Mitsubishi Electric Building Solutions Launches the NEXIEZ-Fit Elevator

TOKYO, May 22, 2024 – (JCN Newswire) – Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-Ku, Tokyo; President: Iwao Oda) announced today that the NEXIEZ-Fit, an elevator that combines superior cost performance with carefully selected specifications, will be launched on May 23 for low-rise residential buildings for which there is high demand worldwide. In the ASEAN and Middle East regions and elsewhere, population growth associated with urbanization is driving demand for housing. Under these circumstances, utilizing the existing platform for the NEXIEZ-MRL Ver.2, the company’s overseas core elevator model designed for premium sectors such as luxury hotels and office buildings, MEBS has succeeded in shortening the construction period*1 by reviewing shipping patterns to improve the efficiency of installation work and reducing the amount of welding work at the site, while maintaining safety and reliability.

NEXIEZ-Fit elevator
NEXIEZ-Fit elevator

In addition, user safety, security, and convenience can be further enhanced by connecting the NEXIEZ-Fit to M’s BRIDGE™*2, a global remote-maintenance service that continuously monitors and inspects elevators and analyzes the resulting data.

*1 Compared to NEXIEZ-MRL Ver.2 elevator.
*2 A maintenance contract is required. Please consult our local agent to check whether this feature is applicable.

Sales Details

Product Name Usage Capacity Speed Price Manufacturer
NEXIEZ-Fit Passenger 450 to 630 kg
(6-8 persons)
1.0 m/s By quote Mitsubishi Elevator Asia Co., Ltd.
(Kingdom of Thailand, AMEC)

NEXIEZ and M’s BRIDGE are registered trademark of Mitsubishi Electric Corporation (except in certain regions).

Overview of AMEC

Company Name Mitsubishi Elevator Asia Co., Ltd.
Location Amata City, Chonburi, Kingdom of Thailand
Representative Masaaki Arikawa – President
Capital 1,151.5 million Thai Baht (4.79 billion JPY)
Ownership Mitsubishi Electric Corporation: 100%
Established May 1991
Employees Approx.1,400 (As of March 2023)

Customer Inquiries
Corporate Planning Department, Global Business Group
Mitsubishi Electric Building Solutions Corporation 

Media Inquiries
Corporate Communication Division
Mitsubishi Electric Building Solutions Corporation 

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Autobrains Announces Its Design Win for ADAS Solution Implementing Liquid AI in Chinese Electric Vehicle

TEL AVIV, ISRAEL and MUNICH, GERMANY, May 21, 2024 – (ACN Newswire) – Autobrains, a disrupter in automotive artificial intelligence (AI) and Advanced Driver Safety Systems (ADAS), today announced their nomination, which will see Autobrains’ innovative software, Liquid AI, deployed in a new line of vehicles developed by a leading Chinese Electric Vehicle manufacturer. Production of these new vehicles is expected to begin during Q4, 2024.

Autobrains Announces Design Win for ADAS AI Solution in Chinese Electric VehicleAutobrains Announces Design Win for ADAS AI Solution in Chinese Electric Vehicle

Autobrains Announces Design Win for ADAS Solution Implementing Liquid AI in Chinese EV Expected to launch in Q4 2024, Autobrains’ new vehicle production features an advanced ADAS solution, harnessing cutting-edge Artificial Intelligence

Autobrains has established the development of revolutionary AI solutions, including its flagship Liquid AI technology, which has been central to addressing the most complex challenges in today’s automotive AI landscape. While details of the partner remain confidential, the collaboration is set to redefine industry standards and accelerate the adoption of advanced driver-assistance systems across the automotive sector.

Igal Raichelgauz, Founder and CEO of Autobrains, commented, “Teaming up with a leading Chinese automotive player reinforces the exceptional performance and adaptability of our advanced AI systems. By integrating our cutting-edge technology with their robust manufacturing capabilities, we are creating a new paradigm shift for what AI in vehicles can achieve. Our shared commitment to innovation will help accelerate the adoption of AI-driven solutions, enhancing the driving experience and pushing the entire industry forward.”

Autobrains is set to redefine the future of driving in China and globally with its pioneering technology – known for its exceptional edge case detection, remarkably low power consumption, and for being hardware agnostic. This strategic partnership and implementation of Liquid AI technology into mass production exemplifies Autobrains’ commitment to global market expansion and underscores our relentless pursuit of innovation in the automotive sector.

For more information about Autobrains and its cutting-edge Liquid AI and ADAS solutions, please visit

About Autobrains

Autobrains is a leading AI company in the automotive industry. Autobrains invented and developed a paradigm-shifting AI technology: Liquid AI – backed by 250+ patents addressing autonomous driving challenges. Implementing this unique AI technology for ADAS applications disrupts the market with its unprecedented perception capabilities, low compute requirements, and agnosicity to sensors and SoCs. The company is backed by strategic investors including Temasek, Knorr-Bremse AG, BMW i Ventures, Toyota Ventures, VinFast, Continental AG, and Autel.

Learn more:

Contact Information
Sophia Eichler
Director of Marketing
+49 15167066494

SOURCE: Autobrains Technologies


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Indonesia calls for global action on sustainable water management at the 10th World Water Forum

JAKARTA, May 21, 2024 – (ACN Newswire) – Indonesia invites heads of state attending the 10th World Water Forum in Bali to take action to actualize inclusive and sustainable water management.

“This (forum) is meant to reaffirm our commitment and formulate concrete actions related to inclusive and sustainable water management,” President Joko Widodo (Jokowi) remarked at his opening on the forum’s High-Level Meeting on Monday.

At least four initiatives were proposed by Indonesia that are expected to be put forward in the forum’s first-ever ministerial declaration on May 21. These initiatives are World Lake Day, the establishment of a Center of Excellence on Water and Climate Resilience, integrated water resources management on small islands, and fundraising for water projects.

Water plays a critical role in human life and might be referred to as “the next oil” in the future, noting that water shortages could slow down economic growth by up to six percent by 2050.

Indonesia has been striving to strengthen its water infrastructure by constructing 42 dams and developing 1.18 million hectares of irrigation networks in the last decade. The country rehabilitated irrigation networks covering an area of 4.3 million hectares and developed 2,156 kilometers of flood control and coastal protection structures.

The government also utilizes the water surface in Cirata dam for the floating power plant in West Java Province.

“However, all these efforts are not enough. We can expect even more complicated issues related to water and sanitation in the future. We need to make similar efforts at the global level by involving countries, private actors, and civil society,” Widodo stated.

Indonesia’s effort is in line with the statement of the President of the World Water Council (WWC), Loic Fauchon, who invited the world community as the water warriors to achieve water security and solve world water problems.

“Be water warriors together. I want to call for the obligation to take care of nature and provide water for each other,” Fauchon said in his speech at the opening ceremony of World Water Forum’s 10th High-Level Meeting.

There are at least six efforts that WWC promotes to tackle water issues such as promoting water supply security policies at all levels, committing to changing behavior in achieving water sobriety, prioritizing the design and implementation of nature-based solutions for basins, admitting the right to water to national constitutions, Laws and local regulations.

Participating in the “Money for Water” Coalition, and ensuring more active, decentralized governance based on multilateral cooperation on water issues is also needed to tackle water issues.

“We need you, we want new ideas to write the future of water,” Fauchon remarked.

Indonesia hosts the 10th World Water Forum themed “Water for Shared Prosperity” held on 18-25 May 2024.

The High-Level Meeting was attended by world leaders, including Tajikistan Prime Minister (PM) Qohir Rasulzoda, President of Sri Lanka Ranil Wickremesinghe, President of Fiji Ratu Wiliame Maivalili Katonivere, Deputy Prime Minister of Malaysia Dato Sri Haji Fadillah Bin Haji Yusof, and Deputy Prime Minister of Papua New Guinea John Rosso.

The other attendees comprised President of the World Water Council (WWC) Loïc Fauchon; United Nations (UN) General Assembly President Dennis Francis; former Hungarian president Janos Ader; French special envoy Barbara Pompili; and Dutch special envoy Meike van Ginneken.

Official website:

Please contact:
Director General, Public Information and Communications, Ministry of Communications & Informatics (KOMINFO), Usman Kansong, t: +62 81 678 5320, e:
For daily WWF news and information, please visit

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Distributed by the Ministry of Communication and Informatics (Kominfo). 

Topic: Press release summary

Discover the latest innovations and trends in the corporate gifting industry at the landmark 30th edition of India Big 7 organized by RX India.

India Big 7, the premier trade show for corporate gifting and stationery in India, is set to celebrate its 30th edition. Organized by RX India, the event will take place from June 6-8, 2024, at the Bombay Exhibition Centre in Mumbai. The trade show is set to host over 200 exhibitors and feature more than 600 brands from India and around the globe.

By 2024, the Indian online gifting market is projected to be worth $84 billion, highlighting the strong growth potential for this sector, especially with the shift towards sustainable & online shopping post-pandemic. The exhibition will feature a vast array of products from top suppliers in categories including Gifts, Lifestyle, Stationery, Writing Instruments & Office Supplies, Gadgets & Electronics, Houseware, Kitchenware & Home Décor, Food & Confectionery and Health & Wellness.

Speaking about the Event Ashna Sharan, Portfolio Director said “We are thrilled to celebrate the 30th edition of India Big 7. This event has grown tremendously over the years and continues to be the leading platform for the corporate gifting industry in India. We expect over 20,000 attendees from across India and overseas, making this our biggest event yet.”  She further added “In its service to the industry from the last 30 years, India Big 7 has emerged India’s leading and trusted networking platform that brings together the entire range of solutions and enables manufacturers, traders, wholesalers, stockiest, corporate buyers altogether in one place to conduct business.”

India Big 7 attracts a high-caliber audience of decision-makers and influencers from various industries, including CEOs, COOs, directors, owners, department heads, purchase managers, brand and marketing managers, and influencers. The show is proudly supported by the Corporate Gifts Association of India (CGAI) and the Pen & Stationery Association of India, further solidifying its position as the industry’s premier event. This year, India Big 7 is also excited to welcome Hapipola as an Associate Partner.

An exclusive two-day conference dedicated to Corporate Gifting and Stationery is slated to take place themed around “Present Perfect – Coining the Future of Corporate Gifting in India”. The conference will feature panel discussions and fireside chats with industry leaders on sustainability, trends & future innovations, the future of stationery, budgeting, and legal & ethical paths.

In 2024, meet with renowned industry players such as Amar Brothers, Amrit Valley, Lotus Gifting, Arihant, Australian Foods, Atlas Leather, Casablanca Apparels, District 9, Siyaram Silk Mills, Sun International, Swastik Industries, Synergy Enterprise, Clensta, Briiton, Fuzi Films, Primera Nuts, Kanpur Flowercycling and many more who are exhibiting at the event.

India Big 7 is a must-attend event for anyone involved in the corporate gifting industry. Attendees can pre-register at to secure their entry tickets.

Fintech Infrastructure Provider Decentro Launches fully RBI-Compliant Next-Gen Payment Aggregator stack for India

Decentro, India’s leading fintech infrastructure platform, proudly announces the launch of its next-generation Payment Stack (Flow 2.0). The stack is designed to seamlessly address businesses’ expansive payment needs, delivering high performance, unwavering compliance, and utmost security. It marks a significant move to continue transforming digital payment solutions with enhanced efficiency and reliability while simplifying businesses’ integration and operation of their day-to-day payment collections.


According to industry reports, the Indian payment market is estimated at USD 357.51 billion in 2024. It is expected to reach USD 814.42 billion by 2029, growing at a CAGR of 17.90% during the forecast period (2024- 2029). However, today, merchants and financial institutions find it a growing challenge to simplify the integration process and comply with regulations.


“This milestone couldn’t come at a more opportune moment as we complete our 4 years of operations as one of India’s leading fintech infrastructure providers. Since inception, our goal has been to streamline the most intricate financial processes for businesses across the spectrum, and the introduction of the Flow 2.0 stack underscores this commitment. Witnessing a remarkable 300% growth in our customers’ transactions in just the past 12 months stands as a testament to our product quality and differentiation in solutions.”Rohit Taneja, Co-founder and CEO of Decentro.


We are focused on providing businesses with a robust, secure, and fully compliant solution that addresses their diverse payment requirements and significantly elevates operational efficiency. To put things in perspective, we see a ~30% reduction in operational costs and a 3X reduction in time to market amongst our merchants by switching to our digital payments stack, recurring payments via e-NACH & UPI Autopay, as well as our automated reconciliation system” – Pratik Daudkhane, Cofounder.



Flow 2.0 will help enterprises sharpen their focus on critical features, including exceptional performance through fast and reliable transaction processing and complete RBI compliance to ensure operations within frameworks. This stack also provides enhanced security with top-tier measures to protect sensitive data and unmatched stability built on a solid infrastructure that minimizes downtime for continuous, uninterrupted business operations.


Flow currently empowers payments for customers like Shiprocket, Kodo, Volopay, etc., with unique advantages such as industry-best success rates and lowest downtimes, ensuring minimal disruptions and maximised business efficiency. It supports faster go-to-market strategies with rapid deployment capabilities, enabling 10X improvement overall in Capex and Opex combined.


With this development, Decentro aims to empower categories such as BFSI, Logistics, Online Marketplaces, and fintech/SaaS platforms. In under four years, the Decentro group has rapidly built a full-stack fintech infrastructure platform that provides solutions to more than 800 companies, including Freo (MoneyTap), CashE, Muthoot Capital, Credit Fair, Shiprocket, Protium Finance, and many more. With critical pillars of customer experience, innovation, and compliance, Decentro currently has 40+ deep APIs, SDKs & automated workflows catering to the entire value chain of a company’s financial infrastructure needs across payments, identity, and credit.