BARCELONA, Spain, March 9, 2025 /PRNewswire/ -- During MWC Barcelona 2025, the Ministry of Technology and Science of Zambia joined hands with Huawei in launching the global showcase of Zambia's smart village at the government industry forum titled Secured, Sovereign & Synergized Network-Cloud Strategy Accelerating National Digitalization. Over 200 industry leaders and technical experts in public services gathered at the event to discuss national transformation paths driven by digital technologies. Ministry of Science and Technology of Zambia and Huawei Launch the global Smart Village Showcase (Left to right: Victor Guo, President of Sub-Saharan Africa Enterprise Business, Huawei; Li Junfeng (Wind), CEO of Global Public Sector BU, Huawei; Felix C. Mutati, Minister of Technology and Science, Zambia; Brilliant Habeenzu, Permanent Secretary of Technology and Science, Zambia; David Wang, Vice President of Corporate Communications, Huawei ) In July 2024, the first smart village site in Zambia was successfully delivered after 30 days of construction. This project has provided electricity and Internet access to the village as well as achieving telemedicine and remote teaching. Governments worldwide are accelerating the shift toward AI-driven intelligent public service upgrades. During his speech, Li Junfeng, Vice President of Huawei and CEO of Global Public Sector BU, emphasized that the digital transformation of governments is crucial for enhancing national capabilities and improving the well-being of citizens. AI is emerging as a key driver in this digital transformation. The extensive use of the DeepSeek model signifies not just a technological advancement, but also a fundamental shift in production dynamics. Huawei collaborates with international partners to capitalize on opportunities and propel digital government towards a smarter and more sustainable future. Li Junfeng (Wind), Vice President of Huawei and CEO of Global Public Sector BU, delivering his speech At the forum, Koh Hong-Eng, Global Chief Public Services Industry Scientist of Huawei, invited various guests to discuss national digital transformation. Felix C. Mutati, Minister of Technology and Science of Zambia, mentioned that the Smart Villages Project aligns seamlessly with Zambia's vision 2030. Through smart education, we are not only empowering the next generation with knowledge but also equipping them with the digital skills required to thrive in the fourth industrial revolution. The digital transformation of Zambia is not only about technology — it is about the people, progress, and potential. It is about empowering the communities, bridging inequalities, and creating a future where every Zambian can contribute meaningfully to national development. Koh Hong-Eng, Global Chief Public Services Industry Scientist interacting with guest speakers (Left to right: Rose Pola Pricemou, Minister of Posts, Telecommunications and the Digital Economy, the Republic of Guinea; Vito Epis-copo, Deputy Mayor of the City Council of Granada, Spain; Dr. Erol Özgüner CTO of Istanbul Metropolitan Municipality, Türkiye; Felix C. Mutati, Minister of Technology and Science, the Republic of Zambia; Koh Hong-Eng, Chief Scientist of Huawei Global Public Sector BU ) Huawei adheres to the concept of "Accelerating the Intelligence of Governments and Public Services, Building a Cognitive Society Together", and is constantly broadening its business scenarios, advancing the extensive use of digital technologies to achieve the vision of "excellent governance, better livelihood, and heightened economy", and support governments globally in establishing an equitable, efficient, and sustainable digital society.
BARCELONA, Spain, March 8, 2025 /PRNewswire/ -- On March 6, 2025, the Tower and Fibre Summit, sponsored by Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), took place at the Barcelona International Convention Centre. The event featured a keynote address by YOFC's Senior Vice President, Jan Bongaerts, titled "Leading a New Future with Fibre." In his speech, Jan outlined YOFC's commitment to harnessing cutting-edge technologies and comprehensive industry expertise to strengthen the digital infrastructure in the AI era. He also emphasized the company's dedication to extending fibre connectivity to every corner of the globe. Jan Bongaerts highlighted the exponential growth in global data traffic driven by the deep integration of AI technology across multiple sectors. He noted that generative AI applications, ultra-high-definition videos, autonomous driving, and the industrial internet are driving the need for higher network transmission rates, increased capacity, and lower latency. With a focus on ultra-high speed, low latency, and high density, the company has unveiled next-generation fibre optic cable solutions designed to meet these expectations across diverse scenarios, providing strong support for the development and build-out of global digital infrastructure. With its ultra-low attenuation and large effective area, the G.654.E fibre significantly enhances the performance and reach of 400G/800G ultra-high-speed transmission systems. As one of the few global entities proficient in the mass production technology for this technology, YOFC has gained full control over its entire industrial chain, positioning itself as a leader in both production capacity and market share. This fibre is now integral to network infrastructure projects for major operators such as China Mobile, China Telecom, China Unicom, and the State Grid, and is being deployed in several countries including the Philippines and Brazil. In response to the surging demand for short-distance, high-speed interconnections in AI computing centers, YOFC has launched its OM4/OM5 high-end multimode fibre. This advanced fibre supports a broader wavelength range and higher bandwidth, addressing the evolving needs for data center transmission upgrades to 400G/800G and even 1.6T. Utilizing its digital and intelligent manufacturing platform, YOFC can produce these high-quality, high-end multimode fibres on a large scale, reinforcing its leadership in the global market. In this new era of AI, the interconnection of massive devices has intensified the demand for maximizing fibre space efficiency. YOFC's proprietary multi-core fibre addresses this need by integrating multiple independent cores within a single fibre. This innovation significantly boosts the transmission capacity of single-fibre communication systems, potentially increasing capacity by several dozen times. It offers a promising solution to the capacity bottlenecks facing future optical communication systems. Hollow-core fibre, with its transmission speed approaching the speed of light and near-zero latency, represents the optimal choice for future ultra-high-speed, low-latency communications. YOFC's capabilities in the mass manufacturing of extended-length, ultra-low-loss hollow-core fibre are at the forefront of the industry. As a result, the company is well-positioned to deliver premium products suitable for commercial applications in large-scale settings. Amid the rapid advancement of AI and digital technologies, YOFC remains at the forefront, with innovation as its cornerstone. The company is dedicated to partnering with global leaders to develop a more efficient, sustainable, and inclusive optical communication network. By doing so, YOFC aims to lay a new groundwork for AI and drive significant progress in global digital transformation.
WASHINGTON, March 8, 2025 /PRNewswire/ -- Compal Electronics (Compal; Stock Ticker: 2324.TW), in collaboration with APAL, will showcase its latest NTN IoT technology and diverse applications at Satellite 2025, the premier global satellite industry event, from March 10 to 13, 2025 (Booth #2353). The exhibition will feature the APAL Hestia NTN IoT Dongle and its innovative use cases. As APAL's strategic partner, Compal will demonstrate IoT solutions designed for Non-Terrestrial Networks (NTN), providing stable connectivity for remote areas and global IoT demands, overcoming traditional network limitations. NTN IoT satellite communication technology is utilized across various sectors, including smart logistics, maritime communications, precision agriculture, green energy monitoring, environmental monitoring, and disaster response. These applications enhance industry intelligence and resilience, facilitating seamless global connectivity. Official U.S. Launch of the Hestia NTN IoT Dongle APAL, a global enterprise and IoT solutions provider, will officially announce the U.S. launch of the Hestia NTN IoT Dongle, which will be available on Amazon. This expansion underscores APAL's commitment to delivering innovative connectivity solutions for mobile assets and IoT applications. Product Highlights: Redefining IoT Connectivity The Hestia NTN IoT Dongle seamlessly integrates satellite communications with terrestrial networks, supporting 3GPP NTN IOT with satellite two-way communication, and terrestrial network such as: LoRaWAN, WI-SUN FAN and BLE MESH and extended connectivity. This ensures uninterrupted connectivity even in areas without traditional mobile network coverage. Key Advantages: Global Seamless Coverage: Ideal for remote environments such as oceans, deserts, and mountainous regions. Two-Way Communication: Supports satellite uplink and downlink for remote device control. Ultra-Low Power Consumption: Designed for long-term standby, meeting outdoor deployment needs. Plug-and-Play: Built-in Modbus RS485 interface ensures compatibility with industrial and IoT devices without complex configurations. APAL states: "The launch of Hestia marks the beginning of an 'always-connected' IoT era. Whether for agricultural monitoring, cross-border logistics, or emergency communications, we provide reliable and cost-effective solutions." Strategic Collaboration: The Future of Smart Energy Management APAL also announced a strategic partnership with Creative5, Inc. to jointly enter the rapidly growing Satellite IoT market. The companies will leverage their technological strengths to develop smart energy management solutions for remote areas, including applications in UAVs, Unmanned Surface Vehicles (USVs), and other future technologies. The collaboration will focus on energy-intensive scenarios, integrating LoRaWAN with NTN communications for applications such as satellite-enabled smart meters, agricultural and fishery monitoring, and disaster response. By enabling real-time data transmission and efficient energy management, this initiative aims to enhance operational efficiency and reduce costs. U.S. Launch on Amazon To accelerate market expansion, the Hestia NTN IoT Dongle will be available for purchase on Amazon starting March 2025. The initial launch will feature the standard NTN version, followed by NTN+LoRaWAN, WI-SUN FAN and BLE MESH variants. Enterprise customers can also customize solutions via the APAL website, with value-added services such as data analytics software integration. Satellite 2025: A Grand Showcase in Washington, D.C. Compal will debut innovative Satellite Solutions and Hestia Dongle at Satellite 2025 in Washington, D.C., from March 10-13 (Booth #2353), demonstrating: Smart Agriculture: Integrating satellite communications with drones to collect field sensor data via LoRaWAN for precision irrigation. Emergency Rescue: Deploying emergency communication stations in remote areas for real-time first-response alerts. Energy Management: Utilizing smart meters and energy management platforms to enhance renewable energy efficiency and cost savings. Transport Tracking: Enabling real-time tracking of intercontinental shipping containers, solving the "last-mile" data gap in logistics. Visit Compal and APAL at Booth #2353 to explore the future of satellite-enabled IoT connectivity. About Compal Established in 1984, COMPAL has grown to the worldwide leading computer and smart devices manufacturer, which is ranked as a Taiwan Top 6 large scale manufacturer and a Global Fortune 500 company. COMPAL invests in product diversification for years and starts its 5G technologies business since 2018. It offers wild solutions and complete portfolio, including 5G O-RAN, 5G small cells, 5G wireless modules as well as 5G smart wearable devices, satellite user terminal equipment and IoT solutions. With a comprehensive product portfolio that covers various domains, COMPAL is steadily advancing its leadership position in the field of 5G applications. More information: https://www.compal.com/5g/ About APAL Established in 2019, with the advanced R&D/manufacturing of Compal and vertical integration capabilities in global distribution of Palcom, APAL provides enterprise customers one-stop services, and optimize processes such as workflow, manufacturing, and design. This enables us to fulfill the needs of different vertical applications in the field of telecommunication and IoT. More information: https://www.apaltec.com/hestia/
TAIPEI, March 7, 2025 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced that the Company has entered into and executed an agreement to purchase a US$2,600,000 principal amount of convertible promissory note (the "Note") issued by Aeolus Robotics Corporation ("Aeolus"), a global company primarily engaged in designing, manufacturing, processing and sales of intellectual robotics. The Note, bearing interest at a rate of 4.5% per annum, shall be due in 36 months, and all or a portion of the principal amount under the Note may be convertible at GigaMedia's option upon maturity, upon prepayment, or when certain events occur, into ordinary shares of Aeolus at a price of US$0.02 per share. The purchase and sale of the Note exhibits GigaMedia and Aeolus's mutual commitment to a longer-term strategic relationship. GigaMedia continually reviews its investment alternatives and may enter into additional transactions of Aeolus's securities in accordance with applicable laws. About GigaMedia Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia's digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com. The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the Company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in April 2024.
BEIJING, March 7, 2025 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced the pricing of its US$2 billion in aggregate principal amount of exchangeable bonds due 2032 (the "Bonds"). The Bonds were offered in offshore transactions outside the United States to certain non-U.S. persons (the "Bonds Offering") in reliance on Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act"). The Company expects to close the Bonds Offering on or about March 12, 2025, subject to the satisfaction of customary closing conditions. The Bonds will reference ordinary shares of Trip.com Group Limited that are listed on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") (HKEX: 9961) ("Trip.com Shares"). Holders of the Bonds may not exchange their Bonds prior to the first anniversary of the issue date of the Bonds. If an event of default has occurred and is continuing, holders of the Bonds may exchange the Bonds at any time. Between the first anniversary of the issue date and the date falling 6 months prior to the maturity date of the Bonds, holders of the Bonds may exchange the Bonds into cash only upon the satisfaction of certain contingencies. Thereafter and until the second scheduled trading day preceding the maturity date, holders may exchange the Bonds into cash at any time. Subject to certain conditions, the Company may elect to deliver Trip.com Shares held by the Company in lieu of cash or a combination of cash and Trip.com Shares. The Bonds are not exchangeable for American depositary shares of Trip.com Group Limited (Nasdaq: TCOM) ("Trip.com ADSs"). The initial exchange ratio of the Bonds will be 1,107.0457 Trip.com Shares per US$100,000 principal amount of Bonds (which is equivalent to an initial exchange price of approximately HK$702.13 per Trip.com Share and represents an approximately 43% exchange premium over the per-share price in the delta placement described below, which was HK$491.00 per Trip.com Share). The initial exchange ratio represents the exchange property referenced by the Bonds as of the issue date, and such exchange property will be subject to adjustment on the terms set forth in the Bonds. The Bonds will not bear regular interest, and the principal amount of the Bonds will not accrete. The Bonds will mature on March 12, 2032, unless repurchased, redeemed, or exchanged in accordance with their terms prior to such date. Holders of the Bonds may require the Company to repurchase all or part of their Bonds for cash on March 12, 2029 at a repurchase price equal to 100% of the principal amount of the Bonds to be repurchased. In addition, the Company may redeem the Bonds subject to certain conditions. The Company intends to use the net proceeds from the Bonds Offering for repayment of certain existing indebtedness, payment of interest and general corporate purposes. The Bonds have not been and will not be registered under the Securities Act or any state securities laws. They may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Trip.com Shares currently held by the Company are "restricted securities" (within the meaning of Rule 144 under the Securities Act). Any Trip.com Shares that the Company may elect to deliver upon exchange of the Bonds shall be freely transferable for the purposes of the Securities Act. The Bonds are expected to be listed on the Open Market segment of the Frankfurt Stock Exchange. Investor Hedging Transactions The Company expects that certain investors in the Bonds who employ a convertible arbitrage strategy may establish a short position to hedge their exposure to the Bonds by short selling Trip.com Shares and/or Trip.com ADSs or by entering into short derivative positions with respect to such securities. Any such activity could take place shortly after the Bonds Offering and could decrease (or reduce the size of any increase in) the market price of Trip.com Shares, Trip.com ADSs or any securities referencing such securities. Further, such investors may dynamically modify their hedges from time to time while the Bonds are outstanding, by selling or purchasing Trip.com Shares and/or Trip.com ADSs in secondary market transactions or entering into equivalent derivative positions, which could affect the market price of Trip.com Shares, Trip.com ADSs or any securities referencing such securities at the time. Concurrently with the pricing of the Bonds, certain bookrunner of the Bonds Offering (and/or their respective affiliates) facilitated a sale of Trip.com Shares (for the avoidance of doubt, not Trip.com ADSs), representing the expected initial delta of such hedging investors' short position, in off-market privately negotiated transactions (such sale, a "delta placement"). Other Matters This announcement shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This announcement contains information about the pending Bonds Offering, and there can be no assurance that the Bonds Offering will be completed. About Baidu Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this announcement and in the attachments is as of the date of the announcement, and Baidu undertakes no duty to update such information, except as required under applicable law.
BARCELONA, Spain, March 7, 2025 /PRNewswire/ -- During MWC2025, Huawei and Turkcell (NYSE: TKC) (BIST: TCELL), Türkiye's technology leader signed Memorandum of Understanding to develop sustainable leading networks using innovative products and solutions in Turkcell Enhanced Network. The collaboration between the companies includes further developing smart cities using next-generation features of 5G Advanced Technology in wireless network as well as innovations in ultra-speed broadband services in access network and Quantum Key distribution technology in IP network. MoU signing between Turkcell and Huawei in Barcelona With the power of 5G-A Technology, Turkcell and Huawei will design smart cities that aim to provide the best experience in areas focused on creating efficiency using cutting-edge technologies, such as autonomous vehicles, transportation, manufacturing facilities, and large venues. Companies will test and verify Tunnel Antenna Technology to reduce cable usage and improve coverage, Integrated Sensing and Communication (ISAC) Technology to improve high-accuracy localization, motion capture and activity recognition, Supersite Technology which uses the satellite as backhaul to enable redundant and sustainable communication. In other areas, such as Home Broadband, IP and WDM Network, Symmetric 50GPON Technology, which provides ultra-speed broadband connectivity for both download and upload and Quantum Key Distribution Technology, which establishes quantum safe encrypted services will be tested in the field. Prof. Dr. V. Çağrı Güngör, Chief Technology Officer at Turkcell said: "Turkcell is committed to leading the way in next-generation network innovations. Our focus on 5G-A technology enables us to develop smart, efficient networks that are ready to meet the future demands of connectivity. Through continuous innovation, we aim to create networks that are more intelligent, sustainable, and capable of enhancing the digital experience for all." Mr. Jim Lu, President of Huawei European Region said: "Huawei is dedicated to advancing the capabilities of 5G-A technology to drive the next generation of connectivity. Our focus is on supporting intelligent, sustainable networks that support the evolving needs of users and businesses. By innovating with cutting-edge technologies, we are shaping a more connected and resilient future."
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