Seegene Receives CE-IVD Mark for Use of Combo Swab, a Self-Collection Device with Four COVID-19 Diagnostic Tests

SEOUL, South Korea, Sept. 1, 2021 /PRNewswire/ — Seegene Inc. (KQ 096530), South Korea’s leading molecular diagnostics company, announced on August 20 that it has obtained CE marking for the use of Combo Swab, a self-collection device with four diagnostic assays.

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Combo Swab is a user-friendly swab designed for efficient specimen collection at scale in which patients can easily collect specimen from their nasal and oral cavity under the supervision of a healthcare professional. With the CE-IVD mark, the Combo Swab can be now used with Seegene’s four COVID-19 diagnostic assays including ‘Allplex™ SARS-CoV-2 Assay,’ ‘Allplex™ SARS-CoV-2 Master Assay,’ ‘Allplex™ SARS-CoV-2 Variants I Assay’ and ‘Allplex™ SARS-CoV-2/FluA/FluB/RSV Assay.’ Seegene’s multiplex assays have been widely acknowledged across the world with its capability to detect multiple targets in a single channel. The availability of Combo Swab with the company’s diagnostic assays is expected to dramatically improve testing efficiency by facilitating continued testing for a large group of people in much reduced time.

The Combo Swab offers multiple benefits while reducing various inconveniences that nasopharyngeal swabs have. In comparison to the nasopharyngeal swab that needs to insert deeply patient’s nasopharynx until resistance is encountered, individuals can collect their own specimen by simply swabbing their mouth and nose without causing any discomfort. Due to its simplicity, it does not require healthcare professionals to take care of each patient, which in turn, allows efficient testing for a large group of people. While Combo Swabs can drastically improve the testing environment for mass testing, it also reduces the risk of accidental exposure to the virus for clinicians as they can maintain distance during the testing procedure. In July 2020, the company had applied for a patent on technology that detects SARS-CoV-2 virus through specimens collected from mouth and nose. Seegene said this new testing option will not only expand access to COVID-19 testing, but also minimize the workload for healthcare workers, resolving clinician shortage issues in many countries around the world.

Clinical data shows Combo Swabs have accuracy of over 96%, the same accuracy as the results from nasopharyngeal swabs. Countries like the US, UK, and Singapore have already adopted self-collecting devices such as oral and nasal swabs to scale up testing. Most self-administered testing, however, obtains samples from one’s mouth or nose, while Seegene’s Combo Swab collects specimens from both mouth and nose, therefore, the results obtained using Combo Swabs show higher accuracy over other self-collecting devices.

“With the rapid spread of the Delta variant, surveillance testing is the key to curb the further spread of COVID-19. Under such circumstances, Combo Swabs will facilitate efficient mass testing with its high accuracy,” said Min-Cheol Lee, Seegene’s Chief Technology Officer. “Seegene owns unique multiplex technologies which obtained over fifty original patents of detecting multiple virus genes in a single test. The combination of Combo Swabs and Seegene’s high multiplex technologies will certainly be the optimized solution to scale up the COVID-19 testing and be an essential tool for societies to reopen,” he added.

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Joy Spreader Further Consolidates Its Industry Leadership with Strong Interim Results for 2021

BEIJING, Sept. 1, 2021 /PRNewswire/ — Joy Spreader Group Inc.(HKG:6988, “the Group”, “Joy Spreader”), a leading marketing technology company, consolidates its leading position in the new mobile media-based performance marketing sector with strong interim results released on Aug. 30. The Group achieved revenue of HK$624 million (approx. US$79.8 million) during the first half of 2021 that ended June 30, 2021, whereby the firm, an increase of 62.37 per cent from the same period of the previous year.

Over the past few years, Joy Spreader has been expanding its footprint in the new mobile media-based performance marketing sector, contributing to the strong growth of the Group’s interim financial results. Gross profit and net profit excluding extraordinary items for the period also grew 105.15 per cent and 102.26 per cent year on year to HK$214 million (approx. US$27.4 million) and HK$137 million (approx. US$17.5 million), respectively.

Joy Spreader’s supply-side platform (SSP) services business was one of the star performers during the period. The business unit provides product selection services powered by data-rich and intelligence-driven profiles of online sales channels to assist sellers in choosing the most appropriate items for monetization in each channel. Joy Spreader has also been able to automate the process of acquiring fixed locations in bulk for product placements across the e-commerce platforms.

As of June 30, 2021, the number of such locations within the Group’s marketing ecosystem had climbed to 1.56 million, up 208.65 per cent from 505,945 in the same period of 2020. Of the locations, 690,000 were active, up 126.32 per cent. Averaged gross merchandise value (GMV) of the products placed during the half-year period also showed a year on year rise of 10.10 per cent to HK$3,504 (approx. US$448.50).

Demand-side platform (DSP) services also performed well. Corporate clients that subscribe to the service have access to detailed descriptions of products in tandem with intelligent forecasting services to help them choose the best locations for the marketing of the products, so they can maximize order inflow and expand their user base by relying on Joy Spreader’s Direct to Customer (DTC) model. During the first half of the year, the line-up of some 1,700 e-commerce and interactive entertainment solutions facilitated a 36.89 per cent year on year growth in the number corporate clients to 308.

Joy Spreader’s Expansion Strategy Pays off in H1 2021

With a focus on the e-commerce products marketing business, Joy Spreader has been marketing products via pre-recorded short-form videos (SFVs) since 2019, becoming one of the first companies in China to have expanded into the video-based marketing sector. The impressive performance of the business was mainly attributable to the company’s first mover advantage and top-notch marketing technologies, as well as a relatively high barrier to entry due to the steep technology requirements for new entrants into the sector.

The interim financial report also showed that Joy Spreader’s line-up of e-commerce products for marketing purposes had grown to 231. During the first half of 2021, GMV of e-commerce products rose to HK$647 million (approx. US$82.8 million), up 264.08 per cent from the same period of 2021. Revenue also increased 285 per cent to HK$129 million (approx. US$16.5 million).

The growth of the e-commerce products marketing business was attributable to the increase in the number of product placement locations made available on the highly popular Douyin platform. As of June 30, 2021, the number of such locations had grown to 657,300, a year on year gain of 720.23 per cent. With the major SFV platforms accelerating their efforts in creating a comprehensive ecosystem, the business is expected to maintain the current pace of rapid growth.

Joy Spreader’s expanded database and enhanced algorithm capacity have laid a sound foundation for the continued enhancement of the firm’s marketing business performance. Research and development expenses increased 712.5 per cent to 29.9 million yuan (approx. US$3.8 million). The company also added to its collection of data models to 169 units with 37.4 per cent increased by the end of June 30.

At the same time, to take advantage of the opportunities in e-commerce markets outside of China, Joy Spreader plans to launch SFV-based e-commerce marketing services overseas. Notably, the company has already established a business system for international markets in a move to expand its e-commerce marketing business through new media platforms with global reach including placements on TikTok.

In addition, Joy Spreader plans to provide tailor-made new media content to corporate customers by continuing to grow the number of locations for product placements as well as create its own IP content in an effort to increase first-party traffic across multiple channels. The aim is to enhance the Group’s profitability by increasing the conversion rate while further reducing traffic acquisition costs.

Given the rapidly growing market for mobile internet technologies and the changing business environment, the SFV-based e-commerce, new mobile media and social entertainment sectors that Joy Spreader has been focused on are anticipated to have promising futures both inside and outside China.

Built on its strong interim results and a forward-looking roadmap, the Group expects to continue expanding into new businesses and new markets while further consolidating its leadership in the industry, laying a solid foundation for the firm’s long-term growth.

For more information about Joy Spreader Group Inc., please visit here.

Joy Spreader Group Inc. Attributes Strong Growth of Its 2021 Interim Results to Three Key Competitive Advantages

BEIJING, Sept. 1, 2021 /PRNewswire/ — Joy Spreader Group Inc.(HKG:6988, “the Group”, “Joy Spreader”), a leading marketing technology company listed in Hong Kong, announced its interim results for the first six months ended June 30, 2021. Since the beginning of the year, the Group has demonstrated robust growth across-the-board by continuously strengthening its competitiveness through active expansion into new fields and improved services to existing corporate clients.

Joy Spreader achieved revenue of HK$624 million (approx. US$79.8 million) during the first half of 2021, an increase of 62.37 per cent from the same period of the previous year. Gross profit and net profit excluding foreign exchange losses for the period also grew 105.15 per cent and 102.26 per cent year on year to HK$214 million (approx. US$27.4 million) and HK$137 million (approx. US$17.5 million), respectively.

The strong growth of Joy Spreader’s interim financial results was partly attributable to the Group’s expansion into the performance-based marketing sector. In light of the firm’s role as a Chinese technology leader mainly engaged in the new mobile intelligent performance-based marketing, the impressive results were also driven by the growth of the digital economy, in particular the flourishing short-form video (SFV)-based e-commerce sector.

The SFV-based e-commerce sector is experiencing a boom and is now the fastest growing online market in China. At the same time, overseas e-commerce platforms, with TikTok serving as a prime example, are in the initial stage of monetization and expect to offer huge growth potential thanks to increasing customer expectations. Given this scenario, Joy Spreader has taken advantage of the unprecedented opportunity to expand into e-commerce marketing markets outside of China, in line with what many players in the sector are doing.

Joy Spreader Opts for a Cost-per-sale (CPS) Approach, Choosing it As Its Main Business Model.

During the first half of 2021, CPS-based revenue accounted for 92.71 per cent of the Group’s total. Using this model in tandem with its professional services and competence in technologies, the company has helped corporate clients win new customers and orders by addressing their challenges with Joy Spreader’s Direct to Consumer (DTC) solution. Joy Spreader then negotiates a compensation model with each client based on several performance indicators, with sales being one of the most important.

Joy Spreader has deepened its ongoing efforts to develop performance-based marketing technologies in a move to further optimize its supply-side platform (SSP) and demand-side platform (DSP) services which, when considered together, vastly increase the possibilities for collaborations, with the aim of creating a mobile marketing ecosystem.

Joy Spreader Group Inc. Attributes Strong Growth of Its 2021 Interim Results to Three Key Competitive Advantages.

The SSP services business provides data-rich profiles of online service channels alongside a product recommendation engine to assist sellers in choosing the most suitable merchandise for sale in each channel. As of June 30, 2021, the number of covered marketing points included in the Group’s marketing ecosystem had risen to 1.5616 million, up 208.65 per cent from 505,900 in the same period of 2020. Of the marketing points, 689,500 are active, up 126.32 per cent compared with 304,700 in the same period of the previous year.

As for DSP services, corporate clients that subscribe to the service have access to detailed descriptions of products in tandem with intelligent forecasting services. As of June 30, 2021, the number of corporate clients grew 36.86 per cent year on year to 308 while the line-up of e-commerce and interactive entertainment products expanded to 1,538, up 62.92 percent, with the number of product categories rising 86.29 per cent to 231.

The two fundamental components of Joy Spreader’s group business, SSP and DSP services, are highly complementary, coming together to create a complete organic ecosystem that facilitates mutual growth of product inventories, traffic pools and model performance.

From the perspective of regulatory trends and the evolution of platforms, Joy Spreader is uniquely positioned to provide cross-platform services as an independent third party and, by doing so, responds to the Chinese government’s call for antitrust and business integration across platforms. Given the trend towards internet platform companies strengthening their business integration and breaking down artificial barriers, internet-based platforms will find themselves in a position to provide more business opportunities to partners while strengthening cross-platform collaborations as third-party service providers. By leveraging the opportunities from cross-platform business integration, Joy Spreader expects to leverage its experience to enhance its capabilities in providing services across platforms given the absence of exclusive partnerships with a specific platform, in an effort to better meet the business needs of internet platforms by helping them become part of the bigger ecosystem.

With the new mobile performance-based marketing market showing a continuous increase in demand, Joy Spreader is strengthening its leading advantages to further drive the rapid growth of its results. The firm plans to continue its commitment to providing innovative and premium performance-based marketing services powered by technological innovation.

For more information about Joy Spreader Group Inc., please visit here.

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TCL To Introduce The 2021 Mini LED 8K TVs And New Ambitions

Under the Theme #Transcend Vision, TCL will showcase the AI x IoT lifestyle with its newest technology and impressive multi-category offerings

HONG KONG, Sept. 1, 2021 /PRNewswire/ — TCL Electronics (1070.HK), one of the dominant players in the global TV industry and a leading consumer electronics company is holding a must-see online event to announce the latest editions of Mini LED 8K TVs and introduce EISA Award winners and smart home appliances.

TCL’s dedication to excellence and the best entertainment experience will be in the spotlight to reaffirm the company’s leading position in the premium Mini LED TV market.

“TCL is proud to take a step forward on our Mini LED TV journey with the launch of the 2021 X Series Mini LED 8K TVs. Since 2018, TCL has been dedicated to Mini LED technology, and we began the mass production of the X10, the world’s first Mini LED TV for the global market in 2019. I am looking forward to sharing our latest news about our new X Series Mini LED 8K TVs and how we will Transcend Vision at the event,” said Shaoyong Zhang, CEO of TCL Electronics.

Highlights will include a premium 2021 X Series Mini LED 8K TVs that will disrupt home theatre experience and open up a new world for viewers. TCL will also introduce a full range of award winning TVs and smart home appliances that will reveal the potential of AIxIoT strategy.

Global gaming fans should tune in too, for some amazing news at this event as TCL invites everyone to Transcend Vision.

The details of the launch event are as follows:

Global Product Announcement
Time: 10:00-11:00 AM
Date: September 8th, 2021
Livestream @ www.tcl.com/tcl-transcend-vision-2021/index.html

*Time and date of Central European Summer Time (UTC+2)

We look forward to ‘seeing’ you online soon.

About TCL Electronics

TCL Electronics (1070.HK) is a fast-growing consumer electronics company and leading player in the global TV industry. Founded in 1981, it now operates in over 160 markets globally. According to OMDIA, TCL ranked global No.2 in TCL brand LCD TV market share in 2020. TCL specializes in the research, development and manufacturing of consumer electronics products ranging from TVs, audio and smart home appliances.

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Elevatus Leads Video Interviewing Transformation with Advanced AI Technology

LONDON, Sept. 1, 2021/PRNewswire/ — Elevatus, the provider of the most comprehensive AI solutions, is enabling companies worldwide to conduct quality interviews and attract top talent with its advanced video interviewing technology. Part of Elevatus’ ongoing mission is to help companies find, develop and hire great applicants by leveraging the latest in AI technology. And today, the tech provider is exceeding industry standards and gaining huge traction with its smart, secure and intuitive video interviewing software, that is helping companies worldwide build talented and skillful workforces.

Elevatus is bound to change the scope of recruitment and the future of HR, with its established track record of delivering matured, secure, and science-led AI technology

Elevatus’ video interviewing software, EVA-SSESS, has crowd-favorite features that are incredibly helping clients make accurate decisions through data-driven insights. Amongst these features, are the scientifically validated Five Factor Model reports that offer deeper insights into the applicants’ personality traits, learning and communication style, performance in sales, programming aptitude, and the way they deal with customers. With these reports, companies can seamlessly mitigate hiring bias, and enrich their candidate insights with the use of AI and modern science.

What makes Elevatus’ AI technology unique, is that it’s highly intuitive, comprehensive, and currently unmatched in the world. For instance, clients can instantly spot top talent 90% faster with Elevatus’ advanced model answer feature. With this feature, clients can use their model answer as a point of reference when assessing pre-recorded video interviews. A relevancy percentage will then be generated for each answer submitted by the applicant. This relevancy percentage dictates how close and relevant the applicant’s answers are to the model answer. As a result, this feature can exponentially help clients save over 90% of their time, filter out correct answers with ease, eliminate guesswork, and make more accurate hiring decisions.

Numerous in-depth case studies were conducted on Elevatus’ notable clients and have shown that by harnessing the power of  EVA-SSESS, they were able to achieve an 89% reduction in time-to-hire, a 96% decrease in hiring and assessment costs, and a 70% improvement in applicant experience. In addition, it also helped them hire applicants 10x faster and increase their ROI by an incredible 130%. For example, Omantel, the leading and main provider of integrated telecommunication solutions in Oman, assessed over 2,300 applicants in one week only with EVA-SSESS. Omantel was successfully able to roll out a video assessment and evaluate thousands of applicants remotely, for an internship program tailored specifically to Generation Z. As a result, Omantel lucratively boosted their ROI by 3X and managed to speed up the assessment process by a massive 83%.

“Our team of industry-leading experts designed a powerful video interviewing software that is localized and empowers companies to further democratize their hiring process to hire the best talent,” shared Yara Burgan, the CEO and founder of Elevatus. “It’s also integrated with world-class technology providers which enables them to build, run, and scale their hiring workflows all in one place. The impact of remote hiring made it clearer to us of how critical it is that we all invest in video interviewing software – and we’re excited to help companies build better hiring journeys with our AI technology.”

Elevatus’ AI video interviewing technology is bound to change the scope of recruitment and the future of HR, with its long and established track record of delivering matured, secure, and science-led AI technology. Elevatus’ commitment to transforming and intertwining the use of AI and videos in hiring is ongoing. And the video interviewing software is part of the company’s broad effort to continually fine-tune its hiring and assessment process with regularly scheduled product updates throughout the year.

Contact: contact@elevatus.io; +962-796-330600

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Royal Live Launches Exciting New “League” Feature on its Live Streaming Platform

MANAMA, Bahrain, Sept. 1, 2021 /PRNewswire/ — Royal Live (“the App”), one of the most popular broadcasting and live streaming social network platforms in Middle Eastern countries, has launched a new “League” feature, injecting a fresh and exciting dimension to users’ live streaming experience.

Royal Live’s new “League” function marks a new phase in the company’s quest to reward dedicated live streamers. “League” will allow users to invite and connect with more friends, upgrade to higher levels quicker, and access exclusive rewards of in-app gifts and special effects. By using “League”, Royal Live’s ‘shiniest stars’ will earn the chance to win exclusive privileges, including virtual gold coins, diamond gifts, and other add-ons which can be used to enhance the broadcaster’s channel – making them more attractive to prospective viewers.

Launched in July this year, Royal Live has already positioned itself as a leading platform in the global live streaming market, offering broadcasters something different among Middle Eastern countries. The gold-and-black design presents a mature aesthetic which reflects the traditional culture of local ethnic communities, along with a tailored design for in-app gifts of castles and camels, brings even more enjoyment when exploring the new feature.

The App has distinguished itself from the competition with a number of innovative features such as ‘Live PK’ – a fun broadcaster challenger setting – its ‘Voice Chat Room,’ which facilitates fun voice chats, karaoke and even language learning with new friends, in addition to ‘League’. The platform also regularly launches exciting experiences such as ‘Me and Royal Live,’ ‘Star Making Plan’ and ‘Football Quizzes’, which have helped attract over 50 million users to the App.

But Royal Live’s uniqueness goes far beyond fun and innovative functions. The platform is also committed to building an ecosystem that sources and invests in the best broadcasting talent. Since its inception, Royal Live has worked with a number of local anchors and management companies, particularly from the Middle East, to recruit the region’s very best talent to its network. The Middle East is an area of diverse and rich culture, and Royal Live hopes to share their unique stories with its millions of users across the world.

With this in mind, the platform recently has launched a new business development plan to collaborate with local agencies with exciting and engaging hosts, offering contracts worth up to US $200 per month for successful candidates.

With the launch of its new “League” function, and its commitment to finding the best broadcasting talent, Royal Live expects to see user growth expand even further in the future.

For more information, please visit https://www.royallive.com/

For business collaboration, please reach out to marketing@royallive.com.

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