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ShengShu Technology Lays Foundation for Scalable AI Video Generation with Launch of Vidu API Offering Instant Access and Industry-leading Speed for Enterprises & Developers

SINGAPORE, Feb. 13, 2025 /PRNewswire/ — ShengShu Technology, a world pioneer in generative AI video, announces the API platform for its flagship video generation application, Vidu, marking a major advancement in scalable, seamless, and accessible AI video generation.

API Officially Launched
API Officially Launched

Vidu stands out with its groundbreaking U-ViT architecture and industry-first innovations, such as the ability to generate a clip in under ten seconds and Multiple-Entity Consistency—ensuring unmatched speed and high-quality AI video generation. Starting today, developers and enterprise partners can seamlessly integrate Vidu’s advanced multimodal tech stack, enabling their users to access high-quality AI-generated videos for film editing, mobile ads, social media visuals, and more.

Vidu’s API paves the way for widespread adoption. By making its technology accessible, Vidu empowers both startups and established enterprises to build AI-powered video applications without requiring vast financial resources. As AI drives a new digital gold rush, reminiscent of the early 2000s, businesses of all sizes are racing to integrate AI in transformative ways that will redefine industries and reshape operations.

Vidu API ‘s Comprehensive Model Support and Capabilities

Designed to support diverse needs from developers and enterprises, the Vidu API platform is powered by the latest version of Vidu 2.0 and offers a suite of advanced video generation tools to simplify video creation at scale. This means that Reference-to-Video, Image-to-Video and Text-to-Video features are all available in the latest API platform. Be it characters, objects or environments, related or not, different features work together to transform static images and text descriptions into cohesive and dynamic videos while maintaining subject consistency across multiple perspectives. Core to this capability is Vidu’s advanced semantic understanding and the Multiple-Entity Consistency feature that was first introduced in Vidu 1.5.

Furthermore, the Template feature offers a series of customizable pre-set prompt templates tailored to the needs of various industries, allowing developers to integrate and debug for different scenarios, such as hug, kiss, and Valentine’s Day-related templates. Each template is meticulously optimized for highly stable generation results, effectively eliminating prompt complexity. The Template feature enables small enterprises to automate video creation for various purposes, including personalized marketing campaigns, customer support videos, and product showcases.

Instant Access with No Application, Starting at Just $10

Vidu API is designed to offer immediate and frictionless adoption for smaller businesses and independent developers. Removing approval processes and restrictions on API access commonly seen in other platforms, Vidu API is made fully open for developers and businesses with no application required. Individual developers can instantly purchase API access with pricing starting at $10 without a high-tier subscription. Base pricing is $0.05 per credit (A four-second video costs 4 to 40 credits depending on applied aspect ratio and feature type).

The platform also dedicates a B2B service team to provide hands-on support for businesses integrating Vidu into their workflows.

The launch of the Vidu API platform aligns with a broader shift in AI-driven content creation. With efficiency breakthroughs in latest AI models, the AI boom will not only transform tech companies, but also become a more commonplace in marketing, customer experience and enterprise use across retail, education, e-commerce among other industries. As AI-driven content becomes more ubiquitous, businesses increasingly recognize video as a missing piece to keep up with content demands, and Vidu API will serve as a critical content automation tool to fill in the gaps.

To learn more about Vidu, please visit https://www.vidu.com 

To learn more about Vidu API platform, please visit https://platform.vidu.com/ 

About ShengShu Technology

Founded in March 2023, ShengShu Technology is a world-leading artificial intelligence company, specializing in the development of Multimodal Large Language Models. Driven by innovation, the company delivers cutting-edge MaaS and SaaS products that revolutionize creative production by enabling smarter, faster, and more scalable content creation. With its flagship video generation platform Vidu, ShengShu Technology’s solutions have reached more than 200 countries and regions around the world, spanning fields including interactive entertainment, advertising, film, animation, cultural tourism, and more.

ABI Research Unveils 66 Must-Know Tech Stats for 2025 Highlighting Key Markets on the Rise and Decline

NEW YORK, Feb. 13, 2025 /PRNewswire/ — In an era of rapid digital transformation, global technology intelligence firm ABI Research has released its highly anticipated 66 Must-Know Tech Stats for 2025: Markets on the Rise & Decline report, equipping business leaders with essential insights into emerging opportunities and declining markets.

“We find ourselves at another pivotal moment as a community of technology implementers and innovators facing a global economic landscape steadying itself against persistent challenges,” says Stuart Carlaw, Chief Research Officer at ABI Research. “As market dynamics shift and geopolitical uncertainties loom, strategic decisions will define our path forward. To thrive, organizations must embrace emerging tech trends, secure agile investments, and forge strategic partnerships. By leveraging data-driven insights, businesses can optimize ROI and fortify resilience against disruptions. Our analysis identifies 66 critical shifts across 33 growth sectors and 33 facing contraction, empowering informed decisions for 2025 and beyond.”

Key market highlights from the report include:

Booming Markets:

  • Cloud & AI Integration: Enterprise Large Language Model (LLM) spending is set to grow at a staggering 35% CAGR, driving AI-driven business transformation.
  • 5G Evolution: The Fixed Wireless Access (FWA) market will soar to 265 million subscriptions by 2029, as operators shift toward service monetization models.
  • Smart Wearables Surge: Smart ring shipments are projected to grow 26% in 2024, with adoption fueled by health tracking, payments, and security use cases.
  • Sustainability Tech Gains Traction: The EU will account for 40% of new Digital Product Passports (DPPs) by 2029, reinforcing supply chain transparency and circular economy initiatives.

Markets Facing Headwinds:

  • Virtual Network Functions (VNF) Decline: As cloud-native solutions take center stage, VNF revenues will shrink by USD$150 million between 2023 and 2029.
  • Biometric Payment Cards Struggle: Despite heavy investment, biometric card adoption will remain niche, reaching only 0.067% of payment card shipments by 2029.
  • Plug-in Hybrid Vehicles (PHEVs) on the Way Out: With governments phasing out subsidies in favor of full electric adoption, PHEV market share will drop to just 20% of EV shipments by 2029.
  • Vision AI Faces Challenges: Large Vision Models (LVMs) struggle to gain commercial traction, with computer vision maintaining dominance through 2030.

For deeper insights into these and other key market trends, download the full 66 Must-Know Tech Stats for 2025: Markets on the Rise & Decline report.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info

Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com 

Fireworks & Drone Shows Light Up Haikou’s Lantern Festival

HAIKOU, China, Feb. 13, 2025 /PRNewswire/ — A report from Hainan International Media Center:

On Feb. 12, the date of the 2025 Lantern Festival, highly anticipated fireworks and drone shows were held in Haikou, creating an extravaganza of light and color in the skies of the coastal capital in south China’s Hainan Province thanks to the precision of technology blended together with the elegance of art.

On the evening of Feb. 12, a spectacular fireworks show was held in the skies above Haikou Bay in south China’s Hainan Province.
On the evening of Feb. 12, a spectacular fireworks show was held in the skies above Haikou Bay in south China’s Hainan Province.

 


On the evening of Feb. 12, a visual feast unfolded at Haikou Bay, where the dazzling lights and shadows were reflected upon the sea’s surface.

That evening, the largest drone show in the city’s history buzzed to life above downtown Evergreen Park. Three thousand drones danced in and out of formation, painting floating coconut trees, bougainvillea flowers, and many more Hainan themed images that shone as bright as the sparkling lights of the city skyline below.

As the drone show came to an end, the fireworks show burst onto the stage of the skies. At nine PM on the dot, Haikou Bay was lit up by a thunderous roar as thousands of golden meteors shot high into the air, painting the heavens with streaks of shining sparks. For the first time in 13 years, a fireworks show was underway in Haikou. Not just any fireworks show – a level-1 fireworks display, the highest level show possible. As the crowds watched in wonder, ‘Rainbow Lucky Cloud’ fireworks burst in cotton candy hues, bringing the show to a climactic end.

The Haikou fireworks show was visible across three city districts – Meilan, Longhua, and Xiuying, and the six kilometer long coastal viewing area, including prominent landmarks such as the Wormhole Library, Century Park, and HCC Plaza provided viewers plenty of room to enjoy the show.

A Chinese city known for a rich cultural atmosphere, Haikou took the opportunity of this year’s fireworks show to showcase the area’s intangible cultural heritage through the medium of the latest technology. Over sixty supporting activities were also held during the holiday period, including the Flower Exchange Festival Art Week, allowing attendees to enjoy the festival in a myriad of ways and boosting the local economy.

Regal Hotels Leverages Network to Support Hong Kong’s Healthcare Professionals with an Exclusive Long-stay Accommodation Programme

HONG KONG, Feb. 13, 2025 /PRNewswire/ — Regal Hotels International is leveraging its extensive hotel network to launch the exclusive “Long-stay Accommodation Programme” for Hospital Authority (HA) staff. In response to the increasing demand for public healthcare services, the HA has been proactively recruiting both locally and non-locally trained healthcare professionals. Recognising the accommodation needs of these healthcare professionals, this initiative aims to provide additional accommodation options for HA employees, demonstrating the Group’s support for healthcare workers and gratitude for their contributions to public health.

The “Long-stay Accommodation Programme” includes seven properties under Regal Hotels: Regal Airport Hotel, Regal Hongkong Hotel, Regal Oriental Hotel, Regal Riverside Hotel, Regala Skycity Hotel, iclub Sheung Wan Hotel and iclub Sheung Wan AMTD Hotel. These hotels are strategically located throughout Hong Kong, featuring excellent transport networks that allow HA employees to save on commuting time. By staying for a minimum of 30 consecutive nights, HA employees can enjoy discounted room rates, as well as services such as room cleaning, free Wi-Fi and self-service laundry facilities. Regal Hotels hopes this program will provide HA employees with comfortable and cost-effective lodging.

Rooted in Hong Kong for 45 years, Regal Hotels has been dedicated to providing high-quality accommodation and dining experiences for locals and travellers alike—and this latest initiative marks our ongoing commitment to collaborating with various sectors of society to promote social harmony. The Group has a long history of partnerships with the community, including the recent “YOT Hub” project at Regal Oriental Hotel, developed in partnership with Yan Oi Tong.

Ms. Poman Lo, Vice Chairman and Managing Director of Regal Hotels International, stated: “This long-stay accommodation programme for HA reflects our devotion to society and leaving a positive impact on the community. Having observed that the HA has prioritised the recruitment of healthcare personnel to address the rising demands in Hong Kong’s public healthcare system, we are committed to exploring solutions to meet societal needs. As one of the largest hotel groups in Hong Kong, we believe that we can provide healthcare practitioners with additional cost-effective accommodation options to cater their housing needs.”

Regal Hotels will continue to closely monitor social trends, leveraging its comprehensive hotel network and attentive services to extend a helping hand to those in need. Our latest “Long-stay Accommodation Programme” demonstrates our gratitude for the support received from its guests over the years and our commitment to our community.

For more information about this long-stay programme, please visit website.

Click here to view download high-res hotel room images.

Long-stay Accommodation Package for Hospital Authority – Participating Hotels

Regal Airport Hotel

9 Cheong Tat Road, Hong Kong International Airport Chek Lap Kok, Lantau Island

(852) 2286 8888

Regal Hongkong Hotel

88 Yee Wo Street, Causeway Bay, Hong Kong

(852) 2890 6633

Regal Oriental Hotel

30, 38 Sa Po Rd, Kowloon City

(852) 2718 0333

Regal Riverside Hotel

34-36 Tai Chung Kiu Road, Shatin, Hong Kong

(852) 2649 7878

Regala Skycity Hotel

8 Airport Expo Boulevard, Hong Kong International Airport, Chek Lap Kok, Hong Kong

(852) 3556 3288

iclub Sheung Wan Hotel

138 Bonham Strand, Sheung Wan, Hong Kong

(852) 3963 6100

iclub Sheung Wan AMTD Hotel

5 Bonham Strand West, Sheung Wan, Hong Kong

(852) 3963 6200

About Regal Hotels International: 

Regal Hotels International (00078) is a member of the Century City Group (00355) which is a conglomerate publicly listed on the Hong Kong Stock Exchange. Regal Hotels International is one of the largest hotel operators in Hong Kong and manages a fine collection of hotels including:

Hong Kong –                                                             

13.   Regal Xindu Hotel (2025)

1.   Regal Airport Hotel                                               

Chengdu, Sichuan Province –

2.   Regal Hongkong Hotel        

3.   Regal Kowloon Hotel                                           

Dezhou, Shandong Province –

4.   Regal Oriental Hotel                                              

14.   Regal Kangbo Hotel 

5.   Regal Riverside Hotel         

6.   Regala Skycity Hotel                                           

Shanghai, Shanghai City –

7.   iclub Fortress Hill Hotel                                         

15.   Regal Jinfeng Hotel

8.   iclub To Kwa Wan Hotel                                         

16.   Regal Plaza Hotel & Residence

9.   iclub Mong Kok Hotel         

10. iclub Sheung Wan Hotel

11. iclub AMTD Sheung Wan Hotel                               

12. iclub Wan Chai Hotel                                            

Regal Hotels International also owns the Campus La Mola, located in Barcelona of Spain and The Waterman by Regal, located in London of United Kingdom, which targets to open in 2025.

SM C2R (Singapore) and Advanced Lighting Company (ALC) Strengthen Strategic Partnership Through Joint Ownership of SM C2R Arabia to Support Saudi Vision 2030

SINGAPORE and RIYADH, Saudi Arabia, Feb. 13, 2025 /PRNewswire/ — SM C2R (Singapore), a member of Swan & Maclaren Group, and Advanced Lighting Company (ALC), a leading Saudi-based lighting manufacturer, proudly announce the strengthening of their strategic partnership through joint ownership of SM C2R Arabia. The collaboration, unveiled today at the Public Investment Fund (PIF) Private Sector Forum, is set to deliver comprehensive lighting and design solutions while manufacturing high-quality lighting products. This partnership is closely aligned with Saudi Arabia’s Vision 2030 and supports the Public Investment Fund (PIF) localisation requirements, contributing to the Kingdom’s transformative giga projects.

Dr. Saud Al-Semari, CEO of ALC, and Mr. Robert Yap, Executive Chairman of Swan & Maclaren Group, joined by representatives, at the signing ceremony during the PIF Private Sector Forum 2025, marking the beginning of the strategic partnership.
Dr. Saud Al-Semari, CEO of ALC, and Mr. Robert Yap, Executive Chairman of Swan & Maclaren Group, joined by representatives, at the signing ceremony during the PIF Private Sector Forum 2025, marking the beginning of the strategic partnership.

SM C2R Arabia: A Partnership Aligned with Vision 2030 Goals

SM C2R Arabia leverages the complementary strengths of its partners to meet the demands of Saudi Arabia’s ambitious development plans:

  • ALC brings unmatched expertise in advanced lighting manufacturing, utilising cutting-edge technology and a deep understanding of the local market.
  • SM C2R (Singapore) contributes innovative lighting design and solutions, project management and illumination engineering, and combined with the rich architectural, design, artistry and creative powerhouse of Swan & Maclaren Group, a renowned icon established since 1892.

Together, this partnership is committed to delivering sustainable, end-to-end solutions that adhere to the highest international standards, while also fostering local expertise and supporting Saudi Arabia’s Vision 2030 localization goals.

Mr. Robert Yap, Executive Chairman of Swan & Maclaren Group, and Mr. Edwin Tan, CEO of SM C2R (Singapore), emphasized the transformative potential of SM C2R Arabia in realizing Saudi Arabia’s Vision 2030. Mr. Yap said, “SM C2R Arabia represents a seamless integration of creativity and manufacturing excellence. Our partnership is poised to redefine the benchmarks of lighting design and innovation, making meaningful contributions to the Kingdom’s giga projects and fostering the localization of expertise.” Mr. Tan added, “This collaboration aligns our global design expertise with ALC’s advanced manufacturing capabilities, empowering us to deliver world-class solutions tailored to Saudi Arabia’s vision for sustainable growth.”

Dr. Saud Al-Semari, Chief Executive Officer of ALC emphasized the significance of this partnership in driving localized innovation: “The synergy between ALC and SM C2R through SM C2R Arabia exemplifies the strength of combining international creativity with local expertise. Together, we will deliver innovative and cutting-edge lighting solutions that not only enhance Saudi Arabia’s infrastructure but also nurture local talent and expertise, aligning with the aspirations of Vision 2030.”

A Visionary Future of Innovation and Sustainability

Looking ahead, SM C2R Arabia is committed to being a driving force of innovation, pushing the boundaries of lighting design and manufacturing to meet the evolving needs of Saudi Arabia’s dynamic growth. As the Kingdom enters a transformative era of infrastructure development under Vision 2030, SM C2R Arabia will continuously enhance its capabilities to support the successful delivery of iconic giga projects that exemplify excellence in design, sustainability, and local manufacturing. This partnership is focused on creating lasting value, fuelling economic growth, and positioning state-of-the-art lighting solutions at the forefront of Saudi Arabia’s future development.

About ALC

Advanced Lighting Company (ALC) is a premier Saudi-based lighting manufacturer, recognized for its innovation solutions and cutting-edge technology. Dedicated to sustainability and high-performance solutions, ALC plays a key role in Saudi Arabia’s transformation, aligning its expertise with the Kingdom’s Vision 2030 and localization goals.”

For more information, please visit: https://www.alc.sa/en/home 

About SM C2R (Singapore)

SM C2R (Singapore), a subsidiary of Swan & Maclaren Group, excels in creative lighting design, interior design, and design-and-build solutions. With over a decade of expertise, SM C2R fuses artistry and innovation with precision to create transformative, high-impact environments. Dedicated to pushing the boundaries of design, the firm has been instrumental in delivering sustainable, immersive experiences for iconic projects, including its recent involvement in the prestigious Six Flags Qiddiya in Saudi Arabia. SM C2R continues to shape landmark spaces globally, combining creativity and technical excellence to redefine design standards.

For more information, please visit: https://swanmaclaren.group/smc2rsg 

About SM C2R Arabia

SM C2R Arabia is the strategic partnership between SM C2R (Singapore) and ALC, focused on delivering world-class lighting and design solutions while manufacturing high-quality lighting products. Combining SM C2R’s industry experience with ALC’s manufacturing strengths and local insight, SM C2R Arabia is well placed to participate in Saudi Arabia’s giga projects. The partnership champions excellence, sustainability, and local empowerment, fully aligned with Vision 2030 and PIF’s localization goals.

BingX Labs Contributes $10M in StakeStone to Advance Omnichain Liquidity Solutions

PANAMA CITY, Feb. 13, 2025 /PRNewswire/ —  BingX Labs, the innovation arm of cryptocurrency exchange BingX, has supplied $10 million to StakeStone, an omnichain liquidity infrastructure, to accelerate the development of omnichain liquidity staking and StakingFi applications. As a leading blockchain innovation incubator, BingX Labs conducted this strategic contribution aiming to support multi-chain expansion, liquidity optimization, and the adoption of staking technologies, enhancing blockchain financial services and improving capital efficiency across decentralized ecosystems.

BingX Labs Contributes $10M in StakeStone to Advance Omnichain Liquidity Solutions
BingX Labs Contributes $10M in StakeStone to Advance Omnichain Liquidity Solutions

The demand for Liquidity Staking Derivatives (LSDs) has surged with users increasingly seeking flexible income solutions. At the same time, StakingFi is emerging as a key innovation in decentralized finance, enabling more efficient capital utilization. This new collaboration between BingX Labs and StakeStone will address these industry needs by optimizing liquidity infrastructure and pioneering new cross-chain asset protocols.

As part of this cooperation, the $10 million fund will support Stakestone’s ecosystem development as both parties will explore innovative directions of growth, including cross-chain asset protocols and StakingFi product integration, while expanding real-world applications for omnichain staking technology. Resources will also be allocated to advancing on-chain inclusive finance, making blockchain financial services more accessible and lowering the entry barrier for users.

Vivien Lin, Head of BingX Labs, commented: “StakeStone’s omnichain staking technology represents a significant leap forward in capital efficiency and StakingFi applications.” Charles K, Founder of StakeStone, added: “This partnership with BingX Labs is a notable occasion for StakeStone. Together, we will redefine liquidity staking and expand the future of real-world blockchain applications.”

The partnership will initially focus on strengthening liquidity infrastructure for cross-chain efficiency while advancing StakingFi products, education, and community incentives for long-term growth. This collaboration is expected to explore new use cases in liquidity staking and expand the role of blockchain technology in decentralized finance to empower a broader range of users worldwide.

About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

Altair and LTTS Launch 5G-6G Wireless Center of Excellence to Shape the Future of Telecommunications Innovation

CoE to provide leading 5G-6G capabilities for clients in telecommunications, smart factories, connected vehicles, and healthcare

TROY, Mich., Feb. 13, 2025 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, and L&T Technology Services (BSE: 540115, NSE: LTTS), a global leader in digital engineering and R&D services, announced the launch of a groundbreaking 5G-6G Wireless Center of Excellence (CoE).

Altair and L&T Technology Services announced the launch of a groundbreaking 5G-6G Wireless Center of Excellence.
Altair and L&T Technology Services announced the launch of a groundbreaking 5G-6G Wireless Center of Excellence.

The CoE will combine Altair’s best-in-class design and simulation tools with LTTS’s domain expertise to harness the potential of 5G and 6G networks to address challenges like connectivity breakdowns, high operational costs, and slower innovation cycles in industries like telecommunications, automotive, manufacturing, healthcare, and beyond. 

“5G and 6G technologies are reshaping the way industries operate, innovate, and deliver value,” said Stephanie Buckner, chief operating officer, Altair. “This CoE is a testament to our vision of helping organizations in all industries capitalize on the unparalleled potential of wireless technologies. Together with LTTS, we are providing the foundation for smarter, faster, and more efficient solutions – no matter the industry.”

“The launch of this CoE signifies a transformative leap in wireless innovation that transcends industries,” said Alind Saxena, executive director and president, mobility and tech, LTTS. “Our collaboration with Altair brings together cutting-edge simulation technology and domain expertise, enabling diverse industries to unlock the full potential of 5G and 6G. This partnership is a key milestone in building a more connected, intelligent, and efficient world.”

The CoE will focus on diverse initiatives to empower businesses with wireless solutions to include use cases such as:

  • 5G-6G network planning
  • 6G reflective intelligent surfaces and RF design and development
  • Enhancements to wireless connectivity for applications in smart factories, connected vehicles, healthcare (remote monitoring), manufacturing (automated systems)
  • Digital twins of 5G and 6G networks
  • Connected mobility and network failure predictions

These use cases will be powered by the Altair® HyperWorks® and Altair® RapidMiner® platforms. The CoE will offer hands-on training, workshops, and collaborative spaces to help industries adopt and adapt wireless technologies to their unique challenges. Overall, the CoE will enable the creation of smarter infrastructure, drive more efficient operations, and foster better decision-making.

For its cutting-edge work in simulation, predictive analytics, and real-time data integration through digital twin technology, LTTS was awarded the Partner of the Year Award at the 2025 Altair Channel Partner Awards.

For more information about Altair’s 5G solutions, visit https://altair.com/5g.

About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.

About L&T Technology Services Ltd
L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability, and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 23,460 employees across 22 global design centers, 30 global sales offices, and 108 innovation labs, as of December 31, 2024. For additional information about L&T Technology Services log on to www.LTTS.com.

Media contacts

Altair Corporate                                               

Altair Investor Relations

Bridget Hagan                                                   

Stephen Palmtag

+1.216.769.2658                                             

+1.669.328.9111

corp-newsroom@altair.com                     

ir@altair.com

Altair Europe/The Middle East/Africa     

Altair Asia-Pacific

Louise Wilce                                                       

Man Wang

+44 (0)7392 437 635

86-21-5016635,,825

emea-newsroom@altair.com                   

apac-newsroom@altair.com

 

 

Lockton Launches Digital Office to be Led by Claude Yoder

KANSAS CITY, Mo., Feb. 13, 2025 /PRNewswire/ — Lockton, the world’s largest independent insurance brokerage, is pleased to announce the establishment of a Digital Office to drive innovation in data, analytics, and technology strategies across the Lockton Enterprise. This initiative aims to elevate digital and data capabilities, delivering transformative solutions for clients.

Claude Yoder
Claude Yoder

Claude Yoder, who has served as Lockton Re’s Global Analytics Leader since 2019, has been named Chief Data, Analytics and Digital Officer. Yoder has played a key role in driving Lockton Re’s impressive growth, including the creation and development of the proprietary analytics and operational platform known as SAGE, which has earned two patents—a rare achievement in the re-insurance industry.

“This move, along with our commitment to investing in a digital office, underscores the importance of digital, data and analytics to Lockton’s global strategy,” said Ron Lockton, Chairman and CEO. “We are dedicated to providing our clients with valuable insights and unparalleled service driven by leading edge, digital data, and analytic tools.” 

The Digital Office will accelerate digital transformation and growth across all aspects of data, analytics and technology. By leveraging cutting-edge technologies and data-driven insights, the office aims to enhance client value, drive operational efficiencies, and strategic decision-making, while delivering unparalleled value to clients. 

“This is an exciting opportunity to advance our data and technology capabilities,” said Yoder. “Lockton’s commitment to digital excellence underscores its dedication to staying ahead of industry trends and meeting the evolving needs of our clients. With the establishment of the Digital Office, Lockton is poised to set new standards in the insurance brokerage industry, ensuring sustained growth and success in the digital age.”

About Lockton 
What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 12,600+ Associates doing business in over 140 countries to focus solely on clients’ risk, insurance and people needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For more information, visit www.lockton.com.