Society Pass Inc (Nasdaq: SOPA) Announces Payments Partnership with 2C2P to Enhance the Online Shopping Experience in Southeast Asia

Singapore, Aug 4, 2023 – (ACN Newswire) – Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next-generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announced a strategic payments partnership with 2C2P, a global full-suite payments platform headquartered in Singapore, to drive e-commerce shopping in SEA. Through this partnership, Society Pass’s loyalty application would be able to offer 2C2P’s wide array of alternative payment options to customers based in the Philippines and Indonesia.

2C2P operates payment services in eight markets across Asia and supports over 250 payment options, from cards to cash to e-wallets. Over the years, 2C2P has established and nurtured an extensive network of partners globally, adhering to local and international regulatory compliance standards. The current network includes all major local and international credit cards, over 17 major digital wallets and QR payment platforms, and various alternative payment methods. 2C2P‘s customers can use their preferred payment method via cards, digital wallets, or over–the–counter at over 400,000 locations in Asia. The extensive payment solutions meet the needs of businesses from diverse sectors, including airlines, insurance, marketplaces, retail, F&B, and hospitality.

Amidst the pandemic and its recovery, the adoption of digital payments in the region has accelerated while cash usage has continued to decline. Propelled by a surge in digital commerce and government incentives/initiatives, providers of domestic payments, mobile wallets, and buy-now-pay-later (BNPL) operators, are all witnessing increased adoption by businesses. Forecasts suggest SEA’s digital economy is experiencing impressive growth rates from 2021 to 2026E and will outpace China, Europe, and the US. According to an IDC InfoBrief commissioned by 2C2P, SEA’s digital economy spending will rise by 121% by 2026, and digital payments will reach 92% of total digital economy payments by 2026, up from 80% in 2020.

Rokas Sidlauskas, Chief Marketing Officer of SoPa, commented, “We are excited to announce this strategic payments partnership with 2C2P as it enables Society Pass to offer more flexible and convenient methods to pay for goods and services within our ecosystem to our customers. By integrating leading Southeast Asia digital e-wallets such as AliPay (regional), Touch n’ Go (Malaysia), Momo (Vietnam) or GCash (Philippines) just to name a few into our ecosystem, Society Pass enables millions of customers to access our platforms, ranging from travel (NusaTrip), to e-commerce (Leflair.com), to telecoms (Gorilla Networks), and to digital advertising (Thoughtful Media Group). This is especially important considering that we operate in Southeast Asian markets, where unfortunately, over 75% of people are unbanked and do not possess debit or credit cards”.

Mr. Sidlauskas added, “In partnering with 2C2P, we automatically increase the potential customer-base within Southeast Asia by millions of potential users. We are excited by the prospect of adding value by offering our services to them”.

Rachelle Alexis Lim, Executive Director of 2C2P, said, “As we embark on this strategic partnership with Society Pass, we look forward to enhancing the payments experience of SOPA’s consumers across SEA. This collaboration with SoPa aligns perfectly with our mission to drive e-commerce growth in the region and globally, revolutionising how people transact and unlocking the potential of the digital economy for all”.

About 2C2P

2C2P is a full-suite payments platform helping the world’s leading enterprises securely accept and make payments through one point of integration. Its far-reaching network extends across online, mobile and offline channels including over 400,000 alternative payment locations, enabling enterprises to reach their customers or recipients anywhere. 2C2P also provides value-added services such as issuing, 3D Secure, bill payments and digital goods to meet every business need.

The company is headquartered in Singapore and operates globally. It is the preferred payments platform of tech giants, online marketplaces, retailers and other global enterprises.

For more information on 2C2P, please visit: https://2c2p.com/

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 650,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; and Pushkart.ph, a popular grocery delivery company in Philippines.

For more information on Society Pass, please visit:

Website at https://www.thesocietypass.com or

LinkedIn at https://www.linkedin.com/company/societypass or

Facebook at https://www.facebook.com/thesocietypass or

Twitter at https://twitter.com/society_pass or

Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC as well as anticipated sales growth in Indonesia and the growth of the Indonesian economy. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:

Rokas Sidlauskas

Chief Marketing Officer

rokas@thesocietypass.com

Armor Acquires Quantum Security, Further Strengthening Its Position in the Cloud Security and IT Risk Market

DALLAS, TX, Aug 4, 2023 – (ACN Newswire) – Armor, a leading cybersecurity company providing cloud and hybrid cloud security solutions to businesses globally, today announced its acquisition of Quantum Security, a Singapore-based cybersecurity firm that specializes in cloud automation and services. The acquisition is aimed at enhancing Armor's capabilities in cloud security and IT risk, delivering advanced solutions to its customers across US, EMEA, and Asia Pacific.

As businesses continue to move to the cloud, accelerate adoption of IoT and with the continuous advancement of AI, the traditional security measures are no longer sufficient to safeguard organizations. Armor, as a cloud-native cybersecurity company, understands the unique challenges of securing hybrid cloud and offers comprehensive and scalable security solutions to protect critical data and applications while ensuring compliance with security standards such as PCI, HIPAA, GDPR and many more. Quantum Security's expertise in cloud automation and services will complement Armor's existing capabilities and help the company deliver more comprehensive solutions to its customers.

Chris Drake, Founder and CEO of Armor, said, "We are thrilled to welcome Quantum Security to the Armor family. Their deep expertise in cloud automation and services, coupled with Armor's proven track record of providing secure cloud solutions, will enable us to offer more value to our customers and further strengthen our position in the cloud security market."

Luke Fritz, Head of Product and Engineering at Quantum Security, said, "We're excited to join the Armor team and for the opportunity to bring the cloud-native, customer-centric solutions we've built to a broader audience. We're equally excited for the technological opportunities and what we can build together – leveraging both companies' extensive experience developing solutions that simplify security and compliance."

The acquisition marks a significant milestone for Armor, as the company continues to expand its capabilities and reach in the cloud security market. Armor's acquisition of Quantum Security expands its global footprint of clients and personnel and underlines its commitment to invest in research and development, as well as strategic acquisitions, to deliver advanced cloud security solutions to its customers.

About Armor

Armor is a cloud-native cybersecurity company providing cloud security & risk solutions to businesses globally. With over 2,000 businesses secured, Armor's cloud security platform offers comprehensive and scalable security solutions to protect critical data and applications. The company is headquartered in Dallas, Texas, and has offices in the United States, Europe, and now Singapore. For more information, visit www.armor.com.

Contact Information
Armor PR
Armor Corporate Communications
press@armor.com
877 262 3473

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Sewio Reports Record-Breaking Fiscal Year

Houston, TX, Aug 2, 2023 – (ACN Newswire) – Sewio, a UWB-based real-time location system (RTLS) vendor, announces an exceptional 71% annual billing growth for FY 2022, showcasing its accelerated adoption and recognition as first-time-right technology for Industrial RTLS.

Sewio Record Fiscal Year

Sewio's remarkable fiscal year witnessed a significant global expansion, with services now available in 15 additional countries, making for a total presence in 45 countries worldwide. This expanded footprint underscores Sewio's adaptability to various market needs and reinforces the company's viability as a leader in the RTLS industry.

The company's solutions have been chosen by several industry giants, with names such as Denso, Volvo, Hyundai, KIA, Witte, Arconic, Engel, and Scania among its valued customers. Furthermore, Sewio's RTLS technology has been deployed across 1,672,000 square meters of industrial shop floors in FY2022, marking a significant milestone towards the company's ambitious vision to transform 10,000,000 m2 by 2028.

"Sewio's unprecedented growth in fiscal year 2022 signifies a pivotal moment in our journey," said Milan Simek, CEO and Co-founder of Sewio "Our steadfast dedication to providing cutting-edge RTLS solutions has enabled us to enter new markets and strengthen our relationships with both our partners and industry leaders. We remain committed to our mission to create the most efficient and safe environments possible and look forward to another year of innovation and growth."

Additionally, Sewio has further expanded the world's largest RTLS partner network, welcoming 20 new partners and increasing the total to 112 with a strong presence of 78 in Europe and 17 in the USA. It remains committed to its customer-centric approach, with the broad partner network allowing clients to select from a pool of unique expertise.

Looking forward, Sewio aims to continue its momentum into its 10th year in the market, focusing on further innovation, growth, and success. The upcoming annual Sewio Summit, scheduled to take place in Prague, Czech Republic this September, will be an exciting platform to explore the future of RTLS and celebrate the company's achievements.

For more information about Sewio and its suite of RTLS solutions, please visit: https://www.sewio.net/sewios-record-breaking-fiscal-year-7-aspects-of-remarkable-growth-in-fy-2022/

About Sewio Networks

Sewio Networks is a manufacturer of a real-time location system (RTLS) that drives business results for manufacturers, warehouses, distribution centers, OEMs, and more. The Sewio system is built on ultra-wideband technology (UWB) and delivered with RTLS Studio, remote management and visualization software.

By giving partners and customers a precise, easy-to-integrate, reliable and fully scalable IoT solution for indoor location tracking, this enables companies to achieve greater efficiency, profitability and safety. Founded in 2014, Sewio has offices in the USA, UK, Germany and the Czech Republic. Sewio has 100+ system integration partners and powers customers in 45 countries. Sewio customers include Volkswagen, Toyota, Budweiser Budvar, TPCA, Skoda and ENEL. All product and company names herein are trademarks of their respective owners.

Contact Information
Petr Passinger
CMO
petr.passinger@sewio.net
+420777144172

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Go Bigger, Go Smarter with Amazfit Bip 5

KUALA LUMPUR, Aug 2, 2023 – (ACN Newswire) – Zepp Health Corporation (Zepp, NYSE: ZEPP), a leading specialist in smart wearables and health technology, proudly announces the global debut of its latest innovation, the Amazfit Bip 5. Boasting the most substantial screen among global offerings, the Amazfit Bip 5 is the first in the Bip series to integrate the versatile Zepp OS. This feature-rich smartwatch sets a new benchmark in user experience, far exceeding expectations for entry-level devices.

Student of Oneworld Hanxin College, Ms. Michelle Yoong, praises the Amazfit Bip 5's affordability and customization features. "The cream white of the Amazfit Bip 5 is simply stunning. For a budget-conscious student like me, it offers excellent value. The large screen perfectly displays all critical information, from my personal data to direct messages and more. Moreover, with over 70 stylish watch faces, it offers impressive customisation options, even allowing me to upload personal photos to the watch. It's fantastic!"

Ms. Cassandra, an executive at The Interview Media Group, lauds the Amazfit Bip 5's practicality. She shares, "The built-in microphone and speaker enable Bluetooth phone calls directly from the watch, streamlining my life significantly. It also monitors my health, gives reminders and tracks menstrual cycle, which is invaluable during my fast-paced work week."

The Amazfit Bip 5 sports a 1.91" ultra-large high-resolution touchscreen and the cutting-edge Zepp OS 2.0, supporting 70+ apps, including 30+ mini games. Other smart features like Amazon Alexa, Morning updates, and a slightly curved glass screen, for a more natural view, enhance the user experience. It even supports a Portrait Watch Face option, allowing users to switch to up to three uploaded pictures.

As the most advanced smartwatch in the Bip series, the Amazfit Bip 5 leverages the health-focused Zepp OS 2.0 and the BioTracker(TM) PPG sensor, enabling 24-hour blood oxygen saturation monitoring, along with heart rate and stress levels. Users can set alerts for these three metrics and are notified if abnormal readings are detected.

The Amazfit Bip 5 doesn't hold back when it comes to fitness, featuring over 120 workout modes. Users can auto-detect seven sports, or access real-time sports data read-outs via the built-in speaker for a smarter workout experience.

Even after the workout, the Amazfit Bip 5 continues to impress. The incorporation of Amazfit's PeakBeats(TM) algorithm offers a detailed analysis of exercise data like VO2 Max. Users can then share this information with fitness apps like adidas Running and Strava, through the Zepp App.

From 5-8 August, the Amazfit Bip 5 is exclusively available on Shopee at a special launch price of RM319 for the first 200 Bip 5, with the price set at RM329 thereafter.

Availability

All featured Amazfit products are available for purchase at Amazfit's e-commerce partner platform https://bit.ly/Amazfit-Shopee-BIP5 and https://bit.ly/Amazfit-Lazada-BIP5.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

OSIM Unveils South Korean Actor Hyun Bin as Ambassador for Next Generation uDream Pro Well-Being Chair

MALAYSIA, Jul 24, 2023 – (ACN Newswire) – OSIM, the leading innovator of Wellness Tech products and solutions, has unveiled South Korean actor Hyun Bin as its ambassador for the next generation flagship product – the uDream Pro well-being chair. Imbued with the latest Wellness Tech innovations and designed as a sophisticated style statement, the next generation uDream Pro is the latest articulation of OSIM's best in class well-being solutions.

OSIM solutions span the health, fitness, beauty and gaming sectors and are all designed to enable customers to feel good, stress less, sleep better and live heathier and happier lives. The acclaimed actor is partnering OSIM as the company continues to expand its ecosystem of Wellness Tech solutions.

Ms Chia Sook Fun, General Manager of OSIM Malaysia said, "We are delighted to welcome Hyun Bin as our ambassador. His dedication to his craft and commitment to excellence resonate strongly with our mission to inspire and improve the world's well-being."

OSIM has sought out and partnered with like-minded global brand partners and artistes based on shared values such as innovation and creative excellence – exemplified by this latest partnership with Hyun Bin.

Hyun Bin said, "A perfect day to me is one that strikes a good balance between work and rest. With OSIM's uDream Pro, I am able to enjoy personalized massage techniques with a single touch through artificial intelligence (AI) analysis and relax while stabilizing the various senses of my body with the '5-Senses Experience'. It is a technology that provides suitable management for the condition of each day and helps to lead a healthy daily life."

Focus On Continuing Innovation for The Next Generation Well-being Chair

In its ongoing mission to introduce new innovations to consumers around the world, OSIM has pioneered the use of leading-edge Wellness Tech in its ecosystem of solutions. This move has successfully elevated the traditional massage chair to a new standard in well-being chairs.

Better than a massage chair, the uDream Pro is the world's first well-being chair to incorporate AI in the measuring, monitoring, and managing of stress and fatigue for users. It also features an industry-first innovation designed to enhance an immersive stress relief experience. With just one touch of a button, users are transported to one of three different paradise experiences – Aurora Night, Sunset Beach or Nature Bliss. Senses are awakened through guided massage programs synchronized with relaxing imagery, soothing voice guidance, enchanting music and mood-enhancing ambient lighting. Users can also opt to engage their olfactory sense by using the DreamScent Aroma Pods to complete the five-senses stress relief experience.

Seamlessly weaving OSIM's latest innovations such as AI features with elegantly executed design motifs inspired by nature, the uDream Pro is artfully created with technology and design excellence. It is also integrated with the OSIM Well-Being App to provide users with a total well-being experience that can be measured, monitored and managed in the comfort of their homes.

OSIM Wellness Tech Deploys AI to Deliver Truly Customised De-Stress Programmes

With 14 patented features that combine to create a unique OSIM stress relief experience that cannot be replicated, the uDream Pro harnesses best-in-class technology from OSIM's own R&D labs to address the harmful effects of long-term stress on the human body.

Collaborating with internationally renowned professionals such as cardiothoracic surgeon Dr Thomas Burdon from Stanford University and Japanese chiropractic massage expert Sato Tsuyoshi-san, the uDream Pro uses electrocardiogram technology to accurately measure stress signals of the body, as well as deploys AI-powered biometric algorithms to determine body tension scores. These signals and scores are then analysed to deliver individually customised stress relief programmes that are effective.

Data From uDream Pro Users Indicates Improved Mental And Physical Health

Anonymised body tension scores collected from uDream Pro users before and after each well-being session show a general decline in tension felt[1]. The scores revealed that:

– 78.72% (about 8 in 10 users) experienced an immediate reduction in short-term stress and improved state-of-mind after one use; and
– 87.23% (about 9 in 10 users) experienced a decline in long-term stress and improved overall mental and physical health with repeated use over a period of 6 months.

Hyun Bin Embodies The uDream Pro Vision Of Sophisticated Wellness Technology

A respected, award-winning actor in the entertainment industry and a household name, Hyun Bin is among the most influential actors in South Korea and has captivated audiences with his striking onscreen presence and versatile range of performances. His career spans more than two decades and includes leading roles in internationally popular dramas such as Crash Landing On You and Memories of the Alhambra as well as movies such as Confidential Assignment and The Negotiation.

Hyun Bin shares more about his philosophy to work-life balance and overall well-being in an exclusive OSIM video feature on Youtube.

The new generation OSIM uDream Pro retails in Malaysia at a promotional price from RM436.47 per month with zero interest instalments up to 60 months and it is available at osim.com.my and at all OSIM stores. Visit OSIM stores now to enjoy an extraordinary wellness experience.

OSIM https://www.osim.com.my/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Driving Industry Advancement Through Innovation: CITIC Telecom CPC Wins 2023 Business GOVirtual Tech Awards for First Time and Championship in the 6th Industrial Internet Data Innovation and Application Contest

HONG KONG, Jul 21, 2023 – (ACN Newswire) – CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883) has been highly recognized and praised by people from all walks of life for years for its "Innovation Never Stops" vision, deep industry expertise and commitment to continuous innovation. CITIC Telecom CPC is pleased to announce its AI-AR Remote Hand Service has won "Tech Company of the Year (AI Application) – Excellence Award" at "2023 Business GOVirtual Tech Awards" and the Championship of "Hydrogen Fuel Cell System Average Performance Forecast"Award in the 6th Industrial Internet Data Innovation and Application Contest. These awards testify to CITIC Telecom CPC's unwavering core value of "innovation and intelligence", while continuously strengthening its professional expertise and international positioning as a leading world-class DICT service provider.

CITIC Telecom CPC shines in the first-time participation at the "2023 Business GOVirtual Tech Awards", winning the "Tech Company of the Year (AI Application) – Excellence Award"

CITIC Telecom CPC's Data Science and Innovation Team wins the Championship of "Hydrogen Fuel Cell System Average Performance Forecast" Award in the 6th Industrial Internet Data Innovation and Application Contest

Distinguished awards won by CITIC Telecom CPC in recent months including:
– AI-AR Remote Hand obtained "Tech Company of the Year (AI Application) – Excellence Award" at "2023 Business GOVirtual Tech Awards" presented at BUSINESS GOVirtual Expo & Conference.
– Championship of "Hydrogen Fuel Cell System Average Performance Forecast" Award in the 6th Industrial Internet Data Innovation and Application Contest jointly organized by The China Academy of Information and Communications Technology (CAICT) and People's Government of Baoan District in Shenzhen.

First-time Participant and Winner of "2023 Business GOVirtual Tech Awards"

2023 Business GOVirtual Tech Awards aim to recognize tech industry players who actively fosters digital transformation in Hong Kong and Greater Bay Area, and demonstrate excellence in providing cutting-edge products and services. CITIC Telecom CPC brings home "Tech Company of the Year (AI Application) – Excellence Award" for its AI-AR Remote Hand Service, affirming the company's outstanding capabilities in intelligent innovation, continuous efforts in developing new innovations for the industry as well as determination and contribution towards driving industry transformation.

As a reputable award-winning solution in various international and industry awards, AI-AR Remote Hand Service integrates AI and AR technologies with CITIC Telecom CPC's advanced visual technologies and AI algorithm to strengthen data analytics capabilities, enabling frontline staff to have better computer vision ability and enhanced work efficiency through smart AR devices. It also helps field engineers and remote support team to seamlessly work together without geographical boundaries. The service can be applied across different types of industries, bringing easy and efficient work experiences and creating new business values for enterprises.

Mr. Brook Wong, Chief Executive Officer of CITIC Telecom CPC said, "These awards are a recognition of the ongoing efforts and determination of our team. We strive to develop ground-breaking solutions to help our customers achieve their goals, fully demonstrating the joint efforts of our team in aspiring to excellence and cutting-edge professional technology capabilities. CITIC Telecom CPC possesses top-notch capabilities and rich expertise, and is dedicated to fostering technology and innovation development by leveraging our Group's extensive global resources. We will continue to enhance data intelligence in different industrial scenarios, integrate more advanced big data and computing algorithms, and provide high-quality and innovative ICT products and services to customers from all walks of life. Our team will continue to work together to unleash more possibilities and make greater breakthroughs in technology and innovation."

Leveraging Own Computing Platform to Win Key Prestigious Awards

CITIC Telecom CPC data science and innovation team shines again in AI innovation contests in China. The team has participated again this year in a distinguished industrial data technology contest – the 6th Industrial Internet Data Innovation and Application Contest , and took home the Championship of "Hydrogen Fuel Cell System Average Performance Forecast" Award, in recognition of the team's innovative capabilities in algorithms and intelligent applications.

Jointly organized by The China Academy of Information and Communications Technology (CAICT), People's Government of Baoan District in Shenzhen and a lineup of renowned enterprises, the Contest attracted 985 universities and 12,000 teams all over China to participate. The Contest is a national event renowned for big data technologies, focusing on national strategy planning and solving pain points and innovation problems in the manufacturing industry.

With years of AI technology development, the data science and innovation team of CITIC Telecom CPC integrated AI and data in this Contest and used multivariate feature extraction strategy to extract nearly 22G data for detailed analysis and processing. The team used proprietary algorithm technology to perform computing on its own cloud platform SmartCLOUD(TM), and built a machine learning model based on hydrogen fuel cell mechanism. The team won in both preliminary and semi-finals, and got the Championship of "Hydrogen Fuel Cell System Average Performance Forecast" Award in the final contest after a thorough explanation and problem solving session with the judging panel. CITIC Telecom CPC will continue to enhance the digitalization of industrial scenarios and develop more AI and business-oriented solutions. In the era of "Digital China" economy, CITIC Telecom CPC helps create new business models for manufacturing companies and unlock the full potential of digital transformation in the Industry 4.0 era.

Mr. Ivan Lee, Vice President of Information Technology Services and Data Science of CITIC Telecom CPC said, "Our corporate vision, Innovation Never Stops, is the driving force behind our achievements. By integrating the powerful capabilities of big data and algorithms, we solve pain points for enterprises while realizing AI potential and business benefits. In the Industry 4.0 era, we are actively creating AI technologies and industry models for enterprises, and continuously developing innovative ICT solutions tailored to market needs to accelerate customers' digital transformation."

Embracing Innovation – Connecting the Future

With the advent of ChatGPT, AI industry has entered into a new development stage. Large-scale AI models are a disruptive technology that is gaining increasing attention from both the market and enterprises. CITIC Telecom CPC has noticed more enterprises in the industry are increasingly deploying AI technology and industry-specific large models, and even enterprise-specific large models. Leveraging its "Cloud, Network, Intelligence, Security" integrated platform, CITIC Telecom CPC actively "builds large models exclusively for enterprises", and accelerates model construction and iteration through "small model" scenarios and intelligent applications to assist enterprises in faster implementation. Large-scale models have begun to explode in businesses, and AI has been deployed in thousands of industries with the growth of computing power. Data growth and model complexity are twin issues of AI technology, and data security has become a vital issue. Enterprises must put in place a good security strategy to achieve a balance between innovation and security.

About BUSINESS GOVirtual Expo & Conference

BUSINESS GOVirtual Expo & Conference gathers leading IT companies and solutions providers under one roof to demonstrate their latest technologies. It is the one and only platform in town to showcase key technological advancements for social and business engagement for the new digital era.

About China Industrial Internet Data Innovation and Application Contest

As a prestigious big data technology contest initiated by The China Academy of Information and Communications Technology, this year's Contest was jointly organized with People's Government of Baoan District in Shenzhen, Dongfang Electric Corporation, Dongfang Electric (Chengdu) Hydrogen Fuel Cell Technology Co., Ltd., TCL China Star Optoelectronic Technology Co., Ltd., Alibaba Cloud Computing Co., Ltd. (Tianchi Platform), focusing on national strategy planning and solving pain points and innovation problems in the manufacturing industry.

About CITIC Telecom CPC

We are CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

With the motto "Innovation Never Stops," we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.

With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across nearly 160 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 60 SDWAN gateways, 21 Cloud service centers, 30+ data centers, and three dedicated 24×7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.
For more information, please visit www.citictel-cpc.com

Media Contacts:
Catherine Yuen
CITIC Telecom CPC
+852 2170 7536
Email: catherine.yuen@citictel-cpc.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Inc’s (Nasdaq: SOPA) Travel Subsidiary, NusaTrip Inc, Acquires IATA-licensed Vietnam International Travel and Service JSC; Acquisition Adds Approximately US$2 million in GMV to NusaTrip Revenue Base

● NusaTrip Inc acquires first IATA-licensed travel agency out of Indonesia; creates beginnings of regional online travel platform in SEA

● The acquisition of Vietnam International Travel and Service JSC onboards approximately US$2 million of in GMV to NusaTrip Revenue Base

Jakarta, July 20, 2023 – (ACN Newswire) – NusaTrip Inc (“NusaTrip”), the online retail arm of Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it has acquired Vietnam International Travel and Service JSC (“VIT”), a IATA-licensed, full-service travel agency focused on marketing to the Vietnam inbound and outbound segments.

NusaTrip previously acquired VLeisure, Vietnam’s leading provider of hotel management and payment solutions, in April 2023. Patrick Soetanto, NusaTrip CEO, comments on the acquisition, “VIT is the first IATA-licensed travel acquisition we have made outside of Indonesia. Our business plan calls for acquisitions of other IATA-licensed travel agencies throughout Asia Pacific in 2023, including Philippines, Thailand, Singapore, Malaysia, Hong Kong, China, India and UAE, as we position NusaTrip to be the premier travel hub in SEA. According to Phocuswright, gross bookings in SEA by 2025 will reach 94% of the record 2019 level and digital transformation will accelerate rapidly across SEA, with online bookings more than doubling between 2022 and 2025. Effectively, the region has reverted back to pre-pandemic levels. We are growing NusaTrip at the opportune time.”

Founded in Vietnam since 2016, VIT operates inbound and outbound ticketing businesses targeted at corporate and travel tour segments. Nguyen Ngoc Minh, Founder and Managing Director of VIT, explains his rationale for selling to NusaTrip, “SoPa and NusaTrip are known leaders in the SEA and Vietnamese e-commerce and travel sectors. I am proud to sell VIT to NusaTrip as I know NusaTrip will greatly expand VIT’s business here in Vietnam. I wish both SoPa and NusaTrip the best luck going forward.”

Le Phan, NusaTrip Managing Director and VLeisure Founder, adds, “I am especially excited about this acquisition as it will only add to the breadth and depth of NusaTrip and VLeisure’s product offering in Vietnam. Statista projects the Vietnam travel market to reach US$3.0 billion in 2023. Total market size is expected to reach US$4.2 billion by 2027, reflecting an annual growth rate of 8.8%. We intend to leverage VIT’s strong presence in the corporate and tour markets here in Vietnam to drive strong revenue growth for NusaTrip in 2023.”

The Vietnam economy is the 5th largest in SEA and 34th largest in the world with a 2023 nominal gross domestic product of US$449 billion. The World Bank forecasts Vietnam’s economy to grow by 6.3 percent and 6.4% in 2023 and 2024, respectively, after a robust 8 percent in 2022.

About Society Pass Inc.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

For more information on Society Pass, please visit:

Website at https://www.thesocietypass.com or

LinkedIn at https://www.linkedin.com/company/societypass or

Facebook at https://www.facebook.com/thesocietypass or

Twitter at https://twitter.com/society_pass or

Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

Media Contacts:

Rokas Sidlauskas

Chief Marketing Officer

rokas@thesocietypass.com

National ICT Confederation of the Philippines (NICP) joins World Cloud Show

National ICT Confederation of the Philippines (NICP) partners with World Cloud Show to drive cloud adoption and digital transformation in Manila.
The 21st global edition of World Cloud Show is scheduled to take place on 17th August 2023 atEdsa Shangri-La in Manila, Philippines.
Join the event to explore the latest trends and innovations in the Philippine cloud market and get closer to achieving seamless cloud migration.

MANILA, July 19, 2023 – (ACN Newswire) – The National ICT Confederation of the Philippines (NICP) has joined forces with World Cloud Show, the leading global event focused on cloud technologies and digital transformation. The partnership aims to drive cloud adoption and foster digital innovation in the Philippines. The 21st edition of World Cloud Show, organised by Trescon, is scheduled to take place on 17th August 2023 atEdsa Shangri-La in Manila, Philippines.

World Cloud Show is a thought-leadership-driven event that brings together industry experts, decision-makers, and technology enthusiasts to explore the latest trends and advancements in cloud computing. With a focus on cloud adoption and digital transformation, the event provides a platform for enterprises and governments to exchange ideas, share best practices, and leveragethe power of cloud technologies.

The Manila edition of World Cloud Show offers a unique opportunity to witness the latest trends andinnovations in the Philippine cloud market. Pre-qualified CIOs, CEOs, CTOs, Heads of Research, Industry Practitioners, IT Decision Makers, and Cloud Computing Experts from various industries across the regionwill gather to discuss key topics such as Cloud Native, Intelligent Cloud, Collaborative Leadership, Data Visualisation & Management, Smart Data Centres, Sustainable Cloud, and Cloud Transformation.

Confirmed speakers at the event include industry leaders and visionaries shaping the future of cloud adoption and digital transformation in the region. Among the notable speakers are Tr Mon Gutierrez, Chiefof Staff for the Office of E-Government, DICT

Mary Joy Abueg, President, National ICT Confederation of the Philippines (NICP)
Gemma Rose Dublan, Chief Information Officer, Cybersecurity Philippines
Hector Melencio, Assistant Vice President of the Information Technology Department and Deputy DataProtection Officer, Philippine Amusement and Gaming Corporation (PAGCOR)
Mark Rivera, Country Chief Information Officer, Sodexo
Charlie Valerio, Chief Information Officer, Aboitiz Power Corporation
Alex Ustaris, Chief Technology Officer, PHINMA Education Holdings Inc.
Marlon Sorongon, Chief Information Security Officer, Maybank
Carlos Tengkiat, Chief Information Security Officer, Rizal Commercial Banking Corporation

The event is officially supported by the National ICT Confederation of the Philippines, the Asia Cloud Computing Association and Data Centre Association of the Philippines. Additionally, the event is excited tohave Cybersecurity Philippines CERT join as its community partner.

Mohammed Saleem, Founding Chairman of Trescon, expressed his enthusiasm about the event and the partnership with NICP, saying, “We are delighted to have the National ICT Confederation of thePhilippines join us for the Manila edition of World Cloud Show.

Together, we aim to create a platform that enables enterprises and governments to harness the potential ofcloud technologies and drive digital transformation.”

NICP’s involvement in World Cloud Show signifies a shared commitment to promoting foreign and localinvestments, balanced development, and the transformation of the

Philippines into a competitive provider for global services. By aligning with NICP’s vision, World Cloud Show aims to contribute significantly to inclusive countryside development through the use of cloudtechnologies.

“NICP’s partnership with World Cloud Show marks a significant step towards accelerating cloud migrationand digital transformation in Manila,” said Naveen Bharadwaj, CEO of Trescon. “We are privileged to collaborate with NICP and bring together key stakeholders to drive innovation and foster sustainable growthin the cloud computing landscape.”

Registration for World Cloud Show Manila is now open. To secure your place and learn more about the event,please visit: https://worldcloudshow.com/manila/

About Trescon

Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. Its summits, expos, and conferences create real economic impact by connecting and empowering key stakeholders, including government organizations, regulators, enterprises, corporates, and more. With a team of over 250 employees across offices in 6 countries, Trescon has helped clients achieve exponential growth, acceleratemarket entry, and build valuable partnerships. For more information about Trescon, visit:www.tresconglobal.com

For media inquiries, please contact:
Nupur Aswani
Head – Media, PR and Corporate Communications, Trescon
+91 95559 15156 | media@tresconglobal.com

mindzie Revolutionizes Business Process Improvement With New Automated Actions Engine in Its AI-Driven Process Mining Platform

DALLAS, TX, Jul 18, 2023 – (ACN Newswire) – mindzie, inc. ("mindzie"), a leading provider of Generative AI-Driven process mining and business process optimization software, is proud to announce the addition of a groundbreaking Automated Actions Engine to its flagship platform, the mindzie studio. This innovative feature empowers users to seamlessly transition from identifying process improvement opportunities to taking proactive and tangible actions, all within a single platform.

Process mining has long been recognized as a powerful tool for uncovering bottlenecks, inefficiencies, and areas of improvement within complex business processes. However, until now, organizations faced the challenge of bridging the gap between insight and action. With the introduction of the Automated Actions Engine, mindzie revolutionizes the process improvement landscape, allowing users to drive real change with unprecedented speed and efficiency.

Key features of the Automated Actions Engine include:

1. Customizable Automation Rules: The engine enables users to define personalized automation rules tailored to their organization's specific needs. Whether it's automating routine tasks, triggering notifications, or initiating process adjustments, the Automated Actions Engine offers unparalleled flexibility and adaptability.

2. External System Integration: Users can easily define and implement automated actions that seamlessly integrate other systems. This will enable users to schedule or trigger actions to update records within their ERP, launch RPA bots, notify managers through Slack or MS Teams, and more. Providing limitless possibilities to go from insight to action.

3. Pro-Active Process Triggers: Leveraging the power of near real-time data and advanced analytics, the engine continuously monitors process performance and triggers automated actions based on predefined thresholds or conditions. This ensures that potential issues are promptly addressed, enhancing overall process efficiency and effectiveness.

"mindzie is focused on empowering organizations with the tools they need to drive operational excellence," said James Henderson, mindzie's Chief Executive Officer. "With our already embedded Generative AI and now the new Automated Actions Engine, users can not only identify improvement opportunities but also take immediate action, driving efficiency, reducing costs, and enhancing customer experiences like never before. This powerful combination of AI-Driven process mining and automated actions truly revolutionizes the way organizations approach process improvement."

The mindzie studio is available in Cloud Hosted, Enterprise On-Premise, Desktop Professional Edition, and Free Desktop Edition, allowing companies to select the platform that best fits their unique requirements.

For more information, please contact https://mindzie.com/contact/

Contact Information
mindzie media
Media Relations
info@mindzie.com
866-646-3943

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Ascendiant Capital Markets: Initiation of Research Coverage for Society Pass Inc (Nasdaq: SOPA) – US$ Billion Market Potential Due to Fast Growing Online Platform in Attractive Southeast Asia Markets

New York, July 12, 2023 – (ACN Newswire) – Ascendiant Capital Markets LLC (“Ascendiant“) initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company“).

Click Here (on Society Pass website) or Here (on Ascendiant Capital Markets website) to view the full Ascendiant Capital Markets Equity Research Report.

Summary Points:

• Initiation of research coverage: SOPA is building the next generation, data-driven, fintech, and e-commerce digital platform in Southeast Asia (“SEA“). Ascendiant initiates coverage of SOPA with a BUY rating and a 12-month price target of $3.50.

• US$ billion market potential: Ascendiant believes growth prospects drive approximate billion dollars market potential.

• Loyalty platform: SOPA’s ecosystem of technology-enabled companies synergistically work together to transform how consumers and merchants interact with one another through generation of customer loyalty, ease of transaction, and revenues for merchants. As more merchants and consumers in SEA register on SOPA platform, more transaction data is generated, and thus presenting more opportunities for creating loyalty from consumers to merchants.

• Lifestyle platform: “Leflair” branded online lifestyle platform in Vietnam enables consumers to purchase high-end brands in many categories. Using SOPA’s smart search engine, consumers search or review their favorite brands among hundreds of choices in various categories, including Apparel, Bag & Shoes, Accessories, Health & Beauty, Home, Women, Men and Kids & Babies categories.

• Digital advertising platform: Thoughtful Media Group’s (“TMG“) global multi-platform network has executed tens of millions of dollars in advertiser branded content.

• Travel platform: Indonesia based NusaTrip is a leading SEA OTA (online travel agent), having connected 80+ million unique visitors directly to 500+ airlines and 200,000 hotels around the world.

• Market opportunities: Ascendiant believes that continued strong economic expansion, robust population growth, rising level of urbanization, emergence of the middle class, and increasing rate of adoption of mobile technology provide large and fast growing market opportunities for SOPA.

• Revenue growth strong: Ascendiant has modeled high revenue growth in 2023 (+114%) and 2024 (+99%) and thereafter to scale up significantly which should drive improved margins and profitability.

• Major acquisition: SOPA’s recent acquisition (announced on 07 July 2023 and expected to close by September 2023) of 95% of PT Inetindo Info will significantly contribute to SOPA results going forward due to Inetindo’s annual revenue of approximately US$30 million.

• Current valuation attractive: Ascendiant calculates a 12-month price target for shares of Society Pass to be $3.50 based on a NPV analysis, representing significant upside from the current share price.

About Society Pass Inc.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com