HONG KONG, TAIPEI and SINGAPORE, Nov. 2, 2023 /PRNewswire/ — On-us Company Limited ("On-us" or the "Company"), a leading B2B digital voucher solution provider, is proud to announce the successful adoption of its innovative platform at several prestigious events attended by over 1000 guests across the Asia Pacific region. With a focus on seamless on-site interactions and convenient incentives distribution, On-us has elevated the event experience for attendees and organizers alike.

On-us’s platform provided a seamless treat experience through on-site interaction via on-site interaction enabled by On-us’s FinTech.

The recent Apidays Connect Hong Kong 2023 event held at Hong Kong Science Park on 30th Aug 2023 showcased the effectiveness of On-us’s event engagement solution. With over 300 participants in attendance, On-us’s platform provided a seamless treat experience through on-site interaction via on-site interaction enabled by On-us’s FinTech. This interaction provided event-goers with redeemable treats at Starbucks and HFT Life, located within the event venue. The impressive 90% open rate and 70% redemption rate demonstrated the ability to enjoy a free treat during lunch breaks or after the event added a delightful touch to the overall experience for the participants. Dr. Crystal Fok, Head of STP Platform, HKSTP, highlighted the pivotal role of data in enhancing visitor experiences. She stated, "Understanding our visitors on a profound level is vital to enhance their overall experiences. Data holds the key to unlock this potential. By valuing our park companies and embracing data-driven innovations such as On-us, we are committed to continuously elevating visitor engagement and fostering a vibrant atmosphere at Hong Kong Science Park."

Another significant milestone for On-us was the Hong Kong Institute of Human Resource Management (HKIHRM) Annual Conference held at Hyatt Hotel on 8th Sept 2023, which attracted more than 600 Chief Human Resources Officers (CHROs) and HR professionals. As the Technology and Digital Voucher Partner, On-us enabled HKIHRM to deliver multiple treats at once in a seamless and convenient manner. Attendees were delighted to receive Uber and foodpanda vouchers, providing them with flexibility and choice. By simplifying the distribution of sponsorships and event goods, On-us’s solution not only reduced administrative work and logistics but also contributed to a more eco-friendly event.

Ms. Kandy Lui, Executive Director of HKIHRM highlighted On-us’s unique value proposition in enabling event organizers, "On-us has successfully combined scattered sponsorships into an all-in-one e-souvenir, providing a cost-effective solution that significantly eases the burden for our staff during large-scale events. It simplifies the process and enhances the overall event experience for both organizers and attendees."

On-us’s success in Hong Kong extends beyond its borders, as demonstrated by its involvement in the Singapore Women In Treasury APAC Forum. Held at the Four Seasons Hotel, Singapore, the event attracted over 100 finance and banking leaders from Southeast Asia. On-us’s event engagement solution was readily adopted, showcasing its readiness for expansion in the Southeast Asian market.

"We are thrilled to see the positive reception and tangible results of our event engagement solution," said Mr. Dennis Shi, Founder & CEO of On-us, "As we continue to develop and expand our product offerings, we are committed to providing our customers with the best possible experience. Our latest voucher packs solution allows event organizers to deliver multiple digital vouchers at once, streamlining operations and maximizing attendee satisfaction in a cost-effective way, which can be used in promotion, customer and event engagement, staff incentives, lucky draw events and etc."

On-us continues to elevate the event experience through its cutting-edge event engagement solution, offering seamless interactions and treats for participants while reducing the administrative burden on event organizers. As the company looks forward to expanding its presence across Southeast Asia, its dedication to enhancing event engagement remains unwavering.

About On-us Company Limited

On-us Company Limited (On-us) is a leading platform-as-a-service (PaaS) provider that leverages AI to drive business decision-making. We offer incentive-driven digital vouchers, advanced data analytics technology, and integrated AdTech, MarTech, and Membership Tech solutions, helping businesses deliver precise offerings to enhance customer loyalty and drive business growth. Clients include marketers of global financial services providers, people management teams, blue chip property developers, non-profit organizations, event planners and SMEs. For more information, please visit www.on-us.com.

Source : On-us's Event Engagement Solution Gains Momentum in Signature Events held at HKSTP and Grand Hyatt

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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

SINGAPORE, Nov. 2, 2023 /PRNewswire/ — JIOS Aerogel (JIOS) has achieved a significant milestone by securing the first certification of its automotive quality management system (QMS) for its Singapore-based operations. In a ceremony conducted by the international certification body, TÜV SÜD, JIOS was formally awarded the ISO 9001 certificate for its Thermal Blade® plant and Innovation Centre.

Mark Woodruff, Operations Director at JIOS Aerogel, expressed his excitement, stating, "We are delighted to have successfully achieved the first QMS certification for our state-of-the-art Thermal Blade® plant, situated in Singapore’s Jurong industrial precinct. This marks a pivotal milestone as we embark on the commissioning of our cutting-edge, fully automated production lines, dedicated to enhancing the safety and performance of electric vehicle batteries."

James Yen, Senior Quality Manager at JIOS, emphasised the significance of ISO certification for their Singapore sites, marking a vital initial step in their journey towards achieving certification to the automotive standard, IATF 16949. Yen further underscored the rationale behind their selection of TÜV SÜD for auditing and certification, citing their "extensive track record and reputation within the automotive industry as decisive factors in their appointment."

Supporting its certification to the automotive standard IATF 16949, JIOS has engaged the services of QAS-Company AG (QAS), a highly experienced quality management consulting firm based in Munich, Germany. QAS is collaborating closely with WAY Business Solutions GmbH, who serve as JIOS’ project manager, to provide comprehensive support for the planning and execution of JIOS Aerogel’s manufacturing facilities across both Asia and Europe.

Alexander Blab, Chairman of the Board at QAS-Company AG, expressed his enthusiasm for the collaboration. He stated, "We are thrilled to be part of JIOS Aerogel’s journey to expand their management system and achieve certification to IATF 16949. Our team is delighted to contribute our extensive expertise and insights in automotive certification, assisting JIOS in introducing their groundbreaking technology to the rapidly growing electric vehicle components market."

JIOS Aerogel selected Singapore as the inaugural site for its automotive component manufacturing facility, supported by its Innovation Centre, established in 2020.  This state-of-the-art facility is dedicated to producing the company’s groundbreaking Thermal Blade® technology, harnessing the remarkable properties of aerogels to provide superior thermal protection for battery cells. This innovation plays a pivotal role in significantly enhancing both the safety and performance of batteries for electric vehicles (EV) and energy storage.

About JIOS Aerogel

JIOS Aerogel (JIOS) is the world’s leading manufacturer of silica aerogel powder. Headquartered in Singapore, the company was founded in 2013 to pioneer a new process that dramatically lowers the cost of aerogel production. JIOS is on a mission to accelerate the adoption of aerogels to improve the safety and performance of electric-vehicle (EV) batteries. Recognised globally as the premier technology for mitigating thermal runaway in lithium-ion batteries, aerogels provide an ultra-thin insulation layer between battery cells, offering exceptional thermal protection at high temperatures. For more information, visit www.jiosaerogel.com

About QAS-Company AG

The QAS Company AG, founded in 2006, is an independent and practice-oriented consulting company for services in the areas of automotive quality and environmental management, process management and auditing. They accompany their customers with the introduction, maintenance and further development of quality management systems and supports them with process optimization in all related areas. Many of their more than 3,500 successful projects supported globally contracted tier 1 suppliers in achieving the required IATF certifications to prove the outstanding quality of their production processes. www.qas-company.com 

Source : JIOS Aerogel® Achieves First Milestone for the Certification of its Automotive Quality Management System

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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

BANGKOK, Nov. 2, 2023 /PRNewswire/ — Chula medical researchers have developed lightweight and easy-to-use Parkinson’s gloves that can automatically reduce tremors, allowing Parkinson’s Disease patients to enjoy social life and reducing side effects from medication and risk from brain surgery.

Tremors, slowness, stiffness — these are the noticeable symptoms of patients with Parkinson’s disease (PD), especially the hand tremors while resting which are found in 70 percent of patients. These uncontrollable tremors make patients appear disabled and unable to enjoy their daily routines, calling for a caretaker, which lowers their self-esteem and makes them scared to socialize.

The current method of treating Parkinson’s is taking a cocktail of medications, which is mostly unable to reduce all the tremors. Some patients whose tremors are especially strong may need brain surgery, which is an always undesirable option due to its high cost and many side effects. This conundrum has inspired a team of researchers at the Faculty of Medicine, Chulalongkorn University, led by Prof. Dr. Roongroj Bhidayasiri and Asst. Prof. Onanong Phokaewvarangkul, Ph.D. to research and develop the prototype of "tremor-reducing Parkinson’s gloves" since 2014. The product received a patent under the name portable tremor measuring and reducing device using electrical muscle stimulation in January 2017. Many research articles have been published in international medical journals to support the efficiency of the device. The team has now succeeded in developing the "5th generation tremor-reducing Parkinson’s gloves" which are lightweight, easy to wear, and effective, not to mention cheaper than similar imported device. 

 "The tremor-reducing Parkinson’s gloves are the first medical device that can help reduce tremors in the hands of PD patients through automatic electric stimulation of the hand muscles. We hope this will help reduce the tremors for the patients without having to increase the dosage of their medication unnecessarily and reduce the risk of brain surgery," discussed Asst. Prof. Dr. Onanong in connection with the significance of the innovation for Parkinson’s disease.

Currently, there are over 10 million PD patients around the world and approximately 150,000 patients in Thailand. It is estimated that for every 100 elderly people (aged 60 and over), there is one with Parkinson’s disease!

"As we move further into the aging society, the number of PD patients will only increase. Our estimation predicts an increase of 2-3 times in the future."

Asst. Prof. Dr. Onanong added that the rise of PD patients will affect the socioeconomic status and the treatment methods in the country’s public health system. If the PD patients are of working age, their quality of life and performance will be affected, as well as the financial status of their families. On the other hand, elderly patients with Parkinson’s disease will face many other health issues from age, including poor balance, difficulty walking, and stiff muscles. Other health-related problems may also follow such as falling, which could lead to injuries or broken bones, causing them to potentially become bedridden. All of these have an impact on the methods of treatment, budget, and wellbeing of both the patients and the family, as well as the country’s public health system.

How does the tremor-reducing Parkinson’s glove stimulate the hand muscles to lessen shaking?

In 2014, a research team led by Asst. Prof. Dr. Onanong succeeded in developing the prototype model of Parkinson’s gloves that can detect the tremors in the hands of the patients and automatically use electric current to stimulate the hand muscles to reduce the tremors.  

Asst. Prof. Dr. Onanong explained that the automatic tremor-reducing Parkinson’s gloves operate by combining 2 systems as follows: 

1.  Detecting and measuring Parkinson’s tremors using an accelerometer and a gyroscope, which are highly accurate and low in error risk. Parkinson’s tremors measure at 4-7 Hz.

2.  Suppressing tremors with electrical stimulation of the hand muscles — when the sensors detect Parkinson’s-specific tremors, they will transmit a signal via Bluetooth to the muscle stimulator to release an electric current that will reduce the tremors from a small battery. The muscle stimulator uses the physiotherapy standard resistance, frequency, and electric current, which are safe for use with patients. 

Asst. Prof. Dr. Onanong explained that one set of the Parkinson’s gloves includes 3 main components: (1) a glove with the muscle stimulator installed, (2) a control panel for detecting tremors and releasing electric current, and (3) a mobile phone with an application to control the device and store the tremors and stimulation. The device’s uses will be stored on the phone’s memory or a computer with a program to analyze the tremors in detail. All 3 components of the Parkinson’s gloves will automatically work together via Bluetooth.

6 Highlights of Tremor-Reducing Parkinson’s Gloves

From its prototype of a noticeably large glove, today the 5th generation tremor-reducing Parkinson’s gloves have developed into a pleasant-looking, small, lightweight device, which resembles a palm strap to make it look less like a medical device. Asst. Prof. Dr. Onanong has summed up the advantages of the latest Parkinson’s gloves as follows:

1.  They are safe in detecting and noticeably reducing tremors in the hand.

2.  They are lightweight and easy to wear.

3.  The production cost is low compared to medication and surgery.

4.  The device is an alternative treatment that can reduce the side effects of using multiple medicines or the need to add more treatments to reduce tremors.

5.  The device can automatically record the patient’s tremors, which can be immediately sent to a doctor online for regular treatment evaluation.

6.  The gloves can be used to reduce tremors in the hand from other conditions as well.

"The patient needs to always wear the glove to stimulate the hand muscles with electric current. If the device is turned off, the tremors will return. Most PD patients usually have other abnormalities in motion such as slowness or stiffness, forcing them to take Parkinson’s disease medicine. However, the tremors are found only when the patient reacts negatively to medication. Therefore, using the tremor-reducing gloves will prevent the patient from having to take more medication to control the tremors and having to risk brain surgery," explained Asst. Prof. Dr. Onanong.

Support Research, Reduce Production Costs, and Increase Quality of Life for PD Patients

Although devices to reduce PD patients’ hand tremors are available in other countries, they are mostly very expensive. Also, there are no similar devices backed up by medical research, but Chulalongkorn’s Parkinson’s gloves are accompanied by clinical research which has been published in international medical journals. The cost of production of the gloves is also lower than the imported ones. Currently, the production cost is around 30,000 – 40,000 baht per set.

"The team would like to show our gratitude for the continuous support in the research from many organizations, which has made the development of the tremor-reducing Parkinson’s gloves possible. We have received funding from Chulalongkorn University, the government, and the private sector, as well as other benefactors who donated money to sponsor the development of this device for patients, giving them more access to the treatment with these gloves," said Asst. Prof. Dr. Onanong.

Currently, the tremor-reducing Parkinson’s gloves have been given to over 50 Parkinson’s disease patients at King Chulalongkorn Memorial Hospital and have proven to be effective.

Plans for Next-Generation Parkinson’s Gloves

Chula’s Parkinson’s gloves were awarded the National Innovation Award in Society and Environment (Private Sector) 2022 from the National Innovation Agency (Public Organization), the Ministry of Higher Education, Science, Research, and Innovation. Even so, the research team remains committed to developing more useful and practical innovations for patients.

"In the future, the team plans to develop the gloves to be smaller and better looking. They won’t look like a medical device, but more like an accessory or part of the outfit. Still, they will retain the efficiency in reducing tremors, the stability of electrical current, and the ease of data upload. More development will include detection and reduction of tremors in other parts of the body, such as the legs, as well as tremors stemming from other diseases." 

Finding Co-Investors to Produce the Gloves for PD Patients

Right now the tremor-reducing Parkinson’s gloves are limited to only patients at King Chulalongkorn Memorial Hospital. The Excellence Center for Parkinson’s Disease & Related Disorders is receiving patients to test the device. If the device works well for the patient, the Center will gladly sponsor the device for the patient’s continuous use.

Asst. Prof. Dr. Onanong mentioned that the tremor-reducing Parkinson’s gloves innovation is ready to be introduced to patients at large. They are welcoming potential entrepreneurs to help develop the device further before commercial production so that PD patients will best benefit from medical devices.

Contact Information for Individuals Interested in Tremor-Reducing Parkinson’s Gloves

The Parkinson’s glove is a medical device that can be used as an additional treatment option for reducing tremor in Parkinson’s Disease, especially with hand tremor. Patient will be instructed to wear the glove on the hand which had the most troublesome tremor and use the glove mainly at the daytime. However, the glove need to be adjusted once time for individual patients before using, therefore, at this time, the glove is still available for patient who reside in Thailand or patient who be able to come for testing the glove at The Excellence Center for Parkinson’s Disease & Related Disorders, King Chulalongkorn Memorial Hospital, Bangkok, Thailand. 

So parkinson’s disease patients both in and out of Thailand who have hand tremors and need to use tremor-reducing Parkinson’s gloves, please contact Miss Panthira Kuwattanasuchati via [email protected], she can help you to make your appointment to us in case you would like to test the glove at our center.

For the full release and more images, please visit: https://www.chula.ac.th/en/highlight/109695/

About Chulalongkorn University

Chulalongkorn University has made the world’s top 50 university list for employment outcomes, which reflects both the high employment rate and work ability of Chula graduates. The university is also listed as the best in Thailand for the 15th Consecutive Year (since 2009), according to the newly released QS World University Rankings 2024, putting Chula at 211th in the world, up from 244th last year.

Social Media:

Facebook: https://www.facebook.com/ChulalongkornUniversity

Youtube: https://www.youtube.com/chulauniversity

Linkedin: https://www.linkedin.com/school/15101896/

Source : Chula Launches the Latest Parkinson's Gloves to Reduce Tremors

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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

Strategic partnership enables regulated institutional custody support for Cardano native assets in the Web3 space

SINGAPORE, Nov. 2, 2023 /PRNewswire/ — EMURGO Group Pte. Ltd. ("EMURGO"), a global blockchain technology company that provides products and services to drive Web3 adoption of the Cardano blockchain, today announced its strategic partnership with Matrixport’s qualified institutional custodian, Cactus CustodyTM.

EMURGO Partners with Matrixport’s Cactus CustodyTM for Institutional-Grade Custody Solutions

Orchestrated by EMURGO, this partnership with Cactus CustodyTM aims to deliver regulated, institutional-grade custody solutions for Cardano native assets, serving a burgeoning community of Web3 developers, decentralized application (dApp) users, and enterprises.

Cactus CustodyTM, holding SOC-2 certification and a license from Hong Kong’s Trust and Company Service Providers Unit, currently safeguards digital assets across more than 30 blockchains for over 300 institutional clients.

Ken Kodama, CEO of EMURGO, said, "The Cardano ecosystem is bigger than ever with millions of native tokens already created and more to come as our community continues to expand year-over-year. EMURGO is excited to have Cactus Custody join the Cardano ecosystem and provide an institutional-grade custodial solution for enterprises and other users to safeguard their Cardano native assets."

Wendy Jiang, Head of Cactus CustodyTM, said, "The partnership presents a tremendous opportunity to contribute to the vibrant Cardano ecosystem. Given the remarkable growth and sophistication of Cardano native assets, enterprises, developers, and users will require proven yet adaptable institutional-grade custody solutions that can scale with evolving needs. Our collaboration with EMURGO to provide fully compliant and robust custodial services reflects our ongoing commitment to invest and keep pace with the dynamic blockchain industry."

Cardano’s architecture uniquely includes native assets or multi-asset support, enabling frictionless transactions without requiring smart contracts. This feature streamlines user fees and simplifies the development process for developers building on Cardano. According to intelligence platform Santiment, Cardano is at the forefront of network development activity, and as of October 2023, 8.93 million Cardano native tokens have been created. [1]

Cactus CustodyTM leverages advanced HSM cryptography to nullify key security vulnerabilities, fortifying its position as a trusted leader in institutional-grade custody solutions. By partnering with EMURGO, Cactus CustodyTM enriches its service offerings to include secure custody for Cardano’s native assets, underscoring its commitment to innovation in the dynamic Web3 arena.

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About EMURGO

EMURGO is a global blockchain technology company and a founding entity of the Cardano blockchain. EMURGO provides products and services to drive the adoption of Cardano’s Web3 ecosystem via education, investment, and infrastructure development.

Based in Singapore, EMURGO has a roster of global clients & partners. To connect and learn more, visit https://emurgo.io.

About Cactus Custody

Established in 2019, Cactus CustodyTM is the qualified institutional custodian brand of Matrixport, one of the world’s leading digital asset financial services ecosystem.

The mission of Cactus CustodyTM is to provide the digital era with secure, transparent, and efficient institutional custodial services. Built with enterprise-grade crypto management features and value-added financial services backed by cutting-edge system security design and infrastructure that cater for a wide range of business scenarios, Cactus CustodyTM is safeguarding billions of dollars of digital assets for 300 institutional clients.

We provide services to the world’s largest and most renowned mining companies, mining pools, cloud mining platforms, exchanges, funds and OTC dealers, supporting our clients to grow and scale in a secure way.

Besides the technology, Cactus CustodyTM is a qualified custodian and a Hong Kong Trust Company that meets the capital reserve requirement and acts within regulatory and AML guidelines.

For more information, please visit: https://www.mycactus.com/en

Source : EMURGO Partners with Matrixport's Cactus CustodyTM for Institutional-Grade Custody Solutions

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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

SINGAPORE, Nov. 2, 2023 /PRNewswire/ — UPS (NYSE: UPS) has announced the appointment of Wilfredo "Wil" Ramos as the company’s new Asia Pacific president. Ramos succeeds Michelle Ho, who retired after more than 30 years of service at UPS.

Ramos now leads all aspects of UPS’s small package business across the company’s extensive Asia Pacific network. He also oversees UPS’s global brokerage, customer solutions and global revenue operations.

"Wil is an innovative and growth-oriented leader with a global mindset and a proven record of delivering business results by putting our customers and people first," said Kate Gutmann, President International, Healthcare and Supply Chain Solutions. "His strong international business acumen and laser focus on service is going to be a real asset for our customers in Asia."

Ramos returns to Asia after three years in the Americas, first as president of UPS Latin America, then as president of Americas, global brokerage, customer solutions and global revenue operations.

"I began my journey with UPS in Latin America, but I grew up in Asia," said Ramos, who previously spent six years at the company’s regional headquarters in Singapore where he held leadership positions in finance and strategy. "While trade in the region is experiencing some headwinds, we can’t ignore the enormous growth potential that exists for Asian businesses of all sizes, especially in the healthcare, e-commerce and manufacturing sectors."

"My team and I look forward to building on the investments that have made us successful in the region. We’ll also look to expand our product and service offerings so our customers can build the resilient supply chains they need to succeed."

Earlier this year, UPS released a study that shows that the value of trade between the largest economies in Asia Pacific could be worth 13.5 trillion U.S. dollars by 2030. To view and download the complete UPS Intra-Asia Study visit: https://about.ups.com/sg/en/our-stories/customer-first/ups-intraasia-study.html

About UPS

UPS (NYSE: UPS) is one of the world’s largest companies, with a 2022 revenue of $100.3 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, "Moving our world forward by delivering what matters," the company’s more than 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. UPS also takes an unwavering stance in support of diversity, equity and inclusion. More information can be found at www.ups.com, www.about.ups.com and www.investors.ups.com.

Source : UPS NAMES WILFREDO RAMOS ASIA PACIFIC PRESIDENT

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Foundry Lab, a leading innovator in advanced manufacturing technologies, is thrilled to announce a major milestone in collaboration with Eaton Corporation that marks a significant leap forward in the realm of prototyping and additive manufacturing.

FRANKFURT, Germany, Nov. 2, 2023 /PRNewswire/ — Foundry Lab today announced its collaboration with global power management company Eaton. Harnessing the speed of microwave and additive manufacturing, Foundry Lab was able to cast parts for Eaton in weeks, not months. Eaton leveraged the Digital Metal Casting System to cast aluminium parts that include stainless steel pins, a technological advancement that is not possible with traditional 3D printing, placing Foundry Lab’s technology at the forefront of innovation.

This milestone highlights the flexibility of Foundry Lab’s casting technology and the success of their recent United States expansion. Eaton was an early member of Foundry Lab’s evaluation program, giving them a preview of the technology.

"Eaton is often faced with the challenge of applying AM to legacy applications because changing the process and/or material is too big of an engineering hurdle," says Cameron Peahl, Additive Manufacturing Manager at Eaton’s Additive Manufacturing Center of Excellence, "In this example, Foundry Lab’s technology provides a solution for us to leverage the speed and agility of Additive while maintaining the conventional casting method and material, even including the cast-in-place steel pin. This is a huge step forward in our AM journey."

"Working with Eaton to produce these parts has been an incredible opportunity. It is an exemplary showcase of what our system can achieve," says David Moodie, Founder and CEO of Foundry Lab. "Eaton’s application was typical of the pain that industry is currently facing. Many components can’t be 3D printed and are prohibitively expensive and slow to cast with traditional methods. This is the problem that our technology is here to fix."

This news comes in the wake of many recent initiatives and accomplishments of the company, including:

Foundry Lab is accepting orders for their Digital Metal Casting system at Formnext in Frankfurt 7-10th November  Recent US expansion including opening a state of the art demonstration centre in Fremont California Development of their Evaluation Program, enabling potential customers to witness the technology before it is publicly available

To learn more about Foundry Lab, click here to visit their website.

About Foundry Lab

Foundry Lab debuted its category-defining Digital Metal Casting technique at Formnext 2022 (Germany). At this year’s show, the startup will be taking orders for the first stage commercial version of the technology that will enable manufacturers to produce metal parts on-demand, in-house at a fraction of the cost, time and climate impact of a traditional foundry.

Disclaimer: Availability of pre-orders is solely at the discretion of Foundry Lab.  Eaton Corporation carries no responsibility for the availability nor delivery of pre-orders accepted by Foundry Lab.

Source : Foundry Lab Announces Ground-breaking Development Effort with Eaton

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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

MUMBAI, India, Nov. 2, 2023 /PRNewswire/ — Instarem, a leader in cross-border payment solutions, introduces the return of its digital remittance services in India. This strategic re-entry into the Indian market aims to deliver an unparalleled remittance experience, with a primary focus on catering to the unique requirements of students and individuals seeking convenient and affordable overseas education payments.

Instarem has been serving customers in India since 2018. However, due to a directive of the Reserve Bank of India to SBM Bank, it paused its operations temporarily in early 2023, along with many other remittance providers in the region.

The Instarem brand, returning to India, is powered by Nium-Forex, an established, regulated provider of financial products and services in India.

Driven by a mission and commitment to make Money Simple for its users, the new solution offered by Instarem (powered by Nium-Forex) focuses on removing the pain points faced by individuals and students in particular, who are trying to find a hassle-free and cost-effective way to finance their education overseas.

A major hurdle that many individuals face with remittances for education, is funding a German blocked account or Canadian GIC account (a necessity if you wish to study in these countries), which is a service provided by only a handful of banks. Instarem (powered by Nium-Forex) is the first remittance provider that streamlines this process by enabling users to directly deposit funds into these accounts, removing unnecessary obstacles.

Furthermore, banks frequently impose transaction limits that can restrict users. The new solution liberates its users from these limitations, enabling them to make large payments of up to 1,90,00,000 Rupees annually, without the necessity of splitting the payment into numerous transactions. This not only simplifies the process, but also makes it more economical for their customers.

In its relaunch, Instarem (powered by Nium-Forex) revolutionises convenience by providing an entirely digital experience. Users can securely and conveniently send funds from the comfort of their own space, eliminating the need to make time-consuming trips to physical locations. This means no more frustrating hours spent in traffic or queuing up at banks or remittance centers, making the entire experience smoother, more efficient, and hassle-free.

With its upgraded service, Instarem (powered by Nium-Forex) continues to maintain its commitment to providing competitive exchange rates, guaranteeing that users benefit from superior value when compared to traditional banks. The outcome is a smooth and economical remittance solution that places the convenience and peace of mind of its users as the top priority.

Discussing the relaunch, Yogesh Sangle, Global Head of Instarem, said, "We’re thrilled to bring back our remittance services in India, powered by Nium-Forex. We understand that sending money abroad from India can be tough, and it’s our unwavering commitment, in line with our mission to make Money Simple, to ensure it becomes easy for our customers. Our relaunch reaffirms our strong dedication to serving the needs of our Indian users, giving them a straightforward, cost-effective and exceptionally efficient way to send money internationally and invest in their education."

To celebrate its relaunch, Instarem is extending a special offer of 500 Rupees off, to customers making their first transaction and is also holding a contest on their social media channels, giving away Cricket World Cup tickets to matches that will be held in India in October and November.

About Instarem:

Instarem is a global digital cross-border payments platform that enables individuals and businesses to send, spend, and receive money internationally. With a mission to simplify the complexities of cross-border transactions, Instarem provides innovative solutions that empower SMEs and individuals to transcend traditional financial boundaries. Instarem is a brand operated by Nium Pte. Ltd. and its subsidiaries globally.

About Nium Forex

Nium Forex is a regulated provider of financial products and services, as an AD-II licensee (Authorised Dealer in Foreign Exchange – Category II). It is a subsidiary of Nium Pte. Ltd., and part of the Nium Group – a leading global payments company and the first B2B payments unicorn in South-East Asia. With Nium Forex you can buy and sell foreign currency, get prepaid forex cards, and transfer money to 60+ countries easily and securely. 

For more information about Instarem, please visit www.instarem.com.

Source : Instarem Relaunches Overseas Payments Services in India, Empowering Users with a Convenient and Affordable Solution for International Education Payments

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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