Hollysys Board has unanimously approved Ascendent’s all cash offer at 42% premium to the unaffected price as of 23 August 2023 Agreement marks culmination of formal sale process conducted by Special Committee of independent directors

BEIJING, Dec. 11, 2023 /PRNewswire/ — Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it has reached an agreement to be acquired by Ascendent Capital Partners ("Ascendent"), an international private investment firm headquartered in Hong Kong. The acquisition, which concludes a months-long sale process, will be completed through an all-cash transaction valued at approximately US$1.66bn.

According to the terms of the agreement, Ascendent will acquire all outstanding shares of Hollysys that it does not currently own for US$26.50 per share in cash. This price represents a premium of 42% to the unaffected price of US$18.66 as of August 23, 2023. The Board of Directors of Hollysys (the "Board"), upon the unanimous recommendation of the Special Committee of independent directors, has given its unanimous approval for the transaction.

Today’s agreement enables Hollysys’ shareholders to realize substantial cash value at a significant premium to the Company’s recent trading price. Additionally, the ability of Ascendent to secure reputable funding sources and execute the transaction expeditiously further enhances the attractiveness of the deal.

This agreement marks the successful culmination of a formal sale process that was part of a review of various strategic options to maximize value for shareholders, including continued execution of the current strategic plan. A sale was determined to provide maximum value discovery to realize the highest value for shareholders.

The Board formed the Special Committee of independent directors on October 2, 2023 to run the sale process with the assistance of external advisors. Throughout the process, the Special Committee engaged in extensive discussions with multiple credible offerors who expressed interest in acquiring the Company and a number of buyers participated in such sale process.

Certain transaction details

The deal will be subject to shareholder approval by the Company and certain closing conditions, including customary regulatory approval.

Advisors

Deutsche Bank AG, Davis Polk & Wardwell, Mourant Ozannes (Hong Kong) LLP, and Haiwen & Partners are serving as advisors to Hollysys. Ascendent is advised by Morrison & Foerster LLP, Appleby and Zhong Lun Law Firm.

About Hollysys Automation Technologies Ltd.

Hollysys is a leading automation control system solutions provider in China, with overseas operations in eight other countries and regions throughout Asia. Leveraging its proprietary technology and deep industry know-how, Hollysys empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence which are critical to their businesses. Hollysys derives its revenues mainly from providing integrated solutions for industrial automation and rail transportation. In industrial automation, Hollysys delivers the full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management and cloud-based applications. In rail transportation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for high-speed rail and urban rail (including subways). Founded in 1993, with technical expertise and innovation, Hollysys has grown from a research team specializing in automation control in the power industry into a group providing integrated automation control system solutions for customers in diverse industry verticals. As of June 30, 2023, Hollysys had cumulatively carried out more than 45,000 projects for approximately 23,000 customers in various sectors including power, petrochemical, high-speed rail, and urban rail, in which Hollysys has established leading market positions.

About Ascendent Capital Partners

Ascendent Capital Partners, headquartered in Hong Kong, is a private equity investment management firm managing assets for global institutional investors, including sovereign wealth funds, endowments, pensions and foundations.

Ascendent has successfully led and executed a large number of innovative and ground-breaking private equity investments, generating strong risk-adjusted returns for investors and business growth for our portfolio companies. Ascendent has established a consistent track record in providing advice and solution capital to entrepreneurs, business owners and management teams, building long-lasting relationships through in-depth collaboration. For additional information about Ascendent, please visit Ascendent’s website at www.ascendentcp.com.  

Safe Harbor Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company; growth in financial and operational performance of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident," or similar expressions involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys’ management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contact Information

Company Contact:
Hollysys Automation Technologies Ltd.
www.hollysys.com
+8610-5898-1386
[email protected] 

Media Contacts (Hong Kong and New York):
Brunswick Group
[email protected] 

Daniel Del Re (Hong Kong)
[email protected]
+852 9255 5136

Libby Lloyd (New York)
[email protected]
+1 347 283 3871

Source : Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share

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Inovalon ONE® Platform seamlessly aggregates, standardizes, and analyzes diverse data to gain meaningful insights, support evidence-based decision-making, and offer data security and privacy.

SAN ANTONIO, Dec. 11, 2023 /PRNewswire/ — Frost & Sullivan recently researched the healthcare analytics and real-world evidence (RWE) information technology solutions industry and, based on its analysis, recognizes Inovalon with the 2023 North American Product Leadership Award. The cloud-based software-as-a-service (SaaS) provider empowers healthcare organizations with data-driven insights to improve clinical, operational, and financial performance. Through the Inovalon ONE® Platform and its Insights solutions, Inovalon supports payers, providers, pharmacies, and life sciences organizations using real-world data (RWD) and advanced analytics to enhance healthcare outcomes and economics.

The cloud-based Inovalon ONE Platform provides SaaS solutions leveraging the company’s national-scale connectivity, real-time primary source data, and advanced analytics to provide actionable insights that inform and expedite patient care and business strategies. Using Inovalon’s MORE2 Registry®, the nation’s largest healthcare dataset originating from longitudinally matched and primary source data, the platform helps achieve data integration, compliance, and security. Additionally, Inovalon’s subject matter expertise, vast dataset, and robust data governance help enable artificial intelligence (AI) and machine learning (ML) capabilities to automate workflows, identify and address care gaps, and support its partnerships with technology companies like AWS.

Payers, providers, pharmacies, and life sciences organizations can use tailored cloud solutions on the Inovalon ONE Platform to seamlessly aggregate, standardize, and analyze diverse or siloed data to gain meaningful insights and support evidence-based decision making:

Inovalon Data Cloud harnesses diverse, longitudinally linkable healthcare data to accelerate healthcare research for life sciences organizations and enable the improvement of economics and outcomes for providers, payers, and pharmacies. Inovalon Payer Cloud offers advanced analytics and dynamic business intelligence to support health plans in improving clinical quality metrics, risk score accuracy, value-based care, member and provider engagement, and more. Inovalon Provider Cloud provides a user-friendly, single-sign-on portal for streamlining revenue cycle management, care quality management, and workforce management. Inovalon Pharmacy Cloud facilitates pharmacy operations and enhances clinical performance through real-time data exchange, automated processing, and electronic decision support.

Ojaswi Rana, best practices research analyst at Frost & Sullivan, observed, "Inovalon’s best practices transform data into actionable insights through tailored solutions while adapting to market demands and evolving toward innovative SaaS offerings."

Inovalon’s unique access to extensive and longitudinally linked healthcare datasets positions it as a fundamental framework for innovative solutions, differentiating it in the industry. Its distinct advantage is its collaboration across payer, provider, specialty pharmacy, and life sciences domains, allowing it to effectively utilize data and analytics to address emerging trends in targeted medicine, gene therapy, and oncology. Inovalon is well-positioned to capitalize on new growth opportunities, cementing its position in the North American healthcare analytics and RWE IT solutions space.

"The Inovalon ONE Platform seamlessly aggregates, standardizes, and analyzes diverse healthcare data from electronic health records and claims data to provide payers, pharmacies, providers, and life sciences organizations with evidence-based insights for better patient care and decision-making. The company remains a trusted partner, earning a reputation for offering the best healthcare analytics and RWE IT solutions," added Unmesh Lal, research director for Healthcare & Lifesciences at Frost & Sullivan.

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. The award recognizes the quality of the solution and the customer value enhancements it enables.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

About Inovalon
Inovalon is a leading provider of cloud-based software solutions empowering data-driven healthcare. The Inovalon ONE® Platform brings together national-scale connectivity, real-time primary source data access, and advanced analytics into a sophisticated cloud-based platform empowering improved outcomes and economics across the healthcare ecosystem. The company’s analytics and capabilities are used by nearly 20,000 customers supporting more than 50,000 sites of care, and are informed by the primary source data of more than 79 billion medical events across one million physicians, 654,000 clinical settings, and 375 million unique patients. For more information, visit www.inovalon.com.

Contact:
Ashley Weinkauf
P: 210-844-2505
E: [email protected]

Nick Panayi for Inovalon
Chief Marketing Officer
[email protected]

Source : Inovalon Applauded by Frost & Sullivan for Improving Healthcare Delivery, Patient Outcomes, and Data Security with Its Inovalon ONE® Platform

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China’s Leading NEV Fleet Management Company Secures One of the Largest US Dollar Private Investments in 2023 

Highlights:

DST aims to expand the scale of its NEV fleet in China as well as to deepen its R&D efforts, increase offline service network, and offer comprehensive and tailor-made service packages Management remains unwavering in its drive to implement sustainable practices at every level, supporting the environment and society while achieving further scalability and growth In collaboration with prominent strategic and financial partners, DST will look to explore international expansion

SHENZHEN, China, Dec. 11, 2023 /PRNewswire/ — DST, China’s leading new energy vehicle ("NEV") fleet management company, today announced the completion of a US$ 80 million round of financing, led by a globally renowned growth fund as well as several existing shareholders. This investment will fuel further investments in R&D and, more specifically, its real-time computational analytics. These technologies are key to enhancing DST’s digitalized fleet management capabilities and helping to efficiently and effectively expand and manage the increased scale of the company’s NEVs for logistics fleet in China.

DST has long been the go-to partner for logistics companies like SF Express, JD Logistics, and other well-known clients from various industries. DST’s clients desire to lower their total cost of vehicle ownership, maximize operational efficiencies, and streamline their logistics schedules. To date, the Company has approximately 100,000 logistics NEVs under management, serving over 5,000 enterprise clients and over 400,000 drivers on its digitalized logistics platform and offline service network.

Ms. Haiying Zhang, Founder and Chairman of DST, commented, "As the founder of DST, I am proud to lead a company that exemplifies technological leadership and unwavering commitment to sustainability in China’s logistics and fleet management industry. As a firm believer and practitioner of carbon neutrality, we share the mutual goal of reducing carbon emissions with our new investor. Our innovative solutions, digital intelligence, and commitment to environmental responsibility not only sets us apart but also drives our entire industry forward. DST is not just a company; it’s a catalyst for change and a beacon of excellence in this transformative era for logistics and fleet management. With the proceeds, we are poised to make additional investments in deepening our R&D capabilities and expanding our computational analytics infrastructure, ensuring that we remain at the forefront of industry innovation. By doing so, we are confident to create long-term value for our stakeholders."

As the leader in digital intelligent operation services for new energy logistics in China, DST has intensified its commitment to advancing the sustainability of China’s logistics industry in line with the national "dual carbon" goal. The core mission remains focused on enabling the electrification of urban logistics through comprehensive solutions, encompassing vehicle leasing, sales, charging, storage, maintenance, and environmentally conscious practices. The company also focuses on end-to-end services and environmentally responsible practices, supporting circular economy principles, digital transformation, and privacy protection while aligning with the UN Sustainable Development Goals and implementing robust ESG governance. DST’s pledge to ESG principles is exemplified by obtaining the highly coveted "Dark Green Rating" for both its revenue and CAPEX from Cicero – Shades of Green, an S&P Global brand which provides independent research-based ESG evaluations. DST’s future vision is centered on innovation, efficiency, and collaboration, driving the growth of the entire industry ecosystem and enhancing value for all stakeholders.

More information about DST is available at www.dstcar.com.

About DST

Founded in 2015, DST Electric Vehicle Rental (Shenzhen) Co., Ltd.("DST", the "Company", "we"), is a leading digital intelligent operation service provider in China for new energy logistics vehicles. Based on the principles of green and sustainable development, we take the responsibility of promoting the full electrification of urban logistics vehicles and managing their life cycle as our approach. DST connects the whole value chain of the new energy logistics vehicle industry and provides customers with a digital intelligent operation service network, including asset operation and services integrating vehicle leasing and sales, charging, storage, maintenance, and cascade utilization. We empower every participant in the industry to achieve efficiency and value enhancement by "service-oriented" and continue to promote the standardization and intelligence of the industry, so that the emerging ecosystem will become simpler and more effective due to DST.

Media and Investor Contact:

Public Relations: [email protected]
Investor Relations: [email protected]

Source : DST Raises US$80 Million in Latest Round of Financing

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Processing thousands of user suggestions monthly through its official feedback channel, the global blockchain ecosystem underscores its commitment to user-driven innovation by introducing various enhancements and updates across various products 

MANAMAN, Bahrain, Dec. 11, 2023 /PRNewswire/ — Binance, the global blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, is happy to share that a total of 246 feature suggestions received from users via its Feature Request & Feedback Board were validated in November this year. This user-focused feedback process is part of Binance’s dedication to its community, and is a key element for why Binance has been able to keep building and improving over the years.

Each month, the product teams at Binance carefully review and evaluate thousands of users’ feedback, suggestions and ideas. Doing so offers valuable insights for Binance as the organization continues to roll out the next generation of products, with its users and their needs at its core.

Key enhancements and updates made in November 2023 include:

Elevating users’ P2P experience: Making P2P transactions on Binance has become more user-friendly, secure and accessible than ever before. Notable enhancements include: introduction of mobile web for the P2P Merchant Portal, ability to pin selected P2P featured ads at the top of the marketplace, and support for video uploads in the P2P chat. These enhancements provide increased convenience and functionality to the Binance P2P platform, thereby boosting both users’ and merchants’ P2P trading experience. Streamlining users’ financial transactions: Binance’s deposits and withdrawals processes have gone through several updates, resulting in increased flexibility, clarity and convenience for users when managing their funds. For instance, users can now choose both spot and funding wallets during the crypto withdrawal process. Users benefit from quicker and more convenient fund management due to this streamlining. Binance has also introduced a new confirmation step on the crypto deposit page to help minimize errors and create a simplified process. Enhancing users’ trading through intuitive dashboards: The dashboards on Binance have been revamped, simplified and optimized to enhance clarity and ease of use. The newly designed interfaces on both web and app platforms make it easier for users to navigate market trends, manage assets, and execute transactions in a simplified and personalized way. In the case of the Market and Assets dashboards, for instance, the new design intentionally focuses on essential information only. Users are thus able to easily track market trends and make informed decisions without the distraction of unnecessary elements.

In addition to the enhancements and updates covered above, there are many other releases by the Binance team in November. A list of some of these other releases are as follows:

User interface and trading tools: sidebar integration, internal transfer page optimization, security settings integration, deposit and withdrawal details with CS bot, kline enhancements P2P and wallet features: P2P new user coach on Lite version, cashlink mint/burn process for P2P, revoke messages in P2P chat room, wallet history enhancements Copy Trading enhancements: support API trading for lead traders, privacy options for lead traders, addition of copy trading on Market Discover page Futures trading enhancements: Futures price alert, new BBO order type, clearer fee info on position history, one-stop derivative data info page Options trading enhancements: T-shaped quote in Binance Pro, Options heat map

The updates and enhancements shared above are just a glimpse of the many improvements made by Binance in November. Each of these developments, from the user-friendly P2P transaction features, the streamlined deposits and withdrawals process, and the refined dashboards, reflects the organization’s ongoing commitment to its users and community.

For the latest updates to Binance’s product suite, do look out for weekly #BinanceBuild updates on the organization’s official social channels. Monthly #BinanceBuild recaps will also be posted on Binance Blog.

Disclaimer: The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users, in accordance with applicable legal and regulatory requirements. These materials are intended only for those users who are permitted to access and receive the products and services referred to and are not intended for users to whom restrictions apply. You are responsible for informing yourself about and observing any restrictions and/or requirements imposed with respect to the access to and use of any products and services offered by or available through Binance in each country or region from which they are accessed by you or on your behalf. Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of any products and/or services offered from time to time in its sole discretion at any time without notification.

Source : Binance Demonstrates Commitment to User-Led Innovation, Validated Over 240 User Suggestions in November 2023

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SHANGHAI, Dec. 11, 2023 /PRNewswire/ — Zhongchao Inc. (NASDAQ: ZCMD) ("Zhongchao" or the "Company"), a platform-based internet technology company offering services for patients with cancer and other major diseases, today announced that Shanghai Zhongxin Medical Technology Co., Ltd. ("Zhongxin"), of which Zhongchao consolidates the operations and financial results through a series of contractual arrangements, has renewed its service agreement (the "Agreement") with Beijing Public Health Foundation ("BPHF"), a non-profit organization dedicated to enhancing Chinese citizens’ health through public welfare initiatives and aid programs. Pursuant to the Agreement, Zhongxin and BPHF extended its partnership to work together on a patient aid project (the "Project") to provide medication assistance services for cancer patients.

The Project offers free Doxorubicin Hydrochloride Liposome Injections to low-income patients with breast cancer, lymphoma, Kaposi’s sarcoma, ovarian cancer, osteosarcoma, and myeloma based on their needs. The Project aims to ensure patients to have longer lasting and more effective medical treatments with less financial burden. The Project operates through over 300 hospitals and 100 pharmacies, where qualified cancer patients after an assessment can receive their medications for free. To date, the Project has been in operation for three years, serving over 6,000 patients and donating more than 22,000 doses of medication.

Under the supervision and guidance of BPHF, Zhongxin, leveraging its self-developed patient assistance program technical service platform, is responsible for providing staff with training and daily operation management, maintaining the project website,  management for patients, and monitoring and analyzing project progress. These efforts aim to standardize the workflow and enhance the operational efficiency of the Project. Additionally, the platform also performs information management for Project participants, such as hospitals and pharmacies, to improve operational efficiency and accuracy.

With the rising incidence of cancer and prolonged life expectancy brought by new technologies, the cost of innovative medications and long-term treatments has intensified financial burden on patients. Zhongchao believes that the Project encourages and supports patients in need to adhere to sustained treatments with significant therapeutic effects and less financial burden on families. Zhongchao remains committed to leveraging its service capabilities and experience in enhancing treatment efficiency and quality of life for cancer patients.

About Zhongchao Inc.

Zhongchao Inc. is an offshore holding company incorporated in the Cayman Islands. It consolidates the financial results of a variable interest entity, Zhongchao Medical Technology (Shanghai) Limited, and its subsidiaries (the "PRC operating entities") through a series of contractual arrangements. Zhongchao Inc. is a platform-based internet technology company offering services to patients with oncology and other major diseases. The PRC operating entities provide online healthcare information, professional training and educational services to healthcare professionals under their "MDMOOC" platform (www.mdmooc.org), offer patient management services in the professional field of tumor and rare diseases through Zhongxin, offer internet healthcare services through Zhixun Internet Hospital, and pharmaceutical services through Xinjiang Medical and operate an online information platform, Sunshine Health Forums, to general public. More information about the Company can be found at its investor relations website at http://izcmd.com. 

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the professional training and educational services market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

At the Company: Pei Xu, CFO
Email: [email protected]
Phone: +86 13901629242

Investor Relations: Sherry Zheng
Weitian Group LLC
Email: [email protected]
Phone: +1 718-213-7386

Source : Zhongchao Inc. Collaborates with a Public Health Foundation to Support Sustainable and Effective Cancer Treatments

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The world’s largest IT-Home Appliance Trade Show, "CES 2024" in Las Vegas, Nevada.  APR Corps will participate under the category of ‘lifestyle’  First participation ever since its establishment  Plans to reveal new products for U.S. launch in addition to currently exporting products Beauty Device Technology will be the key for global including the United States 

SEOUL, South Korea, Dec. 11, 2023 /PRNewswire/ — APR Corp. (APR, CEO Byunghoon ‘Victor’ Kim), the global beauty-tech company, is ready to present K-Beauty Tech based on beauty devices at the world’s largest IT-Home Appliance Show, CES 2024.

Medicube Age-R Booster Pro

APR announced its participation in CES 2024, which will be held at the Las Vegas Convention Center in Las Vegas, Nevada, U.S., from Jan 9th to 12th, 2024. CES, hosted by the Consumer Technology Association (CTA) in the U.S., is the world’s largest home appliance trade show, recently attracting global companies from various industries to showcase their technologies.

This year’s CES marks APR’s first participation and the company will introduce its ‘medicube AGE-R’ beauty devices that create a new skincare lifestyle, under the Show’s Lifestyle category. To this end, six products that have already been successful in the U.S. market, Derm EMS, Ussera Deep Shot, ATS Air Shot, Booster-H, i-Shot, and Contour Body Shot, are set to be showcased initially. Visitors to the APR booth would experience ‘how to care’ with these beauty devices through visual materials.

Medicube Age-R 5 types

APR will also unveil soon-to-be-released products that showcase its technological prowess. Particularly, the next-generation device ‘Booster Pro,’ launched in Korea last Oct, is expected to earn attention in the U.S. as well. Booster Pro represents the culmination of APR’s accumulated know-how in beauty device technology since its brand launch in 2021. The product has gained high popularity in South Korea since its release because of the variety of skincare benefits such as more radiant skin, enhanced skin elasticity, and effective pore management in one device.

APR expects to establish its global reputation as a leading beauty tech company representing South Korea through this year’s CES. APR has continued to engage in skin science research and remains dedicated to securing innovative technological capabilities. This year, in particular, APR established the APR Device Center (ADC), a specialized research and development center for beauty device technology, focusing on enhancing R&D capabilities in beauty devices and internalizing core technologies. APR’s beauty device technology is becoming a key driving force in the global market strategy, and as of last November, domestic (South Korea) and international beauty device sales surpassed 1.5 million units.

Byunghoon ‘Victor’ Kim, CEO of APR, stated, "We are extremely proud to showcase APR’s technology at CES, the world’s largest consumer electronics trade show." Mr. Kim added, "Through this exhibition, we aim to expand APR’s brand name recognition as South Korea’s leading beauty-tech company to consumers worldwide."

CES 2024 has completed registrations of global companies from over 150 countries, with more than 200,000 visitors expected to attend during the exhibition period.

Source : "K-Beauty Tech Shines in the U.S." APR Corp. to Showcase Beauty Device Technology at CES 2024

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network