Daily Archives: October 16, 2019

Lithium Werks’ Marine Technology Puts Safety First

Lithium Werks responds to news of battery fire aboard a ferry in Norway

ENSCHEDE, The Netherlands, Oct. 16, 2019 (GLOBE NEWSWIRE) — Lithium Werks (lithiumwerks.com) has been serving the Marine sector for over 12 years. In that time, we have seen the market transition from small lithium batteries in racing yachts to large battery systems in ferries and work vessels.

Lithium Werks does not use nickel-manganese-cobalt (NMC) as a battery technology, unlike many of our competitors that supply to the Norwegian maritime market. While NMC is used in many applications, it is more volatile than the safer lithium iron phosphate (LFP) technology sold by Lithium Werks. As a result, NMC is much more prone to extreme events such as thermal runaway than Lithium Werks’ LFP chemistry.

Additionally, Lithium Werks’ modules use smaller cylindrical cells rather than large-capacity prismatic cells used by many of our competitors. This means the energy released in the event of any cell failure is minimal compared to the large format NMC cells. This further increases the safety of the Lithium Werks’ battery system.

The Lithium Werks battery system has 3 independent safety levels built into every system:

  1. Lithium Werks LFP chemistry is such that initiating thermal runaway is extremely difficult. This is due to the molecular structure of the cathode material which allows inherent safety. NMC batteries will enter thermal runaway at a much lower temperature.
  2. Each cell used in Lithium Werks U27-24XP modules has a built-in safety mechanism called a current interrupt device (CID), that will open and stop current flowing in the case of an abuse condition.
  3. The battery management system (BMS) monitors critical parameters in all cell blocks in each system for any deviances from normal tolerances and controls the safety contactors so that the battery system is protected at all times. If an unusual condition is detected, it will judge the severity and either send an alarm or open the contactors to initial system shutdown.

At Lithium Werks, we have spent over 20 years perfecting our LFP chemistry to now provide the perfect combination of inherent safety, power and energy density along with class-leading lifetime in a modular, scalable package that does not require complex cooling systems. Furthermore, the DNV-GL type approval that our U27-24XP module carries, is much less restrictive.  Our competitors that use NMC require additional safety equipment in order to qualify, such as integrated thermal runaway exhaust ducts or over-pressured rooms.

For more information on the safety of our products please see https://lithiumwerks.com.

Media Relations
MediaRelate@LithiumWerks.com

Ctrip Group Shares Marketing Tips at ITB Asia 2019

Ctrip Area General Manager Ru Yi Speaks at ITB

Ctrip Area General Manager Ru Yi Speaks at ITB

SINGAPORE, Oct. 16, 2019 (GLOBE NEWSWIRE) — Today, representatives from the Ctrip and Trip.com brands participated in the 12th ITB Asia convention on behalf of Ctrip Group, the largest online travel business in Asia.

Trip.com General Manager of Destination Marketing Edison Chen and Ctrip Area General Manager Ru Yi both spoke at the convention, which the Asian travel sector’s premier annual trade fair, akin to its parent trade show ITB Berlin. This marks the third year that Ctrip Group has participated in and sponsored the exhibition held annually in Singapore, which last year attracted over 1,000 exhibitors, 1,000 buyers and 11,000 attendees.

As an industry leader, representatives from Ctrip Group this year took to the stage to share the company’s experiences with peers at the travel industry’s largest gathering in the region. The most important lesson, Chen said, is that marketing must be targeted, and providers must know their customers. “Each product, and every customer are different. That’s why it’s so important to know your customer, your product, and tell your brand story in ways that appeal,” he said.
Trip.com General Manager of Destination Marketing Edison Chen Speaks at ITB Asia 2019

Trip.com General Manager of Destination Marketing Edison Chen Speaks at ITB Asia 2019

This month, Ctrip Group celebrates the 20th anniversary of its founding. Over that period, the company has developed a userbase of over 300 million, and has expanded internationally with its Trip.com brand, serving 23 markets with 19 languages. Chen says industry experience is a factor in the company’s success, but so too have new technologies helped the company to better understand the sorts of products its users are likely to be interested in.

“Ctrip Group has been in this industry for 20 years, and we’ve grown to become the largest OTA in Asia. Our experience, and data tell us precisely what works in which market, and we’re glad to offer our expertise to help destinations and partners together grow with us,” said Chen.

The other part of the equation, said Ctrip Area General Manager Ru Yi, is to listen to customers, and identify changes in consumption habits. “Various factors determine whether a customer makes a purchase on your platform — reliability, convenience, and price are all considerations. We’re seeing price becoming a less important factor, as more customers seek customized travel experiences,” said Ru Yi.

It is also important, said Ru Yi, for companies to have a genuine purpose and sincere desire to bring value to their customers. Ctrip Group has achieved success to date by always putting its customers first and innovating in ways that improve their travel experience. “As our customers’ needs change, so too should we adapt to better meet them,” she said. “That’s why we have always listened to our customers’ feedback, and encouraged our employees to innovate, and strived to ‘make travel happier’ for everyone.”

Ctrip and Trip.com Attends ITB Asia 2019

Ctrip and Trip.com Attends ITB Asia 2019

About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. It is the largest online consolidator of accommodations and transportation tickets in China in terms of transaction volume. Ctrip enables business and leisure travelers to make informed and cost-effective bookings by aggregating comprehensive travel related information and offering its services through an advanced transaction and service platform consisting of its mobile apps, Internet websites and centralized, toll-free, 24-hour customer service center. Ctrip also helps customers book vacation packages and guided tours. In addition, through its corporate travel management services, Ctrip helps corporate clients effectively manage their travel requirements. Since its inception in 1999, Ctrip has experienced substantial growth and become one of the best-known travel brands in China.

For further information, please contact:
International PR
Ctrip.com International, ltd.
Tel: (+86) 21 3406 4880 ext 196455
Email: Pr@ctrip.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/6df26e4b-1a8c-45b0-9ae7-f201d89e2ebb

https://www.globenewswire.com/NewsRoom/AttachmentNg/18871912-13d7-4015-b01b-b7a8f28b83dc

https://www.globenewswire.com/NewsRoom/AttachmentNg/d6f4b736-3bbb-438f-a0a2-e0d0e685a674

Material Solution Jointly Developed by Align Technology and Covestro To Be Showcased at K 2019 Plastics Trade Fair

The Invisalign System with SmartTrack(R) material

The patented SmartTrack material, used to produce Invisalign clear aligners is a multilayer, highly elastic, transparent material, jointly developed with Covestro, designed specifically for the Invisalign system to achieve more predictable orthodontic treatments. (Data on file, Align Technology)

  • The patented SmartTrack® film material to be showcased at K 2019 Plastic Trade Fair in Düsseldorf
  • Specially engineered for Align Technology’s Invisalign® system, SmartTrack material straightens teeth with more predictability

LEVERKUSEN, Germany and SAN JOSE, Calif., Oct. 16, 2019 (GLOBE NEWSWIRE) — Covestro AG (EXCHANGE) and Align Technology, Inc. (NASDAQ: ALGN) announced today that the Invisalign clear aligner system for straightening teeth, made with patented SmartTrack material, will be showcased at the K 2019 Plastics Trade Fair in Düsseldorf, Germany, scheduled for October 16 – 23, 2019.

The Invisalign system from Align Technology is a clear aligner system for straightening teeth, and the most advanced clear aligner treatment available. It is available through Invisalign trained dentists and orthodontists.

Align Technology pioneered the clear aligner orthodontic segment 22 years ago with the launch of the Invisalign system. Through continuous innovation, the Invisalign system is a leading solution in the field of clear aligner orthodontics.

At the Covestro booth (Stand A75 in Hall 6), visitors will have the opportunity to learn more about Align Technology’s cutting-edge innovations, as well as view interactive videos, see and touch sample aligners.

On October 18, 2019 at 12:00-12:30 pm at the Covestro booth, Markus Sebastian, Senior Vice President & Managing Director at Align Technology EMEA, will deliver a keynote address, followed by a Q&A session about the Invisalign system.

The Invisalign System with SmartTrack material
The patented SmartTrack material, used to produce Invisalign clear aligners is a multilayer, highly elastic, transparent material, jointly developed with Covestro, designed specifically for the Invisalign system to achieve more predictable orthodontic treatments*.

The multi-layer, transparent material, engineered over a span of eight years with more than 260 material variations developed and evaluated, exerts gentle, constant force that enables doctors to better control tooth movements.

Orthodontic treatment with clear aligners is preceded by a patient assessment by the treating doctor who takes a digital scan or manual impression of a patient’s teeth. A digital treatment plan is then created and – once approved by the doctor – the individual aligners are produced and shipped. The treatment plan is digitally staged, and custom-made digital aligners are manufactured so that the patient’s malpositioned teeth are corrected in small steps to a better smile. The patient is required to change the aligners at regular intervals as directed by the doctor, and take them out for eating and drinking.

Comfort and functionality
“The Invisalign system with SmartTrack material, SmartForce® features and SmartStage® technology enables tooth misalignments to be corrected with greater than 75 percent  improvement* in overall tooth movement predictability,” said Zelko Relic, Chief Technology Officer and Senior Vice President, Global R&D at Align Technology. “This clear, highly elastic material makes Invisalign aligners easily inserted and removed by patients of all ages, from growing patients who have a mixture of primary and permanent teeth, to teens and adults.”

“The Invisalign system with patented SmartTrack material is a combination of an individual, digitally planned treatment and individually customized aligners by thermoforming films, which are manufactured by Covestro,” said Dr. Thorsten Dreier, Global Head of Specialty Films at Covestro, the SmartTrack supplier to the Invisalign system. “Thanks to our joint materials research with Align Technology, we’re providing foundation for a new, bright smile for millions of new patients across Europe and worldwide.”

Align Technology Senior Vice President and Managing Director, EMEA, Markus Sebastian, adds: “I would like to thank Covestro for inviting us to be part of this exciting showcase here at the K 2019 Trade Show in Düsseldorf. I am looking forward to sharing our cutting-edge technology that has enabled Invisalign trained doctors to create beautiful smiles for over 7 million people worldwide, including over 1 million patients in the EMEA region.”

*/**Data on file, Align Technology.

About Covestro:
With 2018 sales of EUR 14.6 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,800 people (calculated as full-time equivalents) at the end of 2018.

About Align Technology:
Align Technology designs and manufactures the Invisalign system, the most advanced clear aligner system in the world, and iTero® intraoral scanners and services. Align’s products help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients. Visit www.aligntech.com for more information.

For additional information about the Invisalign system or to find an Invisalign doctor in your area, please visit www.invisalign.com. For additional information about iTero digital scanning system, please visit www.itero.com.

About SmartTrack Material 
SmartTrack aligner material has been specifically designed to provide better tooth movement control and aligner-patient fit for improved clinical outcomes.

About SmartForce Features
SmartForce attachments are small tooth-colored shapes that are attached to patients’ teeth before or during their Invisalign treatment.

They can be automatically incorporated to treatment plan to increase the control and predictability of tooth movements.

About SmartStage Technology 
The SmartStage technology applied in the development of Invisalign treatments leads to a more precise control of individual and multiple tooth movements.

INVISALIGN, SMARTTRACK, SMARTFORCE, SMARTSTAGE and ALIGN, among others, are trademarks and/or service marks of Align Technology, Inc. or one of its subsidiaries or affiliated companies and may be registered in the U.S. and/or other countries.

Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports. These reports are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to make them conform to future events or developments.

Align Technology, Inc.
Contact
Karina Ludz
Telephone
+31 6211 434 20
E-mail
Kludz@aligntech.com
Covestro AG
Communications
51365 Leverkusen Germany
Contact
Dr. Frank Rothbarth
Telephone
+49 175 30 25363
E-mail
frank.rothbarth@covestro.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0795b0a7-4428-4689-bfc6-3d6fa8b0197a

Boku Inc Partners with GoPay to Extend Mobile Payments Across Indonesia

Leading global businesses can now acquire new paying customers with Indonesia’s most popular e-wallet

SINGAPORE and SAN FRANCISCO , Oct. 15, 2019 (GLOBE NEWSWIRE) — Today, Boku Inc (AIM: BOKU), the world’s leading independent carrier commerce company, announced a partnership with GoPay, the digital payments platform of Gojek, the largest on-demand multi-service provider in Southeast Asia. Today, GoPay is the largest consumer digital payments platform in Indonesia, processing about 50% of transactions made on the Gojek platform.

Through the partnership, Boku’s merchant customers in Indonesia will be able to introduce GoPay as an additional payment method, enabling ease of payments for a greater pool of end-users. The partnership reflects the growing popularity of e-wallets as the primary payment mechanism for multiple use cases like transportation, recurring entertainment subscriptions, and in-app and in-game micro-purchases.

Indonesia’s e-wallet market is set to be the fastest-growing fintech segment in the country, with projected growth from $1.5 billion in 2018 to $25 billion in 2023, according to management consultancy Redseer.

“Boku’s mission is to make mobile transactions more simple, and this partnership with GoPay is a big step towards accomplishing that mission,” said Jon Prideaux, CEO, Boku Inc. “We look forward to continuing our collaboration with GoPay to bring cashless payments to more consumers in Indonesia and to bring greater customer acquisition to global businesses operating in Indonesia.”

“As Indonesia continues to move towards digital payments and embraces a mobile-first society, GoPay and Boku share the same vision of providing convenience and greater opportunities to both consumers and businesses,” said Timothius Martin, SVP Digital Product, GoPay. “With Boku’s leading network of global merchants, we can immediately help traditionally underserved Indonesian consumers participate in the global digital economy.”

About Boku Inc.
Boku Inc. (AIM: BOKU) is one of the world’s leading providers of carrier commerce and mobile identity solutions. Boku’s technology platform, which is linked to more than 170 mobile network operators worldwide, verifies user identity, executes payments, and provisions new services, simplifying daily mobile interactions between consumers and digital organizations.

Boku’s technology platform is used in over 58 countries with over 650 million verified transactions in 2018, contributing $3.6 billion to the digital economy. Businesses that currently employ Boku’s platform to simplify sign-up, acquire new paying users and prevent fraud include global leaders such as Apple, Discover, Experian, Facebook, Fiserv, Google, Microsoft, Netflix, Paypal, Sony, Spotify, Uber and Western Union.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in various locations globally including in the US, Mumbai, Munich, Beijing, Paris, Sao Paulo, Singapore, Taipei, and Tokyo.

To learn more about Boku Inc., please visit: https://www.boku.com

About GoPay
Founded in 2016 as the digital payments platform solution of Gojek, the largest on-demand multi-service provider in Southeast Asia, GoPay has quickly become the leading electronic money service in Indonesia.

With a growing reach both inside and outside of the Gojek ecosystem the GoPay mission is to help millions of Indonesian families have access to a wide range of financial services and products based on a strategy of building strong partnerships and collaborations with all stakeholders including the public sector, private sector, civil society, and academia.

Today GoPay has reached many major milestones including: Recipient of the “Most Active Fintech Company to Support the National Non-Cash Movement (GNNT)” Award from Bank Indonesia. Working with over 300 foundations and NGOs across 14 cities in Indonesia to boost digital donation services. Recognized on the Fortune’s 2019 “Change the World” list (11th place).

Contact:
Tim Metcalfe
IFC Advisory Limited
boku@investor-focus.co.uk

Winny Triswandhani
Head of Corporate Communications GoPay
winny.triswandhani@go-pay.co.id

Epiq Strengthens Cloud-Enabled Information Governance and eDiscovery Expertise in Asia-Pacific

HONG KONG, Oct. 16, 2019 (GLOBE NEWSWIRE) — Epiq, a global leader in the legal services industry, announced that acclaimed information governance (IG) expert, Elizabeth Fogerty, will lead the Epiq IG practice across the Asia-Pacific region as the director of strategic relationships and compliance consulting.

A study commissioned by Epiq reports that acceptance of cloud-based data storage is accelerating and over 75% of buyers for eDiscovery and related services expect to increase use of the public cloud to host discovery data in the next three years, viewing it as cheaper, more efficient and scalable than private server hosting. Despite their interest, companies grapple with potential security and reputational risks as well as the complexities of preparing data for migration.

Based in Hong Kong, Fogerty has significant knowledge of cloud migration and the regulatory and compliance challenges that accompany migration. She brings considerable expertise to companies that are interested in transitioning to cloud-enabled solutions. Fogerty will drive the client strategy for data security, compliance, eDiscovery, data classification, data retention, and defensible deletion in cloud-based storage systems.

“Enterprises face increasing challenges with data management complexities, costs, and exposure to fines and reputational damage due to missteps in their migration to the cloud and management of cloud data,” said Fogerty. “Our expertise is guiding clients’ migration to the cloud and maximizing the full suite of compliance and security capabilities native to Microsoft 365. Organizations will garner more control over their digital information through migration to the cloud.”

Epiq has been working closely with global law firms and corporations to solve eDiscovery challenges in Asia for over a decade. Recent changes in privacy laws have increased the demand for IG compliance solutions worldwide. In Asia, investments in information technology infrastructure are contributing to what is expected to be the fastest growth in the global eDiscovery market. Expansion of cross-border litigation has increased the number of eDiscovery-relevant matters and the presence of more international law firms in Asia has amplified demand for eDiscovery experts like Epiq.

Fogerty serves on the Microsoft Office 365 Partner Advisory Council which is an invitation-only council of experts that influence Office 365 product development. “Elizabeth is a trusted subject matter expert on privacy and compliance cloud service capabilities within Microsoft Office 365,” said Joe Porter, senior director at the Microsoft 365 Center of Excellence. “Microsoft’s partnership with compliance partners like Epiq are super important as we seek to enhance the customer experience and value of our compliance services. Elizabeth is invaluable in our partnership and brings the needed insights that inform our mutual strategy which help shape our product roadmap.”

Epiq offers a full suite of information governance and eDiscovery solutions that allow clients to take control of digital information and mitigate regulatory and compliance risks. Epiq and Microsoft will jointly offer workshops, trainings, and pilot programs to help organizations throughout the APAC region make the most of their investment in Microsoft technology by leveraging the security and compliance features within Microsoft 365.

About Epiq
Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

Press Contacts
Jill Brown
Epiq
+1 713 933 2905
jbrown@epiqglobal.com

Candice Han
Epiq
+852 2110 7685
chan@epiqglobal.com