
· Regulatory, development and clinical operational experts design the Diversity Action Plan, validate with patient groups and negotiate with regulators.
· Operational teams access multiple data platforms, Fortrea’s Site Advisory Board and technology-enabled solutions to implement the Diversity Action Plan as an integral part of Fortrea’s clinical trial execution.
· Monitoring and reporting are enabled by Fortrea’s exclusive Diversity and Inclusion Study Insights Dashboard, providing actionable data and visualizations for ongoing study management.
· Experienced report technical writers compile data and prepare reports for regulatory submission, with ongoing regulatory support provided as part of the D&I solution.

"Clinical research that reflects a representative population provides better insight into how a potential treatment will work in a real-world setting,” said John Doyle, DrPH, president Fortrea Consulting. "Recent regulatory requirements codify progress over the last few years in biopharma’s approach to improving the inclusion of diverse populations in their development programs. Fortrea’s solution brings deep, real-world data expertise to design D&I plans that are effective and realistic, along with more than 30 years of experience across more than 20 therapeutic areas in trial execution. We also bring a steadfast commitment to D&I, not just in clinical trials but across our entire company as we pursue our purpose of bringing life-changing treatments to patients faster."

Fortrea’s D&I solution incorporates a series of proprietary tools, including epidemiological and feasibility assessments that leverage an exclusive combination of large data sets. The solution also integrates inputs from patient groups to create insights into protocol tolerance and study conduct support requirements in different patient populations across multiple therapy areas and geographies. These insights inform global and local patient recruitment and retention plans to reach under-represented patient populations and address barriers to participation in clinical trials.

“Ensuring the inclusion of diverse patient populations in clinical trials must go beyond a plan, it takes insight and action,” said Mark Morais, chief operating officer, Fortrea. “Because of our comprehensive Voice of Patient program and our collaboration with diverse investigator sites and site networks, we have a deep understanding of what it takes to be successful in reaching populations that have traditionally been under-represented in clinical trials. At Fortrea, we are informed by real-world data, enabled by innovative technologies, and driven by our passion to deliver new therapies for all patients.”

Please visit Diversity and Inclusion in Clinical Trials on Fortrea.com for more information.

About Fortrea

Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development and patient access solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, biotechnology, medical device and diagnostic companies to drive healthcare innovation that accelerates life-changing therapies to patients. Fortrea provides phase I-IV clinical trial management, clinical pharmacology, consulting services, differentiated technology enabled trial solutions and post-approval services.

Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team working in more than 90 countries is scaled to deliver focused and agile solutions to customers globally.

Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter) @Fortrea.

Fortrea Contacts:
Fortrea Media: Galen Wilson – 703-298-0802, media@fortrea.com
Fortrea Media: Kate Dillon – 646-818-9115, kdillon@prosek.com

Source: Fortrea Holdings Inc

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MUTUAL BENEFIT GROUP WINS DUCK CREEK STANDARD OF EXCELLENCE CUSTOMER AWARD AT FORMATION '24

Mutual Benefit Group (MBG) Takes Home the Standard of Excellence Customer Award for the Integration of SPLICE Software with Duck Creek OnDemand Claims.

BOSTON, May 30 (Bernama-GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, chose Mutual Benefit Group (MBG) as a 2024 Standard of Excellence Customer Award winner at Formation ’24 in Dallas.

The Duck Creek Standard of Excellence Customer Awards recognize customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions and who have a vision to advance their business, while reimagining the future of insurance.

MBG earned the Standard of Excellence Customer Award for integrating the SPLICE Software texting solution and SPLICE NPS Survey Solution with Duck Creek OnDemand Claims.

MBG was looking to improve its claim process to be more personalized and proactive with its policyholders by keeping them informed at every point of the journey. MBG leveraged the Duck Creek and SPLICE partnership and integration to elevate the claims experience. This allowed MBG to utilize an innovative claims solution while ensuring their clients are kept well informed with the right data at the right time.

MBG was introduced to SPLICE at the Duck Creek Technologies 2022 Formation Conference in Orlando, Florida. SPLICE offers automated customer experience communication products – namely an innovative, automated texting solution. The goal of this project was to support MBG’s digital transformation by adopting this strategic communication program.

Today, MBG continually keeps their claims customers informed with text through thirteen different touchpoints of the claim. The Duck Creek platform was also configured to automatically document the claim file when the SPLICE notification is sent and logs any errors that may occur.

The versatility and support of both SPLICE and Duck Creek allowed MBG to fully integrate and automate messages while retaining the ability to manually trigger text messages as well. Having a compliant text message solution with personalization features and an out-of-the-box integration that could still be customized easily to work with MBG’s data and needs has saved time for MBG employees while keeping everything within Duck Creek without sacrificing MBG’s core values and protecting policyholders’ economic well-being, security, and existing relationships.

“Mutual Benefit Group (MBG) is a company that truly cares about the policyholder experience,” said Jenna Ha, VP Operations, MBG. “They have worked with SPLICE on ensuring policyholders are kept up-to-date with the right information and at the right time, and has implemented our Thrive™ survey application and program to constantly improve both internal and policyholder experiences. SPLICE is excited to continue working with MBG on further customer and employee experience initiatives.”

Duck Creek celebrates MBG’s incredible success in the P&C Insurance Industry.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

About MBG

MBG is dedicated to creating an insurance experience that benefits you. We have been providing insurance coverage for automobiles, homes, and businesses since 1908; we work diligently each day to help build and protect your economic well-being and provide for your security. We are known for our strong relationships with policyholders and agents; for our responsive, friendly, knowledgeable staff; and for claims service that consistently garners a high level of satisfaction, notably 97.5% based on 2022 policyholder surveys.

Media Contacts:
Carley Bunch
carley.bunch@duckcreek.com

Source: Duck Creek Technologies

--BERNAMA

GLOBAL LEADERS GATHER TO EXCHANGE BEST PRACTICES IN LIVER HEALTH POLICY

Global Liver Institute Convenes Fruitful Meeting on the Sidelines of WHA77

Geneva, Switzerland, May 30 (Bernama-GLOBE NEWSWIRE) -- Global Liver Institute (GLI) convened esteemed global leaders for an event on the sidelines of the 77th World Health Assembly in Geneva, Switzerland, entitled “Together for Better Liver Health: Amplifying Best Practices Globally,” in partnership with the European Association for the Study of the Liver (EASL). Now in its second year, this exclusive gathering has quickly attracted health leaders from around the world to become a driving force for liver health policy initiatives.
To complement the event, GLI released Best Practices in Liver Health Policy: A Liver Health is Public Health Report, which evaluates successes that certain countries have had in liver health policy to give insight and promote effective policies worldwide. The report highlights persistent challenges that patients face globally and thoughtful, thorough policies that address these challenges. Drawing examples from Egypt, India, Ireland, Scotland, and Türkiye, it showcases measures such as utilizing primary care data to screen high-risk populations and integrating fatty liver disease into national programs targeting non-communicable diseases.
The more than 100 types of liver disease- driven by a variety of causes from genetic, to viral, to over-exposure to toxic substances – pose substantial challenges for global communities and the health systems that serve them:

· Liver disease causes 2 million deaths per year around the globe.
· An estimated 1.5 billion people in the world have chronic liver disease – an increase of 13% since the beginning of the millennium.
· About 70% of liver cancer is preventable – yet it still faces late diagnosis rates and poor prognosis.
· Even rare liver diseases appear to be rising in prevalence; in Germany, for instance, the prevalence of the rare disease primary sclerosing cholangitis has risen by around 30% in less than five years.

“We are so grateful to work with such an enduring partner, EASL, and the expert panelists featured, to showcase how addressing liver health aligns with achieving major global public health priorities,” shared Donna R. Cryer, JD, CEO of GLI. “We launched the Liver Health is Public Health Initiative in the UK in 2022 hoping to engage and inspire international leaders and health ministers to deploy the diverse and powerful array of public health tools available to them to the tasks of preventing, identifying, and treating the millions at-risk or living with liver diseases and today is a significant milestone.
In a remarkable display of multi-stakeholder partnership and progress built upon the success of the inaugural event, the event demonstrated the expansion and elevation of the collaboration. For a full list of speakers, including key government figures in health as well as the leaders of internationally renowned organizations, please view the program agenda.
“We are happy to co-host this event alongside GLI and look forward to seeing its reverberating global impact,” shared Aleksander Krag, MD, PhD, MBA; Secretary General, EASL. “It is critical that this event happens in Geneva, Switzerland, on the sidelines of the 77th World Health Assembly, while leaders from each member state work together to prepare next year’s health agenda.”

Attachment
· Together for Better Liver Health

Christine Maalouf
Global Liver Institute
cmaalouf@globalliver.org

Source: Global Liver Institute

--BERNAMA

MALAYSIA CELEBRATES PRODUCTIVITY EXCELLENCE AT ASIAN PRODUCTIVITY ORGANISATION (APO) WELCOME DINNER

 

The Productivity Champion line-up consists of the public and private sectors poses together with VIPs (from right; Zahid Ismail, Director General of Malaysia Productivity Corporation (MPC), Datuk Kamaruzzaman Johari, Chairman of Malaysia Productivity Corporation (MPC), Dr. Indra Pradana Singawinata, Secretary-General of Asian Productivity Organisation (APO), and Jone Maritino Nemani, APO Chair).

 

KUALA LUMPUR, May 30 (Bernama) -- Malaysia celebrated 52 outstanding organizations and individuals for their remarkable contributions to productivity excellence at the 66th Asian Productivity Organisation (APO) Governing Body Welcome Dinner.

Themed “Celebrating Productivity Excellence,” the dinner coincided with the 66th APO Governing Body Meeting (GBM), held from May 28th to 30th, 2024. This year, Malaysia proudly hosted delegates from 20 member countries.

A highlight of the evening was the recognition of Malaysia Productivity Corporation (MPC)’s former Director General, Dato’ Abdul Latif Haji Abu Seman, who received the APO National Award for Productivity Technical Experts. His leadership significantly advanced MPC’s initiatives in regulatory reform, talent development, and technology adoption, enhancing Malaysia’s productivity and competitiveness.

MPC’s Director General, Zahid Ismail, stated, “It is fitting to honour those who have excelled in driving productivity at various levels during the APO GBM.”

“Tonight, we honour 28 companies for the Sustainable Shared Prosperity Organisation Assessment (SSPOA), 10 projects with the Best Productivity Improvement Project Recognition 2023, and 10 individuals as Productivity Champions in the Leader category,” Zahid added.

MPC Chairman, Datuk Kamaruzzaman Johari, echoed these sentiments, emphasising the importance of fostering a culture of continuous improvement and innovation.

“Productivity is about more than efficiency; it’s about nurturing creativity, collaboration, and mutual respect,” he said.

The SSPOA recognition highlighted companies that excel in productivity gain sharing and adhere to environmental, social, and governance (ESG) principles. These companies were assessed on People, Process, Product, Prosperity, and Planet criteria. The Productivity Champion initiative continues to build a network of productivity leaders across various sectors.

The Best Productivity Improvement Project Recognition 2023 honoured 10 projects from 44 organizations, collectively saving RM757 million in costs last year.

The APO delegates will be in Malaysia until May 30th, 2024, participating in meetings and experiential learning programme. Hosting the 66th GBM underscores Malaysia’s commitment to regional collaboration for sustainable economic growth.

About Malaysia Productivity Corporation (MPC)
MPC is a statutory body under the Ministry of Investment, Trade and Industry (MITI). It drives national productivity holistically at the national, sectoral, and enterprise levels through three main thrusts: developing future talent, driving digitization and innovation, and building a robust ecosystem. It collaborates strategically with the private and public sectors by emphasising productivity as a key agenda to boost productivity growth and national competitiveness, ultimately leading to shared well-being and prosperity.

SOURCE: Malaysia Productivity Corporation (MPC)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Mazuin Dahlan
Tel: 012-3006444
Email: mazuin@mpc.gov.my

Name: Noor Izzati Kamis
Tel: 012-2867346
Email: noorizzati@mpc.gov.my

--BERNAMA

MetaHomes Collaboration With Artist Roy Wang Cements Commitment To Cultural Integration, Innovation

KUALA LUMPUR, May 23 (Bernama) -- MetaHomes recently had the privilege of taking part in the "Chinese Dragon" large-scale light painting creation event, hosted by world-renowned light painting artist Roy Wang, in Dubai.

In a statement, MetaHomes said this collaboration added a touch of Chinese culture to Dubai's vibrant art landscape, further cementing the company' commitment to cultural integration and innovation.

This event underscored MetaHomes' commitment to creating a unique cultural and high-quality life service experience for its users.

MetaHomes Chief Executive Officer, Jerry Wu said collaborating with Wang has been an incredible opportunity for MetaHomes as his artistic vision and the company’s technological innovations together create a unique blend of art and real estate.

“This partnership reflects our ongoing commitment to cultural enrichment and technological advancement," said Wu.

Meanwhile, Wang, a dignitary in his field, said participating in this event with MetaHomes has been an extraordinary experience.

“Dubai's unique multicultural character provides an ideal backdrop for artistic innovation, and I am excited to see how our combined efforts will enhance the real estate landscape here,” he added.

During the event, MetaHomes highlighted its innovative platform features, including its artificial intelligence (AI) and virtual reality-powered system, as well as its brand identity, Kylin, a thoughtfully developed cultural AI mascot.

As MetaHomes' brand ambassador, Kylin reflects the company's image while drawing inspiration from the rich heritage of Chinese traditional culture, in which this mascot serves as a user-friendly guide, empowering clients to make informed and cost-effective real estate decisions.

Through this approach, MetaHomes strives to not only offer cutting-edge technological solutions but also foster a welcoming and approachable user experience. Notably, Kylin complements Roy Wang's "Chinese Dragon" light painting work by injecting new life into Dubai's cultural exchanges and symbolising MetaHomes' innovative approach to real estate solutions.

-- BERNAMA

Oaktree Takes Over Inter Milan After Missed Payment

KUALA LUMPUR, May 23 (Bernama) -- Oaktree Capital Management L.P. (Oaktree) has taken over FC Internazionale Milano (Inter Milan) after the Serie A champions' Chinese owner defaulted on a loan with a balance of 395 million euros. (1 euro = RM5.09)

In a statement, Oaktree said it assumed ownership of Inter following the non-repayment of a three-year loan to Inter Milan's holding companies that matured on May 21.

“As new owners, we recognise our responsibility to Inter Milan’s community, history and legacy. Our initial focus is operational and financial stability.

“We have great respect for Inter Milan's management team and look forward to working closely with them to provide strong leadership for the club,” said Oaktree Managing Director and Co-Head of Europe for Global Opportunities strategy Alejandro Cano.

In May 2021, Oaktree provided the club’s holding companies with rescue capital to stabilise its financial situation and enable it to continue operating, including to pay its players and employees.

In the three years since Oaktree’s rescue financing, Inter has lifted its eighth and ninth Coppa Italia, secured its sixth, seventh, and eighth Supercoppa, earned its 20th Scudetto title and historic second star, and reached the UEFA Champions League final for the first time since 2010.

Oaktree is dedicated to achieving the best outcome for the long-term prosperity of Inter Milan, with an initial focus on operational and financial stability for the club and its stakeholders as well as values the legacy, the passion of the players, the loyalty of the fans, and the its significant role in Milan, Italy and the global sporting community.

The firm is committed to working closely with Inter Milan’s current management team, partners, the league and governing bodies to ensure the club is positioned for success on and off the pitch; focusing on robust management, operations and governance with a vision for sustainable growth and success.

A leader among global investment managers specialising in alternative investments, Oaktree emphasises a value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.

-- BERNAMA

DUCK CREEK TECHNOLOGIES HONOURS INNOVATION CHAMPIONS AT FORMATION ‘24 HATCH-A-THON

KUALA LUMPUR, May 24 (Bernama) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced the winners of its annual Hatch-a-Thon at Formation '24.

Out of numerous entrants, solution partner expert.ai and systems integrator Cognizant emerged as the champions, showcasing their groundbreaking solutions dedicated to simplifying the insurance industry.

“Duck Creek’s unwavering commitment to propelling advancements and simplifying complexity in the global property and casualty and general insurance industry is reflected in its dedication to fostering innovation and collaboration.

“Through events like the Hatch-a-Thon and our robust partner ecosystem, Duck Creek is able to drive novel advancements for our customers,” said its Senior Vice President, Product Strategy & Innovation, Luis Amadeo in a statement.

This year's winning solution partner team from expert.ai presented their groundbreaking solution, Medical Treatment Compliance with Q&A claims, which helps teams enhance treatment for injured patients and reduce insurers’ costs by flagging non-compliant provider plans against guidelines.

Meanwhile, the victorious systems integrator team from Cognizant showcased their impressive creation, Nextgen Claim Assistant, which empowers loss adjusters to generate contextual responses with meaningful insights to accelerate decisions and quick claim settlement.

Duck Creek Technologies witnessed an impressive array of entries in its third year of inviting external ecosystem participants and conference attendees to the Hatch-a-Thon.

The event brought together its internal teams and developer community to hatch new ideas to further simplify the complexity and foster innovation within the insurance industry.

It encouraged ecosystem partners to present ideas focused on maintaining the human touch in the industry, exploring synergy within insurance operations, and integrating technologies for an enhanced customer experience.

The Hatch-a-Thon marathon garnered a substantial 40 entries, each evaluated closely by Duck Creek's Innovation Anywhere committee, and based on criteria such as innovation, product impact, business impact, and execution.

-- BERNAMA

Banle Energy International Wraps Up Maiden Bunkering Services In Mauritius

KUALA LUMPUR, May 16 (Bernama) -- Banle Energy International Limited, a Hong Kong subsidiary of the Banle Group, announced its expansion into Mauritius, marking the company’s first foray into the African continent.

According to a statement, this strategic move marks an expansion of the Banle Group’s presence in a new continent and underscores its commitment to enhance the company’s regional presence and accelerates its growth trajectory.

“We are excited to provide our first bunkering service in Mauritius. This milestone reinforces our dedication to delivering value for our stakeholders, including customers, partners, and shareholders.

“We are grateful to BYD for their unwavering support and trust in our bunkering services, and we look forward to exploring future opportunities in the African market,” said its Chairman and Chief Executive Officer, Teck Lim Chia.

The expansion into Mauritius is a strategic move that will enable Banle Energy to reach a wider audience and drive market penetration effectively, further strengthening the group’s position as a leading marine fuel logistics provider in the Asia Pacific region.

The port of Port Louis, where the bunkering service was arranged, serves as a vital gateway for trade and commerce in Mauritius.

It plays a crucial role in handling a substantial portion of the country’s imports and exports, facilitating both domestic and international trade connections with various destinations globally, enabling the group to reach a wider audience and drive market penetration effectively.

-- BERNAMA

NOTICE: PUBLIC CONSULTATION ON NEW COMMUNICATIONS EQUIPMENT FRAMEWORK

CYBERJAYA, May 23 (Bernama) -- The Malaysian Communications and Multimedia Commission (MCMC) announces that the Public Consultation document on the New Communications Equipment Framework will be published on MCMC’s website (https://www.mcmc.gov.my) on 20 May 2024.
MCMC invites written comments in digital form, from the industry experts, interested parties and members of the public on the New Communications Equipment Framework in this Public Consultation document.

Submissions are due by 12:00 noon, 21 June 2024 (Friday) and should be sent to:

Chairman
Malaysian Communications and Multimedia Commission MCMC Tower 1, Jalan Impact, Cyber 6, 63000 Cyberjaya Selangor Darul Ehsan, Malaysia
(Attention to: Technology and Standards Division)
Tel: +603 8688 8341 Fax: +603 8318 8181
Email: stpd@mcmc.gov.my

SOURCE: Malaysian Communications and Multimedia Commission MCMC

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Markus Lim
(On behalf of DEPARTMENTCORPORATE COMMUNICATIONS, MCMC)
Tel: +603 8688 8000
Email: markus.lim@mcmc.gov.my

--BERNAMA

AI-MEDIA TO DISPLAY CUTTING-EDGE CAPTIONING SOLUTIONS AT BROADCAST ASIA EXPO 2024

KUALA LUMPUR, May 23 (Bernama) -- AI-Media, world leaders in AI-powered captioning solutions, is set to announce the unveiling of its latest advancements in broadcast captioning technology, designed to revolutionise the industry, in the Broadcast Asia Expo 2024.

Taking place from May 29 to 31 at the Singapore Expo, visitors will have the opportunity to explore a range of cutting-edge products, including AI-Media's automated captioning solution, LEXI, and the newly launched LEXI Recorded.

"We look forward to demonstrating how AI-Media's solutions, including our advanced AI captioning and translation solution, LEXI, can revolutionise the broadcast industry, setting new standards in efficiency and accessibility," said AI-Media Chief Sales Officer, James Ward in a statement.

Visitors will be able to witness live demos for both LEXI and LEXI Recorded in action, in which these innovations highlight AI-Media's commitment to delivering groundbreaking, cutting-edge solutions in broadcasting technology.

AI-Media's LEXI and LEXI Viewer solution will be showcased throughout the event on the Broadcast Asia stage, where AI-Media will be captioning all sessions happening live on stage, demonstrating its cutting-edge captioning solutions in real-time and highlighting their advanced capabilities.

Furthermore, with extensive experience in the broadcast industries, key members of the AI-Media Asia Pacific team including General Manager Declan Gallagher; Business Development Manager Gordon Chua; and Technical Sales Rob Waller; will all be available for personalised meetings to discuss how AI-Media's solutions can benefit various broadcasting needs.

LEXI stands at the forefront of artificial intelligence (AI)-powered captioning, delivering unmatched accuracy and innovative features for live TV, streaming, meetings, and events.

For the first time in February this year, AI-Media was able to unveil groundbreaking data showcasing the superiority of its AI captioning product, LEXI, over traditional human workflows, with advanced capabilities such as speaker identification and intelligent caption placement.

The newly launched LEXI Recorded offers rapid turnaround times for time-sensitive recorded content. Utilising AI-powered automation, this solution streamlines the captioning process, enabling media professionals, content creators, and broadcasters to deliver accessible content with remarkable speed and accuracy.

-- BERNAMA

CELEBRATE A MEDLEY OF EVENTS IN FANTASTICAL CHINESE LAND OF WULONG

KUALA LUMPUR, May 23 (Bernama) -- The Wulong District in southwest China's Chongqing Municipality recently celebrated China Tourism Day to mark 30 years of achievements and seek further progress in tourism development.

In addition, a series of popular activities will be held throughout the year to entertain global visitors, including the Fairy Mountain ice and snow festival, the Fairy Mountain flight festival, the Fairy Mountain international camping music festival, earth art festival, outdoor sports open, pine-climbing competition, and Harley motorcycle music festival.

Known as the "World Karst Ecological Museum", Wulong boasts a variety of natural landscapes, such as giant sinkholes, rifts, grasslands, canyons, waterfalls, karst caves, forests, and rivers, according to a statement.

In 2006, Chinese director Zhang Yimou chose Wulong as the sole filming location for his movie "Curse of the Golden Flower", while American director Michael Bay filmed scenes for "Transformers: Age of Extinction" here in 2013, further showcasing its stunning natural beauty to the world.

The ethnic groups, such as the Tujia and Miao, contribute to the vibrant cultural tapestry of the region, in which their collective wedding ceremonies have attracted couples from all over the country to experience the traditional wedding customs.

In recent years, Wulong has made great efforts to develop six major cultural and tourism industries including experiential learning, sports, arts, wellness, wedding and matchmaking, and services.

Specifically, the China International Mountain Outdoor Sports Open (Chongqing-Wulong), which has been held for 18 consecutive sessions, has become one of the most influential, largest, and highest-level outdoor cross-country races in the world.

-- BERNAMA

DUCK CREEK TECHNOLOGIES' FORMATION '24 FEATURES DOZENS OF INDUSTRY SPONSORS

KUALA LUMPUR, May 23 (Bernama) -- Duck Creek Technologies, has unveiled the prominent sponsors set to join the forefront of insurance technology decision-makers at its highly anticipated customer conference, Formation ’24, from May 21 to 23 at the Omni Dallas Hotel in Dallas, Texas.

Its Chief Revenue Officer, Rohit Bedi said the company maintained steadfast relationships with industry leaders, offering complementary and distinctive solutions to enhance and simplify its joint customers' experience.

“This year we have record sponsorship commitments from over 60 members of our partner ecosystem, including platinum sponsors Aggne Global, Coforge, Cognizant, and LTIMindtree; and gold sponsors Accenture, Capgemini, Next Level Solutions, Opterrix, PwC, Quadient, and Yovant.

“This underscores the robust partner ecosystem Duck Creek has cultivated to benefit our global customers,” he said in a statement.

Duck Creek is poised to welcome insurtech leaders and industry professionals worldwide, fostering a dynamic environment with abundant educational and networking prospects centred on the latest trends and innovations driving the insurance industry forward.

As the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry, Duck Creek Technologies is the platform upon which modern insurance systems are built, enabling the industry to capitalise on the power of the cloud to run agile, intelligent, and evergreen operations.

-- BERNAMA

HKTB 60-minute Cinematic Docufilm Premieres At Cannes Film Festival

KUALA LUMPUR, May 21 (Bernama) -- Hong Kong Tourism Board (HKTB) has recently unveiled a new docufilm “Hong Kong Classics Reimagined” which premiered during the Marché du Film at the 77th Cannes Film Festival, in France.

According to HKTB in a statement, the 60-minute showcase pays homage to classic Hong Kong movies while igniting the wanderlust of film lovers worldwide.

“The influence of movies reaches far beyond entertainment, igniting travel inspiration and desire. Through “Hong Kong Classics Reimagined”, we pay tribute to timeless classics in Hong Kong's cinematic history and revitalise them with a fresh burst of energy.

“We hope to inspire audiences from around the world to bring their cinematic dreams to life, creating unforgettable experiences in the captivating city of Hong Kong,” said HKTB Chairman, Dr Pang Yiu-Kai.

The docufilm is a celebration of the rich legacy of filmmaking in Hong Kong which comprises six short films across genres namely thriller, action, comedy, kung fu, romance and art, offering a captivating window into the city's unique charm and vibrant cultural heritage in full cinematic glory.

Each of the shorts was inspired by some of Hong Kong’s most iconic films and cinema moments, re-imagined by six different directors as a tribute to the city’s most legendary filmmakers.

The shorts feature some of the biggest established and emerging names in contemporary Hong Kong film including superstars Sylvia Chang, George Lam and Karen Mok, which were filmed at some of the city’s most recognisable locations.

In conjunction with the premiere of the docufilm, HKTB has also unveiled a dedicated movie tourism guide on its official website which showcases how travellers can transform their cinematic inspiration into unforgettable experiences in Hong Kong.

-- BERNAMA

OTC MARKETS GROUP OVERNIGHT TRADING TO EXPAND ACCESSIBILITY ON CLIENTS DEMAND

KUALA LUMPUR, May 21 (Bernama) -- OTC Markets Group Inc has introduced OTC Overnight, a new offering that will make over-the-counter (OTC) equity securities available for trading Sunday through Thursday.

According to a statement, active securities across the OTC market tiers will be eligible for trading in an overnight session by broker-dealer subscribers in United States (US) dollars.

“We have seen an increased demand from investors, broker-dealers, and other market participants looking to access the largest financial centre in the world in their respective time zones.

“We are uniquely positioned to make this possible and create new levels of opportunity for thousands of global equities,” said OTC Markets Group Executive Vice President of Market Data, Matt Fuchs.

OTC Markets expects the new offering to be available in the second quarter of this year on the OTC Link NQB Alternative Trading System.

This will allow investors to track and trade thousands of global equity securities during Asian market hours, at European market open and overnight in the US.

As more clients connect to the platform and demand for overnight trading grows, OTC Markets Group plans to expand the offering to additional securities within its network.

The company continues to actively take steps establishing itself as a global market that meets the needs of investors, broker-dealers and issuers at all levels.

OTC Markets Group is an operator of regulated financial markets for 12,000 US and global securities. Its innovative model offers companies more efficient access to the US financial markets.

-- BERNAMA

MALAYSIA TAKES HELM AS THE PRESIDENT OF ASIA NANO FORUM, TAKING THE LEAD IN NANOTECHNOLOGY ADVANCEMENT ACROSS ASIA

Dr Rezal Khairi Ahmad, CEO of NanoMalaysia Berhad, Takes Helm as the President of Asia Nano Forum.

KUALA LUMPUR, May 21 (Bernama) -- The Asia Nano Forum (ANF) has named Dr Rezal Khairi Ahmad, NanoMalaysia Berhad's CEO, its new president. This landmark appointment positions Dr Rezal and Malaysia to lead NanoMalaysia and ANF, marking a pivotal moment in the region's journey towards fostering international collaboration in nanotechnology. ANF Asia Nano Forum (ANF) is a network organisation across Asia, founded in May 2004 and now a registered society in Singapore, known as Asia Nano Forum Society, since Oct 2007.

Before this ascension, Dr Rezal served as ANF Vice President and Treasurer in previous terms. Dr Rezal offers a wealth of experience and leadership to his new job, having previously served as CEO of NanoMalaysia since January 2013. Additionally, he has been a Member of the Industry Advisory Panel for the Malaysian Petroleum Resources Corporation since 2021. He began serving as an international advisor for the China Graphene Industry Alliance (CGIA) in September 2017, establishing links with Malaysia's National Graphene Action Plan 2020 and promoting reciprocal economic gains. Dr. Rezal is well-positioned to propel NanoMalaysia and ANF towards their missions and objectives.

ANF has been at the forefront of promoting responsible development in the nanotechnology industry across the region. Guided by its mission to ensure that nanotechnology development brings educational, social, environmental, and economic benefits to each economy, ANF strives to foster collaboration and facilitate joint projects addressing major regional issues.

ANF comprises of members from Malaysia, Japan, Philippines, South Korea, Thailand, Austria, Taiwan, Vietnam, and Singapore. The ANF members serve to foster nanotechnology, supporting regional economic and environmental development, coordinating joint investments, promoting standardisation and safety, advocating for nanotechnology representation, initiating cooperative research projects, and enhancing public awareness and education.

Under ANF, a number of collaborative working groups were created, namely Commercialization, NanoSafety and Risk Management, Standards and User Facility Network to activate cross-border research and development cooperation, facilitate multilateral market penetration of nanotechnology products and mutual acceptance of nanotechnology product certification programmes. Dr Rezal founded the Commercialisation Working Group and was instrumental in brokering the deal in reciprocal acceptance of Malaysia and Taiwan’s certification programme in 2018.

Dr. Rezal's dual leadership role will synergise the efforts of NanoMalaysia and ANF, amplifying their impact on the regional nanotechnology landscape. With his proven track record of crafting successful business strategies and fostering collaboration among government agencies and industries, Dr Rezal is poised to steer both organisations towards greater heights of success. His appointment as President of ANF signals a new era of collaboration and innovation in the field of nanotechnology across Asia. Crucially, Dr Rezal shall leverage on this presidency to support and add value to Malaysia’s role as ASEAN Chair in 2025 from the technological development and commercialisation aspects aligning to the country’s perennial aspiration to become a technology creator nation.

Dr. Rezal expressed his enthusiasm for his new role, stating, "I am honoured to assume the presidency of the Asia Nano Forum and to continue leading it in our shared mission to advance nanotechnology for the benefit of society. By harnessing the collective expertise and resources of both NanoMalaysia and ANF, we can drive meaningful progress and unlock the full potential of nanotechnology in Asia and beyond towards the benefits of people, planet and profit."

As Dr. Rezal assumes his dual leadership role, stakeholders across the region eagerly anticipate the positive impact his visionary leadership will bring to advancing nanotechnology in Asia.

About Asia Nano Forum
The Asia Nano Forum (ANF) is a network organisation founded in May 2004, dedicated to promoting responsible development of nanotechnology across Asia. Registered as the Asia Nano Forum Society in Singapore since October 2007, the organisation fosters international collaboration and cooperation to advance nanotechnology education, research, and innovation.

About NanoMalaysia Berhad
NanoMalaysia Berhad was incorporated in 2011 as a company limited by guarantee (CLBG) under the Ministry of Science, Technology and Innovation (MOSTI), NanoMalaysia Berhad is entrusted with driving the development of nanotechnology, EV components technology, and spearheading the hydrogen economy. Our unique Venture Builder model sets us apart from traditional venture capitalists. We actively participate in the startup journey, providing comprehensive support to entrepreneurs in building and commercialising nanotechnology-based products. We aim to empower entrepreneurs with limited resources, offering access to expertise, resources, and government recognition.

Visit www.nanomalaysia.com.my for more information on NanoMalaysia Berhad.

Source: NanoMalaysia Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
NanoMalaysia Berhad
Name: Ameerul Ashraff
Tel: +6017 358 5127
Email: ameerul@nanomalaysia.com.my
corporateaffairs@nanomalaysia.com.my

--BERNAMA


 

LOWEST AIRASIA FARES EXCLUSIVELY ON AIRASIA MOVE

(third and fourth from left) Paul Carroll, Group Chief Commercial Officer of AirAsia and Dabraj Sing, Chief Business Officer, AirAsia MOVE officiating AirAsia MOVE’s lowest AirAsia fares campaign

· Guaranteed lowest fares, more ancillary options, ability to check AirAsia flight status, manage bookings & check-in for flights while earning AirAsia Points· Complete travel experience from flights to hotels and airport transfers
· Connect with fellow travellers via AirAsia Communities

KUALA LUMPUR, May 20 (Bernama) -- As part of its continuous effort to be the region’s favourite travel companion, AirAsia MOVE, the OTA (Online Travel Agency) of Capital A, is proud to announce exclusive and lowest fares for AirAsia flights on its unique one-stop shop platform.

As the official booking platform for airlines within the AirAsia Group, travellers will be able to enjoy the best value fares on the AirAsia MOVE app for all domestic and Asean AirAsia flights (flight codes: AK, D7, FD, QZ, Z2, KT) across Malaysia, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Cambodia starting from as low as RM39 all-in one-way**. Full terms and conditions available here.

Travellers are also set to have a better and seamless experience with the AirAsia MOVE app with some of its key features:

1. More ancillary options such as additional luggage, inflight meals, travel protection, and more which can be booked directly on the app with up to 30% savings.
2. Ability to check and monitor AirAsia flight status within the app.
3. Conveniently manage flight bookings & check-in for all AirAsia flights.
4. Earn AirAsia points to travel and redeem flights, hotels and more!
5. Connect with fellow travellers via the AirAsia Communities feature

Nadia Omer, CEO of AirAsia MOVE, said, “At AirAsia MOVE, our vision is to be Asean’s favourite travel companion that creates inclusive and delightful journeys, and as Asia’s Leading OTA*, we are proud to be the exclusive travel platform to offer the lowest base fares for all AirAsia group of airlines’ flights, enabling more people to access affordable travel conveniently. This is an expansion of how our biggest airline partner’s wide connectivity has benefited many across the region to fulfil their dreams to travel, complemented by key features of our AirAsia MOVE app to enhance each travellers’ journey. Download the AirAsia MOVE app today, and check out the best deals across all of AirAsia group of airlines’ wide flight network especially throughout the promo period from now until 2 June 2024.”

Paul Carroll, Group Chief Commercial Officer of AirAsia, said, “Our umbrella company Capital A, has a world leading OTA and also owns an airline, providing unrivalled opportunities for best value travel packages. We are excited to offer our lowest base fare exclusively on AirAsia MOVE throughout the campaign period, making it easier than ever for travellers to access affordable flights, hotels and more. This partnership underscores our commitment to providing exceptional value and convenience to our customers. By leveraging AirAsia MOVE's innovative features, we are enhancing the overall travel experience with seamless booking and check-in options, as well as providing best prices for ancillary purchases, such as in-flight meals and additional baggage."

Every transaction made on AirAsia MOVE, including purchasing flights, hotel bookings and ride-hailing will earn guests AirAsia Points as part of AirAsia MOVE’s loyalty programme, AirAsia Rewards. The points could be used to redeem flights, vouchers for F&B merchants and much more.

Not sure about the best tourist spots or the best local cuisines, or simply wanting to ask a local about local customs and traditions? Fret not! Click on the “Communities” tile on the app and engage with communities consisting of foodies, travellers, adventure seekers, local experts and follow official channels to get the latest news and promotions from the whole AirAsia MOVE ecosystem.

Stay updated with everything from the AirAsia MOVE by following @airasiamove on Instagram, Threads, @airasiamove on TikTok or @airasia on Twitter for the latest updates.

For a seamless and enhanced experience, download your AirAsia MOVE from the Apple App Store, Google Play Store, or Huawei AppGallery.

*by World Travel Awards

**Price is for all-in-one-way fares, including airport taxes, MAVCOM fee, fuel surcharges and other applicable fees.

Source: AirAsia MOVE (formerly airasia Superapp)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Yujin Kan
AirAsia MOVE
Communications
Email: yujinkan@airasia.com

--BERNAMA

26TH CROSS-STRAITS FAIR FOR ECONOMY AND TRADE KICKS OFF IN FUZHOU

The 26th Cross-Straits Fair for Economy and Trade opened in Fuzhou, Fujian Province.

 

KUALA LUMPUR, May 17 (Bernama) -- The 26th Cross-Straits Fair for Economy and Trade, hosted by the Taiwan Affairs Office of the State Council and the People's Government of Fujian Province, kicked off in Fuzhou, the capital of east China's Fujian Province on May 16.

The event was organised by the Fuzhou Municipal People's Government, the Taiwan Affairs Office of the Fujian Provincial People's Government, and the Department of Commerce of Fujian Province.

This year's fair aims to become the most influential large-scale comprehensive investment and trade event across the Strait and an important experimental platform for early-stage cross-Straits integration.

According to a statement, the four-day event is expected to attract more than 50 industrial and commercial groups and over 1,000 Taiwan compatriots and businessmen.

This year, the Cross-Straits Fair for Economy and Trade adopts the "5+3+N" mode, planning five major activities, three supporting theme exchange platforms, and numerous investment promotion and industry collaboration activities.

A series of key activities will be held, including the Opening Ceremony and Cross-Straits Exchange, in addition to the establishment of thematic exchange platforms such as Achievements Release of Cross-Straits Integration Development and Industrial Collaboration Promotion Booth.

The Cross-Straits Fair for Economy and Trade has become a prestigious comprehensive economic and trade exchange event across the Strait, attracting tens of thousands of Taiwanese enterprises and more than 30,000 Taiwanese businessmen.

-- BERNAMA

TEALIUM’S CDP ENHANCES CX DELIVERY WITH SNOWFLAKE INTEGRATIONS

KUALA LUMPUR, May 17 (Bernama) -- Tealium announced it is one of the first customer data platforms (CDPs) to seamlessly connect to Snowflake’s Snowpipe Streaming application programming interface (API), offering industry-leading customer data collection and activation capabilities.

Tealium’s CDP, powered by Snowflake, streamlines the process of landing low latency customer behaviour data into the Snowflake Data Cloud to power analytics, artificial intelligence (AI), and customer-360 initiatives, allowing enterprises to better serve and engage their customers.

“At the heart of any customer experience (CX) strategy, is your data. CDPs and cloud data platforms are powerful catalysts for managing, analysing, and activating customer data successfully to achieve this. And although unique on their own, together, they become a powerful force.

“That is why Tealium and Snowflake are truly better together, providing a centralised consented data hub combining the benefits of historical data, real-time behaviour, and utmost flexibility,” said Tealium Chief Product Officer, Bob Page in a statement.

Meanwhile, Snowflake Head of Product Management, Marketing Data Cloud, Onil Gunawardana said: “Tealium's advanced CDP with consent management, integrated with Snowflake's Snowpipe API, provides enterprises with immediate access to cleansed, high-quality, first-party data.

“This seamless connectivity not only speeds up data ingestion for AI and improves customer experiences, but also ensures that data usage remains compliant within Snowflake's robust analytics environment, elevating customer data strategies with unmatched security and efficiency.”

Tealium’s integration with the Snowpipe Streaming API enables businesses to capture, process, analyse, and activate data efficiently, allowing organisations to unlock valuable insights, enhance personalisation, and make data-driven decisions, ultimately driving growth and customer satisfaction.

The integration leverages the power of a real-time CDP coupled with Snowflake’s elastic performance engine to drive customer data capabilities, including establish unified and actionable customer views to power real-time engagement; fuel and activate AI initiatives across the entire data infrastructure; as well as minimise wasted time on data wrangling for more strategic and higher-quality insights.

This powerful combination also equips teams with widened flexibility, allowing them to augment customer data with AI, fuelling models with clean and consented data, as the integration enforces enhanced data quality and governance, which supports successful AI implementation across the enterprise.

-- BERNAMA

MedSource Labs' Innovative IV Catheters Protect Medical Staff, Patients Against Needlestick Injuries

KUALA LUMPUR, May 15 (Bernama) -- MedSource Labs, a quality medical products provider has unveiled ClearSafe Comfort and TrueSafe Comfort Blood Control Safety IV Catheters with groundbreaking active blood control check valve technology, revolutionising the peripheral safety intravenous (IV) market.

MedSource Labs President, Dave Kunelius said healthcare professionals subject themselves to the risks associated with needlestick injuries and exposure to bloodborne pathogens every time they access a vein.

“ClearSafe Comfort and TrueSafe Comfort Blood Control Safety IV Catheters have been engineered to minimise these risks, allowing medical staff to better serve their patients without distraction or worry.

“Quality has always been a key component of our IV catheter products, and the ClearSafe Comfort and TrueSafe Comfort blood control products raise the bar for medical staff safety and patient care,” he said.

According to MedSource Labs in a statement, these devices conform to the United States Needlestick Safety and Prevention Act.

This blood control IV catheters provide significant benefits over other IV catheters in terms of safety, precision and front-line functionality.

As a new blood control device, it significantly reduce the risk of exposure to bloodborne pathogens to the caregiver and patient, while its translucent flashback chamber confirms vessel entry and ensures accuracy. Its ergonomic design and non-slip grip also ensure easy handling for healthcare workers.

The ClearSafe Comfort and TrueSafe Comfort Blood Control Safety IV Catheters are part of MedSource Labs’ high-performing IV catheter lines focused on caring for the caregiver.

-- BERNAMA

Over 10,000 Patients Benefit From CCM Therapy For Heart Failure - Impulse Dynamics

KUALA LUMPUR, May 14 (Bernama) -- Impulse Dynamics, a global medical device company dedicated to improving the lives of people with heart failure (HF), announced it has reached a worldwide milestone by surpassing 10,000 patients having received the Optimizer system for the treatment of moderate HF.

According to a statement, this milestone highlights the benefit and importance of this therapy in helping patients live a full life with HF.

Impulse Dynamics Chief Executive Officer, Jason Spees said the company is committed to ongoing innovation in this important therapy that has such a clear clinical need worldwide.

“We are also getting closer to significantly impacting the implantable cardioverter defibrillator (ICD) market with successful enrolment in our INTEGRA-D clinical trial on the CCM-D HF System, which is the first-of-its-kind technology, combining the lifesaving benefits of an ICD with HF symptom relief through CCM therapy in one device,” he said.

Meanwhile, its Chief Technology Officer, David Prutchi who has worked on the development of therapy since its inception said: “We are deeply motivated by the patients who benefit from CCM therapy. Their progress inspires us to continuously enhance our technology, aiming to improve the lives of those suffering from heart failure.”

Cardiac contractility modulation (CCM) therapy is designed to significantly improve heart contraction, allowing more oxygen-rich blood to be pushed out through the body and is non-excitatory electrical pulses delivered by the implantable Optimizer device to improve heart contraction.

CCM is available in 44 countries, and the technology has continued to advance, based on the needs of patients and physicians.

The latest generation of the proprietary CCM technology is the Optimizer Smart Mini, which offers a rechargeable battery with 20-year battery life and a smaller size designed to make the implant procedure faster and easier for patients and physicians.

The Optimizer Smart Mini is a minimally invasive implantable device that treats patients experiencing moderate to severe congestive heart failure (CHF) symptoms even after appropriate medical treatment. The device operates by delivering precisely timed electric pulses called cardiac contractility modulation therapy.

As a result, patients receiving CCM therapy experience a higher quality of life by reducing CHF symptoms such as overwhelming shortness of breath and fatigue.

-- BERNAMA

SANDVIK CELEBRATES INAUGURATION OF NEW LOAD AND HAUL FACTORY IN MALAYSIA

(left to right): Mr. VO Kataja, Managing Director, Sandvik Equipment Sdn. Bhd. , H.E Sami Leino, Ambassador of Finland to Malaysia & Brunei , H.E Dr. Joachim Bergstrom, Ambassador of Sweden to Malaysia , Mr. Mats Eriksson, President, Sandvik Mining & Rock Solutions, YAB Dato' Seri Utama Hj.Aminuddin Harun, Chief Minister of Negeri Sembilan, YB Dato' Mohd Zafir Ibrahim, State Secretary of Negeri Sembilan, Mr. Sikh Shamsul Ibrahim, Chief Executive Officer MIDA, YBhg. Dato' Hj Najmuddin Sharif, Chief Executive Officer Invest Negeri Sembilan, Mr. Petri Liljaranta, Director of Supply, Load & Haul Division, Sandvik Mining & Rock Solutions

SEREMBAN, Negeri Sembilan, May 15 (Bernama) -- Sandvik announces the inauguration of its new production unit in Malaysia dedicated to manufacturing underground load and haul equipment. This expansion marks a significant milestone for the Sandvik Load & Haul division, operating within the Sandvik Mining and Rock Solutions Business Area.

Located in Seremban, Negeri Sembilan, the new assembly production facility signifies a major advancement in the underground mining equipment sector. Its primary objectives include supporting the assembly production of all Sandvik load and haul underground loaders and trucks, including battery electrical vehicles (BEVs), and establishing a robust supplier network within the region.

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, the Chief Executive Officer of the Malaysian Invest Development Authority (MIDA), applauded Sandvik for its pioneering efforts in Malaysia, stating, "Sandvik’s journey to become a global leader in providing top-of-the-line equipment, tools, and digital solutions for the mining and construction sectors embodies the essence of perseverance, ingenuity, and determination. The initiative to transition from diesel-powered equipment to battery- electric vehicles (BEVs) and pave the path toward a fossil-free future is well exemplified by the establishment of this new facility in the Sendayan TechValley Industrial Park."

"At MIDA, we will continue to partner with leading companies like Sandvik to anchor high-value-added manufacturing, adopt advanced manufacturing technologies, and equip our talent with the requisite skillset," he added.

Sandvik's commitment to delivering maximum value in sustainability, performance, quality, safety, flexibility, and total economy is evident in this endeavor.

The inaugural machine assembled in Malaysia at the new factory is the Toro™ LH517i loader, with production expected to ramp up over the coming year. Additionally, the facility will commence the production of Toro™ TH545i trucks later in the year, as part of a cross-manufacturing plan. Production volume allocation among existing factories will be based on machine specification, sales area distribution, and production capacity. Battery product manufacturing is slated to begin by Q3 2024, with BEV unit assembly scheduled for 2025, aligning with future electrification goals.

Patricio Apablaza, President of Sandvik Mining and Rock Solutions’ Load and Haul division, emphasized the significance of the Seremban facility, highlighting its role in ensuring flexible manufacturing of both conventional diesel and battery-electric loaders and trucks, while adhering to Sandvik's stringent standards for sustainability, quality, and safety. This initiative aims to reduce lead times for mining customers in the Asia Pacific region.

Spanning over 8,000 square meters, the new facility is situated in the Sendayan Techvalley Industrial Park, strategically positioned approximately 70 kilometres south of the Malaysian capital Kuala Lumpur and 15 kilometres west of the state capital Seremban. The factory comprises 15 versatile assembly cells.

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

Sandvik Group
Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers’ processes. Our world- leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2023 the Group had approximately 41,000 employees and revenues of about 127 billion SEK in about 170 countries within continuing operations.

Sandvik Mining and Rock Solutions
Sandvik Mining and Rock Solutions is a business area within the Sandvik Group and a global leading supplier of equipment and tools, parts, service, digital solutions and sustainability-driving technologies for the mining and construction industries. Application areas include rock drilling, rock cutting, loading and hauling, tunneling and quarrying. In 2023, sales were approximately 66 billion SEK with about 17,000 employees.

SOURCE: Malaysian Investment Development Authority (MIDA)

FOR MORE INFORMATION, PLEASE CONTACT:
MIDA
Name: Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division, MIDA
Tel: +603-2267 6769
Email: zakiah@mida.gov.my

Sandvik Mining and Rock Solutions
Name: VO Kataja
General Manager and Managing Director
Seremban Production Unit,Load and Haul Division
Sandvik Mining and Rock Solutions Business Area
Email: vo.kataja@sandvik.com

--BERNAMA

EIG’S LNG UNIT MIDOCEAN NAMES ARMAND LUMENS AS CFO

 

(Photo: Business Wire)

KUALA LUMPUR, May 15 (Bernama) -- MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, has appointed Armand Lumens as Chief Financial Officer (CFO).

“We are delighted to welcome Armand to the MidOcean team. We are confident in his ability to drive financial excellence and contribute to the company's continued growth and success.

“His wealth of expertise will be an invaluable asset as MidOcean continues to pursue its strategic objectives,” said MidOcean Chief Executive Officer, De la Rey Venter in a statement.

Meanwhile, Lumens said: “MidOcean is well positioned to make a significant impact on the energy transition through its expertise in and focus on LNG. I am thrilled to join De la Rey and the EIG team as it seeks to build a global LNG portfolio.”

Lumens brings to MidOcean over 30 years of highly relevant and broad expertise across mergers and acquisitions (M&A), private equity, business development, trading, financing, audit, risk management, venture capital, take-privates and initial public offerings.

Most recently, he served as the group CFO of Neptune Energy, where he played a pivotal role in developing and implementing the company's financial and information technology strategies and achieving its operational success.

Lumens earned a Bachelor’s degree and an Master of Business Administration (MBA) from Maastricht University and an Master of Science (MSc) in Finance from the London Business School.

An institutional investor in the global energy and infrastructure sectors, EIG specialises in private investments in energy and energy-related infrastructure on a global basis.

-- BERNAMA

ASELSAN EXPANDS ITS REACH IN ASIA-PACIFIC AT MALAYSIA'S INFLUENTIAL DSA-NATSEC EXHIBITION

Leading Turkish defence company ASELSAN will present over 50 national products, focusing on naval systems, at Malaysia’s forthcoming DSA-NATSEC International Exhibition.

KUALA LUMPUR, May 14 (Bernama) -- ASELSAN, Turkey’s premier defence electronics company, joined DSA-NATSEC International Defence Industry and National Security Exhibition in Kuala Lumpur, Malaysia, from May 6th to 9th, 2024. ASELSAN attends the exhibition together with 1,320 plus companies from 60 countries as exhibitors, and 34 countries hosting their own pavilions. With a strong presence and an extensive line-up of national products, ASELSAN aims to expand its footprint in the Asia-Pacific region.

Ahmet Akyol, General Manager of ASELSAN, highlighted his company’s commitment to fostering defence industry collaboration between Malaysia and Türkiye.

“Our participation in one of the largest defence exhibitions in the Asia-Pacific region should firmly signal ASELSAN’s dedication to strengthening ties by providing cutting-edge solutions to meet the technological needs of not just Malaysia but other regional countries as well,” he stated.

Malaysia is the hub for the growth strategy in the Asia-Pacific region

Emphasizing the strategic importance of Malaysia in ASELSAN’s global expansion plans, Akyol added,

“Malaysia serves as a strategic hub for our growth plans in the Asia-Pacific. With over two decades of presence in the Malaysian market and the establishment of ASELSAN Malaysian SDN BHD in 2017, we believe we are very well positioned to capitalize on emerging opportunities and deepen our engagement in the region.”

The longstanding cooperation between Malaysia and Türkiye in the defence industry provides a solid foundation for ASELSAN’s further push into the region. Both countries have expressed keen interest in further developing cooperation to leverage their joint expertise in defence technologies. This collaborative approach, which extends beyond mere purchase agreements to investments, manufacturing, and technology transfer, aligns with ASELSAN’s vision of building lasting partnerships and contributing to Malaysia’s defence modernization efforts.

ASELSAN commits to Malaysia by showing at DSA-NATSEC

At the exhibition, ASELSAN will present a range of products, with a particular focus on advanced naval systems. ASELSAN General Manager Ahmet Akyol highlighted,

“Our participation in DSA-NATSEC International Exhibition reflects our commitment to sharing ASELSAN’s paradigm-changing technologies in the global battlefield. We are proud to demonstrate our presence and capabilities in Malaysia, which we view as a springboard for our export-oriented growth strategy.”

In line with its growth strategy, ASELSAN aims to enhance its market share and establish itself as a key player in Malaysia’s defence industry landscape.

“By leveraging our national systems and expertise, we seek to elevate Malaysia’s defence capabilities and contribute to the country’s advancement in the global defence arena,” Akyol concluded.

Source: ASELSAN

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Mehmet Kaya
ASELSAN Malaysia
Email: me.kaya@aselsan.com

--BERNAMA

KFSH&RC TO BOLSTER HEALTHCARE EXCELLENCE WITH DEPUTY CEO HIRING

KUALA LUMPUR, May 14 (Bernama) -- King Faisal Specialist Hospital and Research Centre (KFSH&RC) has appointed Dr Björn Zoéga as its Deputy Chief Executive Officer (CEO), underscoring its commitment to promote and foster healthcare excellence.

Renowned for his extensive experience in healthcare management and policy, Dr Zoéga joins a dedicated team as the hospital continues to drive key strategic initiatives, according to a statement.

As a leader in medical research and clinical services, KFSH&RC continues to attract global expertise to bolster its vision of healthcare excellence, and with Dr Zoéga's involvement, the hospital is advancing a digital transformation strategy designed to improve operational efficiency and enhance patient care.

His expertise in fostering international collaborations, evidenced by his former role as president of the European University Hospital Alliance (EUHA) and through initiatives like JOIN4ATMP aimed at advancing access to innovative therapies, further aligns KFSH&RC's services with global healthcare trends.

Dr Zoéga's previous contributions at Karolinska University Hospital, which is ranked the second best in Europe and seventh globally by Newsweek's 2024 World's Best Hospitals, where he nurtured a culture of continuous learning and collaboration among healthcare professionals, align well with KFSH&RC's objectives.

His role in fostering programmes like EUCARE and facilitating the Europe-wide exchange of intensive care nurses during crises has significantly enhanced staff development and supported his previous hospital's goal of attracting top talent, a principle mirrored in KFSH&RC's transformation journey.

With Dr Zoéga contributing to leadership, KFSH&RC is poised to further its role as a pivotal player in shaping the future of healthcare in Saudi Arabia.

Key projects at KFSH&RC include the deployment of advanced digital technologies to streamline the patient care process, the adoption of innovative care models, and the upgrading of facility amenities, aiming to improve access to medical services and facilitate better communication, reflecting KFSH&RC's dedication to setting new standards in healthcare.

-- BERNAMA

ANESSA SUNSHINE PROJECT NURTURES CHILDREN'S HOLISTIC WELL-BEING VIA OUTDOOR EXPERIENCES

 

_{(Graphic: Business Wire)}

KUALA LUMPUR, May 14 (Bernama) -- ANESSA, the number one suncare brand in Asia from Shiseido, has unveiled the ANESSA Sunshine Project, a groundbreaking initiative to promote children’s holistic well-being by safely harnessing the power of the sun.

According to a statement, the goal is to directly reach over 300,000 children cumulatively, including related initiatives, by 2030.

Shiseido Chief Brand Officer of Global Premium Brands, Chiaki Tomita said: “We look forward to expanding these efforts through the ANESSA Sunshine Project to encourage children to play outdoors and enjoy the many holistic benefits.”

The project will begin in Japan and eventually encompasses 12 Asian countries/regions where ANESSA products are sold, namely, China, Hong Kong, Indonesia, Japan, Korea, Macau, Malaysia, Philippines, Singapore, Taiwan, Thailand, and Vietnam.

Based on ANESSA’s “Free to Shine: let people shine infinitely under the sun” brand purpose, the project will include three main activities to help children build a foundation for lifelong well-being through healthy outdoor experiences under the sun including participatory events for children; ultraviolet (UV) education; and support for Xeroderma Pigmentosum (XP) patients.

ANESSA will host special events to encourage children to enjoy more holistic well-being by playing outside spontaneously; continue providing opportunities to help schools, children and their parents learn about UV protection; as well as continue offering sunscreen products and financial support to patients suffering from XP, an incurable genetic disease that prevents exposure to UV rays.

In addition, a video on the health benefits of children playing outside is now available on Shiseido’s YouTube channel which features parents in urban areas of China, Japan, Thailand and Vietnam talking about the limited outdoor play time of today’s children.

ANESSA was created to provide UV protection that allows people to enjoy the benefits of sunshine, the ultimate source of life-giving energy.

Going forward, the ANESSA Sunshine Project will address this growing need in modern society by helping children across Asia build a foundation for lifelong holistic well-being through nurturing experiences under the sun.

-- BERNAMA

YARA CLEAN AMMONIA TO OFFTAKE RENEWABLE AMMONIA SUPPLY FROM INDIA'S AM GREEN PROJECT

Ammonia production facility and port infrastructure on East coast of India (Photo: Business Wire)

KUALA LUMPUR, May 14 (Bernama) -- Yara Clean Ammonia signed a term sheet with Greenko ZeroC, the green ammonia production arm of India-based AM Green, securing up to 50 per cent of renewable ammonia supply from Phase 1 of AM Green’s ammonia production facility in Kakinada, India.

The plant will produce and export renewable ammonia derived from round-the-clock carbon free energy by 2027, according to a statement.

Yara Clean Ammonia Chief Executive Officer, Hans Olav Raen said the AM Green Kakinada project expands its portfolio of ammonia produced with renewable energy and consolidates the company’s position as a reliable supplier of low-emission ammonia to established and emerging markets such as fertiliser production, cracking of clean ammonia to hydrogen, shipping fuel, power generation, and other industrial applications.

Meanwhile, AM Green President, Mahesh Kolli said: “Continuous focus on innovation combined with execution reinforces AM Green’s leadership position as a global clean energy transition solutions platform for low-cost green molecules such as hydrogen, ammonia, fuels and other chemicals.”

Renewable ammonia and other sustainable fuels from AM Green’s platform, will be compliant with European Union (EU) renewable fuels of non-biological origin (RFNBO) and Renewable Energy Directive requirements.

For Yara Clean Ammonia, the renewable ammonia supply will contribute to producing low-emission fertiliser and for decarbonising other industries like shipping, power, and other industries.

Headquartered in Oslo, Norway, Yara Clean Ammonia operates the largest global ammonia network with 15 ships and has, through Yara, access to 18 ammonia terminals and multiple ammonia production and consumption sites worldwide.

-- BERNAMA