What you should know about Silver!

Swiss Resource Capital AG (https://www.youtube.com/watch?v=D9oXXmBy6FM ) from Herisau in Switzerland is one of the leading communication agencies for resource companies in Europe. Our commodity experts put a large and comprehensive series of Special Reports about Lithium, Cobalt, Silver and Uranium together. Our latest Silver Report 2018 is now out and waits for you to be download and get informed.

All you should know about the future metals for solar power and e-mobility. The Special Silver Report includes expert interviews, CEO interviews and lots of high quality information plus interesting companies.

Get your free download at:

Silver Report 2018:

https://www.resource-capital.ch/fileadmin/reports/2018/DS_SilverReport2018-2.pdf

All Special Reports: https://www.resource-capital.ch/en/reports.html

Enjoy reading and stay informed ahead!

Jochen Staiger
CEO
Swiss Resource Capital AG
www.resource-capital.ch
CH – 9100 Herisau
Switzerland

This is only for information and without any warranty. The following Disclaimer of Swiss Resource Capital AG should be read in the following and/or can be found at: https://www.resource-capital.ch/en/disclaimer-agb.html

Disclaimer:

Please read the complete disclaimer in the following pages carefully before you start reading this Swiss Resource Capital Publication. By using this Swiss Resource Capital Publication you agree that you have completely understood the following disclaimer and you agree completely with this disclaimer. If at least one of these point does not agree with you than reading and use of this publication is not allowed.

We point out the following:
Swiss Resource Capital AG and the authors of the Swiss Resource Capital AG directly own and/ or indirectly own shares of all companies mentioned and/or listed on our website and/or are described in the publication.
Swiss Resource Capital AG has closed communication consultant contracts with Swiss Resource Capital AG and receives for their services compensation expenses.

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On-Board Networking Solution for Rail-Train, Metro and Tram

When train cars are switched, re-configure network settings is normally required. Thus, railway operators need to have enough knowledge of Ethernet. This not only increases the cost of labor but also result in additional time.

Making it flexible for easy maintenance is biggest challenge for on-board network solution.
In most of train application, many train cars will be shifted according to different destination, which often becomes a maintenance issue when any car changes. As the different car devices were set with different IP address that would need to migrate into the same IP without any manual setting to keep the original train network.

Lantech Train Discovery Protocol (LTDP)
With LTDP-aware DHCP server, Lantech EN50155 switches can discover the current IP addresses and enable the switch to exchange the IP address when any car is merged. LTDP can also react on the link failure or node failure to keep the original IP range and maintain the remaining network function until the replacement is in place. It can also keep the config file when switch is swapped.

The video below explains how LTDP works.
https://youtu.be/pUf-VljFLPE

Lantech is sure to have the right SWITCH for you!
Take a look at our Lantech EN50155 switches

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Innovative „Train Ring“ is the best rail train solution

Reduce Cost with High Customer Satisfaction

During current train operation, train cars might need to be separated and reoriented due to more flexible operating requirement. Take MRT for example, it needs more cars during peak hours while only few cars are needed during offpeak hours. A longdistance train route may separate into two shorter trains and heading to different destinations at a junction point. When a train system has higher flexibility, it can utilize the resource and reduces operational costs.

When train cars are switched, reconfigure network settings is normally required. Thus, railway operators need to have enough knowledge of Ethernet. This not only increases the cost of labor but also result in additional time. Also, train car switching will cause the interruption of networks, effecting passenger information system and intrain WiFi service.

Passenger’s tolerance toward network interruption is limited and this is one of the important factors of customer satisfaction.

Train Ring vs. Existing Solutions

Common Rapid Spanning Tree Protocol (RSTP) and Coupling Ring can be applied to rail train network for redundancy of multiple train cars. However, each solution has its own drawbacks such as longer recovery time or nonautomatic recovery. Lantech provides a new solution called "Train Ring", which can automatically recover the network within 50ms without reconfigure the settings!

Lantech Train Ring is evolved from traditional Coupling Ring. It eliminates the setting process, and will automatically identify the primary and backup path dynamically, without any configuration required.

Lantech Train Ring allows train operators to rapidly change composition of trains with high efficiency and flexibility. Since all settings are done automatically, configuration errors and cost can be minimized. The recovery time of Train Ring is less than 50ms, so passengers can hardly recognize the interruption caused by topology change.

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Administer Db2 databases more easily!

Markus Fraune Database Administrator (Managed Service): „My first task in the morning is to look at Speedgain for Db2 and with a few clicks I know all the essential metrics of the monitored database systems and what was happening on my systems during the night. In addition, I already have alerts in my mailbox for serious problems and am therefore optimally prepared.“

Did you already know?

The ITGAIN Performance Monitor Speedgain for Db2 offers more features out of the box than any other Db2 Performance Monitor. Here is a selection of the functions:

  • Historical Monitoring Data
  • Operating System Monitoring (Linux, AIX, Windows)
    • Data Collection via UDF on the database
  • Drill down approach – with a few clicks to the problem – it doesn’t get any better performance.
  • Clear and understandable presentation of performance metrics.
    • Chart based overviews with historical trends
    • By drill down into the presentation of the detailed metrics in tabular form
  • SQL Workload Comparison
    • Integrated SQL workload set analysis
    • Individual time windows with additionally definable filter conditions
    • Check current workload against reference workloads
  • DB2 Explain and Index Advisor
    • SQL Workbench integrated
    • Modern Explain tree style
    • Extensive table statistics
    • Support via Db2 Index Advisor
    • Build-in rules based Design Advisor
  • Versatile reporting
    • Extensible report function with the JasperReports library
    • Assistance with custom report customization and integration
    • Report archive in the own performance database
  • Product support is provided directly by the development experts.

Convince yourself! Here you can apply for a non-binding test position:

Get a trial license here.

If you have any questions or are interested in an on-site or web presentation, please do not hesitate to contact us:

Contact use here.

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Optimised oneclick™ Drive integrates internal Enterprise Storage

With the latest release, the features of the oneclick™ Drive have been significantly expanded. Apart from general stability improvements, from now on companies are able to integrate their own enterprise storage, e.g. SMB Shares, from various server locations and access it centrally. This allows companies to implement scenarios, where the operation of applications is transferred to the cloud to reduce costs and increase flexibility, while sensitive data remains stored locally in their own data centre and under complete control. With the oneclick™ Drive, all files required for work are therefore at any time securely accessible via the browser, no matter where they were stored.

As part of the latest release, the entire user interface of the oneclick™ Drive was fundamentally redesigned. The new design enables intuitive operation and a productive workflow – even during mobile use. Files can be easily moved via drag-and-drop from the end device into the oneclick™ Drive as well as connected enterprise drives.

The oneclick™ platform ensures that – apart from the data – applications can be provided from any server location in a user-friendly workspace in the browser. This allows working completely independently of location, time and device. The only requirement is internet access and an HTML5 supported browser.

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Systematically innovative enclosures

After five years of development work, Rittal has unveiled its new VX25 large enclosure system at the 2018 Hanover Trade Fair for the very first time. It is the first enclosure system that has been fully developed to meet the requirements for increased productivity in control and switchgear manufacturing and along the Industry 4.0 value chains. With the “SYSTEM PERFECTION.” slogan, Rittal is promising a major innovative leap, which has been made possible by depth of experience and intensive customer dialogue. The VX25 offers the highest possible quality and consistency of data, reduced complexity and savings in time, as well as safe assembly. More than 25 registered property rights demonstrate the high level of innovation involved.

How can the best be made even better? This is the question that Rittal asked itself as it began developing a new enclosure system. “The market needs an enclosure that cuts throughput times in engineering and assembly, reduces complexity and that finds a place for itself as a full-grown module in the megatrend of digitisation,” said Dr Thomas Steffen, Managing Director Research and Development at Rittal. And he went on to say that “the new Rittal large enclosure has now become 100 percent Industry 4.0-capable. With the combination of a real enclosure and its digital twin, the new development will meet every future digitization needs – from online configuration and engineering to assembly, as well as automation, logistics and maintenance.”

Study: observe, listen and learn

Intensive dialogue with Rittal customers was crucial in developing the new large enclosure system. During a large-scale, scientifically based usability study, researchers used words, images and moving film to document the everyday working life of control and switchgear manufacturers, covering ten companies in Germany, eight in the USA and six in China, including small, medium-sized and large companies. “This user analysis was an eye-opener. In some cases, we spotted problems that the customers themselves hadn’t yet identified,” said Dr Steffen. As a result, 150 systematically recorded and specific requirements for a new enclosure emerged, providing developers and product managers with a robust guide for the actual development work. Rittal also used the findings of the customer advisory council, which was also involved, to complement this. Later, during the development phase, Rittal did not give up any single essential point.

The result: Pure customer benefits!

The development culminated in the new VX25 large enclosure system. VX25 stands for the versatility of options, the fulfilment of x customer requirements and for perfect symmetry through a consistent 25-mm pitch pattern. “What is new is that no enclosure system has ever been previously developed so consistently and systematically to ensure maximum customer benefit. The VX25 matches the way the control and switchgear manufacturer thinks and works – both in functions and processes, added Dr Steffen.

Customer benefit along the entire value chain of control and switchgear manufacturing can be summarised in three key points: maximum data quality and a constant supply of data, reduced complexity and savings in time, as well as safe assembly.

Patents: a high degree of innovation

The heart of the innovation is the newly developed frame section. It determines the installation space, the efficiency in engineering and assembly, the expansion options, the stability and thus the reliability and flexibility in the customer’s workshop. With the new large enclosure system, it has been possible to maintain all the important and established product features of the existing, worldwide TS 8 large enclosure system and to expand them significantly with a multitude of new functions and customer benefits. More than 25 registered property rights demonstrate the high level of innovation involved.

Production: maximum quality

For Rittal, SYSTEM PERFECTION also involves high-tech manufacturing. It has invested in new state-of-the-art production facilities in order to manufacture the new frame section of the VX25. New and fully automatic profiling systems and volume production lines with a total of 31 welding and handling robots are witness to maximum quality combined with precision and stability. The result is that the frame section of the VX25, which has a consistent 25-mm pitch pattern, is clearly more stable than its TS 8 predecessor, although the weight is the same.

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Oemeta and Mazak are Preferred Partners for cooling lubricants and machines

Oemeta and Mazak Germany are announcing their technology partnership in the fields of cooling lubricants and machines. Under the shared “Preferred Partner” logo, Oemeta will now provide technical application support at the four Mazak Technology Centres in Göppingen, Düsseldorf, Munich and Leipzig as well as at trade fairs. This involves Mazak using Oemeta’s cutting-edge cooling lubricants. Close supervision and monitoring of the products used by Oemeta means that cooling and lubrication during machining processes can be optimised for the benefit of Mazak’s clients before the machines are delivered. Both partners can also use the experience gained through their cooperation to develop new technologies and processes for the future. The aim is to achieve the optimum level of interaction between the machine, the tool and the cooling lubricant technology. In addition, the partnership means that clients can draw on extensive advice and support if they encounter any problems or have special cooling lubricant requirements. Possible topics include the filtration and reprocessing of the cooling lubricant, the optimisation of the material removal rate, process stabilisation or increases in the durability of the fluids. Both companies have laid plans to ensure close collaboration and information sharing among their technical and sales staff.

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Sibanye-Stillwater receives South African Reserve Bank approval for proposed acquisition of Lonmin

Sibanye-Stillwater is pleased to announce that it has received the approval of the South African Reserve Bank, as required in accordance with the Exchange Control Regulations of South Africa, with respect to the proposed acquisition of Lonmin Plc (“Lonmin”), which was announced on 14 December 2017 (the “Proposed Transaction”).

The Proposed Transaction remains scheduled for closure during the second calendar half of 2018 and subject to, inter alia, the passing of the required resolutions by Lonmin and Sibanye-Stillwater shareholders and the approvals of the competition authorities of the United Kingdom and South Africa.

Neal Froneman, CEO of Sibanye-Stillwater said “We are pleased to have received this important regulatory approval in a timely manner, which takes us another step closer to concluding this important transaction. Management remains focused on ensuring that the remaining conditions are met and will notify stakeholders as further progress is made.”

FORWARD LOOKING STATEMENTS

This announcement includes “forward-looking statements” within the meaning of the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “target”, “will”, “forecast”, “expect”, “potential”, “intend”, “estimate”, “anticipate”, “can” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements set out in this announcement involve a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Sibanye-Stillwater undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, save as required by applicable law.

Additional Information

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law. Persons who are not resident in the United Kingdom or who are subject to the laws of other jurisdictions should inform themselves of, and observe, any applicable requirements. Any failure to comply with applicable requirements may constitute a violation of the securities law of any such jurisdiction.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

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Hungary: Real time invoicing reporting

As of 1st July, 2018, all invoices issued between Hungarian taxpayers with a VAT content exceeding HUF 100,000 (Hungarian Forint) must be reported in real time to the tax authority.

The draft legislation and the technical requirements have already been published by the Ministry for National Economy/tax authority. However, the final regulation cannot be presented until April 2018 at the earliest, as the draft must be approved by the European Union Commission in a notification procedure.

Based on the draft legislation already published, the main rules are the following:

Who is affected by these rules?
• Hungarian VAT payers that issue invoices to another Hungarian taxpayer with a VAT amount exceeding HUF 100,000 (approx. EUR 320) are subject to the real time invoicing obligation. Further to this, when such invoices require correction, the correction/cancellation must also be reported.
• Businesses established outside Hungary but registered for VAT in Hungary are also affected by these rules.
• Only invoices issued to Hungarian taxpayers are affected, i.e. invoices to foreign taxpayers or to private persons are exempt.
• Invoices without VAT (e.g. domestic reverse charge transactions, VAT exempt sales) are also not affected.

What does real time reporting mean in practice?
• The invoices must be issued using qualified invoicing software that is capable of online communication with the tax authority in a pre-defined way. The technical specification details of which data on the invoices need to be reported, in the pre-described format (xml), the technical specification and the format requirements have already been published by the tax authority.
• The online reporting must be done immediately the invoice is issued.
• Data must be transmitted automatically by the invoicing program without any human intervention. The reporting obligation is only fulfilled if the tax authority system confirms that the data reported are correct.
• Invoices issued manually also need to be reported, through the website of the tax authority. The relevant data of these invoices need to be recorded manually. The deadline for doing so is five days if the invoice is for less than HUF 500,000 VAT , otherwise one day.

Are there any penalties for non-compliant taxpayers?
The penalties can be enormous: up to HUF 500,000 (approx. EUR 1,600) per invoice if not reported or not appropriately reported.

What are the reporting rules if the invoice is issued by someone else?
Invoices may be issued not only by the supplier, but an authorised representative may also issue the invoices in the name of the supplier based on a prior, written agreement. Even in this case the supplier is obliged to fulfill the reporting obligation, but the supplier and the invoice issuer are jointly liable. Technically, the reporting must be done also in this case via the invoicing system, i.e. in practice only the authorised representative can fulfill this obligation., If the supplier therefore outsources the invoicing function or enters into a self-billing agreement with its customer, the supplier needs to ensure that the invoicing system is compliant with the reporting rules.

How can foreign companies with VAT registration in Hungary only be compliant?
The development of the invoicing systems in order to be compliant with the Hungarian reporting rules can cost a considerable amount. However, the tax authority will be developing and make available its own, web-based invoicing system that will be fully compliant with the Hungarian rules.

As the new legislation is planned to come into force on 1st July, 2018, and the penalties for non-compliance are quite high, it is strongly recommended that the invoicing practice of each company be reviewed. The tax experts of Ecovis Tax Solution are happy to provide assistance.

Contact
Dr. Laszlo Kelemen, tax expert, partner, ECOVIS TAX SOLUTION, Budapest, Hungary

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iGrafx Announces GDPR Suite

Today at the OPEX Financial Services Summit, iGrafx announced the immediate availability of the iGrafx GDPR Suite, which helps enable enterprises to become and remain compliant with the European Union’s General Data Protection Regulation. The suite lets business customers assess risk from the perspective of their business processes. 
 
Key components include, survey tools to determine risk areas, a GDPR glossary to ensure common understanding, process templates to expedite documentation, as well as automation and data flow modeling for complete visibility and control. These features enable all stakeholders to know how, where, and why customer data is being used and respond to GDPR mandated requirements. “Becoming compliant with new Government regulations can be difficult, costly and time consuming,” said Ed Maddock, CTO at iGrafx, “but we’ve created a solution that allows our customers to turn their GDPR compliance efforts into an ongoing competitive advantage.”
 
Customer Impact

There is no way around the impact of GDPR.  If a company has employees in the EU, offers goods or services to people in the EU or processes the data of any EU residents on behalf of other companies, it must comply.  Failure to become compliant by May 25th, 2018 can result in penalties including fines up to 20 million euros, or 4% of annual revenue – whichever is greater – as well as negative brand implications.  More importantly, after May 25th 2018, companies must have the ongoing procedures in place to respond to a long list of new data requirements – for as long as the General Data Protection Regulation exists. “At any time, a current customer, ex-customer or prospect can exercise her ‘right to be forgotten,’ ‘right of correction’ or ‘right to data portability,’ and a company must be able to comply,” said Maddock.  “Which is why getting GDPR compliant is not a ‘one and done’ exercise. iGrafx helps businesses achieve GDPR compliance now, then maintain it into the future.”
 
GDPR Suite Availability and Reactions

The iGrafx GDPR Suite was developed with feedback from customers, and in collaboration with partners, RISMA, CertiKit and iGx Solutions ApS, in line with iGrafx’s commitment to deliver best-in-class effectiveness and speed-to-value. “Our customers asked and we listened,” said iGrafx CEO, Ryan Tognazzini. We have more than 4 centuries of process excellence expertise, so the requirements for process-centric business modeling that GDPR brings is right in our wheelhouse.” The iGrafx GDPR Suite is available today. For more information or to download the complete product information sheet please go to: www.iGrafx.com/GDPR.
GDPR Graphic:
https://cdn2.hubspot.net/hubfs/3439270/Graphics/iGrafx_GDPR%20Ei.png

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