AirMedia Granted Wi-Fi Concession Right on Ordinary Trains Operated by Shanghai Railway Bureau

BEIJING, April 9, 2015 /PRNewswire/ — AirMedia Group Inc. (“AirMedia” or the “Company”) (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced that Guangzhou Meizheng Advertising Co., Ltd. (“Meizheng”), one of its consolidated entities in which AirMedia has 63.2% of the equity interest, has recently won a bidding and has entered into a concession agreement (the “Concession Agreement”) with Shanghai Railway Culture and Advertising Development Co., Ltd., pursuant to which Meizheng has been granted the exclusive right to install and operate Wi-Fi systems on ordinary trains operated by Shanghai Railway Bureau. As of the time of execution of the Concession Agreement, Shanghai Railway Bureau had 147 groups of ordinary trains.

Shanghai Railway Bureau had 275 million passengers on its high-speed trains and 175 million passengers on its ordinary trains in 2014.

Before obtaining the aforementioned concession right, AirMedia was granted concession rights to install and operate Wi-Fi systems on the high-speed trains operated by Beijing Railway Bureau, Shanghai Railway Bureau and Guangzhou Railway (Group) Corporation, with which AirMedia established a leading position in Wi-Fi services on high-speed trains in China, in terms of the number of high-speed trains on which it has concession rights to operate on-train Wi-Fi systems. In addition, AirMedia also holds the concession rights to install and operate Wi-Fi systems on ordinary trains operated by Xinjiang Railway Bureau.

“In addition to the developments we have made on high-speed trains, we also intend to obtain a leading position in Wi-Fi services on ordinary trains in China. We believe there will be tremendous business opportunities when hundreds of millions of passengers use our Wi-Fi services when they travel. We have been doing technical test of Wi-Fi services on ordinary trains operated by Xinjiang Railway Bureau since late January 2015. With the test results and experience, we expect to install and operate Wi-Fi services on more ordinary trains and high-speed trains in 2015, as well as to start monetizing this unique Wi-Fi gateway and platform,” commented Mr. Herman Guo, chairman and chief executive officer of AirMedia.

About AirMedia Group Inc.

AirMedia Group Inc. (Nasdaq: AMCN) is a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers. AirMedia operates the largest digital media network in China dedicated to air travel advertising. AirMedia operates digital frames in most of the 30 largest airports in China. In addition, AirMedia sells advertisements on the routes operated by seven airlines, including the four largest airlines in China. In selected major airports, AirMedia also operates traditional media platforms, such as billboards and light boxes, and other digital media, such as mega-size LED screens.

In addition, AirMedia has obtained exclusive contractual concession rights until the end of 2020 to develop and operate outdoor advertising platforms at Sinopec’s service stations located throughout China.

For more information about AirMedia, please visit http://www.airmedia.net.cn.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “confident” and similar statements. Among other things, the Business Outlook section and the quotations from management in this announcement, as well as AirMedia Group Inc.’s strategic and operational plans, contain forward-looking statements. AirMedia may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about AirMedia’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to: if advertisers or the viewing public do not accept, or lose interest in, AirMedia’s air travel advertising network, AirMedia may be unable to generate sufficient cash flow from its operating activities and its prospects and results of operations could be negatively affected; AirMedia derives most of its revenues from the provision of air travel advertising services, and any slowdown in the air travel advertising industry in China may materially and adversely affect its revenues and results of operations; AirMedia’s strategy of expanding its advertising network by building new air travel media platforms and expanding into traditional media in airports may not succeed, and its failure to do so could materially reduce the attractiveness of its network and harm its business, reputation and results of operations; if AirMedia does not succeed in its expansion into gas station, in-flight internet services and in-air multimedia platform or other outdoors media advertising, its future results of operations and growth prospects may be materially and adversely affected; if AirMedia’s customers reduce their advertising spending or are unable to pay AirMedia in full, in part or at all for a period of time due to an economic downturn in China and/or elsewhere or for any other reason, AirMedia’s revenues and results of operations may be materially and adversely affected; AirMedia faces risks related to health epidemics, which could materially and adversely affect air travel and result in reduced demand for its advertising services or disrupt its operations; if AirMedia is unable to retain existing concession rights contracts or obtain new concession rights contracts on commercially advantageous terms that allow it to operate its advertising platforms, AirMedia may be unable to maintain or expand its network coverage and its business and prospects may be harmed; a significant portion of AirMedia’s revenues has been derived from the six largest airports and four largest airlines in China, and if any of these airports or airlines experiences a material business disruption, AirMedia’s ability to generate revenues and its results of operations would be materially and adversely affected; AirMedia’s limited operating history makes it difficult to evaluate its future prospects and results of operations; and other risks outlined in AirMedia’s filings with the U.S. Securities and Exchange Commission. AirMedia does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Contact:
Raymond Huang
Senior Director of Investor Relations
AirMedia Group Inc.
Tel: +86-10-8460-8678
Email: ir@airmedia.net.cn

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/airmedia-granted-wi-fi-concession-right-on-ordinary-trains-operated-by-shanghai-railway-bureau-300063480.html

South Korea’s National Carrier, Korean Air, Creates New Customer Experience with CyberSource Payment Services

– Korean Air develops new Passenger Service System (PSS) that simplifies and secures bookings for customers in 45 countries

– New PSS system is powered by CyberSource global payment and fraud management capabilities to improve customer experience and manage fraud risks

SINGAPORE, March 19, 2015 /PRNewswire/ — CyberSource, a Visa Inc. company (NYSE: V), and one of the world’s largest providers of eCommerce payment management services, today announced a strategic partnership with Korean Air, South Korea’s national carrier and largest airline, to provide secure online payment acceptance capabilities and enhance the overall customer experience.

Korean Air is ranked among the top 20 airlines[1] in the world in terms of the number of passengers carried, and its passenger and cargo divisions currently serve 126 cities in 45 countries around the world. The airline’s focus on growth and quality service has garnered it industry recognition in recent years with a string of accolades, including the “World’s Most Innovative Airline” from the 2012 World Travel Awards. As part of its drive to improve customer satisfaction, the airline is currently in the process of developing a new Passenger Service System (PSS), which will constitute a Global Payment System, a system to integrate all payment and acquiring services. With CyberSource’s global payment gateway solution, Korean Air will be able to securely accept a wide range of payment methods, including debit and credit cards and alternative payments across its sales channels.

Korean Air believes that the implementation of its new Global Payment System, complemented with CyberSource’s solutions and expertise, will allow the company to take its customers’ experience to the next level. The company is confident that its partnership with CyberSource will address the diverse payment preferences of its customers, who come from 45 countries around the world.

The payment solution will be further enhanced with Decision Manager, CyberSource’s fraud management solution, featuring the World’s Largest Fraud Detection Radar. With insights derived from over 60 billion transactions processed annually by Visa and CyberSource, as well as supplemented by over 260 real-time global validation tests, Decision Manager will enable Korean Air to automatically screen more inbound orders faster, with increased accuracy.

“The online travel industry is global in nature and customers have high expectations on airlines and travel providers in terms of payment security and overall experience. CyberSource believes payment management is a key enabler of airline differentiation and is proud to work with an established airline company like Korean Air to help the carrier achieve its business objectives towards global expansion,” said Poon Khye Wei, Senior Regional Director, Greater China and Korea, CyberSource.

Iain Jamieson, Country Manager, Korea & Mongolia, Visa, believes that this partnership is in line with the South Korean government’s drive to enhance the eCommerce sector through various laws and regulations, including those covering consumer protection and electronic payments.

Uuzuche.com Announces $10 Million in A+ Funding from BitAuto

Peer-to-peer car-sharing model highly regarded by the market

BEIJING, March 18, 2015 /PRNewswire/ — On the morning of March 18, 2015, Uuzuche.com announced that it had received $US 10 million in A+ funding led by BitAuto, China’s largest automobile online platform. This is the second announcement of funds that the firm has raised since a $10 million Series A round last August, which was led by Lightspeed China Parteners.

Founded in early 2014, Uuzuche.com is developed to be one of biggest peer-to-peer car-sharing service platforms in mainland and one of the three major players of this emerging sector. By early 2015, the company was operating in seven cities, including Beijing, Shanghai, Chengdu, Shenzhen, Sanya, Haikou and Xiamen, providing service for nearly 65,000 car owners and 13,000 drivers.

“We have many opportunities after the Series A funding. To partner with BitAuto is a deliberated and necessary choice based on the future advantages ” the speaker man of Uuzuche.com said “as China’s largest automobile online firm, BitAuto can provide with car owner resources, potential rental customers and channels. To cooperate with BitAuto will help us cover seasonal and regional shortages of vehicles supply by fully utilizing the surplus production of car manufacturer, as well as, providing experience data for buying decisions.”

Compared with other platforms, Uuzuche.com makes great efforts to improve its operational and service capabilities. Early in July 2014, Uuzuche.com cooperated with Allianz Global Assistance to provide a package of road assistance program. After completing the Series A funding in August, Uuzuche.com joined hands with automaker SAIC Motor in providing a diversified set of off-line services; in October, Uuzuche.com rolled out a personalized management service, which included sending personal claim adjusters to inspect on site and a trial program for advance-payment; in November, Uuzuche.com ran its first pilot program of door-to-door delivery; in January 2015, Uuzuche.com roll out a full service program including: car sending, auto maintenance and repairs, pre-purchase/pre-rental car inspection and test drive services, as well as supernumerary long-distance order and vehicle tracking.

The head of BitAuto said, “We are highly impressed with and have full confidence in Uuzuche.com’s down-to-earth manner. With excellence in operation and management as the backbone of its businesses, the firm is constantly optimizing each aspect of the car-sharing service and offering a highly comprehensive services, a move that the firm expects will enable it acquire an advantageous position in future. BitAuto will share its resources and experience in dealing with manufacturers and customers, allowing both firms to fully align the sales channels and the relationships with car manufacturers while meeting the demands of car buyers and renters. The goal of all these moves is to offer clients an all-around better buying and renting experience.”

The collaboration with BitAuto is an important step for Uuzuche.com to build a fully integrated platform. The newly raised funds will be used in exploring new cities as well as to improve and expand marketing, promotion and employee recruiting. The focus will be on bringing in new resources for market promotion, platform operation and sourcing of vehicles, that allow for a diversification of resources and sales channels.

On January 9, 2015, BitAuto, JD.com and Tencent jointly announced a three-way deal, with JD.com and Tencent investing about $US1.3 billion in BitAuto in the form of cash and exclusive resources, and an early data from Roland Berger estimation said that domestic car rental market is hoping to reach to 65 billion yuan in 2018. With an enormous market and powerful online resources, the advantages that each party bring to the table, in terms of car sales and care-sharing services will allow for the creation of a fully integrated platform, will paving the way for future expansion.

Neusoft Showcases Innovative Automotive Electronics and Healthcare Products at CeBIT 2015 in Hannover, Germany

HANNOVER, Germany, March 18, 2015 /PRNewswire/ — Neusoft Corporation (“Neusoft”, SSE: 600718), a leading IT solution and service provider from China, attended the CeBIT 2015 in Hannover, Germany, showcasing its IT technologies and products in the fields of automotive electronics and healthcare, under the theme of “Innovation Drives Sustainable Growth of Society”. As the only software company in China delegation at CeBIT 2015, Neusoft demonstrated its passion for innovation in the new information era and its continuous engagement to further promote ChinaGermany cooperation by information technologies.

In the field of automotive electronics, Neusoft has become a global leading In-Vehicle Infotainment system provider. Its software is running in many top automobile brands worldwide. The C3-Alfus™ infotainment system, One Core®navigation solution, and the advanced driver assistance system are Neusoft’s key innovative products showcased at the exhibition. Among these products, One Core® received hot attention on the exhibition. It was co-developed by Neusoft’s R&D teams in China and Germany, which is the world’s first available navigation solution to cover the entire global market with one and the same navigation core system.

Another highlight of Neusoft at the exhibition was its healthcare ecosystem, which integrates medical equipments, healthcare IT solutions and health management services. It is dedicated to providing comprehensive medical and healthcare services by applying emerging IT technologies. Neusoft’s Xikang Healthcare Management business is committed to enabling more people to enjoy convenient and cost-efficient healthcare management services by integrating Internet of Things, healthcare cloud platforms and outstanding medical resources. Neusoft exhibited its wearable devices and other monitoring terminals, such as the intelligent healthcare wristwatch, sleep monitor, Healthcare Pad, etc., and these terminals are an important part in the healthcare ecosystem.

The China Germany ICT Summit was held on the opening day of CeBIT 2015 under the theme of “Software Defines the World”. Dr. Liu Jiren, Chairman & CEO of Neusoft, delivered a speech on the topic of “Information Technology-enabled Innovations Promote Social Development”. In his speech, Dr. Liu mentioned that the hyper-connectivity brought by emerging information technologies is transforming our world, and supporting society to address the challenges of sustainable development. The Internet is transforming almost every industry, and information consumption has become one of the new engines of economic growth. Over the past 20 years, Neusoft has been dedicated to driving social development with IT-enabled innovations, especially in the fields of healthcare and automotive information system. As globalization has entered into an information era, the Industry 4.0 in Germany and the Internet + in China have brought more common ground and complementary advantages for the two countries in the aspects of social and economic development. With information technology as a bridge, the two countries will embrace more promising cooperation in many sectors in the future.

Under the theme of d!conomy, this year’s CeBIT attracted over 3,000 companies from over 70 countries around the globe. As a partner country of the exhibition, China had a large delegation of companies participating in this event. As the representatives of Chinese enterprises that have the latest technologies and innovations, Neusoft and other leading companies, including Alibaba and Huawei, etc., showcased their products and services to the world.

About Neusoft

As an IT solutions & services provider in China, Neusoft has been dedicated to promoting social development by innovative IT technologies, to create new lifestyle for individuals and to create values for the society. Founded in 1991, the company currently employs a total of 20,000 employees and has set up 8 regional headquarters, 10 software R&D bases, 16 software development and technology support centers and a comprehensive marketing & service network in over 60 cities across China. In addition, the company has set up subsidiaries in the US, Japan, Europe, Middle East and South America. For more information, please visit www.neusoft.com

For more information, please contact:

Terry Du
Branding & Marketing Management Center
Neusoft Corporation
Phone: +86-24-8366-2306
Email: duch@neusoft.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/neusoft-showcases-innovative-automotive-electronics-and-healthcare-products-at-cebit-2015-in-hannover-germany-300051800.html

Flyer Preferences: Savings Matter More Than Movies, Meals In APAC

Expedia’s 2015 LCC Airline Index Reveals Asia-Pacific Travellers’ Attitudes Towards Low Cost Carriers; Asia-Pacific Travellers More Likely to Give Up Bathroom Privileges Than Carry-on Luggage

SINGAPORE, March 16, 2015 /PRNewswire/ — Today the Expedia group’s Global Tour & Transport team released the latest results of its Low Cost Carrier (LCC) Airline Index, a study conducted by Northstar that examined Asia-Pacific travellers’ attitudes towards LCCs. Spurred by LCC growth, supply in Asia-Pacific is expected to increase by 9.5% year-on-year during March 2015*, great news for the 94% of travellers willing to sacrifice perks to save money, according to the study.

Logo – http://photos.prnewswire.com/prnh/20150123/170969LOGO

The Expedia 2015 Asia-Pacific LCC Airline Index polled approximately 3,200 travellers in Australia, New Zealand, Japan, South Korea, Hong Kong, India, Malaysia, Philippines, Singapore, Thailand and Taiwan, expanding on Expedia’s 2014 Western European LCC Airline Index studying the tradeoffs between fares and frills. The survey examined perceptions regarding customer service and perks between LCCs and traditional carriers and asked about which sacrifices travellers were most willing to make to save money. What factors were travellers most likely to consider in choosing an LLC? And what do travellers do with the savings? According to the study, the most important deciding factor when choosing a carrier is the airline’s safety track record.

Men are slightly more willing to sacrifice amenities such as pillows and blankets, free checked luggage and bathroom privileges to save on fares. In addition to gender, younger fliers (under 35) believe giving up legroom and carry-on luggage makes the most sense versus fliers that are 55+ and willing to forgo full-meal service to keep fuller pockets.

No Movies Needed

More than half (56%) of Asia-Pacific travellers were willing to give up in-flight entertainment to save money, followed closely by full meal service (49%) and pillows and blankets (48%). Travellers in Asia-Pacific ranked legroom, bathroom privileges and carry-on items as the amenities they would be least likely to give up to save money.

In-flight Entertainment

56%

Full Meal Service

49%

Pillows and Blankets

48%

Snacks and Beverages

47%

Ability to Choose Seat in Advance

44%

Free Checked Luggage

22%

Legroom

21%

Bathroom Privileges

19%

Carry-on Luggage

17%

To Go or Not to Go

The complete list shows that travellers in Asia-Pacific rank their carry-ons as more important than bathroom privileges. Those deeming toilet time least important were Malaysian travellers, with nearly half (47%) saying they would give up an airplane bathroom to save. Travellers in Japan placed the highest priority on bathroom privileges, with only 2% willing to sacrifice them to save money.

Asia-Pacific fliers (76%) are willing to accept a slightly lower level of customer service from an airline to save money. Travellers in Thailand were most agreeable to this tradeoff (93%), followed closely by those in Hong Kong (91%). Travellers in the Philippines are least likely to sacrifice service to save (56%), with travellers from India not far behind (59%).

Shorter is Better

It’s not just legroom that matters – flight length is also important to Asia-Pacific fliers, with most willing to consider a LCC for a weekend getaway (51%). Asia-Pacific travellers are least likely to choose LCCs for long-haul (6+ hours) and honeymoon flights. Slightly more than a third of those surveyed would consider a LCC for a flight up to 3 hours. For a flight approaching five hours that figure drops to 23%, and tumbles to 7% for a flight up to eight hours long. Only 1% of study participants would fly a LCC up to 16 hours. Younger fliers expressed more willingness to fly longer on a LCC, with 35% of fliers under 35 willing to fly more than three hours, versus 27% among those 55 and older.

Trading Air Savings for Hotel Splurges

Almost half (46%) of Asia-Pacific travellers agree when booking a flight on a LCC they spend more money on a hotel. This is particularly true among travellers from Taiwan (71%) and Thailand (62%), as well as those under the age of 35 (53%). Across Asia-Pacific, Malaysian travellers were the most likely to use LCCs.

The study found that Asia-Pacific travellers are well-educated on ways to save, with one-third (32%) of those surveyed reporting that they often or always book their hotel and flight together as a package booking. This is most common among travellers in Taiwan (53%) and South Korea (45%). Another study by Expedia on airline pricing trends showed that travellers booking flights and hotel or car together can save up to $540 USD across all destinations.

For country specific results of the Expedia 2015 Asia-Pacific LCC Airline Index, click here.

About the Study

This study was conducted on behalf of Expedia by Northstar, a globally integrated strategic insights consulting firm. The study was conducted among 3,263 adults aged 18 years of age and older in Australia, New Zealand, Japan, South Korea, Hong Kong, India, Malaysia, Philippines, Singapore, Thailand and Taiwan who have flown in the past two years. Surveys were completed online from February 13 to 22, 2015 using the Kantar-owned GMI (Global Market Insite) and Lightspeed Research amalgamated group of panels. Sampling quotas and weighting were used to ensure the sample is representative of the APAC countries represented in terms of age and gender. Assuming a probability sample, the margin of error would be +/-1.7 percentage points, 19 times out of 20.

About the Expedia group

Expedia, Inc. (NASDAQ: EXPE) is one of the world’s largest travel companies, with an extensive brand portfolio that includes leading online travel brands, such as:

  • Expedia.com®, the world’s largest full service online travel agency with localized sites in 31 countries
  • Hotels.com®, the hotel specialist with localized sites in more than 60 countries
  • Hotwire®, a leading discount travel site that offers opaque deals in 12 countries throughout North America, Europe and Asia
  • Travelocity®, a pioneer in online travel and a leading online travel agency in the US and Canada
  • Egencia®, the world’s fifth largest corporate travel management company
  • eLong™, a leading mobile and online travel service provider in China
  • Venere.com™, an online hotel reservation specialist in Europe
  • trivago®, a leading online hotel metasearch company with sites in 49 countries
  • Wotif Group, a leading operator of travel brands in the Asia-Pacific region, including Wotif.com®, lastminute.com.au®, travel.com.au, Asia Web Direct®, LateStays.com, GoDo.com.au and Arnold Travel Technology
  • Expedia Local Expert®, a provider of online and in-market concierge services, activities, experiences and ground transportation in hundreds of destinations worldwide
  • Classic Vacations®, a top luxury travel specialist
  • Expedia® CruiseShipCenters®, a provider of exceptional value and expert advice for travellers booking cruises and vacations through its network of 180 franchise locations across North America
  • CarRentals.com™, the premier car rental booking company on the web

The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers the opportunity to reach a highly valuable audience of in-market consumers through Expedia® Media Solutions. Expedia also powers bookings for some of the world’s leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through Expedia® Affiliate Network. For corporate and industry news and views, visit us at www.expediainc.com or follow us on Twitter @expediainc.

About Expedia Global Tour & Transport

The Expedia group Global Tour & Transport team supports global, integrated strategies for air, car, package, rail, cruise and insurance products for Expedia, Travelocity, Wotif Group, Hotwire and Expedia CruiseShipCenters. In addition, the team manages Expedia’s relationships with 400+ airlines and connectivity partners, and dozens of car rental companies and cruise lines helping them efficiently reach the 60+ million consumers shopping within Expedia’s trusted travel brand portfolio.

About Northstar

Northstar is a strategic marketing insights and consulting firm that aligns leading edge, customized research techniques and cultural context with proprietary and proven strategic marketing frameworks and models to drive insights to impact. Northstar’s suite of services relate to the most critical elements of brand, customer and marketing strategy, with sector expertise in travel and tourism, retail, automotive, CPG, food & beverage, financial services, pharma / health care, transportation and fashion / luxury. For more information, please go to www.northstarhub.com.

Trademarks and logos are the property of their respective owners. © 2015 Expedia, Inc. All rights reserved. CST: 2029030-50

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Move to Digital Railway Systems Fuels Need for Big Data, Finds Frost & Sullivan

– The rise of Internet of Things and the proliferation of mobiles have made it crucial for the rail industry to use big data platforms

LONDON, March 12, 2015 /PRNewswire/ — The global rail market offers huge opportunities for big data technology providers. As some of the signalling equipment on rail networks is nearly 80 years old, industry participants have begun to invest in the current generation of rail systems including computer-based point machines and interlocking. This shift from analogue to digital railway systems, which allows activity to be recorded and the integrity of systems to be identified in real time, has turned rail participants’ attention towards big data technologies.

New analysis from Frost & Sullivan, Strategic Analysis of Big Data in Rapid Transit, finds that global annual rail investment in big data will reach over $2.14 billion by 2021. Investments will grow at a minimum of 60.3 percent.

The study covers hardware, big data distributions, data management components, analytics and visualisations, and services.

For complimentary access to more information on this research, please visit: http://owl.li/KcWaE.

“The main aim of the rail industry’s implementation of big data technologies has been predictive analytics,” said Frost & Sullivan Automotive & Transportation Research Analyst Shyam Raman. “Integrating media analytics to improve the security of rail infrastructure and payload are also key applications.”

However, applications of big data technologies in the rail industry can extend further to include fare management, geospatial analysis, transit scheduling and revenue management. Such big data functionalities could completely transform the rail industry’s business process structure, enabling seamless interconnected management between various functions.

Despite the positive implications of big data architecture, some rail participants have been slow to implement these solutions. Widespread ignorance on how to identify relevant data structures/types – and utilise them to make visualisations that enable actionable decisions – has made rail companies wary of investing in big data platforms. Automatically gathered data could also be problematic, arising from systematic issues from sensors or incorrect metadata about the sensor.

Rail participants must overcome these challenges to leverage changing business models. With the proliferation of mobile Internet across all components of the rail ecosystem, unstructured data will continue to grow, highlighting the need for big data technologies.

“Globally, over 50 billion devices will be connected to the Internet by 2020, a four-fold increase from 2010,” explained Raman. “To remain competitive, the rail environment must adapt to these external conditions through the use of big data technologies.”

Strategic Analysis of Big Data in Rapid Transit is part of the Transportation & Logistics (http://www.transportation.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Turkish Rail Market, Latin American Rail Freight Market, Global Rail Industry 2014, and Global Rail Passenger Volumes. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Strategic Analysis of Big Data in Rapid Transit
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Contact:
Chiara Carella
Corporate Communications – Europe
P: +44-(0)-20-7343-8314
M: +44-(0)-753-3017689
E: chiara.carella@frost.com

http://www.frost.com

GENIVI Adoption Expands With Renault-Nissan Joint Program

— Alliance continues to set standard for future in-vehicle “open” infotainment systems

SAN RAMON, Calif., March 10, 2015 /PRNewswire/ — The GENIVI Alliance, an automotive industry association driving the development and adoption of an open In-vehicle Infotainment (IVI) reference platform, today announced that members Renault and Nissan will launch a new joint program to deliver a common IVI system based on software developed within the Alliance membership. 

This new automotive software program will supply all low-to-mid and high-class Renault and Nissan vehicles globally and will be supplied by Robert Bosch GmbH.

“Our Renault-Nissan team believes GENIVI will become the new standard automotive operating system that will be used in in-vehicle infotainment systems,” said Alexandre Corjon, Renault-Nissan Alliance Global Vice President, EE & Systems Engineering. “A GENIVI solution will allow both an increase in quality level and a decrease in the cost of these systems due to reuse of many software modules.”

The new common IVI system will use GENIVI Compliant™ middleware that allows Renault-Nissan to use substantially the same software platform with different hardware solutions to cover the spectrum of low to high-end products. This initial offering also signifies the team’s increased involvement in the Alliance with the aim to improve its delivery of IVI software and standard interfaces.

“GENIVI software has enabled us to provide high quality, flexible, and affordable solutions to many customers worldwide,” said Thomas Kropf, senior vice president at Robert Bosch Car Multimedia GmbH. “GENIVI’s open source approach has enabled Bosch to meet the needs of those customers who want more choice in building their IVI products.”

The Renault-Nissan team will also offer to reuse middleware key components created in this program with other Tier 1 suppliers in future programs.

About GENIVI Alliance
The GENIVI Alliance is a non-profit industry association dedicated to driving the broad adoption of In-Vehicle Infotainment (IVI) open source software. The GENIVI community provides reference architecture, software components, and standard interfaces which are used by the global automotive industry to deliver branded IVI solutions world-wide. Comprised of more than 160 member companies, GENIVI is headquartered in San Ramon, California. Please visit www.genivi.org for more information.

Media Contact- GENIVI Alliance:
Craig Miner
+1.248.840.8368
cminer@gelia.com

CITE 2015 to Showcase the Digitalized World of the Future

BEIJING and SHENZHEN, China, March 10, 2015 /PRNewswire/ — The third China Information Technology Expo (CITE) is set to breathe new life into the development of digitalized products on April 9, when organizers raise the curtain on what is the largest and most comprehensive consumer electronics show in Asia.

The electronics fair, to be held at Shenzhen Convention & Exhibition Center from April 9-11, is expected to attract 1,500 exhibitors and 100,000 visitors who will get a taste of the latest digital technologies and improved intelligence that will revolutionize their daily lives.

Under the theme “Discovering IT dreams, Sharing Digital Time, the annual trade show, hosted by the Ministry of Industry and Information Technology and the Shenzhen municipal government, will create a one-of-a-kind national platform for the IT industry as exhibitors and visitors gain access to key policymakers, exchange vitally important information on how to further develop their technologies and products and seek valuable business opportunities.

The exhibition will cover a total floor space of over 100,000 sq.m. with industry leaders including Changhong, Alibaba, SAP and SPREADTRUM eager to attend what is recognized as a world-class IT and consumer electronics trade fair. It serves as a gateway for foreign companies to access the mammoth Chinese market where 1.3 billion mobile phone users and 875 million mobile internet users are avidly embracing a digitalized era amid breakneck growth of mobile technologies and the imaginative ways of using these technologies to enhance living standards.

Thousands of the latest technologies and products will debut at the event while more than 30 forums/seminars will be organized across the three days.

The highlights of the show include:

  • Digital solutions provided by Hisense, TCL, Changhong, Skyworth, and Konka as well as established upstream chip companies MediaTek, SPREADTRUM, CR Micro and Semiconductor Manufacturing International Corp (SMIC);
  • Smart cars from big-name brands such as BYD, Geely, Wuzhoulong, GreenWheel, and Kinglong, plus autonomous vehicles by Zhejiang University and National University of Defense Technology;
  • Alibaba’s cloud computing and internet-related products from iFLYTEK and Hikvision used to boost the development of IOT;
  • Eye-catching jetpacks displayed by Shenzhen-based Kuang Chi Science as well as drones produced by DJI, AEE and Tencent UAV;
  • The latest Industry 4.0 technologies offered by SAP;
  • Information safety products by national powerhouses China Electronics Corp (CEC) and China Electronics Technology Group Corporation (CETC);
  • An event tailor-made for startups named StartupWeekend;
  • Intelligent medical diagnostic systems presented by Contec Medical Systems Co and Guangdong Transtek Medical Electronics Co.; and
  • New display technologies provided by BOE, AUO, AGC, CSOT and Visionox.

The show has already attracted more than 200 overseas exhibitors (15% of the total), all looking to display their advanced technologies as they vie for a bigger share in the world’s most dynamic information and communication technology (ICT) market.

It will also provide a snapshot of the technological ecosystem of the future, inspiring entrepreneurs, engineers, and visitors to further explore innovations and trends.

http://www.citexpo.org
exhibitions@ceac.com.cn

Photo – http://photos.prnewswire.com/prnh/20150309/180283