Day: October 27, 2021

Webtel.mobi’s Artificial Intelligence Complex Adaptive System enabled it to create the world’s first Globally Unified Digital Currency and Clearing System. It has also enabled WM to create a Globally Unified Personal Emergency Service and Disaster Warning Service – for use worldwide

ST PETER PORT, Guernsey and NEW YORK, Oct. 27, 2021 (GLOBE NEWSWIRE) — Although the Global Telephony Provider Webtel.mobi (“WM”) is most widely known as the company that developed the world’s first Globally Valid Digital Currency (the “TUV”) and Global Clearing System, it remains at its core a Telephony Company.

Moreover, WM’s Artificial Intelligence Complex Adaptive System – the system enabling its Telephony Products to be used in a Dual-Use capacity to facilitate the Global Digital Currency and Global Clearing System – provides just as much additional capacity to its Telecommunications services.

As part of its Global Community Support activities, WM has developed two emergency services it will introduce in 2022. They are:

1. The “Personal Emergency” Service – an Personal Emergency Request for Assistance.
2. The “Global Emergency” Service – a Natural Disaster Early-Warning Service.

Top-level details of these services, how they function and can be accessed are as follow:

PERSONAL EMERGENCY SERVICE

Background
Every year, many people lose their lives or are injured, harmed, or go missing due to varying types of personal emergencies they find themselves in, and where they do not receive assistance in time. The types of personal emergency situations that can arise are legion, but some of the more well-known ones include:

• Women who are alone, or with children, in vulnerable or dangerous situations.
• Children who are in vulnerable situations or who are lost
• People on adventure or other trips who find themselves trapped, lost or injured
• People who are experiencing severe depression who are contemplating precipitous actions
• Many other situations of personal distress or emergency

In many of these cases, the situation could have been rectified if the persons involved had a means to immediately inform a wide range of family, friends, acquaintances or emergency services of their Personal Emergency situation, request assistance, and provide an indication of where they were. WM’s Personal Emergency System has been created to provide this possibility to people in distress, or, in a situation of Personal Emergency.

How this Facility functions
Members of WM and its Affiliates (“VSMPs”) access the “Personal Emergency” facility in their WM or VSMP accounts and select all the “Contacts” they want to inform or request assistance from when they experience a Personal Emergency. Once they have completed this setup, other than the “Personal Emergency” Facility link in their Accounts, another “Immediate Emergency” link will also appear. When encountering a Personal Emergency, WM or VSMP Members need only click on the “Personal Emergency” or “Immediate Emergency” links (see the difference in function in the next paragraphs). A Personal Emergency Request for Assistance text will then be immediately sent to all persons and/or entities they selected to receive it, together with a clickable link to an online site enabling tracking and positioning of the sender’s Mobile Phone

How it functions – When there is some time available
If a person is in a situation of Personal Emergency, but there is some time (minutes) before the onset of the Personal Emergency, they go to the Personal Emergency Facility in their WM or VSMP Accounts, type in whatever message is appropriate for their situation, and then click the “Send” button. The Personal Emergency Request for Assistance message they have written will then immediately be sent, simultaneously, to their entire list of selected recipients, together with the “track me here” link to enable online positioning and tracking of the sender’s Mobile Phone.

How it functions – When there is no time available
If a person is in a situation of dire Personal Emergency, and there is no time to write anything at all, the person simply clicks on the “Immediate Emergency” link on the menu of their WM or VSMP Account, and the Personal Emergency Request for Assistance – which Members will be prompted to pre-write and insert when they set up this part of their account – will then immediately be sent, simultaneously, to their entire list of selected recipients, together with the “track me here” link to enable online positioning and tracking of the sender’s Mobile Phone.

Cost to Access and Use
The cost to access and use this Facility is zero. This is a Global Community Service. As such, it is a Free Service. Joining WM or one of its Affiliates is also free. People do not have to use the other WM Facilities to be able to join for free and utilize the Global Emergency Service for free.

Status
This Facility is already built within the WM system. It will undergo final testing, and then be made globally available, in early 2022.

Objective
The objective is to save lives and prevent harm or injury coming to people in vulnerable situations whenever possible. The best way to do this in the case of Personal Emergencies is to enable people in distress to inform a wide range of other people who care, and who can assist, of their Personal Emergency and of their location – so relevant assistance can be provided as soon as possible.

GLOBAL EMERGENCY SERVICE

Background
Every year, many people unnecessarily lose their lives, or are injured, in natural disasters such as tsunamis, tornadoes, hurricanes and similar events because they did not receive – or did not hear – adequate warning of the impending event. To ameliorate this situation, WM has developed a service that sends texts messages to people anywhere in the world warning them of the impending disaster, and encouraging them to take shelter. This ensures the warning messages get directly to people in time to warn them – whether they are resident in an area or there on holiday or business. This service functions from a central point at WM, but is able to reach virtually every mobile phone in every country of the world. The service will be accessible to all Members of WM or any one of its Affiliates (“VSMPs”).

How it functions – For Residents of an Area in Danger
Members of WM and/or its Affiliates (“VSMPs”), will just need to go to the “Global Emergency Service” Facility page in their WM or Accounts, tick a box to confirm they want to receive early warning by text in the event of an impending natural disaster, and confirm the area in which they are resident. In the event of an impending natural disaster, the WM System will automatically send them a warning text if they are in the area of danger, warning them of the impending natural disaster event, and encouraging them to seek shelter.

How it functions – For Visitors to an Area in Danger
For persons not resident in an area of danger, but who are temporarily visiting it on vacation or on business, all they have to do is to go to the Global Emergency System Facility page in their WM or VSMP Accounts, tick a box to confirm they want to receive an early warning by text in the event of an impending natural disaster, insert the area they will be visiting and the amount of time they will be there for. In the event of an impending natural disaster in that area, the WM System will automatically send them the warning Text – regardless of what country their Mobile Phone is registered in or from.

Cost to Access and Use
The cost to access and use this Facility is zero. This is a Global Community Service. As such, it is a Free Service. Joining WM or one of its Affiliates is also free. People do not have to use the other WM Facilities to be able to join for free and utilize the Global Emergency Service for free.

Status
This Facility is already built within the WM system. During the first half of 2022, WM will seek to integrate its systems via API with relevant warning organizations such as the NOAA’s Tsunami Warning Systems and Storm Prediction System in the US, and with similar warning systems in other countries. It will also implement systems for warnings to be transmitted to WM by other means.

Objective
The objective is to save lives and prevent injury wherever possible. The best way to do this in the case of impending natural disasters is by providing a timely warning to people in danger. A warning system of this nature functioning on a Global Basis – with the capacity to simultaneously give warning to both residents and visitors, in and from all countries worldwide – has not yet existed or been able to be set up until now, but WM’s advanced systems now make it possible.

CONCLUSION

WM’s 21^st Century System has provided it with unique capacities in respect of its global commercial operations – especially its Global Digital Currency and Global Clearing System. However, with Global Capacities also come Global Responsibilities – if a company is to be a responsible member of a Global Community. These Personal Emergency and Global Emergency Systems form part of WM’s Global Social Responsibility activities, designed to be of benefit and assistance to the Global Community of people.

Resources:

Media Contact:
Nick Lambert: wm@thoburns.com

The TEL.mobi Group Global Alliance of Affiliates (“VSMPs”):
https://webtel.mobi/pc/info/tmg-global-alliance/

Comments on the WM System’s Telephony Capacities by Frost & Sullivan:
https://www.youtube.com/watch?v=PO3BjgBKR3E

Comments on the WM System’s Global Digital Currency and Clearing System by Professor Jan Kregel:
https://youtu.be/XYBrCikUhn8

Research Papers on WM’s Global Clearing System and TUV Digital Currency:

• Another Bretton Woods Reform Moment: Let us Look Seriously at the Clearing Union
  http://www.levyinstitute.org/pubs/ppb_154.pdf

• Keynes’s Clearing Union is Alive and Well and Living in your Mobile Phone
  http://www.levyinstitute.org/pubs/pn_21_1.pdf

• Money and Credit: Potential Expansion of the WM System
  https://webtel.mobi/media/info/money-and-credit-potential-expansion-of-the-wm-system-april-2021.pdf

• New Dimensions for the TUV in the Webtel.mobi System
  https://webtel.mobi/media/info/new-dimensions-for-the-tuv-in-the-webtelmobi-system.pdf

• The Economic Problem: From Barter to Commodity Money to Electronic Money
  https://www.levyinstitute.org/pubs/wp_982.pdf

Media Articles on WM:
https://webtel.mobi/info/current-media/

Characteristics of WM’s TUV Digital Currency:
https://webtel.mobi/info/tuv-characteristics

WM’s urls:
https://webtel.mobi/pc (Tablets / Laptops / Desktops)
https://webtel.mobi (Smart Phones)
https://webtel.mobi/wap (Pre-Smart Mobile Phones)

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/68feb8e6-7737-4107-a937-8b442bd3c818

https://www.globenewswire.com/NewsRoom/AttachmentNg/1903e5fa-98be-40e1-8926-3c8e227b4244

The photos are also available at Newscom, www.newscom.com, and via AP PhotoExpress.

Copyright © 2021 GlobeNewswire, Inc.

Acquisition adds another strong company-owned operation in key European market

TORONTO and MILAN, Italy, Oct. 27, 2021 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today it has entered into an agreement to acquire a controlling interest in Colliers International Italia S.p.A., Colliers Real Estate Services Italia S.R.L. and Colliers Real Estate Management Services Italia S.R.L. (collectively, “Colliers Italy”), which was previously an affiliate operation. The current shareholders of Colliers Italy, Ofer Arbib and Giulia Longo, will retain an equity interest in the business under Colliers’ unique partnership model. As a company-owned operation, Colliers Italy will continue to build on its market leadership position by increasing service capabilities and leveraging the vast resources of Colliers’ strong and highly innovative platform across Europe. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022. Details of the transaction were not disclosed.

Originally founded in 1996, Colliers Italy has grown to over 80 professionals providing landlord agency, tenant representation, investment sales brokerage, property management, valuation and project management services to investors, developers and occupiers of commercial real estate. Colliers Italy is expected to generate approximately €16 million of revenues for the year ending December 31, 2021.

“Milan and Rome are key European markets with a combined population of over 4.3 million and home to nearly all major Italian businesses and investors,” said Chris McLernon, CEO | EMEA for Colliers. “Colliers Italy has a market leading position and an experienced team of highly respected professionals with extensive knowledge of the Italian real estate landscape. This new partnership will allow Ofer and Giulia to continue their success and leverage the additional resources of the global business to better serve our clients domestically and internationally.”

“Given our long association with Colliers, this was a natural next step for our firm. Their enterprising approach and partnership philosophy will provide us with greater access to the broader Colliers platform to expand our capabilities and capitalize on the opportunities in our growing market,” said Giulia Longo, co-principal of Colliers Italy.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 26 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Company Contacts:

Christian Mayer
Chief Financial Officer
(416) 960-9500

Chris McLernon
CEO | EMEA
(44) 20 7487 7000

$1 million dollars, that is how much 5.000 gamers have been scammed for in trades for gaming outfits and assets and with 3.2 billion gamers worldwide this is just the tip of the iceberg. That is the problem GamerPay is trying to solve globally by offering a safe marketplace.

COPENHAGEN, Denmark, Oct. 27, 2021 (GLOBE NEWSWIRE) — “Games are for many becoming the replacement for social media. We spent more and more hours playing games with our friends online everyday. It has led to a boom in sales of digital outfits, known as skins. You have to consider it as buying clothes in the real world. If you want to stand out you might buy Balmain in the real world and a so-called Dragon Lore when you are on the server at home in the bedroom. Unfortunately online scamming is much easier than in the real world,” says Martin Lykke Suhr, co-founder of GamerPay.

GamerPay launched their marketplace in May, where it is possible to trade skins safely also if you are a minor under 18. The first game to serve is Counter-Strike, a leading esport title and more titles are coming. “We already see that we are making a difference for the gamers. Witnessing all the great feedback and positivity from the Counter-Strike community is really fuelling the team to build something extraordinary. Coupled with a strong fundraising effort, where we had to turn down investors as we oversubscribed so fast, is making us very excited for the future. With this team and our new investors on board we believe that within 5-7 years a yearly revenue mark of 100 million dollars is possible,“ Martin Lykke Suhr continues.

In acknowledgement of the size of the problem and the potential of the team, Gamerpay was accepted into Y Combinator (incl. an investment), a prominent American accelerator known for developing unicorns like Airbnb, Stripe, Coinbase, Twitch and more. As managing partner, Michael Seibel states “When I first heard how many players get scammed when trading gaming skins and assets I was concerned. That’s why I was so excited to invest in GamerPay and have them participate in the YC Summer 2021 batch.”

Following Y Combinator, GamerPay has closed their seed round of $2 million dollars from VCs including FoundersClub (US), PreSeed Ventures (DK), Skyfall (NO) and in addition a range of prominent angel investors like Aleksander Leonard Larsen; co-founder Axie Infinity, Heini Zachariassen; co-founder of Vivino and more.

On the commercial side, GamerPay entered a formal partnership with Ninjas In Pyjamas (NIP), a leading esport team, who like GamerPay has high ambitions to eradicate scamming from gaming so that adults and youngsters under 18 can safely buy and sell skins without the fear of monetary loss.

“The scam problem surrounding skin trading has existed in Counter-Strike for many years. It’s harmful to our communities, and adds a negative impact on how esports as a whole is perceived when new fans and followers try to get involved. Partnering up with GamerPay to further push the agenda of secure and trustworthy skin trading, is an absolute no-brainer for us. We have a shared ethos of doing good for esports as a whole, and they are forged from an incredibly passionate and strong community of people, who truly wish for positive change. It’s a perfect match, and something we’re very excited about doing together,” says Jonas Gundersen, COO at Ninjas in Pyjamas.

Contact Person:
Martin Lykke Suhr
Co-founder GamerPay
Phone: 004551942669
Email: martin@gamerpay.gg

Related Files

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Image 1: Founding team

This content was issued through the press release distribution service at Newswire.com.

Attachment

• Founding team

SSI Q3 2021 Performance Table

Schneider Electric’s third-quarter sustainability progress focuses on urgent climate action and meeting 2021 full year commitments

Rueil-Malmaison (France), October 27, 2021 ─ Schneider Electric, the leader in the digital transformation of energy management and automation, published today the detail of third-quarter progress on its 2021-2025 sustainability impact targets. Named as the world’s most sustainable corporation 2021 by the Corporate Knights Global 100 Index, Schneider Electric had announced the acceleration of its sustainability strategy in January 2021, aligned to ongoing commitments to climate, resources, trust, equal opportunities, generations, and local communities.

Schneider Electric continues to engage in positive climate action with the broader business ecosystem by expanding its global sustainability consulting business, and helping organizations make meaningful decarbonization progress. Most recently, Schneider extended its climate strategy partnerships with Velux, Alfa Laval and DuPont. In addition, the ambitious Zero Carbon Project proceeds to sustainably transform Schneider’s top 1,000 suppliers by halving their CO₂ emissions by 2025.

“We know that addressing climate change is the defining issue of our generation, and that businesses play a key role – but we also know that we must go faster if we are to avoid the worst impacts of warming this century,” said Olivier Blum, Chief Strategy and Sustainability Officer for Schneider Electric. “By combining our own experience in sustainability with our market-leading services in decarbonization and energy strategy and action, we can escalate the transition to a cleaner, greener future.”

This progress comes against the backdrop of the recent publication of the Sixth Assessment Report from the Intergovernmental Panel on Climate Change (IPCC) projecting 1.5°C of global warming above pre-industrial levels by 2028-35 ─ roughly a decade earlier than it had previously warned. This has intensified global attention in the run-up to the United Nations conferences on biodiversity (COP15) and climate (COP26) in Kunming (China) from October 12 to 15 and in Glasgow (United Kingdom) from October 31 to November 12, respectively.

The 2030 imperative: A race against time research report produced by the Schneider Electric Research Institute also reiterates the urgent need to reduce emissions by rapidly decarbonizing buildings, transport, and industry with smart, green electricity and next-generation automation. Schneider Electric’s proven digital technologies to help address climate change and biodiversity loss have been showcased on the World Economic Forum’s Net Zero Carbon Cities Toolbox and the Global Footprint Network’s 100 Days of Possibility online platforms. Example solutions and case studies include Schneider Electric’s 26,000 square meter smart office park Intencity in Grenoble (France), which is home to 5,000 employees, yet only consumes 37-kilowatt hours per square meter each year — nearly 10 times less energy than the average European building, thanks to rooftop solar panels, onsite wind turbines and technology to share and coordinate energy with a neighboring community microgrid.

Schneider has continued to deliver on its 2021-2025 Schneider Sustainability Impact (SSI) program including its long-term commitment to harness the power of all generations, by fostering learning, upskilling, and the development of each generation while paving the way for the next. Schneider has now trained over 300,000 young people in energy management, including recent engagement the Underprivileged Children’s Educational Programs in Bangladesh.
The SSI results rounded off the third-quarter with a total score of 3.65/10, still on track to reach the full-year target set at 3.75/10.

Detailed results and highlights of the SSI program are presented in the Q3 report, which includes the following overview:

Find out more on Schneider Sustainability Impact, results and highlights:

• Q3 2021 Schneider Sustainability Impact report
• Q3 2021 Financial and Extra-financial document

Schneider Electric’s Environmental, Social and Governance (ESG):

• Frequently Asked Questions (FAQ)
• Sustainability Disclosure Dashboard 2020

Latest Schneider Electric’s Sustainability awards and rankings:

• Schneider Electric reaches number 1 spot for sustainability in its sector by ESG rating agency Vigeo Eiris
• Schneider Electric ranked #1 in Gartner’s Europe Top 15 Supply Chains for 2021
• Schneider Electric awarded the prestigious “Best Financial Operation of the Year in Financing Category” from Le Club des Trente
• Schneider Electric retains top rankings at the Institutional Investor 2021 Awards
• Schneider Electric included on Fortune’s annual Change the World List
• Schneider Electric receives the 2021 Transparency Award in the Extra-financial transparency category

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

Follow us on:

Hashtags: #LifeIsOn #Sustainability #SRI #OurImpact

Attachments

• SSI Q3 2021 Performance Table
• Schneider Electric’s third-quarter sustainability progress focuses on urgent climate action and meeting 2021 full year commitments (.pdf)

NFT Chain แรกสำหรับ Polkadot และ Kusama มอบความยืดหยุ่นมากขึ้นสำหรับทุกคนที่ต้องการสร้างแกลเลอรีหรือวิดีโอเกมของตนเอง

ลอนดอน, Oct. 27, 2021 (GLOBE NEWSWIRE) — Unique Network NFT Chain แห่งอนาคตสำหรับ Polkadot และ Kusama ได้ประกาศในวันนี้ว่าบริษัทได้ระดมทุน 11.3 ล้านดอลลาร์ในการขายล่วงหน้ารอบที่สอง ทำให้ยอดรวมเพิ่มขึ้นเป็น 16 ล้านดอลลาร์ รอบการลงทุนนำโดย Outlier Ventures ผู้บุกเบิกการลงทุนของ Web3 ซึ่งมีนักลงทุน NFT ที่มีชื่อเสียงที่สุดเข้าร่วม รวมถึง The LAO, Flamingo, Nalu Capital และนักลงทุนอื่นๆ อีกกว่า 200 ราย รวมถึงการลงทุนร่วมกันจำนวนหนึ่งจากรอบที่แล้ว ด้วยคุณภาพและปริมาณของนักลงทุนที่มีส่วนร่วม ทำให้ Unique Network พร้อมสำหรับการเปิดตัว Quartz ที่กำลังจะมาถึง ซึ่งเป็น NFT Chain ของบริษัทสำหรับ Kusama

“Unique Network กำลังบุกเบิกเส้นทางใหม่สำหรับ NFT ภายในระบบนิเวศของ Polkadot และ Kusama และเรารู้สึกตื่นเต้นอย่างมากที่ได้สนับสนุนพวกเขาในความตั้งใจที่จะเพิ่มพื้นที่การออกแบบของ NFT” – Chris Cable, FlamingoDAO

“แม้ในปัจจุบันจะมีการพูดถึง NFT แต่การเริ่มต้นก็ยังมีอุปสรรคที่สำคัญ” Alexander Mitrovich ผู้ร่วมก่อตั้งและ CEO ของ Unique Network กล่าว “ค่าธรรมเนียมน้ำมัน ความจำเป็นในการซื้อคริปโตเคอเรนซี่ การจัดเก็บ และแม้กระทั่งความจริงที่ว่า NFT มีข้อจำกัดสำหรับศิลปินในการแสดงออกถึงจินตนาการของพวกเขา ทั้งหมดนี้เป็นตัวฉุดรั้งอุตสาหกรรม Unique Network และ Kusama Chain ของเราอย่าง Quartz ถูกสร้างขึ้นเพื่อแก้ปัญหาทางเศรษฐกิจและการจัดเก็บด้วย NFT ที่ใช้ Ethereum และสร้างการโต้ตอบและความยืดหยุ่นระดับใหม่ที่จะช่วยยกระดับ NFT”

Unique Network จะเข้าร่วมการประมูล Parachain สำหรับ Kusama ที่กำลังจะมาถึง เพื่อจองสล็อต Parachain สำหรับ Quartz ซึ่งเป็นเครือข่าย Canary ใหม่สำหรับ Kusama ผู้สนใจสามารถเข้าร่วม crowdloan ได้ตั้งแต่วันพุธที่ 27 ตุลาคม เพื่อช่วยให้ Quartz ชนะการประมูล

Quartz จะเป็นโครงสร้างพื้นฐาน NFT แรกบน Kusama และถูกออกแบบมาเพื่อช่วยให้สามารถใช้งานฟังก์ชัน NFT ที่ทรงพลังและล้ำหน้าที่สุดในเครือข่าย Kusama Quartz Parachain บน Kusama จะช่วยให้ทุกคนสามารถสร้างตลาด NFT และประสบการณ์ด้วยการทำงานร่วมกันระหว่างบล็อกเชนต่างๆ เช่น Ethereum และ Chain ที่อิงกับ EVM และบล็อกเชน NFT ที่อื่นๆ ซึ่งเป็นที่รู้จัก

ในระยะเวลาห้าเดือนนับตั้งแต่รอบแรกของการลงทุน Unique Network ได้ประกาศความร่วมมือต่างๆ กับDigitalArt4Climate Campaign ที่นำโดย UN ร่วมกับ GloCha, RMRK, Art Curators Grid, Forever Has Fallen และอีกมากมาย การเปิดตัว Quartz ที่กำลังจะเกิดขึ้น จะทำให้ Unique Network สามารถช่วยโครงการและศิลปินจำนวนมากขึ้นสามารถพัฒนาตลาดและประสบการณ์ NFT ของตน

ดูข้อมูลเพิ่มเติมได้ที่ Unique Network และเข้าร่วมกับเราได้ที่ Twitter และ Telegram

เกี่ยวกับ Unique Network

Unique Network เป็นเฟรมเวิร์กสำหรับ NFT แห่งอนาคต NFT Chain แรกสำหรับ Kusama และ Polkadot ช่วยให้นักพัฒนาไม่ต้องจ่ายค่าธรรมเนียมการทำธุรกรรมและการอัปเกรดทั่วทั้งเครือข่าย ทีมงาน Unique Network ได้สร้าง Substrapunks ซึ่งเป็น NFT แรกบน Polkadot ที่ชนะ Hackusama ในปี 2020 และสร้างพาเลทของ Substrate สำหรับ NFT Unique Network จะเปิดตัวในเดือนกรกฎาคม 2021

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Oculii’s Patented Adaptive AI Software Increases Resolution of Existing RF Radar Silicon Up To 100X

SANTA CLARA, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) — Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon company, today announced it has entered into a definitive agreement to acquire Ohio-based Oculii Corporation (“Oculii”). Oculii’s adaptive AI software algorithms are designed to enable radar perception using current production radar chips to achieve significantly higher (up to 100X) resolution, longer range and greater accuracy. These improvements eliminate the need for specialized high-resolution radar chips, which have significantly higher power consumption and cost than conventional radar solutions. Oculii’s software can be deployed on Ambarella’s existing CVflow® SoCs, operating in conjunction with leading radar RF solutions to increase safety and reliability.

The acquisition expands Ambarella’s addressable market into radar perception and fusion with its existing edge AI CV perception SoCs for automotive and other IoT endpoint applications, including mobile robotics and security. The fusion of Ambarella’s camera technology and Oculii’s radar software stack provides an all-weather, low-cost and scalable perception solution, enabling higher levels of autonomy for automotive tier 1s and OEMs globally.

“The Oculii team brings great synergies with Ambarella’s algorithm-first approach and our ongoing initiatives to intelligently fuse sensor data in edge AI systems,” said Fermi Wang, president and CEO of Ambarella. “We expect Oculii’s unique adaptive radar perception algorithms, combined with Ambarella’s vision and AI processing, to unlock greater levels of perception accuracy than previously attainable with discrete camera and radar solutions.”

“Joining Ambarella will enable Oculii to expand the development of our radar technology while leveraging our synergies as part of this leading vision and AI processor company,” said Steven Hong, CEO of Oculii. “We look forward to working with our customers and silicon partners to deliver complete AI perception solutions, based on the combined strengths of our innovative engineering teams and advanced radar and computer vision technologies.”

Oculii’s superior resolution and sensitivity can unlock the potential of everything from advanced driver-assistance systems (ADAS) and autonomous vehicles to robotics and security, by providing radar with a dynamic waveform that uses AI to learn from and adapt to the environment. The result is an extended operating range of up to 400 meters with a wide field of view.

To date, Oculii is engaged with 10 of the top 15 tier 1s on software licensing, and has commercial development contracts with leading OEM and AV companies. Oculii is generating pre-production revenue today, with production programs expected to commence in CY2023.

The boards of directors at both companies have approved the transaction, which is subject to customary closing conditions and expected to close during Ambarella’s Q4 FY2022 (ending January 31, 2022). Wilson Sonsini Goodrich & Rosati served as legal advisor to Ambarella, and Goodwin Procter served as legal advisor to Oculii. Greenhill & Co. served as financial advisor to Ambarella.

Conference Call and Video
Ambarella plans to hold a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, Steven Hong, CEO of Oculii, Les Kohn, Chief Technology Officer, Casey Eichler, Chief Financial Officer, and Louis Gerhardy, Corporate Development, to discuss the acquisition. The call can be accessed by dialing 877-304-8963 in the USA; international callers should dial 760-666-4834. Please dial in 10 minutes prior to the scheduled conference call time. A live and archived webcast of the call will be available on Ambarella’s website at http://investor.ambarella.com/events.cfm for up to 30 days after the call.

Additionally, a video about this acquisition can be viewed and downloaded here: https://vimeo.com/638915919

About Ambarella
Ambarella’s products are used in a wide variety of human and computer vision applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella’s low-power systems on chip (SoCs) offer high-resolution video compression, advanced image processing and powerful deep neural network processing to enable intelligent cameras to extract valuable data from high-resolution video streams. For more information, please visit www.ambarella.com

“Safe harbor” statement under the Private Securities Litigation Reform Act of 1995
This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the expected completion of the transactions contemplated by the Merger Agreement, the time frame in which they will occur, the potential benefits from fusion of Ambarella’s camera technology and Oculii’s radar software, and potential business synergies to be realized. Statements regarding future events are based on the parties’ current expectations and are necessarily subject to associated risks related to, among other things, regulatory approval of the acquisition of Oculii or that other conditions to the closing may not be satisfied, the potential impact on the business of Oculii due to the announcement of the acquisition, the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement, technological challenges related to combining Ambarella’s camera technology and Oculii’s radar software, and general economic conditions. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For information regarding other related risks, see the “Risk Factors” section of Ambarella’s Quarterly Report on Form 10-Q for the quarterly period ended July 31, 2021. The forward-looking statements included herein are made only as of the date hereof, and Ambarella undertakes no obligation to revise or update any forward-looking statements for any reason.

Ambarella Contacts

• Media contact: Eric Lawson, elawson@ambarella.com, (480) 276-9572
• Investor contact: Louis Gerhardy, lgerhardy@ambarella.com, (408) 636-2310
• Sales contact: www.ambarella.com/about/contact/inquiries

All brand names, product names, or trademarks belong to their respective holders. Ambarella reserves the right to alter product and service offerings, specifications, and pricing at any time without notice. ©2021 Ambarella. All rights reserved.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c282cda6-7b1e-4b4b-9d52-8a241a99ddb6