Thursday, January 31, 2019

Expanding Beyond Rental Power, Altaaqa Global Announces Major Rebrand

Dubai, United Arab Emirates, -Thursday 31 January 2019 [ AETOS Wire ]

Altaaqa Global Caterpillar Rental Power, a global provider of temporary power services, has recently announced a major rebranding. The company will from now be known as Altaaqa Global Energy Services.

James Shepherd, Chief Executive Officer, said: “The global energy landscape has changed, and so are the requirements of the sectors we serve, like mining, manufacturing, cement and utilities. In order to cater to their demands, and reflect the change in the company business proposition providing longer-term projects as an integrated Renewable and Reciprocating solution provider, the new brand reflects the strategic direction the company has taken.”

Transcending its traditional scope of solely providing temporary power solutions, Altaaqa Global Energy Services now offers power plants on flexible short-, medium- and long-term contracts with tailored project financing arrangements, including Build-Operate-Own-Transfer (BOOT).

Furthermore, the company now delivers cost-efficient, bespoke multi-megawatt power plants comprising a wider range of power generation systems, including reciprocating engines, turbines and hybrid technologies, capable of running on diesel, gas or HFO.

“We aim to be more than just a technology provider,” said Shepherd. “In all that we do, we seek to be attentive and responsive to our clients’ needs – a true strategic power partner. Our aim is to provide a complete world-class, trusted and reliable energy services and, more importantly, to make a difference to the society and to our stakeholders.”

Majid Zahid, Group President, Energy at Zahid Group, a global industry conglomerate and the company’s parent company, added: “With this rebrand, we are not only redefining who we are, but we are also driving change and taking a leadership role in shaping the future of the energy industry.

The Zahid Group’s ethos has always been built on integrity, commitment, hard work and expertise – values that have allowed us to prosper for more than 100 years. We pride ourselves on the relationships we build with our clients and partners, and on the social and economic progress we encourage through our products and services.”

The rebranding includes a complete redesign of the company’s logo, graphics, communications, and correspondence. The company’s new website will be launched in end-January.

Contacts

Jerome Sanchez,

Marketing Specialist, +971551374518, +97148808006

Jsanchez@altaaqaglobal.com

Permalink : https://www.aetoswire.com/news/expanding-beyond-rental-power-altaaqa-global-announces-major-rebrand/en

Philip Morris International Recognized as a Global Top Employer for Third Year in a Row

LAUSANNE, Switzerland-Thursday 31 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Philip Morris International Inc. (PMI) (NYSE: PM) today is recognized as a Global Top Employer for the third year running. This year’s certification is awarded to PMI teams in 49 countries – the largest number to date – and reaffirms the company’s consistency and excellence in offering an enriching and dynamic work environment, and exceptional development opportunities for its employees worldwide. In addition to the PMI teams previously certified passing the rigorous Top Employer process again, several more country-level affiliates are included this year: Armenia, Georgia, Guatemala, Peru, Thailand, Tunisia, and the USA. PMI is also awarded the Regional Top Employer label in five regions for the second consecutive year: in Africa, Europe, Latin America, the Middle East and North America.

“Today is a very proud day for us at PMI. We’ve been named as a Global Top Employer for the third year in a row, achieved the Regional Top Employer label in five regions for the second time, and achieved Top Employer status for more PMI country teams than ever before,” said Charles Bendotti, PMI Senior Vice President, People and Culture. “We’re a company in transformation on a journey to meet our bold vision of a smoke-free world. Our people play a tremendous role in that transformation and I want to thank them for their dedication and continued commitment to making PMI a great place to work – one that is vibrant, inclusive and which offers lots of opportunities to its staff. This is what makes PMI an employer of choice.”

PMI employs more than 80,000 staff worldwide from over 90 countries. The company offers robust training and development programs, challenging international career opportunities, together with strong reward and recognition programs.

Philip Morris International: Building a Smoke-Free Future

Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine containing products in markets outside the U.S. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements. PMI's smoke-free IQOS product portfolio includes heated tobacco and nicotine-containing vapor products. As of September 30, 2018, PMI estimates that approximately 5.9 million adult smokers around the world have already stopped smoking and switched to PMI’s heated tobacco product, which is currently available for sale in 43 markets in key cities or nationwide under the IQOS brand. For more information, see our PMI and PMIScience websites.

About the Top Employers Institute

The Top Employers Institute is the global authority on certifying excellence in employee conditions.

We are dedicated to accelerating the impact of people strategies to enrich the world of work through certification, benchmarking and connecting Top Employers around the world. Through our certification programme, we enable organisations to assess and improve their workplace environment.

Established more than 25 years ago, the Top Employers Institute has certified over 1500 organisations in 118 countries. These Certified Top Employers positively impact the lives of over 6 000 000 employees globally.

Interested in becoming a Certified Top Employer or want to learn more? Visit the Top Employers Institute website.



View source version on businesswire.com: https://www.businesswire.com/news/home/20190131005340/en/


Contacts

Philip Morris International
media office
T: +41 (0)58 242 4500
E: Lisa.McCooey@pmi.com


Permalink : https://www.aetoswire.com/news/philip-morris-international-recognized-as-a-global-top-employer-for-third-year-in-a-rownbsp/en

25 Artists from Saudi Arabia, GCC and Europe Enrich “Al ‘Obour” Contemporary Arts Exhibition

JEDDAH, Kingdom of Saudi Arabia-Thursday 31 January 2019 [ AETOS Wire ]

The Saudi Art Council gears up to launch Al Obour (the crossing), a multigenerational aesthetic experience, to be opened to the public on February 6th at their headquarters in Gold Moor Mall, Jeddah.

Dr. Effat Fadag, Exhibition Curator, said the three-month artistic event attracts the work of three generations of contemporary artists in the Kingdom, in an attempt to build bridges of communication and open dialogue between them.

The exhibition will feature entries from more than 25 Arab and international artists from across Europe and the Middle East. “This year's edition will include lectures, workshops and panel discussions, as well as discovery trips to the historical area of Jeddah” Dr. Fadag explained.

She pointed out that in this year’s exhibition will seek to assimilate modern technology in creating an interactive and immersive experience inspired by the concept of “crossing”.

Explaining the title of the exhibition, Dr. Fadag said, "The main theme of the exhibition is to question the nature of crossing through its different manifestations. It answers the questions: How do we cross? Is it a physical or metaphysical crossing? What are the different socio-cultural classes from which we can pass?".

She concluded by saying that the exhibition will expand to the historic area of Jeddah to address the concept of traditional “myths and legends” from a contemporary perspective.

“Our partnership with the Saudi Art Council provides our clients with access and insight into the compelling world of contemporary art’, said Ali Janoudi, Head WM Central & Eastern Europe, Middle East & Africa at UBS and Vice Chairman of the Board, UBS Saudi Arabia. “Art can help us imagine a future of limitless potential, and channel fresh ideas in the direction of positive, sustainable growth”.

Alessandro Maffi, Van Cleef & Arpels Managing Director Middle East and India, said, “Our participation in this year’s exhibition further highlights the Maison’s legitimacy in supporting the art and design scene of Saudi Arabia. Al ‘Obour Exhibition is a unique platform and a significant event that allows us to express the Maison’s exceptional High Jewelry know-how and share our stories with all.”

Al ‘Obour Exhibition is made possible by the support and sponsorship of Al Mansouria Foundation, UBS, Van Cleef & Arpels, Midwam, Tamer Group, BWM Mohammed Yousef Naghi Motors, Quintessentially, German Consulate in Jeddah, French Consulate in Jeddah, Al Kabli Holding, Hilton Hotel, Medd Coffee, Spark, Blank Studio.

Contacts

Saleh Fareed, Media Affairs Manager, +966504611745

saleh@perspectiveintl.com

www.saudiartcouncil.org

Instagram: @saudiartcounil.org


Permalink : https://www.aetoswire.com/news/25-artists-from-saudi-arabia-gcc-and-europe-enrich-ldquoal-lsquoobourrdquo-contemporary-arts-exhibition/en

Trump International Hotel Washington, D.C. Announced as One of the Top Four United States TripAdvisor’s Travelers’ Choice Award Winners

Only Forbes Five Star Hotel in Downtown Washington, D.C. now ranked #4 of Top Luxury Hotels in the United States

WASHINGTON-Monday 28 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Trump International Hotel® Washington, D.C. announced today that it has been awarded by TripAdvisor®, the world's largest travel site, two Travelers’ Choice Awards, ranking it #4 of Top Luxury Hotels in the United States and #7 of all hotels in the United States. Travelers' Choice award winners were determined based on the millions of reviews and opinions collected in a single year from TripAdvisor travelers worldwide.

Opened in September 2016, the hotel has quickly achieved worldwide recognition for service excellence by leisure, business and group guests. Managing Director, Mickael Damelincourt, a twelve-year veteran of Trump Hotels, leads his highly experienced Executive Leadership team in the everyday pursuit of excellence. He commented, “The team’s continued passion for delivering exceptional guest experiences has set us apart from the competition and is recognized by guests who expect personalized service and recognition throughout their stay with us.”

“Since the moment we opened our doors, Trump International Hotel has quickly proved itself to be one of the finest hotels anywhere in the world. We have the best location, an absolutely unrivaled product and most importantly an incredible team,” said Eric Trump, Executive Vice President of the Trump Organization.

Adding to the prestige, in October Trump Washington, D.C. was also named by Forbes Travel Guide Verified List as one of the 2018 World’s Most Luxurious Hotels, one of only 58 hotels in the world across 17 countries. This came months after the hotel achieved its Forbes Five Star designation after only one full year of operation, a true testament to the extraordinary service delivered by this team.

About Trump® International Hotel, Washington, D.C.

Washington’s historic Old Post Office has been restored beyond its initial grandeur and proudly stands as the iconic, five-star Trump® International Hotel Washington, D.C., bringing a new level of luxury to Pennsylvania Avenue. The richly luxurious guest rooms and suites, among the largest in Washington, D.C., feature lofty 16-foot ceilings, soaring windows, beautifully restored historic millwork, and glittering crystal sconces and chandeliers. The thirty-five suites include the Trump Townhouse with its private entrance on Pennsylvania Avenue. At 6,300 square feet of interior space, it is the largest and most luxurious suite in Washington, D.C. and among the largest in the country. The hotel also offers a total of 38,000 square feet of meeting and event space, including the opulent 13,200-square-foot Presidential Ballroom, the largest among D.C. luxury hotels, a 10,000-square-foot Spa and Fitness Center, D.C.’s first BLT Prime restaurant by Chef David Burke and the country’s second location of Sushi Nakazawa by Chef Daisuke Nakazawa. For more information, visit www.trumphotels.com/washington-dc. Connect with us on Facebook, Twitter and Instagram.

About TRUMP HOTELS™

Trump Hotels™ is a brand of five-star luxury hotels and resorts with a mission of providing extraordinary customer experiences and luxury accommodations. Its exceptionally designed hotels in iconic locations put guests at the heart of each destination. Each property provides a variety of offerings including signature programs designed with the guest in mind, and every hotel has a distinct design that is culturally-relevant, with iconic architecture that is contextual to the destination. The brand’s “Never Settle” philosophy permeates its everyday work culture, with dedicated leaders and talented associates priding themselves on impacting the guest experience with exacting standards and keen attention to detail.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190125005442/en/

Contacts
Patricia Tang
Director, Sales & Marketing
ptang@trumphotels.com
+1-202-868-5010

Permalink : https://www.aetoswire.com/news/trump-international-hotel-washington-dc-announced-as-one-of-the-top-four-united-states-tripadvisorrsquos-travelersrsquo-choice-award-winners/en



NTT Exhibits at MWC19 in Barcelona, the World’s Largest Mobile-Related Trade Show

-- Showcasing Digital Transformation Solutions to Usher in a Smart World, Introducing the Latest Examples of Business Collaboration in the 5G Segment --



TOKYO-Wednesday 30 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Nippon Telegraph and Telephone Corporation (TOKYO: 9432) (“NTT”), NTT DOCOMO, INC. (TOKYO: 9437) (“DOCOMO”) and other NTT subsidiaries and affiliated companies will be exhibiting together at MWC19 in Barcelona, Spain, from Monday, February 25 to Thursday, February 28, 2019.

At the exhibition booth 3D31 in Hall 3, NTT will introduce representative and forward-looking examples of the digital transformation using AI and IoT and which the NTT Group is deploying globally (examples from various industry fields in preparation for a smarter world). Through its exhibits, including a 5G Cyber Jam Session, NTT will showcase the advantages of 5G, such as high data rates/high capacity, low latency, and massive connection density, which NTT plans to make commercially available in Japan in 2020.

Overview of Major Exhibits at the NTT booth

1) Solutions to Achieve a Smart World

    Smart City:
        Public Safety Public safety solution for Las Vegas: a real-time people tracking system jointly developed with Panasonic
        Smart Mobility Demonstration of technology offering optimal guidance by recognizing and predicting the cross-sectional flow of people and transportation at major events, and an image of MaaS (Mobility as a Service) that provides optimal operation by combining multiple transportation systems using such technology

    Smart Airport: Forward-thinking examples of hand baggage inspections using AI and border controls using facial recognition technology
    Smart Agriculture: Initiatives aiming at efficient and sustainable plant factories. They implement machine learning based on experienced farmers’ know-how
    Smart Factory: Technology enabling long-distance transmissions while maintaining quality applied to advanced laser processing by harmonizing NTT’s photonic crystal optical fiber technology and Mitsubishi Heavy Industry’s high-power laser processing technology as well as additional smart technologies for factories, thereby reducing downtime

2) 5G Exhibits

    5G Cyber Jam Session
        Real-time performance by virtual, on-stage, and distant band members
    Mobile SCOT (Smart Cyber Operating Theater) Realized by 5G
        Innovative solution to enable advanced medical treatment in diverse environments
    Diorama Stadium
        AR sports viewing platform based on cloud computing
    Smart Construction Powered by 5G & IoT
        5G-enabled remote machinery operation and IoT-based site management to realize a safer, more productive worksite
    DOCOMO 5G
        5G initiatives, technologies and devices

3) Other

    Demonstration of the concept of LASOLV, a new computer solving intractable problems by using the properties of light
    Demonstration of a concept to achieve a world in which people are capable of natural interaction with the environment
    Demonstration of a new sports spectator experience using surround video synthesis transmission technology, which synthesizes and synchronizes transmission of multiple 4K images in real time
    Introduction and demonstration of NTT Group’s global coverage

Further details will be provided on a dedicated website:

NTT Group MWC19 Barcelona website:
http://www.ntt.co.jp/activity/mwc/en/


(Reference)

Overview of MWC19 Barcelona
Dates           Monday, February 25, 2019 to Thursday February 28, 2019
Venues           Fira Gran Via and Fira Montjuïc (Barcelona, Spain)
Main Sponsor           GSMA
Anticipated Number of Exhibitors           More than 2,400 companies
Expected Number of Visitors           More than 100,000
Official Website          

https://www.mwcbarcelona.com/





View source version on businesswire.com: https://www.businesswire.com/news/home/20190129005371/en/

Contacts

For Further Information, please contact:
PR Office
Nippon Telegraph and Telephone Corporation
Email: ntt-cnr-ml@hco.ntt.co.jp


Permalink : https://www.aetoswire.com/news/ntt-exhibits-at-mwc19-in-barcelona-the-worldrsquos-largest-mobile-related-trade-show/en

Wednesday, January 30, 2019

Connectivity in Tonga Restored by SES Networks and Digicel Following Fibre Outage

 Deployment of SES Networks’ Signature Telecom Solution re-enabled mobile networks and broadband access across the South Pacific nation



LUXEMBOURG-Wednesday 30 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Mobile networks and broadband access services for business and consumer customers operated by Digicel Tonga were rapidly restored across the Polynesian archipelago by SES Networks' managed services following a severe fibre outage last week, announced SES.

Under the agreement Digicel, a mobile network provider operating in the Caribbean, Central America and Asia Pacific, uses SES’s reliable and comprehensive C-band beams to deliver satellite-enabled and scalable IP transit trunk circuits between Tonga and Fiji. SES Networks’ Signature Telecom Solution enabled Digicel Tonga to ensure business critical services were available to customer across the island nation.

Connectivity in the Polynesian country was disrupted when the Tonga Cable System, an 827-kilometre-long fibre optic submarine cable that links Sopu in Tonga and Suva in Fiji, was cut in two places on 20 January. The cable cuts occurred in relatively shallow offshore water, and it has been suggested that the damage may have been caused by a ship’s anchor, negatively impacting education, commerce and tourism.

“We are extremely proud to deliver reliable, high-speed broadband connectivity to nations that experience unexpected outages, so that their citizens can continue with daily communications and business activities uninterruptedly,” said Imran Malik Khan, VP, Global Fixed Data Sales at SES Networks. “We have worked closely together with Digicel in the past in the Asia Pacific region, and now we’re able to implement together our Signature Telecom Solution in a record time in Tonga. We are especially pleased to help Tongan people get back online while efforts to repair the Tonga Cable System cable are taking place.”

“Our job always is to ensure that our customers are as connected as possible. We have been hugely helped in that by SES Networks who provided a reliable and flexible solution that could help us overcome the challenges faced when trying to get our mobile networks and broadband access up and running where and when we needed it in the shortest possible time.,” said Francis Thomsen, CEO at Digicel Tonga. “Our customers have an alternative path to access data services at all times through SES’ satellite fleet and the peace of mind that Digicel is always working to keep them connected.”

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About SES

SES is the world’s leading satellite operator with over 70 satellites in two different orbits, Geostationary Orbit (GEO) and Medium Earth Orbit (MEO). It provides a diverse range of customers with global video distribution and data connectivity services through two business units: SES Video and SES Networks. SES Video reaches over 351 million TV homes, through Direct-to-Home (DTH) platforms and cable, terrestrial, and IPTV networks globally. The SES Video portfolio includes MX1, a leading media service provider offering a full suite of innovative services for both linear and digital distribution, and the ASTRA satellite system, which has the largest DTH television reach in Europe. SES Networks provides global managed data services, connecting people in a variety of sectors including telecommunications, maritime, aeronautical, and energy, as well as governments and institutions across the world. The SES Networks portfolio includes GovSat, a 50/50 public-private partnership between SES and the Luxembourg government, and O3b, the only non-geostationary system delivering fibre-like broadband services today. Further information is available at: www.ses.com

About Digicel

Digicel Group is a total communications and entertainment provider with operations in 31 markets throughout the Caribbean, Central America and Asia Pacific. Digicel also runs a host of community-based initiatives across its markets, including Digicel Foundations in Haiti, Jamaica, Papua New Guinea and Trinidad and Tobago which focus on educational, cultural and social development programs.

Visit www.digicelgroup.com for more information.



View source version on businesswire.com: https://www.businesswire.com/news/home/20190130005349/en/

Contacts

SES
Markus Payer
Corporate Communications & PR
Tel. +352 710 725 500
Markus.Payer@ses.com


Permalink : https://www.aetoswire.com/news/connectivity-in-tonga-restored-by-ses-networks-and-digicel-following-fibre-outage/en

P&G Joins TerraCycle’s Loop – an Environmentally Friendly and Convenient E-Shopping Platform – With 11 Household Brands

Game-Changing Model will be tested in Paris and New York in 2019

DAVOS, Switzerland-Tuesday 29 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- The Procter & Gamble Company (NYSE:PG) today announced the introduction of reusable, refillable packaging on some of its most popular products as part of a new effort that aims to change the world’s reliance on single use packaging and disposable waste. Additionally, new “collect and recycle” circular solutions that help eliminate waste were also introduced as part of a partnership with LoopTM, a circular e-commerce platform developed by international recycling leader TerraCycle. Many of P&G’s largest global brands, including PanteneTM, TideTM, CascadeTM and Oral-BTM will participate in this innovative platform later this year.

Loop is a first of its kind global packaging and shopping circular solution which aims to improve the environmental performance and convenience standards compared to current e-commerce solutions through packaging that is collected, cleaned, refilled and reused. Loop also offers the option to collect used products from consumers’ doorsteps for further recycling or reuse. P&G was the first consumer products company to join Loop.

Announced at the World Economic Forum Annual Meeting in Davos, Switzerland, this partnership further advances P&G’s Ambition 2030 sustainability goals and the Company’s ongoing commitment to turning sustainable intentions into positive everyday actions.

P&G scientists and engineers have developed innovative manufacturing, packaging and distribution solutions that will delight consumers and make sustainable living easy for participating consumers. Eleven P&G brands will be available in Loop in one of three formats. The Loop system will be validated and optimized through real in-market learning experiments beginning in mid-2019 in New York and Paris.

Durable Packaging

Household favorites such as Pantene, Tide, Cascade and CrestTM have designed new durable and refillable packaging, featuring luxurious containers with new features and functionalities.

Pantene is introducing a unique bottle made with lightweight, durable aluminum for its shampoo and conditioner.
Tide, America’s #1 laundry detergent, is participating in Loop with its Tide purclean plant-based laundry detergent in a new durable bottle made from stainless steel with a simple twist-cap and easy pour spout.
Cascade, continually looking for ways to make the dish cleaning experience better and environmentally friendly, has developed a new ultra-durable packaging for Cascade ActionPacs which enable consumers to skip the prewash.
Crest is driving sustainability in Oral Care through new Crest Platinum mouthwash, a unique formula that delivers fresh breath and stain prevention in a sustainable, refillable glass bottle.
ArielTM and FebrezeTM are participating with durable, refillable packaging that is also available in stores, testing a new direct-to-consumer refill and reuse model.
Recycling Products Refills

Oral-B, the innovation leader in Oral Care for more than 50 years will test circular solutions for both its electric rechargeable and manual toothbrushes. Oral-B CLIC, a new iconic design for manual toothbrushes features a durable handle equipped with a unique mechanism that allows consumers to only exchange the brush head. The Loop platform will recycle used brush heads for both manual and electrical brushes.
GilletteTM and VenusTM will provide premium travel packs as durable packaging that the consumer will keep in addition to the handle. The used parts and blades from these grooming products will be collected from consumers for further recycling by TerraCycle.
Recycling Used Hygienic Products

PampersTM and AlwaysTM will test collecting used hygiene products from consumer homes for further recycling using ground-breaking proprietary technology developed by Fater, a P&G and Angelini Group Joint Venture. The technology turns used absorbent hygiene products into secondary raw materials for higher value applications.
“We are building on more than 180 years of innovation and world-class consumer insight to enable responsible consumption at scale,” said Virginie Helias, P&G’s Vice President and Chief Sustainability Officer. “We’re proud to partner with TerraCycle as the first CPG company to be part of this transformative program, which is just one of the many ways we are delivering on our Ambition 2030 goals to accelerate sustainable innovation and drive circular solutions.

“The time to act is now. We are passionate about harnessing the power of our global reach and the strength of our trusted global brands to scale-up more sustainable solutions. Transformative partnerships are key to achieve this mission as no one can succeed alone,” she continued.

“We are happy to partner with P&G and other global brands, retailers, infrastructure companies, and the World Economic Forum to create a new way to more responsibly consume products,” said TerraCycle CEO Tom Szaky. “Loop aims to not just eliminate the idea of packaging waste but greatly improve the product experience and the convenience in how we shop. Through Loop, consumers will be able to responsibly consume products in specially-designed durable, reusable or fully recyclable packaging. Through the power and reach of trusted brands such as those of P&G we will be able to change consumers' habits and achieve the scale required for the model to achieve its objectives.”

How Loop Works

SHOP: Consumers will go to the Loop website or Loop partner retailer’s websites and shop for trusted brands now redesigned to be packaging waste-free.
RECEIVE: Consumers receive their durable products in Loop’s exclusively designed state-of-the-art shipping tote that eliminates the need for single-use shipping materials like cardboard boxes.
ENJOY: Consumers experience elegance and convenience all while eliminating the idea of throw-away packaging waste.
PICK-UP: There is no need to clean and dispose of the package; as consumers finish their products, they place the empty package into one of their Loop Totes. Loop will pick-up directly from their home.
CLEAN: Loop’s team of scientists has developed custom cleaning technologies so that each product may be safely reused.
REFILL, RECYCLE OR REUSE: Loop promptly replenishes products as needed and returns the refilled shipping totes to the consumer. If there is recoverable used product such as diapers, pads, razors or brush parts, they will be recovered to be reused or recycled.


P&G Products Available via Loop

Pantene

Our goal is to give more women more Great Hair Days and we are continuously innovating and improving the quality of our products and packages. This important solution can help eliminate packaging waste all together with a shampoo and conditioner bottle that commemorate our love for the oceans and environment. We are partnering with TerraCycle Loop to help move away from disposable plastic bottles to durable bottles and supply chains with refilling systems, where the waste is never created. These unique bottles, made with light but durable aluminum, is designed to be cleaned, refilled and reused as part of the Loop system and is consistent with our overall ambition and our aim to be at the forefront of the industry.

Tide

We know clean matters – to you, your family and our planet, that’s why we created Tide purclean: the first plant-based laundry detergent with the cleaning power of Tide. This new Tide purclean bottle is made from stainless steel, with a simple durable twist-cap and easy pour spout. When you’re out of detergent, simply put the refillable bottle in your Loop tote, and it will be cleaned, refilled and ready to be used again. Formulated for your whole family, Tide purclean is formulated without dyes and is gentle on sensitive skin. The formula is made at a site that purchases renewable wind power electricity and sends zero manufacturing waste to landfill, making Tide purclean a planet-conscious choice that’s designed with our future in mind. Lighten the load with Tide purclean.

Cascade

Cascade® is continually looking for ways to make your experience better and to ensure that it’s environmentally friendly with our new ultra-durable packaging. When you’re out of Cascade ActionPacs™, simply put the refillable bottle in your Loop tote, and it will be cleaned, sterilized, refilled and ready to be used again. Cascade Platinum ActionPacs™ clean 24-hour stuck-on food so well, they enable consumers to skip the pre-wash. This can save up to 15 gallons of water per dishwasher load. And, when multiplied by all dishwasher users that pre-wash, this can save up to 150 billion gallons of water each year in the United States alone.

Crest

Crest is leading the way to a more sustainable innovation for mouthwash. Crest Platinum’s alcohol, peroxide and paraben free formula freshens your breath and helps protect your teeth from stains. Crest Platinum will be available in a beautiful, refillable glass bottle topped with a stainless-steel cap and protected by a silicone sleeve. Replenishment right to consumers’ doors means lugging around heavy mouthwash bottles can be a thing of the past. Now that’s something to smile about.

Ariel

We know impeccable clean in the most compacted form matters – to you, your family and our planet, that’s why we created Ariel Pods, our most innovative detergent for an impeccable clean. We are now offering a durable Ariel Pods’ family pack you can use again and again. When you’re out of detergent, simply put the refillable pack in your Loop tote, and it will be cleaned, sterilized, refilled and ready to be used again. No more carrying detergent home from the store, and no more packaging to discard once the laundry is done. You can use Ariel 3in1 Pods even at low temperatures and get Ariel’s impeccable clean. Made in France at a site that purchases renewable wind power electricity and sends zero manufacturing waste to landfill, Ariel Pods also contain 70% less water in the formula vs. Ariel liquid detergent and are designed with our future in mind.

.Always keep out of reach of children.

Febreze

Showcasing its continuous commitment to the care for the environment, Febreze makes its latest innovation called Febreze ONE in the US and Zero% in Europe available also via Loop platform as it comes in packaging that is reusable and recyclable. Febreze ONE/Zero% with no propellant and no heavy perfumes can be used both on air & textile (fabric). With its water based formula (90%) and a patented technology, using Cyclodextrin, an ingredient derived from corn starch that traps odors, it doesn’t just mask odors but neutralizes them and eliminates them from the air. Febreze is already part of the TerraCycle recycling program that has recycled more than 1,000,000 pieces of Febreze packaging from landfill around the world.

*Source: Internet survey, October 2017 France and United Kingdom, showing 63% of 221 respondents

Oral-B

Oral-B, the innovation leader in Oral-Care for over 50 years will test circular solutions for both its electric rechargeable and manual toothbrushes. It enters Loop with a breakthrough re-invention of the manual-toothbrush category: Oral-B CLIC, a new iconic design that reduces plastic waste through a durable handle made out of a unique composite material, largely based on premium minerals and equipped with the unique ClicFit™ mechanism that allows consumers to only exchange the brush head. The Loop platform will in parallel recycle used brush heads for both manual and electrical brushes.

Gillette

For more than 115 years, Gillette has delivered precision technology and unrivalled product performance – improving the lives of over 800 million men around the world. On Gillette Fusion5™ ProShield razor, we will offer a premium razor travel case in place of our traditional packaging, which consumers will be able to keep in addition to their handle. One razor blade refill equals up to one month of shaves, and once guys are ready for new blades, they can return them in their Loop tote to be recycled.

Gillette Venus

Gillette Venus, the world’s number 1 shaving brand for women takes another step that takes Gillette Venus towards the brand’s vision of 100% recyclable or reusable packaging as well as durable and sustainable product solutions that delight women across the world. Gillette Venus is encouraging the use of durable razor handles and blade supply chains with built-in recycling systems. Introducing our latest innovation – the Venus Platinum Extra Smooth razor. It features the first Venus metal handle, ergonomically designed to boost control during shaving and ensure durability for a long-lasting use in every woman’s beauty routine. The cartridges are made with 5 high-quality blades delivered in a reusable metal tin. When they are ready to be changed, the blades can simply be put in the Loop tote, and Loop will collect and recycle them, while women can order new ones.

Pampers and Always

Pampers and Always are committed to environmental sustainability and we believe we have a role to play in reducing plastic waste and contributing to a circular economy. We are pioneering a best in class recycling program of hygiene products, including Baby diapers and Feminine Hygiene pads and liners, to give used products a new life. Pampers and Always are the world’s first absorbent hygiene brands that use Fater’s new advanced technology to recycle diapers to higher value applications. Fater is a joint venture of P&G and Angelini and make Pampers and Always in Italy. Within Loop, we will test for the first time this technology with selected consumers in France. A durable and reusable bin for AHPs will be shipped to your doorstep containing Pampers and Always products. The bin has been specifically designed to serve multiple functions - hermetically sealed and with carbon filter to obstruct odor, easy to manipulate with a swivel top for convenience, and aesthetically designed to fit into any home. Simply put your used diapers and pads in. When your bin is full, you can request a pick up so that your bin gets cleaned, sterilized and shipped back to you with new Pampers and Always products. Your used absorbent hygiene products will be directed to recycling facilities for processing.

About Procter & Gamble

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.

About TerraCycle

TerraCycle is an innovative waste management company with a mission to eliminate the idea of waste®. Operating nationally across 21 countries, TerraCycle partners with leading consumer product companies, retailers, cities, and facilities to recycle products and packages, from dirty diapers to cigarette butts, that would otherwise end up being landfilled or incinerated. In addition, TerraCycle works with leading consumer product companies to integrate hard to recycle waste streams, such as ocean plastic, into their products and packaging. TerraCycle has won over 200 awards for sustainability and has donated over $25 million to schools and charities since its founding 15 years ago. To learn more about TerraCycle or get involved in its recycling programs, please visit www.terracycle.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190124005087/en/

Contacts
Becky East
Associate Director, H&K Strategies
Becky.East@hkstrategies.com
+442074933093

https://www.aetoswire.com/news/pampg-joins-terracyclersquos-loop-ndash-an-environmentally-friendly-and-convenient-e-shopping-platform-ndash-with-11-household-brands/en

HILTON ENTERS 100TH YEAR WITH RECORD GROWTH AND INDUSTRY-LEADING INITIATIVES

World’s most hospitable company opens more than one hotel per day, expands to 113 countries and territories, plans to halve environmental footprint and double social impact

MCLEAN, Va.-Wednesday 30 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Hilton (NYSE: HLT) announced that in 2018 it achieved a fourth consecutive year of record-breaking growth including deals signed, construction starts and new openings, and launched bold corporate responsibility goals while remaining a World’s Best Workplace.

“Hilton was founded on the noble premise that travel can make the world a better place, and 100 years into our journey, this premise still guides us today,” said Christopher J. Nassetta, president & chief executive officer, Hilton. “We have big plans to continue to grow, innovate and positively impact the world around us, and we expect that 2019 will be our best and most dynamic year yet.”

The company recently unveiled The Hilton Effect, a white paper that showcases the world-changing influence Hilton has had during the past century with guests, Team Members, communities and economies.

“During our first 100 years, we have served more than three billion guests and provided $1 trillion of economic impact through a phenomenon we call The Hilton Effect,” said Kevin Jacobs, chief financial officer, Hilton. “2018 is a great example of how we used our scale and our commitment to hospitality to positively impact communities and economies across the globe. In addition to opening more than a hotel a day and achieving almost seven percent net unit growth, our Team Members volunteered more than 235,000 hours across 93 countries during our Global Week of Service.”

Record Growth: Effect on Economies

    Grew development pipeline to 364,000 rooms across 15 brands, supported by almost 110,000 new rooms approved in 60 countries and territories, with construction starts on 83,000 rooms totaling 184,000 rooms under construction
    Achieved almost seven percent net unit growth, opened more than a hotel per day, adding more than 450 properties to surpass 5,600 properties globally with nearly 913,000 rooms in 113 countries and territories
    Unveiled Motto by Hilton, an affordable lifestyle brand that will give guests the freedom to create their own experiences in the world’s top urban destinations including London, Boston, Dublin and Washington, D.C.
    Expanded luxury portfolio with the launch of LXR Hotels & Resorts and the marquee openings of Waldorf Astoria Las Vegas, Waldorf Astoria Atlanta Buckhead and Waldorf Astoria Bangkok
    Created more than 28,000 new hospitality jobs globally
    Extended Hilton’s signature hospitality to 166 million guests around the world
    Opened 1,000th All Suites Brands by Hilton property with the Homewood Suites by Hilton in Pleasant Hill, California; Curio Collection by Hilton surpassed 65 hotels opened; and Tru by Hilton continued its rapid growth reaching 50 open hotels and celebrated at the Tru by Hilton Salt Lake City Airport
    Opened first tri-branded Hilton property in Chicago at McCormick Place featuring Hilton Garden Inn, Hampton Inn and Home2 Suites

Travel with Purpose: Effect on Communities

    Launched 2030 Goals, which include doubling investment in social impact and cutting the company’s environmental footprint in half
    Became the first major hospitality company to set science-based carbon reduction targets approved by the Science Based Targets initiative
    Pledged to be the first in the industry to commit to sending zero soap to landfill
    Named as the Industry Leader on the Dow Jones Sustainability Index, North America
    Recognized as the Most JUST Company in the hospitality industry on America’s Top 100 Most JUST companies by Forbes
    Debuted as the only hospitality company on FORTUNE’s Change the World List
    Awarded 2018 Best Corporate Steward by US Chamber of Commerce Foundation
    Announced initial investment of $1 million to drive sustainable travel and tourism in Africa
    Volunteered more than 235,000 hours across 93 countries during Global Week of Service

Customer Innovations: Effect on Guests

    Gained more than 14 million new Hilton Honors members, bringing total membership to more than 85 million at year end
    Donated more than 234 million Points by Hilton Honors members to support 325 non-profit organizations
    Scaled the industry-first Digital Key technology to more than 4,100 properties, with 7.6 million downloads in 2018
    Opened more than 40 million doors with Digital Key since launch in 2015
    Rolled out more than 1,800 Connected Rooms, with plans to bring the technology to tens of thousands of rooms across the U.S. as well as the first non-U.S. locations
    Teamed up with SHOWTIME and Netflix to create a more personalized travel experience allowing guests to stream their favorite Netflix series or movie on Connected Room televisions

World’s Best Workplace: Effect on Team Members

    Ranked #2 World’s Best Workplace, appearing on Great Place to Work's® annual list of 25 World's Best Workplaces for the third year in a row
    Recognized by Great Place to Work® in 13 countries including: Australia #4, Brazil #17, China, Colombia #4, India #18, Italy #2, Mexico #4, Netherlands #11, Peru #2, Turkey #2, UAE #7, U.K. #6, and U.S.A. #33
    Recognized as #1 Workplace for Diversity by FORTUNE and a Top 10 Company for Diversity by DiversityInc, climbing 20 places from 2017
    Named #1 Best Workplace for Parents in the U.S. by Great Place to Work®
    Awarded 10 Team Members the opportunity of a lifetime to take a paid four-week Thrive Sabbatical to give a dream or live a dream as part of a commitment to encourage Team Members to Thrive@Hilton

To learn more about Hilton, please visit newsroom.hilton.com.

*Industry data from STR

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 16 world-class brands comprising more than 5,600 properties with nearly 913,000 rooms, in 113 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton earned a spot on the 2018 world’s best workplaces list, and has welcomed more than 3 billion guests in its nearly 100 year history. Through the award-winning guest loyalty program, Hilton Honors, more than 85 million members who book directly with Hilton have access to instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram, and YouTube.

Contacts

Lana Petruzzo
Hilton
+1 703 883 6065
Lana.Petruzzo@Hilton.com

Permalink : https://www.aetoswire.com/news/hilton-enters-100thnbspyear-with-record-growth-and-industry-leading-initiatives/en

DSBJ Unveils New Branding to Mark Twentieth Anniversary

SUZHOU, China-Wednesday 30 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Suzhou Dongshan Precision Manufacturing Co. Ltd. (“DSBJ”) (SZSE:002384), a leading technology provider of critical components including interconnects, LED, telecom equipment and metal precision, today unveiled a new corporate brand and logo to mark the company’s 20thanniversary. Although its roots can be traced to a small stamping and sheet metal factory founded in 1980, DSBJ was officially established in 1998. This year, to coincide with its 20th Anniversary, DSBJ is launching an updated brand identity to celebrate a new beginning for the company and serve as a springboard to the next chapter in DSBJ’s history:

New DSBJ, New Look

    D-Diversity: DSBJ is open-minded, inclusive, and thrives off of new ideas while offering new solutions
    S-Simplicity: Practicing “Intelligent Manufacturing,” DSBJ embraces simplicity and pragmatism
    B-Breakthrough: Innovative and intelligent, DSBJ leads with strength, vision, and determination
    J-Journey: Moving with sure-footed focus, DSBJ is leading the way toward a better-connected world

In addition to the above four values which give meaning to DSBJ’s new brand, the new logo also holds significance through its use of color and font. The warm colors of red and orange represent a passionate, energetic industry leader. The blue colors exemplify the stability of a successful, high-technology company. The vibrant color combination highlights DSBJ’s inclusive, enthusiastic, and open-minded nature. The striking font also signifies a bold aspiration to explore unknown territories, and a desire to advance through innovation.

Complementing this effort, DSBJ is also launching a brand-new website (www.dsbj.com), which delivers exciting new interactive experiences for existing and prospective customers.

An Innovative, High-Tech Leader with Roots in the Sheet Metal Business

In 1980, at the heart of Dongshan, Suzhou, a small but resilient stamping and sheet metal factory took their first bold step towards a global technological breakthrough. With a determined drive and focused vision, the company grew strong and in 1998 DSBJ was established. Thus, from a little-known factory to a multinational enterprise with annual revenues exceeding US$2.2 billion, DSBJ sees every step in its journey as a challenge to break a prior record best.

In 2016 and 2018, DSBJ acquired MFLEX and Multek, respectively, which reinforced its competitiveness and influence on the world stage. Today, DSBJ is a leading printed circuit manufacturer, renowned supplier of base station equipment, and market share leader across a range of small-pitch LED sectors. DSBJ’s Yancheng Industrial Park, located in China’s Jiangsu province, boasts world-class production lines and its Interconnect Technology Center in Zhuhai, China, develops some of the most advanced and reliable printed circuit technology globally.

These accomplishments have made DSBJ a trusted technology partner for a multitude of established companies worldwide, with particular strengths in consumer electronics, telecom, automotive, and medical. Guided by a comprehensive strategy spanning technology, operations, and customer service, DSBJ has expanded its production bases and offices to multiple locations across China, Asia, Europe and the Americas, meeting the ever-evolving needs of its global clientele.

About DSBJ

DSBJ, founded in 1980 in Suzhou, was successfully listed on the Shenzhen Stock Exchange (stock code: 002384) in 2010. DSBJ aims to be a leading technology provider of critical components in the intelligent world of IoT, with one-stop R&D, manufacturing, sales and service for FPC, PCB, Rigid-Flex, LED packaging, Display Modules, and Telecom equipment, which are widely applied in the consumer electronics, telecommunications, and automotive industries. DSBJ achieved annual revenue of USD 2.2 billion in 2017.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190128005773/en/

Contacts

Christy Gu
+86-512-6630 6287
christy@dsbj.com

Peter Yu
+852 3696-1881
peter.yu@multek.com



SUZHOU, China-Wednesday 30 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Suzhou Dongshan Precision Manufacturing Co. Ltd. (“DSBJ”) (SZSE:002384), a leading technology provider of critical components including interconnects, LED, telecom equipment and metal precision, today unveiled a new corporate brand and logo to mark the company’s 20thanniversary. Although its roots can be traced to a small stamping and sheet metal factory founded in 1980, DSBJ was officially established in 1998. This year, to coincide with its 20th Anniversary, DSBJ is launching an updated brand identity to celebrate a new beginning for the company and serve as a springboard to the next chapter in DSBJ’s history:

New DSBJ, New Look

    D-Diversity: DSBJ is open-minded, inclusive, and thrives off of new ideas while offering new solutions
    S-Simplicity: Practicing “Intelligent Manufacturing,” DSBJ embraces simplicity and pragmatism
    B-Breakthrough: Innovative and intelligent, DSBJ leads with strength, vision, and determination
    J-Journey: Moving with sure-footed focus, DSBJ is leading the way toward a better-connected world

In addition to the above four values which give meaning to DSBJ’s new brand, the new logo also holds significance through its use of color and font. The warm colors of red and orange represent a passionate, energetic industry leader. The blue colors exemplify the stability of a successful, high-technology company. The vibrant color combination highlights DSBJ’s inclusive, enthusiastic, and open-minded nature. The striking font also signifies a bold aspiration to explore unknown territories, and a desire to advance through innovation.

Complementing this effort, DSBJ is also launching a brand-new website (www.dsbj.com), which delivers exciting new interactive experiences for existing and prospective customers.

An Innovative, High-Tech Leader with Roots in the Sheet Metal Business

In 1980, at the heart of Dongshan, Suzhou, a small but resilient stamping and sheet metal factory took their first bold step towards a global technological breakthrough. With a determined drive and focused vision, the company grew strong and in 1998 DSBJ was established. Thus, from a little-known factory to a multinational enterprise with annual revenues exceeding US$2.2 billion, DSBJ sees every step in its journey as a challenge to break a prior record best.

In 2016 and 2018, DSBJ acquired MFLEX and Multek, respectively, which reinforced its competitiveness and influence on the world stage. Today, DSBJ is a leading printed circuit manufacturer, renowned supplier of base station equipment, and market share leader across a range of small-pitch LED sectors. DSBJ’s Yancheng Industrial Park, located in China’s Jiangsu province, boasts world-class production lines and its Interconnect Technology Center in Zhuhai, China, develops some of the most advanced and reliable printed circuit technology globally.

These accomplishments have made DSBJ a trusted technology partner for a multitude of established companies worldwide, with particular strengths in consumer electronics, telecom, automotive, and medical. Guided by a comprehensive strategy spanning technology, operations, and customer service, DSBJ has expanded its production bases and offices to multiple locations across China, Asia, Europe and the Americas, meeting the ever-evolving needs of its global clientele.

About DSBJ

DSBJ, founded in 1980 in Suzhou, was successfully listed on the Shenzhen Stock Exchange (stock code: 002384) in 2010. DSBJ aims to be a leading technology provider of critical components in the intelligent world of IoT, with one-stop R&D, manufacturing, sales and service for FPC, PCB, Rigid-Flex, LED packaging, Display Modules, and Telecom equipment, which are widely applied in the consumer electronics, telecommunications, and automotive industries. DSBJ achieved annual revenue of USD 2.2 billion in 2017.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190128005773/en/

Contacts

Christy Gu
+86-512-6630 6287
christy@dsbj.com

Peter Yu
+852 3696-1881
peter.yu@multek.com

Permalink : https://www.aetoswire.com/news/dsbj-unveils-new-branding-to-mark-twentieth-anniversary/en

Velodyne Lidar and YellowScan Lead Drone Surveying Market for Highway Capacity Expansion

Unmanned Aerial Vehicle (UAV) surveying solution enables quick and easy collection of detailed data on busy highway in Hungary


SAN JOSE, Calif.-Friday 25 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Velodyne Lidar, Inc. today announced that the YellowScan Surveyor from YellowScan has utilized Velodyne’s groundbreaking sensor technology to generate precise mapping data for an infrastructure construction project on one of Central Europe’s busiest roadways. YellowScan Surveyor, an unmanned aerial vehicle (UAV) surveying system, improves upon previous time-intensive manual surveying processes by providing a more efficient method for collecting landscape data with increased precision and detail.

The project was conducted by Ventus-Tech using YellowScan Surveyor to collect data along a 47-kilometer segment of the M1 highway (E60, E65, E75) in northwestern Hungary. The data, gathered by 88 UAV flights over one month, enabled engineers to design a plan to expand the highway from 2+2 lanes to 3+3 lanes. YellowScan Surveyor includes Velodyne Lidar’s Puck™, a compact and versatile sensor that delivers a high-resolution surround view image to accurately measure and analyze any landscape.

“YellowScan Surveyor is truly a turnkey solution for advanced applications such as highways, allowing organizations to avoid costly, dangerous manual surveys,” said Pierre d’Hauteville, Principal, YellowScan. “Using Velodyne’s lidar technology allows us to provide the highest level of data accuracy, density, and produce real-time georeferenced point cloud data.”

On this project, YellowScan Surveyor, equipped with Velodyne’s intelligent, powerful Puck sensor, provided 100 data points per square meter with accuracy within 5 centimeters. This level of precise detail is especially important when redesigning roadways, because widening a road requires consideration of existing infrastructure, drainage networks, and vegetation. The project is in the design, planning and approval stage, with final design expected to be approved by mid-2019 and construction to be finished by 2022.

“Industry leaders rely on Velodyne’s rich computer perception data to provide the highest performing surveying systems with the lowest complexity,” said Mike Jellen, President and CCO, Velodyne Lidar. “YellowScan has a robust, fully integrated system designed to meet the needs of demanding survey and terrain applications. YellowScan Surveyor can be easily adapted to any drone, generating data when and where customers need it.”

“YellowScan Surveyor allowed us to conduct a fast, efficient survey with minimal interruption to traffic and supply very detailed 3D data that accurately depicted the landscape,” said Balint Vanek, Ph.D., CTO, Ventus-Tech. “The customer support delivered by YellowScan was incredibly good. They provided extremely valuable support to help us conduct such a complex and large project.”

About YellowScan

At YellowScan we design, develop, and produce UAV Mapping solutions for professional applications. Fully integrated, ultra-light, and easy to use, these highly automated data collection tools are used by customers around the world in fields such as surveying, forestry, environmental research, archeology, corridor mapping, civil engineering, and mining. With more than 13 years of field experience, YellowScan is committed to delivering the highest level of performance, reliability, and robustness for its solutions. Our platforms are field tested all over the world in multiple environments (tropical forest, bare soil, mountains, rivers, coast lines, open-pit mine, power lines).

About Velodyne Lidar

Velodyne provides the smartest, most powerful lidar solutions for autonomy and driver assistance. Founded in 1983 and headquartered in San Jose, Calif., Velodyne is known worldwide for its portfolio of breakthrough lidar sensor technologies. In 2005, Velodyne’s Founder and CEO, David Hall, invented real-time surround view lidar systems, revolutionizing perception and autonomy for automotive, new mobility, mapping, robotics, and security. Velodyne’s high-performance product line includes a broad range of sensing solutions, including the cost-effective Puck™, the versatile Ultra Puck™, the perfect for L4-L5 autonomy Alpha Puck™, the ultra-wide angle VelaDome™, the ADAS-optimized Velarray™, and the groundbreaking software for driver assistance, Vella™.





View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005054/en/



Contacts

David Cumpston
Landis Communications for Velodyne Lidar, Inc.
(415) 359-2316
velodyne@landispr.com



Permalink : https://www.aetoswire.com/news/velodyne-lidar-and-yellowscan-lead-drone-surveying-market-for-highway-capacity-expansion/en

David J. Bronczek Joins FedEx Corporation Board of Directors

MEMPHIS, Tenn.-Wednesday 30 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- FedEx Corp. (NYSE:FDX) announced today that David J. Bronczek, the Company’s president and chief operating officer, has been elected to the Board of Directors. With his election, the Board now has 13 members, including 11 independent directors.

The Company also announced today that independent members of its Board have approved changes to the Company’s Corporate Governance Guidelines to apply the mandatory retirement age of 75 only to non-management directors, effective immediately.

Mr. Bronczek is responsible for all FedEx operating companies and is a member of the five-person Executive Committee. He is also co-president and co-CEO of FedEx Services, which provides sales, marketing, information technology, communications, customer service, and other support functions for U.S. customers of major FedEx business units.

“Dave is an outstanding leader at FedEx, and he will be a valuable addition to the Board of Directors,” said Frederick W. Smith, chairman and CEO of FedEx Corporation. “His knowledge of the company gained over more than 42 years of service is unparalleled, and he will serve the company well in his role as a member of the Board.”

A native of Cleveland, Ohio, Mr. Bronczek graduated from Kent State University in 1976, the year he joined FedEx. He started as an hourly team member on the front lines of the company’s pickup and delivery operations and progressed through leadership roles in sales and operations. Mr. Bronczek’s responsibilities have included serving as president of FedEx Express in Canada and the Europe, Middle East and Africa region. He was named executive vice president and chief operating officer of FedEx Express in 1998 before becoming president and CEO of FedEx Express in 2000. In 2017, Mr. Bronczek was named president and chief operating officer of FedEx Corporation.

Mr. Bronczek has represented FedEx in a wide variety of industry and community roles, including serving as chairman of the FAA NextGen Advisory Committee, and chairman of the International Air Transport Association (IATA) in 2010. He remains a current member of IATA’s Board of Governors. Mr. Bronczek was appointed by the President of the United States to the National Infrastructure Advisory Council (NIAC) in 2009. He has also served on civic boards for the National Safe Kids Campaign, the Smithsonian National Air and Space Museum, the University of Memphis and the University of North Carolina. He also serves on the Board of Directors for Memphis-based International Paper Company.

About FedEx

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $69 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 450,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190128005708/en/

Contacts

Patrick Fitzgerald
901-818-7300
patrick.fitzgerald@fedex.com

Permalink : https://www.aetoswire.com/news/david-j-bronczek-joins-fedex-corporation-board-of-directors/en

Tuesday, January 29, 2019

Rockwell Automation Acquires Emulate3D, a Leading Software Developer for Simulating and Emulating Industrial Automation Systems


Software portfolio integrates automation software with 3-D CAD model, enabling customers to test machine and system designs virtually



MILWAUKEE-Tuesday 29 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Rockwell Automation, Inc. (NYSE: ROK) has acquired Emulate3D, an innovative engineering software developer whose products digitally simulate and emulate industrial automation systems. By using accurate simulation models to improve systems planning and decision-making, followed by emulation trials that test the control system before installation, Emulate3D’s software enables customers to virtually test machine and system designs before incurring manufacturing and automation costs and committing to a final design.

“We are excited about the opportunities that Emulate3D’s software offers our customers,” said Fran Wlodarczyk, Rockwell Automation senior vice president for its architecture and software segment. “They will have the ability to improve their time to market and operational productivity through digital machine prototyping and virtual commissioning. It also marks another investment by Rockwell Automation to bring the Connected Enterprise to life.”

“As a former Rockwell Automation Encompass partner, we established great working relationships with Rockwell Automation and its customers,” said Ian McGregor, Emulate3D global sales and marketing director. “We look forward to building on those relationships under our new ownership. Rockwell Automation’s installed base and our engineering software provides a great opportunity to better address customer needs in today’s rapidly changing, technologically-advanced manufacturing environment.”

Rockwell Automation will add Emulate3D’s technology to its digital design portfolio to deliver solutions to automotive, logistics, material handling, and other industrial applications. Software will be sold as Emulate3D by Rockwell Automation, as part of Rockwell Automation’s FactoryTalk DesignSuite.

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs approximately 23,000 people serving customers in more than 80 countries.

Emulate3D is an industry-leading, highly specialized software development and sales management company, focused on providing responsive solutions to well-defined industrial requirements. Located in Reading, England, it received the Queens Award for Enterprise: Innovation 2014.

Contacts

Keith Lester / Media Relations / 414 382 4871

Steve Etzel / Investor Relations / 414 382 8510

Permalink : https://www.aetoswire.com/news/rockwell-automation-acquires-emulate3d-a-leading-software-developer-for-simulating-and-emulating-industrial-automation-systems/en


Gemalto to Produce Secure and Innovative Healthcare Cards for Quebec

AMSTERDAM-Tuesday 29 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security, and the Société de l'assurance automobile du Québec (SAAQ) have been chosen to produce secure and innovative health insurance cards for the Régie de l'assurance maladie du Québec (RAMQ). RAMQ delivers 2.3 million healthcare cards to citizens, and the SAAQ provides 1.7 million driver’s license and identity cards through production with Gemalto.

Optimizing government services across industries

By choosing the SAAQ and its existing contract with Gemalto, the Quebec healthcare authorities can avoid duplication and promote sharing of expertise between agencies. The province can also leverage the existing infrastructure and issue both healthcare cards and driver’s licenses at the same time, maximizing cost savings and ensuring quicker delivery to their citizens.

A focus on security and convenience for Quebec’s citizens

Gemalto’s secure card will be the first of its kind to undergo embossing and laser engraving at the same time. Combined with a cutting-edge card body with built-in security features, this process greatly improves the reliability of Quebec’s healthcare card. Gemalto also provides the full implementation and maintenance of SAAQ's personalization infrastructure. This enables the SAAQ and RAMQ to offer Quebec citizens a seamless and speedy renewal service when obtaining their new driver's license and healthcare card.

“The unique opportunity to provide both healthcare cards and driver’s licenses is perfectly suited to Gemalto’s expertise with over twenty years of issuing secure documents. Being the first to emboss and engrave at the same time provides more options to our customers who have legacy infrastructures for validation and allows us to provide a lower risk of fraud and stronger, longer lasting cards to residents”

Steve Purdy, vice president of State and Provincial Government Programs, Gemalto
About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2017 annual revenues of €3 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.

Gemalto’s solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software – enabling our clients to deliver secure digital services for billions of individuals and things.

Our 15,000 employees operate out of 114 offices, 40 personalization and data centers, and 35 research and software development centers located in 47 countries.

For more information visit www.gemalto.com, or follow @gemalto on Twitter.

Contacts
Gemalto media contacts:
Tauri Cox
North America
+1 512 257 3916
tauri.cox@gemalto.com

Sophie Dombres
Europe Middle East & Africa
+33 4 42 36 57 38
sophie.dombres@gemalto.com

Piyush Prakash
Asia Pacific
+91 11 6623 1200
piyush.prakash@gemalto.com

Alexis Camarillo
Latin America
+52 5521223627
alexis.camarillo@gemalto.com




Permalink : https://www.aetoswire.com/news/gemalto-to-produce-secure-and-innovative-healthcare-cards-for-quebec/en

TruDoc 24x7 showcases its Virtual Clinic at Arab Health

The company aims to provide real healthcare solutions

DUBAI, United Arab Emirates-Tuesday 29 January 2019 [ AETOS Wire ]

TruDoc 24x7, the MENA’s leading 24x7 Population Health Management Provider, participated at this year’s Arab Health, which took place at the Dubai World Trade Centre, from 28 - 31 January, to showcase their new 24x7 Population Health Management Solution including the 24x7 Virtual Clinic Booth, which allows patients to connect with full-time licensed doctors for reliable medical advice.

The current health care market has reached unmanageable levels, where unnecessary over utilization has led to perpetual increase of medical insurance premiums. In addition to the financial impact, there are serious potential clinical damages due to unnecessary clinical procedures and or medications.

“TruDoc 24x7’s aims to align consumers/employees and payers/employers by having full time doctors who are paid a salary with no incentives and who tell patients what they need not what they can afford through NHS International Guidelines” added Raouf Khalil, CEO & Founder of TruDoc24x7.

After realizing that, in healthcare, virtual services alone aren’t enough to change consumer behavior, TruDoc 24x7 transitioned from its previously recognized brand of Mobile Doctors 24-7, which was a basic telemedicine provider to a comprehensive 24x7 Population Health Management company. This new strategy and whole gamut of entry point solutions has allowed the company stratify its members and ensure they are directed to appropriate level of care as well as avoid unnecessary overutilization, thus achieving the appropriate balance between quality and cost, as it has been concluded that $40 billion of Arab world’s spending on healthcare is wasted.’

According to the American Medical Association ‘70% of non-life-threatening conditions could be resolved by speaking to a doctor over the phone. TruDoc’s 24x7 Population Health Management (PHM) Solution provides members with 24x7 access to comprehensive service solutions for healthy, acute or chronic conditions, whilst they are travelling via its mobile application, at the office through an on-site Virtual Clinic Booths, or at home via a Hospital at Home Program including 24x7 telemonitoring.

The company also provide Chronic Disease Management Programmes for conditions like Diabetes, Hypertension, Hyperlipidemia and Lower Back Pain to name a few along with second opinion service from medical consultants and experts recognized in their fields globally. The company’s PHM ensures the alignment of consumers/employees and payers/employers by informing patients the truth about what they need not what they can afford in accordance to international guidelines. TruDoc 24x7’s doctors are paid a flat salary with no incentives. This is truly a concierge service that actually saves money and ensures the right balance between quality and cost. In addition, TruDoc 24x7 shares the clinical and financial outcome reports along with utilization trends and analytical recommendations for increasing Return on Investment

Contacts

SAHARA Communications

Noor Abdelhafez, Account Executive, +97143298996, +971506946519
n.hafiz@saharapr.com / www.saharagcc.com



Permalink : https://www.aetoswire.com/news/trudoc-24x7-showcases-its-virtual-clinic-at-arab-health/en

First Time In Dubai - New Medical Procedure to Increase Muscle Density By 19 Percent and Reduce Fat By 16 Percent

 EMSCULPT - the body sculpting procedure simulate the effects of 20,000 sit-ups in 30 minutes.

Dubai, United Arab Emirates-Tuesday 29 January 2019 [ AETOS Wire ]

Weight gain is a serious problem in the UAE. While luxurious and sedentary lifestyle are the key factors that drive this condition, EMSCULPT – a body sculpting procedure is being recommended by medical experts to decrease fat thickness and increase muscle density which is now available for the 1st time in Dubai.

A lot of clinical studies for EMSCULPT reported an average 19 percent reduction in fat and a 16 percent increase in muscle mass for the treated area. The study further suggested that the machine uses high-intensity focused electromagnetic technology, which produce high-intensity muscle contractions meant to simulate the effects of 20,000 sit-ups in 30 minutes.

Michael Davis, COO NMC Healthcare, said, “We’re here to let everyone know that as a company, NMC is committed to CosmeSurge and we’re dedicated to the field of aesthetic care. We hold a firm belief that the cosmetics industry in the UAE is something that can only get better and stronger with time. Utilising technology such as EMSCULPT, we intend to continuously provide our customers with safest and the latest the industry has to offer. Our goal is to ensure that the residents of the UAE have access to the best, and can be rest assured that CosmeSurge will surely be at the forefront of bringing innovative technologies witnessed in LA, New York, Paris or London. Bringing EMSCULPT to Dubai is an example of us keeping our commitment to this promise.”

EMSCULPT is a new approach to body shaping category, and is the first and only non-invasive body sculpting procedure for men and women that treat fat and build muscles. It creates a unique electromagnetic field that penetrates the skin to impact the muscle tissue as well as fat.

“Weight gain is a major problem in the UAE and can result in complications, paving way for critical illnesses. Despite the intense workouts at gym, there are certain areas that leave the fat untouched. As such, several patients are opting for EMSCULPT that make them feel stronger and happier” said Lea Debian, Nutritionist of CosmeSurge.

EMSCULPT builds and strengthens muscles and burns belly fat without the time-consuming struggle of exercise. Being the world’s only non-invasive procedure, the technique is not only easy and comfortable, but also requires no recovery time, anaesthesia or needles. While the standard procedure lasts for just 30-minutes, four treatments over a two-week period are recommended, patients generally experience improvement in their body right after the treatment, which continues to improve for several weeks following the treatments.

“While EMSCULPT can be used by any type of patient, the treatment is ideal for women wanting to shed the post-pregnancy fat, or men who have bulging tummies and yet find it difficult to exercise on a daily basis. The supramaximal muscle contractions that EMSCULPT offers is something that can’t be achieved at the gym, which encourages several men and women to undertake this procedure to build muscles,” added Lea.

EMSCULPT is an outstanding treatment procedure for someone who is committed to improving their health. As the procedure offers 92 to 95 percent muscle contraction, it’s a good incentive to maintain good health and wade off illnesses.

About CosmeSurge

Founded in 2002, CosmeSurge is one of the region’s most trusted brands for cosmetic and aesthetic procedures. It offers modern, high quality dermatology and plastic surgery treatments, in addition to dentistry services at fourteen clinics located all across the GCC. In the UAE, CosmeSurge’s clinics are located at Dubai, Sharjah, Abu Dhabi, Al Ain, Ras Al Khaimah, and Fujairah. Outside the UAE, the clinic has its presence across Oman-Muscat, as well as on London’s Harley Street. Continuing its expansion, CosmeSurge aims to forge partnerships with leading experts in Los Angeles and other overseas cities.

While each clinic is staffed with highly qualified plastic surgeons, dermatologists and aestheticians, the state-of-the-art facilities at CosmeSurge provides over sixty cosmetic treatments for different areas of the body.

Contacts

SAHARA Management Consultancy

Maria Tayem, Senior Account Manager, +971501714347, +97143298996
m.tayem@saharapr.com / www.saharagcc.com



Permalink : https://www.aetoswire.com/news/first-time-in-dubai-new-medical-procedure-to-increase-muscle-density-by-19-percent-and-reduce-fat-by-16-percent/en

Yokogawa Wins a Control System Order for the Provisur Seawater Desalination Project in Peru

–Ensuring a stable supply of water and protecting the environment in South America–

TOKYO-Tuesday 29 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Yokogawa Electric Corporation (TOKYO:6841) announces that the Peru branch of Yokogawa América do Sul (a Yokogawa Electric Corporation subsidiary) has received a control system order from Técnicas de Desalinización de Aguas, S.A. (Tedagua)*1 for a water desalination plant and associated facilities that it is building for Servicio de Agua Potable y Alcantarillado de Lima S.A. (SEDAPAL) in the Santa Maria district of Lima, the capital of Peru.

With the Provisur seawater desalination project, Peru’s first reverse osmosis*2 desalination plant is being constructed to supply 35,000 m3 of potable water per day to the 100,000 residents of the Santa Maria district. Water distribution and sewer pipelines (total length: 260 km), a sewage treatment plant (daily capacity: 15,500 m3), and an undersea pipeline (780 m) for the discharge of treated water are also being built. Part of the treated water will be used for watering plants in the local area. Expectations are high for this project because Lima and other coastal areas in Peru have a desert climate that gets very little rain throughout the year.

Yokogawa will deliver the CENTUMTM VP integrated production control system, STARDOMTM FCN-500 network-based control system, and other solutions for monitoring and controlling the project’s desalination plant, sewage treatment plant, water distribution pipelines, sewer pipelines, and undersea pipeline. Both CENTUM VP and STARDOM FCN-500 are solutions in Yokogawa’s OpreXTM Control and Safety System family. The Peru branch of Yokogawa América do Sul will have overall responsibility for executing the systems side of this project, including engineering and commissioning. Delivery is scheduled for April and the plant is to start operation in June 2019.

To “ensure availability and sustainable management of water and sanitation for all” is one of the 17 sustainable development goals (SDGs) for the year 2030 that were adopted by the United Nations Sustainable Development Summit. There are urgent needs around the world to achieve high availability for water supply and water treatment systems. Yokogawa will leverage its know-how and solid track record in executing water supply and water treatment projects in Japan and desalination projects outside Japan to provide solutions that will ensure a stable supply of water and protect the environment in South America and other regions.

*1: A major engineering, procurement, and construction (EPC) company specializing in desalination plants. They are a group company of ACS, a major construction company in Spain.
*2: A method by which seawater is passed through a special membrane to remove salinity and produce fresh water

For more information


Industries -Water & Wastewater-
https://www.yokogawa.com/industries/water-wastewater/
Our Approach to Sustainability
https://www.yokogawa.com/about/sustainability/policy/
Yokogawa Joins Global 100 Most Sustainable Corporations in the World Index
https://www.yokogawa.com/pr/news/2019/pr-news-2019-0123-en.htm


About Yokogawa

Founded in 1915, Yokogawa engages in broad-ranging activities in the areas of measurement, control, and information. The industrial automation business provides vital products, services, and solutions to a diverse range of process industries including oil, chemicals, natural gas, power, iron and steel, and pulp and paper. With the life innovation business the company aims to radically improve productivity across the pharmaceutical and food industry value chains. The test & measurement, aviation, and other businesses continue to provide essential instruments and equipment with industry-leading precision and reliability. Yokogawa co-innovates with its customers through a global network of 113 companies spanning 61 countries, generating US$3.8 billion in sales in FY2017. For more information, please visit www.yokogawa.com

The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation or their respective holders.


Contacts


Yokogawa Electric Corporation
Public Relations, Integrated Communications Center
Yokogawa-pr@cs.jp.yokogawa.com


Permalink : https://www.aetoswire.com/news/yokogawa-wins-a-control-system-order-for-the-provisur-seawater-desalination-project-in-peru/en

Corsair Infrastructure Partners Announces Transaction Involving DP World Australia

 CIP-managed Gateway fund sells investment in DPWA to DP World and new investment funds managed by CIP



NEW YORK -Friday 25 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Corsair Infrastructure Partners (“CIP”), the global infrastructure investment business of Corsair Capital (“Corsair”), today announced that Gateway Infrastructure Investments (“Gateway”), an investment fund managed by CIP, as well as several other financial investors, have entered into agreements to sell their entire stakes in DP World Australia (Holding) Pty Ltd (“DPWA”) to DP World and new investment funds managed by CIP. The closing of the transaction is subject to regulatory approvals.

As a result of this transaction, DP World, the original corporate parent of DPWA, will hold a majority stake in the company, alongside a substantial minority investment by CIP-managed funds.

Hari R. Rajan, Managing Director of Corsair and Head of CIP, said, “We are pleased to have achieved the exit of Gateway’s investment in DPWA, while maintaining our strong relationship with DP World through our continued management of a large investment in the company. We believe this new shareholder structure will further leverage the global capabilities of DP World and support the continued growth and development of DPWA’s container terminal and other businesses.”

About DP World Australia

DP World Australia is the leading container terminal stevedore in Australia, operating in Melbourne, Sydney, Brisbane and Fremantle. The company provides a critical link in the supply chain and focuses on providing excellent service to shipping lines, importers, exporters and the broader community, while continuing to strengthen relationships with governments, port landlords and other important stakeholders.

About Corsair Capital and Corsair Infrastructure Partners

Founded in 1992, Corsair Capital is a leading global specialist investor. Corsair has a highly regarded private equity platform that has invested in substantially all of the subsectors of the financial services industry including wealth & asset management, payments & financial technology, services, insurance and banking & specialty finance. Since inception, the firm has led or co-led $8 billion of private equity investments. The firm also has a global infrastructure equity sponsorship and investment management business, Corsair Infrastructure Partners, which was established in 2015 and manages a $2.9 billion infrastructure fund. More information on Corsair Infrastructure Partners can be found at www.corsair-infrastructure.com.





View source version on businesswire.com: https://www.businesswire.com/news/home/20190122006038/en/

Contacts

Media:
Sard Verbinnen & Co
Matt Benson / Dave Millar / Danya Al-Qattan, +1 212-687-8080
Conrad Harrington, +44 20 7467 1050


Permalink : https://www.aetoswire.com/news/corsair-infrastructure-partners-announces-transaction-involving-dp-world-australia/en

Monday, January 28, 2019

‘Sovereign Equity’ Launched as a Solution to Sovereign Debt and Financial Inequality in Davos Debate



LONDON-Monday 28 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- With the need to address entrenched inequalities firmly on the ‘Globalization 4.0’ agenda, investment migration advisory firm Henley & Partners launched the concept of ‘sovereign equity’ in Davos this week.

Sovereign equity is a means for governments to achieve fiscal balance and economic growth without increasing their debt — meaningfully addressing the growing imbalances and inequalities inherent to traditional sovereign debt financing by engaging with the global community of high-net-worth investors.

In a multi-stakeholder public discussion in Davos that brought together government heads and ministers, leading academics, and renowned experts, panelists considered the transformative effects that well-regulated investment migration programs have on the economy and society at large, supporting growth and creating employment opportunities.

Explaining the potential for sovereign equity to bring about a fundamental change in sovereign funding, foreign direct investment, and government spending, Dr. Christian H. Kälin, Group Chairman of Henley & Partners, said: “Sovereign equity is both self-evident and revolutionary. The 2008 financial crisis and its continuing aftermath makes it evident that constantly increasing sovereign debt is not a sustainable solution. In particular, sovereign states without abundant natural resources or the ability to raise significant revenue from taxation must find an alternative – one that will allow them to compete in global markets and avoid the dangerous levels of debt that are serious threats to their economies and societies.”

Dr. Kälin added that “well-managed investment migration programs help drive non-debt liquidity into countries, in addition to attracting significant foreign direct investment as well as valuable skills and experience. This combination – launched in Davos as the concept of ‘sovereign equity’ – can create fiscal independence and opportunities for a society at every level, which also benefits the international community.”

Speaking about the positive impact that Antigua and Barbuda’s citizenship-by-investment program has on the country, the Hon. Gaston Browne, Prime Minister of Antigua & Barbuda, said the program constitutes 15% of the Treasury’s annual revenue. “Sovereign equity is about investors ‘buying into’ Antigua. It has helped us pay off our IMF debt in full, develop multiple industries that create employment opportunities for our citizens, and make strategic investments that will benefit everyone on our islands — be that through infrastructure or pensions provision.”

Similarly, the Hon. Prof. Edward Scicluna, Malta’s Minister of Finance, commented that investment migration programs have had a profound impact on his country, pointing out that just four years after the launch of the Malta Individual Investor program (IIP), Malta had one of the highest GDP growth rates and one of the lowest unemployment rates of any EU member state. “Our economy has proved remarkably strong, to the point where we have a budget surplus with or without the IIP. For us, sovereign equity is as much about the global skills and experience that are invested in Malta and that create significant value. The capital raised through sovereign equity allows us to make strategic investments that will enhance the lives of Maltese citizens for many years to come.”

Following the discussions held in Davos this week, Dr. Kälin says he looks forward to engaging with governments and international institutions about the extraordinary potential for sovereign equity to assist countries in achieving real fiscal autonomy and growth: “While essential for smaller countries, sovereign equity is also a means for larger economies to drive growth and employment creation in economically underdeveloped regions. Sovereign equity is the future, not further sovereign debt.”

Download Full Statement

Contacts

Media
Paddy Blewer
Group PR Director
paddy.blewer@henleyglobal.com

Permalink : https://www.aetoswire.com/news/lsquosovereign-equityrsquo-launched-as-a-solution-to-sovereign-debt-and-financial-inequality-in-davos-debate/en

Hawkamah and IMF Focus on Emerging Central Bank Governance Trends

Global Best Practice Discussions on Board Oversight, Internal Audit and Financial Risk at the Central Bank Governance Forum 2019

Dubai, United Arab Emirates-Monday 28 January 2019 [ AETOS Wire ]

Governance of central banks, emerging challenges and opportunities, and data innovations for the financial sector are key topics to be discussed at an international forum in Dubai
Aimed at high-level central bank officials, the forum attracts representatives from about 60 institutions across the globe, bringing expertise and experience from around the world to Dubai
Hawkamah Institute for Corporate Governance and the International Monetary Fund (IMF) are convening a high-level Central Bank Governance Forum in Dubai on January 28-30, 2019.

The 3-day forum will bring together governors and officials of central banks from 47 countries. In its fifth year this year, the forum will focus on board oversight, internal audit functions, financial risk management and data innovations, aimed at central bank officials at the governor and deputy governor level, board members and senior staff with risk management, data and audit responsibilities. A total of about 60 institutions will be participating in the forum, with representatives from central banks and their external auditors, regional and global development and financial institutions from the Middle East, Europe, Africa, Asia Pacific, and the Western Hemisphere.

Dr Ashraf Gamal El Din, CEO of the Hawkamah Institute for Corporate Governance, said, “While corporate governance refers to the ways in which companies are directed, controlled and regulated, we must also examine how governments approach their responsibilities and ensure that the banking systems in their countries are sound. The effective governance of central banks is essential. The 2019 Central Bank Governance Forum is part of Hawkamah’s ongoing focus on the governance of regulators.”

Other topics that will be discussed in this year’s Central Bank Governance Forum include the role of the Central Bank’s board, good practices in terms of board composition, board effectiveness, internal control bodies and the internal audit function in central banks.

Mr. George Kabwe, Division Chief in the IMF Finance Department said, “In response to increasing interest from various central banks, we have added a third day to the forum. We will explore emerging issues facing central banks, including enterprise-wide financial risk management before and after the global financial crisis, lender of last resort operations, data analytics and financial technology (FinTech).”

Established in 2006 to bridge the corporate governance gap in the region, Hawkamah, the Institute for Corporate Governance was founded by the Organisation for Economic Co-operation and Development (OECD), the International Financial Corporation (IFC), the World Bank and other international organisations and by regional organisations including the Union of Arab Banks (UAB) and the Dubai International Financial Centre (DIFC) Authority.

The International Monetary Fund (IMF) works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth and reduce poverty around the world. Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership. The IMF's primary purpose is to ensure the stability of the international monetary system, the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that affect global stability.

Contacts
SAHARA Communications                                                                      

Farah Al Obaidi, Head of Media Relations, +97143298996, +971503323158
f.ahmed@saharapr.com / www.saharagcc.com

https://www.aetoswire.com/news/hawkamah-and-imf-focus-on-emerging-central-bank-governance-trends/en