Gelam Gallery Alive November 2019

0

SINGAPORE – Media OutReach
7th November 2019 – Gelam Gallery Alive, organized by Colorinc Pte
Ltd and supported by Singapore Tourist Board, is a lively arts and craft market
with numerous performances. This event will be held at the recently opened
first ever outdoor art gallery Gelam Gallery @ Muscat Street over 2 weekends in
November, 16-17 November and 23-24 November 2019. The opening hours are 4pm to
10pm. Free entrance.

 

Visitors can visit this unique gallery and at the same time participate
in the various art and craft demos like dried flowers arrangements, the art of
macramé, hand-painted bags, silkscreen painting on bags, scarves, accessories,
crochet dolls and clay art, etc…  For
performances, be entertained by the juggling and mime artists, dancers and
other performing artists throughout the 2 weekends.

 

The Singapore Wellness Association will also be joining us with its
Lovestreets program. Since 2017, Lovestreets has popped up at multiple
festivals inviting passers-by to express their feelings, wishes and talents on
the Love canopy. This will be the same on 16, 17 and 24 November. On 23
November only, dating or married couples are invited to bring a little momento
or photo to Gelam Gallery Alive from 7-10pm to make and decorate little time
capsules for themselves to be hung up and lit on the Love canopy. For those who
register at the Lovestreets website, your time capsules will be collected and
kept for 10 years and opened at a special party on 14 February 2029.

 

This event is also supported by Singtel Dash.

An all-in-one mobile wallet, Singtel Dash enables you to make safe and
easy payments wherever you go — be it in-store or online, locally or globally.
Download Dash from Apple App Store or Google Play Store to shop, dine, commute
and send money with your mobile phone.

 

For more information on Dash, please visit www.dash.com.sg

 

Visitor Information:

The entrance to the Gelam Gallery is located at the two Muscat Street,
perpendicular to Baghdad Street, Singapore. For more information, please visit https://www.theadmin.sg/gelam-gallery-alive

Esports in Beijing: DHL brings Intel Extreme Masters tournament to China

0

  • First
    IEM stand-alone tournament in China
  • DHL
    is responsible for the event logistics as part of its partnership with ESL
  • Eight
    world-class CS:GO teams will be competing for a total prize pool of US$250,000
    and a point towards the Intel Grand Slam

BONN, GERMANY – Media OutReach – 7 November 2019 – From
November 7 through 10, 2019, Beijing will be hosting the top-flight esports
event — the Intel Extreme Masters (IEM). Eight of the best teams in the world
will be competing in the tactical shooter Counter-Strike: Global Offensive
(CS:GO). As Official Logistics Partner of ESL, of which the IEM is part, DHL is
responsible for the event logistics in Beijing. This includes transporting all
of the stage equipment as well as the teams’ gaming chairs, for example.

 

“We are proud to be able to play our part in the
first stand-alone IEM tournament in China as a partner, helping to deliver
exciting esports moments.” says Arjan Sissing, Head of Brand Marketing at DHL. “The
demands placed on the top players are immense, and to reach the apex of their
game they require extreme concentration, tactical and teamwork skills. It is
precisely this combination of speed, precision and passion which reflects DHL’s
values.”

 

IEM Beijing-Haidian 2019 will be held at the
Beijing University Students’ Gymnasium of Capital University of Physical
Education and Sports. The tournament is being co-hosted by Intel and the
world’s largest esports company, ESL. Having taken its first steps into China
in 2009, the Intel Extreme Masters is celebrating its tenth anniversary in the
country in this year. It is also the first time that IEM is being held as a
stand-alone event in China. Last year it was part of the China Digital
Entertainment Expo & Conference (ChinaJoy) in Shanghai. The winning team in
the final on November 10 will take home US$250,000 in prize money and will also
earn a point toward the Intel Grand Slam, with a prize pot of US$1 million at
stake.

 

As part of its partnership with ESL, DHL is
transporting a total of 770 tons of stage equipment and 1,050 gaming chairs to
the seven venues in Europe, the US and Asia in 2019, covering a distance of
44,500 kilometers. Together, the monitors being transported cover an area of
almost 4,500 square meters — the equivalent of eleven basketball courts.

 

“Every tournament location has its unique
challenges and requirements to which logistics must be precisely tailored. That
is why DHL is the Official Logistics Partner of ESL, drawing on decades of
expertise in event logistics to deliver amazing esports experiences for fans
around the world,” added Sissing.

 

In addition to its partnership with ESL, DHL has
a host of top-class partners in sports, lifestyle, fashion and culture. These
include Formula 1 and Formula E, football clubs such as FC Bayern Munich and
Manchester United, the Rugby World Cup 2019, and also a number of Fashion Weeks
and Leipzig’s renowned Gewandhausorchester.

 

You can find the press release for download as
well as further information on dpdhl.com/pressreleases

 

On
the Internet: dpdhl.com/press

Follow us at: twitter.com/DeutschePostDHL

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL family
of divisions offer an unrivalled portfolio of logistics services ranging from
national and international parcel delivery, e-commerce shipping and fulfillment
solutions, international express, road, air and ocean transport to industrial
supply chain management. With about 380,000 employees in more than 220
countries and territories worldwide, DHL connects people and businesses
securely and reliably, enabling global trade flows. With specialized solutions
for growth markets and industries including technology, life sciences and
healthcare, energy, automotive and retail, a proven commitment to corporate
responsibility and an unrivalled presence in developing markets, DHL is
decisively positioned as “The logistics company for the world”.

 

DHL is
part of Deutsche Post DHL Group. The Group generated revenues of more than 61
billion euros in 2018.

Xfers Launches Pilot Stablecoin Initiative Powered by Zilliqa to Drive Financial Inclusion in Southeast Asia

0

SINGAPORE – Media OutReach – 7 November
2019 – Southeast
Asia’s leading FinTech platform for digital businesses, Xfers, has launched its
first blockchain-enabled initiative to further the goal of building an open
financial ecosystem to enable financial inclusion in the region. With the
launch of StraitsX, its pilot stablecoin initiative powered by Zilliqa, Xfers
aims to create a frictionless and transparent payments ecosystem for Southeast
Asia.

In January 2019, Xfers obtained the approval for
Widely Accepted Stored Value Facility (WA SVF) from the Monetary Authority of
Singapore (MAS)–the first digital wallet to do so. As the company continues on
its vision of providing last-mile financial
services to the region, it boasts an extensive portfolio of clients including
digital asset firms Binance Singapore, Coinhako and WoWoo Exchange, as well as
merchants serving the underbanked in Indonesia – PayFazz, Porter Indonesia and
Tunai Kita. Today, Xfers partners merchants to process over US$150 million
every month, as they service a total of over 10 million unique active users
every month across Singapore and Indonesia.

Creating
an Open Future of Money


Open banking has unlocked greater value in the
banking and financial services industry, enabling merchants to provide consumer
services such as online savings and payments without having to navigate through
traditional banking touchpoints. As a result, consumers have easier access to
financial products, and are able to participate in a greater range of
activities, such as starting their own business–bringing about financial
inclusion in a more cost- and time-efficient manner.

This is especially so in Southeast Asia, where
access to traditional banking services may sometimes be difficult outside of
urban areas. With over 630 million people calling Southeast Asia home, and a
mobile user penetration rate of over 140 percent, the region’s digital
population makes a promising customer base for digital payments, especially in
communities currently underserved by banks.

With the Asian Development Bank predicting digital
financial solutions to have significant impact on financial inclusion in
Southeast Asia, Xfers is leading the way with the launch of their StraitsX
pilot initiative. Starting with XSGD, a token pegged 1:1 to the Singapore
Dollar, these stablecoins will increase the level of transparency for
transactions, while also reducing friction to accessing financial products.
This initiative will be supported by a number of early members, including
Binance Singapore, Coinhako, Coinut, Sparrow, Tokenize Xchange and WoWoo
Exchange.

“Southeast Asia has a heterogeneous landscape,
and Xfers wants to empower individuals and businesses to access financial
opportunities regardless of their circumstances,” said Tianwei Liu, Co-Founder
and CEO, Xfers. “StraitsX demonstrates our willingness to adopt technology to
propel our vision of building an open banking infrastructure for the region.
With the transparency that blockchain provides, as well as the stablecoins
being price-pegged to local fiat currencies, StraitsX aims to be the common
ledger for digital assets, payments, fund transfers and eCommerce.”

Building
Financial Trust via a Distributed Ledger

Creating an open financial ecosystem
that fosters financial inclusion requires reliable and trusted innovation. To
remove friction and provide greater transparency, Xfers will be leveraging
Zilliqa’s safe-by-design scripting
language Scilla to provide smart contract functionalities.

Built for enterprise use, Zilliqa is
a high-performance, high-security blockchain platform renowned for its use of
sharding as on-chain solution to preserve trust and enable greater scalability. To date, its blockchain is
able to process 2,828 transactions per second. Through this partnership,
Zilliqa’s proprietary smart contract language, Scilla, will be critical to
ensuring the security of the underlying smart contracts of the Xfers
stablecoins. Scilla is amenable to formal verification, thus providing enhanced
security for assets and transactions on the Zilliqa blockchain.

“We are excited for Xfers as they continue to
make inroads into Southeast Asia. Harnessing the features of our enterprise
blockchain, Xfers will be able to process a significant increase in user
transactions more securely at a scale than other present-day industry blockchain
platforms,” said Amrit Kumar, President, Zilliqa. “Spurred on by the promise of
greater financial inclusion, efficiencies and mobility, Zilliqa is proud to
build on our existing partnership with Xfers to deliver on the shared promise
of progress.”

“Industry players recognise our value, and with
us serving over 10 million users every month, we are excited to deliver even
more, especially for the underbanked across Southeast Asia,” continued Liu.

Xfer’s
stablecoin pilot is set to go live in December 2019, and interested parties can
visit
http://xfers.com to find out more information and preboard with
StraitsX.


About Xfers

Founded in 2015, Xfers is Southeast Asia’s
leading Fintech platform for digital businesses — aimed at enabling open
banking for Southeast Asia. It boasts a range of last-mile financial rails
including the Xfers Wallet Kit, payments, financing and card issuance. Today,
Xfers partners merchants to process over US$150 million every month, and
service a total of over 10 million unique active users every month across
Singapore and Indonesia. In Singapore, Xfers is the first digital wallet to be
approved by the Monetary
Authority of Singapore as a holder of a Widely
Accepted Stored Value Facility (WASVF)
. With this, the Xfers
Wallet can is entitled to hold unlimited users’ and merchants’ stored value,
and it joins the ranks of other WASVFs — EZ-Link Card, NETS CashCard, NETS
Flashpay, CapitaVoucher, and AliPay Merchant Services.

For more information, visit: https://www.xfers.com/

About Zilliqa:

Zilliqa
is a high-performance, high-security blockchain that powers next-generation enterprises and
applications. Developed from world-class academic research and helmed by a team
of experienced scientists, engineers, venture creators and leaders in the
financial services, Zilliqa addresses limitations in scalability and security,
enabling real-world usability across a variety of industries, including
finance, digital advertising, and gaming. In January 2019, Zilliqa successfully
launched its mainnet network, making it the first blockchain platform in the
world to successfully utilise sharding technology.


For more information, visit: zilliqa.com.


Kuehne + Nagel Launches New Airfreight Perishable Hub in New Zealand

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  • One of the world’s leading perishable logistics providers further
    expands its global network
  • Growing the KN FreshChain footprint across
    South Asia Pacific 

AUCKLAND, NEW ZEALAND – Media OutReach – November 7, 2019 – Kuehne + Nagel further enhances
its perishable logistics service offering with the opening of an airfreight
perishable hub in Auckland, New Zealand. The brand new facility is part of
Kuehne + Nagel’s strategy to grow its airfreight offering in the region, in
particular the KN FreshChain footprint. Being one of the leading perishable
logistics providers in the world, Kuehne + Nagel aims to drive service excellence
and further strengthen its end-to-end perishable solutions.

Picture caption, from left to right: Francis Murugan, Managing Director Kuehne + Nagel New Zealand, Karen Hageman, General Manager Airfreight Kuehne + Nagel New Zealand, Jens Drewes, President Kuehne + Nagel South Asia Pacific

 

Jens Drewes, President South Asia
Pacific of Kuehne + Nagel says, “With a well-known international reputation for
producing high-quality food products and produce for export, New Zealand is an
ideal location for building an airfreight perishable facility. This investment
reaffirms our long-term commitment to creating value for our customers through
our airfreight solutions, especially KN FreshChain.”

 

Located close to the Auckland Airport,
the hub of over 6,000 m2 has a dedicated space for the storage and
management of temperature-sensitive products. The facility is equipped with six
perishable cool rooms with adjustable temperature and two freezer chambers.
There are also two rooms dedicated for the handling of pharmaceutical products.
Additionally, the hub is Ministry of Primary Industries (MPI) certified.

 

“The perishable industry is a key
growth area for Kuehne + Nagel. The new facility will address the needs for
high-quality transportation of temperature-sensitive perishable products and strengthen
our position as a leading player in the New Zealand airfreight perishable
industry,” adds Francis Murugan, Managing Director, Kuehne + Nagel New Zealand.

About Kuehne + Nagel

With almost 82,000 employees
at more than 1,300 locations in over 100 countries, the Kuehne + Nagel Group is
one of the world’s leading logistics companies. Its strong market position lies
in the seafreight, airfreight, contract logistics and overland businesses, with
a clear focus on providing IT-based integrated logistics solutions. Further
information can be found at www.kuehne-nagel.com

amnimo sense Partners with TK International to Launch Beta Version of its Service Necessary from Installation to Operation of IoT in Malaysia

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KUALA LUMPUR, MALAYSIA – Media OutReach – 7
November 2019 – amnimo, Inc. (“amnimo”) and TK International Sdn. Bhd. (“TKI”),
an IT solutions provider in Malaysia, have packaged a suite of features
necessary from installation to operation of the Industrial Internet of Things
(Industrial IoT). The two companies will begin offering the package in Malaysia
on Thursday, November 7th, 2019, as amnimo sense beta (“amnimo
sense”), an IoT service for the industry available in installments from as little
as one month, for ease of use and implementation.

The partners aim to make amnimo sense a service that is constantly
improved and advanced in collaboration with customers.

IoT is a framework for the exchange of information among a wide
range of objects by connecting them to servers and cloud services over a
network. In recent years, companies and organizations in a broad array of
industries and business models have made rapid strides in the application and
use of IoT. However, small and medium-sized enterprises (SMEs) have made
considerably less progress in IoT utilization than large companies, as they
often lack the necessary IT specialists or resources to commit to major continuing
investments in new businesses.

To solve these problems, amnimo has launched amnimo sense, a
service that packages a suite of basic features necessary for using IoT, available
in user-friendly installments of as little as one month. Rates for the service
are determined by the context it is used.

Subscription to and use of amnimo sense is available from amnimo’s
e-commerce website. 

Overview
of amnimo sense

1      Example of actual service use

  • The monthly fee is based on the number of
    endpoint devices and gateways selected by the user on the e-commerce website,
    the data traffic volume generated on the mobile network and the number of
    users.
  • For example, if 10 users operate 10
    measurement points (endpoint devices) and one gateway on a single 100MB
    connection, the monthly fee is US$305 per month (tax included), provided the
    users supply the sensors themselves.

The
advantage of amnimo sense is that it packages the features necessary to
implement IoT from installation to operation, including data collection,
communications, operation, monitoring, security and more in the basic service.
This comprehensive package makes amnimo sense easy to connect, use quickly and
easily with no specialized knowledge.

To ensure security, each gateway of a customer who purchases
amnimo sense is issued a unique digital certificate, which is installed at the
factory before it is shipped. After shipment, the digital certificate is issued
automatically by a simple activation performed by the user, establishing safe
data communications.

■   
Basic Features of amnimo sense

 

 

Developed exclusively by amnimo, the endpoint devices (devices
that input the analog data acquired from sensors and communicate it to the
parent gateway device using the LoRa2 protocol; see photo) adopt an
energy-saving design that enables them to continue acquiring data over extended
periods of time.

2      A wireless communication protocol that
covers a wide area with low power consumption (Low Power Wide Area (LPWA)). Used
in IoT communication networks.

■   
amnimo’s exclusively developed endpoint
device consists of a communication module integrated with an I/O interface.

■   
Gateway

The
gateway is a relay device that connects the endpoint devices with the amnimo
cloud system.

 


Use cases: amnimo sense recipes

Some potential users of amnimo sense may lack a specific idea of
which devices to use to acquire data or how to apply the service. For such
users, amnimo has posted on its website a series of use cases for amnimo sense,
listing the devices required and the sequence of steps to build the system for
each. We call these use cases “IoT recipes.”

The amnimo sense recipes can be found at https://amnimo.com/en/solution/recipe/.
As of this date, amnimo has published the following 15 recipes. We plan to
continuously expand the list with the addition of further recipes.

*Recipe
for monitoring temperatures inside aquaculture freezers

Temperature sensors are used to gauge
remotely the temperature inside a freezer.

*Recipe
for monitoring and recording temperatures for warming
cabinets in the hospital

  Temperature
sensors are used to gauge remotely the temperature inside a hospital
temperature-controlled storage facility that is subject to inspection.

*Recipe
for CO2 concentration management for greenhouse cultivation

  This
recipe can easily gauge declines in CO2
concentration inside a vinyl shed from a remote location.

*Recipe
for detecting uncomfortable conditions in buildings

This recipe enables easy control of HVAC to
adjust CO2
levels inside a facility, preventing drowsiness and discomfort.

*Recipe
for monitoring operation of equipment (signal tower light)

  Light sensors are installed on the stacked
signal lights inside a factory, enabling operators to gauge the status of
operation of machining and molding equipment.

These
devices can be installed without modifying existing equipment.

*Recipe
for monitoring operation of equipment (AC cable)

  Alternating-current (AC) sensors are mounted
on the power-supply cables of machining and molding equipment inside a factory,
enabling operators to gauge the status of equipment operation. These devices
can be installed without modifying existing equipment.

*Recipe
for visualization of parts inventory in plants

  Weight
sensors are used to gauge remaining parts stocks, providing a simple guide for
timing the placement of parts orders.

*Recipe
for visualization remaining food and tableware for restaurants

  This
recipe visualizes remaining stocks of plates, etc. in a restaurant, providing a
simple guide for timing the replenishment of materials.

*Recipe
for detection of intrusion into hazardous areas

   Entry detection sensors are installed in
hazardous areas. When entry is detected, a manager is notified.

*Recipe
for notification of door opening / closing

  Opening and closing sensors are installed on
doors, enabling remote detection of opening and closing of doors.

*Recipe
for oxygen concentration management in underground machine room

  This recipe measures oxygen concentrations in
underground workplaces, enabling remote monitoring of danger levels.

*Recipe
for monitoring electrical leakage from equipment (Ver.3.3)

This
recipe notifies operators by e-mail alert when an electrical leak occurs, to
prevent electrical shocks and other accidents.

 

Subscription
to amnimo sense is available from the amnimo website as of today, Thursday,
November 7th, 2019.

Service
subscriptions are available at: https://support.amnimo.com/hc/en-us/requests/new?ticket_form_id=360001894173

amnimo will continue to expand the service menu for amnimo sense,
adding a wide range of new hardware such as devices and sensors as well as
application programming interfaces (APIs: frameworks for sharing software
features).

High resolution images are available here.

About amnimo

Company name

amnimo Inc.

Location

Naka-cho 2-9-32,
Musashino-shi, Tokyo, Japan

Formed

May 17, 2018

President & CEO

Koichi (Casey)
Taniguchi

Capital

90
million yen (wholly owned by Yokogawa Electric Corporation)

Business

Offering of IIoT
architecture-based services

About TK International

Company name

TK International
Sdn. Bhd. (1088406-U)

Location

B-8-02, Capital 2, Oasis Square, No. 2, 

Jalan PJU 1A/7A, Oasis Damansara, 

47301 Petaling Jaya, Selangor

Formed

April, 2014

President & CEO

Shingo Abe

Business

IT business consulting and distribution of IT
services based in Malaysia

URL

https://tk-international.com/

DEUTZ AG: DEUTZ records growth in revenue and earnings

0
  • New orders reflect weakening of
    demand as a result of the economic climate
  • Revenue rises in all regions and major application
    segments; high-margin service business grows by around 7 percent
  • Sharp increase in operating profit and corresponding
    profit margin even before exceptional items
  • Full-year revenue and EBIT guidance1) for 2019 confirmed
  • New orders reflect weakening of demand as a result of
    the economic climate
  • Revenue rises in all regions and major application
    segments; high-margin service business grows by around 7 percent
  • Sharp increase in operating profit and corresponding
    profit margin even before exceptional items
  • Full-year revenue and EBIT guidance1) for
    2019 confirmed

Key figures for the DEUTZ Group

EUR
million

Q1-Q3
2019

YoY change

Q3 2019

YoY change

New
orders

1,315.2

-15.1%

361.9

-20.0%

Unit
sales (units)

155,780

-0.5%

54,189

+5.6%

Revenue

1,379.9

+6.4%

450.1

+7.2%

EBIT

78.5

+71.0%

22.0

+76.0%

EBIT
before exceptional items

69.2

+50.8%

22.0

+76.0%

EBIT
margin

5.7%

+220 bps

4.9%

+190 bps

EBIT
margin
before exceptional items

5.0%

+150 bps

4.9%

+190 bps

Net
income

54.7

+53.7%

9.4

-8.7%

Net
income before exceptional items

46.8

+31.5

9.3

-9.7%

COLOGNE, GERMANY – EQS Newswire – 7 November 2019 – DEUTZ, one of
the world’s leading manufacturers of innovative drive systems, recorded further
growth in revenue and earnings in the first nine months of 2019.

“Despite a general slowdown in market growth, we saw revenue advance in
all regions and major application segments and also demonstrated our
operational strength by delivering a high double-digit percentage increase in
earnings,” says Dr. Frank Hiller, CEO of the DEUTZ Group, commenting on
the results for the first three quarters of 2019. “Overall, we believe
that we are on track to achieve the current full-year guidance for revenue and
earnings. We also reached important milestones in the implementation of our
growth strategy. Preparations for our joint venture with SANY to commence
production as planned in 2021 are progressing very well. At the end of
September, the foundation stone was laid for the new high-performance engine
factory in the Chinese city of Changsha. And at the beginning of the fourth
quarter, we added high-voltage battery technology as a key component of our
E-DEUTZ strategy by acquiring the battery specialist Futavis, taking us another
big step closer to a future of carbon-neutral off-highway vehicles.”

New orders reflect slowdown in market growth

DEUTZ received orders worth EUR1,315.2 million in the period under review. This
was 15.1 percent lower than the robust volume reported for the prior-year
period, which had been positively influenced by a change in customers’ ordering
patterns. In addition to this year-on-year effect, a weakening of demand as a
result of the economic climate had an adverse impact from the end of the second
quarter. New orders in the third quarter decreased by 20.0 percent year on year
to EUR361.9 million.

Unit sales close to the level of the prior-year period 



DEUTZ sold a total of 155,780 engines in the first nine months of this year,
meaning the Group’s overall unit sales were close to the level of the
prior-year period. By contrast, unit sales of Torqeedo’s drive systems, which are
included within that figure, rose by a significant 44.7 percent to reach
12,990. Looking at the third quarter in isolation, the Group’s unit sales fell
by 5.6 percent to 54,189 engines. This was due to a high double-digit
percentage increase in unit sales in the Agricultural Machinery application
segment and, in particular, to the boat drive business. At 6,832, Torqeedo’s
unit sales of boat drives were more than twice as high as in the prior-year
quarter, primarily due to an increase in demand for smaller outboard motors.

Year-on-year increase in revenue 



In the first three quarters of 2019, DEUTZ’s revenue grew by 6.4 percent to
EUR1,379.9 million. The Material Handling application segment performed
particularly strongly, delivering double-digit revenue growth of 11.3 percent,
as did the Agricultural Machinery application segment and high-margin service
business, whose revenues were up by 9.5 percent and 7.3 percent respectively.
The Americas and Asia-Pacific were especially buoyant, with business in these
regions expanding by 16.3 percent and 14.8 percent respectively. In the
Americas region, DEUTZ particularly benefited from the ramp-up of new engine
series, the service business with Xchange products, and higher demand for
electric boat drives. The main factors in the substantial increase in revenue
generated in the Asia-Pacific region were revenue growth in China and the
expansion of business with new customers.

Sharp increase in operating profit even before exceptional items 



In the first three quarters of 2019, operating profit (EBIT before exceptional
items) went up by 50.8 percent year on year to reach EUR69.2 million. Besides
the growth in revenue, this significant increase was predominantly due to a low
figure being reported in the prior-year period, which had been adversely
affected by a drag on earnings resulting from the joint venture DEUTZ Dalian
Engine Co. Ltd. The joint venture has since been sold. However, there were also
negative effects on earnings in the first nine months of 2019 relating to the
deconsolidation of the Argentinian company DEUTZ AGCO Motores S.A. Furthermore,
provisions had to be recognized in the first half of the year due to a product
recall involving Torqeedo companies. Operating profit in the third quarter of
2019 was also adversely affected by the opening of insolvency proceedings at a
major supplier. The EBIT margin before exceptional items rose from 3.5 percent
to 5.0 percent during the reporting period.

Positive exceptional items of EUR9.3 million arose from the sale of a small
part of the land at the former Cologne-Deutz site and were recognized in the
second quarter of 2019 in accordance with the sale agreement from 2017. After
taking these items into account, EBIT amounted to EUR78.5 million, which was
71.0 percent higher than in the first three quarters of 2018. The corresponding
EBIT margin increased from 3.5 percent in the prior-year period to 5.7 percent.

Net financial income deteriorated by EUR9.4 million year on year due to the
write-down on a loan granted to a supplier at the end of 2018. The opening of
insolvency proceedings at the supplier in September 2019 resulted in the
receivable being written down by EUR9.4 million.

Because of the growth in EBIT and despite the deterioration in net financial
income, net income increased by 53.7 percent year on year to reach EUR54.7
million. Earnings per share rose from EUR0.29 to EUR0.45. Adjusted net income
went up by 31.5 percent to EUR46.8 million; adjusted earnings per share
improved to EUR0.39.

Segment: DEUTZ Compact Engines

EUR
million

Q1-Q3
2019

YoY change

Q3 2019

YoY change

New
orders

1,019.5

-22.3%

263.3

-31.0%

Unit
sales (units)

122,638

-13.0%

40,714

-12.6%

Revenue

1,079.7

-0.5%

349.9

+0.7%

EBIT
before exceptional items

45.8

+62.4%

10.9

+45.3%

EBIT
margin
before exceptional items

4.2%

+160 bps

3.1%

+90 bps

 

  • Reassignment
    of the 2011 engine series to the DCS segment influences business performance
  • Despite
    the reassignment of the engine series, revenue is close to the level of the
    prior-year period, mainly due to a favorable shift in the product mix toward
    higher-value engines
  • Operating
    profit for the segment increases compared with the low figure reported for the
    prior-year period, which had been adversely affected by a drag on earnings
    resulting from the joint venture DEUTZ Dalian Engine Co. Ltd.
  • EBIT
    margin improving, partly because of the engine series reassignment and positive
    effects resulting from a shift in the product mix

DEUTZ Customised Solutions segment

EUR
million

Q1-Q3

2019

YoY change

Q3
2019

YoY change

New
orders

267.2

+24.1%

86.7

+35.7%

Unit
sales

20,152

+210.4%

6,643

+216.3%

Revenue

276.5

+44.2%

91.5

+38.6%

EBIT
before exceptional items

37.6

+43.0%

14.0

+66.7%

EBIT
margin
before exceptional items

13.6%

-10 bps

15.3%

+260 bps

 

  • Business
    performance influenced by inclusion in this segment of the 2011 engine series
  • Strong
    revenue growth, partly due to the expansion of the service business with
    Xchange products in the Americas region
  • Sharp
    increase in operating profit for the segment, mainly because of the greater
    proportion of earnings generated by the high-margin service business
  • EBIT
    margin close to the level of the prior-year period because the profit margin of
    the 2011 engine series is lower than that of the other series

 

Full-year revenue and EBIT guidance1) for 2019 confirmed


Despite a persistently challenging macroeconomic and geopolitical
environment, the DEUTZ Board of Management confirms its full-year guidance for
revenue and EBIT. Revenue is still expected to rise to more than EUR1.8 billion
in 2019 and the EBIT margin before exceptional items is predicted to be in the
range of 4 to 5 percent.

DEUTZ had been expecting to register a positive exceptional item of around
EUR50 million in 2019 once it received the final installment of the purchase
price for the sale of the Cologne-Deutz site, whereby both the exact amount and
the date of payment were/are dependent on the development plan for the site
being formally adopted. Formal adoption has been delayed, however, and so, based
on current information, the payment is now not expected to be made until 2020.
Contrary to previous expectations, the final installment of the purchase price
is now likely to be in the region of EUR60 million (previously around EUR50
million).

Moreover, it is still possible that the outstanding payments for the
purchase of the shares in the joint venture with SANY could be made before the
end of 2019. In this event, DEUTZ’s free cash flow would, contrary to the
original full-year guidance of a positive mid double-digit million euro amount,
fall significantly into negative territory.

1) See the ad-hoc disclosure from DEUTZ AG dated September 20, 2019.

Conference call 



Dr. Frank Hiller, CEO, and Dr. Andreas Strecker, CFO, will explain the results
to analysts and investors during a conference call on November 7, 2019, 9 a.m.
CET. The link to the live webcast is available online at https://www.deutz.com/investor-relations/.

Upcoming financial dates 



March 18, 2020: 2019 annual report / annual results press conference
May 7, 2020: results for the first quarter of 2020
May 14, 2020: 2020 Annual General Meeting

Forward-looking statements 



This investor news may contain certain forward-looking statements based on
current assumptions and forecasts made by the DEUTZ management team. Various
known and unknown risks, uncertainties, and other factors may lead to material
differences between the actual results, the financial position, or the
performance of the DEUTZ Group and the estimates and assessments set out here.
These factors include those that DEUTZ has described in published reports,
which are available at www.deutz.com. The Company does not undertake to update
these forward-looking statements or to change them to reflect future events or
developments.

The issuer is solely responsible for the content of this
announcement.

FlexEnable acquires Merck’s OTFT materials portfolio for flexible displays

0

FlexEnable is the first company to offer a complete solution – materials and processes – for the production of low-cost, large-area flexible displays and OTFT devices

 

CAMBRIDGE, UNITED KINGDOM – Media OutReach – 7
November 2019 – FlexEnable, the leader in the development and industrialisation
of flexible organic electronics, has acquired Merck’s portfolio of best-in-class,
high-performance Organic Thin-Film Transistor (OTFT) materials, including
revolutionary and highly-patented organic semiconductors and dielectrics. The
deal makes FlexEnable the first company to offer display manufacturers both the
only OTFT materials which are proven to have higher performance than amorphous
silicon, and an entire package of industrially-proven manufacturing processes
needed for production of flexible organic liquid crystal displays (OLCD) of any
size. With this material set and manufacturing IP, flat panel display companies
can produce low-cost, area-scalable flexible displays, sensors and devices for
mass-market applications such as consumer electronics, automotive, retail and
beyond.

The acquisition of Merck’s OTFT materials — now branded as
FlexEnable FlexiOM™ — includes over 300 patents covering materials, processes and devices. This brings FlexEnable’s total number of organic
electronics patents to over 1,000. FlexiOM™ materials, together with FlexEnable’s proprietary low-temperature processes,
allow glass TFT backplanes to be replaced with flexible OTFT backplanes enabling
thin, lightweight, shatterproof and flexible devices. The deal includes all of
the trailblazing IP and know-how developed by Merck over nearly 20 years, as
well as the necessary materials supply chain. FlexEnable is now employing key
members of technical staff responsible for the development of the materials and
intends to continue to advance and broaden this materials platform going
forward.

“Across industries such as consumer electronics and automotive,
flexible displays are the catalyst for the next generation of experiences and
products,” said Chuck Milligan, CEO of FlexEnable. “We have been working
closely with the Merck’s organic materials portfolio and team for many years and
we saw here a unique synergy with our expertise that would put us ahead of the
competition to replace flat glass displays in what is currently a $100 billion
addressable market. The addition of FlexiOM™ materials to our industry-leading processes will significantly
increase our revenue opportunity and further strengthen our business model,
while providing a rapid route for display makers to commercialise large-area flexible
displays needed now for many applications.”

“We are delighted to be able to offer our customers the world’s
strongest organic electronics materials set, and also to welcome our new team
members coming from Merck. We are also excited to welcome new customers
requiring these high-performance organic materials for a broad spectrum of
applications outside of displays.” added Chuck Milligan.

The addition of the FlexiOM™ OTFT
materials to the FlexEnable portfolio lowers the barrier to entry for flexible
OLCD production in existing LCD factories. Display manufacturers and OEMs can
for the first time license technical processes and the requisite materials as a
complete solution, accelerating the adoption of OLCD on existing flat panel
display production lines with minimal capital expenditure, while still
utilising the rest of their existing LCD supply chains. 

FlexEnable’s FlexiOM™ OTFT
materials are available immediately to customers worldwide for any organic
electronics applications.

About FlexEnable

With over 1000 patents and more than 1000
engineering years in the development of organic materials and manufacturing
processes, FlexEnable is the worldwide leader in organic electronics. We have
developed and industrialised a complete low-temperature manufacturing process
for small and large-area organic electronics on ultra-thin plastic substrates.
FlexEnable also owns the best-in-class, highest-performance organic materials –
FlexiOM™ – making us the only company to offer both materials which are better
than amorphous silicon and industrially-proven enabling manufacturing processes.
FlexEnable is bringing organic electronics technology to market in
a fabless business model. Our processes and solutions have been developed to be
run on existing flat panel display lines, leveraging existing assets and supply
chain. Applications for FlexEnable’s technology include flexible displays for
consumer electronics and automotive interiors, flexible sensors and optics. FlexEnable supplies FlexiOM™
materials and transfers and licenses its unique technology platform to display
manufacturers. We also work directly with OEM and Tier 1 companies on
developing next generation products, from design to prototyping and product
qualification all the way to volume production.


For more information
please visit
www.flexenable.com or contact info@flexenable.com.


AAX, the Next Generation Cryptocurrency Exchange, Raises the Bar for Trust, Integrity, Security and Performance

0

  • AAX’s next-generation
    cryptocurrency exchange gives retail and institutional investors access to
    institutional-grade trading performance with LSEG Technology’s Millennium
    Exchange™ matching engine
  • High-speed, secure and reliable
    platform for OTC, spot and derivatives trading of cryptocurrencies provides
    seamless retail and institutional investor onboarding in critical step to
    institutionalizing the digital asset class

HONG KONG , CHINA – Media OutReach – 7 November 2019  AAX,
the world’s first
cryptocurrency exchange powered by LSEG Technology, has launched today and is
offering investors greater levels of trust, integrity, security and performance
when trading in cryptocurrency OTC, spot and derivatives products.

 

The AAX platform lists more than 50
crypto-to-crypto trading pairs, as well as five perpetual futures trading
contracts offering up to 100x leverage for Bitcoin, Ethereum, Litecoin, EOS,
and XRP contracts. For cash investors, AAX also provides an OTC platform, which
first time cryptocurrency investors or investors looking to increase their
exposure to cryptocurrency assets can convert from US dollar, Renminbi and Hong
Kong dollars.

 

AAX, which will be open for
trading 24 hours a day and seven days a week, will use the LSEG Technology’s
Millennium Exchange matching engine to power the backbone of the exchange. LSEG
Technology is London Stock Exchange Group’s (LSEG) technology solutions
business used across LSEG and other global client trading venues. The matching
engine is capable of handling up to hundreds of thousands of transactions per
second at an average latency of under 500 microseconds, delivering investors,
performance levels on a par with traditional financial markets. As part of the
AAX deployment, it will be the first time that the matching engine has been
used in a 24-hour trading environment and deployed onto a cloud computing
platform.

 

AAX combines speed, security,
reliability with seamless market access for retail and institutional investors.
With operations in the heart of Asia, currently the world’s largest and most
active cryptocurrency trading region, AAX is the first institutional grade
crypto trading platform from the region. Retail investors will have access to
an integrated account to view their OTC, Spot and Futures positions, while
Institutional Investors will be able to connect directly with the exchange
using FIX and Binary interface protocols. In future,
AAX plans to offer a range of tokenised assets including securities
tokens, asset-backed tokens and stablecoins.

 

“AAX is setting the standard for the next
generation of cryptocurrency exchanges, offering much higher levels of trust,
integrity, performance and security than has previously been available to
retail and institutional investors,” said Thor Chan, CEO and co-founder of AAX.
“The combination of LSEG Technology’s matching engine with the highest
standards in compliance and security protocols, position AAX as the only
institutional-grade exchange in Asia serving the world’s most active and
fastest growing crypto-currency markets.”

 

“LSEG Technology is delighted to have
successfully deployed our world class matching engine capabilities at AAX. This
is the first time that Millennium Exchange has been deployed in the cloud,
bringing its, scalability, flexibility, reliability and seamless direct market
access to AAX,” said Ann
Neidenbach, CIO, LSEG Technology.

AAX is built from the ground-up with
world-class technology platforms.

 

  • AAX’s
    deployment of LSEG Technology’s matching engine is
    capable of processing large volume orders with latencies as low as 90
    microseconds with an average latency of under 500
    microseconds, at a rate of hundreds of thousands of transactions per
    second.
  • Simple and fast onboarding with direct market access to LSEG
    matching engine for institutions via FIX and binary
    protocols.
  • Highly secure and scalable core systems with world-class global
    cloud infrastructure and partnership with Kroll for best-in-class security
    frameworks and tools
  • Industry-leading KYC/AML procedures and market monitoring
    capabilities from data and
    information provider Refinitiv and blockchain analytics provider Elliptic

 

AAX is built for the rapidly changing
future of regulatory-compliant digital asset markets.

 

“We are at a unique point in time where
both retail and increasingly institutional investors are directly interacting
in a dynamic cryptocurrency landscape,” said Chan at AAX. “This requires both
an institutional-grade trading platform but also a level of flexibility to
innovate to meet changing regulatory needs and fast-moving market needs.”

About AAX

AAX is part of
Atom International Technology Limited, a specialist in decentralized blockchain
solutions using leading-edge digital technology. AAX is the world’s first
digital asset exchange to be powered by LSEG Technology. Offering OTC, spot,
and futures trading, it provides highly secure, deeply liquid and ultra-low
latency trading across a wide range of cryptocurrencies and digital assets. http://www.aax.com

British Airways partners UBA to Reward Loyal Customers (Photos)

The British global Airline, British Airways has partnered with leading Pan African financial institution, United Bank for Africa (UBA) Plc Airways have announced a collaboration to reward loyal customers who are cardholders of the bank.

The promo which will last for six months from November 2019, will see UBA customers getting significant discounts when they purchase their British Airways tickets using their UBA cards.

Specifically, the promo which will allow customers to enjoy between 10% to 15% discount on a ticket bought in for the period of the promo. The collaboration is aimed at increasing customer experience and satisfaction, while non-UBA customers only need to procure a card instantly from any UBA branch to enjoy the service.

L-R: General Manager, Corporate Bank, Muyiwa Akinyemi (middle); Regional Commercial Manager, West Africa, British Airways, Kola Olayinka (4th left), flanked from extreme left by Head, Aviation, UBA Plc, Bode Aregbesola; Head, Marketing UBA, Dupe Olusola; and Sales Manager, New Business Nigeria, British Airways, Peju Diya (right), at the signing collaboration agreement between UBA and BA, to reward customers who purchase their flights tickets using UBA cards with discount up to15%, in Lagos on Tuesday (BA). www.brandspurng.com

The General Manager, Corporate Bank Directorate, UBA, Mr Muyiwa Akinyemi, who expressed delight at the collaboration, noted that the promo between the two organisations was carefully thought out to ensure that loyal customers of the two institutions are duly rewarded while ensuring that they also receive more value for their money.

“UBA is excited to collaborate with one of the foremost Airlines in the world to run a promotion aimed at rewarding our cardholders and premium customers who will enjoy discounted tickets and other ancillary benefits such as loyalty points on the British Airways Executive Club.”

He explained that as a customer-centric institution, UBA is always on the look-out for services and reward schemes that will ultimately benefit the customers, in line with its Customer 1st policy.

It is interesting to note that the 10% to15% discount is exclusive of taxes and customers can use the award-winning LEO (Virtual) banker to book the British Airways tickets and utilise UBA cards to make the payments.

The General Manager for British Airways in West Africa, Mr Kola Olayinka, noted that the airline is pleased to partner with the bank due to its huge customer base and wide branch network, adding that with the partnership, more customers will be able to enjoy the promo.

He said, “British Airways is excited to partner with UBA, Africa’s Global Bank, to create a mind-blowing promotion aimed at raising awareness about this service to be rendered by both institutions.”

Continuing, Kola said, “In addition, the discounts provided by British Airways would reduce the cost of travel and encourage the Bank’s customers to make more foreign trips during the coming Christmas period and also reward their customers and staff as a way of giving them some very tangible savings on their travel budget”  he, however, advised customers of both organisations to book early for Christmas to take full advantage

British Airways is a full-service global airline, offering year-round low fares with an extensive global route network flying to and from centrally-located airports.

NIPC Publishes Draft 2020 Appropriation and IGR Budget Proposals

Further to the Open Government Partnership principles endorsed by the Federal Government of Nigeria (FGN), Nigerian Investment Promotion Commission (NIPC) has published its Appropriation and Internally Generated Revenue (IGR) Income and Expenditure Budget proposals for the 2020 fiscal year on its website. The proposals were published within a week of the 2020 FGN Budget proposal being submitted to the National Assembly, in compliance with the directive of the Honourable Minister of Finance, Budget and National Planning for all MDAs to publish their 2020 budget proposals on their websites.

The Appropriation budget is based on the envelope provided to NIPC by the Ministry of Industry, Trade and Investment (MITI), while the IGR budget is based on projected fees to be charged by NIPC from its operations. As required by the NIPC Act, the IGR proposals were approved by the Governing Council of NIPC, before they were sent to the Honourable Minister of Industry, Trade and Investment for final approval on 20 September 2019.

The proposals can be accessed at https://www.nipc.gov.ng/product-category/foi/proactive-disclosures/financial-information/

The management and staff of NIPC continue to work on delivering the NIPC mandate through a more proactive style of investment promotion and remain committed to instituting a culture of proactive disclosure of all required information, better corporate governance, compliance and transparency.

This release was made to advise the general public of the publication of the budget proposals.