Sumsub’s annual Identity Fraud Report sheds light on the evolving nature of digital fraud and potential trends for businesses and regulations

SINGAPORE, Nov. 28, 2023 /PRNewswire/ — Sumsub, a full-cycle verification platform, today released its third annual Identity Fraud Report. The report revealed that the APAC region has experienced a 1530% surge in deepfake cases from 2022 to 2023, marking it as the second-highest region in this concerning trend. In addition to this insight, the report highlights a growing trend in sophisticated scams and money laundering cases globally, underscoring the necessity to address and combat evolving fraud patterns.

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Identity Fraud Main Trends and Statistics for 2023

Other key findings from the report include:

Indonesia, Hong Kong, and Cambodia have witnessed a more than two-fold increase in identity fraud percentages from 2021 to 2023. Bangladesh and Pakistan have the highest fraud rates in both APAC and the world in 2023, with rates of 5.44% and 4.59% respectively. Singapore stands out for successfully reducing its fraud rate in 2023, maintaining a low level of 0.89%. Japan, Australia and Thailand have maintained their fraud rates at under 2% over 2021-2023. There’s been a significant 10x increase in the number of deepfakes detected globally across all industries from 2022 to 2023, with notable regional differences: 1740% deepfake surge in North America, 1530% in APAC, 780% in Europe (including UK), 450% in MEA and 410% in Latin America. The top-5 identity fraud types in 2023 are: AI-powered fraud, money muling[1] networks, fake IDs, account takeovers and forced verification[2]. Online media is the industry with the highest identity fraud increase (274%) between 2021 and 2023.

Artificial Intelligence and Deepfakes: A Growing Threat

With AI-driven fraud remaining the most prominent challenge across various industries, crypto is the main target sector (representing 88% of all deepfake cases detected in 2023), followed by fintech (8%). In the APAC region, Vietnam and Japan rank the highest for the prevalence of deepfake fraud. Japan, in particular, had notable widespread use of deepfakes in the entertainment sector, while Vietnam, with its rapidly growing digital economy and online-native population, stands as an appealing target for fraudsters.

To combat the prevalence of AI-powered fraud, countries are proactively introducing measures and regulations aimed at safeguarding businesses and individuals from the harmful impacts of AI – such as the effects of deepfakes. For instance, the Hong Kong Monetary Authority (HKMA) published a circular with enhanced measures to defend e-banking from fraudsters in October 2023 which includes enhanced monitoring for suspicious transactions and additional customer authentication.

"The rise of AI presents a paradox. While it can be wielded for malicious purposes, it also stands as an ally for anti-fraud solution providers. The key to ensuring that AI contributes positively to society lies in the establishment of robust regulations and policy guidelines. These measures are crucial for creating an environment conducive to responsible technology use. At Sumsub, we advocate for close collaboration between businesses and regulators, to foster a future of innovation that aligns with compliance standards," comments Penny Chai, Vice President of Business Development, APAC, at Sumsub.

Verification and Identity Fraud Prevention in 2024: Expert Insights

The report also echoed that AI will be a key focus for regulators in 2024. For instance, China is known to have pioneered deepfake regulation, with the "Regulations on the Administration of Deep Synthesis of Internet Information Services" approved by the Chinese Cyberspace Administration Authority (CAC) in December 2022 and having come into force in August 2023.

Other trends forecasted in the report include the necessity for more robust regulatory responses, an increased emphasis on non-document verification to offer diverse options for confirming identities, online media implementing stricter rules regarding identification, the mandatory need for local authorities to enhance data security and personal information, and the rise of network analysis as a tool to uncover fraud.

To learn more and download the full Sumsub Identity Fraud Report 2023 for free, please go to https://sumsub.com/fraud-report-2023/.

* Note on Sumsub’s research methodology

Sumsub research compares data from 2022 and 2023. In certain cases, 2021 data is also taken into account to observe trends. The study is based on aggregated and anonymized verification statistics on millions of users from 28 industries worldwide, with 2,000,000+ fraud attempts studied. The report analyzes trends, patterns, and changes in identity fraud to gain valuable insights. The study combines internal data with input from internal and external experts, providing well-rounded conclusions on the state of identity fraud in 2023.

About Sumsub

Sumsub is a full-cycle verification platform that secures the whole user journey. With Sumsub’s customizable KYC, KYB, Transaction Monitoring and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.

Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Binance, Mercuryo, Bybit, Huobi, Unlimit, DiDi, Poppy and TransferGo.

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1 A case where seemingly innocent individuals, known as money mules, are recruited to transfer illegally obtained funds, disguising their origin.

2 An instance where individuals are manipulated into going through Know Your Customer (KYC) procedures, for the benefit of fraudsters to for the benefit of fraudsters.

Sumsub’s Identity Fraud Report 2023 explores top fraud types, most vulnerable industries, and more.

Source : APAC Deepfake Incidents Surge 1530% in the Past Year Amidst Evolving Global Fraud Landscape

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DÜSSELDORF, Germany, Nov. 28, 2023 /PRNewswire/ — Rhino Rescue made a strong appearance at Medica in Germany, showcasing the comprehensive range of its latest technologies and products. During the event, more than 20 companies expressed their intention to partner with Rhino Rescue, thereby expanding its global prospects even further. This appearance has presented Rhino Rescue with great opportunities to solidify its leading position in the emergency medical industry.

Picture took from Rhino Rescue’s booth at Medica

Medica attracted top-notch industry leaders and professionals from around the globe, providing a premier platform to delve into crucial topics that propel the medical field forward. These topics span a wide range, encompassing medical tech & devices, digital health, lab & diagnostic, physio tech, and disposables. In the realm of emergency medical services, efficiency is paramount, and Rhino Rescue goes the extra mile by attentively listening to customers and continuously improving their products to deliver exceptional results that create a lasting impression.

One of the standout products showcased at Medica was the Quick-Response Compressed Gauze, a game-changer in the realm of traditional gauze usage. This innovative product allows users to simply open the package from the top and directly pull out the gauze to fill the wound. It revolutionizes the user experience by enabling swift identification and precise placement of the gauze during application. This remarkable advancement greatly enhances convenience and reduces rescue time, providing an invaluable solution in critical situations.

Another highlight of the event was the joint exhibition with Flamor, an esteemed Italian brand. Rhino Rescue showcased its integrated tactical rescue solutions, featuring Flamor’s cart stroller, which offers seamless patient transfer and treatment. The Rhino series, renowned for its exceptional quality, received multiple commendations and recognition from clients. Moreover, Rhino Rescue actively engaged in collaborative discussions that centered on evolving market needs and the development of new products with global experts during the exhibition.

Rhino Rescue Sets the Pace with Swift Product Updates, Quality Assurance, and an Integrated Supply Chain

Rhino Rescue introduces 3-5 new products each year while maintaining a strong focus on quality. All products meet high standards with CE and FDA certifications. With an integrated supply chain, Rhino Rescue ensures meticulous oversight of the manufacturing process. Their primary focus lies in the development of class 2 medical equipment, catering to the unique requirements of healthcare professionals. Embracing a localized approach, Rhino Rescue strives to create tailored solutions for different markets, ensuring optimal effectiveness and customer satisfaction.

"I tried Rhino Rescue a few years ago. As soon as I tried it, I realized that it was a high-quality product. Rhino Rescue is adding new products and actively listening to user feedback, which I love!" said DR. Francisco, an emergency physician in Hungary.

Rhino Rescue remains dedicated to unleashing the power of technology, joining forces with like-minded individuals to save more lives. Together, they strive to make a meaningful impact and create a brighter future for those in need of life-saving assistance.

For more information, please visit https://rhinorescuestore.com/index

Contact: Hui Chen, [email protected] 

Source : Rhino Rescue Expands Horizons at Medica 2023, Exploring New Opportunities in the European Market

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SINGAPORE, Nov. 29, 2023 /PRNewswire/ — Wonder Technologies PTE. LTD ("Wonder Tech" or "the Company"), a leading AI-driven mental health solutions company based in Singapore, has reached a breakthrough in its acoustics-based AI for depression screening. The AI model, which identifies depression through detecting nuanced vocal changes, has reached an industry-leading 83% in detection accuracy, surpassing the 80% threshold required for clinical depression detection. With this milestone, Wonder Tech has proven its potential to enable a scalable and adaptable diagnostic tool to help the one billion people affected by mental health disorders worldwide.

By analyzing a 60-second voice sample, Wonder Tech’s voice AI platform can detect and continuously monitor the risk of mental health conditions, categorized on varying levels of severity, to enable personalized treatment in a clinically reliable and scalable way.

This breakthrough was achieved in collaboration with Prof. John Wong at the National University Hospital (NUH) as well as Singapore’s top psychology and medical research institutes. Wonder Tech also received financial and clinical support from Singapore’s Ministry of Health to scale out the solution with leading mental health institutes.

Wonder Tech’s AI model is unique in that it’s pure acoustics-based rather than language-based. Since it does not rely on the content of speech and only requires a 60-second voice sample, the AI model can effortlessly adapt to virtually all languages while maintaining clinical accuracy. Additionally, the solution is hardware-independent, allowing implementation on consumer-grade smart devices, such as smartphones. These flexible features address the critical issues of adaptability and scalability, significantly improving accessibility to an accurate and immediate depression diagnostic tool.

Depression can cause psychomotor function changes that impair cognitive and vocal cord functions. The effects are often exhibited in pitch, intensity, aspiration, jitter and other characteristics in voice. Wonder Tech’s acoustics-based AI system can accurately assess for depression by detecting these subtle signs (objective biomarkers) using a large AI model with over 300 million parameters.

Wonder Tech’s solution is the first acoustics-based AI model for depression screening trained using multidimensional, clinically validated datasets following the Diagnostic and Statistical Manual of Mental Disorders 5th Edition (DSM-V), which is the gold standard for diagnosis of mental health conditions.

Mental health disorders are prevalent worldwide. By 2030, global loss in productivity for major depressive disorder alone is forecasted to reach US$16 trillion. In the U.S., 21% of adults—nearly one in five—experienced a mental health condition in 2020. Similar trends have been observed in the Middle East, where two-thirds of respondents in a McKinsey Health Institute survey reported poor mental health or a mental health condition diagnosis. To broaden the applications of its solution for greater impact, Wonder Tech is working on adapting its AI model to screen for various disorders, including anxiety, bipolar disorder and schizophrenia.

"Socioeconomic barriers continue to hinder access to treatment for the one billion people experiencing mental health disorders worldwide," said Wendy Wu, Founder and CEO of Wonder Tech. "In Singapore alone, anxiety and depression have been estimated to cost around S$16 billion (US$11.7 billion) in lost productivity annually, the equivalent to 2.9% of the nation’s GDP. Globally, depression and mental health disorders result in a staggering US$1 trillion in lost productivity each year, underscoring an urgent need to improve their care systems."

Depression has been estimated to have a 65% misdiagnosis rate. To resolve this issue, Wonder Tech has introduced its AI system as a B2B Software-as-a-Service (SaaS) to global healthcare facilities and enable hardware integration. The system is currently integrated with online healthcare platforms for early detection of mental health conditions. This ensures care providers can offer effective and timely personalized mental health treatment. It also couples with existing chronic disease prevention and management systems to improve patients’ mental health, especially for cardiovascular disease and cancer patients, to increase the cure rate and decrease claims for insurance providers. This system has received positive feedback from enterprise employee benefit programs, government healthcare programs for remote areas, postpartum depression prevention programs and senior care communities.

Supported by Singapore’s Ministry of Health & Temasek Foundation, Wonder Tech is currently collaborating with SingHealth in a broader piloting program in Singapore. The Company is preparing its solution for global English-speaking populations.

About Wonder Technology

Wonder Tech is a Voice Al platform for mental health. Our biomarker technology empowers full cycle of mental health solutions from screening, monitoring & personalized solutions for healthcare platforms, online hospitals, employee benefit programs, production safety, and insurance providers.

Learn more at www.wondertech.ai.

Media Contact
Frank Yu
[email protected] 

Source : Wonder Tech's Breakthrough in Language Agnostic Voice AI to Bring Scalable Depression Screening to One Billion People Globally

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News Summary: 

Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor. ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network. Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.

LAS VEGAS, Nov. 29, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.

With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.

Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey. 

"Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health."
— Robert Kennedy, VP of AWS Border Network Engineering, AWS

"Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers."
—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland

"Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments."
— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes

For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, "Extending ThousandEyes visibility to the AWS network," November 28 at 3:30 PM – 3:50 PM (PDT)

Availability

The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.

Additional Resources

ThousandEyes Announcement Blog AWS Marketplace: Cisco Cisco at AWS re:Invent 2023 Additional Cisco news at AWS re:Invent

About Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco.
 
Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

Source : Cisco Doubles Down on Network Assurance with AWS

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NOTICE PROVIDED BY I-Tiger Global Investment Management Limited

LOS ANGELES, Nov. 29, 2023 /PRNewswire/ — TAKE NOTICE that a petition for an order that AIRSTREAM INVESTMENT LTD., whose registered office is situated at c/o Hermes Corporate Services Ltd., 5th Floor, Zephyr House, 122 Mary Street, George Town Grand Cayman KY1-1206, Cayman Islands. (the "Company") be put into liquidation and wound up in accordance with the provisions of the Companies Act (2023 REVISION) has been presented to the Grand Court of the Cayman Islands, CAUSE NO: FSD 329 OF 2023 (IKJ).

The petition was presented by I-Tiger Global Investment Management Limited a Cayman Islands Exempted Company, with its registered office at Harneys Fiduciary (Cayman) Limited, 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, George Town, Grand Cayman KY1-1002, Cayman Islands (the "Petitioner"). Copies of the petition and supporting affidavits may be obtained free of charge from the Petitioner’s attorneys, Conyers Dill & Pearman LLP at SIX, Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, Cayman Islands KY1-1111.

The Petition seeks an order that Samuel Cole and Mitchell Mansfield of Kroll (Cayman) Ltd., Strathvale House, 3rd Floor, 90 North Church Street, PO Box 30847, Grand Cayman KY1-1204, Cayman Islands be appointed as official liquidators of the Company.

AND FURTHER TAKE NOTICE that the hearing of the petition will take place on 18th December 2023 at the Law Courts, George Town, Grand Cayman at 9:30 a.m. Any creditor or shareholder of the Company may be heard on the questions whether or not a winding up order should be made and, if a winding up order is made, who should be appointed as joint official liquidator(s) of the Company. Any creditor or shareholder who opposes the appointment of Samuel Cole and Mitchell Mansfield must nominate an alternative qualified insolvency practitioner(s) who consents to act and who has sworn an affidavit complying with the requirements of the Companies Winding Up Rules (2023 Consolidation), Order 3, Rule 4. Any person who intends to appear and be heard on the hearing of the petition shall give at least 3 days’ notice of that person’s intention to the Petitioner’s attorneys.

Source : Notice of petition for winding-up of Airstream Investment LTD.

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SITE OF LAST REMAINING LABORATORY OF ICONIC INVENTOR NIKOLA TESLA

CENTER LAUNCHES $3-MILLION EMERGENCY FIRE RESTORATION FUND DRIVE

SHOREHAM, N.Y., Nov. 28, 2023 /PRNewswire/ — Tesla Science Center at Wardenclyffe (TSCW), the last remaining laboratory of famed inventor Nikola Tesla, was damaged by a serious fire on the afternoon of November 21.

Tesla Science Center at Wardenclyffe, Shoreham, NY, the last remaining laboratory of famed inventor Nikola Tesla, was damaged by a serious fire on the afternoon of November 21, 2023. To help cover fire remediation costs, the Center has launched an international, $3-million Indiegogo fundraising campaign called the "Mission Rebuild" fund: https://igg.me/at/MissionRebuildTSCW.

Situated on a 16.5-acre site on Long Island in New York, the multi-building facility – listed on the National Historic Register — is undergoing a thorough assessment by engineers and local officials to determine the full extent of fire-related damages.

To help cover fire remediation costs, the Center has launched an international, $3-million Indiegogo fundraising campaign called the "Mission Rebuild" fund. (https://igg.me/at/MissionRebuildTSCW)

More than 100 firefighters, from seventeen local fire departments and ambulance corps, had responded to the blaze, which was fully extinguished the next morning.

Center officials had been preparing to commence a $20-million restoration and redevelopment of the historic laboratory complex. The $3-million Indiegogo "Mission Rebuild" fund will be separate from the in-place redevelopment drive.

"Everyone associated with Tesla Science Center owes a tremendous debt of gratitude to the many heroic first responders for their extraordinary courage and determination," said TSCW Executive Director Marc Alessi. "We are immensely grateful for the commitment and bravery of our local firefighters."

The extent of damage is now being assessed by TSCW’s site engineer, the laboratory’s historical architect, a structural engineering firm, and multiple local agencies. Their analysis will help determine the fire’s specific impact on restoration plans.  

"While we were poised to begin a significant renovation and restoration project," Mr. Alessi said, "construction had not yet commenced, sparing us from additional complexities at this stage."

Mr. Alessi expressed relief that the overall structural integrity of the building, dating back to 1901, seemed to have largely withstood the fire’s effects.  

"The public’s support and understanding in these challenging times are invaluable," Mr. Alessi said. "If you’ve been inspired by Tesla ‘s life and career, you can take action by participating in our Indiegogo ‘Mission Rebuild’ fundraising initiative.

"Together, we will navigate this crisis and emerge stronger, honoring the legacy of Nikola Tesla and the spirit of innovation, determination, and resiliency that this center embodies."

Nikola Tesla was the inventor of the motor that distributes alternating current (AC) electricity, and many other innovations. AC electricity serves as the basis for the power grid system, which in turn allowed for the introduction of wi-fi, radio, remote controls, and robotics.

For ongoing updates and further information, please visit  www.teslasciencecenter.org.

About Tesla Science Center at Wardenclyffe

Tesla Science Center at Wardenclyffe (TSCW) is the last remaining laboratory of Nikola Tesla. TSCW first acquired the 16.5-acre property — designed by renowned architect Stanford White — and then initiated a restoration and redevelopment process. The restoration will transform the former working laboratory into a global innovation center, an educational facility, and a museum. 

Contact:

Mark Grossman
Mark Grossman Public Relations
[email protected] or [email protected]
Tel/Text: 631-786-0404

Tesla Science Center at Wardenclyffe, Shoreham, NY, the last remaining laboratory of famed inventor Nikola Tesla, was damaged by a serious fire on the afternoon of November 21, 2023. To help cover fire remediation costs, the Center has launched an international, $3-million Indiegogo fundraising campaign called the "Mission Rebuild" fund: https://igg.me/at/MissionRebuildTSCW.

Source : TESLA SCIENCE CENTER AT WARDENCLYFFE DAMAGED BY SERIOUS FIRE

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LOS ANGELES, Nov. 28, 2023 /PRNewswire/ — Black Friday traditionally has been known as one of the most anticipated shopping events, and it proved to be no different for the laser engraving industry. As a leading provider of laser engraving machines, Monport Laser is proud to announce its outstanding success in achieving millions in sales during the recent Black Friday event. The event, hosted on the company’s website, was met with an overwhelming response from customers, solidifying Monport’s position as a trusted and preferred brand in the industry.

The Monport Black Friday event showcased a wide range of Monport’s cutting-edge laser engravers and accessories, all available at up to 60% off. Customers were able to take advantage of significant discounts and bundle offers, making it an ideal time to invest in high-quality laser engraving and cutting machines.

Resounding Reception for Monport Laser’s Offerings

"We are thrilled with the resounding success of our Black Friday event in the laser engraving industry," said John Doe, CEO of Monport Laser. "Our team’s tireless efforts in creating exceptional products, combined with the remarkable discounts we offered, have undoubtedly resonated with our customers. This achievement reinforces Monport Laser’s standing as an industry leader and we are grateful for the trust placed in our brand."

The company remains committed to achieving 100% customer satisfaction, evidenced by the quality, performance, and precision of its machines. Monport Laser’s products are engineered to reflect the highest standards of safety, with user-friendly designs that are convenient to operate. Whether a hobbyist seeking to unleash their artistic skills or a business looking to ramp up their engraving capabilities, Monport Laser’s offerings are versatile and provide an excellent return on investment.

Ongoing Event – More Opportunities for Customers

In addition to the remarkable success on Black Friday, Monport Laser continues to offer ongoing deals and promotions as part of its extended event. Customers can still take advantage of up to $2500 off and explore the extensive lineup of laser engravers and cutting machines. In addition, When customers purchase any Fiber Laser Engraver or 80W+ CO2 Laser Engraver from Monport Laser, they will receive the opportunity to select two free accessories of their choice or receive a gift card worth $150. With the event still in progress, individuals and businesses can benefit from investing in top-of-the-line equipment at unprecedented prices.

Revealing The Star Laser Engraving Machines Of The Black Friday Event

During the Monport Black Friday event, the 55W Desktop and the GI60 fiber laser cutter emerged as the most sought-after machines. The Monport ONYX 55W Desktop CO2 Laser Cutter with an upgraded rotary axis proved to be a popular choice for hobbyists and commercial applications. This compact and high-quality machine offers powerful performance, ensuring a safer engraving experience and producing impeccable works. It is ideal for those looking to enhance their engraving capabilities without sacrificing space or budget.

On the other hand, the GI Integrated MOPA Fiber Laser gained significant attention from professionals and larger businesses. This advanced laser engraver marking machine boasts cutting-edge design, precise electric focus lifting, and vibrant color-marking capabilities. With options available in 20W, 30W, and 60W models, it offers exceptional marking capability and is fully compatible with LightBurn software.

Both machines offer impressive features and are highly versatile. They demonstrate Monport Laser’s commitment to providing innovative and high-quality engraving solutions that cater to a wide range of customer needs.

Click here to learn more about the ongoing Black Friday event and explore Monport Laser’s full range of products.

Company: Monport Laser

Contact email: [email protected] 

Pre-sales Phone: (+1)332-251-1208 

Monport Laser Website: https://monportlaser.com/ 

Monport Address: Monport Tech Inc. 300 LENORA ST 878, SEATTLE, WA, 98121-2411, UNITED STATES

Source : Monport Laser Experiences Unparalleled Customer Response And Sets New Sales Records During Black Friday

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BEIJING, Nov. 28, 2023 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO) ("HOLO" or the "Company"), a Hologram Digital Twins Technology provider, today announced that its subsidiary is providing CMS for China’s largest new energy vehicle company. By signing the Generalized Streaming Media Control System (CMS) Development Agreement, HOLO is expected to usher in a breakthrough in the new energy vehicle business.

The new energy vehicle company, the largest new energy vehicle company in China, is also the largest new energy vehicle company in the world in terms of sales volume. By October 2023, the new energy vehicle company’s cumulative sales of cars this year have exceeded 2.3 million. The company has sold its products to more than 400 cities in over 70 countries and regions around the world.

According to the agreement, HOLO provides the design and development program of a common (including SG, ESEA, and SU models) streaming media control system. Its main contents are as follows: first, providing hardware and software design solutions for the system, which are divided into solutions for the three modules of camera, controller and display. Second, providing solutions for data analysis, optical analysis, platform-based analysis, system analysis, and imaging analysis. Third, to do the relevant EMC, performance, environment and other tests and delivery in the way satisfied by the new energy vehicle company. Fourth, verify the above solutions together with the company. Fifth, if there is a need to change the condition of the new energy vehicle models (e.g. SG, ESEA, SU), we will cooperate with the vehicle company to complete the change. Sixth, reserve expandable artificial intelligence (AI) functions.

HOLO will provide integrated holographic vision software and hardware solutions for new energy vehicles, including holographic light detection and ranging solutions based on holographic technology, holographic vision point cloud algorithm architecture design, technical hologram solutions, holographic light sensor chip design, and holographic vehicle intelligent vision technology. Providing new energy vehicle companies with holographic advanced driver assistance system (ADA) software and hardware development services. Given this new energy vehicle company is China’s largest company in the field of new energy vehicles, and also acclaimed for the largest sales volume of new energy vehicles in the world, the enterprise has occupied a huge market, which means the cooperation between the two listed company’s will bring positive financial impact on the overall operating income of the two sides.

About MicroCloud Hologram Inc.

MicroCloud Hologram Inc. engages in the research and development, and application of holographic technology. MicroCloud Hologram technology services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems (ADAS). MicroCloud Hologram provides its holographic technology services to its customers worldwide. MicroCloud Hologram also provides holographic digital twin technology services and has a proprietary holographic digital twin technology resource library. MicroCloud holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology.

Safe Harbor Statements

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Source : MicroCloud Hologram Inc. Announced Providing CMS for China's Largest New Energy Vehicle Company

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