stealth-coating-market-to-garner-$3750-million,-globally,-by-2027-at-5.3%-cagr,-says-allied-market-research

Stealth Coating Market to Garner $375.0 Million, Globally, By 2027 at 5.3% CAGR, Says Allied Market Research

 

Allied Market Research published a report, titled, “Stealth Coating Market by Resin Type (Epoxy, Polyurethane, and Polyimide) and Application (Aerospace & Defense, and Automotive): Global Opportunity Analysis and Industry Forecast, 2020-2027.” According to the report, the global stealth coating market garnered $249.0 million in 2019, and is projected to garner $375.0 million by 2027, registering a CAGR of 5.3% from 2020 to 2027.

Prime determinants of growth

Rise in epoxy stealth coatings demand and increase in application from the aerospace & defense industry drive the growth of the global stealth coating market. However, high cost of investment restrains the market growth. Contrarily, surge in investment in R&D for stealth technology creates new opportunities in the next few years.

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COVID-19 Scenario

  • Manufacturing activities of stealth ships, aircrafts, and drones has been restricted to the significant extent due to the lockdown measures taken by the governments of various countries including RussiaChina, and others.
  • Furthermore, manufacturers of the fifth-generation stealth fighter aircraft halted their manufacturing activities, which in turn, led to lowered demand for stealth coating.

The epoxy segment to maintain its leadership status during the forecast period

By resin type, the epoxy segment accounted for the highest market share, contributing to nearly half of the global stealth coating market in 2019, and is estimated to maintain its leadership status during the forecast period. This is due to increase in applications in the aerospace & defense and automotive sectors along with its properties such as strength, durability, and chemical resistance. However, the polyurethane segment is expected to manifest the highest CAGR of 5.8% from 2020 to 2027, owing to growth of the automotive industry and surge in demand and production of luxurious cars across the developing countries such as India and China.

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The aerospace & defense segment to maintain its dominance during the forecast period

Based on application, the aerospace & defense segment contributed to the largest market share in 2019, accounting for nearly 90% of the global stealth coating market, and is projected to maintain its dominance in terms of revenue during the forecast period. Moreover, this segment is projected to register the fastest CAGR of 5.5% from 2020 to 2027. This is due to vital role played by stealth technology in next-generation military assets such as aircraft, ships, and drones along with rise in aircraft production and demand. The report also analyzes the automotive segment.

North America to maintain its lead position by 2027

By region, North America held the highest market share in 2019, accounting for more than two-fifths of the global stealth coating market, and is estimated to maintain its lead position by 2027. Moreover, this segment is projected to maintain the highest CAGR of 5.6% during the forecast period. This is due to rise in aircraft production, especially in the U.S. and increase in consumption of stealth coatings in luxurious cars. The report also discusses regions including Asia-PacificEurope, and LAMEA.

Leading Market Players

  • Intermat Defense
  • Hyper Stealth Technologies Pvt. Ltd.
  • CFI Solutions
  • Veil Corporation
  • Micromag, Stealth Coatings Inc.
  • Stealth Veils

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iiit-hyderabad’s-annual-r&d-showcase-on-6-march

IIIT Hyderabad’s Annual R&D Showcase On 6 March

 

IIIT-Hyderabad’s annual R&D showcase will be conducted on Saturday 6 March in an entirely virtual format. The event is a great opportunity for the general public to interact with faculty and students and understand their work in more tangible forms through demos, prototypes and presentations in keeping with the institute’s endeavour to promote applied research that benefits society.

Currently in its 20th edition, the event has grown from strength year-on-year and attracts more than 3,000 visitors from research, academia, media and industry. This year’s virtual research expo will feature IIITH’s 22 research centres, 300+ research demos and an inaugural keynote by Prof Ashok Jhunjhunwala, Institute Professor, IIT Madras.

This year’s showcase will also present research from IIITH’s Kohli Centre of Intelligent Systems (KCIS), the recently launched Smart City Research Centre set up in collaboration with MEITY (Government of India), Smart City Mission and Government of Telangana, as well as Applied Artificial Intelligence (AI) Research Centre (INAI) that has been working on applying AI to population scale problems in the Indian context, combining research and translation in collaboration with Intel and Govt of Telangana.

Commenting on R&D Showcase 2021, Prof P J Narayanan, Director, IIITH said, “While we will miss the in-person interaction with visitors from other educational institutions and industry, students have enthusiastically adapted to the new virtual format and are excited to showcase their research and the positive impact of technology on society to an even larger borderless audience.”

The showcase will be viewable at https://rndshowcase.iiit.ac.in/

tig-and-thirdspace-join-forces-to-become-the-uk’s-leading-advanced-digital-msp

TiG and ThirdSpace Join Forces to Become the UK’s Leading Advanced Digital MSP

 

TiG, one of the UK’s leading Cloud, Data Analytics and Managed Services providers to the financial services sector, announced the strategic acquisition of ThirdSpace, the UK’s leading professional services provider of Microsoft Identity and Cyber Security solutions. The combined proposition delivers a fully comprehensive suite of services based on Microsoft technology, for organisations that demand secure modern working and digital transformation.

The group now boasts over 210 employees providing advanced Azure transformational solutions, data analytics, 24/7 managed services, as well as the latest Sentinel and SOC solutions to identify and respond to critical security threats.

Des Lekerman, CEO, TiG states, “Over the years and with a number of strategic acquisitions, we have built a great business that we are extremely proud of. This acquisition is transformational as we can now provide a deeper and broader set of services to our clients. There is huge demand in the market for an advanced digital MSP with a customer centric flexible approach. The combined suite of services are a key differentiator in the market and a fantastic opportunity for all our people.

To drive the company’s ambitions to become the UK’s leading Advanced Digital MSP, ThirdSpace’s CEO, Neil Coughlan, will join the TiG board as Chief Strategy Officer and Sales Director, Nick Lamidey, will join the board as Chief Sales Officer.

Neil Coughlan states “This acquisition builds on a long-standing relationship with TiG – a team that we know and trust, and an organisation that retains the same culture of supporting and developing great people to enable success. We are delighted to be realising one of ThirdSpace’s strategic goals in expanding our security capabilities with a full Managed Service Cloud Platform and offering.”

Both organisations are recognised by Microsoft, with ThirdSpace the first service provider to be awarded Partner of the Year for Security and Compliance, finalists in 2020, and recently recognised as one of the first 10 partners globally to be awarded the Microsoft Threat Protection Advanced Specialisation.

The acquisition has been completed with the financial backing of minority investor BGF and debt funding from Santander’s Growth Capital team. Both continued to support TiG’s ambitious plans for expansion and market penetration going forward. It is the third acquisition that TiG has made since BGF’s investment.

Mark Nunny, investor at BGF, said: “We’ve supported TiG’s since 2018 and this latest round of funding forms part of a long-term strategy for developing service capability, sector expertise and scale. The acquisition of ThirdSpace adds a value-enhancing skillset in cyber that mirrors a wider trend in the market towards having highly valued specialised skill sets. TiG has responded well to the enhanced demand for managed services in IT and their buy and build strategy has placed them in a strong position to fast track growth in the future.”

Tavia Sparks, Director Santander Growth Capital, said: “We are delighted to continue to support TiG and BGF in their consolidation strategy within the sector. ThirdSpace brings enhanced capability to the group inCyber Security and both businesses have traded strongly through the last year.  The group is well positioned to capitalise on the increasing demand for managed services, accelerated through the shift towards remote working.”

Notes to the editor

Established in 2001, TiG Data Intelligence is a multi-award winning managed service provider and the largest UK-based specialist provider to the financial services sector. As an accredited Microsoft Gold Partner, they are experienced in implementing cloud-based technology solutions in the areas of secure modern working, data analytics, and cloud transformation.

Since 2018, TiG has made acquisitions of carefully selected businesses backed by investment from BGF. This forms part of a long-term strategy for developing service capability, sector expertise and scale.

TiG have a relentless commitment to finding the best solution, a sense of pride in helping clients achieve their goals and a deep understanding of how technology can be used to improve business.

objectway-recognised-by-celent-among-the-leaders-in-wealth-management-solutions-in-north-america

Objectway Recognised By Celent Among The Leaders In Wealth Management Solutions In North America

 

Objectway, a leader in the Digital Wealth & Asset Management software, was mentioned as a distinguished vendor in the February report Front-to-Middle office Platforms: North American Wealth Management Edition 2021 by Celent.

The report examined the leading North American providers of Front-to-Middle Office platforms. Celent considered as fundamental characteristics of these solutions the components supporting certain key workflows, such as the provision of an exclusive client experience, and an end-to-end advisory process in an integrated workflow and single infrastructure.

In parallel with the analysis conducted by Celent, Objectway is seeing how digital client engagement and lifecycle management are among the main drivers in the wealth management industry at a global level.

Firms are looking more and more for integrated solutions that are able to make all the advisor’s activity and tasks available as a cockpit.

Bringing the client relationship to centre stage entails growing demand for augmented intelligence to deliver mass customised investment proposals, and for an opti-channel mix to collaborate and interact with digital-savvy investors.

Moreover, a hybrid, multi-cloud approach is gathering increasing acceptance by financial institutions, who are adopting business critical capabilities in the easiest way. Objectway On-Cloud already supports over 100 clients with more than one trillion Euros of assets under management.

Further to confirming the findings illustrated in the parent report of this series, dedicated to the EMEA region, in this latest research paper Celent commended Objectway for “the completeness of the solution and the dedication that the team has demonstrated to bolstering the usability of each module.”

“North American wealth managers are facing a challenging year ahead, as a result of existing trends, such as fee compression, and for unexpected accelerators towards digital solutions, like the pandemic,” affirmed Luigi Marciano, Objectway Group CEO and Founder. “The challenge for a performant and future-proof front-to-middle office system is giving firms the most effective and state-of-the-art tools to serve more clients and manage increased AuM, in less time.”

promoting-win-win-win-collaboration,-h3c-initiates-channel-kickoff-2021-in-russia

Promoting Win-Win-Win Collaboration, H3C Initiates Channel Kickoff 2021 in Russia

 

H3C, a leader in digital solutions, held the third leg of the annual H3C Channel Kickoff 2021 in Russia, under the theme of Moving your business forward. Hundreds of local partners and industry representatives joined the virtual event.

Living in an age dominated by technology, H3C takes full advantage of its digital infrastructure ability in compute, storage, networking, and security to help worldwide customers and partners drive digital transformation across diverse industries. In Russia, H3C has cooperated with nearly 100 H3C Certified Partners and Service Partners, conducted more than 100 tests, and developed over half-hundred of successful cases.

Russia is a key strategic market for us with many promising prospects. Today, Russia is in a critical period of vigorously promoting digital transformation. We look forward to bringing H3C’s profound industry insights and rich experience to Russia,” said Gary Huang, President of International Business and Senior Vice President of H3C.

“Together with its partners, H3C will work to facilitate the development and interconnection of telecom, public sector, energy, transportation and other sectors, which will help boost the construction of ‘Smart Cities’ and ‘Smart Villages’ across Russia. In the next three to five years, we will continue to commit ourselves to providing higher-level digital infrastructure, overall solutions and end-to-end services for the Russian market.”

Russia, with its vast territory and volatile climate, has more stringent performance and reliability requirements for ICT construction. “Leveraging our continuous technological breakthroughs and well-tested experience in China, H3C looks forward to empowering carriers, government, energy, transportation, finance and other sectors to accelerate digital transformation in Russia,” said Yan Kuo, Country Manager of H3C Russia.

“Since entering the Russian market in 2019, H3C has quickly established a large-scale professional local team, and reached extensive cooperation with nearly 100 well-established partners for a complete channel network. It’s glad to see that we’ve been winning a number of projects from some top-level Russian customers, marking that we rise up into the ranks of the leading ICT companies in Russia,” said Yan Kuo. “We will continue to optimize our channel strategy and strengthen relations with our partners. With the enablement of an extensive partner ecosystem, H3C will strive to unleash the full potential of intelligent digital technologies to help our partners achieve the maximum business growth.”

At the Channel Kickoff event, H3C also honored the 2020 Partners Awards to its Russian partners, in recognition of their innovative spirit and in-depth insights into the local market, which greatly promoted the digital transformation of the industry. Five of H3C’s Russia partners received the Top Sales Elite Award, Industrial Market Development Award, Solution Sales Elite Award, Top Service Sales and Delivery Award, and lastly, the Best Collaboration Award.

Upholding a “Partner First” strategy, H3C has always been striving to building an open, collaborative, and win-win-win partner ecosystem in international markets. Since the setoff in Malaysia this February, H3C Channel Kickoff 2021 has been launched in Pakistan and now “landed” in Russia. H3C will work together with overseas partners to build comprehensive digital solutions to help customers tap into the best value of digital transformation and embrace the digital future

goldpac-group-successfully-passes-the-cmmi-v2.0l5-certification-to-meet-the-highest-standards-in-the-global-software-field

Goldpac Group Successfully Passes the CMMI V2.0L5 Certification to Meet the Highest Standards in the Global Software Field

 

Recently, Goldpa Group Limied (3315.HK) successfully passed CMMI L5 certification, which represents the highest level of maturity and difficulty in the international evaluation of software development capability. This marks Goldapc has reached to a new height in the process organization ability, software R&D ability, project management ability, program delivery ability, and can provide users with more mature industry solutions and better quality and efficient service. This is also an important milestone for company in the standardization and systematization of R&D.

CMMI (Capability Maturity Model Integration), is the international authoritative standard for the industry to measure the maturity and project management level of enterprise software R&D capability, and is an important international evaluation measure of enterprise software development and delivery capacity. The CMMI 2.0 version is the latest version of the CMMI. By early December 2020, only 53 companies (including 28 Chinese companies) had passed the level 5 evaluation of CMMI 2.0 version. CMMI capability maturity model covers 21 process domains and is divided into 5 levels. The L5 is the highest level of the CMMI system, representing the company’s software ability has achieved optimal management level, that is, the company can achieve the quantitative feedback of the software development process and the continuous improvements in new ideas, new technologies.

As a reliable provider of Fintech products and services, Goldpac has always attached great importance to the systematic construction of R&D management. Since 2014, Goldpac has passed CMMI L3 level certification. In recent years, the R&D management system has been continuously improved, laying a solid foundation for rapid response to customer needs and high quality products and services providing to customers. In the future, Goldpac will continue to leverage the CMMI L5 management system to optimize the company’s software R&D and management capabilities, continue to deepen independent innovation, improve product development quality, improve internal management efficiency, enhance core competitiveness, and meet the needs of the user market with better quality products and services, to provide strong support to the company’s long-term sustainable and healthy development.

clps-incorporation-reports-financial-results-for-the-first-half-of-fiscal-year-2021

CLPS Incorporation Reports Financial Results for the First Half of Fiscal Year 2021

 

CLPS Incorporation (the “Company” or “CLPS”) (Nasdaq: CLPS), today announced its unaudited financial results for the six months ended December 31, 2020, or the first half of the Company’s fiscal year 2021.

First Half of Fiscal 2021 Highlights (all results compared to the six months ended December 31, 2019) 

  • Revenues increased by 37.0% to $58.3 million from $42.6 million.
  • Operating income increased by 213.5% to $3.9 million from $1.2 million.
  • Net income increased by 114.9% to $4.9 million from $2.3 million.
  • Net income attributable to CLPS Incorporation’s shareholders increased by 105.2% to $4.9 million from $2.4 million.
  • Basic and diluted earnings per share was $0.30 compared to $0.17 basic and diluted earnings per share.
  • Net cash provided by operating activities increased by 66.2% to $9.4 million from $5.7 million.
  • Non-GAAP net income guidance for the fiscal year 2021 was adjusted upwards to 60%-65% from 32%-37%.

Mr. Raymond Lin, Co-Founder and Chief Executive Officer of CLPS, commented, “We have taken extreme but decisive actions and showed highly resilient operational delivery while prioritizing our people and clients during the pandemic. As a professional IT services provider, we stood abreast with our clients to enable and speed up digital transformation ensuring uninterrupted business operations.”

“Our growth strategy continued to prove its value, enabling us to pivot with agility in this challenging moment. During the period, we have done well in gaining more overseas and domestic clients within our core industry scope. We maintained strong relationship with our existing clients, which resulted to a 98% client retention rate. In addition, we further advanced our mergers and acquisition efforts both domestically and overseas. Our acquisition of the remaining 20% ownership stake in Ridik enabled us to expand our footprint not only in Singapore, but also to its neighboring countries in the Southeast Asia and Asia Pacific regions. In our commitment to sustain a sufficient supply of IT talents, we launched training programs in partnership with educational institutions and non-profit organization in Hong Kong. On top of our annual internship training program, CLPS Academy, the Company’s training arm, has successfully carried out its second wave of Global Fintech Internship Program. It aims to introduce fresh talents with up-to-date knowledge and skills in global fintech industry perspective, thus meeting the talent demand from our top tier and global client base.”

“I am pleased with the solid level of stability and momentum we achieved during the first half of fiscal 2021.I would like to extend my gratitude to our staff, clients, partners, and shareholders for your continued support particularly during this challenging time. We attribute our success to you for your trust and confidence in the Company.”

Ms. Rui Yang, Chief Financial Officer of CLPS, commented, “CLPS ended the first half of fiscal year 2021 financial results on a solid note. We delivered total revenue of $58.3 million, a sustained growth of 37.0% year-over-year. Our operating income and net income increased by triple digits year-over-year by 213.5% and 114.9%, respectively, due to the positive effects of the Company’s economies of scale. Our GAAP and non-GAAP basic and diluted earnings per share were $0.30 and $0.39, respectively.  As a result of strong demand for IT services from our growing network of clients and enhanced operational efficiency, our non-GAAP net income guidance was adjusted upwards to 60%-65% from 32%-37% for the fiscal 2021. Looking forward, we remain focus and optimistic that our streamlined growth strategy will put us on a firm footing to reach our business goal for the remainder of fiscal 2021.”

First Half of Fiscal Year 2021 Financial Results

Revenues

In the first half of fiscal 2021, revenues increased by $15.7 million, or 37.0%, to $58.3 million from $42.6 million in the prior year period. This increase in revenue was mainly due to an increase in revenue from IT consulting services.

Revenues by Service

  • Revenue from IT consulting services increased by $15.5 million, or 37.2%, to $57.1 million and accounted for 97.8% of total revenue in the first half of fiscal 2021 from $41.6 million, or 97.7% of total revenue, in the same period of the previous year. The increase was primarily due to increased demand from existing and new clients. For the six months ended December 31, 2020 and 2019, 41.0% and 41.3% of IT consulting services revenue were from international banks, respectively.
  • Revenue from customized IT solution services increased by $0.4 million, or 51.1%, to $1.1 million and accounted for 1.8% of total revenue in the first half of fiscal 2021 from $0.7 million, or 1.6% of total revenue. The increase was primarily due to increased demand from existing clients in the banking and wealth management areas.
  • Revenue from other services decreased by $0.1 million, or 25.3%, to $0.2 million and accounted for 0.3% of total revenue in the first half of fiscal year 2021 from $0.3 million, or 0.6% of total revenue in the same period of the previous year. The decrease was primarily due to decreased demand for other services, including headhunting service.

Revenues by Operational Areas

  • Revenue from banking area increased by $7.1 million, or 33.1% to $28.7 million in the first half of fiscal 2021, from $21.6 million in the prior year period. Revenue from banking area accounted for 49.3% and 50.7% of total revenues in the first half of fiscal 2021 and 2020, respectively.
  • Revenue from wealth management area increased by $2.0 million, or 21.8% to $11.4 million in the first half of fiscal 2021, from $9.4 million in the prior year period. Revenue from wealth management area accounted for 19.6% and 22.0% of total revenues in the first half of fiscal 2021 and 2020, respectively.
  • Revenue from e-Commerce area increased by $2.3 million, or 42.0% to $7.7 million in the first half of fiscal 2021, from $5.4 million in the prior year period. Revenue from e-Commerce area accounted for 13.2% and 12.7% of total revenues in the first half of fiscal 2021 and 2020, respectively.
  • Revenue from automotive area increased by $1.5 million, or 72.9% to $3.5 million in the first half of fiscal 2021, from $2.0 million in the prior year period. Revenue from automotive area accounted for 6.0% and 4.7% of total revenues in the first half of fiscal 2021 and 2020, respectively.

Revenues by Geography

  • Revenue generated outside of Mainland China increased by 53.9% to $6.6 million in the first half of fiscal year 2021 from $4.3 million in the same period of the previous year. Revenue generated outside of Mainland China accounted for 11.4% of total revenue compared to 10.1% in the prior year period. The increase in revenue generated outside of Mainland China reflects the Company’s successful and continuous global expansion strategy.

Gross Profit

Gross profit increased by $3.1 million, or 20.2%, to $18.5 million in the first half of fiscal 2021 from $15.4 million in the prior year period.

Operating Expenses

Selling and marketing expenses increased by $0.4 million, or 27.7%, to $1.8 million in the first half of fiscal 2021 from $1.4 million in the prior year period due to the increase of salary expenses as new staff were hired, enabling the implementation of the Company’s global expansion strategy. As a percentage of total revenues, selling and marketing expenses decreased to 3.1% in the first half of fiscal 2021 compared to 3.3% in the prior year period. The decrease was primarily due to the increase in operational efficiency as a result of economies of scale brought about by the Company’s global expansion strategy.

Research and development expenses increased by $1.2 million, or 22.7%, to $6.2 million in the first half of fiscal 2021 from $5.0 million in the prior year period. The increase was primarily due to the increased research and development personnel related expenses which enables the Company’s continued R&D efforts in big data, cloud computing, robotic process automation (RPA) and artificial intelligence (AI). As a percentage of total revenues, research and development expenses decreased to 10.6% in the first half of fiscal 2021 compared to 11.8% in the prior year period. The decrease was primarily due to the increase in operational efficiency as a result of economies of scale.

General and administrative expenses decreased by $1.3 million, or 16.1%, to $6.6 million in the first half of fiscal 2021 from $7.9 million in the prior year period. As a percentage of total revenues, general and administrative expenses decreased to 11.4% in the first half of fiscal 2021 compared to 18.6% in the prior year period. The decrease was primarily due to the increase in operational efficiency as result of economies of scale and refined management, and decreased in general and administrative personnel expenses.

Operating Income

Operating income increased by $2.7 million, or 213.5%, to $3.9 million in the first half of fiscal 2021 from $1.2 million in the same period of the previous year. Operating margin was 6.7% in the first half of fiscal 2021 compared to 2.9% in the prior year period.

Other Income and Expenses

Total other income, net of other expenses decreased to $1.1 million in the first half of fiscal 2021 from $1.3 million in the prior year period.

Provision for Income Taxes

Provision for income taxes decreased by $0.3 million to $0.1 million in the first half of fiscal 2021 from $0.4 million in the same period of the previous year, mainly due to the accrued deferred income tax assets from accumulated losses of the Company’s subsidiaries.

Net Income and EPS

Net income increased by $2.6 million, or 114.9%, to $4.9 million in the first half of fiscal 2021 from $2.3 million in the prior year period. After excluding the impact of non-cash share-based compensation expenses, non-GAAP net income[1] increased by $3.0 million, or 91.2%, to $6.4 million in the first half of fiscal 2021 from $3.4 million in the same period of the previous year.

After excluding the impact of non-controlling interests, net income attributable to CLPS Incorporation’s shareholders in the first half of fiscal 2021 was $4.9 million, or $0.30 basic and diluted earnings per share compared to net income attributable to CLPS Incorporation’s shareholders of $2.4 million, or $0.17 basic and diluted earnings per share. After excluding the impact of non-cash share-based compensation expenses, non-GAAP net income attributable to CLPS Incorporation’s shareholders[2] in the first half of fiscal 2021 was $6.4 million, or $0.39 basic and diluted earnings per share. This is compared to non-GAAP net income attributable to CLPS Incorporation’s shareholders of $3.4 million, or $0.24 basic and diluted earnings per share, in the prior year period.

Cash Flow

As of December 31, 2020, the Company had cash and cash equivalents of $26.0 million compared to $12.7 million as of June 30, 2020.

Net cash provided by operating activities was approximately $9.4 million. Net cash provided by investing activities was approximately $0.1 million. Net cash provided by financing activities was approximately $2.4 million. The effect of exchange rate change on cash was approximately positive $1.4 million. The Company believes that its current cash position and cash flow from operations are sufficient to meet its anticipated cash needs for at least the next 12 months.

Financial Outlook

For fiscal year 2021, the Company expects, absent material acquisitions or non-recurring transactions, total sales growth in the range of approximately 30% to 35% compared to fiscal year 2020 financial results. The non-GAAP net income growth was adjusted in the range of approximately 60% to 65% from 32% to 37% as previously forecasted in the Company’s second half and full year of fiscal 2020 financial report.

This forecast reflects the Company’s current and preliminary views, which are subject to change and are subject to risks and uncertainties, including, but not limited to various risks and uncertainties facing the Company’s business and operations as identified in its public filings.

Exchange Rate

The balance sheet amounts with the exception of equity as of December 31, 2020, were translated at 6.5250 RMB to 1.00 USD compared to 6.9618 RMB to 1.00 USD as of December 31, 2019. The equity accounts were stated at their historical rate. The average translation rates applied to the income statements accounts for the periods ended December 31, 2020 and 2019 were 6.7734 RMB to 1.00 USD and 7.0297 RMB to 1.00 USD, respectively. The change in the value of the RMB relative to the U.S. dollar may affect our financial results reported in the U.S. dollar terms without giving effect to any underlying change in our business or results of operation.

wheat-protein-market-worth-$3.1-billion-by-2026-–-exclusive-report-by-marketsandmarkets

Wheat Protein Market worth $3.1 billion by 2026 – Exclusive Report by MarketsandMarkets™

 

According to the new market research report Wheat Protein Market by Product (Wheat Gluten, Wheat Protein Isolate, Textured Wheat Protein, Hydrolyzed Wheat Protein), Application (Bakery, Pet Food, Nutritional Bars, Processed Meat, Meat Analogs), Form (Dry, Liquid), and Region – Global Forecast to 2026“, published by MarketsandMarkets™, the Wheat Protein Market is projected to reach USD 3.1 billion by 2026, from USD 2.4 billion in 2021, at a CAGR of 5.0% during the forecast period. The market is driven by factors such as a shift in preference for plant-based protein foods, increased demand for meat-free diets, and growing incidence of lactose intolerance.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=67845768

Wheat gluten segment is estimated to account for the largest share of the wheat protein market during the forecast period

Based on the product, the wheat protein market has been segmented into wheat gluten, wheat protein isolate, textured wheat protein, and hydrolyzed wheat protein. The wheat gluten segment is estimated to account for the largest share of the wheat protein market in 2020. It is used in a variety of applications such as bakery products, meat products, pasta, and pet foods. In a bakery, the strength of gluten is a key factor in bread baking. It plays an important role as it contributes to the ability of the dough to rise and maintain texture.

Dry form segment is projected to be the fastest-growing during the forecast period

Dry forms are the most popular forms of wheat protein preferred by manufacturers due to their several benefits, including better stability and ease of handling & better storage conditions as compared to liquid forms.

Browse in-depth TOC on “Wheat Protein Market

268 – Tables
54 – Figures
254 – Pages

The bakery & snacks segment, by application, is estimated to accounted for the largest share of the wheat protein market during the forecast period

The bakery & snacks segment, by application, is estimated to account for the largest share of the wheat protein market in 2020. Presence of major players offering a wide variety of wheat products having applications in bakery is one of the key drivers for the bakery & snacks segment. This shift in consumer preference toward ready-to-eat products has increased the demand for bakery products. In Europe, rise in the aging population and growing health concerns have urged consumers to opt for healthier alternatives such as value-added baked goods.

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Europe is estimated to account for the largest share of the wheat protein market during the forecast period

In 2020, Europe is estimated to account for the largest share of the wheat protein market. Factors such as the growing investments by major players in the bakery industry, growing trend of vegan diets, and abundant availability of raw materials such as wheat in this region have boosted the demand for wheat protein products in the European market. Furthermore, increased demand for bakery items such as cakes, pastries, and cookies will also drive the demand for wheat protein in the region.

Key Players:

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as ADM (US), Cargill (US), Agrana (Austria), MGP Ingredients (US), Manildra Group (Australia), Roquette (France), Glico Nutrition (Japan), Crespel & Deiters (Germany), Kröner-Stärke (Germany), Tereos Syrol (France), CropEnergies (Germany), and Gluten y Almidones Industriales (Mexico), Batory Foods (US), Kerry Group (Ireland), BENEO (Germany), Agridient Inc (US), AMCO Proteins (US), Tate & Lyle (UK), and PureField Ingredients (US).

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Pea Protein Market by Type (Isolates, Concentrates, and Textured), Form (Dry and Wet), Source (Yellow split peas, Lentils, and Chickpeas), Application, and Region (North AmericaEuropeAsia PacificSouth America, and Rest of the World) – Global Forecast to 2025

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merck-kgaa,-darmstadt,-germany-moves-the-silicon-valley-innovation-hub-to-san-jose’s-intermolecular-site

Merck KGaA, Darmstadt, Germany moves the Silicon Valley Innovation Hub to San Jose’s Intermolecular site

 

Intermolecular, Inc. (“Intermolecular”), the trusted partner for materials innovation and a wholly-owned subsidiary of Merck KGaA, Darmstadt, Germany, today announced the relocation of the Silicon Valley Innovation Hub from Menlo Park to Intermolecular’s San Jose facilities, combining Merck KGaA, Darmstadt, Germany’s innovation efforts in the Bay area with Intermolecular’s services for materials and electronics, creating a unique space that empowers collaboration with startups.

The Silicon Valley Innovation Hub was established in 2017 in Menlo Park, CA. As part of the global Innovation Ecosystem of Merck KGaA, Darmstadt, Germany, it strives to identify and develop viable new businesses and technologies between the company’s existing business sectors or break new ground beyond them.

“The mission of the Silicon Valley Innovation Hub is to identify and explore untapped innovation- and business opportunities for Merck KGaA, Darmstadt, Germany. In this context, the intersection of life science and material science is becoming increasingly important and opens new areas of innovation. Having the Silicon Valley Innovation Hub and Intermolecular under one roof now will allow us and our cooperation partners to develop and test new materials for biological applications. We are very excited about these new opportunities,” states Thomas Herget, head of the Silicon Valley Innovation Hub.

Intermolecular has a unique toolset and expertise to quickly test and prove new advanced technologies and materials for semiconductor devices and electronic applications.

Having the Innovation Hub in the same building will further strengthen collaboration of the company’s businesses with startups and innovative companies in and around the Bay Area to rapidly grow their business from concept to high-volume manufacturing. The building boasts 30,000 square feet of cleanroom, chemical labs, offices, a collaboration area and event spaces.

Intermolecular’s customizable services are tailored to meet a startup’s unique needs, whether it is achieving a proof-of-principle, a first prototype, or a small series production. Intermolecular assigns experts in emerging technologies and offers its manufacturing facilities, which can run experiments 24/7to test and validate materials critical to product development. Intermolecular’s flexible methodologies and quality data help accelerate product design innovation, at any phase of a startup’s product development cycle.

“Intermolecular offers a seamless process flow that is specific and confidential to each startup, which is key to speeding time to innovation,” said Casper van Oosten, business field head and managing director for Intermolecular, Inc. “By providing startups the tools and expertise to validate their ideas, we can help them accelerate their path to new investment and speed their product introductions by giving them concrete data needed to move quickly from a research phase to full production. Having the experts from the Silicon Valley Innovation Hub now under one roof, we are looking forward to branch out into new areas and exploring collaboration opportunities that bring benefits to our customers/startups.”

“Semiconductor companies, particularly companies working on current generation and emerging memories, need to do a lot of experimentation to get the best combination of processes and materials,” said Tom Coughlin, president of Coughlin Associates. “Companies such as Intermolecular can provide efficient ways to gather and analyze the required data to make the next generations of memory possible.”

indian-shared-mobility-market-revenue-worth-$3,952.8-million-by-2025-says-p&s-intelligence

Indian Shared Mobility Market Revenue Worth $3,952.8 Million by 2025 says P&S Intelligence

 

Opting for shared mobility is way more cost-effective than buying an automobile and then maintaining it throughout its lifetime. This is why the Indian shared mobility market will witness a massive 56.8% CAGR between 2020 and 2025. At this rate, the revenue generated from the provision of such services across the country is expected to increase from $1,025.8 million in 2019 to $3,952.8 million by 2025, according to P&S Intelligence.

Key Findings of India Shared Mobility Market

  • Ride-hailing services remain ever popular
  • Urban road congestion major factor impelling people to share vehicles
  • Shared mobility services in India presently used most for occasional commuting
  • Use of shared mobility services by corporates to witness rapid rise
  • Electric and autonomous vehicles in sharing fleets could offer market players lucrative opportunities
  • Service providers focusing on raising funding for service launch and expansion

Cost-effectiveness is a key driver for the Indian shared mobility market as most people living in cities still are not too wealthy, therefore cannot afford to purchase vehicles. By sharing an automobile, people do not have to pay for the vehicle and fuel cost, regular repairs and maintenance, insurance, and parking, as all such expenses are borne by the service provider. Users only need to pay on the basis of the journey distance and time.

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Due to the COVID-19 pandemic, the Indian shared mobility market has been dealt a severe blow. Due to the lockdown and movement restrictions imposed in the country last year, offices and manufacturing plants were shut down. This led to a mass exodus of working-class people back to their hometowns, thereby reducing the demand for transportation services massively. Similarly, seeing the decrease, many of the drivers of shared vehicles also went home, so the market players in many places didn’t have enough resources to offer the services.

In the coming years, the ride-hailing category is expected to witness the fastest growth in the Indian shared mobility market, on the basis of service type. The millennials in big cities are rapidly shifting from conventional mobility options, such as buses and autorickshaws, to ride-hailing services, as these services are integrated with advanced technologies and offer the advantage of no crowding.

Browse report overview with detailed TOC on India Shared Mobility Market Research Report: By Service Type (Two-Wheeler Sharing, Ride Sharing, Ride Hailing, Car Rental, Carsharing, Bus/Shuttle Service), Vehicle Type (Two-Wheelers, Cars, Buses/Vans), Commuting Pattern (Daily Commuting, Last-Mile Connectivity, Occasional Commuting), End Use (Personal, Business), Region (East, West, North, South) – Competitive Analysis and Growth Forecast to 2025 @ https://www.psmarketresearch.com/market-analysis/india-shared-mobility-market

The cars category, under the vehicle type segment of the Indian shared mobility market, held the largest share in the past. Compared to two-wheeler sharing and bus/van shuttle services, car rental and ride-hailing services saw the earlier introduction in the country.

In the near future, the highest CAGR in the Indian shared mobility market, of 60.3%, is predicted to be seen in the daily commuting category, based on commuting pattern. The demand for shared mobility services for daily commuting is rising among young professionals and college-goers.

Personal will be the larger bifurcation in the Indian shared mobility market in the years to come, under segmentation by end use. Presently, such services are majorly used by people for visiting someone, traveling to the office or college, buying groceries, and leisure purposes, such as going to shopping malls, bars, stadia, and restaurants.

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Currently, players in the Indian shared mobility market prosper the most in the southern part of the country. All major cities in South India, including Chennai, Bengaluru, Hyderabad, and Visakhapatnam, have a strong network of service providers. The market is expected to grow the fastest in the eastern region of the country in the near future because of the rising demand for such services in Assam, West Bengal, and Odisha.

Major companies operating in the Indian shared mobility market are ANI Technologies Pvt. Ltd. (Ola), Uber Technologies Inc., Comuto SA, Meru Mobility Tech Pvt. Ltd., Zoomcar India Pvt. Ltd., Carzonrent India Pvt. Ltd., Roppen Transportation Services Pvt. Ltd., Mega Cabs Pvt. Ltd., Vogo Automotive Pvt. Ltd. (Vogo), Yulu Bikes Pvt. Ltd., and Wicked Ride Adventure Services Pvt. Ltd. (Bounce).

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India Electric Scooter and Motorcycle Market

The Indian electric scooter and motorcycle market would reach a sales volume of 1,080.5 thousand by the end of 2025, exhibiting a CAGR of 57.9%between 2020 and 2025. Due to the rising pollution and the increasing provision of financial incentives by the government, the sales of electric scooters and motorcycles are booming in India.

https://www.psmarketresearch.com/market-analysis/india-electric-scooter-and-motorcycle-market

Mobility as a Service Market

A major trend in the mobility as a service market is the adoption of electric vehicles for sharing purposes. Concerned at the high pollution levels and fossil fuel prices, the government of various nations are formulating policies and offering incentives to encourage the usage of electric vehicles in sharing fleets.