Full speed ahead towards digital seafaring

Over the next few years, the digitization set the route for innovations in the shipping industry. – That”s where KVM technology comes into play.

Full speed ahead towards digital seafaring

Over the next few years, the digitization of vessels and fleets set the route for innovations in the shipping industry. This results in an ever-growing use of computer systems. But how can these newly required systems be stored and operated? And how can you provide maximum protection for these systems? That”s where KVM technology comes into play.

KVM systems have long been considered as standard equipment in classical IT applications. Now that more and more computer systems find their way into maritime applications, manufacturers G&D have devoted their developments to the specific requirements of this industry.

The devices of the German company have a reputation for being extremely robust and, thanks to their many features, ideal to be applied in typical control rooms. For several years, specific attention has been paid to the requirements in the maritime field. In addition to tests for the compliance with IEC 60945, this includes some of the new features that will be on display at this year’s SMM.

KVM systems are based on a simple principle: The units take the signals from the computer interfaces that are actually used to connect keyboard, mouse and display. From here, they distribute and amplify these signals to allow users to flexibly access their computers from everywhere.

Thus, computers can be stored in a central, access-protected equipment room, which leaves the crew more space on the bridge or in the control room. But users get even more advantages to operate these systems. For example, multiple computers can be operated from one workplace. Here, it is possible to either access only one system or a number of computers distributed on multiple displays or via MultiViewers. The special feature: It requires only one operating set to ensure perfect control.

For SMM, the IT specialist will present various novelties. From further improved CrossDisplay-Switching for intuitive switching by mouse or trackball, i.e. without the explicit manual operation of the KVM system, to scenario switching – G&D have clearly put their focus on optimal operation. The latter function – scenario switching – allows users to store the switching states for different tasks. With one single command, they can now access the computer set for recurrent or quickly emerging tasks, for example, at harbours, at sea or in an emergency at man-overboard manoeuvres. Support for touch functions and DDC-CI, which lets you adjust the brightness of monitors of some systems to external conditions, further complete the systems.

The applications for KVM systems and their functions are as varied as the application fields of seafaring itself. Starting with the optimum implementation of ECDIS over special user processes on workboats up to comfort aspects on super yachts. Here, the manufacturer especially had the various on- and offshore control rooms in mind where efficient operation is an absolute must.

Redundancy concepts for KVM installations are essential since they guarantee maximum reliability for the IT equipment. At stand B6.417, the KVM experts from G&D will demonstrate how such installations can look like based on individual requirements and examples from their live installations.

More information:
Guntermann & Drunck GmbH
Dortmunder Straße 4a
D-57234 Wilnsdorf
Phone: +49 (0) 27 39 / 89 01 – 100
Fax: +49 (0) 27 39 / 89 01 – 120
http://www.gdsys.de/en
E-mail: sales@gdsys.de

Die Guntermann & Drunck GmbH ist ein führender deutscher Hersteller digitaler und analoger High-End-KVM-Produkte für Kontrollräume aus der Flugsicherung, dem Broadcast, der Industrieprozesskontrolle sowie für maritime Anwendungen. Mit einem breiten Spektrum an KVM-Extendern, -Switches und -Matrixswitches bietet G&D seinen Anwendern das wohl größte verfügbare KVM-Produktportfolio auf dem Markt, das miteinander kompatibel und untereinander kombinierbar ist.

KVM-Produkte von G&D optimieren den IT-Einsatz und verbessern die Arbeitsbedingungen für Mensch und Maschine. Sie sind die stillen Unterstützer im Hintergrund, leistungsstark und jederzeit einsatzbereit. Durch kurze Kommunikationswege und die Bündelung aller Kernkompetenzen wie Entwicklung, Produktmanagment, Vertrieb, Marketing und Produktion unter einem Dach, begleitet G&D seine Kunden von der technischen Erstberatung, über die anwendungsspezifische Unterstützung vor Ort bis hin zum After-Sales-Support aus einer Hand.

Unabhängig davon, wie unterschiedlich die Rahmenbedingungen einzelner KVM-Installationen sind, eines haben sie gemeinsam: den Bedarf an robusten, zuverlässigen, benutzerfreundlichen und intuitiv zu bedienenden KVM-Produkten zu sichern. Und das mit der G&D-typischen Qualität, die zu Recht das Siegel “Made in Germany” trägt.

Guntermann & Drunck GmbH – leading the way in digital KVM

Weitere Informationen:
Guntermann & Drunck GmbH
Dortmunder Straße 4a
D-57234 Wilnsdorf

Tel.: +49 (0) 27 39 / 89 01 – 100
Fax: +49 (0) 27 39 / 89 01 – 120
http://www.gdsys.de
E-Mail: sales@gdsys.de

Kontakt
Guntermann & Drunck GmbH
Jochen Bauer
Dortmunder Straße 4a
57234 Wilnsdorf
004927398901-100
004927398901-120
sales@gdsys.de
http://www.gdsys.de

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Tax investigators trawl through Panama Papers – Submitting a voluntary declaration

Tax investigators trawl through Panama Papers – Submitting a voluntary declaration

Tax investigators trawl through Panama Papers - Submitting a voluntary declaration

http://www.grprainer.com/en/legal-advice/tax-law/voluntary-disclosure.html
Tax investigators have apparently been sifting through the Panama Papers in the hope of rumbling suspected tax dodgers. There is still time to submit a voluntary declaration that can lead to immunity.

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: The Süddeutsche Zeitung reports that tax investigators want there to be better connections between countries for the purposes of evaluating the information contained within the Panama Papers and getting wise to suspected tax cheats. Accordingly, the investigators hope to obtain information not only concerning tax evaders but also those assisting them.

In order to avoid criminal prosecution and a potential conviction for tax evasion, those concerned are still able to submit a voluntary declaration that can lead to immunity. However, this ought to happen soon, because as soon as the tax evasion has been discovered by the authorities voluntary disclosure is no longer an option. Anybody who still has untaxed earnings deposited in foreign accounts should increasingly expect to be detected as the automatic exchange of financial information is set to commence in the coming year, with former tax havens such as Switzerland and Austria, and now also Panama, wishing to participate. Time is thus slowly running out for voluntary disclosure (http://www.grprainer.com/en/legal-advice/tax-law/voluntary-disclosure.html).

Having said all of that, it is important to note that a voluntary declaration needs not only to be submitted on time but also complete and error free for it to be capable of leading to immunity. To this end, one needs to come completely clean with the tax office and disclose, among other things, any and all documents from the past ten years that may be relevant from a tax perspective. For a layperson, it is almost impossible to fulfil these strict requirements that have been set by the legislature. That is why a voluntary declaration ought not to be prepared on one”s own or with the help of standard templates, it generally not being possible to account for complex events and processes in this way. The result of this is that mistakes are practically inevitable, which leads to voluntary disclosure failing and then there still remains the risk of a conviction for tax evasion.

To prevent this from happening, lawyers and tax advisors who are competent in the field of tax law ought to be consulted. They can provide a detailed assessment of the circumstances of each individual case and know what information and documents need to be included in the voluntary declaration for it to be able to lead to immunity.

http://www.grprainer.com/en/legal-advice/tax-law/voluntary-disclosure.html

GRP Rainer LLP is an international law firm with lawyers and tax advisers specializing in business law, commercial law and company law and tax law. The attorneys counsel international commercial and industrial companies and corporations, as well as associations, mid-sized businesses, institutional investors and private individuals worldwide from offices in Cologne, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Germany and London UK.

Kontakt
GRP Rainer LLP
Michael Rainer
Hohenzollernring 21
50672 Köln
+492212722750
press@grprainer.com
http://www.grprainer.com/en

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Prototyping: Ready for the Series

transfluid creates expanded prototyping options for new pipe forming geometries

Prototyping: Ready for the Series
Unlimited opportunities of pipe forming, axial and rolling. (Source: transfluid)

Pipe forming technology is a complex matter – with ever smaller tolerances for advanced new projects from the different industries. These companies with their fresh ideas are, of course united by the wish of transferring the new product to serial production safely and reliably at once after development. This also applies to high-tech machine constructor transfluid (http://www.tube-processing-machines.com/homepage.html), which uses its pipe processing technologies for research in its internal prototyping department. This is not only about sampling of its own new developments, e.g. in the area of tool technology. Companies without machinery of their own can have their pilot series analysed and precisely improved at transfluid.

“Support in this area is in higher demand than expected. Therefore, we have expanded our research and prototyping department once again just recently,” says Stefanie Flaeper, managing director at transfluid. “We can perform diverse tests on components and tools with pipe diameters up to 65 mm here.” A CNC-controlled type SRM rolling forming machine and two axial forming machines are used for this with a forming power of up to 25 tons. The entire process chain can be implemented with an additional CNC-controlled pipe bending machine and an orbital pipe separation system – to ensure that requirements, e.g. regarding burr formation, can be met.

Tests and documentation for light-weight construction components and high-strength materials as well
For specific customer projects, the experts in the department are testing new forming geometries and tool concepts for serial maturity and quality. The transfluid team relies, among others, on a tactile and visual measuring system for components and tools. The interim results up to the certain result are documented reliably.

The transfluid experts have special experience as a technology leader and initial developer of incremental pipe forming, which permits partial rotation-symmetrical forming of pipes made of high- and very-high-strength materials. In particular review and assessment with light-weight components and high-strength materials is possible as well. Depending on geometry, this can even be done tool-independently. Thus, the company can offer the pilot series or prototype production particularly cost-optimised.

DOWNLOAD PRESS INFORMATION AND IMAGES (http://bit.ly/press-information-prototyping-OPR)

transfluid Maschinenbau GmbH – the solution for tubes

transfluid is sought after worldwide as a partner for manufacturing tube bending machines and tube processing machines. Since 1988 transfluid has been further developing its technologies for tube machining, so that it can provide customer-oriented, tailor-made solutions – for plant and machine construction, the automotive and energy industries,
shipbuilding and medical device manufacturing.

transfluid’s product portfolio offers perfect solutions in five different machine categories, that meet all the requirements in tube processing. t bend stands for a wide range of tube bending machines, which fulfil the highest demands in terms of industrial applications. The tube forming machines in the t form range offer the perfect tube shaping solutions. Tube forming is important as an individual or supplementary process, in order to obtain optimally tailored tubes. Automation systems are offered as fully developed concepts for bending and forming technology, under t motion. t cut covers the field of tube cutting machines. Here, transfluid is able to provide a range of different systems, for example for chipless orbital cutting and special knive separation processes. The category t clean encompasses tube cleaning machines. These ensure the cleanliness of workpieces and tubes. Additionally, with the new tu go range, transfluid offers a standardised portfolio of machinery, which is available from stock for immediate delivery. transfluid offers the powerful software t project for rapid and reliable tube processing. It can be used as an effective online solution for bending machines and the majority of CAD systems.

www.tube-processing-machines.com

Firmenkontakt
transfluid Maschinenbau GmbH
Stefanie Flaeper
Hünegräben 20-22
57392 Schmallenberg
+49 2972 97 15 – 0
+49 2972 97 15 – 11
info@transfluid.de
http://www.tube-processing-machines.com

Pressekontakt
PSV
Stefan Köhler
Schlachthausstraße 10
57072 Siegen
+49 (0) 271 7700160
s.koehler@psv-marketing.de
http://www.psv-marketing.de

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Eclipse OSBP project by Compex approved, has entered incubation phase

Eclipse OSBP project by Compex approved, has entered incubation phase
Eclipse project in incubation (Source: @Copyright Eclipse Foundation, Inc.)

Eclipse Open Standard Business Platform (OSBP), the new project submitted by the Compex Systemhaus GmbH, has now been approved by the Eclipse Foundation. OSBP is a model-based software factory, composed of extensible frameworks, tools and runtime environments for building, deploying and managing business applications across their lifecycles.

The project has been supported by several universities and technology adopters from diverse industries. With Ed Merks and Eike Stepper two of the most influential Eclipse technology and modeling experts volunteered as project mentors.

“With OSBP project we want to establish a platform for developers, architects and engineers for creating, designing or developing model-driven business applications” says Ralf Mollik, project co-lead and director of development at Compex Systemhaus GmbH.

OSBP has a strong relationship with other Eclipse projects, delivering both the technological basis (IDE, modeling, OSGi), as well as the application functionality (application server, internationalization service, conversions etc.).

In addition to the 10+ Eclipse projects utilized, such as EMF, Xtext, and Birt, a whole set of other open source frameworks has been integrated giving access to the power of specialized frameworks, covering practically all different aspects of engineering business applications: presentation, business logic, security, and data management tasks.

The next project step will be an IP (intellectual property) check by the Eclipse Foundation, which aims to reduce potential legal risks for the users and committers. Thereafter the source code of the OSBP software factory will be transferred to Eclipse and will build the base for joint future development.

More details:
OSBP project website (https://projects.eclipse.org/projects/technology.osbp)
OSBP project proposal (https://projects.eclipse.org/proposals/eclipse-open-standard-business-platform-osbp)

Compex Systemhaus GmbH, Germany was set up in 1985 and since then it has always focused on designing business process oriented solutions, which enable organizations to model their business processes such as MDM, CRM, logistics and supply-chain, multi-channel sales and purchase, financials and many other fields, following the motto “everything is process”. Under the management of Christophe Loetz, its founder and managing partner, it has been able to expand its position in Germany and in several European countries over the last years.

Firmenkontakt
Compex Systemhaus GmbH
Patricius Krause
Hebelstr. 22
69115 Heidelberg
0622153810
sales@compex-commerce.com
http://www.compex-commerce.com

Pressekontakt
Compex Systemhaus GmbH
Genia Holsing
Hebelstr. 22
69115 Heidelberg
0622153810
marketing@compex-commerce.com
http://www.compex-commerce.com

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Last legs for get-out-of-jail-free card – Loan withdrawal possible until June 21, 2016

Last legs for get-out-of-jail-free card – Loan withdrawal possible until June 21, 2016

Last legs for get-out-of-jail-free card - Loan withdrawal possible until June 21, 2016

http://www.grprainer.com/en/legal-advice/banking-law.html
Anyone who withdraws from a real estate loan concluded between 2002 and 2010 stands to potentially benefit from low interest rates and save a lot of money. Having said that, withdrawal only remains an option until June 21, 2016.

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: This get-out-of-jail-free card is now on its last legs. Initially, those who had not been properly informed by their bank or savings bank about their withdrawal options with respect to real estate loans taken out between 2002 and 2010 enjoyed a perpetual right of withdrawal. However, this so-called “ewiges Widerrufsrecht” (perpetual right of withdrawal) is now set to come to an end on June 21, 2016 due to a change in the law. Only those who have withdrawn from their real estate loans by then will be able to benefit from the ongoing low interest rates and save a lot of money by refinancing.

In order to withdraw from a real estate loan, it is necessary for the financial institution in question to have made use of flawed guidance regarding the right of withdrawal. If this deviates even marginally in presentation or substance from the applicable standard guidance, withdrawal is often a possibility. According to research conducted by the Verbraucherzentrale Hamburg (Hamburg Consumer Advice Centre), around 80 per cent of the guidance on the right of withdrawal accompanying real estate loans concluded between November 2, 2002 and June 10, 2010 does not comply with the relevant legal requirements. In most cases, it is possible to withdraw. One typical indication of flawed guidance on the right of withdrawal is ambiguous wording concerning the commencement of the withdrawal period, e.g. through the use of the word “frühestens” (at the earliest). Other deviations in presentation and substance from the respective standard guidance can also give rise to a situation whereby the withdrawal period never commenced and it thus remains possible even years after the loans were taken out to withdraw from them. However, it is extremely difficult for a layperson to tell whether guidance on the right of withdrawal is flawed. Lawyers who are competent in the field of banking law (http://www.grprainer.com/en/legal-advice/banking-law.html) can establish whether the conditions for withdrawal have been met.

If that is the case then consumers should take action, as withdrawal is only possible for approximately another two months. Consumers can still save a lot of money by invoking this get-out-of-jail-free card in its last stretch.

http://www.grprainer.com/en/legal-advice/banking-law.html

GRP Rainer LLP is an international law firm with lawyers and tax advisers specializing in business law, commercial law and company law and tax law. The attorneys counsel international commercial and industrial companies and corporations, as well as associations, mid-sized businesses, institutional investors and private individuals worldwide from offices in Cologne, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Germany and London UK.

Kontakt
GRP Rainer LLP
Michael Rainer
Hohenzollernring 21
50672 Köln
+492212722750
press@grprainer.com
http://www.grprainer.com/en

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Withdrawal worthwhile both in the case of outstanding and repaid loans

Withdrawal worthwhile both in the case of outstanding and repaid loans

Withdrawal worthwhile both in the case of outstanding and repaid loans

http://www.grprainer.com/en/legal-advice/banking-law.html
Withdrawal can prove to be an extremely attractive proposition from a financial perspective, even for consumers whose loans have already been paid off. That being said, withdrawal should certainly be carried out before June 21, 2016.

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: Until June 21, 2016, it is still possible to withdraw from real estate loans that were concluded between 2002 and 2010, provided that the bank or savings bank in question made use of flawed guidance pertaining to the right of withdrawal.

If that is the case, then it is possible to withdraw regardless of whether the loan still has to be repaid or has already been paid off. Even in the case of a loan that has already been repaid, withdrawal can still result in large savings for consumers because of the early repayment penalty demanded by banks in order for a loan to be prematurely paid off. Consumers can have this refunded in the event of a successful withdrawal. But that is not all: it is also possible to demand compensation for use with respect to the interest paid. The compensation for use for paid interest is typically 2.5 per cent above the base rate. In the end, it is possible for the consumer”s savings to amount to a five-figure sum following a successful withdrawal. Having said that, the actual sum always depends in part on the loan amount.

Irrespective of whether the loan has already been repaid or is still to be paid off, consumers can turn to lawyers who are competent in the field of banking law (http://www.grprainer.com/en/legal-advice/banking-law.html). They can review whether the conditions for successfully withdrawing from a loan have been met. Generally speaking, this is in fact the case if the bank used flawed guidance on the right of withdrawal with regard to real estate loans concluded between 2002 and 2010. According to research conducted by the Verbraucherzentrale Hamburg (Hamburg Consumer Advice Centre), this applies to roughly 80 per cent of the real estate loans concluded within this timeframe.

In most cases, it remains possible to withdraw from these loans even years after they were taken out, as the withdrawal period never commenced and consequently consumers initially had a perpetual right of withdrawal. However, the legislature has since significantly curtailed this right. Accordingly, one will no longer be able to withdraw from legacy contracts from June 21, 2016.

http://www.grprainer.com/en/legal-advice/banking-law.html

GRP Rainer LLP is an international law firm with lawyers and tax advisers specializing in business law, commercial law and company law and tax law. The attorneys counsel international commercial and industrial companies and corporations, as well as associations, mid-sized businesses, institutional investors and private individuals worldwide from offices in Cologne, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Germany and London UK.

Kontakt
GRP Rainer LLP
Michael Rainer
Hohenzollernring 21
50672 Köln
+492212722750
press@grprainer.com
http://www.grprainer.com/en

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Bundeskartellamt imposes fines against cartel in sanitary sector

Bundeskartellamt imposes fines against cartel in sanitary sector

Bundeskartellamt imposes fines against cartel in sanitary sector

http://www.grprainer.com/en/legal-advice/antitrust-law.html
At the end of March, the Bundeskartellamt, Germany”s Federal Cartel Office, imposed fines amounting to around 21 million euros against the so-called “Sanitär-Kartell” (cartel in the sanitary sector) on account of anti-competitive agreements.

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: Ten cartel members must pay fines totalling around 21 million euros for concluding anti-competitive agreements. According to information provided by the Bundeskartellamt, the companies had been coordinating, among other things, gross prices, purchasing conditions, discounts and other current developments. As a result, a clear alignment of prices emerged and competition was severely restricted between the companies.

What stands out in this case is that technical developments also need to be taken into consideration in antitrust law (http://www.grprainer.com/en/legal-advice/antitrust-law.html), as the agreements between the companies date back to as early as the 1970s and were not initially the subject of complaints from the competition authorities. This was partly due to the fact that the technical possibilities of companies at that time were considerably more limited than is the case today. The Bundeskartellamt noted that it was not possible for small and medium-sized companies back then to produce their own price calculations for a large number of products and print them in catalogues. However, this has changed over time. It therefore went on to say that this technical justification is obsolete and thus no longer applies. Consequently, the companies in question would have been obligated to reassess and cease their anti-competitive conduct.

The fact that all of the companies involved cooperated in uncovering the cartel was viewed as a mitigating factor when calculating the fines.

Violations of antitrust law may be met with tough sanctions. In addition to fines, companies can also be faced with damages claims or criminal penalties. Infringements of antitrust or competition law relate not only to illegal agreements concerning prices and quality but also sometimes seemingly trivial clauses. Lawyers who are competent in the field of antitrust law can provide preventative advice, review agreements with a view to possible violations of competition law and find targeted solutions together with companies. This is particularly relevant in cases involving corporate transactions. In this way, it is possible to prevent potentially time-consuming and costly legal disputes at a later date.

http://www.grprainer.com/en/legal-advice/antitrust-law.html

GRP Rainer LLP is an international law firm with lawyers and tax advisers specializing in business law, commercial law and company law and tax law. The attorneys counsel international commercial and industrial companies and corporations, as well as associations, mid-sized businesses, institutional investors and private individuals worldwide from offices in Cologne, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Germany and London UK.

Kontakt
GRP Rainer LLP
Michael Rainer
Hohenzollernring 21
50672 Köln
+492212722750
press@grprainer.com
http://www.grprainer.com/en

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Big Data startup Knoyd is launching a data science bootcamp

Big Data startup Knoyd is launching a data science bootcamp disrupting the training and hiring of data scientists

Big Data startup Knoyd aims to disrupt the process of training and hiring data scientists by launching BaseCamp, an innovative data science bootcamp. BaseCamp will allow prospective data scientists to learn and train on real companies” problems and will prepare them for an exciting data science career.

The first cohort of 8-10 participants will start in Vienna, on 9th of January 2017. During eight full-time weeks, participants will get well versed in all the necessary skills to become a valuable part of any data science team: programming (R, Python, or Spark), data engineering (databases, APIs), machine learning, and business aspects of data science. They will also be able to show their skills to the potential future employer, while working on their project. BaseCamp will be receiving applications for the first batch until the 31st of August 2016, then the evaluation process will begin.

Being located in Vienna, Austria, it is the first program of its kind in Central and Eastern Europe (CEE), providing easier access to data science for both the individuals and the companies there. “Being originally from Slovakia, we have experienced first hand, how difficult it can be to make it into the field of data science from our region. I have also experienced how difficult and expensive it is to find a self-sufficient junior data scientist for your company. These things should really not be that difficult.” Lukas Toma, CEO. The charm of Vienna, its rich history, culture, and vibrant business environment promise a great cultural experience on top.

Market

Due to the rapid increase in data volumes the offer of data science jobs is continually growing. According to IBM, 2.5 quintillion (1018) bytes of data are created daily, of which 90% were produced in the last two years alone. By 2018, the demand for data scientists is predicted to exceed supply by about 50 to 60% (McKinsey study). Techcrunch declares that all current educational programs, including online platforms, existing university programs, and bootcamps combined will not be able to supply enough data scientists.

Vision

The market provides a huge opportunity and that is why Vienna is only the beginning. The team”s vision is that after several cohorts, when BaseCamp is well established in Vienna, they will launch in other cities across the globe. “The next batch may start in Asia – or why not in South America? Sooner or later data scientists will be needed everywhere where business is done. But for the moment, our primary focus stays in Vienna and on the first batch.” says Juraj Kapasny, CSO.

Competition

Although there are quite a few data science bootcamps in the US, the European market lags behind. The closest data science training programs are in London, Dublin, Berlin, and Turin. East of Berlin, there are none yet. And the current data science training programs typically insist on a past data science or coding experience. However, Lukas and Juraj realized that previous knowledge and experience are not the most essential preconditions for becoming a data scientist. They in fact believe that almost anyone can become one, as long as they have the right mix of analytical thinking, domain expertise, ability to pose the right questions, and of course a willingness to learn.

Moreover, the participants of other data science bootcamps mostly learn on “toy” projects, which are often far from emulating the real world data science challenges. “We want our participants to learn directly on the problems of real companies, including deadlines, presentations, and discussing business requirements. This is the only way to effectively learn how to do data science in a business setting.” says Juraj.

About Knoyd

Knoyd was founded in Slovakia, in 2015, by Lukas Toma and Juraj Kapasny. They provide customized and affordable data science solutions for businesses of any size and help them leverage their data and create the competitive edge. Before founding their own consulting company, Lukas was among the first data scientists in the German startup Kreditech and has later founded the data science department at the Austrian startup Ulmon (CityMaps2Go). Juraj, on the other hand, was a member ofthe data science department at Teradata Austria, where he gained hands-on experience from projects for big corporations such as Vodafone and Saudi Telecom. At the moment, they are working on challenging projects for clients such as Finaccel, Localization Guru, Kreditech, etc.

“I am fond of BaseCamp because in my experience “what you know” (models, methods, theories) is less important than “how you know it”, and what differentiates people is the ability to thrive off the beaten track. When you work at the forefront, on real and pressing issues, you do science and invention the old way – one (big) part a good foundation as an anchor, one part a vision of what’s possible to make you stubborn, and one part intuition for welding together disparate knowledge into a solution. Having previously worked with Knoyd guys personally, I am absolutely confident they are the right people to guide people there – and there’s precious few guides after.” says Liuben Siarov, SVP Data Science – Risk at Kreditech Holding GmbH.

BaseCamp is currently looking for partners. To become a BaseCamp partner, companies can choose from three basic options. Choosing the first option, the company will have their data-related problem solved by a BaseCamp participant. In case the company is satisfied with the solution, nothing stands in a way of hiring the person that delivered it. Second option is to pre-select a preferred candidate from the pool of applicants and provide them with a scholarship in exchange for future work commitment. The last option is to have a current employee trained into a data science rock star. The main advantage of all three scenarios is a premium access to data science talent. Besides, after graduating from BaseCamp, the fresh data scientists will already have all the necessary skills and insights into company”s business. They can immediately start working for the company, without the need for costly and time-consuming on-boarding.

Customized data science solutions for businesses of any size.

Kontakt
Knoyd
Barbora Sutarikova
Skolska 313
01313 Rajecke Teplice
+421908236341
barbora@knoyd.com
http://www.knoyd.com

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Colfax to exhibit large seawater pump and turnkey control system at SMM

Colfax to exhibit large seawater pump and turnkey control system at SMM
ALLMARINE MI-D achieves capacities of up to 3.900 m3/h and delivery heads of up to 50 m.

(Radolfzell – 7/18/2016) Colfax Fluid Handling will exhibit two advanced developments for Marine applications at SMM in Hamburg (Hall A2, Booth 219). These are the MI-D centrifugal pump with a capacity of up to 3.900 m3/h and delivery head of up to 50 m and the turnkey version of the CM-1000 electronic pump controller for use in control cabinets. The MI-D pumps seawater and fresh water for cooling and ballast systems. The CM-1000 for cooling water pumps can be pre-installed in new ships or installed while underway and brought into service without downtime.

The six new sizes of the “Allmarine MI-D” series cover the needs of ships ranging from about 60″ dw t to more than 200″ dw t. Ship owners receive numerous benefits from the patented characteristics of the double-suction, symmetrical design with just one shaft seal, no internal bearings, and corrosion resistant materials. “The MI-D is probably the lightest and smallest water pump for large flow rates yet it also has an outstanding service life and extraordinary efficiency in Marine applications,” according to Christian Martin, Director of Product Management. Efficiency is greater than 80 percent and the pumps are maintenance free between service intervals. Their NPSH values of below 4 m make these pumps ideal for ballast systems. Four-pole motors reduce space needs and procurement costs compared to six-pole motors.

CM-1000 controls the flow of cooling seawater pumps according to the temperature of the fresh water and current cooling requirements, thereby saving considerable amounts of electricity. Condition monitoring keeps track of leaks, vibrations, and bearing temperature, so downtime is reduced. The new turnkey version provides the full electronics as a “cabinet solution”, including frequency converters. These modules need only to be wired into the ship. When the ship is at a standstill or slow steaming in a cold environment, CM-1000 now shuts down the pumps completely (“All-off”) and switches them back on automatically as required, which also greatly reduces energy consumption. Finally, “Cooler Clogging Supervision” monitors cooler status and supports the crew during planning and servicing of the cooling system.

Colfax Corporation – Colfax Corporation is a diversified global manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under the Howden, Colfax Fluid Handling and ESAB brands. Colfax believes that its brands are among the most highly recognized in each of the markets that it serves. Colfax is traded on the NYSE under the ticker “CFX.” Additional information about Colfax is available at www.colfaxcorp.com.
Colfax Fluid Handling – Colfax Fluid Handling, a business of Colfax Corporation (NYSE: CFX), is a global leader in critical fluid-handling and transfer solutions for the commercial marine, defense, oil & gas, power and industry and total lubrication management markets. With a broad portfolio of technologies, products, systems and services and a deep base of application and engineering expertise, Colfax specialists work with customers to understand and focus on their toughest business challenges. As a result, Colfax can find and deliver the best customer solutions that provide the highest levels of reliability, efficiency and longevity with the lowest total cost of ownership. Colfax Fluid Handling encompasses the trusted product brands Allweiler®, COT-PURITECHSM, Houttuin™, Imo®, LSCSM, Rosscor®, Tushaco®, and Warren®.
NOTICE ON FORWARD-LOOKING STATEMENTS – This press release may contain forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax”s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on Colfax”s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Colfax”s results to differ materially from current expectations include, but are not limited to factors detailed in Colfax”s reports filed with the U.S. Securities and Exchange Commission as well as its Annual Report on Form 10-K under the caption “Risk Factors”. In addition, these statements are based on a number of assumptions that are subject to change. This press release speaks only as of this date. Colfax disclaims any duty to update the information herein. The term “Colfax” in reference to the activities described in this press release may mean one or more of Colfax”s global operating subsidiaries and/or their internal business divisions and does not necessarily indicate activities engaged in by Colfax Corporation.

Firmenkontakt
Allweiler GmbH
Christian Martin
Allweilerstr. 1
78315 Radolfzell
07732 86 440
07732 86 99 440
christian.martin@colfaxfluidhandling.com
http://www.colfaxcorp.com/commercial-marine

Pressekontakt
Tenncom AG
Dr. Kurt Christian Tennstädt
Hohentwielstr. 4a
78315 Radolfzell
07732 – 953930
07732 – 953939
info@tenncom.de

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OLG Koblenz: Misleading advertising concerning pharmaceuticals

OLG Koblenz: Misleading advertising concerning pharmaceuticals

OLG Koblenz: Misleading advertising concerning pharmaceuticals

http://www.grprainer.com/en/legal-advice/intellectual-property-law-and-trademark-law/advertising.html
Advertising (http://www.grprainer.com/en/legal-advice/intellectual-property-law-and-trademark-law/advertising.html) for pharmaceuticals is impermissible if the content of a promotional statement is not based on sound scientific evidence. That was the verdict of the Oberlandesgericht Koblenz (OLG) [Higher Regional Court of Koblenz].

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: In its ruling of January 27, 2016, the OLG Koblenz held that advertising for pharmaceutical products is impermissible if the content of a promotional statement is not based on solid scientific findings (9 U 895/15).

The case in question concerned a homeopathic medicinal product that had been approved as a treatment for “Entzündungen des Hals-Nasen-Rachenraums und der Nasennebenhöhlen” (inflammation of the ear, nose and throat as well as of the paranasal sinuses). The remedy was advertised in a magazine using statements such as that it provides “schnell und effektiv” (fast and effective) relief both in the case of an acute cold and chronic sinusitis, and that it has a “abschwellend, entzündungshemmend und regenerierend auf die Nasenschleimhaut” (decongestant, anti-inflammatory and regenerating effect on nasal mucosa). A second homeopathic medicinal product that had been approved as a treatment for “nervös bedingte Störungen wie Schlafstörungen und Unruhezustände” (disorders induced by nervousness such as insomnia and restlessness) was promoted using claims, among others, that it promotes calmness and composure as well as self-healing capacities and restores mental balance.

The OLG Koblenz broadly granted an action for an injunction against these advertising statements. In the case of the “Schnupfenmittel” (cold remedy), the statements were said to be impermissible due to the fact that the approval of the treatment by the Bundesamt für Arzneimittel und Medizinprodukte (Federal Institute for Drugs and Medical Devices) did not give any indication of the product”s touted rapid effect. Furthermore, the Court ruled that the product”s “regenerating effect on nasal mucosa” did not fall within the scope of the approval. It was also impossible to adduce scientific evidence to conclusively support these claims. In the case of the second remedy, the OLG held that statements such as those pertaining to the promotion of calmness and composure or self-healing powers were similarly not covered by the approval and could not be conclusively substantiated with reference to scientific evidence.

When it comes to advertising, there is always a possibility of real or alleged violations of competition law occurring. This is especially true with respect to pharmaceuticals. Possible consequences include, e.g. injunction suits and damages claim. In order to fend off or enforce claims, one ought to consult a lawyer who is qualified in the field of competition law.

http://www.grprainer.com/en/legal-advice/intellectual-property-law-and-trademark-law/advertising.html

GRP Rainer LLP is an international law firm with lawyers and tax advisers specializing in business law, commercial law and company law and tax law. The attorneys counsel international commercial and industrial companies and corporations, as well as associations, mid-sized businesses, institutional investors and private individuals worldwide from offices in Cologne, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Germany and London UK.

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GRP Rainer LLP
Michael Rainer
Hohenzollernring 21
50672 Köln
+492212722750
press@grprainer.com
http://www.grprainer.com/en

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