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NaaS Technology Inc. is a leading electric vehicle (EV) charging service provider in China, dedicated to revolutionizing the energy sector with carbon-neutral solutions. Listed on the NASDAQ under the symbol NAAS, the company offers an integrated suite of online and offline services to charging station operators, enhancing their operational efficiency and customer satisfaction.
NaaS provides a comprehensive range of services that cater to every need of the EV charging ecosystem. From siting consultation, software and hardware procurement, to EPC (Engineering, Procurement, and Construction), operation and maintenance, and energy storage solutions, NaaS simplifies the intricacies of managing charging stations. The company's robust digital platform also offers non-charging services, such as food and beverage options for station operators, ensuring a holistic service experience.
Recent financial results highlight NaaS's impressive growth trajectory. In 2023, the company reported a revenue of RMB320.1 million (US$45.1 million), reflecting a remarkable year-over-year growth of 245%. Gross profit surged to RMB88.8 million (US$12.5 million), with gross margins increasing from 6.6% to 27.7%. The charging volume through NaaS's network rose by 81% YoY, reaching 4,958 GWh. Additionally, the gross transaction value saw a 74% YoY increase, amounting to RMB4.7 billion (US$661.6 million).
NaaS's network is expansive, connecting 875,655 EV chargers across 77,017 charging stations as of the end of 2023. This extensive network is further bolstered by strategic partnerships with leading national operators and automobile manufacturers, including Deepal Automobile, GAC Energy Technology Co., Ltd., and Great Wall Motors. These collaborations not only enhance NaaS's service offerings but also strengthen its technological capabilities, enabling it to deliver optimized energy solutions worldwide.
One of the notable recent developments includes NaaS's partnership with Beijing Car Network New Energy Co., Ltd. (CNNE), aimed at improving the connectivity and customer flow of public EV charging piles in Beijing. This collaboration is set to integrate NaaS's digital capabilities with CNNE's charging stations, providing EV owners with enhanced services such as pricing information, one-click charging, and online payment options.
NaaS has also been recognized in the Global Unicorn Index, highlighting its status as a significant player in the new energy sector. The company's digital solutions in energy management, including the NEF (NaaS Energy Fintech) system, are designed to optimize the operation, trading, and coordination of transport energy. This innovation underscores NaaS's commitment to leveraging AI and digital technologies to drive high-quality development in the energy sector.
NaaS Technology Inc. is not only transforming the EV charging landscape but also positioning itself as a pivotal force in the global energy transition. With its continuous focus on innovation, strategic partnerships, and financial growth, NaaS is set to play a crucial role in the future of sustainable energy solutions.
Communication Technology Services (CTS) has launched a Customer Portal for its Private Cellular Network-as-a-Service (NaaS) solution. This portal allows for integrated management of network administration and Subscriber Identity Module (SIM) management from multiple OEM platforms in one interface. Previously, customers faced challenges managing various systems from different vendors. The NaaS offering also includes Distributed Antenna Systems and other connectivity solutions, requiring minimal capital outlay. CTS emphasizes its transformation from a system integrator to a managed service provider, maintaining high service performance and flexibility in meeting customer needs.
The Network as a Service (NaaS) market reached USD 16.65 billion in 2021, with a projected CAGR of 22.4% from 2022 to 2030, potentially hitting USD 103.24 billion by 2030. NaaS facilitates scaling of IT infrastructure, enabling companies to outsource network management, thus reducing costs and improving agility. However, challenges include complex deployments and a predicted shortage of 85 million tech workers by 2030, leading to potential delays and increased operational costs. Major players include Cisco Systems, Cloudflare, and Verizon.
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.
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