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CoE to provide leading 5G-6G capabilities for clients in telecommunications, smart factories, connected vehicles, and healthcare TROY, Mich., Feb. 13, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, and L&T Technology Services (BSE: 540115, NSE: LTTS), a global leader in digital engineering and R&D services, announced the launch of a groundbreaking 5G-6G Wireless Center of Excellence (CoE). Altair and L&T Technology Services announced the launch of a groundbreaking 5G-6G Wireless Center of Excellence. The CoE will combine Altair's best-in-class design and simulation tools with LTTS's domain expertise to harness the potential of 5G and 6G networks to address challenges like connectivity breakdowns, high operational costs, and slower innovation cycles in industries like telecommunications, automotive, manufacturing, healthcare, and beyond. "5G and 6G technologies are reshaping the way industries operate, innovate, and deliver value," said Stephanie Buckner, chief operating officer, Altair. "This CoE is a testament to our vision of helping organizations in all industries capitalize on the unparalleled potential of wireless technologies. Together with LTTS, we are providing the foundation for smarter, faster, and more efficient solutions – no matter the industry." "The launch of this CoE signifies a transformative leap in wireless innovation that transcends industries," said Alind Saxena, executive director and president, mobility and tech, LTTS. "Our collaboration with Altair brings together cutting-edge simulation technology and domain expertise, enabling diverse industries to unlock the full potential of 5G and 6G. This partnership is a key milestone in building a more connected, intelligent, and efficient world." The CoE will focus on diverse initiatives to empower businesses with wireless solutions to include use cases such as: 5G-6G network planning 6G reflective intelligent surfaces and RF design and development Enhancements to wireless connectivity for applications in smart factories, connected vehicles, healthcare (remote monitoring), manufacturing (automated systems) Digital twins of 5G and 6G networks Connected mobility and network failure predictions These use cases will be powered by the Altair® HyperWorks® and Altair® RapidMiner® platforms. The CoE will offer hands-on training, workshops, and collaborative spaces to help industries adopt and adapt wireless technologies to their unique challenges. Overall, the CoE will enable the creation of smarter infrastructure, drive more efficient operations, and foster better decision-making. For its cutting-edge work in simulation, predictive analytics, and real-time data integration through digital twin technology, LTTS was awarded the Partner of the Year Award at the 2025 Altair Channel Partner Awards. For more information about Altair's 5G solutions, visit https://altair.com/5g. About AltairAltair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com. About L&T Technology Services LtdL&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability, and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 23,460 employees across 22 global design centers, 30 global sales offices, and 108 innovation labs, as of December 31, 2024. For additional information about L&T Technology Services log on to www.LTTS.com. Media contacts Altair Corporate Altair Investor Relations Bridget Hagan Stephen Palmtag +1.216.769.2658 +1.669.328.9111 corp-newsroom@altair.com ir@altair.com Altair Europe/The Middle East/Africa Altair Asia-Pacific Louise Wilce Man Wang +44 (0)7392 437 635 86-21-5016635,,825 emea-newsroom@altair.com apac-newsroom@altair.com
BEIJING, Dec. 24, 2024 /PRNewswire/ -- Global digital business services leader Teleperformance (TP) today announced that TP in China was certified as a five-star telecommunications customer service center by the China Association of Communications Enterprises. It is the only non-state owned commercial enterprise in the customer experience management (CXM) industry to the recognized by the association for its safe business practices. The China Association of Communications Enterprises (CACE) is under the guidance and supervision of the Ministry of Industry and Information Technology (MIIT), and the Ministry of Civil Affairs of People's Republic of China. The CACE assists government authorities in formulating national standards and industry standards for the information and communication industry, as well as related group standards and organizes their promotion and implementation. TP in China provides customer care, operational consulting and digital operations services. It operates in accordance with industry standards, combined with TP Group's global unified service standards and management specifications. This is just the latest in many recognitions TP in China has received. The Company also is certified as a 2024 Great Place to Work*, and recently was named one of the Best Workplaces™ in Greater China 2024. Last year TP also was named to the Beijing Municipal Government 2023 Heathy Enterprise list in recognition for the company's workplace wellbeing and safety. TP in China has approximately 10,000 employees across its 12 sites in China including Beijing, Shanghai, Xi'an, Wuxi, Changzhou, Shenzhen, Chongqing, Dalian, Nanning, Xinxiang, Guangzhou and Foshan. ABOUT TELEPERFORMANCE GROUP Teleperformance (TEP – ISIN: FR0000051807 – Reuters: TEPRF.PA - Bloomberg: TEP FP), is a global leader in digital business services which consistently seeks to blend the best of advanced technology with human empathy to deliver enhanced customer care that is simpler, faster, and safer for the world's biggest brands and their customers. The Group's comprehensive, AI-powered service portfolio ranges from front office customer care to back-office functions, including operations consulting and high-value digital transformation services. It also offers a range of specialized services such as collections, interpreting and localization, visa and consular services, and recruitment process outsourcing services. The teams of multilingual, inspired, and passionate experts and advisors, spread in close to 100 countries, as well as the Group's local presence allows it to be a force of good in supporting communities, clients, and the environment. In 2023, Teleperformance reported consolidated revenue of €8,345 million (US$9 billion) and net profit of €602 million. Teleperformance shares are traded on the Euronext Paris market, Compartment A, and are eligible for the deferred settlement service. They are included in the following indices: CAC 40, STOXX 600, S&P Europe 350, MSCI Global Standard and Euronext Tech Leaders. In the area of corporate social responsibility, Teleperformance shares are included in the CAC 40 ESG since September 2022, the Euronext Vigeo Euro 120 index since 2015, the MSCI Europe ESG Leaders index since 2019, the FTSE4Good index since 2018 and the S&P Global 1200 ESG index since 2017. For more information: www.teleperformance.com. FINANCIAL ANALYSTS AND INVESTORS Investor relations and financial communicationdepartment TELEPERFORMANCE Tel: +33 1 53 83 59 15 investor@teleperformance.com PRESS RELATIONS Europe Karine Allouis – LaurentPoinsot IMAGE7 Tel: +33 1 53 70 74 70 teleperformance@image7.fr PRESS RELATIONS Americas and Asia-Pacific Nicole MillerTELEPERFORMANCE Tel: +1 629-899-0675 tppublicaffairs@teleperformance.com
Enhancing AI-powered ICT services HONG KONG, Oct. 24, 2024 /PRNewswire/ -- HGC Global Communications ("HGC" or the "Group"), a fully-fledged ICT service provider and network operator with extensive global coverage, announced robust business performance for the fiscal year 2024. Highlight of Business Performance: In the consumer market, 71% of HGC's residential broadband users are currently using fiber-to-the-home (FTTH) of 1,000M or higher, representing a year-on-year increase of six percentage. The number of residential users exceeds 400,000, with over one million customers using HGC services, the Group positions one of the leading companies in Hong Kong In the corporate segment, the revenue from HGC's one-stop Managed Services grew by 33% in FY2024 compared to FY2019. Gross profit from ICT solutions increased by 306% compared to FY2019. Additionally, the performance in internet services has been robust, with a significant increase of 27% in the number of lines since FY2019. In the small and medium-sized enterprise (SME) sector, the number of SME customers using fiber broadband increased by 28% year-on-year, achieving growth for three consecutive years. In international business, HGC will continue to use Hong Kong as center hub while actively expanding and investing in emerging markets in Asia. In the Philippines, it successfully rolled out over 1,500 kilometers of optic infrastructure and installed more than 6,000 strategic access points, with ongoing expansions. In Asia, HGC has successfully built a Data Center Interconnection (DCI) clusters, connecting mature data center hubs, such as Hong Kong and Singapore, with emerging hubs in the Philippines, Thailand, and Malaysia, currently linking over 55 data centers. HGC has launched an AI-empowered Security Operations Center (SOC) that provides true 24/7 comprehensive digital and cybersecurity services, aimed at delivering cybersecurity services to corporate clients and Secured Broadband services to SMEs. Andrew Kwok, Chief Executive Officer of HGC Group, said, "Thanks to the collective efforts of all our employees, HGC has achieved steady business performance and growth this year. The Group adopts a sustainable long-term business model and uses Hong Kong as center. We are committed to continuously enhancing telecommunications and ICT infrastructure to improve the digital capabilities of all sectors, further reinforcing Hong Kong's position as a regional leader. HGC will continue to closely monitor the demands and trends of international markets and strengthen interconnections with overseas regions." One-Stop Managed Services and ICT Solutions: Empowering Corporates and SMEs for Comprehensive Digital Transformation HGC has benefited from the strong demand for ICT solutions in the corporate market, with both corporates and SMEs recording continuous growth, the revenue from one-stop Managed Services has grown by 33% in FY2024 compared to FY2019, facilitating digital transformation for corporate clients. ICT solutions help corporate clients to enhance network security while effectively reducing operational costs, resulting not only in a positive impact on our business performance but also contributes to a 306% increase in the gross profit of our ICT services compared to the FY2019 while bandwidth requirements to meet customer demands have increased by 80%. Additionally, the Group fully supports SMEs in their digital transformation efforts. The number of SME customers using fiber broadband has increased by 28% year-on-year, achieving growth for three consecutive years. The Secured Broadband service, was launched in April 2023 and has successfully thwarted over 2 million various types of cyberattacks. This service supports thousands of SME clients, with over a hundred new SME customers joining each month, highlighting the importance of its cybersecurity protection. Expanding Fiber Network Coverage and Mapping: Leading in Residential Broadband Penetration Home broadband has always been a core focus for the Group, which is dedicated to keeping the public closely connected in the digital age. As of June 2024, HGC has achieved a year-on-year increase of six percentage, with 71% of its residential broadband users currently utilizing fiber-to-the-home (FTTH) connections of 1,000M or higher. The number of residential users exceeds 400,000, and over one million customers are using HGC services, positioning the Group as one of the first among the leaders in Hong Kong's broadband penetration. To meet the demand for fiber networks in remote rural areas, the Group is diligently accelerating the deployment of fiber projects in these regions. To date, fiber installation projects have been completed in over 200 villages, benefiting approximately 41,000 rural households. The fiber rollout plan for 60 additional villages is expected to be completed by 2025, further expanding the number of households that will benefit. Actively Expanding and Investing in Emerging Markets in Asia and the Greater Bay Area: Holistically Enhancing Hong Kong's Position as an International Telecommunications Hub Despite the impact of market dynamics and geopolitical factors on Hong Kong, HGC continues to use the city as its telecommunications hub while actively expanding and investing in emerging markets in Asia. The Group strategically focuses its investments in the Southeast Asian market, particularly in the Philippines: Successfully rolled out over 1,500 kilometers of fiber optic infrastructure, with ongoing expansions Installed more than 6,000 strategic access points (manholes), further enhancing our network coverage The network spans key corporate and residential areas, as well as previously unserved and underserved locations These initiatives have not only achieved significant results but have also garnered high recognition from regional governments, including the Department of Trade and Industry of the Philippines. Additionally, HGC has successfully established a data center interconnection (DCI) cluster in Asia. By connecting mature data center hubs, such as those in Hong Kong and Singapore, with emerging hubs in the Philippines, Thailand, and Malaysia, the Group aims to further enhance its regional network and promote the continuous development of innovative technologies. Currently, the Group has connected over 55 data centers and plans to further expand the scale of this infrastructure. At the same time, HGC is actively exploring multiple investment and acquisition opportunities in Malaysia to strengthen regional business and telecommunications infrastructure. We recognize the demand from Chinese companies to expand abroad, and we are ready to serve them with our investment, professional team (with 200+ colleagues in 4 major offices), know-how and expertise. Mr. Kwok concluded, "While the Group expands into local, SEA, and GBA markets, we will also prioritize leveraging cutting-edge technologies like AI to enhance our cybersecurity products. We have professional talent, well-extablished experience, and an international exposure. Most importantly, we possess the reasonable investment capital to drive our various plans forward and are committed to providing our customers with high-quality, advanced products and services. HGC is well-prepared to implement diversified and innovative strategies and services tailored to different markets. We remain proactive in expanding various collaborations to deliver high-quality and secure services using the latest technologies. The Group's goal continues to be empowering businesses and individuals in their digital transformation, ensuring they thrive in an increasingly interconnected world." HGC hosted the 2024 Business Performance & Development Update Media Briefing About HGC Global Communications Limited HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 21 global offices and staff presence in 33 cities worldwide. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate, SME and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. In 2019, HGC Group completed the acquisition of Macroview Telecom Limited (Macroview), a leading digital technology solution and managed services provider. The addition of Macroview further accelerates HGC Group's digital transformation path and positioning as a pioneering ICT and digital services leader. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities, transport, social infrastructure, digital infrastructure, and environmental infrastructure in North America, Europe, Latin America and Asia. To learn more, please visit HGC's website at: www.hgc.com.hk
To Enhance Connectivity and Reinforce Hong Kong as a Regional Telecommunication Hub HONG KONG, Oct. 14, 2024 /PRNewswire/ -- HGC Global Communications Limited ("HGC" or "Group") warmly welcomed representatives of the Department of Trade and Industry ("DTI") and the Board of Investments ("BOI") of the Philippines, including Dr. Ceferino S. Rodolfo, Undersecretary of the Industry Development and Investment Promotions Group of DTI; Vice Chairman and Managing Head of the BOI; Atty. Roberto B. Mabalot, Jr., Vice Consul Commercial and Commercial Attaché, Philippine Trade and Investment Center - Hong Kong (PTIC-HK); Mr. Ernesto C. Delos Reyes Jr., Director of the Investments Assistance Service of the BOI; Mr. Wilson Wong, Trade Assistant, PTIC-HK, to visit HGC's headquarter in Hong Kong on 13 September. Strengthen the Partnership and Establish Effective Communication ChannelsAs an ongoing commitment to foster strong relationships with government entities in various regions, the visit of DTI and BOI of Philippines further solidified the partnership, highlighting the mutual goals of enhancing the telecommunications infrastructure and promoting economic growth in the region. HGC's Achievements and Future Plans in the PhilippinesDuring the meeting, HGC showcased its substantial investments in landing fibre networks over the past few years, which focused on expansion of regional business on infra-build under shared network philosophy. In the Philippines, HGC has partnered with major local network operators to deploy high-quality fiber networks utilizing advanced Horizontal Directional Drilling (HDD) technology. This innovative approach allows for the efficient installation of underground and overhead fiber optics across Luzon Island, including NCR, significantly improving connectivity and service quality. Additionally, HGC is also involved in the deployment of Optical Ground Wire (OPGW) solutions in Mindanao, further expanding its reach and enhancing the telecommunications infrastructure in the region. Rollout of more than 1,500km fibre optic asset in 1H2024, and still expanding; Installation of over 6,000 strategic access points (manholes), and still expanding; Network covers key corporate and residential areas, as well as unserved and underserved locations. Dr. Ceferino S. Rodolfo, Undersecretary of Industry Development and Investment Promotions Group, DTI; Vice-Chairman and Managing Head, BOI, stated: "We appreciate HGC's presence in the Philippines and value its contributions to our country. The Philippine economy is currently one of the fastest-growing in Asia, with a GDP growth rate of 6.3% to 6.4% in Q2 2024. Our goal extends beyond mere economic growth; it is crucial to transform the Philippines into a hub for sustainable and smart manufacturing and services in the region. HGC plays a vital role in helping the Philippines achieve an interconnected and digitally smart ecosystem. We look forward to further partnership to establish a comprehensive telecom infrastructure and more in the country." Strategic Expansion in SEA: Spotlight on MalaysiaHGC outlined its strategic plans for continued investment in South East Asia (SEA). The Company is poised to make an equity investment in Malaysia, recognizing the significant growth potential in the country. HGC is eager to contribute to the country's digital ecosystem and support domestic telecommunications providers. The investment will position Hong Kong as a key hub, enhancing connection to Singapore and SEA countries, including Thailand, Malaysia, and Indochina. Enhancing Connectivity in Hong Kong and Launching Cybersecurity Innovations for the Greater Bay AreaHGC remains committed to advancing business development in Hong Kong while also focusing on expansion in the Greater Bay Area (GBA). This year, in response to the rising demand for high-speed, reliable home broadband, HGC launched 10G broadband services for residential customers. As part of its growth strategy in the GBA, HGC is set to unveil innovative cybersecurity solutions branded as "Fusion Armor," which will enhance Security Operations Centers throughout the region. Key features of the initiative include: 24/7 Coverage: A comprehensive, advanced platform that provides round-the-clock support to help organizations defend against an ever-evolving array of threats. Holistic Protection: By integrating state-of-the-art technologies, cyber threat intelligence, and expert services, HGC aims to empower organizations with continuous monitoring and rapid response capabilities. Enhanced Digitalization and Cybersecurity: The platform is designed to improve digitalization efforts, strengthen cybersecurity operations, and foster proactive threat monitoring. Through these initiatives, HGC is dedicated to building a safer digital environment for organizations in the Greater Bay Area. Representatives of DTI and BOI of the Philippines Visit HGC Global Communications Hong Kong Headquarter About HGC Global Communications Limited HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 21 global offices and staff presence in 33 cities worldwide. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate, SME and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. In 2019, HGC Group completed the acquisition of Macroview Telecom Limited (Macroview), a leading digital technology solution and managed services provider. The addition of Macroview further accelerates HGC Group's digital transformation path and positioning as a pioneering ICT and digital services leader. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities, transport, social infrastructure, digital infrastructure, and environmental infrastructure in North America, Europe, Latin America and Asia. To learn more, please visit HGC's website at: www.hgc.com.hk About The Philippine Trade and Investment Center - Hong Kong (PTIC-HK) The Philippine Trade and Investment Center - Hong Kong (PTIC-HK) is the representative office of the Department of Trade and Industry of the Republic of the Philippines (DTI) in Hong Kong, which areas of jurisdiction include Hong Kong SAR and Macau SAR. The PTIC-HK aims to promote and facilitate the trade, investment and economic relationship between the Philippines, Hong Kong SAR and Macau SAR. For any inquiries regarding doing business in the Philippines, please feel free to contact PTIC-HK via email at hongkong@dti.gov.ph or visit PTIC-HK's official website at www.dti.gov.ph/overseas/hongkong.
RENO, Nev., July 08, 2024 (GLOBE NEWSWIRE) -- Winvest Group Limited (OTC: WNLV) ("Winvest"), an investment holding company with diverse media, entertainment, and technology portfolios, has announced that it has entered into a new partnership with Pavo Communications Sdn. Bnd. (“PAVOCOMMS”), a telecommunications company founded in Malaysia in 2011. PAVOCOMMS is known for its popular product Mcalls, a SIM package for data, voice and text that includes a rewards redemption platform. “We’re thrilled to collaborate with PAVOCOMMS to develop a comprehensive platform that integrates telecommunications, e-commerce and financial services,” said Jeffrey Wong, CEO of Winvest. “This partnership offers consumers seamless global connectivity and mobile services through an industry-leading telecommunications subscription model.” The collaboration with PAVOCOMMS will introduce Viesta to us, a platform where users can purchase data plans and functions as a marketplace. Additionally, the users of this platform will benefit from using Airtime on Viesta to seamlessly purchase data plans and enjoy a leisurely shopping experience in the e-commerce marketplace, thereby expanding their choices and flexibility. We are ambitious to create an all-in-one super app in times to come. When the new platform launches, subscribers will not only benefit from flexible worldwide communication services, but they’ll have the ability to use surplus call time as well as earned rewards within a global e-commerce marketplace. That means that unused airtime retains its value and can be used to purchase other needed goods or services. “This integrated approach provides today’s digital nomads and entrepreneurial-minded consumers with unmatched convenience and a competitive edge,” said Wong. “We strongly believe this exciting collaboration will help Winvest to diversify and innovate on the technology side while propelling the company’s future growth and eventual IPO listing.” About Winvest Group Limited: Headquartered in Reno, Nevada, Winvest is an investment holding company focused on media, entertainment, and technology. Shares in the company are currently traded on the OTC Market under the stock ticker “WNLV,” with plans to upgrade to Nasdaq and pursue an IPO in the near future. For additional information about Winvest and its investment opportunities, please visit http://www.winvestgroup.co. Investor and Media Contact: KevinWinvest Group Limited50 West Liberty Street, Suite 880, Reno NV 896501Email: info@winvestgroup.coPhone: 775-996-0288 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8332b2cc-eb1f-49f2-b0b9-79779f6366c2
SHANGHAI, June 28, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI), a leading AI company, is proud to announce a partnership with a leading telecommunications provider to deploy its advanced AI Chatbot solution in Q2. This strategic collaboration aims to transform the provider's customer service operations by enhancing service efficiency, reducing operational costs, and providing 24/7 personalized support. Xiao-I Corporation's AI Chatbot is designed to address significant challenges in customer service. Our product is specifically tailored for enterprise-level Maas (Model as a Service), offering controlled responses without hallucinations and customization based on the business knowledge and processes of the enterprise, truly fitting business scenarios and needs. Additionally, the customizable small models and platform-based customization process ensure rapid and flexible delivery, allowing enterprises to quickly experience AI-powered call center services. By automating repetitive tasks, the chatbot frees human agents to focus on more complex issues, thereby improving overall service efficiency. The chatbot also provides continuous customer support, ensuring that clients receive assistance at any time, which enhances customer satisfaction. Leveraging advanced AI algorithms, the chatbot delivers tailored responses, improving customer engagement and satisfaction. The implementation of Xiao-I's AI Chatbot on WhatsApp for a leading telecommunications provider represents a significant advancement in customer service. This deployment not only addresses key challenges but also sets a new standard for the industry. The chatbot's intuitive design, zero-code deployment, and robust scalability highlight Xiao-I Corporation's expertise in delivering cutting-edge AI solutions. About Xiao-I Corporation Xiao-I Corporation is a leading cognitive intelligence enterprise in China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing, voice and image recognition, machine learning, and affective computing. Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information, please visit: www.xiaoi.com. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to achieve its goals and strategies, the Company's future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission ("SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, including under the section entitled "Risk Factors" in its annual report on Form 20-F filed with the SEC on April 30, 2024, as well as its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Telecommunications
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