Archive for the ‘Agreements and Contracts concluded’ Category

Luxoft Holding launches new platform together with Vantage Power

Friday, September 21st, 2018

Luxoft Holding, Inc., global IT service provider having its registered office in the British Virgin Islands, and Vantage Power who designs and manufactures technologies for connection of powertrains in heavy-duty vehicles, launch VPVision, a next-generation fleet performance and diagnostics platform designed to improve performance and reliability of hybrid and electric heavy-duty vehicles.

The VPVision platform is already successfully tested on hybrid London buses, using Amazon Web Sevices (AWS) to help reduce vehicle emissions. It combines in-depth technical knowledge of hybrid and electric powertrain components, including lithium-ion batteries, with cloud based telemetry software. By using AWS Luxoft designed software set that includes remote fault diagnostics, performance optimization, prognostics, geo-fencing and over-the-air software updates.

Luxoft Holding and Pegasystems Inc. creating new mobility services platform

Friday, June 15th, 2018

BVI-registered IT service provider Luxoft Holding, Inc. and Pegasystems Inc., the software company providing customer engagement at the world’s leading enterprises, have established a partnership to make the cloud-based mobility services platform for carmakers. The platform will change the focus from using software to change the in-car user experience to creating a holistic customer experience that covers every customer touchpoint.

Mikael Söderberg, Senior Technical Director, of Luxoft Automotive, said in his comments: “This platform acts as a blueprint that allows carmakers to own the customer experience by making more out of their customer data. By taking control of their software, carmakers can shape how people interact with their brand from the point of purchase.”

The mobility services platform will incorporate different features including rider management, service management, predictive diagnostics, mobile communication, and mobility services. It can be integrated into other cloud platforms, and can personalize the car by associating attributes to the user’s individual profile. It will be based on Pega Platform™, the industry-leading application development platform, and integrated with Luxoft’s Linux-based open source platform.

Talon Metals entered into Promissory Note with Resource Capital Fund

Sunday, April 1st, 2018

Talon Metals Corp., a TSX-listed company incorporated in the British Virgin Islands, has entered into an unsecured non-convertible Promissory Note with Resource Capital Fund. The Promissory Note in the amount of USD$1,000,000 matures on November 25, 2018, and has an interest rate of 12% per annum. There are no other commissions or fees payable in connection with the issuance of the Promissory Note. The proceeds will be used for general working capital purposes. The TSX has accepted notice of the Promissory Note subject to certain standard conditions.

Pursuant to Multilateral Instrument 61-101- Take Over bids and Special Transactions, RCF is a related part of the BVI company, and Talon Metals is not required to obtain a formal valuation and to obtain minority shareholder approval in connection with the Promissory Note.

BVI company received Cloud-based Ad Terminal Order for Guangxi Autonomous Region

Friday, March 9th, 2018

China Information Technology, Inc., the BVI-incorporated company providing internet-based ad distribution and ad display terminal sharing systems in China, entered into a contract for the sale of 1,500 cloud-based ad terminals to be installed in office buildings and residential communities in Yulin, which is one of the political and economic centers of Guangxi Autonomous Region.

The contract signed with Yulin Taoping IoT Technology Limited is expected to generate sales and service revenue to CNIT of about $0.5mln. This is the second contract of BVI company’s cloud-based terminal for Guangxi region, which followed the $1mln order received in November 2017, and the twenty-second contract on the sale of CNIT’s cloud-based ad terminals since May 2017. Each sale is expected to generate recurring service and commission revenue from customers’ use of Company’s Yunfa advertising distribution system and Taoping Net/App ad screen sharing platform.

BVI company’s CEO and Chairman Mr. Jianghuai Lin said in his comments: “With successful execution of our market strategy in the prior year, proven track record and the new addition of our Taoping new-media ecosystem, CNIT is currently experiencing accelerated market demands for our cloud-based ad terminals and solutions.”