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Telecom Industry Veteran Sam Saba Joins Mavenir to Lead Expansion in Asia Pacific
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Mavenir, a leader in accelerating software network transformation and transforming mobile network economics for communications service providers (CSPs), has appointed Sam Saba as Senior Vice President and Head of Asia Pacific region based out of the Sydney offices of the privately held US headquartered company. Mavenir offers a complete mobile network portfolio that is 100% software based, which paves the way for the affordable adoption of 5G services across the region. Having been a senior management figure for over two decades in the mobile telecommunications infrastructure business, Saba was enticed to join Mavenir as the industry’s only 100% end to end cloud based portfolio of solutions changes the mobile network operators economics through innovation.
Mavenir has virtualised core network and Access/RAN functions on open-interfaces and standard hardware platforms to bring solutions to the market that meet the 5G standard and provide feasible options for operators. By delivering end-to-end virtualised solutions from the core to the edge, Mavenir is redefining mobile network economics and is poised to disrupt the traditional equipment providers as a result, while helping operators succeed and deliver value inherent in the opportunities represented by 5G. A recent customer in Asia includes Rakuten Inc., Japan’s newest and most innovative mobile network, that will include Mavenir’s 5G ready platform which monetizes voice and messaging in a single application for least-cost roaming.
Saba has over 23 years of experience in telecommunications in Asia, and will be responsible for sales and customer engagement with the teams spanning five Mavenir offices across the region. The remit will be to re-define the mobile network economics by providing strategies and solutions for cost reduction, revenue generation and revenue protection.
Commenting on the appointment of Sam Saba to run the Asia Pacific business of Mavenir, President and Chief Executive Pardeep Kohli said, “Sam Saba brings considerable experience, his personal network and a tremendous track record in the telecommunications industry to Mavenir. We are delighted that he agrees that Mavenir represents the future in which virtualised solutions offer communication service providers new ways to add value to their subscribers in cost effective and rapid deployments.”
Saba established his industry credentials whilst working at Ericsson, a Swedish multinational networking and telecommunications company. Throughout his 23-year career, he held multiple senior Sales & Operations roles across SE Asia, Oceania & the Middle East regions and was in his last role the President of Ericsson Region Southeast Asia & Oceania between 2014 & 2017 based in Singapore.
Saba, said, “I want to play a role in the exciting Mavenir growth story. I believe that virtualisation of network architecture will herald a new era in telecommunications, ushering in the rapid and cost effective adoption of 5G in Asia Pacific. Mavenir is a disruptor and will be a key player in the transformation of the industry from deployment of expensive hardware to rapid activation of cost effective software solutions.”
Mavenir technology has received accolades around the world. The virtualized RAN solution won the 2019 5G MENA award and the 2018 TechXLR8 5G Asia Award for “Best RAN Product“ award for its innovative, flexible Cloud RAN solution as it can save operators 37% in total cost of ownership (TCO) over a five-year period due to a 49% reduction in capital expenditure and a 31% annual reduction in operating expenditure. The advanced 5G Core won the Leading Innovation award at 2019 NFV Europe event for its innovative architecture that makes multiple evolution options from 4G to 5G possible, providing a flexible solution regardless of where operators are in their transition process.
Slowing subscriber growth, regulatory intervention and intense competition place significant pressure on operators’ traditional mobile revenues demanding a new way to adopt new standards like 5G. With many ASEAN markets having youth as the largest segment of the population, strong desire for everything digital, and in many of these markets, the lack of legacy 4G infrastructure make them fertile ground for Mavenir’s virtualized Radio Access Network (vRAN) and cloud based portfolio. In other more mature markets like Japan and S. Korea, incumbent operators are being challenged by innovative companies like Rakuten, which is deploying technologies including virtualization, automation, machine-learning, and artificial intelligence as the new way to define and deliver unique services for mobile consumers, governments and enterprises.
SOURCE Mavenir
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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