Companies news of 2018-02-02 (page 1)

GomSpace's Fourth Demonstration Mission is Successfully Launched - Intended to Pioneer the Advanced Use of Nanosatellites

STOCKHOLM, Feb. 2, 2018 /PRNewswire/ --

GomSpace's GOMX-4 satellites were successfully launched from JSLC with a LM-2D launch vehicle. The satellites were separated as planned in the altitude of 500km and inclination of 97.32

GOMX-4 is a demonstration mission which includes two 6Usatellites: The GOMX-4A mission involves north area monitoring and the GOMX-4B mission is for innovative payload demonstrations. It will monitor and demonstrate Satellite Communication between Nanosatellites, and the in-orbit results and experiences gained from the GOMX-4 experiences will provide knowledge, information and experience for scaling to more advanced communication schemes required by larger nanosatellite constellations. GOMX-4 are twin siblings following the successful GOMX-3 mission and represent the new generation of nanosatellite platforms.

GOMX-4B is funded by ESA and it has been designed to be the most advanced CubeSat for IOD. It is based on the innovative and flexible 6U platform from GomSpace and it shall demonstrate the operations of 6 payloads on-board. (The main payloads are a 6U propulsion module from NanoSpace, the innovative S-band Inter-Satellite Link (ISL) (link) from GomSpace and the High-Speed Link (HSL) (link) from GomSpace with high data rate capacities. Additionally, this satellite accommodates the Radiation Harness Assurance Board, called Chimera, developed by ESA to evaluate the behavior in Space of different ceramic memories and two new optical devices, the HyperScout Hyperspectral Camera from Cosine and a Star Tracker developed by ISIS.

GOMX-4A is a satellite which will provide data for the Danish Defence Acquisition and Logistics Organization (DALO) and thus contribute to the monitoring of the Ministry of Defense's responsibility in the Arctic. The satellite contains radio receivers capable of capturing position signals from ships and aircraft.

Even with different payloads and mission goals, the two satellites will work together using an Inter-Satellite Link to optimize their capabilities to share data and to transmit it to ground. The life expectancy of the GOMX-4 nanosatellites is 3-5 years and they will be fully operated by GomSpace during that period.

"The GOMX-4B satellite is the most advanced satellite design we have initiated to date and we are very happy that ESA will participate in this project that will demonstrate possibilities of satellites flying in formation, assess the tandem effect synergy that open the doors to commercial opportunities for using the platform in future constellations for our customers. We are very happy to work with ESA and together take the nanosatellite technology to a new level. Also, we look forward to working closely with DALO and DTU on this exciting project and jointly develop and demonstrate the GOMX-4A mission. Our satellite and radio technologies are a perfect match for monitoring the vast and remote arctic area with the satellite flying over the scene every 90 minutes" , says Niels Buus, CEO from GomSpace

About Gomspace Group AB

The Company's business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company's Certified Adviser. For more information, please visit our website on

Image links :

For more information, please contact: 
Niels Buus (CEO)
Tel: +45-40-31-55-57


ASSA ABLOY Acquires Phoniro in Sweden

STOCKHOLM, Feb. 2, 2018 /PRNewswire/ -- ASSA ABLOY has acquired Phoniro, the largest player within integrated digital key management solutions and alarm for homecare and nursing homes in the Nordic region.

"I am very pleased to welcome Phoniro into the ASSA ABLOY Group. Phoniro constitutes a strategic addition to the Group and reinforces our position in the market for elderly care," says Johan Molin, President and CEO of ASSA ABLOY.

"The addition of Phoniro to our company is the natural next step for us to further develop our dedicated organization in addressing the needs of specific verticals and scale solutions internationally, with a high level of recurring revenue," says Christophe Sut, Executive Vice President ASSA ABLOY and Head of business unit Hospitality.

Phoniro was founded in 2004. It is headquartered in Halmstad, Sweden and has approximately 80 employees.

Sales for 2018 are expected to reach around SEK 175 million with a good EBIT margin and the acquisition will be accretive to EPS from start.

For more information, please contact:
Johan Molin
President and CEO
tel. no: +46-8-506-485-42

Carolina Dybeck Happe
CFO and Executive Vice President
tel. no: +46-8-506-485-72

ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end user needs for security, safety and convenience. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 47,000 employees, operations in more than 70 countries and sales of SEK 71 billion. In the fast-growing electromechanical security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security.

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Three Technology Subsidiaries under Ping An Group Receive Financing from International Investors

HONG KONG and SHANGHAI, Feb. 2, 2018 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group", HKEx: 2318; SSE: 601318) is pleased to announce that three technology subsidiaries under the Group - Ping An Healthcare and Technology Company Limited (hereafter "Ping An Good Doctor"), Ping An Medical and Healthcare Management Co., Ltd. (hereafter "Ping An Healthcare Technology") and OneConnect Financial Technology Co., LTD (hereafter "OneConnect") - have recently completed private placement financing.

  • Ping An Good Doctor has filed the A1 application to the Hong Kong Stock Exchange seeking IPO. Prior to filing, Ping An Good Doctor just completed a pre-IPO financing during which it raised US$400 million.
  • Ping An Healthcare Technology completed an A round financing and raised US$1.15 billion.
  • OneConnect conducted an A round financing and raised US$650 million.

Ping An Good Doctor is the world's largest healthcare portal in terms of traffic. Ping An Healthcare Technology is the largest technology-driven managed care platform in China. OneConnect is the only one-stop FinTech-empowered solutions provider in China. Financing of the three subsidiaries received positive responses, particularly from international institutional investors, including the SoftBank Vision Fund (which invested in Ping An Good Doctor and Ping An Healthcare Technology), International Digital Group (IDG) and SBI Group etc., proving that the capital market fully recognizes Ping An's technological innovation, the business model for its technology as well as the growth potential and business value of the Group.

The SoftBank Vision Fund invested in two of the three subsidiaries - it was the sole investor in the final pre-IPO round of financing of Ping An Good Doctor and was also a major investor in the A round financing of Ping An Healthcare Technology.

Kentaro Matsui, who led the investments by the SoftBank Vision Fund, said, "China is a dynamic and emerging economy with the largest HealthTech market worldwide, and the SoftBank Vision Fund sees tremendous growth potential for this sector. As one of China's foremost companies, Ping An is a leader in scaling emerging healthcare technologies within an integrated platform. We are tremendously excited about our investments in Ping An Good Doctor and Ping An Healthcare Technology and look forward to supporting their future expansion."

Ping An said, "The financing fully demonstrates global investors' recognition of the technological transformation strategy of Ping An, as well as their confidence in the competitive advantages of Ping An's HealthTech and FinTech in terms of data, technologies, talents and application scenarios. It will further enrich the Group's capital for the development of its technology business, optimizing its corporate governance structure, so as to capture the lucrative market opportunities to accelerate its business development. China's HealthTech and FinTech are booming and have huge market potential. The Group will continue to push forward with its two-pronged strategy of "Finance + Technology". By enhancing the technological capabilities of our core businesses, we are poised to complete our finance and healthcare business ecosystems so as to meet the comprehensive demands for financial services efficiently and precisely as it strives to become the world's leading FinTech company.

Ping An is at the forefront in terms of technology innovation. In the past 10 years, the Group not only used technologies to drive the development of its core businesses, but also achieved significant progress in developing these technologies as a service platform for third parties. At present, the Group has over 20,000 technological R&D staff members, over 500 big data scientists, over 3,000 international and national patent applications and many world-leading technologies in various areas of technological innovation. Under the guidance outlined in the new blueprint of its "Finance + Technology" strategy, Ping An uses 5 technologies, including artificial intelligence (AI), big data, cloud platforms, block chain and biometrics, and applies these technologies in FinTech and HealthTech areas. While enhancing the competitiveness of traditional financial business by applying its technological achievements, Ping An also exports its leading technologies, and continuously incubates open Fintech and Healthtech platforms and ecosystems for the industries and society at large. A number of the Group's technological applications have also been exported to foreign countries.

At present, Ping An Good Doctor is the world's leading healthcare portal in terms of traffic, with over 190 million registered users and more than 30 million monthly active users. Ping An Healthcare Technology's business covers 800 million people across 70% of the cities in China. It provides comprehensive healthcare and business insurance management services such as expense control service, actuarial service, healthcare insurance account service, medical resources management and health profile application to over 250 cities. One Connect has provided more than 2,300 financial institutions (including over 420 banks) with one-stop FinTech solutions so far. Its institutional platform has recorded transactions of more than RMB12 trillion. It has successfully achieved leapfrog growth in different areas, including the volume of transactions, the number of cooperating institutions and the number of customers.


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