Day: March 28, 2023

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Anaqua Provides Platform for Intellectual Property Management to Fujitsu

BOSTON, March 28, 2023 (GLOBE NEWSWIRE) — Anaqua, the leading innovation and intellectual property (IP) management technology provider, today announced that information and communications technology company Fujitsu has adopted Anaqua’s AQX platform to optimize the digital management of the company’s IP portfolios.

Anaqua will provide its AQX platform to Fujitsu to seamlessly connect and enhance global collaboration among R&D sites, IP departments, and outside counsel, bringing increased efficiency to the development of IP and management of the innovation lifecycle. AQX will also help empower Fujitsu in the timely execution of their global IP strategy through the establishment of a more data-driven approach to developing and maintaining an IP portfolio that best supports the broader business. In addition, through Anaqua’s cloud hosting services and commitment to security, certification processes, and compliance programming, the AQX platform will deliver a robust security environment for Fujitsu.

“We believe that the AQX IP management system, which is a global cloud service, will enable us to standardize and further enhance efficiency of IP operations, replacing our previous on-premise legacy system,” said Kanna Kimura, Director of the Cloud Services Management Department of the Digital System Platform Division of Fujitsu Limited.

Bob Romeo, CEO of Anaqua, said: “Anaqua will provide the best support for the management and protection of Fujitsu’s IP assets, which are critical in delivering the company’s goal of making a more sustainable world through the power of innovation.”

About Anaqua
Anaqua, Inc. is a premium provider of integrated intellectual property (IP) management technology solutions and services for corporations and law firms. Its IP management software solutions, AQX and PATTSY WAVE, both offer best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations, tailored to each segment’s need. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.

Company Contact:
Amanda Hollis
Director, Communications
Anaqua
617-375-2626
ahollis@Anaqua.com

GlobeNewswire Distribution ID 8794452

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Lantronix Announces New X300 Compact Cellular IoT Gateway Solution, Ideal for Mission-Critical Applications

Monitor and manage globally distributed assets with Lantronix’s X300 IoT Gateway Solution, which includes hardware, cloud-based device management, cellular connectivity, advanced security and tech support

X300 IoT Gateway

New X300 Compact Cellular IoT Gateway

IRVINE, Calif., March 28, 2023 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced its new X300 Compact Gateway IoT Solution. Ideal for secure mission-critical applications, the new X300 Cellular Compact IoT Gateway Solution combines Lantronix’s IoT gateway hardware with a premium services subscription, including centralized device management, integrated cellular data, enhanced device security and expert technical support in an all-in-one package.

“At Lantronix, we are committed to providing our customers with turnkey IoT solutions that efficiently solve their connectivity and remote device management challenges while offering expert technical support to ensure a successful deployment,” said Paul Pickle, CEO of Lantronix. “With the new X300 Compact Gateway IoT Solution, our customers can rest assured that they have a reliable, easy-to-manage solution, achieving maximum uptime and data security for mission-critical applications.”

According to Berg insights, more than 4.5 million cellular IoT gateways were shipped globally during 2021, a 23 percent increase, at a total market value of approximately $1.15 billion as annual sales grew at a rate of 14 percent as demand recovered following the COVID-19 pandemic. Annual revenues from the sales of cellular IoT gateways is forecasted to grow at a compound annual growth rate (CAGR) of 14 percent to reach $2.18 billion by 2026.

The X300 Compact Gateway IoT Solution includes:

  • X300 Gateway, a compact (79mm X 79mm) IoT industrial gateway with suitable hardware interfaces, including a Multi-mode Serial port, an Ethernet LAN port, Wi-Fi® 5, Bluetooth/BLE and Worldwide cellular options, enabling the connection of any type of industrial machine and sensor with any type of network.
  • Services included in the first-year subscription:
    • Free upgrade to ConsoleFlow™ premium cloud-based device management with analytics
    • Connectivity Services global, convenient and scalable cellular data plans
    • Free upgrade to LEVEL 2 Services prompt expert technical support and warranty with advanced hardware replacement
    • Lantronix InfiniShield™ built-in security, including a Secure Element (SE) chip to enable secure boot, secure equipment access and secure communications and to prevent unauthorized access of confidential information

The new X300 Gateway IoT Solution will be displayed at ISC West in Las Vegas from March 28–31, 2023, in the Lantronix booth, Number 2097. For more information on this all-in-one package, visit https://www.lantronix.com/products/x300-series/

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.

Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room and Datacenter applications. For more information, visit the Lantronix website.

Learn more at the Lantronix blog, which features industry discussion and updates. Follow Lantronix on Twitter, view our YouTube video library or connect with us on LinkedIn.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; the impact of the COVID-19 outbreak on our employees, supply and distribution chains, and the global economy; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022, filed with the Securities and Exchange Commission (the “SEC”) on Aug. 29, 2022, including in the section entitled “Risk Factors” in Item 1A of Part I of such report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

© 2023 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-212-0960

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/891ce64a-0d25-4f9e-add8-2538d7b31006

GlobeNewswire Distribution ID 8796263

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PM Says Ethiopia’s Economy Growing Despite Global, Local Challenges

Ethiopia’s economy is continually growing despite all the global and domestic challenges during the past months of the current fiscal year, Prime Minister Abiy Ahmed said.

Addressing the House of People’s Representatives this morning regarding the questions raised in connection to the six months report of the government, Abiy said Ethiopia’s economy is continually growing as the ties of the country with the global community increases.

The growth of global economy has been down for the past three years based on the projection of IMF from 6.1 percent in 2021, 3.4 percent in 2022 to 2.9 percent in 2023.

The global economy has also been facing several challenges including crisis in the banking sector, inability to repay loan, inflation and devaluation of local currencies among others, he said.

PM Abiy noted that sub-Saharan countries expected to register 3.8 percent growth as IMF projected 5.7 percent growth for Ethiopia this fiscal year.

For the premier, working on reducing accumulated debt, increased cost of living, filling the gaps in infrastructure and working on the difference between supply and demand will be crucial to realize the country’s ambitions.

Citing that inflation has been increased in Ethiopia for the past 20 years, PM affirmed that currently, 184 countries are facing challenges of inflation globally as 110 countries’ inflation increased by more than 10 percent.

Regarding the measures being undertaken to minimize inflation, Abiy said increasing supply of productions, subsidy and budget allocation are among the measures taken by the government.

He affirmed that the government has spent over 50 billion birr to subside fuel and another 21 billion birr for fertilizer over the past eight months.

In terms of resource mobilization, the nation has collected 210 billion birr from tax so far this budget year which exceeded by 28 percent compared last year’s similar period as the expenditure of the government amounted to 376 billion birr during the past seven months.

Man made and natural disasters were mentioned among the reasons for the rising of the expenditure as the export trade of the nation registered below the plan mainly due to the contraband trade of gold and khat during the stated period.

During the occasion, PM Abiy praised the service and foreign direct investment sectors for registering better performances so far.

Source: Ethiopian News Agency

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Nat’l Digital Agricultural Extension and Advisory Service Launches Implementation Phase of Roadmap

The National Digital Agricultural Extension and Advisory Service (DAEAS) Roadmap 2030 Stakeholders Forum formally launched the implementation of DAEAS’ roadmap today.

In his opening remark, Ethiopian Agricultural Transformation Institute CEO Mandefro Nigussie emphasized the roadmap’s role in improving farmers’ life, especially women and youth farmers.

According to him, the roadmap is developed with target in mind to increase farmers productivity income, improve farmers climate resilience, empower women and youth farmers, and improve nutrition and food security for rural households.

Agriculture State Minister Melese Mekonnen highlighted on his part the development of DAES, its importance, and the role of the private sector in the implementation of the roadmap.

He also explained that the roadmap has been developed using a constructive and iterative approach. “It is about empowering and enabling farmers by using digital systems …The government sees a strong role for the private sector to enable this digital transformation and implement the roadmap.”

Digital Economy Advisor at the Office of the Prime Minister, Myriam Said also noted the importance of digitalizing the agriculture sector in the overall economy of the country.

The full-day forum whose objective was bringing together key stakeholders in the digital agricultural ecosystem to promote collaboration coordination and learning was held in the presence of high-level federal and regional government officials, representatives of development partners, NGOs, and private enterprises.

Source: Ethiopian News Agency

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Africa Urgently Needs Concessional Financing to Build Resilience against Shocks: Experts

With financial, health and climate shocks threatening to reverse two decades of development progress in Africa, experts have called for urgent concessionary financing to help the continent build resilience and boost economic growth.

The experts made the remark during a one-day virtual workshop on Catalysing Access to the IMF Resilience and Sustainability Trust (RST), organized by AfriCatalyst and the Economic Commission for Africa (ECA).

According to the experts, a mix of shocks including food and fuel impact of the Russia-Ukraine war, climate change impacts, conflict, and tighter global financial conditions have increased Africa’s development financing gap and debt vulnerability.

ECA Director, Macroeconomics and Governance Division, Adam Elhiraika said that in the past six decades, every global recession has led to a rise in global government debt and that many African countries had increased their public debt.

A bulk of the public debt was incurred between 2020 and 2021 when countries sought to combat the impacts of the Covid-19 pandemic, he added.

As a result, many countries were struggling with high debt and in servicing it which was impeding poverty reduction and hindering their recovery from shocks.

“Despite national and international efforts, an increasing number of countries on the continent continue to struggle with substantial debt burdens and servicing their debt, with some already in debt distress or at high risk of debt distress,” Elhiraika said, emphasizing that this was impeding resilience-building to future shocks, which is key for sustainable development.

In a bid to help developing and lower middle-income countries build resilience to external shocks and achieve sustainable growth, the International Monetary Fund (IMF) established the Resilience and Sustainability Trust (RST).

Under the RST, is the Resilience and Sustainability Facility (RSF), an innovative financing instrument to help countries address long-term structural challenges, including climate change adaptation and mitigation and pandemics.

AfriCatalyst, an-Africa based global development advisory firm, has developed a practical guide to inform policymakers and domestic stakeholders about the RSF’s key features, eligibility criteria, and objectives, according to ECA.

The guide also explores how the IMF assistance under the RST could support the design and implementation of national macroeconomic policies to integrate climate and pandemic risks as well as the cost of adaptation into their macro-fiscal frameworks.

AfriCatalyst Founder and CEO, Daouda Sembene, said the RST had potential benefit for African countries, reeling under high indebtedness.

With the support of the Bill & Melinda Gates Foundation, AfriCatalyst was bolstering evidence generation and technical advisory support for African policymakers to promote access of Sub-Saharan African countries to IMF financing under the RST.

Sembene noted there was high demand for climate financing, but available resources were limited. The IMF was currently seeking 40 billion for the RST but had only effectively raised 26 billion USD.

“African countries need additional resources,” Sembene said, remarking that the cumulated climate finance of 52 African countries under the Nationally Determined Contributions was estimated at 2.3 trillion USD.

Senior Advisor, AfriCatalyst, Fenohasina Rakotondrazaka Maret said access to this financing will be granted based on the nations’ reform strength and debt sustainability.

The concessional loans have a 20-year maturity and a ten-and-a-half-year grace period. Borrowers will pay an interest rate that is a modest margin over the three-month SDR rate, with the poorest countries getting the most favorable financing terms.

Source: Ethiopian News Agency