MMTEC, INC. Announces Acquisition of a 49% Interest In a Newly-Formed Entity called Xchain Fintech PTE.LTD., Singapore corporation

BEIJING, July 1, 2019 /PRNewswire/ — MMTEC, Inc. (Nasdaq:MTC) (“MMTec” or the “Company”) a China based technology company that provides access to the U.S. financial markets, announces the acquisition of a 49% interest in a newly-formed entity called Xchain Fintech PTE.LTD., Singapore corporation. The Company was not required to make a substantial investment in Xchain Fintech PTE.LTD. Xchain Fintech PTE.LTD. has been formed for the purpose of providing technical support for the construction and development of new solutions for the existing problems of the traditional financial industry, the difficulty experienced by investors in investing and allocating investment assets globally, and the protection of funds and investments by using advanced technologies, such as artificial intelligence, big data analysis and blockchain.

ABOUT MMTEC, INC.

Headquartered in Beijing, China, our Company was founded on January 4, 2018. We have developed and deployed a series of platforms, including the ETN Counter Business System, the PTN Private Fund Investment Management System, the Personal Mobile Transaction Client System, the PC Transaction Client System, the Individual and Institutional Integrated Account Management System, and the Quantitative Investment Transaction Platform, which comprise a business chain that enables Chinese language speaking hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms to engage in securities market transactions and settlements globally. For additional information about the Company please refer to its corporate website at http://www.51mm.com.

FORWARD-LOOKING STATEMENTS

This press release may contain certain “forward-looking statements” relating to the business of MMTEC, Inc. and its subsidiary companies. All statements other than statements of historical fact included herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s ability to meet its projected output for the term of the supply contract; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and uånknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information please contact: 

China Investor Relations:

Fan Wang
E-Mail: wangfan@xgujia.com
Tel: +86 10 5617 2312

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SOURCE MMTEC, Inc.

SMEs Working in Data Driven Applications and Experiments in IoT to be Supported With 1 Million Euros by the MiDIH Project

BARCELONA, Spain, July 1, 2019 /PRNewswire/ — IoT and Cyber-Physical systems are on the rise in the manufacturing sector. To this end, the European Commission, through the system of cascade funding, enables MiDIH “Manufacturing Industry Digital Innovation Hubs” to provide Manufacturing SMEs with access to digital solutions, industrial experiments, a pool of human and industrial competencies and access to market and financial opportunities to develop application experiments. Its Second Open call targets the development of data driven applications, preferably by IT SMEs as technology providers, and experiments in CPS/IoT preferably by Manufacturing SMEs.

Sergio Gusmeroli, MiDIH Project Coordinator.

This call is aimed towards the development of complementing functionalities around reference architecture and performing experiments in CPS/IoT based on the components provided by the architecture. To apply for financial support the experiments must cover one of the three scenarios: Smart Factory, Smart Product or Smart Supply chain.

More support for Deep Tech Innovations

To apply for up to €60.000 of financial support, candidates are required to provide experiments based on the MiDIH architecture and to provide the correspondent datasets to be experimented in MiDIH HPC/Clouds; the deadline to apply closes on 6th August 2019.

The technological activities that can be covered revolve around four main topics: Modeling and simulation of innovative HPC/Cloud applications for highly personalised Smart Products, Smart Factory and Smart Supply Chain; Smart Factory and Smart Product Digital Twin models alignment and validation via edge clouds distributed architectures; Advanced applications of AR / VR Technologies for Remote Training / Maintenance Operations (Smart Product and Smart Factory); and/or Machine Learning and Artificial Intelligence advanced applications in Smart Product, Smart Factory and Smart Supply Chains management and optimisation.

About I4MS

I4MS, ICT Innovation for Manufacturing SMEs, is a European initiative supporting manufacturing SMEs and mid-caps in the widespread use of information and communication technologies (ICT) in their business operations. Under I4MS, SMEs can apply for technological and financial support to conduct small experiments allowing them to test digital innovations in their business via open calls.

MiDIH is one of the projects within I4MS that are co-funded by the European Union’s Horizon 2020 research and innovation programme to promote the adoption of new technologies in manufacturing – under grant agreement No. 767498. It foresees as an eligible activity the provision of financial support to third parties, as a means to achieve its own objectives. The Open Calls are aimed to select new cross-border experiments to be executed and validated in real (additionally to the Lighthouse cases) or realistic (the Teaching Factories) industrial facilities.

Are you interested? Read more about our project or apply to the second open call.

 

 

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SOURCE Mobile World Capital Barcelona

One Network Recognized for Operations and Supply Chain Excellence by Ventana Research

DALLAS, July 1, 2019 /PRNewswire/ — One Network Enterprises, a leader in supply chain network technology, today announced that it has been named a finalist in the 2019 Ventana Research Leadership Award for Operations and Supply Chain Excellence. One Network received this honor based on innovations in their market-leading, multi-party SaaS platform – a disruptive artificial intelligence (AI)-based technology which enables autonomous supply chain management across complex, multi-tier supply chain networks.

One Network Enterprises (ONE) is the global provider of a secure, and scalable multi-party network in the cloud.

The annual Ventana Research Digital Innovation Awards recognize vendors that have introduced noteworthy innovations in technology that advance business and IT. The Digital Innovation Awards showcase advances in the productivity and potential of business applications as well as technology that contributes significantly to improved efficiency, productivity, and the performance of an organization.

“One Network’s ability to connect organizations to a rich ecosystem of trading partners is impressive, because it empowers businesses to effectively manage, optimize, and automate multi-party processes and execute decisions to support autonomous supply chain management,” said Mark Smith, CEO & Chief Research Officer of Ventana Research. “We congratulate them for the significant business value it brings to customers and for helping them turn their supply chain into revenue generators by digitizing and automating new business processes.”

Finalists were selected based on their technology and the extent to which they help organizations innovate or enhance the productivity and outcomes of their business or IT processes. One Network was acknowledged for delivering Version 22 and more specifically for NEO, the Company’s proprietary machine learning and intelligent agent technology that makes and executes decisions and supports autonomous supply chain management.

The Digital Innovation Awards are delivered by the Ventana Research team, which through its benchmark research, on-demand advisory and education continues to pioneer new methods for organizations to become efficient and effective in their business. As part of the scoring process and methodology, Ventana Research examines the submissions for not just the innovative technology approach, but also how it applies to people, processes, information and technology, the best practices it supports, the degree of team involvement and the technologies, business impact, and value.

“We’re very proud to be recognized for our multi-party digital platform and, more importantly, for helping our customers optimize their entire supply chain so they can achieve significant value,” said Greg Brady, Founder and CEO of One Network. “Our machine learning and AI-driven technology facilitates and improves business supply chain sequences and transactions for more than 75,000 organizations, enabling them to transact seamlessly and securely so our customers can move beyond decision-support to decision-making and autonomous control of the entire supply chain.”

Tweet this: News: @onenetwork recognized by @VentanaResearch for its #AI driven #multipartynetwork and for delivering unprecedented #supplychainvisibility and #supplychain value for business and IT users  

About One Network Enterprises
One Network is the intelligent business platform that enables autonomous supply chain management. Powered by NEO, One Network’s machine learning and intelligent agent technology, its multi-party digital platform delivers rapid results at a fraction of the cost of legacy solutions. The platform includes modular, adaptable solutions for multi-party business and helps companies realize value and run more efficiently, with less waste. It uses intelligent agents that predict consumer demand, optimize and operate the supply chain at near-theoretical limits. Additionally, One Network offers a PaaS solution and developer tools that allow organizations to design, build and run multi-party applications. Leading global organizations have joined One Network, helping to transform industries like Consumer Goods, Healthcare, Automotive, Retail, Logistics, Public Sector and Defense. Headquartered in Dallas, One Network also has offices in Japan, Europe, and India. For more information, please visit www.onenetwork.com.

Media Contacts
Chris McCoin or Richard Smith
McCoin & Smith Communications Inc.
508-429-5988 (Chris) or 978-433-3304 (Rick)
chris@mccoinsmith.com or rick@mccoinsmith.com

 

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SOURCE One Network Enterprises

CobbleStone Software to Teach Contract Management Best Practices in the City of Brotherly Love

PRINCETON, N.J., July 1, 2019 /PRNewswire-PRWeb/ — CobbleStone Software, a leading provider of contract management and eProcurement software, brings the 2019 Seminar Series and Group Training Tour to Philadelphia, PA on July 26th, 2019. The event series, “The Road to Contract Management & Procurement Success,” helps attendees leverage technology to simplify and streamline their contract management and procurement processes. The Philadelphia event will be the fourth training location on the tour and CobbleStone has opened registration for upcoming events in New York City, Orlando, and Chicago.

For those new to CobbleStone, and who are interested in user-friendly contract management software built for legal and procurement teams, CobbleStone is offering a Free Educational Seminar, covering the fundamentals of contract management software to lay the foundation for successful contract lifecycle administration.

Current CobbleStone Software users are encouraged to register for the Contract Insight® Group Training Tour, covering the ins and outs of Contract Insight while diving deep into the benefits of smart tools like automated workflows, artificial intelligence, and machine learning.

The Contract Insight Group Training Tour and the Free Educational Seminar will be held at the Philadelphia Marriott Downtown on July 26th, 2019.

The free seminar agenda covers an introduction to Contract Insight and informational sessions on topics like drafting better templates, risk management, and contract artificial intelligence.

The group training agenda includes user-success sessions on automated workflows and managing alerts, eSourcing and eProcurement, and reporting and dashboards.

Attendees will have the opportunity to meet implementation specialists from CobbleStone and discuss how they can use software to make their lives easier. Learn from these Contract Insight training professionals who have years of experience working one-on-one with leading organizations to create a better contract management roadmap.

“Our interactive sessions are built to help current clients, and those new to CobbleStone, discover ways to streamline and automate contract processes while finding success with our contract management software’s user-friendly functionality.” – Bradford Jones, Director of Sales and Marketing at CobbleStone Software

Contract professionals are encouraged to take advantage of this in-person training experience to see CobbleStone’s award-winning software in action. If you’re looking for an edge in managing your contracts, you don’t want to miss this!

Free Educational Seminar: Reserve my seat today

Contract Insight Group Training Tour: Register now

CobbleStone Software is a leader in providing enterprise contract management, vendor management, and eSourcing software solutions for over 20 years and is trusted by thousands of users. CobbleStone’s contract management solutions provide contract and vendor tracking, configurable email alerts, calendar notifications, contract workflow management, robust security options, authoring of contract templates with dynamic clauses, revenue/cost management, full text indexing and searching, vendor/client ratings, document version control, custom reports, electronic signature, smarter contracts with machine learning, and more.

To learn more about CobbleStone Software’s training events, contact the CobbleStone Team at training(at)cobblestonesoftware.com or call 866-330-0056.

 

SOURCE CobbleStone Software

SiFive Expands DesignShare IP Ecosystem to 20 Partner Companies

SAN MATEO, Calif., July 1, 2019 /PRNewswire/ — SiFive, Inc., the leading provider of commercial RISC-V processor IP and silicon solutions, announced today that it has expanded its DesignShare ecosystem to 20 portfolio companies and strengthened the third-party IP available to developers of SoCs designed for use in artificial intelligence (AI) and edge inference. As SoC design and IP costs rise for advanced nodes, SiFive continues to deliver innovative business models in order to democratize access to optimized silicon by improving design efficiency for driving differentiated System-on-Chip (SoC) solutions to market.

For more information, please visit: www.sifive.com

With the AI silicon market forecast to reach $30 billion by 2023, SiFive is developing AI platforms in leading FinFET nodes for computer vision, edge inferencing and training applications. The deployment of highly optimized silicon at the edge will require the customizability and capabilities afforded by SiFive’s 64-bit RISC-V processors. The cost and effort of acquiring IP for such use cases, however, has traditionally been a high barrier to building new custom SoCs. SiFive’s DesignShare ecosystem addresses these challenges by providing key IP for any silicon engagement as well as selected, tested and integrated IP solutions for targeted applications.

Following its recent announcements of securing over 100 design wins and the introduction of the industry’s first template SoCs, SiFive’s latest DesignShare IP ecosystem additions include cryptographic security solutions, in-chip monitoring, memory compilers, interconnects and controllers, clock management and SerDes. With existing offerings such as GPUs and accelerators, SiFive’s DesignShare ecosystem offers a complete portfolio of leading and differentiating IP for custom SoC and Template SoC development, optimized for AI, IoT and edge inference.

“AI development is driving semiconductor design in many markets,” said Mohit Gupta, vice president, SoC IP solutions, SiFive. “As we continue to develop complete solutions on advanced FinFET nodes, it is critical to bundle key and differentiating IP from market leaders with our RISC-V core IP and silicon expertise in order to realize the much-needed higher TOPS per milliwatt with low latency performance, while balancing the needs for low power and smaller area footprints. We bring unique capabilities to edge inference use cases and our enhanced DesignShare ecosystem now provides all critical IP for next generation SoCs and accelerators.”

The need for highly specialized IP is only deepening with increased silicon specialization for specific workloads and the demand for domain-specific architectures. To meet these needs directly for customers, SiFive has added numerous key offerings to its DesignShare ecosystem, including: 

  • Imagination Technologies for its industry-leading PowerVR GPU and neural network accelerator (NNA), which is needed for computationally intensive graphical and matrix multiplication workloads;
  • Savarti for its innovative standard and specialty memory compilers for single and dual port SRAMs and TCAMs that allow for multiple, user-selectable PPA optimization points and comprehensive DFT modes with massive memory libraries for an optimized embedded memory architecture;
  • Silicon Creations, which is providing its leading PCIe SerDes as well as its fully integrated and versatile integer and fractional PLLs that allow for advanced clock signal management in very low and ultra-low power conditions with low to ultra-low jitter;
  • Openedges, for its bus fabric, OIC — the ORBITTM High Speed On-chip Interconnect IP —which delivers high-performance network-on-chip capability and SoC design flexibility based on an automated end-to-end interconnect generation flow. OIC delivers significant synergy in terms of maximum performance, reduced SoC design efforts and easier post-silicon debugging and tuning. Openedges’ Memory Controller, the ORBITTM DDR Memory Controller — OMC, delivers exceptional performance including high utilization and very low latency;
  • Moortec is providing its process, voltage and temperature (PVT) monitoring subsystem for embedded sensing solutions. In-chip PVT monitoring is now a key consideration for FinFET designs where it is used to increase SoC performance and reliability, especially in AI and accelerator use cases where sensing die temperature, detecting logic speed and monitoring voltage supply levels to a high accuracy can be used intelligently to dynamically optimize performance for lower power or higher data throughput;
  • SiFive is enabling security solutions for differentiated RISC-V based SoC’s and are collaborating with DesignShare ecosystem member SecureRF.  SecureRF, a recognized leader in security for small computing platforms, has developed quantum-resistant, public-key security tools for low-resource processors powering IoT devices; SecureRF delivers fast, low-energy and future-proof authentication, identification and data protection solutions for RISC-V based SoCs.

“With the depth and breadth of our third-party IP portfolio coupled with our highly efficient RISC-V Core IP, we can now truly offer customers and partners a ‘your block here’ solution to advanced AI SoCs,” said Naveed Sherwani, president and CEO, SiFive. “With the leading IP for IoT, edge and AI workloads in our DesignShare ecosystem, we extend deep customization and selection of differentiating IP to our customers to power the latest IP, algorithms and accelerators. Our architectural and implementation expertise allows our customers and partners to focus on their unique capabilities while we improve PPA and a provide a fast path to silicon.”

About SiFive
SiFive is the leading provider of market-ready processor core IP and silicon solutions based on the free and open RISC-V instruction set architecture. Led by a team of seasoned silicon executives and the RISC-V inventors, SiFive helps SoC designers reduce time-to-market and realize cost savings with customized, open-architecture processor cores, and democratizes access to optimized silicon by enabling system designers in all market verticals to build customized RISC-V based semiconductors. With 15 offices worldwide, SiFive has backing from Sutter Hill Ventures, Qualcomm Ventures, Spark Capital, Osage University Partners, Chengwei, Huami, SK Hynix, Intel Capital, and Western Digital. For more information, www.sifive.com.

 

 

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SOURCE SiFive