Call for Entries Issued for The 21st Annual International Business Awards®

New Technology Solution Awards Categories for Artificial Intelligence

Call for Entries Issued for The 21st Annual International Business Awards®

The Stevie Awards are now accepting nominations for The 21st Annual International Business Awards®, the world’s premier business awards competition, attracting nominations from organizations in over 70 nations and territories each year.

FAIRFAX, Va., Feb. 22, 2024 (GLOBE NEWSWIRE) — The Stevie® Awards are now accepting nominations for The 21st Annual International Business Awards®, the world’s premier business awards competition, attracting nominations from organizations in over 70 nations and territories each year.

All individuals and organizations worldwide—public and private, for-profit and non-profit, large and small—may submit nominations to The International Business Awards. The early-bird entry deadline, with reduced entry fees, is 10 April. The final entry deadline is 8 May, but late entries will be accepted through 12 June with payment of a late fee. Entry details are available at www.StevieAwards.com/IBA.

Juries featuring more than 150 executives worldwide will determine the Gold, Silver, and Bronze Stevie Award winners. Winners will be announced on 14 August and celebrated at a gala banquet in Europe this October (date and location to be confirmed).

The 21st Annual International Business Awards® are Accepting Nominations

The International Business Awards recognize achievement in every facet of the workplace. Categories include:

There are many new and revised features of The International Business Awards for 2024:

  • There are a variety of new Technology Solution Categories for Artificial Intelligence and Machine Learning Solutions, split into subcategories for Financial, Generative (audio, graphics, text, video), Healthcare, and other solutions. There are additional new technology categories for Cybersecurity, Digital Asset Management, Digital Employee Experience, and Knowledge Center/Help Sites.
  • There are many new Event Categories for Cause & Green Events including CSR Experience, Employee Giving & Volunteerism, Inclusive Events, and other Brand Experiences/Events by type including Gamified Experience, Pop-Up Experience, and Immersive Experience.
  • There are new categories sprinkled throughout the category groups for New Product & Product Management Awards, Mobile Site & App Awards, and Website Awards.

Stevie Award winners in the 2023 IBAs included Ayala Land Inc. (Philippines), Anexa BPO (Mexico), Empire Eagle Food (Taiwan), EY Global Services Limited (USA), IBM Corporation (Worldwide), LLYC (Spain), Ooredoo Group (Qatar), Saudi Aramco (Saudi Arabia), TalkLife (United Kingdom), Turkish Aerospace (Turkey), HALKBANK (Turkey), The Dubai Digital Authority (United Arab Emirates), Viettel Group (Vietnam), and many more.

About the Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Contact:
Nina Moore
+1 (703) 547-8389
Nina@StevieAwards.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bfd82c2d-0486-47b4-8122-630fc25eb97c

GlobeNewswire Distribution ID 9040884

Lantronix Announces Percepxion™, Its New Cloud Software Platform for IoT Devices

Percepxion™ comes pre-configured in Lantronix’s gateways, routers, trackers and switches to accelerate IoT edge device deployments

IRVINE, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced Percepxion™, its new Cloud IoT Edge Solutions platform. Percepxion is pre-configured into Lantronix’s award-winning IoT gateways, routers, trackers and switches to provide secure, comprehensive device lifecycle management. The Percepxion platform efficiently scales edge deployments from regional to global and is managed through an intuitive single pane of glass.

“The Percepxion platform provides our customers with an easy-to-deploy IoT solution that comes pre-configured on our connect and compute products,” said Jacques Issa, vice president of Marketing at Lantronix Inc. “Percepxion’s multi-tenant feature enables a B2B solution, generating incremental revenue streams for our end customers.”

Remote installation of Lantronix devices includes zero-touch automated provisioning managed through Percepxion. Site-required firmware, configuration and certificates are remotely loaded to ensure secure data communication and compliant devices. It is ideal for critical infrastructure management, fleet management, smart cities and other end-to-end IoT edge solutions.

Key Percepxion features include:

  • Robust Security. Percepxion simplifies software updates for maintaining robust device cybersecurity. The cloud platform complies with complex security requirements from corporate security offices for devices, data access and users, ensuring integrity and confidentiality across entire solutions.
  • Real-Time Device Operation. Percepxion enables real-time remote access for diagnosing and troubleshooting as well as over-the-air updates with select grouping and automated monitoring that generate alerts and notifications to minimize system downtime.
  • Powerful Data Integration and Analysis. Percepxion’s custom dashboards provide on-demand visibility of device telemetry data. Trend analysis provides edge insights to improve efficiency and create predictive maintenance applications. Enterprise use cases can access data using Percepxion API services for headless operation.

Percepxion’s holistic approach to IoT edge solutions accelerates time to revenue by simplifying edge management and maintenance while providing customers with assistance and long-term assurance.

The Percepxion Service for Lantronix Devices

Delivered as a service, the Percepxion multi-tenant cloud platform provides businesses with comprehensive device lifecycle management through Web and mobile apps. It is offered with bundled Level Technical Support, limited warranty and other optional services

To learn more about Percepxion and review the 60-day free trial offer, visit https://www.lantronix.com/percepxion/.

About Lantronix

Lantronix Inc. is a global provider of compute and connectivity IoT solutions that target high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to achieve success in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

For more information, visit the Lantronix website.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products and expectations regarding our management and our future growth and profitability. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2023, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 12, 2023, including in the section entitled “Risk Factors” in Item 1A of Part I of such report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

© 2024 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-212-0960

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

GlobeNewswire Distribution ID 9041031

XPENG announces dealer partnerships in UAE, Egypt, Azerbaijan, Jordan and Lebanon

  • XPENG, a leading Chinese smart electric vehicle company, announces dealer partnerships in UAE, Egypt, Azerbaijan, Jordan and Lebanon.
  • Through the partnerships, XPENG will bring its EVs to local consumers within each region with branded showrooms and start-to-end customer support throughout the buying process.
  • The partnerships mark several “firsts” for XPENG on its road to globalisation as it aspires to become a leading player in the EV sector.

GUANGZHOU, China, Feb. 22, 2024 (GLOBE NEWSWIRE) — XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announces its latest long-term strategic partnership with UAE dealership group Ali&Sons.

XPENG established partnership with Ali&Sons for UAE market
XPENG established partnership with Ali&Sons for UAE market

Brian Gu, Vice Chairman and President of XPENG with H.E. Ali bin Khalfan Al Mutawa Al Dhaheri, Founder and Chairman of Ali&Sons.

As part of XPENG’s international expansion plans, a growing list of new partners from XPENG’s strategic markets have joined XPENG in bringing the brand’s latest smart EVs to local consumers, including:

  • Egypt, RAYA
  • Azerbaijan, SR Group
  • Jordan, T Gargour and Fils
  • Lebanon, Gargour Asia SAL
XPENG established partnership with RAYA for Egypt market
XPENG established partnership with RAYA for Egypt market

From right: Medhat Khalil, Chairman Raya Holding, and Mohamed El Naggar, CEO Raya Auto From left: Ahmed Khalil, CEO Raya Holding, and Wang Ke, GM Xpeng MEA Region

XPENG global market dealer strategy focuses on establishing partnerships with local dealers to create a first-class distribution, sales, and service network in various regions. The partnerships will enable XPENG to bring its latest smart EVs to local consumers with branded showrooms, after-sales support, and comprehensive guidance through each stage of the buying process.

XPENG G9 flagship SUV
XPENG G9 flagship SUV

G9 features 800 V Silicon Carbide (SiC) platform for ultra-fast charging of up to 300 kW, fully complemented by an immersive cabin experience, with a five-star 2023 safety rating from Euro NCAP

XPENG will offer the G6 SUV and G9 SUV models in UAE from Q3 2024. Developed for global markets, both the G6 and the G9 are underpinned by XPENG’s evolutionary Smart Electric Platform Architecture (SEPA) 2.0 platform, which sets the foundation for future production models while reducing development and manufacturing costs.

XPENG started P7 sedan and G9 SUV deliveries in Israel and Azerbaijan in late 2023. This year, XPENG will start delivering these vehicles in Jordan and Lebanon from Q2, and in Egypt from Q3. The P7 is XPENG’s bestseller, with over 100,000 sales in two years since its global launch.

Alex Tang, GM of International Markets, XPENG, said: “The new markets we are announcing today are recognised globally as the nucleus for EV growth, which makes this the natural and forward-thinking next step in our expansion into the EMEA market. At XPENG, our ambition is to become a leading player in the smart EV sector. We are committed not only to developing products that address local customer needs but also to bringing leading technologies and high quality to global customers.”

The partnerships mark several “firsts” for XPENG on its road to globalisation, with the UAE being the first market XPENG entered in the Gulf region, along with Azerbaijan as the company’s first in Central Asia and Egypt as the first in Africa. Expansion into additional European markets including Germany, the UK, Italy, and France is also set in parallel for this year.

About XPENG

XPENG is a global smart electric vehicle company founded in 2014 in Guangzhou, China, developing clean, intuitive, and creative mobility solutions. With industry-leading R&D facilities, XPENG is bringing vehicles with superior safety, electric efficiency, and on-road performance to markets across the globe. The company is constantly working to advance its core technology offering, including autonomous driving capabilities, SEPA 2.0, and captivating in-car infotainment systems. XPENG has headquarters in Guangzhou and Amsterdam, with additional offices in Beijing, Shanghai, and Silicon Valley.

Contacts:
For Media Enquiries:
Email: pr@xiaopeng.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/181fe711-047f-47c4-9031-367f11e96e3f

https://www.globenewswire.com/NewsRoom/AttachmentNg/ff2a0ac0-109b-468e-b1b3-d055e78c7f74

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GlobeNewswire Distribution ID 9040858

Emirates NBD holds its 17th General Assembly Meeting


DUBAI: Emirates NBD (DFM: EmiratesNBD), a leading banking group in the MENAT (Middle East, North Africa and Turkiye) region, held its 17th General Assembly Meeting on 21 February 2024.

At the General Assembly Meeting, a review of the Group’s performance during 2023 was presented.

Commenting on the Group’s performance, H.Hi. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, said: ‘As we celebrate the 60th anniversary of Emirates NBD, we take enormous pride in everything that has been achieved. Turning all challenges of this year and decades past into opportunities for growth, Emirates NBD has continued to serve as a financial bedrock, trusted partner and beacon of innovation for Dubai, the UAE and beyond. Through effective execution of its strategy, Emirates NBD will continue to fulfil its purpose to create opportunities to prosper for all its stakeholders.’

H.H. added: ‘Emirates NBD’s transformation from a local ambitious bank into a respected international financial institution mirrors the rise
of Dubai and exemplifies its constant drive to be a champion of the UAE banking sector. In 2023, Emirates NBD set new financial benchmarks, demonstrating the Group’s unique proposition in the market and reputation as the most reliable partner to its customers, who are at the heart of its sustainable success.’

Key financial highlights for 2023 included:

Net profit of AED21.5 billion up by an outstanding 65% y-o-y

Total income substantially up 32% to AED43 billion on excellent deposit mix, solid loan growth and strong fee and commission growth across all business segments

Healthy asset growth of 16% to AED863 billion at end 2023

Solid loan growth, up 5% on record Retail financing momentum with AED70 billion of new Corporate lending benefiting from our effective regional presence

Deposit mix is a key strength growing a remarkable AED82 billion in 2023 including AED30 billion of low-cost Current and Savings Accounts

Net interest margin rose 52 basis points in 2023 to 3.95% on favourable loan and depo
sit mix and higher interest rates

Impairment allowances substantially down 33% y-o-y due to exceptionally strong recoveries achieved through the year with impaired loan ratio improving to 4.6%

Earnings per share up significantly by 68% to 332 fils

Sheikh Ahmed added: ‘I would like to thank His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for their ambitious vision and wise leadership, which have played a crucial role in the development of Emirates NBD as well as the broader banking sector in the country. Emirates NBD has led by example in promoting sustainable practices across its operations and communities, as exemplified in its role as Principal Banking Partner for COP28. The Group also introduced carbon trading this year, making it the first UAE bank to empower customers in offsetting carbon emissions, in alignment with the UAE’s Net Zero action plan. Emirates
NBD also pioneered innovative green financing solutions to support customers throughout the UAE and around the world. We are proud to be a champion in gender equality with women now making up 40% of the Group’s total employee base and we are the first UAE bank to commit to a female leadership target, aiming for women to fill 25% of Senior Management positions by 2027. In the years ahead, Emirates NBD Group will continue to serve as it has for the past 60 years, with dedication to our leaders, belief in our goals and confidence in our actions.’

H.H. concluded: ‘I would also like to thank the Group’s Board of Directors, Senior Leadership team and all the Group’s employees for their unwavering dedication to the success of Emirates NBD during this year and for many years to come.’

The following resolutions were passed at the General Assembly Meeting:

1. To approve the report of the board of directors (‘the Board’) on the Bank’s activities and the financial statements for the year ended 31 December 2023.

2. To
approve the report of the external auditor of the Bank for the year ended 31 December 2023.

3. To approve the report of the Internal Shari’ah Supervision Committee in respect of the Bank’s Islamic banking window for the year ended 31 December 2023.

4. To approve the audited balance sheet and the profit and loss account of the Bank for the year ended 31 December 2023.

5. To approve the Board’s proposal to distribute cash dividends for the year ended 31 December 2023 of AED1.2 per ordinary share, being AED7,579,917,903.6 in total, to shareholders on the register of the Bank’s shareholders at the close of the trading on 4 March 2024.

6. To approve the remuneration of the Board for the year ended 31 December 2023.

7. To absolve members of the Board from liability for their work during the year ended 31 December 2023.

8. To absolve the external auditor from liability for work conducted during the year ended 31 December 2023, or to dismiss and pursue the auditor, as the case may be.

9. To approve the appoint
ment of the external auditor for the year 2024 and to determine the fees for the same year.

Special resolutions:

10. To approve the Board’s proposals with respect to non-convertible securities to be issued by the Bank subject to obtaining the necessary approvals from the relevant regulatory authorities, as detailed below, and to authorise the Bank to:

a) undertake any updates of the following existing programmes (which were approved at the GAMs held on 15 February 2016, 12 February 2017, 27 March 2018, 20 February 2019, 10 March 2020, 24 February 2021, 23 February 2022 and 22 February 2023) pursuant to which the Bank issues securities from time to time:

i. the Emirates NBD Bank P.J.S.C US$20,000,000,000 euro medium term note programme (the “EMTN Programme”);

ii. the Emirates NBD Bank P.J.S.C AUD4,000,000,000 debt issuance programme (the “AUD Programme”, and together with the EMTN Programme, the “Existing Programmes”);

b) establish any debt funding programme, up to a maximum amount of US$10,000,000,000,
in addition to the Existing Programmes (the “New Programmes”, and together with the Existing Programmes, the “Programmes”) and undertake any subsequent update of the New Programmes and to authorise the Board to carry out the resolutions relating to the issuance of bonds and Programmes;

c) issue debt instruments, up to an amount of US$10,000,000,000, or its equivalent in other currencies, under any of the Programmes from time to time, with the terms of any such issuance decided by the relevant committee to which the Board has delegated such decisions;

d) issue debt on a standalone basis, up to a maximum amount of US$10,000,000,000, or its equivalent in other currencies, (including, without limitation, through the issuance of conventional notes/bonds, structured notes/bonds, covered notes/bonds, trust certificates or other similar debt instruments (including for regulatory capital purposes up to an amount of US$1,000,000,000 for the purposes of strengthening the Group’s capital adequacy ratio (the capital ins
truments shall include the terms and conditions required by the Central Bank of the UAE, including, as applicable, in relation to additional tier 1 capital instruments and tier 2 capital instruments, the following features: subordination; coupon non-payment events; and non-viability and write-down provisions) or, as the case may be, through collateralised arrangements whether in loan or note/bond format, as the same may be listed and/or admitted to trading on a stock exchange or any other trading platform and/or unlisted)) (“Debt Funding Arrangements”), with the terms of any such issuance decided by the relevant committee to which the Board of Directors has delegated such decisions;

e) in respect of:

i. instruments issued or to be issued under any of the Programmes; and/or

ii. debt issued or to be issued under Debt Funding Arrangements, undertake any liability management exercise with respect thereto (including, without limitation, by way of consent solicitation, exchange offer, tender offer, buyback or an
y combination thereof);

f) prepare and enter into such finance agreements and related documents as may be necessary (including, without limitation, any offering documents/prospectus, relevant programme/dealer agreements, subscription agreements, dealer manager agreements, guarantees, hedging arrangements, listing declarations and all related and ancillary documents) in respect of the foregoing;

g) establish one or more special purpose vehicles incorporated in suitable jurisdictions anywhere in the world, with the specific purpose of acting as the issuers of any debt instruments issued under any of the Programmes or, as the case may be, any Debt Funding; and

h) enter into any document(s) and to take any further steps as may be necessary in connection with the actions set out in this Special Resolution.

11. to authorise the Board of Directors of the Bank, and/or any person so authorised by the Board of Directors, to adopt any resolution or take any action as may be necessary to implement the ordinary and Sp
ecial Resolutions to be adopted by the general assembly in this meeting.

Source: Emirates News Agency

Gulf Businesses set sights on double-digit export growth in 2024, defying geopolitical tensions: Economist Impact-DP World Study


DUBAI: Despite simmering geopolitical tensions, executives in the Gulf region, particularly the UAE and Saudi Arabia, are brimming with optimism, predicting “double-digit exports growth” in 2024. To achieve this ambitious target, they are leveraging innovation and technology to navigate the complexities of global supply chains.

This forward-looking perspective emerges from a research programme led by Economist Impact and supported by DP World. Titled “Trade in Transition,” the study delves into the insights of trade experts and senior executives across the globe, providing a valuable snapshot of the current and future state of international commerce.

The study finds that as the UAE and Saudi Arabia undergo radical transformations to move away from fossil fuels, companies are focussed on diversifying networks and growing exports in new markets in 2024. They want to make their networks more varied, selling more products in new markets. 33% of business leaders believe that expanding operations in new markets w
ill be the primary growth driver of exports for both economies.

This, indicates the study, helps companies deal with problems, lower risks and make it faster to start selling in a new place. About 57% of companies believe they will sell 10% more or even higher in 2024. Also, 40% of companies think they will buy 10% more or even higher.

Abdulla bin Damithan, CEO and Managing Director at DP World GCC, said: ‘As we navigate the evolving geopolitical and economic landscape in 2024, companies are aligning their strategies with initiatives like Dubai’s D33 and Saudi Arabia’s Vision 2030 to tap into new markets and boost opportunities in trade. Our research underscores the critical role of technology in strengthening supply chains and anticipating disruptions. Embracing emerging technologies is not only about overcoming challenges; it’s about resilience, adaptability and a firm commitment to a future where innovation drives success.”

Source: Emirates News Agency