Zoom to Acquire Kites GmbH

Kites Team to Help Enhance Zoom’s Machine Translation Capabilities

SAN JOSE, Calif. and KARLSRUHE, Germany, June 29, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it has signed a definitive agreement to acquire Karlsruhe Information Technology Solutions – Kites GmbH (“Kites”), a start-up dedicated to developing real-time Machine Translation (“MT”) solutions. The terms of the transaction were not disclosed.

Kites was founded in 2015 and has academic roots with Karlsruhe Institute of Technology, where co-founders Dr. Alex Waibel and Dr. Sebastian Stüker are faculty members. Kites’ talented team of 12 research scientists will help Zoom’s engineering team advance the field of MT to improve meeting productivity and efficiency by providing multi-language translation capabilities for Zoom users.

“We are continuously looking for new ways to deliver happiness to our users and improve meeting productivity, and MT solutions will be key in enhancing our platform for Zoom customers across the globe,” said Velchamy Sankarlingam, President of Product and Engineering at Zoom. “With our aligned missions to make collaboration frictionless – regardless of language, geographic location, or other barriers – we are confident Kites’ impressive team will fit right in with Zoom.”

“Kites emerged with the mission of breaking down language barriers and making seamless cross-language interaction a reality of everyday life, and we have long admired Zoom for its ability to easily connect people across the world,” said Dr. Waibel and Dr. Stüker. “We know Zoom is the best partner for Kites to help advance our mission and we are excited to see what comes next under Zoom’s incredible innovation engine.”

Dr. Stüker and the rest of the Kites team will remain based in Karlsruhe, Germany, where Zoom looks forward to investing in growing the team. Zoom is exploring opening an R&D center in Germany in the future. Dr. Waibel will become a Zoom Research Fellow, a role in which he will advise on Zoom’s MT research and development.

Forward-Looking Statements
This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 related to Zoom’s acquisition of Kites that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the transaction, our development of our MT solutions, our ability to integrate the Kites team, and potential growth opportunities. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. These assumptions, uncertainties and risks include that, among others, the possibility that the anticipated benefits of the transaction are not realized when expected or at all, division of management’s attention from ongoing business operations and opportunities, potential adverse reactions or changes to business or employee relationships, the ability to integrate Kites successfully, and other factors that may affect future results of Zoom. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our most recent filings with the Securities and Exchange Commission (the “SEC”), including our quarterly report on Form 10-Q for the quarter ended April 30, 2021. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

About Zoom
Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for individuals, small businesses, and large enterprises alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

About Kites
Karlsruhe Information Technology Solutions – Kites GmbH is a start-up company founded in 2015 by Dr. Sebastian Stüker and Dr. Alex Waibel with the express purpose of transforming the latest research in speech translation technology into viable products. Kites’ mission is breaking down language barriers and making seamless cross-language interaction a reality of everyday life. Kites aims to provide custom services to its customers in order to provide technology and services that fit and are operated and maintained at the necessary quality levels.

Zoom Press Relations
Colleen Rodriguez
Global Media Relations Lead
press@zoom.us

Zoom Investor Relations
Tom McCallum
Head of Investor Relations
investors@zoom.us

Nikkiso Clean Energy & Industrial Gases Group Announces Formation of Nikkiso Clean Energy & Industrial Gases (SEA) Sdn. Bhd in Malaysia

TEMECULA, Calif., June 29, 2021 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is proud to announce the creation of Nikkiso Clean Energy & Industrial Gases (SEA) Sdn. Bhd. effective 1st July 2021. This company represents the combining of our two Malaysia business units: Cryogenic Industries and Cryoquip in a new joint facility.

This merger represents another step forward in the Group’s overall corporate growth strategy, emphasizing their ability to provide both global and regional support for sales and service. The name change emphasizes the support and strength of the larger Group; Clean Energy is the growth engine and Industrial Gases the core foundation.

The new, larger facility provides a strong support structure for future growth. Ideally placed within the region to support their key customers and provide an additional focus on clean energy, the 56,400 square foot facility is twice the size of their previous center. It has an improved capacity for loading flow and manufacturing for vaporizers, vacuum lines, process skid fabrication and assembly, refurbishment work, as well as pumps parts and service. In addition, it offers opportunities for sharing resources with other Nikkiso group companies (supporting Nikkiso Cryo or for fabrication of LEWA SEA and/or Geveke Malaysia skids).

According to Tim Born, the Vice President of Nikkiso CE&IG for South East Asia and Oceania;

“This new facility will provide a one-stop shop for the Nikkiso CE&IG Group’s cryogenic process equipment, installations and services. The amalgamation of our two businesses in Malaysia and the willingness to expand our facility and capabilities highlights our Group’s commitment to this region. Our new facility will provide timely local support for our complete range of products and services, and I look forward to working together with our customers and our talented local Nikkiso CE&IG team to provide the products and services this growing region needs.”

Nikkiso CE&IG (SEA) is responsible for business in South East Asia, namely Malaysia, Singapore, Thailand, Indonesia, Philippines, Myanmar, Vietnam, Brunei, Laos and Cambodia, as well as Taiwan, Bangladesh and Pakistan, and provides support to the Middle East, India, Africa and Australia.

Contact Information:

Nikkiso Clean Energy and Industrial Gases (SEA) Sdn. Bhd. 199601016333
(formerly known as Cryoquip Sdn. Bhd. 388684-P)
Lot 862, Jalan Subang 8, Taman Perindustrian Subang
47600 Subang, Selangor, Malaysia

Tel: +60 3 8081 8330
Fax: +60 3 8081 8360
Email: sales.sea@nikkisoceig.com Website: www.nikkisoCEIG.com

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly-controlled group of approximately 20 operating entities.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

The Globe and Mail’s Sophi.io Wins Digiday Media Award

Digiday awards Best Publisher Platform to Sophi.io, a suite of artificial intelligence-powered automation, optimization and prediction tools developed by The Globe and Mail

TORONTO, June 28, 2021 (GLOBE NEWSWIRE) — Sophi.io, The Globe and Mail’s artificial intelligence-based automation and prediction engine, won the 2021 Digiday Media Award for Best Publisher Platform, which recognizes technology that is most successful in helping publishers achieve their goals.

“AI is an essential technology for helping publishers add authentic value to stories — extending their measure of success beyond page views and virality. For example, Sophi is able to provide data on how much each article on The Globe and Mail contributes to subscriber retention, acquisition, registration potential and advertising dollars. Additionally, to effectively deploy machine learning, around 10% of The Globe and Mail’s workforce is now data scientists and engineers, hired to develop Sophi and grow the strategy even further,” Digiday said.

The awards honour companies, technologies and campaigns that have stood out throughout the media over the past year. “This year, the competition was fierce and the programs robust. Innovation and big ideas expanded the playing field for many of the winners, even in a year when quarantines limited where and how people could work — and play,” according to Digiday.

Phillip Crawley, Publisher and CEO of The Globe and Mail, commented: “It’s an honour to be chosen as the winner of Digiday’s Media Award for Best Publisher Platform. We aren’t often up against companies in both the media and marketing industries but our investments in Sophi have been driven by the understanding that our technology can directly drive performance and economic growth for companies across a large range of industries.”

The other finalists in the Best Publisher Platform category were: Piano, Connatix, Insticator, Duration Media and Adapex LLC.

Sophi is an artificial-intelligence system that helps publishers identify and leverage their most valuable content. It has powerful predictive capabilities – using natural language processing, Sophi Dynamic Paywall is a fully dynamic, real-time, personalized paywall engine that analyses both content and user behaviour to determine when to ask a reader for money or an email address, and when to leave them alone.

Sophi Site Automation autonomously curates digital content to find and promote the most valuable articles. It places 99% of the content on all of The Globe and Mail’s digital pages, including its homepage and section pages. Sophi has been so successful that it is now being used for print laydown as well. Sophi is available to publishers across the globe to enable their content producers to focus on creating the best content possible.

Earlier this month, Sophi won the 2021 International News Media Association (INMA) Global Media Awards for Best in Show in North America and Best Use of Data to Automate or Personalize. Sophi has also won the Online Journalism Award (OJA) for Technical Innovation in the Service of Digital Journalism, handed out by the Online News Association (ONA), and both the World Digital Media Award and the North American Digital Media Award awarded by The World Association of News Publishers (WAN-IFRA) in the category of Best Digital News Start-up.

About Sophi.io

Sophi.io (https://www.sophi.io) is a suite of AI-powered optimization and prediction tools that helps content publishers make important strategic and tactical decisions. Sophi solutions range from Sophi Site Automation and Sophi for Paywalls to Sophi Analytics, a decision-support system for content publishers. Sophi is designed to improve the metrics that matter most to any business, such as subscriber retention and acquisition, engagement, recency, frequency and volume.

Contact

Jamie Rubenovitch
Head of Marketing, Sophi.io
The Globe and Mail
416-585-3355
jrubenovitch@globeandmail.com

CAI Announces the formation of CAI Professional Services India Private Limited.

Operational Readiness Consulting delivered to a higher standard!

INDIANAPOLIS, June 29, 2021 /PRNewswire/ — On 25 June, 2021, CAI Professional Services India Private Limited officially opened for business. CAI is proud to now be able to serve clients in the data center, pharmaceutical, and biotechnology industries across the Indian subcontinent. Our focus on operational readiness and speed to market aligns well with the needs of industry and we expect strong demand for our services.

CAI celebrates 25 years of exceeding client expectations.

CAI’s leaders’ thoughts on achieving this long-time goal:

Mike Martin, President:
“From the time of our expansion into Asia almost 11 years ago, it was our dream to open an office in India. Today we’re excited to announce we’re bringing CAI’s world leading consulting services and commitment to client outcomes to India’s markets, and we look forward to exceeding client expectations.”

Rich Tree, COO:
“Meeting our clients where they are is what has driven CAI’s growth and will continue as we support the launch of critical data center infrastructure across India. I’m excited to bring the CAI culture of excellence to our local Indian team.

Sam Williamson Asia Vice President:
“I look forward to leading a team of dedicated engineers and scientists to deliver mission critical facilities and manufacturing in India. I know our team is world class and we are truly excited and honoured to drive value to our clients’ bottom lines.”

Ravi Kumar, India Country Head:
“As the face of CAI in India, I look forward to the challenge of building strong teams of experts and bringing CAI’s long tradition of excellent service to our clients here.”

CAI is headquartered in Bangalore to serve the commissioning and startup needs of the data center critical infrastructure being developed. Growth plans include satellite offices in Hyderabad, Gurgaon, and Mumbai.

ABOUT CAI

Since CAI was founded in 1996, we have delivered nearly a billion dollars in services for hundreds of clients across thousands of projects globally. With offices in the US, Canada, Australia, Netherlands, Korea, Switzerland, India, Ireland, Italy, China, Singapore, and Malaysia, we have built an international team of over 650 professionals providing local support from a global company. Our engineering, technical, and consulting services are fashioned to deliver mission critical facilities with a high level of performance and reliability. When operational readiness and startup are critical, CAI delivers to a higher standard. www.cagents.com

Contact:
David Shenberger
+13177219847
dwshen@cagents.com

Logo – https://mma.prnewswire.com/media/1536728/CAI_25th_Anniversary_Logo_Teal__1_Logo.jpg

 

Material Information of Agritech Limited

Karachi, Agritech Limited informed Pakistan Stock Exchange that RLNG supply shall remain suspended from 000hrs of June 29, 2021 will midnight of July 05, 2021 due to unplanned dry dock activities at EETPL. Therefore, company shall not be able to produce Urea during said period and aims to resume the plant activities as soon as the supply of RLNG is restored by SNGPL on given date and time.

Agritech Limited was incorporated in 1959. The principal business of the Company is production and sale of Urea and Granulated Single Super Phosphate fertilizer. The shares of Agritech Limited Pakistan are quoted in Pakistan Stock Exchange, and used the symbol “AGL” for the shares of the Company.

The total number of shares the company has issued so far are 392,430,000 where the Earnings Per Share in 2020 is (10.95) which was (1.66) in 2019. The Company had a loss of Rs. 4,296,900,000 in 2020 compared to a loss of Rs. 652,777,000 in 2019

Material Information of Colony Textile Mills Limited

Karachi, Colony Textile Mills Limited informed Pakistan Stock Exchange that the Board of Directors of the Company in its meeting held on June 29, 2021 has approved an equity investment of up to Rs 99,000,0001 in its wholly owned subsidiary “Stitch rite (Private) Limited” through subscribing the 9,900,000 shares of Rs. 10/- each against right offer made by Stitch rite (Private) Limited in accordance with the provisions of the Companies Act, 2017,and subject to the compliance with all statutory and legal requirements.

Colony Mills Limited (CML) was established as a textile manufacturing unit on September 21, 2005 and absorbed “Colony Textile Mills Limited” in 2006. Colony Textile Mills Limited was the principal company established as a textile manufacturing unit in 1946. CML’s expertise, primarily, lies in production, manufacturing and sale of different types of yarns of various counts. The company has a healthy portfolio of income generating assets that crossed total revenues over 13 Billion rupees for the year ended June 30, 2011.

The symbol “CTM” is being used by the stock exchanges for the Colony Textile Mills Limited.

Material Information of BIPL Securities Limited

Karachi, BIPL Securities Limited informed Pakistan Stock Exchange that the Board of Directors of the Company as its duly convened meeting held on June 28, 2021 has approved the transfer of 77,117,500/- shares (representing 77.12% shares capital) of the Company held by BankIslami Pakistan Limited to AKD Securities Limited.

BIPL Securities Limited was incorporated in Pakistan on October 24, 2000. BIPL Direct is the retail brokerage arm of BIPL Securities Ltd. that caters to the diverse needs of equity investors around the globe. BIPL Direct started its operation in 2004

The Company is a subsidiary of BankIslami Pakistan Limited, and is a TREC holder of the Pakistan Stock Exchange Limited and Corporate member of Pakistan Mercantile Exchange Limited. The Company is principally engaged in the business of stocks, money market, foreign exchange and commodity broking.

The number of shares the company has introduced are 100,000,000. The Earnings per share has increased in 2020 and is 0.94 compare to (0.12) in 2019. The profit after taxation in 2020 is 94,000,000 which was (11,941,000) in 2019.

Material Information of Bankislami Pakistan Limited

Karachi, Bankislami Pakistan Limited informed Pakistan Stock Exchange that the Bank approved the sale of 77,117,500 shares of BIPL Securities Limited (representing 77.12% of the issued and paid up share capital of BIPL Securities to AKD Securities Limited).

This is to inform you that the aforementioned sale now stands complete in accordance with necessary approvals, including approval granted by the Securities and Exchange Commission of Pakistan Vide its letter on April 06, 2021. Now, the BIPLS is no longer a subsidiary of BankIslami.

The State Bank of Pakistan declared Bank Islami Pakistan Limited as a Scheduled Bank with effect from March 17, 2006. BankIslami started its Banking operations on April 7, 2006 in Karachi. The idea of Bank Islami was conceptualized by Jahangir Siddiqui & Company Limited and Randeree family in late 2003. Mr. Hasan A. Bilgrami was appointed as Adviser to the sponsors on March 16, 2004 for formalizing the idea. He presented the concept paper of Bank Islami to sponsors on March 24, 2004. A detailed business plan was then prepared and a formal application was submitted to the State Bank of Pakistan on May 26, 2004. On September 26, 2005, Dubai Bank joined the Sponsors and became one of the founding shareholders of Bank Islami by investing 18.75% in the total Capital. By the end of 2013, the bank possessed 201 branches in 77 cities nationwide. Under the Islamic banking policy of 2003 the bank acquired its Islamic banking license in 2005. The registered office of the company is located in Karachi.

The core business area of the bank includes wealth management including shariah compliant and retail banking products, proprietary products and third party products. Financial planning service is also an important part of the process.

The symbol “BIPL” is being used by the stock exchange for the shares of Bank Islami Pakistan Limited.

Material Information of Fauji Fertilizer Company Limited

Karachi, Fauji Fertilizer Company Limited informed Pakistan Stock Exchange that the Board of Directors of the Company approved submission of LOIs to Fauji Foundation and Fauji Fertilizer Bin Qasim Limited for the acquisition of their entire equity shareholding in Foundation Wind Energy I Limited and Foundation Wind Energy II Limited.

That the Company and FF have obtained approvals of their respective Boards, to sell their entire shareholding in target Companies to FFC subject to shareholders approval, where applicable, at an aggregate consideration not exceeding PKR 14,072,340,000/-

Fauji Fertilizer Company Limited is a public company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing, purchasing and marketing of fertilizers and chemicals, including investment in other fertilizer, chemical, other manufacturing, and energy generation and banking operations. The shares of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The registered office of the company is situated at Rawalpindi and it is domiciled there.

Associated companies of the group are FFC Energy Limited, Fauji Fertilizer Bin Qasim Limited, Askari Bank Limited and Al-Hamd Foods Limited.

The symbol “FFC” is being used by the stock exchanges for the shares of Fauji Fertilizer Company Limited.

Material Information of Fauji Fertilizer Bin Qasim Limited

Karachi, Fauji Fertilizer Bin Qasim Limited informed Pakistan Stock Exchange that the Board of Directors of the Company has approved and authorized the Company to approval by special resolution of the shareholders at an Extraordinary General Meeting of the Company, and subject to the receipt of the requisite regulatory and third-party approvals, sell and transfer 122,587,323 of the Company’s shareholding.

Fauji Fertilizer Bin Qasim Limited is a public limited company incorporated in Pakistan. The foundation of the company is laid under the Companies Ordinance, 1984. The principal objective of the company is manufacturing, purchasing and marketing of fertilizers. The company commenced its commercial production effective January 1, 2000. The company is a subsidiary of Fauji Fertilizer Company Limited with shareholding of 50.88%. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges in Pakistan. The registered office of the company is situated at Rawalpindi.

The plant is a Granular Urea and Di-Ammonium Phosphate fertilizers manufacturing complex, built at a cost of US$ 468 Million and located in Eastern Zone of Bin Qasim, Karachi, with Head Office at Rawalpindi. The plant is ISO certified with memberships of industry association and trade bodies i.e. Rawalpindi Chamber of Commerce and International Fertilizer Association.

The symbol “FFBL” is being used by the stock exchanges for the shares of Fauji Fertilizer Bin Qasim Limited.

Material Information of Sunrays Textile Mills Limited

Karachi, Sunrays Textile Mills Limited informed Pakistan Stock Exchange The Board of Directors of the Company at their meeting held on June 28, 2021 has decided to invest surplus funds available with the company by acquisition of 173,500 Ordinary shares @ Rs. 1,100/- per share aggregating to Rs 190,850,000 {Rs. One Hundred Ninety Million Eight Hundred Fifty Thousands Only) an associated company EMBEE Industries (Private) Limited making it 100% owned subsidiary of the Company.

Sunrays Textile Mills Limited is a company incorporated in Pakistan on August 27, 1987. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company is a manufacture, trading and sale of yarn. The company also operates a ginning unit and an ice factory on leasing arrangements. The mill is located at District Muzaffarhgarh, Dera Gazi Khan Division, in the province of Punjab. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.

The symbol “SUTM” is being used by the stock exchange for the shares of Sunrays Textile Mills Limited.

Material Information of EMCO Industries Limited

Karachi, EMCO Industries Limited informed Pakistan Stock Exchange in continuation of the material information provided by them through letter on April 23, 2020 and October 29, 2020 for the installation of an on-grid Solar Power Project, they would like to update you that the commissioning of the Solar Power Plant has been completed. After extensive trial production, EMCO formally transitioned to commercial production without any issue from the months June, 2021.

EMCO Industries Limited was incorporated as a Joint Stock Company in Pakistan on August 17, 1954 by the name of Electric Equipment Manufacturing Company (Private) Limited. Later, it was converted into a public company on August 20, 1983 and its name was changed to EMCO Industries Limited on September 12, 1983. The Company is principally engaged in the manufacture and sale of high / low tension electrical porcelain insulators and switchgear.

The shares of the Company are 34,999,667. The Earnings per shares of the Company is 3.37 in 2020 which was 4.13 in 2019. Their Profit after Taxation is 117,899,000 in 2020 which was 144,539,000 in 2019.