LENOVO GROUP LTD S/ADR - LNVGY STOCK NEWS

Lenovo has launched its annual Black Friday Sale, offering discounts from November 23 to November 25. Customers can expect savings of up to 59% off on select products like ThinkPad X1 Carbon laptops and Yoga 2-in-1 laptops. More deals include Chromebooks discounted by 36% and gaming laptops up to 28% off. The event features hourly doorbusters, double MyLenovo Rewards points, and exclusive online offers. Customers can also benefit from the MyLenovo Rewards Program, earning 3% back on purchases.

Lenovo's new supercomputer at the Flatiron Institute in New York achieves a record 65.091 billion FLOPS per watt, ranking it #1 on the Green500 List for energy efficiency. Built using NVIDIA's advanced technology and Lenovo's ThinkSystem SR670 V2, this powerful machine promises breakthroughs in computational science across various disciplines, notably astrophysics and genomics. Enabled by sustainable practices, the supercomputer enhances research capabilities without significant costs related to energy consumption. This innovation solidifies Lenovo's leadership in high-performance computing.

Lenovo (ADR: LNVGY) has launched 21 new ThinkSystem and ThinkAgile servers powered by 4th Gen AMD EPYC processors, enhancing performance and efficiency for businesses. The servers offer dual benefits: superior workload performance and sustainability through advanced cooling technology. Lenovo's collaboration with AMD has resulted in over 100 world records in workload performance, doubling competitors' achievements. The new systems support hybrid multi-cloud environments and feature enhanced security capabilities. Lenovo aims to help clients modernize their IT infrastructure while meeting sustainability goals.

Lenovo Group (OTC-PINK:LNVGY) reported its second quarter results, marking the 10th consecutive quarter of year-on-year profitability improvements. Net income increased by 6% to US$541 million, while group revenue reached US$17.1 billion, a 3% year-on-year growth in constant currency. Non-PC business segments contributed over 37% to total revenue, with solutions and services, as well as infrastructure, achieving high double-digit growth. The company also plans to double its R&D investments, having increased R&D spending by 15% year-on-year.

Lenovo has partnered with Carly Rae Jepsen to create a Broadway music video for her single "Surrender My Heart" from her album "The Loneliest Time." The live event will take place in New York City on November 17, featuring advanced Lenovo laptops based on the Intel Evo platform to enhance the production. Carly aims to spotlight Broadway following its pandemic struggles, while exclusive access to the live performance will be available to fans aged 21+. Proceeds from props and costumes will support charity efforts.

Lenovo is collaborating with GRAMMY-nominated Carly Rae Jepsen for a unique Broadway-inspired music video performance of her single "Surrender My Heart" on November 17 in New York City. The event highlights the brand's association with creativity and technology, utilizing Lenovo laptops based on the Intel Evo platform. This initiative aims to support the Broadway community post-pandemic, with proceeds from auctioned props and costumes benefiting charities. Lenovo emphasizes its mission to inspire through technology, showcasing its products in a live entertainment setting.

Lenovo's recent global study involving 500 CTOs reveals key insights into the future of technology. The findings indicate a shift towards a 'New IT' architecture, emphasizing the integration of smart devices, edge computing, and cloud solutions. Notably, 84% of CTOs express optimism about hybrid cloud technology. However, challenges in cybersecurity and compliance remain significant concerns for many. The study underscores the potential for leveraging technology further, with strong resonance for Lenovo's vision among CTOs. Conducted between July 26 and August 12, 2022, the survey spans various global markets.

Lenovo's Tech World '22 showcased innovations aimed at enhancing collaboration and sustainability. Key highlights included rollable smartphone and laptop concepts, a new interactive holographic telepresence solution named Cyber Spaces, and AI-driven solutions for remote work and education. Lenovo committed to achieving net-zero emissions by 2050, aligning with the Paris Agreement. The company plans to double its R&D investment to enhance productivity and address global challenges, emphasizing its strong position in the tech market with $70 billion in revenue.

Lenovo is launching a Black Friday Sneak Peek Sale from October 17 to October 30, offering discounts of up to 70% on various products. This promotion includes laptops priced under $200, up to 60% off ThinkPads, and more. Customers in the MyLenovo Rewards program will earn rewards points for future purchases. Lenovo, a global technology leader with US$70 billion in revenue, continues to expand its product offerings and serve customers across 180 markets.