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BGM Group Ltd. Pioneers Innovation in AI and Intel Technology, Fostering Holistic Integration of Healthcare and Insurtech

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CHENGDU, China, Nov. 29, 2024 /PRNewswire/ — BGM Group Ltd. (NASDAQ: BGM) (“the Company” or “BGM”), a leading global pharmaceutical enterprise, today announced its acquisition of the intelligent platform of AIX Inc. (NASDAQ: AIFU) (“AIX”) valued at 1 billion RMB (approximately $140 million). The intelligent platform encompasses AIX’s subsidiaries – RONS Intelligent Technology (Beijing) Co., Ltd. (“RONS Technology”) and Shenzhen Xinbao Investment Management Co., Ltd. (“Xinbao Investment”). Completion of the transaction is anticipated by the end of 2024.

Through this strategic acquisition, BGM formally ventures into the domains of AI intelligent technology and financial and insurance services, setting the stage for diversified growth beyond biopharmaceuticals and inaugurating a new era for the Company in the digital and intelligent landscape.

Mr. Xin Chen, CEO of BGM, commented, “AIX’s efforts in digital innovation and intelligent transformation have yielded remarkable outcomes. Their accumulated technology and expertise will serve as a crucial reference for our own transformation in the pharmaceutical and healthcare sectors. This collaboration will not only bolster BGM’s technological capabilities but also expedite our strategic development, enabling us to deliver more efficient and intelligent solutions to the global market. This partnership represents a mutually beneficial opportunity and I am optimistic about our future together.”

Mr. Hu Yinan, CEO of AIX, stated, “Intelligent technology is the future of the insurance sector. AIX’s intelligent platform has already exhibited significant potential within the industry. However, broader advancement requires an open industry perspective and ecological support. Partnering with BGM will allow our platform to reach a wider user base and unlock greater potential for AI technology beyond the insurance realm. Furthermore, this collaboration aligns with national elderly care policies and promotes the growth of the silver economy. By extending our intelligent capabilities from insurance into the pharmaceutical and healthcare sectors, we aim to facilitate industry transformation through technology and propel AIX’s growth. AIX will maintain its role as the primary user of the intelligent platform, actively investing resources to maximize its technological capabilities. We are confident that this collaboration will create new opportunities for both AIX and the intelligent platform, enhancing value for our customers, industry partners, and shareholders.”

Founded in 2009, RONS Technology, a wholly-owned subsidiary of AIX, specializes in developing digital and intelligent technologies for the financial and insurance industries. RONS Technology boasts extensive experience in insurtech, having introduced disruptive innovations through its RONS Open Platform and flagship product Du Xiaobao. RONS Technology has steadily built a strong presence within the insurtech landscape, offering substantial growth potential and development opportunities.

Established in 2004, Xinbao Investment has developed a professional integrated online and offline insurance trading and service platform known as “Baowang”. Baowang provides comprehensive risk protection solutions for individuals, families, and small to medium-sized enterprises through the integration of technology, products, and services. The platform currently offers over 300 flagship products from more than 30 insurance companies, addressing various protection needs such as critical illness, term life, accident, health, travel, and corporate insurance.

By acquiring RONS Technology and Xinbao Investment, BGM will effectively integrate resources from intelligent technology and biopharmaceuticals, creating a new landscape for the synchronized development of “healthcare, medicine, and insurance” in the global market. The technological innovations from RONS Technology, particularly the pioneering achievements of Du Xiaobao in insurance sales, will empower BGM to strengthen its competitive advantage at the intersection of medical technology and insurance technology, offering users comprehensive and intelligent healthcare and insurance solutions while further expanding its global influence.

Moreover, RONS Technology and Xinbao Investment will benefit from enhanced development opportunities arising from this transaction. BGM’s robust presence in the healthcare sector, especially its extensive footprint in the global pharmaceutical market, will provide additional application scenarios for the products and services of both entities. RONS Technology and Xinbao Investment intend to leverage BGM’s international market network and pharmaceutical expertise to explore novel development models within the healthcare and insurance industries, continuously broaden their market reach, and serve as potent profit generators for BGM in the future.

About BGM Group Ltd

BGM Group Ltd,headquartered in Chengdu, China, is an innovative company dedicated to the fields of biopharmaceuticals, bio-extraction, and medical health. Our current product range includes oxytetracycline APIs, licorice preparations, and crude heparin sodium. The oxytetracycline API not only provides raw materials for pharmaceutical companies to produce human antibiotics but also supports the global breeding and livestock industries to ensure the safety of poultry and seafood. The crude heparin sodium, after processing by downstream companies, is transformed into refined heparin sodium and heparin sodium injection solutions, which are major anticoagulants. Licorice preparations, such as compound licorice lozenges, are used as cough suppressants and supplied to retail pharmacies. For more information, visit the Company’s website at: https://www.bgmgroupltd.com/

Forward-looking Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in 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”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor and media inquiries, please contact:
info@qiliancorp.com
xinchen@qiliancorp.com 

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SOURCE BGM Group Ltd

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GIS Solutions to Address Urban Challenges and Drive Smart City Development Revealed in New Resource From Info-Tech Research Group

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As governments face growth and economic pressures, a new strategic guide from Info-Tech Research Group shows how GIS technology can optimize infrastructure, improve service delivery, and support strategic urban development. This resource provides IT leaders with actionable strategies to navigate these challenges and drive smarter, more efficient government operations.

TORONTO, Nov. 29, 2024 /PRNewswire/ – Urban growth, smart city initiatives, and the demand for efficient service delivery are placing unprecedented pressure on local governments, making geographic information systems (GIS) indispensable tools for addressing these evolving challenges. However, tight budgets, labor shortages, and outdated infrastructure can hinder successful GIS adoption. To help overcome these barriers, Info-Tech Research Group has released its strategic guide Mapping Success. The recently published resource offers IT leaders actionable strategies to modernize operations, streamline GIS implementation, and meet the evolving needs of their communities.

“In the context of GIS technology, adopting a strategic vision is important for empowering governments to enhance service delivery, improve decision-making, and effectively address their operational needs,” says Patrick Spencer, research fellow at Info-Tech Research Group. “IT leaders should transition from passive technology enablers into proactive strategic collaborators by aligning GIS initiatives with government priorities, fostering cross-departmental collaboration, and maximizing the value of GIS investments.”

In the new strategic guide, Info-Tech highlights the challenges IT leaders face in adopting GIS technology despite its vital role in addressing economic and societal needs. Limited access to GIS tools in remote and underserved regions with poor internet connectivity continues to restrict the adoption of geospatial analysis. Additionally, the firm explains that a lack of understanding or appreciation of GIS capabilities among government leaders often hinders its effective use in decision-making and planning. The strategic guide emphasizes that embracing digital innovation and exploring emerging GIS technologies are key to improving service delivery, enhancing citizen engagement, and unlocking the full potential of geospatial analysis to address pressing challenges.

“A comprehensive GIS strategy involves establishing robust governance frameworks, promoting spatial literacy among staff, and prioritizing data security and privacy,” explains Spencer. “Developing a clear roadmap for GIS implementation and growth ensures that efforts are coordinated and aligned with broader organizational goals.”

The firm’s strategic guide further details how GIS integrates various data types, such as satellite imagery, topography, population demographics, and land use. This integration delivers valuable insights for decision-making across multiple sectors, including urban planning, natural resource management, emergency response, and business analysis.

Info-Tech advises that by focusing on strengthening GIS capabilities, encouraging cross-sector collaboration, and promoting data-driven decision-making, governments can unlock the full potential of GIS to drive positive outcomes and enhance operational efficiency.

In Mapping Success, Info-Tech outlines how GIS platforms can enable governments to work more efficiently and make better use of their resources:

GIS platforms like ArcGIS, QGIS, and GeoServer provide the foundation for spatial data management, analysis, and visualization within government operations.Remote sensing technologies leverage GIS to process and analyze satellite imagery and LiDAR, offering valuable spatial information for urban planning and infrastructure management.Internet of Things (IoT) data is integrated into government operations through GIS, allowing for the visualization and analysis of real-time geospatial information from IoT devices and sensors.Open data platforms incorporated into GIS applications enhance the accuracy and relevance of spatial information, supporting data-driven decision-making and promoting transparency in governance.Visualization tools, such as Tableau and Power BI, help present spatial data in an intuitive, visually engaging manner, making it easier for stakeholders to interpret and act on spatial insights.Digital twinning solutions combine GIS data with digital twin models to simulate real-world scenarios, monitor infrastructure performance, and optimize urban planning strategies through spatial analysis.

GIS enables the identification of areas with limited digital resources, allowing for a clear assessment of current broadband service levels and targeted investments in underserved regions. By leveraging insights from this strategic guide, IT leaders in the government sector can align GIS initiatives with government priorities, enhance operational efficiency, and unlock the potential of geospatial analysis to address the complex challenges of modern governance.

For exclusive and timely commentary from Patrick Spencer, an expert in the government sector, and access to the complete Mapping Success strategic guide, please contact pr@infotech.com.

About Info-Tech Research Group
Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

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SOURCE Info-Tech Research Group

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The Inner Circle acknowledges, Larissa Duron as a Pinnacle Professional Member Inner Circle of Excellence

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LONG BEACH, Calif., Nov. 29, 2024 /PRNewswire/ — Prominently featured in The Inner Circle, Larissa Duron is acknowledged as a Pinnacle Professional Member Inner Circle of Excellence for her contributions to Electrical Systems Engineering and Prototype Manufacturing.

Larissa Duron is an accomplished professional with over 25 years of experience in technology and 15 years in electrical systems engineering and manufacturing. She founded Duron Industries LLC, specializing in engineering services, prototype manufacturing solutions, and electrical products. 

Ms. Duron holds a Bachelor of Science in Electronics and Communications Engineering from ITT Technical Institute and an Associate of Science in Visual Communications in Multimedia Design from Collins College with additional experience and certifications in Project Management, Electric Vehicles, Counterintelligence Training, Electrical Safety Training, and Radio Frequency.

As a Woman-Owned, Veteran-Owned, Minority-Owned, LGBT-Owned, and Disadvantaged Small Business, Duron Industries prioritizes supplier diversity to acknowledge and provide opportunities to struggling communities. Ms. Duron understands the challenges of operating a small, disadvantaged business and is now ready to take it a step further while planning to announce her new launch of business growth services to guide companies with resources toward success. Duron Industries also aligns with the American National Standards Institute (ANSI) and the entire executive team contributes to community service efforts in the areas of veteran assistance, child advocacy, and small business growth volunteer work.

Before starting her career, Ms. Duron proved her dedication to the United States by serving as an E-4 Specialist in the United States Army Signal Corps, during that time she was deployed to South Korea to support the 1st Signal Brigade Yongsan Garrison. She operated, maintained, and installed military telephones in addition to handling the COMSEC equipment for the President of the United States, AFKN radio, and AM/FM transmission systems. Throughout her service, Ms. Duron was also deployed to Fort Lewis, Washington for combat communications with the 29th Signal Battalion in support of the I Corps 7th Infantry Division. She was also invited to collaborate with an industry-leading astronaut in prototype manufacturing. Additionally, she assisted in aerospace antenna testing for the Mars Rover Parachute.  
After her service, she served as a Senior Electrical Systems Engineer at KLA Corporation where she led product development and hardware integration services for electrical distribution systems. Her experience in electrical engineering also includes significant roles at Kuryakyn, Applied Minds LLC, and Nearfield Systems Inc., enhancing her skills in manufacturing, product development, and leadership.

Diligently devoted to her industry, Ms. Duron continues her dedication to embracing resilience and maintaining a learner’s mindset while navigating the challenges and opportunities in the engineering and manufacturing industries. As she continues to lead her company towards innovative horizons, she remains committed to her vision of helping society by making impactful technological advancements.

Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com

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SOURCE The Inner Circle

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Infrasense Completes Subsurface Utility Engineering (SUE) Survey in Essex County, Massachusetts

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Infrasense recently performed a subsurface utility engineering (SUE) survey for an interstate in Massachusetts. All four industry standard quality levels were employed for this project from a comprehensive as-built records search (QL-D) to targeted test pitting for visual verification and direct measurements (QL-A). The geophysical survey (QL-B) utilized a high-resolution 3D ground-penetrating radar (3DGPR) system, and a thorough electromagnetic induction (EMI) investigation carried out by experienced utility locators.

SALEM, Mass., Nov. 29, 2024 /PRNewswire-PRWeb/ — Infrasense was tasked with completing a SUE survey to designate and locate underground utilities along a state highway road in Essex County, Massachusetts as part of rehab planning of an overpass. The survey included a QL-C level investigation using the record drawings, a QL-B investigation of all potential utilities and subsurface obstructions using geophysical methods (GPR and EMI), followed up by Level A potholing at 7 locations to measure precise depths of the individually mapped utilities at the clients’ specified locations.

The GPR data collection for the QL-B component was completed using our Impulse Radar Raptor-45 multichannel array GPR system. The Raptor system was deployed using the 18-channel vehicle mount setup for the roadway collection, and then with the 8-channel cart-based setup for sidewalk and shoulder collection. The 3-D array uses RTK GPS for location tracking and a total of eight 450-MHz GPR antennas simultaneously collecting subsurface information along 5.5-foot-wide swaths at traffic speed down to depths of approximately 10 feet for this project. As part of the ASCE 38-22 specification, the GPR data collection was completed in conjunction with an electromagnetic induction (EMI) pipe and cable locator tool (RD8200) to trace out the position of any utilities that were accessible from manholes, utility poles, water meters, hydrants, etc., and any active electrical lines which are detectable without direct access. Utilities identified by way of EMI were marked on the surface using paint and then recorded using RTK GPS.

The results of the project were compiled into a digital map integrating the GPR and EMI datasets. The array GPR data was assembled into a representative 3D model of the project for analysis using depth slice review, and advanced mapping toolsets in the Impulse Radar Condor software package. The GPR results are transferred into CAD software and then integrated with the EMI results to confirm service types and finalize target identification. Using these results, we coordinated with the client to determine the 7-test pit locations for full QL-A location information of the desired utilities, including communication, water, and gas lines. The test pit elevation information was used to calibrate the depth results before final submittal.

About Infrasense, Inc.
Since 1987, Infrasense, Inc. has applied advanced technologies to address the most difficult challenges in subsurface scanning. Infrasense’s engineers nondestructively extract critical information from a diverse range of structures. In addition to providing ongoing subsurface evaluation services to clients across the country, the firm has also conducted numerous research programs to advance the field of subsurface detection and nondestructive evaluation. To learn more about Infrasense and the services we provide, visit our website: http://www.infrasense.com.

Media Contact

Lily Strickler, Infrasense, Inc., 781-281-1686, info@infrasense.com, http://www.infrasense.com

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SOURCE Infrasense, Inc.

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