Daily Archives: October 8, 2018

ATPCO Bridge Labs Hits Milestone: One Year in, 100+ Applicants

Industry investment in travel tech innovators returns value at scale

DULLES, Va., Oct. 08, 2018 (GLOBE NEWSWIRE) — ATPCO today announced that ATPCO Bridge Labs, its innovation incubator, hit a key milestone reaching more than 100 applicants in just one year. ATPCO Bridge Labs (Bridge Labs) is working with numerous travel tech start-ups that are advancing the travel industry with their next-gen solutions in key areas, such as Dynamic Pricing, NDC, and Revenue Management.

Stand-outs like Air Cube, FLYR, Volantio, Ineye, TravelMyHeart, and FlyNava have been accepted into the Bridge Labs incubator and have made significant strides since joining.

In its first year, Bridge Labs has exceeded expectations with over 100 applicants, of which more than half have been selected, with Bridge Labs experts actively mentoring 10 companies to help them leverage the next generation of ATPCO data and APIs to deliver new capabilities to market.

“Bridge Labs operates on rapid cycles and can actively help us to validate new product concepts and accelerate usage testing and acceptance of product initiatives, giving us a faster path to market,” said Jerome Perez, CEO of Air Cube, a Bridge Labs member.

Bridge Labs has thrived through its uncompromising focus on finding and nurturing travel tech start-ups that stand to generate the most value for the entire travel-selling ecosystem once they achieve scale.

“Being at the center of the airline ecosystem, with an unrivaled combination of specialized knowledge, industry connections, and resources, we deliver value back to this new burgeoning community by providing an indispensable service in terms of thought leadership and sharing how the travel ecosystem operates,” said Gianni Cataldo, Head of Research & Development (R&D) at ATPCO.

Bridge Labs Fast Facts

  • Faster time to market: On average, it takes 8-12 months for new entrants with great ideas to develop a solution in the airline industry because of the complexity of airline distribution. Bridge Labs has reduced this timeframe by 30% in the first year.
  • Reduced Complexity: Bridge Labs simplifies the consumption of airline product content to spur innovation and accelerate ecosystem adoption of richer airline products and content.

About Bridge Labs

ATPCO Bridge Labs provides a platform that identifies, curates, and engages partners in development of a marketplace for air travel industry innovation, and is taking applications on a rolling basis from travel and technology companies with a special focus on start-ups. If you have the next awesome idea, Bridge Labs has the expertise, data, and resources to get it off the ground. To learn more about how you can extract the value for your organization, visit bridgelabs.atpco.net.

For further information contact:

Michael Mazzocco
Corporate Communications Strategist
ATPCO
Office: +1 703 661 7503
Email: mmazzocco@atpco.net

 Notes to Editors:

About ATPCO

Uniquely positioned at the center of airline distribution, ATPCO elevates advanced technology and industry relationships to fuel the future of air travel. Owned by airlines, ATPCO manages more than 170 million fares for 430 airlines and is trusted as a neutral partner for airlines, agencies, search engines, global distribution systems, and governments worldwide. ATPCO pricing and data distribution systems support more than $500 billion in annual passenger revenues. Its recently acquired subsidiary Routehappy powers rich content for flight shopping, helping airlines and distributors differentiate their products. Every day, the industry relies on ATPCO’s portfolio of technology and data solutions to help millions of travelers get where they need to go. Learn more at atpco.net.

Hytera supports Indonesia’s search and rescue after earthquake and tsunami rocked its Central Sulawesi

To help improve collaboration efficiency in the search, rescue and evacuation, Hytera donated communications equipment in the first minute to Palang Merah Indonesia (PMI), the Indonesian Red Cross, following a magnitude 7.4 earthquake and a tsunami rocked Central Sulawesi in Indonesia on September 28, 2018. According to the National Disaster Management Authority (BNPB) on October 4, the earthquake and the following tsunami has caused 1558 fatalities, 2549 injuries with 70821 people displaced and 65733 houses damaged.

It is the second time Hytera supports PMI in disaster rescue and relief operations. Ria Thahir, Head of PMI Resource Mobilization and Partnership Division, said, “Hytera’s equipment was working well during Lombok earthquake in August, and is now still supporting the reconstruction at Lombok. We appreciate your fast response and what you’ve done for Indonesian people.”

Jerry Gao, Country Manager of PT. Hytera Communications Indonesia, expressed his condolence to the affected communities. “Hytera has been in Indonesia for more than ten years. We have lots of clients, partners and a team of local colleagues here. We live on the same land and breathe the same air. It’s our obligation to support local communities with our expertise to help them recover soon.”

The earthquake as well as the tsunami, liquefaction and landslides triggered by the quake caused great damages to the power supply and public communications networks in Central Sulawesi. Hytera’s innovative emergency communications solutions, which can be deployed in a minimum time, prove to be efficient in setting up temporary communications networks in emergencies.

As a leading global provider of innovative Professional Mobile Radio (PMR) communications solutions, Hytera is committed to fulfilling its social responsibilities by leveraging cutting-edge technology and product portfolio to support rescue and relief operations on a global scale. Hytera played an active role in providing support to emergency response efforts such as the Japan Tsunami in 2011, the Nepal Earthquake in 2015, the floods in Myanmar in 2016, Hurricane Harvey in Houston, Texas in 2017, Laos Dam Collapse in July 2018 and Lombok earthquake in August 2018.

About Hytera

Hytera Communications Corporation Limited is a leading global provider of innovative professional mobile radio (PMR) communications solutions that improve organizational efficiency and make the world safer. Founded in Shenzhen, China in 1993 and listed on the Shenzhen Stock Exchange (002583.SZ), Hytera has ten research and development centers around the world. Hytera serves customers in over 120 countries and regions, including government, public security, utility, transportation, and enterprise. Sepura Group PLC and its subsidiary Teltronic S.A.U. became a part of Hytera in May, and Norsat International Inc. and its Sinclair Division became part of Hytera in July 2017. For more information, please visit www.hytera.com.

Source: ANTARA News

Hytera supports Indonesia’s search and rescue after earthquake and tsunami rocked its Central Sulawesi

To help improve collaboration efficiency in the search, rescue and evacuation, Hytera donated communications equipment in the first minute to Palang Merah Indonesia (PMI), the Indonesian Red Cross, following a magnitude 7.4 earthquake and a tsunami rocked Central Sulawesi in Indonesia on September 28, 2018. According to the National Disaster Management Authority (BNPB) on October 4, the earthquake and the following tsunami has caused 1558 fatalities, 2549 injuries with 70821 people displaced and 65733 houses damaged.

It is the second time Hytera supports PMI in disaster rescue and relief operations. Ria Thahir, Head of PMI Resource Mobilization and Partnership Division, said, “Hytera’s equipment was working well during Lombok earthquake in August, and is now still supporting the reconstruction at Lombok. We appreciate your fast response and what you’ve done for Indonesian people.”

Jerry Gao, Country Manager of PT. Hytera Communications Indonesia, expressed his condolence to the affected communities. “Hytera has been in Indonesia for more than ten years. We have lots of clients, partners and a team of local colleagues here. We live on the same land and breathe the same air. It’s our obligation to support local communities with our expertise to help them recover soon.”

The earthquake as well as the tsunami, liquefaction and landslides triggered by the quake caused great damages to the power supply and public communications networks in Central Sulawesi. Hytera’s innovative emergency communications solutions, which can be deployed in a minimum time, prove to be efficient in setting up temporary communications networks in emergencies.

As a leading global provider of innovative Professional Mobile Radio (PMR) communications solutions, Hytera is committed to fulfilling its social responsibilities by leveraging cutting-edge technology and product portfolio to support rescue and relief operations on a global scale. Hytera played an active role in providing support to emergency response efforts such as the Japan Tsunami in 2011, the Nepal Earthquake in 2015, the floods in Myanmar in 2016, Hurricane Harvey in Houston, Texas in 2017, Laos Dam Collapse in July 2018 and Lombok earthquake in August 2018.

About Hytera

Hytera Communications Corporation Limited is a leading global provider of innovative professional mobile radio (PMR) communications solutions that improve organizational efficiency and make the world safer. Founded in Shenzhen, China in 1993 and listed on the Shenzhen Stock Exchange (002583.SZ), Hytera has ten research and development centers around the world. Hytera serves customers in over 120 countries and regions, including government, public security, utility, transportation, and enterprise. Sepura Group PLC and its subsidiary Teltronic S.A.U. became a part of Hytera in May, and Norsat International Inc. and its Sinclair Division became part of Hytera in July 2017. For more information, please visit www.hytera.com.

Source: ANTARA News

Oxfam: Nigeria, Singapore and India Fuel Wealth Gap

LONDON Nigeria, Singapore and India are among countries fueling the gap between the super-rich and poor, aid agency Oxfam said Tuesday as it launched an index spotlighting those nations doing the least to bridge the divide.

South Korea, Georgia and Indonesia were among countries praised for trying to reduce inequality, through policies on social spending, tax and labor rights.

Oxfam said inequality had reached crisis levels, with the richest 1 percent of the global population nabbing four-fifths of wealth created between mid-2016 and mid-2017, while the poorest half saw no increase in wealth.

The index of 157 countries is being released as finance ministers and central bank chiefs gather in Bali for the World Bank and International Monetary Fund annual meetings.

Nigeria, where 10 percent of children die before their fifth birthday, came in last due to “shamefully low” social spending, poor tax collection and rising labor rights violations, Oxfam said.

It said tackling inequality did not depend on a country’s wealth, but on political will.

Singapore, one of the world’s richest countries, came in the bottom 10, partly because of practices which facilitate tax dodging, Oxfam said. The city state, which has no universal minimum wage, also did poorly on labor rights.

South Korea, 56 on the list, was praised for bumping its minimum wage up by 16.4 percent last year, and Georgia (49) for boosting education spending by nearly 6 percent � more than any other country.

Denmark’s track record on progressive taxation, social spending and worker protections earned it the top spot, but Oxfam warned that recent administrations had eroded good policies and inequality had risen.

China (81) ranked way ahead of India (147), devoting more than twice as much of its budget to health and almost four times as much to welfare spending, the agency said.

Oxfam warned that world leaders risked failing on their pledge to reduce inequality by 2030 and urged them to develop plans to close the gap which should be funded by progressive taxation and clamping down on tax dodging.

“We see children dying from preventable diseases because of a lack of health-care funding while rich corporations and individuals dodge billions of dollars in tax,” Oxfam boss Winnie Byanyima said. “Governments often tell us they are committed to fighting poverty and inequality � this index shows whether their actions live up to their promises.”

The index, which included an indicator on violence against women, said less than half of countries had adequate laws on sexual harassment and rape.

Source: Voice of America

IMF Downgrades Outlook for World Economy to 3.7 Percent Growth

WASHINGTON The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade.

The IMF said Monday that the global economy will grow 3.7 percent this year, the same as in 2017 but down from the 3.9 percent it was forecasting for 2018 in July. It slashed its outlook for the 19 countries that use the euro currency and for Central and Eastern Europe, Latin America, the Middle East and Sub-Saharan Africa.

The report comes on the eve of the Oct. 12-14 meetings in Bali, Indonesia, of the IMF and its sister lending organization, the World Bank.

The IMF expects the U.S. economy to grow 2.9 percent this year, the fastest pace since 2005 and unchanged from the July forecast. But it predicts that U.S. growth will slow to 2.5 percent next year as the effect of recent tax cuts wears off and as President Donald Trump’s trade war with China takes a toll.

The Federal Reserve, the U.S. central bank, has raised short-term U.S. rates three times this year as the American economy gains strength more than nine years after the end of the Great Recession.

The fund kept its forecast for growth in the Chinese economy unchanged at 6.6 percent this year. Citing the impact of U.S. taxes on Chinese imports, however, the IMF shaved the outlook for China next year to 6.2 percent, which would be the country’s slowest growth since 1990.

The United States and China � the world’s two biggest economies � are sparring over Beijing’s aggressive effort to challenge American technological dominance. Washington charges that China uses predatory tactics, including outright cybertheft and forcing foreign companies to hand of trade secrets in exchange for access to the Chinese market.

The outlook for world trade overall also darkened: The fund expects global trade to grow 4.2 percent this year, down from 5.2 percent in 2017 and from the 4.8 percent it expected in July.

Source: Voice of America