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COLOMBES, France - Wednesday, December 9th 2015 [ME NewsWire]

(BUSINESS WIRE)-- Oberthur Technologies (OT), a leading global provider of embedded security software products, services and solutions today announced the strengthening of its portfolio for the Austrian debit market by providing rechargeable debit cards integrating the Quick Electronic Purse loaded on OT’s latest contact and contactless cards.

This Austria-wide electronic purse service enables cashless micro payments at small retailers and vending machines. The card is inserted into a terminal or can be waved in front of it, if it is contactless. Then the customer confirms its purchase by pushing a button on the keypad. No need for a PIN code or signature.

In this project, OT provides its multi-applicative and contactless debit card, running the Quick application. This card enables cardholders to make micro payments, but can also feature other functionalities such as loyalty, transport and ac ... Read more »

While inaugurating the International Anti-Corruption Day Conference

ABU DHABI, United Arab Emirates - Wednesday, December 9th 2015 [ME NewsWire]

Under the patronage of Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, Lt. General Saif Abdullah Al Sha’far, Undersecretary at the Ministry of Interior, inaugurated the International Anti-Corruption Day Conference, which is organized by the Anti-Corruption Department at the Abu Dhabi Police, at the St. Regis Hotel on the Corniche in Abu Dhabi, in cooperation with the United Nations Office on Drugs and Crime (UNODC).

In his welcome speech at the opening ceremony, the Undersecretary at the Ministry of Interior conveyed the greetings of Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, to all participants at the conference as well as his wishes of success. Lt. General Al Sha&r ... Read more »

MUREX ANNOUNCES A NEW ENTERPRISE SOLUTION FOR SA-CCR AS PART OF ITS MX.3 RISK AND REGULATORY SUITE 

PARIS - Thursday, December 10th 2015 [ME NewsWire]

(BUSINESS WIRE)-- Murex, the leading provider of Trading, Risk management and Processing solutions, announces a packaged solution for the Standard Approach for Counterparty Credit Risk (SA-CCR) under Basel III.

The solution is version-independent, and its rapid configuration-based implementation will help clients secure the 1 January 2017 deadline for the new rule and provide them with the flexibility to adapt to evolving regulatory requirements.

MX.3 SA-CCR solution delivers Exposure at Default (EAD), as outlined in BCBS 279.

It can be used in a number of regulatory reporting calculations, such as Risk Weighted Assets (RWAs) for counterparty credit risk, Credit Value Adjustment (CVA) capital, CCP risk charge or large exposures. The solution covers trading book positions across all derivati ... Read more »

Company to begin Propulsion Open Air Test in first quarter 2016 on 50 acre site in Apex Industrial Park; Working in Conjunction with the State of Nevada, Governor Sandoval and the Office of Economic Development, and the City of North Las Vegas, Mayor Lee and team.

LOS ANGELES - Wednesday, December 9th 2015 [ME NewsWire]

(BUSINESS WIRE)-- Hyperloop Technologies Inc. announced today that the company has entered into agreements to locate their Propulsion Open Air Test (POAT) on an approximately 50 acre site it has secured in the Mountain View Industrial Park in Apex Industrial Park in the City of North Las Vegas, Nevada. Hardware will begin arriving this month, and testing is expected to begin early first quarter 2016.

“This decision represents another major milestone in our journey to bring Hyperloop to commercial reality,” said Rob Lloyd, CEO, Hyperloop Technologies, Inc. “Hyperloop Technologies will invest first in regions where we receive g ... Read more »

INGELHEIM, Germany - Tuesday, December 8th 2015 [ME NewsWire]

    First person enrolled in the SENSCIS™ (Safety and Efficacy of Nintedanib in Systemic SClerosIS) study investigating nintedanib in people with systemic sclerosis who also develop interstitial lung disease (SSc-ILD)
    Phase III trial is now open for recruitment
    After demonstrating that nintedanib slows disease progression in idiopathic pulmonary fibrosis, Boehringer Ingelheim is expanding its research with nintedanib into other serious fibrotic lung conditions that arise in association with rare diseases like systemic sclerosis

(BUSINESS WIRE)-- Boehringer Ingelheim announced today that the first person has been enrolled in the SENSCIS™ (Safety and Efficacy of Nintedanib in Systemic SClerosIS) study. The global Phase III trial, which is now open for recruitment, is investigating the efficacy and safety of nintedanib in people with ... Read more »

GAITHERSBURG, Md. - Tuesday, December 8th 2015 [ME NewsWire]

For businesses with up to 1,000 users the new SmartNode OpenScape Business Appliance offers an affordable, easy-to-implement, state-of-the-art Unified Communications solution in a single device.

SmartNode VoIP... more than just talk!

(BUSINESS WIRE)-- Patton Electronics—US-manufacturer of award-winning SmartNode™ VoIP solutions, CopperLink™ Ethernet Extenders, and BODI rS™ High Availability Fixed & Mobile Internet Routers—has partnered with Unify to address the global small-to-medium business (SMB) market requirement for appropriately-scaled unified communications (UC) solutions.

The two companies have collaborated to produce the SmartNode OpenScape Business Appliance (SN-OSB), a single-device UC solution designed for businesses with up to 1,000 users that is fast and easy for smaller company’s IT staff to implement.

While many smaller companie ... Read more »

CHENNAI, India - Tuesday, December 8th 2015 [ME NewsWire]

(BUSINESS WIRE)-- Ashok Leyland, flagship of the Hinduja Group, signed a contract with the government of Cote D’Ivoire for 3600 vehicles worth $200Mn. This contract is being funded by EXIM Bank of India and is pending final clearance from respective governments. The vehicles, which include trucks and buses, will be delivered over the next 12 months.

Speaking at the occasion, Mr. Vinod K. Dasari, Managing Director, Ashok Leyland said, “I am proud that the Government of Cote D'Ivoire has chosen products from Ashok Leyland, well-renowned for their reliability and quality. This is the largest contract for this country with any firm in India, and also represents the largest such contract till date for the Company. We are proud to be partnering with the visionary government of Cote D'Ivoire, and look forward to building this as a base for further growth in West Africa. I also would like to acknow ... Read more »

ABU DHABI, United Arab Emirates - Wednesday, December 9th 2015 [ME NewsWire]

Within the ongoing framework to organize educational programs for all segments of society, the Social Support Centers Department at the Abu Dhabi Police General Headquarters organized a lecture at the Halima Al Sa'diah School regarding the impacts of relying on domestic help to raise children.

Aisha Nasr, a specialized psychologist from the Social Support Center in Abu Dhabi, held the lecture for both parents and educational institutions. In the lecture, she highlighted the mother’s essential role in a child’s upbringing in religious, social, and psychological aspects. As she discussed the reasoning behind a family’s decision to rely on domestic help, she also pointed out the detrimental effects that follow suit.

“Significantly relying on domestic help to raise a child negatively impedes the child’s linguistic development,” Aisha Nasr said; als ... Read more »

NEW YORK - Wednesday, December 9th 2015 [ME NewsWire]

(BUSINESS WIRE)-- Scepter Partners, a direct investment and merchant banking specialist for sovereign wealth and large cap family offices, signaled its interest in acquiring new financial services businesses as part of its planned future business development. Regarding this new strategic direction, Group Executive Chairman and CEO Rayo Withanage commented, “While several of the large banks are selling off their non-core assets, Scepter is particularly attracted to markets such as Switzerland, Monaco and the Caribbean. We are also interested in seeding or acquiring alternative asset management businesses with a focus in Hedge Funds."

Scepter, which is supported by $14 billion of discretionary assets which have been allocated by its core stakeholders to support future activities, is exploring the purchase of an existing bank or the formation of a new banking entity. The Group sees this initiative as the n ... Read more »

FARMINGDALE, N.Y - Wednesday, December 9th 2015 [ME NewsWire]

(BUSINESS WIRE)-- Mahindra Defence Systems, a Mahindra Group Company, and Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced today that Telephonics has increased its equity interest in their Joint Venture (JV), Mahindra Telephonics Integrated Systems (MTIS), from 26% to 49%. Telephonics is the first U.S. defence and aerospace contractor to receive approval from the Indian Foreign Investment Promotion Board (FIPB) to increase its stake in an Indian defence company to 49%.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151208005942/en/

MTIS established its manufacturing and development facility in Prithla, south of New Delhi, India, in December 2013. After an initial set-up, recruitment and employee training period, MTIS now manufactures airborne weather radars and communication equipment. T ... Read more »

 Arthur D. Little’s Digital Transformation Index reveals that 80% of surveyed companies are lagging behind 

LONDON - Wednesday, December 9th 2015 [ME NewsWire]

(BUSINESS WIRE)-- From logistics and manufacturing to consumer goods and entertainment, every major industry is grappling to respond to the realities of an on-demand, personalized digital economy. Despite CEOs and strategists working around the clock to realign their businesses to embrace digitalization, a new global study from Arthur D. Little (ADL) reveals that the majority of corporations still underestimate the risks of failing to keep pace with a rapidly digitizing economy, and feel ill-equipped to make a holistic digital transformation.

In The 2015 Digital Transformation Study, ADL found that although front-runners have emerged, most companies still take a piecemeal approach to digital transformation. Companies struggle to fully embrace digitalization because of lagging adoption i ... Read more »