ABN Newswire

Audio Pixels Holdings Limited (ASX:AKP) Chairman's Address to Shareholders

newsroom@abnnewswire.net — Mon, 28 May 2012 16:29:00 GMT

Audio Pixels Holdings Limited (ASX:AKP) (OTCQX:ADPXY) provide a copy of the Chairman's address which will be presented by Fred Bart at the Annual General Meeting of shareholders of at the Westin Hotel, Sydney at 9.00 am on Tuesday 29 May 2012.

Ladies and Gentleman,

Thank you for attending the 2012 Annual General Meeting of Audio Pixels.

I would like to start by acknowledging the management team and staff, and my fellow directors who have worked tirelessly in the pursuit of our goals, to commercialise our industry game changing digital speaker technology, and to make our company, Audio Pixels, a company of international standing.

This past year we continued our focus on the development and commercialisation of our digital speaker technologies into a high demand competitive product. The overall objective remains the same, which is the delivery to the market of our digital speaker technology innovation while securing solid margins for our company.

We have made significant progress toward the concurrent completion of product development, in combination with the development of mass production capabilities. In September 2011, we successfully completed what was considered to be the most critical of the four top-level development milestones. This phase involved a complete transition to more cost effective fabrication methods combined with a very significant alteration and optimisation of the electromechanical structure. All that without compromising sound levels or sound quality. The results of this phase have exceeded expectations; not only enabling advancement to subsequent phases but in fact, doing so at an accelerated pace. The results of this phase were validated using proprietary highly specialised measurement equipment developed in-house. These results have proved the underlying theory, that the pressure generated from the far smaller structures is equivalent, if not greater to, the pressure generated in the earlier larger structures. As a result the company was able to proceed with the subsequent two phases of development simultaneously (Phase 2 - geometrical optimisation for drive electronics, and Phase 3 - essentially a pre-production product). This should allow the company to enter the final phase of development, which is a fully integrated mass produced product earlier than originally planned.

To support the expedited commercialisation efforts, the company successfully attracted and engaged three of the world's leading micro electro mechanical systems ("MEMS") fabricators ("fabs"). Since the beginning of 2012, all the fabs have been working in close co-operation with the company to rapidly complete the next phases of development. The shorter-term objective is the fabrication of demonstrable playing speaker chips using mass production methods. If all goes as planned, the pre-engineering samples of playing chips will become available for market exposure in the last quarter of this year.

Yole Development, the leading research firm tracking the MEMS industry, recently forecasted that the MEMS industry would roughly double in size in less than five years (growing from $10B achieved in 2011 to $20B by 2016). Other industry experts have further predicated that within the relative near future the MEMS industry will exceed the $300B semiconductor industry. All experts point to the emergence of newly developed MEMS components and applications (including digital speakers) as the leading driver behind this phenomenal growth. This magnitude of opportunity permits, if not compels, MEMS fabrication companies, in particular world leading fabricators such as those currently engaged with AP, to be highly selective when choosing where to devote their resources. As global market leaders in MEMS fabrication, all three fabrication partners are highly sought after for cooperation by MEMS application companies. Therein lies the significance of having three of the world's leading fabricators pursue collaboration with Audio Pixels for the commercialisation of our digital speaker technologies. Standing perhaps as an even greater testament is that in the case of Audio Pixels, the fabs have decided to break from their normal practice and absorb the majority of the significant costs involved with developing mass fabrication methods. We believe that this unique situation offers a glimpse of the industry's perception as to the value and potential of our disruptive digital speaker technology.

I am sure, as a shareholder, you are also very interested in our intellectual property. This year, the company reached a very significant milestone having secured patent grants for the first two patent requests it submitted in 2006. On December 27, 2011, the US Patent and Trademark Office (USPTO) issued patent number 8085964 covering the fundamental speaker structure and its operation principles. This was followed by the USPTO's issuance to Audio Pixels of patent number 8126163 covering methods of controlling volume and tones in digital speakers. During the past year the company submitted an additional four patent requests, expanding its already formidable IP portfolio to 17 application categories.

The company recently engaged Merriman Capital to serve as the Principal American Liaison (PAL) for Audio Pixels Holdings Limited trading on the OTCQX (ADPXY). Our recent engagement with Merriman has afforded management an early opportunity to begin its connection with the global financial community. It is increasingly clear that we are rapidly gaining the recognition we deserve as the global leader of digital audio speaker technologies. In addition, our confidential discussions with most of the leading consumer electronic and computing device original equipment manufacturers ("OEM's"), has helped our value and brand gain significant worldwide market attention, acceptance and recognition.

Looking back on the past year, our achievements have paved the way for what is surely to be a very exciting year ahead. In the coming year, we anticipate making the formal introduction of our digital speaker technology into the marketplace with playing speaker chips.

I want to assure you that the relative lack of information coming out of the company is simply the natural course of a company making phenomenal progress in both the technological and business areas, whilst being prudent about not adversely affecting the company's position with unnecessary "noise". We do however anticipate that in this coming year a number of very exciting activities will reach optimal maturity, to share with shareholders and the broader market.

Last but not least, I want to thank all shareholders for their continued support.

Fred Bart
Chairman

Audio Pixels Holdings Limited
T: +61-2-9233-3915
F: +61-2-9232-3411
WWW: www.audiopixels.com.au

Audio Pixels Holdings Limited (ASX:AKP) OTCQX Trading Commences on 24 April 2012 in USA

newsroom@abnnewswire.net — Tue, 24 Apr 2012 13:56:00 GMT

Audio Pixels Holdings Limited (AKP:ASX) (OTCQX:ADPXY) is pleased to announce that its American Depositary Receipts ("ADR's") will commence trading on the OTCQX on 24 April 2012 (US EDT) under the symbol ADPXY. Each ADR represents one ordinary share.
Audio Pixels is pleased to advise that it has appointed Merriman Capital, Inc, a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX:MERR) as its Principal American Liaison ("PAL") as its ADRs begin trading on the OTC market's highest tier, OTCQX.

Investors can find real-time quotes, disclosure and financial information about Audio Pixels at http://www.otcqx.com.

Audio Pixels Holdings Limited
T: +61-2-9233-3915
F: +61-2-9232-3411
WWW: www.audiopixels.com.au

Audio Pixels Holdings Limited (ASX:AKP) Annual Report To Shareholders

newsroom@abnnewswire.net — Mon, 23 Apr 2012 08:30:00 GMT

The Directors of Audio Pixels Holdings Limited (ASX:AKP) submit herewith the financial report of the company for the financial year ended 31 December 2011. In order to comply with the provisions of the Corporations Act 2001.

Principal Activities

The principal activity of the Company is an investment in Audio Pixels Limited of Israel. During the year the company acquired the outstanding shares in Audio Pixels Limited of Israel and now owns 100% of Audio Pixels Limited.

Audio Pixels Limited is engaged in the development of digital speakers.

Results

The net loss for the financial year ended to 31 December 2011 was $2,930,697 (half-year financial period to 31 December 2010 - $530,606).

Dividends

The directors recommend that no dividend be paid and no amount has been paid or declared by way of dividend since the end of the previous financial year and up to the date of this report.

Review of Operations

In January 2011, the Company completed the acquisition of the remaining minority shares in Audio Pixels Limited of Israel following shareholder approval on 13 January 2011. Following the completion of the formalities, the company was relisted on the Australian Stock Exchange on 1 February 2011 under the trading symbol "AKP". The main activity of the Company is the development of digital speakers.

On 28 June 2011, the Company launched its Level 1 American Depositary Receipt ("ADR") program for quotation on the Over-The-Counter ("OTC") market in the United States of America with the ticker symbol ADPXY.

The Company continues to lease its commercial property known as Lots 3, 4, 25 and 45 at 360 Pacific Highway, Crows Nest to Sydneyside (Australia) Pty Limited.

Digital Speakers

This last year was dominated by the company's continued efforts and progress advancing the digital speaker technologies towards mass-production. As proudly announced earlier this year we entered into a joint development agreement with a leading Japanese Consumer Electronic and Semiconductor manufacturer. The joint activities, while taking longer than originally anticipated, nonetheless have yielded results that exceeded our expectations.

The technological achievements, which stand at the forefront of our efforts, have been de-risking many of the key aspects of the technology commercialisation. The successful reduction of the structures' dimensions in combination with at total transition to a more cost effective mass manufacturing process, undoubtedly improved the commercial viability of the product.

As we progress toward the next phases we have taken additional steps to further mitigate the risk and expedite our time to market. In the coming months we expect to be in position to announce additional partnerships that we have formulated with several of the worlds leading fabricators. The aforementioned technological achievements have attracted the best silicon manufacturers that bring to bear vast additional resources, cutting edge fabrication technologies, and a wealth of proven MEMS experience. The strategic combination of our fabrication partners will assure the company of among others:

- Improved Probability of Successful Commercialisation
- Accelerated Development and Expedited Time to Market
- Competitive and Incentivised Cost Effective Manufacturing
- Quality Assurance
- Production Capacity
- Multiple Sourcing
- Global footprint

The core strength of the company continues to be its management in combination with a relatively small team of highly dedicated and uniquely skilled individuals. With a watchful eye on the struggling global economy we have kept operational and personnel expenses to a minimum expanding the team only slightly as to include the specific expertise needed for the ongoing phases of development.

Over the course of the year the company has been heavily involved in expanding and strengthening its IP portfolio.

The company's early patent filings of 2006 and 2007 have begun to reach sufficient maturity whereby submitted applications are receiving patent grants in various jurisdictions. Our "Basic-1" patent covering many of the critical aspects of the core functionality and methods of operation has been granted in the US, as has our patent for "digital volume control".

This year alone we have added 6 additional patent applications, which are characterised as comprehensive patent applications covering critical technological aspects of the product and its usage.

The company continues to strategically engage the marketplace holding meaningful conversations and entering into Non-Disclosure Agreements with an increasing number of future potential clients and distributors - most such entities can only be categorised as global leaders in their respective industries/markets. The interest and feedback remain exceptionally positive, leading management to strengthen its opinion that the market opportunities available to the company extremely large.

Changes in State of Affairs

Apart from the acquisition of the outstanding shares of Audio Pixels Limited during the financial year there was no significant change in the state of affairs of the company other than that referred to in the financial statements or notes thereto.

Significant Events After Balance Date

There has not been any matter or circumstance that has arisen since the end of the financial year which is not otherwise dealt with in this report or in the financial statements, that has significantly affected or may significantly affect the operations of the company, the results of those operations or the state of affairs of the company in subsequent financial years.

Future Developments

The company will continue to focus on the development of its digital speaker technology.

Environmental Regulations

In the opinion of the directors the company is in compliance with all applicable environmental legislation and regulations.

Indemnification of Officers and Auditors

During or since the financial year, the company has not indemnified or made a relevant agreement to indemnify an officer or auditor of the company against a liability incurred as such an officer or auditor. In addition, the company has not paid, or agreed to pay, a premium in respect of a contract insuring against a liability incurred by an officer or auditor.

To view the complete Audio Pixels Annual Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-AKP-675710.pdf

Audio Pixels Holdings Limited
T: +61-2-9233-3915
F: +61-2-9232-3411
WWW: www.audiopixels.com.au

Asian Activities Report for February 9, 2012: Pacific Basin Shipping Limited (HKG:2343) Forms Alliance with Crowley Maritime Corporation

newsroom@abnnewswire.net — Thu, 9 Feb 2012 12:34:33 GMT

Pacific Basin Shipping Limited (HKG:2343), one of the world's leading operators of modern handysize and handymax dry bulk vessels and a global provider of diversified shipping services, has formed business alliance with US-based Crowley Maritime Corporation. The alliance aims to provide comprehensive project management, project cargo transportation, logistics, offshore support, and other services to Oil and Gas, Mining, and Engineering, Procurement and Construction Management customers undertaking major infrastructure projects in Southeast Asia and Oceania. The alliance will also provide customers with representation and a seamless marine cargo and logistics solution in and around the United States and Southeast Asia and Oceania.

Renesas Electronics Corporation (TYO:6723), a Japan-based semiconductor manufacturer, has opened a wholly-owned subsidiary in Sao Paolo, Brazil, to further expand its operations into South America. The new company will provide local sales promotion and technical product support, as well as regional systems solution development expertise.

Akebono Brake Industry Co., Ltd. (TYO:7238), a Japanese manufacturer of automotive and industrial brakes and related components, has announced the establishment of a new manufacturing facility in Mexico. The new production facility and supply base will facilitate a shift to localized production of Akebono Brake's components which have been exported to Mexico from Japan and elsewhere, to meet the increasing demand from automakers in Mexico.

Nikon Corporation (TYO:7731) announces the release of the Nikon D800 FX-format digital SLR camera, which offers a noteworthy effective pixel count of 36.3-million pixels. The camera has superior image quality and a number of new functions, including multi-area mode full HD D-Movie that enables movie recording using either the FX-based movie format or the DX-based movie format.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for February 7, 2012: GCL-Poly Energy Holdings (HKG:3800) Forms a Joint Venture with NRG Solar to Enter the US Solar Market

newsroom@abnnewswire.net — Tue, 7 Feb 2012 13:00:53 GMT

GCL-Poly Energy Holdings Limited (HKG:3800), a leading polysilicon and wafer supplier as well as a top green energy enterprise in China, has formed a 50:50 joint venture named Sunora Energy Solutions 1 LLC ("Sunora"), with NRG Solar, one of the largest photovoltaic ("PV") project developers in the United States. Sunora will seek to build selected projects developed by NRG Solar using GCL-Poly's performance-optimized PV system equipment and NRG's proprietary advanced racking technologies. GCL-Poly aims to participate in the fast-growing US solar market through this partnership.

Hutchison Whampoa Limited (HKG:0013) says that its subsidiary Hutchison 3G Austria ("3 Austria") has signed a binding agreement to acquire 100% of Orange Austria. After the acquisition 3 Austria will become a top 3 player in the Austrian market, with 2.8 million customers and a market share of 22%. Customers in Austria will benefit from 3 Austria's superior high speed data network coverage and quality through the improved spectrum position, retail footprint and efficiencies that the combined businesses will generate.

Furukawa Electric (TYO:5801) has completed the acquisition of SuperPower Inc., a US-based manufacturer of second generation high temperature superconductivity wire. Through this acquisition, Furukawa Electric plans to provide superconducting wire and develop applied superconductor devices for the smart grid, alternative energy and industrial sectors.

Tokyo Electron Limited (TYO:8035) plans to set up a wholly owned subsidiary in Singapore, called Tokyo Electron Singapore PTE Ltd., on April 1, 2012. The new subsidiary will engage in the sales and services support of semiconductor production equipment and parts in Singapore and other Southeast Asian nations to strengthen the Company's sales performance in Southeast Asia.

Qiubei Fu 
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Audio Pixels Holdings Limited (ASX:AKP) Presentation Merriman Annual Investor Summit 2012 New York

newsroom@abnnewswire.net — Thu, 2 Feb 2012 12:09:00 GMT

Audio Pixels Holdings Limited (ASX:AKP) (OTC:ADPXY) is pleased to advise that the Investor Presentation presented by Danny Lewin, the CEO of Audio Pixels Limited at the Merriman Capital Annual Investor Summit 2012 in New York on 1 February 2012 is now available on the company web site at the following link:
http://www.audiopixels.com.au/index.cfm/investor/presentations/

Backroung on Audio Pixels Holdings Limited

Audio Pixels Holdings Limited is company listed on the Australian Stock Exchange with the code AKP and has its ADR's listed on the OTC market in the USA with code ADPXY. Audio Pixels Holdings Limited owns 100% of Audio Pixels Limited, an unlisted Israeli corporation and was founded in July 2006 and has developed a revolutionary technological platform for reproducing sound, thus enabling the production of an entirely new generation of speakers that will exceed the performance specifications and design demands of the world's top consumer electronics manufacturers.

Audio Pixels patented technologies employ entirely new techniques to generate sound waves directly from a digital audio stream using low cost micro-electromechanical structures (MEMS) rather than conventional loudspeaker elements. This innovation enables the production of speaker products that deliver performance that is many orders of magnitude better than conventional speaker technologies, all in an affordable package that is only one millimetre thick.

Audio Pixels MEMS-based Digital Sound Reconstruction platform enables the market for audio speakers to follow the evolution of the video display market from large, heavy analog tube based monitors to the digital flat panel displays of today. Driving the rationale for change in audio speakers is the ever-increasing demand for smaller, thinner, clearer sounding, more power-efficient speakers. Conventional speaker technologies remain deeply rooted in the original voice coil inventions of Alexander Graham Bell. The inherent limitations of such speakers prohibit the delivery of quality sound in smaller packages. Audio Pixels innovative patents in the fields of electromechanical structures, pressure generation, acoustic wave generation and control, signal processing and packaging, combine to forever change this paradigm.

Market research overwhelmingly suggests that both manufacturers and consumers alike are starving for real innovation in audio speakers, in particular for good quality sound in a form factor that is far more compliant with current device and lifestyle trends. While the industry at large has been able to digitize and shrink all other device electronics, the last remaining barrier is the speaker, which remains large, heavy, bulky and extremely restrictive.

Upon achieving mass production capabilities Audio Pixels plans to sell and/or license its products to the manufacturers of speakers and consumer electronic devices worldwide, which collectively consume billions of speaker units annually. Audio Pixels will produce and sell a single type of silicon chip that can be used either as a standalone speaker or cascaded in any multiples of the same chip in order to achieve the desired performance specifications. This modular paradigm is entirely unique to the audio industry, which today expends significant resources designing and specifying new drivers, acoustic chambers and drive electronics for each new device. Audio Pixels innovative approach not only facilitates maximum flexibility to its customers, it further enables the customer to calibrate on the design and production of a singular product model, maximizing economies of scale, while limiting overhead associated with multiple versions of products.

Management maintains active exchange with industry leading companies spanning a broad cross section of the MEMS and consumer electronic industries. Audio Pixels Limited has already demonstrated the technology to potential customers and strategic partners.

Ian Dennis
Director
Audio Pixels Holdings Limited
Phone: +61-2-9233-3915
Email: iadennis@bigpond.net.au

Asian Activities Report for January 20, 2012: Tencent (HKG:0700) Invests in Level Up to Explore Online Game Markets in Brazil and the Philippines

newsroom@abnnewswire.net — Fri, 20 Jan 2012 12:00:18 GMT

China's largest and most used Internet service provider Tencent Holdings Limited (HKG:0700) has signed an agreement to acquire 49% interest in Level Up for US$26.95 million. Level Up is one of the leading game publishers and operators in Brazil and the Philippines. As of 30 November 2011, the consolidated total assets of Level Up were approximately US$32.3 million and net assets were approximately US$19.0 million. Tencent believes that the investment in Level Up will help Tencent identify opportunities in the online game sector in Brazil and the Philippines.

Asia Resources Holdings Limited (HKG:0899) says that its iron ore mine in Indonesia has commenced trial production in January 2012. An initial 5,000 metric tonnes of raw iron sand have been exploited and are currently under processing. Alongside with the trial production, the Group will commence marketing activities targeting both local and overseas customers for the sales of its iron sand.

Eisai Co., Ltd. (TYO:4523) will launch LIFE CHECK, a self-monitoring blood glucose meter on January 27, 2012. LIFE CHECK has been specially designed for ease-of-use by elderly diabetes patients. The sensor is easily inserted into the meter and has been designed to ensure that drops of blood from pierced fingertips can be easily applied. LIFE CHECK can even be used simply by diabetes patients who experience numbness and trembling in their hands and fingers.

Nihon Kohden Corporation (TYO:6849) announced the establishment of a 100%-owned subsidiary in Brazil, for the sales and after-sales support of medical devices. The sales subsidiary will aim to expand the market in Brazil, one of the major markets in Latin America, and to enhance brand image and provide tailored customer services. Operations will commence in April 2012.

NTT Data Corporation (TYO:9613) has commenced to provide supportive services, including ATM software and settlement networks, to regional banks in Japan whose ATMs are ready to accept China UnionPay cards. The Bank of Kyoto (TYO:8369) has become the first regional bank to adopt NTT Data's supportive services, and now provides cash withdrawal and balance inquiry services for China UnionPay card holders. The services will ensure that Chinese visitors can enjoy an even more pleasant shopping experience in Japan.

Qiubei Fu 
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for January 17, 2012: CMMB Vision (HKG:0471) Successful Developed First 6-MHz CMMB Chips for the US and International Market

newsroom@abnnewswire.net — Tue, 17 Jan 2012 12:17:02 GMT

CMMB Vision (HKG:0471) has successfully developed and produced its first 6-MHz CMMB chips for CMMB signal reception designed for the existing US television channel spectrum bandwidth. The standard TV spectrum channel for transmitting CMMB service in China is 8 MHz, while in the Americas a 6 MHz channel is the standard. The new 6 MHz chips will be incorporated into a wide range of existing CMMB products, including smartphones, tablets, USB dongles, mobile TV receivers, and business systems, for CMMB Vision to market its entire product range in the US market.

Poly (Hong Kong) Investments Limited (HKG:0119) announced today that the Group's contracted sales in 2011 amounted to approximately RMB 15.8 billion and the contracted gross floor areas sold were around 2.15 million square metres, representing a year-on-year growth of 39% and 47% respectively. The Group is one of China's prominent property developers, with residential and commercial properties in the cities along Yangtze River Delta and Pearl River Delta as well as in the second-tier cities and provincial capitals.

FamilyMart Co., Ltd. (TYO:8028) says that 200 convenience stores owned by FamilyMart will accept China UnionPay credit cards from January 17th, 2012, and Chinese tourists traveling to Japan can now make payment using UnionPay cards in those stores. FamilyMart rolled out credit card payment service in Japan since November 29th, 2011, covering a total of 8700 stores, of which 200 stores can now accept China UnionPay credit cards.

NEC Corporation (TYO:6701) has signed a contract with SAP (NYSE:SAP) Japan to provide Cloud Computing service - Software as a Service (SaaS) to global users. NEC is Japan's leading provider of technology products and solutions. It creates and provides cloud solutions and services that contribute not only to the field of IT and Networks but also to societal, individual and corporate activities.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for January 16, 2012: China Southern Airlines (HKG:1055) Eyes on Australia

newsroom@abnnewswire.net — Mon, 16 Jan 2012 13:05:43 GMT

China Southern Airlines (HKG:1055) (SHA:600029) has become a major international sponsor and the official airline for Sydney Festival 2012, which opens from 7 January to 29 January 2012 in Sydney. China Southern Airlines is the first Chinese company to sponsor Sydney Festival, Australia's most vibrant summer festival of arts and performances. The sponsorship worth A$600,000, is part of China Southern Airlines' strategic expansion in the Australian market. The Company has been flying into Sydney for over 10 years, with additional flights to Melbourne and Brisbane and a new direct Perth service added in 2011. It is currently offering Australians flights into China and 132 cities worldwide.

Hisense Group (SHA:600060) was honored with the "Value Innovation Award" for its I'TV2 product at the International Consumer Electronics Show (CES) in Las Vegas on January 10th. This is the first time a Chinese enterprise has secured the highly competitive CES award. Hisense' I'TV has become a very popular product in China since it was launched at the end of 2011. It is the world's first personalized Smart TV, built specifically as a tablet but with all the functions of a TV.

Chiyoda Corporation(TYO:6366) says that its joint venture company with JGC Corporation (TYO:1963) and Kellogg Brown & Root has been awarded an engineering, procurement and construction ("EPC") contract for the Ichthys LNG plant facilities in Australia. The overall EPC contract value is expected to be around US$15 billion. The Ichthys LNG project is an integrated natural gas field development project, which will produce 8.4 million tonnes of LNG, approximately 70% of which is to be delivered to Japan.

Bridgestone Corporation (TYO:5108) has developed a revolutionary new printing technology for tires that is different from any tire printing or coloring process on the market today. Through this new technology, Bridgestone can realize the more creative showcase of tires while also considering environmental concerns such as fuel efficiency, without any additional weight to the tire. Bridgestone plans to quickly bring this tire printing technology to market.

Elecom Co., Ltd. (JASDAQ:6750) has unveiled its latest USB products, which features a function for encrypting stored data through a strong encryption algorithm called AES 256 bit. In addition, the USB products have superb security function, embedded with anti-virus program Trend Micro USB Security(TM) 2.0, which can protect the data on flash drive and PCs that it connects to.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for January 12, 2012: Wuliangye (SHE:000858) Total Revenue in 2011 Topped the Chinese Liquor Industry

newsroom@abnnewswire.net — Thu, 12 Jan 2012 13:00:12 GMT

China's liquor maker Wuliangye (SHE:000858) says that the Group has topped the Chinese liquor industry by achieving a total revenue of RMB 20.2 billion in 2011. Its net profit and earnings per share both increased by over 40%. Sales is expected to continue to grow in 2012, targeting RMB 50 billion in 2012. In 2011, Wuliangye was in the third place among China's 100 Most Valuable Brands, with a brad value of RMB 58.626 billion. The Group is actively expanding overseas markets in Korea, Japan and the USA. It is currently working with Lotte Group of Korea to market its products into the Korean market.

Logitech International (NASDAQ:LOGI) has unveiled Logitech HD Pro 920, the Company's first video webcam that makes video calls at full HD resolution. Logitech HD Pro 920 can send 1,080p video streams during Skype chats and 720p through Windows Live Messenger, with smoother video motion and better image quality. The webcam can also capture digital still images of up to 15 megapixels in quality. Logitech HD Pro 920 is expected to hit the market in January, 2012.

Toyo Engineering Corporation (TYO:6330) has won a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system to be used in oilfield exploitation in Brazil. This is the twenty-eighth project to be executed by Toyo in Brazil. Toyo is striving to secure more overseas opportunities and to expand its business in the field of upstream activities such as resource development and FPSO.

NEC Corporation (TYO:6701) has announced the successful experimental demonstration of 1.15-Tb/s ultra-long haul optical transmission over 10,000 kilometers using optical superchannel technology. This is the first instance that a terabit/s channel generated from a single laser source has been transmitted over such a distance. The results clearly demonstrate that practical high-capacity transmission for transoceanic communication can be achieved using cost-effective superchannel technology.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net