Fintech PR
Quantum Machines Forges Strategic Partnerships with Leading Korean Research and Investment Groups
SEOUL, South Korea and TEL AVIV, Israel, June 28, 2023 /PRNewswire/ — Quantum Machines, the world’s leading provider of quantum control systems, is pleased to announce the signing of three significant Memorandums of Understanding (MOUs) with prominent Korean research and investment organizations. The MOUs, signed with the Korea Research Institute of Standards and Science (KRISS), Korea Quantum Computing Industry Leaders’ Alliance (QCILA), and Orientom, will foster collaboration and strengthen the relationship between local Korean researchers, Quantum Machines, and the Israeli Quantum Computing Center (QCC), which is being developed and managed by Quantum Machines.
The signing ceremony for the MOUs took place on June 27 as part of Korea Quantum Week at the Dongdaemun Design Plaza in Seoul. It brought together representatives from Quantum Machines, KRISS, QCILA, and Orientom to commemorate the beginning of these substantial collaborations. The event provided an opportunity for stakeholders to share insights, explore potential synergies, and discuss future prospects in quantum computing.
KRISS, the Korea Research Institute of Standards and Science, serves as the national measurement standards laboratory for the Republic of Korea. As a government-funded institute dedicated to advancing measurement technologies, KRISS plays a crucial role in providing a broad range of national standards. This partnership with KRISS will facilitate the exchange of expertise and knowledge in the field of quantum computing, enabling Quantum Machines and KRISS to further advance quantum control systems.
The Korea Quantum Computing Industry Leaders’ Alliance (QCILA) is a consortium of commercial entities in Korea comprising telecom companies, including Telcos, LGE, Samsung, POSCO ICT, and more. The MOU with QCILA aims to foster collaboration between Israeli and Korean stakeholders and facilitate technological advancements through joint efforts.
Orientom, a specialized software company focused on the quantum finance platform, is currently involved in a quantum computing project in the financial sector and has an upcoming project in collaboration with the Korea Meteorological Administration for climate forecasting. Orientom and Quantum Machines are keen to collaborate on equipment and algorithm development, aiming to leverage the broad expertise and capabilities of both entities.
These MOUs represent significant milestones in the global quantum computing landscape. By partnering with leading Korean research and investment groups, Quantum Machines reinforces its commitment to advancing the field of quantum control systems and fostering international collaboration. These partnerships will facilitate knowledge exchange, technology transfer, and joint research efforts, contributing to the accelerated development of quantum computing worldwide.
“We are thrilled to collaborate with esteemed organizations like KRISS, QCILA, and Orientom,” said Itamar Sivan, co-founder and CEO at Quantum Machines. “By leveraging the collective expertise of both Israeli and Korean researchers, we aim to accelerate the development of quantum computing technology and propel the industry to new heights. Through collaborative research, knowledge exchange, and joint initiatives, we are confident in our ability to revolutionize the landscape of quantum computing and drive innovation on a global scale”.
About Quantum Machines
Quantum Machines (QM) drives quantum breakthroughs that accelerate the realization of practical quantum computers. The company’s Quantum Orchestration Platform (QOP) fundamentally redefines the control and operations architecture of quantum processors. The full-stack hardware and software platform is capable of running even the most complex algorithms right out of the box, including quantum error correction, multi-qubit calibration, and more. Helping achieve the full potential of any quantum processor, the QOP allows for unprecedented advancement and speed-up of quantum technologies as well as the ability to scale to thousands of qubits. Visit us at: www.quantum-machines.co
Contact:
Gavriel Cohen
[email protected]
+1-914-336-4633
View original content:https://www.prnewswire.co.uk/news-releases/quantum-machines-forges-strategic-partnerships-with-leading-korean-research-and-investment-groups-301864495.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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