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Rivada Space Networks Announces New Partners at AsiaTechX 2024

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Rivada’s Outernet, the world’s first global private network for enterprise and government is key for the region

Highlights:

Rivada to launch a constellation of 600 ultra-secure, networked low-earth orbit satellitesDeployment starts in 2025 with global coverage by 2026 and full deployment expected by mid-2028Unique network combines satellite and terrestrial capabilities for ultra-low latency, high speed, unparalleled security, and true global coverageTelecom, Enterprise, Maritime, Energy and Government Services markets

SINGAPORE, May 27, 2024 /PRNewswire/ — Rivada Space Networks, a global network company launching a constellation of 600 low-earth-orbit satellites (LEO) to enable secure, global connectivity for governments and enterprises, has announced a series of new partners in the Asia Pacific region.  Rivada has now lined up over $US9 billion of business globally for its unique LEO network.

As the first unified global communications network, Rivada’s outernet is transformative. A global low-latency point-to-point network of 600 low earth orbit (LEO) satellites, it is a unique next-generation constellation combining inter-satellite laser links with advanced onboard processing and routing to create a ubiquitous optical mesh network in space. This “orbital network,” in which data stays in space from origin to destination, creates an ultra-secure, private satellite network with pole-to-pole coverage, offering end-to-end latencies much lower than terrestrial fiber over long distances. And by routing traffic on a physically separated network, it provides a layer of defense for any enterprise or government organization that needs to securely share data across Asia and beyond.

For Enterprise and Government customers, the key attributes of the outernet are ideal for a variety of applications, for example, to give banks and global companies secured networks with distributed offices, provide significantly more bandwidth for oil & gas exploration than is available today, enable seamless connectivity for shipping & fleet management, or provide 5G satellite backhaul connectivity network expansion for cellular operators. Connectivity providers in Asia can offer a competitive advantage by expanding these markets, enabling new opportunities through secure, multi-gigabit bi-directional performance, combined with worldwide reach.

KT SAT – Korea
KT SAT, Korea’s national satellite communications provider will deploy Rivada’s outernet to provide ultra-secure connectivity to Enterprise, Government and Maritime companies looking for scalable and resilient solutions for their expanding networks. And with Asia’s subsea cables increasingly becoming a focal point of geopolitical tensions, the region now, more than ever, needs resilient infrastructure, which is fast, secure, and reliable.

Connecto Network Systems Inc. (CNSI) – Philippines
Connecto Network Systems Inc, will work with Rivada to improve connectivity for enterprise and government customers across the Philippines, ensuring seamless coverage, even in remote provinces. Connecto is spearheading the transformation of communities into smart cities, harnessing cutting-edge technologies to boost operational efficiency, facilitate public access to information and elevate the quality of government services.

NiAT – Brunei
NiAT is a key provider of connectivity services for the Oil & Gas sector in Brunei. The company is experiencing an increased demand for high bandwidth connectivity from its customer base and sees Rivada’s outernet as the ideal solution to provide enterprise-grade, secure bandwidth combined with the high availability and guaranteed Service-Level-Agreements which underpins business for premium customers.

AT Communications – Japan
AT Communications provides national agencies with secure communications infrastructure for their sites across Japan and supports telcos with international connectivity. AT Communications will harness the outernet’s seamless connectivity to ramp up performance, improve security, and increase customer efficiency. Rivada’s outernet is particularly well suited for the low latency and secure connectivity required by national and local government and defense sectors.

Teleport Access Services – Taiwan
TAS will deploy Rivada’s outernet to enhance the connectivity infrastructure in Taiwan, providing coverage of remote and underserved areas and ushering in a new era of secure communications and technological innovation. For telecoms services providers, government agencies and media companies, the deployment of LEO satellite services in Taiwan will drive positive change and empower communities through enhanced connectivity.

Declan Ganley, CEO of Rivada Space Networks, said: “We are seeing a huge uptake in our business in Asia, underlining the growing appetite for our unique space-based network. The outernet’s ability to meet the requirements of Asia’s connectivity providers in terms of security, latency, capacity, and coverage is a game-changer for the region. Our completely new type of LEO constellation will provide the whole of Asia with a transformative next-generation infrastructure for secure, resilient communications and network expansion.”

Rivada’s Vice President of Sales for Asia Pacific, Donald Chew, will be at the Satellite Industry Forum and AsiaTechX from 28-31 May, exploring the opportunities for NGSO networks to provide data sovereignty and security and support enterprise connectivity in Asia Pacific, including:

How the potential of LEO can be unlocked for data networks and services and the opportunities for new business models and end-user servicesAn ultra-secure network is the ambition for global enterprise and government communications and the dynamic powers of a Rivada’s outernet gateway-less architecture is keyPartnering with LEO enables satellite and telecom operators in Asia to complement and expand services that cannot be supported by GEO alone

Donald Chew said: “I am delighted to be participating once again at AsiaTechX in Singapore. The outernet is what data communications has been waiting for – a next-generation data infrastructure providing unrivalled secure and resilient connectivity and fueling new opportunities for network expansion.” To find out more, meet us at stand 5A1-3 at AsiaTechX from 29-31 May. 

NOTE TO EDITORS
Rivada Space Networks representatives will be at AsiaTechX from 29-31 May. To arrange an interview, please contact Melanie Dickie at mdickie@rivadaspace.com

About the Outernet:
The outernet is the first unified global communications network. Rivada’s global low-latency point-to-point network of 600 low earth orbit (LEO) satellites is a unique next-generation constellation combining inter-satellite laser links with advanced onboard processing and routing to create a ubiquitous optical mesh network in space. This “orbital network,” in which data stays in space from origin to destination, creates an ultra-secure satellite network with pole-to-pole coverage, offering end-to-end latencies much lower than terrestrial fiber over long distances. And by routing traffic on a physically separated network, it provides a layer of defense for any organization that needs to securely share data between widely distributed sites. The first satellite launch is set for 2025, with global service available in 2026. 

Follow Rivada Space Networks on:
LinkedIn: https://www.linkedin.com/company/rivada-space/
Twitter: @rivadaspace 

Media Contacts
Melanie Dickie, Chief Marketing & Communications Officer
Rivada Space Networks GmbH
Tel: +31 6 14 22 97 62
Email: mdickie@rivadaspace.com

Brian Carney, SVP Corporate Communications
Rivada Networks, Inc
Tel: +1 (207) 256-0386
Email: bcarney@rivada.com

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SOURCE Rivada Space Networks

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UOB Kay Hian and FNZ Launch Next-Generation Platform to Transform Unit Trust Investing in Singapore

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UOB Kay Hian and FNZ have joined forces to launch a direct-to-consumer (D2C) platform, making Unit Trust investing simpler and more accessible for retail and private clients in Singapore.The platform enhances the Unit Trust investment experience through an intuitive client portal, seamless order management, market-leading banking solutions, advanced reporting, and a dedicated client servicing module.This launch reaffirms UOB Kay Hian and FNZ’s commitment to delivering cutting-edge, accessible investment tools and trading solutions that empower investors.The partnership further strengthens UOB Kay Hian’s leadership in securities brokerage while reinforcing FNZ’s position as a trusted global wealth management platform, partnering with over 650 global financial institutions.

SINGAPORE, May 6, 2025 /PRNewswire/ — UOB Kay Hian, one of Asia’s largest securities brokerage firms, has partnered with FNZ, a global leader in wealth management technology, to launch a new digital platform that is set to transform Unit Trust investing in Singapore.

The innovative platform streamlines the investment journey, providing retail and private clients with a powerful and intuitive digital experience. Through advanced digital capabilities and seamless access via a direct-to-consumer (D2C) channel, investors can now navigate their Unit Trust investments with greater confidence and ease.

The newly launched platform offers a comprehensive suite of Unit Trust investment solutions, including customer servicing, an intuitive client portal, order management, cash management, Central Provident Fund (CPF) administration, and advanced reporting tools. By streamlining operations and enhancing client centricity, UOB Kay Hian simplifies Unit Trust investment, empowering all investors to grow their wealth more effectively.

“Partnering with FNZ has allowed us to develop a Unit Trust Platform that redefines the investment experience by combining innovative digital tools and intuitive investment solutions,” said Oh Whee Mian, Senior Executive Director, UOB Kay Hian. “Our collaboration with FNZ reflects our dedication to pair innovative technology with personalised services by our highly experienced Trading Representatives, to make investing more accessible and rewarding to our clients.”

FNZ’s commitment to the Asia-Pacific region is central to this partnership, bringing together its global technology expertise with deep local market knowledge to enhance wealth management solutions in Singapore. The company continues to invest in the region’s financial ecosystem, underscored by the recent appointment of Anthony Habis as Group Head of APAC, reinforcing FNZ’s long-term commitment to delivering transformative solutions for investors across the region.

“This partnership is a testament to FNZ’s dedication to delivering world-class digital wealth management solutions,” said Anthony Habis, Group Head of APAC. “By working closely with UOB Kay Hian, we have developed a platform that simplifies investing and enhances accessibility, ensuring clients enjoy a seamless and high-quality experience.”

The launch marks an important milestone in Singapore’s wealth management sector, as UOB Kay Hian and FNZ continue to drive digital transformation, equipping investors with the tools they need to navigate today’s markets with confidence.

UOB Kay Hian, headquartered in Singapore, is one of the region’s most prominent securities brokerage firms. With a strong reputation for excellence and a commitment to innovation, the firm continues to lead the way in delivering cutting-edge investment solutions for its clients.

FNZ has built long-standing, trusted partnerships with many of the region’s leading financial institutions, including Centrepoint Alliance, Colonial First State, Consilium, Jarden, National Australia Bank, Principal Asset Management, and UOB Asset Management. By leveraging FNZ’s technology-driven solutions, these institutions enhance client engagement, improve efficiencies, and drive long-term success.

About UOB Kay Hian

UOB Kay Hian is a leading Financial Services firm with a strong presence across Asia, renowned for delivering personalized investment solutions. Headquartered in Singapore, UOB Kay Hian’s global footprint spans regional financial centres in Hong Kong, Thailand, Malaysia, Indonesia, London, New York and Toronto. 

One of Asia’s largest securities brokerage firms, UOB Kay Hian serves a prestigious client base of institutions, large corporations, high-net-worth individuals, and retail investors. The firm offers a wide range of services, including equities, derivatives, and wealth management solutions, to empower investors to make informed decisions and grow their wealth.

For more information, please visit www.utrade.com.sg and follow us on LinkedIn (@UOB Kay Hian).

About FNZ

FNZ is a leader in global, end-to-end wealth management platforms, partnering with over 650 of the world’s leading financial institutions and over 12,000 wealth management firms.

With 6,000+ employees in 30+ global locations, FNZ’s mission is to open up wealth, helping everyone, everywhere to invest in their future. FNZ removes friction from wealth management, freeing its partners to create hyper-personalized and differentiated experiences for their advisors and end-investors.

To date, FNZ administers more than US$1.7 trillion in client assets and enables over 24 million people, from all wealth segments, to invest in a simple and transparent way.

For more information, please visit www.FNZ.com and follow us on LinkedIn (@FNZ).

Contact:  Alasdair Munro, Alasdair.munro@fnz.com, +44 (0)7841456347

View original content:https://www.prnewswire.co.uk/news-releases/uob-kay-hian-and-fnz-launch-next-generation-platform-to-transform-unit-trust-investing-in-singapore-302446090.html

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Olea and Riverchain announce strategic partnership to address working capital challenges in construction industry

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HONG KONG and SINGAPORE, May 6, 2025 /PRNewswire/ — Olea Global Pte Ltd (“Olea”) and Riverchain International Ltd (“Riverchain”) are pleased to announce a strategic partnership aimed at addressing the significant working capital lock-up in the construction industry. This collaboration will leverage both companies’ expertise to provide innovative financing solutions tailored specifically for construction companies, particularly SMEs that are often underserved by tradition financial institutions.

The partnership will combine Olea’s global financing capabilities with Riverchain’s specialised knowledge and asset origination expertise of the construction sector to deliver efficient working capital solutions for construction businesses across the APAC region.

Ben Wong, CEO of Riverchain, said: “The construction sector faces unique challenges, such as payment delays and cash flow management issues, which can severely impact business operations and growth, ultimately compromising the project supply chain. This partnership with Olea enhances our ability to take a technology-led approach to deliver more comprehensive and efficient financing solutions that address payment delays and provide the liquidity needed for construction companies to take on new projects without financial constraints. Together, we aim to transform how construction businesses manage working capital.”

Amelia Ng, CEO of Olea, said: “We are delighted to partner with Riverchain to extend our financing solutions to the construction industry, which has traditionally faced significant working capital challenges. This collaboration allows us to demystify what has often been an opaque supply chain by leveraging our joint technologies to provide specialized funding options. These solutions address the unique payment cycles and liquidity needs of the construction sector, helping businesses grow sustainably while managing cash flow effectively.”

The construction industry is known for its extended payment terms and complex supply chains, which often create working capital pressures for contractors and suppliers. Add to this a volatile economic environment, characterised by rising material costs and skilled labour shortages. This partnership aims to alleviate these challenges by providing accessible, flexible financing solutions designed specifically for construction payment cycles.

The Riverchain-Olea partnership plans to finance construction projects, focusing on Asia-Pacific markets. Experts predict continued growth in the sector, with the Asia-Pacific construction output expected to reach USD 8.65 trillion by 2030. However, working capital constraints remain a significant barrier, particularly for small and medium-sized contractors. The Riverchain-Olea solution addresses this working capital lock-up through digitalized financing processes that provide faster access to capital and greater visibility across project payment cycles.

About Riverchain

Riverchain is a trusted provider of working capital solutions to the construction industry. Headquartered in Hong Kong, Riverchain is actively expanding its footprint across the Southeast Asian region. Having already supported 1,200 construction businesses in Hong Kong, Riverchain provides cash advances of up to 90% on invoices—allowing companies to receive payments up to 60 days before their original expected date.

Beyond financing, Riverchain is building a more transparent and resilient construction ecosystem through the proprietary technology that improves visibility of project performance and payment flows. Through Riverchain’s specialised industry knowledge and digital infrastructure, Riverchain is modernising construction finance and empowering businesses across the supply chain to grow confidently and sustainably.

About Olea

Olea is a digital infrastructure platform that connects global liquidity with trade and supply chain opportunities, fuelling growth and unlocking potential worldwide. Olea has diverse liquidity pools with varying appetite and focuses, Olea’s vision is to connect capital to opportunity. It has a strong conviction in the role of trade to support sustainable economic development across countries, particularly emerging markets, particularly Asia where many smaller suppliers are based. Olea supports suppliers and buyers in over 70 corridors.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/olea-and-riverchain-announce-strategic-partnership-to-address-working-capital-challenges-in-construction-industry-302444928.html

SOURCE Riverchain International Limited

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LG Display to Showcase World’s Best Solutions for Future Mobility at SID Display Week 2025

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SEOUL, South Korea, May 5, 2025 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today that it will participate in SID Display Week 2025, the world’s largest display exhibition, where it will showcase next-generation automotive displays.

SID Display Week draws together global display companies and researchers to present research papers on new technologies and exhibit medium- to long-term future technologies alongside new products. This year’s event is being held in San Jose, California, for three days from May 13 (local time).

LG Display plans to showcase the world’s best automotive displays optimized for future mobility under the theme “Driving the future.”

In line with the growing trend of larger and more numerous automotive displays amid the increasing importance of automotive infotainment systems, LG Display will introduce solutions that break boundaries in various aspects, including form, size, and picture quality.

With its Stretchable automotive display solution that can turn every interior space into a display, the company is presenting the potential for design innovation geared towards future mobility.

LG Display has maximized aesthetics and convenience by applying a Stretchable display to a vehicle’s center fascia area. The display can expand by up to 50% while maintaining a high resolution of 100 ppi (pixels per inch), comparable to that of a standard monitor, and full RGB color.

A conventional vehicle’s center fascia area requires a separate automotive display and physical buttons. With the application of a Stretchable display, however, the screen can freely expand, allowing the display and buttons to merge seamlessly into a single screen. When the screen is touched, the previously flat display flexibly expands and protrudes touch buttons, making it easy to operate even while driving.

The company will also showcase various world-leading form factor innovations, including a Pillar-to-Pillar product optimized for Software-Defined Vehicles (SDVs) and a Slidable OLED display that can be rolled up and hidden in a vehicle’s interior ceiling.

LG Display, which recently achieved the first commercialization of a 40-inch Pillar-to-Pillar display, will exhibit a 57-inch automotive Pillar-to-Pillar display, the largest in the world as a single panel.

It is an ultra-large solution that spans the dashboard from the driver’s seat to the front passenger’s seat. It allows the driver to view vehicle information such as driving data and the air conditioning system at a glance, while also enabling high-definition enjoyment of varied content like movies and games.

The 18-inch Slidable OLED display extends downward from the ceiling only when needed. With OLED’s distinctive three-dimensional image quality, it enables entertainment functions and provides a new mobility experience.

The Pillar-to-Pillar and Slidable product lines introduced this time have secured reliability and durability to ensure they operate normally even in extreme environments, from freezing cold as low as -40°C to the extreme heat of 85°C, making them suitable for automotive use.

With the trend of larger automotive displays, a key viewing angle control technology that enhances safety is being showcased, known as Switchable Privacy Mode (SPM).

As the first in the industry to commercialize SPM, LG Display’s innovation allows the front passenger to watch movies or play games on the area of the display in front of them, while driving safety is supported as the passenger’s entertainment content is kept invisible from the driver’s seat.

Having also become the world’s first to commercialize Tandem OLED for automotive displays in 2019, LG Display is strengthening its leadership in premium automotive displays based on its full lineup of related world-class technologies, including P-OLED, Advanced Thin OLED (ATO), and high-end LTPS LCD.

“At SID Display Week 2025, we will continue to showcase new technologies that can create differentiated customer value, solidifying our status as the global number one with the world’s best automotive displays,” said Keuk-sang Kwon, Head of Auto Business Group at LG Display.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:

Joo Yeon Jennifer Ha, Manager, Communication Team
Email: hjy05@lgdisplay.com 

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SOURCE LG Display

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