AsiaNet Daily Summary - Press Releases for Thursday June 27, 2002

TORONTO: A new Person-to-Person money transfer service Email Money Transfers, using emails to notify customers when banks transfer their funds, is being offered by a number of financial institutions in Canada, a media release revealed. "Canadians will be able to email money directly from their bank accounts to anyone with an email address and a Canadian bank account," says Michael Ginsberg, CEO of CertaPay.

ATLANTA: CIBA Vision Corporation, the eye care unit of Novartis AG, has won its court case against Bausch & Lomb for patent infringement after filing a lawsuit claiming Bausch & Lomb's PureVision product infringed on the CIBA Vision U.S. Patent, the company reported today. "We were quite confident in the validity of this patent and the infringement by Bausch & Lomb and are extremely pleased with the speed with which this case was heard and resolved," said Scott Meece, Vice President and General Counsel for CIBA Vision.

MOUNTAIN VIEW: Sony Broadband Solutions has showcased the first successful technology demonstration of an IPv6-compliant network with video on demand capabilities, using broadband infrastructure software company Kasenna's MediaBase MPEG-4 server (the demonstration involved the creation of a real-time, interactive virtual world where online 'personas' can interact and collaborate) a media release revealed. "We are excited and proud to work with Sony Broadband Solutions on this forward thinking project," said Rajiv Puranik, VP of Engineering for Kasenna.

LONDON: Bowman Power Limited, Southampton (UK) based micro-turbine system manufacturer, announced it has raised a further 15 million pounds from a group of leading global investors in its latest funding round, the company reported today. The company needs funding to develop its Turbogen family of small scale compact power generation systems, for power generation and mobile power applications.

BRUSSELS: A major on-road pilot project involving a 100-vehicle fleet to research the potential of in-vehicle telematics services to improve traffic flow and driver safety and comfort, has been launched today by telematics technology provider ACUNIA, along with the Flemish Government and D'Ieteren, Belgium's largest automobile distributor, according to a media release.

EL SEGUNDO: Latest research from the iSuppli/Stanford Resources Monitor Market Tracker, a quarterly market analysis report, indicates that by 2006 more than three-fourths of all monitors will include LCD panels and revenues for LCD monitors will increase to more than $26.5 billion, according to a media report issued today. "With PC sales expected to post double digit gains and improving availability of large screen panels and monitors, the prospects for LCD monitors are excellent," said Rhoda Alexander, Director of Monitor Research for iSuppli/Stanford Resources.

NEW YORK: The IT industry's first native Serial ATA hard drive implementation has been demonstrated at New York's PC Expo by Technology companies Seagate and Intel, who connected a new Barracuda ATA V hard drive and a native Serial ATA interface running at full speed to an Intel reference validation motherboard in a high-performance PC game box, a media release said. "Seagate is dedicated to technology leadership without compromise and today's demonstration by Seagate and Intel is the realisation of faster, simpler, more flexible ATA disc drive technology," said Darci Arnold, Seagate Vice President.

FRANKFURT: The results of Frankfurt's first regular Annual General Meeting indicate that the 2001 business year was characterised by extremely difficult market conditions but shareholders have been urged 'to look into the future with confidence and optimism', the company reported today.

FRANKFURT: Over 2,000 shareholders and shareholder representatives attended Fraport AG's regular Annual General Meeting today, the first AGM since the company's initial public offering on 11 June 2001, a media release said. Shareholders were supportive of expansion plans for the airport and responded favorably to learning that Lufthansa recently confirmed FRA's role as the airline's main hub airport.

HONG KONG: Global communications provider WorldCom has announced that comments from its President and CEO will be available on the company's homepage - www.WorldCom.com - a media release said.

HONG KONG: VTech Holdings today released its annual results for the year ended 31 March 2002, showing a strong profit recovery and a marked balance sheet improvement.

TORONTO: Sun Life Financial Services of Canada today released details of its US$45 million book value WorldCom exposure and its US$137 million book value in below investment grade telecom exposure.

TORONTO: Sun Life Financial Services of Canada achieved record net income, made strategic acquisitions and delivered on its stated commitments in 2001, Chairman and Chief Executive Officer Donald Stewart told shareholders and policyholders, the company reported today.

TOKYO: Internet Initiative Japan today announced several new corporate appointments following the shareholder meeting held earlier today, a media release said.

HONG KONG: VTech Holdings today announced it will further strengthen its management team and corporate governance by appointing a new Group Chief Executive Officer, the company said today.

COLUMBUS: Assurex Global, the world's largest privately held commercial insurance and risk management brokerage group, today released details relating to the appointment of a new President and CEO.

TORONTO: The Board of Directors of Sun Life Financial Services of Canada today announced the appointments of several new directors who were elected at the Annual Meetings of Sun Life Financial Services of Canada and Sun Life Assurance Company of Canada.

(AsiaNet is a consortium of leading news agencies distributing unedited,translated press releases for worldwide clients. Contact: www.asianetnews.net for full-text versions).

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