Market Newsdesk

TEL AVIV, Israel, Nov. 17, 2020 /PRNewswire/ —

• Net income in the third quarter of the year was NIS 750 million, similarly to the same period last year (NIS 765 million).
  
  Net income in the first nine months of 2020 reached NIS 1.2 billion ($349 million), compared to NIS 2.8 billion ($814 million) in the same period last year.

  The decrease in net income in the first nine months resulted mainly from the significant increase in loan loss expenses, all of which arise from an increase in the collective loan loss provision and a decrease in noninterest finance income on the back of the coronavirus crisis.

• Return on equity in the third quarter of 2020 was 8.4%, compared with 8.7% in the same period last year. Return on equity in the first nine months of 2020 was 4.5%, compared with 10.4% in the same period last year (9.6% last year net of the effect of the sale of Leumi Card).
  
• Loan loss expense in the third quarter amounted to NIS 547 million compared to a total of NIS 181 million in the same period last year, on the back of the collective provision. The loan loss provision in the third quarter of the year was 0.76% (0.26% last year) compared to a rate of approximately 1.2% in the first half of the year.

  The loan loss expense in the first nine months of the year totaled NIS 2.3 billion compared to a total of NIS 0.5 billion in the same period last year, with 88% of the expense in the reporting period arising from an increase in the collective loan loss provision.  

  The significant increase in the loan loss expense rate stems from the effect of the changes in the macroeconomic environment, on the back of a second substantial surge in Israel and the subsequent lockdown, which further deepened the effect of the economic crisis and the uncertainty regarding its effect of the Israeli and global economy.

• Noninterest finance income in the third quarter of the year totaled NIS 457 million compared to NIS 305 million last year. Income for the quarter included NIS 92 million (before tax) from a revaluation of Visa US equity. 

  Noninterest finance income in the first nine months of the year totaled NIS 487 million compared to NIS 1,303 million in the corresponding period last year (NIS 989 million last year net of the sale of Leumi Card). Most of the decrease stems from losses recorded in the item in the first quarter of the year, on the back of decreases in capital markets and the effect of derivatives and exchange rate differentials. In addition to the gain on the sale of Leumi Card, revenues in the corresponding period last year included a total of NIS 123 million on the sale of Super-Pharm and Automated Banking Services Ltd. (ABS). 
   

• Operating and other expenses in the third quarter totaled approximately NIS 1.7 billion, a 9.7% year-on-year decrease. The efficiency ratio was 50.4 percent. The decrease stems from salary expenses and other operating expenses.

  Operating and other expenses in the first nine months of the year totaled NIS 5.2 billion, a 10.5% year-on-year decrease. The operating efficiency ratio improved, reaching 55%. 
   

• CET1 capital ratio significantly higher than the regulatory requirement – Common Equity Tier 1 capital ratio as at September 30 2020 was 11.71%, and total capital ratio was 15.81%.
• Growth in the loan portfolio – the Bank continues to focus its growth efforts on the loan portfolio in the corporate, middle-market and mortgage loan segments. The corporate loan portfolio grew at a rate of 6.4% in the past year; the middle-market portfolio grew by 5.2% and the mortgage portfolio grew by 5.8%.
  
• Deposits from the public were up by 18.7% year-on-year, totaling NIS 427.1 billion, compared to NIS 359.9 billion in the same period last year.

Leumi supports its customers during the coronavirus crisis:

• Credit to businesses – from of the outbreak of the crisis until shortly before the publication date of the financial report, Leumi  (TASE: LUMI) approved NIS 5.7 billion in business loans as part of the state-backed loan fund for businesses hurt by the coronavirus crisis and the loan fund for high-risk businesses. Out of this amount, approximately NIS 3.2 billion were extended to small businesses.
• Moratorium on loans to small businesses – as of September 30 2020, Leumi deferred current repayments of loans to small businesses in the amount of NIS 500 million, for loans totaling NIS 4.6 billion. As of September 30 2020, repayments for approx. 54% of the deferred loans to small businesses resumed.
• Loan moratorium – as of September 30 2020, Leumi deferred current mortgage loan repayments in the amount of NIS 374 million, the deferment period of which has yet to end. The total amount of deferred mortgages at Leumi as of September 30 2020 was NIS 9.2 billion. In addition, the deferment period on mortgages amounting to NIS 11.7 billion has ended. As of shortly before the financial report publication date, only 10% of the mortgage loans are still with the status of deferred loans.

Development of Balance Sheet Items:

• Equity attributable to the Bank’s shareholders as at September 30 2020 totaled NIS 37.1 billion compared to NIS 35.1 billion as at September 30 2019.
• Loans to the public, net totaled NIS 286.4 billion as at September 30 2020, compared with NIS 280.4 billion as at September 30 2019, a 2.1% increase. Most of the increase is due to mortgage loans, mid-market businesses and corporations. Loans to the public, net, less loans of institutionals, was up by 2.9%.
• Deposits by the public totaled NIS 427.1 billion as at September 30 2020, compared with NIS 359.9 billion as at September 30 2019, a 18.7% increase.
• Leverage ratio as at September 30 2020 was 6.66 percent.
• Liquidity coverage ratio as at September 30 2020 was 137%, compared to the 100% minimum required by the Banking Supervision Department.

Leumi Group – Principal Data from the Financial Statements

Profit and profitability (in NIS millions)

Development of balance sheet items (in NIS millions)

Principal financial ratios (%)

^{The data in this press release has been converted into US dollars solely for convenience purposes, at the representative exchange rate published by the Bank of Israel on September 30, 2020, NIS 3.441.}

Conference Call Details:

A conference call to discuss the results will be held today at 5 PM (Israel); 3 PM (UK); 10:00 AM (ET).

It is recommended to connect to the link at least 10 minutes prior to the beginning of the call. An archived recording will be available on the Leumi website one business day after the call ends.

Conference Call Dial-in Details (no passcode required):

Israel  03-9180644
UK 0-800-917-5108
US & Canada 1-866-860-9642
All other locations  +972-3-918-0644

The conference call does not replace the need to review the latest periodic/quarterly reports containing full information, including forward-looking information, as defined in the Israeli Securities Law, and set out in the aforementioned reports.

For more information visit www.leumi.co.il or contact Daphna Golden, VP, Head of Investor Relations, at [email protected]

 

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SOURCE Bank Leumi

HONG KONG and SHANGHAI, Nov. 17, 2020 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 02318; SSE: 601318) announced that Ping An Bank received the “Eye On Innovation Award for Financial Services 2020” from research and advisory company Gartner. Ping An Bank is the first in Mainland China’s banking industry to receive the annual award, recognizing the Bank’s capabilities in risk management and the impact of China’s fintech in Asia-Pacific.

Guo Shibang, Vice President of Ping An Bank, said, “The Intelligent Risk Control Platform is an integrated process platform for Ping An Bank to carry out complicated and innovative business operations in areas such as investment, financing and supply chain. It is also an integrated risk control platform with risk policies, risk regulations and risk management. The six intelligent applications for approval, control, lending, early warning, analytics and monitoring help anticipate trends, make timely decisions and take quick action for effective risk management.”

Combining machine intelligence with experts’ experience, intelligent credit approval has formulated rules to exclude customers in financial distress, involved in financial whitewashing, or subject to close monitoring for money laundering, terrorist financing or special risks. In the customer approval process alone, efficiency has improved by more than 30%. For risk control, intelligent credit approval has identified over 3,000 high-risk customers. Automated processes have also streamlined business operations, reducing manual processes for relationship managers by 80%.

With big data and smart algorithms as the core technologies, intelligent early warning analyzes massive amounts of internal and external data and scans customers through rule models, scene models and machine learning models to achieve the full process of closed-loop management from “pushing a warning signal, screening risk information, confirming whether to launch a warning, adopting control measures on risky clients to releasing the warning”. It has improved the accuracy of the 90-day early warning to more than 90%. Since the beginning of this year, the system has enabled Ping An Bank to avoid potential risks that amounted to more than RMB50 billion.

Empowered by internal and external databases, Ping An’s intelligent lending realizes three-factor machine authentication by incorporating models for risk information, special risk control and management, credit risk mitigation, credit limit control and management. Smart lending is comprised of smart control, machine assistance and automatic review functions, which enables Ping An to complete real-time services in five minutes or less, 24 hours, seven days a week. In comparison, other banks may take a few hours to complete the same services.

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (“Ping An“) is a world-leading technology-powered retail financial services group. With over 214 million retail customers and nearly 579 million Internet users, Ping An is one of the largest financial services companies in the world.

Ping An has two over-arching strategies, “pan financial assets” and “pan health care”, which focus on the provision of financial and health care services through our integrated financial services platform and ecosystems. Our “finance + technology” and “finance + ecosystem” strategies aim to provide customers and internet users with innovative and simple products and services using technology. As China’s first joint stock insurance company, Ping An is committed to upholding the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchanges in Hong Kong and Shanghai.

In 2020, Ping An ranked 7^th in the Forbes Global 2000 list and ranked 21^st in the Fortune Global 500 list. Ping An also ranked 38^th in the 2020 WPP Kantar Millward Brown BrandZ^TM Top 100 Most Valuable Global Brands list. For more information, please visit group.pingan.com.

About Ping An Bank

Ping An Bank Co., Ltd. (hereafter “Ping An Bank“, SZ:000001) is a nationwide joint-stock commercial bank headquartered in Shenzhen. It was formerly known as Shenzhen Development Bank Co., Ltd. and renamed as Ping An Bank in July in the same year after the merger of former Ping An Bank Co., Ltd. in June 2012. As at the end of September 2020, Ping An Bank’s total assets amounted to RMB4,346.921. billion. Ping An Bank provides diversified financial services to enterprises, retailers and government departments through 99 branches and 1,078 outlets across China.

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SOURCE Ping An Insurance (Group) Company of China, Ltd.

STOCKHOLM, Nov. 17, 2020 /PRNewswire/ — Electrolux today holds an on-line Capital Markets Update at 15:00 – 16:40 CET. The event is hosted by Jonas Samuelson, President and CEO, together with Anna Ohlsson-Leijon, Head of Business Area Europe and members of Business Area Europe’s management team. Presentations from the Capital Markets Update will be available as from 13:30 CET today on the event platform.

The Capital Markets Update will focus on how Electrolux is driving profitable growth through innovation, where design and brands are key pillars. The event will showcase how Electrolux has strengthened its premium position in Europe through deep consumer insights, specifically in the built-in kitchen area, and how this has boosted earnings.

“Innovation is a key pillar in creating value”, said Jonas Samuelson, President and CEO of the Electrolux Group. “Design plays a vital role to ensure that our products are the preferred choice, by delivering on the needs of the consumers and creating a higher intent to purchase. Together with sharpening of our premium brands Electrolux and AEG, this has resulted in growth and higher profit for these brands since 2016. Our innovative product portfolio also supports our strong commitment to sustainability with the target of climate neutrality by 2050.”

The event will be held online. Click here to register for the event and access the agenda. We recommend that you register well ahead of the meeting to avoid any IT related issues and to download the presentations.

Presentations from the Capital Markets Update will be available as from 13:30 CET today on the event platform. The event begins at 15:00 CET and the on-demand version will be available here tomorrow.

The business and market outlooks provided in Electrolux third-quarter report on October 23, 2020 remain unchanged. The company will publish its results for the fourth quarter and full year 2020, and the outlook for 2021, on February 2, 2021.

For further information, please contact Electrolux Press Hotline, +46 8 657 65 07.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux/r/driving-profitable-growth-through-innovation—electrolux-capital-markets-update-2020,c3238018

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SOURCE Electrolux

GÖTEBORG, Sweden, Nov. 17, 2020 /PRNewswire/ — Volvo Group Venture Capital AB has invested in Adnavem, an online marketplace for freight services. Adnavem offers unbundled door-to-door transport with a present focus on Asia and Northern Europe.

Adnavem, which was founded in 2017 and is based in Gothenburg in Sweden, is disrupting the transport and logistics industry by providing an unbundled service offer where transport buyers can choose the service providers for each part of the logistics chain themselves.

“Nowadays the unbundling of services is a strong trend in many industries and this trend is also redrawing the map for the transport industry. Adnavem offers innovative services for freight buyers but also better terms for haulage companies, which is very important for us. We share the clear goal of making transport more efficient and therefore more environmentally friendly with the help of technology,” says Erik Johansson, Investment Director at Volvo Group Venture Capital.

“We are set to change the multimodal transport industry. The investment from Volvo Group Venture Capital will help accelerate our growth and lay the foundation for an exciting partnership. By digitalising and automating the freight process, we can help transport buyers to find the best transport chains and strike a good balance between price, speed and environmental impact,” says Andreas Wramsmyr, founder and CEO of Adnavem.

The role of Volvo Group Venture Capital is to make investments that drive transformation by facilitating the creation of new services and solutions and to support collaborations between start-ups and the Volvo Group.

Against the background of the trends shaping the future of transportation and the strategic priorities of the Volvo Group, the key areas of investment for Volvo Group Venture Capital are currently logistics services, site solutions and electrical infrastructure. The organisation has a global scope, but focuses on Europe and North America.

The transaction has no significant impact on the Volvo Group’s earnings or financial position.

Journalists wanting further information, please contact


Claes Eliasson, Volvo Group Media Relations, +46 76 553 72 29

For more information, please visit
volvogroup.com/venturecapital

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 100.000 people and serves customers in more than 190 markets. In 2019, net sales amounted to about SEK 432 billion (EUR 40.5 billion). Volvo shares are listed on Nasdaq Stockholm.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ab-volvo/r/volvo-group-venture-capital-invests-in-new-marketplace-for-freight,c3238243

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SOURCE AB Volvo

LOS ALAMITOS, Calif., Nov. 17, 2020 /PRNewswire/ — Epson America today announced two new SureColor^® T-Series wireless multifunction printers with integrated scanners – the 24-inch SureColor T3170M and the 36-inch SureColor T5170M. Based on successful predecessors, the SureColor T3170 and SureColor T5170, the new affordable multifunction printers include an integrated scanner for accurately scanning blueprints and drawings, making large copies, and sharing high-quality technical documents. Featuring a sleek design and compact footprint,¹ the SureColor T3170M is up to 29 percent smaller and the SureColor T5170M is up to 15 percent smaller than competitor MFP models² to conveniently fit into modern work from home and small office environments allowing for seamless team collaboration across CAD, architecture, engineering, and corporate graphics workflows. 

“Customers working in technical fields have a unique need for large format copying and scanning with precise detail, precision and flexibility,” said Jacob Hardin, product manager, Professional Imaging, Epson America, Inc. “With the new SureColor T3170M and T5170M multifunction printers, customers are now able to scan blueprints, renderings, and technical drawings to share with colleagues or convert them to electronic files for editing and reprinting. As more professionals are working remote from home right now, these new models take up minimal space while still providing an advanced feature set for increased productivity.”

The SureColor T3170M and SureColor T5170M multifunction printers feature an integrated 600 dpi high-detail scanner with simple top-loading functionality for easy copying and scanning of blueprints, technical documents, renderings and graphics. In addition, it supports copy enlargements and reductions, as well as enhances tracing and offers highlight detection for scanning annotated blueprints. For easy document sharing, users can scan directly to USB drives, network folders, or scan to e-mail to share documents with team members, including remote and on-site departments, vendors and clients. 

Featuring an industrial-grade Epson PrecisionCore^® MicroTFP^® printhead for ultra-fast print speeds, the SureColor T3170M and SureColor T5170M produce accurate A1/D-size prints in as fast as 34 seconds and 31 seconds,³ respectfully. The multifunction printers leverage UltraChrome^® XD2 pigment ink technology for brilliant color, crisp lines, and smudge and water-resistant prints. Supporting a variety of media – including rolls and sheets – these multifunction printers deliver detailed output on a wide range of media types. Supporting integrated wireless and Wi-Fi Direct^® connectivity,⁴ professionals can easily print from virtually anywhere in the home or office with a smart device⁵ or from a USB thumb drive. Touting enterprise security features and protocol support, users can print and scan directly to e-mail, network folder or USB drive.

The new SureColor T3170M and SureColor T5170M deliver a range of multifunction features designed to help industry professionals create stunning CAD, GIS, architectural, or engineering technical drawings, including:

• Ultra-fast Print Speeds – The SureColor T3170M and SureColor T5170M produce A1/D-size prints in as fast as 34 seconds and 31 seconds,³ respectively
• High-Detail Integrated Scanner – Easily scan and share documents; up to 600 dpi scanner with highlight detection to accurately scan annotated blueprints and drawings
• Compact, Clean Design – Sleek, compact design¹ enhances workspaces
• Durable, Instant-Dry Prints – Archival-quality, all-pigment-based UltraChrome XD2 inks deliver brilliant color, crisp lines, and smudge and water-resistant prints
• Versatile Print Media Handling – The SureColor T3170M and SureColor T5170M accommodate rolls and cut sheets up to 24″ and 36″ wide, respectively; the auto-sheet feeder accommodates sheets up to 11″ x 17″
• Easy to Operate with Robust Standalone Copy Features – Large, intuitive 4.3-inch LCD screen simplifies operation and includes the ability to make copies of large drawings or blueprints directly from the control panel without the need of a computer
• Print & Scan from Virtually Anywhere in Your Home or Office
  – Easily print from or scan to USB thumb drives,⁶ as well as print from tablets, smartphones,⁵ and more with integrated wireless plus router-free Wi-Fi Direct printing⁴
• Extreme Print Quality and Precision – PrecisionCore MicroTFP printhead with Precision Droplet Control for outstanding clarity; up to 2400 dpi printing resolution captures annotations, lines, and image detail with incredible accuracy
• Outstanding Productivity – Change cartridges less often with high-capacity ink cartridges up to 50 ml (color) and 80 ml (Black)
• Enterprise Security Features and Protocol Support – Supports secure PDF printing from PCs and scanning of secure PDFs to USB thumb drives and shared folders, no computer needed

Support and Availability
The Epson SureColor T3170M (Estimated $2,545 MSRP) will be available in January and the SureColor T5170M (Estimated $4,995 MSRP) will be available in Q2 2021 online and through Epson Authorized Professional Imaging Resellers. There are several Epson Preferred^SM Plus service coverage plans available that includes toll-free advanced telephone access Monday through Friday and usually next business-day on-site service in the unlikely event of any hardware failure. For additional information, visit www.proimaging.epson.com.

About Epson
Epson is a global technology leader dedicated to becoming indispensable to society by connecting people, things and information with its original efficient, compact and precision technologies. The company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics. Epson is proud of its contributions to realizing a sustainable society and its ongoing efforts to realizing the United Nations’ Sustainable Development Goals.

Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion. global.epson.com/

Epson America, Inc., based in Los Alamitos, Calif., is Epson’s regional headquarters for the U.S., Canada, and Latin America. To learn more about Epson, please visit epson.com. You may also connect with Epson America on Facebook (facebook.com/Epson), Twitter (twitter.com/EpsonAmerica), YouTube (youtube.com/epsonamerica), and Instagram (instagram.com/EpsonAmerica).

* This product uses only genuine Epson-brand ink packs. Other brands of ink packs and ink supplies are not compatible and, even if described as compatible, may not function properly.
1 Product size excluding stand.
2 Compared to similarly featured 24-inch and 36-inch color inkjet multifunction CAD printers per industry available data as of September 2020.
3 Print speeds are based on the print engine speed only. Total throughput time for any print depends on various factors including workstation configuration, file size, print resolution, ink coverage and networking. Actual print speeds will vary.
4 Wi-Fi CERTIFIED™; level of performance subject to range and type of the router being used. Wi-Fi Direct may require printer software.
5 Most features require an Internet connection to the printer, as well as an Internet- and/or email-enabled device. For a list of Epson Connect™ enabled printers and compatible devices and apps, visit www.epson.com/connect   
6 Supports printing of raster-based files including JPEG and TIFF; including PDFs scanned on the device. Supports scanning to JPEG, TIFF, PDF, and Encypted/Non-Encrypted PDF File Formats.

EPSON, PrecisionCore, SureColor, TFP, and UltraChrome are registered trademarks and EPSON Exceed Your Vision is a registered logomark of Seiko Epson Corporation. Epson Preferred is a servicemark of Epson America, Inc. Wi-Fi Direct® is a registered trademark and Wi-Fi CERTIFIED™ is a trademark of Wi-Fi Alliance®.All other product and brand names are trademarks and/or registered trademarks of their respective companies. Epson disclaims any and all rights in these marks. Copyright 2020 Epson America, Inc.

 

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SOURCE Epson America, Inc.

TUCSON, Ariz., Nov. 17, 2020 /PRNewswire/ — As part of a historic Missile Defense Agency demonstration and for the first time ever, an intercontinental ballistic missile target was intercepted and destroyed outside Earth’s atmosphere by an advanced SM-3® Block IIA ballistic missile defense interceptor made by Raytheon Missiles & Defense, a Raytheon Technologies (NYSE:RTX) business. The interceptor was co-developed with Japan’s Mitsubishi Heavy Industries.

“This first-of-its-kind test shows that our nation has a viable option for a new layer of defense against long-range threats,” said Bryan Rosselli, vice president of Strategic Missile Defense at Raytheon Missiles & Defense.

The SM-3 family of ballistic missile defense interceptors has executed more exo-atmospheric intercepts than all other missiles combined and is the only weapon of its kind employed from both ships and land.

Raytheon Intelligence & Space sensors were also part of the historic test from low-earth orbit. The sensors detected and tracked the target and relayed the data to decision makers in a demonstration of space-based early warning.

Raytheon Technologies’ missile defense portfolio combines sensors, effectors, C2 and integration work to deliver the most advanced missile defense capabilities available to the U.S. and its allies today.

About Raytheon Technologies

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises four industry-leading businesses – Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. Its 195,000 employees enable the company to operate at the edge of known science as they imagine and deliver solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

 

Media Contact

Jaclyn Gutmann

C: 781. 879.2789
[email protected]

 

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SOURCE Raytheon Technologies

LOS ANGELES, Nov. 17, 2020 /PRNewswire/ — Belkin, the connected things division within the Belkin International and Foxconn Interconnect Technology (FIT) (HK:6088) entity, today introduces the BOOST↑CHARGE™ UV Sanitizer + Wireless Charger the newest addition to health & wellness portfolio.

Belkin is proud to announce the launch of the Belkin Health Wellness category focused first on the immediate need for ventilators and face masks. The future of this category will refocus back to the core of the Belkin business keeping in mind the post-pandemic adapted lifestyles of consumers around the world as we consider products that are designed to protect and sanitize from any harmful pathogens.

The BOOST CHARGE™ UV Sanitizer + Wireless Charger provides peace of mind when it comes to cleaning your phone. It reduces up to 99.99% of bacteria with dual UV-C LED lights, making sure your phone or other nonporous items are clean and sanitized for healthier daily use. With UV-C technology, you can easily clean the bacteria off your phone in a safe and reliable way. To charge your phone, all you need to do is align your phone on the top of the UV Sanitizer + Wireless Charger when it’s closed.

Key features:

• Reduces up to 99.99% of germs and bacteria through 2 UV-C lights
• Easily charge one device with up to 10W of power while you sanitize other items
• Works with Qi-enabled devices from multiple manufacturers including Apple* and Samsung
• 4 easy steps: open lid, place phone and/or other items, close lid, push button to sanitize 
• Compact size fits on any tabletop and silently sanitizes without loud buzzing or fans 
• Includes power supply unit and 4ft USB-A to USB-C cable
• LED light will turn on when sanitization starts and will turn off when done
• UV-C LED has longer lifetime than UV-C lamp
• UV-C LED lights sanitizes without heat, liquid, or chemicals that could damage your device

The BOOST CHARGE™ UV Sanitizer + Wireless Charger is the first of its kind from Belkin. It is a classic Belkin charging solution with an emphasis on health & wellness.

The BOOST↑CHARGE™ UV Sanitizer + Wireless Charger is now available for purchase at select retailers worldwide and at Belkin.com for $79.99.

Imagery can be found here. 

*The BOOST↑CHARGE™ UV Sanitizer + Wireless Charger optimally charges the iPhone 8, iPhone 8 Plus, iPhone X, iPhone XS, iPhone XS Max, iPhone XR, iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max

About Belkin International

In 2018, Foxconn Interconnect Technology merged with Belkin International (Belkin®, Linksys®, Wemo®, Phyn®) to create a global consumer electronics leader. Today, this group leads in connecting people with technologies at home, at work and on the go within the accessories (“Connected Things” – Belkin brand) and the smart home (“Connected Home” – Linksys, Wemo and Phyn brands) markets.

© 2020 Belkin International, Inc. and/or its affiliates. All rights reserved.

All product names, logos, and brands are property of their respective owners.

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SOURCE Belkin International

LONDON and REDWOOD CITY, Calif., Nov. 17, 2020 /PRNewswire/ — Avast (LSE:AVST), a global leader in digital security and privacy products, has launched an iOS version of Avast Secure Browser (ASB) to add to its multi-platform portfolio which also includes support for Windows, Mac and Android. The 2020 ambition to become a multi-platform browser is part of ASB’s ongoing focus to converge security and privacy services to enable a safer, more private and faster browsing experience across devices and operating systems.

The introduction of the mobile browser for iOS is one of two major updates offered in the latest release, code-named ‘Rainier’. ASB customers now have the ability to sync browsing history and bookmarks between platforms from their Avast account, delivering an all-in-one and frictionless secure browsing experience. The Cross Platform Sync feature applies to both desktop* and mobile devices and utilizes end-to-end encryption to ensure communications are secured and inaccessible to third parties throughout the syncing process.

Scott Curtiss, Vice President and General Manager of Avast Secure Browser, said, “Since launching Avast Secure Browser for Windows, our goal has been a multi-platform offering with built-in, centralized privacy tools and a syncing option that makes the concept of private and secure browsing approachable for users. Over the past year, we’ve introduced Avast Secure Browser for Android and now iOS to become a powerful multi-platform player with 35 million monthly active users across all platforms. Moving forward, our intent is to build on this momentum and utilize Avast’s expertise to integrate intuitive consumer friendly security and privacy services that go beyond the offerings of other household browsers.”

Similar to ASB for Android, the iOS version has been built from the ground up with full data encryption at its core. This includes AES-256 and the latest TLS/SSL cryptographic protocols for the data transport layer. Additional built-in security and privacy features available with Avast Secure Browser for iOS include:

• A lightning fast VPN that encrypts all data in motion and at rest**
• A media vault that stores and encrypts downloaded files
• Anti-tracking technology that prevents websites, advertisers and other web services from tracking online activity
• Built-in Adblock to improve website load time (browser speed)
• Customizable browsing modes including Secure Mode, Secure & Private Mode, and Custom Mode

Avast Secure Browser for iOS supports iPhone, iPad and iPod on iOS 13.0 and above, and is available for download here.

* macOS Cross Platform Sync support coming later this month
**The free version of ASB for iOS includes unlimited VPN protection to the fastest server location for browsing traffic based on user location. Updating to Pro unlocks all 30+ locations and enables device-wide VPN protection for all mobile apps.

About Avast:
Avast (LSE: AVST), a FTSE 100 company, is a global leader in digital security and privacy products. With over 400 million users online, Avast offers products under the Avast and AVG brands that protect people from threats on the internet and the evolving IoT threat landscape. The company’s threat detection network is among the most advanced in the world, using machine learning and artificial intelligence technologies to detect and stop threats in real time. Avast digital security products for Mobile, PC or Mac are top-ranked and certified by VB100, AV-Comparatives, AV-Test, SE Labs and others. Visit: www.avast.com

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SOURCE Avast