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Tuya Partners with Industry Pioneers to Forge an AI Ecosystem at the 2024 Tuya Global Developer Summit in the Middle East

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NEW YORK, Oct. 21, 2024 /PRNewswire/ — Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, together with Alibaba Cloud, digital technology and intelligence backbone of Alibaba Group successfully held the 2024 Tuya Global Developer Summit in Dubai, UAE. Marking its debut in the Middle East, the summit facilitated collaboration with global industry thought leaders to impart visionary insights and practical expertise to developers, empowering them to harness boundless business opportunities within the AI era.

Themed “AI in All Sustainable Spaces,” the summit committed to leverage Tuya’s cutting-edge AI capabilities and beyond to drive the smart transformation of Dubai and the broader Middle East region with global developers, thereby expediting the creation of a more sustainable and intelligent urban environment.

Wenjin Mao, Commercial Representative, Office of Zhejiang Province in UAE (Middle-East), presented the opening speech. He commented, “In recent years, the ‘Belt and Road’ initiative has strengthened the economic and trade ties, as well as investment cooperation, between the Middle East and Zhejiang. The Tuya Global Developer Summit is setting up an even wider stage for businesses in the Middle East and worldwide, which is poised to drive tech innovation and industrial progress in the region, providing significant economic and social benefits. We eagerly anticipate more Middle Eastern enterprises using this summit as a networking hub and the annual Global Digital Trade Expo in Hangzhou every September as a formal gateway, to grasp the opportunities of our era and chart a new course in smart technology together.”

AI Powers the Future, Steering Industry Evolution

AI has emerged as a pivotal competitive edge for enterprises in their growth trajectory. Recent studies indicate a substantial surge in AI adoption by businesses worldwide over the past five years. By 2026, it is projected that a staggering 80% of global enterprises will integrate AI technology into their operations.

Alex Yang, Co-Founder, COO and CFO of Tuya Smart, delivered a keynote speech at the summit titled “AI for a Sustainable Future.” He emphasized, “Currently, AI has been extensively integrated into a multitude of smart devices. The collective operation of these devices has the potential to drastically reduce energy consumption in buildings. For instance, our AI-enhanced Tuya HEMS system has been shown to help households cut their electricity expenses by over 35%. The interconnection of numerous smart spaces and devices contributes to the development of smart cities. To advance this process globally, we have established an AI Agent development platform. This platform enables developers to craft unique AI products and solutions, enriching everyday smart living experiences.”

Eric Wan, General Manager of Middle East, Turkey & Africa, Alibaba Cloud Intelligence, spoke on the topic “Empowering Developers with Alibaba Cloud’s Capability and Ecosystem.” Wan noted, “To help developers further enhance their competitiveness, Alibaba Cloud has reduced cloud costs and utilized our cloud computing infrastructure and platform to assist developers in learning and practicing various emerging technologies, such as AI. As Alibaba Cloud continues to expand our business, we have developed a diverse range of ecosystems encompassing products, industries, regions, and education, which can provide a variety of services to numerous SMEs and help them generate more revenue. Tuya’s technological capabilities in cloud computing and AI are well-recognized and can help enhance the capability of our platform. We look forward to collaborating with more innovative companies like Tuya to jointly promote technological advancement and business innovation across the industry.”

Following the speech, Alibaba Cloud and Tuya co-hosted a launch ceremony, announcing their collaboration plan on the global rollout of Tuya IoT platform on Alibaba Cloud global marketplace. By seamlessly integrating Tuya’s IoT platform with Alibaba Cloud’s cloud infrastructure, the global partnership aims to provide developers with access to tools and resources to innovate in IoT, AI, and smart home technologies, thereby creating an open and collaborative ecosystem worldwide.

Junhao Zheng, Senior Cloud Development Engineer of Tuya Smart, spoke on “The Innovation Engine of the AI+IoT Ecosystem.” Zheng explained, “AI and IoT are intrinsically linked; IoT provides a wealth of data for AI, while AI offers IoT sophisticated decision-making support to navigate complex, dynamic environments. Consequently, Tuya has merged these technologies to construct a cutting-edge cloud developer platform. This platform not only accelerates the development of smart products by developers but also equips smart devices with rich generative AI capabilities through our AI Agent development platform, effectively fueling product innovation and empowering developers to capitalize on market opportunities.”

Dr. Kushnazarov Farruh, Senior Data Scientist at Alibaba Cloud, delivered a speech on “Reshaping Alibaba Cloud for the Generative AI Era” Dr. Farruh commented, “We are proactive in fostering open-source ecosystems, particularly in avant-garde fields like large language models and AI development, continuously contributing our expertise. With the advent of generative AI, we’ve augmented features such as information privacy and multilingual support to large language model applications, catering to the diverse demands of enterprises. In the future, we aim to collaborate with companies like Tuya to create more practical AI large model tools, setting the pace for new industry trends.”

Rain Xing, Product Solution Architect Director at Ant Digital Technologies, spoke on “Riding the Digital Wave: How Super Apps and AI are Transforming Industries for the Future” Xing stated, “Our mPaaS mini-app platform is a comprehensive, end-to-end solution for mobile development, testing, operation, and maintenance, enabling customers to operate within their apps and cultivate an open business ecosystem. With AI enhancements, the mPaaS platform has gained the ability to autonomously generate mini-apps, AI-assisted development, AI digital avatars, and AI chatbots, significantly boosting work efficiency and service levels. We look forward to welcoming companies with robust AI capabilities, such as Tuya, to join us in exploring the boundless potential of AI technology, leading the industrial transformation of tomorrow.”

AI-Enhanced Transformation: Redefining Smart Living Spaces

The summit featured a roundtable discussion themed “AI in Smart Living Spaces”, where Tuya engaged with industry trailblazers to delve into the cutting-edge trends and innovative applications of AI within residential environments. This session offered global developers profound industry insights and strategic guidance for future development, equipping them to seize market opportunities.

Dr. Nourhan N. Moussa, Director of Digital Transformation at MLG, commented, “At MLG, our mission is to forge sustainable and smart transportation and logistics solutions. Through extensive exploration in smart transportation, we’ve developed a suite of solutions that significantly aid cities in achieving intelligent management. Tuya’s proficiency in AI technology in this domain is notable. We look forward to enhancing our collaboration with Tuya to drive innovation and practical applications in the realm of smart transportation.”

Vivian Chen, CEO of Gallery Five Group, stated, “Our vision is to transform every aspect of the urban landscape into a vibrant artform and to be a catalyst for the evolution of urban living. To realize this, we champion innovative design and the sustainable development of urban spaces, blending art, technology, and environmental considerations. This approach not only enhances the city’s aesthetic but also elevates the quality of life and happiness of its inhabitants. In the future, we aim to partner with Tuya to integrate cutting-edge technologies like AI into urban development, jointly exploring the vast potential of smart cities.”

Propelling Smart Energy Management Forward: AI Unveils New Ventures

Following the momentum, Tuya convened its second roundtable, centered on the theme “AI in Energy Management”, where experts engaged in comprehensive discussions on AI, energy, and sustainability, guiding global developers in uncovering business potential.

Harvey Zhang, Director of Energy Solution at Tuya Smart, said, “AI is a pivotal force in driving the low-carbon transition of the energy sector. Tuya has enhanced its energy management platform. Utilizing AI models that predict power generation and consumption, this platform offers developers optimal energy scheduling recommendations for lighting storage and charging, effectively facilitating energy savings for households. Moreover, this solution enables precise energy management through the installation of intelligent devices such as water, electricity, and gas meters, and automates energy consumption management via sensor scene linkage, thereby assisting enterprises in reducing their energy expenses.”

Watson Chai, Vice President and Board of Director at CNLIGHT, said, “In pursuit of the dual carbon goal, new industrial opportunities have arisen. We steadfastly embrace sustainable development by integrating smart lighting solutions with energy management technologies. With Tuya’s support, our solutions maximize electricity savings for customers. As AI rapidly evolves, we are committed to incorporating it into our offerings, providing users with an enhanced, eco-friendly lighting experience.”

Khaled Farekh, CEO of FASTNET, shared, “As a leader in smart home and building solutions in Saudi Arabia, FASTNET is dedicated to building automation and low current systems. To promote greener development for families and businesses, we are integrating AI into our energy management systems, enhancing the energy-saving capabilities of our solutions. The summit showcased Tuya’s excellence in energy technology, and we look forward to collaborating with Tuya to accelerate global sustainable development.”

The 2024 Tuya Global Developer Summit (Middle East) highlighted Tuya’s advanced AI technology and its strategic commitment to the global smart market. Moving forward, Tuya will continue to partner with developers worldwide to pioneer AI-driven products and solutions in energy management and smart homes, paving the way for a more intelligent, efficient, and sustainable lifestyle for all.

 

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Québec Waste Reduction Week – Old Cell Phones and Small Electronic Devices: EPRA-Québec Calls on the Population to Recycle Their Old Electronics

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October 21, 2024

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MONTRÉAL, Oct. 21, 2024 /CNW/ – With Québec Waste Reduction Week (QWRW) set to run between October 21 and 27, the Electronic Products Recycling Association of Québec (EPRA‑Québec) is proud to contribute to the health of our planet and invites all Quebecers to take concrete action by recycling their old electronics. Notably, EPRA‑Québec continues to emphasize the importance of recovering old cell phones and other small devices that can no longer be used, such as MP3 players, digital cameras, and headphones since these products tend to have lower recycling rates across the province.

While these devices are widely used, they are also those most often forgotten in the bottom of a drawer, given their small size and the little space they take up. According to a CROP survey conducted last June for EPRA‑Québec, the top three old electronic products that people own but want to get rid of are cell phones/smart phones, computer accessories, and laptop computers.

Recycling old electronics: an action that is easy and accessible

The Recycle My Electronics™ program offers more than 1,000 authorized drop-off points, accessible free of charge, all over Québec, including some 200 smartbins, also known as electrobacs. These bins make it easier to collect small electronic devices (cell phones, various wires and cables, MP3 players, tablets, headphones, chargers, etc.) as they are in places frequented daily by the population, such as grocery stores, shopping centres, educational institutions, or public transit facilities.

“There are many reasons why we hold on to a cell phone or any other old electronic device that we no longer use. Whether people don’t know where to bring them or they worry their personal information will be exposed, I want to reassure them,” says Martin Carli, scientist and EPRA‑Québec’s official spokesperson. “Knowing that close to one in two people (47%) currently has at home old electronics they want to get rid of, I want to remind the population that dropping them off at an authorized drop-off point is easy and important because recycling an old electronic product through the official program restores its value in an ecological and safe way.”

To see the complete list of accepted products, to find an authorized drop-off point in Québec, and to get more information on electronics recycling, visit https://recyclemyelectronics.ca/qc.

Protecting the planet by recycling old electronics

Thanks to the participation of the Québec population, more than 19,000 tons of old electronics were collected in 2023. This is good news, but we must continue our efforts. The responsible recycling of end-of-life electronics does indeed help to protect the planet by recovering precious resources while reducing the amount of electronic waste in landfills.

EPRA-Québec takes charge of all electronics brought to any one of its authorized drop-off points, including several municipal ecocentres, many retailers as well as other organizations and companies. The devices are then sent to certified and approved companies located in Québec and compliant with Canadian standards, who ensure that they are handled in an environmentally friendly way while minimizing risks to health and safety. Once the products are dismantled, component materials such as metals, plastics and glass are sorted and recovered for the purpose of being processed and reused to make all kinds of new products, therefore preserving non-renewable natural resources.

About EPRA-Québec

As a recognized industry-led not-for-profit organization, EPRA-Québec provides an approved environmental compliance program for manufacturers, distributors and retailers of electronics marketed in Québec. It is responsible for implementing and operating on behalf of its stewards, a responsible program for the recovery and reclamation of electronic products. Its Recycle My Electronics™ program includes more than 1,000 authorized drop-off points accessible free of charge across the province and has helped divert more than 200,000 metric tonnes of old electronics from landfills since 2012.

SOURCE Electronic Products Recycling Association of Québec (EPRA Québec)

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The New Flat Rate builds connections, winning strategies at 2024 Business Uncensored

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October 21, 2024

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Award-winning price generating software company gives contractors actionable advice for today’s problems in home service industry

DALTON, Ga., Oct. 21, 2024 /PRNewswire/ — The New Flat Rate, the No. 1 price generating software for home service contractors, provided an opportunity for contractors to connect with their peers to build winning strategies and solutions during its annual Business Uncensored conference in Chattanooga, Tennessee.

The three-day event covered several areas of focus that provided value to contractors, from creating a successful work culture to maximizing paid ad efficiency.

“The true benefit of Business Uncensored lies in the close-knit atmosphere we provide contractors,” said Danielle Putnam, president of The New Flat Rate. “When they come to this event, they know they will be working alongside other contractors facing similar problems. This collaboration allows them to share stories and work together to develop solutions they can take back home and use to succeed. It’s the bonding and networking with others that makes Business Uncensored unique and special.”

The event featured several speakers who delivered strategic messages to help contractors succeed in today’s changing and competitive landscape.

Zac Garside, founder of Keep ‘Em: Email Marketing Services, was the keynote speaker at the event. His session “Automate Scalable Success with the Right Message” gave critical insight into email marketing for contractors.

Other notable speakers at the event included:

Jennifer Bagley of CI Web Group on navigating digital marketing.Steve Moon of Moon Services on employee value, yesterday, today and tomorrow.Matthew Bratsis and Donna Decoster of OPTIMUS Financing on The Amazon Effect.And many more

“Since 2020, the way businesses operate has changed dramatically, and this year we felt that it was important to focus on the actual problems facing contractors every day,” Putnam said. “We wanted our focus to revolve around actionable advice through real storytelling and experiences of industry experts. We often get advice that sounds great on the surface, but we wanted to dig deeper and bring more substance to help contractors solve their problems today.”

For more information about The New Flat Rate, please visit https://thenewflatrate.com/.

About The New Flat Rate
The New Flat Rate, Inc. pioneered the first menu pricing system for in-home essential service providers which has doubled and tripled the average service ticket for contractors across the United States and Canada. Targeting HVAC, Plumbing, and Electrical Service and Repair contractors, each market-specific edition is designed to do the bundling and upselling for technicians by providing hundreds of service, repair and equipment replacement “menus,” each with up to five straightforward options consumers can choose. Voted No. 1 retail pricing generator during the 2021 HARDI conference, The New Flat Rate develops processes to eliminate objections and lower sales resistance for service technicians. For more information, visit http://thenewflatrate.com/ or call 706-259-8892.

MEDIA CONTACT: 
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com

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SOURCE The New Flat Rate

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GES To Be Acquired by Truelink Capital

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October 21, 2024

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Transaction Supports Accelerated Growth

LAS VEGAS and LOS ANGELES, Oct. 21, 2024 /PRNewswire/ — GES, a leading provider in the global exhibition and event industry, announced today that its parent company, Viad Corp, and Truelink Capital, a Los Angeles based private equity firm, have entered into a definitive agreement whereby Truelink will acquire the GES business. The acquisition is expected to close by the end of 2024, subject to applicable and customary closing conditions.  

Derek Linde, GES President said, “This is an exciting time for GES. The business has tremendous momentum, and our team is driving strong revenue growth, margin expansion, and client service. The publicly traded Viad conglomerate has been a great home to GES for decades and we are excited to start a new chapter as a private company with Truelink, who believes in our ability to continue delivering industry leadership, innovation and growth.”

With over 2,600 employees and thousands of active union partners across the globe, GES and its companies have a decades-long history supporting the world’s leading brands and events in robust business verticals, including healthcare, aerospace & defense, financial services, manufacturing, technology, and retail, in a variety of event marketing capacities.

“GES is a trusted brand with a proven track record of delivering best-in-class services to the global exhibitions and experiential marketing verticals. We look forward to collaborating with this talented team to help the company realize its full potential,” Truelink’s Co-Founder and Managing Partner Luke Myers said.  

Included in the acquisition are GES Exhibitions, a major provider of global exhibitions & logistics services; Spiro, a leading global experiential agency; and onPeak, SHOWTECH, and Visit, which provide event accommodation, power/lighting and registration services. Upon closing, GES will become a privately-owned, stand-alone company within Truelink’s business portfolio and continue to deliver a range of best-in-class and value enhancing experiential solutions to clients. 

Derek Linde, current GES President, will assume the role of President and CEO following the closing. He will be joined by Jeff Quade, GES NA Exhibitions President; Jason Stead, GES EMEA Exhibitions President; and Jeff Stelmach, Spiro President, who will continue leading the operating businesses post transaction.

Linde continued, “We remain dedicated to delivering extraordinary experiences to our clients across the globe. This partnership with Truelink will enable us to intensify our focus on innovation and enhance our capabilities across our differentiated global platform.”

About GES: 

The GES business entity is a dynamic collective of industry-leading companies and their distinctive specialties—GES Exhibitions, Spiro, onPeak, SHOWTECH and Visit—that deliver comprehensive experiential, strategic, creative, event management and accommodation, meeting planning and logistical solutions, as well as registration and engagement solutions. We empower brands to engage their audiences and elevate customer experience, using what we believe is today’s most powerful channel in an ever-competitive landscape: experiential marketing. Whether scaling together or independently, our companies strategically partner with brands and event organizers to transform business imperatives into measurable results that drive meaningful customer connections & bottom-line impact. 

www.ges.com 

www.thisisspiro.com 

www.onpeak.com 

www.showtech.ca 

www.visitcloud.com 

About Truelink Capital

Truelink Capital is a middle-market private equity firm based in Los Angeles.  Truelink pairs deep industry experience in the industrials and technology-enabled services sectors with a commitment to building partnerships that drive long-term value through an operationally focused strategy. Truelink partners with management, corporate sellers, and founders to accelerate growth through the execution of strategic initiatives and transformative add-on acquisitions.

Contacts:
Marianne Szczech
630-220-6102
mszczech@ges.com

Photo – https://mma.prnewswire.com/media/2534737/GES_Collective.jpg

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