Press Releases: Joint Statement on United States-Republic of Korea Bilateral Cyber Policy Consultations


The text of the following statement was issued jointly by the Governments of the United States of America and the Republic of Korea on the occasion of the United States-Republic of Korea Bilateral Cyber Policy Consultations on August 26, 2014.

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The Governments of the United States and the Republic of Korea held the third bilateral Cyber Policy Consultations in Seoul, Republic of Korea (ROK) on August 26, 2014. The United States head of delegation was Christopher Painter, Coordinator for Cyber Issues at the Department of State, and he was joined by representatives of the Departments of Defense, Homeland Security, Commerce, and Justice. Ambassador Daniel Sepulveda, U.S. Coordinator for International Communications and Information Policy, also joined the consultations. The ROK delegation was led by Ambassador for International Security Affairs at the Ministry of Foreign Affairs, Choi Sung-joo who was joined by representatives of the Ministry of Science, ICT and Future Planning, Ministry of National Defense, Supreme Prosecutor’s Office, and the Korea Internet Security Agency.

The Cyber Policy Consultations reinforced the cooperation between the United States and ROK on a wide range of cyber issues, including the assessment of cyber threats, development of international norms of state behavior in cyberspace and cyber confidence-building measures, cooperation in building the cybersecurity capacity of developing countries, Internet governance and the importance of a multistakeholder approach, cooperation in enhancing cybersecurity, including that of critical infrastructure, and cooperation in international fora, such as the 2015 Netherlands Conference on Cyberspace. In addition, the delegations of the United States and the ROK discussed issues of common interest on the upcoming ITU Plenipotentiary Conference to be held in Busan, Korea in October 2014. Delegations also reviewed the progress made in the U.S.-ROK Cyber Defense Policy Working Group and looked forward to the second U.S.-ROK Information and Communications Technology (ICT) Policy Forum that will be held in Seoul.

Both sides reaffirmed their shared objective of an open, interoperable, secure, and reliable cyberspace, including continued support for the multistakeholder model of Internet governance. Coordinator Painter and Ambassador Choi agreed to hold the next Cyber Policy Consultations in Washington, DC in 2015.

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India to pilot Deutsche Post DHL’s e-commerce solutions for Asia Pacific

Investment in infrastructure and new delivery options to lay foundation for global e-commerce leadership in fastest-growing logistics sector

SINGAPORE and MUMBAI, Aug. 26, 2014 /PRNewswire/ -- Deutsche Post DHL, the world's leading mail and logistics group, has chosen India to pilot the development of its e-commerce business model for Asia-Pacific. Through its subsidiary Blue Dart Express, already a national leader in door-to-door delivery, DPDHL 's business unit DHL eCommerce  is investing in infrastructure and the development of fulfillment centers, multiple delivery and payment options as part of its aim to become the preferred global provider of e-commerce related services including e-fulfillment and e-facilitation.

Frank Appel, CEO, DPDHL, said:  "Globally, e-retail is rapidly evolving. Over the next five years, the global e-commerce sector is expected to grow by more than 10 per cent per annum with Asia Pacific leading the way. This region is expected to soon surpass North America and Europe as the biggest online market in the world. As the leading logistics company with an unsurpassed global footprint, there's a huge opportunity for us to become the world's leading provider of e-commerce logistics and we have a ready solutions infrastructure in India to pilot our solutions."

Blue Dart Express is well positioned to pilot e-commerce in India and models for Asia Pacific.  The leader in door-to-door delivery solutions and South Asia's premier express air and integrated transportation and distribution company, Blue Dart services over 34,154 locations in India.

Investing in infrastructure and new delivery options

By 2025, e-commerce share of overall trade volume of emerging markets will be up to 30 percent (40 percent in developed countries), according DPDHL's report 'Global E-Tailing 2025'[1].

Malcolm Monteiro, CEO, DHL eCommerce Asia Pacific said: "With 250 million Internet users, Indian e-commerce remains underdeveloped, with online shopping valued at EUR 2.3 billion in 2013. This is expected to grow to EUR 4.1 billion by 2018, a CAGR of 12.3 per cent in 5 years[2].  All countries across Asia are in different evolutionary stages when it comes to e-commerce. We need to adapt our service portfolio within the region accordingly." 

In India, DHL eCommerce, working closely through Blue Dart will invest in developing multiple delivery options and cash on delivery capabilities. These two key needs were identified by India's top online shoppers - male, high-income, young urbanites - as part of a 20-country consumer survey on international distance selling 'Shop the World', carried out by DHL eCommerce to provide a deeper understanding of the home shoppers' journey.

Anil Khanna, Managing Director of Blue Dart Express Ltd, said: "Blue Dart's unrivaled domestic delivery system and network capabilities in India provide the perfect base for piloting the development of region wide e-commerce solutions. We are working closely with leading brands, market place sellers and retailers to help them establish a sustainable e-commerce footprint. That's why we are investing in the right infrastructure - including IT - to build the right model for consumers and sellers."

Tapping India's eCommerce potential with India-specific insights

According to 'Shop the World', online purchases in India are limited largely to consumer electronics, fashion and media products with shopping by smart phone the norm. Indians' main reasons for online shopping are overcoming geographical restrictions on choice and unlimited shopping hours -- although the biggest negative was unknown quality of online products. E-shoppers in India revealed delivery expectations that were higher than the global average. Despite the country's size, Indian shoppers expect delivery within 5 days (global average 6.5 days), parcel tracking options and free delivery. The average rate of return of goods also scored higher than the global average at 29.5 per cent with poor quality or defects the number one reason for returns.

The survey also identified growth opportunities in the development of online payment systems -- cash on delivery or cards being India's top payment choice -- and in international sales. The majority of Indian e-commerce is domestic with only a third of consumers having ordered overseas. This is set to grow with more than half planning to place an international online order with US being the number one target market.

[1]DPDHL, Z_punkt and See More, Global E-Tailing 2025 Study 2014 http://www.dpdhl.com/content/dam/global-etailing-2025_en.html

[2]DHL,Shop The World Study 2014 http://www.dhl.com/en/campaigns/globalmail/shop_the_world.html?WT.mc_id=SHOPTHEWORLD_GO_EN_OFFLINE_002   ((Source: The World Bank 2012 &Euromonitor International)

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DHL - The logistics company for the world

DHL is the global market leader in the logistics and CEP industry and "The logistics company for the world". DHL commits its expertise in international express, national and international parcel delivery, air and ocean freight, road and rail transportation as well as contract and e-commerce related solutions along the entire supply chain. A global network composed of more than 220 countries and territories and around 315,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting environmental protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenues of more than 55 billion euros in 2013.

Blue Dart Express Ltd.

Blue Dart Express Ltd., South Asia's premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 34,236 locations in India. As part of the DP DHL Group (DHL Express, DHL Global Forwarding & DHL Supply Chain), Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions and customs clearance.

The Blue Dart team drives market leadership through its motivated people force, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart's market leadership is further validated by numerous awards and recognitions from customers for exhibiting reliability, superior brand experience and sustainability. Some of these include Superbrand and 'Reader's Digest Most Trusted Brand Award', one of 'India's Best Companies to Work For' by The Great Place to Work® Institute five times in a row, 'Outstanding Contribution to the Cause of Education' - Global HR Excellence Awards 2011-2012, BSE Best CSR Practice Award and 22nd CFBP Jamnalal Bajaj Fair Business Practices Award - 2010 in the category of Service Enterprises (Medium) to name a few.

Blue Dart accepts its social responsibility by supporting climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach).

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Nissan Reports July 2014 Sales for Asia and Oceania

2014* 2013 % Change A & O July sales (units) 21,580 24,512 -12.0 Thailand 4,130 5,600 -26.3 ...

Speech by President Barroso at the Vietnam High-level business leaders’ lunch

European Commission

[Check Against Delivery]

José Manuel Durão Barroso

President of the European Commission

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Speech by President Barroso at the Vietnam High-level business leaders' lunch

European Chamber of Commerce

Ho Chi Minh City, Vietnam, 26 August 2014

Ladies and gentlemen,

I am very pleased to be here today – pleased to be here once again, I should say, given that this is my second visit to Vietnam as President of the Commission. This is a sign of the interest and attention that we give to Vietnam and to our bonds which have grown stronger and closer in these last years.

This is also the second time I address the European Chamber of Commerce in Vietnam. And, I am glad to see that you keep expanding and growing in membership and importance, in parallel with developments in Vietnam and the intensification of EU-Vietnam bilateral relations.

My presence here today is also testimony to the importance we attach to this Chamber and the credit we give to your work. You are also Ambassadors of the EU and a key vehicle in promoting our interests and values.

I came here a second time precisely because I believe in the potential of this country and of our bilateral relations. I believe we have much to gain from working more closely with each other, whether on political or economic matters. This was also the message that I passed yesterday to the top leadership of the country, the Prime-Minister and the President/Chair of the Party.

Last time I visited Vietnam, in 2007, Prime Minister Dung and I launched negotiations for the EU–Vietnam Partnership and Cooperation Agreement. Five years later we signed the agreement, giving our relationship a strong political pillar on which we can build our dialogue.

But, it is not possible to stand on just one leg for a long time. Thus, in 2012 we also launched negotiations for a comprehensive, 21st century free trade agreement. This will be the second leg of our partnership. It will enable us to meet the challenges of the future together.

And, there is no better way to address these challenges than through economic integration, open markets and open societies. Our combined trade strategy, our common goal of a bilateral Free Trade Agreement will also contribute to that, connecting our economies ever more tightly.

Only people and businesses can make those connections concrete and breathe real life into formal agreements. The role of governments is to allow them to do so, to break down the barriers that separate or hamper them in this effort.

And, on the basis of these economic ties, a much broader, more profound and more important relationship is built - a bond of political cooperation, of true friendship.

Therefore, we are all working to make our age the most connected and the most integrated of all time. More open economies and more open societies are the opportunity of today’s world. We need to make sure they become the reality of tomorrow.

This is what our negotiations are all about.

Ladies and gentlemen,

Those who prosper in the coming decades will be those who embrace openness, who take advantage of its opportunities and avoid its pitfalls.

The recent history of Vietnam is an example of what can be achieved by opening up. Through the policy of Doi Moi (or 'renovation') Vietnam has moved from rigidity and control to openness and flexibility – allowing room first for domestic private enterprise, then for foreign investors and gradually a greater role for market forces in more and more parts of the economy.

Openness has led to growth – at an average rate of 6.1% between 2006 and 2013. This has meant huge falls in poverty and the rise of Vietnam up the ranks of global economies.

Exports represent approximately three quarters of GDP, with the European Union representing the number one export destination. Vietnam also attracts more and more foreign direct investment: € 656 million in 2013 (around USD 880 million) from Europe alone. And, this investment is spurring further growth – more than half of exports are carried out by companies which have benefitted from foreign investment.

But, we know all too well that one cannot rest on one's laurels. For Vietnam’s spectacular success to continue, more economic reforms and more openness will be needed. This is also the lesson we learned in Europe with the economic crisis. We need sound fiscal policies, good regulation and supervision of the financial sector and structural reforms to increase competitiveness and seize the opportunities of the global economy.

Obviously, respect for the rule of law, fighting corruption and ensuring an independent and efficient judicial system are all key to improving the business environment in any country, including Vietnam.

Closer ties with the European Union can help Vietnam move forward on that path.

Our partnership and cooperation agreement (that we signed in 2012) lays the foundation for deep cooperation – on development, economic relations and political dialogue, including through strengthened discussions on human rights, an issue that is very important for the European Union.

A Free Trade Agreement will take this effort further. It will help Vietnam move forward on the path of openness in a broad range of ways and will contribute to building a sustainable recovery in Europe.

The FTA will first of all require us both to eliminate tariffs on substantially all of our trade.

Beyond this, the depth of our integration means we need to look at the broader range of trade and investment barriers our companies face. We need to look at barriers to trade in services. There is no longer a clear dividing line between goods and services – only a gradual change of shading. And, we need strong, fair rules on public procurement.

Our goal in trade policy is not to stop governments protecting their citizens from real risks to their health, safety, environment or financial security. Nor indeed are we trying to stop them supporting their economies. Instead, we want to encourage solutions that boost trade and investment – helping everyone to prosper.

Already today our trade relations come to 27 billion euro (USD 36 billion) a year, but this is just a fraction of the EU’s total trade - meaning that we are still only scratching the surface of this relationship. What we need is a partnership for the long term.

And that is what this agreement can provide.

It is not the only agreement Europe is pursuing. Far from it. We are building a vast network of similar deals that should eventually cover two thirds of all our trade. We are talking to Vietnam’s ASEAN partners, to India, to Japan, to our partners in Latin America and to the United States and Canada. We already have deals with many more countries – including South Korea, Mexico and Chile.

In ASEAN, we have finished negotiations with Singapore. Talks are underway with Malaysia and Thailand. And, it is our goal that these agreements serve as building blocks for an eventual broader deal with ASEAN as a whole.

It is in our mutual interest to foster regional integration and regional value chains. The best way to do this is to make sure that all of these bilateral EU-ASEAN agreements are as compatible and as coherent as possible.

Vietnam is also moving ahead with a wide range of new agreements, through broader ASEAN negotiations and through the Transpacific Partnership.

In light of this, the status quo is not an option.

We need to move forward in order to avoid falling behind.

So, I am very pleased to say that the negotiations between Vietnam and the European Union have reached a decisive stage. But, before we reach a conclusion, some difficult decisions and more ambition will be needed. We need to reach a solid result, one that serves the interests of our stakeholders. And, some of the most important European stakeholders are represented here in this room.

This is why I hope that you will watch closely what we negotiators are doing and make sure that we stay on the right path.

This is your agreement, and your voice is important to make it succeed. But, you can count with the full engagement and commitment of the European Commission to make that happen.

Thank you very much for your attention.

Lineup of Leading Industry Speakers Announced for 2014 Cruise Shipping Asia-Pacific Conference

SINGAPORE, Aug. 26, 2014 /PRNewswire/ -- As it enters its fourth edition, Cruise Shipping Asia-Pacific will present  the most prominent voices in the Asia cruise market to lead the conference, slated for November 20-21, 2014.

This year's conference will analyze the market potential and challenges associated with the emerging Asia cruise market as well as explore the infrastructure and itinerary development opportunities.

Beginning Thursday morning, November 20th, Zinan LIU, Vice President, China and Asia, Royal Caribbean Cruises Limited, will open the event with the keynote address. Immediately following will be "The State of the Cruise Industry in Asia" featuring Michael HACKMAN, EVP -- Cruise Operations, Genting Hong Kong Limited; Dominic PAUL, SVP International, Royal Caribbean International, Celebrity Cruises & Azamara Club Cruises and Managing Director, RCL Cruises Ltd; and Ann SHERRY, CEO, Carnival Australia, and Chairman, CLIA SE Asia.

Thursday afternoon will feature concurrent sessions "The Operating Environment in Asia" and "Focus on China." Friday morning's concurrent sessions include "How Asia Will Grow as a Source Market" and "Cruise Infrastructure Across Asia," followed by "Itinerary Development Across the Region" and "Shipbuilding and Refurbishment in Asian Yards" running concurrently in the afternoon.

Spearheading the conference sessions are a plethora of industry leaders and innovators including:

Jeff BENT Managing Director, Worldwide Cruise Terminals

Ted BLAMEY Principal, CHART Management Consultants 

Dickson CHIN Managing Director, Wallem Ship Agency

Bruce KRUMRINE Vice President, Shore Operations Europe & Exotics, Princess Cruises

Krai PANYARACHUN Inbound Director, SEA Tours Co., Ltd and Immediate Past Chairman, ACSN

Isaac VIDALES Regional Operations Manager Asia, Intercruises Shoreside & Port Services

Buhdy BOK SVP Pacific Asia & China, Costa Crociere SpA

Anthony H. KAUFMAN SVP Asia Operations, Princess Cruises

Ang Moo LIM EVP Sales, Marketing & Hotel Operations, Genting Hong Kong Limited

Steve ODELL President, Europe, Africa, Middle East & Asia Pacific, Silversea Cruises Limited

Brett DUDLEY Founder and Chairman, ecruising Group of Companies

Masami MASUYAMA Managing Director, NYK Cruises Co., Ltd

Kelvin TAN Commercial Director, Asia Pacific, Celebrity Cruises

Ki-tack LIM President, Busan Port Authority

John TERCEK VP, Commercial & New Business Development, Royal Caribbean Cruises Limited

Sarina BRATTON Chairman Australasia, Compagnie du Ponant

Robert W. GUY Managing Director -- Singapore & Malaysia, Destination Asia

William HARBER Vice President, Market Development, Carnival Asia

PHAN Xuan Anh President, Viet Excursions Co Ltd

Paolo MORETTI General Manager Marine, RINA Services SpA

P.K. ONG Managing Director, Sembawang Shipyard Pte Ltd., & Deputy President, Sembcorp Marine Ltd

Stephen PAYNE Principal Consultant, PFJ Maritime

Conference session details can be found at cruiseshippingasia.com or by clicking here.

Cruise Shipping Asia-Pacific is organized by UBM in partnership with Seatrade Communications and is exclusively supported by Cruise Lines International Association and the Florida-Caribbean Cruise Association. Official Event Partner: Hong Kong Tourism Board.

For information about exhibiting or attending Cruise Shipping Asia-Pacific visit www.cruiseshippingasia.com

WHERE: Hong Kong Convention & Exhibition Centre, Hong Kong. For more information, visit www.hkcec.com

MEDIA REGISTRATION: Media credentials are issued to bona fide journalists covering the convention. Review the media policy, request a media registration online or contact Jennifer Rosen.

Media Contact: Jennifer Rosen, +1-212-600-3332, Jennifer.rosen@ubm.com

Social Media
Additional news, information and announcements about Cruise Shipping Asia-Pacific are available at www.cruiseshippingasia.com.  Find Cruise Shipping on Facebook, on Twitter, LinkedIn and YouTube.

About UBM
UBM connects people and creates opportunities for companies across five continents to develop new business, meet customers, launch new products, promote their brands and expand their markets. Through premier brands such as Routes, CPhI, IFSEC, TFM&A, Cruise Shipping Miami, the Concrete Show and many others, UBM exhibitions, conferences, awards programs, publications, websites and training and certification programs are an integral part of the marketing plans of companies across more than 20 industry sectors.

About UBM Asia (www.ubmasia.com)
Owned by UBM plc listed on the London Stock Exchange, UBM Asia is Asia's leading exhibition organizer and the biggest commercial organizer in mainland China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global network of 30 offices and over 1,200 staff in 25 major cities. We operate in 19 market sectors with 160 exhibitions, 75 conferences, 28 trade publications, 18 vertical portals and virtual event services for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world.

About Seatrade
Connecting the global cruise community -- www.seatrade-global.com   
Established 40 years ago, Seatrade is a leader in cruise and maritime publications, conferences and exhibitions, training, awards and other special projects. Regular events include international trade exhibitions and conferences across all maritime sectors, management training courses for shipping professionals, training seminars for travel agents and award schemes, including the Seatrade Insider Cruise Awards. Seatrade publications include magazines, supplements and yearbooks, whilst Seatrade Insider provides daily cruise news online at www.seatrade-insider.com

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Jebsen tedrive Joint Venture Established to Bring tedrive Steering’s Advanced Steering Gear Technologies to China

SHANGHAI, Aug. 26, 2014 /PRNewswire/ -- Jebsen Automotive Technik (JAT) and tedrive Steering are pleased to announce today plans to establish a 50:50 joint venture "Jebsen tedrive Steering Systems". The joint venture aims to bring tedrive Steering's advanced steering technologies to China. The new company will be formally registered by year-end in Shanghai, from where it will spearhead the localization of tedrive Steering's full product range.

Top executives from Jebsen & tedrive Steering celebrating the creation of Jebsen tedrive Steering Systems at the signing ceremony in Germany.
Top executives from Jebsen & tedrive Steering celebrating the creation of Jebsen tedrive Steering Systems at the signing ceremony in Germany.

The new joint venture will draw on the operational knowledge and China-wide sales and service network of JAT and the technological expertise of tedrive Steering to satisfy the growing demand for high-quality automotive components in China. Jebsen tedrive Steering Systems will focus on supplying German-engineered steering systems, with plans to localize the manufacturing in China.

"As an established provider of advanced steering technologies to the global vehicle market, at tedrive Steering we are pleased to combine our strengths with those of Jebsen Automotive Technik in order to grow our business in China. With the support of JAT, we will develop the market for our innovative steering technologies in China and help the local automotive sector better serve its domestic and international customers," said Pavel Gilman, Director, Corporate Strategy and in charge of founding the new joint venture with Jebsen.

tedrive Steering and JAT are confident of the continuing growth of China's auto sector. Already the world's largest automotive market, it grew almost 14% in 2013 according to the China Association of Automobile Manufacturers (CAAM), with 21.98 million vehicles sold. Sales for 2014 are expected to show a further 8 to 10% growth.*

With more than 60 years of experience, tedrive Steering is a global leader in the development, engineering and production of steering systems and components. Its product portfolio includes advanced steering technologies for all vehicle segments: from mechanical, hydraulic and electronic rack-and-pinion steering systems for passenger cars and light commercial vehicles to state-of-the-art recirculating ball steering gear technology for commercial vehicles and buses.

"Jebsen Automotive Technik and tedrive Steering are committed to ensuring that Jebsen tedrive Steering Systems develops into the high-quality leader in steering systems for China. By making full use of the nationwide Jebsen Automotive Technik sales and service network and leveraging synergies with our other market-leading joint ventures, we will be able to help tedrive Steering localize its innovative technology and support our OEM and Tier One customers with competitive system and component solutions at the same time," Arnie Jensen, Director and General Manager of Jebsen Automotive Technik, also the board of director of the new joint venture said.

Jebsen Automotive Technik supports this market with three JVs: Mitec-Jebsen, which provides high-end engine balance shafts and gear set solutions; Jebsen-TCG Automotive Systems (Dalian), which manufactures high-performance variable oil and water pumps; and MSR-Jebsen Technologies, which produces precision machined components for powertrain customers in China.

About Jebsen tedrive Steering Systems

To be established in Shanghai in the fourth quarter of 2014, "Jebsen tedrive Steering Systems Co. Ltd." will supply advanced steering technologies in China. It is a joint venture of tedrive Steering, managed by its holding company "Steering Systems Beteiligungsgesellschaft mbH" of Germany, a global leader in the development and production of advanced steering systems, and "Jebsen Automotive Technik Co. Ltd.", a subsidiary of Jebsen Industrial.

About tedrive Steering

tedrive Steering is a specialised development partner and manufacturer of steering systems for the global vehicle market. The company with headquarters in Germany operates three plants in Wuelfrath and Chemnitz (Germany), and further production, sales and technical facilities in Istanbul (Turkey), Nabereznyje Chelny (Tatarstan, Russia) and Howell (Michigan, USA). tedrive Steering is a full-service provider in the field of steering technologies. The product portfolio encompasses rack-and-pinion steering and recirculating ball steering gear systems for all vehicle segments from small passenger cars to large trucks and buses. tedrive Steering sets the course, developing competitive high-performance steering technology for passenger cars and commercial vehicles, with its award winning iHSA® technology and lightweight steering solutions. For more information, visit http://www.td-steering.com.

About Jebsen Automotive Technik

Jebsen Automotive Technik Co. Ltd. (JAT), a subsidiary of Jebsen Industrial under the Jebsen Group, supports overseas component suppliers to localize their operations and business in China. It oversees Mitec-Jebsen as well as Jebsen-TCG Automotive Systems, which produces high-performance variable oil and water pumps, and MSR-Jebsen Technologies, which manufactures high precision components for powertrain system. The company continues Jebsen's history as a leader in Greater China's aftermarket spare parts and services since 1921. For more information, visit http://www.jebsenindustrial.com/JAT.

*[Source: http://www.reuters.com/article/2014/02/13/us-china-auto-sales-idUSBREA1C0DR20140213]

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Autohome States that its Policy is Not to Comment on Unusual Market Activity

BEIJING, August 26, 2014 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, released the following statement today. In view of the unusual market activi...

Yongda Auto Announced the Grand Opening of Yongda Morgan

The First Dealership Company of Morgan Motor in Eastern China

HONG KONG, Aug. 25, 2014 /PRNewswire/ -- China Yongda Automobiles Services Holdings Limited ("Yongda Auto" or the "Company" and, together with its subsidiaries, the "Group", stock code: 03669.HK), a leading passenger vehicle retailer and comprehensive service provider in China, is pleased to announce the grand opening of Yongda Morgan. Yongda is the first automobile dealership store in Shanghai and Eastern China authorized by Morgan, meanwhile, it symbolizes the extension of network of Morgan in Eastern China.

Yongda is China's leading professional luxury and ultra-luxury automobile dealership group. The Company is the first in the industry to form a complete car sales chain of "driving learning, car buying, car selling, car rental, car repair and car maintenance". It has become the largest domestic dealership group in the industry with the largest number of agency brands, the most complete services, and the most extensive operating network.

The Britain Morgan Motor Company is a motor brand with more than 100 years of history. Designed with personality and style in mind, the Morgan sports car is made from light-weight materials matched with modern high performance engines for a truly exhilarating driving experience. In the past 100 years, Morgan has been striving to produce the first-class sports cars, in order to provide customers with sheer driving pleasure, as well as high investment value. As the general agent in Eastern region, Yongda Morgan has launched the first showroom and service center in Shanghai, providing the unique classic sports car experience and choice for collection to high-end car owners. The person in charge of Yongda Morgan remarked, "Morgan, a car brand with profound British cultural heritage, will show its charm in this prosperous city -- Shanghai, and Morgan's products will be loved by the consumers in Shanghai and surrounding areas." The opening of Yongda Morgan this time, not only provides the vast of car consumers with much convenience in choosing the top-class Morgan models, but also offers world-renowned excellent services and meticulous care for customers to the existing car owners.

About China Yongda Automobiles Services Holdings Limited

Yongda Auto is a leading passenger vehicle retailer and comprehensive service provider in China focused on luxury and ultra-luxury brands. Yongda Auto has a strong brand portfolio of luxury and ultra-luxury brands including Bentley, Porsche, BMW, Audi, Jaguar Land Rover, Audi, Volvo, Cadillac, Lincoln, Infiniti and Morgan. As of June 30, 2014, it has obtained manufacturers' authorizations to open and operate more a total of 152 outlets. Its network has a strong presence in East China, including Shanghai, and has expanded into other regions in China. In addition to new passenger vehicle sales business, Yongda Auto also provides customers with a comprehensive range of automobile-related services through its "one-stop shop" approach. These include after-sales services, automobile rental services, as well as a wide array of services that it offers in connection with pre-owned vehicles, automobile insurance products, credit products and automobile financing and leasing.

For further information, please contact:

Porda Havas International Finance Communications Group


Kelly Fung

+852-3150-6763

kelly.fung@pordahavas.com

Angie An

+852-3150-6736

angie.an@pordahavas.com

Kit Ng

+852-3150-6705

kit.ng@pordahavas.com

Victoria Huang

+852-3150-6731

victoria.huang@pordahavas.com  

Fax: +852-3150-6728

Win Inertia Incorporates Maxwell Technologies Ultracapacitors for Braking Energy Recuperation in Spanish Rail System

High-Efficiency Hybrid Energy Storage System Reduces Energy Consumption; Excess Power Used to Charge Electric Vehicles

SAN DIEGO, Aug. 25, 2014 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) announced today that Win Inertia, an engineering firm specializing in power electronics, energy storage and control and communication systems, is using its ultracapacitors for a stationary wayside braking energy recuperation system at an electric rail system in Cerro Negro, Spain. Win Inertia designed and installed the system under a contract with the Spanish government's Administrator of Railway Infrastructures (ADIF). In this installation, the system also enables ADIF to store excess energy in a battery bank that supplies an electric vehicle (EV) charging station located at the rail station. The facility also seamlessly integrated a photovoltaic (PV) generator to supply additional energy if required.

The recuperation system employs Win Inertia's SHAD® hybrid control technology (international patent pending) to integrate batteries and Maxwell ultracapacitors to increase energy recovery efficiency and reduce stress on the batteries, thereby extending battery life. Ultracapacitors' rapid charge/discharge characteristics uniquely enable them to capture and store more energy during each braking event than battery-based systems, which have limited ability to absorb energy in the few seconds required to stop a vehicle. Win Inertia's high-efficiency hybrid energy storage and power delivery system furthers ADIF's return on investment as it enables dual use of the recuperated energy for rail vehicle propulsion and EV charging. By converting kinetic energy into stored electric energy through regenerative braking, the system recovers 8 to 10 percent of the total energy used by the railway system, which is then used to power the EV charging station.

"By incorporating ultracapacitors, which accept charge from the braking energy recuperation system much more efficiently than batteries, the system recovers significantly more energy," said Eugenio Domínguez Amarillo, Win Inertia's CEO and chief technology officer (CTO). "Additionally, by using ultracapacitors to relieve the batteries of the stress of repetitive cycling, we expect to extend battery life by 20 to 25 percent."

Braking energy recuperation systems in electric and hybrid rail vehicles save fuel and electrical energy by using resistance from the electric motor to stop the vehicle, and, through that process, converting kinetic energy that would be wasted in a conventional friction-based braking system into stored electrical energy. Ultracapacitors' high reliability and extremely long operational life also make them a preferred option for heavy cycling electric utility grid applications.

Dr. Franz Fink, Maxwell's president and CEO, said, "Transportation is the world's largest energy consumer, so systems that enhance energy efficiency and reduce fossil fuel consumption and emissions can play a transformational role in energy management and create tremendous long-term growth opportunities for rapidly advancing ultracapacitor technology."

Unlike batteries, which produce and store energy by means of a chemical reaction, ultracapacitors store energy in an electric field. This electrostatic energy storage mechanism enables ultracapacitors to charge and discharge in as little as fractions of a second, perform normally over a broad temperature range (-40°C to +65°C), operate reliably through one million or more charge/discharge cycles and resist shock and vibration. Maxwell offers ultracapacitor cells ranging in capacitance from one to 3,000 farads and multi-cell modules ranging from 16 to 160 volts. For more information on Maxwell's ultracapacitor products, please visit Maxwell.com.

About Win Inertia: Win Inertia is a high-tech engineering company, highly specialized in power electronics, energy storage and control and communication systems applied to renewable energy integration and energy efficiency. The company's most innovative technology is a hybrid energy storage system integrating ultracapacitors, batteries and other storage technologies such as flywheels and fuel-cells under a unique bus using its technology (SHAD-FS4G). Thus, a high performance in terms of power and energy density is achieved. The control and power electronics technology applied in the system extend the battery life and avoid over-sizing of the storage system, decreasing investment and operation costs. The system can be applied in a variety of fields such as weak grid stabilization, grid services, renewable energy integration and transportation. For more information, please visit the website: www.wininertia.es.

About ADIF: ADIF is the state-owned Administrator of Railway Infrastructures in Spain. ADIF plays a leading role in promoting the railway sector, working toward converting it into the ideal mode of transport and facilitating access to the infrastructure under fair conditions. Its aim is to promote the Spanish railway system by means of the development and management of a safe, efficient and sustainable infrastructure to the highest quality standards in environmental terms. ADIF is in charge of administrating rail infrastructures (tracks, stations, freight terminals, etc.), managing rail traffic, distributing capacity to rail operators and the collection of fees for infrastructure, station and freight terminal use. For more information, please visit the website: www.adif.es.

About Maxwell: Maxwell is a global leader in the development and manufacture of innovative, cost-effective energy storage and power delivery solutions. Our ultracapacitor products provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. Our radiation-mitigated microelectronic products include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. For more information, please visit our website: www.maxwell.com.

Win Inertia Contact:
Media & Sales:
Rafael González, +34 954 173 085; rgonzalez@wininertia.es  
Investor: Eugenio Domínguez, +34 954 173 085; edominguez@wininertia.es

Maxwell Technologies Contacts:
Media: Rachel Sullivan, Metis Communications: +1 (617) 236-0500; maxwell@metiscomm.com
Investor: Michael Sund: +1 (858) 503-3233; msund@maxwell.com
Sales & Technical: Stefan Strohmayer: +49 89 4161403 13; sstrohmayer@maxwell.com

The Forefront of Japan’s Subculture — the Ever Evolving “Akihabara”

TOKYO, Aug. 25, 2014 /PRNewswire/ -- "Akihabara"is well known to those not only in Japan but also overseas as "the City/Mecca of Electronics & Home Appliances". You will still see a lot of major home electronics retailers lined up side by side, and many people from the country and all over the world have made visits to the city looking for Japan's electronic appliances for decades. However, the city has now evolved brilliantly throughout the changes of a new era. Nowadays, "Akihabara" not only represents a name of a city, but also became an iconic figure that embodies Japan's own subculture. Japan's unique subculture scene largely represented by this city attracts travelers from all over the world. Akihabara, which is continuously evolving its appearance every minute, also owns its very unique in-station facility that fittingly serves as an entrance to the city. Here we will introduce you to some of the newest faces in Akihabara you will likely encounter in the station or somewhere under an elevated structure:

Why don't you get Japanese souvenirs and the hot items in Akihabara?
Why don't you get Japanese souvenirs and the hot items in Akihabara?

An art-turned train! Even a non-hardcore fan should stop by -- "TRAINIART"

"Atre Akihabara 1" is connected directly to JR East Railway Akihabara station's Electric Town exit (or "Denki-gai" exit). On the 2nd floor you will find "TRAINIART", a  boutique shop selling railroad/train merchandises. Here you will find a vast variety of railroad/train designed goods, from stationaries to accessories, all focused on both [design] and [functionality]. You will notice most of these goods are well-suited for its own brand name "-ART", all richly designed, stylishly finished that one would definitely be tempted to pick them up in their hands, and are very popular among the females. You can also find a pair of train-designed T-shirts tailored for parent-child; you would definitely find a train-designed merchandise of your own that you would probably want to bring home.

"CHABARA""NOMONO" - For those looking for tasting/bringing home Japan's regional local gourmet foods

In Japan, you will encounter distinctive local gourmet foods in each region throughout the country. Wouldn't it be nice if you could enjoy all sorts of gourmet foods from all regions in Japan even if you could only stay in Tokyo?

That's when we highly recommend"CHABARA", located under an elevated bridge connecting JR Akihabara Station and Okachimachi Station. You will find a rich variety of specialty goods, seafoods, and soil foods delivered directly from local producers throughout the country. Perhaps, it's a good idea to make gifts to your friends with soy-sauce, miso, tonkotsu (or pork bone soup) or other unique ramen noodles delivered from local producers, or for anybody, whose dad loves Japanese Sake, why not make a gift for him with a Japanese Sake processed with pure water and high quality grain of rice!

On the other hand, "NOMONO", located inside Akihabara Station, is "A shop introducing the allure of Japanese food" that is always crowded with visitors as, albeit its somewhat limited space, it is conveniently located inside the station. At "NOMONO Kitchen" located on 2nd floor, you will enjoy the aspects of traditional local culture and all sorts of menu filled with highly selective and seasonal ingredients from the east regional Japan.   

In Akihabara, the city that constantly provides us with the latest cultural ingredients, its nearest station is equally unique as well. As the forefront of Japan's cultural movement, we highly encourage you to visit there.