HONG KONG SAR – Media OutReach– 27 May 2022 – Southco, Inc. has completed the acquisition of Darshana Industries Pvt. Ltd, a proven leader in the design and manufacture of access hardware and mechanical components for the India market.
Founded in 1982 and headquartered in Pune, India, Darshana is the trusted supplier to a broad range of industries including transportation, off-highway, telecommunications, and industrial equipment. Darshana’s team of 260 people design and manufacture over 6000 standard and custom products.
For over 75 years, Southco has been the global leader in the design, manufacture, and sale of access hardware. In 2008, Southco established its India regional headquarters and manufacturing facility in Pune and recently doubled the size of the facility to accommodate sales growth and to support the “Make in India” initiative of the Indian Government.
The acquisition of Darshana positions Southco as a leading access hardware manufacturer and supplier in this vital region, which is poised for strong business growth. Most importantly, the two businesses have common cultures of strong people-focused values and a desire for continuous improvement.
“We are excited to welcome Darshana to the Southco family and feel privileged to continue their heritage” stated Philip Kempson, Managing Director for Europe and India. “We are committed to successfully growing the Darshana brand.”
Nilesh Patil, principal shareholder and Director of Darshana commented, “With the support of our team, Darshana has grown to become a leading player in its segment in India. We are excited at the opportunity for Darshana to enter the next phase of growth with the help of Southco’s global footprint and expertise”.
Lincoln International acted as exclusive financial advisors for Darshana Industries and its shareholders on this transaction.
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 75 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.
Southco Asia Limited 2401-2406, Tower 2, Ever Gain Plaza 88 Container Port Road, Kwai Chung Hong Kong
#Southco
The issuer is solely responsible for the content of this announcement.
HONG KONG SAR – Media OutReach– 27 May 2022 – Southco, Inc. has completed the acquisition of Darshana Industries Pvt. Ltd, a proven leader in the design and manufacture of access hardware and mechanical components for the India market.
Founded in 1982 and headquartered in Pune, India, Darshana is the trusted supplier to a broad range of industries including transportation, off-highway, telecommunications, and industrial equipment. Darshana’s team of 260 people design and manufacture over 6000 standard and custom products.
For over 75 years, Southco has been the global leader in the design, manufacture, and sale of access hardware. In 2008, Southco established its India regional headquarters and manufacturing facility in Pune and recently doubled the size of the facility to accommodate sales growth and to support the “Make in India” initiative of the Indian Government.
The acquisition of Darshana positions Southco as a leading access hardware manufacturer and supplier in this vital region, which is poised for strong business growth. Most importantly, the two businesses have common cultures of strong people-focused values and a desire for continuous improvement.
“We are excited to welcome Darshana to the Southco family and feel privileged to continue their heritage” stated Philip Kempson, Managing Director for Europe and India. “We are committed to successfully growing the Darshana brand.”
Nilesh Patil, principal shareholder and Director of Darshana commented, “With the support of our team, Darshana has grown to become a leading player in its segment in India. We are excited at the opportunity for Darshana to enter the next phase of growth with the help of Southco’s global footprint and expertise”.
Lincoln International acted as exclusive financial advisors for Darshana Industries and its shareholders on this transaction.
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 75 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.
Southco Asia Limited 2401-2406, Tower 2, Ever Gain Plaza 88 Container Port Road, Kwai Chung Hong Kong
#Southco
The issuer is solely responsible for the content of this announcement.
Fuel shortages in Laos see many petrol stations closed.
Despite continued fuel shortages that have been described as a crisis for Laos, little guidance has been provided to the public as gaps in supply become endemic.
Vietnamese Deputy Prime Minister Phạm Bình Minh delivering his speech at the 27th International Conference on the Future of Asia in Tokyo on 26 May (VNA).
Vietnam’s Deputy Prime Minister Phạm Bình Minh proposed that Asia strengthen its responsibility in keeping and creating a peaceful and sustainable environment for development and prosperity in the region and the world.
DUBAI, UNITED ARAB EMIRATES – Media OutReach – 26 May 2022 – Bybit’s World Series of Trading (WSOT) has been blazing a trail in competitive digital assets trading, and this year is no exception with registrations set to open on May 26, 2022. Players will compete in the world’s largest crypto trading tournament for a share of the record-breaking prize pool consisting of up to 8 million USDT, non-fungible tokens (NFTs) and other perks and giveaways. To champion crypto as a force for empowerment for girls’ education, through the flagship event, Bybit will be donating $400,000 in Bitcoin to UNICEF.
Breaking down the barrier between virtual and physical sports this year, WSOT returns with an exciting arena to pitch participants in an adrenaline-filled race against gaming athletes from some of the world’s most formidable esports organizations. Competing on skills, speed and split-second judgment, the star guests will navigate the crypto sphere with traders from around the world, making WSOT 2022 the platform for crypto lovers to challenge world champions in esports.
“WSOT this year is all about racing to the next level,” said Ben Zhou, co-founder and CEO of Bybit. “We want to encourage gamers, traders, and teams to join us in a spirit of competition and distinguish themselves at the world’s greatest crypto trading tournament. We also want to use this opportunity to amplify the positive impact of crypto: improving financial literacy and financial inclusion, and putting wealth back in the hands of the common people.”
Bybit’s WSOT was pioneered by the cryptocurrency exchange to recognize traders who could achieve the best profit/loss ratio regardless of the investment amount. Last year, WSOT 2021 saw 35,000 participants who unlocked a record $4.09 million of the prize pool and 1,339 NFT awards. Team players from 136 eligible regions formed or joined 196 troops in the main event, with the top team making 20x in earnings. Nearly 20,000 solo players took part in the individual competition, where the winner delivered a profit and loss ratio of 7,265.94%.
Racing to the Next Level
Doubling the prize pool to up to 8 million USDT for three tracks — Solo Race, Squad Race and Speed Zone Loot, WSOT 2022 is set to captivate crypto lovers worldwide.
“The global WSOT community has unlocked a total of over $5 million in prizes in the past two years. And we are presenting an $8-million prize pool this year to share our passion for crypto with as many people as possible,” Zhou said. “WSOT embodies what Bybit is all about: providing an honest, fair, level playing field for traders to capitalize on their talent. We built this ultra-fast platform trusted by the world’s most competitive traders and loved by crypto beginners, because we believe that in the new world of the digital economy everyone should have equal opportunities and the ability to capture wealth with the power of technology.”
Public registration for WSOT 2022 is open globally where Bybit services are available on June 10. While the trading contest period is from June 27 to July 17, 2022, participants can expect a series of perks, task-based and bonus rewards, fee waivers and lucky draws throughout the summer.
With Bybit’s significant market depth and best-in-class liquidity, participants can look forward to going further in trades and enjoy maximum profitability to rank higher on the leaderboards. Additionally, Bybit’s 24/7 multilingual customer support is available to ensure participants get the support they need and have a timely solution to their trading challenges along the way.
Giving Back
Through participating in WSOT, participants will be supporting UNICEF’s work to ensure all children have access to quality digital education. Bybit is committed to furthering its partnership with UNICEF Aotearoa New Zealand to empower girls’ education in East Asia and the Pacific with another BTC donation equivalent to $400,000 at WSOT 2022, or 5% of the prize pool plus contributions from Bybit.
The donation is dedicated to the UN’s Sustainable Development Goal No. 4 towards “inclusive and equitable quality education” via UNICEF efforts. It helps fund, among other initiatives, digital education for girls in the region by making science and technology education within reach for marginalized groups with innovative education solutions.
“In order to overcome global challenges and ensure a level playing field for future generations, we must bridge the gender digital divide and support the further education of girls,” Zhou said. “We are grateful for the opportunity to use our platform and resources to support UNICEF’s efforts to ensure all children have access to quality education, especially the most vulnerable groups.”
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
HONG KONG SAR – Media OutReach – 26 May 2022 – As the outbreak of the COVID-19 pandemic has continued for over two years, a fast and accurate antibody detection method can help assess the antibody content of the human body, as well as provide reference data for healthcare departments to formulate appropriate vaccination measures. In the long run, the antibody content data can also contribute to epidemiological studies and vaccine development. In view of this, a research team from the Department of Applied Physics of The Hong Kong Polytechnic University (PolyU) has successfully developed an ultrasensitive and portable COVID-19 antibody detection sensor based on organic electrochemical transistor (OECT) technology. Fast and easy-to-use, the sensor is designed for testing the antibody levels of people who have either received vaccination or have been infected with the virus.
A research team from the Department of Applied Physics of PolyU has successfully developed an ultrasensitive and portable COVID-19 antibody detection sensor. Present at the press conference were Professor Feng YAN (left), Professor of the Department of Applied Physics, PolyU; and Dr Helen LAW (right), Associate Professor of the Department of Health Technology and Informatics, PolyU.
Currently, the detection of SARS-CoV-2 immunoglobulin G (IgG) is based on enzyme-linked immunosorbent assay (ELISA) testing of serum samples. Such testing requires the use of bulky medical equipment and can only be performed in hospitals or specialised testing laboratories. It takes about two days to acquire the test results and the cost is high. There is an alternative rapid method based on lateral flow immunoassay (LFIA) testing. However, the sensitivity of this method is lower and incapable of showing the actual level of antibody content.
The COVID-19 antibody detection sensor developed by the PolyU research team comes with an array of advantages – it is highly sensitive, portable, rapid, easy-to-use and low-cost.
The COVID-19 antibody detection sensor developed by the PolyU research team comes with an array of advantages – it is highly sensitive, portable, rapid, easy-to-use and low-cost. The testing procedure is very simple. First, turn on the sensor and connect it to the smartphone app via Bluetooth. Then, drop 10uL of a saliva (or serum) sample on the transistor test area to allow the antibody-antigen reaction. Wait for five minutes, then extract the saliva sample and add an electrolyte drop on the test area. Press the button on the smartphone app to start the test. After about 20 seconds, the app will display the antibody content level of the saliva sample.
The whole detection process takes less than six minutes and the cost per test is only about HK$10.
The antibody detection sensor can test the concentration of antibodies from lower than 10fM to higher than 100nM. The detection limit satisfies the needs of exquisite analytical sensitivity for saliva.
Principal Investigator of the study, Professor Feng YAN, Professor of the Department of Applied Physics at PolyU, said, “Our research team developed a novel technology by applying voltage pulses on the gate of the sliced transistor to accelerate the incubation process resulting in a significant decrease in the overall detection time. Since the detection process is non-invasive, using only saliva instead of blood, self-sampling is highly possible. Moreover, the operation and result reading are very simple with the use of a smartphone, and hence the sensor is suitable for instant detection and large-scale screening scenarios.”
The next plan of the research team is to apply for funding for clinical studies in collaboration with different medical and testing institutions. The research team expects that the novel device can be commercialised as soon as practicable and applied for antibody detection of other viruses, helping to fight diseases and making contributions to epidemiological studies and vaccine development.
Following a report from the World Health Organization (WHO) that cases of monkeypox have emerged in several countries, health officials in Laos are on high alert.
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