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THE FOURTH EDITION OF THE 1000 MIGLIA WARM UP U.S.A. IS HERE

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1000 Miglia Warm Up USA, in the Washington DC area

FIVE-STAR HOSPITALITY, 1000 MIGLIA-STYLE SPORTING ACTIVITIES, SPECIALIZED TRAINING AND UNIQUE SCENERY FOR THE RED ARROW’S U.S. EVENT

MIDDLEBURG, Va., Nov. 1, 2023 /PRNewswire/ — Everything is ready for the start of the 1000 Miglia Warm Up USA, the event in the Washington DC area designed to consolidate the 1000 Miglia brand in the United States and prepare foreign crews for the sporting part of the Race held in Italy.

 


1000 Miglia Warm Up USA, in the Washington DC area

 

There are two categories of cars: 1000 Miglia Era Car Class and Post 1000 Miglia Era Car Class. The first includes examples and models that participated in the 1000 Miglia speed race as well as those produced in the same timeframe and with historical and sporting value. The second includes Sports, Grand Touring or Super Cars produced since 1958 in their original configuration. Two categories also for crews, Veteran and Novice.

Today’s opening day will be dedicated to crew training. On the Summit Point circuit, they will learn the rules of Italian regularity races and test the workings of pressure switches on the track. The best crew in the Time and Average Trials on the circuit and Road book navigation from Summit Point to Middleburg will be awarded the Micro 1000 Miglia trophy.

Tomorrow, November 2, the Coppa USA starts, a three-leg, 500-plus Mile competition that will have the Salamander Resort and the town of Middleburg as its base.

During the first race day, crews will drive through Shenandoah National Park and tackle a series of Time Trials along the roads of Barboursville Vineyards, an enchanting estate in the Virginia countryside. After an Italian-style lunch, the restart to drive the 150 kilometers to the leg finish. On Friday, November 3, the first part of the day will end at the Beverly Equestrian horse training facility and the afternoon will be devoted to the Middleburg Trophy, a 1 vs. 1 challenge in the heart of the small Virginia town.

Saturday, November 4, the closing in Washington, D.C. After lunch at the Congressional Country Club in Bethesda, Maryland, the cars will enter the heart of the Capital by skirting the Lincoln Memorial, United States Capitol and White House and parade on Italian soil at the Embassy of Italy in Washington before the last sector of the race to Middleburg.

Info 1000miglia.it 

 

 

 

Source : THE FOURTH EDITION OF THE 1000 MIGLIA WARM UP U.S.A. IS HERE

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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

Turnitin Advances Academic Integrity with Launch of iThenticate 2.0 and New Similarity Report

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AI-powered capabilities and enhanced features anticipate market needs, deliver insights about use of AI writing tools and create a seamless user-experience

OAKLAND, Calif., Nov. 2, 2023 /PRNewswire/ — Turnitin, a leading provider of technology solutions in academic integrity, today announced the launch of iThenticate 2.0 and a newly redesigned Similarity Report across its core integrity products. iThenticate 2.0 checks more than 14 million documents annually and is used by over 1500 top publishers globally to screen scholarly works and manuscripts against 97 percent of the top 10,000 cited journals. The new Similarity Report preview will be enabled for all iThenticate 2.0, Originality Check, Similarity and Originality customers, providing actionable insights for faster, targeted feedback that support academic integrity.

"We often hear from the education community that too much time is spent determining if written work has been plagiarized or produced with generative AI tools," said Annie Chechitelli, chief product officer, Turnitin. "iThenticate 2.0 and the new Similarity Report address those concerns by providing clear and actionable insights to educators that support meaningful student conversations. Turnitin is committed to investing time and resources into continuous innovation, rooted in responsiveness to customer feedback, enhanced user experience and our ability to proactively address market needs."

iThenticate 2.0 – Significant updates to iThenticate 2.0 create a more seamless user-experience, including: 

Access to AI Writing insights: supports identification of AI-generated text, helping users preserve the integrity of high stakes content. Following the free preview, AI writing insights will be available with an upgraded license. Updated Similarity Report: helps the research community to focus on specific forms of research misconduct, including text recycling and redundant or duplicate publication. Enhanced collaboration features: enables research teams to create user groups that work together fluidly, providing access to carefully selected file sets and folders throughout the review and editing process, and expediting multiple rounds of approvals Improved exclusion capabilities: refines exclusion capabilities, allowing reviewers to dynamically discount different matches within a writing submission to produce a more precise and accurate similarity score.  New  flags panel: helps identify deliberate text manipulation, such as replaced or hidden characters that may have been used in an effort to bypass similarity algorithms. 

To learn more about iThenticate 2.0, read our recent blog post 

The new Similarity Report has been redesigned with an intuitive interface and new categorization of match types, making it easier for instructors to interpret the report and leverage the data as a formative learning tool to strengthen academic writing skills and facilitate meaningful conversations with students. 

The new Similarity Report features includes: 

New match categories: leverages AI-powered capabilities to group matches based on citations and quotations, providing at-a-glance details about the types of text overlap detected in their report. Integrated AI writing detection capabilities: enables AI capabilities to be seamlessly integrated within the report to help identify when AI writing tools such as ChatGPT may have been used in a submission. Following the free preview, AI writing detection capabilities will be available with an upgraded license. Newly redesigned interface: provides an intuitive interface, in-app guidance, mobile-friendly options, and support for assistive technologies. More insightful integrity checks: helps educators to quickly discern between intent and teachable moments, freeing up more time for meaningful and tailored feedback that addresses students’ specific needs.

Availability

Enhanced Similarity Report features will be rolled out to customers through Turnitin Originality, Originality Check and Turnitin Similarity licenses, and is in beta for Turnitin Feedback Studio and Turnitin Feedback Studio with Originality.    

Press contact
[email protected] 

About Turnitin
Turnitin is a global company dedicated to ensuring the integrity of education and meaningfully improving learning outcomes. For 25 years, Turnitin has partnered with educational institutions to promote honesty, consistency, and fairness across all subject areas and assessment types. Turnitin products are used by educational institutions and certification and licensing programs to uphold integrity and increase learning performance, and by students and professionals to do their best, original work.

Over 16,000 academic institutions, publishers, and corporations use Turnitin services: Gradescope by Turnitin, iThenticate, Turnitin Feedback Studio, Turnitin Originality, Turnitin Similarity, ExamSoft by Turnitin, ProctorExam, and Ouriginal.

Logo – https://mma.prnasia.com/media2/2001658/Turnitin_v1_Logo.jpg?p=medium600

Source : Turnitin Advances Academic Integrity with Launch of iThenticate 2.0 and New Similarity Report

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I-Mab Announces Poster Presentations of 4-1BB Bispecific Antibody Portfolio at SITC 2023

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ROCKVILLE, MD, U.S. and SHANGHAI, China, Nov. 1, 2023 /PRNewswire/ — I-Mab (Nasdaq: IMAB) (the "Company"), a global biotechnology company focused on bringing highly differentiated medicines to patients around the world through the discovery, development, and commercialization of novel immunotherapies and biologics, today announced that two poster presentations featuring preclinical data on givastomig (also known as TJ-CD4B/ABL111) and TJ-L14B/ABL503, the Company’s 4-1BB-targeting bispecific antibody assets, will be reported at the 38th Society for Immunotherapy of Cancer’s (SITC) Annual Meeting, taking place November 1-5, 2023, in San Diego, California.

The full text of the abstracts has been released on the SITC website, and the posters will be available on the Company’s website following the conclusion of SITC 2023. Details of the poster presentations are as follows:

Title:

Givastomig, a novel Claudin18.2/4-1BB bispecific antibody, exerts bystander tumor-killing and synergistic anti-tumor activity with therapeutics in 1L/2L treatment for gastric cancer

Poster #:

792

Presenter:

Dr. Xuejun Liu, I-Mab

Date/Time:

Saturday, November 4, 2023

9:00 a.m. – 8:30 p.m. Pacific Time (12:00 p.m. – 11:30 p.m. Eastern Time)

Full abstract

https://jitc.bmj.com/content/11/Suppl_1/889

 

Title:

ABL503 (TJ-L14B), PD-L1×4-1BB bispecific antibody, reinvigorates exhausted tumor-infiltrating CD8+ T cells and synergizes with PD-1 blockade

Abstract ID:

845

Presenter:

Dr. Jaeho Jung, ABL Bio

Date/Time:

Friday, November 3, 2023

9:00 a.m. – 7:00 p.m. Pacific Time (12:00 p.m. – 10:00 p.m. Eastern Time)

Full abstract

https://jitc.bmj.com/content/11/Suppl_1/944

About Givastomig

Givastomig, also known as TJ-CD4B/ABL111, is a bispecific antibody designed to bind to Claudin 18.2 (CLDN18.2) as a tumor engager and 4-1BB as a conditional T-Cell activator. It binds to tumor cells expressing various levels of CLDN18.2, i.e., gastric cancer and pancreatic cancer cells, and conditionally activates intra-tumoral T cells at the tumor site through the 4-1BB arm. Givastomig appears to effectively maintain a strong tumor binding property and anti-tumor activity attributable to a synergistic effect of both CLDN18.2 antibody and 4-1BB antibody while avoiding or minimizing liver toxicity and systemic immunotoxicity commonly seen with 4-1BB antibodies as a drug class. Being developed under collaboration between I-Mab and ABL Bio, a clinical-stage biotechnology company in South Korea, givastomig is currently being investigated in a Phase 1 clinical study in the U.S. and China. In March 2022, the U.S. Food and Drug Administration (FDA) granted Orphan Drug Designation for givastomig for the treatment of gastric cancer, including cancer of the gastroesophageal junction.

About TJ-L14B/ABL503

Being developed jointly with ABL Bio (Kosdaq: 298380, hereafter "ABL"), TJ-L14B/ABL503 is a differentiated PD-L1-based bispecific antibody with the PD-L1 arm as the tumor-dependent T-cell activator and the 4-1BB arm as the conditional T cell activator upon tumor engagement. Using ABL’s "Grabody-T" bispecific antibody platform technology, TJ-L14B/ABL503 stimulates 4-1BB activation only in the presence of PD-L1 expressing tumor cells to minimize the risk of off-tumor toxicity. Preclinical studies have demonstrated that the bispecific antibody shows better anti-tumor activity than equimolar doses of single agents alone or in combination. A Phase 1 study is currently being conducted in the U.S. and South Korea.

About I-Mab

I-Mab (Nasdaq: IMAB) is a global biotechnology company focused on bringing highly differentiated medicines to patients around the world through the discovery, development, and commercialization of novel immunotherapies and biologics. I-Mab’s innovative pipeline is driven by internal R&D’s Fast-to-Proof-of-Concept, Fast-to-Market development strategies, and through global partnerships. For more information, please visit https://www.i-mabbiopharma.com and follow us on LinkedInTwitter, and WeChat.

I-Mab Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding data from clinical studies of givastomig or TJ-L14B, the potential implications of clinical data for patients, and I-Mab’s advancement of, and anticipated clinical development, regulatory milestones, and commercialization of givastomig or TJ-L14B. Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including but not limited to I-Mab’s ability to demonstrate the safety and efficacy of its drug candidates; the clinical results for its drug candidates, which may not support further development or NDA/BLA approval; the content and timing of decisions made by the relevant regulatory authorities regarding regulatory approval of I-Mab’s drug candidates; I-Mab’s ability to achieve commercial success for its drug candidates, if approved; I-Mab’s ability to obtain and maintain protection of intellectual property for its technology and drugs; I-Mab’s reliance on third parties to conduct drug development, manufacturing and other services; I-Mab’s limited operating history and I-Mab’s ability to obtain additional funding for operations and to complete the development and commercialization of its drug candidates; and the impact of the COVID-19 pandemic on the Company’s clinical development, commercial and other operations, as well as those risks more fully discussed in the "Risk Factors" section in I-Mab’s most recent annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in I-Mab’s subsequent filings with the US Securities and Exchange Commission. All forward-looking statements are based on information currently available to I-Mab, and I-Mab undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

I-Mab Contacts

Investors

Media

Tyler Ehler

Gigi Feng

Senior Director, Investor Relations

Chief Communications Officer

[email protected]

[email protected]

 

Source : I-Mab Announces Poster Presentations of 4-1BB Bispecific Antibody Portfolio at SITC 2023

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Puyi Fund and Puyi Standard Achieved Strategic Cooperation to Create A New Investment Ecosystem For Financial Institutions

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GUANGZHOU, China, Nov. 1, 2023 /PRNewswire/ — Puyi Fund, a subsidiary of Puyi Group (NASDAQ: PUYI), and the leading Chinese research and development institution in asset management and wealth management, Puyi Standard, achieved strategic cooperation to comprehensively enhance the quality of investment research services. The parties will embark on empowering financial institutions with a full-service investment capability and creating a new ecosystem for investments in financial institutions.

Puyi Fund is an independent third-party fund sales organization under Puyi Group, with a fund sales business license issued by the China Securities Regulatory Commission. To meet the asset allocation needs of financial institutions, Puyi Fund has developed an intelligent off-exchange fund trading system called "Puyi Institution Master". The system aims to provide institutional investors with personalized trading functions, diverse product portfolios, and systematic investment and research systems, delivering a more professional, efficient, and intelligent trading experience.

Relying on the basic research support from the Institute of Trust and Financial Management of the Southwestern University of Finance and Economics, Puyi Standard is committed to creating value for cooperative organizations and enhancing the efficiency of the asset management market by integrating modern data technology and financial technology. Puyi Standard was the first to build and continuously update, expand, and maintain the largest all-encompassing asset management database in China, and holds several core and patented technologies in the areas of deep mining of financial data and financial intelligence.

Puyi Fund and Puyi Standard will work together on the "Puyi Institution Master" platform and offline services. Leveraging Puyi Standard’s financial database, "Puyi Institution Master" enhances the research section and deepens the data reports of the bank finance zone, providing more professional and clearer banking finance data for financial institutions. Relying on Puyi Standard’s research team, "Puyi Institution Master" will further optimize research reports for the entire asset management line, providing more professional financial reports for financial institutions in trust, fund, and asset management plans. In terms of customized investment research services, Puyi Fund and Puyi Standard launched in-depth cooperation in various aspects, such as consulting services, regional research reports, investment education services, etc., to continuously improve the investment experience of wealth management institutions, accelerate the investment efficiency, and empower wealth management institutions’ own operation and business development.

With the cooperation with Puyi Standard, Puyi Fund’s investment and research expertise and the quality of financial data services will be significantly enhanced. Through the comprehensive combination of digital services and professionally customized services, Puyi Fund is able to better meet the diversified needs of financial institutions. The cooperation will further enhance Puyi Fund’s influence in the financial market and enhance its competitiveness in the field of financial institution services.

About PUYI
Headquartered in Guangzhou, China, Puyi is a leading third-party wealth management service provider in China focusing on affluent and emerging middle class population. Puyi provides a series of comprehensive financial asset allocation services including wealth management services, asset management services, insurance consulting services, trust consulting services and ancillary services for clients.

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

Source : Puyi Fund and Puyi Standard Achieved Strategic Cooperation to Create A New Investment Ecosystem For Financial Institutions

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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

WiMi Developed Steady State Visual Evoked Potential Based Flight Control System

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BEIJING, Nov. 1, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it developed a flight control system (FCS) based on steady state visual evoked potentials (SSVEP) was developed. SSVEP acts as a frequency-specific EEG signal that can be triggered by stimulating the blinking frequency of an LED. Combining SSVEP with the visual stimulation panel of the UAV provides an intuitive and natural method of control for the user.

WiMi’s SSVEP-based FCS is derived from the brain-computer interface (BCI), which translates brain signals into actual machine control. SSVEP is widely used in this innovative technology as an important electroencephalographic signal. SSVEP works by setting up an LED visual stimulation panel on the drone, which utilizes flashing LEDs at different frequencies to trigger specific frequencies of brain waves, thus realizing precise control of the drone.

The key aspects of the whole system are signal acquisition and transmission. First, the EEG signal acquisition system captures the brain waves from the subject’s head through an electrode array, which is a non-invasive method with low cost, high utility and portability. Next, the SSVEP triggers brain waves of specific frequencies by stimulating the blinking of LEDs, and these signals are amplified and converted into digital signals, which are processed by a signal processing computer and transmitted to a wireless transmission signal module.

The WiMi SSVEP-based FCS consists of five main components:

EEG signal acquisition system: This system utilizes an electrode array to non-invasively capture the subject’s brain waves. This non-invasive method of data acquisition greatly enhances user convenience and comfort.

Visual stimulus panel: This is the core part of the system, which triggers SSVEP through the flashing frequency of LEDs. Different frequencies of LEDs are used for different flight control commands, such as left turn, forward turn, right turn, and so on.

Signal processing computer: The signal processing computer is responsible for converting the captured EEG signals into digital signals and performing real-time signal processing and analysis. It decodes the user intent from the EEG signals and translates it into specific control commands for the UAV.

Wi-Fi 6E wireless transmission signal module: This module transmits the processed signals to the UAV wirelessly. the application of Wi-Fi 6E ensures high-speed and stable signal transmission, providing a solid foundation for the real-time and reliability of the system.

Drone: The drone receives control signals from the signal module and realizes various flight actions based on the user’s EEG intentions, making it intuitive and easy to control the drone.

The WiMi’s SSVEP-based FCS not only applies brain-computer interface technology, but also introduces SSVEP as a means of control in the field of drone manipulation, breaking through the traditional manipulation mode. The development of this technology will enable ordinary people to easily control drones without the need for a specialized technical background, thus expanding the range of drone applications. This technology will not only give rise to new business opportunities, but also accelerate the convergence of artificial intelligence, neuroscience and robotics.

In terms of the commercialization and application prospects of the technology, the SSVEP-based FCS has great market potential. On the one hand, the technology can lower the control threshold of UAVs to a whole new level, enabling more people to control UAVs with ease, thus expanding the application fields of UAVs. On the other hand, the technology also has a wide range of application prospects in virtual reality, medical rehabilitation and other fields, which is expected to create brand new business opportunities.

The WiMi’s SSVEP-based FCS involves several key aspects, ranging from the acquisition of EEG signals to the actual manoeuvring of the UAV, and the implementation process of the technology is as follows:

EEG signal acquisition: First, EEG signals need to be acquired from the subject’s head. This step is usually accomplished by placing an array of electrodes on the scalp. The electrodes will record the electrical activity in the brain via SSVEP. Since SSVEP is an EEG signal that is synchronized with the frequency of the visual stimulus, it is necessary to set up different frequencies of visual stimuli in the experiment.

Visual stimulation panel design: To trigger SSVEP, a visual stimulation panel needs to be designed with LEDs mounted on it. each LED emits a light signal of a specific frequency, which is used to stimulate the brain to produce brain waves of the corresponding frequency. For example, LED A may flash at 15 Hz, while LED B flashes at 20 Hz, and so on.

Signal processing and parsing: When a subject gazes at an LED of a specific frequency, the brain generates brain waves synchronized with that frequency. The captured EEG signals need to be signal processed and parsed to extract the brainwave information associated with the LED frequency. This step requires precise algorithms and real-time performance to ensure accurate parsing of the user’s intent.

Control command generation: The parsed brainwave information will be converted into actual control commands. Depending on the frequency of the user’s gaze LED, the system will generate the corresponding flight control commands, such as left turn, forward turn, right turn, etc. This step requires an accurate mapping between EEG signals and UAV control commands.

Signal transmission and UAV control: The generated control commands will be transmitted to the UAV through the wireless transmission signal module. The UAV receives the control commands and realizes the corresponding flight actions according to the commands. This requires efficient communication and real-time performance to ensure that the commands are transmitted quickly and accurately to the UAV control system.

Real-time feedback and optimization: In order to improve the accuracy and user experience of the system, the system also needs to provide a real-time feedback mechanism. Users can get feedback on the status of the UAV during operation to help them better grasp the flight situation. At the same time, data is collected through the actual use of the user to continuously optimize the algorithm and system performance and achieve continuous improvement of the technology.

User interface and ease of use: The SSVEP-based FCS user interface enables users to intuitively understand the operation process and status of the system to ensure that the system is easy to use and user-friendly.

WiMi’s SSVEP-based FCS is not only limited to UAV maneuvering, but also has a wide range of applications in other fields. For example, this technology can be applied in the field of virtual reality (VR) and augmented reality (AR) to realize a more natural and intuitive user interaction experience. Users can control objects and environments in the virtual world through EEG signals, further expanding the possibilities of VR.

WiMi’s SSVEP-based FCS still faces some technical challenges in practical applications. The acquisition and parsing of EEG signals is one of the key issues. Since EEG signals are susceptible to disturbances, such as muscle activity and environmental noise, more precise signal processing algorithms are needed to improve the accuracy and stability of the system.

In the future, as BCI technology continues to evolve, WiMi’s SSVEP-based FCS is expected to achieve higher performance and a wider range of applications. More compact and comfortable EEG signal acquisition devices may emerge, enabling users to use the system more conveniently. Meanwhile, advances in signal processing algorithms and AI technology will further enhance the system’s intelligence and adaptivity.

WiMi’s development of SSVEP-based FCS is not only an integration of BCI and UAV, but also an active exploration of future technological innovation. By solving technical challenges, optimizing system architecture, and developing solutions suitable for applications in different fields, companies can bring unique and innovative contributions to this field and drive the accelerated development of the UAV control revolution. At the same time, cooperation and exchanges with other fields will provide more possibilities for technological upgrades and help human society move towards a smarter and more convenient future.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source : WiMi Developed Steady State Visual Evoked Potential Based Flight Control 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

KPS CAPITAL PARTNERS RAISES $9.7 BILLION

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$8.0 BILLION KPS SPECIAL SITUATIONS FUND VI AND
$1.7 BILLION KPS SPECIAL SITUATIONS MID-CAP FUND II

NEW YORK, Nov. 1, 2023 /PRNewswire/ — KPS Capital Partners, LP ("KPS") announced today final closings of KPS Special Situations Fund VI ("Fund VI") and KPS Special Situations Mid-Cap Fund II ("Mid-Cap Fund II") were simultaneously held on October 25, 2023. Fund VI and Mid-Cap Fund II, with $9.7 billion in aggregate capital commitments, will continue KPS’ over 25-year focus on making control investments in highly complex corporate carve-outs, turnarounds, restructurings and other special situations.

Fund VI and Mid-Cap Fund II were oversubscribed with aggregate capital commitments over 36% greater than their predecessor funds with $7.1 billion in aggregate capital commitments.

Michael Psaros and David Shapiro, Co-Founders and Managing Partners of KPS, said, "We are humbled by the demand from the global investment community for Fund VI and Mid-Cap Fund II. We thank so many of the world’s leading institutional investors for their trust and support of our firm.

The success of this fundraise demonstrates the long-term partnership we established with our investors over decades. We are pleased to have the continued support of our returning limited partners and to welcome many new limited partners. With investors from 30 countries, our investor base reflects the global nature of our firm and its portfolio companies.

We are proud of our ability to create real value by seeing value where other investors do not, buying right and making businesses better – across decades, industries, and financial, business and economic cycles. We believe our success and strong investment returns over 25 years are attributable to the tenure and continuity of our partnership, the strength of our core investment team and our operations-focused investment strategy."

Raquel Palmer, Co-Managing Partner and Chair of KPS’ Investment Committee, added, "We have $13.6 billion of equity capital to invest across our KPS platform today. We raised Fund VI and Mid-Cap Fund II at precisely the right time, in precisely the right market and look forward to aggressively capitalizing on the immense investment opportunity to come."  

The Fund VI investment team will be managed by Co-Managing Partners Michael Psaros, David Shapiro and Raquel Palmer, and Partners Jay Bernstein, Ryan Baker, Kyle Mumford and Rahul Sevani, who together lead a team of experienced and talented professionals.

Mid-Cap Fund II will focus on investments in the lower end of the middle market that generally require less than approximately $200 million of initial equity capital. KPS Mid-Cap targets the same type of investment opportunities and utilizes the same investment strategy that KPS’ flagship funds have for over 25 years. KPS Mid-Cap leverages KPS’ global platform, reputation, track record, infrastructure, best practices, knowledge and experience. The Mid-Cap Fund II investment team will be managed by Partners Pierre de Villeméjane and Ryan Harrison, who lead a team of experienced and talented professionals.

Kirkland & Ellis LLP served as legal counsel to Fund VI and Mid-Cap Fund II.

About KPS Capital Partners, LP

KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $21.6 billion of assets under management (as of June 30, 2023, pro forma for the final close of Fund VI and Mid-Cap Fund II).1 For over three decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS creates value for its investors by working constructively with talented management teams to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. The KPS Funds’ portfolio companies currently generate aggregate annual revenues of approximately $20.4 billion, operate 223 manufacturing facilities in 26 countries, and have approximately 48,000 employees, directly and through joint ventures worldwide (as of September 30, 2023). The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com.

_____________________________________

1 Assets under management ("AUM") or capital under management is comprised of AUM as of June 30, 2023 plus additional uncalled capital commitments as of October 25, 2023.

 

Source : KPS CAPITAL PARTNERS RAISES $9.7 BILLION

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Pushing Data Storage Boundaries: Cervoz Debuts M.2 2230 (A+E key) NVMe SSD for Edge AI in Ultra-Compact PCs

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Cervoz introduces the T425 SSD, the perfect solution for compact fanless PCs requiring peak performance. The new NVMe PCIe Gen3x2 SSD, designed with a sleek M.2 2230 (A+E keys) form factor, delivers high data transfer speeds and storage capacities up to 512GB. It is tailored to meet the increasing needs of today

TAIPEI, Nov. 1, 2023 /PRNewswire/ — Cervoz Technology, a leading provider of industrial-grade storage and memory solutions, is proud to introduce the T425 SSD, supporting a wide temperature operating range of -40°C to 85°C. The T425 is available in the M.2 2230 (A+E key) form factor and complies with PCIe Gen 3 and NVMe 1.3 across two PCIe lanes. It has been meticulously designed for fanless embedded PCs and motherboards engineered to meet the demands of edge AI applications.


Cervoz introduces the T425 SSD, the perfect solution for compact fanless PCs requiring peak performance. The new NVMe PCIe Gen3x2 SSD, designed with a sleek M.2 2230 (A+E keys) form factor, delivers high data transfer speeds and storage capacities up to 512GB. It is tailored to meet the increasing needs of today’s edge AI and computing applications.

The Power of Small: Evolution of Data Storage
With the growing demand for edge AI and edge computing applications, the designs of fanless embedded PCs and motherboards have become increasingly compact.  Ranging from Mini-ITX to Pico-ITX (measuring just 100mm × 72mm), these small form factor boards are required to deliver high computing power and diverse I/O options to meet multimedia requirements. Another crucial consideration is data storage; optimizing it within this limited space is paramount in this trend.

Introducing the Cervoz T425 SSD: Unleash Power in a Tiny Package
To embrace this remarkable trend, Cervoz presents the latest T425 family, a new M.2 2230 NVMe PCIe Gen3 x2 SSD. Designed with a compact M.2 2230 form factor (22mm x 30mm), it supports both A and E key configurations and utilizes PCIe Gen3 x2 lanes for data transfer efficiency. With impressive sequential speeds of up to 815 MB/s for reading and 760 MB/s for writing, along with storage capacities of 64GB, 128GB, and 512GB, the T425 family stands as the ultimate solution to enhance the performance of ultra-compact fanless PCs with space constraints.

Enhance Performance and Expand Capacity
Cervoz’s new T425 SSD, stands out with its compact M.2 2230 form factor, is an ideal choice for ultra-compact fanless PCs requiring exceptional computational capabilities. It also provides an effective solution for expanding storage capacity when existing storage falls short.

By installing the T425 in the M.2 2230 A and E key socket, initially designed for Wi-Fi/BT connectivity on the motherboard, you can bypass storage and physical space limitations. Furthermore, harnessing the PCIe signals significantly boosts read and write speeds, thereby enhancing overall system performance.

Temperature Flexibility and Advanced Features for Demanding Environments
Besides its standard operating temperature range, the T425 family offers advanced options to accommodate extended temperature requirements (-40°C to 85°C), addressing the needs of compact systems in diverse environments. Furthermore, the T425 is endowed with remarkable features. Experience unmatched data protection with its End-to-End Data Protection, ensuring the security of your valuable information from start to finish. The inclusion of SLC write cache technology guarantees swift performance, enabling seamless data transfers and efficient file handling. Additionally, the T425 boasts Dynamic Thermal Throttling capabilities, adeptly handling heat generation to maintain peak performance under strenuous workloads.

Experience Unmatched Power and Efficiency with Cervoz T425 SSD
When compactness matters, Cervoz T425 delivers! Break free from storage limitations and unlock the true potential of your systems with the T425 SSD. Discover the difference in performance and efficiency. For more information, please visit www.cervoz.com or contact [email protected].

About Cervoz
Headquartered in Taiwan, Cervoz Technology supplies embedded components for the industrial PC market. The company has nearly two decades of experience designing and developing high-performing memory and storage solutions for industrial applications.

Contacts
Media: [email protected]
Sales: [email protected]

Source : Pushing Data Storage Boundaries: Cervoz Debuts M.2 2230 (A+E key) NVMe SSD for Edge AI in Ultra-Compact PCs

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TelePIX, South Korean Startup, Signs Deal to Provide Earth Observation Imagery Data from its BlueBon Satellite

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The model of TelePIX

SEOUL, South Korea, Nov. 1, 2023 /PRNewswire/ — TelePIX, a pioneering South Korean space startup, announces its recent agreement with Polish space company, SatRev, to supply satellite imagery data. This groundbreaking deal marks the first time that South Korea is exporting observational imagery data from its proprietary satellite.


The model of TelePIX’s nanosatellite ‘BlueBon’ scheduled to be launched in the next year

The contract was formalized during a ceremony held at the International Astronautical Congress (IAC) held in Baku, Azerbaijan, on October 6. The event saw participation from both companies and prominent representatives from the South Korean Ministry of Science and ICT, the Korea Aerospace Research Institute, the Polish Ministry of Economic Development and Technology, and the Polish Space Agency.

The core of this agreement is TelePIX’s commitment to provide satellite imagery data, specifically focusing on "Blue Carbon" from its in-house designed and built satellite, the "BlueBon." This compact 6U-class nanosatellite is scheduled to launch in 2024, delivering 3.8-meter optical observation satellite imagery data.

Founded in 2019, TelePIX specializes in developing optical payloads for Earth observation and software for satellite imagery data analysis. Notably, TelePIX is gearing up to introduce a groundbreaking service in 2024- the world’s first Blue Carbon observation, which plays a pivotal role in capturing carbon within the marine ecosystem. The observation of Blue Carbon will leverage TelePIX’s cutting-edge satellite image-based super-resolution quantitative detection technology, focusing on marine floating algae.

Arongsae Kwon, the COO of TelePIX, shared the company’s ambitious vision. TelePIX is actively engaged in developing a next-generation Earth observation satellite capable of monitoring greenhouse gases, including carbon dioxide and methane. The goal is to have this satellite fully developed by 2025. Furthermore, Kwon mentioned ongoing negotiations for exporting solutions centered around the analysis of climate change data related to greenhouse gases, utilizing a fusion of various multimodal data collected from greenhouse gas observation satellites.

For more information about TelePIX, a member company of Global Digital Innovation Network (formerly known as Born2Global Centre), and their innovative satellite technology, please visit www.telepix.net

Source : TelePIX, South Korean Startup, Signs Deal to Provide Earth Observation Imagery Data from its BlueBon Satellite

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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