May 30, 2024
Masan High-Tech Materials Group and Mitsubishi Materials Corporation Group Signed Definitive Agreements

HO CHI MINH CITY, Vietnam, May 30, 2024 /PRNewswire/ -- Masan High-Tech Materials (HNX-UpCOM: MSR, "MHT" or "Company") Group announced the signing of definitive agreements with Mitsubishi Materials Corporation ("MMC") Group (together with MHT Group, the "Parties"):

  • MMC Group will acquire 100% of H.C. Starck Holding (Germany) GmbH ("HCS") from MHT Group for equity purchase price of USD134.5 million.
  • The Parties will enter into a long-term, win-win APT and tungsten oxide offtake agreement.
  • Masan will retain its ownership in Nyobolt, a fast-charging tungsten and niobium-based battery technology company based in the United Kingdom.
  • Masan will also retain potential monetary upside from future commercialization of black mass recycling technology developed by HCS.

Transaction proceeds will be used to reduce MHT's outstanding debt balance, consistent with Masan Group's target to reduce Net Debt to EBITDA to below 3.5x. Masan is expected to report a one-time profit gain of approximately USD40 million as a result of the transaction and benefit from long-term NPAT uplift of USD20-30 million.

Nyobolt is starting to scale and commercialize its operations. In July 2023, Nyobolt unveiled an EV concept with 6-minute charging time and has signed Head of Terms with two major commercial customers. There is monetary upside for Masan as Nyobolt starts to commercialize its innovative tungsten-niobium battery technology.

Danny Le, Chief Executive Officer of Masan Group and Chairman of MHT, commented: "We will focus on rebuilding MHT to the lowest cost producer of tungsten to maximize cash flows.  At the same time, we will continue to explore strategic alternatives to transform Masan Group into a consumer pure-play. Less is more."

MMC Group's acquisition of HCS plays to its strengths in the mid-stream and down-stream tungsten value chain. The acquisition will provide MMC Group with access to HCS's production hubs in Europe, North America and China as well as a comprehensive tungsten scrap recycling platform backed by proprietary intellectual property including 90 worldwide patents and another 53 patents in the application phase. The transaction marks the next step of business cooperation between the Parties, representing a unique opportunity to create an end-to-end global tungsten alliance.

Kazuo Ohara, President of MMC's Metalworking Solutions business, said: "We are very pleased to continue to partner with MHT Group and are confident that we can add to the continued success of MHT Group and HCS, leveraging MMC Group's deep expertise and network. This transaction represents an important milestone in the execution of our FY2031 strategy to further grow in the tungsten industry and contribute to a recycling-oriented society."

UBS AG Singapore Branch acted as the financial advisor to MHT. The closing of the transaction is expected by the end of 2024 and is subject to customary corporate and regulatory approvals.


Masan High-Tech Materials is the global leader in providing advanced tungsten materials used in key industries such as electronics, chemical, automotive, aviation and aerospace, energy and pharmaceuticals with production facilities in Vietnam, Germany, Canada and China, servicing the world. As the largest manufacturer of mid-stream Tungsten products outside of China, the Company has two research and development centres in Germany and Vietnam, and it is currently operating the Nui Phao polymetallic mine and a state-of-the-art tungsten processing plant in Thai Nguyen province. Masan High-Tech Materials is also a globally significant producer of Fluorite and Bismuth.



HCS, a wholly owned subsidiary of Masan High Tech Materials, is the world's leading manufacturer of high-quality tungsten powder tailored to individual customer needs. The company combines a century of experience in tungsten processing with high innovative power and technological expertise. Decades of experience in recycling and access to the world's largest tungsten reserves outside of China, owned by the company's parent group Masan High-Tech Materials, ensure stable supply with conflict-free raw materials. H.C. Starck Tungsten Powders employs around 540 people at three production sites in Germany, Canada and China plus sales offices in the U.S. and Japan. The company's headquarter is at its largest production site, in Goslar, Germany.



MMC Group is an "integrated materials manufacturer." MMC Group meets customers' needs by providing such basic materials as copper and cement. MMC Group also manufactures and sells mechanical parts, electronic materials and components used in automobiles, home appliances etc., as well as the tools used to make them. MMC Group is also involved in recycling and energy business.

MMC Group, under the corporate philosophy "For People, Society and the Earth," pursues the vision of "Circulating resources for a sustainable future" and the mission of "Create a sustainable future (a prosperous, recycling-oriented and decarbonized society)". Going forward, MMC Group will continue to build a richer society by making unique materials that meet customers' needs and providing processing solutions best suited to each customer.


Phu Duong
Email: ir@msn.masangroup.com

Pham Thi Hong Van
Email: vanpth@msn.masangroup.com

This press release contains forward-looking statements regarding Masan High-Tech Materials' expectation, intentions or strategies that may involve risks and uncertainties. These forward-looking statements, including Masan High-Tech Materials' expectations, involve known and unknown risks, uncertainties and other factors, some of which are beyond Masan High-Tech Materials' control, which may cause High-Tech Materials' actual results of operations, financial condition, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You should not rely upon forward-looking statements as predictions, future events or promises of future performance.

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SOURCE Masan High-Tech Materials

Sg's deep tech
May 30, 2024
Truecaller surpasses 400 million active users

STOCKHOLM, May 30, 2024 /PRNewswire/ -- Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, reached another important milestone on 29th of May, when the number of monthly active users of the service surpassed 400 million. Truecaller continues to grow rapidly in many different geographic markets and has since 31 March this year grown with 10.1 million users.

"Reaching 400 million active users each month is something we are, of course, very proud of, but at the same time, we know that the need for a solution like Truecaller is significantly greater. The problem of unwanted communication, spam, and fraud over the phone is unfortunately only growing for both individuals and businesses. New technology and increased opportunities for fraudsters to make money are driving this development. We continue to develop our app and add new functionality to protect our users before, during, and after a phone call or SMS, says Alan Mamedi, co-founder and CEO of Truecaller.

Truecaller reported an average of 383.4 million active users per month during the first quarter of 2024 and at the end of the quarter, the number of monthly active users was 389.9 million.

Truecaller will continue to report the average number of monthly and daily users on a quarterly basis in connection with interim reports. 

For more information, please contact:

Andreas Frid, Head of IR & Communication
+46 705 29 08 00

About Truecaller:
Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 400 million active users, with more than a billion downloads since launch and around 50 billion unwanted calls identified and blocked in 2023. Headquartered in Stockholm, since 2009, we are a co-founder led. entrepreneurial company. with a highly experienced management team. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

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SOURCE Truecaller AB

May 30, 2024
Clarivate Celebrates 500 Institutions Adopting Rialto Marketplace Solution

Transforming the way libraries select, acquire and manage their collections of academic books

LONDON, May 30, 2024 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT), a leading global provider of transformative intelligence, today announces that 500 institutions around the world have selected the Rialto™ books marketplace solution with Florida Atlantic University as the 500th customer. This milestone, achieved in just a few years, underscores Rialto's rapid adoption and success in transforming the way libraries acquire and manage their academic book collections so they can best serve their communities.

Audrey Marcus, Senior Vice President, Books Business Unit, Clarivate said: "Rialto has rapidly grown to a sophisticated solution that benefits academic libraries of all sizes by creating greater efficiencies and transforming collection development. We look forward to continuing our partnership with the user community to deliver forward thinking innovations that support librarians."

Dr. Linda Marie Golian-Lui, Dean of University Libraries at Florida Atlantic University, said: "We are excited to adopt Rialto and look forward to the benefits this software will provide our library staff and our library users. The integration of Rialto with our online integrated library system, Alma, provides beneficial real-time budget tracking for our library staff, and the platform offers several features that will improve collaboration across our team. This product also provides significant efficiencies in ordering and receiving critical library resources for our library users."

Rialto uses a marketplace approach that makes selecting and acquiring library resources fast, accurate and transparent. The platform's features include:

  • Comprehensive marketplace: Libraries can search, select and order from more than 20 leading publisher and aggregator platforms within a single, easy-to-use marketplace. Rialto eliminates the need to purchase separately from individual platforms to simplify invoicing and enable libraries to build rich, diverse collections.
  • Utilizing the power of AI: Since the very beginning, Rialto has harnessed Artificial Intelligence to deliver the most relevant insights and recommendations to selectors. Recommendation feeds can be customized to meet the unique needs of each library and support data-driven decision-making based on past purchases and patron engagement.
  • Seamless workflow: Rialto greatly reduces manual workloads through its unification with Alma, the library services platform used by more than 2,500 institutions worldwide, creating unmatched selection and acquisition workflow efficiencies for librarians.

Florida Atlantic University has joined libraries such as The University of South Australia, University of Central Florida and University of Edinburgh in the Rialto user community. Since its launch, Rialto has continued to evolve, incorporating feedback from its diverse customer base and expanding its capabilities to address emerging challenges in the library landscape.

About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com

Media Contact:
Rachel Scheer, Director, External Communications, Academia & Government


SOURCE Clarivate Plc

Sg's deep tech
May 30, 2024
Aetina Showcases Next-Gen Edge AI Solutions at COMPUTEX 2024

TAIPEI, May 30, 2024 /PRNewswire/ -- Aetina, a leading edge AI solutions provider, is showcasing its innovative solutions at COMPUTEX 2024 in Taipei, Taiwan. With over a decade of industry experience, Aetina offers a comprehensive product lineup, including the compact and high-performance DeviceEdge series powered by NVIDIA Jetson Orin system-on-modules, the versatile MegaEdge edge AI inference/training platform, the enterprise-ready AI platform powered by NVIDIA IGX, and its first enterprise-grade short-depth edge server, SuperEdge, based on the NVIDIA MGX modular architecture, enabling global enterprises to explore their intelligent edge of business.

Aetina to Empower Smart Cities with Generative AI

In the smart city scenarios, Aetina will showcase how edge AI drives advancements in smart city infrastructure using generative AI technology, particularly focusing on road and public facility management. Aetina's DeviceEdge series, featuring NVIDIA Jetson Orin modules, offers unparalleled AI compute, large unified memory, and comprehensive software stacks, delivering superior energy efficiency to drive the latest generative AI applications. For example, it could offer real-time status detection of traffic control equipment such as traffic signs, signals, or hydrants, ultimately enhancing city management efficiency. Leveraging generative AI at the edge provides effortless video searches, event summarization, and real-time asset tracking in smart cities, elevating enterprises' AI applications to the next level.

Empowering Smart Manufacturing with Integrated Hardware and Software

In the era of smart manufacturing, production line management faces greater challenges in efficiency and accuracy. For instance, in automotive manufacturing plants, traditional manual sorting of screws and nuts is labor-intensive, time-consuming, and error-prone, hindering lean manufacturing requirements. To address this, Aetina has collaborated with Solomon to demonstrate an intelligent sorting solution that integrates Aetina's powerful edge AI inference platforms, the AIP-KQ67(NVIDIA certified system with NVIDIA A2 GPU) and AIE-KX13 (Jetson AGX Orin system), with Solomon's 3D META-aivi technology. It enables production line managers to swiftly and accurately classify a wide range of screws and nuts, significantly enhancing production line efficiency and precision.

Professional AI Workstation Enhances Security Monitoring in Large Venues

The labor shortage trend is impacting security monitoring in large commercial spaces like exhibition halls and department stores, creating a critical need for intelligent solutions. Aetina's top-tier AI workstation AIP-FR68, along with Axelera AI's high-performance PCIe accelerators, powered by its Metis AI Processing Unit (AIPU), organizations can manage up to 24 live or pre-recorded video streams. This enables swift and efficient crowd and traffic management and significantly enhancing the operational effectiveness of security and control in large venues.

Aetina will showcase its complete range of edge AI solutions, including Visual AI Agent live demos, alongside its AI ecosystem partners at COMPUTEX 2024. Visit Aetina's booth, J0110, at the Taipei Nangang Exhibition Center to explore innovative solutions that can accelerate businesses to the edge. For more information, please visit: www.aetina.com

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SOURCE Aetina Corporation

May 30, 2024
AliExpress to Give Away Over 1,000 UEFA EURO 2024™ Match Tickets to Shoppers

SINGAPORE, May 30, 2024 /PRNewswire/ -- AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, will give away over 1,000 UEFA EURO 2024™ match tickets along with attractive discounts during its promotional campaigns around the UEFA EURO 2024™ tournament – including its Choice Day and Summer Sales – infusing its shoppers' experience with a vibrant cascade of excitement and summer festivities.

This announcement comes on the back of a series of important announcements by AliExpress, including its recent naming as the exclusive global e-commerce sponsor of UEFA EURO 2024™. AliExpress is investing millions of dollars in discounts, deals and engagement to delight shoppers and sports fans during the tournament, while elevating the user experience for its global consumer base.

Key highlights of AliExpress' promotional campaigns around UEFA EURO 2024TM include:

  • Choice Day and Summer Sales AliExpress will host a Choice Day from June 1 to June 7 with the theme 'Summer Carnival,' followed by a Summer Sale from June 17 to June 23, offering up to 90% off on a wide range of products.
  • 'Shake & Win' game for time-limited prizes – During the UEFA EURO 2024TM games from June 14 to July 14, all eligible AliExpress users just need to log on to the AliExpress app and shake their smartphone within 10 minutes after a goal is scored, for the chance to win discounts of up to 50% on selected products. European customers will also stand a chance to win match tickets and discount coupons worth up to $500 each, and purchase selected items at $0.01 only.
  • Fun quiz – From now to 23:59:59 PST on June 12, AliExpress users can take part in an engaging quiz, featuring over 100 questions covering UEFA EURO, football knowledge and AliExpress trivia. Participants who successfully answer a minimum of three questions will qualify to earn points and gain entry into lucky draws. Prizes up for grabs include match tickets (European customers only), official merchandise and T-shirts. Further activities, such as a game for users to support their favorite team, are set to commence on June 13. Additional lucky draws are scheduled to take place on June 1-2 and June 17-18, with two more planned for July.

AliExpress Choice, the platform's premium shopping service launched in March 2023, provides fast and free delivery within 5 to 15 days on orders meeting minimum purchase thresholds for major markets across Europe, the Americas and East Asia, with free returns available to selected markets. Please visit www.aliexpress.com/TnC for more details.

Anticipation and excitement for the UEFA EURO 2024™ are reaching peak levels, and AliExpress is at the forefront, ensuring that while the teams battle for the championship title, customers too can walk away with wins of their own. Stay tuned for more updates as the tournament's kick-off draws closer and get ready for a summer where every goal promises more than just points—it's shoppers' score for the best deals of the season.

About AliExpress

Launched in 2010, AliExpress is a business-to-consumer (B2C) e-commerce platform enabling global consumers to buy directly from manufacturers and distributors in China and around the world. In addition to the global English-language version, the AliExpress platform is also available in 15 other languages. AliExpress is part of Alibaba International Digital Commerce Group.

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SOURCE AliExpress

Sg's deep tech
May 30, 2024
Ericsson's Nomination Committee appointed

STOCKHOLM, May 30, 2024 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) Nomination Committee for the Annual General Meeting 2025 has been appointed in accordance with the Instruction for the Nomination Committee resolved by the Annual General Meeting 2012.

The Nomination Committee consists of:

  • Johan Forssell, Investor AB;
  • Helena Stjernholm, AB Industrivärden;
  • Anders Oscarsson, AMF Tjänstepension & AMF Fonder;
  • Christer Gardell, Cevian Capital; and
  • Jan Carlson, the Chair of the Board of Directors.

Johan Forssell is the Chair of the Nomination Committee.

Shareholders who wish to submit proposals to the Nomination Committee are welcome to contact the Nomination Committee. Proposals must be received in due time before the Annual General Meeting to ensure that the proposals can be considered by the Nomination Committee.

Telefonaktiebolaget LM Ericsson
The Nomination Committee
c/o The Board of Directors Secretariat
SE-164 83 Stockholm
E-mail: nomination.committee@ericsson.com

Subscribe to Ericsson press releases here
Subscribe to Ericsson blog posts here

Ericsson Newsroom
media.relations@ericsson.com  (+46 10 719 69 92)
investor.relations@ericsson.com  (+46 10 719 00 00)

Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company's portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, and Global Communications Platform. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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SOURCE Ericsson

May 30, 2024
Petal Ads: Building a Bridge for Cultural and Tourism Exchange between Chengdu and Malaysia

SHANGHAI, May 30, 2024 /PRNewswire/ -- Petal Ads, the leading mobile advertising platform, proudly announces its debut at ITB China, the prestigious annual B2B travel trade show in Shanghai. In collaboration with Tourism Malaysia, Petal Ads aims to boost Malaysia's tourism industry through this exclusive exhibition.

Petal Ads is dedicated to providing developers worldwide with efficient and high-quality mobile advertising solutions. Leveraging Huawei's robust technical expertise and global network, Petal Ads has reached over 580 million active users across more than 170 countries and regions.

The initial collaboration with Tourism Malaysia has been highly successful. From January 20th to March 20th, 2024, the campaign targeted major Chinese cities to promote Malaysia's tourism. This comprehensive strategy included digital media coverage, KOL visits to Malaysia, and engaging in-store offline events, resulting in a significant increase in Malaysia's overall brand search index.

To further strengthen this collaboration, the VM2026 project will enhance the growth of Malaysia's tourism industry. This project aims to expedite the approval process for the second phase of the campaign budget and reinforce the business plan.

With the easing of travel restrictions and the potential for a tourism revival, Petal Ads and Tourism Malaysia are committed to promoting tourist exchanges, fostering digital economic cooperation, and strengthening bilateral ties. This partnership promises high-quality services and exceptional experiences for tourists from both countries.

Additionally, at the IAA World Congress, Penang earlier this year, Petal Ads and Tourism Malaysia signed a strategic cooperation memorandum, reinforcing their commitment to a long-term partnership.

Petal Ads has successfully played the role of a "communication bridge" in cultural tourism exchanges between China and Malaysia, promoting the prosperity of cultural tourism in both regions. Through innovative solutions such as digital tourism platforms, intelligent recommendation systems, virtual reality experiences, and cultural heritage protection, Petal Ads enhances the travel experience and promotes sustainable development in the cultural tourism industry.

Cision View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/petal-ads-building-a-bridge-for-cultural-and-tourism-exchange-between-chengdu-and-malaysia-302159032.html

SOURCE Huawei Mobile Services

May 30, 2024
Former Amex Heavyweight Pierric Beckert Joins RewardPay Board of Directors to Drive Expansion

SYDNEY, May 30, 2024 /PRNewswire/ -- RewardPay Pty Ltd, a leading Australian Business-to-Business payments & loyalty company, today announced the appointment of Pierric Beckert to its board. Beckert, former President of American Express Global Network Services and Chairman of American Express China, brings extensive experience and leadership in payments and loyalty to the growing company.

Pierric Beckert is joining RewardPay to drive expansion

Beckert's appointment comes at a pivotal moment for RewardPay, following a period of rapid expansion and strategic partnerships. Recently, RewardPay expanded its operations to New Zealand and forged a significant partnership with Qantas, allowing it's Australian customers to earn Qantas points with every payment processed through RewardPay.

With a distinguished career at American Express, including roles such as Global Head of Loyalty, President of Europe, Middle East, and Africa, and Managing Director of American Express Australia & New Zealand, Beckert brings invaluable expertise to RewardPay. His tenure in Australia notably included spearheading American Express's successful foray into the B2B payments sector.

"I am delighted to join the talented and experienced team at RewardPay. I have been impressed by the execution excellence of the team, its strong customer values, and its robust growth. Mark has built a tremendous platform and a loyal customer base, with significant opportunities for further expansion," said Beckert.

Mark Dawes, CEO of RewardPay, expressed his enthusiasm for Beckert's appointment, stating, "It was crucial for us to find someone with exceptional payments and loyalty experience, both domestically and internationally. Pierric's proven track record of leadership, innovation, and operational excellence makes him an ideal addition to our board. We are thrilled to welcome him to RewardPay."

About RewardPay:

RewardPay Pty Ltd is a leading Business-to-Business payments and loyalty company based in Australia. RewardPay facilitates convenient, cashflow-friendly payments to suppliers while providing businesses with loyalty benefits. By bridging traditional B2B payment methods with modern technology, RewardPay aims to bring the world of B2B payments into the 21st century.

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Sg's deep tech
May 30, 2024
Shohei Ohtani's "Oi Ocha" Giant Outdoor Advertisement Going on Display at More Than 85 Locations around World

- Starting with Iwate, Ohtani's Home Area, Ads to Be Shown at Times Square in New York, Hollywood, Tokyo, Seoul and Taipei; Ohtani's Statement on Becoming "Oi Ocha Global Ambassador" Released in Ads -

TOKYO, May 30, 2024 /PRNewswire/ -- ITO EN, Ltd., the Tokyo-based maker of the world's No. 1 unsweetened green tea beverage brand "Oi Ocha" (*), is pleased to announce its outdoor advertisement placements featuring Shohei Ohtani, the Los Angeles Dodgers player, at more than 85 locations in Japan and abroad. Starting with an advertisement at Morioka Station in Iwate Prefecture, Ohtani's home area, on May 31, the ads will appear at 82 locations (**) in Japan and six locations worldwide. With Ohtani appointed as the "Oi Ocha Global Ambassador" and following his appearance in 60 newspapers worldwide, ITO EN will continue promoting green tea's appeal domestically and internationally.

Outdoor ad placement images:

Special landing page: https://www.itoen.jp/oiocha/ohtani/en.html 

Ad placement outline: https://kyodonewsprwire.jp/attach/202405241244-O5-61HFJxmD.pdf 

- Visuals of "Oi Ocha Global Ambassador" Shohei Ohtani to be unveiled at more than 85 locations around the world
The giant outdoor advertisements are designed to attract many viewers and convey to the world ITO EN and Ohtani's shared desire to "spread Japan's fascinating green tea culture to the world."

The ad will go on display in Japan starting from Iwate Prefecture, Ohtani's home, on May 31. It will be displayed at a total of 82 locations (**) in 12 prefectures, including Sapporo, Morioka, Sendai, Tokyo, Nagoya, and Osaka, as well as the JR Shibuya Station area in the Japanese capital, and at six locations worldwide -- in the U.S., South Korea, and Taiwan. The ads will be displayed at Times Square from June 8 to 10 (local time), when Ohtani visits New York for the Yankees-Dodgers series.

6 spots worldwide: (NY, LA, Seoul, and Taipei)

- Giant bottles containing "haiku" (short Japanese poem) at Shibuya and Nagoya stations
Oi Ocha bottle designs with a message commemorating Ohtani's appointment as ITO EN's Oi Ocha Global Ambassador, which caused a sensation when the global partnership was announced, and "Ohtani's new haiku," which became a buzz because of the ads, will appear on columns in the Shibuya and Nagoya stations. The pillars, which will look like giant "Oi Ocha" bottles, are a must-see.


About advertisements:
- Please refrain from contacting the locations regarding this matter.
- Posting contents and period are subject to change without notice.
- Images are for illustrative purposes only.
- A station ticket is required to enter ticket gates. 
- Please refrain from making inquiries to the station, station staff, or stores in the vicinity.

(*) Guinness World Records (TM) Certified 
Intage SRI+ Unsweetened Tea Beverage Market Data January-December 2023 "Oi Ocha" Brand Sales Value
Record name: "Largest unsweetened green tea beverage brand (latest annual sales)"
Official English record name: Largest unsweetened green tea RTD brand - retail, current
Recorded brand: Oi Ocha brand (excluding Oi Ocha hojicha products)
Year covered: January-December 2023

(**) The information on the domestic placements is current as of May 29 and is subject to alterations at any time.

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May 30, 2024
Azentio announces appointment of new Chief Sales Officer, Rahul Arora

SINGAPORE, May 30, 2024 /PRNewswire/ -- Azentio Software ("Azentio") – a leading end-to-end software company specializing in the BFSI sector – today announces the appointment of Rahul Arora as its new Chief Sales Officer. This move further strengthens Azentio's leadership team as Arora spearheads sales expansion and growth in alignment with the company's vision.

Rahul Arora, Azentio's New Chief Sales Officer

Speaking on his new role, Arora said, "I am excited to be joining the team at Azentio as Chief Sales Officer as they drive the future of transforming businesses through technology in the BFSI sector. I look forward to leveraging my experience and working alongside our talented sales team to grow revenues and continue to expand our market presence. I am confident in the outstanding business value Azentio's products can deliver to our customers and am committed to building deep customer engagements and building for future growth."

Sanjay Singh, Chief Executive Officer of Azentio, commented, "I am delighted to welcome Rahul to Azentio as our Chief Sales Officer. His expertise and background in managing and growing sales functions globally coupled with his in-depth knowledge of our key markets make him an ideal fit for this role. I see Arora's extensive experience in new business development, crafting customer relationships, and dedication to execution as playing a pivotal role in the future growth of Azentio."

With over 25 years of experience in the IT industry, Arora has championed several key customer initiatives as well as built the go-to-market strategies needed for targeting industry specific business opportunities. In his previous role at Trellix (McAfee Enterprise + FireEye) as their first Managing Director for South Asia, he was instrumental in building exceptional pipeline growth, ensuring solid sales execution, and driving customer relationships to achieve sustainable growth.

About Azentio Software

Azentio Software, incorporated in 2020 at Singapore, has been carved out of 3i Infotech, Candela Labs, Beyontec Technologies and Path Solutions. Azentio Software provides mission critical, vertical-specific software products for customers in banking, financial services and insurance verticals. Azentio has over 800 customers in more than 60 countries, with a team of over 2,300 employees across offices in 12 countries (and growing) globally and is wholly owned by Funds advised by Apax Partners.

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SOURCE Azentio Software Pvt Ltd

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

March 15, 2023

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)

Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)