Wednesday, December 11, 2024

AlexJet Unveils New Global Brand Identity & Upgrades Fleet

 

DUBAI, United Arab Emirates, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Falcon is pleased to announce the transition of AlexJet to ‘one brand, one platform’ model and changing its name to Falcon Luxe.

The new brand inherits the DNA of AlexJet while integrating seamlessly into the Falcon private aviation suite of brands, which also include:

  • Falcon Elite – a global private terminals (FBO) brand
  • Falcon Flight Support – a global brand offering flight support services
  • Falcon Technic – a suite of world-class MRO services

Can Şaşmaz, Chief Executive Officer at Falcon, commented: “With more global travellers choosing to fly private, I am confident in the continued success and expansion of Falcon Luxe. With strong demand in the Middle East, Europe and other key markets, we look forward to offering our loyal clients the finest in-flight experience along with the best value. Our commitment to the brand is reflected in continuous investment in talent, technology, and infrastructure to provide a suite of highly personalised services.”

Falcon Luxe operates a diversified modern private jet fleet comprising 10 aircraft. The investment and expansion of the Falcon Luxe fleet has been critical in meeting demand.

In late 2024, new aircraft will join the Falcon Luxe fleet, including the long-range Bombardier Global Express 6500 in an ultra-premium configuration, in line with the further expansion of the fleet. The new aircraft will allow offering non-stop flights of up to 12,000km connecting most of the global city pairs.

Falcon Luxe will also unveil a new premium cabin design, a bet to attract high-spending travelers to flights that can top 14 hours. The new concept is aimed at setting new industry standards on the world’s longest routes. Designed with discerning travellers in mind, the new cabins promise luxury with enhanced space and comfort, allowing passengers to relax or work effortlessly on board.

When flying Falcon Luxe, every itinerary is meticulously crafted to ensure the highest levels of safety, security, and wellbeing for all passengers. Discover more about the Falcon universe at flyfalcon.com.

About Falcon

Falcon is a premier aviation service provider, dedicated to delivering unparalleled luxury, safety, and convenience across all facets of private aviation. It comprises four brands: Falcon Luxe is a fleet of modern private jets available for global charter; Falcon Elite is an international network of luxurious private terminals (FBOs), Falcon Technic offers a full suite of MRO services; Falcon Flight Support ensures that every flight is seamless. From intuitive technology to discreet, anticipatory service, we obsess over the details, so you don't have to. Discover more at flyfalcon.com, Instagram and LinkedIn.

Media Inquiries

Oleg Kafarov
Group Director – Brand Marketing
Alex Investment Group
1001, Marina Plaza, Al Marsa Street, Dubai, UAE
Telephone: +971 4 324 6592
alexinvestmentgroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ea0653cf-500e-474c-84d8-66c8d2ab5aa6


Copyright © 2024 GlobeNewswire, Inc.

ExaGrid Wins “Storage Company of the Year” for 5th Consecutive Year at the SDC Awards 2024


 MARLBOROUGH, Mass. 

ExaGrid’s Two Wins at SDC Awards Add to Growing List of Industry Awards for Tiered Backup Storage


(BUSINESS WIRE)--ExaGrid®, the industry’s only Tiered Backup Storage solution with Retention Time-Lock that includes a non-network-facing tier (creating a tiered air gap), delayed deletes and immutability for ransomware recovery, today announced that the company was honored with two industry awards during the 15th annual SDC Awards, held in London on November 28, 2024.


ExaGrid was named Storage Company of the Year for the fifth consecutive year, and its line of Tiered Backup Storage appliances were recognized as the Storage Hardware Innovation of the Year. This year’s awards mark the ninth year of wins for ExaGrid at the SDC Awards (known previously as the SVC Awards).


Winners were determined by public vote. The SDC Awards 2024 recognize the innovation, expertise, and success of the IT industry across a range of key disciplines, including awards for data protection and resilience within the storage and cybersecurity sectors.


ExaGrid continues to innovate its Tiered Backup Storage, and announced its largest single scale-out system in January 2024, which allows for a full backup of 6PB, the largest in the industry with deduplication, and in a 2U form factor for better rack space efficiency, as well as new integrations with the leading backup applications.


ExaGrid continues to gain recognition for its Tiered Backup Storage, winning eight industry awards in 2024, including:


Data Breakthrough Awards – Data Backup Solution of the Year

Network Computing Awards – Company of the Year

Network Computing Awards – Hardware Product of the Year

Network Computing Awards – Return on Investment Award

Storage Awards – Enterprise Backup Hardware Vendor of the Year

Storage Awards – Storage Solution of the Year - Corporate

SDC Awards – Storage Hardware Innovation of the Year

SDC Awards – Storage Company of the Year

“We are honored for the continued recognition we have received for our Tiered Backup Storage. ExaGrid is committed to innovating our product to offer a backup storage solution that solves all of the challenges that organizations face with their backups and to offer the most comprehensive security and ransomware recovery of any backup storage system in the industry,” said Bill Andrews, President and CEO of ExaGrid. “Congratulations to our fellow award winners, and many thanks to the SDC Awards team, and especially to everyone who voted for us.”


About ExaGrid


ExaGrid provides Tiered Backup Storage with a unique disk-cache Landing Zone, long-term retention repository, scale-out architecture, and comprehensive security features. ExaGrid’s Landing Zone provides for the fastest backups, restores, and instant VM recoveries. The Repository Tier offers the lowest cost for long-term retention. ExaGrid’s scale-out architecture includes full appliances and ensures a fixed-length backup window as data grows, eliminating expensive forklift upgrades and planned product obsolescence. ExaGrid offers the only two-tiered backup storage approach with a non-network-facing tier (tiered air gap), delayed deletes, and immutable objects to recover from ransomware attacks.


ExaGrid has physical sales and pre-sales systems engineers in the following countries: Argentina, Australia, Benelux, Brazil, Canada, Chile, CIS, Colombia, Czech Republic, France, Germany, Hong Kong, India, Israel, Italy, Japan, Mexico, Nordics, Poland, Portugal, Qatar, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Turkey, United Arab Emirates, United Kingdom, United States, and other regions.


Visit us at exagrid.com or connect with us on LinkedIn. See what our customers have to say about their own ExaGrid experiences and learn why they now spend significantly less time on backup storage in our customer success stories. ExaGrid is proud of our +81 NPS score!


ExaGrid is a registered trademark of ExaGrid Systems, Inc. All other trademarks are the property of their respective holders.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241210882769/en/



Permalink

https://www.aetoswire.com/en/news/10122024434822


Contacts

Media:

Mary Domenichelli

ExaGrid

mdomenichelli@exagrid.com

Tuesday, December 10, 2024

Muscat Flower Festival: Oman’s First-Ever Floral Event to Bloom at the Muscat Nights Festival

 Muscat, Oman - Tuesday, 10. December 2024


Oman’s first-ever Muscat Flower Festival is set to debut as part of the Muscat Nights Festival, transforming Qurum Natural Park into an impressive floral spectacle. This festival celebrates the beauty of nature, arts and diverse environments.


Organized by Muscat Municipality, this inaugural event is slated to be held from December 23, 2024, to January 21, 2025. It promises to be a captivating celebration of nature’s beauty, featuring world-class floral displays from international floral designers and spotlighting Omani talents.


The festival will showcase the artistry of internationally renowned floral designers from Belgium, France, Netherlands, Spain, USA, alongside Oman's own celebrated floral artist, Madhvi Ramesh Khimji and her group of local designers. It is worth noting that the Sultanate of Oman is the first country in GCC to be a member of the World Association of Floral Artists (WAFA).


One of the key highlights of the festival experience includes a Grand Floral Centrepiece, Roots of Wonders, Canopies of Dreams, measuring 9m in height on the highest point of the display, this stunning piece of art will surely captivate all festival goers. Witness the unique and beautifully designed Show Gardens specially created by an international team from Singapore, Thailand, China and USA.


Families can also explore a variety of hands-on activities that combine art, nature, and creativity. From crafting floral bracelets and crowns to painting flowerpots and sculpting clay animals and objects. The young and young at heart can unleash their creativity and connect with nature. It promises to be an adventure for all ages, incorporating interactive experiences that ignite curiosity, foster a love for nature, and create lasting memories.


The festival will also host a bustling marketplace, featuring local vendors, where visitors can purchase fresh flowers, handmade crafts, and floral-inspired food and beverages.


Hanan bint Abdullah Al Shuraiqi, Technical Supervisor of the Muscat Flower Festival at Muscat Municipality, commented, “This event is designed to showcase a fusion of global floral artistry and local cultural characters; it will provide an immersive cultural experience for visitors of all ages. We look forward to welcoming guests from around the country and the region to celebrate creativity, nature, and Oman’s rich heritage in a vibrant, world-class event.”


The Muscat Flower Festival is part of the larger Muscat Nights Festival organised by Muscat Municipality, which runs across multiple venues in Muscat from December 23, 2024, to January 21, 2025. This collaboration elevates Muscat’s winter calendar and entertainment in Muscat, offering visitors a unique blend of cultural and artistic experiences.


For more details, follow the Muscat Flower Festival on Social Media

Instagram | Facebook | YouTube: @muscatflowerfestival

Website: www.muscatflowerfestival.com



Permalink

https://www.aetoswire.com/en/news/1012202443478


Contacts

Akshara Suresh


Watermelon Communications


Dubai, U.A.E.


+971 4 283 3655


Email: akshara@watermelonme.com

Material Receives Splash Award for Outstanding Drupal Website


 LOS ANGELES - 

– Exceptional client work with INSEAD demonstrates noteworthy innovation and impact in digital engagement solutions –


 


(BUSINESS WIRE)--Material, a leading insights, marketing and technology company, is pleased to announce it is the recipient of the Splash Award in the “Education” category for work with INSEAD – The Business School for the World® and runner-up in the “Corporate” category for work with Stuff Limited. The first-ever DrupalCon Singapore Splash Awards celebrate outstanding websites and digital experiences built with Drupal, highlighting the creativity, technical excellence and innovative solutions agencies and developers bring to diverse industries and challenges.


For the award-winning “Education” work, Material partnered with INSEAD to enhance the school’s overall digital presence, improve engagement and strengthen brand identity, aligning technology with business strategy to drive growth and success. Leveraging the latest Drupal technology, Material helped INSEAD increase conversion and retention rates, streamline user journeys and improve site usability.


“Receiving the Splash Awards showcases Material’s dedication to leveraging cutting-edge technology and delivering an integrated approach with scalable, impactful solutions,” said Anutosh Yadav, Material senior vice president and chief technology officer for marketing services and experience technology. “We are proud of this recognition and the great partnership we’ve created with our clients as we stay committed to creating best-in-class personalized digital experiences to drive business growth for our clients.”


“We are pleased to see our collaboration with Material recognized,” said Dov Campbell, INSEAD director of digital communications. “At INSEAD, we are committed to creating a seamless and engaging digital experience for our global community of faculty, students, alumni and partners. By leveraging advanced technology, we continue to set new standards in delivering impactful educational offerings.”


This is the second year in a row Material has won an award for work with INSEAD. In 2023, Material received an Acquia Engage Award in the “Most Impactful Tech Stack Integration” category for INSEAD's digital experience. In 2024, Material was also named a finalist in the CX Asia Excellence Awards for its customer experience technology work with INSEAD.


Named runner-up in the Splash Award’s “Corporate” category, Material collaborated with Stuff Limited to deliver a modernized, multi-tenant system capable of handling up to 200 million requests per day, streamlining operations and reducing costs to boost efficiency and scalability. By utilizing Drupal, Material helped Stuff Limited achieve a 30 percent reduction in cloud and operations cost.


About Material


Material is a global strategy partner that combines deep human insights with modern technology that speeds engagement and growth for the world’s most recognizable brands and innovative companies. We design + build customer-centric business models and experiences to transform relationships between businesses and the people they serve. Learn more at www.materialplus.io.


About DrupalCon


DrupalCon is the premier event for the Drupal community, bringing together developers, designers, project managers and business leaders from around the globe. Hosted by the Drupal Association, the conference provides an opportunity to collaborate, innovate and explore the latest advancements in web development and digital experience. Featuring keynote speakers, hands-on sessions, the Splash Awards ceremony and networking events, DrupalCon serves as a hub for sharing knowledge and building connections that drive the Drupal platform forward.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241209534771/en/



Permalink

https://www.aetoswire.com/en/news/10122024434644


Contacts

Media Contact

Casey Colesworthy, Material

casey.colesworthy@materialplus.io

208.720.0862

Footballco Opens Middle East HQ in Riyadh

 Dubai, United Arab Emirates - Tuesday, 10. December 2024



Global football content and media company, Footballco, has announced the opening of a new regional HQ in Riyadh, Saudi Arabia, aimed at serving fans, brands and rights holders across the Middle East and North Africa.


As the exclusive media sales representative for Footballco in the MENA region, DMS is proud to support Footballco’s overall expansion in the region, especially the global football content and media company’s new regional HQ in Riyadh, Saudi Arabia, which is aligned with its broader strategic objectives.


Footballco will retain its previous MENA HQ, located in Dubai, but will now build out a full-service offering from Riyadh, including local creative and client services teams.


Footballco is majority-owned by Integrated Media Company (IMC), an affiliate of US private equity giant TPG and is the publisher behind several football media brands that serve the region, including GOAL, KOOORA, and an Arabic edition of its women’s football brand, INDIVISA.


Andy Jackson, recently appointed as Footballco’s SVP for the Middle East, is leading the company’s growth in the Middle East. Jackson said: “The Middle East is seeing a surge of interest in its football, both domestically and globally”.


“By locating our new regional office in Riyadh, we’re positioning Footballco at the centre of this growth and ensuring we can better understand the growing fandom in the region and serve the brands and rights holders helping to drive this growth.”


Footballco already counts several domestic brands and rights holders across the Middle East as clients, and it is working with global brands to help them activate in the region.


While Jackson is relocating to run the company’s Riyadh office, Footballco aims to focus its recruitment on local talent. Recently, this has included the hiring of creative director Amjad Murad, who has joined Footballco from the Jeddah-based agency Social Clinic.


Footballco reaches an audience of 192 million fans across the MENA region, including over half of the adult population of Saudi Arabia each month, through GOAL, KOOORA and brands focused on specific audience segments.


Jackson said: “While GOAL and KOOORA are our largest brands by scale, we recognise that the fan groups in the Middle East, especially Saudi Arabia, engage with football in different ways to each other.


“For this, we operate a number of brands that resonate with these fan groups. These include the social video brands Yalla GOAL & the recently launched Yalla Girl, which appeal to Gen-Z fans looking for fun and personality in their football content.


“Fans in the Kingdom are younger than other markets we operate in, reflecting the younger skew of the country's population, and they’re the only group surveyed globally by Footballco where gaming is the most common route into the sport. They’re the most likely to get their football news from social media. Young fans in the Kingdom are also significantly more interested in players over clubs - which is why we believe our editorial ethos of bringing fans closer to the players they love makes them choose our brands over others.”


Footballco also serves fans of women’s football in the Kingdom, reaching four million Saudi women each month [data from GWI].


Jackson says, “As well as covering the growing women’s game in the region through GOAL and KOOORA, we operate two social-first brands geared towards how young women want to consume football content. These include Yalla GIRL, which takes the same personality driven and fun-first approach to football content to football as YALLA GOAL, and INDIVISA.


INDIVISA’s approach is to support the rise of women’s football through the championing of grassroots football and providing a home to the growing women’s football community.”


Footballco’s Riyadh office will be supported by its global teams with the aim of raising the local headcount to 20 by the end of 2025.


About DMS


DMS is at the forefront of innovative communication strategies, powering brands in the MENA region and globally. With data-driven solutions and partnerships with 25+ Arabic and international websites, including Footballco, Pinterest, Anghami, Dailymotion, Viu, Sabq and many more, DMS reaches over 100 million unique browsers, setting new industry standards.


About Footballco


Footballco, the world’s leading football content and media business, operates five publishers Voetbalzone, Calciomercato, Kooora Spox, and GOAL — the world’s largest football publisher — as well as community brands Mundial, INDIVISA, and web-video player FC player. Through this portfolio, Footballco reaches more than 640m football fans a month publishing across web, apps, email, social media, podcasts, video, and more. Footballco is majority-owned by Integrated Media Company (IMC), an affiliate of US private equity giant TPG. DAZN Group retains a minority stake.



Permalink

https://www.aetoswire.com/en/news/dms10122024en


Contacts

Choueiri Group


Assad Jamil


Tel: +971 4 4545454


Email: ajamil.mr@choueirigroup.com

Ninjacart Startup Program Launches to Empower FoodTech and AgTech Startups in Accelerating Growth


 BANGALORE, India 

(BUSINESS WIRE) -- Ninjacart, India’s leading agri-tech startup has announced the launch of its Ninjacart Startup Program. This agri-tech-focused startup program aims to accelerate the growth of early-stage FoodTech and AgTech startups by providing access to cutting-edge technology, venture capital partners, financial backing, and expert business advisory.


With nearly a decade of experience in transforming agricultural ecosystems, Ninjacart has collaborated with global agri-tech innovators to optimize supply chains and address distribution challenges. The Ninjacart Startup Program leverages this expertise to help startups scale faster, drive change, and lead the future of food distribution.


The Ninjacart Startup Program offers four key benefits to participants:


Access to Ninjacart’s Advanced Technology: Ninjacart’s industry-leading, cutting edge technology offers startups access to a focused suite of supply chain management proprietary tools to drive growth or enhance operational efficiency. Growth tools include demand forecasting, sales management, pricing intelligence, campaign management, and customer app. Operational tools include procurement, inventory management, workforce management, logistics, and catalog management.


Pitch to VC Partners: Startups will have the chance to present to top VC partners such as Syngenta Group Ventures and Base Capital on Demo Day, scheduled for February 2025.


Financial Backing: Ninjacart offers credits up to $50,000 to offset platform and implementation fees during the first six months of participation.


Expert Business Advisory: Participants will gain access to Ninjacart’s domain expertise in building scalable supply chains for fresh produce, meat, and staples, offering tailored guidance to shorten their path to profitability.


The program is open to emerging startups founded in 2020 or later, with up to $1 million in funding, operating outside India. Eligible startups must be post-revenue and focused on innovating the food supply chain.


“At Ninjacart, we’ve always believed in the transformative power of technology to solve critical supply chain inefficiencies,” said Kartheeswaran KK, Co-Founder and CEO, Ninjacart. “The Ninjacart Startup Program is designed to empower innovators who are driving systemic change in food systems. By offering our expertise, technology, and network, we aim to help startups accelerate their startup journey and propel the collective transformation of the global agriculture ecosystem.”


Applications for the inaugural cohort of the Ninjacart Startup Program are now open. Startups eager to scale and transform food systems can visit https://ninjacart.com/ninjacart-startup-program/ or contact nsp@ninjacart.com to apply.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241207248527/en/



Permalink

https://www.aetoswire.com/en/news/0912202443454


Contacts

Media contact

Wanshan Kharwanlang, wanshan@ninjacart.com

BeiGene Advances Leadership in CLL at ASH 2024 with New Data From Its Hematology Franchise Including BRUKINSA® and Novel Pipeline Assets

 


5-year follow-up from SEQUOIA study demonstrated treatment with BRUKINSA reduced the risk of progression or death by 71% compared to bendamustine-rituximab in patients with treatment-naïve CLL, further solidifying its position as the leader in new patient starts in both frontline and relapsed/refractory (R/R) CLL with the broadest label of any BTK inhibitor


At a median follow-up of 1.5 years, promising data from the 320 mg expansion cohort of phase 1/1b study shows no progression in patients with treatment-naïve CLL treated with sonrotoclax, a next-generation BCL2 inhibitor, in combination with BRUKINSA highlighting the potential of this fixed-duration, oral-only combination as a best-in-disease option


Data for BTK degrader BGB-16673 from phase 1/2 study highlight its potential in both treatment-resistant CLL and other B-cell malignancies representing high unmet needs



(BUSINESS WIRE)--BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160; SSE: 688235), a global oncology company that plans to change its name to BeOne Medicines Ltd., today announced the presentation of new clinical data at the 66th American Society of Hematology (ASH) Annual Meeting and Exposition, underscoring its leadership in chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL) through continued clinical success with BRUKINSA® (zanubrutinib) and promising advancements in its pipeline assets.


“The breadth of data we’re presenting at ASH underscores BRUKINSA’s role as a best-in-class treatment for CLL and highlights BeiGene’s leadership in advancing the treatment landscape for B-cell malignancies,” said Mehrdad Mobasher, M.D., M.P.H., Chief Medical Officer, Hematology at BeiGene. “BRUKINSA shows tremendous promise for patients as a monotherapy and as a backbone for best-in-class combinations. The combination of BRUKINSA and our investigational BCL2 inhibitor, sonrotoclax, demonstrated significant potential as a first-line therapy in CLL, with a 99% overall response rate, best uMRD rate of 92%, and was generally well-tolerated at a median follow-up of 19.4 months; this combination is expected to offer better efficacy than a fixed-dose V-O regimen. Additionally, our investigational BTK degrader could become a first-in-class treatment option for patients with CLL and other BTK-driven B-cell malignancies based on the results of data presented at ASH. BeiGene is primed to shape the future of CLL treatment and aims to meet the needs of CLL patients globally.”


Long-term follow-up results from the ongoing Phase 3 SEQUOIA study presented during ASH, which were simultaneously published in the Journal of Clinical Oncology, reaffirm BRUKINSA’s durable efficacy and differentiated safety profile across diverse CLL patient populations, including those with high-risk features. Additional findings spotlight the promising potential of BeiGene’s BTK-targeted chimeric degradation activation compound (CDAC), BGB-16673, which has shown rapid and deep responses in B-cell malignancies in phase 1/2 clinical trials. BeiGene is also developing a next-generation BCL2 inhibitor, sonrotoclax, aiming to improve the safety profile and feasibility of use for this class of drugs and deliver deeper and more durable responses. Together, these advancements reflect BeiGene’s comprehensive approach to addressing the complexities of CLL and its commitment to reshaping the treatment landscape for B-cell malignancies.


With a median follow-up of 61.2 months, data from the SEQUOIA study of patients with treatment-naïve CLL/SLL demonstrated that treatment with BRUKINSA reduced the risk of progression or death by 71% (HR, 0.29; 95% CI, 0.21-0.40; P<.0001*) compared to bendamustine-rituximab (BR). At 54 months, 80.1% of patients who received BRUKINSA remained progression-free (95% CI, 74.3, 84.7) while only 44.6% of patients who received BR remained progression-free (95% CI, 37.6, 51.3). At 60 months, PFS rates were 75.8% (95% CI, 69.0, 81.3) and 40.1% (95% CI, 32.7, 47.3) for BRUKINSA and BR, respectively. Notably, for patients in the study with unmutated IGHV, a prognostic biomarker that indicates a patient’s CLL may be more aggressive, treatment with BRUKINSA reduced the risk of progression or death by 79% compared to BR (HR, 0.21; 95% CI, 0.14-0.33; P<.0001*). The safety profile of BRUKINSA was consistent with the results of prior studies, and no new safety signals were identified. Grade ≥3 treatment-emergent adverse events of interest (AEIs) with BRUKINSA and BR included infection (30.0% and 22.5%, respectively), neutropenia (12.5%; 51.1%), bleeding (7.5%; 1.8%), thrombocytopenia (2.5%; 8.4%), and anemia (0.8%; 2.6%). Rates of atrial fibrillation were 7.1% with BRUKINSA and 3.5% with BR. The rate of discontinuation due to AEs was 20% in the BRUKINSA arm; 13% of patients discontinued BR early due AEs.(Abstract 3249)


“The long-term follow-up of SEQUOIA confirms the sustained efficacy of zanubrutinib over chemotherapy, regardless of IGHV status, in patients with treatment-naïve CLL,” said Mazyar Shadman, M.D. M.P.H., Associate Professor and Innovators Network Endowed Chair, Medical Director, Cellular Immunotherapy and the Bezos Family Immunotherapy Clinic at Fred Hutch Cancer Center. He also holds the Innovators Network Endowed Chair at Fred Hutch and is Associate Professor at Fred Hutch and University of Washington. “Notably, there is a deepening of responses, with a complete remission/complete remission with incomplete count recovery rate in the range of 20%, which, based on cross-trial comparison is higher than a typical BTK inhibitor used as monotherapy. Additionally, the incidence of adverse events of interest, such as atrial fibrillation and hypertension, appears comparable to the background risk of this patient population.”


In addition to BRUKINSA, BeiGene is advancing a robust pipeline to address the needs of CLL patients, including:


  • Sonrotoclax (BCL2 Inhibitor): Presented data from the Phase 1/1b study (NCT04277637) demonstrated sonrotoclax, in combination with BRUKINSA, was generally well-tolerated and no cases of tumor lysis syndrome (TLS) were reported in patients with treatment-naïve CLL/SLL. Grade ≥3 treatment-emergent adverse events (TEAEs) occurred in 49.6% of patients, with the most common (≥20%) being neutropenia (24% in 160mg cohort; 23% in 320mg cohort). With a median follow-up of 19.4 months (0.4–33.3 months), the combination achieved a 99% overall response rate (ORR), including in patients with high-risk features (51% had unmutated IGHV, 20% had TP53 mutation, and 9% had del(17p)). High and early rates of undetectable minimal residual disease (uMRD) were seen by week 24 of combination therapy, with responses continuing to deepen with time through week 48. Best uMRD rate was achieved in 92% of patients (n=112). At a median follow-up of over a year and a half, no progression has been observed in the 320 mg dose cohort. These data support continued evaluation of this combination in the ongoing registrational Phase 3 fixed-duration CELESTIAL-TNCLL study (NCT06073821) (Abstract 1012)
  • BGB-16673 (BTK CDAC): Data from the Phase 1/2 CaDAnCe-101 CLL study (NCT05006716) demonstrated that treatment with BGB-16673 was generally well tolerated in this heavily pretreated population of patients. Promising antitumor activity was observed in patients with high-risk features, including in patients with BTK inhibitor-resistant mutations and those previously exposed to covalent BTK inhibitors, noncovalent BTK inhibitors, and BCL2 inhibitors. No atrial fibrillation was observed in either the CLL/SLL or WM cohorts.
  • From the cohort of CLL/SLL patients, BGB-16673 demonstrated an ORR of 94% at the 200mg dose. Furthermore, amongst all doses delivered, 2 patients achieved a complete remission/complete remission with incomplete count recovery (CR/CRi). Grade ≥3 TEAEs were reported in 57% of patients. The most common grade ≥3 TEAEs (≥10%) were neutropenia/neutrophil count decreased (20%) and pneumonia (10%). (Abstract 885)
  • From the cohort of Waldenström's macroglobulinemia patients, BGB-16673 demonstrated a 93% disease control rate (DCR) and 26% very good partial response (VGPR). Grade ≥3 TEAEs were reported in 45% of patients. The most common grade ≥3 TEAE (≥20%) was neutropenia/neutrophil count decreased. (Abstract 860)

For additional information about BeiGene’s presence at ASH 2024, please visit our meeting hub: congress.beigene.com.


The Company recently announced its intent to change its name to BeOne Medicines, reaffirming its commitment to develop innovative medicines to eliminate cancer by partnering with the global community to serve as many patients as possible.


*P-value was one-sided and descriptive.


About Chronic Lymphocytic Leukemia


Chronic lymphocytic leukemia (CLL) is a life-threatening cancer of adults. It is a type of mature B-cell malignancy in which abnormal leukemic B lymphocytes (a type of white blood cells) arise from the bone marrow and flood peripheral blood, bone marrow, and lymphoid tissues.1,2 CLL is the most common type of leukemia in adults, accounting for about one-third of new cases.2,3 Approximately 20,700 new cases of CLL will be diagnosed in the U.S. in 2024.3


About Sonrotoclax (BGB-11417)


Sonrotoclax is designed to block the B-cell lymphoma 2 (BCL2) protein, which helps cancer cells survive. It is part of a group of drugs called BH3 mimetics, which mimic natural cell death signals. Studies in the lab and during early drug development have shown that sonrotoclax is a potent and specific inhibitor of BCL2 with a short half-life and no accumulation. Sonrotoclax has shown promising clinical activity across a range of B-cell malignancies, and more than 1,300 patients have been enrolled to date across the global development program. The U.S. Food and Drug Administration (FDA) granted sonrotoclax Fast Track Designation for the treatment of patients with mantle cell lymphoma (MCL) and Waldenström macroglobulinemia (WM).


About BGB‑16673


BGB‑16673 is an orally available, brain-penetrating Bruton’s tyrosine kinase (BTK) targeting chimeric degradation activation compound (CDAC) designed to promote the degradation, or breakdown, of both wildtype and mutant forms of BTK, including those that commonly result in resistance to BTK inhibitors in patients who experience progressive disease. BGB-16673 is the most advanced BTK degrader in the clinic, with more than 350 patients treated to date across the global clinical development program. The U.S. Food and Drug Administration (FDA) granted Fast Track Designation to BGB-16673 for the treatment of adult patients with relapsed or refractory (R/R) chronic lymphocytic leukemia or small lymphocytic lymphoma (CLL/SLL) who have been previously treated with at least two prior lines of therapy, including BTK inhibitor (BTKi) and B-cell lymphoma 2 (BCL2) inhibitor, and adult patients with R/R mantle cell lymphoma (MCL).


About BRUKINSA® (zanubrutinib)


BRUKINSA is an orally available, small molecule inhibitor of Bruton’s tyrosine kinase (BTK) designed to deliver complete and sustained inhibition of the BTK protein by optimizing bioavailability, half-life, and selectivity. With differentiated pharmacokinetics compared with other approved BTK inhibitors, BRUKINSA has been demonstrated to inhibit the proliferation of malignant B cells within a number of disease-relevant tissues.


BRUKINSA has the broadest label globally of any BTK inhibitor and is the only BTK inhibitor to provide the flexibility of once or twice daily dosing. The global BRUKINSA clinical development program includes about 6,000 patients enrolled in 30 countries and regions across more than 35 trials. BRUKINSA is approved in more than 70 markets, and more than 100,000 patients have been treated globally.


U.S. Indications and Important Safety Information for BRUKINSA (zanubrutinib)


INDICATIONS


BRUKINSA is a kinase inhibitor indicated for the treatment of adult patients with:


  • Chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL).
  • Waldenström’s macroglobulinemia (WM).
  • Mantle cell lymphoma (MCL) who have received at least one prior therapy.
  • Relapsed or refractory marginal zone lymphoma (MZL) who have received at least one anti-CD20-based regimen.
  • Relapsed or refractory follicular lymphoma (FL), in combination with obinutuzumab, after two or more lines of systemic therapy.

The MCL, MZL and FL indications are approved under accelerated approval based on overall response rate and durability of response. Continued approval for these indications may be contingent upon verification and description of clinical benefit in confirmatory trials.


IMPORTANT SAFETY INFORMATION


Warnings and Precautions


Hemorrhage


Fatal and serious hemorrhage has occurred in patients with hematological malignancies treated with BRUKINSA. Grade 3 or higher hemorrhage including intracranial and gastrointestinal hemorrhage, hematuria, and hemothorax was reported in 3.8% of patients treated with BRUKINSA in clinical trials, with fatalities occurring in 0.2% of patients. Bleeding of any grade, excluding purpura and petechiae, occurred in 32% of patients.


Bleeding has occurred in patients with and without concomitant antiplatelet or anticoagulation therapy. Coadministration of BRUKINSA with antiplatelet or anticoagulant medications may further increase the risk of hemorrhage.


Monitor for signs and symptoms of bleeding. Discontinue BRUKINSA if intracranial hemorrhage of any grade occurs. Consider the benefit-risk of withholding BRUKINSA for 3-7 days before and after surgery depending upon the type of surgery and the risk of bleeding.


Infections


Fatal and serious infections (including bacterial, viral, or fungal infections) and opportunistic infections have occurred in patients with hematological malignancies treated with BRUKINSA. Grade 3 or higher infections occurred in 26% of patients, most commonly pneumonia (7.9%), with fatal infections occurring in 3.2% of patients. Infections due to hepatitis B virus (HBV) reactivation have occurred.


Consider prophylaxis for herpes simplex virus, pneumocystis jirovecii pneumonia, and other infections according to standard of care in patients who are at increased risk for infections. Monitor and evaluate patients for fever or other signs and symptoms of infection and treat appropriately.


Cytopenias


Grade 3 or 4 cytopenias, including neutropenia (21%), thrombocytopenia (8%) and anemia (8%) based on laboratory measurements, developed in patients treated with BRUKINSA. Grade 4 neutropenia occurred in 10% of patients, and Grade 4 thrombocytopenia occurred in 2.5% of patients.


Monitor complete blood counts regularly during treatment and interrupt treatment, reduce the dose, or discontinue treatment as warranted. Treat using growth factor or transfusions, as needed.


Second Primary Malignancies


Second primary malignancies, including non-skin carcinoma, have occurred in 14% of patients treated with BRUKINSA. The most frequent second primary malignancy was non-melanoma skin cancers (8%), followed by other solid tumors in 7% of the patients (including melanoma in 1% of patients) and hematologic malignancies (0.7%). Advise patients to use sun protection and monitor patients for the development of second primary malignancies.


Cardiac Arrhythmias


Serious cardiac arrhythmias have occurred in patients treated with BRUKINSA. Atrial fibrillation and atrial flutter were reported in 4.4% patients treated with BRUKINSA, including Grade 3 or higher cases in 1.9% of patients. Patients with cardiac risk factors, hypertension, and acute infections may be at increased risk. Grade 3 or higher ventricular arrhythmias were reported in 0.3% of patients.


Monitor for signs and symptoms of cardiac arrhythmias (e.g., palpitations, dizziness, syncope, dyspnea, chest discomfort), manage appropriately, and consider the risks and benefits of continued BRUKINSA treatment.


Hepatotoxicity, Including Drug-Induced Liver Injury


Hepatotoxicity, including severe, life-threatening, and potentially fatal cases of drug-induced liver injury (DILI), has occurred in patients treated with Bruton tyrosine kinase inhibitors, including BRUKINSA.


Evaluate bilirubin and transaminases at baseline and throughout treatment with BRUKINSA. For patients who develop abnormal liver tests after BRUKINSA, monitor more frequently for liver test abnormalities and clinical signs and symptoms of hepatic toxicity. If DILI is suspected, withhold BRUKINSA. Upon confirmation of DILI, discontinue BRUKINSA.


Embryo-Fetal Toxicity


Based on findings in animals, BRUKINSA can cause fetal harm when administered to a pregnant woman. Administration of zanubrutinib to pregnant rats during the period of organogenesis caused embryo-fetal toxicity, including malformations at exposures that were 5 times higher than those reported in patients at the recommended dose of 160 mg twice daily. Advise women to avoid becoming pregnant while taking BRUKINSA and for 1 week after the last dose. Advise men to avoid fathering a child during treatment and for 1 week after the last dose. If this drug is used during pregnancy, or if the patient becomes pregnant while taking this drug, the patient should be apprised of the potential hazard to a fetus.


Adverse Reactions


The most common adverse reactions (≥30%), including laboratory abnormalities, in patients who received BRUKINSA (N=1729) are decreased neutrophil count (51%), decreased platelet count (41%), upper respiratory tract infection (38%), hemorrhage (32%), and musculoskeletal pain (31%).


Drug Interactions


CYP3A Inhibitors: When BRUKINSA is co-administered with a strong CYP3A inhibitor, reduce BRUKINSA dose to 80 mg once daily. For coadministration with a moderate CYP3A inhibitor, reduce BRUKINSA dose to 80 mg twice daily.


CYP3A Inducers: Avoid coadministration with strong or moderate CYP3A inducers. Dose adjustment may be recommended with moderate CYP3A inducers.


Specific Populations


Hepatic Impairment: The recommended dose of BRUKINSA for patients with severe hepatic impairment is 80 mg orally twice daily.


Please see full U.S. Prescribing Information including U.S. Patient Information.


About BeiGene


BeiGene, which plans to change its name to BeOne Medicines, is a global oncology company that is discovering and developing innovative treatments that are more affordable and accessible to cancer patients worldwide. With a broad portfolio, we are expediting development of our diverse pipeline of novel therapeutics through our internal capabilities and collaborations. We are committed to radically improving access to medicines for far more patients who need them. Our growing global team of nearly 11,000 colleagues spans five continents. To learn more about BeiGene, please visit www.beigene.com and follow us on LinkedIn, X (formerly known as Twitter), Facebook and Instagram.


Forward-Looking Statements


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding BeiGene’s leadership in advancing the treatment landscape for B-cell malignancies and ability to shape the future of CLL treatment; the success of BeiGene’s BTK degrader in treating patients; BeiGene’s ability to meet the global needs of CLL patients; and BeiGene’s plans, commitments, aspirations, and goals under the heading “About BeiGene.” Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including BeiGene’s ability to demonstrate the efficacy and safety of its drug candidates; the clinical results for its drug candidates, which may not support further development or marketing approval; actions of regulatory agencies, which may affect the initiation, timing, and progress of clinical trials and marketing approval; BeiGene’s ability to achieve commercial success for its marketed medicines and drug candidates, if approved; BeiGene’s ability to obtain and maintain protection of intellectual property for its medicines and technology; BeiGene’s reliance on third parties to conduct drug development, manufacturing, commercialization, and other services; BeiGene’s limited experience in obtaining regulatory approvals and commercializing pharmaceutical products; BeiGene’s ability to obtain additional funding for operations and to complete the development of its drug candidates and achieve and maintain profitability; and those risks more fully discussed in the section entitled “Risk Factors” in BeiGene’s most recent quarterly report on Form 10-Q, as well as discussions of potential risks, uncertainties, and other important factors in BeiGene’s subsequent filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this press release, and BeiGene undertakes no duty to update such information unless required by law.


To access BeiGene media resources, please visit our News & Media site.


________________________

1 National Cancer Institute. Chronic Lymphocytic Leukemia Treatment (PDQ)–Patient Version. Accessed November 2024. https://www.cancer.gov/types/leukemia/hp/cll-treatment-pdq.

2 American Cancer Society. What is Chronic Lymphocytic Leukemia? Updated May 10, 2018. Accessed November 2024. https://www.cancer.org/cancer/types/chronic-lymphocytic-leukemia/about/what-is-cll.html.

3 American Cancer Society. Key Statistics for Chronic Lymphocytic Leukemia. Updated July 1, 2024. Accessed November 2024. https://www.cancer.org/cancer/types/chronic-lymphocytic-leukemia/about/key-statistics.html.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241209194441/en/



Permalink

https://aetoswire.com/en/news/10122024434655


Contacts

Investor Contact:

Liza Heapes

+1 857-302-5663

ir@beigene.com


Media Contact:

Kim Bencker

+1 610-256-8932

media@beigene.com

Media Release: Allianz lifts financial ambitions at its Capital Markets Day 2024

MUNICH - Tuesday, 10. December 2024


(BUSINESS WIRE)--Outperforming on key 2024 financial targets, Allianz has set ambitious financial targets through 2027 at its Capital Markets Day 2024.


In a world of uncertainty, Allianz aims to capitalize on its role as a trusted partner of choice by growing its customer base with innovative protection and retirement solutions and seamless services.


Allianz will focus on three levers to sustain its strong value creation momentum. First, driving smart growth by winning new customers, increasing cross-sell, and reducing churn. Second, reinforcing productivity through continuous delivery of its productivity agenda, also leveraging latest generative AI solutions. Third, strengthening business and financial resilience, supported by a refined capital management framework.


Oliver Bäte, Chief Executive Officer of Allianz SE, said:


“’Lifting Ambitions’ is focused on strengthening our value-creation engines and making them even more resilient. Our focus for this next phase will be on translating the success of our customer-centric strategy, already evident in our leading brand strength and excellent customer satisfaction levels, into even higher sustainable, capital-efficient growth for our shareholders.”


Significant value created for all stakeholders


Allianz’s strategic priorities for the next three years represent the natural evolution of the ambitions that were set out three years ago, which, having been successfully delivered, have driven significant value creation for all main stakeholders:


Allianz’s value creation for shareholders is evident in the expected achievement of the targeted 25 euros earnings per share6 in 2024 and a return on equity6 of ~16.5 percent, respectively, while maintaining financial resilience and performance stability.

For customer satisfaction – measured by the Net Promoter Score – 72 percent of Allianz’s businesses outperform their local market while 57 percent are loyalty leaders, outperforming Allianz’s 2024 target.

This strong performance was enabled by excellent employee engagement. The Inclusive Meritocracy Index (IMIX)7 has reached an all-time high at 83 percent in 2024. Furthermore, Allianz placed for the first time among the 25 World’s Best Workplaces™, the respected annual employer ranking conducted by Great Place To Work®, at #17. Employee trust and motivation represent a competitive advantage in talent retention and acquisition, and also encourage higher levels of customer service.

Allianz’s confidence to further lift its ambitions is built on the strengths of its two world-class Protection and Retirement businesses and its success in transforming Allianz into a customer-driven organization.


Allianz well positioned for Protection and Retirement opportunities


Allianz’s value proposition, to be the trusted partner for protecting and growing its customers’ most valuable assets, is particularly relevant today. Secular trends, like spiraling health costs, under-protected properties or compounding pressure on public pensions, will drive demand for integrated Protection and Retirement solutions.


Through its successful strategic portfolio optimization across its Retail and Commercial Property-Casualty, Health & Protection, as well as its Life and Asset Management businesses, Allianz is prepared to capitalize on these trends.


Further, through scalable reinsurance capabilities that leverage its life and asset management businesses, Allianz can expand its capacity to meet the increasing demand for its retirement solutions in a capital-efficient way.


Evidence of successful customer focus drives ‘pull dynamics’ for Allianz products


As more customers gravitate toward the partners of highest trust, Allianz has transformed its organization around the customer relationship. Evidence of this customer focus is apparent in Allianz’s all-time high brand value of 23.5 billion US dollars as measured in the latest Interbrand ranking, which made Allianz the #1 insurance brand for the sixth year running and ranking in the Top 30 brands globally for the first time.


This brand strength, combined with Allianz’s excellent customer satisfaction levels and superior service proposition, is creating strong pull effects that will further fuel the company’s growth ambitions and support its productivity agenda.


Financial targets are underpinned by solid business assumptions


Allianz’s ambitious Group financial targets for the 2024-2027 cycle are underpinned by solid assumptions that will guide the performance of each segment. These include:


Property-Casualty: Revenue growth of 6-7 percent p.a. and an operating profit of ~9.5 billion euros by 2027 with a combined ratio of 92-93 percent;

Life/Health: Operating profit of ~6 billion euros by 2027; new business margin of at least 5 percent and a share of value of new business from preferred lines of more than 90 percent;

Asset Management: Operating profit of ~4 billion euros and a cost-income ratio of ~60 percent by 2027; third-party Assets under Management CAGR of ~8 percent between 2024 and 2027

***


The Capital Markets Day will be webcasted live on YouTube from 9:30 am - 1:00 pm CET. You can follow the event here: Capital Markets Day 2024.


Notes


1 Core earnings per share; 2024-2027


2 Core return on equity; 2025-2027


3 Per annum; after tax, before dividend


4 Total payout ratio of 75 percent made up of the regular dividend payout of 60 percent of Allianz Group Net Income (attributable to shareholders), adjusted for extraordinary and volatile items (unchanged). A further objective is to pay a dividend per share of at least the amount of the previous year (unchanged). Further, Allianz will additionally return to its shareholders on average a minimum of 15 percent of Allianz Group Net Income (attributable to shareholders) as defined above (e.g. through share buy-backs) in the financial years 2025-27 (new). This Capital Management Policy represents the current intention of the Board of Management and of the Supervisory Board and may be revised in the future. The policy is subject to the absence of a significant earnings or capital event. Board of Management discretion includes taking into account Allianz Group’s earnings, financial condition, applicable capital and solvency requirements such as a Solvency II capitalization ratio of above 150 percent, prevailing operating and financial market conditions and general economic environment. Under given circumstances the additional payout can also exceed the minimum ratio of 15 percent on average. Further, the dividend payment in any given year is subject to specific dividend proposals by the Board of Management and the Supervisory Board, each of which may elect to deviate from this payout policy if appropriate under the then prevailing circumstances, as well as to the decision of the Annual General Meeting.


5 Net Promoter Score


6 Core earnings per share / core return on equity


7 The IMIX measures Allianz’s progress in building a culture where both people and performance matter.


Further links:


Media Release


Allianz | Capital Markets Day


Allianz | Allianz is the world’s #1 insurance brand


Allianz | Allianz listed as one of the 25 best workplaces worldwide


About Allianz


The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 764 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.8 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.


* Including non-consolidated entities with Allianz customers.


**As of September 30, 2024


Mandatory corporate information: Corporate disclosures


These assessments are, as always, subject to the disclaimer provided below.


Cautionary note regarding forward-looking statements


This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.


Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.


No duty to update


Allianz assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.


Privacy Note


Allianz SE is committed to protecting your personal data. Find out more in our privacy statement.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241209829384/en/



Permalink

https://www.aetoswire.com/en/news/10122024434699


Contacts

For further information please contact:


Lauren Day

Tel. +49 89 3800 3345

E-Mail: lauren.day@allianz.com


Florian Amberg

Tel. +49 89 3800 15924

E-Mail: florian.amberg@allianz.com


Frank Stoffel

Tel. +49 89 3800 18124

E-Mail: frank.stoffel@allianz.com


Heidi Polke

Tel. +49 89 3800 90777

E-Mail: heidi.polke@allianz.com

ABB research shows energy efficiency has become the decisive factor in electric motor choice for businesses

 Dubai, United Arab Emirates - Tuesday, 10. December 2024 AETOSWire Print 



Independent survey commissioned by ABB highlights the critical role that energy efficiency now plays in the sustainability agenda for global businesses with 91 percent saying this influences their choice of electric motors

94 percent of companies surveyed are already investing, or planning to invest, in sustainability initiatives, and have adopted a strategy of reducing operating costs through energy efficiency solutions

 


New research by ABB, in collaboration with Sapio Research, has surveyed nearly 2,400 global businesses to gain insight into the state of the market around energy efficiency, sustainability, digitalization, and the key role played by electric motors. Conducted in June 2024, the research gathered responses from industrial decision-makers across the UK, US, Germany, Italy, France, Australia, UAE, Japan, Thailand, Saudi Arabia, Brazil, South Korea, and India. Respondents represented a range of industries, such as manufacturers of OEM machinery, energy/power, food and beverage, metals, and chemicals. A key finding was that 91 percent of businesses said that energy efficiency now had a critical influence on their choice of electric motors. Furthermore, 94 percent of businesses are either currently investing or planning to invest in sustainability initiatives.


 


“This survey provides a valuable insight into how businesses are prioritizing energy efficiency not just to meet sustainability targets but also to gain measurable financial returns, said Stefan Floeck, Division President IEC Low Voltage Motors, ABB Motion. “ABB is already playing a critical role in this development by demonstrating how investing in state-of-the-art energy-efficient electric motors, such as our IE6 SynRM technology, can enhance operational efficiency and promote sustainable growth. With payback periods often measured in months rather than years the result is a win-win for both the environment and the bottom line.”


 


The role of electric motors in energy efficiency


In UAE, Almost (50 percent) of the businesses are investing or planning to invest in sustainability and especially energy efficiency. Most are aware of the role that energy efficient motors can play in achieving their sustainability goals, with 78 percent saying that this influences their choice. Nearly all businesses also recognize that energy efficient motors can add value to their products and business.


 


An emerging theme throughout the report is that end user businesses place a greater emphasis on sustainability, often due to increased pressure from customers which is reflected through their increased investment in energy efficiency. However, this also translates into what these businesses prioritize when it comes to energy efficient motors, with 88 percent considering it important that manufacturers can produce an environmental product declaration (EPD).  ABB is addressing this development through EcoSolutions, a comprehensive program designed to provide complete transparency on the environmental impact of its products across their entire lifecycle, from inception through to disposal.


 


Barriers to adoption


The main barriers preventing businesses from investing in higher efficiency motors are seen as higher upfront costs, concerns around integrating with existing systems and potential disruption in production capacity. Higher upfront cost is more of a barrier for higher turnover businesses.


 


Cost plays a role as both a barrier and a driver due to the investments required for plant and equipment upgrades. However, 99 percent of businesses are now tracking the long-term savings as the main return on investment (ROI) from their energy efficiency initiatives. 


 


Total cost of ownership (TCO) makes the case for energy efficiency


It is important to note that most businesses look at the total cost of ownership (TCO) as the most significant factor when purchasing new electric motors. In fact, over a long lifetime, the cost of an energy-efficient motor is far outweighed by the cost of the electricity to power it. For an IE6 SynRM, the upfront cost will be around 2 percent of its TCO, maintenance accounts for 1 percent and the remaining 97 percent is spent on electricity.


 


But it’s not all about cost. Quality and ability to integrate are also key attributes that businesses look for from a supplier.


 


Digitalization and E-commerce


Businesses are increasing their investment in innovative technologies to benefit from digitalization and E-commerce. What this investment is being spent on is multifaceted, but there is a focus on automation and AI-driven solutions. 


 


When looking specifically at the digitalization of electric motors, there is a clear trend for electric motor suppliers to utilize data insights and remote monitoring to improve their service offering. 99 percent of Businesses believe there is added value in running in digitally connected electric motors, specifically for their capability for predictive condition monitoring to enhance motor availability and safety.


 


Since many of the respondents are already using E-commerce there is growing interest for its use as a business-to-business service. Nearly all businesses see some benefit to electric motor procurement through E-commerce, with being able to see a great range of options and easy product comparison coming out on top. ABB has already deployed E-commerce in 21 countries with the confirmed advantages including speed, flexibility in product selection and ease of configuration, order confirmation and tracking.


 


These findings further strengthen the trend for digitalization with even more reliable and precise solutions delivering operational value and enabling business model transformation.


 


More information about ABB’s ultra-efficient SynRM motors is available here:  https://new.abb.com/motors-generators/iec-low-voltage-motors/process-performance-motors/synchronous-reluctance-motors


 


More information on ABB’s approach to sustainability is available here: https://global.abb/group/en/sustainability


 


ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on over 140 years of excellence, ABB’s more than 105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com


 


ABB Motion, a global leader in motors and drives, is at the core of accelerating a more productive and sustainable future. We innovate and push the boundaries of technology to contribute to energy efficient, decarbonizing and circular solutions for customers, industries and societies. With our digitally enabled drives, motors and services we support our customers and partners to achieve better performance, safety and reliability. We deliver motor-driven solutions for a wide range of applications in all industrial segments. Building on over 140 years of domain expertise in electric powertrains, our more than 22,000 employees across 100 countries learn and improve every day. go.abb/motion.


 


For more information please contact:


Media Relations


Email: media-motion@abb.com



Permalink

https://www.aetoswire.com/en/news/10122024434611


Contacts

For media queries, please contact:


Mayukh Sikdarl


Watermelon Communications


Dubai, U.A.E.


+971 4 283 3655


Email – mayukh@watermelonme.com

GCG Enterprise Solutions Extends AI Powered AMC IT Services

 Dubai, United Arab Emirates - Tuesday, 10. December 2024


GCG Enterprise Solutions which operates from within Ghobash Group – a diversified UAE-based business conglomerate, shared a major strategic milestone for FY 2024, by announcing the expansion of its business focus which will witness the company venturing beyond print services, to becoming a comprehensive IT Services provider.


As part of the company’s IT Services – the Annual Maintenance Contracts (AMC) offering from GCG Enterprise Solutions is AI Powered and aims to revolutionize the way businesses manage and maintain their IT infrastructure. By leveraging AI, GCG Enterprise’s services will be able to offer predictive maintenance, enhanced efficiency, and ultimately cost savings. This new development is aligned with GCG Enterprise Solutions’ overall strategic vision to become an indispensable and comprehensive IT Services partner. 


AI algorithms analyze historical data from IT systems to predict potential failures before they occur. This proactive approach minimizes downtime, ensures that systems are always running smoothly and even stands to extend equipment life and cost savings. Further cost efficiencies are also gained through reducing labor and repair costs and optimizing maintenance schedules. AI-driven AMCs automate routine tasks and provide real-time monitoring, freeing up IT staff to focus on more strategic activities. This leads to improved productivity from automation, faster response times, and enhanced resource optimization.


In addition, AI-powered systems continuously collect and analyze data to provide valuable insights that help in decision-making. This includes performance monitoring and trend analysis which help businesses stay ahead of potential issues. Services are also highly scalable, allowing businesses to grow without worrying about IT maintenance constraints. This scalability includes flexible solutions, customizable maintenance plans, as well as support for diverse IT environments. AI also improves security by identifying and mitigating threats in real time, covering a variety of related areas including threat detection, automated responses and compliance management.


Commenting on the integration of AI into the IT Services and AMC domain, GCG Enterprise Solutions’ General Manager Naser Darwazeh stated that “By harnessing the fullest potential of AI technologies to deliver cutting-edge IT Services and proactive AMC capabilities, GCG Enterprise Solutions aims to deliver a host of efficiencies and streamlined cost savings which will contribute to the overall competitiveness of our clients and their businesses across the UAE”.   


About GCG-Enterprise Solutions:


GCG-Enterprise Solutions (A Ghobash Group Enterprise) was established in 1982 to lead across the digital imaging and office services solutions sector in the UAE market. Today, the company caters to the exacting needs of an enviable list of regional clients, extending the most comprehensive portfolio of Enterprise Information Management, Digital Transformation and Interactive Smart Solutions in the GCC. Delivering unrivalled expertise and service standards, backed-up by partnerships with leading global technology brands, a 200+ strong team of specialists, as well as regional offices across the UAE, Oman and the Kingdom of Saudi Arabia, GCG-Enterprise Solutions stands at the forefront of integrating digital enterprise solutions which benefit its client’s businesses. The Company’s unique value-proposition of “Business made easy” impacts all aspects of its operations and serves as a perpetual promise to all of its stakeholders.


www.gcg.ae



Permalink

https://www.aetoswire.com/en/news/gcge10202024en


Contacts

Hicham Kabbage,


Senior Marketing Manager


hicham.kabbage@gcg.ae


+971 504082921

NetApp’s 2024 Data Complexity Report Reveals AI’s Make or Break Year Ahead

 Organizations Worldwide Brace for a Year of AI Transformation, Security Challenges, and Sustainability Imperatives


(BUSINESS WIRE) -- NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today released its second annual Data Complexity Report, which examines how global organizations are navigating the increasing complexity of managing their data for AI. This year’s report provides a global view into how AI will impact organizations in 2025 and beyond, offering insights to help businesses leverage AI’s potential while navigating the complexities and risks that accompany this transformative technology.


“2025 is shaping up to be a defining year for AI, as organizations transition from experimentation to scaling their AI capabilities,” said Gabie Boko, Chief Marketing Officer, NetApp. “This year’s Data Complexity Report shows that businesses are making significant investments to drive innovation and efficiency, but these efforts will succeed only if global tech executives can address the mounting challenges of data complexity, security, and sustainability. Intelligent data infrastructure, with unified data storage at its core, will be key to unlocking AI’s potential.”


AI Investment: Will AI Break the Bank?


Two-thirds of companies worldwide report that their data is either fully or mostly optimized for AI—meaning their data is accessible, accurate, and well-documented for AI-use cases. However, despite this progress, 2025 will still demand investment in AI and data management. In fact, 40% of global technology executives believe that unprecedented investment in AI and data management will be required for their companies in 2025. While companies have made strides in optimizing data for AI, achieving future breakthroughs will demand even greater commitment and resources.


Data Silos: Will Your Data Impede AI Success?


Data unification is emerging as a critical driver of AI success, with 79% of global tech executives recognizing the importance of unifying data to achieve optimal AI outcomes. Companies that have unified data storage have been able to remove data silos by connecting data regardless of type or location across hybrid multicloud environments so it is always accessible. Companies that prioritize unifying data are more likely to reach their AI goals in 2025, with only 23% of companies that prioritize unifying data saying they won’t reach their goals, versus 30% of companies that don’t prioritize unifying data. Investing in data management and infrastructure has become the top priority for organizations, with executives emphasizing it twice as much as other AI-related initiatives – a trend set to grow. Looking to the future, organizations that embrace data unification will be better positioned to fully harness the transformative power of AI, ensuring they stay ahead in an increasingly competitive landscape.


Data Security: Will Cyber Threats Scale Along with AI?


Global tech executives are bracing for a significant rise in security threats alongside AI adoption, with 41% predicting a sharp increase in 2025. Data privacy and security concerns have remained top challenges globally year-over-year, with AI-leading countries like India, Japan and the United States (whom are farther ahead in their AI journey) nearly twice as likely to report an increase in the number of security issues compared to AI-lagging countries like Germany, France, and Spain.


The rise of AI has increased the attack surface of many organizations, creating new challenges such as protecting AI-models themselves, defending data sets that are more exposed to attacks, and ensuring data is available and secure for use in AI applications. AI-driven security challenges are weighing heavily on the minds of global tech leaders, with 59% identifying these threats as a leading global stressor. This heightened focus reflects the growing complexity of cyber risks. Executives at the board and C-suite levels continue to prioritize cybersecurity and ransomware protection, with 38% ranking it as their top priority. However, there's a silver lining: the strategic measures organizations have implemented appear to be paying off. The focus on cybersecurity as a top priority has decreased by 17% since 2023—a promising sign that progress is being made in combating these ever-evolving threats.


Data Sustainability: Is AI Putting the Planet at Risk?


As AI adoption accelerates, 34% of global tech executives anticipate major shifts in corporate sustainability processes, and 33% expect new government energy policies and investments. AI-driven data growth and the infrastructure needed to turn data into business value uses a lot of energy, which runs counter to sustainability goals, with AI-leading countries experiencing a greater impact than AI-lagging countries. Carbon footprint reduction remains extremely or very important, especially in regions with high AI adoption, though its focus has declined year over year, from 84% of companies in 2023 to 72% in 2024. The challenge moving forward will be managing the environmental costs of AI while maximizing its potential for innovation.


This year’s Data Complexity Report highlights a pivotal shift: businesses that invest in intelligent data infrastructure, prioritize security, and factor in sustainability are not only future-proofing their operations but also gaining a significant competitive advantage in the AI-driven landscape.


“AI’s transformative potential hinges on secure, scalable, and sustainable data strategies,” said Krish Vitaldevara, Senior Vice President and General Manager, NetApp. “The organizations leading in advanced analytics and AI are those that have unified and well-cataloged data, robust security and compliance for sensitive information, and a clear understanding of how data evolves. By tackling these challenges, they can drive innovation while ensuring resilience, responsibility, and timely insights in the new AI era.”


To learn more, read the full report here: https://www.netapp.com/pdf.html?item=/media/120560-2024-data-complexity-survey-report.pdf


Join NetApp and Steve McDowell of NAND Research for a LinkedIn Live event on Wednesday, December 11 at 11am ET: https://www.linkedin.com/events/the2024netappdatacomplexityrepo7271211960103317505/theater/


Methodology


NetApp partnered with Wakefield Research to conduct a quantitative research study during November 2024, among 1,300+ IT executives in 9 markets: US, EMEA (UK, France, Germany, Spain) and APAC (Australia/New Zealand, Singapore, India and Japan).


About NetApp


NetApp is the intelligent data infrastructure company, combining unified data storage, integrated data services, and CloudOps solutions to turn a world of disruption into opportunity for every customer. NetApp creates silo-free infrastructure, harnessing observability and AI to enable the industry’s best data management. As the only enterprise-grade storage service natively embedded in the world’s biggest clouds, our data storage delivers seamless flexibility. In addition, our data services create a data advantage through superior cyber resilience, governance, and application agility. Our CloudOps solutions provide continuous optimization of performance and efficiency through observability and AI. No matter the data type, workload, or environment, with NetApp you can transform your data infrastructure to realize your business possibilities. Learn more at www.netapp.com or follow us on X, LinkedIn, Facebook, and Instagram.


NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20241210263987/en/



Permalink

https://www.aetoswire.com/en/news/1012202443484


Contacts

Media Contact:

Kenya Hayes

NetApp

kenya.hayes@netapp.com


Investor Contact:

Kris Newton

NetApp

kris.newton@netapp.com


 

Orthogon Therapeutics Closes Oversubscribed $5.2M Financing to Advance First Oral Therapy for BK Polyomavirus

CANTON, Mass. - Tuesday, 10. December 2024 AETOSWire

Orthogon’s small molecule therapeutics redefine treatment possibilities for BK virus infections.

(BUSINESS WIRE) -- Orthogon Therapeutics, a developer of novel antiviral medicines, today announced the closing of an oversubscribed financing round, exceeding its $5M target and bringing total funding to over $25M. This funding will accelerate the development of its first-in-class treatments for managing BK virus reactivation in transplant patients.

The company has successfully developed small molecule drugs that directly target viral proteins essential to the polyomavirus life cycle. Polyomaviruses lack conventional antiviral protein targets and have eluded drug development for decades. Backed by a diversified investor base and a pipeline of drugs with unique mechanisms of action, Orthogon is addressing this area of urgent unmet medical need.

“Our high-affinity small molecule antivirals rival the potency of biologics without their drawbacks,” said Dr. Stephen Weeks, VP of Structural Biology at Orthogon Therapeutics. “This achievement highlights our platform’s ability to target previously undruggable viral proteins.”

This breakthrough coincides with Orthogon’s creation of a pioneering animal model to study BK polyomavirus pathology. Historically, researchers have lacked in vivo insights into BK virus disease progression. This model deepens understanding of disease mechanisms and provides a robust platform for testing therapies, solidifying Orthogon’s leadership in addressing barriers to polyomavirus treatments.

The company’s therapeutic strategy offers the first comprehensive solution to managing the full BK virus risk ladder—from early reactivation, indicated by virus shedding in the urine, to systemic spread and severe complications such as BKVAN, graft dysfunction, and transplant failure. By intervening at the earliest stages of reactivation, this approach extends treatment benefits to more patients, reduces the need for aggressive late-stage interventions, and improves long-term transplant success.

“It is incredibly rewarding to see our drug designs progress from the bench into translational models,” said Ali H. Munawar, Ph.D., CEO of Orthogon Therapeutics. “Our small molecule antivirals offer unique advantages over emerging therapies, overcoming challenges in delivery, stability, and—most importantly—reaching the intracellular sites of viral replication in the kidney. These capabilities, combined with the dosing flexibility of oral administration, enable us to close significant gaps in transplant patient care.”

This strategic raise underscores Orthogon’s disciplined approach to capitalization, enabling focused progress on high-impact milestones and reinforcing investor confidence in its mission to deliver the first orally administered therapy for BK polyomavirus infections.

About BK and Polyomaviruses:

BK virus (BKV), a member of the polyomavirus family, establishes a lifelong, persistent yet silent infection in over 80% of healthy adults. BK virus reactivation occurs in the kidneys of nearly half of all solid organ and stem cell transplant patients, leading to severe complications and graft loss. Other human polyomaviruses, such as JC virus and Merkel Cell polyomavirus, cause fatal progressive multifocal leukoencephalopathy (PML) and aggressive Merkel cell carcinoma.

About Orthogon Therapeutics:

Orthogon leverages advanced structure-based drug design and biophysics to create groundbreaking therapies for challenging drug targets. To learn more, visit www.orthogontherapeutics.com.

Orthogon Therapeutics, LLC is an independent, privately held R&D company affiliated with the Pledge Therapeutics discovery platform. The company is headquartered in the biotech hub of Greater Boston with a branch in Leuven, Belgium. More info at www.pledge-tx.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20241210996847/en/

Permalink
https://www.aetoswire.com/en/news/1012202443481

Contacts

Ali H. Munawar, Ph.D.
amunawar@orthogontherapeutics.com
1-339-502-8643

Maria Martin
mmartin@pledge-tx.com
1-339-502-8630

Corpay Cross-Border Named the Global FX Partner of UFC

 Providing access to currency risk management and cross-border payments solutions


(BUSINESS WIRE) -- Corpay, Inc.* (NYSE: CPAY), a global leader in corporate payments, is pleased to announce that Corpay’s Cross-Border business has entered into an agreement with UFC, the world's premier mixed martial arts (MMA) organization, to become their official and exclusive Global Foreign Exchange (FX) Partner.

"UFC has revolutionized the sport of mixed martial arts, and the team at Corpay Cross-Border is excited to be named their exclusive Global FX Partner,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “Being recognized as an official partner of a premium global sports brand such as UFC further solidifies Corpay’s position as the currency risk management and cross-border payments solutions company of choice in the world of sports.”

“We’re thrilled to welcome Corpay as a first-time UFC partner,” said Nicholas Smith, Vice President of Global Partnerships for TKO. “Corpay provides a valuable service to business looking to streamline the way they manage and pay their expenses. We’re confident the worldwide popularity of UFC and the global reach of our platforms will help them reach new customers.”


Branded Entitlements and Activations

As the Official Global FX Partner of UFC, Corpay will serve as the Presenting Partner of select UFC Fight Nights in Asia, Australia, Europe, and the Middle East. In addition, Corpay branding will be integrated into the state-of-the-art LED UFC Fight Deck that encircles the world-famous Octagon,® enhanced with thrilling lighting effects, graphics, animation, video, and more.

Corpay branding will also be featured on the UFC Prep Point, the pivotal location where each UFC athlete undergoes a safety check with commission officials before entering the Octagon to face their opponent.

Beyond the Octagon, Corpay will also have a highly visible presence at popular UFC fight week activities, including press conferences and weigh-ins, that help build anticipation for the main events.

Corpay will first activate the partnership at UFC FIGHT NIGHT Riyadh in Saudi Arabia on Saturday, February 1st at The Venue, Riyadh. With a soon-to-be-announced fight card, the event will see several of the sport’s most talented athletes enter the Octagon® for an action-packed night. The event marks UFC’s second event in Riyadh, following its historic debut earlier this year.


About Corpay

Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fuelling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc.


Corpay – Payments made easy. To learn more visit www.corpay.com.


About UFC®

UFC® is the world’s premier mixed martial arts organization (MMA), with more than 700 million fans and approximately 290 million social media followers. The organization produces more than 40 live events annually in some of the most prestigious arenas around the world while broadcasting to over 975 million households across more than 170 countries. UFC’s athlete roster features the world’s best MMA athletes representing more than 80 countries. The organization’s digital offerings include UFC FIGHT PASS®, one of the world’s leading streaming services for combat sports. UFC is part of TKO Group Holdings (NYSE: TKO) and is headquartered in Las Vegas, Nevada. For more information, visit UFC.com and follow UFC at Facebook.com/UFC and @UFC on X, Snapchat, Instagram, and TikTok: @UFC.

*“Corpay” in this document primarily refers to the Cross-Border Division of Corpay, Inc. https://www.corpay.com/cross-border; a full listing of the companies that are part of Corpay Cross-Border is available here: https://www.corpay.com/compliance.


 

View source version on businesswire.com: https://www.businesswire.com/news/home/20241210453199/en/



Permalink

https://www.aetoswire.com/en/news/1012202443483


Contacts

Corpay Contact:

Brad Loder

Chief Marketing Officer

Corpay Cross-Border Solutions

+1 (647) 627-6635

brad.loder@corpay.com