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Advantest to Participate in the First Virtual SEMICON Japan Exhibition on December 14-17

Test Industry Market Leader Will Feature End-to-End Solutions Including the New V93000 Exa Scale™ SoC Test System in its Virtual Booth

TOKYO, Dec. 10, 2020 (GLOBE NEWSWIRE) — Leading semiconductor test equipment supplier Advantest Corporation (TSE: 6857) will showcase more than a dozen of its latest test solutions and products at the first-ever virtual SEMICON Japan on December 14-17, 2020 local time. 

Advantest is once again a gold-level sponsor of SEMICON Japan. In addition, Advantest will sponsor the SMART Mobility and SMART Workforce programs, as well as Mirai College, a student outreach event. Koichi Tsukui, managing executive officer, Advantest Corporation, will give opening remarks at SMART Mobility 2, featuring executive speakers from Bosch and MIRISE Technologies discussing the evolution of autonomous driving and semiconductor technologies.

Virtual Exhibition

In its virtual booth, Advantest will demonstrate how it is adding customer value in an evolving semiconductor value chain by featuring a wide variety of test solutions and services:

  • NEW: V93000 EXA Scale™ SoC test system, capable of testing digital ICs up to the exascale performance class
  • NEW: three modules to enhance the T2000 platform capability ‒ the 4.8GICAP CMOS image capture module, the 500MDM digital module, and the DPS32A power supply module
  • NEW: Advantest Cloud Solutions™, the state-of-the-art, cloud-based ecosystem enabling users to manage test and equipment data, and providing easy access to online training and service tools
  • NEW: H5620 high-productivity memory tester that integrates burn-in and memory-cell test functions in one system
  • MPT3000 series test system that tests all SSDs
  • T5503HS2 test system for ultra-high-speed memory ICs including next-generation LP-DDR5 and DDR5 devices

  • B67
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     product family of burn-in memory testers
  • Remotely operable test handlers, enabling device and data handling from engineering labs to production test floors
  • Software tools and services to improve overall test floor efficiency and automate test cells, including Advantest CONNECT+ that provides fast and hassle-free online support

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    , a high-end MVM-SEM® for measuring next-generation photomasks

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     covering refurbished equipment and leasing.

Technical Presentation

In addition to the virtual exhibit, Markus Knoch, director of product marketing, Advantest Europe GmbH, will present “Testing in the AgeofExascaleComputing” at 10:30-11:00 a.m. Japan time on December 17, during the SEMI Business Solution program. In this session, Knoch will discuss the various challenges for testing future high-performance computation devices and describe opportunities where ATE helps to improve the entire workflow from design to high-volume manufacturing.

Social Media

For the latest updates, check out the Advantest Facebook and LinkedIn page or follow @Advantest_ATE on Twitter for live tweets during events.

About Advantest Corporation

Advantest (TSE: 6857) is the leading manufacturer of automatic test and measurement equipment used in the design and production of semiconductors for applications including 5G communications, the Internet of Things (IoT), autonomous vehicles, artificial intelligence (AI), machine learning, smart medical devices and more. Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world. The company also conducts R&D to address emerging testing challenges and applications, produces multi-vision metrology scanning electron microscopes essential to photomask manufacturing, and offers groundbreaking 3D imaging and analysis tools. Founded in Tokyo in 1954, Advantest is a global company with facilities around the world and an international commitment to sustainable practices and social responsibility. More information is available at www.advantest.com.

ADVANTEST CORPORATION
3061 Zanker Road
San Jose, CA 95134, USA
Judy Davies
[email protected] 



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Advantest Debuts Two New Advantest Cloud Solutions to Boost Production Efficiencies for New IC Designs

New Offerings Represent the Global Semiconductor Industry’s First Integrated Cloud-Based Software Solutions Portfolio

TOKYO, Dec. 10, 2020 (GLOBE NEWSWIRE) — Leading semiconductor test equipment supplier Advantest Corporation (TSE: 6857), working with its partner PDF Solutions Inc. (Nasdaq: PDFS), has introduced two new innovative cloud-based software solutions: the Advantest V93000 Dynamic Parametric Test (DPT) system powered by PDF Exensio® DPT, and an edge high performance compute (HPC) system. These solutions are part of the newly introduced Advantest Cloud Solutions™ (ACS), an ecosystem of cloud-based products and services. At the core of this ecosystem is the data- and analytics-focused platform, Advantest Cloud powered by PDF Exensio, which Advantest is co-developing with PDF Solutions. 

Leveraging the core technology developed by PDF Solutions, the data generated from customer workflows is used to provide feedback on processes from semiconductor design validation to manufacturing, chip test, and system-level test. Customers can get more value out of their supply chain, their equipment, and their test data, to achieve faster time-to-yield with higher overall equipment efficiency by using advanced algorithms, integrated workflows, and methodologies delivered through Advantest Cloud Solutions.

Advances in semiconductor technology such as advanced process nodes, electrical scaling, 2.5D, and 3D packaging, and a new focus on systems present unique challenges that can only be solved through comprehensive software-guided solutions. Integrating traditional data silos throughout the semiconductor value chain can significantly improve product quality, manufacturing yield, and cost efficiencies.

The Advantest V93000 Dynamic Parametric Test system powered by PDF Exensio® DPT, jointly developed by Advantest and PDF Solutions, adds rule-based, intelligent test flow adaptation to the V93000 SMU8 parametric test platform. With this technology, test flows are automatically optimized on-the-fly within milli-seconds to increase die test coverage, improve the characterization of aberrant measurements, correct equipment issues, and streamline the collection of additional data to support root-cause identification and down-stream analytics.

The new ACS edge HPC product can run complex test workloads with millisecond latencies and is available for early adopters. With pre-configured containers for machine learning (ML), demodulation, or other high-performance workloads, the system makes it easy to implement ML in semiconductor test. Besides allowing users to track, manage, and secure all containers from the cloud, it also provides on-demand access to previous insertion data through application programming interfaces (APIs) with built-in forward and backward data feeds. Customers can deploy machine learning models and algorithms in production, perform in-situ test flow optimizations, and remotely manage highly sensitive IP with maximum security.

“Just as we deliver value to our customers by offering the most advanced test technologies, Advantest is continually working to pioneer new business practices and expand our product portfolio with fast-response, cost-saving services from the cloud,” said Doug Lefever, president and CEO of Advantest America Inc. “We view such innovations as part of our Grand Design objective to add value throughout the entire semiconductor value chain.”

These ACS products and other services are now available.

About PDF Solutions

As a leader in advanced data analytics, machine learning, and equipment connectivity, PDF Solutions provides a comprehensive end-to-end platform for smart manufacturing connectivity, data collection and management, and machine-learning analytics for the semiconductor and electronics ecosystem, enabling companies to improve yield, quality, and reliability across the entire product lifecycle. Organizations of all sizes around the world rely on the Exensio® and Cimetrix® platforms to connect, collect, monitor and analyze data at any scale to drive efficient and profitable high-volume manufacturing. Headquartered in Santa Clara, California, PDF Solutions also operates worldwide in Canada, China, France, Germany, Italy, Japan, Korea, Singapore and Taiwan. For the Company’s latest news and information, visit http://www.pdf.com

PDF Solutions and Exensio are trademarks or registered trademarks of PDF Solutions, Inc. and/or its subsidiaries in the U.S. and other countries.

About Advantest Corporation
Advantest (TSE: 6857) is the leading manufacturer of automatic test and measurement equipment used in the design and production of semiconductors for applications including 5G communications, the Internet of Things (IoT), autonomous vehicles, artificial intelligence (AI), machine learning, smart medical devices and more. Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world. The company also conducts R&D to address emerging testing challenges, produces multi-vision metrology scanning electron microscopes essential to photomask manufacturing, and offers groundbreaking 3D imaging and analysis tools. Founded in Tokyo in 1954, Advantest is a global company with facilities around the world and an international commitment to sustainable practices and social responsibility. More information is available at www.advantest.com.

ADVANTEST CORPORATION
3061 Zanker Road
San Jose, CA 95134, USA
Tish Kelly-Mick
[email protected]



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First LNG Futures Contract Traded Against the S&P Global Platts West India Marker

– The deal paves the way for hedging based on the supply and demand dynamics of the Indian and Middle East Markets

– Glencore and Total are the counterparties in a trade arranged by Tullett Prebon

PR Newswire

SINGAPORE, Dec. 10, 2020 /PRNewswire/ — S&P Global Platts (“Platts”), the leading independent provider of information and benchmark prices for the commodities and energy markets, announced today that its West India Marker (WIM) price assessment has been used as the settlement price for the first ever futures contract trade reported for LNG sold into the Indian market. The financially settled derivative contract was traded between Glencore and Total and brokered by Tullett Prebon.


Dominic Gallagher, Head of LNG Broking, Tullett Prebon, said: “We are proud to be involved in the first WIM futures contract trade, which has been settled against the Platts price. As the LNG market continues towards commoditisation, products such as the WIM futures contract should aid in the provision of transparency, tradability and price discovery. Tullett Prebon continues to invest in the developing global gas market, where we see significant growth opportunities, and this product forms part of the LNG market’s evolution.”

The derivatives trade is dollar-denominated and will be financially settled against the February average of S&P Global Platts’ WIM LNG price assessment for spot physical cargoes of LNG delivered ex-ship (DES) into ports in India and the Middle East region. The trade was executed as a spread against the futures contract that financially settles against the Platts JKM price assessment; the predominant LNG benchmark derivative product. Platts WIM reflects cargoes of 1,000-1,150 Btu/scf calorific value, of 3.2 million MMBtu volume, of vessel size range of 135,000-175,000m3 for delivery into India, Dubai and Kuwait.

The fast commoditization of LNG has resulted in the establishment of LNG benchmarks across different regions. The rapid development of WIM reflects a significant growth in transparency, standardization and liquidity of the LNG cargo trade in the Middle East and India region. LNG is forecast to become a key component of India’s gas consumption as the government increases its share of the energy mix. The Platts WIM provides the link between the global LNG market and the value of gas further downstream in India, as well as the anchor for the trading of spot LNG cargoes in South and West Asia.


Vera Blei, Head of Oil and LNG Market Pricing, S&P Global Platts, said: “This deal is a significant step towards the emergence of a new regional derivatives market for LNG delivered into the India and Middle East region. In spite of its size, this major trading region does not have a dedicated derivatives market reflecting its own supply and demand dynamics meaning physical market participants wishing to hedge can be exposed to significant basis risk.”

S&P Global Platts does not sponsor, endorse, promote or sell third party contracts or financial products.

Media Contacts:

Americas: Kathleen Tanzy + 1  917-331-4607, [email protected]

About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We’re the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil, gas, LNG, power, petrochemicals, metals, agriculture and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.

About Glencore
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. The Group’s operations comprise around 150 mining and metallurgical sites and oil production assets.

With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore’s industrial activities are supported by its global marketing network.

Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore’s companies employ around 160,000 people, including contractors.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.

About Total
Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

About TP ICAP
TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy and commodities markets. Operating through our core businesses, Tullett Prebon, ICAP, PVM, Coex Partners, Tullett Prebon Information, ICAP Information Services and PVM Data Services, we create strong networks in person and through technology. We provide comprehensive analysis and insight into market conditions and long-term trends. We combine data, knowledge and intelligence into contextual insight and commercial guidance. By engaging with our clients, and providing innovative products and services, we enable our clients to transact with confidence, facilitating the flow of capital and commodities around the world, enhancing investment and contributing to economic growth. Our values of honesty, integrity, respect and excellence underpin everything we do.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/first-lng-futures-contract-traded-against-the-sp-global-platts-west-india-marker-301190105.html

SOURCE S&P Global Platts

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Grain Connect Teams with DZS to Expand Gigabit-Speed Fiber Network Throughout U.K.

Broadband leader chooses future-proof, ultra-reliable point-to-point fiber access technology to bring cutting-edge symmetrical services experience to new and existing communities

PLANO, Texas, Dec. 10, 2020 (GLOBE NEWSWIRE) — DZS (NASDAQ: DZSI), a broadband access innovator and global market leader spanning fixed and mobile edge access and connected premises solutions for service providers and enterprises, today announced that it is helping Grain Connect (Grain) expand its hyper-fast nationwide fiber broadband network—one of the fastest and most advanced in the UK. By leveraging a point-to-point Ethernet architecture, Grain not only delivers speeds up to 25 times faster than the average of U.K. broadband downstream and upstream data rates, but increasingly valued symmetrical services with no drop in performance at peak times.

“As we look to rapidly grow our network, DZS fiber access technology has offered our residential customers superior density and exceptional reliability, which means less downtime and lower maintenance costs,” said Rich Robinson, managing director at Grain. “Whether we are going into new or existing communities, we have been able to quickly and cost effectively deliver ‘true fiber’ and symmetrical gigabit broadband – ensuring high customer satisfaction. This is even more important during the pandemic as households demand even higher levels of performance and reliability in the face of unprecedented network traffic volume driven by consumers who now work, attend school, play games and watch movies simultaneously from home.”

As one of the global leaders in both PON and point-to-point Ethernet fiber access technologies, DZS fiber expertise provides advantage and extraordinary flexibility for service providers. In the case of Grain, the growing operator is leveraging point-to-point symmetrical services as a differentiator, as well as utilizing a variety of DZS active Ethernet systems that can support from 24 to over 500 gigabit-capable subscribers on a single system. Featuring the U.K.’s premier symmetrical service with superfast “ping” times for gamers, Grain brings its hyperfast service bundles to underserved communities, new housing developments, buildings, and individual homes throughout the country. With only 15% of the U.K. able to benefit from direct fiber connectivity today, Grain is just beginning to tap the region’s potential market opportunity.

“Grain Connect is proving to be one of the most promising alternative providers in the U.K. market – building symmetrical fiber broadband networks across the country and emerging as a technology leader,” said Charlie Vogt, President and CEO at DZS. “Today, they are distinguishing themselves as symmetrical gigabit service leaders, but they also see symmetrical 10 gigabit services clearly on the horizon and stand ready to make the shift as the market demands. We congratulate Grain on their success to date, and look forward helping them continue to innovative point-to-point fiber network, which is yielding best-in-market speed tests and supporting an enviable nationwide growth trajectory.”

DZS has long been a champion of agile and innovative service providers around the world, striving to be at the forefront of technology innovation and aggressive growth and offering high-capacity, high performance and operationally efficient fiber access systems. For more information regarding DZS and its fiber access solutions, visit https://dzsi.com/fttx/.

About DZS

DZS Inc. (NSDQ: DZSI) is a broadband access innovator and global market leader spanning fixed and mobile edge access and connected premises solutions for service providers and enterprises. A pioneer in broadband access and mobile AnyHaul platforms with over 20 million products shipped, service providers and enterprises look to DZS for the innovation that leads to future-proof networks and outstanding performance. Over 1,000 service providers, operators, and enterprises in over 100 countries have leveraged DZS innovation, open solutions, and agility to arm them with the network resources and deployment freedom they need to lead in their markets and deliver an unrivaled communications experience. With manufacturing, engineering, service and support centers of excellence spread across the globe, DZS is positioned to bring next-generation technologies and world-class solutions to service providers and enterprises who are poised to transform, compete and win.

DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change.

This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Company’s management as of the date hereof. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results could differ materially and adversely from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risk factors contained in the Company’s SEC filings available at www.sec.gov, including without limitation, the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and subsequent filings. In addition, additional or unforeseen affects from the COVID-19 pandemic and the global economic climate may give rise to or amplify many of these risks. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. DZS undertakes no obligation to update or revise any forward-looking statements for any reason.

For further information see: www.DZSi.com.
DZS on Twitter: https://twitter.com/dzs_innovation
DZS on LinkedIn: https://www.linkedin.com/company/DZSi/

About Grain Connect

Grain is a Gigabit full fibre broadband provider, delivering Hyperfast speed, reliable and consistent connections to new residential developments and existing residential properties across the U.K. We use the latest broadband technology to design, build, install and operate a brand new, true fibre network in each community. For more information, get in touch on [email protected] or visit our website, www.grainconnect.com.

Press Inquiries:

McKenzie Hurst, Thatcher+Co.
Mobile: +1 408.888.6787
Email: [email protected]



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ReCor Medical Announces Positive Results in RADIANCE-HTN TRIO Study and Breakthrough Device Designation for Paradise™ Ultrasound Renal Denervation System

PR Newswire

PALO ALTO, Calif., Dec. 10, 2020 /PRNewswire/ — ReCor Medical, Inc. (“ReCor”), a wholly-owned subsidiary of Otsuka Medical Devices, announced today that its Paradise™ Ultrasound Renal Denervation System (the “Paradise System”) demonstrated positive results in the RADIANCE-HTN TRIO (“TRIO”) study, and, separately, has received Breakthrough Device Designation from the U.S. Food and Drug Administration (FDA) for the treatment of patients with uncontrolled hypertension who are inadequately responsive to anti-hypertensive medications.

The RADIANCE-HTN TRIO trial evaluated the efficacy and safety of the Paradise System – a catheter-based system designed to denervate the renal nerves with ultrasound energy – to reduce blood pressure in hypertensive patients (n=136) wherein all subjects were placed on a single-pill combination-drug containing 3 anti-hypertension medications (a calcium-channel blocker, an angiotensin II-receptor blocker, and a diuretic).  After confirmation of inadequately controlled hypertension despite these medications, patients were then randomly assigned to Paradise System treatment or a sham (placebo) procedure.

The trial met its primary efficacy endpoint of a greater reduction in daytime blood pressure (Daytime ABPM) between baseline and 2-month follow-up with the Paradise System as compared with the sham procedure.

“ReCor is very pleased with the TRIO outcomes, which demonstrate a clear Paradise treatment effect versus sham,” commented President & CEO, Andrew M. Weiss.  “ReCor believes that TRIO is a unique randomized, sham-controlled study in hypertension given the use of single pill triple medication to set a common baseline medication level in all study subjects, thus helping to establish that the Paradise RDN procedure can provide an additional clinical benefit to patients who are resistant to anti-hypertensive medications.”

“The RADIANCE-HTN TRIO results very nicely complement the previously presented RADIANCE-HTN SOLO trial data, now demonstrating efficacy of renal denervation in a higher-risk cohort of patients with treatment-resistant hypertension,” commented co-principal investigator Ajay J. Kirtane MD, SM, Professor of Medicine at the Columbia University Vagelos College of Physicians and Surgeons.  “On behalf of my co-principal investigator Professor Michel Azizi and the entire steering committee, I would like to thank the study patients, investigators, and coordinators from more than 50 study centers in 7 countries who gave so much of themselves in order to complete this rigorously conducted trial, especially in the throes of a pandemic. We eagerly look forward to fully presenting and publishing the data in the near future.”

Additional, detailed analyses are being prepared for presentation and publication in 2021.

Separately, ReCor received notice from the US FDA that the Paradise System has been granted designation as a Breakthrough Device for the treatment of hypertensive patients who may not be sufficiently responsive, or are intolerant, to anti-hypertensive medical therapy. The FDA Breakthrough Devices Program is intended to help patients receive more timely access to breakthrough medical technologies that have the potential to provide more effective treatment for life-threatening or irreversibly debilitating diseases or conditions. Under the program, the FDA will provide ReCor with priority review and interactive communication during the premarket review process.

“ReCor is pleased that the FDA granted the Breakthrough Designation to the Paradise System,” commented Leslie Coleman, Vice President of Regulatory and Medical Affairs at ReCor. “ReCor believes that Paradise is truly innovative and has the potential to provide an important and innovative therapy option to hypertensive patients worldwide.”

The Paradise System is an investigational device in the United States and has been studied in two FDA IDE clinical trials, RADIANCE-SOLO and RADIANCE-TRIO. ReCor is currently conducting an FDA IDE pivotal study (RADIANCE-II HTN) in patients with uncontrolled hypertension.

Hypertension is one of the leading contributors to disease burden worldwide, leading to increased cardiovascular morbidity and mortality, poorer quality of life, and increased cost burden to health systems.

About ReCor Medical, Inc.

ReCor Medical, headquartered in Palo Alto, CA, is a medical technology company focused on transforming the management of hypertension, the leading cardiovascular risk factor in the world. ReCor has pioneered the minimally invasive use of ultrasound in renal denervation, and developed the Paradise® System, to treat patients with hypertension.  Paradise is an investigational device in the United States. It is approved for sales in the EU and bears a CE mark. The company has completed two ID randomized, controlled studies of Paradise in patients with both moderate hypertension and those resistant to standard medical therapies.  ReCor is currently conducting its FDA IDE pivotal study, RADIANCE-II, pending successful completion will submit for PMA approval.

ReCor Medical is a wholly owned subsidiary of Otsuka Medical Devices Co., Ltd.

http://www.recormedical.com/

About Otsuka Medical Devices Co., Ltd.

Otsuka Medical Devices focuses on the global development and commercialization of endovascular devices that provide new therapeutic options in areas where patient needs cannot be met through pharmaceutical or other conventional treatment. Otsuka Medical Devices Co., Ltd. is a subsidiary of Otsuka Holdings Co., Ltd. (www.otsuka.com/en), a leading global healthcare group listed on the Tokyo Stock Exchange (JP 4578).

https://www.omd.otsuka.com/en/

For more information about ReCor Medical, please visit www.recormedical.com or contact Andrew M. Weiss, President & CEO, ReCor Medical at [email protected] / +1-650-542-7700.

 

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SOURCE ReCor Medical, Inc.

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AWS and Arm Demonstrate Production-Scale Electronic Design Automation in the Cloud

AWS and Arm Demonstrate Production-Scale Electronic Design Automation in the Cloud

By migrating semiconductor design and verification to AWS running on Graviton2-based instances, Arm is reducing cost and scheduling risks for new projects, increasing throughput by up to 10x, and freeing engineers to focus on innovation

SEATTLE–(BUSINESS WIRE)–
Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced that Arm, a global leader in semiconductor design and silicon intellectual property development and licensing, will leverage AWS for its cloud use, including the vast majority of its electronic design automation (EDA) workloads. Arm is migrating EDA workloads to AWS, leveraging AWS Graviton2-based instances (powered by Arm Neoverse cores), and leading the way for transformation of the semiconductor industry, which has traditionally used on-premises data centers for the computationally intensive work of verifying semiconductor designs. To carry out verification more efficiently, Arm uses the cloud to run simulations of real-world compute scenarios, taking advantage of AWS’s virtually unlimited storage and high-performance computing infrastructure to scale the number of simulations it can run in parallel. Since beginning its AWS cloud migration, Arm has realized a 6x improvement in performance time for EDA workflows on AWS. In addition, by running telemetry (the collection and integration of data from remote sources) and analysis on AWS, Arm is generating more powerful engineering, business, and operational insights that help increase workflow efficiency and optimize costs and resources across the company. Arm ultimately plans to reduce its global datacenter footprint by at least 45% and its on-premises compute by 80% as it completes its migration to AWS.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201210005232/en/

Arm is migrating electronic design automation workloads to AWS, leveraging a range of Amazon EC2 instance types, including AWS Graviton2-based instances powered by Arm Neoverse cores. (Photo: Arm)

Arm is migrating electronic design automation workloads to AWS, leveraging a range of Amazon EC2 instance types, including AWS Graviton2-based instances powered by Arm Neoverse cores. (Photo: Arm)

Highly specialized semiconductor devices power the growing capabilities of everything from smartphones, to data center infrastructure, to medical equipment, to self-driving vehicles. Each chip can contain billions of transistors engineered down to the single-digit nanometer level (roughly 100,000x smaller than the width of a human hair) to drive maximum performance in minimal space. EDA is one of the key technologies that make such extreme engineering feasible. EDA workflows are complex and include front-end design, simulation, and verification, as well as increasingly large back-end workloads that include timing and power analysis, design rule checks, and other applications to prepare the chip for production. These highly iterative workflows traditionally take many months or even years to produce a new device, such as a system-on-a-chip, and involve massive compute power. Semiconductor companies that run these workloads on-premises must constantly balance costs, schedules, and data center resources to advance multiple projects at the same time. As a result, they can face shortages of compute power that slow progress or bear the expense of maintaining idle compute capacity.

By migrating its EDA workloads to AWS, Arm overcomes the constraints of traditionally managed EDA workflows and gains elasticity through massively scalable compute power, enabling it to run simulations in parallel, simplify telemetry and analysis, reduce its iteration time for semiconductor designs, and add testing cycles without impacting delivery schedules. Arm leverages Amazon Elastic Compute Cloud (Amazon EC2) to streamline its costs and timelines by optimizing EDA workflows across the wide variety of specialized Amazon EC2 instance types. For example, the company uses AWS Graviton2-based instances to achieve high-performance and scalability, resulting in more cost-effective operations than running hundreds of thousands of on-premises servers. Arm uses AWS Compute Optimizer, a service that uses machine learning to recommend the optimal Amazon EC2 instance types for specific workloads, to help streamline its workflows.

On top of the cost benefits, Arm leverages the high-performance of AWS Graviton2 instances to increase throughput for its engineering workloads, consistently improving throughput per dollar by over 40% compared to previous generation x86 processor-based M5 instances. In addition, Arm uses services from AWS partner Databricks to develop and run machine learning applications in the cloud. Through the Databricks platform running on Amazon EC2, Arm can process data from every step in its engineering workflows to generate actionable insights for the company’s hardware and software groups and achieve measurable improvement in engineering efficiency.

“Through our collaboration with AWS, we’ve focused on improving efficiencies and maximizing throughput to give precious time back to our engineers to focus on innovation,” said Rene Haas, President, IPG, Arm. “Now that we can run on Amazon EC2 using AWS Graviton2 instances with Arm Neoverse-based processors, we’re optimizing engineering workflows, reducing costs, and accelerating project timelines to deliver powerful results to our customers more quickly and cost effectively than ever before.”

“AWS provides truly elastic high performance computing, unmatched network performance, and scalable storage that is required for the next generation of EDA workloads, and this is why we are so excited to collaborate with Arm to power their demanding EDA workloads running our high-performance Arm-based Graviton2 processors,” said Peter DeSantis, Senior Vice President of Global Infrastructure and Customer Support, AWS. “Graviton2 processors can provide up to 40% price performance advantage over current-generation x86-based instances.”

About Amazon Web Services

For 14 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS offers over 175 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 77 Availability Zones (AZs) within 24 geographic regions, with announced plans for 18 more Availability Zones and six more AWS Regions in Australia, India, Indonesia, Japan, Spain, and Switzerland. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

Amazon.com, Inc.

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Arm is migrating electronic design automation workloads to AWS, leveraging a range of Amazon EC2 instance types, including AWS Graviton2-based instances powered by Arm Neoverse cores. (Photo: Arm)
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To Aid Compliance with Nasdaq Listing Requirements, Versus Systems Announces 1-For-16 Reverse Stock Split

LOS ANGELES, Dec. 10, 2020 (GLOBE NEWSWIRE) — To comply with Nasdaq listing requirements, Versus Systems Inc. (“Versus” or the “Company”) (CSE:VS) (OTCQB:VRSSF) (FRANKFURT:BMVA) announced that its board of directors has approved a 1-for-16 reverse split of its common shares (the “Consolidation”), effective as of the close of trading on December 14, 2020.

As a result of the Consolidation, every 16 common shares of the Company will be converted into one common share, reducing the number of issued and outstanding common shares from approximately 166 million to approximately 10.3 million. No fractional common shares will be issued in connection with the Consolidation, and any fractional shares created as a result of the Consolidation will be rounded up to the nearest whole common share. The number of Versus Systems’ authorized common shares and the number of common shares issuable upon vesting or the exercise of equity awards, such as stock options and other derivative securities, along with the corresponding exercise prices thereof, will each be proportionally adjusted.

Versus Systems expects its common shares to commence trading on a split-adjusted basis as of the open of trading on December 15, 2020. Versus Systems’ OTC trading symbol on a post Consolidation basis will be VRSSD.

A letter of transmittal will be sent by mail to shareholders advising them that the Consolidation has taken effect and instructing them to surrender the certificates evidencing their common shares for replacement certificates representing the number of common shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate formerly representing common shares will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the Consolidation.

The Company does not intend to change its name or seek a new stock trading symbol from the CSE in connection with the Consolidation.

The Company’s common shares will trade under a new CUSIP number 92535P808 following the effectiveness of the Consolidation.


About Versus Systems

Versus Systems, Inc. has developed a proprietary in-game prizing and promotions engine that allows publishers, developers, and creators of games, apps, and other interactive media content to offer real world prizes inside their content. Players, viewers and users can choose from among the offered prizes and then complete in-game or in-app challenges to win the prizes.

The Versus platform can be integrated into mobile, console, and PC games, as well as streaming media and mobile apps. Brands pay to place their products in-games and apps and gamers, viewers, and users complete challenges to earn those prizes. Versus has multiple granted patents for how to manage prizing at scale and how to comply with federal, state, and local law with their Dynamic Regulatory Compliance engine. The Versus Systems platform is available now in HP OMEN and HP Pavilion desktop and laptop computers, as well as select mobile games and applications.

For more information, please visit www.versussystems.com or visit the official Versus Systems YouTube channel.

For Versus Systems, contact:

Cody Slach, Sean McGowan
Gateway Investor Relations
949-574-3860
[email protected]
or
[email protected]


Disclaimer for Forward-Looking Information 

This news release contains certain forward-looking information and forward-looking statements within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward looking statements. In this news release,
such statements include, without limitation, statements regarding the potential
uplisting
of our common shares to The Nasdaq
Capital
Marke
and the proposed share
consolidation
t
.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements
including uncertainties related to the potential that we may not be able to list our common
shares
on The Nasdaq
Capital
Market
, or that the proposed share consolidation may not proceed as planned
. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable law. 

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this press release.



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Philip Morris International Recognized Among World’s Top Sustainable Businesses with “Triple A” Score from CDP

 Philip Morris International Recognized Among World’s Top Sustainable Businesses with “Triple A” Score from CDP

 One of 10 Organizations Acknowledged by CDP for Environmental Leadership and Demonstrable Progress on Climate, Forests, and Water in 2020

LAUSANNE, Switzerland–(BUSINESS WIRE)–
Philip Morris International Inc. (PMI) (NYSE: PM) today announced its sustainability efforts have been recognized by two leading environmental organizations: CDP, the international nonprofit whose global disclosure system is used by investors, companies, and municipalities to measure and manage their environmental impacts, and the Science Based Targets initiative (SBTi), which drives ambitious climate action in the private sector by enabling companies to set meaningful emissions reduction targets.

André Calantzopoulos, PMI’s CEO, said, “Strong action must be taken to reduce the risks of climate change impacts and stop the destruction of nature. At PMI, we are investing in innovative programs and taking a multidisciplinary approach to reduce the environmental impact of our products, operations, and value chain.” He continued, “We firmly believe that by integrating sustainability into every aspect of our company, we will have a positive impact on both the long-term resilience of our business and the well-being of society. The validation of our efforts by CDP and SBTi reinforces that we’re on the right path and demonstrates the commitment of our teams and suppliers, who play an essential role in making our sustainability ambitions a reality.”

CDP has recognized PMI as a global environmental leader. Of the more than 5,800 organizations scored, PMI is one of only 10 companies worldwide to receive the “Triple A” score, which acknowledges the company’s best-in-class efforts in tackling climate change, as well as acting to protect forests and water security. This marks the seventh year that PMI has ranked on CDP’s A List for Climate Change. For the previous year, PMI also earned a position on the Water Security A List, and an A- for its forest disclosure. Combined, CDP’s most recent rankings place PMI among the select few to achieve a Triple A score and among the world’s most pioneering companies leading on environmental transparency and performance.

Further, SBTi verified PMI’s emissions reduction targets, confirming that PMI’s environmental efforts are grounded in science and consistent with the reductions required to meet the goals of the Paris Climate Agreement and limit global warming to 1.5 °C. SBTi’s validation emphasizes that PMI’s carbon reduction strategy is aligned with climate science to prevent the most damaging effects of climate change.

Jennifer Motles, Chief Sustainability Officer at PMI, said: “Despite the unprecedented challenges brought on by the global pandemic, we have not deviated from our efforts to be a more sustainable company. I am incredibly proud of our teams and suppliers around the world, whose dedication to combating the risks of climate change has made us one of a handful of companies recognized as a leader on corporate environmental transparency by both CDP and SBTi. These monumental achievements demonstrate not only the seriousness we attribute to ESG-related matters but also the level of expertise, talent, and passion our company is putting toward achieving our long-term targets and ultimately making impactful change happen.”

Earlier this year, PMI released its first-ever Integrated Report highlighting the progress made in 2019 toward a smoke-free future and the company’s performance in environmental, social, and governance (ESG) related areas. The report discloses the broad range of activities PMI is undertaking to achieve carbon neutrality in its direct operations (scopes 1 + 2) by 2030 and across its entire value chain (scopes 1 + 2 + 3) by 2050. In November, the company integrated its sustainability function under the leadership of PMI’s Chief Financial Officer, further reinforcing that PMI’s sustainability strategy is embedded in every aspect of its business.

Water stewardship and sustainable forest management are also a significant part of PMI’s efforts to reduce its environmental footprint. As the company increases its production capacity for smoke-free products, it is evolving its water strategy, with clean technology investments delivering water recycling. These efforts are guided by the Alliance for Water Stewardship standard, through which the company has had six factories certified. To combat deforestation and protect biodiversity, PMI has developed a zero deforestation manifesto and has set a goal to have a net positive impact on forests associated with its tobacco supply chain by 2025. Additionally, as part of PMI’s Good Agricultural Practices program, all tobacco suppliers and contracted farmers are expected to use and manage natural resources sustainably and minimize negative impacts on the environment.

Paul Simpson, CEO of CDP, said: “We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation, and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies that are preparing themselves to excel in the economy of the future by taking action today.”

Since announcing its commitment to a smoke-free future in 2016, PMI has actively focused its resources on developing, scientifically substantiating, and responsibly commercializing smoke-free products that are less harmful than smoking, with the aim of replacing cigarettes with smoke-free alternatives as soon as possible for those adults who would otherwise continue to smoke. The biggest positive impact PMI can have on society is to transform its business, and thus the company places this atop its sustainability priorities. As PMI rapidly progresses toward achieving its vision of a smoke-free future, it continues to enhance its sustainability efforts and embed sustainability into every aspect of its business.

The full list of companies on this year’s CDP A List is available here, along with other publicly available company scores: www.cdp.net/en/companies/companies-scores.

Additional information on PMI’s sustainability activities is available at PMI.com/Sustainability.

Note to editors

Philip Morris International: Delivering a Smoke-Free Future

Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company, and its shareholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, as well as smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the United States. PMI ships a version of its smoke-free devices and consumables authorized by the U.S. Food and Drug Administration to Altria Group, Inc. for sale in the United States under license. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities, and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements. For more information, please visit www.pmi.com and www.pmiscience.com.

About CDP

CDP is a global nonprofit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://www.cdp.net/en or follow us @CDP to find out more.

The full methodology and criteria for the A List is available on CDP’s website at: https://www.cdp.net/en/companies/companies-scores.

Daniella Weinberg

Philip Morris International

T. +1 433 0447

E. [email protected]

KEYWORDS: Europe Switzerland United States North America New York

INDUSTRY KEYWORDS: Tobacco Retail Environment

MEDIA:

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XLMedia Accelerates U.S. Sports Market Presence With CBWG Acquisition

XLMedia Accelerates U.S. Sports Market Presence With CBWG Acquisition

  • Strategic acquisition of professional and college sports, sports gaming and sports betting content provider
  • CBWG founders Kyle Scott and Jason Ziernicki to remain with the business to spearhead future growth
  • CBWG (“CBWG”) is comprised of CB Sports, Warwick Gaming, and its jointly-owned subsidiary CBWG Media Group

LONDON–(BUSINESS WIRE)–
XLMedia (“XLMedia” or the “Group” or the “Company”), a leading global digital performance publisher, today announces a significant step forward in its stated strategy to expand its presence in the high growth U.S. Sports market with the acquisition of sports gaming and sports betting business CBWG.

CBWG is a highly successful digital media publishing group based in the U.S. northeast producing in-depth, quality online content, focused on professional and college sports, sports gaming and sports betting.

“It is great to have acquired such an attractive set of assets during an inflection point for the U.S. Sports betting market,” said Stuart Simms, CEO of XLMedia. “On some estimates, almost 60% of the U.S. population is set to have legal access to Sports betting by the end of 2022 – this could include New York, where one of the key assets, EliteSportsNY.com, is focused.”

CBWG owns and operates the popular sports websites CrossingBroad.com and EliteSportsNY.com, and sports betting and gaming focused sites PASportsbooks.com, BetNewJersey.com, ActionRush.com, and PromoCodeKings.com. In addition to having agreements in place with some of the largest sports betting operators in the U.S., the business also has an agency arm, which partners with leading sports media brands to drive user acquisition in the regulated betting markets of Colorado, Illinois, and Tennessee. It is registered as a sports gaming affiliate in six states, including New Jersey and Pennsylvania.

As part of the deal, founders Kyle Scott and Jason Ziernicki will stay on in newly created roles that will leverage their background expertise and market experience in U.S. Sports. “In order to build upon the positive momentum of CBWG, it is important to retain the team, especially the founders, Kyle and Jason; it is great to be able to depend upon their sports expertise and knowledge. They are also exceptionally keen to play a central role in the next exciting stage of the journey, both for this business and for our broader U.S. operations,” said Simms.

“The strategic vision XLMedia has for the U.S. is a big reason why we decided to join forces with Stuart and his team. By combining our resources, I believe we have a collective vision that will take XLMedia to new heights here in the U.S. underpinned by strong affiliate-based growth to ultimately build a major media brand,” said Ziernicki.

“Our core audience is comprised of sports fans who appreciate honest and authentic voices. With our owned sites and agency partnerships, including brands that have built loyal audiences over a decade, we have trusted voices in local sports markets,” said Scott.

“It’s exciting to be able to establish such a meaningful presence in the U.S. through the CBWG acquisition,” said Ken Dorward, President of North America for XLMedia. “With the U.S. Sports betting market on the rise, leveraging the respective skills sets of our teams with the CBWG portfolio of sites and the XLMedia betting heritage should offer a powerful foundation for growth and scale.”

XLMedia will pay an upfront consideration of USD$12 million in cash, new XLMedia plc shares (representing an aggregate value of USD$3.5 million), as well as potential future contingent consideration of up to an additional USD$9.5 million.

About XLMedia:

XLMedia is a leading global digital performance publisher. Operating globally across a variety of verticals including online gambling, personal finance and sports, the Group has established proprietary tools and methodologies to identify and target high value consumers on behalf of its customers, brands and operators. XLMedia has identified North America as a core target market, where it has already established a solid foothold in Personal Finance, led by content-rich websites which are gaining traction. The Company will seek to further develop its Personal Finance presence and significantly increase its investment in the growing U.S. Sports market through partnerships and acquisitions.

About CBWG Media:

Jointly owned by CB Sports and Warwick Gaming, CBWG Media Group LLC encompasses the largest independently-owned U.S. sports betting affiliate network, across a range of markets.

Sites include:

CrossingBroad.com

EliteSportsNY.com

PromoCodeKings.com

PASportsbooks.com

BetNewJersey.com

ActionRush.com

CBWG also partners with other sites in select markets to deliver legal gambling operators comprehensive and superior marketing services that address all areas of the acquisition funnel.

For further information:

XLMedia Communications

Kieran McKinney, Investor Relations

[email protected]

Vigo Communications

Jeremy Garcia

Tel: 020 7390 0233

www.vigocomms.com

KEYWORDS: Europe United States United Kingdom North America

INDUSTRY KEYWORDS: Sports Casino/Gaming General Entertainment Entertainment General Sports

MEDIA:

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Standard Insurance Limited Becomes Latest African Firm to Select Moody’s Analytics IFRS 17 Solution

Standard Insurance Limited Becomes Latest African Firm to Select Moody’s Analytics IFRS 17 Solution

LONDON–(BUSINESS WIRE)–
Moody’s Analytics today announced that Standard Insurance Limited, the insurance arm of Johannesburg-based Standard Bank Group and one of South Africa’s leading insurance providers, has selected the Moody’s Analytics RiskIntegrity™ for IFRS 17 solution to support its adoption of the new IFRS 17 accounting standard.

Standard Insurance Limited will use the RiskIntegrity for IFRS 17 solution as a software-as-a-service (SaaS) offering, allowing the firm to deploy the software immediately and accelerate its IFRS 17 implementation while benefiting from greater flexibility and ongoing cost savings.

The IFRS 17 standard represents a significant change in the financial reporting of insurance contracts. Insurers across Africa and around the world must implement systems that support the standard’s new calculations and reporting requirements. The RiskIntegrity for IFRS 17 solution connects data, models, systems, and processes between actuarial and accounting functions, helping Standard Insurance Limited meet the new financial reporting obligations.

“Given the complex nature of IFRS 17, it was essential that we select a provider with unrivaled data management capabilities and a robust calculation engine for managing the new requirements, as well as a proven track record of working with insurers in Africa. Moody’s Analytics ticked all of those boxes,” said Dr Nolwandle Mgoqi-Mbalo, Chief Executive at Standard Insurance Limited. “Using a SaaS solution removes several challenges related to maintenance and upgrades, since Moody’s Analytics manages the IT infrastructure and all of the software maintenance.”

“Developing new processes and implementing new systems to account for insurance contracts under IFRS 17 continues to be a priority for insurers in Africa,” said Christophe Burckbuchler, Managing Director at Moody’s Analytics. “Early adopters, such as Standard Insurance Limited, are looking for solutions that are quick to deploy, and can be efficiently scaled to meet the demanding data volume and performance requirements of the standard. Our solution, which integrates with Standard Insurance Limited’s existing actuarial and finance systems, offers out-of-the-box functionality, providing the organization with immediate usability. We look forward to working with Standard Insurance Limited, as they progress towards the IFRS 17 effective date.”

Earlier this year, Moody’s Analytics won IFRS 17 Solution of the Year and four other categories at the InsuranceERM Awards.

Learn more about the Moody’s Analytics suite of IFRS 17 solutions, and associated actuarial, risk, and finance solutions for insurers.

About Moody’s Analytics

Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us on Twitter or LinkedIn.

Moody’s Analytics, Inc. is a subsidiary of Moody’s Corporation (NYSE: MCO). Moody’s Corporation reported revenue of $4.8 billion in 2019, employs approximately 11,400 people worldwide and maintains a presence in more than 40 countries.

About Standard Insurance Limited

Standard Insurance Limited (SIL) is a wholly owned subsidiary of Standard Bank Group (SBG) Limited. SBG is listed on the JSE Securities Exchange of South Africa. SIL is incorporated and domiciled in South Africa. Its principal activity involves the provision of short-term insurance.

TRACEY SCOTT

Moody’s Analytics Communications

+44.207.772.5207

Moody’s Analytics Media Relations

moodysanalytics.com

twitter.com/moodysanalytics

linkedin.com/company/moodysanalytics

KEYWORDS: Africa Europe South Africa United Kingdom

INDUSTRY KEYWORDS: Software Insurance Finance Banking Data Management Accounting Professional Services Technology

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