Hayya Ilal Arabiah Programme

Towards achieving an outstanding generation, the Co-Curriculum Division, Department of Islamic Studies, Ministry of Religious Affairs continues the Hayya Ilal Arabiah Programme. The inauguration of the programme was held yesterday morning at the Raja Isteri Pengiran Anak Hajah Saleha Girls Arabic Religious Secondary School.

 

The programme was officiated by Awang Haji Mohammad Rosli bin Haji Ibrahim, Permanent Secretary at the Ministry of Religious Affairs. The ceremony continued with the prizes presentation to the participants. The programme included the Masterchef competition, Cultural Exhibition and Bazaar. The programme, which is implemented on a rotating basis, aims to strengthen Arabic speaking skills.

 

 

Source: Radio Television Brunei

Youth Leadership Exchange Programme Closing Ceremony

The special relationship and friendship forged between the young leaders of Brunei Darussalam and Singapore through Singapore-Brunei Youth Leadership Exchange Programme, SBYLEP, has continued to grow from strength to strength since its first edition in 2014. This was stated by the Minister of Culture, Youth and Sports at the Closing Ceremony of 8th SBYLEP held virtually, yesterday afternoon at The Garden’s Veranda.

 

Yang Berhormat Dato Seri Setia Awang Haji Nazmi bin Haji Mohammad hoped that all the young leaders will continue to play their roles in strengthening the solidarity and friendship that has long been instrumental in the special relations between both countries.

 

The ceremony continued with sharing of the outcomes of Reflection Sessions and Dialogue on the youths suggestions as to how both countries can move forward in tackling key issues impacting youths.

 

30 participants of the programme received their certificates presented by Awang Haji Zakaria bin Haji Serudin, Permanent Secretary for Youth at the Ministry of Culture, Youth and Sports, and Dayang Hajah Nor Ashikin binti Haji Johari, Permanent Secretary for Community at the Ministry of Culture, Youth and Sports. The programme is co-organised by the Ministry of Culture, Youth and Sports and the National Youth Council under the Ministry of Culture, Community and Youth, Republic of Singapore and conducted by the Brunei Youth Council as a strategic partner.

 

Source: Radio Television Brunei

Health Care Plan Sharing

In the keynote address on the Malaysian Health White Paper, Sustainable and Empowered Health Care Reform, the former Health Minister of Malaysia and Co-Chairman of the Malaysian Health White Paper Advisory Council touched on the four pillars of the reform.

 

Tan Sri Doctor Subramaniam also shared, the country’s Ministry of Health’s digitalization strategic plan that focuses on several key areas. Present was Yang Berhormat Dato Seri Setia Doctor Awang Haji Mohammad Isham bin Haji Jaafar, Minister of Health. Also present was Dato Seri Paduka Awang Haji Khairuddin bin Haji Abdul Hamid, Deputy Minister of Finance and Economy. Over 60 speakers from various backgrounds shared their perspectives and views on various topics of discussion as well as experiences from the COVID-19 pandemic.

 

Source: Radio Television Brunei

Discussion on the Role of Healthcare System

The pandemic COVID-19 has affected all corners of the world, with impacts differing based on resilience of each country’s health system. It has highlighted the roles that health system resilience, cross-border coordination and collaboration, and digital health technologies can play in lessening the toll of public health emergencies. The matter was shared by the panel members at the ASEAN Digital Public Health Conference yesterday afternoon.

 

Yang Berhormat Dato Seri Setia Doctor Awang Haji Mohd Isham bin Jaafar, Minister of Health at the session emphasised on the digitalisation of electronic medical report, BruHealth during the outbreak of the COVID-19 to make it relatively easy to control the outbreak. With a focus on regional collaboration, cross-learning, research and digitalisation in enabling more informed policymaking in healthcare, the conference aims to spearhead holistic discussions on the benefits, risks and challenges associated with the adoption of artificial intelligence and digital technologies in health care.

 

Source: Radio Television Brunei

ASEAN Defence Ministers’ Meeting Retreat

The ASEAN Defence Ministers’ Meeting, ADMM Retreat convened at the Sokha Siem Reap Resort & Convention Center in Siem Reap, Kingdom of Cambodia.

Leading the Brunei Darussalam’s delegation was Yang Berhormat Pehin Datu Lailaraja Retired Major General Dato Paduka Seri Haji Awang Halbi bin Haji Mohd Yussof, Minister at the Prime Minister’s Office. This year’s Retreat carriers the theme ‘Defence Cooperation to Strengthen Solidarity for Harmonised Security’.

Two informal meetings were held at the sidelines of the ADMM Retreat, namely the ASEAN-United States Defence Ministers’ Informal Meeting AND the ASEAN-India Defence Ministers’ Informal Meeting. A bilateral meeting was also held between Brunei Darussalam and the Kingdom of Cambodia.

 

Source: Radio Television Brunei

BSM Chairman’s Award 2022 Presentation

His Royal Highness Prince Haji Al-Muhtadee Billah ibni His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah, the Crown Prince and Senior Minister at the Prime Minister’s Office attended the Brunei Shell Marketing, BSM Chairman’s Awards 2022. The ceremony took place last night at the Empire Brunei. At the ceremony, His Royal Highness the Crown Prince presented the awards to the recipients.

Upon arrival, His Royal Highness was greeted by Yang Berhormat Dato Seri Setia Doctor Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister’s Office and Second Minister of Finance and Economy; and Awang Muhammad Norshafiee bin Dato Paduka Haji Abdul Jalil, BSM Managing Director.

Doa selamat was read by Yang Berhormat Pehin Orang Kaya Paduka Seri Utama Dato Paduka Seri Setia Haji Awang Salim bin Haji Besar.

In his welcoming remark, BSM’s Managing Director among others touched on the challenges faced by the country in two years. But under the leadership of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam, the Government and the public have worked tirelessly to survive from the pandemic and join hands with all countries in the world towards social or economic recovery.

The ceremony was followed by the announcement of the award categories and their candidates by Awang Hairul Shahri, Sales and Marketing Manager of BSM.

His Royal Highness presented nine categories award to the winners.

The Best LPG Operational Excellence category was won by Muara Gas Company;

The Most Improved Retail Operational Performance award was won by the Pekan Muara Sendirian Berhad Fuel Station;

Perusahaan Cahaya Pakatan Tutong Fuel Station won the Best Retail Operational Excellence category;

Best Retail Service Champion was won by Dayang Noorazaimah Haji Ibrahim from Shahryza Bunut Fuel Station;

Milestone Award was won by TK Asco Enterprise;

NBT Brunei Sendirian Berhad won the Highest Lubricant Business Growth and Best Corporate Social Responsibility Programme Categories;

 

Meanwhile, Boustead Sendirian Berhad won the Best Operational Excellence and Best Marketing Campaign categories.

Organised for the first time by BSM, such an event is an opportunity for the company to foster collaboration and encourage dialogue between parties in the BSM ecosystem.

 

Source: Radio Television Brunei

Jeito Capital co-leads EUR 50 million financing in CatalYm, a clinical-stage biopharma company developing novel immunotherapies for patients with cancer

 Jeito Capital co-leads EUR 50 million financing in CatalYm, a clinical-stage biopharma company developing novel immunotherapies for patients with cancer

  • Jeito Capital co-leads oversubscribed EUR 50 million Series C financing with Brandon Capital
    • CatalYm is developing a new class of anti-cancer immunotherapies, which have already demonstrated initial promising clinical results in advanced-stage solid tumor patients
    • Jeito Capital strengthens its strong and diversified portfolio with first German investment

Paris, France, November 22nd 2022 – Jeito Capital (“Jeito”), a leading independent international private equity firm dedicated to healthcare and biopharma, announced today that it has co-led a EUR 50 million Series C financing round in CatalYm, a clinical-stage biopharmaceutical company developing novel immunotherapies to fight cancer. The oversubscribed financing was co-led by Brandon Capital with participation from existing investors Forbion, Novartis Venture Fund, Vesalius Biocapital III, Bayern Kapital, BioGeneration Ventures, and Coparion. CatalYm was founded in 2016 as a spin-off from Würzburg University and is based in Munich (Germany).

CatalYM’s lead candidate, visugromab is a humanized monoclonal antibody engineered to neutralize the tumor-produced Growth Differentiation Factor-15 (GDF-15). It is currently in Phase 2 clinical studies in patients with solid tumors that are relapsed/refractory to prior anti-PD1/-PD-L1 treatment. GDF-15 acts as a key regulator of immune cell activation and as an inhibitor of immune cell infiltration into the tumor tissue.

Proceeds from the financing will primarily be used to expand the Phase 2 clinical development program of visugromab. This expansion is based on convincing efficacy and durability results in advanced, last-line patients in Phase 1 and continued positive clinical responses in the ongoing GDFATHER-2 trial (GDF-15 Antibody-mediaTed Human Effector cell Relocation Phase 2). The expanded Phase 2 clinical studies will enroll patients at clinical centers in Europe and the United States.

Jeito selected CatalYm in line with its investment strategy to support the development of the most promising European Biopharma with growth and acceleration potential. Dr. Andreas Wallnoefer, Partner at Jeito Capital will join CatalYM’s Board of Directors.

Throughout 2022, Jeito has continued to build a portfolio of innovative companies across diverse therapeutic areas and across stages of development with the strong potential to improve the lives of patients. With CatalYm, Jeito makes its first investment in Germany, which has a very dynamic and internationally recognized biopharma ecosystem. Jeito closed its Jeito I fund at €534 million in September 2021 and has to date invested in high-quality biopharma companies with the potential to become market leaders in France, Belgium, Denmark, Switzerland, the UK and the US.

Dr Rafaèle Tordjman, MD, PhD, Founder and CEO of Jeito, commented: “We are thrilled to co-lead this new round of financing in CatalYm to further accelerate its clinical development and support its world leading research for the benefit of severely ill patients with no satisfying therapeutic solution. Jeito is committed to supporting and accelerating the development of the most promising European biopharma companies. CatalYm has the potential of growth and acceleration for patients, which is a core value for Jeito. Jeito selected this clinical stage company that has a promising new therapy approach to treat cancer, which has already demonstrated the first clinical signs of activity for severe relapsed patients. We look forward to working with the experienced CatalYm team.”

Dr. Andreas Wallnoefer, Partner at Jeito, added: “Visugromab has shown promising results in enhancing the immune response to fight cancer in its first clinical trials, resulting in several impressive responses in patients with advanced tumors and last line treatments. The drug has great potential to improve patients’ lives and become part of cancer immune therapy regimens given its important efficacy profile and good tolerability.”

Dr. Phil L’Huillier, Chief Executive Officer at CatalYm, concluded: “The success of our Series C financing, based on strong clinical data, is a further validation that visugromab is emerging as a new anti-cancer immunotherapeutic drug with the potential to transform the immuno-oncology landscape. We deeply value the commitment of our new and existing investors, which will enable further clinical development moving our lead program towards pivotal studies.”

About Jeito Capital

Jeito Capital is a global leading investment company with a patient benefit driven approach that finances and accelerates the development and growth of ground-breaking medical innovation. Jeito empowers and supports entrepreneurs through its expert, integrated, multi-talented team and through the investment of significant capital to ensure the growth of companies, building market leaders in their respective therapeutic areas with accelerated patients’ access globally, especially in Europe and the United States. Jeito Capital has €534 million under management and a rapidly growing portfolio of investments. Jeito Capital is based in Paris with a presence in Europe and the United States.

@Jeito_lifeLinkedInFor more information, please visit www.jeito.life, or follow @Jeito_life on Twitter or LinkedIn.
About CatalYm

CatalYm has identified GDF-15 as a central regulator of the immune system in the tumor microenvironment. We are pioneering the reversal of GDF-15-mediated immunosuppression to induce a potent antitumoral immune reaction in non-responsive tumors. CatalYm’s lead program visugromab is poised to demonstrate clinical proof-of-concept in multiple solid tumor indications which will expand the treatment horizon for current and future immunotherapies.

About visugromab (CTL-002)

Visugromab, formerly known as CTL-002, is a humanized, monoclonal antibody designed to neutralize the tumor-produced Growth Differentiation Factor-15 (GDF-15). GDF-15 secretion by the tumor has been shown to prevent T cell migration into the tumor and suppresses T cell function and the adaptive immune response in the tumor microenvironment. This enables the tumor to evade the immune system and become resistant to standard of care and current immunotherapy approaches such as checkpoint inhibitors. Visugromab counteracts these immuno-suppressive mechanisms by neutralizing GDF-15, enhancing the infiltration of immune cells into the tumor, improving both priming of T cells by dendritic cells and tumor killing by T cells and NK cells.

For further information please contact:

Jeito Capital
Rafaèle Tordjman
Assia Mouhout, EA
assia@jeito.life
Tel : +33 6 76 49 37 94

Consilium Strategic Communications Mary-Jane Elliott / Davide Salvi / Kris Lam
Jeito@consilium-comms.com
Tel: +44 (0) 20 3709 5700

Marion Bougeard
marion@achto-conseil.fr
Tel : +33 6 76 73 57 31

CatalYm GmbH
Dr. Phil L’Huillier, CEO
info@catalym.com

Trophic Communications
Dr. Stephanie May
Phone: +49 171 185 56 82
catalym@trophic.eu

GlobeNewswire Distribution ID 1000768212

Poste Italiane: Del Fante, Product Portfolio Completed in 5 Years, Increasingly Focused on the Customer

ROME, Nov. 22, 2022 (GLOBE NEWSWIRE) — CEO of Poste Italiane speaks to TGPoste, record results thanks to contribution of all business units.

Over the past five years, the transformation of Poste Italiane has been completed with the expansion of the product portfolio as part of an omnichannel strategy; now the time has come to reach out to customers and meet their every need. In an interview with TGPoste, CEO Matteo Del Fante outlined the path for the coming months, as he revealed that the Group’s operating margin has risen to an all-time high.

“Our strategic guidelines,” Del Fante explained, “have been the same since 2018,” the year in which the Deliver 2022 Business Plan was presented, the first plan signed by Del Fante. “In these five years, we have expanded the range of products available to our customers. Our mission is to give them the very best service.”

The CEO of Poste Italiane also commented on the excellent financial results of the first nine months of 2022, which the company presented today: “All our business units have made an important positive contribution. In these years characterised by the pandemic, we have had foresight and managed to develop plans that take into account our role in the country’s system. We have taken our responsibilities and become a better company.” Del Fante recalled that the expansion of Poste Italiane’s product portfolio included optical fiber, which made its market debut in 2021, and will soon include a new electricity and gas package, which will make its market debut in the first quarter of 2023.

For more information:
LaPresse SpA Communication and Press Office Director

Barbara Sanicola barbara.sanicola@lapresse.it

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c94a2a18-cb17-4a1c-8fe1-5249a92ef846

GlobeNewswire Distribution ID 8701665

Teledyne DALSA announces its new line of high-performance X-ray detectors at RSNA 2022

New Axios IGZO-based X-ray detectors deliver an unrivaled balance of performance and value

Axios X-ray detectors

New Axios X-ray detectors from Teledyne deliver an unprecedented balance of performance and value

WATERLOO, Ontario, Nov. 22, 2022 (GLOBE NEWSWIRE) — Teledyne DALSA is pleased to announce its presence at the RSNA 2022 Technical Exhibition with a new offering of X-Ray detectors based on Indium Gallium Zinc Oxide (IGZO) in addition to their premium line of CMOS-based detectors. The show takes place November 27 – December 1, Chicago, IL. Teledyne will exhibit its full line of detectors in booth #3709.

Teledyne will introduce its breakthrough line of X-ray detectors that narrows the gap between amorphous silicon and CMOS-based detectors at RSNA 2022. The new Axios flat panel detector series, designed and manufactured entirely by Teledyne, are based on an innovative IGZO technology, proprietary new image chain and use the highest performance components. The Axios product line is engineered to deliver an unprecedented balance of performance and value, while addressing the needs of the most demanding real-time applications for diagnostic and interventional imaging like orthopedics, vascular cardiology and surgery. The high image quality performance of the Axios detectors will enable better diagnosis of medical anomalies and better procedure outcomes, resulting in reduced treatment costs.

“Axios detectors exceed industry benchmarks in current TFT detector technologies by providing artifact-free images at higher speeds and higher DQE at low dose operation with lower lag and an increased signal-to-noise ratio,” said Mila Heeman, Marketing Manager for Teledyne DALSA’s X-Ray Solutions business unit. “The Axios detectors produce high performance 2D and 3D imaging at a considerably lower cost than the premium CMOS technology detectors. We are happy to offer more affordable, high-performance X-ray imaging bearing the Teledyne stamp of excellence in product quality and customer support.”

On display will be also the Teledyne’s Xineos CMOS X-Ray detector series – a superior performance family of detectors that deliver unsurpassed low dose and lag-free image quality, combined with easy integration and long reliable lifetime. These detectors provide the best digital imaging solution for challenging surgical situations — where all other technologies stop working, Teledyne’s CMOS goes the extra mile. Teledyne has a full portfolio of CMOS detectors in a wide range of detector sizes and resolutions for demanding x-ray imaging applications such as surgery, 2D and 3D mammography, extra oral dental, CBCT and others.

About Teledyne DALSA’s Healthcare Products and Services
Teledyne DALSA provides state-of-the-art image sensing, capture and processing solutions to medical, dental and scientific equipment manufacturers. Building on more than 30 years of proven capability and innovation, our team of imaging specialists delivers leading-edge product design. Our manufacturing processes are tailored to comply with the stringent quality, reliability, and traceability requirements of the medical and scientific X-ray community. For more information, visit http://teledynedalsa.com/imaging/markets/medical/

Media Contact:
Geralyn Miller
geralyn.miller@teledyne.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe50b5a8-c2fb-4a26-9188-a39f0ca35b74

GlobeNewswire Distribution ID 8701085

Junshi Biosciences Announces Approval of Supplemental Application for Additional Indications of Adalimumab Injection

SHANGHAI, China, Nov. 22, 2022 (GLOBE NEWSWIRE) — Shanghai Junshi Biosciences Co., Ltd (“Junshi Biosciences”, HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced today that the supplemental application for additional indications of adalimumab injection (project code: UBP1211, trade name: 君邁康®) for the treatment of Crohn’s disease, uveitis, polyarticular juvenile idiopathic arthritis, plaque psoriasis in children and Crohn’s disease in children has been approved by the National Medical Products Administration (“NMPA”).

Tumor necrosis factor-α (TNF-α) is secreted by macrophages, mast cells and activated Th cells. It is a potent inducer of inflammatory response and a key regulator of innate immunity, playing a key role in the occurrence and development of various inflammatory conditions. The binding of TNF-α to TNF-α receptors can induce inflammatory responses, and it has been proven that rheumatoid arthritis, psoriasis, Crohn’s disease, ankylosing spondylitis and many other autoimmune diseases are closely related to TNF-α. Anti-TNF-α monoclonal antibodies can bind to TNF-α receptors and reduce the immune response activated by TNF-α, thereby preventing the occurrence of inflammation.

君迈康 is jointly developed by Junshi Biosciences and Mabwell (Shanghai) Bioscience Co., Ltd. In March 2022, its indications including rheumatoid arthritis, ankylosing spondylitis and psoriasis were approved by the NMPA.

“We are very pleased with the rapid commercialization of 君迈康—since its clinical use less than a year ago, it has already been approved for 8 indications and become one of the domestic adalimumab with the most indications approved in the nation,” said Dr. Ning Li, CEO of Junshi Biosciences. “We will continue collaborating with Mabwell Biosciences to provide more treatment options for a wider range of patients with autoimmune diseases, including children and adults with specific diseases, and further the Healthy China Innitiative with our dedicated efforts.”

“It was wonderful to see 君迈康 achieve 5 indication approvals all at once within a relatively short amount of time,” said Dr. Datao Liu, co-founder and CEO of Mabwell Bioscience. “To this day, many patients in China are still suffering from autoimmune diseases, which severely affect their physical functions and quality of life. The extension of 君迈康’s indications will further benefit patients in China as well as the rest of the world, providing them with treatment options that are both more effective and accessible.”

About Uveitis
Non-infectious intermediate, posterior or panuveitis (NIIPPU) is a group of immune-mediated intraocular inflammatory diseases that may cause complications such as synechia, glaucoma, cataracts, macular edema and retinopathy in patients, causing impaired vision or even blindness, and usually co-occurs with immune-mediated systemic diseases such as psoriasis and ankylosing spondylitis. According to the epidemiological research data in mainland China, its incidence rate is 152/100,000, and the incidence peaks at 24 to 44 years old.

About Crohn’s Disease
It is a chronic and relapsing inflammatory gastrointestinal disease, which is categorized as inflammatory bowel disease (IBD) together with ulcerative colitis (UC). In China, the prevalence rate of Crohn’s disease is 2.29/100,000, the average incidence rate is 1.21/100,000, and it is showing a rapid upward trend. There is currently no complete cure for Crohn’s disease. The goal of treatment is to induce and sustain remission, prevent complications, and improve quality of life.

About Crohn’s Disease in Children
According to statistics, 25% to 30% of all IBD patients in the world are children, of which Crohn’s disease accounts for the vast majority, and its incidence rate has been increasing year by year.

About Polyarticular Juvenile Idiopathic Arthritis
Juvenile idiopathic arthritis is a common rheumatic disease in childhood, with chronic joint synovitis as its main symptom. Accompanied by systemic multiple organ dysfunction, it is also an important cause of childhood disability and blindness. Polyarticular juvenile idiopathic arthritis is the most common subtype of juvenile idiopathic arthritis, accounting for about 18% to 30%.

About Plaque Psoriasis in Children
Pediatric psoriasis is an immune-mediated chronic, recurrent, inflammatory, systemic disease that occurs in children. Different populations, races, and genders are equally susceptible, and about 1/3 of patients have onset of psoriasis in childhood. The common type of psoriasis in older children is plaque psoriasis (75%), followed by guttate psoriasis (15% to 30%) and generalized pustular psoriasis (1% to 5.4%).

About Junshi Biosciences
Founded in December 2012, Junshi Biosciences (HKEX: 1877; SSE: 688180) is an innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of innovative therapeutics. The company has established a diversified R&D pipeline comprising over 50 drug candidates, with five therapeutic focus areas covering cancer, autoimmune, metabolic, neurological, and infectious diseases. Junshi Biosciences was the first Chinese pharmaceutical company that obtained marketing approval for anti-PD-1 monoclonal antibody in China. Its first-in-human anti-BTLA monoclonal antibody for the treatment of various cancers was the first in the world to be approved for clinical trials by the FDA and NMPA and has since entered Phase Ib/II trials in both China and the US. Its anti-PCSK9 monoclonal antibody was the first in China to be approved for clinical trials by the NMPA.

In the face of the pandemic, Junshi Biosciences’ response was strong and immediate, joining forces with Chinese and international scientific research institutions and enterprises to develop an arsenal of drug candidates to combat COVID-19, taking the initiative to shoulder the social responsibility of Chinese pharmaceutical companies by prioritizing and accelerating COVID-19 R&D. Among the many drug candidates is JS016 (etesevimab), China’s first neutralizing fully human monoclonal antibody against SARS-CoV-2 and the result of the combined efforts of Junshi Biosciences, the Institute of Microbiology of the Chinese Academy of Science and Lilly. JS016 administered with bamlanivimab has been granted Emergency Use Authorizations (EUA) in over 15 countries and regions worldwide. Meanwhile, VV116, a new oral nucleoside analog anti-SARS-CoV-2 drug designed to hinder virus replication, is in global Phase III clinical trials. The JS016 and VV116 programs are a part of the company’s continuous innovation for disease control and prevention of the global pandemic.

Junshi Biosciences has more than 3,100 employees in the United States (San Francisco and Maryland) and China (Shanghai, Suzhou, Beijing and Guangzhou). For more information, please visit: http://junshipharma.com.

Junshi Biosciences Contact Information
IR Team:
Junshi Biosciences
info@junshipharma.com
+ 86 021-6105 8800

PR Team:
Junshi Biosciences
Zhi Li
zhi_li@junshipharma.com
+ 86 021-6105 8800

GlobeNewswire Distribution ID 8701606

Simplifying aircraft parts’ procurement – how Locatory.com runs a well-oiled online marketplace

VILNIUS, Lithuania, Nov. 21, 2022 (GLOBE NEWSWIRE) — With 12 years of market experience under its belt already, Locatory.com is not slowing down. The aviation marketplace for aircraft spare parts and repair capabilities and a family member of Avia Solutions Group, leaders in end-to-end capacity solutions for passenger and cargo airlines worldwide, is talking about its place in the aviation industry and growth plans.

Since its development in 2010, Locatory.com has become one of the leading premium aircraft parts marketplaces in the world, with the userbase growing 20% each month. “We have been seeing steady growth for a few years now,” shared Toma Matutyte, CEO of Locatory.com. “This increase in clientele interest has been driven by the continuous expansion of our spare parts database. Each month it grows by 15% allowing for a wider variety of parts available. And with cost optimization and sustainability on everyone’s mind, the secondary aviation parts market is becoming an increasingly attractive opportunity. In 2022, we have received 5 times more RFQs (Request for Quotes) when compared to last year and are expecting this trend to continue into the next year.”

As a tool for simplified procurement of spare parts, Locatory.com is deeply invested in the digitalisation of the process. “Our mission is to connect aircraft parts’ buyers and sellers, through seamless transactions via an innovative platform that enables our customers to find, buy, and sell aircraft parts or repair services in commercial, OEM, MRO, military, and general aviation segments across the globe,” she explained. “We are focusing on innovation and efficiency therefore we have already successfully introduced a range of innovative features to our marketplace. Amber, the A.I.-based assistant, being one of them.”

Running a well-oiled online marketplace is not an easy task, thus having a strong team behind you is a must. “We have a truly global team, with people from over 10 countries sharing ideas and expertise in improving the company. We have been steadily expanding by around 15 % each month and there are no plans of slowing down,” she said.

By keeping innovation and optimisation as the main driving factors, Locatory.com is constantly working on keeping up and surpassing the ever-changing aviation industry needs. “Improving spare aircraft parts procurement processes can positively impact the whole aviation industry thus we will continue creating tools to do so,” said Toma Matutyte.

Vilma Vaitiekunaite
Chief Communications Officer
Cell: +37061112789
E-mail: Vilma.Vaitiekunaite@aviasg.com


GlobeNewswire Distribution ID 1000768118