Putting a spin on Heusler alloys

A review on the latest research of the various types of Heusler alloys summarizes the field’s main achievements up to 2020.

A study published in the journal Science and Technology of Advanced Materials summarizes the major achievements made to-date in Heusler alloy research. “Our review article can serve as an ideal reference for researchers in magnetic materials,” says Atsufumi Hirohata of the University of York, UK, who specializes in spintronics.

Spin ‘batteries’ use electron spins, instead of their charge, to power spintronic devices.

Spintronics, also known as spin electronics, is a field of applied physics that studies the use of electron spins, instead of their charge, to carry information in solid-state devices, with reduction in power consumption and improvements in memory and processing capabilities.

A category of materials showing great promise in this area is Heusler alloys: materials formed of one or two parts metal X, one part metal Y, and one part metal Z, each coming from a distinct part of the periodic table of elements. The interesting thing about these alloys is that individually, the metals are not magnetic, but when combined, they become magnetic.

A major advantage of Heusler alloys for spintronic devices is the ability to control their unique electrical and magnetic properties, which result directly from electron spins, by making changes to their crystalline structures. But this requires very high temperatures, which researchers want to reduce.

Over the last few decades, scientists have been working on approaches to grow Heusler alloy films at room temperature on special substrates with crystal lattices that are similar to the alloy’s. The interaction between the two lattices can lead to the development of half-metallicity in the Heusler alloy, where only electrons spinning in one orientation are conducted through the material whereas those spinning in another are not.

Researchers need to be able to measure the properties of materials in order to conduct their investigations. The atomic structure of Heusler alloys can be directly observed by X-ray diffraction and indirectly measured through examining the relationship between the material’s resistance to an electric current and temperature changes. Other techniques are also available for measuring their magnetic properties.

Hirohata and his colleagues are currently working on fabricating a metallic magnetic junction made of Heusler alloy films. These junctions are made from two ferromagnets separated by a thin insulator. When the insulating layer is thin enough, electrons are able to tunnel from one ferromagnet to the other. There is low resistance to electron movement as long as an external magnetic field is applied, but as soon as it is removed, the material becomes highly resistant to electron movement. “These devices are expected to replace currently used memory cells and magnetic sensors,” says Hirohata. The team hopes to develop metallic magnetic junctions with much larger magnetoresistance than the current record at room temperature, realising a next-generation memory for a sustainable society.

Research paper: https://www.tandfonline.com/doi/full/10.1080/14686996.2020.1812364

Further information
Atsufumi Hirohata
University of York
Email: atsufumi.hirohata@york.ac.uk

About Science and Technology of Advanced Materials Journal
Open access journal STAM publishes outstanding research articles across all aspects of materials science, including functional and structural materials, theoretical analyses, and properties of materials.

Chikashi Nishimura
STAM Publishing Director
Email: NISHIMURA.Chikashi@nims.go.jp

Press release distributed by ResearchSEA for Science and Technology of Advanced Materials.

AU21 Backs XFai’s Reimagined Future of DeFi

AU21, one of the most reputable venture capital firms in the world focusing on blockchain and digital assets, has decided to partner with XFai through a strategic investment. The partnership comes at an important time, as XFai’s proposed changes in the DeFi space are quickly gaining momentum as the project’s public token sale — referred to as Liquidity Generation Event (LGE) — is quickly approaching. AU21 is proud to be bound to XFai by providing its support and access to its network for XFai to reach a wider audience within the DeFi space and help revolutionize the industry.

XFai is a project set to chart a new course for how investors and projects interact within the DeFi ecosystem. It develops various tools that chart the liquidity depth and the order book of both DEX (decentralized exchanges) and CEX (centralized exchanges). Using its native-built DLO (DEX Liquidity Oracle), XFai shifts the liquidity between DEX and CEX dynamically to allow investors on DEX to benefit from free-flowing token liquidity, ultimately freeing the investors to enjoy optimized trading grounds on decentralized exchanges. XFai’s DLO is equipped with anti-slippage technology and an efficient one-sided provisioning, allowing both investors and liquidity farmers to minimize costs while enjoying transparency that shows the actual impact of their trading actions. Moreover, DLO allows partnered small and mid-cap tokens to benefit from APY earnings, allowing holders and projects to gain a bolstered income by choosing to stake their tokens in the liquidity pool.

AU21, the newest investor to be announced as part of XFai’s increasing list of stellar venture capital partners, has an impressive track record of leading projects to astounding success. Founded in 2017, AU21 quickly rose to become one of the most renowned names in the blockchain space. The venture capital firm has been involved in the success of various projects such as the Graph, Synthetix, Centrifuge, Polkadot and Elrond.

“We are proud to announce our backing of XFai and their autonomous liquidity management solution for cryptocurrencies. The DEX Liquidity Oracle achieves several technological milestones in decentralized liquidity provision, and will serve to create a more efficient and accessible marketplace for digital assets,” comments AU21.

About AU21

XFai is set to open the doors to public investors on April 8 through its Liquidity Generation Event (LGE). Unlike traditional Token Generation Event (TGE), the LGE is designed to allow participants to purchase the XFIT tokens and stake them in the liquidity pool in one step and one interface, compared to the normal procedure which would involve up to 4 steps and the hassle of navigating multiple interfaces. The unique launch mechanism, developed by XFai, is expected to set a new standard on how tokens are offered to the public. The LGE also dramatically lowers the likelihood of failed transactions, protecting the participating investors from paying high gas fees for those transactions. Moreover, the one-step mechanism is designed to save the participants from paying exuberantly high gas fees, which has been severely affecting the recent DeFi space. XFai’s XFIT LGE is set to launch on April 8, 2021.

We thank the support of AU21, and look forward to changing the current DeFi landscape for the better through the guidance of AU21.

About XFai

XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DLO is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai’s native token, XFIT, is set to launch on 8th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.

Source: Plato Data Intelligence: https://platoblockchain.net/ (bit.ly/3cuY52V)

BOE Varitronix Revenue Recorded 27%yoy Growth to HK$4,527 million, Continue to Develop Further in the Areas of Smart Cockpit Display

26 March 2021, BOE Varitronix Limited (710.HK), the world’s leading smart automotive display and innovative solution provider announces its final results for the full year ended 31 December 2020. Leveraging on its momentum growth in automotive display business, the Group realized revenue of HK$4,527 million, an increase of 27% from last year’s HK$3,574 million.

The increase in gross profit as driven by the increase in turnover, and the cost-optimizing and efficiency management actions implemented by the Group, EBITDA has increased by 30% from HK$166 million in 2019 to HK$216 million, the profit attributable to shareholders recorded a significant increase of approximately 174% from HK$25.0 million in 2019 to HK$68.6 million in 2020. BOE Varitronix’s profitability has steadily improved, and the improvement in efficiency has achieved remarkable results.

During the year, in terms of product portfolio, the Group’s Thin Film Transistor (“TFT”) module business and touch panel display modules business continued to achieve remarkable growth and contributed over 75% of the Group’s revenue while the revenue from monochrome display business decreased. The continuous optimization of the Group’s product portfolio structure further enhances the Group’s profitability.

In 2020, the outbreak of the COVID-19 pandemic has brought various degrees of impact to domestic and foreign economies. Through innovative products and services, BOE Varitronix is able to demonstrate its strong business resilience, while both automotive display business and industrial display business have recorded steady growths.

Significant Growth in Automotive Display Business with Surge in Sales Orders in the PRC Market

During the year, the Group’s automotive display business has grown substantially, generated revenue of HK$3,450 million, 33% YOY growth, which was mainly contributed by the surge in sales orders in the PRC, Korea and Japan and the commencement of mass production of TFT display modules and touch panel modules during the year. This business represented approximately 76% of the Group’s overall revenue.

According to the research conducted by a leading market research company, BOE Varitronix is currently one of the world’s top three automotive display suppliers. With its leading position in automotive display business, the overall market share has been gradually increasing.

During the year, the PRC is the major growth engine of automotive display market share. For the PRC market, the Group stated that as the lockdown was gradually eased during the second quarter, customer sentiments in automobile purchasing has been increasing and automobile sales in the PRC started to rebound throughout the rest of the year and result in a rapid growth of customer order. Together with the scheduled commencement of mass production of TFT display and touch panel display modules projects for both conventional vehicles and new energy vehicles (“NEVs”), the Group’s PRC automotive business has recorded a notable growth in 2020. The Group has achieved over 30% of market share in automotive TFT display for top 20 PRC automobile manufacturers.

BOE Varitronix currently has engaged in the strategic cooperation with major automobile manufacturers in the PRC and Tier-1 manufacturers, as well as launching cooperation with NEVs manufacturers in China. According to the statistics by the Group, BOE Varitronix has achieved over 30% of market share in automotive TFT display for major PRC NEVs manufacturers.

Although, the COVID-19 has brought certain impact to the macroeconomic environment, the accelerated development of smart automotive industry has generated a high demand for automotive display, which has provided opportunities for the substantial growth of BOE Varitronix automotive display business.

Industrial Display Business Stably Grown with Expansion in High-end Customers

Industrial Display is the second largest business of the Group. During the year, the Group has continued to promote its display business to industrial and high-end customers. The industrial display business generated revenue of HK$1,077 million, 9% YOY. This business represented approximately 24% of the Group’s overall revenue.

With the increase in consumer demand for information and the rise of Internet of Things (“IoT”), industrial clients prefer TFT module more. The sales of TFT display modules in education-related application in the PRC market and the ramping up of demand from a world-renowned high-end home appliance brand based in the United Kingdom have increased, which resulted in the growth of industrial display business.

Meanwhile, BOE Varitronix has been promoting distinctive Versi-color IBN cell and IBN-TFT hybrid display, as well as promoting the TFT display modules to customers in the high-end white-goods consumer sector in Europe. The Group is determined to grasp the opportunities for growth in industrial display business.

Creating Roadmap for Smart Cockpit Display to Seize Market Opportunities

As NEVs and autonomous driving technology are in the forefront of development, the ever-increasing trend of automotive intelligence and interconnection has indirectly driven the development and growth of automotive display market. The innovation of smart cockpit display, which has been widely adopted in instrument cluster, center information display, rear seat infotainment etc., is facing an enormous growth.

Under the positive momentum of the industry, the technical team of BOE Varitronix has been utilizing its fruitful experience in automotive display, large-sized display and integrated software and hardware system to accelerate towards the technology trend of large-sized automotive display and smart cockpit intelligence.

In order to strengthen the capabilities in larger-sized curved display, the Group has invested in optical bonding facilities together with a PRC renowned software group whose businesses cover the field of intelligent vehicle connectivity. New production lines will commence its production in the first half of 2021.

The Group has also increased investment in Shenzhen Jiangcheng Technology Co., Ltd in the first quarter of 2021 and reached a capital increase agreement to raise additional funding to support the on-going development in augmented reality head-up display (“AR-HUD”) and HUD related technologies and products.

In terms of visual display experience, the Group has been working with the eco-system partners, customers and also BOE Group to enhance the visual display experience through new technologies application. The use of AMOLED, Black Diamond Cell (“BD cell”), large-sized integrated curve display, high resolution 4K 3D display in automobile display can greatly enhance drivers’ and passengers’ immersive experience in car journey

BOE Varitronix stated that, the Group is dedicated to focus on the investment in smart cockpit display system, and to closely work with our automotive eco-system partners along the fast-developing track of the automotive value-chain, which will eventually lead the Group to become one of the leading integrated smart cockpit display system solution providers in the industry.

Date: 29 March 2021

Global Cloud Experts Gather to Address Roadmap for Cloud-First Approach in the Kingdom.

Having hosted multiple high-level conferences across the globe, World Cloud Show (WCS) has established itself as one of the world’s biggest and elite cloud show series. While it has proven itself as the quintessential cloud event, World Cloud Show has had the reputation of getting global experts, investors, and cloud entrepreneurs all under one roof consistently, edition after edition.

Taking place on 29 March 2020, and endorsed by Saudi Cloud Computing Association, World Cloud Show – KSA is powered by Oracle. With Darktrace as the lead sponsor, the show will feature keynotes from thought-leaders and industry experts, private networking sessions, secure audio-visual meetings, private meetings and more.

Jonas Knudsen who is a research director within International Data Corporation (IDC) Health Insights in EMEA stated that, “Darktrace thrives in complex digital environments, as technology is adaptive and continues to revise its understanding of ‘normal’ in light of new evidence, enabling it to detect and respond to threats that other tools miss, while providing complete visibility across the digital.”

A ground-breaking collaboration of experts

Eager to keep the momentum from its previous editions, World Cloud Show will feature prominent experts such as Fahad a. Alhamed, Chairman of the Board, Saudi Cloud Computing Association; Dr Fatmah Ba Othman, President, AI Society Member of G20 Task Force, Founder & President of AI Society; Salem Mohammed Baras, Director, Cloud and Digital Platforms Solutions, STC; Khalid Alohali – Emerging Technology and Innovation leader, Oracle; Nabil Zoldjalali – Director of Cloud Security, Darktrace; Mohsin Raza Khan, SE Manager, Nutanix; Vijay Bharti – CISO and Senior VP of Cyber Security practice, Happiest Minds Technologies; Girish Chandangoudar – VP, Head of Infrastructure Management Service, Happiest Minds Technologies; Dasaradha Ramakrishna Sajja, Global Head – Cloud Engineering and Operations, Cloud4C; Dasaradha Ramakrishna Sajja, Global Head – Cloud Engineering and Operations, Cloud4C; and over 30 other industry leaders.

“World Cloud Show will digitally connect key players in the cloud computing world to help the Kingdom of Saudi Arabia with a connected Cloud-based ecosystem and strong disaster recovery capabilities,” said Mithun Shetty, CEO of Trescon.

World Cloud Show – KSA will cover current topics including how Saudi Arabia is utilizing Cloud Computing to realize its technology ambitions; exploring the market dynamics behind the move towards cloud technology; cloud adoption to benefit Saudi Arabian enterprises across the sectors; cloud data governance: a catalyst for Saudi vision 2030 and much more.

The show will be hosted on the virtual events platform Vmeets to help participants network and conduct business in an interactive and immersive virtual environment. Participants can also engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.

Endorsed by the Saudi Cloud Computing Association, World Cloud Show – KSA is powered by Oracle and is officially sponsored by Lead Sponsor – Darktrace; Platinum Sponsors – Nutanix, Cloud4C and Happiest Minds and Sliver Sponsor – ManageEngine

To register your interest to attend WCS – KSA, visit World Cloud Show – KSA.

About World Cloud Show

World Cloud Show takes place in strategic locations across the world which gathers pre-qualified CIOs, CEOs, CTOs, Heads of Research, Industry Practitioners, IT Decision Makers and Experts in Cloud Computing among others from cross-industry verticals.

The show will feature exciting keynotes, government and enterprise use-case presentations, product showcase, panel discussions and tech talks to discuss the latest challenges and explore latest applications of cloud-based solutions.

For further details about the announcement, please contact:
Karthik A
Marketing Lead
Trescon
marketing@tresconglobal.com

The Oman edition of the World Cyber Security Summit shed light on Mitigating Cyber Threats and Securing Oman’s Data Network

In an age of unprecedented possibilities, World Cyber Security Summit – Oman attracted prominent voices in the cyber security space. Some of the top speakers who attended the event that took place on 24 March 2021 included, His Excellency Eng Redha Bin Juma Al Saleh, Chairman, Oman Chamber of Commerce and Industry; Ali Hassan Moosa, CEO, Oman Banks Association; Maqbool Hm Yousuf Al Lawati – Chairman, Board Member, CFO, FCCA Stellar Consultancy LLC, Stellar Process Solutions, MHMY Auditors; Laila Abdullah Al Hadhrami – Digital Transformation & Change Management Expert – Ministry of Transport, Communications, and Information Technology, Oman, Director – Oman Smart City Platform; Rasha Al Abdali – In-charge Director of Compliance, Ministry of Transport, Communications, and Information Technology; to name a few.

World Cyber Security Summit – Oman covered key topics such as the Government Cyber Security and defense strategies, Creating Cyber Security framework for Critical Assets and Critical Infrastructure, Cyber security legal framework and regulations, Cyber Security Technologies for Smart Cities of the Future, Digital workplace security: Creating safe remote workplace and more.

Highlights and key takeaways from the World Cyber Security Summit – Oman
“Cyber Security is key to the survival of the financial order,” said Ali Hassan Moosa, CEO, Oman Banks Association in his opening keynote at the World Cyber Security Summit – Oman.

A tech talk by Emad Haffar – Director, Security Consultant Team, META, Kaspersky, UAE threw light on the strategic, tactical and operational influence on the decision-making paradigm.

World Cyber Security Summit also featured an interesting tech talk by Andrew Tsonchev, Director of Technology, Darktrace on the topic ‘Operational Integrity, Safeguarding Your OT Systems with Cyber AI’.

In a panel discussion on the topic ‘Government Cyber Security Strategy: protected critical infrastructure, secure citizen services and establish up-to-date Smart Cities cyber security’, moderated by Alena Dique – Founder & Coordinator, UNCTAD Youth Action Hub Oman, the panellists discussed key areas such as the importance of having secure online platforms and how corporates and individuals can protect data from cybercrimes. The panellists who joined the discussion included Laila Abdullah Al Hadhrami – Digital Transformation & Change Management Expert- Ministry of Transport, Communications, and Information Technology, Oman, Director – Oman Smart City Platform; Ali Abdulla Alsadadi – Head of IT, National Oil & Gas Authority, Bahrain; Talal Al Asmi – Director of Information Security, Department of Electronic Information Security Ministry of Education.

While speaking about ‘Cyber Security for secure, vigilant, and resilient enterprises: modern strategies and technologies’, A Karthik, Chief Evangelist, ManageEngine stated, “Be Secure, Be Vigilant and Be Resilient to mitigate the emerging cyber threats that have been reported.”

“Virtual events are an excellent opportunity for everyone in the industry to come together during these difficult times. Affordable and intelligent cyber security solutions & strategies are the need of the hour,” says Mithun Shetty, CEO of Trescon.

The summit was hosted on the virtual events platform Vmeets which helped the participants to network and conduct business in an interactive and immersive virtual environment. Participants were also able to engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.

World Cyber Security Summit – Oman in partnership with Stellar Consultancy LLC was officially sponsored by Headline Sponsor – Kaspersky; Platinum Sponsor – Darktrace; Silver Sponsor – ManageEngine; and Bronze sponsor – Bluedog Security Monitoring.

About World Cyber Security Summit

World Cyber Security Summit is a thought-leadership driven, business-focused initiative that provides a platform for CISOs who are looking to explore new-age threats and the technologies/strategies to mitigate them.

The summit is virtually hosting CISOs across industry sectors from Oman who will meet, network, learn and engage with some of the world’s renowned technology thought-leaders, subject matter experts and technology innovators in a constructive, open-dialogue environment to find solutions for issues hindering their information/cyber security.

For further details about the announcement, please contact:
Karthik A – Marketing Lead
marketing@tresconglobal.com

A Challenge for Australia: Can deep-rooted racial discrimination be eradicated?

Commentary by Scott Albert.

*The following is an editorial and represents the opinions of the author only.

On November 19, 2020, the Australian Department of Defense issued a report that officially recognized the killing of 39 civilians by Australian elite forces in Afghanistan. The 300-page report caused an uproar in the international arena. Killing civilians was given the word “blooding” by the Australian military, but under the disguise of such words, killing innocent people has become a soldier’s “coming-of-age ceremony” or a “sacrifice” to a certain ritual. However, the “macho” culture under the catalytic action of war is constantly moving towards the extinction of humanity. Such atrocity and brutality against the unarmed and weak also reflect the vulnerability and ignorance of the Australian special forces in the pursuit of their “boyhood”.

Regardless of the “blooding” or “warrior culture”, it is a process of sugaring up the killing culture, of which the logic behind needs to be uncovered from the Australian culture and history. Australia has always advertised itself as a multicultural country, but undeniably its society operates with its inherent “biological chain”. Those who stand at the top of the biological chain are naturally the British immigrants with Anglo-Saxon culture, while lying at the bottom are the Middle Eastern ethnicity labeled “Muslims” and “terrorists.” Racial discrimination has always been an unavoidable social phenomenon in Australia.

During the COVID-19 pandemic, repeat undisguised discrimination against ethnic Chinese has also put the multiculturalism of Australia to the test. The ultra-right wing has been occupying a place on the Australian political landscape since the 1990s. For example, the One Nation Party represented by Pauline Hanson, who as a member of parliament made public speeches against Asian immigrants in the mid-1990s. She established the One Nation Party after being expelled from the Liberal Party. The One Nation is now a representative of populist political parties in Australia. This party believes that multiculturalism will impair the cultural foundation of Australia and now it exaggerates the difficulty of integrating Muslims into mainstream culture. Pauline Hanson once clearly called for banning the burqa throughout Australia (Editor’s note: refers to the robes worn by Muslim women), believing that Muslim women should not wear headscarves as well.

Reflecting on racism requires Australia to face up to its own history. In the mid to late 19th century, the “White Australia Policy” came into being. Such policy was to restrict colored races from ports to Australia. The “White Australia Policy” had been implemented in Australia for 100 years and was not abolished until the 1970s, of the 20th century.

Here again, after the Department of Defence’s report was made public, the local Australian media focused their attention on the impact that the report might have on the morale of the Australian army, but the pains to the victims of the Afghan civilians were selectively ignored. Especially the feelings of the Afghans living in Australia; it is impossible not to say that this is another replay of Australian racial crisis. Such a solution is regrettable to many parties.

Author: Scott Albert
Email: tigercbj@163.com
Scott Albert has been working as an editor of Expert feature news. His work covers economic, social, political and legal affairs. He has been recognized for his professionalism and awarded several times. More recently as an independent or working together with researchers he has delivered a number of public and internal reference reports, known as a representative and senior specialist in internet communications.

Volcano IPO Shares Oversubscribed by 176.6 Times

– Leading manufacturer of nameplates and plastic injection moulded parts to MNC customers
– Proceeds for purchase of machinery and equipment to expand capacity, grow market share in E&E and automotive industries

The shares of Volcano Berhad (VOLCANO) have been oversubscribed by 176.6 times ahead of the Group’s listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Malaysia).

Volcano Berhad’s factory in Perai, Penang

“We are extremely grateful for the confidence our investors have in Volcano, our business, prospect and future plans. Our hard work to build a sustainable business for the past 20 years has paid off,” said Managing Director of Volcano, Datuk Ch’ng Huat Seng.

Volcano is raising RM8.75 million from the IPO exercise. From the proceeds, the Group will use RM5.55 million for the purchase of machinery and equipment while RM3.20 million will be used for listing expenses.

“This is just the beginning of our corporate journey. The expansion plan will give a push to the growth of the Group’s business,” Ch’ng explained. “This is also part of the strategy to increase automation and capacity to meet the demand of our new and existing clients in the electrical and electronics (“E&E”) as well as automotive industries.”

For this IPO, a total of 23,838 applications for approximately 1.46 billion new Shares with a value of RM512.82 million were received from the Malaysian public for 8.25 million new Shares made available for application by the Malaysian public, which represents an overall oversubscription rate of 176.60 times.

For the Bumiputera portion, a total of 11,624 applications for 594.43 million new Shares were received, which represents an oversubscription rate of 143.11 times.

For the public portion, a total of 12,214 applications for 870.78 million new Shares were received, which represents an oversubscription rate of 210.10 times.

The 8.25 million new Shares available for application by the eligible directors, key senior management personnel, employees and business associates including any other person who have contributed to the success of Volcano and its subsidiaries have also been fully subscribed.

Its Placement Agent has confirmed that the 43.50 million Shares made available for application by way of private placement have been fully placed out.

The notices of allotment will be posted to all successful applicants on or before 5 April 2021.

TA Securities Holdings Berhad (TA Securities) is the Principal Adviser, Sole Placement Agent, Sole Underwriter and Sponsor for this IPO exercise.

Tan Poh Lin, Vice President for Corporate Finance at TA Securities said, “We are honoured to have been part of Volcano’s IPO journey. We are happy that the IPO has been so well received as this is a testament to the confidence the market has in fundamentally solid businesses. Volcano has a strong track record of over two decades supporting multinational companies (MNCs) who form the bulk of its customer base. This is an endorsement by global brands and well-known firms for Volcano’s dependability and quality of work.”

Volcano’s principal markets are Singapore and Thailand. Overall, the foreign market accounts for more than 95% of overall revenue in the financial year ended 31 December 2020. Multinational companies (MNCs) comprise 90% of the sales including some leading brand names such as Bernina, Hewlett Packard, Fisher & Paykel Thailand, Donaldson Thailand, Sharp Indonesia and Panasonic Thailand.

Volcano’s IPO on Bursa Securities is scheduled on 6 April 2021.

Please contact the below for more information:
Stefani Wan
Tel: +6012 286-1481
Email: s.wan@swanconsultancy.biz

Lvji Technology Announced 2020 Annual Results

Performance rebounded strongly in the second half of the year
Revenue from customized content surged

China’s leading online tour guide provider Lvji Technology Holding Inc. (Lvji Technology or the Company, together with its subsidiaries, the Group, stock code: 1745.HK) announced its consolidated results for the year ended December 31, 2020 (“the Year”).

Financial Highlights:

  • The revenue in 2020 was RMB295.1 million, compared with RMB541.8 million in 2019. The decrease in the revenue was mainly due to the global outbreak of COVID-19 in the first quarter which led to shrinking travel demand. The revenue in the second half of 2020 was RMB214.7 million, recording an increase of 167% compared to the first half of 2020.
  • The Company has been establishing in-depth cooperation with cultural and tourism bureaus and scenic spots across China. The revenue from the sale of customized content in 2020 was RMB13.0 million, a significant increase of approximately 49.9% compared to 2019.
  • The net loss for the Year was RMB100.6 million, whereas the profit in 2019 was RMB160.8 million. The loss was mainly due to the continuous pressure on the Company’s overseas online tour guide business, which was the result of the severe situation of overseas epidemic prevention and control, and the implementation of passenger flow control in domestic scenic spots, both partially offset the growth brought by the recovery of the domestic tourism industry since the second quarter in 2020. An impairment loss of RMB70.4 million in intangible assets was recorded for the year of 2020. Excluding listing expenses, the adjusted loss for the year was RMB61.1 million, and the adjusted profit for the year of 2019 was RMB178.8 million.

Operational Highlights:

  • The number of online tour guides increased by 6,559 from 19,493 as of December 31, 2019 to 26,052 as of December 31, 2020, while the number of tourist attractions in China covered by our online tour guides increased from 11,238 as of December 31, 2019, to 14,229 as of December 31, 2020. The Company’s online tour guides covered 279 AAAAA tourist attractions and 2,343 AAAA tourist attractions.
  • Established in-depth cooperation with the culture and tourism bureaus across China. During the reporting period, the Company successfully delivered several key projects of smart tourist attractions management service system. Developed SaaS system “Lvji Travel Tool” to help tourist attractions enhance their digital operation ability.
  • Using VR and other innovative technologies combined with online tour guides, “Lvji VR” has finished the delivery of projects such as Xijiang Thousand Household Miao Village of Guizhou Province, Guilin Tourism University of Guangxi Province and all-round Luoning County of Henan Province.

During the Year, the outbreak of COVID-19 has severely affected the economy in China and the world. The consumption and tourism industry was basically stalled and halted in the first half of the Reporting Period with a significant decrease in travel demand of consumers. Fortunately, with the pandemic being gradually controlled in China since the second quarter in 2020 and the recovery of the domestic tourism market, the Company’s domestic tourism business has also resumed growth. However, due to pandemic prevention and control requirements, tourist attractions in China were still implementing passenger flow control, and some consumers were still vigilant to travel. In addition, the Company’s overseas online tour guide business has been under pressure due to the severe condition of overseas pandemic prevention and control, partially offsetting the growth brought by the recovery of the domestic tourism industry.

The Company’s total revenue for 2020 is RMB295.1 million, a year-on-year decrease of 45.5% from RMB541.8 million in 2019. In the second half of 2020, the Company performed well in the wave of recovery in the tourism industry and achieved a strong rebound. Compared with the revenue in the first half of 2020, the revenue in the second half of the year was RMB214.7 million, an increase of 167% quarter-to-quarter. At the same time, benefited from the in-depth cooperation with the cultural and tourism bureaus and scenic spots across China, the revenue from the sale of customized content increased significantly by about 49.9% year-on-year to RMB13.0 million. The net loss in 2020 was RMB100.6 million whereas the profit was RMB160.8 million in 2019. In 2020, the adjusted loss for the year excluding listing expenses was RMB61.1 million, and the adjusted profit in 2019 was RMB178.8 million.

During the Year, the Company captured the opportunity of recover and invested in research and development resources continuously to increase the coverage of tourist attractions. The Company further consolidated its market leading position by optimizing and upgrading the online tour guides. As of December 31, 2020, the Company’s online tour guides reached 26,052, an increase of 6,559 from 19,493 as of the end of 2019. The number of tourist attractions in China covered by the Company’s online tour guides increased from 11,238 as of the end of 2019 to 14,229 as of the end of 2020, and the Company’s online tour guides covered 279 AAAAA tourist attractions and 2,343 AAAA tourist attractions. Furthermore, the Company increased in-depth cooperation with local culture and tourism bureaus by focusing on schemes of all-round tourism and smart tourist attractions. At the same time, the Company has been using new technologies to enhance the production capacities of online tour guide and customized content and expand marketing channels, so as to continue to maintain its market leadership.

Strategically increased the coverage of tourist attractions, and the content of tour guides was multi-dimensionally optimized

In 2020, the Company continued to increase the coverage of tourist attractions and the number of online tour guides was 26,052 as at the end of 2020. In the regular epidemic prevention and control stage, consumers’ demand for short-distance travel in peripheral regions was rising rapidly. Therefore, the Company strategically increased the coverage of suburban tourist attractions in domestic cities to actively capture the opportunities brought by the domestic tourism industry’s recovery and meet the diverse travel demand of consumers.

In addition, the Company has been continuously optimizing the original content of tour guides. The Company carried out multi-dimensional technological innovation on online tour guides including creative radio drama, audio production for tour guides, video editing, animation, 3D scene and sticker design; upgraded the content of articles and strengthened the content of cultural tourism; expanded the sharing of practical and personalized content from single tourist attraction explanation mode to sharing and recommendation of multiple content to realize the transformation of creative characters and perspectives; upgraded audio-visual module and integrated video animation with the cultural knowledge of tourist attractions to enrich the display form of tourist attractions; and enriched drawing style and created 3D hand-painted maps to intuitively display the panorama of tourist attractions and provide more interesting content for users to enhance the tourism experience.

Deepened cooperation with cultural and tourism bureaus and tourist attractions and continuously deployed all-rounded tourism and smart tourist attractions management service system layout

During the Year, the Company established in-depth cooperation with the culture and tourism bureaus across China, aiming to change the service mode of the tourism industry and consumers’ way of traveling. The Company developed a smart tourist attractions management service system to assist management departments of the government in the efficient management and reasonable deployment of local tourism resources in the form of big data center, command center, Internet portal, etc. During the Reporting Period, the Company successfully delivered several key projects of smart tourist attractions management service system.

Meanwhile, the Company has been continuously strengthening cooperation with tourist attractions by assisting them in VR and AI tour guides and establishing a mobile phone tour and a big tourism data platform to improve the comprehensive service and operation platform of all-rounded tourism. In addition, in order to improve the digital marketing and detailed operation service of tourist attractions, the Company also developed SaaS system “Lvji Travel Tool” to help tourist attractions enhance their digital operation ability, diversify the options for consumers’ returning purchase, construct private internet traffic pool system in tourist attractions, provide solutions for smart tourist attractions, and facilitate the digitization of tourist attractions. Customized content services with cultural tourism bureaus and tourist attractions will be one of the important drivers of the Company’s future performance growth.

Continuously innovated technology and strengthened offline channel expansion
As a technology-driven company, the Company always insists on the application of innovative technology to the cooperative tourist attractions, using VR and other innovative technologies combined with online tour guides. “Lvji VR” offers functions such as 720 panoramic VR, VR panoramic live broadcast, VR comic live broadcast and VR video documentary filming, providing higher-quality services to the tourism market during the normalization of the epidemic prevention and control stage. During the Reporting Period, “Lvji VR” has finished the delivery of projects such as Xijiang Thousand Household Miao Village of Guizhou Province, Guilin Tourism University of Guangxi Province, and all-round Luoning County of Henan Province.

Combined with the current popular innovative sales mode, the Company intensified the offline market layout and expansion of online tour guides. During the Reporting Period, the Company negotiated with a number of well-known tourism groups, local travel agencies and large organizations and developed innovative sales and marketing strategies, including projects such as live broadcasting promotions, “reservation + ticketing” initiates and SaaS sales model, which has enriched the diversity of channels.

Mr. Zang Weizhong, Executive Director, Chairman of the Board, Chief Executive Officer and Founder of Lvji Technology, said, ” In the future, we will strive to build an industry chain of culture and tourism service platform, continue to strengthen our leadership market position, and combine AR and AI technology to make the interactive experience of consumers more interesting. We will also continue to optimize the “Lvji Mobile Tour” and build three systems of comprehensive management, comprehensive operation and comprehensive service according to the demand of digital upgrading of the tourist attractions to empower the long-term development of the tourist attractions. At the same time, we will focus on the establishment of all-rounded tourism demonstration districts and optimize the demonstrative all-rounded labeling system and tourist transport center system with the goal of building a national all-rounded tourism demonstration area to construct a trinity of “provinces and cities, regions and tourist attractions” all-rounded tourism big data comprehensive service platform. Furthermore, we will continue to upgrade SaaS business, build a multi-terminal and multi-channel one-stop smart tourism ecological platform, connecting consumers’ “dining, accommodation, transportation, entertainment, and shopping” and other supporting consumer service facilities, so as to empower the tourist attractions in realizing smart management, smart marketing and smart services.”

Mr. Zang continued: “The outbreak of COVID-19 has greatly changed the industrial structure of the domestic tourism market. The pandemic has promoted the development of the tourism industry in terms of smart tourism. In the stage of regular epidemic prevention and control, the Chinese government has launched a number of measures to stimulate domestic consumption, resulting in the accelerated recovery of the tourism market. We believe that we are well-positioned to capture the recovery of the tourism industry and the opportunity of popularization of smart tourism to resume the growth within a short period of time with our core competitive advantages on continuous technological innovations and strategic cooperation with OTAs to maintain our leading position in the online tour guide market. “

About Lvji Technology Holdings Inc.
Lvji Technology Holding Inc. is China’s leading online tour guide provider. Established in December 2013, Lvji Technology bases on two core strategies of scenic guides and smart tourism and focuses on the development of all-round tour guide and smart tourism-related supporting services. As of December 31, 2020, the Company has developed a total of 26,052 online tour guides, covering 14,229 tourist attractions, including 279 AAAAA tourist attractions and 2,343 in China AAAA tourist attractions. It has formed a tourism ecosystem supported by online tour guides and smart management service systems and is a famous smart tourism industry solution expert.

This press release was issued by Porda Havas International Finance Communications Group for and on behalf of Lvji Technology Holdings Inc. For further information, please contact:

Porda Havas International Finance Communications Group
Ivy Lu +852 3150 6788 ivy.lu@pordahavas.com
Louise Liu +8621 3397 8796 louise.liu@pordahavas.com
Sonia Leung +852 3150 6737 sonia.leung@pordahavas.com
Fax: +852 3150 6728

New Overseas Chinese Launches Osaka ‘Tan Ya Xue’ Under the Epidemic

The Taste of China Arrives in Japan

The February 25, the Japanese special issue of People’s Daily Overseas Edition published a theme report titled New Overseas Chinese Launches Osaka ‘Tan Ya Xue‘ Under the Epidemic. This report occupies most of the page and is extremely eye-catching.

In the article, Huang Youzhi shares his entrepreneurial story in detail, from his life in Japan to the development and transformation of his career. He sincerely explained his original intention of bringing “Tan Ya Xue Old Hot Pot” to Japan. During the interview, Huang showed extremely keen insight and excellent strategic vision.

Tan Ya Xue Old Hotpot is a hotpot brand from China. With the traditional Sichuanese hotpot flavor, it has been widely loved by the Chinese people once it was launched. Relying on the product characteristics of special soup base and the innovative digital marketing, it has become popular in Sichuan and Chongqing in a short period of time, and then swept the country and the world. Today, the brand ‘Tan Ya Xue’ has more than 700 restaurants in China, the United States, Canada, France, Japan, Singapore and other countries.

The epidemic has affected the development of all walks of life, and the catering industry has been hit hard. Huang, who chose to lead the expansion of ‘Tan Ya Xue’ from Tokyo to Osaka at this time, said: “We originally planned to launch the Osaka Tan Ya Xue in early 2020, but the epidemic has broken people’s face-to-face lifestyle and business model. In any case, people have to survive the epidemic and cannot leave food. As new overseas Chinese raised in Japan, we should give something back at this time. We decided to overcome all difficulties. ” Huang also said: “It is precisely through the development of ‘Tan Ya Xue’ under the epidemic situation to help Japan, the “second hometown”, emerge from the haze of the epidemic as soon as possible.”

In China, the brand ‘Tan Ya Xue’ has been developed for many years. In addition to the taste, its unique dishes and the food culture are loved by Chinese diners. Nowadays, ‘Tan Ya Xue’ restaurants are opened all over the world, which not only satisfies the stomach of overseas Chinese but also relieves their homesickness. Talking about the development plan of ‘Tan Ya Xue’ in Japan, Huang, who is committed to bringing authentic Chinese taste to customers, said: “Bringing authentic Chinese food to Japan is a dream of mine.”

The opening ceremony of Tan Ya Xue Old Hotpot Restaurant in Osaka has received close attention from the Japanese people and has become a social hot spot. After the test of the epidemic, the Osaka restaurant will consider the local conditions, spread and avoid risks through diversified operations. In addition to Tokyo and Osaka, Tan Ya Xue Old Hotpot will successively land in Nagoya, Sendai and other places, and 25 chain stores will be planned to cover Japan.

Huang, who led the taste of China into Japan, became the representative of the new overseas Chinese in the report of People’s Daily Overseas Edition. Tan Ya Xue Old Hotpot, the brand introduced to Japan by him, also represents a kind of taste of China.

There is an old Chinese saying: ‘Where there is a will, there is a way’. The cooperation between Huang and the ‘Tan Ya Xue’ is a successful example of a strong alliance between individuals and enterprises, adapting measures to local conditions, advancing against the trend, and seeking common development together. In the future, more Chinese delicacies will go out of China, and the taste of China will become its new business card to the world.

Media contact:
Sichuan Tan Gong Catering Management Co., Ltd.
Vincen Zhao, Email: tanyaxue@163.com
Web: http://www.tanyaxue.com/

Motul set for 2021 MotoGP campaign with Team Suzuki and Pramac Racing

The 2020 MotoGP World Championship season was an incredible year, which saw Team Suzuki and Motul claim a clean sweep across the Drivers and Teams Titles. The famed Japanese manufacturer will continue with riders Alex Rins and Joan Mir, a line up that remains unchanged since 2019, with a clear aim of repeating the championship successes in 2021.

Motul will continue as the Official Lubricant Partner of the Suzuki factory team, extending the close working relationship between the two brands that have delivered success at the top flight of motorcycle racing for the past 32 years. This partnership has pinned its hopes on the championship-winning Suzuki GSX-RR, which has seen only minor upgrades due to a MotoGP engine freeze over the winter. The aim is clear for 2021 – to repeat the success of 2020 and achieve back-to-back titles.

Motul also confirms a key technical partnership with PRAMAC Racing for the MotoGP World Championship, inking a three-year deal which will see Motul and PRAMAC Racing competing at the top flight of motorbike racing until 2023. Jorge Martin and Johann Zarco will be leading the charge in 2021, both on the highly competitive Ducati Desmosedici GP bike which scored 5 podium finishes in the hands of PRAMAC Racing during the 2020 season.

This partnership extends away from the race track, where Motul Heavy Duty will be working closely with PRAMAC’s industrial applications in the energy and material handling sector. Motul will provide first fill lubricants at factory level for PowerGen equipment, providing high-performance diesel and gas lubricants to improve mechanical efficiency.

The 2021 MotoGP World Championship season begins this weekend, at the Losail International Circuit in Qatar on the 26-28 of March 2021. The action begins with the two Free Practice sessions on Friday, with Qualifying on Saturday and the Grand Prix on Sunday.

MotoGP Grand Prix of Qatar Schedule [GMT +3]

Friday [26/03/2021]
1540-1625 | Free Practice 1
2000-2045 | Free Practice 2

Saturday [27/03/2021]
1515-1600 | Free Practice 3
1920-1950 | Free Practice 4
2000-2015 | Qualifying 1
2025-2040 | Qualifying 2

Sunday [28/03/2021]
1540-1600 | Warm Up
2000 | Grand Prix of Qatar Race (22 Laps)

After 14 races in Europe, the series will head to Asia Pacific with rounds in Japan, Thailand, Australia and Malaysia in October. The MotoGP championship will then come to a close at the season finale in Valencia in November.

2021 MotoGP World Championship Calendar

26-28 March | Grand Prix of Qatar
2-4 April | Grand Prix of Doha
16-18 April | Grande Premio de Portugal
30 Apr – 2 May | Gran Premio Red Bull de Espana
14-16 May | SHARK Helmets Grand Prix de France
28-30 May | Gran Premio d’Italia Oakley
4-6 June | Gran Premi Monster Energy de Catalunya
18-20 June | Liqui Moly Motorrad Grand Prix Deutschland
25-27 June | Motul TT Assen
9-11 July | Grand Prix of Finland
13-15 August | Motorrad Grand Prix von Osterreich
27-29 August | British Grand Prix
10-12 September | Gran Premio de Aragon
17-19 September | Gran Premio Octo di San Marino e della Riviera di Rimini
1-3 October | Motul Grand Prix of Japan
8-10 October | OR Thailand Grand Prix
22-24 October | Red Bull Australian Motorcycle Grand Prix
29-31 October | Malaysia Motorcycle Grand Prix
12-14 November | Gran Premio Motul de la Comunitat Valenciana

About Motul

Motul is a world-class French company specialised in the formulation, production and distribution of high-tech engine lubricants (two-wheelers, cars and other vehicles) as well as lubricants for industry via its Motul Tech activity.

Unanimously recognised for more than 150 years for the quality of its products, innovation capacity and involvement in the field of competition, Motul is also recognised as a specialist in synthetic lubricants. As early as 1971, Motul was the first lubricant manufacturer to pioneer the formulation of a 100% synthetic lubricant, issued from the aeronautical industry, making use of esters technology: 300V lubricant.

Motul is a partner to many manufacturers and racing teams in order to further their technological development in motorsports. It has invested in many international competitions as an official supplier for teams in: Road racing, Trials, Enduro, Endurance, Superbike, Supercross, Rallycross, World GT1, 24 Hours of Le Mans (cars and motorcycles), 24 Hours of Spa, Le Mans Series, Andros Trophy, Paris-Dakar, 8 Hours of Suzuka, Bol d’Or, Daytona 200-mile motorcycle race.

MOTUL Asia Pacific Pte. Ltd
1A International Business Park, #06-03
Singapore 609933
www.motul.com