LENOVO GROUP LTD S/ADR - LNVGY STOCK NEWS

Lenovo's Future of Work and Digital Transformation study indicates that 83% of businesses anticipate remote work will continue, with 60% of employees favoring hybrid models. The survey of over 8,000 participants reveals that 70% of workers report higher job satisfaction due to flexible work arrangements. Despite this, challenges persist, including slow internet and limited IT support in small businesses. Data security has become a top priority for IT departments, as organizations seek reliable technology partnerships to address these evolving needs.

Lenovo (ADR: LNVGY) has launched advanced hyperconverged infrastructure solutions under its ThinkSystem and ThinkAgile portfolios, aimed at enhancing edge-to-cloud computing. These solutions, powered by AMD EPYC™ 7003 Series processors, are designed for diverse workloads, including VDI and AI, providing enhanced performance and built-in security. Notable clients include Hetzner Online, which achieved up to 100% performance improvement with Lenovo's solutions, and the University of Florida, integrating these technologies into their supercomputer environment.

Lenovo is the Exclusive Computing Sponsor of Red Bull Illume® 2021, a global adventure and action sports imagery contest. This two-year partnership will showcase exceptional images while providing Lenovo with promotional opportunities, including product placement and prizes. The competition invites public voting for the Best of Instagram category from March 1 to July 31, 2021, with finalists selected monthly. Winners will enjoy global exposure and prizes during a ceremony in November 2021. Lenovo aims to support content creators through innovative technology and enhance their creative expression.

Lenovo is launching its Annual Sale, offering up to 65% off selected computers and electronics from February 22 to March 15. Featured deals include discounts on popular products such as the Lenovo Yoga 9i, Chromebook C330, and ThinkPad X1 Nano. Additionally, customers can find up to 30% off on Lenovo Legion gaming laptops and touchscreen devices starting at $634.99. The offers are valid while supplies last, and customers are encouraged to visit lenovo.com for the latest deals.

Lenovo has launched its Annual Sale, offering up to 65% off on select computers and electronics from February 22 to March 15. Featured deals include Lenovo Yoga 9i starting at $899.99, Chromebook C330 at $239.99, and ThinkPad X1 Nano at $1,149.99. Additional discounts include 30% off on Legion gaming laptops and 2-in-1 laptops. Customers can also earn double MyLenovo Rewards points on purchases during the sale.

Lenovo has announced its elevation to the Title Partner of the Ducati MotoGP Team, now branded as the Ducati Lenovo Team, effective immediately. This new three-year partnership builds on a successful collaboration since 2018, emphasizing the importance of advanced technology in motorbike racing. The partnership aims to enhance data analytics and AI capabilities, improving performance and engineering efficiency. Lenovo's technology, including edge servers and mobile workstations, has already led to significant improvements in bike simulations and decision-making processes.

Lenovo Group (HKSE: 992) (PINK SHEETS: LNVGY) reported record third-quarter revenue of US$17.2 billion, a 22% increase year-on-year. Pre-tax income rose 52% to US$591 million, while net income increased 53% to US$395 million. The company attributed this growth to its innovative product portfolio and operational excellence. The Intelligent Devices Group led with revenues of US$14 billion, a 27% year-on-year rise. Despite ongoing challenges from geopolitical uncertainties and supply shortages, Lenovo projects positive growth driven by the ongoing demand for PCs and smart devices.

Napatech and Lenovo have announced a partnership to provide 25- and 100-gigabit Ethernet programmable SmartNICs to data centers, focusing on the 5G market and cloud service providers. This collaboration aims to enhance server performance and efficiency in virtualized environments. The Lenovo SmartNICs leverage field-programmable gate arrays (FPGAs) to meet growing demands, potentially generating over $10 million in revenue. The products feature advanced networking capabilities and are expected to roll out globally, starting with the Greater China market.

Lenovo announces its annual Family Day Sale, running from February 7-21, offering significant discounts on select laptops and accessories. Discounts include up to 60% off ThinkPads, 30% off Yoga 2-in-1s, 20% off Legion desktops, and various offers on warranty upgrades and accessories. Special doorbusters will be available on Family Day, February 15. Lenovo aims to provide consumers with valuable savings on technology products at lenovo.com, marking the event as their first major sale of the year.