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AERKOMM Expands Presence in Asia Through New Partnership with Eutelsat’s OneWeb LEO Services

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SILICON VALLEY, Calif., Oct. 21, 2024 /PRNewswire/ — AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM), a pioneering U.S.-based satellite communication technology company, is excited to announce the signing of a Distribution Partner Agreement (DPA) with Eutelsat Group to leverage its OneWeb Low-Earth Orbit (LEO) satellite services.  The agreement, concluded in late September 2024, grants AERKOMM Inc.’s subsidiary, AERKOMM Japan, the distribution rights for LEO connectivity services in Japan for the commercial fixed and land mobility sectors, as well as in Taiwan for the commercial land mobility market. This partnership underscores the company’s commitment to expanding its global footprint and delivering advanced satellite communication solutions across Asia.

With Eutelsat OneWeb’s LEO satellite coverage, users can benefit from superior features like low latency and high throughput compared to Geostationary Orbit (GEO) satellites. The OneWeb constellation’s 634 satellites, provide global coverage coupled with the reliability, affordability, and lightweight design of satellite user terminals, along with attractive pricing and innovative value-added services, which are expected to accelerate adoption in target markets and enhance the overall user experience.

“We are delighted to partner with Eutelsat OneWeb to extend our advanced satellite communication solutions and services across Japan and Taiwan,” said Louis Giordimaina, CEO of AERKOMM, “This collaboration marks a pivotal milestone in our growth and expansion strategy, enabling us to deliver cutting-edge multi-orbit and multi-network connectivity solutions to a broader range of customers in these key markets.”

Neha Idnani, Regional Vice President, APAC, Eutelsat OneWeb added: “We are excited to collaborate with AERKOMM to provide low latency, high-speed connectivity services across Asia. Our OneWeb LEO network is ideally positioned to deliver real-time communications and connectivity for remote and rural businesses and communities, while also supporting land mobility applications, such as connected public safety vehicles. Together, we are paving the way for a more connected future.”

With respect to the land mobility distribution rights in Japan and Taiwan, market research indicates significant global growth in the land mobility sector, particularly among “Comms on-the-Move” users such as roamers, RVers, and campers. These groups embody “work and play” lifestyles that align well with LEO satellite broadband services, providing high-speed connectivity along with user terminals that are easy to carry and convenient to use while on the move, addressing the unique demands of land-based customers.

Research by Mordor Intelligence projects that the Recreational Vehicle (RV) market will grow from USD 33.23 billion in 2024 to USD 49.18 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.15%. This growth is driven by the recovery from the COVID-19 pandemic and a notable shift in consumer preferences toward caravans over traditional hotel accommodations. Additionally, the proliferation of rental services in emerging markets and an increasing number of active campers are boosting demand for RVs. Given these trends, LEO satellite broadband communication services emerge as the optimal connectivity solution for this expanding market.

In Japan’s commercial fixed market, some metropolitan areas experience inadequate broadband coverage, while many rural and offshore areas lack service altogether, highlighting the urgent need for enhanced connectivity solutions. LEO satellite broadband services are well-positioned to effectively address these coverage gaps. Given the competitive landscape of broadband in Japan, the Company is set to provide enhanced service solutions, value-added services, and implement unique marketing and sales strategies while collaborating with potential sales channel partners to attract target users and convert existing subscribers with inadequate internet service.

For upfront technology development, “Direct to Cell” technology, which integrates satellite communication into 5G and future 6G mobile phones or user terminals, is emerging as a key trend that AERKOMM is actively pursuing. This technology enables users to connect directly to satellite networks without the need for a terrestrial base station, thus providing mobile connectivity in areas with limited or no traditional cellular coverage. Concurrently, AERKOMM is proactively developing Mesh network solutions for Non-Terrestrial Networks (NTN) and satellite networks to enhance efficient and resilient connectivity, as well as improve resource management performance.

This partnership with Eutelsat OneWeb marks a crucial step toward meeting the growing demand for reliable and resilient broadband access in various regions. By harnessing innovative satellite technology and strategic marketing initiatives, AERKOMM aims to offer diverse connectivity solutions and services for users across Japan and Taiwan while capitalizing on the unique needs emerging in expanding markets. This collaboration not only strengthens the Company’s market position but also underscores its commitment to advancing technological innovations in satellite communications, driving new revenue growth and enhancing customer experiences across multiple sectors.

AERKOMM is dedicated to investing in technology, talent, and global partnerships, positioning itself as a premier partner in the Civilian Telecommunications and Defense sectors. This strategic focus ensures a competitive edge and the delivery of exceptional value, underscoring the Company’s unwavering commitment to excellence.

Forward-Looking Statements:
This press release contains forward-looking statements regarding AERKOMM Inc. and its future operations, financial performance, and market conditions. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Factors that could impact future results include, but are not limited to, market conditions, competition, regulatory changes, and the company’s ability to execute its business strategy. Readers are cautioned not to place undue reliance on these forward-looking statements.

Media Contact: Jessica Hsu
E-mail: jessica.hsu@aerkomm.com
Tel: +1 877 742 3094
www.aerkomm.com

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SOURCE AERKOMM Inc.

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HUYA Inc. to Report Third Quarter 2024 Financial Results on Tuesday, November 12, 2024

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-Earnings Webinar Scheduled for 7:00 a.m. ET on November 12, 2024

GUANGZHOU, China, Oct. 22, 2024 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game live streaming platform in China, today announced that it will report its third quarter 2024 unaudited financial results on Tuesday, November 12, 2024, before the open of U.S. markets.

The Company’s management will host a Tencent Meeting Webinar at 7:00 a.m. U.S. Eastern Time on November 12, 2024 (8:00 p.m. Beijing/Hong Kong time on November 12, 2024), to review and discuss the Company’s business and financial performance.

For participants who wish to join the webinar, please complete the online registration in advance using the links provided below. Upon registration, participants will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.

Participant Online Registration

A live webcast of the webinar will be accessible at https://ir.huya.com, and a replay of the webcast will be available following the session.

[1] For the purpose of this announcement only, Chinese Mainland excludes the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People’s Republic of China, and Taiwan.

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China. As a technology-driven company, Huya offers rich and dynamic content across games, e-sports, and other entertainment genres where it has cultivated a large, highly engaged, interactive, immersive community of game enthusiasts. Building on its success in game live streaming and through close collaboration with game companies, e-sports tournament organizers, broadcasters and talent agencies, Huya is expanding its presence in the game industry, both domestically and internationally. By providing more innovative game-related services, the Company is committed to meeting the evolving needs of game enthusiasts, content creators, and industry partners.

For more information, please visit: https://ir.huya.com.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

View original content:https://www.prnewswire.com/news-releases/huya-inc-to-report-third-quarter-2024-financial-results-on-tuesday-november-12-2024-302282799.html

SOURCE HUYA Inc.

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Lightspeed Commerce Releases Insight Driven Product Updates for Q2

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New product updates focus on providing merchants with a deeper understanding of their–and their competitors–businesses

MONTREAL, Oct. 22, 2024 /PRNewswire/ – Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) (“Lightspeed” or the “Company”), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, today highlighted some of the key product innovations launched in the past quarter to support the Company’s customer base in retail and hospitality.

Focused on improving business effectiveness and operational efficiency, the releases in the past few months have streamlined business management to help create faster workflows, predict sales opportunities and compare the health of their business against industry benchmarks.

“This past quarter we’ve delivered on some exciting and cutting-edge technology innovations,” said Dax Dasilva, Founder and Chief Executive Officer of Lightspeed. “Whether you’re a retailer looking to better capitalize on product sales opportunities, or a restaurateur who needs to better understand their business in context to your peers, we’ve opened up real opportunities to improve business performance and maximize sales.”

Lightspeed’s Q2 innovations brought a number of new products and feature sets across the retail and hospitality industries, including:

Retail

Increased sales opportunities and better inventory management with Retail Insights
Launched globally in August, Retail Insights allows Lightspeed customers to close the gap on missed sales opportunities by using historical and real time data to forecast demand which factors in stock-outs, and create purchase orders ahead of demand.Keep your sales, and peace of mind, with Offline Mode
With Offline Mode, Lightspeed Retail merchants can continue to run business as usual even during outage situations. When a terminal detects that the internet connection has been lost, Lightspeed’s POS will be prompted to enable offline mode to process payments. Merchants can manually enter the sale amounts and have the customer pay using a card payment like normal. The payment will be stored on the terminal until the internet connection has been restored. All stored payments will then be transferred to Lightspeed for processing and merchant portal payments will be updated accordingly.Automatic Order Distribution to Multiple Locations
Distributing stock from a purchase order to multiple locations can be challenging. With Lightspeed Multi-Location Ordering, retailers can now create one purchase order for multiple locations and after receiving it at a warehouse automatically create transfers to distribute the stock out.Instant Payouts for Retailers Comes to the UK
Cash flow is the most crucial part of running a business. With the launch of Instant Payouts to UK merchants, eligible Lightspeed merchants will be able to access funds immediately after the transaction–even on weekends and holidays–and manage daily expenses, pay suppliers and invest in growth opportunities. Instant Payouts is already available to Lightspeed Retail customers currently based in the U.S.

Hospitality

Groundbreaking AI-driven Benchmarks & Trends for the Hospitality industry
Through the power of machine learning and AI, Benchmarks & Trends gives restaurateurs the insights they need to help boost revenue, streamline operations, and gain a competitive edge in a crowded dining landscape.Spot trends faster with the new Sales Summary page
Leveraging improved data visualization, customers can now better understand what’s happening with their business, identify sales trends and pinpoint where losses are happening. This visual guide clearly outlines the busiest periods throughout the week and provides insights into what’s affecting performance.Happy Hour on Order Anywhere
Extend POS happy hour pricing to Order Anywhere. This feature allows businesses to dynamically adjust their menu pricing, allowing guests to take advantage of happy hour pricing ordering online from their table.Menu management made easy through bulk actions
Customers can manage their menu faster than ever with new bulk actions in the item library. Assign static categories, accounting groups, production instructions, etc. Archive or unarchive up to a hundred items at a time.Issue partial refunds directly from the POS
Partial refunds directly from the POS are now enabled for all merchants. This feature gives users the flexibility to refund specific items, service charges and tips, making it easier to provide excellent customer service.

eCommerce

Endless opportunities with custom sections for the Instant Site
Merchants and partners can now develop and design new sections for Lightspeed eCommerce Instant Site. Giving merchants and developers the tools to build unique customer experiences tailored to their business or design an online store that matches their vision and takes their brand to the next level.

Lightspeed powers the world’s best restaurants and retailers including: Taverne Atlantic (Montréal), Tony’s Chocolonely (Amsterdam), Alinea Group (Chicago), L’Occitane (New Zealand), and Kei (Paris).

For more information, see https://www.lightspeedhq.com/.

About Lightspeed

Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale, and provide exceptional omnichannel customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across North America, Europe, and Asia Pacific, the company serves retail, hospitality, and golf businesses in over 100 countries.

Follow us on social media: LinkedIn, Facebook, Instagram, YouTube, and X.

Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”), including information regarding Lightspeed’s product offerings and planned product roadmap. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations, under “Risk Factors” in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed’s subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lightspeed-commerce-releases-insight-driven-product-updates-for-q2-302282360.html

SOURCE Lightspeed Commerce Inc.

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meviy Introduces Anodized Aluminum Sheet Metal

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SCHAUMBURG, Ill., Oct. 22, 2024 /PRNewswire/ — meviy, the cutting-edge parts procurement platform developed by MISUMI Group Inc. is pleased to announce the latest addition to its Sheet Metal Service: Anodized Aluminum (Pre-Finished) Sheets. Customers can now access these high-quality, pre-finished sheets with lead times as short as five days. This release provides the perfect solution for those in need of anodized aluminum products quickly and efficiently.

For users working with 3D CAD designs, meviy’s anodized aluminum sheets offer a new level of versatility and precision. Available in both Clear and Black finishes, these sheets provide an attractive, corrosion-resistant surface while maintaining the strength and lightweight characteristics of aluminum.

Key Features of meviy’s Anodized Aluminum Sheets:

Rapid Lead Times: Lead times as short as five days ensure that production timelines remain uninterrupted.Customizable Thickness: A variety of thicknesses are available to meet specific design requirements.High-Quality Surface Finish: The anodized coating offers enhanced corrosion resistance and a sleek, uniform appearance.

To ensure optimal results when integrating meviy’s anodized aluminum sheets into projects, several factors should be considered:

Cut Surfaces: Pre-finished sheets will not have a surface finish on cut edges (see Figure 1). If a finished look is required on these surfaces, it is recommended to select a material that is not pre-finished and specify anodizing after cutting.Bending and Color Variations: The surface treatment may peel at bends, (see Figure 2) and slight color differences can occur depending on part shape and cutting method. Surface treatment thickness cannot be specified, and variations in plating appearance may occur depending on the delivery date.Assembly Considerations: Assembled components, such as nuts, will not be anodized.

This new offering from meviy provides a robust solution that balances durability, lightweight properties, and aesthetic appeal. Whether designing for consumer products, automotive applications, or industrial equipment, meviy’s anodized aluminum sheets provide the quality and performance needed.

For detailed color comparisons between meviy’s anodized aluminum plated products and pre-finished sheets, please click here. meviy’s anodized aluminum sheets are now available to streamline the production process with fast and reliable service.

For more information or to place an order, click here.

About meviy:
meviy is a next-generation manufacturing platform that offers instant quotations and on-demand custom mechanical parts services, empowering businesses to optimize efficiency and achieve unparalleled success in the competitive market landscape.

About MISUMI:
MISUMI is a global distributor and manufacturer of industrial automation components. With a commitment to offering efficient, cost-effective solutions, MISUMI is a single source for the electric vehicle manufacturing and assembly industry. MISUMI’s catalog of highly configurable components is a fast, reliable, and cost-effective option for last-minute design changes, prototyping, and meeting full-scale design and application requirements.

View original content to download multimedia:https://www.prnewswire.com/news-releases/meviy-introduces-anodized-aluminum-sheet-metal-302273119.html

SOURCE MISUMI USA

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