Day: March 20, 2023

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VueReal Inc. Announces the Appointment of Kevin Soukup, a Semiconductor Industry Veteran, as a Member of the Board of Directors

WATERLOO, ON / ACCESSWIRE / March 20, 2023 / 2023 continues to see growth opportunities as VueReal builds off the momentum gained from 2022. VueReal remains focused on its vision of enabling new, innovative, and enriching products through sustainable micro-pixel fabrication.

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VueReal

The significant growth opportunity in automotive, aerospace, consumer electronics, health and medical demands detailed planning to stay focused on its vision. In addition, different fabrication scaleup opportunities for VueReal in North America require deep and tough strategic discussion and planning. To ensure that VueReal can scale up successfully and strategically, the company is excited to welcome Kevin Soukup to its Board of Directors.

Dr. Reza Chaji, CEO of VueReal, said, “We’re excited to announce that Kevin Soukup has joined VueReal’s Board of Directors. Kevin brings a wealth of semiconductor knowledge and experience and will play a key role in helping VueReal scale its business.” Kevin started his career in the semiconductor industry with Samsung in 2000, where he spent 11 years in a variety of engineering and operations leadership roles. Kevin joined GlobalFoundries in 2011, where he supported the ramp-up of its semiconductor wafer manufacturing facility in Malta, NY. He currently serves as the company’s Chief Strategy Officer, responsible for long-range planning, integrated strategy and corporate development.

With the added expertise to our Board and organization, VueReal has set its sights on establishing itself as a critical supplier of micro-pixel fabrication for strategic markets in North America and Europe.

“I’m excited to join VueReal’s board of directors at such a pivotal time for the company,” said Kevin Soukup. “Their talented team has developed innovative technologies which enable mass production of high-quality custom displays that will significantly accelerate the uLED adoption curve. I look forward to working with the VueReal team to help steward this next stage of growth.”

About VueReal

VueReal, a semiconductor and cleantech company, has developed a revolutionary semiconductor fabrication process called the microSolid Printing platform, enabling the efficient, practical, and scalable production of microLED/microSensor applications. This platform extends the use of microLED/microSensors to automotive, aerospace, smartwatch, smartphone, TV, IT, medical, and more. VueReal has established strong partnerships with leading industry players to commercialize its solutions.

VueReal also offers customized display manufacturing services for niche and mainstream markets, leveraging its state-of-the-art facilities and multidisciplinary research team. VueReal has used its platform to develop and commercialize microLED displays for different applications in North America.

Contact Information

Reza Chaji
CEO
info@vuereal.com

SOURCE: VueReal Inc.

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Prices up, buying power down, as Sudan shoppers gear for Ramadan

As the Sudanese public prepare for the Muslim fasting month of Ramadan, while the current official inflation rate has fallen to 63.3 per cent compared to 83.6 per cent in January, market prices for consumer goods are ‘stable’ at best, while some staples are rising due to demand, and travel fares are especially impacted by the knock-on effect of the high cost of fuel.

Sudan’s Central Bureau of Statistics announced on Sunday, that the current annual inflation rate in the country is recorded at 63.3 per cent, compared to 83.60 per cent in January. Year-on-year, in March 2022, the Central Bureau of Statistics quoted that the annual inflation rate in the country fell to 258.40% in February from 259.8% in January.

Traders and shoppers in the main market of Nyala, capital of South Darfur, gave differing opinions when quizzed on prices this week, especially those related to the holy month of Ramadan. While some of them told Radio Dabanga that many commodities are unaffordable to consumers, others said that they have observed stability in the prices of some commodities, however purchasing power is diminished due to the economic situation in the country and the people’s living conditions.

Radio Dabanga focused on the prices of ingredients used to make Ramadan beverages, including dates, and the prices were similar at all commercial sites. In the household equipment market, there is a high demand for plastic products, while more luxury glass products and others are witnessing stagnation.

Animal products

The prices for animal products have also risen in tandem with high production costs. Poultry farm owner Ahmed Belila told Radio Dabanga that prices for animal products are under pressure due to the high prices of production and transport, and weak purchasing power, which threatens to leave a large number of products out of the production cycle. Belila pointed out that Nyala consumes large quantities of eggs and white meat, however, “most of that is ‘imported’ from Khartoum, which makes it difficult for local businesses to compete”.

Crop market

Merchants at the Um Dafusu crop market in El Fasher, capital of North Darfur, complained about weak commercial movement and the lack of interest among the public to buy. Crop trader Amna Abdelrahman attributed the lack of interest in buying to a lack of public liquidity.

Another crop trader, Mona, said that some prices are remarkably higher than this time last year; a a quarter of millet costs SDG 4,000 this year compared to SDG 3,000 last year, however a sack of baobab now costs SDG 20,000 compared to SDG 8,000 in 2022.

Wholesaler Magda Ahmed attributes the erosion of purchasing power to salaries not keeping pace with market prices.

Less travel

The head of the Travel Buses Association, Samir Arsh El Din Mukhtar, told Radio Dabanga that many travel companies are in danger of going out of business after suffering heavy losses. Muktar says that travel from Khartoum to the states has decreased by 80 per cent, “due to the reluctance of the public, and the high operating expenses”.

The director of the Abu Hamada company operating on the Darfur-Port Sudan road. Confirmed to Radio Dabanga that travel is witnessing a severe stagnation due to the inability of bus owners to obtain fuel, and its high price.

Hamada says that the current fare from Khartoum to Port Sudan is SDG 40,000, while a trip from the Sudanese capital to Nyala now costs SDG 50,000.

Source: Radio Dabanga