Latest news with #AIC
Yahoo
a day ago
- Business
- Yahoo
MangoBoost and AIC Sign MoU to Explore Collaboration on DPU-Based Server and Storage Solutions
BELLEVUE, Wash., May 30, 2025--(BUSINESS WIRE)--MangoBoost, a provider of cutting-edge system solutions for maximizing compute efficiency and scalability, and AIC Inc., a global leader in enterprise server and storage solutions, announced the signing of a Memorandum of Understanding (MoU) to explore potential collaboration in developing and promoting advanced computing technologies. The MoU sets the framework for both companies to engage in discussions focused on integrating MangoBoost's cutting-edge Data Processing Unit (DPU) technologies with AIC's server and storage expertise and market access. The collaboration aims to unlock new possibilities in next-generation data center solutions through joint exploration and innovation. "This MoU marks a meaningful step toward our mission to deliver more intelligent, efficient, and scalable computing platforms to the market," said Jangwoo Kim, CEO of MangoBoost. "We look forward to working closely with AIC to explore new opportunities and innovative applications for our DPU technologies in the enterprise space." David Huang, VP of Sales and Marketing at AIC stated, "Partnering with MangoBoost allows us to push the boundaries of what's possible in server and storage innovation. We believe our combined strengths can pave the way for high-performance solutions that meet evolving market demands." About MangoBoost MangoBoost is a provider of cutting-edge, full-stack system solutions for maximizing compute efficiency and scalability. At the heart of the solutions is the MangoBoost Data Processing Unit (DPU), which ensures full compatibility with general-purpose GPUs, accelerators, and storage devices, enabling cost-efficient, standardized AI infrastructure. Founded in 2022 on a decade of research, MangoBoost is rapidly expanding its operations in the U.S., Canada, and Korea. About AIC AIC Inc. is a global leader in the design and manufacturing of high-performance server and storage solutions. With nearly 30 years of expertise, AIC is renowned for its high-density storage servers, storage server barebones, and AI storage solutions. The company operates globally, with offices in the United States, Asia, and Europe, and is committed to driving innovation across various industries. View source version on Contacts Minwoo SonStrategy & Operations
Business Wire
a day ago
- Business
- Business Wire
MangoBoost and AIC Sign MoU to Explore Collaboration on DPU-Based Server and Storage Solutions
BELLEVUE, Wash.--(BUSINESS WIRE)--MangoBoost, a provider of cutting-edge system solutions for maximizing compute efficiency and scalability, and AIC Inc., a global leader in enterprise server and storage solutions, announced the signing of a Memorandum of Understanding (MoU) to explore potential collaboration in developing and promoting advanced computing technologies. Partnering with MangoBoost allows us to push the boundaries of what's possible in server and storage innovation. We believe our combined strengths can pave the way for high-performance solutions that meet evolving market demands. Share The MoU sets the framework for both companies to engage in discussions focused on integrating MangoBoost's cutting-edge Data Processing Unit (DPU) technologies with AIC's server and storage expertise and market access. The collaboration aims to unlock new possibilities in next-generation data center solutions through joint exploration and innovation. 'This MoU marks a meaningful step toward our mission to deliver more intelligent, efficient, and scalable computing platforms to the market,' said Jangwoo Kim, CEO of MangoBoost. 'We look forward to working closely with AIC to explore new opportunities and innovative applications for our DPU technologies in the enterprise space.' David Huang, VP of Sales and Marketing at AIC stated, 'Partnering with MangoBoost allows us to push the boundaries of what's possible in server and storage innovation. We believe our combined strengths can pave the way for high-performance solutions that meet evolving market demands.' About MangoBoost MangoBoost is a provider of cutting-edge, full-stack system solutions for maximizing compute efficiency and scalability. At the heart of the solutions is the MangoBoost Data Processing Unit (DPU), which ensures full compatibility with general-purpose GPUs, accelerators, and storage devices, enabling cost-efficient, standardized AI infrastructure. Founded in 2022 on a decade of research, MangoBoost is rapidly expanding its operations in the U.S., Canada, and Korea. About AIC AIC Inc. is a global leader in the design and manufacturing of high-performance server and storage solutions. With nearly 30 years of expertise, AIC is renowned for its high-density storage servers, storage server barebones, and AI storage solutions. The company operates globally, with offices in the United States, Asia, and Europe, and is committed to driving innovation across various industries.
GMA Network
3 days ago
- Business
- GMA Network
Aboitiz Infra embarks on P4.53-B investment plan in Bohol-Panglao Airport takeover
'The modernization of BPIA is not just about upgrading infrastructure—it's about enabling the continued rise of Bohol as a vibrant tourism and economic hub in the Visayas," AIC president and CEO Cosette Canilao said. Aboitiz InfraCapital Inc. (AIC) is set to take over the operations and management of the Bohol-Panglao International Airport (BPIA) in June. In a news release on Wednesday, AIC said it is embarking on a P4.53-billion investment plan that includes the expansion of BPIA's passenger terminal building, installation of modern aviation systems, and enhancements to airside and landside facilities. The company said that within one to two years, upon taking over the BPIA, the airport's current capacity of two million passengers yearly will be expanded to 2.5 million. AIC is expanding further BPIA's capacity to 3.9 million passengers annually come 2030. Under a 30-year concession agreement, AIC, the infrastructure arm of the Aboitiz Group, will formally take over operations of BPIA in June 2025. AIC said its takeover of the BPIA will support Bohol's economic momentum, with planned capacity upgrades paving the way for expanded tourism and regional growth. BPIA will be added to the company's aviation portfolio along with Mactan-Cebu International Airport in Cebu and Laguindingan International Airport in Misamis Oriental. 'The modernization of BPIA is not just about upgrading infrastructure—it's about enabling the continued rise of Bohol as a vibrant tourism and economic hub in the Visayas. We are proud to support the province's aspirations through transformative infrastructure ecosystems such as BPIA,' said AIC president and CEO Cosette Canilao. –NB, GMA Integrated News
Straits Times
4 days ago
- Health
- Straits Times
Stronger support for seniors in the community; those seeking care to have one point of contact: MOH
Stronger support for seniors in the community; those seeking care to have one point of contact: MOH SINGAPORE - Plans to ensure seniors have a single point of contact for community care are in the works , as the authorities work on integrating such services for a fast-ageing population, said Health Minister Ong Ye Kung on May 28. Beyond expanding individual community services, integration will make it easier for families to access services and move between different ones , he said at the Agency for Integrated Care (AIC) Community Care Work Plan Seminar 2025. Mr Ong, who was also appointed Coordinating Minister for Social Policies on May 21, laid out the vision for community care. 'It must be a system that every senior can count on, regardless of your health status. When you are well, community care prevents us from falling sick. If we are sick, it supports us to manage the disease and prevent it from progressing,' said Mr Ong. 'If we become frail, it supports our families to take care of us and organises the different services that we need. If our families are unable to take care of us, the system then steps in as a last resort.' The urgency to transform community care is unmistakable. By 2030, Singapore will have one million seniors aged 65 and above, with possibly half of them living with a chronic disease. The number of those who need help with at least one activity of daily living is expected to almost double within a decade, from an estimated 58,000 in 2020 to 100,000 in 2030. More seniors are also expected to be staying alone – from 76,000 in 2023 to 122,000 in 2030. Mr Ong listed three areas of change. Firstly, strong coordination is needed in the community care sector to tie together the various services as they expand. This will mean that seniors who need a combination of services to serve complex needs can move across services easily. Mr Ong said the Health Ministry (MOH) and AIC have reorganised community care into smaller sub-regions. Providers in each region are encouraged to form a network together , under a centre that will be the dedicated point of contact for seniors who need long-term care services. This so-called Integrated Community Care Provider will bring together the four commonly used services, namely those at Active Ageing Centres (AACs), day care services at Senior Care Centres, care at home under the Enhanced Home Personal Care service and rehabilitation at home under Home Therapy. 'To a family and to a senior, they should see it as just one service... with one contact, one coordination point,' said Mr Ong. This way, when a senior falls ill and needs rehabilitation or support services, the provider can help to put together the relevant services to restore him to health, said Mr Ong. If his conditions progress, it may then provide home personal care or other necessary services. When he recovers, he can return to the AAC to lead a more active lifestyle, he said. Secondly, efforts to make commu nity health services more accessible will be stepped up. Mr Ong said he heard from doctors that there are patients in their 40s and 50s seeking help at the hospital because of their diabetes, with a few even suffering from gangrene. Early actions, with a combination of lifestyle adjustments and medication, could have prevented progression of chronic diseases, have prevented the progression of their diseases. These patients could have done something earlier to prevent the progression of their diease, but they either did not know they were sick, or even if they knew and had enrolled in Healthier SG, they did not follow up with their health plan. This is a significant gap which community are can help close, Mr Ong said. 'For (Healthier SG) to be truly successful, we got to go beyond the GPs. The GPs needs to be supported and reinforced by effective community care services.' Mr Ong said the three healthcare clusters have set up community health posts, with about nine out of 10 AACs having one at or near their centres. Nurses at these centres can attend to patients. These posts can do more to help seniors, especially in catering to walk-ins. For instance, they can help seniors enrol in preventive health programme Healthier SG, which pairs each resident with a primary care physician, or follow up with their appointments and provide lifestyle coaching and health advice. Thirdly, outreach to seniors needs to step up, so the authorities will have information on every senior, and no one will die alone at home without anyone knowing. Silver Generation Ambassadors, People Association's volunteers and other volunteers have to work together to visit every household in the community, and share data so that every senior is known, Mr Ong said. He said the political office-holders in his ministry's refreshed team - Dr Koh Poh Koon, Mr Tan Kiat How and Ms Rahayu Mahzam - will all have a role in the community care sector. This includes areas such as manpower, coordination, community health posts and outreach. Join ST's WhatsApp Channel and get the latest news and must-reads.
Yahoo
4 days ago
- Business
- Yahoo
NI Holdings, Inc. Announces Executive Leadership Appointments
FARGO, N.D., May 27, 2025 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (the 'Company', NASDAQ: NODK) today announced several strategic leadership appointments to support the company's long-term growth and execution of its core business strategies. 'We are excited to announce multiple executive leadership appointments,' said Seth Daggett, President and Chief Executive Officer of NI Holdings. 'These individuals bring deep operational knowledge, extensive industry experience and strategic insight to our executive team.' Kevin Elfstrand has been promoted to Senior Vice President and Chief Accounting Officer. He will continue to oversee the Accounting department and lead external financial reporting. Mr. Elfstrand brings over 20 years of experience in the property and casualty insurance industry, including 17 years at Travelers Companies, Inc., where he most recently served as Assistant Vice President of Corporate Audit. He began his career at Deloitte and is a Certified Public Accountant (CPA). He holds a bachelor's degree in accounting from Saint John's University in Minnesota. Brandon Nicol has been promoted to Senior Vice President of Reinsurance and Chief Underwriting Officer. In this role, Mr. Nicol will lead the Company's underwriting strategy and reinsurance. He has 19 years of experience across the insurance and reinsurance industries, including roles at AmericanAg, XL Catlin, COUNTRY Financial, and State Farm. Mr. Nicol holds the Chartered Property and Casualty Underwriter (CPCU), Associate in Reinsurance (Are), and Agribusiness and Farm Insurance Specialist (AFIS) designations and serves as a Major in the U.S. Army National Guard and Army Reserves. He holds a bachelor's degree in insurance from Illinois State University. Chris Oen has been promoted to Senior Vice President and Chief Claims Officer. Mr. Oen will continue to lead the Claims department, drawing on his 30 years of experience in the property and casualty insurance industry. He joined NI Holdings in 2007 and has held progressively senior roles during his time with the Company. Mr. Oen serves on several industry boards, including as Chairperson of the North Dakota Auto Assigned Claims Plan, and is a veteran of the Army National Guard. He holds a bachelor's degree from the University of North Dakota and holds the Associate in Claims (AIC) designation. Dominic Weber has been promoted to Senior Vice President and Chief Actuary. Mr. Weber will continue to lead the Actuarial department and oversee reserving, ratemaking, and predictive analytics initiatives. With more than 42 years of experience in the property and casualty insurance industry, Mr. Weber previously served as Vice President and Chief Actuary at Society Insurance. He is a Fellow of the Casualty Actuarial Society (FCAS) and a Member of the American Academy of Actuaries (MAAA). He holds a bachelor's degree in actuarial science from the University of Nebraska – Lincoln. Doug Duncan has been recently hired as Senior Vice President and Chief Information Officer. In this newly created role, Mr. Duncan will lead the Company's technology strategy and oversee modernization initiatives to support business growth. He brings more than 25 years of technology leadership experience, including previous roles as Chief Information Officer at Columbia Insurance Group and Senior Vice President at Swiss Re. He holds a Master of Business Administration from Colorado State University and a bachelor's degree from the University of Kansas. 'The leadership of Kevin, Brandon, Chris, Dominic and Doug will strengthen our capabilities and help us better serve our shareholders, policyholders, and agents,' added Daggett. 'We are confident these leaders will play a critical role in advancing our strategic priorities. Their diverse experience and proven leadership will help position NI Holdings for continued success.' NI Holdings, Inc. is an insurance holding company. The company is a North Dakota business corporation that is the stock holding company of Nodak Insurance Company and became such in connection with the conversion of Nodak Mutual Insurance Company from a mutual to stock form of organization and the creation of a mutual holding company. The conversion was consummated on March 13, 2017. Immediately following the conversion, all of the outstanding shares of common stock of Nodak Insurance Company were issued to Nodak Mutual Group, Inc., which then contributed the shares to NI Holdings in exchange for 55% of the outstanding shares of common stock of NI Holdings. Nodak Insurance Company then became a wholly-owned stock subsidiary of NI Holdings. NI Holdings' financial statements are the consolidated financial results of NI Holdings; Nodak Insurance Company, including Nodak Insurance Company's wholly-owned subsidiaries American West Insurance Company, Primero Insurance Company, and Battle Creek Insurance Company; and Direct Auto Insurance Company. Some of the statements included in this news release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Actual results could vary materially. Factors that could cause actual results to vary materially include risks we describe in the periodic reports we file with the Securities and Exchange Commission. You should not place undue reliance on any such forward-looking statements. We disclaim any obligation to update such statements or to announce publicly the results of any revisions that we may make to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our SEC reports, including, but not limited to our Annual Report on Form 10-K, as filed with the SEC. Matt MakiExecutive Vice President, Treasurer and Chief Financial Officer701-212-5976IR@
