Market Newsdesk

KYOCERA to Acquire 100% Ownership of California-Based SLD Laser

Kyocera’s fine ceramics to create synergies with new expertise in gallium nitride

KYOTO, Japan–(BUSINESS WIRE)–Kyocera Corporation (President: Hideo Tanimoto, hereafter “Kyocera”) today announced that it has concluded an agreement with California, U.S.-based SLD Laser (formally named Soraa Laser Diode, Inc.) to acquire 100% ownership of SLD Laser. Under the agreement, SLD Laser plans to begin operating as a Kyocera group company upon approval of regulatory authorities.^{* 1}

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201112005440/en/

SLD Laser is a world leader in the commercialization of gallium nitride (GaN) based laser light sources and was established in 2013 as a technology startup. SLD Laser has won commercial success by developing, manufacturing and marketing innovative laser-based products with high efficiency and luminance for mobility, specialty lighting, consumer, and industrial applications. It has obtained safety certifications from ANSI/UL^*2 and IEC^*3 for its high-brightness laser light sources, and is dedicated to the safe and successful application of laser-based innovations.

SLD Laser was recently ranked 7^th in Fortune magazine’s “2020 Best Workplaces in Manufacturing & Production^TM,” ^*4 having promoted an employee-centric corporate culture since its founding.

Kyocera is committed to expanding and developing its business as well as contributing to the growth of various industries through creating new products and cultivating new markets, aiming to attain great synergies by integrating SLD Laser’s advanced GaN expertise with its own production technologies and R&D capabilities in fine ceramic-related businesses.

For more information regarding SLD Laser, please visit https://www.sldlaser.com/

Overview of SLD Laser
Company name	Soraa Laser Diode, Inc.
Location	Goleta, California, U.S.A.
Established	2013
Number of employees	169 (As of August 31, 2020)
Sales bases	U.S., Germany, Japan, China
Key products	GaN (gallium nitride) based laser diode products

*1 Operation will start after receiving the approval from regulatory authorities regarding national antitrust and investment regulations

*2 American National Standards Institute / Underwriters Laboratories Inc.

*3 International Electrotechnical Commission

*4 https://www.greatplacetowork.com/best-workplaces/manufacturing-and-production/2020?category=small-and-medium

About SLD Laser (formally Soraa Laser Diode, Inc.)

SLD Laser is a world leader in the commercialization of gallium nitride (GaN) based laser light sources for automotive, mobility, specialty lighting, consumer, and industrial applications. The company is ISO 9001 certified and automotive compliant to IATF 16949, and operates facilities in Santa Barbara, CA and in Fremont, CA. SLD Laser’s innovative high luminance laser light sources are UL and IEC safety certified, and are utilized in a myriad of applications including automotive & mobility, specialty & portable illumination, entertainment & outdoor lighting, projection displays, biomedical & industrial imaging, 3D printing & material processing, as well as next generation sensing & communications. SLD Laser was founded in 2013 by Dr. Shuji Nakamura, 2014 Nobel Laureate in Physics, Dr. Steve Denbaars, Dr. James Raring, and Dr. Paul Rudy.

About KYOCERA

Kyocera Corporation (TOKYO:6971, https://global.kyocera.com/), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of industrial and automotive components, semiconductor packages, electronic devices, smart energy systems, printers, copiers, and mobile phones. During the year ended March 31, 2020, the company’s consolidated sales revenue totaled 1.6 trillion yen (approx. US$14.7 billion). Kyocera is ranked #549 on Forbes magazine’s 2020 “Global 2000” list of the world’s largest publicly traded companies.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201112005440/en/

KYOCERA Corporation (Japan), Corporate Communications

Kenichi Hara, Tel: +81-(0)75-604-3416 Fax: +81-(0)75-604-3516

[email protected]

KEYWORDS: United States Japan North America Asia Pacific California

INDUSTRY KEYWORDS: Semiconductor Hardware Manufacturing Other Manufacturing Technology

MEDIA:

Logo

Photo

Laser Diode Module (Photo: Business Wire)

Noxopharm Announces Pilot Study With Bristol Myers Squibb’s Product

SYDNEY–(BUSINESS WIRE)–
Australian clinical-stage drug development company Noxopharm (ASX: NOX) is pleased to announce it has joined with Bristol Myers Squibb (NYSE: BMY) in an Australian pilot study investigating the ability of Noxopharm’s immunotherapy drug candidate, Veyonda^®, to overcome resistance to Bristol Myers Squibb’s nivolumab (Opdivo^®) in the treatment of cancer.

Veyonda is a first-in-class sphingosine-1-phosphate inhibitor with high selectivity for cancer cells. This mechanism of action yields a range of immunotherapeutic effects including restoration of immune function in tumors, commonly referred to as converting tumors from cold to hot.

The study, called IONIC-1, will investigate the ability of Veyonda to sensitize tumors to the PD-1 inhibiting actions of Opdivo. Approximately 30 cancer patients (e.g., melanoma, lung, and bladder cancers) will be involved, including those who have progressed on Opdivo, as well as Opdivo-naive patients (e.g., breast, ovarian, prostate cancers and sarcoma). It is anticipated that the first patients will be recruited early in the new year.

Immune checkpoint inhibitors such as Opdivo have revolutionized the treatment of some cancers with what can be dramatic, lifesaving benefits. However, most cancer types have proven to be resistant. Research points to a key limiting factor — the lack of competent immune function within cancer — with individual tumors actively expelling immune cells. Restoring that immune function is a major current goal within the pharmaceutical industry.

“I’m excited to be working with Noxopharm and Bristol Myers Squibb on this study,” said principal investigator professor Paul De Souza, dean of medicine at the University of Wollongong. “Checkpoint inhibitors have made a tremendous difference to some patients with advanced cancer. If we can increase the number of patients that respond through the addition of Veyonda to their treatment regimen, we will make a significant impact — not only to those individuals, but also on the oncology landscape.”

The checkpoint inhibitor market is a multi-billion-dollar market with rapid year-on-year growth, currently dominated by two major global pharmaceutical companies, one of which is Bristol Myers Squibb.

About Noxopharm

Noxopharm is a clinical-stage Australian oncology drug development company with offices in Sydney and New York. The company has a primary focus on the development of Veyonda^® and is the major shareholder in the non-oncology drug development company, Nyrada Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201112005235/en/

Jane Byram

SCORR Marketing

512-626-2758

[email protected]

KEYWORDS: Australia/Oceania Australia United States North America

INDUSTRY KEYWORDS: Oncology Health Clinical Trials Research Science Pharmaceutical Biotechnology

MEDIA:

Logo

Field Roast™ Partners With Award-Winning Chef Roy Choi to “Make Taste Happen”

Brand Unveils First Redesign in Over 20 Years

CHICAGO–(BUSINESS WIRE)–
Doubling down on its unwavering commitment to crafting bold and adventurous taste, leading plant-based brand Field Roast Grain Meat Co™ (“Field Roast”), owned by Greenleaf Foods, SPC, announced a bold brand redesign and a multi-year partnership with prolific chef Roy Choi. The new packaging and partnership promise to inspire culinarians to “Make Taste Happen.”

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201112005224/en/

For the first time since its founding in 1997, the Seattle-born Field Roast is debuting a whole new look, including a redrawn logo and reimagined packaging. The new logo offers a modern spin on a traditional badge, designed to represent its trusted product and reputation for crafting high-quality plant-based meats and cheeses. The revamped packaging nods to the brand’s craftsman legacy with landscape imagery and flavor-forward product names.

To kick off the new era of the brand’s evolution, Field Roast has inked a multi-year partnership with culinary luminary and co-host of The Chef Show, Roy Choi. Choi and Field Roast will team up on the brand’s new Make Taste Happen campaign, which aims to inspire communities of culinary creators with bold flavors that help them craft, discover and share new taste experiences. To define its new identity, Field Roast surveyed more than 11,500 consumers to better understand their expectations of plant-based protein. The study found that Field Roast’s target consumer values food exploration, with nearly all stating that they like to be the first to discover something new (93%), try new things (100%), and that they enjoy cooking (93%).

“Field Roast has led the plant-based industry for more than 20 years, and this redesign represents the differentiated position we continue to pioneer in our category. We’re thrilled to bring consumers unexpected, indulgent flavors and to now inspire their culinary adventures with a trailblazing chef partner,” said Dan Curtin, president of Greenleaf Foods. “Field Roast is proud to welcome chef Choi to our team as a friend and collaborator. His leadership in the ever-evolving food scene and his unique talent for blending culture, community and culinary perfectly complements Field Roast. Together, we’ll help food-lovers explore more flavor adventures.”

In addition to teaming up to introduce Field Roast’s new look this year, Choi will help tell the Field Roast story through a national advertising campaign in 2021, which will include various marketing, public relations, and shopper marketing activities. Field Roast fans can also expect unique plant-based recipe ideation and inspiration from Choi.

“What first attracted me to Field Roast is how their food tastes and how it cooks. It’s flavorful and they aren’t scared of seasoning, which is what my food is all about,” said Choi. “As plant-based pioneers they’re committed to re-imagination and putting good things out into the world. As a chef and storyteller, I like to surround myself with boundary-breakers that are sincere and pure, so it made sense for us to take our partnership to the next level.”

Field Roast believes the best dishes have yet to be discovered. Its portfolio of high-quality plant-based burgers, sausages, roasts, appetizers and entrees, in addition to its leading Chao Creamery dairy-free cheese products, are crafted for those who want to discover, indulge and share in bold taste experiences. Field Roast’s new packaging is already rolling onto shelves at over 17,000 retailers across the U.S., with more stores planned in the coming months.

For more information on Field Roast, visit fieldroast.com and follow @FieldRoast on Facebook, Instagram and YouTube.

About Greenleaf Foods, SPC

Greenleaf Foods, SPC, is transforming plant-based protein with a wide array of delicious and innovative products that satisfy consumers interested in adding protein variety to their diets. Our leading brands include Lightlife® (“Lightlife”) and Field Roast Grain Meat Co.™ (“Field Roast”). Together, these brands are delighting loyal, longtime fans and enticing new ones who never knew plant-based protein could taste so good. The Lightlife and Field Roast portfolios feature nearly 50 products and represent a leading market position in the refrigerated, plant-based protein category in the U.S. Greenleaf Foods, SPC is a wholly owned, independent subsidiary of Maple Leaf Foods Inc. (TSX:MFI).

About Roy Choi

Choi is known as one of the architects of the modern food truck movement and is co-host of the Netflix cooking series The Chef Show with Jon Favreau, as well as host and executive producer of the Emmy-winning social justice series Breaking Bread. He is a graduate of the Culinary Institute of America. In 2010, Food and Wine magazine named him Best New Chef. His cookbook/memoir L.A. Son was a NY Times Bestseller in 2013. In 2016, he was named TIME 100 Most Influential People in the World. And in 2017, LocoL in Watts, received the first ever LA Times Restaurant of the Year award. Roy resides in Los Angeles where he is a voice and advocate for street food culture past, present, and future, and the co-owner, co-founder, and chef of Kogi BBQ, Chego!, Best Friend at Park MGM Las Vegas, and LocoL.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201112005224/en/

Kayla Petersen, [email protected]

KEYWORDS: United States North America Illinois Washington

INDUSTRY KEYWORDS: Women Entertainment Marketing Supermarket Men Communications Food/Beverage Celebrity Consumer Retail

MEDIA:

Photo

Field Roast™ announces award-winning chef Roy Choi is the new face of the brand. (Photo: Business Wire)

Photo

For the first time since 1997, Field Roast is debuting a whole new look, including a redrawn logo and reimagined packaging. (Photo: Business Wire)

Logo

American States Water Company’s Military Subsidiary Recognized for Strong Veteran Hiring and Employment Practices

SAN DIMAS, Calif.–(BUSINESS WIRE)–
American States Utility Services, Inc. (ASUS), a wholly owned subsidiary of American States Water Company (NYSE:AWR), has met the criteria for the Platinum Medallion Award through the Honoring Investments in Recruiting and Employing American Military Veterans (HIRE Vets) Medallion Program. ASUS was recognized for these efforts during an online ceremony on November 10.

The HIRE Vets Medallion Program implements the requirements of the HIRE Vets Act of 2017 and is the only federal award recognizing exceptional achievement in veteran employment.

The Platinum award recognizes employers who meet criteria in various categories including veteran hiring, veterans retained, and veteran benefits. This is the third year of the HIRE Vets Medallion Program and ASUS has participated all three years, achieving the Gold award for the two previous years.

“ASUS is proud to be recognized by the HIRE Vets program, and is committed to hiring qualified military veterans, military spouses, and reservists to help meet our staffing needs,” stated Robert J. Sprowls, President and CEO of American States Water Company. “Today, and every day, we are Serving Those Who Serve® and are grateful to our military service personnel, past and present, and the families who support them.”

About American States Water Company

American States Water Company is the parent of Golden State Water Company, Bear Valley Electric Service, Inc. and American States Utility Services, Inc., serving over one million people in nine states. Through its water utility subsidiary, Golden State Water Company, the company provides water service to approximately 261,500 customer connections located within more than 80 communities in Northern, Coastal and Southern California. Through its electric utility subsidiary, Bear Valley Electric Service, Inc., the company distributes electricity to approximately 24,500 customer connections in the City of Big Bear Lake and surrounding areas in San Bernardino County, California. Through its contracted services subsidiary, American States Utility Services, Inc., the company provides operations, maintenance and construction management services for water distribution and wastewater collection and treatment facilities located on eleven military bases throughout the country under 50-year privatization contracts with the U.S. government.

American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 66 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201112005061/en/

Eva G. Tang

Senior Vice President – Finance, Chief Financial Officer, Corporate Secretary and Treasurer

(909) 394-3600, extension 707

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Other Natural Resources Defense Utilities Energy Natural Resources Other Defense

MEDIA:

Logo

Incyte to Present at Upcoming Investor Conference

WILMINGTON, Del.–(BUSINESS WIRE)–
Incyte (Nasdaq:INCY) announced today that it will present at the 3^rd Annual Evercore ISI Virtual HealthCONx Conference on Tuesday, December 1, 2020 at 10:30 a.m. EST.

The presentation will be webcast live and can be accessed at Investor.Incyte.com and will be available for replay for 90 days.

About Incyte

Incyte is a Wilmington, Delaware-based, global biopharmaceutical company focused on finding solutions for serious unmet medical needs through the discovery, development and commercialization of proprietary therapeutics. For additional information on Incyte, please visit Incyte.com and follow @Incyte.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201112005041/en/

Media

Catalina Loveman, +1 302 498 6171

[email protected]

Investors

Michael Booth, DPhil, +1 302 498 5914

[email protected]

KEYWORDS: Delaware United States North America

INDUSTRY KEYWORDS: Biotechnology General Health Pharmaceutical Health

MEDIA:

Logo

CSG Launches Cloud-Based Digital Mediation to Advance Transformative Digital Monetization Capabilities

GREENWOOD VILLAGE, Colo.–(BUSINESS WIRE)–
Billions of new devices, driven by the proliferation of 5G networks and the Internet of Things, will generate a surge in data with a forecast of 1.8 billion new 5G connections just five years from now¹. Digital mediation is a critical component of a communications service provider’s (CSP) cloud infrastructure, helping them facilitate business transformation by monetizing new innovative services at a radically lower cost.

Today, CSG (NASDAQ: CSGS) officially introduces its Digital Mediation platform, a cloud-first solution proven in both private and public clouds like Amazon Web Services (AWS) and Microsoft Azure, that helps CSPs monetize 5G and B2B2x opportunities with minimal risk, while reducing disruption to their existing systems.

CSG Digital Mediation eases the burden and simplifies the process required to manage the anticipated data surge from 5G and enterprise IoT. The platform is optimized for scaling, offering customers new methods to automate key digital mediation processes, and efficiently capitalize on opportunities to monetize new services.

By leveraging the CSG Digital Mediation, CSPs can be ready for an influx of data, providing the flexibility needed to scale and support growth as it occurs, while delivering significant cost savings and operational efficiencies. The new capabilities and advantages include:

• Multi-site orchestration: Manage multiple instances from a single browser console, reducing the effort to manage complex deployments.

• Game-changing user experience: Reduce the effort to configure mediation with unique capabilities, such as a new plug-in wizard used to set up integration adapters.

• Faster deployment: Remove the need for technical support during rollout by eliminating the traditional thick desktop client with a full web-based UI that is quicker and easier to deploy.

• 5G architecture optimization: Rapidly monetize new 5G data services with a new 5G Dynamic Charging Function that delivers the value of 5G standalone networks. Fulfill the roles of both the 3GPP 5G Charging Function (CHF) and the Charging Gateway Function (CGF) with a single platform and simplify the complexity of all interfaces between the network and BSS functions.

• Preserve existing investments: Easily integrate new 5G core networks with existing prepaid charging and OCS billing platforms; shield them from the complexities of 5G standalone deployments, such as new service-based interfaces and dynamically instantiated cloud network functions.

• Automatic OCS offload and input throttling: Automatically control the recovery of source and downstream system outages without revenue loss or the need for active user management.

• Elastic scaling: Automated scaling to process huge charging volumes based on real-time traffic demand, optimizing performance and infrastructure costs.

• Unparalleled capacity: Process millions of transactions a second with affordable infrastructure to deploy.

“Efficient, scalable mediation is fundamental to executing a successful digital transformation, providing a cornerstone for usage-based processing in next generation revenue management and service assurance,” said Chad Dunavant, global head of product management, CSG. “As CSPs grapple with the rapid evolution of digital services, CSG Digital Mediation enables quick response to the changing demands of their mediation operations.”

About CSG

For more than 35 years, CSG has simplified the complexity of business, delivering innovative customer engagement solutions that help companies acquire, monetize, engage and retain customers. Operating across more than 120 countries worldwide, CSG manages billions of critical customer interactions annually, and its award-winning suite of software and services allow companies across dozens of industries to tackle their biggest business challenges and thrive in an ever-changing marketplace. CSG is the trusted partner for driving digital innovation for hundreds of leading global brands, including AT&T, Charter Communications, Comcast, DISH, Eastlink, Formula One, MTN and Telstra. To learn more, visit our website at csgi.com and connect with us on LinkedIn and Twitter.

Copyright © 2020 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved.

_________________________________________

¹GSMA, The Mobile Economy, 2020

View source version on businesswire.com: https://www.businesswire.com/news/home/20201112005045/en/

Brad Jones

Global / North America / Asia-Pacific Public Relations

CSG

+1 (303) 200-3001

[email protected]

Kristine Østergaard

CSG

Europe / Middle East / Africa Public Relations

+44 (0)75 0051 8412

[email protected]

Liz Bauer

Investor Relations

CSG

+1 (303) 804-4065

[email protected]

KEYWORDS: Europe United States North America Asia Pacific Colorado

INDUSTRY KEYWORDS: Software Technology Telecommunications

MEDIA:

Posted on November 12, 2020 8:03 am

Customer Online Conversations Reveal ‘All to Play for’ in Battle between Challengers and Incumbent Banks, Finds Economist Intelligence Unit Report for Temenos

Customer Online Conversations Reveal ‘All to Play for’ in Battle between Challengers and Incumbent Banks, Finds Economist Intelligence Unit Report for Temenos

• Groundbreaking report for Temenos by The Economist Intelligence Unit uses machine-learning to analyze over 10 million online conversations about personal finance
• Challenger banks are strongly associated with financial empowerment, but also twice as likely to be associated with security and privacy concerns compared to traditional banks
• Traditional banks retain strong associations with trust, a wider range of services and perks such as loyalty programs

GENEVA–(BUSINESS WIRE)–
Temenos (SIX: TEMN), the banking software company, today published a new report by The Economist Intelligence Unit (EIU) based on an analysis of over 10 million online conversations in public forums about personal finance. The report, “Customer experience: learning from online personal finance conversations”, reveals the strengths and weaknesses of traditional and challenger banks in terms of how well they are meeting customer needs. It finds challenger banks are strongly associated with financial empowerment, but also twice as likely to be associated with security and privacy concerns when compared to traditional banks.

According to the EIU report, start-up, digital-first banks and investment services have come to market promising superior customer experience and innovative services, such as budgeting apps and automated, low-cost investment tools. But traditional banks still benefit from trust, reliability and a wider range of services. And increasingly, spurred on by new digital entrants, they are investing heavily in their digital capabilities. In an earlier EIU global survey, a third (32%) of banking leaders stated that improving customer experience and engagement was their bank’s top strategic priority.

Max Chuard, Chief Executive Officer, Temenos, said: “The new report, which analyzes online conversations, reveals that in the battle for consumers, challengers and incumbent banks will need to meet customers’ demands for financial empowerment, enhanced digital experiences as well as safety and security. We see digital technology as a once-in-a-generation opportunity to deliver satisfying and secure customer experiences and generate growth for banks. With Temenos’ advanced cloud and AI technology, we serve over 3000 banks, we help challengers scale fast and incumbent banks innovate and create the hyper-personalized experiences that customers crave. With our open, microservices-based technology architecture, we allow banks to re-imagine their business models and create effective marketplaces to deliver real value to their customers. The transformative power of cloud and AI technology gives banks a fighting chance in the campaign for customer relationships, but time is of the essence.”

The analysis found that 13.7% of conversations about challenger banks included associations with concerns about safety, security or privacy, compared with only 6.7% of those about traditional banks. Discussions about “investment” have grown in frequency since 2015, and the analysis shows that 14.4% of conversations that discuss challenger banks include associations with financial empowerment capabilities such as tracking and budgeting, compared with just 2% of conversations that discuss traditional banks.

But while many consumers are turning towards disruptive fintech platforms for enriched tools and services to bolster their personal finances, traditional banks remain heavily associated with rewards and loyalty programs—one of the most discussed subjects overall. A quarter (24.9%) of conversations about traditional banks were related to credit cards or reward programs, compared to just 2.4% of those involving challengers.

The report also notes that the field of “financial services” is far bigger than before with open banking allowing third parties to build innovative financial products and assist customers in many aspects of their financial lives. This could see fintech become ubiquitous in areas far beyond core banking services. The analysis shows incumbents and challengers are only associated with 18% of total personal finance discussions, with the rest covering everything from divorces and wills to car buying.

Jason Bates, co-founder of app-based banks Monzo and Starling, as well as 11:FS, a fintech consultancy, comments in the report:“Innovators are those who understand the ‘brutal realities’ of customers’ daily lives. We never ask customers, ‘what would you like us to build?’ because they are experts at talking about their problems and experience, not product development. Our approach to creating new digital services is to talk to customers about the issues in their daily life and then look at how you can deliver against that.”

Report methodology

To better understand consumer preferences when it comes to retail banking services, the EIU developed a natural language processing model to analyze over 10 million online English-language conversations about finance and banking, drawn from English-language personal finance forums on Reddit. This analysis supplemented the EIU survey results of over 300 global banking executives, conducted earlier this year.

– Ends –

About The Economist Intelligence Unit

The Economist Intelligence Unit is the world leader in global business intelligence. It is the business-to-business arm of The Economist Group, which publishes The Economist newspaper. The Economist Intelligence Unit helps executives make better decisions by providing timely, reliable and impartial analysis on worldwide market trends and business strategies. More information can be found at www.eiu.com or www.twitter.com/theeiu.

About Temenos

Temenos AG (SIX: TEMN) is the world’s leader in banking software. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 500 million banking customers. Temenos offers cloud-native, cloud-agnostic and AI-driven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel customer experiences and gain operational excellence.

Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks’ IT investment is adding tangible value to their business.

For more information, please visit www.temenos.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201112005023/en/

Jessica Wolfe & Scott Rowe

Temenos Global Public Relations

Tel: +1 610 232 2793 & +44 20 7423 3857

Email : [email protected]

Alistair Kellie & Andrew Adie

Newgate Communications on behalf of Temenos

Tel: +44 20 7680 6550

Email: [email protected]

KEYWORDS: Switzerland Europe

INDUSTRY KEYWORDS: Professional Services Technology Finance Software Banking Internet

MEDIA:

Logo