Tag: Singapore

Duet Protocol closes first-round funding at US$3 million

On 9th May 2021, Duet Protocol announced the closure of US$3 million in the first round of investment.

Duet identifies itself as the world’s first multi-chain synthetic asset protocol with a hybrid mechanism of over-collateralization and algorithm stabilization.

The first-round investment was led by OmniLAB, DraperDragon, Everest Ventures Group, One Block Capital, Moonwhale Ventures, Dutch Crypto Investors, LD Capital, Zonff Partners, Cabin VC, ArkStream Capital, individual investors include cofounder of BIT Digital Inc (NASDAQ: BTBT) and the partners of A&T Capital.

OmniLAB is the investment fund that backed the world’s first stablecoin (on OmniLayer) circulation specification for Lightning Network. DraperDragon Innovation Fund is a core member of Draper Venture Network and mainly focuses on investing in US-China cross-border startups.

The second round of investment and regional partners around the globe will be announced by Duet in the coming days.

Synthetic assets paradigm path selection

The Crypto market is a high-speed self-evolving dynamic ecosystem in which DeFi is pioneering massive adoption and mechanism innovation. “Duet is bridging the gap between real-world assets and crypto markets and we are convinced that synthetic assets are the optimal approach to connect these two worlds,” J.Bach, one of the core founding members of Duet protocol quoted.

Duet synthetic assets are targeting the stock market. Compared with the current alternatives, Duet claims to deliver a unique design to optimize minting and trading.

  1. Openness and user-friendly: Compared to Binance or FTX CM equity methods, on-chain synthetic assets minting on Duet are easier and friendly for investors, having no entry barriers, procedures cost, or single spot risk.
  2. Multiple collateral positions: Synthetix and Linear protocols adopt the single asset deposit with sharing debt method. Whereas, Duet chooses multiple collaterals with separated CDPs, which reduce minters’ risk and raises scalability.
  3. Assets diversity and compatibility: Compared with MakerDAO’s DAI and Mirror’s UST, Duet accepts various types of synthetic assets and embraces wider ecosystems, and supports Ethereum, BSC, and other EVM compatible blockchains.
  4. Compatibility: Duet provides transferable dAssets which could be leveraged in other DeFi protocols, compared with a perpetual-ish protocol which only supports long or short positions.

Establishing a financial world governed by DAO

The vision of Duet Protocol is to build an on-chain parallel space, with global partners and contributors, governed by DAO that enables the on-off ramp of Flat Assets (Traditional Assets) and Sharp Assets (Crypto Assets).

According to J.Bach, “Duet’s innovative dual synthesis model can greatly improve the capital efficiency of user’s funds. With Duet, the global investors would be able to create and allocate capital to any assets with only one digital wallet in a frictionless and user-friendly manner”.

Get the latest from Duet on Twitter @duetprotocol

Media Contact:
Nitesh, Duet Protocol
E : contact@duet.finance
W: https://duet.finance
T : https://twitter.com/duetprotocol

BitWell will Access PayPal to Facilitate Bitcoin Purchases

BitWell, a digital asset derivatives trading platform, announced that it will access global payment channels such as Visa, PayPal, and Master Card, providing users in over 65 countries and regions with access to 300 fiat currency payment channels and 20 digital currency payments, to facilitate global users in purchasing digital assets such as Bitcoin more easily and quickly.

This will significantly lower the barrier for users to participate in BitWell and purchase digital assets, promoting a more convenient experience for investors to access BitWell’s digital asset services.

To achieve these features, BitWell introduces Alchemy Pay. Alchemy Pay (ACH) is the world’s most adaptable crypto payment infrastructure, in which the payment system can support over 65 countries and regions, 300 fiat currencies and 20 digital currency channels, including global payment channels such as Visa/Master Card/PayPal, as well as locally popular channels such as Dana, OVO, MayBank, FPS, etc., in Indonesia, Vietnam, Europe and some other areas.

The BitWell platform token WELL will also go live on the Alchemy Pay (ACH) fiat and digital currency aggregation payment platform. Users will be able to use WELL payments at thousands of online and offline stores represented by global landmarks such as CeLaVi on the top floor of Singapore Sands Hotel, Pricerite Real Value in Hong Kong, Dubai Mall and other well-known merchants, with instant payment.

About BitWell
BitWell is an international digital asset derivatives trading platform that has launched a number of product lines, including options, perpetual contracts, spot trading, and savings, as well as an innovative industry-leading cross collateral model. BitWell is the first platform in the world to launch DeFi options, with the largest variety of options. It is also the platform with the fastest and most complete BSC spot trading and the highest return on flexible finance, providing users with one-stop digital asset trading and financial services. Visit https://www.bitwellex.com.

Media contact
BitWell Technology Limited
E-mail: operation@bitwellex.com
Website: https://www.bitwellex.com

KONE Redefines the Future of Smart City in Singapore with its DX Class Elevators — the World’s First Elevator Series with built-in Digital Connectivity

KONE, a global leader in the elevator and escalator industry, recently hosted a Customer Experience event in Singapore to showcase the world’s first digital elevator series. The Customer Experience event was held on 22 April 2021 at the National Gallery of Singapore. This was supported by key innovative partners such as Gaussian Robotics, Habitap, G Element and Blindsquare, to bring new user experiences to life through a combination of design, technology, new materials, apps and services.

Aimed at supporting Singapore’s vision to be a sustainable smart city through enhanced eco-efficiency, performance, and aesthetics, KONE DX Class elevators have built-in connectivity as standard. KONE DX Class revolutionizes the role of elevators in future smart buildings: the elevator is no longer merely a way to travel between floors, but an integral and integrated platform that offers intuitive, ambient and connected experiences that extend from the lobby throughout the building. For KONE customers such as infrastructure developers and building owners, a key advantage is the ability to have access to future-proof solutions, where elevator experiences are adapted and upgraded for different needs.

“We are excited to introduce the world’s first digitally-connected elevators — enhancing building value along with our larger ecosystem of partners in the region,” says Mikko Bjork, Managing Director, KONE Singapore. “Not only does the DX Class elevator series bring convenience to customers and users, it also offers a chance for us to secure a green, liveable, and sustainable city for future generations to live in.”

The new KONE DX Class enables customers to tailor and plug in additional software and services for elevators throughout the entire lifetime of a building. By using open application programming interfaces (APIs), KONE’s approach makes it easy to manage and integrate different devices, apps and services with new and existing systems. For elevator passengers this brings a host of new, multisensory experiences inside the elevator, combining physical hardware and digital services. These can be customized according to individual needs and preferences, bringing new levels of ease and convenience.

“We have been working with KONE on distinct, cutting-edge lift integration capabilities that use autonomous cleaning robots to navigate and clean multiple floors in a building by itself,” says Kevin Lee, Business Development Director Gaussian Robotics. “The goal is to always provide a safe and clean work environment for tenants and employees in the building.”

Every KONE DX Class elevator provides:

  • The option for customers to easily and remotely activate digital services when they need to, including KONE 24/7 Connected Services and KONE Residential Flow.
  • Secure APIs for third-party solutions, which create new and exciting services. KONE is also announcing agreements with a number of companies, such as Blindsquare; Gaussian Robotics; Habitap; G Element; and more, to bring new levels of sophistication to the people flow experience.
  • A whole new variety of design options and innovations, including anti-stain, anti-scratch, and anti-bacterial surfaces.
  • Advanced dynamic display, sound and lighting options to transform the ambianceazx and interior.
  • A range of sustainable materials to meet green building criteria like BREEAM and LEED.

“KONE is merging technologies of today with existing infrastructure to create smarter and more intelligent buildings — supporting the growth of sustainable cities with a purpose,” says Samer Halabi, Executive Vice President of KONE APAC. “Combining new products and services over the lifetime of a building can be very powerful, and the KONE DX Class makes elevator journeys more enjoyable and sustainable.”

The new KONE DX Class elevator series is ideal for customers looking to modernise existing equipment with enhanced eco-efficiency, performance, and aesthetics. The KONE DX Class will replace the current KONE elevator range.

Read more:
Read more about KONE DX Class elevators: https://www.kone.com/en/products-and-services/elevators-escalators-automatic-doors/kone-dx-class-elevators.aspx
For images and videos, visit KONE’s Material Bank: https://materialbank.kone.com/content/kone-material-bank/search_page.html
Watch the mind-controlled elevator video: https://youtu.be/kUHl9MhgA6M
Connecting more than floors to tickle your senses: https://www.kone.com/en/news-and-insights/stories/connecting-more-than-floors-to-tickle-your-senses.aspx

About KONE

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow(R), we make people’s journeys safe, convenient and reliable, in taller, smarter buildings. In 2020, KONE had annual sales of EUR 9.9 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com

Commodities Intelligence Centre (CIC) Sees 26% Jump in Registered Customers in 2020

Singapore-based Commodities Intelligence Centre (CIC) – a Joint Venture between the ZALL Smart Commerce Group (ZALL), Singapore Exchange (SGX) and Global eTrade Services (GeTS) – has announced strong growth in FY2020, driven by the urgency for supply chains to digitalize during the pandemic. In 2020, the number of customers on the platform grew by 26 percent as compared to 2019 to reach 5800 registered users. Among the commodities traded on the platform include ferrous and non-ferrous metals, agricultural products, plastics and chemicals, and oil products. The total cumulative gross merchandise volume (GMV) on the CIC platform grew by over US$3.1 billion (S$4.1 billion) to reach US$13.4 billion (S$17.6 billion), an increase of more than 30 percent from 2019.

Peter Yu, Chief Executive Officer of CIC shared, “By making our platform and technologies affordable and easy to use, SMEs are able to easily onboard the platform and make use of these digital tools to grow their businesses. With global disruptions such as COVID-19 and the recent Suez Canal incident, we want to help SMEs build more sustainable and resilient businesses that can endure these challenging times as they grow and expand in Asia and to achieve greater trading synergies globally.”

According to the UOB SME Outlook Survey 2021, 34 percent of SMEs find digital adoption costly to implement, and yet companies who have digitally transformed one or more departments, or their entire business, have seen significantly higher revenue growth. One of the Singapore SMEs who have benefited from CIC’s platform is Go Holdings, a cullet supplier in Southeast Asia. Tapping on CIC’s business intelligence service DataPro, it has been able to access a wide database of over 2 billion records of customs and trade data from more than 110 countries across Asia, Europe and the Americas. This has allowed them to uncover new markets and diversify their trading operations, and connect with reliable partners and suppliers that align with their business goals. Alongside this, CIC also recently introduced a convenient Know-Your-Customer (KYC) service that helps SMEs with their due diligence to better manage their business risks.

Huang Zhi Rong, Business Development Executive of Go Holdings, shared, “As a general trading company from a traditionally offline industry, the thought of digitalization can be daunting and challenging as this is often costly and resource-intensive, and it takes up time and effort. However, digital platforms such as CIC, has allowed us to gain a competitive edge in the market, especially during the Covid-19 pandemic, by providing us with valuable market insights to guide our decision making and has enabled us to tap on the right information sources to strategize our business plans that have brought about profound changes to our import and export trade businesses.” Go Holdings is currently a subscriber of CIC’s DataPro services.

Over the past year, CIC has embarked on numerous initiatives to support SMEs in their digital transformation journey. In May 2020, CIC worked with Singapore Business Federation (SBF) to support SMEs under the “Rising in Support of Enterprises (RISE)” programme during the height of the pandemic. In December 2020, it has also jointly launched a “Digital Silk Road” initiative led by ZALL, and joined Singapore’s Blockchain for Trade & Connectivity (BTC) Network, which aims to help SMEs embrace the power of digitalisation to uncover new trading opportunities and to promote greater efficiency and transparency across global supply chains.

With sustainability becoming increasingly important for companies, CIC is also focusing more efforts to support commodity trading that contributes towards climate change and environmental sustainability, such as clean and renewable energy, as it aims to groom more than ten Global Commodity Champions over the next three to five years on the back of the world’s largest trade pact, the Regional Comprehensive Economic Partnership (RCEP) and China’s dual circulation strategy.

“At Go Holdings, we have also focused on environmental sustainability. Although it has not been an easy journey for us, we have taken steps to become a sustainable company, from our selection of partners and vendors that share our common values to our internal processes that promote the use of sustainable materials and culture of Reuse, Reduce and Recycle among our employees”, added Huang Zhirong of Go Holdings.

About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionize commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$13.4 billion (S$17.6 billion), with over 5,800 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia. For more information, please visit www.cic-tp.com.

For media queries
E: CIC@preciouscomms.com

How Bussr’s AI-Based Technology Is Set to Reshape the World’s Roads and Economies

Singapore-based transport disruptor Bussr has the attention of the global investment community for its vision to change the way the world moves from A to B, and for the abundance of talent at its table. Bussr’s vision springs from the trio of former Rocket Internet founder and CEO Hussein Abdelkarim, veteran technology consultant and co-founder I.M. Shousha, and former Microsoft Chief Architect, co-founder and CTO Ajay Bhandari.

With people looking for better lives in our cities, the world’s urban population has grown 55% in the last 50 years, and now generates more than 80% of our global GDP. Central to this is mobility, and demand for urban road passenger transport is expected to double by 2050. The economy is reliant on the freedom of movement for its citizens to be productive members of society.

Forward-thinking cities have had the realization that the future lies in mass transit such as buses, subways, trains, and ferries, as well as walking and cycling. The rise of electric vehicles (EVs), micromobility, Uber, Grab, and Didi have made inroads over the last few years, but much more needs to be done to address the systemic throttling in the global transport sector.

Hussein Abdelkarim, Shousha and Bhandari see the current transport sector as a chaotic dance. But by digitizing this mobility they trust their technology will bring a choreographed elegance to the way people travel. Each Bussr trip is a choreographed, seamless leap from place to place, leaving cities less congested, less polluted, free to breathe again. All of which are part of Bussr realizing its goal of “Digitizing mobility. Connecting the world.”

Bussr’s Mobility-as-a-Service (MaaS) technology acts as both an app for private use and an end-to-end, omnichannel ticketing, payment, and fleet management solution for enterprises. Its specialist artificial intelligence (AI) platform continually monitors millions of data points to help mass transportation systems operate at optimal efficiency for both passengers and operators.

Bussr’s app can be branded or white-labeled for transport providers and is available to cities, operators, schools, and corporates. The enterprise use of Bussr allows the management of ticketing and payment and provides immense data insight into traveller flow, density, and timing. Operators can then accurately predict and plan the future needs of both passengers and transport solutions.

Bussr’s Big Thinking Has Attracted Big Backing

Bussr recently raised an undisclosed amount in a round led by high-profile investors, such as Bridford Group, Peng Ong of Monk’s Hill, Le Mercier Group, Jack Selby of Thiel Capital, Altitude Partners, Angela Huang of Hillhouse, Duncan Clark, Founder of China BDA, Alibaba early investor and author of the book ‘The House That Jack Ma Built,’ Andrew Huang of Fountainvest, and AI Capital, the founding team of Siri. There are also strategic angel investors from Facebook, PayPal, Lyft, Spotify, Zoom, Didi, and Impossible Foods.

The funds will expand Bussr teams across engineering and product design while also creating further strategic partnerships to enhance its reputation as a global player in mobility technology, a market that analysts say will reach US$908.8 billion by 2027. And Bussr, by digitizing this mobility market, trust that their technology will bring an elegance to the way people travel.

The Bussr app is available on Android and iOS, and can provide full travel options utilizing ride-sharing, public buses, trains, renting of scooters, and even bicycles to complete a trip. The user enters Point A and Point B, and the app manages every facet of the journey, AI providing the optimal route in terms of time and cost, while reducing the carbon footprint by reducing dependence on single-occupant vehicle use.

Bussr also offers real-time communication, fleet maintenance, and automated workflows creating the foundations of efficient fleet management. Cities and operators will ultimately be able to manage their citizen and passenger mobility needs better while reducing pollution and congestion. Future-proofing benefits for governments and private mobility partners include facial recognition capabilities for passenger check-in, safety, and security.

More than 900 transport partners are enjoying the advantages of Bussr technology including Bluebird, the largest private transportation group in Southeast Asia, and Royal Platinum and Pahala Kencana, the largest intracity and intercity private operators in Indonesia. There are also 60 major payment providers already on the Bussr platform, and with 2,500 destinations in 370 cities, more than 6,000,000 travellers used Bussr’s network in 2020.

Please contact:
Media Relations, Bussr Technologies
E: press@bussr.com, Web: www.bussr.com

Former Head of Operations of Binance Global Fiat Exchanges becomes COO of BitWell

SINGAPORE, Mar 4, 2021 – (ACN Newswire) – BitWell has announced that Hsann, the former head of operations of Binance global fiat exchanges, has become COO at BitWell.

Hsann established multiple fiat exchanges, such as Binance US / Singapore / Jersey / Korea / Uganda and Tokocrypto, which enable local customers to buy crypto using fiat currency (USD, SGD, EUR, GBP etc.) under the conditions of legal compliance through all above channels with no entry barriers. He was also responsible for operations of the exchanges.

BitWell CEO Jeff Young said, “Hsann is a co-founder of BitWell, as the former head of operations of Binance global fiat exchanges, he expanded Binance business globally, significantly enhanced its international visibility. I believe that he will help BitWell grow rapidly and stably with his experiences in this area as BitWell COO.”

Hsann said, “I appreciate the trust given by the BitWell team, as a co-founder, I am really pleased to work with Jeff again. I believe we are definitely able to build BitWell into a world-leading derivatives exchange together with our fantastic team.”

About Hsann
Hsann is the co-founder and COO of BitWell. He worked with Binance as a head of operations for fiat exchanges and has launched multiple fiat exchanges. Before Binance, he worked at Flextrade, a FX trading platform serving leading financial banks and asset management funds. Flextrade’s high-performance system was trusted by many industry leaders.

Prior to Flextrade, he worked in IBM and Toshiba as a developer and project manager to develop device drivers for IBM retail store solutions to serve world-leading retail clients such as Walmart, Starbucks and others. Hsann obtained the Master of Science in Embedded Systems from Nanyang Technological University, Singapore and Master of Business Administration (Finance) from National University of Singapore.

About BitWell
Launched on 6/4/2020, BitWell is a global crypto derivatives exchange based in Singapore. It supports spot and option trading and expects to support futures trading soon. https://www.bitwellex.com.

Media contact:
Luke, operation@bitwellex.com, BitWell Technology Limited.


BH Global, Penguin International, Strategic Partners sign MoU to Develop Singapore’s first Hybrid Electric Marine Launch

BH Global Corporation Limited (“BH Global”), is pleased to announce that BOS Offshore & Marine Pte Ltd (“BOS”), a 90% owned subsidiary of the Group, has entered into a Memorandum of Understanding (“MoU”) with strategic project partners Penguin International Limited (“Penguin International”), Danfoss, Durapower Technology (Singapore) Pte Ltd (“Durapower”) and Bureau Vitas Marine (Singapore) Pte Ltd (“BV”) for the joint design, development and construction of Singapore’s first plug-in hybrid electric fast launch.

The scope of cooperation includes integrating hybrid electric solutions, testing and certification. The know-how generated will support Singapore’s push towards the adoption of hybrid electric propulsion systems for its maritime industry.

Under the MoU, the five parties will contribute their respective expertise into the collaborative relationship:

1. BOS will provide technical and commercial expertise in the development of commercially viable Plug-in Parallel Hybrid Electric Propulsion Systems (“BOS EP System”) for small-to-medium sized vessels for operation in and around Singapore.

2. Penguin International, a leading designer, builder, owner and operator of aluminium high-speed vessels, will design, construct and commission a newbuild hybrid launch boat with the BOS EP System installed, and will operate the vessel on commercial routes.

3. Danfoss and Durapower will support the testing and integration of their power drive trains and energy storage systems respectively with the BOS EP System.

4. BV will review and endorse test facilities and procedures necessary towards certification of the BOS EP System. The hybrid launch will be classed by BV as a hybrid vessel.

In addition, BOS will spearhead further collaborations to develop the BOS Marine Electric Integration Centre, and drive initiatives towards the digitalisation of vessel operations with data analytics capabilities and smart connectivity features, and the development of a complete electrification ecosystem in Singapore.

This collaboration provides the Group with a clear roadmap towards realising its goal of becoming a leading player in the Singapore maritime industry’s drive towards achieving global standards on carbon emission reductions. The Group intends to achieve this by offering environmentally sustainable solutions and expertise, with continual efforts on research and development and collaborations with local homegrown companies.

Commenting on the signing of the MoU, Mr Vincent Lim, Chief Executive Officer of BH Global said “It is a great honour to partner with Penguin International and other industry players with solid expertise in their respective fields. This collaboration is a significant stride for BH Global towards its goal of delivering environmentally friendly and commercially viable solutions for the local maritime industry, contributing positively to Singapore’s push towards reduction of carbon emissions and environmental sustainability in local maritime operations. Most importantly, we are working collaboratively with Singaporean homegrown companies towards the realisation of this goal, putting Singapore on the world map as a global maritime member with the ability to deliver technologically advanced solutions towards the global goal of reducing carbon emissions.”

“Penguin is honoured to team up with like-minded companies like BH Global, Danfoss, Durapower and Bureau Veritas in this landmark project,” said Penguin International’s Managing Director Mr James Tham. “We are mindful of the role we play in Singapore’s marine ecosystem. This privatelyfunded collaborative partnership is the best way forward in commercialising proven technologies in marine hybrid propulsion for the benefit of Singapore.”

About BH Global Corporation Limited (Bloomberg Code: BHGM.SP)

BH Global Corporation Ltd is an established group providing comprehensive solutions in supply chain management, design and manufacturing, engineering, and surveillance and cyber security to a multitude of industries across the globe. With more than half a century of experience and presence in the marine and offshore, oil and gas, industrial, petrochemical and commercial sectors, the Group has built strong synergies and expertise that strategically position it to develop turnkey solutions focused on electrification, digitisation and environmental sustainability. Through excellent research and development and project management capabilities, BH Global has a unique platform which is proficient in producing integrated solutions to capture growth opportunities, executing swift and impactful value-added services to its clients worldwide. For more information, please refer to the website, www.bhglobal.com.sg

About BOS Marine & Offshore (BOS)

BOS is a Project Management Engineering company that specializes in Electrical, Instrumentation & Telecommunication for both offshore and onshore oil and gas industries. BOS also provides a wide range of services such as Project Management, Procurement Management, Detailed Engineering and Project Sales and Proposal. BOS is also the exclusive distributor of renowned FPI’s GRE (Glass Reinforced Epoxy) pipes in Singapore, Japan and Vietnam. BOS pays meticulous attention to details in engineering design. Also, BOS assists clients to develop customized solutions from initial evaluation to project planning and execution to installation and commissioning, including on-going maintenance which ensures seamless integration in order to minimize expenditure and maximize operational efficiency.

About Penguin International Limited

Penguin International is a Singaporean homegrown, publicly listed designer, builder, owner and operator of aluminium high-speed crafts. Through a group of wholly owned, integrated subsidiaries, Penguin International operates a fleet of crewboats and passenger ferries, as well as shipyards in Singapore and Batam, Indonesia. Penguin International serves customers worldwide. Since 1995, Penguin International has delivered more than 200 aluminium workboats, patrol crafts and passenger ferries to ship owners around the world, including over 150 of its proprietary-designed Flex offshore crewboats and armoured security boats. For more information, please refer to the website, http://www.penguin.com.sg/

About Danfoss

Danfoss engineers the technologies that enable the world of tomorrow to do more with less. We meet the growing need for infrastructure, food supply, energy efficiency and climate-friendly solutions. Danfoss was founded in 1933 by Mads Clausen in Nordborg, Denmark, where the headquarters is still located. As a privately held company Danfoss has grown from a solo enterprise into a world-leader. We employ almost 28,000 people and serve customers in more than 100 countries. For more information, please refer to the website, https://www.danfoss.com/en-sg/

About Durapower

Durapower Technology Group specialises in the research and design, manufacturing and system integration of advanced lithium-ion battery technology for automotive vehicles and stationery energy storage systems. Durapower has company presence in Singapore, China, the Netherlands and Thailand, and a global network of customers in the electric automotive and energy storage sectors in the international market. Durapower is a tier-one supplier to vehicle manufacturers and has its battery systems integrated in thousands of EVs (Electric Vehicles), HEVs (Hybrid Electric Vehicles) and PHEVs (Plug-in Hybrid Electric Vehicles) and other applications in about 20 countries across China, Europe, Japan, India and Southeast Asia. For more information, please refer to the website, https://www.durapowerbattery.com/

About Bureau Vitas

Created in 1828, Bureau Veritas is a global leader in Testing, Inspection and Certification (TIC), delivering high quality services to help clients meet the growing challenges of quality, safety, environmental protection and social responsibility. As a trusted partner, Bureau Veritas offers innovative solutions that go beyond simple compliance with regulations and standards, reducing risk, improving performance and promoting sustainable development. Bureau Veritas is recognized and accredited by major national and international organizations. For more information, please refer to the website, https://group.bureauveritas.com/

For more information, please contact:
Romil SINGH, romil@financialpr.com.sg
Ralph Chen Qihang, qihang@financialpr.com.sg
Robin Moh, robin@financialpr.com.sg
Tel: +65 6438 2990

Genesys Introduces Experience as a Service Enabling Organizations to Deliver True Personalization

Rapid innovation, lightning-fast deployments and infinite scale solidifies Genesys Cloud as the world’s leading public cloud contact center platform

Genesys(R), the global leader in omnichannel customer experience and contact center solutions, announces it is changing the name of its flagship software as a service (SaaS) offering, PureCloud(R), to Genesys Cloud(TM). This shift reflects the evolution of the company and marks the launch of Experience as a Service(SM) powered by Genesys Cloud, which enables organizations to achieve true personalization at scale. Genesys Cloud, an all-in-one solution and the world’s leading public cloud contact center platform, helps organizations provide better experiences to their customers and employees.

“Through Genesys Cloud, we’re delivering Experience as a Service to make it easier for organizations to foster customer trust and loyalty. This starts by helping them know their customers as individuals, not profiles or segments, and leading with empathy throughout every connected moment,” said Tony Bates, chief executive officer of Genesys. “When businesses can provide distinctive experiences tailored for each customer, they’re achieving the level of personalization today’s consumers are looking for – and that’s what we enable with Genesys Cloud.”

The solution for any organization

Last year alone, nearly 500 new customers across the globe selected Genesys Cloud, including Banco Inter, Concord Servicing Corporation, eFinancial, Ethiopian Airlines, Medicard Philippines, Inc., Paycor, SITA and TechStyle. The company also announced it closed more than 1,000 deals with existing customers in 2019, helping them to further modernize the service they deliver through Genesys Cloud. Deployments range in size from 20 to 20,000 seats with nearly 90 percent of organizations fully implemented in just 90 days.

“As the fastest growing digital bank in Brazil, we chose Genesys Cloud because we needed a cloud-based omnichannel customer experience platform that could keep up with our accelerated growth strategy,” said Joao Marcus dos Santos, customer care IT leader of Banco Inter. “Genesys Cloud allows us to use a single solution to engage with our customers on every channel and provides the flexibility we need for our company’s rapid evolution, enabling us to add innovative and disruptive solutions quickly.”

New pricing gives businesses ultimate agility

To make it even simpler for organizations to adopt Genesys Cloud, the company is rolling out new usage-based pricing. Beginning in the first quarter of 2020, customers have the flexibility to pay only for the hours they want and add as many users as required. In addition, customers can also make changes to their subscription bundle, such as increasing hours and adding digital channels or workforce engagement management seats. This gives customers unmatched versatility to tailor their subscriptions to meet evolving business requirements.

“After a nearly 30-year legacy of providing leading on-premises contact center solutions, Genesys has successfully pivoted to the cloud – a feat many premises providers have tried but few have succeeded in making,” said Sheila McGee-Smith, president, McGee-Smith Analytics. “Genesys Cloud gives businesses the best of both worlds: one of the industry’s most powerful cloud platforms enabling rapid innovation and scalability, coupled with the knowledge and expertise of an industry pioneer. This winning combination enables even the most complex organizations to provide a differentiated experience to each customer, every time.”

The platform for rapid innovation

Easily and cost-effectively customizable, Genesys Cloud is an innovative development platform that allows organizations to address the unique needs of their customers and industry. With its robust feature set, open APIs and 100% microservices-based architecture, the platform was built for developers by developers. In fact, last year alone, 60% of the platform’s 7 billion and growing monthly API calls originated from customers and partners. In addition, organizations have even more opportunity to make Genesys Cloud their own by leveraging applications, integrations and services from the Genesys AppFoundry(R), the fastest growing dedicated customer experience marketplace in the industry.

The company also announced it is delivering all new innovations exclusively via the Genesys Cloud platform. This makes it easy for any Genesys customer – whether on-premises, cloud or hybrid – to consume new capabilities, including artificial intelligence, digital, predictive analytics and more, regardless of the Genesys product they use.

Learn more about transitioning from an on-premises contact center solution to Genesys Cloud. https://bit.ly/370c37E

About Genesys

Every year, Genesys(R) delivers more than 70 billion remarkable customer experiences for organizations in over 100 countries. Through the power of the cloud and AI, our technology connects every customer moment across marketing, sales and service on any channel, while also improving employee experiences. Genesys pioneered Experiences as a Service(SM) so organizations of any size can provide true personalization at scale, interact with empathy, and foster customer trust and loyalty. This is enabled by Genesys Cloud(TM), an all-in-one solution and the world’s leading public cloud contact center platform, designed for rapid innovation, scalability and flexibility. Visit www.genesys.com.

(c)2020 Genesys Telecommunications Laboratories, Inc. All rights reserved. Genesys, and the Genesys logo, are trademarks and/or registered trademarks of Genesys. All other company names and logos may be registered trademarks or trademarks of their respective companies.

Contacts:

Manali Pattnaik
Senior Public Relations Manager
Genesys
manali.pattnaik@genesys.com
T: +65 6521 9552

Tan Yanchang/ Jann Wee/ Melinda Ilagan
PRecious Communications for Genesys
E: genesys@preciouscomms.com
T: +65 6303 0567

AI Won’t Replace Human Capital in Next 10 Years; Food Improves Talent Retention

  • LIFT 2019 was Swingvy’s first conference on November 21 giving business owners and thought leaders a platform to discuss predictions around the future of work
  • Singapore’s employee engagement index is the second lowest in Asia Pacific Region, at just 72%; 90% of Millennials think about new job opportunities before their probation ends

Award-winning HR tech platform Swingvy officially debuted LIFT 2019, it’s first ever inaugural conference that drew over 150 participants from AVIVA, Citibank, Wantedly, Validus, SCCI, Exxon Mobil, Terrapin, and Financial Alliance. Through LIFT, Swingvy sees the opportunity to enable conversations and provide a platform for business owners, thought leaders, and aspiring entrepreneurs to come together and discuss what the future of work might look like in the face of increasing technological advancements.

According to a survey conducted by Swingvy, 43% of employees frequently think about quitting, and 48% are currently unhappy with their job. “We co-founded Swingvy because the ‘Human Resources’ industry sometimes does not focus on the ‘human’ aspect of things,” said Jin Choeh, CEO and Co-Founder of Swingvy.

“Swingvy is first and foremost, a people empowerment platform besides our core business of an all-in-one HR cloud platform, and through creating LIFT, we want to empower communities and inspire positive change across all industries! Whether you are a business owner, thought leader, or aspiring entrepreneur, we believe everyone can learn from each other.”

Swingvy’s CEO and Co-Founder predicts that human capital is still integral in jobs today, and will still be important for jobs in the future. “AI cannot yet replace human capital, and even if we get to a point where that happens, we see that the human touch is still very much needed.

According to LinkedIn’s inaugural global Inside the Mind of Today’s Candidate report, 34% of Singaporeans have no intention to stay at their jobs for more than a year. “This could be due to the lack of employee engagement, since we see a third of all employees eating at their desks alone up to 4 times a week,” said Adele Grosskopf, Head of Deliveroo for Business.

“Workplace culture actually plays a big role in employee engagement and retention, sometimes even more than just salary. Through Deliveroo for Business, we aim to encourage social eating to increase team bonding, leading to happier and more productive employees.”

The Nov 21 half-day conference on also had keynote speakers Lars Voedisch, Managing Director of PRecious Communications, and Ang Kian Peng, Director of Samsui Supplies & Services Pte Ltd. These four keynote speakers were joined by founders from other start-ups as well, in industries such as education, technology, commerce, finance, music and events.

At LIFT’s “Challenges Of The Future Workforce and How To Prepare For The Next Recession” session, panellists Tho Kit Hoong, Co-Founder of Swingvy, Kenneth Ho, CEO and Founder of BEAMSTART, Adrian Tan, Regional Leader, Client Solutioning APAC, at PeopleStrong, and Gail Lau, Regional Leader Talent Acquisition Partner for 99.co, discussed the differences between technological advancements and technological empowerment.

Tho also spoke about how jobs in the future could evolve to become decentralised, and catered more to the gig economy. “The world is getting smaller, so virtualisation and shared services is the way to go. Talent should no longer be confined to a country, since in future flexibility will be more important.”

In 2020, Swingvy plans to go regional with LIFT, and plans for the conference to lift off in Malaysia in early 2020, and in Taiwan by October 2020.

Inspired by TED Talks, Swingvy will make all sessions from LIFT available on https://lift.swingvy.com

Official Hashtags:
#ItsgonnabeLIFT | #SwingvyLIFT | #DeliverooForBusiness | Learn more at https://lift.swingvy.com

About Swingvy
Swingvy is a modern HR platform that aims to revolutionize and transform HR practices for small and mid-sized businesses. Built to champion people in their work, Swingvy seamlessly connects all HR information – HR, Payroll, Claims and Benefits – and automates every administrative task without hassle. Swingvy serves over 6,500 companies from offices in Kuala Lumpur, Singapore, Taipei and Seoul. Swingvy was founded in late 2016 with a mission to create a workplace where work empowers people. For more information about Swingvy, please visit: https://www.swingvy.com

About LIFT
LIFT brings together brilliant minds, innovators, creators, entrepreneurs, dedicated leaders from various industries and their community into one space. The knowledge-sharing space will be the people platform to lift conversations as a positive change driver for business and society today. For more information on LIFT, please visit: https://lift.swingvy.com/

About Deliveroo
Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with over 80,000 best-loved restaurants and takeaways, as well as 60,000 riders to provide the best food delivery experience in the world. Deliveroo is headquartered in London, with 2,500 employees across 13 markets including Australia, Belgium, France, Hong Kong, Italy, Ireland, Netherlands, Spain, Taiwan, UAE, Kuwait, the UK and Singapore. For more information on Deliveroo, please visit: https://deliveroo.com.sg

About Deliveroo for Business
Deliveroo for Business is Deliveroo’s corporate arm, serving an amazing range of cuisines to boardrooms and hotel rooms across the country. It flips the idea of the stale sandwich platter on its head – bringing the broadest range of cuisines to offices and business across the country.

Deliveroo for Business is a corporate account-based system, offering two types of access:
1. Companies can add an allowance (credit) to an individual Deliveroo account to allow staff to order throughout the day. Time and location restrictions can be set on any allowance.
2. Corporate ordering gives office managers, event teams and nice bosses everywhere to access a wider range of restaurants able to cater large orders.

Essentially, Deliveroo for Business changes the definition of desk-dinners. Employers can foot the bill for top quality breakfast, lunch and dinner delivered to the office, or within whichever parameters they decide work best for their team. Find out more about Deliveroo for Business at: https://deliveroo.com.sg/business/.

Media Contact
PRecious Communications for Swingvy
Debbie Beins
T: +65 6303 0567
E: swingvy@preciouscomms.com

Deliveroo
Greg Kwan
T: +852 6893 6799
E: greg.kwan@deliveroo.com

Strong exhibitor participation at Singapore Airshow underscores Asia’s positive growth outlook for aerospace and defence industries

Underscoring a strong growth outlook for Asia’s aerospace and defence industries, Singapore Airshow is pleased to share that over 95% of its exhibition space has been taken up for the upcoming 7th edition held from 11 – 16 February 2020 at Changi Exhibition Centre, Singapore.

Solidifying the significance of Singapore Airshow as a versatile platform for countries looking to expand their businesses on both the commercial and the defence fronts, is the increased participation of exhibitors from Asia Pacific and the Middle East, with first-timers such as Japan’s Subaru, Nagano Techno Foundation, Kiguchi Technics Inc and Fadeco Corporation, as well as Saudi Arabia’s General Authority for Military Industries.

Singapore Airshow brings together comprehensive perspectives from leading authorities on platforms such as our Business Forums for strategic dialogues, discussing industry developments, challenges and opportunities. This edition, topics covered include next generation manufacturing and repair, new OEM business models, and innovation.

“The expanding participation of prominent industry players as exhibitors and influential speakers is a testament to the renowned standing of Singapore Airshow as a dynamic world-class platform for countries and companies to build networks and forge strategic partnerships in the aerospace and defence ecosystem,” said Mr Leck Chet Lam, Managing Director of Experia Events Pte Ltd, organiser of Singapore Airshow. “We are pleased with the strong participation once again and look forward to a week of networking and strong conversations.”

For further information, please contact:

Experia Events Pte Ltd
Christie Chong
christiechong@experiaevents.com
+65 6595 6131

Hill + Knowlton Strategies
Serene Goh
serene.goh@hkstrategies.com
+65 6390 3320

About the Singapore Airshow
The biennial Singapore Airshow is Asia’s largest and most influential international aerospace and defence exhibition for stakeholders to forge strategic alliances, collaborate for change to shape the future of the global aviation industry. Organised and managed by Experia Events Pte Ltd, the Singapore Airshow serves as a platform for high-level conferences such as the Singapore Airshow Aviation Leadership Summit (SAALS) which brings together thought leaders and key decision makers in the global aerospace and defence industry. Singapore Airshow 2020 will take place at Changi Exhibition Centre from 11 to 16 February 2020. For more information on Singapore Airshow 2020, please visit https://www.singaporeairshow.com/trade/ or email us at pr@singaporeairshow.com.

About Experia Events Pte Ltd
Experia Events specialises in organising and managing exhibitions and conferences of strategic interest, fostering industry development and thought leadership. It has built a strong portfolio in aerospace and defence with the highly successful Singapore Airshow, Asia’s largest aerospace and defence event, and key events such as IMDEX Asia, Asia Pacific’s flagship maritime defence show; Rotorcraft Asia, the premier dedicated event for the global civil helicopter industry; and Unmanned Systems Asia, which presents the future of unmanned systems across a vast spectrum of commercial and defence applications. Experia Events’ expertise also extends to the government and lifestyle sectors, through key events such as the World Cities Summit, Singapore International Water Week and CleanEnviro Summit Singapore. With a proven track record underscoring its aspirations to stage events that influence, Experia Events aims to diversify its range of strategic events globally. For more information, visit www.experiaevents.com.