SAN FRANCISCO, Dec. 29, 2017 /PRNewswire/ — Despite recent attempts to improve the food recall process, there is still an inherent gap existing between FDA food recall warnings and the removal of unsafe products from stores. According to a report by the Office of the Inspector General (OIG), the timeline of this process can take up to 10 months. This is not in the best interest of the consumer and the OIG attributes this to a lack of sufficient policies and procedures to ensure prompt voluntary food recalls.

Michael Lucas, CEO
i3 Brands

A veteran in track and trace technologies, and CEO of i3 Brands, Michael Lucas, plans to close this disconnect between the recall process and consumer safety by providing a patented mobile protection platform, WatchOut!, that provides immediate recall and protection insights relevant to the consumer. The technology extends beyond the food industry and provides consumers with recall information in the areas of automotive, general retail and healthcare. “WatchOut! alerts consumers who enter a perimeter of any retailer with recent recall data published by government agencies regarding products that could be sold by the retailer in question,” Lucas said.

The application attempts to provide mutual benefit for consumers and retailers as both are informed of alerts simultaneously. Knowledge of these updates encourage retailers to take more immediate action, effectively prompting the removal of defective items from shelves sooner.

Lucas expressed that consumers will have access to all relevant recall information available. “When a customer enters a retailer’s perimeter, they will be instantly notified of all defective products potentially found on the premises. Retailers will have the ability to manage the data published by having the ability of removing defective products. The response time by the retailer provides a transparency between the retail management, manufacturers and more importantly the customer,” he said.

A key figure supporting WatchOut! is internationally recognized innovator in artificial intelligence, signal processing and data security, Patrick Nunally PhD, who commented “the technology behind WatchOut! is really quite stunning in that it not only changes how people interact with their immediate environment but also enables the real-time and historical tracking of disease vectors in populations while maintaining patient privacy. As superbugs become less treatable, the technology of WatchOut! could be the game changer.

Lucas expects the IOS application to be released to the general public after the first quarter of the year.  The mobile application has been under an intense beta test for over a year. WatchOut! will be available on Android devices proceeding the initial app store launch. “With over 100 million products in our database and numerous data points, we have been in development since 2015 to ensure both data accuracy and relevancy to the consumer, while protecting their identity. Ensuring this is very important to us,” he said.

WatchOut! provides a transparency and insight that has the potential to save lives. Fortunately for the FDA, this may very well be the solution to their ongoing recall efficiency dilemma – ultimately bridging the divide between the recall process and customer safety.

 

WatchOut! Mobile App

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SOURCE i3 Brands, Inc.

BEIJING, Dec. 29, 2017 /PRNewswire/ — Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today announced that it has partnered with Peking University Law School to establish the Peking University Legal AI Lab and Research Institute (the “Legal AI Lab”) to focus on the analysis, development and application of AI across China’s legal ecosystem.

The Legal AI Lab was officially launched today at a ceremony attended by Ms. Jingyi Ye, Deputy Party Committee Secretary of Peking University, Mr. Shouwen Zhang, Dean of Peking University Law School and Director of the Legal AI Lab, Mr. Xiaolei Yang, Vice President of Peking University Law School and Executive Director of the Legal AI Lab, and Mr. Guosheng Qi, Chief Executive Officer of Gridsum.

Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, “We are excited to be at the forefront of China’s legal AI development and to have the opportunity to work in close cooperation with globally renowned legal academic institutions and individuals. The combination of Peking University’s highly-experienced legal community and our cutting-edge AI and big data technology will directly benefit the development and application of AI across China’s judicial system as it migrates towards a Smart Court initiative.”

Gridsum will leverage its unparalleled capabilities in big data and AI, as well as its deep experience in developing enterprise-focused AI applications, to provide technical and research expertise to the Legal AI Lab. Gridsum is ideally positioned to support the Legal AI Lab having set the benchmark for the successful integration of AI into the legal system with the launch of the “Faxin Wei Su” Platform in November 2017, a litigation service on WeChat’s micro application platform. Working in close partnership with Peking University Law School and the Legal AI Lab is another step in Gridsum’s broader strategy of developing a comprehensive suite of legal solutions targeting courts, prosecutors, law firms and others within the judicial ecosystem. The rollout of Gridsum’s legal services product suite is accelerating within China’s court system.

In July 2017, China’s State Council announced its “Next Generation of Artificial Intelligence Development Plan” which articulated an agenda for China to develop a first-mover advantage and become a premier global AI innovation center. China’s Ministry of Industry and Information Technology recently announced a more detailed short-term action plan in a follow up to China’s State Council’s. In The “Three-year Action Plan for Promoting the Development of a New Generation of Artificial Intelligence Industry (2018-2020),” the government specifically targets the research of AI-related policies, laws and regulations that create a healthy and sustainable environment for the industry to grow.  

About Gridsum 

Gridsum Holding Inc. (NASDAQ: GSUM), is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better informed decisions and be more productive.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, quotations from management in this announcement as well as Gridsum’s strategic and operational plans contain forward-looking statements. Gridsum may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Gridsum’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: unexpected difficulties in Gridsum’s pursuit of its goals and strategies; the unexpected developments, including slow growth, in the digital intelligence market; reduced demand for, and market acceptance of, Gridsum’s solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and development activities; competitions in the digital intelligence market; PRC governmental policies relating to media, software, big data, the internet, internet content providers and online advertising; and general economic and business conditions in the regions where Gridsum provides solutions and services. Further information regarding these and other risks is included in Gridsum’s reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

For more information, please visit http://www.gridsum.com/.

Investor Relations

Gridsum 
[email protected]

Christensen
In China 
Mr. Christian Arnell 
Phone: +86-10-5900-1548 
Email: [email protected] 

In U.S. 
Mr. Tip Fleming 
Phone: +1 917 412 3333 
Email: [email protected]

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SOURCE Gridsum Holding Inc.

SUNNYVALE, California, December 29, 2017 /PRNewswire/ —

In response to the increased demand for its mobility products, NDOT, a Coimbatore-based technology firm, takes series of initiatives as a move to make its global presence in an ever-growing transportation market. Cloaked over $6 million in sales and partnered with over 250+ clients worldwide, NDOT’s products have greater potential to revolutionize the industry.

     (Logo: http://mma.prnewswire.com/media/623441/NDOT_Logo.jpg )

Earlier this year, they were in talks with the foreign investor to raise the fund of $10 million for its expansion and developments. As they are planning for a bigger move to build an international portfolio, they announce its expansion plan recently and are also looking for resellers across the globe to sell Enterprise SaaS products.

NDOT has hit the transportation industry with its eminent products for taxi management, Taximobility, and fleet and logistics management, CerebroX, serving clients worldwide. Both are feature-rich and one-of-a-kind connected intelligent platforms to equip the industry players with efficient taxi and fleet management solutions.

Having a competitive advantage, NDOT has a strong business model focused on technology enablement and innovation that are positioned for very large-scale growth. With clear investment plans, they have tracked a way to benefit its investors with 4-5x growth in 3 years.

“As a mission to avail the opportunities and get more visibility in the global market, our investments are now geared toward building our international portfolio in the USA, the Middle East, and the UK,” NDOT’s MD, Nandakumar Somasundaram said.

About NDOT 

NDOT is an IT firm that provides connected intelligent solutions for transportation management. We are envisioned to be the global leader in providing the transportation technology to help businesses make smarter decisions in moving commodities and people. And has a mission of connecting 2 million commercial vehicles on Cloud by 2020. We have been in the industry for over a decade and have a wide experience in the field and begot two unique brainchilds to manage on-demand passenger services and fleet and logistics businesses, Taximobility and CerebroX, respectively.

For more information, please visit: http://www.ndot.in/

About Nandakumar Somasundaram 

Nandakumar Somasundaram, the CEO and Managing director of NDOT, is a techie who envisioned the future of the Internet of Things (IoT) and stepped into the IT industry with a passion for Artificial Intelligence (AI). He is obsessed with transportation and wants it to be simplified with technology and connected intelligence. Now his focus is more on transportation and logistics.

SOURCE NDOT

MADISON, Miss., Dec. 29, 2017 /PRNewswire/ — Latium (www.latium.org), the world’s only tasking platform that blends an AI-based user reputation score with a “one-to-many” task relationship structure, launched the Alpha version of their platform today.

 (PRNewsfoto/Latium)

Latium provides the unique opportunity for income seekers to earn wages by completing tasks, while employers may hire one person or thousands of people to complete tasks for them. The Alpha launch of the tasking platform, which matches employees with employers in the world, will for the first time, allow users to post tasks and have them completed, while also applying for and completing tasks on their own.

Features will be added to the Alpha version up until its Beta release in Q1 of 2018 while finalized production is still on schedule to be completed in Q2 of 2018.

Latium is the only tasking platform that uses a proprietary artificial intelligence algorithm to assign reputation scores to both employers and employees, providing a quantitative, unbiased quality assurance system for all users. In addition, Latium maximizes earning potential for task-doers, by gamifying and localizing task opportunities for users.

“We are very happy to deliver our first release on schedule,” said Latium Co-Founder and CEO, David Johnson. “This industry is full of great ideas that never see the light of day. I am very proud of everyone on the team for ensuring Latium is not just an idea but a reality.”

Johnson has 25 years experience in financial technology and internet commerce, and is founder of CashBackForex.com, the world’s largest forex rebate provider, with $10 billion in monthly trading volume.

Latium LATX will be the exclusive form of payment for workers and employers on the platform. With their ongoing general token sale, users looking to get involved can purchase LATX from the Latium website.  

More information about how to participate in the LATX token sale is available at www.Latium.org.

About Latium
Latium represents a paradigm shift in decentralized economics that streamlines how humans work and earn money, exclusively using the LATX cryptocurrency for users to transact business. The first tasking platform to deploy a proprietary artificial intelligence algorithm to objectively rate users, Latium provides a one-to-many task relationship structure that allows both task-doers and task-makers to find quality partners with whom to work.

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SOURCE Latium

WATERLOO, Ontario, Dec. 29, 2017 /PRNewswire/ — Open Text Corporation (NASDAQ: OTEX, TSX: OTEX), The Information Company™, today announced that it will be added to the S&P/TSX 60 Index prior to the open of trading on January 2, 2018. The S&P/TSX 60 Index is a stock index of 60 of the most valued companies in Canada listed on the Toronto Stock Exchange.

“The addition of OpenText to the S&P/TSX 60 Index reflects a significant milestone in our history,” said Mark J. Barrenechea, OpenText Vice Chairman, CEO & CTO.  “Our Enterprise Information Management (EIM) products and cloud offerings are well aligned to the digital transformation strategies of our global customers.  With the addition of Artificial Intelligence, Security and the Internet of Things in our portfolio, the company has never been in a stronger position to meet the strategic needs of our customers.”

Barrenechea further added, “At the foundation of OpenText is an unrelenting commitment to customer success, innovation and value creation. I would like to thank and congratulate all of our employees, customers and partners who have worked to grow the company to this milestone with dedication, pride, and a steadfast focus on our values.”

For more information on the S&P/TSX Index, please visit: http://ca.spindices.com/indices/equity/sp-tsx-composite-index

About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information systems, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit www.opentext.com.

Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

OTEX-F

Copyright ©2017 Open Text. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text. All rights reserved. For more information, visit: http://www.opentext.com/who-we-are/copyright-information.

 

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SOURCE Open Text Corporation

DONGGUAN, China, Dec. 29, 2017 /PRNewswire/ — The event’s tagline “Promoting S&T cooperation and matching research with production for a better future” aptly described the exhibits spreading across the 25,000-square-meter space and divided into six designated exhibition zones which are focused on international cooperation, innovative achievements of science and research institutions as well as advanced and specialized technologies. Exhibits included international projects as a result of collaborative efforts with the USA, Germany, the UK, Japan, Australia and Israel, and projects involving the application of innovative scientific research achievements made by the Chinese Academy of Sciences, the Guangdong Academy of Sciences and similar such academies across China in addition to Chinese central government-owned and other new scientific research and development facilities. The exhibition zones also showcased innovative scientific and technological outcomes achieved by the Pearl River Delta National Independent Innovation Demonstration Zone in Songshan Lake as well as facilities involved in civil-military integration efforts and other new research and development organizations in and around Dongguan. Over 300 companies and scientific research organizations showcased more than 2,000 high-tech projects, as well as innovative products and services, encompassing the civil-military integration, intelligent manufacturing, electric vehicles, startup incubation and intellectual property fields. 

Signing Ceremony for Ten Technology Projects

During the event, 18 specialized technology-focused panel discussions and forums were held, attended by 30 professors and researchers from national scientific and engineering institutions, over 200 leading experts from Chinese and international organizations, as well as more than 1,000 representatives from research organizations and companies engaged in related fields. The attendees discussed topics related to intelligent manufacturing, civil-military integration, microorganism safety and health, energy conservation and environmental protection, as well as geospatial technology, in a move to interest and engage the audience in these new technologies and boost exchanges on technical information. Among the event highlights, Robert Curl, winner of the Nobel Prize in Chemistry, and Kevin Kelly, founding executive editor of Wired, delivered keynote speeches on the theme of the “Power of Future Technologies” at the 2nd China Science and Technology Innovation Forum. Messrs. Curl and Kelly also shared their opinions on the “Power of Future Technologies: Artificial Intelligence”, the theme of the roundtable forum attended by Zhang Jianwei, academician of the Academy of Sciences and Humanities in Hamburg and Zhao Xinli, deputy director of the China Science and Technology Exchange Center. The forums helped transform the event into a platform where scientists gathered to exchange and share with the world their innovative ideas and opinions, attracting widespread attention.

In addition, the event also set up an international platform for global scientific research institutions and companies, where a ceremony celebrating the signing of ten technology projects, an auction for access to ten new technologies as well as an auction to bid for the opportunity to work on solutions that address ten technological challenges facing companies took place, providing a new path to the application of technological achievements.

The above information is provided and confirmed by Xiangming Wang, issued on behalf of China Technology Media by Guangdong Innovation Technology Media Service Center.

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SOURCE Guangdong Innovation Technology Media Service Center

BEIJING, Dec. 28, 2017 /PRNewswire/ — Cheetah Mobile Inc. (NYSE: CMCM) (“Cheetah Mobile” or the “Company”), a leading mobile Internet company with strong global vision, today announced that its Board of Directors (the “Board”) has appointed each of Mr. Michael Jinbo Yao and Mr. Michael Lingye Zuo as an independent director, effective December 28, 2017. Mr. Michael Jinbo Yao will also join the corporate governance and nominating committee of the Board, effective the same date. Mr. Michael Lingye Zuo will also join the audit committee, the compensation committee, and the corporate governance and nominating committee of the Board, effective the same date. In addition, Mr. David Ying Zhang has resigned as an independent director of the Company.

Mr. Sheng Fu, Cheetah Mobile’s Chief Executive Officer, stated, “We are honored and excited that both Mr. Michael Jinbo Yao and Mr. Michael Lingye Zuo will join our Board. Their extensive leadership experience, industry and investment expertise, and connections in China’s Internet space will bring significant value to Cheetah Mobile as the Company builds its next stage of growth. On behalf of Cheetah Mobile’s Board of Directors, I would also like to express my gratitude to Mr. David Ying Zhang for his time, dedication and valuable contribution to Cheetah Mobile.”

Mr. Michael Jinbo Yao is the Chairman and Chief Executive Officer of 58.com. Mr. Yao founded 58.com, and has served as the Chairman of the Board of Directors and Chief Executive Officer of 58.com since its inception. Mr. Yao is a pioneer in China’s Internet industry. Prior to founding 58.com, Mr. Yao founded in 2000 domain.cn, a domain name transaction and value-added service website in China. After domain.cn was acquired by net.cn in the same year, Mr. Yao served in various managerial roles at net.cn, including Vice President of Sales, until 2005. Mr. Yao currently serves on the Board of Directors of Xueda Education Group, a NYSE-listed company he co-founded. Mr. Yao received his bachelor’s degrees in computer science and chemistry from Ocean University of China (formerly known as Ocean University of Qingdao) in 1999.

Mr. Michael Lingye Zuo is one of the founding members of Matrix Partners (China) and has strong investment expertise. Mr. Zuo joined WI Harper after graduating from Tsinghua University School of Economics and Management in 2002, and played an instrumental role in WI Harper’s investment in Focus Media in 2004. At Matrix Partners (China), Mr. Zuo focuses on the marketplace and enterprise services sectors and is actively involved in making investment decisions. He has led investments in Cheetah Mobile, Baofeng, Liepin, Yuantiku, To8to, Anjuke, Babytree, 36Kr, Beisen, Xiaoshouyi. Mr. Zuo was ranked by Zero2IPO as one of the top 10 rising stars in China’s Venture Capital Industry in 2006.

About Cheetah Mobile Inc.

Cheetah Mobile is a leading mobile Internet company with strong global vision. It has attracted hundreds of millions of monthly actively users through its mobile utilities products such as Clean Master and Cheetah Keyboard, casual games such as Piano Tiles 2, and its live streaming product Live.me. The Company provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels. Cheetah Mobile is committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.

Safe Harbor Statement

This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile’s growth strategies; Cheetah Mobile’s ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile’s ability to monetize its platform; Cheetah Mobile’s future business development, financial condition and results of operations; competition with companies in a number of industries including Internet companies that provide online marketing services and Internet value-added services; expected changes in Cheetah Mobile’s revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile’s filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Investor Relations Contact

Cheetah Mobile Inc.
Helen Jing Zhu
Tel: +86 10 6292 7779 ext. 1600
Email: [email protected]

ICR, Inc.
Xueli Song
Tel: +1 (646) 417-5395
Email: [email protected]

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SOURCE Cheetah Mobile

DUBLIN, Dec. 28, 2017 /PRNewswire/ —

The “Global Artificial Intelligence Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 – 2023” report has been added to Research and Markets’ offering.

Research and Markets Logo

Artificial Intelligence is the theory and development of computer systems able to perform tasks that require human intelligence such as visual perception, speech recognition, decision making and translation of languages. The global artificial intelligence market is anticipated to expand at a CAGR of 62% during the forecast period 2016-2023. and is projected to hit $36 billion by 2025. Due to hardware advantages, superior processing power, superior serial and parallel power and excellent memory power due to recent advancements in the computer power and several other benefits.

North America has the largest market for artificial intelligence and occupied 38% of total market share in 2015 as all the elite market players are in U.S. Factors that attribute to the growth of North America include high-tech developments of artificial intelligence in various fields. Demand in Europe is mainly due to scalability of developed advanced solutions. Asia Pacific is expected to exhibit a promising growth due to increasing demand for artificial intelligence in the automation for various manufacturing and processing industries which is encouraging the deployment of smart robots to increase work rate. Market growth in MEA is primarily driven by the growth of aviation programs and technological advancements in the field across the region which in turn is encouraging companies to invest in artificial intelligence technologies.

Global artificial intelligence market report covers segmentation analysis of technology, system type and end users. Report further covers segments of technology type which includes machine learning, image processing, speech recognition etc. By system type, it is further divided into fuzzy, hybrid, intelligent systems etc. The speech recognition is projected to exhibit the highest growth in the forecast period and reach revenue worth $11.96 billion by 2023. The end-users of artificial intelligence include BFSI, healthcare, education, media etc. Among these, BFSI segment dominated the market in terms of revenue in 2015 and is expected to continue its dominance during forecasted period.

Companies Mentioned

  • 24/7 Customer Inc. (U.S)
  • Apple Inc. (U.S.)
  • Google Inc. (U.S.)
  • IBM Corporation (U.S. )
  • Intel Corporation(U.S.)
  • Ipsoft (U.S.)
  • Microsoft Inc. (U.S.)
  • Microstrategy Inc. (U.S.)
  • Next It Corporation (U.S. )
  • Nvidia Corporation (U.S.)
  • Qlik Technologies (U.S.)
  • Rocket Fuel Inc. (U.S.)
  • Shell Oil Company (Netherlands )
  • Skype (Luxembourg )
  • Uber (U.S.)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles
 
For more information about this report visit https://www.researchandmarkets.com/research/kq8mxc/global_artificial

Media Contact:

Laura Wood, Senior Manager
[email protected]  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

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SOURCE Research and Markets

BEIJING, Dec. 28, 2017 /PRNewswire/ — Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today announced that the Company will participate in Morgan Stanley’s China Technology, Media & Telecoms Conference in Beijing from January 8 – 10, 2018.

Mr. Guosheng Qi, Chairman of the Board and Chief Executive Officer, Mr. John Jiyang Liu, Chief Technology Officer, Mr. Michael Peng Zhang, Co-Chief Financial Officer and Mr. Ravi Sarathy, Co-Chief Financial Officer, will represent the Company at the conference. 

The Company is scheduled to give a keynote speech titled “AI Meets Big Data in the Cloud,” participate in a panel discussion on artificial intelligence in China, and host a full schedule of one-on-one and group meetings with institutional investors.

For additional information, please contact your Morgan Stanley representative.

About Gridsum 

Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better informed decisions and be more productive.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, Gridsum’s strategic and operational plans contain forward-looking statements. Gridsum may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Gridsum’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: unexpected difficulties in Gridsum’s pursuit of its goals and strategies; the unexpected developments, including slow growth, in the digital intelligence market; reduced demand for, and market acceptance of, Gridsum’s solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and development activities; competitions in the digital intelligence market; PRC governmental policies relating to media, software, big data, the internet, internet content providers and online advertising; and general economic and business conditions in the regions where Gridsum provides solutions and services. Further information regarding these and other risks is included in Gridsum’s reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

For more information, please visit http://www.gridsum.com/.

Investor Relations

Gridsum

[email protected]

Christensen

In China

Mr. Christian Arnell

Phone: +86-10-5900-1548

Email: [email protected]

In U.S.

Mr. Tip Fleming

Phone: +1 917 412 3333

Email: [email protected]

 

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SOURCE Gridsum Holding Inc.

ROCHESTER, N.Y., Dec. 28, 2017 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix”), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies for the consumer and enterprise markets, is pleased to announce a strategic partnership with Powershelf to deliver a comprehensive wearable Internet of Things (IoT) smart glasses solution for stocking retail store shelves. The “Powershelf Stock-to-Sight and Pick-to-Sight, powered by Vuzix” solution uses AR technology and artificial intelligence to provide a hands-free option for store personnel to scan and overlay product-specific images directly into Powershelf through Vuzix smart glasses to reduce errors, save money and improve employee efficiency.

Powershelf Stock to Sight and Pick-to-Sight, powered by Vuzix

“Restocking consumes enormous amounts of resources as every item sold needs to be restocked by hand,” said John White, Co-CEO of Powershelf. “Through our Powershelf Network, which includes GE, SAP, Qualcomm, Microsoft and now Vuzix, we will integrate Powershelf’s machine learning and artificial intelligence technologies with Vuzix’ augmented reality technology to remove significant costs from retailers. Together we will give retailers powerful new tools to further improve their operational efficiency as well as optimize their supply chains and help them better serve their customers.”

Retailers adopting the “Powershelf Stock-to-Sight and Pick-to-Sight, powered by Vuzix” solution will see significant benefits. In a recent study conducted with a major global shipping company, AR smart glasses technology delivered:

  • Up to a 15 percent increase in picking accuracy; and,
  • A 50 percent decrease in employee training time.

In another study with a major global healthcare company there was a, 46% increase in pick and pack productivity using AR glasses.

The Powershelf® platform combines their battery-free smart shelving hardware devices with proprietary software to transform stores into smart and connected environments. The platform gives retailers an edge in today’s omni-channel retail environment by harnessing live on-shelf availability data, improved pricing accuracy and reduced out-of-stock incidents, while providing the ability to interact with shoppers’ mobile devices in real time. The Powershelf platform is a green technology: It requires no batteries and it significantly reduces the need for paper tags and signage, which can help retailers meet their environmental sustainability goals.

“Partnering with Powershelf provides a tremendous opportunity for Vuzix to establish a footprint inside the day-to-day operations at retail stores with some of our next generation smart glasses.  More importantly, it allows us to leverage the existing Powershelf network, exposing new and valuable use cases for this comprehensive solution set combining Machine Learning, IoT and the use of our award winning Augmented Reality technology.  Anyone familiar with this space can see how this will change the game in retail,” said Paul Travers, CEO and President, Vuzix.

About Powershelf
Powershelf is a leading provider of retail technology solutions. The Powershelf platform includes Microsoft, Qualcomm, SAP and GE integrated solutions to provide constant power and two-way communication to software-enabled applications and devices. The platform enables retailers and manufacturers to improve their operational efficiency, reduce out-of-stock incidents, improve demand forecasting, reduce waste and, ultimately, lower prices. For more information, please visit www.IoTSmartRetail.com.

About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company’s products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix holds 59 patents and 42 additional patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2018 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan.

Forward-Looking Statements Disclaimer
Certain statements contained in this news release are “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward looking statements contained in this release relate to the business success of our relationship with Powershelf, the efficiencies from their solutions coupled with Vuzix products, and among other things the Company’s leadership in the Smart Glasses and AR display industry. They are generally identified by words such as “believes,” “may,” “expects,” “anticipates,” “should” and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company’s beliefs and assumptions as of the date of this release. The Company’s actual results could differ materially due to risk factors and other items described in more detail in the “Risk Factors” section of the Company’s Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

Media and Investor Relations Contact:

Matt Margolis, Director of Corporate Communications and Investor Relations, Vuzix Corporation
[email protected] Tel: (585) 359-5952

Andrew Haag, Managing Partner, IRTH Communications
[email protected] Tel: (866) 976-4784

Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 USA,
Investor Information – [email protected] www.vuzix.com

For further sales, and product information, please visit:

North America:
http://www.vuzix.com/contact/

Europe/UK:
https://www.vuzix.eu/contact/

Asia:
http://www.vuzix.jp/contact.html

Vuzix logo (PRNewsfoto/Vuzix Corporation)

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SOURCE Vuzix Corporation