The company started as an open-source software platform called Ulterius that let users manage any computer from a web browser. When co-founders Andrew Sampson and Evan Banyash realized people were using the technology mainly for video games, they pivoted.
The company was spun off from the university's Center for Public Safety Research. It provides public safety and security technologies, and emergency management solutions to governments and agencies. It listed on a stock exchange in 2016.
The company started to run intelligent production lines in March 2018, which have improved the company's productivity by more than 30 percent and reduced costs by more than 25 percent, said a corporate source.
The company said it rolled out digital versions in Chinese language of over 20,000 books from 36 countries to target the 180 million primary, middle and high school students in China, aged 7 to 18.
The company will engage in various global marketing and advertising activities. Hisense will be the official television supplier to the competition. It is expected that the partnership will see the brand reach over 200 territories and greatly enhance its international brand exposure.
The company's unique products such as solar lantern with radio and mobile charging capability could provide respite to Kenya's air pollution challenges linked to rampant use of kerosene and wax candles.
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The compensation standard was made in accordance with the average daily salary of the country's urban employees in the preceding year.
The company's innovative US product lineup will help to defy the odds and herald its emergence as a global enterprise, said Yu Jun, president of GAC.
The company, founded by serial entrepreneur Lei Jun eight years ago, posted second-quarter net profit of 2.1 billion yuan (9.1 million) on Wednesday, in its maiden financial report unveiled on the heels of its .7 billion Hong Kong listing.
The company offers more in the way of socially interactive services that makes it profitable. The platform reported a profit of 4 million in the first nine months of this year from 4 million in the same period in 2017, according to the prospectus.