Connect with us

News

ECOVACS Robotic Vacuum Cleaners Singles’ Day Shopping Festival Sales Leads On Shopee and Lazada in Southeast Asia

gbafNews28

Total sales sets another record high with a 187 percent year-on-year growth

 

SINGAPORE – Media OutReach – 16 November 2020 – ECOVACS ROBOTICS (“ECOVACS”), the world leader for home service robotics, saw record sales performance on the Singles’ Day shopping festival (also known as 11.11) this year, ranking number one in the robot vacuum cleaner category of Shopee and making to the Top 5 small appliances bestsellers on Lazada in Southeast Asia markets including Singapore, Malaysia, Thailand, Indonesia, Vietnam and the Philippines. Total sales for the Singles Day campaign exceeded 2019’s figures in the first two hours, and saw a 187 percent year-on-year growth within 24 hours. Such a remarkable achievement demonstrates the brand’s success in delivering the products and consumer experience demanded by consumers in the regions.

 

Steve Lee, General Manager, APAC for ECOVACS said, “We are thrilled to achieve another record performance on the Singles Day shopping festival which is a testimony to our efforts to engage with consumers in the Southeast Asia market. As we see the rising demand of smart home technologies products, we will continue to bring our latest innovative products to the Southeast Asia market.”

 

The performance not only showcases ECOVACS continued growth & leading in the region, but also the huge potential of smart home cleaning products in Southeast Asia. From entry robot cleaners, to advanced robots carrying patented mopping technology and AI technology, ECOVACS will continue to leverage its R&D capabilities and owned supply chain to bring smart home technologies to consumers in the region.

[View Image]

For more information, please visit ecovacs.com/.

 

About ECOVACS ROBOTICS

Innovating Since Day One — Creating the Intelligent Home.

 

At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on deep understanding of use cases and consumer experiences, we design robots that help you to “live smart, enjoy life”.

 

With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

News

TRAC Intermodal Releases Case Study on Port of NY/NJ Chassis Pool Model Success During Record Port Growth

gbafNews28

PRINCETON, N.J., Dec. 4, 2020 /PRNewswire/ — As local economies reopen and imports surge at many U.S. ports, ensuring the timely flow of cargo through these ports takes on added urgency. TRAC Intermodal has developed a detailed case study on how the chassis pool model at the Port of NY/NJ has supported significant increases in container cargo volumes over the past few years. TRAC's Metro Pool is the largest chassis pool in the region, with 17,000 chassis supporting this market.

One of the nation's busiest ports, the Port of NY/NJ recently reported its best month ever for import volume. The Port has invested heavily in infrastructure improvements such as raising the Bayonne Bridge, deepening harbors and upgrading roadways to and from terminals, all to help accommodate larger TEU ships and the cargo volumes they bring. As a direct result of these efforts, between 2017 and 2019, container cargo volumes at the Port of NY-NJ increased 11.3%. Despite this volume increase, compounded by sudden spikes in demand during the 2019 U.S.-China trade war and a record container volume rebound in the summer and fall of 2020, the chassis system was able to maintain a smooth cargo flow, with little to no disruptions.

“The TRAC case study identifies ways in which the Port's chassis provisioning model along with our quality fleet care programs have enabled port growth and offer motor carriers ready access to safe, high-quality equipment, operational efficiencies and equipment choices to meet their needs,” says Daniel Walsh, CEO at TRAC Intermodal.

A copy of the case study, “Port of NY/NJ Chassis Pool Model Success in the Face of Record Cargo Growth,” is available for download here or by visiting https://www.tracintermodal.com/case-study-port-nynj.

About TRAC Intermodal
TRAC Intermodal (www.tracintermodal.com) is North America's leading marine chassis pool manager and equipment provider, with 11 pools under management across the U.S. TRAC has the largest fleet of marine and specialty chassis in North America and operates an extensive network of facilities. TRAC's subsidiaries offer emergency fleet roadside assistance through FYX, and maintenance and repair services and other depot solutions through TRAC Services.

For more information, contact:                        

Rick Leonard
RCL Communications
203.434.7734
[email protected]

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/trac-intermodal-releases-case-study-on-port-of-nynj-chassis-pool-model-success-during-record-port-growth-301186211.html

SOURCE TRAC Intermodal

Continue Reading

News

Eat Beyond Portfolio Company Eat Just is the First to Earn National Approval for Cultured Meat in Singapore

gbafNews28

Eat Just Inc. is a global leader with its process of making clean, sustainable meat and eggs

VANCOUVER, BC, Dec. 4, 2020 /PRNewswire/ – Eat Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“Eat Beyond” or the “Company“), an investment issuer focused on the global plant-based and alternative food sector, is announcing that its portfolio company, Eat Just Inc., a San Francisco-based food tech company that produces meat and egg substitutes, has been approved to sell its lab-grown chicken product in Singapore. Singapore is the first government to allow the sale of cultured meat.

“Cellular agriculture technology makes it possible to produce meat without the need to actually slaughter any animals,” said Patrick Morris, CEO of Eat Beyond. “The end product is very similar, but it is made without the vast inputs and negative externalities associated with modern factory farming. Singapore's small geographic footprint and advanced economy have made it a hotbed for cellular agriculture and food tech innovation, and truly the global leader.”

Singapore's government is aiming to shift its food production so that 30% of food demand will be met by local agricultural production in the next decade. At present, Singapore's 5.7 million people are highly reliant on other nations, with only 10% of food being produced domestically.

“Lab-grown meat is more humane and sustainable and doesn't require large amounts of land as traditional agriculture does. The next challenge that must be overcome in this industry is to work out how to reduce the cost of production, as it is currently still very expensive to produce these products,” added Morris. “I believe that we will see this breakthrough in the near future, it's just a matter of time.”

Eat Just, is currently a private company, but has expressed that it plans to pursue an initial public offering in the U.S. Eat Beyond is committed to working closely with its portfolio companies and is very hands-on, offering support, sharing industry connections, and providing expertise.

Eat Beyond's portfolio also includes TurtleTree Labs and SingCell. TurtleTree is recreating the full composition, functionality, and taste of milk by developing the technology to produce the unique components of milk sustainably as well as integrating those components into products. SingCell offers a proprietary platform to enable global alternative meat companies to develop scalable processes for clean meat manufacturing.

About Eat Beyond Global Holdings

Eat Beyond Global Holdings Inc. (“Eat Beyond”) (CSE: EATS) (OTCPK: EATBF) (FSE: 988) is an investment issuer that makes it easy to invest in the future of food. Eat Beyond identifies and makes equity investments in global companies that are developing and commercializing innovative food tech as well as plant-based and alternative food products. Led by a team of food industry experts, Eat Beyond is the first issuer of its kind in Canada, providing retail investors with the unique opportunity to participate in the growth of a broad cross-section of opportunities in the alternative food sector, and access companies that are leading the charge toward a smarter, more secure food supply. Learn more: https://eatbeyondglobal.com/.

Find Eat Beyond on Social Media on LinkedIn, Instagram, Twitter and Facebook.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/eat-beyond-portfolio-company-eat-just-is-the-first-to-earn-national-approval-for-cultured-meat-in-singapore-301186194.html

SOURCE Eat Beyond Global Holdings Inc.

Continue Reading

News

KanKan AI Announces the Release of its Smart Customer Retail Platform for the Banking Industry

gbafNews28

LAS VEGAS, Dec. 4, 2020 /PRNewswire/ — Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence (“AI”) solutions and digital media properties, today announced that several large banks in China, including the Bank of China, have installed the Smart Customer Retail Platform created by Remark's KanKan AI business to act as a centralized, interactive hub for the marketing and sale of the banks' products and services. For the Bank of China, the installation of the Smart Customer Retail Platform represents the first in a series of systematic upgrades planned by the bank. The initial installations are expected to generate approximately $1.5 million in revenue during Remark's fourth quarter.

Smart Customer Banking Platform

“The banking industry has gradually transformed from the traditional method of bank employees providing services at the counter to highly personalized AI-driven interactive services. Bank of China's implementation of Remark AI's system reflects the initial capture of the Chinese banking industry's estimated $2 billion annual budget upgrade opportunity as 20,000 branches of major banks are scheduled to be upgraded each year,” noted Kai-Shing Tao, Chairman and Chief Executive Officer of Remark Holdings. “The Smart Customer Retail Platform, which integrates Kankan AI platform, can be customized to meet each branch's marketing goals by personalizing services for each customer.”

Several large banks in China, including the Bank of China have installed the Smart Customer Retail Platform.

KanKan AI's computer vision technology identifies customers, allowing the banks to know whom they are interacting with and also providing targeted and personalized marketing information. Customers can use the platform to complete transactions such as the purchase of investment products and the completion of credit card applications. In addition, Kankan AI provides valuable feedback to bank managers by analyzing customers' interactions on a real-time basis.

Given the initial success, KanKan AI is targeting sales to an additional 500 branches of the banks that participated in the recent pilot rollouts of the Smart Customer Retail Platform.

Additional information regarding KanKan AI and its other innovative solutions can be found on its website (www.remarkdip.com).

Remark Holdings, Inc. (PRNewsFoto/Remark Media, Inc.)

About Bank of China

Bank of China is one of the four biggest state-owned commercial banks in China. It was founded in 1912 by the Republican government to replace the Daqing Bank. It is the second oldest bank in mainland China still in existence (after the Bank of Communications, founded in 1908). From its establishment until 1942, it issued banknotes on behalf of the Government along with the “Big Four” banks of the period: the Farmers Bank of ChinaBank of Communications and Central Bank of the Republic of China. Its headquarters are in Xicheng DistrictBeijing. By the year end of 2019, the Bank of China had a total of 228,000 branches worldwide. As of August 2020, it was the fourth-largest bank in the world in terms of assets, ranked after the other three Chinese banks. Additional information regarding Bank of China can be found on its website (www.boc.cn/en).

About Remark Holdings, Inc.

Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in a wide range of applications within the retail, financial, public safety and workplace arenas. The company also owns and operates an e-commerce digital media property focused on a luxury beach lifestyle. The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please visit the company's website (www.remarkholdings.com).

Forward-Looking Statements

This press release may contain forward-looking statements, including information relating to future events, future financial performance, strategies, expectations, competitive environment and regulation. Words such as “may,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, as well as statements in future tense, identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, including those discussed in Part I, Item 1A. Risk Factors in Remark Holdings' Annual Report on Form 10-K and Remark Holdings' other filings with the SEC. Any forward-looking statements reflect Remark Holdings' current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. Given such uncertainties, you should not place undue reliance on any forward-looking statements, which represent Remark Holdings' estimates and assumptions only as of the date hereof. Except as required by law, Remark Holdings undertakes no obligation to update or revise publicly any forward-looking statements after the date hereof, whether as a result of new information, future events or otherwise.

Company Contacts

E. Brian Harvey
Senior Vice President of Capital Markets and Investor Relations
Remark Holdings, Inc.
[email protected]
702-701-9514

Fay Tian
Vice President of Investor Relations
[email protected]
(+1) 626-623-2000
(+86) 13702108000

 

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/kankan-ai-announces-the-release-of-its-smart-customer-retail-platform-for-the-banking-industry-301186540.html

SOURCE Remark Holdings, Inc.

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
News26 mins ago

TRAC Intermodal Releases Case Study on Port of NY/NJ Chassis Pool Model Success During Record Port Growth

PRINCETON, N.J., Dec. 4, 2020 /PRNewswire/ — As local economies reopen and imports surge at many U.S. ports, ensuring the...

gbafNews28 gbafNews28
News26 mins ago

Eat Beyond Portfolio Company Eat Just is the First to Earn National Approval for Cultured Meat in Singapore

Eat Just Inc. is a global leader with its process of making clean, sustainable meat and eggs VANCOUVER, BC, Dec....

gbafNews28 gbafNews28
News26 mins ago

The Medical Opportunity Flying Under Wall Street's Radar

LONDON, Dec. 4, 2020 /PRNewswire/ — Depression is now the number one disability in the world. And it's costing the economy...

gbafNews28 gbafNews28
News26 mins ago

Bit Digital, Inc. completed the acquisition of $13,902,742 worth of bitcoin miners with total hash rate of 1,003.5 Ph/s

NEW YORK, Dec. 4, 2020 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT), a Nasdaq listed Bitcoin mining company headquartered in New...

gbafNews28 gbafNews28
News26 mins ago

KanKan AI Announces the Release of its Smart Customer Retail Platform for the Banking Industry

LAS VEGAS, Dec. 4, 2020 /PRNewswire/ — Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence...

gbafNews28 gbafNews28
News27 mins ago

Dominica's Cabrits Kempinski Resort Becomes the First Recipient of the Annual World MICE Awards

LONDON, Dec. 4, 2020 /PRNewswire/ — The Commonwealth of Dominica's real estate sector has been making international waves in recent...

gbafNews28 gbafNews28
News27 mins ago

Russian Railways Pioneered Debut International Social Bond Issue out of Russia

Lowest interest rate ever achieved for a RUB Eurobond (tenor over 5 years) MOSCOW, Dec. 4, 2020 /PRNewswire/ — Russian...

gbafNews28 gbafNews28
News27 mins ago

Sabine Royalty Trust Announces Monthly Cash Distribution For December 2020

DALLAS, Dec. 4, 2020 /PRNewswire/ — Simmons Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash...

gbafNews28 gbafNews28
News27 mins ago

Fanplayr Partners with PFG

PALO ALTO, Calif., Dec. 4, 2020 /PRNewswire/ — Fanplayr, a leader in online behavioral personalization and AI for the past...

gbafNews28 gbafNews28
News27 mins ago

Daiki Axis Co., Ltd. (4245, Tokyo) Overview of Operating Performance for the Nine Months Ended September 30, 2020

TOKYO, Dec. 4, 2020 /PRNewswire/ — Summary of Results The business environment surrounding the Company deteriorated during the nine months...