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Company Aims to Advance Business Portfolio by Transitioning to Platform-Based Service Business Model, Accelerating B2B Business and Procuring New Growth Engines SEOUL, South Korea, July 12, 2023 /PRNewswire/ -- LG Electronics (LG) declared its vision to transform from its current position as a top global home appliance brand to a "smart life solutions company" that can connect and expand customers' diverse experiences while driving for global annual revenues of KRW 100 trillion by 2030. [Image1] LG Vision Announcement In a landmark speech today at the LG Sciencepark in Seoul, South Korea, CEO William Cho outlined the bold vision built on three growth engines: pursuing new platform-based service businesses through the advancement of business portfolio, accelerating business-to-business (B2B) and exploring new business areas such as electronics vehicle charging and digital health. The CEO identified electrification, servitization and digitalization as key inflection points LG will focus on to achieve rapid mid- to long-term growth. "LG will continue to pursue its bold vision to transform and leap forward as a smart life solutions company that connects and expands customers' various spaces and experiences, rather than resting on its current position as the best home appliance brand that provides quality products," said CEO Cho. "We will establish a brand-new LG by reinventing the way we work and communicate toward this goal." The CEO also highlighted the company's financial objectives. "We will achieve Triple 7, which encompasses an average growth rate and operating profit of 7 percent or more as well as enterprise value to EBITDA ratio of 7," said the CEO. "With the goal of raising sales from KRW 65 trillion last year to KRW 100 trillion by 2030, we will establish ourselves as a company that is properly recognized by the market and customers." Cho said LG will focus on the transition to the platform-based service business model, acceleration of B2B areas and procurement of new growth engines based on competitive edge as three pillars to focus on customer experience. By 2030, the proportion of these three pillars in sales and operating profit is expected to increase to more than 50 percent. The company plans to invest more than KRW 50 trillion by 2030 for the qualitative growth of the business, including the advancing of the business portfolio led by the three new growth engines. This includes an R&D investment of more than KRW 25 trillion, facility investment of more than KRW 17 trillion and strategic investment of KRW 7 trillion. The company is also accelerating the expansion of its B2B business, the CEO explained. LG's rich understanding of customers as well as the know-how to communicate and empathize with customers that have been accumulated in the B2C business, which has seen continuous innovation over the past 65 years, will be fully expanded to commercial, mobility and virtual spaces. Cho highlighted how LG is accelerating company-wide changes from corporate culture to brand communication at every customer contact point with the ultimate goal of becoming a brand that warms the hearts of customers and puts smiles on their faces while enabling customers to feel the value and philosophy of Life's Good. The company is also driving ESG management activities to fulfill its responsibilities as a global corporate citizen. For more information on LG's future vision and business strategy including backgrounder, please visit LG Newsroom. About LG Electronics, Inc. LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG's four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global revenue of over KRW 80 trillion in 2022. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, service robots, automotive components and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news. [Image2] LG Vision Announcement [Image3] LG Vision Announcement
TOKYO, July 11, 2023 /PRNewswire/ -- Tokyo Trading Card Exchange, Inc. founded by Alex Aram unveils Cardova's English website, providing global access to Japan's 210-billion-yen ($1.6 billion equivalent) trading card market. Cardova is an innovative digital platform designed for the "storage," "trading," and "information exchange" of authenticated trading cards. The Japanese trading card market has been steadily rising, growing from 100 billion yen ($0.9 billion equivalent) transaction value in 2018 to 210 billion yen ($1.6 billion equivalent) in 2022, with high projected growth in the upcoming years. Japanese trading cards with well-known characters like "Pokémon," "Yu-Gi-Oh," and "One Piece" are gaining traction among people across the world. Cardova has launched its English website as a response to the demand from global collectors and enthusiasts ensuring that geographical barriers don't hamper users. Key Features of Cardova: Vault: The vault feature allows users to deposit unlimited cards at any time in secure facilities with optimal temperature - 20°C, humidity - 50%, and 24-hour surveillance. Auctions: Cardova simplifies the process of selling and buying authenticated trading cards, providing a seamless and secure experience. Digital data stores card information and authentication details, enabling quick listing for sale. Auctions are scheduled for a July 2023 launch. Trade: Cardova facilitates online card trades (i.e., exchanges) among users for cards available in the Vault, ensuring a safe and transparent transaction environment. The trading feature is scheduled to launch in September 2023. Payment from Overseas: Cardova pricing shall be in Japanese yen. For convenience, credit cards and bank transfers are also accepted in equivalent US dollars. Terms of Use: For the initial registration, users must verify their identities by providing any of the following documents – driver's license, resident card, driving history certificate, or passport. The services of Cardova will be accessible upon verification of identity. However, instructions can be viewed even if not logged in. About Cardova: Cardova, launched by Tokyo Trading Card Exchange, Inc., is a pioneering digital platform that revolutionizes the way authenticated trading cards are stored, traded, and information is exchanged. Social Media Channels: Website: https://www.cardova.co.jp/ Twitter: https://twitter.com/cardova_global
TAIPEI, July 11, 2023 /PRNewswire/ -- Getac Technology Corporation, a leading producer of rugged technology, today announced that two new IDC MarketScape reports named the company a worldwide Leader in Rugged Mobile Devices and Rugged Tablet and PC. Two new IDC MarketScape reports named Getac a worldwide Leader in Rugged Mobile Devices and Rugged Tablet and PC The reports, "IDC MarketScape: Worldwide Rugged Mobile Devices 2023 Vendor Assessment1 and IDC MarketScape: Worldwide Tablet and PC 2023 Vendor Assessment2," noted, "Despite challenges, the future of rugged mobility is secure. Rugged devices perform tasks that consumer-grade devices cannot, and they excel in highly specialized enterprise workflows. As more businesses seek to enable larger segments of their workforce, frontline workers present a clear opportunity for growth." "We believe these results are further proof of Getac's leadership in setting the standard in rugged computing devices, software, accessories and professional services tailored to each customer," said James Hwang, President of Getac Technology Corporation. "We collaborate proactively with our customers to resolve operational challenges at every level to ensure performance in extreme working environments. This results in a lower total cost of ownership because Getac devices are designed from the ground up to handle challenging conditions." The IDC MarketScape noted that "Enterprise organizations that require either Android- or Windows-based fully rugged solutions designed for a multitude of frontline use cases should consider Getac high on their list of rugged device providers." Additional specific strengths of Getac featured in the reports include: Extensive solutions portfolio: "Getac offers an extensive portfolio of rugged hardware that is differentiated across multiple OSs, form factors, and screen sizes. In addition, Getac has differentiated offerings in rugged in-car video and body-worn cameras not offered by its direct competitors. These adjacent offerings create potential for additional expansion into public safety and law enforcement." Vertically integrated supply chain: "Getac designs and manufactures its own products and works with Getac Holdings' subsidiaries to make key critical components, including motherboards, batteries, mobile computing chassis, and copolymer mechanical components for a vertically integrated supply chain." Android Enterprise Recommended: Getac's participation in the Android Enterprise Recommended program, ensures "its Android devices will receive timely security updates and OS support during deployment life cycles." For more information, please download the IDC MarketScape excerpt. 1"IDC MarketScape: Worldwide Rugged Mobile Devices 2023 Vendor Assessment", doc#US50689523, June 2023.2"IDC MarketScape: Worldwide Rugged Tablet and PC 2023 Vendor Assessment", doc#US50776823, June 2023. About IDC MarketScapeIDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors. About GetacGetac Technology Corporation is a global leader in rugged mobile technology and intelligent video solutions, including laptops, tablets, software, body-worn cameras, in-car video systems, digital evidence management and enterprise video analytics solutions. Getac's solutions and services are designed to enable extraordinary experiences for frontline workers in challenging environments. Today, Getac serves customers in over 100 countries spanning defense, public safety, ambulance, fire & rescue, utilities, automotive, natural resources, manufacturing, transport, and logistics. For more information, visit: http://www.getac.com. Participate in the Getac Industry blog or follow the company on LinkedIn and YouTube. Getac and Getac logo are trademarks of Getac Holdings Corporation or its affiliates. Other brands or trademarks are the property of their respective owners. ©2023 Getac Technology Corporation.
SHENZHEN, China, July 11, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping"), today reported a 95% increase in contract revenue value for its cloud-based product, software and advertising businesses for the first half of 2023 on a year over year basis. The Company has received contracts totaling RMB 106 million (approximately US$14.65 million) in the first half of 2023, all of which are expected to be completed and recognized as revenue within fiscal year 2023. Growth was led by a post-COVID-19 reopening, and a resumption in both commercial and travel activities, which has led to a rebound in demand from Taoping's city partner ecosystem and comprehensive portfolio of core high-value, high-traffic area software development and advertising business solutions, which leverage the Company's powerful new Cloud Nest AI system and intelligent Cloud platform. Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "2023 started off at a record pace for us and we expect to keep the driving momentum for the remaining of the year, as we layer in new products and solutions, including our off-grid wastewater solutions. This is an exciting time for us as our team has done an excellent job staying focused during the challenging COVID-19 period. Throughout this time, we have maintained a strong connection with our valued customers, ensuring that we understand and address their evolving needs. Simultaneously, we have remained committed to investing in the advancement of cutting-edge Smart City solutions, which seamlessly integrate with our AI-driven intelligent Cloud platform. This deliberate strategy allows us to offer innovative and comprehensive offerings that deliver unparalleled value to our customers." "We are filled with optimism regarding our impressive progress thus far, but our enthusiasm reaches even greater heights as we contemplate the promising prospects that lie ahead. This stems from our advantageous competitive position, distinctive range of products, and robust financial standing." About Taoping Inc. Taoping Inc. (Nasdaq: TAOP) has a long history of successfully leveraging technology in the development of innovative solutions to help customers in both the private and public sectors to more effectively communicate and market to their desired targets. The Company has built a far-reaching city partner ecosystem and comprehensive portfolio of high-value, high-traffic areas for its products, which are aligned together with Taoping's smart cloud platform, cloud services and solutions, new media and artificial intelligence. For more information about Taoping, please visit www.taop.com. You can also follow us via LinkedIn, Twitter or YouTube. Safe Harbor Statement This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our potential inability to achieve or sustain profitability or reasonably predict our future results due to our limited operating history of providing smart cloud services, the effects of the global Covid-19 pandemic, the emergence of additional competing technologies, changes in domestic and foreign laws, regulations and taxes, uncertainties related to China's legal system and economic, political and social events in China, the volatility of the securities markets; and other risks including, but not limited to, those that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and TAOP undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.
HOLMDEL, N.J., July 11, 2023 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation, has announced that ZWEI, which operates 50 marriage consulting agencies throughout Japan, has developed a unique online matchmaking system powered by the Vonage Video API. Through the COVID-19 pandemic and beyond, ZWEI has been actively conducting online matchmaking services using remote tools to provide members with opportunities to meet people. With the demand for online matchmaking increasing, ZWEI members were using an outdated tool to connect remotely, which was time-consuming and cumbersome. To solve this problem, ZWEI integrated the Vonage Video API into its existing customer interface, providing a wealth of built in features and capabilities without system development costs. "With the Vonage API embedded into our system, our members can conduct online matchmaking seamlessly from the members-only website, eliminating the burden of learning how to use a separate tool and making it that much easier to meet people online," said Noboru Takahashi, System Development Group Manager, ZWEI Inc. "After the release of this video function, we received positive feedback from members – things like – 'I have less anxiety and hassle about online matchmaking,' and 'this allows me to meet people from far away online, which I had previously avoided.'" Continued Takahashi: "To realize our mission of nurturing the happiness of as many couples as possible, we are continuously developing our core system with each partner company and evolving to improve convenience for our members. With the Vonage Video API, we were able to build an ideal system in a short period of time with the full support of the Vonage team's knowledge and expertise. We have 50 branches, the largest number in the industry, and by utilizing this functionality, we will further create encounters that transcend distance." Vonage Communications APIs allow developers to build better connections, conversations and engagement directly into their existing applications and devices. Businesses today need to leverage technology to accommodate growing consumer expectations to engage on their channels of choice, and video has become a preferred communications channel for innovative businesses like ZWEI to engage with customers who want to use video to connect via a personalized and seamless mobile or web experience, from anywhere. Tetsuro Nishimura, Managing Director Japan for Vonage, said, "COVID-19 regulations sparked the acceleration of digital transformation, driving worldwide demand for online services that once predominately took place face-to-face - and that demand has not slowed down. With the Vonage Communication Platform, we are helping businesses like ZWEI quickly respond to and resolve this demand. ZWEI users can now easily and seamlessly use online video on its service without the need for external apps, maximizing the user experience. The Vonage Video API also provides a variety of functions and external integrations that enable transcription and real-time translation, which enables ZWEI to continue to expand beyond video functionality to provide scalable and flexible engagement for customers." To learn more about Vonage, visit www.vonage.com. About VonageVonage, a global cloud communications leader, helps businesses accelerate their digital transformation. Vonage's Communications Platform is fully programmable and allows for the integration of Video, Voice, Chat, Messaging, AI and Verification into existing products, workflows and systems. The Vonage conversational commerce application enables businesses to create AI-powered omnichannel experiences that boost sales and increase customer satisfaction. Vonage's fully programmable unified communications, contact center and conversational commerce applications are built from the Vonage platform and enable companies to transform how they communicate and operate from the office or remotely - providing the flexibility required to create meaningful engagements. Vonage is headquartered in New Jersey, with offices throughout the United States, Europe, Israel and Asia and is a wholly-owned subsidiary of Ericsson. To follow Vonage on Twitter, please visit www.twitter.com/vonage. To become a fan on Facebook, go to facebook.com/vonage. To subscribe on YouTube, visit youtube.com/vonage. Marriage Consulting Agency ZWEI (https://www.zwei.com/)ZWEI, a major marriage consulting agency with the industry's largest network of 50 branches nationwide, our reliable marriage consultants will not only introduce you to a potential partner, but will also carefully support you through matchmaking, dating, and marriage. Through data matching, we are committed to introducing a partner every month who is compatible with both of your desired conditions, and have nurtured a cumulative total of 162,000 successful marriages. As a directly managed brand of IBJ (https://www.ibjapan.jp/), a leading company in the marriage activity industry, we will continue to nurture as many happy couples as possible nationwide.
SHENYANG, China, July 11, 2023 /PRNewswire/ -- The 8th China (Shenyang) World Congress of Robotics kicked off on July 7 with the theme "Intelligent manufacturing, Creating the Future Together". Wang Tianran, academician of the Chinese Academy of Engineering, and about 300 domestic and foreign experts and scholars, as well as business representatives in the fields of robotics and intelligent manufacturing gathered in Shenyang. 130 companies on the robotics industrial chain participated in activities such as project-matchmaking and contract-signing. The 8th China (Shenyang) World Congress of Robotics convened in Shenyang. Hosted by the Shenyang Municipal People's Government, the congress is consisted of summit forums, roundtable dialogues, matchmaking negotiations, and on-site visits to showcase the latest research results of robotics and promote exchanges and cooperation in talents, science and technology, and industry. At the forum, distinguished guests such as secretary-general of the China Machinery Industry Federation (CMIF) Song Xiaogang, and president of the Shenyang Branch of the Chinese Academy of Sciences Yu Haibin delivered keynote speeches. At the project matchmaking venue of SIASUN Wisdom Park, a wide range of innovative technologies and products were displayed. At the International Robot Show and International Robot Challenge, 64 enterprises and institutions from both home and abroad showcased more than 200 innovative products in the fields of intelligent manufacturing and intelligent factory, machine identification and information sensing, and 300 young contestants participated in robot creativity and technical challenges. At present, the city of Shenyang is giving full play to the spearheading role of leading enterprises such as Saisun and the advantages of the manufacturing scenarios, so as to expand the scale of production and application. By relying on scientific research institutes to strengthen researches on key and core technologies, and by leaning on the construction of specialized industry parks as support, steps are taken to enhance the deep integration of industrial chains, innovation chains, talent chains, capital chains, policy chains and service chains, in order to accelerate the establishment of an internationally competitive robot industry base. Image Attachments Links:Link: https://iop.asianetnews.net/view-attachment?attach-id=441503Caption: The 8th China (Shenyang) World Congress of Robotics convened in Shenyang.
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