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Suppliers and Local SMEs Honoured at Sands Supplier Excellence Awards and Sands Procurement Academy Graduation

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MACAU, Nov. 27, 2024 /PRNewswire/ — Sands China recognised some of its most outstanding suppliers at the Sands Supplier Excellence Awards Tuesday at The Parisian® Macao. The awards were part of a joint event where Sands China also honoured the 15th and 16th cohorts of local SMEs graduating from its Sands Procurement Academy training programme, highlighted some of the success stories of Sands China’s ongoing partnerships with its local SME suppliers, and held a cocktail and business networking session to connect local SME suppliers with representatives from various Sands China departments, including the procurement and supply chain team.

Sands Supplier Excellence Awards
An annual initiative of Las Vegas Sands Corp., the Sands Supplier Excellence Awards acknowledges the cooperation and services of some of Sands’ most noteworthy suppliers worldwide. A judging committee composed of Sands China executive management selects Macao’s award winners each year.

At Tuesday’s ceremony at The Parisian Theatre, Sands China awarded seven winners:

Corporate Culture & Sustainability:
Linyi Standard Textile Trading Co. Ltd.

Innovation & Creativity:
Filament Limited

Cost Management:
Kei Chong Construction and Engineering Company Limited

Quality Management:
Bright Elite Gourmet Company Limited

Project Management:
Pat Davie (Macau) Limited

Service Excellence:
TCC Carpets

Small/Medium Enterprise (SME):
CMC Trading Engineering (International) Limited

Sands Procurement Academy Graduation
Sands China recognised 73 local SMEs for completing the Sands Procurement Academy training programme. Since the academy was founded in 2017, a total of 602 suppliers have enrolled and 559 have graduated, including Tuesday’s group.

The Sands Procurement Academy is a component of Sands China’s Local Small, Medium and Micro Suppliers Support Programme – part of the company’s longstanding support of Macao’s SMEs.

With Sands China holding the academy’s graduation ceremony together at one event with the Sands Supplier Excellence Awards, the graduating SMEs are able to gain encouragement and inspiration by seeing local SMEs among those getting awarded by Sands China as outstanding suppliers.

Co-organised with the Macao Chamber of Commerce and the Macau Productivity and Technology Centre (CPTTM), the Sands Procurement Academy helps local SME suppliers gain experience and capacity for working with large-scale international corporations by sharing practical business knowledge and skills to promote the development of their businesses. It is a first-of-its-kind industry training and is one of eight sub-academies under the Sands China Academy professional development programme.

The academy has been open to all local SMEs in Macao since 2019, after initially targeting a few key categories of local suppliers. This has allowed a broader range of SMEs to benefit from the skills and knowledge offered by the academy’s professionals.

Local SME Success Stories
Sands China also used the opportunity presented by Tuesday’s event to highlight the success stories of some of its local SME suppliers. Since 2016, Sands China has collaborated with local newspapers to publish a series of inspiring stories about SMEs who have forged partnerships and grown together with Sands China.

The 138 stories that have been published reveal how, in the quest for success and self-improvement, local SMEs have elevated their capabilities by working with a large international corporation like Sands China. Dr. Wilfred Wong, executive vice chairman of Sands China Ltd. and Wong Cho Wai, assistant chief editor of Macao Daily News, presented framed copies of the stories that were published in 2024 to the SMEs as souvenirs, congratulating them on their successes.

Dr. Wong said: “On behalf of Sands China, we would like to congratulate all award winners and graduates of the Sands Procurement Academy. For more than two decades, Sands China, as a pillar of Macao’s economy, has been growing together with the community. The Sands Supplier Excellence Awards is not only a recognition of Macao’s suppliers, but also a testimony of our joint efforts and growth. SMEs account for more than 90 percent of Macao’s registered enterprises and occupy a pivotal position in Macao’s economy. Therefore, our company has always remained unwavering in our commitment to support the growth of SMEs, and adhered to purchasing products and services from them. In addition, through the Sands Procurement Academy training programme, we comprehensively assist SMEs to continuously equip themselves and enhance their competitiveness in the ever-changing business environment. We are pleased to see the enthusiastic response to the programme over the past eight years. Many graduates have expressed how they have benefited a lot and the results are encouraging.”

Tuesday’s event concluded with the graduates of the Sands Procurement Academy attending a cocktail and business networking session, where they met representatives from various Sands China departments, including procurement and supply chain.

Guests of honour at the joint event were Sun Yaohua, director of the Economic Affairs Department of the Liaison Office of the Central People’s Government in the Macao SAR; Pong Kai Fu, deputy director of the Macao Economic and Technological Development Bureau; Jack Chang, deputy director-general of the Macau Productivity and Technology Transfer Center; Sanna Leong, acting senior manager of the Investment Promotion and Commerce Development Affairs Department of the Commerce and Investment Promotion Institute; Mok Chi Wai, vice president of the Standing Committee of Directors of the Macao Chamber of Commerce; Wong Cho Wai, assistant chief editor of Macao Daily News; Dr. Wong; Grant Chum, chief executive officer and executive director of Sands China Ltd.; various Sands China executives; and representatives of local suppliers.

As part of its corporate social responsibility efforts, Sands China has remained committed to procuring locally and helping Macao’s SMEs grow. Sands China has had a total procurement spend of MOP 10.3 billion in 2024 to date, with 29 percent going to local SMEs.

About Sands China Ltd. 
Sands China Ltd. (Sands China or the Company) is incorporated in the Cayman Islands with limited liability and is listed on The Stock Exchange of Hong Kong Limited (HKEX: 1928). Sands China is the largest operator of integrated resorts in Macao. The Company’s integrated resorts on the Cotai Strip comprise The Venetian® Macao, The Plaza® Macao, The Parisian® Macao and The Londoner® Macao. The Company also owns and operates Sands® Macao on the Macao peninsula. The Company’s portfolio features a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities; a wide range of restaurants; shopping malls; world-class entertainment at The Venetian Arena, The Londoner Arena, The Venetian Theatre, The Parisian Theatre, the Londoner Theatre and the Sands Theatre; and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s Cotai Strip portfolio has the goal of contributing to Macao’s transformation into a world centre of tourism and leisure. Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS).

For more information, please visit www.sandschina.com.

Media contacts:
Corporate Communications, Sands China Ltd.
Mabel Wu
Tel: +853 8118 2268
Email: mabel.wu@sands.com.mo 

Jesse Chiang
Tel: +853 8118 2054
Email: jesse.chiang@sands.com.mo

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SOURCE Sands China Ltd.

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NASA, USAID Invite Media to Launch of New SERVIR Central America Hub

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HUNTSVILLE, Ala., Nov. 27, 2024 /PRNewswire/ — NASA and the U.S. Agency for International Development (USAID) invite media to the official launch celebration of the new SERVIR Central America regional hub, located in Costa Rica, on Tuesday, Dec. 3, at 11 a.m. EST. The event will be hosted by NASA SERVIR Program Manager Daniel Irwin, U.S. Ambassador to El Salvador William H. Duncan, and a representative from El Salvador’s Ministry of Environment and Natural Resources (MARN).

Central America is the latest addition to SERVIR’s global network, a NASA and USAID initiative that has been operating in Asia, Africa, and Latin America since 2005. 

Implemented by the Tropical Agricultural Research and Higher Education Center (CATIE), SERVIR Central America will strengthen climate resilience, sustainable resource management, and biodiversity conservation through satellite data and geospatial technology. The SERVIR Central America hub will support evidence-based decision-making at local, national, and regional levels, strengthening the resilience of more than 40 million people in one of the world’s most climate-vulnerable regions.

The event will be in Spanish with English translation available.

For press access and location details, please RSVP to Belarminda Quijano at belarminda@bqcomunicaciones.com by Monday, Dec. 2. NASA’s media accreditation policy is online. The event will be livestreamed.

For more information on SERVIR, visit:

https://www.nasa.gov/servir/

 

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SOURCE NASA

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NOVASPARKS FEEDHANDLERS NOW OPTIMIZED FOR TSE’S ARROWHEAD 4.0

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The Leading FPGA-powered market data company announces a successful migration to Arrowhead 4.0, demonstrating its strength with FPGA-powered feed handlers.

NEW YORK and LONDON and PARIS and TOKYO, Nov. 27, 2024 /PRNewswire/ — NovaSparks, the leading field programmable gate array (FPGA) market data company, today announced the successful introduction of its FPGA feed handlers to support the new Arrowhead 4.0 feed on Tokyo Stock Exchange’s (TSE), one of the most strategic and competitive markets in the Asia-Pacific (APAC) region. NovaSparks continues to enhance its coverage in APAC markets by reducing the latencies of its feed handlers on multiple APAC exchanges, and by developing market-specific features such as Itayose for TSE—a Japanese auction method used to set prices and facilitate the reopening of trading floors. This achievement underscores NovaSparks’ ability to support advanced market technology and its ongoing commitment to the APAC financial sector.

The Arrowhead 4.0 migration, a significant move by TSE, shifts from Market by Level (MBL) to Market by Order (MBO), providing traders with unparalleled market data granularity. Unlike MBL, where quotes are aggregated, MBO publishes each individual buy and sell order, offering traders a detailed view of market activity. This transition allows market participants to leverage deeper insights and execute more strategic trading decisions.

“Increasing the transparency and granularity of market data has been pivotal for enhancing trading strategies and market resilience,” said Luc Burgun, CEO of NovaSparks. “With the shift from Market by Level to Market by Order, traders now have a deeper view of individual orders, enabling optimized order placement and advanced algorithmic trading. Our FPGA solutions were instrumental in processing the surge in data volume seamlessly, reinforcing market stability and performance. This transition exemplifies our commitment to equipping financial institutions with the technology needed to stay competitive and compliant during high frequency trading.”

“Arrowhead 4.0 was a very important market data feed for our company, and using NovaSparks enabled us to significantly reduce the complexity of switching to the MBO format. We achieved our goal of not losing any packet while providing consistent auction prices since the first days of trading,” said one of NovaTick’s customers who successfully moved his brokerage trading infrastructure to TSE Arrowhead 4.0.

The Power of FPGA Technology

The MBO format significantly increases data volume—an estimated additional 3 000+ messages per second—and demands that feed handlers build comprehensive order books, a task not required under MBL. While software-based solutions may need up to three times more memory and double the computing power to process this influx, FPGA technology excels in handling such high data loads efficiently, maintaining high-performance with the speed and determinism that only FPGAs can bring.

About NovaSparks

NovaSparks is the leader in FPGA-based high performance and ultra-low latency trading solutions for financial markets. NovaTick™, its flagship Ticker Plant product, supports 75 feeds across the major Equities, Futures and Options trading venues in North America, Europe and Asia. It is packaged in scalable ‘easy-to-deploy’ appliances or in ‘tightly coupled’ PCIe cards. NovaSparks scalable and deterministic feed handlers deliver normalized market data, including order book building and multi-feed consolidation with sub microsecond processing latency, even during market peaks period. Deterministic performance is extended to the whole trading cycle, whether the trading algorithms are implemented in software or in hardware. NovaTick™ also includes advanced built-in functions to support and optimize the use of wireless infrastructures.

The company is headquartered in Paris (France), New York City (USA) and has offices in London (UK), Nantes (France), Athens (Greece) and Bangkok (Thailand).

Follow us on X: @NovaSparksFPGA.

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SOURCE NovaSparks

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Netlight announces new rotation in CEO duo

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STOCKHOLM, Nov. 27, 2024 /PRNewswire/ — Netlight, a leading digital consulting firm, announces a rotation in the CEO duo. Felix Sprick will step out from his role to continue as a Partner amongst Partners while Anders Thall will be stepping into the position alongside the current co-CEO Katri Junna

Netlight introduced its innovative CEO duo model in 2021, featuring two equal leaders sharing the role. This model challenges the traditional CEO structure, offering richer perspectives, a broader leadership skill set, greater international exposure and an equal sparring partner for those in the role.

The rotation principle is a fundamental feature of Netlight’s CEO duo model. Netlight’s Board of Directors, in collaboration with the Partner group, selects every few years a new co-CEO from Partner group maintaining alignment with Netlight’s vision and values to drive long-term success.

The newly appointed co-CEO Anders Thall is a Partner and consultant, based in Netlight’s office in Stockholm. Thall has a track record of strategic advisory and he has been working with defining and expanding Netlight’s service offering globally.

Alongside the rotation in the CEO duo, Netlight strengthens the executive group by appointing Djavad Hedayati, Partner based in Munich, to be part of the group. The executive group is responsible for Netlight’s global business operations and governance.

This will take effect from 1st of January 2025.

“I am excited and honored to step into the role of co-CEO. Netlight’s commitment to innovation, collaboration, and diversity aligns closely with my own values. I look forward to working alongside Katri Junna to build on the company’s success,” says Anders Thall, the new co-CEO.

“At Netlight, we thrive on continuous renewal, which allows us to adapt, innovate, and stay competitive in a changing world – and our co-CEO model is in line with that. I am thrilled to welcome Anders Thall to the role, I believe our strengths complement each other in serving Netlight going forward,” says Katri Junna the current co-CEO.

Erik Fröberg, Chairman of the Board, adds: “Netlight has successfully navigated a challenging market environment, and I want to extend my gratitude to Felix Sprick for his valuable contributions. We are pleased to welcome Anders Thall as the new co-CEO.  We are confident that the combined leadership of Katri Junna and Anders Thall will enable Netlight to thrive and excel in the ever-evolving digital landscape. I am also very pleased that Djavad will be part of the executive group where he will assume increased responsibility.”

From the departing co-CEO Felix Sprick: “Serving as co-CEO of Netlight has been an incredible journey and an honour. I deeply believe in the strength of our rotation model, which enables leaders to step into and out of the role seamlessly and without prestige. This approach not only provides Anders Thall the opportunity to grow and thrive as he takes on the role, but also allows me to refocus on driving Netlight forward from a partner perspective.”

About Netlight 

Netlight is an international digital consulting firm, helping leading companies to succeed in the digital landscape, from advice to implementation. Our service contains the collective intelligence of 2000 consultants offering a comprehensive range of digital services, from strategy to technology. We support industries that are facing new challenges and opportunities based on new technology, to make better business. Netlight has been awarded several times for profitable growth and management, as a top employer, and for our engagement in Diversity, Equity, and Inclusion. Located in Stockholm, Oslo, Helsinki, Copenhagen, Munich, Hamburg, Berlin, Frankfurt, Zurich, Cologne, Amsterdam and Toronto. Co-creating the future today, since 1999. www.netlight.com

Contact:
Anna Moore 
Senior PR Strategist
070-2369308
anna.moore@netlight.com 

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