Leading Solid State LiDAR Company Surpasses $1 Billion in Valuation Attracting Top Tier Investors As It Ramps Up to Enable Mass Adoption of Life Saving Autonomous Technology

SUNNYVALE, Calif. - Wednesday, August 24th 2016 [ME NewsWire]
(BUSINESS WIRE)-- Quanergy Systems, Inc., the leading provider of solid state LiDAR sensors and smart sensing solutions, announced today that it has raised $90 million in Series B funding at a valuation well over $1 billion. Sensata Technologies (NYSE:ST), Delphi Automotive (NYSE:DLPH), Samsung Ventures, Motus Ventures and GP Capital participated in the round. This investment brings the company’s total funds raised to approximately $150 million.
Quanergy intends to use the investment and leverage its substantial intellectual property to work with its partners in ramping up the production of its solid state LiDAR sensors. These sensors use standard semiconductor manufacturing processes and have no moving parts o ... Read more »

Global Government and Business Leaders Will Sign Pledge at United Nations on Securing Global Energy for All

NEW YORK - Wednesday, August 24th 2016 [ME NewsWire]

#WEF2016

(BUSINESS WIRE)-- More than 2,000 world leaders, corporate executives and trade delegates are expected to attend the World Energy Forum 2016 in New York City from October 19-22, 2016. Heads of state, government ministers and ambassadors from more than 150 countries will join corporate leaders, associations, academics, and financiers to discuss the roles of business and government in providing universal energy access—part of the United Nation’s 2030 Agenda for Sustainable Development.

“There is nothing more critical to our future and security than access to energy. It’s the most important issue of our time and impacts all nations and all peoples,” said Dr. Harold HyunSuk Oh, Chairman of the World Energy Forum. “As the best recognized and most respect ... Read more »

XIAMEN, Fujian Province & MCLEAN, Va. - Tuesday, August 23rd 2016 [ME NewsWire]

(BUSINESS WIRE)-- Conrad Hotels & Resorts, Hilton’s (NYSE: HLT) smart luxury hotel brand, today announced the opening of Conrad Xiamen, on the southwestern coast of Xiamen Island. Owned by Shimao Group and managed by Hilton, Conrad Xiamen is the first Conrad hotel in Fujian province, the sixth in China among a portfolio that includes Conrad Hong Kong, Conrad Sanya Haitang Bay, Conrad Dalian, Conrad Macao, and Conrad Beijing, and joins the larger Hilton portfolio of over 70 hotels in China.

“Conrad Xiamen is an excellent addition to our China portfolio. It underscores our commitment to growing our presence across the top destinations of this market and our confidence in the increasing demand for luxury accommodations from a new generation of smart luxury travelers,” said Bruce McKenzie, senior vice president of operations, Greater China & Mongolia, Hilton.

Company leads industry with fastest guaranteed response commitments and award-winning support

LAS VEGAS - Tuesday, August 23rd 2016 [ME NewsWire]

(BUSINESS WIRE)-- Rimini Street, Inc., the leading global provider of independent enterprise software support services for SAP SE’s (NYSE:SAP) Business Suite, BusinessObjects and HANA Database software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail and Oracle Agile PLM software, today announced it has implemented new, even more responsive Service Level Agreements (SLAs) featuring a guaranteed 15-minute or less engineer response time for Priority 1 (P1) critical cases and 30-minute guaranteed engineer response time for Priority 2 (P2) urgent cases. The Company already led the industry when it introduced standard 30-minute guaranteed, 24/7/365 engineer response for P1 cases in 2005. This new, enhanced contractual co ... Read more »