Press Releases

eBay Powers Searching and Shopping with Images on Mobile Devices

SAN JOSE, Calif., July 26, 2017 /PRNewswire/ — Today, eBay announced Image Search and Find It On eBay, new experiences for shoppers to use pictures instead of words to search eBay’s catalog of 1.1 billion items spanning the new and truly unique. Enabled by artificial intelligence and machine learning, these innovative ways to shop will allow people to quickly find the things they love, making the entire internet shoppable on their mobile device.  

eBay (www.ebay.com)

“Moments of shopping inspiration can come at any time, whether you’re walking down the street or browsing your social media feed,” said Mohan Patt, Vice President of Buyer Experience, eBay. “At eBay, we’re focused on creating new complementary technology that helps our millions of shoppers easily find the things they love at the best value. eBay Image Search and Find It On eBay makes it possible for people to shop eBay using any image or photo that inspires them.”

A new way to discover your version of perfect

With Image Search, shoppers can take a photo or use an existing photo from their camera roll of an item they want to purchase and enter it into the Search bar. eBay will then surface listings that are a close match or visually similar so users can purchase.  

With Find It On eBay, shoppers on any social platform – such as Pinterest or simply browsing their favorite blog or website – can simply “Share” the URL with eBay and the eBay mobile app will surface listings of the product.

Powered by artificial intelligence and machine learning

To help people solve the challenge of spending hours scouring stores or the web for certain items, eBay applied artificial intelligence and machine learning technology. These technologies are already embedded across the eBay experience making the Marketplace’s vast product catalog easily searchable. As people continue to use eBay Image Search, eBay will be able to surface even richer results and filtering – from new, nearly new and used items.

“When it comes to creating new, innovative shopping experiences, eBay is at a technological advantage due to the rich set of user-generated images and item data we’ve accumulated through the years,” Patt said. “By applying machine learning technology, eBay can deliver a fast and reliable shopping experience backed by one of the world’s largest commerce data sets.”

Find It On eBay and Image Search will be available this Fall. At the time of launch, Image Search will be supported on both Android and iOS and Find It On eBay on Android.

 eBay by the Numbers*

  • eBay has 171 million active buyers worldwide
  • 88% of GMV on eBay is fixed price
  • 1.1 billion listings are available at any given time
  • 81% of merchandise sold on eBay is new
  • 2/3 of eBay packages are delivered within 3 days or less
  • All eBay Deals include free shipping
  • Virtually all of the items on eBay are backed by a Money Back Guarantee
  • eBay apps have been downloaded 370 million times across the globe

 *Based on Q2 2017 data

About eBay
eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity through Connected Commerce. Founded in 1995 in San Jose, Calif., eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2016, eBay enabled $84 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

 

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SOURCE eBay Inc.

OpenText Buys Covisint

WATERLOO, Ontario, July 26, 2017 /PRNewswire/ — OpenText™ (NASDAQ: OTEX) (TSX: OTEX), a global leader in Enterprise Information Management (EIM), announced today that it has completed the closing of the previously announced acquisition of Covisint, the leading Cloud platform for building digital identity management, Internet of Things (IoT) applications, and automotive and transportation supply chains.

OpenText Logo

“Digital identity management, the Internet of Things, and B2B collaboration are at the heart of today’s digital revolution where extreme connectivity, automation, and computing are converging,” said OpenText CEO and CTO Mark J. Barrenechea. “The Covisint platform underscores our commitment to enabling our customers to be digital leaders and unlocking the value of their information through automation, analytics, and artificial intelligence. We are pleased to welcome Covisint customers, partners, and employees to OpenText today.”

Financing Details
The aggregate purchase price for the acquisition was approximately U.S. $103 million, and the transaction was funded with cash on hand.  A market and financial update will be provided during the OpenText fourth quarter fiscal year 2017 financial results call on August 3, 2017.

About OpenText 
OpenText enables the digital world, creating a better way for organizations to work with information, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.

 

Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release, including statements regarding OpenText’s plans, objectives, expectations and intentions relating to the acquisition, the acquisition’s expected contribution to OpenText’s results, financing of the acquisition, as well as the expected benefits of the acquisition and preservation of credit ratings, 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. 

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.

OTEX-MNA

Notes:  (1) All dollar amounts in this press release are in US dollars unless otherwise indicated. 

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SOURCE Open Text Corporation

Liulishuo raises approximately $100M in Series C funding to extend its lead in building smart AI English teachers

BEIJING, July 26, 2017 /PRNewswire/ — On July 26, 2017 Beijing time, Liulishuo, China’s leading AI + Education company, announced they have closed an approximately $100 million Series C funding at a press conference in Beijing. This new round of funding was led by China Media Capital (“CMC”) and Wu Capital. All of Liulishuo’s earlier investors,  including Trustbridge Partners, IDG Capital, GGV Capital, Cherubic Ventures and Hearst Ventures, also participated in this round.

Liulishuo raises approximately $100M in Series C funding to extend its lead in building smart AI English teachers

 

Liulishuo raises approximately $100M in Series C funding to extend its lead in building smart AI English teachers

Founded in 2012, after years of data collection, Liulishuo now hosts the world’s largest speech bank of Chinese people speaking English and this helped the company to self-develop the world’s most advanced automatic assessment engine for spoken and written English. As of July 2017, Liulishuo’s flagship mobile app product “Liulishuo” has the most popular and vibrant language learning community in China with over 45 million registered users.

Last July, Liulishuo launched the world’s first “AI English Teacher”, in the form of an AI-powered personalized interactive course, in its “Liulishuo” app. Based on deep learning technologies, Liulishuo’s “AI English Teacher” provides a personalized and adaptive learning path for every learner. It was designed to help learners improve all aspects of their English language abilities (listening, speaking, reading and writing) and to provide a comprehensive language learning solution. Liulishuo’s AI English teacher is proven to triple the learning efficiency (reduce the required learning time to one third) compared to human teachers in the CEFR standards (Common European Framework of Reference for Language), according to a study using the TOEIC Bridge Test from ETS. Within one year, its “AI English teacher” has acquired about 600,000 paying users. The company turned profitable in February, 2017.

Over the past few years, CMC has looked into several AI companies and Liulishuo is the first investment CMC has made in the field. Ruigang Li, chairman and founder of China Media Capital stated: “AI technology is rapidly developing now, and is completely changing the business models of many industries. It’s gradually becoming a significant bridge between people and content. Liulishuo is leading a new age of education, seeking to build an effective solution by applying artificial intelligence. China Media Capital is looking forward to a close cooperation with Liulishuo, and to creating more possibilities together in the future.”

Liulishuo is also the first AI+Education company that Wu Capital has invested in. Wu Capital is a pioneering family office in Mainland China currently funded by Yajun Wu, Madam Chairperson of Longfor Properties. “We have been interested in the huge opportunities brought about by the collision between traditional industries and artificial intelligence for a very long time. Liulishuo made personalized adaptive learning become a reality with their technology background and excellent products,” said Yan Zhang, CEO of Wu Capital.

Dr. Yi Wang, the founder and CEO of Liulishuo said: “Making learning efficient and personalized is our goal since the day Liulishuo was founded. The launching of the world’s first AI English teacher a year ago was an important step towards achieving the goal. The data and user cases we have collected in the past year have given us confidence that the deficiencies of traditional education, such as low efficiency, high costs, and access inequality, can be greatly improved by artificial intelligence technologies.”

“We are glad to see that CMC, Wu Capital and all our earlier investors share and fully support our vision in creating the future of learning with AI teachers. With this round of financing, we plan to increase our effort in hiring top-tier AI talents globally to extend our lead in the intersection of artificial intelligence and education, and launch more AI-powered personalized learning products,” said Yi Wang.

On the same day, Tomorrow Advancing Life Education Group (NYSE: TAL), a leading education services provider in China, and Liulishuo also announced a strategic partnership between the two companies. Liulishuo has become the provider of English speech assessment technology for TAL’s English learning products. Some of TAL’s products, such as Xueersi English and FirstLeap English, have already integrated Liulishuo’s English speech assessment engine into their core speech practice functions. TAL and Liulishuo plan to further extend their collaboration in all of TAL’s product lines and bring more advanced learning products to all Chinese K12 learners.

About Liulishuo

Liulishuo is China’s leading “AI + Education” company in the area of language learning, founded in Hangzhou by Yi Wang, Hui Lin and Ben Hu in September 2012. Dr. Yi was a product manager at Google in Mountain View, California and received his Ph.D. in computer science from Princeton University. Dr Hui was a research scientist at Google head quarter and received his Ph.D. from University of Washington. In Liulishuo’s early days, the company has advanced product and technology background. Liulishuo now hosts the world’s largest speech bank of Chinese people speaking English and this helped the company to self-develop the world’s most advanced automatic assessment engine for spoken and written English.

Based on deep learning technologies, Liulishuo has developed the world’s most intelligent and highly effective AI English teacher which provides a personalized and adaptive learning path for every learner. It is proven to triple the learning efficiency (reduce the required learning time to one third) compared to human teachers in the CEFR standards (Common European Framework of Reference for Language), according to a study using the TOEIC Bridge Test from ETS.

As of July 2017, Liulishuo’s flagship mobile app product “Liulishuo” has the most popular and vibrant language learning community in China with over 45 million registered users. It has been featured on the Apple App Store’s “App Store Essentials” and “Selected Apps of the Year”.

About China Media Capital

CMC, founded and chaired by Ruigang Li, is China’s leading investment and operating platform in the areas of media & entertainment, internet technology & content, lifestyle technology and live events. CMC invests and operates in Greater China, North America, Europe and Asian markets. With a deep understanding of the Chinese market, an extensive network of industry resources and prominent operational capabilities. CMC has created and supported the growth of many champions and emerging leaders in subsectors including film, television, animation, sports, music, fashion, lifestyle, games, children’s content, advertising, marketing, financial media, location-based entertainment, theme parks, cinema, online video platforms, OTT, smart TV and social media.

About Wu Capitals

Wu Capital is a pioneering family office in Mainland China currently funded by Yajun Wu, Madam Chairperson of Longfor Properties. Since its establishment in 2013, Wu Capital has kept close dialogues with many successful family offices all over the world and endeavors to incorporate the best practices in China. Wu Capital partners with top global asset management firms and is dedicated to building a diversified growth portfolio that hedges against global macro-risks. To build a diversified portfolio, their investments cover multiple business domains and asset classes including VC/PE funds, hedge funds, direct equity investments and bond investments. Wu Capital takes a global perspective and collaborates with best-in-class fund managers and entrepreneurs worldwide. Investment themes include TMT, healthcare, fintech, high-tech, offline experience consumption, virtual experience consumption and culture/sports.

About TAL

The TAL Education Group (NYSE: TAL), as a leading EdTech company founded in 2003 in China is now going international. The acronym “TAL” stands for “Tomorrow Advancing Life,” which reflects its vision to provide learning through quality teaching and content, its concept to integrate leading edge technology into education as well as its mission to promote educational progress with science and technology and to strive for equal access to quality education for all. During the past 10 years since its establishment, TAL has been gathering quality social education resources. Based on data technologies, TAL carries out R&D and innovation on personalized learning and wider fields, promotes innovation, cooperation and progress in education industry, and actively devotes itself into education fairness and education for public interests. In addition to its core K12 after-school tutoring business, TAL supports comprehensive learning from Pre-K through higher education. It has over 20,355 employees, 450 learning centers in 37 cities in China and enrolled around 4 million offline students as well as over 35 million online trainees students in total. 

TAL Education Group is also an active investor in several educational ventures. Domestically, it has invested in companies such as Babytree, China’s largest parenting website, and Guokr.com, a hugely popular science news and education site. Internationally, TAL’s investment portfolio includes Minerva Schools, Knewton, Volley Labs and Ready4.

Powered by TAL, EdStars is a dedicated platform to support education leaders and entrepreneurs. Since 2014, EdStars has provided training, incubation and funding to 180 education and technology CEOs in China through its EdStars CEO Entrepreneur Camp. 29 companies in the network have closed Series C funding rounds, 40% have closed Series B funding rounds, and 11 companies have valuations exceeding $500 million USD.

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SOURCE Liulishuo

HGS Commitment to Optimizing CX Earns Top Honors for Best Outsourcing Partnership

CHICAGO, July 26, 2017 /PRNewswire/ — Hinduja Global Solutions (HGS), (listed on NSE & BSE in India) a global leader in optimizing customer experience (CX) to drive business results consistently for its clients, received a Gold award for Best Outsourcing Partnership for the third consecutive year at the 2017 Contact Center World Americas Awards. The annual awards competition is hosted by ContactCenterWorld.com. Honorees from North and South America gathered in Orlando, Florida, on June 20-23, 2017 to celebrate the top-ranking performers in the outsourcing industry.

“We are honored to be recognized by one of the world’s largest contact center associations as a trailblazer in outsourcing partnerships and self-service technology,” said Andrew Kokes, Global Head Marketing. “At HGS, our core focus is to provide the best customer experience by applying a simple design thinking methodology and always putting ourselves in the shoes of the consumer. We believe in transforming standard industry approaches, in delivering significant outcomes for our clients’ bottomlines, and helping customers get to the right answer, fast.”

HGS is a strategic partner to its clients, like Jarden Consumer Solutions, offering innovative solutions aligned with the client’s business objectives beyond the services provided by a traditional business process outsourcing (BPO) company. These partnerships involve mutual trust and accountability in full alignment of the client’s growth strategy and a shared vision to optimize the customer experience. HGS delivers significant outcomes to address challenges of growth, workforce management, need for digital solutions, sales and social media support. As a result, HGS has successfully supported its clients to grow their business, increase revenue and enhance their customer experience.

Integrating Bots & Brains:
In addition, HGS also received a Gold award for Best Use of Self-Service Technology for the second consecutive year with its integration of bots and brains. HGS has been helping major clients transform their traditional call center approach to a Unified CX Strategy® with DigiCX® solutions that lead with self-service. This integration of bots – automation, artificial intelligence – and brains – human agents – significantly enhances the customer experience. HGS’s self-service solutions are designed to empower consumers to Get the Right Answer Fast. The solution has built-in analytics that identify the top call drivers, enabling HGS to create how-to videos and improve the FAQs to better support customer inquiries. 

“Our self-service solution is based on a Smart Channel Selector algorithm, which is intelligent in offering the right type of channel based on customer issue type,” said Parikshit Kalra, SVP, Solutions and Capabilities. “This increases the probability of first contact resolution and customers do not have to keep shuffling between different channels. Based on this strategy, we are delivering an average 20 percent call volume deflection and 97 percent resolution rate. This is a key differentiator for us to compete in the industry.”

Contact Center World is the premier organization for contact center industry professionals to learn about best practices and meet other talent in the field.

About HGS

HGS is a leader in optimizing the customer experience and helping clients to become more competitive. HGS provides a full suite of business process management (BPM) services from traditional voice contact center services and transformational DigiCX services that are unifying customer engagement to platform-based, back-office services and digital marketing solutions. By applying analytics, automation, and interaction expertise to deliver innovation and thought leadership, HGS increases revenue, improves operating efficiency, and helps retain valuable customers. HGS expertise spans the telecommunications and media, healthcare, insurance, banking, consumer electronics and technology, retail, and consumer packaged goods industries, as well as the public sector. HGS operates on a global landscape with over 44,200 employees in 68 worldwide locations delivering localized solutions. For the year ended 31st March 2017, HGS had revenues of US$ 555 million. HGS, part of the multi-billion dollar Hinduja Group, has more than four decades of experience working with some of the world’s most recognized brands.

 

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SOURCE Hinduja Global Solutions (HGS)

Galileo Group Announces Satellite-based Automated Data Analysis Delivery Services

MELBOURNE, Fla., July 26, 2017 /PRNewswire/ — Galileo Group announced today it will be providing client delivery services for real-time and near real-time image analyses of data mapping and informatics products from micro- and nano-satellite technology systems that will work in tandem with more mature space-borne imaging sensors.

Executives with the firm said their technology’s functions in this area build upon an emergent use of satellite data analysis and constitutes a “complete package” of near real-time, high-resolution, multi-modality images, as collected from across the entire globe. Automated templates will be tailored for specific target identification and quantification packages for short-turnaround economical delivery to commercial customers via cloud delivery.

Galileo officials signaled initial applications are planned for agri-science uses, in which case, scenarios like country-level and/or local-to-regional area mapping needs are inherently time sensitive. These regions require frequent remapping of client targets for accurate science- or economic-based prediction objectives, according to the company’s chief, Michael Barnes.

“With our unique experience in global-airborne remote sensing operations, we have designed a data ingestion engine to work across micro-, nano- and conventional-satellite modalities,” Barnes, CEO of Galileo Group, said. “Scale, speed and economy of use are the name of the game for output.”

Additional automation aptitudes include environmental, explorational and emergency-response scenarios.  

Galileo’s goal is to provide an analytics service, delivering direct, actionable analytics products to, customers, but the core technology may be made available for licensing use.

Based on 20 years of experience in global-air operations – encompassing hyperspectral, LIDAR, thermal and high-resolution imaging data services, as well as data fusion, machine learning techniques and advanced analytics – Galileo’s focus will be on making use of calibrated data to deliver processed maps or analysis-processed results for direct use in client decision making.

That data collection engine, Barnes explained, will produce various, automated output layers based on myriad algorithmic models developed by Galileo’s scientists and researchers. Some of those approaches will make use of emerging artificial intelligence (AI) tools.  Those models can be adapted and tailored per specific customer requirements, providing them with a unique competitive advantage.  

“We are applying our real-world understanding of target exploitation to providing even faster, more on-demand delivery to new satellite imaging data customers,” Barnes noted.  “Automation capabilities will be continuously updated based on market needs.”  

The unique part of Galileo’s approach is the fact the algorithmic processing and informatics both are embedded in the delivery process, so the customer is receiving not just images or simple maps, but useful thematic, and informatics data layers, specifically addressing their needs, according to company officials intimately involved with the process.  

The point is to make advanced, remote-sensing data available to users who may not have had the experience or current capabilities of handling that level of analysis themselves, a company spokesman explained.

“As a result, Galileo’s clientele can use that information to sharpen their decision-making abilities for cost-effective goals,” Dr. Zhihong Pan, Galileo’s director of research, said. “The range of applications is endless, including crop identification and classification, plant-performance monitoring and yield predictions. Additionally, our technology can perform land-cover mapping and track deforestation or illegal logging, among many other things, with unprecedented temporal resolution and global coverage.” 

Galileo has the personnel, airborne-sensor and field equipment inventory to carry out such projects for their customers for supplemental aircraft-based scenarios where additional information may be needed.

“Where necessary, we can augment satellite data using our aircraft sensor systems or ground truthing resources to provide even more detail for the customer,” Barnes concluded. “We see it as a service-provider continuum of sensor-based data and informatics possibilities.”

About Galileo Group

Galileo Group, Inc. is an advanced-technology company specializing in applied-hyperspectral imaging. The technology was initially developed for US government applications, such as detecting various ground combat targets through aerial reconnaissance. Galileo is focused on expanding its products and services using its proven hyperspectral-imaging technology. The company has transitioned its imaging technology from government to commercial applications over the course of 19 years of continuous business operations.

This turnkey-detection capability includes the digital extraction and analysis of spectral signatures, or “natural” bar codes, for applications in environmental, mineral, oil and/or gas exploration, and emerging biotechnology markets. Galileo also performs airborne-LIDAR and multispectral data-fusion services on a global-deployment basis.

In addition to its commercial work, the company regularly donates select hyperspectral data sets to scientific research and educational institutions committed to environmental and climate-change studies.

For more information, please click here.

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SOURCE Galileo Group, Inc.

Eka Proprietary Research Finds that 80 Percent of Companies Struggle Creating and Updating Analytics Models

NORWALK, Conn., July 26, 2017 /PRNewswire-iReach/ — Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today released the results of a new survey that found that 80 percent of companies currently using analytics struggle creating and updating their analytics models. Existing solutions do not have the intelligence engine necessary to analyze the data.

Eka surveyed 130 executives from agriculture, chemical, energy, metals, and consumer products companies and asked what their top analytics issues were. 80 percent of respondents cited creating and updating models to solve key business challenges as top issues. 84 percent of companies still use manual processes to integrate data from different systems throughout the value chain, and once they have the data they struggle to analyze it. What these executives need is a BI solution that can collect and blend data with a commodity-specific intelligence engine to transform the data into valuable, actionable insight.

Eka Analytics adoption has increased significantly this year as companies recognize the need for a commodity-specific intelligence engine to turn volumes of data into useful information,” said Michael Schwartz, CMO of Eka Software. “The volume, variety, and velocity of information available is growing exponentially, but data loses its value if it takes days or weeks to collect data or build models to analyze it. Eka Analytics turns data into insight in seconds, enabling smart businesses to make better decisions faster.”

Eka Analytics’ intelligence engine uses artificial intelligence and machine learning to analyze massive amounts of data in seconds. The system automatically aggregates data from internal sources – CTRM, ETRM, ERP, CRM, treasury, IoT sensors, and spreadsheets – as well as external sources including weather data and market feeds. With Eka Analytics, companies gain answers to their most important questions in real time, not days or weeks later, enabling faster responses to market shifts.

About Eka Software Solutions

Eka is the global leader in providing Smart Commodity Management software solutions. Eka’s analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets.

The company’s best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.

Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.

Media Contact: mary defilippe, Eka Software, 2035691043, mary.defilippe@ekaplus.com

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SOURCE Eka

Seven Stars Cloud Group, Inc. Announces Strategic Framework Agreement with International Business Settlement Holdings Ltd.

NEW YORK, July 26, 2017 /PRNewswire/ — Seven Stars Cloud Group, Inc. (NASDAQ: SSC) (“SSC” or the “Company”), announced today the signing of a strategic cooperation agreement (“Cooperation Agreement”) with International Business Settlement Holdings Limited (HKSE: 00147.HK) under SSC’s Transactional Finance Product Cloud.

According to the Cooperation Agreement, IBS (a publicly traded financial technology company) and SSC will partner on several initiatives related to global cross-border settlement and other financial related services using resources and technology from both companies. 

The partnership between IBS and SSC will promote the application of private cloud technology and blockchain technology by docking the system with central bank’s RTGS (Real-Time Gross Settlement), specifically central bank’s whose countries are part of the Belt & Road initiative (a development strategy proposed by Chinese President Xi that focuses on connectivity and cooperation between Eurasian countries and encompassing around 60 countries thus far).

About Seven Stars Cloud Group, Inc.
(http://corporate.sevenstarscloud.com)

Seven Stars Cloud Group, Inc. (NASDAQ: SSC) is aiming to be a leading Intelligent Industrial Internet company with solutions designed to provide operational efficiencies in today’s constantly evolving business landscape. With a focus on ‘BASE’ technology and infrastructure (Blockchain, Artificial Intelligence, Supply Chain & Exchanges) to power our V PaaS (Virtual Platform as a Service), SSC is creating a closed trade ecosystem for buyers and sellers designed to eliminate supply chain and transactional middlemen and create a more direct and margin-expanding trading path for principals.  SSC is applying BASE + V PaaS to focus on 3 Core Cloud Areas: I. Intellectual Property Cloud; II. Product Sales Cloud; III. Financial Services Cloud. With the three clouds functioning both independently and interdependently, SSC is creating a vertical, transactional and flexible platform for today’s global enterprises.

Safe Harbor Statement

This press release contains certain statements that may include “forward looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You 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 (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.

CONTACT:
Jason Finkelstein                               
Seven Stars Cloud Group, Inc.                                
212-206-1216                                            

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SOURCE Seven Stars Cloud Group, Inc.

Agilisium Names New Chief Technical Officer

LOS ANGELES, July 25, 2017 /PRNewswire/ — Leading Digital Systems Integrator Agilisium announced the joining of Mike Limcaco as the company’s new Chief Technical Officer (CTO). In this role, Mike will be responsible for envisioning growth in cloud and data engineering services, consulting leadership and execution.

Welcoming Mike onboard, Raj Babu, CEO of Agilisium said, “Mike is a visionary and brings along rich experience in product architecture, integration, and strategy specializing in Hadoop, Data Lake, and predictive analytics. We are very excited to have him join us!”

Mike joins us from Amazon, where he led Solutions Architecture for Amazon Web Services (AWS) for the Enterprises, overseeing technology teams across Los Angeles, Irvine, Denver, and Phoenix. As principal solutions architect and senior technologist, Mike specializes in advising F500 enterprises, marquee Internet firms, start-ups and other key customers (including internal Amazon engineering and product teams) on technology strategies and architecture best practices across the media, search and big data analytics space.

He specializes in cloud-based MPP warehousing, data engineering, batch and streaming analytics, machine learning and artificial intelligence (AI), utilizing proven tools and techniques such as Redshift, EC2, S3, Hadoop/EMR, NoSQL, Athena & AML. Mike is a published engineer (SMPTE, SPIE) and has been a featured speaker at a range of events from Amazon’s annual Developer Symposium re:Invent, Gartner Business Process Management Conference to UCLA’s Anderson School of Management.

Prior to Amazon, Mike provided large-scale systems design and advanced analytics expertise for the Defense Intelligence community. In particular, Mike served as a Chief Engineer for Aerospace and Defense Firm General Dynamics (GD)’s Advanced Information Systems’ Intel security business. In his role, Mike led predictive analytics, cloud computing, data center virtualization and secure Rich Internet Application architecture efforts for major clients worldwide (US, Japan, UK).  Mike has also held various roles in other industries, from software engineering (Verizon GTE, IBM) to systems and management consulting (Ernst & Young, Deloitte Consulting). 

Here is Mike’s own words about joining the Agilisium team: “I’m thrilled to be joining the Agilisium cloud consulting and engineering team.  Given the team’s record to date, I’m excited by the overall value and innovation we’ll be able to bring to customers in the big data and advanced analytics space. I look forward to working with our clients on imagining what’s ‘after next!'”

About Agilisium
Agilisium consulting is a digital system integrator in data, analytics and insights with global delivery capabilities. Our key focus is on delivering incremental business insights through Big Data, Analytics, and Insights solutions over cloud platforms while achieving 30% TCO reduction. We kickoff engagements within a week’s notice and reduce time to market by 25%, thanks to our standby cloud specialists and home-grown accelerators. Our unique digital solutioning approach incorporates agility and flexibility to adapt with the rapidly changing business climate of digital businesses and achieve ROI within 12 to 18 months. Visit www.agilisium.com to know in detail about our service offerings.

Contact:
Rajaram R
169345@email4pr.com 
(323)-454-0325

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SOURCE Agilisium Consulting

Nexar Announces First Driving Safety Android Application Based on Qualcomm Technologies’ New Snapdragon Neural Processing Engine SDK

TEL AVIV, Israel, July 25, 2017 /PRNewswire/ —

Today Nexar, provider of a free safety AI dashcam app and the world’s first vehicle-to-vehicle (V2V) communication network, is announcing the first driving safety application leveraging the Qualcomm® Snapdragon™ Neural Processing Engine (NPE) SDK. The Nexar app will now be able to provide advanced driver-assistance systems (ADAS), including unprecedented real-time forward-collision warnings and other life-saving features, to hundreds of millions of vehicles whose drivers own Android phones or have Android-based in-vehicle systems.

Until now, Android devices were incapable of running AI processes internally, efficiently, and in real-time, making them unsuitable for driver assistance. Thanks to the Snapdragon NPE SDK, Nexar now can efficiently run its AI processes directly on users’ endpoint devices, which are powered by premium tier Snapdragon Mobile Platforms, and analyze a driving scenario 15 times per second. This allows Nexar to bring the company’s full range of safety services, that have already helped lead to a 24% reduction in car collisions within its network, to all drivers.

The Snapdragon NPE SDK is designed to allow deep learning and AI to be executed directly on the CPU, GPU and DSP of Snapdragon 800 and 600 tier Android mobile devices, instead of on the cloud, bringing the revolution of AI to edge devices, and providing a wealth of new opportunities for software developers in the automotive space.

“The Snapdragon NPE SDK unlocks critical computing power with exceptional battery efficiency, opening the door to mission-critical AI automotive applications on the Snapdragon mobile platform,” said Bruno Fernandez-Ruiz, Co-Founder and CTO of Nexar. “With this newfound ability to run AI efficiently on Android phones, we are one step closer to making safety a commodity available in all cars, both old and new, and ridding the world of car collisions.”

“The Snapdragon NPE SDK is designed to support a broad range of high-performance AI-based applications to run efficiently on mobile and edge devices powered by Snapdragon,” said Gary Brotman, Director of Product Management, Qualcomm Technologies, Inc. “Nexar’s application of our technology to provide road safety functionalities is a great example of how developers can easily integrate AI into their mobile products to tackle real-world problems at scale.”

About Nexar 

Nexar connects cars in the world’s largest open vehicle-to-vehicle network. Leveraging connected smartphones and car cameras and sensors, Nexar provides real-time alerts to prevent vehicle, cyclist and pedestrian collisions. Leveraging millions of car-sourced road miles jointed with sensor-fusion, deep-learning, map-layering and artificial intelligence driving-cognition technologies Nexar provides a series of data products and services for the Automotive, Insurance and Mapping industries.  

Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries.

Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc.

Contact
Leora Katz
Leora@headline-media.com
+1-917-724-2650

SOURCE Nexar

Avigilon Advanced Self-Learning Video Analytics Selected to Protect Schools District Wide in Metro Atlanta, Georgia

~Over 100 schools in Fulton County School System will install an Avigilon surveillance system with Avigilon Appearance Search technology to enhance student safety~

VANCOUVER, CANADA, July 25, 2017 /PRNewswire/ – Avigilon Corporation ("Avigilon") (TSX: AVO), provider of trusted security solutions, today announced it has been selected by Fulton County School System ("Fulton"), in Atlanta, Georgia, United States, to enhance safety for over 100 schools.

Figure 1. Fulton County Schools install Avigilon security solutions, including Appearance Search technology. (CNW Group/Avigilon Corporation)

Fulton is the fourth largest school district in Georgia. Its mission is to provide a safe and secure environment for its over 96,000 students and more than 12,000 full-time employees. To help enhance safety, Fulton has installed a full Avigilon surveillance solution that includes Avigilon cameras with self-learning video analytics, Avigilon network video recorders, and Avigilon Control Center (ACC) video management software with Avigilon Appearance Search technology. Fulton is also deploying Avigilon Access Control Manager to secure physical access points, providing an integrated security solution for the district.

Avigilon Appearance Search video analytics technology uses a sophisticated deep learning artificial intelligence (AI) search engine to sort through hours of footage with ease. This technology allows Fulton's operators to click on a button and search for all instances of a person or vehicle across all cameras on a site, quickly and efficiently. This can save Fulton time and effort during critical investigations as Avigilon Appearance Search technology intelligently analyzes video data, helping to track a person's or vehicle's route and identify previous and last-known locations.

"At Fulton County Schools the safety of our staff and students is paramount," said Paul Hildreth, Emergency Operations, Safety and Security for Fulton. "We chose Avigilon because of the capabilities it offers in its advanced video analytics search technologies, including Avigilon Appearance Search. Their analytics are easy to set up and use, and can save us valuable time and effort, ultimately making our schools a safer place for generations to come."

"We designed our artificial intelligence-driven Avigilon Appearance Search technology to change the way people interact with their video surveillance systems," said James Henderson, Avigilon's Chief Operating Officer. "The Avigilon solution at Fulton County Schools is a great example of how our technology can provide quick and powerful insights to help keep schools safe."

To learn more about Avigilon's solutions in educational facilities, please visit the following link: http://avigilon.com/case-studies/#education.

For more information on product availability, please contact: http://avigilon.com/contact-sales.

About Avigilon
Avigilon Corporation provides trusted security solutions to the global market. Avigilon designs, develops, and manufactures video analytics, network video management software and hardware, surveillance cameras, and access control solutions. To learn more about Avigilon, visit avigilon.com.

About Fulton County School System
The Fulton County School System is the fourth largest school system in Georgia. Approximately 96,500 students attend 105 schools in the cities of Alpharetta, Chattahoochee Hills, College Park, East Point, Fairburn, Hapeville, Johns Creek, Milton, Mountain Park, Palmetto, Roswell, Sandy Springs, South Fulton and Union City.

© 2017, Avigilon Corporation. All rights reserved. AVIGILON, the AVIGILON logo, AVIGILON APPEARANCE SEARCH, AVIGILON CONTROL CENTER, ACC, ACCESS CONTROL MANAGER, and TRUSTED SECURITY SOLUTIONS are trademarks of Avigilon Corporation. Other names or logos mentioned herein may be the trademarks of their respective owners.

For further information: 

Investor Enquiries:
 
Avigilon Investor Relations 
T: (604) 629-5182 
investors@avigilon.com

Media Enquiries: 
Amy Day
Manager, Global Communications
T: (604) 629-5182 x2625
media@avigilon.com

Forward-Looking Statements 
Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting Fulton's deployment of Avigilon security solutions and the continued functionality and suitability of Avigilon's products.

Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances, including, without limitation, assumptions that Avigilon's products will function as intended, will be free of unexpected defects, and will continue to suit Fulton's security needs.

Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Avigilon's business, as more particularly described in the "Risk Factors" section of Avigilon's Annual Information Form dated February 28, 2017, which is available under Avigilon's profile on SEDAR at www.sedar.com. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to, unforeseen events, developments or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. Although Avigilon has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Avigilon. Accordingly, readers should not place undue reliance on forward-looking statements.

Avigilon undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.

SOURCE Avigilon Corporation