NTT Co-authored Papers at NeurIPS to Advance Machine Learning Efficiency and Performance

NTT Co-authored Papers at NeurIPS to Advance Machine Learning Efficiency and Performance

Ground-breaking Topics Include Neural Network Pruning, Meta Learning and Alternative Bayesian Model

PALO ALTO, Calif.–(BUSINESS WIRE)–NTT Research, Inc., a division of NTT (TYO:9432), NTT Communication Science Laboratories and NTT Software Innovation Center today announced that three papers co-authored by scientists from several of their divisions were selected (including one Spotlight paper) for this year’s NeurIPS 2020, the 34th annual conference of the Neural Information Processing Systems Foundation. A non-profit corporation that fosters the exchange of research on neural information processing systems in their biological, technological, mathematical and theoretical aspects, the NeurIPS Foundation will hold this year’s all-virtual conference on December 6-12. Its selection committee accepted 16 percent of the more than 12,000 abstract submissions they received, including the following three, which touch upon deep neural networks, theory and algorithms, deep learning and Bayesian modeling:

  • “Pruning Neural Networks Without any Data by Iteratively Conserving Synaptic Flow,” Hidenori Tanaka (NTT Research Physics & Informatics Lab (PHI) Lab; Department of Applied Physics, Stanford), Daniel Kunin (co-first author, Institute for Computational & Mathematical Engineering, Stanford), Daniel L. Yamins (Departments of Psychology and Computer Science, Stanford), Surya Ganguli (Department of Applied Physics, Stanford). This paper, which builds upon another paper delivered at last year’s event, addresses a problem involving existing algorithms for network pruning, or the compression of neural networks by removing parameters (connections) between artificial neurons. Interest in pruning has grown due to its potential to save time, memory and energy during a neural network’s training and test phases. One problem with this technique, however, is layer collapse, which occurs when an entire layer is pruned, making a network untrainable. The answer proposed here is a new algorithm, Iterative Synaptic Flow Pruning (SynFlow), in which successive iterations enable it to go farther and reach higher levels of compression without layer collapse. “We have characterized and provably solved a key failure mode of existing neural network pruning algorithms and have taken a step toward achieving more efficient deep learning models,” said Hidenori Tanaka, a senior scientist in the NTT Research PHI Lab. A new work summarizing findings in the pruning paper by using theoretical tools from physics, titled “Neural Mechanics: Symmetry and Conservation Laws in Learning Dynamics,” will be presented at the NeurIPS 2020 Machine Learning and Physical Sciences workshop.
  • “Meta-learning from Tasks with Heterogeneous Attribute Spaces,” Tomoharu Iwata (NTT Communication Science Laboratories), and Atsutoshi Kumagai (NTT Software Innovation Center). Standard machine-learning methods train networks on a specific task. New tasks require another large amount of training data. One way around the related time and cost is “few-shot learning,” a framework for learning from fewer examples. Existing models, however, assume that training and target tasks share the same attribute space, and tasks with heterogeneous attribute spaces to-date have assumed only two tasks and require target data sets for training. This paper introduces a new “few-shot” learning method for tasks with heterogeneous attribute spaces. The model infers latent representations of each attribute and each response from a few labeled instances. Then responses of unlabeled instances are predicted with the inferred representations using a prediction network. “Based on the knowledge learned from a wide-variety of training datasets, the proposed method can quickly adapt to and learn new tasks even when their attribute spaces are different from the training datasets,” said Iwata, a distinguished researcher at NTT Communication Science Laboratories.
  • “Baxter Permutation Process,” Masahiro Nakano, Akisato Kimura, Takeshi Yamada, Naonori Ueda (NTT Communication Science Laboratories). A Bayesian nonparametric (BNP) model for Baxter permutations (BPs), termed BP process (BPP), is proposed and applied to relational data analysis. “With our algorithm, we are able to find any combination of clusters with any sizes without any prior information, such as the number of clusters,” said Masahiro Nakano, a researcher at NTT Communication Science Laboratories. “Our achievement opens up new possibilities for applying Bayesian nonparametric machine learning, expected to be one of the next-gen machine learning technologies, to multi-dimensional — or even infinite-dimensional — data.” This paper was selected as a Spotlight paper and will be presented during an online session on December 10.

“There is no better place to explore the overlap between machine learning and computational neuroscience than the annual NeurIPS event,” said Yoshihisa Yamamoto, PHI Lab Director. “We are excited to see the latest paper by Dr. Tanaka and his Stanford colleagues, as well as those by our colleagues at the NTT Software Innovation Center and NTT Communication Science Laboratories and expect the fields of neural networking and machine learning will benefit from the efficiencies and expanded capabilities that they are proposing.”

This year’s seven-day virtual NeurIPS event includes an expo, conference sessions, tutorials and workshops. The authors of these papers will participate in the event through poster and short recorded presentations. A follow-up to the “Pruning Neural Networks” paper, as noted above, will be presented at one of the event’s workshops. As an indication of the vitality of this sub-field of neuroscience, the event organizers noted a 40 percent year-over-year increase in the number of submitted abstracts, similar to the growth from 2018 to 2019. Papers in the areas of algorithms, deep learning and applications comprised 66 percent of the papers that were reviewed. Among this year’s keynote speakers are Christopher Bishop, director of the Microsoft Research Lab in Cambridge, England; Shafi Goldwasser, Director of the Simons Institute for the Theory of Computing; and Marloes Maathuis, Professor of Statistics at ETH (the Swiss Federal Institute of Technology) in Zurich.

About NTT Research

NTT Research opened its Palo Alto offices in July 2019 as a new Silicon Valley startup to conduct basic research and advance technologies that promote positive change for humankind. Currently, three labs are housed at NTT Research: the Physics and Informatics (PHI) Lab, the Cryptography and Information Security (CIS) Lab, and the Medical and Health Informatics (MEI) Lab. The organization aims to upgrade reality in three areas: 1) quantum information, neuro-science and photonics; 2) cryptographic and information security; and 3) medical and health informatics. NTT Research is part of NTT, a global technology and business solutions provider with an annual R&D budget of $3.6 billion.

NTT and the NTT logo are registered trademarks or trademarks of NIPPON TELEGRAPH AND TELEPHONE CORPORATION and/or its affiliates. All other referenced product names are trademarks of their respective owners. © 2020 NIPPON TELEGRAPH AND TELEPHONE CORPORATION

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Sapiens Joins Forces with LifeScore Labs to Innovate Life Insurance Underwriting

Partnership will bring machine learning models to life insurers’ mortality risk assessment, boosting accuracy and reducing underwriting costs

PR Newswire

HOLON, Israel, Dec. 3, 2020 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today a partnership with LifeScore Labs, a wholly owned insurtech subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual), to offer life insurers advanced machine learning capabilities for more accurate risk assessment and underwriting.

Through a seamless integration with Sapiens Underwriting Pro, carriers can receive an instant assessment of mortality risk on their applicants using two different scoring models – LifeScore Med360℠, which calculates mortality risk based on 49 applicant-specific data points including a medical exam, and LifeScore Fluidless℠, which assesses risk utilizing self-reported applicant information together with credit and public records.

Machine learning models can offer a more accurate and precise means of gauging mortality risk than traditional methods. The automation provided by LifeScore Labs improves risk assessment, reduces underwriting costs and improves efficiency while delivering a better customer experience.

“ML, AI and big data are transforming insurance underwriting as we know it,” said Roni Al-Dor, President and CEO at Sapiens. “With its team of more than 40 data scientists and more than 1.5 million application records dating back 20 years, LifeScore Labs and MassMutual have the expertise and capabilities needed to drive this transformation, making them ideal partners in our quest to make life insurance more efficient, tech-savvy and customer-friendly.”

In addition to reams of historical application records, LifeScore Labs’ machine learning models also incorporate more than 1.2 million records with appended credit and public records data, as well as more than 23,000 observed deaths.

Through the Sapiens-LifeScore Labs partnership, insurers will have access to a suite of features available through Sapiens UnderwritingPro platform, a web-based solution for automated underwriting and new business case management designed to streamline insurer workflows and reduce time to issue and policy acquisition costs. Sapiens UnderwritingPro provides a complete Straight-Through Processing (STP) underwriting environment with its intuitive user interface, real-time dashboard, sophisticated rules engine, and advanced workflow and analytics. The robust digital solution facilitates the drive for insurers to move toward “fluidless” underwriting experiences with minimal or no human intervention.

“To successfully compete in a fast-evolving market, life insurers need best-in-class automation technology, robust data capabilities, a granular understanding of risk and the agility to adapt to changing customer needs – and that’s precisely what the synergistic partnership between Sapiens and LifeScore Labs will offer,” said Michael Gallary, COO, LifeScore Labs.

About Sapiens

Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers’ compensation and financial markets. With more than 35 years of experience delivering to over 500 organizations globally, Sapiens has a proven ability to satisfy customers’ core, data and digital requirements. For more information: www.sapiens.com.

Sapiens Media Contact

Alex Zukerman

CMO and Chief of Strategy, Sapiens
+972 546 724 910
[email protected]

About LifeScore Labs, LLC

LifeScore Labs, LLC (LifeScore Labs), a wholly owned subsidiary of MassMutual, was established in 2017 to bring to market selected intellectual property created by MassMutual’s Data Science team. LifeScore Labs delivers a toolkit of data-driven risk-scoring models that make underwriting more efficient while generating results that are easier to interpret for both insurers and consumers. For more information on LifeScore Labs, visit www.lifescorelabs.com. 

LifeScore Labs Media Contact

Chelsea Haraty

413-744-4062
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WALLIX Announces U.S. Cybersecurity Virtual Event

WALLIX’s “The State of Security: Access and Identity in the Digital Transformation” will take place on December 9, 2020.

PR Newswire

NEW YORK, Dec. 3, 2020 /PRNewswire/ — WALLIX (Euronext ALLIX), a cybersecurity software and Identity and Access Security Solutions expert, is hosting its first US-focused edition of the virtual event WALLIX LIVE on Wednesday, December 9, 2020, beginning at 1 p.m. ET.

This live conference will bring together cybersecurity industry experts to discuss the present and future of identity and access security in the face of accelerating digital transformation.

The virtual event will feature a live interview with Jean-Noel de Galzain, CEO at WALLIX, and two roundtable panels of industry experts including Laura Deaner, CISO at S&P Global and John Masserini, Global CISO at MILLICOM as well as cybersecurity specialists from McKinsey, TAG Cyber, WALLIX business partner Atos and the National Cybersecurity Center.

Together, the panelists will break down the current state of cybersecurity, the latest in access security and the digital future. 

“Access security is one of the biggest challenges we face in cybersecurity today, so it’s easy to talk about the risks and solutions needed,” explains Mark Weatherford, Chief Strategy Officer at the National Cybersecurity Center. “I’m thrilled to join WALLIX for this event and to participate in discussions about this important topic. Digital transformation is impacting all businesses, and how to do it securely is a major issue for both policy makers and technologists.”

The agenda includes discussions around the state and future of security, as well as challenges the industry faces. See here for the full schedule.

“It’s exciting to be planning this wonderful event with WALLIX,” said Dr. Edward Amoroso Chief Executive Officer at TAG Cyber. “I’ve long considered identity and access security to be a primary weakness in most enterprise security programs — so the emphasis is both timely and critically important.”

ABOUT WALLIX
A software company providing cybersecurity solutions, WALLIX Group is the European specialist in Identity and Access Security Solutions. In response to recent regulatory changes and the cybersecurity threats affecting all companies today, WALLIX’s solutions help users defend against cyber-attacks, theft and data leaks linked to stolen credentials and abused privileges. It is the first market solution to have been awarded first-level security certification (CSPN) by France’s National Cybersecurity Agency (ANSSI) and thus meet all of the criteria for regulatory compliance. Listed on the Euronext under ALLIX and distributed by a network of more than 170 resellers and trained and accredited integrators, WALLIX accompanies more than 1200 companies in securing their digital future.


www.wallix.com

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SPARK Matrix Customer Journey Analytics 2020 Recognizes NICE Nexidia as Technology Leader and Cites NICE ENLIGHTEN as a Differentiator

SPARK Matrix Customer Journey Analytics 2020 Recognizes NICE Nexidia as Technology Leader and Cites NICE ENLIGHTEN as a Differentiator

The Quadrant Knowledge report recognizes NICE’s strengths in AI and highlights its sophisticated technology platform, including Journey Excellence Score as distinctive differentiators

HOBOKEN, N.J.–(BUSINESS WIRE)–NICE (Nasdaq: NICE) today announced that it has been recognized as a Technology Leader by Quadrant Knowledge Solutions for its Customer Engagement Analytics offering. In its SPARK Matrix: Customer Journey Analytics 2020 Report, Quadrant Knowledge noted NICE Nexidia’s “sophisticated technology platform offering distinctive customer journey analytics differentiators” in the integrated analysis of structured and unstructured customer interactions. NICE ENLIGHTEN and Journey Excellence Score (JES) feature among the top strengths acknowledged in the report.

Priyanka Panhale, Analyst, Quadrant Knowledge Solutions, said, “The COVID 19 pandemic has impacted organizations globally who are gradually shifting to adopt new business models to sustain themselves in this challenging environment. Nevertheless, brands will continue to invest in their digital capabilities to strengthen operations with a prime focus on delivering an advanced customer experience to gain a competitive advantage in the future. We believe customer engagement analytics solutions, enriched with AI that provide comprehensive insights and drive actions to boost experiences, such as those by NICE Nexidia, are critical for organizations to pivot to success.”

The Quadrant Knowledge report cites several strengths and differentiators for NICE Nexidia Customer Engagement Analytics, including noting that the solution comprises “full spectrum” journey and interaction analytics, industry-leading AI, intuitive and flexible visualizations, and secure and scalable deployment models.” Another key strength highlighted by Quadrant Knowledge is that NICE ENLIGHTEN “drives and enhances customer and employee satisfaction by providing deep insights and immediately converting them into actions. Additionally, it enables agents, team leaders, managers, and executives to remotely monitor customer and business-related KPI’s.” NICE Nexidia’s unique Journey Excellence Score (JES), an AI-powered metric to measure customer experience across omnichannel journeys is also noted in the report.

The SPARK Matrix 2020 acknowledges NICE Nexidia’s robust presence in North America as well as its expansion in Europe and Asia Pacific. NICE’s strength in the top verticals, including telecom, healthcare, public sector, banking & financial services, hospitality & travel, and retail and e-commerce, is also noted in the report, in addition to the “comprehensive” roadmap for these solutions.

Barry Cooper, NICE Enterprise Group President, said, “NICE is proud to be recognized by Quadrant Knowledge as a Technology Leader in its inaugural 2020 report evaluating Customer Engagement Analytics solutions. NICE has recently invested heavily in order to re-invent how organizations use CEA solutions to enable them to leapfrog from insights into actions that influence customers’ experiences and journeys. The most significant of these is NICE ENLIGHTEN which is the first comprehensive AI framework for customer engagement which interprets and predicts human behaviors by objectively measuring all interactions. This recognition from Quadrant Knowledge serves as a strong acknowledgment that we deliver on exactly that.”

Quadrant Knowledge Solutions’ SPARK Matrix for Customer Journey Analytics provides a snapshot of key market participants and a visual representation of their positioning, along with strategic insights on how each vendor participant ranks related to their competitors across several axis representing a range of performance parameters coinciding with technology excellence and customer impact. These coordinates are then used to create the final SPARK Matrix.

About NICE

NICE (Nasdaq: NICE) is the world’s leading provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. NICE helps organizations of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions. www.nice.com.

Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE’s marks, please see: www.nice.com/nice-trademarks.

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Cooper, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the “Company”). In some cases, such forward-looking statements can be identified by terms such as “believe,” “expect,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “plan,” “estimate,” or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company’s products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company’s reports filed from time to time with the SEC, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

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Ballast Asset Management Charges into The ETF Market With an Active Small/Mid Cap Equity ETF

MGMT Offers Direct Access to Manager Expertise in Inefficient Segment Poised for Growth

PR Newswire

DALLAS, Dec. 3, 2020 /PRNewswire/ — Ballast Asset Management (“Ballast”), a fundamental equity manager, today launched the Ballast Small/Midcap ETF (NYSE: MGMT), one of the first ETFs to actively trade small capitalization equities. In Ballast’s opinion, small and mid-cap companies comprise a segment of the market that is both inefficient and poised for growth. Ballast seeks stellar management teams leading high-quality, smaller companies positioned to sustain growth and achieve success in the face of economic uncertainty.

MGMT is the newest entrant into a space that has traditionally been dominated by passive index ETFs. The investment team behind MGMT employs a rigorous research process to evaluate small and mid-cap companies and seeks to avoid companies that may not perform well. In contrast, passive small-cap ETFs may invest in both low quality and potentially distressed companies alongside higher-quality counterparts. Ballast’s process is designed to uncover and invest in higher-quality companies led by outstanding management teams, which they believe will offer investors the opportunity to both diversify their assets and potentially earn exceptional returns.

“Investing in great management teams has been a hallmark of our approach for years,” said Ragen Stienke, Founder and Portfolio Manager of Ballast Asset Management, the advisor to MGMT. “Our team dedicates significant time toward building relationships with management teams who have demonstrated an ability to act in the best interest of shareholders.”

Ballast’s investment process scrutinizes compensation structures, assesses management’s alignment with shareholders, and evaluates responsible capital deployment.

“In today’s economic environment, we are particularly interested in executives who can understand and effectively respond to macroeconomic and industry shocks,” added Stienke. “First and foremost, we strive to minimize losses and downside volatility. Further, we seek to invest in such a way that our investors benefit when a company successfully pivots in the face of change.”

MGMT retains the flexibility to continue to own high-quality compounders as they successfully execute on their strategies.

“When our work indicates a company is poised for success, we want our investors to benefit as long as the reward to risk balance remains in their favor. We don’t want to be forced to sell simply because of a market capitalization limit,” Stienke commented. “Other small cap strategies are often required to sell their best performers before intrinsic value is fully realized.”

About Ballast Asset Management

The Ballast Small/Mid Cap ETF (the “Fund”) seeks to generate positive risk adjusted returns. For more information on Ballast’s ETF offering, visit www.mgmtetf.com.

Important Risk Information

The Fund is a new ETF and has a limited history of operations for investors to evaluate.  The Portfolio Manager has prior experience managing a mutual fund. However, the Adviser has not previously managed a mutual fund or an ETF. As a result, investors do not have a long-term track record of managing an ETF from which to judge the Adviser and the Adviser may not achieve the intended result in managing the Fund. Market risk includes the possibility that the Fund’s investments will decline in value because of a downturn in the stock market, reducing the value of individual companies’ stocks regardless of the success or failure of an individual company’s operations. Securities of companies with small and medium market capitalizations are often more volatile and less liquid than investments in larger companies. Small and mid-cap companies may face a greater risk of business failure, which could increase the volatility of the Fund’s portfolio. The Fund is actively-managed and is thus subject to management risk. The Adviser will apply its investment techniques and strategies in making investment decisions for the Fund, but there is no guarantee that its techniques will produce the intended results. The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, and periods of high volatility and disruption in the creation/redemption process of the Fund.  The net asset value of the Fund will fluctuate based on changes in the value of the U.S. equity securities held by the Fund.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Ballast Small/Mid Cap ETF.  This and other important information about the ETF is contained in the Prospectus, which can be obtained at www.mgmtetf.com or by call (866) 383-6468.  The Prospectus should be read carefully before investing.  The Ballast Small/Mid Cap ETF is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC.  Northern Lights Distributors, LLC and Ballast Management are not affiliated.  7456-NLD-11/30/2020


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Great Lakes Dredge & Dock Corporation Advances US Offshore Wind Energy Industry with Decision to Design First Jones Act Compliant, Purpose-built Vessel for Subsea Rock Installation

— Represents critical step forward for US renewables and offshore wind industry

— State-of-the-art vessel design in cooperation with Ulstein

— First step in establishing US-based rock supply chain for the offshore wind industry

— Vessel to be built by US shipyard and expected to be operational as early as Q1 2024

PR Newswire

HOUSTON, Dec. 3, 2020 /PRNewswire/ — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) announced today the company is moving forward with the design and development of the first U.S.-flagged Jones Act compliant, inclined fallpipe vessel for subsea rock installation.  The vessel represents a critical advancement in building the future of the new U.S. offshore wind industry, including establishing a U.S.-based rock supply chain network spanning eastern seaboard states with active offshore wind leases.

Pending business conditions and a final investment decision, GLDD’s vessel will be U.S. owned, built and operated by American workers. The vessel is expected to help spur additional job growth and regional economic opportunities corresponding with the establishment of a U.S.-based rock supply chain network for subsea rock installation, with quarries in states along the East Coast. Further, the project should generate additional economic and job opportunities on the Gulf Coast, where the vessel will be built. While the vessel initially would serve the East Coast, GLDD believes it will be available as offshore wind projects develop along the Gulf and West Coasts.

“U.S. offshore wind’s potential growth could be a true economic stimulus for America. We believe this is the optimal time for us to leverage our extensive specialized vessel expertise to enter this exciting market now coming to the United States,” said Lasse Petterson, GLDD’s chief executive officer and president.  “We are initiating this project because we firmly believe that a Jones Act compliant offshore wind subsea rock installation vessel is a critical foundational piece required to advance the U.S. offshore wind energy industry. We are committed to safe and sustainable operations and excited to make history with this landmark vessel.”

GLDD has engaged world-renowned engineering firm Ulstein Design and Solutions B.V. for the vessel’s conceptual and regulatory design engineering. GLDD plans to design the vessel to state-of-the-art specifications and build the vessel with the highest maritime standards, including best-in-class air-quality controls to adhere to EPA Tier 4 emissions standards.  Pending federal permitting and regulatory approvals as well as a final investment decision, the vessel will be operational as early as Q1 2024, to coincide with major offshore wind project construction timelines.

As the leading U.S. dredging company and with 130+ years’ experience and expertise in dredging, marine engineering, specialized vessel design and safe offshore operations, GLDD believes its move into the offshore wind energy industry is a natural business progression.  GLDD brings best practices to all the projects it undertakes, including employing among the industry’s highest safety standards and quality controls protocols. 

“We applaud GLDD’s foresight and decisive action in entering this potentially transformative new industry in its early days. Their new vessel will complete another major piece of the offshore wind industry puzzle,” said Liz Burdock, CEO of the Business Network for Offshore Wind.  “This milestone brings our nation one step closer to realizing the substantial benefits from clean energy including the economic growth from projects, supply chain development, and job creation.”

“We look forward to playing a key role in developing this new industry on the eastern seaboard that will provide multidimensional benefits to our nation,” concluded Petterson. “The full potential direct, indirect and induced economic benefits of offshore wind development have yet to be calculated because the various aspects and value of the supply chain are still unknown and yet to be developed. The potential impacts are staggering.”

The Jones Act is a federal law that regulates maritime commerce in the United States and requires goods shipped between U.S. ports to be transported on ships that are built, owned and operated by U.S. citizens or permanent residents.

About Great Lakes Dredge & Dock Corporation
Great Lakes Dredge & Dock Corporation (Great Lakes) is the largest provider of dredging services in the United States. In addition, Great Lakes has a long history of performing significant international projects. Great Lakes employs experienced civil, ocean and mechanical engineering staff in its estimating, production, and project management functions. In its over 130-year history, Great Lakes has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of over 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through company operations. Great Lakes’ Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the company’s culture. Great Lakes’ commitment to the IIF® culture promotes a work environment where employee safety is paramount.

Cautionary Note Regarding Forward-Looking Statements 
Certain statements in this press release may constitute “forward-looking” statements as defined in Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”), the Private Securities Litigation Reform Act of 1995 (the “PSLRA”) or in releases made by the Securities and Exchange Commission (the “SEC”), all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Great Lakes and its subsidiaries, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements that are not historical fact are forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words “plan,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “may,” “would,” “could,” “should,” “seeks,” “are optimistic,” or “scheduled to,” or other similar words, or the negative of these terms or other variations of these terms or comparable language, or by discussion of strategy or intentions. These cautionary statements are being made pursuant to the Exchange Act and the PSLRA with the intention of obtaining the benefits of the “safe harbor” provisions of such laws. Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements with respect to Great Lakes, include, but are not limited to: impacts resulting from or attributable to the COVID-19 pandemic, our ability to obtain federal government dredging and other contracts; uncertainties in federal government budgeting; extended federal government shutdowns, which may lead to funding issues, the incurrence of costs without payment or reimbursement under our contracts, and delays or cancellations of key projects; the risk that the President of the United States may divert funds away from the Army Corps of Engineers in response to a national emergency; our ability to qualify as an eligible bidder under government contract criteria and to compete successfully against other qualified bidders; risks associated with cost over-runs, operating cost inflation and potential claims for liquidated damages, particularly with respect to our fixed cost contracts; the timing of our performance on contracts; significant liabilities that could be imposed were we to fail to comply with government contracting regulations; risks related to international dredging operations, including instability and declining relationships amongst certain governments in the Middle East and the impact this may have on infrastructure investment, asset value of such operations, and local licensing, permitting and royalty issues; increased cost of certain material used in our operations due to newly imposed tariffs; a significant negative change to large, single customer contracts from which a significant portion of our international revenue is derived; changes in previous-recorded net revenue and profit as a result of the significant estimates made in connection with our methods of accounting for recognizing revenue; consequences of any lapse in disclosure controls and procedures or internal control over financial reporting; changes in the amount of our estimated backlog; our ability to obtain bonding or letters of credit and risks associated with draws by the surety on outstanding bonds or calls by the beneficiary on outstanding letters of credit; increasing costs to operate and maintain aging vessels; equipment or mechanical failures; acquisition integration and consolidation risks; liabilities related to our historical demolition business; impacts of legal and regulatory proceedings; unforeseen delays and cost overruns related to the construction of new vessels, including potential mechanical and engineering issues; our becoming liable for the obligations of joint ventures, partners and subcontractors; capital and operational costs due to environmental regulations; unionized labor force work stoppages; maintaining an adequate level of insurance coverage; information technology security breaches; our substantial amount of indebtedness; restrictions imposed by financing covenants; the impact of adverse capital and credit market conditions; limitations on our hedging strategy imposed by statutory and regulatory requirements for derivative transactions; foreign exchange risks; changes in macroeconomic indicators and the overall business climate; and losses attributable to our investments in privately financed projects. For additional information on these and other risks and uncertainties, please see Item 1A. “Risk Factors” of Great Lakes’ Annual Report on Form 10-K for the year ended December 31, 2019, Item 1A. “Risk Factors” of Great Lakes’ Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, in Item 1A.”Risk Factors” of this Quarterly Report on Form 10-Q and in other securities filings by Great Lakes with the SEC.

Although Great Lakes believes that its plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, actual results could differ materially from a projection or assumption in any forward-looking statements. Great Lakes’ future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The forward-looking statements contained in this press release are made only as of the date hereof and Great Lakes does not have or undertake any obligation to update or revise any forward-looking statements whether as a result of new information, subsequent events or otherwise, unless otherwise required by law.

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SOURCE Great Lakes Dredge & Dock Corporation

DS Smith to Launch Virus Resistant Packaging

DS Smith to Launch Virus Resistant Packaging

Packaging provider partnership to develop antimicrobial coating at scale to give consumers additional safeguards

ATLANTA–(BUSINESS WIRE)–
DS Smith, the leading sustainable packaging company, announced today an exclusive partnership with the company Touchguard to develop a new range of sustainable cardboard packaging to protect consumers against potentially harmful bacteria.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201203005132/en/

DS Smith's new virus resistant packaging. (Photo: DS Smith)

DS Smith’s new virus resistant packaging. (Photo: DS Smith)

While there is no evidence of virus transfer from cardboard, Touchguard’s patented technology is effective against a number of bacteria and viruses, including envelope viruses, of which COVID-19 is a member. The coating can be applied at scale across a range of applications, providing an additional layer of protection for consumers and workers throughout the supply chain.

Recent surveys by DS Smith have found growing retail and consumer interest in products with hygienic packaging, especially amid the pandemic that has boosted e-commerce nationwide and increased demand for shipping boxes.

The product has not been tested on COVID-19 cultures at this stage, but on feline coronavirus, part of the same family of viruses as COVID-19 in which its outermost layer and spikes attach and replicate to host cells. Touchguard disrupts the envelope to prevent the virus from replicating, effectively mitigating the risk of person-to-person transfer.

It has a proven kill rate of 99.5% in under 15 minutes on bacteria types and envelope viruses and eliminates the risk of person-to-person transfer of infections, such as MRSA and E. coli.

“While it can never replace good hygiene best practices and procedures, this 100% recyclable technology has the potential to bring a real and proven additional layer of protection to our customers and their consumers as packaging moves through the supply chain. This partnership with Touchguard enables us to innovate while maintaining the sustainability of our products,” said Melanie Galloway, vice president of sales, marketing, and innovation for Packaging at DS Smith North America.

DS Smith is looking to use the technology across its operations in North America and Europe. As more shoppers flock online for their holiday shopping, this proven technology will further build consumers’ confidence around handling packaging in their homes.

“Our partnership with DS Smith provides us with an opportunity to bring our patented Touchguard technology to the market at scale through its sustainable packaging offer. With its manufacturing reach across Europe and the U.S. and an extensive e-commerce and fast-moving consumer goods customer base, we will be able to offer a range of solutions to support changing consumer habits,” said Julian Dugdale, the inventor and CEO of Touchguard, based in the UK.

The new range promises to support the sustainable packaging market with potential scope across a variety of areas, including e-commerce and food packaging, while still being 100% recyclable. The Touchguard coating and packaging will hold certification to AATCC100 (MOD), ISO18184:2019 (MOD) and complies with BfR36 recommendations for food-contact materials.

As part of its recently launched “Now and Next Sustainability Strategy,” DS Smith has committed to closing the loop through better design and by 2023, it will manufacture 100% reusable or recyclable packaging.

About DS Smith

DS Smith is a leading provider of corrugated packaging worldwide, supported by recycling and papermaking operations. A member of the FTSE 100, DS Smith focuses on creating innovative and sustainable packaging solutions, using a closed-loop recycling model – in which paper and corrugated is collected, recycled and then used again to make packaging materials. North American operations are headquartered in Atlanta, with 15 manufacturing, paper and recycling facilities, totalling more than 2,000 employees. Using the combined expertise of its divisions – including Packaging, Recycling, Paper – DS Smith works with customers to develop solutions that reduce complexity and deliver results throughout the supply chain.

Mindy Myrick, Head of Corporate Affairs

[email protected] / +1 410-251-9570

Caroline Curran, Hill+Knowlton Strategies

[email protected] / +1 256-653-5811

KEYWORDS: United States North America Georgia

INDUSTRY KEYWORDS: Supply Chain Management Packaging Retail Health Infectious Diseases Manufacturing

MEDIA:

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DS Smith’s new virus resistant packaging. (Photo: DS Smith)
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Sectra Signs Enterprise Imaging Contract at Dayton Children’s Hospital

PR Newswire

SHELTON, Conn., Dec. 3, 2020 /PRNewswire/ — International medical imaging IT and cybersecurity company Sectra (STO: SECT-B) will provide its enterprise imaging solution to Dayton Children’s Hospital. They will utilize the platform’s radiology and cardiology modules as well as the multi-media archive VNA, to store all medical images throughout the health system. This unified imaging platform, tightly integrated with Epic Radiant, will provide all caregivers a full patient overview regardless of their reading location.

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Dayton Children’s is a teaching hospital providing primary and subspecialty ambulatory and acute inpatient care for Dayton, Ohio, and its 20-county service area. In addition to its 181-bed main campus hospital, it has 12 outpatient locations providing emergent, urgent, and routine care.

The contract, signed in October, provides enterprise imaging as a subscription service (Sectra One). This will allow Dayton Children’s the ability to easily expand into other specialties and gain access to new functionality, as it becomes available. Acquiring enterprise imaging as a subscription provides a more efficient way of scaling the system as volumes grow. 

“I am happy to welcome Dayton Children’s as a Sectra One customer. Their goal of eliminating silos and creating a unified imaging platform aligns well with Sectra’s enterprise functionality. Patients and providers will have access to a complete electronic health record,” says Anthony Grise, Vice President of Sales at Sectra, Inc.

Sectra’s enterprise imaging solution provides a complete and robust system armed with efficient and accurate clinical tools, proven to boost productivity and improve collaboration. The scalable and modular solution, with a VNA at its core, allows healthcare providers to grow from ology to ology and from enterprise to enterprise. The offering includes a module for full-scale digital pathology, which received FDA approval in the US in March 2020.

Epic and Radiant are registered trademarks of Epic Systems Corporation.

About Sectra

With more than 30 years of innovation and approaching 2,000 installations worldwide, Sectra is a leading global provider of imaging IT solutions that support healthcare in achieving patient-centric care. Sectra offers an enterprise imaging solution comprising PACS for imaging-intense departments (radiology, pathology, cardiology, orthopedics), VNA, and share and collaborate solutions. Read more about Sectra and why Sectra PACS is “Best in KLAS” at medical.sectra.com/.

Contact: 

Andrea Sowitch, Vice President of Marketing Sectra, Inc., [email protected], 203 925 0899 ext. 268

Torbjörn Kronander, President and CEO Sectra AB, [email protected], +46 705 23 5227 

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SOURCE Sectra

Lake of the Woods District Hospital Prepares for Future Smart Hospital with Vocera Solutions

Lake of the Woods District Hospital Prepares for Future Smart Hospital with Vocera Solutions

Hands-free communication is essential for care teams during COVID-19 and beyond

SAN JOSE, Calif.–(BUSINESS WIRE)–Vocera Communications, Inc. (NYSE:VCRA), a recognized leader in clinical communication and workflow solutions, today announced that Lake of the Woods District Hospital (LWDH) in Kenora, Ontario is deploying intelligent communication solutions from Vocera to help protect and connect care teams now and beyond COVID-19. LWDH is in the midst of redevelopment (the All Nations Hospital Project) with planning partner Kenora Chiefs Advisory, which will serve residents of Kenora and a large surrounding area that includes several First Nations communities. This new hospital will be built on a strong digital foundation.

Strategic planning for the new facility includeshardwiring best practices and proven technologies in the existing hospital to ensure the planned smart hospital has the best services and solutions when the doors open in a few years. Among those solutions are the wearable, voice-controlled Vocera Smartbadge and the Vocera Vina smartphone application. Powered by the Vocera Platform, these mobile solutions enable healthcare workers to connect and communicate with simple voice commands, send and receive secure messages, and manage patient-centric alert notifications.

“As we look forward to building a new hospital, we want to make sure we already have a reliable and secure communication system embedded into our clinical workflows and ecosystem. We are installing the Vocera Platform in our current operations so when we move to the new building, we are ready to go from day one,” said Cheryl O’Flaherty, Chief Financial Officer at LWDH, which has been caring for people for more than 120 years. “We need a smart, future-proof communication system that can improve operational efficiencies, elevate patient care and safety, and help protect clinician and staff well-being.”

With the Vocera communication and collaboration platform, care team members can choose the right device for their role or task. When it comes to caring for patients with COVID-19, hands-free communication is essential. The Smartbadge can be worn and used under personal protective equipment (PPE), empowering clinicians to connect quickly and safely. Additionally, the dedicated panic button on the device makes it easy to get help fast and discreetly.

“Without the Smartbadge, a nurse working in an isolation room needing supplies or assistance would have to leave the patient, go to an ante room, remove PPE, wash her hands, get the needed help or resources, return to the ante room, and don more PPE,” said Chantal Tycholiz, Manager of the Emergency Department at LWDH. “The Vocera solution saves valuable time and resources, enables clinicians to stay close to the bedside, and helps reduce their risk of self-contamination.”

A future integration between the Vocera solutions and the hospital’s nurse call system will enable patients to connect directly with their care team members, helping improve staff response times, patient safety and satisfaction. The Vocera Platform integrates with more than 150 clinical and operational systems, including electronic health records, (EHRs), physiologic monitors, ventilators, and real-time location systems.

“Vocera is proud to support Lake of the Woods District Hospital and its mission to build a fully-integrated smart hospital of the future,” said Brent Lang, President and CEO of Vocera. “We hope our recent partnership with the Northern Supply Chain procurement group will help pave the way for other hospitals in the province to secure communication solutions that can help improve the lives of patient, families and front-line healthcare workers.”

About Vocera

The mission of Vocera Communications, Inc. is to simplify and improve the lives of healthcare professionals, patients, and families while enabling hospitals to enhance quality of care and operational efficiency and humanize the healthcare experience. In 2000, when the company was founded, we began to forever change the way care teams communicate. Today, Vocera offers the leading platform for improving clinical communication and workflow. More than 2,100 facilities worldwide, including nearly 1,700 hospitals and healthcare facilities, have selected our solutions. Care team members use our solutions to communicate and collaborate with co-workers by securely texting or calling, and to be notified of important alerts and alarms. They can choose the right device for their role or task, including smartphones or our hands-free, wearable Vocera Smartbadge and Vocera Badge. They can create a richer, more human connection for patients and their loved ones before, during, and after care using Vocera Ease applications. Interoperability between the Vocera Platform and more than 150 clinical and operational systems helps reduce alarm fatigue; speed up staff response times; and improve patient care, safety, and experience. In addition to healthcare, Vocera solutions are found in luxury hotels, aged care facilities, retail stores, schools, power facilities, libraries, and more. Vocera solutions make mobile workers safer and more effective by enabling them to connect instantly with other people and access resources or information quickly. Vocera has made the list of Forbes 100 Most Trustworthy Companies in America, and the Vocera Smartbadge was named to TIME’s list of the 100 Best Inventions of 2020. Learn more at www.vocera.com, and follow @VoceraComm and @VoceraEase on Twitter.

Vocera® and the Vocera logo are trademarks of Vocera Communications, Inc. registered in the United States and other jurisdictions. All other trademarks appearing in this release are the property of their respective owners.

John Elias

Vocera Communications, Inc

416 899-4976

[email protected]

Charlene Kissick

Lake of the Woods District Hospital

807 468 9861, ext 2599

[email protected]

KEYWORDS: California United States North America Canada

INDUSTRY KEYWORDS: Technology Other Health Health General Health Other Technology Telecommunications Software Hospitals VoIP Mobile/Wireless Hardware

MEDIA:

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S. Korea’s KT Corp. Launches IPTV Service in Thailand

– First S. Korean Telecommunications Service Provider to Export Commercial IPTV Service to Thailand –

– From Korea’s Top IPTV Provider, KT Expects to Lead Global IPTV Business –

PR Newswire

SEOUL, South Korea, Dec. 3, 2020 /PRNewswire/ — KT Corporation (KRX: 030200; NYSE: KT), South Korea’s largest telecommunications company, announced its IPTV service successfully exported globally for the first time to 3BB TV Co. Ltd. of Thailand.

3BB TV, an affiliate of Jasmine Group will combine its ultra-speed Triple T Broadband internet connection with the IPTV service. With the combination, the Jasmine Group expects to become Thailand’s No. 1 telecom operator.

For the launch of 3BB’s new IPTV service, KT enabled the Thai company to cover all areas of an IPTV operation. KT provided its olleh TV platform and technology, which include IPTV and OTT solutions, technologies for optimal content-delivery network, advertisement and channel-suggestion services, and end-to-end quality management.

“This project is a new model of cooperation between KT and global partners specializing in media solutions, set-top box technology and other media business areas,” said Park Yoon-Young, president of KT’s Enterprise Business Group. “Riding on its success in Thailand, KT will be able to expand its IPTV business to other Southeast Asian countries and further around the world.”

KT signed a comprehensive IPTV consulting agreement with Triple T Broadband in August last year. Both Triple T Broadband and 3BB TV are affiliates of Jasmine Group/Jasmine International Public Company Limited, a Thai provider of Internet services with ultra-high speed.

Despite the COVID-19 pandemic constraints, KT completed the project without a significant delay. Amid international travel restrictions, KT and its 11 business partners conducted video conferences and used remote control technology for market research and consulting services, platform development, and system tests.

“We launched our 3BB GIGATV service after consulting and development cooperation over 15 months since the signing of a memorandum of understanding,” said Subhoj Sunyabhisithkul, president of 3BB TV. “3BB GIGATV will provide a differentiated and innovative service, laying the foundation for sustainable growth in the Thai media market.”

Based on market research findings, new TV service functions were tailored to the local conditions. Given that most Thai families have more than four members, 3BB GIGATV provides up to six IDs for individual use on each TV. Also, Thailand customers can experience contents in optimal service environment.

In addition, a user-friendly UI enables 3BB GIGATV subscribers to shift to HBO or other OTT services without additional login. This is to meet the needs of Thai viewers who generally tend to subscribe to several OTT streaming services.

KT expects its experience in operating olleh TV will help enable 3BB TV to provide dependable service. With 8.5 million subscribers, olleh TV has the largest IPTV subscriber base in South Korea.

KT’s media operation center in Seoul will remotely oversee 3BB’s service and support its system management. KT is planning to expand its role into that of a managed service provider in the days ahead.

KT plans to leverage its export of IPTV platform and technology to Thailand amid the pandemic situation of its global outreach, taking momentum from the growth of global media industry as well as its own extensive contactless collaboration with global business partners.

KT is also consolidating its position in the global market as a leading digital platform provider and is honing its competitive edge based on its capabilities in ABC – Artificial Intelligence (AI), Big Data and Cloud. It recently built a smart energy platform in Uzbekistan, and is gearing up for development of AI content curation and cloud-based video on demand, among other state-of-the-art services.


MEDIA CONTACTS

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ABOUT KT CORPORATION (KRX: 030200; NYSE: KT)

KT Corp., Korea’s largest telecommunications service provider, is leading the new era of innovations in one of the world’s most connected countries with 5G, Big Data, Cloud, IoT, Blockchain and other transformative technologies. KT launched the world’s first nationwide commercial 5G network in April 2019, after showcasing the first trial 5G services at the PyeongChang Winter Olympic Games in February 2018. To help cope with COVID-19, KT is staging a social campaign, dubbed “Ma-Eum:TACT (Heart to Heart),” providing technology supports for people and businesses in need. KT will deliver most essential and innovative services and solutions to its customers around the world as the first frontier in the next technology revolution and number one Global ICT Company.

For more information, please visit our English website at https://corp.kt.com/eng/

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SOURCE KT Corp.