Int’l community helping flood affected people of Pakistan: Miftah

Minister for Finance Miftah Ismail says the international community is helping the flood affected people of Pakistan.Talking to a private TV channel, he expressed the hope that International Monitory Fund might provide some relief to Pakistan in the wa…

Minister for Finance Miftah Ismail says the international community is helping the flood affected people of Pakistan.

Talking to a private TV channel, he expressed the hope that International Monitory Fund might provide some relief to Pakistan in the wake of floods.

He said that it is imperative for us to fulfil the agreements made with the IMF.

Miftah Ismail said the businessmen of the United Arab Emirates, Qatar, Saudi Arabia and China are showing interest in investing in Pakistan.

Commenting on the rising prices of vegetables and petroleum products, he said the government is importing vegetables, particularly onion and tomatoes from Afghanistan.

He said that no additional duty would be imposed on the import of vegetables.

The Finance Minister said that the government is making all-out efforts to help address the issues of flood victims.

Source: Radio Pakistan

PM lauds British counterpart’s remarks of solidarity with flood victims in Pakistan

Prime Minister Shehbaz Sharif has gratefully acknowledged British Prime Minister Boris Johnson’s message of sympathy and support for the flood affectees in Pakistan.In a tweet on Wednesday, he said Pakistan is ground zero for climate-induced catastroph…

Prime Minister Shehbaz Sharif has gratefully acknowledged British Prime Minister Boris Johnson's message of sympathy and support for the flood affectees in Pakistan.

In a tweet on Wednesday, he said Pakistan is ground zero for climate-induced catastrophe and we look forward to our friends to step up to the plate and help the suffering humanity.

Source: Radio Pakistan

President seeks nation’s support in providing speedy relief to flood-victims

President has appealed to the nation and international community to generously help the government for speedy relief to the flood-affected people.During his visit to Nowshera district of Khyber Pakhtunkhwa on Wednesday, the president also asked the pro…

President has appealed to the nation and international community to generously help the government for speedy relief to the flood-affected people.

During his visit to Nowshera district of Khyber Pakhtunkhwa on Wednesday, the president also asked the provincial government to accelerate the process of rehabilitation of flood victims and reconstruction of houses.

He commended the role of armed forces, civilian institutions and welfare organizations for providing relief to the flood hit people.

District administration briefed the President about the flood situation on Mardan bridge and said Khyber Pakhtunkhwa government has doubled the aid amount for the flood victims.

Source: Radio Pakistan

Biomedical industry bears fruit again in National Nanning Economic & Technological Development Area

NANNING, China, Aug. 30, 2022 /Xinhua-AsiaNet/– Recently, the lung CT image-aided diagnosis software developed by Guangxi  Yizhun Intelligent Technology Co., Ltd. (“Yizhun”) in National Nanning Economic  & Technological Development Area (“Area”) has been granted the registration certificate of class III medical devices (GXZZ20223210687). Nanning’s investment promotion departments at all levels aim at creating biomedical industry […]

NANNING, China, Aug. 30, 2022 /Xinhua-AsiaNet/– Recently, the lung CT image-aided diagnosis software developed by Guangxi  Yizhun Intelligent Technology Co., Ltd. (“Yizhun”) in National Nanning Economic  & Technological Development Area (“Area”) has been granted the registration certificate of class III medical devices (GXZZ20223210687).

Production workshop of Nanning Neptunus Health Industrial Park

Nanning’s investment promotion departments at all levels aim at creating biomedical industry clusters through high starting point planning and attraction of targeted investments, according to National Nanning Economic & Technological Development Area Management Committee. In the Area, the biomedical industry, involving the fields of production, inspection & testing, sales and distribution, continually expands in industrial scale and gradually improves in industrial chain. The approved “lung CT image-aided diagnosis software” is the first software in Guangxi province and the country’s eighth one with the registration certificate of class III AI medical devices and software, and the sixth in Guangxi province and the second in Nanning city to have received the certificate. This is another achievement of the city’s continuous optimization of services for moved-in enterprises and solid efforts in building up the biopharmaceutical industry.

In terms of precise investments, the Area has compiled a panorama of biopharmaceutical industry chain, positively brought in investments in the industry chain and industry clusters and introduced a batch of key projects such as Hainan Huluwa Pharmaceutical, Guangdong Yili Pharmaceutical, Yida Xiansheng, Sinopharm Group and Guangxi LiuYao Group, forming an industrial development pattern with biopharmaceuticals, traditional Chinese medicine, health care products, medical devices and modern pharmaceutical logistics as main fields. According to information, the Area is the major ground to develop the biopharmaceutical industry in the city, and there are currently 625 biopharmaceutical enterprises in the Area.

Source: National Nanning Economic & Technological Development Area Management Committee

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Meco Limited announces the launch of world first advanced solar-electric cryptocurrency mining rigs for enhanced performance.

LONDON, Aug. 30, 2022 (GLOBE NEWSWIRE) — Meco Limited (Mecobit) unveiled the much-anticipated Ultimate Solar Power System (a solar power system with amazing backups and cryptocurrency miners) at an elite launch event at the Hong Kong Technology Bureau in August 2020.Compact Solar Station Solar Panel Kit (Complete) Solar Array M4000 Highlights one of the most […]

LONDON, Aug. 30, 2022 (GLOBE NEWSWIRE) — Meco Limited (Mecobit) unveiled the much-anticipated Ultimate Solar Power System (a solar power system with amazing backups and cryptocurrency miners) at an elite launch event at the Hong Kong Technology Bureau in August 2020.Compact Solar Station Solar Panel Kit (Complete) Solar Array M4000 Highlights one of the most memorable solar powered crypto equipment in the world. Essential equipment that helps keep running or affects equipment such as appliances, dryers, pool siphons or electric car chargers, or even cryptocurrency mining equipment. We are looking for a boost from the global problems of fossil fuel by-products, high levels of electricity consumption. “It improves the way we approach imagination and planning. Moreover, make this progress reasonable for the customer,” said B. FRANCI, CEO of MECO LIMITED.

With the solar-focused part of the controlled hash rate seemingly easy to develop, many see the potential for sustainable electricity use in Bitcoin mining as a cycle of justice – Mecobit provides an extreme boost to cryptocurrency mining by enabling the mission to use sustainable electricity. The cheapest electricity imaginable will encourage more tasks to focus exclusively on environmentally friendly sources such as solar energy.

Key features of our miners:

⦁ Meco Rack:

Capacity: BTC-4850 TH/s, ETH/ETC-20000 MH/s

Calculation: SHA256, Ethash

8 x Nvidia RTX 3090 (includes warranty)

2 x Mining Frame/Shelf

3 x 930W 110-220V fully modular power supplies.

⦁ M100 miner:

Hash Rate: BTC 450TH/s, ETH/ETC 2000MH/s

Power: 1400 watts

Calculation: SHA256, Ethash

Connection: Ethernet/Wireless

⦁ M200 miner

Hash Rate: BTC 650 TH/s, ETH/ETC 2300 MH/s

Power: 1800 watts

Calculation: SHA256, Ethash

Connection: Ethernet/Wireless

About Mecobit

It was launched in 2015 with the determination to create and demonstrate to the world a solar-powered digital currency mine, and depending on the miner’s inclination, Ethash, SHA-256 or Scrypt innovations can be used. The organization says it is the absolute first solar-powered digital currency mining project on Earth. “We need to disrupt the solar charger business by providing more power at a more reasonable value than was recently thought to be the case.” – B. Franci (founder). Based on Chiswick High Road in London, UK, Mecobit has locations in various urban communities around the world, including the US. Additional information about the organization and its projects is available on the organization’s website www.mecobit.com

Contact: Ben Lukas, ben.lukas@mecobit.com, 852-3001 1453

MACCO Restructuring Group Leads Successful Efforts to Captain and Transit Semi-Submersible Oil Drilling Rig Across Gulf of Mexico

MACCO Managing Director David Weinhoffer Acts As Chief Restructuring Officer in Bankruptcy Proceedings for In re: LaForta – Gestão e Investimentos, Sociedade Unipessoal, Lda HOUSTON, Aug. 30, 2022 (GLOBE NEWSWIRE) — MACCO Restructuring Group, a national, middle-market-focused interim leadership and financial advisory firm, recently announced that MACCO Managing Director David Weinhoffer, serving as Chief Restructuring […]

MACCO Managing Director David Weinhoffer Acts As Chief Restructuring Officer in Bankruptcy Proceedings for In re: LaForta – Gestão e Investimentos, Sociedade Unipessoal, Lda

HOUSTON, Aug. 30, 2022 (GLOBE NEWSWIRE) — MACCO Restructuring Group, a national, middle-market-focused interim leadership and financial advisory firm, recently announced that MACCO Managing Director David Weinhoffer, serving as Chief Restructuring Officer for LaForta – Gestão e Investimentos, Sociedade Unipessoal, Lda., successfully assumed control of and transited La Muralla IV, a sixth generation, semi-submersible oil drilling rig. La Muralla IV is the primary asset of LaForta, which filed a voluntary petition under chapter 11 in the United States Bankruptcy Court for the Southern District of Texas, Houston Division on June 16, 2022. Under Weinhoffer’s leadership, the massive drilling rig, capable of operating in 10,000 ft of water and drilling to a 35,000 ft depth, has been successfully towed across the Gulf of Mexico from Tampico, Mexico to Freeport, Grand Bahamas.

MACCO, which has extensive restructuring experience in energy, including both onshore and offshore oil and gas exploration and production, was able to ensure the safe transit of the drilling rig. Weinhoffer led the complex international efforts to assume control of the rig and assure its safety and that of its crew despite numerous operational and regulatory challenges. His deep knowledge of seafaring, marine operations, business restructuring and bankruptcy were central to the successful transit.

La Muralla IV is being readied for a marketing and sale process expected to commence in earnest next month. Under the proposed bid procedures, available at https://cases.stretto.com/LaForta/, Weinhoffer will direct the marketing and sale process, including by soliciting and evaluating bids for La Muralla IV. The proposed bid deadline is October 26, 2022, with sale approval expected 3 weeks later and sale consummation by the end of November. If you are interested in being a bidder for La Muralla IV, please contact Weinhoffer at davidw@macco.group to gain access to the Data Room and schedule an in-person inspection.

LaForta is also advised by Counsel, Rebecca Blake Chaikin, Genevieve M. Graham, and Veronica A. Polnick of Jackson Walker, LLP; Special Corporate Counsel, Jennifer Demarco and Sarah Campbell of Clifford Chance; and Ole’ Aagvaard, Project Manager, of ABW Vessel Management, Ltd. The Backstop Lenders are advised by Counsel, Mark Shinderman, Casey Fleck, and Brian Kinney of Milbank, LLP; Michael Warner and Benjamin Wallen of Pachulski, Stang, Ziehl & Jones, LLP; and Kristen Bodden of Maritime Finance Ltd.

Drew McManigle, Founder and CEO of MACCO said, “David and the MACCO La Forta team working collaboratively with legal counsel, accomplished what initially appeared, almost unachievable. He successfully navigated international troubled waters in order to preserve stakeholder’s value.”

About MACCO

MACCO Restructuring Group, LLC is a national, middle-market focused interim leadership and financial advisory based in Houston with offices in Las Vegas, Denver, Oklahoma City, Wilmington/Philadelphia, and New York City. MACCO’s professionals possess real world business experience and have managed and led companies across a wide array of industries while acting as CEOs, CROs, CFOs, Senior Workout Lenders, and Fiduciaries. For more information, please visit: www.macco.group.

Media Contact:
Annie Graf
KCSA Strategic Communications
MACCO@KCSA.com

Company Contact:
Drew McManigle
drew@macco.group
Cell: (410) 350-1839

Vertex unveils tolling tech designed to ease Tel Aviv road congestion

The Vertex Company Optical Detection Intelligent Network is a cutting-edge system for urban congestion zones TEL AVIV, ISRAEL, Aug. 30, 2022 (GLOBE NEWSWIRE) — The Vertex Company, a V2X company (NYSE: VVX), announces a brand-new technology for the proposed Tel Aviv congestion pricing zone. The Optical Detection Intelligent Network, ODIN, is an advanced, compact tolling […]

The Vertex Company Optical Detection Intelligent Network is a cutting-edge system for urban congestion zones

TEL AVIV, ISRAEL, Aug. 30, 2022 (GLOBE NEWSWIRE) — The Vertex Company, a V2X company (NYSE: VVX), announces a brand-new technology for the proposed Tel Aviv congestion pricing zone. The Optical Detection Intelligent Network, ODIN, is an advanced, compact tolling system that can be deployed to city locations where street-spanning gantries or toll booths are not possible.

ODIN integrates the functionality of multiple different devices from traditional all-electronic tolling systems into a single sensor, making it small enough to fit on a typical city light post. The primary sensor is an ultra-high-resolution camera for image-based tolling, eliminating the need for vehicle transponders.

“The Vertex Company brings engineering excellence and innovative technology integration to tolling projects,” said Aileen Amirault, Vice President & General Manger at The Vertex Company. “We provide reliable, high-tech tolling that processes millions of tolling transactions a day at more than 400 locations worldwide.”

Congestion zones, also known as cordon pricing, is a form of tolling that charges drivers who drive into and/or within a specific area. It is generally used to manage traffic in dense, congested areas, like city centers.

ODIN was developed and tested on roadways in Canada and the United States and is now approved for congestion zone pricing projects around the world.

“Today’s announcement adds a new, attractive option for the Tel Aviv congestion pricing project,” said Colleen Murphy-Vincent, Director of Transportation, Technology & Tolling Solutions at The Vertex Company. “Our system provides tolling revenue for our customers without disrupting traffic. ODIN allows vehicles to move at the speed of traffic as we accurately detect, track, classify and image vehicles in all weather and light conditions.”

The Vertex Company has more than 25 years of all-electronic tolling experience, serving customers across 10 time zones as they collect more than $2 billion in annual customer transactions. Vertex Systems Israel, an LLC of The Vertex Company, has been a provider for the Cross-Israel Highway, known as Highway 6, since 2001.

ABOUT THE VERTEX COMPANY, A V2X COMPANY
The Vertex Company provides vertically integrated turnkey lifecycle support from concept definition, to engineering and manufacturing, through end-of-life support of complex systems. Our offerings include all levels of aviation maintenance, worldwide contractor logistics support, systems engineering and integration, specialized onsite mission execution, high consequence training programs and integrated supply-chain solutions.

In July 2022, Vertex and Vectrus merged to form V2X, a leading provider of critical mission solutions and support to defense clients globally. The company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training and technology markets to national security, defense, civilian and international clients. The global team of approximately 14,000 employees brings innovation to every point in the mission lifecycle, from preparation, to operations, to sustainment.

For more information on The Vertex Company, visit www.vtxco.com.

Brad Bucher
The Vertex Company
bradley.bucher@vtxco.com

Lantronix Announces 2022 SmartEdge Channel Partner Program Award Winners

SmartEdge Channel Partner Winners Represent Lantronix’s Global and Diverse Partner Ecosystem IRVINE, Calif., Aug. 30, 2022 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced the winners of its SmartEdge™ Partner Program Awards, highlighting its best […]

SmartEdge Channel Partner Winners Represent Lantronix’s Global and Diverse Partner Ecosystem

IRVINE, Calif., Aug. 30, 2022 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced the winners of its SmartEdge™ Partner Program Awards, highlighting its best channel partners of 2022. Winners were named in three regions: North America; Asia Pacific; and Europe, Middle East and Africa. Awards were given for Partner of the Year, Newcomer, Innovation and Software/Services.

The winners are:
North America
SmartEdge Partner of the Year: WWT
Smartedge Newcomer: Softchoice Canada
SmartEdge Innovation: Charter Telecom
SmartEdge Software/Service: SHI

Asia Pacific (APAC)
SmartEdge Partner of the Year: ADT
SmartEdge Newcomer: PSI
SmartEdge Innovation: Sapply
SmartEdge Software/Service: Bay Datacom

Europe/Middle East/Africa (EMEA)
SmartEdge Partner of the Year: Atlantik Elektronik
SmartEdge Newcomer: SOL
SmartEdge Innovation: Linkwave
SmartEdge Software/Services: Data Equipment

“We are pleased to honor this year’s SmartEdge Partner Program winners, all of which have exceeded our program requirements and expectations in driving sales and building long-term relationships with our mutual customers,” said Roger Holliday, VP of Worldwide Sales at Lantronix.

About the SmartEdge Partner Program

Lantronix’s SmartEdge Partner Program was designed to help Value-Added Resellers (VARs) and Systems Integrators (SIs) drive revenues by differentiating their offerings with Lantronix’s innovative Industrial Internet of Things (IoT), Remote Environment Management (REM), Out-of-Band Management (OOBM) and Mobility/Connectivity solutions.

For more information on the Lantronix SmartEdge Partner Program, visit www.lantronix.com/partners.

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.

Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room and Datacenter applications. For more information, visit the Lantronix website.

Learn more at the Lantronix blog, which features industry discussion and updates. Follow Lantronix on Twitter, view our YouTube video library or connect with us on LinkedIn.

© 2022 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-453-7158

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488