Hisense Partners with Infiniti Red Bull Racing Formula One Team

SHANGHAI, April 10, 2015 /PRNewswire/ — Hisense, China’s leading electronics manufacturer, announced today a multi-year partnership with Infiniti Red Bull Racing.

The announcement was made at the Shanghai International Circuit ahead of the Chinese Grand Prix and complements Hisense’s sponsorship programs in the USA with NASCAR, The Australian Open tennis tournament and Schalke 04 football team in Germany.

“Infiniti Red Bull Racing is one of the most successful and most talked about teams in a sport renowned for technology, teamwork and competitiveness,” said Dr. Lin, Executive Vice President of Hisense Company Ltd.  “Like Infiniti Red Bull Racing, we are a proud challenger brand and we continually innovate our best-in-class consumer products to stay ahead of the others.  We look forward to sharing these with the team to help them throughout the season.”

Team Principal, Christian Horner, said: “Everyone associated with Infiniti Red Bull Racing is delighted to welcome Hisense to our team. Their approach to innovation and technological development is impressive and we look forward to our partnership developing as the season unfolds.”

The partnership means Hisense’s cutting edge range of consumer electronics products will be supplied to the team both at track and in the factory.

Hisense has been the No. 1 television manufacturer in China, a position it has maintained for 11 consecutive years. Through this partnership Hisense is looking to become the third most popular global TV brand, one place higher than last year. In 2017, Hisense aims to reach a total revenue of 7.5 billion USD in the overseas market.

Photo – http://photos.prnewswire.com/prnh/20150410/197742  

Avis Opens Its 8th Location in Malaysia

SINGAPORE, April 10, 2015 /PRNewswire/ — Avis Car Rental expanded its footprint by opening its newest car rental location in Malaysia. The new facility, located at the Holiday Inn Melaka, Jalan Syed Abdul Aziz, Malacca, brings the total number of Avis locations in Malaysia to eight stations.

“One of our key strategic initiatives is to grow and expand our footprint, extending our offering where there is customer demand,” said Larry De Shon, president, International, Avis Budget Group. “Malaysia is one of the major tourism countries in Southeast Asia, with a rapidly growing requirement for car rental, making it the perfect place to introduce our trusted and established brand.”

Business and leisure travelers benefit from Avis’ world-class products and services and commitment to serving customers in Malaysia for more than 40 years. The new location offers great rates on quality, well-maintained, late-model vehicles, such as the economy-size Toyota Passo, the compact Honda City, the full-size Toyota Camry and the Nissan X-Trail sports utility vehicle. Avis also offers renters Global Positioning System (GPS) navigation devices, child safety seats and fuel service options.

For more information or to make a reservation, visit http://www.avis.com.my/ or call 1 800 88 2847.

About Avis in Malaysia

Avis Malaysia first opened its doors for business in 1972 and since then has offered customers high quality products and services.

Today, Avis has locations at airports and in metropolitan areas, including: Glenmarie Shah Alam, Kuala Lumpur,  at the Holiday Inn Kuala Lumpur Glenmarie, at Renaissance Kuala Lumpur Hotel City Centre, inside terminals 1 and 2 of the Kuala Lumpur International Airport, Penang Bayan Lepas International Airport, at Menara Zurich in Johor Bharu Downtown Office, Kuantan Airport and recently at the Holiday Inn in Melaka.

Avis Malaysia offers its customers a wide range of local and international mobility services combined with the “We Try Harder ®” service and quality levels.

About Avis in Asia

In Asia, Avis is a leading provider of vehicle rental; vehicle leasing and limousine/chauffeur drive services operating in more than 300 locations through a network of wholly owned subsidiaries, joint ventures and licensee agreements in 20 markets. Avis opened its first operations in Asia in 1970 in Hong Kong. Throughout the 1970’s Avis grew steadily in the region, with operations launched in Singapore, the Philippines, Pakistan, Malaysia and Indonesia. More recently, developments have included openings in India, Mainland China, Vietnam and Taiwan and most recently, Laos and Cambodia.

About Avis

Avis Car Rental operates one of the world’s best-known car rental brands with approximately 5,450 locations in more than 165 countries. Avis has a long history of innovation in the car rental industry and is one of the world’s top brands for customer loyalty. Avis is owned by Avis Budget Group, Inc. (NASDAQ: CAR), which operates and licenses the brand throughout the world. For more information, visit www.avis.com.


Grace S. Banto
Phone Number: +65-6305-1990
Email: grace.banto@avis.com.sg

Logo – http://www.prnasia.com/sa/2013/03/08/20130308141351782465-l.jpg  

Interush Announces Aston Martin Race Team Sponsorship In the Exciting 2015 GT Asia Race Series

IRVINE, Calif., April 10, 2015 /PRNewswire/ — Interush International LLC, a leading supplier of digital and cloud based software applications for the Asian market, announced that it will be the primary sponsor of the Craft-Bamboo Aston Martin Race Team’s Vantage GT3 at the 2015 GT Asia Series. Interush has been teaming up with the Craft-Bamboo Racing team since 2012 and is proud to join forces with them once again with this classic marque for the upcoming race season. The #88 Aston Martin livery features the iconic LeMans light blue base color, with accents of classic British Racing Green in a unique combination within this historic Aston Martin racing legacy. Because the number eight is considered good luck in Asia, the #88 Aston Martin is sure to bring double fortune to the team as well!

Interush International LLC to sponsor the Craft-Bamboo Aston Martin Race Team's #88 Vantage GT3

Interush International LLC to sponsor the Craft-Bamboo Aston Martin Race Team’s #88 Vantage GT3

The Aston Martin Vantage GT3 has 600bhp powered by a 6 liter V12 lightweight engine. The racing chassis is made of bonded aluminum to create a very light, yet stiff structure, with a shorter wheelbase and lower engine position to enhance both handling and performance.

The GT Asia Series is in its sixth season and one of the four FIA-sanctioned race series that is part of the Asian Festival of Speed (AFOS). The GT Asia series will start on May 15-17 on the South Korean peninsula and include 11 races across five countries, with the series’ first three-hour endurance race to be held at the Sepang International Circuit in September.

Driving the spirited #88 Aston Martin will be the combination of Frank Yu of Hong Kong and Richard Lyons from Northern Ireland. Frank Yu brings great experience driving both the Vantage GT3 and Asian race circuits with him, while Richard Lyons is a proven championship driver of GT sports car racing. Lyons and Yu victoriously claimed a second place finish together in last year’s GT Asia Series race in Autopolis, Japan and look forward to return to winning performance in this year’s GT Asia Series.

“At Interush, we understand that it takes a full team effort to achieve great success,” said Martin Matthews, CEO of Interush. “However, this also has to start with world-class technology and the hands-on leadership, determination and skills to become a true champion. This is certainly what we expect Richard Lyons and Frank Yu will each provide driving this amazing #88 Aston Martin Vantage GT3!”

2015 GT Asia Race Series Schedule
May 15-17: Yeongam, South Korea; Korea International Circuit
June 26-28: Okayama, Japan; Okayama International Circuit
July 17-19: Fuji, Japan; Fuji International Speedway
September 4-6: Sepang, Malaysia; Sepang International Circuit
September 25-27: Shanghai, China; Shanghai International Circuit
October 23-25: Buriram, Thailand; Chang International Circuit
November 20-22: Macau, China; Guia Circuit (Special Invitational Event)

Interush will also sponsor the Craft-Bamboo SEAT Leons driven by Jordi Gene Guerrero and Sergey Afanasyev at the TCR International Series on September 20th at the annual Singapore Grand Prix on the Marina Bay Street Circuit, a notoriously difficult track that should prove to provide plenty of action for drivers and spectators alike.

International Race fans can view the series’ websites at http://www.afos.com/ and http://www.tcr-series.com/ for announcements regarding live TV coverage of the races. Interush Management, Staff and Affiliates are all eager for the start of the 2015 race season and look forward to cheering on their sponsored cars to podium victories! 

For more information on Interush-sponsored racing events, visit http://www.interushracing.com. Interush® Racing is a website where race fans can discover the latest news about Interush-sponsored racing. This website is powered by Interush Media, LLC of Irvine, California, which markets consumer and small business-friendly IT Applications within the rapidly expanding information technology sector in Asia. For more information, visit http://interush.com. Interush and the Interush logo are registered trademarks of Interush Technology, Ltd., a member of the Interush group of companies, which are registered in the United States and other countries.  Other trademarks referenced are the property of their respective owners.

Photo – http://photos.prnasia.com/prnh/20150410/8521502245

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

Toyota Sustains Global Industry Prominence Through Use of Successful Growth Strategies

— Toyota plans to collaborate with stakeholders and enter partnerships with vehicle OEMs to expand its geographical presence, finds Frost & Sullivan

MOUNTAIN VIEW, Calif., April 9, 2015 /PRNewswire/ — Despite being affected by the recession and shaken by the earthquake and tsunami in recent years, the Toyota Group (www.toyota-global.com) stands as the largest automobile manufacturer today. Behind the company’s success has been its high-performing automotive division, which consists of four brands targeted at the passenger vehicle market and one brand designed for the commercial vehicle space. Toyota’s non-automotive and financial services operations have also helped the company get to where it is now.

New analysis from Frost & Sullivan, Strategic Analysis of Toyota Motor Global Product Portfolio (http://www.frost.com/ne60), offers an in-depth examination of the Toyota Group’s key operational strategies, corporate structure, R&D strategies, localization strategies, production capabilities, and product planning and branding strategies.

For complimentary access to more information on this research, please visit: http://bit.ly/1Ph6Yuc 

Toyota was restructured in the beginning of this decade to ensure equal attention to all its brands from a global perspective. To achieve true competitiveness for sustainable growth, Toyota Global Vision was announced in 2011. Since then, the company has implemented initiatives like the formation of Lexus International as a separate unit, directly managed by the chief executive officer in order to help reach individual brand targets.

In spite of these efforts, the Toyota Group had a scare in 2014, with the Volkswagen Group (www.volkswagenag.com) almost taking pole position in terms of sales units. A key challenge has been that Japan is the only location where basic research, vehicle engineering, and advanced engineering and design have been taking place. Although the United States (US) and China have supported the company’s research and product development, Toyota still faces the risk of having all its eggs in one basket. Therefore, it is essential for the company to expand its footprint outside Japan.

“Toyota is expected to rely on external stakeholder collaborations and partnerships with vehicle original equipment manufacturers (OEMs), such as BMW and suppliers like Toray, to diversify its geographical presence,” said Frost & Sullivan Automotive & Transportation Program Manager Vishwas Shankar. “Since each market demands unique powertrains, vehicle body styles, and other features, Toyota will do well to adopt this strategy for continued success.”

As far as the Toyota brand is concerned, all current body styles will remain relevant. For Scion and Lexus, however, the conventional, sporty, and sport utility vehicle body types will shape future product strategy. Models, such as Lexus NX and Scion iM, are already entering markets like the US, where vehicles with similar body styles have been well-received in the past. If hybrid or turbo-charged engines are also used in these models, Toyota will manage to attract a wide array of customers.

“In the near future, Toyota will neither create new brands nor kill existing brands,” noted Shankar. “Instead, it will stick to its core values derived from management principles and focus primarily on the automotive business to help its groups’ brands co-exist.”

Strategic Analysis of Toyota Motor Global Product Portfolio is part of the Automotive & Transportation (http://www.automotive.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Financial Assessment of Global Automotive OEM Industry, Strategic Analysis of the Japanese Powertrain Market, and Opportunities in the Global Taxi Market. 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 organization 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?

Contact Us:     Start the discussion

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Strategic Analysis of Toyota Motor Global Product Portfolio

Clarissa Castaneda
Corporate Communications – North America
P: +1.210.477.8481
F: +1.210.348.1003
E: clarissa.castaneda@frost.com


China Yuchai Forms Joint Ventures to Penetrate European Off-Road Engine Market

SINGAPORE, April 9, 2015 /PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), announced today that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), has entered into an agreement to form a new joint venture, YC Europe Co., Ltd. (“YC Europe”), in Hong Kong with Shentou Investments (Hong Kong) Limited (“Shentou”), a company specializing in the sale of Chinese products in Europe, including automobile spare parts, and a partner with extensive engine distribution experience and familiarity with the markets in Europe. YC Europe will establish a wholly-owned subsidiary, YC Europe (Germany) GmbH (“YC Germany”), based in Germany to market off-road engines (excluding marine engines) in Europe.

YC Europe and YC Germany will establish a sales network and develop distribution programs to exclusively sell GYMCL off-road diesel and gas engines (excluding marine engines) and spare parts throughout Europe, as well as provide services in engine related areas. GYMCL will supply engines and spare parts, training and service expertise to YC Europe and YC Germany.

The registered capital of YC Europe is 3.0 million Euros. Shentou and GYMCL’s shareholding in YC Europe will be 57.5% and 35% respectively with the other partner taking the remaining 7.5% equity interest.

Weng Ming Hoh, President of China Yuchai, commented, “We expect this new joint venture to accelerate the introduction of our products into the European markets and contribute to our overall sales. Our advanced engines conform to world-class quality, performance and emissions technology standards and with this new venture, we are well-positioned to maximize global distribution opportunities.”

About China Yuchai International

China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, the Company distributes its diesel engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2014, GYMCL sold 483,825 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com.

Safe Harbor Statement

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “target”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company’s operations, financial performance and condition. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including those discussed in the Company’s reports filed with the Securities and Exchange Commission from time to time. The Company specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

For more information, please contact:

Kevin Theiss
Tel: +1-646-284-9409
Email: cyd@grayling.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-yuchai-forms-joint-ventures-to-penetrate-european-off-road-engine-market-300063442.html

Maritime Leaders Call For Agility To Manage Changing State Of Play

SINGAPORE, April 9, 2015 /PRNewswire/ — Asia’s maritime leaders have today called for the industry to adapt more quickly to changing market conditions in order to effectively capture opportunities and ensure its long-term future across the region.

Speaking at a Sea Asia 2015 industry insights briefing ahead of the conference later this month, the leaders highlighted volatile commodity prices as well as fluctuating supply and demand as key drivers behind the changing conditions. Sea Asia 2015 will take place in Singapore from 21-23 April 2015.

Leaders at today’s session added that the speed at which the industry can adapt to this changing state of play will ultimately define Maritime’s ongoing success.

Managing Director of Precious Shipping Ltd, Khalid Hashim, said “these market forces have created substantial challenges for the dry bulk shipping sector.”

Asia continues to be the driving force behind global growth but slower-than-expected economic development in some markets has had a significant impact. The recent slow-down in China’s real-estate industry, for example, has reduced demand for iron ore at a time when there’s more dry bulk ships in the global fleet,” he said.

Mr. Hashim commented that between 2009 and 2012 total dry bulk capacity grew by 12.13% year-on-year.

“Iron ore makes up a significant portion of the cargo transported by dry bulk shippers and this softening demand, coupled with increased capacity, has resulted in a significant shift in the supply and demand balance within the global dry bulk shipping sector,” he said.   

Mr. Hashim added the industry is taking action to manage these challenges.

“Companies are focusing on driving efficiencies and managing costs to weather these challenging conditions. One of the ways they’re doing this is by scrapping or selling older assets — a move which also allows them to generate more cash.”

“Companies are also raising equity by going back to their shareholders or the market to ensure they have sufficient liquidity to support them over this time,” said Mr. Hashim.

Singapore Maritime Foundation Chairman (SMF) and Managing Director (Marine & Technology) at Keppel Offshore & Marine Ltd, Mr. Michael Chia commented that fluctuating commodity prices is another new reality impacting the industry.

“Low bunker prices have a positive impact on the shipping industry but our marine and engineering sectors are likely to face some headwinds in securing new orders. Fortunately, the industry has a full backlog of orders that will carry them through this year and into 2016.”

“In the meantime we need to focus on increasing productivity, reducing costs and driving efficiencies to manage this volatility,” Mr. Chia said.  

He added that while this can create short-term challenges for the offshore industry, the industry is resilient and the long-term outlook remains strong.

“Exploration and production (E&P) activities in the Asia Pacific region hit a record US$723 billion in 2014 due to the rising demand for energy. While lower oil prices may impact short-term growth, the region’s fast-paced urbanisation and growing middle class means that demand for energy will continue to grow.”

Mr. Chia added the industry needs to be prepared to seize the opportunities new trends in energy E&P present.

“Liquefied natural gas (LNG) is a new space which will continue to play a bigger role in meeting energy demand. Here in Singapore, for example, we opened our first LNG terminal last year to help secure the country’s energy supply and establish ourselves as a hub for LNG bunkering.”

“These projects need the right technology and infrastructure in place and the offshore industry is focusing its research and development efforts to support these trends,” Mr. Chia said.  

Maritime and Port Authority of Singapore (MPA) Assistant Chief Executive (Development), Ms. Tan Beng Tee commented the government is working with the industry to ensure it is prepared to manage changing market conditions.

Singapore continues to keep abreast of global developments and will continue to work with the industry to address and tackle key challenges and position ourselves strategically for future growth,” she said.

“In order for Maritime Singapore to be future-ready, MPA is introducing schemes to develop quality manpower which is critical to drive growth in this global business,” she said.

This year, MPA will inject another $65 million to the maritime cluster fund-manpower development programme to attract and groom talent for the maritime sector. This additional funding will be used to introduce new initiatives and top up existing training and development efforts to ensure the skills of maritime remain current and competitive.

Ms. Tan added that MPA is also investing in infrastructure development.

“The completion of phases three and four of the Pasir Panjang terminal by end 2017 will increase our handling capacity by more than 40 per cent. These investments are critical to enable Singapore to continue driving growth in the sector,” she said.

These changing market conditions and their impact on the global maritime industry will be the focus of discussion at Sea Asia 2015 — an event which has established itself as the leading forum for discussion and debate in the maritime industry.

“Sea Asia’s importance in the global maritime calendar continues to grow,” said Seatrade Global Editor Marcus Hand.

“We are expecting more than 14,000 participants from over 60 countries to attend and are honoured that Singapore’s Minister for Transport, Mr. Lui Tuck Yew will be opening the event.

“Sea Asia has traditionally drawn the Who’s Who of maritime leadership and this year will be no different with some of the biggest names in the industry debating, discussing and analysing key issues shaping the industry at the three day event,” he said.

For more information, please contact:
Sharon Chan
Email:   sharon.chan@bbspr.com.sg
Mobile: +65 9759 9528
DID:      +65 6239 4107

About Sea Asia

Sea Asia, an international conference and exhibition for the maritime and offshore industries, is returning for the 5th edition from 21 to 23 April 2015 at the Marina Bay Sands®, Singapore. Sea Asia serves as a focal point for both the global and local maritime communities to network, explore new businesses, and showcase the latest maritime innovations, equipment and services. Co-organised by Seatrade and the Singapore Maritime Foundation, Sea Asia is an anchor event held in conjunction with the Singapore Maritime Week and is well-attended by the most influential and respected leaders in the industry. The 3-day Sea Asia conference will bring forth the latest discussion and debates on key trends, opportunities and challenges facing the maritime industry.

Sea Asia is supported by principal sponsors Anglo-Eastern Ship Management Ltd, DP World UAE Region, Executive Ship Management,  Lloyd’s Register, Neptune Orient Lines (NOL), Sohar Port & Freezone, as well as sponsors ABS, Admiralty, AXSMARINE, ClassNK, DNVGL, G Travel, Hempel, JTJB LLP, Keppel Offshore & Marine, LUKOIL Marine Lubricants,  M3 Marine Group Pte Ltd,  Mobil Industrial Lubricants, Pacific International Lines (Pte) Ltd, PANAMA MARITIME AUTHORITY, WORLDWIDE LEADER FLAG STATE, PSA Corporation Limited, QBE INSURANCE (INTERNATIONAL) LIMITED, Singtel, The Standard Club Asia Ltd, Veritas Petroleum Services, and Zamil Offshore.

For more information, please visit www.sea-asia.com.

About Seatrade

Seatrade provides a range of global events, websites and publications that covers every aspect of the cruise and maritime industries, bringing together key people to encourage innovation and to produce powerful learning, networking and promotional platforms.  Founded in 1970, Seatrade was acquired recently in 2014 by UBM, the world’s second largest media and event organiser. Seatrade sits with the UBM EMEA, which connects people and creates opportunities for companies to develop new business, meet customers, launch new products, promote brands and expand markets. Operating in over 23 countries, UBM EMEA organizes many of the world’s largest, most important exhibitions, conferences, awards, directories, websites and publications in a wide variety of industries.

For full details about this event, visit www.sea-asia.com. Find out more about Seatrade and UBM, visit http://www.seatrade-global.com/seatrade-global-information/about-seatrade.html and http://ubmemea.com/.

About the Singapore Maritime Foundation

Established in 2004, the Singapore Maritime Foundation (SMF) is a private sector-led organisation that seeks to develop and promote Singapore as an International Maritime Centre (IMC). As the representative voice for the commercial players of the maritime industry, SMF seeks to forge strong partnerships with the public and private sectors of the maritime industry. SMF spearheads initiatives to promote the diverse clusters of the maritime industry in Singapore and at international frontiers, and to attract young talents to join the sector. SMF is directed by its Board of Directors which comprises prominent leaders in the Singapore maritime community. For details, visit www.smf.com.sg.

Photo – http://photos.prnasia.com/prnh/20150409/8521502202LOGO

Telepizza Strengthens its International Presence: Reaffirms its Commitment to High Growth Markets by Starting Operations in Nigeria

MADRID, April 8, 2015 /PRNewswire/ —

  • The company signs an agreement with a local master franchisee with businesses in the country to open 30 stores in five years 
  • Telepizza takes a further step in its international expansion strategy in a market with high growth potential, where it is present since 2014  
  • With consolidated presence in 15 countries, the company’s international sales already represent over 30% of total    

Telepizza pushes ahead its international strategy betting on one of the highest growth potential markets in Africa. The company signed a MoU (Memorandum of Understanding) with a master franchisee with businesses in the country to open 30 stores in the next five years.

(Logo: http://photos.prnewswire.com/prnh/20150317/735407-a)
(Photo: http://photos.prnewswire.com/prnh/20150408/738931)

The understanding agreement, which includes the whole Nigerian market, establishes that first stores will open in the city of Lagos before the end of the year.

“This operation will strengthen our presence in Africa, with high growth potential areas where the company operates in since 2014, in Angola. We have already opened our fourth store in this country in less than a year,” explains Pablo Juantegui, CEO of Telepizza.

Nigeria is one of the most dynamic markets in this continent which progress is associated to population growth potential (the most populated African country with an average age of 18.5 years), socioeconomic growth and the fast development of infrastructures and other sectors such as retail and textile. In addition, its food industry is the second largest, after South Africa, among the sub-Saharan countries.

Expertise, flexibility and local knowledge, keys for international growth 

The agreement with local partners with deep knowledge of new markets is key for international expansion. “We look forward to new international investors and operators that are interested in growing our international brand. Our fresh handmade Mediterranean pizza distinguishes us from the industry, together with fast friendly service,” explains Giorgio Minardi, President of International.

Telepizza’s strong commitment to international expansion is focused on the growth in countries where it is currently operating as well as entering new markets, mainly in Latin America, Central Europe and Africa, either organically, through acquisitions of local companies or via master franchises. Telepizza’s sales abroad currently represent over 30% of total.

Telepizza has a solid model and a recognized and consolidated brand, scalable to different markets with a wide degree of flexibility for the franchisee. “We have this great competitive advantage: our response capacity and flexibility to apply local concepts to the business, which are key for both parts’ success,” Minardi concludes.  

Telepizza’s local partner in this operation is a diversified business group with interests in several companies, in sectors such as food and beverages, as well as real estate market and infrastructure development. In addition to Nigeria, the group operates in various countries in the Middle East.

The agreement will allow Telepizza to benefit from synergies of its industrial activity. Furthermore, neither partner rules out analyzing alliances to enter together into other African markets.

About Telepizza 

Telepizza is a leading pizza delivery company recognized for its freshly quality handmade pizzas in a Mediterranean style, friendly served anytime anywhere at a great value.

Its pioneering positioning in the sector with 30 years path and its management model, has made it experience a solid international growth with a consolidated presence in 15 countries of Europe, Latin America and Africa, 1,300 sales points and 25,000 employees worldwide.

Telepizza has a management model and relationship with its franchisees based on flexibility – to adapt to the tastes and habits of local consumption – and the support of an experienced and multidisciplinary team that ensures the daily operation in each of the markets.


Further information:
Kreab / T. +34-917027170
Susana Sanjuan / ssanjuan@kreab.com / M. +34-677-946-805
Francisco Calderón / fcalderon@kreab.com / M. +34-654-642-160
Luis Meseguerlmeseguer@kreab.com

European Consumers Rank Vehicle Safety Second Only to Reliability, Finds Frost & Sullivan

– In future, clients are more likely to adopt safety systems they are familiar with

LONDON, April 8, 2015 /PRNewswire/ — The European consumer base for passenger cars has traditionally embraced the latest technologies to enhance driving dynamics, connectivity, comfort and convenience. Although consumers in the region rate safety second to reliability, they are not only willing to pay for life-saving technologies, but also show interest in automated driving.

A new customer research study from Frost & Sullivan, Strategic Insight into Voice of European Consumers on Passenger Car Safety Systems (http://www.frost.com/mac9), details the findings from Web-based surveys of 2,516 current car owners who reside in Europe, drive a car no older than a 2011 model, and intend to purchase a new car within the next three years. The study has identified three groups of customers based on their attitudes towards safety and driving behaviour  sceptics, basic safety seekers and full feature seekers.

For complimentary access to more information on this research, please visit: http://corpcom.frost.com/forms/EU_PR_KFeick_MAC9-18_25Mar15.

“Full feature and basic safety seekers, which make up 72 percent of the population, should be targeted to increase the adoption rate of safety systems in Europe,” said Frost & Sullivan Automotive & Transportation Senior Research Analyst Kamalesh Mohanarangam. “In terms of targeting priority, however, basic safety seekers come after full feature seekers, who are most often women with higher-than-average incomes and a strong willingness to pay a premium for safety features.”

Across consumer segments, familiarity with safety systems has been found to positively influence uptake rates and future purchase intentions. Accordingly, automatic emergency braking, which consumers are well acquainted with, has the highest potential for uptake. On the other hand, many of the driver warning and information systems are secondary features in preference.

“To enhance interest in automatic emergency braking and other safety systems, market participants need to implement appropriate pricing strategies as consumers give importance to value for money,” pointed out Frost & Sullivan Program Manager, Automotive & Transportation, Prana Natarajan. “For instance, market participants could consider adopting the product bundle pricing strategy to lower prices for customers and maximise profits generated from passenger car safety system installations.”

Vehicle prognostics, the connected car and cyber security are just a few of the current trends in the automotive and mobility space, which will be discussed during Frost & Sullivan’s annual industry event “Intelligent Mobility: Future Business Models in Connected and Automated Mobility” (http://ow.ly/LkwXD), taking place at the House of Lords and the Royal Garden Hotel in London on 1st and 2ndJuly 2015. For more information, media partnership opportunities or press passes, contact Katja Feick, Corporate Communications, on katja.feick@frost.com.

Strategic Insight into Voice of European Consumers on Passenger Car Safety Systems is part of the Automotive & Transportation (http://www.automotive.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: European Market for Vehicle-to-Vehicle and Vehicle-to-Infrastructure Communication Systems, Tyre Pressure Monitoring Systems Market in Europe, and Advanced Driver Assistance Systems (ADAS) Market in Europe. 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 Insight into Voice of European Consumers on Passenger Car Safety Systems


Katja Feick
Corporate Communications  Europe
P: +49 (0) 69 7703343
E: katja.feick@frost.com
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