APR

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Archive for the ‘Press Releases’ Category

LG Ultrafine 5K/4K Displays Designed for the Ultimate Mac User Experience

Wednesday, November 2nd, 2016

Karachi, November 02, 2016 ― LG Electronics (LG) is introducing two new displays designed specifically to integrate seamlessly with the newest MacBook and MacBook Pro models. The new UltraFineTM 27-inch 5K display and its 21.5-inch 4K display from LG are ideal for creating an expanded work space in the home or office and the perfect complement for MacBook and MacBook Pro users who desire expansive, high-quality resolution at all times.

27-Inch UltraFine 5K Monitor with Thunderbolt 3
Designed and optimized for the new MacBook Pro with Thunderbolt 3 running macOS 10.12 and later, the stunning 27-inch UltraFine 5K display appeals to a range of creatives, including video and photography professionals. With a breathtaking resolution of 5120 x 2880 and 218 pixels per inch (ppi), the color reproduction capabilities of the UltraFine 5K display allow it to cover 99 percent of the P3 color space. What’s more, the monitor’s advanced IPS display technology minimizes color shift and color loss from any viewing angle, ensuring that users see the original content as it was meant to be seen.

LG UltraFine5K 4K Monitors 01

As the world’s first 5K display with Thunderbolt 3, LG’s UltraFine 5K display has the capability to receive and transfer 5K video, audio and data from the new MacBook Pro while simultaneously charging it through a single Thunderbolt 3 cable. The UltraFine 5K display features three downstream USB Type-C ports for additional connectivity and power with compatible accessories. Seamless macOS integration enables brightness and volume control like built-in display without the need for physical buttons on the display.

The front-facing camera and microphone works with FaceTime and high fidelity integrated speakers enhanced by LG’s Rich Bass feature completes the multimedia experience while a height and tilt-adjustable stand maximizes user comfort.

21.5-Inch UltraFine 4K Monitor
With a density of 219ppi that gives this display the ability to present sharp 4K resolution (4096 x 2304) image quality, the UltraFine 4K display is the perfect companion for the MacBook while also supporting the new MacBook Pro. The 21.5-inch model covers 99 percent of the P3 spectrum, boasting vibrant brightness levels and an IPS panel capable of providing more uniform color expression. Featuring USB Type-C connectivity for video, data and power over a single cable and macOS integration for display control, the LG UltraFine 4K display offers three downstream USB Type-C slots, a high-quality Rich Bass Speaker and an adjustable stand for enhanced ergonomics.

“We are excited to be introducing two highly advanced displays capable of meeting the needs of even the most demanding Mac users,” said Brian Kwon, president of LG Home Entertainment Company “Not only do these UltraFine displays offer stunning picture quality, they will usher in a new age of connectivity, helping creative users achieve optimal efficiency in their homes, studios or offices.”

The LG 21.5-inch UltraFine 4K display will be available starting in November while the LG 27-inch UltraFine 5K model will be available in early December starting in the United States. Please visit www.apple.com for more information on LG UltraFine displays and details on pre-ordering the 21.5-inch 4K monitor.

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Merck Divests Its Shareholding in Pakistan Business to Martin Dow

Monday, November 7th, 2016

  • Merck’s healthcare and life science products continue to be available to patients and customers in Pakistan
  • The agreement includes a job guarantee for all permanent and contract employees for two years
  • Sustainable future of manufacturing sites in Quetta and Karachi secured

Karachi, Pakistan, November 07, 2016 –Germany’s Merck KGaA has executed a binding contract to divest its shareholding in Pakistan to Martin Dow Ltd., a leading pharmaceutical company in Pakistan. The companies also agreed on long-term agreements whereby the business in Pakistan will have access to Merck healthcare and life science portfolios, ensuring continued supply of its products to its patients and customers.

“We are convinced that Martin Dow will be a great partner who will ensure sustainable long-term growth of the Pakistan business,” Simon Sturge, chief operating officer of Merck’s healthcare business said. He added that the divestiture was due to strategic reasons.

The Marker family, the founder of the business, will remain a shareholder along with Martin Dow and together, they will uphold the values and ethics that have been the hallmark for Merck’s valued employees, patients and other stakeholders.

Under the new owners, Merck Pakistan will continue to operate as a separate legal entity, with the same employees. No operations will be shutdown and there will be no job termination as a result of this transaction, as Martin Dow is committed to continuing and growing the existing business. Martin Dow has also agreed on a two-year job guarantee for all permanent and contract employees. In addition, Merck will pay its employees a welcome bonus at closing.

“We intend to build Merck’s outstanding record in Pakistan further and protect employees rights in the same manner as has been prevalent all these years in Merck,” Jawed Akhai, Chairman of Martin Dow said. “I am sure all employees and other stakeholders will take pride in the fact that they will now be an integral part of the country’s fastest growing pharmaceutical group.”

The companies agreed to not disclose the financial terms of the deal.

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Emirates signs multi-million dollar deal with Thales to provide IFEC solutions for new Boeing 777X fleet

Wednesday, November 9th, 2016

Karachi / Dubai, November 09, 2016 – Emirates today announced it has signed an agreement with Thales to equip its Boeing 777X fleet with Thales AVANT inflight entertainment system. The airline will work in partnership with Thales to develop and enhance the state-of-the-art inflight entertainment and connectivity (IFEC) system to be fitted on its new Boeing 777X aircraft due for delivery starting in mid-2020.

This major investment underscores Emirates’ continued commitment to providing the best possible passenger experience, and its strategy to ensure the best and latest technology complements its young and modern fleet.

Emirates Pic.

Emirates sign deal

“Our partnership with Thales represents a significant investment and emphasis on customer experience, which has always been a priority for us. The new Boeing 777X aircraft will herald a new era for the Emirates fleet, and we want to ensure that our product offering on these fuel-efficient planes will be a benchmark for the industry, including the inflight entertainment experience. We look forward to revealing more details when the time is right,” said Adel Al Redha, Executive Vice President and Chief Operations Officer, Emirates Airline.

He added: “In addition to customers, the size and long-term nature of this deal also benefits the broader aviation industry, and we are pleased that this new partnership will help support thousands of highly skilled jobs across the Thales ecosystem – in France and elsewhere around the world.”

The deal covers IFEC systems for Emirates’ first 50 Boeing 777X aircraft. The airline has a firm order of 150 Boeing 777X aircraft. The new Thales AVANT system will feature an innovative and highly customisable user experience, providing a further boost to Emirates’ award winning inflight entertainment system, ice.

“Thales is proud to be selected by Emirates to provide the award winning AVANT inflight entertainment solution for their future B777X fleet. Emirates is at the forefront of innovation in passenger experience delivering remarkable services to its customers and Thales is honoured to support this continued success. We are committed to delivering excellence in customer satisfaction and driving the highest standards in passenger engagement, now and into the future,” said Dominique Giannoni, CEO, Thales InFlyt Experience.

Emirates has an unbeaten 12-year record as the winner of World’s Best Inflight Entertainment award at the Skytrax World Airline Awards. The airline offers up to 2,500 channels on demand including the latest blockbuster movies, award-winning television box sets, comedy series, live TV, music and computer games. Currently, 85% of Emirates’ fleet of 240 passenger aircraft is equipped with Wi-Fi on board including all A380 aircraft and 107 aircraft are equipped with live TV, which has up to nine channels of live news and sport.

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Emirates Skywards eases ground travel with Careem partnership

Friday, November 18th, 2016

Karachi, November 18, 2016 — Dubai, UAE, 10 November 2016 – Emirates Skywards, the award-winning frequent flyer programme of Emirates airline, has signed on Careem as its latest partner.

Emirates-Skywards-Careem

Emirates Skywards is the only frequent flyer programme to offer both accrual and redemption opportunities with the region’s leading car booking app.

The exclusive partnership provides Emirates Skywards members with even more affordable redemption opportunities within the travel space. Careem is one of the fastest growing companies in the region and is currently available in 9 countries. Members can accrue or redeem Skywards Miles when using Careem services in the UAE, Qatar, Saudi Arabia, Lebanon, Jordan, Egypt, Pakistan, Kuwait and Morocco.

Members can pre-book or request a car instantly via the Careem mobile app. To earn Skywards Miles, members must add their Emirates Skywards membership number to their Careem account, using the same name as their Emirates Skywards account. 1 Mile will be earned for every US$ 2 spent on Careem.

Miles can be redeemed for Careem Credit via emirates.com with redemption values offered in blocks of US$ 25 equivalent to 4,500 Skywards Miles.

Emirates Skywards is in its 16th year and has over 16 million members. In addition to special offers with partner airlines, hotels and retail brands, members also enjoy special access to global sporting, arts and cultural events.

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PPAF Wins Prestigious Energy Institute Award 2016

Thursday, November 17th, 2016

Islamabad, November 17, 2016: The Pakistan Poverty Alleviation Fund has received global recognition for its Community Managed Hydropower Plants. The award winning project is about 55 micro hydro plants completed in Northern Areas during the period 2004 to 2015 with funding from the World Bank, and the United States Department of Agriculture The prestigious Energy Institute (EI), UK has selected these PPAF projects in the EI Awards Community Initiative category for 2016. Besides clean energy the project is providing light and much needed economic opportunities through enterprise development for nearly 12,000 households.

Yourjogh MHP

PPAF is at forefront to play lead role in increasing access to modern, affordable, reliable and sustainable energy resources. PPAF began its renewable energy programme in 2003 and has completed over 3,900 projects of different types and sizes through grants and microcredit funded by the World Bank, United States Department of Agriculture (USDA), and the German Ministry of Economic Cooperation and Development (BMZ) through the German Development Bank (KfW). These include development of mini hydroelectric plants, decentralized solar lighting and solar home systems, wind energy projects, solar-wind hybrid systems, solar water pumping projects and biogas plants.

PPAF with funding from KfW is currently implementing the Hydropower and Renewable Energy project. Under this project, PPAF through its partner organizations is implementing 5 Micro and Mini Hydro Power Projects ranging from 36 kW to 306 kW in Chitral, Buner, and Upper Dir districts of KP while the Solar Lighting System (SLS) component of the Project covers 96 mini-grid systems with a cumulative capacity of 500 kW in the Lakki Marwat, Karak and Swabi districts of KP.

PPAF and its development partners share a vision where access to renewable energy can improve the socio-economic conditions of underdeveloped and underserved communities. The energy crisis today is the greatest challenge to Pakistan’s social and economic development. Despite having immense potential of renewable energy resources including wind, solar, and hydel, the country has been facing severe electricity shortages for the past 10 years.

Qazi Azmat Isa, CEO of PPAF, said, “PPAF is committed to combating poverty and mitigating the effects of climate change on marginalized communities across Pakistan. Many such communities are without access to energy and with the continuing energy crisis in Pakistan it is essential that we increase their access to affordable, reliable, modern and sustainable energy. The EI Award is a testament to our efforts in increasing access to energy.”

The EI Awards are run annually by the Energy Institute to celebrate the outstanding achievements in the energy sector by both individuals and organizations. The EI Awards recognize those in the industry who have demonstrated excellence and innovation in their daily work, and thus made an invaluable contribution to shaping our energy future. This year, there were over 140 entries for the EI Awards from across 23 countries including India, Pakistan, Nigeria, Saudi Arabia, UAE, Malaysia, Hong Kong, Australia, United States, Canada and many of the European countries.

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LG Honored with 21 CES 2017 Innovation Awards

Tuesday, November 15th, 2016

Karachi / Seoul, November 15, 2016 ― The Consumer Technology Association (CTA™) is recognizing LG Electronics (LG) for groundbreaking innovations in technology and design with 21 CES 2017 Innovation Awards, including recognition for the company’s ultra-premium LG SIGNATURE product portfolio, OLED TV and the high performance LG V20 multimedia smartphone. This marks the fifth consecutive year that LG OLED TVs have received a CES Innovation Award, the official industry recognition for the most innovative products introduced at the largest annual consumer technology trade show.

CES Innovation Award

CES 2017 also marks the 50th anniversary of the world’s largest tech trade show, which LG and its Zenith subsidiary have been a part of since its founding in 1967. LG was recognized in 11 highly competitive categories including Home Appliances, Home Audio & Video Components and Accessories, Wireless Handsets, Wireless Handset/Accessories, Video Displays, Smart Home, Headphones, Tech for a Better World, Eco-Design/Sustainable Technologies, Portable Media Players, and Computer Peripherals. The award-winning products will be exhibited at CES 2017 in Las Vegas from January 5-8, 2017.

Leading the company’s CES 2017 Innovation Award winners are LG SIGNATURE brand products, which earned coveted accolades in TVs, washing machines and dishwashers. LG SIGNATURE products combine the best of LG’s cutting-edge technology and world-class design with exquisite attention to detail for today’s most discerning consumers. The second generation LG SIGNATURE OLED TV, which will be unveiled at CES 2017, earned top industry honors in video displays with the “Best of Innovations Award” for the second consecutive year.

Sponsored by CTA and endorsed by the Industrial Designers Society of America, CES Innovation Awards are selected annually by a panel of esteemed industry designers, engineers and journalists who judge submissions on a variety of criteria which span user value, aesthetics, innovative design, quality and contributions to quality of life.

The full list of LG’s 2017 CES Innovation Award winners will be announced in conjunction with LG’s CES press conference at 08:00 PST on January 4, 2017 at the Mandalay Bay Resort in Las Vegas.

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LG Leverages Display Expertise, Enters Medical Imaging Market

Tuesday, November 29th, 2016

Karachi, November 29, 2016 ― Leveraging years of experience in advanced flat-panel display technology, LG Electronics (LG) is entering the growing medical imaging devices market with the introduction of clinical and surgical monitors designed to empower health care professionals to make accurate and informed life-saving decisions. The new monitors and an advanced new radiography device are being previewed this week at RSNA 2016, the annual meeting of the Radiological Society of North America in Chicago.

LG 8MP Clinical Review Monitor
The LG 8MP Clinical Review Monitor is a 27-inch IPS monitor driving 3840 x 2160 pixels specifically designed to increase hospital staff efficiency by enabling streamlined work flows and multitasking. In addition to enhanced brightness levels, this monitor provides healthcare professionals with wide viewing angles, minimal color shift and accurate images. The monitor is Digital Imaging and Communications in Medicine (DICOM) compliant, which means that grayscale tones are corrected to maintain image accuracy. Finely calibrated to ensure consistency across multiple devices, the monitor is equipped with backlight stabilization technology to guarantee stable luminance levels. Dynamic Sync Mode reduces input lag, while Flicker Safe and Reader Mode settings help reduce eye strain experienced by doctors and nurses working long shifts.

LG Clinical Review Monitor

LG 8MP Surgical Monitor
The 27-inch LG 8MP Surgical Monitor was developed for a wide range of uses in the operating theater. In particular, surgeons who favor minimally invasive surgical techniques will benefit greatly as they make precise observations while viewing LG’s wide and highly accurate monitor. The unparalleled clarity of LG’s 8MP UHD panel helps doctors perform technically complex procedures and the monitor’s IPS technology enables multiple medical professionals to view the monitor from different angles with minimal color shift. Boasting brightness levels of up to 800 nits, LG’s surgical monitor is ideally suited for bright operating rooms. This monitor covers over 99 percent of the sRGB color space with additional space dedicated to the deep red spectrum, enabling doctors to more easily distinguish different types of tissue and blood vessels.

LG Digitalized X-Ray Detector for Radiography
In today’s hospitals, medical technology that is portable, lightweight and durable is key to providing outstanding patient care. Previewed at RSNA 2016, the LG DXD (digitalized X-ray detector) produces high quality radiography images within seconds using its 16-bit image processing capabilities and a pixel pitch range as small as 127 micrometers, producing super-high-resolution images for radiographers and radiologists to quickly and accurately identify health issues. A magnesium and carbon fiber body make the LG DXD well-suited to serve patients in a range of medical settings and the IP41 rating for water and dust resistance helps assure optimal performance even when this DXD comes in contact with powders or liquids.

“LG’s entry into the medical imaging device market represents a bold new step in our strategy to expand LG’s position in the B2B market,” said Brian Kwon, president of LG Home Entertainment Company. “As a worldwide leader in the premium display industry, we are confident that LG technology will make a significant contribution to hospitals and medical facilities as they seek to improve the accuracy, quality
and efficiency of their diagnostic procedures.”

The RSNA is an association of more than 54,000 radiologists, radiation oncologists, medical physicists and related scientists, promoting excellence in patient care and health care delivery through education, research and technologic innovation (RSNA.org). LG’s new medical imaging devices are being demonstrated for the first time at RSNA 2016, which runs through Dec. 2. The clinical and surgical monitors will roll out in key markets soon thereafter. The LG DXD will be available in 2017.

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