Monday, January 31, 2011
BST Global and the International Federation of Consulting Engineers (FIDIC) Announce a New Seven-Year Strategic Partnership
BRUSSELS, Belgium - Friday, January 28th 2011 [ME NewsWire]
(BUSINESS WIRE)--BST Global, the leading global provider of enterprise business management software solutions for consulting engineering, architecture and environmental consultancies, and FIDIC, the International Federation of Consulting Engineers, the international association that represents the consulting engineering industry and the recognized international voice of the industry, today announced a new seven (7) year strategic partnership agreement.
The agreement designates BST Global as the sole and exclusive FIDIC Strategic Partner in the area of enterprise business management software solutions and services for the engineering and environmental consulting industry. Furthermore, according to this new strategic alliance, BST Global and FIDIC agree to collaborate globally on the following initiatives:
* BST Global will provide best practice experience and relevant content material for programs developed by FIDIC.
* BST Global will be the exclusive FIDIC partner in the area of enterprise business management software solutions for all FIDIC conferences, events and programs globally. BST will support FIDIC as it serves its member associations and firms in such areas as Capacity Development events, FIDIC National Training Programs, the FIDIC International Training Program, Market Surveys, FIDIC Documents, and Trainer Accreditation.
* BST Global will be the Main Conference Sponsor to the annual FIDIC Conference including the FIDIC Centennial Conference scheduled for Barcelona, Spain, 2013.
“BST Global has valued and enjoyed a long standing relationship with FIDIC that began a decade ago. Today’s agreement underscores BST Global’s commitment to the consulting engineering industry. Our new strategic partnership with FIDIC allows us to mutually share and deliver best practices and programs that ultimately make a significant impact at leading consulting engineering firms worldwide,” said Javier A. Baldor, Executive Vice President, BST Global.
“BST Global has been an invaluable partner for FIDIC in the area of capacity development for several years. The federation is proud that BST Global has decided to make a long-term strategic commitment in support of a wider range of FIDIC activities,” said Gregs Thomopulos, FIDIC President.
“BST Global, as a leading supplier of business management software to the consulting engineering industry, is a natural strategic partner for FIDIC as the industry develops to meet the world’s huge and increasing demand for sustainable infrastructure,” said Enrico Vink, FIDIC Managing Director.
“This agreement aligns our key strengths and knowledge in delivering innovative software solutions specifically for the consulting engineering industry, with those of FIDIC in promoting the interests of the engineering industry on a global scale,” said Eduardo Niebles, managing director – EMEA, BST Global (Europe). “We have been a long-standing supporter of FIDIC for the last ten years, and are excited as we approach the coming decade in working alongside such a prestigious organization.”
FIDIC, the International Federation of Consulting Engineers was founded in 1913 and is the recognized international voice of the consulting engineering industry, representing the business interests of firms supplying technology based intellectual services for the built and natural environment. FIDIC membership comprises more than 66,000 firms in 86 countries representing some 3 million professionals spread across the full spectrum of the world’s economies. The key principles that FIDIC espouses are quality, integrity, capacity building and sustainability. Information on FIDIC is available at www.fidic.org.
About BST Global
BST Global is the leading global provider of enterprise business management software and service solutions for consulting engineering, architecture and environmental consultancies. Today, over 95,000 end users across six continents and 40 countries rely on BST Global's innovative software solutions to manage their projects, resources, finances and client relationships.
Founded in 1971, the privately held BST Global is headquartered in Tampa, Florida, USA and is a global organization with a presence in the Americas, Europe, Africa and Australia. Additional information can be obtained by contacting BST Global at +1 813-886-3300 (international) or via the web at www.bstglobal.com.
BST Global and BST Enterprise are registered service and/or trademarks of BST Consultants Inc. All other products or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
BST Global Media
Krys Simpson, +1 813-886-3300
Peter Boswell, FIDIC General Manager, +41 22 799 49 00
(BUSINESS WIRE)-- The Chartis insurers today announced an increase, from $100 million to $125 million, in net and treaty capacity for construction projects from the Global Marine and Energy Property unit of its Global Marine and Energy Division. This capacity will be available on a global basis for any one risk in the energy, alternative energy and manufacturing sectors, as well as a broad range of CAR (construction all-risk) risks.
“The increased capacity reflects our strong commitment to serving the needs of our clients worldwide,” said Robert Kuchinski, President of Global Marine and Energy Property. “In addition, we have created Centers of Excellence (COE) in key areas around the world to bring maximum underwriting authority closer to our clients and brokers.”
The Construction COE teams will be headed by the following COE managers in the worldwide locations listed below:
Alf Mueller, Worldwide Construction Product Line Manager, said, “In addition to our leadership role of EAR (erection all-risk) risks in areas such as power generation, oil refining, gas processing, chemicals and process industries, we are pleased to offer this increased capacity to a wide base of CAR risks as well. These risks range from conventional buildings to more complex structural projects, including the world’s tallest buildings, bridges, airports and civil engineering infrastructure projects such as large hydroelectric power dams.”
For more information regarding Global Marine and Energy Property’s construction capabilities, please contact Robert Kuchinski at firstname.lastname@example.org 212-458-5964.
Chartis is a world leading property-casualty and general insurance organization serving more than 45 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
Marie Ali, 212-458-2536
Company will be the first in its industry to earn Green Globe Seal for its global operations
LOS ANGELES & STURTEVANT, Wis. - Friday, January 28th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Diversey, Inc., a leading global provider of commercial cleaning, sanitation and hygiene solutions, and Green Globe Certification, the premier worldwide certification label for sustainable management of the travel and tourism industry, today announced a new global alliance to expand the availability of sustainability assessments and certifications under the Green Globe Certification seal.
Under terms of the alliance, Diversey will assist its customers in the lodging industry to prepare for the Green Globe audit process and provide consulting on sustainable business operations to help them achieve the Green Globe seal. Green Globe Certification will promote use of Diversey’s sustainable products and provide consulting on their use. Additionally, Diversey’s major business operations around the world will be certified under the Green Globe seal.
The Green Globe seal is an independent recognition of sustainability management excellence, based on internationally accepted standards. According to Green Globe, lodging facilities that are certified by the organization have an average of:
* 3 to 7 percent higher occupancy rates;
* 7 to 11 percent lower operating costs; and
* 68 percent greater market visibility among environmentally conscious patrons.
“This partnership further strengthens Diversey’s leadership and expertise in helping our travel and lodging customers reduce their environmental impact and improve the profitability of their operations,” said Diversey President & CEO Ed Lonergan. “Green Globe Certification is well respected in our industry and sets high standards for sustainable operations and management. We look forward to helping our customers pursue certification under the program.”
Implementation of the alliance has begun in the Asia-Pacific region, where Diversey is providing certification consulting to customers. In addition to the new alliance, Diversey’s range of sustainable products will be promoted by Green Globe as the best choice for hospitality and lodging companies to achieve the sustainability standards of the Green Globe seal.
“Diversey’s commitment to sustainability is outstanding, particularly in reducing greenhouse gases, lowering water consumption and safeguarding marine life,” said Green Globe Certification CEO Guido Bauer. “Diversey’s employees will effectively communicate the Green Globe Certification standards and help companies through the audit process. At the same time, they have the confidence that their own company is also making a positive contribution to the planet.”
Green Globe’s certification can also be applied to general commercial facilities. In late 2010, Diversey’s operations in its South Asia Cluster, including Singapore, Malaysia, Philippines, Indonesia, Thailand, Vietnam and India, achieved Green Globe Certification in a span of just four months. This makes Diversey the first company in its industry to achieve Green Globe Certification for a portion of its operations. Certification of other parts of Diversey’s global business is ongoing.
Founded in 1993, Green Globe Certification has developed 337 certification standards across environmental, cultural, and corporate social responsibility (CSR) metrics, which are benchmarked against the highest worldwide principles. The Green Globe Certification is in full compliance with ISO19011. All standards are updated on an annual basis and are reviewed by an international panel of environmental experts, industry specialists and academics. Green Globe Certification provides certification standards for the following industry categories: attractions, businesses (wholesale/retail), congress center/meeting venues, cruise ships, golf courses, hotels and resorts, restaurants, spas and health center, transportation services, and the travel industry.
About Green Globe Certification
Green Globe Certification is the worldwide sustainability system based on internationally accepted criteria for sustainable operation and management of travel and tourism businesses. Operating under a worldwide license, Green Globe Certification is based in California, USA and is represented in over 83 countries. Green Globe is the only certification brand to be an affiliate member of the United Nations World Tourism Organization (UNWTO), is partly owned by the World Travel and Tourism Council (WTTC) and a member of the Caribbean Alliance for Sustainable Tourism (CAST) governing council. For information visit www.greenglobe.com.
Diversey, Inc. is committed to a cleaner, healthier future. Its products, systems and expertise make food, drink and facilities safer and more hygienic for consumers and for building occupants. With sales into more than 175 countries, Diversey is a leading global provider of commercial cleaning, sanitation and hygiene solutions. The company serves customers in the building management, lodging, food service, retail, health care, and food and beverage sectors. Diversey is headquartered in Sturtevant, Wisconsin, USA. Diversey, Inc. is formerly JohnsonDiversey, Inc. To learn more, visit www.diversey.com.
Sr. Director, Global Communication
+1 (262) 631-2906 tel
+65 6643 5400 tel
Green Globe Certification Contact:
Green Globe Certification:
ExxonMobil’s Energy Outlook Shows Rising Global Energy Demand, Shift Toward Natural Gas, and Energy Efficiency Gains
IRVING, Texas - Friday, January 28th 2011 [ME NewsWire]
* Global demand to be about 35 percent higher in 2030 versus 2005; demand in the developing nations will rise more than 70 percent
* Natural gas will be fastest growing major energy source, overtaking coal as the second-largest global energy source behind oil, and serving as a reliable, affordable and clean fuel for a wide variety of needs
* Global energy demand growth would be far higher without projected efficiency improvements
(BUSINESS WIRE)-- Expanding prosperity for a growing world population will drive an increase in energy demand of about 35 percent by 2030 compared to 2005, even with significant efficiency gains, and natural gas will emerge as the second-largest energy source behind oil, Exxon Mobil Corporation(NYSE:XOM) said today as it released its new edition of Outlook for Energy: A View to 2030.
The growing use of natural gas and other less-carbon intensive energy supplies, combined with greater energy efficiency in nations around the world, will help mitigate environmental impacts of increased energy demand. According to the Outlook, global energy-related carbon dioxide emissions growth will be lower than the projected average rate of growth in energy demand.
“Our energy outlook clearly points to a growing demand for energy globally which reflects improving living standards for millions of people around the world. ExxonMobil will continue to invest in technology and innovation to develop new economic energy supplies to help meet this demand while looking for ways to reduce environmental impacts,” said Rex W. Tillerson, chairman and chief executive officer.
“The forecasts also show a shift toward natural gas as businesses and governments look for reliable, affordable and cleaner ways to meet energy needs,” Tillerson said. “Newly unlocked supplies of shale gas and other unconventional energy sources will be vital in meeting this demand.”
The Outlook for Energy is developed annually to help guide ExxonMobil’s global investment decisions. The company shares the findings publicly to increase understanding of the world’s energy needs and challenges. The outlook is the result of a detailed analysis of approximately 100 countries, 15 demand sectors and 20 fuel types and is underpinned by economic and population projections and expectations of significant energy efficiency improvements and technology advancements.
Rising electricity demand -- and the choice of fuels used to generate that electricity -- represent a key focus area, which will have a major impact on the global energy landscape over the next two decades. According to the outlook, global electricity demand will rise by more than 80 percent through 2030 from 2005 levels. In the non-OECD (Organization for Economic Co-operation and Development) countries alone demand will soar by more than 150 percent as economic and social development improve and more people gain access to electricity.
According to ExxonMobil’s Outlook, efforts to ensure reliable, affordable energy while also limiting greenhouse gas emissions will lead to polices in many countries that put a cost on carbon dioxide emissions. As a result, abundant supplies of natural gas will become increasingly competitive as an economic source of electric power as its use results in up to 60 percent fewer CO2 emissions than coal in generating electricity. Demand for natural gas for power generation is expected to rise by about 85 percent from 2005 to 2030 when natural gas will provide more than a quarter of the world’s electricity needs. Natural gas demand is rising in every region of the world but growth is strongest in non-OECD countries, particularly China where demand in 2030 will be approximately six times what it was in 2005.
Among this year’s findings:
* Rapid economic growth and expanding prosperity in developing countries that are not part of the OECD will drive an increase in their energy demand of more than 70 percent in 2030 compared to 2005. By contrast, improvements in energy efficiency will help keep energy demand in OECD countries essentially flat over the period to 2030, even though the total economic output of these nations is expected to rise by approximately 60 percent.
* Efficiency gains are expected to accelerate between 2005 and 2030 versus historical trends. Gains in the wise and efficient use of energy across all sectors of economies worldwide will curb energy demand growth through 2030 by about 65 percent.
* There will be an expansion of natural gas supply, particularly in the United States where unconventional gas supplies are expected to meet more than 50 percent of gas demand by 2030.
* Power generation is the largest and fastest growing major energy-demand sector and is likely to represent 55 percent of the total growth in demand through 2030. At that time, power generation will account for about 40 percent of total primary energy demand.
* Oil, natural gas and coal will continue to meet most of the world’s needs during this period because no other energy sources can match their availability, versatility, affordability and scale. The fastest-growing of these fuels will be natural gas, reflecting its abundance, versatility and economic advantages as an efficient, clean-burning fuel for power generation.
* Wind, solar, and biofuels will grow sharply through 2030, at nearly 10 percent per year on average. However, because they are starting from a small base, their contribution by 2030 is likely to remain relatively small at about 2.5 percent of total energy.
For more information about ExxonMobil’s Outlook for Energy, visit www.exxonmobil.com/energyoutlook.
Cautionary Statement: The Outlook and this release contain forward-looking statements. Actual future conditions (including economic conditions, energy demand, energy supply sources, and efficiency gains) could differ materially due to changes in law or government regulation and other political events, changes in technology, the development of new supply sources, demographic changes, and other factors discussed in the Outlook and under the heading "Factors Affecting Future Results" on the Investors page of our website at www.exxonmobil.com. See also Item 1A of ExxonMobil's latest Form 10-K.
ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products, and its chemical company is one of the largest in the world.
Follow ExxonMobil on Twitter at www.twitter.com/exxonmobil.
Karen Matusic, 972-444-1107
Feast or famine: Researchers identify leptin receptor’s sidekick as a target for appetite regulation
A Mayo Clinic researcher says the surprising findings suggest the possibility of a novel treatment for obesity
JACKSONVILLE, Fla. - Friday, January 28th 2011 [ME NewsWire]
(BUSINESS WIRE)-- A study by researchers at Mayo Clinic’s campus in Floridaand Washington University School of Medicine adds a new twist to the body of evidence suggesting human obesityis due in part to genetic factors. While studying hormone receptors in laboratory mice, neuroscientists identified a new molecular player responsible for the regulation of appetite and metabolism.
In the Jan. 11 online issue of PLoS Biology, the authors report that mice engineered not to express the lipoprotein receptor LRP1, in the brain’s hypothalamus, began to eat uncontrollably, growing obese as well as lethargic. They found that LRP1, a major transporter of lipids and proteins into brain cells, is a “co-receptor” with the leptin receptor -- meaning that both the leptin and LRP1 receptors need to work together to transmit leptin signals.
Leptin decides whether fat should be stored or used, resulting in lethargy or energy. When working properly, the hormone, which is made when body cells take in fat from food, travels to the brain to tamp down appetite.
“If a person is born with too little gene expression in the leptin pathway, which includes its receptors, or the circuitry is not functioning well, then leptin will not work as well as it should,” says the study’s lead investigator, neuroscientist Guojun Bu, Ph.D., of Mayo Clinic. “Appetite will increase, and body fat will be stored.”
Given these results, Dr. Bu says it may be possible to develop a treatment that increases gene expression in one or both of the protein receptors, which then increases the messages meant to decrease appetite sent to the brain.
The study was funded by the National Institutes of Health and the Alzheimer’s Association.
The researchers declare no conflicts of interest.
About Mayo Clinic
Mayo Clinic is a nonprofit worldwide leader in medical care, research, and education for people from all walks of life. For more information, visit www.mayoclinic.org/about/and www.mayoclinic.org/news.
Sunday, January 30, 2011
Planet Michael™ Publisher Also Acquires High Profile Development Company from Creators of Entropia Universe
LOS ANGELES and GOTHENBURG, Sweden-- - Thursday, January 27th 2011 [ME NewsWire]
(BUSINESS WIRE)-- SEE Virtual Worlds™, an entertainment company developing a virtual reality universe of connected planets tied to licensed franchises, and MindArk, the company behind the virtual 3D environment Entropia Universe, today announced SEE Virtual Worlds has procured the rights to Planet Calypso, the first planet in the Massively Multiplayer Online Role Playing Game (MMORPG) Entropia Universe, for $6 million USD. Taking place in a distant future, Planet Calypso is home to a human colony working to establish a new virtual civilization. The planet has been successfully running since 2003 with more than 950,000 registered accounts from 200 countries and territories with $428 million USD processed in player-to-player transactions in 2010. Additionally, SEE Virtual Worlds’ has acquired the assets of First Planet Company, a subsidiary of MindArk.
The acquisition follows news late last year that SEE Virtual Worlds plans a rollout of new planets in the Entropia Universe, beginning with Planet Michael™, a game being developed with the support and involvement of the Michael Jackson Estate, and a Universal Monsters world featuring Van Helsing and Universal Studios’ legendary line of cinematic monsters. First Planet Company will be rebranded as “SEE Digital Studios,” and will continue to enhance Planet Calypso while taking on new staff for the development of Planet Michael.
“As we move into 2011 and beyond, SEE Virtual Worlds will continue to bring its innovative product offerings to the virtual world marketplace,” said Martin Biallas, CEO of SEE Virtual Worlds. “We know that virtual worlds are extremely lucrative and much of our success will be strengthened by working with MindArk and the added experience that First Planet Company brings to the process, having developed the most successful planet in the Entropia Universe to date.”
“SEE Virtual Worlds is an excellent addition to the Entropia family due to their commendable reputation in the entertainment licensing space and their impressive list of upcoming entertainment properties such as Planet Michael,” said Jan Welter Timkrans, founder and CEO of MindArk PE AB. “As a platform provider in interactive online entertainment, we are focused on sharpening and expanding the highly successful Entropia Universe working alongside partners as they create and run new planets.”
Planet Michaelwill be an immersive virtual space themed after iconic visuals drawn from Michael Jackson’s music, life and the global issues that concerned him. Entire continents will be created to celebrate Michael’s unique genius in a way that underscores his place as one of the greatest artists of all time. At its core, Planet Michael will be a massive social gaming experience that will allow everyone, from the hardcore fan to the novice, to connect and engage in collaborative in-game activities with people worldwide.
MindArk has spent over a decade developing and investing in the technological advancement of the Entropia Universe, providing a unique opportunity to transform new and existing IP into interactive entertainment. With SEE Virtual Worlds’ acquisition of Planet Calypso and First Planet Company, MindArk is committed to fine-tuning their business model as a platform provider in 3D interactive online entertainment.
For additional information about SEE Virtual Worlds and SEE Digital Studios, please visit: www.seeglobalentertainment.com
For game updates and to register to become a part of Planet Michael, please visit: www.planetmichael.com
For additional assets and information please visit: http://bhimpact.gamespress.com/client_page.asp?i=181
About SEE Virtual Worlds
Special Entertainment Events, Inc. ("SEE") has been in the business of themed entertainment for over a decade. For SEE this is a process of utilizing known entertainment titles and franchises in new and innovative ways to increase brand awareness and create lucrative additional revenue streams for licensors and project investors. SEE has worked with some of the most iconic names in show business, including Star Trek and Titanic. SEE has received numerous awards for excellence in touring attractions and other themed entertainment projects.
SEE Virtual Worlds, LLC (“SEE VW”)is one of the newest divisions of the Los Angeles-based SEE group of companies. A natural extension of the company’s core licensing business, SEE VW and its affiliated and related companies bring the world of themed entertainment online. Through a virtual reality universe of connected planets, participants interact with their favorite motion picture, television, sports, and music properties. Planet Michael and a Universal Monsters world based on Universal Studios’ legendary line of cinematic monsters are the first themed planets specifically being created for the Entropia Universe. Using the state-of-the-art Entropia Universe platform, the real cash economy is incorporated in each planet, enabling participants to earn money through gameplay. For more information on the SEE group of companies and their products, please visit http://www.seeglobalentertainment.com.
About SEE Digital Studios AB
SEE Digital Studios AB ("SEE Digital Studios") is a subsidiary of SEE Virtual World Calypso, LLC. SEE Digital Studios maintains and creates updates for Planet Calypso, a free download, no subscription MMORPG with a real cash economy, and will develop new themed planets for the Entropia Universe, including Planet Michael. For more information on SEE Digital Studios please visit: http://www.seeglobalentertainment.com.
SEE is a trademark of Special Entertainment Events, Inc. in the U.S. and/or other countries. All Rights Reserved. SEE Virtual Worlds is a trademark of SEE Virtual Worlds, LLC in the U.S. and/or other countries. All Rights Reserved. The Universal Studios Monsters are trademarks and copyrights of Universal Studios, Licensed by Universal Studios Licensing LLLP. All Rights Reserved. Entropia Universe is a trademark of MindArk PE AB in Sweden and/or other countries. All Rights Reserved. Planet Michael is a trademark and copyright of SEE Virtual World MJ, LLC in the U.S. and/or other countries. All Rights Reserved. Planet Calypso is a trademark of SEE Virtual World Calypso, LLC in the U.S. and/or other countries. All Rights Reserved.
About Entropia Universe
Entropia Universe was launched in January 2003 and has grown to more than 1,100,000 registered accounts from over 200 countries or territories. It is the only virtual universe with a true Real Cash Economy (RCE). The currency, PROJECT ENTROPIA DOLLAR® (PED®), has a fixed exchange rate of 10:1 with the U.S. Dollar. The business model is unique as it is based on micropayments, meaning that the client software is free to download from the Internet, and there are no monthly subscription fees. Virtual funds acquired in Entropia Universe can easily be exchanged and then withdrawn into real-world funds. The business model has been very successful; the 2010 turnover of Entropia Universe topped $428 million USD. For more information, visit http://www.entropia-universe.com.
Entropia Universe © 2011 is created and owned by MindArk PE AB. All rights reserved.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6582133〈=en
Parnaz Taheri, 310-694-3120
Marion Wallace, 310-694-3151
MindArk PE AB
Christian Bjorkman, +46-(0) 31607260
Doha, Qatar - Thursday, January 27th 2011 [ME NewsWire]
In preparation for the launch of the GBI network later this year, GBI is hosting in Doha, representatives from its landing partners in Qatar, UAE, Bahrain, Kingdom of Saudi Arabia, Oman, Kuwait, Egypt & India, to train them on the GBI network.
Launching in 2011, GBI is the Middle East’s first privately owned submarine cable operator. GBI’s Cable System, utilizes the latest subsea fiber cable technology and will connect all the countries of the Gulf region to each other and provide onward connectivity to Europe, Africa and Asia.
“This training is part of GBI’s commitment to excellence” said Mr. Samih Kawar, GBI’s Chief Technical Officer. “We are investing in this training to ensure our Landing Partners have a comprehensive understanding in the use and operation of any equipment related to our cable system, including transmission and testing equipment provided by GBI’s supplier TESubcom.”
The initial training lasts for two weeks and provides an introduction to and familiarization with the GBI cable system. At the end of the course, the trainees will have covered the system overview, system configuration, engineering summary and major system components.
With a design capacity of up to 5 terabits per second on certain cable sections, GBI’s cable system will address the forecast growth in traffic originating and terminating in Gulf. GBI’s cable system will provide telecom operators, in the region and globally, with greater choice, value, diversity and resilience.
Gulf Bridge International (GBI) is a private company dedicated to connecting all the nations of the Gulf region to one another and to the rest of the world, using the latest fiber optic technologies. The GBI cable will be developed and owned by GCC investors who are building this strategic infrastructure to serve the entire region. GBI intends to be the carrier’s carrier of choice for traffic to and from the Gulf, facilitating social and economic growth in the region
For more information visit www.gbiinc.com
Cohn & Wolfe Public Relations, Doha, Qatar
Telephone: + 974 576 3965
AMSTERDAM - Wednesday, January 26th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces that it has started to deliver its electronic passport solutionto Korea’s National Printer, Korea Minting and Security Printing Corporation, through its local partner LG CNS. Electronic passports greatly enhance security while providing citizens with a convenient way to travel.
Gemalto provides in particular its highly-secure, high-performance ePassport Operating System that speeds up border control. Its Sealys ePassport solution also increases personalization performance, significantly reducing issuing cost. In Korea, the Gemalto ePassport Operating System and application software are embedded in Gemalto’s highly durable electronic covers.
The protection of citizens’ personal information also requires an extremely high level of security. This is ensured by various technologies that are part of Gemalto’s ePassport Operating System, which has been certified against the international “Common Criteria” security evaluation process.
“Gemalto’s global expertise and product offerings in the government sector, particularly in ePassports, make them a natural partner for us,” commentedDr. Moon Hyung Yoon, Business Development Senior Leader, LG CNS. “We are happy that our cooperation has brought about a solution that meets the particularly high Korea ePassport program expectations.”
“We are delighted to be part of this achievement, where we can contribute our latest technologies to the security of citizens of Korea,” added Tan Teck Lee, President of Gemalto Asia. “The Sealys solution speed and durability advantages are clear and Korean ePassport holders will appreciate this secure and convenient way to travel.”
Gemalto's ePassport technologies are used in over 20 national ePassport programs worldwide including Estonia, Denmark, France, India (diplomatic), Malta, Morocco, Norway, Portugal, Qatar, Singapore, Sweden, Turkey and the United States of America.
Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security with 2009 annual revenues of €1.65 billion, and over 10,000 employees operating out of 75 offices, with research and service centers in 41 countries.
Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work—anytime, anywhere—has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.
Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security. We do this by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM), Universal Integrated Circuit Card (UICC) in mobile phones, smart banking cards, smart card access badges, electronic passports, and USB tokens for online identity protection. Moreover Gemalto delivers on emerging applications related to the ‘Internet of things’ by supplying wireless modules and machine identification modules (MIM) for machine-to-machine communication. To complete these solutions we also provide software, systems and services to help our customers achieve their goals.
As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.
For more information please visit www.gemalto.com.
About LG CNS
LG CNS (which stands for 'Consulting and Solutions') as of 2009 has 7,000 employees at its headquarters, 7 overseas subsidiary companies and 4 subsidiary companies around the world to help clients with IT challenges; LG CNS provides comprehensive solutions from consulting to system deployment and operation.
For more information please visit: https://www.lgcns.com
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6585095〈=en
Yvonne Lim, +65 6317 3730
Peggy Edoire, +33 4 42 36 45 40
Europe, Middle East & Africa
Jessi Marshall, +1 512 257 3902
Ramzi Abdine, +55 11 5105 7659
DAVOS, Switzerland - Wednesday, January 26th 2011 [ME NewsWire]
(BUSINESS WIRE)-- The Centre for International Governance Innovation (CIGI) and the Institute for New Economic Thinking (INET) are pleased to announce a new partnership aimed at furthering their complementary missions.
Under the agreement, CIGI will provide $25 million (CAD) over five years to support joint CIGI-INET activities.
Both organizations are committed to broadening and accelerating the development of innovative thinking that will lead to insights and solutions for the great economic and governance challenges of the 21st century.
* INET, founded in 2009 in response to the global financial crisis, is a non-profit organization providing fresh insight and thinking to promote changes in economic theory and practice through conferences, grants and education initiatives.
* CIGI, founded in 2001, is an independent, nonpartisan think tank addressing international governance challenges through research and policy development. It aims to develop policy innovations, create capacity and build networks, all to contribute to the achievement of a more prosperous, sustainable, equitable and peaceful world.
“The partnership between CIGI and INET is a very fortunate one because both organizations are guided by the same respect for integrity and impartiality in research,” says George Soros, Chairman of Soros Fund Management LLC and Founding Sponsor of INET. “This partnership will expand INET’s programs into Canada and function as a catalyst for ,and the development of research in economics and governance worldwide.”
“I think this partnership has enormous potential for two world-class organizations to bring together their unique areas of strength,” says CIGI founder and Chair Jim Balsillie. “Each of us brings something different to the table – CIGI with its focus on global governance and INET with its focus on rethinking our economic models. It’s a perfect fit.”
INET’s initiatives include: research grants designed to harness the new economic thinking that is crucial to effecting change; a campus outreach program that sees Nobel Laureates and world-renowned scholars visiting graduate students in economics to promote education, discourse and the sharing of new ideas; and an events program aimed at fostering open discussion, transparency and the amplification of fresh ideas.
Under the new partnership, these activities — including the grants and campus outreach — would be extended to Canada. As well, CIGI and INET are exploring a joint conference on the global economy to be held at CIGI’s headquarters in Waterloo, Ontario, Canada. As the partnership develops, CIGI and INET will consider additional joint activities to further their common mission.
“Having the opportunity to work with Jim Balsillie, Tom Bernes and the CIGI team is very exciting,” says Dr. Robert Johnson, Executive Director of the Institute for New Economic Thinking. “Our organizations, working together, possess a tremendous capacity for creative action.”
“I think this is a highly complementary partnership between CIGI and INET that will enhance the capacity of both institutions to make a major contribution toward finding solutions for the global challenges we face,” says CIGI Executive Director Thomas A. Bernes.
For more information, including a video on the partnership, please visit www.cigionline.org/INETor www.ineteconomics.org/CIGI.
The Centre for International Governance Innovation (CIGI)is an independent, nonpartisan think tank on international governance. Led by experienced practitioners and distinguished academics, CIGI supports research, forms networks, advances policy debate and generates ideas for multilateral governance improvements. Conducting an active agenda of research, events and publications, CIGI’s interdisciplinary work includes collaboration with policy, business and academic communities around the world. CIGI was founded in 2001 by Jim Balsillie, co-CEO of RIM (Research In Motion), and collaborates with and gratefully acknowledges support from a number of strategic partners, in particular the Government of Canada and the Government of Ontario. For more information, please visit www.cigionline.org.
About the Institute for New Economic Thinking: Launched in October 2009 with a $50 million commitment from George Soros anddriven by the global financial crisis, the Institute for New Economic Thinking (INET) isdedicated to empowering and supporting the next generation of economists and scholarsin related fields through research grants, Task Force groups, academic partnerships, andconferences. INET embraces the professional responsibility to think beyond currentparadigms. Ultimately, INET is committed to broadening and accelerating thedevelopment of innovative thinking that can lead to insights into and solutions for thegreat challenges of the 21st century and return economics to its core mission of guidingand protecting society. For more information, please visit www.ineteconomics.org.
Declan Kelly, 519-885-2444, ext. 356
Keating & Co.
Rick Keating, 212-925-6900 or 917-767-2400
ZAP Completes 51% Acquisition of China’s Jonway Automobile, Cathaya Capital Funds Total of US$36 Million
New U.S.-China Automaker Aims at Emerging Electric Car Market
SANTA ROSA, Calif. - Wednesday, January 26th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Electric vehicle market pioneer ZAP (OTCBB:ZAAP) announced today that it has completed its acquisition of 51 percent of the capital stock of Zhejiang Jonway Automobile Co. Ltd. of Sanmen, Zhejiang, China. Cathaya Capital LP has funded the aggregate amount of US$36 million.
The final payment of US$19 million related to the acquisition was made on January 21, 2011 with the funding from Cathaya Capital. Total cash payment for the acquisition of 51 percent of Jonway Automobile was US$30,030,000.
With ZAP’s electric vehicle (EV) technology expertise and international experience, the combined company intends to build the necessary production platform to address the Chinese EV market. The newly combined company, to be renamed ZAP Jonway, will leverage Jonway Auto’s A380 SUV, as well as its established distribution channels to the Chinese market with over 90 direct dealers. ZAP Jonway will manufacture and sell SUVs powered by ZAP’s electric drive train and expects to benefit from the 60,000 RMB (approximately US$9,000) government incentives granted to electric car buyers.
Jonway Automobile anticipates vehicle sales for its gasoline A380 SUV to increase by 40 percent to over 10,000 vehicles in 2011 compared to 2010. In 2009, its first year of sales, Jonway Automobile experienced sales of 4,000 SUVs, which rose to over 7,000 in 2010, each with a sales price of around US$11,000. ZAP Jonway is currently adding to its manufacturing production lines to deliver the A380 EV SUV by the anticipated date of June 2011 and ZAP’s ALIAS EV roadster by September 2011.
“Jonway Automobile’s revenues from selling its gasoline vehicles will help build the foundation for ZAP Jonway’s growth in the electric vehicle market, allowing ZAP to focus on further strengthening its EV technology, reinforced by Jonway’s manufacturing production expertise and ready market access to China,” said Dr. Priscilla Lu, founder and general partner of Cathaya Capital, a Cross Border Fund focused on China. Dr. Lu has served as Chairman of the Board for ZAP since September 2009. Cathaya Capital has invested US$36 million in ZAP since September 2009 with the goal of completing this 51 percent acquisition of Jonway Automobile.
Jonway Automobile is ISO 9000 certified with over 3.6 million square feet of fully provisioned factory space on 141 acres of land.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ZAP’s products, increased levels of competition, new products and technological changes, ZAP’s dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the ZAP’s periodic reports filed with the Securities and Exchange Commission.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6584291〈=en
ZAP Jonway USA
Alex Campbell, +1-707-525-8658 ext. 241
ZAP Jonway China
Jessica Gao, +86 13511038395
The Nielsen Company Announces Pricing of Its Initial Public Offering and Concurrent Offering of Mandatory Convertible Subordinated Bonds
NEW YORK - Wednesday, January 26th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Nielsen Holdings N.V. (“The Nielsen Company”) announced today that it has priced its initial public offering of 71,428,572 shares of its common stock at $23.00 per share. The Nielsen Company’s shares of common stock are expected to begin trading today, January 26, on the New York Stock Exchange under the ticker symbol "NLSN." The Nielsen Company has also priced its concurrent offering of $250 million in aggregate principal amount of mandatory convertible subordinated bonds (the “bonds”), which will be mandatorily convertible into shares of The Nielsen Company’s common stock on February 1, 2013. The bonds will bear interest at a rate of 6.25% per annum, and the conversion rate per $50.00 principal amount of bonds will be between 1.8116 and 2.1739, depending on the market value of The Nielsen Company’s common stock, subject to customary anti-dilution adjustments.
In the initial public offering, The Nielsen Company will sell 71,428,572 shares of common stock. The IPO’s underwriters have a 30-day option to purchase up to 10,714,286 of additional shares of common stock from The Nielsen Company at the initial public offering price less the underwriting discount. In the bond offering, The Nielsen Company will sell an aggregate principal amount of $250 million of bonds. The underwriters of the bond offering have a 30-day option to purchase up to an additional $37.5 million in aggregate principal amount of bonds from The Nielsen Company at the initial public offering price less the underwriting discount.
The Nielsen Company will receive net proceeds of approximately $1,560 million from the initial public offering of its common stock and approximately $240 million from the bond offering after payment of commissions and estimated expenses. The Nielsen Company intends to use the proceeds to repay a portion of its outstanding indebtedness and to pay an advisory agreement termination fee to its current owners.
J.P. Morgan, Morgan Stanley, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co. and Citi are serving as joint book-running managers for both offerings, with BofA Merrill Lynch, William Blair & Company, Guggenheim Securities, Wells Fargo Securities, Blaylock Robert Van, LLC, HSBC, Loop Capital Markets, Mizuho Securities USA Inc., Ramirez & Co., Inc. and The Williams Capital Group, L.P. are acting as co-managers.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Copies of the prospectuses may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling toll-free at 1-866-803-9204, or Morgan Stanley & Co. Incorporated; Attn: Prospectus Dept., 180 Varick Street, 2nd Floor, New York, NY 10014, Email: email@example.com, or by calling toll-free at 1-866-718-1649.
About The Nielsen Company
The Nielsen Company is a global information and measurement company with leading market positions in marketing and consumer information, television and other media measurement, online intelligence, mobile measurement, trade shows and related assets. The company has a presence in approximately 100 countries, with headquarters in New York, USA. For more information on The Nielsen Company, visit www.nielsen.com.
Nielsen Holdings N.V.
Migration to IPv6 is imperative to maintain business continuity
FREMONT, Calif. - Wednesday, January 26th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Hurricane Electric, the world’s largest IPv6-native Internet backbone and leading colocation provider, today predicted that the Internet Assigned Numbers Authority (IANA) will allocate its final block of IPv4 addresses sometime next week.
The exhaustion of available IPv4 addresses from the IANA means that Internet Service Providers (ISPs) and Regional Internet Registries (RIRs) may be unable to fulfill requests for additional IPv4 address blocks from organizations with dwindling reserves of free addresses. IPv4-only organizations denied new addresses may face high capital expenditures to install and configure the networking equipment necessary to work around the lack of addresses.
“In order to avoid costly capital expenditures down the road and possible failure on their business continuity plans, companies must make the migration to IPv6 sooner rather than later,” said Martin Levy, Hurricane Electric’s Director of IPv6 Strategy. “Companies that fail to migrate to IPv6 will face a number of painful options, including buying expensive equipment to cobble together an address-sharing scheme or going out to the marketplace to acquire IP address space at a potentially exorbitant price.”
Hurricane Electric’s global Internet backbone is one of the few that is IPv6-native at each and every customer connection and at each and every location it operates at. First deployed on Hurricane Electric’s Internet backbone in 2001, IPv6 is offered as a core service and every customer is provided IPv6 connectivity. In addition to operating the world’s largest IPv6 network, Hurricane Electric connects to more than 1,100 associated IPv6 networks.
Hurricane Electric offers IPv4 and IPv6 transit solutions over the same connection at speeds of up to 10 Gbps. Within its global network, Hurricane Electric has 45 major exchange points with connectivity to more than 1,600 different networks. Employing a resilient fiber topology, Hurricane Electric leverages four redundant paths crossing North America, two separate paths between the U.S. and Europe, and rings serving Europe and Asia.
In addition to its global Internet backbone and colocation offerings, Hurricane Electric offers popular IPv6 certification, Tunnel Brokerand Free DNS Serviceofferings at no charge. For years, Hurricane Electric has educated network operators, CIOs and C-level executives about the benefits of IPv6 and how to implement the next-generation Internet protocol.
Hurricane Electric also offers an IPv4 exhaustion countdown applicationthat depicts the time left until all IPv4 addresses are depleted. Once the final allocation at the IANA occurs, the application will continue to monitor the five RIRs address space allocations. The RIRs (AfriNIC, APNIC, ARIN, LACNIC and RIPE) each has a finite amount of IPv4 space left for allocations to operators and end users.
About Hurricane Electric
Hurricane Electric is a leading Internet Backbone and colocation Provider. Hurricane Electric operates its global IPv4 and IPv6 network and owns several data centers in Fremont, California, running multiple N-by-10 Gbps links throughout North America, Europe and Asia. Founded by Mike Leber in his garage in 1994, Hurricane Electric now operates the largest IPv6 Internet backbone in the world as measured by the number of networks connected.
For additional information on Hurricane Electric, please visit http://www.he.net.
Milldam Public Affairs LLC
978-369-0406 (office voice) / 978-828-8304 (mobile)
Work is in progress at high speed to complete the Substation M for power generation and water desalination
The project is due to commission by the end of this year
Dubai, United Arab Emirates - Wednesday, January 26th 2011 [ME NewsWire]
This year will witness the completion of the Substation M Project at Jebel Ali intended to add 2000 MW of electricity power and 140 million gallons of desalinated water to DEWA’s generation capacity to reach a total of 9643 MW of power and 470 million gallons of desalinated water per day.
HE Saeed Mohammed Al Tayer MD & CEO of DEWA stated: “This substation is one of DEWA’s biggest projects where its cost exceeds AED 10 billions. It is a great addition to DEWA’s production capacity.”
“The second quarter of the present year will see the commissioning of 4 gas turbines, two auxiliary boilers and one steam turbine, in addition to the units which were put into service last year. These units included two gas turbines added during the first quarter of last year with the capacity of 234 MW each totaling 468 MW, whereas two units of water desalination were put into service with the capacity of 17.5 million gallons each totaling 35 million gallons of desalinated water per day, in addition to one auxiliary boiler,” HE Al Tayer added.
H.E Al Tayer also pointed out that the substation will be working at its full capacity by the end of this year.
H.E Al Tayer stated that DEWA’s projects are carried out according to a flexible strategic plan, which takes into consideration all different factors that can affect demand for its services, as power peak load increased last year by 9.6% compared with that peak load recorded in 2009, and demand for water also increased by 4.4% compared with that of 2009.
Media & Marketing Department,
Dubai Electricity and Water Authority
Tel: +971 4 324 4444
Fax: +971 4 324 8111
OSyS to Provide Cyprus Airways with Analytical Tools to Advance Fuel Efficiency and Emissions Management
RESTON, Va. - Thursday, January 27th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Optimized Systems and Solutions Inc. (OSyS) has been awarded a five-year contract to help Cyprus Airways improve fuel efficiency and establish effective emissions monitoring, reporting and verification (MRV) across its operation. Cyprus Airways is a new customer for OSyS, adding to the growing number of airline customers with fleets that range from large to small who benefit from the OSyS solutions.
“Efficient fuel consumption is of vital importance to Cyprus Airways in reducing fuel expenditure and minimizing our environmental impact,” said George Mavrocostas, CEO of Cyprus Airways. “The OSyS solution will give us a much greater understanding of our fuel usage. That provides a better foundation to make educated and informed decisions and enables more effective management of our fuel-conservation and environmental compliance initiatives.”
“In a competitive market with ever-increasing fuel prices, how to ensure optimized fuel efficiency for the long term is just as critical to airlines as how to save costs in the short term,” stated Mark Goodhind, Customer Business Director – Aviation for OSyS. “Our fuel management and emissions MRV solutions are a combination of data quality management, analysis expertise and reporting that deliver a competitive advantage for our customers. Cyprus Airways is the latest airline to realize the benefits of this innovative solution and it is great to have them on board.”
Because fuel costs rank among the major operating expenses for airlines, profitability can be increased by reducing fuel usage. OSyS’ solutions enable Cyprus Airways to reconcile actual operational usage against plan, quantify good and bad practices, and communicate them throughout the organization to effect change. Gaining greater control over fuel usage in this way provides additional fuel gains and identifies new saving opportunities for the airlines.
In addition, OSyS’ ETS (European Trading System) MRV solution positions the airline to meet, and go beyond, initial emission compliance requirements to the next steps of cost optimization and long-term decision support regarding carbon-credit trading.
NOTES to Editors:
1. A wholly-owned subsidiary of Rolls-Royce plc with more than 400 employees in the U.S., U.K., Qatar and Singapore. Optimized Systems and Solutions (OSyS) delivers software and services that reduce operating costs and optimize the availability of high-value equipment. OSyS solutions use customers’ asset-related data to enhance business performance.
2. OSyS has more than a decade of experience providing proven, mature processes and tools such as integrated electronic process safety management systems and equipment health management, to a worldwide customer base that includes Fortune 100 companies.
3. OSyS’ software engineering and information technology expertise, combined with extensive domain knowledge and proven processes, enables customers to be more proactive, make more-informed decisions and prevent costly problems. OSyS helps customers reduce risk to ensure safe, compliant and profitable operations and enjoy a predictive edge.
4. OSyS delivers consultancy, solution-driven and managed services to customers in more than 100 countries. For more information, please visit the OSyS web site at www.o-sys.com.
5. Cyprus Airways (Public) Ltd is the national airline of Cyprus, established in 1947. It operates scheduled services from Cyprus to destinations in Europe and the Middle East.
Optimized Systems and Solutions Inc.
Marketing and Communications Manager
Tel: +1 703 889 1329
Fax: +1 703 889 1359
NEW YORK & HONG KONG - Thursday, January 27th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Moelis & Company, the New York-headquartered independent investment bank, today announced its plans to expand into Asia with the acquisition of Asia Pacific Advisers (“APA”), an independent financial advisory firm based in Hong Kong. The acquisition of APA enhances Moelis & Company’s global presence and further strengthens its Asia Pacific capabilities, adding an established team in Hong Kong to complement the firm’s growing business in Asia Pacific. Closing of the transaction is expected in April 2011 and is subject to approval by the Hong Kong Securities and Futures Commission.
Founded by Chief Executive Officer Richard Orders, and shortly thereafter joined by Bert Grisel as Managing Director and Chief Operating Officer, APA provides high-quality, independent advice to leading corporations, institutions and professional investors in the Asia Pacific region. APA’s capabilities include a comprehensive range of advisory services, including mergers and acquisitions, capital markets advisory and restructuring. Since its inception in early 2009, APA has advised on many notable transactions in Asia Pacific, including serving as Joint Financial Advisor to Swire Pacific on the mandatory general offer for HAECO, which valued HAECO at US$2.2 billion, and advising on corporate governance terms between GOME and the founding shareholders of GOME. APA continues to have a growing pipeline of current business with corporates and private equity firms across Asia.
“Building our presence in Asia is a strategic priority for our firm and demonstrates our continued commitment to delivering global knowledge and capabilities to our clients,” said Ken Moelis, Chief Executive Officer of Moelis & Company. “Richard and Bert bring extensive experience advising clients across the Asia Pacific region and we are very pleased to be partnering with them and their talented team on this exciting endeavor.”
Moelis & Company has advised clients on many of the largest and most complex transactions since its establishment in 2007, including Anheuser-Busch on its sale to InBev, Yahoo! on its unsolicited proposal from Microsoft and the Government of Dubai on the restructuring of Dubai World. Recently, Moelis & Company has advised on a number of cross-border transactions with companies in Asia, including representing Pacific Century Motors, an entity backed by Beijing’s Municipal Government, on its acquisition of Nexteer Automotive from General Motors, and Orkla on its sale of Elkem to China National Bluestar Group.
Mark Aedy, Head of Europe, Middle East and Africa Investment Banking for Moelis & Company, said: “There are currently many opportunities for independent advisory firms, particularly in Asia Pacific, where clients are seeking strategic counsel and conflict-free advice. We look forward to working with the APA team to grow our business in the region and enhance our ability to provide our clients with world-class independent advice and solutions.”
Mervyn Davies, Lord Davies of Abersoch, who serves as Special Advisor to Ken Moelis and Chairman of Moelis & Company’s Global Advisory Board, added: “Establishing local expertise and capabilities in Asia is critical to serving a global client base effectively. This important strategic step, together with Moelis & Company’s new office in Dubai, adds significant breadth and depth to our global franchise.”
“APA is excited to join Moelis & Company,” said Mr. Orders. “We will benefit from its strong momentum, global reach and partnership culture. Our firms share a mutual focus on independent advice and long-term client relationships and together will offer premier advisory services to clients in the Asia Pacific region.”
Mr. Orders has over 20 years of experience in advising corporate clients across the Asia Pacific region. Prior to founding APA, he was a Managing Director in the combined RBS/ABN AMRO group in Asia Pacific and before that was Vice Chairman and Head of Global Clients Asia Pacific for ABN AMRO, where he worked since 1996. Prior to joining ABN AMRO, Mr. Orders was a Managing Director and Head of Barings Investment Banking in Asia. He has also worked for Barings in other roles within corporate finance and debt capital markets based in Australia and London. Over the course of his career, Mr. Orders has advised on many of the landmark transactions in Asia.
Mr. Grisel has over 20 years of investment banking experience advising clients on corporate finance matters and capital solutions. Prior to joining APA, he was a Managing Director for ABN AMRO and Head of Industrials and Real Estate based in Hong Kong. He has also worked in Amsterdam for ABN AMRO in various product groups and management positions.
About Moelis & Company
Moelis & Company, recently named Best Global Independent Investment Bank by Euromoney, is a global investment bank that provides financial advisory, capital raising and asset management services to a broad client base including corporations, institutions and governments. With over 470 employees, Moelis & Company serves its clients through offices in New York, Boston, Chicago, Dubai, London, Los Angeles and Sydney. For more information, please visit www.moelis.com.
Notes to Editors
Moelis & Company recently appointed Lord Davies of Abersoch, former Chairman and Chief Executive Officer of Standard Chartered PLC and Minister for Trade, Investment and Small Business for the United Kingdom, as Special Advisor to Chief Executive Officer Ken Moelis and as Chairman and founding member of the firm’s new Global Advisory Board.
Moelis & Company
Citigate Dewe Rogerson
BEIJING & TOKYO - Thursday, January 27th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Lenovo and NEC Corporation (NEC) today announced a strategic relationship that creates a joint venture between the two companies and forms the largest PC group in Japan. The agreement aligns NEC, Japan’s number one PC company, with Lenovo, the fastest growing top-five PC maker in the world*. The new joint venture gives both Lenovo and NEC a unique opportunity to grow their commercial and consumer PC businesses in Japan, the third largest PC market in the world, through a stronger market position, enhanced product portfolios, and expanded distribution channels.
The new joint venture combines NEC’s market reputation, product development capabilities, well-regarded customer service and knowledge of customer needs in Japan with Lenovo’s heritage of technology expertise, strong global business momentum, and global supply chain reach. It will give customers in Japan more innovative products that are faster to market, more attuned to their needs, and competitively priced.
Lenovo and NEC will form NEC Lenovo Japan Group, and under this group, Lenovo and NEC will establish a new organization known as Lenovo NEC Holdings B.V., registered in the Netherlands. Under the terms of the agreement, Lenovo will hold a 51 percent stake in the new joint venture, while NEC will hold a 49 percent stake. Hideyo Takasu, currently President, NEC Personal Products, Ltd., will become President and CEO of the new joint venture, while Roderick Lappin, currently Representative Director and President, Lenovo (Japan) Ltd., will become Executive Chairman. Lenovo (Japan) Ltd. and NEC Personal Computers, Ltd., a new company formed as a result of separating NEC’s PC business from NEC Personal Products, Ltd. will both become 100 percent subsidiary companies of the new joint venture. As the result of this transaction and upon closing, NEC will receive from Lenovo US$175million through an issue of Lenovo shares.
NEC has long been the leading PC company in Japan with widespread sales, marketing and distribution capabilities. Lenovo, the fourth-largest PC maker in the world* currently has a major research center, known as the Yamato Lab, in Yokohama, Japan, and a main sales office in Tokyo. Combining the operations of both companies in Japan will commence immediately with cooperation and collaboration in manufacturing, development and sales. The transaction is expected to close by June 30, 2011.
“The agreement with NEC is a perfect fit for our strategy. It reinforces our commitment to our core PC business while, at the same time, providing important new opportunities for growth in Japan,” said Yang Yuanqing, CEO, Lenovo. “We have a long history of innovation in Japan and a firm commitment to the Japanese market. Now, we are combining our global strength and momentum with NEC’s market leadership. It is the perfect partnership for us and for our customers.”
“Lenovo is the right partner at the right time for NEC, and we believe that we are creating a strategic relationship today that will benefit NEC and our customers for many years to come, said Nobuhiro Endo, President, NEC. “We believe this alliance will further reinforce and expand our PC business in Japan, upholding the NEC brand name and will continue to provide Japanese PC users with products supported by high quality and service. Taking this strategic relationship as a first step, NEC will accelerate expansion of our IT business worldwide.”
During and after the transition from independent operations to the joint venture, both companies expect that all their existing PC operations, including customer service, product delivery and warranty fulfillment, will continue as usual. The current product brand names of both NEC and Lenovo will continue, and the joint venture will leverage each company’s strength, such as NEC’s product development capabilities and Lenovo’s procurement resources to develop and to provide the most suitable products to all users in Japan. For consumer products, NEC and Lenovo will continue to maintain their own brands, and provide sales and support through existing routes. For commercial PCs, NEC will continue to market products and support customers through NEC’s current channels.
As part of this strategic alignment, Lenovo and NEC have also agreed to discuss further cooperation in other areas, including selling PCs and providing global support to Japanese companies operating outside of Japan (JOCs); developing, producing, and selling devices such as tablets; and selling additional IT platform products such as servers.
Lenovo (HKSE: 992) (ADR: LNVGY) is dedicated to building exceptionally engineered PCs. Lenovo’s business model is built on innovation, operational efficiency, and customer satisfaction as well as a focus on investment in emerging markets. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the Company develops manufactures and markets reliable, high-quality, secure, and easy-to-use technology products and services worldwide. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information, see www.lenovo.com.
In its fiscal year closing March 31, 2010, Lenovo recorded US$16.6 billion in revenue and last year reached a record high global market share at 10.4%*. Lenovo, the fastest growing top five consumer PC maker in the world, and the third largest commercial laptop manufacturer globally, has grown faster than the PC industry six quarters in a row worldwide, and Lenovo Japan has been the fastest growing PC company five quarters in a row in Japan.
Goldman Sachs acted as exclusive financial advisor to Lenovo for the NEC JV agreement.
About NEC Corporation
NEC Corporation (TSE:6701) is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company’s experience and global resources, NEC’s advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.
* All market statistics are according to IDC as of November 2010
03-5510-5003 or 03-5510-5004
Hong Kong (English/Chinese):
Angela Lee, (852) 2516-4810
MUSCAT, Oman - Thursday, January 27th 2011 [ME NewsWire]
(BUSINESS WIRE)-- FMSi, an authorised MiX Telematicspartner in the Middle East, has been awarded a tender with Petroleum Development Oman (PDO). This four year project focuses on driver safety, scoring and monitoring in order to significantly reduce road accidents and fatalities.
PDO is the premier hydrocarbon exploration and production company in the Sultanate of Oman. It accounts for more than 70% of the country's crude-oil production and nearly all of its natural-gas supply. PDO finds oil fields and develops them into productive assets by drilling wells and constructing and operating various hydrocarbon treatment and transport facilities. The crude oil that is produced from the fields is not sold by PDO, but rather delivered to a storage facility at Mina al Fahal, where it is loaded onto sea-going tankers at the discretion of their shareholders.
FMSi offers a wide range of solutions, extending from driver and vehicle performance management to tracking, two-way messaging and navigation. This is made easy using the MiX Telematics’ technology and service platforms.
MiX Telematics provides integrated driver safety solutionsto businesses that embrace a culture of ensuring employee and community safety and maintain the highest QHSE standards. These solutions report on vehicle data which allows customers to monitor and improve driver behaviour.
Raoul Restucci, Managing Director, PDO, reports, “I am pleased to report that as the Managing Director of PDO, I am the first employee to have my vehicle installed with this technology. I am now driving knowing that my driver behaviour is being monitored with my IVMS (in-vehicle monitoring system), which will be received and evaluated by an independent assessor.”
About MiX Telematics
Founded in 1996, MiX Telematicsis a global provider of vehicle tracking and fleet management products and services to consumers and companies of all sizes in over 100 countries on six continents. The company’s commercial product range – formerly marketed under the VDO brand and sold by Siemens VDO for 10 years – helps fleet owners ensure driver and passenger safety, reduce fleet running and fuel costs, comply with selected industry regulations, and track and protect vehicles and drivers. Commercial customers include Parmalat, Schlumberger, Chevron, Greyhound, Spar, and Scania. MiX Telematics has offices in South Africa, the UK, USA, UAE and Australia and an extensive global distribution network.
MiX Telematics (International)
Dongzhimen Hospital in China receives the milestone device
BOULDER, Colo. - Thursday, January 27th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Covidien (NYSE: COV), a leading global provider of healthcare products, today announced the delivery of the Company's 20,000th ForceTriad™ energy platform. The Dongzhimen Hospital, an affiliate of Beijing University of Chinese Medicine, in Beijing, China, took delivery of the device earlier this month. Known for its teaching and clinical research, Dongzhimen Hospital embraces both Chinese and Western medicine in serving the healthcare needs of its patients and the community.
The ForceTriad energy platform, which is used in combination with a variety of hand-held surgical devices, enables surgeons to use energy to achieve a range of tissue effects, including dissection and vessel fusion. Since its launch in 2006, the ForceTriad platform has been placed into service in hospitals in 94 countries.
"The purchase of the 20,000th ForceTriad energy platform by the Dongzhimen Hospital reflects Covidien's global expansion in energy devices," said Bryan Hanson, President, Energy-based Devices, Covidien. "Where surgeons once used traditional mechanical methods, they now routinely use energy to cut and fuse tissue."
The ForceTriad platform uses enhanced LigaSure™ tissue fusion technology to permanently fuse vessels, lymphatics, tissue bundles and pulmonary vasculature. This unit is used in a wide variety of surgical procedures, including many urologic and gynecologic procedures, such as hysterectomies.
Covidien is a leading global healthcare products company that creates innovative medical solutions for better patient outcomes and delivers value through clinical leadership and excellence. Covidien manufactures, distributes and services a diverse range of industry-leading product lines in three segments: Medical Devices, Pharmaceuticals and Medical Supplies. With 2010 revenue of $10.4 billion, Covidien has approximately 42,000 employees worldwide in more than 60 countries, and its products are sold in over 140 countries. Please visit www.covidien.comto learn more about our business.
Marta Newhart, 303-530-2300, ext. 7383
Vice President, Communications & Public Affairs
Bruce Farmer, 508-452-4372
Coleman Lannum, CFA, 508-452-4343
"زاب" تتم عملية الاستحواذ على 51 ٪ من "جونواي أوتوموبيل" الصينية و"كاثايا كابيتال" تمول الصفقة بقيمة 36 مليون دولار أمريكي
سانتا روزا، كاليفورنيا - يوم الأَرْبعاء 26 يناير 2011 [ME NewsWire]
(بزنيس واير) - أعلنت شركة "زاب" ZAP (اليوم (رمزها في بورصة OTCBB: ZAAP)، وهي الشركة الرائدة في صناعة السيارات الكهربائية، أنها أتمت عملية الاستحواذ على 51 % من أسهم "تشجيانغ جونواي أوتوموبيل" Zhejiang Jonway Automobileالمحدودة في سانمن بمقاطعة تشجيانغ في الصين. وقد مولت شركة "كاثايا كابيتال" Cathaya Capitalالصفقة بنحو 36 مليون دولار أمريكي. ودفع القسط الاخير المتعلق بالاستحواذ في 21 يناير 2011 وقد بلغت قيمته 19 مليون دولار عبر التمويل الذي قدمته "كاثايا". وبلغ مجموع المدفوعات النقدية للاستحواذ على 51 % من "جونواي أوتوموبيل" نحو 30 مليون دولار.
مع خبرة "زاب" في تكنولوجيا السيارة الكهربائية (إي في) وتجربتها الدولية، تنوي الشركة المندمجة بناء منصة الإنتاج اللازمة لتلبية متطلبات سوق السيارات الكهربائية الصينية. ستستفيد الشركة الحديثة التي سيطلق عليها اسم "زاب جونواي" ZAP Jonway، من السيارةالكهربائية الخفيفة متعددة الاستعمالات A380من "جونواي أوتو"، وكذلك من قنوات التوزيع في السوق الصينية وأكثر من 90 عميل مباشر. ستقوم "زاب جونواي" بتصنيع وبيع السيارات الكهربائية الخفيفة ذات الاستعمالات المتعددة بدعم من مشروع قطار "زاب" للقيادة الكهربائية، ويتوقع أن تستفيد من الحوافز بقيمة 60,000 يوان (حوالي 9000 دولار أمريكي) التي تقدمها الحكومة لمشتري السيارات الكهربائية.
تتوقع "جونواي أوتوموبيل" زيادة مبيعات السيارات الخفيفة ذات الاستعمالات المتعددة A380التي تعمل بالبنزين بنسبة 40 % أي بزيادة أكثر من 10 آلاف سيارة في 2011 مقارنة مع 2010. وشهدت "جونواي أوتوموبيل" في عام 2009، وهي سنة المبيعات الأولى، بيع 4000سيارة خفيفة متعددة الاستعمالات، والتي ارتفعت إلى أكثر من 7000 في عام 2010، وقد بلغ سعر كل منها حوالي 11,000 دولار أمريكي. توسع "زاب جونواي" حاليا خطوط الإنتاج الصناعي لتسليم سيارة A380الخفيفة وذات الاستعمالات المتعددة في الموعد المتوقع وهو يونيو 2011 وسيارة "الياس" ALIASالكهربائية السريعة من "زاب" في سبتمبر 2011.
قالت الدكتور بريسيلا لو، المؤسس والشريك العام في "كاثايا كابيتال" وهي شركة تمويل دولية تركز على السوق الصينية:"ستساهم عائدات ’جونواي اتوموبيل‘ من بيع المركبات العاملة بالبنزين على وضع الأسس لنمو ’زاب جونواي‘ في سوق السيارات الكهربائية، مما يسمح لشركة ’زاب‘ بالعمل على تعزيز تكنولوجيا السيارات الكهربائية الخاصة بها، والتي تدعمها خبرة ’جونواي‘ في الإنتاج والتصنيع والوصول إلى الأسواق في الصين". وقد عملت الدكتور لو كرئيسة لمجلس إدارة "زاب" منذ سبتمبر 2009. وقد استثمرت "كاثايا كابيتال" نحو 36 مليون دولار في "زاب" منذ سبتمبر 2009 بهدف إتمام عملية الاستحواذ على 51 % من "جونواي أوتوموبيل". حصلت "جونواي أوتوموبيل" على شهادة الايزو 9000 مع مصنع مجهز تماماً بمساحة 3.6 مليون قدم مربع والقائم على أرض تغطي 141 فدانا.
يحتوي هذا البيان الصحفي على بيانات تطلعية. يحذر المستثمرون من أن هذه البيانات التطلعية تنطوي على مخاطر وشكوك، بما في ذلك، على سبيل المثال لا الحصر، استمرار قبول منتجات "زاب" وارتفاع مستويات المنافسة والمنتجات الجديدة والتغيرات التكنولوجية واعتماد "زاب" على الموردين لجهة خارجية وحقوق الملكية الفكرية وغيرها من المخاطر التي تشرح بالتفصيل من وقت لآخر في تقارير "زاب" الدورية المودعة لدى لجنة الأوراق المالية والبورصات.
أتمت"زاب"،الشركة الرائدة في صناعة السيارات الكهربائية، عملية الاستحواذ على 51% من أسهم "تشجيانغ جونواي أوتوموبيل"المحدودة في سانمن بمقاطعة تشجيانغ في الصين لتصنيع وبيع السيارات الكهربائية الخفيفة ذات الاستعمالات المتعددة للشركات في الصين(الصورة: بزنيس واير)
ان نص اللغة الأصلية لهذا البيان هو النسخة الرسمية المعتمدة. أما الترجمة فقد قدمت للمساعدة فقط، ويجب الرجوع لنص اللغة الأصلية الذي يمثل النسخة الوحيدة ذاتالتأثير القانوني.
"زاب جونواي" في الولايات المتحدة الأمريكية
هاتف: 8658 525 707 1+ تحويلة. 241
"زاب جونواي" في الصين
هاتف: 13511038395 86+
برلنجتون، ماساشوستس - يوم الأَرْبعاء 26 يناير 2011 [ME NewsWire]
(بزنيس واير) - أعلنت شركة "آسبين تكنولوجي" Aspen Technology, Inc.(المدرجة في بورصة ناسداك بالرمز AZPN)، والرائدة في مجال توفير برمجيات وخدمات تحسين عمليات التصنيع عن مؤتمرها العالمي، "أوبتيمايز" 2011 OPTIMIZE ، الذي سيُعقد في واشنطن العاصمة في شهر مايو 2011. وسيعرض مؤتمر "أوبتيمايز" 2011 كيف تستخدم شركات العمليات الرائدة توظف تحسين العمليات لتحقيق نتائج مالية وتشغيلية ممتازة. ويحتفل مؤتمر 2011 أيضاً بثلاثين عاماً من الابتكار والقيادة في قطاعات العمليات.
- غيّرت "آسبين تك" اسم المؤتمر إلى "أوبتيمايز" تأكيداً على قيم الشركة الخاصة بالعملاء، والتي تتمثل في تحسين عمليات الهندسة والتصنيع وسلاسل التوريد لمساعدة العملاء على تحقيق نتائج مالية وتشغيلية متيمزة
- من المتوقع أن يحضر مؤتمر "أوبتيمايز" 2011 أكثر من ألف شخص من 40 بلداً وسيعرض العشرات من قصص العملاء حول أفضل ممارسات تحسين العمليات في مجال الهندسة والتصنيع وسلاسل التوريد في قطاعات الطاقة والكيماويات والأدوية والهندسة والبناء وغيرها من قطاعات العمليات.
- يسلّط المؤتمر، من خلال كافة محاوره تحت عناوين تحسين الهندسة وتحسين التصنيع وتحسين سلاسل التوريد وتحسين تكنولوجيا المعلومات وتحسين الطاقة، الضوء على كيف تستخدم شركات تصنيع العمليات من حول العالم برنامج "آسبين وان" aspenONEوذلك لدعم أهم عملياتهم التجارية والعنصر البشري مع تحسين الايرادات من رأس المال عبر دمج عمليات الهندسة والتصنيع وسلاسل التوريد.
- سوف يُعقد مؤتمر "أوبتيمايز" 2011 في فندق ومركز مؤتمرات "جايلورد" الواقع على ضفة نهر بوتوماك، في الفترة من 23 و25 مايو 2011. ويمكن لعملاء "آسبين تك" التسجيل اليوم على http://www.regonline.com/Register/Checkin.aspx?EventID=921668.
"بلير ويل"، نائب رئيس التسويق الأول في شركة "آسبين تكنولوجي"
"إنّ مؤتمر ’أوبتيمايز‘ 2011 هو المؤتمر العالمي الأول الذي يركّز حصرياً على تحسين العمليات فيجمع نخبة من المدراء والخبراء من شركات تصنيع عمليات رائدة من أنحاء العالم. ويقدّم هذا الحدث بيئة حيوية لتبادل أفضل الممارسات والرؤية حول تحقيق أداء عمل ممتاز عبر تحسين الهندسة والتصنيع وسلاسل التوريد. ويأتي المؤتمر في وقت تحتفل فيه ’آسبين تك‘ بعيدها الثلاثين كشركة البرمجيات الوحيدة الّتي تركّز حصرياً على تحسين قطاعات العمليات، وقد قرّرنا تسمية المؤتمر ’أوبتيمايز‘ 2011 لعكس مهمّتنا والقيمة التي نقدّمها لعملائنا".
- مؤتمر العملاء العالمي "أوبتيمايز" 2011
- التسجيل لمؤتمر "أوبتيمايز" 2011
- تويتر: @AspenTech
- "فايسبوك": AspenTech
نبذة عن شركة "أسبن تيك"
أسبن تيك" (AspenTech) هي مزود رئيسي للبرامج التي تحسّن عمليات التصنيع – متضمنة الطاقة والمواد الكيميائيةوالمواد الصيدلانية والهندسة والبناء والكهرباء والمرافق وغيرها من القطاعات التي تقوم بتصنيع وإنتاجمنتجاتها بالعمليات الكيميائية. بفضل حلولaspenONE المتكاملة، يمكن للشركات المصنعة أن تطبق أفضل الممارسات لتحسين عملياتالهندسة والتصنيع وسلاسل التوريد. ونتيجة لذلك، يتاح لزبائن "أسبن تيك" قدرةأكبر على زيادة القدرة الاستيعابية وتحسين الهوامش وخفض التكاليف وتصبح أكثر كفاءةفي استخدام الطاقة. لمعرفة كيف يعتمد المصنعون الرواد في العالم على "أسبن تيك" لتحقيق أهدافهم في التفوق التشغيلي، لمزيد من المعلومات يرجى زيارة الموقع الإلكتروني: www.aspentech.com
©إنّ شركة "آسبين تكنولوجي" و"آسبين تك" و"آسبين وان" وأفضل سبعة ممارسات لهندسة الامتياز و"أوبتيمايز" وشعار الورقة لـ "آسبين" جميعها علامات تجارية لشركة "آسبين تكنولوجي". جميع الحقوق محفوظة. أمّا العلامات التجارية الأخرى جميعها، فهي ملك لأصحابها.
إن نص اللغة الأصلية لهذا البيان هو النسخة الرسمية المعتمدة. أما الترجمة فقد قدمت للمساعدة فقط، ويجب الرجوع لنص اللغة الأصلية الذي يمثل النسخة الوحيدة ذات التأثير القانوني.
شركة "آسبين تكنولوجي"
هاتف: 8386-221-781 1+
بريد إلكتروني: firstname.lastname@example.org
لويس بول وشركاؤه (عن "آسبين تك")
هاتف: 5714-782-781 1 +
بريد إلكتروني: email@example.com