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Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking

Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking

(BUSINESS WIRE) -- Lazard Ltd (NYSE: LAZ) today announced the appointment of Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm’s Financial Advisory business in the Middle East and…

Read more

Ivanhoe Mines and SES to Continue Deploying Low-latency Satellite Connectivity in Africa

LUXEMBOURG - Monday, 23. January 2023

Extended partnership will see Kamoa-Kakula Copper Project in the DRC benefit from SES’s O3b high-throughput, low-latency medium earth orbit connectivity to support industry-leading operational technologies and staff welfare

(BUSINESS WIRE)--The Kamoa-Kak…

Read more

Chery Wins the Sixth Straight Championship of "Quality Olympics"

Indonesia's capital Jakarta recently hosted the 47th International Convention on Quality Control Circles (ICQCC).

Gold Award went to Lingpao QC Team and QCC Group of Intelligenced Connectivity, while Prime Gold Award went to Crucial Pioneer QC Team. Having been selected for the sixth time to the …

Read more

FarEye’s Eye on Last-mile Delivery Report Finds 84% of Retailers Lack Control of their Outsourced Delivery Networks

FarEye Previews Research Results from Retailers; Last-mile Priorities Focused on Reducing Cost to Deliver While Improving Consumer Experience

(BUSINESS WIRE)--The FarEye Eye on Last-mile Delivery Report, conducted with Researchscape International, explores retailers’ and logistics providers…

Read more

La Supercoupe d’Italie de nouveau en Arabie saoudite et opposera l’AC Milan et l’Inter Milan le 18 janvier

Riyad, Arabie saoudite - mardi, 17. janvier 2023

La capitale saoudienne, Riyad, accueillera à nouveau la Supercoupe d’Italie qui se jouera au stade international du Roi-Fahd le mercredi 18 janvier 2023, à partir de 22 heures, heure locale. Le match opposera l’AC Milan, champion d'Italie 2021-2022…

Read more

Saudi Arabia to host Italian Super Cup between Inter Milan and AC Milan tomorrow

RIYADH, Saudi Arabia - Tuesday, 17. January 2023

Riyadh, the capital of Saudi Arabia, will host tomorrow at 10:00pm (local time) The Italian Super Cup match between league champions AC Milan and cup winners Inter Milan, at Riyadh’s King Fahd Stadium, brought by Ministry of Sport as part of the sp…

Read more

Bartek Hosts Canadian Government Dignitaries at Facility Groundbreaking

The project will be the largest malic and fumaric acid facility once complete

(BUSINESS WIRE) -- Bartek Ingredients advances its plans to strengthen its position as the world’s largest producer of malic and food-grade fumaric acid with the groundbreaking of its state-of-the-art, $175 million mali…

Read more

Nestlé Purina Petcare Takes Category Management Strategy Into the Metaverse With Blue Yonder and 3DVR Solutions

Leading U.S. pet care company drove innovation with Blue Yonder’s category management capabilities and 3DVRS’s 3D visualization

(BUSINESS WIRE) -- To improve customer experience and satisfaction, retailers are looking to offer a personalized assortment and easy to navigate display of prod…

Read more

Mythical Games Announces Launch of New Marketplace and Acquisition of DMarket

Making Mythical the Second-largest Blockchain Processor of Digital Assets behind Ethereum

(BUSINESS WIRE) -- Mythical Games, the next-generation gaming technology studio, has launched Mythical Marketplace 2.0 following the acquisition of marketplace tech start-up DMarket, as part of its continued…

Read more

Watts Water Technologies Announces Fourth Quarter 2022 Earnings Release and Conference Call

(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE: WTS), will hold a live webcast of its conference call to discuss Fourth Quarter 2022 results on Thursday, February 9, 2023, at 9:00 a.m. Eastern Standard Time. Watts Water Technologies, Inc. will announce its financial results for this period in…

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Blog Posts

Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking

Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking

(BUSINESS WIRE) -- Lazard Ltd (NYSE: LAZ) today announced the appointment of Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm’s Financial Advisory business in the Middle East and…

Read more

Ivanhoe Mines and SES to Continue Deploying Low-latency Satellite Connectivity in Africa

LUXEMBOURG - Monday, 23. January 2023

Extended partnership will see Kamoa-Kakula Copper Project in the DRC benefit from SES’s O3b high-throughput, low-latency medium earth orbit connectivity to support industry-leading operational technologies and staff welfare

(BUSINESS WIRE)--The Kamoa-Kak…

Read more

Chery Wins the Sixth Straight Championship of "Quality Olympics"

Indonesia's capital Jakarta recently hosted the 47th International Convention on Quality Control Circles (ICQCC).

Gold Award went to Lingpao QC Team and QCC Group of Intelligenced Connectivity, while Prime Gold Award went to Crucial Pioneer QC Team. Having been selected for the sixth time to the …

Read more

FarEye’s Eye on Last-mile Delivery Report Finds 84% of Retailers Lack Control of their Outsourced Delivery Networks

FarEye Previews Research Results from Retailers; Last-mile Priorities Focused on Reducing Cost to Deliver While Improving Consumer Experience

(BUSINESS WIRE)--The FarEye Eye on Last-mile Delivery Report, conducted with Researchscape International, explores retailers’ and logistics providers…

Read more

La Supercoupe d’Italie de nouveau en Arabie saoudite et opposera l’AC Milan et l’Inter Milan le 18 janvier

Riyad, Arabie saoudite - mardi, 17. janvier 2023

La capitale saoudienne, Riyad, accueillera à nouveau la Supercoupe d’Italie qui se jouera au stade international du Roi-Fahd le mercredi 18 janvier 2023, à partir de 22 heures, heure locale. Le match opposera l’AC Milan, champion d'Italie 2021-2022…

Read more

Saudi Arabia to host Italian Super Cup between Inter Milan and AC Milan tomorrow

RIYADH, Saudi Arabia - Tuesday, 17. January 2023

Riyadh, the capital of Saudi Arabia, will host tomorrow at 10:00pm (local time) The Italian Super Cup match between league champions AC Milan and cup winners Inter Milan, at Riyadh’s King Fahd Stadium, brought by Ministry of Sport as part of the sp…

Read more

Bartek Hosts Canadian Government Dignitaries at Facility Groundbreaking

The project will be the largest malic and fumaric acid facility once complete

(BUSINESS WIRE) -- Bartek Ingredients advances its plans to strengthen its position as the world’s largest producer of malic and food-grade fumaric acid with the groundbreaking of its state-of-the-art, $175 million mali…

Read more

Nestlé Purina Petcare Takes Category Management Strategy Into the Metaverse With Blue Yonder and 3DVR Solutions

Leading U.S. pet care company drove innovation with Blue Yonder’s category management capabilities and 3DVRS’s 3D visualization

(BUSINESS WIRE) -- To improve customer experience and satisfaction, retailers are looking to offer a personalized assortment and easy to navigate display of prod…

Read more

Mythical Games Announces Launch of New Marketplace and Acquisition of DMarket

Making Mythical the Second-largest Blockchain Processor of Digital Assets behind Ethereum

(BUSINESS WIRE) -- Mythical Games, the next-generation gaming technology studio, has launched Mythical Marketplace 2.0 following the acquisition of marketplace tech start-up DMarket, as part of its continued…

Read more

Watts Water Technologies Announces Fourth Quarter 2022 Earnings Release and Conference Call

(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE: WTS), will hold a live webcast of its conference call to discuss Fourth Quarter 2022 results on Thursday, February 9, 2023, at 9:00 a.m. Eastern Standard Time. Watts Water Technologies, Inc. will announce its financial results for this period in…

Read more

View older posts »

Blog Component

Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking

Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking

(BUSINESS WIRE) -- Lazard Ltd (NYSE: LAZ) today announced the appointment of Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm’s Financial Advisory business in the Middle East and North Africa (MENA), and CEO of Lazard Saudi Arabia, subject to regulatory approval. Wassim Al-Khatib will be based in the Riyadh office, which will serve as Lazard’s regional MENA Investment Banking hub.

"We are pleased to have Wassim join us as CEO of our MENA Investment Banking business," said Peter Orszag, Chief Executive Officer of Financial Advisory at Lazard. "With his extensive experience and proven track record, Wassim will work alongside MENA Chair Sarah Al-Suhaimi in leading our Riyadh office to continued success and in expanding Lazard’s engagement with clients in the region.”

“Wassim has played decisive roles advising on many important transactions in MENA. He is a talented and well-regarded professional and his appointment means that we now have ample capacity to service our clients in the region,” said Sarah Al-Suhaimi, Chair of Lazard’s Financial Advisory business in MENA.

“I am happy to join Lazard and to lead the Investment Banking and Financial Advisory business in the Middle East and North Africa. Building on the firm’s exceptional depth of expertise across industry sectors and geographies globally, as well as its strong commitment to the MENA region, we are ideally positioned to provide the best possible support to our local clients and to international companies looking to expand in the Middle East and North Africa,” said Wassim Al- Khatib.

Wassim Al-Khatib was previously Chief Executive Officer and a board member of Citigroup Saudi Arabia. He earlier served as Managing Director and Head of Investment Banking at NCB Capital where he participated in and led major market transactions in the Saudi and international markets. Wassim Al-Khatib has also been the Vice Chairman of the Arranging and Advising Committee of Saudi Arabia’s Capital Markets Authority since 2021.

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 41 cities across 26 countries in North, Central and South America, Europe, Asia and Australia. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com. Follow Lazard at @Lazard

LAZ_FAPE

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230122005027/en/

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Contacts

Media:
Flore Larger, +33 1 44 13 01 30
flore.larger@lazard.com

Judi Frost Mackey, +1 212 632 1428
judi.mackey@lazard.com

Hayan Shadaydeh, +971 50 4882460
MSL Group ME
hayan.AlShadaydeh@mslgroup.com

Investor:
Alexandra Deignan, +1 212 632 6886
alexandra.deignan@lazard.com

 

 

Ivanhoe Mines and SES to Continue Deploying Low-latency Satellite Connectivity in Africa

LUXEMBOURG - Monday, 23. January 2023

Extended partnership will see Kamoa-Kakula Copper Project in the DRC benefit from SES’s O3b high-throughput, low-latency medium earth orbit connectivity to support industry-leading operational technologies and staff welfare

(BUSINESS WIRE)--The Kamoa-Kakula Copper Project in The Democratic Republic of Congo will continue to enjoy high-speed satellite-based connectivity services as part of a new agreement between Ivanhoe Mines and SES, the two companies announced today. The enhanced partnership builds on a successful five-year relationship between SES and Ivanhoe Mines and comes at a time of significant investment in low-latency, high-capacity solutions in the region following the boom in the African mining industry.

The O3b constellation is powering connectivity for leading mining operators, driving a digitalisation revolution for the sector that is helping to increase profitability while improving worker safety and accountability. This model enables operators to cost-effectively scale connectivity as needed throughout the lifecycle of a mine, ensuring assets have the right amount of bandwidth at any given time to meet digitalisation requirements.

Caroline Kamaitha, Vice President, Sales Africa at SES, said: “We’re proud to continue delivering reliable high-speed connectivity to DRC’s mining industry through our O3b high-throughput and low-latency connectivity services, enabling mining companies to implement new services and applications that will improve workers’ safety, digitalise operations and maximise profitability through increased agility and automation.”

Anil Udayabhanu, Head of Technology at Kamoa Copper, said: “Our long-standing partnership with SES has already helped us to improve the profitability of our extraction, and supported our goal of improving the safety and welfare of all of our staff. In addition to that, O3b connectivity services will also help us leverage the latest applications, communicate in real time and maximise our productivity.”

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About SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries about 8,000 channels and has an unparalleled reach of 366 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

About Ivanhoe

The Kamoa-Kakula Copper Mine — a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%) — is a very large, near-surface, flat-lying, stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometres west of the town of Kolwezi and about 270 kilometres west of the provincial capital of Lubumbashi.

Kamoa-Kakula began producing copper concentrates in May 2021 and began commercial production on July 1, 2021. Phased expansion is projected to make Kamoa-Kakula the second largest copper complex globally. Kamoa-Kakula is powered by clean, renewable hydro-generated electricity and is projected to be among the world’s lowest greenhouse gas emitters per unit of metal produced, as confirmed by a 2020 independent audit performed by Hatch Ltd., of Mississauga, Canada. The Kakula Mine will have one of the most favourable environmental footprints of any tier-one copper mine worldwide. Along with a relatively small surface footprint, approximately 55% of the mine’s tailings will be pumped back into underground workings. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230122005025/en/

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Contacts

For further information:

Suzanne Ong
External Communications
Tel. +352 710 725 500
suzanne.ong@ses.com

 

Chery Wins the Sixth Straight Championship of "Quality Olympics"

Indonesia's capital Jakarta recently hosted the 47th International Convention on Quality Control Circles (ICQCC).

Gold Award went to Lingpao QC Team and QCC Group of Intelligenced Connectivity, while Prime Gold Award went to Crucial Pioneer QC Team. Having been selected for the sixth time to the global quality management honor list, the company achieved a milestone breakthrough.

"Build Back Better through Quality Efforts" was the theme of this Convention, which brought together about 800 QC teams from 13 countries and regions to publish and exchange development results online and offline. Chery Group participated in the competition with 3 teams.

Quality Olympics have been held 47 times since 1976, when the first ICQCC was held.

In response to COVID-19 pandemic prevention and control, all participating states joined the "Cloud Meeting." More than 189 Chinese teams attended, including quality control teams from CASC, State Grid, Chery Automobile, Xiaomi Corporation, Gree, and others.

Numerous awards have been won by Lingpao's Quality Management Center and Product Development Management Center for addressing vehicle quality problems. It was only through quality and technical innovation that the team members were able to solve these problems after comparing solutions many times.

Chery Automobile's QCC Group embodies advanced technology. Research and application of networking products by this group have won two national awards and two provincial awards, thereby improving the quality of electrical appliances in vehicles. The goal of the Group of Intelligenced Connectivity this time is to enhance the tire pressure activation success rate throughout the vehicle. As a result of field investigation and research, tire pressure activation on the final assembly line 32 has been significantly increased, which has improved quality control. Lastly, two schemes were developed and promoted - Vehicle Tire Pressure Activation and Electrical Inspection Integration.

Crucial Pioneer QC Team won the first prize of the National Machinery Industry Excellent Quality Management Group in 2021 for quality breakthroughs in new vehicle product development. During this Convention, this team reduced the unqualified rate of the whole vehicle exposed to rain from 42% to 0.4% by improving tooling structure, process parameters, and architecture optimization. They systematically summarized the problems encountered when new models were exposed to rain during development, accumulating valuable experience for further development. A tooling patent was also applied for, and a paper was published.

With the purpose of linking the brand image with quality assurance, Chery Automobile has undertaken mass quality management activities for many years. It encouraged all employees to attach importance to quality and its improvement and sums up these learnings through practice. By continually improving and boosting high-quality development, the company's staff adhere to the vision of "Ingenious Quality and Excellent Creation."

For Chery Automobile, winning the ICQCC championship for the 6th consecutive year is not only a source of encouragement, but also an indication that Chery is a highly regarded independent brand on the international market.


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https://www.aetoswire.com/en/news/0270120230001eng
Contacts
Joy Hoyek, 0097144255365

FarEye’s Eye on Last-mile Delivery Report Finds 84% of Retailers Lack Control of their Outsourced Delivery Networks

FarEye Previews Research Results from Retailers; Last-mile Priorities Focused on Reducing Cost to Deliver While Improving Consumer Experience

(BUSINESS WIRE)--The FarEye Eye on Last-mile Delivery Report, conducted with Researchscape International, explores retailers’ and logistics providers’ last-mile delivery priorities and opportunities over the next five years.

Since 2020, last-mile delivery has gone through a transformation, yielding a complex, expensive, inefficient, and unsustainable process. To reduce growing last-mile delivery costs, FarEye’s research revealed that 57% of retailers have outsourced their delivery networks over the past five years, yet 84% of retailers claim their organization needs more control over their outsourced delivery networks.

In a climate where revenue growth, efficiency and sustainability are key priorities for every company, last-mile delivery strategies must adapt to balance reducing delivery costs and improving consumer experiences.

Retailers Favor Outsourced Delivery Networks Which Lack Control

Outsourced delivery networks yield lower cost, faster delivery, and increased capacity but sacrifice control over order tracking and a branded consumer experience. The trend for retailers to outsource their delivery networks contrasts with the fact that only 27% of retailers are using one last-mile delivery platform yet 72% believe it is extremely or very beneficial to merge all technology solutions into one platform, offering a single view, more agility, control and lower cost.

“For retailers that do not have the scale for their own fleet of drivers, outsourcing their delivery networks is the most cost-effective way to deliver with flexibility, however, the tradeoff is less control,” said Stephane Gagne, vice president, product, FarEye. “Rather than outsource their entire last-mile logistics network, retailers should consider having their own last-mile platform that would provide them the flexibility to experiment with different hybrid multi-carrier approaches, outsourcing in some markets, and insourcing in others. This would offer the level of control and visibility they are after, while retaining a superior consumer experience.”

Retailers’ Top Priorities are Balancing Cost of Delivery and Consumer Satisfaction

Last-mile delivery is expensive, accounting for 53% of overall shipping costs. Fifty-five percent of retailers surveyed are focused on reducing cost of delivery over the next five years, in addition to increasing customer satisfaction (53%) as their top two priorities.

The top factors contributing to the high cost of last-mile delivery include: fuel (59%), address location (39%), labor (36%) and first delivery failure (34%). The speed to deliver is a contributing factor as only 44% of retailers reported that all or almost all of their deliveries are made on-time today, however, retailers have a goal of increasing that rate to nearly 70% in 2027. In addition, 35% of retailers reported offering same- or next-day delivery now, and 64% aim to offer it by 2027.

“Instead of speed, retailers should consider improving the reliability of orders through AI and machine learning technology that will help them route orders accurately and efficiently, and ensure carrier allocation and capacity levels match demand,” noted Gagne.

Last-mile Delivery Growth Priorities

In terms of last-mile delivery outlook, 66% of retailers expect their budgets for last-mile delivery technology to grow over the next five years, and 78% of retailers claim they will likely change or buy a new last-mile delivery solution in the next 1-2 years. Forty-eight percent of retailers expect to buy a last-mile delivery platform in the next five years, vs. building their own in-house (32%).

By 2027, retailers also plan to expand their carrier fleets to be more sustainable. Sixty percent of EMEA and APAC respondents and 40% of U.S. respondents planned to use electric vehicles in their fleets in the next five years. Autonomous vehicles are a priority for 43% of APAC respondents, 25% for U.S. and 20% for EMEA respondents, and drones were a priority for 34% of APAC respondents, 29% of EMEA respondents and 22% of U.S. respondents, over the next five years.

Research Methodology

The FarEye Eye on Last-mile Delivery research will be released in two parts, in January and February 2023. FarEye analyzed responses from 300 leaders across retail and logistics with responsibility for logistics and retail operations in the U.S. (32%), EMEA (36%) and APAC (32%) regions.

About FarEye

FarEye’s Delivery Management platform turns deliveries into a competitive advantage. Retail, e-commerce and third-party logistics companies use FarEye’s unique combination of orchestration, real-time visibility, and branded customer experiences to simplify complex last-mile delivery logistics. The FarEye platform allows businesses to increase consumer loyalty and satisfaction, reduce costs and improve operational efficiencies. FarEye has 150+ customers across 30 countries and five offices globally. FarEye, First Choice for Last Mile.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230126005266/en/


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Contacts
Jolene Peixoto, VP, marketing strategy & communications, jolene.peixoto@fareye.com

La Supercoupe d’Italie de nouveau en Arabie saoudite et opposera l’AC Milan et l’Inter Milan le 18 janvier

Riyad, Arabie saoudite - mardi, 17. janvier 2023

La capitale saoudienne, Riyad, accueillera à nouveau la Supercoupe d’Italie qui se jouera au stade international du Roi-Fahd le mercredi 18 janvier 2023, à partir de 22 heures, heure locale. Le match opposera l’AC Milan, champion d'Italie 2021-2022 affronte l'Inter Milan, vainqueur de la Coupe d'Italie dans le cadre des événements sportifs organisés par le ministère des Sports lors de la 2ème saison de Diriyah.

L’évènement sportif attendu par tous les fans de football en Arabis saoudite et partout au monde promet donc d’être une confrontation passionnante entre deux géants ; l'AC Milan, champion d'Italie et l'Inter Milan, vainqueur de la Coupe d'Italie. Les 2 clubs s’affronteront dans ce qui sera un « derby » épique et époustouflant.   

L'Arabie saoudite a déjà accueilli la Supercoupe d'Italie en 2018 et 2019, où la première édition s'était déroulée à Djeddah entre la Juventus et Milan, au stade de la cité sportive du roi Abdallah, tandis que la deuxième édition s'est déroulée au stade de l’université King Saud de Riyad, entre la Juventus et la Lazio Rome.

L'accueil de cet événement majeur par l'Arabie saoudite s'inscrit dans le cadre des tournois et événements sportifs internationaux qui se déroulent au cours de la saison Diriyah 2022. Ceux-ci sont organisés par le ministère des Sports dans le but d'atteindre les objectifs de la Vision 2030 de l'Arabie saoudite. Et dans le cadre de l'une des initiatives du programme "Qualité de Vie", les événements sportifs internationaux les plus spectaculaires et les plus importants ont été accueillis pour assurer une expérience inoubliable aux visiteurs de la saison de Diriyah et leur permettre de bénéficier d'activités incroyables.

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

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https://www.aetoswire.com/fr/news/2300071701202300006fre

Contacts

Dany Abadie – Directeur général

dany.abadie@squidnomad.com

 

Saudi Arabia to host Italian Super Cup between Inter Milan and AC Milan tomorrow

RIYADH, Saudi Arabia - Tuesday, 17. January 2023

Riyadh, the capital of Saudi Arabia, will host tomorrow at 10:00pm (local time) The Italian Super Cup match between league champions AC Milan and cup winners Inter Milan, at Riyadh’s King Fahd Stadium, brought by Ministry of Sport as part of the sporting events in Diriyah’s 2nd Season.

The long-awaited tournament for football fans in Saudi Arabia and the world will enjoy a thrilling match between two Milan’s giants, Inter, the current Coppa Italia holders and AC Milan, for the Italian Super Cup. Both clubs will go head-to-head in an epic derby showdown.

Previously, Saudi Arabia hosted the Italian Super Cup in 2018 and 2019, where the first edition was held in Jeddah between Juventus and Milan, at King Abdullah Sports City Stadium, while the second edition was held at King Saud University Stadium in Riyadh, between Juventus and Lazio.

The Kingdom’s hosting of this major event comes as part of international sporting tournaments and events taking place in the 2022 Diriyah Season which are brought by Ministry of Sport, with aim to achieve the goals of the Kingdom’s Vision 2030, and as one of the “Quality of Life” Program’s initiatives, by hosting the most spectacular and largest international sporting events, to ensure a great experience for the visitors of Diriyah Season through amazing activities.

Permalink
https://www.aetoswire.com/en/news/00071701202300006en

Contacts

Dany Abadie – Managing Director

dany.abadie@squidnomad.com

 

Bartek Hosts Canadian Government Dignitaries at Facility Groundbreaking

The project will be the largest malic and fumaric acid facility once complete

(BUSINESS WIRE) -- Bartek Ingredients advances its plans to strengthen its position as the world’s largest producer of malic and food-grade fumaric acid with the groundbreaking of its state-of-the-art, $175 million malic and fumaric acid production facility.

The company held a groundbreaking ceremony on Jan. 12 with Canadian government officials and local community leaders to celebrate the official commencement of the construction project.

“We are thrilled to be breaking ground on our new facility which will set a new global benchmark for safety, efficiency, and environmental performance,” Bartek President and CEO John Burrows said. “We are pleased to be investing in the community of Stoney Creek and proud to play an integral part in supporting local industries and the local economy. We are thankful for our partnerships with the provincial and federal government and Environment Hamilton and their support and guidance throughout the process.”

Among those in attendance at the groundbreaking were Neil Lumsden, Minister of Tourism, Culture and Sport and Member of Provincial Parliament for Hamilton East, Victor Fedeli, Minister of Economic Development and Trade, Lisa Thompson, Minister of Agriculture, Food and Rural Affairs, and Chad Collins, Member of Federal Parliament for Hamilton East-Stoney Creek.

“Congratulations to everyone at Bartek Ingredients on this exciting milestone,” Minister Fedeli said. “Bartek’s $175 million investment will ensure that the company can continue to expand and create more good-paying jobs in Hamilton and the surrounding region. Together, we’re building a stronger Ontario with opportunities for all people.”

The facility will double Bartek’s production capacity and propel new product development and other innovation efforts. It is also being built with sustainability in mind and is expected to be the most environmentally sustainable facility in the industry – projected to reduce per unit greenhouse gas emissions by more than 80 percent.

“Ontario has a clean energy advantage and is a sustainable and predictable place to do business,” Minister Piccini said. “As a result, we’re attracting the jobs of tomorrow. My Ministry was proud to work closely with Bartek through the permitting and approvals process to help secure this significant investment to Ontario.”

Minister Thompson added: “Bartek’s new state-of-the-art facility will be a shining example of Ontario’s robust agri-food manufacturing and processing sector. This major investment will create good-paying jobs in the local community and further strengthen Ontario’s value-added food supply chain.”

Through this project, Bartek will inject $100 million into the local Stoney Creek economy. The facility is expected to be fully operational at the beginning of 2024.

“Hamilton’s Bartek facility will soon become one of the world’s largest malic and food-grade acid production plants,” Minister Lumsden said. “Our government is excited to see local manufacturers, such as Bartek, invest in Ontario to grow and create more good-paying jobs right here in Hamilton!”

For more information, please visit bartek.ca or contact Bartek at info@bartek.ca.

About Bartek Ingredients

For over 50 years, Bartek Ingredients Inc. has been a leading global manufacturer of malic acid, fumaric acid, and maleic anhydride. Headquartered in Stoney Creek, Ontario, Canada, Bartek employs 120 people across its two production facilities in Southern Ontario. Bartek’s facilities are registered to the ISO 9001:2015 Standard. Bartek also holds the BRC Global Standard for Food Safety certification, and it distributes to more than 40 countries around the world. With new ownership in 2019 and significant investments, Bartek’s presence in the food and beverage space continues to be bolstered by highly innovative products and services that utilize deep product expertise and application knowledge to offer solutions to industry needs. For more information about Bartek, visit bartek.ca/.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230125005653/en/


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https://www.aetoswire.com/en/news/2601202330054
Contacts
Erin Robbins
MarketPlace
erin.robbins@marketplacebranding.com
+1-314-366-3562

Nestlé Purina Petcare Takes Category Management Strategy Into the Metaverse With Blue Yonder and 3DVR Solutions

Leading U.S. pet care company drove innovation with Blue Yonder’s category management capabilities and 3DVRS’s 3D visualization

(BUSINESS WIRE) -- To improve customer experience and satisfaction, retailers are looking to offer a personalized assortment and easy to navigate display of products in their stores. That’s why Nestlé Purina Petcare, the leading manufacturer of pet care products, has successfully implemented Blue Yonder’s category management solution integrated with 3DVR Solutions’ (3DVRS) 3D virtual reality technology to assist its retail partners with better merchandizing of their store shelfs.

Purina is the No. 1 pet care company in the U.S. It offers more than 20 brands in the U.S., feeding 65 million dogs and 51 million cats annually. Purina provides its retail partners with planograms that design shelfs aimed at merchandizing products to meet customer needs. However, with travel restricted during the COVID-19 lockdowns, it needed an alternate way for its associates to work with its retail partners remotely to replicate critical tasks that would otherwise be performed in front of a physical planogram or in store.

Enter 3DVRS’ innovative Retail Visualisation Suite (RVS) Virtual Reality (VR) Headset solution, which combines planogram data from Blue Yonder with a cutting-edge virtual reality headset provider to deliver a fully interactive, networked avatar-based merchandising solution. This integrated solution brings people from all over the globe into a common unique headset experience in the metaverse where they can plan, present and interact. The integrated solution is now also available to other companies who are looking to solve similar challenges.

Thanks to this integrated solution, Purina has achieved some key benefits:

Removed the need to be in a physical store to make shelfing decisions by bringing people together in the metaverse, which has in turn reduced environmental impact from less travel and decreased training costs.

Reduced time to merchandise a shelf via an interactive planogram before moving real product.

Incorporated true-to-life factors into shelf planning.

Partner with retailers to enhance the customer journey in store and share global best practices.

“3DVRS’ integration with Blue Yonder delivers flexibility, speed and scale, giving us the ability to effectively deploy across the business. The evolution from virtual reality on the desktop to network avatars in the RVS VR Headset solution has been seamless. We can now hold meetings virtually in the metaverse, interact with layouts, products, and store innovations, allowing us to be right at the cutting edge,” said Gene Feldman, training manager, Purina.

Together, Blue Yonder's category management and 3DVRS’ RVS VR Headset solutions have enabled Purina’s retail partners to make faster, more accurate and localized space allocation decisions to help their customers find the products they need more easily while guaranteeing a better shopping and service experience.

“Purina is a fantastic partner to innovate with as they are always looking to the latest technology to give their business the edge. The challenges they presented pushed technological boundaries. Our integration with Blue Yonder gives us the platform to support large enterprises such as Purina. It’s great to bring new tech to the market that makes a real difference. It’s amazing what we have achieved together already, but I sense there's a lot more to come,” said Nigel Hemer, CEO and founder, 3DVR Solutions.

“Working with 3DVRS has allowed us to bring Blue Yonder’s planograms to life in the metaverse where users can merchandise, analyze, interact, and meet as avatars to design shelfs that meet customers’ needs. This is cutting-edge technology at its finest and Purina was one of the first companies to benefit from it. By creating a culture of innovation and thought leadership throughout the organization, Purina is building a great place to work for both their associates and retail partners,” said Phillip Teschemacher, corporate vice president, Manufacturing - EMEA, Blue Yonder.

Additional Resources:

Learn more about Blue Yonder's category management solution

Learn how to achieve smarter Category Management with Blue Yonder

About Nestlé Purina PetCare

Nestlé Purina PetCare creates richer lives for pets and the people who love them. Founded in 1894, Purina has helped dogs and cats live longer, healthier lives by offering scientifically based nutritional innovations.

Purina manufactures some of the world's most trusted and popular pet care products, including Purina Cat Chow, Purina ONE, Pro Plan, Fancy Feast and Tidy Cats. Our more than 8,700 U.S. associates take pride in our trusted pet food, treat and litter brands that feed 51 million dogs and 65 million cats every year. More than 500 Purina scientists, veterinarians, and pet care experts ensure our commitment to unsurpassed quality and nutrition. Purina promotes responsible pet care through our scientific research, our products and our support for pet-related organizations.

Over the past five years, Purina has contributed more than $150 million towards organizations that bring, and keep, people and pets together, as well as those that help our communities and environment thrive. Purina is part of Nestlé, a global leader in Nutrition, Health and Wellness. For more information, visit purina.com or subscribe here to get the latest Purina news.

About 3DVR Solutions

As a global Blue Yonder technology partner for 10 years, 3DVRS leverages Blue Yonder planogram and store CAD data to create highly visual 3D environments, enabling retailers & suppliers to plan, design and respond to rapidly changing market conditions. The unique design of 3DVR’s virtual reality solutions deliver automation, speed and scale without inherent dependencies and costs. 3DVR support Blue Yonder customers around the globe, including those on Microsoft Azure. www.3dvrs.com

About Blue Yonder

Blue Yonder is the world leader in digital supply chain transformations and omni-channel commerce fulfillment. Our end-to-end, cognitive business platform enables retailers, manufacturers and logistics providers to best fulfill customer demand from planning through delivery. With Blue Yonder, you'll unify your data, supply chain and retail commerce operations to unlock new business opportunities and drive automation, control and orchestration to enable more profitable, sustainable business decisions. Blue Yonder - Fulfill your Potential™ blueyonder.com

“Blue Yonder” is a trademark or registered trademark of Blue Yonder Group, Inc. Any trade, product or service name referenced in this document using the name “Blue Yonder” is a trademark and/or property of Blue Yonder Group, Inc. All other company and product names may be trademarks, registered trademarks or service marks of the companies with which they are associated.

 

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Contacts
Blue Yonder Public Relations Contacts:
Marina Renneke, APR, Corporate Communications Director
Tel: +1 480-308-3037, marina.renneke@blueyonder.com

Mythical Games Announces Launch of New Marketplace and Acquisition of DMarket

Making Mythical the Second-largest Blockchain Processor of Digital Assets behind Ethereum

(BUSINESS WIRE) -- Mythical Games, the next-generation gaming technology studio, has launched Mythical Marketplace 2.0 following the acquisition of marketplace tech start-up DMarket, as part of its continued commitment to innovation in gaming. The new marketplace is built on Mythical’s new layer 1 EVM blockchain and powered by the Mythos native ecosystem token, MYTH. The acquisition is a significant milestone for Mythical Games, with DMarket’s tech facilitating the most advanced trading platform for digital assets. It makes Mythical the world’s second-largest processor of digital assets on a distributed ledger after the Ethereum mainnet, as of December.

Mythical’s Marketplace 2.0 has fully integrated DMarket’s technology to feature principles of its blended payment gateway, featuring a powerful AML and anti-fraud protection system built on more than a decade of industry experience. Combined with Mythical’s expertise in gaming and digital assets, Marketplace 2.0 provides a frictionless user experience that enables peer-to-peer transactions and empowerment for gamers looking to participate in the play-and-own gaming economies of the future. The Mythical Chain has been live for six weeks, processing over 2 million transactions.

“We founded Mythical Games in 2018 with the idea of ushering in both the next generation of gaming and the next generation of gamers. Half a decade later, we’re continuing to do just that. Mythical’s Marketplace 2.0 was designed to not only enhance our platform but, more importantly, improve the player experience and set the standard for the future of gaming,” said John Linden, co-founder and CEO, Mythical Games. “All too often, developers tout features as ‘seamless’ and ‘integrated’ when discussing gaming or metaverse projects. In reality, these solutions are still very complicated and not made for gamers. But with these monumental steps forward, Mythical will provide users with an experience that delivers on both.”

Marketplace 2.0 will support NFL Rivals and Nitro Nation World Tour assets, with plans to expand to all Mythical titles on the Mythical Chain. Assets on the Mythical Chain will be entirely governed by smart contracts with both ownership and commerce logic enforced on a secure distributed digital ledger.

“The new horizons of the gaming space have always been the main focus for DMarket. We’re excited to become a part of Mythical Games' work to reduce barriers to entry for innovative game developers and thriving new economies,” said Vlad Panchenko, co-founder and CEO of DMarket. “We share a vision of how the industry will evolve and how we all can contribute and bring more fun to the gaming community worldwide.”

DMarket’s office in Kyiv, Ukraine, becomes part of Mythical East, with its headquarters in Lisbon, Portugal. Its co-founders, Vlad Panchenko and Tamara Slanova, will become part of Mythical’s Executive leadership team, with a particular focus on building the best and easiest marketplace technology for the gaming industry.

DMarket has also adopted the Mythical Chain for its existing marketplace, which will continue to operate outside of the Mythical Marketplace. DMarket.com will retain the familiar experience with purchases in USD in the web experience; however, all trades are recorded on the Mythical Chain to provide full transparency to the community.

For more information on Mythical Games’ Marketplace 2.0, visit http://mythical.market.

About Mythical Platform

Mythical Platform can be added to pre-existing game economies or built into the design of a new game from the ground up, and enables management of digital asset trades, payments, users, and inventory management, making it possible for buyers and sellers of digital assets to transact confidently in an environment founded on transparency, security, trust and value. Mythical Marketplace provides seamless integration to game inventory and offers fraud protection, fee optimization, and soon asset bundling and buyer and seller pricing recommendations. Mythical partners will also have access to proprietary intelligence, market design and market intervention tools that enable easy and safe digital asset transactions.

About Mythical Games

Acknowledged by Forbes’ Disruptive Technology Companies to Watch in 2019 and Fast Company’s World Changing Ideas 2021, Mythical is a next-generation games technology company creating a gaming ecosystem by leveraging tradeable digital assets for tools that enable players, creators, artists, brands and game developers to become stakeholders and owners in new creator-focused game economies.

Led by gaming industry veterans, the team specializes in building games around player-owned economies and has helped develop major franchises, including Call of Duty, World of Warcraft, Guitar Hero, DJ Hero, Marvel Strike Force and Skylanders.

About DMarket

DMarket is the biggest marketplace for trading gaming and esports digital assets. Based on the Newzoo report, it is also one of the top three blockchain-based marketplaces worldwide. The company was founded in 2017 by serial entrepreneurs Vlad Panchenko and Tamara Slanova. DMarket's partners and customers include Darewise, GSC Game World, the Na’Vi esports team, Unity, Xsolla, and others.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230124006123/en/


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Contacts
Nate Nesbitt
nate.nesbitt@mythical.games

Watts Water Technologies Announces Fourth Quarter 2022 Earnings Release and Conference Call

(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE: WTS), will hold a live webcast of its conference call to discuss Fourth Quarter 2022 results on Thursday, February 9, 2023, at 9:00 a.m. Eastern Standard Time. Watts Water Technologies, Inc. will announce its financial results for this period in a press release to be issued after market close on Wednesday, February 8, 2023.

This call can be accessed by visiting the Investor Relations section of the Company’s website at www.watts.com. Following the webcast, an archived version of the call will be available at the same address until February 9, 2024.

Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions for commercial, residential, and industrial applications. For more information visit www.watts.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005620/en/


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Contacts
Watts Water Technologies, Inc.
Diane McClintock
Senior Vice President, FP&A and Investor Relations
Phone: 978-689-6153

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