GMAC Launches Official GMAT™ Exam Chinese Microsite

New website aims to better serve prospective students from the region pursuing a graduate business degree

RESTON, Va., May 26, 2021 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC™), the leading global association of business schools and administrator of the Graduate Management Admission Test™ (GMAT™), today announced the launch of the official GMATTM exam Chinese website, GMAT.com.cn. As the most widely used exam for graduate business school admissions and accepted by more than 7,000 graduate business programs worldwide, GMAT has been a leading assessment tool among the vast pool of talents in the greater China region for more than six decades.

Recognizing the growing interest in graduate management education (GME), GMAC established the microsite for prospective students from the region to access accurate, comprehensive, and authoritative information about the GMAT and GME in their native language more readily and comfortably. Through the localized and targeted content, the GMAT Chinese website, along with GMAT’s official WeChat account that went live earlier this year, provide the critical digital platforms to create and strengthen the connection between Chinese-speaking talents and the world’s leading business schools in the region and beyond, and filling an information gap in the market.

“China has over the years grown into the second largest region for GMAT, after only the United States,” said Sangeet Chowfla, president and CEO of GMAC. “As vaccines become more widely available and hope for economic recovery begins to take root, we expect to see more mobility and look forward to more Chinese students starting and returning to their journey of graduate business education in their own country or abroad, benefiting from the new Chinese-language platforms we are offering today.”

According to GMAC’s 2021 mba.com Prospective Students Survey Report published in March, the level of concern about the impact of COVID-19 has been declining over time. Specifically, the proportion of Chinese respondents reporting that they are extremely or very concerned has dropped from 71 percent in July 2020 to 48 percent in November last year. The report also found that the Chinese respondents planning to pursue an MBA outside their country are not changing their original plans despite the pandemic, with 89 percent planning to pursue their MBA in the United States and 55 percent in the United Kingdom, making these two countries their top destinations of consideration.

“The interest in and desire of Chinese business talents to pursue graduate management studies have not declined but only been put on hold,” said Yuan Ding, vice president and dean of CEIBS and a board director of GMAC. “The official GMAT Chinese website will help connect Chinese business talents all over the world with global business schools and leave no talents undiscovered.”

More than seven million candidates on their business master’s or MBA journey visited mba.com ― GMAC’s flagship graduate education resource and information portal ― to explore business school options, prepare and register for exams, and get advice on the admissions process. GMAC is committed to supporting the goals of Chinese prospective students who wish to prepare and register for the GMAT exam.

About GMAC

The Graduate Management Admission Council™ (GMAC™) is a mission-driven association of leading graduate business schools worldwide. Founded in 1953, GMAC creates solutions and experiences that enable business schools and candidates to better discover, evaluate, and connect with each other.

GMAC™ provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as tools, resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment. GMAC™ also owns and administers the NMAT by GMAC™ (NMAT™) exam and the Executive Assessment (EA). BusinessBecause and The MBA Tour are subsidiaries of GMAC™, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:
Teresa Hsu
Sr. Manager, Media Relations
202-390-4180 (mobile)
thsu@gmac.com

Sea Electric Extends Worldwide Presence With Increased Global Management Team and Strong Showing at Brisbane Truck Show

First Public Viewing of Full Range of SEA Electric-branded Trucks Sets Framework for Company’s Growth in Global Electrification

SEA Electric at 2021 Brisbane Truck Show

The first-ever public appearance of the SEA Electric full range of operational-ready trucks was displayed at the 2021 Brisbane Truck Show — with the entire suite ranging from 4.5-tonne car licence through to 22.5-tonne three-axle rigids.

LOS ANGELES, May 26, 2021 (GLOBE NEWSWIRE) — The recent Brisbane Truck Show (May 13-16, Brisbane Convention & Exhibition Centre, South Brisbane, Australia) held a significant presence for global automotive technology company SEA Electric, showcasing the first-ever public appearance of a full range of operational-ready electric trucks utilizing proprietary SEA-Drive® power systems, new SEA Electric branding, and the announcement of senior global leadership taking the company’s helm throughout the Asia Pacific region.

The appointment of Bill Gillespie, president of Asia Pacific, and promotion of Glen Walker to vice president of Asia Pacific, bring a wealth of international transport industry and electric vehicle expertise to the region during a time of growth for SEA Electric worldwide. Following a recent US $42 million investment, SEA Electric is bringing electrification solutions and opportunities to nearly every corner of the globe, and in the United States it has added further assembly capacity, creating the current potential for approximately 60,000 units per annum. Further U.S. assembly, including in the area of batteries, is expected in the near future.

According to SEA Electric President and Founder Tony Fairweather, SEA Electric has not only created a low-cost delivery solution, but equally meaningful it has developed a medium voltage/lightweight power system with performance outcomes that exceed the internal combustion engine equivalent. “Our own SEA-badged trucks – including the SEA 300 and SEA 500 in Australia – are derived from OEM Semi Knock-Down kits, creating further efficiencies to pass on to our customer base whilst supporting rapid OEM expansion into this segment,” said Fairweather.

Gillespie’s new leadership role allows him to build upon the company’s momentum, which continues to expand on a worldwide basis. “The product showcased in Brisbane sets the framework for SEA Electric to seamlessly fold into OEM dealerships and fleets, bringing forth both new and repowered electrification options,” said Gillespie. The current three medium-size EV truck models are sold through a dozen authorized dealers in Australia, while more than 220 U.S. dealers are available to support the North American market needs.

SKD Assembly Provides Solutions Efficiency
Walker further explained the commercial arrangement as a Semi Knock Down (SKD) Assembly Operation – creating SKD ‘Glider’ kits – a first-of-its-kind three-way process that begins with the cab,

frame rails, wheels and axle components arriving in Australia, within containers from Japan, and upon arrival being assembled to provide a rolling chassis to support the appropriate proprietary SEA-Drive® power-system to create a completely assembled SEA Electric-branded vehicle. The vehicles are then ready for distribution.

But it is their SKD assembly operation’s efficiency that creates a real game-changer for SEA Electric and facilitates the solutions and productivity the company can provide. With consistency of assembly, and a process that provides multiple efficiencies, there becomes very little waste, often eliminating extra componentry that previously would have been discarded in other retrofitting processes.

“Our agreements in the U.S. go one step further,” said Walker. “We are utilizing SKD and local glider assembly to set the benchmark for ongoing programs in North America and other SEA Electric markets around the world.” As an example, when containers in the United States arrive for SKD assembly, all electrification is then performed by authorized upfitters, solely using SEA-Drive® power-system technology and branding. The process of building the trucks from SKD kits or glider chassis provides multiple advantages over the retrofit option, including lower cost, quicker build times, and less waste.

Bill Gillespie, President of SEA Electric Asia Pacific

Bill Gillespie joins SEA Electric as President, Asia Pacific, bringing a wealth of international transit industry and electric vehicle expertise to the region during a time of growth for SEA Electric worldwide.

The North American market, which recently became the new home for SEA Electric’s California-based headquarters, has the largest capability for upfitting capacity at 60,000 units annually. The addition of a Des Moines Technical Center and planned offices in Chicago, Brooklyn, and Miami before August this year represents SEA Electric’s commitment to the market.

With available volume and an ambitious capability to assemble the company’s SEA-Drive® technology, SEA Electric provides immediate and cost-efficient solutions that can be easily scaled to meet the needs for any fleet – whether new or existing delivery vehicles in need of new EV drive capabilities. The electrification of the yellow school bus industry is also in high demand in the United States.

Perhaps the most important business growth aspect of SKD kit and OEM glider assembly is the ability for the SEA Electric vehicle range to be available from a dealer network that provides complete sales, warranty, and service support.

SEA-Drive®

SEA Electric’s proprietary SEA-Drive® electrification technology adapts to a large range of OEM truck and commercial vehicle platforms and has been proven in the field with millions of real-driving miles to date.

SEA-Drive® Power-Systems
SEA Electric’s proprietary SEA-Drive® power-systems come in a variety of configurations for all-electric models with a GVM range of 4.5t through to 26t (i.e., 9,990 lbs. to 57,500 lbs. GVWR). Each are designed for 3,000 charge cycles based on a full overnight charge, if applied five days per week, and can result in optimum performance for 10 years.

The Brisbane Truck Show highlighted five new SEA-Electric-branded truck models, including the launch of the SEA 300-45 EV and the SEA 300-85 EV. Both models are fully ADR compliant and assembled in Melbourne for Australian distribution.

The Future for SEA Electric
While SEA Electric’s roots originate in Australia, along with various manufacturing and technology capabilities, the company’s North American growth brings a business model that can be replicated in Europe, as well. Current U.S. upfitting facility locations include Illinois, Michigan, North Carolina, Indiana, and California.

SEA Electric SEA M5 EV

The SEA M5 EV Vehicle chassis shown in this urban delivery truck utilizes SEA Electric’s proprietary SEA-Drive® powertrain platform for Class 5 vehicles. The unit carries a 5-year warranty on batteries and a system warranty of 3 years or 50,000 miles.

On the heels of its recent US $42 million equity financing announcement, SEA Electric also closed its latest purchase of 1,000 electric vehicle batteries from long-time technology partner Soundon New

Energy Technology. This important transaction supports SEA Electric’s proprietary SEA-Drive® 70, 100, and 120 major power-system models. While most of the initial units are slated for the United States, the balance will go to SEA Electric inventories in Australia, New Zealand, and Southeast Asia, as well as the company’s first entry into the European market.

About SEA Electric
Global automotive technology company SEA Electric was founded in Australia in 2012, creating its proprietary electric power-system technology (known as SEA-Drive®) for the world’s urban delivery and distribution fleets, as well as front powered school bus applications.

Glen Walker, SEA Electric Vice President, Asia Pacific

As Vice President Asia Pacific for SEA Electric, Glen Walker leads the APAC operational activities for the company, with nearly two decades of experience within the automotive and transport sectors in Australia.

Widely recognized as a market leader in the electrification of commercial vehicles on a global basis, SEA Electric commands a global presence, deploying product in six countries including USA, Australia, New Zealand, Thailand, Indonesia, and South Africa with collectively more than one million miles of independently OEM-tested and in-service international operation.

The company’s global sales, after-sales and engineering are represented in all subsidiaries, whilst North America, home to the company’s headquarters, has the largest upfitting capacity for SEA Electric at 60,000 units per year.

PRESS RELEASE DOWNLOADS
Please follow this link to download this press release and HIGH RESOLUTION versions of our accompanying SEA Electric images and other supporting editorial assets.

https://www.dropbox.com/sh/dqt5opk580rf4em/AAB2vfLr9s2UsePMwcKqSsMTa?dl=0

Contact: Deb Pollack/Strategic Communications

(t) 805.320.9248 (e) deb@debpollack.com

Photos accompanying this announcement are available at:
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UAE calls on the global community to join efforts to instill and maintain human dignity through storytelling

Dignified Storytelling
Bangladesh – Nomita Mondal watering mangrove saplings in Pachim Dhangmari, adjacent to Sundarbans Mangrove Forest, Banishanta, Dacope, Khulna, Bangladesh. Credit: BEDS
Dignified Storytelling
Ethiopia – A #SecondChance student in rural Ethiopia reads and does homework at home by candlelight. Credit: Luminos Fund
Dignified Storytelling
Guatemala – Adolescent girl student eager to take part in class as part of a bigger program that is set to elevate the voice and opportunities of adolescent girls in Guatemala, Nicaragua and Honduras. Credit: Global Fund for Children
Dignified Storytelling
Liberia – Mary, a #SecondChance student in @LuminosFund’s Liberia program, smiles alongside her classmates prior to the pandemic. Luminos has helped 152,051 out-of-school children experience joyful learning and catch up. Today, Luminos classrooms in Liberia have reopened safely. Credit: Luminos Fund
Dignified Storytelling
Pakistan – The Citizens Foundation (TCF) students in a school playground in Qayyumabad, Karachi, Pakistan. Credit: TCF/Zoral Naik
Dignified Storytelling
Rwanda – A group of students representing the student business club within their school community in Rwanda as part of the “Educate!” program. Credit: Educate!
Dignified Storytelling
Tanzania – A chef pauses from his work at the campsite in Lake Natron, Tanzania. Photographer: Nicola Bailey
  • Dignified Storytelling, an initiative led by Dubai Cares, Expo 2020 Dubai and UAE MOFAIC, upholds the UAE’s vision of furthering human dignity around the world
  • Dignified Storytelling Forum to take place on 10 December 2021 at Expo 2020 Dubai, the first World Expo to be held in the MEASA region

DUBAI, United Arab Emirates, May 25, 2021 (GLOBE NEWSWIRE) — Dubai Cares, Expo 2020 Dubai and the UAE Ministry of Foreign Affairs & International Cooperation (MoFAIC) have come together to launch Dignified Storytelling, an initiative with an aim of creating an ecosystem that fosters a shared understanding and practice of storytelling that maintains and upholds the dignity of all persons and contributes to the Sustainable Development Goals (SDGs).

Today, thousands of stories are being told regardless of who tells them and how they are told. Many of these stories lack authenticity, transparency, or are driven by ulterior motives which serve a predetermined narrative. These are just some of the few obstacles that get in the way of honest, wholesome and dignified storytelling within development and humanitarian contexts. In order for a piece – be it visual, written or spoken – to reach an audience, it goes through a long process of filtration, revising and editing that sometimes alters the original content and makes it almost fictional. This in turn, ends up painting the wrong picture of the contributors who oftentimes are not aware of where their stories, visual or written, will be displayed and to what purpose will they be used.

Dignified Storytelling was born out of the need to unite the voices of content makers, editors, journalists, photographers, filmmakers, storytellers, and contributors and equip them with the awareness and hands-on knowledge that will enable them to capture moments and tell stories without compromising human dignity. In order to fulfill this need, Dignified Storytelling kickstarted global consultations a year ago, to solicit cross-sectoral perspectives on storytelling within development and humanitarian contexts, as well as set and agree on the Dignified Storytelling Principles that today serve as guidance and an advocacy tool for bringing together various stakeholders from around the world to form a global movement that will be a game changer in maintaining and promoting human dignity through storytelling.

These foundational principles are also guiding the consultative development of an accessible and practical Dignified Storytelling Handbook which provides ‘how-to’ guidance and concrete best practice case studies. Cross-sectoral perspectives and insights from a diverse group of storytellers and experienced stakeholders from governments, UN agencies, international and local NGOs, and civil society are currently informing this valuable framework and resource.

To truly embed Dignified Storytelling in the day-to-day policies and practices among international development agencies and various storytellers within the development and humanitarian sectors, Dubai Cares, Expo 2020 Dubai and UAE MoFAIC have established a Dignified Storytelling Alliance. The Alliance is a network of champions that provides advocacy, in-kind support, and input on program deliverables. Representation in the Alliance includes a deliberately diverse range of viewpoints from organizations, individuals and governments who are able to share best practices from their on-the-ground experiences within a range of development contexts.

Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General, Expo 2020 Dubai, remarked: “At a time when it is needed most, Expo 2020 will bring the world together in a spirit of hope and optimism, building bridges and inspiring action towards a brighter future for us all. This will be the ideal setting for strengthening Dignified Storytelling as we join our resources to reinforce the highest standards and increase the impact of those stories we choose to share with the world. The initiative also reflects the UAE’s commitment to advancing responsible storytelling for the greater good of humankind, and its central role in international humanitarian and development efforts more widely.”

Stressing on the importance of storytelling in the development context, Dr. Tariq Al Gurg, Chief Executive Officer at Dubai Cares and Member of its Board of Directors, said: “Storytelling is a powerful communication tool in both development and humanitarian settings. Stories, both visual and written, provide an avenue for understanding different perspectives and can be an impetus for action. This is why it is important for us as a global community to tackle irresponsible storytelling, a practice that has been left unaddressed for far too long, which I believe is rooted in the absence of widely available and comprehensive guidance on how to best tell stories that maintain the dignity of all persons. I invite all storytellers, governments, agencies, and civil society to join us in this effort to instill an understanding and practice of storytelling that brings us together and reminds us of our shared humanity.”

The initiative will include the Dignified Storytelling Forum, taking place at Expo 2020 Dubai on 10 December 2021 as part of the six-month mega-event. The Forum will serve as a powerful platform for key stakeholders – including members of civil society organizations, governments, the private sector, and international agencies as well as advocates, activists, and storytellers – to come together and collectively agree on a way forward in validating, adopting and integrating the Dignified Storytelling Principles. This will be achieved through a series of plenaries and an exhibition showcasing best practices in Dignified Storytelling, as well as side events including a press conference.

The Forum is part of Expo 2020’s rich calendar of specialist programming, which reflects and celebrates the spirit of Dignified Storytelling all throughout. Encompassing cultural, social, economic, environmental and UAE-based themes, the program series has been curated in close collaboration with UAE entities, International Participants, Non-Official Participants, International Organisations and Commercial Partners and and seeks to garner solidarity around global challenges, spotlight areas of mutual interest and importance, and ensure the emergence of a meaningful legacy at the national, regional and international level.

Over the longer-term, Dignified Storytelling will create an environment of positivity that strengthens long-term relationships between the public, private, development and humanitarian sectors by placing dignified and ethical storytelling at the epicenter of knowledge sharing, stakeholder engagement, and capacity development to inspire and inform storytellers. To achieve this, the UAE calls on global stakeholders and partners to become advocates for this pivotal initiative by pledging towards the ten principles of Dignified Storytelling. 

About Dubai Cares: 

Since its inception in 2007, Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, has been working towards providing children and youth in developing countries with access to quality education through the design and funding of programs that aim to be impactful, sustainable and scalable. To date, the UAE-based global philanthropic organization has successfully launched education programs reaching over 20 million beneficiaries in 60 developing countries.

Contact:
Makram Bou Kheir
makram.boukheir@dubaicares.ae
+971509345854

Photos accompanying this announcement are available at
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WHR Group Releases Employee Relocation Benchmark Results

MILWAUKEE, Wis., May 25, 2021 (GLOBE NEWSWIRE) — WHR Group, Inc. (WHR), a leader in the global employee relocation industry, conducted a Global Mobility Benchmark study surveying some of the largest U.S. companies from a variety of industries. Findings shed light on how companies have changed their employee relocation policies, even during 2020 and a pandemic. Respondents included corporate staff working in HR, mobility management; talent management; and benefits and compensation departments. Some findings include the following:

  • Relocation benefits are still going strong even with the COVID-19 pandemic.
  • 85% of companies offer some type of home sale benefit to transferees.
  • 67% of respondents have experienced a talent shortage but include their mobility program in candidate recruitment strategies.
  • Lump sum benefits are trending but often used as a complement to basic relocation benefits versus a standalone benefit package.

Over 57% surveyed have an international relocation program, and 88% have expatriate or international permanent transfer policies. Over 50% found immigration laws to be the most challenging part of international relocations with Africa and Asia reported as the most challenging. For Africa, immigration laws and political climate were reported as creating the greatest challenges. For Asia, immigration laws and language barrier created the greatest challenges. Temporary housing; destination services and settling in; household goods; Visa and immigration assistance; and tax assistance are considered core benefits for international transfers and assignments.

Of the 68.5% offering destination closing costs, 76.5% don’t cap this benefit, even though capping the support is a way to control organizational costs. Most companies reported creating benefit packages based on the average transferee, not always considering individual cultures and family dynamics. This can lead to policy exception requests by employees.

Download WHR’s Complete Benchmark Report.

About WHR Group, Inc.
WHR is a privately owned, client-driven global employee relocation management company distinguished by best-in-class service delivery and cutting-edge, proprietary technology. WHR has offices in Milwaukee, Wis., Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to position itself as the trusted provider in global employee relocation. http://www.whrg.com,  LinkedInTwitter and Facebook.

Media Contact: Mindy Stroiman, Corporate Writer
Mindy.Stroiman@whrg.com
262-523-7510

Blue California Opens New Possibilities in Functional Food and Beverages Following Dihydroquercetin (DHQ) GRAS Status

Rancho Santa Margarita, Calif., May 25, 2021 (GLOBE NEWSWIRE) — Blue California’s Taxifolin BC-DHQ® with super antioxidant and anti-inflammatory properties is now Generally Recognized As Safe (GRAS) in a range of foods and beverages following a letter of no objection from the US Food and Drug Administration (FDA).

Naturally found in a variety of fruits and vegetables, Dihydroquercetin (DHQ), also known as taxifolin, is a flavonoid commonly found in apples, olive oil and red onions. As a flavonoid, taxifolin possesses powerful antioxidant and anti-inflammatory properties that may support immune health.

“This GRAS status is good news for consumers and brands alike, because it opens new doors for brands to create products that will excite health-conscious consumers,” said Dr. Linda May-Zhang, research, science and innovation officer at Blue California. “DHQ is a powerful antioxidant that has a greater antioxidant capacity when compared to vitamin C, and it is ideal in a variety of on-trend food applications, including beverages, yogurt and chocolate products.”

Health-conscious consumers are actively exploring new functional food and beverages for supporting immune health and wellness. Immune health will remain a top priority for consumers as 64% of global consumers are looking to improve their immunity over the next 12 months, reported by FMCG Gurus, Top Ten Trends for 2021, Dec. 2020.

DHQ seeks and neutralizes free radicals in the body, and its unique molecular structure makes it especially effective at preventing cellular damage. It can also play an important role in skin health since it protects cells and stimulates collagen and elastin production in the skin.

“Taxifolin BC-DHQ has much to offer as a powerful antioxidant in food and beverages as it provides improved color stability for beverages, extends shelf life, and enhances flavor,” said May-Zhang. “Not only is DHQ regarded as a promising ingredient to immune health, it may also be used in cosmetic applications for anti-aging and UV-protection.”

Blue California offers food and beverage manufacturers its high purity Taxifolin BC-DHQ made by a sustainable process. Innovation partner Conagen developed a clean, reliable, and scalable DHQ using its proprietary bioconversion process, resulting in a sustainable production method.

“Conagen is unlocking novel compounds from nature which are more sustainable and offer better options for ingredient applications, said Dr. Casey Lippmeier, vice president of innovation at Conagen. “Our ability to rapidly scale-up and commercialize this and other novel ingredient solutions demonstrates our strength as a strategic service partner.”

Taxifolin BC-DHQ,® is a registered trademark of Blue California, Inc.

About Blue California

Blue California is an entrepreneurial, science-based solutions provider and manufacturer of clean, natural, and sustainable ingredients used in food, beverage, flavor, fragrance, dietary supplements, personal care and cosmetic products. For more than 25 years, Blue California has built a strong reputation for creating value in these diverse natural product and nature-inspired industries.

About Conagen

Conagen is making the impossible possible. Our scientists and engineers use the latest synthetic biology tools to develop sustainable, nature-based molecules bio-manufactured into the highest quality products available. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. For more information, visit www.conagen.com

Attachment

Ana Arakelian
Blue California ingredients
+1-949-635-1991
ana@bluecal-ingredients.com

US politicization of tech supply chains is both risky and costly

BEIJING, May 25, 2021 /PRNewswire/ — A news report by China.org.cn on US politicization of tech supply chains is both risky and costly.

In 2019, the Trump administration unleashed its “tech war” on China, with the goal of blocking China’s development in high tech sectors by preventing targeted companies from procuring components manufactured in the United States.

As the White House ramped up its hostility toward Beijing, it intensified its measures. The most notable target was the Chinese telecommunications firm Huawei, which was first placed on the commerce department’s “entity list” putting it under export controls. Later, it was also subjected to the “foreign direct product rule,” which unilaterally banned overseas companies who use U.S. patents in their own semiconductor production from supplying the company.

A staff member works at a workshop of a semiconductor company in Shanghai, east China, Feb. 10, 2020. [Photo/Xinhua]

Even though President Joe Biden has since taken office, he has yet to reverse these decisions. Instead, he has pressed on in the mold of an “America First” policy when it comes to semiconductors with the goal of consolidating a U.S. monopoly of the industry and controlling “technologies of the future.”

What have been the consequences of these decisions? In fact, they have had adverse effects for America and the world at large.

The aggressive politicization of the semiconductor sector against the world’s second largest economy is disrupting a global supply chain, reversing globalization and creating an effect of “localization.”

China has massively boosted its investment in semiconductor capabilities on a whole-of-society scale, while America has created political risks for tech firms who rely on their supplies. On an organizational level, firms have been bulk buying semiconductor and lithography manufacturing equipment from the Netherlands, Japan and South Korea, as well as panic buying semiconductors to hedge against potential future restrictions. Companies are losing confidence in traditional suppliers.

This uncertainty has created a global shortage in semiconductors, which is causing risks to the global economy. The shortage has created delays in the manufacturing and supply of electronic consumer goods and automobiles, which has forced many factories around the world to postpone production and furlough workers. For example, Nissan’s Sunderland factory in the U.K. was forced to slow production for three weeks due to a lack of semiconductors. Another consequence has been growing inflation, which undoubtedly contributed to the unexpected surge in the U.S. consumer price index, which jittered global markets last week.

These adverse outcomes show that weaponizing technology supply chains against China will not make America better off. Localized supply chains are more expensive and will cost the U.S. considerable market share as Beijing develops its own industry. This year, China will commence production of 7-nanometer nodes and quickly cede dependency on lower nodes, with Semiconductor Manufacturing International Corporation (SMIC) investing in a $2.35 billion chip foundry in Shenzhen set to produce 28-nm integrated circuits. This has allowed companies such as Huawei to continue developing their 5G networks despite U.S. sanctions.

In China, government investment in the sector has already amounted to $150 billion, while earmarked investment for the 14th Five-Year Plan period (2021-25) extends to $1 trillion. While this is seen as a political necessity, few disagree that an open-ended global industry remains preferential. Leading foreign semiconductor companies still seek to compete within the Chinese semiconductor market due to its growing economy and surging demand, showing the dangers of upheaving this market.

In this case, it is worth noting that one thing is certain when it comes to current U.S. policy: Weaponizing semiconductors creates a “lose-lose” situation, carving up a global industry into localized spheres, creating a fractured market and raising prices. That being said, it will still not block China’s technological advances.

For all involved, it is a costly and unpredictable path with knock on effects all the way down to the ordinary consumer.

Tom Fowdy is a British political and international relations analyst and a graduate of Durham and Oxford universities. He writes on topics pertaining to China, the DPRK, Britain and the U.S. For more information please visit: http://www.china.org.cn/opinion/TomFowdy.htm

Opinion articles reflect the views of their authors, not necessarily those of China.org.cn.

If you would like to contribute, please contact us at opinion@china.org.cn.

Photo – https://mma.prnewswire.com/media/1517521/image1.jpg

 

Anaqua Acquires Actio IP to Offer Integrated Tech-Enabled Foreign Filing Solutions

Acquisition expands Anaqua’s offerings with easy-to-use platform, supported by exceptional customer service, to help IP practitioners streamline their global filings process

BOSTON, May 24, 2021 (GLOBE NEWSWIRE) — Anaqua, the leading innovation and intellectual property (IP) management technology provider, today announced that it has acquired tech-enabled IP services company Actio IP from Acapo AS. The transaction further strengthens Anaqua’s strategic line of IP management solutions, offering corporations and law firms an intuitive, transparent, and efficient experience in managing the Patent Cooperation Treaty (PCT) National Phase and European Patent (EP) Validation filing processes.

Anaqua will continue to enhance Actio IP’s tech-enabled foreign filing services platform, ACTIO Portal, while significantly investing in the integration of the services with Anaqua’s IP management software and payment services. Actio IP, which also offers IP renewals, will add incremental volume to Anaqua’s existing payments business.

“Both companies share a deep commitment to leveraging technology to optimize the IP workflow process,” said Christine Jennings, President of Anaqua Services, who will lead the new business unit. “We believe this combination will enhance the customer experience by pairing our existing payments business with another high-quality service that can be seamlessly-integrated with our software platforms and other offerings.”

All Actio IP employees will join Anaqua as part of the acquisition, as the business expands its current operations in Bergen, Norway under the management of Actio IP executives Spencer Vold-Burgess and Anders Osa-Svanberg, who will both report to Christine Jennings.

“The combination of the two companies will serve to address the growing demand for increased efficiency in global filings,” said Spencer Vold-Burgess, who will join Anaqua as Director, Client Services. “Since our initial interactions with Anaqua, it has been clear that we share the same goals in providing unparalleled IP solutions and customer service to help our clients streamline IP management processes. Our team has been impressed with Anaqua’s global scale and client base, and look forward to joining the Anaqua team and innovating to better serve this evolving industry.”

“Anaqua will be a great partner for Actio IP going forward,” said Hilde Vold-Burgess, Managing Partner of Acapo. “This acquisition will strengthen Actio IP’s capacity to pursue strategic growth initiatives and continue delivering innovative solutions to the IP industry. We wish Actio IP and the team all the best under the Anaqua umbrella, and look forward to continuing using their services as they enter this next phase of scaling.”

Latham & Watkins LLP and Wikborg Rein Advokatfirma AS served as legal counsel to Anaqua.

About Anaqua
Anaqua, Inc. is a premium provider of integrated intellectual property (IP) management technology solutions and services. Anaqua’s AQX platform combines best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators in large and medium-sized companies use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.

About Actio IP
Actio IP AS was founded in 2009 with the goal of developing Intellectual Property (IP) solutions to reduce costs and administration. Based in Norway, Actio IP is a team of patent and trademark professionals who understand the needs and complex demands of the IP industry, what is involved in developing and managing complex portfolios, and the importance of creating strong international relationships. The company provides administrative services for IP professionals via the ACTIO Portal. Through the portal, users access a one-stop global platform for streamlining global filings, validations and renewals. The portal provides a gateway to international top-tier IP firms, giving flexibility and providing cost and time savings. The ACTIO Portal is an advanced and automated platform. Combined with an experienced IP administration team, this simplifies customers’ global IP filings, validations and renewals to free up time for higher-value tasks. For more information, visit actio.no, or on LinkedIn.

About Acapo
Acapo is one of the leading Intellectual Property consultancy firms in Norway with offices in Oslo, Bergen, Trondheim and Fredrikstad. The firm’s services include advisory services within all fields of IPR. Filing and prosecution of applications for European and Norwegian patents is within Acapo’s core field of business and their lawyers attend to litigation of cases pertaining to i.e. patents, trademarks and marketing law. The highly skilled staff of Acapo also handle filing of applications for Norwegian and European trademark and design registrations. As a full-service IPR-firm, Acapo also attend to maintenance of patents, and design and trademark registrations. For more information, visit acapo.no, or on LinkedIn.

Company Contact:
Amanda Hollis
Associate Director, Communications
Anaqua
617-375-2626
ahollis@Anaqua.com

Seegene introduces an exclusive diagnostic system for diagnosing COVID-19 variants at ECCMID

SEOUL, Korea, May 24, 2021 /PRNewswire/ — Seegene Inc. (KQ 096530), a biotechnology firm specializing in molecular diagnostics has once again been recognized for its unique system for diagnosing COVID-19 variants at this year’s European Congress of Clinical Microbiology, the ECCMID.

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Seegene’s Dr. Guy Willem Lee, Director of Marketing Strategy introduced the diagnostic system under the theme of “SARS-CoV-2 and Variants ‘Full Screening’ Solution” using its latest COVID-19 variant diagnostic tests. “The backdrop of Korea’s outstanding control at the onset of the pandemic is because of the one-platform diagnostic system that enables mass testing,” said Lee. He added that “the system enabled the diagnostic process from sample collection through PCR testing all at once, helping local authorities to quickly control the pandemic.”

The effectiveness of the current diagnostic system, however had been put to question due to a growing number of COVID-19 variants spreading fast, with reports saying vaccines may not offer enough protection against them. The Centers for Diseases Control and Prevention have previously said variants are poised to drive an increase in new cases in the U.S. in May after having projected that the global COVID-19 cases will sharply increase over the continuous surge in variants.

Referring to Seegene’s ‘Full Screening Solution,’ Director Lee proposed that the system will efficiently help counter the protracted COVID-19 pandemic. The ‘Full Screening Solution’ is a one-step system that can verify whether an individual has contracted coronavirus wildtype or the virus variant with a single real-time PCR test. Currently, health authorities are forced to go through an extra round of genomic sequencing to distinguish the existence of COVID-19 variants after standard PCR tests, automatically leading to a more prolonged testing time.

Against the backdrop of Seegene’s ‘Full Screening Solution’ are the company’s latest variant diagnostic tests, the AllplexTM SARS-CoV-2 Master Assay and AllplexTM SARS-CoV-2 Variants I Assay. The AllplexTM SARS-CoV-2 Master is an ideal way of screening for the COVID-19, as it provides results of whether a person is positive of the COVID-19 or even its variants. After an initial round of testing, Seegene’s AllplexTM SARS-CoV-2 Variants I Assay will help identify multiple mutant variations in a single reaction.

The AllplexTM SARS-CoV-2 Master Assay can detect a total of 10 targets including four coronavirus genes (E gene, RdRP gene, N gene and S gene) as well as five defined virus variants notably spotted in the most recognized lineages including B1.1.7, B.1.351, P.1 and B.1.1.207. Seegene’s variant diagnostic test is the first such kind to simultaneously detect multiple coronavirus genes and differentiate virus variations, including those found to be more contagious and fatal. It’s an ideal and an economic way of screening coronavirus genes as the pandemic continues to rage with both the wildtype and its virus variants. Director Lee added “Seegene’s ‘Full Screening Solution’ will play a critical role in controlling the spread of COVID-19 pandemic amid fast spreading virus variants.”

Also at this year’s world scientific symposia, Dr. Nakmoon Sung of Seegene Medical Foundation announced outcomes of clinical researches on the detection of SARS-CoV-2 mutations, known to be associated with the variants, as well as the detection of coinfections with respiratory pathogens among COVID-19 patients. Among the COVID-19 positive cases, the proportion of SARS-CoV-2 with the COVID-19 variant associated mutations have surged to 3.5% in late February from the 1.2% a month earlier. Such clinical researches show that Seegene’s diagnostic tests are capable of screening COVID-19 and screen for variants with single PCR test. Looking at the coinfection cases, 8.8% of COVID-19 positive cases have also been coinfected with respiratory diseases including Flu A, RSV, rhinovirus, metapneumovirus and Mycoplasma pneumoniae.

Reflecting on the clinical data, Dr. Sung said “swift diagnostic system is extremely critical in helping to control the resurgence of the COVID-19 pandemic,” and added that “the one-step and accurate diagnostics will become the global standard in detecting coronavirus and other respiratory diseases, for the purpose of accurate treatment”.

Logo – https://mma.prnewswire.com/media/1357790/Seegene_logo_Logo.jpg

Zoom Announces Zoom Events Platform for Virtual Experiences

An All-in-One Platform for Producing and Monetizing Interactive Virtual Events and Conferences

SAN JOSE, Calif., May 19, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced Zoom Events, an all-in-one platform with the power to produce interactive and engaging virtual experiences, available this summer. Zoom Events combines the reliability and scalability of Zoom Meetings, Chat, and Video Webinars in one comprehensive solution for event organizers, with the ability to produce ticketed, live events for internal or external audiences of any size.

Zoom Events offers something for a variety of use cases – from enabling large businesses to seamlessly manage and host internal events like all-hands and sales summits and external events like user conferences, to smaller businesses and entrepreneurs who have been using OnZoom to create, host, and monetize events including fitness and cooking classes, theatrical presentations, and more. As part of the launch of Zoom Events, OnZoom, currently in Beta, will be rebranded and folded into Zoom Events, and can be either private, or searched and explored publicly.

Zoom’s recent global study, How Virtual Do We Want Our Future to Be?, surveyed people worldwide on the role of video communications in our daily lives as we look beyond the pandemic. In the US, 80 percent of respondents agreed that everything will continue to have a virtual element post-pandemic, with 52 percent of US respondents planning to enjoy events both in-person and virtually, reinforcing the need for an all-in-one solution that will create seamless hybrid/virtual event experiences.

Zoom Events Platform Benefits:

  • Build an event hub to easily manage and share events
  • Customizable ticketing and registration
  • Control access and billing from one portal
  • Host a variety of events – free or paid, one-time or series
  • Bring attendees together with integrated networking
  • Track event statistics like attendance, registration, revenue, and more
  • Events can be kept private or posted to our public directory for others to discover
  • Zoom Events can be used with an existing paid Zoom Meetings or Video Webinar license

“It’s an exciting time to be at Zoom where the pace of innovation continues to accelerate,” said Oded Gal, chief product officer at Zoom. “We know that people are looking for flexibility in how they attend events in the future. The hybrid model is here to stay, and Zoom Events is a perfect solution for our customers who are looking to produce and host customer, company, and public events with an easy, yet powerful solution. This is another way we’re helping customers scale to meet consumer demands and the evolving virtual and hybrid landscape.”

To learn more about Zoom Events, please visit Zoom Events website and read our recent blog.

About Zoom
Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for individuals, small businesses, and large enterprises alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Zoom Public Relations
Farshad Hashmatulla
Product PR Manager
press@zoom.us

Marshmello To Headline Unprecedented UEFA Champions League Final Opening Ceremony Presented By Pepsi®

– PLATINUM-CERTIFIED MUSIC PRODUCER, ARTIST AND DJ TO TAKE THIS YEAR’S OPENING CEREMONY TO NEW HEIGHTS WITH ONE-OF-A-KIND PERFORMANCE –

PURCHASE, N.Y., May 18, 2021 /PRNewswire/ — #FORTHELOVEOFIT – Today, UEFA and Pepsi® reveal that award-winning global superstar Marshmello will headline this year’s UEFA Champions League final Opening Ceremony presented by Pepsi. The platinum-certified artist/producer known for smash hits ‘Happier,’ ‘Silence’ and ‘Friends,’ will present a one-of-a-kind performance on Saturday, May 29th, preceding one of the world’s most watched live sporting events – the UEFA Champions League final. Now in its fifth year, the Pepsi-presented Opening Ceremony will see Marshmello deliver a virtual six-minute spectacle using the latest in immersive technology, a first for both Pepsi and UEFA.

PepsiCo

Marshmello commented: “This really has been a year like no other. I’m looking forward to giving my sport, music, and pure entertainment fans a show like they have never seen. Thanks to Pepsi and UEFA, that is exactly what I am going to bring to the world – a performance that everyone can enjoy.”

To announce his performance, Marshmello is seen in a creative video mulling over options for his next show. Suggestions come from a few familiar faces, including all-time GOAT Leo Messi, world champion Paul Pogba, and Borussia Dortmund sensation Jadon Sancho, as well as members of global music group Now United. With the closing scene featuring the award-winning artist alongside the iconic UEFA Champions League Trophy, anticipation for an epic show is building for fans around the world to experience.

PepsiCo’s Vice President, Marketing, Global Beverages, Natalia Filippociants, said: “Pepsi has been building the Opening Ceremony platform alongside UEFA since 2016, and this year’s show will take it to the next level. Pepsi knows entertainment – and at times when the world needs it the most, Pepsi brings joy and levity. While there might be fewer people in the stadium this year, there will be no less energy and excitement. Marshmello is the perfect artist to kick start this year’s UEFA Champions League final with heart-pounding joy and a set list filled with anthems of celebration that transcend genre, appealing to football and music audiences globally. Fans should watch for more exciting announcements – including some special guests – so stay tuned.”

The UEFA Champions League final is one of the most hotly anticipated annual sporting events in the world, and this year’s match will air in over 200 countries and territories. The Opening Ceremony presented by Pepsi will be broadcast just minutes before the biggest game in European club football gets underway. The 2021 Opening Ceremony runs across the international Pepsi trademark, which includes Pepsi, Pepsi Black / MAX and Diet Pepsi.

“We are excited to be collaborating with Pepsi for another year, uniting music, entertainment and sport to delight fans all over the world,” said UEFA marketing director Guy-Laurent Epstein.  “Our close partnership has had great success in bringing huge names and epic performances to the UEFA Champions League final, and we know that Marshmello will put on an unforgettable show.”

Building upon the brand’s global UEFA Champions League partnership, 2021 saw Pepsi launch its global football campaign, Music Keeps Us Fizzing.’ A fresh ad titled Fizz to Life features Leo MessiPaul PogbaShanice van de Sanden and Jadon Sancho, with a fast-paced combination of football and music showing how football fan culture is more than just a 90-minute game.

For more information, visit www.facebook.com/uefachampionsleague and the official Pepsi social pages around the world. Join the conversation online with #FORTHELOVEOFIT.

FOR MORE INFORMATION, CONTACT:
Beth Porter: Beth.Porter@pepsico.com

About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana and SodaStream. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. “Winning with Purpose” reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of our business strategy and brands. For more information, visit www.pepsico.com.

About Marshmello
Marshmello’s star continues to rise as the famously masked artist breaks boundaries across the industry, with chart-topping singles and collaborations with the likes of Juice WRLD, Halsey, Demi Lovato, Bastille, Kane Brown, Selena Gomez, and more. Marshmello has clocked almost a staggering 10.5 billion streams across Spotify alone, and with almost 45 million monthly listeners on the platform, he’s one of the top 30 most-streamed artists in the world on Spotify and the 3rd most subscribed artist on YouTube. Featured on the cover of the Forbes magazine “30 Under 30” issue, Marshmello has proved to not only be an innovative producer, but a forward-thinking businessman. With his own brand of chocolate-filled marshmallows, “Stuffed Puffs”, he’s also launched a children’s entertainment channel, Mellodees.

Photo – https://mma.prnewswire.com/media/1510565/Pepsi_Mello_004.jpg

Rémy Martin And Usher Team Up To Celebrate Two Cultures Of Excellence: Music And Cognac

“Team Up For Excellence – The Film” Imagined in collaboration with FRED & FARID New York, Brings to Life the History of Harmony Between these Cultural Entities Through a Musical Journey

NEW YORK, May 14, 2021 /PRNewswire/ — Today, Rémy Martin announces a collaborative new campaign with multi–Grammy award winning musical artist, Usher to celebrate the harmonious blending of two cultures of timeless excellence: Music and Cognac. “Team Up For Excellence – The Film” highlights the cultural connection between Cognac and American music since 1917 in France, and how the two have been synonymous ever since.

In the Film imagined in collaboration with FRED &FARID New York, Usher narrates a story spanning the decades from the 1920’s to present day, which pays tribute to the multi–cultural connections, celebrated styles and rhythms of the past. From Blues to Hip–Hop, Swing Dancing to Break–Dancing; Usher and Rémy Martin®1738 Accord Royal travel through decades in France and the US, to honor these cultural figures; both rooted in a shared philosophy of aiming for the stars.

“Music doesn’t need Cognac to exist, and Cognac doesn’t need Music to exist,” states Usher, “but what is beautiful is that they were meant to meet and when they did, they created cultural harmony.”

Team Up For Excellence - The Film

Teaming up with Usher and Rémy Martin, are globally recognized creatives including Raphael Saadiq, world–renowned musical composer; Marci Rodgers, Academy–Award winning costume stylist; Aakomon Jones, award winning dance choreographer; and director of the production; Jake Nava.

“I was really inspired by creating the historical music scenes in a way that felt true to the spirit of that moment, but also relevant and eye–catching to a young contemporary audience,” states Jake Nava, “This dual priority informed my direction of all the music, dance and Usher’s performance.”

The heart and soul of cultural movements throughout history paved the way for future artists to innovate, while paying homage to their roots and the musical styles that came before them. The same respect for heritage is honored by Rémy Martin and Cellar Master, Baptiste Loiseau, who has inherited the savoir–faire of the House from previous generations of cellar masters. Through this transmission of knowledge, Rémy Martin®1738 Accord Royal continues to encompass the spirit of celebrating depth of character and the excitement of indulging in moments of collective success.

“Rémy Martin has been at the center of celebration for centuries, and the celebratory nature of Music is synonymous with our history of honoring communities and culture,” said Amaury Vinclet, Global Executive Director of Rémy Martin “Acknowledging this collective success has been at the heart of Rémy Martin since 1724.”

Historically, Rémy Martin and Usher teamed up during his 2010 “OMG” world tour, where the Cognac brand was the official sponsor of after parties across the United States, Canada and Europe. Additionally, Usher co–hosted the launch dinner for Producer Series with Jermaine Dupri in 2018.

“Team Up For Excellence – The Film is a monumental artistic achievement stemming from our collaboration and long–standing relationship with our trusted creative global agency, FRED & FARID,” said Philippe Farnier, Chief Executive Officer for The House of Rémy Martin. “We celebrate this performance between our brand, creative agency and artist Usher. At Rémy Martin, we team up with those sharing our same quest for excellence, rooted in our values of people, terroir and time.”

For almost 300 years, the story of Rémy Martin has been one of family, partners and collective success. Teamwork has always been at the heart of the brand, passing the spirit of collaboration on to younger generations. The desire to team up with others in a quest for excellence has been a part of the Rémy Martin ethos since 1724, with the constant dedication to creating premium Cognac. To continually go further and aspire to achieve more is a reflection of the Centaur, Rémy Martin’s brand figurehead for 150 years. Following the launch in the United States, the short film will be screened and showcased globally.

CREDITS:

Brand: Rémy Martin

Title of ad: Team Up For Excellence – The Film

Agency: FRED & FARID New York

Music: Raphael Saadiq

Costume stylist: Marci Rodgers

Dance choreographer: Aakomon Jones

Director of the production: Jake Nava

For more information visit RemyMartin.com and follow along on social media at:

Instagram @RemyMartinUS | Twitter @RemyMartinUS | Facebook RemyMartinUSA

Media Contact:
Alix de Boisset
International Communication Director
M: +33 6 99 91 44 87
alix.deboisset@remy-cointreau.com

ABOUT RÉMY MARTIN
Since 1724, Rémy Martin has produced premium spirits that consistently appeal to the world’s most discerning connoisseurs. A profound love of the land, a continuity of family ownership and   a passionate commitment to excellence has sustained Rémy Martin for nearly three centuries. As a result of its masterful production and generations of tradition in Cognac, Rémy Martin today produces Fine Champagne Cognacs, including Rémy Martin® XO, Rémy Martin® Tercet, Rémy Martin 1738® Accord Royal and Rémy Martin® V.S.O.P For additional information, visit www.RemyMartin.com.

ABOUT RÉMY MARTIN 1738
Born from the cask and named after a royal approval, Rémy Martin®1738 Accord Royal is a truly distinctive cognac. Its exceptional smoothness and rounded oakiness starts with the toasting of the casks, before the eaux–de–vie even begin to mature. This unique aromatic profile is then revealed through a rigorous selection of eaux–de–vie. Recognized for its outstanding quality year after year in international competitions, Rémy Martin®1738 Accord Royal celebrates true depth of character and the sheer indulgence of sharing good moments.

ABOUT RÉMY COINTREAU
All around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavors. Their exacting standards are proportional to our expertise – the finely–honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these men and women that Rémy Cointreau, a family–owned French Group, protects its terroirs, cultivates exceptional multi–centenary spirits and undertakes to preserve their eternal modernity. The Group’s portfolio includes 12 unique brands, such as the Rémy Martin and Louis XIII Cognacs, and Cointreau liqueur. Rémy Cointreau has a single ambition: becoming the world leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 1,900 employees and on its distribution, subsidiaries established in the Group’s strategic markets. Rémy Cointreau is listed on Euronext Paris.

ABOUT USHER
Challenging himself creatively, testing musical boundaries and being on the creative forefront of new and developing trends are characteristics that have defined Usher throughout his 20 year career. Usher has been ranked by the Recording Industry Assn. of America as one of the best–selling artists in American music history, having sold over 65 million albums worldwide. He has won numerous awards including 8 Grammy Awards and was named the #1 Hot 100 artist of the 2000s decade. Usher has attained nine Hot 100 #1 hits and 18 Hot 100 top–10 singles. His career in TV and Film includes 2 seasons as a coach on NBC’s The Voice as well as starring roles in films such as “Hands of Stone” and “Burden”. 2021 continues to be a busy year for Usher with an upcoming new album release and the launch of his much anticipated Las Vegas residency at Caesar’s Palace. In the past year Usher’s two singles “Don’t Waste My Time” and “Bad Habit” both hit #1 on the Billboard R&B Charts. He also released “I Cry”, a powerful and emotional song about the social and racial injustices of our time. Usher is currently in the studio recording his 9th studio album which will be released late 2021.

ABOUT FRED & FARID New York
FRED & FARID is a purpose driven company producing meaningful ideas, grounding brands into culture. Based in New York, Paris, FRED & FARID New York’s culture is a peculiar mix of the French sense of craft and taste, the Chinese sense of tactic and digital, and the American sense of vision and strategy. The agency focuses on creative consulting, brand strategy, branding, content & social activation, and has produced 1800+ creative campaigns for 250+ brands in 33+ industries, winning 950+ awards and 25+ industry titles – including the AdAge Small Agency 2020 Gold Newcomer of the Year, and Best Integrated Campaign of the Year. Website: www.fredfarid.com

Video – https://www.youtube.com/watch?v=v2hp5LUuRQM
Photo – https://mma.prnewswire.com/media/1510188/72863_SP1_210311_Remy_Martin_Usher_20s_082_h.jpg
Logo – https://mma.prnewswire.com/media/891944/Remy_Martin_Logo.jpg

 

Vinamilk Jumps Six Notches among Global Top 50 Leading Dairy Companies

HO CHI MINH CITY, Vietnam, May 14, 2021 /PRNewswire/ — The Vietnam Dairy Products Joint Stock Company (Vinamilk) recorded an impressive performance in 2020 despite the challenges brought along by the COVID-19 pandemic. With revenue of $2.6 billion in 2020, an increase of 5.9% year-on-year, Vinamilk has jumped 6 notches among the Top 50 leading dairy companies in the world.

According to the 2021 ranking by UK-based Plimsoll Publishing Ltd, Vinamilk currently ranks 36th among the world’s Top 50 dairy producers by total sales. Since 2017, the Vietnamese brand has become the only dairy producer in Vietnam and Southeast Asia to enter the Top 50, along with dairy companies from the U.S., New Zealand, and Europe.

Vinamilk Green farm fresh milk is one of Vinamilk’s newly launched products earlier this year

Part of Vinamilk’s solid earnings is attributed to the company’s 2020 export revenue which hit USD 2.1 billion, through product distribution in 56 countries and territories. Despite the current global economy uncertainty, Vinamilk’s export growth is expected to continue as it has already recorded a 7.9% year-on-year growth rate in the first quarter of 2021.

These achievements continue to cement Vinamilk’s leading position within Vietnam. For the eighth consecutive year, the milk brand has been ‘The Most Chosen Brand’ in dairy and dairy substitute category for both urban and rural areas in Vietnam, according to Kantar Worldpanel’s Asia Brand Footprint 2020.

Vinamilk's overview and key financial highlights (2017 – 2020)

“Besides maintaining stability in production and business, Vinamilk will continue to promote cohesion and value sharing with stakeholders. Sustainable development will be oriented towards advanced models of the world dairy industry, in which action plans and initiatives will be rolled out for all parts of the company’s value chain, from research and development, farm management, to manufacturing and distribution while improving its subsidiaries corporate governance and operational efficiency.” says Ms. Mai Kieu Lien, Vinamilk’s CEO.

Aligned with its direction, Vinamilk is currently investing in “Green farm”, an eco-friendly farming system as one of its sustainable initiatives. The system includes Vinamilk farms in Quang Ngai, Thanh Hoa, and Tay Ninh provinces. Currently, the company owns 13 dairy farms in Vietnam and an organic dairy farm complex in Laos, managing over 150,000 herds of cattle.

Solar power will be deployed on Vinamilk eco-friendly farming system

Other sustainable initiatives of Vinamilk include applying circular economy to optimize the use of natural resources, completing solar power rollout at Vinamilk’s farms across the country, minimizing plastic footprint in the production process, and implementing organic agriculture practices, in line with the company’s sustainable development strategy.

Vinamilk has also set a revenue target of VND 62,160 billion (USD 2.7 billion) for FY2021 after obtaining VND 13,190 billion (USD 570 million) and VND 2,597 billion (USD 113 million) in revenue and profit in 1Q2021. Going forward, Vinamilk will continue to introduce new quality products and maintain product premiumization process selectively.

In 2020, Vinamilk’s corporate governance practices which adopted international standards have resulted in the brand becoming the only Vietnamese company voted as “Southeast Asia Asset Class” according to the ASEAN corporate governance scorecard results.

Photo – https://mma.prnewswire.com/media/1510327/Vinamilk_Green_farm_fresh_milk_Vinamilk_s_newly_launched_product_earlier.jpg
Photo – https://mma.prnewswire.com/media/1510325/Vinamilk_s_overview_key_financial_highlights__2017___2020.jpg
Logo – https://mma.prnewswire.com/media/1510326/1.jpg