Connect with us

News

Basware Appoints Mogens Pedersen Chief Technology Officer and Perttu Nihti Chief Product Officer

gbafNews28

Mogens Pedersen has been appointed Chief Technology Officer and Perttu Nihti has been appointed Chief Product Officer at Basware. The appointments are effective as of September 1, 2020 when both will become members of the Executive Team, reporting to the CEO, Klaus Andersen.

Mr. Pedersen joins Basware from SimCorp, a leading provider of integrated investment management solutions, where he worked in multiple senior leadership roles for the last 26 years, most recently as Head of the Cloud Centre of Excellence at SimCorp Denmark.

Mr. Nihti has worked at Basware since 2012 in a number of leadership roles, most recently as Senior Vice President, Head of Products. Prior to joining Basware, Mr. Nihti worked in several positions in product management, research and development and consulting at various technology and telecommunications firms including Nokia and Digita.

“We are pleased to welcome Mogens and Perttu to the Basware Executive Team. In their previous roles both have demonstrated a clear track record of leadership in the technology industry and experience of managing complex business transformations, commented Klaus Andersen, CEO, Basware Corporation.

About Basware:

Basware offers the largest open business network in the world and is the global leader in providing networked purchase-to-pay solutions and e-invoicing services. Our technology empowers organizations with 100% spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions. Basware is a global company doing business in more than 100 countries and is traded on the Helsinki exchange (BAS1V: HE). Find out more at http://investors.basware.com/en.

Ben Selby, VP IR & Treasury, Basware Corporation

[email protected]

News

IT Tech Packaging, Inc. Advances Additional Orders Negotiation with One of Its Top 5 Customers

gbafNews28

BAODING, China, Sept. 24, 2020 /PRNewswire/ — IT Tech Packaging, Inc. (NYSE American: ITP) ("IT Tech Packaging" or "the Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that the Company is advancing negotiation with one of its top 5 customers, based in Shandong Province for orders of the paper products. The customer is currently ranked among the top 5 customers of the Company during the past couple of years.

Based on the negotiation, the Company and the customer will further cooperate on products supply and purchase in the next quarters and definitive new contracts are expected to be signed by the end of the year. Based on its increasing clients’ demand, the customer will continue to increase its purchase orders from the Company.

Mr. Zhenyong Liu, Chairman and Chief Executive Officer of IT Tech Packaging commented, "We are pleased with the negotiation with the customer for further partnership. As Chinese economy recovers from the COVID-19 epidemic with an amazing pace, our top clients such as companies focusing on printing and packaging are also receiving amount of orders and some even have backlog of orders, so they push forward the negotiations for raw materials and increase purchase volume of our products. We appreciate their confidence in our products as well as efficiency of delivery. We hope the stable partnership between us will continue contributing considerable revenue stream in the upcoming quarters."

About IT Tech Packaging, Inc.

Founded in 1996, IT Tech Packaging, Inc. is a leading manufacturer and distributor of diversified paper products in North China. Using recycled paper as its primary raw material (with the exception of its tissue paper products), ITP produces and distributes three categories of paper products: corrugating medium paper, offset printing paper and tissue paper products. With production based in Baoding and Xingtai in North China’s Hebei Province, ITP is located strategically close to the Beijing and Tianjin region, home to a growing base of industrial and manufacturing activities and one of the largest markets for paper products consumption in the country. ITP has been listed on the NYSE American since December 2009.

Safe Harbor Statements

This press release may contain forward-looking statements. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company’s public filings with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K. All information provided in this press release speaks as of the date hereof. Except as otherwise required by law, the Company undertakes no obligation to update or revise its forward-looking statements.

For more information, please contact:

At the Company Email:
[email protected]
Tel: +86 0312 8698215

Investor Relations:
Janice Wang
+86-138-1176-8559
+1-908-510-2351
EverGreen Consulting Inc.
Email: [email protected]

Related Links :

http://www.itpackaging.cn/

Continue Reading

News

Sunpointe Investments Announces Partnership with Merchant and Expansion of Private Client Wealth Services

gbafNews28

Sunpointe Investments, a leading investment consultant to high net worth families, family offices, and entities, announced that it has established a partnership with Merchant Investment Management, LLC, based in New York City. The partnership will enable Sunpointe to provide a broad array of private wealth management services to its clients. The partnership marks what the firms founder, Michael Pompian, calls a natural evolution of our service delivery at a time when clients across the wealth spectrum need more holistic advice, and advisors need more and better resources to serve their clients.

The team has a long history, working together as investment consultants first at Hammond Associates and then at Mercer Investment Consulting, prior to starting Sunpointe. Sunpointes partners have a shared commitment to transparent, conflict-free investment advice and the desire to address their clients entire set of financial needs. These goals have driven the move to partner with Merchant.

We looked at this partnership through the lens of how we could best serve the increasingly diverse needs of our clients and advisors. Our team is committed to independence and to operating as the best stewards of our clients financial lives, explained Pompian, Founder and Chief Investment Officer at Sunpointe.

“We are excited about the possibilities ahead. Our partnership with Sunpointe will enhance the firm’s already terrific client service model and make it more accessible to a broader range of clients and advisors,” said David Mrazik, Managing Partner at Merchant. As individual advisors and clients look for trusted advice in an increasingly complicated financial landscape, Sunpointe can support their most complex needs. Sunpointe’s behavioral finance and client-first mindset make them an ideal partner.

At Sunpointe, our goal is to help clients make better decisions and focus on what matters most to them. We believe we can do that most effectively by broadening the services we offer, while maintaining the disciplined, structured approach we offer from our years on the institutional side of the business, said Jack Dwyer, Managing Director and Wealth Advisor at Sunpointe. At the same time, we want to continue leveraging our thought leadership in behavioral finance to promote better investing outcomes.

Sunpointes clients can expect their advisory team to be equipped with more resources and service options such as financial planning and insurance. The firm will continue to serve individuals and families, addressing the financial needs of people at all life stages, as well as consult to private foundations and institutions.

About Sunpointe Investments

Sunpointe Investments is an independent, SEC registered investment advisor committed to building lifelong partnerships with individuals, families, and foundations. Through a team of experts, the firm provides integrated wealth management as well as retirement, insurance, tax, business, and estate planning. Headquartered in St. Louis, the firm was founded in 2016. For more about Sunpointe, please visit sunpointeinvestments.com

About Merchant

Merchant is a private partnership providing growth capital, management resources, strategic opportunities and direction to independent financial services companies, particularly those focused on wealth and asset management. For additional information, please visit: www.merchantim.com.

Tisha Kresler

Rubenstein

[email protected]

Continue Reading

News

Locomation & Wilson Logistics Announce World’s First Large-Scale Autonomous Truck Purchase Order

gbafNews28

Locomation, the leading provider of safe and reliable autonomous trucking technology, today announced the worlds first autonomous truck purchase order from Wilson Logistics, an industry-leading transportation logistics company based in Springfield, MO. Under the terms of the deal, a minimum of 1,120 Wilson Logistics tractors are to be equipped with Locomations groundbreaking Autonomous Relay Convoy (ARCTM) technology, with the first units delivered in early 2022. Additionally, the deal amends the commercial agreement between the two companies to extend through 2028.

We understand the importance of autonomous vehicle technology to the future of Wilson Logistics, and choosing our AV partner has been a deliberate process, explained Darrel Wilson, Founder and CEO of Wilson Logistics. In Locomation we see the most viable path to safe, rapid, and broad commercialization and were proud to make this purchase commitment. Wilson added Locomation delivers both the technology and the implementation methods required to enable Wilson Logistics to realize our strategic plans for profitable growth through technology.

Wilson Logistics is a leader in the industry with significant focus on driver quality of life, overall fleet safety and operational excellence. This purchase order is just the beginning of a significant leap toward autonomous technology for the entire trucking sector, said Dr. ‡etin Meri§li, CEO and Co-Founder of Locomation. Wilson Logistics has been an excellent partner and their multi-year commitment to Locomation demonstrates the strong industry validation of our autonomous technology in freight transportation.

The agreement follows a successful pilot program with Wilson Logistics this summer that included two Locomation trucks hauling Wilson Logistics trailers and freight deployed as an Autonomous Relay Convoy (ARCTM) on a 420 mile-long route from Portland, OR to Nampa, ID. ARCTM allows one driver to pilot a lead truck equipped with technology augmentation while a follower truck operates in tandem through Locomations fully autonomous system. Each ARCTM segment is engineered for maximum yield and utilization by Locomations business operations team.

Working with the Wilson Logistics team, we defined road segments to maximize asset utilization by capitalizing on freight density in each lane which enables shippers and carriers to substantially increase their use of available capacity, explained Tom Kroswek, head of business development at Locomation. We then used our proprietary analysis methods to identify opportunities to optimize pricing to maximize yield per mile. Locomations unique ability to help our clients improve both yield and utilization is truly the holy grail in trucking. Of the 68 original high-value ARCTM segments we identified, Wilsons choice to now fill 37 of those lanes is a ringing endorsement of our capabilities.

At full commercialization, Locomations ARCTM technology is expected to produce an estimated 30% reduction in operating cost per mile, including 8% reduction in fuel consumption, and remove over 40 metric tons of carbon dioxide from the air per convoy annually.

About Locomation

Locomation is the leading provider of safe and reliable autonomous trucking technology. Locomations first product in an upcoming series is the Autonomous Relay Convoy (ARCTM), which enables one driver to pilot a lead truck while a follower truck works in tandem made possible by a fully autonomous driving system. Launched in 2018 by autonomy experts at Carnegie Mellons National Robotics Engineering Center and trucking industry veterans, the Locomation team includes some of the worlds foremost specialists in robotics technology, safety, and artificial intelligence along with highly experienced trucking industry executives. Learn more at https://locomation.ai

About Wilson Logistics

Wilson Logistics is a family-owned and operated organization with a diverse portfolio of solutions to solve client’s logistical needs. We tailor our solutions for our clients and pride ourselves on our ability to be fast, effective, and flexible. Wilson Logistics began as Wil-Trans in 1990, a trucking company based in Springfield, MO. Through the acquisitions of Jim Palmer Trucking in 2014, O&S Trucking in 2016, RJs Transportation in early-2017, Haney Truck Line in late-2017, and Market Transport in 2019, Wilson Logistics was formed. Our service offerings touch many different points within the supply chain to serve our client’s logistical needs. Learn more at https://www.wilsonlogistics.com/

Media

John Cook

Rally Point Media Strategies

[email protected] | 585.737.7546

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gbafNews28 gbafNews28
News2 hours ago

IT Tech Packaging, Inc. Advances Additional Orders Negotiation with One of Its Top 5 Customers

BAODING, China, Sept. 24, 2020 /PRNewswire/ — IT Tech Packaging, Inc. (NYSE American: ITP) ("IT Tech Packaging" or "the Company"),...

gbafNews28 gbafNews28
News2 hours ago

Analysis of COVID-19 on Preclinical Animal Behavior Market | Market to See High Growth Due to the Increasing Prevalence of Chronic Conditions | Technavio

The global preclinical animal behavior market is expected to grow by USD 19.52 million as per Technavio. This marks a...

gbafNews28 gbafNews28
News2 hours ago

Altium Accelerates IoT Hardware Development with Modular Design and Toradex Collaboration

Altium (ASX:ALU) announces that Toradex, a leading embedded computing solution provider, has licensed the Geppetto modular design tool. Toradex users...

gbafNews28 gbafNews28
News2 hours ago

The Automotive Edge Computing Consortium Joins 3GPP as a Market Representation Partner

The Automotive Edge Computing Consortium (AECC), the organization working to explore the data and communications needs of the rapidly evolving...

gbafNews28 gbafNews28
News2 hours ago

Locomation & Wilson Logistics Announce World’s First Large-Scale Autonomous Truck Purchase Order

Locomation, the leading provider of safe and reliable autonomous trucking technology, today announced the worlds first autonomous truck purchase order...

gbafNews28 gbafNews28
News2 hours ago

Sunpointe Investments Announces Partnership with Merchant and Expansion of Private Client Wealth Services

Sunpointe Investments, a leading investment consultant to high net worth families, family offices, and entities, announced that it has established...

gbafNews28 gbafNews28
News2 hours ago

Immigration Services Market Procurement Intelligence Report With COVID-19 Impact Analysis | Global Forecasts, 2020-2024

The Immigration Services market will register an incremental spend of about $49 billion, growing at a CAGR of 5.40% during...

gbafNews28 gbafNews28
News2 hours ago

Holicity Inc. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing on or about September 24, 2020

Holicity Inc. (the Company) announced that holders of the units sold in the Companys initial public offering of 27,500,000 units...

gbafNews28 gbafNews28
News2 hours ago

Latin America Is Considered One of the Best Regions to Invest After the Economic Crisis

The outlook for Latin America remains challenging due to increased Covid-19 related debt (USD 34.8bn YTD) and significant structural reforms...

gbafNews28 gbafNews28
News2 hours ago

DevOps World 2020 Award Winners Announced

DEVOPS WORLD 2020—CloudBees, Inc., the enterprise software delivery company, today announced the winners of its annual DevOps World Awards. Three...