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MENA Press Releases

Zenvia Inc. Announces Pricing of Initial Public Offering

SÃO PAULO, July 22, 2021 /PRNewswire/ — Zenvia Inc. (“Zenvia”), a customer experience communications platform that empowers businesses to create unique journeys for their end-customers along their life cycle across a broad range of B2C verticals throughout Latin America, today announced the pricing of its initial public offering of 11,538,461 Class A common shares at a public offering price of US$13.00 per share (the “Offering”). The underwriters have the option to purchase up to an additional 1,730,769 Class A common shares from Zenvia at the initial public offering price, less underwriting discounts and commissions.

Zenvia Class A common shares are expected to begin trading on the Nasdaq Capital Market on July 22, 2021 under the ticker symbol “ZENV,” and the offering is expected to close on July 26, 2021, subject to customary closing conditions.

Concurrently with and contingent upon the completion of the Offering, Twilio Inc. has agreed to purchase 3,846,153 additional Class A common shares to be issued by Zenvia in a private placement exempt from registration under the Securities Act of 1933, as amended, at a price equal to US$13.00 per Class A common share. We expect that this concurrent private placement will close shortly after the consummation of the Offering.

A registration statement relating to this Offering has been filed with and declared effective by the Securities and Exchange Commission on July 21, 2021. Copies of the registration statement can be accessed through the Securities and Exchange Commission’s website at www.sec.gov.

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Banco Bradesco BBI S.A., Itau BBA USA Securities, Inc. and UBS Securities LLC are acting as global coordinators for the proposed Offering and XP Investments US, LLC is acting as joint bookrunner for the proposed Offering.

The Offering of these securities is being made only by means of a written prospectus forming part of the effective registration statement, copies of which may be obtained from any of the following sources:

  • Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526, facsimile: 212-902-9316 or by email at prospectus-ny@ny.email.gs.com; or
  • Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email to: prospectus@morganstanley.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Zenvia

Zenvia is driven by the purpose of empowering companies to create unique experiences for customer communications through its unified end-to-end platform. Zenvia empowers companies to transform their existing customer communications from non-scalable, physical and impersonal interactions into highly scalable, digital first and hyper contextualized experiences across the customer journey. Zenvia’s unified end-to-end CX communications platform provides a combination of (i) SaaS focused on campaigns, sales teams, customer service and engagement, (ii) tools, such as software application programming interfaces, or APIs, chatbots, single customer view, journey designer, documents composer and authentication and (iii) channels, such as SMS, Voice, WhatsApp, Instagram and Webchat. Its comprehensive platform assists customers across multiple use cases, including marketing campaigns, customer acquisition, customer onboarding, warnings, customer services, fraud control, cross-selling and customer retention, among others. As of March 31, 2021, Zenvia served more than 10,100 active customers throughout Latin America.

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Categories
MENA Press Releases

LG Earns AHRI Performance Award for Fourth Straight Year

Recognition from Respected Industry Body Demonstrates LG’s Continuing Excellence in Commercial and Residential HVAC Solutions

SEOUL, South Korea, July 22, 2021 /PRNewswire/ — LG Electronics (LG) has been recognized by the Air-Conditioning, Heating & Refrigeration Institute (AHRI) with the Performance Award for the fourth straight year, with all 57 LG HVAC models tested passing the organization’s comprehensive performance evaluation.

LG Electronics (LG) has been recognized by the Air-Conditioning, Heating & Refrigeration Institute (AHRI) with the Performance Award

Founded in 1953, AHRI is a respected trade association representing global manufacturers of HVAC, refrigeration and water heating solutions. AHRI currently boasts more than 350 member companies – including all of the industry’s top names – and its product evaluation and certification programs are trusted by B2B and B2C customers worldwide.

For the Performance Award, AHRI calls on the experts at Intertek, a leading standards and certification organization, to assess whether actual product performance matches up with the listed specifications. AHRI randomly selects 20 percent of models within each (manufacturer-specified) product category. Only those companies whose offerings have passed the primary performance evaluation for three years consecutively are eligible for the Performance Award.

A total of 57 LG HVAC solutions across seven product categories passed AHRI’s evaluation for the third year in a row (2018 to 2020). The tested models belong to the following categories: Variable Refrigerant Airflow (VRF), Variable-Speed Mini-Split and Multi-Split Air Conditioners, Packaged Terminal Air-Conditioners (PTAC), Packaged Terminal Heat Pumps (PTHP), Water-Cooled Chillers, Air-Cooled Chillers, and Room Fan Coil Units.

LG Multi V 5

One of the products tested was Multi V, LG’s flagship large-capacity outdoor unit, which employs the company’s very own Ultimate Inverter Compressor to deliver strong performance and energy efficiency. Especially popular in regions where winter can be long and harsh, LG’s VRF system provides reliable heating operation, even in temperatures as low as negative-30 degrees Celsius (negative-22 degrees Fahrenheit).

Also evaluated was LG Multi V Water, a water source cooling system with a plate-type heat exchanger for better thermal efficiency. The company’s solution also saves energy by adjusting the volume of water heated/cooled based on the number of outdoor units in operation.

A third product to pass AHRI’s assessment, LG’s air-cooled Inverter Scroll Chiller is a highly-efficient solution powered by advanced inverter technology. With a footprint of only 1.6 square meters (20-refrigerator ton model), the company’s compact unit delivers a high level of performance without taking up a significant amount of space.

“LG has been solidifying its excellent reputation in the North American HVAC market on the back of its exceptional, in-house-developed technologies, and has recorded steady growth for twelve consecutive years,” said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. “We will continue to strengthen our competitiveness in the region and around the globe through HVAC solutions that provide the highest levels of performance, durability and flexibility.”

About LG Electronics Air Solution Business Unit

LG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized and eco-conscious HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.LG.com.

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Categories
Africa MENA Press Releases South Africa

UL Collaborates with WIZZIT Digital to Advance Retail Payments in Sub-Saharan Africa with Launch of a SoftPOS with PIN Mobile Payment Solution

UL and WIZZIT Digital help speed deployment of contactless payments to help drive financial inclusion and empower merchants of all sizes realize their ambitions.

JOHANNESBURG, July 22, 2021 /PRNewswire/ — UL, the global safety science leader, has announced that WIZZIT Digital, a digital payments company, has launched a Tap2Pay software point-of-sale (SoftPOS) solution with personal identification number (PIN) entry support. This solution transforms commercial off-the-shelf (COTS) devices into point-of-sale (POS) payment terminals. Tap2Pay is the first SoftPOS solution developed in South Africa that supports PIN entry and is recognized by Visa and Mastercard. WIZZIT Digital has now gone live with an initial launch customer, one of the largest Pan-African commercial banks.

UL has announced that WIZZIT Digital has launched a Tap2Pay software point-of-sale (SoftPOS) solution with personal identification number (PIN) entry support. This solution transforms commercial off-the-shelf (COTS) devices into point-of-sale (POS) payment terminals. Tap2Pay is the first SoftPOS solution developed in South Africa that supports PIN entry and is recognized by Visa and Mastercard.

To navigate the complexities of bringing a SoftPOS solution to market, UL supported the Tap2Pay solution from development to marketplace entry. In the initial stages, UL provided advisory services to help WIZZIT Digital navigate the payments regulatory landscape and meet the payment schemes’ requirements. When Tap2Pay was ready for functional testing, UL tested it with a range of scheme-accredited tools to provide feedback on potential issues. Following debugging and troubleshooting, UL provided functional testing services and helped WIZZIT Digital gain Visa pilot type approval. After functional approval, UL’s security laboratories evaluated the solution for Mastercard’s and Visa’s security pilot programs. These tests and evaluations against scheme requirements allowed WIZZIT to bring the solution to market.

UL evaluation confirmed that the Tap2Pay solution met key security requirements before entering the marketplace. This included helping to affirm the security of payment data obtained through a near-field communications (NFC) interface and a contactless kernel of the COTS device. The solution’s security mechanisms, controls and mitigations protect the consumer’s account data and other assets.

Tap2Pay enters the market at a time when demand for contactless payment solutions is increasing. According to Deloitte, the COVID-19 pandemic has made the need for digitizing payments more critical than ever. However, many emerging markets are facing card acceptance challenges. Deloitte also noted that in South Africa approximately 90% of the 100,000 nationwide shops in the informal sector only accept cash. To meet customer demand and increase card acceptance by the smaller business market, including merchants in rural areas, needs an affordable solution.

UL Logo

Jako Fritz, principal security adviser at UL, said, “SoftPOS is an entirely new approach to digital payments lowering the barrier of entry for merchants to accept contactless card transactions. Cloud computing, as well as the Europay, MasterCard and Visa protocol, allows the shift from traditional physically secure POS to software-based COTS transaction processing. These solutions will help micro and small business owners and merchants around the world meet the demands of an increasingly cashless society more securely with minimal investment.”

Explaining how Tap2Pay addresses an unmet market need, Brian Richardson, CEO and co-founder of WIZZIT Digital, said, “For almost two decades, we have been working with banks and financial institutions in emerging markets, including many countries in Africa. Our experience has taught us two things. Firstly, consumers and banks want the protection of a PIN when conducting contactless transactions. With cyberfraud on the rise, a PIN offers a universally accepted layer of security that people trust. Secondly, traditional cashless payment solutions are too expensive for micro and small merchants.

“For smaller merchants, the initial investment in terminals and the ongoing maintenance costs are simply too high. Tap2Pay SoftPos with PIN removes this barrier, enabling merchants of any size to accept cashless payments. This will ultimately help them attract more customers, including those who don’t want to pay cash for goods and services, for a fraction of the cost,” said Richardson.

About UL
UL is the global safety science leader. We deliver testing, inspection and certification (TIC), training and advisory services, risk management solutions and essential business insights to help our customers, based in more than 100 countries, achieve their safety, security and sustainability goals. Our deep knowledge of products and intelligence across supply chains make us the partner of choice for customers with complex challenges. Discover more at UL.com.

For information about Standards development and other nonprofit activities, visit UL.org.

Press contacts:
Steven Brewster
UL
ULNews@UL.com
+1.847.664.8425

Christina Bostock
IHC
christina@ih-c.com
971.55.887.3054

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Categories
Government Policy

Foreign ministry voices solidarity with China due to deadly floods

The Ministry of Foreign Affairs and Expatriates, on Thursday, voiced Jordan’s solidarity with the People’s Republic of China due to floods that swept through the country, causing a number of causalities and homeless persons.

The ministry voiced the Kingdom’s deepest condolences to the families of the victims, wishing the injured a speedy recovery.

Source: Jordan News Agency

Categories
Health

Health minister checks on healthcare services in Mafraq governorate

Health Minister Firas Hawari, on Thursday, checked on healthcare services provided to citizens in Mafraq Public Hospital, Northern Badia Public Hospital and Al-Khalidya Healthcare Center.

The minister was briefed by the medical facilities’ cadres on the hospitals’ needs, urging the concerned authorities to provide the best medical services to patients.

Source: Jordan News Agency

Categories
Health

Jordan registers and COVID-19 related deaths, 400 infections on Thursday

and new deaths and 400 cases of the coronavirus disease (COVID-19) were recorded in Jordan on Thursday.

With today’s fatalities and infections, the caseload and death toll from the disease have increased to 9,929 and and63,106 respectively, since the outbreak began in March of 2020, according to the Ministry of Health daily brief.

The number of cases that required admission to hospitals today stood at and1, while 49 cases have recovered and been discharged from hospitals.

On the capacity of hospitals in the Kingdom, the brief said that the occupancy rate of isolation beds in the northern region was at 6 per cent, intensive care beds 19 per cent and ventilators 13 per cent.

In the Central region, isolation beds were at an occupancy rate of 15 per cent, ICU beds at 26 per cent and ventilators 9 per cent, it said.

In the south, it added, the occupancy rate of isolation beds reached 10 per cent, ICU beds 8 per cent and ventilators 4 per cent.

It said that 16,955 PCR tests were collected today, bringing the total number of tests conducted since the start of the pandemic to 8,292,and33, and that the positivity rate today was about 2.36 per cent.

Source: Jordan News Agency