ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages Digital Turbine, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – APPS

NEW YORK, June 08, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Digital Turbine, Inc. (NASDAQ: APPS) between August 9, 2021 and May 17, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than August 5, 2022.

SO WHAT: If you purchased Digital Turbine securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Digital Turbine class action, go to https://rosenlegal.com/submit-form/?case_id=6272 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company’s recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company’s internal control over financial reporting as to revenue recognition was deficient; (4) as a result of the foregoing, the Company’s net revenues was overstated throughout fiscal 2022; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

To join the Digital Turbine class action, go to https://rosenlegal.com/submit-form/?case_id=6272 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

DEWA’s R&D Centre launches its second Transactions Report

Dubai Electricity and Water Authority (DEWA)’s Research and Development Centre has issued its second Transactions Report, which contains the Scopus Indexed scientific and research papers that the Centre published in international scientific conferences and journals in 2021. The report includes 31 research papers with an increase of 100% in scientific papers published by the Centre in 2020. The articles focused on solar energy, water, energy efficiency, smart grid integration, Fourth Industrial Revolution technologies, space technologies, and energy systems analysis.

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, commended the efforts by researchers and the team at the R&D Centre to support DEWA’s objectives in making the R&D Centre a global platform for promising technologies and delivering Emirati research projects to international academic institutions. This raises performance indicators in scientific research in the UAE and enriches the scientific community in Dubai, the UAE, and the world.

“Our vision is guided by the words of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who once said, ‘Our future plans require a solid foundation of scientific research, which comply with our aspirations’. We work to make the UAE and Dubai an incubator for scientific innovations. This is in accordance with the UAE Centennial 2071 to make the UAE the world’s leading nation, and the Dubai 10X initiative to aid Dubai’s progress into leading the future by making it 10 years ahead of other cities. The R&D Centre contributes to protecting DEWA’s position at the forefront of global utilities and developing the talents of Emirati researchers and their capabilities,” added Al Tayer.

“The R&D Centre at the Mohammed bin Rashid Al Maktoum Solar Park includes 44 researchers including 26 master degree and PhD holders. Since its launch, the Centre has launched 84 research papers at international scientific conferences, journals and publications. The Centre registered 5 patents and there are more underway,” said Eng. Waleed Bin Salman, Executive Vice President of Business Development and Excellence at DEWA.

“Our goal is to become a globally recognised platform for developing and demonstrating emerging solutions for future energy and water systems. We are proud of the results achieved so far, which is a result of the continuous support of DEWA’s top management and the commitment of all teams to work as one,” said Dr. Ali AlAleeli, VP – Research and Development at DEWA’s R&D Centre.

The report includes several important subjects such as: the identification of UV damage patterns in EVA encapsulants in PV modules; a consolidated review and comparison of all ageing defects in PV modules in arid climates; a detailed model of scaling processes for Reverse Osmosis membranes validated using the PVRO facility; a calibrated model to forecast monthly electricity demand by account using actual DEWA data and environmental conditions; the use of IoT and Virtual Power Plant data for fault detection; advances in 3D printing technology and an extensive review of the potential of ionic liquids for supercapacitor electrolytes.

Source: Dubai Electricity and Water Authority

DUBAI CHAMBER OF COMMERCE SHARES DIGITAL TRANSFORMATION BEST PRACTICES WITH DUBAI LAND DEPARTMENT

Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, recently hosted a team from Dubai Land Department at its headquarters where representatives from the Chambers shared its experience and best practices in digital transformation and customer service.

The visit and meeting explored potential collaboration and knowledge sharing opportunities focusing on government work systems were discussed. The visiting team was received by Saif Hattawi, Director of Information Technology at Dubai Chamber of Commerce and Abdulla Al-Theeb, Director of Membership and Documentation at Dubai Chamber of Commerce. Representing the Dubai Land Department were Abdullah Al-Siri, Senior Director of the Customer Happiness Department and Fatima Al Shamsi, Senior Manager, Real Estate Services.

The DLD representatives were briefed on the Chamber’s advanced digital transformation system, which provides options for Chamber members and customers to easily complete transactions, saving them time and effort and ultimately accelerating business functions.

Hattawi elaborated on the Chamber’s advanced digital infrastructure and systems, which are designed to provide a seamless customer experience, adding that digital transformation remains a top priority for the organisation as it supports Dubai’s strategic ambition of becoming the smartest city in the world.

He said that electronic transactions conducted by customers at the Chamber increased by 8.4 percent year-over-year between January and May 2022, reaching over 308,000 electronic transactions.

Ahmed Al-Theeb, Director of Membership and Documentation at Dubai Chamber of Commerce, stressed the Chamber’s strong commitment to providing smart services that add value for its members and improving ease of doing business in Dubai.

Al-Theeb added that digital transformation efforts played a role in boosting membership growth and the number of certificates of origin issued and received by the Chamber, as the smart systems in place simplified and facilitated procedures and processes for customers.

The visiting team lauded Dubai Chamber of Commerce for its digital transformation achievements, which were reflected in its strong ranking on the Dubai Government Customer Happiness Index 2021 and added that continued cooperation between government entities is crucial to enhancing economic competitiveness in Dubai.

Dubai Chamber offers 50 smart services to Dubai’s business community, covering everything from certificates of origin, attestation, ATA Carnets and credit reports, among many others.

Source: Dubai Chamber of Commerce & Industry

Dubai Media Council’s meeting explores new avenues of collaboration with leading Turkish production companies

DUBAI, Globally-acclaimed Turkish actor Engin Altan Düzyatan said that the diversity of talent, a robust infrastructure, and the variety of its scenic natural landscapes make Dubai a perfect choice for becoming a global hub for the production of films and TV series.

The actor, best known for his starring role in the hit Turkish drama ‘Dirilis: Ertugrul’ (‘Resurrection: Ertugrul’), was speaking at a meeting held with the Dubai Media Council.

The meeting, hosted at the Dubai Press Club, was part of a series of engagements that Dubai Media Council has been organising to foster dialogue between the Dubai community and global influencers and thought leaders in the media, entertainment, and creative and cultural industries. The meeting served as an opportunity for the Dubai Media Council to explore new avenues of collaboration with leading Turkish production companies to further enhance the sector’s role in Dubai.

In discussion with a group of local industry professionals, including producers, filmmakers and students, who also attended the meeting, the award-winning actor highlighted the influential role of TV series and films in showcasing the culture of a nation and promoting tourism.

During the meeting, Düzyatan shared his experience as a lead actor in the highly successful series ‘Dirilis: Ertugrul’, which gained massive popularity worldwide. The Netflix series, dubbed into six languages and broadcast in more than 70 countries, has been watched by billions of people worldwide. Düzyatan spoke about the huge appetite for historical TV series and the massive efforts and costs that go into producing such works.

The renowned actor underlined Dubai’s ability to continue drawing in filmmakers from around the world to shoot in various locations in the city. “The city has some amazing landscapes and picturesque natural areas that can serve as great locations to shoot films,” he said. “Dubai is also a very cosmopolitan city with many diverse nationalities living here, making it a unique place for producing TV shows that showcase this diversity.”

The celebrity Turkish actor also highlighted his keen interest in collaborating with Dubai-based production companies and working with various city talents.

Welcoming the actor, Nehal Badri, Secretary General of the Dubai Media Council, said, “It was our pleasure to host renowned actor Engin Altan Düzyatan, who has become popular worldwide for his leading role in the historical saga Dirilis: Ertugrul. Turkish serials like Dirilis: Ertugrul have been able to reach international audiences and touch the hearts and minds of people across the world, creating positive soft power and goodwill for the nation. The meeting served as an opportunity for dialogue, building bridges between Dubai and Turkey, and exchanging knowledge and ideas in meaningful ways. The Dubai Media Council is keen to work with media industries across the world to widen the creative talent base in Dubai and enhance the skills of professionals in our media and creative ecosystems.”

Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing, commented, “The world-famous Dirilis: Ertugrul series is a perfect example of how soft power was used to raise Turkey’s profile on the global tourism map and attract people from around the world to visit, live and work in Turkey. The series was able to spotlight some of the country’s famous landmarks, some of which have become iconic and Instagrammable landmarks.”

Kazim added that Dubai continues to strengthen its position as a global filmmaking destination and a regional film production industry hub, with many international production houses choosing Dubai as a filming location. He noted that Dubai has been featured as the backdrop of several big-budget international blockbusters, including Mission Impossible: Ghost Protocol (2011).

During the meeting, Sarah Al Jarman, Director of General Channels at Dubai Media Incorporated (DMI), spoke about DMI’s plans to strengthen cooperation with leading media companies, global production houses as well as creatives from across the region and the world in order to enhance the content it provides on its channels. Al Jarman also said that the group is keen to achieve the objectives outlined by the Dubai Media Council to enhance the media sector’s development in Dubai.

The meeting was also attended by Saeed Al Janahi, Executive Director of Operations at the Dubai Film and TV Production Committee; Salem Belyouha, Director of Media Services at the Government of Dubai Media Office; Emirati film curator, producer and co-founder of Cinema Akil, Butheina Kazim; Ender Sevim, Founding Partner of Depo Film; and Barbaros Citmaci, Managing Partner of 2B Productions.

Source: Emirates News Agency

Ministry of Industry and Advanced Technology concludes region’s first Sugar Reduction Programme

DUBAI, Representatives from the Ministry of Industry and Advanced Technology (MoIAT), in collaboration with the UAE F&B Manufacturers Business Group, today joined Emirati graduates and young F&B professionals at the final session of the region’s first-ever Sugar & Calorie Reduction Knowledge Building Programme hosted at Tate & Lyle’s R&D lab in Dubai.

The eight-week programme, which concluded Thursday, is part of a joint initiative by the MoIAT and UAE F&B Manufacturers Business Group to educate young professionals and support F&B manufacturers in the region to cut calories and sugar from products and pivot to increased demand among consumers for healthier food.

Speaking at the event, Farah Al Zarooni, Acting Assistant Under-Secretary for Standards and Regulations at the Ministry, said, “In line with the UAE’s national industrial strategy to enhance the competitiveness of domestic manufacturers, the ministry is committed to supporting the WHO’s recommendations to cut sugar and calories in F&B products and support industrial companies in the UAE with the knowledge and capabilities to adapt to market trends and maintain international standards.

“This platform will raise awareness and provide expertise about the opportunities for F&B manufacturers around healthier products, provide the necessary technical and business expertise and direction to help companies capitalise on opportunities in the F&B sector. It also highlights the ministry’s efforts to update its rules and regulations to support the country’s sustainable development and improve the quality of F&B products.”

Saleh Lootah, Chairman of UAE Food and Beverage Manufacturers Group, stated, “UAE food manufacturing companies are investing in new product development innovations, and this programme will help them access a faster route to market and maintain global standards. Tate & Lyle’s state-of-art R&D facilities are key to strengthening the sector in the region and crucial for nurturing local talent.”

The programme’s six sessions hosted more than 350 delegates from the MENA region in-person and virtually. Representatives from the entire F&B manufacturing value chain attended, including legislative and food safety authorities such as Dubai Municipality, Saudi Food and Drug Authority, Abu Dhabi Agriculture and Food Safety Authority, and Sharjah City Municipality and Ministry of Health and Prevention.

Emirati students and young F&B professionals attending the programme represented Zayed University, Canadian University Dubai, Al Ain University, United Arab Emirates University (UAEU), Manipal Academy of Higher Education, and others.

The programme aimed to increase awareness of the latest in sugar and calorie reduction technologies, offering practical experience from demonstrations at Tate & Lyle’s new Customer Innovation and Collaboration Centre and providing ongoing support for F&B manufacturers.

Dominique Floch, General Manager, Middle East, Africa and Turkey at Tate & Lyle, said, “As a result of increased consumer demand for food and beverage options with reduced calories, fat and sugar, manufacturers are now increasingly looking to create products that fit within this healthier lifestyle ethos.

“The challenge faced, however, has always been how to keep the great taste consumers have come to expect while also promoting a balanced diet. Our new Customer Innovation and Collaboration Centre brings together Tate & Lyle’s cutting-edge science and technology, world-leading ingredients and unrivalled formulation expertise to make healthy food tastier and tasty food healthier.”

Source: Emirates News Agency

WGS offers key insights to effectively implement net zero strategies in newly released report

DUBAI, A knowledge report published by the World Government Summit (WGS) organisation has called upon countries and governments around the world to intensify their efforts in fulfilling their commitments to achieve CO2 emission reduction goals in key national sectors.

Titled ‘Path to net zero, Priorities for governments’, the report, published in partnership with Arthur D. Little, noted that “the concepts of net zero and decarbonisation have evolved to be commitments signed by the highest authorities in every sector. The report also pointed out that “there is no going back anymore as the world is facing a difficult task”.

The report, however, stressed that the “the opportunity is still available for governments to turn the scales on climate change and achieve national ambitions for the future thanks to the strong determination and fast-changing technologies and strategies”.

The report ruled out any significant imminent decline in carbon emissions, as on the contrary, the latest report issued by the United Nations Environment Programme titled ‘The Emissions Gap Report 2021’ indicates that the world is rapidly heading towards a temperature increase of 2.7 degrees Celsius by the end of this century.

The report noted that “even after all new national climate pledges are taken into account, and in the best-case scenarios, the pace of temperature increase can be reduced to 1.8 degrees Celsius if countries truly live up to their commitments and adhere to all relevant national long-term strategies”.

Commenting on the report, Mohamed Yousef Al Sharhan, Deputy Managing Director of World Governments Summit Organisation, said, “The organisation is committed to keep pace with top global issues that concern governments, and support decision-makers through in-depth studies, exchange of knowledge, experiences and research in order to address existing challenges and anticipate their future paths.”

He added, “This report promotes constructive dialogue on an important issue facing the world today, which is net zero and the consequent policies that are not limited to governments but require the participation of everyone. Through a different approach that enhances public-private partnerships and changes consumer priorities, production methods, and resource handling, governments can lead societies towards a sustainable future in which climate change is controlled and transforms the commitment into an opportunity to launch new economic sectors with advanced knowledge and technology that empower societies globally.”

For his part, Thomas Kuruvilla, Managing Partner, Arthur D. Little, said, “Our latest report in partnership with the World Government Organisation, comes at a turning point for governments to exchange best practices and overcome key challenges on the path to net-zero. Commitments to achieving net-zero emissions were made by over 130 countries at the end of the 26th UN Climate Change Conference of the Parties (or COP26) held in Glasgow in late 2021. With breakthrough innovations underway, there are many areas where governments can create new national economic opportunities in the future as well as help to decarbonise the sectors.”

Framework to Implement Net Zero Initiatives for Governments

The report recommended the adoption of a comprehensive framework that aid governments in implementing net zero initiatives, covering six key dimensions, namely; governance, net zero policies and laws, R&D and innovation, technology, financing and incentives.

In terms of governance, the report pointed out that “the national governance model will need to ensure inclusiveness so that each individual, regardless of their position or profession, will benefit from this transformation in the future, and be responsible for their contribution to this success. Based on the context of the country and the governmental structure, a central and inclusive body can be adopted to develop and be responsible for implementing planned programmes and initiatives to achieve net zero”.

Regarding net zero policies and laws, the report explained that governments “will need to introduce appropriate, integrated and comprehensive policies and tools to ensure that all sectors are organised in the right direction. An integrated energy policy is necessary to ensure that renewable energy sources and any energy cleaning technology strategies (such as those related to hydrogen) are compatible with each other.”

In terms of research, development and innovation, it highlighted that these “are essential factors for reducing emissions, and accordingly countries will need to strengthen their policies, frameworks and spending on research and development in this field.”

As for technology, the report said, “There is no doubt that the technological leaps globally will help planned programmes and initiatives gradually achieve the goals of net zero but will need to be constantly monitored and studied to ensure economic feasibility and reduce market and technology risks.”

On financing and incentives, the report indicated that “each government will have to deal with the need for financing to achieve its commitment to net zero and to find the appropriate mix and mechanism, including the participation of the private sector.”

Leading international experiences

The report presented lessons learned from several leading experiences, most notably the experience of the United Kingdom, which has set a goal of becoming home of the “green industrial revolution”.

The report touched on the UK’s experience in terms of developing innovative and environmentally friendly equipment and tools for the future of net zero. By engaging with the private sector and developing laws, the report added that it would shift consumer demand towards environmentally friendly products.

Presenting the experience of the United States in this regard, the report stated that achieving the goal of net zero in the largest economy in the world will require transformations in five main areas, namely, decarbonising the electricity sector, and then transferring this across sectors to electric power, as well as reducing energy waste, cutting methane emissions and developing technologies to remove carbon from the atmosphere.

UAE, a unique experience through 4 tracks

The report explored the UAE’s ambitions that aim to achieve net zero by 2050. The UAE became one of the few nations among the top 10 oil producers, and the first in the MENA region, to officially make such a bold pledge.

The UAE is working towards achieving its objectives through four main tracks, namely; the energy track, where the UAE Energy Strategy 2050 targets increasing the share of clean or sustainable energy in the overall energy mix to 50 percent by 2050, while mitigating the carbon footprint of energy generation by 70 percent.

Th second is the industrial track, where the UAE is working towards increasing the industrial sector’s GDP contribution to AED 300 billion through the national strategy for industry and advanced technology. This strategy aims to harness innovations in treatment technology to mainstream the use of alternative fuels and green solutions, alongside waste recycling.

For the mobility track, the UAE drawing numerous roadmaps for adopting the most advanced mobility technologies and solutions. The UAE has taken key steps towards this goal with the launch of the National Smart Mobility Strategy 2030, which will stimulate policy development towards a seamless mobility ecosystem, and the environment track, where the UAE is exerting strenuous efforts by supporting many strategies and initiatives such as the National Biodiversity Strategy and laws to safeguard marine life. The UAE is also developing waste-to-energy and circular economy initiatives, alongside habitat restoration and sustainable agriculture programmes.

5 key areas for governments to focus

The report advised governments to consistently monitor five key areas: effective planning, stakeholder inclusivity, sustainable financing and capacity building, efficient monitoring and reporting, and continuous improvement. It added that nations need to maintain a mindset that prioritises continuous improvement, and an approach that motivates adaptive learning in an ever-changing landscape.

The ‘Path to net zero: Priorities for governments’ report can be viewed through the following link Path to Net Zero – Priorities for governments 20220324 (worldgovernmentsummit.org).

Source: Emirates News Agency