Month: December 2022

Posted on

Nyxoah Files Shelf Registration Statement and Announces At-the-Market Equity Offering Program

INSIDE INFORMATION
REGULATED INFORMATION

Nyxoah Files Shelf Registration Statement and
Announces At-the-Market Equity Offering Program

Mont-Saint-Guibert, Belgium – December 22, 2022, 10:10pm CET / 4:10pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH)(“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that it has filed a $200 million shelf registration statement on Form F-3 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”).  Once declared effective by the SEC, the Registration Statement would permit the Company to sell, from time to time, up to $200 million in aggregate value of its common stock, preferred stock, debt securities, warrants, and/or units. The Registration Statement is intended to provide the Company with flexibility to access additional capital when market conditions are appropriate.

The Company also entered into a sales agreement (the “Sales Agreement”) with Cantor Fitzgerald & Co. (“Cantor”), as sales agent, pursuant to which the Company may sell new ordinary shares having an aggregate offering price of up to $50 million (the “Offered Shares”) from time to time through an “at-the-market” offering (the “ATM”). The actual number of Offered Shares to be issued, if any, will depend on the Company’s determination, in its sole discretion, to make sales and the price per share of any such sales. However, the number of Offered Shares shall not exceed 6 million shares. The Offered Shares will be sold at a sales price per Offered Share equal to the then current USD market price of the Nyxoah ordinary share on the Nasdaq Global Market at the time of the relevant sale.

Cantor may sell Offered Shares by any method permitted by law deemed to be an “at-the-market” offering as defined in Rule 415 of the Securities Act of 1933, as amended, including without limitation sales made directly on the Nasdaq Stock Market, on any other existing U.S. trading market for the ordinary shares, or to or through a market maker.  Since the Offered Shares will be sold at market prices prevailing at the time of the sale, sales prices may vary.  No sales of Offered Shares will be conducted in Belgium or through Euronext.

The ATM offering is being made only by means of a prospectus included within the Registration Statement.  The Registration Statement has not yet become effective.  These securities may not be sold nor may offers to buy these securities be accepted prior to the time the Registration Statement becomes effective.  When available, copies of the prospectus relating to the ATM may be obtained from Cantor Fitzgerald & Co., Attn: Capital Markets, 499 Park Avenue, New York, NY 10022, or by email: prospectus@cantor.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward-looking statements 
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s current expectations regarding the Company’s results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2021, filed with the Securities and Exchange Commission (“SEC”) on March 24, 2022, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward-looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:
Nyxoah
Loic Moreau, Chief Financial Officer
corporate@nyxoah.com
+32 473 33 19 80

Jeremy Feffer, VP IR and Corporate Communications
jeremy.feffer@nyxoah.com
+1 917 749 1494

Attachment

GlobeNewswire Distribution ID 1000773914

Posted on

Synchronoss ประกาศจำนวนผู้สมัครใช้บริการส่งข้อความบน RCS กว่า 30 ล้านคนในญี่ปุ่น

การใช้งานแพลตฟอร์ม Synchronoss Advanced Messaging ช่วยให้ NTT DOCOMO, KDDI และ SoftBank สามารถมอบบริการการส่งข้อความขั้นสูงระหว่างผู้ให้บริการโทรศัพท์ ซึ่งช่วยผู้ใช้และแบรนด์ต่าง ๆ สามารถสื่อสาร โต้ตอบ และทำธุรกรรมได้

BRIDGEWATER, N.J., Dec. 23, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” หรือ “บริษัท”) (NASDAQ: SNCR) ผู้นำระดับโลกและผู้ริเริ่มผลิตภัณฑ์และแพลตฟอร์มระบบคลาวด์ การส่งข้อความ และระบบดิจิทัล ประกาศความสำเร็จครั้งใหม่ในญี่ปุ่นสำหรับแพลตฟอร์ม Synchronoss Advanced Messaging ด้วยความร่วมมือกับผู้ให้บริการโทรศัพท์มือถืออย่าง NTT DOCOMO, KDDI และ SoftBank กลุ่มบริษัทร่วมทุนสัญชาติญี่ปุ่นนี้รองรับการใช้งานสำหรับสมาชิก +Message ซึ่งเป็นบริการ RCS ระหว่างผู้ให้บริการที่ขับเคลื่อนโดย Synchronoss Advanced Messaging กว่า 32.5 ล้านรายในปัจจุบัน

เหตุการณ์สำคัญในปัจจุบันนี้แสดงให้เห็นถึงจำนวนสมาชิกที่เพิ่มขึ้นถึงร้อยละ 62 เนื่องจาก Synchronoss สังเกตเห็นความคืบหน้าของการปรับใช้มาตรฐานอุตสาหกรรมสำหรับการรับส่งข้อความ (RCS) ของกลุ่มบริษัทร่วมทุนญี่ปุ่นในเดือนพฤศจิกายน 2563

+Messaging นำเสนอระบบส่งข้อความที่มีคุณสมบัติหลากหลาย ซึ่งช่วยให้ผู้ใช้ภาษาญี่ปุ่นสามารถสื่อสารกับเพื่อน ๆ และครอบครัวได้ นอกจากนี้ยังมาพร้อมความสามารถในการโต้ตอบและมีส่วนร่วมกับแบรนด์และธุรกิจได้อย่างปลอดภัยและรัดกุม

บริการ +Messaging ของกลุ่มบริษัทร่วมทุนนี้ขับเคลื่อนโดย Synchronoss Advanced Messaging ซึ่งเป็นแพลตฟอร์มครบวงจรและผลิตภัณฑ์สำหรับโทรศัพท์มือถือที่ช่วยให้ผู้ให้บริการสามารถส่งมอบระบบนิเวศการส่งข้อความขั้นสูงได้ Synchronoss Advanced Messaging เชื่อมต่อแบรนด์และผู้ให้บริการเนื้อหากับสมาชิก โดยนำเสนอวิธีการใหม่ ๆ ในการสื่อสารและทำธุรกรรมเชิงพาณิชย์

Yosuke Morioka ผู้จัดการทั่วไปประจำประเทศญี่ปุ่นของ Synchronoss กล่าวว่า “บริการ +Messaging ที่ได้รับการยอมรับจากสมาชิกกว่า 30 ล้านรายในญี่ปุ่นเป็นเครื่องช่วยยืนยันถึงคุณค่าของ RCS และวิธีที่ผู้ให้บริการโทรศัพท์มือถือสามารถใช้ประโยชน์จาก RCS เพื่อนำเสนอบริการใหม่ ๆ ที่สร้างรายได้” “เราคาดหวังว่าจะได้ร่วมงานกับ NTT DOCOMO, KDDI และ SoftBank ในเร็ว ๆ นี้เพื่อสำรวจโอกาสทางการตลาดเพิ่มเติมสำหรับแพลตฟอร์มเทคโนโลยีที่เพียบพร้อมด้วยคุณสมบัตินี้”

ปัจจุบัน +Message มีให้บริการบนโทรศัพท์มือถือทุกแบรนด์ของผู้ให้บริการทั้ง 3 รายและ MVNO นอกจากนี้ยังรองรับการระบุตัวตนสาธารณะ (JPKI) ด้วยบัตร My Number ซึ่งช่วยให้ผู้ใช้สามารถเปิดบัญชีธนาคารหรือใช้บัตรเครดิตด้วยการยืนยันตัวตนที่ง่ายและปลอดภัยผ่าน +Message มอบประสบการณ์ที่น่าดึงดูดใจยิ่งขึ้นภายในระบบนิเวศบนโทรศัพท์มือถือ

เกี่ยวกับ Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) สร้างซอฟต์แวร์ที่ช่วยให้บริษัทต่าง ๆ ทั่วโลกเชื่อมต่อกับสมาชิกด้วยวิธีที่น่าเชื่อถือและเต็มเปี่ยมไปด้วยความหมาย กลุ่มผลิตภัณฑ์ของบริษัทช่วยให้เครือข่ายมีความคล่องตัว ลดความซับซ้อนของการเริ่มใช้งาน และดึงดูดสมาชิกเพื่อสร้างเสริมแหล่งรายได้ใหม่ ลดต้นทุน และเพิ่มความเร็วสู่ตลาด สมาชิกหลายร้อยล้านคนไว้วางใจให้ผลิตภัณฑ์ Synchronoss เชื่อมต่อกับผู้คน บริการ และเนื้อหาที่ตนชื่นชอบ เรียนรู้เพิ่มเติมได้ที่ www.synchronoss.com

ติดต่อด้านสื่อมวลชนสัมพันธ์:
Domenick Cilea
Springboard
dcilea@springboardpr.com

ติดต่อด้านนักลงทุนสัมพันธ์:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8719420

Posted on

Payment Card Fraud Losses Reach $32.34 Billion

The Nilson Report Releases Annual Issue on Fraud Statistics

SANTA BARBARA, Calif., Dec. 22, 2022 (GLOBE NEWSWIRE) — Payment card fraud losses worldwide exceeded $32 billion in 2021, of which nearly $12 billion was in the US, according to the Nilson Report, the leading trade publication covering the global payment card industry. Losses to fraud worldwide increased by 14% in 2021.

Over the next 10 years, the industry is projected to lose an accumulated $397 billion worldwide, with $165 billion coming from the US.

The US accounted for 37% of worldwide losses to card fraud in 2021 even though it only accounted for 23% of card spending at merchants and cash transactions at ATMs combined. Higher fraud losses in the US were attributable to a 25% increase in purchases made by credit cards after a 9% drop in 2020. Also impacting fraud in the US was the continued growth in card-not-present transactions such as those that occur when spending online. Online purchases leave merchants more vulnerable to fraud.

The $11.9 billion in fraud losses in the US in 2021 was up 18%. Fraud in the US was connected to card volume of $11.3 trillion. In 2020, the US total for fraud losses was $10.1 billion tied to $9.4 trillion in total card volume.

Among payment card industry executives, fraud is expressed in basis points (cents) per $100 in total volume. In 2021, it was 6.61¢ per $100 in total volume. This was an improvement from 2020 when the figure was 6.77¢ per $100.

The total for worldwide spending for goods and services, combined with cash advances against lines of credit and cash withdrawals from funds on deposit, equaled $48.955 trillion in 2021, an increase of 16.6% from 2020. This payment volume was generated by global brand, domestic-market-only and private label credit, debit and prepaid cards used at merchants in stores and online, along with cash obtained at ATMs.

“While fraud as a percentage of total card dollar volume declined, criminals saw 14% growth in the money they were able to steal from the system. Card fraud netted criminals nearly $4 billion more in 2021 than in 2020,” said David Robertson, Publisher of the Nilson Report.

Losses to fraud are incurred by card issuers, merchants, processors of card payments from merchants, and processors of card transactions from ATMs.

ABOUT THE NILSON REPORT
For more than 52 years, the Nilson Report has been the most respected provider of data and news about the payment card industry. Available worldwide by subscription only, the Nilson Report surveys over 2,000 financial institutions and other payment card businesses to produce statistics about card issuers, card networks, merchant acquirers and technology providers. This business intelligence is not available from any other source. The twice-monthly newsletter also includes informative feature articles, concise updates regarding new products and services, monthly listings of investments and acquisitions by companies in the payment industry, and news about executive appointments.

The Nilson Report does not accept advertising of any kind. No company can pay to be featured in the Nilson Report.

For more information on our publication, to start a free trial subscription, or to request an interview with David Robertson contact:

Lori Fulmer
lfulmer@nilsonreport.com

SOURCE: The Nilson Report, www.nilsonreport.com

GlobeNewswire Distribution ID 8719387

Posted on

Delegation of Japan lawmakers to visit Taiwan next week

A parliamentarian delegation from Japan’s ruling Liberal Democratic Party (LDP) will arrive in Taiwan next Monday and meet with President Tsai Ing-wen (???) and other top Taiwanese officials during a four-day visit, Taiwan’s Ministry of Foreign Affairs (MOFA) said Friday.

The delegation led by parliamentarian Hiroshige Seko, who currently serves as secretary-general of the LDP in the House of Councillors in the Japanese Diet, will meet with Tsai, Vice President Lai Ching-te (???), Premier Su Tseng-chang (???) and Legislative Yuan Speaker You Si-kun (???) to discuss bilateral relations between Taiwan and Japan, MOFA said in a statement.

The statement said that in addition to Seko, the delegation will consist of 11 parliamentarians who were part of the LDP faction led by Shinzo Abe, the longest-serving Japanese prime minister who was assassinated in early July while campaigning in Nara.

According to the statement, the group will also pay respects to former Taiwan President Lee Teng-hui (???) at a military cemetery in New Taipei, where the late president was buried, as well as visit a memorial to Abe in Kaohsiung, before departing on Dec. 29.

Both late politicians from Taiwan and Japan, respectively, are regarded by some to have made significant contributions to promoting Taiwan-Japan relations.

The planned visit by the Japanese group, the statement said, will be a testament to the close friendship between Taiwan and Japan.

Taiwan and Japan enjoy “close economic and people-to-people ties,” the statement said, adding that the country looked forward to building further bilateral cooperation after direct interactions with the Japanese group.

Source: Focus Taiwan News Channel

Posted on

Court declares NHI rule unconstitutional

Current regulations that require people who have returned to Taiwan either briefly or have cut short trips overseas to pay National Health Insurance (NHI) premiums are unconstitutional, the Constitutional Court ruled on Friday, as such regulations needed a stronger legal basis given the importance of the issue.

The case originated with a Taiwanese woman surnamed Lee (?) who has been living overseas since 2002 but has been unhappy at being overbilled by the National Health Insurance Administration (NHIA) for NHI premiums each year since 2015 for the brief period when she is in Taiwan to spend the Lunar New Year holiday with her father.

Under the Enforcement Rules of National Health Insurance Act drafted by the NHIA, people who have left the country for six months or more are required to reactivate their NHI plan and pay the premium for the period during which they are in the country.

In 2012, the NHIA put into effect an amendment to the enforcement rules, which stipulates that returnees who have reactivated their NHI plan must not suspend the plan within three months of restarting it.

After Lee ignored the NHIA’s repeated orders that she resume her NHI plan, the agency has sent her bills since 2015 for NHI premiums.

As a result, Lee then took the matter to court by filing an administrative suit with the Taipei District Court, which ruled against her, after which she filed with the Taipei High Administrative Court.

After the latter court also ruled against her, Lee filed for a constitutional interpretation of her case in 2020.

In her complaint, Lee said that the amendment waived the requirement for resumption of the NHI plan only for diplomats and their families, but not for ordinary people, which she said contravened the principle of proportionality.

Furthermore, the provision that people like her must wait at least three months before they are allowed to suspend their NHI plans again ignored their rights and interests, she stated.

The Constitutional Court proclaimed that rules pertaining to the resumption and suspension of NHI plans were unconstitutional on the grounds that the issue is a matter of importance, but there is an absence of legal language justifying such rules in the National Health Insurance Act, which should provide legal basis for the enforcement rules.

The current regulations demanding minimum premium payments of three months from returnees, therefore, contravene the principle of legal reservation, which requires there to be a specific legal basis for a regulation on an important issue, the court’s verdict stated.

The verdict also applied to another provision in the enforcement rules, which stipulates that people who had planned to leave the country for at least six months and suspended their NHI shall have the suspensions voided if they return earlier than intended, and pay back the premiums for the period in which they were overseas.

While the issues defined in these rules are not unconstitutional and do not contravene the principle of proportionality, they should have been introduced through legislation rather than be set by the agency itself, the verdict stated.

Therefore, if the relevant agencies believe that those rules should be retained, they should seek to have them introduced through legislation, it stated.

The relevant authorities have two years to make any necessary corrections, it stated.

Source: Focus Taiwan News Channel

Posted on

No immediate plan for German expansion: TSMC

Taiwan Semiconductor Manufacturing Co. (TSMC) said Friday there is no concrete plan at the moment to expand into Germany, in response to media reports that it is in talks to build its first European chip plant in the German city of Dresden.

TSMC said, however, that it was not ruling out any possibility regarding the issue, but did not elaborate.

Both Nikkei Asia and the Financial Times reported earlier Friday that TSMC is sending a team of senior executives to Germany early next year to gauge the degree of government support for the factory and the ability of the local supply chain to meet its needs, citing people familiar with the matter.

“The trip will be the second in six months by TSMC executives and a final decision on whether to invest billions of dollars in a plant, which could begin construction as early as 2024, is expected to follow soon after,” Nikkei Asia wrote.

Last year, TSMC was asked by customers to consider building a plant in Europe, but it halted an initial review following the invasion of Ukraine, according to Nikkei Asia.

TSMC is now revisiting the idea because of growing calls from Europe’s carmakers for a locally manufactured supply of chips, Nikkei Asia wrote.

Nikkei Asia warned, however, that any move into Germany could strain TSMC’s workforce because it is sending several hundred engineers to support its investment in Arizona and will need to deploy 500 to 600 more to help set up its new factory in Japan.

TSMC held a tool-in ceremony earlier this month for its new semiconductor fab in Arizona, which is scheduled to begin production in 2024, and said it would build another using an even more advanced technology in the state.

The company announced that it would use 4-nanometer technology in the new fab, rather than 5nm technology as had been planned, and also said it would increase its planned US$12 billion investment in Arizona to US$40 billion to include a 3nm fab expected to open in 2026.

Source: Focus Taiwan News Channel

Posted on

DPP in disarray amid scandals in Tainan ahead of speakership election

A string of scandals in Tainan involving local officials affiliated with the ruling Democratic Progressive Party (DPP) has thrown the party into disarray and could harm its chance of winning the election for Tainan City Council speaker on Sunday.

On Friday, Kuo Tsai-chin (???), who resigned as a member of the DPP Central Executive Committee on Dec. 14, announced his withdrawal from the party, a day after DPP Deputy Secretary-General Lin Fei-fan (???) urged him to do so.

In a social media post on Thursday, Lin called on Kuo to leave the DPP over the latter’s alleged involvement in dumping slag illegally in farmlands, for which prosecutors decided not to press charges in 2015 but reopened investigation into in 2019.

The slag dumped in farmlands in Tainan’s Syuejia District in 2015 and the dumping of such waste in other farmlands in 2019 were allegedly from a now-disbanded recycling corporation named Misiasin which was owned by Kuo.

Tainan prosecutors on Dec. 12 indicted Kuo and the other seven people from Misiasin and another company for having about 679,970 tonnes of electric arc furnace slag buried in farmlands in Syuejia and Houbi districts in Tainan.

The two companies made NT$1.8 billion (US$58.5 million) from the illegal practices, according to the indictment.

The dumping issue, which was brought up during the local elections on Nov. 26, was said to be in connection with two shooting incidents involving 88 bullets being fired in Syuejia on Nov. 10, with one taking place at a location which allegedly housed Misiasin.

As of Friday, five individuals linked to the Nov. 10 submachine gun attacks, including Kung Hsiang-chih (???), a Syuejia local with a known criminal history, were arrested and have been detained for investigation, but Hung Cheng-chun (???), believed to be the mastermind of the shootings, is still on the run, according to Tainan police.

In addition, Chen Kai-ling (???), the head of the Tainan City government’s Economic Development Bureau and a former member of the DPP, was taken into custody and held incommunicado early Friday morning for alleged involvement in multiple crimes, including accepting bribery from optoelectronics companies, according to Tainan prosecutors.

Moreover, Fang Yi-feng (???), a Tainan City Councilor-elect of the KMT, reported to the police on Thursday that he was being intimidated by a DPP representative who told him who he should not vote for in the election for city councilor speaker.

Lin Shih-chieh (???), who was brought in by Tainan prosecutors for questioning on Friday for allegedly intimidating Fang, also announced his withdrawal from the DPP on Friday after he was released on bail of NT$50,000 earlier that day.

“As a DPP member from Tainan, apart from being sad to see the city plunge into such a mess, I think we should deeply reflect on ourselves because it was the result of our collective willingness to turn a blind eye to (the alleged wrongdoing),” Lin Fei-fan said in the post.

Lin Fei-fan urged Tainan Mayor Huang Wei-che (???) of the DPP, who defeated the KMT’s Hsieh Lung-chieh (???) on Nov. 26 by a margin of 4.4 percent, which was much narrower than expected, to face up to problems with the city government and the party.

However, some DPP politicians in Tainan have not seen eye to eye with Lin Fei-fan.

Kuo said Lin Fei-fan was putting the blame for the DPP’s poor showing in the Nov. 26 elections on him but claimed that he was innocent of the illegal dumping cases.

DPP Legislator Chen Ting-fei (???), who represents a Tainan district, said Lin Fei-fan did not have much understanding about Tainan.

In the wake of the DPP’s defeat in the Nov. 26 elections, the DPP should bring everyone together to figure out why the party failed to rally its base and try to cement party unity to recover from its failure, instead of pointing fingers at others, Chen said.

On the 57-seat Tainan City Council, the DPP secured 28 seats, followed by the KMT with 15 seats, 10 independents, the Non-Partisan Solidarity Union with two, and Taiwan Solidarity Union and Taiwan Statebuilding Party with one apiece.

The DPP is hopeful of winning the city council speaker position after the Taiwan Solidarity Union and the Taiwan Statebuilding Party expressed support for the DPP’s candidate Chiu Li-li (???), but some DPP members felt that it might still be up in the air.

The DPP caucus at the city council held a meeting Friday, which was supposed to show party unity behind Chiu, but six DPP city councilor-elects left the meeting early without shouting slogans to pledge that they would vote along party lines as the caucus had planned.

DPP Legislator Lai Jui-lung (???), who doubles as the party’s Disciplinary Committee chairman, will sit in on the city council’s meeting on Sunday to ensure that no one would jump party lines and vote for a non-DPP candidate, said Chiu.

Source: Focus Taiwan News Channel

Posted on

Yachting: At the Yacht Club de Monaco the YCM Awards – Trophée Credit Suisse ceremony

MONACO, Dec. 22, 2022 (GLOBE NEWSWIRE) — Celebrating the arrival of new members and rewarding the best sailors. The Yacht Club de Monaco gathered for the traditional winter cocktail party at the presence of his President H.S.H. Prince Albert II and the Monaco Minister of State HE Mr Pierre Dartout. “It’s a pleasure to welcome the new members in our community and it’s an important moment because our members contribute to spread the values of the Club as well as our responsibility to tackle climate change and support ocean preservation. This year has been relevant sport-wise as well with the J/70 Worldchampionship which has seen competing more than 400 sailors from 23 nations and 90 boats”, said Prince Albert II. “It’s an occasion for different generations to share their passion of the sea and everyone has its own way to living that passion. It’s a moment when we can all share and discover what achievements some members have done in the year so it’s’ really enjoyable”, added YCM vice-president Pierre Casiraghi.

In 2022, YCM was also active offshore with two members on the start of the 12th Route du Rhum – Destination Guadeloupe. Boris Herrmann (Malizia-Seaexplorer) and Oren Nataf (Rayon Vert) were competing in this legendary solo race, “We were very proud to have two boats flying the YCM flag on the start of this prestigious transatlantic,” continued the sovereign. Boris Herrmann, skipper for Team Malizia founded by Pierre Casiraghi, will be heading for Alicante in Spain for the start on 15th January 2023 of The Ocean Race, a round the world in stages with crew.

The attachment to the sea and to sporting events are the fundamental principles of the club which brings together the best sailors in the world. The celebration allowed them to be honored at the YCM Awards – Credit Suisse Trophy. The trophy for Ycm Sailor of the year 2022 went to Pierrik Devic. Nominated for the first time, Devic has distinguished himself by his remarkable regularity in the J/70 classification. Crowned Vice-World Champion of the series in Monaco, he has shown extreme consistency throughout the season. “It’s a great honor and a great pleasure. I have to thank my team, it’s been a year of hard work and it’s an amazing achievement for us. For me ambience it’s very important. You can’t have great result without a strong team and you need a great atmosphere on board which the Yacht Club is providing through the coaches and the environment”, said Devik. Among the nominees were great helmsmen: Nico Poons, RC44 world champion, Pierrik Devic, J/70 world vice-champion, Joost Schuijff, winner of the Rolex Middle Sea Race (Monohull Line of Honours), Giangiacomo Serena di Lapigio, vice-champion of Europe in Swan36, Vladimir Prosikhin, vice-world champion in Melges 20 or Leonardo Ferragamo, world champion in Swan50. The evening was also an opportunity to salute the new generation of sailors. For the second time in his young career, Noah Garcia won the cup. After a first consecration in 2019 in Optimist, he was awarded for his very good season in ILCA 4, punctuated by a title of champion of France. The ceremony was  preceded by the presentation of a new distinction by HSH Prince Albert II to all the winners since the creation of the event in 2005. In 2022, members of the YCM saw things big and beyond the sporting prism. Aiming to a better future and feeling the need to bear witness to the state of the oceans, Fabrice Papazian and François Miribel embarked on Boréal 47 Sir Ernst to Antarctica and during the celebration presented their book ‘Sir Ernst’. After the white continent, here they are again preparing their departure for Patagonia, a new expedition during which funds will be collected and donated to a research institute against pediatric cancer.

At the dawn of a new year and the 70th celebrations, YCM intends to maintain its course on major sporting, environmental and innovative projects, under the aegis of the Monaco Capital of Advanced Yachting approach, to contribute to development of sustainable yachting.

For more information:

LaPresse SpA Communication and Press Office Director
Barbara Sanicola – barbara.sanicola@lapresse.it

A video accompanying this announcement is available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/f3068e2b-7e8c-4c6c-b17a-4da5b1254ac4

GlobeNewswire Distribution ID 8719291

Posted on

Digital Dubai Launches ‘Unleashing the Power of Data Through Private Synthetic Data’ Report to Boost Digital Economy

Digital Dubai has launched the world’s first Synthetic Data Implementation Framework. Designed to promote and facilitate the use of synthetic data, the framework is set to increase opportunities to share high-value data, whilst protecting sensitive information.

Synthetic data panel discussion at GITEX, 2022

Synthetic data panel discussion at GITEX, 2022

DUBAI, Arab Emirates, Dec. 22, 2022 (GLOBE NEWSWIRE) — Digital Dubai, the government arm of Dubai tasked with digitising the economy of the emirate, wants to use synthetic data to deliver its mission of boosting data-led innovation and driving the digitisation of Dubai’s economy.

Synthetic data uses artificial intelligence to create near-exact replicas of real-world data. More effective in protecting sensitive data than existing privacy preserving techniques, synthetic data can be used to increase data volume and quality, while correcting biases.

The use of synthetic data is growing within financial services, testing fraud detection methods mimicking customer behaviour to research products, and healthcare using patient record data to advance public health systems while maintaining patient confidentiality. Synthetic data has a range of projected uses, from creating training data for autonomous vehicles and robots to powering digital twin technologies and, eventually, metaverse applications.

Digital Dubai released the Framework to create conditions in which those tasked with using data to power new products, insights and business strategies can do so ethically and responsibly. It builds on a range of initiatives which create advanced digital and data governance arrangements and a world-class data ecosystem.

His Excellency Hamad Obaid Al Mansoori, Director General of Digital Dubai, said: “Our interest in digital data stems from our awareness of its importance. We are witnessing AI-powered technologies transforming every aspect of our lives. Our efforts to work with digital data are an integral part of our journey to lay the foundations of a comprehensive and integrated digital life, supported by smart solutions that are rooted in analysis. They form part of our commitment to implement our wise leadership’s directives to advance Dubai’s position as a city that inspires the world in its quest to create a prosperous future for its citizens and residents. Our recent efforts have been met with notable success, and today, we have developed an advanced practical guide that decision-makers and experts can refer to, globally.”

H.E. Younus Al Nasser, Assistant Director General of Digital Dubai, and CEO of Dubai Data Establishment, added: “This research is in line with Dubai Data Establishment’s mission to build an integrated and thriving system that supports innovation to spearhead the transition towards a comprehensive, fully integrated smart digital life. This pioneering project is one of many designed to develop policies, standards and guidelines to facilitate the dissemination and exchange of data and ensure its proper use.”

Contact Information:
Alexandra Williams
CEO, A Communications
info@a-comms.com
+971585967883

Related Files

FINAL_Dubai Launches ‘Unleashing the Power of Data through Private Synthetic Data’ Report to Boost Digital Economy_FINAL.docx

Synthetic data panel discussion at GITEX, 2022_.jpg

Related Images

Image 1: Synthetic data panel discussion at GITEX, 2022

Photos from L to R: Andrew Collinge, Digital Dubai Adel Al Tamimi, Dubai Electricity & Water Authority Camila Manera, Librodepases & Women Techmakers Ambassador Xiaomei Wang, Insight Zen Ihsan Anabtawi, Microsoft Omar Al Janahi, Digital Dubai

This content was issued through the press release distribution service at Newswire.com.

Attachment

GlobeNewswire Distribution ID 8718641

Posted on

MIDAO awarded Facilitation of DAO Registry Process by government of Marshall Islands

Pacific island nation passes into law the Decentralized Autonomous Organization Act of 2022, legally recognizing DAOs as domestic limited liability companies under the country’s existing laws, underscoring investment and exploration into decentralized ledger technologies

MAJURO, Marshall Islands, Dec. 22, 2022 (GLOBE NEWSWIRE) — In a world-first, the Republic of the Marshall Islands (RMI) announced today that the government has passed into law the Decentralized Autonomous Organizations Act of 2022, which legally recognizes DAOs and enables legal entities registered in the country to formally adopt DAO structures and governance tools. This development marks the furthest any country has gone in legalizing and encouraging the growth of decentralized entities and their associated elements, representing a unique opportunity for MIDAO’s facilitation of DAO Registry Process in the Marshall Islands.

The historic announcement comes amid growing calls for governments to introduce more regulatory oversight and scrutiny of blockchain and cryptocurrency. Following the collapse of the FTX centralized crypto exchange, many governments have announced plans for new legislation and beefed up enforcement from financial watchdog institutions. The government of the Republic of the Marshall Islands recognizes that a ‘one-size-fits-all’ approach will not work in this sector, and recognizes the benefits that decentralization can bring to its economy.

“The Republic of the Marshall Islands is proud to be at the forefront of tech jurisprudence and compliance globally. With this adoption of the DAO Act of 2022, The Marshall Islands commits its courts and its resources to the burgeoning world of decentralization, and recognizes the unique place that decentralized autonomous organizations can hold not just in the blockchain space, but in the broader economy as well. We believe that our island nation is well-suited based on our history of shipping registration and compliance to take this step forward and offer DAOs a place to domicile easily, efficiently, and in a cost-effective manner,” said RMI Finance Minister Bransen Wase.

“We are in the midst of the blockchain revolution, and people all over the world are exploring new ways to organize and make decisions in a more efficient and egalitarian manner. Decentralized autonomous organizations present an enormous opportunity for people to organize in a more efficient and less hierarchical manner. We in the Marshall Islands recognize this unique moment to lead in this critical space,” said Bobby Muller, former RMI Chief Secretary, and President and Co-Founder of MIDAO.

The Decentralized Autonomous Organization Act of 2022 in the RMI legally accomplishes the following:

  • Allows DAOs to incorporate under the internationally recognized LLC structure, so long as they identify as a DAO LLC;
  • Allows for-profit DAOs and not-for-profit DAOs to register;
  • Recognizes DAO governance, voting processes, and framework, including tokenization;
  • Creates an investment fund for the government of RMI to continue education and training around DAOs and how to integrate them further into the economy;
  • Provides definitions and regulations for DAO formation, agreements, and use of smart contracts.

In an effort to attract DAOs and Web3 pioneers, this newly passed legislation establishes a DAO registry process, to be facilitated by MIDAO, a local company with the expertise to attract and explain why the RMI legal system is more beneficial to DAO structures than other jurisdictions in the world.

“During this crypto reset moment following FTX, it is critical that people understand this event would not have happened if the exchange were decentralized – DAO structures could have prevented this from happening. We are honored to work with the government of the Republic of the Marshall Islands who clearly understands the value of decentralization and that legal systems should evolve at the pace of technology,” said Adam Miller, CEO of MIDAO.

About MIDAO
MIDAO incorporates Decentralized Autonomous Organizations in the Marshall Islands, the only jurisdiction to recognize DAOs as they truly are – decentralized. MIDAO facilitates the process for DAOs by handling everything from setting up their legal entities, to providing a physical mailing address and submitting annual filings. MIDAO believes incorporation should be fast and easy so DAOs and their contributors can focus on building. MIDAO believes that DAOs represent the future of how humans organize ourselves and our resources.

For Media Inquiry – jo@serotonin.co

GlobeNewswire Distribution ID 8719220

Proudly powered by WordPress