Ever-Glory International Group, Inc. (EVK)

ST. GALLEN, Schweiz--(BUSINESS WIRE)--Terra Quantum, ein führendes Unternehmen für Quantentechnologie, hat gemeinsam mit Evonik Anwendungsfälle der Technologie und Optimierungsmöglichkeiten in der Spezialchemie untersucht. Im Rahmen der Kooperation hat Terra Quantum einen Software-Prototypen entwickelt, der die Leistungsfähigkeit von T-Mixern verbessert. Die Kooperation mit Evonik unterstreicht, dass mit der fortschreitenden Weiterentwicklung von Quantentechnologien Erstanwender schon heute und auch in Zukunft Wettbewerbsvorteile erzielen können. Das gemeinsame Projekt konzentrierte sich auf die Simulation und die Designoptimierung von T-förmigen Mixern und steht damit stellvertretend für komplexere Produktionseinheiten. T-Mixer kommen häufig bei Mischverfahren von Chemikalien zum Einsatz, ihre spezifischen Formparameter müssen jedoch, je nach chemischer Reaktion für die sie verwendet werden, fein eingestellt und justiert werden. Heutige Optimierungsprozesse in dem Bereich basieren auf dem Trial-and-Error-Prinzip, dabei werden werden sowohl reale wie auch virtuelle Prototypen eingesetzt. Die Folge sind lange Entwicklungszeiten und hohe Kosten. „Der von uns entwickelte Tensor-Train-Ansatz eignet sich für hochdimensionale Black-Box-Optimierungsprobleme und funktioniert wie eine intelligente Rastersuche. Speziell für die Optimierung der Mixerform erreicht unser Ansatz eine überlegene Kostenfunktion, die schneller zu Ergebnissen führt als der bestehende Bayes‘sche Ansatz“, erklärt Karan Pinto, Director of Growth bei Terra Quantum. Die verwendete Formoptimierung und die Strömungssimulation (Computational Fluid Simulation – CFD) werden neben der chemischen Produktion auch im Maschinenbau, in der Luft- und Raumfahrt, in der Automobilindustrie, in der Materialwissenschaft und in anderen Branchen verwendet. „Die Forschungsarbeiten zur Simulation und Optimierung sind eine weitere wichtige Etappe bei der Anwendung von Quantencomputing in der chemischen Industrie. Die Ergebnisse veranschaulichen bereits das enorme Potenzial der Quantentechnologie, das wir in den kommenden zehn Jahren erwarten können. Die Leistungsfähigkeit der Technologie wird neue Maßstäbe setzen und alle Aspekte der Industrie verändern“, erklärt Markus Pflitsch, CEO von Terra Quantum. Er fügt hinzu: „Wir begehen mit Evonik wissenschaftliches Neuland: Die Ansätze der Tensor Networks und des maschinellen Lernens sind vollkommen neu und wurden in diesem Zusammenhang weltweit erstmalig angewendet.“ Aus diesem Grund hat das Forschungsteam von Terra Quantum zu der Arbeit mit Evonik bereits drei wissenschaftliche Arbeiten verfasst. (Studie 1 | Studie 2 | Studie 3 Veröffentlichung ausstehend) Henrik Hahn, Chief Digital Officer von Evonik, sagt: „Die Zusammenarbeit mit Terra Quantum hat es uns ermöglicht, den potenziellen, aktuellen und zukünftigen Nutzen von Quantencomputing für bestimmte Anwendungsfälle bei Evonik zu verstehen. Der jetzt entwickelte Software-Prototyp ist vielversprechend, da er nicht nur schnellere, sondern auch bessere Ergebnisse liefert. Wir untersuchen nun, wie wir die wirtschaftlichen Vorteile dieser Erkenntnisse für weitere Anwendungsfälle nutzen können.“ Der Prototyp von Terra Quantum ist mit der CFD-Software von Evonik kompatibel. Terra Quantum und Evonik sondieren derzeit mögliche gemeinsame nächste Schritte. # # # Über Terra Quantum Die Terra Quantum Gruppe ist ein führendes Quantentechnologie-Unternehmen mit Sitz in Deutschland und der Schweiz und als „Quantum as a Service (QaaS)"-Unternehmen in drei Kernbereichen organisiert: 1. Mit „Quantum Algorithms as a Service" erhalten Kunden Zugriff auf eine umfangreiche Algorithmen-Bibliothek, etwa für hybride quantengestützte Optimierung und quantengestützte neuronale Netze, die u.a. zur Lösung von komplexen Logistik-Problemen oder der Mustererkennung eingesetzt werden können. Terra Quantum entwickelt überdies neue Quantenalgorithmen für seine Kunden oder passt bestehende Algorithmen an deren spezifische Bedürfnisse an. 2. Terra Quantum bietet mit „Quantum Computing as a Service" seinen Kunden u.a. Zugang zu ihren proprietären, hochleistungsfähigen simulierten Quantenchips (Quantum Processing Unit – QPU), QPUs des Quanten-Ökosystems und entwickelt zudem eigene native QPUs. 3. Mit „Quantum Security as a Service" bietet Terra Quantum seine einzigartigen Lösungen für sichere Quanten- und Post-Quantenkommunikation weltweit an. Besuchen Sie Terra Quantum auf LinkedIn und unter https://terraquantum.swiss. Über Evonik Evonik ist ein weltweit führendes Unternehmen der Spezialchemie. Der Konzern ist in über 100 Ländern aktiv und erwirtschaftete 2022 einen Umsatz von 18,5 Mrd. € und ein Ergebnis (bereinigtes EBITDA) von 2,49 Mrd. €. Dabei geht Evonik weit über die Chemie hinaus, um den Kunden innovative, wertbringende und nachhaltige Lösungen zu schaffen. Rund 34.000 Mitarbeiter verbindet dabei ein gemeinsamer Antrieb: Wir wollen das Leben besser machen, Tag für Tag.

ST. GALLEN, Switzerland--(BUSINESS WIRE)--Terra Quantum, a globally leading quantum technology company focused on providing an end-to-end technology platform delivering real commercial advantage to its customers already today, provided support to Evonik in exploring how one of the world leaders in speciality chemicals could take advantage of quantum technologies to unlock operational benefits. As quantum technology continues to develop and disrupt industries, organisations that adopt these technologies early will have the competitive edge both now and in the future. The joint project focused on the simulation and design optimization of a T-shaped mixer, as a simplified stand-in for more complex manufacturing unit operations. These types of parts are commonly used in the chemicals manufacturing process, however their specific shape parameters need to be finely tuned and adjusted depending on the reaction they will be used for. The current process of designing the optimal mixer involves a lot of trial and error together with real and virtual prototyping. This results in long development times & high development costs. Terra Quantum has developed a software prototype for Evonik that exceeds the current performance for the simplified case of a T-mixer shape: "The tensor train approach we developed is useful for high-dimensional black box optimisation problems and works like a smart grid search. Specifically for the mixer shape optimisation, it approaches a superior cost function, faster in comparison to the existing Bayesian approach." Explains Karan Pinto, Director of Growth at Terra Quantum. Shape optimization and Computational Fluid Dynamics (CFD) simulation, as Terra Quantum has now carried out for Evonik, are not only used in chemical production, but also in mechanical engineering, aerospace, automotive, material science and other industries. "This simulation and optimization work is another significant development in the application of quantum computing to the chemical industry. The results already illustrate the enormous potential of quantum technology that we can expect to unfold in the decade ahead as its power to redefine performance will change all aspects of this industry," says Markus Pflitsch, CEO and Chairman at Terra Quantum, summarizing the project with Evonik. He adds, "Our joint work with Evonik is also breaking new ground. The Tensor Networks and Machine Learning approaches are novel and have not been applied in this context before.” That, he says, is also why the Terra Quantum research team has written three scientific papers on the subject following their work with Evonik on this use case. (Study 1 | Study 2 | Study 3 to be published) Henrik Hahn, Evonik's Chief Digital Officer, adds, "The cooperation with Terra Quantum has allowed us to understand the potential current and future benefit of Quantum Computing for a specific class of Evonik use cases. The software prototype that has now been developed is promising with not only faster but also better results. We are now exploring how we could work towards realizing the business benefits of these efforts for multiple use cases." The Terra Quantum prototype is compatible with the computational fluid dynamics (CFD) software used by Evonik. Terra Quantum and Evonik are currently exploring potential joint next steps. # # # About Terra Quantum Terra Quantum Group is a leading quantum technology company based in Germany and Switzerland. It provides "Quantum as a Service (QaaS)“ in three core areas, the first one being "Quantum Algorithms as a Service". Here, customers are provided access to an extensive library of algorithms, such as hybrid quantum optimization and hybrid quantum neural networks, which can be used for solving complex logistics problems or pattern recognition, among other things. Terra Quantum also develops new quantum algorithms for its customers or adapts existing algorithms to their specific needs. Secondly, through "Quantum Computing as a Service", Terra Quantum offers its customers access to its proprietary high-performance simulated quantum processing units (QPU), the quantum ecosystem’s physical QPUs, while also developing native QPUs. The third division is "Quantum Security as a Service," through which Terra Quantum offers its unique solutions for secure quantum and post-quantum communications worldwide. Visit us on LinkedIn and our website. About Evonik Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €18.5 billion and an operating profit (adjusted EBITDA) of €2.49 billion in FY2022. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. About 34,000 employees work together for a common purpose: We want to improve life today and tomorrow.

Ever-Glory International Group, Inc. (NASDAQ:EVK ) Q3 2022 Earnings Conference Call November 14, 2022 6:00 AM ET Company Participants Jiansong Wang - CFO Conference Call Participants Operator Greetings, and welcome to the Ever-Glory International Group Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

- Conference Call to be Held at 8: 00 AM ET -          NEW YORK , Aug. 10, 2022 /PRNewswire/ -- Ever-Glory International Group, Inc. (the "Company" or "Ever-Glory") (NASDAQ: EVK), a retailer of branded fashion apparel and a leading global apparel supply chain solution provider, today announced that the Company will report its second quarter 2022 financial results on August 12, 2022 before the open of trading in the U.S. The Company's management will host an earnings conference call at 8:00 a.m. Eastern Time on August 12, 2022 (8:00 p.m.

Ever-Glory International Group, Inc. (NASDAQ:EVK ) Q1 2022 Earnings Conference Call May 13, 2022 8:00 AM ET Company Participants Jiansong Wang - Chief Financial Officer Conference Call Participants Operator Please go ahead. Unidentified Company Representative Thank you, operator.

Ever-Glory International Group, Inc. (NASDAQ:EVK ) Q4 2021 Earnings Conference Call April 13, 2022 8:00 AM ET CompanyParticipants Jiansong Wang - Chief Financial Officer Conference Call Participants Operator [Call starts abruptly] Yes, please go ahead. Your line is open.

Penny stocks are as speculative as investments get, but if you don't mind the risk involved, these seven offer reasons to be interested. The post 7 Reddit Penny Stocks That Are Lighting Up the Internet and the Market appeared first on InvestorPlace.

Ever-Glory International Group, Inc. (EVK) Management on Q2 2021 Results - Earnings Call Transcript

Ever-Glory International Group Inc (NASDAQ: EVK) reported second-quarter FY21 sales growth of 20.9% year-on-year, to $60.55 million. Sales declined 14% Q/Q from $70.8 million in Q1 of FY21.

NEW YORK, Aug. 13, 2021 /PRNewswire/ -- Ever-Glory International Group, Inc. (the "Company" or "Ever-Glory") (NASDAQ: EVK), a retailer of branded fashion apparel and a leading global apparel supply chain solution provider, reported its financial results today for the second quarter ended June 30, 2021. Mr. Yihua Kang, Chairman, President and Chief Executive Officer of Ever-Glory, said, "During the second quarter, we maintained our focus on developing the retail business through our multi-brand strategy and store network optimization initiative, while improving our wholesale business by upgrading customer portfolio and enhancing our account receivables.

NANJING, China , Aug. 11, 2021 /PRNewswire/ -- Ever-Glory International Group, Inc. (the "Company" or "Ever-Glory") (NASDAQ: EVK), a retailer of branded fashion apparel and a leading global apparel supply chain solution provider, today announced that the Company will report its second quarter 2021 financial results on August 13, 2021 before the open of trading in the U.S. The Company's management will host an earnings conference call at 8:00 a.m. Eastern Time on August 13, 2021 (8:00 p.m.

Ever-Glory International Group Inc (NASDAQ:EVK) is surging higher Monday after the company announced a $5 million stock repurchase program. Under the stock repurchase program, the company can purchase shares of its common stock through various means, including open market transactions and privately negotiated transactions.

Today, investors in EVK stock are seeing absolutely massive gains today after Ever-Glory International announced a share buyback program. The post EVK Stock: The Huge News That Has Ever-Glory International Rocketing Today appeared first on InvestorPlace.

Penny stocks are starting August Strong, here's 4 for your watchlist right now The post 4 Hot Penny Stocks to Watch as August Turns Bullish appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Shares of Ever-Glory International Group Inc. rocketed 99.1% in active trading early Monday, enough to pace all of the gainers in the premarket session, after the China-based apparel retailer and supply chain solution provider announced a share repurchase program of up to $5 million. Trading volume of 10.9 million shares, which compares with the full-day average of about 755,000 shares, made the stock the second-most active in the premarket.

The stock price of Ever-Glory International Group Inc (NASDAQ: EVK) increased by over 9% pre-market. This is why it happened.