ATHENS, Greece, Sept. 4, 2024 /PRNewswire/ — Huawei and partners National and Kapodistrian University of Athens (NKUA) and the start-up PROBOTEK have successfully tested a forest fire prevention system in Greece.

The partners tested the real-time detection system using a smoke and fire simulation. The solution, developed under Huawei’s TECH4ALL initiative, will enable emergency services to respond to potential forest fires within 15 minutes, the timeframe within which fire risks can be best controlled.
“For the past 20 years, Huawei has introduced leading technologies to Greece, believing in the power of innovation to protect the environment, preserve biodiversity, and ensure the safety of citizens and their property,” said Ren Fujun, CEO of the Southeast European Region of Huawei.
With hot, dry, and windy summers, the Greek mainland and its islands are highly susceptible to outbreaks of large-scale forest fires. Given the impact of climate change, fire outbreaks in Greece are increasing in number and frequency every year, causing potentially permanent impact on natural ecosystems and posing increased risk of human casualties and property damage.
Conducted by NKUA and PROBOTEK, the smoke and fire simulation test took place at NKUA’s premises in a forested area of Athens. Connected by Huawei’s network technologies, sensors in the forest prompted the command center to deploy an automated drone to the test site.
Based on video footage transmitted by the drone coupled with meteorological and geomorphological data, AI analysis was able to identify fire and smoke events in real time and predict:
The fire’s path and area it would coverThe time it would take to reach inhabited areasWhich areas would be at risk from fires and require evacuationInformation about evacuation routesThe emergency response system comprises an AI-based command center networked to 5G-connected drones and sensors that detect particles in the air, CO2, temperature, wind direction and speed.
The first phase of the solution, which was introduced in 2022 in Syggrou Estate near Athens, used drones and AI to detect fires. The new solution extends the system’s functionality to provide fire spread analysis, evacuation planning, and route planning for fire trucks and ambulances. It can also estimate how many people in the area will be affected by the fire, and send personalized notifications via an app to residents’ phones, suggesting evacuation routes based on the municipality’s civil protection plans.
The solution as a whole will enable rapid-response evacuation protocols that will save lives and mitigate the extensive damage to land and property that wildfires typically cause.
A demonstration of the solution in action is featured in Connecting with Nature, the 3rd episode of Discovery’s documentary “Being Digi-Sapiens”, showcasing the precision of the system first-hand, including how the sensors are triggered and drones deployed.
About Huawei TECH4ALL
TECH4ALL is Huawei’s long-term digital inclusion initiative, which aims to drive inclusion and sustainability in the digital world.
For more information, visit the Huawei TECH4ALL website at: https://www.huawei.com/en/tech4all
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The partnership empowers insurers with enhanced risk evaluation and underwriting decisions
UXBRIDGE, England, Sept. 4, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today a partnership with Addresscloud, a cloud-based location intelligence provider, to empower insurers with enhanced capabilities to understand geographic risk and make more informed underwriting decisions with access to global geospatial datasets.

The partnership offers several key benefits, including accurate geocoding, which ensures precise location data for every insured property and minimises errors in risk assessment and claims processing. Insurers will also gain access to comprehensive property data, providing detailed information about insured properties, including their proximity to hazards and other relevant factors, thereby empowering thorough risk evaluation. 
The collaboration also enhances accumulation management by analysing geographic concentrations of risk, mitigating potential losses, and optimising risk distribution strategies across portfolios. By integrating Addresscloud’s precise geolocation services and advanced mapping capabilities with Sapiens’ core P&C products, the partnership offers insurers a stronger, more comprehensive solution. This powerful combination enables deeper insights, more informed decision making, streamlined workflows, and improved data accuracy, ultimately delivering a superior user experience. The use of peril scores allows for the assessment of the likelihood and severity of various perils, such as flood, wind, fire, and subsidence, leading to better-informed underwriting decisions and pricing strategies. Subsidence refers to the gradual sinking or settling of the ground’s surface with minimal horizontal motion. 
“We’re excited to announce our partnership with Sapiens, as it marks a significant step forward in transforming how insurers access and utilise location intelligence,” said Mark Varley, CEO of Addresscloud. “Sapiens’ commitment to providing world-class technology solutions aligns perfectly with our mission. By integrating our services, insurers can now seamlessly incorporate precise address matching, geocoding services, and comprehensive property and peril information into their workflows, enhancing their competitive edge in the market.” 
“Our collaboration with Addresscloud underscores our dedication to delivering innovative solutions that drive the insurance industry forward,” said Alex Zukerman, Sapiens Chief Strategy Officer. “Sapiens provides a robust suite of advanced analytics and data integration capabilities, enabling insurers to gain unparalleled insights into geographic risks. By leveraging our comprehensive software solutions, insurers can achieve greater accuracy in risk assessment and pricing, ultimately leading to more effective risk management and improved profitability.” 
About Addresscloud 
Founded in 2015, Addresscloud is a geospatial platform that helps insurers enhance underwriting with precise address-level data and risk assessments. Using advanced cloud technology, it delivers fast, scalable, and accurate location intelligence through APIs, allowing insurers to make better decisions. Addresscloud’s services support key functions like address capture, risk analysis, and accumulation management, integrating smoothly into insurance workflows. The platform powers underwriting journeys globally, streamlining operations, and improving pricing accuracy while ensuring high uptime and performance reliability. For more information, visit Addresscloud
About Sapiens 
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. We help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative SaaS offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success. Visit our website at www.sapiens.com
Investor and Media Contacts Sapiens:Yaffa Cohen-Ifrah Sapiens Chief Marketing Officer and Head of Investor Relations Email: [email protected]
Addresscloud:Kirsty Plank, Full Circle Communications Email: [email protected]
Forward Looking Statements
Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:  the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic, and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.
While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
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New capabilities, new offerings, & 15X read capacity increase make the industry’s most comprehensive graph offering easier to try, build & buy
NEW YORK, Sept. 4, 2024 /PRNewswire/ — Graph database and analytics leader Neo4j® today announced a major transformation of its Aura cloud database management system (DBMS) portfolio – making it dramatically easier for enterprises to try, build, and accelerate graph in production for any workload or use case. The announcement comes amid rising growth and demand for Neo4j’s cloud offering, driven by the critical role of graph databases in GenAI and advanced analytics applications and accelerated by GraphRAG.

“By 2025, graph technologies will be used in 80% of data and analytics innovations — up from 10% in 2021 — facilitating rapid decision-making across the enterprise,” predicts Gartner®.1   Gartner on GraphRAG technology also notes in its Hype Cycle™ report, “RAG techniques in an enterprise context suffer from problems related to the veracity and completeness of responses caused by limitations in the accuracy of retrieval, contextual understanding, and response coherence. KGs (Knowledge Graphs), a well-established technology, can represent data held within documents and the metadata relating to the documents. Combining both aspects allows RAG applications to retrieve text based on the similarity to the question and contextual representation of the query and corpus, improving response accuracy.”2
Neo4j’s announcement, made on the eve of its GraphSummit enterprise conference in New York, reinforces the company’s market position as the leading native graph database. It offers the most comprehensive and performant graph offering with vector search and search capabilities, the largest library of 65+ graph algorithms, deployment flexibility in any cloud or environment, and unrivaled community support. 
Capabilities are available now and include:
New Aura console with GenAI co-pilot as a unifying hub to easily administer, manage, ingest, model, and visualize data efficiently across all of Neo4j’s offerings and tools. Administrators and developers can also interact with these tools in natural language, eliminating the need for Cypher query language expertise.New no/low-code interactive dashboard builder NeoDash that easily creates maps, graphs, bar and line charts, tables, and other visuals for anyone to understand, analyze, and interact. While developers have used NeoDash as part of Neo4j Labs, it is now a fully supported offering for enterprises.New self-serve offering, Neo4j AuraDB Business Critical, at a 20%+ lower price point than Neo4j’s traditional AuraDB Enterprise offering and designed for highly available workloads requiring advanced security. The new tier follows on the heels of Neo4j’s explosive cloud growth and growing demand for an easy-to-access enterprise offering. Customers requiring dedicated environments, such as those in highly regulated industries, can continue to use AuraDB Enterprise, now renamed AuraDB Virtual Dedicated Cloud. Neo4j will also make its AuraDB Professional tier available as a free trial for use cases in production.15x scale improvement in real-time read capacity. Neo4j can now process 15X more real-time data within each cluster without compromising on latency or performance. The result enables uninterrupted processing of data-intensive analytics workloads even as customer data volumes increase.Advanced enterprise control, audit, and compliance capabilities that include Customer Managed Encryption Keys that the customer owns, controls, and uses to encrypt and protect their data; and Security Log Forwarding enabling customers to stream and audit security logs in real-time. Neo4j achieved SOC 2 Type 2 and HIPAA compliance earlier this year, with additional certifications here.Supporting quotes
Álvaro Rodrigues, Manager, Cloud Services & IT Infrastructure, Qualicorp”Neo4j’s fully managed Aura database has significantly reduced the operational effort and helps to avoid any disruptions by eliminating the need for manual version upgrades or updates at the database level, OS level, or security patches. Qualicorp is excited by Neo4j’s latest enhancements to its graph database solutions and its potential to take insights to the next level.”
Aadil Dowlut, Ph.D, Data Science Chapter Lead, Spark NZ”The rapid development and evolution of graph database technology has presented an extraordinary opportunity to propel our machine learning and GenAI solutions forward. These advancements hold the potential to revolutionize our data organization and connectivity, unlocking unprecedented levels of insight and decision-making. By seamlessly integrating graph databases into our AI models, we can significantly enhance the grounding of large language models (LLMs). This integration ensures that our models generate responses which are rooted in real-world data, delivering contextually accurate and actionable insights across the organization.”
Chris Jangareddy, Managing Director, AI, GenAI and Data Engineering, Deloitte Consulting LLP  “As business leaders embrace Generative AI, Neo4j’s newest capabilities help enrich our clients with more accurate and contextually rich business results. Our relationship with Neo4j is just one more demonstration of Deloitte’s commitment to building our AI ecosystem of alliances to give our clients access to the leading-edge technologies that can help them realize competitive advantage.”
Sudhir Hasbe, Chief Product Officer, Neo4j”Today’s announcement marks a pivotal leap forward in our mission to empower enterprises with the industry’s most robust, scalable, and performant graph database management solution. Simultaneously, these innovations lower adoption barriers for graph technology and GraphRAG for GenAI, enabling organizations to push the envelope on what’s possible for their data and their business.”
For more information, read our blog post or attend a Neo4j GraphSummit in a city near you.
About Neo4j
Neo4j, the Graph Database & Analytics leader, helps organizations find hidden patterns and relationships across billions of data connections deeply, easily, and quickly. Customers leverage the structure of their connected data to reveal new ways of solving their most pressing business problems, from fraud detection, customer 360, knowledge graphs, supply chain, personalization, IoT, network management, and more – even as their data grows. Neo4j’s full graph stack delivers powerful native graph storage with native vector search capability, data science, advanced analytics, and visualization, with enterprise-grade security controls, scalable architecture, and ACID compliance. Neo4j’s dynamic open-source community brings together over 250,000 developers, data scientists, and architects across hundreds of Fortune 500 companies, government agencies, and NGOs. Visit neo4j.com.
Contact:[email protected]/pr
©2024 Neo4j, Inc., Neo Technology®, Neo4j®, Cypher®, Neo4j Bloom™, Neo4j Graph Data Science Library™, Neo4j® Aura™, and Neo4j® AuraDB™ are registered trademarks or a trademark of Neo4j, Inc. All other marks are owned by their respective companies.
1 Gartner, Emerging Tech Impact Radar: Data and Analytics, By Kevin Quinn, Radu Miclaus, Ben Fieselmann, et al, November 20, 20232 Gartner, Hype Cycle for Generative AI, 2024, By Arun Chandrasekaran, Leinar Ramos, 31 July 2024
Gartner and Hype Cycle are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
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