Connect with us

Latest News

The Classic Fusion Ferrari GT Watch Opens a New and Innovative Chapter in the Partnership of Excellence Between Hublot and Ferrari

Published

on

Reading Time: 5 minutes

 

Since their collaboration was announced in 2011, Hublot and Ferrari have always created watches featuring unique design and motorisation. Each new edition shows a new style. This year, Hublot presents an airy and elegant piece that relates to the “Gran Turismo” universe. The launch of the Classic Fusion Ferrari GT watch, whose extremely innovative design integrates the new UNICO manufacture movement in a body with distinguished and dynamic lines, sees Hublot and Ferrari write a new chapter in their partnership.

To keep updated, follow: #ClassicFusionFerrariGT #HublotFerrari

The long-term collaboration between Hublot and Ferrari is one of a kind and an endless source of creative inspiration that henceforth intertwines the destiny of these two prestigious houses. From the Big Bang Ferrari to the MP-05 LaFerrari or the Techframe, the race for innovation and refinement encapsulates the unstoppable creative impetus that drives the Ferrari Design Centre and the Hublot team. From the start of their union, Hublot and Ferrari had, above all, been involved in the worlds of racing and Formula 1 with the Big Bang Ferrari editions. From 2017, with the Techframe Ferrari Tourbillon Chronograph which celebrated the 70th anniversary of Ferrari, Hublot and Ferrari joined the universe of GT and this year they are going even further in this world, which has always defined a travel philosophy that combines tradition, elegance and technical perfection.

‘Driving over long distances at high speed in comfort and with style’. This is how to summarise the “Gran Turismo” spirit; the term also defines a category of limited-production, very high-performance luxury cars. The GT world is one of innovation and refinement, with a passion for mechanics and a love of passion, performance and innovation: values shared by Ferrari and Hublot. As a vibrant homage to “Grand Touring” cars, Hublot and Ferrari have decided this year—and for the first time to combine their sense of aesthetic creativity and mechanical innovation in a Classic Fusion, a watchmaking chassis that is both traditional and modern, in line with the stylistic codes of the GT universe. Another first: the famous UNICO manufacture movement has been integrated into a 45-mm-diameter Classic Fusion case. This is the second of Hublot’s own chronograph calibres, unveiled in 2018 (HUB1280). Protected by four patents, this self-winding flyback chronograph movement, with 4 Hz frequency (28’800 A/h) and a column wheel that can be seen from the dial side, has technical specifications that are fit for a champion with, in particular, a thickness of only 6.75 mm and 3-day power reserve that is very useful for day-to-day life. The entirely new Classic Fusion Ferrari GT is available in three different cases: Titanium (limited edition of 1,000 pieces), King Gold (limited edition of 500 pieces) and 3D Carbon(limited edition of 500 pieces).

All-new in the Fine Watchmaking world, 3D Carbon is a polymer matrix composite (PMC) made of three-dimensional fibres. This high-tech material, which is very popular in motorsport, has outstanding qualities of resistance and, in the case of the Classic Fusion Ferrari GT, offers a lightweight but solid layer of protection, to the UNICO manufacture movement. Designed by the “Centro Stile Ferrari”, the new Classic Fusion Ferrari GT is true to the image of the creations leaving the Maranello workshops. Its design is very contemporary; Hublot worked on the motor and Ferrari on the body. One of the main design features of the Classic Fusion Ferrari GT is the case, conceived as a true concentrical suspended element that enhances the dial presence and the sophisticated manufacturing making process. For this purpose, the “Centro Stile Ferrari” designers applied their expertise, building bridges between automotive design and watchmaking motorisation, and thereby proving that they love to work and surpass themselves on other projects than those linked to cars.

Entirely different yet resolutely complementary to the Techframe launched in 2017, the Classic Fusion Ferrari GT is a watch for lovers of fine mechanical pieces who want to display a contemporary and refined style. The dial is transparent thanks to the use of sapphire crystal and reveals the high-precision mechanics of the UNICO HUB1280 calibre, with the famous Prancing Horse appearing at 12 o’clock. Each and every detail has been subjected to meticulous finishing touches like the red thread around the sapphire crystal with anti-reflective coating, a stylistic reference to the legendary Ferrari colour. The straps of the Classic Fusion Ferrari GT have been subtly created in black rubber and dressed in Schedoni leather, like the seats of the Maranello race cars. Round like a racing tachometer, the new Classic Fusion Ferrari GT is a piece for our time, with particular attention paid to the ergonomics and a thickness of only 13.15 mm, a rarity for an integrated flyback chronograph. This innovatively designed, airy watch of rare elegance opens a major new chapter in the partnership of excellence between Hublot and Ferrari.

HUBLOT

Founded in Switzerland in 1980, HUBLOT is defined by its innovation, which began with the highly original combination of gold and rubber. This “Art of Fusion” stems from the imagination of its visionary Chairman, Jean-Claude Biver, and has been driven forward by CEO Ricardo Guadalupe since 2012.

The release of the iconic, multi-award-winning Big Bang in 2005 paved the way for new flagship collections (Classic Fusion, Spirit of Big Bang), with complications ranging from the simple to the highly sophisticated, establishing the extraordinary DNA of the Swiss watchmaking house and ensuring its impressive growth.

Keen to preserve its traditional and cutting-edge expertise, and guided by its philosophy to “Be First, Different and Unique”, the Swiss watchmaker is consistently ahead of the curve, through its innovations in materials (scratch-resistant Magic Gold, ceramics in vibrant colours, sapphire), and the creation of Manufacture movements (Unico, Meca-10, Tourbillon).

HUBLOT is fully committed to creating a Haute Horlogerie brand with a visionary future: a future which is fused with the key events of our times (FIFA World CupTM, UEFA Champions LeagueTM, UEFA EUROTM and Ferrari) and the finest ambassadors our era has to offer (Kylian Mbappé, Usain Bolt, Pelé).

Discover the HUBLOT universe at our network of boutiques located in key cities across the globe: GenevaParisLondonNew YorkHong KongDubaiTokyoSingapore, and at HUBLOT.com

TECHNICAL SPECIFICATIONS

REFERENCE

CASE-BACK

BEZEL

CASE 

Titanium: 526.NX.0124.VR

Titanium : Microblasted Titanium

Titanium and 3D Carbon : Microblasted Titanium and Sapphire crystal

Titanium : Microblasted Titanium 

Limited to 1000 pieces

King Gold  : 18K King Gold 

Polished black-plated Titanium lower bezel

King Gold: 526.OX.0124.VR

Carbon : Carbon 3D Fiber

King Gold  : 

Limited to 500 pieces 

Microblasted 18K King Gold and Sapphire crystal

King Gold : Microblasted 18 K King Gold 

3D Carbon: 526.QB.0124.VR

Diameter: 45mm

Polished black-plated Titanium lower bezel

Limited to 500 pieces 

Thickness: 13.15mm

Water resistance: 10 ATM (100m)

Carbon 3D:

Polished black Ceramic

Microblasted Titanium lower bezel 

4 H-shaped Titanium screws 

DIAL

MOVEMENT

STRAP & BUCKLE

PRICE (On 20thof March 2019)

Sapphire crystal

HUB1280: UNICO Manufacture 

Schedoni Leather Strap and black Rubber 

Titanium : 

Self-winding Chronograph flyback movement with 

20’900 CHF

column wheel 

Titanium: Titanium deployant buckle clasp

21’700 EUR

Frequency: 4Hz (28’800 A/h)

22’000 USD

Power reserve: 72 Hours

King Gold: 18K King Gold and Black-plated Titanium deployant buckle clasp

18’200 GBP

No. of Components: 354

Jewels: 43

3D Carbon: Black Ceramic and black-plated Titanium Deployant buckle clasp

King Gold : 

36’900 CHF

38’300 EUR

38’800 USD

32’100 GBP

3D Carbon : 

25’900 CHF

26’900 EUR

27’300 USD

22’600 GBP

Click here to download the pictures

Stay updated with #HublotBaselworld #Hublot

SOURCE Hublot

Blockchain

eToroX Adds Dash, USDC, USDT and 5 New Stablecoins

Published

on

eToroX, the blockchain subsidiary of global investment platform eToro, has added five new fiat stablecoins, a new cryptoasset, two further established stablecoins and a crypto-commodity pair, signalling its rapid growth, having only launched only six months ago. There are now 26 tradable assets available on the exchange.

The new assets announced today are:

  • Turkish Lira (TRYX), Polish Zloty (PLNX), South African Rand (ZARX), Hong Kong Dollar (HKDX), and Singapore Dollar (SGDX)
  • Peer-to-peer cryptoasset, Dash
  • Circle’s USDC and Tether’s USDT stablecoins
  • GOLDX/BTC pairing

eToroX is committed to supporting the needs of algo traders seeking to diversify into cryptoassets on a secure and regulated platform. These new additions also demonstrate eToroX’s focus on Asian markets.

Doron Rosenblum, Managing Director of eToroX commented, “We see the addition of USDC and USDT as a way for eToroX to further meet the needs of professional and institutional algo traders, particularly in the Asian markets. Adding five new stablecoins, plus the addition of the Dash cryptoasset, demonstrates our ongoing commitment to bridge the gap between the world of blockchain and traditional financial markets.”

GoldX – the tokenized gold stablecoin – is now available as a base currency for a trading as a pair with Bitcoin (GOLDX/BTC). Increasingly, bitcoin is being compared with gold as a store of value. Gold is viewed as a safe haven asset, and bitcoin is increasingly being referred to as ‘digital gold’.

Rosenblum continued: “Our Gold/Bitcoin pair provides a means to trade between the old and the new stores of value, making Gold/BTC an extremely special and interesting combination.

With today’s new additions, eToroX has added a total of 96 trading pairs since its inception in April this year, and currently offers seventeen eToroX stablecoins in addition to USDC and USDT.

The pairs include: USDEX/ZARX, ZARX/JPYX, EURX/PLNX, USDEX/PLNXUSDEX/HKDXUSDEX/TRYXUSDEX/SGDXETH-USDTXRP-USDTLTC-USDTBCH-USDTXLM-USDTEOS-USDTTRX-USDTBTC-USDCETH-USDCXRP-USDCLTC-USDCBCH-USDCXLM-USDCEOS-USDC, and TRX-USDC.

As eToroX continues to open up the world of trading on the blockchain, more trading pairs will be announced. eToroX will also be adding additional cryptoassets and stablecoins to the exchange in the coming months.

 

SOURCE eToro

Continue Reading

Blockchain

Ucommune Hosts 4th World INS Conference in Beijing, Releases Future Trends White Paper

Published

on

Ucommune Releases Future Trends White Paper

 

Ucommune, China’s largest co-working community operator, recently hosted the 4th World INS Conference in Beijing, China. Designed to facilitate information exchange and cooperation in the innovation economy, this year’s conference brought together thousands of entrepreneurs and thought leaders around the theme “The Future of Co-inventing”, echoing Ucommune’s three core values, “Innovation, Network and Share”.

The conference welcomed over 50 experts, scholars, industry leaders, investment institutions, entrepreneurial innovators to discuss a range of trending topics spanning from smart living solutions to innovation and business growth.

“As China’s largest co-working operator, it is our responsibility to connect people and facilitate the exchange of ideas to drive innovation,” said Dr Daqing Mao, Founder and Chairman of Ucommune. “Now in its fourth year, the INS World Conference brings together the most brilliant minds from across the country to create and share. Enriched with the spirit of innovation, sharing and connection, this conference looks at how future technology trends, creative ideas and cultural developments are transforming our daily life and work.”

During the conference, Ucommune announced the findings of their annual “The Future of Co-inventing: Report on Future Trends in 2019” white paper, providing valuable academic insights for data analysts, economic observers and political researchers. The 96-page report includes data from 76 data sets and ten cities to examine how artificial intelligence will shape future homes, public spaces, and businesses across nine scenarios and industries: blockchain technology; 6G; connected family healthcare systems; VR applications; autonomous driving and facial recognition.

Continue Reading

Blockchain

Neptune Reports Fiscal 2020 Second Quarter Results

Published

on

Photo source: publicwire.com

 

Neptune Wellness Solutions Inc. (“Neptune” or the “Corporation”) (NASDAQ: NEPT) (TSX: NEPT), today announced its financial and operating results for the three-month period ended September 30, 2019. All amounts are in thousands of Canadian dollars except specified otherwise.

Second Quarter Financial and Corporate Highlights:

  • Total revenues for the three-month period ended September 30, 2019 amounted to $6,512, representing an increase of $2,151 or 49% over the first quarter ended June 30, 2019 and a decrease of $559 or 8% compared to $7,071 for the three-month period ended September 30, 2018.
  • Revenues from the Cannabis segment reached $1,220, an increase of $1,182 sequentially from the three-month period ended June 30, 2019. Neptune started the commercial operations of its Cannabis segment in March 2019 and hence had no revenues in the prior year period ended September 30, 2018.
  • Revenues from the Nutraceutical segment for the three-month period ended September 30, 2019 amounted to $5,149, representing an increase of 20% sequentially, over the first quarter ended June 30, 2019 and a decrease of $1,922 or 27% compared to $7,071 for the three-month period ended September 30, 2018. The decrease in revenues was attributable to timing of orders of our nutrition business.
  • Net loss for the three-month period ended September 30, 2019 amounted to $20,775 compared to $3,050 for the three-month period ended September 30, 2018, an increase of $17,725. The increase is mainly attributable to an increase in stock-based compensation expense, depreciation and amortization and to accretion expense on contingent consideration combined with a lower Adjusted EBITDA1.
  • Adjusted EBITDA1 decreased by $3,353 for the three-month period ended September 30, 2019 to ($4,581) compared to the three-month period ended September 30, 2018. The decrease in Adjusted EBITDA1 is mainly attributable to investments made in the cannabis segment to grow the workforce in anticipation of increased sales volume as well as an increase in salaries and benefits at the corporate level.
  • On July 24, 2019, Neptune completed the acquisition of the assets of SugarLeaf. Neptune paid an initial consideration for SugarLeaf of $23.7 million (US$18.1 million), a combination of $15.8 million (US$12 million) in cash and 7.9 million (US$6.1 million) or 1,587,301 in common shares.
  • On August 14, 2019, Neptune announced the creation of Neptune Ventures, a strategic investment arm and technology incubator which is expected to stimulate innovation and partnerships in the cannabis and wellness industries.
  • On August 22, 2019, Neptune announced the addition of two new members to its team to support the company’s rapid growth. Neptune appointed Stephen Lijoi, as Vice-President Operations and José Dominguez as Cannabis Sommelier and Formulation Specialist.
  • In August 2019, Neptune appointed Mr. Philippe Trudeau to its Board of Directors. Mr. Trudeau is a visionary leader with extensive experience in consumer goods. Mr. Trudeau spent 25 years at Trudeau Corporation, a consumer products company marketed in more than 70 countries, where he held many key positions including president from 2010 to 2018.

Subsequent to Quarter-end

  • On October 4, 2019, Neptune announced a new strategic partnership with American Media LLC (“American Media”) which will provide US$12 million in advertising and creative services to Neptune to support the marketing and commercialization of Neptune’s consumer-facing brands in the U.S. Neptune will issue 3,000,000 warrants to AMI, each warrant allowing the holder to purchase one common share of Neptune at an exercise price of US$8.00 per share and with a 5-year expiration date.
  • On October 17, 2019, Neptune announced that it entered into an agreement to provide extraction services to a large U.S.-based farming services operation. Under the contract terms, Neptune will receive hemp biomass to be processed and transformed into crude oil extracts. The 2-year agreement could reach a total value in excess of US$20 million.
  • On October 17, 2019, the Corporation announced the appointment of Brett DuBose as Vice-President of Sales for the U.S. Region. Brett has more than 20 years of sales experience, most recently with Lonza Consumer Health and Nutrition where he was Associate Director Sales, for the Eastern U.S and Canada.
  • On November 11, 2019, Neptune announced that it has entered into a definitive agreement with International Flavors & Fragrances Inc. (NYSE: IFF) to co-develop hemp-derived CBD products for the mass retail and health & wellness markets. Under this strategic product development partnership, IFF will leverage its intellectual property (IP) for taste, scent, nutrition, and ingredients to provide essential oils and product development resources. Neptune will leverage its proprietary cold ethanol extraction processes and formulation IP to deliver high quality, full and broad-spectrum extracts for the development, manufacture and commercialization of hemp-derived products, infused with essential oils, for the cosmetics, personal care and home care markets. The initial launch will include a variety of topical products across the aromatherapy category, a market estimated at approximately $3 billion annually. Neptune will issue 2,000,000 warrants to IFF, each warrant allowing the holder to purchase one common share of Neptune at an exercise price of US $12.00 per share and with a 5-year expiration date.

“We have a strong opportunity in the consumer market, and in recent months I have been focused on developing our B2B and B2C strategy for the U.S. market. According to most estimates, the U.S. hemp-derived CBD market is expected to exceed US$20 billion at retail in the next five years. This market size is roughly three to four times larger than the expected size of the Canadian cannabis market and represents our largest opportunity today. The collaboration agreement with IFF and the American Media partnership will help raise the awareness of our CBD brand, Forest Remedies™. We expect to introduce our first consumer products at retail locations and online with rollout commencing in the first half of CY2020,” stated Michael Cammarata, CEO of Neptune.

“We achieved a significant milestone in mid October when we completed our Phase II capacity expansion. This additional capacity will alleviate our constraints in the near-term and help accelerate the company’s revenue growth in the cannabis segment. However, the start-up of our ethanol process has been longer than initially expected which has delayed the full ramp-up by one month to the end of December. With regards to our CO2 operations, we have been running seven days a week since the end of July and we are pleased with our yields and quality of extracts.” Said Stephen Lijoi, VP Operations.

“I believe we have created a very solid foundation to grow our company with a well capitalized balance sheet. Moreover, we are at an inflection point in terms of profitability. The dynamics of the legal cannabis and hemp extraction markets remain favorable with a scarcity of biomass extraction capacity in both Canada and the U.S., which should lead to continued sustained demand for our extraction services. We expect our revenue growth to accelerate for the remainder of the FY2020 based on the strong demand witnessed for extraction services. Lastly, we have a comprehensive strategy based on geographic diversification, and a wide scope of value-added services, as well as unique and distinctive products,” concluded Mr. Cammarata.

Financial Results

Total revenues reached $6,512 for the three-month ended September 30, 2019, down versus last year’s revenues of $7,071. The majority of the revenues during the quarter were generated in the Nutraceutical segment. The decline in total revenues was attributable to timing of orders of our nutrition business.

For the three-month ended September 30, 2019, Adjusted EBITDA1 was a loss of $4,581 compared with a loss of $1,228 last year. The increased Adjusted EBITDA1 loss is due to investments made in the cannabis segment to grow the workforce in anticipation of increased sales volume as well as an increase in salaries and benefits at the corporate level. The decrease can also be explained by an increase in litigation legal fees and additional SG&A coming from SugarLeaf.

Neptune reported a net loss of $20,775 for the three-month ended September 30, 2019, an increase compared to a net loss of $3,050 last year. The increase in net loss is mainly attributable to an increase in stock-based compensation expense, depreciation and amortization and accretion expense recognized on contingent consideration as well as for the same reasons as stated in the Adjusted EBITDA1 section above.

Cash and cash equivalents were $24,399 as of September 30, 2019.  On November 6, 2019, Neptune closed a revolving line of credit with a large Canadian financial institution for an amount of $5 million to support the nutraceutical segment.

Management Update

This summer Neptune initiated a search process to hire a new CFO. This process is well underway and the Corporation’s new CFO is expected to be announced in the coming months. Following the departure of Mario ParadisClaudie Lauzon has been appointed interim CFO of the Company. Ms. Lauzon is the Corporate Controller of Neptune and has been employed by the Corporation for 10 years.

Official Launch of the Forest Remedies Brand

Our CBD consumer brand, Forest Remedies™, was acquired along with the purchase of SugarLeaf Labs. Initially, Forest Remedies™ was used to gain consumer insights on CBD finished product forms. Since its beginning in the fall of 2018, the brand has gained traction locally. The increasing demand for high quality hemp-derived products has led Neptune to recently rebrand Forest Remedies™ to appeal to a wider audience. Forest Remedies™ offers finished products such as tinctures, balms, massage oils, soft gels, and pet soothers. Additional products are currently in development. Forest Remedies™ products will continue to be available online (www.forestremedies.com) and could enter mass market retailers in calendar 2020. With innovation and a focus on quality, Neptune is confident in its ability to successfully grow the Forest Remedies™ brand. The company will deploy a marketing campaign and will be launching a new online platform in early calendar 2020.

Research and Development Initiatives

Neptune is undergoing and/or planning 10 research and clinical studies to further elucidate the benefits of its MaxSimil omega-3 licensed technology. Among the several initiatives underway is a clinical study that is a follow-up on a successful nonclinical study to determine if MaxSimil fish oil, when used as a carrier oil, can increase the absorption of cannabinoids in humans. In another study Neptune will try to establish if our proprietary formulation of MaxSimil fish oil and CBD can help with occasional anxiety from everyday life events. We also have an upcoming clinical study which will look at the use of our proprietary formulation of MaxSimil fish oil and CBD for workout recovery to determine if athletes will benefit from its use. This builds on the findings of our mitochondrial activity and inflammation resolution studies. We have increased our clinical activity because of the benefits we see in combining our omega-3 formulations with cannabinoids and have increased the size of our R&D team accordingly.

Outlook

“We continue to see strong demand for extraction services in Canada. We have provided extraction services to five clients in Canada and expect to continue to diversify our client base in the coming months. While the ramp-up of our phase II ethanol extraction is slower than originally anticipated, once running at full capacity by the end of December, this custom-built specialized equipment should provide Neptune with low operational costs,” said Stephen Lijoi, VP Operations at Neptune.

The construction of our Phase IIIa is ongoing and is being adapted to our customers’ needs and changes in the Canadian Federal and Provincial regulatory requirements for Cannabis 2.0. This process is expected to be completed before fiscal year-end, subject to Health Canada approval. The expansion of our packaging capabilities is tracking as planned along with the installation of security measures for our warehouse to comply with Health Canada’s requirements. We expect to send a license amendment to Health Canada for the certification of those areas early in calendar 2020.

The next few months will be very active at Neptune. We have several projects ongoing in Canada such as obtaining our organic certification, applying for our sales license and further down the road, seeking our EU GMP certification. These future catalysts should help the company accelerate its revenue growth in Canada.

Our U.S. operations are scaling up as planned and our facility in North Carolina should reach a processing capacity of 1,500,000 kg of biomass annually by the end of December, as expected. The recent changes implemented by the USDA are expected to increase the cultivation of hemp in the US and could translate into increased demand for biomass extraction in the coming years. The recent client wins are an endorsement of our ability to provide superior extraction services. Our talent pool continues to grow with the addition of key personnel such as a VP Sales – U.S. Region and a Head – Quality Assurance both of which should help support additional growth.

 

SOURCE Neptune Wellness Solutions Inc.

Continue Reading

Trending

TheBlockchainExaminer is a news publishing website which digests / hand picks the latest news about the blockchain industry and serves them to you daily.

Contact us: pressroom@theblockchainexaminer.com

© TheBlockchainExaminer.com 2019 - part of PICANTE Media. All rights reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania