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Travelport+; a next-generation platform for a new era of travel

PR Newswire

LANGLEY, England, April 7, 2021 /PRNewswire/ — Worldwide leader in travel retail, Travelport, has today launched its next-generation platform, Travelport+. Travelport+ is the centerpiece of Travelport’s new global strategy and is designed to accelerate industry innovation in multi-source content distribution, travel retailing and value generation.

Travelport+ truly changes the game in the speed of delivery of modern travel retail

Travelport+ is an extensive, next-generation platform that creates a simplified, capability-rich, marketplace for travel retailing. As travel distribution has evolved, retrofitting new types of distribution into existing platforms has led to increased complexity across the industry, slowing progress. Travelport+ is a true multi-source platform offering more dynamic, differentiated, retail-ready content, delivering better choices for retailers and consumers, in a faster, frictionless way.

“It’s a monumental moment in our history and in the development of our industry”, said Greg Webb, Chief Executive Officer at Travelport. “Travel hasn’t kept up with the evolution of modern digital retail and today, the buying and selling of travel is more complex than it needs to be. As Travelport is the only dedicated, global, travel distribution platform, we have made a multi-year investment to accelerate industry innovation in travel retailing. Bringing together the best of Travelport’s existing capabilities and tools and driving innovation to deliver the unmet needs of our industry, Travelport+ truly changes the game in the speed of delivery of modern travel retail and offers a fundamental upgrade to travel technology.”

Built as a single, next generation environment, including: a modern, lightweight, highly functional lightweight microservices API, complete with NDC content; enhanced airline ticket exchange tools; a trip container to manage all aspects of the trip; and a sophisticated point of sale solution to address the needs of the professional travel agent, Travelport+ sets a new standard in the management of global travel content.

Travelport+ offers better retailing and merchandising capabilities which in turn leads to higher value trips. Through better efficiency, supported by Travelport’s leading data and insights, Travelport+ will unlock the potential for better offers and more content for all parts of the travel industry.

Content+
Travelport+ will bring together the most compelling range of air (ATPCO, LCC and NDC), car, hotel, and rail content. It will achieve this by simplifying how Travelport connects and delivers travel-relevant content, regardless of the source, the seller, and how it’s consumed. It will also offer the tools to control new content in a way that optimizes revenue and provides a new approach to profile management where all components of a traveler’s journey are able to be retrieved, modified, and combined in any manner possible, regardless of source.

Retail+
Travelport+ will include an ever-broadening array of new tools with merchandising (including cross-sell and up-sell) capabilities designed to improve the traveler experience, while maximizing revenue and customer loyalty for travel retailers and suppliers. Merchandising capabilities will build on our existing configurable storefront for travel retailers that delivers personalized and dynamic offers to provide travelers with the best possible choice. Embedded intelligence will enable both travel retailers and suppliers to continually optimize their offers, as well as their pricing and merchandising strategies.

Value+
Travelport+ will enable customers to more tightly control their cost-to-serve and enhance their value generation through a series of best-in-class performance, efficiency and automation tools. The platform will also improve the user experience for developers, propelling traveler self-service and reducing pain points with exchanges, refunds and order management.

“We’re here to power the change makers” added Webb, continuing, “we’re championing simplification and supporting our agencies to be modern digital retailers. At Travelport, we’ve doubled down on what we do best; great content, better retailing and providing the best value to all parts of the travel industry. Nothing else, no conflicts or competing interests, simply powering the next generation of travel.”

The rollout of Travelport+ has already begun with a number of agency and supplier partners taking part in the initial upgrade. Travelport+ will continue to be gradually rolled out globally, managed by a specialized customer support team.

More information can be found at https://www.travelport.com/plus?utm_campaign=Travelport%20Plus&utm_source=PR&utm_medium=PRNewswire

About Travelport

Travelport is a worldwide travel retail platform. Our next-generation marketplace connects buyers and sellers that share our passion for delivering exceptional travel experiences. Unconflicted and independent, we are reinventing a simpler future for travel’s complex ecosystem. We are a truly global company, operating in over 180 countries. Our headquarters are in London, United Kingdom.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/travelport-a-next-generation-platform-for-a-new-era-of-travel-301263669.html

SOURCE Travelport International Operations Limited

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Intrum Germany Adopts FICO Customer Communications Solution

PR Newswire

BENSHEIM, Germany, April 7, 2021 /PRNewswire/ — COVID-19 is wreaking havoc on consumers’ finances and with jobs losses mounting, many consumers are facing debt struggles.  Intrum – one of Germany’s most ethical debt purchase and collection companies – has turned to global software and analytics provider FICO to bring its customer communications to the next level.

For more information visit https://www.fico.com/en/products/fico-customer-communication-services

“We are anticipating a significant increase of consumers struggling to clear their debts,” said Florian Wöretshofer, managing director and CEO at Intrum Germany. “Through the digitalisation of customer communication it is possible to reach each customer through the medium they are the most comfortable with and responsive to – be that app, email, SMS, or phone. FICO was an ideal fit as by combining automation with analytics we can free up our staff to personally handle the more complex customer needs.”

FICO® Customer Communication Services connect with customers in the right manner throughout the customer credit lifecycle. 

“Intrum is always striving to improve for their customers,” said Jens Dauner, who manages FICO’s operations in the DACH region and Central and Eastern Europe.  “Their customer feedback is tremendous. We are working with them to build an even more responsive system that will help scale up to the volume of consumer debt that is coming without compromising any aspect of the customer journey.”

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 120 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at https://www.fico.com

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

About Intrum

Intrum is Europe’s undisputed market leading credit management services company, with a complete range of credit management and financial services with a strong base in collection operations.

We have more than 10,000 experienced employees across 24 countries in Europe plus Latin America (Brazil). Our headquarters is located in Stockholm, Sweden, and we are listed on the Stockholm Stock Exchange. In Germany, more than 500 people are employed at the Heppenheim, Essen, Hamburg, Eberswalde and Kleinmachnow sites.

We help companies prosper by caring for their customers. Every year we support 80,000 companies in a variety of industries who have difficulties getting paid for goods and services that they have sold. Through Intrum’s wide range of credit management services, we help companies of all sizes to improve their cash flow and increase liquidity.

Every day we are in contact with 250,000 people in debt. Through our ethical approach, we listen, respect and strive to understand each individual situation. Guided by our values, we help our customers solve their debt and come back in control over their financial situation.

This is how we lead the way to a sound economy for companies, individuals and society as a whole.

www.intrum.de

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/intrum-germany-adopts-fico-customer-communications-solution-301263739.html

SOURCE FICO

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Nokia’s sustainability report highlights 1.5 degree climate commitment and 6.6 billion subscriptions

Press Release

Nokia’s sustainability report highlights 1.5 degree climate commitment and 6.6 billion subscriptions

  • Nokia’s People and Planet 2020 report charts an extraordinary year for sustainability
  • Commitment to cut emissions by 50 percent between 2019 and 2030
  • 6.6 billion subscriptions globally rely on Nokia radio
  • Communities in 48 countries supported through Nokia’s Coronavirus Global Donation Fund

          

7 April 2021

Espoo, Finland – Nokia has released its annual sustainability report, People and Planet 2020, revealing it has exceeded its target to enable 6.5 billion subscriptions two years ahead of schedule.  

The report presents Nokia’s position, achievements and requirements in sustainable development and corporate responsibility and is prepared in accordance with the GRI Standards. It is also aligned with other sustainability reporting frameworks, such as SASB and the UN Global Compact. The key sustainability indicators have been assured by Nokia’s independent auditor, Deloitte.

Pekka Lundmark, President and CEO, Nokia
said “Too often, sustainability has been an afterthought, a ‘nice to have’. But for Nokia, sustainable solutions are both a business opportunity and the basis of our decision-making. We believe technology will help solve many of the world’s biggest challenges. The critical importance of connectivity for individuals, businesses and nations was clearly demonstrated in 2020. Our sustainability work focuses on the role of technology in combatting climate change, enabling an inclusive and more equitable society and improving lives.”

The radio networks supplied to Nokia customers supported around 6.6 billion subscriptions worldwide in 2020, ahead of the target of 6.5 billion by 2022, and up by 200 million since the beginning of the year.

Nokia committed to cut emissions by 50 percent between 2019 and 2030 as part of its updated science-based climate targets, in line with a 1.5°C warming scenario. This target covers emissions across its own operations (Scope 1 and 2), and almost 100% of its portfolio, its logistics and electronics manufacturing service suppliers under Scope 3 (the greatest part of the company’s total emissions). To date, the company has delivered Zero Emission products to over 150 customers globally. Customer base station sites modernized by Nokia used on average 54% less energy in 2020 (46% in 2019) than those where customers did not modernize.

To align with the pandemic and restrictions on physical access, Nokia focused on online tools for supplier audits and assessments. It completed over 340 evaluations on EcoVadis, including labor, safety and environmental elements (241 in 2019) and 51 onsite audits (91 in 2019) made of 27 against its full set of supplier requirements and 24 in-depth corporate responsibility audits.

Furthermore, to emphasize its commitment to sustainable development and acting together, Nokia launched a call to action to ensure that a future society with 5G at its heart is built on the principles of equality, trust, sustainability and people-first as part of its Life in 2030 campaign.

Resources

Report                         People and Planet 2020
Press Release             Nokia announces it will halve emissions from 2019 to 2030

About Nokia

We create technology that helps the world act together.

As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

Media Inquiries:

Nokia
Communications
Phone: +358 10 448 4900
Email: [email protected]



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Citi Incorporates ESG Scores into Citi VelocitySM Clarity

Citi Incorporates ESG Scores into Citi VelocitySM Clarity

LONDON–(BUSINESS WIRE)–
Citi has incorporated ESG (environmental, social and governance) scores into its securities services data platform, Citi VelocitySM Clarity, allowing clients to analyze the sustainability exposure of their holdings at the portfolio and security level.

Citi recently announced a major upgrade to its data services platform, Citi Velocity Clarity, including enhancements to the universe of available data, bespoke reporting capabilities and API functionality.

“The ability to understand ESG exposure has become imperative across the entire industry as investors, advisors and regulators are increasingly asking for transparency from asset managers and asset owners,” said Fiona Horsewill, Global Head of Data for Citi Securities Services. “With this latest addition to Citi Velocity Clarity, we offer our clients the ability to understand their ESG exposures inherent within their portfolios and report on their investments from a sustainability perspective.”

Citi has developed new visualization tools to analyze multiple sustainability measures provided on a daily basis by Arabesque S-Ray, a global data provider that uses an algorithmic methodology to measure ESG performance, Citi also recently announced the launch of Citi ESG World Indices, comprised of best-in-class ESG performers across global markets, based on Arabesque’s ratings. Citi plans to work with clients to continue to develop the scope and functionality available through Citi Velocity Clarity, including incorporating additional ESG data from other providers.

“ESG considerations now permeate every part of the capital markets, and Citi is committed to being a leader on this front,” said Elree Winnett Seelig, Global Head of ESG for Markets and Securities Services at Citi. “When we look at all the ways we can facilitate the transparency of ESG factors in the market, providing access to data is a critical foundation.”

With over $24.9 trillion1 of assets under custody and administration and the industry-leading proprietary network spanning over 60 markets, Citi Securities Services provides clients with in‑depth local market expertise, advanced processing technologies and a wide range of custody and fund services that can be tailored to meet clients’ needs.

###

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

1 As of Q4 2020

Rekha Jogia-Soni

Markets & Securities Services

[email protected]

KEYWORDS: United Kingdom Europe

INDUSTRY KEYWORDS: Professional Services Data Management Security Technology Finance Software

MEDIA:

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Beyond Meat® Opens World-Class Plant-Based Meat Manufacturing Facility in China to Accelerate Localized Production and Innovation

Beyond Meat becomes the first multinational company focused solely on plant-based meat production to open its own production facility in China

SHANGHAI, China, April 07, 2021 (GLOBE NEWSWIRE) — Beyond Meat, Inc. (NASDAQ: BYND), a global plant-based protein company, today announced the grand opening of its new state-of-the-art manufacturing facility in the Jiaxing Economic & Technological Development Zone (JXEDZ) near Shanghai. As Beyond Meat’s first end-to-end manufacturing facility outside the U.S., the cutting-edge plant in Jiaxing is expected to significantly increase the speed and scale in which the company can produce and distribute its products within the region while also improving Beyond Meat’s cost structure and sustainability of operations.

Designed to serve China’s growing plant-based meat market, the facility will produce Beyond Meat’s innovative range of plant-based pork, beef and poultry products, including Beyond Pork™, the company’s first innovation created specifically for the Chinese market. By producing closer to the consumer and leveraging local supply chains, Beyond Meat is investing in the growth of the plant-based meat category in China and the facility underscores the company’s commitment to China as a region for long-term growth. In addition to scaled production to support the company’s expanding retail and foodservice business within China, the facility will also feature R&D capabilities to create unique product offerings and support Beyond Meat’s local strategic partners.

“The opening of our dedicated plant-based meat facility in China marks a significant milestone in Beyond Meat’s ability to effectively compete in one of the world’s largest meat markets. We are committed to investing in China as a region for long-term growth, and we believe this new manufacturing facility will be instrumental in advancing our pricing and sustainability metrics as we seek to provide Chinese consumers with delicious plant-based proteins that are good for both people and planet,” said Ethan Brown, CEO and Founder of Beyond Meat.

The announcement comes just one year after the company first entered mainland China through a nationwide partnership with Starbucks China. Within its first year in the market, Beyond Meat has expanded menu offerings at Starbucks China and has partnered with well-known foodservice and retail brands including KFC, Pizza Hut, Jindingxuan, GangLi Beijing, Slow Boat Brewery, Hema, METRO China and more. The facility is intended to pave the way for Beyond Meat to efficiently scale-up to meet future needs and demand.

“The plant-based meat market in China continues to expand and Beyond Meat has been enthusiastically met by local consumers who are looking to live a healthy and sustainable lifestyle. The opening of the new Jiaxing plant is expected to enable us to quicken the pace of innovation and roll out our products at the speed and scale needed to remain highly competitive within the region,” said Candy Chan, General Manager for Beyond Meat in China.

Beyond Meat’s strict ingredient guardrails and commitment to making products utilizing simple, plant-based ingredients without GMOs has enabled the brand to expand product distribution throughout China and around the globe with ease and speed. In addition to the opening of the new manufacturing facility in the JXEDZ region, Beyond Meat will also be opening its first owned manufacturing facility in Europe this year in an effort to make plant-based meat more accessible to all.

U.S. Media contact:

Shira Zackai
[email protected]

China Media contact:

[email protected] 

About Beyond Meat

Beyond Meat, Inc. (NASDAQ: BYND) is one of the fastest growing food companies in the United States, offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, bioengineered ingredients, hormones, antibiotics, or cholesterol. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat’s brand commitment, Eat What You Love™, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based meat, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. As of December 31, 2020, Beyond Meat had products available at approximately 122,000 retail and foodservice outlets in over 80 countries worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram and Twitter and @BeyondMeatOfficial on TikTok.

Beyond Meat Forward Looking Statements

Certain statements in this release constitute “forward-looking statements.” These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. While Beyond Meat believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect actual results. There are many risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein including, most prominently, the risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 1, 2021 as well as other factors described from time to time in Beyond Meat’s filings with the SEC. Such forward-looking statements are made only as of the date of this release. Beyond Meat undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements.

 



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Biofidelity granted key patent in US for breakthrough cancer diagnostic technology

Patent supports the unique potential of Biofidelity’s technology to deliver ultra-sensitive detection of guideline-recommended tumor markers

CAMBRIDGE, United Kingdom, April 07, 2021 (GLOBE NEWSWIRE) — Biofidelity Ltd, the cancer diagnostics company, today announced that it has been granted a key patent in the US protecting its underlying technology.  The grant of US patent US20200354786 has confirmed the novelty and inventiveness of its technology, which is designed to break down barriers to better screening, monitoring and treatment of cancer through ultra-sensitive detection of the key tumor markers recommended in treatment guidelines.

It combines fast, easy-to-interpret results with affordability, enabling oncologists to make precise decisions earlier, monitor resistance and track disease recurrence. Biofidelity expects to launch its first product, Identi-Lung, for the detection of non-small cell lung cancer, later this year.

Dr. Barnaby Balmforth, Chief Executive Officer of Biofidelity, commented: “The grant of this key patent in the US is another important step forward in our goal of transforming diagnosis to make sure every cancer patient receives the right drug at the right time. We are working hard to build a comprehensive portfolio of IP protecting our technology, applications and products to enable any lab to offer high quality precision cancer diagnostics.”

About Biofidelity

Biofidelity, a private company founded in 2019 in Cambridge, UK, is revolutionizing access to best-in-class cancer diagnostics, breaking down the barriers to better screening, monitoring and treatment for all cancer patients.  Its disruptive diagnostic technology platform will provide oncologists with clinically actionable data based on ultra-sensitive detection of markers recommended in cancer treatment guidelines, enabling them to prescribe the right cancer drug at the right time.  It is designed to combine fast and easy-to-interpret results with affordability and straightforward adoption on existing laboratory infrastructure, enabling many more laboratories to offer high quality cancer diagnostics. Biofidelity is initially focusing on diagnosis of non-small cell lung and colorectal cancer, with potential in a broad range of cancers and medium- to long-term applications in the detection of resistance to therapy and disease recurrence.

For more information, please go to  www.biofidelity.com

For enquiries, please contact:

Biofidelity
Dr Barnaby Balmforth, CEO
T: +44 1223 358652
E: [email protected]		 Mo PR Advisory
Mo Noonan/ Jonathan Birt
Tel: +44 (0) 7876 444977 / (0) 7860 361746



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UMC Reports Sales for March 2021

UMC Reports Sales for March 2021

TAIPEI, Taiwan–(BUSINESS WIRE)–
United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of March 2021.

Revenues for March 2021

Period

2021

2020

Y/Y Change

Y/Y (%)

March

16,619,555

14,570,408

+2,049,147

+14.06%

Jan.-Mar.

47,097,012

42,267,847

+4,829,165

+11.43%

(*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages

(**) All figures are consolidated

Additional information about UMC is available on the web at https://www.umc.com.

Michael Lin / David Wong

UMC, Investor Relations

Tel: + 886-2-2658-9168, ext. 16900

Email: [email protected]

[email protected]

KEYWORDS: Taiwan Asia Pacific

INDUSTRY KEYWORDS: Semiconductor Electronic Design Automation Mobile/Wireless Technology Telecommunications

MEDIA:

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Chevron and Hokkaido Gas Co., Ltd. Sign LNG Agreement

Chevron and Hokkaido Gas Co., Ltd. Sign LNG Agreement

New agreement to bring LNG direct to growth area in strategic market

SAN RAMON, Calif.–(BUSINESS WIRE)–
Chevron Corporation (NYSE: CVX) today announced its wholly-owned subsidiary Chevron U.S.A. Inc. (Singapore Branch) (“CUSA”) has signed a binding Sale and Purchase Agreement (SPA) with Hokkaido Gas Co., Ltd. for the delivery of liquefied natural gas (LNG) from Chevron’s global LNG portfolio to the Hokkaido area.

Under the agreement, CUSA will supply Hokkaido Gas with about a half million tons of LNG over a period of five years starting April 2022.

“We are delighted to design and execute a Sales and Purchase Agreement (SPA) with our new partner Hokkaido Gas that will bring Chevron LNG directly to Hokkaido, a key growth area. It broadens our customer base in Japan, a market that is foundational to our LNG business. This new SPA represents Chevron’s commitment to collaborate with Hokkaido Gas in diversifying energy solutions and advancing a lower carbon future in the Hokkaido area,” said John Kuehn, President of Chevron Global Gas, a division of CUSA.

Hokkaido Gas is an integrated energy company located in Sapporo, Japan which provides city gas, electricity and other high value-added energy services in Hokkaido region.

Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, California. More information about Chevron is available at www.chevron.com.

Cam Van Ast — +61 8 9216 4462

KEYWORDS: California United States Japan North America Asia Pacific

INDUSTRY KEYWORDS: Alternative Energy Energy Oil/Gas

MEDIA:

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Shanghai Electric Releases 2020 Annual Results and Paves the Way for a Carbon-Neutral Future

PR Newswire

SHENZHEN, China, April 7, 2021 /PRNewswire/ — Shanghai Electric (the “Company”) (SEHK: 02727, SSE: 601727), the world’s leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has released its audited results for the fiscal year ended 31 December 2020.

In 2020, the Company achieved total revenue of RMB 137.285 billion, a year-on-year increase of 7.67%, and the net profit attributable to owners of the Company increased 7.34% year-on-year to RMB 3.758 billion. New orders grew to RMB 185.55 billion and orders on hand rose to RMB 276.09 billion, a year-on-year increase of 8.7% and 14.7% respectively. The Company proposed to pay a final dividends of RMB 0.7178 for every ten shares.

Despite the challenges brought about by the COVID-19 pandemic, Shanghai Electric achieved excellent results by reducing the impact across various business segments. The Energy Equipment Business Segment has maintained steady performance and achieved revenue of RMB 55.96 billion — a 21.8% increase year-on-year that was mainly attributed to the rapid growth of wind turbines and components business. The Company also grew revenue from its Integrated Services Business Segment, which encompasses Energy Engineering and Services, Environmental Engineering and Services, Automation Engineering and Services, the Industrial Internet service, Financial Services, International Trade Services and more. This segment rose 17.9% year-on-year to RMB 52.232 billion, with the uptick driven by accelerated growth in Energy Engineering and Services.

At the same time, Shanghai Electric has made significant strides in the reform of institutional mechanisms, integrated development of technologies, investment in scientific research and innovation, the development of smart solutions, and the construction of its Industrial Internet SEunicloud Platform — making steady progress on the road to become a world-class enterprise.

In 2020, the Company successfully obtained approval from the Listing Committee of Shanghai Stock Exchange for listing its subsidiary, Shanghai Electric Wind Power Group Co., Ltd. (“SEWP”), on the Science and Technology Innovation Board, and completed the mixed-ownership reform of Shanghai Renmin Electrical Apparatus Works (SREAW) and Shanghai Centrifuge Institute Co., Ltd. Furthermore, in order to drive the consumption of new energies and achieve green and sustainable development, Shanghai Electric proactively promoted energy transformation and its comprehensive energy services comprising “wind, solar, hydro, thermal and storage integration” and “source, grid, load and energy storage integration”. The Company also increased investment in R&D and successfully launched the world’s first black start wind turbine project with a capacity of over 5MW — establishing the complete technological capabilities for a smart energy solution.

Committed to cultivating renewable energy and energy storage, Shanghai Electric officially launched multiple smart solutions throughout 2020. Last year, the Company put its Shanghai Electric Guoxuan Nantong lithium battery industrial base into operation, as well as its integrated wind-solar Smart Energy project in Shanghai’s Minhang Industrial Zone, and Shanghai Electric Golmud Meiman Minhang energy storage power station in Golmud City, Qinghai Province.

Shanghai Electric added nearly 30,000 new devices to its “SEunicloud” industrial internet platform in the 2020 fiscal year, with assets value totalling RMB 24.7 billion. The Company also developed and integrated 15 industry applications, ranging from equipment networking and fault diagnosis to energy planning. At the same time, Shanghai Electric developed eight preliminary industry solutions, which include wind power smart operation and maintenance, thermal power remote operation and maintenance, machine tool operation and maintenance, energy storage battery and distributed energy.

Looking ahead, Shanghai Electric will continue to implement its “three steps forward” development philosophy with an orientation towards strategy, problem-solving and results. The Company will continue to develop its comprehensive smart energy services, in a bid to accelerate the industry towards a digitalized, connected and intelligent future.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/shanghai-electric-releases-2020-annual-results-and-paves-the-way-for-a-carbon-neutral-future-301263847.html

SOURCE Shanghai Electric

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Nokia and Lenovo conclude patent cross-licensing agreement

Press Release

Nokia and Lenovo conclude patent cross-licensing agreement

7 April 2021

Espoo, Finland – Nokia and Lenovo conclude patent cross-licensing agreement.

Nokia announced today that it has concluded a multi-year, multi-technology patent cross-license agreement with Lenovo. Under the agreement, Lenovo will make a net balancing payment to Nokia. The terms of the agreement remain confidential. The agreement resolves all pending patent litigation and other proceedings between the two parties, in all jurisdictions.

Jenni Lukander, President of Nokia Technologies, said: “We are delighted to have reached an agreement with Lenovo. The agreement reflects Nokia’s decades-long investments in R&D and contributions to cellular and multimedia standards. We appreciate, and very much respect, the constructive spirit Lenovo brought to our negotiations and look forward to working together to bring further innovation to their users around the world.”

John Mulgrew, Chief Intellectual Property Officer of Lenovo, commented: 

“Our agreement with Nokia reflects the value of both Nokia’s technology leadership and Lenovo’s continued investment in 5G innovation.  The global accord struck will enable future collaboration between our companies for the benefit of customers worldwide.”

Nokia’s industry-leading patent portfolio is built on more than €129 billion invested in R&D over the past two decades and is composed of around 20,000 patent families, including over 3,500 patent families declared essential to 5G.

In addition to its leadership in cellular standards, Nokia has also contributed significantly to multimedia and video research and the development of industry standards over the course of more than 30 years.

Nokia contributes these and other inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Companies can license and use these technologies without the need to make their own substantial investments in R&D.

Additional resources

·Webpage:  Licensing https://www.nokia.com/licensing/

About Nokia

We create technology that helps the world act together. As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 63,000 employees and operating in 180 markets around the world.  Lenovo’s nearly 10,000 R&D employees have generated over 20,000 patents across a wide range of technologies, including computing, telecommunications, and artificial intelligence.  Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that create a more inclusive, trustworthy and sustainable digital society. By designing, engineering and building the world’s most complete portfolio of smart devices and infrastructure, we are also leading an Intelligent Transformation – to create better experiences and opportunities for millions of customers around the world.  To find out more visit https://www.lenovo.com, follow us on LinkedIn, Facebook, Twitter, YouTube, Instagram, Weibo and read about the latest news via our StoryHub.

Media Inquiries:

Nokia
Communications
Phone: +358 10 448 4900
Email: [email protected]

Lenovo
Phone : +44 7825 605720
Email : [email protected]