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Southco Introduces New Universal Latch Sensor

HONG KONG SAR – Media OutReach – 26 July 2023 – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology has introduced a Universal Latch Sensor (ULS) for enhanced security and constant monitoring. Southco’s Universal Latch Sensor is a simple magnet that attaches to an existing latch, and a magnetic sensor that attaches to the inside of an existing door frame. When the door is closed, and the latch is engaged, the magnet comes into proximity with the sensor, sending an electronic signal to your security system. This lets you know the door is closed and the latch is secure.

Universal Latch Sensor
Universal Latch Sensor

This signal from the ULS can be used in a variety of ways, from integrating security systems, to turning on existing lights inside an enclosure. Regardless of the application, the ULS can be easily integrated to provide more reliable monitoring of the status of a latch. Where door sensors may return a “closed” signal even if the door is unlocked, the Universal Latch sensor monitors the latch itself, so users always know if their door is closed, and their latch is secure.

For example, it can be used to turn on indicator lights on a dashboard when a latch is open, or internal lighting, illuminating the inside of an enclosure or storage area before the hinges move. Southco also offers a sensor with built-in LED’s that automatically illuminate when the latch is opened, removing the need for additional lighting in small spaces.

For more information about the Universal Latch Sensor, please visit southco.com or email the 24/7 customer service department at info@southco.com

Hashtag: #southco #Latchsensor #securitysystem #electronicsolutions

The issuer is solely responsible for the content of this announcement.

About Southco

Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.

Avnet Renews and Expands its Agreement with Huizhong to Distribute Smart Water Meters

SINGAPORE – Media OutReach – 26 July 2023 – Global technology distributor and solutions provider Avnet recently renewed its Master Distribution Agreement (MDA) with China’s leading ultrasonics water meter manufacturer, Huizhong, to distribute smart water meters in Australia and New Zealand.

Avnet and Huizhong Contract Renewal.jpg

The agreement, first signed in 2022 for a 2-year period, renewed the appointment of Avnet as sole distributor of its smart water meters in Australia and New Zealand for a further two years. It also expanded the geographical scope of Avnet’s distribution rights to include the key market of Singapore, with a view to progressively include other markets around the world.
While smart water meters have been on the market for some time, Avnet Design Services will be collaborating with Huizhong to develop data loggers with internet connectivity for water meters with pipe sizes greater than 50mm.
Unlike analogue water meters that must be physically read by workers at regular intervals, smart water meters can be read remotely, thus reducing legwork and reducing operating costs. They are also able to report leaks and burst pipes in real time, including details of their exact cause and location. Once alerted, the utility provider can intervene and repair the problem immediately, mitigating the financial loss of wasted water, the environmental impact of leakage and seepage, and the risk of structural damage to property and associated safety hazards.
In addition to saving utility providers millions of dollars in water wastage, householders are able to access data that monitors their daily water usage in real time, via a customer app. With this knowledge, they are subsequently able to adjust their habits to conserve water and save money on their water bills. In addition, smart water meters are able to discreetly monitor the water usage patterns of elderly citizens living alone, and send alerts to next-of-kin when usage suddenly changes or abruptly discontinues. It’s a win-win-win situation – for water utility providers, users, and the environment.
“After the implementation of the smart water meters in Australia, we immediately set our sights on introducing this technology to other countries in the near future. Population growth coupled with the undeniable fact of climate change and the increasing incidence and severity of extreme weather events has exacerbated water insecurity around the world,” said Tan Aik Hoon, Regional President, South Asia, Korea and Avnet United. “The inclusion of Singapore is a milestone achievement for both Avnet and the republic’s shift towards a sustainable future.”
In 2006, the World Bank Paper No. 8 estimated that the global cost of non-revenue water amounts to US$14 billion per year. The market for smart water management is vast, and will only grow as populations increase and place rising pressure on infrastructure and resources.
Tan says that the smart water meters that Avnet has developed in collaboration with Huizhong are an ideal example of how technology can help promote sustainability and, in so doing, help societies, economies and the environment. While the partnership with Huizhong marks Avnet’s first foray into the smart water meter business, it aligns with the organization’s overarching Internet of Things (IoT) strategy, which envisions an entirely interconnected and sustainable world.
“With our ever-expanding range of innovative technology solutions, and the support of strong partners like Huizhong, we are honored to be helping society slowly but surely shift towards sustainability,” added Tan. “With relentless research and a collaborative approach to solving the problems that threaten all of humankind, there is virtually no problem that technology cannot overcome.”

Hashtag: #Avnet

The issuer is solely responsible for the content of this announcement.

About Avnet

As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. We support customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at .

Laos Records Alarming Rate of HIV Infection Among Young People

Communities in Laos learning about HIV and AIDS. (Photo: WHO)

A new report from UNAIDS, the Joint United Nations Programme on HIV/AIDS, estimates that with 42 percent of HIV cases in Laos affecting people below the age of 25, the country has one of the highest rates of HIV infections among young people in the world.

AROW INVESTOR NOTICE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Arrow Financial Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – AROW

New York, New York – Newsfile Corp. – July 25, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Arrow Financial Corporation (NASDAQ: AROW) between March 12, 2022 and May 12, 2023, both dates inclusive (the “Class Period”), of the important August 22, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Arrow securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Arrow class action, go to https://rosenlegal.com/submit-form/?case_id=17331 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 22, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Arrow maintained defective disclosure controls and procedures and internal controls over financial reporting; (2) the foregoing increased the risk that the company could not timely file one or more of its periodic financial reports with the SEC as required by the NASDAQ’s listing requirements; (3) accordingly, Arrow was at an increased risk of being delisted from the NASDAQ; (4) following the disclosure of deficiencies in the Company’s disclosure controls and procedures and internal controls over financial reporting, Arrow downplayed the severity of these issued and the associated risks; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Arrow class action, go to https://rosenlegal.com/submit-form/?case_id=17331 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

CloudMile Is One of the Best Companies To Work For in Asia, Says HR Asia

Award for Taiwan Branch Recognizes Excellence in Teamwork, Organisation and Inclusivity

TAIPEI, TAIWAN – Media OutReach – 26 July 2023 CloudMile, the cloud, data analytics and artificial intelligence (AI) provider, has been recognized as one of The Best Companies To Work For by HR Asia, noting the company’s cooperative, flexible, respectful, caring and stable working environment.

Award Honours Asia’s Top Workplaces
The HR Asia Best Companies to Work for in Asia Awards is a programme that recognizes and honours organisations seen by their employees as among the best places to work in Asia. The award evaluates the quality of HR practices and the degree of employee satisfaction and involvement in the workplace. The award is open to companies from all over Asia and showcases organisations with outstanding HR practices and work environments.

As the economy recovers, organisations continue to place great emphasis on teamwork, employee engagement, care, and empathy for team members. These are among CloudMile’s core values, and the company has been effectively achieving these goals. This is why CloudMile’s Taiwan Branch was selected as an award recipient of HR Asia’s Best Companies to Work for in AsiaTM 2023 (Taiwan Edition).

Why CloudMile Is a Great Place To Work
There are a number of reasons why CloudMile is a popular workplace with excellent employee retention. CloudMile is noted for a flat organisation with high trust, where employees can openly express challenges, and receive assistance without worrying about being blamed. On the contrary, more experienced staff will take the initiative to provide help, guidance and continuing education for other staff.

CloudMile’s diversified and co-prosperous recruitment policy attracts world-class talents from different backgrounds, cultures and regions. CloudMile offers competitive salaries, benefits and stock options to its employees, who work in multinational teams and work with international clients every day. CloudMile also uses a flexible and secure interview process that respects the privacy of the applicants. CloudMile is a great company to work for anyone who wants to grow and innovate in the IT industry.

This is because CloudMile is committed to providing its employees with numerous opportunities for talent cultivation and career development. CloudMile offers management function growth programs, newcomer training, career counseling, interdepartmental rotation and overseas travel opportunities to help employees advance in their careers. CloudMile also fosters a learning organisation culture, where employees can join AoD (Area of Depth) virtual societies, technical book clubs, free English classes and get subsidies for technical certification exams. CloudMile boasts impressive achievements in professional accreditation and technical patents, demonstrating its excellence and innovation in the IT industry.

• Google Cloud Professional Certification: 150+ certificates
• Total professional licenses: 300+
• Average of 3 technical licenses per engineer
• Number of technical patents: 10

In addition, CloudMile is an inclusive employer, where employees are encouraged to be open-minded about culture, race, and gender. This is also reflected in the company’s hiring policy: for example, there is a very high proportion of female employees.

Award Ceremony To Be Held
HR Asia’s Gala Dinner and Award Ceremony on July 20th honoured winners of this award, including CloudMile. The event was organised by Business Media International (BMI), one of Asia’s leading business-to business media and event organisations. Read more about HR Asia’s Best Companies to Work for in Asia awards recognition programme at: https://hr.asia/awards/taiwan-2023/
Hashtag: #CloudMile

The issuer is solely responsible for the content of this announcement.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages NovoCure Limited Investors to Secure Counsel Before Important Deadline in Securities Class Action – NVCR

New York, New York – Newsfile Corp. – July 25, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of NovoCure Limited (NASDAQ: NVCR) between January 5, 2023 and June 5, 2023, both dates inclusive (the “Class Period”), of the important August 18, 2023 lead plaintiff deadline.

SO WHAT: If you purchased NovoCure securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the NovoCure class action, go to https://rosenlegal.com/submit-form/?case_id=17256 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 18, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements regarding the Company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) the Company concealed the true nature of the LUNAR study results-that the overwhelmingly positive way that the Company described them was only a half-truth at best given that the study failed to evaluate the efficacy of the drug against a population of patients that had been receiving standard of care treatment; (2) as a result, the Company’s business prospects, effectiveness of its products, and ultimately the likelihood of FDA approval were materially misleading during the Class Period; (3) the foregoing, once revealed, was reasonably likely to have a material negative impact on the Company’s financial condition; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the NovoCure class action, go to https://rosenlegal.com/submit-form/?case_id=17256 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

Hong Kong Aerospace Technology Group’s ASPACE Hong Kong Satellite Manufacturing Center Holds Grand Opening

One of the World’s Largest Satellite Intelligent Manufacturing Facilities to Advance the Global Commercial Satellite Industry

HONG KONG SAR – Media OutReach – 25 July 2023 – Hong Kong Aerospace Technology Group Limited (“Hong Kong Aerospace Technology Group” or “the Group”; Stock Code: 1725) is pleased to announce the grand opening of its subsidiary, ASPACE Hong Kong Satellite Manufacturing Center, today. The center, which is Hong Kong’s first satellite manufacturing center and one of the world’s largest intelligent satellite manufacturing facilities, marks an important milestone in the development of the city’s aerospace technology industry.

ASPACE Hong Kong Satellite Manufacturing Center of Hong Kong Aerospace Technology Group held Grand Opening on 25 July. The center, which is Hong Kong's first satellite manufacturing center and one of the world's largest intelligent satellite manufacturing facilities, marks an important milestone in the development of the city’s aerospace technology industry.
ASPACE Hong Kong Satellite Manufacturing Center of Hong Kong Aerospace Technology Group held Grand Opening on 25 July. The center, which is Hong Kong’s first satellite manufacturing center and one of the world’s largest intelligent satellite manufacturing facilities, marks an important milestone in the development of the city’s aerospace technology industry.

More than 150 representatives from dozens of countries and regions engaged in commercial aerospace endeavors, including inter-governmental organizations, NGOs, business entities, and government agencies attended the opening ceremony, witnessing a new era of the global commercial space industry. In addition, memoranda of understanding with various overseas organizations and agencies from different countries were signed to facilitate cooperation in research, development and operation of commercial satellites. The scope includes satellite communications, monitoring, telemetry, command, data analysis and other relevant areas.

More than 150 representatives from dozens of countries and regions engaged in commercial aerospace endeavors, including inter-governmental organizations, NGOs, business entities, and government agencies attended the opening ceremony, witnessing a new era of the global commercial space industry.
More than 150 representatives from dozens of countries and regions engaged in commercial aerospace endeavors, including inter-governmental organizations, NGOs, business entities, and government agencies attended the opening ceremony, witnessing a new era of the global commercial space industry.

Professor Dong Sun, Secretary for Innovation, Technology and Industry of the Hong Kong Special Administrative Region Government, said, “We are pleased to see the official opening of ASPACE Hong Kong Satellite Manufacturing Center in the Advanced Manufacturing Centre at the Hong Kong Science Park in Tseung Kwan O. It serves as a good showcase of Hong Kong’s ‘New Industrialization’. The Hong Kong Special Administrative Region Government announced its ‘Hong Kong Innovation and Technology Development Blueprint’ in December last year, outlining the direction and strategy of Hong Kong’s innovation and technology development in the future. The government will encourage and support the development of leading industries such as advanced manufacturing in Hong Kong, with the aim of realizing the city’s ‘New Industrialization’, which will stimulate the development of more other industries, and thus generate more job opportunities for skilled labor and further Hong Kong’s economic diversification. The Innovation, Technology and Industry Bureau would like to encourage more advanced manufacturing businesses to establish a presence in Hong Kong and capitalize on the city’s status as a global city by expanding into more new markets.”

Mr. Sun Fengquan, Co-Chairman and CEO of Hong Kong Aerospace Technology Group Limited, said, “Our hard work for more than four years has culminated in the official opening of ASPACE Hong Kong Satellite Manufacturing Center which marks an important step in the development of Hong Kong’s aerospace industry and precision manufacturing. The Hong Kong Special Administrative Region Government has been vigorously fostering the development of precision manufacturing and promoting re-industrialization in recent years. Such government policies provided support for the development of ASPACE Hong Kong Satellite Manufacturing Center. Hong Kong as a place for starting and running businesses has several advantages, namely its status as a member of the WTO in its own right, a separate customs territory and hub of globalization, its low corporate income tax rate and mechanism for attracting talent. Leveraging the city’s advantages, ASPACE Hong Kong Satellite Manufacturing Center will work together with the Group’s other subsidiaries, namely Hong Kong Satellite Telemetry, Tracking and Control Center and Hong Kong Satellite Data Application Center, which have been put into operation at the same time, to attain synergy in satellite manufacturing and satellite data services. This will enable the Group to decrease the costs of manufacturing satellites and providing satellite data services by more than 20% and will thus make it even more competitive in the global market in terms of efficiency and services.”

ASPACE Hong Kong Satellite Manufacturing Center is located in the Advanced Manufacturing Centre at the Hong Kong Science Park in Tseung Kwan O, covering a site area of approximately 200,000 square feet. It is equipped with 18 sub-systems and over 200 sets of sophisticated devices, including such comprehensive range of equipment for the intelligent manufacturing and testing of a satellite’s overall structure, optical calibration, vibration, mechanical performance, electromagnetic compatibility, thermal control and precision, etc. This, coupled with a team of research and development experts with rich experience in aerospace technology, will enable the center to produce more than 200 commercial satellites of 30 to 10,000 kilograms annually for communication, navigation, both optical and radar remote sensing, and carbon emissions detection.

Many countries’ national development strategies have already covered the aerospace industry, thus accelerating the development of the commercial aerospace industry. The global annual demand for satellites reaches more than 30,000 units (based on an average lifespan of 3 to 5 years for each low-earth orbit satellite). However, the present global satellite manufacturing capacity is only about 6,000 to 8,000 units per year, well short of the aerospace industry’s demand. The target market of ASPACE Hong Kong Satellite Manufacturing Center is expected to reach US$30 billion by 2027, indicating huge potential for business growth. ASPACE Hong Kong Satellite Manufacturing Center will work together with the Group’s other subsidiaries, namely Hong Kong Satellite Telemetry, Tracking and Control Center and Hong Kong Satellite Data Application Center as well as a new operation which is being planned, ASPACE Hong Kong Satellite Launch Center, to attain synergy. This means that the Group’s various business segments such as research and development, manufacturing, testing, telemetry, tracking, and control of satellites, Golden Bauhinia Constellation, and satellite data application will be put into operation successively. ASPACE will provide a one-stop solution that encompasses satellite payload design, the manufacturing, testing and qualification, launch, telemetry, tracking and control of satellites as well as satellite data application for customers worldwide. This will add impetus to the development of the global commercial aerospace industry and serve its needs.

Mr. Sun said, “Looking ahead, Hong Kong Aerospace Technology Group and ASPACE will adhere to the concept of sustainable development, contribute to the world’s technological advancement and enable the adoption of smart technology in everyday life.”

Hashtag: #HKATG

The issuer is solely responsible for the content of this announcement.

About Hong Kong Aerospace Technology Group Limited (HKATG)

Hong Kong Aerospace Technology Group Limited (HKATG) is Hong Kong’s first commercial aerospace enterprise focusing on satellite network engineering and precision satellite manufacturing. Formerly known as Hentech Technologies Ltd which was established in 2003, HKATG is a pioneer in the commercial aerospace industry and technological innovation in the city. HKATG owns five technology centers and manufacturing bases, including a satellite manufacturing center, a space environmental monitoring center, a satellite telemetry, tracking and control center (TT&C), a center for satellite data application and a precise electronic manufacturing center. HKATG’s core business consists of several operations, including satellite constellation engineering (Golden Bauhinia Constellation and Aurora Constellation), satellite data application, satellite design and manufacturing, satellite assembly and testing, satellite payload selection and specification, satellite TT&C service, printed circuit board assembly (PCBA) and electronic manufacturing, and the launch of satellites.

For further information, please visit

WIN SOURCE Ranks Among the 2023 Top 50 Electronics Distributors List by Supply Chain Connect

HONG KONG SAR – Media OutReach – 25 July 2023 – WIN SOURCE, the largest independent distributor of electronic components in Asia with the most direct and extensive distribution network, has been ranked on the 2023 Top 50 Electronics Distributors List by Supply Chain Connect. It features amongst numerous leading electronics distributors from around the world, signifying its prominence within the industry on a global scale. The company currently collaborates with over 3,000 manufacturers and holds over a million SKUs, dedicated to procuring electronic components for global B2B customers in various fields. The industries involved include artificial intelligence and big data, the Internet of Things, industrial control and automation, medical, communications, printed circuit boards, and more.

Fair rankings by reputable news and trends organization Supply Chain Connect are determined each year based on factors such as the company’s revenue, reputation, and local recognition. This achievement emphasizes WIN SOURCE’s capability as a reliable supply chain partner for quality electronic parts, which is also widely known for its competitive pricing flexibility, intelligent supply chain big data system, and professional global technical support team.

This is the third time that WIN SOURCE has been recognized by Supply Chain Connect for its excellent service. The company ranked 2nd on the 2022 Top 30 Asia-Pacific Distributors List, 17th on the 2023 European Distributors List, and 18th on the global distributors list this year. This means they have successfully expanded their reach to impact the global international market and achieved revenue growth in the past, where they achieved a revenue of $613 million USD in 2022, compared to their revenue of $389 million USD in 2021.

“We are thrilled to be ranked as one of the top 50 global electronic component distributors by Supply Chain Connect,” said Ethan Tsai, CEO of WIN SOURCE. “With over 23 years of experience dedicated to optimizing the supply chain of the electronics industry, we are proud that our hard work and efficient services have been recognized for the second year in a row, this time on an international scale. This achievement truly strengthens our commitment to providing excellent supply chain solutions and establishing trusted partnerships with customers worldwide.”

Since its establishment as Asia’s first overseas B2B e-commerce platform, WIN SOURCE has also widely been applauded for its sustainable development and social responsibility, where the company actively promotes environmentally friendly business practices. The very nature of WIN SOURCE’s product replacement solution emphasizes sustainability, where customers are not only provided with obsolete and commonly used parts, but also provided with innovative replacement solutions and services to help them meet current and future business goals. Simultaneously, WIN SOURCE helps reduce excess inventory of components, meaning less waste and provision of multi-source options via alternative solutions.

The company also focuses largely on digital transformation, where it has recently streamlined its processes by implementing intelligent analysis methods and concentrating on energy-saving data indicators. WIN SOURCE has developed its own unique quality control system, from packaging inspection and cargo label inspection to product appearance testing, which comprises visual inspection and nondestructive testing, alongside compliance with precise environment and humidity control. This entire flow has helped the company achieve efficient and accurate quality control over all its products, demonstrating how the power of innovation can streamline and elevate supply chain processes.

In the future, WIN SOURCE will continue building on its digital strategy, integrating transformative and powerful technologies such as artificial intelligence, automation, and the Internet of Things to spur efficiency across all its operations, whilst also advocating for the sustainable development of the semiconductor supply chain. This involves enhancing its internal supply chain operation system, including sales, procurement, warehousing logistics, marketing, and other subsystems in order to support the global supply chain. The company remains dedicated to helping all its customers truly achieve one-stop BOM procurement by automating more customer-facing functions, optimizing the online shopping platform and supplier network, whilst continuously reducing procurement and production costs to allow customers from all industries and backgrounds to develop their businesses to their full potential.

Since 1999, WIN SOURCE has remained committed to providing one-stop BOM procurement for all its customers’ needs within its B2B online platform. Currently, the company has over 230 employees working across 7 locations, including Hong Kong, Singapore, Germany, Italy, the United States, and Japan, as well as its headquarters in Shenzhen, China. All operations at WIN SOURCE are AS9120B, ISO 9001:2008, ISO13485, ISO28000, ISO14001, and ERAI certified, including order entry, customer service, receiving, picking, shipping, purchasing, and inventory.

WIN SOURCE continuously works towards reducing procurement and production costs, aiming to become the preferred partner for electronic components distribution and supply chain management in Asia Pacific and across the world.

For more information and to shop for electronic products, visit win-source.net.
Hashtag: #WINSOURCE

The issuer is solely responsible for the content of this announcement.