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Elwood sells OTC business to Zodia Markets in landmark deal

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LONDON, July 17, 2024 /PRNewswire/ — Elwood Technologies (“Elwood”), a leading provider of digital asset execution and portfolio management software, and Zodia Markets, a prominent UK-headquartered digital asset trading business backed by Standard Chartered, are pleased to announce that Zodia Markets has agreed to acquire Elwood Capital Management Ltd (“ECML”), Elwood’s Digital Asset OTC trading business based in Jersey and regulated by the Jersey Financial Services Commission.

The sale of ECML to Zodia Markets represents Elwood’s ongoing commitment to focus on and enhance its institutional-grade SaaS products and services. These include an Execution Management System (“EMS”) with advanced tools for accessing liquidity, and an institutional-grade Portfolio & Risk Management System (“PMS”) with enhanced portfolio management and risk capabilities.

ECML has been instrumental in providing liquidity solutions to its global client base spanning asset managers, token foundations, family offices and leading digital asset businesses. The acquisition by Zodia Markets, who run businesses registered by the UK’s FCA, Central Bank of Ireland, and approved in principle in Abu Dhabi Global Market, marks another significant step in the firm’s ongoing expansion strategy. The acquisition solidifies its regulated presence, enabling enhanced services to institutional clients worldwide.

“This sale marks an important new chapter for Elwood and strengthens our position as a leading provider of execution and portfolio management software for global institutions that trade and manage digital assets,” said Chris Lawn, CEO of Elwood. “The sale of our OTC trading business supports Elwood’s strategic plan to build a world-class end-to-end EMS and PMS software platform and allows us to fully dedicate our resources to the SaaS business. In line with our vision, Elwood has been investing heavily in our software platform and we recently completed the build-out and integration of our new PMS with advanced capabilities.”

“We are confident that our strategic partner Zodia Markets will continue to provide exceptional service to OTC clients and we will be working closely with them to ensure a smooth transition.”

Following completion of the transaction, the entity will be known as Zodia Markets Jersey Ltd.

Usman Ahmad, Co-Founder and CEO of Zodia Markets, shared, “This acquisition is a significant progression to create greater diversification in our service offering and footprint, enabling scale and accelerating product capability. Building on our exceptional growth in the first half of the year, we are well-positioned to further capitalise on the global institutional demand for digital asset solutions.

Usman continued, “Acquiring a successful, established business with a similar regulatory-first mindset allows us to extend our offering to the clients we will welcome and provide our existing clients with a broader suite of capabilities and value. Our commitment to driving sustained growth remains paramount, as we continue to innovate at the forefront of the digital asset sector and be the go-to trading partner for institutions.”

About Elwood:

Elwood is an established, global fintech building digital assets infrastructure for institutional investors. Its seamless end-to-end SaaS platform connects to global crypto exchanges and liquidity providers and delivers execution and portfolio analytics functionality with advanced risk management tools for digital asset markets. Built by industry experts with decades of combined experience in traditional finance and digital technology, Elwood provides market infrastructure at scale, enabling financial institutions, neobanks, and corporations to access digital asset markets quickly and efficiently.

About Zodia Markets

Zodia Markets is an institutional digital asset trading business whose mission is to make the unfamiliar, familiar. We are the trusted institutional trading partner for corporations and institutions who want to trade in digital assets, but who don’t want to compromise on the standards and principles associated with traditional finance. Zodia Markets is backed by SC Ventures, the innovation, and ventures unit of Standard Chartered, and OSL Group, Asia’s leading digital asset company. For more information visit www.zodiamarkets.com or contact us directly at contact@zodiamarkets.com.

CONTACT INFORMATION
Jennifer Berlin
Forefront Communications
+44 (0) 7375 288 641
jberlin@forefrontcomms.com

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Successful Conclusion of the Inspur Software Technology Overseas Product Launch Conference in Jakarta

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JINAN, China, Sept. 25, 2024 /PRNewswire/ — The Inspur Software Technology Overseas Product Launch Conference was successfully held in Jakarta, Indonesia on September 24. This event focused on Inspur’s international product strategy and featured the significant launch of two key products: Super Portal and SmartWave IoT, providing strong momentum for the digital transformation of governments and enterprises worldwide.

In the current wave of digitalization, governments and businesses face challenges such as a proliferation of application systems and redundant data entry, creating invisible digital divides that hinder efficient development. In response, Inspur has introduced Super Portal, which comprehensively integrates data, services, applications, interfaces, and knowledge. This solution optimizes operational processes for government and enterprise users, enhances digital capabilities, and drives transformation and upgrades across various industries.

In addition, in response to the deep-seated demands of digital transformation, Inspur Software Technology has developed the SmartWave IoT platform to provide customized IoT solutions for various industries both domestically and internationally, facilitating their digital transformation and intelligent upgrades. The platform supports multiple deployment options, allowing it to easily adapt to diverse scenario requirements. Additionally, it offers various tools for diagnosing issues with abnormal devices, enabling rapid identification and resolution of device problems, greatly streamlining the maintenance management process.

Notably, the SmartWave IoT platform demonstrates robust device interaction and collaboration capabilities through its advanced rule engine and process orchestration technology. In emergency situations, it can automatically trigger relevant devices to effectively respond to unforeseen events. For instance, in the Xishuangbanna Asian Elephant Early Warning Monitoring Project, the platform successfully supported real-time observation and second-level alerts for wild Asian elephants, effectively mitigating potential risks of human-elephant conflict.

View original content:https://www.prnewswire.com/apac/news-releases/successful-conclusion-of-the-inspur-software-technology-overseas-product-launch-conference-in-jakarta-302257867.html

SOURCE Inspur Software Technology (IST)

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ASAA88 Upgrades Their Online Casino Singapore Website

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SINGAPORE, Sept. 25, 2024 /PRNewswire/ — ASAA88, Singapore’s top gaming portal, is pleased to announce the launch of their newly designed, faster and more responsive website. As the demand for online casino Singapore keeps growing, the team has been continuously working on improving the player experience – which all betting enthusiasts can witness for themselves on the new site.

ASAA88 knows how important it is for its customers to have fun when it comes to online betting in Singapore. The updated website makes it easier to find and play their favorite games, as it loads faster and adds more tools to the interface.

Several Singaporeans visit ASAA88 on a daily basis to try betting games online. It has become one of the most popular online betting sites in Singapore. The user interface, excellent customer support and the wide variety of esports, betting games and casino games is what attracts the audience.

With the new upgrades, the website will be even better than before. The new, modern, responsive design makes the website compatible with a wide range of devices- rendering perfectly across computers, tablets, and smartphones- which creates a seamless, immersive experience for all players. This means that ASAA88’s huge library of online casino games is always open, and players can use any gadget to place their bets from anywhere.

Jayden, as an Admin for the ASAA88, said, “Millions of players prefer our platform for its ease of use, prompt customer support, and transparent guidelines. With this update, accounts will be handled faster, we can serve our customers better and make the experience smooth for anyone looking for Online betting in Singapore. With a clear focus on player satisfaction, innovation, and technology, we’re continuously adding to our extensive collection of entertaining and trendy games. We are always happy to hear from our clients to understand their expectations better.”

The launch of the new website marks another milestone in ASAA88’s journey to provide the best experience for all betting enthusiasts. The company is committed to leverage the latest technologies to enhance their offerings and satisfy their customers – as it keeps inching closer to becoming Singapore’s premier betting destination.

CONTACT:
Name: Jayden
Email id: admin@asaa88.net
Contact: +6011-13262217

 

View original content:https://www.prnewswire.co.uk/news-releases/asaa88-upgrades-their-online-casino-singapore-website-302256905.html

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SINOTRUK Unveils Latest Lineup at IAA Transportation 2024

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BEIJING, Sept. 23, 2024 /PRNewswire/ — A report from China Automotive News.

At the IAA Transportation 2024 in Hannover, SINOTRUK showcases seven advanced models including Yellow River with ultra-low drag coefficient SITRAK hydrogen fuel cell tractor, and HOWO Tongshuai battery electric light truck etc., which could be visited at Booth C08 in Halls 19&20. 

SINOTRUK fulfills its commitment to green, intelligent, and efficient solutions, contributing Chinese expertise and innovation to shape the future of global commercial industry.

Eastern Aesthetics, Driven by Technological Innovation
Pioneering in China’s commercial vehicle sector, SINOTRUK has maintained a global perspective since entering international markets in 2004. SINOTRUK has topped the export sales of heavy trucks in China for 19 consecutive years, with products exported to more than 150 countries and regions. SINOTRUK has established a comprehensive sales and service network in Asia, Africa, Europe, and South America. SINOTRUK has won widespread recognition for its reliability and good performance, demonstrating strong global competitiveness.

SINOTRUK launched a complete lineup of green energy vehicles with Intelligent driving assistance system at the IAA 2024.This exhibition unfolds SINOTRUK’s expertise and vision in revolutionizing the commercial vehicle sector.

SINOTRUK’s booth shines on media day, with six innovative models exhibited. A full series of truck models covers a wide range of work scenarios, from heavy-duty trucks to light trucks and pickups.

Pioneering the Future, In Sync with a Global Green Revolution

Yellow River with ultra-low drag coefficient heavy truck
The Yellow River outperforms its counterparts in fuel efficiency and driving mileage. Multiple innovative designs were adopted to reduce drag coefficient such as electronic side mirrors, hidden door handles, and bio-mimetic fish-back trailer. A drag coefficient record at 0.286Cd could not have been set without four prototype generations and more than 500 rounds of high-precision CFD simulations conducted by a dedicated team of over 120 engineers. The record was certified by leading agencies such as TÜV Rheinland, IDIADA, and CATRC (China Automotive Technology & Research Center).

SITRAK hydrogen fuel cell tractor
SITRAK hydrogen fuel cell tractor is aimed at zero-emission long-haul transportation. Equipped with independently developed hydrogen fuel cell system, electric drive axle, intelligent powertrain and advanced control technologies, this model enables a mileage range of 1,200 kilometers. Highlighted parameters incorporate 1,100kW output and torque of 86,000N•m., dual 275kW PMSM motors on each axle, two-speed integrated electric drive axle and a comprehensive efficiency of 94.5%.  Automatic and manual modes are for options.

SITRAK Battery Electric Tractor
SITRAK electric tractor provides an efficient and reliable solution for long-haul logistics. It adopts integrated modular and Cell-to-Body design, equipped with intelligent drive system and luxurious cabin. 600kWh CATL CTB LFP modular power battery pack is mounted, which delivers a total power output of 825kW and a maximum torque of 75,000N•m, with the transmission efficiency exceeding 94.5%. The vehicle offers a range of 450 kilometers, making it a perfect solution for long-haul logistics.

HOWO Tongshuai Pro Light Truck
HOWO Tongshuai Pro stands out for its excellent efficiency and long mileage range. This model adopts a centrally-mounted 100kWh blade battery pack, which ensures safety and enables fast-charging—from 20% to 80% in just 20 minutes. The modular flat-wire permanent magnet synchronous motor generates a peak power of 140kW, while the two-speed integrated electric drive axle improves power performance by 50% and reduces overall energy consumption by 10%. The truck allows a 300 kilometers trip by a single charge.

Bolden Pickup
SINOTRUK’s Bolden pickup made its debut at IAA 2024, it offers varied models tailored for off-road, commercial, and passenger use. Bolden pickup possesses powerful performance, luxurious interiors, and intelligent safety features. The powertrain is composed of a Weichai WP2H 2.0 Turbo diesel engine and SINOTRUK’s 8-speed automatic transmission, ensuring smooth and reliable performance.

Bolden pickup presents its latest low-carbon, sustainable, and intelligent transportation solution to global customers and partners.

 

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SOURCE China Automotive News

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