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Create a new integrated ecosystem of "education + technology + medical care" HONG KONG, April 3, 2024 /PRNewswire/ -- Neusoft Education Technology Co. Limited ("Neusoft Education" or the "Group", stock code: 9616.HK) is pleased to announce the annual results of the Group for the year ended 31 December 2023 (the "Reporting Period"). In 2023, in line with the development trend of China's education informatisation, digitalisation and intelligentisation, Neusoft Education kept on track of connotative development subject to high-quality school operation, strived to build and carry out the 4S characteristic service model, in order to enable client colleges and universities to improve their quality and thus providing diversified services for the lifelong learning, and to provide professional capacity improvement of other institutions and individual learners in the meantime. The group's various businesses maintained steady development, with annual revenue of approximately RMB 1.806 billion, a year-on-year increase of 16.6%; gross profit of approximately RMB 865 million, a year-on-year increase of 29.7%; adjusted net profit attributable to the company's owners was approximately RMB 429 million, a year-on-year increase 12.6%; basic earnings per share were RMB 0.66, a year-on-year increase of 11.9%. The dividend payout ratio was significantly increased in 2023, with the dividend per share increasing by 121.8% year-on-year to 36.6 Hong Kong cents. Continue to optimize the integration of industry and education and innovate, the formal education business developed steadily.In 2023, the comprehensive strength and brand influence of the three universities operated by Neusoft Education in Dalian, Chengdu and Guangdong had been further improved, attracting more high-quality students while maintaining a high registration rate. The total number of student enrolment in three universities reached nearly 57,000 after the competition of their enrolment, hitting a record high in size. Dalian University received the first prize of national-level teaching achievement award, which is the only national- level teaching achievement that was received in vocational education in Liaoning Province this time. In addition, public data from the employment management system of the education administration department, as of 31 December 2023, the implementation rate of their destination after graduation of the 2023 graduates of Dalian University and Chengdu University both exceeded 95%, and that of Guangdong University reached 90%. This once again demonstrated Neusoft Education's continued high-quality connotative development and innovative integration of industry and education. Technology empowerment provides strong support and further provide support for the expansion of Two Strategic Businesses.In 2023, following the digital transformation trend of education and the main line of technology empowering education, based on our practice and school-running accumulation of over 20 years in the IT field. The group had researched and developed a series of digital education products and accordingly built comprehensive product portfolio covering platforms, content, software and hardware, which provided a strong support for the expansion of Two Strategic Businesses. In 2023, Neusoft Education launched the first Meta-Universe Intelligent Healthcare Future Education Platform (元宇宙智慧康养未来教育平台) in China. The company also launched a series of software of Neusoft Education Intelligence Training Systems (东软智汇训练系统) and received widely attention from dozens of universities across the country. Based on the integration and upgrading of original practical training laboratories, Neusoft Education newly launched several practical training laboratories including Driverless Training Laboratory, E-commerce Big Data Training Laboratory and Traffic Big Data Training Laboratory, forming 23 practical training laboratories for ten academic majors. Neusoft Education provided a well-developed integrated solution for practical training of academic majors. To give full play to the advantages of OMO education model, the Group has developed and launched several online education platforms mainly based on Neusoft Education Online around the core or our self-developed products, forming an online and offline education ecology of "online courses + practical training + employment and entrepreneurship". As of 31 December 2023, the number of registered users and course learning users on Neusoft Education Online were over 1.7 million and over 150,000, respectively. Through cooperation relying on Neusoft Education characteristic 4S product service system, during the Reporting Period, the company sold 112 sets of education platforms and 19 sets of training laboratories to 104 colleges and universities; also, company has deepened the joint establishment cooperation on academic majors of larger scale and higher profit. Neusoft Education has been in cooperation with 62 colleges and universities on joint establishment of industrial colleges and academic majors, with a total of 280 cooperation projects, covering approximately 24,000 students. In 2023, the Group deepened and expanded the continuing education service business. The 2B training business has obtained more than 70 national, provincial, and municipal training base qualifications, and implemented 166 2B training programmes for 70 institutions in 20 provincial regions across the country, covering approximately 25,000 trainees, more than three times of the number of trainees in 2022. The Group continued to expand the brand radiation of 2C training business and the mode of OMO delivery, which provided training services for approximately 25,000 trainees. In addition, the Group has successfully been approved as one of the first batch of pilot units for the construction of a national-level university for the elderly and co-construction units of National Elderly University. Policy support has been stepped up, and the future of the industry is promising.Driven by the country's vigorous implementation of the educational digitalisation strategy, vocational education has ushered in multiple favorable policies. The growing rapidly "silver economy" is giving birth to a broad market space for health care and elderly education. Facing the future, the Group will build a new integrated ecosystem of "education + technology + medical care" and is committed to becoming China's leading education and health technology innovation service provider. The Group will strengthen the main business, the formal education business, establishing a cluster of advantageous majors focusing on "IT + Digital Media + Smart Elderly Care" to cultivate high-quality digital talents who possess a sense of social responsibility, innovative spirit, international vision and strong practical ability. Expand Two Strategic Businesses, the output of educational resources and continuing education services, build an intelligent education platform, a digital creative platform and an intelligent health care platform that integrates both 2B and 2C training services, innovate and improve product and service solutions based on the 4S service model, develop and optimise various educational resources, aiming to drive the scale development of Two Strategic Businesses. Actively expand the fields of elderly education and elderly health care, closely integrate the personalized needs of the elderly in the fields of learning, socialization and health, and create a new model of elderly education with the characteristic "LIFECARES", forming an innovative ecosystem in which education, medical care and elderly care are highly interactive, shared and integrated. CONTACT: Lin Wei, weilin@neuedu.com
The groupware provider, Cybozu, have established a new subsidiary for Kintone in Bangkok where they aim to onboard 500 companies onto their flagship workplace productivity platform in Thailand by 2025 Thailand's digital economy is expected to rise significantly by 2027 and is among the most dynamic economies in the region, with over 80% of its population online BANGKOK, April 3, 2024 /PRNewswire/ -- Cybozu Inc., a Japanese provider of groupware solutions for businesses, is pleased to announce today the opening of its subsidiary company, Kintone (Thailand) Co. Ltd., in Thailand. This marks a significant milestone for Cybozu as their Bangkok office will be the company's second subsidiary in the region after its Kuala Lumpur office, which opened in 2022. Above: Kintone’s Office Location at Mitrtown Office Tower in Bangkok, Thailand Kintone is Cybozu's flagship all-in-one customisable digital workplace platform built for teamwork, whose main aim is to help businesses manage data, tasks and communication for better workplace efficiency. They pride themselves on their flagship no-code software, which can be personalised to suit user demands across a range of functions, including customer relationship management, workflow management, asset management, human resources, approvals, operations and more. Kintone is also an award-winning company that was named as a SourceForge Top Performer in No-Code Development Platforms, and recognized in other global software rankings. Their centralised platform also addresses collaboration challenges such as app sprawls, which refers to companies adopting a plethora of apps, to the point of becoming counterproductive for employee productivity. Supported by Amazon Web Services (AWS), Kintone's overarching goal is to provide Thai organisations with needed flexibility and agility for workflow management. According to the Thailand Board of Investment, the country's digital economy is expected to rise to a quarter of GDP by 2027. Thailand is among the most dynamic economies in the region. Over 80% of its population is online, and over 99% of its companies are SMEs. This expansion is concurrent with an increasing demand for digital transformation solutions and interest in no-code solutions throughout Southeast Asia. "The establishment of a Kintone subsidiary in Thailand is a key step on our journey to expanding our user base throughout the region, and worldwide," said Namya Wayuparb, Managing Director of Kintone (Thailand), "By being closer to our partners and customers in Thailand, we can further develop our local sales and marketing operations while offering stronger, more effective support. I look forward to growing our office and hiring more local staff to assist with our efforts. In close collaboration with our regional headquarters in Malaysia, I believe Kintone can quickly become one of the most competitive digital workplace platforms for SMEs in Thailand." By committing to onboarding 500 companies in Thailand by 2025, Kintone aims to expand its current global user base. Cybozu and Kintone are also investing resources to better understand Thailand's business needs to service users across multiple industries. Coupled with the opening of the Bangkok office, Cybozu has long-term plans to hire local staff in order to further expand its market presence and customer base. This includes job functions in marketing and sales, which means more efficient support to local Thai clients and partners, as well as a healthy boost to Thailand's economy and employment market. About Kintone (Thailand) Co., Ltd. Kintone is a customizable digital workplace platform that lets you manage your data, tasks, and communication in one central place. Over 31,800 customers use Kintone's no-code platform with more than 2 million database and workflow applications custom built for their businesses. Kintone is provided by Cybozu Inc., a Tokyo-based public company founded in 1997. Kintone (Thailand) Co., Ltd. is operating out of Bangkok, Thailand. In addition to its direct sales channels, the company works closely with consulting and product partners providing Kintone throughout the country, as well as with regional headquarters in Malaysia. For more information on the Kintone Southeast Asia, please visit www.kintone.com/en-sea. Address: 944 Mitrtown Office Tower, Samyan Mitrtown, 25th floor, Unit No. S26086, Rama IV Road, Wangmai, Pathumwan Bangkok 10330 About Cybozu Inc. Established in 1997, Cybozu is one of Japan's leading groupware providers. Dedicated to fostering a society brimming with teamwork, they have designed software solutions that emphasise collaboration and efficiency. Their flagship product, the cloud-based platform Kintone, has become integral to many global businesses since its launch in 2011. Cybozu champions teamwork, a great work environment, and community support. For more information, please visit their website.
MCLEAN, Va., April 3, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that it has completed its acquisition of Satelles, Inc. The closing of this acquisition establishes Iridium as the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. Now referred to as Iridium® Satellite Time and Location (STL), the service joins the Iridium portfolio of solutions available for direct integration by the company's ecosystem of approximately 500 partners around the world. Iridium STL makes it easy to secure GPS and other GNSS-reliant systems' time-synchronized applications from vulnerabilities like spoofing and jamming, using small, low-cost hardware that doesn't require outdoor antennas. The solution helps secure critical infrastructure, data centers, 5G base stations and applications across the aviation, maritime, land mobile and IoT sectors. "The initial feedback we've gotten from partners in the short time since the initial announcement has made us even more excited about Iridium STL's potential. We're ready to step on the gas and expand the availability of Iridium STL to markets around the world," said Iridium CEO, Matt Desch. "With our experienced partner ecosystem and global footprint, this needed capability can quickly help make the critical services we all rely on every day more efficient, reliable and secure." Enabled by the Iridium satellite constellation's crosslinked LEO architecture, Iridium STL delivers truly global, secure time and location signals that are 1,000 times more powerful than GNSS constellations, works indoors and continues to work during regional GNSS system outages. Iridium anticipates the Iridium STL line of business will generate over $100 million in service revenue per year by 2030, with additional revenue from equipment and engineering. The closing of this transaction marks completion of the first acquisition of another company in Iridium's history. To learn more about Iridium, visit: www.iridium.com About Iridium Communications Inc. Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations, and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and launched its specialty broadband service, Iridium Certus®. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services, and partner solutions, visit www.iridium.com. Forward-Looking Statements Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the capabilities and potential revenue contribution of the Iridium STL service. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding integration of Satelles's operations and personnel, the development of and market for Iridium STL products and services, and Iridium's ability to maintain the health, capacity and content of its satellite constellation, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission ("SEC") on February 15, 2024, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements are based on information available to it as of the date of this press release and speak only as of the date of this press release, and Iridium undertakes no obligation to update forward-looking statements. Press Contact: Investor Contact: Jordan Hassin Kenneth Levy Iridium Communications Inc. Iridium Communications Inc. Jordan.Hassin@Iridium.com Ken.Levy@Iridium.com +1 (703) 287-7421 +1 (703) 287-7570 X: @Iridiumcomm
Report to be released at approximately 7:00 AM CEST on April 16, 2024 One live video webcast for analysts, investors, and journalists at 9:00 AM CEST STOCKHOLM, April 2, 2024 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the first quarter 2024 will be published at approximately 7:00 AM CEST on April 16, 2024. The company will issue a press release with the complete financial report attached, including tables, in PDF format. Following publication of the press release, the financial report will be available on Ericsson's website: www.ericsson.com/en/investors/financial-reports/interim-reports President and CEO Börje Ekholm and CFO Lars Sandström will comment on the report and take questions at a live video webcast at 9:00 AM CEST (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 on our website. NOTES TO EDITORS: FOLLOW US: Subscribe to Ericsson press releases hereSubscribe to Ericsson blog posts herehttps://twitter.com/ericssonhttps://www.facebook.com/ericssonhttps://www.linkedin.com/company/ericsson MORE INFORMATION AT:Ericsson Newsroommedia.relations@ericsson.com (+46 10 719 69 92)investor.relations@ericsson.com (+46 10 719 00 00) ABOUT ERICSSON: Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company's portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/ericsson/r/invitation-to-media-and-analyst-briefing-for-ericsson-q1-2024-report,c3952726 The following files are available for download: https://mb.cision.com/Main/15448/3952726/2697861.pdf Invitation to media and analyst briefing for Ericsson Q1 2024 report
SYDNEY, April 1, 2024 /PRNewswire/ -- STL [NSE: STLTECH], a leading optical and digital solutions company announced another milestone in its partnership with Vocus Group, a specialist fibre and network solutions provider in Australia. STL has been actively involved in collaboratively developing optical fibre solutions tailored to Vocus' goal of delivering high-speed connectivity across Australia. Vocus owns and operates more than 25,000 kms of fibre network that is purpose-built and managed for businesses and the Government. Its high-performance and secure network infrastructure connects people, businesses, government, and communities in Australia to the world. STL has been supporting Vocus in building, operating, and maintaining its extensive fibre network with its world-class optical networking solutions made sustainably at its "Zero Waste to Landfill" and "Zero Liquid Discharge" certified facilities. In the last three years, STL has supplied more than 1000 kms of optical fibre cable to Vocus and is committed to providing the most sustainable, quality products by being 'first in the world' to launch a range of externally certified Eco-labelled Optical Products. The new multi-year partnership will see increased usage of STL's ultra-slim profile Micro™ cables in Vocus' network, along with the use of STL's flagship Stellar™ fibre, the world's first bend-resilient fibre with backward compatibility to fibre found in legacy networks. Using such a bend-resilient fibre will improve Vocus network quality with lower losses, higher network availability and longer lifetime. "At Vocus, we believe connectivity should enable potential and, as a result, performance and reliability are key to the work we do to empower businesses and communities across Australia with superior network solutions," said Matt Walsh, Vocus' Chief Customer Officer. "STL's optical technology expertise, innovation and approach to sustainability are aligned with our operational, social and climate impact goals, and we look forward to continuing our partnership." Commenting on this engagement, Paul Atkinson, CEO - Optical Networking Business, STL, said: "Our collaborative efforts with Vocus in developing tailored optical fibre solutions reflect our shared commitment to delivering high-speed connectivity across Australia and resonates with our purpose of transforming billions of lives by connecting the world. We are confident that our advanced optical networking solutions can elevate Vocus' network quality, guaranteeing exceptional connectivity." About STL - Sterlite Technologies Ltd: STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. Read more, Contact us, stl.tech | Twitter | LinkedIn| YouTube For more information, contact: Media RelationsSoumi Dassoumi.das1@stl.tech Investor RelationsChetan Wani chetan.wani@stl.tech
70% seek SASE and SD-WAN convergence for simplified network security management SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ -- CIOs, CISOs and IT leaders are drowning in complexity as they manage hybrid workforces, cloud adoption and the ever-evolving threat landscape. A new report from Aryaka®, the leader and first to deliver Unified SASE as a Service, reveals that Secure Access Service Edge (SASE) and Software-Defined Wide Area Networking (SD-WAN) are rapidly becoming essential tools for navigating this complex environment. The Secure Network Transformation Report 2024 surveyed 202 IT, security and network professionals, director-level and above, across North America, EMEA and Asia. The findings paint a picture of the industry's changing landscape and highlight key emerging trends: Hybrid Everything Drives Demand for Flexibility: The rise of hybrid work arrangements, coupled with hybrid infrastructure and security deployments, is fueling the need for adaptable and secure network solutions. A significant 81% of respondents say hybrid work is driving demand for SASE and zero-trust networking. This highlights the critical role these technologies play in connecting a complex, hybrid world. SASE and SD-WAN: The Pillars of Modern Network Security: SASE and SD-WAN are no longer seen as niche solutions. The survey found that a staggering 84% of respondents believe SASE is either "mature" or "somewhat mature," with an even higher number (91%) saying the same about SD-WAN. This maturation positions SASE and SD-WAN as trusted, complementary tools for modern network security strategies. SASE integrates security features with SD-WAN's network optimization capabilities, ultimately simplifying management and strengthening security. Network and Security Convergence: A sizable majority (70%) of respondents indicated that they see value in converging SASE and SD-WAN solutions. The primary benefits for doing so are multi-pronged. 34% want more robust network operations and security, 24% want less operational burden and 19% want vendor consolidation. Zero-Trust Networking is a Cornerstone of Hybrid Work Security: As more organizations embrace hybrid work, securing access points becomes paramount. The survey revealed that 64% of respondents consider zero-trust security a crucial component of SASE for hybrid work deployments. The Secure Network Transformation Report 2024 also delves deeper into other industry trends. For example, the exponential growth of cloud-based applications and services, including Artificial Intelligence (AI), is placing a notable strain on traditional network architectures. These modern applications require secure, high-performance connections that can dynamically adapt to changing traffic patterns. The report found that 67% of respondents see managed services and SASE playing a greater role in managing these complex environments. Additionally, the report explores the shift in enterprises moving away from expensive legacy Multiprotocol Label Switching (MPLS) services, with 76% planning to eliminate MPLS, either in the immediate future or in the next 2-3 years. Moreover, 10% of respondents have already eliminated MPLS completely. "Our report shows that the IT and network security landscape is undergoing a major transformation driven by the rise of hybrid work models and the ever-increasing adoption of AI and cloud-based applications and services," said Pete Harteveld, Chief Revenue Officer at Aryaka. "Aryaka is listening to its customers and the IT industry at large to deliver innovative solutions that address businesses' most pressing needs. Our Unified SASE as a Service combines a unified single-pass architecture, global private network backbone, and security, observability and application performance capabilities into a single platform. That alone is unprecedented, but we also deliver it as a service, providing the security as well as the flexibility and affordability today's IT leaders require." Aryaka's Secure Network Transformation Report 2024 offers a comprehensive analysis of the findings and explores the implications for IT, network and security leaders. To download the full report, please visit: https://www.aryaka.com/reports-and-guides/secure-network-transformation-report-2024/ Additional Resources:For more on Aryaka, please visit: https://www.aryaka.com/Visit the Aryaka blog: https://www.aryaka.com/blog/Follow Aryaka on X: @AryakaNetworksVisit Aryaka on LinkedIn: https://www.linkedin.com/company/aryaka-networks/ About AryakaAryaka is the leader and first to deliver Unified SASE as a Service, the only SASE solution designed and built to deliver performance, agility, simplicity and security without tradeoffs. Aryaka meets customers where they are on their unique SASE journeys, enabling them to seamlessly modernize, optimize and transform their networking and security environments. Aryaka's flexible delivery options empower enterprises to choose their preferred approach for implementation and management. Hundreds of global enterprises, including several in the Fortune 100, depend on Aryaka for cloud-based software-defined networking and security services. For more on Aryaka, please visit www.aryaka.com. Technology Media/Analyst ContactLee RegalLumina Communications for Aryakaaryaka@luminapr.com Channel Media/Analyst ContactKhali HendersonSenior PartnerBuzzTheory (for Aryaka)khenderson@buzztheory.com480.848.6726
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