Category: Pakistan

Eagle Eye LPR Makes License Plate Recognition Practical and Affordable

The newest enhancement to the Eagle Eye Cloud VMS (video management system), Eagle Eye LPR/ANPR is AI-powered, cloud-managed, and does not require the purchase of special cameras

AUSTIN, Texas, March 10, 2022 (GLOBE NEWSWIRE) — Eagle Eye Networks, the global leader in cloud video surveillance, today launched Eagle Eye LPR (license plate recognition), which uses artificial intelligence (AI) in a true cloud-based system for high accuracy in all kinds of challenging conditions. Eagle Eye LPR operates on readily available security cameras making it affordable and practical for today’s business owners.

“We’re seeing increased demand for LPR/ANPR for security and business optimization. Eagle Eye LPR is designed to be easy to deploy and manage, and it does not require the purchase of special cameras,” said Dean Drako, CEO of Eagle Eye Networks. “Our industry-leading AI not only provides high accuracy, Eagle Eye cloud LPR is continuously improved to support new license plates and increase accuracy.”

Powered by Eagle Eye Networks industry-leading AI and analytics, Eagle Eye LPR works with the Eagle Eye Networks Vehicle Surveillance Package (VSP) to enable seamless monitoring of vehicles across multiple locations.

Eagle Eye Networks supports many manufacturers’ LPR products including cameras. Eagle Eye Networks operates an open system giving customers choice. The Eagle Eye Cloud VMS will continue to support camera and other LPR technologies.

The benefits of Eagle Eye LPR include:

• Camera Agnostic: Works securely with nearly any IP or other camera
• Affordable: Does not require specialty cameras, onsite hardware or onsite maintenance
• High Accuracy: Eagle Eye’s AI provides industry-leading accuracy even for non-standard license plates and in challenging lighting and environmental conditions
• Flexibility: Open API for unlimited integrations with other technology partners
• Scalability: Manage and add locations, cameras, features with the click of a button
• Continuous Delivery: AI LPR is continually improved to support newer license plates, and all Eagle Eye development innovations are instantly delivered to customers via the cloud
• Broad Geographic LPR/ANPR Support: North America, Mexico, EU, UK, India, Singapore, Malaysia, Australia

Target applications for Eagle Eye LPR include:

• Smart Parking with LPR-based automation
• Corporate Offices – Secure, smooth vehicle entry/exit
• Healthcare and Education Campuses – Touchless access control
• Home Owners Associations (HOAs) and Multi-Family Homes – Neighborhood safety
• Critical Infrastructure, Industrial – Multi-site remote monitoring
• Restaurants, Retail, Curbside Pickup – Improved customer experience
• Hospitality, and more

Eagle Eye LPR offers resellers opportunities to enter new markets, to provide additional services, and to increase revenue.

“With Eagle Eye LPR, there’s no major hardware swap or installation, you can use existing cameras,” said Lon Bazelais, president of Grid Squared Systems, an Eagle Eye Networks certified security systems integrator based in New York City. “They have made it super easy for us and for our clients. Eagle Eye license plate recognition removes the hassle and expense of LPR systems. Now, Eagle Eye LPR will allow us to enter new vertical markets, notably parking facilities, which is a huge opportunity for us in New York City. We’re also excited to bring this advanced technology to our existing clients who want to add LPR to their current security systems.”

Brian West, President of ParkNGo in Dayton, Ohio who is using Eagle Eye LPR to modernize their overall security posture, added “we’re seriously streamlining parking operations and improving the experience for customers at the same time. With Eagle Eye LPR, our customers can enter and exit the lot without even rolling down their windows. Their prepaid parking reservation is automatically applied and the experience is just short of magical. We’re impressed with the high accuracy of the Eagle Eye LPR—their artificial intelligence (AI) makes the difference—and it is so simple for our employees to use. The total cost of ownership is reduced as the solution works with a low-cost ONVIF camera, and the managed service from Eagle Eye assures me of continuous upgrades and support.”

LPR is also known as Automatic Number Plate Recognition (ANPR) or Automatic License Plate Recognition (ALPR). Eagle Eye LPR is available now. Visit our site for more information.

ABOUT EAGLE EYE NETWORKS
Eagle Eye Networks is the global leader in cloud video surveillance, delivering cyber-secure cloud-based video with artificial intelligence (AI) and analytics to make businesses more efficient and the world a safer place. The Eagle Eye Cloud VMS (video management system) is the only platform robust and flexible enough to power the future of video surveillance and intelligence. Eagle Eye is based in Austin, Texas with offices in Amsterdam, Bangalore, and Tokyo. Learn more at een.com.

EAGLE EYE PRESS CONTACT
GLOBAL HQ
Martha Entwistle
mentwistle@een.com
+1-512-473-0500

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3053614f-7b00-4a40-9f25-9d16bd67207b

LONDON, March 10, 2022 (GLOBE NEWSWIRE) — Annapurna Finance raised EURO 15 mn of senior debt from OeEB the Development Bank of Austria, this facility will provide financial assistance to its clients in microfinance space. EMGA advised on the transaction.

The EUR 15 million debt facility comes at a time when financial institutions world-wide are exploring new cross-border funding options to further deliver on their objectives.

“Increasing financial inclusion is one of our main strategic goals. We are therefore proud to work with Annapurna – an experienced partner in the field of microfinance,” stated Sabine Gaber, member of OeEB’s Executive Board. “Especially women often have very limited access to financial services, which is why we are particularly happy that our funds will support female entrepreneurs and contribute to improving gender equality in India.”

Commenting on the transaction, Annapurna’s CFO Satyajit Das said, “Annapurna is very pleased and welcomes OeEB as a new debt partner.” He further shared that, “We continued to grow despite the pandemic and the funding provided by OeEB will help boost our activities while generating strong positive impact.” He also praised EMGA advisory team in closing the deal.

EMGA’s Managing Director and Investment Banking Head Sajeev Chakkalakal said, “It was a pleasure to be able to communicate Annapurna’s vision of economic empowerment within India and successfully structure and negotiate this funding solution with OeEB.” Managing Director Jeremy Dobson added “Annapurna’s strong management and solid financial position were major factors that enabled Sajeev and EMGA’s Investment Banking team to complete this financing in tandem with the deep institutional framework and financial capacity that OeEB represents.”

Annapurna Finance is one of the top ten NBFC-MFIs in India. Annapurna Finance was established with a purpose of serving their clients by bringing them to mainstream, providing need based financial services at their doorstep. They currently operate in 19 states and manage assets of more than EURO 640 mn in microfinance and MSME space. They are headquartered out of Bhubaneswar, Odisha.

Oesterreichische Entwicklungsbank AG (OeEB) has been operating as the Development Bank of Austria since March 2008. It specialises in the provision of long-term finance for the implementation of private sector projects in developing countries which create sustainable development. Additionally, OeEB provides technical assistance, which can be used to enhance the developmental impact of projects. For more information, please visit https://www.oe-eb.at/

Emerging Markets Global Advisory (EMGA), with offices in London and New York, helps financial institutions and corporates seeking debt or equity capital. EMGA’s multi-national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world’s emerging markets and frontier economies, including India which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues expanding its geographic reach and service offering, solidifying its place in the market as one of the industries pre-eminent emerging markets focused niche investment banks.

info@emergingmarketsglobaladvisory.com

TEMECULA, Calif., March 09, 2022 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (“Group”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is proud to announce yet another expansion of their manufacturing capabilities for the growing Marine market. With this expansion, they have become one of the largest manufacturers providing localized assembly in both Busan Korea and Hangzhou China. This expansion represents their commitment to and support of the growth of the Asian shipbuilding industry.

Their Hangzhou China facilities are now equipped to manufacture and deliver marine skids and provide full integration and assembly in-house. This allows for greater quality control and reduced cost for their customers. The new, larger facility in Korea provides full-system Marine solutions. Together, these facilities now provide full localization for design, engineering and manufacturing.

As a unified Nikkiso Group, they are the only company that offers the core technology components completely in-house. They provide fully integrated turnkey fuel system solutions, cargo handling solutions and complex LNG missions. Through their China facility, they can now offer in-country full string testing and provide full fuel gasket testing to ensure meeting engine requirements. Their service capabilities in China and Korea have also been expanded with additional service offerings, long-term service agreements and more field service specialists.

“We are proud to be helping lead the way in the LNG powered Marine market and providing significant benefits to our Marine customers. Nikkiso CE&IG will now be able to provide complete systems and support our customers with a complete factory supported solution,” according to Peter Wagner, CEO of Cryogenic Industries and President of the Group.

Marine continues to be a major focus of the Group, and this expansion provides a strong support structure for future growth. The locations also eliminate the need for ocean freighting for shipment delivery, resulting in shorter delivery times to their customers.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a part of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

Derek Aberle, former President of Qualcomm and Nick Stone, former VP of TPG Capital, are business leaders with extensive experience in technology, driving growth and capital markets

QUEBEC CITY, March 09, 2022 (GLOBE NEWSWIRE) — LeddarTech^®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce the appointments of Derek Aberle and Nick Stone to its Board of Directors.

Mr. Derek Aberle’s experience includes senior executive roles in large, global technology companies as well as the investment community. Mr. Aberle spent 17 years at Qualcomm Incorporated, a global leader in mobile and related technologies and products, in a variety of senior executive roles. From 2014 to 2018, he served as President of Qualcomm with responsibility for all business units, including its licensing and semiconductor businesses, as well as its marketing organization and regional offices worldwide. Prior to that, he served as EVP and Group President and as EVP and President of Qualcomm Technology Licensing. He was a member of Qualcomm’s executive committee for over a decade, helping to drive the company’s overall strategy. Mr. Aberle led many of Qualcomm’s global growth initiatives, including in markets beyond smartphones as well as its expansion in China. He also led Qualcomm’s technology and IP licensing business through a period of tremendous growth and profitability, established its 4G and 5G licensing programs, and structured and negotiated Qualcomm’s major license and other strategic agreements. Since leaving Qualcomm Mr. Aberle co-founded XCOM Labs, a company focused on developing and commercializing advanced wireless technologies, and presently serves as Executive Vice Chairman of XCOM Labs. He also is the CEO of Prospector Capital Corp., a special purpose acquisition company.

Mr. Aberle holds a B.A. in business economics from the University of California, Santa Barbara and a J.D. from the University of San Diego School of Law. He is a board member for XCOM Labs, Prospector Capital Corp., Jaws Juggernaut Acquisition Corp., the Alliance for SoCal Innovation and EvoNexus (a Southern California incubator).

Mr. Nick Stone possesses over 20 years of experience in the investment industry and has been partner with FS Investors since 2010. He previously served as Vice President of TPG Capital, one of the world’s largest private equity funds and an investment professional with Kohlberg Kravis Roberts Co. and Morgan Stanley. As a result, Mr. Stone brings a wealth of knowledge in finance, global markets and high-level investing. He has been involved in investments totaling $20 billion and approximately $2.5 billion in equity capital during his successful career.

Mr. Stone graduated cum laude from Harvard, was an Arjay Miller Scholar at the Stanford Graduate School of Business and resides in La Jolla, California.

“I am very proud to welcome Derek and Nick,” stated Mr. Michel Brûlé, Chairman of the Board of Directors of LeddarTech. “Our Board is comprised of an exceptional group of highly skilled and experienced leaders representing different industries and fields of expertise, including former senior managers and CEOs of companies such as Bosch, Texas Instruments, NXP, Tata Motors, GM, Faurecia, Geely, BMW and the Business Development Bank of Canada.” Mr. Brûlé continued: “The addition of Derek and Nick with their vast experience in technology, global markets and finance will even further enhance the Board’s expertise as well as strengthen our ability to accelerate the growth and success of LeddarTech,” concluded Mr. Brûlé.

“We are privileged to welcome Derek and Nick to our Board,” stated Mr. Charles Boulanger, CEO of LeddarTech. “There’s no doubt that our company’s leadership will be enhanced by Derek’s executive background in the technology industry, specifically in driving global strategies, expertise in international markets, artificial intelligence and wireless technology, and by Nick’s decades of experience in the financial markets where he has led key investments across numerous sectors and geographies,” added Mr. Boulanger. “Adding such exceptional, well respected individuals to our Board of Directors will undoubtedly build the momentum towards the advancement of our ambitious strategic objectives,” concluded Mr. Boulanger.

About LeddarTech

Founded in 2007, LeddarTech is a comprehensive end-to-end environmental sensing company that enables customers to solve critical sensing, fusion and perception challenges across the entire value chain. LeddarTech provides cost-effective perception solutions scalable from Level 2+ ADAS to Level 5 full autonomy with LeddarVision™, a raw-data sensor fusion and perception platform that generates a comprehensive 3D environmental model from a variety of sensor types and configurations. LeddarTech also supports LiDAR manufacturers and Tier 1-2 automotive suppliers with key technology building blocks such as LeddarSteer™ digital beam steering and the LiDAR XLRator™, a development solution for automotive-grade solid-state LiDARs based on the LeddarEngine™ and core components from global semiconductor partners. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 100 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232
daniel.aitken@leddartech.com

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/509e1e00-3336-4581-acf4-69895b4cc0db

Global Technology Leaders Join Delphix in Founding Nonprofit to Advance Sustainability

REDWOOD CITY, Calif., March 08, 2022 (GLOBE NEWSWIRE) — Today, a think tank of global technology leaders and Delphix, the industry leader for DevOps test data management, announced the formation of SustainableIT.org, a nonprofit organization focused on advancing global sustainability through technology leadership.

“Sustainability is the megatrend of the century,” said Jedidiah Yueh, Founding Director of SustainableIT.org and Delphix Founder and CEO. “For too long, sustainability has been a problem for someone else to solve. Today, we’re joining forces with technology leaders from the world’s largest organizations to make sustainability our collective problem to solve.”

Over the next decade technology systems will dramatically increase energy consumption and related environmental and carbon impact. And digital transformation programs are increasingly putting consumer data privacy at risk, a major governance concern.

Yet most organizations independently define their approach to sustainability, with no standard metrics or reporting for the three pillars of sustainability: environmental, societal, and governance.

SustainableIT.org will unite IT leaders and experts from around the world to define best practices and standard metrics for all three pillars of sustainability in order to drive transparency and progress toward a sustainable future.

“IT leaders and teams want to have more of an impact on sustainability initiatives. Launching SustainableIT.org represents an important moment in time for empowering IT to fulfill its promise—not just innovating for the business and our customers but to help save the world,” said Brian Kirkland, Choice Hotels CIO.

SustainableIT.org is a nonprofit governed by global technology leaders with the support of partners and the technical advisor, Delphix. The founding board of directors includes:

• Amir Desai, CIO, Molina Healthcare
• Chris Gates, CTO, Allstate
• Bernard Gavgani, Global CIO, BNP Paribas
• Josh Harbert, CMO, Delphix, President of SustainableIT.org
• Brian Kirkland, CIO, Choice Hotels International
• Ralph Loura, CIO and CTO, Lumentum
• Bryan Muehlberger, CIO, The Beachbody Company
• Vipul Nagrath, Senior Vice President, ADP
• Neal Ramasamy, Global CIO, Cognizant
• Andy Santacroce, Vice President and Deputy CIO, Tokio Marine North America
• Mihir Shah, Enterprise Head of Data, Fidelity Investments
• Suda Suvarna, Global Chief Solutions Officer, Deloitte
• Katherine Wetmur, CTO, Morgan Stanley
• Jedidiah Yueh, Founder and CEO, Delphix

As part of its mandate, SustainableIT.org will define sustainable transformation programs by industry, author best practices and frameworks, set standards and certifications, provide education and training, and raise awareness for environmental and societal programs that make our organizations and the world sustainable for generations to come.

“At Delphix, sustainability is core to our business and value. Our DevOps Data Platform reduces the environmental impact of application environments by 10x, and we govern and protect consumer data privacy for many of the world’s biggest brands,” said Yueh. “But we can do more. SustainableIT.org is our chance to galvanize the world’s largest organizations to take clear and transparent actions that lead to a sustainable world.”

About SustainableIT.org

SustainableIT.org is a nonprofit organization focused on advancing global sustainability through technology leadership. Our mission is to define sustainable transformation programs by industry, author best practices and frameworks, set standards and certifications, provide education and training, and raise awareness for environmental and societal programs that make our organizations and the world sustainable for generations to come. Follow us on LinkedIn.

About Delphix

Delphix is the industry leader for DevOps test data management.

Businesses need to transform application delivery but struggle to balance speed with data security and compliance. Our DevOps Data Platform automates data security, while rapidly deploying test data to accelerate application releases. With Delphix, customers modernize applications, adopt multi-cloud, achieve CI/CD, and recover from downtime events such as ransomware up to 2x faster.

Leading companies, including Choice Hotels, Banco Carrefour, and Fannie Mae, use Delphix to accelerate digital transformation and enable zero trust data management. Visit us at www.delphix.com. Follow us on LinkedIn, Twitter, and Facebook.

Contact:

Orlando de Bruce
VP of Corporate Marketing & Brand
Orlando.Debruce@delphix.com