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Eutelsat’s Konnect Ramps up Retail Distribution of New Capacity Brought by EUTELSAT KONNECT Satellite

Eutelsat’s Konnect Ramps up Retail Distribution of New Capacity Brought by EUTELSAT KONNECT Satellite

  • Compelling packages offering super-fast speeds at affordable prices
  • Re-defining connectivity expectations for people living and working beyond the fiber footprint

PARIS–(BUSINESS WIRE)–
Regulatory News:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201123005719/en/

Konnect Europe sample packages (Photo: Business Wire)

Konnect Europe sample packages (Photo: Business Wire)

Leveraging the availability of the EUTELSAT KONNECT satellite, Eutelsat Communications’ (Paris:ETL) (Euronext Paris: ETL) new direct arm, konnect, has kick-started the retail distribution of next-generation satellite Broadband across Europe and Africa. The service is currently being rolled out across both continents, with broadband packages designed to address the needs of individuals, small businesses and institutions currently operating beyond the fiber footprint.

The recent acquisition of BigBlu, Europe’s leading distributor of satellite broadband, has added significant firepower to konnect’s retail capabilities. With regulatory approvals to operate across both continents secured, konnect has launched a multi-channel retail strategy encompassing online distribution and telesales in Europe and a multiple channel partners and retail stores in Africa. In complement to the recent wholesale agreements with Orange for the entire capacity in France and TIM for capacity covering Italy, initial retail distribution will be focused on the UK, Ireland, Germany, Spain and Portugal in Europe and Côte d’Ivoire and Democratic Republic of Congo in Africa, ramping up progressively to cover the 15 European and 39 African markets in EUTELSAT KONNECT’s footprint.

As it accelerates its operation, konnect is rapidly re-defining connectivity expectations for people who live and work beyond the fiber footprint, offering them an immediately available service with packages offering:

  • Superfast speeds of up to 100 Mbps from launch; ensuring those situated beyond the scope of traditional networks can enjoy fiber-like speeds;
  • Unlimited data plans addressing needs ranging from individuals, households, small businesses, schools and other institutions
  • A range of competitively priced, affordable price points starting at €25/month in Europe and $15/month in Africa;
  • Low set-up costs with free installation and all equipment included in the monthly fee for the majority of the European footprint; in Africa, the kit will be priced at a maximum of $99, compatible with the high-growth pre-paid market;

Commenting on the campaign, Eutelsat Deputy CEO Michel Azibert said: “We are delighted to see konnect ramping up its marketing efforts in the wake of the availability of the significant new in-orbit assets brought by EUTELSAT KONNECT. ‘konnect’ is the name of our satellite and our brand, articulating in a single word, an exciting new direction for the Eutelsat Group. At a time when the demand for reliable, affordable high-speed broadband has never been higher, konnect offers an immediately accessible solution for individuals, businesses and institutions living beyond the reach of terrestrial infrastructure.”

About Eutelsat Communications

Founded in 1977, Eutelsat Communications is one of the world’s leading satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Over 6,600 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Headquartered in Paris, with offices and teleports around the globe, Eutelsat assembles 1,000 men and women from 46 countries who are dedicated to delivering the highest quality of service.

For more about Eutelsat go to www.eutelsat.com | Follow us on Twitter @Eutelsat_SA

Appendix: indicative pricing grid – Konnect Europe sample packages

*On the Easy Starter, Zen, Max service plan, after 20GB, 60GB and 120GB of data usage, the data might be prioritized behind other customers during network congestion. The data traffic is not accounted during the night (from 1 to 6 am – local time).

Media

Joanna Darlington

Tel.: +33 1 53 98 31 07

[email protected]

Marie Sophie Ecuer

Tel.: +33 1 53 98 32 45

[email protected]

Jessica Whyte

Tel.: +33 1 53 98 46 21

[email protected]

Investors

Joanna Darlington

Tel.: +33 1 53 98 31 07

[email protected]

Cédric Pugni

Tel.: +33 1 53 98 31 54

[email protected]

Alexandre Illouz

Tel.: +33 1 53 98 46 81

[email protected]

KEYWORDS: France Europe

INDUSTRY KEYWORDS: Technology Satellite Other Technology Telecommunications Networks Internet

MEDIA:

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Konnect Europe sample packages (Photo: Business Wire)
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Konnect Africa sample packages (example for Ivory Coast) (Photo: Business Wire)
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Huami Corporation Reports Third Quarter 2020 Unaudited Financial Results

PR Newswire

BEIJING, Nov. 23, 2020 /PRNewswire/ — Huami Corporation (NYSE: HMI) today reported revenue of RMB2.2 billion, or US$329.2 million; GAAP diluted net income per share of RMB0.31(US$0.05), or GAAP diluted net income per ADS of RMB1.24 (US$0.18) for the third quarter ended September 30, 2020.

“Third quarter unit and revenue growth of 16% and 20%, respectively, was predominantly driven by shipments of the Xiaomi Mi Band 5, continued geographic expansion, and the effect of improved economic conditions in many regions,” said Wang Huang, Chairman and CEO of Huami. “We are continuing our strategy as a value leader, leveraging our proprietary technology to drive feature set/price points that are attractive to many budget ranges, and we launched a number of promising new products in the third quarter. At the same time we are continuing to explore the healthcare services business with our partners like Prudential Asia, in order to capture the opportunities in the fast-growing healthcare service industry.”

“We continue to manage the business for long-term success,” added chief financial officer Leon Deng. “However, we experienced some new products launch plan delays and production delays due to the pandemic, and resurgence of the virus in many key markets tempers our near-term outlook. As a result, we will be exercising control on expenses in the coming quarter by focusing on projects with higher return on investment.”


Third Quarter 2020 Financial Summary


For the Three Months Ended


For the Nine Months Ended

GAAP in millions, except percentages and per share
amounts


Sept. 30, 2020


Sept. 30, 2019[1]


Sept. 30, 2020


Sept. 30, 2019[1]

Revenue RMB

2,235.1

1,862.5

4,460.8

3,700.8

Revenue USD

329.2

260.6

657.0

517.8

Gross Margin

20.6%

25.2%

21.5%

26.1%

Net income attributable to Huami
Corporation RMB

81.1

203.3

113.5

368.0

Adjusted net income attributable to Huami
Corporation RMB[2]

120.8

209.8

165.5

416.6

Diluted net income per share RMB

0.31

0.79

0.44

1.43

Diluted net income per ADS USD

0.18

0.44

0.26

0.80

Adjusted diluted net income per share RMB[3]

0.46

0.81

0.64

1.62

Adjusted diluted net income per ADS USD

0.27

0.45

0.38

0.91

Units Shipped

15.9

13.7

32.4

27.6

 


[1] The USD numbers in 2019 are referenced with the prior 6-K disclosures.


[2] Adjusted net income attributable to Huami Corporation is a non-GAAP measure, which excludes share-based compensation expenses. See “Reconciliation of GAAP and Non-GAAP Results” at the end of this press release.


[3] Adjusted diluted net income is the abbreviation of Adjusted net income attributable to ordinary shareholders of Huami Corporation, which is a non-GAAP measure and excludes share-based compensation expenses attributable to ordinary shareholders of Huami Corporation, and is used as the numerator in computation of adjusted basic and diluted net income per ADS attributable to ordinary shareholders of Huami Corporation.

Management’s Discussion and Analysis

Revenue

Total units shipped in the third quarter 2020 increased 16.1% year-over-year, reaching 15.9 million, compared with 13.7 million in the third quarter of 2019. Third quarter revenues reached RMB2,235.1 million (US$329.2 million), an increase of 20% from the third quarter of 2019. The increase in the quarter was driven primarily by sales through Xiaomi, principally the new Mi Band 5. Sales of self-branded products in the third quarter were primarily driven by new products, including the new Amazfit watches and TWS earbuds. Both sequential and year-over-year quarterly revenue changes can be affected by seasonality of purchase patterns globally, as well as by timing of new product introductions.

Covid-19 Impact

The negative impact of Covid-19 receded in Q3 on retail sales and the worldwide economy generally. China’s GDP rose 5% in the third quarter, some sectors of European retail were stronger, and U.S. retail sales increased 5% in September. We believe this was a contributing factor to Huami’s growth in the third quarter, and we experienced a significant rebound and growth of device activations in most of the markets during the quarter, compared sequentially to the June quarter.

Production delays related to the pandemic in the quarter delayed the launch date of a new product and affected new product inventory availability.

Currently, it is reported that a new resurgence of COVID-19 cases is widely around the world, including the U.S., many European countries, Russia, and Japan. Renewed restrictions are being implemented and considered. We expect this resurgence to negatively impact our customers and fourth quarter sales of our key product categories.

Longer-term, smart health technology plays a unique and important role in healthcare, as outlined in a recent white paper published by the company. Industry forecasts and research into consumer adoption and use of wearables and personal health technology still point to strong future demand. However, the company expects the near-term disruptions to daily life on a global scale will impact the fourth quarter, and are setting its expectations accordingly.

Gross Margin

Gross margin in the third quarter 2020 was 20.6%, compared with 25.2% in the year-ago third quarter. Gross margin and gross profit are affected by product mix as different products have different margin contributions, and these can change over the life of a product. In the third quarter 2020, mix between total Xiaomi and self-branded unit shipments was the same as the prior year’s quarter, but gross margin was predominantly driven by lower margins on Xiaomi products compared to the year-ago quarter.

Research & Development

Third quarter 2020 R&D expense was RMB172.9 million, increasing 38.8% year-over year, and comprised 7.7% of revenue, compared to 6.7% of revenue in the year-ago third quarter, reflecting personnel additions and expansion of R&D activities for future products and new product categories, including consumer products and analytics solutions for industry. The company believes that smart R&D investment is key, and that at this percent of sales level is adequately resourced to effectively develop and bring to market new smart devices and analytics for consumers and industry.

Sales & Marketing

Sales and Marketing expense for the third quarter 2020 was RMB115.6 million, increasing 104.2% year-over-year, and comprised 5.2% of revenue, compared to 3.0% of revenue in the year-ago quarter. Higher sales and marketing expense in 2020 was mainly driven by brand promotions for our own branded products globally.  

General & Administrative

General and Administrative expense was RMB91.0 million, increasing 30.8% year-over-year, and comprised 4.1% of revenue, compared to 3.7% in the 2019 third quarter. The increase is primarily due to an increase in share-based compensation.

Operating Income and Expenses

Total Operating Expense for the third quarter 2020 was RMB379.5 million, up 51.3% from the year-ago quarter, reflecting the investments in R&D, Sales and Marketing and G&A described in the preceding sections. Total operating expense represented 17.0% of revenue in the third quarter 2020 compared to 13.5% in the year-ago quarter. The company will be exercising control on expenses in the fourth quarter, focusing on costs as a percent of sales.

Operating Income for the third quarter 2020 was RMB80.6 million, down 63.2% from RMB219.1 million in the year-ago quarter.

Liquidity and Capital Resources

At September 30, 2020, the Company had cash and cash equivalents of RMB2,555.6 million (US$376.4 million), compared with RMB1,803.1 million as of December 31, 2019.

Outlook

For the fourth quarter of 2020, the management of the Company currently expects:

–  Net revenues to be between RMB1.95 billion and RMB2.15 billion, compared with RMB2.11 billion in the fourth quarter of 2019.

The above outlook is based on the current market conditions and reflects the Company management’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.

Conference Call

The Company’s management will hold a conference call at 7:30 a.m. Eastern Standard Time on Monday, November 23, 2020 (8:30 p.m. Beijing Time on November 23, 2020) to discuss financial results and answer questions from investors and analysts. Listeners may access the call by dialing:

US (Toll Free):

+1-888-346-8982

International:

+1-412-902-4272

Mainland China (Toll Free):

400-120-1203

Hong Kong (Toll Free):

800-905-945

Hong Kong:

+852-3018-4992

Participants should dial-in at least 10 minutes before the scheduled start time and ask to be connected to the call for “Huami Corporation.”

Additionally, a live and archived webcast of the conference call will be available at http://www.huami.com/investor.

A telephone replay will be available one hour after the call until November 30, 2020 by dialing:

US Toll Free:

+1-877-344-7529

International:

+1-412-317-0088

Replay Passcode:

10149826

About Huami Corporation

Huami’s mission is to connect health with technology. Since its inception in 2013, Huami has developed a platform of proprietary technology including AI chips, biometric sensors, and data algorithms, which drive a broadening line of smart health products for consumers, and analytics services for industry. In 2019, Huami shipped 42.3 million units of smart watches and fitness bands, including its own Amazfit brand, and products developed and manufactured for Xiaomi, comprising 26% of global category shipments[4]. Huami Corporation is based in Hefei, China, with U.S. operations, Huami-USA, based in Cupertino, Calif. For more information, please visit  https://www.huami.com/investor/pages/company-profile.


[4]
IDC, Correcting and Replacing Shipments of Wearable Devices, 3/10/20

Use of Non-GAAP Measures

We use adjusted net income, a non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. Adjusted net income represents net income excluding share-based compensation expenses, and such adjustment has no impact on income tax. Adjusted net income attributable to ordinary shareholders of Huami Corporation is a non-GAAP measure, which excludes share-based compensation expenses attributable to ordinary shareholders of Huami Corporation, and is used as the numerator in computation of adjusted net income per share attributable to ordinary shareholders of Huami Corporation.

We believe that adjusted net income and adjusted net income attributable to ordinary shareholders help identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that we include in net income and net income attributable to ordinary shareholders. We believe that adjusted net income and adjusted net income attributable to ordinary shareholders provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Adjusted net income and adjusted net income attributable to ordinary shareholders, should not be considered in isolation or construed as an alternative to net income, basic and diluted net income per share attributable to ordinary shareholders of Huami Corporation or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted net income and adjusted net income attributable to ordinary shareholders, presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to our data. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

Exchange Rate

The Company’s business is primarily conducted in China and the significant majority of revenues generated are denominated in Renminbi (“RMB”). This announcement contains currency conversions of RMB amounts into U.S. dollars (“US$”) solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB6.7896 to US$1.00, the effective noon buying rate for September 30, 2020 as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on September 30, 2020, or at any other rate.

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. Statements that are not historical facts, including statements about the Company’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: the cooperation with Xiaomi, the recognition of the Company’s self-branded products; the Company’s growth strategies; trends and competition in global wearable technology market; changes in the Company’s revenues and certain cost or expense accounting policies; governmental policies relating to the Company’s industry and general economic conditions in China and the global. Further information regarding these and other risks is included in the Company’s filings with the United States Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
Huami Corporation
Grace Yujia Zhang
E-mail: [email protected]  

The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
E-mail: [email protected]  

In the United States:
Huami Corporation
Brad Samson
Tel: 1+714-955-3951
E-mail: [email protected]  

 

 


HUAMI CORPORATION


UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS


(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)


except for number of shares and per share data, or otherwise noted)


As of December 31,


As of September 30,


2019


2020


RMB


RMB


US$


Assets


Current assets:

Cash and cash equivalents

1,803,117

2,555,561

376,393

Restricted cash

874

2,404

354

Term deposit

–

200,000

29,457

Accounts receivable

188,940

157,983

23,268

Amounts due from related parties, current

1,421,170

1,312,677

193,336

Inventories

893,806

1,100,458

162,080

Short-term investments

17,187

18,118

2,668

Prepaid expenses and other current assets

67,358

101,982

15,020


Total current assets

4,392,452

5,449,183

802,576

Property, plant and equipment, net

64,350

106,771

15,726

Intangible asset, net

85,753

158,334

23,320

Goodwill

5,930

70,980

10,454

Long-term investments

406,099

336,759

49,599

Deferred tax assets

102,649

128,794

18,969

Other non-current assets

8,828

15,405

2,269

Non-current operating lease right-of-use assets

108,682

168,266

24,783


Total assets

5,174,743

6,434,492

947,696

 

 


HUAMI CORPORATION


UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS


(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)


except for number of shares and per share data, or otherwise noted)


As of December 31, 


As of September 30,


2019


2020


RMB


RMB


US$


Liabilities


Current liabilities:

Accounts payable

1,999,951

2,215,864

326,361

Advance from customers

44,793

41,865

6,166

Amount due to related parties, current

14,769

7,565

1,114

Accrued expenses and other current liabilities

352,249

291,108

42,875

Income tax payables

67,854

34,052

5,015

Notes payable

2,184

–

–

Bank borrowings

–

814,207

119,920


Total current liabilities

2,481,800

3,404,661

501,451

Deferred tax liabilities

5,399

21,646

3,188

Long-term borrowing

–

60,000

8,837

Other non-current liabilities

113,596

172,254

25,370

Non-current operating lease liabilities

76,360

125,020

18,413


Total liabilities

2,677,155

3,783,581

557,259

 

 


HUAMI CORPORATION


UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS


(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)


except for number of shares and per share data, or otherwise noted)


As of December 31,


As of September 30,


2019


2020


RMB


RMB


US$


Equity

Ordinary shares

155

156

23

Additional paid-in capital

1,478,902

1,533,475

225,856

Accumulated retained earnings

910,612

1,024,161

150,843

Accumulated other comprehensive income

111,081

95,274

14,032


Total Huami Corporation shareholders’ equity

2,500,750

2,653,066

390,754

Non-controlling interests

(3,162)

(2,155)

(317)


Total equity

2,497,588

2,650,911

390,437


Total liabilities and equity

5,174,743

6,434,492

947,696

 

 


HUAMI CORPORATION


UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)


except for number of shares and per share data, or otherwise noted)


For the Three Months Ended September 30,


2019


2020


RMB


RMB


US$

Revenues

1,862,531

2,235,093

329,194

Cost of revenues

1,392,670

1,775,017

261,432


Gross profit


469,861


460,076


67,762


Operating expenses:

Selling and marketing

56,631

115,617

17,029

General and administrative

69,578

90,987

13,401

Research and development

124,538

172,891

25,464


Total operating expenses


250,747


379,495


55,894


Operating income


219,114


80,581


11,868


Other income and expenses:

Interest income

10,911

10,330

1,521

Other expenses, net

(1,971)

(5,754)

(847)

Gain from fair value change of long-term investment

–

3,304

487


Income before income tax


228,054


88,461


13,029

Income tax expenses

(27,518)

(8,437)

(1,243)


Income before loss from equity method investments


200,536


80,024


11,786


Net income from equity method investments

2,878

2,472

364


Net income


203,414


82,496


12,150

Less: Net income attributable to non-controlling interest

77

1,422

209


Net income attributable to Huami Corporation


203,337


81,074


11,941


Net income attributable to ordinary shareholders of Huami
Corporation


203,337


81,074


11,941


Net income per share attributable to ordinary 


shareholders of Huami Corporation

Basic income per ordinary share

0.83

0.33

0.05

Diluted income per ordinary share

0.79

0.31

0.05


Net income per ADS (4 ordinary shares equal to 1 ADS)

ADS – basic

3.31


1.30

0.19

ADS – diluted

3.15

1.24

0.18


Weighted average number of shares used in computing net
income per share

Ordinary share – basic

245,934,981

248,748,630

248,748,630

Ordinary share – diluted

258,343,485

260,829,357

260,829,357

 

 


HUAMI CORPORATION


Reconciliation of GAAP and Non-GAAP Results


(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)


except for number of shares and per share data, or otherwise noted)


For the Three Months Ended September 30,


2019


2020


RMB


RMB


US$


Net income attributable to Huami Corporation


203,337


81,074


11,941

Share-based compensation expenses

6,491

39,723

5,851


Adjusted net income attributable to Huami 
Corporation


209,828


120,797


17,792


For the Three Months Ended September 30,


2019


2020


RMB


RMB


US$


Net income attributable to ordinary shareholders
of Huami Corporation


203,337


81,074


11,941

Share-based compensation expenses attributable to
ordinary shareholders of Huami Corporation

6,491

39,723

5,851


Adjusted net income attributable to ordinary 
shareholders of Huami Corporation[2]


209,828


120,797


17,792


Adjusted net income per share attributable to 
ordinary shareholders of Huami Corporation

Adjusted basic income per ordinary share

0.85

0.49

0.07

Adjusted diluted income per ordinary share

0.81

0.46

0.07


Adjusted net income per ADS (4 ordinary shares equal
to 1 ADS)

ADS – basic

3.41

1.94

0.29

ADS – diluted

3.25

1.85

0.27


Weighted average number of shares used in 
computing net income per share

Ordinary share – basic

245,934,981

248,748,630

248,748,630

Ordinary share – diluted

258,343,485

260,829,357

260,829,357


Share-based compensation expenses included 
are follows:

Cost of revenues

8

–

–

Selling and marketing

647

556

82

General and administrative

4,130

21,033

3,098

Research and development

1,706

18,134

2,671


Total


6,491


39,723


5,851

 

 


HUAMI CORPORATION


UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)


except for number of shares and per share data, or otherwise noted)


For the Nine Months Ended September 30,


2019


2020


RMB


RMB


US$

Revenues

3,700,842

4,460,828

657,009

Cost of revenues

2,736,224

3,502,809

515,908


Gross profit


964,618


958,019


141,101


Operating expenses:

Selling and marketing

119,219

241,802

35,614

General and administrative

165,900

197,293

29,058

Research and development

290,669

408,434

60,156


Total operating expenses


575,788


847,529


124,828


Operating income


388,830


110,490


16,273


Other income and expenses:

Interest income

23,204

31,668

4,664

Other income (expenses), net

2,842

(13,772)

(2,028)

Gain from fair value change of long-term investment

–

4,597

677


Income before income tax


414,876


132,983


19,586

Income tax expenses

(50,552)

(12,956)

(1,908)


Income before loss from equity method investments


364,324


120,027


17,678

Net income (loss) from equity method investments

2,647

(5,471)

(806)


Net income


366,971


114,556


16,872

Less: Net income (loss) attributable to non-controlling interest

(1,014)

1,007

148


Net income attributable to Huami Corporation


367,985


113,549


16,724

Less: Undistributed earnings allocated to participating nonvested restricted shares

2,102

–

–


Net income attributable to ordinary shareholders of Huami Corporation


365,883


113,549


16,724


Net income per share attributable to ordinary 
shareholders of Huami Corporation

Basic income per ordinary share

1.51

0.46

0.07

Diluted income per ordinary share

1.43

0.44

0.06


Net income per ADS (4 ordinary shares equal to 1 ADS)

ADS – basic

6.03

1.83

0.27

ADS – diluted

5.73

1.75

0.26


Weighted average number of shares used in computing net income per share

Ordinary share – basic

242,542,392

248,080,549

248,080,549

Ordinary share – diluted

255,322,189

259,723,569

259,723,569

 

 


HUAMI CORPORATION


Reconciliation of GAAP and Non-GAAP Results


(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)


except for number of shares and per share data, or otherwise noted)


For the Nine Months Ended September 30,


2019


2020


RMB


RMB


US$


Net income attributable to Huami Corporation


367,985


113,549


16,724

Share-based compensation expenses

48,579

51,936

7,649


Adjusted net income attributable to Huami 
Corporation


416,564


165,485


24,373


For the Nine Months Ended September 30,


2019


2020


RMB


RMB


US$


Net income attributable to ordinary shareholders
of Huami Corporation


365,883


113,549


16,724

Share-based compensation expenses attributable

to ordinary shareholders of Huami Corporation

48,301

51,936

7,649


Adjusted net income attributable to ordinary 
shareholders of Huami Corporation[2]


414,184


165,485


24,373


Adjusted net income per share attributable to 
ordinary shareholders of Huami Corporation

Adjusted basic income per ordinary share

1.71

0.67

0.10

Adjusted diluted income per ordinary share

1.62

0.64

0.09


Adjusted net income per ADS (4 ordinary shares equal
to 1 ADS)

ADS – basic

6.83

2.67

0.39

ADS – diluted

6.49

2.55

0.38


Weighted average number of shares used in 
computing net income per share

Ordinary share – basic

242,542,392

248,080,549

248,080,549

Ordinary share – diluted

255,322,189

259,723,569

259,723,569


Share-based compensation expenses included 
are follows:

Cost of revenues

47

(54)

(8)

Selling and marketing

2,557

1,820

268

General and administrative

36,539

28,963

4,266

Research and development

9,436

21,207

3,123


Total


48,579


51,936


7,649

 

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SOURCE Huami Corporation

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Dubai International Sports Conference and Dubai Globe Soccer Awards Celebrate Football’s Biggest Stars Next Month

In
partnership with Dubai Sports Cou
n
cil,
nominees include
Cristiano Ronaldo, Lionel Messi
,
Robert Lewandowski
and Mohamed Sal
a
h

DUBAI, UAE, Nov. 23, 2020 (GLOBE NEWSWIRE) — The Dubai Sports Council and Globe Soccer Awards further strengthen their 12-year relationship by staging the annual edition of the Dubai International Sports Conference, complemented with a special edition of Dubai Globe Soccer Awards at Armani Hotel, situated at the foot of the world’s tallest building, on the 27 December 2020.

The Dubai International Sports Conference, which hosted over 200 speakers since its first edition, will once again welcome some of the football’s most prominent international players; while the Globe Soccer Awards, which recognised more than 100 winners who have shown outstanding performances in the game, will present new categories this year.

In light of the global impact of Covid-19, this year’s Dubai Globe Soccer Awards will be a special edition, highlighting 2020’s top talent alongside legendary players, clubs and agents from the past 20 years. For the first time, four of the awards will consider the seasons contested by the nominees between 2001 and 2020 in a unique series that celebrates the Best of the Century.

Juventus FC player Cristiano Ronaldo is nominated for both Player of the Century and Player of the Year 2020 alongside FC Barcelona’s Lionel Messi. After an impressive season winning the UEFA Champions League with Bayern Munich, Robert Lewandowski is shortlisted for Player of the Year 2020 along with local soccer star, Egypt’s Mohamed Salah, who won the Premier League with Liverpool.

The Dubai Globe Soccer Awards will be broadcast live via satellite and live streaming all over the world.

The eight categories in contention this year are as follows:

  • Player of the Century 2001-2020
  • Coach of the Century 2001-2020
  • Club of the Century 2001-2020
  • Agent of the Century 2001-2020
  • Player of the Year 2020
  • Club of the Year 2020
  • Coach of the Year 2020
  • Player Career Award

Tommaso Bendoni, CEO of Dubai Globe Soccer has announced, “This special edition is dedicated to all the protagonists in football who exposed themselves to the risk of the virus, gave up their vacations and rest in order to play every three days, travelled all around the world in order to offer millions of people a few moments of distraction.”
“Dubai could not miss this event in the most difficult and complicated season. The 2020 edition is our way to show our appreciation and celebrate everyone in football who remained at the frontline and have done extraordinary job. This is also our way to celebrate the new year 2021, which will give us hope – thanks to the vaccine that will be available soon!”

“All of these will not be possible without the support of our partners. We thank the sensibility and love that the UAE and the Dubai Sports Council have demonstrated to this sport. Our collaboration will continue in light of the EXPO in 2021 where the Globe Soccer Awards will have the greatest celebration ever.”

“For the first time we will allow fans from all over the world to be involved and choose their favourite players. We will also award the best of the best in the football industry for the last 20 years.”

Nominees and eventual winners will be chosen by the fans and the Globe Soccer Jury, a panel of leading industry experts.

In an unprecedented step for the Awards, the first shortlist will be entirely decided by the fans. The public can vote through vote.globesoccer.com from today for their favourite nominee in each category, with the finalists being announced in early December. Voting will take place on Globe Soccer’s website, on the new event title sponsor TikTok, as well as via our media partners platform such as Kooora in the Arab region. More information about this will be shared via our social media channels in the coming days.

The first 20 years of the 21st century have seen incredible development and amazing drama on the international stage of football. This year Globe Soccer made the decision to showcase many of the personalities and organisations that have been part of this remarkable achievement.

Shortlisted in the category of Player of the Century 2001-2020 are an extraordinary array of over 25 international names including British legend David Beckham, Lionel Messi, Neymar, Cristiano Ronaldo and Mohamed Salah. The equally illustrious names of Didier Deschamps, Alex Ferguson and Josep Guardiola, all stalwarts of the game, stand out in the competition for Coach of the Century 2001-2020. Joining them in this stellar group is one of the most outstanding managers of all time, José Mourinho, who is in good company with other giants of the game such as Carlo Ancelotti and current manager of Real Madrid, Zinedine Zidane.

Among the nominees for the Club of the Century 2001-2020 are famed contenders such as Barcelona, Manchester United and Real Madrid, while the Agent of the Century 2001-2020 is also a highly competitive category with the possibility of Jorge Mendes winning for the 10th time.

In this most unusual year, sport, and in particular football, has played a big role in keeping people’s spirits up. This is why Globe Soccer decided to not only name Best Player of the Year for 2020, but also to give accolades to Best Coach and Best Club.

Some of the sport’s most famous stars are up for the Player of the Year 2020 award again this year, including Robert Lewandowski, Cristiano Ronaldo, Lionel Messi and Karim Benzema. Meanwhile the Club of the Year 2020 award is once again up for grabs with six international clubs including Liverpool, Real Madrid and Paris Saint-Germain in the mix. And there is just as much eager anticipation for the naming of Coach of the Year 2020, which sees Jurgen Klopp looking to defend last year’s win. Klopp is already renowned for winning the UEFA Champions League, the UEFA Super Cup and the FIFA Club World Cup as manager of Liverpool.

The eight awards that will be presented during the ceremony on 27 December 2020:

Player of the Century
2001-2020 		Coach
of the Century
2001-2020
Andrea Pirlo
Andriy Shevchenko
Andrés Iniesta
Arjen Robben
Cristiano Ronaldo
David Beckham
Fabio Cannavaro
Francesco Totti
Frank Lampard
Gianluigi Buffon
Iker Casillas
Kaká
Kylian Mbappe
Lionel Messi
Luis Figo
Luka Modrić 
Manuel Neuer
Mohamed Salah
Neymar
Philipp Lahm
Robert Lewandowski
Ronaldinho
Ronaldo
Sergio Ramos
Steven Gerrard
Xavi
Zlatan Ibrahimović
Zinedine Zidane		 Alex Ferguson
Carlo Ancelotti
Didier Deschamps
Joachim Löw
José Mourinho
Josep Guardiola
Luiz Felipe Scolari
Marcello Lippi
Vicente Del Bosque
Zinedine Zidane
Club of the Century
2001-2020 		Agent of the Century
2001-2020
Al Ahly
Barcelona
Bayern Munich
Juventus
Liverpool
Manchester United
Paris S. Germain
Real Madrid

 Giovanni Branchini
Jonathan Barnett
Jorge Mendes
Mino Raiola
Pini Zahavi
Player
of the Year
2020 		Club
of the Year
2020
Ciro Immobile
Cristiano Ronaldo
Karim Benzema
Lionel Messi
Marquinhos
Robert Lewandowski
Sadio Mané 

Serge Gnabry

 Bayern Munich
Juventus
Liverpool
Paris Saint-Germain
Real Madrid
Sevilla FC
Coach
of the Year
2020 		Player Career Award
Gian Piero Gasperini
Hans Dieter Flick
Julen Lopetegui
Jürgen Klopp
Thomas Tuchel		 To be announced

-ENDS-


Notes to Editors

About the Dubai Globe Soccer Awards

The annual Dubai Globe Soccer Awards were established in 2010 with the aim of recognising not just the best players and coaches, but also the people who work behind the scenes who had not previously been acknowledged. The great success of the event over the years has seen further categories added to the awards list, and the event now honours all the best in football. www.globesoccer.com  

Full Press Kit can be viewed/downloaded here:

https://www.dropbox.com/sh/eyvit9j9x9w7m2f/AABZ418inHGhps3K-C3J_EGqa?dl=0

For more information, please do not hesitate to contact:

Twister Communications Middle East

Sheila Tobias or Mai Touma
[email protected] or [email protected]e
Office: +9714 432 1195
Mobile: +971 55 872 3009 or +971557684150

Photos accompanying this announcement are available at :

https://www.globenewswire.com/NewsRoom/AttachmentNg/66f952ac-719e-44f9-a07f-9f5d4b482b0a



https://www.globenewswire.com/NewsRoom/AttachmentNg/02d61c26-31e4-4961-b608-dee17ca6c6ff



https://www.globenewswire.com/NewsRoom/AttachmentNg/18c849d3-a8a9-49f9-b11a-4d3742189b65



https://www.globenewswire.com/NewsRoom/AttachmentNg/ec96076a-aadc-4578-936b-74d9041426e6



https://www.globenewswire.com/NewsRoom/AttachmentNg/1a4c4505-0d09-4e46-af32-29e99c8caae6



https://www.globenewswire.com/NewsRoom/AttachmentNg/4ed09f45-1bb0-4315-838e-7d0dec7de4f1



https://www.globenewswire.com/NewsRoom/AttachmentNg/888ecc84-373b-4238-ade2-650a91323993



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Jacobs Launches Cloud-based Platform to Improve Asset Management of Airfields

PR Newswire

DALLAS, Nov. 23, 2020 /PRNewswire/ — Jacobs (NYSE:J) has developed a new proprietary cloud-based platform that enables effective asset management of airfields. After a successful trial period with airports around the world, https://pavy.io/Pavy is being launched to reinvent the way airports manage airfield pavements.

Airfield pavements are complex and extensive, and understanding how they perform is key to planning investment. Now more than ever, with the need to adapt to COVID-19 impacts, airport operators are looking for smarter ways to make strategic, cost-efficient decisions about their most important airfield assets. Built on the insight and experience of a network of aviation and asset management professionals at Jacobs, Pavy is a customizable platform that puts the airport in control, enabling strategic, data-led decisions about airfield investment.

The asset management principles behind Pavy were originally conceived when Heathrow Airport, one of the world’s busiest airports, commissioned a team of Jacobs specialists to create a solution to manage its 4 million square meters of airfield pavement.

“We work every day to tackle our clients’ toughest challenges, and airfield asset management is a recurring issue in the aviation industry; even more so now, as operators look for more agile ways to manage their operations effectively in response to COVID-19,” said Jacobs People & Places Solutions Senior Vice President Europe and Digital Strategies Donald Morrison. “With Pavy, our new cloud-based platform, airports around the globe can better plan pavement investments and prioritize critical interventions.”

“The Pavy Solution developed by Jacobs, was born from the Asset Management principles conceived by Heathrow Airport Limited,” said Heathrow Airport Senior Engineer Louise Batts. “Jacobs has embraced these principles to create a clear visual platform, utilizing some of the functionality from Heathrow’s Decision Support Tool and making it applicable to all airports, whatever their size.”

Batts continued: “Pavy, along with Jacobs’ consultation support, aims to provide optimized CapEx spend profiles, client decision support and contribute in future airfield pavement planning. Immediate feedback and basic scenario forecasting combined with visual plans, gives Pavy an opportunity to change the field of Airfield Pavement Asset Management. The work Jacobs has done here, and the future of Pavy is really exciting.”

Pavy enables airports to harness the power of their data to build stronger business cases for additional funding requests. By showing where investment will be needed over 5-year periods, Pavy provides a strategic decision enabler by connecting engineering and finance teams to help balance costs, risk and performance. For more information about Pavy, watch the video or visit: https://pavy.io/ and follow us on LinkedIn.

At Jacobs, we’re challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $13 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company’s business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended September 27, 2019, and in particular the discussions contained under Item 1 – Business; Item 1A – Risk Factors; Item 3 – Legal Proceedings; and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended June 26, 2020, and in particular the discussions contained under Part I, Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 – Legal Proceedings; and Part II, Item 1A – Risk Factors, as well as the company’s other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
Kerrie Sparks
214.583.8433

 

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SOURCE Jacobs

Posted on

European Commission approves MenQuadfi®, the latest innovation in meningococcal (MenACWY) vaccination for individuals 12 months of age and older

European Commission approves MenQuadfi®, the latest innovation in meningococcal (MenACWY) vaccination for individuals 12 months of age and older

  • EC approval based on robust data from seven pivotal Phase 2 and 3 trials1,2,3,4,5,6,7 involving more than 6,300 individuals aged 12 months and older
  • First quadrivalent meningococcal conjugate vaccine available in Europe in a fully liquid presentation, avoiding the need for vaccine reconstitution
  • Meningococcal disease is a rare but highly unpredictable deadly bacterial infection, with more than 3,000 cases per year in Europe8

  

PARIS – November 23 – The European Commission (EC) has approved MenQuadfi® for active immunization of individuals from the age of 12 months and older against invasive meningococcal disease caused by Neisseria meningitidis serogroups A, C, W and Y.9

“Meningococcal meningitis can take one’s life in as little as one day and leave survivors with severe permanent disabilities.10,11 In Europe, there were more than 3,000 cases of Invasive Meningococcal Disease in 2018, half of them caused by serogroups C, W and Y,”

8
 says Thomas Triomphe, Head of Sanofi Pasteur. “One case is one too many. It is our ambition to make this vaccine available worldwide to further expand protection to as many people as possible. The European Commission’s approval of MenQuadfi takes us one step closer to achieving this goal.”

Efficacy and safety profiles for MenQuadfi confirmed in robust clinical program

The European Commission’s decision is based upon results from a robust and comprehensive international clinical program, including seven pivotal Phase 2 and 3 randomized, active-controlled, multi-center studies. The immunogenicity and safety of MenQuadfi were evaluated in over 6,300 healthy individuals aged 12 months and older, who received a single dose of MenQuadfi.1,2,3,4,5,6,7

MenQuadfi was compared with other licensed combination vaccines across all age groups. It demonstrated a good safety profile and induced a high immune response against all four serogroups (A, C, W and Y) consistently across all studies.1,2,3,4,5,6,7

“The introduction of a new vaccine against four of the major serogroups of meningococcal disease is very welcome news. The disease is unpredictable and remains the biggest cause of sepsis and septic shock in children across Europe today,12” says Professor Federico Martinón-Torres, Pediatrician and Clinical Researcher, Head of Pediatrics and Vaccine Research Unit at Hospital Clínico Universitario de Santiago in Spain. “Meningococcal disease is vaccine-preventable but, in spite of its threat, there is currently no common immunization schedule for it in Europe. The approval of MenQuadfi in Europe will contribute to our efforts to protect against, and help defeat, this truly devastating disease.”

In order to better address the global need for meningococcal disease prevention over the life course, Phase 3 studies are ongoing to investigate the vaccine in infants from 6 weeks of age.13,14,15,16,17,18

Invasive meningococcal disease remains a major public health challenge

Invasive meningococcal disease (IMD) epidemiology is highly unpredictable and varies widely across geographies and over time. In Europe, with the increase in incidence of IMD caused by hypervirulent serogroup W, several countries have introduced MenACWY conjugate vaccination into their routine vaccination schedules. However, considerable variation remains between European countries, leaving room for outbreaks in unprotected and vulnerable populations.19

In 2018, 3,233 individuals contracted invasive meningococcal disease in Europe, and approximately 1 in 10 did not survive. Of the total number of cases, 2,911 were reported to be serogroups B, C, W or Y, of which almost half (47%) were serogroup C, W or Y.8 Rates were highest in infants, followed by children under 5 years, with a second peak in those aged 15–24 years.8

About MenQuadfi

MenQuadfi benefits from Sanofi’s latest advancements in chemical design and delivers optimized stability while maintaining the vaccine in a convenient, fully liquid presentation. The vaccine can be administered as a single dose, supporting primary and booster vaccination to a wide age group, ranging from 12-month-old toddlers to children, adolescents, adults and the elderly. It can also be co-administered with multiple routine pediatric and adolescent vaccines.2,4

The safety of a single dose of MenQuadfi was evaluated in 6,308 individuals 12 months of age and older. The most frequently reported adverse reactions in toddlers 12–23 months of age were irritability and injection site tenderness. Those in vaccine recipients aged 2 years and above were myalgia and injection site pain. These adverse reactions were mostly mild or moderate in intensity. Immune non-inferiority was consistently demonstrated across all age groups for all four serogroups and versus all comparator vaccines.

Following EC approval, MenQuadfi is expected to be available in several European countries from 2021 to help protect individuals 12 months of age and older.

MenQuadfi is licensed by the Food and Drug Administration (FDA) in the United States for the prevention of Invasive Meningococcal Disease in individuals 2 years of age and older, and is currently under review by several health authorities across the world to help meet local immunization efforts.

  

 

About Sanofi

 

Sanofi is dedicated to supporting people through their health challenges. We are a global biopharmaceutical company focused on human health. We prevent illness with vaccines, provide innovative treatments to fight pain and ease suffering. We stand by the few who suffer from rare diseases and the millions with long-term chronic conditions.

 

With more than 100,000 people in 100 countries, Sanofi is transforming scientific innovation into healthcare solutions around the globe.

 

Sanofi, Empowering Life

 


Media Relations Contact

Nicolas Kressmann
Tel.: +1 (732) 532-5318
[email protected]

 

 

Investor Relations Contacts Paris
Eva Schaefer-Jansen
Arnaud Delepine
Yvonne Naughton

 

Investor Relations Contacts North America
Felix Lauscher
Fara Berkowitz
Suzanne Greco

 

IR main line:
Tel.: +33 (0)1 53 77 45 45
[email protected]

 

 


Sanofi Forward-Looking Statements


This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include projections and estimates regarding the marketing and other potential of the product, or regarding potential future revenues from the product. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans” and similar expressions. Although Sanofi’s management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Sanofi, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include among other things, unexpected regulatory actions or delays, or government regulation generally, that could affect the availability or commercial potential of the product, the fact that product may not be commercially successful, the uncertainties inherent in research and development, including future clinical data and analysis of existing clinical data relating to the product, including post marketing, unexpected safety, quality or manufacturing issues, competition in general, risks associated with intellectual property and any related future litigation and the ultimate outcome of such litigation, and volatile economic and market conditions, and the impact that COVID-19 will have on us, our customers, suppliers, vendors, and other business partners, and the financial condition of any one of them, as well as on our employees and on the global economy as a whole.  Any material effect of COVID-19 on any of the foregoing could also adversely impact us. This situation is changing rapidly and additional impacts may arise of which we are not currently aware and may exacerbate other previously identified risks. The risks and uncertainties also include the uncertainties discussed or identified in the public filings with the SEC and the AMF made by Sanofi, including those listed under “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in Sanofi’s annual report on Form 20-F for the year ended December 31, 2019. Other than as required by applicable law, Sanofi does not undertake any obligation to update or revise any forward-looking information or statements.

 

1 EU Clinical Trials Register. 2016-000749-30 (MET51) results summary. November 2018. Available at: https://www.clinicaltrialsregister.eu/ctr-search/trial/2016-000749-30/results [accessed September 2020].

2 EU Clinical Trials Register. 2018-001472-38 (MET57) results summary. August 2019. Available at: https://www.clinicaltrialsregister.eu/ctr-search/trial/2018-001472-38/results [accessed September 2020].

3 EU Clinical Trials Register. 2018-001471-20 (MET35) results summary. December 2018. Available at: https://www.clinicaltrialsregister.eu/ctr-search/trial/2018-001471-20/results [accessed September 2020].

4 EU Clinical Trials Register. 2016-001963-35 (MET50) results summary. January 2019. Available at: https://www.clinicaltrialsregister.eu/ctr-search/trial/2016-001963-35/results [accessed September 2020].

5 EU Clinical Trials Register. 2018-001468-48 (MET43) results summary. December 2018. Available at: https://www.clinicaltrialsregister.eu/ctr-search/trial/2018-001468-48/results [accessed September 2020].

6 Clinicaltrials.gov. NCT02842866 (MET49) results summary. February 2020. Available at: https://clinicaltrials.gov/ct2/show/results/NCT02842866 [accessed September 2020]

7 Clinicaltrials.gov. NCT02752906 (MET56) results summary. June 2020. Available at: https://clinicaltrials.gov/ct2/show/results/NCT02752906 [accessed September 2020].

8 European Centre for Disease Prevention and Control (ECDC). Surveillance Atlas of Infectious Diseases. Available at: https://www.ecdc.europa.eu/en/meningococcal-disease/surveillance-and-disease-data/atlas [accessed September 2020].

9 MenQuadfi Summary of Product Characteristics.

10 Beebeejaun, K et al. (2020). Invasive meningococcal disease: Timing and cause of death in England, 2008–2015. Journal of Infection. Available at: https://doi.org/10.1016/j.jinf.2019.12.008 [accessed September 2020].

11 European Centre for Disease Prevention and Control (ECDC). Factsheet about meningococcal disease. Available at: https://www.ecdc.europa.eu/en/meningococcal-disease/factsheet#:~:text=In%202016%2C%203%20280%20confirmed,Member%20States%20(Figure%201) [accessed September 2020].

12 Martinón-Torres, F et al. (2018). Life-threatening infections in children in Europe: a prospective cohort study. The Lancet Child & Adolescent Health 2(6):404–414.

13 Clinicaltrials.gov. NCT03632720 (MET52) results summary. August 2018. Available at: https://www.clinicaltrials.gov/ct2/show/NCT03632720?term=MET&cond=Meningococcal+Disease&lead=Sanofi+Pasteur&draw=2&rank=1 [accessed September 2020].

14 Clinicaltrials.gov. NCT03673462 (MET41) results summary. September 2018. Available at: https://clinicaltrials.gov/ct2/show/NCT03673462?term=MET41&draw=2&rank=1 [accessed September 2020].

15 Clinicaltrials.gov. NCT03691610 (MET61) results summary. October 2018. Available at: https://clinicaltrials.gov/ct2/show/NCT03691610 [accessed September 2020].

16 Clinicaltrials.gov. NCT03547271 (MET58) results summary. June 2018. Available at: https://www.clinicaltrials.gov/ct2/show/NCT03547271?term=MET&cond=Meningococcal+Disease&lead=Sanofi+Pasteur&draw=2 [accessed September 2020].

17 Clinicaltrials.gov. NCT03630705 (MET33) results summary. August 2018. Available at: https://www.clinicaltrials.gov/ct2/show/record/NCT03630705?term=MET&cond=Meningococcal+Disease&lead=Sanofi+Pasteur&draw=2&rank=4 [accessed September 2020].

18 Clinicaltrials.gov. NCT03537508 (MET42) results summary. May 2018. Available at: https://www.clinicaltrials.gov/ct2/show/record/NCT03537508?term=MET&cond=Meningococcal+Disease&lead=Sanofi+Pasteur&draw=2 [accessed September 2020].

19 Sanofi Pasteur (2020). Meningococcal Disease in Europe: A Rare but Devastating Disease.

 

 


 

 

Attachment



Posted on

InterDigital Announces Participation in AIMM Project to Improve 5G Performance through AI and Massive MIMO

New project consortium examines AI algorithms in the 5G RAN to improve Massive MIMO technology performance and drive ubiquitous access to 5G

WILMINGTON, Del., Nov. 23, 2020 (GLOBE NEWSWIRE) — 5G’s hallmark is the promise to provide ubiquitous connectivity to all consumers and devices. In pursuit of this goal, InterDigital, Inc. (NASDAQ: IDCC), a mobile and video technology research and development company, today announced its participation in AIMM, a research consortium dedicated to AI-Enabled Massive MIMO (AIMM) and pursuing meaningful performance improvements and eventual ubiquity of 5G.

As the AIMM project coordinator, InterDigital organizes a team of esteemed researchers from across industry and academia to explore new AI algorithms and clever uses of massive MIMO configurations to enhance 5G and beyond. Current members of the consortium include British Telecom, Vilicom, University of Bristol, Loughborough University, ThinkRF, Nokia Bell Labs Stuttgart, Universität Stuttgart, and IMST GmbH.

“The AIMM consortium is driving meaningful improvements in 5G, and InterDigital is honored to work alongside such esteemed partners to develop and leverage our industry’s most cutting-edge solutions to enhance the potential of a highly anticipated 5G,” said Alain Mourad, Director of Engineering R&D at InterDigital. “Our tireless work on comprehensive AI algorithms, coupled with the collaborative effort to enhance the RAN through massive MIMO, brings us a step closer to achieving the ubiquitous 5G we seek.”

AIMM consortium members have committed to proposing novel use cases, defining key performance indicators, and quantifying the business imperative for AI-embedded 5G and beyond. AIMM seeks to both optimize the radio interface and radio access network (RAN) by exploring novel antenna configurations and intelligent metasurfaces, building new AI-based algorithms to enhance 5G New Radio and RAN, and validating these enhancements in proof-of-concept experimental testbeds. The AIMM Project will conclude in September 2022.

To learn more about AIMM, please click here.

About InterDigital®

InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:

Roya Stephens
Email: [email protected]
+1 (202) 349-1714



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MSCI Appoints Head of Client Coverage for Germany, Austria, Switzerland

MSCI Appoints Head of Client Coverage for Germany, Austria, Switzerland

LONDON–(BUSINESS WIRE)–
MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that Nick Mihic has joined the business as Managing Director, Head of Germany, Austria and Switzerland Client Coverage.

Based in Zurich, Nick will lead MSCI’s commercial activities across Germany, Austria and Switzerland, managing the key client relationships and leading the client coverage team in the region.

Nick will work closely with and report into Axel Kilian, Head of Client Coverage, EMEA, to deliver a cohesive, solutions-driven approach for clients within the three countries and across the EMEA region. In his role, Nick will manage the sales pipeline, work closely with coverage and global product teams and support key global accounts.

Nick brings over twenty years of experience in the financial services industry, having spent the past decade running Equity Derivatives Sales Germany, Austria & Switzerland, as well as the overall Swiss Markets business for J.P. Morgan. Prior to this, he held roles at Lehman Brothers and Goldman Sachs. Nick has a Masters in Banking and Finance from the University of Zurich and graduated with an MBA from Columbia University and London Business School.

Commenting on the appointment, Axel Kilian said: “MSCI has strong relationships with clients in the region, which remains an important strategic market for the business globally. Nick’s extensive experience working across client segments, and deep industry insight, will be key to ensuring we bring the best products and solutions to our established and growing client base in the region. Nick will be a critical member of the EMEA Client Coverage Leadership Team.”

Nick Mihic said: “At a time of significant market uncertainty, clients including asset owners, asset managers and private banks are looking for innovative solutions to deal with new challenges and address evolving end-investor priorities. Through MSCI’s extensive product and research offering, the company is well placed to provide clients with the relevant technology, tools and content to manage risks and embrace opportunities. I look forward to working with the team as we partner with our clients to navigate the investment landscape in the region.”

About MSCI

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 45 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.

The information contained herein (the “Information”) may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI. The Information may not be used to verify or correct other data, to create any derivative works, to create indexes, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information or MSCI index or other product or service constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy. Further, none of the Information or any MSCI index is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. NONE OF MSCI INC. OR ANY OF ITS SUBSIDIARIES OR ITS OR THEIR DIRECT OR INDIRECT SUPPLIERS OR ANY THIRD PARTY INVOLVED IN MAKING OR COMPILING THE INFORMATION (EACH, AN “INFORMATION PROVIDER”) MAKES ANY WARRANTIES OR REPRESENTATIONS AND, TO THE MAXIMUM EXTENT PERMITTED BY LAW, EACH INFORMATION PROVIDER HEREBY EXPRESSLY DISCLAIMS ALL IMPLIEDWARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING ANY OF THE FOREGOING AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY OF THE INFORMATION PROVIDERS HAVE ANY LIABILITY REGARDING ANY OF THE INFORMATION FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL (INCLUDING LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.

Media Inquiries

[email protected]

Melanie Blanco +1 212 981 1049

MSCI Global Client Service

EMEA Client Service + 44 20 7618.2222

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Asia Pacific Client Service + 852 2844 9333

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Mindtree Partners with the Nordex Group to Drive Forward the Company’s Digital Transformation Journey

PR Newswire

WARREN, N.J. and BANGALORE, India, Nov. 23, 2020 /PRNewswire/ — Mindtree, a leading digital transformation and technology services company, today announced a five-year deal with a leading wind turbine manufacturer, The Nordex Group (ETR: NDX1). The Nordex Group chose Mindtree as its business transformation partner to simplify, modernize, and transform its entire IT landscape globally, while providing scalability to support the company’s growth plans. The Nordex Group is one of the leading integrated, global manufacturers of innovative onshore wind turbine systems. Founded in 1985, the products of the company regularly shape the technological development of the wind energy industry. The Group has installed wind power capacity of more than 30 GW in over 40 markets, significantly contributing to carbon-free power generation.

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“Demand for wind power will continue to grow globally and so will Nordex. Delivering to our expanding international customer base reliably and securely will require standardisation and simplification of our underlying systems. We will design a scalable digital architecture that enables us to deliver with speed and agility,” said Stefan Ewald, CIO Nordex Group. “We are delighted to partner with Mindtree to deliver against our digital transformation agenda. Mindtree’s digital expertise, experience and agile culture is a very good match for Nordex.”

To align the Nordex Group’s IT infrastructure with its strategic vision across the complete value chain, Mindtree will support the full stack transformation of its current IT operations and service delivery. “The scope includes the standardisation and roll out of new projects and operational processes, the consolidation of existing IT services, and the development of a future-ready cloud platform which maintains a robust cybersecurity posture,” said Venu Lambu, Executive Director and President, Global Markets, Mindtree. “We are delighted that the Nordex Group has chosen us for its transformational journey. Mindtree will bring its digital expertise and world-class, industry-acknowledged platforms and capabilities through the use of cloud and IoT technologies.”

About Mindtree

Mindtree (NSE: MINDTREE) is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage. “Born digital,” in 1999 and now a Larsen & Toubro Group Company, Mindtree applies its deep domain knowledge to 280+ enterprise client engagements to break down silos, make sense of digital complexity and bring new initiatives to market faster. We enable IT to move at the speed of business, leveraging emerging technologies and the efficiencies of Continuous Delivery to spur business innovation. Operating in more than 15 countries across the world, we’re consistently regarded as one of the best places to work, embodied every day by our winning culture made up of over 21,800 entrepreneurial, collaborative and dedicated “Mindtree Minds.”

To learn more about us, visit www.mindtree.com or follow us @Mindtree.

All product and company names herein may be trademarks of their registered owners.

For more information, contact:

INDIA             
Tanuja Singh                                                                                  
Mindtree                               
[email protected] 

 

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Vonage Powers Customer Support Communications and Authentication Solutions for Global Manufacturer Fisher & Paykel

Vonage Powers Customer Support Communications and Authentication Solutions for Global Manufacturer Fisher & Paykel

SINGAPORE–(BUSINESS WIRE)–Vonage (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, has been chosen by global appliances manufacturer, Fisher & Paykel, to drive customer service communications for customers in Australia, New Zealand, Singapore, the United Kingdom and the United States.

Fisher & Paykel is using Vonage’s Messages API to provide instant maintenance support notifications via SMS and enhance post-sale services. The Vonage Messages API embedded within Fisher & Paykel’s platform delivers automated and instant SMS confirmations and reminders on all technician appointments, including self-service links for customers to easily cancel or reschedule the appointment. Fisher & Paykel also uses Vonage to send follow up messages for customer feedback once a job is completed to make ongoing service improvements.

Digital customer experiences continue to play a huge role in engaging with and retaining customers. According to EY, prioritising customers’ digital journeys and creating new ways to serve customers through virtualised services will help brands meet customer expectations post COVID-19.

“Today’s customers want to be responded to instantly. They want regular updates from businesses and, more importantly, a two-way communications channel that allows them to share their concerns and feedback quickly and easily,” said Fisher & Paykel Appliances EVP Marketing and Customer Experience, Rudi Khoury. “With Vonage APIs we are able to communicate with customers promptly and create a unique experience giving them control at their fingertips. Vonage also helps Fisher & Paykel make the customer journey – from booking a technician and confirming the appointment to evaluating our service – a seamless process and closes any gaps in customer communications.”

“Delivering prompt customer service across multiple countries in a consistent manner can be a challenge. Businesses need a fast and efficient way to reach their customers no matter where they are in the world. Vonage APIs allow companies to instantly reach their customers through their preferred channels at reduced costs, enabling businesses to effectively communicate with their customers and create a better customer experience,” said Sunny Rao, Vonage Senior Vice President and General Manager for the Asia Pacific region.

With an ever-growing network of more than one million registered developers, the Vonage Communications Platform makes it easy for businesses to use APIs to disrupt their industries, and enable the type of business continuity, remote work, and remote delivery of services that is so essential in today’s environment. Vonage APIs allow developers to easily enhance and build innovative customer experiences directly into their existing applications and devices. The Vonage Communications Platform offers a full suite of programmable voice, video, messaging, and email services to forward-thinking businesses worldwide. Through its partners, Vonage’s platform is at the center of many notable transformational projects in the APAC region, and a de facto for startups.

To find out more about Vonage, visit www.vonage.com

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About Vonage

Vonage (Nasdaq: VG), a global cloud communications leader, helps businesses accelerate their digital transformation. Vonage’s Communications Platform is fully programmable and allows for the integration of Video, Voice, Chat, Messaging and Verification into existing products, workflows and systems. Vonage’s fully programmable unified communications and contact center applications are built from the Vonage platform and enable companies to transform how they communicate and operate from the office or anywhere, providing enormous flexibility and ensuring business continuity.

Vonage Holdings Corp. is headquartered in New Jersey, with offices throughout the United States, Europe, Australia and Asia. To follow Vonage on Twitter, please visit twitter.com/vonage. To become a fan on Facebook, go to facebook.com/vonage. To subscribe on YouTube, visit youtube.com/vonage.

About Fisher & Paykel

Fisher & Paykel, New Zealand’s award-winning appliance brand, has been selling products to change the way people live since 1934. Over time the company has grown into a global organization, now operating in 30 countries with over 4,000 employees and manufacturing in Italy, Thailand and Mexico.

Fisher & Paykel’s design heritage is founded on a pioneering spirit and a culture of curiosity that has challenged conventional appliance design to consistently deliver products tailored to human needs. The company is committed to ongoing research and development with a culture of open innovation, which allows people to work collaboratively to find insights and ideas that connect with customers and respect the planet.

Fisher & Paykel believes everybody deserves good design, because good design is all about making life better. It has built its success on understanding its consumers and designing innovative products such as the award-winning DishDrawer™ Dishwasher – the world’s first dishwasher in a drawer and the class-leading CoolDrawer™ multi-temperature drawer.

A part of the wider Haier Group since 2012, Fisher & Paykel has strengthened its presence as a premium home appliance brand. Fisher & Paykel’s New Zealand Design Centre, based at two locations in Auckland and Dunedin, has been recognized as one of the wider Haier Group’s five global research and development centers of excellence.

www.fisherpaykel.com

Vonage Media Contact

Elise Leonard

+1 732-837-3801

[email protected]

Vonage Investor Contact

Hunter Blankenbaker

+1 732-444-4926

[email protected]

KEYWORDS: Asia Pacific Singapore

INDUSTRY KEYWORDS: Marketing Data Management Communications Technology Telecommunications Mobile/Wireless Networks

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Institut Polytechnique de Paris and Accenture Form Strategic Partnership to Leverage Science and Technology to Address Major Societal, Economic, and Environmental Challenges

Institut Polytechnique de Paris and Accenture Form Strategic Partnership to Leverage Science and Technology to Address Major Societal, Economic, and Environmental Challenges

Agreement includes the creation of an academic and research chair, “Chair of Technology for Change,” at IP Paris

PARIS–(BUSINESS WIRE)–
Accenture (NYSE: ACN) and the Institut Polytechnique de Paris (IP Paris) have entered into a five-year strategic partnership to co-develop solutions in response to the major social, economic, and environmental challenges that humanity faces. A central aspect of the partnership is the creation of an academic and research chair that aims to foster the development of innovative technologies in response to these challenges.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201123005245/en/

Institut Polytechnique de Paris and Accenture announced a strategic partnership to leverage science and technology to address major societal, economic and environmental challenges, attended virtually by IP Paris president Eric Labaye (right) and CEO of Accenture in Europe Jean-Marc Ollagnier (left). (Photo: Business Wire)

Institut Polytechnique de Paris and Accenture announced a strategic partnership to leverage science and technology to address major societal, economic and environmental challenges, attended virtually by IP Paris president Eric Labaye (right) and CEO of Accenture in Europe Jean-Marc Ollagnier (left). (Photo: Business Wire)

The partnership is being led by Jean-Marc Ollagnier, CEO of Accenture in Europe; Olivier Girard, CEO of Accenture in France and Benelux; Eric Labaye, president of Institut Polytechnique de Paris; and Jean-Paul Cottet, executive director of the École Polytechnique Foundation.

Building on IP Paris Interdisciplinary Research Centers, the academic and research chair — known as the “Chair of Technology for Change” — seeks to promote industry transformation and the emergence of innovative business models to foster environmental and social sustainability. It aims to accelerate and support environment, economic, social, and societal change through technological innovation.

Established initially for a period of five years, the Chair of Technology for Change will be an integral part of the research and education activities carried out at IP Paris. Its educational program will benefit today’s and tomorrow’s students and decision makers by addressing a broad range of issues such as inclusive innovation, energy transition, sustainable technology, the circular economy, sustainable business models, and responsible finance. The Chair will strongly contribute to a certificate, the level of which will be based on the students’ degree of commitment toward these critical issues.

Chaired by Thierry Rayna, professor of Innovation Management at École Polytechnique and Research Director at the Innovation Interdisciplinary Institute (i3, a joint CNRS, École Polytechnique, Mines ParisTech, Télécom Paris research lab), the Chair of Technology for Change will build on the expertise of IP Paris’ 30 research laboratories and 950 faculty members. It will act as a platform for rapid responses to the societal and environmental issues outlined in the 17 Sustainable Development Goals (SDGs) of the United Nations Agenda 2030.

Eric Labaye, president of IP Paris, said, “Addressing the current global societal, economic, and environmental challenges requires new innovation approaches. This new long-term partnership between IP Paris and Accenture, bringing together science, technology and industry expertise, is a major step in our aspiration to train responsible leaders and develop leading-edge interdisciplinary research on the world’s most pressing issues. The Chair of Technology for Change, linking technology, economics and sustainable development, will create new educational and research opportunities to shape the next wave of innovation with a positive impact for all.”

Jean-Marc Ollagnier, CEO of Accenture in Europe, said, “The combination of Accenture’s technology expertise and deep industry knowledge with the academic excellence of IP Paris will provide the scientific world with a unique opportunity to promote the latest research-based innovation more widely and rapidly and offer businesses easier access to the latest academic breakthroughs. Harnessing the power of technology and human knowledge and inventiveness is essential for addressing the challenges of today and tomorrow, whether demographic, economic, ecological, or societal. The only way for companies to emerge stronger and build a sustainable world is to embrace change and ensure that it benefits all.”

Olivier Girard, CEO of Accenture in France and Benelux, said, “Our collaboration with IP Paris on realizing the potential of technology for change is consistent with Accenture’s commitment to provide cutting-edge expertise and support the development of tomorrow’s talent. Convergence of industry and science is key to developing solutions to address the economic and societal challenges that lie ahead and building a future that benefits all.”

A key goal of the Chair of Technology for Change is to be a global leader — and a major contributor within European universities — in fostering sustainable development and economy through technological innovation. As such, the Chair of Technology for Change will organize annual events — such as a yearly Global Summit on Technology for Change, as well as international technology challenges and hackathons — bringing together representatives of the general public, academics, businesses, and policy-makers to focus on these issues. The Chair will also publish a yearly report on the latest research surrounding these issues in order to assist decision and policy-makers.

About the Institut Polytechnique de Paris

The Institut Polytechnique de Paris (IP Paris) is a public higher education and research institution that brings together five prestigious French engineering schools: École Polytechnique, ENSTA Paris, ENSAE Paris, Télécom Paris and Télécom SudParis. Under the auspices of the Institute, they share their bicentennial combined expertise to fulfil two major ambitions: to develop educational programs of excellence and cutting-edge research in science and technology. Thanks to the academic anchorage of its five founding schools and its alliance with HEC Paris, IP Paris positions itself as a leading academic and research institution in France and internationally. Visit us at www.ip-paris.fr

About the École Polytechnique Foundation

Created in 1987 by twenty leading French companies at the request of Bernard Esambert (Class of 1954), the Chairman of École Polytechnique Board of Directors at the time, and with the support of the Alumni Association, the École Polytechnique Foundation builds bridges between the business world and École Polytechnique, including its students and research professors. The Foundation is a recognized public-benefit organization that works to promote École Polytechnique. This status entitles it to receive gifts and bequests from both individuals and companies. The funds raised are directed to École Polytechnique programs, facilities, students, and research professors. Visit us at www.fondationx.org

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 506,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.

Velislava Lefevre

Accenture

+ 33 1 53 23 46 18

[email protected]

Mathilde Ordas

Institut Polytechnique de Paris

+33 1 69 33 38 73

+33 6 30 30 02 62

[email protected]

KEYWORDS: Europe United States North America France

INDUSTRY KEYWORDS: Technology Engineering Manufacturing Consulting Other Education Professional Services University Environment Research Software Education Networks Science Data Management

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Institut Polytechnique de Paris and Accenture announced a strategic partnership to leverage science and technology to address major societal, economic and environmental challenges, attended virtually by IP Paris president Eric Labaye (right) and CEO of Accenture in Europe Jean-Marc Ollagnier (left). (Photo: Business Wire)