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News Summary: Cisco and TELUS launch new 5G capabilities in North America to serve IoT use-cases for industry verticals, with a focus on connected cars. TELUS and Cisco's Mobility Services Platform (IoT Control Center services) introduces paths to enhance the driver experience and ways for car manufacturers to realize new revenue streams. TELUS expects to onboard over one and a half million 5G standalone cars onto the Cisco IoT Control Center over the next several years, starting in 2024. BARCELONA, Spain, Feb. 26, 2024 /PRNewswire/ -- MOBILE WORLD CONGRESS -- Cisco (NASDAQ: CSCO) and TELUS today announced they are launching new 5G capabilities in North America to serve IoT use cases across industry verticals, with a focus on connected cars. The network will serve as a foundation to support drive testing by a major North American automotive manufacturer's 5G Connected Car, while setting the stage for enhanced experiences for customers and revenue opportunities for carmakers. With these enhanced capabilities, TELUS Control Center powered by Cisco can now support automated provisioning, dynamic policy, charging and quota management outcomes to launch new subscription services on demand, and manage SIM and vehicle lifecycle for any Connected Car OEM or enterprise. Paving the Way for Seamless Connected Car ExperiencesCisco and TELUS are enabling connected car OEMs to orchestrate and automate the end user experience effortlessly with IoT Control Center's rich REST API portfolio. This launch enables the OEM to leverage TELUS' high-performance wireless network to introduce 5G enabled telematics, infotainment applications and advanced network services, along with subscription Wi-Fi services to customers. With electrification and software-defined vehicles driving the future of the connected mobility ecosystem, this innovation lays the foundation for OEMs to offer new on-board applications and advanced driver assistance system (ADAS) services in the future, while carving a path into subscription services to support OEMs' revenue diversification goals. Consumers can subscribe to services OnDemand from the vehicle or an OEM web portal, access threshold-based subscription notifications and renew or cancel services seamlessly – all of which can be orchestrated by the OEM using IoT Control Center, Cisco's market-leading Mobility Services Platform. "Cisco Mobility Services Platform with 5G is ushering in a new era for connected cars to deliver amazing customer experience for the drivers while paving the path for carmakers to drive better experience and services over mobile networks," said Masum Mir, Senior Vice President and General Manager, Provider Mobility, Cisco. "As the leader in Mobile connectivity management, networking and enterprise mobility services portfolio, Cisco continues to innovate to drive service enablement, simplified operation and business value for service providers and OEMs." "As a global technology leader, TELUS prides itself on delivering the best in connected car capabilities, which is why we are excited to partner with Cisco," said Jodi Baxter, Vice President 5G & IoT Connectivity at TELUS. "We have Canada's only dedicated IoT Core network and this partnership is an important step in supporting 5G Drive testing for vehicle manufacturers and transitioning LTE vehicles to our superior network, which will help create a safe and more connected experience." Driving Network Control with IoT ConnectivityThe collaboration also introduces OnDemand network slice creation, full-stack observability with service assurance and life cycle management capabilities in a contained lab environment, aimed at supporting advanced, mission-critical use cases in the future. Cisco and TELUS are laying the foundation for OEMs to get full visibility and control of their network services and drive quality of service on demand with predictive intelligence and automated assurance so they can offer a delightful end customer experience. The collaboration is a foundational building block of Cisco's Mobility Services Platform strategy to enable service providers to maximize return on investment with minimal risk, drive 5G monetization with new value-added services and API based network programmability outcomes. About CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
Valuedynamx, a Collinson Company, gives Emirates Skywards members more redemption options across hundreds of global retail brands LONDON, Feb. 26, 2024 /PRNewswire/ -- In a commitment to elevating customer loyalty experiences through innovation, Valuedynamx, a Collinson Company and leading global provider of curated, data-driven purchase rewards, is powering Emirates Skywards, the award-winning loyalty program of Emirates and flydubai, with the launch of a "pay with points /miles" redemption offering via the 'Spend Online' section with Skywards Miles Mall. This redemption offering provides a convenient way for Emirates Skywards members to use their Miles to spend on more everyday options. With Skywards Miles Mall's expanded spend offerings, Emirates Skywards members can spend Miles earned on travel with Emirates and flydubai, partner airlines and lifestyle partners worldwide, in real time for digital gift cards at more than 500 brands across 5 markets globally, including the United Arab Emirates, United Kingdom, United States, Australia and India. Skywards Miles Mall provides access to a variety of new redemption opportunities, including popular local brands that cater to everyday lifestyle needs across fashion, fitness, technology, food and beverage, and more. Emirates Skywards members can now spend rewards with globally recognized brands they know and love. Valuedynamx already powers Skywards Miles Mall earning opportunity where loyalty members can earn Miles seamlessly while making purchases with their favorite brands. By now offering this dual functionality to earn and redeem with a large network of retailers globally, Valuedynamx and Emirates Skywards are establishing a comprehensive rewards ecosystem that not only lets members have the flexibility to use their Miles for purchases that matter most, but also earn Miles as they shop. "Through this exciting expansion of our partnership with Emirates, we're able to deliver an end-to-end earn and redemption proposition that aligns seamlessly with consumer demand for deriving maximum value from their loyalty programs," said James Berry, Managing Director, Valuedynamx . "Our new Pay with Points capability which unlocks the ability to spend miles at leading retailers in multiple markets underpins our shared commitment to meeting evolving consumer needs, solidifying Emirates Skywards position as a leader in providing a comprehensive and rewarding experience for its valued customers." Dr. Nejib Ben Khedher, Divisional Senior Vice President Emirates Skywards, said: We're pleased to be expanding our partnership with Valuedynamx to offer members more opportunities with Skywards Miles Mall, and a chance to spend Miles with some of the most popular brands across the UAE, US, UK, Australia and India. We look forward to continue working closely with our partners to ensure we always deliver a seamless end-to-end customer experience, and to setting new standards for reward experiences." For more information about Valuedynamx's robust reward and loyalty solutions portfolio, visit Valuedynamx.com. About Valuedynamx Valuedynamx is a leading global provider of curated, data-driven omnichannel purchase rewards. Part of Collinson, a group acknowledged for delivering the world's most valued travel ecosystem, Valuedynamx combines its expertise across payments, card-linking, affiliate marketing, earning and redemption into a single entity that delivers relevant and engaging solutions for its clients. Valuedynamx enhances customer loyalty and drives transactional engagement for some of the world's largest airlines, banks, financial institutions and hotel groups. Valuedynamx supports over 400 million consumers, maintains 50,000 retail and travel partners and provides more than 400,000 rewards in more than 180 countries. Collinson has more than 30 years loyalty and customer engagement experience, and more than 10 years focused on delivering loyalty commerce solutions. The organization has been at the forefront of loyalty innovation, continually evolving and building capability to meet the changing needs of clients and their customers. For more information visit www.valuedynamx.com. About Emirates Skywards Emirates Skywards has more than 30 million members worldwide. The loyalty programme offers four tiers of membership: Blue, Silver, Gold and Platinum, with each tier earning exclusive privileges. Members can earn Skywards Miles with partners ranging from airlines, hotels and car rentals to financial, leisure and lifestyle brands. Skywards Miles can be redeemed for an extensive range of rewards, including flight tickets on partner airlines, flight upgrades, hotel stays, tickets, hospitality at sporting and cultural events, tours and money-can't-buy experiences. For more information, visit www.emirates.com/skywards.
NEW YORK and SINGAPORE, Feb. 24, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, rang today's opening bell at the Nasdaq stock exchange in New York City in celebration of its public listing. The Company's American depositary shares ("ADSs") commenced trading today on the Nasdaq Stock Market LLC ("Nasdaq") under the ticker symbol "LOT" following the completion of its business combination on February 22, 2024 with L Catterton Asia Acquisition Corp ("LCAA"), a special purpose acquisition company ("SPAC") formed by affiliates of L Catterton, a leading global consumer-focused investment firm. Lotus Tech Debuts on NASDAQ Lotus Tech CEO Feng Qingfeng was joined by members of the Lotus Tech and L Catterton teams in New York City to witness this important milestone, which will help Lotus Tech to further its mission of becoming an advanced, fully electric, intelligent, and sustainable luxury mobility provider under the brand's Vision80 strategy. "This is an exciting moment for all of us at Lotus Technology," said Mr. Feng. "I would like to extend my appreciation to our shareholders, partners, suppliers, our outstanding employees, and most importantly, our customers, for their support. We are proud to carry Lotus's heritage into the future, and to open a new chapter in the Lotus story with our public listing today." Chinta Bhagat, Co-Chief Executive Officer of LCAA said: "We believe that Lotus Tech is ideally positioned to seize the tremendous opportunity in the fast-growing and underserved luxury EV market, leveraging our global consumer insights and strategic relationship with LVMH. Today's public listing is a significant step in the company's future expansion and we are looking forward to our continued collaboration with Lotus Tech's talented management team." The Nasdaq listing will support Lotus Tech's development of next generation automobility technologies and the expected expansion of its global distribution network from around 200 to over 300 stores globally by 2025. Set to become the first traditional luxury auto brand to achieve a 100% electric product portfolio by 2027, the Company has launched a well-balanced portfolio of exceptionally performant models, including the Eletre hyper-SUV and Emeya hyper-GT, and plans to launch two additional luxury battery electric vehicles (BEV) over the next two years. The bell-ringing ceremony was broadcast on Nasdaq's digital billboards in Times Square and livestreamed online, with Lotus Tech employees joining the celebration remotely from offices across the world. The brand's signature BEV models, Evija, Eletre and Emeya were also displayed in Times Square in front of the Nasdaq stock exchange. About Lotus Technology Lotus Technology Inc. has operations across China, the UK, and the EU. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com. About L Catterton Asia Acquisition Corp L Catterton Asia Acquisition Corp (NASDAQ: LCAA) is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While it may pursue an initial target business in any industry or sector, it has focused its search on high-growth, consumer technology sectors across Asia. For more information about L Catterton Asia Acquisition Corp, please visit www.lcaac.com. About L Catterton L Catterton is a market-leading consumer-focused investment firm, managing approximately $35 billion of equity capital and three multi-product platforms: private equity, credit and real estate. Leveraging deep category insight, operational excellence, and a broad network of strategic relationships, L Catterton's team of more than 200 investment and operating professionals across 17 offices partners with management teams to drive differentiated value creation across its portfolio. Founded in 1989, the firm has made over 275 investments in some of the world's most iconic consumer brands. For more information about L Catterton, please visit www.lcatterton.com. Forward-Looking Statements This press release (the "Press Release") contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the U.S. Securities Exchange Act of 1934, that are based on beliefs and assumptions and on information currently available to Lotus Tech and LCAA. All statements other than statements of historical fact contained in this Press Release are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential", "forecast", "plan", "seek", "future", "propose" or "continue", or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LCAA and its management, and Lotus Tech and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect to the proposed Business Combination between LCAA, Lotus Tech and the other parties thereto (the "Business Combination"); (2) the outcome of any legal proceedings that may be instituted against LCAA, the Combined Company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the amount of redemption requests made by LCAA public shareholders and the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of LCAA, to obtain financing to complete the Business Combination or to satisfy other conditions to closing and; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of the Company as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the Combined Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination; (9) risks associated with changes in applicable laws or regulations and Lotus Tech's international operations; (10) the possibility that Lotus Tech or the Combined Company may be adversely affected by other economic, business, and/or competitive factors; (11) Lotus Tech's estimates of expenses and profitability; (12) Lotus Tech's ability to maintain agreements or partnerships with its strategic partner Geely Holding and to develop new agreements or partnerships; (13) Lotus Tech's ability to maintain relationships with its existing suppliers and strategic partners, and source new suppliers for its critical components, and to complete building out its supply chain, while effectively managing the risks due to such relationships; (14) Lotus Tech's reliance on its partnerships with vehicle charging networks to provide charging solutions for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (15) Lotus Tech's ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from lithium-ion battery cells catching fire or venting smoke; (16) delays in the design, manufacture, launch and financing of Lotus Tech's vehicles and Lotus Tech's reliance on a limited number of vehicle models to generate revenues; (17) Lotus Tech's ability to continuously and rapidly innovate, develop and market new products; (18) risks related to future market adoption of Lotus Tech's offerings; (19) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (20) Lotus Tech's reliance on its partners to manufacture vehicles at a high volume, some of which have limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to Lotus Tech by its partners in order for Lotus Tech to be able to increase its vehicle production capacities; (21) risks related to Lotus Tech's distribution model; (22) the effects of competition and the high barriers to entry in the automotive industry, and the pace and depth of electric vehicle adoption generally on Lotus Tech's future business; (23) changes in regulatory requirements, governmental incentives and fuel and energy prices; (24) the impact of the global COVID-19 pandemic on LCAA, Lotus Tech, Lotus Tech's post business combination's projected results of operations, financial performance or other financial metrics, or on any of the foregoing risks; and (25) other risks and uncertainties set forth in the section entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in Lotus Tech's registration statement on Form F-4 (File No. 333-275001) filed by Lotus Tech with the U.S. Securities and Exchange Commission (the "SEC") on January 12, 2024 and LCAA's final prospectus relating to its initial public offering (File No. 333-253334) filed by LCAA with the SEC on March 12, 2021, and other documents filed, or to be filed, with the SEC") by LCAA or Lotus Tech, including the Registration/Proxy Statement (as defined below). There may be additional risks that neither LCAA nor Lotus Tech presently know or that LCAA or Lotus Tech currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved in any specified time frame, or at all, or that any of the contemplated results of such forward-looking statements will be achieved in any specified time frame, or at all. The forward-looking statements in this Press Release represent the views of LCAA and Lotus Tech as of the date they are made. While LCAA and Lotus Tech may update these forward-looking statements in the future, LCAA and Lotus Tech specifically disclaim any obligation to do so, except to the extent required by applicable law. You should not place undue reliance on forward-looking statements. Contact Information For inquiries regarding Lotus TechDemi Zhangir@group-lotus.com Brunswick GroupLotustechmedia@brunswickgroup.com For inquiries regarding LCAA and/or L CattertonJulie Hamilton (U.S.)media@lcatterton.com+1 203 742 5185 Bob Ong / Bonnie Gan (Asia)bob.ong@lcatterton.com / bonnie.gan@lcatterton.com+65 6672 7619 / +86 10 8555 1807
LOS ANGELES, Feb. 23, 2024 /PRNewswire/ -- Today, HOTOR declared their sales champion, the HOTOR Car Trash Can, had served more than 1 million customers on January 31, 2024, which is a crucial milestone of their company's mission: Serve 100 Million Families Around the World by 2030 For those accustomed to the daily struggle of maintaining a clean car amidst the chaos of daily life, HOTOR presents a practical and efficient solution: the HOTOR Car Trash Can. Engineered with functionality and convenience at its core, this innovative accessory offers drivers a versatile method for managing clutter on the go. Whether affixed to the back of a seat, nestled in the footwell of the front passenger area, or discretely placed behind the center console, the HOTOR Car Trash Can seamlessly integrates into any vehicle interior. HOTOR Car Trash Can Crafted with durability in mind, the HOTOR Trash Can boasts a leakproof design, ensuring containment of spills and messes even in the most challenging of driving conditions. Its robust construction, complemented by features such as a zippered lid and easy-to-clean rubber flaps, guarantees secure containment of refuse until disposal. In addition to its practicality, the HOTOR Car Trash Can offers a touch of personalization with a selection of seven distinctive colors, catering to diverse aesthetic preferences. From classic black to vibrant hues like millennial pink and camouflage, drivers can choose a trash can that complements their vehicle's interior or makes a bold statement. Beyond its primary function, the HOTOR Trash Can doubles as a versatile storage solution. Whether used to keep beverages cool during extended journeys, store emergency supplies like first aid kits, or organize snacks and entertainment items for passengers, its utility extends far beyond mere waste management. Backed by a legion of satisfied customers and positive reviews on amazon.com, the HOTOR Car Trash Can has quickly become a sought-after accessory among drivers seeking to streamline their automotive experience. With its combination of practicality, durability, and versatility, it promises to revolutionize the way drivers manage clutter on the road. About HOTOR:Short-term Mission: Serve 100 Million Families Around the World by 2030Long-term Mission: Become the leader of China's Intelligent Manufacturing Overseas. Related Links:https://www.amazon.com/dp/B07VGRVKSN For more information, please contact:HOTOR Support TeamEmail: support@hotorauto.com
Extensive range from compact to large models meets diverse construction needs across continents XUZHOU, China, Feb. 23, 2024 /PRNewswire/ -- On February 18, a consignment of over 1,000 excavators from XCMG Machinery (SHE: 000425, "XCMG"), featuring a wide array of top-selling models from compact to medium and large-sized units, departed from Xuzhou, China, bound for high-end markets across Europe, North America, and Oceania. Destinations included the United States, Canada, Germany, the United Kingdom, France, Italy, Turkey, and Australia. XCMG Machinery Ships Over 1,000 Excavators to Key Markets in Europe, North America and Australia. The excavators being shipped this time has been fully customized to meet the customers' needs in various aspects such as driving experience, handling feel, and operational performance. The XCMG excavator R&D team conducted in-depth frontline research, based on differentiated market needs, to drive product iteration and upgrades. The recently launched XE225U medium excavator, tailored for the U.S. market, features a sophisticated electronically controlled positive-flow hydraulic operating system. This system is designed to meet the requirements of multifunctional equipment. The model also comes with a larger cab and air suspension seats, which significantly reduce operator fatigue during extended construction operations. These upgrades significantly enhance the product's functionality and comfort, setting a new standard in the market. " XCMG Excavator has always been market-focused, giving priority to improving crucial customer performance metrics like product reliability and handling," said Song Zhike, VP of XCMG and MD of XCMG Excavator Business Unit. "We have conducted technological research specific to different regional application scenarios and typical work conditions to better meet the worldwide need for excavation machinery." Serving industrial users throughout North America, Europe, and Australia, XCMG Excavator has developed a powerful trifecta of technology, marketing, and service. XCMG Excavator provides unparalleled technical support, extensive operator training programs, and reliable parts services. The company's timely response to and fulfillment of customer needs has garnered it recognition from a growing number of overseas clients, further solidifying its position in the global marketplace. A client serving the North American market shared, " XCMG excavators stand out for their robust digging power and agile maneuverability, which streamline our earth moving operations and boost overall construction efficiency. Their service team is top-notch—professional and responsive. We find XCMG excavators to be reliable partners in our projects." In recent years, XCMG has concentrated its efforts on established international markets. During this time, it developed and implemented cutting-edge technologies that are intelligent, environmentally friendly, and digitally integrated, addressing critical aspects of modern engineering equipment. The company has launched over a hundred types of excavators, cranes, aerial working platforms, mining equipment and road machines, aimed at markets in Europe, North America, and Australia. Offering high-end, customized solutions, XCMG has addressed the unique demands of its global customers, demonstrating its dedication to technological advancement and environmental responsibility.
Earnings Call Scheduled for 7:00 A.M. U.S. ET on March 7, 2024 GUIYANG, China, Feb. 23, 2024 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced that it will release its fourth quarter and fiscal year 2023 unaudited financial results on Thursday, March 7, 2024, before the open of the U.S. markets. The Company's management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time on March 7, 2024 or 8:00 P.M. Beijing Time to discuss the financial results. Listeners may access the call by dialing the following numbers: United States (toll free): +1-888-317-6003 International: +1-412-317-6061 Mainland China (toll free): 400-120-6115 Hong Kong, SAR (toll free): 800-963-976 Hong Kong, SAR: +852-5808-1995 United Kingdom (toll free): 08082389063 Singapore (toll free): 800-120-5863 Access Code: 9049178 A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until March 14, 2024: United States: +1-877-344-7529 International: +1-412-317-0088 Replay Access Code: 5149435 A live and archived webcast of the conference call will also be available on the Company's investor relations website at ir.fulltruckalliance.com. About Full Truck Alliance Co. Ltd. Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services, including freight listing, freight brokerage and online transaction services. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, such as financial institutions, highway authorities, and gas station operators. With a mission to make logistics smarter, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com. For investor and media inquiries, please contact: In China: Full Truck Alliance Co. Ltd.Mao MaoE-mail: IR@amh-group.com Piacente Financial CommunicationsHui FanTel: +86-10-6508-0677E-mail: FTA@thepiacentegroup.com In the United States: Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050E-mail: FTA@thepiacentegroup.com
A12 藝術空間
Transportation/Trucking/Railroad
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