NaaS Technology ADR Stock Price, News & Analysis

NaaS Technology Inc. (NASDAQ: NAAS) has partnered with Beijing HyperStrong Technology to form a joint venture called NewLink Hyper Technology. This collaboration aims to enhance energy storage solutions in China, aligning with the nation's dual carbon goals. As the demand for energy storage grows due to the rapid expansion of electric vehicles and renewable energy sources, the two companies will leverage their strengths in technology and market presence. By 2025, China's energy storage facilities are targeted to exceed 30GW of capacity, highlighting significant growth potential in this sector.

Connectbase has appointed Jezzibell Gilmore as its first Chief Commercial Officer, bringing 25 years of industry experience to enhance sales and marketing strategies. Gilmore, a co-founder of PacketFabric, aims to drive growth and empower users in the infrastructure industry. Under her leadership, Connectbase seeks to modernize connectivity services and enhance its platform capabilities after raising $21 million in Series C funding. CEO Ben Edmond expressed excitement over Gilmore's addition, highlighting her reputation and experience in the NaaS space. This appointment follows other key hires, including Barbara Curran as Chief People Officer and Rob Carter as COO.

Megaport Limited (ASX: MP1) has been designated an AWS Outposts Ready Partner by Amazon Web Services (AWS), enabling clients to securely connect Outposts racks to AWS Direct Connect locations. This recognition highlights Megaport's commitment to providing reliable, private connectivity solutions via its global Software Defined Network.

The AWS Service Ready designation indicates that Megaport’s solutions have met AWS's technical validation criteria, ensuring high performance for applications requiring low latency. Customers can enjoy benefits such as network resilience and a broader selection of data centre operators.

FusionLayer Inc. launched the FusionLayer Infinity 3 series, enhancing the Network-as-a-Service (NaaS) capabilities to adapt to edge cloud use cases. The introduction comes amid telecoms facing disappointing revenue growth from 5G investments, prompting a shift towards innovative technologies like Private 5G and virtual Radio Access Networks (vRAN). These advancements aim to create new revenue streams through low-latency connectivity. The Infinity 3 series is already operational in select telecoms across Asia Pacific and Europe, with broader availability set for January 24, 2023.

Aruba, a Hewlett Packard Enterprise company, shared insights at NRF 2023 on how retailers will adopt technology to enhance customer experiences in the coming year. As consumer preferences shift, retailers must create personalized shopping experiences while managing operational costs. The report highlights five key trends:

• Immersive in-store experiences via AR/VR.
• Diverse delivery options, including hybrid models.
• Smarter in-store technologies for efficiency.
• Intelligent inventory management using predictive tech.
• Livestreaming to connect with customers.

Retailers are encouraged to consider Network-as-a-Service (NaaS) as an agile solution to support these innovations.

HONOLULU--(BUSINESS WIRE)--Qrypt and Megaport have launched quantum-secure data transmission methods utilizing Qrypt's key generation technology through Megaport's NaaS platform. This technological advancement protects data shared across global data centers, including AWS, Azure, and Google Cloud, with quantum-secure cryptography. The release highlights concerns over quantum computing's potential to decrypt current encryption methods, emphasizing the need for enhanced security measures. Qrypt's solution eliminates traditional key exchanges, offering real-time, independently generated encryption keys, mitigating risks from future quantum attacks.

PacketFabric and Unitas Global have announced their merger, pending regulatory approval, to form a leading entity in Network as a Service (NaaS). This strategic move aims to innovate the business internet architecture, transitioning from traditional systems to a software-defined and programmable model. The merger is backed by Digital Alpha Advisors, emphasizing significant market demand for such solutions. Combined, their platforms will enhance real-time automation and connectivity, addressing enterprise needs across a global network of over 50 million locations.

Aruba, a subsidiary of Hewlett Packard Enterprise (NYSE: HPE), has again been named a Leader in the Gartner Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure. The company excelled in all five Use Cases of Gartner's Critical Capabilities report, especially in Remote Branch Office and WLAN-Only Refresh/New Build categories. Recognized for its AI-powered Aruba ESP, the company offers solutions like cloud-native management, Wi-Fi 6 access points, and Zero Trust security. This marks the 17th recognition for Aruba, reflecting strong market position and innovative capabilities.

NaaS (NASDAQ: NAAS), a leading electric vehicle charging service provider in China, appointed Alex Wu as CFO and President effective January 15, 2023. Wu, previously with Bain Capital, brings extensive experience in finance and management, aiming to enhance NaaS's strategic development in the growing new energy vehicle market. As of September 30, 2022, NaaS served 1,282 operators and facilitated a gross transaction value of CNY 1.861 billion, marking significant year-over-year growth. The company is poised for further innovation in new power systems and intelligent operations in 2023.