Grandzone Trading LLC analytics predicts a 5% increase of investment capital inflow into EU realty markets over 2023 despite COVID-19 and economic decline.
Bayonne, NJ – Nearly 60% of real estate investors in Europe plan to buy more properties in 2023, reflecting improved market sentiment. Among the investors who plan on acquiring additional properties this year, 75% intend to exceed their total capital invested in 2022 by 10% minimum. However, there are some major differences between European countries even though all of them share EU regulations and policies.
French investors are the most pessimistic among the major market players, expecting a 20% decline in the general market activity. On the other hand massive decline in small business sector will flush the market with commercial real estate after massive bankruptcy filings are finally processed by the state institutions. Sudden and overwhelming supply increase will be disproportionate to the demand dropping average prices by a considerable margin. Grandzone Trading analysts expect the market prices to bounce back a bit over Q4 2023 – Q1 2024, though the persisting lockdown will affect the market normalization speed.
German market is expected to return to pre-pandemic level of investment capital inflow rather quickly. Last year investments volume was down by just 5% compared to a 17% decline in Europe as a whole. The Netherlands comes in second with France taking the third position in the investment market stability chart. It’s surprisingly good as it saw the biggest drop of activity among major European markets in 2022. The top ten also includes Sweden, GB, Norway, Switzerland, Denmark, Austria and Finland.
If vaccine distribution goes according to the WHO plan investment capital inflow is expected to increase by 5% roughly. All-time low loans rates have incentivized investors to increase their investments spending over the course of recent years. On the other hand a slight increase of interest rates is now inevitable and this will hardly be the only raise.
Definitely, a moderate growth will not jeopardize investment projections and will not make the market suddenly tank. In addition, the rise of interest rates reflects greater confidence in the customer and ongoing adaptation to the changes brought by the pandemic, so it may as well be an indirect sign of the recovering economy.
Media Contact Company Name: Grandzone Trading LLC Contact Person: Donald Connelly Email:Send Email Phone: 18552580191 Address:418 Broadway, 2nd Floor City: Bayonne State: NJ, 07002 Country: United States Website:http://estimategeneralgp.com
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George Town, Cayman Islands, 28th Jun 2023 – DEXILLA takes immense pride in unveiling the much-anticipated non-custodial order book decentralized exchange DEX that offers improvements over the prevailing system. This momentous platform sets out to redefine the landscape of cryptocurrency trading by introducing innovative Layer 2 solutions, with a specific focus on the seamless integration of zkSync and Optimism.
The introduction of DEXILLA’s non-custodial order book DEX marks a significant milestone in the evolutionary journey of decentralized exchanges. Propelled by cutting-edge technology, this platform empowers users to engage in the direct trading of digital assets from their personal wallets, effectively eliminating the necessity for intermediaries and mitigating custodial risks. By harnessing the power of zkSync and Optimism, DEXILLA aims for the expeditious processing of transactions while upholding the highest standards of security and scalability.
At the core of Dexilla’s offerings lies its exceptional FlashMap engine, renowned for its cutting-edge features and capabilities including zero slippage. This state-of-the-art engine has been meticulously engineered to handle substantial trading volumes with ease, ensuring seamless and efficient transactions. By utilizing FlashMap, users can execute their trades swiftly and confidently, even during periods of intense market activity. One of the standout features of FlashMap is its lightning-fast transaction settlement with zero slippage. Powered by advanced optimization algorithms, it ensures near-instantaneous confirmation and settlement of trades, minimizing any delays or uncertainties that could hinder trading strategies.
In addition, Dexilla offers a comprehensive suite of trading tools and analytical capabilities. With real-time market data, advanced charting features, and customizable indicators, traders can make informed decisions based on accurate insights. This empowers them to fine-tune their strategies and optimize their trading performance.
Furthermore, Dexilla’s Horizon Liquidity protocol revolutionizes the utilization of on-chain liquidity techniques, delivering a remarkable enhancement to the platform’s liquidity on Layer 2. This distinctive approach fosters heightened market efficiency, enables superior price discovery, minimizes slippage, and guarantees traders access to optimal trading opportunities.
Stability stands as a paramount advantage within Dexilla’s Layer 2 solution. The platform, in its essence, heralds an era of steadfast trading, free from any disruptive crashes, while proudly presenting an extraordinary reduction in gas fees, surpassing its competitors by a substantial margin. This commendable feat effectively diminishes transaction costs to a significant degree, ensuring an economical approach within this emerging epoch of decentralized finance (DeFi). Dexilla seamlessly introduces affordability as an indispensable attribute, effectively shaping the landscape of this newfound DeFi era.
Dexilla is a next-gen trading platform with a Layer 2 solution. It prioritizes decentralization and transparency, eliminating problems with on-chain order book trading. Dexilla operates fully on-chain, ensuring transparency and revolutionizing digital asset trading in the DeFi era, with support from Layer 2 chains like zkSync and Optimism.
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GroBrush, a leading company in the field of hair care technology. Recently, GroBrush is pleased to announce the launch of their groundbreaking product that harnesses the power of low-level light therapy (LLLT) to stimulate hair growth.
To address the latest innovation, GroBrush launches innovative hair growth devices utilizing advanced low-level light therapy. Building upon decades of scientific research and advancements, GroBrush develop an innovative device that utilizes high-power light-emitting diode (LED) bulbs to deliver therapeutic light wavelengths, promoting natural hair regrowth.
GroBrush leverages these scientific breakthroughs to create a cutting-edge hair growth device that offers an effective and non-invasive solution for individuals experiencing hair loss. The red light brush utilizes high-power LED bulbs to emit therapeutic light wavelengths directly onto the scalp. These specific wavelengths penetrate the skin and stimulate cellular activity within the hair follicles, promoting hair regrowth and improving overall health. The treatment is painless, safe, and suitable for both men and women.
In addition, the GroBrush device is convenient and easy to use. The company allows users to experience the benefits of LLLT in the comfort of their own homes. This accessibility empowers individuals to take control of their hair care journey and integrate the treatment seamlessly into their daily routines.
Including more, the GroBrush team has prioritized user experience and ergonomics, ensuring that the device is user-friendly and comfortable to handle. Its sleek and portable design enables users to carry it with ease, making it an ideal companion for those with busy lifestyles.
Furthermore, GroBrush aims to revolutionize the hair care industry by offering a practical, scientifically-backed solution for hair loss. With their new device, they provide an innovative approach that combines the latest LLLT technology with the convenience and affordability that consumers desire.
About GroBrush:
GroBrush is a leading company specializing in hair care technology. By leveraging scientific advancements and innovative solutions, GoBrush aims to provide effective and accessible hair care products for individuals seeking solutions for hair loss and overall hair health.
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Strategic Growth Advisor Brent Weidemann shares process designed to provide companies plan, execute, and monitor their next stage of growth
Whitefish, Montana, United States, 28th Jun 2023 – Strategic Growth Advisor Brent Weidemann helps businesses map a path to sustainable growth and find clarity on the essential steps that can make all the difference, so businesses can scale intentionally. Through a process born from experience and designed to provide companies with the exact blueprint they need to plan, execute, and monitor their next stage of growth.
Strategic Growth Advisor Brent Weidemann helps organizations find the right direction for their future. With their extensive experience and proven expertise, Brent Weidemann guides organizations towards success, ensuring they execute the right plan for optimal results.
As CEO of several content creation organizations, Weidemann has spearheaded the writing, production, and publishing processes for over 18 book projects, this impressive portfolio has resulted in the sale of over half a million books and generated revenue exceeding $10 million dollars. Weidemann’s vast knowledge extends beyond the publishing realm. He collaborates with influencers, brands, speakers, authors, and companies to capitalize on their social media following, boost revenue, and establish long-term sustainability.
“Our Strategic Growth Advisor Services is dedicated to helping organizations answer critical questions and gain laser focus on the key drivers of future growth, ensuring a strong return on investment in revenue, influence, income, and overall expansion,” Weidemann explains. “Through our strategic approach, we uncover the precise actions needed to monetize your mission and accelerate your growth.”
Weidemann’s methodology encompasses the following core steps:
Define Vision: Strategic Growth Advisor Brent Weidemann works closely with organizations to clarify and articulate their organization’s vision, aligning it with their growth objectives.
Reverse Engineer a Path to Goals: Their team develops a customized roadmap that breaks down organization’s goals into actionable steps, ensuring a clear path to success.
Grow Revenue: With a keen understanding of effective revenue generation strategies, they implement proven techniques to maximize their client’s organization’s financial growth.
Achieve Sustainability: They focus on creating long-term sustainability by implementing scalable solutions that position the client’s organization for ongoing success.
About Brent Weidemann:
Brent Weidemann is a highly respected Strategic Growth Advisor and the co-founder of Truth Becomes Her, as well as the CEO of Bible Belles. With a wealth of experience in managing writing, production, and publishing processes. He specializes in assisting influencers, brands, speakers, authors, and companies to monetize their social media following, scale revenue, and establish long-term sustainability. Weidemann’s passion lies in helping organizations develop and execute strategic plans that drive growth and deliver exceptional results.
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JAKARTA, INDONESIA – In June 2023, Badan Pengawasan Perdagangan Berjangka dan Komoditi (Bappebti) or Indonesian Commodity Futures Trading Regulatory Agency introduced new regulations pertaining to cryptocurrency trading in Indonesia. These regulations establish a revised list of legally recognized cryptocurrencies that can be traded within the country.
The updated Bappebti Regulation (PerBa) No. 4 of 2023, titled “Designation of Cryptocurrency Assets Traded in the Cryptocurrency Physical Asset Market,” now encompasses a total of 501 cryptocurrencies. This regulation serves as an amendment to PerBa No. 11 of 2022, which previously recognized 383 foreign and domestic coins or tokens as legitimate cryptocurrencies.
Among the approved cryptocurrencies, the locally developed token known as $CREO has successfully secured the 496th position, meeting the stringent criteria set by Bappebti in 2023.
The $CREO Token by Creo Engine
Powering the local token $CREO is Creo Engine, a Web3-based gaming platform provider led by CEO Javier Tan and CTO Darrel Wijaya. Both Tan and Wijaya are the visionary founders of the Creo Engine project.
$CREO underwent a thorough audit conducted by Certik, a leading platform specializing in analyzing and monitoring blockchain and DeFi (Decentralized Finance) projects, in January 2022. Following this, $CREO conducted a successful Initial DEX Offering (IDO) between March and April 2022, and subsequently secured official listings on the MEXC and Pancake Swap trading platforms in May 2022.
With a total supply of 1 billion tokens, $CREO has allocated 20% for Play-to-Earn community rewards, 14% for game development, 10% for liquidity, 10% for staking rewards, and the remaining portion for advisory, ecosystem funds, marketing, partnerships, and other purposes.
Creo Engine remains dedicated to advancing its Web3-based gaming platform called CreoPlay and exploring various opportunities within the gaming industry, NFTs, creative collaborations, and more. These efforts aim to bolster the performance of $CREO while fostering economic growth for both cryptocurrency traders and the gaming industry, ultimately contributing to the robust development of the digital economy in Indonesia.
Supporting the Strengthening of the Digital Economy
As reported on the official website of the Ministry of Communication and Information Technology, Indonesia is committed to supporting cryptocurrency trading as a means to fortify the digital economy. The government has designed a comprehensive strategy that strikes a balance between fostering innovation for entrepreneurs and ensuring legal protection and transaction security for the public.
Particularly on the designation of legal cryptocurrencies, Bappebti has adopted a positive list approach, effectively mitigating risks associated with the trading of cryptocurrencies lacking clear white papers or with illicit purposes such as money laundering.
With $CREO joining the ranks of approximately 15 registered local coins recognized by Bappebti, Creo Engine is poised to pursue its mission of propelling the Web3-based gaming industry. This accomplishment presents new avenues for economic growth for cryptocurrency traders and the gaming sector, while fully supporting the advancement of the digital economy in Indonesia.
Media Contact Company Name: Creo Engine Contact Person: Javier Tan Email:Send Email Phone: +62 811-6178-782 Country: Indonesia Website:https://www.creoengine.com
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Israel, 27th Jun 2023 – Kaspa, a pioneering proof-of-work network, announces a historic milestone: achieving 10 Blocks Per Second (BPS) on its testnet, establishing a new benchmark in cryptocurrency.
Kaspa launched Testnet 11, its public experimental network, to achieve this unprecedented block rate. This landmark provides an exciting opportunity for future innovation, inviting developers, crypto-enthusiasts, and innovative minds worldwide to stress-test various approaches and ideas.
“A 10 blocks/sec system is highly sensitive to minor errors or even suboptimal engineering; it requires a deep understanding of p2p consensus modules interplay and top-notch execution capabilities. I hope more devs will join the project, if anything, merely to enjoy the beauty manufactured,” says Yonatan Sompolinsky, Kaspa Founder and co-author of the GHOSTDAG protocol.
Testnet 11 has carried thousands of transactions per second across multiple network nodes on everyday hardware, demonstrating that a proof-of-work protocol can scale without compromising decentralization or security. This pioneering triumph promises significant advancements for anyone eager to explore and expand the boundaries of cryptocurrency possibilities.
Michael Sutton, a distributed systems researcher & Kaspa core developer, reflected on the achievement: “With the advent of GHOSTDAG as a scalable consensus protocol, we have reached a pivotal point where performance becomes paramount. Scaling a cryptocurrency is no longer constrained by the protocol; it now hinges on computation limits. Moreover, the powerful combination of widespread multi-core computers and the inherent parallelism opportunities of DAGs has allowed us to push the boundaries to their limits. This convergence of consensus and high-performance computing (HPC) unlocks untapped potential, propelling us towards new horizons of research and innovation.”
GHOSTDAG co-author Shai Deshe, Kaspa quantum & cryptography researcher, added: “This is the first time a permissionless, public, proof-of-work network has demonstrated four-digit transaction rates directly on the consensus layer while running on affordable hardware. Some of the participants reported running on nine-year-old laptops! We are on track to prove that proof-of-work can actually scale just as well as proof-of-stake, but without the sacrifices to centralization and security. 3000 TPS was unexpectedly easy, pushing the limits, we might find that we can even outperform VISA.”
Kaspa’s achievement is a significant step towards realizing Satoshi Nakamoto’s vision for an efficient, secure, and widely adopted cryptocurrency. With blockDAG technology demonstrating its potential to manage high transaction volumes, Kaspa is not just pushing the boundaries of current capabilities but also paving the way for future innovations. This transformative moment marks a new era in the world of digital currencies, offering broader adoption and unprecedented application opportunities.
Kaspa is an instant confirmation transaction Layer-1 built on proof-of-work. With the GHOSTDAG protocol, Kaspa circumvents the traditional security-scalability-decentralization tradeoff, enabling high block rates and maintaining top security.
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Unleash your creativity in GTA with FiveM Store’s extensive range of mods, scripts, and vehicles, backed by unparalleled support and a passion for excellence.
Henderson, KY, United States, 27th Jun 2023 – Introducing FiveM Store, an esteemed supplier of FiveM gaming products since 2018. It has effortlessly cemented its position as the prime choice among avid GTA enthusiasts yearning to amplify their gaming encounters. Upholding an unwavering dedication to customer contentment, FiveM Store stands tall, presenting an extensive assortment of products that cater to every aspect of the FiveM realm. This makes it the ultimate haven, serving as the definitive destination for all FiveM necessities.
Since its inception, FiveM Store has remained dedicated to empowering GTA fans with the freedom to create unique gaming experiences. Recognizing the limitless possibilities within the open world of GTA, FiveM Store strives to provide the necessary tools and resources for players to explore and fully enjoy everything this virtual universe has to offer.
FiveM Store has expanded its team and fostered a vibrant modding community through the years. With a mission to deliver the best to its customers, the company has completed numerous projects, always guided by a commitment to excellence. Understanding that creativity knows no bounds, FiveM Store continuously endeavors to provide users with the means to explore endless possibilities.
FiveM Store offers an extensive range of products to cater to every need. The marketplace has everything if players require cars, maps, weapons, or pre-configured servers. The days of monotonous adversary modes are long gone as FiveM Store empowers players to create the most inventive and enjoyable game modes for themselves and their fellow players. In the realm of the FiveM Store, the only limitation is one’s imagination.
But the offerings continue beyond there. FiveM Store is continuously developing new and exciting products to broaden gaming horizons. From FiveM scripts to comprehensive frameworks like ESX, QBUS, and VRP, the company aims to push the boundaries of what is possible in GTA modding, ensuring players always have something new and enjoyable to explore.
Mahdi Pourzaferani, the proud CEO of FiveM Store, shared, “Our mission has always been to empower the creativity of GTA fans. In our hearts, we truly understand that gaming goes beyond mere triumphs. It’s all about weaving together moments that are forever etched in your memory. That’s why we pour our energy into offering diverse tools, be it scripts or servers, empowering players to fashion their extraordinary realms and gift their fellow gamers a captivating roleplay journey. Our unwavering dedication lies in crafting fresh and exhilarating resources, ensuring you’re constantly embraced by thrilling new adventures, waiting to be explored and relished”.
At FiveM Store, meticulous attention is given to ensuring top-notch performance alongside product variety. The dedicated team works tirelessly to optimize and streamline every line of code, resulting in a seamless and enjoyable gaming experience for players. Quality remains a top priority, and FiveM Store is committed to its offerings’ constant improvement and perfection.
What distinguishes FiveM Store from others is its extensive array of products and its relentless commitment to ensuring customer contentment. The astute support team stands poised, ever ready to lend a helping hand in addressing any queries or concerns that might emerge. Recognizing the significance of a fulfilling gaming experience, FiveM Store strives to surpass customer expectations.
One of FiveM Store’s satisfied customers, Sean Walsh from London, shared, “I’m delighted with the service provided by FiveM Store – my order was automatically delivered, and the meticulous attention and care they put into their products truly stand out. Furthermore, their support is exceptional!”
“I’m thrilled with the amazing FiveM scripts. Most importantly, the delivery time is automatic! I’m elated to have found FiveM Store and have already recommended it to my friends. Thank you.” Said Astrid Sorensen, another pleased customer from Oslo, Norway.
FiveM Store has earned widespread acclaim, capturing the attention of esteemed media outlets like TODAY, CBS EVENING NEWS, THE NEW YORK TIMES, GOOD MORNING AMERICA, WALL STREET JOURNAL, VOGUE, and FORBES. Their remarkable assortment of over 1000 glowing 5-star reviews is a testament to their sterling reputation in the industry.
As an affiliated partner of Rockstar Games, FiveM Store offers an extensive range of mods, scripts, vehicles, maps, and more for FiveM roleplay servers. Their international support ensures that server owners worldwide can benefit from high-quality products at competitive prices. Prioritizing performance, FiveM Store provides optimized and customizable code, while their dedicated customer support team remains available 24/7 to assist users.
“As the proprietor of FiveM Store, I swell with pride when I think of our unwavering team and the exceptional caliber of what we offer. We invest our hearts and souls into meticulously testing and optimizing every script, map, and vehicle in our collection, guaranteeing unrivaled performance. Our ultimate objective revolves around crafting a seamlessly delightful user experience, fostering a realm where server owners and scripters discover inspiration, monetize their creations, and uplift their FiveM communities. We firmly believe in the strength of collaboration, perpetually exhilarated to embrace fresh talent into our fold. Together, we are shaping the future of FiveM gaming.” said Mahdi Pourzaferani, owner of FiveM Store.
Experience the best that GTA has to offer with the FiveM Store. Join the vibrant community today and unlock a world of endless possibilities.
About FiveM Store:
FiveM Store is a thriving marketplace catering to the diverse needs of FiveM servers and communities. Within its virtual aisles lies a vast assortment of mods, scripts, vehicles, maps, and other enthralling offerings. As an esteemed affiliate of Rockstar Games, FiveM Store places customer contentment at the forefront, ensuring the delivery of top-tier products that elevate the GTA gaming experience to new heights. With an expansive selection that leaves no desire for unfulfilled and impeccable performance and exceptional customer support, FiveM Store emerges as the ultimate go-to destination for all things FiveM.
About Mahdi Pourzaferani (founder of FiveM Store LLC)
Mahdi Pourzaferani is a businessman, computer programmer, game designer, and network expert based in the United Kingdom. He is widely recognized for developing several groundbreaking blockchain solutions. Since he has developed and deployed blockchain-based solutions to complex client problems, he is widely regarded as one of the industry’s top blockchain experts and developers. He recently established the company FIVEM & FIVEM STORE LLC, which hosts a vibrant online gaming community and sells servers, ESX scripts, and custom scanning software. Pourzaferani is widely regarded as an early adopter of blockchain technology due to his extensive background in the field. Pourzaferani began his freelancing career in 2008, and by 2022, he had amassed a large and varied clientele in countries as far-flung as Morocco, India, the United States, Germany, the Netherlands, Canada, and more. Throughout his career, He has stints at OpTic Gaming, EA Sports, and RockStar. Many media outlets have highlighted Pourzaferani as a leading expert in the field of computer programming and security/infiltration; he has been profiled in the International Business Times, Mid Day, Chillout Radio, the Daily Scanner, and EIN News.
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Nova MSC Berhad added Dato’ Adriana Law and Nazerollnizam Kasim to its Board, reinforcing its transformation plan focusing on Healthcare, E-Government, Artificial Intelligence (“AI”) and Robotics.
Kuala Lumpur, Malaysia, 27th Jun 2023 – Nova MSC Berhad (“NovaMSC” or “the Group”), a leading provider of software development and engineering solutions, is pleased to announce the appointment of Dato’ Adriana Law and Nazerollnizam Kasim as members of its Board of Directors.
NovaMSC’s Executive Chairman, Mr Sunny Loh , warmly welcomed the new directors and said, “We are delighted to have Dato’ Adriana Law and Nazerollnizam Kasim joining our Board. Their diverse experience and innovative thinking will be crucial as we implement our strategy to drive growth across our four business units. We are confident that they will substantially contribute to our Group’s transformation journey.”
Dato’ Adriana Law brings two decades of experience in event and exhibition management to the Board. She has held several senior leadership positions, including CEO roles at two Star Media Group companies. Her portfolio includes successfully managing and promoting the iOi Grand Exhibition & Convention Centre. Her expertise will be valuable as the Group aims to expand its outreach and engagement activities.
Meanwhile, Nazerollnizam Kasim, currently a General Manager at Nova MSC Berhad, has been a leading figure in the IT industry for the past 30 years. His experience encompasses diverse areas, from enterprise business applications to digital transformation and technology solutions that enhance operations across various industries. Mr. Kasim’s proven track record in leadership, management, and business application solutions will be instrumental in Nova MSC’s transformative journey.
Their appointment comes as part of Nova MSC’s strategic transformation and turnaround plan that focus on four of its key business units: Healthcare, E-Government, Artificial Intelligence and Robotics.
According to Mr Loh, as the world recover from the negative effect of the COVID-19 situtation, it is important for the Group to refocus on its core competencies and embrace new trends and innovation.
As part of the transformation plan, the Group is undertaking a thorough analysis of its operational structure and processes to identify areas of cost rationalization and efficiency improvement. The Group aims to streamline operations, eliminate redundancies, and leverage technological advancements to achieve significant cost savings without compromising quality or customer satisfaction.
In addition to cost rationalization and efficiency improvement, the Group is intensifying its efforts to drive sales and expand market outreach. The recent signing of a memorandum of understanding with Theta Edge Berhad is an example of our effort to continuously look for opportunities to market and promote our healthcare, E- Government and applied AI solutions in the regions.
The transformation plan also encompasses the adoption of innovative technologies. Our investment in AI and other technological advancements have begun to show remarkable results, bolstering the Group’s competitive edge and positioning it as a leader in the industry. Combining cutting-edge hardware and software, Dex-lab Pte Ltd, a subsidiary of the Group, developed a human-looking social robot called DEXIE for the eldercare industry in Singnapore. To-date, it has been successfully sold in several nursing homes in Singapore to deliver positive interaction and engagement to the seniors through humanoid-facilitated therapeutic and activity programs, particularly for seniors with dementia. Furthermore, the incorporation of DEXIE has shown to streamline processes, leading to increased productivity and efficiency for the nursing homes.
“We are excited to witness the initial positive outcomes from the deployment of DEXIE.” said Mr Loh. “The integration of these advanced technologies has not only improved our customer engagement and service but has also enhanced our competitive edge and positioned us for sustained growth. We are proud to have taken this bold step towards innovation, and we believe that it sets us apart from our competitors.”
Meanwhile, EyRIS’ AI-driven SELENA+, a deep learning system that enables early detection of eye diseases such as diabetic retinopathy, glaucoma suspect and age-related macular degeneration, is taking big strides. Eyris will be partnering Optometrist Warehouse, part of Chemist Warehouse Group based in Australia, on a ground-breaking study to focus on the effectiveness of using AI in screening diabetic retinopathy in Australia.
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Issued by: Aegis Communication on behalf of Nova MSC Berhad
Established in 2002, Nova MSC Bhd is a Bursa Malaysia ACE Market-listed company, which is involved in four main business pillars namely, healthcare, Digital Government, building automation and virtual construction. We are a leading provider of ready-to-deploy, industry-focused application software and services for both the public and healthcare sectors, with an international track-record. Our products are developed based on our technical knowledge and in-depth understanding of industry demands and the clients’ requirements, thereby bringing improved productivity to our customers.
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ARB IOT Group and Potboy Group have partnered to launch Malaysia’s first-ever ‘Pick-N-Go’ machines, bringing 100% manless, AI-backed transactions to 18 MRT stations.
Kuala Lumpur, Malaysia, 27th Jun 2023 – ARB IOT Group Ltd (“ARB IOT” or “Group”), a Nasdaq-listed company and a player in the Internet of Things (IoT) and AI-based technologies, has announced an unprecedented partnership with Potboy Group, Malaysia’s rapidly growing retail operator to launch Malaysia’s first ‘Pick-N-Go’ machines across selected MRT stations, a move that ushers in the future of retail shopping and technological integration in the country.
ARB IOT Group anticipates revenues of approximately RM30 million in FY2024 and an estimated RM200 million for the next three years. In addition, the partnership will generate recurring maintenance revenue for ARB IOT, which could drive long-term sustainable recurring revenue for the Group.
YB Chang Lih Kang , Minister of Science Technology & Innovation Malaysia stated, “The convergence of technology and convenience is transforming how we live, work, and interact. Today’s launching marks a significant milestone in revolutionising the retail industry through advanced IoT and AI technology.
This initiative aligns seamlessly with our digital literacy goals, reducing the digital divide and promoting economic growth through technology. We commend ARB IOT Group and all parties involved for their commitment to innovation and digital transformation. We are proud to witness local enterprises harnessing the power of IoT, demonstrating the capabilities of our nation’s industry.”
ARB IOT Group Ltd’s CEO Dato’ Sri Larry Liew Kok Leong , said: “The Pick-N-Go machines will provide consumers with a seamless and efficient shopping experience, demonstrating the immense potential of automation in everyday life. With a simple scan, customers can retrieve products, and upon closing the door, payment is automatically deducted. This groundbreaking system enables the machine to track the selected items accurately.”
The initiative will roll out in two phases. The first phase aims to establish approximately 100 units across 18 MRT stations. The target for the subsequent phase is to have 200 machines across 50 locations by the end of this year.
Potboy Group will assume the role of machine ownership and operator, with ARB IOT Group providing the Pick-N-Go technologies solutions. Potboy Group will provide 100% manless transactions, embodying the next wave of retail trends. This revolutionary Pick-N-Go technology guarantees customers efficient, convenient, and safe shopping experiences.
“Leverage on our Nasdaq-listed entity’s technology is at the forefront of IoT and AI innovation. Our technology’s manless transactions and operational ease are game-changers in the retail industry. We are thrilled to see our solutions substantially benefit Potboy Group and its customers,” Dato’ Sri Larry added.
Eddie Chew, CEO of Potboy Group, said, “The adaptation of Pick-N-Go technology has not merely transformed the manless kiosks of Potboy Group at MRT stations (PotboyGO) into a high-speed self-service kiosk, but the AI-backing technology is sophisticated enough to ease our operation planning and significantly reduce operating costs. Furthermore, FMCG Principals can leverage this technology to market their products to their desired consumers better.”
“We are looking forward to bringing this convenience to all MRT stations and other high-traffic infrastructures such as airports, bus depots, universities, and hospitals. We aim to achieve approximately RM1.0 billion in sales via deploying these technologies.” Chew added.
Moving forward, ARB IOT Group and Potboy Group will collaborate seamlessly to introduce more innovative shopping experiences to Malaysian and capitalise on the increasing global trend towards automated vending and shopping solutions.
***
Issued by: Aegis Communication on behalf of ARB IoT Group Ltd.
ARB IOT Group Limited is listed company on Nasdaq Stock Exchange, a player in IoT and AI-based technologies, dedicated to making operations more efficient, safe, and customer-centric. With its machine learning technology solutions, ARB IOT Group is driving the future of AI-Powered Applications across all industries.
About Potboy Group
Established in 2016, Potboy Mart is Malaysia’s rapidly growing retail operator, hosting more than 1,000 FMCG brands and 30,000 consumer products on both its Online shop and Offline shop, Potboy Mart. Potboy Mart is committed to providing an efficient, user-friendly shopping experience to meet the diverse needs of customers. Just in a span of 2 years, Potboy Mart are now available with more than 80 outlets across Klang Valley, mainly located in highly populated neighbourhood.
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