Deriv Expands Global Reach with 7 New Offices

Deriv’s new office locations in 2022

In 2022, Deriv opened 2 new offices in Asia, 2 in Europe, and one each in South America, Oceania, and the Caribbean.

CYBERJAYA, Malaysia, May 04, 2023 (GLOBE NEWSWIRE) — Deriv, one of the world’s largest online brokers, opened 7 new offices worldwide in 2022 to broaden its reach and leverage talented professionals spread across the globe.

In the fast-moving world of financial trading, changes are inevitable. Trading firms need to adapt to the evolving financial environment and innovate on their feet. Deriv has always been a broker able to adapt to changes. Last year was one of success and expansion for the firm, reflected in its opening of 7 new offices worldwide.

Deriv’s new office locations ranged from Vanuatu in the east to the Cayman Islands in the west and spanned 3 continents. Deriv opened 2 new offices in Asia, 2 in Europe, and one each in South America, Oceania, and the Caribbean.

Deriv opened 7 new offices worldwide in 2022

Singapore and Amman, Jordan, became Deriv’s latest offices in Asia. Reading, UK, and Berlin, Germany, were the European additions to Deriv workplaces. A new office was set up in Ciudad del Este, Paraguay, making it the company’s second workplace in the country, adding to its existing address in Asunción. George Town, Cayman Islands, and Port Vila, Vanuatu, were the other Deriv workplaces in 2022.

The latest additions take the total Deriv office count up to 20 in 16 countries and will help the company reach new clients in more locations as it looks to become the world’s number 1 trading provider.

As it expands globally, Deriv aims to tap into the vast talent pool that exists across the world and provide its employees with the best tools to enhance their knowledge, skills, and experience which will in turn enable them to contribute to the company’s growth and success. Several Deriv locations have been certified with the ‘Best Places to Work’ for 2022 by Great Place to Work® (GPTW).

Jean-Yves Sireau, the CEO of Deriv, said: “At Deriv, we believe that talent isn’t restricted by geography. Our 7 new offices have allowed us to explore new markets — some of them in non-English-speaking countries — and hire quality professionals to help us achieve our goals in 2023. We are expanding our reach by adding new products and services, and customising them to local needs as we integrate our systems with AI language tools, including Amazon Translate.”

He added: “Our hires at the new offices have helped us strengthen our technical infrastructure, add expertise, and create localised educational materials for traders on our platforms.”

Over the course of 2023, Deriv will look to add new employees at its latest offices and to its existing multinational and multicultural workforce — that currently stands at over 1,200 — as it aims to become the world’s number 1 trading provider. If you want to be part of this successful and fast-growing team, check out open positions at Deriv.

About Deriv

Starting its journey in 1999, Deriv’s mission has been to make online trading accessible to anyone, anywhere. Deriv’s product offering includes intuitive trading platforms, over 200 tradable assets (in markets such as forex, stocks, and cryptocurrencies), unique trade types, and more. With more than 1,200 employees in 20 global offices spread across 16 countries, Deriv strives to provide the best work environment, which includes positive work culture, timely addressing of employee concerns, celebrating achievements, and conducting initiatives to boost their morale.

PRESS CONTACT
Aleksandra Zuzic
[email protected]

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GlobeNewswire Distribution ID 1000808216

Government of India Grants Pan India Unified Licenses to Zoom

Zoom aims to empower the India workforce with the rollout of Zoom Phone

SAN JOSE, Calif., May 04, 2023 (GLOBE NEWSWIRE) — Today, Zoom (NASDAQ: ZM) announced that it has received the Unified License with Access – All/PAN India, NLD National Long Distance, and ILD – International Long Distance from the Department of Telecommunications (DoT), Government of India. With these licenses, the company will be able to offer Zoom Phone, its industry leading cloud PBX service, to multinational corporations (MNCs) and businesses operating in India.

Zoom Phone is a global cloud PBX application service, enabling MNCs and businesses in India to have a single communication platform for their global workforce. Zoom partners with international telecommunication providers and offers phone numbers and calling plans in 47 countries and territories bundled with cloud PBX service, making it simple for customers to deploy and manage their phone services.

Zoom Phone offers a robust set of features for the modern workforce, including intelligent call routing, auto attendants, interactive voice response, shared line appearance, call queuing, call analytics, voicemail, recordings and transcriptions, desktop/mobile app experience optimized for business users and integrations with CRM applications.

“We are thrilled and proud to receive the unified licenses from the Department of Telecommunications. With Zoom Phone, India businesses and multinational corporations can support hybrid work environments, foster greater collaboration among employees and elevate the customer experience,” said Abe Smith, Head of International, Zoom. “This important milestone underscores our continued focus in countries like India, a strategic growth market for Zoom, and our commitment to bringing new and innovative collaboration solutions to our customers.”

Zoom Phone grew more than 100% year over year globally in fiscal year 2023, surpassing 5.5 million seats in the fourth quarter of fiscal year 2023. This is a testament to Zoom Phone’s ability to meet customer requirements for simplicity and flexibility and help businesses transition to a modern cloud communications platform.

In the coming months, Zoom will be working with regulators and partners in India to offer a complete telecommunications service bundled with its Zoom Phone PBX service.

“Feeling the pinch to produce more with less, Indian multinationals are increasingly turning to collaboration platforms including video communications to streamline workflows and engage employees, partners as well as their customers. The launch of Zoom Phone will offer a competitive edge to the collaboration solution vendor in targeting the Indian enterprise customers,” said Nikhil Batra, Research Director, Telecom at IDC. “Collaboration solutions have been highlighted by Indian enterprises as their top ICT investment priority through the course of 2023 and Zoom Phone, along with the broader Zoom collaboration portfolio, could help organizations accelerate this move to support and empower an increasingly mobile and connected workforce.”

About Zoom
Zoom is an all-in-one intelligent collaboration platform that makes connecting easier, more immersive, and more dynamic for businesses and individuals. Zoom technology puts people at the center, enabling meaningful connections, facilitating modern collaboration, and driving human innovation through solutions like team chat, phone, meetings, omnichannel cloud contact center, smart recordings, whiteboard, and more, in one offering. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more info at zoom.com.

Public Relations
Colleen Rodriguez
Head of Global PR for Zoom
[email protected]

GlobeNewswire Distribution ID 8831836

Hitachi Energy, the partner of choice for largest-ever HVDC wind energy project in U.S.

The SunZia Transmission Project, enabled by HVDC Light®, links New Mexico’s wind farms to Arizona’s grid, increasing renewable energy to the Western States.

Zurich, Switzerland, May 04, 2023 (GLOBE NEWSWIRE) — Zurich, Switzerland, May 4, 2023 – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, has been selected by Pattern Energy to supply its high-voltage direct current (HVDC) and other advanced technologies for the SunZia Transmission Project. It will connect the 3,500-megawatt (MW) SunZia Wind project in New Mexico to the power grid in Arizona and Southern California, which will be among the world’s largest transmission links delivering renewable energy.

Hitachi Energy’s HVDC Light® technology will efficiently transfer and integrate huge volumes of wind power over more than 885 kilometers (550 miles) into the regional power grid. This will significantly increase the availability of sustainable energy for homes and businesses throughout the region.

When complete, SunZia Wind will have a total power capacity of 3,500 MW, enough clean, renewable electricity to provide power to approximately three million Americans.1 The HVDC link will efficiently transmit up to 3,000 MW of this power west to Arizona. The HVDC Light® system will be the largest voltage source converter (VSC) installation in the United States, one of the largest worldwide, and one of the country’s longest HVDC connections.

“We are proud to be advancing a sustainable energy future for all in the southwestern United States, enabling Pattern Energy to integrate emission-free electricity into the regional grid serving Arizona and Southern California,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “Our market-leading HVDC technologies combined with our execution expertise makes us the partner of choice to help the U.S. achieve its carbon-neutral targets by efficiently and reliably maximizing its renewable energy resources.”

“Our collaboration with Hitachi Energy is an important milestone for the SunZia Transmission Project and will enable us to harness and carry this great energy potential to the areas where there is a high demand for renewable energy,” said Hunter Armistead, CEO of Pattern Energy. “The use of HVDC technology will enhance power grid reliability and resilience and play a vital role in delivering clean energy and deploying a sustainable energy system in the U.S.”

The SunZia Transmission project is a 3,000 MW HVDC link between Corona, New Mexico and Pinal County, Arizona. Hitachi Energy has already started work on designing and engineering the two HVDC Light® converter stations, one at either end of the link. The transmitting station converts the power from AC to DC for transport in the overhead lines, then back to AC for integration into the receiving grid.

Hitachi Energy has partnered with Quanta Services, Inc. (Quanta) to provide a turnkey project solution for the SunZia project, including managing the HVDC construction and building installation at the associated project sites. Quanta is an industry leader providing specialized infrastructure solutions to the utility, renewable energy, communications, pipeline, and energy industries. The collaboration with Quanta is designed to leverage the core competencies of the two companies to deliver a best-in-class solution for the project. The HVDC converter stations are expected to be in-service by the end of 2025 to support final testing and commissioning of the SunZia Wind facilities in 2026.

To find the optimal solution that considers the impact of the new facility on the existing grid, a system study and a comprehensive interconnection and system impact analysis were conducted by Hitachi Energy´s expert consultants.

Hitachi Energy will also supply ‘alternating current (AC) chopper’ technology to help restore power if the power flow on the DC line or in the AC grid in Arizona is temporarily interrupted by weather and other contingency events.

Hitachi Energy has delivered more than half of the HVDC projects in North America. These include the Pacific Intertie transmission system, which transfers electricity from the Pacific Northwest to Los Angeles, the Quebec-New England link, which was the first large-scale multi-terminal HVDC transmission system in the world, and the Maritime link, which connects the Islands of Newfoundland and Nova Scotia, supporting the integration of renewable energy sources and improving grid stability. The company has also recently announced new HVDC projects including Champlain Hudson Power Express, the Châteauguay converter station modernization with Hydro Quebec, and the InterMountain Power Project.2

Note to editors

Hitachi Energy’s HVDC solution combines world-leading expertise in HVDC converter valves, the MACH™ digital control platform3 converter power transformers and high-voltage switchgear, as well as in system studies, design and engineering, supply, installation supervision and commissioning.

HVDC Light® is a voltage source converter technology developed by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and “power-from-shore” connections to offshore production facilities. HVDC Light’s defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world’s HVDC projects.

https://sunzia.net/impact/
Hitachi Energy HVDC references North America
Modular Advanced Control for HVDC (MACH™)

HVDC website:
https://www.hitachienergy.com/offering/product-and-system/hvdc

                                                                                                                                                – END –

About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachments

Jocelyn Chang
Hitachi Energy
jocelyn.chang@hitachienergy.com

GlobeNewswire Distribution ID 8832144

FEMA GRAS status for Sweegen’s sweet protein brazzein technology

Rancho Santa Margarita, Calif., May 04, 2023 (GLOBE NEWSWIRE) — Global sweetness and flavor innovator, Sweegen has announced that its highly sought-after sweet protein Ultratia™ brazzein technology received the Generally Recognized As Safe (GRAS) status from the Flavor and Extract Manufacturers Association (FEMA).

“Our customers and the industry have eagerly anticipated our brazzein FEMA GRAS status, and now we are excited to offer it as the star sweet protein in our Sweetensify Flavors Collection,” said Luca Giannone, SVP of Sales. “We’re pleased to demonstrate our Ultratia brazzein in the newly launched Sweetensify Flavors Collection at the IFT First trade show in Chicago July 17-19, 2023.”

Brands are encouraged to visit Sweegen’s food and beverage application team at IFT First, the Sweegen booth, located at the South Building — S1619 — IFT, for a sensory experience and learn how it can easily fit into their food and beverage products.

Sweegen is the first to attain FEMA GRAS status and to produce brazzein commercially globally. The designation is important because it allows manufacturers to use Sweegen’s Sweetensify Flavors confidently, including the novel sweet protein brazzein in their product formulations.

Brazzein’s unique characteristics make it special, and its commercialization and scaling have been challenging until now. Brazzein is a rare sweet protein that originates from the fruit of the West African climbing plant, oubli. To produce brazzein sustainably, Sweegen uses a proprietary precision fermentation process, which creates clean high-purity ingredients.

“This important milestone in food and beverage creation symbolizes Sweegen delivering on its promise to brands for opening doors to scalable state-of-the-art technology for creating better-for-everyone food and beverages,” said Hadi Omrani, VP of technical and regulatory affairs. “The FEMA GRAS status is a testament to the safety of brazzein as a flavor modifier that our customers can trust to explore new and exciting taste-modulating solutions.”

Sweetensify Flavors for taste modulation improves and modulates a variety of taste attributes, which can help brands push the boundaries of healthier product innovation. Brazzein’s exceptional formulation qualities inspired Sweegen to launch Sweentisify Flavors in April 2023. It is the newest flavor tool starring its novel sweet protein Ultratia brazzein, which also features thaumatin II and other unique proteins.

“Sweegen’s product development teams have discovered remarkable synergies between Sweetensify Flavors and our Signature Stevia systems,” said Casey McCormick, VP of global innovation.

Sweet proteins like brazzein have an affinity for different taste receptors on the tongue, especially the receptor known as T1R3, which is associated with both umami and sweetness perception. Leveraging this unique attribute, Sweetensify Flavors will enable product developers to maintain the quality of characteristic flavors and sweetness while reducing the amount of sugar they use in products.

“Sweegen’s Ultratia brazzein has received great feedback from our customers during the initial formulations phase and tastings,” said Casey McCormick, VP of global innovation. “Now, the timing of the FEMA GRAS status perfectly coincides with the launch of Sweegen’s Sweetensify Flavors, which offers the best sensory experience in better-for-everyone products.”

Sweegen recently attained FEMA GRAS status for thaumatin II, a sweet protein complementary to brazzein. With the addition of brazzein, Sweegen continues to expand its portfolio of safe and effective taste modulating flavors that can help food and beverage manufacturers meet the demand for healthier and delicious products to align with consumers’ holistic approaches to wellness.

About Sweegen

Sweegen provides sweet-taste solutions for food and beverage manufacturers around the world.
We are on a mission to reduce sugar and artificial sweeteners in the global diet. Partnering with customers, we create delicious zero-sugar products that consumers love. With the best modern sweeteners in our portfolio, such as Bestevia® Rebs B, D, E, I, M, and N, and sweet proteins brazzein and thaumatin, along with our deep knowledge of flavor modulators and texturants, Sweegen delivers market-leading solutions that customers want, and consumers prefer. Well. Into the Future.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1996. Sweegen’s actual results may differ from the estimates, assumptions, and other illustrative material contained herein, and consequently, a reader should not rely on these forward-looking statements as predictions of future events. These forward-looking statements include, without limitation, illustrative information regarding Sweegen’s bottom-up assumed market potential, assumed hit rate, and the resulting revenue based on these model inputs. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Industry, Market, and Other Data
In this press release, we rely on and refer to information and statistics regarding market participants in the sectors in which Sweegen competes and other data. We obtained this information and statistics from our own internal estimates and third-party sources, including reports by market research firms and company filings. We do not expressly refer to these sources. All of this information involves a number of assumptions and limitations, and the sources of such information cannot guarantee the accuracy or completeness of such information. The industry in which Sweegen operates is subject to a high degree of uncertainty and risk due to a variety of important factors, any of which could cause results to differ materially from those expressed in the estimates made by Sweegen or third parties.

Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements, including, among other statements, statements regarding the future prospects for Reb M stevia leaf sweetener, brazzein, and thaumatin. These statements are based on current expectations, but are subject to certain risks and uncertainties, many of which are difficult to predict and beyond Sweegen’s control.

Relevant risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements and therefore should be carefully considered. Sweegen assumes no obligation to update any forward-looking statements as a result of new information or future events or developments.

Attachments

Ana Arakelian, Head of Public Relations and Communications
Sweegen
+1.949.709.0583
[email protected]

GlobeNewswire Distribution ID 8831913

Pakistan Manufactured 2.81 Million Mobile Phones in First 3 Months of 2023

Local manufacturing plants have manufactured/assembled 2.81 million mobile handsets during the first three months (January-March) of 2023 compared to 0.27 million imported commercially.

The official data suggests that local manufacturing plants have manufactured/assembled 0.46 million mobile handsets during March 2023 compared to 0.08 million imported commercially.

Local manufacturing plants manufactured/assembled 21.94 million mobile handsets during the calendar year 2022 compared to 24.66 million in 2021 i.e. registered a decline, attributable to issues in imports on account of restricting the opening of letters of credit (LCs).

Around 21.94 million mobile handsets were assembled during the calendar year 2022 – compared to 1.53 million commercially imported phones handsets, says the Pakistan Telecommunication Authority (PTA).

The locally manufactured/assembled 2.81 million mobile phones handsets included 2.24 million 2G and 0.67 million smartphones.

Besides, as per the PTA data, 56 percent of mobile devices are smartphones, and 44 percent are 2G on the Pakistan network.

The country imported mobile phones worth $ 462.701 million during the first nine months (July-March) of the current fiscal year 2022-23, registering a negative growth of 71.01 percent when compared to $ 1.596 billion during the same period of last year.

Pakistan’s mobile phone imports declined by 55.09 percent on a month-on-month (MoM) basis in March 2023 and stood at $14.846 million compared to imports of $ 33.054 million in February 2023, according to data released by the Pakistan Bureau of Statistics (PBS).

Mobile phone imports registered 91.93 percent negative growth on a year-on-year (YoY) basis in March 2023 when compared to $ 183.894 million in March 2022.

Source: Pro Pakistani