Day: October 13, 2021

After Newmark executes over $40 billion in U.S. capital markets transactions with offshore investors over five years, ICM group onboards new experts in Asia Pacific and Middle Eastern regions to support growing demand

NEW YORK and HONG KONG, Oct. 13, 2021 /PRNewswire/ — Newmark Group, Inc. announces the expansion of its International Capital Markets (‘ICM’) group with the hiring of Frederick Wong as Executive Managing Director, Asia Pacific Capital Markets and Joseph Morris, Executive Managing Director, Middle Eastern Capital Markets.

The new additions reflect Newmark’s broader strategy to offer a comprehensive suite of commercial real estate services across key regions throughout the world, as the company continues to invest in recruiting and strategic acquisitions internationally. Additionally, they bolster the company’s dedicated ICM team – a group led by Vice Chairman, Divisional Head of International Capital Markets Alex Foshay – which has executed over $40 billion in U.S. capital markets transactions with offshore investors in conjunction with local Newmark advisors over the past five years. The group facilitates cross-border capital flows via a broad range of investment structures, working with non-domestic investors on the deployment of capital into real estate and related sectors, from Europe, the Middle East, the Americas and Asia Pacific.

“Newmark’s capital markets capabilities have long served as a cornerstone of our platform, both domestically and internationally,” said Newmark Chief Executive Officer Barry Gosin. “As geographical barriers for cross-border investment continue to disappear, we’re eager to reinvest in this growing vertical with two key executive hires, both of which fortify our reach in some of the most dynamic global markets.”

Based in Hong Kong, Frederick Wong will manage cross-border investment activity with ICM’s clients throughout the Asia Pacific region. He brings over 20 years of experience across real estate investment banking and financial services, including both public and private capital market advisory. Over the course of his career, Wong has completed more than $20 billion in direct asset and portfolio sales, recapitalizations, initial public offerings, public bond issuances and loan syndications. Prior to joining Newmark, he was a Partner at Brookfield Financial, where he advised on real estate transactions in Greater China and the wider Asia Pacific markets. Wong has also held leadership positions with Macquarie Capital’s Greater China real estate investment banking division, UBS’s Greater China and Asia banking team, and Credit Suisse’s investment banking division.

Joe Morris will take on responsibility for investor groups across the Middle East region. Based in Dubai, Morris brings over 18 years’ experience in real estate capital markets across all major real estate sectors in both buy-and-sell-side roles and has worked on over $10 billion of completed transactions. During his career, Morris has provided coverage of sovereign, institutional and private capital sources across the Middle East, including as a Partner at Knight Frank and Head of MENA Capital Markets, responsible for both regional and international investment on behalf of a Middle East investor base.

“I’m excited to welcome Fred and Joe to the dedicated ICM team after what has been an extremely active year for our platform,” said Foshay. “Our team has done an excellent job navigating the challenges of the pandemic to execute complex transactions, as non-domestic investors seek opportunities to capture today’s low hedging costs, favorable financing and attractive levered returns in the U.S. market. With their breadth of experience and expansive regional networks, I’m confident that Fred and Joe will provide immediate value to our growing stable of clients.”

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.2 billion for the trailing twelve months ending June 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

Photo – https://mma.prnewswire.com/media/1658855/Wong_Frederick.jpg
Photo – https://mma.prnewswire.com/media/1658854/Morris_Joseph.jpg
Logo – https://mma.prnewswire.com/media/1057994/Newmark_Group_Inc_Logo.jpg

DUBAI, UAE, Oct. 13, 2021 /PRNewswire/ — Penta Security Systems Inc., a leading cybersecurity company from South Korea, will showcase its web application firewall WAPPLES at its channel partner RAS Infotech’s exhibition booth at GITEX Technology Week 2021. To be held at the Dubai World Trade Center from October 17 to 21, GITEX is the largest IT exhibition in the Middle East and Africa region, attracting over 100,000 visitors each year.

An ICSA-certified third-generation WAF, Penta Security’s WAPPLES has long been the market share leader for five consecutive years in the Asia-Pacific region and has recently gained increasing popularity among organizations in the Middle East, North Africa, and Eastern Europe. Penta Security’s entrance to the MENA market began when it partnered with RAS Infotech, a major cybersecurity solutions provider in the Middle East and South Asia region with a network of over 200 resellers.

In less than two years, WAPPLES has been adopted by numerous businesses, public institutions, and NGOs in the region due to a surge in web attacks during the COVID-19 pandemic, as reported in Penta Security’s semi-annual Web Attack Trends Report, which illustrated a growing number of extension filtering attacks in Asia and request header filtering attacks in Africa.

WAPPLES was designed to tackle this growing threat. Its greatest advantage comes from its COCEP^TM Engine, a proprietary detection engine that runs on AI-based logical rules instead of using conventional signature lists, enabling robust defense against all OWASP Top 10 web application security risks and protection against zero-day vulnerabilities. More importantly, it exhibits a near-zero false positive rate, ensuring maximized system performance.

“COVID-19 has pushed digitalization in virtually all sectors and regions across the globe, yet this revolution has also triggered a new wave of more sophisticated cyberattacks, posing a greater risk to organizations,” said DS Kim, Chief Strategy Officer of Penta Security. “We hope that more organizations in the MENA region can benefit from WAPPLES and stay safe in this new era.”

Find out more about WAPPLES and RAS Infotech at Booth H2-D20 between October 17 and 21, or visit pentasecurity.com/product/wapples.

About Penta Security

A global leader in web, data, and IoT security with 24 years of expertise in powering secured connections, Penta Security is the top cybersecurity vendor in Asia, as recognized by Frost & Sullivan. Its web application firewall WAPPLES has been the market leader in the Korean market for 13 consecutive years since 2009 and later dominated the entire Asia-Pacific region by obtaining the largest market share since 2016. Since then, it has gradually gained a presence in Europe, the Middle East, and North America. For more information on Penta Security, visit pentasecurity.com. For partnership inquiries, email info@pentasecurity.com.

The 210Wh battery can be fully recharged in 1.5 hours and is available in select global markets

LOS ANGELES, Oct. 13, 2021 /PRNewswire/ — EcoFlow, a portable power and renewable energy solutions company, today launches the EcoFlow RIVER mini Portable Power Station in APAC, LATAM, the Middle East, and Africa. Designed to provide handy power for both work and recreation, RIVER mini is the most portable and compact power station in EcoFlow’s RIVER product line with a capacity of 210Wh.

Earlier this year, EcoFlow’s DELTA Pro and DELTA Max, both designed for multiple-day home backup power, broke Kickstarter’s record for most funded tech project. Known for innovating large-capacity batteries, EcoFlow also recognizes the market’s need for an anytime, anywhere power source. Inheriting the brand’s fast-charging and high-output technology, the EcoFlow RIVER mini fills the market’s void of such products without sacrificing capability and versatility.

“There’s a growing demand in portable power as more people, especially the younger generation, tend to step outdoor both for work and recreation, but portability often comes with a price,” said Thomas Chan, R&D Director at EcoFlow. “The EcoFlow RIVER mini redefines the definition of portability, as it perfectly combines portability and power. It is truly a grab-and-go power station powerful enough to make a difference in people’s daily life.”

Industry-leading fast charging

With EcoFlow’s X-Stream technology, the EcoFlow RIVER mini supports AC input up to 300W and can be recharged from 0% to 100% in 1.5 hours (similar products typically take four to eight hours). It also supports solar and car input, both up to 100W, and takes three to six hours and 3.5 hours to be fully recharged respectively.

Functional and aesthetic design

The design of the EcoFlow RIVER mini takes into consideration of both functionality and the sense of beauty. The EcoFlow RIVER mini can simultaneously power eight devices with its two AC ports, one DC/car port, four USB ports, and 15W wireless charging. Besides, its jet-black exterior and subtle curves reflect a modern aesthetic and technology feeling, making it a fine decoration to workplace, home, or any outdoor scenario.

Powers 90% of consumer electronics

With a rated output of 300W, the EcoFlow RIVER mini features the X-Boost technology, which allows it to power some 600W devices. That means the EcoFlow RIVER mini, compact as it is, can power 90% of consumer electronics including laptops, televisions, desktop computers, fridges, and vacuum cleaners.

Even quieter than the library

The running and recharging noise of the EcoFlow RIVER mini is between 38 to 44 decibels, which is equivalent to the sound level of a library. The low sound level of the EcoFlow RIVER mini enables it to turn any place like a library or a coffee shop into an office.

Availability

For the availability of the EcoFlow RIVER mini, please go to the local dealers in your country/region.

Photo – https://mma.prnewswire.com/media/1658142/image_1.jpg