Day: January 9, 2024

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QuEra Computing Releases a Groundbreaking Roadmap for Advanced Error-Corrected Quantum Computers, Pioneering the Next Frontier in Quantum Innovation

Reaching 100 logical error-corrected qubits in 2026, QuEra aims to unleash a new era of innovation and discovery

QuEra’s Error-Corrected Quantum Computer Roadmap

An Overview of Quera’s Three-Year Quantum Computer Roadmap, Its Capabilities and Customer Impact.

BOSTON, Jan. 09, 2024 (GLOBE NEWSWIRE) — QuEra Computing, the quantum computing trailblazer, today announced a bold strategic roadmap for a series of error-corrected quantum computers, starting in 2024 and culminating in a system with 100 logical error-corrected qubits. This announcement marks the dawn of a new era in quantum computing. It caps off a banner year for QuEra, highlighted by breakthrough scientific results, substantial growth in its scientific and engineering teams, a new investment round, and a significant increase in the availability of its Aquila platform on a major cloud platform.

Quantum error correction is critical to fulfill the immense promise of quantum computers. This advanced technique addresses the inherent fragility of quantum states and the susceptibility of qubits to interference from their environment, which can lead to errors in quantum computations. By implementing error correction protocols, quantum computers can maintain the integrity of quantum information over longer periods, enabling them to perform complex calculations that are beyond the reach of classical computers. This enhances the reliability and scalability of quantum systems and paves the way for groundbreaking advancements in fields ranging from materials science to drug discovery and optimization problems. By providing the first commercial error-corrected system, QuEra is setting a new bar in performance and usability.

A Three-Year Quantum Error-Correction Roadmap

QuEra’s roadmap outlines a three-phase release of its revolutionary quantum computers:

  • 2024: Launching a quantum computer with ten logical qubits, unique transversal gate capability, and over 256 physical qubits. Transversal gates are crucial in quantum computing for their ability to prevent error propagation across qubits, making them inherently error-resistant. They simplify quantum error correction by allowing errors to be corrected independently for each qubit. This system establishes the groundwork for error-corrected quantum computing. Additionally, to assist in assessing and preparing algorithms for the era of error correction, QuEra will release a logical qubit simulator in the first half of 2024.
  • 2025: An enhanced model with 30 logical error-corrected qubits with magic state distillation, supported by over 3,000 physical qubits. Magic state distillation enables the implementation of a broader range of quantum gates with higher fidelity, allowing for the execution of non-Clifford gates, which are crucial for universal quantum computations.
  • 2026: Introduction of a third-generation quantum error-corrected model with 100 logical qubits and over 10,000 physical qubits. This development, capable of deep logical circuits, will push quantum computing beyond the limits of classical simulation, ushering in a new era of discovery and innovation.

These advancements build upon the recent breakthrough published in Nature, “Logical quantum processor based on reconfigurable atom arrays,” by Bluvstein et al. (Nature 2023), where a Harvard-led group, together with QuEra, MIT, NIST, and the University of Maryland, reported the execution of complex algorithms with 48 logical qubits.

“With this product release plan, we are opening doors to a new world of computational possibilities,” said Alex Keesling, CEO of QuEra Computing Inc. “We are excited to leverage all the building blocks developed in past years – qubit shuttling, transversal gates, high-fidelity 2-qubit gates, and a zoned architecture – to deliver a world-leading system. It will allow us to collaborate with global partners to explore the vast potential of quantum computing and drive innovation across various sectors.”

Celebrating a Year of Significant Achievements

This announcement comes on the heels of a breakthrough 2023 for QuEra, marked by significant progress on multiple fronts:

  • Completing a $30M Series A funding round early in the year.
  • Expanding the public availability of QuEra’s flagship 256-qubit Aquila system on a major cloud platform, with access increasing from 10 to over 100 hours per week. Both commercial and academic users have benefited from this increased availability, leading to several important scientific and technological results.
  • Attracting top talent, the team has grown to include over 50 highly-skilled scientists and engineers. The company has also bolstered its management team with experienced and accomplished executives, positioning itself for accelerated growth and innovation.
  • Scientists from Harvard, QuEra, MIT, UMD and NIST released a series of breakthrough scientific results. These advances provide critical building blocks and cement QuEra’s status as a leading quantum computing company.

“In a few years, the number of physical qubits will be less important to customers, and the focus will switch to logical error-corrected qubits,” said Nate Gemelke, Co-founder and CTO of QuEra. “Today, we are taking a major step in this critical transition from quantum experimentation to true quantum computing value.”

Calling Developers, Enterprises, and HPC Centers

QuEra invites developers to adapt their software to these groundbreaking capabilities, encourages enterprises to explore error-corrected algorithms with logical qubits through collaboration, and urges HPC centers and national programs to consider purchasing and deploying these advanced computers on-premises. For those interested in early access to these breakthrough capabilities, a new waitlist page is now available at https://www.quera.com/waitlist.

About QuEra
QuEra Computing is the leader in commercializing quantum computers using neutral atoms, which is widely recognized as a highly promising quantum modality. Based in Boston and built on pioneering research from nearby Harvard University and MIT, QuEra operates the world’s largest publicly accessible quantum computer, available over a major public cloud and for on-premises delivery. QuEra is developing large-scale, fault-tolerant quantum computers to tackle classically intractable problems, becoming the partner of choice in the quantum field. Simply put, QuEra is the best way to quantum. For more information, visit us at quera.com and follow us on Twitter or LinkedIn.

Media Contact
Merrill Freund
press@quera.com
+1-415-577-8637

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4bd051c5-124a-4661-a70c-196c2cd69ff0.

GlobeNewswire Distribution ID 9014612

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Institutional Investors’ Enthusiasm Grows for Innovative Private Equity Fund

Investors with deep pockets seek refuge in GDP Capital’s PE-BOND Fund amidst turbulent markets

Key Investment Sectors

Private Equity and other investment sectors are operatingin challenging and unpredictable environments today

KUALA LUMPUR, Malaysia, Jan. 09, 2024 (GLOBE NEWSWIRE) — The COVID-19 pandemic has unleashed unprecedented economic turmoil, resulting in contracting markets and dwindling returns worldwide.

Private Equity and other investment sectors find themselves navigating an exceptionally challenging and unpredictable landscape. In an environment with limited profitable opportunities, preserving dry powder appears to be a prudent choice. An alternative, however, has emerged—a haven for investors with substantial resources.

Private Equity and other investment sectors are operatingin challenging and unpredictable environments today

Private Equity and other investment sectors are operating
in challenging and unpredictable environments today

Introducing GDP Capital’s PE-BOND Fund LP, one of Private Equity’s latest offerings poised to make waves on the international stage. In today’s dismal or negative return environment, this fund has the potential to significantly enhance your return on investment while offering a sense of security.

GDP Capital’s investment structure is nothing short of unique, possibly the first of its kind. Here’s why it stands out:

  • A Private Equity structure fortified with the security of a bond.
  • Investments are channelled into government-approved projects.
  • Capital invested is backed by government guarantees and repaid within a 10-year horizon.
  • GDP Capital secures equity in the involved companies and their respective projects, each contributing dividend.

The Fund mandates a minimum commitment above US$25 million, making it ideally suited for Sovereign Wealth Funds, Retirement Funds, Institutional Investors, Endowments, Insurance Companies, Banks, Family Offices, and major investment firms.

A Balance of High Returns and Capital Safety:

“While structuring the fund, we overcame numerous hurdles to satisfy governmental, legal, regulatory, and investor requirements. After two years of meticulous development, potential investors are displaying keen interest,” commented Gurmit S. Sidhu, the founder and Managing Director of GDP Capital Limited, on the fund and its offerings.

With an adept team comprising tax and legal advisors, investment bankers, and political analysts, GDP Capital Limited stands ready to support top-tier investors in surpassing their investment objectives.

This unique investment Fund, set to launch in January 2024, is spearheaded by GDP Capital Limited, a Private Equity Fund Manager incorporated in the British Virgin Islands (BVI) and regulated by the BVI Financial Services Commission (BVI FSC).

GDP PE-BOND Fund LP represents an extraordinary opportunity for investors seeking capital safety and accelerated returns.

Explore the Merits Further:

Astute investors who recognize the benefits offered by GDP Capital may wish to delve deeper into its merits. For additional details, please visit: www.gdpcapitalltd.com

About GDP Capital Limited:

GDP Capital Limited is a Private Equity Fund Manager incorporated in the British Virgin Islands (BVI) and regulated by the BVI Financial Services Commission (BVI FSC). The firm collaborates with stable and investor-friendly governments seeking funding for priority projects to expedite economic development and achieve real GDP growth.

Funding is extended for viable and strategically significant government projects contributing to sustainable economic growth. While initially focusing on Asia, the company has expansion plans for other global regions. Given the substantial funding requirements of governments, GDP Capital provides institutional investors with the assurance of government guarantees, facilitating investments ranging from US$100 million to US$1 billion.

Media Contact:
Investor Relations
pr@gdpcapitalltd.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2a9a601f-7cd5-459c-b4f7-f42d96113ccd

GlobeNewswire Distribution ID 9014950

Posted on

Institutional Investors’ Enthusiasm Grows for Innovative Private Equity Fund

Investors with deep pockets seek refuge in GDP Capital’s PE-BOND Fund amidst turbulent markets

Key Investment Sectors

Private Equity and other investment sectors are operatingin challenging and unpredictable environments today

KUALA LUMPUR, Malaysia, Jan. 09, 2024 (GLOBE NEWSWIRE) — The COVID-19 pandemic has unleashed unprecedented economic turmoil, resulting in contracting markets and dwindling returns worldwide.

Private Equity and other investment sectors find themselves navigating an exceptionally challenging and unpredictable landscape. In an environment with limited profitable opportunities, preserving dry powder appears to be a prudent choice. An alternative, however, has emerged—a haven for investors with substantial resources.

Private Equity and other investment sectors are operatingin challenging and unpredictable environments today

Private Equity and other investment sectors are operating
in challenging and unpredictable environments today

Introducing GDP Capital’s PE-BOND Fund LP, one of Private Equity’s latest offerings poised to make waves on the international stage. In today’s dismal or negative return environment, this fund has the potential to significantly enhance your return on investment while offering a sense of security.

GDP Capital’s investment structure is nothing short of unique, possibly the first of its kind. Here’s why it stands out:

  • A Private Equity structure fortified with the security of a bond.
  • Investments are channelled into government-approved projects.
  • Capital invested is backed by government guarantees and repaid within a 10-year horizon.
  • GDP Capital secures equity in the involved companies and their respective projects, each contributing dividend.

The Fund mandates a minimum commitment above US$25 million, making it ideally suited for Sovereign Wealth Funds, Retirement Funds, Institutional Investors, Endowments, Insurance Companies, Banks, Family Offices, and major investment firms.

A Balance of High Returns and Capital Safety:

“While structuring the fund, we overcame numerous hurdles to satisfy governmental, legal, regulatory, and investor requirements. After two years of meticulous development, potential investors are displaying keen interest,” commented Gurmit S. Sidhu, the founder and Managing Director of GDP Capital Limited, on the fund and its offerings.

With an adept team comprising tax and legal advisors, investment bankers, and political analysts, GDP Capital Limited stands ready to support top-tier investors in surpassing their investment objectives.

This unique investment Fund, set to launch in January 2024, is spearheaded by GDP Capital Limited, a Private Equity Fund Manager incorporated in the British Virgin Islands (BVI) and regulated by the BVI Financial Services Commission (BVI FSC).

GDP PE-BOND Fund LP represents an extraordinary opportunity for investors seeking capital safety and accelerated returns.

Explore the Merits Further:

Astute investors who recognize the benefits offered by GDP Capital may wish to delve deeper into its merits. For additional details, please visit: www.gdpcapitalltd.com

About GDP Capital Limited:

GDP Capital Limited is a Private Equity Fund Manager incorporated in the British Virgin Islands (BVI) and regulated by the BVI Financial Services Commission (BVI FSC). The firm collaborates with stable and investor-friendly governments seeking funding for priority projects to expedite economic development and achieve real GDP growth.

Funding is extended for viable and strategically significant government projects contributing to sustainable economic growth. While initially focusing on Asia, the company has expansion plans for other global regions. Given the substantial funding requirements of governments, GDP Capital provides institutional investors with the assurance of government guarantees, facilitating investments ranging from US$100 million to US$1 billion.

Media Contact:
Investor Relations
pr@gdpcapitalltd.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2a9a601f-7cd5-459c-b4f7-f42d96113ccd

GlobeNewswire Distribution ID 9014950

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XO Innovates the Private Aviation Industry

XO Innovates

Giving flexible flyers optimal value and choice.

New York, New York January 9, 2024: XO, the world’s premier private aviation network, innovates and modernizes private aviation to significantly benefit private flyers. Utilizing AI, machine learning, data design, and predictive analytics, XO offers a cost-efficient alternative to private jet ownership and home-based fleet models and delivers instant, transparent real-time pricing for greater convenience and time savings.

Leona Qi, President U.S. at Vista said: “As part of Vista, XO continually innovates the private aviation industry by offering instant and transparent flight options, giving flexible flyers optimal value and choice. As a group, our globally optimized business and fleet model surpasses jet ownership and clients choose us because of this. Innovation is the future of the industry — we’re proud to lead the way.”

Providing four times greater utilization than personal jet ownership.

XO propels innovation by leveraging augmented intelligence to enhance performance dramatically. Greater utilization delivers pricing and availability benefits to XO clients, making the industry more efficient. Since 2022, aircraft utilization through XO has soared by 125%, marking a significant leap in operational efficiency.

Private flyers weighing the benefits of personal ownership against private charter through XO can begin by comparing utilization. While utilization for personal aircraft remains at roughly 250 flight hours per year, utilization across the XO network continues to grow. Current utilization is over 1,100 flight hours per aircraft, per year.

A fleet model that optimizes routes and cuts unoccupied flights to 25%.

Similarly, XO has driven innovation in the private aviation industry by using a floating fleet model to manage aircraft availability. This replaces the legacy model — in which the fleet has no choice but to return to the home base and aircraft fly empty 50% of the time. The floating feet model has cut this in half to 25%.

XO eliminates the multi-day quote process with its AI-powered system, providing guaranteed pricing in seconds.

Private aviation is a multifaceted air transportation operation with a largely unscheduled aviation environment, necessitating complex trip coordination from a diverse array of private terminals with bespoke aircraft, crew, catering, and ground transportation arrangements.

Therefore, those looking to fly private and obtain pricing embark on a multi-day, multi-touch process to review options or receive what are only “soft quotes” through sales teams and digital platforms. The process is time-consuming and frustrating, and the price is not guaranteed.

XO has reduced the process from days to seconds. It can accurately deliver real-time pricing to private flyers through an XO-developed, AI-driven system that analyzes more than 2,000 daily flight requests globally, over 6,000 daily XO mobile app searches, and historical industry booking trends.

Book instantly with over 200,000 globally available flights across all regions.

Leveraging technology, XO provides members and clients convenient ways to search and instantly book seats with pricing that is based on demand and delivered instantly and guaranteed.

By offering a cost-effective and efficient alternative to jet ownership, using a floating fleet model that cuts empty leg flights significantly, and providing customers with convenience through instantly bookable flights and real-time pricing, XO is leading a more open future for private aviation while delivering benefits to its clients — ultimate convenience, service, enhanced productivity, privacy, and security.

Information
XO | press@flyxo.com

ABOUT XO

XO is revolutionizing the private aviation industry by combining data intelligence with distinct, elevated service to allow you to reach anywhere in the world, anytime, just by reaching for a mobile device.

XO has built an open future for private aviation with more transparency, efficiency, and accessibility than ever before. Members and clients have access to the Vista Members’ fleet of 360+ aircraft and the safety-vetted XO alliance fleet of 2,100+ private aircraft, covering the full spectrum of cabin classes. Flyers can book an entire aircraft or individual seats through the XO mobile app, website, or an XO Aviation Advisor.

XO is part of Vista — the world’s first private aviation ecosystem, integrating a unique portfolio of companies offering asset free solutions to cover all key aspects of business aviation.

More XO information and news at www.flyxo.com

XO Global LLC is not a direct air carrier and does not operate any aircraft. All flights will be operated by properly licensed U.S. or foreign air carriers. All services are subject to the terms and conditions available at flyxo.com/legal. Fla. Seller of Travel Ref. No. ST42114.

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GlobeNewswire Distribution ID 1000907929

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CNH streamlines Senior Leadership structure

CNH streamlines Senior Leadership structure

Basildon, January 9, 2024

CNH announces a streamlining of its leadership structure.

Effective immediately, the Company is reducing the size of and realigning the Senior Leadership Team (SLT) which will henceforth be known as the Global Leadership Team (GLT). The GLT is the Company’s operational decision-making body responsible for driving the performance of the Company’s businesses and executing strategic priorities, serving customers around the world and providing leadership to our ~40,000 employees. This leaner structure is designed to deliver focused and accountable leadership, prioritizing the Company’s Business Segments.

The GLT members and their corresponding areas of accountability are as follows:

Scott W. Wine, Chief Executive Officer
Oddone Incisa, Chief Financial Officer
Derek Neilson, President, Agriculture
Stefano Pampalone, President, Construction
Fritz Eichler, Chief Technology Officer
Marc Kermisch, Chief Digital and Information Officer
Scott Moran, Chief Quality and Business System Officer
Tom Verbaeten, Chief Supply Chain Officer
Kelly Manley, Chief Human Resources Officer
Kevin Barr, Senior Leadership Advisor
Roberto Russo, Chief Legal and Compliance Officer

Regional and support function leaders will now report directly into the GLT-led organizations to ensure rapid and improved customer-centric decision making. These diverse and experienced leaders will remain posted at key company sites across the globe, furthering the delivery of our strategic priorities. The elevation of Fritz Eichler to Chief Technology Officer is specifically designed to provide singular focus and leadership on the development, execution, and integration of our iron and technology platforms.

“We are confident this enhanced leadership structure will better support our customers while augmenting operational efficiency and execution. With heightened focus, this GLT will accelerate delivery of our strategic priorities and drive increased value for our shareholders,” said Scott W. Wine, CEO at CNH. “This transition and all our strategic activities have the common goal of ensuring a bright future for CNH.”

CNH Industrial (NYSE: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Hemisphere, a leading designer and manufacturer of high-precision satellite-based positioning, and heading technologies; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH’s 40,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnh.com

For news from CNH and its Brands visit: media.cnhindustrial.com

Contacts:

Media Relations
Email: mediarelations@cnhind.com

Investor Relations
Email: investor.relations@cnhind.com

Attachment

GlobeNewswire Distribution ID 1000907915

Posted on

CNH streamlines Senior Leadership structure

CNH streamlines Senior Leadership structure

Basildon, January 9, 2024

CNH announces a streamlining of its leadership structure.

Effective immediately, the Company is reducing the size of and realigning the Senior Leadership Team (SLT) which will henceforth be known as the Global Leadership Team (GLT). The GLT is the Company’s operational decision-making body responsible for driving the performance of the Company’s businesses and executing strategic priorities, serving customers around the world and providing leadership to our ~40,000 employees. This leaner structure is designed to deliver focused and accountable leadership, prioritizing the Company’s Business Segments.

The GLT members and their corresponding areas of accountability are as follows:

Scott W. Wine, Chief Executive Officer
Oddone Incisa, Chief Financial Officer
Derek Neilson, President, Agriculture
Stefano Pampalone, President, Construction
Fritz Eichler, Chief Technology Officer
Marc Kermisch, Chief Digital and Information Officer
Scott Moran, Chief Quality and Business System Officer
Tom Verbaeten, Chief Supply Chain Officer
Kelly Manley, Chief Human Resources Officer
Kevin Barr, Senior Leadership Advisor
Roberto Russo, Chief Legal and Compliance Officer

Regional and support function leaders will now report directly into the GLT-led organizations to ensure rapid and improved customer-centric decision making. These diverse and experienced leaders will remain posted at key company sites across the globe, furthering the delivery of our strategic priorities. The elevation of Fritz Eichler to Chief Technology Officer is specifically designed to provide singular focus and leadership on the development, execution, and integration of our iron and technology platforms.

“We are confident this enhanced leadership structure will better support our customers while augmenting operational efficiency and execution. With heightened focus, this GLT will accelerate delivery of our strategic priorities and drive increased value for our shareholders,” said Scott W. Wine, CEO at CNH. “This transition and all our strategic activities have the common goal of ensuring a bright future for CNH.”

CNH Industrial (NYSE: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Hemisphere, a leading designer and manufacturer of high-precision satellite-based positioning, and heading technologies; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH’s 40,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnh.com

For news from CNH and its Brands visit: media.cnhindustrial.com

Contacts:

Media Relations
Email: mediarelations@cnhind.com

Investor Relations
Email: investor.relations@cnhind.com

Attachment

GlobeNewswire Distribution ID 1000907915

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MB Stellar – The First Payment Bracelet Brings 5.0 Payment To Vietnamese Gen Z

OMverse

Experts shared about Stellar’s campaign, which aimed at GenZ

HO CHI MINH CITY, Vietnam, Jan. 09, 2024 (GLOBE NEWSWIRE) — Stellar, the first payment bracelet in Vietnam has been impressing young people in Vietnam thanks to its flexible experience, which was proved at DigiLounge#4 “Revealing Stellar – a pioneer in the new payment style of GenZ” held by OMverse.

 OMverse

Experts shared about Stellar’s campaign, which aimed at GenZ.

Launched in mid-November 2023, Stellar payment bracelet resulted from a strategic combination between the Military Commercial Joint Stock Bank (MBBank) and Omega Media (a member of OMverse). While MBBank is named in the top 5 prestigious Vietnamese commercial banks in 2023, Omega Media is a pioneer in performance marketing.

Integrating two debit and credit chips in one device, it gives customers convenient one-touch payment without a network connection or battery charging. With 18 options of design, color and individually designed personality charms, this payment-fashion friend is also waterproof and dust resistant, suitable for all types of weather and outdoor activities of Gen Z. Priced at an affordable price, only about 16 USD, it attracted many young people between the ages of 25 and 40, who love technology, fashion and are always ready to try new things.

The launch of the Stellar payment bracelet marked a breakthrough in product marketing and brandformance in the banking and finance industry and impressed leading marketing experts in Vietnam. This was also the topic of DigiLounge#4 “Revealing Stellar – a pioneer in the new payment style of GenZ” organized by OMverse. Many experts attended the event, such as Mr. Mai Huy Phuong – Deputy Director of Digital Banking Department, MBBank; Ms. Van Trinh – CEO of Fantastic Eggs; Mr. An Dang – CEO of Omega Media – Ho Chi Minh City Branch and Mr. Dzung Le – CEO of Omeez.

Through two sharing sessions on “Application of Brandformance in the Banking Industry through Product Innovation” and “From Product Marketing to Brandformance”, these experts discussed what made a groundbreaking campaign aimed at Gen Z – the first payment bracelet in Vietnam. At the same time, the experts deep dived into user trends, opportunities and challenges in the Vietnamese market in 2024.

The highlight of DigiLounge#4 was experiencing the one-touch payment style with Stellar right at the event. Many C-level and marketing managers from large enterprises in Vietnam were surprised with how time-saving and convenient Stellar was and enjoyed special charm sets with many humorous and bold messages created by the Gen Z designers. They are optimistic that Stellar could completely develop further towards Gen Alpha.

A representative from Omega Media shared that Gen Z in Vietnam has been always looking for new experiences, so the banking and finance industry also needs innovative products to keep up. The launch of Stellar – when technology meets fashion in a bracelet – was timely and could contribute to creating new payment trends.

https://www.globenewswire.com/NewsRoom/AttachmentNg/34d516bf-de51-4f3b-a000-7d762aa8ae00

Media contact:
Tran Thi Quynh Trang (Ms.)
Email: trangttq@omverse.vn

GlobeNewswire Distribution ID 9014845

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IceMOS Technology Raises Pre-IPO Funding Following Northern Ireland Investment Summit

IceMOS Technology Photo

IceMOS Techology Founder and Chairman – Dr. Samuel J. Anderson, MBE

  • Additional capital to help fund employee growth and increase global marketing and sales footprint
  • Deal sees pre-IPO funding valuing company at a market capitalization of $101Million (£80million)

PARADISE VALLEY, Ariz, Jan. 09, 2024 (GLOBE NEWSWIRE) — Semiconductor manufacturer, IceMOS Technology Corporation today announced it has secured pre-IPO funding as a result of meeting a London-based investor at the Northern Ireland Investment Summit in September.

IceMOS Technology is a global supplier of high-quality sensing and power technologies that are paving the way for energy-efficient solutions in power electronic systems. The company headquartered in Paradise Valley, Arizona, has a manufacturing center of excellence located in West Belfast, an advanced research innovation center in Tempe, Arizona, and a design center in Tokyo, Japan.

The deal, which sees pre-IPO funding valuing IceMOS at a market capitalization of $101Million (£80million) post money, will enable IceMOS to expand its Belfast team to more than 100 employees and increase its marketing and sales global footprint as it starts preparation for an initial public offering in the next 18 to 24 months.

“Our sensing and power technologies are paving the way for more energy-efficient and CO2-saving solutions that support decarbonization,” said Dr. Samuel J. Anderson, MBE, IceMOS Technology founder and chairman. “Adoption in applications such as artificial intelligence (AI), assisted and autonomous driving, data center cloud and edge computing power supplies, rapid chargers for electric vehicles, Low Earth Orbit (LEO) satellites and deep space exploration, are at the tipping point, leading to dynamic market growth. Products based on our technology roadmap represent a new class of semiconductors, essential to serve the efficiency demands of this digital economy market.”

The Northern Ireland Investment Summit was a collaboration by the Department for Business and Trade, the Northern Ireland Office, and Invest Northern Ireland, which hosted around 200 investors from across the world to visit Belfast with the aim of turbocharging inward investment into all corners of Northern Ireland.

Secretary of State for Northern Ireland Chris Heaton-Harris said: “This fantastic multi-million-pound deal demonstrates the success of the Investment Summit, creating jobs and boosting investment into Northern Ireland. The event demonstrated Northern Ireland’s rich potential, and I am confident that the productive, global relationships it built will continue to benefit Northern Ireland businesses and communities for years to come. Congratulations to IceMOS and their London Investor on their productive new partnership.”

Minister for Investment Lord Johnson said: “Both our Northern Ireland Investment Summit and Global Investment Summit have shown how the UK is fast becoming a science and technology superpower, with billions of pounds flowing into all parts of our country which is spurring innovation and creating jobs. This multimillion-pound deal for IceMOS is yet another vote of confidence in our highly skilled advanced manufacturing and semiconductor industries and is a major boost for the burgeoning tech sector in Northern Ireland and the huge level of expertise that’s being fostered there.”

Congratulating the company, Mel Chittock, Interim CEO of Invest Northern Ireland said: “Today’s announcement by IceMOS Technology reaffirms the success of the summit which laid the foundations for new partnerships to be forged. This deal will provide significant benefits for West Belfast and the Northern Ireland economy as a whole with IceMOS’ West Belfast workforce exceeding 100 employees post funding. It will also function as a transformative catalyst for IceMOS’ ongoing growth, further cementing its position in the global semiconductor industry. Congratulations to IceMOS and we look forward to helping it to continue its growth in Northern Ireland.”

About IceMOS Technology
IceMOS is an equity-financed private Delaware semiconductor corporation and manufacturer of a new class of MEMS based power and sensing advanced semiconductor technology that serves wide-ranging applications anywhere that power efficiency and sensing matters. The company has a manufacturing center of excellence located in Belfast, Northern Ireland, an advanced research innovation center in Tempe, Arizona, and a design center in Tokyo, Japan.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c918f39-bf4f-4b25-989a-7aade69e17eb 

Company and Media Contact:
Hugh Griffin
IceMOS Technology
hughgriffin@icemostech.com
+44 2890 574700

GlobeNewswire Distribution ID 9014344