Month: November 2021

Barrows, the provider of hotel investments and advisory services to hotels in the Middle East, wants to expand in Asia and Russia; Barrows recently started offering asset based lending to the hotel industry to meet the demand for cash flow freedom; Barrows is in the market for over 10 years now and wants to significantly expand its services within the industry.

LONDON, Nov. 02, 2021 (GLOBE NEWSWIRE) — Barrows Hotel Enterprises internationally manages more than 10,000 hotel rooms in more than 10 countries. The company started in 2008 as a real estate investor in the residential market in Dubai. Since 2012, Barrows has changed its strategy and the company is fully focused on the fast-growing hotel industry in the Middle East. Barrows’ ambition for the coming years is loud and clear. The company wants to expand its range of services in view of the rapidly growing tourism industry. In addition, Barrows aims for international expansion in growth markets such as Asia, Africa and Russia.

In this context, an office was recently opened in Singapore. With its headquarters in Dubai, the company has a solid market share. The company has been growing strongly in Asian countries since the Covid19 pandemic. Barrows is a well-known gateway for the international hotel industry, acting as a real estate developer, investor and management advisory. Besides the hotel chains, Barrows has the most connections with institutional investors, but also counts family offices and high net worth individuals among its clientele.

By acquiring, Barrows Hotels is expanding its service offerings with various products in various Asian and African countries. With the acquisition, the company wants to grow into an important supplier in the international hotel industry in these regions.

Barrows Chairman Erwin Jager explains that the company will open offices in Johannesburg, Accra and Zhengzhou in the coming 2 months. Acquisitions of existing parties will quickly give Barrows enough scale to offer hotels a wide range of services. In addition to Asia and Africa, the Hotel specialist wants to expand in growth markets such as Russia from 2024. “In the meantime, we will continue to look at opportunities for acquisitions and collaborations. Barrows Hotels focuses on adding new markets and services to serve customers in the best possible way.”

For more information:
Barrows Hotel Enterprises
media@barrowshotels.com

Ideal Systems announces today that it has designed, built and delivered next-generation NDI® based TV studios with 4K live production and streaming capabilities for iFAST Corporation Ltd in Singapore.

SINGAPORE, Nov. 02, 2021 (GLOBE NEWSWIRE) — Ideal Systems announces today that it has designed, built and delivered next-generation NDI® based TV studios with 4K live production and streaming capabilities for iFAST Corporation Ltd. (“iFAST Corp”), a leading Singapore public listed wealth management fintech company.

The cutting-edge facilities are located at iFAST Corp’s head office in the Ocean Financial Centre in the heart of Singapore’s Central Business District. The extensive studio contains multiple sets including a large chroma key green screen set for virtual reality (VR) and augmented reality (AR) productions and news set containing a 5-meter-wide production-grade LED video-wall from Unilumin. All the studio cameras are NDI® 4K, and all the networking and production systems are based on the latest NDI® 5 technology from BirdDog and NewTek.

The new iFAST TV studio is built in what was formerly a large conference room which had seen a great reduction in usage due to the Covid-19 social distancing measures. The studio will provide unprecedented communications ability for iFAST Corp to produce and live-stream high-quality 4K professional television programmes and provide a content library to its customers which include over 520 companies with more than 10,000 wealth advisers currently using the iFAST B2B platforms.

“iFAST Corp’s mission is to help investors around the world invest globally and profitably. For more than 20 years, we have worked to ensure our investors have access to information and research content that can help them in the investment journey. Tapping on the potential of the rapidly growing digital media space, we see iFAST TV as a natural extension of our fintech driven and investor-focused business as we continually seek to better serve, educate and engage our investors,” said Mr Lim Chung Chun, Chairman and CEO of iFAST Corp.

“Covid-19 has dramatically impacted how corporations communicate with their customers and partners. With conferences and exhibitions being cancelled and travel being restricted, many corporations are choosing to build professional-grade TV studios to create their own content and communicate directly with their customers via social media and streaming to apps. For the iFAST TV studio, we based the whole video production architecture on next-generation NDI® infrastructure and is likely a world first insofar as there is zero legacy SDI equipment or cabling used in the entire facility. This is truly a next-generation TV production system supporting end-to-end 4K over IP from camera, through production and live-streamed securely up to 4K to the viewer. By utilizing NDI® and Live Call Connect with the NewTek™ TriCaster® 2 Elite we have dramatically reduced the complexity of the solution architecture for technically complex productions such as featuring multiple video calls from platforms like Zoom® and Microsoft® Teams in live interviews on the Video Wall or in Virtual Space in the Chroma set, while making the backend production systems easier to and more efficient to operate by the iFAST TV production team,” said Fintan Mc Kiernan, CEO of Ideal Systems Singapore.

About iFAST Corporation

iFAST Corporation is a wealth management fintech platform headquartered and listed in Singapore, providing a comprehensive range of investment products and services to financial advisory firms, financial institutions, banks, internet companies, multinational companies, as well as retail and high net worth investors in Asia. The Group offers access to over 12,000 investment products including funds, bonds and Singapore Government Securities (SGS), stocks, Exchange Traded Funds (ETFs), insurance products, and services including online discretionary portfolio management services (DPMS), research and investment seminars, financial technology (fintech) solutions, investment administration and transactions services. The company is also present in Hong Kong, Malaysia, China and India.

iFAST Corporation website www.ifastcorp.com

About Ideal Group

With 13 offices across Asia, Ideal Systems is the region’s largest broadcast and media systems integrator. Ideal is a multinational organization providing innovative broadcast, cloud and AV solutions and consultancy to sectors including broadcasting, media, house of worship, corporate and government. Ideal Systems provide services that range from systems and business consultancy, cloud integration and systems design, systems deployment and support, building of media facilities to live broadcast services.

Web www.idealsys.com

Contact ndi@idealsys.com

Ideal Systems Media Contact

Fintan Mc Kiernan  fmckiernan@idealsys.com  +65 6684-8770

Related Images

Image 1: iFast TV Studio

Left to Right: Fintan Mc Kiernan, CEO of Ideal Systems Singapore and Mr Lim Chung Chun, Chairman and CEO of iFAST Corp in the new Studio.

Image 2: The new iFast TV Studio

Left to Right: Fintan Mc Kiernan, CEO of Ideal Systems Singapore and Mr Lim Chung Chun, Chairman and CEO of iFAST Corp.
This content was issued through the press release distribution service at Newswire.com.

Attachment

• iFast TV Studio

MELBOURNE, Australia, Nov. 01, 2021 (GLOBE NEWSWIRE) — Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) today announces that the Australian Therapeutic Goods Administration (TGA) has approved Illuccix^® (TLX591-CDx), the Company’s lead prostate cancer imaging product.

Illuccix (Kit for the preparation of ⁶⁸Ga PSMA-11 Injection) is a positron emission tomography (PET) agent for the diagnostic imaging of men with prostate cancer. The TGA has granted Illuccix a broad clinical indication comprising:

1. Patients with prostate cancer who are at risk of metastasis and who are suitable for initial definitive therapy (also known as “primary staging”), and
2. Patients with prostate cancer who have suspected recurrence based on elevated serum prostate specific antigen (PSA) level (also known as “biochemical recurrence”).

Illuccix, after radiolabeling with gallium-68, is the first commercially approved PSMA-PET imaging agent available in Australia. The TGA approval of Illuccix facilitates wide-spread clinical access to prostate cancer imaging for all men across Australia including rural and regional areas, enabling availability of state-of-the-art PSMA PET imaging across the country.

Telix President APAC Dr. David Cade stated, “The approval of Illuccix means Australian patients with prostate cancer will have broad access to a TGA-approved PSMA-PET imaging agent. This new mode of imaging has been recognised in leading clinical practice guidelines as superior to conventional imaging with CT¹ or MRI², for the staging of prostate cancer. Illuccix attaches to prostate cancer cells expressing PSMA and can be picked up by a PET scanner, giving physicians the ability to visualise tumour cells, including very small metastases, wherever they are in the body.”

Telix CEO Dr. Christian Behrenbruch added, “PSMA-PET imaging has been one of the most important developments in prostate cancer management in recent years. As an Australian company, we are especially pleased to be delivering the first TGA-approved, GMP manufactured PSMA-PET imaging agent that will be widely available to Australian patients. The TGA is a sophisticated regulatory authority that is highly regarded in the Asia Pacific region. This approval is an important milestone for Telix, demonstrating the approvability of Illuccix and establishing a blueprint for a series of near-term regulatory submissions and reviews in other important markets across the Asia Pacific.”

About Illuccix^®

Illuccix (TLX591-CDx) is a preparation for imaging prostate cancer with positron emission tomography (PET), targeting prostate specific membrane antigen (PSMA), a protein that is overexpressed on the surface of more than 90% of primary and metastatic prostate cancer cells. Illuccix enables PSMA-11 to be labelled with the radionuclide Ga-68 directly before injection by medical professionals. After preparing the radiopharmaceutical and injecting it into the patient, PSMA positive lesions are localised by PET imaging.

Telix’s lead investigational product, Illuccix (TLX591-CDx) for prostate cancer imaging has been approved by Australian Therapeutic Goods Administration (TGA).³ Telix is also progressing marketing authorisation applications for Illuccix in the USA,⁴ European Union⁵ and Canada.⁶

About Prostate Cancer

Together with the United States and Canada, Australia has one of the highest rates of prostate cancer in the world. In 2020, prostate cancer was the most commonly diagnosed cancer in men in Australia with approximately 17,000 new cases. Prostate cancer was also the second most common cause of cancer death in men (after lung cancer), with almost 3,500 men dying from their disease in 2020 in Australia. More than 70,000 men in Australia were estimated to be living with prostate cancer in 2020.⁷

About Telix Pharmaceuticals Limited

Telix is a biopharmaceutical company focused on the development of diagnostic and therapeutic products using Molecularly Targeted Radiation (MTR). Telix is headquartered in Melbourne, Australia with international operations in Belgium, Switzerland, Japan, and the United States. Telix is developing a portfolio of clinical-stage products that address significant unmet medical need in oncology and rare diseases. Telix is listed on the Australian Securities Exchange (ASX: TLX). For more information visit www.telixpharma.com and follow Telix on Twitter (@TelixPharma) and LinkedIn.

Telix Investor Relations

Ms. Kyahn Williamson
Telix Pharmaceuticals Limited
SVP Corporate Communications and Investor Relations
Email: kyahn.williamson@telixpharma.com

Important Information

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold within the United States, unless the securities have been registered under the U.S. Securities Act or an exemption from the registration requirements of the U.S. Securities Act is available. None of the technologies or products described in this document have received a marketing authorisation in any jurisdiction. This announcement has been authorised for release by Dr Christian Behrenbruch, Managing Director and Chief Executive Officer. The Telix Pharmaceuticals name and logo are trademarks of Telix Pharmaceuticals Limited and its affiliates (all rights reserved).

---

¹ Computed Tomography
² Magnetic Resonance Imaging
³ ASX disclosure 14/04/21.
⁴ ASX disclosure 24/11/20.
⁵ ASX disclosure 01/05/20.
⁶ ASX disclosure 16/12/20.
⁷ Globocan 2021.

LONDON, Nov. 01, 2021 (GLOBE NEWSWIRE) — The hotel development industry is accelerating the completion of its business improvement initiatives aimed at creating promising new opportunities for investors.

The initiative is supported by the flexibility and effectiveness of relaxed government procedures worldwide and the numerous benefits it offers investors.

The announcement follows a digital meeting with government officials from several countries who see the importance of strengthening the global investment climate.
A large majority of investors say these initiatives will have a positive effect on the business climate in the global hotel industry.

Erwin Jager, chairman of Barrows Hotel Enterprises, confirmed that the hotel industry will continue to create the conditions necessary to strengthen its status for global investment.

As a developer and hotel investor, Barrows Hotel Enterprises focuses on the MENA Region and sees good opportunities after the global pandemic. The company has daily contacts with institutional and private stakeholders within the industry.

We see the accelerated growth of the investment environment in the hotel sector. In today’s post-pandemic world, we need to keep pace with global developments while remaining vigilant and adaptive in our response to the ongoing rapid changes in our industry.

“The relationship with international investors is strong and we remain committed to continuous innovation and creating exceptional business opportunities that will drive growth within the hotel industry,” said Erwin Jager.

Together we ensure that the hotel industry continues to offer opportunities within a very stable, sustainable and attractive environment. This offers huge opportunities worldwide to boost employment

Investors have recently indicated that the improvements will help improve procedures and reduce effort. This creates promising new investment opportunities.

Efforts by government agencies are welcomed with open arms. This allows the hotel industry to continue to create new opportunities to improve and simplify their services.

Media Contact
Barrows Hotel Enterprises
info@barrowshotels.com

How Government and Business in Ukraine Are Working Together to Transform Its Economy to Achieve Its Sustainability Goals

GLASGOW, Nov. 01, 2021 (GLOBE NEWSWIRE) — Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration, Olha Stefanishyna, together with business leaders from Ukraine’s energy and food sectors, today addressed an event in the Blue Zone at COP26. The meeting was hosted by Chatham House, the Ukrainian Business and Trade Association, the Deputy Prime Minister’s Office for European and Euro-Atlantic Integration, and the Ministry of Foreign Affairs of Ukraine, and supported by DTEK and MHP. The event examined how Ukraine aims to meet the sustainability goals and the country’s role in supporting the drive to net zero across the whole of Europe by 2050.

The Deputy Prime Minister opened the discussion by talking about Ukraine’s climate agenda and the ambitious goals. She was interviewed by Prof. Tim Benton, Director of the Chatham House Environment and Society Programme.

Deputy Prime Minister Olha Stefanishyna said, “The generational challenge we’re facing is how we change the way our economies and societies are structured so our children and grandchildren have a sustainable environment in which to live and, importantly, thrive. We’re beyond talking about the ‘why?’ It’s now time to addresses the fine detail of the “how”. That’s why it’s so important we have leaders from Ukraine’s key business sectors here, talking about their plans to achieve the ambitious targets our Government is setting to combat climate change.

“It is also important that global players start forming new post-carbonization market rules. It will ensure sustainability and proper resilience of economies in the process of green transformation.”

After the Deputy Prime Minister, a panel discussion was held with government officials and the top management of Ukrainian businesses, which presented and discussed the measures needed to achieve climate goals and the ways to implement them.

The speakers were: Iryna Stavchuk, Deputy Minister for Environmental Protection and Natural Resources; Dmytro Los, Chairman of the Board of UBTA; Maxim Timchenko, CEO of DTEK; Oleksandr Dombrovskyi, Vice President of MHP, President of MHP Eco Energy; and Antony Froggatt, Senior Research Fellow and Deputy Director, Chatham House Environment and Society Programme.

Iryna Stavchuk said, “It is essential we decarbonize our economy: that process is integrally tied into the modernization of Ukraine’s economy and our society. It is also a central part of our European integration obligations. We need to reshape our economy to ensure we use all our natural resources in a sustainable way. And for that to happen, we have to have the domestic and inward investment in place. That is why it is so important we have continuing constructive co-operation between government and business.”

Dmytro Los from UBTA, which represents the interests of Ukrainian exporters, said, “Ukrainian business fully supports the European green course. We are ready to be active participants in these ‘green transformations’, given the real situation in the country, including the Crimea and the war in the East. Also, domestic businesses are ready to join the creation of national programmes for sectoral transformation of the ‘green agreement’, which will lead to sustainable development of both business and Ukrainian society.

“As practice shows, the synergy of business and government creates effective solutions. The approval of the Second National Defined Contribution of Ukraine (NVV-2) and the development of a roadmap for the transformation of food systems are both good examples. But at the same time, Ukrainian business survives in a very difficult environment and now faces serious financial problems given the high Ukrainian banks’ high interest rates. Only with the help of financial programmes created by global financial institutions, including the from the EU, will companies be able to take real steps towards decarbonisation and meeting the global ‘green agreement’ trends.”

DTEK is the leading private investor in Ukraine’s energy sector. Maxim Timchenko said, “The current task is to adapt and diversify, as quickly as possible and in a controlled manner. The planet is in real danger: it’s time to take action. The main challenge is acting carefully to avoid disruption. Such is the paradox at the heart of our global challenge. DTEK is at the forefront of developing new wind and solar energy facilities, putting Ukraine in a leading position within the European drive to decarbonisation. Ukraine’s first energy storage systems, built by DTEK, are designed to improve the company’s productivity and stir the development whole Ukrainian energy sector. DTEK strives to achieve carbon neutrality by 2040. There is a long way ahead, but mutual actions are already being taken towards a sustainable future.”

Oleksandr Dombrovskyi, Vice President of MHP, which is a leading Ukrainian agricultural holding that produces poultry and meat products, added: “Food, environmental and energy security are key elements of the formula for the survival of mankind and the planet. We see our company’s mission as a contribution to solving the issue of global food security, and each of our actions should not harm the environment. We understand that the world, and those of us living in it, need to be transformed to implement the ‘green’ economy model. And it is important to work on it immediately because time is short. At MHP, we are already actively implementing specific steps, including the introduction of innovations, the use of renewable energy, the implementation of the circular economy model, the use of new energy efficiency technologies. Our ambitious goal is to become a climate-neutral and energy-independent company by 2030. To implement this plan, we need dialogue with the government, state support and partnership with the companies and associations that have the same ambitions.”

Antony Froggatt said, “Ukraine is the second largest country in Europe, by area, so everything that happens there has a major impact on the region. And Ukraine also has abundant natural resources, putting it in a strong position to lead the transition to renewable energy. It is very encouraging to see the worlds of politics and business coming together to effect real change.”

The event successfully brought together leaders from the Ukrainian government and the business community to discuss the challenges and opportunities arising from the green transition.

About DTEK

DTEK Group is Ukraine’s leading energy company and largest private investor in the country’s energy sector. DTEK enterprises generate electricity at solar, wind, and thermal power plants, produce coal and natural gas, and trade energy products in both Ukrainian and international markets, providing energy efficiency services to customers; and developing high-speed charging station networks.

Related Images

image1.jpeg

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4ef44f3f-fc2d-4fbf-9859-ca22652b29c4 

For further information, please contact (not for publication):

Charlie Pryor

Charlie.pryor@leidar.com

+44 7958 975 667

VICTORIA, Seychelles, Nov. 01, 2021 (GLOBE NEWSWIRE) — OKEx has announced the launch of a new advanced trading mode for professional and institutional traders — portfolio margin — as part of its efforts to build the world’s most powerful trading platform for crypto traders. The new trading mode is available on the platform’s web and API versions for high-volume traders as of today, Nov. 1.

Portfolio margin on OKEx is designed for high-volume professional traders, including market makers and institutions, looking to substantially reduce their capital requirements. The mode offers traders — and especially market makers for cryptocurrency futures and options — significantly reduced margin calculation. Notably, OKEx sees this new feature as a way to address the current problem of fragmented liquidity across crypto options markets.

A risk management system similar to portfolio margin — standardized portfolio analysis of risk, or SPAN — was first pioneered for traditional finance participants by the world’s largest derivatives exchange, CME Group. With the release of the new portfolio margin mode on OKEx, the platform is leading the way in the cryptocurrency industry by introducing this powerful tool for capital efficiency enhancement and risk management.

OKEx’s version of this trading mode stands out from competitors by allowing for multiple-currency portfolio margining — meaning that a trader can open derivatives positions with significantly reduced margin requirements across multiple currencies at the same time.

With its new portfolio margin mode, alongside industry leading liquidity, OKEx is showing its commitment to providing the most advanced tools and best possible trading experience for its customers.

About OKEx

Founded in 2017, OKEx is one of the world’s leading cryptocurrency spot and derivatives exchanges. OKEx has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, including our recently launched DeFi ecosystem and NFT Marketplace.

Trusted by more than 20 million users in over 180 regions across the globe, its mission is to empower every individual through the promotion and advancement of cryptocurrencies globally.

Andrea Leung
andrea.leung@okex.com

New York, Nov. 01, 2021 (GLOBE NEWSWIRE) — The Open Society Foundations join today with thousands of voices inside and outside Turkey, calling on the Turkish government to comply with the rule of law and end the imprisonment of Osman Kavala, the philanthropist and businessman who today marks his fourth year behind bars.

“The continued prosecution of this case shines a spotlight on the erosion of the rule of law in Turkey,” said Open Society Foundations President Mark Malloch-Brown. “Kavala has now spent more than 1,400 days in prison, even though he has never been convicted of a crime and top European and Turkish courts have ruled he should be freed.”

“The prosecution of this case is not about the law,” Malloch-Brown added. “It is an effort to silence independent voices like Kavala’s within Turkey.”

Kavala was originally arrested in 2017. He remains behind bars even though the European Court of Human Rights ruled in 2019 that he should be freed, citing the lack of evidence against him. Kavala was subsequently acquitted by a top Turkish court in 2020, and then immediately rearrested on additional bogus charges.

Before his arrest, Kavala ran a local foundation he had established to support the arts, culture, and human rights. He also served on the boards of a number of organizations including Open Society’s now-closed Turkish foundation. President Erdogan’s campaign of slander against Kavala has included distorting and misrepresenting his entirely open and legitimate contacts with Open Society and its founder George Soros.

“We call for justice to prevail and an end to the cruel imprisonment of Osman Kavala, who for decades has fought for basic, fundamental rights for all,” Malloch-Brown said.

Read more about Open Society’s work in Turkey. 

Office of Communications
Open Society Foundations 
(212) 548-0378
media@opensocietyfoundations.org