Daily Archives: June 27, 2018

BrandSafway™ forms new Innovation Council

Improving value and quality of product and service solutions for customers

Kennesaw, Georgia, June 27, 2018 (GLOBE NEWSWIRE) — BrandSafway, a leading provider of work access and specialized services to the global industrial, commercial and infrastructure markets, has formed an innovation council to identify, develop and launch new, forward-thinking ideas.

“We take our role as the industry’s leader in safety, engineering and innovation seriously,” said Bill Hayes, president and CEO of BrandSafway “The BrandSafway Innovation Council will focus on harnessing internal creativity in the development of new processes and tools.”

BrandSafway leads the industry with patented and proprietary products like the QuikDeck® Suspended Access System, which creates a factory-floor-like platform in the air, reducing craft labor by as much as 35 percent or more, and BrandNet®, which increases productivity on jobsites through access optimization. “Our Innovation Council is developing a pipeline of similar, innovative solutions,” Hayes said. “They will focus on accelerating ideation, development and commercialization.”

Access and industrial services are connected to many major industries – refining, power, commercial construction, transportation and infrastructure. “By helping our customers improve safety and increase productivity, we can have a powerful, positive impact on our customers, their industries and the economy,” Hayes explained. “The Council is an important step in improving and accelerating innovation globally, while ultimately increasing the value we bring to our customer sites. BrandSafway is invested in continuing to provide thought leadership in safety, engineering and innovation.”

Vishnu Irigireddy, vice president of Global Engineering for SafeWorks, a BrandSafway company, has been named chair of the Innovation Council. “This is an exciting time at BrandSafway,” Irigireddy said. “The Innovation Council not only provides an opportunity for ideas to be heard and carefully considered; it’s a great way for our various divisions and departments to build off each other, and in the end, come up with even better, safer and more productive solutions for our customers.”

Irigireddy joined the SafeWorks leadership team in 2016, bringing more than 18 years of senior leadership experience in engineering and strategic growth. The Council also includes leaders from throughout all BrandSafway’s departments and divisions. This includes product line management, safety, business and operational leaders in BrandSafway’s industrial, commercial and infrastructure segments.

“Our people are our greatest asset,” said Hayes. “We have the most experienced team in the industry, and the Council will provide a forum to capture their ideas for improving safety and productivity for our customers.”

About BrandSafway
With a commitment to safety as its foremost value, BrandSafway provides the broadest range of services, products and solutions, with the greatest depth of expertise, to the industrial, commercial and infrastructure end markets. A portfolio company of Clayton, Dubilier & Rice, BrandSafway offers access, industrial services and forming and shoring solutions to more than 32,000 customers through a workforce of approximately 35,000 employees, who support our network of 350 strategic locations across 30 countries. With its global footprint, rigorous operating processes and extensive service offerings — access, insulation, coatings, specialty industrial services and forming and shoring — BrandSafway supports customers’ maintenance and refurbishment needs as well as new construction and expansion plans. Today’s BrandSafway — large enough to leverage economies of scale to increase safety and productivity, while remaining nimble and responsive — delivers unmatched service with local labor and management. For more information, visit www.brandsafway.com.

Karla Cuculi
BrandSafway
414-523-6580
KCuculi@BrandSafway.com

 

Uxin Limited Announces Pricing of Initial Public Offering

BEIJING, June 27, 2018 (GLOBE NEWSWIRE) — Uxin Limited (“Uxin” or the “Company”), the largest used car e-commerce platform in China, today announced the pricing of its initial public offering (“IPO”) of 25 million American depositary shares (“ADSs”), each representing three ordinary shares, at a price to the public of $9 per ADS. Concurrent with the private placement of $175 million of convertible bonds, the total amount raised is $400 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Uxin has granted the underwriters a 30-day option to purchase up to an additional 3.75 million ADSs to cover over-allotments.

The ADSs are expected to begin trading on the NASDAQ Stock Market on June 27, 2018 under the ticker symbol “UXIN.” The offering is expected to close on July 2, 2018, subject to customary closing conditions.

Morgan Stanley & Co. International plc, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, China International Capital Corporation Hong Kong Securities Limited, and China Renaissance Securities (Hong Kong) Limited are acting as joint book-running managers of this offering and as the representatives of the underwriters.

The offering of the securities is being made only by means of a prospectus forming a part of the effective registration statement.  When available, copies of the final prospectus related to this offering may be obtained from any of the following sources:

  • Morgan Stanley & Co. International plc: 180 Varick Street, New York, NY, 10014, Room 214, 2nd Floor
  • Goldman Sachs (Asia) L.L.C.; Address: 200 West Street, New York, New York 10282-2198
  • J.P. Morgan Securities LLC; Address: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717
  • China International Capital Corporation Hong Kong Securities Limited; Address: 29th Floor, One International Finance Centre, I Harbour View Street Central, Hong Kong
  • China Renaissance Securities (Hong Kong) Limited; Address: Units 8107-08, Level 81, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong

A registration statement on Form F-1 related to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Uxin

Uxin (NASDAQ:UXIN) is the largest used car e-commerce platform in China by number of transactions and gross merchandise volume. Uxin’s mission is to enable people to buy the car of their choice, no matter where they are located in China. Uxin allows consumers and dealers to buy and sell cars through an innovative integrated online and offline platform that addresses each step of the transaction and covers the entire value chain, including discovery, car inspection, title transfer, warranty, financing and insurance. Its services are underpinned by advanced proprietary technology; extensive data on buyers, sellers, vehicles and transactions; a highly scalable online platform; and an offline network of more than 670 service centers and 7 transaction centers in over 270 cities throughout China.

For investor enquiries, please contact:

Vivian Xu
Uxin Investor Relations
vivianxu@xin.com

For media enquiries, please contact:

Cindy Wang
Uxin Marketing
cindy@xin.com

Scott Patrick / Stephanie Heise
Brunswick Group
(212) 333-3810
uxin@brunswickgroup.com

The Walt Disney Studios Selects Cisco as an Innovation Partner of The Walt Disney Studios StudioLAB

SAN JOSE, Calif., June 26, 2018 (GLOBE NEWSWIRE) — Cisco today announced that it has been selected by The Walt Disney Studios as a founding member and Innovation Partner of The Walt Disney Studios StudioLAB. StudioLAB will be based on The Walt Disney Studios Lot in Burbank, California.

The announcement was made on stage at the first annual “XR On the Bay” Conference hosted by the Advanced Imaging Society at Cisco corporate campus in San Jose, California.

The StudioLAB initiative is focused on using cutting-edge technologies to reimagine, design, and prototype the entertainment and production capabilities of the future. The 3,500 square foot StudioLAB facility will be located on the historic Disney studio lot in Burbank.

The Walt Disney Studios produces feature films from Disney, and includes Walt Disney Animation Studios; Pixar Animation Studios; Marvel Studios; and Lucasfilm. It also brings music and stage plays to consumers via The Disney Music Group and Disney Theatrical Group.

StudioLAB will feature Cisco hardware and software solutions extending to services spanning network, storage, orchestration and collaboration. Initial areas of focus will include:

  • Enhancing the remote collaboration experience for creatives and studio leadership
  • Providing a more seamless and secure connectivity for filmmakers, the studio, and third parties
  • Offering efficient and reliable ways to deliver production data and assets from set to the cloud

“We are aligning with best-of-breed technology companies to support our vision for StudioLAB. Our goal is to jointly innovate and apply emerging technologies to support our production capabilities and help build new entertainment experiences,” said Benjamin Havey, vice president, Technology Innovation Group, The Walt Disney Studios. “We are very pleased to welcome Cisco as a StudioLAB Innovation Partner, as we combine the best of Silicon Valley and Hollywood to help our storytellers tell their very best stories. Through this partnership, we can push the boundaries of how content can be created and consumed.”

“Cisco and Disney are helping to drive innovation in the entertainment industry, combining our expertise, skills, content, technology and passion,” saidDavid Ward, senior vice president, CTO and chief architect, Cisco. “This partnership is a game changer for the media industry, and we are excited for the opportunity to work closely with The Walt Disney Studios team to prototype, develop and showcase new technology at StudioLAB. This will be the place where true innovation comes alive in media entertainment.”

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