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KT&G Rated Strongly by S&P and Moody’s

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– ‘A-‘ by S&P, ‘A3’ by Moody’s—Positive Factors Include Business Stability, Financial Stability, and Global Business Growth

SEOUL, South Korea, Jan. 8, 2025 /PRNewswire/ — On the 7th, KT&G Corporation (“KT&G”) (KRX:033780), South Korea’s leading tobacco manufacturer, announced that it has been assigned A-(Stable) and A3 (Stable) ratings by two of the top three global credit rating agencies, S&P and Moody’s, respectively.

The “A-” rating is a high credit quality rating denoting a good credit status and very low credit risk. KT&G’s rating is a top rating among major Korean companies that are not public enterprises or financial institutions, and is equivalent to the ratings of leading global tobacco companies. The “A3” rating from Moody’s is also a top rating among Korean companies, and recognizes KT&G’s sound financial stability.

Global credit rating agencies determined that KT&G had high business stability, based on a dominant position in the Korea’s tobacco market. Stable profit generation and low financial leverage ratio were also positive factors. Furthermore, KT&G’s outstanding performance in the NGP (Next Generation Products) sector and diverse portfolio spanning across ginseng and other non-tobacco sectors were also highly rated.

Global credit rating agencies were particularly interested in KT&G’s global business growth, and went on to state that KT&G’s global business can expect further expansion based on KT&G’s growth investment such as establishment of new factories in Indonesia and Kazakhstan.

In June 2023, KT&G received “AAA(Stable)” issuer credit ratings from the three major Korean ratings agencies, Korea Ratings, Korea Investor Service, and NICE Investor services. 

KT&G’s spokesperson said that “global credit rating agencies recognizes KT&G’s faithful execution of mid-to-long term vision plans and financial stability” and that “going forward, KT&G will continue its effort to build a stable financial structure based on high credibility, and will invest in the core businesses in line with its ‘leap to a Global Top-tier’ vision.”

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SOURCE KT&G Corporation

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Epson Announces Partnership with Kitchen Armor to Further Enhance its TrueOrder Kitchen Display Solution

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Partnership to Bring State-of-the-Art, Easy-to-Install Technology to Mid-Sized Chains and Independent Owners to Better Compete with Larger Restaurants Chains

LOS ALAMITOS, Calif., Jan. 9, 2025 /PRNewswire/ — Epson today announced a partnership with Kitchen Armor, the leading restaurant kitchen solutions provider offering a full range of standard and custom kitchen automation products. Through this partnership, Kitchen Armor will bring Curbit capabilities, the industry’s first AI-powered kitchen capacity management solution for restaurants, and new hardware options to TrueOrder™ Kitchen Display System (KDS), aiming to further optimize kitchen performance and order status communication via SMS. Through this partnership, Epson and Kitchen Armor are providing state-of-the-art, easy-to-implement kitchen technology to mid-sized chains and single location operators, allowing them to compete with larger corporate competitors on take-out efficiency, order accuracy and guest communication.

Epson Announces Partnership with Kitchen Armor to Enhance TrueOrder Kitchen Display Solution for Mid-Sized Restaurants

 TrueOrder KDS with Kitchen Armor is an affordable, easy to set up and easy-to-install kitchen display system for restaurants, enhancing productivity from food prep to order fulfillment. Kitchen Armor manufactures and produces stainless steel touch solutions, along with custom mounting options that feature Power Over Ethernet (POE) capabilities that greatly simplify hardware installation and offer the most effective kitchen consulting services recognized throughout the industry. Kitchen Armor is the official reseller of Curbit’s services, and the partnership between Epson and Kitchen Armor will provide Curbit capabilities within TrueOrder KDS. Curbit helps restaurants manage their take-out orders intelligently by leveraging real-time kitchen data and AI to determine the optimal time to start digital orders and providing real-time order progress to guests and delivery drivers via SMS. Through this partnership, Curbit capabilities, including real-time order SMS progress updates and detailed speed of service reporting data, will be available within TrueOrder KDS.

“Kitchen Armor’s mission is to provide restaurants with the most advanced, industry-leading kitchen solutions that are cost-effective, easy to implement and designed to exceed customer expectations on day one,” said Paul Amestoy, co-founder, Kitchen Armor. “We are excited to work with Epson and strengthen our partnership with Curbit as we continue to be the industry-leading turn-key solutions provider for a diverse array of quick-service restaurants. This partnership will further allow customers to enhance their kitchen production, achieve better order accuracy and enhance customer communication.”

Adding to Epson’s existing TrueOrder KDS offerings from Microtouch, Logic Controls and Elo, this partnership will give customers more options for implementing the intuitive and robust TrueOrder KDS software. TrueOrder KDS is easy to set up and can be customized to fit a kitchen’s workflow with easy-to-use, browser-based configuration utility. The system can support as many as nine stations throughout the kitchen, to help ensure order information is handled by the right station.

“As a market leader with a reputation for providing expertise for both software and hardware kitchen solutions, Kitchen Armor has the experience and know-how to provide a full end-to-end solution for restaurants,” said Tessa Kohl, product manager, Epson America, Inc. “Many restaurants are looking to optimize kitchen efficiency, especially when managing orders coming from a range of third-party ordering and delivery apps, and we are excited to work with Kitchen Armor to deliver world-class solutions to meet these needs.”

For more information about TrueOrder KDS, visit www.epson.com/kds. To learn how to purchase, reach out to Kitchen Armor at info@kitchenarmor.com.

About Kitchen Armor
Kitchen Armor dramatically improves kitchen operations by educating and inspiring partners through their cutting-edge POE (Power Over Ethernet) technology, innovative mounting solutions, comprehensive consulting efforts, and full project management capabilities. Its success is built on empowering customers with product understanding and offering turn-key solutions to help discover and resolve complex problems while mitigating risk. For more information, visit https://kitchenarmor.com/.

About Epson
Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson’s goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.

Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion. global.epson.com/

Epson America, Inc., based in Los Alamitos, Calif., is Epson’s regional headquarters for the U.S., Canada, and Latin America. To learn more about Epson, please visit: epson.com. You may also connect with Epson America on Facebook (facebook.com/Epson), X (x.com/EpsonAmerica), YouTube (youtube.com/epsonamerica), and Instagram (instagram.com/EpsonAmerica).

EPSON is a registered trademark of Seiko Epson Corporation. TrueOrder is a trademark of Epson America, Inc. All other product and brand names are trademarks and/or registered trademarks of their respective companies. Epson disclaims any and all rights in these marks. Copyright 2025 Epson America, Inc.

 

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SOURCE Epson America, Inc.

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Changhong Spotlights AI Innovations at CES 2025, Asserting Global Leadership in Intelligent Technologies

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LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — Changhong is thrilled to join CES 2025 in Las Vegas on January 7-10, showcasing an array of Al-enabled products, including smart TVs, refrigerators, air conditioners, a washer-dryer pair, and comprehensive smart home solutions. These innovations demonstrate the company’s commitment to merging cutting-edge technology with enhanced lifestyle features, highlighting its robust technical expertise and dedication to expanding its international presence.

Changhong Introduces Next-Generation Smart Home Appliances

At the exhibition, Changhong’s AI TV models, featuring the innovative Canghai Intelligent Agent, drew significant attention for their advanced interactivity, superior search functionality, and personalized services. The AI refrigerators impressed the visitors with their ability to reduce noise levels based on user proximity as well as to maintain optimal freshness and prevent frost build-up. The air conditioners equipped with AI-driven temperature and humidity controls ensure optimal comfort while reducing energy usage by up to 40%. Changhong’s Ozone Supreme Care Washer & Dryer Pair utilizes cutting-edge washing and drying technologies to ensure top-tier performance.

The company’s smart home system, customized to individual family needs, integrates proactive services, energy efficiency, security, privacy, and AI capabilities. This innovative solution enables families to achieve up to 20% in annual energy savings.

On January 8, during a concurrent event, Changhong’s premium brand CHiQ was awarded the prestigious “Global Smart Home Brands Top 10” by International Data Group (IDG), further cementing Changhong’s leadership in the global consumer electronics sector.

Accelerated International Expansion: Changhong Thrives in the World of Winter Sports

Changhong has embraced the growing popularity of winter sports, with its premium brand CHiQ partnering since 2023 with the International Ski Federation (FIS) Ski Jumping World Cup and the Deutscher Skiverband e.V. (DSV). In November 2024, Changhong announced its sponsorship of the FIS Snowboard and Freeski Big Air World Cup, reinforcing its vibrant and international brand image.

In June 2024, World Brand Lab valued the Changhong brand at 236.876 billion yuan (approx. USD 32.5 billion) in its list of China’s 500 Most Valuable Brands. Changhong ranked 53rd in Asia’s 500 Most Valuable Brands in September, and 283rd in the World’s 500 Most Valuable Brands in December.

Changhong’s leadership is deeply committed to advancing its technological foundation and continuously pushing the boundaries of innovation. The company aims to further enhance the global consumer experience by providing even more convenient, comfortable, and intelligent lifestyle solutions.

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Minati Mohapatra Cycling Velodrome Inaugurated at KIIT-KISS Campus by Union Minister Mansukh Mandaviya

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BHUBANESWAR, India, Jan. 9, 2025 /PRNewswire/ — The Minati Mohapatra Cycling Velodrome was inaugurated today at the KIIT-KISS campus by the Union Minister of Youth Affairs and Sports, Mansukh Mandaviya. The velodrome is named in honor of Minati Mohapatra – Odisha’s first Arjuna Awardee in cycling.

Inaugurating the Velodrome, the Union Minister reflected on the significance of the occasion. “Today is an important day for me,” he said, what I witnessed aligns with the dream of Prime Minister Narendra Modi – a nation where education and sports go hand in hand.”

Quoting Acharya Chanakya, the minister emphasized the importance of education in shaping a nation’s future. “I am satisfied that the country’s future is in the capable hands of educationists like Dr. Samanta. KIIT, KISS, and KIMS are nurturing students who will grow into responsible citizens. Wherever I go, I will share the best practices I observed here,” Mandaviya added.

Dr Samanta, Founder of KIIT (https://kiit.ac.in/), KISS (https://kiss.ac.in/), and KIMS (https://kims.kiit.ac.in/), expressed his gratitude for the minister’s visit and highlighted plans to double the sports infrastructure at KIIT and KISS in the coming years. “With the minister’s blessings, we aim to expand our facilities further and provide more opportunities for budding athletes,” he remarked.

Maninder Pal Singh, Secretary General of the Cycling Federation of India, lauded the minister’s passion for sports. “The minister is a cycling enthusiast himself, and his contribution to promoting sports across the country is remarkable,” he said.

Minati Mohapatra, visibly moved by the honour, expressed her gratitude. “I am speechless. People say Dr. Samanta is like a god to us. This is the greatest honor of my life,” she said.

KIIT Vice Chancellor Prof. Saranjit Singh highlighted the minister’s achievements during his tenure as Union Health Minister, and KISS Vice Chancellor Prof. Deepak Kumar Behera delivered the vote of thanks.

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https://x.com/achyuta_samanta/status/1877011676085584240?t=6xAws1Tqjcoscx2vTR5LEw&s=08

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