BEIJING, Dec. 11, 2023 /PRNewswire/ — Within the framework of the 15th Vietnam-China International Trade and Tourism Fair, an antiphonal singing exchange activity was held on Beilun River, the border river between China and Vietnam, on November 30.

Chinese and Vietnamese singers performed songs praising the close friendship between the people of the two countries.

As socialist countries and friendly neighbors, China and Vietnam have witnessed over seven decades of diplomatic ties with close bonds between the two peoples.

Long-standing friendship

Chinese Ambassador to Vietnam Xiong Bo told China Media Group that there are many favorable conditions for people-to-people exchanges between China and Vietnam.

With similar historical and cultural heritages, Vietnamese people are very familiar with Chinese history and Confucianism, and contemporary Chinese films as well as TV series are very popular among Vietnamese, he said.

To boost mutual understanding and friendship between the two peoples, China and Vietnam have emphasized the importance of work on educational cooperation.

Zheng Dawei, education counselor of the Chinese Embassy in Vietnam, said over 50 higher education institutions in Vietnam offer Chinese language departments or majors, with 15,000 students studying Chinese at the higher education level.

According to a joint statement on deepening China-Vietnam comprehensive strategic cooperative partnership issued last year, China announced that in the next five years, it will offer Vietnam over 1,000 Chinese Government Scholarships and more than 1,000 International Chinese Language Teachers Scholarships, helping Vietnam train high-level talents and Chinese language teachers.

From 2021 to 2022, over 27,000 Vietnamese students studied in China, with more than 1,700 of them receiving Chinese Government Scholarships, said Ambassador Xiong.

Xiong said the foundation of public opinion between both sides needs to be further strengthened. The two sides should place greater importance on strengthening the China-Vietnam friendship, he noted.

More people-to-people exchanges expected

After the 20th National Congress of the Communist Party of China, General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong was the first foreign leader invited for a visit to China.

At the invitation of Trong and Vietnamese President Vo Van Thuong, Chinese President Xi Jinping will pay a state visit to Vietnam from December 12 to 13.

The leaders will discuss upgrading China-Vietnam relations and focus on six major areas – politics, security, practical cooperation, public support, multilateral affairs and maritime issues – Chinese Foreign Ministry spokesperson Wang Wenbin said at a regular press briefing.

During a meeting with Thuong in October, who was in Beijing for the third Belt and Road Forum for International Cooperation, President Xi said the two countries should continue to forge closer bonds between the two peoples, especially among the younger generation, so as to pass on the traditional friendship from generation to generation.

The Vietnamese are also expecting closer bond between the two peoples. Le Nguyet Quynh, second prize winner of the 16th Chinese Bridge — Chinese Proficiency Competition for Foreign Secondary School Students, said she has been studying Chinese for six years, and is looking forward to President Xi’s upcoming visit.

"I hope that after this visit, there will be more opportunities for the youth of the two countries to communicate with each other and enhance our bond," said Le.

https://news.cgtn.com/news/2023-12-09/China-Vietnam-eye-closer-people-to-people-bonds-1po749WWKgU/index.html

Source : CGTN: China, Vietnam eye closer people-to-people bonds

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The Phase I PERFORM trial, taking place at four clinical trial centers across the U.S., will evaluate the safety and preliminary efficacy of ATG-031 in patients with advanced solid tumors or B-cell non-Hodgkin’s lymphoma (B-NHL). ATG-031, discovered and developed in-house by Antengene, is the world’s first anti-CD24 antibody to advance to the clinic in oncology.

SHANGHAI and HONG KONG, Dec. 11, 2023  /PRNewswire/ — Antengene Corporation Limited ("Antengene" SEHK: 6996.HK), a leading innovative, commercial-stage global biopharmaceutical company dedicated to discovering, developing and commercializing first-in-class and/or best-in-class medicines for cancer, today announced that the first patient has been dosed in the Phase I PERFORM trial of ATG-031 for the treatment of patients with advanced solid tumors or B-cell non-Hodgkin’s lymphoma (B-NHL), at The University of Texas MD Anderson Cancer Center, the lead center of the study that also includes three other clinical trial centers across the U.S.

The PERFORM trial is a first-in-human, multi-center, open-label, Phase I dose-finding study of ATG-031 in patients with advanced solid tumors or B-NHL. The study’s primary objective is to evaluate the safety and tolerability of ATG-031 as a monotherapy, and determine the appropriate dose for Phase II studies. The secondary objective is to characterize the pharmacology, evaluate the immunogenicity, and assess the preliminary efficacy of ATG-031.

"We are delighted that the PERFORM trial has successfully dosed its first patient in the U.S. CD24 is a target with great potential in regulating macrophage activities in tumor environment. Supported by the striking preclinical efficacy demonstrated by blocking CD24 in preclinical studies and a promising preclinical safety profile based on CD24’s limited expression in normal tissue, Antengene has quickly initiated the PERFORM study in the U.S. to further assess the safety and tolerability of ATG-031 in late stage cancer patients," said Dr. Amily Zhang, Antengene’s Chief Medical Officer. "Moving forward, we will continue to work closely with investigators at MD Anderson and three other clinical trial centers in the U.S. to bring clinical benefit to more patients as soon as possible."

"With the joint persistent efforts from Antengene’s internal teams, we have made great strides to the development of ATG-031, a first-in-class anti-CD24 monoclonal antibody targeting the novel ‘don’t eat me’ pathway, while making rapid progress with the clinical development of other core assets. To date, we have established close collaboration with more than 100 clinical trial centers in the U.S., Australia, and the Mainland of China," said Dr. Jay Mei, Antengene’s Founder, Chairman and CEO. "Remaining committed to our global innovation strategies and steadily expediting our clinical programs, we will focus on next generation novel treatments to address broad unmet medical needs post the current immune checkpoint inhibitors."

About ATG-031
ATG-031 is a first-in-class humanized CD24 monoclonal antibody which inhibits the "don’t eat me" signal and enhances macrophage-mediated phagocytosis of cancer cells. Tumor cells evade the surveillance of the human immune system by over-expressing "don’t eat me" surface proteins that signal macrophages to prevent the detection and phagocytosis of cancer cells. CD24 (cluster of differentiation 24) is a prominent "don’t eat me" signal that plays a significant role in tumor immune evasion by suppressing macrophage-mediated phagocytosis. Compared to CD47, another well-known "don’t eat me" target, CD24 has a more restricted distribution in normal tissue and higher expression in cancerous tissue. In addition，unlike CD47，CD24 is not expressed on human red blood cells，allowing for a wider therapeutic window and minimal on-target-off-tumor toxicity as a CD24-targeted therapy.

As a novel innate immune checkpoint, CD24 orchestrates immune evasion through its interaction with the inhibitory receptor Siglec-10 (sialic-acid-binding Ig-like lectin 10) expresses on tumor-associated macrophages (TAMs). Preclinical data presented in 2023 at the American Association for Cancer Research Annual Meeting (AACR 2023) demonstrated that ATG-031 can specifically bind to CD24 with nM affinity and block the interaction of CD24 and Siglec-10. Furthermore, ATG-031 induces efficient phagocytosis with a picomolar EC50 and stimulates the pro-inflammatory cytokines production by macrophages.

About Antengene
Antengene Corporation Limited ("Antengene", SEHK: 6996.HK) is a leading commercial-stage R&D-driven global biopharmaceutical company focused on the discovery, development, manufacturing and commercialization of innovative first-in-class/best-in-class therapeutics for the treatment of hematologic malignancies and solid tumors, in realizing its vision of "Treating Patients Beyond Borders".

Since 2017, Antengene has built a pipeline of 9 oncology assets at various stages going from clinical to commercial, including 6 with global rights, and 3 with rights for the APAC region. To date, Antengene has obtained 29 investigational new drug (IND) approvals in the U.S. and Asia, and submitted 10 new drug applications (NDAs) in multiple Asia Pacific markets, with the NDA for XPOVIO® (selinexor) already approved in Mainland of China, Taiwan China, Hong Kong China, Macau China, South Korea, Singapore and Australia.

Forward-looking statements
The forward-looking statements made in this article relate only to the events or information as of the date on which the statements are made in this article. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this article completely and with the understanding that our actual future results or performance may be materially different from what we expect. In this article, statements of, or references to, our intentions or those of any of our Directors or our Company are made as of the date of this article. Any of these intentions may alter in light of future development. For a further discussion of these and other factors that could cause future results to differ materially from any forward-looking statement, please see the other risks and uncertainties described in the Company’s Annual Report for the year ended December 31, 2022, and the documents subsequently submitted to the Hong Kong Stock Exchange.

Source : Antengene Announces the Study of Anti-CD24 Monoclonal Antibody ATG-031 Dosed Its First Patient in the United States

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Terrascope becomes one of the first SaaS Platforms with the ability to measure emissions in line with FLAG 

SINGAPORE, Dec. 11, 2023 /PRNewswire/ — Terrascope, an end-to-end enterprise decarbonisation platform, announced the addition of a new module to its SaaS platform, specifically designed to empower enterprises in land-intensive sectors with the measurement and management of Forest, Land, and Agriculture (FLAG) emissions. This enhancement makes Terrascope one of the first SaaS platforms to incorporate FLAG emission capabilities, offering a robust solution for organisations to achieve more accurate carbon accounting and to advance their sustainability objectives.

FLAG measurement on Terrascope

*Note: Data is representative, not pertaining to any company 

The Forest, Land and Agriculture Guidance [FLAG] is the world’s first standard for companies in land-intensive sectors to set science-based targets (SBTs) that include land-based emissions reductions and removals. The SBTi FLAG Guidance impacts a number of sectors in the food and agricultural value chain, such as food & beverage, agriculture, packaged goods, luxury, hospitality, amongst others. The food and agriculture value chain contributes to 34% of global emissions, largely from upstream activities such as deforestation, land use changes, and agricultural practices. The direct dependence on upstream activities to land use emissions underscores the urgency for tools like the FLAG module, in order to enable enterprises to effectively manage their land-based emissions, aligning with science-based targets and the Paris Agreement’s goal of limiting global warming.

Maya Hari, CEO, Terrascope, said, "We are excited to unveil our new FLAG module, to further support enterprises in the food & agriculture value chain on their decarbonisation journey. Food & Agri value chains represent approximately 30% of global emissions, with a majority of these emissions originating upstream, making it essential to have a precise understanding and management of land-related emission sources. Integrating FLAG capabilities into our platform is a pivotal step in enabling large enterprises to identify and act upon these land-related emissions more effectively."

Terrascope’s approach to managing and reducing FLAG emissions includes compliance with SBTi, as well as alignment with the new GHG Protocol for land sector removals. This module enables enterprises in the FLAG sectors to measure land-based emissions from their own operations as well as their supply chain. Enterprises can also measure their decarbonisation initiatives involving carbon sequestration and better land management using the Terrascope’s FLAG Module.

Starting with FLAG screening, Terrascope’s FLAG Module reviews a company’s operational and value chain model to determine their FLAG exposure and the need for SBT FLAG Targets. For companies that need this, a measurement tool covering land use change estimation and land management emissions from farming activities such as fertiliser application, farm activities or livestock rearing is deployed. This includes proprietary capabilities to disaggregate FLAG emissions from third party databases. The emission calculations are consolidated into separate FLAG and Energy inventories, ensuring accuracy and avoiding double counting. The FLAG module then enables enterprises to set SBTI-aligned FLAG targets, and their long- and short-term decarbonisation plans.

For enterprises required to set FLAG SBT targets, the Terrascope FLAG module is an essential asset. It enhances operational efficiency and optimises decarbonisation investments, while simplifying compliance efforts. The module provides a transparent, comprehensive view on a singular platform, uniquely enabling the inclusion of carbon removal strategies in decarbonisation plans.

Nikita Asthana, Global Head & Vice President, Sustainability Finance, Olam Agri, said, "Terrascope has been a key partner and enabler of our decarbonisation journey. Along with the ongoing reduction planning, the timely addition of the FLAG module to the platform is set to further enhance our decarbonisation strategy, and we are looking forward to the precise tools that will streamline our reporting and enable the management of land-related emissions in line with our sustainability goals."

As a decarbonisation platform with a focus on Food & Agriculture companies across the value chain, from growers, to processors, manufacturers, distributors and retailers, FLAG is one of many upcoming product modules that Terrascope is launching to support material emissions reductions. Additional capabilities to calculate emissions from Land Use Change and farming activities such as fertiliser application and livestock rearing, to modelling Commodity Pathways and Land Sector Carbon Removals will be available in subsequent releases.

About Terrascope

Terrascope is an end-to-end decarbonisation SaaS platform that enables enterprises to measure and reduce their Scope 1, Scope 2 and Scope 3 emissions. As an AI-powered platform that leverages data science, machine learning, and sustainability expertise, the Terrascope aids large companies in decarbonising both their business operations and supply chains, guiding them on their net zero journey.

Publicly launched in June 2022, Terrascope works with customers across sectors, from agriculture, food & beverages, manufacturing, retail and luxury, to transportation, real estate and TMT. Globally headquartered in Singapore, Terrascope operates in major markets across APAC, EMEA, USA, and is a partner of the Monetary Authority of Singapore’s ESG Impact Hub.

Learn more at https://www.terrascope.com/

Source : Terrascope announces the ability to measure and reduce FLAG emissions on its decarbonisation platform

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SEOUL, South Korea, Dec. 11, 2023 /PRNewswire/ — SurplusGLOBAL, a global leader in the legacy semiconductor equipment industry, has announced its participation in the SEMICON JAPAN 2023 exhibition. The event is scheduled to take place from December 13th to 15th, 2023, at the Tokyo Big Sight in Japan. SurplusGLOBAL will be stationed at booth No. 5320 throughout the exhibition.

SurplusGLOBAL Announces Participation in SEMICON JAPAN 2023 to Showcase the Legacy Parts Distribution Solutions

SurplusGLOBAL is excited to engage in productive meetings and make valuable connections during SEMICON JAPAN 2023, showcasing the legacy parts distribution solutions.

Key highlights of SurplusGLOBAL’s legacy parts distribution solutions include:

Sourcing: SurplusGLOBAL’s extensive business network has suppliers and contacts to locate and acquire these obsolete parts. This may involve searching through warehouses, salvage operations, and even individual sellers. Supply chain management: SurplusGLOBAL’s Semiconductor Equipment Cluster ensures world-class integrated facilities, including clean rooms, warehouses, refurbishment rooms, and training centers and operates an online marketplace that supports the supply chain management system. Technical expertise: SurplusGLOBAL has accumulated over 60,000 units in transactions covering almost all fabs and employs skillful personnel with over 23 years of experience. This extensive expertise is essential for ensuring that customers receive the correct parts and can be properly installed.

"These legacy parts are often no longer manufactured by the original equipment manufacturer (OEM) and may be difficult to find through traditional distribution channels. Legacy parts distributors, like SurplusGLOBAL, play a critical role in ensuring that businesses can continue to operate their legacy equipment by providing a reliable source for these hard-to-find parts." said Bruce Kim, CEO at SurplusGLOBAL.

SurplusGLOBAL Japan Sales Director Shuji Kumazawa, said, "SurplusGLOBAL provides comprehensive solutions for buying, selling, sourcing, refurbishing, and consulting legacy semiconductor equipment & obsolete parts with over 23 years of experience. We commitment to quality, expertise, and customer service has made it a trusted partner for businesses not only in Japan but also around the world." Commented.

Source : SurplusGLOBAL Announces Participation in SEMICON JAPAN 2023 to Showcase the Legacy Parts Distribution Solutions

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Following ion exchange resin, RO membrane, and EDI have been released.
Establishing three key materials for water treatment Becoming a comprehensive solution provider through newly launched products and a new dedicated organization, "Water Solutions PU (Performance Unit)".

SEOUL, South Korea, Dec. 11, 2023 /PRNewswire/ — Samyang Corporation, Korea’s first company to develop ion exchange resin and a leader in the field of industrial water treatment materials, has launched two new products and established a dedicated organization to leap forward as a comprehensive water solution company in the global market.

Following the ion exchange resin, Samyang launched Reverse Osmosis(RO) membrane and Electrodeionizer(EDI) to build all the key materials for ultrapure water production.

Samyang Corporation (CEO Kang Ho-Sung) announced that they have released new products with their industrial water treatment brand name, "TRILITE" which are TRILITE RO, Reverse Osmosis, and TRILITE EDI, Electrodeionizer.

These new products are considered key industrial water treatment materials together with ion exchange resin, playing a primary role in removing impurities by high-performance filters and electricity in the production process of ultrapure water(extremely pure water that removes impurities and has close to 0% ion content) for semiconductors, displays, and electronic products. Recently, with the rapidly increasing demand for ultrapure water for semiconductors, the market size for RO membranes and EDI is also growing fast.

The newly launched product, TRILITE RO Membrane has high performance in removing salt and organic matter, high permeability, and excellent durability. It is a product specifically designed for brackish water, which contains less salt than seawater and is specialized in the manufacture of industrial water. TRILITE EDI is a device that continuously produces pure and ultrapure water through electricity. It is an eco-friendly product that does not use chemical materials and does not discharge wastewater. The length of the water flow path is lengthy which provides stable operation as well as outlet water quality despite fluctuations in inlet water conditions.

Samyang Corporation, along with ion exchange resin, has established a core water treatment materials line-up for ultrapure water production by launching its RO membrane and EDI. Samyang Corporation has also added new features to ‘TriAngle’, a self-developed software for designing ion exchange resin systems, including the design systems for RO membranes and EDI.

This provides an optimal combination of designing a water treatment system based on user’s needs and this can also make the company a comprehensive solutions provider.

Samyang Corporation recently established its ‘Water Solutions PU (Performance Unit)’, a dedicated organization in charge of the water treatment business within Samyang’s chemical group and is strategically fostering it at a group level. Starting with the expansion of TRILITE product lines, Samyang plans to strengthen its product portfolio through continuous R&D and to solidify its position in the global semiconductor market including in the US, Europe, Japan, China, and Southeast Asia based on the established global sales network of ion exchange resin.

Cho Young Do, the head of Samyang Corporation’s WS PU said, "The global water treatment market is continuously growing because of the recent deepening of water stress through environmental pollution as well as growing ultrapure water demands by the growth of the semiconductor, display, and electronic industries." He added, "With differentiated technology and a brand, "TRILITE" that can provide comprehensive solutions, Samyang Corporation will become a leading company in the global water treatment market."

Samyang Corporation is leading the domestic industry by developing the country’s first ion exchange resin product in 1976 and creating only Korea’s ion exchange resin brand, TRILITE. In 2014, Samyang Fine Technology, Asia’s largest uniform particle-sized resin factory was built to expand the business into premium-grade resin like power plants, ultrapure, chromatography, and so on. In 2020, by supplying ion exchange resin in nuclear power plants, Samyang Corporation successfully localized premium-grade resin.

Reference : Samyang TRILTIE official website www.samyangtrilite.co.kr/en/index

Source : Samyang Corporation, Expansion of global market by launching two new industrial water treatment equipment

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RIYADH, Saudi Arabia, Dec. 11, 2023 /PRNewswire/ — The Literature, Publishing & Translation Commission has concluded the activities of the 2023 Riyadh International Philosophy Conference, themed "Transcultural Values and Ethical Challenges in the Communicative Age," after three days of hosting over 4,900 visitors and featuring a range of scientific programs, educational initiatives, and diverse activities.

Shattering Its Previous Records by a Significant Margin.. Riyadh International Philosophy Conference 2023 Concludes Its Activities for This Year

The Commission announced the conference’s remarkable outcomes and strategic accomplishments over its three days, including partnerships with 12 local and international partners, the public signing of the Saudi Philosophy Society’s membership into the International Union of Philosophical Societies, and its addition to the International Philosophy Conference (Rome, 2024). The conference hosted several prominent names in the philosophical arena, including Dr. Simon Critchley, Mr. Suleiman Al-Nasser, Dr. Hamou Naqari, Dr. Najib Hassadi, Dr. Malak Al-Juhani, Dr. Cynthia Freeland, and Dr. Robert Bernasconi, who participated in the conference’s scientific program, while some offered workshops for conference visitors.

The conference discussed 11 main themes and 69 sub-themes, hosted over 70 international and local speakers, organized more than twenty workshops for children, adolescents, and adults, and presented over 6 accompanying events and activities. In this context, the Commission expressed the conference’s significant focus on research advancement and academic growth, having received 144 scientific proposals from more than 20 countries. These proposals were peer-reviewed and evaluated by the Saudi Journal of Philosophical Studies, with approximately 39 proposals selected for discussion at the conference venues. Additionally, the Commission organized a philosophical debate competition among Saudi university students, culminating in a single team’s victory on the final day of the conference following a philosophical dialogue discussing the impact of isolation on self and identity.

During its three days, the conference presented a variety of interactive experiences that visitors praised for their diversity, aimed at simplifying philosophical concepts for attendees. These included "The Maze of Philosophical Dilemmas," offering a real-life simulation of ethical quandaries, the "Intersections of Art and Philosophy" exhibit, showcasing a visual display of the convergence of philosophy and arts, a cinema for philosophical short films offering a unique cinematic experience, and the "Philosophy History Mural," interactively summarizing the history of philosophy over time to the present day.

Source : Shattering Its Previous Records by a Significant Margin… Riyadh International Philosophy Conference 2023 Concludes Its Activities for This Year

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SHANGHAI, Dec. 11, 2023 /PRNewswire/ — USI (SSE: 601231) collaborates with a customer to launch a rugged industrial tablet with an IP66 rating, providing a reliable mobile solution for on-site professionals and line workers. This tablet has a 10-inch touch screen and barcode scanning functionality, featuring a robust and durable industrial design that enables exceptional performance in harsh working conditions. Additionally, the tablet incorporates WLAN and WWAN/5G wireless communication features, ensuring seamless connectivity in any scenario.

The development of this product benefited significantly from the outstanding product development services provided by USI. With over 20 years of experience in industrial specification product mechanical design, the company’s expertise spans 3D modelling, material selection, and customized design optimization tailored to customer specifications. The R&D team possesses various testing equipment for industrial specifications, including waterproofing, dust resistance, and impact durability assessments. Moreover, its dedicated team is familiar with Computer Aided Engineering (CAE) and Thermal analysis, ensuring that the product passes relevant tests early in the design phase and is brought to market on time.

USI provides comprehensive support in the RF section, ranging from infrastructure design to performance optimization. The audio section covers board-side audio circuit design, system-side acoustic chamber design and simulation, and Voice over Internet Protocol (VoIP) audio tuning. In electronic engineering (EE), the company is responsible for product electronic circuit design, simulation of power and high-speed signals, PCB layout design, and the startup and failure analysis of PCBAs and systems. Additionally, in battery design, the company takes user-centric considerations to ensure the uninterrupted operation of scanning functions during battery replacement or device drops, guaranteeing the protection and smooth upload of information.

Baron Huang, Associate Director of the Research and Development Center at USI, said, "Throughout the development process, we faced various challenges in design and validation. While most products on the market achieve only IP65 certification, we needed to ensure that the 10-inch display met the IP66 protection and waterproofing challenges, passing the 1.5-meter drop test. As USI’s first IP66-rated rugged industrial tablet, we aimed to earn customers’ trust in the absence of precedents and ensure the successful delivery of outstanding results."

This rugged industrial tablet is designed for on-site professionals’ and line workers’ use, providing high efficiency in vehicles, outdoor environments, or on-site workplaces. The combination of a rugged keyboard further enhances operational flexibility and convenience.

About USI (SSE: 601231)

USI, Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System-in-Package) technology. With Asteelflash and Hirschmann Car Communication, USI has 30 production and service locations across four continents of Asia, Europe, Americas and Africa, and offers customer diversified electronic products with D(MS)2 product services: Design, Manufacturing, Miniaturization, Industrial software and hardware Solutions, and material procurement, logistics and maintenance Services. USI is a subsidiary of ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX). To learn more, please visit www.usiglobal.com and engage with us on LinkedIn and YouTube.

Source : USI Collaborates with Customer to Launch IP66-Rated Rugged Industrial Tablet, Meeting High Efficiency Demands for On-Site Work

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MELBOURNE, Australia, Dec. 11, 2023 /PRNewswire/ — Andisor, a pioneering digital wholesale platform, has announced the close of a $1M pre-seed funding round, backed by industry heavyweights. This significant investment marks a new era for brick-and-mortar retailers, empowering them to compete and excel in a market increasingly dominated by online giants.

Andisor Team Photo (Left to Right): Rahul Paul (Technical lead), Athul George (Software Engineer), Tom Macdonald (Growth Executive), & Vandana Chaudhry (CEO, Founder)

Dr Kate Cornick, CEO at LaunchVic, added, "LaunchVic is proud to back Andisor’s mission to revolutionise the wholesale retail sector. It’s exciting to see founders like Vandana, with extensive corporate experience, building tools that redefine the industry."

The funding round saw participation from early-stage venture capital firm Antler, LaunchVic’s Alice Anderson fund, Jam Pad Investments, and several prominent retail operators and leaders. This diverse group of investors reflects the broad appeal and potential of Andisor’s innovative approach to retail.

Paul Greenberg, founder of DealsDirect, a pioneer online retailer, and founder of the NORA Network shares, "The vision of Andisor to forge connections and bolster sustainable growth in the fashion industry, leveraging the power of technology, strikes a chord with us at JamPad Investments. Understanding the hurdles brands face in wholesale expansion, we are thrilled to back Andisor’s seasoned and varied team as they navigate and address these complex challenges."

Andisor stands out as the first platform of its kind, designed to connect enterprise-level buyers and sellers in a dynamic and efficient manner. Vandana Chaudhry, Founder and CEO of Andisor, and former executive at Deliveroo and Crocs, likens the platform to The Iconic but for B2B transactions. "Retail is a high-stakes, fast-paced industry where precision in buying is crucial. Andisor addresses this by offering a lower-risk path for brands to penetrate the market, overcoming the constraints of limited resources and risk appetite," Vandana explains.

Nishan Wijemanne, co-founder of Cohesio Group and Shiperoo, says, "I am supporting Andisor because I love their fresh take on changing the B2B retail scene. With my supply chain and tech experience, I recognise how important it is to blend intuition and analytics for smart buying. Andisor’s platform excels at bringing a clever and thoughtful approach to retail procurement."

The origin of Andisor is rooted in the founder’s extensive experience in global marketplaces. This experience highlighted a universal challenge: the difficulty of forging meaningful B2B relationships. Inspired by the transformative role of data at Deliveroo, Andisor was conceived to empower retailers through data-driven partnerships. "Throughout my career, I’ve seen businesses struggle to build impactful B2B relationships. Andisor is about creating win-win situations, driving success for both buyers and sellers," shares Vandana.

Cath Rogers, Partner at Antler in Australia, comments, "The retail sector, particularly for small and medium businesses, has faced formidable challenges recently. Andisor has astutely responded to this by creating a platform that not only enables brands to boost their revenue from small and independent customers profitably but also offers these retailers a seamless platform to access and purchase from global brands. The depth of Andisor’s industry connections and the magnitude of the opportunity they present is truly exciting for us at Antler as their day zero investors."

Since its inception, Andisor has rapidly gained traction, attracting high-calibre brands and discerning retailers. These power players value Andisor for its ability to enhance decision-making speed and inventory turnover, thanks to its data-centric approach.

The market potential for Andisor is immense. As per McKinsey’s ‘State of Fashion 2023’ report, the global B2B eCommerce market was valued at $14.9 trillion in 2020, significantly larger than the B2C market. With the retail and wholesale market projected to reach $100 trillion by 2025, Andisor is strategically positioned in a sector ripe for innovation.

The recent investment will be strategically used to advance Andisor’s analytics and segmentation tools, providing brands with actionable insights to manage merchandise production and supply with agility. "As an advisor for Andisor, I’ve seen its global appeal," said Nicole Kleid, ex Rampersand VC and Founder of Start Small Ventures. "Andisor’s expansion plans are as bold as the partnerships it fosters, setting a new standard for B2B retail excellence."

Investors are confident in Andisor’s future: "Andisor’s fusion of market intelligence with a streamlined wholesale process is what the industry needs. Their clear vision for the future of retail is why we support them," an investor commented.

With this financial backing, Andisor is poised to redefine the digital wholesale experience for retailers globally, facilitating growth and strategic partnerships in the dynamic world of fashion and consumer brands.

Andisor is a curated B2B platform, offering a lower-risk path for brands to accelerate growth, overcoming the constraints of limited resources and risk appetite. Learn more at andisor.com

Key Points

1. Funding Milestone: Andisor secures $1M in pre-seed funding, bolstering the future of brick-and-mortar retail with heavyweight industry backing.

2. Innovative Retail Solution: Andisor debuts as a first-of-its-kind platform, transforming B2B connections and retail procurement with a data-driven approach.

3. Strategic Growth and Vision: Positioned in a booming B2B market, Andisor’s fresh funding fuels its mission to revolutionise global retail through advanced analytics and strategic partnerships.

Quotes

Cath Rogers, Partner at Antler in Australia, comments, "The retail sector, particularly for small and medium businesses, has faced formidable challenges recently. Andisor has astutely responded to this by creating a platform that not only enables brands to boost their revenue from small and independent customers profitably but also offers these retailers a seamless platform to access and purchase from global brands. The depth of Andisor’s industry connections and the magnitude of the opportunity they present is truly exciting for us at Antler as their day zero investors." Paul Greenberg, founder of DealsDirect, a pioneer online retailer, and founder of the NORA Network shares, "The vision of Andisor to forge connections and bolster sustainable growth in the fashion industry, leveraging the power of technology, strikes a chord with us at JamPad Investments . Understanding the hurdles brands face in wholesale expansion, we are thrilled to back Andisor’s seasoned and varied team as they navigate and address these complex challenges." Nishan Wijemanne, founder of Cohesio Group and Shiperoo, reflects, "Our support for Andisor stems from our confidence in their innovative approach to reshaping the B2B retail landscape. With my extensive background in supply chain planning, I recognize the intricate balance of intuition and analytics in successful buying. Andisor’s platform exemplifies this balance, offering a nuanced and intelligent approach to retail procurement." Dr Kate Cornick, CEO at LaunchVic, added, "LaunchVic is proud to back Andisor’s mission to revolutionise the wholesale retail sector. It’s exciting to see founders like Vandana, with extensive corporate experience, building tools that redefine the industry."

Source : Industry rallies behind local startup; Andisor Secures $1M in pre seed funding to digitise wholesaling

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