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Bedsonline Star Rewards Programme piloting to Korean Retail Travel Agents Clients

Vlad Poptamas

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Hotelbeds, the parent company of both GTA and Bedsonline has today announced the launch of new, fully automated loyalty platform for retail clients in Korea.

The Star Rewards programme is a vastly improved loyalty scheme for retail clients, offering a faster, automated and more user-friendly interface to drive up bookings in exchange for vouchers which can be redeemed online against a wide range of products and services from leading brands.

Replacing its predecessor G-Shop which was used by legacy GTA clients, the new platform offers points to retail customers for every booking made through the Bedsonline booking platform. Clients can accumulate points in return for vouchers that can be spent on a wide range of goods and services via a user-friendly online interface.

Following extensive consultation with customers it has been decided that the GTA retail brand[1] in the Korean market will progressively rebrand under Bedsonline, the retail travel agency brand of parent group Hotelbeds.

As part of this change the combination of the GTA retail brand’s content with the existing Bedonline hotel offering will increase from 55,000 to 180,000 the number of hotels available to customers.

Victoria Fernandez, Retention Marketing Manager at Hotelbeds, explains: “Now that we have moved all legacy GTA clients to the new platform, we need to go a step further and test the scheme with more clients who were not previously members of any of our loyalty schemes.

“The benefits of Star Rewards are three-fold. We have connected the Business Intelligence database, where all the bookings are stored, with the incentives platform. This means that clients can see how many points they have earned on a daily basis and convert them into vouchers.

“We have also signed single catalogue agreements with just a handful of providers for different regions offering access to a wider range of products and services than ever before, including household brands such as Amazon, Nike or Apple. New vendors are automatically added to the new catalogue which is being updated all the time. 

“Last but not least, all the vouchers can be redeemed online which means the client can receive their product or service, without any intervention from Hotelbeds.”

Giny Jin-Young Jun, Regional Sales Manager, South East Asia and Korea at Bedsonline, comments“I am pleased to confirm that in Korea, we will have all of our customers on board, as we have now moved all G-shop clients to the new platform, and we will start rolling out the programme to all remaining clients. Star Rewards marks a step change in the way we offer incentives to clients, moving towards an increasingly automated model. We are confident that Star Rewards will incentivize our existing clients to place more bookings with us and help us to increase our competitive position in this market. We will monitor client behavior on the platform and adapt their strategy where necessary and incentivize clients through targeted campaigns in order to drive bookings and further growth for the business “

When put together, Bedsonline offers customers a 360 degree travel partner offering that is customer centric and helps partners compete by offering unrivalled technology, the most competitive commercial terms, swift problem resolution and expert team support.

Artificial Intelligence

Deep Learning Market Size Worth US$ 56,427.2 Mn By 2026

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LOS ANGELES, Jan. 27, 2020 (GLOBE NEWSWIRE) — The global deep learning market is expected to grow at a CAGR of around 51.1% over the forecast period 2019 to 2026 and reach the market value of over US$ 56,427.2 million by 2026.

North America held the major share of the global deep learning market in 2018. The well-established technology infrastructure of the region is supporting market growth. The high demand for deep learning application in healthcare, aerospace & defense, automotive, and telecommunications sector is contributing to the market growth.

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Hardware components accounted for the major share in 2018 and the t is also anticipated to maintain its dominance during the forecast timeframe 2019 to 2026. The hardware is required to increase the efficiency of deep learning applications is particularly supporting segment growth.

On the basis of application, the image recognition segment held the dominating share in the deep learning market. The increasing demand for optical character recognition and for identifying and detecting an object or a feature in a digital image or video is particularly accelerating the market value.

Security segment accounted for the major share by end-user in 2018. The segment is particularly gaining growth due to rising number of cyber attacks in various industry verticals. The increasing dependency of organizations on the data create need to figure out patterns from the available data for efficient decision making process. For instance, Oracle is developing Financial Crime and Compliance Studio (FCC Studio) with the help of deep learning and graph analytics. The new development is intended to detect repetitive patterns in graphs of data of individuals particularly to assist know-your-customer (KYC) and anti-money laundering (AML) activities.

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Some of the leading competitors are Amazon Web Services (AWS), Google, IBM, Intel, Micron Technology, Microsoft, Nvidia, Qualcomm, Samsung Electronics, Sensory Inc., Skymind, Xilinx, AMD, General Vision, Graphcore, Mellanox Technologies, Huawei Technologies, Fujitsu, Baidu, Mythic, Adapteva, Inc., and Koniku. Deep learning companies have announced mergers and acquisitions to expand their position in the deep learning industry. Major players are also moving into new regions or advanced technologies. For instance, Intel has acquired artificial intelligence chipmaker Habana Labs in 2019 for approx. US$ 2 billion to gain a competitive advantage and also to enhance its deep learning AI capability by increasing its portfolio.

Some of the key observations regarding deep learning industry include:

  • Amazon has officially launched an open-source toolkit on 9th January 2020. The toolkit name AutoGluon is designed for automated machine learning for providing ease to software developers in taking advantage of deep learning models. The new kit is designed for both machine learning experts and beginners to achieve strong, predictive performance in their application.
  • Salk Institute researchers have developed a new microscopy approach for faster brain imaging by 16 times. The researchers have used data from the Texas Advanced Computing Center (TACC), the University of Texas to train their deep learning system.
  • KaiKuTek, a Taiwan based startup led by Taiwan Tech Arena (TTA) has showcased innovative solutions in January at Consumer Electronics Show (CES) 2020. KaiKuTek has developed world-first 60GHz gesture recognition SoC that combines deep learning algorithms, and AI accelerators named mmWave.
  • QuEST Global has demonstrated Deep Learning driven Advanced Driver Assistance Systems (ADAS) at CES 2020. The new deep learning model is intended to enhance ADAS by improving the accuracy in the detection of traffic signs, pedestrians and traffic.
  • Amazon has released Deep Java Library (DJL) at reinvent 2019. The new development is an open-source library with Java APIs particularly to simplify training, testing, deploying, and making predictions with the help of deep-learning models.
  • MATLAB software enables the simple and agile development of advance deep learning networks with higher speed, less memory and better results in 2020 with its new version.
  • Intel has shipped the industry’s first silicon for neural network processor in 2017 named Intel Nervana Neural Network Processor (NNP). The new processor is intended to develop entirely new classes of artificial intelligence applications to maximize the amount of data processed and enable customers to find greater insights with deep learning models.

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iCAD Showcases Technology for Cancer “Discovery to Recovery” including ProFound AI Platform and Xoft System at Arab Health 2020 in Dubai

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NASHUA, N.H., Jan. 27, 2020 (GLOBE NEWSWIRE) — iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced it will showcase its latest advancements in cancer detection and therapy, including ProFound AI™ and the Xoft® Axxent® Electronic Brachytherapy (eBx®) System®, in the iCAD exhibition booth (# S1.C71) at Arab Health 2020 in Dubai from January 27-30. Arab Health is the largest gathering of healthcare companies, technologies, products and services in the Middle East and North African (MENA) region.

“This medical meeting represents a significant milestone for the Company, as it is the first time iCAD’s technologies for both the detection and treatment of cancer will be exhibited together in the Middle East, where breast cancer rates are expected to double between 2012 and 2030 – the highest relative increase of any region globally,”1 according to Michael Klein, Chairman and CEO of iCAD. “A growing body of evidence suggests early cancer diagnosis leads to better outcomes,2,3,4 and demand continues to grow for increasingly targeted, more personalized treatment options. iCAD’s technology is congruent with both of these trending forces in healthcare today.”

iCAD’s Breast Health Solutions suite includes ProFound AI for Digital Breast Tomosynthesis (DBT), as well as software solutions for 2D mammography and breast density. ProFound AI is a high-performing workflow solution featuring the latest in deep-learning artificial intelligence capabilities. In December 2018, ProFound AI for DBT became the first artificial intelligence software for DBT to be cleared by the U.S. Food and Drug Administration; it was also CE marked and Health Canada licensed that same year. ProFound AI for 2D Mammography was CE marked in July 2019.

Intended to be used by radiologists reviewing mammography or DBT images, ProFound AI rapidly and accurately analyzes each individual image, or slice, and identifies potentially malignant lesions. Trained with one of the largest available image datasets, it provides radiologists with crucial information, such as Certainty of Finding lesion and Case Scores, which assists in clinical decision-making and prioritizing caseloads. The technology also allows for continuously improved performance via ongoing product updates.

Positive clinical data from a large reader study involving ProFound AI for DBT were recently published in Radiology: Artificial Intelligence.5 According to study findings, ProFound AI for DBT improved radiologist sensitivity by 8 percent, reduced unnecessary patient recall rates by 7.2 percent, and slashed reading time for radiologists by 52.7 percent.5 Additionally, ProFound AI for DBT cut reading time by up to 57.4 percent for radiologists reading cases with dense breasts.6

“ProFound AI increases my confidence reading 3D mammograms,” according to Lisa Sheppard, MD, PINK Breast Center. “We find this technology not only benefits our patients, reducing unnecessary callbacks and giving us more confidence when we recommend biopsies, ProFound AI fits with our workflow and protocols. Ultimately, this helps us continue to improve patient care.”

iCAD’s flagship product for cancer therapy is the Xoft System, which is FDA-cleared, CE marked and licensed in a growing number of countries for the treatment of cancer anywhere in the body, including early-stage breast cancer, non-melanoma skin cancers (NMSC), and gynecological cancers.

“The Xoft System is an innovative radiation oncology treatment solution that offers significant cost, mobility, and treatment time advantages over competitors or the standard of care,” according to Stacey Stevens, President of iCAD. “It offers a clinically-proven, single-fraction therapy for early-stage breast cancer, while also offering added flexibility to treat other types of cancers, including nonmelanoma skin cancers and gynecological cancers.”

The Xoft System uses a miniaturized x-ray source to deliver a precise, concentrated dose of radiation directly to the tumor site, while minimizing risk of damage to healthy tissue in nearby areas of the body. For the treatment of early-stage breast cancer, intraoperative radiation therapy (IORT) with the Xoft System allows appropriately selected patients to potentially replace four to six weeks of post-operative external beam radiation therapy (EBRT) with a single-fraction of radiation that can last as little as eight minutes.

The Company recently unveiled new and updated x-ray sources and the full suite of applicators for existing and emerging applications at the American Society for Radiation Oncology (ASTRO) Annual Meeting last year. These included applicators in development for minimally-invasive robotic surgery, such as prostate, an advanced prototype for early-stage rectal cancers, and extended-length balloon applicators, now available in 25 cm and 50 cm lengths, which offer added versatility and the potential for additional applications for Xoft eBx in different areas of the body. The Company also showcased its latest extended-life x-ray sources, which feature a ten-fold increase in treatment times, offering time-saving benefits for clinicians and enhancing efficiency. Additionally, the Company offers world-class treatment planning programs, developed for both the Xoft controller and general IORT with the Xoft System.

The full suite of currently available eBx applicators, including those with established data for early-stage breast cancer, gynecological cancers, nonmelanoma skin cancers, and most recently, brain cancers, will be available for demonstration in the iCAD booth throughout Arab Health 2020.

“ProFound AI and the Xoft System are currently available in a growing number of countries worldwide, and demand continues to grow as more clinicians and patients learn about the benefits our cancer detection and therapy solutions offer,” added Klein. “These leading-edge solutions empower physicians to offer more personalized care for patients and are paving the way towards a ‘discovery to recovery’ disease management plan and pathway that may improve patient outcomes in the years ahead as the cancer diagnosis and treatment paradigm continues to evolve.”

References:

1.)    Ginsburg O, Bray F, Coleman MP, Vanderpuye V, Eniu A, Kotha SR, et al. The global burden of women’s cancers: a grand challenge in global health. Lancet. (2017) 389:847–60. doi: 10.1016/S0140-6736(16)31392-7
2.)    Tabár, L. et al. Swedish two-county trial: impact of mammographic screening on breast cancer mortality during 3 decades. Radiology 260, 658–663 (2011).
3.)    The Canadian Task Force on Preventive Health Care. Recommendations on screening for breast cancer in average-risk women aged 40–74 years. CMAJ 183, 1991–2001 (2011).
4.)    Marmot, M. G. et al. The benefits and harms of breast cancer screening: an independent review. Br. J. Cancer 108, 2205–2240 (2013).
5.)    Conant, E. et al. (2019). Improving Accuracy and Efficiency with Concurrent Use of Artificial Intelligence for Digital Breast Tomosynthesis. Radiology: Artificial Intelligence. 1 (4). Accessed via https://pubs.rsna.org/doi/10.1148/ryai.2019180096
6.)    Hoffmeister, J. (2018). Artificial Intelligence for Digital Breast Tomosynthesis – Reader Study Results. [White paper]. Accessed via https://www.icadmed.com/assets/dmm253-reader-studies-results-rev-a.pdf

About iCAD, Inc.

Headquartered in Nashua, NH, iCAD is a global medical technology leader providing innovative cancer detection and therapy solutions. For more information, visit www.icadmed.com.

Forward-Looking Statements

Certain statements contained in this News Release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the future prospects for the Company’s technology platforms and products. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited, to the Company’s ability to defend itself in litigation matters, to achieve business and strategic objectives, the risks of uncertainty of patent protection, the impact of supply and manufacturing constraints or difficulties, uncertainty of future sales levels, protection of patents and other proprietary rights, the impact of supply and manufacturing constraints or difficulties, product market acceptance, possible technological obsolescence of products, increased competition, litigation and/or government regulation, changes in Medicare or other reimbursement policies, risks relating to our existing and future debt obligations, competitive factors, the effects of a decline in the economy or markets served by the Company; and other risks detailed in the Company’s filings with the Securities and Exchange Commission. The words “believe,” “demonstrate,” “intend,” “expect,” “estimate,” “will,” “continue,” “anticipate,” “likely,” “seek,” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. The Company is under no obligation to provide any updates to any information contained in this release. For additional disclosure regarding these and other risks faced by iCAD, please see the disclosure contained in our public filings with the Securities and Exchange Commission, available on the Investors section of our website at http://www.icadmed.com and on the SEC’s website at http://www.sec.gov.

Contacts:
Media inquiries:
Jessica Burns, iCAD  
+1-201-423-4492 Europe:
Emmanuelle Vella, iCAD
+33 6 20 49 48 57 Investor Relations:
Jeremy Feffer, LifeSci Advisors, on behalf of iCAD, Inc.
+1-212-915-2568

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Visteon to Announce Fourth-Quarter and Full-Year 2019 Results, Financial Outlook on Thursday, Feb. 20

GlobeNewswire

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VAN BUREN TOWNSHIP, Mich., Jan. 27, 2020 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC) plans to release its fourth-quarter and full-year 2019 financial results, and financial outlook, prior to 7 a.m. ET on Thursday, Feb. 20. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results, outlook and related matters. The conference call also is available to the general public via a live audio webcast.

The dial-in numbers to participate in the call are:

U.S./Canada: 866-411-5196 
Outside U.S./Canada: 970-297-2404

(Call approximately 10 minutes before the start of the conference.)

The conference call and live audio webcast, related presentation materials, news release and other supplemental information will be accessible in the Investors section of Visteon’s website.

A replay of the conference call will be available through the company’s website or by dialing 855-859-2056 (toll-free from the U.S. and Canada) or 404-537-3406 (international). The conference ID for the phone replay is 5473059. The phone replay will be available for one week following the conference call.

About Visteon

Visteon is a global technology company that designs, engineers and manufactures innovative cockpit electronics and connected car solutions for the world’s major vehicle manufacturers. Visteon is driving the smart, learning, digital cockpit of the future, to improve safety and the user experience. Visteon is a global leader in cockpit electronic products including digital instrument clusters, information displays, infotainment, head-up displays, telematics, SmartCore™ cockpit domain controllers, and the DriveCore™ autonomous driving platform. Visteon also delivers artificial intelligence-based technologies, connected car, cybersecurity, interior sensing, embedded multimedia and smartphone connectivity software solutions. Headquartered in Van Buren Township, Michigan, Visteon has approximately 10,000 employees at more than 40 facilities in 18 countries. Visteon had sales of approximately $3 billion in 2018. Learn more at www.visteon.com.

Follow Visteon:

https://www.linkedin.com/company/visteon/?trk=vsrp_companies_res_photo&trkInfo=VSRPsearchId:522343161373310041683,VSRPtargetId:2865,VSRPcmpt:primary
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Media:Contacts:

Amna Kamal
734-710-2566
akamal@visteon.com

Investors:

Kris Doyle
734-710-7893
kdoyle@visteon.com

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