March, 2024 - Business News Week

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Nordson EFD Releases New 3-Axis Automated Fluid Dispensing Systems

Mar 30, 2024 by Gayathri Pariti 0 Comments #Dispensing Systems, #GVPlus, #Nordson company

East Providence, R.I., United States
Nordson EFD, a Nordson company (NASDAQ: NDSN) and leading precision fluid dispensing systems manufacturer is proud to announce the new GVPlus and PROX families of automated fluid dispensing products. Both robotic solutions share a focus on motion, workspace, repeatability, payload, setup, and vision technology enhancements.

The new GVPlus automated fluid dispensing solution offers improved repeatability, bigger payloads with simplified setup requirements, and superior vision capabilities. Repeatability is now best-in-class at 8 μm, improving repeatability to ±0.008 mm. Setting up the robot is easier due to a new dual mounting flange that enables a tool payload of up to 4.5 kg (10 lbs).

When paired with the working area of 400 mm x 400 mm, the GVPlus family of fluid dispensing robots offers greater versatility to configure for different types of applications. Enhancements to the CCD smart vision camera deliver high quality images even on challenging surfaces like glass, mirrors, plastics, and non-transparent clear surfaces. To ensure accuracy, EFD’s proprietary dispensing software confirms and automatically adjusts as in-process variations occur.

Like the GVPlus solutions, the new PROX automated fluid dispensing solutions provide improved motion, repeatability, vision, and larger workspace capabilities. New linear motors power the robots, offering better actuation speed, reduced maintenance needs and improved durability. PROX systems extend a best-in-class X, Y, and Z-axis repeatability of ±0.003 mm; the working area is expanded to 500 mm x 500 mm.

The vision system, a CCD smart vision camera, provides precise, high-quality images that are confirmed by EFD’s proprietary DispenseMotion™ software, which automatically adjusts as in-process variations occur. The CCD camera operates on challenging surfaces like glass, mirrors, plastics, and non-transparent clear surfaces.

“With these enhancements to Nordson EFD’s automated dispensing product line, manufacturers will benefit from higher accuracy in fluid deposit placement along with greater versatility that comes from the larger working area and stronger, more durable X, Y, Z movement of the robot tooling,” said Claude Bergeron, Product Line Manager, Automated Dispensing Systems, Nordson EFD. “These improvements will help them meet the demands for higher volume, high-quality production.”

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CrowdStrike Asia Pacific Japan Partner Award Winners Recognized at Partner Symposium

Mar 30, 2024 by Gayathri Pariti 0 Comments #Asia Pacific Japan, #CrowdStrike, #Jon Fox, #Partner Symposium

CrowdStrike (Nasdaq: CRWD) announced the winners of the annual CrowdStrike Asia Pacific and Japan (APJ) Partner Awards at the CrowdStrike Partner Symposium in Bangkok.

The awards recognize the exceptional work the partner ecosystem accomplished, supporting CrowdStrike’s rapid growth in the region. Partners are pivotal to CrowdStrike’s growth, contributing to new logo customer additions as well as driving CrowdStrike Falcon® XDR platform adoption. Winning partner organizations were judged based on the value the organization or individual creates and delivers to mutual customers and CrowdStrike.

CrowdStrike APJ Partner Awards winners include:

APJ Overall Awards

BT – Global SI Partner of the Year
Amazon Web Services – Technology Alliance Ecosystem Partner of the Year
UnThreats – APJ MSSP of the Year
PT. Virtus Technology Indonesia – Distributor of the Year

ANZ

Sekuro Operations Pty Ltd – Partner of the Year
CyberCX – Growth Partner of the Year
Adele Buchanan, CSO Group – Best Partner Salesperson of the Year
Feng Zhang, Sekuro Operations Pty Ltd – Best Partner Solutions Engineer of the Year

India

ACPL Systems Pvt Ltd – Partner of the Year
DigitalTrack Solutions Private Limited – Growth Partner of the Year
Vinod Kumar, Foresight Software Solutions Pvt Ltd – Best Partner Salesperson of the Year
Ramchandran R, Valuepoint TechSol Private Limited – Best Partner Solutions Engineer of the Year

Southeast and North Asia

Nexus Technologies Inc. – Partner of the Year
Systex Information (H.K.) Ltd – Growth Partner of the Year
Ralph Adrian Espena, Trends & Technologies – Best Partner Salesperson of the Year
Lim Eng Kiat, UnThreats – Best Partner Solutions Engineer of the Year

Japan

LAC Co. Ltd – Partner of the Year
ITOCHU Techno-Solutions Corporation – Growth Partner of the Year

“Our APJ Partner Symposium provides an opportunity to recognise outstanding achievement at a business and personal level through these awards and I’d like to offer congratulations to all the winners, as well as all partners who have achieved notable growth with CrowdStrike over the year,” said Jon Fox, VP of Channels, APJ at CrowdStrike. “The conversations we’re having with partners shows that they recognise the value of our single platform approach. Our cloud, identity and next-gen SIEM solutions have generated a huge amount of interest with partners who see significant growth opportunities in these areas.”

Headquartered in the U.S. with global operations, CrowdStrike is one of the fastest growing and most innovative security companies in the world. CrowdStrike is fueling the era of AI-powered cybersecurity. The CrowdStrike partner ecosystem is a key component of delivering CrowdStrike’s mission of stopping breaches by providing industry knowledge, market expertise and access to organizations around the world. The company’s industry-leading AI-native CrowdStrike Falcon® XDR platform has made CrowdStrike one of the most trusted brands in cybersecurity and provides significant growth opportunities for partners.

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Midea Group releases its first-ever ESG brand story with an unexpected VIP visit highlighting its commitment to sustainability.

Mar 30, 2024 by Gayathri Pariti 0 Comments #2030, #and Governance, #Environmental, #Global Reporting InitiativeVIP, #Social

Midea Group, a leading global technology group, recently released its 2023 Environmental, Social, and Governance (ESG) Report with ambitious sustainable development goals set for 2030.

They include achieving over 500 megawatts of photovoltaic power generation, reducing greenhouse gas emission intensity (scopes 1 and 2) by 0.040, secure Energy Management System Certification for 50 factories, and achieve 100% carbon footprint accounting for major categories of smart home appliances.

This is aligned with the Sustainable Development Report Standards of the Global Report Standards of the Global Reporting Initiative (GRI).

The new report and campaign focuses on four dimensions: Protect the Blue Planet, Build a Harmonious Community, Practice ‘Bring Great Innovations to Life’, and Jointly Create the Prosperous Ecology.

The campaign:

Midea’s ESG credentials are comprehensive but communicating them to a wider audience can be complex and run the risk of sounding dry.

For its first-ever ESG brand film, it would have been easy to follow convention with a montage of oceans, rainforests, and renewable energy supported by a prosaic voiceover but in order to cut through, entertainment was key.

With this in mind, a narrative based film was created telling the story of a factory visit featuring Midea‘s most important VIPs. The next generation.

This creative juxtaposition highlights kids as VIPs as well as future beneficiaries of its ESG initiatives. Their characters bring a warmth, simplicity, and charm only kids can provide, allowing the brand to deliver hard facts with a soft touch.

The film was launched globally on 28 March 2024, across Linkedin, Facebook, X, Youtube platforms.

With its unwavering commitment to sustainability, Midea Group is well-positioned to continue leading the way towards a greener and more sustainable future.

Additional Midea ESG facts:

– Currently, Midea boasts 5 Global Lighthouse factories and 28 factories with the national-level green factory titles.

– It also provides its 190,000 employees with a multi-channel talent development system and regularly provides cross-cultural exchange activities.

– Additionally, the company has revealed its plans to invest RMB 140 million towards education development in local communities.

– As a globally responsible citizen, Midea Group aims to support the United Nations Sustainable – Development Goals (SDGs) and has joined the United Nations Global Compact organization. Furthermore, Midea Building Technology has become a part of the SBTi (Science-based Carbon Targets Initiative).

– In recognition of its dedication to sustainability, Media Group was listed in Forbes’ World’s Top Companies for Women in 2023.

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USISPF Announces the Appointment of Mark Linscott as Senior Advisor, Trade Policy

Mar 30, 2024 by Gayathri Pariti 0 Comments #Dr. Mukesh Aghi, #Mr. Mark Linscott, #TIFAs, #USISPF

The US-India Strategic Partnership Forum (USISPF) is delighted to announce the appointment of Mark Linscott, the former Assistant U.S. Trade Representative for South and Central Asian Affairs, as Senior Advisor of Trade Policy at USISPF.

With a distinguished career spanning international trade negotiations, Mr. Linscott brings a wealth of experience, particularly in U.S.-India trade relations. Mr. Linscott served in various senior roles within the U.S. government, and most recently held the position of Assistant U.S. Trade Representative for South and Central Asian Affairs from December 2016 to December 2018.

USISPF

During his tenure, he played a pivotal role in spearheading the development of trade policy with nations across South and Central Asia. He led bilateral Trade Policy Forum discussions with India and drove advancements in Trade and Investment Framework Agreements (TIFAs) with countries such as Central Asia, Bangladesh, Maldives, Nepal, Pakistan, and Sri Lanka.

Mr. Linscott previously served as the Assistant U.S. Trade Representative for the World Trade Organization (WTO) and multilateral affairs from 2012 to 2016 with responsibility for coordinating US trade policies in the WTO.

Dr. Mukesh Aghi, President and CEO of USISPF said, “I am pleased to welcome Mark to USISPF. His profound experience, rich expertise, and insight into trade policies will prove indispensable as we fortify the economic bonds between the United States and India. I am confident that his contributions will significantly enhance USISPF’s role in advancing bilateral trade and investment between our nations.”

Commenting on his appointment, Mr. Mark Linscott said, “I am delighted to join USISPF, which has been a leading voice on the US-India relationship in recent years. I look forward to bringing my trade experience with India, both bilateral and multilateral, to USISPF as we forge ahead with the hard work to build up the trade relationship to the levels of the strategic partnership between the United States and India.”

The United States stands as India’s top trading partner, with bilateral trade currently estimated at approximately $200 billion. The bilateral trade is expected to reach $500 billion in the coming years. There is a tremendous opportunity to further grow US-India trade in areas such as defense, agriculture, space, climate, energy, health, and education as well as critical and emerging technologies like semiconductors, AI, and quantum computing.

This upward trajectory underscores the tremendous opportunity for further growth in US-India trade and underscores the significance of fostering collaborative efforts in trade dialogue and policy formulation between the two nations. As we look ahead, USISPF remains steadfast in its commitment to nurturing and enhancing the enduring partnership between the United States and India.

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Dubai Electricity and Water Authority PJSC Shareholders Approve Payment of AED 3.1 Billion in Dividends

Mar 30, 2024 by Gayathri Pariti 0 Comments #Dubai Electricity, #HE Matar Al Tayer, #HE Saeed Al Tayer, #PJSC Shareholder, #Water Authority

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider and majority owner of the largest cooling services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders have, in the general assembly held on March 28th, 2024, approved the payment of total dividend of AED 3.1 billion with a record date of April 8th, 2024.

Dubai_Electricity_and_Water_Authority_PJSC_shareholders_approv

General Assembly Details

The meeting, chaired by HE Matar Humaid Al Tayer, Chairman of the Board of Directors of DEWA, was attended by HE Saeed Mohammed Al Tayer, MD & CEO of DEWA and Members of the Board of Directors of DEWA as well as 85.9% of the shareholders. The assembly was held on Thursday (28th March 2024) at the Kempinski Boulevard Hotel in Dubai as well as virtually.

Attractive Dividend Yield

For shareholders who are invested in DEWA’s shares prior to the dividend record date of April 8th, 2024 (with a Last Entitlement Date of April 4th, 2024), the next twelve-month dividend yield is 5.0% with reference to IPO share price of AED 2.48 per share.

“Thanks to the insightful vision and wise directives of our wise leadership, Dubai has become a global hub for trade, finance, tourism, and green economy. DEWA plays a crucial role in ensuring that Dubai’s infrastructure keeps pace with the increasing demand for energy and water. Our unwavering efforts have contributed to DEWA’s record of achievements, highlighted the transition to clean energy and established DEWA’s global leadership,” said HE Matar Al Tayer.

“Looking ahead, I am optimistic about our operating and financial outlook for 2024. The surge in tourism, growth in the residential and commercial demand for our services and the rising active day-time population in the Emirate are promising indicators of further opportunities to grow our business. In 2023, DEWA’s annual revenue exceeded AED 29 billion, operating profit was over AED 8.7 billion and EBITDA was over AED 14.7 billion, all figures reflecting the highest in its history,” said HE Saeed Al Tayer.

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Trends in Wardrobe Designs

Mar 29, 2024 by Gayathri Pariti 0 Comments #Lifestyle, #Minimalist, #Qubero, #Sarang Gada, #Smart storage, #storage, #Technology, #wardrobe designs

Mr. Sarang Gada

By – Mr. Sarang Gada, Managing Director – Qubero

Wardrobes have an important role in the field of Interior Design, not only for their functional purposes but also as a statement piece that contributes to enhancing the visual appeal of your space. Over the years, wardrobe design trends have witnessed a significant evolution, reflecting changes in lifestyle, technology, and design preferences. Let’s take a look at the most recent trends in wardrobe design, such as conventional closet systems or new modular installation systems.

1. Minimalist Elegance: Minimalism, characterized by clean lines, sleek finishes, and clutter-free spaces, continues to be a dominant trend in the design of the wardrobe. With the rise of minimalist lifestyles, wardrobes are now designed to maximize storage efficiency while maintaining a visually uncluttered appearance. Increasingly, homeowners looking for a minimal aesthetic are choosing built-in closet solutions that consist of concealing storage possibilities like slide doors and concealable compartments.

2. Customization and Personalization: When it comes to designing your clothes, one size doesn’t always fit all. With regard to their specific needs and preferences, homeowners increasingly opt for a personalized solution. In accordance with individual requirements, modular wardrobes offer the flexibility to adapt the layout, storage configuration, and accessories. In addition, customers will be able to see and customize their wardrobes before they make a purchase with the advent of Digital Design Tools that improve the overall customer experience.

3. Smart storage solution: The clothes are becoming more intelligent at this age of sophisticated technology. The way we organize and access our goods is changing with new storage solutions, such as the mobility racks, sensor-activated lighting, or automatic closet organization system. Smart wardrobes, which are a desirable choice for modern homes, not only maximize the use of space but also simplify the daily routine.

4. Integration of technology: In order to improve functionality and convenience, technology has been seamlessly incorporated into the current wardrobe design. Technology-driven features are adding a touch of luxury and sophistication to the wardrobes, from integrated charging stations and built-in speakers to automated inventory systems. Smart mirrors with built-in displays and virtual wardrobe apps further elevate the user experience, allowing for seamless outfit selection and styling.

By integrating smart storage solutions, sustainable materials, and configurable modular systems, Qubero is revolutionizing the way wardrobes are designed. We offer their clients a wide range of options by adapting to every different client’s needs combining functionality and visual appeal.

Finally, the evolution of wardrobe is influenced by a wider shift towards lifestyle, technology, and design style. Today’s wardrobes are a perfect fusion of functionality and style, from minimalist elegance to smart storage solutions, customization, sustainability and technology integration. In the coming years, as homeowners continue to focus on efficiency, aesthetics, and personalization, we can expect trends in the design of wardrobe to continue to evolve, pushing the boundaries of creativity and innovation.

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Alipay+ Connects 2 Million Merchants in Japan as Global Tourists Travel to the Country for Cherry Blossom Season

Mar 29, 2024 by Gayathri Pariti 0 Comments #2 Million Merchants, #Alipay+, #Cherry Blossom Season, #Global Tourists, #Mr. Akito Kimura, #Mr. Feagin

As merchants in Japan gear up to receive cherry blossom tourists across from around the world, Ant International announced that its cross-border mobile payment solution Alipay+ has connected two million merchants across the country, enabling businesses, big or small, to better serve global visitors through a seamless payment experience with their home country e-wallets.

There are 16 e-wallets and bank apps accepted in Japan via Alipay+, a suite of cross-border digital payment and digitalization technology solutions, namely Alipay (Chinese mainland), AlipayHK (Hong Kong SAR China), MPay (Macao SAR China), South Korea’s Kakao Pay, Naver Pay and Toss, Singapore’s OCBC Digital, Changi Pay and EZ-Link, Malaysia’s Touch ‘n Go eWallet and MyPB by Public Bank Berhad, the Philippines’ GCash and HelloMoney, TrueMoney (Thailand), Hipay (Mongolia), and Tinaba (Italy).

Powered by Alipay+, transaction volume made by e-wallets and bank apps in Japan jumped over 200% in the first three weeks of March, compared with the same period in 2023. Transaction value is estimated to account for about 10% of total spending among users during their stay in the country, Douglas Feagin, President of Ant International, said during a press conference in Tokyo.

Among all, Alipay, AlipayHK, Kakao Pay, Touch ‘n Go eWallet, GCash and TrueMoney are among the most popular e-wallets used by travelers to Japan, while MPay, Naver Pay and Toss are seeing rapid growth in transactions.

Mr. Feagin said, “We are grateful to our over 40 local acquiring partners in Japan, including both big institutions as well as small ones that only have several employees, for their tremendous support to promote a seamless, transparent and efficient experience together for local businesses and international travelers.

“By working with these partners, Alipay+ provides global tourists with a seamless digital payment experience that is the same as in their own markets. Without any extra efforts, tourists can make purchases by simply scanning the QR code at merchants of all size, without worrying about foreign currency exchange or any language barriers.”

In Asakusa, a vibrant neighborhood and popular tourist destination with small souvenir shops and snack stalls, an increasing number of merchants are leveraging the simplicity of QR code to do businesses. PayPay, a leading cashless payment service and partner of Alipay+ in Japan, supports the merchants, facilitating seamless transactions for both locals and tourists alike. In Asakusa, the monthly cross-border mobile transaction volume is more than 5 times higher on average, reflecting the growing trend of cashless payments in the area.

At Daimaru Matsuzakaya Department Stores, a flagship department store chain in Japan, transaction volume made by Alipay+ partner e-wallets and bank apps rose over 10 times in the first two months of this year, compared with the same period last year.

Mr. Akito Kimura, Manager of Inbound Business Division for Daimaru Matsuzakaya Department Stores, said, “Starting with connecting Alipay to make Chinese customers more at home, we are pleased to expand our partnership with Ant International by integrating with Alipay+. This will allow us to accommodate the preferred payment methods of our international customers through simple integration. We look forward to working together to drive more innovation, ensuring all customers can enjoy a memorable and peace-of-mind shopping experience at our stores.”

Ms. Venetia Lee, CEO of AlipayHK, said, “Japan is the first foreign destination of AlipayHK as it is one of the most favorite travel destinations for the Hong Kong residents. Powered by Alipay+, Hong Kong people can now use AlipayHK to make purchases at local stores and use car-hailing in Japan, which are settled in Hong Kong dollars with competitive exchange rates in the market. With the increasing acceptance of Alipay+ among local merchants in Japan, the daily transaction values and volumes of AlipayHK in the country in the first quarter have surged 3.5 times and 5 times over the previous quarter. I am confident that the usage of AlipayHK will continue to grow in Japan on the back of the strong adoption of Alipay+ services among the Japanese merchants.”

Mr. Ren-Ren Reyes, president and CEO of GXI (G-Xchange, Inc.), the mobile wallet operator of GCash said, “Our long-standing partnership with Alipay+ has allowed us to be an indispensable companion for Filipino travelers in now 47 countries and territories around the world. We are glad to continue strengthening our collaboration with Alipay+ to ensure every Filipino has a seamless and secure cashless payment option when they travel abroad.”

Mr. Won-Keun Shin, the CEO of Kakao Pay, a major acquirer in South Korea, said, “We are glad that users can easily and conveniently pay with Kakao Pay at 2 million large and small merchants in Japan, one of the most visited countries by Korean tourists. Through discussions with Alipay+ as well as several e-wallet partners representing each country, we will accelerate global expansion and provide more benefits.”

Mr. John Sun, Chairman and CEO of Macau Pass, stated, “As the leading mobile payment e-wallet in Macao, MPay, together with Alipay+ which has launched a suite of innovative digital cross-border solutions, strives to create a smart e-wallet that facilitates Macao residents to travel globally, this could also solve the issues they encounter with payment while travelling overseas, thus improve travelers’ payment and shopping experience. MPay will continue to expand in e-payments, lifestyle services, and marketing technology services to develop more open and diversified intelligent payment business scenarios.”

Mr. Alan Ni, Chief Executive Officer of TNG Digital Sdn. Bhd., the operator of TNG eWallet, said, “As Malaysia’s top eWallet provider, we’re committed to serving users locally and expanding globally. Our partnership with Alipay+ has seen transactions surge sixfold this year, specifically in Japan, a true testament to our dedication to innovative payment solutions. With over half of Malaysia entrusting TNG eWallet as their preferred digital payment and financial services provider, we aim to be the ultimate travel companion, ensuring easy and safe transactions wherever our users go.”

Ms. Monsinee Nakapanant, Co-President of Ascend Money, the operator of TrueMoney said, “Japan ranks as one of the most popular destinations with approximately 1 million Thai travelers each year. We are pleased to work with Alipay+ to create more inclusive cross-border payments and enable Thais to enjoy safe, real-time, and cost-effective payments with their accustomed home wallet TrueMoney. Enabling the travelers to connect with Japanese merchants of all sizes will also expand their experiences of local culture and people that would make their trip more memorable.”

Introduced by Ant International in 2020, Alipay+ now connects over 88 million merchants in 57 countries and regions to 1.5 billion consumer accounts on over 25 e-wallets and bank apps, allowing consumers to travel and pay hassle-free globally, and merchants to build out cross-border consumer engagement and digital marketing.

The service builds on Alipay+’s extensive regional partnerships, including those with national QR schemes including Singapore’s SGQR, Malaysia’s PayNet, South Korea’s ZeroPay, Sri Lanka’s LankaPay and Cambodia’s KHQR.

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JISA Softech Secures MoU for Advanced Hardware Security Module, Moving Towards Atmanirbhar Bharat in Security Chip Development

Mar 29, 2024 by Gayathri Pariti 0 Comments #Advanced Hardware Security Module, #IIT Kanpur, #JISA Softech, #Ms. Isha Oswal

JISA Softech, an N-CoE incubated Indian Deep Tech Startup, proudly announces the signing of a MoU with the Centre for Hardware Security Entrepreneurship Research and Development of Data Security Council of India, in collaboration with Professor Debapriya Basu Roy, from Department of Computer Science and Engineering, IIT Kanpur. The signing of a MoU highlights a shared commitment to advancing the nation’s capabilities in hardware security technology, and marks a significant step forward in India’s journey towards self-sufficiency in security chip development. JISA will be the first Indian company to build a complete HSM (Hardware Security Module) technology stack from bare metal to application, supporting both existing and post-quantum cryptographic capabilities.

DSC

Ms. Isha Oswal, CEO at JISA Softech, said, “Our mission is to empower India with Make in India data protection and data privacy solutions. Our advanced HSMs promise not only to enhance digital trust but also to raise the bar for data protection and privacy standards, thus ensuring a safer and more secure digital ecosystem.”

Mr. Rumit Shah, Director at JISA Softech, stated, “We are immensely proud to embark on this transformative journey towards establishing India as a global hub for advanced security chip development. This MoU underscores our unwavering dedication to fostering indigenous innovation and strengthening our nation’s cybersecurity landscape.”

Hardware Security Modules (HSMs) are essential components that play a critical role in securely storing and managing cryptographic keys and sensitive data. They are specifically designed to safeguard digital keys, perform complex cryptographic operations, and create formidable barriers against unauthorized access or manipulation of stored information.

Highlighting the importance of the partnership, Prof. Debapriya Basu Roy said, “The collaboration with JISA will ensure that Indian technology stands at the forefront of global innovation in safeguarding data and privacy with advanced solutions. This partnership demonstrates our commitment to creating innovative Made in India data protection solutions. The partnership will develop advanced HSM technology for a more secure digital future and a strong cybersecurity framework for India.”

By developing advanced HSMs with support for Post Quantum Cryptographic Algorithms, JISA Softech is aiming to enhance India’s technological infrastructure and strengthen the nation’s data security capabilities, preparing for the challenges posed by a post-quantum world. These HSMs, which can run on FPGA or proprietary ASIC platforms over RISC-V (RISC-V is an open standard instruction set architecture based on established reduced instruction set computer principles) or ARM architectures (It is a contract between the hardware and the software, defining how they interact with one another), promise to future-proof our digital infrastructure while simultaneously raising the standards in digital trust, data protection, and privacy.

Prof. Debapriya Basu Roy, an Assistant Professor in Department of Computer Science and Engineering at IIT Kanpur, is a leading researcher in Hardware Security in India. His expertise includes FPGA-based hardware accelerators for cryptographic algorithms used in HSMs. He focuses on post-quantum cryptography, homomorphic encryption, side channel analysis, FPGA security, machine learning security, and efficient HLS (High-Level Synthesis) designs. He is responsible for developing accelerators for multiple cryptographic algorithms integrated into the HSM.

As we move forward with this collaboration, we envision a future where Indian technology stands at the forefront of global innovation, safeguarding data and privacy with advanced solutions. This collaboration demonstrates our commitment to creating Made in India data protection solutions while also strengthening our commitment to innovation. We are honored to contribute to a more secure digital future for our nation by developing advanced HSM technology and strengthening the cybersecurity framework of our nation.

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EIG’s MidOcean Energy Completes Acquisition of Tokyo Gas’ Interests in Portfolio of Australian Integrated LNG Projects

Mar 29, 2024 by Gayathri Pariti 0 Comments #De la Rey Venter, #LNG Projects, #MidOcean, #R. Blair Thomas, #Tokyo Gas

MidOcean Energy (“MidOcean”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announcedthe completion of its previously announced agreement to acquire Tokyo Gas Co., Ltd’s (“Tokyo Gas”) interests in a portfolio of Australian integrated LNG projects.

The acquisition includes Tokyo Gas’ interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects. The portfolio benefits from experienced operators, including Chevron, Woodside and Shell, and spans the LNG value chain from upstream operations to midstream, liquefaction and sales. As part of the transaction, MidOcean will open an office in Perth, Australia, to support and oversee the projects.

R. Blair Thomas, EIG’s Chairman and CEO said, “We are strong believers in the role of LNG as a key enabler of the energy transition and have formed MidOcean to provide partners and investors differentiated exposure to the asset class. With these foundational assets, MidOcean has entered key projects and markets in Asia, which form the center of gravity of the global LNG business. De la Rey and team have an ambitious growth strategy that is expected to build on this foundation and expand geographically. Our focus on integrated projects is central to the strategy and affords MidOcean the opportunity to capture value across the full LNG value chain.”

“The acquisition of these high quality, cash flowing LNG projects is a significant milestone in MidOcean’s strategy to build a diversified, global ‘pure play’ integrated LNG company that supports the world’s transition to a low-carbon future,” said De la Rey Venter, MidOcean’s CEO. “This transaction accelerates our ambition to be a leading player in the global LNG sector for decades to come, and we look forward to servicing key LNG customers in Japan, Asia and across the globe.”

Barrenjoey, Barclays and JP Morgan acted as financial advisors to EIG and MidOcean in connection with the transaction. White & Case acted as legal advisor to EIG and MidOcean.

Archive: March 30, 2024