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Napatech Secures Lenovo Design Win

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Napatech Secures Lenovo Design Win

Napatech™ (OSLO: NAPA.OL), the leading provider of programmable SmartNICs, today announced that Lenovo, a tier-1 global server manufacturer, has partnered with Napatech to deliver 25- and 100-gigabit Ethernet programmable SmartNICs to data centers.

The solution is the result of joint product and technology development between Napatech and Lenovo to meet the most demanding requirements of the largest 5G mobile telecommunications operators and cloud service providers worldwide. It dramatically improves the networking performance and CPU utilization of servers deployed in virtualized environments and is tailored specifically for the highest-growth applications, services and use cases driving demand for programmable SmartNICs.

The Lenovo SmartNICs are powered by field-programmable gate arrays (FGPAs), the most widely deployed acceleration technology for programmable SmartNICs. The Lenovo product line includes the TRXFP50V04 (half-height, 2-port, 25 GbE) and the TRXFP200V02 (full-height, 2-port, 100 GbE). The programmable SmartNICs include production-grade FPGA software that delivers line-rate throughput, ultra-low latency and is packed with networking, security and virtualization features including open virtual switch (OVS) offload, live migration, hardware quality of service, telemetry, service chaining and OpenStack orchestration.

Starting with 5G telecom and cloud data center operators in the Greater China market, Lenovo together with Napatech plans to extend the SmartNIC solutions globally to the world’s top network operators. Napatech estimates the revenue potential of the design win to exceed US $10 million over the life of the product, with customer orders ramping up in the second half of 2021.

Tong Li, distinguished researcher and executive director, Converged Network Business Unit, Lenovo, said: “Leading operators of large-scale data centers routinely choose Lenovo. Extending our solutions to include programmable SmartNICs gives our customers greater performance, better server utilization and a programmable acceleration engine to continually enhance their networks.”

Manoj Sukumaran, senior analyst, datacenter compute, Omdia, said: “Customers across market segments are adopting programmable Ethernet adapters, and we expect one in three Ethernet adapters shipped will be a programmable NIC by 2024. These new programmable SmartNICs and software tools would allow Lenovo to offer a compelling server connectivity option to its customers.”

Ray Smets, chief executive officer, Napatech, said: “Cloud and 5G telecommunications service providers are gearing up to handle a massive increase in mobile users, devices and applications in an increasingly always-on, connected, mobile world. They must achieve this challenge while improving operational simplicity, efficiency and total cost of ownership. Lenovo’s programmable SmartNICs offer network operators an easy way to meet all of these challenges with a powerful platform to grow and differentiate their products and services.”

About Napatech

Napatech helps companies to reimagine their business by bringing hyperscale computing benefits to IT organizations of every size. We enhance open and standard virtualized servers to boost innovation and release valuable computing resources that improve services and increase revenue. Our programmable SmartNICs are based on a broad set of FPGA software for leading IT compute, network and security applications that are supported on a wide array of FPGA hardware designs.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 63,000 employees and operating in 180 markets around the world.  Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that create a more inclusive, trustworthy and sustainable digital society. By designing, engineering and building the world’s most complete portfolio of smart devices and infrastructure, we are also leading an Intelligent Transformation – to create better experiences and opportunities for millions of customers around the world. To find out more visit https://www.lenovo.com, follow us on LinkedIn, Facebook, Twitter, YouTube, Instagram, Weibo and read about the latest news via our StoryHub.

No Forward-Looking Statements

This press release may contain forward-looking statements which are only predictions and may differ materially from actual future events or results due to a variety of factors, including but not limited to, business conditions, trends in the industry and markets, global economic and geopolitical conditions, macro-economic factors, and other risks and uncertainties set forth in Napatech’s reports. The matter discussed in this release is based on current expectations and maybe subject to change. Napatech will not necessarily update this information.

News

Alternative meat startup Next Meats Co., Ltd and microalgae biotech company euglena Co., launch "NEXT Euglena Yakiniku EX" containing microalgae

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Alternative meat startup Next Meats Co., Ltd and microalgae biotech company euglena Co., launch "NEXT Euglena Yakiniku EX" containing microalgae

Next Meats Co., LTD, the controlling shareholder of Next Meats Holdings, Inc. (“NXMH”) announced that they had signed a joint product development agreement with euglena Co., a biotech company also from Japan which specializes in cultivating Euglena and Chlorella (types of microalgae) and developing the biofuel business.

It was announced that their first joint product “NEXT Euglena Yakiniku EX” is now available for pre-sale at the official online store of Next Meats (In Japan only).

The companies had signed a joint product development agreement in December 2020, aiming to offer consumers more sustainable diet options and lifestyle choices.

The “NEXT Euglena Yakiniku EX” is a plant-based meat containing 500 mg of Euglena and 500 mg of Chlorella extract. The product, which combines the strengths of both companies, is a plant-based meat packed with protein and a great balance of other vital vitamins and minerals. The Euglena Yakiniku EX, like all other Next Meats products, uses no artificial additives and has no cholesterol because no animal derived materials are used, and has significantly less of an environmental impact than regular meat.

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Data & Analytics Startup 9fin Announces Partnership with European Leveraged Finance Association (ELFA)

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Data & Analytics Startup 9fin Announces Partnership with European Leveraged Finance Association (ELFA)

9fin, the AI-powered data and analytics platform for fixed income, announces its partnership with the European Leveraged Finance Association (ELFA). The partnership will allow ELFA members to benefit from 9fin’s expertise in covenants and related market trends.

ELFA is a trade association for European leveraged finance investors. It aims to create a more transparent, efficient and resilient leveraged finance market by establishing and enhancing industry best practice, promoting transparency and facilitating engagement between market participants.

Steven Hunter, Co-founder and CEO of 9fin commenting on the partnership said: “9fin’s raison d’etre is to bring transparency to the leveraged finance market, so we were delighted when the opportunity arose for us to partner with the ELFA. We believe our technology, data, and analysis can help ELFA members shape a more transparent and better functioning credit market.”

Sabrina, CEO of the ELFA, commented: “9fin’s ability to deliver fast, actionable covenant information to investors will provide significant value to our members, and supports our mission to deepen market engagement on important issues. Its market insights and understanding of the implications of covenants will also be used to complement our educational resources. We look forward to working with them in the coming year to increase transparency for leveraged finance investors.”

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Health Carousel Announces Acquisition of MEDPATH

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Health Carousel Announces Acquisition of MEDPATH

Health Carousel, a premier provider of healthcare staffing and workforce solutions, announced today they are strengthening the power of the Health Carousel Locum Network further with the acquisition of MEDPATH.

MEDPATH, located in Trumbull, CT, was founded in 2012 by Timothy Kouble who will continue to lead the company after the acquisition.  MEDPATH will continue to operate under its own brand in Health Carousel’s growing portfolio of locum tenens brands.

MEDPATH is an innovative physician workforce management company that is mission driven to help healthcare organizations improve patient care and save lives.  They partner strategically with their clients and bring an ecosystem of powerful physician staffing resources, capabilities, and horsepower designed to get physicians to patients faster – with the goal of containing costs.  It has a hyperlocal physician network and strong loyalty with providers who can deploy quickly to provide coverage when needed.

MEDPATH joins a strong family of HCLN brands, including NEXTLocums, Onyx M.D., Lucidity, and Vitruvian Medical, which are expected to become the 10th largest locum tenens company in the country, according to the most recent estimates from Staffing Industry Analysts. This is Health Carousel’s 6th acquisition in the locum tenens space since 2015.

“We are pleased to welcome MEDPATH to our Health Carousel family and are confident that this addition will further increase our track record of service excellence with our customers,” said Bill DeVille, Chief Executive Officer of Health Carousel. “Our healthcare facility partners trust us to solve their staffing problems by delivering high-quality healthcare staff to positively impact their patient care, staff morale, cost of staffing and revenue. The addition of the MEDPATH team and their unique RPO/MSP model will enhance our offerings to clients.”

Health Carousel has a proven track record of helping clients solve their workforce challenges by delivering easier, faster access to a nationwide pool of highly qualified physician and advanced practice providers, demonstrated by winning a 2020 Best in Staffing Client Award for providing superior service to their clients.  MEDPATH is dedicated to that same level of partnership with their clients.

“MEDPATH is incredibly excited to become a part of the Health Carousel Locum Network as we continue to build our unique Physician workforce solutions program,” said Tim Kouble, Founder of MEDPATH. “We connected strongly to Health Carousel’s higher purpose of improving patient lives and making healthcare work better. We’re looking forward to advancing our relationships with healthcare organizations across the country to ensure every patient gets access to quality providers when and where they need them.”

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