2007'10.31.Wed
SMIC Attains Validated End-User Status from U.S. Government
October 19, 2007
SHANGHAI, China, Oct. 19 /Xinhua-PRNewswire/ --
Semiconductor Manufacturing International Corporation
("SMIC"; NYSE: SMI; SEHK: 0981.HK), one of the
leading foundries in the world today, announced that the
U.S. export control agencies have named SMIC in their
initial list of trusted customers in the "Validated
End-User" program (VEU).
(Logo: http://www.xprn.com.cn/xprn/sa/200611101605.jpg
)
Administered by the U.S. Commerce Department, VEU will
facilitate U.S. exports to China by removing licensing
requirements on approved dual-use equipment and materials
to approved facilities in China. SMIC is one of only five
companies in the world to receive VEU status.
With a track record of transparent commercial use of
U.S.-controlled technology, SMIC now can receive and use
approved U.S. equipment and materials without the delays
and costs associated with traditional export licensing.
Moreover, unlike traditional licensing, this VEU
authorization applies across sites (to all facilities
included in SMIC's VEU application, including Cension in
Chengdu), extends to all technology nodes included in
SMIC's VEU application, and has no expiration date.
Matthew Szymanski, Vice President for Corporate
Relations and Manager of Export Compliance for SMIC, said,
"SMIC is happy to be among the first trusted customers
in this program. VEU will further enhance our ability to
buy leading edge equipment and supplies from the U.S., and
advance our technological capabilities. VEU should assist
our long-term planning because it removes licensing
uncertainties for all facilities that we own or operate,
currently including Cension in Chengdu and, we anticipate,
WXIC in Wuhan (when it is mature enough to qualify). In
the big picture, the VEU program should simplify the sale
of U.S. equipment and supplies to China, contributing
toward more balanced U.S.-China trade."
About SMIC
Semiconductor Manufacturing International Corporation
("SMIC"; NYSE: SMI; SEHK: 981) is one of the
leading semiconductor foundries in the world and the
largest and most advanced foundry in Mainland China,
providing integrated circuit (IC) manufacturing service at
0.35um to 90nm and finer line technologies. Headquartered
in Shanghai, China, SMIC has a 300mm wafer fabrication
facility (fab) under pilot production and three 200mm wafer
fabs in its Shanghai mega-fab, two 300mm wafer fabs in its
Beijing mega-fab, a 200mm wafer fab in Tianjin, and an
in-house assembly and testing facility in Chengdu. SMIC
also has customer service and marketing offices in the
U.S., Europe, and Japan, and a representative office in
Hong Kong. In addition, SMIC manages and operates a 200mm
wafer fab in Chengdu owned by Cension Semiconductor
Manufacturing Corporation and a 300mm wafer fab under
construction in Wuhan owned by Wuhan Xinxin Semiconductor
Manufacturing Corporation. For more information, please
visit http://www.smics.com .
Information on VEU is available from the following web
sites:
http://www.access.gpo.gov/bis/ear/pdf/748.pdf
http://www.bis.doc.gov/usChinaExportRule.htm
SMIC Press Contact:
Reiko Chang
Corporate Relations
Tel: +86-21-5080-2000 x10544
Email: PR@smics.com
PR
2007'10.31.Wed
Wind Power Shanghai 2007 to Be Held in November
October 19, 2007
Development of Wind Power Accelerating in Coastal Areas
SHANGHAI, Oct. 19 /Xinhua-PRNewswire/ -- At a time when
wind power is vigorously developing in China, "Wind
Power Shanghai 2007" will be held in Shanghai from
November 1-3, 2007. This exhibition, jointly organized by
Chinese Renewable Energy Industry Association, the Chinese
Wind Energy Association, the Global Wind Energy Council and
Shanghai International Exhibition Co. Ltd., is the most
important event in China's wind power industry this year.
(Logo:
http://www.xprn.com/xprn/sa/20061108114544-37-min.jpg )
This exhibition is composed of two major parts: the
exhibition and conference. The exhibition space covers
9,000 square meters, with 110 exhibitors from 18 countries
and regions participating. The number of visitors is
expected to reach 10,000. Major wind power equipment
manufacturers from across the world, such as Vestas,
Suzlon, General Electric, Nordex, Acciona, and Airtricity,
along with well-known wind power enterprises in China,
including, Xinjiang Goldwind, Shanghai Electric and
Zhejiang Windey, will host their shows in large spaces.
Meanwhile, British companies will participate as U.K.
Pavilion. Participation of many domestic and foreign spare
parts manufacturers will help comprehensively embody the
wind power industrial chain.
The conference is the second important component of
this event. 300 delegates are expected to attend the
meeting and its main topics will cover policies,
experience, technologies, wind power markets, wind
measurement, project development and operation, wind farm
at sea, investment and financing in connection with the
development of wind power at home and abroad. Officials of
energy resources and environmental protection departments
from several countries are expected to come to China in
order to attend the event, and representatives of the
United Nations Environment Program, Global Wind Energy
Council, European Wind Energy Association, American Council
of Renewable Energy, World Bank and other international
organizations will also be in attendance. The relevant
departments of the state and officials of departments in
charge of wind power from provinces across China will also
attend, as well as leaders from major domestic and foreign
wind turbine manufacturers.
The call for reducing discharge of greenhouse gases is
becoming increasingly louder worldwide and wind power has
shown its great potential for dealing with the change of
climate, alleviating pressure on energy security and
satisfying demand for energy resources as a kind of clean
and high-efficient energy.
China has one billion kilowatts of exploitable wind
energy resources (250 million kilowatts on land and 750
million kilowatts at sea). China's Medium and Long-Term
Development Plan for Renewable Energy Resources indicates
the total installed capacity of wind power will reach five
million kilowatts by 2010 and 30 million kilowatts by 2020.
The plan proposes to promote technical progress and
industrial development of wind power, realize local
production of wind power equipment and make wind power more
competitive in the market as soon as possible through
large-scale wind power development and construction
projects, bringing the economic advantage of wind power
into play in economically developed China's coastal areas,
while also bringing the resource advantage of wind power
into play in the northwest, the far north of Northern China
and Northeastern China by building large and super-large
wind power farms.
The total content of wind power resources in Shandong
Province is 67 million kilowatts, equaling the installed
capacity of 3.68 Three Gorges Hydropower Stations, ranking
third in China. The wind power development program of
Shandong Province plans to increase its total installed
capacity to one million kilowatts by 2010. Jiangsu
Province, located in the center of the eastern coastal
area, has the largest marine radiation sandbank in the
world and very rich wind power resources. Wind power
development in Qidong, Rudong, Yancheng, Dongtai, and
Dafeng etc. draws attention from home and abroad and the
wind power manufacturing industry keeps developing rapidly
there. Jiangsu is expected to rank among the big wind
power provinces with an annual output of one million
kilowatts in a year. Zhejiang Province, which has the
longest coastal line in China, is rich in wind power
resources along its coastline and at sea, and further wind
power projects are planned for Cangshan, Dachen Island,
Qushan Island, and the Cixi Wind Power Field. Fujian
started to develop wind power resources early and
accelerated its development in recent years. Construction
of the six big wind power projects in Liuao in Zhangpu
County, Aojiao in Dongshan County, Chongwu in Huian County,
Jiangtian in Changle County, Gulei in Zhangpu County and
Meiling in Shaoan County will increase Fujian's installed
capacity by more than 600,000 kilowatts.
Shanghai has rich wind power resources and at least 83%
of "wind duration" is exploitable in a year. The
broad sea area is ideal for building wind power farms. The
first wind power project at sea is being built east of the
East Sea Bridge in Shanghai and its total installed
capacity is as much as 100,000 kilowatts, which will create
a new era in the development of wind power at sea in China.
The prologue is beginning for China's coastal areas to bring
their economic advantages into play and accelerate the
development of wind power.
About Shanghai International Exhibition Co., Ltd.
(SIEC)
Shanghai International Exhibition Co., Ltd. (SIEC) is
jointly invested in by Shanghai World Expo (Group) Co.,
Ltd. and the Council for the Promotion of International
Trade, Shanghai. The SIEC was founded on July 1st, 1984
with the approval of the Ministry of Foreign Trade &
Economic Cooperation and the People's Government of
Shanghai Municipality.
The SIEC is a full member of Union des Foires
Internationales (UFI). The SIEC has held 500 international
exhibitions of various themes and sizes. It also has
successfully held a number of solo exhibitions at national
level.
"AUTO SHANGHAI", "SHANGHAITEX",
"CHINA CYCLE", "FASHION SHANGHAI",
"ELE/PT COMM CHINA" are among the first eight
exhibitions approved excellent by The Evaluation Committee
of Shanghai Conventional & Exhibition Industries.
For more information, please contact:
Rice Song
Shanghai International Exhibition Co., Ltd.
Tel: +86-21-6279-2828
Fax: +86-21-6545-5124
Email: ricesong@siec-ccpit.com
2007'10.31.Wed
FARO's New Fusion FaroArm Blends Higher Accuracy, Lower Cost
October 19, 2007
SINGAPORE, Oct. 19 /Xinhua-PRNewswire/ -- FARO
Technologies, Inc. (Nasdaq: FARO), the world market leader
in portable computer-aided measurement arms and laser
tracker sales, announced the release of the Fusion FaroArm.
The new device blends styling cues of the Company's Quantum
FaroArm, but with a dramatically lower price and up to
15-percent higher accuracy than the Titanium Series it
replaces.
"Using technological advances we achieved when
developing the Quantum, we were able to create a new
entry-level model with .0014-inch (0.036 mm) accuracy and
offer it at a competitive market price," FARO
President and CEO Jay Freeland said. "High precision
at this price point is unheard of, and fulfills a sizable
market demand."
Designed for manufacturers who want in-process
measurement, reverse-engineering capabilities and the
ergonomics of the flagship Platinum FaroArm, the Fusion's
accuracy and lightweight construction mean that shop floor
personnel now have an even more affordable, portable
solution for their measurement needs.
To operate, users simply guide the Arm's touch-probe
along the surface of the object to be measured. The
Fusion's laptop computer simultaneously illustrates the 3-D
measurements on-screen and records all of the data. It
creates a 3-D "blueprint" of a part or machine
components, making it an all-in-one portable tool for
performing inspections, tool certification, CAD-to-Part
analysis, or reverse engineering.
"For manufacturers that want to make their
products and processes the best in the world, there isn't
another portable coordinate measurement machine [CMM] on
the market that combines the accuracy, durability,
technology and cost-effectiveness of the Fusion,"
Freeland said.
The new Fusion FaroArm will be available for shipment
in November 2007.
About FARO
With more than 13,500 installations and 6,500 customers
globally, FARO Technologies, Inc. designs, develops, and
markets portable, computerized measurement devices and
software used to create digital models - or to perform
evaluations against an existing model - for anything
requiring highly detailed 3-D measurements, including part
and assembly inspection, factory planning and asset
documentation, as well as specialized applications ranging
from surveying, recreating accident sites and crime scenes
to digitally preserving historical sites.
FARO's technology increases productivity by
dramatically reducing the amount of on-site measuring time,
and the various industry-specific software packages enable
users to process and present their results quickly and more
effectively.
Principal products include the world's best-selling
portable measurement arm - the FaroArm; the world's
best-selling laser tracker - the FARO Laser Tracker; the
FARO Laser ScanArm; FARO Laser Scanner LS; the FARO Gage,
Gage-PLUS and PowerGAGE; and the CAM2 family of advanced
CAD-based measurement and reporting software. FARO
Technologies is ISO-9001 certified and ISO-17025 laboratory
registered. Learn more at http://www.faro.com
For more information, please contact:
Darin Sahler, Global PR Manager,
FARO Technologies, Inc.
Tel: +1-407-333-9911
Email: Darin.Sahler@faro.com
2007'10.31.Wed
Cognizant to Acquire marketRx, a Leading Provider of Life Sciences Market Analytics
October 19, 2007
Strategic acquisition to expand Cognizant's Life Sciences
industry offerings
TEANECK, N.J., Oct. 19 /Xinhua-PRNewswire/ --
Cognizant Technology Solutions Corporation (Nasdaq:
CTSH), a leading provider of global IT and business process
outsourcing services, today announced that it has signed a
definitive agreement to acquire NJ-based marketRx, Inc., a
leading provider of analytics and related software services
to global Life Sciences companies in the pharmaceutical,
biotechnology and medical devices segments. Cognizant will
pay approximately $135 million in cash, which will be
funded from current cash reserves.
This acquisition strengthens Cognizant's full-suite of
offerings across all areas of the Life Sciences value chain
- from Research & Development and Manufacturing to Sales
& Marketing Operations. marketRx combines analytics,
market research and software services to provide scalable,
web-based solutions in three functional areas for Life
Sciences companies: Sales Management & Operations,
Brand Marketing & Product Management and Market
Research. marketRx brings an impressive client base to
Cognizant representing a total of 75 Life Sciences
customers, including all of the largest 20 pharmaceutical
companies and 4 out of the top 5 biotech companies.
"We welcome the marketRx employees and management
team to Cognizant. This acquisition expands our
capabilities in the analytics segment and broadens our
service offerings for the Life Sciences industry, while
providing strong synergies with our existing Business
Intelligence/Data Warehousing and CRM services," said
Francisco D'Souza, president and CEO, Cognizant.
"marketRx's proven global delivery model for
analytics, deep domain knowledge and proprietary analytics
software platform have helped the Company build an
impressive client list in the Life Sciences market and
yield strong organic growth. We expect to leverage these
assets to establish a pre-eminent position in the
fast-growing analytics market both in Life Sciences and
other industries."
"We are very pleased to join the Cognizant family.
The combination of our market leading position in the Life
Sciences analytics segment and Cognizant's strengths as a
top global services player will allow us to expand our
relationships with our Life Sciences clients by providing
them with a broader range of outsourced services, and
conversely enables us to extend our capabilities to other
vertical markets," said Jaswinder (Jassi) Chadha,
founder, president & CEO, marketRx, Inc. "We found
a great cultural fit between both companies in terms of
entrepreneurial spirit, commitments to client satisfaction,
strong client retention record, proven high-touch
onsite/offshore model and overall vision for the future of
the global services industry."
Subject to the satisfaction of certain closing
conditions, the transaction is expected to close in the
fourth quarter of 2007.
About marketRx
With over 430 employees in the U.S., India and Europe,
marketRx enables customers at global pharmaceutical and
biotechnology companies to improve the effectiveness of
their sales and marketing operations. Sequoia-backed
marketRx has received many notable industry recognitions
since its inception in 2000 including Deloitte's fastest
growing technology companies in North America for two
consecutive years (2005 and 2006), PwC & Entrepreneur
Magazine's 'Hot 100' fastest growing companies in the U.S.
(2005), Inc. 500's "Fastest Growing 500
companies" (2005) and SiliconIndia Magazine's
"si100 list of Top 100 technology companies formed in
the U.S. by people of Indian origin".
About Cognizant
Cognizant (Nasdaq: CTSH) is a leading provider of
global IT and business process outsourcing services.
Focused on delivering strategic information technology
solutions that address the complex business needs of its
clients, Cognizant uses its own on-site/offshore
outsourcing model to provide applications management,
development, integration, and reengineering, infrastructure
management, business process outsourcing, and numerous
related services, such as enterprise consulting, technology
architecture, program management, and change management.
Cognizant has approximately 49,000 employees who are
committed to partnerships that sustain long-term, proven
value for customers by delivering high-quality,
cost-effective solutions through its development centers in
India and on-site client teams. Cognizant maintains P-CMM,
SW-CMM and CMMI Maturity Level 5 assessments from an
independent third-party assessor and ranked among the top
information technology companies in Business Week's Hot
Growth Companies and Forbes Global 2000 list. Cognizant is
a member of the NASDAQ-100 Index and the S&P 500 Index.
Find additional information about Cognizant at
www.cognizant.com.
Forward-Looking Statements
This press release includes statements which may
constitute forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, the accuracy of which are necessarily
subject to risks, uncertainties, and assumptions as to
future events that may not prove to be accurate. Factors
that could cause actual results to differ materially from
those expressed or implied include general economic
conditions and the factors discussed in our most recent
Form 10-K and other filings with the Securities and
Exchange Commission. Cognizant undertakes no obligation to
update or revise any forward-looking statements, whether as
a result of new information, future events, or otherwise.
For more information, please contact:
Kirsten Paragona, Director, Corporate Media Relations
Phone: +1-978-356-3342
Email: Kirsten.paragona@cognizant.com
Investors, Financial
Scot Hoffman, Financial Dynamics
Phone: +1-212-850-5617
Email: scot.hoffman@fd.com
2007'10.31.Wed
38.7 Million People Break Guinness World Record for Stand Up Speak Out on International Day for the Eradication of Poverty
October 19, 2007
Online press conference today with Mary Robinson, President, Realizing Rights, the ethical global initiative, Salil Shetty (UNMC) and Kumi Naidoo (GCAP) at 14.00GMT - log on at http://www.standagainstpoverty.org/press/conference NEW YORK, Oct. 19 /Xinhua-PRNewswire/ -- Over 38.7 million people, in 110 countries have broken the Guinness World Record -- set last year at 23.5 million -- for the largest number of people to "STAND UP AGAINST POVERTY" in 24 hours. (Photo: http://www.newscom.com/cgi-bin/prnh/20071018/NYTH092 ) The "Stand Up and Speak Out" record attempt took place over 16th and 17th October and was jointly organised by the United Nations Millennium Campaign (UNMC) and the Global Call to Action against Poverty (GCAP) with a wide range of other partners. The challenge saw millions of people physically and intentionally standing up against poverty, inequality and in support of the Millennium Development Goals. They spoke out to demand a more urgent political response to the growing crisis of global poverty. United Nations Secretary General, Ban Ki-moon, who led a stand up action at UN Headquarters in New York, said, "Today tens of millions of people are making their voices heard by standing up and speaking out against poverty and for the Millennium Development Goals. They are sending messages that call on their leaders to keep their promises. They are calling for the actions of citizens to be matched by the actions of Governments, in developing and developed countries alike, to demonstrate the political will required to end the scourge of poverty once and for all." For 24 hours from 9pm GMT on the 16th of October, people around the world from all walks of life came together in their schools, streets, market places, in front of government buildings and local councils, in workplaces and houses of worship, at sports and cultural events and at public landmarks to demonstrate their frustration that we still live in a world where 50,000 people die daily from preventable causes. The mass mobilisation provided a platform for global civil society seeking more active involvement in the current aid architecture debate, debt cancellation processes, trade negotiations and public accountability monitoring. The largest numbers of people who took part in this mobilisation came from developing countries. Kumi Naidoo, Chair of the Global Call to Action Against Poverty said: "The confirmation of the new Guinness record coupled with the political dimension to this year's action, tells us we are a growing movement of people holding our leaders to account for tackling global poverty and inequality. The impressive efforts of our brothers and sisters in developing countries through new lobbying actions like delegations to politicians on this date, shows the poor are watching how resources are allocated and want to have a say how policies are made. It now falls on rich countries to fulfil their side of the bargain too." The UN Millennium Campaign's Executive Coordinator Eveline Herfkens said: "Together we have broken the incredible record for the largest number of people standing up to demand action on poverty. But the record we really want to break is the world's record of breaking promises and ignoring the poor. We don't want to record numbers of people dying of poverty every year. This is the great issue of our times, let us become great by dealing with it decisively." 'Stand Up' regional overview of World record numbers Africa: 7,473,057 Arab Region: 2,546,885 Asia: 27,612,061 Europe: 144,931 Latin America & Caribbean: 734,105 North America: 109,828 Oceania: 117,333 For further details and country breakdowns please visit www.standgagainstpoverty.org/press Country Highlights -- In India all over the country people of all ages were standing up. In Madhya Pradesh, a state in central India, five million people participated. DAV Schools, the largest public school system of the country, reported 500,000 voices against poverty and at Kashmir University, 35,000 students stood up. Also in Delhi, one of four Women's Tribunals on Poverty gathered 400 women from 20 states to debate how gender exclusion and discrimination impede development in poor countries. -- In Bangladesh just under 850,000 people stood up with the main event held at Dhaka City office and led by the Mayor followed by a high profile concert. People called for cancellation of debt servicing to eradicate poverty and at the end 1000 candles were lit to express solidarity with the GCAP movement. -- In South Africa, children in Pretoria stood up and the residents of the Big Brother Africa House joined the call lighting a bonfire against poverty which burned for the 24 hour period (see www.mnetafrica.com/bigbrother/videogallery.asp). -- In Malawi children were asked to bring a blade of grass to a local football match, the sum of which was their total of 15,584 participants. -- In the Philippines, a massive 7+million people were mobilised at events involving faith groups and at the Anti Poverty fair. Campaigners called on the Arroyo government to change their position regarding the worsening condition of millions of Filipinos trapped in poverty. -- Pakistani campaigners mobilised over 3.5 million including thousands who helped unfurl a 10km-long banner, In Bahawalpur carrying one million written messages. Pakistan was one of 25 countries across the world using giant banners to form a white band, the symbol of the global anti-poverty movement. -- Palestinian children throughout the Occupied West Bank and Gaza spoke out saying no to poverty. The activities organized jointly with the Palestinian Ministry of Education took place for the first time in public and private schools, as well as UNWRA schools. -- In Ramallah, a choir from the University performed a new musical work "The Poverty Requiem" as one of a global chain of 20 performances that took place on every continent. A high school choir also performed the piece at the UN Headquarters in New York. -- In Egypt, Cairo the "Sailing the Nile" initiative saw over a million participants. -- Civil Society delegations to government were organised in an unprecedented coordinated global lobby against poverty. Somalia was one of 35 countries where civil society representatives organised a group to present demands for pro-poor policy change directly to their politicians. -- In The Hague, the national anti poverty campaign displayed 200 uniquely created life-size 'Avatars' whilst in London the UN Deputy Secretary General stood up with key women leaders in front of city hall. -- In Rwanda, youth groups organized a Stand Up soccer tournament with 20 primary schools and in Bangladesh 10,000 young people blocked a busy crossroads with a human chain. -- Faith leaders Stand Up and Speak Out -- At papal mass at the Vatican Pope Benedict XVI sent a message of support urging increased efforts to eliminate poverty. Indian spiritual leader his holiness Sri Sri Ravi Shankar mobilized 30,000 people at his ashram in Bangalore and millions more across the globe to raise their voices through the Art of Living Foundation. Micah Challenge, the global Christian campaign took part and In the US, Canada and Europe Episcopal and Lutheran churches made the MDGs their top social justice priority by appointing an MDG-focused organizer in every diocese. Visit http://www.standagainstpoverty.org for full list of events from around the world Notes to Editors: The Global Call to Action against Poverty (GCAP) is a civil society alliance of social movements, International NGOs, trade unions, community groups, women's organizations, faith and youth groups, local associations and campaigners working together across more than 100 national coalitions/platforms. GCAP is calling for action from the world's leaders to meet their promises to end poverty and inequality. In particular, GCAP demands solutions that address the issues of; public accountability, just governance and the fulfilment of human rights; trade justice; more and better aid; debt cancellation and gender equality and women's rights. The UN Millennium Campaign was established by UN Secretary General Kofi Annan in 2002. The Campaign supports citizens' efforts to hold their governments to account for the achievement of the Millennium Development Goals. The Millennium Development Goals, formally adopted by 189 countries in the year 2000 are a set of eight specific goals which commit rich and poor countries to work together to eradicate extreme poverty and hunger, ensure all boys and girls complete primary school, promote gender equality, improve the health of mothers and children, reverse the spread of HIV/AIDS, protect the environment, and create a global partnership for development by ensuring rich countries give more and better aid, debt relief and trade opportunities to poorer countries. For more information, please contact: Ciara O'Sullivan Global Call to Action against Poverty (GCAP) Media Coordinator Phone: +34-679-594-809 Email: ciara_os@hotmail.com Website: http://www.whiteband.org Anand Kantaria Global Media Coordinator, United Nations Millennium Campaign Phone: +44-7908-230-165 Email: Anand.kantaria@undp.org Website: http://www.endpoverty2015.org
2007'10.31.Wed
Financial Risk Manager (FRM(R)) Program Reaches New Milestone
October 19, 2007
Double digit record growth reaffirms the global recognition
and acceptance of the FRM designation
NEW YORK and LONDON, Oct. 19 /Xinhua-PRNewswire/ -- The
Financial Risk Manager (FRM(R)) Program reached an all-time
high in candidate registrations in 2007 with 10,135,
representing a 25% increase from the 2006 total of 8,077,
the Global Association of Risk Professionals (GARP:
www.garp.org ) announced today.
"With the increasing complexity of financial
instruments and trading strategies, the demand for risk
management skills is growing quickly. It is gratifying for
GARP and the FRM Committee that the FRM exam is chosen by so
many individuals to demonstrate their command of risk
management practices, concepts and theories," states
Dr. Rene Stulz, Chairman of the FRM Committee and member of
the GARP Board of Trustees. "They understand that the
FRM Committee has high standards and that they will be
rewarded professionally for meeting them."
Highly sought after, the FRM designation is gaining
momentum annually. In fact, the FRM program has experienced
a compounded annual growth rate of 22% over the last 6
years, higher than any other financial certification
program in any 6-year period in history. The FRM exam was
first administered in 1997 with only 108 registrants and 7
testing locations. Now there are 10,135 candidates
registered in 73 testing locations for this year's FRM
examination to be held on November 17th.
The FRM program has also seen an increase in employers
encouraging their employees to obtain the FRM designation
as well as hiring managers requiring it for senior level
jobs. Companies and organizations with 5 or more FRM
registrants grew from only 105 in 2003 to 335 in 2007.
"The FRM designation is proving year after year to
be a valuable credential to employers at commercial and
investment banks, insurance firms, brokerage firms,
corporations, consulting firms, asset management firms,
regulatory bodies, academic institutions, corporate
treasury operations and software vendors worldwide"
said Richard Apostolik, GARP President and CEO. "Based
on its growth, earning the FRM designation has become the
standard financial risk managers must meet in order to
objectively demonstrate competence in the profession of
financial risk management. We see more and more
established firms such as KPMG, Morgan Stanley, Genworth
Financial and NY Life requesting that their candidates for
senior level risk manager positions have the FRM."
About GARP
The Global Association of Risk Professionals (GARP) is
a not-for-profit independent association of over 67,000
risk management practitioners and researchers representing
banks, investment management firms, government agencies,
regulatory bodies, academic institutions and corporations
from more than 167 countries worldwide. It also administers
the Financial Risk Manager (FRM(R)) examination, the world's
premier certification for the financial risk professional.
GARP's mission is to be the leading professional
association for risk managers, managed by and for its
members dedicated to the advancement of the risk profession
through education, training an the promotion of best
practices globally. http://www.garp.org
If you would like more information about this topic, or
to schedule an interview, please call Greg Winsper at +1
201-719-7240 or e-mail Greg at greg.winsper@garp.com
Contact: Greg Winsper
Global Association of Risk Professionals
111 Town Square Place
Suite 1215
Jersey City, NJ 07310
Phone: +1-201-719-7240
Fax: +1-201-222-5022
Email: greg.winsper@garp.com
2007'10.31.Wed
Chinese Bondholders Group Complains to SEC About Lax Enforcement and `Double Standard'
October 18, 2007
Calls SEC and credit rating agencies `silent accomplices'
in Chinese bond fraud
WASHINGTON, Oct. 18 /Xinhua-PRNewswire/ -- Announcement
by American Bondholders Foundation -- The head of the
American Bondholders Foundation charged in a complaint
filed with the U.S. Securities and Exchange Commission that
the People's Republic of China is defrauding American
investors.
The complaint filed by the Tennessee-based group of
Chinese bondholders accused the Chinese government of
attempting to "perpetrate a deception upon the
investing public through omissions of fact (in the form of
`half-truths') and the intentional concealment of material
facts..."
"The Securities and Exchange Commission has been
lax in enforcing disclosure requirements against
China," said ABF President Jonna Z. Bianco.
"If America's investing public knew and understood
the details of the dark history of China and its refusal to
pay its debts to Americans, China would not be able get
another dime from the American people".
"Thousands of Americans who invested in pre-1949
bonds to help China at a time when China desperately needed
help can now attest to the fact that poisoned pet food and
toys are not the only bad things to come out of China. The
Chinese government continues to peddle new bonds while
refusing to honor bonds issued in the past.
"And the most shameful dimension of all of this is
the U.S. Securities and Exchange Commission sits as a silent
accomplice while more Americans are exposed to the
swindle."
"The credit rating agencies, Standard and Poor's,
Moody's and Fitch are clearly aware of China's defaults,
yet turn a blind eye in order to rake in immense profits
from China even though giving premium credit rating status
to the People's Republic of China enables the opportunity
for more losses to American investors. The rating
agencies' failure to acknowledge China's default by
assigning the truthful `Selective Default' rating
classification to the Chinese government (as required by
the rating agencies' own published definitions and rating
criteria) reveals the credit rating agencies' complicity
with China in the perpetration of a fraud upon the
investing public. Investors have experienced the
devastating effects firsthand from similar scandals in the
past, including World Com, Enron, and most recently, the
sub-prime markets ... when will it end?"
The ABF Complaint was addressed to SEC Chairman
Christopher Cox and three other officials of the federal
agency. It requests that the SEC "hold the People's
Republic of China, their state-owned enterprises,
businesses and corporations to the very same policies and
procedures, rules and regulations, laws of proper
disclosure and reporting requirements that U.S. businesses
and corporations are required to adhere to."
The American Bondholders Foundation, LLC is an
organization comprised of U.S. individual owners of Chinese
Government full faith and credit bonds issued prior to 1949
and due to mature in 1960, which seeks to require China to
abide by settled international law and honor its
contractual sovereign obligations to bondholders.
China has refused to make payments to American
bondholders even though it settled the claims of British
bondholders in 1987.
For a copy of the complete ABF- SEC complaint, please
contact:
James Lafferty, Press Secretary
American Bondholders Foundation, LLC
Tel: +1-931-359-8781/ +1-703-931-2324
2840 Glasscock Road
Lewisburg, TN 37091
http://www.americanbondholdersfoundation.com
http://www.globalsecuritieswatch.org
2007'10.31.Wed
AerCap Holdings N.V. to Release Third Quarter 2007 Financial Results on November 8, 2007
October 18, 2007
AMSTERDAM, The Netherlands, Oct. 18 /Xinhua-PRNewswire/
-- AerCap Holdings N.V. ("AerCap," NYSE: AER)
announced today that it will host a conference call and
webcast for investors and analysts at 9:30 a.m. EST on
Thursday, November 8, 2007 to review its third-quarter 2007
financial results. The conference call will be hosted by
Klaus Heinemann, Chief Executive Officer of AerCap, Keith
Helming, Chief Financial Officer of AerCap, and Peter
Wortel, Head of Investor Relations.
AerCap's third-quarter earnings press release will be
released before financial markets open in the United States
on November 8, 2007. A copy of the press release will be
posted to the "Investor Relations" section of
AerCap's website at http://www.aercap.com .
The call can be accessed live by dialing (U.S.
investors) 800-772-1085 or (International investors)
+1-706-634-5464 and referencing code 20964418 at least 5
minutes before start time, or by visiting AerCap's website
at http://www.aercap.com under 'Investor Relations'.
A replay of the call will be available beginning at
1:00 p.m. EST on November 8, 2007 and continuing through
Thursday, November 22, 2007. To access the recording, call
800-642-1687 and enter pass code 19286535 dialing (U.S.
investors) 800-642-1687 or (International investors)
+1-706-645-9291, passcode 20964418. The webcast replay
will be archived in the "Investor Relations"
section of the company's website for one year.
About AerCap Holdings N.V.
AerCap is an integrated global aviation company with a
leading market position in aircraft and engine leasing,
trading and parts sales. AerCap also provides aircraft
management services and performs aircraft and engine
maintenance, repair and overhaul services and aircraft
disassemblies through its certified repair stations.
AerCap has a fleet of 325 aircraft and 65 commercial
engines that were either owned, on order, under contract or
letter of intent, or managed. AerCap is headquartered in
The Netherlands and has offices in Ireland, the United
States, China and the United Kingdom.
This press release may contain forward-looking
statements that involve risks and uncertainties. In most
cases, you can identify forward-looking statements by
terminology such as "may", "should",
"expects", "plans",
"anticipates", "believes",
"estimates", "predicts",
"potential" or "continue" or the
negative of such terms or similar terminology. Such
forward-looking statements are not guarantees of future
performance and involve significant assumptions, risks and
uncertainties, and actual results may differ materially
from those in the forward-looking statements.
For more information, please contact:
Investors
Peter Wortel
AerCap Holdings N.V.
Tel: +31-20-655-9658
Email: pwortel@aercap.com
Media
Frauke Oberdieck
AerCap Holdings N.V.
Tel: +31-20-655-9616
Email: foberdieck@aercap.com
2007'10.31.Wed
Millions 'Stand Up and Speak Out' on the International Day for Eradication of Poverty
October 18, 2007
Online Announcement of World Record Figures
Online press conference on 18th October at 14.00 GMT
NEW YORK, Oct. 18 /Xinhua-PRNewswire/ -- Join us to
hear the officially verified Guinness World Record number
for the number of people who took part in the "Stand
Up and Speak Out" challenge on the International Day
for the Eradication of Poverty.
Last year 23.5 million people took part across 12,000
events and this year we expected to break the record with
millions more joining the growing global movement of people
who refuse to stay seated or silent in the face of poverty
and broken promises to end it.
Joining the press conference will be the following
speakers:
Salil Shetty, Global Director, United Nations
Millennium Campaign
Kumi Naidoo, Chair of the Global Call to Action against
Poverty
Also available to answer regional questions from
journalists will be:
Tajudeen Abdul Raheem, Africa Director, United Nations
Millennium Campaign
Minar Pimple, Asia Director, United Nations Millennium
Campaign
(India/South Asia)
Ana Agostino, Co-Chair of GCAP, Member of GCAP's
Feminist Taskforce Latin
America & Caribbean
Join the online press conference by logging on to:
http://standagainstpoverty.org/press/conference
The press conference will take the form of a live audio
feed and journalists questions will be submitted via a chat
interface on the web page. No password is necessary to
join, you will need Adobe Flash Player.
Please also note that video feeds of various regional
events are available via APTN at the following bulletins:
1330g/1430g and these will also run on the 1830/1930g
Coverage from the following countries expected on these
feeds: Nairobi/Kabul/Manila/Bahawalpur, Pakistan
For more information, please contact:
Ciara O'Sullivan
GCAP Media Coordinator
Tel: +44-77672-46880
+34-679-594-809
Email: ciara_os@hotmail.com
Anand Kantaria
Global Media Coordinator
United Nations Millennium Campaign
Tel: +1-212-906-6783
Email: Anand.kantaria@undp.org
2007'10.31.Wed
Abbott Scientists Create One Molecule With Two Antibody Functions
October 18, 2007
First Combination of Large Molecules to Show Drug-like
Properties and Manufacturing Feasibility
ABBOTT PARK, Ill., Oct. 18 /Xinhua-PRNewswire/ --
Abbott (NYSE: ABT) reported today that its scientists are
the first to discover a proprietary technology that
combines the function and specificity of two or more
monoclonal antibodies (mAbs) into one molecular entity that
demonstrates drug-like properties and manufacturing
feasibility. These molecules, called dual-variable domain
Ig (DVD-Ig(TM)) (
http://www.abbott.com/global/url/content/en_US/60.15:15/feature/Feature_0029.htm
), will allow for development of individual drug candidates
that target multiple disease-causing molecules in various
therapeutic categories.
Published online earlier this week in Nature
Biotechnology (
http://www.nature.com/nbt/journal/vaop/ncurrent/full/nbt1345.html
), this landmark study demonstrates a completely new
platform that may be relevant to cancer, autoimmune
diseases and other complicated conditions in which multiple
disease-mediators are at play. Simultaneous blockage of
multiple targets using DVD-Ig agents may increase efficacy
in comparison to inhibition of a single target using a mAb.
"Combining the specificity of two or more
antibodies into one drug has been a significant challenge
for researchers looking at next generation biologic
therapies," said Abbott Scientists Chengbin Wu, Ph.D.
and Tariq Ghayur, Ph.D., who designed the DVD-Ig molecules
and led the research team. "Abbott's approach is
remarkably versatile and efficient in creating a single
molecular entity with drug-like properties and the ability
to target multiple disease mediators. We are very excited
about the doors this opens in drug development across a
range of therapeutic areas."
The process of combining two or more mAbs involves the
use of molecular biology techniques, such as polymerase
chain reaction (PCR), to link the regions (variable
domains) of two different antibodies that target specific
disease-causing molecules. The resulting molecule has two
different (dual) variable domains, each of which targets a
different disease-causing antigen.
While other public and private research programs have
endeavored to combine two antibodies into one entity, the
results have been limited by poor pharmacokinetics,
stability and manufacturing feasibility.
Addressing only one disease target with a traditional
mAb can result in limited efficacy because the disease can
progress on multiple levels. For example, in rheumatoid
arthritis (RA) distinct disease mediators (mechanisms)
contribute towards various aspects of the disease such as
inflammation, angiogenesis, pannus formation (thickened
layers of granulation tissue) and bone and cartilage
erosion. Therefore, targeting two or more disease
mechanisms in RA may show far greater efficacy than
targeting a single mechanism.
Using the DVD-Ig technology, research teams at Abbott
have already created a single drug candidate that targets
multiple disease components, one of which is TNF-alpha, a
well-established target in RA. Preclinical evaluation of
this drug candidate is underway.
Abbott's DVD-Ig approach has distinct technological,
scientific and drug development advantages compared to mAbs
and to previous efforts to create a multi-specific antibody.
The approach is compatible with any antibody, including
humanized mAbs, fully-human mAbs and chimeric mAbs, and can
potentially be extended beyond antibodies to receptor
proteins and other, similar molecules. DVD-Ig drugs also
may have improved efficacy because they target multiple
disease-causing molecules, and can address redundant
disease processes, in which two different molecules have
the same disease-causing effect.
Abbott has completed technology validation on the
DVD-Ig program, and is currently confirming process
development and manufacturing for the technology platform.
Concurrently, preclinical work has been conducted on a
variety of combinations at Abbott to date.
About Abbott
Abbott is a global, broad-based health care company
devoted to the discovery, development, manufacture and
marketing of pharmaceuticals and medical products,
including nutritionals, devices and diagnostics. The
company employs 65,000 people and markets its products in
more than 130 countries.
For more information, please contact:
Media
Laura Weber
Abbott
Tel: +1-847-936-3708
Financial
Lawrence Peepo
Abbott
Tel: +1-847-935-6722
2007'10.31.Wed
WuXi PharmaTech (NYSE: WX) Wins Both Deloitte Technology Fast 50 China and Deloitte Technology Fast 500 Asia
October 18, 2007
SHANGHAI, China, Oct. 18 /Xinhua-PRNewswire/ -- WuXi
PharmaTech
(NYSE: WX), China's premier provider of pharmaceutical
R&D outsourcing services announced today that it has
been nominated the winner of Deloitte Technology Fast 50
China 2007, a ranking of the fastest growing technology
companies in China as recognized by Deloitte Touche
Tohmatsu (Deloitte).
(Logo: http://www.xprn.com/xprn/sa/200708281726-min.jpg
)
The Deloitte Technology Fast 50 China program is an
annual award program that ranks technology, media, and
telecommunications companies located in Mainland China and
Hong Kong. According to Deloitte, winners are selected
based on their average revenue growth rates over the last
three years. WuXi PharmaTech has been included on such a
high-profile list for three consecutive years since
Deloitte China launched this award program in 2005.
Participants in the Deloitte Technology Fast 50 China
program will automatically qualify for participation in the
Deloitte Technology Fast 500 Asia Pacific 2007 program,
which annually recognizes the 500 fastest growing
technology companies in Asia Pacific. This will be the
fourth consecutive year that WuXi PharmaTech wins such a
prestigious award.
"We're honored to receive such a distinguished
award once again in recognition of our ongoing
success," commented Dr. Ge Li, Chairman and CEO of
WuXi PharmaTech. "The award reflects our consistent
high operation standards and transparency, and tireless
dedication to customer satisfaction. In 2007 we continued
to expand service offering capabilities and capacities to
offer more value-added and responsive services to our
collaborative partners."
About WuXi PharmaTech
Founded in 2000, Shanghai-based WuXi PharmaTech is the
leading
China-based pharmaceutical and biotechnology R&D
outsourcing company. As a research- driven and
customer-focused company, WuXi PharmaTech provides
pharmaceutical and biotechnology companies a broad and
integrated portfolio of laboratory and research
manufacturing services throughout the drug discovery and
development process. WuXi PharmaTech's services are
designed to assist its global partners in shortening the
cycle and lowering the cost of drug discovery and
development by providing cost-effective and efficient
outsourcing solutions that save its customers both time and
money. Its operations are grouped into two segments:
laboratory services, consisting of discovery chemistry,
service biology, analytical, toxicology, pharmaceutical
development and process development services, and
manufacturing, focusing on manufacturing of advanced
intermediates and active pharmaceutical ingredients for
R&D use. In 2006, WuXi PharmaTech provided services to
70 pharmaceutical and biotechnology customers, including
nine of the top ten pharmaceutical companies in the world,
as measured by 2006 total revenues. For more information,
please visit: http://www.wuxipharmatech.com .
For more information, please contact:
Sherry Shao
Tel: +86-21-50464002
Email: pr@pharmatechs.com
2007'10.31.Wed
NEJM Report Finds HPV Test More Effective Than Pap in Determining Cervical Cancer Risk
October 18, 2007
GAITHERSBURG, Md. and HILDEN, Germany, Oct. 18
/Xinhua-PRNewswire/-- The first randomized, controlled
study in North America of HPV testing as a stand-alone
screen concluded that it is almost 40 percent more accurate
than traditional cytology (the Pap "smear") in
identifying women with advanced cervical disease, according
to a report published today in The New England Journal of
Medicine.
The study, which involved more than 10,000 Canadian
women age 30-69, found that the HPV test's sensitivity --
its ability to accurately identify women with pre-cancerous
cervical cells or cancer -- was 94.6 percent, compared to
55.4 percent for the Pap. HPV (humanpapilloma virus) is the
primary cause of cervical cancer.
This seminal study used QIAGEN's Hybrid Capture(R) 2
High-Risk HPV DNA test -- the only such test that is both
CE-marked in Europe and approved by the U.S. Food and Drug
Administration(1). The molecular diagnostic test was
developed by Digene Corp., now part of QIAGEN N.V. (Nasdaq:
QGEN; Frankfurt, Prime Standard: QIA). The performance of
QIAGEN's HPV test has been validated in studies that
included more than 300,000 women.
"We already knew before conducting this study that
the sensitivity of the Pap left a lot to be desired,"
stated one of the study's authors, Eduardo Franco, DrPH, of
Montreal's McGill University, in a news announcement.
"However, 55.4 percent accuracy is only slightly above
chance. Flipping a coin gives you 50 percent."
Participants in the Canadian Cervical Cancer Screening
Trial (CCCaST) were randomly assigned to a "focus on
Pap" or "focus on HPV" screening group,
although for ethical reasons, both groups received both
tests. In this study, conventional cytology was used.
Recent analyses have found that the newer
"liquid-based" cytology does not significantly
improve the ability to detect disease. All CCCaST
participants who tested positive on either the Pap or HPV
test were referred for a follow-up biopsy. In addition to
the HPV test's greater sensitivity, the study found that
its specificity -- the likelihood that women with positive
results actually have disease -- was only slightly less
than the Pap's (94.1 percent vs. 96.8 percent).
HPV testing for routine cervical cancer prevention is
currently most widely practiced in the United States, where
it is approved for use along with a Pap in women age 30 and
over. Under the currently recommended guidelines, screening
that includes HPV testing may be performed at longer
intervals than when the Pap is used alone. However, the
authors of the NEJM report concluded that co-testing
"only marginally improved sensitivity compared with
HPV testing alone."
The conclusions of CCCaST reinforce a growing number of
other studies showing greater sensitivity for HPV testing
and suggesting its use as the primary, front-line screen --
with the Pap reserved for follow-up evaluation. (2) For
example, most recently, the Oct. 4 issue of The Lancet
reported on a trial involving more than 17,000 women in the
Netherlands. The study, led by Professor Chris Meijer of VU
Medical Centre in Amsterdam, concluded that HPV DNA testing
detects pre-cancerous cervical cells earlier than the
traditional Pap, thus allowing longer intervals between
screenings. This is an important feature for health
authorities working to control costs -- particularly those
in developing countries, where a variety of obstacles make
it difficult for women to access regular medical care.
Medical experts agree that the most effective approach
to cervical cancer prevention combines HPV vaccines for
girls and young women with screening of older women.
"We believe that a shift from cellular to viral
(screening) tests, coupled with education and vaccination,
will contribute to more efficient control of cervical
cancer," the authors stated in the NEJM report.
About HPV and cervical cancer
Worldwide, cervical cancer affects more than 400,000
women annually and, after breast cancer, is the
second-most-common malignancy found in women. Cervical
cancer is caused by "high-risk" types of the
human papillomavirus (HPV), which are sexually transmitted.
It's estimated that 80 percent of women will get an HPV
infection at some point in their lives. However, in most
cases, the infection goes away or is suppressed by the body
without causing problems. It is only infections that persist
that can cause abnormal cells to form that may develop into
cervical cancer if not detected and treated early.
About QIAGEN
QIAGEN N.V., a Netherlands holding company, is the
leading provider of innovative sample and assay
technologies and products. QIAGEN's products are considered
standards in areas such as pre-analytical sample preparation
and assay solutions for life sciences, applied testing and
molecular diagnostics. QIAGEN has developed a comprehensive
portfolio of more than 500 proprietary, consumable products
and automated solutions. The company's products are sold to
academic research markets, leading pharmaceutical and
biotechnology companies, applied testing customers (such as
in forensics, veterinary, biodefense and industrial
applications) and molecular diagnostics laboratories.
QIAGEN products are sold through a dedicated sales force
and a global network of distributors in more than 40
countries; the company employs more than 2,600 people
worldwide. Further information about QIAGEN can be found at
http://www.qiagen.com . Further information about HPV DNA
testing can be found at http://www.theHPVtest.com .
(1) The hc2 High Risk HPV test has been approved by the
Food and Drug
Administration for the follow-up evaluation of
women with ASC-US
(inconclusive) cytology and for use as an
adjunctive test combined
with the Pap to screen women age 30 years and
older.
(2) This information is provided as a summary of
several clinical
studies. The use of the Hybrid Capture(R) High-Risk
HPV DNA Test as
a stand-alone screen for cervical cancer has not
been approved by
the U.S.Food and Drug Administration.
For more information, please contact:
Pam Rasmussen, Vice President
Communications, Digene, A QIAGEN Company
Tel: +1-240-506-0766
Email: Pamela.Rasmussen@digene.com
Jennifer Garratt
Burson-Marsteller UK
Tel: +44-7979-603236
Email: jennifer.garratt@bm.com
2007'10.31.Wed
AU Optronics Unveils In-Cell Multi-Touch Panel Technologies and a 0.69mm Ultra-Thin Mobile Device Panel
October 18, 2007
Human-interface and System-integrated Devices Become the
New Trend for Mobile Display Technologies
HSINCHU, Oct. 18 /Xinhua-PRNewswire/ -- AU Optronics
Corp. ("AUO") (TAIEX: 2409; NYSE: AUO) today
unveiled breakthrough technologies for mobile device
applications, including two kinds of in-cell multi-touch
panel technologies and the world's thinnest 1.9-inch mobile
device panel of 0.69mm. The newly introduced small- and
medium-sized display technologies once again demonstrate
AUO's aggressive approach towards strengthening
self-developed innovations and increasing its value-added
products.
AUO's latest mobile display technologies will be
showcased at FPD International 2007, from October 24 to
October 26, in Yokohama, Japan.
It is expected that AUO's in-cell multi-touch panel
technologies will grab the spotlight during the exhibition.
Unlike the touch panel applications currently on the market,
AUO's two newly-launched 4.3-inch multi-touch panel
technologies both implement in-cell design, which integrate
touch function features into the TFT-LCD manufacturing
process without adding an additional glass and thus, are
able to retain a thickness of 2.2mm with a resolution of
480 x 272 -- thinner than conventional touch panel
applications. Also, they both have superior anti-glare
properties to retain proper image color saturation and
readability under the sunlight. Furthermore, AUO's
multi-touch panel technologies have overcome the
inconvenience in frequently-required calibration of
conventional touch panel applications, and feature
real-time true multiple touch point detection which allow
users to easily slide their fingers on the screen to better
enjoy the touch panel experience. AUO has been dedicated to
developing touch panel related technologies for many years.
The two newly-introduced AUO in-cell touch-panel
technologies, scheduled to begin mass production in 2008,
contain the company's internally developed proprietary
technologies and are regarded as one of only a few
touch-panel technologies worldwide which integrate the
fabrication process to the LCD cell manufacturing process.
By implementing the latest glass thinning technology
and shrinking the thickness of related components, AUO
today revealed the thinnest reported 1.9-inch mobile device
TFT-LCD at 0.69mm, 13% thinner than the thickness of a
credit card. The new LCD screen with a weight of 2.2 grams
and 400-nit high brightness accomplishes a multitude of
features -- light, slim, elegant and sunlight readable, to
suit current mobile lifestyles.
"The features we may expect to see in future
mobile device technologies are human interface and system
integration," said Dr. CT Liu, AUO Vice President
& GM of Consumer Product Display Operations.
"Being an industry leader, AUO will be leveraging the
advantages of TFT-LCD manufacturing process integration
with the aim to produce value-added TFT-LCDs and deliver
customer- and consumer-oriented products and
technologies."
AUO's other human-interface device technologies will
also be demonstrated at FPD International 2007, including a
7-inch 2D/3D dual-image car display, which is able to
display both 2D and 3D images in different directions
simultaneously. With this 2D/3D dual-image function,
drivers could be restricted to watch only relevant
information such as GPS navigation, while a front-seat
passenger could play 3D games. Another breakthrough
technology is AUO's 2.2-inch mobile device display with
mobile industry processor interface (MIPI), featuring
high-speed data transmission functions and efficient
power-management systems. MIPI is regarded as the
development platform for smartphone applications and have
the potential to accelerate the growth of the value chain
in the mobile industry.
AUO continuously enhances its already-developed
small-and medium-sized display technologies -- AMVA-mobile,
ASPD-mobile, APE-mobile, and HiColor technologies, in
improving clear depth of image and motion blur reductions
so as to fulfill the needs of playing multimedia
applications. The enhanced technologies are now applied to
a 2.4-inch VGA mobile device display with the features of
3500:1 contrast ratio and 450-nit brightness; a 2.4-inch
VGA mobile device display delivering 100% of NTSC; and a
2.8-inch ambient-light-sensor embedded VGA mobile device
display with flexibility in automatically adjusting
backlight brightness in accordance with ambient light,
offering up to 50% of power saving.
Pictures for the above news release can be downloaded
from AUO corporate website URL:
http://auo.com/auoDEV/pressroom.php?sec=Photos&ls=en
Any use of photographs must cite the source thereof is
from AU Optronics Corporation
About AU Optronics
AU Optronics Corp. ("AUO") is one of the top
three largest manufacturers* of large-size thin film
transistor liquid crystal display panels
("TFT-LCD"), with approximately 20.2%* of global
market share with revenues of NT$293.1billion (US$9.0bn)*
in 2006. TFT-LCD technology is currently the most widely
used flat panel display technology. Targeted for 40"+
sized LCD TV panels, AUO's new generation (7.5-generation)
fabrication facility production started mass production in
the fourth quarter of 2006. The Company currently operates
one 7.5-generation, two 6th-generation, four 5th-generation,
one 4th-generation, and four 3.5-generation TFT-LCD fabs, in
addition to eight module assembly facilities and the AUO
Technology Center specializes in new technology platform
and new product development. AUO is one of few top-tier
TFT-LCD manufacturers capable of offering a wide range of
small- to large- size (1.5"-65") TFT-LCD panels,
which enables it to offer a broad and diversified product
portfolio.
-- DisplaySearch 2Q2007 WW Large-Area TFT-LCD Shipment
Report dated
Aug 7, 2007. This data is used as reference only
and AUO does not
make any endorsement or representation in connection
therewith. 2006
year end revenue converted by an exchange rate of
NTD32.59:USD1.
Safe Harbour Notice
AU Optronics Corp. ("AUO" or the
"Company") (TAIEX: 2409; NYSE: AUO), the
worldwide top three manufacturer of large-size TFT-LCD
panels, today announced the above news. Except for
statements in respect of historical matters, the statements
contained in this Release are "forward-looking
statements" within the meaning of Section 27A of the
U.S. Securities Act of 1933 and Section 21E of the U.S.
Securities Exchange Act of 1934. These forward-looking
statements were based on our management's expectations,
projections and beliefs at the time regarding matters
including, among other things, future revenues and costs,
financial performance, technology changes, capacity,
utilization rates, yields, process and geographical
diversification, future expansion plans and business
strategy. Such forward-looking statements are subject to a
number of known and unknown risks and uncertainties that
can cause actual results to differ materially from those
expressed or implied by such statements, including risks
related to the flat panel display industry, the TFT-LCD
market, acceptance and demand for our products,
technological and development risks, competitive factors,
and other risks described in the section entitled
"Risk Factors" in our Form 20-F filed with the
United States Securities and Exchange Commission on July
2nd, 2007.
For more information, please contact:
Rose Lee
Corporate Communications Dept
AU Optronics Corp
Tel: +886-3-5008899 x3204
Fax: +886-3-5772730
Email: rose.lee@auo.com
Yawen Hsiao
Corporate Communications Dept.
AU Optronics Corp.
Tel: +886-3-5008899 x3211
Fax: +886-3-5772730
Email: yawen.hsiao@auo.com
2007'10.31.Wed
SMIC and Magma Announce Availability of Enhanced Reference Flow for SMIC's 90-Nanometer Low-Power Process
October 18, 2007
Blast Power-based Solution Uses SMIC's Multi-threshold CMOS
Technology and Magma's Low-power Flow to Optimize Dynamic
Power and Minimize Leakage Power
SHANGHAI, China and SAN JOSE, Calif., Oct. 18
/Xinhua-PRNewswire/ --Semiconductor Manufacturing
International Corporation ("SMIC", NYSE: SMI;
HKSE: 981), one of the leading foundries in the world, and
Magma(R) Design Automation Inc. (Nasdaq: LAVA), a provider
of semiconductor design software, jointly announced today
the availability of an enhanced low-power IC implementation
reference flow for SMIC's 90-nanometer (nm) process
featuring Magma's Blast Power(TM), Blast Fusion(R) and
Blast Create(TM).
(Logo: http://www.xprn.com/xprn/sa/200611101605-min.jpg
)
The SMIC-Magma flow utilizes SMIC's 90-nm standard cell
and IO libraries with multi-threshold CMOS (MTCMOS)
technology, along with Magma's low-power design flow,
automatic switched domain creation, retention flip-flop
insertion, and power analysis for active and sleep modes.
These technologies coupled with SMIC's advanced 90nm
technology enhance the customers' design by optimizing
dynamic power and minimizing leakage power.
Blast Power, a key component of Magma's low-power
design methodology, uses MTCMOS switches that control
leakage power by connecting global constant power rails to
local switched power rails. These switches effectively
allow certain blocks in the design to be powered off
depending on the mode of operation of the chip, thereby
significantly reducing leakage power. It also meets
leakage power requirements with libraries that
automatically select the cells most suitable to control
leakage. Blast Power optimizes dynamic power with flexible
voltage islands that selectively shut down different regions
of a chip and uses automatic power grid synthesis to enable
optimal power distribution.
"The adoption of Magma's enhanced low-power
RTL-to-GDSII reference flow for our 90-nm process
reiterates the commitment both companies have to helping
customers deliver complex low-power ICs faster," said
David Lin, division head of Design Services at SMIC.
"We look forward to cultivating our cooperation with
Magma to provide leading-edge solutions that meet the
low-power design needs of our customers."
"The availability of this enhanced low-power
reference flow clearly strengthens our partnership with
SMIC, a leader in IC manufacturing," said Kam
Kittrell, general manager of Magma's Design Implementation
Business Unit. "Our design flow provides leading-edge
power optimization capabilities that enable our customers
to successfully compete in many high-growth markets,
including handheld devices such as cell phones and MP3
players."
The low-power reference flow guides designers through
an RTL-to-GDSII methodology, which enables fast optimal
timing-versus-power and area-versus-power tradeoffs at
different stages of the implementation flow. With the
ability to address power considerations during
implementation and within a single environment, designers
can minimize the power consumption of the design and reduce
turnaround time.
The low-power reference flow data package is currently
available for customer download through SMIC-Now, the
dedicated online services for SMIC customers.
About SMIC
Semiconductor Manufacturing International Corporation
("SMIC"; NYSE: SMI; SEHK: 981) is one of the top
semiconductor foundries in the world and the largest and
most advanced foundry in Mainland China. Headquartered in
Shanghai, SMIC provides integrated circuit manufacturing
service at 0.35um to 90-nm and finer line technologies.
SMIC has a 300mm wafer fabrication facility (fab) under
start-up and three 200mm wafer fabs in its Shanghai
mega-fab, two 300mm wafer fabs in its Beijing mega-fab, a
200mm wafer fab in Tianjin, and an in-house assembly and
testing facility in Chengdu. SMIC also has customer
service and marketing offices in the U.S., Europe, and
Japan, and a representative office in Hong Kong. In
addition, SMIC manages and operates a 200mm wafer fab in
Chengdu owned by Cension Semiconductor Manufacturing
Corporation and a 300mm wafer fab under construction in
Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing
Corporation. For more information, please visit
http://www.smics.com .
About Magma
Magma's software for designing integrated circuits
(ICs) is used to create complex, high-performance chips
required in cellular telephones, electronic games, Wi-Fi,
MP3 players, DVD/digital video, networking, automotive
electronics and other electronic applications. Magma's EDA
software for IC implementation, analysis, physical
verification, circuit simulation and characterization is
recognized as embodying the best in semiconductor
technology, enabling the world's top chip companies to
"Design Ahead of the Curve"(TM) while reducing
design time and costs. Magma is headquartered in San Jose,
Calif., with offices around the world. Magma's stock trades
on Nasdaq under the ticker symbol LAVA. Visit Magma Design
Automation on the Web at http://www.magma-da.com .
Blast Fusion and Magma are registered trademarks and
Blast Power, Blast Create and "Design Ahead of the
Curve" are trademarks of Magma Design Automation. All
other trademarks and registered trademarks are held by their
respective owners.
Safe Harbor Statements
(Under the U.S. Private Securities Litigation Reform
Act of 1995)
Information provided in this press release may contain
statements relating to current expectations, estimates,
forecasts and projections about future events that are
"forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements, including statements of
"enable our customers to successfully compete in many
high-growth markets" and "designers can minimize
the power consumption of the design and reduce turnaround
time" generally relate to the company's plans,
objectives and expectations for future operations and are
based upon management's current estimates and projections
of future results or trends. Actual future results may
differ materially from those projected as a result of
certain risks and uncertainties. For a discussion of such
risks and uncertainties, see "Risk Factors" in
the Company's Annual Report on Form 20-F filed on June 29,
2007 with the U.S. Securities and Exchange Commission.
These forward-looking statements are made only as of the
date hereof, and we undertake no obligation to update or
revise the forward-looking statements, whether as a result
of new information, future events or otherwise.
For more information, please contact:
International Media:
Reiko Chang
Corporate Relations
SMIC
Tel: +86-21-5080-2000 x10544
Email: Reiko_Chang@smics.com
Mainland China Media:
Angela Miao
SMIC Shanghai
Public Relations
Tel: +86-21-5080-2000 x10088
Email: Angela_Miao@smics.com
Rena Xia
SMIC Beijing
Public Relations
Tel: +86-10-6785-5000 x20403
Email: Rena_Xia@smics.com
Magma Design Automation
Monica Marmie
Director, Marketing Communications
Tel: +1-408-565-7689
Email: monical@magma-da.com
2007'10.31.Wed
Elcoteq Becomes Telsima's Global Manufacturing Partner for Wimax Solutions
October 18, 2007
HONG KONG, Oct. 18 /Xinhua-PRNewswire/ -- Elcoteq SE, a
leading integrated electronics manufacturing services (IEMS)
company with original design manufacturing (ODM)
capabilities in the communications technology field
announced that it has become the global manufacturing
partner for Telsima, a leading developer of WiMAX based
broadband wireless access (BWA) and DCME voice compression
solutions. Elcoteq has started volume manufacturing of
Telsima WiMAX CPEs StarMAX 2100 series at its facility in
Bangalore, India. Elcoteq provides box build manufacturing
for WiMAX CPEs including new product introduction (NPI),
sourcing, manufacturing, logistics, and after-sales
services.
"We are delighted to be the global outsourcing
partner for Telsima and we believe this relationship is a
perfect fit for our Bangalore plant and for Elcoteq.
Telsima is in a highly competitive situation and our role
is to assist them to enter and reach a leading position on
the Indian and global broadband wireless access market.
Our presence in India, global footprint, expertise in WiMAX
solutions and the consistency of our processes and services
were critical factors why Telsima chose Elcoteq as its
global partner," says Mr. Bruno Cathomen, Vice
President, Communications Networks at Elcoteq.
"We are happy to leverage Elcoteq's expertise
gained from its years-long experience with communication
technology customers and to be the beneficiary of India's
conducive regulatory environment and strong government
support for manufacturing high volume WiMAX based products
that will help us contribute substantially to the 20
million broadband subscribers targeted by India government
by 2010," says Mr. Raj Iyer, VP Manufacturing,
Telsima.
About Elcoteq
Elcoteq SE is a leading electronics manufacturing
services (EMS) company with original design manufacturing
(ODM) capabilities in the communications technology field.
Elcoteq provides global end-to-end solutions consisting of
product development, NPI, manufacturing, supply chain
management, and after-sales services for the whole
lifecycle of its customers' products. These products
include terminal products such as mobile phones and set-top
boxes as well as communications network equipment such as
base-stations, tower-top amplifiers, and microwave systems.
The company operates in 16 countries on four continents and
employs about 23,000 people. Elcoteq's consolidated net
sales for 2006 totaled 4.3 billion euros (over 5 billion
USD). Elcoteq SE is listed on the Helsinki Stock Exchange.
Elcoteq has been member of the WIMAX Forum since 2004. For
more information, please visit http://www.elcoteq.com .
About Telsima Corporation
Telsima Corporation ( http://www.telsima.com ) is the
leading developer and provider Mobile WiMAX and WiMAX
certified Broadband Wireless Access (BWA) solutions. Its
leadership is attested by 100'000 WiMAX modems and 10'000
base station sectors shipping in 2007. The company has
garnered multiple Tier I operator wins in India and abroad
supported by multi-year, multi-million dollar contracts.
Telsima's award-winning, innovative technologies offer
service providers economic advantages, new business models
and more capital efficient network investment profiles.
The company's products are compliant with IEEE 802.16-2004,
802.16e-2005 and WiMAX Forum ASN specifications. Telsima is
backed by leading Silicon Valley investors, including,
NewPath Ventures, CMEA Ventures, New Enterprise Associates,
JAFCO Asia, Intel Capital and other strategic investors.
Telsima's headquarters are in Sunnyvale, California, with
offices in New Delhi, Mumbai, Bangalore and Ljubljana.
For more information:
Tuula Hatakka
Senior Vice President, Treasury
Communications and Investor Relations
Mr. Anssi Korhonen, President
Elcoteq Asia-Pacific
Tel: +852-6392-0566
Ms. Tuula Hatakka, Senior Vice President, Treasury
Communications & IR
Tel: +358-10-413-1808
2007'10.31.Wed
MIPIM Asia 2007: What is The Future for Real Estate?
October 18, 2007
28-30 November 2007, Convention and Exhibition Centre, Hong
Kong
Pre-opening Conference, 27 November 2007
PARIS, Oct. 18 /Xinhua-PRNewswire/ -- The economists
Claude Smadja, former Managing Director of the World
Economic Forum organising Davos, and Dr Marc Faber, famous
for predicting the 1987 stock market crash, together with
the astrophysicist Dr Benoit Famaey, are among the eminent
specialists who will talk about the future of the real
estate sector during the MIPIM Asia conference cycle.
What are the key trends currently at work in the Asia
Pacific property sector? Where should you invest? What will
the future look like? What role will sustainable development
play within the property business? These are just some of
the questions that speakers will address at MIPIM Asia, the
world's property market in Asia Pacific, to be held at the
Hong Kong Convention and Exhibition Centre from November 28
to 30.
On 27 November, at a MIPIM Asia pre-opening conference,
the economist Claude Smadja will give a special presentation
on the major economic trends in the Asia Pacific region.
From 1996 until 2001, Claude Smadja was Managing Director
of the World Economic Forum. He was notably directly
responsible for the annual meeting at Davos, for the
Forum's activities in Asia, and especially for the East
Asia Economic Summit. He is currently President of the
consulting firm Smadja & Associates, Strategic Advisory
Inc..
On 30 November, the economic analyst and investment
advisor Dr Marc Faber will give a detailed analysis of the
forces at work in the region's various economies and will
explain the direction they are taking for those who wish to
know where best to invest. Dr Marc Faber is the author of
the bestseller "Tomorrow's Gold -- Asia's Age of
Discovery" and publishes the famous monthly financial
newsletter "The Gloom Boom & Doom", which
through his typically contrarian approach, alerts readers
to unusual investment opportunities. Since 1973 he has been
living in Asia, where he works as an investment advisor and
fund manager.
It is now impossible to refer to the sector's future
without factoring in sustainable development. What does it
mean to apply this dimension to the booming Asia Pacific
region? Two sessions will be jointly organised on 29
November with the ULI (Urban Land Institute) organisation,
which acts as an authority on land use for preserving the
environment.
To close MIPIM Asia, the astrophysicist Benoit Famaey
will broaden attendees' horizons by exploring possible
inhabitable worlds in the not so distant future. Science
and technology have advanced to such a degree that it is
very probable that a planet similar to Earth will be
discovered in the next 30 years. From this perspective, it
is easy to imagine the importance of investment and
development opportunities for real estate professionals.
MIPIM Asia will welcome more than 80 experts to speak
at its conference programme. 22 sessions will present
sector analyses from various points of view -- countries
(China, Vietnam, Thailand, Korea, Japan¡), sectors
(retail, hotels¡), investments, architecture¡
For the complete MIPIM Asia conference programme,
please go to: http://www.mipimasia.com .
Note to Editors
MIPIM ASIA(R) is a registered trademark of Reed MIDEM
-- all rights reserved.
Founded in 1963, Reed MIDEM is a leading organizer of
professional, international tradeshows. Reed MIDEM events
have established themselves as key dates in professional
diaries. The company hosts MIPTV featuring MILIA, MIPDOC,
MIPCOM, and MIPCOM JUNIOR for the television and digital
content industries, AMAZIA devoted to the creation and
distribution of entertainment content, MIDEM for music
professionals, MIPIM, MIPIM Asia, MIPIM HORIZONS and MAPIC
for the property and retail real estate sectors, GLOBAL
ASSET for asset management professionals and GLOBAL CITY
for urban management specialists.
Reed MIDEM is a division of Reed Exhibitions, the
world's leading organiser of exhibitions and conferences
delivering over 460 events in 34 countries and serving 52
industries worldwide. For further information about Reed
MIDEM visit http://www.reedmidem.com .
For more press information, please contact:
Press Office in Paris:
Joanne KIRK
Tel: +33-01-4190-4582
Fax: +33-01-4190-6724
Email: Joanna.kirk@reedmidem.com
Belinda CHAN in Hong Kong
Tel: +852-2372-0090
Email: Belinda@creativegp.com
2007'10.31.Wed
United Technologies Corporation, Hanjin Group to Collaborate With Gale International on Sustainability Effort in Songdo International Business District
October 18, 2007
UTC Chairman and CEO George David and Hanjin Chairman
Yang-Ho Cho Tour South Korean City; Three Companies Explore
Opportunities to Establish Songdo IBD as Model of Green
Urbanism
INCHEON, South Korea, Oct. 18 /Xinhua-PRNewswire/ --
Gale International, United Technologies Corporation (NYSE:
UTX), and Hanjin Group today agreed to collaborate on
advancing Songdo International Business District in South
Korea as a model of sustainability and technological
innovation. United Technologies Corporation (UTC) and
Hanjin Group will be involved in key projects in the urban
development, which is being developed by New York-based
Gale International on 1,500 acres of reclaimed land along
Incheon's waterfront. UTC Chairman and Chief Executive
Officer George David and Hanjin Group Chairman Yang-Ho Cho
toured Songdo IBD earlier today.
"Across UTC, all of our products convert energy to
useful work, and new designs are much more efficient than
traditional ones. For example, Otis elevators that
regenerate electric power when loads descend and operate
with one quarter of the power otherwise needed. Or on-site
electric power generation that captures waste heat to drive
nearby loads like air conditioning, consequently doubling
energy efficiency. Or fuel cell powered busses with zero
emissions. Songdo IBD is an extraordinary opportunity to
demonstrate on an urban scale what can be
accomplished," said UTC Chairman and CEO David.
"Songdo IBD is an important national
project," said Hanjin Group Chairman Cho.
"Hanjin Group, particularly Korean Air, wants to help
establish the city as the sustainability leader in
Northeast Asia. We are particularly pleased, as well, to
be working with our longtime friend United
Technologies."
Chairman and CEO David; Chairman Cho; Stanley C. Gale,
Chairman and Managing Partner of Gale International; and
John B. Hynes, III, Chief Executive Officer and Managing
Partner of Gale International, today signed memoranda of
understanding outlining their joint goals in Songdo IBD,
including two landmark projects: the Gale International/
U-Life Northeast Asia Headquarters and the Sustainable
International Business Center. These projects are part of
an accelerated development plan leading to the September,
2009, opening of Songdo IBD that will include two
high-concept, commercial developments totaling 7 million
square feet being announced today.
Also present at the signing ceremony were United States
Ambassador to the Republic of Korea Alexander R. Vershbow;
Thomas C. Hubbard, former U.S. Ambassador to the Republic
of Korea and Chairman of the Gale International Advisory
Board; and Ken Fox, Vice President of On-Site Power
Solutions at UTC Power.
Stanley C. Gale, Chairman and Managing Partner of Gale
International, said, "The participation of
international leaders such as United Technologies and
Hanjin Group ensures that Songdo IBD will set the standard
for sustainable urban planning. Today is yet another
indication of how Songdo IBD has moved from visionary ideal
to dynamic reality."
John B. Hynes, III, Chief Executive Officer and
Managing Partner of Gale International, said, "We look
forward to working with UTC and Hanjin Group on making this
the most sustainable city possible and fulfill the mandate
of making Songdo IBD an economic hub of Northeast
Asia."
Gale International and UTC will collaborate on the Gale
International/ U-Life Northeast Asia Headquarters, the first
LEED-Platinum building in Korea and the centerpiece of the
800,000 square foot, mixed-use U-Life Complex. U-Life,
Songdo IBD's ubiquitous computing division, is a joint
venture of Gale International, POSCO E&C and LG CNS.
The headquarters will be a model of sustainable building
design and will include an extensive public exhibit area
for UTC innovations in use in Songdo IBD. UTC also will
assist Gale in implementing best-in-class green
technologies from other companies throughout Songdo.
Songdo IBD as a whole was recently named a "green
urbanism" pilot project by the U.S. Green Building
Council. Gale International also will work closely with
the recently formed Korea Green Building Council.
This headquarters complex exemplifies how multinational
corporations will utilize Songdo IBD as a test-bed for their
most innovative services and technologies. Additionally,
UTC's involvement served as a catalyst for Hanjin Group's
participation in Songdo's overall sustainability effort.
Thus Songdo IBD demonstrates a cascading affect in
attracting top-tier multinationals to the city.
Hanjin Group (specifically Korean Air and Inha
University), UTC and Gale will collaborate on the formation
of the Sustainable International Business Center (SIBC), a
large-scale research facility aimed at the study and
communication of "green" ideas, technologies and
products. The SIBC also will be the future home of an
annual sustainability conference that will position the
Republic of Korea and Songdo IBD at the center of
environmental initiatives in Northeast Asia. The center is
envisioned as a showcase for leading-edge green
technologies.
The SIBC is expected to anchor International Plaza, one
of two high-concept, Rockefeller Center-inspired building
complexes also being announced today. Totaling seven
million square feet, International Plaza and Gateway Center
will form the heart of the city's commercial district.
International Plaza (3.5 million square feet), to be
designed by Kohn Pedersen Fox Associates, P.C., will cover
three city blocks and incorporate five commercial buildings
linked by low-rise retail. Gateway Center (3.5 million
square feet), designed by KlingStubbins, also will
incorporate five buildings. Both offer prime views of
Central Park and can accommodate customized buildings.
Songdo IBD's leadership in sustainable development is a
key quality of life attribute for both corporations and
residents. From the bedrock of its sustainability and
U-Life initiatives, Songdo IBD offers every conceivable
amenity including a world class hospital, an international
preparatory school, museums, a 100-acre Central Park, and
the Jack Nicklaus Golf Club Korea. Songdo IBD's iconic
65-story Northeast Asia Trade Tower will stand as Korea's
tallest building and the stunning "Convensia"
Convention Center will be Korea's largest column-free
space.
Songdo IBD is being developed by Gale International and
POSCO E&C in a 70/30 joint venture. Gale International
is a premier international real estate development and
investment company headquartered in New York with offices
in Boston; Irvine, California; Seoul and New Songdo, South
Korea. Songdo IBD is both a Korean national project and a
unique international partnership, although one that remains
essentially a private initiative.
Songdo IBD, "The Gateway to Northeast Asia,"
officially opens in September 2009 as the first new city in
the world designed and planned as an international business
district. This $25 billion, 100-million square foot,
master-planned metropolis is thought to be the largest
private real estate venture in the world. Songdo IBD is
connected to the Incheon International Airport, one of the
world's busiest, by a new 7.4 mile highway bridge; and
linked by subway to Seoul, just 35 miles away. It is
estimated that Songdo IBD will be home to 65,000 people and
that 300,000 will work there. More information can be found
at http://www.Songdo.com.
United Technologies Corp., based in Hartford,
Connecticut, is a $50 billion company providing a broad
range of high technology products and services to the
building systems and aerospace industries worldwide. Its
businesses include Carrier, Hamilton Sundstrand, Otis,
Pratt & Whitney, Sikorsky, UTC Fire & Security, and
UTC Power. In 2007, UTC was named for the third consecutive
year as one of the 100 Most Sustainable Corporations in the
World at the World Economic Forum in Davos, Switzerland.
Fortune magazine has ranked UTC first in its annual Most
Admired survey for aerospace/defense for seven years
running. United Technologies has a strong presence in the
Republic of Korea, where it employs about 3,400 people in
nearly 60 locations in 17 cities.
For more information, please contact:
Gale International
Mary Lou DiNardo
International and U.S. Queries
Phone: +1-212-909-0340
Email: tkpr1@aol.com
Hyewon Chang
Domestic ROK Queries
Phone: +82-2-6260-3353
Email: hwchang@galeintlkorea.com
2007'10.31.Wed
Johnson & Johnson Launches Global Diabetes Institute, Beijing Diabetes Institute Will Launch Early Next Year
October 18, 2007
Providing State-of-the-Art Education and Training to Health
Professionals
BEIJING, Oct. 18 /Xinhua-PRNewswire/ -- Johnson &
Johnson today announced the establishment of the Johnson
& Johnson Diabetes Institute (JJDI) to transform
diabetes care by providing comprehensive training on the
latest practice standards, new diabetes tools and
technologies and reimbursement solutions to physicians,
nurses, physician assistants and diabetes educators around
the globe. Former Acting U.S. Surgeon General and public
health expert, Kenneth P. Moritsugu, M.D., M.P.H., will
serve as the Institute's chairman.
The Institute is part of a new effort to address the
growing epidemic of diabetes, which now affects more than
180 million people worldwide and is predicted to double to
360 million people by 2030. Toward this end, Johnson &
Johnson affiliates will invest the necessary resources to
open and operate new state-of-the-art instructional
facilities worldwide, starting with Japan in 2007 and the
U.S, China and France by mid-2008.
"In sheer numbers and the costs in human suffering
and money spent on health care, diabetes has reached crisis
proportions around the globe," said Dr. Moritsugu, who
has type I diabetes and is an advocate for improved diabetes
care. "At a time when the annual direct healthcare
costs for diabetes worldwide are estimated to be at least
$232 billion, new strategies are needed to raise the level
of care for people with diabetes, including stepped-up
education and hands-on training of health professionals
working at the local level."
Don Casey, Johnson & Johnson company group
chairman, said the Institute is a response from the Company
to this challenge. "Through this Institute, Johnson
& Johnson is determined to arm those on the front lines
in delivering diabetes care with the latest information and
practical skills so they can help their patients live
healthier, longer lives," Casey noted.
Developed in consultation with leaders of international
diabetes organizations and public health institutions
including the American Association of Diabetes Educators,
the Association de Langue Francaise pour L'Etude du Diabete
et des Maladies Metaboliques, the Japan Diabetes Society,
the Japan Diabetes Education and Care Association, and
leading endocrinologists and authorities from China, the
new Johnson & Johnson Diabetes Institute will provide
training each year for thousands of physicians, nurses, and
other health providers worldwide. In each country, the
curriculum will be customized to reflect the needs of
patients and providers and entails several days of
country-specific skills training and education in diabetes
care from a faculty of nationally recognized diabetes
experts.
In general, courses will emphasize innovative practice
models and ways to use existing diabetes tools and
technologies in real time to solve patient problems. While
the curriculum will vary by country, course examples include
guidelines and standards of care, in-person product
training, insulin pump therapy, communicating with patients
and families, new tools and technologies, blood glucose
pattern management and software solutions and reimbursement
for diabetes care.
"With diabetes reaching epidemic proportions in
the United States and in the rest of the world, there is a
critical need for diabetes educators and other health care
professionals to provide education and care to people with
and at risk for diabetes. However, the level of knowledge
required to maintain job skills at peak intensity is
growing and becoming progressively more complex. Changes
in healthcare delivery require diabetes educators to
acquire a host of new skills and become familiar with
latest diabetes tools and technologies," said Lana
Vukovljak, MA, MS, CEO of the American Association of
Diabetes Educators (AADE). "The American Association
of Diabetes Educators supports J & J's Diabetes
Institute initiative as it will provide diabetes educators
and other health care professionals with the opportunity to
stay current and be better prepared to help fight the
epidemic."
Dr. Moritsugu joined the Johnson & Johnson Family
of Companies on October 1 and will serve as Chairman of the
Institute, with responsibility for overseeing the Institute
and developing other innovative programs and strategies
that will help Johnson & Johnson and the healthcare
community better address the delivery of diabetes care
around the world. Born in Hawaii, Dr. Moritsugu achieved
Admiralty status within the Commissioned Corps of the U.S.
Public Health Service, was the Federal representative to
numerous national health care agencies and consulted with
several international organizations and governments.
Before serving as Acting Surgeon General in 2006, Dr.
Moritsugu was the Deputy Surgeon General and the principal
assistant and advisor to the U.S. Surgeon General. Having
completed residencies in internal medicine and in
preventive medicine, Dr. Moritsugu is also Board Certified
in preventive medicine and holds Fellowships in the
American College of Preventive Medicine, the Royal Society
of Health, and the Royal Society of Medicine.
About Johnson & Johnson
Johnson & Johnson is the world's most comprehensive
and broadly based manufacturer of health care products, as
well as a provider of related services, for the consumer,
pharmaceutical, and medical devices and diagnostics
markets. The more than 200 Johnson & Johnson operating
companies employ approximately 122,000 men and women, and
sell products throughout the world. Johnson & Johnson
established its first joint venture in China in 1985.
Today, the Company, through its subsidiaries operating in
China, employs about 6,000 people
Through the company's products, education programs,
philanthropy and many other initiatives, Johnson &
Johnson helps people help others in the spirit of Yin Ai Er
Sheng. It is under the same commitment, Johnson &
Johnson became official partner of the 2008 Beijing Olympic
and Paralympic Games in July 2005 and worldwide partner of
the Olympic Movement in February 2006.
For more information, please contact:
Karen Jiang
Tel: +86-10-6539-2966 x2176
Email: kjiang2@medcn.jnj.com
Summer Xu
Tel: +86-21-5383-1188 x638
Email: xusu@ruderfinnasia.com
2007'10.31.Wed
COMMIT Releases its Leading MARS-II Chipset Solution Supporting TD-HSDPA/GSM/GPRS/EDGE
October 18, 2007
SHANGHAI, China, Oct. 18 /Xinhua-PRNewswire/ -- COMMIT
Inc., a leading TD-SCDMA chipset solution vendor, today
announced the release of its MARS-II chipset solution and
reference design supporting TD-HSDPA/GSM/GPRS/EDGE. This
solution can fully meet operators' requirements for
commercial TD-SCDMA deployment in terms of seamless
handover between TD-SCDMA and 2.5G communications, HSDPA,
high-end 3G applications and low power consumption.
MARS-II solution coheres with COMMIT's long-term
experiences in TD-SCDMA core technology research, chipset
design, product development and field test. Combining its
partners' leading semiconductor technology and commercial
GSM/GPRS/EDGE solution, COMMIT's Mars-II solution can
support TD-HSDPA/GSM/GPRS/EDGE automatic roaming in idle
mode and voice/data handover in connection mode, up to
2Mbps HSDPA transmission, MBMS, embedded multimedia codec
for audio, video, image and enriching high-end 3G
applications such as video telephone, video streaming and
high speed internet browsing. The baseband chip of MARS-II
is produced in 90nm semiconductor process, which
significantly decreases power consumption and cost.
Meanwhile, the flexible, scalable and open platform allows
customers to develop differentiated products.
Based on MARS-II chipset, COMMIT also developed
evaluation platform, data card turnkey solution and
completed terminal solution. These products can
dramatically shorten the time-to-market for customers'
products.
COMMIT solution has been tested and verified with all
infrastructure systems for a long-term. Mr. Jian Hu,
TD-SCDMA Product line Vice-General Manager of ZTE
Corporation, said, "COMMIT HSDPA solution has been
tested with ZTE network system both indoors and in the
field since the beginning of this year. COMMIT solution can
offer customers stable HSDPA data service. The most
outstanding advantage of HSDPA is efficiently increasing
the system capacity of data transmission and dramatically
enhancing the competitiveness of TD-SCDMA."
Bird has adopted COMMIT solution to develop TD-SCDMA
terminal since 2004. Bird HSDPA handset based on COMMIT
solution, the only terminal tested and verified in the
TD-SCDMA industry, has already been extensively used for
testing by infrastructure vendors and operators. Mr.
Jiandong Zhao, Chief Engineer of NingBo Bird Co., Ltd.,
said, "COMMIT MARS chipset has characteristics such as
high-integrity, low-power consumption and stability, which
makes it the leading solution in TD-SCDMA industry. We
believe that TD-SCDMA terminals based on MARS-II solution
will be more competitive in the market. Bird and COMMIT
will further strengthen the cooperation to offer more
commercial TD-SCDMA terminals and fully meet operators'
demands."
As of now, engineering samples and reference designs
are ready for customers to develop and test their products.
Some of the world's leading mobile handset OEMs, ODMs and
design houses have begun using MARS-II to design their
TD-SCDMA dual mode terminal products. These terminal
products will be launched to the market gradually in the
first half of 2008 to meet the service requirements of the
coming Olympics games. At that time, end users will be able
to enjoy wonderful games through TD-SCDMA terminals based on
COMMIT solution.
About COMMIT
COMMIT Incorporated, established in February 2002,
consists of 17 famous and respected industrial enterprises,
including China PUTIAN Corporation, China Academy of
Telecommunications Technology (CATT), Texas Instruments
(China), Nokia (China) Investment Co. Limited, LG
Electronics, Inc., and Hyper Market International Limited.
With the goal to create Chinese homegrown intellectual
properties, develop market-competitive products, satisfy
customers' requirements and promote TD-SCDMA industry,
COMMIT endeavors to be a worldwide leader in wireless
communication industry.
COMMIT provides TD-SCDMA/HSDPA/GSM/GPRS/EDGE dual mode
chipset and solutions including dual mode baseband chipset,
dual mode protocol stack software, dual mode handset
reference design and development tools.
For more information, please contact:
Susan Luo
COMMIT Inc.
Tel£º +86-21-5442-4885
Email£º Susan.Luo@commit.cn
2007'10.31.Wed
GLG Partners to Report Financial Results for Third Quarter 2007 on October 24, 2007
October 18, 2007
LONDON, Oct. 18 /Xinhua-PRNewswire/ -- GLG Partners, a
leading alternative asset manager which has agreed to
engage in a reverse acquisition transaction with Freedom
Acquisition Holdings, Inc. (Amex: FRH), will report its
financial results for the third quarter ended September 30,
2007 on Wednesday, October 24, 2007.
GLG will discuss its financial results on a
teleconference on Wednesday, October 24, 2007, at 11:00 AM
EDT (New York City) / 4:00 PM BST (Guernsey/London). The
dial-in number for the live conference call is +1 866 238
1665 in the US or +44 (0)207 15 32 010 in the UK.
A webcast of the teleconference can also be accessed
via the Freedom Transaction section of GLG's website at
http://www.glgpartners.com .
About GLG
GLG, the largest independent alternative asset manager
in Europe and one of the largest in the world, offers its
base of long-standing prestigious clients a diverse range
of investment products and account management services.
GLG's focus is on preserving client's capital and achieving
consistent, superior absolute returns with low volatility
and low correlations to both the equity and fixed income
markets. Since its inception in 1995, GLG has built on the
roots of its founders in the private wealth management
industry to develop into one of the world's largest and
most recognized alternative investment managers, while
maintaining its tradition of client-focused product
development and customer service. As of June 30, 2007, GLG
had gross AUM of $21.5 billion.
For more information, please contact:
Investors, analysts enquiries:
Simon White
Chief Financial Officer
GLG Partners
Tel: +44-207-016-7000
Email: simon.white@glgpartners.com
Michael Hodes
Acting Director of Investor Relations
GLG Partners
Tel: +1-212-224-7223
Email: michael.hodes@glgpartners.com
Media enquiries:
Rupert Younger
Tel: +44-207-251 3801
Email: rupert.younger@finsbury.com
Amanda Lee
Finsbury
Tel: +44-207-251 3801
Email: amanda.lee@finsbury.com
Andy Merrill
Finsbury
Tel: +1-212-303-7600
Email: andy.merrill@finsbury.com
2007'10.31.Wed
Bill and Melinda Gates Call for New Global Commitment to Chart a Course for Malaria Eradication
October 18, 2007
New Resources and Scientific Progress Help Pave the Way
Toward Malaria Eradication
U.S. Presidential Candidates Urged to Sustain and Expand
President's Malaria Initiative
SEATTLE, Oct. 18 /Xinhua-PRNewswire/ --
Bill and Melinda Gates today called on global leaders
to embrace "an audacious goal - to reach a day when no
human being has malaria, and no mosquito on earth is
carrying it." They delivered the call to action at a
forum of 300 leading malaria scientists and policymakers
from around the world.
"Advances in science and medicine, promising
research, and the rising concern of people around the world
represent an historic opportunity not just to treat malaria
or to control it - but to chart a long-term course to
eradicate it," said Melinda Gates.
Every year, malaria kills more than one million people,
most of them children. A malaria eradication campaign in
the 1950s and 1960s collapsed because of declining donor
funding and growing resistance to drugs and pesticides.
Malaria programs since then have focused on reducing, not
ending, the burden of malaria.
"We have a real chance to build the partnerships,
generate the political will, and develop the scientific
breakthroughs we need to end this disease," said Bill
Gates. "We will not stop working until malaria is
eradicated."
New Malaria Partnerships, Resources Achieving
Large-Scale Success
Bill Gates noted that "a rush of new actors"
- such as the Global Fund to Fight AIDS, Tuberculosis, and
Malaria; the World Bank's Malaria Booster Program; and the
U.S. President's Malaria Initiative - are bringing new
energy and resources to the global effort to control
malaria. Together, these initiatives have committed $3.6
billion to malaria control, and will reach more than 70
countries.
Gates also commended African countries that have
undertaken aggressive, comprehensive malaria control
programs. In particular, he praised Zambia's malaria
program as an "inspiring example of a
nationally-coordinated effort."
A new UNICEF report released at the forum documents the
impressive progress of recent malaria control efforts. For
example, the report shows that:
-- The annual supply of insecticide-treated bednets to
prevent malaria has
more than doubled in recent years, from 30 million
nets in 2004 to 63
million nets in 2006.
-- Global procurement of artemisinin combination
therapies, the most
effective treatment for malaria, grew from 3 million
doses in 2003 to
100 million in 2006.
To help build on this progress, Mr. and Mrs. Gates
called on U.S. presidential candidates to commit to
supporting the President's Malaria Initiative, a $1.2
billion effort launched by President Bush in 2005. Mr.
Gates said, "If you win this office, you will inherit
a record commitment to fighting malaria. The world needs
you to sustain it and enhance it. Malaria will never be
eradicated without the full support of the President of the
United States."
Research Progress on New Vaccines, Drugs, and
Insecticides
Mr. Gates cited the "extraordinary breadth of
research underway in medicines, vaccines, and other control
tools" as another reason for new optimism in the
malaria fight. Examples of recent scientific progress by
Gates Foundation grantees include the following:
-- Vaccines: New study results from the PATH Malaria
Vaccine
Initiative, published today by The Lancet, show
that the experimental
malaria vaccine RTS,S is safe and may significantly
reduce risk of
malaria infection in infants. In the study of 200
infants, the
vaccine reduced new infections by 65% over
three-and-a-half months.
A large-scale Phase III trial of the vaccine will
begin next year in
10 African trial sites.
-- Medicines: The Medicines for Malaria Venture,
which is researching
treatments to overcome resistance to existing
drugs, has developed the
largest malaria drug portfolio in history, and
expects regulatory
approval next year for an improved treatment for
children.
-- Mosquito control: The Innovative Vector Control
Consortium is
developing new and improved insecticides to control
the mosquitoes
that transmit malaria.
New vaccines, medicines, and insecticides will help
"break the cycle of transmission and eradicate the
disease," said Mrs. Gates. "Both private
industry and public research institutions must continue to
invest in new tools in order to make malaria eradication
possible."
Mr. and Mrs. Gates delivered the remarks at a meeting
comprised of malaria researchers, global health leaders,
policy experts, and government officials from around the
world, taking place October 16-18 at the Sheraton Hotel in
Seattle. Selected sessions of the meeting will be webcast
at
http://www.kaisernetwork.org/healthcast/malariaforum2007.
Guided by the belief that every life has equal value,
the Bill & Melinda Gates Foundation works to help all
people lead healthy, productive lives. In developing
countries, it focuses on improving people's health, and
giving them the chance to lift themselves out of hunger and
extreme poverty. In the United States, it seeks to ensure
that all people, especially those with the fewest
resources, have access to the opportunities they need to
succeed in school and life. Based in Seattle, the
foundation is led by CEO Patty Stonesifer and Co-chair
William H. Gates Sr., under the direction of Bill and
Melinda Gates and Warren Buffett.
For more information, please contact:
Jenny Sorensen
Bill and Melinda Gates Foundation
Tel: +1-206-709-3400
Email: media@gatesfoundation.org
Angela Hawke
UNICEF
Tel: +1-212-326-7269
Email: hawke@unicef.org
David Poland
PATH Malaria Vaccine Initiative
Tel: +1-240-395-2703
Email: dpoland@malariavaccine.org
2007'10.31.Wed
Pearl Revival Committee to Revive Industry
October 17, 2007
DUBAI, United Arab Emirates, Oct. 17
/Xinhua-PRNewswire/ -- The Pearl Revival Committee has
announced the first International Pearl Convention in
November. The event will include the auction of the world's
largest natural pearl. The aim of this ambitious project is
to revive UAE's distinguished pearling tradition and embed
it as the keystone of the country's cultural identity.
( Photo:
http://www.newscom.com/cgi-bin/prnh/20071017/278111 )
The international convention will bring the attention
of investors and industrialists to the glory and scope of
the pearl industry; various events also have been scheduled
in connection with international convention to disseminate
wide prospects of this lucrative industry. Innovative
programmes like Pearl Theatre, Pearl Concert, Pearl
Seminars, Pearl Classes, Arabia Pearl Exhibition, Cultured
Pearl Display, and Pearl Fashion also will be the
attractions of the international convention.
"The convention will lay the foundation for a
remarkable and unique revival that gives us back our
wonderful history within the pearl industry," said
Khaled Al Sayegh, Chairman, Pearl Revival Committee.
"Historically, the world's best pearls came from the
Gulf. They were naturally created and collected by
breath-holding divers. The discovery of large deposits of
oil put an abrupt end to pearl industry in early 1930's.
Those who once fished pearls sought prosperity in the
economic boom ushered in by the oil industry," he
pointed out.
"Pearls are a real asset and a good investment as
they provide a storehouse of value. Cyclical changes play
an important role in pearl market, and the recent years
have witnessed a renewed interest in them. We aim to
provide an opportunity for pearl collectors and investors
to interact closely," said Sheikha Mae.
One of the key aspects of the convention is the auction
of the world's second largest natural pearl which comes
after The Pearl of Asia with an approximate value of USD 8
million along with some of the world's rarest and most
sought after pearls which includes: "The Dream Pearls
of Cooch Behar": WC2A -- Him 980 grains; WC2B Her 700
grains, "Worm" 404 grains, 65mm long, 2591
"Rosebud" 214 grains, 30mm, 2592 "Golden
Dome" Oriental, 51 grains, 13mm, "Oriental
Necklace" two lines, 10.4mm - 5.4mm, "18th
Century Button Pearl Gold Jewellery" and "Sarnii
chuluu" it means "Moon stone" 284.93 cr
weight, and with sises 59.1x 40.0x 29.2mm.
Part of the revival initiative would be an industry
report that will outline the economical and commercial
scope of the pearl market. A screening of Pearl films will
also be a part of the event. All funds raised from the
event will be used to revive the virtually defunct regional
pearl industry. Revival of the pearl industry is expected to
boost the region's economy as a whole, which is now trying
to tap more from non-oil industry.
For further information, please contact:
Sajeesh Gopalan
Director -- media relations
Concept pr fz llc
Post box 30929
Dubai
United Arab Emirates
Dir: +9714-364-23-87
Mob: +971-50-292-54-33
Tel: +9714-390-31-31
Fax: +9714-368-80-53
2007'10.31.Wed
DARA BioSciences and Bayer Pharmaceuticals Corporation Sign Exclusive License Agreement
October 17, 2007
RALEIGH, N.C. and WEST HAVEN, Conn., Oct. 17
/Xinhua-PRNewswire/ -- DARA BioSciences, Inc. and Bayer
Pharmaceuticals Corporation (BPC), a U.S. subsidiary of
Bayer HealthCare AG signed a license agreement granting
DARA BioSciences exclusive worldwide rights to a series of
patents and compounds for the treatment of metabolic
diseases, in particular type 2 diabetes and dyslipidemia.
Lead compounds are in later preclinical development.
Under the terms of the agreement DARA BioSciences will
develop and commercialize products while Bayer will receive
an upfront payment, milestone payments and royalties during
the development and commercialization. In addition, Bayer
has certain rights to commercialize products emanating from
this development program.
Richard A. Franco, Sr., President and Chief Executive
Officer, stated, "DARA BioSciences' licensing-in of
the Bayer technology demonstrates our commitment to
exploring new alternatives in the treatment of metabolic
diseases including diabetes. This transaction also
demonstrates our continuing success in executing our
strategy to identify new opportunities in order to expand
and diversify our product portfolio. We look forward to
the opportunity to work with Bayer."
The WHO estimates that globally over 170 million people
have diabetes. Type 2 diabetes accounts for 90% to 95% of
all cases of diabetes. Worldwide the costs associated with
treating diabetes and its complications are estimated to
exceed $200 billion a year. By 2030 the prevalence of
diabetes is predicted to double, driven by adverse
lifestyle changes which have seen an explosion in the
incidence of obesity, a risk factor for type 2 diabetes.
Worldwide, diabetes is a huge and growing problem for which
new treatments are needed.
About Bayer HealthCare
The Bayer Group is a global enterprise with core
competencies in the fields of health care, nutrition and
high-tech materials. Bayer HealthCare, a subsidiary of
Bayer AG, is one of the world's leading, innovative
companies in the healthcare and medical products industry
and is based in Leverkusen, Germany. The company combines
the global activities of the Animal Health, Consumer Care,
Diabetes Care and Pharmaceuticals divisions. Bayer
HealthCare's aim is to discover and manufacture products
that will improve human and animal health worldwide. Find
more information at http://www.bayerhealthcare.com.
About DARA BioSciences, Inc.
DARA BioSciences(TM), Inc. ("DARA") is a
Raleigh, North Carolina-based development-stage
pharmaceutical company that acquires promising therapeutic
molecules and medical technologies directly or through
investment in established companies. DARA focuses its
therapeutic development efforts on small molecules from
late preclinical development through phase 2 clinical
trials. DARA is developing a portfolio of therapeutic
candidates for neuropathic pain, metabolic diseases
including type 2 diabetes, and dermatological disorders.
On October 10, 2007, DARA announced an agreement to merge
with Point Therapeutics, Inc. (Nasdaq: POTP).
For more information please contact DARA at
919-872-5578 or visit our web site at
http://www.darabiosciences.com.
Please Note: This press release contains
forward-looking statements regarding future events. These
statements are just predictions and are subject to risks
and uncertainties that could cause the actual events or
results to differ materially. These risks and uncertainties
include risks of testing of drugs for proof of principle,
risks of regulatory review and clinical trials,
competition, market acceptance for approved products, if
any, and intellectual property risks.
For more information, please contact:
DARA BioSciences
John Didsbury, Ph.D.
Chief Scientific Officer
Phone: +1-919-861-0198
Lynn H. Morris, Sr. Manager
Investor Relations & Corporate Operations
Phone: +1-919-872-5578
Bayer HealthCare Pharmaceuticals
Meredith Fischer
Corporate Communications
Phone: +1-203-812-6485
2007'10.31.Wed
KONE Wins a Major Order for Shanghai International Financial Centre
October 17, 2007
SHANGHAI, China, Oct. 17 /Xinhua-PRNewswire/ --
KONE has received a major order from Sun Hung Kai
Properties Group to supply and install 99 elevators and
escalators for the new Shanghai International Finance
Centre (IFC) in the heart of the Lujiazui financial centre
in Pudong, the most flourishing business hub of Shanghai,
China.
The Shanghai IFC will be equipped with 84 KONE
MiniSpace(TM) and 11 KONE MonoSpace(R) elevators, and four
KONE double-deck elevators, which will be the first of its
kind installed in China. When installed, the fastest
elevators will travel up to speeds of 8.0m/s and the
highest traveled distance will be roughly 250 meters.
Installation of the equipment will begin in November 2007
and is scheduled to be completed in 2009.
"We are very pleased to have won an order for the
Shanghai IFC building, which will surely become a beacon of
Shanghai's thriving economy," Pekka Kemppainen, KONE
Area Director for Asia-Pacific. "We are happy to work
with Sun Hung Kai Properties Group on this order, which
will improve KONE's presence in the Chinese market."
The Shanghai IFC will be a new international landmark
of China. The integrated commercial complex will comprise
of three towers, including twin towers measuring 260 meters
and 250 meters respectively, as well as another 85-meter
tower. It will host grade-A offices, two hotels managed by
Ritz-Carlton and W Hotels, as well as a top-end mall with
an array of international retailers. The project is
scheduled to be completed in different phases from mid 2009
to 2010.
The building owner and developer, Sun Hung Kai
Properties Group, is one of the largest property companies
in Hong Kong, developing all types of premium residential
and commercial projects for sale and investment.
About KONE
KONE is one of the world's leading elevator and
escalator companies. It provides its customers with
industry-leading elevators and escalators, with innovative
solutions for their maintenance and modernization. KONE
also provides maintenance of automatic building doors. In
2006, KONE had annual net sales of EUR 3.6 billion and
approximately 29,000 employees. Its class B shares are
listed on the OMX Nordic Exchange in Helsinki, Finland.
http://www.kone.com
For more information, please contact:
Minna Mars, SVP
Corporate Communications & IR
Tel: +358-50-384-9440
+358-204-75-4501
2007'10.31.Wed
Celtro's Flexible Backhaul Switching Solutions Enable Adaptive Migration to 4G and All-IP RAN
October 17, 2007
New Mobile Backhaul Switches Enable Delivery of Multimedia
Services Like Mobile TV and Video Over Existing Backhaul
Infrastructure, Protecting Past Network Investments and
Keeping Future Expenses in Check
TEL AVIV, Israel, Oct. 17 /Xinhua-PRNewswire/ --
Celtro, a pioneer and leading global supplier of cellular
backhaul switching solutions, today announced the launch of
the next-generation members of its DynaMate family, the
DMT1000 and DMT4000 switches. Celtro DynaMate(TM) adaptive
backhaul switching solutions empower cellular operators to
provide the most advanced broadband mobile services when
migrating the mobile network from 3G and HSPA to 4G of LTE
and WiMax, while keeping infrastructure costs in check.
Providers can now, for the first time, choose a
cost-effective, flexible, one-box solution that supports
all radio technologies of 2G, 2.5G, 3G, HSPA and 4G
LTE/WiMax, all backhaul technologies of TDM, ATM, Carrier
Ethernet, MPLS and IP with PWE interworking, and the
various backhaul network architectures of hybrid or
converged traffic over ATM and IP/MPLS - enabling increased
revenue generation through delivery of more advanced
services, with significant savings in network CapEx and
OpEx.
Designed from the ground up to solve pressing backhaul
network challenges for top-tier mobile providers, the
DMT1000 and DMT4000 leverage Celtro's powerful,
future-proof and field-proven DynaMate(TM) technology.
Already commercially deployed in thousands of mobile sites
by top-tier mobile operators serving hundreds of millions
of subscribers worldwide each day, DynaMate products offer
application layer switching, featuring unique traffic
optimization and statistical multiplexing for maximum
efficiency, dynamic sharing of backhaul resources for all
traffic types for improved service delivery, as well as
application-aware QoS for mobile voice, video, and data.
"The traffic being generated by HSDPA means that
operators can no longer satisfy themselves just with
transport efficiency savings deep in the network. They need
to support functionality across the mobile backhaul network
that will generate savings and improve capacity and service
delivery where the bandwidth constraints are felt most
acutely. Operators will welcome Celtro's evolution of the
DMT family to address this emerging multi-service market
which is key to making 3G data services profitable",
according to Patrick Donegan, senior analyst at Heavy
Reading.
"Since traditional microwave, copper and fiber
infrastructure technologies are hard-pressed and expensive
to scale up to wireless broadband requirements, the
backhaul has become the new 'weakest link' in provider
networks," noted Shahar Gorodeisky, CTO and VP
Marketing at Celtro. "By offering single-box solutions
that are both cost-effective and revenue-generating today,
and also support the migration to 4G and all-IP RAN
tomorrow - Celtro has cemented its position as the most
innovative, customer-centric provider of cellular backhaul
switching solutions in the market today," he
concluded.
The compact (1RU) DMT1000, designed for cell sites and
cell site aggregation points, provides E1/T1, STM1/OC3 and
Ethernet universal interfaces, for aggregating and
optimizing mobile traffic over TDM, ATM, Ethernet, MPLS or
IP backhaul networks. The larger (4RU) and scalable
DMT4000, designed for hub sites and BSC/RNC sites, offers
the same features and benefits as its smaller sibling, on a
much larger scale. Both new DMT products are fully
backward-compatible with previous DMT models.
About Celtro
Celtro provides innovative cellular backhaul switching
solutions that improve service delivery and increase
network efficiency -- helping providers enhance revenues,
improve customer satisfaction, lower operational costs and
streamline backhaul network investments.
Already adopted by top-tier providers worldwide,
Celtro's solutions focus solely on the cellular backhaul.
The company's patented DynaMate technology enables creation
of converged 2G/3G networks that accommodate HSPA rollout
and allow for smooth migration to future technologies.
Celtro has commercially deployed its cellular backhaul
switching products with leading mobile operators, currently
servicing more than 250 million subscribers in Europe,
Africa, Latin America and the US. For more information see
http://www.celtro.com .
For more information, please contact:
Paula Muezerie
AxiCom UK
Tel: +44-20-8392-4081
Mobile: +44-7725-761-445
Email: paula.muezerie@axicom.com
Debbie Lanyi
Director, Corporate Communications
Celtro Ltd.
Tel: +972-3-9206521
Email: debbie.lanyi@celtro.com
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