Market Newsdesk

February 9, 2021 5:16 am

Terranet to Showcase Breakthrough VoxelFlow™ Technology at STARTUP AUTOBAHN

The Scandinavian Leaders in Driving Automation Software also Announces Rebrand, Ensuring Safety on Future Roadways.

Lund, Sweden, February 9, 2021 – Terranet AB (Terranet/the Company), (Nasdaq: TERRNT-B.ST), developers of advanced driver-assist systems and the creators of breakthrough 3D motion awareness technology VoxelFlow™, announced today that it’d be participating in STARTUP AUTOBAHN where it will highlight recent developments to its premier VoxelFlow™ technology. Terranet is also announcing today that it has completed its rebrand, solidifying its commitment to ensuring safety across Autonomous Vehicles (AV) and Advanced Driver Assistance Systems (ADAS), securing its place in Scandinavia’s rich history of bringing innovative safety changes to the automobile industry.

STARTUP AUTOBAHN is an open innovation platform that provides an interface between innovative tech companies and industry-leading corporations. At the virtual event on February 25, 2021, Terranet will showcase VoxelFlow’s™ lightning-fast 3D technology that scans the area around AV and ADAS vehicle at a radius of 40 meters with a response time of three milliseconds, much faster than today’s ADAS systems which take 300 milliseconds. A breakout session will follow Terranet’s VoxelFlow™ showcase, where the Company will engage directly with attendees interested in learning more about the revolutionary technology. STARTUP AUTOBAHN is powered by Plug and Play, and sponsored by Dalmer and the University of Stugart.

“Since the invention of the automobile, Scandinavia has been a leader in ensuring that they are as safe as possible for the passenger,” said Pär-Olof Johannesson, CEO of Terranet. “VoxelFlow’s™patented, triple camera and sensor system, which will be a crucial part of the systems that make ADAS and AVs, is the next evolution in automobile safety, not only keeping passengers safe, but also ensuring the safety of all others sharing the roadways.”

Much like Volvo revolutionized the automobile industry by introducing the modern seatbelt over sixty years ago, Terranet plans to take a similar road as it brings its revolutionary VoxelFlow™ technology to market with a particular focus on passenger safety. Today, over 94% of all accidents are caused by human error, with a significant amount of those crashes occurring within 30-40 meters. Terranet plans to address those harrowing statistics with its VoxelFlow™ technology that will have the ability to classify dynamic moving objects in high resolution with extremely low latency using very low computational power, a key differentiator between the existing camera, lidar and frame-based sensor systems commonly relied on in the Driving Automation industry.

To attend STARTUP AUTOBAHN, visit: https://expo9.pnptc.events/

About Terranet

Terranet develops software for radio-based solutions and three-dimensional image analysis for advanced driver-assistance systems and autonomous vehicles (ADAS and AV). In-line with Scandinavia’s rich history of bringing innovative safety measures to the automobile industry, Terranet is pioneering breakthrough safety technology for the ADAS and AV industries at its headquarters in Lund, Sweden and its development sites in Kyiv, Ukraine; Stuttgart, Germany and Los Gatos, California. Terranet Holding AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST).

https://terranet.se/en/

About STARTUP AUTOBAHN powered by Plug and Play

STARTUP AUTOBAHN powered by Plug and Play is an open innovation platform that
provides an interface between innovative tech companies and industry-leading
corporations. The basis of the program is the partnership that develops between startups
and the corporate business units. The two entities hold an equal footing from the get-go:
together they evaluate the potential for a joint venture, move forward to pilot the
technology, and work to achieve the ultimate goal – a successful production-ready
implementation. Designed with the intention to exceed startup acceleration, STARTUP
AUTOBAHN powered by Plug and Play moderates a community for collaboration with a
focus on implementable results. https://expo9.pnptc.events

For more information please contact:

Pär-Olof Johannesson, CEO
[email protected]
+46 70 332 32 62

Media contact:
Sam Aurilla
[email protected]
FischTank PR

February 9, 2021 5:03 am

Equifax Acquires Open Banking and Transaction Data Analytics Company AccountScore

PR Newswire

ATLANTA, Feb. 9, 2021 /PRNewswire/ — Equifax, Inc. (NYSE: EFX) has acquired transaction data analytics company AccountScore Holdings Limited to bolster its Open Banking and insights capabilities.

The acquisition will see Equifax enhance its consumer and commercial product offerings, combining traditional credit bureau information held by Equifax with bank transaction data, facilitated by AccountScore.

Integration of these new data assets will enable Equifax clients to benefit from higher rates of automated, digital income verification, to carry out more granular assessments of affordability and expenditure and offer more predictive and inclusive credit scoring, by using the most up-to-date information available.

For consumers, this combined data approach will improve an individual’s ability to demonstrate their creditworthiness by enabling information that isn’t currently used to be taken into consideration. This approach enables financial inclusion for those with ‘thin’ credit files, increasing their potential access to credit at a time of great financial uncertainty.

“This is a really exciting development for Equifax and the acquisition of AccountScore, our long-term partner in open banking, is a natural next step as we continue to expand our data and analytics capabilities,” said Patricio Remon, President of Europe at Equifax. “AccountScore is a pioneering company with a proven track record of building innovative Open Banking platforms and this signals our commitment to continuously evolve and embrace strategic innovation to support our clients’ digital transformation, and will bring many benefits for their customers.”

“More than 2.5m UK consumers and businesses now use Open Banking-enabled products to manage their finances, access credit and make payments. This growth is helping to empower a generation of consumers, giving them more control over their own financial information, offering them greater access to a wider range of financial products and making it much easier to complete simple digital applications.”

“AccountScore and Equifax have an established and successful partnership, having collaborated on a number of products and offerings over the last two years,” saidEmma Steeley, CEO at AccountScore. “This acquisition allows AccountScore to accelerate its growth and reach new customers, backed by a powerful global company.”

“Open Banking is going from strength to strength, with the adoption in both the consumer and SME markets growing rapidly each month. We have seen lenders power improved credit decisions and account management processes using Open Banking to ultimately better service their customers.”

The acquisition positions Equifax at the forefront of the latest trends in Smart Data, including the transition of Open Banking to Open Finance, to incorporate data on additional financial services products such as insurance policies, pensions and mortgages.

Regulatory approval for the acquisition has been received from the United Kingdom’s Financial Conduct Authority (FCA).

For More Information:

BEN SHEIDLER

[email protected]

ABOUT EQUIFAX:

At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employees, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 11,000 employees worldwide, Equifax operates or has investments in 25 countries in North America, Central and South America, Europe, and the Asia Pacific region.

Equifax Ltd is a credit reference agency and one of the Equifax group companies based in the UK. Equifax Ltd is authorised and regulated by the Financial Conduct Authority. For more information, visit Equifax.co.uk and follow the company’s news on LinkedIn.

ABOUT ACCOUNTSCORE:

AccountScore Holdings Limited (AccountScore) is a highly innovative global data and analytics business that provides actionable insights and analytics on bank transaction data for clients. Providing reliable, accurate and easy to understand transaction data analytics on data either sourced through consents.online (AccountScore’s AISP) or directly imported. AccountScore’s subsidiary Consents Online Limited (consents.online) is a registered Account Information Service Provider (“AISP”), regulated by the FCA, which provides branded Open Banking as a Service (“OBaaS®”) and has access to APIs from banks to collect transaction data and provides the consumer with a portal to give them control over viewing and managing related data consents.

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SOURCE Equifax Inc.

February 9, 2021 5:03 am

Allot Announces Fourth Quarter & Full Year 2020 Financial Results

2020 revenue grew by 23% year-over-year

New security recurring revenue deals executed in 2020 reached total of $192M MAR

PR Newswire

HOD HASHARON, Israel, Feb. 9, 2021 /PRNewswire/ — Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited fourth quarter and full year 2020 financial results.

Financial Highlights

Fourth quarter revenues were $39.1 million, up 28% year-over-year;
Full year revenues were $135.9 million, up 23% year-over-year;
Gross margin on a non-GAAP basis increased in 2020 to 71% compared to 70% in 2019;
MAR *(maximum annual revenue potential of concluded transactions) reported for 2020 reached $192 million;
GAAP operating loss for Q4 2020 was $1.2 million compared to $1.9 in Q4 2019;
Non-GAAP operating profit for Q4 2020 was $0.5 million compared to a loss of $1.8 million in Q4 2019;

Financial Outlook

Management expects 2021 revenues to grow to between $145-150 million;
Management expects to close additional recurring security deals to be executed in 2021 with MAR* expected to exceed $180 million;
Management expects recurring security revenues in 2021 to be between $6 –$8 million, and expected to exceed $25 million in 2022;

Management Comment

Erez Antebi, President & CEO of Allot, commented: “We are very happy with our achievements in 2020, showing strong continued revenue growth and solid performance throughout the year. Threats on the internet are on the rise and growing numbers of consumers and operators see the need for Network based protection. Despite travel restrictions and delays as result of COVID, we signed recurring security revenue deals with a total MAR of $192M – significantly above our target for the year. We see this as a testament for the strong need for easy to use network based cybersecurity services.”

Continued Mr. Antebi, “We see 2021 as a transformation year for the market as our recurring security partners begin to launch their services and we will see the early ramp of revenues. We continue to invest in our offerings and in sales and marketing, to capitalize on the opportunities ahead of us. We are very encouraged by the traction we are gaining and expect to continue signing additional recurring security revenue deals during 2021 with an MAR of $180 million, ensuring our long-term sustainable growth. We look forward to reaping the rewards in the coming years.”

Q4 2020 Financial Results Summary

Total revenues for the fourth quarter of 2020 were $39.1 million, an increase of 28% compared to $30.6 million in the fourth quarter of 2019.

Gross profit on a GAAP basis for the fourth quarter of 2020 was $27.5 million (gross margin of 70.3%), a 32% improvement compared with $20.8 million (gross margin of 68.0%) in the fourth quarter of 2019.

Gross profit on a non-GAAP basis for the fourth quarter of 2020 was $27.7 million (gross margin of 70.9%), a 32% improvement compared with $21.0 million (gross margin of 68.7%) in the fourth quarter of 2019.

Net loss on a GAAP basis for the fourth quarter of 2020 was $1.7 million, or $0.05 per basic share, compared with a net loss of $1.7 million, or $0.05 per basic share, in the fourth quarter of 2019.

Net income on a non-GAAP for the fourth quarter of 2020 was $0.4 million, or $0.01 earnings per basic share compared with a non-GAAP net loss of $1.7 million, or $0.05 loss per basic share, in the fourth quarter of 2019.

2020 Financial Results Summary

Total revenues for 2020 were $135.9 million, an increase of 23% compared to $110.1 million in 2019.

Gross profit on a GAAP basis for 2020 was $95.8 million (gross margin of 70.5%), a 26% improvement compared with $76.3 million (gross margin of 69.3%) in 2019.

Gross profit on a non-GAAP basis for 2020 was $96.8 million (gross margin of 71.2%), a 25% improvement compared with $77.3 million (gross margin of 70.2%) in 2019.

Net loss on a GAAP basis for 2020 was $9.3 million, or $0.27 per basic share, compared with a net loss of $8.7 million, or $0.25 per basic share, in 2019.

Net loss on a
n
on-GAAP for 2020 was $3.6 million, or $0.10 per basic share, a decrease compared with a non-GAAP net loss of $7.5 million, or $0.22 per basic share, in 2019.

Cash and investments as of December 31, 2020 totaled $99.4 million, compared to $107.2 million as of September 30, 2020 and $117.6 million as of December 31, 2019.

Conference Call & Webcast

:

The Allot management team will host a conference call to discuss fourth quarter and full year 2020 earnings results today, February 9, 2021 at 8:30 am ET, 3:30 pmIsrael time. To access the conference call, please dial one of the following numbers:

US: 1-888-668-5032, Israel: +972-3-918-0609

A live webcast and, following the end of the call, an archive of the conference call, will be accessible on the Allot website at: http://investors.allot.com/index.cfm

About Allot

Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT) is a provider of leading innovative network intelligence and security solutions for service providers and enterprises worldwide, enhancing value to their customers. Our solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1,000 enterprises. Our industry leading network-based security as a service solution has achieved over 50% penetration with some service providers and is already used by over 20 million subscribers in Europe. Allot. See. Control. Secure.

For more information, visit www.allot.com

*MAR (maximum annual revenue potential of concluded transactions) was estimated by Allot upon transaction signature and constitutes an approximation of the theoretical annual revenues Allot would receive if 100% of the customer’s subscribers, as estimated by Allot, signed up for the service.

GAAP to Non-GAAP Reconciliation

:

The difference between GAAP and non-GAAP revenues is related to the acquisitions made by the Company and represents revenues adjusted for the impact of the fair value adjustment to acquired deferred revenue related to purchase accounting. Non-GAAP net income is defined as GAAP net income after including deferred revenues related to the fair value adjustment resulting from purchase accounting and excluding stock-based compensation expenses, amortization of acquisition-related intangible assets, deferred tax asset adjustment, changes in taxes related items and other acquisition-related expenses.

These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. The non-GAAP results and a full reconciliation between GAAP and non-GAAP results is provided in the accompanying Table 2. The Company provides these non-GAAP financial measures because it believes they present a better measure of the Company’s core business and management uses the non-GAAP measures internally to evaluate the Company’s ongoing performance. Accordingly, the Company believes they are useful to investors in enhancing an understanding of the Company’s operating performance.

Safe Harbor Statement

This release contains forward-looking statements, which express the current beliefs and expectations of Company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements set forth in such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors, government regulation; the timing of completion of key project milestones which impact the timing of our revenue recognition; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing lengthy sales cycles; operational risks associated with large projects; our dependence on fourth party channel partners for a material portion of our revenues; court approval of the Company’s proposed share buy-back program; and other factors discussed under the heading “Risk Factors” in the Company’s annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact:

GK Investor Relations

Ehud Helft

+1 646 201 9246

[email protected]

Public Relations Contact:

Seth Greenberg, Allot Ltd.
+972 54 922 2294
[email protected]

TABLE – 1
ALLOT LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)

	Three Months Ended		Year Ended
	December 31,		December 31,
	2020	2019	2020	2019
	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)

Revenues	$ 39,091	$ 30,567	$ 135,922	$ 110,100
Cost of revenues	11,627	9,784	40,082	33,834
Gross profit	27,464	20,783	95,840	76,266

Operating expenses:
Research and development costs, net	12,611	8,563	43,447	31,461
Sales and marketing	12,787	12,186	47,528	47,105
General and administrative	3,223	1,954	13,894	6,678
Total operating expenses	28,621	22,703	104,869	85,244
Operating loss	(1,157)	(1,920)	(9,029)	(8,978)
Financial and other income, net	343	600	1,857	1,960
Loss before income tax expenses	(814)	(1,320)	(7,172)	(7,018)

Tax expenses	867	362	2,176	1,641
Net Loss	(1,681)	(1,682)	(9,348)	(8,659)

Basic net loss per share	$ (0.05)	$ (0.05)	$ (0.27)	$ (0.25)


Diluted net loss per share	$ (0.05)	$ (0.05)	$ (0.27)	$ (0.25)

Weighted average number of shares used in
computing basic net loss per share	35,317,213	34,450,317	35,007,201	34,250,582

Weighted average number of shares used in
computing diluted net loss per share	35,317,213	34,450,317	35,007,201	34,250,582

TABLE – 2
ALLOT LTD.
AND ITS SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except per share data)

	Three Months Ended		Year Ended
	December 31,		December 31,
	2020	2019	2020	2019
	(Unaudited)		(Unaudited)
GAAP cost of revenues	$ 11,627	$ 9,784	$ 40,082	$ 33,834
Share-based compensation (1)	(113)	(76)	(355)	(264)
Amortization of intangible assets (2)	(152)	(152)	(608)	(853)
Changes in taxes and headcount related items (4)	–	–	–	75
Non-GAAP cost of revenues	$ 11,362	$ 9,556	$ 39,119	$ 32,792

GAAP gross profit	$ 27,464	$ 20,783	$ 95,840	$ 76,266
Gross profit adjustments	265	228	963	1,042
Non-GAAP gross profit	$ 27,729	$ 21,011	$ 96,803	$ 77,308

GAAP operating expenses	$ 28,621	$ 22,703	$ 104,869	$ 85,244
Share-based compensation (1)	(1,663)	(942)	(4,843)	(3,156)
Amortization of intangible assets (2)	–	(189)	–	(754)
Income (Expenses) related to M&A activities (3)	–	1,246	(82)	3,980
Changes in taxes and headcount related items (4)	296	–	296	(31)
Non-GAAP operating expenses	$ 27,254	$ 22,818	$ 100,240	$ 85,283

GAAP financial and other income	$ 343	$ 600	$ 1,857	$ 1,960
Exchange rate differences*	(84)	(119)	(552)	83
Non-GAAP Financial and other income	$ 259	$ 481	$ 1,305	$ 2,043

GAAP taxes on income	$ 867	$ 362	$ 2,176	$ 1,641
Tax expenses in respect of net deferred tax asset recorded	(15)	(25)	(202)	(74)
Changes in tax related items	(500)	–	(500)	–
Non-GAAP taxes on income	$ 352	$ 337	$ 1,474	$ 1,567

GAAP Net Loss	$ (1,681)	$ (1,682)	$ (9,348)	$ (8,659)
Share-based compensation (1)	1,776	1,018	5,198	3,420
Amortization of intangible assets (2)	152	341	608	1,607
Expenses (Income) related to M&A activities (3)	–	(1,246)	82	(3,980)
Changes in taxes and headcount related items (4)	(296)	–	(296)	(44)
Exchange rate differences*	(84)	(119)	(552)	83
Tax expenses in respect of net deferred tax asset recorded	15	25	202	74
Changes in tax related items	500	–	500	–
Non-GAAP Net income (loss)	$ 382	$ (1,663)	$ (3,606)	$ (7,499)

GAAP Loss per share (diluted)	$ (0.05)	$ (0.05)	$ (0.27)	$ (0.25)
Share-based compensation	0.05	0.03	0.15	0.10
Amortization of intangible assets	0.01	0.01	0.02	0.05
Expenses (Income) related to M&A activities	–	(0.04)	0.01	(0.12)
Changes in taxes and headcount related items (4)	(0.01)	–	(0.01)	(0.00)
Exchange rate differences*	(0.00)	(0.00)	(0.01)	0.00
Changes in tax related items	0.01	–	0.01	–
Non-GAAP Net income (loss) per share (diluted)	$ 0.01	$ (0.05)	$ (0.10)	$ (0.22)


Weighted average number of shares used in
computing GAAP diluted net loss per share	35,317,213	34,450,317	35,007,201	34,250,582


Weighted average number of shares used in
computing non-GAAP diluted net income (loss) per share	37,574,546	34,450,317	35,007,201	34,250,582

* Financial income or expenses related to exchange rate differences in connection with revaluation of assets and liabilities in non-dollar denominated currencies.

TABLE – 2 cont.
ALLOT LTD.
AND ITS SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except per share data)

		Three Months Ended		Year Ended
		December 31,		December 31,
		2020	2019	2020	2019
		(Unaudited)		(Unaudited)

(1) Share-based compensation:
	Cost of revenues	$ 113	$ 76	$ 355	$ 264
	Research and development costs, net	412	230	1,368	847
	Sales and marketing	683	350	2,145	1,257
	General and administrative	568	362	1,330	1,052
		$ 1,776	$ 1,018	$ 5,198	$ 3,420

(2) Amortization of intangible assets
	Cost of revenues	$ 152	$ 152	$ 608	$ 853
	Sales and marketing	–	189	–	754
		$ 152	$ 341	$ 608	$ 1,607

(3) Expenses (Income) related to M&A activities
	General and administrative	$ –	$ (1,374)	$ –	$ (4,882)
	Research and development costs, net	–	128	82	902
		$ –	$ (1,246)	$ 82	$ (3,980)

(4) Changes in taxes and headcount related items
	Cost of revenues	$ –	$ –	$ –	$ (75)
	Sales and marketing	(296)	–	(296)	16
	General and administrative	–	–	–	15
		$ (296)	$ –	$ (296)	$ (44)

TABLE – 3
ALLOT LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)

	December 31,	December 31,
	2020	2019
	(Unaudited)	(Audited)

ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$ 23,599	$ 16,930
Short-term bank deposits	47,225	5,557
Restricted deposit	1,200	23,183
Available-for-sale marketable securities	27,178	61,012
Trade receivables, net	20,685	29,008
Other receivables and prepaid expenses	14,205	6,528
Inventories	12,586	10,668
Total current assets	146,678	152,886

LONG-TERM ASSETS:
Restricted deposit	–	10,913
Long-term bank deposits	215	–
Severance pay fund	434	387
Operating lease right-of-use assets	4,458	6,368
Deferred taxes	420	517
Other assets	2,975	926
Total long-term assets	8,502	19,111

PROPERTY AND EQUIPMENT, NET	11,993	8,135
GOODWILL AND INTANGIBLE ASSETS, NET	34,427	35,037

Total assets	$ 201,600	$ 215,169

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Trade payables	$ 2,092	$ 11,676
Deferred revenues	26,658	36,360
Short-term operating lease liabilities	2,813	3,151
Other payables and accrued expenses	27,299	22,255
Total current liabilities	58,862	73,442

LONG-TERM LIABILITIES:
Deferred revenues	9,782	5,262
Long-term operating lease liabilities	1,835	3,820
Accrued severance pay	969	794
Total long-term liabilities	12,586	9,876

SHAREHOLDERS’ EQUITY	130,152	131,851

Total liabilities and shareholders’ equity	$ 201,600	$ 215,169

TABLE – 4
ALLOT LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(U.S. dollars in thousands)

	Three Months Ended		Year Ended
	December 31,		December 31,
	2020	2019	2020	2019
	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)

Cash flows from operating activities:

Net Loss	$ (1,681)	$ (1,682)	$ (9,348)	$ (8,659)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	1,041	837	3,704	2,752
Stock-based compensation related to options granted to employees	1,776	1,018	5,198	3,420
Amortization of intangible assets	152	341	608	1,607
Capital loss	18	–	18	–
Increase (Decrease) in accrued severance pay, net	92	(21)	128	(54)
Increase in other assets	(2,315)	(160)	(2,048)	(326)
Decrease in accrued interest and amortization of premium on marketable securities	11	7	357	343
Changes in operating leases, net	198	456	(413)	603
Decrease (Increase) in trade receivables	(1,740)	(8,034)	8,323	(2,915)
Increase in other receivables and prepaid expenses	(6,126)	(2,479)	(7,272)	(3,168)
Decrease (Increase) in inventories	2,950	(1,502)	(1,918)	(253)
Decrease (Increase) in long-term deferred taxes, net	(76)	33	96	(236)
Increase (Decrease) in trade payables	(8,807)	4,389	(9,584)	3,863
Increase in employees and payroll accruals	2,395	4,048	2,047	4,635
Increase (Decrease) in deferred revenues	4,215	5,760	(5,182)	23,520
Increase (Decrease) in other payables, accrued expenses and other long term liabilities	2,091	464	3,061	(9,040)
Net cash provided by (used in) operating activities	(5,806)	3,475	(12,225)	16,092

Cash flows from investing activities:
Decrease (Increase) in restricted deposit	519	(23,331)	32,896	(33,374)
Redemption of (Investment in) short-term deposits	7,936	3,000	(41,883)	16,986
Purchase of property and equipment	(2,035)	(918)	(7,582)	(3,708)
Investment in available-for sale marketable securities	(844)	(8,154)	(1,219)	(39,950)
Proceeds from redemption or sale of available-for sale marketable securities	5,483	11,173	34,847	43,555
Net cash provided by (used in) investing activities	11,059	(18,230)	17,059	(16,491)

Cash flows from financing activities:

Exercise of employee stock options	155	220	1,835	993
Net cash provided by financing activities	155	220	1,835	993


Increase (Decrease) in cash and cash equivalents	5,408	(14,535)	6,669	594
Cash and cash equivalents at the beginning of the period	18,191	31,465	16,930	16,336
Cash and cash equivalents at the end of the period	$ 23,599	$ 16,930	$ 23,599	$ 16,930

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SOURCE Allot Ltd.

February 9, 2021 5:03 am

Chinese Aesthetic Treatment Industry White Paper 2020 Jointly Released By AIH and Forbes China

PR Newswire

SHENZHEN, China, Feb. 9, 2021 /PRNewswire/ — Aesthetic Medical International Holdings Group Limited (the “Company” or “AIH”, Nasdaq: AIH), a leading provider of aesthetic medical services in China, and Forbes China have jointly released the Chinese Aesthetic Treatment Industry White Paper 2020 (the “White Paper”), the first white paper on the aesthetic treatment industry in China.

At a length of about 40,000 words, the White Paper defines the Chinese aesthetic treatment industry in a professional manner, sheds light on the status quo of the development of the market, and reveals the latest expansion of the industry as well as the ever-evolving trends of consumer segments. The release of the White Paper marks a milestone for the aesthetic treatment industry in China, hence the onset of a market marching from fragmentation to consolidation and from irregularity to regularity.

As of 2020, the market size of the Chinese aesthetic treatment industry has reached more than USD 30 billion, but the overall market penetration rate is still far behind that of developed countries. An annual growth rate in excess of 20% for the next few years is generally projected by the investors; consequently, throughout 2020, the amount of investment and financing in the sector within China has reached RMB 80 billion (USD 11.7 billion).

However, it should also be noted that the market — teeming with a large number of players, many of which are small scaled — is characterized by considerable deficiencies and non-compliance. In the past two years, AIH has successively acquired 13 aesthetic medical centers and has normalized medical aesthetics services with standardized measures, which have yielded satisfying results. Going forward, AIH will leverage the power of the capital market to expand externally through M&A and other strategies, thus maintaining a leading position in this fast-growing market and conveying its sense of social responsibility as a public company.

Dr. Zhou Pengwu, Chairman and CEO of the Company, commented, “Forbes China’s decision to collaborate in this White Paper is a recognition, apparently by mainstream media, of values that AIH has adhered to — bringing beauty by delivering safe, high-quality aesthetic medical services. It is also an acknowledgement of the conscientiousness by AIH employees for over two decades. Meanwhile , we are keenly aware of AIH’s responsibilities to consumers, investors, and the whole society. As the industry’s first listed company in China, we effectively serve as a leading role model in the industry and hold fast to such a mindset, the mindset living up to the well-deserved reputation of a public company.”

About Forbes China

Founded in New York in 1917 with the motto “entrepreneurship and wealth creation”, Forbes has become an industry leader pronounced in its entrepreneurial and innovative spirits. The lists produced by Forbes are hailed as the economic barometer and the leading indicator of wealth. Harboring its entrepreneurial and innovative spirits, Forbes launched in China in 2003 and has since produced a series of lists, research, activities, and other platforms, including the “Forbes China Rich List”. Forbes China is committed to creating an enterprising interactive community for high-end customers, providing a forward-looking and shared environment, and building an entrepreneurial and innovative information ecosystem.

About AIH

Aesthetic Medical International Holdings Group Limited (NASDAQ:AIH), founded in Shenzhen, China in 1997, is an international listed group specialized in aesthetic medical services as well as the first aesthetic medical services organization listed in China’s main board. AIH has always prioritized the safety and quality of aesthetic services, making it one of aesthetic services institutions with the best medical safety records as well as with the longest history in the industry and thus enjoying prestige in the society and among consumers.

Domestically headquartered in Shenzhen and internationally headquartered in Singapore, AIH’s treatment centers operate in mainland China, Hong Kong SAR, and Singapore. The company boasts an outstanding medical service team of more than 2,000 employees and 240 senior doctors with an average of over 10 years of experience, more than 30 of whom hold doctor’s or master’s degrees or serve as the supervisors thereof.

View original content:http://www.prnewswire.com/news-releases/chinese-aesthetic-treatment-industry-white-paper-2020-jointly-released-by-aih-and-forbes-china-301224499.html

SOURCE Aesthetic Medical International Holdings Group Limited (AIH)

February 9, 2021 5:03 am

PARTNERSHIPS CAN FURTHER ACCELERATE THE FUTURE OF PRIVATE TRAVEL IN FACE OF COVID-19, SAYS VISTAJET INDUSTRY RESEARCH

London, February 9, 2021: Strategic industry partnerships — linking businesses across different segments of the luxury travel, hospitality and leisure sector — are widely seen as a key component to further the recovery from the impact caused by the COVID-19 pandemic. New research from VistaJet, the first and only global business aviation company, in association with Barton, the high-net-worth insight consultants, demonstrates the far-ranging value placed on partnerships by leading businesses in the sector.

While private aviation has continued to see an influx of new customers, according to VistaJet’s report, The Future of Private Travel, the impact of the COVID-19 pandemic in 2020 has in general been severe for many international luxury travel and hospitality businesses, with over three-quarters (77.8%) of businesses having seen net revenue fall by at least 60% year-on-year, and around 43% seeing a drop of over 90%. Despite a promising vaccine program, many businesses are still cautious about forecasting a quick recovery in the immediate months ahead. However, 25.9% are optimistic and are starting to refocus their offering onto a HNW target group, predicting a rapid recovery to pre-pandemic levels. VistaJet itself saw an increase of 29% in new Members joining in 2020, while its sister brand XO has seen new membership sales up 3x.

Many businesses are already innovating to rethink their operational and commercial strategies — 94.4% having taken or are planning action to innovate their customer service and experience protocols, and 62.3% of businesses have already introduced new offerings, products or services, with increased digital services and more personalized concierge offerings being particularly in-demand.

As businesses look ahead, it is clear that a majority of industry leaders are looking to collaborative partnerships outside of their core business, to help mitigate the negative impact of travel restrictions and ensure their clients continue to experience unparalleled end-to-end service throughout their journey. 86.5% of businesses are taking action to collaborate with other top players within the industry, including hotels, tour designers, private aviation, yachts, chauffeur and concierge services. Additionally, 46.8% have said that partnerships are already helping to generate further revenue during the pandemic, which is notable due to the limitations on travel globally in 2020, while 70% are looking to establish new partnerships within the next 12 months.

Partnerships can provide customers with an integrated service at every stage of their travels, with safer and more reliable experiences in the uncertain world of COVID-19. For example, VistaJet’s own partnerships program, Private World, leverages its relationships to provide customers with a bespoke travel experience, from pre-flight to flight and accommodation, with preferred services already lined up at destination — from yachts to hotels, private islands and retreats. This is just one solution of many within the industry.

Ian Moore, Chief Commercial Officer, VistaJet said: “While the impact of COVID-19 has been significant on a number of luxury travel, hospitality and leisure businesses, it is clear that business aviation is leading this entire sector with a V-shaped recovery. Hence, we are increasing the number of partnerships to help accelerate the whole sector’s path to recovery. As consumers continue to be burdened with complicated travel restrictions, they look for simple solutions they know are safe and reliable. Collaboration between the best mobility and hospitality players on the ground provides not only peace of mind, but also the high-quality service and impeccable standards our customers have come to expect. I continue to be optimistic for the long-term growth and opportunities of the sector.”

Winston Chesterfield, Founder, Barton said: “While almost every industry has been adversely impacted by the pandemic, the global travel and hospitality sector has been the most brutally affected. There is no alternate or flexible working format for most of these businesses; legally mandated closure is often fatal. And yet as this report shows, there is still great hope for the recovery. The eagerness of many wealthy clients to ‘get back out there’ after the initial fear from the virus has been a shot in the arm for the industry. It has also required these wealthy clients to place even greater trust in those organizations enabling this to happen. It is the fulfilment of this trust in the foreseeable future that will help to fire up this giant global ecosystem once more.”

For the full findings of the report, The Future of Private Travel, please visit vistajet.com/privatetravel.

– Ends –

Information 
Jennifer Farquhar | VistaJet | [email protected]

Notes for Editors

The Future of Private Travel

Report Methodology

The research invited over 650 leaders in the luxury hospitality industry to share their voices and insights. The individuals we heard from were from a range of organization types and sizes, from small luxury travel designer agencies to large, multi-national hotel groups. It was a global study, with around half of these organizations based in Europe, a fifth from Asia as well as North America, the Middle East and South America. A more detailed breakdown of data is available upon request.

About VistaJet

VistaJet is the first and only global business aviation company. On its fleet of over 70 silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world. Founded in 2004, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere.
VistaJet is part of Vista Global Holding — the world’s first private aviation ecosystem, integrating a unique portfolio of companies offering asset-light solutions to cover all key aspects of business aviation. More VistaJet information and news at vistajet.com

About Barton

Barton consults businesses in sectors focused on targeting wealthy consumers, combining evidence and guidance to help these organizations and brands grow and thrive. Whether for business strategy, brand assessment, communication, trend analysis or thought leadership, Barton knows that businesses need to have confidence in their decisions. Barton offers cross-sector knowledge in a responsive, agile way, combining creativity with pragmatism, providing the perspective needed to make informed choices. More information at barton-consulting.co.uk

VistaJet Limited is a European air carrier that operates 9H registered aircraft under its Maltese Air Operator Certificate No. MT-17 and is incorporated in Malta under Company Number C 55231. VistaJet and its subsidiaries are not U.S. direct carriers. VistaJet-owned and U.S. registered aircraft are operated by properly licensed U.S. air carriers, including XOJET Aviation LLC.

Attachments

February 9, 2021 5:03 am

SunHydrogen Provides Update and Shares Newly Taken Images of its Gen 1 Demonstration Units

Production is on track for beginning of Q2

SANTA BARBARA, CA, Feb. 09, 2021 (GLOBE NEWSWIRE) — SunHydrogen, Inc. (OTC:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today shared an update and published new, recently taken photos of its Gen 1 demonstration program units being assembled by Suzhou GH New Energy Tech Co. in Suzhou China. Photos of the Gen 1 program units are shared with the public here, and images and video will continue to be added as they are made available.

“These images reflect the progress and strength of the working relationship we have established with Suzhou GH New Energy,” said Tim Young, CEO of SunHydrogen, Inc. “As SunHydrogen and its technologies grow in visibility within the energy and renewables sectors as well as global capital markets, it is important for us to ensure potential partners, customers and investors are informed of progress. Suzhou GH New Energy has performed the work on schedule, and has been incredibly insightful in overcoming the design issues we faced last year. We would also like to thank Suzhou Maimaosi Sensor Technology for their diligence and expertise in the electroplating process of the cells, and look forward to sharing additional updates as we determine possible demonstration sites.”

Gen 1 program
technology uses multi-junction amorphous silicon solar cells, and is designed to provide a clear proof of concept and demonstrate the potential for scalable growth and commercial viability of the Gen 2 program. As shown in the images, SunHydrogen is completing the build-out of the 100 prototype solar hydrogen units that include proprietary solar cell assembly with applied coatings and catalysts, and the housing for safe hydrogen collection.

In 2019, SunHydrogen demonstrated 1000 hours of continuous hydrogen production utilizing Gen 1 cell technology, which allowed it to then focus on scaling up the technology. While the overall efficiency of the cells is low, SunHydrogen continues to gain significant and valuable insight during experimentation that it intends to leverage in the development of its Gen 2 nanoparticle technology. SunHydrogen anticipates completing the 100 demonstration units in the beginning of Q2 of 2021, enabling the Company to leverage them as further proof of concept as the Company looks to accelerate its nano-technology development.

SunHydrogen’s Gen 2 program is one that the Company believes is most economical from a technology and commercial viability standpoint. By gaining and leveraging insights from the Gen 1 program, Gen 2 technology is well positioned to attain three times the solar-to-hydrogen efficiency and represents a potential tipping point for market-changing hydrogen production.

About SunHydrogen, Inc.

SunHydrogen is developing a breakthrough, low-cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. Unlike hydrocarbon fuels, such as oil, coal and natural gas, where carbon dioxide and other contaminants are released into the atmosphere when used, hydrogen fuel usage produces pure water as the only byproduct. By optimizing the science of water electrolysis at the nano-level, our low-cost nanoparticles mimic photosynthesis to efficiently use sunlight to separate hydrogen from water, ultimately producing environmentally friendly renewable hydrogen. Using our low-cost method to produce renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel cell vehicles. To learn more about SunHydrogen, please visit our website at www.SunHydrogen.com.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: our ability to successfully negotiate agreements with suppliers and manufacturers of our hydrogen generation panels. the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and other factors detailed in reports filed by the Company with the Securities and Exchange Commission.

Press Contact:
[email protected]

Attachments

img1
img2

February 9, 2021 5:03 am

Aurora Mobile Receives InfoQ 2020 Best Technology Community Award for Expertise in Mobile Development and Industry Impact

SHENZHEN, China, Feb. 09, 2021 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading mobile developer service provider in China, today announced that it received the InfoQ 2020 Best Technology Community Award (the “Award”) at the Developer Ecosystem Co-creation Program virtual conference, hosted by InfoQ on February 5, 2021. InfoQ is one of the largest and most influential technology communities in China. The Award recognizes Aurora Mobile for its contributing high-quality content within technology communities, profound expertise in mobile development and technology leadership and extensive impact across multiple industries. SAP, CODING (a subsidiary of Tencent Cloud), 360 DigiTech, SENSORS Data and some other well-known companies have also received the Award.

The InfoQ virtual conference was attended by more than a hundred business representatives, TGO Kunpeng Club members, and technical experts to discuss topics such as mobile APP developer ecosystem development, technical content production, and engagement of technical communities. There were twelve awards at the conference given to enterprises and individuals that have made outstanding contributions to the technology industry in China.

Since its inception in 2011, Aurora Mobile’s products, value proposition and strategy has been focused on developers’ needs. A series of services including push notifications, one-key authentication, instant messaging, statistics and analytics, traffic monetization (JG Alliance), JG VaaS (Video as a Service), and JG UMS (Unification Messages System) have been successively launched to help APP developers improve operations, drive business growth and monetization. To date, Aurora Mobile has provided software development kits to over 1.65 million APPs across sectors including finance, e-commerce, online education, information, gaming and new energy vehicles. Aurora Mobile has strengthened its developer-centric strategy based on continuous product iteration and expansion of application scenarios. In December 2020, Aurora Mobile was named the “2020 Most Trusted SaaS Platform by Developers” at a conference hosted by pingwest.com. Aurora Mobile was the sole recipient of the award for technology innovation, a clear indication that Aurora Mobile’s industry-leading technical capabilities and SaaS product and service offerings are well received and trusted by millions of developers in China.

Aurora Mobile’s products and services have enabled developers to drive business growth for over a decade. Going forward, Aurora Mobile will continue to work together with developers to support technology development and develop a sustainable mobile development ecosystem.

About Aurora Mobile Limited

Founded in 2011, Aurora Mobile is a leading mobile developer service provider in China. Aurora Mobile is committed to providing efficient and stable push notification, one-click verification, and APP traffic monetization services to help developers improve operational efficiency, grow and monetize. Meanwhile, Aurora Mobile’s vertical applications have expanded to market intelligence, financial risk management, and location-based intelligence, empowering various industries to improve productivity and optimize decision-making.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SaaS-model; its ability maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

For general inquiry, please contact:

Aurora Mobile Limited

E-mail: [email protected]

Christensen

In China

Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: [email protected]

In US

Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: [email protected]

February 9, 2021 5:03 am

Fraser Institute News Release: Lessons from Klein era can help Kenney repair Alberta government finances

CALGARY, Alberta, Feb. 09, 2021 (GLOBE NEWSWIRE) — When tackling today’s fiscal challenges, the Alberta government can learn some key lessons from the Klein era of the 1990s, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think tank.

“Successive governments in Alberta have repeated many of the mistakes of the pre-Klein era, including an overreliance on natural resource revenue and high levels of spending, which has produced deficits and rapid debt accumulation,” said Tegan Hill, Fraser Institute economist and co-author of Lessons for Fiscal Reform from the Klein Era.

For example, prior to the 2008/09 recession, Alberta held $43.0 billion (inflation-adjusted) more in assets than it did in debt —in other words, it was Canada’s only debt-free province. Since then, due to government spending growth, nearly uninterrupted budget deficits (and the recent impact of the COVID recession and low oil prices), Alberta’s net government debt burden will reach an estimated $63.5 billion in 2020/21.

When late Alberta premier Ralph Klein entered office in the 1990s, his government also inherited a similar fiscal situation marked by large deficits and rapidly growing debt due primarily to high spending levels by its predecessors.

In response, the Klein government’s 1993 budget included swift broad-based spending reform—not economically-harmful tax increases—which reduced nominal government program spending (total spending minus interest costs) by 21.6 per cent over three fiscal years. As a result, the deficit was quickly eliminated, laying the foundation for more than a decade of budget surpluses, which left Alberta with, by far, the strongest balance sheet of any government in Canada.

“The Klein government managed to repair Alberta’s finances without relying on rising natural resource revenues—indeed, the deficit-reduction plan was based on factors the government could control, namely spending,” said Ben Eisen, Fraser Institute senior fellow and study co-author.

“If the Kenney government is serious about eliminating the budget deficit without harmful tax hikes, it should bring spending levels in line with provincial revenues,” Hill said.

MEDIA CONTACTS:

Tegan Hill, Economist, Fraser Institute
Ben Eisen, Senior Fellow, Fraser Institute

To arrange media interviews or for more information, please contact:

Mark Hasiuk, Senior Media Relations Specialist, 604-688-0221 ext. 517,
[email protected]

Follow the Fraser Institute on Twitter | Like us on Facebook

The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute’s independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org.

February 9, 2021 5:03 am

Service Providers Help UK Manufacturers Achieve Modernization and Cost Cuts in Face of Pandemic Challenges

Service Providers Help UK Manufacturers Achieve Modernization and Cost Cuts in Face of Pandemic Challenges

ISG Provider Lens™ report finds use of sourcing growing as manufacturers bolster business continuity processes, develop local production capabilities and adopt as-a-service offerings

LONDON–(BUSINESS WIRE)–
Disruptions caused by the COVID-19 crisis have stretched the abilities of British manufacturers to keep their operations running, causing smaller companies to struggle and leading to a wave of consolidations, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2020 ISG Provider Lens™ Manufacturing Industry Services report for the U.K. finds the demands of the pandemic, such as remote work requirements, have forced manufacturers to ensure they have robust infrastructures for business continuity. Many smaller companies lack these systems, and the COVID-19 economic slump has weakened enterprises’ ability to make new investments.

Against this backdrop, system integrators are helping some enterprises move away from legacy platforms, while engineering services providers are building integrated technology stacks that transform processes in ways that can improve business results, according to ISG.

“The digital transformation of manufacturing is becoming more essential as U.K. companies look for ways to weather the global downturn,” said Christian Decker, ISG partner and smart manufacturing lead for EMEA. “While improving business continuity can help them survive this crisis, they are becoming stronger businesses for the future by focusing on the entire product lifecycle.”

Enterprises are turning to engineering providers for the capability to quickly detect and fix production faults and outages, which is critical under any conditions, the report says. Manufacturers are also seeking help in analyzing and reducing costs, with many concerned whether they can afford to continue in their current mode of operations for six months or a year to come.

U.K. manufacturers also have ramped up efforts to virtualize production and move it closer to customers, a trend already in motion due to Brexit, the report says. Supply-chain disruptions caused by the pandemic have given companies a new reason to create smart local factories.

The outsourcing industry in the U.K. is mature and growing, with service providers establishing more integrated engagements with manufacturers in areas including infrastructure, business process management and modernization of legacy systems. Manufacturers are also increasing their use of as-a-service consumption for offerings such as device-as-a-service and platform-as-a-service, the report says.

By providing new platforms and frameworks architected for the future, typically built with open-source technologies in hybrid multi-cloud environments, providers are allowing companies to find alternatives to mass layoffs, ISG says. These platforms provide data that empowers employees to make decisions, execute services, perform diagnostics and manage the shop floor just as they would on a physical network.

In addition, service providers are helping manufacturing enterprises use digital transformation to address the entire product lifecycle, starting from the design and testing phases and extending beyond production to delivery and service, ISG says. Companies want products in customers’ hands to be as connected as possible for maintenance, troubleshooting, supply management and visibility into how the product is used.

The 2020 ISG Provider Lens™ Manufacturing Industry Services report for the U.K. evaluates the capabilities of 82 providers across five quadrants: Smart Manufacturing Services – Automotive, Smart Manufacturing Services – Hi-Tech, Production Automation Solutions, Manufacturing Virtualization Solutions and OT Security Solutions.

The report names AVEVA, Capgemini (Altran), Dassault Systèmes, HCL, Infosys, Siemens, TCS, Tech Mahindra and Wipro as leaders in two quadrants. It names ABB, Alten, Ansys, Attivo Networks, AVL, Bertrandt, Claroty, eInfochips, GE Digital, Honeywell, IBM, Indegy (Tenable), Kaspersky, Nozomi Networks, PTC, Rockwell Automation and SAP as leaders in one quadrant each.

In addition, Cognizant, iBASEt, Lighthouse Systems, LTTS, SAP and SCADAfence are named as Rising Stars—companies with a “promising portfolio” and “high future potential” by ISG’s definition—in one quadrant each.

A customized version of the report is available from eInfochips.

The 2020 ISG Provider Lens™ Manufacturing Industry Services report for the U.K.is available to subscribers or for one-time purchase on this webpage.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Germany, Switzerland, the U.K., France, the Nordics, Brazil and Australia/New Zealand, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210209005236/en/

Will Thoretz, ISG

+1 203 517 3119

[email protected]

Kate Hartley, Carrot Communications for ISG

+44 (0)20 3457 6403

[email protected]

KEYWORDS: United Kingdom Europe

INDUSTRY KEYWORDS: Manufacturing Other Manufacturing Other Technology Technology Engineering

MEDIA:

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Posted on February 9, 2021 4:45 am
OneSmart to Report First Quarter Fiscal Year 2021 Financial Results on February 23, 2021

PR Newswire

SHANGHAI, Feb. 9, 2021 /PRNewswire/ — OneSmart International Education Group Limited (NYSE: ONE) (“OneSmart” or the “Company”), the leading premium K-12 education company in China, today announced that it will report its financial results for the first quarter of fiscal year 2021 ended November 30, 2020 before U.S. markets open on Tuesday, February 23, 2021.

OneSmart’s management will hold an earnings conference call at 7:00 AM on Tuesday, February 23, 2021, U.S. Eastern Time (8:00 PM on the same day Beijing/Hong Kong Time).

Dial-in numbers for the live conference call are as follows:

International

1-412-902-4272

Mainland China

4001-201-203

US

1-888-346-8982

Hong Kong

800-905-945

Passcode

OneSmart

A telephone replay of the call will be available after the conclusion of the conference call through March 2, 2021.

Dial-in numbers for the replay are as follows:

International Dial-in

1-412-317-0088

U.S. Toll Free

1-877-344-7529

Passcode

10152317

Additionally, a live and archived webcast of this conference call will be available at http://ir.onesmart.org.

About OneSmart

Founded in 2008 and headquartered in Shanghai, OneSmart International Education Group Limited is a leading premium K-12 education company in China. Our vision is to be the most trusted and heartful high-tech education company and our mission is POWER LEARNING changes the future with technology advancement. Our company culture is centered on the core values of customer focus, excellence, integrity, and technology and innovation.

The Company has built a comprehensive premium K-12 education platform that encompasses OneSmart VIP business, HappyMath, and FasTrack English, and OneSmart Online. As of August 31, 2020, OneSmart operates a nationwide network of 480 learning centers in China.

For more information on OneSmart, please visit http://ir.onesmart.org.

For more information, please contact:

OneSmart
Ms. Ida Yu
Phone: +86-21-2250-5891
E-mail: [email protected]

ICA (Institutional Capital Advisory)
Mr. Kevin Yang
Phone: +86-021-8028-6033
E-mail: [email protected]

View original content:http://www.prnewswire.com/news-releases/onesmart-to-report-first-quarter-fiscal-year-2021-financial-results-on-february-23-2021-301224655.html

SOURCE OneSmart International Education Group Limited

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