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Blog posts July 2021

PIC Group Awarded O&M Support Services Agreement for a New Refinery in Nigeria

ATLANTA-Thursday 29 July 2021 [ AETOS Wire ]
 
(BUSINESS WIRE)-- Having operated and maintained assets, deployed and trained workforces in remote locations around the world, and building on years of experience in Nigeria, PIC Group has entered into a 5-year service agreement with Azikel Petroleum Ltd. for the new Azikel Refinery to be located in Yenagoa, Bayelsa State, Nigeria. Under the terms of the agreement, PIC Group will provide Operations and Maintenance (O&M) support services including site-specific integrated operation & maintenance procedures, a systematic approach to training as well as operational support in the form of oversight and mentoring of refinery personnel by PIC Group’s specialists. PIC Group’s thorough and sustainable qualification programs combined with a comprehensive approach to organizational development will enable the new Azikel Refinery to efficiently transition from commissioning and startup through to full operation as well as facilitate staff localization for the new 12,000 bpd hydroskimming refinery.
 
“PIC Group’s O&M experience, approach to site-specific qualification programs and precise site-specific procedural documentation, creates a consistent base of knowledge for the Azikel Refinery to improve efficiency, and ensure reliable, consistent, safe operation,” said Ian Anderson, Executive Director and VP Refinery at Azikel Petroleum.
 
“PIC Group’s systematic methodology for knowledge transfer embraces Azikel’s vision of self-performance and will empower the local community to lead the long-term operation of the facility while maintaining operational readiness and regulatory compliance across the lifecycle of the refinery,” said Frank Avery, President and CEO at PIC Group.
 
Dr. Eruani, Group President said, “Training of our staff was of paramount importance to Azikel in our selection of the O&M services contractor, and we are very pleased with the comprehensive program proposed by the PIC Group.”
 
About Azikel Petroleum Ltd.
 
Azikel Petroleum Ltd. is part of the Azikel Group, a privately owned company involved in dredging, aviation, power generation and petroleum businesses supporting the infrastructure development of Nigeria. Established in 2008, the company’s focus is in the industrialization, employment, and the development of human capital with a geographic focus in the Niger Delta region of the country.
 
About PIC Group
 
Founded in 1988, PIC Group, Inc. is dedicated to delivering value by providing global energy services to facilities across four continents – North America, South America, Asia and Africa. PIC Group provides O&M Services (Care, Custody and Control), Commissioning and Startup, Documentation & Training and Staffing services and serves the power generation, oil and gas, petrochemical, pulp and paper and manufacturing industries.
 
PIC Group, Inc. is a wholly owned subsidiary of Marubeni Corporation, a Fortune Global 500 Company. Marubeni is a major Japanese sogo shosha (international trading company) and the third largest global independent power producer (IPP).
 
(www.picgroupinc.com)
 
About Marubeni
 
Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business including consumer products, food, agriculture, chemicals, energy and metals and power business machinery and infrastructure.
 
View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005989/en/
 
Contacts
Douglas Shuda, Marketing Director
678-627-4142
douglas.shuda@picgroupinc.com
 
Permalink : https://www.aetoswire.com/news/pic-group-awarded-oampm-support-services-agreement-for-a-new-refinery-in-nigeria/en
 
 

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EML Awarded Northern Ireland Government Tender For AU$273million Economic Stimulus Solution

EML partners with Mastercard for a major COVID-19-related fiscal stimulus programme to benefit the people of Northern Ireland.


BRISBANE, Australia-Friday 30 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- EML Payments (ASX: EML) (S&P/ASX 200) is delighted to win a tender to disburse an AU$273million economic stimulus boost to the citizens of Northern Ireland through Mastercard prepaid cards. The new High Street Scheme (HSS) will provide everyone resident in Northern Ireland, aged 18 and over, with a prepaid card worth £100 to spend in local businesses. It follows the innovative, world-first card-based stimulus solution that EML and Mastercard developed for the Government of Jersey in 2020.

Pictured in Carrickfergus, County Antrim: Far left, Lee Britton, CEO Europe at EML, centre with card, Gordon Lyons, Northern Ireland's Minister for the Economy, and second from right, Sarah Cunningham, Vice President and Lead at Mastercard’s Dublin Technology Hub. (Photo: Business Wire)

''This scheme is a key element of my Department’s Economic Recovery Action Plan and will give a very welcome boost to our high streets, which were hard hit by the COVID-19 pandemic,'' commented Gordon Lyons, Northern Ireland's Minister for the Economy.

''Using our payment technology, the Northern Ireland Government can determine how much, where and over what timeframe taxpayers’ funds can be spent, maximising the impact and benefits for the communities and businesses in which they are trying to reach,’’ explained Kelly Devine, Divisional President, UK and Ireland at Mastercard.

''Our award-winning economic stimulus product trusted by governments worldwide will help to boost the Northern Ireland economy by AU$273million,'' stated Lee Britton, CEO Europe at EML.

EML is committed to helping governments worldwide to get money to people who need it most - fast. Most recently, citizens in the United States, the United Kingdom, Jersey, Australia, Spain, Italy and Finland have been assisted with innovative Disbursement-as-a-Service (DaaS) payment solutions across 562 EML initiatives.

About EML Payments

EML provides an innovative payment solutions platform, helping businesses all over the world create awesome customer experiences. Wherever money is in motion, our agile technology can power the payment process, so money can be moved quickly, conveniently and securely. We offer market-leading programme management and highly skilled payments expertise to create customisable feature-rich solutions for businesses, brands and their customers.

Come and explore the many opportunities our platform has to offer by visiting us at: EMLPayments.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005550/en/

Contacts

Sarah Bowles, Group Chief Digital Officer
EML Payments Limited (ASX: EML)
sbowles@emlpayments.com
+61 439 730 968

Marie O’Riordan, Global Director of Public Relations
EML Payments Limited (ASX: EML)
marie.oriordan@emlpayments.com / pr@emlpayments.com
+353 46 94 2010 9 / +44 207 183 5856

Permalink : https://www.aetoswire.com/news/eml-awarded-northern-ireland-government-tender-for-au273million-economic-stimulus-solution/en

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Everbridge Launches Industry’s First Global Critical Event Management (CEM) CertificationTM Program with Formalized Standards for Enterprise Resilience

Discover, Goldman Sachs, NBCUniversal, Dow and Alexion among FORTUNE 500TM leaders earning prestigious Best in Enterprise ResilienceTM designation through rigorous CEM CertificationTM benchmarking
BURLINGTON, Mass.-Thursday 29 July 2021 [ AETOS Wire ]

BURLINGTON, Mass.--(BUSINESS WIRE)-- Everbridge, Inc. (NASDAQ: EVBG) today announced the industry’s first Critical Event Management (CEM) Certification™ Program for assessing an organization’s enterprise resilience. Developed from 20 years of professional services engagements across tens of thousands of projects in over 150 countries and facilitating tens of billions of critical interactions, Everbridge’s proprietary CEM Standards FrameworkTM and related certification process offer organizations an end-to-end methodology for evaluating and benchmarking enterprise resilience preparedness. Businesses who achieve CEM CertificationTM status follow proven industry best practices for enterprise resilience to keep their people safe and organizations running, faster.

As a part of the launch of the CEM Certification program, several vertical-industry leaders including FORTUNE 500 companies and multi-national corporations have engaged in the evaluation and benchmarking process. Representative organizations awarded the prestigious Best in Enterprise ResilienceTM designation include financial services giants Discover and Goldman Sachs, mass media and entertainment conglomerate NBCUniversal, multi-national chemical corporation Dow, and global pharmaceutical leader Alexion. These organizations met or surpassed benchmarks in key measurable areas, demonstrating their commitment to enterprise resilience across digital and physical domains.

“Discover’s certification by Everbridge confirms our company’s commitment to keep our employees safe and to ensure that we have an effective business continuity program in place,” said Brad Earman, Security and Intelligence Operations, Discover.

Everbridge’s CEM Standards Framework anchors the certification process, which examines an organization’s capabilities across key competencies. The Best in Enterprise Resilience™ designation validates best practices in Critical Event Management (CEM). A strong CEM program helps organizations make better strategic data-driven decisions, enables and protects revenue streams, increases profitability through expense efficiencies, bolsters brand and reputation, drives operational improvements, and fulfills Duty of Care.

Categories for potential certification include keeping people safe, maintaining business continuity and operational uptime, optimizing supply chain and supply routes, advancing the interconnectivity, efficiency and safety of smart buildings and the internet of things (IoT), and safeguarding an organization’s brand and reputation through resilient and responsive IT systems in an increasingly virtual world.

Led by the Everbridge Professional Services team, the assessment of these categories leverages the culmination of over 500,000 hours of consultation to several thousands of the world’s largest companies and institutions, helping to keep people safe in over 1,500 municipalities, counties, cities, states and countries in every major region of the world including Europe, Asia, Oceania, the Middle East, Africa, and the Americas. Any organization (including non-Everbridge customers) can participate in the certification assessment process, which typically takes place over a three- to five-week period.

Becoming CEM Certified™ provides organizations with the following benefits:

Benchmark performance against industry peers, including areas of strength and opportunities for improvement
Improve resilience planning, budgeting and resource allocation
Drive strong return on investment through targeted initiatives
Demonstrate a commitment to enterprise resilience and duty of care, instilling trust among employees, partners, customers, and investors
Recruit and retain top talent
Formalize recognition at the organizational level for global leadership in enterprise resilience
Reward individual achievement via employee certifications on professional profiles
CEM Certification provides an organization’s employees, customers, and stakeholders with the confidence their company stands at the forefront of digital transformation and operates from a position of enterprise-wide resilience. Upon achieving Best in Enterprise Resilience™ status, a certification medallion signals to vendors, partners, and customers the validation of a decidedly ‘resilient’ organization.

Re-certified on an annual basis, the Best in Enterprise Resilience™ seal and blockchain-certified digital asset (similar to a non-fungible token – NFT), irrevocably and permanently secures this elite digital award in cyberspace. Legendary design firm Chermayeff & Geismar & Haviv, creators of many of the world’s most iconic and enduring brands, achieved the Best in Enterprise Resilience™ mark design through their rigorous process of symbol-making to capture the essence of Critical Event Management (CEM).

“We congratulate Discover, Goldman Sachs, NBCUniversal, Dow and Alexion, who demonstrated their commitment to meeting the highest standards of readiness and resilience,” said Dr. John Maeda, Chief Experience Officer at Everbridge. “Every company possesses unique operational details – a combination of technologies, physical locations, supply chains and, most importantly, people – all of which are in constant evolution. CEM Certification™ reinforces the strategic imperative to follow global best practices for enterprise resilience. We commend these companies on achieving Best in Enterprise Resilience™.

As per a recently-commissioned study conducted by Forrester Consulting to evaluate the total impact of implementing CEM best practices through automation based on analysis assuming a multi-billion dollar, multinational corporation looking at cash flow analysis (risk-adjusted estimates), the payback period of deploying CEM best practices stands at approximately three months. The study went on to state, “All of the interviewed executives told Forrester that Everbridge helped them maintain business operations and revenue during critical events.”

About Everbridge

Everbridge, Inc. (NASDAQ: EVBG) is a global software company that provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to Keep People Safe and Organizations Running™. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events including IT outages, cyber-attacks or other incidents such as product recalls or supply-chain interruptions, over 5,700 global customers rely on the Company’s Critical Event Management Platform to quickly and reliably aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes through the secure delivery to over 100 different communication modalities, and track progress on executing response plans. Everbridge serves 8 of the 10 largest U.S. cities, 9 of the 10 largest U.S.-based investment banks, 47 of the 50 busiest North American airports, 9 of the 10 largest global consulting firms, 8 of the 10 largest global automakers, 9 of the 10 largest U.S.-based health care providers, and 7 of the 10 largest technology companies in the world. Everbridge is based in Boston with additional offices in 20 cities around the globe. For more information visit www.everbridge.com

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the anticipated opportunity and trends for growth in our critical communications and enterprise safety applications and our overall business, our market opportunity, our expectations regarding sales of our products, our goal to maintain market leadership and extend the markets in which we compete for customers, and anticipated impact on financial results. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the ability of our products and services to perform as intended and meet our customers’ expectations; our ability to successfully integrate businesses and assets that we may acquire; our ability to attract new customers and retain and increase sales to existing customers; our ability to increase sales of our Mass Notification application and/or ability to increase sales of our other applications; developments in the market for targeted and contextually relevant critical communications or the associated regulatory environment; our estimates of market opportunity and forecasts of market growth may prove to be inaccurate; we have not been profitable on a consistent basis historically and may not achieve or maintain profitability in the future; the lengthy and unpredictable sales cycles for new customers; nature of our business exposes us to inherent liability risks; our ability to attract, integrate and retain qualified personnel; our ability to maintain successful relationships with our channel partners and technology partners; our ability to manage our growth effectively; our ability to respond to competitive pressures; potential liability related to privacy and security of personally identifiable information; our ability to protect our intellectual property rights, and the other risks detailed in our risk factors discussed in filings with the U.S. Securities and Exchange Commission (“SEC”), including but not limited to our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 26, 2021. The forward-looking statements included in this press release represent our views as of the date of this press release. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

All Everbridge products are trademarks of Everbridge, Inc. in the USA and other countries. All other product or company names mentioned are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005510/en/

Contacts
Everbridge Contacts:
Jeff Young
Media Relations
jeff.young@everbridge.com
781-859-4116

Joshua Young
Investor Relations
joshua.young@everbridge.com
781-236-3695

Permalink : https://www.aetoswire.com/news/everbridge-launches-industryrsquos-first-global-critical-event-management-cem-certificationtmnbspprogram-with-formalized-standards-for-enterprise-resilience/en

 

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HKTDC Twin Jewellery Events Open in Hong Kong

First trade shows following pandemic, open to public for first time


HONG KONG-Monday 26 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- The HKTDC Hong Kong International Jewellery Show and HKTDC Hong Kong International Diamond, Gem & Pearl Show, opened on 25 July at the Hong Kong Convention and Exhibition Centre (HKCEC) and will run until 29 July. The twin shows are the first two physical trade fairs to be staged by the Hong Kong Trade Development Council (HKTDC), since the pandemic began and are being held in a hybrid format for the first time, with both physical and online exhibitions. The online show will run until 5 August to help global jewellers capture business opportunities as the pandemic continues.

The physical fairs have attracted close to 440 exhibitors and are open to jewellery-loving public visitors for the first time. Exhibitors are coming from Germany, Hong Kong, India, Italy, Switzerland and the United States. Some of the overseas exhibitors are also joining the online exhibition. In addition to local trade buyers, the HKTDC has mobilised its 50 global offices to invite overseas buyers to take part in the fairs and conduct business deals via video conferencing.

HKTDC Deputy Executive Director Benjamin Chau said: “The HKTDC twin jewellery shows provide a one-stop marketing and sourcing platform to showcase the latest and finest jewellery items as well as raw materials, helping Hong Kong to maintain its position as a trading and sourcing hub for this important sector. We are happy to see that the jewellery export and retail markets have been picking up, and we hope our fairs can assist industry players in navigating the current challenges.”

A host of seminars are being held during the twin shows, helping to broaden the horizons of jewellery industry players. Speakers include representative from De Beers, Chan Tai Fook, the Gemological Association of Hong Kong and more. There are also expert talks aimed specifically at jewellery-loving visitors. They include a representative from jewellery college L’ECOLE sharing on the art and science of rubies; representatives from the Diamond Federation of Hong Kong and Jade Manufacturers Association discussing how to appreciate rare-colour diamonds; and a representative from the Gemological Institute of America (GIA) introducing its pearl evaluation methods.

Websites
Hong Kong International Jewellery Show: hkjewelleryshow.hktdc.com
Hong Kong International Diamond, Gem & Pearl Show: hkdgp.hktdc.com

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210725005042/en/

Contacts

Media Enquiries
Please contact the HKTDC's Exhibitions Department:
Sum Luk                                
Tel: (852) 2240 4048                         
Email: cs.luk@hktdc.org


Permalink : https://www.aetoswire.com/news/hktdc-twin-jewellery-events-open-in-hong-kong/en

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SpeeDx Launch Solution for SARS-CoV-2 Variant Analysis

Extending patented mutation detection technology to address emerging COVID-19 variants of concern

SYDNEY-Wednesday 28 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- SpeeDx Pty. Ltd., a developer of innovative molecular diagnostic solutions, have launched a new product line of research reagents to support reflex variant analysis for circulating SARS-CoV-2 variants of concern (VOC). The rapid development of PlexPrime® SARS-CoV-2 Genotyping* tests will support investigations and monitoring of the range of emerging and circulating SARS-CoV-2 VOC that have been linked to increased transmissibility, reduced vaccine efficacy, or other characteristics that may require specific public health actions.1

“Utilising our unique universal substrate approach, our rapid-response development team can easily respond to the complex and evolving situations arising from the ongoing COVID-19 pandemic” said Elisa Mokany, SpeeDx Chief Technology Officer. “Our unique technology excels in mutation detection applications and can readily be applied to variants reported in the SARS-CoV-2 sequence databases.”

PlexPrime® SARS-CoV-2 Alpha/Beta/Gamma+* the first product in the portfolio, is a single well multiplex designed to detect mutations N501Y, S982A and E484K in the spike gene of SARS-CoV-2 found in B.1.1.7 (Alpha), B.1.351 (Beta), and P.1 (Gamma) VOC. A second multiplex for mutations related to the Delta VOC will be released shortly, and other mutations are currently under assessment. Compatible with standard qPCR instrumentation, the tests can reduce the manual process of preparing positive samples for sequence analysis by identifying samples of interest, focusing downstream activities, and ultimately reducing turn-around and hands-on time for laboratories.

About SpeeDx

Founded in 2009, SpeeDx is an Australian-based private company with subsidiary offices in Austin and London, and distributors across Europe. SpeeDx specializes in molecular diagnostic solutions that go beyond simple detection to offer comprehensive information for improved patient management. Innovative real-time polymerase chain reaction (qPCR) technology has driven market-leading multiplex detection and priming strategies. Product portfolios focus on multiplex diagnostics for sexually transmitted infection (STI), antibiotic resistance markers, and respiratory disease. For more information on SpeeDx please see: https://plexpcr.com

*available as Research Use Only reagents not for use in diagnostic procedures

References

SARS-CoV-2 Variant Classifications and Definitions. National Center for Immunization and Respiratory Diseases (NCIRD), Division of Viral Diseases. Found at: https://www.cdc.gov/coronavirus/2019-ncov/variants/variant-info.html
View source version on businesswire.com: https://www.businesswire.com/news/home/20210726005313/en/

Contacts
Madeline O’Donoghue - SpeeDx Global Marketing Director
madelineo@speedx.com.au
+61 406 582 808

Permalink : https://www.aetoswire.com/news/speedx-launch-solution-for-sars-cov-2-variant-analysis/en

 

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Carbon Streaming Provides Corporate Update & Webcast Details

 

TORONTO -Wednesday 28 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Carbon Streaming Corporation (“Carbon Streaming” or the “Company”) (NEO:NETZ) is pleased to provide a corporate update in advance of today’s public listing at 9:30am ET on the Neo Exchange Inc. (“NEO Exchange”). The Company is hosting a live webcast at 10:30am ET today, July 27, 2021, and would welcome participation from current and prospective shareholders, alike. Further details on how to register and participate in the webcast are provided below.

Company Highlights:

    Carbon Streaming’s ticker symbol on the NEO Exchange is NETZ, in reference to the Company’s mission of financing a net-zero carbon future.
    The Company’s current cash position is US$141 million (C$176 million) and no corporate debt.
    Carbon Streaming is in a strong financial position to execute its investment strategy of executing carbon credit streaming agreements for high-quality carbon dioxide equivalent (“CO2e”) carbon credits. The Company is targeting to have completed investments that have the potential to deliver:
        20 million carbon credits per year for 30 years by year-end 2021;
        50 million carbon credits per year for 30 years by 2023; and,
        100 million carbon credits per year for 30 years by 2025.
    The Company has announced a carbon credit stream agreement to purchase the greater of 200,000 carbon credits annually or 20% of the annual carbon credits created from the MarVivo blue carbon project, over the 30-year project life.
    The Company has also announced an exclusive term sheet with the Bonobo Conservation Initiative to develop carbon projects on the Sankuru Nature Reserve and the Kokolopori Bonobo Reserve, which have the potential to remove hundreds of millions of tonnes of CO2e over their 30-year project lives.
    The Company is actively pursuing investment opportunities with multiple First Nations groups throughout Canada to develop carbon credit projects on their traditional territories. The Company expects news on this initiative before the end of 2021.
    In addition, the Company is actively pursuing an extensive pipeline of carbon credit streaming and investment opportunities on projects in North and South America, Europe, Africa, and Southeast Asia that would achieve the corporate goals listed above.
    The Company is also exploring stock exchange listing opportunities in the United States (“U.S.”) and is targeting to be listed on a U.S. stock exchange such as the NASDAQ or NYSE by year-end 2021.

Justin Cochrane, President and CEO of Carbon Streaming, noted “after 20 months of developing a pipeline of high quality CO2e carbon credit investment opportunities, the Company is fully funded to purchase and register the highest quality carbon credits on the planet as we deliver on our mission of financing a net-zero carbon future.”

Webcast

The general public is invited to join a live webcast on Tuesday July 27, 2021 at 10:30am ET where Mr. Cochrane will provide a brief company update and answer questions from participants. Registration details are available on the Company’s website at Carbon Streaming Corporation - Events and at https://zoom.us/webinar/register/WN_OvF8RntbSSmwYcTQxJJSzw

About Carbon Streaming Corporation

Carbon Streaming is a unique ESG principled investment vehicle offering investors exposure to carbon credits, a key instrument used by both governments and corporations to achieve their carbon neutral and net-zero climate goals. Our business model is focused on acquiring, managing and growing a high-quality and diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly or indirectly, with voluntary and/or compliance carbon credits.

The Company invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects by bringing capital to projects that might not otherwise be developed. Many of these projects will have significant social and economic co-benefits in addition to their carbon reduction or removal potential.

If you would like to receive corporate updates via e-mail as soon as they are published, please subscribe here: https://www.carbonstreaming.com/contact/request-information/.

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain forward-looking statements and forward-looking information (collectively, ‘forward-looking information’) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, the potential associated with any announced transactions, the ability for term sheets to reach definitive agreements, the expected timing and amount of carbon credit streams acquired; the nature and size of the company’s pipeline, the ability of the Company to obtain a U.S. stock exchange listing) are forward-looking information. This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: general economic, market and business conditions and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's AIF dated as of June 30, 2021 filed on SEDAR at www.sedar.com.

Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005449/en/

Contacts

Justin Cochrane, Director, President and CEO
Tel: 647.846.7765
info@carbonstreaming.com
www.carbonstreaming.com

Permalink : https://www.aetoswire.com/news/carbon-streaming-providesnbspcorporate-update-amp-webcast-details/en

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Kavak Boosts its Global Expansion by Investing US$500 Million in Brazil

• The company plans for Brazil to be its biggest operation by December 2021, through the inauguration of the largest vehicle reconditioning center ever built in Latin America.

• This commitment to Brazil involves creating +1,000 jobs in 2021, contributing to the economic reactivation of the country and strengthening the automotive sector.

• Kavak plans to reach 100,000 vehicles purchased and 50,000 vehicles sold in the Brazilian market by the end of 2022.


SÃO PAULO-Wednesday 28 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Kavak, the leading company in pre-owned cars in Latin America, announces the start of its operations in Brazil, with the announcement of a US$500 million investment, as part of its ambitious global expansion plan.

“Our business model is growing successfully, due to our ability to formalize the pre-owned car market through data and AI technology, which allows us to streamline the car buying and selling process; reduce the time required for reconditioning as well as the evaluation process for offering our different financing options, thereby managing to eradicate risks by eliminating third parties from the process and offering guarantees, in an industry beset by different types of fraud due to informality in its transactions", said Carlos García Ottati, founder and CEO of Kavak.

Kavak plans to hire more than 1,000 people in the next six months and will open the largest vehicle reconditioning center for Latin America in Sao Paulo. This will underpin plans to achieve 100,000 vehicles purchased and 50,000 vehicles sold in the Brazilian market by the end of 2022, as well as the purchase of over 200,000 units globally in the next 2 years of operations.

Kavak aims to revolutionize the access to automotive financing in Latin America, granting access to financial products to users who had been excluded for their different credit backgrounds, thanks to its data technology and AI. “Having access to a car automatically improves peoples’ personal and professional lives. That is why we are putting our best efforts into developing technology that allows financing products to reach as many people as possible so that everyone can buy the car of their dreams", said García Ottati.

Global expansion and accelerated growth

Under the global leadership of Carlos García Ottati, in August 2020 Kavak began operations in Argentina and, in October of that same year, reached the status of the first Mexican unicorn, obtaining a valuation of US$1,150 billion. However, just four months later, Kavak quadrupled its valuation to US$4 billion. The company has raised more than US$900 million in venture capital since its foundation in 2016, positioning itself as one of the most valuable startups in Latin America.

“The expansion in Brazil is the second step of an ambitious international expansion plan that will continue in the next 12 months in various Latin American countries and in other continents. Our vision is to be the largest automotive company in the world, and to achieve this goal we must help formalize a global market that shares similar problems, especially in emerging countries, places where we feel our products can democratize access to a pre-owned vehicle, through security and financial inclusion”, said García Ottati.

The Latin American startup announced that it will focus all its efforts on continuing to improve its customer experience and accelerate its conquest of more markets worldwide. “We must be able to rapidly scale our business model to its best version; only in this way will we be able to give fair access for more people to own a car, generating strong relationships so that they come back with us over and over”, said García Ottati.

About Kavak

Kavak started the revolution in the automotive market in 2016, by creating a platform based on the use of data and technology that buys, reconditions, and sells used cars over the internet or on company premises (hubs), with all the guarantees of safety and reliability as well as the best financing options. After four years of operation, Kavak became the first unicorn company in Mexico`s history and one of the most valuable startups in Latin America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005845/en/

Contacts

Víctor Manuel Reyna Alvarado
victor.reyna@kavak.com
M: +525567094364


Permalink : https://www.aetoswire.com/news/kavak-boosts-its-global-expansion-by-investing-us500-million-in-brazil/en

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Cat Rock Capital Issues Presentation on Just Eat Takeaway.com

Just Eat Takeaway.com Communication with Investors Deeply Flawed

Poor Transparency Leaves Just Eat Takeaway.com Vulnerable Despite Strong Results

Just Eat Takeaway.com Should Immediately Increase Transparency and Actively Evaluate Strategic Actions to Drive Shareholder Value

GREENWICH, Conn.-Tuesday 27 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Cat Rock Capital Management LP (together with its affiliates, “Cat Rock Capital”), a long-term oriented investment firm and beneficial owner of approximately 10.0 million shares of the common stock of Just Eat Takeaway.com NV (“Just Eat Takeaway.com”, “JET”, or “the Company”) (LSE: JET, AMS: TKWY, NASDAQ: GRUB), representing circa 4.7% of Just Eat Takeaway.com’s outstanding shares, today issues a public presentation on recent developments at the Company. This presentation is available at JustEatMustDeliver.com and upon request via info@catrockcap.com. Cat Rock Capital also comments:

“Cat Rock Capital has been a shareholder of Just Eat Takeaway.com and its predecessor companies for over four years, and we have intensively researched the global online food delivery sector over the past six years.

“We believe JET is a fantastic online food delivery business with #1 positions in markets representing 90% of its revenue,(1) a huge runway for continued organic growth, and highly experienced operational management.

“While we have been pleased with JET’s strong operational performance under CEO Jitse Groen and his team, we have been deeply disappointed by the Company’s poor handling of its relationship with investors.

“JET’s deeply flawed communication has made it the worst-performing online food delivery stock over the past two years despite strong operational performance. JET’s share price has declined -11% over the past two years even as its Gross Merchandise Value (“GMV”) has grown over 100%.(2) Accordingly, the Company’s valuation has dropped approximately 75% from ~11x revenue in mid-2019 to just ~2.6x revenue today.(3) Amazingly, JET and DoorDash are expected to generate similar amounts of GMV this year, yet DoorDash is worth over four times as much as JET.(4)

The Problem

“We believe it is clear why JET’s stock performed so poorly despite the Company’s strong growth:

Profit Guidance: The Company has not been transparent in communicating the costs of its investments and the corresponding short-term impact on EBITDA, seriously undermining its credibility with the market. JET completely failed to proactively communicate the cost of its logistics investments. Analyst estimates for 2021 EBITDA have come down from positive €400 million in August 2020 to negative €350 million today,(5) a stunning €750 million reduction in profit estimates in less than a year. The updated profit guidance of -1.0% to -1.5% 2021 EBITDA / Gross Transaction Value (“GTV”) is not concerning in its own right – Delivery Hero and iFood both experienced -1% to -8% EBITDA / GTV during their own logistics transitions,(6) and heavy startup investments are expected given the hyper-growth of JET’s logistics orders (+766% in the UK and +131% overall in 2Q21).(7) However, JET’s failure to flag these investments early has undermined its credibility with the market.

Logistics and Grocery Commentary: JET has itself publicly criticized the potential of businesses it is actively investing in, such as logistics and grocery delivery, causing immense confusion and misunderstanding. JET has bizarrely insisted that logistics and grocery will never achieve profits in Europe, even as it invests aggressively in logistics and enters the grocery market. Investors therefore naturally give JET no credit for these attractive and fast-growing businesses. Indeed, we know it has been a recent surprise to some that JET is already active in the grocery market. JET’s effort to dampen investor enthusiasm for logistics- and grocery-based competitors has completely backfired, leaving the Company in the awkward position of downplaying the long-term profit potential of its own investments.

Responses to Competitor Aspersions: JET has failed to address competitor attacks and correct misinformation on its operational acumen. JET’s competitors have branded it as a marketing company with poor technology. Just one example of this occurred very publicly when Uber CEO Dara Khosrowshahi sent a tweet to Jitse Groen saying that he should pay ‘more attention to [his] Tech and Ops’. JET management responded by challenging the labor practices of its competitors, which is highly ineffective, instead of pointing to the clear evidence of JET’s operational and technical acumen – such as its ability to scale logistics at a >700% pace for the largest and most demanding global restaurant chains like McDonald’s, Burger King, KFC, Taco Bell, Pizza Hut, Starbucks, Subway, and many others.(8)

The Solution

“Cat Rock Capital believes the path forward for JET is clear.

Fix Communication: JET needs to provide investors with transparency on the expected magnitude, composition, and returns of its investments. Specifically, JET should provide disclosure on the current and future unit economics of its logistics and grocery businesses.

Clean House: JET needs to aggressively address and exploit the deep undervaluation of its equity by selling non-core assets, using the proceeds to invest in its growth and repurchase the shares issued in the Grubhub transaction.

Explore Strategic Options: JET should explore strategic combinations with other global players that could strengthen the Company and generate significant shareholder value.”

Alex Captain, Founder and Managing Partner, Cat Rock Capital, commented:

“Just Eat Takeaway.com is a fantastic business with #1 positions in many of the world’s most valuable online food delivery markets and a long runway for growth.

“However, JET has failed to upgrade its communications with investors and the markets since IPO, leaving it deeply undervalued and vulnerable to takeover bids at far below intrinsic value.

“JET can quickly and materially improve its standing in the capital markets by improving transparency, selling non-core assets, and exploring strategic options to strengthen the business and generate significant shareholder value.

“We remain incredibly excited about JET’s prospects and look forward to continued engagement with management and shareholders to help the Company achieve its great potential.

“We welcome interested investors to review our research at JustEatMustDeliver.com. We would also be happy to connect with other Just Eat Takeaway.com shareholders who reach out to us at info@catrockcap.com.”

Cat Rock Capital’s previously released research and public commentary can also be found at JustEatMustDeliver.com.

White & Case LLP serves as legal advisor to Cat Rock Capital.

About Cat Rock Capital Management LP

Cat Rock Capital Management LP is a long-term focused investment firm that manages capital on behalf of pension funds, endowments, foundations, and other institutional investors. It seeks to invest in a select number of high-quality companies, with a long-term approach that emphasizes deep fundamental research. Cat Rock Capital is based in Connecticut, USA and was founded in 2015 by Alex Captain.

Notes:

(1) Excluding recent acquisition of Grubhub. According to Just Eat Takeaway.com March 2021 investor presentation dated 10 March 2021.

(2) Share price according to S&P Capital IQ as of 23 July 2021. Gross Merchandise Value (“GMV”) growth based on FY20 and FY18 GMV according to Just Eat Takeaway.com 2020 Annual Report dated 17 March 2021.

(3) According to Bloomberg as of 23 July 2021. Current NTM revenue based on Cat Rock Capital estimates, as consensus has yet to be fully updated for the acquisition of Grubhub.

(4) Gross Merchandise Value (“GMV”) according to company guidance. Expected JET GMV based on mid-point of FY21 Gross Transaction Value (“GTV”) guidance issued on 15 July 2021. Expected DoorDash GMV based on mid-point of FY21 Marketplace Gross Order Value guidance issued on 13 May 2021. Valuation reflects Total Enterprise Value (“TEV”). TEV based on share price according to S&P Capital IQ as of 23 July 2021, fully diluted shares outstanding calculated by Cat Rock Capital using the treasury stock method, and net debt according to the most recently published financial report. JET GMV and TEV converted from EUR to USD based on EURUSD exchange rate according to S&P Capital IQ as of 23 July 2021.

(5) Historical analyst estimates for FY21 EBITDA based on consensus FY21 EBITDA according to S&P Capital IQ as of 31 December 2020. Current analyst estimates for FY21 EBITDA based on consensus FY21 EBITDA according to S&P Capital IQ as of 23 July 2021, among analysts that have updated their forecasts following JET’s 2Q21 trading update provided on 15 July 2021.

(6) Reflects annual Adjusted EBITDA losses as a percentage of GMV during the roll-out of logistics. Delivery Hero Adjusted EBITDA and GMV according to Delivery Hero 2020 Annual Report dated 28 April 2021. iFood Adjusted EBITDA and GMV according to Just Eat Takeaway.com investor presentation dated 10 March 2021.

(7) According to JET 2Q21 trading update provided on 15 July 2021.

(8) According to restaurant listings on JET digital properties (websites and apps).

DISCLAIMER

Cat Rock Capital Management LP and certain of its affiliates and controlling persons (collectively, “Cat Rock Capital”), is publishing this announcement solely for the information of other shareholders in Just Eat Takeaway.com NV (“Just Eat Takeaway.com”). This announcement is not intended to be and does not constitute or contain any investment recommendation as defined by Regulation (EU) No 596/2014 (as it forms part of the domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018). No information in this announcement should be construed as recommending or suggesting an investment strategy. Nothing in this announcement or in any related materials is a statement of or indicates or implies any specific or probable value outcome in any particular circumstance. This announcement is provided merely for general informational purposes and is not intended to be, nor should it be construed as (1) investment, financial, tax or legal advice, or (2) a recommendation to buy, sell or hold any security or other investment, or to pursue any investment style or strategy. Neither the information nor any opinion contained in this announcement constitutes an inducement or offer to purchase or sell or a solicitation of an offer to purchase or sell any securities or other investments in Just Eat Takeaway.com or any other company by Cat Rock Capital or any fund or other entity managed directly or indirectly by Cat Rock Capital in any jurisdiction. This announcement does not consider the investment objective, financial situation, suitability or the particular need or circumstances of any specific individual who may access or review this announcement and may not be taken as advice on the merits of any investment decision. This announcement is not intended to provide the sole basis for evaluation of, and does not purport to contain all information that may be required with respect to, any potential investment in the Company. Any person who is in any doubt about the matters to which this announcement relates should consult an authorised financial adviser or other person authorised under the UK Financial Services and Markets Act 2000. To the best of Cat Rock Capital’s ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources that Cat Rock Capital believes to be accurate and reliable. However, such information is presented “as is”, without warranty of any kind, whether express or implied, and Cat Rock Capital has not independently verified the data contained therein. All expressions of opinion are subject to change without notice, and Cat Rock Capital does not undertake to update or supplement any of the information, analysis and opinion contained herein. This announcement, and its content, distribution and use, is subject to the terms specified at www.JustEatMustDeliver.com.

FORWARD LOOKING STATEMENTS

This announcement contains certain forward-looking statements and information that are based on Cat Rock Capital’s beliefs, as well as assumptions made by, and information currently available to, Cat Rock Capital. These statements include, but are not limited to, statements about strategies, plans, objectives, expectations, intentions, expenditures and assumptions and other statements that are not historical facts. When used herein, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and “project” and similar expressions (or their negative) are intended to identify forward-looking statements. These statements reflect our current views with respect to future events, are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Further, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual results, performance or achievements may vary materially and adversely from those described herein. There is no assurance or guarantee with respect to the prices at which any securities of Just Eat Takeaway.com or any other company will trade, and such securities may not trade at prices that may be implied herein. Any estimates, projections or potential impact of the opportunities identified by Cat Rock Capital herein are based on assumptions that Cat Rock Capital believes to be reasonable as of the date hereof, but there can be no assurance or guarantee that actual results or performance will not differ, and such differences may be material and adverse. No representation or warranty, express or implied, is given by Cat Rock Capital or any of its officers, employees or agents as to the achievement or reasonableness of, and no reliance should be placed on, any projections, estimates, forecasts, targets, prospects or returns contained herein. Neither Cat Rock Capital nor any of its directors, officers, employees, advisers or representatives shall have any liability whatsoever (for negligence or misrepresentation or in tort or under contract or otherwise) for any loss howsoever arising from any use of information presented in this announcement or otherwise arising in connection with this announcement. Any historical financial information, projections, estimates, forecasts, targets, prospects or returns contained herein are not necessarily a reliable indicator of future performance. Nothing in these materials should be relied upon as a promise or representation as to the future. Nothing in this announcement should be considered as a profit forecast.

PERMITTED RECIPIENTS

In relation to the United Kingdom, this announcement is being issued only to, and is directed only at, (i) investment professionals specified in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the “Order”), (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order and (iii) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities of Just Eat or any member of its group may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Permitted Recipients”). Persons who are not Permitted Recipients must not act or rely on the information contained in this announcement.

DISTRIBUTION

Not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction. The distribution of this announcement in certain countries may be restricted by law and persons who access it are required to inform themselves and to comply with any such restrictions. Cat Rock Capital disclaims all responsibility where persons access this announcement in breach of any law or regulation in the country of which that person is a citizen or in which that person is residing or is domiciled. Cat Rock Capital is subject to supervision by, and registered with, the U.S. Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210726005849/en/

Contacts
Investor Contact
Cat Rock Capital
+1 (203) 992-4630
info@catrockcap.com

Media Contact
Kepler Communications
Charlotte Balbirnie
+44 (0) 7989 528421
CBalbirnie@keplercomms.com


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ABB to present sustainable solutions at Dubai EXPO 2020

Company will highlight how technology can play a key role in building a low-carbon society and preserving resources.

Dubai, United Arab Emirates-Monday 26 July 2021 [ AETOS Wire ]

ABB will participate in the Dubai EXPO 2020 as an official partner of the Swedish Pavilion and showcase its leading technology in a digital and interactive way partnering with more than 100 companies and institutions. With a history of more than 130 years and Sweden as one of the birthplaces of the company, ABB will join the country’s efforts to highlight the most innovative solutions that will help build a smart society under the pavilion’s theme of “Co-creation for Innovation”. The exhibition is the first Expo ever that is taking place in the Middle East. A meeting point for businesses and governments, EXPO 2020 will run from October 1, 2021, to March 31, 2022.

As part of its presence in Dubai ABB will highlight how plastic waste is turned into furniture using a specially adapted robot from ABB and how the sustainability and production efficiency of mining operations can be increased by using smart, digital solutions. Other projects include ABB solutions that help turn Västerås – Sweden’s fifth largest urban area – into one of the smartest cities in the country, establish one of the world’s tallest wooden buildings as a showcase project for state-of-the-art energy technology and research into new materials for a smarter and more sustainable future.

ABB CEO Björn Rosengren will also be part of a high-level seminar under the theme of “Switzerland and Sweden – Partners in Technology and Sustainability” to manifest 100 years of official relations between the two countries. Together with representatives from Switzerland and Sweden the event will explore how industry can contribute to a recently signed Memorandum of Understating between the two innovation agencies Innosuisse and Vinnova in the areas of knowledge and learning, science and sustainable innovation.

Björn Rosengren said: “ABB is proud to be part of this exhibition that addresses the key challenges our world is faced with today. We are convinced that our electrification and automation solutions play an important role in showcasing the power of innovation and technology for a more sustainable world. It is the perfect platform for ABB to position ourselves as a leading technology company with a strong focus on people, technology and sustainability.”

Anna Hallberg, Sweden’s Minister of Foreign Trade, added: “Expo 2020 in Dubai is a unique opportunity to highlight innovative, smart and sustainable technologies that can solve some of the world’s most pressing challenges. I am very proud that Sweden and Swedish companies are at the forefront of this development. ABB is a brilliant example of this, and I highly value their participation as an official partner to the Swedish pavilion.”

ABB has a long tradition of supporting its local customers in the United Arab Emirates and has provided state-of-the-art technology to a range of projects in the country. Among them are electrification solutions for the Burj Khalifa, the world’s tallest building, and the world’s first fully functional office built using 3D printed concrete elements. Automation and electrification technology from ABB is also in use in Dubai’s International Airport, the city’s metro system and the Mall of the Emirates.

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com

Contacts
Media Relations

Jyotsna Ravishankar

Email: jyotsna.ravishankar@ae.abb.com   

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Umbrella Beach Project to Put UAE’s Fujairah on Global Tourism Map

Set to be completed this year, the expansive Umbrella Beach complex will showcase Fujairah as a world-class tourist and shopping venue.


FUJAIRAH, United Arab Emirates-Monday 26 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Umbrella Beach, an ambitious tourism project now underway on the eastern coast of the UAE, appears set to put the Emirate of Fujairah on the international tourism map. Slated for completion later this year, the project’s first phase will include at least 15 storefronts, to be eventually followed by a range of upscale retail outlets, restaurants, and other tourist-friendly attractions.

“As one of the UAE’s smaller emirates, Fujairah is frequently overlooked by tourists and visitors to the country,” project manager Abdullah Taleb says. “The Umbrella Beach project plans to rectify this by drawing attention to Fujairah’s vast tourism potential, including its striking modernity, impressive work ethic, and breathtaking natural beauty.”

‘Something for Everyone’

Located on the Fujairah corniche, Umbrella Beach will afford visitors access to the area’s pristine beaches on the scenic Gulf of Oman. Promising an all-in-one leisure experience, the project is spearheaded by a team of leading brands and developers, all of whom are keen to present Fujairah as a world-class tourism and shopping destination.

In addition to high-end retailers, restaurants, and cafes, Umbrella Beach will ultimately feature a drive-in cinema, wall-climbing area, basketball/volleyball courts, and jogging trails, along with recreational spaces for children and adults. Visitors will also be able to enjoy a multitude of beachside activities, including watersports, jet skiing, parasailing, and more.

“Umbrella Beach will have something for everyone, regardless of age, nationality or background,” Abdullah Taleb explains. “Along with local visitors from Fujairah and the next-door Emirate of Sharjah, we hope to draw tourists from all over the region – and the world.”

UAE Tourism: ‘More than Just Dubai, Abu Dhabi’

With the launch slated for later this year, the project hopes to combine its prime seaside location with a host of dynamic business ventures to become a major commercial hub on the UAE's East Coast, and a top destination for family-oriented holidaymaking all year round.

“Umbrella Beach will serve as a signal to the world that the Emirate of Fujairah is a viable and attractive vacation venue,” Taleb says, “and that tourism in the UAE is about more than just Dubai and Abu Dhabi.”

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210725005023/en/

Contacts

Tulay Genc
info@b2press.com
+31 30 799 6022

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CyberArk Named a Leader in 2021 Gartner Magic Quadrant for Privileged Access Management

 

NEWTON, Mass. & PETACH TIVKA, Israel-Saturday 24 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- CyberArk (NASDAQ: CYBR) today announced it was named a Leader in the 2021 Gartner Magic Quadrant for Privileged Access Management1. The company was positioned both highest in ability to execute and furthest in completeness of vision for the third time in a row.

Over the past year, CyberArk has driven significant product innovations and made it even easier for global organizations of all sizes to take a security-first approach to protecting the growing number and types of identities – wherever they exist – in the cloud, across DevOps workflows and throughout increasingly fragile supply chains. From its advanced on-premises offerings to its growing SaaS portfolio, CyberArk delivers the only Identity Security platform, centered on privileged access management, to provide unmatched customer satisfaction while boosting operational efficiencies and driving down cybersecurity risk – at scale.

“CyberArk has invested significantly in product innovation while reimagining how we engage with and support our customers as they continue to face growing business challenges across an increasingly complex world,” said Mike O’Malley, senior vice president, Global Marketing, CyberArk. “From our transition to a subscription business model and our new cloud-native offerings, to the expanded number of access, privilege and secrets-related use cases we address, CyberArk continues to deliver on its Identity Security vision and drive results for our customers.”

Gartner Peer Insights documents customer experience through verified ratings and peer reviews from enterprise IT professionals. CyberArk reviews include the following:

“CyberArk is a perfectly built PAM solution to cater every PAM use case, covering the basic password vault and password rotation all the way to secure single sign-on access through privileged session management with end to end replay able session recording, hence creating secured jump servers / bastion hosts.” – Director, IGA Program, Healthcare Industry (read full review)

“CyberArk has an excellent customer relationship management team. We enjoyed working with them throughout the engagement. With [this] PAM solution, we were able to avoid and eliminate the need to store access related data in our local system and move to a centralized place which takes care of the encryption and eliminate any security related issues.” - Sr. Software Associate, Construction Industry (read full review)

“This tool has drastically reduced our time spent to manage and track credentials internally. The account management has been very easy and helps to stay compliant with our PCI DSS audits.” - Operations Manager, Communications Industry (read full review)

CyberArk recently won several awards and earned industry recognition, including the SC Awards Europe for Best Privileged Access Management Solution and Best Cloud Computing Security Solution, and Best Privileged Access Management and Best Cybersecurity Company by the Cybersecurity Excellence Awards, among other honors.

To download a complimentary copy of the 2021 Gartner Magic Quadrant for Privileged Access Management, visit: https://www.cyberark.com/gartner-mq-pam/

1 – Gartner, Magic Quadrant for Privileged Access Management, Felix Gaehtgens, Abhyuday Data, Michael Kelley, Swati Rakheja,19th July 2021

Gartner Disclaimers

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences, and do not represent the views of Gartner or its affiliates.

About CyberArk

CyberArk (NASDAQ: CYBR) is the global leader in Identity Security. Centered on privileged access management, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud workloads and throughout the DevOps lifecycle. The world’s leading organizations trust CyberArk to help secure their most critical assets. To learn more about CyberArk, visit https://www.cyberark.com, read the CyberArk blogs or follow on Twitter via @CyberArk, LinkedIn or Facebook.

Copyright © 2021 CyberArk Software. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210721005702/en/

Contacts

Media Relations Contacts:
Brian Merrill, fama PR
Phone: +1 617-986-5005
Email: cyberark@famapr.com

Jordan Fylonenko, CyberArk
Email: press@cyberark.com

Investor Relations Contact:
Erica Smith, CyberArk
Phone: +1 617-630-6426
Email: ir@cyberark.com


Permalink : https://www.aetoswire.com/news/cyberark-named-a-leader-in-2021-gartner-magic-quadrant-for-privileged-access-management/en

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IDEMIA Will Present Its H1 2021 Financial Results to Investors on July 27, 2021

PARIS-Saturday 24 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- IDEMIA, the world leader in Augmented Identity, today announced that it will present its H1 2021 financial results to investors on Tuesday July 27, 2021.

Pierre Barrial (President & CEO) and Didier Fontaine (COO/CFO) will be presenting the financial results and taking questions the same day at 4:00 pm CET (3:00 pm London Time / 10:00 am New York Time).

For more information, please refer to our website: https://investors.idemia.com/

About IDEMIA

IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space.

Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors.

With close to 15,000 employees around the world, IDEMIA serves clients in 180 countries.

For more information, visit www.idemia.com / Follow @IdemiaGroup on Twitter

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005134/en/

Contacts
Press contact
Hanna Sebbah
+33 6 63 73 30 30
idemia@havas.com
Permalink : https://www.aetoswire.com/news/idemia-will-present-its-h1-2021-financial-results-to-investors-on-july-27-2021/en

 

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Wyss Center Partners With Artiria Medical to Accelerate a Novel Therapy for Cerebral Vasospasm

The new device will interact with the nerves responsible for constriction of brain arteries - a common complication after hemorrhagic stroke

GENEVA-Saturday 24 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- The Wyss Center and Artiria Medical today announced a new partnership to accelerate the translation of a novel technology that has the potential to reduce deaths and improve quality of life for stroke patients. Artiria Medical, an early-stage medical device company focused on disruptive neurovascular products, has been developing the technology and is now joining forces with the Wyss Center, a non-profit organization dedicated to bringing state-of-the-art therapies to the patient. The team has received support from the Swiss Innovation Agency, Innosuisse, to test and validate the efficacy of the therapy preclinically, in preparation for human clinical studies.

Stroke is the third leading cause of disability worldwide with more than 80 million people living with long-term impairments as a result. Some strokes result in bleeding in the brain. Such hemorrhagic strokes can lead to severe cerebral vasospasm - an uncontrolled contraction of brain arteries - in the days that follow, depriving entire brain regions of blood with devastating consequences. Current treatments for cerebral vasospasm include drugs or angioplasty to stretch the arteries with a balloon, but both have complications, including the risk of additional bleeding.

The new technology developed by Artiria Medical aims to prevent arterial constriction following hemorrhagic stroke. Through a minimally invasive electroactive endovascular probe, it interacts with specific nerves from within the lower brain arteries to release arterial constriction across the entire brain.

Guillaume Petit-Pierre, CEO at Artiria Medical said: “There is currently no truly effective solution that can treat cerebral vasospasm following hemorrhagic stroke, yet we know this is a leading cause of disability and death. We believe our technology has the potential to bring a new standard of care to patients and dramatically improve quality of life after stroke. Now, with the Wyss Center as our partner, we aim to have the technology ready for human trials as fast as possible.”

The Wyss Center - Artiria Medical collaboration is building on an existing endovascular platform established by the startup. This next generation technology is centered around a biocompatible expandable system to help safely deliver electrical energy into the targeted arteries. Flexible thin-film electrodes are one of the core enabling technologies of the system and the combined teams’ expertise in electrode development will contribute to the ability of the device to precisely control the treatment.

“The Wyss Center is excited to partner with Artiria Medical and help advance this innovative stroke treatment technology. Collaborating with driven entrepreneurs like the Artiria team is key to our mission to translate neuroscience innovations into clinical solutions.” said Wyss Center CEO Mary Tolikas, PhD, MBA.

The Wyss Center partners with entrepreneurs to help accelerate their journey from bench to market by contributing resources, expertise and opportunities that influence the entrepreneurial process.

Innosuisse is the Swiss Innovation Agency. Its mission is to promote science-based innovation in the interest of the economy and society in Switzerland. The core of Innosuisse funding is the support of innovation projects: innovative organisations such as companies and start-ups that develop new services and products together with universities and research institutions.

About the Wyss Center

The Wyss Center is an independent, non-profit research and development organization that advances our understanding of the brain to realize therapies and improve lives. wysscenter.ch

About Artiria Medical SA

Artiria Medical is a Swiss medical device company focused on the development of disruptive neurovascular products. artiria-medical.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005153/en/

Contacts
Johanna Bowler
johanna.bowler@wysscenter.ch


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Wipro Wins Google Cloud Specialization Partner of the Year Award for Application Development

NEW YORK & BANGALORE, India -Thursday 22 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has received the 2020 Google Cloud Global Specialization Partner of the Year award for Application Development.

Wipro was recognized for its achievements in the Google Cloud partner ecosystem for helping joint customers accelerate their digital transformation journey, by developing customized cloud-native applications on Google Cloud’s platform. Wipro was selected for this award as it has consistently demonstrated innovative thinking and outstanding customer service, by harnessing Google Cloud to create industry-leading solutions. These innovative solutions and commitment to customer service have simplified digital transformation, while improving operational efficiency for our customers.

Google Cloud and Wipro have a long history of successful collaboration. Today’s announcement follows the prestigious Google Cloud Partner Specialization badge for Application Development, won by Wipro earlier this year. In addition to the badge for application development, Wipro has also secured Google Cloud specializations in Cloud Security, Cloud Migration, and Google Workspace transformation.

Rajan Kohli, Managing Partner - Integrated Digital, Engineering and Application Services, Wipro Limited said, “We are delighted to win this prestigious award from Google Cloud. This recognition validates our strong product offerings and capabilities in Application Development, and is proof of our continued success in delivering modernization and transformation solutions on Google Cloud. We look forward to building on our productive partnership with Google Cloud, while collaborating with clients to deliver innovative products and services to their customers.”

“Google Cloud Specializations recognize partner excellence and proven customer success in a particular product area or industry,” said Kevin Ichhpurani, Corporate Vice President, Global Partner Ecosystem at Google Cloud. “Based on proven, repeatable customer success throughout a unique and challenging year, and strong technical capabilities, we’re delighted to recognize Wipro as Application Development Specialization Partner of the Year.”

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 200,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210721005588/en/

Contacts
Media Contact:
Sony Shetty
Wipro Limited
sony.shetty@wipro.com


Permalink : https://www.aetoswire.com/news/wipro-wins-google-cloud-specialization-partner-of-the-year-award-for-application-development/en

 

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Wipro launches FieldX, after sales and service solution on ServiceNow

NEW YORK & BANGALORE, India-Friday 23 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow’s Now Platform®. Using FieldX, manufacturing organizations can enhance and scale-up their after-sales customer service operations while reducing costs.

Built as part of the ServiceNow Partner Industry Solution Program, FieldX integrates the customer service and field-service management capabilities of the Now Platform with Wipro’s Internet of Things (IoT) and Augmented Reality (AR) platforms. By digitizing and automating departmental and cross-enterprise workflows, FieldX allows manufacturers to scale-up operations with reduced costs.

FieldX helps manufacturers enhance their customers’ experience with omni-channel support that leverages Wipro’s process-transformation expertise and technological innovations. It also increases machine uptime through proactive IoT-based monitoring, while AR-based live assistance accelerates issue resolution. In addition, FieldX provides service operators and field service workers a 360-degree view of the customer, thereby improving their efficiency.

Harish Dwarkanhalli, President, iDEAS – Apps & Data, Wipro Limited said, “FieldX is a significant step forward in our partnership with ServiceNow and it enables manufacturers to proactively address their customers’ needs in after-sales service management. We look forward to working with ServiceNow to give other relevant industries the opportunity to leverage this comprehensive digital solution as they transform their own customer-service processes.”

Binoy Gosalia, Global Head of Industry Partnerships, ServiceNow said, “Wipro’s expertise in Field Service Management and manufacturing, combined with ServiceNow’s continued innovation across the Now Platform, helps ensure that FieldX addresses all manufacturer needs. After-sales service and customer care are focus areas for ServiceNow, and we look forward to our continued collaboration with Wipro in this space.”

ServiceNow Industry Partner Solutions extends ServiceNow’s capabilities to deliver industry-specific apps and services tailored to meet the customers’ unique digital transformation needs.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 200,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210722005661/en/

Contacts
Sony Shetty
Wipro Limited
sony.shetty@wipro.com

Permalink : https://www.aetoswire.com/news/wipro-launches-fieldx-after-sales-and-service-solution-on-servicenow/en

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American Express Declares Dividends on Series B and C Preferred Stock

 

NEW YORK -Thursday 22 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- American Express Company (NYSE: AXP) has declared the following dividends on the Company’s Series B and C Preferred Shares:

    A quarterly dividend on the Company’s 5.200% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series B, of $9,059.25 per share (which is equivalent to $9.05925 per related Depositary Share). The dividend is payable on August 16, 2021, to shareholders of record on August 1, 2021.
    A quarterly dividend on the Company’s 4.900% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series C, of $8,698.80 per share (which is equivalent to $8.69880 per related Depositary Share). The dividend is payable on September 15, 2021, to shareholders of record on September 1, 2021.

ABOUT AMERICAN EXPRESS

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate responsibility information: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility.

Source: American Express Company
Location: Global

View source version on businesswire.com: https://www.businesswire.com/news/home/20210721005936/en/

Contacts

Media:
Leah M. Gerstner, Leah.M.Gerstner@aexp.com, +1.212.640.3174
Azar Boehm, Azar.Boehm@aexp.com, +1.212.225.4052

Investors/Analysts:
Vivian Y. Zhou, Vivian.Y.Zhou@aexp.com, +1.212.640.5574
Melanie L. Michel, Melanie.L.Michel@aexp.com, +1.212.640.5574

Permalink : https://www.aetoswire.com/news/american-express-declares-dividends-on-series-b-and-c-preferred-stock/en

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Andersen Global Expands Practice in the United Arab Emirates

 

SAN FRANCISCO-Wednesday 21 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Andersen Global enters into a Collaboration Agreement with full-service law firm IBRAHIM & PARTNERS in the United Arab Emirates (UAE), adding dimension and coverage to the organization’s existing capabilities through its member and collaborating firms in the region.

With offices in Abu Dhabi and Dubai, IBRAHIM & PARTNERS has one of the top M&A practice groups in the country. Established in 2018, the firm is led by Managing Partner Ahmed Ibrahim, who previously led the M&A practice group at one of the largest law firms both in the UAE and the Middle East. Additionally, Ahmed was ranked as a Band 1 Capital Markets lawyer by Chambers and Partners in 2021 and previously ranked as Tier 1 Capital Markets lawyer by the Legal 500 in 2018.

The firm has also been consistently recognized by Chambers and Partners, The Legal 500 and IFLR1000, and its professionals’ expertise include litigation, employment law, banking and finance, private equity and funds, oil and gas, construction, energy and tax. Their Capital Markets team is one of the most active Capital Markets teams in the United Arab Emirates, having led almost all the country’s IPOs and rights issue, including two United Arab Emirates issuers listed on London Stock Exchange.

“Our clients are reassured by our combination of legal knowledge, commerciality and sector awareness as reflected through the comprehensive, innovative solutions our professionals deliver,” Ahmed said. “Collaborating with Andersen Global allows us to serve our clients with multi-jurisdictional needs in a seamless manner and further positions our firm as a benchmark organization that sets the standard for best-in-class, bespoke solutions in the United Arab Emirates.”

“IBRAHIM & PARTNERS compete with some of the largest law firms regionally, and their service offerings will allow us to continue providing clients with a broad scope of independent, integrated solutions,” added Andersen Global Chairman and Andersen CEO Mark Vorsatz. “Their regional footprint and cross-border expertise strengthen our existing platform as this region continues emerging as a key global market.”

Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 8,000 professionals worldwide and a presence in over 280 locations through its member firms and collaborating firms.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210720005364/en/

Contacts

Megan Tsuei
Andersen Global
415-764-2700

Permalink : https://www.aetoswire.com/news/andersen-global-expands-practice-in-the-united-arab-emirates/en

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Sintavia Develops Proprietary Copper Printing Technology

GRCop-42 material parameter and furnacing specification to enable full alloy adoption

HOLLYWOOD, Fla.-Wednesday 21 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Sintavia, LLC, a designer and 3D printer of a new generation of flight and launch components, announced today that it has developed proprietary printing technology for GRCop-42, the preferred copper alloy used by NASA and private space flight companies for rocket thrust chamber assemblies. The new technology, which is a combination of a proprietary parameter set and post-processing heat treatment, was developed on an EOS GmbH M400-4 printer, and results in GRCop-42 components with minimum density of 99.94%, minimum tensile strength of 28.3 ksi, minimum ultimate yield strength of 52.7 ksi, and minimum elongation of 32.4%. Importantly, the technology avoids the use of a hot isostatic press in post-processing steps, thereby reducing the time, complexity, and cost of production.

 “Today’s announcement marks the first time we have publicly disclosed Sintavia’s ongoing material development efforts,” said Pavlo Earle, Sintavia’s Vice President of Engineering. “As a company, we are uniquely positioned to unlock the potential of printing difficult materials cost-effectively and with excellent mechanical properties. The fact that we were able to achieve these levels of performance on GRCop-42—by all indications a very difficult metal for additive manufacturing—further cements Sintavia’s role as the global leader in the application of AM within the Aerospace, Defense, and Space industry.”

Mr. Earle added that Sintavia is currently developing proprietary standards for other materials, including refractory alloys, for use across the Aerospace, Defense, & Space industry.

About Sintavia

Sintavia designs and 3D prints a new generation of flight and launch products for the Aerospace, Defense, & Space industry. A founding member of the Additive Manufacturer Green Trade Association, Sintavia is committed to the highest quality standards in the industry and holds multiple Nadcap and other aerospace accreditations. For more information visit http://www.sintavia.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210720005415/en/

Contacts
Sintavia, LLC
Lindsay Lewis
+1 954.474.7800


Permalink : https://www.aetoswire.com/news/sintavia-develops-proprietary-copper-printing-technology/en

 

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Napier sets up at Dubai’s leading financial center in the Middle East with new DIFC office

DUBAI, UNITED ARAB EMIRATES.-Wednesday 21 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Napier, provider of advanced anti-financial crime compliance solutions, has announced it has extended its global footprint by opening a new office at Dubai International Financial Centre (DIFC), the global financial centre and leading FinTech hub in the MEASA region.

Strategically located between East and West, DIFC is recognized as the leading financial center in the Middle East, Africa and South Asia (MEASA). Located in the recently inaugurated Innovation Hub, part of the Dubai Future District, Napier’s new UAE base puts the RegTech provider at the center of the region’s largest collection of financial services companies.

Salmaan Jaffery, Chief Business Development Officer at DIFC Authority, said: “The world’s leading financial and FinTech institutions are based at DIFC and we are delighted to welcome Napier into the fold. Our new Innovation Hub is the region’s largest and most comprehensive innovation ecosystem and provides FinTechs at all stages of their evolution with unparalleled access to a community of like-minded entrepreneurs, experts and technology innovators such as Napier.

“We want to connect a wide range of large and small financial institutions and technology companies and create strong partnerships that will drive global innovation in the financial sector.”

Napier already works on AI-led anti-financial crime solutions with many organizations across MEASA, including Saudi Arabian Monetary Agency, Central Bank of UAE and directly with DIFC. The RegTech has also made a number of key hires across support, sales, client and professional services that will be based in Dubai as it marks its further aspirations to continue to grow the region.

Greg Watson, Chief Operating Officer at Napier, said: “DIFC is recognized internationally as a leading global center for FinTech and building a presence here will enable us to better serve our clients operating both locally and in international markets. Innovations in technologies to improve financial compliance are a key part of the huge ambition that we see across the UAE as it strengthens its position as a modern global financial hub, so it’s very important for us to be here.”

Headquartered in London, Napier works with international customers and has a presence in North America, Australia and Dubai, while its foothold in APAC was also strengthened recently with key senior hires from the industry and the addition of new offices in Singapore and Kuala Lampur.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210720005608/en/

Contacts
John Sullivan
napier@contextpr.co.uk
+44(0)300-124-6100


Permalink : https://www.aetoswire.com/news/napier-sets-up-at-dubairsquos-leading-financial-center-in-the-middle-east-with-new-difc-office/en

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SES Government Solutions Wins USD 14.5 Million Contract to Support Thule Air Base

C-band satellite services delivered to the USG at its northernmost base in the Arctic will ensure critical data service and enhanced redundancy and restoral capabilities

RESTON, Va.-Monday 19 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- SES Government Solutions (SES GS), a wholly-owned subsidiary of SES, today announced it was awarded a contract of USD 14.5 million to support Thule Air Base in Greenland with critical communications capabilities.

The SES GS solution leverages C-band technology, which is highly resilient to weather effects, and provides a dedicated reachback beam leveraging single hop connectivity directly to the user site. The SES GS solution also provides redundancy at all levels, to include antennas, uplink and downlink telemetry, ground infrastructure, and restoration capabilities. This award is an example of the company’s proven track record of providing reliable services in harsh climate conditions in the Arctic, while ensuring the mitigation of physical antenna degradation.

“We are proud to provide satellite communications support for this critical mission,” said President and CEO of SES Government Solutions, Brigadier General Pete Hoene, USAF (retired). “Thule Air Base is the Department of Defense’s northernmost installation, and this program continues to serve as a great example of the importance of our capability to deliver the critical intelligence data to military decision makers.”

SES GS has been the sole provider of commercial satellite communications to Thule Air Base for over 20 years. It has extensive experience overcoming the challenging conditions of operating in Arctic locations, including the extreme cold-weather environment, unpredictable weather patterns, near-horizon location, and logistical challenges.

SES operates the world’s only global satellite fleet of both geostationary and non-geostationary (NGSO) satellites, with expanded capabilities to be deployed in 2022 with the upcoming launch of the next-generation O3b mPOWER constellation.

SES combines its operational experience with its GEO and NGSO global capabilities to deliver multi-band, multi-orbit communications to customers’ remote locations like Thule, where resilience and reliability are non-negotiable.

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About SES Government Solutions

SES Government Solutions (SES GS) is a wholly-owned subsidiary of SES, the leader in global content connectivity solutions. SES GS operates under a proxy board allowing them to provide services through contracts with the U.S. Government, including classified work. SES GS is exclusively focused on meeting the satellite communications needs of the U.S. Government. Leveraging more than four decades of experience in the government SATCOM market, SES GS offers robust and secure end-to-end satellite communications solutions. Further information can be found at www.ses-gs.com.

About SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,400 channels and has an unparalleled reach of 361 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210718005023/en/

Contacts
For further information please contact:

Jon Bennett
Government Affairs, Marketing & Communications, SES GS
Tel. +1 703 610 0998
jon.bennett@ses-gs.com

Permalink : https://www.aetoswire.com/news/ses-government-solutions-wins-usd-145-million-contract-to-support-thule-air-base/en

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