Daily Archives: August 14, 2017

GAC Motor’s Sales and Dealership Satisfaction Tops J.D. Power China’s Index

Customer-oriented strategy leads to global success

GUANGZHOU, China, Aug. 14, 2017 /PRNewswire/ — China’s fastest growing automaker, GAC Motor, has been ranked seventh on the newly released 2017 J.D. Power China Sales Satisfaction Index (SSI) in the mass market category, the highest place received by a Chinese auto brand.

GAC Motor received the highest place among Chinese auto brands, ranking seventh on the 2017 J.D. Power China SSI in the mass market category

On the SSI, which offers a complete perspective on automotive sales and delivery processes, J.D. Power China has recognized GAC Motor’s integrated sales network and comprehensive after-sales services. As June of 2017, GAC Motor has more than 470 dealers worldwide and that number is expected to reach 520 by the end of 2017. With the establishment of cluster network stores, the company now has nearly800 locations that can provide sales and after-sales service to customers.

GAC Motor also received a score of 934 in J.D. Power’s Dealership Satisfaction Index (DSI), the highest in the industry.

Yu Jun, president of GAC Motor, noted that China is now the most important automotive market globally, and these successes are the result of the company’s customer-oriented strategy.

“This strategy has guaranteed that our sales and service teams provide the best quality experience for our customers worldwide. By building all-around teams, cultivating young talent and creating an information feedback system, we can make GAC Motor a world-class auto brand.”

GAC Motor’s customer-first principle has also led to success in the international market. By visiting and surveying international markets to adjust strategies, resources allocation, technology utilization and dealership policies accordingly, GAC Motor has been able to continuously improve the localization of its vehicles, sales and services.

In 2017, GAC Motor opened a flagship store and SKD factory in Nigeria to provide services tailored to the Nigerian market. Soon after, Dangote Group, the largest manufacturing conglomerate in West Africa, established a partnership with GAC Motor to buy vehicles for corporate use.

GAC Motor has also deployed a standardized management strategy across its global dealership network, after-sales services, market support teams and customer service representatives to satisfy the needs of all customers.

“In the future, GAC Motor plans to add more service centers and dealers to the global network, realizing a rational distribution of its industrial chain that sticks to its customer-oriented strategy,” said Yu. “We will build an international brand and promote experiential marketing while choosing international dealers based on our after-sales services system and capabilities.”

With the goal of launching more models to meet market demand, GAC Motor will offer ever-more options to consumers, including its robust SUV GS7 and subcompact SUV GS3, which will be released in August.

About GAC Motor

A subsidiary of GAC Group, GAC Motor develops and manufactures premium quality vehicles, engines, components and auto accessories, achieving a year-to-year growth rate of 96 percent in 2016, the highest among all Chinese brands in the corresponding period. GAC Motor now ranks the highest among all Chinese brands for four consecutive years and fifth among all global brands in J.D. Power Asia Pacific’s 2016 China Initial Quality Study.

For more information, please visit:

Facebook: https://www.facebook.com/GACMoto
Instagram: https://www.instagram.com/gac_motor
Twitter: https://twitter.com/gac_motor

Media Contact:

Sukie Wong
+86-186-8058-2829
sukie_gacmotor@126.com

Taki Jiang
+86-134-5028-4242
takijiang@126.com

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Dragos, a Global Industrial Control System Cybersecurity Startup, Raises $10 Million in Series A Venture Capital

Funding Provided by Energy Impact Partners, Allegis Capital and DataTribe

Dragos Is Building the First Industrial Cybersecurity Ecosystem

HANOVER, Md., Aug. 14, 2017 (GLOBE NEWSWIRE) — Dragos Inc., (pronounced Dray-gohs), an industrial control system (ICS) cybersecurity company made up of industry experts with the vision of securing global industrial infrastructure, announced today that it has received a $10 million Series A round of venture capital from co-lead investors Energy Impact Partners (EIP) and Allegis Capital, with additional support from DataTribe, a cybersecurity startup studio that initially funded Dragos.

The Series A round will be used to increase the company’s workforce to meet rising customer demand, generated in part through key partnerships with Deloitte, the global audit and financial advisory services firm, and CrowdStrike Inc., a leader in cloud-delivered endpoint protection.

Dragos is the first ICS cybersecurity investment by EIP, which focuses on investments that seek to optimize energy consumption and improve sustainable energy generation.

CRASHOVERRIDE AND DRAGOS REPORT

Dragos has attracted attention for recently producing a report on CRASHOVERRIDE, the malware used to temporarily interrupt power in the Ukraine in a widely publicized cyber-attack last December. CRASHOVERRIDE is the only known malware that disrupts the electrical grid and only the fourth known type of malware to be specifically tailored toward ICS overall.

Founded May 2016 and funded until this point with a seed round of $1.2 million from DataTribe, Dragos has built the first industrial cybersecurity ecosystem. This consists of three core offerings and an assessment tool – the Dragos Platform, the Dragos Threat Operations Center, Global ICS Intelligence, and CyberLens network assessment software. This combination gives customers access to technology to monitor and respond to threats in the ICS, along with intelligence to make informed decisions about threats. Services range from threat hunting to incident response, as well as lightweight software for routine assessments.

The company’s biggest technological differentiator is its behavioral analytics. Instead of “anomaly detection” and other types of machine learning-driven technologies that are hitting the market, the approach of Dragos is to codify human experience facing human adversaries. It identifies adversary tradecraft and turns it into behavioral analytics. As a result, defenders get context of what is going on and recommendations on what to do next, not merely a series of alerts.

“Dragos exists to safeguard civilization,” said Robert M. Lee, the CEO of Dragos.  “Critical infrastructure powers the global economy and the fabric of modern society. We all strongly believe that civilian infrastructure should be off limits to any adversaries, no matter where the infrastructure is located in the world.”

Dragos was founded by ICS cybersecurity experts Lee, Jon Lavender and Justin Cavinee, all veterans of the U.S. intelligence community. There they established a first-of-its-kind mission for the U.S. government to identify, analyze and respond to nation-states launching ICS-focused cyberattacks.

“Industrial control systems are unique unto themselves – hybrid digital and analog environments with very different operational temperaments,” said Bob Ackerman, the founder and a Managing Director of cybersecurity investment specialist Allegis Capital. “Unless you have lived your life in this environment, you can’t truly appreciate how different or complex ICS systems are.  With Dragos, we invested in the “A” team.”

“Protecting the integrity of the grid has always been a top priority for utility operators,” said Sameer Reddy, a Vice President at EIP and co-leader of the Series A financing. “One of the critical challenges is access to sufficient human capital. The Dragos platform, which is built and managed by true ICS cybersecurity experts, provides significant force multiplication to ICS operators around the world.”

“Energy is essential to our economy and way of life. As a result, energy infrastructure is increasingly a target,” said Thomas A. Fanning, Chairman, President and CEO of Southern Company. “As a founding investor in Energy Impact Partners, Southern Company is proud to support enhancing the resiliency of critical infrastructure, in order to better protect the communities where we live and serve.”

About Dragos Inc.

Dragos Inc., based in Hanover, Md., is the trusted authority on threats to industrial networks (ICS/IoT). The Dragos Platform is an on-premise or cloud-based security technology that continually and passively collects data to perform asset identification, detects cyber threats through industrial specific behavioral analytics, and enables better efficiency and effectiveness of security personnel through the codification of automated workflows, best practices and incident response procedures. The Dragos Platform is continually enhanced through the Dragos Threat Operations Center, a team of experts providing services that include incident response, threat hunting, and compromise assessments. Both are backed by Dragos Intelligence, which allows for the analysis of adversary intrusions and provides the industry with weekly threat intelligence reports and adds new behavioral analytics to the Dragos Platform. For more information, visit https://dragos.com.

About Energy Impact Partners

Energy Impact Partners is a collaborative strategic investment firm that invests in companies optimizing energy consumption and improving sustainable energy generation. Through close collaboration with its strategic investor base, EIP seeks to bring the best companies, buying power and vision in the industry to bear on the emerging energy landscape. EIP’s utility partners include Southern Company, National Grid, Xcel Energy, Ameren, Great Plains Energy, Fortis Inc., AGL, Avista, MGE Energy Inc., TEPCO, PTT Public Company Limited, OGE Energy Corp., TransCanada, and Alliant Energy. For more information, visit www.energyimpactpartners.com.

About Allegis Capital 

Allegis Capital is a premier, early-stage venture firm that invests solely in cybersecurity and was the first venture fund to focus strictly on cyber. In addition to Dragos, current investments include Area 1, Bracket Computing, Callsign, Cyber GRX, E8 Security, RedOwl, Shape Security, Signifyd, Synack, tCell.io and vArmour. Allegis is also a founding partner in DataTribe, a cybersecurity startup studio based in Fulton, Maryland. Allegis Capital is based in San Francisco. For more information, visit www.allegiscap.com or Twitter at @AllegisCapital.

About DataTribe

DataTribe, based in Fulton, Maryland, and Silicon Valley, is a cybersecurity startup studio formed with the mission of combining breakthrough innovation in cybersecurity, Big Data and analytics. The technological base of its startups emerge from federal agencies, such as the National Security Agency, or from government research labs.  DataTribe draws upon Silicon Valley start-up expertise to help create, define and lead new market segments. As an operating company, it directly takes on the task of building startups from concept to initial customer deployments while significantly lowering risk and preserving returns. For more information, visit www.datatribe.com.

For media inquiries, contact Jennifer Jones at jennifer@jenniferjones.com.
Cell: 650-465-5831

Mars Food to Acquire Majority Stake in Tasty Bite®

BRUSSELS, Aug. 14, 2017 /PRNewswire/ — Mars Food has signed a definitive agreement today to acquire Preferred Brands International, a Stamford, Connecticut-based, fully integrated manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite® brand.https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_qw4ui9vl/def_height/400/def_width/400/version/100011/type/1

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Tasty Bite’s® portfolio includes a wide range of vegetarian offerings, including Indian/Asian entrees, spice and simmer meal kits, and organic rice and lentils. While the majority of sales are generated in North America, Preferred Brands International also manufactures products that are sold through retailers in the UK and Australia and through foodservice in India.

Today’s agreement brings together two strong food businesses focused on delivering healthy, tasty, and convenient foods that bring inspiration and enjoyment to the world’s dinner table. Mars Food, a segment of Mars, Incorporated, has a broad portfolio of brands loved by consumers around the world, including ready-to-eat and dry rices and grains, sauces, meal kits, meal helpers, and spices under the brands UNCLE BEN’S®, MASTERFOODS®, DOLMIO®, SEEDS OF CHANGE®, and others.

Tasty Bite® manufactures products out of its Pune, India manufacturing facility and exports the majority of its products to the US. Preferred Brands International also enjoys a significant foodservice business under which it supplies food products to other leading food manufacturers and quick service restaurants in India.

Tasty Bite® has a subsidiary which is listed on the Bombay Stock Exchange and the National Stock Exchange of India. This subsidiary will continue to be listed after the acquisition.

“Tasty Bite’s® broad range of dinner time products, focused on Indian and Asian cuisines, makes it a natural complement to our existing portfolio,” said Mars Food Global President Fiona Dawson. “Tasty Bite® is a fast growing Indian/Asian dinner time brand. Upon closing of the acquisition of Tasty Bite®, Mars Food will expand our all-natural vegetarian offerings in the US, and leverage Tasty Bite’s® strong product development pipeline, flavor expertise, and strategic sourcing of quality ingredients throughout our portfolio.”

“We’re thrilled to be joining the Mars Food family,” said Tasty Bite CEO Ashok Vasudevan. “The nearly quarter century of uninterrupted growth of Tasty Bite since its inception was powered by our deep commitment to sustainable practices and to the pursuit of consumer delight.

“Mars is one of the largest food companies in the world and a recognized leader and role model for corporate sustainability. Mars Foods’ strong brand portfolio, global infrastructure, and shared values makes it well-positioned to take Tasty Bite to the next level.”

The acquisition of Preferred Brands International is subject to applicable regulatory approvals and is expected to close by Q4 2017. Morgan Stanley & Co. LLC served as financial advisor to Mars Food. Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to Mars Food, and AZB & Partners served as India legal advisor. Tasty Bite® was represented by Goldman Sachs, The Giannuzzi Group, and Shardul Amarchand Mangaldas.

About Mars Food

Mars Food is a segment of Mars, Incorporated with approximately 2000 Associates and 11 manufacturing sites. Mars Food’s 12 brands are available in 28 countries, and include some of the world’s best-known names in food, including UNCLE BEN’S®, DOLMIO®, SEEDS OF CHANGE®, MASTERFOODS®, SUZI WAN®, EBLY®, ROYCO®, KAN TONG®, AND RARIS®. Global headquarters are located in Brussels, Belgium, and North America headquarters are in Chicago, Illinois.

About Preferred Brands International and Tasty Bite

Preferred Brands International (PBI), is a Stamford CT-based food company that manufacturers and markets Tasty Bite® and a range of natural, convenient, and specialty foods with more than 100 SKUs. The Tasty Bite consumer business includes shelf-stable Indian & Asian entrees, Organic Rices & Grains, Asian Noodles, and a Spice & Simmer sauce kit range. The products are available in most major grocery stores and supermarkets across North America, Australia, New Zealand, and the UK.

The Tasty Bite Foodservice business (TFS) is headquartered in India, and its product range includes sauces and frozen formed products. Today TFS is an award-winning partner of choice to leaders in the QSR industry.

Every product that carries the Tasty Bite® brand is all-natural. Many are organic and none have artificial ingredients like preservatives, colors, flavors, or GMOs.

All manufacturing is done in PBI’s subsidiary in India – Tasty Bite Eatables Ltd (TBEL). TBEL is a public company listed (TSTY:IN) on the Bombay Stock Exchange. Its 33-acre campus outside Pune includes a state-of the art manufacturing facility, the accredited Tasty Bite Research Center, a 25-acre organic farm, and a sustainability and farmer training center. The company is deeply committed to sustainable practices and consumer delight.

PBI has a record of uninterrupted growth since it was founded 23 years ago.

Trina’s PV Modules Operational in The Sustainable City in Dubai

– Solar installation of 10MW set to power several facilities, including residential villas and leisure complexes

DUBAI, United Arab Emirates, Aug. 14, 2017 /PRNewswire/ — Trina Solar’s PV modules have commenced operations in the 10MW Sustainable City in Dubai, an innovative project that serves as living proof that developing a community where energy needs are to be met entirely through clean energy sources is possible. With several facilities, including 500 residential villas, 170-room hotel, mosque, school, swimming pool and an equestrian club and track, the proposed residential and commercial complex is tagged as one of the largest sustainable cities in operation to date in Middle East.

Trina’s PV Modules Operational in The Sustainable City in Dubai

Given the harsh environmental conditions in Middle East, the installation will be made up of 40,000 Duomax panels – a solution which has long been renowned for its durability and reliability. Duomax panels feature a first-of-type frameless design, ensuring no dust accumulation and requires minimum amount of cleaning thereby adhering to the city’s sustainable and environment friendly design standards. The dual glass design of Duomax secures the project design life of 30 years backed with Trina’s performance warranty.

Built by Diamond Developers, one of the first companies in Dubai to enter the freehold property and real estate development industry since the introduction of freehold property ownership in 2002, the Sustainable City is billed as Middle East’s first operational sustainable community, built on a 5-million square foot complex located 18 miles from Dubai City and expected to host a population of around 2000. With several large scale installations to its name, Trina Solar was the developer’s choice for a 40,000-panel solar array, estimated to produce around 16GWh per annum.

“Trina Solar is incredibly proud to have been the major contributor to this community’s energy needs” said Ms. Helena Li, President, Asia Pacific & Middle East. “Solar power is expected to be a significant contributor to Dubai’s ambitions to become the world’s most sustainable city by 2020. As a result, the government has looked towards smarter living initiatives, particularly in a desert environment, and we are delighted to have supported them in achieving their clean energy vision through our innovative solar products. The Sustainable City is a ground-breaking initiative in ensuring that the city’s growth and development continues responsibly. With Trina Solar’s supply, a significant portion of the residents’ energy needs are being met for a cleaner, lower cost, and more sustainable future.”

Anwar Zabin, CEO of City Solar, commented: “The completion of phase 1 is a momentous milestone in our work within The Sustainable City with the installation of 24,170 solar panels so far. Our work continues and we look forward to embarking on phase two, which will see the installation of further 15,000 solar panels. We are building up to our total goal of 40,000 solar panels, which will eventually produce up to 10 MW of power at maximum capacity. The energy produced per year will be equivalent to 16,000 MW contributing to the reduction of carbon emissions by 8,000 tonnes per year.

About Trina Solar Limited

Trina Solar Limited is a global leader in solar photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. For more information, please visit www.trinasolar.com. E-mail: press@trinasolar.com

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