VueReal Has Commenced Shipping High-Transparency and High-Resolution AM-MicroLED Displays Produced by VueReal MicroSolid Printing(TM) Platform to Its Partners

WATERLOO, ONTARIO, Dec 6, 2023 – (ACN Newswire) – VueReal celebrates a milestone in display technology, announcing the successful development and shipment of high-resolution and high-transparency microLED displays to its partners. The breakthrough comes courtesy of VueReal’s MicroSolid Printing™ Platform, addressing a pivotal challenge in MicroLED adoption – the efficient transfer of LEDs from wafer to backplane. Integrated into Active Matrix MicroLED displays, this achievement is set to reshape industries, introducing exceptional visual quality, energy efficiency, tunable transparency (80% to zero), and versatile applications.

VueReal Turnkey Platform

High-performing active matrix microLED display fabricated using VueReal Turnkey Platform

Key Highlights:

MicroLED Turnkey Platform:

The shipments underscore the capability and flexibility of VueReal’s MicroSolid Printing™ platform in developing a new display structure. More importantly, this turnkey platform showcases the success of fabricating and producing these unique displays, hitting a significant milestone in enabling mass market adoption of the MicroLED displays.

Enabling New Customers:

VueReal is actively inviting new customers to adopt MicroLED in their designs, offering access to the microLED platform. The company is now accepting new purchase orders for its newly developed high-resolution and high-transparency displays. Purchase orders will be evaluated based on business merits and the capability to integrate MicroLED into products, urging interested parties to provide detailed information about the business opportunities. Submit Your Order HERE.

VueReal Showcase at CES:

VueReal invites business leaders, industry professionals, and enthusiasts to explore its MicroLED displays and MicroSolid Printing technology at the upcoming Consumer Electronics Show (CES). The showcase promises insights into delivering the future of display technology today, highlighting the capabilities and advantages of VueReal’s MicroLED solutions. Submit CES 2024 Demo Request HERE.

Reza Chaji, CEO of VueReal, stated: “At VueReal, we envision MicroLED as the Next OLED in the $180 billion global display space. Our innovative mass-scale, low-cost, high-accuracy LED transfer process, aptly named MicroSolid Printing™, combined with our manufacturing display capabilities in Waterloo, Ontario, Canada, marks this vision’s realization.”

Mark Zeinstra, Vice President of Products, highlighted: “VueReal’s industry-leading MicroLED solutions create strong interest among our display, lighting, and sensor customers. Our customers are excited that VueReal technology makes the MicroLED’s advantages accessible. These features include improved reliability, packaging, brightness, low power, enhanced image quality, multi-functionality and transparency.”

About VueReal

VueReal, a leader in micro-pixel technology, stands at the forefront of innovation with a groundbreaking microLED transfer technology, MicroSolid Printing™. Leveraging its proprietary and cutting-edge MicroSolid Printing™ techniques, VueReal is poised to revolutionize the display landscape for several applications, including automotive, AR/VR, smartwatches, and smartphones. Its unique transfer technology is set to make developing groundbreaking and life-enhancing products as easy as software by facilitating scalable, cost-effective, and eco-friendly micro-pixel fabrication. To learn more, please follow VueReal at www.vuereal.com.

VueReal Communications
Sales: sales@vuereal.com
Investment: investment@vuereal.com

Contact Information
Reza Chaji
CEO
info@vuereal.com

Creators of the World’s Largest Computer Driven Kinetic Sculpture to Unveil a New Immersive Public Installation at Art Miami, 2023

MIAMI, FL, Dec 5, 2023 – (ACN Newswire) – Art Miami is poised to host a captivating immersive art installation titled ‘Flashbacks, Green Lines’ by BREAKFAST, in collaboration HOFA Gallery and Art Miami. This groundbreaking showcase will fuse kinetics and art, offering a unique and interactive perspective on the convergence of art and memory. Positioned prominently at the entrance of the renowned art fair, the installation invites the public to experience its unique narrative from 5 – 10 December 2023.

BREAKFAST, 'Flashbacks, Green Lines', 2023: BREAKFAST, 'Flashbacks, Green Lines', 2023 Flip-discs, software, camera, computer 122 x 122 in (310 x 310 cm) — BREAKFAST, ‘Flashbacks, Green Lines’, 2023: BREAKFAST, ‘Flashbacks, Green Lines’, 2023 Flip-discs, software, camera, computer 122 x 122 in (310 x 310 cm)

BREAKFAST is renowned for their digitally driven kinetic sculptures and has recently garnered global recognition for their masterpiece, ‘The Pearl’ – the world’s largest computer-controlled kinetic sculpture, slated to launch in 2024.

BREAKFAST’s interactive installation at Art Miami, ‘Flashbacks, Green Lines’ promises a unique engagement with each participant. This innovative piece will record a brief clip of everyone who interacts with it, replaying these moments from the artwork’s memory through mesmerising and dynamic flip-discs. ‘Flashbacks, Green Lines’ transcends the traditional viewer-artwork dynamic, transforming each participant into an integral part of the artistic experience. It extends an invitation to reflect on how individual curiosity, movements, and mere presence contribute to the vibrant life of the artwork.

Nick Korniloff, Director Art Miami, says about the forthcoming collaboration, “It is an amazing interactive installation at the entry of the Art Miami that will engage all our guests as they enter our 33rd edition of the Fair.”

HOFA will proudly represent twenty-two leading contemporary artists, among them the pioneering BREAKFAST at Art Miami 2023. Renowned for being at the forefront of pushing artistic boundaries, the gallery’s exhibition is a curated collection that not only showcases the exceptional talent of diverse artists but also serves as a testament to the gallery’s core values, rich history, and forward-looking vision. The diverse portfolio spans various artistic disciplines, with a particular emphasis on embracing diversity and employing a multitude of techniques and creative practices.

Sougwen Chung and Krista Kim will also prominently feature in HOFA’s presentation this year. Sougwen Chung’s series of distinctive paintings, a result of collaboration with robotic entities, showcases the intricacies of the artist’s profound research and performative practice. This unique collaboration introduces the world to a new dimension of digital consciousness, adding an innovative layer to the overarching artistic narrative. Further enriching HOFA’s showcase is the debut of Krista Kim’s zen-digital work during Art Miami.

HOFA Gallery, Booth AM 109, Art Miami

Artists Represented: ILHWA KIM, SOUGWEN CHUNG, ZHENG LU, VLADINSKY, ESER GÜNDÜZ, JASON SIMS, JULIAN VOSS-ANDREAE, LYÈS, BREAKFAST, MARY RONAYNE , ZHUANG HONG YI, JOSEPH KLIBANSKY, JAN KALÁB, GIANFRANCO, MEGGIATO, ROMINA RESSIA, KRISTA KIM, LI JIE, WANG ZILING, MAX PATTÉ, KOSTAS PAPAKOSTAS, MAXIM WAKULTSCHIK, SOPHIE VICTORIA.

Contact Information
Emma-Louise O’Neill
Comms & Brand Collaborations Director
emmalouise@thehouseoffineart.com
+447515136909

Phoenix Group PLC Celebrates Historic IPO on Abu Dhabi Securities Exchange

ABU DHABI, UAE, Dec 5, 2023 – (ACN Newswire) – In a momentous event that marks a new era in the regional technology and financial sector, Phoenix Group PLC proudly announces its successful listing on the Abu Dhabi Securities Exchange (ADX). This milestone IPO, the first of its kind in the Middle East for a privately owned crypto mining and blockchain entity, signifies a major leap in the UAE’s ambitious journey towards a digital-led economy.

A Historic Milestone in Tech and Finance

Phoenix Group PLC’s public debut on ADX represents a significant leap in innovation and growth for the tech and blockchain sector. The IPO marks a major achievement in the history of the Middle East’s technology and finance industry, symbolizing the rising global relevance of the region in these fields.

Gratitude and Appreciation

We extend our profound gratitude to the visionary leadership of Abu Dhabi and the Abu Dhabi Securities Exchange (ADX) for their unwavering support and foresight, which have been pivotal in achieving this landmark success. Our heartfelt thanks go out to our shareholders, stakeholders, board members, and the dedicated Phoenix family for their relentless trust and dedication. We also express our sincere appreciation to International Securities LLC for their indispensable role as our primary advisor and principal placement agent, guiding us through this pivotal journey.

Bijan Alizadehfard, Co-Founder & Group CEO of Phoenix Group PLC, stated: “Today’s IPO is a testament to the power of vision, collaboration, and innovation. We are incredibly thankful to all who contributed to this landmark event. As we step into this new chapter, our focus intensifies on expanding our reach and impact globally, driven by our core pillars of Bitcoin mining, renewable energy, advanced manufacturing, and strategic acquisitions. We are excited to forge ahead, with the UAE’s dynamic tech and finance sector as our foundation.”

Munaf Ali, Co-Founder & Group MD of Phoenix Group PLC, added, “We’re proud to have reached this milestone, a reflection of our commitment to excellence and growth. Our journey so far has been remarkable, but this is just the beginning. We look forward to continuing our journey of innovation, reinforcing our position as a leading figure in the global tech landscape.”

Looking Ahead:

– Phoenix Group PLC envisions a future of continued growth and innovation, with a commitment to advancing technology and sustainability.

– The company is set to explore new horizons in the digital world, enhancing its contributions to a decentralized and tech-driven global economy.

About Phoenix Group:

Founded in 2017, Phoenix Group PLC has rapidly become a global leader in cryptocurrency mining, tech innovation, and blockchain technology. With a strong commitment to sustainability and technological advancement, the company is poised to play a pivotal role in shaping the future of the digital finance sector.

Social Links
X (Formal Twitter): https://twitter.com/phoenixgroupuae
LinkedIn: https://www.linkedin.com/company/phoenixgroupuae/

Media Contact
Brand: Phoenix Group PLC
Contact: Media team
Email: info@phoenixgroupuae.com
Website: https://phoenixgroupuae.com/press/

SOURCE: Phoenix Group PLC

Disclaimer: This press release is for informational purposes only. For more detailed information about Phoenix Group PLC and its IPO, please refer to the official documentation provided by the Abu Dhabi Securities Exchange (ADX).

Pertamina Hulu Rokan expounds on Wetlands Innovation at COP28

DUBAI, Dec 5, 2023 – (ACN Newswire) – PT Pertamina Hulu Rokan (PHR) presented innovations in creating wetlands to manage wastewater produced from its operational activities at COP28 on Friday. PHR’s innovations, which were implemented to support the achievement of net zero emissions (NZE) by 2060, were presented at the 2023 UN Climate Change Summit, or Conference of the Parties (COP28), in Dubai, United Arab Emirates (UAE), on Friday (12/01).

PT Pertamina Hulu Rokan (PHR) present its innovation in constructing wetlands to manage water waste produced from its operational activities at COP28. (Antara / HO-Pertamina) — PT Pertamina Hulu Rokan (PHR) presented its innovation in constructing wetlands to manage wastewater from its operational activities at COP28. (Antara / HO-Pertamina)

PHR Vice President, Facility Engineering, Erwin Sinisuka explained that nature-based solutions (NBS) were employed to manage wastewater produced by Pertamina’s energy production processes. Wastewater management was carried out using constructed wetlands based on hydro technology, where wetlands are formed using a hydraulic loading rate technique, so that wastewater management simply used gravity.

PHR Vice President of Facility Engineering Erwin Sinisuka. (ANTARA/HO-PERTAMINA)

Erwin said the development of wetlands were part of the effort towards environmentally friendly operations, in accordance with environmental standards of the Ministry of Environment and Forestry. The session, ‘Unlocking the Potential of Nature Based Solutions, for Adaptation and Mitigation of Climate Change’ was held at the Indonesian Pavilion, COP28, on Friday.

PHR has built constructed wetland covering an area of 5,000 m2 in one of its Rokan Block work areas. The wetland is the company’s pilot waste management project, while it is developing 14 wetland construction projects in its work areas.

The wetland has reduced emissions by 1,341 tCO2eq from January to October 2023, and has reduced wastewater discharge, which reached 11,30 barrels per day (bwpd) before construction, whereas now it is only 7,217 bwpd.

Constructed wetlands are not only for waste management but can provide more significant benefits for the community. “The community will always be our focal point, as their involvement can be the key to successful wetland management,” Sinisuka said.

PHR collaborates with local communities to manage these wetlands. The buffer materials and plants used at this location come from local sources, including coconut fiber, which is used as a filter. Apart from that, the community can use filtered water, he said.

Vice President of Upstream Business Operational Excellence, Health, Safety, and Environment, PHR I, Nyoman Widaryantha Naya added that this artificial wetland also becomes a water absorption area, which can reduce the risk of flooding “This constructed wetland also has many other benefits for the community. Residents are also now using the area as a small-scale transportation route by boat,” Widaryantha said.

In a similar session, the Deputy for Environmental and Forestry Management Coordination at the Coordinating Ministry for Maritime Affairs and Investment, Nani Hendiarti, stated that Indonesia has great potential to develop NBS, where 15 percent of the world’s NBS potential is in Indonesia.

Seeing these various potentials, the government is developing a blue carbon roadmap. Presidential Regulation 98 (2021) concerning the Economic Value of Carbon strengthens the optimization of blue carbon. “We will also include the marine sector and blue carbon in the nationally determined contribution targets,” Hendiarti said.

The Director General of Marine Spatial Management, Ministry of Maritime Affairs and Fisheries, Victor Gustaaf Manopo, said that blue carbon is part of climate adaptation through ecosystem resilience.

The event was also attended by Assistant Deputy Secretary, UAE Ministry of Climate Change and Environment, Mohamed Salman Alhammadi; Senior Natural Resources Management Specialist, World Bank, Ambroise Beriner; President Director, Sucofindo, Jodi Triananda Hasjim; and Executive Director, Tropical Forest Alliance, World Economic Forum, Jack Hurd.

As a leading company in the energy transition sector, Pertamina is committed to supporting the 2060 Net Zero Emission targets and continues to encourage programs that impact the achievement of Sustainable Development Goals (SDGs). These efforts align with implementing environmental, social, and governance (ESG) in all Pertamina business lines and operations.

PERTAMINA, https://www.pertamina.com

Media Contact
Sonitha Poernomo
Manager Corporate Communications
PT Pertamina Hulu Rokan (PHR)
M: +62 811-851-9273
E: sonitha.poernomo@pertamina.com

Nitinotes Surgical in Full Swing: Impressive Board Appointment, Over 90 Patients Treated, 400+ Sutures Performed, and a $10.1M Series B Funding Round Closure

Nitinotes, developers of EndoZip™, a revolutionary, fully automated suturing device, announced the appointment of Mr. John Barr as the new Chairman of the Board of Directors. Barr has over 40 years of experience in MedTech, including his significant role at Apollo Endosurgery as the Chairman of the Board. This experience positions him perfectly to lead the strategic thinking as Nitinotes prepares for the EU market entry and further develops the EndoZip system.

Mr. John Barr, Nitinote’s new Chairman

This significant appointment coincides with a period of remarkable clinical achievements for Nitinotes. To date, over 90 patients have successfully undergone procedures using the EndoZip™ system, with more than 400 sutures performed by 14 different physicians, showcasing the device’s efficacy and reliability in the field of obesity treatment.

EndoZip™: Pioneering a New Era in Endoscopic Obesity Treatment

EndoZip™, Nitinotes’ flagship product, is a state-of-the-art robotic endoscopic fully automated suturing system designed to transform the landscape of endoscopic gastroplasty procedures.

EndoZip™ offers a minimally invasive approach, making it a viable option for patients with obesity class I & II, who are not suitable candidates for traditional bariatric surgery. Its innovative design ensures consistent and safe suturing, which is crucial for patient outcomes, and represents a major advancement in the treatment of obesity.

EndoZip™: Setting a New Standard in Obesity Treatment

EndoZip™ is revolutionizing the treatment of obesity. This technology is a game-changer in the medical field because of its ease of use, short learning curve, and potential for significant scale-up.

Amidst challenging times, Nitinotes has successfully secured funding, reflecting the strong confidence in the vision and technology.

CEO Raz Bar-On shared his perspective on this exciting phase: “The world is waking up to the significance of Endoscopic Sleeve Gastroplasty (ESG), and we’re right there, at the forefront of this medical revolution, to lead the change.”

About Nitinotes: A Leader in Innovative Obesity Treatment

The Nitinotes company is on the cutting edge of medical technology, focusing on innovative solutions for obesity treatment.

The company’s flagship product, EndoZip™, is a groundbreaking robotic fully automated endoscopic suturing system that offers a minimally invasive approach for obesity class I & II patients. Its unique design ensures consistent, safe suturing, at the press of a button, marking a significant advancement in obesity treatment.

Join Nitinotes’s Journey

For more information about Nitinotes and the revolutionary EndoZip™ system, visit Nitinotes’ Website at https://nitinotesurgical.com/ and follow the company’s activity on Nitinotes’ LinkedIn Page.

Contact Information
NITINOTES SURGICAL
info@nitinotesurgical.com
+97248876698

Raz Bar-On
CEO
razbaron@nitinotesurgical.com
+972502008225

Avigail Porat
Content Marketing Manager
avigail@humanbrands.marketing
+972545882895

Related Images

Related Image Mr. John Barr Mr. John Barr, Nitinote’s new Chairman

Related Image EndoZip™ System EndoZip™ is the first automated suturing system, designed to transform the landscape of endoscopic gastroplasty.

Champion REIT Illuminated Hong Kong CBD by “Sharelebrating” Joy with Community at its Premium Property Three Garden Road

HONG KONG, Dec 5, 2023 – (ACN Newswire) – Christmas is a season of joy and giving back. This year, Champion Real Estate Investment Trust (“Champion REIT” or the “Trust”) (Stock Code: 2778) shared and celebrated the festive joy by partnering with Fullness Social Enterprises Society and Tithe Ethical Consumption Movement to host a large-scale Christmas “Sharelebration”! Pop-up Market at Three Garden Road, the premium property of Champion REIT on 1 and 2 December 2023. Over 20 local social enterprises showcased their thoughtfully crafted seasonal products and offered fun experiences for visitors. The mega event aimed to bring together the business community and all walks of life to engage in conscious consumption, sharing love among business community and the public.

An excellent example to promote social inclusion and sustainable development

Located in the bustling Central business district, Three Garden Road was transformed into a fun-filled carnival comprising of social enterprise marketplace, interactive workshops and performances. More than 20 local social enterprise brands and entrepreneurs showcased how they contribute to sustainable development from new perspectives. Several social enterprises also hosted unique hands-on workshops for children and their parents.

“Supporting social inclusion and sustainable development has always been an integral part of Champion REIT’s management philosophy and corporate culture. We actively incorporate this concept into our business operations to create long-term value for our business and our community. Christmas is a time when love and care flourish, providing us with a precious opportunity to unite and share joy within our community. This year, we are excited to collaborate with Fullness Social Enterprises Society to host a vibrant outdoor market to promote conscious consumption, sustainable development and social inclusion. Such initiative sets an excellent example of joint effort by business and social sector for the greater social good,” explained by Christina Hau, Chief Executive Officer of Champion REIT when discussing the motive behind the project.

Bringing Joy to Hundreds of Beneficiaries. Every Penny Counts

On the second day of the fair (2 December), 200 underprivileged children and their families were invited to join the fun-filled activities in which creative social enterprises entertained participants with magic shows, storytelling, book crossing, balloon twisting and Christmas card-making. “Our aim is to share and celebrate the holiday cheer while fostering a sense of togetherness,” Christina added.

Every penny spent at this meaningful pop-up market supported more than 20 social enterprises in creating employment and training opportunities for disadvantaged communities, promoting social and cultural inclusion and advocating fair trade.

Dr. Tracy Ng, Chief Executive of Fullness Social Enterprises Society said, “We are thrilled to collaborate with Champion REIT for the first time to host the Christmas market. This meaningful event offered the opportunity for various social enterprises to present their products and services directly to different stakeholders in Central. We hope this collaboration will serve as a pilot program to further promote ethical consumption, foster synergies between the business and social enterprise sectors, and create shared value.”

Providing public performance platform for underprivileged children orchestra On 1 December, the talented Great Eagle Music Children Ensemble of Music Children Foundation performed Christmas carols at the Christmas Lighting Ceremony of Three Garden Road. Established in 2013, Music Children Foundation (MCF) aims to provide free-of-charge music programmes of the highest quality to underprivileged children aged 16 or below in Hong Kong with the support from donors, patrons, volunteers and professional musicians. Enriching each child with public performance is key component of the curriculum. This year marks the 10th anniversary of MCF, making the performance even more meaningful.

10-meter tall Christmas Tree and lighting decorations to illuminate the CBD This Christmas, Three Garden Road is adorned with captivating festive lighting displays, transforming the commercial building into a captivating sight to behold. The centerpiece of the decorations is a magnificent 10-meter tall Christmas tree that stands tall, emanating a warm and inviting glow. Illuminating the surroundings, the grand staircase is adorned with a vibrant cascade of LED lights, creating a visually stunning spectacle. The building has become a must-visit destination for the working community, tourists, and visitors, who flock to capture the perfect photo against this enchanting backdrop. The captivating lightings will continue to illuminate Three Garden Road until December 31, 2023, providing an extended period of festive charm for all to enjoy.

Three Garden Road, the esteemed premium property of Champion REIT, will continue to evolve into an art, culture and wellness hub, promoting holistic well-being and fostering a strong sense of community.

About Three Garden Road

With over 1.6 million sq.ft. gross floor area, Three Garden Road, one of the prime properties of Champion REIT, a premium Grade A office complex in Central, comprising Champion Tower and ICBC Tower, a retail podium housing upscale food & beverage outlets, a fitness and health club, and a carpark capable of accommodating over 500 vehicles. As the city centre’s green and wellness hub, the property provides wellness-enhancing environment for its tenants, visitors, and other stakeholders through providing premium facilities and amenities, and hosting wellness initiatives. As the city’s first WELL Platinum existing building, Three Garden Road attained its “double platinum” honour along with the highest-scored BEAM Plus Platinum green building standard.

About Fullness Social Enterprises Society (FSES)

Fullness Social Enterprises Society is a non-profit organisation founded in 2011. Our mission is to promote the social development and city transformation in Hong Kong for societal betterment through a team of pracademic and knowledge volunteers. Our scope includes researching, experimenting, creating, publishing, educating and providing consultation on social entrepreneurship.

About Tithe Ethical Consumption Movement (TECM)

Tithe Ethical Consumption Movement (TECM) is a social innovation platform organised by Fullness Social Enterprises Society (FSES) connecting the government, corporations, social enterprise organisations and volunteers to advocate for cross-sector collaboration and strengthen the development of social enterprises, as well as encouraging public participation to change the world through meaningful consumption.

14th World Islamic Economic Forum in Abu Dhabi to Discuss Key Components of Global Economic Growth

ABU DHABI, UAE, Dec 5, 2023 – (ACN Newswire) – The 14th World Islamic Economic Forum (WIEF) is set to explore a range of critical global economic themes centered around ‘Global Economic Agenda: Shaping a Sustainable Future. Set to take place from 6-8 February 2024 at the Abu Dhabi National Exhibition Centre (ADNEC), the 14th WIEF will dive deep into the dynamic roles of technology and the shifting economic landscape, with a particular focus on East Asia’s growing influence.

The Forum will also explore the convergence of technology and sustainable practices, mapping new routes for economic development in a world undergoing rapid change. It will also offer insights on the rising economic significance of the Middle East on a global scale.

Tan Sri Dr. Syed Hamid Albar, Chairman of the WIEF Foundation, underscores the significance of the forum, remarking, “It’s an opportunity to be part of a global conversation that shapes the future of economies worldwide, transcending borders and sectors.” He further accentuates the Forum’s role as a key platform for deliberating components that drive economic growth, offering a broad range of plenary sessions, in-depth panel discussions, and networking opportunities.

Additionally, a series of in-depth panel discussions and networking events is also organised, addressing critical themes such as the integration of youth in the AI-driven labour market, empowering women in technology, the confluence of Islamic finance and ESG investing, and sustainable solutions in food security.

The Forum will also feature MOCAfest, a marketplace for creative arts that highlights the crucial role of creative industries in economic and social development. This festival offers a dynamic space for artists from diverse backgrounds to unite, displaying their unique artistic talents and facilitating a rich cultural exchange beyond traditional boundaries.

Registration for the 14th WIEF is now open and those who register by or before 15 December will enjoy a 50% discount. For more details on how to participate or exhibit, visit our website at www.14thwief.org, or email media@wief.org.

About ADDED:

The Abu Dhabi Department of Economic Development (ADDED), the catalyst for economic growth and diversification, regulates the business sector in the emirate of Abu Dhabi and leads economic initiatives to achieve a knowledge-based, diversified, and sustainable economy. ADDED adopts best policies and practices based on the latest research and statistics, devotes its efforts to elevate the development across various sectors, and prepares strategic programmes and plans by adopting the best economic and administrative practices, applying the latest technology, and drawing on global expertise.

ADDED strives to improve the investment ecosystem in the emirate by enhancing prospects for cooperation with strategic partners and ensure principles of innovation, transparency, and knowledge-sharing are followed to strengthening the business ecosystem to enhance Abu Dhabi as preferred destination for talent, businesses, and investments.

For further info, please visit: www.added.gov.ae

For media enquiries, mediateam@ded.abudhabi.ae

About World Islamic Economic Forum Foundation (WIEF)

Established in 2006, WIEF Foundation aims to enhance and elevate the economic situation of global communities by encouraging trade and business opportunities, as well as organising various capacity building programmes mainly the annual forum, WIEF.

WIEF and other initiatives by the Foundation bring together government leaders, captains of industry, entrepreneurs, corporate executives and academicians from various fields to discuss current issues that affect and shape the global economy. Programmes within the annual WIEF consists of panel discussions and masterclasses, among others.

14th WIEF, themed Global Economic Agenda: Shaping a Sustainable Future is happening on 6 to 8 February 2024 at Abu Dhabi National Exhibition Centre (ADNEC) in the UAE.

For media enquiries, email media@wief.org or faizah@wief.org or shazana@wief.org.

Reach Announces Platform-Agnostic Global Tax Compliance Solution

Calgary, Alberta, Canada, Dec 5, 2023 – (ACN Newswire) – Already a worldwide leader in providing Merchant of Record services to global businesses, Reach is excited to announce the worldwide expansion of its revolutionary global tax compliance solution. Unlike competing services, the Reach platform is a standalone service that can be seamlessly integrated into a merchant’s existing ecommerce infrastructure without the need for additional coding or technical lift. This service not only eliminates one of the most complicated pain points for online businesses, but Reach also assumes all risk and liability associated with global tax compliance on behalf of merchants. The challenges of selling cross-border into international markets don’t end with payment processing and logistics. Many online businesses don’t realize that they must also be registered with domestic tax authorities and calculate, file, and remit sales tax, VAT, GST and duties. The penalties for not complying with local tax laws can be severe and extend beyond large fines into the realm of criminal prosecution.

“Our aim at Reach is to eliminate pain points that deter or prevent online businesses from selling cross-border and reaching their full revenue potential. By combining our world-leading Merchant of Record model with robust global tax compliance, we are unmatched in the space,” Sam Ranieri, CEO of Reach, said.

With this revolutionary solution, Reach’s Merchant of Record network localizes the customer’s experience to increase conversions while taking on all the complexity of and liability with local tax authorities. This responsibility means that Reach is solely responsible for accurately calculating, filing, and remitting any tax incurred on online transactions, freeing ecommerce businesses from all penalties and liabilities that might arise as a result of improper compliance.

“Online businesses often treat the ecommerce space as the ‘wild west’ where anything goes,” explained Mr. Ranieri. “But international regulatory agencies are more vigilant than ever when it comes to cracking down on businesses that don’t pay what is proscribed by local tax laws. And those crackdowns can be harsh.”

The Reach global tax compliance solution is available globally in over 50 of the world’s largest ecommerce markets, with additional jurisdictions being added on a regular basis. The solution is also not limited by business focus, as it is universally available to any economic sector, from B2C to B2B, for any marketplace or platform, and also for digital and SaaS merchants who struggle with the complexities of global taxation on recurring and subscription payments.

More information on this revolutionary service can be found on the Reach website: https://www.withreach.com/solution/global-tax-compliance.

ABOUT REACH

Reach is a global Merchant of Record that helps businesses scale in international markets, reduce risk and complexity, increase conversions and lower fees. Its vast network of local entities turns every international buyer into a local buyer, giving them the comfort and convenience of paying in their local currencies with the payment methods that they prefer. In addition to market-leading automated FX and global tax compliance, Reach offers a suite of integration options, ranging from no-code plug-and-play access to a powerful and fully customizable API.

For Media Inquiries:
Andrew Cunningham
Head of Marketing & Media
marketing@withreach.com

Contact Information
Andrew Cunningham
Head of Marketing & Media
marketing@withreach.com
15875745011

BluWave-ai and Dubai Taxi Corporation Debut AI Optimization of EV Fleet

OTTAWA, ON, Dec 4, 2023 – (ACN Newswire) – Aligned with COP28 Transport Day and the UAE’s sustainability goals, BluWave-ai and Dubai Taxi Corporation (DTC) announced the results of their collaboration to introduce a revolutionary AI software-driven energy optimization solution for DTC’s fleet of 200 Tesla electric vehicles (EVs) in a world’s first-ever achievement. Dubai Taxi has an ambitious electrification program, replacing conventional fossil-fueled taxis with Teslas in order to meet its sustainability targets, one of the first taxi fleets in the world to do this.

The solution, BluWave-ai EV Fleet Orchestrator automatically solves the problem of when, where, and by how much an EV taxi should charge in order to be charged and ready for service at the right times and avoid missing out on trips while charging. The system optimizes road network and charging/grid side operations in real-time, 24×7 eliminating the need for human operators to manually make decisions to deal with operational challenges. It also reacts to changes in the road network as well as in the charging infrastructure availability.

The deployment of BluWave-ai’s EV Fleet Orchestrator with DTC’s electric fleet has demonstrated significant improvement in operating efficiency for the overall fleet:

– 12% increase in revenue from the EV fleet
– 13% increase in EV paid trip distance driven
– 52% decrease in fossil fueled vehicle km driven to cover EVs while they charge
– Reduced or eliminated need for fast charging, which will result in extended EV battery life.

By going live with BluWave-ai’s EV Fleet Orchestrator, DTC is the first taxi operator to deploy the AI approach. The results show that by saving operational costs, the system quickly pays for itself. As part of the solution, a dashboard is included that provides an easy comprehensive view of the savings and reduction in emissions.

BluWave-ai’s EV Fleet Orchestrator solution runs on a comprehensive city-wide taxi trip demand model built from trip records spanning multiple years of taxi operations. It pulls in operating data from the EV taxi fleet in real time using a direct over-the-air telematics integration to Tesla vehicles via the Smartcar API, as a result of a partnership between the two companies. By registering the DTC Tesla taxis with BluWave-ai via the Smartcar API, real-time data on taxi telematics and state of charge was instantly fed to AI models. These models predicted where and when to best charge and position vehicles for fare maximization while maximizing electric miles on the road and using energy at favourable times for the grid.

“Smartcar is proud to bring our vehicle API technology to the BluWave-ai EV Fleet Orchestrator,” said Sahas Katta, CEO of Smartcar. “This partnership is pivotal in helping reduce carbon emissions from vehicle fleets by enabling BluWave-ai to seamlessly integrate with DTC’s Tesla EV fleets, power AI-driven optimization, and accelerate the path to realizing operational benefits.”

“By hooking up our EV Fleet Orchestrator to the network, once live data comes through to the cloud and starts training models, it quickly is able to optimize the system performance and deploy those models for DTC’s fleet,” said Devashish Paul, BluWave-ai founder and CEO. “We are proud to work with DTC as a forward-thinking taxi fleet operator, having validated the benefits in both operational costs and lifetime cost of ownership.”

To learn more about BluWave-ai’s EV Fleet Orchestrator and how to deploy for your electric vehicle fleet, or to schedule a free consultation meeting at COP28 Dubai with BluWave-ai CEO and lead technical staff, contact info@bluwave-ai.com

Contact Information
Brandon Paul
Senior Corporate Marketing Manager
brandon.paul@bluwave-ai.com

AJ Issenman Joins AELF FlightService as Director of Capital Markets

CHICAGO, IL, Dec 4, 2023 – (ACN Newswire) – AELF announced today that it has welcomed Alexander “AJ” Issenman to the company as Director of Capital Markets. Issenman joins AELF from Seabury Capital, where he served as a Director at Seabury Capital Management focusing on merchant banking and capital markets transactions across the aviation, aerospace and defense sectors within the merchant banking and capital markets group.

“We are grateful to add AJ to our team as we seek to broaden the reach of our leasing business,” said Victoria Ricks, spokesperson for AELF. “AJ’s background and experience make him a great addition to the strategic growth of our portfolio of leased aircraft.”

AELF owns and leases a fleet of A330s which include a mix of high-density seating, dual-class seating, and light cargo configurations. This year the company has begun expanding its investment in 737-800s.

“I’m eager to get into the market with all that AELF has to offer,” said Issenman. “The company’s unique capabilities, creative and nimble approach, offer a lot to airlines and other partners in the industry. I’m excited by all that can be achieved in this new role.”

AELF reports it will seek to put capital resources to work with the acquisition of aircraft subject to lease. “For several years we have focused on acquiring dormant aircraft and sourcing new lessees. With AJ coming aboard, we’re expanding our focus, and leveraging the experience of our team and Board,” Ricks said.

“With significant available capital resources and comfort in acquiring “stub leases” or dormant aircraft, AELF is a perfect partner for fleet phase outs or the sale lease back of a specific aircraft type from an airline’s fleet plan,” Issenman said.

About the AELF Group

Aircraft Engine Lease Finance Inc. (“AELF”), which also conducts business as AELF FlightService, is an experienced leader in commercial aircraft leasing, finance, and air transport solutions for cargo and passengers. AELF is also a shareholder in widebody ACMI operator MalethAero AOC Limited. The group offers a full spectrum of services ranging from long-term operating leases, sale leasebacks and finance sales, as well as short and long-term ACMI contracts. It is unique in its ability to offer wet-to-dry leasing arrangements that enable airlines to test out new routes under Maleth’s operation before embarking on a dry lease with AELF, and unique ACMI partnerships allowing lessors to put their dormant aircraft into revenue service temporarily or long-term, among other custom solutions. Learn more at AELF-FlightService.com. For the latest updates, follow us on LinkedIn, and Instagram.

Contact Information
Helena Padilla Siles
Communications Manager
hpadillasiles@aelf-flightservice.com