Technology
RS Joins Schneider Electric in Celebrating 100 Years of TeSys Motor Controls
Published
2 years agoon
By
Today’s TeSys motor controls deliver the best-in-class safety, reliability, and functionality that made TeSys an internationally trusted brand and help industrial automation customers overcome contemporary challenges, including energy costs, sustainability, and scalability.
FORT WORTH, Texas, Oct. 7, 2024 /PRNewswire/ — RS, a global product and service solutions provider for industrial customers, is proud to join Schneider Electric in celebrating the 100th birthday of the TeSys Motor Control Series.
The first product in Schneider Electric’s TeSys motor control line — the industry’s first BAR conductor — was introduced in 1924. Continued innovation expanded the line with the introduction of the industry’s first enclosed motor starter in 1935, first modular contactor in 1973, and first compact, modular three-in-one motor starter in 2004. Today, the TeSys line is internationally renowned for best-in-class safety and reliability, plug-and-play architecture, and flexible functionality. All products in the series are easy to install, use, and maintain, designed for advanced connectivity, and equipped with industry-leading safeguards ranging from high short-circuit current ratings to cybersecurity features, which effectively reduces total cost of ownership, provides critical support for the continued digitalization and electrification of the industrial automation industry, and improves both operator and equipment safety.
As such, Schneider Electric’s TeSys Motor Control Series is one of the industry’s most trusted brands for implementing Industry 4.0 digitalization and electrification trends and unlocking a new era of motor control capabilities and performance. Present TeSys motor control products are engineered to improve the installation, availability, safety, operation, and service life of electrical controls. Several products are equipped with digital functions for data collection, communication, and analysis and designed for integration into IIoT architectures. These advanced capabilities make it easy and economical to implement smart load management, source management, and preventive maintenance practices; transmit equipment and process data to higher-level software solutions for analysis; and leverage the resulting knowledge to improve energy efficiency and productivity, mitigate material and mechanical wear and other potential points of failure, and reduce operating costs.
The modern TeSys product line continues to deliver on its historic advancements in motor protection, monitoring, and control and emphasize safety, reliability, and flexibility, providing OEMs, panel builders, system integrators, maintenance technicians, service contractors, and end users with significant advantages, including:
Reduced carbon emissions. Low consumption coils reduce the energy needed to operate contactors by up to 90%, resulting in a large impact over the life of the contactor.Increased reliability. Wide voltage electric coils significantly increase the range of voltage operation, helping customers continue operation despite power quality issues. High short-circuit current ratings provide greater protection performance during short-circuit events.Enhanced safety. SIL starters, integrated mirror contacts and easily identifiable red covers help OEMs apply machine safety standards.Better price performance. Smart motor management can deliver a 20% return on investment, a 30% reduction in solution costs, and four-times faster recovery time after a motor stop and prolong motor lifetimes.
The TeSys line is comprised of many different series, including:
TeSys Deca for high-performance motor control. The new-generation TeSys Deca Series motor starters provide robust and reliable solutions optimized for swift integration into various industrial applications and environments and engineered to deliver long-lifetime performance up to two million operations and help machine builders shorten development cycles and hasten time-to-market. This series features a compact and modular design that supports multiple configurations, broad application suitability, and global employment, Everlink terminals engineered to maintain conductor torque to reduce hotspots and improve reliability, and wide voltage electronic coils designed to improve reliability in poor power quality conditions, consume less energy, and reduce the number of SKUs needed to cover a range of applications. It also exhibits high SCCR. Ideal applications for the TeSys Deca Series extend throughout the industrial manufacturing, energy and utilities, commercial building, and agriculture industries and include semiconductor and food and beverage manufacturing, packaging systems, power grids, elevators, cranes, compressors, HVAC systems, and pumping, remote pumping, and refrigeration systems.
TeSys Giga for large motor control. The TeSys Giga Series combines simplicity with robust performance and features self-diagnostic LED indicators, easy-to-replace contacts, and comprehensive protection to improve correction speeds, optimize task times, and reduce downtime. It also reliably isolates circuits in systems that switch between utility and generator or alternative energy sources. Ideal applications include high-current switching for large motor applications, including commercial HVAC and pumping systems, as well as high-current isolation used in electrical source management.
TeSys Ultra for compact motor control. The TeSys Ultra Series features an innovative and self-protected motor starter combination that delivers high-endurance on-off motor control, motor disconnection, and short-circuit and overload protection in a single device with total coordination. Like the TeSys Deca Series, it also exhibits high SCCR and features a compact and modular design that supports multiple configurations, broad application suitability, and global employment. Ideal applications include high-density motor control applications, such as car washes and material handling systems.
TeSys island for smart motor control. This smart, fully digitized, and object-oriented load management system unlocks insightful Industry 4.0 machine data to enhance machine intelligence and reliability, enables remote access to the energy data for each individual load, supports predictive maintenance strategies, and reduces asset time-to-market. It’s also easy to configure, compatible with a wide variety of PLCs, and designed to simplify PLC programming, provide a multitude of usable data parameters, and significantly reduce control wiring with easy-to-connect ribbon cable ports. Ideal applications include remote water lift stations and oil and gas pumping systems.
“For a century now, TeSys motor controls have been at the forefront of electrical control and power management, setting the standard for reliability and performance,” said Tiffany Moore, Load Management Leader at Schneider Electric. “What started with the invention of the industry’s first bar contactor designed to handle high-current electrical loads in 1924 has, over the last 100 years, expanded and evolved to include several other industry-firsts and continually raise the bar in terms of safety, reliability, and functionality in the large-scale, high-capacity-production automated manufacturing, material handling and packaging, energy and utility, oil and gas, commercial building, and agricultural applications. From the design and build phases through to the operation and maintenance phases, TeSys motor controls provide a holistic lifecycle solution that helps users overcome common challenges — and they always will. The next century of TeSys solutions will include new product launches aimed at addressing contemporary challenges, including energy costs, sustainability, and scalability, and will be available through our dependable network of knowledgeable distribution partners, including RS.”
TeSys motor control products are compliant with UL, CSA, IEC, and other global certifications, and its high performance makes it a trusted motor control solution in many UL508A control panels.
To learn more about Schneider Electric and its cutting-edge TeSys motor controls backed by 100 years of research, development, and industrial use, click the links embedded here or visit Schneider Electric’s TeSys product page. To learn more about motor control, click through to access relevant selections from our RS Expert Advice series of thought leadership articles, interviews, and podcasts. For assistance identifying, procuring, deploying, and maintaining TeSys motor controls designed to improve the safety, reliability, functionality, efficiency, sustainability, and scalability of your industrial automation applications, contact your local RS representative at 1.866.433.5722, or reach out to our technical support team.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values. www.se.com
About RS
RS is a global product and service solutions provider for industrial customers, enabling them to operate more efficiently and sustainably.
We stock over 800,000 industrial and associated electronic products and list an additional five million, sourced from over 2,500 leading suppliers. This extensive range supports 1.1 million customers in maintaining, repairing, and operating industrial equipment. With a technically led and digitally enabled approach, we are enhancing customer experience, delivering operational excellence, and simplifying the supply chain at every step.
RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2024 reported revenue of £2,942 million.
For more information, please visit https://www.rsgroup.com/ or connect with us on LinkedIn or X (Twitter).
About RS in the Americas
In the Americas region, RS stocks more than 250,000 industrial and electronic products from more than 700 trusted suppliers. These solutions cover categories extending from automation and control equipment to interconnect, passive, active, and electromechanical components and include more than 80,000 high-quality, competitively priced RS PRO products. For more information, please visit https://us.rs-online.com or connect with us via social media on Facebook, X (Twitter), LinkedIn, and YouTube.
Image Download:
Schneider TeSys 100th Birthday PR (Square).jpg
Schneider TeSys 100th Birthday PR (Horizontal).jpg
Editorial Contact & Media Inquiries:
Erica Goode, RS Director of Marketing – U.S. and Canada
Erica.Goode@rsgroup.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/rs-joins-schneider-electric-in-celebrating-100-years-of-tesys-motor-controls-302260664.html
SOURCE RS
You may like
Technology
Kuaishou Technology to Report 2026 First Quarter Financial Results on May 27, 2026
Published
2 hours agoon
May 6, 2026By
HONG KONG, May 6, 2026 /PRNewswire/ — Kuaishou Technology (“Kuaishou” or the “Company”; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced that it will report its unaudited consolidated first quarterly results for the three months ended March 31, 2026, after the Hong Kong market closes on Wednesday, May 27, 2026.
The Company’s management will host a conference call on Wednesday, May 27, 2026, at 7:00 PM Beijing Time (7:00 AM U.S. Eastern Time) to discuss the results.
Participants are required to pre-register for the conference call at:
Chinese Line (Mandarin):
https://s1.c-conf.com/diamondpass/10054245-xi6ksd.html
English Simultaneous Interpretation Line (listen-only mode):
https://s1.c-conf.com/diamondpass/10054246-wl3yqp.html
Participants can choose between the Chinese and English simultaneous interpretation options for pre-registration above. Please note that the English simultaneous interpretation option will be in listen-only mode. Upon registration, participants will receive an email containing conference call dial-in details, event passcode, and a unique registrant ID. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.
Additionally, live, and archived webcasts of the conference call, for both Chinese and English simultaneous interpretation, will be available on the Company’s investor relations website at https://ir.kuaishou.com.
Replays of the conference call will be available until June 3, 2026 via the following dial-in details:
Dial-in Numbers
Mainland China:
400 1209 216
Hong Kong:
800 930 639
US/Canada:
1855 883 1031
Chinese conference ID:
10054245
English simultaneous interpretation conference ID:
10054246
About Kuaishou
Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou’s platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more. For more information, please visit https://ir.kuaishou.com.
For investor and media inquiries, please contact:
Kuaishou Technology
Investor Relations
Email: ir@kuaishou.com
View original content:https://www.prnewswire.com/news-releases/kuaishou-technology-to-report-2026-first-quarter-financial-results-on-may-27-2026-302763955.html
SOURCE Kuaishou Technology
Technology
Mox Breaks Even in Q1 2026 amid Strengthening Profitability Outlook, Launches Mox+ Wealth Solutions and Mox Invest Upgrades
Published
3 hours agoon
May 6, 2026By
Bringing Wealth Within Reach of all in Hong Kong
HONG KONG, May 6, 2026 /PRNewswire/ — Mox Bank Limited (“Mox” or “the Bank”), on the back of delivering a financial breakeven quarter for Q1 2026, today announced the launch of Mox+. This wealth solution is engineered for Hong Kong’s young professionals and emerging affluent and will be a driver of sustainable profitability for the Bank. Mox+ combines wealth capabilities with curated lifestyle benefits, marking Mox’s evolution from everyday banking to a comprehensive wealth partnership.
The financial achievement was driven by robust momentum across all business lines and achieving a significant milestone demonstrates the success of the accessible business model which after 5 years is now used and valued by over 750,000 customers in Hong Kong.
Barbaros Uygun, CEO of Mox, said, “Achieving financial breakeven for the first quarter of 2026 on the back of a strong 2025 set of results, shows our direction of travel. We have the momentum to drive positive change, providing wealth opportunities to all in Hong Kong and do so in a profitable manner. Our client-centric business model is proving that it is the right one for sustainable profitability.
Our digital wealth management platform serves as a trusted partner for our over 750,000 customers at every stage of life, empowering them to manage their finances with confidence and unlock new possibilities. We are entering a new chapter of growth as we continue to expand our product portfolio and wealth management offerings, with the launch of Mox+ being one such initiative.”
He continued, “To support this evolution, we are evolving into an AI-native bank, doubling our operational capacity through a strategic human-bot partnership, equipping every staff member with a personalised AI assistant to deliver even greater service and efficiency.”
Mox+ members enjoy preferential fees and charges on Mox Invest and preferential pricing on foreign exchange, enhanced deposit rates (3.5% p.a. up to HKD5 million), as well as priority customer support and early access to experiences and new products. These benefits can be gained simply by maintaining an average daily balance of HKD 600,000 or above across all deposits and investments which will lead to automatic qualification for Mox+ for the following month. The programme integrates financial advantages with lifestyle benefits—including curated dining rebates, free hotel stays, Starbucks coffee vouchers, health benefits and exclusive member experiences—reflecting Mox’s belief that wealth building should be both strategic and rewarding.
Jayant Bhatia, Chief Business Officer of Mox, commented, “At Mox, we are dedicated to establishing the financial well-being of Hongkongers. Designed and tailored for Hong Kong’s young professionals and emerging affluent segment, which is underserved in Hong Kong, Mox+ offers solutions for daily savings and preferential wealth management service fees for long-term wealth creation as well as rewarding lifestyle benefits. This is strategically significant as one of our key initiatives to drive business growth and make Wealth Within Reach for Hongkongers.”
Throughout 2025, Mox has already strengthened its product portfolio with new solutions in Mox Invest. The Mox Invest platform saw trading volumes increasing to 2.4 times and assets under management (AUM) growing to 2.6 times that of last year. More than 10% of Mox customers have opened a Mox Invest account, reflecting strong demand for its wealth solutions driven by new products and services. In 2026, we will continue our momentum in launching new and innovative products and services and are already scaling up to serve the next generation of wealth builders in Hong Kong. Having already recently launched a crypto trading service, Mox Invest is set to introduce an IPO subscription service later this year.
The Bank has clear reasons for continuing to develop wealth management products. The “Wealth Behaviours: Insights into how individuals are saving and investing” survey conducted by Mox in collaboration with Ipsos revealed that Hongkongers continue to take a conservative approach to investing, with 63% of their liquid assets kept in cash and deposits – a trend that contributes to “cash drag” and limits potential wealth growth. More than two-thirds of respondents indicated they require an average of 5.6 months to save up to their desired investment threshold and typically delay investing their savings by a further 2.75 months on average, resulting in missed opportunities for long-term wealth accumulation[1]. This survey will continue as an ongoing research initiative to deepen our understanding of Hongkonger’s wealth management behaviours and enable the Bank to develop tailored solutions that puts wealth within reach.
After Mox was amongst the first wave of banks in Asia to offer a crypto trading service, Mox Invest now further offers One Click Investments (a simplified process for buying equities based on themes such as AI, technology, amongst others), Trading Signals, and gives customers access to professional fund strategies including Signature CIO funds developed in partnership between Standard Chartered Bank CIO office and Amundi. The Signature CIO funds offer four different type of funds based on individuals’ risk appetite which could be Conservative, Income, Balanced or Growth. Customers also have options amongst a wide range of funds offered by other world-class fund houses.
A Track Record of Rapid Scale and Adoption in the Last 5 Years
Since its launch in September 2020, Mox has brought to the market more than 15 market-first products or services and achieved significant scale with over 750,000 customers, reflecting the trust and growing preference of Hong Kong consumers for a seamless digital banking experience. To date, Mox customers have driven a cumulative spend of HKD70 billion, supported by a robust volume of 176 million card transactions and approximately 2 billion Asia Miles earned through Mox Card and other banking services. Its commitment to delivering tangible value to customers is further evidenced by the HKD2 billion distributed in cash rewards.
Beyond daily spending, Mox has become central to its customers’ financial lives, facilitating approximately 50 million outward FPS transfers and more than 5 million bill payments. As a preferred companion for travelers, the Mox Card has been used over 31 million times in overseas transactions, contributing to a total of 250 million app engagements as we continue to redefine digital banking for the Hong Kong community.
To learn more about Mox, please visit: mox.com.
About Mox Bank Limited (“Mox”)
Mox is a pioneering digital bank licensed in Hong Kong, and a registered institution (CE number: BNO808) powered by Standard Chartered in partnership with PCCW, HKT and Trip.com. Launched in September 2020, Mox is reimagining banking, unlock more of life’s possibilities, and setting global benchmarks for digital banking from Hong Kong.
Mox is well on track to be the number one digital bank for cards, lending and wealth. In 2026, it was awarded as Best Pure-Play Digital Bank for CX in Hong Kong and Outstanding Digital CX in Banking App/ Platform by The Digital Banker Digital CX Awards. It was also recognised as NeoBank of the Year, Retail Banking, Hong Kong and Best Retail Banking Experience, Hong Kong by The Asset Triple A Digital Finance Awards. In 2025, Mox is ranked as the number one digital bank in Hong Kong in Neobank Ranking 2025 by The Banker, a publication by Financial Times. It was also awarded the Best Digital Bank in Hong Kong by The Asian Banker for three consecutive years, and the Digital Bank of the Year in Hong Kong by Asian Banking & Finance for two years in a row. It was also recognised as one of Asia’s Top 5 mobile banking app and the number one Hong Kong digital banking app in Sia Partners’ 2025 International Mobile Banking Benchmark. Mox Credit Card held its position as the seventh-largest credit card portfolio among all retail banks in Hong Kong[2]. Through a scalable platform, lower cost-to-serve, top-notch customer experience and the unique promise of safe, simple, smart, and fun banking, Mox has found immense affinity among Hong Kong customers: Mox app is the top-rated Hong Kong digital banking app in Apple App Store in Hong Kong[3], scoring 4.8 out of 5. Mox’s influence extends beyond Hong Kong, as shown by the company’s technology and know-how being transferred to Trust Bank in Singapore.
Join us in shaping the future of banking.
Follow Mox on mox.com, Facebook, Instagram, Threads, LinkedIn and YouTube for our latest updates.
[1] The “Wealth Behaviours: Insights into how individuals are saving and investing” study was conducted in collaboration with Ipsos and it surveyed 2,500 working adults with a monthly household income above HKD15,000 in Hong Kong between August 2025 and April 2026.
[2] According to TransUnion’s Market Insights and Intelligence Dashboard (MIID) for the period from January to December 2025.
[3] As of the period from 28 January 2025 to 5 May 2026.
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/mox-breaks-even-in-q1-2026-amid-strengthening-profitability-outlook-launches-mox-wealth-solutions-and-mox-invest-upgrades-302763875.html
SOURCE Mox Bank Limited
Technology
UK Students Recognised in National AI Investment Challenge
Published
3 hours agoon
May 6, 2026By
University teams apply AI to real-world investment problems, with Lancaster University team taking the top prize.
LONDON, May 6, 2026 /PRNewswire/ — CFA Institute, the global association of investment professionals, has announced the winner of its inaugural AI Investment Challenge, with the top prize awarded to a student team from Lancaster University.
Some 28 teams from 15 universities took part in the competition.
Delivered by CFA Institute and CFA Society UK, the competition brought together students from universities across the United Kingdom to tackle real investment challenges using artificial intelligence. The focus was on practical application, responsible use, and real-world relevance.
Finalists came from Durham University, Heriot-Watt University, Lancaster University, University of Exeter, and University of Manchester.
Teams presented AI-powered solutions to a range of industry challenges, from assessing how carbon pricing affects portfolio values to analysing large volumes of company disclosures and extracting insights from company earnings calls. The winning team from Lancaster University impressed judges with its design of a Disclosure Degradation Detection System – an early-alert tool for analysts that monitors upstream exposure to disclosure risk by analysing company and supplier filings for increasingly vague, complex, or weakening language.
Peter Watkins, Head of University Relations, CFA Institute, said:
“It’s encouraging to see how quickly students can apply technical skills to real investment problems. The strongest teams combined solid analysis with a clear understanding of how AI can be used responsibly in practice. This reflects where the investment industry is heading, with professionals expected to use new technologies effectively while continuing to apply sound human judgement.”
Nick Bartlett, CFA, ASIP, Chief Executive, CFA Society UK, adds:
“It’s been great to see students from across the UK take part. Opportunities like this help people build practical skills, make connections in the industry, and gain confidence in applying what they’ve learned. Bridging that gap between education and industry is increasingly important, as the skills needed for a career in the investment profession continue to evolve.”
The winning team members from Lancaster University are Connor O’Keeffe, Ebro Dossajee, and Bradley McCann.
Connor O’Keeffe, speaking on behalf of the winning team, said:
“The CFA Institute AI Investment Challenge gave us the chance to work on a real investment problem and engage directly with industry professionals. Presenting our work and receiving feedback has been invaluable, and we’re proud to bring first place back to Lancaster. It’s been a great experience for the whole team.”
Steve Young, Professor of Accounting at Lancaster University Management School, commented:
“The AI Investment Challenge is a fabulous initiative from CFA Institute that helps students formulate and execute artificial intelligence solutions to assist investment analysis professionals, and we are thrilled that Brad, Connor, and Ebro have been able to make such a positive contribution to the competition. Congratulations to all teams involved and thank you to CFA Institute and CFA Society UK for organising such an inspiring event.”
The competition was judged on practical relevance, quality of analysis, innovation in the use of AI, responsible use of technology, and clarity of presentation. The final was judged by a panel of six investment industry professionals based in the UK.
University representatives and students can opt-in to be the first to hear about future AI Investment Challenge events via Information Waitlist.
Notes to Editors
The AI Investment Challenge was held on Thursday 30 April 2026 in London.
First, second, and third-place teams received prizes of £2,000, £1,200, and £800, respectively. In addition, all finalist team members received a CFA Program Access Scholarship and the opportunity to showcase their work on CFA Institute platforms.
More information about the AI Investment Challenge is available here: CFA Institute AI Investment Challenge.
About CFA Institute
As the global association of investment professionals, CFA Institute sets the standard for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors’ interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across 160 markets, CFA Institute has 8 offices and 157 local societies. Find us at www.cfainstitute.org or follow us on LinkedIn, and subscribe on YouTube.
View original content:https://www.prnewswire.co.uk/news-releases/uk-students-recognised-in-national-ai-investment-challenge-302762959.html
Kuaishou Technology to Report 2026 First Quarter Financial Results on May 27, 2026
Mox Breaks Even in Q1 2026 amid Strengthening Profitability Outlook, Launches Mox+ Wealth Solutions and Mox Invest Upgrades
UK Students Recognised in National AI Investment Challenge
Send Rakhi to UK swiftly with UK Gifts Portal
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
New Gooseneck Omni Antennas Offer Enhanced Signals in a Durable Package
Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Technology5 days agoRoyal Visit to Front Royal: Randolph-Macon Academy Shines at Block Party for King Charles III and Queen Camilla
-
Technology5 days agoManufacturing PMI® at 52.7%; April 2026 ISM® Manufacturing PMI® Report
-
Coin Market4 days ago
CLARITY Act stablecoin yield rules finalised: ‘Go time’ for crypto bill
-
Coin Market4 days ago
Bitcoin rally extends, yet BTC options price only 25% chance of $84K in May
-
Technology4 days agoFirst Online Conversations Are Changing in 2026, According to New Secretmeet Research
-
Coin Market5 days ago
SBI eyes Bitbank deal as Japan’s crypto exchange market consolidates
-
Coin Market5 days agoThree Bitcoin data points suggest a rally to $80K is imminent
-
Technology4 days ago2026 Brockton High School Film Festival
