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A Global Gathering, A One-Stop Exhibition | Shanghai is Set to Host SinoFoldingCarton 2025 on April 8-10

SHANGHAI, Jan. 16, 2025 /PRNewswire/ — Amid the global trend of plastic reduction, the carton market is ushering in tremendous growth opportunities. The function of paper packaging as a plastic substitute offers significant value-added, making it an innovative packaging choice that is being increasingly adopted by various end products.


WEPACK 2025, along with its seven series shows such as SinoFoldingCarton 2025, will be held at the Shanghai New International Expo Center from April 8-10, 2025. Organized by RX, the exhibition features seven series shows of a total exhibition area of 14,000+ square meters to pool together more than 1,500 exhibitors worldwide, and strives to advance deep integration of the global folding carton industry and bring new business opportunities.

Since its initial edition, SinoFoldingCarton has not only gained widespread industry recognition and trust, but also emerged as a trendsetter leading industry development with its forward-looking vision and in-depth insights into global industry trends by consistently focusing on future industry development directions and committing to showcasing cutting-edge technologies, new business models, innovative concepts, and novel solutions. As an industry-leading showcase platform, it continues to drive industry progress, and provides trend guidance and inspiration for practitioners while bringing the industry to new peaks.

Global Collaboration Builds New Industrial Heights

With a profound influence in the global post-press market, SinoFoldingCarton helps folding carton post-press packaging and consumable suppliers gain high-quality development opportunities on multiple tracks and amid globalization via efficient global matchmaking services and resources.

Supported by over 100 national and regional associations in groups, SinoFoldingCarton 2025 will welcome more than 30,000 packaging and printing industry visitors, including 2,500+ overseas visitors from 110 countries and regions. With 300+ overseas agents present, it will build a comprehensive international platform for exchanges and cooperation.


Currently invited overseas visitors and agents are primarily from the United States, Canada, Mexico, Brazil, Argentina, Germany, Italy, Spain, the United Kingdom, Finland, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Singapore, Saudi Arabia, Turkey, UAE, Qatar, Poland, Czech Republic, Romania, Estonia, Kazakhstan, South Africa, Algeria, Egypt, Libya, Morocco, Nigeria, etc.

Participating enterprises may showcase their products and technologies onsite, expand international markets, and enhance brand influence; global purchasers will have access to the most cutting-edge production technologies and solutions in the packaging and printing industry, expand quality purchase channels and improve purchase efficiency and quality, in order to create efficient connections between packaging and printing industry enterprises from different countries worldwide.

Industrial Chain Exhibitors Gather for a Powerful Engine of the Folding Carton Industry

Leveraging the advantage of seven series shows concurrent with WEPACK 2025 on brand owners’ demand resources, SinoFoldingCarton 2025 will promote the enhancement of production equipment and processes in the folding carton processing link, luring more valuable trade buyers to visit.

At the exhibition site, exhibitors from the whole folding carton processing industrial chain, across pre-press equipment, printing equipment, carton post-press processing equipment, rigid box processing equipment, bag-making equipment, plastic box processing equipment, food paper container equipment, paper, consumables, and accessories, etc., will gather to demonstrate their strengths in folding carton processing.

Notably, this year’s exhibition introduces three new themed zones: Automation and Digital Factory Zone, Environmental Protection and Carbon Neutrality Zone of Printing & Packaging, and High Value-Added Equipment Zone, focusing on the three major concerns currently facing packaging enterprises, namely automation, environmental protection, and high value-added, and providing the strongest engine for folding carton industry’s newer and better development.

A Summit of Intellectuals Ignites New Industry Brilliance

SinoFoldingCarton 2025 will host multiple high-value concurrent events, where domestic and international experts, scholars, and enterprise representatives will engage in practical exchanges centered on packaging and printing industry development trends, technological innovation pathways, and application prospects, etc., in a bid to provide feasible recommendations and directions for industry development, while offering visitors rich intellectual resources and broad industry vision.


TAP Trade Matchmaking Facilitates Efficient Order Conversion

Throughout previous editions of SinoFoldingCarton, the organizer’s TAP trade matchmaking service has enabled efficient exhibitor-visitor supply-demand connections through both online and offline channels, effectively nailing onsite orders. At SinoFoldingCarton 2025, TAP trade matchmaking service will continue to be offered to interested visitors and exhibitors, with a specialized docking platform built to assist in consulting collaboration with visitors, expanding resources, and securing orders for exhibitors.

Additionally, the organizer has conducted in-depth global promotion and visitor invitation campaigns, held overseas press conferences/roadshows, and participated in local events, so as to gradually deepen communication with the folding carton industry worldwide, invite high-quality overseas buyers to visit and purchase at SinoFoldingCarton 2025, and thoroughly foster global packaging and printing industry exchanges and cooperation.


Pool strengths to share opportunities. SinoFoldingCarton 2025 strives to craft itself into an authoritative platform for global packaging and printing industry new product and technology releases, a platform for scientific and technological achievement R&D and application exchange, and a convergence platform for innovation chains, industrial chains, and talent chains. We look forward to working with you for an infinite future of the folding carton industry and jointly composing a brilliant chapter. See you at the Shanghai New International Expo Center from April 8-10, 2025.

CONTACT:
Jessica Zhu
jessica.zhu@rxglobal.com 

ENROAD Elevates Vehicle Travel Experience with Launch of Nomadix Pro Roof Box on Kickstarter

NEW YORK, Jan. 16, 2025 /PRNewswire/ — ENROAD, a brand dedicated to delivering premium, innovative car rooftop box solutions for modern travelers and adventurers, is excited to announce the global launch of the Nomadix Pro Roof Box. This cutting-edge product combines smart technology with practical functionality, revolutionizing road trips, daily commutes, and outdoor journeys.


ENROAD Launches Nomadix Pro Roof Box to Elevate Vehicle Travel Experience

The Nomadix Pro Roof Box will officially debut on Kickstarter at 10 A.M. EST (11 P.M. BJT) on January 16th, offering up to 33% off until March 17th, with estimated delivery in May 2025. For more detailed information and to order the Nomadix Pro, please visit: https://www.kickstarter.com/projects/enroad/enroad-nomadix-pro-roof-box?ref=c2vthd

“ENROAD is fueled by a passion for innovation,” said Wei, the Director of Product Development. “The Nomadix Pro Roof Box is more than just a storage solution but a symbol of freedom, convenience, and smart design that empowers users to embark on their next adventure without limits.”

Revolutionary Design

The Nomadix Pro Roof Box combines sleek design with superior functionality. Its streamlined curves and fully aligned upper and lower lids not only optimize aerodynamics, reducing drag and wind noise, but also reflect the minimalist aesthetics of modern electric vehicles like Tesla. The box’s reinforced structure—featuring five bow-shaped ribs and a double-shell bottom lid—ensures exceptional durability and support, even under challenging conditions.

Industry-First Innovations

ENROAD has packed the Nomadix Pro with cutting-edge technologies to meet the needs of today’s travelers and adventurers. With Smart Fingerprint Unlocking, the Nomadix Pro Roof Box enables the industry’s first keyless unlocking system for hassle-free access. Supporting up to 20 fingerprints, with a backup mechanical key, this feature ensures both convenience and security.

Additionally, the integrated full-width tail light automatically illuminates, enhancing both style and safety —without the need for wiring. The built-in 30W solar panel easily harnesses sustainable energy to power devices and accessories during outdoor trips. The Trispark Energy Module, a 20,000mAh power bank, is another highlight that can be used as a built-in camping lamp with SOS mode, ensuring users are prepared for any situation.

Flexible Storage for Every Travel

The Nomadix Pro Roof Box offers spacious storage for up to five carry-on-sized suitcases and additional gear—perfect for camping, ski trips, road trips, or everyday storage.  The innovative RailTie track system ensures flexible organization, allowing users to secure and adjust items effortlessly. A removable felt mat at the bottom enhances grip, reduces noise, and is easy to clean, making packing stress-free.

Blending innovative functionality with modern aesthetics, the Nomadix Pro Roof Box promises to redefine what a rooftop storage solution can be. Be among the first to back the Nomadix Pro on Kickstarter and secure the revolutionary product at just $799 for the basic XL Slim model. The first 100 backers will also receive exclusive gifts, adding even more value to this groundbreaking offer.

About ENROAD

ENROAD is dedicated to designing innovative travel gear that meets the needs of modern travelers. With a focus on sustainability, functionality, and cutting-edge technology, ENROAD strives to inspire a new era of exploration and outdoor enjoyment.

For more information, please access ENROAD official website: https://www.enroadgear.com/

Adani Group’s Copper Arm Joins International Copper Association

WASHINGTON, Jan. 16, 2025 /PRNewswire/ — Kutch Copper Ltd, part of Adani Group has joined the International Copper Association (ICA) as its newest member. Headquartered in Washington, D.C., ICA is a not-for-profit trade association representing half the world’s copper production, with 33 members across six continents.

Strategically located in Mundra, Gujarat, Kutch Copper is a fully owned subsidiary of the group’s flagship incubator Adani Enterprises. Adani Enterprises is investing approximately $1.2 billion to establish a copper smelter with an initial capacity of 0.5 million tons per annum (MTPA) in the first phase. Kutch Copper’s state-of-the-art facility will also produce copper cathodes, rods, and other byproducts, significantly contributing to India’s goal of becoming self-reliant in copper production.

Dr. Vinay Prakash, Managing Director of Kutch Copper, shared his optimism about joining the ICA. He said, “India is poised to become a significant hub for copper and its products in the coming decades. We believe that Kutch Copper’s membership in the ICA will allow us to actively contribute to sustainability initiatives and develop innovative applications and products within the copper sector. We look forward to collaborating with the global copper community to enhance the value chain for this essential metal, which plays a vital role in the transition to net zero.” 

ICA President and CEO Juan Ignacio Díaz expressed his enthusiasm for the new partnership, stating, “We are delighted to welcome Adani Metals Kutch Copper Ltd. to our community. Their efforts in advancing sustainable and innovative copper production strengthen our collective mission to promote, protect, and defend copper’s essential role in enabling the technologies and infrastructures needed for global decarbonization. With their presence, we are particularly excited to support copper’s growth in regions where its key applications are expanding.”

ICA Chairman of the Board, Glencore’s Stephen Rowland, added, “KCL’s membership in ICA strengthens our commitment to promoting sustainable practices and developing new applications for copper. We are excited to collaborate with them and support their efforts to drive positive change in the industry.”

Upon the successful completion of the second phase, which will add an equivalent capacity, Kutch Copper will achieve a total capacity of 1 MTPA, positioning it as one of the largest single-location custom copper smelters globally. The company is committed to maintaining high environmental, social, and governance (ESG) performance standards while leveraging advanced technology and digitalisation. Kutch Copper is working towards adding copper tubes to its portfolio as part of its forward integration strategy. 

About Kutch Copper Ltd.

Kutch Copper Ltd. (KCL), a wholly owned subsidiary of Adani Enterprises, the flagship incubator of the Adani Group, is establishing a state-of-the-art greenfield copper custom smelting and refining complex. Positioned to become a key contributor to India’s green energy infrastructure, KCL is committed to meeting the nation’s growing copper demand. The company is focused on sustainable and innovative production practices, aligning with India’s broader vision of fostering economic growth and development. KCL operates within the metals and materials vertical, one of the four major business segments of the Adani Group, alongside energy & utilities, transport & logistics, and consumer verticals.

Learn more at www.adanimetals.com

About the International Copper Association

The International Copper Association (ICA) is the voice of copper and works to promote the copper story, protect its markets and defend and sustain its demand. We are a not-for-profit trade association representing half the world’s copper production, with 33 members across 6 continents. Headquartered in Washington, D.C., we operate in the U.S., Europe, Asia and Latin America.

Learn more at internationalcopper.org

 

G2 Awards 22 Badges to MSA including No 1 for Most Recommended, Competitive Pricing, Expertise and User Satisfaction in the Financial Consulting Category

SHANGHAI, Jan. 16, 2025 /PRNewswire/ — MSA, a leader in Asia company incorporation and accounting services, today announced that it has been recognized by G2 — the world’s largest and most trusted unbiased review platform — as a top-ranked firm across 22 sub-categories for financial consulting. Among these honors, MSA holds the #1 position for Most Recommended, Competitive Pricing, Expertise, and User Satisfaction.

“This recognition from G2 underscores our unwavering commitment to growing the businesses of our clients in the Asia-Pacific through strategic business advice, company incorporation and accounting services,” remarked Managing Partner Raoul Schweicher. “We’re honored to be named #1 in the critical areas that matter most to our clients — including pricing, expertise, and overall satisfaction. These accolades validate our team’s dedication to delivering exceptional results, and we look forward to building on this momentum.”

G2 reports are released quarterly, ranking products and services based on verified peer reviews from the G2 community, as well as aggregated data from online sources. More than 1 million professionals annually consult G2 to guide their business and purchasing decisions, making its top rankings across 22 sub-categories a significant milestone for MSA.

Highlights from the G2 Fall 2024 and Winter 2025 Awards

  • #1 Most Likely to be Recommended (Fall 2024 & Winter 2025) — Reflecting high client advocacy and trust.
  • #1 Competitive Pricing (Fall 2024 & Winter 2025) — A reference to the affordability of MSA’s services and its support for budget-conscious SMEs and startups.
  • #1 for Expertise (Fall 2024 & Winter 2025) Showcasing MSA’s deep domain knowledge and proven methodologies.
  • #1 for User Satisfaction (Fall 2024 & Winter 2025) — Emphasizing a client-centric approach that consistently meets and exceeds expectations.

MSA offers end-to-end company formation and accounting services that take businesses from initial strategy and registration, through ongoing financial reporting and compliance. By leveraging advanced analytics and expert consulting, MSA helps businesses incorporate their entity, set up investment vehicles and maintain robust financial systems. MSA provides expert assurance for international businesses, guiding them through complex tax, accounting, and investment requirements and saving them significantly on the cost of Asia-Pacific expansion:

“Our success is rooted in the success of our clients,” added Schweicher. “We become the single point of contact for our partners expanding throughout Asia. This ensures SMEs and startups remain agile, informed, and poised for sustainable growth.”

About G2

G2 is the world’s largest and most trusted third-party review platform, serving as a go-to destination for more than 90 million people annually. Businesses rely on G2’s peer reviews and data-driven insights to make informed decisions about service providers, consultants and software platforms. Learn more at www.g2.com.

About MSA

MSA is a full-service accounting, tax, HR and corporate services partner that, since 2011, has assisted foreign SMEs in expanding into China and most other Asian markets. Trusted by organizations worldwide, MSA’s end-to-end services and tailored solutions empower clients to grow their businesses throughout the APAC region. To learn more, visit www.msadvisory.com and follow us on LinkedIn: https://www.linkedin.com/company/msa-asia/

Artmarket.com: Wildfires in Greater Los Angeles, Artprice deplores an inestimable loss for the world’s artistic heritage

PARIS, Jan. 16, 2025 /PRNewswire/ — As the world begins to take stock of the unprecedented volume of art destroyed in the fires that are ravaging Los Angeles, Artprice by Artmarket.com and its CEO/founder thierry Ehrmann wish to express their sympathy and solidarity with all those affected by this major catastrophe.

The damage caused by the fires that have raged for many days goes way beyond the material, and while we all naturally regret the loss of life and the destruction of whole neighborhoods, as art market professionals, we are shocked by the news of the scale of cultural and patrimonial destruction that has also occurred, and is ongoing.

Wildfires in Greater Los Angeles
Wildfires in Greater Los Angeles

 

Wildfires in Greater Los Angeles, Artprice deplores an inestimable loss for the world's artistic heritage
Wildfires in Greater Los Angeles, Artprice deplores an inestimable loss for the world’s artistic heritage

Indeed, as we write, millions of artworks have either gone up in smoke or are at risk of doing so. Hundreds of contemporary artists have lost their entire life’s work as their studios have been burnt to the ground and many first-rate historical art collections have been completely decimated, leaving a very substantial hole in our collective global heritage.

Christopher Wise, vice-president of Risk Strategies, told ARTnews : “tons of art has been destroyed. In value terms we are talking many billions of dollars”.

As art world professionals, collectors, and insurance companies try to evaluate losses directly resulting from the wildfires in California, Artprice by Artmarket has recently been handling numerous searches and valuation requests. As World Leader in Art Market Information, Artprice by Artmarket holds and offers the most comprehensive data available, and is therefore not surprised to see a +450% increase in traffic to our website.

When it comes to getting the true price of Art, access to data from 861,000 artists and nearly 30 million sales results and Artprice indices, with the contribution of the proprietary AI Intuitive Artmarket® now deployed in Premium mode, makes it possible to speed up procedures with insurance companies with the certainty of the price of the work destroyed in the tragedy of the Los Angeles fires.

As the news emerges, we are both shocked and saddened to discover one of the biggest cultural losses that humanity has ever suffered, comparable to very few other historical events, such as the burning of the Library of Alexandria. Countless unique works will now only exist through photos that were taken for art history books and databases, including those of Artprice.

“Our mission since 1987, beyond analyzing, producing and providing in complete transparency the prices of the Art Market, is to map the circulation of works across the centuries and on five continents.” says thierry Ehrmann, president  of Artmarket.com and founder of Artprice. “We are unfortunately witnessing a truly historic disaster and we wish to express our sympathy and support for all those affected by these fires and particularly for the artists and collectors who are today losing their – and in many cases, some of humanity’s – most precious possessions.

“Artprice takes this opportunity to restate its role as one of the new guardians of global artistic memory by recording and tracking all artworks as they pass through auctions all over the world. We will naturally do everything we can to help those impacted by very heavy losses and to assist the broader Art Market in integrating the new reality into its day-to-day activities after the destruction of so many masterpieces.

We have mobilized our teams and experts to respond to searches and valuation requests to the best of our abilities. We are also opening access to our documentary collection of manuscripts and paper sales catalogs, from 1700 to the present day, with more than 180 million artworks listed and annotated by our art historians.”

Support is pouring in from around the world to help L.A., where arts culture is omnipresent. This New York Times article by Robin Pogrebin attests to the outpouring of generosity that is being organized:

https://www.nytimes.com/2025/01/15/arts/design/california-fires-la-artists.html

Major museums like the Getty and the Los Angeles County Museum of Art, along with philanthropists like Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani of Qatar and foundations like Steven Spielberg’s, have raised $12 million for a fund to support the artists affected by the California wildfires.

Among the organizations that have chipped in are the filmmaker George Lucas’s Hobson/Lucas Family Foundation; Spielberg’s and Kate Capshaw’s Hearthland Foundation; the Robert Rauschenberg Foundation and the A&L Berg Foundation.

Two of the world’s largest galleries have contributed: Gagosian and Hauser & Wirth.

Copyright 1987-2025 thierry Ehrmann www.artprice.comwww.artmarket.com

Artprice’s econometrics department can answer all your questions relating to personalized statistics and analyses: econometrics@artprice.com

Find out more about our services with the artist in a free demonstration: https://artprice.com/demo

Our services: https://artprice.com/subscription

About Artmarket.com:

Artmarket.com is listed on Eurolist by Euronext Paris. The latest TPI analysis includes more than 18,000 individual shareholders excluding foreign shareholders, companies, banks, FCPs, UCITS: Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Watch a video about Artmarket.com and its Artprice department: https://artprice.com/video

Artmarket and its Artprice department were founded in 1997 by thierry Ehrmann, the company’s CEO. They are controlled by Groupe Serveur (created in 1987). cf. the certified biography from Whos Who In France©:

https://imgpublic.artprice.com/img/wp/sites/11/2024/02/2024_Biographie_thierry_Ehrmann_WhosWhoInFrance.pdf

Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years) in databanks containing over 30 million indices and auction results, covering more than 861,100 artists.

Artprice Images® allows unlimited access to the largest art market image bank in the world with no less than 181 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.

Artmarket, with its Artprice department, constantly enriches its databases from 7,200 auction houses and continuously publishes art market trends for the main agencies and press titles in the world in 119 countries and 9 languages.

https://www.prnewswire.com/news-releases/artmarketcom-artprice-and-cision-extend-their-alliance-to-119-countries-to-become-the-worlds-leading-press-agency-dedicated-to-the-art-market-nfts-and-the-metaverse-301431845.html

Artmarket.com makes available to its 9.3 million members (members log in) the advertisements posted by its Members, who now constitute the first global Standardized Marketplace® for buying and selling artworks at fixed or auction prices (auctions regulated by paragraphs 2 and 3 of Article L321.3 of France’s Commercial Code).

There is now a future for the Art Market with Artprice’s Intuitive Artmarket® AI.

Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the French Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.

Artprice by Artmarket publishes its 2024 Contemporary Art Market Report:

https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2024

See our 2023 Global Art Market Annual Report, published in March 2024 by Artprice by Artmarket: https://www.artprice.com/artprice-reports/the-art-market-in-2023

Summary of Artmarket press releases with its Artprice department: https://serveur.serveur.com/artmarket/press-release/en/

Follow all the Art Market news in real-time with Artmarket and its Artprice department on Facebook and Twitter:

www.facebook.com/artpricedotcom/ (more than 6.5 million subscribers)

twitter.com/artmarketdotcom

twitter.com/artpricedotcom

Discover the alchemy and the universe of Artmarket and its Artprice department: https://www.artprice.com/video

whose head office is the famous Museum of Contemporary Art Abode of Chaos dixit The New York Times / La Demeure of Chaos:

https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

La Demeure du Chaos/Abode of Chaos – Total Work of Art and Singular Architecture. 
Confidential bilingual work, now made public: https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf

Contact Artmarket.com and its Artprice department – Contact: Thierry Ehrmann, ir@artmarket.com

 

Charles Lissenburg Joins Keypoint Intelligence as Director of European Sales and Production Services

FAIRFIELD, N.J., Jan. 16, 2025 /PRNewswire/ — Keypoint Intelligence is pleased to announce that Charles Lissenburg has been appointed as the Director of European Sales and Production Services. With an impressive career spanning more than 25 years in international sales and marketing, Charles brings unparalleled expertise to this vital role.

In his capacity, Charles will lead European sales initiatives and oversee production operations, aligning regional teams with Keypoint Intelligence’s strategic goals. His primary objectives include driving growth, streamlining operations, and enhancing service delivery to customers across the globe. His deep knowledge of printing segments—encompassing enterprise, commercial, label, packaging, textile, and industrial applications—positions him as a critical asset to Keypoint Intelligence’s leadership team.

“Charles brings strategic vision, results-oriented leadership, and extensive industry experience that will contribute significantly to our mission of delivering cutting-edge solutions and exceptional value to our clients,” said Anthony Sci, President and CEO at Keypoint Intelligence. “We are thrilled to welcome Charles to the team and look forward to his contributions.”

Charles has held senior roles at leading organizations, including EFI, SPGPrints, Advanced Vision Technologies, and Konica Minolta, where he drove growth, optimized operations, and enhanced market positioning. At Nuance Communications’ Imaging Division, he led the multi-year sales journey from SMB to enterprise focus, and during his decade at EFI, he led global OEM sales for the Fiery business, driving market share in key segments. “I am excited to join Keypoint Intelligence at such an important time,” said Charles Lissenburg. “The printing industry is undergoing remarkable transformation, and I look forward to collaborating with the talented team here to drive innovation and deliver exceptional offerings to our clients worldwide.”

Charles’s extensive international experience across global and EMEA markets highlights his ability to lead multicultural teams and navigate complex business environments.

We are pleased to welcome Charles Lissenburg as he begins this exciting new chapter with Keypoint Intelligence, and we look forward to his contributions in shaping the future of our company.

About Keypoint Intelligence
For more than 60 years, clients in the digital imaging industry have relied on Keypoint Intelligence for independent hands-on testing, lab data, and extensive market research to drive their product and sales success. Keypoint Intelligence has been recognized as the industry’s most trusted resource for unbiased information, analysis, and awards due to decades of analyst experience.

IBM to Acquire Applications Software Technology LLC, Bolstering Oracle Expertise to Help Clients Transform Their Operations

Applications Software Technology’s deep US and UK public sector skills support clients’ Oracle Cloud Application transformations

ARMONK, N.Y., Jan. 16, 2025 /PRNewswire/ — IBM (NYSE: IBM) today announced its intent to acquire Applications Software Technology LLC1, a global Oracle consultancy. Applications Software Technology brings deep expertise driving business transformations with Oracle Cloud Applications, including for clients in the public sector such as local government and K-12 education.

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Public sector cloud transformations frequently face issues that include difficulty transitioning legacy systems, scarce skills or high security and compliance requirements. This acquisition will further enhance IBM’s Oracle solutions to help clients across North America, the UK and Ireland address those complexities and drive lasting results in their digital transformations with Oracle Cloud Applications. It will build on IBM’s 2024 acquisition of Accelalpha, expanding IBM’s ability to help clients deploy, manage and drive value from their Oracle cloud solutions.

“Public sector clients’ cloud transformations often require a consulting partner with industry, domain and technology expertise,” said Kelly Chambliss, Senior Vice President, IBM Consulting, Americas. “The acquisition of Applications Software Technology will boost IBM’s public sector and Oracle Cloud Application skills to help clients confidently navigate their business transformations.”

Applications Software Technology’s large team of consultants brings expertise across the Oracle Cloud Applications Suite, particularly around Oracle Fusion Cloud Enterprise Resource Management (ERP) including Enterprise Performance Management (EPM), Oracle Cloud Human Capital Management (HCM), and Oracle Fusion Configure, Price, Quote (CPQ), as well as Oracle Cloud Infrastructure (OCI), JD Edwards, and NetSuite. Applications Software Technology also brings expertise and partnerships with Salesforce and MuleSoft, specializing in public sector solutions and more.

This acquisition supports IBM’s open ecosystem approach which allows us to meet clients where they are, bringing together whatever technology and expertise are needed across our expanding partner ecosystem to solve the client challenge.

Applications Software Technology has been an Oracle partner since 1996 and a leading provider of Oracle solutions covering areas like business process redesign and Oracle Cloud deployment. In addition to its strong public sector presence, Applications Software Technology also serves commercial clients in the manufacturing, energy and consumer packaged goods industries.

“We are excited to join IBM and open up new opportunities for our people and expand transformative solutions to deliver business outcomes for our customers,” said Justin Winter, CEO, Applications Software Technology. “Applications Software Technology and IBM have complementary capabilities, client relationships, service offerings and values around our people, innovation and commitment to client success. Together, we will continue to grow in the market for cloud transformation solutions.”

Headquartered in Lisle, Illinois, Applications Software Technology has teams across the US, UK, Canada and India. Notable past acquisitions contributing to its growth include Symatrix Limited, 9EDGE Inc. and Computer Technology Resources Inc. Applications Software Technology is currently a portfolio company of funds managed by Recognize Partners LP. Upon close, Applications Software Technology will join IBM Consulting.

IBM and Oracle’s partnership spans almost 40 years. IBM was named a Leader in the 2023 IDC MarketScape for Oracle Implementation Services Ecosystem Worldwide2.

The acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals. Financial details of the transaction were not disclosed.

For more information on Applications Software Technology, visit https://astcorporation.com/

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

Media Contact
Michelle Mattelson
IBM External Relations
morrison@us.ibm.com

1 Applications Software Technology LLC refers to the four companies included in this acquisition: Applications Software Technology LLC, its subsidiaries 9Edge and Computer Technology Resources, and Symatrix Limited

2 IDC MarketScape: Worldwide Oracle Implementation Services 2023 Vendor Assessment (doc# US49837623, August 2023)

MicroCloud Hologram Inc. Develops Quantum Bit Rotation-Based Single-Ternary Quantum Homomorphic Encryption (QHE) Protocol to Enhance Big Data Privacy Protection

SHENZHEN, China, Jan. 16, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, with its strong technological foundation and spirit of innovation, has introduced a groundbreaking quantum bit rotation-based single-ternary quantum homomorphic encryption (QHE) protocol.

Traditional encryption methods often reveal security vulnerabilities and limitations in flexibility when dealing with the complex and ever-changing scenarios of big data. However, HOLO’s QHE protocol takes a novel approach by introducing the sophisticated mechanism of quantum bit rotation. Quantum bits, as the fundamental units of quantum information, bring a fresh vitality to the field of encryption through their unique properties of superposition and entanglement. Under this protocol, users cleverly use classical angles as the key for QHE, greatly simplifying key management processes and lowering the operational threshold for users. More importantly, the encryption and decryption processes are freed from the strict sequential constraints of traditional encryption methods, achieving unprecedented flexibility. Whether it’s real-time encrypted transmission of massive amounts of data or asynchronous encryption operations in complex distributed systems, the QHE protocol can handle these tasks with ease, providing a robust security defense throughout the entire data flow process.

Taking the e-commerce sector as an example, the massive data generated by users during activities such as browsing products, adding items to the shopping cart, and placing orders for payment, can be encrypted using the QHE protocol. Even during complex network transmissions and multi-node storage processes, it ensures that user behavior and personal information remain private and secure. Similarly, businesses can use the QHE protocol to achieve efficient and secure encryption protection for sensitive commercial data, such as new product development materials and customer relationship data, effectively guarding against external hacker attacks and internal data leakage risks.

Moreover, HOLO has not stopped at the innovation of the QHE protocol. Based on deep insights into privacy query needs, it has further proposed the Quantum Privacy Query (QPQ) protocol. In the crucial data query process, traditional solutions often face a dilemma: either sacrificing privacy to pursue query efficiency or overemphasizing privacy protection, which leads to slow query responses. HOLO’s QPQ protocol breaks this deadlock.

This protocol innovatively uses homomorphic encryption to send query requests, essentially cloaking the query information with an invisible shield, making it difficult to intercept and crack during transmission. Even more ingenious is that, after just one round of communication with an oracle machine independent of the database, accurate results can be obtained. This process significantly shortens query waiting times and enhances the overall system response efficiency. In the context of healthcare big data, when researchers conduct specific condition-related queries on vast amounts of patient medical records, the QPQ protocol not only ensures patient privacy is protected but also delivers precise results quickly, accelerating medical research. Similarly, financial institutions conducting credit risk assessments on massive amounts of user credit data can rely on the QPQ protocol to efficiently make decisions while ensuring data privacy, thereby enhancing business operational efficiency.

HOLO’s series of protocol innovations represent not only a breakthrough at the technical level but also pave the way for the development of quantum privacy protection. HOLO will continue to focus on the intersection of quantum technology and privacy protection, constantly optimizing existing protocols, expanding application boundaries, and collaborating with partners from all sectors to meet the new challenges of privacy protection in the big data era, unlocking limitless possibilities for data-driven innovation.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/

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