(Aircraft Interiors Expo—Viasat Stand 3A10) — Viasat Inc., (NASDAQ: VSAT), a global communications company, announced today the introduction of its second-generation Ku-/Ka-band shipset, inclusive of an advanced hybrid antenna and complementary radome. The latest dual-band system, aimed at the commercial wide-body aircraft market, will keep passengers and crew connected across commercial Ku- and Ka-band Geosynchronous and Non-Geosynchronous satellite networks, virtually anywhere they fly around the globe. The shipset sets into motion an accelerated migration path for commercial airlines to operate on Viasat’s global network. It immediately enables worldwide roaming connectivity for new or retrofit aircraft – serving a large and growing portion of their routes on the fastest Ka-band networks, and the balance on global widebeam or spotbeam Ku satellites. Airlines can steadily migrate a greater proportion of their routes to the faster, more economical Ka-band service enabled by a growing array of partner satellites as well as the global ViaSat-3 constellation planned for launch in 2021 and 2022.
Viasat has years of expertise in delivering dual-band antenna systems to the global market. The Company’s first-generation shipset served airframes ranging from commercial narrow-body planes to larger senior leader government aircraft.
“Hybrid antenna systems are not new to Viasat—we have nearly two decades of experience deploying and managing these systems,” said Don Buchman, vice president and general manager, Commercial Aviation, Viasat. “Similar to the first generation, Viasat’s latest dual-band system promotes smooth transitions among multiple satellite beams across Ku- and Ka-band networks. Our next-generation Ku-/Ka-band terminal is the most capable and flexible solution for commercial wide-body aircraft—giving them a global solution today—with piece of mind that the technology deployed will be forward-compatible with the innovations in spacecraft technology of tomorrow.”
- For airlines: Viasat is providing a forward-compatible hybrid shipset solution that leverages today’s Ku- and Ka-band networks, but enables airlines to easily transition to the faster, more reliable, more economical Ka-band networks of tomorrow.
- For passengers and crew: Viasat’s hybrid technology allows for continuous connectivity when in-flight.
How it works
In-flight, customers will have access to all the Ka-band satellites currently participating in Viasat’s global network (WildBue-1, Anik-F2, ViaSat-1, ViaSat-2 and KA-SAT, as well as nbn’s SkyMuster I and II and other current and future partner satellites). When out of Ka-band coverage, service will switch to the Ku-band network. Viasat is continuing to add Ka-band capacity to its global network through partnerships and via its ViaSat-3 global Ka-band constellation, comprised of three ultra-high capacity satellites that are expected to offer complete visible Earth coverage. The first two ViaSat-3 class satellites are under construction to serve the Americas and the Europe, Middle East and Africa (EMEA) markets, respectively. These two satellites are expected to be launched by the 2021 timeframe. Viasat has also recently commenced a third ViaSat-3 class satellite for Asia Pacific (APAC), expected to be launched in the 2022 period—enabling full global Ka-band coverage.
SOURCE Viasat, Inc.
i-exceed’s Appzillon Powers Canara Bank’s Omni-Channel Consumer Banking – A Comprehensive Solution for Cutting-Edge Mobile and Internet Banking Experiences
For some time now, Canara Bank, one of the leading public sector banks in India has been working with i-exceed for a successful digital transformation.
The bank started its digital transformation journey in 2017 by launching CANDI – India’s first truly digital banking branch that offers various banking services to the customers including instant digital on-boarding.
The next phase of digital transformation took place in the form of Omni-Channel Consumer Banking. Here, the bank wanted to provide a consistent user experience to its customers across all mobile and Internet channels.
i-exceed’s Appzillon Omni-Channel Consumer Banking proved to be the right fit for Canara Bank’s requirements because of its capabilities to function as a stand-alone system and also perfectly integrate with existing legacy systems. Customers can now use common credentials and access a unified beneficiary database, limits, etc. across different solutions offered by the bank. i-exceed’s offering also ensured quick time to market of all the project deliverables in an agile manner.
Omni-Channel Consumer Banking has been built using Appzillon Digital Experience Platform. A unique differentiator of the platform is its micro-app based architecture. It enables app developers to combine as well as customise micro apps from Appzillon Digital Repository to build complex apps much faster than other platforms in the market. Apps developed using Appzillon follow a ‘code once deploy anywhere’ approach that significantly reduces development and deployment effort for a wide range of environments (operating systems, browsers, and device form factors). The scalable architecture of the platform played an integral role in the app’s success as it could swiftly adapt to the large volumes of transactions taking place on Canara Bank’s Internet banking channel.
Recently, leading global FinTech-focused analyst firm IBS Intelligence recognized i-exceed at the Global FinTech Innovation Awards for ‘Most Innovative Digital Banking Implementation’ at Canara Bank.
S Sundararajan, Executive Director at i-exceed commented, “We are proud to be associated with Canara Bank for almost three years in their digital transformation endeavours. We are very excited to partner with them on their multiple digital initiatives as they become a digital-first bank. We wish Canara Bank all the best in their initiatives and look forward to our continued engagement as there is a tremendous opportunity to bring more customers to perform all their transactions digitally.”
SOURCE i-exceed technology solutions
Ping An Completes First Venture Investment in India to Enhance Auto Services Ecosystem
Ping An Insurance (Group) of Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that Ping An Global Voyager Fund, its overseas investment arm, has led a US$70 million Series D in Indian auto technology company CarDekho, alongside Sequoia Capital and Hillhouse Capital. This is Ping An’s first venture investment in India.
CarDekho Group, founded in 2008, is one of India’s leading autotech companies. It has successfully digitized the auto ecosystem in India and is aggressively pursuing the vision to own the personal mobility space by helping customers across their entire car buying and ownership journey. CarDekho Group currently has operations in India, Indonesia and Philippines and operate leading Indian auto sites such as CarDekho.com, Gaadi.com, ZigWheels.com, BikeDekho.com, InsuranceDekho.com and PowerDrift.com.
Based in China, Ping An is one of the world’s largest financial services companies. Ping An has been investing heavily in technology and building five ecosystems covering financial services, health care, auto services, real estate services, and smart city services. The Group is the majority shareholder of China’s largest auto portal Autohome (NYSE: ATHM).
“Auto services are a core component of Ping An’s ‘finance + ecosystem’ strategy, reflected in our majority shareholding in Autohome in China. We have been extremely impressed with the business CarDekho has built in India, particularly its success in developing different types of financial services offerings to address car buyers’ needs,” said Donald Lacey, Managing Director and COO of the Ping An Global Voyager Fund. “The Global Voyager Fund’s stake in CarDekho represents Ping An’s first venture investment in India, and we are delighted to partner with an organization of CarDekho’s caliber.”
“It’s a matter of great pride for us at CarDekho that Ping An is choosing us as their first Indian investment. As a leading full stack autotech company in India, we at CarDekho are committed to help consumers throughout their car buying journey. Our unique auto ecosystem provides us a competitive edge in reaching out to consumers and engage with them through our various transaction models at one platform. With the latest fundraise, we will continue to strengthen our domestic and international businesses and will aggressively work towards becoming the largest personal mobility player in the country,” said Mr Amit Jain, CEO and Co-Founder, CarDekho Group.
SOURCE Ping An Insurance Group Ltd.
Broadridge Announces Pricing of $750 Million Senior Notes
Broadridge Financial Solutions, Inc. (NYSE: BR) (“Broadridge”) today announced that it has priced $750 million aggregate principal amount of 2.900% senior notes due 2029 (the “Notes”) in an offering registered under the Securities Act of 1933, as amended. Broadridge intends to use the net proceeds of this offering to repay the outstanding indebtedness under its revolving credit facility and for general corporate purposes.
J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., BNP Paribas Securities Corp., TD Securities (USA) LLC. and U.S. Bancorp Investments, Inc. are acting as the joint book-running managers for the offering.
The Notes are being offered pursuant to an effective registration statement only by means of a prospectus and related preliminary prospectus supplement, copies of which may be obtained from: J.P. Morgan Securities LLC collect at 212-834-4533, BofA Securities, Inc. toll-free at 800-294-1322, Morgan Stanley & Co. LLC toll-free at 866-718-1649 and Wells Fargo Securities, LLC toll-free at 800-645-3751.
You may also visit www.sec.gov to obtain an electronic copy of the prospectus and related preliminary prospectus supplement.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
SOURCE Broadridge Financial Solutions, Inc.
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