ABN Newswire http://www.abnnewswire.net Wed, 30 May 2012 01:12:38 newsroom@abnnewswire.net newsroom@abnnewswire.net 60 <![CDATA[ Amcom (ASX:AMM) L7 Solutions Business Awarded EMC #1 Partner ]]> en72262 Y http://www.abnnewswire.net/press/en/72262/ Thu, 12 Apr 2012 13:11:14 GMT Amcom (ASX:AMM) is pleased to announce that its recently acquired L7 Solutions business has taken the honour as EMC's West Australian and South Australian 2012 Partner of the Year for the second year running.

The prestigious annual award was presented as part of the recent 2nd Annual EMC Australia and New Zealand 2012 Velocity Partner Summit in Sydney and recognises innovative and outstanding contributions to the IT&T industry across a variety of categories.

"We are delighted to award L7 Solutions as our WA & SA EMC Partner of the Year for the second year. The award is in recognition of their commitment to excellence in engineering delivery and sales achievements," said Brett Harris, General Manager Channels - Australia and New Zealand.

Amcom Group Executive - Managed IT Services, Matt Sullivan, added: "We are proud of our relationship with EMC and look forward to continuing to meet the needs of our customers through the delivery of first class solutions. These awards reflect the underlying quality of our partnerships and customer relationships as well as our continuing business investment in the cloud market."

Amcom's L7 Solutions business has built on an established relationship with EMC. In 2010, L7 Solutions was appointed as an EMC Signature Partner, ranking number one for WA market share in 2009 and 2010 for Unified Storage and Backup/Recovery Systems product sets. Additionally, L7 Solutions was the first West Australian IT integrator to achieve VCE Vblock certification, the Virtual Computing Environment Company, which was formed by EMC and Cisco, and is the only training provider accredited to resell EMC Training in Western Australia.

Through its recently acquired L7 Solutions business, Amcom has been working with EMC for over 7 years. Amcom is a EMC Signature Partner, Cisco Gold Partner, VMware Enterprise Solution Provider and Virtual Computing Environment (VCE) certified systems integrator.

Over the past 12 months, Amcom has achieved strong organic sales growth from its core fibre-based data, internet and unified communications services and expanding business services offering including data centre management, cloud, managed IT services and IT integration services.

Matt Sullivan
Group Executive - Managed IT Services
Tel: +61-8-6466-7779
Email: matt.sullivan@amcom.com.au

]]> newsroom@abnnewswire.net <![CDATA[ SingTel CIO Day 2012 Hong Kong - Unleash the Power of Your Business with Fixed Mobile Cloud Convergence ]]> en72004 Y http://www.abnnewswire.net/press/en/72004/ Mon, 19 Mar 2012 10:02:33 GMT SingTel CIO Day 2012 - Hong Kong 'Unleash the Power of Your Business with Fixed Mobile Cloud Convergence' is heading into its third year on 23rd March, 2012 at Grand Hyatt Hong Kong. Gathering up to 600 C-level delegates, this year will be the largest congregation of industry movers and shakers, entrepreneurs, and business leaders from the region.

Showcasing innovative and intelligent ICT services 'Enterprise Mobility, Cloud Computing and Disruptive Technology', you are expected to learn how these 3 ICT services can converge and unleash the power of your business to its utmost.

This year's featuring keynote speaker, Mr. Jack Uldrich, renowned global futurist and best-selling author, will share his insights on '2020 ICT Predictions and the Business Impacts for CIOs in Asia'. In this ever-evolving world of technology, the unpredictable future will test even the most successful and well-run institutions. Mr. Uldrich will discuss what information CIOs will need to possess in order to better understand this future, as well as outline the strategies they must employ today in order to help prepare their organizations for tomorrow's accelerating change.

Featuring luminary Industry Keynotes, Executive Insight Panels on Convergence of ICT Services, Cutting Edge Solution Showcases from Leading Providers a and Extensive Networking with ICT Though-Leaders and Peers, you can gain insights from influential and respected industry practitioners and discover innovations that will help your organization advance. Join the SingTel CIO Day 2012 - Hong Kong today to explore more than just the technology.

Event Location: Grand Ballroom, Grand Hyatt Hong Kong
Event Time: 23rd March 2012, 9:00 - 16:30

For additional Information, please visit http://www.cioday2012.com

Jeanette Sin
T: +852-3563-5869
E: Jeanette.sin@mig-events.com

]]> newsroom@abnnewswire.net <![CDATA[ SAI Global (ASX:SAI) Reports Solid First Half Growth and Positions For Stronger Growth In FY13 ]]> en71658 Y http://www.abnnewswire.net/press/en/71658/ Tue, 14 Feb 2012 11:52:28 GMT SAI Global Limited (ASX:SAI) today announced a statutory half-year net profit after tax attributable to shareholders of $21.7M, representing an increase of 29.1% over the corresponding period. Underlying net profit, which backs out the impact of significant charges, was $22.1M, an increase of 12.7% over the underlying profit in the corresponding period.

All businesses contributed to the result with solid organic growth enhanced by full period contributions from recent acquisitions. This growth was achieved despite the continuing adverse impacts of the stronger Australian dollar. Sales revenue increased by 6.8% to $222.6M. Underlying EBITDA increased to $48.7M, up 10.9% on the corresponding period. Operating cash inflows before significant charges were up 21.2% to $26.0M.

Chief Executive Officer, Tony Scotton said: "Achieving growth in revenue across all of our businesses is satisfying given the uncertain economic times". He added "the growth in profitability is particularly pleasing given that we have begun to add the capability across the organisation, which we foreshadowed last August, to respond to recent new business wins and to take advantage of the other opportunities presenting themselves across our businesses. These extra costs will result in a flat second-half EBITDA relative to the prior period ahead of an expected uplift in profit in FY13".

KEY PERFORMANCE INDICATORS

The underlying basis is a non-IFRS measure that, in the opinion of the Directors, is useful in understanding and appraising the Company's underlying performance. The underlying basis excludes the costs associated with acquiring and integrating new businesses and costs associated with materially restructuring the business.
-----------------------------------------------------------------------
Sales revenue                        $222.6M                   Up 6.8%
EBITDA                               $48.0M                    Up 20.9%
Underlying EBITDA1                   $48.7M                    Up 10.9%
Statutory net profit after tax       $21.7M                    Up 29.1%
Underlying net profit after tax(1)   $22.1M                    Up 12.7%
Statutory EPS                        10.8 cents                Up 22.7%
Underlying EPS1                      11.1 cents                Up 6.7%
Interim dividend                     6.8 cents, 100% franked   Up 7.9%
Net operating cash inflow1           $26.0M                    Up 21.2%
-----------------------------------------------------------------------
(1). Before significant charges of $766k before tax, $473k after tax
Information Services
-----------------------------------------------------
                            1H12       1H11    Change
-----------------------------------------------------
Sales revenue ($M)          100.8      97.2      3.7%
EBITDA ($M)                  25.4      23.0     10.4%
EBITDA Margin (%)            25.2      23.6      1.6%
-----------------------------------------------------
Both businesses within the information Services division experienced organic growth during the period.

The Property business achieved revenue and EBITDA growth of 6.1% and 23.6% respectively reflecting the benefits from operational efficiency initiatives and strong growth in the banking workflow business. The EBITDA margin expanded to 12.8%, up from 11.0% in the corresponding period.

In July 2011 the Property business was awarded a national settlement services contract with ANZ bank. Much of the focus over the first-half has been on preparing the business to take on the ANZ settlement services in the States that it currently does not service, together with pursuing opportunities with other financial institutions.

The Standards business achieved constant currency revenue and EBITDA growth of 1.2% and 7.5% respectively. The lower than trend growth in revenue reflects the reduced sales of the Pressure Vessel Code which was revised last year and resulted in a revenue "spike" in the corresponding period.

Sales of standards within Australia in the first-half have been hampered by a lack of new product. In addition, the State of Victoria has delayed publishing the new workplace health and safety legislation. Together these factors contributed to the below trend revenue growth in the standards business. Standards production in Australia is projected to pick up over the next several months. The operating focus over the past six months has been on advancing business development through establishing relationships with trade associations, government agencies and other standards organizations to broaden our distribution reach.

Compliance Services
-----------------------------------------------------
                           1H12      1H11      Change
-----------------------------------------------------
Revenue ($M)               40.0      35.2       13.6%
EBITDA1 ($M)               14.5      12.9       12.7%
EBITDA Margin(1) (%)         36.2      36.5      (0.3%)
-----------------------------------------------------
(1). Before the impact of significant charges
The Compliance Services division achieved solid growth in the first-half reflecting both organic growth and a full period contribution from Integrity Interactive. Despite the adverse impact of the stronger Australian dollar, revenue grew by 13.6% over the corresponding period to $40.0 million and EBITDA before significant charges grew by 12.7% to $14.5 million. The EBITDA margin before significant charges was 36.2%, down marginally from the 36.5% achieved in the corresponding period. The EBITDA margin has been adversely impacted by the extra expense associated with investment in sales and marketing resources to support the division's product suite relating to the UK Bribery Act.

While global interest in anti-bribery/anti-corruption (ABAC) persists, the take-up by clients to date has been slower than projected. Adjustments to the level of sales focus coupled with the provision of a SaaS-based ABAC solution at a more compelling price point (a result of the Compliance 360 acquisition) are expected to result in an improved bookings performance over the next several months. The long-term expectation that ABAC will be a driver of growth for the Compliance business remains firm.

In January 2012, i.e. after the balance date, the division announced that it had acquired Compliance 360, a recognised leader in the provision of SaaS-based governance, risk and compliance (GRC) services to markets in the United States. A cornerstone of the strategy for our Compliance Services business is to build market leading positions across key product areas. In 2010 a leadership position was achieved in the ethics training and awareness space through the acquisition of Integrity Interactive. The acquisition of Compliance 360 is a significant step in achieving similar status in the GRC space.

Assurance Services
-----------------------------------------------------
                           1H12      1H11      Change
-----------------------------------------------------
Revenue ($M)               82.9      77.2        7.3%
EBITDA ($M)                14.5      12.6       15.1%
EBITDA Margin (%)          17.5      16.3        1.2%
-----------------------------------------------------
The Assurance Services division saw growth rates ahead of trend due to strong performances across our Asia and EMEA businesses, supported by solid performances across our more mature Australian, North America and Product Services businesses. This growth was achieved on the back of ongoing growth in our food, retail and environmental products. Sales revenue grew by 7.3% to $82.9 million despite the adverse impact of the stronger Australian dollar. EBITDA grew by 15.1% to $14.5 million at an expanded margin of 17.5%, up from 16.3% in the corresponding period through improved operational efficiencies at the gross margin line and better leveraging of the overhead base on higher revenues, most significantly in our larger North American and Australia businesses and emerging Asia business.

We continue to grow our share of the global retail-agri-food market, most significantly in the Americas and Europe, whilst expanding our capabilities in key related supplier markets. Expanding our global capability through a harmonised operational approach and business systems platform, complimented by strong account management capability continues.

Outlook

The Company expects continued revenue growth in the second-half and will accelerate the adding of resources and capability in the second-half to position the Company to take advantage of the opportunities emerging across each division. Revenue from the ANZ contract is now expected to ramp up in mid-year instead of February 2012. Accordingly, the Group's second-half EBITDA is expected to be flat relative to the corresponding period ahead of strong revenue and profit growth in FY13. The property business is projecting a significant uplift in new business in FY13 over and above that associated with the ANZ contract.

EBITDA growth of circa 20% is targeted across the Group in FY13 off the back of an uplift of up to $10M in the property business, continued organic growth across the other businesses and a full year contribution from Compliance 360.

SAI's businesses have demonstrated resilience through tough times. However, we continue to monitor the trading environment closely.

Media & Investor Inquiries

Tony Scotton
Chief Executive Officer
SAI Global Limited
T: +612 8206 6182
Mob: +61-419-527-592

Geoff Richardson
Chief Financial Officer
SAI Global Limited
T: +612-8206-6805
Mob: +61-429-314-698

http://www.saiglobal.com

]]> newsroom@abnnewswire.net <![CDATA[ Asian Activities Report for February 9, 2012: Pacific Basin Shipping Limited (HKG:2343) Forms Alliance with Crowley Maritime Corporation ]]> en71610 Y http://www.abnnewswire.net/press/en/71610/ 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

]]> newsroom@abnnewswire.net <![CDATA[ Asian Activities Report for February 8, 2012: Great Wall Computer (SHE:000066) Partners with Satcon (NASDAQ:SATC) in Chinese Solar Projects ]]> en71595 Y http://www.abnnewswire.net/press/en/71595/ Wed, 8 Feb 2012 13:00:30 GMT Great Wall Computer Company Limited (SHE:000066), a Chinese electronics contract manufacturer, has agreed to form a strategic sales and manufacturing partnership with Satcon Technology Corporation (NASDAQ:SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market. Under the partnership Great Wall has committed to an initial purchase of approximately 60 megawatts of Satcon's PowerGate Plus solutions, which are expected to be delivered by April and utilised for Great Wall's projects. The two parties will also work together to reduce cost through design and supply chain improvements.

Anhui SaunaKing Co., Ltd. (SHE:300247), one of the leading manufacturers and exporters of sauna products in China, has proposed to acquire 100% stake in Saunalux, a German manufacturer of saunas and thermal cabins, for 2.1 million euros, and to invest a further 4.25 million euros in Saunalux as operating capital. Through the acquisition SaunaKing intends to expand its market position in Europe by utilising Saunalux's channel and resources, and to introduce Saunalux' high end brands into the Chinese market.

Suzuki Motor Corporation (TYO:7269) will establish a 50:50 joint venture company with Intelligent Energy Holdings PLC ("IEH") of UK, in February 2012, for developing and manufacturing fuel cell system. The Joint venture company, named SMILE FC System Corporation, aims to develop and commercialize a product by combining the fuel cell development technology of IEH, and control and mass-production technologies of Suzuki.

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

]]> newsroom@abnnewswire.net <![CDATA[ Asian Activities Report for January 20, 2012: Tencent (HKG:0700) Invests in Level Up to Explore Online Game Markets in Brazil and the Philippines ]]> en71362 Y http://www.abnnewswire.net/press/en/71362/ 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

]]> newsroom@abnnewswire.net <![CDATA[ Asian Activities Report for January 19, 2012: King Jim (TYO:7962) New Product "iScamil" Scans Documents Directly onto iPads ]]> en71333 Y http://www.abnnewswire.net/press/en/71333/ Thu, 19 Jan 2012 12:00:27 GMT King Jim Co., Ltd. (TYO:7962) says that its latest scanner product "iScamil" can easily convert iPad/iPad 2 into a portable scanner and digitises documents directly onto iPads. "iScamil" can handle everything from business cards to A4-sized documents, and directly save scanned copies as 300dpi JPEG files in the iPad's picture folder. Users can also have a real-time preview on their iPads as the items are pulled through the feeder and scanned. "iScamil" will be available in the Japanese market on February 17th, 2012, priced at 15,540 yen. King Jim expects to sell 30,000 units in the first year after launch.

Anton Oilfield Services Group (HKG:3337) today announces its strategic objectives for 2012, as it works towards its goal of becoming a leading global oilfield technology services company with a strong foothold in China. The Group expects to increase its market share in natural gas and horizontal wells, to increase revenue generated from business outside of China, and to make acquisitions worldwide.

SouthGobi Resources Limited (TSE:SGQ) (HKG:1878) says that the Company has successfully completed its 2011 guidance for coal sales and production. 4.02 million tonnes of coal were sold in 2011, representing a 58% year-on-year increase, whilst coal production for 2011 amounted to 4.57 million tonnes, up 64% than 2010.

Rhythm Watch Co., Ltd. (TYO:7769) has released a new alarm clock product with many features for emergencies and disaster prevention. It has AM/FM radio, a flashlight, a hand crank generator, and a USB jack for charging mobile phones. The product operates on either battery or AC power. It will be available in the Japanese market on 25 January 2012.

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

]]> newsroom@abnnewswire.net <![CDATA[ Asian Activities Report for January 17, 2012: CMMB Vision (HKG:0471) Successful Developed First 6-MHz CMMB Chips for the US and International Market ]]> en71303 Y http://www.abnnewswire.net/press/en/71303/ 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

]]> newsroom@abnnewswire.net <![CDATA[ Asian Activities Report for January 16, 2012: China Southern Airlines (HKG:1055) Eyes on Australia ]]> en71292 Y http://www.abnnewswire.net/press/en/71292/ 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

]]> newsroom@abnnewswire.net <![CDATA[ Asian Activities Report for January 12, 2012: Wuliangye (SHE:000858) Total Revenue in 2011 Topped the Chinese Liquor Industry ]]> en71266 Y http://www.abnnewswire.net/press/en/71266/ 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

]]> newsroom@abnnewswire.net