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Crooks joins ACT as decarbonization market expected to triple in size to $4 trillion by 2028 AMSTERDAM, Jan. 23, 2024 /PRNewswire/ -- Colin Crooks, former CEO and Board Chair of Shell Energy Retail and most recently Shell Senior Vice President of Renewables and Energy Solutions Europe, will join ACT Group as CEO effective April 1, 2024. Crooks succeeds Bram Bastiaansen, who co-founded ACT in 2009 and grew the company into a leading global environmental solutions provider. Bastiaansen remains with ACT as an advisor to the board, focusing on M&A, large-scale commercial projects and strengthening relationships with ACT's many global customers. ACT partners with businesses in a wide range of sectors, from global corporates to small- to medium-sized companies. It provides expert-backed, end-to-end decarbonization and environmental solutions, empowering companies to achieve their ESG goals and meet environmental regulatory requirements set by governments and authoritative bodies at regional, national, and international levels and on a global scale. "ACT is a tremendous opportunity to lead a team that's passionate about accelerating the global transition to sustainable energy," said Crooks. "Bram and Jaap Janssen built ACT into a highly regarded partner for companies, delivering environmental solutions backed by scientific integrity. We will continue to focus on helping organizations achieve meaningful, positive environmental impact — no matter how or where they want to scale and grow." Crooks brings decades of experience in energy solutions, including a decade in renewable energy, to ACT. His 31-year tenure at Shell included a stint as CEO of its First Utility (later Shell Energy) Retail business among several other leadership positions. In 2020, he stepped up to lead their renewable & energy solutions activities in Europe with the goal of accelerating the transition to a more sustainable economy. Over the course of his career, Crooks' work has spanned high level roles supporting both B2C and B2B energy sourcing and generation efforts. Over the past year, ACT helped clients source more than 120 TWh in renewable energy, among many other sustainable initiatives. In 2023, ACT acquired Green Project Technologies, a U.S.-based software company delivering a SaaS platform to simplify emissions accounting. This acquisition enabled businesses to partner with ACT to calculate, manage, reduce, mitigate, and disclose their emissions efficiently. ACT also opened its sixth global office in 2023, adding London to a growing list including its Amsterdam Headquarters, and offices in New York, Paris, Shanghai, and Singapore. Olivier van Riet Paap, partner at one of the world's leading private asset growth investors Bridgepoint, investors in ACT, stated, "Colin has a proven track record of success. He consistently delivers integrated value and excels at balancing growth and risk, while enhancing organizational culture and customer focus in international companies active in the energy transition. I have no doubt that he is the right leader to build on ACT's impressive standing as an ESG powerhouse supporting companies and institutions globally in their drive to build a sustainable future." About ACT ACT helps organizations achieve their climate action goals, no matter how ambitious. Since its founding in 2009, they have become a reliable partner for high-impact climate projects that generate carbon credits, energy efficiency projects and certificates, and experts in renewable electricity and gas markets, renewable fuels, and emission allowances. ACT's Amsterdam, New York, London, Paris, Shanghai, and Singapore teams deliver tailor-made solutions backed by extensive market knowledge. Since the beginning of the energy transition, they have been early adopters, constantly finding new products and participating in new markets. In shaping environmental markets, ACT enables organizations to pursue sustainable futures. https://www.actcommodities.com/ Media Contact: Davis MacMillanDavis.macmillan@rfbinder.com+1 212 994 7509Office hours: 8am-6pm ET
STOCKHOLM, Jan. 23, 2024 /PRNewswire/ -- Fourth quarter highlights – Solid EBITA and cash flow in a challenged market Sales declined organically[1] by -17% YoY, driven by a -23% decline in Networks. Reported sales were down by -16% to SEK 71.9 b. Gross income excluding restructuring charges decreased to SEK 29.6 (35.7) b. Gross margin excluding restructuring charges was 41.1% (41.5%). Adjusted for the retroactive element in IPR revenues in Q4 2022 the gross margin increased YoY. Reported gross income was SEK 28.6 (35.6) b. with a gross margin of 39.8% (41.4%). EBITA excluding restructuring charges amounted to SEK 8.2 (9.3) b. with an EBITA margin of 11.4% (10.8%). EBIT excluding restructuring charges amounted to SEK 7.4 (8.1) b. with an EBIT margin of 10.3% (9.4%). Free cash flow before M&A was SEK 12.5 (16.9) b. Q4 2022 was positively impacted by retroactive IPR payments. Full-year highlights Sales declined organically[1] by -10%, impacted by a -15% decrease in Networks, partly offset by an 11% growth in Enterprise. Reported sales were SEK 263.4 (271.5) b. Gross income excluding restructuring charges was SEK 104.4 (113.5) b., mainly related to Networks. Gross margin excluding restructuring charges was 39.6% (41.8%). Reported gross income was SEK 101.6 (113.3) b. with a gross margin of 38.6% (41.7%). EBITA excluding restructuring charges was SEK 21.4 (29.5) b. with a margin of 8.1% (10.9%). EBITA was SEK 14.9 (29.1) b. with a margin of 5.7% (10.7%). Reported EBIT was SEK -20.3 (27.0) b. impacted by SEK -31.9 b. of goodwill impairment recorded in Q3 related to Vonage. Net income (loss) was SEK -26.1 (19.1) b. EPS diluted was SEK -7.94 (5.62). Net income (loss) was impacted by SEK -31.9 b. of goodwill impairment and SEK -6.5 (-0.4) b. of restructuring charges. Free cash flow before M&A amounted to SEK -1.1 (22.2) b. Net cash was SEK 7.8 (23.3) b. at year-end 2023. A dividend for 2023 of SEK 2.70 (2.70) per share will be proposed to the AGM by the Board of Directors. SEK b. Q42023 Q42022 YoYchange Q32023 QoQchange Jan-Dec2023 Jan-Dec2022 YoYchange Net sales 71.881 85.980 -16 % 64.473 11 % 263.351 271.546 -3 % Sales growth adj. for comparable units and currency[2] - - -17 % - - - - -10 % Gross margin[2] 39.8 % 41.4 % - 38.4 % - 38.6 % 41.7 % - EBIT (loss) 5.848 7.853 -26 % -28.908 - -20.326 27.020 - EBIT margin[2] 8.1 % 9.1 % - -44.8 % - -7.7 % 10.0 % - EBITA[2] 6.694 9.049 -26 % 3.828 75 % 14.912 29.071 -49 % EBITA margin[2] 9.3 % 10.5 % - 5.9 % - 5.7 % 10.7 % - Net income (loss) 3.409 6.190 -45 % -30.491 - -26.104 19.112 - EPS diluted, SEK 1.02 1.82 -44 % -9.21 - -7.94 5.62 - Measures excl. restructuring charges[2] Gross margin excluding restructuring charges 41.1 % 41.5 % - 39.2 % - 39.6 % 41.8 % - EBIT (loss) excluding restructuring charges 7.368 8.081 -9 % -28.020 - -13.805 27.419 - EBIT margin excluding restructuring charges 10.3 % 9.4 % - -43.5 % - -5.2 % 10.1 % - EBIT excluding restructuring and goodwill impairments 7.369 8.081 -9 % 3.877 90 % 18.093 27.418 -34 % EBIT margin excluding restructuring and goodwill impairments 10.3 % 9.4 % - 6.0 % - 6.9 % 10.1 % - EBITA excluding restructuring charges 8.214 9.277 -11 % 4.716 74 % 21.433 29.470 -27 % EBITA margin excluding restructuring charges 11.4 % 10.8 % - 7.3 % - 8.1 % 10.9 % - Free cash flow before M&A 12.464 16.866 -26 % -0.540 - -1.084 22.196 - Net cash, end of period 7.832 23.319 -66 % 1.610 386 % 7.832 23.319 -66 % [1] Sales adjusted for comparable units and currency[2] Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements Comments from Börje Ekholm, President and CEO of Ericsson (NASDAQ: ERIC) In 2023, we continued to execute on our strategy to strengthen our leadership in mobile networks, grow our enterprise business and drive cultural transformation. We concluded 2023 with a Q4 EBITA margin[2] of 11.4% and a historic 5-year USD 14 b. contract. Despite headwinds and a very weak mobile networks market, we were able to generate a full-year EBITA[2] of SEK 21.4 b. While the actions we have taken to improve performance are paying off, we are not satisfied with our profitability and there is more work to do. As we look to 2024, we expect the market outside China to further decline, with similar uncertainties as experienced in 2023. In this environment, we remain laser focused on managing elements within our control, including operational efficiency and tight cost management. We are confident in our strategy and are committed to driving long-term value for our shareholders. Q4 – solid results in challenging environment As a result of focused execution and increased resiliency, we were able to adapt in a challenging environment and delivered solid Q4 results. While Group sales[1] declined organically by -17% YoY, EBITA[2] reached SEK 8.2 b. with an EBITA margin[2] of 11.4%. With strong focus on profitability, we were able to deliver a 41.1% gross margin[2], a YoY increase when adjusting for the retroactive element of IPR revenues in Q4 2022. Our investments in geopolitical resiliency continued at a high level. Networks sales[1] decreased organically by -23% YoY as customers continued to focus on cash flow. Sales in India declined QoQ as the market started its transition to normalized investment levels following an unprecedented roll-out pace. Q4 gross margin[2] grew QoQ to 43.2%. In Cloud Software and Services, we delivered on our EBITA[2] target to reach at least breakeven in 2023 with an EBITA[2] of SEK 2.0 b. in Q4 and SEK 1.7 b. for the full year. We continue to increase commercial discipline, automation and delivery efficiency, focusing on long-term profitability. Enterprise sales[1] grew by 7% organically YoY mainly driven by Enterprise Wireless Solutions. EBITA[2] (loss) was stable YoY, negatively impacted by an inventory write-off in Enterprise Wireless Solutions. Strong cash collection and released working capital from conclusion of large roll-out projects allowed a healthy free cash flow before M&A of SEK 12.5 b. in Q4. We aim to return to our long-term target of free cash flow before M&A of 9-12% of net sales as soon as possible. We delivered on the SEK 12 b. gross cost run-rate savings, half of which positively impacted the P&L in 2023, with the remainder to impact in 2024. Considering the market outlook, we will continue our strong focus on cost discipline. [1] Sales adjusted for comparable units and currency [2] Excluding restructuring charges Driving execution of our strategy Our first strategic pillar is to further enhance our leadership in mobile networks. Technology leadership is core to our strategy, enabling customers to build high-performance, programmable and open networks to deliver superior customer experience, maximize return on investment (ROI) and accelerate business innovation. With our leading technology, customers can reduce their total cost of ownership, reduce non-strategic spend and instead redirect a larger portion of capex to revenue-generating network infrastructure, enabling an accelerated network modernization - as proven by our record win in Q4. With our second strategic pillar, expansion into Enterprise, we aim at creating new monetization opportunities for our customers. Many operators fight to earn a healthy ROI with current monetization models. By offering network APIs to developers and enterprises, we enable new revenue streams for operators, and new applications that leverage network capabilities. We see good traction with frontrunner customers who share our excitement. In addition, offerings in Enterprise Wireless Solutions expand the market for high-performance mobile technology into enterprise. 2023 has been a year in which we have continued to build and transform our culture focusing on strong decision making and risk management, effective oversight and accountability. Ethical standards shall stand in the center of everything we do and become our competitive strength. Looking ahead The mobile network industry remains challenging. We expect the current market uncertainties to prevail into 2024 with a further decline of the RAN market outside China as our customers remain cautious and the investment pace is normalizing in India. The new US contract will start to ramp up in the second half of 2024. Underlying demand from growing data traffic and 5G only being in the early stages of build-out will require additional network investments. In our view, the current investment levels are unsustainably low for many operators. We are therefore confident that a market recovery should materialize. However, the timing of market recovery is ultimately in the hands of our customers. It is critical for us to lead in technology while focusing on operational efficiency, to ensure we are well positioned when the market recovers. Our strong IPR portfolio with over 60,000 patents gives us great opportunities to grow our licensing revenue, with a continued emphasis on ensuring that the full value is recognized in all contracts. Our goal is to make Ericsson a more profitable company based on a leading position in mobile infrastructure and a high-growth Enterprise platform business. I would like to thank all my colleagues for their dedication to execute on our strategy. Together with our customers, we are well positioned to shape the future industry. Börje EkholmPresident and CEO NOTES TO EDITORS You find the complete report with tables in the attached PDF or on www.ericsson.com/investors Video webcast for analysts, investors and journalists President and CEO Börje Ekholm and CFO Carl Mellander will comment on the report and take questions at a video webcast at 9:00 AM CET (8:00 AM GMT London, 3:00 AM EST New York). Join the webcast or please go to www.ericsson.com/investors To ask a question: Access dial-in information here The webcast will be available on-demand after the event and can be viewed at www.ericsson.com/investors. FOR FURTHER INFORMATION, PLEASE CONTACT Contact person Peter Nyquist, Head of Investor Relations Phone: +46 705 75 29 06 E-mail: peter.nyquist@ericsson.com Additional contacts Stella Medlicott, Senior Vice President, Marketing and Corporate Relations Phone: +46 730 95 65 39 E-mail: media.relations@ericsson.com Investors Lena Häggblom, Director, Investor Relations Phone: +46 72 593 27 78 E-mail: lena.haggblom@ericsson.com Alan Ganson, Director, Investor Relations Phone: +46 70 267 27 30 E-mail: alan.ganson@ericsson.com Media Ralf Bagner, Head of Media Relations Phone: +46 76 128 47 89 E-mail: ralf.bagner@ericsson.com Media relations Phone: +46 10 719 69 92 E-mail: media.relations@ericsson.com This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CET on January 23, 2024. The following files are available for download: https://mb.cision.com/Main/15448/3913672/2555477.pdf Ericsson reports fourth quarter and full-year results 2023
SINGAPORE, Jan. 23, 2024 /PRNewswire/ -- CUKTECH, an integral member of the Xiaomi ecosystem, proudly announces its entry into the Singaporean market, marking a pivotal moment in its global outreach. The company is set to unveil a variety of new products, catering to the tech-savvy consumer base of Singapore. These cutting-edge offerings are now available on renowned e-commerce platforms such as Shopee and Lazada. The available product lineup includes the versatile CUKTECH 30, 20, and 15 Power Banks, each tailored to meet different consumer needs. The highlight is the CUKTECH Fast Charging 20 Power Bank, boasting a 25000mAh capacity. Equipped with a 2C1A charging port, it can charge three devices simultaneously with a power output reaching an impressive 210W. In addition, this product also features a 110W self-charging capability and a Smart TFT Display. Since its inception, CUKTECH has garnered significant investment and support from industry giants like Xiaomi, rapidly evolving into a notable player in the tech world. As a leading manufacturer and eco-chain company for Xiaomi's power banks and chargers, CUKTECH's team has achieved remarkable sales milestones, surpassing 150 million units in power bank sales under both CUKTECH and Xiaomi brands. The company's dedication to GaN (Gallium Nitride) technology research has culminated in the release of numerous proprietary GaN charging products, showcasing its technological prowess. Its Lighter Series GaN ultra-thin chargers, featuring its proprietary Transformer On Board (TOB) technology, have received widespread acclaim from consumers and media upon its release. Furthermore, CUKTECH's chargers have been recognized by IEEE (Institute of Electrical and Electronics Engineers), the world's largest technical professional organization, for their exceptional performance in size, topology, efficiency, and durability. These accolades reinforce CUKTECH's position as a provider of ideal charging solutions for travellers. In celebration of its entry into the new market, CUKTECH is initiating a campaign filled with an array of special offers. Customers spending $299 or more will be eligible to win a smartphone valued at $649. Furthermore, customers can enjoy savings of up to $50 and discounts of up to 60% on selected items. To enhance the shopping experience, CUKTECH is providing free shipping on all orders, and every purchase includes a complimentary gift. CUKTECH's foray into the Singapore market signifies more than mere business expansion; it represents a stride towards actualizing a vision of a future fuelled by efficient and eco-friendly energy solutions. The company's steadfast dedication to research and development, coupled with quality assurance, guarantees that every product is engineered to surpass customer expectations. Looking ahead, CUKTECH is committed to building a comprehensive clean energy ecosystem, offering innovative technology solutions that adapt to the ever-changing needs of users seeking the most recent advancements in technology and lifestyle. About CUKTECH CUKTECH is a technology-driven innovative company that is committed to creating a comprehensive clean energy ecosystem and services for its users. CUKTECH embarked on its journey in 2016 and has made significant strides in the charging market, creating a range of charging products for Xiaomi that have been well-received by media and users alike. CUKTECH's products are being sold in over 100 countries or regions worldwide. CUKTECH has always adhered to product innovation and design, with over 70% of its team dedicated to research and development. The company insists on meticulous attention to detail and creating products that users love. For more information, please visit: https://cuktech.com/ .
Partnership to leverage Regula's world-leading document authentication and face liveness detection technologies SINGAPORE, Jan. 23, 2024 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced a strategic partnership with Regula, a global developer of forensic devices and identity verification (IDV) solutions. This partnership will enable Azentio to harness Regula's expertise in identity verification and thereby, boost its ability to seamlessly embed IDV in its digital onboarding solutions. Two Regula's solutions, Regula Document Reader SDK and Regula Face SDK, will be integrated with Azentio ONEBanking and Azentio ONECapitalMarkets platforms. With a complete identity verification flow, Regula Document Reader SDK will ensure automated and secure identity proofing, while Regula Face SDK will instantly perform biometric verification including liveness detection and face matching within a single interaction. These technologies will equip Azentio's clients with instant and fraud-free ID verification, adding confidence, efficiency, and security to their operational processes. Regula Document Reader SDK allows comprehensive identity document authenticity checks as an integral part of a larger KYC procedure. In remote onboarding scenarios, the solution instantly captures a provided ID, automatically identifies its type, reads and cross-validates data from visual zone, MRZ, barcode, and RFID chip to ensure there are no inconsistencies, and performs extensive authenticity checks of every security feature to determine any alterations that may indicate fraud. Backed by Regula's proprietary document template database, which is the most comprehensive in the world with over 13,000 templates of IDs from 247 countries and territories, Regula Document Reader SDK can verify nearly any identity document regardless of its type or country of origin. For Azentio's vast clientele of banks and financial institutions with operations across Asia, the Middle East and Africa, it will be a vital and versatile asset. Regula Face SDK will help Azentio's clients reinforce identity verification with biometric checks, using the solution's advanced face matching and liveness detection technologies. It helps ensure that an organization onboards a real person and they are who they claim to be by comparing a selfie with other portraits in the identity document. Biometric verification is a reliable anti-fraud measure that helps significantly eliminate the risk of even the most sophisticated presentation attacks. Khaled Berjawi, Head of Product Management, Banking & Capital Markets, Azentio, stated, "At Azentio, cultivating a seamless, secure, and technologically advanced digital onboarding experience is not just a mission; it's an obsession. With Regula as our strategic partner, we're not merely changing the game; we're rewriting the rules of trust in the digital age. Together, we're guiding our clients towards a future where trust meets innovation, orchestrating a symphony of cutting-edge technology and unwavering trust that sets the stage for a new era of identity verification." Ihar Kliashchou, Chief Technology Officer, Regula, commented, "We are glad to join forces with Azentio to bolster identity verification in remote onboarding and KYC processes for banks and other financial institutions across continents. Financial services are among the most vulnerable industries when it comes to identity fraud. Our recent survey showed that such a threat cost nearly half a million US dollars to every third bank in the world last year. So, this industry really needs the strictest regulation and consequently, the most powerful solutions that can meet such high standards." About Azentio Software Azentio provides mission-critical software products across Asia Pacific, Middle East, Africa and India to banks, financial services providers, and insurers. It also provides ERP solutions to mid-market enterprises.
This new offer automates preparation, planning and manufacturing to optimize on-demand production flows and reduce material consumption. PARIS, Jan. 23, 2024 /PRNewswire/ -- Lectra supports the transformation of fashion, automotive and furniture players by providing them with technological solutions that accelerate their transition to a more efficient and more sustainable Industry 4.0. The Group announces the launch of its enhanced Furniture On Demand by Lectra offer. This solution automates, streamlines and gives total visibility over on-demand production – unitary and series – of furniture products, enabling smarter and more sustainable manufacturing. The Group is also launching a new generation of smart and connected furniture cutting equipment, VectorFurniture Q2 and VectorFurniture iX2. Lectra, Furniture on demand The furniture industry is characterized by rare expertise and complex processes. For several years, the sector has faced growing demand for customization, involving various choices of shapes, colors and fabrics. To meet this challenge, furniture manufacturers need to be able to produce on demand, quickly, cost-effectively and sustainably. Since 2018 and the launch of its Furniture On Demand by Lectra offer, Lectra has played a pioneering role in enabling the automation of on-demand production, facilitating the production of small runs at the same rate as mass production and promoting material savings. "Today, we are continuing to innovate by enhancing this solution with Valia, our digital production preparation and planning platform for upholstered furniture," explains Maximilien Abadie, Chief Strategy Officer and Chief Product Officer at Lectra. "Furniture On Demand by Lectra connects all the components in the cutting room and facilitates order and production data processing. Our customers gain additional advantages for optimizing automated manufacturing workflows and material consumption on their production lines. With this new offer, they are fully committed to Industry 4.0 and benefit from a significant competitive advantage, offering new growth drivers for more sustainable production." Greater interoperability and reduced environmental impact thanks to data intelligence Hosted in the cloud, the Valia digital platform connects to Lectra's equipment in the cutting room, as well as upstream to the customer's ERP1 system, enabling them to receive orders, process them automatically and send them to the cutting room, without human intervention. This digitization, using real-time data, automates and simplifies every stage of the fabric cutting process, from preparation to planning and execution. The Valia platform is capable of integrating the production rules known by only a handful of experts in the cutting room, making it possible to secure operations, standardize practices and automatically mix and allocate cutting orders to the right cutting equipment, optimizing material savings. Valia Furniture's automated management provides upholstered furniture manufacturers with the ability to visualize cutting room processes in order to identify necessary adjustments, escalate alerts and make instant decisions to improve cutting room performance and optimize their on-demand production. A new generation of connected and eco-responsible cutting equipment Together with its new Furniture On Demand by Lectra offer, the Group is launching the new generation of VectorFurniture Q2 and VectorFurniture iX2 fabric cutters. This new equipment is specifically adapted to ensure a quick and easy transition from low-volume production to higher-volume orders, while improving cutting quality. VectorFurniture Q2 and VectorFurniture iX2 offer a high level of connectivity thanks to numerous built-in sensors, which makes them fully compatible with Industry 4.0. Thanks to data intelligence and improved connectivity, manufacturers have all the data they need to increase the efficiency of their processes, boost productivity, improve product quality and better meet the challenges of tomorrow. This eco-designed equipment consumes 30% to 40% less energy than the previous generation, already renowned for its energy performance, maximizing efficiency. It is more compact and 200 kilograms lighter, significantly reducing environmental impacts during production, transport and use. Ergonomics and operator protection, Lectra's key concerns, have been completely redesigned with the integration of motion detection sensors, the reduction of equipment noise levels and the introduction of new standards for circuit boards. 1 ERP system: Enterprise Resource Planning, an integrated management system that brings together several applications to manage a company's operational and administrative activities. Contact: Hotwire for Lectra lectrafr@hotwireglobal.com
TOKYO, Jan. 23, 2024 /PRNewswire/ -- The Japan Food Product Overseas Promotion Center (JFOODO) has launched an "Unlock UMAMI" promotion in the United States (With specific events in New York and Los Angeles) and Singapore to provide people with the opportunity to experience and learn about the secrets behind the deliciousness of Japanese foods derived from the combination of Japanese food ingredients and fermented seasonings, including "koji." Image1: https://cdn.kyodonewsprwire.jp/prwfile/release/M107557/202401195521/_prw_PI1fl_9tDQgIS8.jpg Image2: https://cdn.kyodonewsprwire.jp/prwfile/release/M107557/202401195521/_prw_PI2fl_J77GUqRd.jpg Overview of promotion campaign - Starting on January 16, 2024, the "Unlock UMAMI" promotion is underway to offer a special menu for a limited time in New York, Los Angeles, and Singapore. - The "UMAMI MATCH" is a cooking competition program that uses Japanese food ingredients and fermented seasonings to literally "unlock the secrets of UMAMI" as part of the "Unlock UMAMI" promotion that will be aired on YouTube. The "Unlock UMAMI" promotion has two main goals of "experiencing" and "understanding" how Japanese UMAMI is the secret behind delicious foods. The first goal of "experiencing" UMAMI is promoting through the Restaurant Campaign where people can taste foods prepared in partnership with renowned chefs and restaurants. The Restaurant Campaign has started serving various Japanese foods using Japanese fermented seasonings (Including soy sauce, miso, mirin sweet seasoning, and rice vinegar) in combination with Japanese food ingredients at selected restaurants in New York, Los Angeles and Singapore. About 30 restaurants participate in the campaign. The second goal of "understanding" UMAMI will be promoted through the launch of a cooking showdown program called "The UMAMI MATCH" on YouTube in February. This program pitches chefs working in America against each other using their skills and ideas to unlock UMAMI using a combination of Japanese food ingredients and fermented seasonings to demonstrate how delicious and healthy Japanese foods are. The main theme behind this promotion is to "Unlock UMAMI, Live Deliciously Healthy with Japanese KOJI." And the promotion demonstrates how UMAMI is derived from Japanese fermented seasonings like koji and how combinations of Japanese food ingredients and fermented seasonings can be used as the key elements to create delicious and healthy foods. Furthermore, JFOODO aims to boost exports of Japanese foods and their consumption in the United States and Singapore by demonstrating the synergistic effects of Japanese food ingredients and fermented seasonings. UMAMI is a key element found in numerous Japanese fermented seasonings including soy sauce, miso, mirin (mirin sweet seasoning) and rice vinegar, which are representatives of Japanese fermented seasonings and are all related to the koji mold (Aspergillus oryzae). Moreover, koji is created from the process through which koji mold is used to ferment rice, beans and other grains. This fermentation process is considered to be highly nutritious and healthy because it acts to increase vitamins, amino acids and other nutrients, and makes them easier to be absorbed by the human body. Furthermore, amino acids are a highly important flavor profile known as "UMAMI" to not only provide nutrition, but also to enhance flavors and aromas of various foods. Please refer to the websites below for more information about the "Unlock UMAMI" promotion and further details about Japanese foods ingredients and fermented seasonings. Websites: United States: https://japan-food.jetro.go.jp/odan/us/ Singapore: https://japan-food.jetro.go.jp/odan/sg/ - Restaurant campaign About 30 renowned restaurants in the United States (New York and Los Angeles) and Singapore participate in this campaign. Each participating restaurant is offering special new menu items featuring food ingredients and fermented seasonings produced in Japan to be served to guests from January 16 until early March (The ending date may vary depending on the restaurant). United States: https://kyodonewsprwire.jp/attach/202401195521-O1-Vi3jU488.pdf Singapore: https://kyodonewsprwire.jp/attach/202401195521-O2-Mw34RJ4L.pdf - Video contents: "The UMAMI MATCH" A cooking showdown program using Japanese food ingredients and fermented seasonings will be aired on YouTube. This program will be highly entertaining to show how UMAMI can be used to make delicious foods. The program will pit three American chefs from differing culinary genre against each other to come up with sumptuous dishes based upon new and unexpected ideas that will draw audiences and make them want to sample each dish. This cooking program will be conducted over three rounds, during which the chefs will be asked to prepare dishes based on specific themes using Japanese food ingredients and fermented seasonings. A Japanese chef with an extensive background in Japanese cuisine will judge how well each chef has used the Japanese food ingredients and fermented seasonings to successfully draw out the UMAMI in the dishes they have prepared. Details: https://kyodonewsprwire.jp/attach/202401195521-O3-fRz0KQ82.pdf - Other promotional activities Promotional website entitled "Unlock UMAMI Live Deliciously Healthy with Japanese KOJI" This website provides detailed information about the UMAMI promotion, including how one of the UMAMI accentuating ingredients "koji" can be used in combination with Japanese food ingredients and other fermented seasonings to create delicious dishes. Also, the website provides various contents including recipes for dishes to be offered by restaurants participating in the Restaurant Campaign, and shown on the "The UMAMI Match" program and other contents. Instagram promotion An Instagram account has been created to convey the appeal of Japanese food ingredients and fermented seasonings, describes the usages of koji, and introduces various recipes showing how to use other fermented seasonings in daily lives. Official Instagram Account: https://www.instagram.com/unlock_umami/ UNLOCK UMAMI PR Seminar Singapore A seminar describing the appeal and benefits of combining Japanese food ingredients and fermented seasonings was held for media and SNS influencers in Singapore. Explanations and basic information about koji and UMAMI, and an opportunity to sample various foods exemplifying Japanese food ingredients and fermented seasonings were also conducted at this seminar. Seminar details: Date and Time: January 15, 2024, 1:00 PM (Venue opened at 12:30 PM)Venue Location: Masa Saito Innovative. 6A Shenton Way, OUE Building, Downtown Gallery, #01-04. Singapore 068815Venue's website: https://www.masasaito.com/ja/location Guest restauranteurs: https://kyodonewsprwire.jp/attach/202401195521-O4-u28U3rYs.pdf Seminar program: What is UMAMI? What is Koji?- How are Koji and fermented seasonings related- How are fermented seasonings and Japanese foods related- About Japanese food and its healthy image - Tasting of menu items developed using Japanese food ingredients and fermented seasonings About JFOODO (The Japan Food Product Overseas Promotion Center) JFOODO (The Japan Food Product Overseas Promotion Center) was established by the Japanese government in 2017 with the aim of boosting the exports of Japanese agricultural, forestry, fishery and food products by branding them and promoting them widely around the world.
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