Zoom to Acquire Kites GmbH

Kites Team to Help Enhance Zoom’s Machine Translation Capabilities

SAN JOSE, Calif. and KARLSRUHE, Germany, June 29, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it has signed a definitive agreement to acquire Karlsruhe Information Technology Solutions – Kites GmbH (“Kites”), a start-up dedicated to developing real-time Machine Translation (“MT”) solutions. The terms of the transaction were not disclosed.

Kites was founded in 2015 and has academic roots with Karlsruhe Institute of Technology, where co-founders Dr. Alex Waibel and Dr. Sebastian Stüker are faculty members. Kites’ talented team of 12 research scientists will help Zoom’s engineering team advance the field of MT to improve meeting productivity and efficiency by providing multi-language translation capabilities for Zoom users.

“We are continuously looking for new ways to deliver happiness to our users and improve meeting productivity, and MT solutions will be key in enhancing our platform for Zoom customers across the globe,” said Velchamy Sankarlingam, President of Product and Engineering at Zoom. “With our aligned missions to make collaboration frictionless – regardless of language, geographic location, or other barriers – we are confident Kites’ impressive team will fit right in with Zoom.”

“Kites emerged with the mission of breaking down language barriers and making seamless cross-language interaction a reality of everyday life, and we have long admired Zoom for its ability to easily connect people across the world,” said Dr. Waibel and Dr. Stüker. “We know Zoom is the best partner for Kites to help advance our mission and we are excited to see what comes next under Zoom’s incredible innovation engine.”

Dr. Stüker and the rest of the Kites team will remain based in Karlsruhe, Germany, where Zoom looks forward to investing in growing the team. Zoom is exploring opening an R&D center in Germany in the future. Dr. Waibel will become a Zoom Research Fellow, a role in which he will advise on Zoom’s MT research and development.

Forward-Looking Statements
This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 related to Zoom’s acquisition of Kites that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the transaction, our development of our MT solutions, our ability to integrate the Kites team, and potential growth opportunities. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. These assumptions, uncertainties and risks include that, among others, the possibility that the anticipated benefits of the transaction are not realized when expected or at all, division of management’s attention from ongoing business operations and opportunities, potential adverse reactions or changes to business or employee relationships, the ability to integrate Kites successfully, and other factors that may affect future results of Zoom. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our most recent filings with the Securities and Exchange Commission (the “SEC”), including our quarterly report on Form 10-Q for the quarter ended April 30, 2021. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

About Zoom
Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for individuals, small businesses, and large enterprises alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

About Kites
Karlsruhe Information Technology Solutions – Kites GmbH is a start-up company founded in 2015 by Dr. Sebastian Stüker and Dr. Alex Waibel with the express purpose of transforming the latest research in speech translation technology into viable products. Kites’ mission is breaking down language barriers and making seamless cross-language interaction a reality of everyday life. Kites aims to provide custom services to its customers in order to provide technology and services that fit and are operated and maintained at the necessary quality levels.

Zoom Press Relations
Colleen Rodriguez
Global Media Relations Lead
press@zoom.us

Zoom Investor Relations
Tom McCallum
Head of Investor Relations
investors@zoom.us

Aratek unwraps 4-4-2 ten-print scanner for large-scale jobs

TAIPEI, June 29, 2021 /PRNewswire/ — Aratek recently launched the A900 ten-print fingerprint scanner designed specifically for heavy-duty use in large-scale implementations.

The ARATEK A900 is the FBI Appendix F FAP 60 certified ten print 4-4-2 live fingerprint scanner built for the toughest and most massive of jobs. This IP65 rated portable unit comes a built-in 2.8” LCD screen plus a speaker which combine to give users a step-by-step audio-visual walkthrough of the entire enrollment, verification & identification processes.

The A900 is rated for superior image quality that exceeds strict standards set by the FBI for the use of Live-scan System (Rolls, plain & 4-finger) & Identification Flats (4-4-2 flats).

The newest Aratek fingerprint scanner is an FBI Appendix F certified FAP 60 device that comes in a rugged IP65 enclosure rendering it impervious to dust and moisture. This makes the A900 the ideal fingerprint solution in all conditions, working smoothly as it does even in the harshest of environments.

“With the pandemic forcing businesses and governments to give the digital-first strategy a serious thought, identification and authentication will continue to provide the security underpinning for this move towards complete digitalization,” noted Samuel Wu, Aratek’s VP for International Business Division.

Wu adds that in high-growth regions such as Africa, the A900 is well-positioned to be the backbone of digital identity solutions for applications that will soon become all-digital such as Finance & Banking, National ID, Voter registration, Census, Law Enforcement, e-Passport & VISA.

“Digital identity is reshaping business and governance in Africa and is making a real difference in people’s lives. In Togo, authorities found innovative uses for the new biometric digital ID card, expanding its usefulness from its traditional use as a voter ID into something that greatly facilitates the distribution of aid during the lockdown. Citizens only need to present their existing digital ID to get financial assistance. What can be more convenient than that?” Wu said.

The A900 features a built-in 2.8″ LCD screen plus a speaker which combine to give users a step-by-step audio-visual walkthrough of the entire enrollment process (sequence, position, enroll success & enroll fail, etc.).

Security is a strong suit of the A900, which uses AES-256 encryption to ensure fingerprint data is not compromised in transit as well as Live Finger Detection (LFD) to prevent fraud through spoofing.  The A900 also supports ISO19794-2, ISO19794-4, ANSI 378, ANSI 381 and WSQ to enable data interoperability across agencies.

The durable platen on the A900 is built to reject residues and is able to capture excellent images from any finger type — dirty, dry, moist or rough.

The A900 comes with a comprehensive SDK in line with Aratek’s strong emphasis on development and integration, supporting sequence checking, NFIQ fingerprint image quality check and slap fingerprint segmentation for 4-4-2 fingerprint acquisition.

About Aratek

Aratek is a global leader in the biometrics and securities industry. We dedicate to provide cost-effective products and tailored solutions. We enable governments, educational institutions, banks, and many other industries to become increasingly efficient. With our sophisticated end-to-end product portfolio ranging from fingerprint modules/scanners to biometric mobile terminals to facial recognition terminals, Aratek is here to provide real-world solutions to real-world problems.

Related Links:

https://www.aratek.co

Photo – https://mma.prnewswire.com/media/1549681/Aratek_A900_4_4_2_FBI_FAP60_Ten_print_Live_Fingerprint_Scanner.jpg

 

Aratek dévoile un décadactylogramme 4-4-2 pour des projets à grande échelle

TAIPEI29 juin 2021 /PRNewswire/ — Aratek a lancé récemment l’A900, un lecteur d’empreintes digitales faisant figurer les dix doigts, conçu spécialement pour une utilisation intensive dans des applications à grande échelle.

The ARATEK A900 is the FBI Appendix F FAP 60 certified ten print 4-4-2 live fingerprint scanner built for the toughest and most massive of jobs. This IP65 rated portable unit comes a built-in 2.8” LCD screen plus a speaker which combine to give users a step-by-step audio-visual walkthrough of the entire enrollment, verification & identification processes.

L’A900 a été conçu pour fournir une qualité d’image supérieure qui dépasse les normes strictes établies par le FBI pour l’utilisation de systèmes Livescan (rouleaux, capacité de capture simple et 4 doigts) et de jeux d’empreintes plaquées (empreintes plaquées 4-4-2).

Le lecteur d’empreintes digitales le plus récent proposé par Aratek est un dispositif FAP 60 (Fingerprint Acquisition Profile – profil d’acquisition d’empreintes digitales) certifié par le FBI (annexe F). Il est protégé par un boîtier robuste IP65, anti-poussière et qui le rend imperméable à l’humidité. Cela fait de l’A900 la solution d’empreintes digitales idéale dans toutes les situations, même dans les environnements les plus difficiles.

« Avec la pandémie obligeant les entreprises et les gouvernements à réfléchir sérieusement à la mise en œuvre prioritaire d’une stratégie numérique, l’identification et l’authentification continueront à fournir le fondement de sécurité pour cette progression vers la numérisation complète », a commenté Samuel Wu, vice-président d’Aratek pour la division des affaires internationales.

Samuel Wu a ajouté que, dans les régions à forte croissance comme l’Afrique, l’A900 était bien positionné pour constituer l’épine dorsale des solutions d’identité numérique pour les applications qui deviendraient bientôt entièrement numériques comme les finances et les banques, l’identification nationale, l’inscription des électeurs, le recensement, l’application de la loi, le passeport électronique et les visas.

« L’identité numérique transforme les échanges commerciaux et la gouvernance en Afrique et fait une réelle différence dans la vie de nos concitoyens. Au Togo, les autorités ont découvert des utilisations novatrices de la nouvelle carte d’identité numérique biométrique, s’écartant de son utilisation traditionnelle comme pièce d’identité de l’électeur pour l’employer à d’autres fins, comme lors du confinement, où elle a permis de faciliter grandement la distribution de l’aide. Les citoyens n’ont qu’à présenter leur carte d’identité numérique pour obtenir une aide financière. Qu’y a-t-il de plus pratique que cela? », a déclaré Samuel Wu.

L’A900 est doté d’un écran ACL intégré de 2,8″ et d’un haut-parleur qui se combinent pour offrir aux utilisateurs un survol audio-visuel, étape par étape, de l’ensemble du processus d’inscription (séquence, poste, succès d’inscription et échec d’inscription, etc.).

La sécurité est une caractéristique importante de l’A900, qui utilise le chiffrement AES-256 afin de garantir que les données dactyloscopiques ne sont pas compromises en transit, ainsi que la détection des empreintes digitales en temps réel (LFD, Live Finger Detection) pour prévenir la fraude par usurpation d’identité. L’A900 prend également en charge les normes ISO19794-2, ISO19794-4, ANSI 378, ANSI 381 et WSQ pour permettre l’interopérabilité des données entre les organismes.

Le plateau durable de l’A900 est conçu pour rejeter les résidus et est capable de capturer d’excellentes images de tout type de doigt : sale, sec, humide ou rugueux.

L’A900 est livré avec un SDK complet, en ligne avec l’attention particulière que porte Aratek au développement et à l’intégration, au soutien de la vérification de séquences, au contrôle de la qualité d’image d’empreinte NFIQ et à la segmentation d’images multi-doigts (slaps) pour l’acquisition d’empreintes 4-4-2.

À propos d’Aratek

Aratek est un leader mondial dans le secteur de la biométrie et des valeurs mobilières. Nous nous engageons à fournir des produits rentables et des solutions sur mesure. Nous permettons aux gouvernements, aux établissements d’enseignement, aux banques et à de nombreuses autres industries de devenir de plus en plus efficaces. Avec sa gamme de produits de bout en bout, sophistiqués, allant des modules/scanners d’empreintes digitales aux terminaux mobiles biométriques et aux terminaux de reconnaissance faciale, Aratek fournit des solutions concrètes aux problèmes du monde réel.

Liens connexes :

https://www.aratek.co

Photo – https://mma.prnewswire.com/media/1549681/Aratek_A900_4_4_2_FBI_FAP60_Ten_print_Live_Fingerprint_Scanner.jpg

Nikkiso Clean Energy & Industrial Gases Group Announces Formation of Nikkiso Clean Energy & Industrial Gases (SEA) Sdn. Bhd in Malaysia

TEMECULA, Calif., June 29, 2021 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is proud to announce the creation of Nikkiso Clean Energy & Industrial Gases (SEA) Sdn. Bhd. effective 1st July 2021. This company represents the combining of our two Malaysia business units: Cryogenic Industries and Cryoquip in a new joint facility.

This merger represents another step forward in the Group’s overall corporate growth strategy, emphasizing their ability to provide both global and regional support for sales and service. The name change emphasizes the support and strength of the larger Group; Clean Energy is the growth engine and Industrial Gases the core foundation.

The new, larger facility provides a strong support structure for future growth. Ideally placed within the region to support their key customers and provide an additional focus on clean energy, the 56,400 square foot facility is twice the size of their previous center. It has an improved capacity for loading flow and manufacturing for vaporizers, vacuum lines, process skid fabrication and assembly, refurbishment work, as well as pumps parts and service. In addition, it offers opportunities for sharing resources with other Nikkiso group companies (supporting Nikkiso Cryo or for fabrication of LEWA SEA and/or Geveke Malaysia skids).

According to Tim Born, the Vice President of Nikkiso CE&IG for South East Asia and Oceania;

“This new facility will provide a one-stop shop for the Nikkiso CE&IG Group’s cryogenic process equipment, installations and services. The amalgamation of our two businesses in Malaysia and the willingness to expand our facility and capabilities highlights our Group’s commitment to this region. Our new facility will provide timely local support for our complete range of products and services, and I look forward to working together with our customers and our talented local Nikkiso CE&IG team to provide the products and services this growing region needs.”

Nikkiso CE&IG (SEA) is responsible for business in South East Asia, namely Malaysia, Singapore, Thailand, Indonesia, Philippines, Myanmar, Vietnam, Brunei, Laos and Cambodia, as well as Taiwan, Bangladesh and Pakistan, and provides support to the Middle East, India, Africa and Australia.

Contact Information:

Nikkiso Clean Energy and Industrial Gases (SEA) Sdn. Bhd. 199601016333
(formerly known as Cryoquip Sdn. Bhd. 388684-P)
Lot 862, Jalan Subang 8, Taman Perindustrian Subang
47600 Subang, Selangor, Malaysia

Tel: +60 3 8081 8330
Fax: +60 3 8081 8360
Email: sales.sea@nikkisoceig.com Website: www.nikkisoCEIG.com

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly-controlled group of approximately 20 operating entities.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

Graduate Management Admission Council Recebe Novos Membros no Conselho

Novas adições refletem a perspectiva diversificada e global da comunidade de faculdades de business

RESTON, Va., June 28, 2021 (GLOBE NEWSWIRE) — O Graduate Management Admission Council™ (GMAC™ – Conselho de Admissão de Gestão de Pós-Graduação), uma associação global de principais faculdades de pós-graduação em business, anunciou hoje a adição de quatro novos membros ao seu conselho de administração. Katy Montgomery, Reitora Associada, Programas de Graduação, INSEAD; François Ortalo-Magné, Reitor da London Business School; e Giuseppe Soda, Reitor da SDA Bocconi School of Management, Bocconi University, começarão seus mandatos em 1º de julho. Além disso, Yuan Ding, Vice-Presidente e Reitor da China Europe International Business School (CEIBS), foi nomeado diretor do conselho em janeiro deste ano para preencher o lugar vago por Enase Okonedo da Pan-Atlantic University.

“O novo conselho de administração do GMAC representa as principais faculdades de business com campi localizados em 10 países em toda a Europa, Ásia, América do Norte, África e Oriente Médio”, disse Sangeet Chowfla, presidente e CEO do GMAC. “Com o retorno da mobilidade estudantil no mundo pós-pandemia, estou pronto para trabalhar ao lado deste grupo diversificado de líderes – e do resto do conselho do GMAC – para continuar a avançar a visão do GMAC para garantir que todos os indivíduos talentosos possam se beneficiar da melhor educação empresarial possível.”

Novos Membros do Conselho do GMAC

Yuan Ding, Vice-Presidente e Reitor, Cathay Capital Chair em Ciências Contábeis, CEIBS

Yuan Ding é Vice-Presidente e Reitor e Professor de Ciências Contábeis da Cathay Capital Chair no CEIBS, onde foi homenageado três vezes com o Prêmio de Excelência de Ensino do CEIBS. Antes de ingressar no CEIBS, ele foi membro do corpo docente da HEC School of Management, Paris, França. Ele é membro da European Accounting Association, French Accounting Association e American Accounting Association. É doutor em Ciências Contábeis pelo Institute of Enterprises Administration da University Montesquieu Bordeaux I, França, bem como mestre em Administração de Empresas pela University of Poitier, França. Ding é autor de vários livros sobre relatórios financeiros e sua pesquisa é publicada nas principais revistas acadêmicas.

Katy Montgomery, Reitora Associada, Programas de Graduação, INSEAD

Como Reitora Associada de Programas de Graduação do INSEAD, Montgomery é responsável pela liderança comercial do portfólio de Programas de Graduação do INSEAD em quatro campi: Fontainebleau, Cingapura, Abu Dhabi e São Francisco. Ela é responsável pela estratégia, marketing, vendas, admissões, ajuda financeira e bolsas de estudo, operações do programa, vida estudantil, serviços psicológicos e serviços de carreira. Antes de ingressar no INSEAD, ela foi Reitora Associada de Desenvolvimento Estudantil na Johns Hopkins Carey Business School. Montgomery é formada em Ciências Políticas pela Loyola University New Orleans e Juris Doctor pelo Georgetown University Law Center.

François Ortalo-Magné, Reitor, London Business School

François Ortalo-Magné é o nono reitor da London Business School (LBS), cargo que ocupa desde agosto de 2017. Ele lidera uma estratégia focada em (1) pesquisa acadêmica e seu impacto, (2) inovações de aprendizagem e engajamento de ex-alunos e (3) inclusão, lutando pela paridade de gênero e maior diversidade socioeconômica e étnica. Desde que assumiu o cargo, Ortalo-Magné liderou o relançamento da marca LBS, o crescimento de programas de graduação e um aumento significativo do apoio filantrópico às bolsas de estudo. Sua pesquisa sobre a economia dos mercados de terra e habitação foi publicada nas principais revistas acadêmicas. Ele se baseou na sua experiência com pesquisa e liderança para aconselhar uma ampla gama de empresas privadas, governamentais e multilaterais, e compartilha seus insights nos principais meios de comunicação e em conferências em todo o mundo. Antes da sua nomeação, Ortalo-Magné foi o Reitor do Albert O. Nicholas e Professor do Robert E. Wangard de Imóveis da Wisconsin School of Business. Sua primeira nomeação acadêmica foi na London School of Economics.

Giuseppe Soda, Reitor, SDA Bocconi School of Management, Bocconi University

Giuseppe “Beppe” Soda é Reitor da SDA Bocconi School of Management e Professor Titular de Teoria da Organização e Análise de Redes da Bocconi University. Antes de se tornar Reitor em 2016, ele atuou como Reitor Associado de Pesquisa (2007-2013), Diretor do Departamento de Gestão e Tecnologia (2013-2016) e Chefe de Organização e Departamento de GRH (2001-2006). Ele também pertence à EFMD como membro do Conselho de Acreditação da EQUIS. A pesquisa de Soda investiga as consequências do desempenho da interação entre arquiteturas organizacionais e redes organizacionais e seu trabalho foi publicado em periódicos de alta gestão acadêmica.

Além dos membros do conselho recém-eleitos acima mencionados, Martin Boehm, professor de Marketing e ex-reitor da IE Business School e, em breve, o novo reitor da EBS Universität für Wirtschaft und Recht, e Themin Suwardy, reitor de Programas Profissionais de Pós-Graduação da Singapore Management University, foram reeleitos para um segundo mandato.

O GMAC também agradece aos membros que estão se retirando do conselho, Leila Guerra, Vice-Reitora (Educação) da Imperial College Business School, e Peter Tufano, Reitor Peter Moores e Professor de Finanças da Saïd Business School, University of Oxford. O GMAC agradece o serviço prestado à nossa organização nos últimos quase quatro anos e pelas contribuições para a comunidade de pós-graduação em educação em gestão.

Sobre o GMAC

O Graduate Management Admission Council (GMAC – Conselho de Admissão de Gestão de Pós-Graduação) é uma associação global das principais faculdades de pós-graduação em business. Fundado em 1953, o GMAC está empenhado em criar soluções para faculdades e candidatos de business para que eles possam encontrar, avaliar, e se conectar uns com os outros.

O GMAC oferece pesquisas internacionais, conferências da indústria, ferramentas de recrutamento e avaliações para a indústria de graduação em gestão, bem como ferramentas, recursos, eventos e serviços que ajudam a orientar os candidatos na sua jornada rumo ao ensino superior. De propriedade e administrado pelo GMAC, o teste Graduate Management Admission Test™ (GMAT™) é o exame mais amplamente utilizado pelas faculdades de business em todo o mundo.

O GMAC também é proprietário e administra o exame NMAT by GMAC™ (NMAT™) e Executive Assessment (EA). Mais de 7 milhões de candidatos na sua jornada de mestrado em business ou MBA visitaram mba.com do GMAC no ano passado para explorar as opções de faculdades de business, se preparar e se inscrever em exames, e obter conselhos sobre o processo de admissão. BusinessBecause e The MBA Tour são subsidiárias do GMAC, uma organização global com escritórios na China, Índia, Reino Unido e Estados Unidos.

Para mais informações sobre o nosso trabalho, visite www.gmac.com.

Contato com a Mídia:

Teresa Hsu
Gerente Sênior, Relações com a Mídia
202-390-4180 (celular)
thsu@gmac.com

Le Graduate Management Admission Council accueille de nouveaux membres au sein du conseil d’administration

Les nouveaux membres reflètent la perspective mondiale diversifiée de la communauté des écoles de commerce

RESTON, Virginie, 29 juin 2021 (GLOBE NEWSWIRE) —  Le Graduate Management Admission Council™ (GMAC™), une association internationale d’écoles supérieures de commerce de premier plan, a annoncé aujourd’hui l’ajout de quatre nouveaux membres à son conseil d’administration. Katy Montgomery, doyenne associée des programmes des diplômes, INSEAD ; François Ortalo-Magné, doyen, London Business School ; et Giuseppe Soda, doyen, SDA Bocconi School of Management, université Bocconi, entameront leur mandat le 1er juillet. En outre, Yuan Ding, vice-président et doyen de la China Europe International Business School (CEIBS), a été nommé membre du conseil d’administration en janvier de cette année, afin d’occuper le siège laissé vacant par Enase Okonedo, de la Pan-Atlantic University.

« Le nouveau conseil d’administration du GMAC représente des écoles de commerce de premier plan, avec des campus situés dans 10 pays d’Europe, d’Asie, d’Amérique du Nord, d’Afrique et du Moyen-Orient », a déclaré Sangeet Chowfla, président-directeur général du GMAC. « Alors que la mobilité étudiante reprend et se développe dans le monde post-pandémie, je suis impatient de travailler aux côtés de ce groupe diversifié de dirigeants, et des autres membres du conseil d’administration du GMAC, pour continuer à faire progresser la vision du GMAC et faire en sorte que toutes les personnes talentueuses puissent bénéficier du meilleur enseignement commercial. »

Les nouveaux membres du conseil d’administration du GMAC

Yuan Ding, vice-président et doyen, chaire Cathay Capital en comptabilité, CEIBS

Yuan Ding est vice-président et doyen et professeur titulaire de la chaire Cathay Capital en comptabilité à la CEIBS, où il a été récompensé à trois reprises par le prix CEIBS Teaching Excellence Award. Avant de rejoindre la CEIBS, il était enseignant titulaire à la HEC School of Management, Paris (France). Il est membre de l’Association européenne de comptabilité, de l’Association française de comptabilité et de l’American Accounting Association. Il est titulaire d’un doctorat en comptabilité de l’Institut d’Administration des Entreprises de l’université Montesquieu Bordeaux IV (France), ainsi que d’un master en Administration des entreprises de l’université de Poitiers (France). M. Ding est l’auteur de plusieurs ouvrages sur le reporting financier, et ses recherches sont publiées dans des revues universitaires de premier plan.

Katy Montgomery, doyenne associée, programmes des diplômes, INSEAD

En tant que doyenne associée des programmes des diplômes à l’INSEAD, Katy Montgomery est responsable de la direction commerciale du portefeuille des programmes des diplômes de l’INSEAD dans quatre campus : Fontainebleau, Singapour, Abu Dhabi et San Francisco. Ses responsabilités fonctionnelles comprennent la stratégie, le marketing, les ventes, les admissions, l’aide financière et les bourses, les opérations des programmes, la vie étudiante, les services psychologiques et les services d’orientation professionnelle. Avant de rejoindre l’INSEAD, elle a occupé le poste de doyenne associée du développement des étudiants à la Johns Hopkins Carey Business School. Katy Montgomery est titulaire d’un diplôme en sciences politiques de la Loyola University New Orleans et d’un diplôme de Juris Doctor obtenu au Georgetown University Law Center.

François Ortalo-Magné, doyen, London Business School

François Ortalo-Magné est le neuvième doyen de la London Business School (LBS), un poste qu’il occupe depuis août 2017. Il mène une stratégie axée sur (1) la recherche universitaire et son impact, (2) les innovations en matière d’apprentissage et l’engagement des anciens élèves et (3) l’inclusion, la recherche de la parité des sexes et une plus grande diversité socioéconomique et ethnique. Depuis qu’il a pris ses fonctions, François Ortalo-Magné a dirigé la relance de la marque LBS et le développement des programmes de diplômes, et veillé à une augmentation significative du soutien philanthropique pour les bourses. Ses recherches sur l’économie des marchés fonciers et immobiliers sont publiées dans des revues universitaires de premier plan. Il s’appuie sur ses recherches et ses expériences de leadership pour conseiller un large éventail d’organisations privées, gouvernementales et multi-latérales, et partager ses idées dans des médias de premier plan et dans le cadre de conférences à travers le monde. Avant sa nomination, M. Ortalo-Magné était l’Albert O. Nicholas Dean et professeur Robert E. Wangard en immobilier à la Wisconsin School of Business. Sa première nomination universitaire a été à la London School of Economics.

Giuseppe Soda, doyen, SDA Bocconi School of Management, université Bocconi

Giuseppe « Beppe » Soda est le doyen de la SDA Bocconi School of Management et professeur titulaire en théorie des organisations et analyse des réseaux à l’université Bocconi. Avant de devenir doyen, en 2016, il a notamment occupé les postes de doyen associé pour la recherche (2007-2013), directeur du département de la gestion et de la technologie (2013-2016) et chef du département de l’organisation et de la gestion des ressources humaines (2001-2006). Il sert également l’EFMD (Fondation européenne pour le développement du management) en tant que membre du conseil d’accréditation EQUIS. Les recherches de Giuseppe Soda portent sur les conséquences, en termes de performance, de l’interaction entre les architectures organisationnelles et les réseaux organisationnels. Son travail est publié dans des revues universitaires de premier plan dédiées au management.

Aux côtés des nouveaux membres du conseil d’administration mentionnés précédemment, deux membres ont été réélus pour un second mandat : il s’agit de Martin Boehm, professeur de marketing, ancien doyen de l’IE Business School et bientôt nouveau recteur de l’EBS Universität für Wirtschaft und Recht, et de Themin Suwardy, doyen des programmes professionnels de troisième cycle à la Singapore Management University.

Le GMAC reconnaît également ses membres sortants, Leila Guerra, vice-doyenne (enseignement) de l’Imperial College Business School, et Peter Tufano, Peter Moores Dean et professeur de finances à la Saïd Business School, University of Oxford. Le GMAC les remercie pour leur service au sein de notre organisation pendant presque quatre ans et pour leur contribution à la communauté de l’enseignement supérieur en management.

À propos du GMAC

Le Graduate Management Admission Council™ (GMAC™) est une association des meilleures écoles supérieures de commerce du monde entier, au service d’une mission. Fondé en 1953, le GMAC crée des solutions et des expériences permettant aux écoles de commerce et aux candidats de mieux se découvrir, s’évaluer et entrer en relation.

Le GMAC fournit au secteur de l’enseignement supérieur en management des recherches, conférences sectorielles, outils de recrutement et évaluations de classe mondiale, ainsi que des outils, ressources, événements et services qui guident les candidats pendant leur parcours dans l’enseignement supérieur. Propriété du GMAC, qui assure sa gestion, l’examen du Graduate Management Admission Test™ (GMAT™) est l’évaluation pour école de commerce la plus largement utilisée.

Le GMAC détient et administre également l’examen NMAT by GMAC™ (NMAT™) et l’Executive Assessment (EA). Plus de 7 millions de candidats à la recherche de masters en commerce ou de MBA ont consulté le site mba.com du GMAC l’an passé pour explorer les choix d’écoles de commerce, se préparer et s’inscrire aux examens, et obtenir des conseils sur les procédures d’admission. BusinessBecause et The MBA Tour sont des filiales du GMAC, une organisation internationale avec des bureaux en Chine, en Inde, à Singapour, au Royaume-Uni et aux États-Unis.

Pour en savoir plus sur notre travail, rendez-vous sur le site www.gmac.com.

Contact pour les médias :

Teresa Hsu
Responsable principale des relations avec les médias
202-390-4180 (mobile)
thsu@gmac.com

Synchronoss Technologies, Inc. Anuncia o Preço das Notas Seniores da Oferta Pública de US$125 milhões

BRIDGEWATER, N.J., June 28, 2021 (GLOBE NEWSWIRE) — A Synchronoss Technologies, Inc. (SNCR) (a “Empresa” ou “Synchronoss”), líder global e inovadora em nuvem, mensagens e produtos e plataformas digitais, anunciou hoje a oferta pública subscrita de notas seniores de US$125 milhões com vencimento em 2026 com valor principal agregado de 8,375%, incluindo o exercício integral pelos subscritores da opção dos subscritores de comprar notas seniores no valor de US$5 milhões adicionais. A oferta deverá ser encerrada em ou por volta de 30 de junho de 2021, mediante a satisfação das condições habituais de fechamento.

A Synchronoss e as notas seniores receberam uma classificação BB- da Egan-Jones Ratings Company, uma agência de classificação independente e não afiliada. A Empresa solicitou autorização para incluir as notas seniores na lista Nasdaq Global Select Market sob o símbolo “SNCRL” e espera que as notas comecem a ser negociadas no prazo de 30 dias úteis a contar da data de encerramento da oferta, se aprovada.

Todas as notas seniores da oferta estão sendo vendidas pela Synchronoss. A Synchronoss espera usar o produto líquido da oferta, e da oferta de ações ordinárias e venda de Ações Preferenciais Série B (cada uma conforme descrito abaixo), para resgatar totalmente todas as Ações Preferenciais Contínuas Conversíveis Série A em circulação da Synchronoss e para reembolsar os valores em aberto sob a linha de crédito rotativo da Synchronoss.

B. A Riley Securities, Inc. (“BRS”) está atuando como único gerente de contabilidade da oferta. A Northland Capital Markets, a Aegis Capital Corp. e a EF Hutton, divisão da Benchmark Investments, LLC estão atuando como gerentes principais da oferta.

Juntamente com a oferta, a Empresa está oferecendo ações ordinárias com o valor de US$100 milhões, por meio de um suplemento de prospecto separado. Além disso, a B. Riley Principal Investments, LLC (“BRPI”), uma afiliada da BRS, assinou um contrato nos termos do qual a BRPI concorda em comprar Ações Preferenciais Série B da Empresa no valor de US$75,0 milhões em uma transação privada a ser concluída simultaneamente com o fechamento da oferta.

As notas seniores descritas acima estão sendo oferecidas pela Synchronoss de acordo com uma declaração de registro padrão do Formulário S-3 anteriormente arquivado na Comissão de Valores Mobiliários (SEC) e declarado efetivo pelo SEC em 28 de agosto de 2020. Um suplemento do prospecto preliminar relativo que descreve os termos da oferta foi arquivado no SEC e está disponível no site do SEC em www.sec.gov. Os termos finais da oferta proposta serão divulgados em um suplemento de prospecto final a ser arquivado no SEC. Cópias do adendo ao prospeto final (quando disponíveis) e do prospeto que o acompanha relativo a esses valores mobiliários também podem ser obtidas com o envio de um pedido para: B. Riley Securities, Inc., 1300 North 17th Street, Suite 1300, Arlington, VA 22209, ligação para (703) 312‐9580 ou envio de e-mail para prospectuses@brileyfin.com.

Este comunicado de imprensa não constitui uma oferta de venda nem uma solicitação de uma oferta para compra de qualquer um desses valores mobiliários, nem haverá qualquer venda desses valores mobiliários em qualquer estado ou outra jurisdição em que tal oferta, solicitação ou venda seja ilegal antes do registro ou qualificação sob as leis de valores mobiliários de qualquer estado ou outra jurisdição.

Sobre a Synchronoss

A Synchronoss Technologies(NASDAQ: SNCR) cria software que capacita empresas ao redor do mundo a se conectarem com seus assinantes de forma confiável e significativa. O conjunto de produtos da empresa ajuda a agilizar as redes, simplificar a integração e envolver os assinantes, permitindo novos fluxos de receita, redução dos custos e aumento da velocidade no mercado.

Declaração de Porto Seguro

Este comunicado contém declarações de previsão de acordo com a definição da Seção 21E da Lei de Mercados Mobiliários (Securities Exchange Act) de 1934, e suas emendas, incluindo, mas não se limitando a, declarações quanto ao encerramento da oferta pública e o uso previsto dos seus produtos. Estas declarações de previsão estão sujeitas a uma série de riscos, incluindo a satisfação das condições habituais de fechamento relacionadas à oferta pública e os fatores de risco estabelecidos ocasionalmente nos registros SEC da Synchronoss, incluindo, mas não se limitando aos riscos descritos nas seções “Fatores de Risco” e “Discussão e Análise da Condição Financeira e Resultados de Operações da Administração” (conforme aplicável) do Relatório Anual da Synchronoss no Formulário 10-K do exercício fiscal encerrado em 31 de dezembro de 2020 e Relatório Trimestral no Formulário 10-Q do período encerrado em 31 de março de 2021, que estão arquivados no SEC e disponíveis no site do SEC em www.sec.gov. Além dos riscos descritos acima e nos outros registros da Synchronoss no SEC, outros fatores desconhecidos ou imprevisíveis também podem afetar os resultados da Synchronoss. Nenhuma declaração de previsão pode ser garantida e os resultados reais podem ser substancialmente diferentes de tais declarações. As informações contidas nesta versão são fornecidas apenas a partir da data desta versão, e a Synchronoss não se compromete a atualizar nenhuma declaração de previsão contida nesta versão por conta de novas informações, eventos futuros ou de outra forma, exceto conforme exigido por lei.

Mídia

Diane Rose
CCgroup
diane@ccgrouppr.com

Investidores

Todd Kehrli/Joo-Hun Kim
MKR Investor Relations, Inc.
investor@synchronoss.com

 

Synchronoss Technologies, Inc. annonce la tarification d’une offre publique de 125 millions de dollars de billets de premier rang

BRIDGEWATER, New Jersey, 29 juin 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (SNCR) (la « Société » ou « Synchronoss »), un innovateur mondial de premier plan en matière de produits et plateformes numériques, de cloud et de messagerie, a annoncé aujourd’hui la tarification d’un appel public à l’épargne par voie de prise ferme portant sur un capital total supplémentaire de 125 millions de dollars de 8,375 % de billets de premier rang arrivant à échéance en 2026, comprenant le plein exercice par les souscripteurs de l’option d’acheter un capital total supplémentaire de 5 millions de dollars en billets de premier rang. La clôture de l’offre est prévue le, ou aux alentours du 30 juin 2021, sous réserve de la satisfaction aux conditions habituelles.

Synchronoss et les billets de premier rang ont tous reçu la note de BB d’Egan-Jones Ratings Company, une agence de notation indépendante et non affiliée. La Société a demandé à coter les billets de premier rang sur le Nasdaq Global Select Market sous le symbole « SNCRL » et prévoit que les billets commenceront à être négociés dans les 30 jours ouvrés suivant la date de clôture de l’offre, s’ils sont approuvés.

Tous les billets de premier rang de l’offre sont vendus par Synchronoss. Synchronoss prévoit d’utiliser le produit net de l’offre, et de l’offre d’actions ordinaires et de la vente d’actions privilégiées de série B (chacun tel que décrit ci-dessous), pour échanger intégralement tous les titres en circulation des actions privilégiées perpétuelles participantes convertibles de série A et rembourser les encours au titre de la facilité de crédit renouvelable de Synchronoss.

B. Riley Securities, Inc. (« BRS ») agit en tant que seul gestionnaire de livres pour l’offre. Northland Capital Markets, Aegis Capital Corp. et EF Hutton, division de Benchmark Investments, LLC agissent en tant que chefs de file de l’offre.

Parallèlement à l’offre, la Société offre, au moyen d’un supplément de prospectus distinct, 100 millions de dollars de ses actions ordinaires. En outre, B. Riley Principal Investments, LLC (« BRPI »), une filiale de BRS, a conclu un accord en vertu duquel BRPI a accepté d’acheter 75 millions de dollars d’actions privilégiées de série B de la Société dans le cadre d’une transaction privée devant être effectuée parallèlement à la clôture de l’offre.

Les billets de premier rang décrits ci-dessus sont proposés par Synchronoss conformément à une déclaration d’inscription préalable sur le formulaire S-3 précédemment déposée auprès de la Securities and Exchange Commission (SEC) et déclarée effective par la SEC le 28 août 2020. Un supplément de prospectus provisoire connexe et décrivant les conditions de l’offre a été déposé auprès de la SEC et est disponible sur le site Web de la SEC à l’adresse www.sec.gov. Les conditions finales de l’offre proposée seront exposées dans un supplément final du prospectus qui devra être déposé auprès de la SEC. Des exemplaires du supplément de prospectus final (lorsqu’il sera disponible) et du prospectus qui l’accompagne concernant l’appel public à l’épargne pourront également être obtenus en envoyant une demande à : B. Riley Securities, Inc., 1300 North 17th Street, Suite 1300, Arlington, VA 22209 ou en composant le (703) 312-9580 ou en envoyant un e-mail à l’adresse prospectuses@brileyfin.com.

Le présent communiqué de presse ne constitue ni une offre de vente ni la sollicitation d’une offre d’achat de quelconque de ces titres, et aucune vente de ces titres n’aura lieu dans un État ou une juridiction au sein duquel ou de laquelle une telle offre, sollicitation ou vente serait illégale avant son enregistrement ou sa qualification en vertu des lois sur les valeurs mobilières dans un tel État ou une telle juridiction.

À propos de Synchronoss

Synchronoss Technologies (NASDAQ : SNCR) est un développeur de logiciels permettant aux entreprises du monde entier de se connecter à leurs abonnés de manière fiable et pertinente. Sa gamme de produits contribue à rationaliser les réseaux, simplifier l’intégration et interagir avec les abonnés afin de créer de nouvelles sources de revenus, réduire les coûts et accélérer la mise sur le marché.

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés prospectifs au sens de l’article 21E du Securities Exchange Act de 1934, tel qu’amendé, y compris, mais sans s’y limiter, les énoncés concernant la clôture de l’offre publique et l’utilisation prévue du produit de celle-ci. Ces énoncés prospectifs sont assujettis à un certain nombre de risques, comprenant la satisfaction des conditions de clôture habituelles liées à l’offre publique et les facteurs de risque énoncés de temps à autre dans les documents déposés par Synchronoss auprès de la SEC, incluant, sans s’y limiter, les risques décrits dans les sections « Facteurs de risque » (Risk Factors) et « Rapport et analyse par la direction de la situation financière et des résultats opérationnels » (Management’s Discussion and Analysis of Financial Condition and Results of Operations) (selon le cas) du Rapport annuel sur formulaire 10-K de Synchronoss pour l’exercice clos le 31 décembre 2020, ainsi que du Rapport trimestriel sur formulaire 10-Q pour le trimestre clos le 31 mars 2021, déposés auprès de la SEC et disponibles sur le site Web de la SEC à l’adresse www.sec.gov. Outre les risques décrits ci-dessus et dans les autres documents déposés par Synchronoss auprès de la SEC, d’autres facteurs inconnus ou imprévisibles pourraient également affecter les résultats de Synchronoss. Aucun énoncé prospectif ne peut être garanti et les résultats réels peuvent différer sensiblement de ces énoncés. Les informations contenues dans le présent communiqué de presse sont valables à la date des présentes uniquement, et Synchronoss décline toute obligation de mettre à jour tout énoncé prospectif contenu dans ce communiqué que ce soit à la suite de nouvelles informations, d’événements futurs ou autrement, sauf si la loi l’impose.

Médias

Diane Rose
CCgroup
diane@ccgrouppr.com

Investisseurs

Todd Kehrli/Joo-Hun Kim
MKR Investor Relations, Inc.
investor@synchronoss.com

The Globe and Mail’s Sophi.io Wins Digiday Media Award

Digiday awards Best Publisher Platform to Sophi.io, a suite of artificial intelligence-powered automation, optimization and prediction tools developed by The Globe and Mail

TORONTO, June 28, 2021 (GLOBE NEWSWIRE) — Sophi.io, The Globe and Mail’s artificial intelligence-based automation and prediction engine, won the 2021 Digiday Media Award for Best Publisher Platform, which recognizes technology that is most successful in helping publishers achieve their goals.

“AI is an essential technology for helping publishers add authentic value to stories — extending their measure of success beyond page views and virality. For example, Sophi is able to provide data on how much each article on The Globe and Mail contributes to subscriber retention, acquisition, registration potential and advertising dollars. Additionally, to effectively deploy machine learning, around 10% of The Globe and Mail’s workforce is now data scientists and engineers, hired to develop Sophi and grow the strategy even further,” Digiday said.

The awards honour companies, technologies and campaigns that have stood out throughout the media over the past year. “This year, the competition was fierce and the programs robust. Innovation and big ideas expanded the playing field for many of the winners, even in a year when quarantines limited where and how people could work — and play,” according to Digiday.

Phillip Crawley, Publisher and CEO of The Globe and Mail, commented: “It’s an honour to be chosen as the winner of Digiday’s Media Award for Best Publisher Platform. We aren’t often up against companies in both the media and marketing industries but our investments in Sophi have been driven by the understanding that our technology can directly drive performance and economic growth for companies across a large range of industries.”

The other finalists in the Best Publisher Platform category were: Piano, Connatix, Insticator, Duration Media and Adapex LLC.

Sophi is an artificial-intelligence system that helps publishers identify and leverage their most valuable content. It has powerful predictive capabilities – using natural language processing, Sophi Dynamic Paywall is a fully dynamic, real-time, personalized paywall engine that analyses both content and user behaviour to determine when to ask a reader for money or an email address, and when to leave them alone.

Sophi Site Automation autonomously curates digital content to find and promote the most valuable articles. It places 99% of the content on all of The Globe and Mail’s digital pages, including its homepage and section pages. Sophi has been so successful that it is now being used for print laydown as well. Sophi is available to publishers across the globe to enable their content producers to focus on creating the best content possible.

Earlier this month, Sophi won the 2021 International News Media Association (INMA) Global Media Awards for Best in Show in North America and Best Use of Data to Automate or Personalize. Sophi has also won the Online Journalism Award (OJA) for Technical Innovation in the Service of Digital Journalism, handed out by the Online News Association (ONA), and both the World Digital Media Award and the North American Digital Media Award awarded by The World Association of News Publishers (WAN-IFRA) in the category of Best Digital News Start-up.

About Sophi.io

Sophi.io (https://www.sophi.io) is a suite of AI-powered optimization and prediction tools that helps content publishers make important strategic and tactical decisions. Sophi solutions range from Sophi Site Automation and Sophi for Paywalls to Sophi Analytics, a decision-support system for content publishers. Sophi is designed to improve the metrics that matter most to any business, such as subscriber retention and acquisition, engagement, recency, frequency and volume.

Contact

Jamie Rubenovitch
Head of Marketing, Sophi.io
The Globe and Mail
416-585-3355
jrubenovitch@globeandmail.com

Congo’s Ambassador to Namibia bids farewell

After four years as the Republic of Congo’s Ambassador to Namibia, Chantal Maryse Itoua-Apoyolo on Tuesday bade farewell to President Hage Geingob at State House.

Itoua-Apoyolo said the two countries hold solid bilateral relations in areas such as education, sports, culture, defence and economics.

She indicated that some of the bilateral treaties have been signed and are ready for implementation, however, due to the global COVID-19 pandemic, the execution could not commence before the end of her tenure.

“Signing agreements is the first step, however, the biggest challenge is the implementation of these projects, of which I can assure my successor will progress,” she said.

Itoua-Apoyolo also extended gratitude to the Namibian people, the President and First Lady, Monica Geingos, for providing a conducive environment for her countrymen and women find themselves in Namibia.

On his part, Geingob said Namibia and Congo’s relationship stems from the liberation struggle years, noting that Congo supported the Swapo party through solidarity and diplomacy at the United Nations.

“Namibia always recognises those who supported her during our struggle years. We are a child of the international community and Congo was one of the countries that supported us,” he indicated.

Source: Namibia Press Agency

April urges Asab community to start up businesses

Hardap Governor Reverend Salomon April has urged residents of Asab to start businesses to benefit from the multi-million road construction work between Gochas and Tses.

The road construction project is worth N.dollars 550 million and involves the rehabilitation and widening of the B1 road between Mariental and Keetmanshoop from the Gochas/Gibeon intersection to Tses.

April in an interview with Nampa on Monday said there are more people in Asab than before and residents should look at available business opportunities in order to make a living for themselves.

“Let us not just think of getting a job with overalls but let us look at the business opportunity also,” stressed the governor.

April said the recruitment of general workers at the project has been halted due to the COVID-19 pandemic, but he is confident that it will start again soon.

The tender for the project was awarded to China Henan International Cooperation Group and Chico International Cooperation as the local partners and is expected to create 300 to 800 jobs.

The project is expected to be completed by March 2025. The general jobs at the project will be shared on a 50/50 basis between the Hardap and ||Kharas regions.

April further urged the inhabitants of the region to adhere to COVID-19 regulations as the region has in recent weeks started to record high numbers of COVID-19 cases and deaths.

“We as Namibians should unite efforts and resources, in order to make COVID-19 manageable, and stand with the government and fight this invisible enemy,” he said.

The governor said the situation in the region is currently dire as hospitals and health centres are full to capacity with no space for new patients.

“We are challenged human resources wise and logistical wise, I urge the inhabitants to comply with the regulations, let us refrain from walking around especially the young people, who are risking those that are at home. Let us love ourselves and take care of ourselves,” he said.

Source: Namibia Press Agency

Late Colonel Shapwanale to be buried at Eenhana Shrine

Former Namibian Defence Force (NDF) commander, retired Colonel Moses Shapwanale has been conferred with an Official Funeral and will be laid to rest at Eenhana Shrine, a National Heritage Site in the Ohangwena Region on Wednesday.

Shapwanale, also known as Mbongolo in the defence community died on 16 June 2021 after a short illness.

A media statement issued by the Ministry of Information, Communication and Technology said the late Shapwanale’s memorial service will be held on Tuesday at Engela village at his homestead, where the proceedings will be streamed live on the ministry’s page.

“The official funeral will be conducted under strict compliance of the COVID-19 health regulations on public gatherings,” reads the statement.

Shapwanale was one of the NDF pioneers and the first commander of 4 Battalion, the unit that was composed of former PLAN combatants only.

“He is also popularly known for displaying a higher level of commandship at every battalion he was assigned to lead during the liberation struggle and after he joined the NDF.”

Source: Namibia Press Agency

MME records earthquake near Ariamsvlei

The Ministry of Mines and Energy recorded an earthquake approximately 20 kilometres northwest of Ariamsvlei in the ||Kharas Region Sunday morning.

A statement availed to the media on Monday said the event was recorded at 05h55 on three seismic stations of the Namibia Seismology Network at Windhoek, Kamanjab and Rundu and four others from the South Africa seismic network.

“The earthquake was shallow at a depth of less than 15 kilometres and registered a preliminary local magnitude of 4.2. A team of geoscientists will be dispatched to the affected area to assess the impacts of the event,” said the statement.

The ministry advised people who find themselves in the area to take precautionary measures in case another earthquake occurred.

“If you find yourself indoors, try going outside safely when possible, otherwise stand near door frames or find refuge under a table. If you are outdoors, find a clear spot well clear of buildings, trees and power lines. Stay away from windows and watch out for falling objects,” said the ministry.

Source: Namibia Press Agency

Katutura State Hospital suspends outpatient services

Katutura State Hospital has suspended outpatient services effective from Tuesday, 29 June 2021, until further notice.

According to a statement issued by the medical superintendent at the hospital, Dr Nelago Amagulu on Monday, the suspension of the outpatient services is due to the alarming increase in cases of COVID-19 in the community and hospitals.

Amagulu said the outpatient department will now be used as a COVID-19 holding and oxygenation area for patients awaiting bed availability for placement.

Similarly, due to a high number of COVID-19 cases, the hospital also suspended the visiting of patients since Friday until further notice.

By Friday last week the hospital had 172 COVID beds, a number which Amagulu said is increasing daily.

She further told this agency, on Friday the hospital had 30 to 40 COVID-19 related patients in need of oxygen, adding that likewise the admissions are increasing daily.

Source: Namibia Press Agency

Women overrepresented in industries hardest hit by COVID-19

Women are overrepresented in industries that have been most hard hit by COVID-19 as the impact of the pandemic on the economy laid many inequalities in Namibian society, economist Ruusa Nandago said.

Nandago in a media statement on Monday said due to the impact of the pandemic, women’s status in the labour market makes them more susceptible for several reasons.

“Firstly, women are overrepresented in industries that have been most hard hit by COVID-19. Most noteworthy is the accommodation and food sector, where women make up 77 per cent of the share of employment in Namibia. This sector was severely affected by the impact of lockdowns, travel restrictions and other regulations needed to slow the spread of the virus, resulting in retrenchments, wage cuts and reduced working hours. The sector continues to contend with knock-on effects on tourism from recurring waves both domestically, regionally and globally,” she said.

She added that women are also more likely to be employed in the informal sector and the sector is particularly vulnerable as workers are unable to take off from work without losing income and women bear a disproportionate burden of unpaid care and domestic work in the home which has increased during the pandemic.

“They tend to do the lion’s share of homeschooling, caring for sick family members, cooking and cleaning in addition to doing their full-time jobs. This increases what is often called ‘time poverty’, a phenomenon where women have little to no discretionary time. The lesson learnt from the ongoing pandemic is that the gendered impacts of COVID-19 cannot be ignored as they threaten to derail the progress made towards achieving gender equality,” she said.

Moving forward, women’s status in the labour force and economy, in general, must be elevated. This can be achieved through changing attitudes around gender roles, improving the availability of child-care facilities, widening social safety nets and implementing policies that allow women to participate in the formal economy, added Nandago.

Source: Namibia Press Agency