Technology

Ericsson Mobility Report: early movers pursue performance-based business models

Published

3 hours ago

November 26, 2024

Global mobile network data traffic projected to grow almost 200 percent between 2024 and the end of 20306.3 billion global 5G subscriptions forecast by the end of 2030 – of which 60 percent are expected to be 5G SAReport includes case studies from T-Mobile (U.S.A.), Elisa (Finland), and stc (KSA)

STOCKHOLM, Nov. 26, 2024 /PRNewswire/ — 5G Standalone (5G SA) and 5G Advanced are expected to be key focuses for communications service providers (CSPs) for the remainder of the decade as they deploy new capabilities to create offerings centered on value delivery rather than data volume. The analysis is included among a wealth of statistical network insights in the November 2024 edition of the Ericsson (NASDAQ: ERIC) Mobility Report, which extends the forecast period until the end of 2030.

While the rate of mobile network traffic data growth is declining – estimated at 21 percent year-on year for 2024 – it is still expected to grow almost three-fold by the end of 2030 from present day numbers.

The report highlights how early-mover service providers are already offering value delivery models based on differentiated connectivity – guaranteed uninterrupted high-end connectivity when you need it most – to create new monetization and growth opportunities. Related case studies from T-Mobile in the U.S. and Elisa in Finland are included.

Fredrik Jejdling, Executive Vice President, Head of Business Area Networks, Ericsson, says: “Service differentiation and performance-based opportunities are crucial as our industry evolves. This is highlighted in the November 2024 Ericsson Mobility Report, which includes detailed analysis, statistical insights, and customer use cases. The shift towards high-performing programmable networks, enabled by openness and cloud, will empower service providers to offer and charge for services based on the value delivered, not merely data volume. This report offers valuable insights into what our industry can achieve and the steps necessary to get there.”

The report underlines the global potential for differentiated connectivity development by highlighting that, beyond China, 5G mid-band is currently only deployed at about 30 percent of sites globally.

Of about 320 CSPs currently offering commercial 5G services, less than 20 percent are 5G SA. The densification of mid-band and 5G SA sites is seen as a key catalyst to capitalize on the full potential of 5G, including programmable and intelligent network capabilities.

Almost 60 percent of the 6.3 billion global 5G subscriptions forecast by the end of 2030 are expected to be 5G Standalone (SA) subscriptions.

On global mobile data traffic, 5G networks are expected to carry about 80 percent of total mobile data traffic by the end of 2030 – compared to 34 percent by the end of 2024.

Fixed Wireless Access (FWA) continues to grow in popularity globally as the second largest 5G use case after enhanced Mobile Broadband (eMBB).

In four out of six regions, more than 80 percent of CSPs now offer FWA. The number of FWA service providers offering speed-based tariff plans – with downlink and uplink data parameters similar to cable or fiber offerings – has increased from 30 percent to 43 percent in the last year alone.

Western Europe has witnessed rapid growth in FWA speed-based offerings with 52 percent of CSPs in the region now doing so compared to 32 percent a year ago. Europe alone accounts for 73 percent of all 5G FWA launches globally in the past 12 months.

Of the 350 million projected global FWA connections by the end of 2030, almost 80 percent are forecast to be over 5G.

The report also addresses how AI, including Generative AI Applications – already integrated across smartphones, laptops, watches and FWA products – could impact uplink and downlink network traffic, driving potential mobile traffic growth beyond current baseline predictions.

Other featured report statistics include the projection that global 5G subscriptions are expected to reach almost 2.3 billion by the end of 2024, amounting to 25 percent of all global mobile subscriptions. 5G subscription numbers are expected to overtake the global number of 4G subscriptions during 2027.

The first 6G deployments are expected in 2030, building on and scaling the capabilities of 5G SA and 5G Advanced.

The 40-page report includes three case study articles:

T-Mobile takes network slicing from pilots to real-world scenarios (with T-Mobile in the U.S. About network slicing use cases.)Premium FWA services enabled in Finland with 5G SA (with Elisa in Finland. About Elisa’s 5G SA FWA offering.)A multi-New Radio (NR) carrier strategy for best performance (with stc in the Kingdom of Saudi Arabia (KSA).

Ericsson will host Ericsson Mobility Report online seminars at 09.00 (CET) and at 18.00 (CET) on Tuesday, December 3. To join please register via this link.

Read the full November 2024 Ericsson Mobility Report via this link.

Based on unique Ericsson and partner network insights, the Ericsson Mobility Report has been the key industry reference for network data, performance, statistics, and forecasts since its launch in 2011.

NOTES TO EDITORS:

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ABOUT ERICSSON

Ericsson’s high-performing, programmable networks provide connectivity for billions of people every day. For nearly 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

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Technology

Canaan Inc. Closes Series A-1 Preferred Shares Financing

Published

14 minutes ago

November 26, 2024

SINGAPORE, Nov. 26, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the “Preferred Shares Financing”), raising total gross proceeds of US$30 million.

On November 19, 2024, the Company entered into a securities purchase agreement (“Securities Purchase Agreement”) with an institutional investor (the “Buyer”), pursuant to which the Company agreed to issue and sell to the Buyer 30,000 Series A-1 Convertible Preferred Shares (the “Preferred Shares”) at the price of US$1,000.00 for each Preferred Share.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company’s current report on Form 6-K dated November 20, 2024 announcing the execution of the Securities Purchase Agreement.

This press release is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any securities, which is made only by means of a prospectus supplement and related prospectus. There will be no sale of these securities in any jurisdiction in which such an offer, solicitation of an offer to buy or sale would be unlawful.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in bitcoin‘s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, Canaan Inc.’s anticipated financing plans and its intended use of proceeds contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com

ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com

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SOURCE Canaan Inc.

Technology

Hisense Launches End-of-Year Sale Across the GCC Featuring Exclusive Surprises

Published

14 minutes ago

November 26, 2024

DUBAI, UAE, Nov. 26, 2024 /PRNewswire/ — Hisense, a global leader in consumer electronics and home appliances, is excited to announce its “Unlocked for Exclusive Surprises” End-of-Year Sale across the GCC region. Running until December 5, 2024, this highly anticipated campaign provides consumers with the opportunity to elevate their homes with cutting-edge technology and stylish appliances.

The campaign showcases Hisense’s wide range of premium products, designed to enhance entertainment and home living. From advanced TVs and projectors to innovative appliances, the sale promises incredible value and unmatched quality for GCC shoppers.

Entertainment reaches new heights with the C1 Mini Projector, a compact yet powerful companion that delivers stunning visuals and sharp detail. Its sleek design combines immersive entertainment and portability, making it ideal for any space.

The ULED MiniLED U7 sets a new standard for home entertainment, offering vibrant colors, precise contrast, and AI Sports Mode for seamless motion handling. This TV is perfect for gaming, sports, and streaming enthusiasts, with IMAX Enhanced certification and Multi-Channel Surround Sound delivering a cinematic experience at home.

Cinema magic comes to life with the 100L9H Laser TV, featuring a 100-inch TriChroma™ display with Dolby Vision and ultra-bright 4K resolution. Every scene bursts to life with vivid detail and clarity, making it an exceptional choice for movie nights and sports events.

Advanced cooling technology is at the heart of the Super Cooling Series Refrigerator, ensuring groceries remain fresh longer. With energy-efficient features and precise temperature control, this appliance combines functionality with modern convenience.

The RQ759 Smart PureFlat Refrigerator blends style and innovation, featuring spacious interiors, a sleek flat-door design, and smart cooling systems that elevate both aesthetics and practicality in contemporary kitchens.

Laundry becomes smarter and more efficient with the 7S Smart Series Washing Machine, offering intuitive controls and eco-friendly features for faster, seamless cleaning cycles.

Even the toughest cleaning challenges are met with the Smart Dishwasher HS673C90BME, a high-performance appliance featuring advanced washing cycles, energy-efficient operation, and a sleek design that complements modern kitchens.

Available Across the GCC

The “Unlocked for Exclusive Surprises” End-of-Year Sale is available across the GCC region, providing consumers with access to Hisense’s premium products. These cutting-edge offerings are available at leading retailers such as Carrefour, Sharaf DG, and Lulu, as well as online platforms like Amazon.ae and Noon.com.

About Hisense

Hisense, established in 1969, is a global leader in home appliances and consumer electronics operating in over 160 countries. Specialising in multimedia, home appliances, and IT solutions, Hisense prioritises integrity, innovation, and sustainability.

With over 50 years of expertise, Hisense offers top-quality products, exceptional after-sales services, and extensive warranties. The company pioneers cutting-edge technologies such as the Laser TV, ULED Local Dimming Backlight Control and chip technology, developing 8K ultra high-definition display chips, TV SoC chips, and AI chips. Beyond consumer electronics, Hisense excels in B2B industries such as intelligent transportation, medical technology, and optical modules.

Hisense proudly owns and has acquired renowned brands, including Toshiba TV, gorenje, Kelon, Ronshen, and ASKO, solidifying its position in the market. As a sponsor of major sporting events, Hisense has been associated with events such as FIFA World Cup Qatar 2022™, UEFA EURO 2020™ and UEFA EURO 2024™, and clubs such as Paris Saint-Germain. In 2024, Hisense further strengthened its sports partnerships by forming a strategic alliance with Real Madrid focused on the MEA region, highlighting its commitment to excellence and innovation.

With 34 industrial parks, 26 R&D centres and 66 overseas companies, Hisense continues to lead the industry with a diverse range of products. With regional headquarters in Dubai, UAE, and 5 offices across the MENA region, Hisense ensures efficient manufacturing, innovation, and distribution, to meet the evolving needs of consumers in the market. Stay updated with all the latest developments on the website: https://hisenseme.com/

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Technology

Locus Robotics Promotes Denis Niezgoda to Chief Commercial Officer of International

Published

14 minutes ago

November 26, 2024

Strategic appointment to accelerate international growth, enhance customer engagement, and drive market expansion across EMEA and APAC regions

WILMINGTON, Mass. and AMSTERDAM, Nov. 26, 2024 /PRNewswire/ — Locus Robotics, a global leader in warehouse automation for supply chain and fulfillment warehouse automation, is pleased to announce the promotion of Denis Niezgoda to Chief Commercial Officer (CCO) of International. Locus Robotics is poised for the next phase of growth, driven by the increasing demand for versatile, scalable automation solutions in the global supply chain. Niezgoda’s promotion underscores the company’s focus on delivering advanced, end-to-end warehouse automation solutions through the LocusOne platform, enabling businesses to meet complex operational challenges and achieve sustainable growth.

“Denis’s promotion marks an exciting step forward for Locus Robotics as we continue to expand our presence in international markets,” said Rick Faulk, CEO of Locus Robotics. “His leadership and vision have been instrumental in driving success across EMEA and APAC. As we look to the future, Denis’s strategic insight and proven ability to align commercial efforts will help us deliver even greater value to our customers and partners worldwide.

In his expanded role, Niezgoda will lead initiatives to capture untapped opportunities, strengthen partnerships, and ensure seamless alignment across all commercial functions. He will focus on reinforcing Locus’s position as the go-to provider of adaptable warehouse automation, highlighting the unmatched versatility, scalability, and flexibility of its solutions.

“I’m thrilled to step into this new role during such an exciting time for Locus Robotics,” said Denis Niezgoda, Chief Commercial Officer, International. “Our ability to empower businesses with innovative, scalable solutions has set us apart in the industry. I look forward to building on our momentum, driving market expansion, and supporting our customers and partners in navigating the future of warehouse automation.”

Locus Robotics has achieved significant milestones in its global growth strategy, including deploying over 15,000 robots across 350+ sites in 20+ countries, enabling businesses to enhance productivity and adapt to evolving market demands. With Niezgoda’s leadership, the company is positioned to further extend its reach, innovate with customer-centric solutions, and redefine automation in the supply chain and fulfillment sectors.

For more information about Locus Robotics and its solutions for warehouse automation, please visit www.locusrobotics.com.

About Locus Robotics
Locus Robotics is the global leader in adaptable, scalable AI-powered warehouse automation solutions, transforming fulfillment operations for top brands worldwide. With over 15,000 robots deployed across 350+ sites in 20+ countries, Locus delivers unmatched flexibility and productivity. The LocusOne platform integrates seamlessly with existing systems, offering dynamic scalability through a Robots-as-a-Service (RaaS) model. Committed to innovation, compliance, and sustainability, Locus’s multi-award winning solution empowers businesses to meet today’s supply chain challenges while preparing for the future.

Contact: Kary Zate, kzate@locusrobotics.com

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SOURCE Locus Robotics